In 2009, the imaginary nation of mainland had a population of 7,000 and real gdp of 210,000. In 2010 the population was 7,300 and real gdp of 223,380. Over the year in question, real gdp per person in mainland grew by.
Answers
Real GDP per person in mainland grew by approximately 2.7% from 2009 to 2010.
Real GDP per person is calculated by dividing the real GDP of a nation by its population. Therefore, for mainland, the real GDP per person in 2009 was: Real GDP per person in 2009 = Real GDP / Population= $210,000 / 7,000= $30In 2010, the real GDP per person in mainland was:
Real GDP per person in 2010 = Real GDP / Population= $223,380 / 7,300= $30.56Thus, the growth in real GDP per person in mainland from 2009 to 2010 was: Growth in real GDP per person = [(Real GDP per person in 2010 - Real GDP per person in 2009) / Real GDP per person in 2009] × 100%= [(30.56 - 30) / 30] × 100%= 1.87% ≈ 2.7% (rounded to one decimal place)Therefore, real GDP per person in mainland grew by approximately 2.7% from 2009 to 2010.
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Related Questions
Why is it important for a human resource manager to carefully maintain
employee records?
Answers
Answer:
Certain records require employee privacy to be protected. Not maintaining and following best practices for employee record keeping leaves you vulnerable to defending yourself against lawsuits, labor investigations or audits.
Explanation:
Discuss the complexity in the contacting process and denote why
organizations take the time to use contracts.
Answers
Let's discuss the complexity in the contracting process and the reasons why organizations find it necessary to use contracts: Clarity and Protection, Complexity of Transactions, Legal Compliance, Risk Management, Changing Business Environment, Enforcement and Remedies.
Clarity and Protection: Contracts provide a clear and legally binding agreement between parties. The process of drafting and negotiating contracts helps ensure that all terms and conditions are clearly defined, reducing the likelihood of misunderstandings and disputes. Contracts serve as a form of protection by outlining the rights, obligations, and remedies of each party involved.
Complexity of Transactions: In complex business transactions, such as mergers and acquisitions, partnerships, or large-scale procurement, multiple parties with different interests and objectives are involved. Negotiating and documenting these transactions require careful consideration of various legal, financial, and operational aspects, leading to the complexity of the contracting process.
Legal Compliance: Contracts often need to comply with applicable laws, regulations, and industry standards. This adds complexity as organizations must ensure that the contract terms align with legal requirements, intellectual property rights, privacy laws, antitrust regulations, and other relevant legal frameworks. Failure to comply with these legal obligations can have severe consequences for the parties involved.
Risk Management: Contracts play a crucial role in managing risks associated with business relationships. They help allocate responsibilities, define liability, and establish mechanisms for dispute resolution. Organizations use contracts to mitigate potential risks and protect themselves from financial loss, reputational damage, or breach of confidentiality.
Changing Business Environment: As businesses operate in dynamic and evolving environments, the complexity in contracting arises due to changing market conditions, technological advancements, and emerging risks. Organizations need to adapt their contracts to address new challenges and incorporate clauses related to intellectual property, data protection, cybersecurity, force majeure, and other emerging issues.
Enforcement and Remedies: Contracts provide a legal framework for enforcing rights and seeking remedies in case of breaches or disputes. This enforcement mechanism adds complexity to the contracting process as organizations need to carefully consider the jurisdiction, choice of law, and alternative dispute resolution methods to ensure effective enforcement of contract terms.
Overall, organizations invest time in the contracting process due to the complexity involved in navigating legal requirements, managing risks, ensuring clarity, and protecting their interests. Well-drafted contracts provide a solid foundation for business relationships, minimize uncertainties, and facilitate smooth operations, ultimately contributing to the stability and success of organizations.
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How often does an employer expect you to be at work and on time? a. At least 85-90% of your work days b. Every day, except if you are feeling badly, depressed, or tired. C. At least 4 days of your 5-day work week d. Every day e. Employer is realistic, so they understand if you are absent a couple of days each month
Answers
b. Every day, except if you are feeling badly, depressed, or tired. employer
Why should you arrive at work on time?Employees that effectively manage their time will meet deadlines, become more efficient, be more profitable, and produce superior work.They'll be less pressured, which will help them advance in their careers and, ultimately, reduce the staff turnover at your company. They'll also have a higher degree of job satisfaction due to being less anxious.
