A research organization keeps track of what citizens think is the most important problem facing the country today. They randomly
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Answer:
The cost of six magnets is $1.10
Step-by-step explanation:
The cost of 1 magnet = $ 0.20
Cost of 2 Magnets = $ 0.38
Now, the series of the cost of magnets is:
0.20 , 0.38, 0.56 , 0.74,...
Now, the above series forms an Arithmetic Progression as
0. 38 - 0. 20 = 0.18
and 0. 56 - 0. 38 = 0.18
Hence, the common difference of the series = 0.18
and first term of the series = 0.20
By , A.P a(n) = a + (n-1) d
⇒
or, a(6) = 0.20 + 0.9 = 1.1
or, the sixth term in the sequence is $1.1
Hence, the cost of six magnets is $1.1
Answer: Restaurant's monthly breakeven point in sales is $31333.
Step-by-step explanation:
Since we have given that
Number of guests = 20,000
Average sales = $120,000
Contribution margin per guest = $1.50
Let the number of sales be 'x'.
Cost per sales would be
Margin contributed by 2000 guests would be
So, Revenue function would be
Fixed monthly cost = $ 50,000
Variable cost for 20000 guests = $90000
So, Variable cost per sale would be
So, Cost function would be
Breakeven point would be
Cost function = Revenue function
Hence, Restaurant's monthly breakeven point in sales is $31333.