Answer:
The Boston-Amsterdam round-trip travelers are more likely to be on business, whereas the multi-city travelers going to Greece are likely to be on vacation, and therefore more price-sensitive.
Explanation:
The customers with more price- sensitivity are charge less than the customers with less price-sensitivity. multi-city travelers are more likely to be on a tour of cities and the Boston-Amsterdam travelers are likely to be on business.
Answer:
(a) 72
(b) 57.6
(c) 46.08
Explanation:
Given that,
Units produced = 1
Marginal Labor Time = 112.50
Units produced = 2
Marginal Labor Time = 90.00
First, we need to calculate the learning rate.
Learning Rate:
= (Marginal labor time for producing 2 units ÷ Marginal labor time for producing 1 units) × 100
= (90 ÷ 112.50) × 100
= 80%
At production level of 1 unit:
Marginal Labor time = 112.5
At production level of 2 units:
Marginal Labor time:
= Marginal Labor time at 1 unit × Learning rate
= 112.5 × 80%
= 90
(a) At production level of 4 units:
Marginal Labor time:
= Marginal Labor time at 2 units × Learning rate
= 90 × 80%
= 72
(b) At production level of 8 units:
Marginal Labor time:
= Marginal Labor time at 4 units × Learning rate
= 72 × 80%
= 57.6
(c) At production level of 16 units:
Marginal Labor time:
= Marginal Labor time at 8 units × Learning rate
= 57.6 × 80%
= 46.08
Answer:
The correct option is C) $1,600,000.
Explanation:
This can be calculated using the following formula:
Sales revenue required = (Fixed cost + Targeted profit) / Contribution margin ratio .......................... (1)
Where;
Fixed costs = $400,000
Contribution margin ratio = 30%
Targeted profit = $80,000
Substituting the values into equation (1) we have:
Sales revenue required = ($400,000 + $80,000) / 30%
Sales revenue required = $480,000 / 30%
Sales revenue required = $1,600,000
Therefore, the correct option is C) $1,600,000.
Answer:
$2,205
Explanation:
The amount available after two years can be calculated using the formula
A= P x ( 1 + r) ^n
where A = amount
P= principal: $2000
r = interest rate : 5%, or 0.05
n = number of compound periods: 2
A= $2000 x ( 1 + 0.05)^2
A= $2000 x1.1025
A= $2,205
Principal amount after two years = $2,205
