Answer:
True.
Explanation:
The Contribution margin i.e Sale price less Variable Cost per unit for product A is (15-4) is $11 & for product B is ( 21-13) is $8. for making 4 units of product A we need three machine hours, so if we divide units by machine hours only 0.9 unit of A can be made in an hour while we can made 5 units in 0.7 hours pf product B, so if we divide 5 by 0.7, approximately 7 unit of B can me made in an hour.
Thus, in the production of 1 hour we can make $10 from product A while we can make $ 57 from product B.
Product A Product B
S.P $15.00 $21.00
V.C $4.00 $13.00
Contribution Margin Per unit $11.00 $8.00
Units Produce Per hour Production 0.9 7
CM Per hour $10.27 $57.14
Answer:
d. Harmon only needs to show the bank his record of income from
his old job, not his new business.
Answer:
a. Retained earnings
b. Net income
Explanation:
The statement of the retained earning is shown below:
Retained Earning statement
For the year ended
Beginning balance of retained earning XXXXX
Add: Net income XXXXX
Less: Cash Dividend paid XXXXX
Ending balance of retained earning XXXXX
With the help of the retained earning, net income, and the dividend the statement of the retained earnings should be prepared.
The model that requires a manager to assess her own style and her situational control is<u> "Fiedler's contingency model".</u>
The Fiedler Contingency Model was made in the mid-1960s by Fred Fiedler, a researcher who contemplated the identity and qualities of pioneers.
The model expresses that there is nobody best style of initiative. Rather, a pioneer's adequacy depends on the circumstance. This is the aftereffect of two components – "leadership style" and "situational idealness" (later called "situational control").
