Answer:
$2,553,191
Explanation:
The formula to compute the break even point in dollars amount is presented below:
= (Fixed cost ) ÷ (Profit volume ratio)
where,
Fixed cost = $300,000
And the profit volume ratio would be
= (Contribution margin) ÷ (Sales) × 100
We assume the sales be 100%
So, the variable cost is
= 88.25%
And, the contribution margin is
= 100 - 88.25
= 11.75%
So, the break even sales would be
= $300,000 ÷ 11.75%
= $2,553,191
Answer:
Refinance and Consolidate
Answer:excellent customer service can make or mar business
Explanation:
Quick response: ability to respond to clients enquiries or complaint or even suggestion and most especially on time sensitive issues.
Know your customers: interact with your clients, remember their names and your previous discussion with them so that when you see them again you can continue if it warrants it.
Try to satisfy your customers: Do all possible best to satisfy your customers, with that he/she can refer you to someone else when been treated well. In the long run it builds happy customers.
Substitute goods are those goods which as a result of change in market conditions such as changes in price can replace one another for example mountain water and natural water. They are goods with positive cross elasticity demand unlike the complementary goods (goods that are used together). In this case, if the price of mountain water decreases, the fall in price shifts the demand curve for natural water leftward. This means there will be an increased demand for mountain water and a decreased demand of natural water.