To calculate the yield to maturity, we can use the formula:
Yield to Maturity = (Purchase Price - Coupon Payments) / (Par Value - Purchase Price
where:
Purchase Price =3000(priceyoupaidforthebond)
Par Value = 2200(facevalueofthebond)
Coupon Payments = (Coupon Rate x Principal) / Years to Maturity
Years to Maturity = Maturity - Issue Date
Maturity = Purchase Date + Years to Maturity
Substituting the values, we get:
Yield to Maturity = (3000 - (12% x 2200))/(2200))/(2200 - 3000
)3000)
Yield to Maturity = (1200−1200−252) / (2200−2200−3000)
Yield to Maturity = 0.18 / 0.25
Yield to Maturity = 0.72
Therefore, the yield to maturity of the bond is 7.2%.
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You can edit contents of a cell by:
Changing font type, size
Adding a fill color
Adding borders
All of the above
Answer:
All of the above
Explanation:
I took the k12 test
What does a boilermaker do?
applies marble and tile to floors, walls, and other surfaces
installs iron or steel beams, columns, and girders
assembles, installs, and repairs large containers that hold gases and liquids
repairs roofs of structures, using asphalt, metal, shingles, and other materials
Answer:
C) Assembles, installs, and repairs large containers that hold gases and liquids.
The S&P/ASX 200 Index is trading at 6449.681 and the dividend yield is 3.21%, if there are 124 days to expiry of the SPI200 contract and the continuously compounded rate of return is 3.4884%, what is the value of the equivalent physical position if 18 SPI200 contracts are purchased?
Future price refers to the predetermined price at which a particular asset or commodity is agreed to be bought or sold at a specific future date
SPI 200 contract = 124, Value of each contract = $25
Multiplying $25 by the current value of the index will give us the notional value of each
SPI contract = $25 × 6,449.681 = $161,242.025
We are given that 18 contracts are purchased so their total notional value will be $161,242.025 × 18 = $2,902,356.45
Formula to calculate the futures price:
Fi = S0e^[(r−d)×T]
Where,Fi is the futures price
S0 is the spot price
e is the base of the natural logarithm
r is the continuously compounded rate of return
d is the dividend yield
T is the time to expiry of the contract
Dividend yield = 3.21%
Continuous compounded rate of return = 3.4884%
Days to expiry of the contract = 124∴
Time to expiry of contract in years,T = (124/365) = 0.3397
Substituting the given values in the formula, we get:
F = 6,449.681e^(0.034884−0.0321)×0.3397
F = 6,462.1151
Therefore, the futures price of the SPI200 contract is $6,462.1151.∴ The value of the equivalent physical position, if 18 SPI200 contracts are purchased, is 18 × $6,462.1151 = $116,318.072 or approximately $116,318.
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A factory is considered what type of resource?
land
labor
physical capital
human capital
A factory falls under the category of physical capital, representing tangible assets and infrastructure utilized in the production process. Option C.
Physical capital refers to the tangible assets that are used in the production process to create goods or services. These assets include machinery, equipment, buildings, vehicles, and infrastructure. They are essential resources that contribute to the production capacity and efficiency of a business or organization.
A factory is a prime example of physical capital as it represents a dedicated space or facility equipped with machinery, tools, and equipment designed for manufacturing or production activities. It provides the necessary infrastructure and resources for transforming raw materials into finished products.
Factories typically house specialized equipment and machinery specific to the industry or production process they serve. This physical capital enables businesses to carry out mass production, streamline operations, and achieve economies of scale.
Physical capital is an important factor of production alongside other resources such as land, labor, and human capital. It plays a crucial role in enhancing productivity, output, and overall economic growth.
Effective management and investment in physical capital can lead to improved efficiency, cost reduction, and technological advancements in production processes.
In summary, a factory is categorized as physical capital, representing the tangible assets and infrastructure used in the production process. So Option C is correct.
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Simply Imagine wants to grow their company but is hindered by increasing labor costs and import quotas.
Simply Imagine should consider becoming a(n)
(A) countertrader (B) wholly owned subsidiary (C) strategically(D) mulimatiomnal (E) franchiser
Answer:
multinational
Explanation:
A multinational business operates in at least one other country apart from its home country. The company will have factories/ offices in different countries and its headquarters in the domicile state. The operations of a multinational are coordinated at its headquarters.
