Changing customer needs: When companies add products, services and processes to offerings, firms can create and deliver value more effectively by satisfying the changing needs of their current and new customers or simply by keeping customers from getting bored with the current product or service offering.
Answer:
Commission
Explanation:
Commission is a payment based on the amount of sales an employee makes and is usually based on a percentage of total sales.
Answer: 14.106%
Explanation:
The basic formula for calculating the Return on Equity is,
ROE = Net Income / Total Equity
How since we are missing some figures we can use the DuPont Formula for calculating the ROE that uses the components of the Net Income and Total Equity.
Using the DuPont Formula,
ROE = Net Profit margin x Asset Turnover x Assets / Equity
Plugging in the figures would be,
ROE = 0.0322 x 1.76 x (45.8/18.4)
= 0.141064
= 14.106 %
Answer and Explanation:
The computation is shown below:
1. The standard direct labor hours per brake repairs are shown below:
Actual time spent 5 hours
Setup and downtime (5 hours × 11%) 0.55
Cleanup and rest periods (5 hours × 27%) 1.35
Standard direct labor hours per brake repair 6.9
2. For standard direct labor hourly rate
Wage rate per hour $10
Payroll Taxes ($10 × 10%) $1
Fringe Benefits ($10 × 25%) $2.5
Standard direct labor hourly rate $13.5
3. For the standard direct labor cost per brake repair
= 6.9 hours × $13.5
= $93.50
Answer: Option (b) is correct.
Explanation:
In a monopoly market condition, there is a single firm operating in a market and it is a price setter. Monopolist have the capability to earn abnormal profits in the short run as well as in the long run.
The price that is set by the monopolist can't be influence by the other firms because there is a high barriers to entry into the market. Hence, monopolist may earn profits in the short run and may also earn economic profits in the long run.