Answer:
$4,068
Explanation:
Margret's monthly rent = $297
Monthly electricity costs = $42
Her costs per year will be
= ($297 x 12) + ( $42 x 12)
=$3,564 + $504
=$4,068
The total overhead cost is attached as an image with the solution.
What is overhead cost?
- The term "overhead" refers to a company's continuing operating expenses but does not include the direct expenditures involved in producing a good or service.
- Overhead expenses may be fixed, fluctuating, or a combination of the two.
- There are various types of overhead, including administrative overhead, which covers expenses linked to running a business.
- The income statement lists administrative costs.
Overhead costs are recorded on an organization's income statement and have a direct impact on the overall profitability of the enterprise. To calculate net income, commonly known as the bottom line for the corporation, overhead costs must be taken into consideration. Net revenue, often known as the top line for the business, is subtracted from all production-related and overhead costs to determine net profitability.
The total overhead cost is attached as an image with the solution.
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Answer: Buyer motivation could be described as factors(mind related) that are behind a customer's decision of purchasing an item.
Explanation:
Buyer motivation could be described as factors(mind related) that are behind a customer's decision of purchasing an item. Every customer buying an item will consider a lot of things before getting one, although this varies compared to other person's. Some may buy out of a need, others a want, some panic buy. They all vary. Buying is more of a physiological thing than any other thing.
Answer:
It has become more price inelastic
Explanation:
Elasticity of demand for any good can be defined as degree of responsiveness of any good with respect to change in demand factors like price or income. Hence it signifies consumer sentiments as how will the goods demand change when there is change in price.
Highly elastic goods mean that with slight change in price there is large change in demand of good.
Highly inelastic goods mean any change in demand factor like income, price will not affect the demand of the goods.
Now going for landlines telephone. With the widespread use of mobiles phones, usage of landline phones has decreased significantly. Hence any change in price for landlines is not going to affect it demand as very few people are using it.
Using the above mentioned rational we can say that It has become more price inelastic is the most suitable answer.
