According to the eclectic paradigm, ownership-specific advantages, location-specific advantages, and internalization advantages are of considerable importance in explaining both the rationale for and the direction of foreign direct investment.
Ownership-specific advantages refer to the unique assets and capabilities that a company possesses, such as technology, brand recognition, and intellectual property. Location-specific advantages refer to the benefits of locating in a particular country or region, such as access to natural resources, skilled labor, or favorable government policies.
Internalization advantages refer to the benefits of managing foreign operations in-house rather than relying on external partners or intermediaries. Together, these advantages help explain why firms choose to invest in foreign countries and which countries or regions are most attractive for investment.
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The rates of on-time flights for commercial jets are continuously tracked by the U.S. Department of Transportation. Recently, Southwest Air had the best rate with 80% of its flights being on time. A test is conducted by randomly selecting 15 Southwest flights and observing whether they arrive on time.
1. Explain why this test satisfies the requirements for a binomial experiment. What is success? What is n, p, and q?
2. Find the probability that exactly 10 flights arrive on time.
3. Find the probability that at least 10 flights arrive on time.
4. Find the probability that at least 10 flights arrived late.
5. Would it be unusual for Southwest to have 5 or more flights arrive late? Why or why not ?(Give probability of 5 or more flights arriving late and support your position)
The number of trials, n, is 15. The probability of success, p, is 0.8 (since 80% of Southwest flights are on time). The probability of failure, q, is 0.2.
1 ) This test satisfies the requirements for a binomial experiment because the following conditions are met:
1. The experiment consists of a fixed number of trials (15 Southwest flights).
2. Each trial is independent of the others.
3. There are only two outcomes for each trial: the flight is either on time or it's not (success or failure).
4. The probability of success (being on time) is constant for each trial, denoted as p.
5. The probability of failure is denoted as q. Success is defined as the flight arriving on time. Therefore, success is having an "on-time flight".
The number of trials, n, is 15. The probability of success, p, is 0.8 (since 80% of Southwest flights are on time). The probability of failure, q, is 0.2.
2 ) The probability that exactly 10 flights arrive on time can be calculated using the binomial probability formula:
P(X = 10) = (15 choose 10) * (0.8)^10 * (0.2)^5
P(X = 10) = 3003 * 0.1073741824 * 0.327680
P(X = 10) ≈ 0.344
3 ) The probability that at least 10 flights arrive on time can be calculated by adding the probabilities of having 10, 11, 12, 13, 14, or 15 flights arrive on time:
P(X ≥ 10) = P(X = 10) + P(X = 11) + P(X = 12) + P(X = 13) + P(X = 14) + P(X = 15)
P(X ≥ 10) ≈ 0.752
4 ) The probability that at least 10 flights arrived late can be calculated by subtracting the probability of having less than 10 flights arrive late from 1:
P(X ≥ 10) = 1 - P(X < 10)
P(X < 10) = P(X = 0) + P(X = 1) + ... + P(X = 9)
P(X < 10) ≈ 0.247
Therefore, the probability that at least 10 flights arrived late is:
P(X ≥ 10) ≈ 1 - 0.247 = 0.753
5 ) It would be unusual for Southwest to have 5 or more flights arrive late. The probability of having 5 or more flights arrive late can be calculated by adding the probabilities of having 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, or 15 flights arrive late:
P(X ≥ 5) = P(X = 5) + P(X = 6) + P(X = 7) + P(X = 8) + P(X = 9) + P(X = 10) + P(X = 11) + P(X = 12) + P(X = 13) + P(X = 14) + P(X = 15)
P(X ≥ 5) ≈ 0.004
This is a small probability, so it would be unusual for Southwest to have 5 or more flights arrive late.
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Arrange the following revenues in the federal government, from greatest to
least.
Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
= individual income taxes
= customs duties
= miscellaneous revenue
How do you get cheap airline tickets?
Abuse involves payment for items or services when there is no legal entitlement to that payment and the provider has not knowingly or intentionally misrepresented facts to obtain payment.
Abuse includes payment for products or services when there is no legal entitlement to that payment and the provider has not knowingly or intentionally misrepresented facts to obtain payment is a True Statement.
