Answer:
Explanation:
targeted profit can be achieved after covering total cost including fix cost
total cost = variable cost + fix cost
break even = total cost = total revenue
first we need to cover variable cost
Selling price = 120
Varaible cost = -80
contribution margin = 40
Now we need to cover fix cost
break even = fix cost/ contribution margin
break even = 50000/40
break even = 1250
now we need extra units to cover the targeted profit
targeted units = 10000/40
targeted units = 250
total units that should be sold for targted profit of $10000 = (250+1250) = 1500
or
we can solve through this method
targeted units = (fix cost+targeted profit) / CM per unit
targeted units = (50000+10000)/40
targeted units = 60000/40
targeted units = 1500
1. Determine the total cost of the program (tuition, fees, books, cost of living, etc)
2. Determine how much of this they will have to save up for (aka the amount not covered by taking out student loans)
3. Break down that total amount into periodic savings deposits. So if you need $10,000 and you have 4 years, make a plan to save $2,500 a year.
Answer:
Her consumption spending will rise by $1.40
Explanation:
Marginal propensity to consume is 0.7. This information means that the individual will consume 70% of every single dollar she earns. Hence, if she consumer earns an extra $2, her consumption spending will rise by $1.40
The income tax for 20,000 is 2,000 right?
So to how much percent is 2000 of 20000 you have to divide the number and multiply by 100.
So 2000/20000 is 0.1 right?
Multiply 0.1 worth 100 to get 10% tax.
We can check with the 3000 and 30000 also
