Answer: D. Tim’s income level increases the more he works.
Explanation:
Tim's income for the year = Salary from working + Welfare
Lets say Tim works <u>200 hours</u> in a year.
His salary will be:
= 8 * 200 hours
= $1,600
Welfare:
70 cents off for every $1 so the amount they will deduct from Welfare is:
= 0.7 * 1,600
= $1,120
They will deduct this amount from the welfare of $15,000 and give Tim the rest.
Total income = 1,600 + (15,000 - 1,120)
= $15,480
Lets say Tim works <u>500 hours</u> a year.
Salary is:
= 500 * 8
= $4,000
Amount to be deducted for welfare:
= 0.7 * 4,000
= $2,800
Total income:
= 4,000 + (15,000 - 4,000)
= $16,200
Notice how the income goes up as Tim works more. This policy therefore provides a monetary incentive to work harder.
Answer:
Calculate the contribution margin per pound for each of the three products.
- K1 = $17.80 per lb
- S5 = $8.70 per lb
- G9 = $10.50 per lb
Orders for which product should be produced and filled first, then second, and then third?
- K1 orders should be placed first, G9 orders should be placed second and S5 orders should be placed last.
Explanation:
52,900 pounds of material are available
- K1 uses 5 pounds of the material
- S5 uses 2.7 pounds of the material
- G9 uses 5.3 pounds of the material
contribution margin per unit:
- K1 = sales price - variable costs = $172 - $89 = $89
- S5 = $100.49 - $77 = $23.49
- G9 = $189.65 - $134 = $55.65
contribution margin per pound of material:
- K1 = $89 / 5 lbs = $17.80 per lb
- S5 = $23.49 / 2.7 lbs = $8.70 per lb
- G9 = $55.65 / 5.3 lbs = $10.50 per lb
Answer:
Inventory turnover ratio
Explanation:
The inventory turnover ratio will tell the organization whether or not the company will generate more cash in the future this can be witnessed by consecutively using the inventory turnover ratio. The inventory turnover tell how many days the inventory takes to sell them in the market . So if the inventory turnover ratio is decreasing then it is a good news for the company because the revenue of the company is increasing due to increase in the demand of the product in the market and will generate bulk of cash surplus.
Answer:
c) Authority or expertise does not make the claims of an authority or expert true.
Explanation:
It is true as the authority of any business aims to have maximum sales, for this some management works on quality of product and some management is ready to put false statements in order to increase sales and revenue.
Therefore, it is necessary to do critical thinking and no user shall violate the basic rule of critical thinking of knowing all the facts, since here it is clear that these cars lead the country to accidents due to faulty equipment.
Thus, this is the basic rule that not all the authorized statement is correct.
Answer:
The correct word for the blank space is: the purchases history.
Explanation:
Purchases history allows businesses to have an idea of what the preferences of its customers are or how they can change over time. It is a helpful tool firms can use to offer similar or complementary products that may be of interest to their customers and that may end up increasing the organization's revenues if the consumer makes the additional purchase.
