A sign in front of a roller coaster says you must be 40 inches tall to ride. What percentage of this height 34 inches?
2 answers:
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Let x represent amount of money that Tony needs to deposit to avoid a fee.
We have been given that Tony has $727.29 in his checking account. He wrote a check for $248.50 today.
Let us find amount of money left in Tony's account after writing a check of $248.50 as:
After depositing x dollars in account, total amount of money in Tony's account would be .
Since Tony must maintain a $500 balance to avoid a fee, so amount of money is his account should be greater than or equal to 500.
We can represent this information in an inequality as:
Therefore, our required inequality would be and option C is the correct choice.
Let us solve for x.
Therefore, Tony must deposit at-least $21.21 to avoid a fee.
Answer:
For Model A12:
Break even point (units) = 6600 x (58/100) = 3828 units
For Model B22:
Break even point (units) = 6600 x (27/100) = 1728 units
For Model C124:
Break even point (units) = 6600 x (15/100) = 990 units
Step-by-step explanation:
A)
Calculation of total break even unit is given below:
Break Even units = \frac{fixed\ expenses}{contribution\ margin\ per\ unit}
where contribution per unit is given as
Contribution margin per unit = selling price per unit - various expenses per unit
Therefore,
For Model A12:
Contribution margin per unit = $52 - $41 = $11
For Model B22:
Contribution margin per unit = $109 - $75 = $34
For Model C124:
Contribution margin per unit = $403 - $310 = $93
As, sales mix of given model is given as 58:27:15,
therefore total contribuition per unit is
Total contribution margin per unit = {$11 x (58/100)} + {$34 x (27/100)} + {$93 x (15/100)}
= $6.38 + $9.18 + $13.95
= $29.51
Total break even units
= 6600 units
(B) Break point for each model;
For Model A12:
Break even point (units) = 6600 x (58/100) = 3828 units
For Model B22:
Break even point (units) = 6600 x (27/100) = 1728 units
For Model C124:
Break even point (units) = 6600 x (15/100) = 990 units