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Elza [17]
3 years ago
11

Jack rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20, to cover maid service

and utilities. His fixed costs are $100,000 and his profit last year was $20,000. For Jack, the contribution per unit is_________
Business
1 answer:
8_murik_8 [283]3 years ago
8 0

Answer:

$80 per unit

Explanation:

We know that,

Contribution per unit = Selling price per unit - variable cost per unit

                                   = $100 per night - $20 per rented room

                                   = $80 per unit

Simply we deduct the variable cost per unit from the Selling price per unit so that the contribution margin can be computed

All other information which is given is not relevant. Hence, ignored it

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For banquets, meals are placed on plates using a "plating belt" that moves plates past staff who place food on each plate. If pl
White raven [17]
<h2>Answer : Option A) 1 foot/second</h2><h3>Explanation :</h3>

If we consider that the plates are placed 2 ft apart and there has to be 1800 meals that needs to be delivered in an hour.

so if we multiply 2 ft and 1800 meals that is delivered in 1 hour,we get 2 X 1800 = 3600 meals in an hour.

If we try to accommodate the plates at each ft then there will be 3600 meals delivered in 1 hour.

we know that 1 hour has 3600 seconds in it.

So, here the distance is 1 ft, and speed has to be determined time is 1 hour = 3600 seconds

3600 meals / 3600  seconds = 1 foot per second.

OR 1800 meals set at 2 ft apart in 3600 seconds will give the speed of the belt as 1 foot per second.

(1 ft = speed X 1 hour)

<h2>so, the speed also will be 1 foot per second. </h2>
3 0
3 years ago
1 of 5) What does it mean to "Diversify" your portfolio?
eduard

Answer:

D. A and B

Explanation:

5 0
3 years ago
Financial statement data for years ending December 31, 2019 and 2018, for Edison Company follow: 2019 2018 Sales $513,500 $480,0
madam [21]

Answer:

The answer is

For 2018 - 1.5

For 2019 - 1.3

Explanation:

Asset turnover ratio=Net sales/average total assets

For 2018:

Sales - $480,000

Beginning asset - 360,000

Ending asset -360,000

Average total asset:

($280,000 + $360,000)/2

=$320,000

Therefore, asset turnover for 2018 is:

$480,000/$320,000

=1.5

For 2019:

Sales - $513,500

Beginning asset - $360,000

Ending asset - $430,000

Average total asset:

($360,000 + $430,000)/2

=$395,000

Therefore, asset turnover for 2019 is:

$513,500/$395,000

=1.3

5 0
3 years ago
USA Airlines uses the following performance measures. Classify each of the performance measures below into the most likely balan
n200080 [17]

Answer:

1. Cash flow from operations: F (financial).

2. Number of reports of mishandled or lost baggage: C (customer).

3. Percentage of on-time departures: C (customer).

4. On-time flight percentage: C (customer).

5. Percentage of ground crew trained: I (innovation and growth).

6. Return on investment: F (financial).

7. Market value: F (financial).

8. Accidents or safety incidents per mile flown: P (internal process).

9. Customer complaints: C (customer).

10. Flight attendant training sessions attended: I (innovation and growth).

11. Time airplane is on ground between flights: P (internal process).

12. Airplane miles per gallon of fuel: P (internal process).

13. Revenue per seat: F (financial).

14.Cost of leasing airplanes: F (financial).

Explanation:

The performance measures associated with an airline (USA) business are;

1. Customer (C): this includes all the passengers or clients who have done business with the airline company in the past or in the future. It gives full details about everything pertaining to the clients or customers.

2. Financial (F): this is a measure of all the revenues and expenses associated with the successful running of the airline business.

3. Innovation and growth (I): this is a measure of the manpower or labor, equipments, welfare and training used to ensure the business continues to run smoothly, effectively and efficiently.

4. Internal process (P): it involves all of the strategic decisions, policies, rules and regulations formulated by the executive management in order to enhance the smooth operations of the airline business.

5 0
3 years ago
In a perfectly competitive industry, influence over price is exerted by
tigry1 [53]

Answer:

(C) the forces of supply and demand

Explanation:

In a perfectly competitive industry, no single buyer nor seller will be able to influence prices thus marking the forces of demand and supply (the invisible hand) the determinant of pricing. Each buyer or seller will only account for a minute portion of total demand and supply thus making their influence of market price insignificant.

Options (A), (B) and (D) are incorrect as the largest firms, individual sellers and individual buyers do not influence pricing over price in a perfectly competitive market.

8 0
3 years ago
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