Answer:
$124,440
Explanation:
Given a monthly principal and interest payment of $679, over the 30 year period, Naomi would have paid back
$679 * 30 year * 12 months in a year
= $244,440
With a loan amount of @120,000, the interest portion of the total repayment is therefore = total repayment less the loan amount
= $244,440 - $120000
= $124,440.
Answer:
(1) Short run - (A)
(2) Immediate run - (B)
(3) Long run - (C)
In a short run, all the changes occur in an economy are for shorter time period and buyers have little time to respond to these changes. Hence, the demand curve is elastic in nature.
In an immediate run, there will be no time for the consumers to respond to the changes occur in an economy. Suppose there is an increase in the prices of the goods, as a result there will no changes occur in the quantity demanded. Hence, the demand curve is inelastic, means that there is no effect on quantity demanded.
In a long run, there is enough or more than enough time for the consumers to respond to the changes. Hence, the demand curve is elastic in nature.
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Answer and Explanation:
The computation is shown below:
1. The selling price per unit is
Particulars Quantity Selling price Total per composite unit
per unit
Windows 7 $113 $791
Doors 3 $253 $759
Total $1,550
2. The variable cost per unit is
Particulars Quantity Variable cost Total per composite unit
per unit
Windows 7 $69 $483
Doors 3 $181.50 $544.50
Total $1,027.50
The contribution margin per unit is
= Selling price - variable cost
= $1,550 - $1,027.50
= $522.50
3. The break even point is
= Fixed cost ÷ contribution margin per unit
= $469,625 ÷ $522.50
= 898.80 units
4. The number of unit is
Particulars Quantity Variable cost Total per composite unit
per unit
Windows 7 $898.80 $6,291.60
Doors 3 $898.80 $2,694.40
Total $8,988
Answer:
Seemingly the most suitable answer is D. Paying too much attention to customer needs.
Explanation:
Ever heard the impression too much of anything is too bad? That's the case here. When too much attention is given to the customer need, the process of development get stagnated in one point and the company loses the track of their ability to produce such a "perfect" product.
The company should consider their financial.capacity and resources availability as well.
