Answer:
1. 73 %
2. 27 %
3. $60,000
4. Ways to increase projected operating income without increasing total sales revenue :
- Reduce the variable costs per unit
- Reduce fixed overheads
Explanation:
Contribution Margin Ratio = Contribution / Sales × 100
Where,
Contribution = Sales - Variable Costs
= $88,000 - $23,760
= $64,240
Then,
Contribution Margin Ratio = $64,240/ $88,000 × 100
= 73 %
Variable Cost Ratio = Variable Cost / Sales × 100
= $23,760 / $88,000 × 100
= 27 %
Break-even sales revenue = Fixed Costs ÷ Contribution Margin Ratio
= $43,800 ÷ 0.73
= $60,000
<u>Ways to increase projected operating income without increasing total sales revenue :</u>
- Reduce the variable costs per unit
- Reduce fixed overheads
Digital citizenship<span> can be defined as the norms of appropriate, responsible behavior with regard to technology use. 1. </span>Digital<span> Access: full electronic participation in society. Technology users need to be aware that not everyone has the same opportunities when it comes to technology.</span>
Answer:
The factors that cause the failure of project management to achieve its goals include the following:
1. The scope of some projects are not well-defined and detailed.
2. Some project managers lack the required project and administrative experience, exposure, and training needed for successful project planning and implementation.
3. Some project managers do not identify the critical project risks from the beginning.
4. Projects that lack formal methods and strategies often fail.
5. It has been established that some project managers and their teams are not well-motivated to deliver their projects, leading to key staff abandoning the company and the projects mid-way.
6. Successful projects require detailed documentation and planning, the setting of deadlines, and the tracking of progress.
7. Leadership is key to effective project management. Without senior management or politicians' buy-in, some projects face massive failure.
Explanation:
Project management starts from the home to the larger society. It involves a fundamental application of process knowledge, management skills, technical tools and key deliverables, and various techniques to project activities in order to meet project goals and requirements. Project managers and organizations that must achieve success should understand the causes of project failure.
Answer:
soldiering
Explanation:
According to Taylor, is the slow working because the workers who are paid the same amount , will work at the slowest pace. Giving bonuses is a way to mitigate this.
Answer:
Josefina is not maximizing her profits since she is making a loss of $0.25.
Explanation:
The marginal revenue is the total amount of revenue received from selling an additional unit of product while the marginal cost is the total cost incurred for producing an additional unit of product. The marginal cost and revenue can be compared to determine if producing and selling an additional unit is profitable or will cause a loss.
The profit/loss can be expressed as;
P/L=R-C
where;
P=profit
L=loss
R=total marginal revenue
C=total marginal cost
In our case;
P/L=unknown
R=marginal revenue per unit×number of units=1.50×1=$1.50
C=marginal cost per unit×number of units=$1.75×1=$1.75
replacing;
P/L=1.50-1.75=-$0.25
Since the marginal cost is greater than the marginal revenue, we can conclude that Josefina is making a loss of $0.25
