4 years ago

What does the cio in a company do

Business

1 answer:

Mars2501 [29]4 years ago

8 0

Manage the technological areas of the company

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Linda's Autoplex performs oil changes on automobiles, light trucks, and sport utility vehicles. She is a profit maximizing busin

madam [21]

Answer:

$15 per hour

Explanation:

In order for a profit maximizing firm to operate in a competitive market, the marginal revenue product (MRP) must be equal to the marginal cost (MC).

MRP = 1.5 oil changes per hour x $10 per oil change = $15

since MRP = MC, then Linda should pay her worker a maximum of $15 per hour.

No option is even close, they are all over $500 and that is way off limits.

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3 years ago

A fundamental analysis is reviewing a corporation's income statement. For the period, the company reported net sales of $10 mill

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Answer:

the company's cash flow from operations was $2,500,000.

Explanation:

Calculation of cash flow from operations :

Net Sales $10,000,000

Less Cost of Goods Sold ($6,000,000)

Gross Profit $4,000,000

Less Expenses :

Depreciation expense ($1,000,000)

Interest on long-term debt ($1,000,000)

Income tax expenses ($500,000)

Operating Profit / (Loss) $1,500,000

Add Back Depreciation $1,000,000

Operating Cash flow $2,500,000

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3 years ago

You find that you have significatantly overcharged one of your clients. The error was discoverd by you when you recieved payment

rusak2 [61]

Answer:

Tell the client what happened and apologize. A good business should have costumer service the number one priority.

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3 years ago

Bonita Industries purchased a depreciable asset for $174500. The estimated salvage value is $14300, and the estimated useful lif

jok3333 [9.3K]

Answer:

Annual depreciation= $16,020

Explanation:

Giving the following information:

Purchase price= $174,500

Salvage value= $14,300

Useful life= 10 years

To calculate the depreciable base, we need to use the following formula:

Depreciable base= purchase price - salvage value

Depreciable base= 174,500 - 14,300

Depreciable base= $160,200

Now, we can determine the annual depreciation:

Annual depreciation= depreciable base /estimated life (years)

Annual depreciation= 160,200 / 10

Annual depreciation= $16,020

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3 years ago

A student bought a used car for $10,000 and resold it one year later for $6,500. insurance, license, and operating costs for the

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3 years ago