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1 year ago

8

In a(n) ________ strategy, managers try to gain a competitive advantage by focusing the energy of all the organization's departm

ents or functions on driving the company's expenses down below the expenses of its industry rivals.

1 answer:

Vedmedyk [2.9K]1 year ago

6 0

Answer:

low-cost

Explanation:

I may not be right, so use this as a last resort if necessary.

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The five dollar Burger Joint gift card that your friend gave you for your birthday expires today. You can either use the gift ca

ruslelena [56]

Answer:

B) The value of the ingredients that go into the home-cooked meal and the value of a five-dollar dinner at Burger Joint .

Explanation:

Opportunity costs can be defined as the cost for choosing one alternative investment or action over another.

If you choose to use the five dollar gift card, you are going to eat for free, although you might not enjoy that meal as much as your delicious home made dinner.

But if you choose to eat a delicious meal at home, you are going to lose the five dollars of the give card and will have to spend a certain amount of money in making the dinner. Those same ingredients could be used to prepare dinner tomorrow. That is your opportunity cost of eating at home.

4 0

3 years ago

Amber is in charge of preparing an annual budget for her company. As part ofthe budgeting process, she must estimate cost of goo

galben [10]

Complete question:

amber is in charge of preparing an annual budget for her company. as part of the budgeting process, she must estimate COGS and ending inventory. which of the following statements is correct regarding the use of the gross profit method

amber must take a physical inventory to determine ending inventory and COGS

amber may utilize the gross profit method, but must also take a physical inventory

amber may utilize the gross profit method to estimate ending inventory and COGS

Answer:

Amber may utilize the gross profit method to estimate ending inventory and COGS

Explanation:

The gross profit method is a strategy used to measure the value at the end of the product. The method may be used with monthly accounting statements where a physical warehouse is not feasible.

(However, it is not a substitution for an actual physical inventory.) It is often used to measure the volume of lost products incurred by burglary, accident or other disasters.

For example, if a business buys products of $80 and sells them for $100, the gross profit is $20.

6 0

3 years ago

You are currently spending much time, effort and money on your education. economists call education an investment in

frutty [35]

Human Capital
Which is the productive investment in people gaining skills or values as a result of education or job training programs.

7 0

3 years ago

Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corp

nordsb [41]

Answer:

Gibbs Corporation

1) Fixed cost per unit

= $810

2) ROI per unit

= $4,277

3) Markup percentage = Total cost per unit

= 252-927%

3b) Target selling price, using absorption costing

= Total cost per unit plus Markup

= $5,960

Explanation:

a) Data and Calculations:

Per Unit Total

Direct materials $410

Direct labor $340

Variable manufacturing overhead $ 75

Fixed manufacturing overhead $1,708,000

Variable selling and administrative expenses $ 56

Fixed selling and administrative expenses $ 560,000

Total variable and fixed costs $881 $2,268,000

ROI = 22% = $11,974,600 ($54,430,000 * 22%)

Invested assets = $54,430,000

Estimated annual production units = 2,800

1) Fixed cost per unit = $810 ($2,268,000/2,800)

2) ROI per unit = $4,277 ($11,974,600/2,800)

3) Markup percentage = Total cost per unit = $4,277/$1,691 * 100 = 252.927%

3b) Target selling price, using absorption costing

= Total cost per unit plus Markup = $5,960 ($1,691 + $4,277)

8 0

3 years ago

What were the economic changes that revolutionized manufacturing in the eighteenth century and led to the factory system?

Daniel [21]

Answer:

The industrial revolution affected the whole global economy, social relations, and culture.

The industrial revolution changed how goods were manufactured, and it all started with the European accumulation of capital and the invention of the steam engine.

The two major sources of energy were coal and oil that were used to power steam engines that moved machinery using water steam. That led to work specialization and urbanization (people moving into large urban areas).

The industrial revolution first started in northwestern Europe, but it then spread to the US, Russia and Japan. The global economy developed new patterns of global trade and production between nations that produced resources and those that processed them and produced goods.

Exporting economies grew around the world because of the need for exporting both raw materials and food supplies from resource producing nations, and the need for exporting finished goods form industrialized nations.

7 0

3 years ago