A sales supervisor whose monthly salary is ₱38,500.00 is paid 7% of his total sales and 3% of the total sales of his subordinates. If his total sales for the month amount to ₱250,000.00 and that of his subordinates is ₱425,000.00, determine the following: a. How much is his override?
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A sales supervisor whose monthly salary is ₱38,500.00 is paid 7% of his total sales and 3% of the total sales of his subordinates. If his total sales for the month amount to ₱250,000.00 and that of his subordinates is ₱425,000.00, determine the following:
a. How much is his override?
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- You have the opportunity to get a VEGGIE Café franchise (this specializes in BOCA veggie Burgers and other heart-healthy, non-GMO fast foods). You now manage three Big Bird Stick-e-Chicken shops for another owner, and feel you are ready to be your own boss. You estimate you can gross 70% of Stick-e-Chicken’s gross sales (which last year totaled $600,000). You will have to pay Veggie, Inc., an annual franchise fee of $1,500 plus another 4% of gross sales. You will have to pay two types of advertising expenses: local advertising (which will cost $6,000 a year) and your share of National advertising (which will be 2% of gross sales). A store location (formerly a Burger Hut) is available for only $6,000 a year plus a yearend rent bonus of 1% of estimated gross sales greater than $60,000. You will have to borrow money from a bank at 10% per annum (which will cost you $18,500 a year in interest). Your life savings of $50,000 will have to be invested in the business (thus you will…You have the opportunity to get a VEGGIE Café franchise (this specializes in BOCA veggie Burgers and other heart-healthy, non-GMO fast foods). You now manage three Big Bird Stick-e-Chicken shops for another owner, and feel you are ready to be your own boss. You estimate you can gross 70% of Stick-e-Chicken’s gross sales (which last year totaled $600,000). You will have to pay Veggie, Inc., an annual franchise fee of $1,500 plus another 4% of gross sales. You will have to pay two types of advertising expenses: local advertising (which will cost $6,000 a year) and your share of National advertising (which will be 2% of gross sales). A store location (formerly a Burger Hut) is available for only $6,000 a year plus a yearend rent bonus of 1% of estimated gross sales greater than $60,000. You will have to borrow money from a bank at 10% per annum (which will cost you $18,500 a year in interest). Your life savings of $50,000 will have to be invested in the business (thus you will…In your country, the demand curve of a litre of petrol is given by: P = 107 - 5QD. Due to political unrest coupled with the slow recovery from pandemic, the global price of petrol surged which led to an increase of price per litre of petrol in your country from TK55 to TK80. After the price rise, the employees of the company you work for demanded a pay-raise. Your employer, hence, increased your income from 31033 taka to 46187 taka. The new demand curve at the new income level is P = 132 - 5QD. A). Calculate the income elasticity of demand (YED). B) Now assume that the increase in income (and the subsequent shift of the demand curve) had occured before the rise in price, then what would the YED be?
- An increase in the direct tax means it is None of the above Inflationary Having no impact on price Anti-inflationaryThe manager of a sole distributorship for a famous brand of automobiles was discussingwith the assistant manager the planned introduction by mid-year of a new model, theXP-60. It was decided earlier that the price be set at P400,000, at which level the totalnumber of units sold was estimated at 500 units annually. The assistant manager hassuggested that the price should be set at a somewhat lower level, say, at P360,000 inorder to attract a major segment of the non-targeted market. At this lower price, 1,000units are expected to be sold.1. Formulate the firm’s linear demand equation for the product given the estimates andprojections made.2. What is the (point) price elasticity of demand at price P400,000? At P360,000?3. What is the midpoint arc price elasticity of demand between these two prices?Interpret the result.4. Determine the total revenue (TR) function and the marginal revenue (MR) function.5. Calculate marginal revenue at the originally proposed price and at therecommended…Estimate the value of money multiplier if the LRR is 21℅
- The demand function for a manufacturer's product is D = 91 - 9p , where D is the number of units and 'p' is the price per unit. The value of D that will achieve maximum revenue is _____ units.HomeGrown is a small restaurant that specializes in serving local fruits, vegetables, and meats. The company has chosen to enter into a long-term relationship with Family Farms, a local farming operation. The two parties have decided to enter into a long-term contract, where Family Farms will supply produce to HomeGrown at specified prices and volume each year. Before signing a contract, HomeGrown is trying to decide how long the contract should be. It estimates that each year the contract covers saves the restaurant $1,000 in bargaining and opportunism costs. However, each year the contract covers also requires more legal fees. HomeGrown estimates that the number of hours required from lawyers, L, has a quadratic relationship with the number of years on the contract, so that L = Y2, where Y is the number of years for the contract. If HomeGrown’s lawyers charge $100 per hour, how long should the contract be?Due to inflation in Australia in December 2019, the price for petrol increased from AUD 1.35 to AUD 1.45. This caused petrol consumption to decrease from 2500 litres to 2450 litres at a 7-Eleven Petrol Station in Sydney. Also, when the price for Hyundai 7.5kW Inverter Split System Air Conditioner (Reverse Cycle) increased from AUD 950.00 to AUD 990.00; demand for these air conditioners fell from 2500 units to 2000 units. Following this condition, answer the questions below.i. Using the mid-point formula calculate the price elasticity of demand for petroland Hyundai 7.5kW Inverter Split System Air Conditioner (Reverse Cycle). ii. Is the price elasticity of demand: elastic, unit elastic or inelastic for eachcommodity (petrol and Hyundai 7.5kW Inverter Split System Air Conditioner (Reverse Cycle)? iii. Suppose the government decides to increase tax for petrol and Hyundai 7.5kWInverter Split System Air Conditioner (Reverse Cycle). Use two diagrams to explain the incidence of the tax…
