National income is other wise called a) Real income b) nominal income c) Gross National product d) money income
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Answer:
a. Anticipated level of profit.
Profit = Contribution margin of Chicken + Contribution Margin of Fish - Fixed costs
Contribution margin of Chicken
= (Selling - Variable costs) * Units sold
= ( 3.9 - 1.95) * 209,000
= $407,550
Contribution Margin of Fish
= (Selling - Variable costs) * Units sold
= ( 5 - 2.5 ) * 305,000
= $762,500
Profit = 407,550 + 762,500 - 111,000
Profit = $1,059,050
b. Break-even using weighted-average contribution margin.
Breakeven point = Fixed Cost/ Weighted Contribution margin
Weighted contribution margin
= (Proportion of chicken * Contribution margin of chicken) + (Proportion of fish * Contribution margin of fish)
= ( 43% * (3.9-1.95)) + ( 57% * ( 5 - 2.5 ))
= $2.2635
Breakeven point = 111,000 / 2.2635
= 49,039 units
c. Sales mix changes to four chicken tacos for each fish taco.
That means 0.8 chickens and 0.2 fish.
= (Proportion of chicken * Contribution margin of chicken) + (Proportion of fish * Contribution margin of fish)
= ( 80% * (3.9-1.95)) + ( 20% * ( 5 - 2.5 ))
= $2.06
Breakeven point = 111,000 / 2.06
= 53,883 units
Chicken = 80% * 53,883
= 43,106 units
Fish = 53,883 - 43,106
= 10,777 units
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Answer:
Bond Price = $875.6574005 rounded off to $875.66
Explanation:
To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is an annual bond, the coupon payment, number of periods and annual YTM will be,
Coupon Payment (C) = 1,000 * 0.05 = $50
Total periods (n) = 3
r or YTM = 0.10
The formula to calculate the price of the bonds today is attached.
Bond Price = 50 * [( 1 - (1+0.10)^-3) / 0.10] + 1000 / (1+0.10)^3
Bond Price = $875.6574005 rounded off to $875.66
