Answer:
The The number of sweatshirts the company would need to sell to earn a target profit of $1,710 is closest to <u>570</u> sweatshirts.
Explanation:
This can be calculated as follows:
Selling price per unit = $15
Total cost price per unit = Average unit cost + Sales commission per unit = $7 + $5 = $12
Profit per unit = Selling price per unit - Total cost price per unit = $15 - $12 = $3
Target profit = $1,710
Number of sweatshirts to sell to earn a target profit = Target profit / Profit per unit = $1,710 / 3 = 570
Answer:
The answer is B. standardized products
Explanation:
Monopolistic Competition has the following characteristics :
1. There large numbers of buyers and sellers
2. The products offered by sellers are close substitutes for the products offered by another seller.
3. The costs associated with entry and exit are low.
4. Sellers differentiate their products through advertising, branding etc.
Know that the most distinguishable factor in this market is product differentiation or standardized products.
The extent to which the seller is successful in product differentiation determines pricing power in the market.
The demand curve in this market is downward sloping i.e increase in price will lead to decrease in quantity demanded. This market is similar to perfectly competitive market.
The economic profit will fall to zero in the long run because the entry costs are not high.
Answer: (C) Ethical climate
Explanation:
The ethical climate is one of the organizational based atmosphere where the company basically focuses on the employees ethical values, laws and the environment that helps in making different types of complex decisions.
The main purpose of the ethical climate in an organization is that it helps in maintaining the values, principle and the moral of the company employees.
According to the given question, the Pi's pizza is one of the restaurant that maintain the ethical climate by follow the various types of ethical policies. Therefore, Option (C) is correct answer.
Answer:
the price will grow to $ 507,571.77 If it continues with the same grow rate
Explanation:
first we solve for the rate:
2006 - 1895 = 111 years
![Nominal (1+r)^{n} = FV\\150 (1+r)^{111} = 70,000\\\\r = \sqrt[111]{70,000 / 150 } -1](https://tex.z-dn.net/?f=Nominal%20%281%2Br%29%5E%7Bn%7D%20%3D%20FV%5C%5C150%20%281%2Br%29%5E%7B111%7D%20%3D%2070%2C000%5C%5C%5C%5Cr%20%3D%20%5Csqrt%5B111%5D%7B70%2C000%20%2F%20150%20%7D%20-1)
r = 0.06
Now we apply this rate for the year 2040:
2040 - 2006 = 34 years
Principal 70,000.00
time 34.00
rate 0.06000
Amount 507,571.77