Answer:
The correct option is C
Explanation:
Being other things to be constant, when the price rises more than the expected level, then the firms will be having a lower than the desired prices, which increases the sales because the firm has not expected or anticipated the higher prices which lead to the decision of keeping the prices low which could result or outcome in higher sales as the sales will shift from high price producers.
Answer:
Operating Income $75,000 $115,000
Explanation:
The computation of the operating income reflected is shown below:
Units 23,000 $31,000
Contribution Margin per Unit $5 $5
Contribution Margin (Units × Per Unit) $115,000 $155,000
Less : Fixed Cost -$40,000 -$40,000
Operating Income $75,000 $115,000
The contribution margin per unit is come from
= Selling price per unit - variable cost per unit
= $9 - $4
= $5
C. A Novation
In contract law, a novation is the cancellation of one contract and replacing it with another contract.
Answer:
Explanation:
This is an Ordinary Annuity question. You can solve this using a financial calculator. I'm using (TI BA II Plus)
N; duration = 20
I/Y ; interest rate per year = 8.5%
PMT ; recurring annual payment = 70,000
FV; Future value = 0 (In solving annuities, use 0 if not given)
then CPT PV = ?
PV = 662,433.563
Therefore, your friend needs to have $662,433.56
Answer:
B. I, II, and IV only
Explanation:
Job specialization can be defined as a strategic process which typically involves the ability of employees working in an organization to develop specific skills, knowledge, great expertise or professionalism and experience to perform their duties, tasks or job functions effectively and efficiently.
In order to gain the requisite skills, expertise and knowledge for job specialization, it is very important for the employees to have undergone an extensive training and a good number of years in work experience.
The primary purpose of job specialization is to increase efficiency and productivity because the employees are able to specialize in the use of specific tools (equipments) to accomplish their tasks, as well as limit the level of error or mistakes in the production process.
In Business management, method analysis can be defined as the study of the detailed process for the performance of a job i.e how a job is done. Thus, method analysis gives a detailed report on the tasks involved in the performance of a job and how they are to be done.
Basically, methods analysis is particularly valuable when it is used on jobs that:
1. Are high in labor content.
2. Are done frequently.
3. Are unsafe, tiring, unpleasant, and/or noisy.
