An automobile dealer can sell 12 cars per day at a price of $19,000. He estimates that for each $300 price reduction he can sell two more cars per day. If each car costs him $16,000, and fixed costs are $1000, what price should he charge to maximize his profit

Salt corporation's contribution margin ratio is 78% and its fixed monthly expenses are $30,000. assume that the company's sales for may are expected to be $89,000. required: estimate the company's net operating income for may, assuming that the fixed monthly expenses do not change.

The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.

Which of the following would be an accurate statement about achieving a balanced budget