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Answer:
3 years and 4 months
Explanation:
Colby payback period = Investment in book and store / Annual cash income = $400,000 / $120,000 = 3.33 years = 3 years and (0.33 *12) months = 3 years and 4 months.
Therefore, the payback period for Colby is 3 years and 4 months.
Answer:
The correct answer is B
Explanation:
Human resources are the one which is used for both the department who is responsible for managing the resources in relation to the employees and the people who work for the company or firm.
It is umbrella, the term which is used to define the development as well as the management of the employees in the business or firm.
So, Amy opened a business, for that she needs assistance with the projects so require to have the human resource management facilitating function, which she is practicing.
To find: Breakeven point (in units)
Given: Number of hams sold = 11000
Sales revenue = $220,000
Variable cost = $55,000
Fixed cost = $24,000
Solution: Break-even point (in units) can be calculated as:-
Fixed costs / (sales price per unit-variable costs per unit)
Fixed costs = $24,000
Sales price per unit = total sales revenue/number of units = 220000/11000 =
$20
Variable costs per unit = total variable cost/number of units = 55000/11000 = $5
Putting values in the formula,
=24000 / (20-5)
=24000/15
=1600
Breakeven point (in units) = 1600 units