Answer:
OD All are signs of a serious gambling problem.
Answer:
When any company wants to sale their product without prior knowledge of the market then it's a disaster.
First thing Jack can do is "Test Marketing". If any company has no knowledge of market then fastest way to know your market is test marketing. Jack must put his sweaters in small quantity for sale at different locations. Test marketing needs to be done for whole week. Jack needs to collect the feedback from its customers too. Feedback is the way jack can know the market. Without knowing the market and customers, it's really hard to market or sale your product. Feedback from test marketing activity will actually give him market knowledge and customer's feedback.
Answer:
Contribution margin ratio = Contribution margin / Sales
Product C90B CMR = ($23,490 - $7,047) / $23,490 = $16,443 / $23,490 = 0.7 = 70%
Product Y45E CMR = ($34,800 - $13,920) / $34,800 = $20,880 / $34,800 = 0.6 = 60%
The rule, <em>the Higher the contribution margin ratio, the lower the Break-Even point. </em>So, if sales mix shifts to product C90B, overall Break-even point <u>Decreases</u>.
Because you have proof of what you payed.
Answer: $5,300
Explanation:
Private Saving refers to money that households did not consume nor pay as taxes so the formula is;
= Output - Consumption - Taxes
= 14,000 - 7,500 - 1,200
= $5,300
Public Saving refers to money that the government got as revenue but did not spend so the formula is;
= Taxes - Government Spending
= 1,200 - 1,200
= $0
Total Saving (Private + Public Saving)
= 5,300 + 0
= $5,300
