When designing a project schedule, the ____________ of the schedule provides the level of detail for monitoring the progress of the project so that everyone has the same understanding of what must be achieved by when.
When designing a project schedule, the network diagrams of the schedule provides the level of detail for monitoring the progress of the project so that everyone has the same understanding of what must be achieved by when.
What is a schedule for a design project?
A draft plan is an estimated timetable for particular actions. Project design timeline estimates are built from individual action design timeline estimations. Getting everyone to agree might be challenging. The initial project meeting might not be sufficient due to the numerous moving pieces, various deliverables, and cross-departmental collaboration.
The ability to align concepts, procedures, and results exists in project design. This stage of the project lifecycle occurs early on, frequently before project planning and charter. This is due to the fact that the project overall rather than the precise specifics are the main focus.
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returns calculated from which type of real estate index are most likely to have the lowest standard deviation?
Returns calculated from appraisal index type of real estate are most likely to have the lowest standard deviation
Appraisal index type is a type of real estate performance index based on periodic estimates.
There are three types of appraisal index types:
comparison approach
income approach
coast approach
This method is used as an indicator for specific building costs.
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you simultaneously purchase an underlying stock at $100 and buy an at-the-money put (exercise price is $100) on the stock. the option price is $10. what is the breakeven stock price for this strategy with regard to profit at expiration of the put? $90 $95 $100 $105 $110
$110 is the breakeven stock price for this strategy with regard to profit at expiration of the put.
When Is a Put Option Considered to Be "In the Money"?Investing may be a very satisfying activity. However, with so many alternatives available, things may become a little overwhelming, not to mention terrifying. The most straightforward and popular investment options are stocks, bonds, and mutual funds, which are where most investors start off.The opposite of a call option is a put option. A call option's holder has the right, but not the responsibility, to purchase the underlying security at a given strike price before the option expires. In the money, puts have inherent worth. The put option expires worthless when the price of the stock exceeds the strike price. When the stock price reaches $110, we will lose the $100 premium we paid for the put option (because it is out of the money) while also making a $10 profit on our investment, resulting in a situation where everything is equal. Therefore, $110 is the breakeven stock price for this strategy in terms of profit at expiration.To learn more about expiration of the put, refer to
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which of the choices is the best example of creative destruction?
A. In the past month, there were 20,000 layoffs but 22,000 new hires.
B. A chemical plant decides to use a new process in their reactions, which after combustion results in large amounts of pink smoke being emitted to the nearby town and consequent fires in the chemical plant.
C. An antitrust suit is filed in court against a monopolist.
D. The prime minister signs into law that the minimum wage will go down by 50 cents.
The best example of creative destruction is in the past month, there were 20,000 layoffs but 22,000 new hires.
Since the 1950s, the term "creative destruction" has been most closely associated with Austrian-born economist Joseph Schumpeter, who developed the idea from Karl Marx's work and popularized it as a theory of economic innovation and the business cycle. Additionally, Schumpeter's gale is another name for it.
The "gale of creative destruction," in Schumpeter's words, refers to the "process of industrial mutation that ceaselessly revolutionizes the economic structure from within, endlessly destroying the old one, endlessly building a new one." The idea is used more generally in Marxian economic theory to describe the connected processes of the creation and destruction of wealth under capitalism.
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cambridge company manufactures three main products, l, m, and n, from a joint process. additional information for june production activity follows: l m n total units produced 50,000 40,000 10,000 100,000 joint costs ? ? ? $ 450,000 sales value at split-off $ 420,000 $ 270,000 $ 60,000 $ 750,000 additional costs if process further $ 88,000 $ 30,000 $ 12,000 $ 130,000 sale value if processed further $ 538,000 $ 320,000 $ 78,000 $ 936,000 assuming that the 10,000 units of n were processed further and sold for $78,000, what was cambridge's gross profit from this sale? assume the physical quantities method of allocation is used.
The Cambridge's gross profit from this sale was $ 60,000.
