The break-even point is calculated as -
Break-even point (in units) = Fixed cost ÷ Contribution margin per unit
Here,
Selling price = $ 21.95
Variable cost (manufacturing costs) = $ 14.92 (since, costs bifurcation is not given, the manufacturing costs are taken as variable costs)
Contribution per unit = Selling price - Variable cost (manufacturing costs)
Contribution per unit = $ 7.03
Fixed cost (monthly) = $ 8500
Now,
Break-even point (in units) = $ 8,500 ÷ $ 7.03
Break-even point (in units) = 1,209.1 or 1210 games
The benefit of the transcontinental railroad was that it ended many risks of traveling across the country.
<h3>Why was the transcontinental railroad created?</h3>
The American railroad, was created in 1869, with an important innovation through the connection between the coasts of the Atlantic and Pacific oceans, having as benefits the expansion of commercial and passenger transport routes in America.
Therefore, the transcontinental railroad was built using mechanized technology in the 19th century, increasing the safety and speed of travel.
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Answer:
<u>Line of credit </u>
Explanation:
A line of credit refers to a mechanism of availing short term credit from banks whereby a borrower is provided with a preset limit till which funds can be availed anytime.
As the borrower repays the money borrowed, the line of credit gets restored to the previous level provided it is an open line of credit.
Line of credit specifies the maximum limit till which money can be borrowed. The rate of interest and repayment time period are decided by the lender which is usually a bank.
Borrower is usually supposed to pay interest upon the money actually borrowed and not the full limit of the line of credit.
Answer: b. gives the firm a built-in market for new securities.
Explanation:
Rights offering are issued by companies when such companies wants to generate additional capital. This may be necessary when such company wants to meet its financial obligations and therefore need extra capital.
A rights offering gives the firm a built-in market for new securities as the security holder are already aware of the company and just buys additional securities.
The term that defines the prescribed forms and practices of appropriate behavior is called etiquette.
<h3>What is etiquette?</h3>
Etiquette are behavior expected to be complied with people. It means acceptable standard of behavior in the society.
Hence, the term that defines the prescribed forms and practices of appropriate behavior is called etiquette.
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