<span>In
the technological sector a new product start its live as a prototype, then the
enterprise use various consumer test panel to see the reaction of the
potential costumers in real time environments
and check how the prototype behaves. With the information gathered
from the costumers tests panels the company can make adjustments
<span>improve the prototype
based on the feedback of the people that actually used it and release
a better final version of the product.</span></span>
Answer: Upper level manager
Explanation: The important decisions regarding the direction of operations of an organisation is made by the upper level management. These includes the CEO, CFO etc of the organisation.
In the given case, Francois has been continuously analyzing the market environment for potential opportunities and threats. Thus, Francois will be responsible for future operations decision making of the organisation.
Hence, we can conclude that Francois belongs to the upper level management of the organisation.
Answer:
The average return of the project is 15%
paybakc 6.67 years
Explanation:
Sean should divide the anual profit over the project cost ot get the average return
30,000 / 200,000 = 0.15
0.15 = 15%
Sean may also want to know the payback period:
so we do investment / income:
200,000 / 30,000 = 6.67
The firm will recover the cost of 200,000 after 6.67 years
Answer:
Correcting Entry
March 8 Dr. Cr.
Supplies $664
Equipment $600
Account Payable $64
Explanation:
Entry Should be
March 8 Dr. Cr.
Supplies $664
Account Payable $664
Entry Recorded
March 8 Dr. Cr.
Equipment $600
Account Payable $600
Firs error is amount recorded as $600 rather $664 and the second is account of equipment debited rather the account of Supplies Inventory.
Answer:
$31.00
Explanation:
Calculation to determine what The total standard cost of Vaughn's product is
Using this formula
Total standard cost of product=(Material Standard rate per pound × pounds of material) + (Labor standard rate per hour × labor hours) + (Standard overhead rate x labor hours)
Let plug in the formula
Total standard cost of product=[($4 × 5) + ($5 × 1.0)]+ ($6 × 1.0)
Total standard cost of product=($20+$5)+$6
Total standard cost of product= $25.00 +$6
Total standard cost of product= $31.00
Therefore The total standard cost of Vaughn's product is $31.00
