Answer:
29,394 units
Explanation:
The formula for break even point is given as Fixed cost / Contribution margin.
Where;
Contribution margin = Sales per unit - Variable cost per unit
Given that ;
Fixed cost = $194,000
Unit selling price = $14.90
Unit variable cost = $8.30
Therefore;
BEP(units) = $194,000 / $14.90 - $8.30
= $194,000 / $6.6
= 29,394 units
Answer:
B. Hypothesis
Explanation: A hypothesis is a term used in experiments or research to describe the a proposal that is made with little facts which shall be explained or proven or elaborated by the actual conduct of the experiment or research.
A HYPOTHESIS IS USUALLY STATED FOR IT TO ACT AS THE STARTING POINT OR REFERENCE FOR THE EXPERIMENT OR RESEARCH WHICH IS TO BE CONDUCTED.
Answer:
insurance agent.
the career profession who would help individual and families to manage and minimise risk would be insurance agent.
Explanation:
insurance is a field that manages protection from financial loss thus risk to it iwould be a component that they manage. insurance insurance agent would recommend the best product for individual and families according to their lifestyle and age
Answer:
2.5%
Explanation:
The Gross Domestic Products (GDP) is the measure of the total market value of all finished goods and services made within a country during a specific period.
Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.
<u>Given the following data;</u>
Number of years to double = 28
To find the growth rate, we would use the rule of 70.
Rule of 70 can be defined as a metric used to determine the time it will take to double an investment based on its growth rate. Also, it can be used to determine the economic growth by measuring the Gross Domestic Products (GDP).
<em>Mathematically, it is given by the formula;</em>
Where;
ARR is the annual rate of return in percent.
Substituting the values into the formula, we have;
ARR = 2.5%
<em>Therefore, the growth rate of the economy's GDP is 2.5%.</em>
Answer:
$64,000 for Ramer and $96,000 for Knox
Explanation:
2. The partners agreed to share income and loss based on the initial investment of the partners. Therefore, we will get first the ratio based on the initial investment that the partners had contributed.
Ramer $60,000
Knox <u>$90,000</u>
Total $150,000
Kramer 60,000/150,000 = 40%
Knox 90,000/150,000 = 60%
After we get the agreed ratio, let's compute the allocation of the income. The share of the partners would be:
Kramer $160,000 x 40% = $64,000
Knox $160,000 x 60%) = $96,000