In what ways did Geography and Climate make the North’s economy different from the South?

In the North, the economy was based on industry. They built factories and manufactured products to sell to other countries and to the southern states. They did not do a lot of farming because the soil was rocky and the colder climate made for a shorter growing season. In the South, the economy was based on agriculture.

$1.62

Explanation:

Calculation to determine the break even EBIT

First step is to determine the Number of shares purchased

Number of shares purchased= $25,000 / $25

Number of shares purchased= $1,000

Second step is to determine the EBIT

EBIT / 10,000 = [EBIT - ($25,000 * 0.073)] / (10,000 - 1,000)

EBIT / 10,000 = (EBIT - $1,825) / 9,000

9,000 EBIT = 10,000 EBIT - $16,425,000

1,000 EBIT = $16,425,000

EBIT=$16,425,000/1,000

EBIT = $16,425

Now let determine the Earning per Shares at Break-even level of earning

Earning per Shares at Break-even level of earning= [EBIT - ($25,000 * 0.073)] / (10,000 - 1,000)

Earning per Shares at Break-even level of earning= ($16,425 - $1,825) / 9,000

Earning per Shares at Break-even level of earning= $14,600 / 9000

Earning per Shares at Break-even level of earning= $1.62

Therefore the break even EBIT is $1.62