I would say the answer is the second option. A budget is a plan for spending and saving your money. It is the allocation of the available to to your needs to live comfortably. It allows you to project or foresee what will be the available amount of money left for a certain period of time.
Answer:
I think it's first one tooo
Answer:
True
Explanation:
Customer relationship management always tries to reach out the potential customers so that they can increase their sales by knowing customer's interests. Organization always implement what they have planned and try to find out the most profitable customers.
Organization always help the customer by knowing their necessity and improve their quality and productivity for the benefit of their organization.
Answer:
Option (a) is correct.
Explanation:
Given that,
Variable cost per rented = $20
Average price charged per night for the room = $100
Fixed cost = $100,000
Target profit = $20,000
Contribution margin per room = Average price - Variable cost
= $100 - $20
= $80
Now, we need to determine the number of rooms rented out by dividing the sum total of fixed cost and target profit by the contribution margin per room.
Therefore, the number of rooms will be rented out is calculated as follows;
= (Fixed cost + Target profit) ÷ Contribution margin per room
= ($100,000 + $20,000) ÷ $80
= $120,000 ÷ $80
= 1,500