Answer:
a. Breakeven point in number of rented rooms:
= Fixed costs / Contribution margin
Fixed cost = Salaries per month + Utilities + Depreciation + Maintenance
= 7,000 + 1,000 + 1,100 + 1,508
= $10,608
Contribution margin:
= Rent price - Maid service - Other costs
= 65 - 13 - 26
= $26
Breakeven point in rented rooms:
= 10,608 / 26
= 408 rooms
b. Breakeven point in dollars:
= Fixed costs / Contribution margin ratio
= 10,608 / (26 / 65)
= 10,608 / 40%
= $26,520
Answer:
Product A -$5
Product B-$4
Explanation:
Apart from the contribution for products A and B given in the question,the other details are the machine hours required to produce one unit of A and B,which implies that the limited resource is the machine hour provided alongside the contribution
The contribution per unit of limiting factor or resource is computed thus:
Product A Product B
Contribution $10 $12
Limiting resource(hour) 2 3
Contribution/resource(contribution/resource) $5 $4
In other words it would be better to give product preference in production since it has a higher contribution per unit of scarce resource
Answer:
Option D
Explanation:
In simple words, method of performance division is considered to be effective when it depicts a true picture, not because it gives a sound position of the organisation as waned by the managers.
Thus, reticulation should not be done. Also, Divisional performance should be judged by some other aspects like time taken to perform the job or wastage done by them etc.
Answer:
The correct option is B
Explanation:
Big data is the first generic term as it refers large volume of data available that a business can leverage on .It could be internal or external data,available online or offline. In-fact the data is not specific in any form.
However,data on the internet is next generic it is between big data and Information in a 1,000-page Research Report
Information in a 1,000-page Research Report on the other is very specific as it relates a particular report ,by mere mentioning it people know the exact the report meant.
So all in all,big data first followed by data on internet and lastly Information in a 1,000-page Research Report.
Answer:
The GDP in this economy is $6,230 billion.
Explanation:
The GDP can be calculated using the following formula:
Y = C + I + G + (X - M) ....................................... (1)
Where:
Y = GDP of the economy
C = Personal Consumption Expenditures = $4,500
I = Gross Private Domestic Investment = $800
G = Government Purchases = $950
X = Exports = $65
M = Imports = $85
Substituting the values into equation (1), we have:
Y = $4,500 + $800 + $950 + ($65 - $85)
Y = $6,250 - $20
Y = $6,230
Since the figures are in billions of dollars, the GDP in this economy is therefore $6,230 billion.
