If an organizational manual exists, a description of the division of work and the position shown on the organization chart will be given in the manual or will be located on the company's intranet.
A) True
Answer:
Net operating income= 565,000
Explanation:
Giving the following information:
Krazy Kayaks sells its entry-level kayaks for $750 each. Its variable cost is $500 per kayak. Fixed costs are $25,000 per month for volumes up to 1,100 kayaks. Above 1,100 kayaks, monthly fixed costs are $60,000.
Sales= 2,500*750= 1,875,000
COGS= (500*2,500)= (1,250,000)
Gross profit= 625,000
Fixed costs= (60,000)
Net operating income= 565,000
Answer:
$161,400
Explanation:
<u>Cash collection calculation</u>
December cash sales ($160,000*30%) = $48,000
<u>Credit sales</u>
December: (160000*70%*50%) = $56,000
November: (180000*70%*30%) = $37,800
October: (140,000*70%*20%) = <u>$19,600</u>
Total cash collections <u>$161,400</u>
"The three types of economic resources are also referred to as factors of production. Land (including all natural resources), Labor (including all human resources), Capital (including all man-made resources), and when you combine all of those you get production.
"
Answer:
a. True
Explanation:
This statement is true as a norm is a widely accepted behavior or standard of doing things that <em>most people</em> in a society/group agree with. '<em>Over half of the group' </em>can be considered as a majority . It is basically an informal guide on what is considered correct or incorrect and is about the behaviors of that aforementioned group.
