Answer: Here in this particular case, people prefer and enjoy both eating fresh fish with tartar sauce and lobster with drawn butter.
Given : A hurricane destroys most of the fishing boats on the Macro Islands but leaves the lobster traps untouched.
Therefore, there will be a bountiful supply of Lobster.
whereas;
Fishing requires boat and since they are decimated, therefore there will be decrease in supply.
Hence, <u><em>people will demand more of "drawn butter" in order to compliment lobsters.</em></u>
Answer:
Q= TFC/(SP-VC)
Break Even Point in Units = 1116.67 ≅1117
Explanation:
Dilts Company
Sales price $630,
Variable costs per unit $380,
Contribution Margin 300
Fixed costs $335,000
The Mathematical Equation
Q= No of units
Total Revenue= TR
Total Cost = TC
Total Fixed Costs= TFC
Variable Costs= VC
Sales Price = SP
Total Revenue= TR= Price Per unit * No Of units = SP * Q
Total Cost = TC = Total Fixed Costs + Variable Costs ( Number of Units)=
TC= TFC + VC*Q
Now according to break even the total revenue must equal the the total costs
TR= TC
SP*Q= TFC + VC*Q
On re arranging the above equation
SP*Q- VC*Q= TFC
Q(SP-VC)= TFC
Q= TFC/(SP-VC)
Number of Units=Total Fixed Costs/Sales Price- Variable Costs
b) Break Even Point in units = Fixed Costs/ Contribution Margin per unit
Break Even Point in units = Fixed Costs/ (Sales- Variable cost)
Break Even Point in Units = $335,000/ 300= 1116.67 ≅1117
Answer: The question did not include the options. The answer is Union Representatives
Explanation: The Question with the options should be:
The pilots of various U.S. airlines are threatening to strike unless they receive wage increases. The pilots belong to a union. Which of the following would most likely negotiate an agreement with airline management?
A) union representatives
B) employee supervisors
C) government agencies
D) individual employees
The right answer is A ---- Union representatives
This is because Since the pilots belong to a union then Negotiation with management would be with the Union Representatives rather than individual pilots where the Union would present the concerns of the pilots to the management so as to resolve issues.
Answer:
$343,000
Explanation:
Given:
Annual income of Jim = $70,000
Amount of life insurance using Easy Method
According to the Easy Method of life insurance, a person has to take 70% of his annual income and multiply it with 7 to get a minimum amount of Life insurance for his family.
According to Easy method Jim's Life insurance amount is $343,000
Computation:
(Annual income)(70%)(7)
($70,000)(0.7)(7)
$343,000