Menlo Company distributes a single product. The company's sales and expenses for last month follow:
(a) What is the monthly break-even point in units sold and in sales dollars?

Answers

Answer 1

The monthly break-even point in units sold and sales in dollars are 12,200 units and $488,000 respectively.

The Breakeven point in units sales can be calculated using the below-mentioned formula,

\(Break−Even Point In Units Sales = Fixed Expenses / Contribution Margin Per Unit\)

Now, by using the specified values in the aforementioned calculation, we obtain,

\(Break−Even Point In Units Sales = $146,400/$12\)

= 12,200 units

To calculate the Breakeven point in dollars we first have to calculate the contribution margin ratio.

The Contribution margin ratio can be calculated using the below-mentioned formula

\(Contribution Margin Ratio = \frac{Contribution Margin Per Unit}{Selling Price Per Unit} * 100\)

Now, by using the specified values in the aforementioned calculation, we obtain,

\(Contribution Margin Ratio = \frac{12}{40} * 100\)                                    

= 30%

\(Break−Even Point In Dollars = Fixed Expenses/Contribution Margin Ratio\)

Now, by using the specified values in the aforementioned calculation, we obtain,

Breakeven point in dollars = \($146,400/30 Percent\)                                          = \($146,400/0.30\)                                          

= $488,000

Hence, The monthly break-even point in units sold and in sales dollars is 12,200 units and $488,000 respectively.

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Related Questions

When choosing where to invest your savings, you should consider: a. minimum length of investment. c. minimum investment amount. b. safety of the investment. d. all of the above factors. Please select the best answer from the choices provided A B C D

Answers

When choosing where to invest your savings, it is important to consider various factors such as the minimum length of investment, minimum investment amount, and the safety of the investment. Option D is correct.

The minimum length of investment refers to the period you are willing to commit your money to an investment before being able to access it again. Some investments may have specific lock-in periods or penalties for early withdrawal.

The minimum investment amount is the minimum sum of money required to invest in a particular investment option. Different investments have varying minimum investment requirements, and it is essential to consider if the investment aligns with your available funds.

The safety of the investment refers to the level of risk associated with it. Evaluating the safety involves assessing factors like the stability of the investment, historical performance, risk of loss, and potential for returns.

Therefore, option D is correct.

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what will I need to start a clothing shop​

Answers

You could start a website and go on from there

Answer:

Explanation:

But meanwhile his you are going to start a new clothing business you will not have much finance ( money ) but first u have to advertise to the customers .  get the customers attraction and there satisfaction , because then one customer will spread the whole news about your clothing shop to almost all the customers. which will be beneficial for you .

You will have to advertise on the tv , radio , bill boards ,  newspapers , many other marketing equipments plus u must advertise your business in a way that the customers will be willing to purchase your clothes from your clothing shop.

Then eventually you will gain more profits and will lead to profits so after sometime you can create a a online shopping like a website , because some and many customers will be willing to purchase your clothes through the online platform. which saves the customers time and transportation costs and etc.

By the way the main element is customers because without customers there will be no lead / success to your clothing shop.

Hope this answer helps you :)

Have a great day.

Mark brainliest :)

Which of the following is an appropriate front and point size selection for a business letter

Answers

Answer:

Times New Roman also remains the default font for many word processing programs. When using Times New Roman in a business letter, set the size as 12-point in order for the document to be read most easily.

Also

If you can't decide between sizes, a 12-point font is usually the reliable choice because it's incredibly common in the business world.

Explanation:

A power point can only strengthen your presentation.
True or False

Answers

Answer:

True

Explanation:

because it gives mor information

True because making a PowerPoint presentation makes you look more professional when talking about a topic

One disadvantage of using a company’s tuition reimbursement program is that _______.
a.
You may have to extend your contract with the company
b.
Your ongoing education costs will rise considerably
c.
It may decrease your job satisfaction if you become more skilled
d.
Ongoing education has been proven to decrease worker motivation

Answers

One disadvantage of using a company’s tuition reimbursement program is that you may have to extend your contract with the company.

Tuition reimbursement is offered by employers as a way to pay back employees for education expenses. The people who participated still have to pay out of pocket for the courses they take. At the end of the course, the employee can get back some or all of the tuition expenses.

