During the last collective bargaining negotiations, the union and management at Apix Manufacturing negotiated a(n) _____, in which the union agreed to forego a wage increase in return for a no-layoff policy.
Fill in the blank(s) with the appropriate word(s).
Answer: giveback
You might also like to view...
What type of organizational structure is indicated by a strict chain of command?
A) horizontal B) tall C) slanted D) inefficient
Contribution margin, gross margin and margin of safety
Mirabella Cosmetics manufactures and sells a face cream to small ethnic stores in the greater New York area. It presents the monthly operating income statement shown here to George Lopez, a potential investor in the business. Help Mr. Lopez understand Mirabella's cost structure. Required: 1. Recast the income statement to emphasize contribution margin. 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2014. 3. What is the margin of safety (in units) for June 2014? 4. If sales in June were only 8,000 units and Mirabella's tax rate is 30%, calculate its net income.