The competition between Coke and Pepsi is an example of highly elastic demand product. If the price of one of these two will increase, the demand for that product will decrease. This will result to an increase in demand for the other product. Both drinks can quench thirst even though they are marketed differently.
Answer:
B. 33.66 percent
Explanation:
The common-size analysis involves comparing income statement items to revenue while balance sheet items are related to total assets, hence, the inventory account is a balance sheet item that would need to compared to total assets.
Common-size percentage= inventory/total assets.
inventory=$218,000
total assets=$647,700
Common-size percentage=$218,000/$647,700
Common-size percentage=33.66%
Answer:
See below
Explanation:
Given the information above, we will calculate the predetermined overhead rate first.
Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor
= $18,000 / 15,000
= $1.2
Then,
Manufacturing overhead = Predetermined overhead rate × Actual direct labor hours
= $1.2 × 16,000
= $19,200
Then,
Cost records for the period = Manufacturing overhead - Actual manufacturing overhead
= $19,200 - $19,500
= $300 over applied
Answer:
A) True
Explanation:
Expert power is a power people get in the workplace when they are perceived as having a high level of knowledge in a specific topic. This means that any member of the organization that is not necessarily a manager, can have this power if that person has skills that others don't have. People that have this power are respected and employees are more willing to be guided by that person. Because of this, it is true that Farrah has expert power as the employees at Market Industries go to her when they have computer problems because of the perception that she is extremely knowledgeable.
C or B is correct. I would lean towards C, but realistically it could be B.