The cost of goods manufactured at stereo corp. in the year 2017 is $285,000.
What is Manufacturing?
Manufacturing is the process of <u>turning raw materials or sections into finished goods using tools, human labour, machinery, and chemical products.</u>
Manufacturing enables companies to sell finished goods at a price higher than the cost of the materials used. Huge manufacturing allows for the mass production of goods using assembly line procedures and sophisticated technology as core assets. Manufacturing techniques that are efficient allow manufacturers to start taking advantage of scale economies of scale, generating more units at the a lower cost. Manufacturing is a vital and significant component of the economy. It entails the transformation of raw materials such as <u>ore, timber, and food </u>into finished goods such as <u>metal goods, soft furnishings, and processed foods.</u>
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Answer:
Generally a minor cannot be held responsible for any contracts that they sign unless they involve basic necessities, e.g. food, clothes, shelter. But in this case, Robertson ratified the contract when he was already an adult (I guess he was an adult when he graduated as a dentist or during the next three years). Once Robertson ratified the contract, he cannot disaffirm it anymore.
Answer:
moot
Explanation:
If a case is settled prior to trial for any cash, we say that the lawsuit is now subject to debate, and it is commonly known as moot. In several law schools across the globe, students are taught how to deal with moot. However, it is not very easy to give a ruling concerning moot, this is because there is little or no practical evidence. It is at sometimes referred to as moot court.
Answer: The Implications of this behavior to the corporation would be detrimental to their operations because as an institution they are not declaring their expenses on staff-(Vacation) from being entered into
the financial books for proper accounting purposes.
While the behavior of the MD shows that he has been praticising sharp practices with the company resources for a while and he should be ask to step down.
Answer:
The answer is: the equilibrium quantity is larger than the socially optimal quantity.
Explanation:
In order for the equilibrium quantity and the socially optimal quantity to be equal, the government subsidy should have been equal to the positive externality created by the flu shots ($8). Since the government subsidy is larger, $11, then the equilibrium quantity will be higher (more flu shots supplied because of high subsidy).
