Answer:
<u>3. divided by contribution margin per unit. (sales target net income</u><u>)</u>
<u>Explanation</u>:
In calculating the sales level in units needed to achive a certain net target income, this formula is applied:
Fixed cost + Targeted Income/Contribution margin per unit
<u>Fixed cost:</u> are all the cost that remains constant or unchanged for a longer period of time such as cost of rent, interest payments etc.
<u>Contribution margin per unit: </u>this refers to the difference between the selling price per unit and the variable cost per unit. This portion of the sales revenue covers (contributes to) the fixed costs.
I'm pretty sure both the unemployment rate and the bankruptcy rate would be higher.
Answer:
A promissory note Is a written promise to pay a specified amount of money at a certain date
Explanation:
A promissory note is a financial documents containing a written promise by one party, that is the issuer of the document or note to pay another party a particular amount of money, when it is demanded or at a particular date in the future. Such a note contains all the terms that has to do with the indebtedness, like the principal, interest rate, maturity date, the date the note was issued and signatures.