Answer:
Numaccounts=SavingsAccount.numbeOfAccounts
Explanation:
This a static method program from java language because it can be checked without creating an object class.
Complete Question :
Michael is in sales meeting with a potential client. The client is interested in the
product but is concerned that the product costs 15% more than the competitor's.
How should Michael handle this sales situation?
A.) Offer the client a 20% discount.
B.) Ask the client how much he or she would be willing to pay for the product.
C.) Show the client the better warranty and quality that comes with the slightly
higher cost.
D.) Say "Thanks for your time" and leave
Answer: C.) Show the client the better warranty and quality that comes with the slightly
higher cost.
Explanation: The fact that Michael's product costs 15% more than the price of it's competitor doesn't spell the end of the deal. What Michael needs to explain and make clear to the client in the sales meeting are the vague distinctions which exists between what his own product offering and that of it's competitors. Michael needs to let the potential buyers understand and get clearly the additional offers, quality or performance associated with his own product which ultimately accounts for the higher cost of his own product.
Answer:
Variable cost = $340,200
Fixed cost = $220,000
Explanation:
Given that,
At Predicted production = 24,200 units,
Fixed costs = $220,000
Variable costs = $435,600
Per unit variable cost:
= Variable costs ÷ No. of units produced
= $435,600 ÷ 24,200
= $18 per unit
Total cost at 24,200 units,
= Variable costs + Fixed cost
= $435,600 + $220,000
= $655,600
Total cost at 18,900 units,
= Variable costs + Fixed cost
= ($18 × 18,900) + $220,000
= $340,200 + $220,000
= $560,200
Note: Fixed cost does not changes with the change in the output level.
Answer: a. $3,400 households
b. No.
Explanation:
a. The cost of the statue is $17,000 and each household is asked to contribute $5 to help cover the cost. To find out how many families one can divide the amount needed by the amount asked of the households,
= 17,000/5
= 3,400 households
If 3,400 households each pay $5 then the town of Artville will be able to afford the statue.
b. This question speaks to a social problem referred to a the Free-rider problem. This is when people in society benefit from something without contributing fairly towards the benefit they are accruing from the thing. 3,000 households out of 4,000 are expected to be free-riders. This means that only 1,000 will cover the cost of the statue.
If those 1,000 households pay the $14 required, the town would only raise,
= 1,000 * 14
=$14,000
$14,000 is less than the cost of the statue which is $17,000 and so the town of Artville will have to do without a statue as they simply cannot afford one.
