The answer is mission statement which is letter a. It defines the company's business, its objectives and its approach to reach those goals in the future which is written in the vision statement. Elements of Mission and Vision Statements are often put together to provide a statement of the company's purposes, goals and values.
Answer:
$100
Explanation:
Total cost if he installs seven systems = $300
Total cost if he installs eight systems = $400
Therefore, the marginal cost of installing 8th system is the difference between the total cost of installing eight systems and the total cost of installing seven systems.
Marginal cost of installing 8th system:
= Total cost of installing 8 systems - Total cost of installing 7 systems
= $400 - $300
= $100
The profit maximization conditions says that the marginal cost must be equal to the marginal revenue.
Hence,
William will install eight systems per day only if the eight customer is willing to pay at least $100.
Answer:
Income statement
Sales Revenue $ 612,000
Variable Overhead cost $ (315,000)
Fixed manufacturing overhead <u>$ ( 126,000)</u>
Gross Profit $ 171,000
Variable Operating expenses $ ( 27,000)
Fixed Operating expenses <u>$( 93,000)</u>
Net Income $ 51,000
Explanation:
Income statement
Sales Revenue ( 9,000 units * $ 68) $ 612,000
Variable Overhead cost ( 9,000 * $ 35 ) $ (315,000)
Fixed manufacturing overhead <u>$ ( 126,000)</u>
Gross Profit $ 171,000
Variable Operating expenses ( $ 3 * 9000 units) $ ( 27,000)
Fixed Operating expenses <u>$( 93,000)</u>
Net Income $ 51,000
The advantage of reinstating a policy than applying for a
new one is that a reinstated policy in a policy premium are being set
accordingly in which is usually based on the original age of the insured than.
This is the advantage of it when reinstating than applying for a new one.
Answer:
Growth
Explanation:
The stage of growth is defined as the period or year during which the product in due course and increasingly acquire or gains the acceptance among the industry, customers and wider general public.
So, the growth stage is that stage where there is rapid increase in sales and other firms started to market the competing the products and also lower the unit costs.
