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1 year ago

The price of ______ goods is a determinant of demand.

Business

1 answer:

ryzh [129]1 year ago

6 0

Generally, the price of other goods is an important determinant of demand for a product.

<h3>What are the determinants of demand? </h3>

The determining factor for demand level of a product includes changes in income, prices of related goods, consumer expectations, consumer tastes etc.

Therefore, the price of other goods is an important determinant of demand for a product.

Read more about determinants of demand

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Write a paragraph summary of the history of credit and consumerism

ollegr [7]

Answer:

Credit was invented by Mr A Smith (of bank note fame) to allow parents to top-up teenagers phones. This was viewed as particularly important since without it they would be unable to cheat on their homework.

Explanation:

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3 years ago

Consider consecutive processes A-B-C, where process A has a capacity of 20 units per hour, process B has a capacity of 25 units

g100num [7]

Answer:

The operation manager would want the inventory in front of process A based on the lean system.

Explanation:

To fully understand the basis on which we chose the answer, we need to define what a lean system is.

A Lean system refers to a business process plan. More a of business model canvass that meticulously deal with business process plan and development for the purpose of achieving maximum value in production, client and customer satisfaction while still at a reduced cost of running business. It should also be noted that the lean system is mostly a continuum of existing process and subsequent process progress are mostly determined by the level of integrity attained by the primary design stage.

With the understanding gotten from the definition above, it then obvious from the narrative of the question that the process is consecutive. As such, follows a pattern of A to B to C and thus the level of integrity of process design achieved at A will be passed down to B and C.

This is the more reason why the operation manager will prefer to to want an inventory at A which is the primary point of start.

7 0

3 years ago

Read 2 more answers

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asambeis [7]

Answer:

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3 years ago

Warner Company purchases $50,100 of raw materials on account, and it incurs $62,800 of factory labor costs. Supporting records s

a_sh-v [17]

Answer:

[Debit] Work In Process : Assembly Department $47,064

[Debit] Work In Process : Finishing Department $19,504

[Credit] Overheads $66,568

Explanation:

Note that overheads are assigned to departments on the basis of 160% of labor costs. Thus, our first point of call is to determine the labor cost for the respective departments. After that we then apply the 160 % to arrive at the Overheads assigned to that department

Step 1

Determine Departmental Labor Cost

Total Labor Costs = $62,800

Assembly Department = ( $44,400)

Finishing Department = $18,400

Step 2

Determine Overhead Cost for the Departments

Assembly Department ( $44,400 × 160 %) = $47,064

Finishing Department ( $18,400 × 160 %) = $19,504

Step 3

Journalize

Debit the Work In Process Account for the respective department and Credit the Overheads Account as above.

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3 years ago

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solmaris [256]

Ion know and I wish I did good luck lol

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