Answer: $527,000
Explanation:
Salaries to authors = $347,000
Fees to contracted editors = $180,000
Copyrights obtained = $83,000
Purchase of a new printing warehouse = 1.3 million
Upgrade of current printing equipment = $560,000
McKinney Enterprises expense will be:
= Salaries to authors + Fees to contracted editors
= $347,000 + $180,000
= $527,000
Answer: Environmental scanning; Technological
Explanation:
Environmental scanning involves the gathering of information about the factors external to a firm in order understand how they affect the operations of such firm. The goal of environmental scanning is to help management make informed decisions by analyzing the workings of factors outside their control.
The owner of Green Goddess Lawncare Inc. is analyzing the technological environment since the cause of the environmental scanning is a new-product development and how it seeks to affect his business.
<span>The type of budget that budgets standard costs for the actual volume of production is a flexible budget. In addition, a flexible budget is a specific kind of budget wherein it is heavily dependednt to the actual volume of an activity. In contrary to a static budget, it is considered to be more dynamic.</span>
Answer: Option B
Explanation: Operating cycle refers to the time period taken by the firm to produce the commodity , then sell it and receive the cash.
In case of physical commodities, it takes time for a firm to procure raw materials and produce the goods also the payments from the debtors take time as the amount involved is high.
On the other hand the service company do not need to procure any raw material and services are provided not produced. Therefore, the operating cycle of service company is smaller than the manufacturing company.
To learn how to exploit its own valuable/rare resources would a firm currently experiencing competitive parity be able to gain sustained competitive.
In order for a company to maintain a lasting competitive edge, it must have control over a group of exploit resources that meet four essential criteria. These resources need to be: (1) priceless; (2) uncommon; (3) imperfectly imitable (hard to replicate); and (4) non-replaceable. A business offers the goods and services that customers want by utilizing its resources and capabilities. It creates a cost or differentiation advantage when a company employs them properly to make a product at the lowest cost and with more features.
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