Answer:
The answer is C. (1,-3)
Step-by-step explanation:
The contribution margin per unit is $ 1.50
The contribution margin is the percentage of a product's sales revenue that isn't consumed by variable costs and goes toward paying the firm's fixed expenses.
One of the main components of break-even analysis is the idea of contribution margin.
Labor-intensive businesses with few fixed expenses tend to have low contribution margins, whereas capital-intensive, industrial businesses have more fixed costs and, thus, higher contribution margins.
According to the question,
Total expenses per unit = $(5.50+3.00+1.50+4.00+2.50+2.00+1.00+0.50)
= $ 20
Selling Price per unit = $ 21.50
Thus, contribution margin per unit = $ (21.50 - 20)
= $ 1.50
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Answer:
51 × 5 = L
L = $255
Step-by-step explanation:
First, we can have "L" equal the amount of money Lee saved.
L = amount of money Lee saved
If Jessi saved 5 times as much, <u>you can find out how much money Lee saved by multiplying how much Jessi has by 5</u>.
Jessi has $51, so the equation would be <u>51 × 5 = L</u>
51 × 5 = 255
So, Lee has $255 saved.
Answer:
She will earn $392 in interest over this 4-year period.
Step-by-step explanation:
The formula for simple interest is i = p*r*t, where p is the principal, r is the interest rate as a decimal fraction, and t is the number of years.
Here i = $1400(0.07)(4) = $1400(0.28) = $392
She will earn $392 in interest over this 4-year period.
