Answer:
C
Explanation:
Producer's surplus is the gain a producer gain by selling at market price instead of selling at the smallest price the producer was willing to sell.
Miranda was willing to tutor at $ 20 but the market price of tutoring was $ 30 therefore her producer surplus = 30 - 20 = $ 10 while for Jason the price he was willing to tutor was more than the market price and therefore he therefore has $ 0 producer surplus.
<span>Lin Corporation has a single product whose selling price is $120 and whose variable expense is $80 per unit. The company’s monthly fixed expense is $50,000
1. Using the equation method, solve for the unit sales that are required to earn a target profit of $10,000
Sales = Variable expenses + Fixed expenses + Profit
$120Q = $80Q + $50,000 + $10000
$40Q = $60000
Q = $60,000 /$40
Q =1500 Units
2. Using the format method, solve for the unit sales that are required to earn a target profit of $15,000
Sales = 50000+15000/120-80 = 1625 units.
Mauro Products distributes a single product, a woven basket whose selling prices are $15 and whose variable expense is $12 per unit. The company’s monthly fixed expense is $4,200.
1. Solve for the company’s breakeven point in unit sales using the equation method.
Sales = Variable expenses + Fixed expenses + Profit
$15Q = $12Q + $4,200 + $0
$3Q = $4200
Q = $4200 /$3
Q =1400 Units
2. Solve for the companies breakeven point in sales dollars using the equation method and the CM ratio.
X = 0.8X + 4,200 + $0
0.2X = $4200
X = $4200 / 0.2
X = $21,000
CM ratio method
BEP = fixed cost /Sales-Variable cost /Sales = 4200/15-12/15 = $21000
3. Solve for the company’s breakeven point in unit sales using the format method
4200/15-12 = 1400 units.
4. Solve for the company’s breakeven point in sales dollars using the format method and the cm ration.
BEP = fixed cost /1-Variable cost / Selling price = 4200/1-12/15 = $21000
CM ratio method
BEP = fixed cost /Sales-Variable cost /Sales = 4200/15-12/15 = $21000</span>
Answer:
C. $300,000
Explanation:
Shue Capital Account:
contribution 50,000
partnership income x 30%
withdrawals (240,000)
change in capital account (100,000)
50,000 + Shue profits - 240,000 = -100,000
Shue profit = 240,000 - 100,000 - 50,000
Shue profit = 90,000
Partnership profit:
90,000 / 0.30 = 300,000
Answer:
Rainbow Paints Inc., Pakistan Vs XingPe Chemicals, China
1. Win-Lose Approach: Rainbow Paints Inc. was under an immense pressure to deliver on "production targets for the 2020." However, it approached the negotiation aggressively and assertively, blaming the Chinese company for its failure to deliver the required chemicals for its production. It did not care about the Coronavirus pandemic that is ravaging the world. It should not be confrontational in its approach. Business relationships are not maintained in such atmospheres. It must think long-term and not short-term. It should have tried to reduce its losses by minimizing its costs, using all possible means. Rainbow Paints, in its blindness, is even seeking for not only a compensation but the return of their payments, to ensure that the Chinese company bears the losses wholly. Such a negotiating strategy lacks common sense, fairness, and friendly business relationships.
2. Win-Win Approach: XingPe Chemicals approached the negotiation, seeking understanding. It cannot be blamed for the pandemic, unless it should have supplied before the outbreak. Its approach contrasts with the confrontational, aggressive, and assertive method being followed by the Pakistani company. Its approach is integrative and accommodating. It is even willing to share the losses of Rainbow Paints while Rainbow Paints was trying to push all of the losses to it.
Explanation:
There are many approaches to negotiation. Some prefer the Win-Lose, Lose-Lose, Compromise, or Win-Win approaches. The best for long-standing business relationships is the Win-Win approach, because it integrates and accommodates the interests of both parties. However, different situations call for the approach or combination of approaches to adopt.
Answer:
My answer is B.
Explanation:
The reason its in the question lol.
