Answer:
The total budgeted fixed selling and administrative expenses for February is $170,400. The answer is D.
The calculation is as follows:
a) Advertising - $50,100
b) Executive Salaries -$60,100
c) Depreciation - $20,100
d) Others - $40,100
Total = $170,400.
Explanation:
To obtain the above answer, we add up all the budgeted fixed selling and administrative expenses, excluding variable elements.
Fixed costs are costs which do not vary according to the level of production or activity.
Since the other elements of cost, e.g sales commision, shipping, and part of advertising are variable, these are excluded in getting the fixed selling and administrative expenses.
Answer:
1) Food scientist
2) Farm management advisor
3) Farm labor contractor
Explanation:
In sociology, these sales workers would be classified as a secondary group.
A secondary group is a group of people whose relationships with one another is impersonal and goal oriented. The group is usually temporary compared to primary group, which is a small social group whose members share personal relationships with one another. Some examples of primary groups are friends and family.
Answer: b - high wages might be profitable because they raise the efficiency of a firm’s workers
Explanation:
The efficiency wage theory suggests that increasing wages increases labour productivity which can increase profitability of the firm.
High wages increases the retention rate of labour and their productivity.
Answer:
The correct answer is: Horizontal Merger.
Explanation:
A Horizontal Merger occurs when companies within the <em>same industry</em> merge. Competing firms that offer similar goods and services are the most likely to merge horizontally. The potential gain in market share is much greater for such companies. They can also create an organization that has the chance to combine operations for more efficient functioning.
