Answer:
B. shopping bot
Explanation:
Shopping bot
It is a software , that automatically enables to compare the price of a specific item or product for various sites , available online .
One of the useful and logical site to shop and getting beneficial deals and save some extra money .
Therefore , Amelia uses , this site software to shop for his husband's watch .
Your colleagues at work are constantly talking about the vice-president in your region. He is perceived throughout the organization as a ruthless man who is not to be antagonized. It is necessary for you to bring him a report, and you are very nervous about having to deal with him. The vice president's major base of power seems to be ________.
A) rewardB) coerciveC) referentD) expertE) personal
Answer:
The correct answer is B) coercive.
Explanation:
A coercive boss is a rigid and inflexible leader. When this style is used, the leader chooses to give many direct orders without offering his subordinates the opportunity to express their ideas and opinions.
This leader not only does not opt for the reward system but also focuses on criticizing and punishing the failures generated by disobedience. Therefore, the motivation of the team suffers greatly from the inability of employees to perceive that thanks to their work, business objectives are being achieved.
It is usually the least effective management style but ... it may be recommended in crisis situations when it is necessary to show authority and employees need clear and direct orders.
The vice-president's main power base appears to be coercive, as his perceived ruthlessness and the fear to antagonize him suggest a potential for negative consequences for those who oppose him.
Explanation:From the description in the question, it seems that the vice-president's main base of power would be option B) Coercive. Coercive power is derived from the fear of punishment or the ability to control others through the threat of punishment. If the vice-president is perceived as ruthless and not to be antagonized, it indicates that his influence comes from his ability to potentially impose negative consequences on those who oppose or disappoint him.
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Users prefer management's financial statements over audited financial statements because few users have direct knowledge of the company's operations and management is the most knowledgeable about operations.
a) True
b) False
Answer:
B) false
Explanation:
An audited financial statement removes and detects errors, mistakes, and possible fraud on a business financial statement which makes it more accurate and therefore for useful to users
Individual states in the international system are frequently able to unilaterally change the structure of the system because the cost of doing so is low. True/False
Answer:
False
Explanation:
No individual state can itself have any policy, or program which can change any kind of structure, just because the state individually will involve less cost.
This is not feasible practically as there are no individual regulations for a state economy formed. Every economy has its own practice and forms a regulation for its economy, but there are certain system formed internationally, which aims for international synchronization among different states.
That cannot be replaced or retreated just because individual states will cost less for the modification.
Therefore, the statement is false.
Intangible assets ______.
A. convey special rights from patents, copyrights, trademarks, and other creative works
B. represent assets for which the market value cannot be determined
C. are not recorded in the books because they have no physical substance
D. All of the statements are correct.
Final answer:
Intangible assets do convey special rights and are recorded in the company's financial statements, despite having no physical form. They include intellectual property like patents and copyrights which protect exclusive rights for a limited time.
Explanation:
Intangible assets convey special rights from patents, copyrights, trademarks, and other creative works. They represent assets for which the market value can be difficult to determine, and contrary to one of the options, they are often recorded in the books even though they have no physical substance. This is because these assets have economic value through the exclusive rights and potential revenue streams they provide. Intellectual property is a key category of intangible assets, and it includes patents which may grant an exclusive legal right to make, use, or sell an invention, typically for a period of up to 20 years. Copyrights offer protection for literary and artistic works for potentially even longer. Knowledge of the exact time periods and provisions is important, as they vary across countries and can have significant effects on a business’s competitive advantage and profitability.
Because there are some positive aspects of bureaucracy, as proposed by Max Weber, Tammy, a restaurant manager, is interested in implementing certain aspects of the bureaucratic approach to management within her restaurant. Like Weber, Tammy feels bureaucracy is a ____.A)Rational, efficient, cost-cutting tool based on principles of behaviorismB)Sales-generating toolC)Rational, efficient method of increasing diversityD)Rational, efficient, ideal organization based on principles of logicE)Rational, cost-cutting, efficient organization based on principles of synergy
Answer:
The answer is: D) Rational, efficient, ideal organization based on the principles of logic.
Explanation:
Weber believed that bureaucracy was the most efficient and logical way to set up an organizational structure. He based his theory of bureaucracy on six principles:
Task specialization; every employee is responsible do to the task he is best at.Hierarchical authority; management is organized in layers where a manager is responsible for his staff and their performance.Formal selection of employees based on technical skills and competences.Rules and requirements that insure uniformity, so everyone knows what to do.Impersonal relationships; regulations and clear requirements create impersonal relationships between employees.Career orientation; employees build a career within the organization.Max Weber considered bureaucracy a rational, efficient, ideal organization based on logic, which is option D.
