Answer:
1. The most that the farmer would pay to rent 20 acre is $100.
2. The price of wheat rose to $6 per bushel is $900.
Explanation:
Given the information, we have:
Total cost per acre
= $35 + $80 + $70 = $185
Revenue from wheat per acre
= 40 x $5 = $200
Contribution per acre = $200 - $185 = $15
The most that the farmer would pay to rent 20 acre is
==>20 x ($15 - $10) = $100
If the price of wheat rose to $6, the most that farmer would pay
= 20 x (240 - 185 - 10)
= $900
Answer:
open-book management or it can also be called a boundaryless organization.
Explanation:
Open-book management
This is simply the act of sharing with employees at all levels of an organization some vital information that is somehow or previously meant for too management staff only. It also involves opening a company's financial statements to all employees and giving them the education that will enable them to understand how the company makes money and how their actions affect its success and bottom line.
Boundaryless organization
This is simply known as a form of organization structure in which there are no barriers to information flow. Boundaryless designs include barrier-free, modular and virtual organizations. An organization without barriers has permeable internal and external boundaries and requires higher level of trust and shared interests, a shift in philosophy from executive development to organizational development, greater use of teams etc.
Answer:
Value added to the gallery will be $3000
So option (C) will be correct answer
Explanation:
We have given that Caroline sells her original painting for $1500 to an art gallery.
And after that her painting was sold to an art lover at cost of $4500
We have to find the value added to the gallery
Value added to the gallery will be equal to difference of price sold to the art lover and cost at which painting is sold to art gallery
So value added to gallery = $4500 - $1500 = $3000
So option (C) will be correct answer
