Answer:
If all the four firms have same net income then RMSP for company C will be 0.30.
Explanation:
The BCG matrix (Boston Consulting group's product portfolio matrix) is used for doing strategic planning for long-term. It looks into how business growth will be possible by looking at portfolio of products and then decides where to invest, or which product to discontinue. It says that if the market share of the product is higher, it would be more beneficial for the company.
In the given problem, all the four companies A,B,C,D have revenues 1,2,3,4 respectively. We calculate Relative market share or RMSP by subtracting a company's market share from 100 to find the percentage it does not control. So, RMSP for Company C would be 0.30.
Answer:
See explanation section
Explanation:
We have to use the function with a fixed cost and a variable cost. Here, the fixed cost is $100, as the bus driver will receive the money daily for driving. $0.20 per kilometer is the variable expense, as increasing the mileage will help to earn more. To draw this in a function, we can get -
Amount of daily pay, P = Fixed cost (f) + Variable cost (v)
p = $200 + 0.20 × k
Answer:
1. Not all future costs are relevant in decision making. Only relevant costs make a difference in decision-making. The future costs that change according to each specific alternative are relevant for the decision process. So, not all future costs are relevant in the decision making process.
2. Incremental cost - Also called differential costs, these costs are the difference in total costs after changing something or adding a new activity. These are relevant costs when evaluating some alternatives.
Opportunity cost - This is the benefit that we miss out when we choose one alternative over another. Although not present in general accounting, this approach is often used by managers.
Sunk cost - These are past costs. This is money that has been spent in the past and cannot be recovered. Thus, these costs are excluded from the decision-making process, as they are omnipresent and are not affected by the decision.
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