Northwood company manufactures basketballs. the company has a ball that sells for $25. at present, the ball is manufactured in a small plant that relies heavily on direct labor workers. thus, variable expenses are high, totaling $15.00 per ball, of which 60% is direct labor cost. last year, the company sold 46,000 of these balls, with the following results: sales (46,000 balls)$1,150,000variable expenses 690,000contribution margin 460,000fixed expenses 318,000net operating income$142,000 required: 1. compute (a) last year's cm ratio and the break-even point in balls, and (b) the degree of operating leverage at last year’s sales level.2. due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per ball. if this change takes place and the selling price per ball remains constant at $25.00, what will be next year's cm ratio and the break-even point in balls? 3. refer to the data in (2) above. if the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $142,000, as last year?

i mean they dont have to

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

1. avoid them

2. a talk with them

3. ask someone you trust

4. ignore

5. call police

i would say iii (3) because in order to compare a price you have to use as a reference other near stores because it's its

hope i explained myself