The federal and state governments' attempts to restrict payments from Medicare and Medicaid to doctors and hospitals. The government will find it too expensive and will cut spending. There will be bottlenecks in care and patients will have to wait longer for care.
Why are the federal and state governments trying to limit Medicare and Medicaid payments to doctors and hospitals?
Medicare is government health insurance for people age 65 and older and some people under age 65 with certain disabilities or medical conditions. Medicaid is a joint federal and state program that provides health insurance to certain people with limited income and resources. The main mission of the hospital is to provide holistic healthcare to the population; It also serves as a training center for healthcare professionals. The hospital in general is an essential element of social and medical organization.
The Medicare program was established in 1965 to provide health coverage and greater financial security to older Americans who were underserved in an insurance market characterized by work-related group insurance.
To learn more about medicare refers to:
brainly.com/question/1960701
#SPJ4
a contest will have five cash prizes totaling $3,500, and there will be a $200 difference between successive prizes. find the first prize.
The first prize is $1,000. The five cash prizes are $1,000, $800, $600, $400, and $200.
To find the first prize, we can use the arithmetic series formula to determine the sum of the five cash prizes.
The sum formula is:
Sum = (n * (a1 + an)) / 2,
where n is the number of terms (5 in this case), a1 is the first term (the first prize), and an is the last term.
We are given that there is a $200 difference between successive prizes and that the total sum is $3,500.
Let the first prize be x.
Then, the prizes are x, x - 200, x - 400, x - 600, and x - 800.
Using the sum formula: 3,500 = (5 * (x + x - 800)) / 2.
Solving for x, we get x = 1,000.
Therefore, the first prize is $1,000, and the five cash prizes are $1,000, $800, $600, $400, and $200.
To know more about the arithmetic series visit:
https://brainly.com/question/14792255
#SPJ11
a note payable is in the form of a written promissory note. an oral agreement. a standing agreement. a contingency that is reasonably likely to occur.
A note payable is typically in the form of a written promissory note.
A promissory note is a legally binding document that outlines the terms and conditions of a loan, including the amount borrowed, the interest rate, repayment schedule, and any other relevant provisions.
While there can be oral agreements or standing agreements between parties, when it comes to a note payable, it is typically formalized in writing to ensure clarity, enforceability, and evidence of the debt. A written promissory note provides a clear record of the borrower's obligation to repay the loan and protects the rights and interests of both the lender and the borrower.
Regarding the fourth option, a contingency that is reasonably likely to occur does not directly describe a note payable. A contingency refers to a potential future event or circumstance that may or may not happen, and it usually involves some degree of uncertainty. A note payable, on the other hand, represents an existing obligation to repay a loan, typically with specified terms and conditions.
Therefore, the most appropriate choice for a note payable is "a written promissory note."
Learn more about amount here:
https://brainly.com/question/28970975
#SPJ11
Stock #1 will have a return of 19% in an economic boom and −16% in a bust. Stock #2 will have a return of 37% in a boom and −28% in a bust. Stock #3 will have a return of −3% in a boom and 7% in a bust. You put 33% of your money in Stock #1, 29% in Stock #2, and the rest in Stock #3. What will be the return on the entire portfolio in a boom? Write you answer out to three decimals; for example, write 12.2% as .122.
The return on the entire portfolio in a boom is approximately 0. to calculate the return on the entire portfolio in a boom, we need to consider the weights and returns of each stock .
given:
stock #1 return in a boom: 19%
stock #2 return in a boom: 37%
stock #3 return in a boom: -3%
weight of stock #1: 33%
weight of stock #2: 29%
weight of stock #3: remaining percentage (100% - 33% - 29%)
to calculate the portfolio return in a boom, we use the weighted average return formula:
portfolio return = (weight of stock #1 * return of stock #1) + (weight of stock #2 * return of stock #2) + (weight of stock #3 * return of stock #3)
calculating the portfolio return:
portfolio return = (0.33 * 0.19) + (0.29 * 0.37) + (remaining weight * -0.03)
we need to determine the remaining weight:
remaining weight = 100% - 33% - 29%
remaining weight = 38%
substituting the values into the formula:
portfolio return = (0.33 * 0.19) + (0.29 * 0.37) + (0.38 * -0.03)
calculating the values:
portfolio return = 0.0627 + 0.1073 - 0.0114
portfolio return = 0.1586 1586 or 15.86%.
Learn more about stock here:
https://brainly.com/question/31940696
#SPJ11
Martine developed a filing system to keep track of potential and current customers. Which qualification has she demonstrated?
critical thinking
problem solving
organization
computer skills
Answer:
C. Organization
Explanation:
:)
which of the following is most likely to improve e-commerce in the world trade arena?
A well-developed website with numerous language options is most likely to enhance e-commerce in the global trade sector.
E-commerce, also referred to as online commerce, is the "creation, distribution, promotion, sale, or delivery of goods and services through electronic means." Any business, home, business, government, or other public or private institution can engage in an internet banking.
What part does e-commerce play in world trade?
All nations gain from the economy-wide development of online commerce. Short-term profits are probably dominated in wealthy nations, but in the long run, developing nations stand to gain more. E-commerce will result in a rise in the quantity of foreign trade.
To know more about E-commerce click here
brainly.com/question/29214855
#SPJ4
Question 1
5 pts
(05.02 LC)
In which type of economy does the government decide all or most economic
questions? (5 points)
Command
Market
O Mixed
O Traditional
Answer:
Command
Explanation:
In the command economic model, the government determines the level of economic productions in the country. It decides what will be produced, its quantity, and the cost price. A central authority or the government owns all the factors of production.
The command economy is also the planned economy. The government plans and produces all goods and services. The private sector is not present in the command economy.
A buying decision made quickly and with little thought is called a(n)
Answer:
B2C purchase made quickly and with little thought. routine buying decision. Process of communicating with potential customers in an effort to influence their buying behavior.
Explanation:
:)
Alice has completed a cost-benefit analysis (CBA) of recommended countermeasures.For a specific risk, four countermeasures have been recommended. How can Alice usethe CBA to choose the countermeasure to recommend?A.Choose the countermeasure with the lowest recurring cost.B.Choose the countermeasure with the highest countermeasure value.
C.Choose the countermeasure with the highest projected benefits.D.Choose the countermeasure with a positive countermeasure value
Alice has completed a cost-benefit analysis (CBA) of recommended countermeasures. For a specific risk, four countermeasures have been recommended.
The option that Alice can use in the CBA to choose the countermeasure to recommend is to Choose the countermeasure with the highest countermeasure value.A cost-benefit analysis is a method used to assess the benefits of a decision or project, taking into account both quantitative and qualitative factors. The goal is to determine if the cost of the decision is justified by the benefits derived from it.CBA is used to assist decision-makers in comparing different alternatives and assessing their costs and benefits in monetary or qualitative terms.
The technique is widely employed in public policy analysis, where the evaluation of the societal and economic costs and benefits of a project is crucial to determine if it should be executed or not. CBA can be used to identify the most cost-effective approach among multiple options. By comparing the projected benefits of each option with its cost, the alternative with the highest net benefit, or countermeasure value, can be identified.The projected benefits of each alternative should include not only quantitative considerations but also qualitative ones, such as the impact on the environment, health, or social welfare.
To know more about cost-benefit analysis visit:
https://brainly.com/question/30096400
#SPJ11
This graph compares consumer expenditures in three American cities from 2007 to 2010.
A graph titled Average Household Consumer Expenditures from 2007 to 2010 has year on the x-axis, and average yearly spending on the y-axis. San Francisco had the highest spending, then Cleveland, and then Houston had the lowest spending.
The best inference that can be made based on the graph is that
Answer:
its c
Explanation:
your welcome
The best inference that can be made based on the graph is that jobs in San Francisco may have higher salaries to offset the cost of living. Thus option (c) is correct.
What is job?A job is a type of employment where a person works in exchange for payment or compensation. Jobs can come in various forms, including full-time, part-time, temporary, freelance, and contract work.
The tasks and responsibilities of a job vary depending on the industry, company, and position. Jobs can be found in various sectors, including healthcare, finance, education, technology, and manufacturing, digital marketing and digital gaming among others at national and international level.
On the basis of graph, we can say that jobs in San Francisco may have higher salaries to offset the cost of living. Therefore, option (c) is correct.
Learn more about job here:
https://brainly.com/question/27354203
#SPJ6
penny and Theodore comprise a scheme whereby Penny will send information to Theodore in regards to the moves her telecommunications company is making when she learns about it in their company's internal strategy meeting so he can make a better stock trade. This is known as
Answer:
I think this is Insider trading
Explanation:
insider trading is an illegal practice where someone uses their own advantage of having access to confiditional information to practice stock trading on the stock exchange
Which of the following is a risk banks should prepare for?
