Answer:
buyers are relatively comfortable with the quality and performance of substitutes, and the costs to buyers of switching over to the substitutes are low.
Explanation:
Substitute goods are goods that can be used in place of another good.
Factors that increases competitive pressures from substitute products include:
- the switching cost : the lower the cost of switching to substitute good, the higher the competitive pressures from substitute products
- If the demand for the industry product is price sensitive : if demand for the product is price sensitive, a small increase in price would lead to an increase in demand for the substitute good
Answer:
The manufactured overhead was under-estimated.
Explanation:
Giving the following information:
The actual manufacturing overhead costs incurred were $515,000.
Estimated Manufacturing overhead was $500,000.
Overhead allocation is the distribution of indirect costs to produced goods. When the administration has undervalued and under-funded the amount of money needed for non-production costs, they have under-allocated overhead.
<u>Over applied manufacturing overhead:</u>
<u></u>
Applied overhead>Actual overhead
<u>Under applied manufacturing overhead:</u>
Applied overhead<Actual overhead
In this exercise:
Actual manufacturing overhead - Estimated Manufacturing overhead= 515000- 500000= 15000
The manufactured overhead was under-estimated.
Answer:
The correct answer is letter "C": project responsibilities.
Explanation:
The project responsibilities within the <em>project plan</em> imply recruiting the staff that is going to be in charge of developing the set of actions that could lead to the organization's success. It outlines the main functions each one of them will have to achieve the goal and what type of personal and professional profile those people should have.
<span>This is the process of decision-making. This is something considered by everyone from top-level managers down to the first-line employees. Decision-making effects the entire business and allows for the proper courses of action to be undertaken when a challenge is faced.</span>
Answer:
Available-for-Sale Securities (AFS) are security instruments of another company that a company buys intending to sell before it matures or in the case of no maturity, the company intends to hold it for a while.
1. Other Comprehensive Income - Current period holding gains or losses
Available for Sale securities will see their values change as time goes on. The changes in their value have to be reflected in the books but because no money is actually being accrued or lost, this cannot be reflected in the Income statement. The various gains or losses in the current period will be recorded in Other Comprehensive Income.
2. Net Income - Realized gains and losses from the sale of AFS securities
When the AFS is actually sold, the gains or losses accrued will be sent to the Income statement as actual cash has now been accrued from its sale.
3. Accumulated Other Comprehensive Income - Net fair value adjustments to date - net holding gains and losses to date.
While the various gains or losses in the current period will be recorded in Other Comprehensive Income, the accumulated gains or losses over the entire periods the security has been held is reported in the Accumulated Other Comprehensive Income which falls under the Equity section of the Balance sheet
