The employees want more freedom to speak and organize collectively, better pay, less hours, and stronger safety rules. However, the majority of businesses vehemently opposed the union, arguing for the freedom to manage their own private property and carry on with business as usual.
Do employers have jobs?Employers are people or businesses who hire people to perform labor. An employer may be a person, company, organization, NGO, or official of the government. According to the terms of their employment contracts, employers compensate their employees.
The employer is who?The definition of an employer is a person or a group operating in the public, private, nonprofit, or commercial spheres that employs and compensates workers. The employer, who holds the position of authority inside an organization, establishes the conditions of employment for workers and delivers the negotiated terms, such as the compensation.
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Bob and Jim enter into a contract where Jim will custom make curtains for Bob’s living room. Bob picks out the fabric and Jim makes the curtains. He delivers them to Bob, and Bob refuses to pay and says he does not like them. On what basis can Jim enforce?
1- Duress
2- Custom made goods exception
3- Good faith
4- Fair dealings act
A genuine offer and acceptance, sufficient consideration, capability, and legality are the fundamental components needed for an agreement to constitute a binding contract with legal standing.
What is good faith and fair dealing exception?An agreement between Bob and Jim states that Jim will create Bob's living room drapes to order. Jim makes the curtains while Bob chooses the material. Bob accepts them from him but refuses to pay, claiming he doesn't like them. Jim's landlord, Bill, employs Bob to mow the yard where Jim resides. contracts according to an objective theory.
In general, the obligation of good faith and fair dealing entails that parties cannot, for instance, violate the letter or spirit of the agreement, show negligence or procrastination, intentionally perform incorrectly, abuse their position of authority when defining the terms of a contract, interfere with or obstruct the performance of the other party, or evade the spirit of the agreement altogether.
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selected information from the separate and consolidated year-end balance sheets and income statements of pare, inc. and its subsidiary, shel co., on december 31, year 4, is as follows: pare shel consolidated balance sheet accounts accounts receivable $ 52,000 $ 38,000 $ 78,000 inventory 60,000 50,000 104,000 income statement accounts revenues 400,000 280,000 616,000 cogs 300,000 220,000 462,000 gross profit $100,000 $60,000 $154,000 sales between pare and shel use the same terms as third-party sales. the amount of unrealized intercompany profit in year 4 is closest to
Unrealized earnings are essentially the earnings that had been blanketed in the fee of stock when such inventory was offered by way of one employer of the team to another, but this stock may want to not be sold in addition through the receiving entity within the given year.
What is unrealized profit in establishing inventory?Answer and Explanation: If there is unrealized income in the commencing inventory balance, we debit retained salary because the income from the prior duration is overstated. This is because, with unrealized profit in the beginning inventory balance, the ending stock of the prior length used to be overstated.
Subtract your unrealized income on the remaining inventory. In the example, the income contained in the $500 discern assumes a 25 percentage income margin. That potential you have $125 in unrealized income in your unsold inventory (500 instances 25 percent equals 125).
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https://brainly.com/question/25671575#SPJ4the engineering department at omni company built a piece of equipment in the company's own shop for use in the company's operations. when looking at the ending balance for the fixed asset account the auditor examined all work orders, purchased materials, labor cost reports, and applied overhead that were capitalized as part of the equipment costs. which of the following is the asb balance assertion most closely related to the auditor's testing? a) existence. b) completeness. c) rights and obligations. d) valuation.
The auditor extensively scrutinized all work orders, materials purchased, labor cost reports, and applied valuation when examining the closing balance for the fixed asset account.
What is an example of valuation?
The market capitalization of a corporation is a typical illustration of valuation. This multiplies the share price of a corporation by the total number of outstanding shares. For instance, if a corporation has 2 million outstanding shares and a share price of $10, its market capitalization would be $20 million. There are numerous methods for valuing things, and they vary depending on what and when is being valued. The fair value of a company's assets and liabilities is a typical calculation used to determine the company's value. This computation is based on assets.
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how does the evidence in this passage support the central idea that the exchange of goods in the sugar trade involved much of the world?
The passage's evidence that supports the idea demonstrates it provides empirical proof of merchandise transported between India, Europe, and Africa.
The following section provides evidence to support the claim: It provides tangible evidence of the goods carried between India, Europe, and Africa.
Evidence of cargo traveling across continents, such as;
Asia[India]EuropeAfricaIt represented much of the world and supports the central premise of this essay, which is that the sugar trade involved much of the world in the exchange of products.
