Answer:
A 15.64%
Explanation:
300*1.18 = 354
354*0.02 = 7.08
354 - 7.08 = 346.92
rate of return = 346.92/300
= 15.64%
Therefore, The rate of return on the fund is 15.64%
Answer:
Explanation:
Attached is a solution to the question
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Operating cost is $30000
Variable cost per unit is $ 2.50
Selling cost per unit is $3.70
Income for per unit sold = selling cost - variable cost
= 3.70 - 2.50 = 1.20
Income for per unit sold is $1.20
The value of Sales volume to equal the cost can be obtained by the following formula
Sales volume * Income per unit sold = operating cost
sales volume * 1.20 = 300000
sales volume = 3000000/1.20 = 250000 Hence Total sales volume unit to equal the operating cost is 250000 units
