The items that affect incentives
for people to produce and exchange goods and services are:
liability rules
property rights
contract enforcement
<span>These factors will hinder the exchange of goods
and services to people.</span>
Answer:
$1.5 million
Explanation:
The computation of break even sales in dollars is shown below:
= (Fixed expenses) ÷ (profit volume ratio)
where,
Contribution margin = Sales - Variable expense
= $2,500,000 - 1,050,000
= $1,450,000
And, Profit volume ratio = (Contribution) ÷ (sales) × 100
So, the Profit volume ratio = ($1,450,000) ÷ ( $2,500,000) × 100 = 58%
And, the fixed expenses is $870,000
Now put these values to the above formula
So, the value would equal to
= ($870,000) ÷ (58%)
= $1.5 million
Chapter 12 is meant primarily for: A. Farmers
Answer:
(A)Requirements Contract
Explanation:
A requirements contract is defined as a contract in which one party agrees to supply as much good/service as desired by the other party. In exchange, the other party implicitly promises that it will obtain its goods or services exclusively from the first party.
Since Fly Motor Company agrees to purchase all the airbags it will need from Safe-T. Airbag company, the requirement of exclusive purchase is satisfied.
Answer: Structured compensation program
Explanation: In a structured compensation program the company structures the pay of employees on the basis of a predetermined criteria. The abilities needed to get promotion in such structure could be fixed on the basis of time period served or any other such criteria.
In the given case, Jamie gets promotion at every stage by passing a certain test. Thus, we can conclude that the company is performing structured program.
