Contribution format income statement
Contribution margin income statements refer to the statement which shows the amount of contribution arrived after deducting all the expenses that are variable from the total revenue amount. Then, further fixed expenses are deducted from the contribution to get the net profit/loss of the business entity.
break-even point
The Break-Even Point The break-even point (BEP) in economics, business —and specifically cost accounting —is the point at which total cost and total revenue are equal, i.e. "even". There is no net loss or gain, and one has "broken even", though opportunity costs have been paid and capital has received the risk-adjusted, expected return.
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Answer:
difficulty in finding compatible partners.
Explanation:
Job sharing or work sharing is a practice in an organisation where 2 people are engaged on a part time basis to perform a task that will normally be given to one person working full time. This results in lower per employee income because all positions are shared.
For example an employer can hire two workers to work for 3 days in a week, achieve the job of a full time staff working a full week, and still turn in the finished work early.
A drawback to this arrangement will be difficulty in finding compatible partners.
Answer:
Low cost strategy
Explanation:
With low-cost leadership, the company maintains an advantage because it has a lower cost than its competitors. For example, if two companies make essentially identical products that sell at the same price in the market place, the one with the lower costs has the advantage of a higher level of profit per sale
Answer:
Total fixed cost $16,000
unit fixed cost for 10,000 units $1.60
Explanation:
the budget was made for 8,000 units
so the 2.00 dollars for fixed cost will be based on a production for 8,000 units
total fixed cost: 8,000 budgeted units x $2 per unit = 16,000
This is the level of fixed cost.
<u>For 10,000 units the total fixed cost should be the same.</u>
and for units it will be total cost / units of production
16,000 / 10,000 = 1.6
On unit-level it will drop by 40 cent to $1.60 from $2.00
Answer:
Mixed economy is referred to the economic system in which both public sector and private sector coexist. In this type of economic system, private sector as well as the state direct the economy and the means of production is shared between them.
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