What is gross profit?Gross profit is the amount a business makes after deducting the expenses associated with manufacturing and marketing its products or providing its services. Gross profit, which appears on an organization's income statement, can be calculated by subtracting the cost of goods sold (COGS) from revenue. An organization's income statement will contain numbers. Other of names for the gross profit include sales profit and gross income. Generally speaking, fixed costs are not included in gross profit (that is, costs that must be paid regardless of the level of output). Rent, advertising, insurance, salaries for staff not involved in the production directly, and office supplies are some examples of fixed costs.
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carolina sailboat contracts with a company that identifies businesses in foreign countries that will market and sell their line of sailboats. this company also provides all the documentation for the exports, coordinates logistics, and transportation. what type of company does carolina sailboat contract with?
With Export trading company carolina sailboat don contract.
Explanation of export trading company:
An export trading corporation (ETC) manages the exportation process on behalf of clients, traversing all statutory requirements and administrative guidelines that a business must adhere to before a nation can permit the export of its goods.ETCs, sometimes known as export management firms, might be situated locally or abroad, for example, in the nation that imports the commodities that the company is attempting to correctly export.An ETC can help a company develop strategies to reduce exchange rate risk, lower training and recruitment costs, and provide local knowledge about the laws and regulations in a foreign country.to learn more about export trading company
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a class-action suit against a utility company resulted in a settlement of $1.45 million for 63,000 customers. if the legal fees, which must be paid from the settlement, are $300,000, what amount will each plaintiff receive? (round your answer to 2 decimal places.)
The amount of money that each plaintiff will receive is $18.25.
What is money?a current medium of exchange in the form of coins and banknotes.
How to calculate how much money that each plaintiff will receive from the question?
First, let's identify what was informed from the question.
Settlement money = $1.45 million
Legal fees for the settlement = $300,000
Number of plaintiff = 63,000 customers
Now, we want to calculate the amount that will be received by each plaintiff
Amount received = net money / number of plaintiff
= (1,450,000 - 300,000) / 63,000
= $18.25 (rounded)
So each plaintiff will get $18.25 for the settlement money
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if edsel uses the sales revenue approach for estimating the allowance for credit losses, the allowance for credit losses, after the proper adjustments to the accounts are recorded, should show a balance of
For estimating the allowance for credit losses, after the proper adjustments to the accounts are recorded, should show a balance of $13500.
What causes a credit loss?The company's financial statements treat the provision for credit losses as an expense. Delinquent and bad debt as well as other credit that is anticipated to default or become unrecoverable have caused their expected losses.
Losses on credit result from defaulted borrowers. As future repayments fail to materialize (or evidence mounts that they won't materialize), banks value loans as the (discounted) value of those repayments. According to accounting standards, banks must report the decline in the value of these loan assets.
Credit Sales = $600000
Estimated uncollectible = 0.02 of $600000
= $ 12000
Balance in uncollectible = 1500 + $ 12000
= $13500
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which term is used to describe a call provision in which the issuer is prevented from calling a portion or the entire issue for several years during the early years of the bond issue? sinking fund provision declining call provision deferred call provision
Deferred call provision is the name given to a call clause that prohibits the issuer from calling all or a portion of the bond issue for a number of years during the initial years of a bond issuance.
Define the deferred call provision?a clause that forbids the company against calling the bond ahead of schedule. The bond is referred to as being "call safeguarded" at this time.
A bond's or other fixed-income instrument's contract may contain a clause known as a "call provision" that enables the issuer to repurchase as well as retire the debt security.The bond issuer can then introduce new bonds with only a lower coupon rate that reflects the shift inside this interest rate market after early redemption of its outstanding obligations. On account of this, the issuer can borrow at below interest rate.Thus, the term "delayed call provision" is used to designate a call clause that states that the issuer is restricted from calling some portion or perhaps the central issue for a number of years during the initial years of a bond issue.
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Organizations increase by sharing information with employees at all levels and giving them the authority to make decisions.
