Answer:
33.77%
Explanation:
In one year, you are going to receive ($42 x 100) + ($0.56 x 100) = $4,256
you must return ($35.50 x 50) = $1,775
plus interests = $1,775 x 6% = $106.50
total return = $4,256 - $1,775 - $106.50 = $2,374.50
you invested $1,775
return on your investment = ($2,374.50 / $1,775) - 1 = 33.77%
C.the economy is using all of its resources to produce books
Answer:
800 units
Explanation:
The net income earned is the difference between the total sales and the total cost. The total cost is the sum of the fixed and variable cost. The sales and variable cost are dependent on the level of activities or number of units produced and sold.
The difference between the sales and variable cost gives the contribution margin.
In light of the above,
let the number of units to be sold to achieve targeted income be x
Total sales = $23x
Total variable cost = 10x
2,500 = 23x - 10x - 7,900
13x = 7900 + 2500
13x = 10,400
x = 800 units
