Major benefits of business in the local economy include a boost in employment and discretionary income in the community, tax income increases for local governments and a loyal customer base for businesses.
Answer:
Products Selling price Unit variable cost
$ $
Junior 50 15
Adult 75 25
Expert <u>110 </u> <u> 60</u>
Total <u> 235 </u> <u> 100</u>
The sales price per composite unit = $235
The contribution margin per composite unit
= Composite selling price - Composite unit variable cost
= $235 - $100
= $135
Break-even point in units
= <u>Fixed cost</u>
Contribution per unit
= <u>$114,750</u>
$135
= 850 units
Break-even point in dollars
= Break-even point in units x Composite selling price
= 850 units x $235
= $199,750
Income Statement
$
Total contribution ($135 x 850 units) 114,750
Less: Fixed cost <u>114,750</u>
Net profit <u> 0</u>
Explanation:
Sales price per composite unit is the aggregate of all the selling prices.
Contribution margin per composite unit equals composite selling price minus composite unit variable cost.
Break-even point in units is fixed cost divided per composite contribution margin per unit.
Break-even point in dollars equal break-even point in units multiplied by selling price.
Income statement is prepared by deducting the total fixed cost from the total contribution.
Answer:
The x-coordinate of the intersection point represents the number of units for which the profit is 0.
Explanation:
The given revenues function is
The cost function is
It is given that graph of both function intersect each other at (2000,8000).
Intersection point of cost and revenues function represents that the total cost and total revenue are equal.
Profit = Total revenue - Total cost
Profit = TR - TC
Profit = TR - TR (TR=TC)
Profit = 0
The x-coordinate of the intersection point represents the number of units for which the profit is 0.
x-coordinate of the intersection point = 2000
The profit is 0 if the number of units is 2000.
Answer:
In <u>politics</u>, the distinction between the working and the nonworking poor is not just about those who have jobs and those who do not, but about those who <u>deserve</u> help versus those who don’t. Supposedly, the nonworking could work but <u>choose not to</u>. <u>Sociologically</u>, however, the line between the working and nonworking poor does not mean a great deal, since families cross it often, as breadwinners gain or lose employment.
Explanation:
The reason is that the politics which is the science of governing a country, says that the poor is not the one who doesn't have any job because rich people usually have their own business which earns millions of dollars and the owners don't bother whether the profit has grown or has decreased from the previous year. So the poor is the one who needs help whether he is working or not because during recession period many middle class families usually fall below the middle class family benchmark.
Furthermore, this distinction line is often crossed by families if the breadwinner who pays the utility bills, rentals, food expenses, fees, etc gets jobless. So this distinction line is not that useful as deemed. It is also harder for the researcher to define help.
Answer:
The values include “service, access equality, respect, confidentiality and privacy, protection of intellectual property rights, literacy, technical literacy, stewardship, and professional and social obligations”
