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zalisa [80]
2 years ago
8

Arnold is the CEO of Beta Corp. Arnold's responsibilities include making decisions on product development, marketing and other s

ignificant business directions. Arnold's position is subject to the approval and oversight by Beta's Board of Directors.
Carol is a Beta manager whose responsibilities include directing Beta's day to day hiring, firing, purchasing and selling.
Dave is a Beta salesperson whose daily activities are controlled by Carol, his supervisor.
Fred works from home to edit Beta's technical manuals on a contract- per-manual basis (he is paid for each manual he edits), and is not otherwise subject to Beta's control.
Identify each of the persons below as a principal, an agent, an agent-employee or an independent contractor - and explain your conclusion. For example, is Arnold a principal, agent- employee, or independent contractor and why? If you believe a person can hold more than one status, discuss/explain.
A. Arnold
B. Carol
C. Dave
D. Fred
Business
1 answer:
Luden [163]2 years ago
6 0

Answer:

Beta Corp.

A. Arnold = Agent (Arnold exercises significant power on behalf of the Beta's Board of Directors).

B. Carol = Agent-Employee (Carol does not exercise significant power on behalf of the principal (the Board of Directors of Beta).  Instead, she is subject to Beta's control)

C. Dave = Agent-Employee, just like Carol.  He is a mere employee subject to Beta's control.

D. Fred = Independent Contractor because he controls and directs the result of his work, though he does not decide the work or how it should be done.

Explanation:

Principal = a person who assigns the agent to act on her behalf.

Agent = a person who the principal authorizes to exercise significant power on her behalf.

Agent-employee = an employee of a company.  The employee does not exercise the right of control and direction of the results of her work.

Independent contractor = a person who exercises the right of control and direction for work result, and not how and what is done.

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Currently, you make one of the components needed for final assembly of your product and you are considering buying the part from
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Answer:

1. Break even quantity is 18,125 units

2. Cost to make 28,000 units = $ 775,000

3. Total costs to buy 28,000 units = $ 696,000

4. Savings by using low cost option ( buy from outside) $ 79,000

Explanation:

Computation of Break even point

Variable cost to make equipment in house                $ 25 per unit

Cost to purchase the unit from outside                       <u>$ 17 per unit</u>

Differential Cost per unit                                               <u>$ 8 per unit</u>

Fixed costs to be paid to outside supplier                  $ 220,000

Fixed costs to  be incurred in house                            <u>$  75,000</u>          

Incremental fixed costs                                                 $ 145,000

Break even point - Differential in fixed costs / Differential cost per  unit

$ 145,000/ $ 8 =                                                            18,125 units      

Computation of costs to make 28,000 units

Variable costs per unit -  $ 25 per unit

Units to be produced   -  28,000 units

Total Variable costs  $ 25 * 28,000 units                   $ 700,000

Fixed costs                                                                     $ <u> 75,000</u>

Total costs to make 28,000 units                               $ 775,000      

                               

Computation of costs to buy 28,000 units

Variable costs per unit -  $ 17 per unit

Units to be produced   -  28,000 units

Total Variable costs  $ 17 * 28,000 units                    $  476,000

Fixed costs                                                                    $  <u>220,000</u>

Total costs to make 28,000 units                              $ 696,000  

Computation of savings

Buying 28,000 units                                                    $ 775,000

Making 28,000 units                                                   <u>$ 696,000</u>

Savings from buying from outside                              $ 79,000                                

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