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Murrr4er [49]
3 years ago
11

An office management firm has developed a system for efficiently organizing small medical and dental practices both through prop

rietary software and through unique training programs for staff. It has recently acquired a firm specializing in providing management services for veterinary practices. The office management firm is hoping to: a. achieve financial economies through an unrelated acquisition. b. implement vertical integration. c. achieve economies of scope. d. acquire specialized talent from the veterinary management company.
Business
2 answers:
Olegator [25]3 years ago
6 0

Answer:

The answer is option C.  achieve economies of scope.

Explanation:

An Economies of scope is a  proportionate saving gained by producing two or more distinct goods, when the cost of doing so is less than that of producing each separately.  

Based on the scenario portrayed in the question, the office management firm is hoping to achieve economies of scope.

aksik [14]3 years ago
6 0

Answer: C. Achieve economies of Scope.

Explanation: Developing efficient methods of reducing manufacturing and marginal cost through methods of engaging in the production of similar goods or rendering similar services rather than producing or rendering these services separately. In the scenario above, the management firm aims to efficiently organize it's services into a more compact space through a robust software program and developing skill set of it's staffs. These will enable them provide various related medical practices at a time rather than having different people or software applications to handle them. These move offers a cost effective solution to a firms spending, increases efficiency and drives revenue.

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Imperial Jewelers manufactures and sells a gold bracelet for $403.00. The company’s accounting system says that the unit product
AysviL [449]

Answer:

a) Financial advantage   <u> $2,208 </u>

b) The company should accept the special order, as it will increase its profit by $2,208

Explanation:

<em>The relevant costs for decision to accept the special order are  </em>

<em>I Incremental Revenue from the special order  </em>

<em>2. incremental variable cost </em>

<em>3. The cost of the special tool</em>

Unit variable cost = 143 + 90 + 8 + 7 = $240

<em>Note that that the increase in material cost of $8 and the variable manufacturing overhead of $7 are relevant to the special order decision. Hence they are added.</em>

<em>And the balance of manufacturing overhead would be incurred either way. Therefore , they are not relevant for the decision</em>

                                                                                                       $

Sales revenue from special order

(22× $361.00)                                                                               7942

Variable cost of special order

(22× $240 )                                                                                    (5280 )

Cost of special tool                                                                      <u> (454)</u>

Financial advantage                                                                    <u> 2,208 </u>

The company should accept the special order, as it will increase its profit by $2,208

3 0
3 years ago
Amount Financed (m) = $500 Number of Payments per year (y) = 12 Number of Payments (n) = 12 APR (I) = 17% c = $
sergejj [24]
Hi there!

The answer to your problem is c = $46.04

Your friend, ASIAX
7 0
3 years ago
The Country Music Hall of Fame is considering increasing admission prices to increase gross revenue. If the price of admission r
Kitty [74]

Answer:

1

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded / percentage change in price

Percentage change in quantity demanded = (30/20) - 1 = 0.5 = 50%

Percentage change in price = (1500 / 3000) - 1 = 0.5 = 50%

50% / 50% = 1

I hope my answer helps you

3 0
3 years ago
arasota Company obtained land by issuing 3,380 shares of its $12 par value common stock. The land was recently appraised at $146
likoan [24]

Answer:

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Explanation:

Arasota Company Journal entry

Dr Land $146,440

Cr Common stock (3,380 shares×$12 par value) $40,560

Cr Paid in Capital in excess of Par common stock $105,880

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