Cryptocurrencies have rapidly increased in value, utility, and appeal since they were made widely available in 2009. Investors are interested in some of them since many retailers and business owners see them as viable options for generating returns and increasing store value. Governments are attempting to determine how to impose taxes and control them.
At the start of the cryptocurrency boom, Bitcoin appeared to be without a rival. Market capitalization for the sector was dominated by Bitcoin until, in a matter of weeks, Ethereum, Ripple, and other currencies sprinted to overtake it.
Although Bitcoin remains the market leader, some analysts are questioning whether cryptocurrencies are actually currencies in light of the industry's rapid growth. Some believe that even more significant changes may be on the horizon. the hypothesis that cryptocurrencies might eventually completely replace the money.
With its programmability and adaptability, Ethereum, a component of the blockchain ecosystem, offered not just a cryptocurrency but a wide range of use cases. Companies and entrepreneurs are leveraging it to develop new goods, technologies, and services.
The Ethereum blockchain and ecosystem provide the foundation for the decentralization of money as well as the developing "metaverse," which has the potential to unite our digital and physical selves.
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Answer:
$124,200
Explanation:
Contribution margin is net of sales value and variable cost. This value is available to cover the fixed cost of the business and profit after adjusting fixed cost.
As per given data
Price = $98
Numbers of units sold = 1,800
Total Sales = $98 x 1,800 = $176,400
Variable cost = $23 x 1,800 units = $41,400
Variable marketing cost = $6 x 1,800 = $10,800
Total Variable cost = $41,400 + $10,800 = $52,200
Contribution Margin = Total Sales - Total Variable cost
Contribution Margin = $176,400 - $52,200
Contribution Margin = $124,200
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Answer:
How are fixed costs different from variable costs?Fixed costs do not change no matter how much a business produces; variable costs do change.
Explanation:
when a company decides to produce a certain commodity fixed cost and variable costs are the main costs of the company. Fixed costs are constant regardless of the amount of output a company produces . e.g insurance and rental payment while Variable cost changes or varies or with the amount of goods and services produced by a company.e.g money paid for labour.
Answer:
10 minutes
Explanation:
Data provided in the question
Reception taking time = 3 minutes
Car wash taking time = 5 minutes
Paying the cash register taking time = 4 minutes
Returning to car and leaving taking time = 2 minutes
So, the theoretical flow time in minutes is
= Reception taking time + maximum time of car wash and paying the cash register + returning to car and leaving taking time
= 3 minutes + 5 minutes + 2 minutes
= 10 minutes
