Answer:
pretax income is $152080
Explanation:
given data
fixed costs = $74300
variable costs = 34%
sales = $343000
to find out
pretax income
solution
we know that pretax income formula is
pretax income = sales - variable costs - fixed costs
put all these value
pretax income = 343000 - 34% of 343000 - 74300
pretax income = 343000 - 116620 - 74300
pretax income = 152080
so pretax income is $152080
Answer:
$86.67 is the profit maximizing price for the monopolist
Explanation:
In order to find the profit maximizing price for the monopolist using its price elasticity and marginal cost we have to use the formula
Price= Marginal cost* (elasticity/elasticity+1)
Marginal cost = $65.0065
Elasticity = -4
Price = 65.0065 *(-4/-4+1) = 65.0065*(-4/-3)= 86.67
Answer and Explanation:
The Journal entries are shown below:-
1. Insurance expenses Dr, $2,200
To Prepaid insurance $2,200
(Being insurance coverage expired is recorded)
2. Supplies expenses Dr, $11,300 ($7,000 + $3,000 + $1,300)
To Supplies $11,300
(Being supplies expenses is recorded)
These two entries should be considered
Had to look for the options and here is my answer. The term that best fits the blank is "GLORY TALES". This is taken from "Standing Stone" that was written by Phil J. Harrison and this was discussed in the lectures. Hope this answers your question.
Complete Question:
Darcy is a new manager in a large consulting firm. As one of her first tasks, she needs to set goals for her team. Her team is global and the members operate on their own, serving a variety of client needs in different industries and market sectors. What method will Darcy likely choose to set goals?
A. Top-down.
B. Bottom-up.
C. Road mapping.
D. Focus groups.
Answer:
Bottom-Up method will Darcy likely choose to set goals
Explanation:
With the bottom up strategy, the team members build their own goals. When this is completed, it is up to you to merge all these tasks into a single group of targets.
When completed, you will have to merge these different goals into a single team set of targets. This can be a problem for any boss, as you may well understand.
Many forms of team members are well adapted for the bottom-up approach of setting goals. In particular team members who decide their own tasks, who understand the company's priorities and strategies and understand the role of the organisation in achieving these objectives.
