The correct answer is any amount higher than $5,400.
First, you need to solve the break even point of sales when Chris will earn the exact same amount by plan a or plan b. The following equation will solve this problem, with x being the amount of sales.
$360 + .09x = $630 + .04x
First, subtract .04x from both sides:
$360 +.05x = $630
Next, subtract $360 from both sides:
.05x = $270
Finally, divide both sides by .05:
X = $5,400
At $5,400 Chris will earn the same about of pay, regardless of which plan they are on. Since the commission percentage is higher on plan a, Chris is better off having plan a when sales are higher than $5,400. At this point Chris is earning 9% commission, rather than 4% in plan b.
Answer:
Yes, he can buy stock in Apple.
Explanation:
Answer:
Option (b) is correct.
Explanation:
When the united states offered a tax credit to the firms that built the new factories then this will increase the demand for loanable funds because every firm wants to built a new factory, so that they are eligible for the tax credit given by the U.S.
This increase in the demand for loanable funds at the ongoing interest rate would shift the demand curve of loanable funds rightwards and this economy is experiencing a situation where the demand of loanable funds is greater than the supply. This will create a shortage of loanable funds.
Answer:
cost of direct labor = $55,000
so correct option is A. $55,000
Explanation:
given data
conversion costs = $330,000
manufacturing overhead = $275,000
to find out
cost of direct labor
solution
we get here cost of direct labor that is express as
cost of direct labor = Conversion costs - manufacturing overhead ..............1
put here value we will get here
cost of direct labor = $330,000 - $275,000
cost of direct labor = $55,000
so correct option is A. $55,000
<u>Answer:</u> The rate of interest is 7.18 %
<u>Explanation:</u>
To calculate the rate of interest, we use the equation used for the interest compounded monthly follows:

A = Amount after time period 'T' = $100,000
P = Principal amount = $50,000
R = rate of interest = ?
n = Number of times interest applied per time period = 1 (annually)
T = time period = 10 years
Putting values in above equation, we get:

Calculating the rate of interest in percentage:

Hence, the rate of interest is 7.18 %