Answer:
The luxury brand that shares its name with the french explorer who is credited with naming canada is Cartier.
Explanation:
Cartier is a brand that produces and sells watches and jewelry and it shares its name with the french explorer, Jacques Cartier, who used the word Canada to define an entire area that with time was applied to a larger one and today corresponds to the whole country of Canada.
Answer:
Explanation:
1. Indirect Material variable cost Per Direct Labor HR 5000000/50000=100
Indirect Material (variable) 100*75000 =7500000
Rent Fixed 6000000
Hence total Maintenace Fixed =17625000-7500000-600000= 4125000
2.
Low High Change
Cost 3250000 4125000 875000
[4125000-3250000]
Activities 50000 75000 25000
variable Portion of Maitencance cost =875000/25000= 35.00
Fixed cost=4125000-75000*35=1500000
Variable cost=35
cost formula for maintenance= 1500000+35b
3.
Indirect Material (variable) 100*70000 = 7000000
Rent Fixed 6000000
Maintenance cost = 1500000+35*70000=3950000
Answer:
The minimum price is $6.8
Explanation:
Giving the following information:
Crane Company incurred the following costs for 88000 units: Variable costs $528000 Fixed costs 392000 Crane has received a special order from a foreign company for 3000 units. There is sufficient capacity to fill the order without jeopardizing regular sales. Filling the order will require spending an additional $2400 for shipping.
Because it is a special order and there is unused capacity, we will not have into account the fixed costs.
Unitary cost= (528,000/88,000) + (2,400/3,000)= $6.8 per unit
The minimum price is $6.8
Answer:
An increase in the unit (per pill) contribution margin.
Explanation:
Breakeven point is defined as the level of sales where total cost is equal to total revenue.
The formula is given as
Breakeven= Fixed cost ÷ (Sales revenue -Variable cost)
Note the Sales revenue less variable cost is the contributing margin.
Breakeven= Fixed cost ÷ Contributing margin
To reduce breakeven we must either reduce the numerator or increase the denominator.
In this case an increase in contributing margin will result in a decrease in breakeven amount of the company.
Answer:
D. Earn short run economic profits
Explanation:
A cartel can be defined as a formal agreement reached (collusion) in an oligopolistic industry between two or more business firms that are saddled with the responsibility of producing goods and services in order to make price and output decisions such as price regulation, total level of output or supply, allocation of customers, market shares, territory allocation, division of profits, collusive bidding etc.
This ultimately implies that, when a group of independent firms in an oligopolistic industry collude by reaching a formal agreement to regulate supply, as well as manipulate or regulate prices, they do so to increase their profits and market dominance.
Hence, firms colluding earn short run economic profits.
