Answer: $756
Explanation:
Based on the information given in the question, the fee that should be charged to obtain a contribution margin of 18% will be:
Target fee = Variable cost/(1-Contribution Margin)
= $620/(1 - 18%)
= $620/(82%)
= $620/0.82
= $756
They should charge $756
Answer:
The correct answer is False.
Explanation:
Mediation is an alternative method of resolving conflicts, which has the intrinsic purpose of reaching the integral solution of a conflict between parties (they can be two or more people), thus avoiding reaching the judicial instance. The guiding principles that guide and implement mediation are: confidentiality, voluntariness, orality between the parties and full communication between them, the impartiality of the intervening mediator and the neutrality of the mediator regarding the matter brought into question.
It is based on democracy, social pacification, individual and social dialogue, respect, and consensus for coexistence. It consists of the intervention of a third party in a conflict, the mediator, in order to facilitate the rapprochement of the opposing parties and promote a negotiation process that allows reaching an agreement agreed and accepted by the parties that ends the conflict.
Answer:
Phi Upsilon Nu
The total annual costs for the Alpha Ave. location with twenty persons living there is:
= $9,000.
Explanation:
a) Data and Calculations:
ANNUAL OPERATING COSTS
LOCATION FIXED VARIABLE Total Costs
Alpha Ave. $5,000 $200 per person $9,000 ($5,000 + $200 * 20)
Beta Blvd. $8,000 $150 per person $11,000 ($8,000 + $150 * 20)
b)The variable cost of each location varies according to the number of persons living there and the rate incurred per person. The fixed cost does not vary, at least, with the relevant range for either location. When the total variable costs are computed, these are added to the fixed cost to obtain the total costs. Then there is a comparison of the two locations to determine the location with the least total costs.
Complete Question:
The "invisible hand" using Adam Smith's terminology refers to
a. government control of the market.
b. market forces working through the price mechanism.
c. the money supply that serves to keep the economy working smoothly.
d. the role of innovation in maintaining a steady rate of growth.
e. "behind-the-scenes" policy making to influence how markets allocate scarce resources.
Answer:
The "invisible hand" using Adam Smith's terminology refers to Market forces working through the price mechanism.
Explanation:
The invisible hand is the in observable market force, which helps demand and delivers goods automatically to balance in a free market.
Description: In his book ' The Wealth of Nations ' Adam Smith implemented the phrase of the invisible hand.
An invisible hand that defines the processes through which favorable social and economic effects that emerge out of the self-interested behaviors obtained by individuals, who have no intention of producing such results. The term developed by the eighteenth-century British philosopher and economist Adam Smith.
Answer:
takeoff
Explanation:
Is the third stageof economic development in which rapid economic growth occurs, theeconomy diversifies from few industries to several industries.
