C) The preferred value is more than 1.0 but less than or equal to 2.0.
A multifactor productivity is what?A measure of economic performance known as multifactor productivity (MFP) contrasts the quantity of output and the quantity of all the inputs used to produce that output. Combinations of inputs may include labor, money, energy, supplies, and services that have been purchased.
Calculation:
Given:
Weeks (W) = 20
Number of workers (N) = 200
Material costs (MC) = $15 million
Overhead costs (OC) = $1.5 million
Workers' cost per hour (WC) = $35
Hours per week (H) = 40
The selling price of the ship (SP) = is $50 million.
Now,
Labour Costs = Workers Costs Per Hours × Hours Per Week × Weeks × Number of Workers Labor Costs
= 35 × 40 × 20 × 200 Labour Costs
= $56,00,000
Now,
Multifactor Productivity Ratio = Value of Input (Material Costs + Labor Costs + Overhead Costs) / Value of Output(Selling Price of Ship)
Multifactor Productivity Ratio = [tex]\frac{50,000,000}{15,000,000+56,00,000+15,00,000}[/tex]
Multifactor Productivity Ratio = [tex]\frac{50,000,000}{2,21,00,000}[/tex]
Multifactor Productivity Ratio = 2.26
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thomas martin receives an hourly wage rate of $15, with time and a half for all hours worked in excess of 40 hours during a week. payroll data for the current week are as follows: hours worked, 48; federal income tax withheld, $339; social security tax rate, 6.0%; and medicare tax rate, 1.5%. what is the gross pay for martin? a.$720 b.$1,080 c.$1,440 d.$780
The Gross Pay for martin is $780.
Given in the question,
An hourly wage rate =$15
Hours of work in a week = 40
Hours of overtime work in a week = 48 - 40 = 8
Federal income tax = $339.
Social security tax rate = 6.0%
Medicare tax = 1.5%
Now, firstly we will calculate the regular earnings.
The formula for the regular earnings is:
Earnings at regular rate= Wage rate per hour x hours of work
= (15 x 40)
=$600
Then, we will calculate the additional hours of work:
Earnings at overtime rate=( 8(15 x 1.5))
=$180
Total gross pay = 600+180
=$780.
Martin makes $780 a month in gross pay. Net pay is calculated by deducting other deductions from gross pay. Gross pay is reduced by deductions such as federal income tax, social security tax, and Medicare tax rate.
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over a 20-year period an investment of $1,000 in common stocks returned an average of 11% in nominal terms and 4% in real terms. at the end of the 20 years, the portfolio value was:
The estimated value of all cash flows at a specific date in the future is what is known as an investment's future value (FV).
As part of a retirement and financial planning strategy, investors would be able to recognize their potential wealth thanks to the estimate of FV.
How do I find the value in the future?Using this formula, you can use compound interest to determine the value of the future: The present value times the interest rate times n is the future value. Utilize this formula to determine the value of the future using simple interest: Future value is equal to the present value multiplied by [1] plus the interest rate multiplied by the time.
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a firm producing where price equals marginal cost that has variable costs equaling $60 million; fixed costs equaling $40 million; and revenues equaling $50 million should:
a firm producing where price equals marginal cost that has variable costs equaling $60 million; fixed costs equaling $40 million; and revenues equaling $50 million should be shut down now.
The incremental cost of producing more goods or services, also known as the marginal cost in economics, is the change in the overall cost that results from increasing the amount produced.
It can refer to a small increase in the output of one unit, or it can relate to the rate of change in total cost as output increases by a tiny amount. The marginal cost is the slope of the total cost, or the rate at which it increases with output, and is quantified in dollars per unit as opposed to dollars for the total cost. The difference between average cost, or total cost divided by the number of units produced, and marginal cost is the number of units produced.
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under purchasing power parity, the future spot exchange rate is a function of the initial spot rate in equilibrium and: a. the income differential. b. the forward discount or premium. c. the inflation differential.
