Answer:
$25
Explanation:
Data provided in the question:
Initial cost of each hat = $15
Initial number of hats sold = 80
3 less hats will be sold for every $1 increase in price
Thus,
For at least 50 hats to be sold, the store manager can increase the price such that maximum 30 less hats are sold
Therefore,
maximum increase in price = Maximum number of less hats ÷ Number of hats sold less for $1 increase
= 30 ÷ 3
= $10
The prices that the manager can predict that at least 50 hats will be sold will be
= $15 + $10
= $25
Answer:
managers are able to make quick decisions that can save your company money. By empowering your managers, you trust their instincts and abilities, because you know they understand the daily work process better than you do.
Explanation:
Answer:
A normative statement is one that makes a value judgment. Such a judgment is the opinion of the speaker; no one can prove that the statement is or is not correct
Explanation:
Answer:
Option (b) is correct.
Explanation:
In 2010,
Real GDP = 600,000
Population = 5,000
Real GDP per person:
= Real GDP ÷ Population
= 600,000 ÷ 5,000
= 120
In 2011,
Real GDP = 636,480
Population = 5,200
Real GDP per person:
= Real GDP ÷ Population
= 636,480 ÷ 5,200
= 122.4
Growth rate of real GDP per person during the year 2011:
= [(Real GDP per person in 2011 - Real GDP per person in 2010) ÷ Real GDP per person in 2010] × 100
= [(122.4 - 120) ÷ 120] × 100
= (2.4 ÷ 120) × 100
= 0.02 × 100
= 2%
It was seen from the data available on the world bank that the United states real GDP per person is growing at an average rate of 2% between 1910 and 2010.
Hence, the Growth rate of real GDP per person during the year 2011 is about the same as average U.S. growth over the last one-hundred years.
Answer:
The process cost summary is given below.
A-Total Material Cost = $22,500
B-Total Conversion costs = $95,625 (45,625+50,000)
C-Units transferred out = 40,000
D-Ending Inventory = 10,000
E-Equivalent units of material = 45,000
F-Equivalent units of conversion costs = 42,500
G-Equivalent cost per unit of material = $0.5 (A/E)
H-Equivalent cost per unit of conversion costs = $ 2.25 (B/F)
I-Equivalent cost per unit = $2.75 (G+H)
J-Cost of inventory transferred = $ 110,000 (I*C)
K-Cost Of Ending Inventory = $ 8,125 (H*(F-C) + (5000*0.5))