By becoming a multinational, simple imagine can expand in countries with relatively cheap labor. It will overcome the import quota challenge by operating from a country without restrictions or from the source state.
Pls asp
If there is high unemployment rate in the economy, the condition means that the economy's.
O esports are greater than imports.
o business investment is rising
O output is less than its potential.
o inflation rate is rising
PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
ABC Lumber Company has stock with these probabilities of value after five years with an initial investment of $2,000: 55% probability of a $1,800 value, 20% probability of a $2,100 value, and 25% probability of a $2,700 value. What is the expected value of the investment after five years?
A. $2,085
B. $2,000
C. $1,950
D. $1,545
Answer:
C
Explanation:
Answer:
1,950
Explanation:
Which of the following refers to the balance an account is always supposed to have?
Normal balance
Debits
Credits
Double-entry system
Answer:
Normal balance
Explanation:
Accounts are expected to have either debit or credit balance, depending on their classification. The accounting equation of Assets is equal to equity plus liabilities is the basis for account classification. Assets accounts are on one side, while accounts relating to equity and liabilities are on the other.
Accounts have normal balances if the balances at the end of a period are as expected. Assets accounts are expected to have debit balances, while equity and liabilities accounts should have credit balances.
for the past five years, a person has had a $20,000 whole life insurance policy that has a cash value clause. the person decides to surrender the policy. at the time of surrender, the person will receive
Amount calculated including premiums paid and interest on that money. Surrender value is the amount you receive after surrendering a life insurance policy.
Term insurance does not have a present value component, so there is no surrender value. Here are some examples of cash repurchase amounts:
You have $10,000 cash value in your account, a $100 cancellation fee on your policy, and an outstanding loan of $2,500. Your net profit is $7,400:
Subtract $100 and $2,500 from $10,000. Returning life insurance is another way to show that you are canceling it.When you no longer need life insurance, you can cancel (or return) it. Once returned, the policy cannot be reversed. If you need life insurance again, you will need to reapply for new insurance.
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For the past five years, a person has had a $20,000 whole life insurance policy that has a cash value clause. the person decides to surrender the policy. at the time of surrender, the person will receive A calculated amount of money which includes the premiums paid as well as the interest on that money.
How does this occur?
Some insurance plans have a language known as the valuation clause that outlines the sum of money the policyholder will get from the insurance company in the event that a covered hazard event occurs. This provision lays out a set sum that must be paid in the event that an insured property suffers a loss.In order to calculate the worth of your company's property that is being repaired or replaced following covered damage, you can use actual cash value (ACV). The replacement cost value of an item is subtracted from the ACV by insurance carriers.Once a cash value builds up, you can access it in accordance with the terms of your policy.To know more about cash value here
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in the event that a life insurance policy has lapsed, which of the following actions is not required of the policyowner before an insurance company will reinstate the policy? all back premiums must be paid interest payments on past-due premiums may be required evidence of insurability is required a new application for insurance must be established
The policyholder is required to pay all back premiums before the insurance company reinstates the lapsed life insurance policy. Here option A is the correct answer.
When a life insurance policy lapses, the policyholder may have the option to reinstate the policy by paying all back premiums and any interest owed on past-due premiums. In addition, the insurance company may require evidence of insurability, such as a medical exam, to ensure that the policyholder is still insurable.
However, a new application for insurance is typically not required in the reinstatement process. This is because the original policy is still in force, albeit lapsed, and can be reinstated as long as the policy owner fulfills the necessary requirements. A new application would create a new policy altogether, and the policy owner may not be eligible for the same coverage or premiums as before.
It is important to note that the requirements for reinstating a lapsed policy can vary depending on the specific terms and conditions of the policy and the insurance company's policies. It is always best to consult with the insurance company and review the policy documents to fully understand the reinstatement process and requirements.
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Complete question:
Which of the following actions is NOT required of the policy owner before an insurance company will reinstate a lapsed life insurance policy?
a) All back premiums must be paid
b) Interest payments on past-due premiums may be required
c) Evidence of insurability is required
d) A new application for insurance must be established
The following data relate to direct materials costs for February:
Materials cost per yard: standard, $1.91; actual, $2.04
Yards per unit: standard, 4.62 yards; actual, 4.98 yards
Units of production: 9,000
The direct materials quantity variance is
a.$6,188.40 favorable
b.$6,188.40 unfavorable
c.$6,609.60 favorable
d.$6,609.60 unfavorable
The direct materials quantity variance is B. $6,188.40 unfavorable.