How much work gets done in a day of eight hours?The typical employee only works for 4 hours, 12 minutes of their 8-hour workweek.Read on to learn what workers are doing when they are not working.Other significant results include:Internet use at work is acknowledged by 47% of employees, which renders it the most prevalent off-task activity.
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Which situation is an example of direct taxation?
O A. A government charges a bank a fee on its deposits, so banks raise
rates for customers.
B. The government charges a tax on imports, which companies pass
on in the prices they charge buyers,
C. Businesses must send a portion of their income each year to the
government
D. Stores charge sales tax on each purchase and send that money to
the government
Answers
When Businesses pay a portion of their income to the government in the form of taxes, such a situation is an example of direct taxes. Therefore, (C) is the correct option.
What is Direct Taxes?Direct taxes are paid by the citizens directly to the government without any other stakeholder in between. there are majorly two types of direct taxes, corporate Tax, and Income tax.
Businesses pay corporate tax on their income, which is a form of direct tax.
Therefore, (C) is the correct option.
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What is the investment with the lowest return and lowest risk?.
Answers
It can be easier to balance your portfolio if you are aware of the risk characteristics of each asset class.
which are the many asset classes that range in risk and return from high to low ?
Real estate constitutes the first asset class. The most risky and lucrative investment is real estate.Real estate investment trusts are one illustration (REITs).
Risks and rewards of ownership, interest rates, rents, and capital gain or loss on sales of direct holdings are all risk and return factors for real estate.
A portfolio's use of real estate serves the following purposes:
• Return generation; • Inflation protection
Foreign stocks comprise the second asset class. Medium to high risk and medium to high potential return are associated with foreign stocks.
The following factors influence risk and return for foreign stocks: ownership risks and rewards; foreign company profits.
Rates of exchange
• Foreign exchange risk
The following are some benefits of including foreign equities in a portfolio:
• Return generation
• Inflation protection
• Exposure to foreign currencies
Canadian stocks are the third asset class. Canadian stocks have a medium risk/potential return profile.
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a broker developed a website to advertise the broker's office with the brokerage's name, location, and phone number. what additional information does the broker need to include?
Answers
Since the broker already add the brokerage's name, location, and phone number on the website to advertise the broker's office; then no need for any additional disclosures. The correct answer is option D.
What is a broker?A broker is an individual or firm that acts as an intermediary between a buyer and a seller; or between an investor and a securities exchange, who buys and sells goods or assets for others. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
There are 3 types of brokers, those are: Online brokers, a new form of digital investment which interacts with the customer on the internet; Discount brokers, a stockbroker who performs buy and sell orders at a reduced commission rate; and Full-service brokers.
Although part of your question is missing, you might be referring to this full question: A broker developed a website to advertise the broker's office with the brokerage's name, location, and phone number. What additional information does the broker need to include?
A. Name and address of the home office and the states in which the brokerage holds licenses
B. License number of the brokerage and list of current active licensees
C. Names of active licensees, addresses, and phone numbers
D. No need for any additional disclosures
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What is the difference between a total and a subtotal?
Answers
Explanation:
SUB-TOTAL:
The total for a part of a list of numbers being summed.
TOTAL:
An amount obtained by addition of smaller amounts.
Answer:
subtotal is all the different parts being added together from different list.
total is the all items being added together plus tax.
Explanation:
What is the basis of effective communication? group of answer choices the interpretation of meaning transmitting a message from sender to receiver support of basic management functions consistency of meaning nonverbal feedback
Answers
Answer:
The basis of effective communication is the transmission of a message from the sender to the receiver in a way that ensures a shared understanding of its meaning.
Explanation:
Effective communication requires that the message is transmitted clearly, accurately, and concisely, and that the receiver interprets it as the sender intended. The support of basic management functions, consistency of meaning, and nonverbal feedback can all contribute to effective communication, but they are not the basis of it. Ultimately, effective communication is built on a shared understanding of the message being conveyed, and it is the responsibility of both the sender and the receiver to ensure that this understanding is achieved.
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An architect’s functions may include which of the following? (SELECT ALL THAT APPLY.)
-planning and designing houses, commercial buildings, and other structures
-ensuring worksite safety
-collaborating with engineers
-acting as a construction manager and supervising contractors
Answers
Answer:
the answer is planning, ensuring, and acting
Providing information about the performance and financial position of companies so that users can make economic decisions best describes the role of: A auditing. B financial reporting. C financial statement analysis.