This passage's proof is best defined as logical evidence demonstrating that sugar cultivation was changing as a result of laws and low pricing.
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April and Wayne are the buyer and seller of a condo, respectively. April is represented by Steve. Wayne is represented by Wanda. Name the principal(s) in this transaction.O April and Wayne
O Wayne only
O Wanda only
O Steve and Wanda
The principal(s) in this transaction are Steve and Wanda. Thus Steve and Wanda's option is the correct answer.
A principal is a person or organization that initiates and carries out a transaction, they are the main parties who are involved in the transaction.
In this case, April is the buyer and Wayne is the seller of the condo. They are the main parties involved in the transaction, and they are the ones who enter into a legally binding agreement. Steve and Wanda are the agents representing April and Wayne, respectively, they act on behalf of their clients (April and Wayne), but they are not considered principals.
They help them to negotiate, execute and close the transaction by providing expert advice and services. They are not the main parties in the transaction. Therefore, the correct answer is O) Steve and Wanda.
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what was the major innovative technique that allowed henry ford to produce an automobile that could be manufactured and sold at a reasonable cost? (1 point) he pioneered the use of aluminum frame designs. he invented the inflatable tire for the automobile. he used the assembly line production process. he developed an automobile that ran on less fuel.
Henry Ford introduced the assembly line in 1913, and his workers despised it. Forget the Model T; Ford's true breakthrough was the moving assembly line.
The assembly line manufacturing method was the key creative technology that enabled Henry Ford to build a vehicle that could be built and sold at a reasonable cost. Serial manufacturing emerges from this new production system known as Fordism (a word created by A. Gramsci). Each item is added as the product travels along the work station until the final assembly is completed. With this method, many workers were required to use machines and do repetitious duties. As a result, the employer may now exert control over the worker's productive time (determined by the speed of the assembly tape).
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select the best definition of lean operations. multiple choice question. operations which do not produce enough to cover overhead costs and must be changed a flexible system of operations using fewer resources than a traditional system a system of operations on a limited budget with the minimum number of employees
the best definition of lean operations a flexible system of operations using fewer resources than a traditional system.
Lean operations: What do they entail?Doing more with less is the foundation of the business concept known as lean operations. It is a straightforward method of enhancing daily operations and managing a firm. Lean operations, in other words, are all about making your workflows a little more efficient, à la Marie Kondo. Eliminating waste, or the parts of any process that contribute no value, is the aim of lean manufacturing. The Lean methodology emphasizes waste elimination, value delivery as defined by the client, and ongoing improvement.
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Answer:
accepting the risk of starting and running a business
Explanation:
the demand curve for canned peas is downward sloping. if the price of canned peas, an inferior good, rises, then a. the income effect which causes you to reduce your canned peas purchases is smaller than the substitution effect which causes you to increase your purchases, resulting in a net increase in quantity demanded. b. the income effect which causes you to increase your canned peas purchases is smaller than the substitution effect which causes you to reduce your purchases, resulting in a net decrease in quantity demanded. c. both the income and substitution effects reinforce each other to decrease the quantity demanded. d. the income and substitution effects offset each other but the price effect of an inferior good leads you to buy more canned peas.
The right answer is B. There is a net drop in quantity requested because the income effect, which lets you buy more canned peas, is less effective than the supply curve, which makes you buy less.
Describe the demand curve.The link between the amount of a product or service that customers are willing and capable of purchasing and the pricing of that item or product is represented graphically by a demand curve. The average slope is down, meaning that as the cost of a commodity or service rises, more people will buy it. The demand law is referred to as such. The demand curve may also slant towards the west or left based on variables such shifting customer tastes and income.
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you are told you need to work weekends. your supervisor gives you a pay raise in return. what type of power is your supervisor using
If you are told you need to work weekends. your supervisor gives you a pay raise in return. The type of power your supervisor is using is: Reward.
What is reward power?Reward power can be defined as the power vested on a supervisor to reward its employee for completing a tasks or for achieving a set goals.
Based on the given scenario the supervisor is making use of what is called reward power on its employee and this reward power is given a pay raise in return as a reward for working during the weekend.
Therefore this scenario is a reward power.
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A flow-chart is shown. From top to bottom, Emma decides to study, then Emma is not able to go bowling, then two lines are drawn to 2 boxes that contain question marks.What could happen as a result of the effects of the opportunity cost on the left
The effects of the opportunity costs for Emma's decision is that: 1) Emma decides to study 2) Emma is not able to go bowling
From the above stated situation the next best option would have been for Emma to have gone bowling instead of choosing to study. She missed out on the perks of hanging out with friends and having fun since she didn't go bowling.
