Suppose a Sequence Begins 1, 4 and Continues by Taking

question 36

Essay

Suppose a sequence begins 1, 4 and continues by taking the geometric mean of the previous two numbers to determine the next number. What is the fourth term of the sequence?

Calculate realized gross profit on installment sales.

Understand the concept of break-even point in units and dollars.

Apply the break-even analysis to different sales mixes and product scenarios.

Calculate the effect of changes in fixed and variable costs on the break-even point.