Answer:
The operating income will increase by $13,000.
Explanation:
Giving the following information:
Sales revenue
Total= $490,000
Luxury= $360,000
Sporty= $130,000
Variable expenses:
Total= $355,000
Luxury= $235,000
Sporty= $120,000
Contribution margin
Total= $135,000
Luxury= $125,000
Sporty= $10,000
Fixed expenses:
Total= $78,000
Luxury= $39,000
Sporty= $39,000
Operating income (loss):
Total= $57,000
Luxury= $86,000
Sporty= $(29,000)
New Income Statement:
Sales= 360,000
Variable costs= 235,000 (-)
Contribution margin= 125,000
Fixed costs= 39,000 + 16,000= 55,000
Operating income= 70,000
The operating income will increase by $13,000.
Answer:
both Sue and Tessa gain 0.3; 0.50
Explanation:
Sue's production possibilities frontier:
Sue's opportunity cost:
- opportunity cost of producing caps = 21 / 70 = 0.3 jackets
- opportunity cost of producing jackets = 70/21 = 3.33 caps
Tessa's production possibilities frontier:
Tessa's opportunity cost:
- opportunity cost of producing caps = 25 / 50 = 0.5 jackets
- opportunity cost of producing jackets = 50/25 = 2 caps
Sue should produce caps and Tessa jackets:
total production = 70 caps (Sue) + 25 jackets (Tessa), if they trade they will both win because each specialized in producing the good in which they have a comparative advantage (lower opportunity costs). If Sue traded and received 21 jackets, she would still have 28 caps left. If Tessa traded and received 50 caps, she would still have 10 jackets left.
Answer:
$100,000
Explanation:
Given data :
It is given that a public school pays all the teachers in its school the same annual wage.
The public school hires good teachers in all the areas except science, at a price of = $70,000
The school could hire only poor science teachers because the demand of science teachers are high.
Amount to be paid to hire good science teachers = $90,000
We know,
Change in cost = $90,000 - $70,000
= $20,000
∴ 
=$100,000
Answer:
These are the options for the question:
A) self-service retailer
B) off-price retailer
C) full-service retailer
D) supermarket
E) convenience store
And this is the correct answer:
C) full-service retailer
Explanation:
A full-service retailer is a retailer that accompanies the customer in every step of the buying process: from checking the products, to choosing one, to selecting a payment options.
The idea of a full-service retailer is to provide added-value tu the customer in every step, so that the sale is more likely to be closed, and also so that the customer is more likely to go back to the store, due to the good experience he was provided with.
Answer:
b. Promotion
Explanation:
Promotion considers the many ways marketing agencies share information about their products. Promotion includes events like advertising, public relation, email marketing etc. Marketing includes the use of tools such as TV, radio, and print.