What is direct materials?Direct materials are those materials and supplies that are consumed during the manufacture of a product, and which are directly identified with that product. Items designated as direct materials are usually listed in the bill of materials file for a product.
How to calculate the direct materials quantity variance?
Direct material quantity variance
= (standard quantity - actual quantity) * standard price
Standard quantity = 9,000 * 4.62 = 41,580
Actual quantity = 9,000 * 4.98 = 44,820
Direct material quantity variance
= (41,580 - 44,820) * $1.91
= $6,188.4 Unfavorable
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To pay for the new car, you've decided to start a bakery business out of your home kitchen. You have limited capital and capacity, so you need to make wise decisions about which products to bake each day. Go to the Bakery Business worksheet. Cell B1 uses a SUMPRODUCT formula to calculate profit. Carefully review the assumptions and formulas in this worksheet before entering the following Solver parameters:
Find the maximum possible profit (cell B1) by changing the values in cells C7:C10.
The working hours required (B3) must be less than or equal to the number of working hours in the day (D3).
The total cost of ingredients (B4) must be less than or equal to the available capital (D4).
For each item in the range C7:C10, the number of items baked cannot exceed the maximum capacity available per day as defined in cells F7:F10. This restriction requires four separate constraints in the Solver Parameters dialog.
The items in the variable cell range C7:C10 must be whole numbers.
There should be a total of seven constraints.
Run Solver and accept the Solver solution.
Optimal number to make each day
Birthday Cake 1
Cupcakes (dozen) 4
Cookies, Shortbread (dozen) 0
Cookies, Lemon Bars (dozen) 5
Optimal profit $ 182.75.
most appropriate, Inc. or OptimalSocial, is a social media advertising era corporation that changed into obtained by way of brand Networks in October, 2013, for $35 million. The agency become offered with the aid of fb the Grand Prize for innovation in its fb preferred advertising and marketing Developer Innovation contest on October 9, 2013, from amongst over 60 businesses getting into. choicest, Inc. modified its call from XA.internet, Inc. in 2012. at the identical time, it named Mike Greenfield to its advisory board.
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In cell N2, enter a formula using the IF function as follows to determine which work tier Kay Colbert is qualified for: a.The IF function should determine if the student's Post-Secondary Years is greater than or equal to 4, and return the value 2 if true or the value 1 if false.
This formula checks if the value in cell M2 is greater than or equal to 4. If it is, the formula returns the value 2. If it is not, the formula returns the value 1:
=IF(M2>=4, 2, 1)
Which work tier Kay Colbert is qualified for based on the number of her Post-Secondary Years, as specified in the instructions?"Assuming the student's Post-Secondary Years is in cell M2, the formula in cell N2 using the IF function to determine which work tier Kay Colbert is qualified for would be:
=IF(M2>=4, 2, 1)
This formula first checks if the value in cell M2 is greater than or equal to 4. If it is, the formula returns the value 2, indicating that Kay is qualified for work tier 2.
If it is not, meaning that Kay has completed less than four years of post-secondary education, the formula returns the value 1, indicating that Kay is qualified for work tier 1.
Overall, this IF formula provides an automated and efficient way to determine which work tier a student is qualified for based on their level of education, and can be easily applied to other individuals by simply updating the corresponding cell references.
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ebook unequal lives shao airlines is considering the purchase of two alternative planes. plane a has an expected life of 5 years, will cost $100 million, and will produce net cash flows of $30 million per year. plane b has a life of 10 years, will cost $132 million, and will produce net cash flows of $25 million per year. shao plans to serve the route for only 10 years. inflation in operating costs, airplane costs, and fares are expected to be zero, and the company's cost of capital is 12%. by how much would the value of the company increase if it accepted the better project (plane)? do not round intermediate calculations. enter your answer in millions. for example, an answer of $1.234 million should be entered as 1.234, not 1,234,000. round your answer to three decimal places.
To determine the value of the company increase if it accepted the better project (plane), we can use the net present value (NPV) method. The NPV is calculated by taking the present value of the expected cash flows from the project, subtracting the initial investment.
For plane A:
The present value of cash flows for 5 years at 12% is $104,874,280.
The initial investment is $100 million.