The worth of what you forgo while deciding between two or more possibilities is known as opportunity cost. Every decision involves trade-offs, and opportunity cost refers to the gains you could have gained by going in one route rather than the other.
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the intent of managed health care was to a. replace fee-for-service plans with affordable, quality care to health care consumers. b. dramatically improve the health care delivery system in the united states. c. have employees of a managed care organization provide patient care. d. retrospectively reimburse patients for health care services provided.
Replace fee-for-service arrangements with ones that offer patients cheap, high-quality care. Managed health care's goal was to. Enrollees.
How do you employ manage?
To be successful at managing something, especially something challenging He suppressed his disappointment and forced a feeble smile. We will manage it, albeit I'm not really sure how. manage (to do something) (to do something) We arrived at the airport with plenty of time.
to take care of and decide upon: directly. control a factory; 2 to produce and maintain under one's control she has good control of her skis.
Today I'll use another phrase that many of my students find confusing: "manage to."
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if your bank receives a checkable deposit that results in $20,000 in excess reserves, and the banking system makes loans totaling $60,000, the maximum possible, then the money multiplier must be:
If your loan bank receives a checkable deposit resulting in excess reserves of $20,000 and the banking system makes loans totaling $60,000, the maximum allowed, the money multiplier must be 4.
Receiving party, also known as the borrower, incurs debt and is typically obligated to pay back the debt's principal as well as interest charges until it is recovered.The promissory note loan used to demonstrate the obligation often states the principle amount borrowed, the interest rate the lender is levying, and the payback due date. When a loan is made, the subject asset(s) are momentarily split between the lender and the borrower. An example of a financial institution that lends money is a bank, which also accepts deposits from the general public.
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concerning permanent differences, which of the following statements is false? a all events recognized in financial statements will have tax consequences under the regular u.s. tax system. b certain revenues are exempt from taxation and certain expenses are not deductible. c events that do not have tax consequences do not give rise to temporary differences and, therefore, do not give rise to deferred tax assets or liabilities. d differences that will not have future tax consequences are often referred to as permanent differences.
Option (A), Regarding permanent differences, it is untrue to say that all occurrences that are recorded in financial statements will result in taxes under the standard U.S. tax system. Under the standard U.S. tax code, some events that are disclosed in financial statements do not have any tax repercussions.
What details ought to be included in financial statements?The notes to the financial statements contain a description of the exact assumptions that accountants used to create a company's income statement, balance sheet, summary of changes in financial position, and statement of retained earnings.
What disclosures are made in financial reporting?In the financial sector, disclosure refers to the timely publication of all information about a company that may impact a decision made by an investor. It releases data, statistics, and operational details that have an impact on its business, both positive and negative.
Permanent differences: How do they affect tax basis?Permanent discrepancies are sources of income and costs that will either be accounted for in pretax GAAP but never in taxable income. The deferred tax computation would never change as a result of these variations; rather, they will only affect the present tax computation.
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job order costing system would best fit the needs of a company that makes:Multiple Choice:Custom machinery.Cement.Shoes and apparel.Paint.Pencils and erasers.
The correct option is A. job order costing system would best fit the needs of a company that makes Custom machinery.
A costing system is designed to screen the prices incurred through a business. The machine is comprised of a fixed of forms, approaches, controls, and reports which might be designed to combine and file to management approximately sales, prices, and profitability.
Price and error traits of three cost accounting machine kinds: full costing, marginal costing, and interest-based totally costing.
Fee accounting tracks, statistics, and analyses of the unique charges of manufacturing that arise within a commercial enterprise. those prices fall below three important classes: material, exertions, and overhead charges. the principle goal of price accounting is to decide the quality pricing techniques for services and products.
