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svet-max [94.6K]
3 years ago
6

BigBox and CheapStore are the only two firms in a market. Each firm must decide whether to price high or price low. The payoffs

from each strategy combination are shown to the right long dash in millions of dollars. The first number in each pair is​ BigBox's profit; the second is​ CheapStore's profit. For​ BigBox, the dominant strategy in this game is to ▼
Business
1 answer:
Papessa [141]3 years ago
8 0

I would need to see the chart but if BigBox has more, it would be they are the dominant, and same for CheapStore. basically, whoever has more revenue (money production) will have the dominant strategy.

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Echo Sound Company just began business and made the following four inventory purchases in June: June 1 150 units $ 780 June 10 2
blsea [12.9K]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

June 1: $780/150 units= $5.2 per unit

June 10: $1,170/200 units= $5.85 per unit

June 15: $1,260/200= $6.3 per unit

June 28: $990/150= $6.6 per units

A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand.

Units sold= total units - ending inventory

Units sold= (150 + 200 + 200 + 150) - 210= 490 units

<u>The method with the lowest cost of goods sold will have the highest income:</u>

FIFO (first-in, first-out):

COGS= 150*5.2 + 200*5.85 + 140*6.3= $2,832

LIFO /last-in, first-out)

COGS= 150*6.6 + 200*6.3 + 140*5.85= $3,069

Weighted-average:

Weighted-average price= (5.2 + 5.85 + 6.3 + 6.6)/4= 5.99

COGS= 490*5.99= $2,935.1

The inventory method that will provide the highest gross profit is FIFO.

4 0
3 years ago
Roberta is a customer service representative at a car rental company. Read the passage. Which actions might lead to increased cu
pochemuha

Answer:

Training

Explanation:

Learning within a workgroup is the only way to improve performance. An outstanding representative as Roberta needs to transfer her skills to the rest of the team. One strategy to accomplish that is naming her as responsible for on-board training for the new teamates.

Another strategy is to use surveys after the calls to know what are the opinions of clients regarding services. It allows to identify improvement opportunities.

3 0
3 years ago
Match each value with its type.
lozanna [386]

<u>Answer: </u>

The following are the values with their correct matches

Pays medical bills - Liability coverage.

Pays damages to your car - Collision coverage.

Pays damages to the other car - Pays 0% damages to the other car.

<u>Explanation: </u>

  • Medical expenses are termed as a liability coverage because they certainly cannot be ignored as one cannot choose to risk his health.
  • The payment done for the repairing of a car damaged due to collision is termed as collision coverage.
  • One would choose to not spend on the repairing of the other car when one car is in good condition.
7 0
3 years ago
Read 2 more answers
Distributive, procedural, and interactional are
Jet001 [13]

Answer:

Organizational justice

Explanation:

Organizational justice concerns employees' understanding of fairness, results, and processes within a company. Distributive, procedural, and interactional are the three types of organizational justice that companies must embrace in order to have happy and productive employees.

4 0
3 years ago
Match each term with the best definition given blow. Note: Not all definitions will be used.
Virty [35]

Answer:

1. Allocation Base

Definition: A measure that causes or influences the incurrence of a cost.

2. Direct Labor Time

Definition: A source document that shows how a worker spent time each week.

3. Ticket Indirect Costs

Definition: Costs not easily traceable to producing a product, job or service.

4. Job Coat Shoot

Definition: A detailed record of costs incurred to complete a specific job.

5. Job Order Costing

Definition: An accounting system used by companies that offer customized or unique products or services.

6. Materials Requisition Form

Definition: A form that lists the quantity of direct materials to be used in a job.

7. Overapplied Overhead

Definition: The amount of actual overhead is less than the applied overhead.

8. Underapplied Overhead

Definition: The amount of actual overhead is greater than the applied overhead.

9. Predetermined Overhead

Definition: Estimated manufacturing overhead divided by estimated cost driver.

10. Rate Process Costing

Definition: An accounting system used by companies to make standardized or homogeneous products or services.

3 0
3 years ago
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