Offering false statements in a contract is fraud in the inception. True False

A manufacturer has a monthly fixed cost of $50,000 and a production cost of $7 for each unit produced. The product sells for $16

Oxana [17]

Answer:

The manufacturer will have a c. Loss

Explanation:

The break-even point is the level of production at which the costs of production equal the revenues for a product and calculated by using following formula:

Break-even point in units = Fixed cost/(Selling price per unit-Variable cost per unit) = $50,000/($16-$7) = $50,000/$9 = 5.556 units (rounding)

The manufacturer produces and sells 3,000 units per month < Break-even point in units. Therefore, the manufacturer will have a loss

8 0

2 years ago

Read 2 more answers

As a company manager for Claimstat corporation, there is a 0.40 probability that you will be promoted this year. There is a 0.72

kipiarov [429]

Answer:

(1) If you get a promotion, what is the probability that you will also get a raise?

25% or 0.25

(2) Are getting a raise and being promoted independent events? Explain using probabilities.

yes, they are independent events because you a given one probability for getting a raise (40%) and another one for getting both a raise and a promotion (25%). If they were dependent events, the probability would be the same but they are not.

(3) Are these two events mutually exclusive? Explain using probabilities.

No they are not, again the probability of getting both a raise and a promotion is 25%.

3 0

2 years ago

You have deposited $96,780 into an account that will earn an interest rate of 15% compounded semiannually. How much will you hav

vivado [14]

Answer:

After 14 years, the compounded value of the invested amount = $733,200.27

Explanation:

What the question is asking us to find is the future value of an amount that is invested over a period of 14 years, compounded at 15% semiannually.

The formula is:

$FV= PV(1 + \frac{i}{n} )^{nt}$

where ;

FV = Future value

PV = present value (principal)

i = nominal interest

n = compounding frequency in a year

t = total number of years.

Note: for investments that are compounded annually, n = 1, because compounding is once in a year, for those compounded semiannually, n=2, because compounding is twice in a year, for compounding done quarterly, n = 4 because there are four quarters in a year and so on.

Putting, the values into the equation above;

$FV=PV(1 + \frac{r}{n}) ^{nt} \\$