Answer:
Option (C) is correct.
Explanation:
Total weighted score:
= (Labor cost score × Weight) + (currency stability score × Weight) + (proximity to market × Weight)
Weighted score for Site A:
= (80 × 0.40) + (80 × 0.30) + (85 × 0.30)
= 81.5
Weighted score for Site B:
= (80 × 0.40) + (85 × 0.30) + (80 × 0.30)
= 81.5
Weighted score for Site C:
= (75 × 0.40) + (80 × 0.30) + (95 × 0.30)
= 82.5
From the above calculation of weighted score, it can be seen that the weighted score of site C is the highest.
Therefore, Site C should be chosen for the new facility based on the weighted factory location model.
Answer:
diminishing returns,
Explanation:
The law of diminishing marginal returns claims that the returns from the input will first increase at an increasing rate until production reaches an optimal level. After the optimal level, and holding the other factors constant, the returns from the output will start diminishing and eventually turn negative.
Diminishing returns concepts apply in the short term, where only variable inputs can change. For example, in a factory setting, the optimal production capacity is fixed in the short-run. Additional usage of a variable such as labor increase returns until the factor reaches its optimal capital. Additional hiring of labor results in diminishing returns in labor output.
Answer:
A detailed list of the accounts that make up the five financial statement elements.
Explanation:
The company's chart of accounts is the listing of all the accounts that the company has included as part of the five financial statement elements during a specific period of time.
The five financial statement elements are: assets, liabilities, equity (part of the balance sheet), expenses and revenues (part of the income statement).
Examples of accounts that can be part of a firm's chart of accounts are: land (asset), cash (asset), notes payable (liabilities), outstanding stock (equity), operating expenses (expenses), and sales revenue (revenues).
The chart of accounts can differ greatly from company to company simply because companies engage in vastly different economic activities.
This is called s<span>ubstitution in production</span>
Answer: a different product mix, different total profit.
Explanation:
It should be noted that in a situation whereby constraint is binding and a change with regards to the availability that is within the range exist, this will bring about a change in both the product mix and total profit.
With regards to the question, since the machine hour constraint is binding and the original amount of machine hours available is 200 minutes, and the range of feasibility is from 130 minutes to 300 minutes, then it should be noted that the provision of two additional machine hours will result in a different product mix, different total profit.
