Federal tax rate = 10%
State tax rate = 4.3%
Social security = 6.2%
Medicare = 1.45%
Total deductions = 21.95%
Amount withheld = 21.95%*6727 = $1476.58
Answer:
Yes they can continue advert but only if the 1% is equivalent or greater than the 10$ spent on advert.
Explanation:
There is an increase in revenue by 1%, this indicates that a number of people were attracted to the product because of the advert. With this the company might do better with consistent advert in subsequent year. They can change the channel of advert, improve on the quality of advert or change the time and location of the advert. Infarct, the 1% increment in revenue can be up to 20$ since we are not sure of the exact company's revenue. But if the 1% is far lower than the amount spent, the company can seek advice from professionals.
Answer:
monopolistically competitive industry.
Explanation:
this Asian restaurant is likely operating a monopolistically competitive industry. This kind of market structure is a combination of monopoly and competitive market. as it offers products and services which one similar. Also the question says that it has some barriers to entry, which is a characteristic of monopolistically competitive industry. Also goods are similar but not differentiated
The strategic management process involves the establishment of a company's the mission and vision, its grand strategy and the formulation of its strategic plans and control.
- A company that gradually phases out product lines or liquidates its inventory is pursuing a defensive strategy.
- A defensive strategy is also called retrenchment strategy. its is a strategy that involves reducing in the organization's efforts.
- Example: It reduces costs when a company tightens expenses such as It can sell off (liquidate) assets—land, buildings, inventories, and the like.
Defensive strategy helps organizations to gradually reduce cost and phase out product lines or services. .
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