Answer:
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Explanation:
Implementing plans where functional managers will be held responsible for cost overruns against their original estimate possess both advantages and disadvantages :
The advantages include:
1) Efficient use of Resources : A functional manager could be explained as the head or a person who has managerial authority over a department within a business organization. As such the functional manager will be able to monitor more effectively and take control of his unit. Holding them responsible for cost overruns will ensure that they are more cautious when it comes to resource and cost management as they will not want to be sanctioned.
11) ACCOUNTABILITY: It increases the sense of responsibility of the functional managers as they are being held fully responsible for the decisions made within their unit. This places a higher burden of showing sincerity on the managers.
The disadvantage associated with the plan is the possibility of producing low quality products resulting from the economical and cautious approach embarked upon in other to prevent cost overrun, materials used may be lesser quality than expected.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
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Price discrimination is the action of selling the same product at different prices to different buyers, in order to maximize sales and profits. Movie theaters practice it by giving discounts on certain night. Example: senior citizens discount. Restaurants practice price discrimination by menu pricing.
The price of the stock 19 years from now would be the present value of all the dividends to be paid starting year 20. Here, to compute the PV of the dividends, we can use the PV of perpetuity formula as the dividends will be paid for the infinite period of time.
Value of the stock after 19 years = Dividend year 20/ required return
= $20 / 0.0725
= $275.86
Most fluorescent lamps with energy savings ballasts, compact fluorescent lamps (cfls), leds, and halogen lamps meet high-efficacy requirements, but conventional incandescent lamps do not.
An electric light with a wire filament that has been heated until it glows is called an incandescent light bulb. To prevent oxidation, the filament is encased in a glass bulb with a vacuum or inert gas. Light is produced by incandescent bulbs by heating a metallic filament. Light is produced via gas discharge, or exciting the gas, in fluorescent lamps. More electricity is used by incandescent bulbs. For the same rating, fluorescent bulbs use less electricity.
To know more about incandescent light here
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