Abuse comprises incidents or provider actions that are contrary to established, ethical standards in medicine, business, or finance. The program may incur extra expenditures, inappropriate payments, or payments for treatments that do not adhere to generally accepted standards of care or are medically unnecessary as a result of these activities.
A few examples of abuse billing are billing for goods or services that weren't delivered and modifying claim forms to achieve a bigger reimbursement amount or charging the patient for a higher level of service than was actually provided to the patient.
Abuse involves payment for items or services when there is no legal entitlement to that payment and the provider has not knowingly or intentionally misrepresented facts to obtain payment. True/False
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if james's marginal and average total costs are $8, and his firm is in a perfectly competitive industry, the industry will produce an output of _____ barrels. True or false?
True. In a perfectly competitive industry, firms produce at the point where marginal cost (MC) equals average total cost (ATC). Given that James's marginal and average total costs are both $8, his firm is in equilibrium.
In this situation, the industry will produce an output level where the market price is also equal to $8. This ensures that all firms in the industry, including James's, are maximizing their profits and producing the most efficient output.
The given information about James's costs does not provide enough information to determine the industry output level. The industry output level is determined by the intersection of the market demand and supply curves, not by an individual firm's costs. In a perfectly competitive industry, firms produce at the point where marginal cost (MC) equals average total cost (ATC). Given that James's marginal and average total costs are both $8, his firm is in equilibrium.
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Sharon is opening a new pizza restaurant that will use a combination of workers and ovens to produce pizzas. Sharon knows from experience that the total number of pizzas she can produce in an hour is given by the function q=4K0.5L0.5 , where q is the number of pizzas per hour, K is the number of ovens, and L is the number of workers. Suppose another pizza restaurant in the same town can produce 19 pizzas per hour. Being an extremely competitive person, Sharon wants to produce 20 pizzas per hour. Therefore, his total hourly cost function is given by ____
Answer:
Q+X = [4K^1/2L^1/2] + X
Explanation:
L = labour = workers
K = capital = ovens
You don't have the exact value of Q since the values of K and L are not given.
You should however note that Q is less than or equal to 19 pizzas/hour, since Sharon sought to stretch his capacity by producing up to 20 pizzas/hour owing to the presence of a competitor.
Assuming the distance/difference between 20 and Q is X (a positive number).
Sharon's new hourly cost function will be:
\(Q+X = [4K^1/2L^1/2] + X\)
Q+X = 20 and the law of mathematics states that whatever you add to the left hand side must be added to the right hand side, hence the addition of X to both sides of the equation instead of the left hand side alone.
The function can now be rewritten as 20 = [4K^1/2L^1/2] + X
where X = 20 - Q
Choose the era that best matches the statement given.
A company who has pleasing the customer in its mission statement
Answer:
Marketing company era
Explanation:
They need to get their product out there, so they use mission statements to please the customer, which is marketing.
Kubin Company’s relevant range of production is 12,000 to 16,000 units. When it produces and sells 14,000 units, its average costs per unit are as follows:
Direct materials $ 7.30
Direct labor $ 4.30
Variable manufacturing overhead $ 1.80
Fixed manufacturing overhead $ 5.30
Fixed selling expense $ 3.80
Fixed administrative expense $ 2.80
Sales commissions $ 1.30
Variable administrative expense $ 0.80
Required:
1. If 12,000 units are produced and sold, what is the variable cost per unit produced and sold?
2. If 16,000 units are produced and sold, what is the variable cost per unit produced and sold?
3. If 12,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
4. If 16,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
5. If 12,000 units are produced, what is the average fixed m
Answer:
1. If 12,000 units are produced and sold, what is the variable cost per unit produced and sold?
variable cost per unit = $7.30 + $4.30 + $1.80 + $1.30 + $0.80 = $15.502. If 16,000 units are produced and sold, what is the variable cost per unit produced and sold?
variable cost per unit = $7.30 + $4.30 + $1.80 + $1.30 + $0.80 = $15.503. If 12,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
$15.50 x 12,000 = $186,0004. If 16,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
$15.50 x 16,000 = $248,0005. If 12,000 units are produced, what is the average fixed m
average fixed manufacturing cost = ($5.30 x 14,000) / 12,000 = $6.1833 average fixed selling expense = ($3.80 x 14,000) / 12,000 = $4.4333average fixed administrative expense = ($2.80 x 14,000) / 12,000 = $3.2667total fixed expenses per unit = $13.8833Will's Pizza can make 12 pizzas in 45 minutes. How many pizzas can they make in 4 hours?
