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forsale [732]
3 years ago
6

In control theory, how many control systems are in place to work against our tendencies to deviate?

Business
1 answer:
lutik1710 [3]3 years ago
7 0
<span>Two systems are in place, inner and outer control systems. Inner controls consist of our personal morality and our general codes of ethics. Outer controls, on the other hand, are the people in our lives (family, friends, authority figures) who place indirect pressure on people as a way of keeping them in line.</span>
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Suppose that, in an attempt to raise more revenue, Anywhere State University increases its tuition. Will this necessarily result
Akimi4 [234]

Answer:

1. That will not necessarily result in more revenue because it depends on the price elasticity of demand for the schools tuition fees

Explanation:

Suppose that, in an attempt to raise more revenue, Anywhere State University increases its tuition.

1. That will not necessarily result in more revenue because it depends on the price elasticity of demand for the schools tuition fees

2. Under the conditions that price is in-elastic, revenue will rise,

Under the conditions that price is elastic, revenue will fall,

Depending on the mix of reaction, if there is a 50% elasticity and 50% in-elasticity, revenue may remain the same.

3. Explain this process, focusing on the relationship between the increased revenue from students enrolling at ASU despite the higher tuition

<em>This would mean that schooling at ASU has an inelastic demand as earlier stated.</em>

4. Explain the process of  lost revenue from possible lower enrollment.

<em>This would mean that schooling at ASU has an elastic demand as earlier stated.</em>

5. If the true price elasticity were -1.1, what would you suggest the university do to expand revenue?

<em>Above unitary elasticity implies that the demand for the school is very elastic i.e. revenue will fall with increase in tuition fees</em>

<em />

6. If I were the president of ASU, I would tackle this problem <em>based on what I have learned about price elasticity by reducing tuition fees a little to increase revenue much more since the price elasticity is above 1.</em>

<em />

6 0
3 years ago
Beamish Incorporated, which produces a single product, has provided the following data for its most recent month of operations:
Dvinal [7]

Answer:

Absorption costing unit product cost $240

Explanation:

The computation of the absorption costing unit product cost is shown below/;

Direct materials $131  

Direct labor $65  

Variable manufacturing overhead $12

Fixed manufacturing overhead cost $32 ($118,400 ÷ 3,700)

Absorption costing unit product cost $240

3 0
2 years ago
Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to
gregori [183]

Answer:

See solution below

Explanation:

• Predetermined overhead rate for Department D

= Estimated Manufacturing overhead / Estimated Direct labor cost

Manufacturing overhead = 990,000

Direct labor cost = 1,237,500

= (990,000/1,237,500) × 100

= 0.8 × 100

= 80%

• Predetermined overhead rate for department E

= Estimated Manufacturing overheads/Estimated Direct labor hours

Manufacturing overheads = 1,750,000

Direct labor hours = 125,000

= 1,750,000/125,000

= $14 per labor hour

• Predetermined overhead rate for department K

= Estimated Manufacturing overheads/Estimated Machine hours

Manufacturing overheads = 1,080,000

Machine hours = 120,000

= 1,080,000/120,000

= $9 per machine hour

5 0
3 years ago
Do the methods below use Cash Flows or Operating Income
KatRina [158]

Answer: c

Explanation:

8 0
3 years ago
Dave Matthew Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump su
Sedaia [141]

Answer:

$78,199

Explanation:

If the market price of common stock is $165 per stock, then selling 500 common stocks should = $82,500

If the market price of preferred stock is $230 per preferred stock, then selling 100 preferred stocks should = $23,000

If we add both we would get $105,500. If we want to allocate the proceeds proportionally according to their market prices:

common stocks = ($82,500 / $105,500) x $100,000 = $78,199

preferred stocks = ($23,000 / $105,500) x $100,000 = $21,801

the journal entries should be:

  • Dr Cash account 78,199
  • Cr Common Stock account 5,000
  • Cr Capital Paid-in Excess of Par Value (Common Stock) account 73,199

  • Dr Cash account 21,801
  • Cr Common Stock account 10,000
  • Cr Capital Paid-in Excess of Par Value (Preferred Stock) account 11,801

3 0
3 years ago
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