Answer:

is A. You may have to extend your contract with the company

Explanation: I took the test and is right

a new government is elected and announces that once it is inaugurated, it will increase the money supply. use the dd-aa model to study the economy’s response to this announcement

Answers

An increase in the money supply can have short-term benefits, it can also lead to long-term negative consequences such as inflation.


The DD-AA model helps analyze the effects of monetary policy on the economy. In the short run, an increase in the money supply shifts the DD curve to the right. This leads to a higher output level and a lower interest rate. The shift occurs because an increase in the money supply increases the demand for goods and services, thus raising output, while the lower interest rate makes borrowing cheaper, spurring investment and consumption.
In the long run, however, the increase in the money supply will cause inflation. As prices rise, output will decrease, and the AA curve will shift left. This will lead to higher interest rates and a lower output level. Therefore, the impact of an increase in the money supply depends on whether the economy is in the short or long run.
Additionally, an increase in the money supply can lead to a depreciation of the currency, which can boost exports and reduce imports, thus increasing net exports. This can further shift the DD curve to the right.
Overall, while an increase in the money supply can have short-term benefits, it can also lead to long-term negative consequences such as inflation. The government should carefully consider the effects of such a policy and weigh the benefits against the potential drawbacks.

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8) How can using a credit card affect your credit score in a good way? In a bad way?

Answers

Answer:

Explanation:

Good way: using your credit card and paying off the balance each month and on time can increase your credit score. Also, having a large credit limit affects the credit positively

Bad way: paying your balances late or not at all is bad for your credit.

Type the correct answer in the box. Spell all words correctly.
Which customers help in the profitability and growth of an organization?
Both external and [ }customers help in the profitability and growth of an organization in a direct or indirect manner.

Answers

Answer:

Both external and Internal customers help in the profitability and growth of an organization in a direct or indirect manner.

Explanation:

External customers refer to the people who pay for goods and services. Their relationship with a business is through the purchasing of goods or services. A business produces goods and services targeting to sell them to external customers. They are also known as clients.

Internal customers are people that have a relationship with the business. They could be employees, trade partners, investors, and shareholders. Internal customers facilitate the smooth running of a business. They make it possible for a business to avail its products and services to external customers. Internal customers may buy or not buy from the business.

Answer:

internal

Explanation:

Just took test 5/5

which of the following is a guideline that marketers should follow to leverage owned, earned, and paid media? group of answer choices maximize owned media by reaching out beyond their existing websites to create digital touch points plan sales goals based on estimates of public and media relations efforts will translate into earned media don't count on paid media to play an important role in driving customer engagement focus on creating fewer digital touch points for more control over sales.

Answers

The guideline that marketers should follow to leverage owned, earned, and paid media is to maximize owned media by reaching out beyond their existing websites to create digital touch points.

This approach allows marketers to expand their online presence and engage with their target audience through various channels. By creating additional digital touch points, such as social media profiles, mobile apps, and email newsletters, marketers can increase their brand visibility, strengthen customer relationships, and drive traffic to their owned media platforms. This strategy provides marketers with more control over their messaging and enables them to cultivate a loyal customer base.

Maximizing owned media by creating digital touch points beyond existing websites is crucial for marketers because it allows them to extend their reach and engage with customers through multiple online platforms. While websites are an essential owned media asset, relying solely on them limits the potential for customer engagement.

By diversifying their digital touch points, marketers can tap into various channels where their target audience is present, such as social media platforms, mobile apps, and email marketing.

Creating additional digital touch points expands the brand's online presence and increases the likelihood of reaching potential customers. It also enables marketers to provide valuable content and experiences across multiple platforms, enhancing brand visibility and customer interactions.

By leveraging owned media in this way, marketers can establish a cohesive and online presence that drives customer engagement and supports their overall marketing goals.

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The concept of _________________ means that as the measure of output goes up, average costs of production decline—at least up to a point.
relative advantage
economies of scale
absolute advantage
comparative advantage

Answers

The concept of economies of scale means that as the measure of output goes up, average costs of production decline—at least up to a point.

Therefore, option B is correct.

Economies of scale  can be described as a concept in economics which can be regarded as the cost advantages that enterprises obtain due to their scale of operation, and are typically measured by the amount of output produced per unit of time.

It should be noted that internal and external economies of scale are distinguished. Internal economies of scale are reached when a corporation expands production while lowering costs. Outside of a company, external economies of scale exist within an industry.

