Answer: 0.89
Explanation:
Income elasticity is used to measure the change in the demand for a good when the income of a consumer changes.
It is calculated by;
= Change in demand / Change income
Income rose by 90% and demand rose by 80%.
Income elasticity is;
= 80/90
= 0.89
The overarching purpose of credit risk analysis is to: Group of answer choices Quantify potential credit losses Determine a company's optimal capital structure Identify credit opportunities Provide information to banks about credit losses
Answer:
Identify credit opportunities
Explanation:
The main goal of credit risk analysis is to identify the potential risks of lending out to a particular customer, whether it is a person or a firm.
In other words, is to identify whether a person or firm is credit worthy. From this concept of credit worhiness, we can affirm that the purpose of credit risk analysis is essentially to identify credit opportunities, since from the fact of finding out that a potential customer is credit worthy, a credit opportunity is created. (the loan is made to the credit worthy customer).
A pharmacy has determined that a healthy person should receive 70 units of
proteins, 100 units of carbohydrates and 20 units of fat daily. If the store carries
the six types of health food with their ingredients as shown in the table below,
what blend of foods satisfies the requirements at minimum cost to the
pharmacy? Make a mathematical model for the given problem.
Answer:
Explanation:
69
What is wrong with this sentence? The report applies to western Europe, where people are interested in these exports.
The issue with the sentence is that : The sentence is grammatically correct, but it is unclear what "these exports" refer to
What is wrong with this sentence?The sentence is grammatically correct, but it is unclear what "these exports" refer to. To improve clarity, the sentence should be revised to provide more context or specificity about the exports in question.
For example: "The report applies to western Europe, where people are interested in buying cars from Japanese manufacturers."
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What is demand? In your own word
Answer:
Explanation:
Demand in business is the desire of consumers to purchase goods and services at the given prices.
QUESTION 4: PRICING Based on your knowledge of Pricing Strategies, recommend a pricing mix that has the best pricing mix ice Mix 1: • Price MX 2 se Sale Price: $19,500 id-tier Sale Price: $24,55 lly-Loaded Sale Price: 4,999 Price Mix 2: Base Sale Price: $20,000 Mid-tier Sale Price: $25,000 Fully-Loaded Sale Price: $30,000 Price Mix 3: Base Sale Price: $22,000 Mid-tier Sale Price: $24,00 Fully-Loaded Sale Price: $28,999
Price Mix 2 is recommended as the best pricing mix strategy. It includes three price tiers: a base sale price of $20,000, a mid-tier sale price of $25,000, and a fully-loaded sale price of $30,000.
The best pricing mix
This pricing mix caters to different customer segments by offering varying levels of features and benefits at different price points. It allows customers to choose a product based on their budget and desired features, increasing the likelihood of conversion and customer satisfaction.
The balanced pricing structure provides options for both price-sensitive customers and those willing to pay more for additional features. Overall, Price Mix 2 maximizes revenue potential by attracting a wider customer base and potentially facilitating upselling opportunities.
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All leaders tend to share several common characteristics.
O True
O False
Answer:
O True
Explanation:
Bill was severely injured when he was hit by a car while jogging. He spent one month in the hospital and missed three months of work because of the injuries. Total medical costs were $54,000. Bill received the following payments as a result of the accident:
His employer-provided accident insurance reimbursed him for $43,200 of the medical costs and provided him with $3,800 in sick pay while he was out of work.
A private medical insurance policy purchased by Bill paid him $10,800 for medical costs.
His employer gave Bill $7,200 to help him get through his re-habilitation period.
A separate disability policy that Bill had purchased paid him $3,800.
How much gross income does Bill have as a result of the payments received for the accident?
Answer:
$11,000
Explanation:
In order to calculate gross income for the payments received as a result of the accident, we will consider the amount provided by Bill's employer as a result of being out of work and add it with money provided for rehabilitation process.
In this case, the sick during out of work is $3,800 and amount for rehabilitation period help is $7,200. Hence, the gross income is $11,000.
Note: The medical reimbursement are not taxable and are therefore not calculated as an individuals gross income.
YOUR TASK. Revise the following sentences to unbury the verbs.