Answer:
sixty four :)
stakeholder impact analysis is a blank -step process that allows managers to better understand and address stakeholders' needs. multiple choice question.
Stakeholder impact analysis employs analytical tools and techniques to quantify and analyze the impact of business decisions on the business's stakeholders. Therefore the given statement is true.
What is stakeholder impact analysis?Stakeholder impact analysis makes use of analytical tools and techniques to quantify and analyze the impact of business decisions on the stakeholders of the business. It is a critical task for a company's management. It is used to develop business strategy and make decisions about production, distribution, and final sales.Stakeholder analysis is the process of gathering information about anyone who will be impacted by (or has the potential to be impacted by) your project. Stakeholder analysis allows you to identify all of your stakeholders, as well as their needs and expectations.Stakeholder Impact Analysis is the communication of thoughts, beliefs, needs, feedback, and so on by individuals identified as stakeholders for any given impact area.The complete question:
"stakeholder impact analysis is a blank -step process that allows managers to better understand and address stakeholders' needs. multiple choice question. True or false."
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Boundaries serve to protect the welfare of clients because: A) counselors are vulnerable in counseling relationships.
B) clients are vulnerable in counseling relationships.
C) counselors and clients would often become friends if boundaries did not exist.
D) counselors and clients naturally are attracted to each other.
E) clients might use counselors to get their personal needs met if there were no boundaries
Boundaries serve to protect the welfare of clients because counselors are vulnerable in counseling relationships. There is no agreement among professionals as to which dual connections are appropriate and which are not regarding the interactions between counsellors and their clients.
By teaching and reinforcing the skills clients need to become healthy, boundaries and effective limit-setting assist in protecting and empowering clients. Limits increase client engagement and foster respect. Over time, a client will appreciate and trust you even if you and they disagree about a boundary. Boundaries are established restrictions or guidelines that aid in ensuring this safety and safeguard both the client and the therapist.
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A perfectly competitive industry has ______ entry barriers and ______ small firms.
A perfectly competitive industry has low entry barriers and numerous small firms.
In a perfectly competitive industry, there are minimal entry barriers. This means that new firms can easily enter the market without facing significant obstacles or restrictions. Examples of low entry barriers include low startup costs, absence of government regulations, and readily available resources or technology.
Additionally, a perfectly competitive industry is characterized by a large number of small firms. These firms are relatively small in size and have limited market power. Since there are many small firms competing with each other, no individual firm has the ability to influence the market price. This leads to price-taking behavior, where firms must accept the market price as given and adjust their production accordingly.
The presence of numerous small firms in a perfectly competitive industry promotes competition and efficiency. Firms are motivated to offer the best quality products or services at the lowest possible price in order to attract customers and increase their market share. This competition benefits consumers as it leads to lower prices, greater choice, and increased innovation.
In summary, a perfectly competitive industry has low entry barriers, allowing new firms to enter the market easily, and consists of numerous small firms that compete with each other on price and quality.
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Question 2 of 40
What does the 'P' in the acronym PEST stand for?
A. Price
B. Political
C. Promotion
O D. Positive
SUBN
Answer:
The answer would be B. Political.
Explanation:
PEST Analysis (Political, Economic, Social, and Technological) is a management method whereby an organization can assess major external factors that influence its operation in order to become more competitive in the market. As described by the acronym, those four areas are central to this model.
The 'P' in the acronym PEST stands for political. The correct option is B. Political, Economic, Social, and Technological analysis is known as PEST analysis. This kind of analysis is used to evaluate outside variables that might affect a company's profitability.
