Answer:
b. The majority of workers prefer to negotiate with management individually over workplace issues
Explanation:
Each employee prefers to be able to have the manager's attention and be able to explain their individual need. In this example, he can get his manager to see the same way he presents the problems surrounding the job. Some issues need to be used, of course, it all depends on the number of employees a company has, but giving individual attention is a way to strengthen ties with your employees and keep customers more satisfied.
Answer:
Since the average variable cost curve lies below the average total cost curve, this implies that the average variable cost is the lowest price at which the producer can sell.
If there is no possible output where the price would be at least equal to the average variable costs, the firm should cease production, because it is not going to recover its costs, not to talk about making a profit.
Explanation:
A firm's average variable cost is the total variable cost divided by the total output. For example, if the total variable cost for a particular product is $4,500 with a total output of 450 units, then the average variable cost is $10 ($4,500/450).
Answer:
Explanation:
Contribution margin=Sales-Variable cost
=(60-21)=$39
Target Contribution margin=Fixed costs+Target profits
=(78000+81900)=$159900
1.Number of pairs of shoes=(159900/39)=4100
2.
Sales(4100*60) =246000
Total variable cost(4100*21) =86100
Total Contribution margin= $159900
Total fixed cost= 78000
Operating income =$81900.
Answer:
<u>Break-even Sales:</u>
Remo Company $128,346.17
Angelo Inc. $201,649.86.
Explanation:
Break-even Sales is the dollar amount of revenue at which there will be neither Profit nor Loss. In other words, it a Point at which Contribution Margin is equal to Fixed Costs. The Formula to Calculate Break-even Sales is:
Fixed Cost / Contribution Margin Ratio
where
Contribution Margin Ratio is Sales less Variable Expenses, and expressed as a percentage of Sales.
Remo Company
Contribution Margin Ratio = 75,000 / 275,000 = 27.27%
Break-even Sales = 35,000 / .2727 = $128,346.17
Angelo Inc.
Contribution Margin Ratio = 150,000 / 275,000 = 54.55%
Break-even Sales = 110,000 / .5455 = $201,649.86.
Answer:
Gross profit= $1150
Explanation:
Giving the following information:
Beginning inventory: 240u*$4.00= $960
Purchase, (1/15/2017)= 120u*4.20= $504
Purchase, (1/28/2017)= 120u*4.40= $528
Ending inventory= 190u
The company uses FIFO (first in, first out).
Sale price= $8.00 each.
What is the gross profit for the month?
First, we need to calculate the number of units sold:
Sold units= Beginning inventory + purchase - ending inventory= 240 + 240 - 190= 290 units
Revenue= 290*8= $2320
Cost of goods sold= 240*$4 + 50*4.20= $1170
Gross profit= $1150