<span>Answer:
Profit margin is calculated as-
Profit margin = Net profit / Revenue
Net profit= Revenue- Cost
Revenue = $16.25 million
Cost = $13.5 million + $2.7 million
Net profit = 16.25 million - (13.5 million + 2.7 million)
Net profit = $0.05 million
Profit margin = 0.05 / 16.25
Profit margin = 0.003077 or 0.3077%</span>
Answer:
The correct answer is D
Explanation:
Product differentiation is the term which is described as the strategy of marketing which focuses on showing off the differences among the product or the competition and the business.
So, the firm or business who spend the highest percentage of the revenue on advertising the product are the firms which sell the highly differentiated goods.
The answer to this question is decreases
<span>required reserve ratio refers to a certain amount of depositors' money that the banks need to have available on their hand.
</span><span>simple deposit multiplier. refers to the amount of money that the bank does not hold as excess reserve.
When the amount of cash that need to be held is lower, the amount of excess will also tend to be lower</span>
Answer:
Option B
Explanation:
In simple words, The fundamental mistake throughout the attribution refers to the propensity for individuals to overemphasise personal attributes and neglect environmental variables in evaluating actions of others.
For instance, in one experiment whenever something unpleasant occurred to somebody else, participants blamed the actions or attitude of that individual 65 per cent of the total times. Thus, from the above we can conclude that the correct option is B.
Answer:
The correct answer is $2,610.
Explanation:
According to the scenario, computation of the given data are as follow:-
We can calculate the the direct labor cost by using following formula:-
Direct labor hour required= Estimated production × Direct labor hour
= 870 × 1÷4 =217.5 hours
Direct labor cost = Direct required labor hour × Rate of labor per hour
= 217.5 hours × $12
= $2,610
According to the analysis, $2,610 is the total amount to be budgeted for direct labor.