What is political in PEST analysis?The threats and weaknesses used in a SWOT analysis are found using a PESTEL analysis. Political factors include government leadership, change, and policies related to foreign trade, as well as internal political issues and trends, tax policy, and trends in regulation and deregulation.
A measurement tool called PEST Analysis is used to evaluate markets for a specific product or industry over a specific period of time. Political, Economic, Social, and Technological (PEST) factors Organizations can make better business decisions after these factors are analyzed.
Thus, the ideal selection is option B.
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the exponential form of 6×6×6×6 is 6 the base is 4 True or False?
What is wisdom?
Wisdom is impossible to define.
Wisdom is knowing what to do by instinct.
Wisdom is a basic understanding of life principles and how to apply them.
Wisdom is learning gained from books.
Answer:
C (I think)
Explanation:
Wisdom is something gained by a combination of knowledge and experience. that is why wise people are typically portrayed to be old, although young people can be wise too in certain areas.
When it comes to a sales position, I strongly prefer a role where the majority of my time is spent managing and growing existing accounts, versus prospecting for new accounts
In a sales position, the preference is for a role focused on managing and growing existing accounts rather than prospecting for new accounts.
Managing and growing existing accounts can offer several advantages for a sales professional. Firstly, it allows for building strong relationships with clients over time, enabling a deeper understanding of their needs and preferences. This familiarity can lead to increased trust and loyalty, making it easier to identify opportunities for upselling or cross-selling.
Additionally, by focusing on existing accounts, a salesperson can leverage their existing knowledge and expertise to provide tailored solutions and personalized service, further enhancing client satisfaction. This approach also reduces the need for constant prospecting and cold calling, which can be time-consuming and often yield uncertain results.
Instead, the emphasis is on nurturing and expanding relationships with established clients, maximizing their lifetime value and potentially generating referrals or positive word-of-mouth. Overall, prioritizing the management and growth of existing accounts can provide a more stable and predictable sales pipeline while allowing for deeper client engagement and relationship-building.
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state the importance of product promotion
Answer:
It increases the speed of product and service acceptance. Aids in the sales of goods and services in imperfect market conditions. It provides effective sales support. Fills the gap between the manufacturers and the end consumers.
A building acquired at the beginning of the year at a cost of $82,000 has a residual value of $6,600 and an estimated useful life of four years. Determine the following :
a)The double -declining-balance rate
b)The double -declining-balance depreciation for the first year.
The double-declining-balance rate for the building is 50%, and the first-year depreciation using this method is $41,000.
We will determine the double-declining-balance rate and the first-year depreciation for the given building.
a) To find the double-declining-balance rate, we need to first calculate the straight-line depreciation rate. The formula for this is:
Straight-line depreciation rate = (1 / Useful life) × 100%
Using the given information:
Useful life = 4 years
Straight-line depreciation rate = (1 / 4) × 100% = 25%
Now, to calculate the double-declining-balance rate, we simply double the straight-line depreciation rate:
Double-declining-balance rate = 2 × Straight-line depreciation rate
Double-declining-balance rate = 2 × 25% = 50%
b) To find the double-declining-balance depreciation for the first year, we'll use the following formula:
First-year depreciation = (Double-declining-balance rate × Book value at beginning of year) / 100
Book value at beginning of year = $82,000
First-year depreciation = (50% × $82,000) / 100 = $41,000
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answers for question 11!!!!
Answer:
C!!
Explanation:
Two Major Types of Markets • Consumer Market -- All the individuals or households that want goods and services for personal use and have the resources to buy them. Business-to-Business (B2B) -- Individuals and organizations that buy goods and services to use in production or to sell, rent, or supply to others.