Thus, external economies of scale may occur when an industry's operational range increases as a result of outside innovations. For instance, a company's costs as well as those of its industry may go down as a result of the development of a stronger transportation network. All businesses within the industry profit when external economies of scale take place.

Therefore, option B is correct.

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Which type of bankruptcy is when a person sells all their assets to eliminate their debt? Chapter 6 Chapter 7 Chapter 11 Chapter 13

Answers

The type of bankruptcy which occur wheen is when a person sells all their assets to eliminate their debt is Chapter 7.

What is Chapter 7 bankruptcy?

Chapter 7 bankruptcy can be described as the “liquidation” bankruptcy. Businesses going through this type of bankruptcy are past the stage of reorganization and must sell off assets to pay their creditors.

It should be noted that the process works much the same for individuals however the Bankruptcy do make  people who can no longer pay their debts get a fresh start by liquidating assets so that they can attend to their debts or by creating a repayment plan, in conclusion Bankruptcy laws also protect financially troubled businesses. This section explains the bankruptcy process and laws.

Therefore, option C is correct.

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Answer: it is c took the assesment and got it right

Explanation: im him

Which of the following was the most immediate cause of global economic integration in the late twentieth and early twenty-first century? a Decreases in the cost of long-distance communication and transportation b Regulation of air and water pollution in the developed world c Population growth in the developing world d Increased dependence on cheap oil from the middle east

Answers

here is the link to the question central c and b

.The supply chain norm called ___________ is embodied in the sense that even when times are challenging, we are will work things out together.
• Teamwork
• Collaboration
• Reciprocity
• Solidarity
• Collective acceptance

Answers

The supply chain norm called solidarity is embodied in the sense that even when times are challenging, we will work things out together.

Solidarity refers to a feeling of unity and mutual support among individuals or groups, especially in difficult situations.

In the context of the supply chain, solidarity is crucial for ensuring that all parties work together to overcome obstacles and ensure that goods and services are delivered in a timely and efficient manner.

This often requires teamwork, collaboration, reciprocity, and collective acceptance of responsibilities.

For example, if a supplier is experiencing delays or difficulties, other members of the supply chain may need to step in to help resolve the issue and ensure that the overall supply chain continues to function smoothly.

Similarly, if a customer is experiencing problems with a product or service, all members of the supply chain may need to work together to address the issue and prevent it from happening again in the future.

In essence, solidarity is about recognizing that we are all in this together and that by working together and supporting one another, we can overcome any challenges that come our way.

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What is 3 + 3 and 2 +2 What is 1 + 1

Answers

Answer:

3 +3 = 6

2 + 2 = 4

1 + 1 = 2

6, 4, and 2 are 3 + 3 and 2 +2,  1 + 1 respectively.

What is basic addition?

Adding at least two integers together is considered basic addition. Once they have mastered counting, students can begin learning basic addition. Students can utilize an addition chart as a learning aid by starting at the row with the first addend and working their way down to it.

The addition is a mathematical operation that combines two or more numbers to give a total or sum. The symbol for addition is "+" and the numbers being added are called addends. For example, in the equation 3 + 3 = 6, 3 and 3 are the addends and 6 is the sum. The addition is one of the four basic arithmetic operations, along with subtraction, multiplication, and division. It is used extensively in many areas of mathematics, science, engineering, and everyday life.

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hello , What are three common tools for qualitative research in business and marketing?

Answers

Answer:

they would be in-depth interviews, focus group discussions and observation over data

Explanation:

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A bank account is growing with continuous compounding at a fixed annual interest rate. the balance of the bank account doubles in 6 years. which formula could be used to find the interest rate?

Answers

The formula that can be used to find interest rate is Interest rate = (In 2) / 6.

What is the formula that can be used to determine the interest rate?

When a bank account is growing with continuous compounding, it means that both the interest accrued and the amount deposited increases continually over a specified period of time.

When the investment doubles, it means that if the future value of the investment is divided by the present value of the investment, the value would be two.

Interest rate = (In FV / PV) / number of years it would take the investment to double

Where:

FV = future value PV = present value FV / PV = 2

Interest rate = (In 2) / 6

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Match the examples with the types of goods. Please help!

Match the examples with the types of goods. Please help!

