Answer
The answer and procedures of the exercise are attached in the images below.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in 2 sheets with the formulas indications.
<span>Marvin, the CEO of his company had taken decisions in the past which did not help in the growth of the company, when compared to other companies in the market.
After 10 years, they have received a non-temporary and highly paid contract. It is advisable for Marvin to choose the requirements of the client in order to build up the company with a high winning ratio.
Marvin should bid on the project so that it will improve the financial rate of the company and also help in employing many people. It might also help in getting new projects in the long run.
The main factors that should be considered by the company are the estimated cost, materials, and manpower.
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Answer:
industry conditions tempt competitors to use price cuts or other competitive weapons to boost unit volume.
Explanation:
Rivalry refers to the competitions that take place among firms in an industry with the aim of capturing greater market share
rivalry is influenced by :
1. barriers to entry :
If barriers to entry is high, there would be few firms competing for customers, so there would less intense rivalry
2. differentiation of goods in the industry :
If goods are differentiated, goods are unique from that of competitors. so there would be less need for intense rivalry
Answer:
Materials 187,230
Conversion 182,200
Explanation:
FIFO method, from the started units we will add the reamining work onthe beginning WIP invnetory and subtract the undone part of the ending WIP inventory
Materials
Started units 176,000
October 1st 27,000 x (1 - 57%) = 11,610
October 31th 20,000 x (1-81%) = (380)
Equivalent Units 187,230
Conversion
Started units 176,000
October 1st 27,000 x (1 - 33%) = 18,000
October 31th 20,000 x (1-41%) = (11,800)
Equivalent Units 182,200
Answer:
Support trading patterns within the group of developed nations
Explanation:
The major aim of the OECD is to improve the economy of the world and promote trade between developed nations. It provides a forum for different government to come together and work for the purpose of finding solutions to problems they have in common. They work with nations that aims to improve their economy and the well-being of its people.