Add the cost of the lot and the cost of the house together to get the total cost ($163,000). Next, subtract the sales price from the total cost to get the amount of loss ($10,000) he took. Finally, divide the total cost by the loss amount ($10,000 ÷ $163,000).
The definition of cost is to be valued at something or to lose. A loaf of bread costing $3 is an example of a cost. Giving up your freedom in order to grant freedom to another person is an illustration of the cost.
A company's cost is the amount of money it had to spend to create its goods or services. It is calculated as the sum that the business spends to create a specific number of a product. Simply put, it is the cash that a business spends on things like labour, services, raw materials, and other costs.
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At the break-even point, the total sales and the total cost is said to be equal. Therefore, there is no profit or loss. We set up the equation as follows:
Profit/Loss = (Unit Contribution Margin) (Units) - (Fixed Costs) = 0
Unit contribution margin is (0.20)(1.50) = 0.30
Substituting the known values gives;
0 = (0.30)(400,000) - FC
FC = (0.30)(400,000)
FC = $120,000
<span>Therefore, the total fixed costs would </span>$120,000.<span>
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Answer:
The answer is: principle of Comity
Explanation:
The principle of Comity refers to legal reciprocity between different jurisdictions. This means that one jurisdiction will extend courtesy (recognize their executive, legislative and judicial acts) to other jurisdiction within the same country or foreign nation.
Suppose the real exchange rate of 105 Japanese yen to the dollar moves to 115 yen to the dollar. The dollar has appreciated, making Japanese goods less expensive for Americans.
The nominal exchange rate (the price in dollars of one euro, for example) and the ratio of prices in the two nations are the ingredients that make up the real exchange rate (RER) between two currencies.
The cost of imported goods is significantly influenced by exchange rates. You will typically spend much more for international goods when your own currency is weaker. As a corollary, a stronger home currency may somewhat lower the cost of imports.
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