Max Weber, the influential early-twentieth-century sociologist, viewed bureaucracy as a rational, efficient, ideal organization rooted in principles of logic.
Key features include a clear hierarchy, division of labor, written rules, and impersonal policies. These characteristics create an efficient and effective management system.
He believed that the increasing complexity of modern society necessitated a structured, hierarchical system governed by formal rules and impersonal relationships.
Key characteristics of Weber's bureaucratic model include a clear division of labor, a hierarchy of authority, adherence to written rules, and impersonal decision-making processes, all aimed at maximizing efficiency and effectiveness in organizational management.
Therefore, the correct answer is option D that is "Rational, efficient, ideal organization based on principles of logic"
Elena has been absent without excuse twice during the past month. Her manager calls her into his office and issues a written warning, advising her that another unexcused absence will result in immediate termination. This is an example of ________.
Answer:
Basic corrective action
Explanation:
Basic corrective action is undertaken by management to its staff or employees in order to eliminate further recurrence of non-conformity with organization procedures, rules and policies. The written warning to Elena is an example of basic corrective action in order for her to stop absenteeism from work.
A monopoly has produced a product with a patent for the last few years. The patent is going to expire. What will likely happen to the demand for the patent-holder's product when the patent runs out?
Answer:
Demand for the patent-holder's product will decrease when the patent runs out.
Explanation:
While there is a patent over a product, only the patent-holder's can sell that product. If there is a monopoly it means that that company is the only one that produce and sell this product.
When the patent run out new competitors will enter the business, so the demand on patents holders will decrease.
Which of the following strategies in the marketing mix aims at bringing about mutually satisfying exchanges with target markets by informing, educating, persuading, and reminding them of the benefits of an organization or a product?
Answer:
The correct answer would be, Promotional Strategies.
Explanation:
Promotional strategies aim at bringing about mutually satisfying exchanges with target markets by informing, educating, persuading and reminding them of the benefits of an organization or a product.
Promotional strategies help inform, persuade and influence consumer's decisions. There are many types of promotional strategies. Some of the important ones are Advertisement, Personal Selling, Sales Promotions, Direct Marketing, Publicity, etc.
The decisions concerning an organization's goals and future plans are called a. tactical decisions. b. strategic decisions. c. operational decisions. d. financial decisions.
Answer:
Strategic decisions.
Explanation:
The decision aimed to organisation's goals and future plans involves an strategic behaviour, because implicates a global company framework, in this way they're gonna be able to project to the future.
Mainline Ltd. is a landline telephone manufacturer whose average return on invested capital is approximately 2 percent. Because demand for landline telephones has declined significantly, the industry average return on invested capital has been negative (-5 percent) for the last few years. In this scenario, Mainline Ltd. has a
competitive advantage.
power position.
competitive disadvantage.
balanced scorecard.
Answer:
competitive disadvantage
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question in this scenario Mainline Ltd. has a competitive disadvantage. This term refers to an unfavorable circumstance or condition that causes a firm to underperform in an industry. Which in this case low demand for landlines causes this.
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In a department meeting, Jamira engages in a thoughtful dissent aimed at constructively challenging her manager, Shivana, to rethink the decision to close two major client accounts. Jamira is engaging in which of the following?
a) Constructive resistance
b) Dysfunctional resistance
c) Control
d) Forceful resistance
e) Conformity
Answer:
The correct answer is a) Constructive resistance.
Explanation:
Constructive Resistance is the ability of structural elements to withstand the efforts to which they are subjected without breaking. It depends on many factors among which the material used, its geometry and the type of union between the elements stand out.
The Loyola Widget company sells 5,000 units in a given year. Total industry sales of widgets for that year are 100,000 units. The ratio of the company's sales to total industry sales is referred to as:
Answer:
Market share
Explanation:
For computing the ratio between company sales and the total industry sale we use the market share.
The market share is that share through which the company can hold it by some percentage. We have the calculation also for better understanding
By using the formula, the computation is shown below:
= Company sales units ÷ total industry sales
= 5,000 units ÷ 100,000 units
= 0.05 or 5%
So by 5%, the Loyola widget company controls the total industry sales.
