Answer:
Retain Replace Net income
Increase/Decrease
Variable manufacturing costs 4241300 3205300 1036000
New machine cost 0 378500 -378500
Sell old machine 0 -34700 34700
Total 4241300 3549100 692,200
Conclusion: The old factory machine should be replaced as its net income is lesser
Workings
Variable manufacturing costs
a. Retain Equipment = 605900*7 = 4241300
b. Replace Equipment =457900*7 = 3205300
Answer:
E) It has limited capacity.
Explanation:
Our brain's workbench memory stores and encodes information so that it can be stored as long-term memory, and eventually it can be retrieved and used in the future. Since it is something like an intermediate stage, it has limited capacity. The events that are held there and not stored in our long-term memory will be discarded.
Answer: Option C
Explanation: Implicit cost or opportunity cost is the loss of profit from best alternative that is foregone. It is the cost directly paid by the individual himself rather than paying it to others as in case of explicit costs.
Implicit costs are not deducted while calculating accounting profit but they are when calculating economic profit. These costs usually remain fixed as the alternative has been rejected already.
So, from the above we can conclude that option C is correct.
Answer:
Total units= 23214
Explanation:
Giving the following information:
Direct materials $1 per unit
Direct labor $100 per hour (100/500 units= $0.2)
The marketing manager decided to spend $2 per unit.
Fixed cost $55,000
Price= $4,000/1,000 units= $4.
First, we will determine the effect of the first 5000 (with the mkt expense) on the fixed costs:
5000*[4-(1+0.2+2)]= 4000 - 55000= 51000
Break-even point= fixed costs/ contribution margin
Break-even point= 51000/ [4-(1+0.2)]= 18214 units
Total units= 23214
Answer:
The correct answer is: Human Resource Management.
Explanation:
Human Resource Management (<em>HRM</em>) is in charge of the administration of people in a firm. The Human Resources (HR) department <em>publishes job openings, recruits the new personnel, </em>and <em>provides them the orientation needed </em>to start wit their functions in the company. HR is responsible also for <em>meeting labor laws according to their region where the operations of the business are taking place</em>. Also, in front of disputes, they represent the interest of the organization.