Answer:
Explanation:
<em>Classification of activities as value-added or non-non-value-added of Rich Novelty Company:-
</em>
(a) Machine setup - non-value-added
(b) Design engineering - value-added
(c) storing inventory - non-value-added
(d) Moving work in process - non-value-added
(e) Inspecting and testing - non-value-added
(f) Painting and packing - value-added
Notes:-
1. Value--added activities of a company processes that increase the observed value of a product or service to customers.
2. Non-value-added activities of a company processes that decrease the observation value its product or service.
Answer:
The long and complex chain involved farming, ginning, spinning, weaving, and stitching.
Explanation:
Base on the scenario been described in the question, the statement that best or accurately describes IKEA's supply chain is the long and complex chain involved farming, ginning, spinning, weaving, and stitching.
Answer:
$78,000
Explanation:
The computation of interest at year end is shown below:-
Interest at year end = Cash contribution + Income of partnership + Share of partnership liabilities - Cash from the partnership
= $50,000 + $20,000 × 50% + $60,000 × 50% - $12,000
= $90,000 + $10,000 + $30,000 - $12,000
= $78,000
Therefore for computing the partnership interest at year end we simply applied the above formula by considering all the items given in the question
Answer:
If the price elasticity of demand (PED) is -0.5, and the price increases by 1%, the quantity demanded will decrease by 0.5%.
If the initial price was 5 and it rises by 1, it means that this price change represents a 20% increase. A 20% increase in price will result in a 10% decrease in quantity demanded. If 10% of quantity demanded = 5 units, total demand = (5 x 10) - 5 = 45 units.