A.
Falling interest rates
B.
Borrowers who don't pay back loans
C.
Too many people requesting loans
D.
People switching to online transactions
Borrowers who don't pay back loans.
Hotel rooms in Smalltown go for $80, and 900 rooms are rented on a typical day.
To raise revenue, the mayor decides to charge hotels a tax of $15 per rented room. After the tax is imposed, the going rate rises to $85, and the number of rooms rented falls to 800.
The tax had a negative impact on the hotel industry in Smalltown, but generated revenue for the government. This highlights the trade-offs involved in taxation and the importance of carefully considering the potential impacts of policy changes.
We can use the information provided to calculate the total revenue generated by hotel room rentals before and after the tax is imposed.
Before the tax is imposed:
Number of rented rooms = 900
Price per room = $80
Total revenue = 900 * 80 = $72,000
After the tax is imposed:
Number of rented rooms = 800
Price per room = $85 ($80 + $15 tax)
Total revenue = 800 * 85 = $68,000
We can see that the total revenue generated by hotel room rentals decreased after the tax was imposed. Although the price per room increased, the decrease in the number of rooms rented more than offset the increase in price. This is an example of how taxes can impact the behavior of consumers and businesses.
It's important to note that while the total revenue decreased, the government still generated revenue through the tax. The total tax revenue can be calculated as follows:
Number of rented rooms = 800
Tax per room = $15
Total tax revenue = 800 * 15 = $12,000
Find out more on taxation. here
https://brainly.com/question/1133253
#SPJ1
Hotel rooms in Smalltown go for $80, and 900 rooms are rented on a typical day. To raise revenue, the mayor decides to charge hotels a tax of $15 per rented room. After the tax is imposed, the going rate rises to $85, and the number of rooms rented falls to 800.
What will be the impact on tax?
1. Your friend asks to borrow $50 and offers to pay you back with interest. What factors
would you consider in your decision to accept or decline their request?
The factors that you have to think about would before giving out the loan would be the following:
The loan periodThe ability to pay back the loanThe interest that is on the loanHow the money is to be returned.What is a loan?This is the term that is used to refer to an amount of money that would be given to a person that is the borrower by the lender for a period pf time and for them to pay back with interest.
To be able to determine if you are to give out a loan, you have to take the ability of the person to pay you back the amount as a fator.
Also you have to check the character of the person that you are to loan the money to.
Read more on loans here: https://brainly.com/question/26913200
#SPJ1
What is the effect of business cycles on economic growth?
Business cycles are the "ups and downs" in economic activity, defined in terms of periods of expansion or recession. During expansions, the economy, measured by indicators like jobs, production, and sales, is growing in real terms, after excluding the effects of inflation.
Economic activity goes through periods of boom and then contraction during business cycles. Both the general welfare of society and the welfare of private entities are affected by these developments. Typically, changes in a broad economic statistic, such as Real Gross Domestic Product, are examined to see how business cycles have changed over time.
Typical business cycle changes include broad upswings and downswings in a variety of macroeconomic indicators. Individual expansion/recession periods have varying lengths and intensities across time. There are several factors that might cause changes in the business cycle, including sudden and severe fluctuations in the price of oil or shifts in consumer attitude.
To know more about Business cycles here-
https://brainly.com/question/4511868
#SPJ4
Q. Rakesh owns a garment shop. He wants to expand his business but he is confused whether to appoint a manager or go in for a partner. Which is the better option and why?
Answer:
He should appoint a manager.
Explanation:
Rakesh must appoint a manager if he wishes to expand his business of garment shop. The manager will constantly strive to attain the desired goals on behalf of Rakesh. It will give sufficient time to him which he can use in looking for new target markets and customers, new products or items which he can add on to his shop, and much more. Meanwhile, the manager will lead the work and keep ensuring that the employees are working efficiently by motivating them. He will take all the necessary decisions to ensure that the intended profits and goals are achieved.
Sample advertisement: Lose body fat and feel healthier with our proven supplement, Edgozene! Losing weight is easy with Edgozene! Just take two pills before each meal. You'll feel more full and eat less. No other diet pill offers what our product does - and for a limited time, if you buy now you can get two bottles of Edgozene for just $29.95! Which of these statements from the advertisement are facts? Check all that apply. A) Losing weight is easy with Edgozene. B) You will lose weight and feel healthier if you take Edgozene. C) You will receive two bottles of Edgozene when you order. D) Edgozene costs $29.95. E) You won’t eat as much if you take Edgozene.