Answers

Answer:

Omar buys a snack pack of chips that he noticed while in line at the store - Convenience impulse good

Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in accident or burglary - Unsought good

Jamie goes to the store to buy toothpaste - Convenience staple good

Wanda reads review of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item - Shopping good

Adriana only buys doughnuts from her favorite local doughnut shop - Specialty good

Explanation:

I have been able to match the examples with the type of goods.

Unsought good is the good that the consumer has no knowledge of. Also, he wasn't thinking of buying such good. It is usually purchased out of fear.

Specialty good usually have specific characteristics and benefit. Therefore, the consumer has a reason for purchasing it.

Shopping good is one purchased after the consumer had compared prices, quality, etc in more than one store.

Convenience staple good is the good which is consumed regularly.

Convenience impulse good is one which entices the consumer and he makes purchase without researching or thinking.

Answer: Omar buys a snack pack of chips that he noticed while in line at the store - Convenience impulse good

Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in accident or burglary - Unsought good

Jamie goes to the store to buy toothpaste - Convenience staple good

Wanda reads review of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item - Shopping good

Adriana only buys doughnuts from her favorite local doughnut shop - Specialty good


Sometimes the government will step in when they feel the need to encourage competition in
a particular industry and to break up companies that have nearly complete control over a
particular market. What is it called when the government initiates action against companies
that appear to have too much power?










A.consumer protection
B.OSHA
C.monopolies
D.antitrust suits

Answers

When the government has to break up these big businesses with most or all control they are called monopolies but the work of the government action is D.antitrust suits

An investor holds 1 ABC Jan 80 Call. ABC splits 2 for 1. On the ex date, the holder will have:
A
1 ABC Jan 40 Call
B
1 ABC Jan 80 Call
C
2 ABC Jan 40 Calls
D
2 ABC Jan 80 Calls

Answers

When a company undergoes a stock split, the number of outstanding shares increases while the price per share decreases proportionally. In this scenario, ABC has split 2 for 1, meaning that for every one share an investor holds, they will now have two shares.

In the case of an options contract, such as the 1 ABC Jan 80 Call held by the investor in question, the terms of the contract may be adjusted to reflect the stock split. In this case, the investor will now hold 2 ABC Jan 80 Calls instead of just one.

This adjustment ensures that the investor's rights and obligations under the options contract remain unchanged after the stock split. The investor still has the right to purchase shares of ABC at the strike price of $80 until the expiration date in January, but now has two options contracts instead of one.

Overall, the stock split has not changed the value of the options contract for the investor, but has instead increased their potential for profit or loss. If the price of ABC's stock were to increase significantly, the investor now has two options contracts to exercise at the lower strike price of $80, potentially increasing their profit.

On the other hand, if the price of ABC's stock were to decrease, the investor now has two options contracts that may be worth less than the original single contract.

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200 thb280 is a subjective question, hence you have to write your answer in the Text-Field given below. (a) Discuss the price sensitivity a normal customer would be expected to display uner the followntig conditions. Explain with reasons. 6619 1. Product is a commodity [6] 2. Product is a first mover (that is the first of its kind in the market). 3. When the customer is buying a car costing Rs. 5 lakh on cash compared to a customer buying in EMI mode for five years. 4. When a car customer is buying a warranty service pack costing Rs. 2000 per year versus an insurance package costing Rs. 15000 per year. (b) A company has invested Rs. Five crores to set up a plant where it manufactures a product A whose unit cost of goods sold is Rs. 1000. The company expects to sell 100,000 units of the product over the year. If the company expects an annualized return of 20% on its investments, what would be the product's price? [2] (c) The fixed cost involved in manufacturing the product is Rs. 4 crores, and the variable cost is Rs. 500. Find the break-even point. If the item's price is Rs. 1100, find the profit generated if the sales volume is 100,000 units. Represent graphically 141

Answers

1. Product is a commodity: The price sensitivity of a normal customer would be high.

2. Product is a first mover: The price sensitivity of a normal customer would be low.

3. When the customer is buying a car costing Rs. 5 lakh on cash compared to a customer buying in EMI mode for five years: The customer buying in EMI mode for five years will be more price-sensitive.