41. After investigating, the fire department reached the conclusion that the blaze was set intentionally.
42. Our committee promised to give consideration to your proposal at its next meeting.
43. When used properly, zero-based budgeting can bring about a reduction in overall costs.
44. Did our department make an application for increased budget support?
45. The budget committee has not taken action on any projects yet.
46. Homeowners must make a determination of the total value of their furnishings.
The revision of the sentences to unbury the verbs is:
41. After the investigation, the fire department reached the conclusion that the blaze was set intentionally.42. Our committee promised to give consideration to your proposal at its next meeting.43. When used properly, zero-based budgeting can bring about a reduction in overall costs.44. Did our department make an application for increased budget support?45. The budget committee has not taken action on any projects yet.46. Homeowners must make a determination of the total value of their furnishings.What is a Verb?This is an action or doing word which is used to show action and is one of the important parts of speech in the English language.
When a verb is buried, then the function in the sentence is unclear and obscure, but by placing them properly and changing the form in which they appear in the sentence.
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Drag the tiles to the correct boxes to complete the pairs.
Match the cost or benefit with the appropriate spending decision.
Tiles
making Impulse purchases
using credit cards
obtaining a loan for a major purchase
using your savings account money
Pairs
can result in crushing interest expenses
can help in an emergency
does not require planning
establishes good credit
Answer:
here
Explanation:
Rundle Company is considering the replacement of some of its manufacturing equipment. Information regarding the existing equipment and the potential replacement equipment follows.
Existing Equipment Replacement Equipment
Historical cost $ 109,000 Market price $ 110,000
Operating expenses* 120,000 Operating expenses* 111,000
Salvage value 29,000 Salvage value 11,000
Market value 40,000 Useful life 8 years
Book value 35,000
Remaining useful life 8 years
*The amounts shown for operating expenses are the cumulative total of all such expected expenses to be incurred over the useful life of the equipment.
Required
Calculate the total relevant cost of existing equipment and the potential replacement equipment. Should the equipment be replaced?
Based on the historical cost of the existing equipment to Rundle Company, the total relevant cost of existing equipment would be $131, 000.
The total relevant cost of the potential replacement equipment would be $210, 000.
The equipment should not be replaced because cost of the replacement equipment will be more than the cost of the existing equipment.
How to find the cost of the equipment?The total relevant cost of the existing equipment can be found by adding the operating costs and the market value and then deducting the salvage value. This is because the historical cost is no longer relevant.
The total relevant cost is therefore:
= Operating expenses - Salvage value + Market value
= 120, 000 - 29, 000 + 40, 000
= $131, 000
The total relevant cost of the potential replacement equipment would be calculated using the historical cost because this would be the same as the market price. This is because the equipment is yet to be purchased.
The total relevant cost is:
= Historical Cost + Operating expenses - Salvage value
= 110, 000 + 111, 000 - 11, 000
= $210, 000
The total relevant cost for the existing equipment is less than that of the potential replacement so the equipment should not be replaced.
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Inspectors are responsible for what:
A. Making rules and regulations
B. Choosing where businesses can operate
c. Enforcing rules and regulations
D. Making employment laws
Opposing Claims Quick Check
What does it mean for a claim to be debatable?(1 point)
Question 1
A It can be proven true or false.
B It is based on facts that cannot be refuted.
C It can be supported with evidence.
D It is something people could have differing opinions about.
2
A Why is it important to address opposing arguments when writing an argument?(1 point)
B It shows why the opposing argument should not be considered by your readers.
C It strengthens your claim because you have a chance to explain why it is invalid.
D It shows that your opinion on the topic is the best opinion.
E It convinces people that you have done a lot of research on your topic.
3
A What does it mean to refute an opposing argument?(1 point)
B to show that you are an expert on the topic you are writing about
C to provide reasons why it is wrong
D to support the argument with facts and examples
E to explain your claim in detail
Use the sentence to answer the question.
Claim: Middle school students should be provided with an outdoor recess as part of the school day.
Which sentence includes an opposing claim?
(1 point)
There is not enough time in the school day for middle school students to be allowed a large amount of free time.
Most teenagers do not get enough exercise and should be given the opportunity to get exercise while at school.
Research shows that middle school students would prefer to spend time socializing with their friends outside of school hours.
Students who have time to relax in the middle of the day are more focused and perform better in their studies.
Answer:
1)D 2)C
Explanation:
(I took the test got a 100%)
1) what makes something debatable is when others have different opinions about it.
