Explain why the president has to be
Answer:
The break-even point in dollar sales for the Retail segment equals to $175,000
Explanation:
Break-even point is the point of sales where the business incur no profit and no loss. Business fulfills all the variable and fixed cost requirements at this point.
Retail segment
Contribution margin ratio = 40%
Fixed Expense = $70,000
Break even sales revenue = Fixed cost / Contribution margin ratio
Break even sales revenue = $70,000 / 40%
Break even sales revenue = $175,000
Answer:
The correct Choice here is A)
Explanation:
360-degree feedback is a performance evaluation/management technique that provides each worker the opportunity to receive feedback about their performance from senior colleagues and four to eight peers, reporting staff members, co-workers, and customers.
If it is true that the salespeople of the company travel extensively and are expected to <em><u>work independently</u></em> <em><u>without supervision</u></em>, then <u>it is important to see from the customers eyes what happens when the Sales People go out.</u>
This information will provide information with respect to what the Sales people are doing right and what they aren't getting done.
Armed with these information, Prestige Pergasus can in the next financial year work it's way into even more profits IF following from the feedback they:
- reinforce, expand on and reward what is working;
- quickly eliminate any loop holes discovered from the feedback by communicating insights to all staff and readjusting performance metrics / system to reward or punish deviation new policies which may have been thought through and stablished in 1 above.
Cheers!
Answer:
events
Explanation:
it is an emergency situations that needs to be answered quickly
Given:
Principal, P = 26500
term=5 years
Monthly payment, A = 695
Question: Find interest rate
Solution:
Unless there is a table available, there is no explicit formula to calculate interest. However, the interest rate can be solved for using the formula to calculate the monthly payment, as follows.
Substituting
P=26500
i=monthly interest rate to be found
A=monthly payment=695
n=5*12=60 months
Rearrange to give successive estimates of i by
I(i)=(695/26500)*((1+i)^60-1)/(1+i)^60
Try initial estimate of i=0.02 (2% per month)
I(0.02)=0.0182
I(0.0182)=0.01736
I(0.01736)=0.01689
....
Eventually we get the value to stabilize at i=0.016265, or
Monthly interest =
1.6265% (to four decimal places)