By providing information to staff at all levels thus giving them the power to make decisions, organizations promote "empowerment."
Define the term empowerment?Sharing knowledge, benefits, and power among employees is a management strategy known as empowerment in the workplace.
By granting them authority and independence, this places them at the center of the organization.Because in order to remain competitive, firms must be proactive, adaptable, and imaginative. If this continual process and that these initiatives would not come from employees, it may be very challenging to implement. Gaining access to field data and being able to act swiftly in accordance with a well-defined corporate vision are essential for getting things rolling.In order for empowerment to be effective, it must encompass more than a specific sort of management technique.Additionally, it must be a part of a company-wide transformation where everyone is engaged in a positive corporate culture and where empowerment is almost a way of life.Thus, by providing information to staff at all levels thus giving them the power to make decisions, organizations promote "empowerment."
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The program chair in the business administration division is retiring at the end of the year, but jana has no desire to apply for the position because she knows it would mean longer hours and more administrative work for not much more money. Which aspect of expectancy theory does this best describe?.
The part of expectation theory that most accurately describes Jana's situation is "Valence," as she knows the post would require more administrative labor for not much more pay.
What is meant by Valence in expectation theory?According to the conditional variance of interest rates' expectations theory, market forecasts for future yields are the main factor that links the yields across financial assets with different maturities.
At various points in time, both theological and policy disputes have included the expectations theory prominently.
Value creates an emotional orientations people have toward results (rewards).
the intensity of a worker's desire for extrinsic (such as monetary, professional, leave, or benefit) or internal (such as satisfaction-based) rewards).
Management needs to learn what the workforce values.
Thus, Jana's circumstance most closely fits the "Valence" portion of expectation theory because she is aware that the position would necessitate extra administrative work for little to no additional income.
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in the cabela's case study, the sas/teradata solution enabled the direct marketer to better identify likely customers and market to them based mostly on external data sources. true false
False, in the Cabela's case study, the SAS/Teradata solution enabled the direct marketer to better identify likely customers and market to them based mostly on external data sources.
What is Teradata?Teradata is an RDBMS developed by Teradata Corp. It is manufactured and used to manage large-scale data warehouse operations. Teradata Corporation is a provider of software, products and services related to databases and analytics. Accepts many requests from multiple client applications.With extremely robust capabilities for collecting, analyzing, and managing data, Teradata ticks all the boxes when it comes to integration (or ETL). Teradata supports SQL to interact with data stored in tables.It provides that extension. Robust utility: Teradata provides robust utilities for importing/exporting data to/from Teradata systems such as FastExport, FastLoad, MultiLoad and TPT.Oracle is primarily used as an online backend application managing inserts, updates, and deletes within transactions, while Teradata manages big data for analytics and data warehousing without real-time transactions.To learn more about Teradata from the given link :
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though generally managers are thought to plan, organize, lead, and control across four types of organizational resources, managers may specialize in one specific resource area. for instance, primarily manage employees and decisions related to employee efficiency and effectiveness
Though generally managers are thought to plan, organize, lead, and control across four types of organizational resources, managers may specialize in one specific resource area. For instance, human resource managers primarily manage employees and decisions related to employee efficiency and effectiveness.
Human useful resource management (HRM or HR) is the strategic and coherent technique for the powerful and green management of people in a business enterprise or corporation such that they help their commercial enterprise benefit a competitive benefit. it is designed to maximize workers' overall performance in the carrier of a corporation's strategic goals. Human resource management is usually involved with the management of humans within groups, specializing in guidelines and structures.
HR departments are responsible for overseeing employee-advantages layout, employee recruitment, training and improvement, overall performance appraisal, and praise control, together with dealing with pay and worker-benefits systems. HR additionally concerns itself with organizational change and industrial members of the family, or the balancing of organizational practices with necessities arising from collective bargaining and governmental laws.
the general purpose of human sources (HR) is to make certain that the agency is able to gain success thru human beings. HR specialists manipulate the human capital of an organization and recognition by imposing rules and methods. they are able to focus on locating, recruiting, deciding on, educating, and developing personnel, as well as keeping worker family members or benefits. training and development professionals make certain that personnel are skilled and feature continuous improvement.
