Given Information:
The company that you manage has invested $5 million in developing a new product, but the development is not quite finished. At a recent meeting, your salespeople report that the introduction of competing products has reduced the expected sales of your new product to $2 million. If it would cost $1 million to finish development and make the product, should you go ahead and do so? What is the most that you should pay to complete the development?
Answer:
Yes, because the total loss would then be $3 million rather than $5 million. The most you should pay to complete the development would be $2 million.
Explanation:
Every product or service that is marketed or is related against, and competitive with, a product or service created or produced by Fiserv or manufactured or distributed. Competitive Product or Service
In the end demand for the product declines due to the exhaustion of supply and economies and new technologies and shifts in the preferences of the customer.
The projected benefit generated by the new product must be offset by the profits from expenses in the project appraisal.
Answer:
Organizational Behavior Specialist
Explanation:
Based on the information provided within the question in regards to the situation, it seems that they should get an Organizational Behavior Specialist to work with the warring executives separately to solve the problem. These specialists analyze, assess, and provide advise to the company on how to solve a problem or improve performance and efficiency within the company.
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Answer: Please see answers in explanation column
Explanation:
Accounts title and explanation Debit Credit
Sales returns and allowances $121,200
Sales refund payable $121,200
Calculation
Expected Sales returns and allowances = sales x expected percentage
= 2,020,000 x 6%= $121,200
Accounts title and explanation Debit Credit
Inventory returns estimated $72,600
Cost of goods sold $72,600
Calculation
expected Cost of goods sold = Cost of goods soldx expected percentage
= 1,210,000 x6%=$72,600
Answer: unit of account
Explanation:
The unit of account is function of money which refers to the standard monetary unit of measurement of a good or service.
Since oil is priced consistently in United States dollars around the world, this means that dollars is the standard monetary unit of measurement and is therefore, the unit of account.
