Answer:
Regular basic saving accounts
Explanation:
Rainy day fund is called a type of basic regular saving accounts. This account contains around 500 dollars to 1000 dollar It is like a payday loan. It is a type of liquid or we can say that it is like cash.
It is best in a bank account. such as saving account to pay the daily basis debts. Here people can access their money very quickly. When it is spent, you can again start to save for the future happening again.
Answer:
$1.00
Explanation:
The equilibrium price is the prevailing market price represented by the intersection of the demand and supply curve. At the equilibrium price, the quantity demanded and quantity supplied match. It means that there are no shortages or excesses in demand or supply at the equilibrium price.
From the graph, $1 is the equilibrium price. It is the intersection of demand and supply curves.
Answer:
7. $41,000
Explanation:
7. The company has $40,000 of inventory on December, it further purchased $36,000 of inventory in January. The sales in January amounted to $50,000 out of which 30% is gross profit. The cost of goods sold will be $35,000. The inventory that is destroyed by fire $41,000 ($40,000 + $36,000 - $35,000 ).
Usually to support a cause for a good reason hope this helps!
Answer:
295 units
Explanation:
The cost -volume-profits CVP concepts calculate the breakeven point by dividing fixed costs by the contribution margin per unit.
i.e., Breakeven point = Fixed cost/ contribution margin per unit.
For this company,
Fixed costs are $177,000
Contribution margin per unit
= selling price - variable costs.
=$1250 -$650
=$600
Breakeven point = $177,000 / $600
=295 units