The U.S. financial system is composed of (1) policy makers, (2) a monetary system, (3) financial institutions, and (4) financial markets. Which of the following components is associated with the role of the financial markets?
a) Accumulate and lend/invest savings
b) Create and transfer money
c) Pass laws and set fiscal and monetary policies
d) Market and facilitate transfer of financial assets
Answer:
The correct answer is d) Market and facilitate transfer of financial assets
Explanation:
The financial market refers primarily to a market in which buyers and sellers are actively involved in trading, acting in the purchase and sale of assets. It is a platform that makes it easier for the parties to buy and sell financial instruments and securities. These instruments and securities can be stocks, bonds, commercial papers, bills of exchange, bonds, cheques and other types of items. Using transparent pricing, strict regulations, costs and fees, and clear guidelines.
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If a government fixes the exchange rate at a value that creates a surplus of the domestic currency, there will be a tendency for the exchange rate (U.S. dollars per unit of the domestic currency) to ________. To maintain the fixed exchange rate, the government must ________.
Answer: Fall; rise foreign demand for domestic currency.
Explanation:
The exchange rate must be fall to create a domestic currency surplus in an economy. For example:
Suppose, the ongoing exchange rate of India is $1 = Rs.70
So, if a person wants to buy a good worth of $2, then he have to pay Rs.140 for this good. When the exchange rate falls to $1 = Rs.60, now he have to pay only Rs.120 for this good. Hence, domestic currency surplus of Rs.20 created in an economy.
To maintain this level of fixed exchange rate, which created a domestic currency surplus, so government must increase the foreign demand for their domestic currency, to wipe out all the created domestic currency surplus in this economy.
Management of Childers Corporation is considering whether to purchase a new model 380 machine costing $278,000 or a new model 230 machine costing $207,000 to replace a machine that was purchased 3 years ago for $266,000. The old machine was used to make product R16K until it broke down last week. Unfortunately, the old machine cannot be repaired.
Management has decided to buy the new model 230 machine. It has less capacity than the new model 380 machine, but its capacity is sufficient to continue making product R16K.
Management also considered, but rejected, the alternative of simply dropping product R16K. If that were done, instead of investing $207,000 in the new machine, the money could be invested in a project that would return a total of $305,000.
In making the decision to buy the model 230 machine rather than the model 380 machine, the differential cost was:
Answer:
The differential cost is the purchase price.
Explanation:
Giving the following information:
Model 380
Purchase price= 278,000
Model 230
Purchase price= 207,00
Management has decided to buy the new model 230 machine. It has less capacity than the new model 380 machine, but its capacity is sufficient to continue making product R16K.
In this case, we only have information regarding the purchase price. The differential cost is the purchase price. Other differential costs (if given more information) would be fixed costs, variable costs, production per hour, maintenance, etc.
You are a senior manager at a large consumer goods company. The company president has noticed that recent college graduates and junior-level employees tend to gravitate toward you. They come to you for advice and ask for your opinion on important matters, even though you are not their direct supervisor. The president realizes that you are acting as a(n) ________ to junior employees.
Answer:
mentor
Explanation:
According to my research on business roles and responsibilities, I can say that based on the information provided within the question the president realizes that you are acting as a mentor to junior employees. This is defined as a person has an expertise in a certain area, and gives advice or trains another individual (usually younger than you). This is what you seem to be doing with the younger employees that gravitate towards you for advice.
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Watson and Raymond Inc., a courier company based in the United States,suffered a loss recently when a cyclone struck its headquarters and damaged a lot of data stored on the company’s servers. In this scenario, Watson and Raymond’s business was affected by its _____. a. external environment b. physical work environment c. internal environment d. human resource environment
Answer:
option (a) External environment
Explanation:
The correct answer for the given blank is option (a) " external environment ".
The reason for the external environment is that, it is mentioned in the question that the loss occurred due to the cyclone and the cyclone is the cause of the external environment i.e not involving any effort from the human or the persons working in the organisation.
A certificate of deposit often charges a penalty for withdrawing funds before the maturity date. If the penalty involves two months of interest, what would be the amount for early withdrawal on a $20,000, 6 percent CD? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
The penalty will be worth $200.
Explanation:
The certificate of deposit is worth $20,000.
The interest rate on it is 6%.
The penalty on early withdrawal is 2 months of interest.
