In the context of managerial accounting, wages, material costs, and taxes are examples of _____.

1 answer:

4 0

In the context of managerial accounting, wages, material costs, and taxes are examples of operating expenses. Operating costs are the costs associated with incurred in carrying out an organization's day-to-day activities. They are not directly connected with the production process and the product itself.

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3 years ago

If a firm sells a prestige product, what kind of relationship between price and quantity demanded should it expect?.

solmaris [256]

For a firm that sells a prestige product, the relationship between price and quantity demanded is a positive direct relationship.

<h3>Why is the relationship between demand and price of prestige products direct?</h3>

The relationship between the demand and price of prestige products is direct because prestige products tend to sell better at high prices than at low prices.

And when the quantity demanded increases, the price tends to increase.

An example of a prestige product is an old car.

Thus, for a firm that sells a prestige product, the relationship between price and quantity demanded is a positive direct relationship.

Learn more about the demand for prestige products at brainly.com/question/6374886

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It costs Orkid Company $17 of variable costs and $3 of fixed costs to produce its product. The company currently has unused capa

LekaFEV [45]

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When using survey feedback activities: Managers analyze survey data to solve problems Employees do problem solving based on data

ziro4ka [17]

When using survey feedback activities Managers analyze survey data to solve problems

Explanation:

A survey is a tool/technique adopted by management to encourage dialogue among the members of an organization.

When the organization decide to conducts an employee survey, it is basically entering into a social contract with employees to provide feedback.

Feedback is exchanged for management consideration and action.

When employees provide information through survey, they expect that management will listen/hear their input and use the information to solve their problem.

So it is appropriate to say that through survey feedback activities Managers analyze survey data to solve problems

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Free_Kalibri [48]

Answer: The lifetime value of customers.

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The banks are building a business relationship with the young high school students, based on the overall lifetime customer value they predict to obtain from each student. The life time customer value is the financial benefits a business gains from a customer, as a result of the relationship they share overtime.

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