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Dmitry_Shevchenko [17]
1 year ago
11

Angie Silva has recently opened The Sandal Shop, a store that specializes in fashionable sandals in Brisbane, Australia. Angie h

as just received a degree in business and she is anxious to apply the principles she has learned to her business. In time, she hopes to open a chain of sandal shops. As a first step, she has prepared the following analysis for her new store:
(d) Angie now has two salespersons working in the store - one full time and one part time. It will cost her an additional 8,000 per year to convert the part-time position to a full-time position. Angie believes that the change would bring in an additional 25,000 in sales each year. Should she convert the position? Use the incremental approach. (Do not prepare an income statement.)
Business
1 answer:
Elza [17]1 year ago
6 0

Incremental contribution margin:

$25,000 increased sales x 60% CM ratio           $15,000

                                                                             

Incremental fixed salary cost                                8,000

Increased net income                                            $7,000.

yes, the position should be converted.

In economics, the margin is profit after deducting expenses, expressed as a percentage. In investing, the margin is the deposit an investor leaves with a broker when borrowing money to buy a security.

The portion of a page or sheet outside the body of a printed product or document. 2: The outer boundary and adjoining surface of something: a ridge at the edge of the continental margin of a forest. 3: Any amount or measure or degree of substitution permitted or granted due to unforeseen circumstances or special circumstances was not subject to error.

Learn more about margin at

brainly.com/question/10218300

#SPJ4

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When a company chooses to market a product in certain parts of the country but not in others because consumer preferences of one
dexar [7]

When a company chooses to market a product in certain parts of the country but not in others because consumer preferences of one region differ from another region, it is known as geographic segmentation.

<h3>What are consumer preferences?</h3>

The products or commodities, which are demanded by consumers in a specific quantity at a given price due to the utility it brings to an individual consumer, is known as a consumer preference.

Hence, option A holds true regarding consumer preference.

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brainly.com/question/3129917

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6 0
2 years ago
A dressmaker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labor. Another dressmaker can sew 400 garments wit
faust18 [17]

Answer:

No, because the second method has lower total costs of production.

Explanation:

In a bid to make profits businesses must always compare different processes and choose the cheapest one.

This will eventually reflect in the profitability of the business.

In this instance let's get the cost of each process.

Fabric costs $110 a bolt and labor costs $20 an hour.

The first dress maker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labour

Total cost = (100 bolts * 110) + (1500 * 20)

Total cost = $41,000

For the second dress maker he can sew 400 garments with 150 bolts of fabric and 1,000 hours of identical labour

Total cost = (150 *110) + (1000 * 20)

Total cost = $36,500

As can be seen the second dressmaker has a lower cost of production so he is more efficient than the first dress maker

7 0
3 years ago
Suppose a person quits a job earning ​$40,000 per year and starts a business with ​$90,000 withdrawn from a​ money-market accoun
weeeeeb [17]

Answer:

The correct answers are $40,000 and $13,500

Explanation:

The implicit cost of the business is ​$40,000 nothing for the​ entrepreneur's time plus $​13,500 nothing for the​ entrepreneur's funds ​(enter your response as an ​integer)

The implicit cost indicates the cost of an asset rather than selling it or renting it out. In other words, the company has to give up by deciding not to exploit an asset. For this case $40,000

For the other line

15% = 0.15

$90,000 x 15% = $13,500

4 0
3 years ago
Which following statement about FAFSA process are TRUE?
aleksklad [387]
FAFSA stands for Free Application for Federal Student Aid. It is a form that can be prepared annually by current and prospective college students  in the United States to determine their eligibility for student financial aid. Hope this helps.
3 0
3 years ago
International Paper Company, MeadWestvaco, and Rubicon, Ltd. Work together and found ArborGen, a new biotechnology company that
Pachacha [2.7K]

Answer: Joint venture

Explanation: A joint venture can be defined as a business entity, that is created by two or more firms by shared ownership or sharing in risk and returns. The joint venture is usually done by the firms for targeting new emerging markets to increase their customer base.

In the given case, Arboren is a new company and is formed by the joint ownership of three existing firms.

Hence, from the above we can conclude that this is an example of Joint venture.

4 0
3 years ago
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