Answer:
Effect on income= $16,000 increase
Explanation:
Giving the following information:
Pillows
Sales revenue $300,000
variable expenses 240,000
Contribution margin 60,000
Fixed expenses 76,000
Operating income(loss) (16,000)
<u>To calculate the effect on income, we need to use the following formula:</u>
Effect on income= avoidable fixed costs - contribution margin
Effect on income= 76,000 - 60,000
Effect on income= $16,000 increase
To calculate the cross elasticity of demand you divide the percent change in quantity by the percent change in price.
5/3 = 1.666
These purchasing strategies are crucial for the development and expansion of the firm since they explicitly state the goals and objectives in the appropriate qualities.
It also measures it using the outcomes that have been achieved, taking into account both internal and external elements that have an impact on the company.
The following are some components of the Purchase strategy:
- Clear Objective
- Evaluateable Goals
- Development Plan
- Evaluative Plans
- Clear Objective
To learn more about strategic plans from given link
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Answer:
125 pounds
Explanation:
Firstly, we need to know the total product of labor of the five full time workers.
This is equal to 120 * 5 = 600 pounds
The last worker is 150 pounds
The total now is 600 + 150 = 750 pounds
The average product of the six workers will now be 750/6 = 125 pounds