Answer:
Option C
Explanation:
In simple words, The capacity of a country to provide a certain item or service at a lower opportunity expense than its trade rivals is known as comparative advantages. A comparative advantages allows a firm to sell goods as well as services at a cheaper cost than its rivals while maintaining higher profit margins.
Thus, from the above we can conclude that the correct option is C.
Answer:
Richard is trying to understand if his product or service is substitutable.
Explanation:
According to the resource based theory, businesses gain competitive advantages over other businesses in the industry based on the strength of their resources.
For competitive advantage to be sustainable however, such resources must be rare, and not easily imitated or substituted.
Richard is carrying out research on his competitors to find out what they have to offer, to know if his product can be easily substituted or replaced.
Answer: B.it is often impossible to identify with precision where a product is in the product life cycle.
Explanation:
It is very hard to identify for sure where a product is in the life cycle for a myriad of reasons chief amongst them being the lack of sufficient data, external factors influencing data and misalignment with historical data.
Products go through four stages in product life style starting from introduction, growth, maturity and decline and pinpointing exactly where a product is can be affected by the aforementioned factors.
For example, products like natural food or yoghurt might be considered declining then due to renewed interest for whatever reason, they are rejuvenated and go back into a Growth phase.
Or in another example, the data of a product may be based on a stable economic period which does not hold anymore so the sales of the product cannot be expected to be the same and thus it can be wrongfully recategorized.
If you need any clarification do react or comment.
Answer:
$26,247.696
Explanation:
The table is shown below:
Year Opening Balance Deposit Aggregate Interest @6% Total including interest
1 0 $6,000 $6,000 $360 $6,360
2 $6,360 $6,000 $12,360 $741.6 $13,101.6
3 $13101.6 $6,000 $19,101.6 $1,146.096 $20,247.696
4 $20,247.7 $6,000 $26,247.696 $1,574.862 $27,822.55776
Answer:
a- $27,400 (favorable)
b- $50,320 (favorable)
c- 36,950 kg
d- $5.968 per kg
e- $857600
f- $55,800
Explanation:
a- Labor efficiency variance = SP ×(AQ −SQ)
b- Labor rate (price) variance = (AP ×AQ) −(SP ×AQ)
c- Actual kgs. Of material used in November = std. quantity allowed +/- efficiency variance
d- Materials price variance = total materials variance −materials usage variance
then calculate
ctual price per kg. (AP) = Std. price per kg. (SP) −Per unit favorable price variance
e- Total amount of "prime costs" transferred to the finished goods inventory account = Std. manufacturing cost/unit ×#units manufactured
f- Equivalent units in ending WIP Inventory x Standard cost per equivalent units the add the sum for Materials and Labor.