Answer:
The company should provide, in average, 90 jobs per month in order to break even.
Explanation:
We will assume that the variable costs are proportional to the quantity and thus VC=a*Q
the profit obtained is
profit = P*Q , (Price [$/job] * Jobs sold [jobs])
and the total costs are
total costs= FC+VC = FC + a*Q , FC=fixed costs
in order to break even the quantity sold should be enough to cover all costs, therefore
profit = total costs
P*Q = FC + a*Q → Q= FC/(P-a)
thus
Q= FC/(P-a) = $3240 / ($60/job - $24/job) = 90 jobs
True because we do put other things above each other and
Answer:
$550,000
Explanation:
Based on the information given the OPPORTUNITY COST OF RUNNING THE HARDWARE STORE will be $550,000 ($500,000+$50,000), which include the amount of $500,000 which is the cost of renting the store as well as to the cost to buy the stock while the $50,000 is her salary as an Accountant, reason been that she would QUIT HER JOB as an accountant in order for her to run the store.
Therefore the OPPORTUNITY COST will be $550,000
<span>An economic system is a system of production, resource allocation, and distribution of goods and services within a society or a given geographic area.</span>
Answer:
The answer is: C)$3,000
Explanation:
The standalone selling price is the price at which the company would sell warranty separately to its customer. In this case we need to find the stand alone price of the discount option.
We first find the difference between regular price and the discount option:
$25 - $20 = $5
Then we multiply by the possibility of the discount sale happening (60%) and the total number of goods sold with the discount option.
= $5 x 60% x 1,000 fryers
= $3,000
