Answer: The answers are:
1) <em>Engieering change</em> <em>order</em> is <u>a document that initiates a product or process change.
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2) <em>Total cost concept</em> <u>Includes manufacturing costs plus selling and administrative expenses.</u><u>
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3) <em>Variable cost concept</em> = <u>Variable manufacturing costs plus variable selling and administrative costs are included in cost per unit
.</u>
4) <em>Normal selling price</em> is <u>Target selling price to be achieved in the long term
.</u>
5) <em>Setup </em>= <u>Changing tooling when preparing for a new product</u>.
If the demand for milk is relatively inelastic, the discovery will lower both price and total revenues.
Option - b
<u>Explanation:
</u>
Reducing prices to gain sales is a famous advertising tool. This type of situation arises mostly with every day products and services. If the quantity is increased, the demand will be inelastic this will lower both price and total revenue. Total revenue is reduced as price is reduced when demand is inelastic. When demand is inelastic, instead of reducing total revenue it could be hiked by raising price instead of reducing price.
Inelastic demand: In Economics, inelastic demand is even when the price of the product increases or decreases, the purchase rate of the product will be the same.
Hello there!
Answer:
Your answer is C). the dollar buys more pesos. Your hotel room in Mexico will require fewer dollars
Explanation:
The reason why answer choice "C" would be the correct answer is because American currency, USD, would get you a lot of pesos.
Lets give you the exact amount of exchange rate:
1 USD (U.S DOLLAR) = 18.98 PESO
You can see how much 1 U.S dollar could get you in the Mexican currency.
What this means is that the U.S dollar buys more pesos, in which is correct in answer choice "C" Since you could buy more pesos with the U.S dollar, you would only need to use fewer dollars because the exchange rate is so high. The U.S dollar would get you more money in Mexico. This is the reason why answer choice "C" would be correct.
Answer:
Depreciation
Explanation:
Depreciation is the systematic allocation of estimated cost to an asset. Methods include straight line, sum of the year digits, double declining etc. The entries for recognizing this cost are;
Debit depreciation expense
Credit Accumulated depreciation
Hence to account for this decrease in usefulness, the cost of fixed assets is systematically allocated to expense through a process called depreciation.