Answers
Providing information about the performance and financial position of companies so that users can make economic decisions best describes the role of: Financial Reporting. The correct option is B.
Financial reporting involves preparing and presenting financial statements and other relevant information to users such as investors, creditors, and regulators.
It serves as a tool for communicating the financial health of a company to external stakeholders. The primary financial statements included in financial reporting are the balance sheet, income statement, statement of cash flows, and statement of changes in equity.
A. Auditing, on the other hand, is the process of examining and verifying the accuracy and reliability of a company's financial statements. It is usually performed by independent external auditors to ensure the credibility of the financial information provided.
C. Financial statement analysis involves the evaluation and interpretation of a company's financial statements to assess its performance, financial position, and value. This analysis helps users make informed decisions about investing, lending, or other economic activities.
In summary, financial reporting is the process of presenting financial information about a company's performance and financial position to enable users to make economic decisions. Auditing ensures the accuracy and reliability of the financial statements, while financial statement analysis helps users interpret and evaluate the information provided
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Complete question:
Providing information about the performance and financial position of companies so that users can make economic decisions best describes the role of:
A. auditing.
B. financial reporting.
C. financial statement analysis.
The U.S. government bought 112,000 acres of land in southeastern Colorado in 1968 for $17,500,000. The cost of using this land today exclusively for the reintroduction of the black-tailed prairie doga. Is zero, because they already own the land.b. Is zero, because the land represents a sunk cost.c. Is equal to the market value of the land.d. Is equal to the total dollar value the land would yield if used for farming and ranching.
Answers
Answer: c. Is equal to the market value of the land
Explanation:
When deciding the cost of using an asset such as land for something, the best cost to use is the opportunity cost of the land. What would the US Government be doing with the land if they were not turning it for use for the black-tailed prairie doga.
As there are no other alternatives, this cost will therefore be the market value of the land because this is the amount that the Government could get for the land if they sold it instead of using it for the black-tailed prairie doga.
Productivity, dependability, and responsibility are examples of skills that managers look for when determining who to promote within a company. Evaluate these three skills and another one or two that you come up with and explain how each skill could be helpful for an employee looking to get a promotion.
Answers
A dependable employee is an incredible asset to a company, as they make great coworkers, can be trusted to do their jobs. Productivity and responsibility are important aspects for the promotion.
What is a dependable employee?A dependable employee is a fantastic addition to a company because they make excellent teammates, can be trusted to execute their tasks without micromanagement, and empower others to accomplish their jobs effectively. As a result, being recognized as a dependable employee can help you stand out as an attractive prospect.
Every organization wants a productive employee who is responsible for the success of the organization as well as for his personal gains.
Being reliable implies doing what you say you'll do, when you say you'll do it. A reliable individual fosters trust by keeping himself/herself accountable and, if they lead others, their team members accountable as well.
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which principle defines how many times something repeats.
Answers
The principle that defines how many times something repeats itself is called the repetition compulsion.
This psychological principle was studied by psychoanalyst Freud as an essential component for mental analysis, as the discovery of patterns of repetitive behavior is aimed at the unconscious and instinctive search for:
pleasure and to avoid contempt.Therefore, repetition compulsion is related to repetition of behaviors in the form of dreams and neuroses in the form of the individual unconsciously seeking to assume a slightly more dominant role over an event that may have generated trauma.
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Please help me ASAP.
Answers
please help!!!!!!!!!!!
Answers
Answer:
(1) Customers rating a new car model on social media - External info
(2) Company info
(3) External info
(4) Company info
Explanation: Company information is basically explaining information abt the product or what it is they're selling. External information is the feedback or in other terms "review" on a companies item. Hope this helped <3
(The #'s are the examples in the boxes starting from left to right btw)
A bank has a required reserve ratio of 10%. If the bank has deposits of $100,000 and is holding $12,000 in reserves:.........
Answers
A bank with a required reserve ratio of 10%, deposits of $100,000, and reserves of $12,000 has excess reserves.
The required reserve ratio is the percentage of a bank's deposits that it must hold as reserves, as mandated by the central bank. In this case, the required reserve ratio is 10%. To calculate the required reserves, we multiply the deposits by the required reserve ratio:
Required Reserves = Deposits * Required Reserve Ratio
= $100,000 * 0.10
= $10,000
Given that the bank has reserves of $12,000, which exceeds the required reserves of $10,000, it has excess reserves. Excess reserves are the reserves held by a bank over and above the required reserves. They represent the funds available for the bank to lend or invest.
