Answer:
$2325
Explanation:
Indirect costs =75000/750=$100 per hour
Direct Labour = $55 per hour
Total cost per hour =100+55=$155
$155 ×15= $2325
The total cost for the consulting job for George Peterson is $2325
A long-term competitive advantage that is not easily to duplicate or surpassable by the competitors.
it allows the firm to earn excess returns for its shareholders.
Answer:
Joe's Pizza Parlor
The highest number of workers that Joe will hire if he must pay each one $35 a day is
4 workers.
If he wants to maximize his profits without satisfying customers' demand, Joe can choose to work with 2 or 3 workers. However, he can renegotiate the worker's wages downwards.
Explanation:
a) Data and Calculations:
Price of pizza = $5
Wage per worker = $35/day
Number of Workers 0 1 2 3 4 5
Pizzas Baked Per Day 0 12 18 24 30 32
Total revenue 0 60 90 120 150 160
Marginal revenue 0 60 30 30 30 10
Marginal cost of labor 0 35 70 105 140 175
Profit 0 25 20 15 10 -15
Answer:
1. are consistent with decentralization.
2. use the expertise of managers in weighing the costs and benefits of the transfer.
3. preserve the autonomy of the divisions.
Explanation:
A negotiated transfer prices can be defined as the final price reached between the buyer (consumer) of finished goods and services and the trader (seller) of such goods and services.
Negotiated transfer prices has the following advantages;
1. Negotiated transfer prices are consistent with decentralization.
2. Use the expertise of managers in weighing the costs and benefits of the transfer.
3. They preserve the autonomy of the divisions.
Answer:
To enforce this promise we need to analyse whether there has been any agreement or contract between Sarah and Odessa and whether the same can be enforced.
Explanation:
In Sarah's case, her offer to gratuitously pay the neighbor for assisting in the house fire is not an enforceable contract. When the neighbor rushed to help in the fire, the offer to pay $1,000 had not yet been extended. When Sarah did extend the offer to pay $1,000, there was no consideration exchanged between both parties. The consideration, putting out the fire, had already occurred without the offer or acceptance of a contract.
Consider an alternate scenario. Sarah's house was on fire, and she could not wait for the fire department. She ran to her neighbor's house, begged for help, and offered $1,000 in exchange for neighbor's assistance. After hearing Sarah's plea, the neighbor agrees to assist in extinguishing the fire. This constitutes a contract; an offer, consideration, and acceptance.
