A U.S business sells milk to consumers in France. Which situation would most likely cause demand for milk to rise in France?

Ivanhoe Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,380 per month. One of the bar

ANTONII [103]

Answer:

Fredonia Barber Shop

a. Variable costs per haircut = $4.40

Total monthly fixed costs = $8,910

b. Break-even point in units = 1,350

Break-even point in sales dollars = $14,850

Net income with 1,670 haircuts = $2,120

Explanation:

a) Data and Calculations:

Fixed costs:

Wages of barbers per month = $6,900 ($1,380 * 5)

Manager's allowance per month = $535

Advertising per month = $270

Rent per month = $1,010

Utilities per month = $160

Magazines per month = $35

Total fixed costs per month = $8,910

Ivanhoe currently charges $11 per haircut.

Variable costs per haircut:

Commission per haircut = $3.75

Barber supplies per haircut = $0.50

Utilities per haircut = $0.15

Total variable costs per unit $4.40

Contribution margin per haircut = $6.60 ($11 - $4.40)

Contribution margin ratio = 0.6

Break-even point in units = $8,910/$6.60 = 1,350

Break-even point in sales dollars = $8,910/0.6 = $14,850

Net income assuming 1,670 haircuts for a month:

Sales revenue = $18,370 ($11 * 1,670)

Variable costs = 7,340 ($4.40 * 1,670)

Contribution $11,030

Fixed costs 8,910

Net income $2,120

8 0

3 years ago

Explain why unions have declined in power in the last few decades.

Agata [3.3K]

Answer: See explanation

Explanation:

There are a number of reasons for the reduction in the power of unions in the last few decades.

One reason attributed to this is due to the shift in the composition of the economy of the United States. Nowadays, there are more people whom work in the service industries, and these sector usually have lower unionization rate.

Also, there is a reduction in the number of unions in the ndustrial sector. Some states have a right to work laws in place which has also led to reduction in the power of the unions.

Lastly, thecemployer reactions are also a contributory factor as they're more aggressive so as to keep unions from their companies.

7 0

3 years ago

Leasing allows business owners to forecast cash flows more ________ because lease payments are ________ amounts paid over a part

Pie

Leasing allows business owners to forecast cash flows more ACCURATELY, because lease payment are FIXED amount paid over a particular time period.
Leasing involves paying a specified amount of money monthly or yearly for use of a particular landed property. Leasing fees are usually fixed in amount and this allows one to accurately calculate how much money one can expect from this source of revenue.

3 0

3 years ago

Using supply/demand analysis and words, demonstrate what a weakly enforced antiscalping law would likely do to the price of tick

erastova [34]

Full question:

In some states and localities, scalping is against the law although enforcement is spotty

A. Using supply/demand analysis and words, demonstrate what a weakly enforced antiscalping law would likely do to the price of tickets.

B. Using supply/demand analysis and words, demonstrate what a strongly enforced antiscalping law would likely do to the price of tickets

Answer and Explanation:

A. For the first scenario, a weakly enforced antiscalping law would still allow the resale of tickets as it is not enforced properly. Therefore it's effect on price would remain as though there were no laws restricting scalping( scalping: price increase created by artificial shortage and bulk resale of tickets) . See the attached diagram for the supply and demand curve and price increase as a result of a weak antiscalping law

B. For the second scenario, scalping has no effect on price as antiscalping laws are strong and therefore there is no scalping. Price remains the same and does not change.

In diagram A for first scenario price increases from p1 to p2 and quantity decreases from q1 to q2 to indicate increase in price and quantity decrease for shortage respectively. This shows the effect of scalping on the market with weak antiscalping laws

In diagram B, price and quantity remain the same to show strong antiscalping laws

7 0

2 years ago

Patricia is the owner of a floral shop. a successful global candle company approached her about selling its products in her shop

Tema [17]

What could mean above is that the events that is happening to Patricia's life is an opportunity. It is an opportunity for it enables a person to do the things he or she wants with the circumstances that has been given to him or her. It could be described in the scenario above as a global company approach her into selling her products to their shop in which it could make her reach the goal that she has always wanted.

5 0

3 years ago