Answer:
What is the best type of fee arrangement for Lily?
b. Contingency fee
Explanation:
Contingency fee. Those clients do not have to give us any money at the start of the case to represent them.
Answer:
resource smoothing
Explanation:
According to the definition provided in the question we can say that this is regarding resource smoothing. Like mentioned in the question this term refers to a management technique that adjusts the resources so that the requirements do not surpass the resource limits that the company has specified, by delaying the noncritical activities in order to allow for the important ones first.
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Answer: Historical comparison
Explanation:
Historical comparisons in organizations is when two or more events or cases are compared in order to discover a trend and evaluate the performance of an organization.
Apple Inc. had revenues of 234 billion USD coupled with a net income of $53 billion in 2015 and the figures represent an annual growth in revenue and the net income for 2014 indicated that an historical comparison has been done.
Answer: $1,444,000
Explanation:
The Cost of Goods sold for a manufacturing company includes the Manufacturing overhead. If the overhead was overapplied, the COGS is inflated and needs a downward adjustment.
COGS after overapplied overhead is disposed of = COGS before disposal - overapplied amount
= 1,460,000 - 16,000
= $1,444,000
Answer:
Inelastic
Explanation:
When the price elasticity of demand (PED) is lower than 1, the demand is said to be inelastic. This means that a 1% increase in the price of a good or service will result in a proportionally smaller reduction of the quantity demanded. The formula for calculating price elasticity of demand is:
PED = % of change in quantity / % of change in price
For example, if the price of gasoline increases by 5% but the quantity demanded for gasoline decreases only by 2%, the PED = 2% / 5% = 0.4, therefore the demand for gasoline is inelastic.
