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JulsSmile [24]
3 years ago
9

The Abner Corporation, a retail seller of television sets, wants to determine how many television sets it must sell to earn a pr

ofit of $10,000 per month. The price of each television set is $300, and the average variable cost is $100. What is the required sales volume if the Abner Corporation’s monthly fixed costs are $5,000 per month?
Business
1 answer:
horsena [70]3 years ago
3 0

Answer: 75

Explanation:

The required sales volume if the Abner Corporation’s monthly fixed costs are $5,000 per month will be:

Required sales = (Fixed cost + target profit) / (Selling price - AVC)

= (5,000 + 10,000) / (300 - 100)

= 15,000 / 200

= 75

Therefore, the required sales volume is 75.

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A group of lawyers that works at Jameson & Emerson law firm has informally agreed to explain to the interns the requirements
Marianna [84]

Answer: norms

                         

Explanation: In simple words, norms refers to the standard behavior that is expected from a group or an individual in a certain social or work environment.

Norms includes rules and procedures, which are usual and typical in nature, that guides the actions of an individual while performing the activities he or she is obligated to.

In the given case,the lawyers are also guiding the new employees how to act in certain situation hence they are teaching them norms of the organisation.

8 0
3 years ago
Cost of goods sold is characterized by the following statements
melamori03 [73]

Answer:

The interpretation of the particular context is provided in the subsection below on clarification.

Explanation:

  • The cost of the products sold has become a reporting liability on either the cash flow statement.
  • The cost of the goods offered for sale includes the cost of materials expenditures and the time to prepare such a component for selling price.
  • The cost of the goods generated is measured using gross profit. Prices of the products sold are also known as selling costs.
4 0
3 years ago
A company can purchase a maintenance, repair, and operation (mro) package that might include services from different vendors, bu
ANEK [815]

Answer:

This packaging is an example of a <u>"horizontal market".</u>

Explanation:

A businesses in Horizontal Markets have an expansive and assorted set of clients and it is available in extensive variety of industries. In horizontal market, business sells to different industries. we can consider business of coffee an example of horizontal market as we know that many people from different countries drinks coffee.

8 0
3 years ago
If all other factors are equal, what will happen to the demand if the price of a product goes down? A. Demand will go up. B. Dem
Zina [86]

Answer:

A,Because at ceteris paribus the lower the price the higher the demand and vice versa according to the law of demand.

8 0
3 years ago
Earth presently has 1.4 billion hectares of arable land, and each hectare produces between 1 and 2 tons of grain annually. What
olga nikolaevna [1]

Answer:

a) 2.1 billion tons/yr

b) 10.5 billion people

Explanation:

Given:

Total arable land = 1.4 billion

Grain produced by each hectare of land = 1 and 2 tons annually

therefore,

The average Grain produced by each hectare of land = \frac{\textup{1+2}}{\textup{2}} = 1.5 tons/yr

Therefore,

The total grain produced annually

= average Grain produced × Total arable land

= 1.5 × 1.4 billion

= 2.1 billion tons/yr

b) Sufficient grain for each people = 200 kg

Now,

1 ton = 1000 kg

thus,

2.1 billion tons = 2.1 × 10⁹ × 1000 kg = 2.1 × 10¹² kg

The number of people Earth can support = \frac{\textup{ total grain produced annually }}{\textup{Sufficient grain for each people}}

or

The number of people Earth can support = \frac{\textup{ 2.1}\times10^{12}}{\textup{200}}

or

The number of people Earth can support = 10.5 × 10⁹ people

= 10.5 billion people

6 0
3 years ago
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