Answer:
To earn $1,150 the order should be 900 units.
Explanation:
Giving the following information:
Selling price= $12
Unitary variable cost= $10
Incremental fixed costs= $650
Desired profit= $1,150
<u>Because it is a special order, and there is unused capacity (1,000 units), we will take into account only the incremental fixed costs.</u>
<u>To calculate the number of units to be sold, we can use the break-even point formula with the desired profit:</u>
<u></u>
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (650 + 1,150) / 2
Break-even point in units= 900 units
To earn $1,150 the order should be 900 units.
Answer:
Explanation: B Food Products & Processing Systems
<span>Food service operators must pay attention to detail and watch their finances in order to maximize the profit they can generate through the operation of their business. There are many aspects of a food service business that have potential to be a loss, so operators must be aware of these aspects - such as loss from ordering too much food or ingredients, employee theft, and so on.</span>
Answer:
Services
Explanation:
In the game of economics, services are actions that other people value. Services are something which people get and it helps to improve the utility level of a customer. Services are valued by people because it satisfies their needs and wants. Moreover, this is why people pay a lot of money to get better services because it plays an important to fulfil human wants.
Answer:
C. A business plan is a business’s roadmap for the future
Explanation:
A business plan a is well formulated document that includes all the details about nature of the business, sales and marketing strategies, customer demographics, projected revenues of the future along with other financial projections. Business plan is often termed as a Blueprint of the Business.
No matter what the scale of a business is, it is a startup or a fortune 500 company, all of the businesses need to have a business plan to get successful. And a proper business plan and its execution which brings a business to massive heights in the first place.
Based on this discussion, we can conclude that option C is the correct answer for this question. Option D is not a correct answer because simply making a business plan does not guarantee success. There are many other factors that determine the success of a business e.g. execution of ideas, choosing the right team, getting enough finances.