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Alex wants to measure the nominal 1998 gdp of $993 billion in 2008 dollars. From the data he gathered, he knows the deflator for 1998 is 30 and for 2008, it is 74. What is the value of 1998 gdp in 2008 dollars?.
The nominal GDP during 1998 is worth $2,449 billion in 2008 dollars, up from $993 billion.
What GDP means?Gross domestic product, also known as GDP, is one of the most popular. It is frequently quoted in reports by government, central banks, as well as the business community as well as in newspapers, on television news, and in publications. It is now frequently used as a benchmark for measuring the strength of both national or global economies. Gross domestic product (GDP) is a monetary indicator of the total market total value of all final commodities and services that nations generate and sell over a given time period. This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is.
How GDP is calculated?GDP is calculated as private consumption + gross domestic product + government investment + government expenditures + (exports – imports). The national statistical office of the nation typically determines GDP using the international standard.
Briefing:Here, we must convert the nominal GDP of $993 billion in 1998 to dollars in the year 2008:
[1998 Nominal GDP value * (GDP deflator in 2008 / GDP deflator in 1998)] will be the formula.
2008 Nominal GDP value = $993 billion*(74/30)
2008 Nominal GDP value = $993 billion * 2.4667
2008 Nominal GDP value = $2,449.43 billion
2008 Nominal GDP value = $2,449 billion.
Therefore, from $993 billion, the nominal 1998 GDP is worth $2,449 billion in 2008 dollars.
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bond j has a coupon of 7.4 percent. bond k has a coupon of 11.4 percent. both bonds have 12 years to maturity and have a ytm of 7.8 percent. a. if interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds?
If interest rates unexpectedly increase by 2%, Bonds A and B will see price changes of (-0.14%) and 0%, respectively.
The present value of all upcoming cash inflows, such as coupon payments and the par value, is used to determine a bond's projected value. The yield to maturity of the bond and its value are inversely correlated. The value of the bond will decrease if the yield on the bond rises, and vice versa.
Bond A:
Par = $1,000
Coupon rate = 7.4%
PMT = $1,000 x 7.4% = $74
Price = $1,000
N = 12
Bond B:
Par = $1,000
Coupon rate = 11.4%
PMT = $1,000 x 11.4% = $114
Price = $1,000
N = 12
The price of the two bonds in this instance is equal to their par value, which means that the 7.4% and 11.1% coupon rates and the bond's yield to maturity are the same.
Bonds A and B's prices will vary by a certain proportion when interest rates go up by 2%:
Bond A:
YTM = 7.4% + 2% = 9.4%
[tex]New Price = PMT * \frac{1 - (1 +N)^{-N} }{I} \frac{Par}{(1 + I)^{N} }[/tex]
[tex]New Price = 74 * \frac{1 - (1 +0.094)^{-12} }{0.094} \frac{1000}{(1 + 0.094)^{12} }[/tex]
Therefore, New Price for Bond A = $860
Now percentage change in price = (New Price / Initial Price) - 1
Percentage Change = (860 / 1000) - 1
Therefore the percentage change = -0.14%
Bond B:
YTM = 11.4% + 2% = 13.4%
[tex]New Price = PMT * \frac{1 - (1 +N)^{-N} }{I} \frac{Par}{(1 + I)^{N} }[/tex]
[tex]New Price = 114 * \frac{1 - (1 +0.114)^{-12} }{0.114} \frac{1000}{(1 + 0.114)^{12} }[/tex]
Therefore, New Price for Bond B = $1000
Now percentage change in price = (New Price / Initial Price) - 1
Percentage Change = (1000 / 1000) - 1
Therefore the percentage change = 0%
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factor endowments-the cost and quality of factors of production-are a prime determinant of the competitive advantage that certain countries have in certain industries. true false
The given statement of competitive advantage is true.
