Answer:
4. is most likely to result in the expected level of profit when demand is inelastic within the range of possible prices.
Explanation:
Average cost pricing is most likely to result in the expected level of profit when demand is inelastic within the range of possible prices. The average cost pricing rule is a pricing strategy that regulators impose on certain businesses to limit the price they are able to charge consumers for its products/services equal to the costs necessary to create the product/service. This implies that businesses will set the unit price of a product relatively close to the average cost needed to produce it.
Answer:
maturing
Explanation:
Based on the information provided within the question it can be said that Max Electronics is most likely in the maturing product stage of the product life cycle. This is the stage where the company uses techniques to mass produce a product and where foreign demand begins to rapidly increase leading to foreign competition arising. Which seems to be exactly what is happening with Max Electronic's Wireless Speakers.
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Answer: c. Is a more convenient location to hold the trail
Explanation:
Eduardo appeals changing the loaction for the trail to Georgia from Florida because he finds it more convenient with the case holding in Georgia than Florida, this could be due to the fact that he might have factors in Georgia that would favour him if the trial is been done there.
Answer: The manufacturing overhead over applied by $6,600.
Explanation:
Given that,
Manufacturing Overhead from last year’s books at Sharp Manufacturing:
(b) 22,600
(c) 26,600
(d) 157,200
(e) 213,000
Actual manufacturing overhead = b + c + d
= 22,600 + 26,600 + 157,200
= $206,400
Manufacturing Overhead applied = e = $213,000
Manufacturing overhead applied is $213,000 but actual manufacturing overhead is $206,400
Hence,
Manufacturing overhead over applied by:
= Manufacturing Overhead applied - Actual manufacturing overhead
= $213,000 - $206,400
= $6,600
Therefore, the manufacturing overhead over applied by $6,600.
Informal or indigenous bookkeeping system is defined as the system where a user makes only one entry to enter a business financial transaction. This is regarded as a “single
entry system”. The type of services they rovide include a daily summary of cash receipts and a monthly record of
receipts and expenses.
