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AysviL [449]
3 years ago
6

Alex Smith rents storage space to college students who go home for the summer but do not want to haul all of their property home

and back. The business is profitable during the summer months, but when the storage space is unoccupied in the off-season, Alex loses money. Which of the following characteristics of service is most likely the source of Alex's problem?a) intangibility
b) perishability
c) inconsistency
d) variability
e) inseparability
Business
1 answer:
Alenkinab [10]3 years ago
6 0

Answer:

d) variability

Explanation:

Variability is the quality of a service that does not follow a fixed, or predictable pattern, following instead a changing (or variable), or unpredictable pattern.

Seasonality is a type of variability that occurs when a business is subject to very rigid time constraints: in some periods of time it booms, and in other periods, it busts.

Alex's business is seasonal because it only becomes profitable during the summer months, while the other three seasons represent a net loss for him.

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Answer:

Explanation:

(a). Audit Procedure (b) . Audit Objective

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3 years ago
The __________ states that businesses will produce more products when they can sell them at higher prices.
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The answer that would best complete the given statement above would be option A. It is the LAW OF SUPPLY that states that businesses will produce more products when they can sell them at higher prices. On the other hand, the law of demand<span> states that buyers will want more products when prices are low. Hope this answers your question.</span>
7 0
3 years ago
Read 2 more answers
In the month of June, Jose Hebert’s Beauty Salon gave 4,125 haircuts, shampoos, and permanents at an average price of $40. Durin
viktelen [127]

Answer:

Contribution margin= $41,250

Contribution margin per unit=  $10

Contribution margin ratio= 0.25 or 25%

Breakeven Point ($)=$66,000

Breakeven Point (units)=1,650 units

Explanation:

Contribution margins = sales price - variable costs

The sales price is $40 per unit.

variable costs per units will be total variable cost / total units

total variable costs will be 75% of sales

= 4,125 x $40

=$165,000

variable cost will be 75/100 x 165,000

=0.75 x 165,000

=$123,750

variable cost per item is $123, 750 / 4125

variable cost per unit is $30

(Total)Contribution margin is sales - variable costs

=$165,000 - $123,750

=$41,250

Contribution margin per unit will be $40- $30

Contribution margin per unit is $10

Contribution margin ration =<u>total revenue - variable costs</u>

      total revenue

                                             = <u>$165,000 - $123,750</u>

                                                         $165,000

=41,240/ 165,000

=0.25

=As a percentage, contribution margin ratio = 25%

Break-even point using contribution margin technique

Break-even  in units = fixed cost/ contribution margin per unit

= $16,500/ 10

=1650 units

Break-even in dollars= Breakeven units x selling price

=1650 x 40

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planning is conducted at the highest levels of management and deals with products, capital, research, and the long- and short-te
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Strategic planning is conducted at the highest levels of management and deals with products, capital, research, and the long- and short-term goals of a company.

A corporation, abbreviated as co., is a legal entity representing an association of persons, whether entity, legal or a mixture of the two, with a particular objective. The members of the company share a common goal and together achieve the stated specific goals.

A society may be established as an agency that gives society limited liability when its members perform or fail to perform their obligations under a publicly disclosed constitution or policy. to be announced. When a business closes, it may need to be liquidated to avoid other legal obligations.

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