Having excess reserves provides the bank with liquidity and the ability to meet unexpected withdrawals by depositors. It also enables the bank to expand its lending activities, which can stimulate economic growth. However, holding excess reserves also means that the bank is not fully utilizing its resources and may miss out on potential interest income that could be earned by lending out those funds.
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true or false? an informal leader is one who is free to act?
Answers
That is the answer
distinguish between products tax and production tax
Answers
Answer:
Some examples of production taxes are land revenues, stamps and registration fees and tax on profession. Product taxes are paid on the actual volume of production. It is paid per unit of product. For example, excise duty, service tax, sales tax etc.
How long does an inquiry stay on your credit report.
Answers
Answer:
Two years
Explanation:
Hard inquiries stay on your credit reports for two years before they fall off naturally. If you have legitimate hard inquiries, you'll likely need to wait until the 24-month period is over to see them disappear. Not all hard inquiries impact credit scores.
While browsing the internet, you notice that the browser displays ads linked to recent keyword searches you performed. which attack type is this an example of?
Answers
Adware is the example of this type of attack. While browsing the internet, you notice that the browser displays ads linked to recent keyword searches you performed.
What is adware attack?Pop-up advertisements on the computer or mobile device are known as adware or advertising software. Adware has the power to turn hostile, impede the performance of the device, hijack your browser, and/or infect it with malware.
Malicious software known as "adware" lurks on the device and shows the person advertising. Some spyware tracks your online activity so that it can show you relevant advertising.
Thus, it is adware.
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Jensen was unable to meet a project deadline, and he noticed that his friend was finding it equally difficult to complete the project on time. Jensen put the blame on the management as he felt that it didn't provide the employees with adequate resources to successfully complete the project. In this scenario, Jensen's perception represents a(n) _____
Answers
The perception of Jensen to blame the management regarding the unavailability of resources is a representation of defensive bias.
What is bias?A bias is a partial psychological orientation, which represents favor towards a particular thing or condition.
When someone does want to blame himself for not being able to complete the tasks being assigned, such a person will represent a defensive bias, so that he diverts the blame from himself.
Hence, the defensive bias of Jensen is represented in the situation as aforementioned.
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fully grown parent cells split into two halves resulting in two daughter cells with the exact dna as the parent.
Answers
Binary fission involves the division of the parent organism into two halves.
What precisely is binary fission?Binary fission is asexual reproduction in which the organism is divided into two new bodies. An organism copies its genetic material, or deoxyribonucleic acid (DNA), in the process of binary fission, and separates into two pieces (cytokinesis), with each new organism acquiring one copy of DNA.
What is a fission example?In the fission process, energy is produced by dissolving large atoms, like uranium, into smaller atoms, like iodine, caesium, strontium, xenon, and barium, to mention a few. To create the heavier helium, fusion combines light atoms, such as the deuterium and tritium isotopes of hydrogen.
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In which learning path activity do you analyze cases in a step-by-step manner to understand how the law affects business?.
Answers
A Learning Path activity that involves analyses of cases in a step-by-step manner to understand how the law affects business is Case Problem Analysis.
What is Case Problem Analysis.?
A case problem analysis can be regarded as a learning path that involves investigation of a business problem as well as the , examination of the alternative effective solution.
Therefore, Case Problem Analysis involves analyses of cases in a step-by-step manner to understand how the law affects business .
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For a report to focus on the needs of typical business readers today, it needs to be trustworthy, contain decision-related information, and:
Answers
For a report to focus on the needs of typical business readers today, it needs to be trustworthy, contains decision-related information, and make it easy for readers to get the point quickly.
A report must be trustworthy, contain pertinent information, and make it simple for readers to rapidly comprehend the information they wish to deliver in order to satisfy the expectations of business readers.
This can be achieved by using straightforward yet precise terminology. This is necessary because readers need to be able to make decisions based on the reports' clarity.
Always leave your audience wanting to read more of what you've written. In keeping with that, don't go on and expect people to care they won't.
Creating interesting content is not always welcomed. It might aggravate, frustrate, or even irritate your readers. Whatever you do, don't back down, and don't be afraid of your readership.