So the NPV is $4,874,280
For plane B:
The present value of cash flows for 10 years at 12% is $168,538,716.
The initial investment is $132 million.
So the NPV is $36,538,716
Since the NPV of plane B is greater than plane A, plane B is the better project. Therefore, the value of the company would increase by $36,538,716 - $4,874,280 = $31,664,436 million.
The answer is 31.664
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What two factors are taken into account when measuring the impact of retailing on the global economy?.
The term “global economy” refers to the network of interconnected international economic transactions that occur between various countries.
These economic activities could have either positive or negative consequences on the affected countries.The features of the world economy are as follows:Globalization: National and regional economies, civilizations, and cultures have become more intertwined as a result of the international network of trade, communication, immigration, and transportation.These processes led to the development of the world economy.made domestic economies more cohesive, which has enhanced their results.International trade there is speculation that globalization will affect it. It is the transfer of goods and services between other countries, which has also been advantageous to other countries.
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How can a person become a dentist
Explanation:
It generally takes eight years to become a dentist: four years to earn a bachelor's degree as an undergraduate and four years to earn a DDS or DMD in dental school. If you're interested in specializing, you'll also need to complete a dental residency (more on that below).
brainliest please
Explain why two indifference curves cannot intersect. If two indifference curves intersect, then O A. they violate the assumption that more is better than less. OB. a consumer will not have convex indifference curves. O c. both transitivity and the more is better than less assumptions are violoated. OD. they violate the assumption of transitivity. O E. they violate the assumption of completeness. Which of the following will cause the demand for kerosene heaters to increase? O A. An increase in the price of kerosene. OB. A decrease in the price of kerosene heaters. OC. A decrease in the price of kerosene. OD. An increase in the price of kerosene heaters.
Indifference curves are graphical representations of a consumer's preferences. They show combinations of two goods that provide the same level of utility or satisfaction to the consumer. The assumption that more is better than less means that consumers prefer more of a good to less of it. Transitivity means that if a consumer prefers bundle A to bundle B and bundle B to bundle C, then the consumer must also prefer bundle A to bundle C.
Two indifference curves cannot intersect because if they did, it would violate the assumption of transitivity. If two curves intersected, it would imply that the consumer is indifferent between two bundles of goods that are not equal, which would contradict the assumption that consumers prefer more to less. Additionally, the consumer would not have convex indifference curves, as the curve would not slope downward from left to right.
To answer the second question, a decrease in the price of kerosene would cause the demand for kerosene heaters to increase, as consumers would find it cheaper to use them. An increase in the price of kerosene heaters would likely decrease demand, as they would become more expensive relative to other options.
First, let's address why two indifference curves cannot intersect. If two indifference curves were to intersect, they would violate the assumption of transitivity. Transitivity is the principle that if a consumer prefers bundle A to bundle B and bundle B to bundle C, then they must prefer bundle A to bundle C. If indifference curves intersect, this transitivity assumption would be violated, leading to inconsistent preferences.
Now, let's discuss the demand for kerosene heaters. The demand for kerosene heaters will increase if there is a decrease in the price of kerosene heaters (Option B). This is because, as the price of kerosene heaters goes down, consumers will find them more affordable and attractive, leading to higher demand.
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an increase in the u.s. real interest rates relative to the rest of the world can be expected to...
An increase in U.S. real interest rates relative to the rest of the world can be expected to attract foreign capital inflows and appreciate the value of the U.S. dollar.
When U.S. real interest rates rise in comparison to those in other countries, it creates a relatively higher return on investments in the U.S. This attracts foreign investors seeking higher yields, leading to increased capital inflows into the U.S. financial markets. These capital inflows can have several effects on the economy.
Firstly, the increased demand for U.S. dollars from foreign investors can appreciate the value of the U.S. currency. A stronger U.S. dollar can have both positive and negative implications. On one hand, it makes imports relatively cheaper, which can lead to an increase in imports and a decrease in exports. This can potentially widen the trade deficit.
On the other hand, a stronger U.S. dollar can also help lower inflationary pressures by making imported goods cheaper, thus reducing the cost of imported inputs for businesses. This can potentially support lower domestic inflation rates.
Furthermore, the influx of foreign capital can contribute to increased investment and liquidity in U.S. financial markets, which can positively impact asset prices, including stocks and bonds.
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I will mark you as brainliest!
