New Town Instruments is analyzing a proposed project. The company expects to sell 1,500 units, ±3 percent. The expected variable cost per unit is $210 and the expected fixed costs are $428,000. Cost estimates are considered accurate within a ±2 percent range. The depreciation expense is $64,000. The sales price is estimated at $647 per unit, ±2 percent. What is the sales revenue under the worst-case scenario?

Worst case sales revenue is $ 922,557.30  

Explanation:

The sales revenue under the worst case is the one that price that considers the lowest possible volume of units as well as the lowest sales price per unit.

Lowest volume possible=(1-3%)*1500

                                     =(1-0.03)*1500

                                      =0.97*1500

                                      =1455

Lowest possible price=(1-2%)*$647

                                     =(1-0.02)*$647

                                     =0.98*$647

                                     =$634.06

worst-case revenue=1455*$634.06

                                 =$ 922,557.30  

Sales revenue under the case scenario is  $922,557.30 as shown in the computation above.

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants