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2 years ago

Millionaires are usually:

1 answer:

7 0

I believe the answer would be A, Athletes and Entertainers because if you take a look at football players and basketball players, ect., you'l see that they make a large sum of money. Entertainers such as Carrot Top or Seth Myers earn a lot of money as well, but it depends on your material and resources.

Have a great day!

-Pepetreefrogthe2nd

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Patricia is the owner of a floral shop. a successful global candle company approached her about selling its products in her shop

Tema [17]

What could mean above is that the events that is happening to Patricia's life is an opportunity. It is an opportunity for it enables a person to do the things he or she wants with the circumstances that has been given to him or her. It could be described in the scenario above as a global company approach her into selling her products to their shop in which it could make her reach the goal that she has always wanted.

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2 years ago

___ social classes do not tend to be among Whole Foods customers because of the higher prices for products.

Luden [163]

Answer:

Explanation:

Lower class can not usually afford store like this. Hence why they are called lower class

8 0

3 years ago

Read 2 more answers

Jordan routinely eats an early lunch around 11:00 am. even if there's no clock in sight, jordan can tell when it's almost 11:00

Minchanka [31]

Given that <span>Jordan routinely eats an early lunch around 11:00 am. Even if there's no clock in sight, Jordan can tell when it's almost 11:00 am because he feels hungry and wants to eat.

The explanation that accounts for this is </span>Jordan has become classically conditioned so that the time of the day, 11 AM, is a conditioned stimulus (CS) for him, triggering internal bodily changes that increase his desire to eat.

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3 years ago

When the price of good A is $50, the quantity demanded of good A is 500 units. When the price of good A rises to $70, the quanti

katen-ka-za [31]

Answer:

total revenue for 500 is $2500

total revenue for 400 is $2800

Explanation:

given data

price of good A = $50

quantity demanded of good A = 500 units

price of good A rises = $70

quantity demanded of good A falls = 400 units

solution

we get here Elasticity of demand that is express as

Elasticity of demand = (change in quantity ÷ average quantity) ÷ (change in price ÷ average price) .......................1

here

Change in quantity is = 400 - 500 = -100

and average quantity is = $\frac{400+500}{2}$ = 450

and change in price is = 70 - 50 = 20

average price is = $\frac{70+50}{2}$ = 60

so now we put all value in equation 1

Elasticity of demand = $\frac{\frac{-100}{450} }{\frac{20}{60} }$

Elasticity of demand = -0.67

as here the elasticity of demand is inelastic because elasticity is above -1

so about total revenue when price will increases as elasticity is inelastic

so increase in price will cause increase in revenue because revenue is maximum when elasticity = -1

and increase in price will cause increases elasticity in the absolute term and revenue will increase

total revenue = price × quantity

total revenue for 500 = 500 × 5 = $2500

total revenue for 400 = 400 × 7 = $2800

5 0

3 years ago

has a monthly target operating income of $ 15 comma 000. Variable expenses are 70% of sales, and monthly fixed expenses are $

seraphim [82]

Answer:

Margin of safety=55.6%

Explanation:

The formula for the operating income is as folows;

operating income=Sales revenue-total cost

where;

operating income=$ 15,000

Sales revenue=S

total cost=variable cost+fixed cost

variable cost=70% of S=(70/100)×S=0.7 S

fixed cost=$12,000

replacing;

15,000=S-(0.7 S+12,000)

15,000+12,000=0.3 S

27,000=0.3 S

S=27,000/0.3

S=Answer:

Explanation:

The formula for the operating income is as follows;

operating income=Sales revenue-total cost

where;

operating income=$ 15,000

Sales revenue=S

total cost=variable cost+fixed cost

variable cost=70% of S=(70/100)×S=0.7 S

fixed cost=$12,000

replacing;

15,000=S-(0.7 S+12,000)

15,000+12,000=0.3 S

27,000=0.3 S

S=27,000/0.3

S=$90,000

Current sales=$90,000

The formula for margin of safety is as follows;

Margin of safety=(Current sales level-break even point sales level)/current sales levels

At break even,

Operating income=0

0=S-(0.7 S+12,000)

0=S-0.7 S-12,000

0.3 S=12,000

S=12,000/0.3

S=40,000

Break even sales=$40,000

replacing;

Margin of safety=((90,000-40,000)/90,000}×100

Margin of safety=55.6%

7 0

3 years ago