The total length of cable that is needed for the installation of the lighting in the new apartments is calculated by multiplying the number of apartments and the length of cable needed for each apartment. The calculation is shown below.
L = (12 apartments)(60 m/apartment) = 720 meters of cable
As given in the problem, each spool holds 100 meters of cable. The number of spools needed is therefore calculated by dividing the total length by the length of cable per spool as shown below.
S = (720 meters of cable) / (100 meters/spool)
S = 7.20 spools
Hence, the smallest number of new spools that Ted will need for this job is equal to 8 spools.
Answer:
I believe that Walter breached the contract because they failed to clean the sign, but I wouldn't consider it a material breach (this would be a non-material breach).
A material breach of a contract takes place when the breaching party does something (or fails to do something) that goes against the basic reason why the contract was signed. A material breach would be that Walter didn't provide the sign or that the sign never worked (didn't turn on). But in this case, the sign was a little bit dirty with little spider cobwebs appearing at its corners.
Answer:
a. What is the MRP per driver per day?
- the marginal revenue product per driver = 60 packages x $20 = $1,200 per day
b. Now suppose that a union forces the company to place a supervisor in each vehicle at a cost of $300 per supervisor per day. The presence of the supervisor causes the number of packages delivered per vehicle per day to rise to 60 packages per day What is the MRP per supervisor per day? By how much per vehicle per day do firm profits fall after supervisors are introduced?
- if the drivers were already delivering 60 packages per day without the supervisor, then the addition of the supervisor doesn't change anything. So the MRP of the supervisor is $0. That means that the company's profits will decrease by $300 per day due to the supervisors.
c. How many packages per day would each vehicle have to deliver in order to maintain the firm's profit per vehicle after supervisors are introduced?
- $300 / 20 = 15 packages per day
- in order to maintain the profit per vehicle, each team of delivery man + supervisor should be able to deliver 75 packages per day.
d. Suppose that the number of packages delivered per day cannot be increased but that the price per deliver might potentially be raised. What price would the firm have to charge for each delivery in order to maintain the firm's profit per vehicle after supervisors are introduced?
- $300 / 60 = $5
- the price of each package delivered should increase by $5 to $25 per package.
Answer: Option D
Explanation: Owners equity refers to the amount of funds made available by the owners to operate the business activities. It includes initial capital invested and profits generated for the period
In the given case, the expense of $800 did not bring any assets or liabilities to the entity. Such an expense will be recorded in income statement leading to decrease in profits, thus, resulting in decrease in owners equity.
A profit and loss statement<span> will determine how well a business has done over the past year.The profit and loss statement is a financial statement which shows revenue, costs and all expenses that happened during a said period of time. Most companies do this quarterly or yearly. </span>
