Answer:
1) See the attached excel file for the analysis of the possible operating income for Classic Limo, Inc.
2) The scenario with the highest operating profit $280,500 which is Excellent with $40 Contribution Margin and 10,500 Numbers of Customers.
Explanation:
1) Using the above information, construct an Excel spreadsheet to prepare an analysis of the possible operating income for Classic Limo, Inc.
Note: See the attached excel file for the analysis of the possible operating income for Classic Limo, Inc.
2) If you were manager of Classic Limo, Inc. and had to choose only one budget scenario to use for planning for the year, which one of the nine scenarios would you choose?
The scenario that would be chosen is the scenario with the highest operating profit $280,500 which is Excellent with $40 Contribution Margin and 10,500 Numbers of Customers.
A certain number of qualified voters in a district
Your answer is D - petroleum.
the area around the Persian Gulf is desert so can't be the water, coal or cattle. But here it can be found large underground reserves of Petroleum.
Offer is a definite undertaking or proposal made by one person to another indicating a willingness to enter into a contract. The offer must be communicated to the offeree and must be <span>sufficiently definite and certain.</span>
An offer to enter into a contract can be terminated by lapse of time, r<span>evocation ,
counteroffer, rejection, death or incompetency of the offeror or offeree, destruction of the subject. </span>
Answer:
It shifts to the left by $200 million at each price level
Explanation:
Given that,
Multiplier = 2
Net exports decrease by $100 million
Change in aggregate demand is calculated as follows:
Multiplier = Change in Aggregate Income (ΔY) ÷ Change in Exports (ΔX)
2 = ΔY ÷ (-$100)
ΔY = -$200
Therefore, the national income will fall by -$200 and hence the aggregate demand will fall by -$200 . Hence, the aggregate demand curve will shift to the left.