Jerry will find the point of equilibrium. This is the point where marginal cost equals marginal revenue. This is the point that is Jerry produces anymore, it will start to cost him more than he makes. Thus, Jerry will stop providing new service at this point.
Answer:
The contribution margin statement is found below with a contribution margin of $149,800 and operating income of $145100
Explanation:
Contribution Margin Statement
Sales revenue ($720*700) $504000
Variable costs:
Cost of generators($470*700) ($329000)
Commission(5%*$504000) <u> ($25200)</u>
Contribution margin $149,800
Fixed costs
Rent ($3000)
Additional commission <u> ($1,700)</u>
Operating income $145100
Cost of rent is fixed as it is not depended on the quantity of generators sold.
Additional commission is fixed amount,so it is a fixed cost, while costs of buying generators as well as the commission of 5% are both variable costs.
Validated changes and validated deliverables are the outputs of the monitoring and controlling sub-process of project quality management.
Project quality management is the process in which the quality of all activities is measured continuously and taking the corrective action until the desired quality is achieved.
Quality management processes help the organization to control the cost of a project, after controlling the cost of project standards are established and the steps in achieving and confirming those standards are determined.
Effective quality management of a project must lowers the risk of product failure or unsatisfied and unhappy clients.
Project quality management occurs with these three processes:
Quality planning
Quality assurance
Quality control
To learn more about project quality management here:
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Answer:
A. a document that provides evidence of credit purchases
Explanation:
Purchase invoice refers to a document issued by the seller to the buyer confirming purchase of goods.
A typical purchase invoice would include the description of products ordered, the quantity, the rate and discount applicable and net amount owed by the purchaser to the seller.
Thus, such a document serves as an evidence of purchases made and the amount owed by the buyer to the seller.
Answer:
D) Office of Congressional Ethics
Explanation:
The US-founded Office of Congressional ethics (OCE). A non-partisan, impartial and independent body tasked in March 2008 with investigating and, where applicable, referring matters to the United States House Committee on Ethics on the accusations concerning wrongdoing against both the Members of the House of Representatives and their staff.
