Answer:
$27.25
Explanation:
We must first determine the average balance:
(900 x 30 days) / 30 days = $900
($1,300 x 20 days) / 30 days = $866.67
($100 x 15 days) / 30 days = $50
average balance = $900 + $866.67 + $50 = $1,816.67
now we multiply times APR:
daily balance x APR/12 = $1,816.67 x (0.18/12) = $27.25
Answer:
Break-even point in total units= 951.7units
Explanation:
<em>Break-even point is the level of activity at which a firm must operate such that its total revenue will equal its total costs. At this point, the company makes no profit or loss</em>.
It is calculated using this formula:
<em>Break-even point (in units) = Fixed cost/ average contribution per unit</em>
<em> Blue Plaid</em>
Contribution per unit 43-30 = 13 52-45 = 7
<em>Average contribution per unit </em>
= ( (13× 4) + (7×5) )/9
= $ 9.66 per unit
<em>Break-even point in total units</em>
= $9200/$ 9.66
= 951.7units
Break-even point in total units= 951.7units
Answer:
The correct answer is (B)
Explanation:
Tax incidence or known as the tax burden is a phenomenon that is used for the equal distribution of economic welfare between the sellers and the buyers. Both sectors are equally burdened to achieve static equilibrium and economic welfare. After careful study it is determined that who will bear the tax burden and who will not.
