Solution :
The risk averse is the person who wishes to reduce the uncertainty attached to the money.
Certain income = $2000.
50-50 chance of 1000 and 3000 would income expected income of
(0.5 x 1000) +(0.5 x 3000) = 2000
Both of them gives an equal amount of income while there is uncertainty attached with the second case which makes the risk averse person disincline to follow.
Hence the statement is FALSE.
Assume that the population level in a country is X. 5 percent of the population are likely to get affected by the disease due to which it makes a population of 0.05 X population to be effected by the disease. The population level will cost $38,000, hence making the total healthcare cost to be 1900 X.
Answer: the correct answer is (A) international product life cycle
Explanation:
International product life cycle is based on the theory of product life cycle that basically states that a product cycle has four stages: introduction, growth, maturity and decline.
The break-even point in units using the mathematical equation is 2,000 in units and the unit contribution margin is 80 per unit.
<h3>Break even points in units</h3>
a. Break-even point in unit
Using this formula
Break-even point in unit=Fixed cost/(Selling price-Variable cost)
TC = FC + VC
Sales - TC = Net Income
Sales - TC = 0
Sales - FC - VC = 0
2500(Q)-160,000-170(Q) = 0
80(Q)-160,000 = 0
80(Q)=160,000
Q=160,000/80
Q=2,000 break-even in units
b. Unit contribution margin
Unit contribution margin = Selling price- Variable cost
Unit contribution margin= $250 - $170
Unit contribution margin =$80 per unit
Inconclusion the break-even point in units using the mathematical equation is 2,000 in units and the unit contribution margin is 80 per unit.
Learn more about break-even point here:brainly.com/question/9212451
This is known as <u>"self-enhancement".</u>
Self-enhancement is when people tend to rate themselves better than expected, trust they have a superior than normal likelihood of progress, and ascribe their victories to individual inspiration or capacity while reprimanding the circumstance for their missteps.
Self-enhancement is a kind of inspiration that attempts to influence individuals to like themselves and to keep up confidence. This thought process turns out to be particularly unmistakable in circumstances of risk, disappointment or hits to one's confidence. Self-improvement includes an inclination for positive over negative self-sees.
Answer:
Kindly see Explanation
Explanation:
April 10:
Dr Cash 37,800
Cr Sales 34,500
Cr Sales taxes 3,300
April 15:
Dr Cash 28,080
Cr Sales 26,000
Cr Sales taxes 2,080
Cash = 34500+3300 = 37800
Sales = 28080/1.08 = 26000
Sales tax (28080 - 26000) = 2080
