Answer:
net income = $100000
Explanation:
given data
sales = $900,000
cost of goods = $600,000
operating expenses = $200,000
variable = 70%
fixed = 30%
solution
CVP income statement
sales = $900,000
total variable cost = sales - ( cost of good sold ) - (operating expenses )
total variable cost = $900,000 - ( $600,000 × 70% ) - ($200,000 × 70% )
total variable cost = $560000
and
contribution is $340000
fixed cost = ( cost of good sold ) - (operating expenses )
fixed cost = ( $600,000 × 30% ) - ($200,000 × 30% )
fixed cost = $240000
so net income is = contribution - fixed cost
net income is = $340000 - $240000
net income = $100000
Supply and demand coordinate to determine prices by working together. Supply refers to meeting the demand of something. When a business has a supply of something, they are meeting the demand of what the consumer wants to purchase. Demand is the amount of something and how badly consumers want to purchase something. The demand lets a business know how much to supply.
If the firm can increase its profit by increasing its output then the firm is not producing at where the marginal cost is equal to the marginal revenue. A profit-maximizing firm in a competitive market will produce its output at the point in which MC=MR.
Answer:
who knows??
Explanation:
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Answer:
A. items 2, 4, 7, and 8
Explanation:
As we know that the near money should also be known as the quasi-liquid money and this comprise of high liquid money not only used for the transactions as they are only part of M2 money so it cant be involved in M1 money
And, the other options are related to currency or the instruments instead having less liquidity levels
Therefore the option a is correct