What is competive advantage?
A competitive advantage in business is a quality that enables a company to outperform its rivals. Access to natural resources, such as high-grade ores or a cheap power source, highly skilled labour, a strategic position, high entry barriers, and access to innovative technologies and confidential knowledge can all be considered competitive advantages. The edge a company has over its rivals is known as a competitive advantage. By providing them with better and higher value, this can be accomplished. Consumer curiosity is piqued by advertising goods or services with cheaper costs or higher quality.
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land was acquired in 2021 for a future building site at a cost of $41,100. the assessed valuation for tax purposes is $27,900, a qualified appraiser placed its value at $48,900, and a recent firm offer for the land was for a cash payment of $45,400. the land should be reported in the financial statements at:
historical cost - Land was acquired in 2021 for a future building site at a cost of $41,100.
What is historical cost concept?
Acquisition cost or historical cost is the original cost of an asset as recorded in an entity's financial records. This concept is explained by the cost principle which states that an asset, liability or interest should be recognized only at its original cost.
the assessed valuation for tax purposes is $27,900, a qualified appraiser placed its value at $48,900, and a recent firm offer for the land was for a cash payment of $45,400. the land should be reported in the financial statements at $41,900.
In accordance with the "historical cost concept" of accounting, property, plant and equipment are shown in financial statements at the cost at which they were acquired.
As a result, the asset should be reported on the financial statements at $41,900. This is the cost of the property when acquired in 2021.
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net sales on an income statement equals sales revenue ______.
Net sales on an income statement equal sales revenue reported by a company on its income statement.
Net sales are the company's total gross sales minus profits, discounts, and rebates.
Calculating net sales is not always transparent to the outside world. They can often be included in the income statement above that is declared on the income statement. Gross sales value refers to the total revenue your business generates before discounts, returns, and subsidies. Using total sales, you can subtract all other deductions, such as discounts, returns, and allowances. For example, if you have total sales of $100,000 minus $2,000 in sales rebates, $1,000 in sales rebates, and $1,000 in sales returns, your net revenue is $96,000.Learn more about Net sales here: https://brainly.com/question/14273499
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companies implement total quality management systems to help manage quality costs to achieve the highest level of
Companies implement total quality management systems to help manage quality costs to achieve the highest level of customer satisfaction.
Customer satisfaction is defined as a measure of customer satisfaction with a company's products, services and features. Customer satisfaction information, such as surveys and ratings, helps companies determine how best to improve or change their products and services.
The key to great customer service is building good customer relationships. Customers can make a great impression by thanking them and promoting a positive, helpful and friendly environment. Satisfied customers come back often and are likely to pay more.
The importance of customer satisfaction cannot be overemphasized. There is a direct correlation between customer satisfaction and company sales. Customer Satisfaction (CSAT) influences repeat purchases, customer loyalty and word of mouth, helping you make informed business decisions.
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The ________ role involves managers making decisions about who gets what, how much, when, and why.
Managers that play the resource allocator position decide who gets what, how much, when, and why.
Describe the resource allocator.The practice of assigning and managing resources in a way that meets an organization's strategic planning objectives is known as resource allocation. Allocating resources involves managing hard assets like hardware to maximize the usage of soft assets like human capital.
In order to maximize the use of scarce resources and obtain the maximum return on investment, resource allocation entails balancing competing requirements and priorities.
Prior to allocating resources, firms must decide on their desired outcome, such as higher income, increased productivity, or improved brand awareness. The next step is to determine what resources will be required to achieve that aim.
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why would a company be willing to entice employees who left the company into returning to work for the company?
Here are five big reasons why we'd suggest our clients consider doing the same:
1)Former employees already know the organization:
They’re conversant in the operating procedures, the principles and traditions of your client’s culture, and therefore the people with whom they worked previously.
