<span>The answer is 5,625 units. The initial variable cost is 5 dollars. We know 20% of 5 is 1, so a decrease of 20% is 5 minus 1, which equals 4. The new variable cost per unit is 4 dollars. The initial fixed cost is 60,000 dollars. The capital investments adds 30,000 to fixed costs, so the new fixed cost is 90,000. We can compare the cost amount to the amount earned from selling each unit at 20 dollars per unit. We check that 4 dollars times 5,625 is equal to 22,500 dollars. Then we see that 22,500 plus 90,000 equals 112,500 dollars in costs. Then we check that 20 dollars times 5,625 is equal to 112,500 dollars in sales. Since the cost value is equal to the sales amount, we have found the breakeven level in units.</span>
Answer:
B. Evaluate your financial health. Record all expenses for a month to compare income and expenses.
D. Define your financial goals. Pay off credit card(s) by the end of this school term.
A. Develop a plan of action. Develop a budget matching income and projected expenses for the remainder of this academic year.
E. Implement the plan. Reduce expenses in problem areas so amounts do not exceed budgeted projections.
C. Review progress on the plan, reevaluate the plan, and revise the plan or start over with a new one. Based on this year, develop a revised budget for next year based on projected income and expenses.
Explanation:
The five basic steps of financial planning are evaluate, define, develop, implement, and review, or EDDIR for short. It basically by knowing your current position and defining how you want to be in the future. Then you must develop a plan and try to implement that plan. After some prudent time, you should go back and review if the plan was successful or not.
Answer:
I see myself having no family only a gf and why no kids is so I can raise them right have a house a business and work hard so they don't and I will be a, healthy man. And I am choosing this path because many people don't and fail when they have a family to take care of. Also I want to be able to ollie in the future. I want to be very successful so I can provide help to anyone who needs it and I want to have my own book motivating more people be more successful. The sate I will live in will probably be Utah or California so my fam will live well. Also I will try to homeschool the kids and teach them something new or have them go to a public school. This is what I want my future to be like but for now I have to make to come true so I have to grain. So peace have a goodnight/morning cya later or never.
A sociologist might say that this is an example of how economic action is <u>embedded in</u> social relationships.
<u>Explanation:</u>
Answer:
The correct answer is: demand curve; option C.
Explanation:
A price floor is the lowest limit fixed on the price of a product. It is imposed by the government to protect the producers.
A binding price floor is fixed above the equilibrium market price. It is a horizontal line above the equilibrium price.
The consumers are willing to purchase the quantity where the price floor intersects the demand curve.
There is an excess supply as firms supply more at a higher price while the consumers demand less.
Since there is a difference between the equilibrium price and what the consumers are willing to pay, there exists a deadweight loss. This deadweight loss is the triangular area below the demand curve and above the supply curve between equilibrium quantity and price floor quantity.