Answer:
$600
Explanation:
Normal selling price for baskets of dried fruits = $20
No. of baskets ordered = 150
At this price, the total selling revenue will be =$20*150 =$3000
Variable cost = $11*150 =$1650
Manufacturing overhead cost = $6*150 =$900
Income at a selling price of $20 = $3000-$(1650+900)=$450
For the special order
Selling price= $20
Total selling revenue =$16*150=$2400
Income at a selling price of $16 = $2400-$2550 = -$150 loss
The opportunity cost of this decision will be leaving a profit of $450 and obtaining a loss of $150
Total opportunity cost that must be considered in the incremental analysis for this decision =$450 +$150 =$600
Answer:
incentive.
Explanation:
Operant conditioning can be defined as an associative learning process which involves reinforcing the strength of a behavior. Thus, the outcome depends on the response in operant conditioning.
A reinforcement of a desired behavior involves the process of strengthening a positive behavior being exhibited by an individual through the use of stimulus. Therefore, making the behavior to be exhibited in the future by the individual.
Basically, by reinforcing desired behaviors with rewards, parents, teachers and leaders can help people in building positive norms.
Hence, an incentive in psychology refers to a reward or punishment that encourges people to behave in a certain way when adopted or invoked.
To have happy consumers and welcoming them so they can come back knowing that the company has really good customer service and which is a huge thing in owning a business. If you can communicate to your consumers then its pretty bad.
Answer:
annual profit per insurance policy 107.4 dollars
Explanation:
for every 1,000 insurance policy:
revenue 1,000 x 120 = 120,000
outpatient cost: 5 x 900 = 3,600
overnight cost: 3 x 3,000 = 9,000
Profit: 107,400
We now divide over 1,000 policies:
107,400 / 1,000 = 107.4
Each policy is expected to generate a gross profit of 107.4 dollars