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Shalnov [3]
3 years ago
10

When the Toyota Prius first entered the marketplace, dealers kept waiting lists of people wanting one and the factories had to r

amp up production and order more raw materials. Increased factory product indicates derived demand.True / False.
Business
1 answer:
slavikrds [6]3 years ago
3 0
<h3>Increased factory product indicates derived demand is True statement. </h3>

Explanation:

The dealers kept waiting lists of people wanting Toyota Prius, so ordering more raw materials required to ramp up production is a clear example of derived demand.

Derived demand is an economic term that describes the demand for a certain good or service arising from a demand for similar, necessary goods or services.  

Derived demand represents the association between the demand of customers for the output of a company and the purchase by the company of the required inputs for the production or assembly of that particular output.

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LenKa [72]
Answer: D

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7 0
3 years ago
How can you estimate the total sales volume you can expect in your location?
kirill115 [55]

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4 0
3 years ago
Financial statement data at December 31 for Ecco Company are as follows: Cost of goods sold $552,500 Inventories: Beginning of y
nikitadnepr [17]

Answer:

b.112.3 days

Explanation:

The computation of the number of days' sales in inventory for the year is shown below:

Day inventory outstanding = {(Beginning inventory + ending inventory) ÷ 2}÷ cost of goods sold × number of days in a year

= {($200,000 + $140,000) ÷ 2} ÷ ($552,500) × 365 days

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= 112.3 days

7 0
3 years ago
Bretthauer Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of July. Prio
skad [1K]

Answer:

a) Manufacturing overhead applied to Work in Process for the month was $70,000

Explanation:

Data provided in the question

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So according to the given data, the manufacturing overhead should be applied to the work in process with the total credit amount i.e $70,000

Hence, the first option is correct

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