Answer:
$21976
Explanation:
When estimating the net income under the worst-case scenario, the fixed and variable cost estimates are done using positive percentage(100% + 2% = 1.02) while other cost using negative percent range (100% - 2%).
The net income under worst scenario is:
Answer:
a: fall in the price increases the total revenue.
Explanation:
Demand is elastic if a small change in price has a greater effect on the quantity demanded. Coefficient of demand is usually greater than 1.
If demand is elastic and price is reduced, the quantity demanded increases and total revenue increases.
If demand ins elastic and price is increased, the quantity demanded falls and total revenue falls.
I hope my answer helps you
Answer:
the wealth gap.
Explanation:
The difference in income between the richest and poorest citizens is called the wealth gap.
This ultimately implies that, the wealth gap is the difference between the richest and poorest citizens living in a geographical location based on the level of their assets and net worth i.e assets minus their debts.
Hence, the information generated by the government based on the wealth gap of its citizens is typically used for formulating economic policies, plan and financial budgets.
Answer:
The maximum to be paid= $84,260.023
Explanation:
<em>The maximum amount to be paid is the present value of the series of annual cash inflow discounted at the opportunity cost rate of 4% per annum.</em>
<em>This is given in the relationship below:</em>
PV = A ×( 1- (1+r)^(-n))/r )
A- annual amount receivable- 6,200. r-rate of return - 4%, n-number of years- 20
PV = 6,200 × ( 1 - (1+0.04)^(-20)/0.04)
= 6,200 × 13.5903
= $84,260.023
The maximum to be paid= $84,260.023
Answer:
$130.5
Explanation:
Breakeven point is defined as the production level at which total cost of production is equivalent to the revenues received for that good or service. The formula for breakeven point is as follows;
Breakeven units = 2,000
FC = Fixed cost = $96,000
VC = Variable cost per unit = $165,000
Total cost = Fixed cost + variable cost = 96,000 +165,000 = $261,000
SP = Selling price per unit = $261,000 /2000
Selling price per unit = $130.5