Explanation: Make-goods are free adjustments or credits given in lieu of an advertising mistake or under-delivery. It could be given in form of having a free advertising time.

3 0

4 years ago

Read 2 more answers

ts sold ...................................................................................................... 10,000 9,000 Sale

gogolik [260]

Answer:

Sales Price Variance is $ 4,500 Adverse

Sales Volume Variance is $ 12,000 Unfavorable

Explanation:

The difference between the standard and actual selling price, multiplied with actual number of units sold, is known as sale price variance

The difference between the standard and actual number of units sold, multiplied with standard price is Known as Sales volume variance

Budgeted Actual

Units Sale price Total Units Sale price Total

10,000 $12.00 $120,000 9000 11.50 103,500

Sales Price Variance = (Standard price - Actual Price) x Actual Sales

= (12 - 11.5) x 9000

= $ 4,500 Adverse

Sales Volume Variance = ( Standard units - Actual units) x Standard Price

=(10,000 - 9000) x 12

= $ 12,000 Unfavorable

6 0

3 years ago

The theory of _____, developed by Michael Porter, focuses on the importance of country factors, in addition to factor endowments

Lynna [10]

Answer:

The correct answer is letter "D": national competitive advantage.

Explanation:

American Professor Michael Porter (born in 1947) proposed the National Competitive Advantage Theory to give an idea of why some countries achieve success in determined industries compared to others. The theory, in other words, aims to explain nations' competitive advantage and the path to reach it.

Also known as Porter's Diamond Model, the factors Porter based his concept on are <em>firm strategies, structure and rivalry; related industries; demand conditions; </em>and<em>, factor conditions.</em>

7 0

3 years ago

Red Builders agrees to construct a new building for Blue Co. for a total contract price of $6,000,000. The estimated constructio

Evgesh-ka [11]

Answer: $300,000

Explanation:

Total expected costs = cost incurred to date + estimated cost to complete

= 1,200,000 + 3,600,000

= 4,800,000

$Percentage of completion=\frac{Cost\ incurred\ to\ date}{Total\ expected\ cost}\times 100$

$Percentage of completion=\frac{1,200,000}{4,800,000}\times 100$

= 0.25

= 25%

Profit = contract revenue - Total expected costs

= $6,000,000 - 4,800,000

= $1,200,000

Cumulative gross profit = Profit × Percentage of completion

= $1,200,000 × 0.25

= $300,000

Therefore, Red Builders should have recognized profit at the end of year 1 in the amount of $300,000.

4 0

4 years ago