During the___step of the product development process a business will
likely have a fully functioning prototype of a new product.
A. product and promotion development
B. idea screening
C. post-launch review
D. business analysis
During the option B. idea screening step of the product development process a business will likely have a fully functioning prototype of a new product.
What function does a prototype serve in the creation of a product?New product development often starts with a concept study, then moves on to prototype development, actual productization, production, and post-sale support.
Prototypes are physical depictions of the various stages of development from the initial concept to the finished product. Every stage of the prototyping process provides useful information on how to produce a final design that will best serve the development project's ultimate objectives.
Note that By using prototypes, you can ensure that your final product is both safe and compliant with regulations in your sector. Cost-saving measures - Any alterations you make during the prototyping stage, whether to the product design, the materials used, or the production procedures, may enable you to reduce the price of the finished product.
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Answer: A: product and promotion development
Explanation:
list the importance of physiotherapist and dentist
Answer:
Importance of physiotherapist:
1. They help people affected by injury,illness or disability through movement and exercise,manual therapy, education and advice.
2. They maintain health for people of all ages, helping patients to manage pain and prevent diseases.
3. Manage heart and lungs problem.
4. Recover from or prevent a sports injuries.
Importance of dentists:
1. Dentists helps to keep your teeth and mouth healthy.
2. It helps to prevent from tooth decay.
3. Protects against gum diseases, which can lead to tooth decay.
Physiotherapist assist people who have been injured, ill, or disabled through movement and exercise, manual therapy, education, and advice, and the dentist help to maintain the health of your teeth and mouth.
What is the physiotherapist?Physiotherapists treat people of all ages, assisting them in regaining their range of motion after an injury or illness. They also use exercise and manual therapy to help disabled people improve their health and quality of life.
Physiotherapist assist people who have been injured, ill, or disabled through movement and exercise, manual therapy, education, and advice, physiotherapist keep people of all ages healthy by assisting patients with pain management and disease prevention.
They are differing from the Dentists, as the dentists help to maintain the health of your teeth and mouth, It aids in the prevention of tooth decay, and helps to prevent gum disease, which can lead to tooth decay.
Therefore, physiotherapist and Dentists both play the important role for the patients.
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When selling to the customer. List the things about the product that a salesperson should be prepared to discuss:
Answer:
Well it can depend on what product your selling, but the basics topics or the following-
The consumers needs
Price
Value
Warranty
Explanation:
It all varies on what item your selling.
HGD
-gjost
Why is it difficult to explain cross-country income differentials without resorting to cross-county differences in productive efficiency?
a. The capital coefficient in the production function is too large.
b. The capital coefficient in the production function is too small.
c. Technological growth rates vary too much across countries.
d. Technological growth rates vary too little across countries.
"Why is it difficult to explain cross-country income differentials without resorting to cross-county differences in productive efficiency?" implies it is difficult to explain income differences between countries without considering their differences in productive efficiency. The correct option is C, technological growth rates vary too much across countries.
What are cross-country income differentials? Cross-country income differentials are differences in income levels between countries. These differences are not just minor, but they are massive. In certain regions, the difference between the two countries is so great that people living in one country earn only a fraction of what people living in the other country earn. Productive efficiency in addition to population density and average education level, the productivity of a country's economy is determined by factors such as natural resources, capital stock, and technological advancement. Productive efficiency is a concept that measures the efficiency with which a particular economy or firm utilises its factors of production to produce a particular amount of output.
Technological growth rates vary too much across countries. In general, countries with higher productivity tend to have a higher per capita income. One of the primary reasons for differences in productivity levels across countries is technological growth rates. The speed at which countries adopt new technology and its influence on production efficiency is an important drivers of cross-country income differences. Technological growth rates vary significantly across countries, resulting in disparities in productivity levels, which in turn causes cross-country income differences.
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Mario is a skilled jet flyer that was recently hired by Meagan who is starting an airline business that allows travelers to travel to small cities at half the price of Delta Airlines flights. Which factor of production is Mario?
A . Entrepreneurship
B . Labor
C . Capital
D . Land
Answer:
B . Labor
Explanation:
Labor refers to human efforts or contribution to the production process. Human beings provide skills, knowledge, experience, energy, and time in making products or in the provisions of services. Human beings are compensated with salaries, wages, and other benefits in exchange for labor.
