Answer:
a. How much time would it take the two to complete the project if they divide the calculations equally and the slides equally? Briefly discuss.
Brian: 5 hours for PowerPoint and 5 hours for the calculations, total 10 hours.
Debbie: 10 hours for PowerPoint and 6 hours for the calculations, total 16 hours.
In total they would spend 26 hours combined.
If they divide the work equally, they will spend too much time.
b. How much time would it take the two to complete the project if they use comparative advantage and specialize in calculating or preparing slides? Briefly discuss
Brian will spend 10 hours doing PowerPoint slides and Debbie will spend 12 hours doping calculations. Total time spent 22 hours. By specializing they will save 4 hours.
c. If Brian and Debbie have the same opportunity cost of $5 per hour, is there a better solution than for each to specialize in calculating or preparing slides? Briefly discuss
Yes, Debbie could pay $50 to Brian so that he does everything in 20 hours. That way they can save 2 more hours.
No they instead transition into a culinary school
Answer:financial accounting, managerial accounting
Explanation:
Answer:
We can conclude that they implement the product and service differentiation strategy.
Explanation:
The product and service differentiation strategy is a marketing strategy that consists of increasing consumer perception and satisfaction through products and services that are different from the competition, whether through design, added benefits, etc. Differentiation helps a company to become more competitive in a homogeneous market and increases brand value and consumer loyalty.
Answer:
$810,000
Explanation:
incremental revenues = 20,000 x $13 = $260,000
incremental direct materials costs = 20,000 x $2 = ($40,000)
incremental direct labor costs = 20,000 x $4 = ($80,000)
additional overhead costs = $200,000 x 15% = ($30,000)
additional administrative expenses = ($86,000)
incremental net income = $24,000
combined net income = incremental net income + regular net income = $24,000 + $786,000 = $810,000