2)They have new knowledge:
Often, once you rehire employees, they return with additional knowledge, skills, and skills .
3)It shows you value your people:
Communicating that former employees are welcome back highlights the very fact that people like working for your organization
4)It creates trust.
5)It keeps you competitive.
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joshua's truck was stolen in florida, while he was on his way to meet his friend in alabama. joshua's case could not be tried in alabama. a court in alabama normally does not have the jurisdiction to hear a case involving a crime committed in florida. which of the following indicates the reason for this situation?
Joshua's case could not be tried in Alabama. a court in Alabama because it was not in the courts jurisdiction.
What is jurisdiction?legal jurisdiction is a court's right to hear cases and make decisions. This power has a constitutional foundation. Examples of judicial jurisdiction include concurrent jurisdiction, which allows a lawsuit to be filed in either of two or more courts, federal jurisdiction, where a superior court has the authority to overturn legal errors committed by a subordinate court, and appellate jurisdiction (as opposed, for example, to state jurisdiction). A court could also be permitted to conduct business inside a specific region. In the United States, only minor offenses are subject to summary jurisdiction, in which a magistrate or judge has the authority to conduct proceedings that result in a conviction without a jury trial.Hence, Joshua's case could not be tried in Alabama. a court in Alabama because it was not in the courts jurisdiction.
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The tendency to save marginal income (or the percentage of the extra income that is saved) is called the ___________ .
a) APC
b) APS
c) MPC
d) MPS
The tendency to save marginal income (or the percentage of the extra income that is saved) is called the MPS.
Marginal propensity to save (MPS) is the percentage of an increase in profits that get saved instead of spent on consumption. MPS varies by using earnings level and is usually higher at better earnings.
APS= savings/ earnings = S/Y. Marginal Propensity to store refers to the percentage exchange in financial savings for each rupee of exchange within the earnings.
It is the ratio between the trade-in profits and the correspondent trade-in savings. MPS= change in savings/ exchange in earnings= ^S/^Y.
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a customer who is planning for retirement wants to buy an annuity to provide additional retirement income. the customer desires inflation protection as well as the comfort of a guaranteed payment from an annuity. what kind of product is most suitable for this customer?
A combination annuity kind of product is most suitable for the customer.
What is a combination annuity?A fixed annuity contract and a variable annuity contract that are both included in the same annuity product make up a hybrid annuity. Because of the way it is constructed, a percentage of an investor's funds can go into the variable portion, which is a mutual fund sub-account.Combination annuities combine the advantages of fixed and variable annuities into a single plan. The insurance company invests a portion of the premiums in its general account and a portion in separate accounts. The annuitant will receive payments that are split between guaranteed and equity return components (providing an inflation hedge).Therefore, a combination annuity kind of product is most suitable for the customer.
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for which of the following brands would you most recommend using a self-paced medium over all other available choices? group of answer choices brilette and herb essentials herb essentials and hair
For the following brands I would most recommend using a self-paced instruction over all choices is Brilette and herb essentials.
What is a self-paced instruction?Any sort of training that advances according to the responses of the learner is considered self-paced instruction. Curriculum, business training, technical tutorials, or any other subject not requiring an instructor's rapid response can be the content itself. With self-paced learning, the learner moves through the material at their own rate, moving from one topic or section to the next. As more and more learning takes place online rather than in traditional classrooms, this style of training is growing in popularity. Education conducted independently of institutions or authorities is known as autodidacticism. The majority of the time, autodidacts are people who decide for themselves what they will study, how they will study it, and when they will study it.
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what is the tax incidence of an excise tax when demand is highly inelastic? highly elastic? what effect does the elasticity of supply have on the incidence of an excise tax? what is the efficiency loss of a tax, and how does it relate to elasticity of demand and supply?
Sellers can cut the quantity sold without having to accept lower pricing the more elastic the supply curve is. The implementation of an excise tax yields little income in a market when supply and demand are both very elastic.
