Answer:
25%
Explanation:
the formula for the margin of safety is as follows
margin = current sales level -breakeven point/ current sales level x 100
expected sales unit = 20,000 units
the break-even point is fixed costs/contribution margin
fixed costs= $360,000
contribution margin = sales price- variable costs
=61-37
=24
breakeven point = $360,000/ 24
=15000
the margin of safety = 20,000-15,000/20,000 x 100
=5000/20000 x 100
=25%
Answer:
Neoclassic economists believe that both wages and prices are sticky (hard to change) only int he short run. In the long run, both prices and wages will adjust to new economic conditions.
In this particular case, neoclassic economists will predict that even though wages are starting to rise, in the long run the equilibrium wage will be higher.
Long run and short run are economic concepts that do not refer to a given time period, e.g. long term in accounting means more than 1 year, but long run in economics may take years to come.
Long run refers to the amount of time it takes for an economic variable to adjust to economic changes.
If Canada's increase in labor costs is paired with an increase in productivity (usually new technologies), then the economy should be able to grow since private consumption and investment will increase due to higher wages.
Explanation:
Answer:
The correct answer is letter "C": will remain the same.
Explanation:
A partnership is an organization with two or more members running a business. They share the profits in percentage terms in proportion to their partnership value. The partnership dissolves and a new partnership is created when one of the partners is removed, retired or deceased or even when a new partner is introduced. The remaining partners' capital will be the same, for accounting purposes.
Answer: D. Manufacturing
Explanation: The companies manufacture the new cars/ houses.
Answer:
There will be cut in taxes and increased spending.
Explanation:
Expansionary policies are those in which government takes decisions to increase the spending on infrastructure, health, education and other development projects and reduces the taxes. This strategy is used to boost the economy. The increased spending creates more opportunities and there will be lesser unemployment in the country.