Workplace technology is relied upon by businesses to increase
O A. Employee turnover
O B. Philanthropy
O C. Efficiency and effectiveness
O D. Malfunction and futility
Answer:
C
Explanation:
Workplace Technology focues on maximizing effency to increase profit margines
Suppose the quantity demanded of good X (Qd) depends only on the price of good X (P), monthly income (M), and the price of a related good R (PR) and M is $80,000 and PR is $100:
Qd = 30,000 −1,000P + 0.25M + 5PR
Qs = −10,000 + 2,000/3P
Total consumer surplus in equilibrium is _____. Total producer surplus in equilibrium is ______. The net gain to society created by the market for good X is ______
Where the above conditions are given,
Total consumer surplus in equilibrium $6,084,675
Total producer surplus in equilibrium - $6,084,675
Net gain to society created by the market for good X - $12,169,350
How is this so?Given -
Qd = 30,000 - 1,000P + 0.25M + 5PR
Qs = -10,000 + (2,000/3)P
M = $80,000
PR = $100
Equating Qd and Qs -
30,000 - 1,000P + 0.25M + 5PR = -10,000 + (2,000/3)P
30,000 - 1,000P + 0.25(80,000) + 5(100) = -10,000 + (2,000/3)P
30,000 - 1,000P + 20,000 + 500 = -10,000 + (2,000/3)P
50,500 - 1,000P = -10,000 + (2,000/3)P
50,500 = (2,000/3)P - 1,000P
151,500 = 2,000P - 3,000P
151,500 = -1,000P
P = -151.5
Since price cannot be negative, we disregard the negative value.
The equilibrium price is P = $151.50.
2) the quantity demanded equation
Qd = 30,000 - 1,000P + 0.25M + 5PR
Qd = 30,000 - 1,000(151.50) + 0.25(80,000) + 5(100)
Qd = 30,000 - 151,500 + 20,000 + 500
Qd = -101,000 + 20,500
Qd = -80,500
Since quantity cannot be negative, we disregard the negative value.
The equilibrium quantity is Q = 80,500.
3) Total consumer surplus = (1/2) * (Equilibrium Quantity) * (Equilibrium Price)
Total consumer surplus = (1/2) * 80,500 * 151.50
= $6,084,675
Total producer surplus = (1/2) * 80,500 * 151.50
= $6,084,675
Net gain to society = Total consumer surplus + Total producer surplus
Net gain to society = $6,084,675 + $6,084,675
= $12,169,350
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10 C What is the effect of education on employment?
The effect of education on Employment is that it increases the employment rate and reduces unemployment
Effect of Education on EmploymentWith proper education, individuals can get the skills needed to to employed as skilled labor and earn a decent amount of money as a salary.
Without education, most people become unemployed and at best even get a job that is not enough to take care of them.
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what are the importance of a scale ?
Answer:
The importance of scale is given below.
Explanation:
Scale becomes making it more effective also because of the severity of the challenges faced throughout environments including certain reducing inequality, the community, gender inequality as well as infrastructure need on-scale approaches. They are therefore merge-border in natural surroundings and therefore not based exclusively towards one venue.Incremental costs are also known as differential costs.a. Trueb. False
The statement, "Incremental costs are also known as differential costs" is true. Differential cost is equivalent to incremental cost and marginal cost. The total of the money resulting from two decisions is known as differential revenue.
The given statement "Incremental costs are also known as differential costs" is true because, a decision's differential cost, or the cost of changing the output level, is the difference between the costs of two potential options. The idea is applied when there are several viable alternatives to consider and a decision needs to be made on which option to choose and which to forgo.
The idea might be especially helpful in step costing scenarios, when it could be extremely expensive to produce an extra unit of output. As the focus is on the stark disparity in the prices of the alternatives or the change in output, there is no distinction between a differential cost's potential forms: variable, fixed, or a combination of the two.
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When a hotel does not fill a room and therefore the sale of that room on that day is lost forever, that refers to...
a.) product services-mix length
b.) seasonability
c.) perishability
d.) productservices-mix width
e.) tangible
Answer:
c.) perishability
Explanation:
The term perishability is used in marketing to describe the inability to keep or store services for sale in the future. Services are intangible and by nature. Once a service has been performed, it is deemed to have been consumed and cannot be returned or resold.
Once a service is offered, and the customer does take up the offer, it cannot be stored or kept for sale at a later date. If a hotel room is not booked for a particular night, the room does not generate any revenues for that night. The hotel cannot store the room services for that night and offer them to customers any other time. The inability to preserve a service for sale at a later date is what marketers refer to as perishability.
