Answer:
Explanation:
Apply first discount to original price
apply next discount to discounted price
etc
Check its weight. Then it will be easier for us
Answer:
D) i and iii
Explanation:
Implicit cost refers to economic costs that are not directly attributed to the business but are nevertheless important in making informed decisions. In this case the opportunity costs are implicit cost. They are:
- Salary forgone which should have been earned at another job, and
- Interest lost from savings account.
Answer:
The correct option is B, bounded rationality
Explanation:
An ethical dilemma occurs when there is a conflict between one's interest and the interest of the organization leaving one with making choices between serving in the interest one the company or feathering one's nest.
Groupthink implies giving credence to the decision of a group over individual's thinking and creativity.
Bounded rationality is theme that was introduced by Herbert Simon which refers to the fact that making a rational decision is sometimes limited to the information at one's disposal as well as one's mental prowess.
Answer:
c. 31.4%
Explanation:
As we know that
Contribution margin ratio is
= Contribution margin ÷ Sales revenue × 100
where,
Contribution margin is
= Sales revenue - Variable manufacturing expense - Variable selling and administrative expense
= $1,920,000 - $957,000 - $360,000
= $603,000
And the sales revenue is $1,920,000
So, the ratio is
= $603,000 ÷ $1,920,000 × 100
= 31.40%