The annual interest
[tex]= Annual\ interest\ rate\ \times\ Investment[/tex]
[tex]= 0.06\ \times\ $20,000[/tex]
[tex]= \$ 1,200[/tex]
The penalty will be
[tex]= 2\ months\ of\ interest[/tex]
[tex]= \frac{2}{12}\ \times Annual\ interest[/tex]
[tex]=\frac{2}{12}\ \times\ \$ 1,200[/tex]
[tex]= \$ 200[/tex]
If a car dealer in the United States imports a $50,000 BMW from Germany, the 2.5 percent tariff or $1,250 that the dealer must pay the U.S. government will be passed on to the customer. This is an example of a(n) _____ tariff.
Answer:
Ad valorem tariff
Explanation:
Ad valorem tax is defined as, any tax based on the money related estimation of the burdened thing. Truly the term signifies "as per esteem." Traditionally, most traditions and extracts had "explicit" rates; the assessment base was characterized regarding physical units, for example, gallons, pounds, or individual things.
For example taxes on goads and service,VAT on the final product and service.
Wine and cheese are complement goods because they are consumed together. What would you expect to happen to the equilibrium quantity of cheese if the price of wine increased and all else is held constant?
A. It would increase because of a supply shift
B. It would increase because of a demand shift
C. It would be ambiguous because of a double shift (in both demand and supply).
D It would decrease because of a supply shift
E. It would decrease because of a demand shift
Answer:
The correct answer is option E.
Explanation:
Wine and cheese are complimentary goods, i.e they are consumed together. Complementary goods have a negative price elasticity. This means that when the price of one commodity increases the demand for its complement decreases.
Here, wine and cheese are complements. When the price of wine increases its demand will decrease. Since cheese is consumed with wine its demand will also decline. The equilibrium quantity will decline because of the leftward shift in the demand curve.
The correct answer is E. It would decrease because of a demand shift.
When wine and cheese are considered complementary goods, an increase in the price of wine typically leads to a decrease in the quantity demanded for both wine and cheese, holding all else constant. As the price of wine rises, consumers may choose to allocate less of their budget to wine, reducing their overall consumption. Consequently, the demand for cheese, which is commonly consumed with wine, also decreases. This shift in consumer behavior results in a decrease in the equilibrium quantity of cheese. Therefore, option E, "It would decrease because of a demand shift," accurately reflects the expected outcome in this scenario.
A real estate office handles an apartment complex with 50 units. When the rent per unit is $580 per month, all 50 units are occupied. However, when the rent is $625 per month, the average number of occupied units drops to 47. Assume that the relationship between the monthly rent p and the demand x is linear.
(a) Write the equation of the line giving the demand x in terms of the rent p.
x =
(b) Use a graphing utility to graph the demand equation and use the trace feature to estimate the number of units occupied when the rent is $655. Verify your answer algebraically.
____________ units
(c) Use the demand equation to predict the number of units occupied when the rent is lowered to $610. Verify your answer graphically.
____________ units
Answer:
a. [tex]x=\frac{1330-y}{15}[/tex]
b. [tex]x=\frac{1330-655}{15}[/tex]
[tex]x=\frac{655}{15} = 45[/tex]
c. [tex]x=\frac{1330-610}{15}[/tex]
[tex]x=\frac{720}{15} = 48[/tex]
Explanation:
a.
using the point-slope form we have that:
y= mx + b
m being the slope which has the next equation:
y is the rent price
x is the units of the apartment complex rented
[tex]m=\frac{y1-y2}{x1-x2}[/tex]
[tex]m=\frac{580-625}{50-47}=\frac{-45}{3} = -15 [/tex]
Now we find the Y intercept (b):
580=-15(50)+b
580=-750+b
b=580+750 = 1330
We have the equation:
y=-15x + 1330
Now we have tu put in terms of the rent p (y)
y=-15x + 1330
15x = 1330 - y
[tex]x=\frac{1330-y}{15}[/tex]
b.
The first graph attached corresponds to the equation showed in point a.
The second graph attached corresponds to the equation if the rent is $655
Using the trace feature it is estimated that for a rent price of $655 the units occupied are 45.
[tex]x=\frac{1330-655}{15}[/tex]
[tex]x=\frac{655}{15} = 45[/tex]
c. The third graph attached corresponds to the equation if the rent is $610
Using the trace feature it is estimated that for a rent price of $610 the units occupied are 48.
