Within this cluster, you'll find that most of the careers require in order to have the knowledge and skills nee. If you're thinking about a career as an applied mathematician, you should consider researching the (STEM, Information Technology, or ArtsA/V Technology and preforming arts) cluster.
Answer:
Break-even point (dollars)= $80,000
Explanation:
Giving the following information:
Variable costs:
Direct materials $1.50
Direct labor 1.20
Variable overhead 0.90
Variable marketing expense 0.40
Total variable costs= 4
Fixed costs:
The fixed marketing expense totaled $13,000
The fixed administrative expense totaled $35,000.
Total fixed costs= $48,000
The price per calendar is $10.
To calculate the break-even point in dollars, we need to use the following formula:
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 48,000/ [(10 - 4)/10]
Break-even point (dollars)= 48,000/0.6
Break-even point (dollars)= $80,000
Answer: A
Explanation: Increase the supply of loanable funds today because households with larger expected future income will save more today
We need to look at the schedule variances and cost variances to get a detailed values of the project schedule and cost performance.
Basically, a project schedule helps to show what to be done, what to utilize and when the project is due.
- The cost performance does show the financial effectiveness and efficiency of the project.
In conclusion, we definitely need to look at the <u>schedule variances</u> and <u>cost variances</u> to get a detailed values of the project schedule and cost performance.
Read more about schedule variances
<em>brainly.com/question/3521424</em>
Answer: If the government sets a price floor of $5 per bushel, Say 1000 bushels of corn are produced, of which 300 bushels are purchased by consumers, and 700 bushels by the government. The program costs the government $3500. Farmers receive $5000 in total revenue.
Explanation: A price floor is a legitimate minimum value that the government sets on a product in the market, usually to protect the suppliers/farmers. Using the ballpark values as in the answer, to estimate and explain the concept of a price floor:
Say total quantity produced is 1000 bushels of corn from which the Market demands 300 bushels. Given that the government has set a price floor at $5 per bushel; then the Government has to buy the surplus bushels of corn in the market from the farmers.
Surplus bushels = Quantity produced – Quantity purchased
1000 bushels – 300 bushels = 700 surplus bushels of corn to be purchased at $5 each by the government
Therefore: It would cost the government (700 bushels x $5 =) $3,500 to mop up the surplus in the market and pay the farmers. The 300 bushels purchased by consumers would yield (300 x $5 =) $1,500 in earnings for the farmers. Total earning by the farmers = $3500 (from the government) and $1500 from consumers) = $5000.
I hope this helps to understand the concept of price floors.
