Solution:
Reducing hours would reduce demand for commercial revenue hours by 20%, from 138 hours to 110 hours. At that level, the total contribution would be:
110 hours x ($800 - $71.5) = $80,135 or $20,398 less than at present.
Raising the cost to $1,000 per hr for commercial clients would less demand by 30%. In March, the request had been for 138 hrs and a loss of 30% will also end up leaving 97 hrs of demand (138 hrs x 70 = 96.6 hrs).
Demand x Contribution per hour = Contribution 97 hours x ($1,000 - $71.50) = $90,064.5
Compare to present:
138 hours x ($800 - $71.50) = $100,533
The monthly contribution to fixed costs and income at $800 is greater by $10,469 than the contribution expected at $1,000. Therefore, the income will be higher if we retain the $800/hour price.
Answer:
This change was related to the meetings schedules.
usually, we'd have the audit team meeting in the afternoon around 3 pm after most of the work is finished. We spoke of how the work was done and what should be done in the following day.
however, most of our team mates were not really productive or listening during these meetings and were not contributing as much as they could. So, as a result, the meetings became "speeches" by our manager.
the reason was that the selected time, 3pm was a hour that we were so tired and bored! so we decided to shift the time slot to the morning, and we made the meeting was the first thing we do in the morning!
Afterwards, the meetings became more intriguing and a place where new ideas and solutions came up for our problems and we are able to plan our work more productively now!
Explanation:
Answer:
Explanation:
The journal entries are shown below:
1. Cash A/c Dr $140,400
To Sales A/c $130,000
To Sales tax payable A/c $10,400 ($130,000 × 8%)
(Being sales with sales tax are recorded)
2. Sales tax payable A/c Dr $10,400
To Cash A/c $10,400
(Being the cash is paid for sales tax)
Answer:
D). Structural
Explanation:
'Structural unemployment' is described as the type of unemployment in which there is a discrepancy between the jobs and skills available in an economy. This is primarily caused to industrial reorganization which leads to a situation where jobs are available but there's an incongruity between the skills required by the companies or organizations and the skills that the workers possess and can offer. This mismatch leads to a state of involuntary unemployment and it can last for years. Thus, <u>option D</u> is the correct answer.