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Expectancy Theory: Aloha Motivation!All Season Weelz, an automobile tire reseller, recently offered a promotion providing a free trip to Hawaii for employees who hit a certain sales number. Unfortunately, the promotion did not yield positive results. You will serve as a consultant to the sales and marketing teams. You will need to figure out what went wrong, and what needs to happen to resolve the issue for future promotions.Do you want to enjoy an all-expenses paid,7-day trip to Hawaii this year? All you haveto do is hit $1 million in sales next quarter!What’s included: Round-trip airfare to Honoluluand six nights’ accommodations ata luxury resort with all meals.NarratorPorterVP MarketingSherryVP SalesMattSalespersonPorter: Welcome All, I wanted to take a moment and discuss last year's sales promotion. Take a look at this promotion. In short, it was a complete failure, and we need to figure out why it did not motivate the sales team and what we can do for future promotions so this does not happen again.Sherry: Yes, it really was disappointing. Here are the results. What's interesting is that the people who hit the mark were already making the $1 million sales number before we even offered the promotion.Matt: Hi all, I appreciate you also inviting me to be part of the discussion. I hope I can provide some insight as to what went wrong.Sherry: Well, it seems there was a motivation problem.Narrator:Based on the results we see here, which component of the Expectancy Theory of Motivation may be the issue?Please select an answer below:Expectancy (E to PValence ResponseInstrumentality (P to O)Equity
Using the Expectancy Theory of Motivation, we find that the issue is with the component of "Valence Response"
Explanation:
From the case, we find that the quarterly average employee sales figures in the previous year were almost consistent (variance was only in the range of 20,000 to 55,000 U.S. Dollars) in spite of the promotion being in existence. This shows that most the employees did not place high importance on achieving the $1 million sales number, and achieving the associated reward. On the other hand, the few employees who did reach the target were already hitting similar figures even before the promotion came into existence; this shows that such employees placed high importance on being over-achievers.
Thus, using the Expectancy Theory of Motivation, we find that the issue is with the component of "Valence Response".
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which best describes why countries establish limits on trade? check all that apply.
o to force domestic industries to compete
o to restrict foreign influence in a sector
o to restrict importation of a foreign good
o to raise the price of foreign goods
The options that best describe why countries establish trade barriers are as follows:
(B) Limiting foreign influence in a certain industry.
(C) Restricting the import of foreign goods.
(D) Sanctioning other countries.
What do we mean by limits on trade?Trade limitations are imposed by the government on global trade.
The theory of comparative advantage claims that trade restrictions harm the global economy and reduce overall economic efficiency.
The majority of trade barriers operate under the same general premise: they impose some type of cost (money, time, bureaucracy, quota) on commerce that drives up the cost or supply of the traded goods.
A trade war happens when two or more countries deploy trade barriers against one another repeatedly.
The following choices best explain why nations impose trade restrictions:
1. To limit foreign influence in a particular industry;
2. To limit the importation of foreign goods; and
3. To penalize other nations
Therefore, the options that best describe why countries establish trade barriers are as follows:
(B) Limiting foreign influence in a certain industry.
(C) Restricting the import of foreign goods.
(D) Sanctioning other countries.
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Correct question:
Which best describes why countries establish limits on trade? check all that apply.
A. to force domestic industries to compete
B. to restrict foreign influence in a sector
C. to restrict the importation of a foreign good
D. to raise the price of foreign goods
organizational culture is related to the polc function of: question 4 options: planning organizing leading controlling
The organising polc function is connected to organisational culture. The success of an organisation is built on its organisational culture.
What do you mean by Organizational culture?
Organizational culture refers to the values, beliefs, attitudes, and behaviors shared by the members of an organization. It is the personality of an organization, shaped by its history, mission, and values. It is reflected in the organization's practices, policies, language, symbols, and working environment. It is also the product of the interactions between employees, and the sum of the collective behaviors and attitudes of the organization. Organizational culture can be seen in the way decisions are made, how people interact with each other, and the level of risk that is accepted. It can also be seen in the way work is organized, how resources are allocated, and how employees are motivated and rewarded.
So, The correct answer is Organizing.
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how will a gauge visualization provide impressive one-glance information on your company's sales for the year?
The percentage of salespeople who are on track to meet the sales target might be displayed. It can demonstrate how each salesman is "measured" against the others.
What is sales target?By measuring sales, you can determine the revenue from current sales and compare it to a goal or previous results.
It may be specified as the quantity of units sold, the dollar amount, or the total number of accounts. Any sales management strategy's central tenet is to track how well sales are performing relative to goals.
The quantity of goods that must be sold in order to break even or turn a profit in a specific time frame is known as a sales target. Your business plan's forecasts should be met by these goals.
Your sales staff has targets that they must achieve. These goals are frequently linked to overall corporate goals and are centered on a particular sales KPI.
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units of a-negative, b-negative, and o-negative red blood cells are shipped to your transfusion service. what testing must be performed by your facility before placing these units into your inventory?
