Answer: Create incentives to expand output when resource prices are unresponsive to price-level changes
Explanation:
High price levels indeed create incentives to expand output if resource prices are unresponsive to price changes.
What this means is that, when price levels rise, suppliers tend to take advantage of this rise by producing more if, their INPUTS DON'T increase in price as well.
For example, price of steel goes up by $5 but the price of Iron Ore remains the same.
Suppliers and Producers will produce more steel because they can make a high profit because iron ore prices have not changed.
Answer:
Explanation:
Planning function is the process of establishing goals and arranging them in logical order for the purpose of achieving a desired goal.
Planning is an important aspect of an organization so as to help them achieve their goals faster. It is done at all levels in an organization. Planning is done using the available resources, also achieving a balance between the needs and wants of the organization.
Answer:
Sue should turn it over the to her broker
Explanation:
The agreement between Salesperson Sue customer Bob included a good faith deposit of $5,000 in the form of a check, which Bob has given to Sue. Absent any specific instructions, Sue should turn it over the to her broker should Sue do with Bob's check.
Answer:
Break-even level of monthly sales for Bando is 5,400 units and $264,600
Explanation:
Selling price = $49
variable cost = $21
Contribution margin = Selling price - variable cost = $49 - $21 = $28
Fixed Cost = $151,200
Break even point = Fixed cost / contribution margin = $151,200 / 28 = 5,400 units
Break even point i $ = 5,400 x 49 = $264,600
Answer:
The best measure of fair value is what the good or service could be sold for on a standalone basis (standalone selling price).
Explanation:
A performance obligation can be defined as a promise made in a contractual agreement by a seller or service provider to provide goods and services to a customer. This obligation exists only if a customer can benefit from the goods or services provided.
Allocating a transaction price to multiple performance obligations includes;
The best measure of fair value is what the good or service could be sold for on a standalone basis (standalone selling price).