Under purchasing power parity, the future spot exchange rate is a function of the initial spot rate in equilibrium and the inflation differential.
The "composition effect," or differences in the shares of the various goods and services in national consumptions, may contribute to inflation differentials observed within a currency area. These differentials result from differences in the weights of the various sub-indices in national consumer price indices. Two nations with the same sector-based inflation rates may show differing aggregate inflation rates if there are variations in household preferences between the two nations.
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when fletcher returned a shirt they had purchased at dillard's for a refund, they essentially reversed the effect of which type of utility?
When Fletcher returned a shirt they had purchased at dillard's for a refund, they essentially reversed the effect of possession utility.
What is a possession utility?Possession utility refers to the premium value given to a product by virtue of the fact that the purchaser has the established legal right to own and use it freely. Possession utility appeals to the actual act of product possession for example, consumers driving a new car off the lot or having furniture delivered to their home.
Therefore, the correct answer is as given above.
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a financial statement audit is designed to group of answer choices provide assurance on internal control and to identify significant deficiencies and material weaknesses. detect error or fraud in the financial statements, regardless of whether or not the error or fraud is material. obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to fraud or error. obtain absolute assurance on the financial statements and express an opinion on the financial statements.
A financial statement audit is designed to provide assurance of internal control and to identify significant deficiencies and material weaknesses.
A financial statement audit is an independent auditor's review of the financial statements and related disclosures of an entity.
As a result of this investigation, the auditor has produced a report attesting to the fairness of the presentation of the financial statements and any pertinent disclosures. When issued to the intended recipients, the financial statements must be accompanied by the auditor's report.
A financial statement audit's goal is to give a business's reported financial situation and performance more validity. All publicly traded companies are required to submit annual reports that have been audited to the Securities and Exchange Commission.
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a multinational organization is extremely confident about its latest product and releases a single version of the product across the world. the organization is adopting a(n) strategy with its new product.
The organization is adopting a global strategy with its new product.
A company that has a global strategy is one that is eager to compete and grow in the international market. The global strategy consists of the plans and strategies it employs to grow in other nations so that it can increase the revenue from the goods and services it provides there. Managers adopt a global strategy when they decide that businesses should utilise the same fundamental marketing strategy and offer the same standardised product in every national market where it competes.
It offers more chances for ideas created locally or in one country to be used in other markets. This is done in order to advertise or market its goods and services internationally. This approach is taken in response to the various characteristics of international commerce and the state of the global markets.
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the forecasting method that pools the opinions of high-level executives, often in a round-table group discussion, is called
The forecasting method that pools the opinions of high-level executives (such as experts or managers), often in a round-table group discussion, is called the jury of executive opinion.
The jury of executive opinion is a method of forecasting using a composite forecast made by a group of individual experts. The experts form their own opinions and view initially from the data given and revise their opinions and view according to the opinions of others. Finally, the final opinions of individuals are combined. The jury of executive opinion is one of the frequently used and the most familiar of all forecasting techniques which is based on qualitative sales forecasting.
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if the demand curve for funds increased but the supply curve remained constant, we would expect to see the total amount of funds supplied and demanded increase and interest rates in general also increase. a. true b. false
The statement, "If the demand curve for funds increased but the supply curve remained constant, we would expect to see the total amount of funds supplied and demanded increase and interest rates in general also increase." is True.
A demand curve is a graphical representation of how many units of a good or service a consumer is willing and able to purchase at various prices.
It is typically downward-sloping, reflecting the fact that as funds increase, consumers are typically willing and able to purchase fewer units of a good or service. The demand curve is a key tool in economics, used to help understand and predict consumer behavior.
Hence, the statement is "True"
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the income statement is a permanent document that is used to record what you own (assets) and what you owe (liabilities) on a specific date. true false
The statement about income above is false. It is because income statement or known as profit and loss account is used to record a temporary transactions relating to revenue and expenses.