Marion will be employed as a pilot. Meagan requires the skills of a person to offer services to customers. Mario will be providing labor services.
the r2d2 robotics company has five million dollars worth of bonds outstansing, each of which has a face value of $1,000. the bonds have a coupon rate of 9.6%, generating payments every six months for the next 26 years until they mature. if the next best bonds of c3po communications inc. have a yield-to-maturity of 8.4%, what is the current yield on the r2d2 bonds?
The current yield of the R2D2 bonds is 9.6%, as this is the coupon rate they offer. This means that they generate payments every six months of $96, totaling $1,000 each year.
Bonds are a type of financial instrument that represents a loan made by an investor to a borrower. When an investor buys a bond, they are essentially lending money to the bond issuer, which can be a government, corporation, or other entity. In return for the loan, the bond issuer pays the investor interest at a predetermined rate over a specified period of time, usually until the bond reaches maturity.
Bonds are typically bought and sold in financial markets, and their prices can fluctuate based on a variety of factors, including interest rates, inflation, creditworthiness of the issuer, and market conditions. Bonds can be a useful investment for those seeking a relatively stable and predictable source of income, although they are not without risks, and investors should carefully consider the risks and rewards before investing in bonds.
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Banks make most of their profit by taking in deposits from individuals, lending that money to
others, and charging interest on the loans.
Truth or False
Answer:
Truth
Explanation:
A commercial bank's core business is to sell credit. They accept customer's deposits at low interest. The banks retain only a modest percentage of the deposits to cater for withdrawals. A significant portion of the deposits is used to extend loans to other customers at a higher interest rate.
The difference in the interest rate the banks offer for deposits and the interest it charges for loans(spread) constitutes profits for the banks. The bigger the spread, and the more it lends out, the more profits a bank makes.
True or false:
Global marketing strategies are essential for 21st century businesses.
Answer:
true
Explanation:
Its an easier way to get your cash
:)
If a company decreases its selling price by $5 per unit due to
an decrease in its variable labor cost of $2 per unit, the
break-even point in units will:
The break-even point has increased from 1,000 units to 1,500 units due to the decrease in the selling price by $5 per unit and the decrease in variable labor cost by $2 per unit.
The break-even point for a company is the level of sales at which total costs equal total revenues. A decrease in the selling price, combined with a decrease in variable labor cost, can change the break-even point calculation.
Let's say that the break-even point was 1,000 units at the original selling price of $20 per unit.
That would mean that total revenue would be $20,000 and total costs would be $20,000.
In this case, we can calculate the total variable costs per unit as follows: $20 - $12 = $8 (where $12 is the sum of all fixed costs and variable costs except for variable labor costs).
If the company decreases its selling price by $5 per unit and the variable labor cost is also decreased by $2 per unit, the new total variable cost per unit would be $6 (i.e., $8 - $2).
The new break-even point in units can be calculated using the following formula:
Break-even point = Total fixed costs / (Selling price per unit - Total variable cost per unit)= $12,000 / ($15 - $6) = 1,500 units
Therefore, the break-even point has increased from 1,000 units to 1,500 units due to the decrease in the selling price by $5 per unit and the decrease in variable labor cost by $2 per unit.
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Which of the following is the best definition of a liability in accounting?
A. Anything your company owes to someone besides the business
owner
O B. A debt your business owes that must be repaid during the present
accounting period
c. Anything your company owes to the business owner
D. Anything your company needs to sell during the present
accounting period
The best definition of liability is anything your company owes to someone besides the business owner (option a).
What is liability?Liabilities are future benefits that would have to be sacrificed in the future by an entity to other entities as a result of past transactions. Liabilities reduce the net worth of a company.
Liabilities are resources that have been borrowed or that are owned. They would need to be repaid at a future date. An example of a liability is debt and account payable.
Liability can be short term or long term. It is short term if it has to be paid within a year and it is long term if its duration is greater than a year or one accounting period.
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A sweatshop is an example of an ethlcal mode of production.
True or False
Answer:
False
Explanation:
You purchased 100 shares of stock value at $55 per share. The stock value increases to $85 per share what was the rate of increase?
Answer:
54.55%
Explanation:
The purchasing price is $55
Price has increased to $85.
The monetary increase = $85 - $55 = $30
As a percentage , the increase will be
=$30/$55 x 100
=0.545454 x 100
=54.5454%
=54.55%