2)when you explain what they other persons claim is and then show how it wrong then it makes ur claim look like a better on to agree with
Answer:
i am from connexus i just took the quick check here are the correct answers
Explanation:
1. D. it is something people could have differing opinions about.
2. C. it strengthens your claim because you have a chance to explain why it is invalid
3. C. to provide reasons why it is wrong
4. There is not enough time in the school day for middle school students to be allowed a large amount of free time.
i hope this helps and please let me know if it does
Assuming no change in the nominal wage and a significant increase in human capital, the output per worker will
(A) increase and the real wage will decrease
(B) increase and the real wage will increase
(C)decrease and the real wage will decrease
(R) decrease and the real wage will increase
(E) increase and the real wage will remain unchanged
Assuming no change in the nominal wage and a significant increase in human capital, the output per worker will increase and the real wage will increase
What happens Assuming no change in the nominal wage and a significant increase in human capitaHuman capital investment increases demonstrate workers becoming more skilled, knowledgeable and productive; in turn this should result in higher output per worker at no change to nominal wage;
this increase should then cause real wages (i.e. the purchasing power) to also rise as workers are now producing more valuable output per hour worked; which in turn leads to both greater output as well as compensation increases due to human capital investment resulting in both increased output as well as compensation levels for workers.
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where should you take the temperature of shredded pork in a hot-holding pan?
Place the pork shoulder fat side up on the top rack, cover with the lid, and cook at 225°F to 250°F for a consistent time, using the vents to control the temperature.
Although smoking a whole hog shoulder for pulled pork may appear scary, it is the simplest of the BBQ Big Three (brisket, ribs, and pulled pork) to master and is a fantastic method to refine your smoking abilities.
You'll need to get a digital barbecue thermometer if your grill doesn't include a temperature indicator. Every hour, check the grill's internal temperature. To keep the temperature and smoke consistent, add more charcoal and wet wood chips as needed.
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Benefits of Digital Communication
This activity is important because the Internet has created tremendous opportunities for companies to forge relationships with consumers and business customers, target markets more precisely, and even reach previously inaccessible markets around the world. Digital communication offers a completely new dimension in connecting with others. There are five characteristics that distinguish digital from traditional communication: addressability, interactivity, accessibility, connectivity, and control. This exercise explores the meaning of these characteristics and how they enhance marketing.
The goal of this activity is to demonstrate your understanding of both digital media and digital marketing, as well as demonstrate the role of digital marketing and social networking in today’s business environment. Roll over the items to read the hints. Match the company actions to the correct characteristic.
a. Procter & Gamble
b. Marketers at Apple
c. Benjamin Moore & Co.
d. NASCAR
e. Apple’s website
1. Addressability
2. Interactivity
3. Accessibility
4. Connectivity
5. Control
Answer:
1.C.Benjamin Moore & Co.
2.A.Procter & Gamble
3.D.NASCAR
4.B.Marketers at Apple
5.E.Apple's website
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The correctly matched company actions and their characteristic:
Addressability - Benjamin Moore & Co.Interactivity - Procter & GambleAccessibility - NASCARConnectivity - Marketers at AppleControl - Apple’s websiteWhat are the benefits of Digital Communication?The act of communicating information from one person to another through digital equipment is known as digital communication. A text message or email can be sent, or it might be more complicated like using social media or video conferencing. Communication is more crucial than ever in today's digital environment.
Digital communication has several advantages, including the capacity to interact with individuals from all over the world and the capacity to communicate more effectively and efficiently. Digital communication can present certain difficulties, too, including the possibility of misunderstandings and the requirement for strong cyber security. This is crucial for companies who wish to promote their products or services.
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Compared with diversification based on intangible resources, diversification based on financial resources is: a. less imitable and more likely to create value on a long-term basis. b. more imitable and less likely to create value on a long-term basis. c. less imitable and less likely to create value on a long-term basis. d. more imitable and more likely to create value on a long-term basis.
Answer:
b. more imitable and less likely to create value on a long-term basis.
Explanation:
In Finance, diversification can be defined as an investment technique that focuses on distributing capital or portfolio across various investments.
Basically, the aim of adopting a diversification is to lessen or mitigate the degree of uncertainty of the portfolio by enhancing its high long-term returns.
Diversification helps financial experts or investors to complement or annul the losses associated with an asset class by the benefits of another asset class in a portfolio.
