Answer:
Profits: $297,000
Explanation:
Revenue is the money generated by a business by selling its products and services to customers. Expenses are the cost incurred in the production and selling of goods and services.
Profits arise when revenues exceed expenses.
For Malinda Auto dealership, the revenue ($895,000) exceed expenses($598,000). Therefore, the business will realize a profit.
Profit = revenue - expenses
=$895,000 -$598,000
=$297,000
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Sales price $ 8.90 per unit Variable manufacturing cost $ 3.60 per unit Fixed manufacturing cost $ 2,500 total Fixed selling and administrative cost $ 1,000 total Finch planned to produce and sell 3,000 units. Actual production and sales amounted to 3,200 units.
1) Contribution format income statement:
Sales= 8,900
Variable costs= 3,600
Contribution margin= 5,300
Fixed MOH= 2,500
Fixed selling and administrative= 1,000
Net operating income= 1,800
2) Flexible budget
Sales= 26,700
Variable costs= 10,800
Contribution margin= 15,900
Fixed costs= 3,500
Net operating income= 12,400
Answer:
In marketing
Explanation:
The Product concept is the understanding of the best features of a product which a marketer wishes to sell. Before a product is sold, it is very important that the marketer gets a proper understanding of the product. This knowledge would help him convince the customer that the product is the best and would actually meet his needs.
For producers, realizing this need of customers would help them focus on making products with superior quality that can as well meet the requirements of customers. These products should also be able to thrive in a very competitive environment.
Answer:
Real rate interest = 2.675
Explanation:
given data
nominal rate of interest = 4.35 % = 0.0435
rate of inflation = 1.63 % = 0.0163
to find out
what is the real rate of interest
solution
we get here real rate of interest that is express as
Real rate interest = (1 + nominal rate) ÷ (1 + inflation rate) - 1 ...................1
put here value we get
Real rate interest = 
- 1
Real rate interest = 1.026763751 - 1
Real rate interest = 0.026763751
Real rate interest = 2.675
