The Copy Center can purchase a new copier for $15,000. It would last for 3 years and have a salvage value of $3,000. Depreciatio
2 answers:
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Answer:
Explanation:
<u>The first step</u> will be get the contribtuion margin:
800,000 - 6000,000 = 200,000
This is the amount after variables cost used to pay the fixed cost and make a gain.
Second, we calcualte the contribution margin ratio
200,000/800,000 = 0.25
Per dollar of sales 25 cents are available to pay the fixed cost.
Now, we calculate the break even point in dollars
Answer:
the price will grow to $ 507,571.77 If it continues with the same grow rate
Explanation:
first we solve for the rate:
2006 - 1895 = 111 years
r = 0.06
Now we apply this rate for the year 2040:
2040 - 2006 = 34 years
Principal 70,000.00
time 34.00
rate 0.06000
Amount 507,571.77