The reason why the manager wants the person with 6 months of experience is the fact that a person with 30 years of experience is overqualified for an entry level position.
<h3>What is an entry level position?</h3>
An entry level position is a job that is designated for the people that have just left school.
The kind of people that are fitted for such positions are those that have just graduated from the university.
The person with 30 years of experience does not fit into this category.
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The number of dollar sales to be achieved to reach the goal is $287,600
<h3>
What is a dollar?</h3>
- The official money of the United States of America is the USD (United States dollar).
- One hundred cents make up one dollar, often known as the U.S. dollar. It is distinguished from other currencies based on the dollar by the symbol $ or US$.
- The U.S. dollar, which is considered a standard, is the most widely used money in transactions globally. In addition, it is used as the official currency in several regions outside of the U.S., while many others use it alongside their own as an unofficial currency.
We have the following details:
Fixed Cost = $ 39,800
Earning Required = $71,900
Hence
Contribution Required= Fixed Cost+Earning Required
Contribution Required = ($39,800+$71,900)
Contribution Required = $ 111,700
We use then the following formula:
Contribution Margin ratio = Contribution Margin/Sales
25%= $ 109,900/Sales
Sales = $ 109,900/25%
Sales = $287,600.
The number of dollar sales to be achieved to reach the goal is $287,600
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Answer:
False
Explanation:
The first part was true. A higher WACC results in a lower NPV simply because a higher discount rate results in a lower present value.
E.g. 100 / (1 + 6%)³ = 83.96, but if we increase r to 10%, then 100 / (1 + 10%)³ = 75.13
The second part is wrong because under the IRR method, the decision rule is very simple, all projects are accepted if their IRR is higher than the project's WACC (or discount rate). I.e. if hte project's WACC increases, so does the chance of the project being rejected because the IRR might be lower than the WACC.
Answer: LINE OF CREDIT
Explanation: Line of credit can be defined as the credit source to individuals, banks and governments that is offered by banks. Under this method the bank agrees to borrow money to a certain amount and the borrower has to pay interest on the amount borrowed.
In the given case, the manager has negotiated a certain level of borrowing limit hence it is definitely a line of credit.
Brizan is using the problem focused technique. It is a way of managing stress where in the individual tries to eliminate stress by choosing or focusing on the reason why the problem has occur and not the stress or problem itself. It is a way of handling the situation in order to cope up not only with stress but to resolve the problem that has been done or occured.
