Answer:
Andrew has to rent 1114 rooms per month in order to break even
Explanation:
Break-even Point is the point at which the units sold (or revenue) by a firm <em>neither </em>makes a profit <em>nor </em>a loss.
<em>Break-even (units) = Fixed Cost / Contribution per unit</em>
= $59,000 / ( $91 - $38)
= $59,000 / $53
= 1113.207547
= 1114 rooms
Answer:
5.21%
Explanation:
14.1% or 14.1/100 = +0.141 (gain)
4.8% or 4.8/100 = -0.048 (loss)
7.2% or 7.2/100 = +0.072 (gain)
Firstly, we will add 1 to each annual return
1st year = 0.141 + 1 = 1.141..................R1
2nd year = -0.048 + 1 = 0.952.........R2
3rd year = 0.072 + 1 = 1.072.............R3
Now, we need to calculate the combined percent
(R1*R2*R3)^n
. n =3
(1.141*0.952*1.072)^(1/3)
= 1.164440704 ^ (1/3)
= 1.05205665
Annualized average rate of return = Combined % - 1
= 1.05205665- 1
= 0.05205665
= 0.05205665 * 100
= 5.205665%
= 5.21%
So, required annual average rate of return over the three years is 5.21%
Answer:
B
Explanation:
The law of supply states that there is a positive relationship between price and quantity of a good supplied. This means that supply curves typically have a positive slope.
The supply is determined by:
-the price of the good or service (note 1).
-the cost of producing the good, which depends on the price of required inputs and the technologies that can be used to produce the product.
-the prices of related products.
(note 1) If desire for goods increases while its availability decreases, its prices rise. On the other hand, if availability of the good increases and the desire for it decreases, the price comes down.
In this case, if a toy became popular and the scarce increase, the price will rice and the supply quantities will increase.
<span>A system under a load when you are testing for errors is to verify that its truly stableLoad testing is the process of putting demand on a software system or computing device and measuring its response. Load testing is performed to determine a system's behavior under both normal and anticipated peak load conditions. It helps to identify the maximum operating capacity of an application as well as any bottlenecks and determine which element is causing degradation.</span>