High-Low Cost Estimation and Simple Regression Analysis
Assume we have the following observations relating to overhead costs and direct labor hours for Department A of the ABC Company.
Direct Labor Hours Overhead Costs
15 40
20 50
14 35
13 30
18 44
15 36
12 31
16 41
18 42
19 45
Required:
1. Determine the budgeted overhead costs for Department A in a month where there are 13 direct labor hours if the high-low method of estimating cost behavior patterns is used.
2. Using regression analysis determine what the budeted overhead cost should be in a month when Department A should work 13 direct labor hours.
3. Does the regression line in #2 explain the data well? Why?
4. What is the range within which 95 percent of the observations should lie?
a) Equation: Y = 2.5 + 2.375x
b) Overhead = $32.511
c) The output's adjusted r square value is 92%.
d) The z value is 1.96 for 95%.
Equation:
Y = a + bx
Y = overhead cost
X = direct labor hours
b = (highest overhead cost - lowest overhead cost) / (labor hrs at highest cost-labor hrs at lowest cost)
b = (50 - 31) / (20 - 12)
b = 2.375
at 20 labor hrs cost is 50
50 = a + (2.375 * 20)
a = 2.5
The equation is Y = 2.5 + 2.375x
for 13 labour hrs the cost is = 2.5 + (13 * 2.375) = 33.375
b) overhead cost = 2.65 + 2.297 * direct labour hours
Overhead = 2.65 + (13 * 2.297) = 32.511
c) Adjusted r square value from the output is 92% which says how well the dependent variable is explained by the independent variable. Since it is high it explains the data well
d) for 95% the z value is 1.96
Z = (x - mean) / std
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Question 2 of 10
Jeremy doesn't have a lot of money to spend on advertising, but he knows his
target audience are local outdoor enthusiasts. Which type of media format
should Jeremy use to advertise?
A. Local newspapers
B. Billboards on busy streets
C. National television commercials
D. Plane banners
Answer:
B. Billboards on busy streets
Explanation:
Billboard advertising involves making use of large-scale print advertisements to market a company's products and services. Billboards are strategically mounted in high traffic areas to pass their message to as many people as possible. Busy highways and streets, strategically located buildings are ideal places to put billboards.
Jeremy should consider using billboards for the following reasons.
His clients are local outdoor enthusiasts; he needs to find out their favorite destinations are put billboards along the way. This way, he will capture their attention.Billboards are less costly compared to other advertisement options, such as television or plane banners.Billboards will be effective in his case. Because his clients are local, and billboards remain in place for several days or weeks, his target clients will not fail to spot them.Answer:local news papers
Explanation:
which country has the most donut shops per capita?
Canada has the most donut shops per capita in the world. There are about 1,500 donut shops per 10 million people in Canada.
Why does Canada have so many donut shops ?There are a few reasons why Canada has so many donut shops. One reason is that donuts are a popular food in Canada. They are often served for breakfast, lunch, or dinner. Another reason is that there are a number of large donut chains in Canada, such as Tim Hortons and Dunkin' Donuts.
These chains have helped to popularize donuts and make them more accessible to people across the country.
The high number of donut shops in Canada has also led to some innovation in the donut industry. There are now a number of unique and creative donut shops in Canada that offer a variety of different flavors and toppings.
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Sheridan Company produces flash drives for computers, which it sells for $20 each. The variable cost to make each flash drive is $13. During April, 650 drives were sold. Fixed costs were $1400 for the month. How much is the monthly break-even level of sales in dollars for Sheridan? $4000 $200 $3250 $13000
Answer:
$4,000
Explanation:
The computation of break-even is shown below:-
Contribution margin ratio = (SP per unit - VC per unit) ÷ SP per unit
= ($20 - $13) ÷ $20
= 35%
Break-even sales dollars = Total Fixed Costs ÷ Contribution margin ratio
Break-even sales dollars = $1,400 ÷ 35%
= $4,000
Therefore we applied the above formula.
Hence, the break even sales in dollars is $4,000
Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answer:
Buying an expensive piece of machinery
Explanation: