Fixed costs = $3,000,000
Variable costs = 40% of Sales
Sales - x
Net income = $300,000
3,000,000 + 0.4 x + 300,000 = x
3,300,000 = x - 0.4 x
0.6 x = 3,300,000
x = 3,300,000 : 0.6
x = 5,500,000
We can prove it:
3,000,000 ( FC )+ 2,200,000 ( VC ) + 300,000 = 5,500,000
Answer:
The required sales for Montoya manufacturing: $ 5,500,000.
Answer:
1.True
2.False
3.True
Explanation:
1) Meekertownian consumers were better off without free trade than they were before.
-True
As the world price is higher than in Meekertown, opening up to international trade will align goods prices to that of in the world market. Since world price is higher, meeker price will go up and consumers will have to pay more.
2) Meekertownian producers were worse off without free trade than they are with it.
-False
World meeker price is higher than in Meekertown domestic market. So opening up of the market to international trade will provide an opportunity to producers to export to the world market.
3) When a country is too small to affect the world price, allowing for free trade will always increase total surplus in that country, regardless of whether it imports or exports as a result of international trade.
-True
Free trade creates a surplus in the market because of efficient production and market forces.
When a country is too small to affect the world price, allowing for free trade will always increase total surplus in that country, regardless of whether it imports or exports as a result of international trade
Answer:
a.
Explanation:
Cash (400*40) Dr.$16,000
Loss on sale of stock investments (400*40-400*600 Dr.$8,000
Stock Investments (400*60) Cr.$24,000
As the stock was sold $20 below its purchase price therefore $20*400 will be recorded as loss on investments.The loss on investments and Cash will be debited and investments have decreased therefore credited.
As long as you have no dependents
1040EZ is the simplified tax paying form made by IRS. In order to use it you juts have to select your tax filling status and enter some details for your tax counting.
But if you have a dependent ( like a spouse who claimed that you should pay for your child's education fund) , you can not use 1040EZ
Answer:
Heya!
Explanation:
The characteristics of a mixed economy include allowing supply and demand to determine fair prices, the protection of private property, innovation being promoted, standards of employment, the limitation of government in business yet allowing the government to provide overall welfare, and market facilitation by the self-interest of the players involved.
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