Answer:
a. 110,000 units
b. 128,500 units
Explanation:
a. Compute the anticipated break even sales in unit
Break even point in unit = Total fixed cost / Contribution margin
Total fixed cost = $14,300,000
Contribution margin per unit = Unit selling price - Unit variable cost
= $380 - $250
= $130
Break even point in units = $14,300,000 / $130
= 110,000 units
b. Compute sales (units) required to realize income from operations of $2,405,000
Break even point + expected profits = (total fixed costs + expected profits) / Contribution margin
° total fixed cost + expected profits
= $14,300,000 + $2,405,000
= $16,705,000
°contribution margin per unit
= $380 - $250
= $130
Break even point + expected profits in unit
= $16,705,000 / $130
= 128,500 units
Answer:
service is doing work to someone,:
----is supplying public a public needs example: tramsport
-----is emplyment as a servant
-------perios of employment with company or organization
Answer:
A kickoff event's objective is to formally tell-all project stakeholders that the project has started. It introduces the team and assists them in understanding the project's requirements, history, and individual duties.
Explanation:
Answer:
This quote highlights Adam Smith - Self Interest, Free Reign, Invisible Hand theories
Explanation:
Adam Smith is the Father of Economics.
His self interest theory states that : Individuals working for the best of self interest implies maximum welfare for society as a whole.
Hence, the free reign idea suggests that people as 'self interest' guided rational economic agents should be left free. The invisible hand of market restores any distortions.
Government intervention is considered to be not only unnecessary, but distortionary.
b. protective effect plus revenue effect.
c. consumption effect plus redistribution effect.
d. production distortion effect plus consumption distortion effect.
e. None of the above.
Answer:
Option e. is correct
Explanation:
The Terms of Trade is equal to the average price of exports / by the average price of imports. The terms-of-trade refers to the relative price of exports in terms of imports.
Protective effect refers to the wasted resources due to production of good at a higher cost. Consumption effect refers to the loss to consumer due to higher price that leads to less consumption.
Should the home country be "large" relative to the world, its imposition of a tariff on imports would lead to an increase in domestic welfare if the terms-of-trade effect exceeds the sum of the protective effect plus consumption effect
b. encounter—where the newcomer learns what the organization is really like; and
c. change and acquisition—where members master important tasks and roles.
d. This process can be achieved through a variety of processes and tactics.
e. This exercise will challenge your understanding of some of the characteristics of these tactics and processes.
Answer: The correct answers are "a. anticipatory socialization—those activities that take place prior to the first day on the job;", "b. encounter—where the newcomer learns what the organization is really like;" and "c. change and acquisition—where members master important tasks and roles.".
Explanation: The 3 steps or phases of the organizational socialization process are:
1) Anticipatory socialization: those activities that take place prior to the first day on the job;
2) Encounter: where the newcomer learns what the organization is really like;
3) Change and acquisition: where members master important tasks and roles.
to quit. Fidelity gives Ron a week to decide whether to
accept. Two days later, Monica signs an employment
contract with Fidelity for another year. The next day,
Monica tells Ron of the new contract. Ron immediately
sends a formal letter of acceptance to Fidelity. Do Fidel-
ity and Ron have a contract? Why or why not? (See Ter-
mination of the Offer.)
Ron and Fidelity do not have a contract because the initial offer from Fidelity was terminated when Monica decided to stay. Hence, when Ron accepted, there was no standing offer for a contract.
No, Fidelity and Ron do not have a contract. The reason behind this is the concept of offer and acceptance in contract law. In this scenario, Fidelity Corporation’s offer was terminated when Monica decided to stay, making the earlier offer to Ron void since an employment position no longer existed.
When, Monica signed a new contract, Fidelity Corporation's offer to Ron was effectively withdrawn before Ron could accept it. Therefore, when Ron sent a formal letter of acceptance to Fidelity, there was no offer to accept, making the creation of a contract impossible.
The crux of the situation lies in the basic principles of contract formation, which dictate that a valid contract requires an offer, acceptance, and consideration. In this case, the essential element of offer was missing when Ron attempted to accept, thus, barring the formation of a valid contract.
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