Answer:
Jensen company has a contribution margin ratio of 45%. This means that its variable costs are 55% of sales.
This statement is true
Explanation:
Contribution margin ratio is the ratio of contribution to sales. Since the contribution margin ratio is 45%, it implies that variable costs are 55% of sales.
Rules are made so that people behave in a particular manner whereas, procedures are meant to guide about how to do something.
Procedures are the standard steps used to carry out tasks in an organization. They were created for repetitive tasks. They offer instructions regarding how to carry out a task. In speaking, procedures are inflexible and provide no room for inventiveness. It eliminates ambiguity from the work and provides it a clear structure.
Rules are specific instructions that define what must be done and what shouldn't be done. They were created in order to preserve, govern, and manage the workplace. They were inflexible and lack adaptability. Strict disciplinary measures are applied when rules are broken. It reflects decisions about what needs to be done and what cannot be done.
No, rules cannot be eliminated when solid procedures are in place because they determine the behavior or manner in which things should be done.
Learn more about rules and procedures here:
brainly.com/question/28361947
#SPJ4
Answer:
Since 0.33 + 0.75 = 1.08 is greater than one, this production function therefore exhibits increasing returns to scale.
Explanation:
From the question, we have the following restated equation:
Where q is the output, and L and K are inputs
To determine the types of returns to scale, we increase each of L and K inputs by constant amount c as follows:
We can now solve as follows;
Since 0.33 + 0.75 = 1.08 is greater than one, this production function therefore exhibits increasing returns to scale.
Answer:
The correct option is (C)
Explanation:
To be able to claim somebody as a dependent, the person has to qualify 4 tests. They are:
- Lineal descendant
- Must live with the taxpayer for more than a year
- Should be below 19 years or under 24 if a full time student
- Cannot file return on their own.
If a person who is not a lineal descendant to be claimed as a dependent needs to be a part of taxpayer's household for 365 days (whole year).
In this case, taxpayer's cousin is not a lineal descendant. Rest of them (sister, father and son-in-law) are lineal descendants. So, cousin has to stay with the taxpayer for the entire year.
