Answer:
Break-even point (dollars)= $275,000
Explanation:
Giving the following information:
sales $200,000
variable costs $120,000
fixed costs $60,000
desired profit= $50,000
<u>To calculate the sales required to achieve the desired profit, we need to use the break-even point in dollars formula:</u>
Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio
Break-even point (dollars)= (60,000 + 50,000) / [(200,000 - 120,000)/200,000]
Break-even point (dollars)= 110,000 / 0.4
Break-even point (dollars)= $275,000
Answer:
general partnership
Explanation:
General partnership -
It refers to the management of a particular business , by two or more partners in a predefined manner , where the profit is shares equally amongst the partners , is referred to as general partnership .
The decision about the business is taken along with all the partners ,like the financial decisions.
Any loss or profit is shares equally amongst all .
Hence , from the given scenario of the question ,
Sandra and Clara enters into a general partnership .
The answer is : The demand is elastic.
Elasticity =
[(80,000 - 180,000)/((80,000+180,000)/2)]/[($40 - $30)/(($40 + $30)/2)]|
[(-100,000/130,000)]/[(10/55)] = -.7692/.1818= -4.23
The answer is -4.23, however when considering own price elasticity of demand, we ignore the negative sign and look at the absolute value to determine whether it is elastic or inelastic.
Answer:
E. He is not accounting for the new consumers who will benefit from being able to consume the product.
Explanation:
With the increase in price of product, Demand equals Supply i.e., no shortage exists in the market. Thus, the equilibrium level is achieved at price of $ 10. Further, The most important advantage of increasing the price in the given question is that shortage which exists earlier no longer remains now which will benefit all the consumers including some new consumers as they will able to get the sufficient number of quantities of product for the consumption now. Financial Head of Firm is ignoring the new consumers who will benefit from able to consume the product.
Therefore, He is not accounting for the new consumers who will benefit from able to consume the product.
I believe it's cross examination (the interrogation of a witness called by one's opponent). But I'm not 100% positive.
