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3 years ago

Omar and Janet decide to revise their budget for Rings and Things. What suggestions about labor

Business

1 answer:

Citrus2011 [14]3 years ago

5 0

Answer:

Review labor costs downwards

Explanation:

Janet and Omar should consider revising their budget for labor downwards. In the current state, labor costs are $1000, which is approximately 57 percent of all costs. As a rule of thumb, labor costs should be between 25 to 35 percent of total costs. This implies that Janet and Omar's labor costs are very high in relation to the other costs.

Janet and Omar should aim for a profit. Ideally, a 25 to 30 percent profit is a good target for such a business. For this to happen, they need to cut down labor to between $300 to a maximum of $400.

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When you decide to go and have a dinner with your friends in a world class hotel such as the Golden Tulip or La Pleasure Beach,

bezimeni [28]

Answer:

A. Price makers

B. Brand name

Explanation:

A. The hotels charge very high prices for wine and soft drinks because they are not price takers. They do not consider the price prevailing in the market for the products they are offering to the customers. They are price makers and select to charge the price they want to maintain their current hospitality. It their perception that wine and soft drinks are part of luxury. The food is an essential and people are not allowed to bring outside food in the hotel so they will buy it but when they will consume food they will also require the drinks as a part of their meal.

B. The people in today's world are so much brand conscious. They will pay for a name tag so they will be regarded for their high status in the society despite of low quality products. The ease of shopping at the branded stores is another reason for their high sales.

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3 years ago

A plant is proposing to install a combined heat and power system to supply electrical power and process steam. Power is currentl

Degger [83]

Answer:

Cumulative net present value of the project is:

= $33.5 million.

The discounted cash flow rate of return is:

= 26%

Explanation:

a) Data and Calculations:

The capital cost of the combined heat and power system = $23 million

Expected net savings per year = $10 million

Project period = 10 years

Discount rate = 12%

Annuity PV factor for 10 years at 12% = 5.650

Total PV of the cash flows = $56.5 million (5.650 * $10 million)

NPV of the project = $33.5 million

Annualized NPV = $33.5 million/5.650

= $5,929,204

Discounted cash flow rate of return = Annualized NPV/Investment * 100

= $5,929,204/$23,000,000 * 100 = 26%

6 0

3 years ago

While _______ decisions will generally need to be processed via the ______ system in our brains in order for us to reach a good

Jet001 [13]

Answer:

Nonprogrammed; reflective; programmed; reactive

Explanation:

Programmed decisions can be regarded as decision which involves well understood criteria when making it,. nonprogrammed decisions on the other hand can be explained as decisions which are novel, they are decision that does not have clear guidelines when trying to reach solution. rules as well as guidelines can be set up for programmed decisions by Managers when known fact is available because this will enhance in reaching

decisions quickly. It should be noted that While non programmed decisions will generally need to be processed via the reflective system in our brains in order for us to reach a good decision, with programmed decisions, heuristics can allow decision-makers to switch to the quick, reactive system.

5 0

3 years ago

On January 1, 2020 (the date of grant), Ayayai Corporation issues 1,900 shares of restricted stock to its executives. The fair v

vagabundo [1.1K]

Answer and Explanation:

The journal entries are shown below:

On Jan 1, 2014

Unearned compensation Dr. $45,000

To paid in capital in excess of par $35,500

To common stock $9,500

(Being the unearned compensation is recorded)

On Dec 31,2014

Compensation expense Dr. $15,000 ($45,000 ÷ 3 years)

To unearned compensation $15,000

(Being one year compensation became due is recorded)

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3 years ago

A visual of a map color-coded to indicate states' rates of consumer debt is an example of

AleksAgata [21]

A cosmograph simply because that is not what any of the other graphs look like. D is the only one that can take the shape of a state.

6 0

3 years ago

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