4. When a car customer is buying a warranty service pack costing Rs. 2000 per year versus an insurance package costing Rs. 15000 per year: The price sensitivity of a normal customer will be high.

b) The product's price would be Rs. 15000.

c) The break-even point is 6,66,667 units, and the profit generated is Rs. 20,00,000.

a) 1. Product is a commodity: The product is a commodity means that it is an ordinary good that is easily available in the market, and there are many substitutes for it. It means that there is a lot of competition, and the price sensitivity will be high. Customers will look for alternatives that are available in the market, which are more affordable and provide the same benefits. Thus, the price sensitivity of a normal customer would be high.

2. Product is a first mover: The product is the first mover in the market, which means that it is a unique product that does not have any competition. Thus, the price sensitivity of a normal customer would be low. The company can set a higher price because there are no other products in the market.

3. When the customer is buying a car costing Rs. 5 lakh on cash compared to a customer buying in EMI mode for five years: The customer who buys a car on cash will be less price-sensitive than the one who buys a car in EMI mode for five years. This is because the customer who buys a car on cash has already paid for the car, and there are no monthly payments. On the other hand, the customer who buys a car in EMI mode will have to pay for the car over a period of five years. The customer will be more price-sensitive because of the monthly payments.

4. When a car customer is buying a warranty service pack costing Rs. 2000 per year versus an insurance package costing Rs. 15000 per year: The price sensitivity of a normal customer will be high in this case because the insurance package is much more expensive than the warranty service pack. The customer will look for alternatives that are more affordable and provide the same benefits.b)The unit cost of goods sold is Rs. 1000, and the company expects to sell 100,000 units of the product over the year. The total cost of manufacturing 100,000 units of

the product is Rs. 1000 x 100,000 = Rs. 100,000,000.

The company expects an annualized return of 20% on its investments. The return on investment is Rs. 5,00,00,000, and the total cost of manufacturing the product is Rs. 10,00,00,000. Thus, the price of the product will be:

P = (Total cost + Expected return) / Number of unitsP = (10,00,00,000 + 5,00,00,000) / 100,000P = Rs. 15,000c)

The total cost of manufacturing 100,000 units of the product is Rs. 4,00,00,000 + (Rs. 500 x 100,000) = Rs. 90,00,00,000. The price of the item is Rs. 1100.

The profit generated if the sales volume is 100,000 units will be:

P = Price x QuantityP = Rs. 1100 x 100,000 = Rs. 1,10,00,000.

The break-even point is the point where the total revenue is equal to the total cost. The formula for calculating the break-even point is:

Break-even point = Fixed cost / (Price - Variable cost)

Break-even point = 4,00,00,000 / (1100 - 500)

Break-even point = 4,00,00,000 / 600

Break-even point = 6,66,667 units.

The profit generated if the sales volume is 100,000 units can be calculated as follows:

Profit = Total revenue - Total cost

Profit = (Price x Quantity) - Total cost

Profit = (1100 x 100,000) - 90,00,00,000

Profit = Rs. 20,00,000.

1. Product is a commodity: The price sensitivity of a normal customer would be high.

2. Product is a first mover: The price sensitivity of a normal customer would be low.

3. When the customer is buying a car costing Rs. 5 lakh on cash compared to a customer buying in EMI mode for five years: The customer buying in EMI mode for five years will be more price-sensitive.

4. When a car customer is buying a warranty service pack costing Rs. 2000 per year versus an insurance package costing Rs. 15000 per year: The price sensitivity of a normal customer will be high.

b) The product's price would be Rs. 15000.

c) The break-even point is 6,66,667 units, and the profit generated is Rs. 20,00,000.

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The theory of ________ states that the primary obligation of business leaders is to serve the interests of stockholders by maximizing profits.

Answers

The theory of  Managerial capitalism  states that the primary obligation of business leaders is to serve the interests of stockholders by maximizing profits.

What is  Managerial capitalism?

Managerial Capitalism is known to be a system that brought a new way or system  of getting to know of the changing structure of a given economy via the introduction and behavior of a new class which are the managers.

Note that based on the above, The theory of  Managerial capitalism  states that the primary obligation of business leaders is to serve the interests of stockholders by maximizing profits.

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Managerial capitalism theory states that the primary obligation of business leaders is to serve the interests of stockholders by maximizing profits.

Managerial Capitalism introduces a new way of understanding the changing structure of the economy through the emergence and behavior of a new class that is, managers.

In the past years, managers tended to form compromises with workers. However, under neoliberalism, allegiances have shifted.

This therefore draws us to an understanding that, the theory of managerial capitalism states that the primary obligation of business leaders is to serve the interests of stockholders by maximizing profits.

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In which case would you be entitled to a tax refund?

Answers

There are several scenarios where you may be entitled to a tax refund.

One common example is if you overpaid your taxes throughout the year. This could happen if your employer withheld too much from your paychecks, or if you made estimated tax payments that ended up being more than what you actually owed. In this case, you would receive a refund for the excess amount.

Another scenario where you may receive a tax refund is if you have tax credits or deductions that reduce your tax liability below zero. For example, if you have children and qualify for the Child Tax Credit, you may be able to reduce your tax liability by up to $2,000 per child. If your tax liability is already at $0, the remaining credit amount would be refunded to you.

It's important to note that each individual's tax situation is unique, so it's best to consult with a tax professional to determine if you're eligible for a tax refund.

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The total cost (in dollars) for a company to manufacture and sell xx items per week is C=60x+60, whereas the revenue brought in by selling all x items is R=84x−0.3x2. How many items must be sold to obtain a weekly profit of $300?

Answers

To achieve a weekly profit of $300, the company must sell 60 items. This is determined by solving the profit equation, considering the cost and revenue functions provided in the problem statement.

To find the number of items that must be sold to obtain a weekly profit of $300, we need to calculate the profit function and then solve for the corresponding value of x.

The profit (P) is given by subtracting the cost (C) from the revenue (R)

P = R - C

Substituting the given expressions for revenue and cost

P = (84x - 0.3x²) - (60x + 60)

P = 84x - 0.3x² - 60x - 60

P = -0.3x² + 24x - 60

We want the profit to be $300, so we set P equal to 300:

-0.3x² + 24x - 60 = 300

Rearranging the equation and setting it equal to zero

-0.3x² + 24x - 360 = 0

Now, we can solve this quadratic equation using factoring, completing the square, or the quadratic formula. Let's use the quadratic formula:

x = (-b ± √(b² - 4ac)) / (2a)

For our equation, a = -0.3, b = 24, and c = -360. Plugging these values into the formula

x = (-(24) ± √((24)² - 4(-0.3)(-360))) / (2(-0.3))

Simplifying further

x = (-24 ± √(576 - 432)) / (-0.6)

x = (-24 ± √144) / (-0.6)

x = (-24 ± 12) / (-0.6)

This gives us two possible solutions

x = (-24 + 12) / (-0.6) = -12 / (-0.6) = 20

x = (-24 - 12) / (-0.6) = -36 / (-0.6) = 60

Since we are interested in the number of items sold, we take the positive value, x = 60.

Therefore, to obtain a weekly profit of $300, the company must sell 60 items.

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what is the three-part procedure, and how is it used in the performance of the basic manicure?

Answers

The three-part procedure is a method used in the performance of a basic manicure. It includes three main steps: preparation, treatment, and finishing.

Preparation: The first step in the three-part procedure is preparation. In this step, the manicurist cleans and sanitizes the hands and nails, removes any old nail polish, and files the nails into the desired shape.Treatment: The second step is treatment, where the manicurist applies cuticle cream or oil to soften the cuticles, pushes them back gently, and trims any excess skin or hangnails. Next, the nails are buffed and polished, and a base coat of nail polish is applied, followed by two coats of the desired color.Finishing: The final step is finishing, where the manicurist applies a topcoat of nail polish to protect the color and add shine. After the polish has dried, any excess cuticle cream or oil is removed, and the hands are massaged with lotion.

The three-part procedure is a systematic method that ensures the nails are treated thoroughly and effectively. It is used by professional manicurists to provide clients with a basic, yet comprehensive, manicure service.

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why is maximum number of person in partnership business mentioned in companies act and not in partnership act

Answers

The Companies Act and the Partnership Act are two different laws that govern different types of businesses.

The companies act and partnership act-

The Companies Act governs companies, which are separate legal entities from their owners, while the Partnership Act governs partnerships, which are not separate legal entities from their owners.

The maximum number of persons in a partnership business is not mentioned in the Partnership Act because there is no limit to the number of partners a partnership can have. However, the Companies Act limits the number of members in certain types of companies, such as private companies, to a maximum of 200 members. This is because companies are separate legal entities and the law seeks to regulate their operations to ensure that they operate in a manner that is fair and transparent to all members.

