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The peace barber shop employs 4-barbers. One barber, who also serves as the manager, is paid a salary of $1,800 every month. The other barbers are paid 1,300 every month. In addition, each barber is paid a commission of $4 per haircut. Other monthly costs are: store rent $800 plus 60 cents per haircut, depreciation on equipment $500, barber supplies 40 cents per haircut, utlilities $300, and advertising $ 200. the price of a haircut is $11.
Instructions(1) how can I determine the variable cost per haircut and the total monthly fixed cost(2) how do I compute the break even point in units and dollars(3) How do I determine the net income, assuming 1500 are given in a month?
Your supervisor recently instituted a plan that encourages her managers to share non private demographic characteristics voluntarily provided by those who buy your company's final product.
A reserve value is a minimum value set by the auctioneer. If no bidder is willing to pay the reserve price, the item is unsold at a profit of $0 for the auctioneer.
The article study for the demand, supply and the market equilibrium has been discussed. The article that has been review was published on August 2012.
Assume long run production for the company is indicated by, Compute the firm's optimal amount of capital and labor.
The hourly wage rate is $6, hourly rentail rate for capital is $8. The production function I found to be q=10K^.5L^.5 The captital if fixed at 225 hours in the short-run.
The Green Show Corporation is planning going to a piece rate system, where manufacturing workers are paid based on their level of output.
MNCs have business units in different geographic areas. This leads to interaction in different languages and cultures.
As the manager of exploration for Chieftain Oil & Gas, you are assessing a new offshore oil recovery method that will recover oil and gas deep in the Gulf of Mexico.
Coca-Cola and PepsiCo are leading competitors in market for cola products. In 1960 Coca-Cola introduced Sprite, which today is the worldwide leader in lemon lime soft drink market and ranks fourth among all soft drinks worldwide.
Over the last thirty years the company of Petroleum Exporting Countries has had varied success in forming and maintaining its cartel agreements.
There is some information you are given, and on the basis of the information, you are asked to make a decision. Now here are some definitions
Superior Metals Corporation has seen its sales volume decline over past few years as the result of rising foreign imports. In order to raise sales, the company is planning a price reduction on luranium
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