Answer: The answer is "mechanistic".
Your firm has a "<em><u>mechanistic"</u></em> structure.
Explanation: The mechanistic organization, emphasizes the rules and tries to imitate the standardized operation of a machine. In this type of organization people have little autonomy and there is no room to improvise. Thus, the adoption of the chain of command principle allows the existence of a hierarchy of formal authority, where each person is controlled and supervised by a single superior.
Organizations that follow this model tend to be impersonal, rigid, and regulated.
Answer:
A 12.5%
Explanation:
Given that:
Contribution margin = 40%
Sales = $312,500
Net operating income = $25,000
Average operating assets = $200,000
The formula for return on investment is
= Net operating income ÷ Average operating assets
= $25,000 ÷ $200,000
= 12.5%
Therefore, the company's net return on investment is 12.5%
In a "Free market" system, supply and demand forces affect the production and consumption decisions. There is little to no price control in such a system.
The first blank could also be "perfectly competitive" or "market efficient" system. The second blank can also be "deadweight loss". This means that producers are price takers, not price makers, and that the quantity produced and the equilibrium price of goods are determined by the free market. Usually this implies a very large number of firms producing identical products, with no collusion among them.
Answer:
C. Negative; Positive
Explanation:
If soda and sandwiches are complementary goods, then the cross price elasticity between them is negative. Negative cross price elasticity indicates that an increase in the price of soda would result in a fall in the quantity demand for sandwiches. On the other hand, a decrease in the price of soda would result in an increase in the quantity demanded for sandwiches.
If yogurt and sandwiches are substitute goods which means that yogart can be used in place of sandwiches or sandwiches can be used in place of yogurt. The cross price elasticity between the substitute goods is positive. Positive cross price elasticity indicates that an increase in the price of yogurt would result in an increase in the quantity demanded for sandwiches. On the other hand, a decrease in the price of yogurt would result in a fall in the quantity demanded for sandwiches.
Answer:
Order size= $57.61 per machine hour
Explanation:
Giving the following information:
Order size:
Estimated total overhead= $581,866
Estimated total machine hours= 10,100
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Order size= 581,866 / 10,100
Order size= $57.61 per machine hour
