Answer:
Cole should complete the additional work and sell the cabinet for $360.
Explanation:
If Cole sells the cabinet now for $100 and taken into account that he has already spent $180, this means that:
$100-$180= -$80
He would be losing $80.
On the other side, if he completes the additional work, he would sell the cabinet $360. However, his expenses would be:
$180+$200= $380
Now, you have to subtract the costs from the selling price:
$360-$380= -$20
This means that he would lose $20.
According to that, Cole should complete the additional work because he would be lose less money.
Answer:
Predetermined manufacturing overhead rate= $1.961 per direct material dollar
Explanation:
Giving the following information:
At the beginning of a year, a company predicts total direct materials costs of $1,020,000 and total overhead costs of $1,220,000.
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 1,220,000/1,020,000
Predetermined manufacturing overhead rate= $1.961 per direct material dollar
A new service's operational procedures are referred to as its Service Design: Design the processes.
Organizations use service strategy to choose the services to provide and the target markets. When organizing and offering focused services, the objective is to make strategic decisions that will promote long-term success and growth. The marketing strategy of the service sector, as opposed to the manufacturing sector, is focused on providing clients with experiences, procedures, and other intangibles. It also includes giving equal attention to each function. In order to develop a great service plan, a company's roles in selling, marketing, operations, human resources, and other divisions must collaborate effectively.
To learn more about Design Thinking Process here
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Answer:
First, let us correct a mistake, the name is Godfrey and not Odfrey.
The nation that Godfrey would most likely make his trading partner is India.
Explanation:
There are three qualities listed in the question above that India possesses, they are:
1. Democratic Asian Country
2. Economic Growth Potential
3. Large Population of Potential Customers.
1. India is a Federal Republic that is governed in a Democratic Parliamentary system.
2. The economy of India is the fifth largest in the world, with a GDP of $2.94 trillion. Also, India's markets have slowly been opened up through Economic Liberalization. Economic reforms have also helped in making the economy one of the top ten fastest growing economies in the world.
3. The population of India is 1.37 billion, second only to China. With this population, there is a huge potential when it comes to customers for Godfrey's business.
