Answer:
Explanation:
Pizza quantity Change = 60-50 = 10
Income change = $12000 - $10000 = $2000
Mid point of Quantity of Pizza = (50+60)/2 = 55
Mid point of income = ($12000 + $10000)/2 = $11000
Income elasticity = 10*11,000/2000*55 = 110,000/110,000=1
Pizza is a unit elastic normal good, because percentage change in income = % change in pizza quantity
Answer:
The correct answer is boundaries and constraints.
Explanation:
One of the proposals offered by The Theory of Restrictions is to focus on the point to be improved and then we can move on to the definition of every day; a chain is as strong as the weakest link; Following this philosophy we must find what is the weakest link in a process in a company and improve at that point, remember that the speed of a process will always be the slowest process, creating a restriction in the process that can appear in any area of the organization.
The management model in conventional companies is directed at cost control. The Theory of Constraints teaches us that we must change the approach, we should not direct our efforts in cost control, but rather in generating money. To generate money you have to work with the client and depending on the client, but for that to happen we must prepare the company to be able to respond to that client, for this reason we must prepare operational models that are agile, flexible, capable of responding to constant and changing requirements.
Answer:
a. $11
b. $35
c. If the transferring division does not have excess capacity,this would mean that some units that could have been sold externally would be transferred internally and this creates an opportunity cost. Opportunity costs increase the transfer price.However no opportunity cost exist if transferring division has excess capacity and hence a lower transfer price.
Explanation:
The minimum acceptable price is the price that is acceptable to the transferring division and out of a range of acceptable prices, it is that which would be the best for the company.
When there is excess capacity.
Note : No opportunity costs would exist.
Minimum acceptable price = Variable Cost - Internal Savings + Opportunity Cost
= $11
When there is excess capacity.
Note : Opportunity costs would exist.
Minimum acceptable price = Variable Cost - Internal Savings + Opportunity Cost
= $11 + ($35 - $11 )
= $35
Why Capacity of transferring division (Small Motor Division) has an effect on the transfer price.
If the transferring division does not have excess capacity,this would mean that some units that could have been sold externally would be transferred internally and this creates an opportunity cost. Opportunity costs increase the transfer price.However no opportunity cost exist if transferring division has excess capacity and hence a lower transfer price.
Answer:
Debit : Cash $22,950
Credit : Common Stock $22,950
Explanation:
When shares were held sorely for investment, on date of sale, we simply record the cash proceeds and no gain on sale of shares is recognized.
Therefore, Cash Proceeds = $51 x 450 shares = $22,950
Answer:
<h2>The answer,in this case would be <u>Graphic Rating Scale or Likert Scale</u>.</h2>
Explanation:
- In a statistical research study,rating scale or likert scale is used indicate the intensity of magnitude of any variable or phenomenon related to the concerned research topic.
- Rating scale or likert scale is commonly used in statistical research methods such as surveys or questionnaire where various options are presented to the respondents or participants and a corresponding numerical value associated with each response options.
- The response options are scaled or ranked numerically according to the intensity or magnitude of the variable or the phenomenon which is included in the survey or questionnaire question.
- In this instance,the subordinate performance has been scaled or ranked on a rating or likert scale from 1 to 7 which represent the numerical values associated with each rank or scale.