Answer:
C) You will receive two bottles of Edgozene when you order.
D) Edgozene costs $29.95.
Explanation:
We assume that 1 order costs $29.95 and delivers 2 bottles. (That is, we assume that you cannot order 1 bottle for $14.98.) Under that assumption, the cost is $29.95 (D) and the amount delivered is 2 bottles. (C)
There is no way to determine whether any other claims are facts, or not. As a rule, feelings experienced when eating are a function of a lot more than just a diet pill. That is, you may or may not eat less when/if you feel more full.
Answer:
c,d
Explanation:
Jackie has determined some possible careers that would suit her include being a photographer, a graphic artist, a web designer, or a visual merchandiser. What is the next step Jackie should take in the decision-making process? a. Analyze resources b. Make a decision c. Define wants and needs d. Gather information Please select the best answer from the choices provided A B C D.
The correct statement is that the next step to be taken by Jackie should be analyzing the resources available in his hands for decision-making of his career. So, the correct option is A.
The analysis of resources can be done by following the process of carefully taking into consideration, the resources that are accessible by Jackie during the entire course of pursuing the career.
What is a decision-making process?A decision-making process is used for deriving at conclusion after taking into consideration the plans, options and the resources that are favorable for accomplishments of such task.
The next step that is to be taken in the decision-making process is to analyze the resources that can be accessed by such person so that a conclusion is derived.
In the case of Jackie, he must take into account the resources that he has for deciding his careers like admission fee, infrastructure, knowledge of the field, etc. and decide the most favorable field.
Hence, the correct option is A that the next step to be taken by Jackie should be analyzing the resources available in his hands for decision-making of his career.
Learn more about decision-making here:
https://brainly.com/question/3369578
Answer: D
Explanation:
I took the test and selected A and got it wrong. D. gather information
What is the promotional objective of the introduction stage of the product life cycle?.
The first stage of a product's life cycle is the introduction stage because the product is new to the market, the promotional goal is to educate consumers in order to raise their level of awareness.
What is the product life cycle?A product's life cycle is divided into four stages: introduction, growth, and decline and maturity. Many items are still in their early stages of maturity. The product life cycle is crucial in marketing because it helps define and select product-specific tactics.
However, in every product's life cycle, the product eventually fades from the market.
Learn more about the product life cycle, refer to:
https://brainly.com/question/15177349
#SPJ1
What are B2C and B2B sales?
B2C and B2B sales refers to business-to-consumer and business-to-business sales respectively.
What is business-to-consumer sales?Business-to-consumer (B2C) companies having consumers as their end-users increasingly came to be known by this phrase when it gained popularity in the 1990s.
This contrasts with business-to-business (B2B) firms, or those whose main customers are other businesses. B2C businesses conduct their business online and offer goods to clients. Several B2C corporations include Amazon.
B2C, or business-to-consumer, is a retail model where things are delivered directly to the customer who has made a personal purchase of the goods or service.
Business-to-business sales are referred to as B2B sales. It describes enterprises or salespeople who engage in direct business-to-business (B2B) sales of goods and services.
To learn more about Business-to-business sales
https://brainly.com/question/15506646
#SPJ6
Which item does not appear on a statement of cash flows prepared by the indirect method?.
collections from customers does not appear on a statement of cash flows prepared by the indirect method.
What are collections from customers?A business uses the term collections to refer to money owing to that business by a consumer. When a consumer fails to pay the company within the periods stated, the bill becomes past due and is sometimes turned over to a collection agency.
the act or activity of gathering; data collection; tax collection anything specially gathered: a collection of artifacts amassed for the purpose of study, comparison, or exhibition, or as a hobby a collection of poems a group of photographs a collection of baseball cards
A collection is defined as a gathering of goods or people grouped together. A collection could be anything like someone collecting 500 baseball cards.
To know more about collections from customers from the given link:
https://brainly.com/question/20709956
#SPJ4
Which of the following is true about competitive pricing? a. It is set by covering costs only. b. It is set by figuring out just how much a customer is willing to pay and pricing near that mark. c. It is at a medium level, somewhere in between extremes, using competitors’ prices as a starting point, and adjusting from there. d. It is set by covering costs and then adding some margin.
