The relationship between cost, revenue and profit can be presented using the formula:
Profit = Revenue - Cost
However, in the table given, the number of bikes produces varies. We cannot properly compare the profits per day. To be consistent, let us determine the profit per unit of bike produced. Simply divide the profit with the number of bikes produced (1st column). After you see the results, we can see that the highest profit is $17.5 per unit of bike produced. Therefore, the maximum profit can be attained when 4 bikes are produced each day.
Answer:
Comparative advantage
Explanation:
The reason is that Japan has less oportunity cost to manufacture cameras than US, so the Japanese companies has an advantage over US companies to compete not on efficiencies but on the cost of the product. Japanese camera won the US market very easily because the japanese camera costs very less to produce in Japan rather than in US. So the comparative advantage theory explains this trade of cameras in international trade with a better explanation.
For one to have a career in records
management. They should follow the follow the following steps:
<span>1. Study for an undergraduate degree in either
computer science, library studies, management
or business administration.</span>
<span>2. Enroll into an entry level records management
position</span>
<span>3. Gain enough experience </span>
<span>4.
Enroll for more courses to get skills and certifications and climb up
the ranks</span>
Answer:
Jane will arrive at an estimate of the value of her seller’s property by calculating the average for the 3 comparable adjusted values that she has obtained.
This means that the value of the property should be around $292,167.
Explanation:
a) Data and Calculations:
Adjusted values of:
Comparable 1 = $289,500
Comparable 2 295,700
Comparable 3 291,300
Total values = $876,500
Average value = $292,167 ($876,500)
b)A comparative market analysis (CMA) is a series of steps followed to estimate a property's value based on some recently sold and similar properties at same locations as the property being offered for sale or purchase. It is used by the real estate agents and brokers to create their CMA reports, which help the real estate sellers to set the best listing prices for their properties. It is also used by buyers to help them make competitive offers for homes on sale.
Answer:
The number of units the company would have to manufacture during the year would be 780,000 units
Explanation:
To find out how much purchase is made, first we have to calculate the production level. The equation for production level is shown below:
Production level = Closing stock of finished goods + Sales - Opening stock of finished goods
= 76,000 + 730,000 - 26,000
= 780,000 units
Rest cost like opening and ending balance of raw material , required gram is irrelevant for computation part. Thus, it is not considered.
Hence, The number of units the company would have to manufacture during the year would be 780,000 units
