Answer:
3200
Explanation:
im smart because i said so
Answer:
See below.
Explanation:
The formula to calculate target profit is as follows,
Target sales = Fixed costs + Target profit / contribution per unit.
Contribution = 120 - 80 = $40
For 10,000 in profits,
Target units = (50000+10000)/40
Target units = 1500 units
For 15000 in profits,
Target units = (50000+15000)/40
Target units = 1625 units
Hope that helps.
Answer:
Closed facts.
Explanation:
In a situation of close facts the action has already been taken before now, and the researcher is to analyse it and determine best course of action.
On the other hand when there is an open fact situation the action has not taken place yet, and the future action can be influenced to give a favorable result.
For example Jeremy has identified a research question that relates to a transaction that the client completed several months ago. This is a closed fact situation.
Answer:
(i) $50 and $50.03
(ii) $70
(iii) No
Explanation:
The computations are shown below:
(i). The company average cost would be
= Total cost ÷ number of graphing calculators produced
For 700 graphing calculators
= $35,000 ÷ 700
= $50
For 701 graphing calculators
= $35,070 ÷ 701
= $50.03
(ii) The marginal cost would be
= Total cost at 701st calculator - Total cost at 700th calculator
= $35,070 - $35,000
= $70
(iii) Since we see that the company has a marginal cost of $70 and paying price or marginal revenue is $60 so it will be a loss of $10 in case of sale. So, the company should not produce it.