Units of A-, B-, and O-negative red blood cells are shipped to your transfusion service. ABO and Rh MUST be performed by tour facility prior placing these units into your inventory.
The Blood Type Test determines your blood group (A, B, AB, or O) as well as whether you are Rh positive or Rh negative. The presence or absence of particular carbohydrates (ABO blood group antigens) or proteins (Rh antigen) attached to the surfaces of your red blood cells determines your blood type.
Anyone who wants to learn their blood type should take the Blood Type test. The test determines if a person's blood group is O, A, B, or AB, as well as whether they are Rh-positive or Rh-negative.
To purchase, you must be at least 18 years old. There is no need for you to do anything particular in order to prepare for the sample collection. This test does not necessitate fasting.
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in which balance sheet column is net income recorded on the work sheet?
Net income is recorded in the "Net Income" column on the sheet. This column is usually located on the right side of the sheet and is used to summarize the results of the accounting period.
Net income equals total revenue minus total expenses. This amount of net income is then transferred to the company's balance sheet as a line item, usually under the heading "Retained Earnings". The amount of retained earnings is equal to the beginning balance of retained earnings plus net income for the period. This amount is a key indicator of the company's financial performance. It shows the amount of profits that the company made during the accounting period and can be used to measure the success of the company's management.
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question mode multiple choice question accounting professionals: multiple choice question. are in high demand are rarely employed outside the accounting field have limited opportunities outside accounting
Accounting professionals are in high demand are rarely employed outside the accounting field have limited opportunities outside accounting.
What is Accounting professionals?
An accountant is a person who works in the accounting industry and carries out tasks including financial statement analysis, audits, and account analysis. Accountants are employed by accounting firms or internal accounts divisions of big businesses. Additionally, they are free to establish their own, unique practices.
What are the five accounting principles?
Revenue recognition, asset classification, permitted techniques for depreciation, what is deemed depreciable, lease classifications, and outstanding share measurement are some specific instances of accounting rules.
Forensic accounting, which entails checking financial records for suspicious activity and other abnormalities, is one of the most lucrative accounting professions.
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suppose you are the buyer for the housewares department of a department store. a number of vendors in your area carry similar lines of merchandise. on sets of microwavable serving bowls, brand a offers a list price of $400 per dozen less a 36% trade discount. brand b offers a similar set for a list price of $425 less a 43% trade discount. (a) which vendor is offering the lower net price?
Using a 33% trade discount, Kitchen Magic offers bowls for $500 per dozen. Similar product lines are sold by a number of regional vendors.
What is similar and examples?
The meaning of similar is two items that are somewhat similar but not exactly the same in their qualities. A cream skirt and a white skirt are two examples of similar clothing. Similarity refers to sameness or similarity. When contrasting two things, whether they be actual items, concepts, or experiences, you frequently consider both their similarities and contrasts. The opposite of similarity is difference. A resemblance between squares and rectangles is that they both have four sides.
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How would you classify Frito-Lays marketing strategy in China? Globalization, adaptation, or customization? Why?
Frito-Lay's marketing strategy in China could be classified as customization.
What is Frito-Lays marketing strategy?Generally, This is because the company has tailored its products and marketing efforts to specifically cater to the Chinese market. For example, Frito-Lay has introduced new flavors and products that are popular in China such as spicy hot pot and green tea flavored chips.
Additionally, the company has also adapted its packaging and branding to better appeal to Chinese consumers.
Additionally, Frito-Lay has also invested in local production facilities and distribution networks in China to better serve the market. All of this suggests that Frito-Lay has tailored its strategy to the unique characteristics of the Chinese market, rather than simply applying a global or standardized approach
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3. what problems did farmers face throughout the 1920s? a. widespread drought and crop failure b. increasing demand and rising prices c. government interference and lower demand d. crop surpluses and dropping prices
Government interference and lower demand were the problems that the farmers face throughout 1920s.
What is demand?The ability and willingness of a consumer to purchase an item or service is referred to as "demand" in the economics field. It is the primary force advancing the country's economy. Without it, other economic activity will no longer be relevant. Business spends a significant amount of time and money in order to fully understand this demand description. Lack of demand, which is what propels an economy, will cause businesses to suspend manufacturing and other economic operations. The amount of demand decreases when a company asks for a higher price for its products, which has a detrimental effect on sales and profits. Other factors that affect demand besides this include the appeal of the good or service, its reliable supply, the existence of competing products, and the accessibility of financing options.
