A Cross-functional team will be formed when a writer, an illustrator, a publisher and an agent work together.
<h3>What is a
Cross-functional team?</h3>
This means the groups of people from various departments in an organization that work together to achieve a common goal.
Hence, when writer, an illustrator, a publisher and an agent work together, this is known as a Cross-functional team.
Therefore, the Option B is correct.
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Answer: The correct answer is "B. current costs plus cost of beginning Work-in-Process Inventory".
Explanation: The weighted average method of process costing takes into account the costs of the initial inventory since this method calculates the unit cost of the units by means of the number of units and the total cost of them. Therefore the weighted average will drag the costs of the initial inventory.
Answer:
The minimum selling price = $23
Explanation:
The minimum selling price to be acceptable for the special order be the same as the relevant variable cost of producing a unit.
The relevant variable cost = marginal cost of a unit
Marginal cost = Direct material + Direct labour + Variable manufacturing overhead + shipping cost
Marginal cost = 9+ 7 + (50%× 8) + 3= 23
The minimum selling price = $23
Note : The 50% balance of manufacturing overhead which represents unavoidable fixed costs is irrelevant for this decision. These are costs that would be incurred either way whether or not the special order is accepted.
When making decisions about what safety systems should be required in cars or airplanes, the Environmental Protection Agency will only approve rules where the estimated cost per life saved is $3 million or less.
<h3>What is Environmental Protection Agency?</h3>
Environmental protection issues are handled by the Environmental Protection Agency, an autonomous executive agency of the US federal government.
Main function of Environmental Protection Agency are-
- The Environmental Protection Agency develops and implements environmental legislation, funds and conducts research, and guards against serious health threats to people and the environment.
- Pollution prevention, commonly referred to as "source reduction".
- Risk assessment and risk reduction, which entails determining the problems that represent the biggest threats to the environment and human health and then taking steps to mitigate those threats.
- Science, Research, and Technology, which entails work to create cutting-edge technologies to address environmental issues.
- Regulatory Development, which entails creating guidelines for industrial facilities' operations, such as guidelines for effluent discharge under the authority of the Clean Water Act and guidelines for air emissions of pollutants under the authority of the Clean Air Act; and
- Environmental Education, which entails creating environmental awareness campaigns.
To know more about the Environmental Protection Agency, here
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Answer:
option 2
Explanation:
to determine the better option, calculate the present value of option 2. The more suitable option is the option with the higher present value
Present value is the sum of discounted cash flows
Present value = future value / ( 1 + r)^n
r = interest rate
n = number of years
6500 / ( 1.08^3) = 5159.91
the present value of option 2 is higher than that of option 1,, so pick option 2