Answer:
Conversion cost= $58,300
Explanation:
Giving the following information:
Direct labor $ 29,000
Manufacturing overhead $ 29,300
<u>The conversion costs are the sum of the direct labor and manufacturing overhead:</u>
Conversion cost= direct labor + Manufacturing overhead
Conversion cost= 29,000 + 29,300
Conversion cost= $58,300
Francis, the plant manager, is interested in increasing the facility's productivity by utilizing MBO so that his managers and their employees are more focused on objectives. This month Francis asked his managers to concentrate on the two first steps of MBO, which are to jointly set objectives with their employees and to have managers develop action plans
<h3><u>
Explanation:</u></h3>
MBO refers to Management by Objectives. In this type of management system the managerial activities are integrated and are executed in a systematic manner. This is done for the management of the objectives of an organisation are managed both effectively and efficiently.
It focuses on both the organisation and the individual's objectives.In the given example, the aim of the plant manager is to increase the productivity of a Plant through MBO. Hence he can first jointly set objectives with the employees and assign managers to develop action plans.
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Answer:
Lightning Experience
Explanation:
lightning experience is an user interface used by a company so as to enhance rapid and fast sales of their product and also enhance its service reps customers more productively.
lightning experience can equally be used to generate pdf quote by choosing a template from the drop down list and then generate a preview of its gonna look like by clicking save to quote pdfs.
automatically, it will be saved and by so doing pdf quotes will be generated.
Answer:
The distribution channels are the different entities involved in the business structure and marketing of a product. Its main objective is to ensure that the product is transferred from the factory to the final consumer.
Explanation:
The distribution channels can be classified into:
Consumer goods channels
They are divided into:
Direct channel
It goes from producer to consumer. It is the simplest that exists to distribute consumer goods, as it does not involve intermediaries. Examples: Avon and Amway
Retail Channel
The distribution follows the following scheme: producer-retailer-consumer. It includes all the large supermarket chains and stores. It is the most visible channel for the consumer. Examples: Wal-Mart stores, frequent cars, gas stations.
Wholesale channel
The distribution follows according to the scheme: producer-wholesaler-retailer-consumer. The distribution of medicinal and food products is done using this channel. The goods that are in great demand are distributed through these channels. Examples: travel agencies, small shops in the villages.
Agent/Broker Channel
Follow the following scheme: producer-agent-retailer-consumer. Producers prefer to incorporate intermediary agents to get their products to the retail market. The products are sold to large retail companies. Examples: distribution chains of perishable food and oil.
Double channel
The sale of the product to the consumer is done following the scheme: manufacturer-agent/intermediary-wholesaler-retailer-consumer. Sometimes manufacturers use intermediary agents. These employ wholesalers who sell to large chain stores or small stores. Examples: market franchises and exclusive importers.
Answer:
- 1800
- 500
- Spending multiplier =5 , Tax multiplier =4
- new GDP =2000 , Increase GDP level = 11.11%
- new GDP =1800 , Increase in GDP level = 0%
Explanation:
- Equilibrium GDP = C+I+G+net export
C = private consumption
I = investment
G = government consumption
Net export = export - import
800+400+500+100 = 1800
- Saving at GDP = (GDP-T-C) +(T-G)
(1800-400-800)+(400-500) = 500
- SPENDING MULTIPLIER = 1 / 1 - MPC
= 1 / 1 - 0.8 = 5
TAX MULTIPLIER = MPC / 1 - MPC
= 0.8/1-0.8
=0.8 / 0.20 = 4
- New equilibrium GDP = GDP + 200 = 2000
Increase in GDP level = (NEW GDP - OLD GDP / OLD GDP) *100
(2000-1800) / 1800 = 11.11%
- New Equilibrium GDP = C + I+ G + Net export
(800-200) +400 +(500+200) +100 = 1800
Increase in GDP level = (NEW GDP - OLD GDP / OLD GDP) *100
There is no change in GDP.