In business, a profit and loss account or also known as income statement generally can be described as one of the financial statements of a company and shows the company's revenues and expenses during a particular period. A profit and loss account or also known as income statement indicates how the revenues are transformed into the net profit or also net income.
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The above statement is a false statement about the income statement. The balance sheet is a document that is used to record what you own (assets) and what you owe (liabilities) on a specific date.
An income statement is a financial statement that lists the revenue and expenses of the company. Additionally, it displays a company's profit or loss over a specific time frame.
A balance sheet is a financial statement that lists a company's assets, liabilities, and shareholder equity.
It offers a snapshot of the assets and liabilities of a corporation as of the publication date.
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if the real exchange rate for coal is 1.5, the price of coal in the united states is $50 per ton, and the price of coal in britain is 20 british pounds per ton, what is the nominal exchange rate? a. 5/3 or 1.67 pounds per dollar b. 4/15 or 2.67 pounds per dollar c. 3/5 or 0.6 pounds per dollar d. 15/4 or 3.75 pounds per dollar
The nominal exchange rate is 3/5 based on the information provided. Hence, the correct option is (c.) 3/5 or 0.6 pounds per dollar.
What is a nominal exchange rate?The nominal exchange rate, or the price of one currency in terms of another, is well known to most people. It is generally stated as the foreign currency's domestic price.
Given:
Real exchange rate=1.5
Price(United state)=$50 per ton
Price(Britain)=20 pounds per ton
Hence:
1.5 = Nominal Exchange rate ×50/20
Nominal Exchange rate = 1.5 × 20/50
Nominal Exchange rate = 30/50
Nominal Exchange rate = 3/5
In conclusion, the nominal exchange rate is 3/5 or 0.6 pounds per dollar.
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in a partially amortized loan with a balloon payment; when the balloon becomes due: what is the usual course of action?
Extend the loan for another period (roll-over) is the usual course of action.
A loan is when money is given to some other birthday celebration in exchange for repayment of the loan essential amount plus interest. creditors will remember a prospective borrower's income, credit score, and debt ranges before figuring out to offer them a mortgage.
A mortgage is money borrowed from a bank or monetary group. The borrower concurs to pay lower back the foremost quantity of the loan plus hobby. There are numerous sorts of loans, such as vehicle loans, student loans, and home mortgages.
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cash equivalents: multiple choice include accounts receivable. are recorded in petty cash. include 5-year certificates of deposit. are short-term, highly liquid investment assets. include long-term investments.
Cash equivalents are short-term, highly liquid investment assets.
What are cash equivalents?When an asset is said to be cash equivalent, it means that the asset is very liquid and can easily be converted to be used as cash. As a result, it can also be traded in certain markets in place of cash.
An example of a cash equivalent asset is short term and highly liquid investment assets such as commercial paper, money market instruments, and U.S. Treasury bills which mature in months. Cash equivalents allow a company to invest and still have liquid assets.
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hotel dreamlandia has a unique concept, with all the hotels having exactly 250 rooms and the same layout for all of its 200 locations that are spread out equally around the globe. hotel dreamlandia is likely using:
Hotel Dreamlandia has a unique concept, with all the hotels having exactly 250 rooms and the same layout for all of its 200 locations. Hotel Dreamlandia is likely using Undifferentiated Marketing.
Undifferentiated Marketing is employed by businesses that make items for everyday usage. This approach allows you to design campaigns without conducting extensive market research to learn what your target audience wants and needs. As many individuals as possible are to be influenced and reached by the plan. Marketers employ radio, TV, and newspapers as platforms for product marketing in order to accomplish this aim. As a consequence, the corporation makes the product more widely known, which has a direct impact on the volume of sales and overall income.
For commonly consumed goods like gasoline, soft drinks, dairy products, bread, personal hygiene products, etc., this strategy makes the most sense. Due to the constant evolution of consumer values, attitudes, and behavior, businesses that sell these products should always keep an eye on it.
