Question 5
Mr. Wong is a small manufacturer of bicycles in Hong Kong. His business incurred the following costs for the year ended 31 December 2003.
$
Materials (100% variable) 300,000
Labor (25% variable) 200,000
Selling & distribution cost (20% variable) 50,000
Other costs (fixed) 170,000 720,000
Normally, the business sells 3,000 units at $300 each:
Required:
(a)Calculate the breakeven point in units and dollar sales.
(b)Calculate the contribution to sales ratio.
(c)Calculate the margin of safety in percentage.
第3题
Question 4
Chan promised to pay his nephew $5,000 if his nephew would refrain from drinking liquor and using tobacco until the nephew should be 21 years of age. The nephew took Chan's words seriously, and abandoned drinking and smoking. After the nephew celebrated his 21st birthday, he asked Chan to pay the amount promised, Chan refused.
Could the nephew sue Chan for breach of the contract?
第5题
Question 6
Assume that GDP grew from $120 billion in 1994 to $160 billion in 1995 and the GDP deflator from 100 in 1994 to 130 in 1995.
(a)Calculate the rate of growth of nominal GDP for 1995.
(b)Calculate the rate of growth of real CDP for 1995.
(c)What is the inflation rate for 1995?
第6题
Question 4
Suppose you are in charge of a toll bridge that is essentially cost free. The demand for bridge crossings Q is given by P=12-2Q.
(a)Draw the demand curve for bridge crossings.
(b)How many people would cross the bridge if there were no toll?
(c)What is the loss of consumer surplus associated with the charge of a bridge toll of $6?
第9题
Question 7
Who loses from inflation? Please describe carefully.
第10题
Question 6
(a) Define cheque.
(b) Explain any five points of the differences between cheques and bills of exchange.
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