Answer:
In the following situation:
Jacob rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20, to cover maid service and utilities. His fixed costs are $100,000 and his profit last year was $20,000.
The Jacob's contribution per unit is:
e) 80
Explanation:
To understand this answer we need to explain a few things. First of all, te contribution unit concept is used to express, identify, or define the net profit after one unit has been sold and all the expenses have been subtracted from it. The formula to obtain it is: (Total revenues- Total Variable costs) divided by total units. Following this information we have.
Total revenue is: 100 USD per night
Total variable costs are: 20 USD per night
Total units are only one.
Therefore 80 USD is our contribution per unit.
Multiple Choice
A. The hair salons will be forced to move to a less demanding neighborhood.
B. The hair salons will be taken over by competitors in the area.
C. The hair salons will stay in business, and customers will adapt to their services and products.
D. The hair salons will be converted into a different type of business that can succeed in this area.
E. The hair salons will go out of business.
Answer:
Option B. The hair salons will be taken over by competitors in area.
Explanation:
The reason is that when the quality of the product that the seller promised is not delivered the customer satisfaction level drops significantly and thus moves towards the other seller which results in the loss of the customer. So this means if the business is not delivering the desired quality then it will keep loosing business customers because the competitor will take over the lost business.
Answer:
A) It is unlawful to use criteria that will screen out individuals with disabilities unless the criteria are consistent with a business necessity.
Explanation:
The Americans with Disabilities Act became a law in the year 1990 in the United States of America. It is a 
which prohibits and prevents any discrimination against a person with disability in any sphere, i.e. in school educations, employment and all the places that are opened for the general public.
It states that it is illegal to use the criteria which will screen out the individuals with any disabilities except the criteria are consistent with business necessity.
The right answer for the question that is being asked and shown above is that: (1) c) The minimum wage will rise to meet equilibrium. (2) d)companies are less likely to sign up employees for unemployment insurance. (3) d) They are subject to the banking regulations issued by the Federal Reserve.. (4) a) Decreasing inflation (5) c) expansionary monetary policy (6) <span>c) Quantity demanded and supplied will reach price equilibrium.</span>
Answer:
C) $828
Explanation:
in three years Mika will pay:
closing costs + 36 monthly payments = $7,100 + ($675 x 36) = $7,100 + $24,300 = $31,400
his move in costs are $750 + 1 month rent, so:
$750 + 37R = $31,400 where R = rent per month
37R = $30,650
R = $30,650 / 37 = $828
