Answer: The correct answer is "C. reveals how profitable a company is".
Explanation: Asset turnover reveals how profitable a company is because it compares how well a company manages its assets to generate more income and accumulate more and more capital.
Answer:
Indirect and fixed
Explanation:
Indirect costs are those cost which cannot be directly attributable to any product.
Fixed costs are those which remains the same in the period whatever the level of activity (production, sales etc.) is. It does not vary with the change in the activity level.
Supervisor salaries cannot be traceable directly to any specific product, so it is considered as the indirect cost. As the Salaries are fixed payments made on monthly or annually basis, So it is also classified as the fixed cost.
Increase the quantity demanded by about 25 percent.
<h3>What is the short definition of price elasticity?</h3>
- Price elasticity in business and economics refers to how much people, consumers, or producers alter their demand or the quantity supplied in reaction to changes in price or income.
- It is mostly used to evaluate how consumer demand has changed as a result of a price change for a good or service.
<h3>What are some examples of price elasticity of demand?</h3>
- When a price increase results in a greater percentage reduction in demand, we say a good is price elastic.
- For instance, if price increases 20% and demand declines 50%, the PED equals -2.5. One illustration is Heinz soup. Heinz soup options are plenty today.
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Research has found that projects identified by top management more often have a strategic, organizational focus.
<h3>What are the main reasons project managers need to understand an organization's mission and strategy?</h3>
- To effectively support a project
- To enable wise decision-making
<h3>Which type of company finds project transfers to be the most challenging?</h3>
The entire organization values project management. The organization responsible for managing the execution of the company's strategy includes a strategic project office, office of strategy management, strategic steering committee, etc.
<h3>
How can organizational strategy and project management work together?</h3>
However, a successful initiative must demonstrate both strategic importance and tactical proficiency. When the Balanced Scorecard is incorporated into the selection criteria, project portfolio management can connect organizational strategy with project management.
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Answer and Explanation:
a. Explicit costs are actual costs incurred by the venture.
In this case those are;
= Annual lease on building + Payments to workers + Utilities (electricity, water, disposal) costs
= 22,000 + 120,000 + 8,000
= $150,000
b. Implicit costs are the opportunity costs (revenue foregone by not choosing other alternatives).
= Entrepreneur's potential earnings as a salaried worker + Entrepreneur's potential economic profit from the next best entrepreneurial activity + Entrepreneur's forgone interest on personal funds used to finance the business
= 50,000 + 80,000 + 6,000
= $136,000
c. Economic costs
= explicit + implicit costs
= 150,000 + 136,000
= $286,000
d. Accounting profit
= Revenue - explicit costs
= 380,000 - 150,000
= $230,000
e. Economic Profit
= Revenue - economic costs
= 380,000 - 286,000
= $94,000
f. New Accounting Profit
= Revenue - explicit costs
= 286,000 - 150,000
= $136,000
New Economic profit
= Revenue - economic costs
= 286,000 - 286,000
=$0