Compared with diversification based on intangible resources, diversification based on financial resources is more imitable or copied by rivals in the industry and less likely to create value on a long-term basis.
Diversification based on intangible resources, includes intellectual property, brand recognition, human resources, patents, customer lists, trademarks, copyrights, and goodwill etc.
Diversification based on financial resources, includes shares, money, bond, gold, debentures, checks, and promissory notes.
I WILL GIVE BRAIN
After seviewing the technical skills required to perform tasks in the manufacturing industry, do you think these skills are
more or less important than the interpersonal skills we discussed in previous units?
Can anyone explain the popularity of the Types of housing in the UK for me?
Explanation:
Save
There are numerous different types of residential properties to be found throughout the United Kingdom. However, not all may be suitable for your unique requirements. Let’s take the guesswork out of the picture by listing all of the most common variants as well as the bespoke aspects of each. You can then make an informed and educated decision at the appropriate time.
It is currently estimated that there are more than 25 million residential properties throughout the United Kingdom. From detached homes and flats to bungalows and cottages, you have a host of amazing options at your disposal. There is still no doubt that finding the most appropriate structure for your needs can be a bit tricky. Let us examine these and other variants in greater detail. What are the advantages of specific properties? What does each have in store? How will price come into play? These important questions deserve a great deal of attention if you hope to obtain the insight and clarity required to make the best choice possible.
Detached Houses
As the name already suggests, detached houses do not share any walls with a separate structure. They also tend to have both front and back gardens. Associated with a greater degree of privacy when compared to other variants, these units are often ideal solutions for those who have children. The median price for a detached house (at the time that this article was written) is £242,286. If you are curious to know the worth of your property, feel free to use our online house valuation tool at your disposal.
Semi-Detached Houses
As the name suggests, the only major difference between a detached house and a semi-detached property is that semi-detached homes share at least one wall with an existing structure that is separately owned. Not only does this save a great deal of space, but these variants are also noticeably cheaper when compared to fully detached houses. This is why the average 2018 value of these structures was £225,674. The only possible concern is that semi-detached houses do not offer the same level of privacy as their detached alternatives.
Terraced Housing
These are actually some of the most well-known and iconic housing types within the United Kingdom. Terraced houses are connected by a single wall on either side; leading to a literal “row” of structures that occupy a street. The main advantage here is that this type of construction saves a great deal of space. This is why they are quite popular within urban districts where land is at a premium. The prices of these properties are also somewhat lower due to the fact that front or back gardens are sometimes absent from their design (although some may contain small front yards). According to government figures compiled in January 2018, the average price for a terraced home is £194,167.
End-of-Terrace Houses
The only main difference between end-of-terrace houses and the terraced counterparts mentioned previously is that these structures are found at the terminal of a row of homes. In other words, only one wall is shared with an adjacent structure. This is why such houses are often found at the end of a road or on a cul-de-sac. This is also the reason why end-of-terrace homes are priced slightly higher. Some studies have found that these structures cost as much as 18 per cent more than normal terraced homes.
Flats
There is no doubt that flats are by far the most well-known types of homes in the UK. Often being offered as a series within a single building, flats are known for their space-saving qualities as well as their convenience. These structures can either be rented on a contractual basis or purchased (the former is quite common). Flats are ideal for single individuals or those with small families due to the fact that they are often much more affordable when compared to detached or semi-detached houses. In fact, the average rental price of a flat (taking into account both urban and rural locations) is approximately £650. Purchase prices will naturally vary and if you would like to get a better idea of what flats have recently sold for in your area, take a look at our sold house price tool.
Converted Flats
The name for these types of residential properties is actually a bit of a misnomer. Converted flats are often houses that have been split into two sections; a top and bottom half. Either of these can be considered a flat while the other portion is normally where the owner resides. Please note that larger structures can be divided into multiple sections (such as individual bedroom-bathroom combinations) which can be rented separately. Depending upon the property in question, converted flats may or may not offer front and back gardens. The price of these locations fluctuates; depending upon issues such as the age of the property, its overall size and the cost of renting a section out to a customer.
What does excludability mean for goods and services?
The good or service is subject to the free-rider problem
An excludable good or services availability to one consumer can be affected by another consumer
The good or service had a higher social cost than private cost
An excludable good or service’s availability is dependent on payment
Considering the options available, what excludability means for goods and services is that:
"An excludable good or service’s availability is dependent on payment."
