Question 3. John operates an automobile repair shop called A1 Automobile Repair Shop providing the follow ing: light vehicle servicing and parts, panel beating and spray painting, roadside assistance, sales of accessories. She owns the w orkshop building and supplies her own labour and m oney capital. Prior to starting her own business, M ai w an earned K 2600 per m onth by renting out the workshop. She also earned K 5800 per m onth in wages as a regional m anager for E la M otors. To start the business, M ai w an w ithdrew her savings of K 20000 from IBD (interest bearing deposit) w ith BSP which w as earning 5% interest per m onth. H er m onthly financial statem ent show ed the revenues from operating her w orkshop as K 16, 000 and her m onthly expenses for labour costs am ounted to K 5000, cost of utilities am ounted to K 1500 and cost of supplies am ounted to K 3,000. Calculate John's monthly explicit and implicit costs as well as the accounting and economic profits.​

Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?

“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.