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if the present value of $480 to be paid at the end of one year is $400, what is the one-year discount factor?
The one-year discount factor is 0.8333.
What is a “Discount Factor”?
In financial modeling, the phrase "discount factor" is most frequently used to calculate the present value of future cash flow values. The future cash flow is multiplied by this weighting factor in order to discount it to the present value. The rate of return that a capital expenditure project must reach in order to be accepted is known as a company's discount factor.
Discount factor is used to determine the net present value of projected future cash flows and to assess how much the investment was worth. The net future value of an investment is calculated using the discount factor, which is also used to calculate the expected profits and losses based on future payments.
Given:
Present value = $480
To be paid at the end of one year = $400
So the discount factor = 400/480
= 0.8333
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melissa intends to say something to the new employee that will make him feel welcome as a member of the team. the thought that melissa intends to communicate is known as
Melissa wants to make the new hire feel like a member of the team by saying something to him. Meaning is the concept that Melissa is trying to convey.
Who is employee?A person engaged by an employer to do a certain task is known as an employee. Employers are in charge of deciding how much an employee is paid, when they work, and how they work.
Employee purpose is the sense of significance that employees derive from their work and the degree to which their ideals are shared by a company. It ultimately comes down to giving staff members the tools and support they need to infuse meaning into their workdays and professional environments.
An employee who is exempt from overtime compensation is known as an exempt employee. It refers to a group of workers who are not entitled to the Fair Labor Standard Act's minimum wage or overtime protections (FLSA). Instead of receiving hourly pay, exempt personnel receive a remuneration for their professional services
What is Communication?Sending and receiving messages through both verbal and non-verbal means is the process of communication. The goal of communication is to create an understanding between two or more people through sharing information in the form of thoughts, views, and ideas.
Three main methods of communication can be distinguished: verbal communication, which requires listening to understand meaning, written communication, which requires reading meaning, and nonverbal communication, which involves observation and inference.
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The debate between paula’s consultants centers around which factor affecting the promotional mix?.
The debate between paula’s consultants centers around the nature of the product in the promotional mix.
What is a promotional mix?In marketing, a promotional mix refers to the blend of promotional variables chosen by marketers to help a firm reach its goals. This mix has been identified as the subset of the marketing mix and we believed that there is an optimal way of allocating budgets for the different elements within the promotional mix to achieve best marketing results and the challenge for marketers is to find the right mix of them.
In this context, the promotional mix includes the Stage in the product life cycle, Nature of the product, Coordinating timing of promotional elements and Available marketing fund.
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marketers who want to evaluate whether or not a specific marketing initiative was successful would do so by using business metrics to measure performance. this marketing strategy is referred to as
Marketers who want to evaluate whether or not a specific marketing initiative was successful would do so by using business metrics to measure performance. This marketing strategy is referred to as marketing analytics.
Marketing analytics involves utilizing data to assess the success and efficacy of marketing initiatives. You may improve your marketing goals, gain deeper customer insights and maximize your return on investment by using marketing analytics.
Both marketers and consumers profit from marketing analytics. By determining what is effective in promoting conversions and brand awareness, this analysis enables marketers to increase the return on marketing investments. Analytics also makes sure that consumers see more relevant, individualized adverts that appeal to their unique needs and interests rather than annoying mass communications.
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a home mortgage extends for 20 years at 8 percent interest compounded monthly. the payments are also made monthly. after how many months will half of the principal be paid off?
After 164 months, half of principal will be paid off on a home mortgage that extends for 20 years at 8 percent interest compounded monthly.
What is mortgage?A mortgage is a loan given by a bank or another financial organization to assist a borrower in buying a home. The actual house is used as security for the mortgage. In other words, if the borrower stops making regular loan payments and fails, the lender may sell the house to recuperate its losses.
