Backus Inc. makes and sells many consumer products. The firm’s average contribution margin ratio is 29%. Management is considering adding a new product that will require an additional $12,000 per month of fixed expenses and will have variable expenses of $7 per unit. Required: Calculate the selling price that will be required for the new product if it is to have a contribution margin ratio equal to 29%. (Round your answer to 2 decimal places.) Calculate the number of units of the new product that would have to be sold if the new product is to increase the firm's monthly operating income by $9,400. (Do not round intermediate calculations.)

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.

Your debit card is stolen, and you report it to your bank within two business days. how much money can you lose at most? a. $500 b. $25 c. $50 d. $150

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is