Answer:
PV= $30,111.98
Explanation:
Giving the following information:
Future value= $60,000
Number of periods= 8
Interest rate= 9%
<u>To calculate the initial investment, we need to use the following formula:</u>
FV= PV*(1+i)^n
<u>Isolating PV:</u>
PV= FV/(1+i)^n
PV= 60,000 / 1.09^8
PV= 30,111.98
The selling price per unit less the variable cost per unit is the contribution margin per unit.
<h3>What is the contribution margin per unit.?</h3>
This is the term that is used to refer to the selling price that was used for the sale of a particular good minus the variable cost that was employed in the production of that particular good. It is the contribution that is made towards the payment of the fixed costs.
Hence we can say that The selling price per unit less the variable cost per unit is the contribution margin per unit.
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Answer:
<em>A. Big steel, a metal manufacturer that has negligible market share in a slow-growing industry</em>
Explanation:
Answer:
It would be A) Raina is correct because the loan is a line of credit.
Explanation:
Answer:
The variable cost per mile is $1.50
The fixed cost element is $2,261
Explanation:
The computation of the fixed cost and the variable cost per hour by using high low method is shown below:
Variable cost per hour = (High Total cost - low total cost) ÷ (High miles driven - low miles driven)
= ($15,011 - $13,503) ÷ (8,500 - 7,495)
= $1,508 ÷ 1,005 hours
= $1.50
Now the fixed cost equal to
= High operating cost - (High miles driven × Variable cost per hour)
= $15,011 - (8,500 × $1.50)
= $15,011 - $12,750
= $2,261
