Standardization and innovation play critical roles in the development of goods and services. Standardization allows for a stabilized starting point in which to move forward and develop other goods and services which is related to innovation. Standardization provides stability, a known factor which can be relied upon, whereas innovation is riskier and may not come to be successful endeavor. However, like all risk, that is the payoff for the investment in innovation, for if the innovative good or service can be successfully brought to market, the dividends for a payout can be well worth it.
Answer:
Disability benefit = $5,040
Explanation:
Given:
Pay off per week = $600
Insurance coverage = 70 percent = 0.70
Waiting period = 4 week
Computation of disability benefits:
Disability benefit = Per Week benefit × Total Number of Covered weeks
= (Insurance coverage × Pay off per week) × (off work - Waiting period)
= (0.70 × $600) × (16 - 4)
= $420 × 12
= $5,040
Assuming that you have the values for the year 2017, the break-even point would be 1500 units for the year 2017. To calculate this, we use the idea that at the breaking point, total sales is equal to the total cost or expenses made. Which would be:
selling (x) = fixed + variable (x)
x = fixed / (selling - variable)
x = 270000 / (600-420)
x = 1500 units
Answer:
19.64%
Explanation:
The return on equity shall be determined through following mentioned formula:
Return on equity=Net profit/Equity
In the given question
Net profit=9.68%*$807,200=$78,136.96
Equity=Assets-Total Debt
=$1,105,100-64%($1,105,100)
=$397,836
Return on Equity=$78,136.96/$397,836
=19.64%
