Answer:
$7,816.9943
Explanation:
Using the high-low method;variable cost per unit=[Total cost at highest level-Total cost at lowest level]/(Highest level-Lowest level)
= $16,700 - $15,850 / 951 - 860
= $850 / 91
= $9.340659340659341
= $9.3407
Hence, total fixed cost = $16,700 - ($9.3407*951) = $16,700 - $8,883.0057 = $7,816.9943
Answer:
Buyer (Paden Company)
Explanation:
The freight costs will be paid by the Buyer. FOB shipping point means that the Buyer takes all the risks and rewards associated with the purchase as soon as the goods leave sellers location.
Answer:Telling style leadership
Explanation: According to Hersey and Blanchard’s situational model of leadership, The telling style is an authoritarian type of leadership ususally directed or used with low- maturity followers where the leader gives explicit directions and instructions on how tasks should be performed and orders are not subject to interpretation
This type of leadership usually occurs when the leader has an expertise in the area which he or she specializes and so gives clear, precise quick and controlled instructions for efficient implementation.
Here, Sandra uses the Telling style leadership to accomplish tasks and performances.
This type of "easy way out" does a disservice to the employee, company and co-workers.
Answer & Explanation :
Indifference Curve is a graph showing product combinations, that give consumer the same level of satisfaction.
It is a downward sloping curve, as remaining at same level of satisfaction - if consumption of one good increase, consumption of other good decrease & vice versa.So, the two goods are inversely related and the curve downward sloping
The curve is also concave i.e inwards bowing towards origin. This is because of increasing Marginal Rate of Substitution. MRS is ratio of good sacrifised to gain an additional unit of other good, staying at same satisfaction level & same indifference curve. MRS is slope of IC ; it is decreasing because - as consumer gains more & more of a good, he/ she is willing to sacrifise lesser & lesser amount of the sacrifised good each successive time.
- A downward sloping concave inward bowing towards origin IC shows diminishing MRS
- Any point 'A' on PPC shows product combination that yields same level of satisfaction to consumer as all other points on PPC
- Line of slope ΔY/ΔX reflects good sacrifised, good gained ratio i.e MRS (At point A).
