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ivolga24 [154]
3 years ago
5

Power Plate Inc., a consumer electronics manufacturer, introduced a new solar cooker in the market. The team responsible for the

successful launch of the product consisted of product designers, innovators, engineers, marketing professionals, and sales professionals that come from various areas of the organization. This is an example of a(n) ___
Business
1 answer:
Kryger [21]3 years ago
8 0

Answer:

Team which is Cross-functional

Explanation:

Cross-functional team is the term which is defined as the team or a group in which the members of the team have or persist different skills set, and the members all are working towards a objective which is common. It generally involves the people from different departments as well as from all the areas of the business.

For example, budget, marketing outreach and sales, all people in the group have to work together on the projects as they make the company.

So, in this case, team is responsible for the launch of the product that came from different areas of the business together. Therefore, it is an example of cross- functional team.

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Difference between insurance and assurance
Vinil7 [7]
Assurance is to make sure of something and insurance is to keep the security or safety of something 
8 0
4 years ago
Arctic Cat sold Seneca Motor Sports a shipment of snowmobiles. The snowmobiles were delivered on January 1, 2021, and Arctic rec
WITCHER [35]

Answer:

Assume the note indicates that Seneca is to pay Arctic the $39,700 due on the note on December 31, 2021. Prepare the journal entry for Arctic to record the sale on January 1, 2021.

Dr Notes receivable 39,700

    Cr Sales revenue 36,759.26

   Cr Discount on notes receivable 2,940.74

Discount on notes receivable is a contra asset account that decreases the net amount of notes receivable.

Assume the same facts as in requirement 1, and prepare the journal entry for Arctic to record collection of the payment on December 31, 2021.

Dr Cash 39,700

    Cr Notes receivable 36,759.26

    Cr Interest revenue 2,940.74

Assume instead that Seneca is to pay Arctic the $39,700 due on the note on December 31, 2022. Prepare the journal entry for Arctic to record the sale on January 1, 2021.

Dr Notes receivable 39,700

   Cr Sales revenue 34,036.35

   Cr Discount on notes receivable 5,663.65

Discount on notes receivable is a contra asset account that decreases the net amount of notes receivable.

Assume instead that Arctic does not view the time value of money component of this arrangement to be significant, and that the note indicates that Seneca is to pay Arctic the $39,700 due on the note on December 31, 2021. Prepare the journal entry for Arctic to record the sale on January 1, 2021.

Dr Notes receivable 33,900

    Cr Sales revenue 33,900

Explanation:

Non interest bearing notes must be recorded at present value, so we need to determine the present value of the payment:

Payment due December 21, 2021, PV = $39,700 / (1 + 8%) = $36,759.26

Payment due December 21, 2022, PV = $39,700 / (1 + 8%)² = $34,036.35

We use the discount on notes receivable account (contra asset account) to decrease the net value of notes receivable.

8 0
3 years ago
If a ppf has a negative slope and is bowed​ out, we experience​ ________ opportunity costs as we continue to move down and to th
Snowcat [4.5K]

Answer:

Explanation:

Production possibility frontier (ppf) is a graph which shows the existence of opportunity cost of moving from one combination of goods to another . Its slope is always negative and bowing out or downward sloping because opportunity costs always diminish or go down due to law of diminishing marginal return.

4 0
3 years ago
A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 72000 units on hand, t
Lyrx [107]

Answer:

"The budgeted cost of goods sold" for June would be $5,640,000

Explanation:

Sales department budget for June = 220,000  units

Less-Opening balance as on 1st June = 72,000  units

Add-Closing balance as on 30th June = 40,000  units

No of unit manufactured = Sales department budget for June  - Opening balance as on 1st June + Closing balance as on 30th June

= 220,000 - 72,000 + 40,000

= 188,000  units

Cost per unit = $30

Budgeted cost of manufactured = 188,000 × $30 = $5,640,000

4 0
3 years ago
A process with no beginning work in process, completed and transferred out 85500 units during a period and had 49400 units in th
AlekseyPX

Answer:

C. 95380 equivalent units

Explanation:

Equivalent units is the term used for proportionately equally completed units. This is basically used for allocation of overheads.

Here, actually completed that is 100% complete units = 85,500 units

Further units under work in process = 49,400

Which are 20% complete.

This means that incomplete 49,400 units = 49,400 \times 20% = 9,880 units 100% complete

Thus, total equivalent units = 85,500 + 9,880 = 95,380 units.

8 0
4 years ago
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