Venture opportunity screening is a business term which means the evaluation or the assessment of an entity in the business perspective in terms of its potential to generat<span>e income and grow commercially. The index of assessment also includes current and future financial performance when placed in the current context. </span>
One part of the microenvironment that may influence the
retail management decisions is technologies. It is because a microenvironment
is considered to be a factor in which affects the performance of a certain
decision. And that the retail management decision always focuses more on
certain factors that would likely affect the choices of their consumers such as
stores, internet or even technologies.
Answer:
E) Assuring that the company is profitable
Explanation:
Accounting processes are not meant to ensure that a company is profitable or not, they are meant to report the actual state of a company, not the desired one. If the company is profitable, then accounting should report that, if the company is losing money, then accounting should report that instead.
Accounting information system (AIS) documentation refers to the process by which accounting and financial data flows are traced.
Answer:
C. consumers maximize their utility.
Explanation:
Maximizing the utility is only possible if the consumer can get maximum satisfaction out of every penny spent on the product. Consumer allocates their money so that they get a return on every allocated money. The condition for maximizing the utility is that a consumer equalizes the marginal utility per dollar spent. Therefore, there is an old saying "getting the biggest bang for your buck".
Answer:
The factory overhead allocated per unit of Blinks is b.$19.50
Explanation:
It is Important to note that Ramapo Company uses a single plantwide overhead rate to apply all factory overhead costs based on direct labor hours.
A plant Wide Overhead rate is a function of the Total Overheads of a Company divided by the Total Labor Hours in the Company
<u>Total Overheads:</u>
Fabrication Department $84,000
Assembly Department $72,000
Total $156,000
<u>Total Labor Hours :</u>
Fabrication Department 0
Assembly Department ( 1,000 × 4) + (2,000×2) 8,000
Total 8,000
Note : <em>labor hours take place only in the Assembly Department</em>
<u>Plantwide overhead rate :</u>
Plantwide overhead rate = Total Overheads / Total Labor Hours
= $156,000 / 8,000
= $ 19.50
