Answer:
Break-even point in dollars= $45,467,000
Explanation:
Giving the following information:
Last year, 80% of its revenue came from the delivery of mailing "pouches" and small, standardized delivery boxes (which provides a 20% contribution margin). The other 20% of its revenue came from delivering non-standardized boxes (which provides a 70% contribution margin). With the rapid growth of Internet retail sales, Express believes that there are great opportunities for growth in the delivery of non-standardized boxes. The company has fixed costs of $13,640,100.
Weighted average contribution margin ratio= (0.80*0.20) + (0.20*0.70)= 0.3
Break-even point in dollars= fixed costs/ contribution margin ratio
Break-even point in dollars= 13,640,100/0.30= $45,467,000
<u>Answer: </u>Option A
<u>Explanation:</u>
In this case the company Einstein Inc requires highly qualified employees to improve the business position of the company. Jacob has to consider the employees with core competencies. Core competencies are necessary for the employees to more efficiently perform their work.
Core competencies include the professional knowledge like the technical skills and also the behavioral traits such as leadership skills, personality, management skills etc. By hiring employees with core competencies is significant than just recruiting employees with college degree. Only permanent and stable employees help in developing the business position.
Answer:
Labor supply forecast
Explanation:
The estimate an organization makes regarding the number and quality of its current employees and the availability of workers externally is called a labor supply forecast. This information is very important when determining the number of workers required to meet the labor demands of an organization.
Some examples of the economic and qualitative factors that affects the external supply of labor includes transportation, availability of housing, quality of life, number of training institutes or facilities, wages, demographic trends, immigration etc.
Answer: D) We are 95% confident that the average taxi fare between Logan Airport and downtown Boston will fall between $20.51 and $24.21.
Explanation:
The Confidence interval allows one to speculate between which values the average of a population will be. In a 95% confidence interval, this means that we are 95% certain that the average value of a variable will be between the higher and lower limits set by the interval.
The 95% confidence interval here has an upper limit of $24.2091 and a lower limit of $20.5051 for taxi fares from Logan Airport to downtown Boston. This means that with a 95% certainty, the taxi charge from Logan Airport to downtown Boston will be between these 2 charges so you can expect to pay an amount between them.
If all prices, including the price of beef, increase by 3%, then the relative price of beef has remained constant and there is inflation.
Option B
Explanation:
Relative price of beef = price of beef/ price of some other good.
As both beef and other commodities rise by the same amount, the relative price remains steady.
Because all prices have risen by 3%, inflation is there.
The relative price is the sum of another commodity that can be substituted for a given quantity. Assume we've got two A and B consumer.
There was a misunderstanding. Absolute goods prices may sometimes adjust, but relative prices may remain stable.