Answer:
b. 75,000 units
Explanation:
Fixed cost = $360,000
Target net income = $90,000
Selling price per unit = $30
Unit variable cost = $24
The computation of net income is shown below :-
= (Fixed expenses + target profit) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $30 - $24
= $6
So, the net income is
= ($360,000 + $90,000) ÷ ($6)
= ($450,000) ÷ ($6)
= 75,000 units
Answer:
7 years (to the nearest year)
Explanation:
Given that;
A = amount
P= principal
t = time
r = rate
A =3P(given in the question)
Formula for compound interest;
A = P(1 + r)^t
Substituting values;
3P = P(1 + 18/100)^t
3P/P= (1.18)^t
3 = (1.18)^t
log 3 = t log 1.18
t = log 3/log 1.18
t = 0.4771/0.0719
t = 6.6 years
t = 7 years (to the nearest year)
Answer:
Bill Gates said, "Develop your people to do their jobs better than you can. Transfer your skills to them. This is exciting but it can be threatening to a manager who worries that he is training his replacement. Smart managers like to see their employees increase their responsibilities because it frees the managers to tackle new or undone tasks."
Explanation:
Bill Gates is an American computer pioneer and philanthropist. He is a co-founder of Microsoft, where he was the chairman of the board. He has now left the day-to-day work at Microsoft to work full-time within the Bill & Melinda Gates Foundation. According to Forbes magazine, Gates is the second richest person in the world (after Jeff Bezos) with a fortune of about $105 billion.
Answer:
it is refered to as profit maximization condition