[tex]x=\frac{1330-610}{15}[/tex]
[tex]x=\frac{720}{15} = 48[/tex]
Final answer:
The relationship between rent per unit and the number of units occupied is linear, represented by the equation x = -1/15p + 430. Estimating units occupied at a rent of $655 yields approximately 43 units, and predicting occupancy for a rent of $610 results in about 46 units, both of which can be verified algebraically and graphically.
Explanation:
To solve this problem, we first need to find the equation of the line that describes the relationship between the rent per unit (p) and the number of units occupied (x). We have two points given: when p = $580, x = 50, and when p = $625, x = 47. The slope (m) of this line can be found using the formula m = (y2 - y1) / (x2 - x1). Substituting the given values, we find that m = (47 - 50) / (625 - 580) = -3 / 45 = -1 / 15. We can then use the point-slope form of the equation of a line, y - y1 = m(x - x1), to find the equation. Substituting one of the given points and our slope, we get x - 50 = -1/15(p - 580). Solving for x gives us the demand equation: x = -1/15p + 430.
To estimate the number of units occupied when the rent is $655, we substitute p = 655 into our demand equation to get x = -1/15(655) + 430, which simplifies to x ≈ 43 units when rounded to the nearest whole number. This result can also be verified using a graphing utility by plotting the demand equation and using the trace feature.
To predict the number of units occupied when the rent is lowered to $610, we substitute p = 610 into our demand equation to get x = -1/15(610) + 430, which simplifies to x ≈ 46 units. This prediction can be verified graphically by plotting the demand equation and observing the value at p = 610.
Jackson, a homeowner, files a lawsuit against Johnson, his construction contractor. Prior to trial, they meet with their attorneys to try to resolve their dispute before going to trial. This proceeding is known as:a. early neutral case evaluation.
b. arbitrability.
c. negotiation.
d. a summary jury trial.
Answer:
c. negotiation.
Explanation:
Negotiation -
The words exchanges between two or more than two people or any party to conclude over an issue due to conflict .
The motto of negotiation is to resolve the problem and the differences between the two parties .
Negotiation is performed by putting forward the position and concessions to achieve the agreement .
Same is the case with Jackson , negotiation is done to resolve the conflict .
The selling concept is typically practiced with ________.A) industrial productsB) unsought goodsC) specialty productsD) convenience products
Answer:
B) unsought goods
Explanation:
The selling concept -
The concept of selling tells that the consumers will not buy enough any product of any firm unless and until it undergoes some large - scale selling and promotional efforts .
This concept is used for unsought goods , the goods those which the buyers do not normally think of buying , example insurance .
Assume the weekly payroll of the Abbott Company is $5,000. December 31, the end of the year, falls on a Wednesday and Abbott will pay its employee on Friday for the full week. What adjusting entry will Abbott make on Wednesday, December 31 (Use five days as a full work week)?
Answer:
Salary Expense A/c Dr. $3,000
To Salary Payable A/c $3,000
Since salary will be paid on Friday therefore, liability is recorded as salary payable.
Explanation:
As for the provided details,
The working week consists of 5 working days.
Thus, salary expense will be allocated to these 5 working days only. As the salary expense for a week = $5,000
That means salary expense for a day = $5,000/5 = $1,000 for each day.
Now, the financial year ends on December 31 which is Wednesday.
That means three days, of the working week, fall in the financial year.
Therefore, salary expense for the year will be = $1,000 [tex]\times[/tex] 3 = $3,000
Thus, entry for this will be:
Salary Expense A/c Dr. $3,000
To Salary Payable A/c $3,000
Since salary will be paid on Friday therefore, liability is recorded as salary payable.
Abbott Company should make an adjusting entry for $3,000 on December 31, accounting for three out of five working days of the weekly payroll cost.
Explanation:The subject of this question is related to the adjusting entries in accounting which is a part of Business studies. When Abbott Company arrives at the end of the year on Wednesday, December 31, it has already accrued three days of payroll, since a week is considered five working days. Even though the full $5,000 won't be paid until Friday, the company has an obligation for the portion of the week that's already passed.
Therefore, on December 31, the adjusting entry would account for three days of payroll. So, the adjusting entry will be for 3/5 of $5,000, which equals $3,000. The company would debit (increase) wages expense for $3,000 and credit (increase) wages payable for $3,000.
