Answer:
Instructions are below.
Explanation:
Giving the following information:
Investment= $4,500
Interest rate= 11.45%
For both options, we will use the following formula:
FV= PV*(1+i)^n
a. Number of years= 43
FV= 4,500*(1.1145^43)
FV= $476,053.37
b. Number of years= 33
FV= 4,500*(1.1145^33)
FV= $161,010.77
Answer:
0.67; $485,074.67
Explanation:
Given that,
Total sales revenue = $900,000
Variable expenses = $300,000
Total fixed expenses = $325,000
Contribution margin:
= Sales revenue - Variable expenses
= $900,000 - $300,000
= $600,000
Contribution margin ratio:
= Contribution margin ÷ Sales revenue
= $600,000 ÷ $900,000
= 0.67
Break-even point in dollars:
= Total fixed expenses ÷ Contribution margin ratio
= $325,000 ÷ 0.67
= $485,074.6
Answer:
Merit.
Explanation:
Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Hence, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).
Hence, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.
In this scenario, Susko Systems most likely uses the promotion criterion of merit to promote its employees. A merit is function of the performance of an employee.
<span>This means that there were customers that were wanting the Disney channel, but did not get it because it was too expensive. Once the price went down these customers bought the service. The cable company test showed that they should keep their prices for the Disney channel low to generate more revenue. Even if they only had one customer to begin with they would only be making $10.75, and when they lowed their prices they would be making at least $15.90.</span>
Scarce resources are resources that have limited availability relative to desired use. They include labor, capital, land, or entrepreneurship. There is also the term scarcity, which denotes condition of limited resources and unlimited wants and needs. Resources are limited, so if a manufacturer uses fewer scarce resources, the benefit will be that the product would be less expensive to produce.
