Answer:
This type of effort is known as <u>collaboration</u>
Explanation:
Collaboration among businesses involve them <u>working together to achieve common business goals which could be </u><u>manufacturing </u><u>or marketing goals.</u>
In such instances, the businesses could combine their resource and share expenses among themselves and this helps reduce costs and increase efficiency.
Answer:
$69020
Explanation:
Selling price -$54
Incremental selling price =54*(1-0.16)=45.36
Incremental sales - 45.36*7000= 317520
Contribution -
Direct materials = 24*7000 = (168000)
Direct labor = 6*7000 = (42000)
Variable manufacturing = (21000) (3*7000)
Variable selling price = (3500) 2*(1-0.75)
Total contribution = 83020
Additional cost of machine (14,000)
Incremental profit 69,020
Answer:
$1,000
Explanation:
Fixed assets must be recorded at historic cost or purchase value. Their valuation is not affected by changes in market values, e.g. land might appreciate over time, but its historic cost will be used for accounting purposes.
In this case, Lisi doesn't have a bill to show the price of the rack, and since she paid in cash, she has no way of proving what she actually paid for it. In this case, in order to record the purchase of the rack you must use the fair market value of similar racks.
Imagine if someone could just say that they purchased things at X price but didn't get a bill, soon people would be recording buying pencils at $500 each because they are gorgeous and perfectly crafted.
Answer:
Hence , product 1 should be allocated the shelf space
Explanation:
<em>Whenever a company is faced with a situation of large shortage in resources, To maximize the use of the resource in short supply the business should allocate the resource to the product that maximizes the contribution per unit of the scare resource.</em>
For example, the resource in short supply here in the question is the shelf space , <em>hence the contribution per shelf should be used to decide how to allocate the available shelf space to the product.</em>
<em>Product 1 gives a contribution per unit of shelf space of $2000 which is higher by $800 that of product 1. </em>
Hence , product 1 should be allocated the shelf space
The solution for this problem is:
Let x be the number of months; and
Let y be the amount paid
We know that m is $199 per month and the two other given are
6 months and 2694.
y = 199 (x -6) + 2694
y = 199 (36 -6) + 2694
y = 199 (30) + 2694
y = 8664
Mr. Scott paid $8664 after 3 years.
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