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Gary is the marketing manager for an automobile dealership. His boss tells him the firm's primary goal is to increase its local market share from 15 to 30 percent. His firm is using a ________ orientation.A. profitB. salesC. competitiveD. customer satisfactionE. product development
Answer: sales
Explanation: In a sales oriented firm, the management focuses on making customer buy the more of the produced product. In such a strategy, little concern is given to customer needs.
The management did not considers to change their product as per the customer needs and tries to increase the sales with the existing product. Usually such firms makes heavy expenditures on advertising and promotion.
Thus, from the above we can conclude that the firm in which Gary is working is using sales orientation.
Inflows or other enhancements of assets of an entity or settlements of its liabilities from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing operations. ___________
Answer:
REVENUES
Explanation:
Revenue, often referred to as sales, are the inflows or other enhancements of assets of an entity or settlements of its liabilities (Income) received from the entity's ongoing operations. Includes discounts and deductions for returned merchandise. It is the first income on a company's Income Statement from which all charges, costs, and expenses are subtracted to arrive at net income.
Mason is restoring a car and has already spent $3500 on the restoration. He could sell the car now for $2800. However, if Mason does an additional $2000 of work, the car would be worth $5000 to potential buyers. What should Mason do?
Answer:
mason complete the additional work $5000 after that he sell and get profit $200
Explanation:
given data
spent on restoration = $3500
sell car = $2800
additional work = $2000
car price = $5000
to find out
What should Mason do
solution
we say here after spending $3500 selling cost is $2800 so
loss will be 3500 - 2800 = $700
so if additional work is $2000
total present value will be = ( $2800 + $2000 )
total present value = $4800
so now if he sell car at $5000
he get profit = ( $5000 - $4800 )
profit = $200
so mason complete the additional work $5000 after that he sell and get profit $200
Mark is a sales executive with Emergo Systems. Mark can leave early from office for his piano practice sessions as soon as he achieves his daily target. Which of the following is exemplified in this scenario?
A) Win–lose
B) High-directive–low-supportive
C) Zero-sum
D) Win–win
Answer:
The answer is: D) Win - Win Scenario
Explanation:
In a win - win scenario every actor (both Mark and Emergo Systems) will "win" or gain from a situation. It´s the type of situation where both parties gain more by acting a certain way than what would have won by acting differently.
Mark is very motivated to finish his sales daily target so that he can go to his piano practice lessons. So he probably works harder than usual and completes his job early (Emergo Systems wins). By doing so he also gets a prize. Both win, Emergo Systems sells their product and Mark plays the piano.
A student who works at a record store and plays in a rock band thinks for a minute about his own music-purchasing habits, and then makes a quick guess about the number of other students who buy more than 30 CDs a year. He grossly overestimates. He has probably applied the
Answer:
The correct answer is anchoring and adjustment heuristic.
Explanation:
It is a cognitive bias that describes the common human tendency to rely too much on the first piece of information that is offered when making decisions: the "anchor." It is also known as the "focus effect." During decision making, anchoring occurs when people use an initial piece of information to make subsequent judgments. Once the anchor is fixed, the rest of the information is adjusted around the anchor position incurring a bias.
For example, the initial price offered by a used car sets the standard for the rest of the negotiations, so prices lower than the initial price seem more reasonable even if they are still higher than what the car really is worth. Similarly if you ask about the population of Ukraine: "Is it greater than or less than one hundred million people?", The answers will vary, but in general they will be somewhat less than that figure. However, if the question were: "Is the population of Ukraine greater or less than twenty million people?", The answers will vary, but the average number of responses will not change much compared to the initial anchor. That is, it starts from the "anchor value" and an adjustment is made ... which is usually in the right direction but of insufficient magnitude.
A project has earnings before interest and taxes of $14,600, fixed costs of $52,000, a selling price of $29 a unit, and a sales quantity of 16,000 units. All estimates are accurate within a plus/minus range of 3 percent. Depreciation is $12,000. What is the base case variable cost per unit?
Answer:
$24.09
Explanation:
[Sales units quantity × (Selling price per unit - Variable cost per unit)] - Fixed costs - Depreciation = Earning before interest and taxes
Sales units quantity 16,000
Selling price per unit $29
Fixed costs $52,000
Depreciation $12,000
Earning before interest and taxes $14,600
Variable cost per unit ?
[16,000 × ($29 - Variable cost per unit )] - $52,000 - $12,000 = $14,600
$29 - Variable cost per unit = ($14,600 + $52,000 + $12,000)/16000
Variable cost per unit = $29 - $4.91
Variable cost per unit = $24.09