Answer:
Contribution margin per unit = Sales price per unit – Variable cost per unit
$2 - $1.20=$0.80
The contribution margin per package is $ 0.80.
Breakeven sales in units = Fixed expenses + Operating income ) / Contribution margin per unit $85,000 + $22,000/0.80 = 133,750 packages
Contribution margin per package = $2 - $1.00 = $1.00
Breakeven sales in units = Fixed expenses + Operating income ) / Contribution margin per unit
$100,000 + $22,000/$1= 122,000 packages
The firm will have to sell 122,000 packages to generate $22,000 of operating income. Socks unlimited would have to sell 11,750 less packages of socks to earn $22,000 of operating income. The increase in fixed costs was completely offset by the decrease in variable costs at the prior target profit volume of sales. Therefore, the firm will need to sell less units in order to achieve its target profit level.
<span>Except in extreme cases, the evaluation of success or failure is subjective because time and cost to complete the project are estimates.
Things can go "wrong" or "right" in someones mind even if the overall project is going smoothly. Since project completion times are typically estimates, success is going to be subjective. In designing a new product, until that project launches and is deemed a success or failure, it's hard to classify it. </span>
- person working a part time job but seeking full time employment
-had a job but earns low wages
-people that have large families
-member of family with serious health issue
Answer:
(B) Analysis and design of work
Explanation:
HR functions , to resolve some problems like ,
- Recruiting the Right People for the Right Job profile
- Maintaining a Safe and healthy Environment
- Compensation and Benefits
- Employer-Employee Relations
Along with , listening to the complains and resolving them ,
As in this case , due to lack of clarity of the plan and resolving the conflicts at the work place .
Answer:
The income effect and substitution effect work in opposite directions and income effect is dominant.
Explanation:
In case of a normal good, both the income effect as well as substitution effect work in the same direction. A fall in the price of a product will increase the purchasing power of the consumer so its quantity demanded will increase.
The consumers will also prefer the cheaper good so the substitution effect will cause the quantity demanded to increase.
In case of an inferior good, however, income elasticity is negative. The income effect and substitution effect work in opposite directions.
A price decrease in the case of an inferior good will increase the real income and purchasing power of the consumer. This will cause the quantity demanded of the inferior good to decline as the consumer will prefer a substitute normal good.