This is because the excludable good or service is a type of good that is available only to people who can pay for it.It is often referred to as private goods.Thus, people who can not afford or pay for excludable goods and services won't have access to them.Hence, in this case, the correct answer is option D "An excludable good or service’s availability is dependent on payment."
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Answer for Economics class : An excludable good or service's availability is dependent on payment.
:)
a strategy through which a firm collaborates with one or more companies to expand its operations is called:
Answer would be Strategic alliances
A company has total assets of $150,000; total liabilities of $50,000 and total equity of $100,000. What is this company’s debt-to-equity ratio?
Answer:
150,000-50,000÷ 100,000= 1 ratio
Unscramble the vocabulary word from Chapter 18: genrocis
The vocabulary word from Unscramble term genrocis is Cosigner.
With the help of a word unscrambler, you may input all the letters you have in your possession, and the tool will reorganize them to show all conceivable word combinations. Some might be concerned that this is a cheating method.
When a borrower fails not to repay a loan as promised, a co-signer agrees to be held accountable for the debt. If you want to buy a big item, like a car, but you can't get a loan on your own, you could consider getting a co-signer. Cosigner is a person responsible for payment of the loan if you do not pay as promised.
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The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 3,000 liters in beginning work in process inventory (30% complete). During the period 71,000 liters were completed. The ending work in process was 5,000 liters (70% completed). All inventories are costed by the first-in, first-out method. What is the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the process
Answer:
73,000 units
Explanation:
Equivalent units
Focus on the work done during the production period when using FIFO.
Direct materials = 68,000 + 5,000 = 73,000 units
therefore,
the total equivalent units for direct materials (using the FIFO method is 73,000 units
Suppose you are a human resource professional at a company setting up work
teams for production and sales. Explain at least four legal requirements which need
to be embedded in your pay structure to support this new work arrangement.
If I were a human resource professional at a company setting up work teams for production and sales, the four legal requirements that need to be embedded in my pay structure to support this new work arrangement are:
The nation's minimum yearly salary.State minimum wage is paid.Minimal wage for the employees.A flat wage for the position.What will the legal requirements be about?A group incentive plan is a form of compensation that bases pay on the collective performance of a team and emphasizes cost-cutting, productivity growth, and achieving organizational objectives.
I supposedly work in human resources for a company that organizes work teams for sales and production and I would suggest the below point to encourage this new work arrangement:
Teams that are unable to function independently are provided group incentive plans. They are only able to function in teams, and the job itself necessitates it.Learn more about human resource professional from
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Laser World's income statement reported total revenues, $850,000 and total expenses (including $40,000 depreciation) of $720,000. The balance sheet reported the following: Accounts Receivable-beginning balance, $50,000 and ending balance, $60,000; Accounts Payable- beginning balance, $22.000, and ending balance,$28,000. Therefore, based only on this information, the net cash flows from operating activities were
A) $126,000.
B) $166,000.
C) $166,000
D) $174,000
E) $186,000
The income statement is one of the essential financial statements for a company. It displays a company's revenues, expenses, gains, and losses over a specific period (often a year). Revenues are any funds earned from the sale of goods or services, while expenses are any costs incurred to produce those products or services.
Gains and losses, on the other hand, refer to how the company got or lost money in different ways. Depreciation, for example, is a common gain or loss on the income statement.A balance sheet is another essential financial statement. A balance sheet shows what a business owns (its assets), what it owes (its liabilities), and the equity the shareholders have in the business (its shareholders' equity).
To calculate the net cash flow from operating activities, you need to add depreciation expenses to the net income and subtract any increases in current assets and increases in current liabilities from the result. The sum of these is the cash generated by operating activities (or net cash flow from operating activities).Here are the balance sheet figures:Accounts Receivable-beginning balance, $50,000; ending balance, $60,000.Accounts Payable-beginning balance, $22,000; ending balance, $28,000.
Here is the income statement: Total revenues, $850,000.Total expenses (including $40,000 depreciation), $720,000.To calculate the net cash flows from operating activities, we need to start with the company's net income, which is $130,000 ($850,000 revenue minus $720,000 total expense). Then we add back in the $40,000 depreciation expense since it was subtracted as an expense. This gives us $170,000. Finally, we subtract the increases in Accounts Receivable and Accounts Payable.
