Answer:
Hannah will lose her suit.
Explanation:
Niels and Hannah did not have a binding deal. They did not decide on a specific lot of land or on a price. It is never even decided how the two of them will decide on a fair method of agreeing on the price. Don't be fooled by words like binding contract. The terms are too vague and therefore Hannah will ultimately lose the case.
Answer:
Break-even point= 600 units
Explanation:
Giving the following information:
The selling price per dozen is $20, variable costs are $14 per dozen, and total fixed costs are $3600.
The break-even point in units is the number of units required to cover for the fixed costs. We need to use the following formula to calculate it:
Break-even point= fixed costs/ contribution margin
Break-even point= 3,600/ (20 - 14)= 600 units
Answer: $200,000 and its economic profits were zero.
Explanation:
First and foremost, we should note that when calculating accounting profit, the implicit cost isn't taken into consideration.
Therefore, the accounting profit will be:
= Revenue - Explicit Cost
= (4000 × 300) - Explicit cost
= 1,200,000 - 1,000,000
= 200,000
Then, Economic Profit will be:
= Accounting profit - Implicit cost
= 200,000 - 200,000
=0
Therefore, its its accounting profits were $200,000 and its economic profits were zero.
<span>In order to continue participating in these projects and improve job satisfaction, the organization may choose to provide compensation for these projects. If the organization does not wish to pay employees extra, they could plan these projects to occur during working hours, so employees are still on the clock and getting paid.</span>