Answer: c. It is at a medium level, somewhere in between extremes, using competitors' prices as a starting point, and adjusting from there.
Explanation:
There is a lot of competition going on in most markets as this competition continues brands begin to look at what each other is doing to be able to beat themselves in the market. They understand that a good price and assured product will make them either loose or gain more clients and customers. This makes them focus on the price of each other and adjust or make out their own price from there.
Companies and firms often engage in competitive pricing. The true statement about competitive pricing is that It is at a medium level, somewhere in between extremes, using competitors’ prices as a starting point, and adjusting from there.
Competitive pricing is simply known as the act of selecting strategic price points to use in taking a degree of advantage of a product or service based market when compared to its competition.It is a pricing method that is often used by businesses selling similar products
This type of pricing strategy is often used when a price for a product or service has attained a level of equilibrium.
Learn more from
https://brainly.com/question/9210877
If Ju Li used a(n) ___________ approach to screening and evaluation, she would have employees evaluate the technical feasibility of selling the additive in addition to its bottled water products.
external
strengths analysis
potential threats
customer-driven
internal
If Ju Li used an internal approach to screening and evaluation, she would have employees evaluate the technical feasibility of selling the additive in addition to its bottled water products.
This approach would involve assessing the company's resources, capabilities, and potential threats before making any decisions. By involving internal stakeholders in the screening and evaluation process, Ju Li can ensure that the company is well-positioned to take advantage of new opportunities and can mitigate any potential risks.The internal approach to screening and evaluation involves evaluating the company's strengths and weaknesses, as well as any potential threats that could impact its success.
By conducting a thorough analysis of these factors, Ju Li can make informed decisions about whether or not to pursue the sale of the additive alongside its bottled water products.Overall, using an internal approach to screening and evaluation can help Ju Li make informed decisions about the future of the company. By involving internal stakeholders in the process, she can ensure that the company is well-positioned to take advantage of new opportunities and can mitigate any potential risks.
For more such questions on evaluation
https://brainly.com/question/30900672
#SPJ11
According to symbolic interactionism, which component of the self encourages an individual to follow social norms
Simply put, symbolic interactionists hold that the meanings we give to interactions and events help to shape our society.
What constitutes simple events?Simple occurrences are those in which a single experiment is conducted at such a time and results in a single conclusion. P(E), when E is the event, stands for the chance of simple events. The range of the probability is 0 to 1. For instance, tossing a coin is a straightforward event.
What are events, and what different kinds are there?What are the various probability event types? Complement encounters, simple events, compounded events, definite events, improbable events, dependent occasions, independent events, socially exclusive occasions, exhaustive events, etc. are some examples of the various varieties of events in probability.
To know more about event visit:
https://brainly.com/question/15292853
#SPJ4
To calculate GDP once national income has been computed, we must:
a. add depreciation and subtract indirect business taxes.
b. add indirect business taxes and transfers and subtract profits.
c. add depreciation and indirect business taxes and transfer payments and subtract other business income adjustments and net U.S. income earned abroad.
d. add indirect business taxes and transfers and subtract depreciation, other business income adjustments, and net U.S. income earned abroad.
To calculate Gross Domestic Product (GDP) once national income has been computed, we must add indirect business taxes and transfers and subtract depreciation, other business income adjustments, and net U.S. income earned abroad. The correct option is (d).
Explanation: National income accounts are a group of calculations and accounts used to determine the overall economic activity of a country or region.
The measure is calculated by finding the total amount of income earned by a country's citizens and businesses, including the income that is generated from overseas activities.
Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country's borders in a particular period of time.
Once the national income has been computed, the next step in calculating the GDP is to add indirect business taxes and transfers and subtract depreciation.
Other business income adjustments, and net U.S. income earned abroad. Indirect business taxes refer to taxes that are levied on goods and services but are not directly paid by the producer, such as sales taxes.
Depreciation refers to the decrease in the value of an asset over time, and other business income adjustments refer to other changes in income that are not directly related to production.
To know more about Domestic visit:
https://brainly.com/question/13795785
#SPJ11
PLEASE HELP QUICK!!!
Which of the following is an advantage of buying your home over renting?
(1 point)
O You do not have to worry about the housing market in your area.
O The amount you pay each month is set by the terms of your mortgage.
