One month into a three-month lead generation campaign, it becomes clear your current plan to reach your goal of ten marketing qu
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Answer:
Note: <em>The complete question is attached as picture below</em>
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We are add the previous month +10% to get that month's amounts
Sales Budget
January February March
Cash sales $50,000 <u>$55,000</u> <u>$60,500</u>
Credit sales $120,000 <u>$132,000</u> <u>$145,200</u>
Total sales $170,000 <u>$187,000</u> <u>$205,700</u>
<u>Workings</u>:
February
Cash sales = 50,000+(50,000*10%) = $55,000
Credit sales= 120,000+(120,000*10%) = $132,000
March
Cash sales = 55,000+(55,000*10%) = $60,500
Credit sales= 132,000+(132,000*10%) = $145,200
Answer:
$1.07
Explanation:
The marginal cost measures the change in total cost of adding on more worker divided by the change in product for this additional worker (marginal product of labor). When adding one more worker, costs will increase by $80 (wage rate), while product will increase by 75. Therefore, the marginal cost is:
The marginal cost is $1.07.