Considering your program options is STEP TWO of the planning process.
The planning process is made up of five steps, which are:
1. determine your personal goals
2.consider your program options
3. Set SMART goals; that is, let your goals be specific, measurable, attainable, realistic and timely
4.Structure your program and document it
5. Keep a log and evaluate your program.
The price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.
Using this formula
Midsized automobile price = Marginal Cost (3×Elasticity) / 1 + (3 × Elasticity)
Let plug in the formula
Midsized automobile price = $11,000 (3× -1.2) / 1 + (3× -1.2)
Midsized automobile price = $14,000 × -4.8/ -3.8
Midsized automobile price = $14,000 × 1.384615
Midsized automobile price = $15,230.765
Midsized automobile price =$15,230.77 (Approximately)
Inconclusion the price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.
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Answer:
The ratio of net income distribution
= $20,000: $30,000
= 2:3
Explanation:
The ratio of income distribution is the ratio of capital contributed by each partner. A contributes $20,000 while B contributes $30,000. The ratio of net income distribution is 2:3.
Answer:
Part a
Debit : Raw material $4,200
Credit : Accounts Payable $4,200
Part b
Debit : Salaries $18,000
Credit : Salaries Payable $18,000
Part c
Debit : Factory utilities $2,200
Debit : Factory Insurance $1,800
Debit : Depreciation $3,500
Credit : Overheads $7,500
Explanation:
The journal entries for each type of manufacturing cost have been prepared above.
Answer: c. only final goods to avoid double counting when including intermediate goods
Explanation:
The Gross Domestic Product (GDP) is an economic measure that aims to quantify the strength of an economy by checking it's Economic Activity.
When Calculating GDP, the FINAL value of goods and services produced WITHIN a country are the only amounts included to avoid Double Counting of products.
For example, if in making a television, the company making the TV bought electrical parts for $100 and the LED screen for $50 with labour costs of $50 and then sold it to a store for $300 that then sells the Television at $500, $500 is the amount that is included in GDP calculation. None of those other figures will be added again because they are already implicitly included in the final $500.
