A local business owner is considering adding another employee to his staff in an effort to increase the number of hours that the store is open per day
If the employee will cost the owner $4,000 per month and the store takes in $50/hour in revenue with variable costs of $15/hour, how many hours must the new employee work for the owner to break even?
BEP = 4000/(50 - 15 ) = 114.3 hours
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Fill in the blank(s) with the appropriate word(s).
Which of the following best describes divisibility of an innovation that influences the rate of adoption?
A) It is the degree to which the innovation is difficult to understand. B) It is the degree to which the results of using the innovation can be observed or described to others. C) It is the degree to which the innovation appears superior to existing products. D) It is the degree to which the innovation may be tried on a limited basis. E) It is the degree to which the innovation fits the values and experiences of potential consumers.
Operating leverage is equal to ________
a. None of these choices. b. Contribution margin / Income from operations c. Income from operations / Contribution margin d. Sales / Contribution margin
Crystal Company has total assets of $190,000 and total liabilities of $60,000. The company's debt-to-equity ratio is closest to:
A) .32 to 1 B) .24 to 1 C) .46 to 1 D) .68 to 1