A 30-, 20-, or 15-year mortgage loan is a common example of a long-term debt. You'll pay back both the amount you borrowed and the interest incurred on the loan within this time period (known as the loan's "term"). People borrow money to buy homes using mortgages as collateral. A bank or other lender will be your partner in obtaining a mortgage.
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zinc, inc. allows its customers a 2% discount if they pay cash and otherwise allows 30 days credit. 15% of their customers take the discount and pay in the month of purchase. the remainder pay in the month following purchase. sales in october are $25,000 and sales for november are projected to be $30,000. calculate cash inflows for november:
Zinc, inc. allows its customers a 2% discount if they pay cash and otherwise allows 30 days credit. Cash Inflows for November = $25,660.
Cash Inflows for November = Cash Sales less discounts from November Sales + Credit Sales from October Sales
November's cash inflows are calculated as follows: 15% * $30,000 * (1 - 0.02) + 85% * $25,000.
November's inflows of money equal $4,410 plus $21,250.
Inflows of cash for November equal $25,660
Chemically speaking, zinc is an element with the symbol Zn and atomic number 30. At room temperature, zinc is a slightly brittle metal that, when the oxidation is removed, appears shiny-grey. The body only requires trace amounts of zinc, but despite this, nearly 100 enzymes rely on it to carry out essential chemical reactions. It plays a significant role in the production of DNA, cell growth, protein synthesis, tissue repair, and maintenance of a strong immune system.
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true or false: fiscal policy is probably the most direct way either to stimulate or to slow the economy.
It is true to say this. Fiscal policy can end the business cycle; monetary policy cannot. A crucial instrument at the government's disposal to affect a country's economic growth is fiscal policy. The monetary policy is used in conjunction with the fiscal policy to regulate a nation's money supply.
If inflation becomes uncontrollably high, the economy may require a slowdown. A government can employ fiscal policy in this case to raise taxes and drain money from the economy. Government spending may need to be cut as a result of fiscal policy, which would reduce the amount of money in circulation.
The use of government spending and tax policies to affect macroeconomic variables, such as total demand, employment, inflation, and economic growth is known as fiscal policy.
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time management experts often recommend that you write goals for your education or career and leave other areas of life unplanned.
Time management specialists frequently advise writing down objectives like your education or profession while leaving other elements of your life unscheduled, however this advice is untrue.
What is your definition of management?In order to achieve desired goals and objectives, the person or group of people should be challenged and managed, according to the concept of management. Furthermore, the ability to organize, monitor, and help guide is a part of management.
Why is the management important?A manager's job is to give all attempts to achieving organizational objectives general direction and leadership. Increasing effectiveness: Through effective planning, organizing, managing, and directing, management increases productivity, which in turn helps the business become more efficient.
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a(n) contract is a type of contract in which the sale itself is contingent on approval; it can either be a sale-on-approval contract or a sale-or-return contract.
A conditional sales contract is a type of contract whereby the sale itself is contingent on approval; it can either be a sale-or-return contract or a sale-on-approval contract.
A conditional sale is referred to as a sale where the buyer receives possession of and the right to use certain products and goods; however, the title remains with the seller until the performance of a condition is met by the purchaser. Under the contract of conditional sales, ownership does not pass to the purchaser of the goods and products until a specific condition is met or after a certain time period. Typically, this condition is the purchaser's full payment of the purchase price. An installment contract is a conditional sale.
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the practice of charging each and every consumer the price she is willing and able to pay for a good or service describes:
The practice of charging each and every consumer the price she is willing and able to pay for a good or service describes price discrimination.
Price discrimination is a sales approach in which the seller charges varying prices for the same product or service based on what the vendor believes the consumer will agree to. In pure price discrimination, the supplier charging each consumer the highest possible price. Price discrimination is used by businesses to enhance profits. Price discrimination allows enterprises to give a high price to well-off consumers and a low price to the most price-sensitive consumers in a broad market because a large market often comprises many different sorts of consumers.
