Answer:
1.37
Explanation:
Given that
Operating income = $45,900
Variable expenses = 10%
Fixed expenses = $17,100
The calculation of operating income is shown below:-
Contribution margin = Operating income + Fixed expenses
= $45,900 + $17,100
= $63,000
So, Operating leverage = Contribution margin ÷ Operating income
= $63,000 ÷ $45,900
= 1.37
Answer:
Businesses in free enterprise systems compete with each other to produce better products at better prices. Competition leads to innovation, new ideas and a more competitive market. Competiting allows businesses to control themselves and their ideas in an <em>efficent manner. </em>
<em>However, competition in the free enterprise systmem leads to lower wages and income.</em> It leads to the best product at the lowest price. It leads to a variety of products available to the consumer.
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I believe the correct answer is the first option. The labor supply curve is upward sloping because the opportunity cost of leisure decreases as wages decrease and the opposite of such is true as well. As one work one hour more, one will have less time for other activities. As the work rate increases in value, then the opportunity cost increases as well.
The statement that are NOT costs that are relevant to the "total cost to own" of a car is: f. None of the above.
<h3>What is total cost?</h3>
Total cost is the cost generated or cost incurred for producing a product or the expenses incurred for owing a product such as car.
Total cost formula is:
Total cost=Fixed cost+ Variables cost
If a person own a car it is important to know that all the following are the total cost that will be relevant to the cost of owing a car are:
Inconclusion the statement that are NOT costs that are relevant to the "total cost to own" of a car is: f. None of the above.
Learn more about total cost here:brainly.com/question/5168855
Answer:
d.funded status relative to the accumulated benefit obligation.
Explanation:
Employees should be informed funded status relative to the accumulated benefit.