Solution:
(a) Total contribution margin = Sales - Total variable cost
= 1,320,000-111,000
= $1,209,000
Contribution Rate = Contribution margin / Sales
= 1,209,000/1,320,000
= 91.59090909%
(b) Break even sales = Fixed costs / Contribution rate
= 567,000/91.59090909%
= $619,057
(c) Break even volume in units = Break even / Selling price per unit
= 619,057/125
= 4,953 ( Rounded to near whole number)
Answer:
lower costs, leading to higher profits
Explanation:
Improving job satisfaction in the workplace results in better productivity. This is because employees get to enjoy what they do rather than feeling forced to work.
When the workplace is conducive it will result in lower rates of absenteeism and employee turnover.
These in turn lead to lower costs and higher profit.
Staff turnover is costly on the business as new hires have to be trained on the job to be effective.
When Chevy drew inspiration from Tesla to develop its electric vehicle, the Bolt, it was an example of using competitive product ideas for new product-ideas.
- Competitive items are those that your target market may prefer to yours over. How close a competing product's features and solutions are to your own can help you spot it. Competitive goods may consist of: things that are tangible, like clothing and toys.
- A product idea is a design or strategy for a brand-new good that a business can create and sell in a specific market. It describes the item's function, features, and certain important design components. A manufacturer will employ the final design to construct the product, therefore many product concepts will include mechanical or engineering components.
- A competitive strategy is a long-term marketing plan created by businesses to protect their position in the market and obtain a competitive edge.
Thus this is the answer.
To learn more about Competitive Products, refer:brainly.com/question/25754149
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Answer:
They'll consider implementing a low risk/low control strategy such as exporting.
Answer:
July 24 Cash $1470 Dr
Discount allowed $30 Dr
Account Receivable $1500 Cr
Explanation:
The receipt of payment for accounts due will cause a credit to accounts receivable for that particular debtor along with a debit to cash as payment is received. However, as there were some sales returns, the outstanding amount in the accounts receivble account was sales less sales returns that is 3100 - 1600 = 1500.
The terms state 2/10, n/30 which means 2% cash discount is allowed if payment is made within 10 days of sale. The payment is made within 10 days, as July 24 falls under this period so cash received will be 1500 * 98% = 1470.
While Accounts recevables will be reduced by 1500. The difference of 30 is discount allowed and it is an expense and will be debitted.