It's good if your writing touches a nerve and you receive a lot of feedback. Whether or not your readers enjoy what you've done, it is interesting.
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Answer:make it easy for readers to get the point quickly.
Explanation:
Im on a time crunch and need help. Ill give a good answer brainiest!!
JUST WRITE A SHORT SUMMARY OF THIS.
Let’s move on to the next ‘flavor;’ the Manufacturing career cluster covers the planning, managing, and processing of materials to create a final product. It also involves technical support, as well as maintenance and engineering. Whew! That’s a doozy of a definition. Basically, you can think of manufacturing as the people who work together to create something. They build, much like builders, but they create pieces and items. Manufacturing differs from building because it involves building items and components not large structures. Have you ever stepped inside a factory? A factory is a large space where manufacturing happens. Examples for a factory might include manufacturing car parts or packaging for food.
A man in a blue hard hat and coveralls works at a milling machine in a factory with another man looking over his shoulder.
The Manufacturing cluster presents careers that make components that are smaller than a building.
Let’s think back to Xavier again. Xavier looked into a company that built (or manufactured) different parts of a home for him. People who work in the Manufacturing career cluster would put together all of the separate parts needed for Xavier’s home, and Xavier would do the actual building or constructing of those parts to build the structure of his house.
Pathways in the Manufacturing Cluster
The Manufacturing career cluster has many career pathways that fall underneath it. We are going to scoop into those flavors one by one to get a better look at what falls into each.
Production Pathway
The first pathway we are going to discuss is the Production pathway. The Production pathway includes jobs/careers that work directly on the shop floor making or assembling parts. Remember, we discussed that many of these jobs and careers are in a factory. Working on the shop floor means they are working on the main floor of the factory where they assemble and create parts and materials. For jobs and careers in this cluster, you need a keen eye for detail, the ability to work with precision (or a high level of detail), and knowledge of how pieces and parts fit together. Jobs in this career pathway typically require a high school degree or apprenticeship if you are working on simpler projects, but if you are making and assembling very complicated parts (like technical parts for electronics), you may need a higher degree such as an associate, bachelor’s, or master’s.
Manufacturing Production Process Development Pathway
A person sketches out designs for cardboard boxes with several prototypes littering the drawings.
The Manufacturing Production Process Development pathway holds exciting careers like product design.
This pathway is a mouthful. The Manufacturing Production Process Development pathway includes employees who are responsible for product design and design of the manufacturing process. You can think of this pathway as architects, in a way, as they are the creative (and technical) force that puts together the product design (or how the product will look) and the process needed to make it look that way. Essentially, they decide how things get created and assembled. People in this pathway work with customers as well, bringing their visions to life. If the customer wants to package their new product in blue boxes with an orange ribbon tied around them, people in this career pathway will give an example of what this finished project will actually look like and how they will create them by the masses so all look identical. When designing packages, people in this pathway will usually work in an office, but others in this career cluster work on the factory floor, watching and tweaking the packaging process as it happens. Some jobs and careers in this pathway include design engineers, electronic technicians, electronic engineers, manufacturing engineers, manufacturing technicians, etc. Most jobs in this career cluster require at least an associate degree or higher depending on the types of designs and processes they are creating.
Maintenance, Installation & Repair Pathway
The Maintenance, Installation & Repair pathway is another mouthful. This pathway covers jobs and careers that perform preventative maintenance procedures on machines, tools, and equipment. They make sure that any machines and tools that are being used for a particular project are always up and running their best. They perform routine and regular checks on machines, as well as troubleshoot and repair electrical, electronic, and mechanical systems. People in this pathway are problem solvers. They are good at going in, seeing what’s not working, and fixing the problem ASAP. They also know how to best prevent problems before they even happen. Some jobs and careers that are included in this pathway are computer repair people, facility electricians, industrial maintenance workers, technicians, and mechanics.
Answers
these are not answers comments nobody know how to help with this
Quintin's supervisor asks him to use predictive modeling in his decision-making process. What would Quintin's task MOST likely include based on this
directive?
O A. the creation of a decision tree
O B.
O C.
O D.
a conversation with his colleagues
an analysis of data charts
a written list of pros and cons
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If Quintin's supervisor asks him to use predictive modeling in his decision-making process, Quintin's task would most likely include: A. the creation of a decision tree.
What is predictive modeling?Predictive modelling frequently uses decision trees to assist see and analyse the potential effects of a decision.
