Answer:
The total surplus from Andrew's sale to Nick is $35.
Explanation:
The total surplus is the sum of producer surplus and consumer surplus.
The consumer surplus is the difference between the maximum price a consumer is willing to pay for a product and the price he/she actually has to pay.
While producer surplus is the difference between the minimum price a producer is willing to accept for a product and the price he/she actually gets.
Consumer surplus for Nick
= $80 - $60
= $20
Producer surplus for Andrew
= $60 - $45
= $15
Total surplus from generated from Andrew's sale to Nick
= $20 + $15
= $35
Answer:
The static budget variance of revenues is 36000 Unfavorable
Explanation:
Lincoln Corporation
Static Budget Variances
Actual Budgeted Static Budget
Units sold Units sold Variance
42,000 units 39,000 units
Sales Price $ 12 $ 12
Revenues 504000 468000 36000 Unfavorable
Variable costs $ 168,000 $ 158,000 10,000 Unfavorable
Fixed costs $ 46, 000 $ 48,000 2000 Favorable
The Static Budget Variance is calculated by subtracting the budgeted amounts from the actual amounts.
In a static budget the actual amounts are not changed for different activity levels. Instead the actual is compared with the budgeted so that exact variance is obtained for an organization.
According to Nutt and Backoff's organizational contexts in terms of their ability to produce visionary change, rigid organizations are classified as those that have low resources but high acceptance of the need for change.
<h3 /><h3>What is an organizational context?</h3>
- Another communication factor that affects the content and delivery of both internal and external messages is the organizational context. Organizations, or any group of individuals working together, can be small, medium, or large in size and have a flat or hierarchical structure, as well as an informal or formal appearance.
- Regulations issued by the government and modifications to the legislation are two examples of the external context. market economic changes, rivalry inside the firm, etc.
- The organizational setting has a crucial role in determining attitudes and behaviors (Rousseau, 1978). The findings of a study on employees' attitudes toward their jobs that was done with employees of branch banks and main office banks are presented in this paper.
- Many techniques, like PEST (political, economic, social, and technological) analysis and SWOT (strengths, weaknesses, opportunities, and threats) analysis, may be used to determine the context of an organization. In order to understand the context of the organization, brainstorming with management is necessary.
According to Nutt and Backoff's organizational contexts in terms of their ability to produce visionary change, rigid organizations are classified as those that have low resources but high acceptance of the need for change.
To learn more about organization, refer to:
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Answer:
c. $615.88
Explanation:
David owns a total 6,443.6
Each share value is 72.40
We have to divide his amount over the cost of each share to know how many shares David has.
$ 6,443.60 total investment / $72.40 per share= 89 shares
Trochel Office Supplies pays 6.92 dollars per share
Therefore, total dividends paid to David:
89 shares x 6.92 dollars = $ 615.88 total dividends
Answer:
The wage per hour must be paid in the second year is $11.021 per hour.
Explanation:
Please find the below for detailed explanations and calculations:
We have the real wage stipulated in the contract must be grown at 3% in second year in comparison to first year.
Thus, the nominal pay rise must grow at the higher rate than 3%, in the way that it may cover the effect from inflation to ensure real rise is 3% as agreed in the labor contract.
As a result: Nominal increase (%) = (1+ real increase rate) x CPI of second year in comparison to first year - 1 = (1+3%) x 1.07 -1 = 10.21%.
=> Wage per hour must be paid in the second year = Wage per hour in first year x ( 1 + Nominal increase) = 10 x (1 + 0.1021) = $11.021.
