Answer:
The correct answer to the following question is that the MRP for the 1st worker - $240 , 2nd worker - $174 , for 3rd worker - $120, 4th worker - $75 and for the 5th worker is $36 .
Explanation:
It is given that for a monopoly firm, the 1st unit it sells each day is for $50 and for each second it is $49 and so on . Also the first worker hired will produce 5 units a day, second would produce 4 units a day and so on.
So for finding the MRP - Change in revenue / Change in labor
1 st worker - $50 + $49 + $48 + $47 + $46 / $1
= $240
2nd worker - $45 + $44 + $43 + $42 / $1
= $174
3 rd worker - $41 + $40 + $39 / $1
= $120
4th worker - $38 + $37 / $1
= $75
5th worker - $36
Answer:
B) False
Explanation:
Remember, the CEO and senior managers are tasked with the <u>responsibility</u> of managing or delegating responsibility in the organization.
However, they do not need to review the daily performance of suppliers even though the suppliers performance plays a major role in the success of an organization, because they can delegate responsibility.
Answer:
1.16
Explanation:
Given that,
Net sales = $4,000 million;
Cost of goods sold = $3,600 million;
Net income = $720 million
Average total assets = $3,450 million
Total Asset Turnover Ratio:
= Net Sales ÷ Total Average Assets
= $4,000 million ÷ $3,450 million
= 1.16
Therefore, the total asset turnover ratio of Flask Company is 1.16.
The answer & explanation for this question is given in the attachment below.