Answer:
Margin of safety=55.6%
Explanation:
The formula for the operating income is as folows;
operating income=Sales revenue-total cost
where;
operating income=$ 15,000
Sales revenue=S
total cost=variable cost+fixed cost
variable cost=70% of S=(70/100)×S=0.7 S
fixed cost=$12,000
replacing;
15,000=S-(0.7 S+12,000)
15,000+12,000=0.3 S
27,000=0.3 S
S=27,000/0.3
S=Answer:
Explanation:
The formula for the operating income is as follows;
operating income=Sales revenue-total cost
where;
operating income=$ 15,000
Sales revenue=S
total cost=variable cost+fixed cost
variable cost=70% of S=(70/100)×S=0.7 S
fixed cost=$12,000
replacing;
15,000=S-(0.7 S+12,000)
15,000+12,000=0.3 S
27,000=0.3 S
S=27,000/0.3
S=$90,000
Current sales=$90,000
The formula for margin of safety is as follows;
Margin of safety=(Current sales level-break even point sales level)/current sales levels
At break even,
Operating income=0
0=S-(0.7 S+12,000)
0=S-0.7 S-12,000
0.3 S=12,000
S=12,000/0.3
S=40,000
Break even sales=$40,000
replacing;
Margin of safety=((90,000-40,000)/90,000}×100
Margin of safety=55.6%
This is the full question:
Marketing researchers often use ________ by selecting a group of distributors, customers, or prospects, asking them questions, and treating their answers as typical of all those in whom they are interested.
Answer:
Sampling
Explanation:
Sampling is a method of statistical analysis where a small number of observations are used to make conclusions about the whole population. Sampling techniques include simple random sampling and systematic sampling.
So when a small group is selected as a representative of representative of the larger population, and responses from this sample is treated as feedback from the whole population it is called sampling.
Sampling is done to make quick conclusions on a large amount of data and saves resources that would have been spent getting responses from the whole population.
Answer:
The correct answer is option c.
Explanation:
Fiat money refers to the currency which is not backed by any physical assets such as gold or silver. Its value is derived from its demand and supply rather than through the value of commodity it is backed by.
Since the currency is not backed by gold, it will not be affected by the discovery of gold. Had it been backed by gold, the money supply would have increased.
Purchasing treasury securities, decreasing the required reserve ratio, decreasing the discount rate will all increase the reserves with the commercial This will lead to an increase in money supply through increased lending.
Since water is an abundant commodity, linking the value of money to water will increase money supply.
Europe has eight different companies selling devices similar to the Epi pen. If these devices were available for use in the U.S. market, you would expect price elasticity of demand to become less elastic. This would also lead Mylan to charge a lower price.
Price elasticity of demand is the ratio of the share trade in quantity demanded of a product to the proportion exchange in rate. Economists hire it to understand how deliver and call for alternate whilst a product's fee changes.
The four elements that have an effect on price elasticity of demand are availability of substitutes, if the good is a luxurious or a need, the percentage of profits spent on the best, and what kind of time has elapsed since the time the fee changed.
How is price elasticity measured?
Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a alternate in its rate. It's miles computed as the proportion change in quantity demanded or supplied divided through the percentage exchange in rate.
How does price elasticity affect call for?
Price elasticity of demand compares trade in intake to alternate in charge. Price elasticity of demand measures the trade in consumption of a terrific as a result of a exchange in rate. It's miles calculated by dividing the percent trade in consumption by means of the percentage change in price.
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