Answer:
Contribution Margin $ 5775
Net Loss ( $ 5,200 )
Explanation:
Ticket sales $12,600
Less
Variable Costs
Cost of dinner
Variable Costs ( 15,300- 9000) $ 6,300
Invitations and paperwork (variable costs) <u> $ 525</u>
Less Fixed Expenses
Cost of dinner (fixed costs) $ 9000
Invitations and paperwork (fixed costs) <u>$ 1975</u>
Net Loss ( $ 5,200 )
Contribution Margin is obtained by deducting variable costs from sales and then the profit or loss is obtained by deducting fixed costs from the contribution margin.
Answer: The four main ways a business may increase it's profit are through reducing costs, increasing turnover, increasing productivity, and increasing efficiency.
Answer: adaptive selling
Explanation: In simple words, adaptive selling refers to the ability under which an employee changes his or her behavior with the change in the status of the clients.
Under such style of selling, the salesman performing highly focus on the type of customer, the situation in which sales is made and the feedback received and tailors his or her approach to sales accordingly.
In the given case, Tony is stating different facts regarding the product for different customers. Hence we can conclude that he is doing adaptive selling.
The IRR can lead to incorrect project rankings because projects with much higher NPVS may also have <u> </u><u>longer project lives.</u>
Certain projects may have a very high IRR and may only last a year. Therefore, a project with a slightly lower IRR and lasting several years may be favored over a project with a higher IRR. NPV correctly ranks these projects when ranking from highest NPV to lowest NPV.
A project is an undertaking, individually or collectively, involving carefully planned research and design to achieve a specific goal.
Another view of project management is to think of it as a series of events or "a series of related tasks to be performed over a specified period of time and within specified costs and other constraints."
A project is a temporary (rather than permanent) social system (work system) set up by a team (intra-organizational or inter-organizational) to accomplish a specific task under time constraints. in some cases.
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