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3 years ago

Refers to the work processes associated with shortening the time of delivering a product or service

1 answer:

7 0

The term that is being described above is EXPEDITING. From the term itself, expedite means to a process of making something happen sooner or immediately. When it comes to business, expediting is a term that refers to the management of purchases wherein the products are being delivered and arrived in a timely fashion while maintaining its quality.

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Last year, you set aside an advertising budget of $5,000 to place ads in different newspapers, social media platforms, and the l

aleksandrvk [35]

Based on the discount offered and the cost of advertising, your budget variance is <u>$500 </u>and it is a <u>surplus</u>.

<h3>How much do you spend on advertising?</h3>

You need to advertise for 6 months which means that you will pay for two three-month advertising seasons.

The first season will cost $2,000 because of the discount and the second season will cost $2,500. Total cost is:

= 2,000 + 2,500

= $4,500

<h3>What is the Budget surplus?</h3>

= Budget - Amount spent

= 5,000 - 4,500

= $500

Find out more on budget variance at brainly.com/question/25625268.

8 0

3 years ago

6. If the price elasticity of supply is 1.2, and a price increase led to a 5% increase in quantity supplied, then the price incr

PolarNik [594]

Answer:

Price increase is about 4.2%

Explanation:

Price Elasticity of Supply (PES) is a measure of the responsiveness of the quantity of a particular good/service supplied to a change in price.

The price elasticity of supply is mathematically the ratio of the percentage change in quantity supplied to the percentage change in price.

$PES = \frac{\%\ change\ in\ quantity}{\%\ change\ in\ price} \\where\\PES= 1.2\\\% change\ in\ quantity = 5\%\\\%\ change\ in\ price = ???\\\therefore 1.2 = \frac{5}{\%\ change\ in\ price}\\ \%\ change\ in\ price = \frac{5}{1.2} \\\%\ change\ in\ price = 4.16\%$

5 0

3 years ago

PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below fo

Colt1911 [192]

Answer:

Total Variable cost is $9 per unit

Varibale cost of Utilities is $0.5 per unit

Varibale cost of Maintainance $0.3 per unit

Explanation:

First calculate Fixed and Variable cost separately.

Fixed costs = Property taxes + Supervisory Salaries + Depreciation + Fixed utilities cost + Fixed Maintenance costs

Fixed Cost = $1,280 + 2,304 + $3,072 + $384 + $256 = $7,296

Variable costs to produce 3,840 units = Direct materials + Direct labor + Indirect labor

Variable costs to produce 3,840 units = $9,600 + $19,200 + $5,760 = $34,560

Variable cost per unit = Total Variable cost / Number of units

Variable cost per unit = $34,560 / 3,840 = $9 per unit

Variable cost portion of mixed cost= Total cost – Fixed portion

Utilities

Variable cost = $2,304 – $384 = $1,920

Variable cost per unit = $1,920 / 3,840 units = $0.5 per unit

Maintainance

Variable cost = $1,408 – $256 = $1,152

Variable cost per unit = $1,152 / 3,840 units = $0.3 per unit

5 0

4 years ago

True or False: If Jake's Fire Engines were a competitive firm instead and $75,000 were the market price for an engine, decreasin

nirvana33 [79]

Answer:

False

Explanation:

If Jake decides to increase total sales volume by decreasing the price of its engines, the decrease in price is too large compared to the increase in quantity demanded. The number of engines sold will increase from 5 to 6 (1 more unit) while the price of each engine will decrease from $75,000 to $50,000.

In this scenario, engines are price inelastic:

PED = % change in quantity demanded / % change in price = [(6 - 5) / 5] / [($50,000 - $75,000) / $75,000] = (1 / 5) / ($25,000 / $75,000) = 0.2 / 0.33 = 0.6

when PED is less than 1, the demand is inelastic. This means that a decrease in price will result in a smaller proportional increase in quantity demanded.

3 0

3 years ago

At work, great employees:

makkiz [27]

Answer:

I think the most likely answer is choice B: "do their best to get along with difficult co-workers."

Explanation:

8 0

2 years ago