Answer:
(Sales volume * Price) – (Variable costs + Fixed costs)
Explanation:
Profit is equal to Total sales less Total costs .
Here, Total costs is the addition of Variable and Fixed costs
(Sales Volume x Price) - (Variable Costs + Fixed Costs).
Answer:
$721,000 is correct
Explanation:
Cost of goods sold =754000 + 125000 -158000
=721,000
Answer and Explanation:
According to the scenario, computation of the given data are as follow:-
Price ceiling:-This is show the limit of the price on maximizing value of the product which is decided by government and his imposed group for customer.
Binding:-The binding price ceiling is below the equilibrium price.
Unbinding:-The unbinding price ceiling is above equilibrium price.
Price floor:-This is show the limit of the price on lower value of the product which is decided by government and his imposed group for customer. A price floor must be higher than the price equilibrium price in order to be effective.
Binding:-The binding price floor is above the equilibrium price.
Unbinding:-The unbinding price floor is below the equilibrium price.
It is given that the equilibrium price of milk is $2.50 per gallon.
Statement 1:-This is the example of price floor and binding because minimum price of $2.30 per gallon is decided.
Statement 2:-This is the example of price floor and binding because minimum price of $3.40 per gallon is decided for gasoline.
Statement 3:-This is the example of price floor and binding because teenagers are not hired due to minimum-wage laws.
Answer:
2. acculturation
Explanation:
Acculturation -
It is process where the cultural , psychological and social changes are balanced between any two cultures , which adapting the prevailing one in the society , in referred to as acculturation.
In this method , the people adapts to a particular new culture of the society.
In order to learn and adapt and live along with the society .
The people actively tries to adapt to the new prevailing culture by increasing participation.
Hence , from the given information of the question,
The correct term is acculturation.
Answer:
Franchising
Explanation:
Since Marianna wants to open additional locations, but she doesn't have a lot of start-up capital, the consolidation strategy for fragmented industries that she could utilize is franchising
Franchising is a business expansion model and marketing concept which can be adopted by an organization that does not have to put down additional capital for expansion.
The expanding firm (a franchisor) only needs to license its know-how, procedures, intellectual property, and the use of its business model, brand, and rights to sell its branded products and services to a franchisee.
The franchisee is the party to bring the capital for the expansion.
Much explains why most restaurants use this same strategy, e.g. KFC, Subway and McDonald's;
