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Evgesh-ka [11]
3 years ago
9

If Revere Company expects to sell 1,250 units of its product at $12 per unit, and break-even sales for the product are $13,200,

what is the margin of safety ratio?
Business
1 answer:
djverab [1.8K]3 years ago
6 0

Answer:

Margin of safety ratio= 0.12

Explanation:

Giving the following information:

Sales= 1,250 units

Break-even point in sales= $13,200

Selling price= $12

<u>First, we need to determine the current sales in dollars:</u>

Sales in dollars= 1,250*12= $15,000

<u>Now, the margin of safety ratio:</u>

Margin of safety ratio= (current sales level - break-even point)/current sales level

Margin of safety ratio= (15,000 - 13,200) / 15,000

Margin of safety ratio= 0.12

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Low unemployment rates are often: A. an indicator that finding a job is extremely difficult. B. associated with an ability to fi
lakkis [162]

Answer:

The correct answer is letter "B": associated with an ability to find a job with relative ease.

Explanation:

Unemployment is the state in which an individual who is able and willing to join the workforce cannot find a job even if that individual is constantly looking for opportunities.  

<em>High unemployment rates are typically seen during recessions while the unemployment of a country tends to be low during economic growth. In the last scenario, mainly private investment helps to find a job to be relatively easy.</em>

7 0
3 years ago
The three key functions of sensation are, respectively, _____.
Elina [12.6K]
The answer to this question is <span>detection, stimulation, and transmission
In this context, detection refers to the capability to catch the stimuli around us. Stimulation refers to everything around us that could trigger a certain response in us, and transmission refers to transform the stimuli that received into emotional output or actions.</span>
6 0
3 years ago
Trevor Company expects sales of Product W to be 60,000 units in April, 75,000 units in May, and 70,000 units in June. The compan
Sedbober [7]

Answer:

65000 units

Explanation:

Given:

Expected sales of product W in April  = 60000 units

Expected sales of product W in May  = 75000 units

Expected sales of product W in June  = 70000 units

Inventory in hand at the end of each month = 40% of the next month's expected sale

Inventory expected at the end of the April = 40% of the expected sales in May

or

Inventory expected at the end of the April = 0.4 × 75000 = 30000 units

Therefore, the total units required in April =  Expected sales of product W in April + Inventory expected at the end of the April

or

the total units required in April = 60000 + 30000 = 90000 units

Now,

Excessive production in March (inventory) = 25000 units

Hence, the units required to be produced in April = the total units required in April - Excessive production in March (inventory)

or

the units required to be produced in April = 90000 - 25000 = 65000 units

7 0
3 years ago
Many American companies enter china through joint ventures with local firms, but china is succeeding in the United States primar
boyakko [2]

Answer:

(1) The preference of the Chinese firms to expand through outright purchase which aides them to retain key positions in order to have a firm control on the business.

(2) Chinese companies are ready to take more risk than American companies

(3) Chinese companies are more interested in opportunities to provide growth and innovation.

Explanation:A Joint venture business is  a business organisation owned by two or more persons or organisations who pull resources together in order to achieve a common goal.

The resources pulled together can be in the form of finance, expertise,infrastructures etc, a joint venture business is also another form of merger known commonly with profit making organisations.

8 0
3 years ago
Exponential Smoothing is the most common method of forecasting is the most used of all techniques according to the textbook. Dis
IRISSAK [1]

Answer:

Reasons for employing Exponential Smoothing

  • It facilitates a more efficient process to develop inventory while putting into use of a properly standardized data set.
  • It is quite easy to learn and further more applied in business and economics.
  • It gives a greater chance of generating accurate forecasts.
  • It provides significance to fresh/new observations.
4 0
3 years ago
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