Answer:
Option (a) is correct.
Explanation:
Given that,
Variable cost per rented = $20
Average price charged per night for the room = $100
Fixed cost = $100,000
Target profit = $20,000
Contribution margin per room = Average price - Variable cost
= $100 - $20
= $80
Now, we need to determine the number of rooms rented out by dividing the sum total of fixed cost and target profit by the contribution margin per room.
Therefore, the number of rooms will be rented out is calculated as follows;
= (Fixed cost + Target profit) ÷ Contribution margin per room
= ($100,000 + $20,000) ÷ $80
= $120,000 ÷ $80
= 1,500
The fundamental differences between static and flexible budgets<span> are that a </span>static budget<span> does not change as volume changes whereas a </span>flexible budget changes line values to reflect the level of activity.<span> In a </span>flexible budget<span> the percentage remains the same while the values change to reflect changes in output.</span>
Answer:
Letter b is correct.<u> Simplifying the supply chain needed to make goods and services available.</u>
Explanation:
India is the second most populous country in the world, and its economy has grown significantly, there is an increase in the industrial segment and foreign investment in the country, which is increasingly growing due to the large amount of cheap labor available and the country's large consumer market.
Therefore, when the population changes from rural to urban areas, global traders present in India benefit from the greater ease of simplifying the supply chain necessary to provide goods and services organized with automation and an integrated logistics for products to reach the consumer in place and at the right time.
Situational
Leadership as a theory was developed by Dr. Paul Hersey in the late 1960s which
aims to give further understanding between the leaders and its members. The
fore cores of the theory are to ‘Diagnose’ (knowing the situation), ‘Adapt’
(Change the behaviors of the members in the level of the situation), ‘Communicate’
(letting the members understand the situation) and ‘Advance’ (further the
developments). This is of course very helpful as its gives the leaders
(managers) the opportunity to adjust themselves according to the situation.
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