Answer:
The Break-even annual sales= $2,222,222.22
Explanation:
<em>The break-even sales is the amount of revenue that a business must generate that would equate its total costs to total revenue. At the break even sales, the contribution is exactly to total iced cost, and the business makes no profit or loss</em>
Contribution margin ratio = (20-5)/20=75%
Break-even (units) = Total general fixed cost /(selling price- variable cost)
= 5,000,000/75%
= $6,666,666.67
The annual sales = $6,666,666.67/3 = $2,222,222.22
The Break-even annual sales= $2,222,222.22
Answer:
Specific Measurable Attainable Realistic Time-Bound
Option A is correct
If someone buys a car, he can sell it later when he needs some money. He can also sell the car if the car becomes obsolete or useless. In the leasing contract, the car will not be owned by the lessee (or the user). So, the lessee cannot sell the car but can use only for the specified period of time. Only the lessor can sell the car and get some money.
Therefore, from the given options, the benefit of the buying vs leasing is that the buyer can sell the car later to get some money back.
The act of making the decision is the part of this step of market research that makes management more confident business decisions.
<h3>What is market research?</h3>
This refers to the activity of gathering market information about consumers' needs and preferences.
Some steps of a market research includes:
- present the findings
- make the decision
- develop the research plan
- collect the information
Read more about market research
<em>brainly.com/question/24906199</em>
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Cashiers are required for handling cash and scanning an object a customer buys.
