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nikdorinn [45]
4 years ago
8

You have been provided with the following information

Business
1 answer:
ololo11 [35]4 years ago
8 0

Answer:

$15000.

Explanation:

Given: Sales $90,000

Less Variable Exp (54,000)

Contribution margin 36,000

Less Fixed Exp (24,000)

Operating Profit $12,000

As sales decreases by 10%.

∴ Sales= Current\ sales- (current\ sales \times 10%)

Sales= \$ 90000- (\$ 90000 \times \frac{10}{100} )

Solving and opening the parenthesis.

Sales= \$90000- \$ 9000= \$ 81000

Sales= $81000.

Now, computing to get fixed expense at which operating profit will remain same.

Contribution margin= sales- variable expense

⇒ Contribution margin= \$ 81000-\$ 54000= \$ 27000

Fixed expense= Contribution margin - operating profit

Fixed\ expense= \$ 27000-\$ 12000= \$ 15000

∴ Fixed expense will $ 15000 at which operating profit will remain same.

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The Housing Financial Discrimination Act (Holden Act) prohibits all financial institutions from discriminating in real estate lo
Rainbow [258]

Answer:

Redlining

Explanation:

Redlining stems from discrimination that consists denial of services, maybe financial based on the group one may fall under such as race, ethnicity or location. The Holden act(1977) is a real estate act of California meant to protect individuals from discriminations such as ones that involve denial of mortgage loan on the basis of something other than the credit worthiness of the individual . These discriminations could take the form of mortgage loan and, insurance loan denials or other financial services based on creditworthiness history of the group the person may fall under and not necessarily the individual's qualifications on his own

8 0
3 years ago
To decide where to place the first digit in the quotient ,you can estimate or use_
Alla [95]
Benchmarks!!!!!!!!!!

8 0
4 years ago
Read 2 more answers
why do the regular meetings between a portfolio manager and his or her team of analysts take place in what is sometimes called "
Delicious77 [7]

Important meetings between a portfolio manager and his or her team of analysts take place in what is sometimes called "the war room" because that is where business strategies are discussed and formulated.

<h3>What is Business Strategy?</h3>

This refers to the set plans and actions that a business takes in order to get ahead of its competition and maximize profit.

With this in mind, the strategy room is called a war room because business is effectively war, especially in a capitalist system and the portfolio manager meets with his team of analysts in order to discuss business strategies.

Read more about business strategy here:
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5 0
2 years ago
Unit 1 Quiz Submit 6 A market economy has several benefits, but it also has some drawbacks. What is one negative effect a market
Lesechka [4]

Answer:

A. It creates extreme divisions between the wealthy and the poor

Explanation:

The market economy is profits driven. The prices of goods and services, including essential goods, are set to generate profits for the producer. Only people with resources are able to acquire these goods.  

The market economy creates social inequities as those with fewer resources will always afford little. Meanwhile, owners of the factors of production continue making profits and growing more wealthy. Economies with a market economy will have people at both extreme ends of wealth; those with a lot and those who barely have any

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3 years ago
If a company sales are growing at a rate of 20% annually, how long it will take sales to double?
Zinaida [17]
Use this equation: FVN= $2 = $1(1 + I)N= $1(1.20)<span>N    (With any dollar amount)

</span>The exact answer is 3.8 years, but some calculators will round this value up to the next highest whole number, so maybe 4 years. 
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4 years ago
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