This gives us $4,000 for Accounts Receivable ($60,000 minus $50,000) and $6,000 for Accounts Payable ($28,000 minus $22,000).As a result, the net cash flows from operating activities are $166,000. Therefore, the correct option is B. $166,000.
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During civil lawsuit, proceedings regarding alcohol, service courts will try to determine if the
During civil lawsuit proceedings regarding alcohol service, courts will try to determine if the designated driver was present and remained sober.
How do courts determine the presence and sobriety?During civil lawsuit proceedings involving alcohol service, courts aim to establish whether a designated driver was present and this determination is crucial in cases where establishments or individuals are being held accountable for over-serving alcohol to a patron who later caused harm or injury due to impaired driving.
The court may consider various forms of evidence such as witness testimonies, surveillance footage, receipts indicating non-alcoholic purchases or the designated driver's own account of their sobriety. It court may evaluate the credibility and reliability of the designated driver's actions and statements throughout the relevant time period.
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If a person buys goods from a minor, he/she holds only voidable title to
those goods. *
True
False
Answer:
True
Explanation:
Campbell Manufacturing intends to start business on January 1. Production plans for the first four months of operations are as follows:January 8,000 unitsFebruary 20,000 unitsMarch 28,000 unitsApril 28,000 unitsEach unit requires two pounds of material. The firm would like to end each month with enough raw material to cover 25 percent of the following month’s production needs. Raw material costs $7 per pound. Management pays for 40 percent of purchases in the month of purchase and receives a 10 percent discount for these payments. The remaining purchases are paid in the following month, with no discount available.a. Prepare a purchases budget for the first quarter of the year in units, in total, and in dollars.Note: Do not use a negative sign with your answers.January February March QuarterUnits produced Pounds per unit x 2 x 2 x 2 x 2Pounds needed EI in pounds Total required Less BI Pounds to purchase Cost per pound x $7 x $7 x $7 x $7Total cost of RM b. Determine the budgeted payments for purchases of raw material for each of the first three months of operations and for the quarter in total.PaymentsJanuary February March QuarterJanuary purchases February purchases March purchases Total
Answer:
k'Poliuykukkkkkk
Explanation:
Explain how each of the following groups are economically interdependent.
a. merchants, apartment units, city hall
b. courthouse, hospital, merchants
Economic interdependence is the relationship between two people, organisations, religions, companies, regions, or nations.
What does economic interdependence mean?where each is dependent on the other for the provision of essential commodities and services.Economic interdependence is a term used to describe a measurement of the value of economic transactions between two countries or between a country and the rest of the globe, which may be scaled to total national production or a measure of total financial assets.Economic interconnectedness has the advantage of fostering economic growth in both more and less developed countries.BEIJING — The two nations' economic interdependence has reached an unprecedented level as a result of the rapid expansion of bilateral commerce and the growing economic linkages between Germany and China over the past 20 years, a report released on Tuesday revealed.To learn more about Economic refer to:
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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price
Units in beginning inventory
Units produced
Units sold
Units in ending inventory
Variable costs per unit:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative expense
Fixed costs:
Fixed manufacturing overhead
Fixed selling and administrative expense
The total gross margin for the month under absorption costing is:
$
$
$
$
143
e
2,820
2,770
50
47
23
14
11
$95,880
$19,390
The total gross margin for the month under absorption costing is $16,120.
What is the total gross margin?Total variable cost per unit:
Direct materials cost per unit = $44Direct labor cost per unit = $19Variable manufacturing overhead per unit = $13Variable selling and administrative expenses per unit = $12Total variable cost per unit:
= Direct materials cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit + Variable selling and administrative expenses per unit
= $44 + $19 + $13 + $12
= $88
Total fixed costs:
Fixed manufacturing overhead = $85,260Fixed selling and administrative expenses = $16,440Total fixed costs:
Fixed manufacturing overhead + Fixed selling and administrative expenses
= $85,260 + $16,440
= $101,700
Total gross margin:
= (Selling price per unit - Total variable cost per unit) * Units sold - Total fixed costs
= ($131 - $88) * 2,740 - $101,700
= $43 * 2,740 - $101,700
= $117,820 - $101,700
= $16,120.
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