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3 years ago

How are wealth and savings related?

Business

1 answer:

galben [10]3 years ago

5 0

Answer:

Wealth is an abundance of money and if you are good with your savings are a way you can get wealth

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if we sell pizzas for $11.99 and our business' variable costs are 60% of the selling price, and we have fixed costs of $21,000 e

Daniel [21]

Answer:

4375 pizzas have to sell to breakeven.

Explanation:

Given:

If we sell pizzas for $11.99 and our business' variable costs are 60% of the selling price, and we have fixed costs of $21,000 each month.

Now, to find pizzas to sell to breakeven.

Fixed costs = $21,000.

Sale price = $11.99.

Variable costs:

60% of the selling price.

$60\%\ of\ 11.99\\=\frac{60}{100}\times 11.99 =0.6\times 11.99\\=\$7.19.$

Now, to get the number of pizzas to sell to breakeven we put formula:

Breakeven = Fixed Costs ÷ (Sale price – Variable costs )

$Breakeven=21,000\div (11.99-7.19)$

$Breakeven=21,000\div 4.8$

$Breakeven=4375.$

Therefore, 4375 pizzas have to sell to breakeven.

3 0

4 years ago

Campbell, a single taxpayer, earns $400,000 in taxable income and $2,000 in interest from an investment in State of New York bon

Artist 52 [7]

Answer: Campbell will owe $115,858.25 in federal income tax this year computed as follows:

$115,858.25= $45,353.75+ 33% x ($400,000 - $186,350)).

Campbell's average tax rate is 28.96 percent.

Average Tax Rate = TotalTax / TaxableIncome = $115,858.25 / $400,000 = 28.96

Campbell's effective tax rate is 28.82 percent.

Effective tax rate = TotalTax / TotalIncome = $115,858.25 / ($400,000 + $2000) = 28.82

Campbell is currently in the 33 percent tax rate bracket. Her marginal tax rate on deductions up to $213,650 will be 33 percent. However, her marginal tax rate on the next $5,100 of income will be 33%, and income earned over $405,100 will be 35 percent. Income earned in excess of $406,750 will be taxed at 39.6%.

3 0

3 years ago

Best Deals, Inc. has 10 units in ending merchandise inventory on December 31. The units were purchased in November for $160 each

MrMuchimi

Answer:

$1,600

Explanation:

Best deals incorporation has a total of 10 units in the ending merchandise inventory on December 31

The units were bought in the month of November at a price of $160 for each unit

The replacement cost of the item is $162

Inventory is always recorded when the cost is low

Therefore, the amount that is to be reported as the merchandise inventory can be calculated as follows

=10 units × $160

= $1,600

Hence the amount reported as the merchandise inventory on the balance sheet is $1,600

4 0

3 years ago

Suppose that the market price for a bottle of vitamins is $2.50 and that at that price the total market quantity demanded is 75,

tatiyna

Answer:

there will be 187, 500, 000 firms in the industry.

Explanation:

just multiply 2.50 with 75, 000,000 and get the answer.

6 0

3 years ago

Read 2 more answers

When the price of a bond is above the equilibrium price, there is excess ___ in the bond market and the price will ___.

Setler [38]

C. When price is too high, people are less willing to purchase the good, so demand is lower when price is higher. (Demand curve is always slopping downwards as a result). As the price is high, producers are more willing to sell their goods (I.e. bonds) which will give them more money per unit good being sold. This will result in Quantity Supplied (Qs) being greater than Quantity Demanded (Qd), and so, there is a surplus of bonds in the market. This will cause a downward pressure to apply on price, so that Qd = Qs eventually.

Hope this helps!

8 0

3 years ago