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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???

Answers

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

If wine produced in Oregon is an inferior good, higher incomes will cause: A. a decrease in the demand for wines produced in Oregon. B. a decrease in the quantity demanded for wines produced in Oregon. C. an increase in the quantity demanded for wines produced in Oregon. D. an increase in the demand for wines produced in Oregon.

Answers

Option A. A decrease in the demand for wines produced in Oregon. An inferior goods is a type of good whose demand decreases as consumers' income increases.

It is a good whose consumption is more common among lower-income households. For example, if wine produced in Oregon is considered an inferior good, when consumers' incomes rise, they will substitute it with more expensive or higher-quality wine, leading to a decrease in demand for the Oregon wine.

In contrast, normal goods have a positive relationship between income and demand, meaning that as consumers' income increases, the demand for these goods also increases.

The demand for inferior goods is usually price-inelastic, meaning that even a significant decrease in price may not lead to a significant increase in demand. However, the demand for these goods can become more elastic if there are close substitutes available in the market.

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During which part of the Product Life Cycle would a company use a profit-oriented pricing strategy?

Answers

The lifespan of a product depicts how long it remains on the market, from the moment it is first introduced to consumers until it is phased out and taken off the shelves.

What is the maturity stage of the product life cycle?

Sales declined during the mature period, a sign that the market has started to become saturated. During this phase of the product life cycle, the price also starts to become competitive. The profit margins become slimmer as a result.

In most life-cycle situations, profits normally reach their greatest level during the early growth stages, but sales often reach their peak during the mature stages.

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______ refers to the firms' ownership of its production of needed inputs or of the channels by which it distributes its outputs.

Answers

Vertical integration refers to the firm's ownership of its production of needed inputs or of the channels by which it distributes its outputs.

By vertically integrating, a firm seeks to gain more control over its supply chain, reduce dependency on external parties, and capture additional value within the production and distribution process.

For example, a company may vertically integrate backward by acquiring or owning its suppliers, ensuring a reliable and cost-effective supply of raw materials or components. Alternatively, it can vertically integrate forward by owning distribution channels or retail outlets, allowing direct access to customers and better control over product distribution.

Vertical integration can offer several benefits, such as cost savings, improved coordination, quality control, increased market power, and enhanced efficiency. It can streamline operations, reduce transaction costs, eliminate middlemen, and enable better synchronization between different stages of the value chain.

However, vertical integration also carries risks and challenges, including increased capital investment, complexity in managing diverse operations, potential conflicts of interest, and reduced flexibility in responding to market changes.

Overall, vertical integration represents a strategic decision by a company to extend its ownership and control over the production and distribution processes, with the aim of gaining competitive advantages and maximizing operational efficiencies.

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Poomima is working for an advertising firm making $ 60,000 per year but considers starting her own advertising company. Poornima has determined that to launch the business, she needs to invest

Answers

Poornima's total explicit cost per year is $285,000. Poornima's total cost per year, considering both explicit costs and the opportunity cost, is $345,000.

To calculate Poornima's total explicit cost per year, we need to consider the annual costs of running the business:

Rent of office space: $70,000

Employee wages: $210,000

Materials and utilities: $5,000

Total explicit cost per year:

= Rent + Employee wages + Materials and utilities

= $70,000 + $210,000 + $5,000

= $285,000

Therefore, Poornima's total explicit cost per year is $285,000.

To calculate Poornima's total cost per year, we need to consider both explicit costs and the opportunity cost of quitting her current job:

Total cost per year = Total explicit cost per year + Opportunity cost

Opportunity cost:

Poornima's current job salary: $60,000

Total cost per year:

= $285,000 + $60,000

= $345,000

Therefore, Poornima's total cost per year, considering both explicit costs and the opportunity cost, is $345,000.

The complete question is:

Poornima is working for an advertising firm making $60,000 per year but considers starting her own advertising company. Poornima has determined that to launch the business, she needs to invest $100,000 of her own funds. The annual cost of running the business will include $70,000 for the rent of the office space, $210,000 for employee wages, and $5,000 for materials and utilities. Poornima plans to manage the business, which means that she will have to quit her current job. Suppose that the interest rate (or rate of return) on investments in the economy is 6%.

Poornima's total explicit cost per year is

Poornima's total cost per year is

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