Within a ________________________ economy, we often see both producers and consumers responding to the incentive of price changes.
Answer:
market economy
Answer: $245
Supplies expense = Supplies purchased during the period - Ending balance of supplies on hand
= 370-125
= $ 245
Answer: Sara must take a break and come back later.
Explanation: Have you ever struggled with hard problem and found that no matter how much you tried to figure it out, the answer just won’t come to you? This is an all-too-common problem for scientists, philosophers, mathematicians, novelists, musicians, and countless intellectuals alike. But as anyone who wrestles with creative/intellectual problems on the regular will tell you, the solution to a tough problem will often come at a time when they are not focused on the problem directly. To the contrary, solutions to problems often come when they are doing completely unrelated, like taking a walk or in the shower. Working for long stretches without breaks leads to stress and exhaustion. Taking breaks refreshes the mind, replenishes your mental resources, and helps you become more creative. Problem-solving may seem straightforward at first glance, but there are many employees who stumble over one or more of the critical steps, failing to successfully resolve workplace issues. Successful problem-solving requires several important skills that will help you proceed efficiently from identification to implementation.
Answer:
Instructions are listed below
Explanation:
Giving the following information:
The Variable unitary cost= $37 each.
The fixed costs are $70,000.
The selling price for each product is $72.
1) revenue function= P*X
Revenue function= 72*x
Option E
2) Profit function= (P-Vc)*X-Fc
Profit function= 35*x-70000
Option B
3) break-even quantity= fixed costs/contribution margin
break-even quantity= 70000/35= 2000 units
Option D
4) break-even point ($)=fixed costs/contribution margin ratio
Contribution margin ratio= contribution margin/P= 0,49
break-even point ($)=70000/0,4861111= $144000
