Answer:
1. Direct Materials: C) Paper
2. Direct Labor: A) Artist's wages
3. Indirect materials: G) Glue for envelopes <em>(this is asuming there isn't a direct association between glue, envelopes and greeting cards - which is the case that one envelope can be used for 1 card or 2+ cards indistinctly- and/or 1 glue can be used for more than 1 envelope)</em>
4. Indirect labor: B) Wages of materials warehouse workers; E) Manufacturing plant manager's salary
5. Other manufacturing overhead: D) Depreciation on manufacturing equipment; F) Property taxes on manufacturing plant
A firm maximizes its profitability when it<u> "configures its internal operations to support the position selected by it on the efficiency frontier".</u>
In economics, profit maximization is the short run or long run process by which a firm may decide the value, information, and yield levels that prompt the best benefit.
The general guideline is that the firm maximizes profit by delivering that amount of yield where negligible income breaks even with peripheral expense. The profit maximization issue can likewise be drawn closer from the information side.
Answer:
something of value must be given by party.
Explanation:
In the contract agreements, the term consideration means something of value offered by one part in exchange for other goods, services, or promises. In most cases, consideration is in monetary form, although money is not the only valuable item acceptable as consideration. Consideration is the benefit that one enjoys by fulfilling their obligation in a contract.
For contacts to be valid, there must be a consideration. Only lawful valuable can be considered as consideration.
Answer:
I used an excel spreadsheet to calculate this:
the least squares regression line:
y = a + bx
y = $2,752 + 3.87x
where y = total cash wash costs and x = rental returns
fixed costs = $2,752 per month
variable cost = $3.87 per car washed
