With sales of 9,000 units, contribution margin per unit of $32 and fixed costs total of $120,000, Lance's profit is $168,000.
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What is contribution margin?</u></h3>
- A gross or per-unit basis might be used to express the contribution margin.
- It indicates the additional revenue made for each product or unit sold after the variable element of the business's costs have been subtracted.
- The selling price per unit less the variable cost per unit is the contribution margin.
- The metric, also known as dollar contribution per unit, shows how a specific product affects the company's overall earnings.
Contribution margin offers a means of demonstrating the potential for profit of a specific product being offered by a business and displays the percentage of sales that goes toward paying the business' fixed costs. Profit is the amount that remains after fixed expenses have been paid.
Number of units sold = 9,000.
Contribution margin per unit = $32.
Expenses = $32 × 9000 = $2,88,000.
Profit = $2,88,000 - $120,000 = $1,68,000.
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Answer:
Evaluating the team dynamics and how each member did in the crisis along with analyzing the reactions, kpis, and overall response to the crisis happens during the response stage.
Explanation:
- KPI stand for key performance indicator. These indicators of any business tell us about its performance. Example of key performance indicator include no of customers retained.
- Team dynamics represent the forces and factors which influence the performance of the team. The evaluation of the team dynamics, their reactions and key performance indicator are not done during the response stage.
- Response stage generally refer to the time of response and action. In this stage, we take certain actions to accomplish desired goals. Like to mitigate the issues.
Answer:
The correct answer is Specific Performance.
Explanation:
Specific performance is a court order that compels a party to perform a specific act, usually what is stated in a contract. It is an alternative to damages and is classified as a fair remedy generally in the form of injunctive relief regarding confidential information or real property. Although a specific execution can take the form of any kind of forced action, it is generally used to complete a previously established transaction, making it the most effective remedy for protecting the interests of the innocent party to a contract. It is generally the opposite of an injunction, but there are mandatory injunctions that have a similar effect to specific compliance.
