Goods a and b are substitute goods.
<h3>What are S
ubstitute goods?</h3>
Substitute goods are goods with similar characteristics that enables consumers or producers use them in place of one other in either the production or consumption process. An example of substitute goods are black pens and blue pens.
if the price of one of the goods in the substitute pair increases, the demand for the substitute increases and if the price of one of the substitute good reduces, the demand for the substitute increases. Thus, there is a positive relationship between the price of one of the substitute pairs and the demand for the other substitute pair, all things being equal.
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Answer:
A) unit sales price 288.88
B) unit sales price 260.5
Explanation:
B)
return of 25% in a 1,000,000 investment: 250,000
fixed cost per unit + variable cost + required return
5,000,000/500,000 + 250 + 250,000/500,000 =
10 + 250 + 0.5 = 260.5
A)
10% of sales as return:
fixed cost + variable + 10% of sales = Sales
10 + 250 + 0.1 S = S
260 = 0.9S
260/0.9 = S = 288,88
Answer:
Hard to change ; No digital skills among staff
Explanation:
Traditional ad / marketing agencies are the agencies promoting brands through offline ways. Eg : Banners, Pamphlets etc
Digital Marketing agencies are agencies promoting through online ways. Eg : E mail marketing, Social media marketing etc.
Digital Marketing needs more technical expertise than traditional, conventional marketing. So, traditional marketers & their staff face adaptability issues in adapting to the new technically upgraded marketing approaches. Such because their team & staff members have low techno - digital skills, are accustomed to conventional marketing practices.
Answer:
B. debit to WIP inventory
Explanation:
The journal entry to record the usage of direct material in production is
Work in Process Inventory Dr.
To Raw Material Inventory
(Raw materials consumed recorded)
Raw material inventory is an asset. It's consumption should reduce it's balance. A debit increases an asset's balance while a credit reduces it's balance.
Work in process, like raw material is an inventory account i.e an asset. A debit increases their balance whereas a credit reduces it.
Here, raw materials i.e direct material have been issued for production, which would reduce their balance and increase the balance of work in process as finished goods are yet to be made.
Answers:
The correct answer is 1. a) is the initial plan of what the company intends to accomplish in the period and evolves from both the operating and financing decisions. 2. d. budgeted income statement.
Explanation:
To begin with, a budget is an estimate of the expected results of a specific area in a given period, mainly one year. For its part, the master budget is a plan that covers all areas of the company, and can be adjusted depending on the situations or events that influence the achievement of results. This tool allows a projection of the expected returns taking into account a previous base and the current situation of the sector in which it is located, which is why it is important because it allows drawing a road map for the benefit of all collaborators.