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.
Answer:
For more than 180 minutes of phone use.
Explanation:
Let m represent number of minutes of phone use in a month.
We have been given that in Plan A, there is no monthly fee, but the customer pays $0.06 per minute of use.
The cost of using m minutes in plan A would be 
.
We are also told that in Plan B, the customer pays a monthly fee of $4.80 and then an additional $0.03 per minute of use.
The cost of using m minutes in plan B would be 
.
To find the amounts of monthly phone when Plan A will cost more than Plan B, we will set cost of plane A greater than cost of plan B as:
Let us solve for m.
Therefore, Plan A will cost more than Plan B for more than 180 minutes of phone use.
Answer:
The answer is A.
Explanation:
If a person's wealth is in cash, price level changes in the economy will definitely affect the his monetary wealth.
Price level changes arise as a result of inflation. Increase in general price level in the economy will reduce the purchasing power of the cash. For example, a good that used to sell for $2, it now goes for $5.
And if there is decrease in general price level, the purchasing power of the cash will increase.
Answer:
C. completed from beginning inventory, started and completed during the month, and units in ending inventory
Explanation:
During the period, the work done is:
the last part of the beginning WIP
If BI is at 40% complete
During the period 60% is assign to this period cost
the started and complete, those count entirely, as they are finished.
and the equivalent work of the endind inventory
this is also work done during the period, so it should be accounted to assing cost into.
