Answer:
Contribution margin ratio = 1 - variable cost ratio
= 25%
(a) 

= 1,400,000


= 25,000
(b) For profit of $42,000,


= 1,568,000


= 28,000
(c) variable cost = sales price × variable cost ratio
= $56 × 75%
= $42
New contribution margin = 
New contribution margin = 
= 0.4
= 40%


= $875,000


= 12,500
Answer:
Please consider the following explanation
Explanation:
a. EOQ = 560 units
b. 58800 units/560 units = 105 orders
c. EOQ/2 = 560/2 = 280 units (average inventory)
d. 105 orders × $4 ordering cost = $ 420
280 units × $1.50 carrying cost per unit = 420
Total costs = $840
Answer:
There is sufficient evidence to support the claim that the majority of US adults believe raising the minimum wage will help the economy
Explanation:
Please see attachment .
B) Fiscal policy requires a short and contentious legislative process