Answer:
Break-even point (dollars)= $9,976.25
Explanation:
Giving the following information:
Fixed costs:
Rent $2,500
Utilities $500
Interest $750
An insurance premium of $200
Advertising on local bus $250 a month
Total= $4,200
A small bucket of take-out chicken, the only menu item, is priced at $9.50. Unit variable costs for the bucket of chicken are $5.50.
To calculate the break-even point in dollars, we need to use the following formula:
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 4,200/ [(9.5 - 5.5)/9.5]
Break-even point (dollars)= 4,200/0.421
Break-even point (dollars)= $9,976.25
Answer:True
Explanation:
Adverse approaches to contracting in some companies have led to reduced efficient industry with lower productivity levels. However, the relational contracting approach has evidently increased the efficiency by developing partnering agreements and joints team goals and reviews that enhanced financial returns.
You did not mention the possible answers, however, a federal system of a government is when there are many states or autonomous regions that each have their own laws and small governments, but they all belong to a large federation where there is a federal government which makes laws and decisions on a larger scale that apply to all states that are members of the federation.
Answer: Inelastic
Explanation:
Price elasticity could be defined as when the desire for a product changes as it's price changes. When people's desires changes or they are no longer interested as the price for the commodity goes up. Inelastic demand is defined as when the buyers demand does not change or is not influenced as the price of the commodity goes up, rather the demand decreases than increasing. The price rise will increase city revenues if the elasticity of demand for electricity and natural gas is elastic.
Answer:
Sale - November 10
<u>Cost of Sales</u>
= 48 units × $99
= $4,752
<u>Inventory Balance</u>
=25 units × $99
=$2,475
Sale - November 15
<u>Cost of Sales</u>
=53 units × $105
= $5,565
<u>Inventory Balance</u>
40 units × $105 = $4,200
25 units × $99 = $ 2,475
Total = $6,675
Sale - November 24
<u>Cost of Sales</u>
= 13 units × $105
= $ 1,365
<u>Inventory Balance</u>
27 units × $105 = $ 2,835
25 units × $99 = $ 2,475
Total = $5,310
Explanation:
LIFO Inventory System sells the Recently Acquired Inventory First followed By Older Inventory Acquired.
