1. Initially, the contribution margin for a good is 84.16. If fixed costs are $1149 and an anticipated 608 units are being sold, how much can the price of the good drop before this business should shut down in the short run (assuming costs stay the same)?
2. You would like to purchase a T-bill that has a $19,000 face value and is 50 days from maturity. The current price of the T-bill is $18,875. Calculate the discount yield on this T-bill. (Use 360 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))
Discount Yield %