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.
Answer: A Refugee
Explanation:
A Refugee is an individual who has left his native country and crossed into another country, due to conflict or war in their native land. In most cases, refugees are unable to return to their native country and would have to start life afresh in the new country.
Answer:
(A) Current period productivity= 4 units/hr
Previous period productivity= 3.833units/hr
(B) increase in productivity by 4.356 percent
Explanation:
A manager checkedthe rate of production and found out that a worker produced 160 units while working for 40 hours
In the previous week the same worker produced 138 units while working for 36 hours
(A) The current period productivity can be calculated as follows
= 160 units/40 hours
= 4 units/hr
The previous period productivity can be calculated as follows
= 138 units / 36 hours
= 3.833 units/hr
(B) The productivity growth can be calculated as follows
= current period productivity - previous period productivity / previous period productivity
= 4-3.833/3.833
= 0.167/3.833
= 0.04356 × 100
= 4.356 percent
Hence there was an increase in workers productivity by 4.356 percent
Answer: A firm operating across borders must deal with both foreign and international environment. Options A and B
Explanation:
International Business is a kind of business between two or more countries, that involves the trade of products and services across national borders or on a global level.
An example is the oil industry in which oil is produced by one country and sold to another. Both countries deal with both Foreign and International environments.
