Answer:
Ans. the break even point is 58 people, or a ravenue of $14,500
Explanation:
Hi, first we need to add up all fixed costs and expenses (Room rental+Advertising) and find the contribution margin (Price - Variable costs). The math to this is as follows.
Answer:
D) $14,250
Explanation:
In order to determine the total warranty liability that Fox must report in its December 31, 2014, balance sheet, we must multiply the total sales for both 2013 and 2014 by the estimated warranty expenses and then subtract the incurred warranty expenses:
-
total sales during 2013 and 2014 = $150,000 + $250,000 = $400,000
- estimated warranty expenses = 2% + 4% = 6%
- incurred warranty expenses = $2,250 + $7,500 = $9,750
warranty liability = ($400,000 x 6%) - $9,750 = $24,000 - $9,750 = $14,250
A Conflict of Interest (COI) management plan aims to prevent
an employee from being subject to scrutiny due to issues of conflict of
interest. If something is revealed on an
employee’s conflict of interest disclosure that might be perceived as an actual
or potential conflict, then a plan is drawn.
This plan describes the nature of the conflict and outlines how the
management will prevent a conflict of interest from escalating.
Answer:
All of the above are correct.
Explanation:
Critics of stabilization policy argue that <u>there is a lag between the time policy is passed and the time policy has an impact on the economy, the impact of policy may last longer than the problem it was designed to offset </u><u>and</u><u> policy can be a source of, instead of a cure for, economic fluctuations.</u>
We require stabilization policy to keep economy stable. Contractionary policies during inflation and expansionary during recession keeps the economy stable. But there is time lag between policy required and acted upon because it takes time to understand the situation and making and implementing the policy.
If the market is price sensitive, this means consumers react to small variations in price. In this case, if you were to lower your price to below your competitors, and the market was price sensitive, you would expect to gain more customers. Consumers are wanting to maximize their utility (get the most for the smallest amount of money). If they are price sensitive, they will look for the lowest price that still has an acceptable quality.