Answer:
Yes
Explanation:
Yes, this concept is an example of supply and demand. When there is a limited supply of a product like the soft drinks in the vending machines then the price would match the number of people that want to buy the product. If in a very hot day more people want to buy a soft drink to cool down then the supply will begin to decrease as more people buy, this will create an increase in price as people would be ok with paying more money in order to be one of the lucky few to get one of the few soft drinks that are left.
Answer:
a) Net income of $35,800
b) Net income of $45,000
c) Net loss of $23,000
d) Net income of $23,950
Explanation:
Net income is the difference between the revenue and expense.
Where revenue is more than expense, we have a net income otherwise, a net loss.
a) Net income = $71,300 - $35,500
= $35,800
b) Net income = $220,500 - $175,500
= $45,000
c) Net loss = $149,000 - $172,000
= - $23,000
d) Net income = $198,150 - $174,200
= $23,950
Answer:
D.
Explanation:
Process capability means the ability to do a particular work without producing or producing less defects. Is defined as the inherent variability of a characteristic of a product.
It represents the performance of the process over a period of stable operations. A process is said to be capable when the output always conforms to process satisfactions.
It measures the goodness of a process comparing the voice of the process with the voice of the customer.
Process capability analysis helps to determined the ability to manufacture parts within the tolerance limits and engineering values.
Explanation:
LIFO stands for “Last-In, First-Out”. It is a method used for cost flow assumption purposes in the cost of goods sold calculation. The LIFO method assumes that the most recent products added to a company's inventory have been sold first. The costs paid for those recent products are the ones used in the calculation.
Answer:
The correct answer would be option B, Graph.
Explanation:
There are many ways to represent data. Data can be represented in the form of tables, columns, rows, charts, graphs, etc. Out of these, graphs are the easiest way to represent data. Graphs consists of two axis. One is called the horizontal axis and the other is called the vertical axis. Data is written on these axis in relation with each other and then their relation is shown through connecting or separate lines on the graph depending upon the relationship. So in this question, if the colleagues are not able to fully understand the data in fourth paragraph, then the team leader should add a graph to make it simple for the readers and to better understood by them.