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the tracking signal for the forecast in the following table is: month forecast demand actual demand april 200 190 may 185 210 june 180 190 july 230 210 august 215 185 a. more than -4 but less than or equal to -2. b. more than -2 but less than or equal to 0. c. more than 0 but less than or equal to 2. d. more than 2 but less than or equal to 4.
The tracking signal for the forecast in the following table is More than -2 but less than or equal to 0.
TS (Tracking Signal) is provided by:
RSFE = MAD / RSFE
Here,
Running Sum of Forecast Error (RSFE) = ∑(Actual - Forecast)
Mean Absolute Deviation (MAD) = ∑|Actual - Forecast| / n
Therefore,
RSFE = (190 - 200) + (210 - 185) + (190 - 180) + (210 - 230) + (185 - 215)
= -25
MAD = (|190 - 200| + |210 - 185| + |190 - 180| + |210 - 230| + |185 - 215|) / 5
= 19
Hence:
Tracking Signal = -25 / 19
Tracking Signal = -1.316
More than -2 but less than or equal to 0
The difference between the actual and the forecasted values for sales, inventory, or any other aspect of future demand for an organization is automatically signaled by a tracking signal. When unexpected deviations from the forecasts in the results occur, it monitors and alerts.The ratio of the mean absolute deviation to the total sum of the deviations between the estimated forecasts and the actual values is known as a tracking signal. The tracking signal ratio mentioned above is used as the smoothing parameter in simple exponential smoothing in Trigg and Leach's 1967 adaptive method of forecasting.Learn more about Tracking Signal, here
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your balance from the previous month is $850. on the 5th day of the billing cycle, you charged $280. on the 7th day of the billing cycle, you charged $125. on the 10th day of the billing cycle, your account was credited with a payment of $350. on the 20th day of the billing cycle, you charged $500. on the 25th day of the billing cycle, another payment was credited to your account for $500. your billing cycle is 28 days in length and you pay 18.99% apr. find the finance charges for this scenario.
Any fee related to borrowing credit is considered a finance charge. Finance charges are a tool credit card companies employ to offset the risk of non-payment.
What are some instances of finance charges?These financing costs include items like credit card annual fees, account maintenance fees, penalties for paying loans or credit cards after the due date, and transaction fees for accounts. By paying off the entire balance on your credit card each month, you can reduce finance charges.
Day Opening Balance Purchase/charge Payment Closing Balance
1 850 0 0 850
2 850 0 0 850
3 850 0 0 850
4 850 0 0 850
5 850 280 0 1130
6 1130 0 0 1130
7 1130 125 0 1255
8 1255 0 0 1255
9 1255 0 0 1255
10 1255 0 350 905
11 905 0 0 905
12 905 0 0 905
13 905 0 0 905
14 905 0 0 905
15 905 0 0 905
16 905 0 0 905
17 905 0 0 905
18 905 0 0 905
19 905 0 0 905
20 905 500 0 1405
21 1405 0 0 1405
22 1405 0 0 1405
23 1405 0 0 1405
24 1405 0 0 1405
25 1405 0 500 905
26 905 0 0 905
27 905 0 0 905
28 905 0 0 905
Total 29,120.00
No.of days 28:00
Avg. Daily balance 1,040.00
Now interest amount/finance charges = average daily balance × APR/365 × no. of days
= 1040 × 18.99%/ 365× 28
= 0.5410849 × 28
= 15.15
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g what is the optimum cost-time... the direct and indirect costs for each duration (days) for a project are as shown in the tables below. compute the direct, indirect, and total costs for crashing one day at a time from this project. what is the optimum cost-time schedule? the customer offers you $10 for every day you shorten the project from your original network. would you take it? if so for how many days? include the incentive amount in your total cost calculations. activity crash cost maximum id (slope) crash time normal time normal cost a 80 2 10 40 b 30 3 8 10 c 40 1 5 80 d 50 2 11 50 e 100 4 15 100 f 30 1 6 20 total direct normal costs $300 time units indirect costs 27 $300 26 240 25 180 24 120 23 60 22 50 prevquestion 5 of 5 total5 of 5visit question mapscore answer mcgraw hill
The maximum amount of time before a project costs more is 25 days. The project's ideal cost-time schedule is 25 days at a cost of $540.
