All of them. Trust me :)) I read that whole chapter in that first section
We are given
fixed cost, F = $6,660,000
sales mix:
65% sporting goods
35% sports gear
margin ratio:
30% sporting goods
50% sports gear
Now, we solve for the break even point in dollars. We use the formula
x = total fixed cost / [ price - total variable cost/price ]
Using the given values
x = 6660000 / [0.65(0.3)(6660000) + .35(0.5)(660000)]/ [(0.3)(6660000) + (0.5)(660000)]
x = $14,400,000
The breakeven point is $14,400,000
This is the sales when the revenue is just equal to the total cost of producing the products resulting to zero profit.
Answer:
No option is correct:
- A. Larry offers Curly 1 ping-pong ball for 1/4 of a hat.
- B. Curly offers Larry 1 hat for 3 ping-pong balls.
- C. Curly offers Larry 1 hat for 4 ping-pong balls.
- D. Larry offers Curly 1 ping-pong ball for 1/3 hat.
In order for Curly to win and Larry lose, Curly must offer 1 hat in exchange for 6 or more ping-pong balls.
- Option A: Larry wins 1 ping-pong ball.
- Option B: Larry wins 2 ping-pong balls.
- Option C: Larry wins 3 ping-pong balls.
- Option D: Larry wins 0.13 of a hat.
Explanation:
Opportunity costs are the benefits lost or extra costs associated to choosing one investment or activity over another alternative.
In this case, Larry can either have 1 hat or 5 ping-pong balls. Curly can have 1 hat or 2 ping-pong balls.
Answer:
1. An increase in the cost of some goods such as escalating gasoline prices.
Explanation:
The standard of living refer to a comfort level, the goods, and the material, necessities and wants that are available to a person
In case when there is a decline in standard of living so it is due to the increased in price as it reduced the purchasing power of the consumer
If the price of the goods increased, then the quantity demanded decreased as per the law of demand
Therefore in the given case, the option A is correct
Answer:
Income = $8,200
Less:
Federal tax 10% = -$820
State tax at 5.5% = -$451
FICA at 7.65% = -$627.30
Total deduction = -$1,898.30
Net pay = $6,301.70
