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Neporo4naja [7]
3 years ago
12

You run a school in Florida. Fixed monthly cost is $5,835.00 for rent and utilities, $5,906.00 is spent in salaries and $1,061.0

0 in insurance. Also every student adds up to $100.00 per month in stationary, food etc. You charge $678.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $11,538.00, salaries to $6,613.00 and insurance to $2,290.00 per month. Variable cost per student will increase up to $192.00 per month. However you can charge $1,099.00 per student. You want to determine in percent the new charge compared to the previous charge. To calculate this, divide the new change per student by the previous charge per student, keep in a decimal form and round to 3 decimal points.
Business
1 answer:
olga55 [171]3 years ago
3 0

Answer: 1.621

Explanation:

The old charge per student was $678 per month

The new charge is $1,099.

The percent of the new charge compared to the old according to the question methodology is:

= New charge per student / old charge per student

= 1,099/678

= 1.621

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3 years ago
Ziff Corp. was a leading electronics firm for about three decades. As new competitors entered the industry, Ziff Corp's market s
Viktor [21]

Answer:

The correct answer is competitive inertia.

Explanation:

In physics the principle of inertia is studied, which is explained as "Every body that is not subjected to any force will remain at rest" or also as "The resistance of the bodies to change their state of rest or movement without the intervention of any strength". These concepts fit perfectly into the world of organizations, since these bodies can be seen as a team of people who interact with each other (work team), towards a common vision.

Competitive inertia refers to the tendency of companies to remain at rest or to continue moving in a certain strategic line unless stimulated by some external force.

4 0
3 years ago
Amos, Inc. uses a standard cost system with the following labor standards for one unit of product: standard hours 0.2 and standa
andriy [413]

Answer:

$529.34 favorable and $1,111 unfavorable

Explanation:

The computation of the direct labor rate variance is shown below:  

= Actual Hours × (Actual rate - standard rate)  

= 3,781 hours × ($41,066 ÷ 3,781 hours  - $11 per hour)  

= 3,781 hours  × ($10.86 per hour  - $11 per hour)  

= $529.34 favorable

And, the efficiency variance is

= (Standard hours - Actual hours) × standard rate

where,

Standard hours is

= 18,400 units × 0.2

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Actual hours is 3,781 hours

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7 0
3 years ago
Molly liquidates her catering business. She is left with $20,000 after selling all the assets and settling the liabilities. In t
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Answer:

In this case, the amount of $20,000 represents the owner's equity.

Explanation:

Assets:

Assets are the items that are own by a business. Examples of assets are inventory, machinery, company owned vehicles etc.

Liabilities:

Liabilities are the items a business owes to others. Examples of liabilities are bank dept, taxes, mortgage debt etc.

Equity:

Owner's equity is also known as net assets refer to the owner share of assets when the liabilities are paid off.

The relation between Assets, liabilities and owner equity are represented in a equation as:

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8 0
3 years ago
The tables show the annual incomes for the citizens in two countries, Melka and Sorare. Use this information to answer the quest
masya89 [10]

Answer: The nation of Sorare

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The Gini coefficient is a statistical measure that is used to measure income disparity/ inequality in a country.

The closer to zero the Gini coefficient is, the more equitable the income in a country is. Simply put, if more people in a nation have similar levels of income, the Gini coefficient will be smaller.

In the question, the nation of Sorare has two people earning a high amount of money while others make considerably less. This shows a high income disparity which means that the Gini coefficient here will be higher than in Melka where citizens mostly have similar incomes.

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3 years ago
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