Answer:
b. experience curve
Explanation:
The Experience curve is the curve that shows the representation of the opposite relationship that lies between the total value added and the cost that company experience in the manufacturing and marketing
Therefore as per the given options the option B is correct as it fits to the current situation
Hence, the correct option is b.
Answer:
D. Krispy Kreme and Dunkin' Donuts will both choose a price of $0.85.
Explanation:
DD - Dunkin' Donuts
KK - Krispy Kreme
If DD choose price to be $1.25, KK will choose price to be $0.85 because it gives them profit of $975 among $850 / $975
If DD choose price to be $0.85, KK will choose price to be $0.85 because it gives them profit of $650 among $250 / $650
Thus, KK have a dominant strategy to choose price = $0.85 no matter what DD choose.
If KK choose price to be $1.25, DD will choose price to be $0.85 because it gives them profit of $975 among $850 / $975
If KK choose price to be $0.85, DD will choose price to be $0.85 because it gives them profit of $650 among $250 / $650
Thus, DD have a dominant strategy to choose price = $0.85 no matter what KK choose.
Both firms have a dominant strategy of choosing price = $0.85 which creates a Nash equilibrium.
Answer:
discount; 1.8%
Explanation:
Calculation for the forward rate using this formula
forward rate=(F/S) - 1
Let plug in the formula
forward rate= ($1.60/$1.63) - 1
forward rate= -1.8 percent.
Therefore The forward DISCOUNT is 1.8 percent.
Answer:
$117,000
Explanation:
All costs incurred in manufacturing a product are recorded in the Work in Process Account. The Debit entry on this Account shows the increase in costs and the credit entry shows the transfer of goods to Finished Goods Inventory
So the Work In Process Account must be debited with the Total labor Cost incurred of $117,000 ($106,000 direct labor + $11,000 indirect labor)
Conclusion :
The proper journal entry to record these events would include a debit to Work in Process for $117,000
Answer: Option D
Explanation: In simple words, benchmarking refers to the process in which the company sets the standards of performance based on the industry averages or from the performance of their competitors.
The benchmarking is done for the future reference so that the actual results could be compared with the set standards and the performance of the managers could be evaluated.
Hence from the above we can conclude that the correct option is D.