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which of the following are outputs of the aggregate planning process? multiple select question. projected levels of inventory projected levels of employment projected levels of subcontracting projected levels of output total cost of a plan demand for level b inventory items demand for level c inventory items projected levels of capital needs
Projected levels of subcontracting, Projected levels of employment., Projected levels of inventory, Total cost of a plan, Projected levels of output are outputs of the aggregate planning process
The aggregate planning approach examines, develops, and maintains a manufacturing plan with a focus on consistent, dependable output. The majority of the time, aggregate planning is centred on production levels, inventory control, and targeted sales estimates for the next three to eighteen months. The act of creating, evaluating, and maintaining a rough timeline for an organization's entire operations is known as aggregate planning. The overall plan typically includes customer backlogs, production levels, sales volumes, and targeted sales predictions.
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n the integrative framework for the implementation of task redesign, the step that follows selection of task redesign is a. diagnosis of the work system and context. b. go/no-go decision. c. none of these are correct. d. recognition of a need for a change. e. cost-benefit analysis of proposed changes.
The integrative framework for task redesign implementation, the phase that follows task redesign selection is diagnostic of the work system and context. The correct answer is (a) diagnosis of the work system and context.
What exactly is a work system?Many places have used the term "work system" loosely. This article focuses on its use in understanding IT-reliant systems in enterprises. The word was originally used in 1977 in the inaugural edition of MIS Quarterly in two papers by Bostrom and Heinen. Later, Sumner and Ryan used it to describe challenges with CASE adoption. A number of socio-technical systems academics, including Trist and Mumford, used the phrase on occasion but did not define it thoroughly. In contrast, the work system method thoroughly defines the work system and uses it as a fundamental analytical notion.
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Question 17 of 20
What is revision?
Answer:
Hope This Helps <3
Explanation:
Revision Means alteration and fixing things out of order making sure its understnadble and perfect with no spelling or grammar mistakes revision is also known as revising
a seller agrees to pay a 6% commission on the $475,000 sale of their home. the listing broker agrees to split the commission 50/50 with the buyer's broker. how much did the listing broker make in commission?
A seller agrees to pay a 6% commission on the $475,000 sale of their home. The listing broker agrees to split the commission 50/50 with the buyer's broker. Broker made $14250 in commission.
Most buyers of homes work with a real estate agent or broker, who receives a commission on each sale. The average first-year salary for real estate agents is $55,300. Agents with one to three years of experience earned around $82,100. Once agents have four to ten years of experience, that amount rises to about $150,000.
Pay is based on the volume of closed deals as well as the commission split with the sponsoring broker of the realtor as well as the amount of commission paid to the real-estate brokerage. The commission is shared between the brokers on each side of the transaction, and each broker shares this commission with any of their agents who were engaged in the transaction.
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you now know that boris yeltsin replaced the top-down command economy with free market forces after the collapse of the soviet union. were free market policies ever introduced in russia or hte soviet union between 1917 and 1991?
It put an end to Mikhail Gorbachev's (later President) attempts to change the Soviet political and economic systems in an effort to halt a period of political impasse and economic decline.
Which three Soviet republics proclaimed their national sovereignty first?Between March and May 1990, the three Baltic states of Estonia, Latvia, and Lithuania were the first to formally renounce Soviet rule, asserting continuity with the original states that existed before the Soviet Union annexed them in 1940.
Stalin quickly changed this strategy through the nationalization of industry and the collectivization of farms, which were the outcomes of the accelerated central planning as illustrated by the "Five-Year Plans." The Soviet Union had been running its economy through a centralized structure since around 1930.
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us-mobile manufactures and sells two products, tablet computers and smartphones, in the ratio of 4:2. fixed costs are $96,800, and the contribution margin per composite unit is $121. what number of each type of product is sold at the break-even point?
Break-even point (units) = $96,800/121 per unit = $800
Tablets = 4/(4+2)× 800 =533 units
Smartphones = 2/(4+2) × 800 = 267 units
What two sorts of break-even points are there?There are two approaches to determine a firm's break-even point (B.E.P.). It can be calculated in terms of physical units, such as output volume, or it can be calculated in terms of monetary value, such as sales value.
Why is it referred to as break-even?Break-even (or break even), often known as the point of equilibrium or B/E in finance, is the point of balance where there is neither a profit nor a loss. Any value below the break-even mark represents a loss, whereas any value above it represents a gain.
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