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Yanka [14]
2 years ago
10

A tour company is planning a bus trip to a local museum. The company will lease a bus from a local bus owner for $400 and estima

tes that it will spend $15.00 per person for admission and lunch.
1. Which of the following volume/price alternatives will allow the firm to avoid losing money on the trip?
A. 20 customers at $30.00 each.
B. 30 customers at $27.50 each.
C. 40 customers at $25.00 each.
D. 50 customers at $22.50 each
E. 60 customers at $20.00 each.
Business
1 answer:
iVinArrow [24]2 years ago
8 0

Answer:

C. 40 customers at $25.00 each

Explanation:

<em>To avoid losing money on the Trip the total contribution from the trip should be equal to the fixed cost of $400 for car rent</em>

<em>contribution/person = price per trip - admission and lunch cost</em>

<em>Break even number of person = Fixed cost/cont per person</em>

     contribution/person           minimum no of person to cover Fixed cost

A         15                                           400/15=  26.7          

B         12.5                                       400/12.5  =32

C           10                                       400/ 10    =40

D           7.5                                    400/ 7.5   = 53.

E           5                                            400/ 5  = 80

<em>From the table above it is obvious that at a price of $25 and having  40 persons the fixed cost would be covered and no loss would be made.</em>

<em />

C. 40 customers at $25.00 each

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poizon [28]

Answer:

B. Creating value for customers.

Explanation:

Marketing is all about building values for customers. Its about creating customer relationships which are profit generating.  Any company or brand has a value proposition. It is the set of benefits the company promises to deliver to the consumer to satisfy his/her needs.  Thus marketing is the bridge which connects the brand with the customers perceived value of the brand.  It makes sure the customer pledges loyalty to the brand, by delivering on its promises on the value proposition.  Thus, the most important role that marketing plays in the economy is Creating Value for Customers.

5 0
3 years ago
Acme is a manufacturer that makes seasonal products and insures its business personal property with a Business and Personal Prop
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Answer:

$399,000

Explanation:

We need to understand that deductible is a portion of a loss that is covered in the policy but must be paid by the insurance purchaser, these terms stated in the insurance contract.

Here, the actual value of the business personal property at the time of this report was $400,000. (Only the actual value is covered)

Deductible is = $1,000

Acme's insurer will pay an amount of $399,000 ($400,000 - $1,000) for the described loss.

6 0
2 years ago
Which of the following is the best example of amortization?
weeeeeb [17]
Answer is 30 yr mortgage
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3 years ago
_____ refers to the idea that all organizational members are capable of leading themselves at least to some extent. ​ a. Leaders
scoray [572]

Answer:

Option d (Self-leadership) seems to be the appropriate response.

Explanation:

  • Self-leadership seems to be a process through recognizing whoever you are, defining certain ideal perceptions, as well as consciously leading yourself towards yourself.
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Other possibilities aren't connected to the circumstance in question. So that is indeed the right choice.

6 0
2 years ago
One Device makes universal remote controls and expects to sell 500 units in January, 800 in February, 450 in March, 550 in April
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Answer and Explanation:

The preparation of the production budget  and The total required production for the year is as follows

<u>                                                   One Device </u>

<u>                                                   Production budget</u>

<u>                                               For the first four months</u>

<u>Particulars        Jan             Feb             Mar            April              Year</u>

Expected

unit sales          500 units    800 units   450 units  550 units    

Add:

Ending

inventory          160 units     90 units      110 units   120 units

     ($800 × 20%)     ($450 × 20%)    ($550 × 20%)     ($600 × 20%)

Total

required units  660 units    890 units     560 units  670 units

Less:

Beginning

inventory         100 units      160 units     90 units       110 units

       ($500 × 20%)  ($800 × 20%)  ($450 × 20%)    ($550 × 20%)  

Required

production

units                 560 units     730 units     470 units     560 units     2,320 units

7 0
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