How much of an excise tax is actually taxable?How much of the excise tax is borne by the producer and consumer is determined by the incidence of the tax. It's crucial to keep in mind that, in many cases, it makes no difference who formally pays the tax because the final result is always the same.A tax levied on the sale of particular goods or services, or on particular uses, is generally known as an excise tax. The sale of products and services including fuel, airline tickets, big trucks and highway tractors, indoor tanning, tires, cigarettes, and other items is typically subject to federal excise tax.Sellers can cut the quantity sold without having to accept lower pricing the more elastic the supply curve is. The implementation of an excise tax yields little income in a market when supply and demand are both very elastic.To learn more about Excise tax refer to:
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a distributor of computer monitors purchases the monitors from an overseas supplier under a continuous review system. the average demand for a popular computer monitor is normally distributed with a mean of 50 units a day and a standard deviation of 10 units a day. it costs $75 to process each order and there is a 16 day lead time. the holding cost for each monitor is $20 per year and the distributor wishes to maintain a 90% service level. the distributor operates 300 days in a year. use the information in scenario 9.10. if lead-time increases by nine days, what is the reorder point needed to maintain a 90% service level?
Foreign trade, commonly referred to as international trade, promotes international competition for a good or service so that many nations can send and receive goods that are not produced locally at a reasonable price.
What is characteristics of foreign trade ?Diverse goods and services exchanged.Laws and measures that are necessary.The exchange rate is a reflection of currency flow.Encourage a nation's productivity.Increase product offerings in foreign markets.To guarantee that a transaction is conducted securely and legally, there are laws governing the regulation of items, processes, and taxation in international trade.Customs is the organization in charge of policing the entry and exit of various products and ensuring that specific legal requirements are being followed.All nations that engage in international trade, whether to exchange goods or services, must make arrangements or agreements to streamline the exchange processes; this is determined by each state, its governments, its businesses, and its relevant laws.To Learn more About Foreign trade refer to :
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last month, dexter company had a $40,260 loss on sales of $170,000. fixed costs are $96,360 a month. by how much do sales have to increase for dexter to break even?
Sales have to increase by $50,000 for dexter to break even.
The contribution margin ratio is ($60,000 - $15,000)/$150,000 = 30%.
Break-even sales are $60,000/0.30 = $200,000.
Sales must increase by $200,000 - $150,000 = $50,000.
A business's contribution margin – additionally called the gross margin – is the money left over from sales after paying all variable expenses related to generating a product. Subtracting constant charges, along with rent, system rentals, and salaries from your contribution margin yield your net profits or profit.
Gross margin is the amount of income left after subtracting the fee of goods sold from revenue, at the same time as contribution margin is the amount of profit left after subtracting variable costs from revenue.
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The major cost of monopoly is that:
a. it has market power.
b. market output is too high.
c. the price is too high.
d. it is inefficient.
Monopoly power is another name for market power. Since a competitive business is a "price taker," it cannot alter a product's price.
Because each competitor is so small in comparison to the market, they have no effect on price. The term "price makers" also refers to businesses with market power.
How much do monopolies cost?
The loss of static efficiency is the price of monopoly. A monopoly results in a Deadweight Loss, or the value of trades that are not taken, in comparison to a market that is competitive. The decrease in consumer surplus is greater than the increase in producer surplus, as can be seen below.
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diminishing marginal returns begin with the addition of the ________ worker.
Diminishing marginal product begins with the addition of the third worker.
Where do diminishing marginal returns get their start?
When one unit of production is increased while other factors remain the same, diminishing marginal returns occur, resulting in lower output levels. To put it another way, production begins to become less effective. A worker might, for instance, produce 100 units per hour for forty hours.
Which additional worker marks the beginning of diminishing returns?
When a company reaches its maximum capacity, according to production theory, the diminishing marginal returns kick in, and the addition of a labor unit lowers the company's total productivity. When 12 units of workers are employed, the marginal returns kick in in this instance.
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