Answer:
$200 persons
Explanation:
Total variable cost per person:
= Dinner (per person) + Favors and program (per person)
= $14 + $7
= $21
Total fixed cost:
= Band + Rental of ballroom + professional entertainment during intermission + Tickets and advertising
= $1,800 + $1,100 + $2,000 + $700
= $5,600
Price = $49
Contribution = Price - Total variable cost per person
= $49 - $21
= $28
1. Break-even point for the dinner-dance:
= Total fixed cost ÷ Contribution margin per unit
= $5,600 ÷ $28
= $200 persons
Once a corporation starts growing and showing potential, entrepreneurs search for equity financing.
<h2>What is financing?</h2>
The study and discipline of cash , currency, and capital assets is understood as finance. it's related to but not the same as economics, which is that the study of the production, distribution, and consumption of cash , assets, goods, and services.
Financial Difficulty refers to current or impending financial conditions that impair or may impair a provider's ability to satisfy current or future obligations.
Financial controls are the procedures, policies, and methods that a corporation uses to monitor and control the direction, allocation, and utilization of its financial resources. Financial controls are at the guts of any organization's resource management and operational efficiency.
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Answer: Option (C) is correct.
Explanation:
In a competitive market conditions, there are large number of buyers and sellers. All the firms in this market condition are selling identical products or we can say that all the goods are perfect substitutes.
Suppose if the firms earning negative economic profit then they continue to operate until the price of their goods is greater than the average variable cost and they shut down their production if the price of their goods is lower than the average variable cost.
A firm can experience normal profit, loss or supernormal in the short run.
But competitive firms cannot decreases their output to minimizes their losses.
Answer:
The correct answer is D that is Marketing Mix
Explanation:
Marketing Mix is the term which is stated as the set of tools, actions or the tactics, which a business, firm or company uses in order to promote the product in the market.
It is used in order to inform or provide the knowledge to the buyers or the prospective clients regarding the product uses, features as well as benefits.