A product is made by a company and can be purchased by a consumer in exchange for money while brands are built through consumer perceptions, expectations, and experiences with all products or services under a brand umbrella.
<span> each model relies on a number of guess/nference or basic factors that are present in all decision situations </span>
Answer:
Option (a) is correct.
Explanation:
Given that,
Completed units during June = 65,000 units
Ending inventory units = 7,000 units
Beginning inventory units = 4,000 units
Number of material equivalent units of production in the June 30:
= Completed units during June + Ending inventory units - Beginning inventory units
= 65,000 units + 7,000 units - 4,000 units
= 68,000 units
Therefore, the number of material equivalent units of production is 68,000 units.
Answer: Alternation Ranking
Explanation: In Alternation Ranking employees are rated by choosing the best and then the worst employee, and then repeating the process until all employees have been rated. This method is effective in determining worker's performance using comparison with other workers in the company.
Answer:
c. $36,070
Explanation:
contribution margin ratio is the ratio of the contribution to sales of an entity for a given period.
contribution margin ratio= contribution/sales
where contribution is the difference between sales and the variable cost
Given;
sales = $137,000
contribution margin ratio = 61% = 0.61
0.61 = contribution/$137,000
contribution = $137,000 × 0.61
= $83,570
Net operating income is the difference between the contribution and the fixed cost.
Fixed cost = $47,500
Net operating income = $83,570 - $47,500
= $36,070
