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3 years ago

Describe standardization format wars and how standardization can lead to a format war

1 answer:

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Standardization is the process of making and maintaining standards that can be given to companies, educational organization and so on. Standardization is an important aspect that would help in produce the products in more compatible way.
Format Wars is the conflict to bring the management technical standard in all the markets. The future and the survival of the organization may depend on the format wars, Since these both are associated with the development of the organization, standardization can lead to format wars as one is about getting the standards to the company and the other is to maintain the standard of the company.

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When a negative externality exists, the private market produces?

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The private market will produce more than the economically efficient output level. Also when there is a negative externality then the cost to producers will be less than the cost to society. Remember that a negative externality is a cost that is suffered by a third party as a result of an economic transaction. Also have in mins that externalities lead to market failure because the price equilibrium does not reflect the true costs and benefits of a product.

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4 years ago

The obligations of the business to its creditors are called liabilities A. True B. False

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Answer:

A. True because a liability is what you owe

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3 years ago

Joint products are:

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Answer:

The correct answer is option A.

Explanation:

Joint products are those products are manufactured through the same process using common inputs and are somewhat equal in value.

they cannot be produced separately.

For instance cream, butter and cheese are joint products made from milk.

Gasoline, kerosene and fuel oil are joint products made from crude oil.

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3 years ago

Which one of the following is not true concerning socializing in the workplace? A. Socializing can keep you from reaching y

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The correct answer is D. Socializing can actually increase productivity. Although socializing outside of work can be productive for the work itself later on, socializing in the workplace can deter you from working and can ultimately be bad for the company. If you're always running around form office to office having fun and not working you're not doing your company a favor.

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3 years ago

Culver Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from operat

lana66690 [7]

Answer:

Income after discontinuing operations from both departments 1 and 2 is greateri.e. $ 207 444 than income after discontinuing operations from department 1 . i.e. $ 172964

Explanation:

Option 1:

If the 1st division is discontinued. 50 % of the fixed costs and expenses will continue and included in irrelevant costs.

Culver Company

Income Statement

For the 1st Quarter 2017

Division II III IV Irrelevant Costs

Sales $198,000 $499,000 $446,000

Cost of G. Sold 191,000 298,000 254,000

V. COGS 90 % 80 % 74 %

V.COGS 171,900 238,400 187960

FIxed COGs 19,100 59600 66,040 30690

Selling &

Administrative Exps 63,000 63,000 46,000

Var. S& Admin Exps. 62% 52% 58%

Var. S& Admin Exps. 39060 32760 26,680

Fixed S.& Admin Exps 23940 30240 19320 24346

Income (loss) $ (56,000) $138,000 $146,000

Total Income = $ (56,000)+$138,000+$146,000-30690- 24346

Total Income= $ 172964

Option 2:

If both the 1st and 2nd division are discontinued. 50 % of the fixed costs and expenses are added under the section II.

Culver Company

Income Statement

For the 1st Quarter 2017

Division II III IV Irrelevant Costs

Sales $499,000 $446,000

Cost of G. Sold 298,000 254,000

V. COGS 80 % 74 %

V.COGS 238,400 187960

FIxed COGs 9,550 59600 66,040 30690

Selling &

Administrative Exps 63,000 46,000

Var. S& Admin Exps. 52% 58%

Var. S& Admin Exps. 32760 26,680

Fixed S.& Admin Exps 11970 30240 19320 24346

Income (loss) $138,000 $146,000

Total Income = $138,000+$146,000-30690- 24346- 9,550 - 11970

Total Income= $ 207 444

We calculate the fixed and variable costs by multiplying with the given percentages and subtracting it from the total .

Culver Company

Income Statement

For the 1st Quarter 2017

Division I II III IV

Sales $250,000 $198,000 $499,000 $446,000

Cost of G. Sold 198,000 191,000 298,000 254,000

V. COGS 69 % 90 % 80 % 74 %

V.COGS 136,620 171,900 238,400 187960

FIxed COGs 61,380 19,100 59600 66,040

Selling &

Administrative Exps 74,900 63,000 63,000 46,000

Var. S& Admin Exps. 41% 62% 52% 58%

Var. S& Admin Exps. 30,709 39060 32760 26,680

Fixed S.& Admin Exps 48691 23940 30240 19320

Income (loss) $ (22,900) $ (56,000) $138,000 $146,000

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4 years ago