Total direct cost 330+50= 380
Total indirect cost 180
Total incentives 2x10 = $ 20
Total cost 380+180-20=$540
In project management, all implicit expenses associated with a project are referred to as indirect costs. Another name for indirect costs is burden costs or overhead costs. Other names for indirect costs, sometimes known as burden costs, are factory overhead, manufacturing burden, indirect production expenses, and labour burden. Support expenditures that are not directly connected to a project's activities are known as indirect costs.
Costs that cannot be immediately linked to a cost object are known as indirect costs (such as a particular project, facility, function or product). You can have fixed or variable indirect charges. Expenses for administration, personnel, and security are examples of indirect costs. These are expenses that have nothing to do with manufacturing. Overhead may be a part of some indirect costs. Some overhead expenses, however, are direct costs that can be clearly linked to a project.
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jenna is seeking to raise money to develop a new app where individuals can buy and sell used clothing. she is looking for long-term investors in her product, and she wants to protect her personal assets from any liabilities associated with borrowing capital. which form of business structure would clearly meet jenna's needs? a.) partnership b.) limited liability partnership c.) sole proprietorship d.) corporation
The correct choice is option c. Sole proprietorship .A person who runs an unincorporated business alone is known as a sole proprietor.
What is a sole proprietor?A person who runs an unincorporated business alone is known as a sole proprietor.However, if you want to classify a domestic limited liability company (LLC) as a corporation and you are the only member, you are not a sole owner. Small companies like a neighborhood grocery store, a neighborhood clothing store, an artist, a freelance writer, an IT consultant, a freelance graphic designer, etc. are examples of sole proprietors. An LLC exists independently of its members, who are its proprietors.Members are not personally liable for the obligations and liabilities of the company, nevertheless.The LLC is in charge here.A sole proprietorship is a single person-owned, unincorporated company. A sole proprietorship has many advantages, including little paperwork and inexpensive setup.There is also how simple it is to maintain.It's actually the simplest and least expensive form of business you may start, according to the SBA. The owner of a sole proprietorship is personally liable for all of the company's debts, putting his or her personal assets and future earnings at jeopardy.This is the main justification for staying away from sole proprietorships.To learn more about sole proprietor refer
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When a market is monopolistically competitive, the typical firm in the market is likely to experience a.
When a market is monopolistically competitive, the typical firm in the market is likely to experience a 'negative or positive profit in the short run and zero profit in the long run'.
A market is termed as momonopolistically competitive when there are many industries producing the same type of products. These products are similar but not perfect substitutes. When a company enters into a monopolistic market, usually it faces very low barriers it is because the decisions of any company do not directly impact its competitors.
In a monopolistic competitive market companies differentiate their products based on their pricing and marketing strategies. In the monoplotically competitive market, it is more likely that firms may experience negative or positive profit in the short run whereas zero profit in the long run.
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if fixed costs are $432,600 and the unit contribution margin is $21, how many units must be sold in order to realize an income from operations of $268,800? a.49,200 b.46,200 c.7,800 d.33,400
Option d. 33,400 is the correct answer. The number of units that must be sold in order to realize an income from operations is 33,400 units
The incremental profit made for each unit sold is calculated by subtracting the product's price from any related variable costs. The total income that can be used to cover fixed costs and turn a profit is represented by an entity's total contribution margin.
Fixed costs = $432,600
Required income from operations = $268,800
Total money required to be recovered = $432600 + $268800 = $7,01,400
Contribution margin = $21
Number of units that must be sold = Total money required to be recovered/Contribution margin
= 701400/21 = 33,400
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