O If something breaks, you have to fix it or pay to have it fixed.
O Your mortgage payments will far exceed the value of your home.
Answer:
The amount you pay each month is set by the terms of your mortgage.
Explanation:
connexus
What term is used to describe the communication between a buyer and seller in which the seller's goal is to influence the buyer to make a purchase?
The term that is used to describe the communication between a buyer and seller in which the seller's goal is to influence the buyer to make a purchase is Personal selling.
What Exactly Is "Personal Selling"?
Personal selling, usually referred to as face-to-face selling, is the process of one salesperson persuading a consumer to purchase a product. It is a type of advertising where the salesperson employs their knowledge and talents in an effort to close a deal.
Personal selling is a face-to-face sales strategy where a salesman uses their people abilities to convince a consumer to purchase a specific product. The salesperson tries to persuade the consumer that the product will only add value by emphasizing its different qualities. However, the goal of personal selling is not always to convince a client to purchase a product. Frequently, businesses attempt to adopt this strategy.
to know more about Personal selling.
https://brainly.com/question/7304387
#SPJ4
Strategic business units that compete in a low-growth market but hold considerable market share are called ________. Their earnings and cash flows are high and stable.
Strategic business units that compete in a low-growth market but hold considerable market share are called Cash Cows because their earnings and cash flows are high and stable.
What is the Cash Cow?The cash cow is a quadrant in the BCG matrix that shows that a unit has a consistently profitable business and possesses the following characteristics:
Competes in a low-growth market.Holds considerable market share.High and stable cash flows and earnings.Thus, the strategic business unit with the above characteristics is a cash cow.
Learn more about the BCG matrix at https://brainly.com/question/26633615
warren signed a contract with the samsons for the sale of property he didn't own. what type of contract is this?
An agreement between a seller and a buyer is referred to as a contract to sell. According to the contract, both the seller and the buyer make promises to one another: the seller will sell something, and the buyer will buy the seller's property.
Even when this contract is signed, the right does not automatically pass to the buyer. Also known as a land contract, a land sales contract, or an installment land contract. A contract for deed can be thought of as a particular kind of real estate transaction where the seller gives the buyer money to buy the property at an agreed-upon price and the buyer pays back the loan over time.
To learn more about buyer, click here.
https://brainly.com/question/13954956
#SPJ4
Describe wage determination in a labor market in which workers are unorganized and many firms actively compete for the services of labor. the labor supply curve of the individual firm is:___.
The market for labor can be divided into two components, labor demand , and labor supply .
Market labor supply curves are determined more by the number of individuals who choose to supply their labor to that market than the number of hours each supplies.
So at higher wage rates relative to other markets, more people choose to supply labor in that particular market and the curve is always up-sloping.
In perfectly competitive labor and product markets, labor supply curves always measure marginal opportunity costs. The shorter the time period will be and the more specialized the type of labor will be , the less elastic the labor supply curve will be.
To know more about labor supply curve here:
https://brainly.com/question/13540328
#SPJ4
A new restaurant is ready to open for business. It is estimated that the food cost (variable cost) will be 60.85% of sales, while fixed cost will be $450,000. The first year's sales estimates are $1,246,950. Calculate the firm's operating breakeven level of sales. Answer to 2 decimal places
the estimated sales of $1,246,950 is higher than the operating breakeven level of sales of $1,142,347.31, the restaurant is expected to make a profit.
Operating Breakeven level of sales refers to the sales level at which the firm generates enough revenue to cover its total costs (variable costs + fixed costs). Given that the variable cost is 60.85% of sales and the fixed cost is $450,000. The operating breakeven level of sales can be calculated as:
Operating Breakeven level of sales = (Fixed Costs) ÷ (1 - Variable Cost %)
Operating Breakeven level of sales = ($450,000) ÷ (1 - 0.6085)
Operating Breakeven level of sales = $1,142,347.31
Therefore, the firm's operating breakeven level of sales is $1,142,347.31. This implies that the firm needs to generate at least $1,142,347.31 in sales to break even.Assuming the restaurant generates sales of $1,246,950 in the first year, the total variable cost is estimated to be
60.85% x $1,246,950 = $759,289.67.
Therefore, the firm's total costs are:
Total costs = Variable Costs + Fixed Costs Total costs = $759,289.67 + $450,000
Total costs = $1,209,289.67
To know more about cost visit;
brainly.com/question/14566816
#SPJ11