The folk-pop singer jewel is famous for having lived in her van when she first moved to san diego and started performing in a coffee shop. soon after she was signed by atlantic records, her advance allowed her to rent a house and buy a new car. of what class-based phenomenon is this an example?

answer social mobility;

Results are below.

Explanation:

First, we need to calculate the break-even point in units and sales dollars:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 354,000 / (175 - 116)

Break-even point in units= 6,000

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 354,000 / (59 / 175)

Break-even point (dollars)= $1,050,000

Now, the margin of safety and margin of safety rate:

Margin of safety= (current sales level - break-even point)

Margin of safety= (10,000*175) - 1,050,000

Margin of safety= $700,000

Margin of safety ratio= (current sales level - break-even point)/current sales level

Margin of safety ratio= 700,000 / 1,750,000

Margin of safety ratio= 0.4= 40%