Yes because you only need to look at the first decimal for problems like these and the first number you see a seven and a one and seven is greater than one
Answer: 8/33
Step-by-step explanation:
So the probability of picking a purple marble is 8/12, after that there are 11 marbles left in the box
Now the probability of picking a green marble without placing the first marble back is 4/11
So the probability of doing both is 8/12 x 4/11 = 8/33
Answer:
5.5%
Step-by-step explanation:
To find the interest rate, use the equation: I = prt
I = Interest = $6,600
p = principal = $15,000
r = rate = unknown
t = time = 8 years
Now plug the numbers into the equation.
6,600 = 15,000 * r * 8
6,600 = 120,000 * r
Now isolate the variable by dividing both sides of the equation by 120,000.
0.055 = r
Now change the rate to a percent by moving the decimal point 2 digits to the right.
5.5% = r OR r = 5.5%
Answer:
first
Step-by-step explanation:
Lumen
Managerial Accounting
Chapter 5: Cost Behavior and Cost-Volume-Profit Analysis
5.6 Break – Even Point for a single product
Finding the break-even point
A company breaks even for a given period when sales revenue and costs charged to that period are equal. Thus, the break-even point is that level of operations at which a company realizes no net income or loss.
A company may express a break-even point in dollars of sales revenue or number of units produced or sold. No matter how a company expresses its break-even point, it is still the point of zero income or loss. To illustrate the calculation of a break-even point watch the following video and then we will work with the previous company, Video Productions.
Before we can begin, we need two things from the previous page: Contribution Margin per unit and Contribution Margin RATIO. These formulas are:
Contribution Margin per unit = Sales Price – Variable Cost per Unit
Contribution Margin Ratio = Contribution margin (Sales – Variable Cost)
Sales
Break-even in units
Recall that Video Productions produces DVDs selling for $20 per unit. Fixed costs
