Answer:
34%
Explanation:
( ($1,452,000 - $958,320) ÷ $1,452,000 = 34% )
Answer:
Customers
Explanation:
A customer represents either a business or an individual that patronizes an organisation's products or services especially on a regular basis.
The role of the customer is to get their needs met by getting products or services offered, while the manufacturer or service provider's benefit is to derive income or revenue from the patronage of the customers.
Therefore, the customer - vendor relationship is a relationship that is critical to the continued existence of both parties.
<u>Since, Mrs. Jones goes to visit ABC market on a regular basis (Saturdays) with other shoppers, then these shoppers are customers to ABC</u>
Answer:
The break even in dollars is $214000
Explanation:
The break even point in dollars is the amount of revenue earned that is equal to total cost and there is no profit or no loss. The break even is used to calculate the minimum revenue that should be earned by the firm to cover its total costs. The break even in dollars is calculated by dividing the fixed costs by the contribution margin ratio.
Break even in dollars = Fixed costs / Contribution margin ratio
Where, contribution margin ratio = (Selling price per unit - Variable cost per unit) / Selling price per unit
Contribution margin ratio = (220 - 74.8) / 220 = 0.66 or 66%
Break even in dollars = 141240 / 0.66 = $214000 per month
