Answer:
The company's net operating income for May is $7,930
Explanation:
Sales revenue = $97,000
Variable costs
= $97,000 × (1 - 70%)
= $97,000 × 0.69
= $66,930
Fixed costs = $38,000
Therefore, net operating income = Sales - revenue - variable cost - fixed cost
= $97,000 - $66,930 - $38,000
= $7,930
Answer:
The slope of the total output curve at the relevant point.
Explanation:
A marginal physical product can be defined as the extra output which is being generated by using an extra input. This ultimately implies that, marginal physical product of labor refers to the change in the level of output that is generated from using an additional unit of labor.
Mathematically, marginal physical product of labor is given by the formula;
Marginal physical product of labor = ΔY/ΔL
Where, ΔY is the change in total physical output.
ΔL is the change in labor.
In the short run, when the number of workers are increased it would result in a diminishing marginal product with respect to the law of diminishing marginal returns.
The marginal physical product of labor is the slope of the total output curve at the relevant point.
<em>For instance, if brainly producing 50 answers decides to employ one more tutor and is then able to produce 55 answers, the marginal physical product of labor is simply 5. </em>
Answer:
Recognition of priorities
Explanation:
Management involves planning, organizing, controlling, supervising, a group of people which could be an entire team, workers or some fractions of workers in an environment to achieve organizational goals. An entrepreneur which is among the factors of production is indeed someone who manages, supervise the other factors of production, keeping an environment in which people work and achieve the goals of production.
Management is a profession and as such skill set to recognizing when some aspects of management becomes important than others and when some goals need to be given more attention to achieving the overall organizational goals can describe as Recognition of priorities.
Recognition of priorities brings some other important aspects of management into focus leaving out the less important ones cancelled or put on hold so as to save time and maximize labor efficiency.
Answer:
Zigzag Manufacturing
The Effectiveness of Leslie Demorest's Budgeting Strategy
The strategy of adjusting the previous year's operating expenses with inflation is not an effective way of strategic budget planning. Leslie's budgeting strategy does not take advantage of forecasts of unexpectedly good performance and fails to provide any reaction that can occur when there are downturns in cash flow.
An effective budgeting strategy should provide the standard for the effective use of financial resources of Zigzag Manufacturing in its business operations. There are no clear goals to be achieved and an evaluation of how the goals will be achieved through the budget implementation.
Explanation:
An effective budget should be able to forecast and track revenues and expenses, which are received and incurred in pursuit of business goals and projections. An effective budget ensures that those who implement the projections contained in the budget remain motivated. The idea of adjusting previous expenses with inflation is not an effective budgeting strategy.
