Answer:
See the explanation below.
Explanation:
Magic Realm, Inc. Contribution Income Statement for last year
Details Total ($) Per Unit ($)
Sales revenue (47,500 × $67) 3,182,500 67
Variable cost (47,500 × $47) <u>(2,232,500)</u> <u>(47)</u>
Contribution 950,000 20
Fixed expenses <u>(855,000)</u>
Net operating expenses <u>95,000</u>
Answer:
The actual monthly payment is $206.08, which is slightly higher than the value given in the question, therefore, the given statement is not true.
Step by Step Explanation:
We have been given the loan amount as $12,000, term of loan as 6 years and annual interest rate as 7.25%.
Let us first find the monthly payment for this data, and then we can compare it with the given data to answer the given question.
We know that EMI formula is given as 
Upon substituting the given values.
Therefore, the monthly payment is $206.08.
Answer:
$81,000
Explanation:
The computation of the amount of opportunity cost for running her own pharmacy is shown below:
= Earning as a job + rent expenses + utilities expenses
= $50,000 + $6,000 + $25,000
= $81,000
By adding the earnings, rent expenses, and the utility expenses we can get the opportunity cost for running her own pharmacy
It is called the law of demand and supply whereby when the supply of commodity increases, the need reduces. The market becomes flooded with the items while the number of customers is constant. Moreover, when the supply of a good diminishes its demand goes up.
