Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
$46,666.67
Explanation:
Henri earned a salary of $50,000 in 2001
He earned $70,000 in 2006
The consumer price index in 2001 was 177 and in 2006 was 265.5
Therefore his salary in 2001 can be calculated as follows
= 70,000/265.5 × 177
= 263.65 × 177
= 46,666.67
Answer:
B. bounded rationality.
Explanation:
Bounded rationality -
It refers to the idea where the decisions of the people are rational , within a limit of the specific information known and the mental capabilities , is referred to as the bounded rationality .
The concept was given by Herbert Simon .
As the thinking capacity and the information have some limit , hence the decision are also limited .
Hence , from the given scenario of the question ,
The correct answer is bounded rationality .
Answer:
= 9,400 units
Explanation:
Sales (7,000 units) $210,000
Variable expenses 136,500
Contribution margin 73,500
Fixed expenses 67,200
Net operating income $6,300
The number of units that must be sold to achieve a target profit of $31,500 is closest to:
Contribution Margin per item = $ 73,500/ 7000 items
=$ 10.50
Net income= contribution margin- fixed costs
$31,500= 10.50x quantity -67,200.00
$31,500=10.50Q-$ 67,200
10.50 q= 31500+67200
10.50 q= $ 98,700
q= $ 98700/10.50
Quantity = 9,400 units