They offer a methodical technique to weigh the advantages and disadvantages of many options and can aid in determining the best course of action.
Therefore choosing option A is the most likely response. Option B, a discussion with his coworkers, Option C, a review of data charts, and Option D, a written list of advantages and disadvantages, are all potential tasks that may be engaged in decision-making, albeit they may not be explicitly related to predictive modelling.
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Leo Co. uses the allowance method to account for bad debts. At the end of the year, Leo Co.'s accounts receivable balance is $25,000; allowance for doubtful accounts balance of $100 (credit); and sales of $500,000. Based on history, Leo estimates that bad debts will be 2% of accounts receivable. The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of:
Answers
The bad debts expense for the year to be debited will be $600.
Adjusted balance of the Allowance for Doubtful Accounts = Accounts receivable * 2%
Adjusted balance of the Allowance for Doubtful Accounts = $25,000 x 2%
Adjusted balance of the Allowance for Doubtful Accounts = $500
Unadjusted balance of the Allowance for Doubtful Accounts = $100
Amount of bad debt expenses = Adjusted balance of the Allowance for Doubtful Accounts + Unadjusted balance of the Allowance for Doubtful Accounts
Amount of bad debt expenses = $500 + $100
Amount of bad debt expenses = $600
Therefore, the bad debts expense for the year to be debited will be $600.
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Answer:$400
Explanation:
What are the 2 most important accounting principles?
Answers
The 2 most important accounting principles are Accrual principle and the Conservatism principle.
what is Accrual principle?The accrual principle is an accounting principle that mandates that all transactions be recorded in the period in which they take place, regardless of when the transaction's real cash flows are received.
what is Conservatism principle?The Conservatism Principle is what, exactly? According to the Conservatism Principle, only benefits that are guaranteed to occur should be documented, but all prospective losses, even those with a little possibility of occurring, should be acknowledged. This also means that the need that business accounts be prepared with prudence and extensive verification.
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Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: Production costs: Direct materials Direct labor Factory overhead Selling expenses: Sales salaries and commissions Advertising Travel Miscellaneous selling expense Administrative expenses: Office and officers' salaries Supplies Miscellaneous administrative expense Total Estimated Fixed Cost $350,000 340,000 116,000 4,000 2,300 325,000 6,000 8,700 $1,152,000 Estimated Variable Cost (per unit sold) $50.00 30.00 6,00 4.00 1.00 4.00 1.00 $96.00 It is expected that 12,000 units will be sold at a price of $240 a unit. Maximum sales within the relevant range are 18,000 units.
1. Cost of goods sold: Total cost of goods sold Gross profit :
Expenses: Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses :
Total expenses Operating income :
What is the expected.contribution marnin ratio? Total selling expenses Administrative expenses: Total administrative expenses :
Total expenses :
Operating income :
2. What is the expected contribution margin ratio? % 3. Determine the break-even sales in units and dollars. Dollars J units 4. Construct a cost-volume-profit chart on your own paper. What is the break-even sales? 5. What is the expected margin of safety in dollars and as a percentage of sales? Dollars Percentage (If required, round the percent to one decimal place, e.g. 15.4%.) 6. Determine the operating leverage. %
Answers
Cost of goods sold: $960,000. Gross profit: $480,000. Total selling expenses: $37,300. Total administrative expenses: $334,700. Total expenses: $372,000. Operating income: $108,000. The expected contribution margin ratio is 50%.
The contribution margin ratio is calculated by dividing the contribution margin (sales minus variable expenses) by the sales revenue. In this case, the contribution margin is ($240 - $96) = $144 per unit, and the sales revenue is $240 per unit. Therefore, the contribution margin ratio is ($144 / $240) = 0.6 or 60%. Break-even sales in units: 2,000 unit Break-even sales in dollars: $480,000. The break-even point is the level of sales at which the company covers all its costs and has zero operating income. It is calculated by dividing the total fixed costs by the contribution margin per unit. In this case, the total fixed costs are $372,000 and the contribution margin per unit is ($240 - $96) = $144. Therefore, the break-even sales in units is ($372,000 / $144) = 2,583 units.
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the allocation of a plant asset's cost to expense over its useful life is called ________.
Answers
Answer:
Depreciation
Explanation:
Depreciation is the process of allocating to expense the cost of a plant asset over its useful (service) life in a rational and systematic manner.