Answer:
net income increase of 11.25%
Explanation:
If the price p is reduced a 11% means that new price will be p(1-0.11)
New price = 0.89p
The new quantities demandes will increase a 25%, this means that the new quantities will be Q*(1+.025) = 1.25Q
So, the net income under this new circunstances will be
1.25 Q * 0.89P = 1.1125 P*Q
This means a net income increase of 11.25%
Thats how much product was produced and sold in the united states
Well if you have a family business your family most likely will invest which is a smart way to start a business but if your business goes down the drain you lost your family investments
Answer:
The correct answer is "Michael Porter".
Explanation:
Michael Eugene Porter is a professor at Harvard Business School and directs the Institute for Strategy and Competitiveness at Harvard Business School. He is known worldwide for his influence on business strategy, consulting, economic development of nations and regions, and the application of business competitiveness to the solution of social, environmental, and health problems.
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Carns Company is considering eliminating its Small Tools Division, which reported a loss for the prior year of $215,000 as shown below $30,000 decrease.
Contribution margin or dollar contribution per unit is the selling price per unit minus the variable cost per unit. "Contribution" represents the portion of sales that is not consumed by variable costs and contributes to covering fixed costs.
This is an accounting term that helps business owners and managers track the profitability of their products. Understanding contribution margin is important. Because the contribution margin shows how much of the product's sales cover the fixed costs and contribute to the company's profit.
This is an accounting term that helps business owners and managers track the profitability of their products. Understanding contribution margin is important. Because the contribution margin shows how much of the product's sales cover the fixed costs and contribute to the company's profit.
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