Answer: a. No, because Clarissa didn't meet all the requirements of the offer,
Explanation:
With regards to the information provided in the question, the offer won't be accepted because Clarissa didn't meet all the requirements of the offer.
Since Calvin told Clarissa that she can only accept the offer by mailing the money to arrive by September 2 at his university mailbox but the money eventually arrives in the mailbox by August 30th, although Calvin doesn't retrieve his mail alongside the payment until September 4th.
Answer:
Price elasticity
Explanation:
The company needs to check that the elasticity of demand is such that a decrease in the price would result in increase in the demand for the cars and trucks. Only when the demand is elastic, a cut in price would result in increase in demand for cars.
Here we can recall the concept of price elasticity which measures the responsiveness of change in demand of a commodity (in our case cars and trucks) due to change in the price of that commodity.
Ed= % change in quantity demanded / % change in price â¦.(1)
= (â²Q/Q)*100 / (â²P/P)*100
Here â²P refers to change that is difference between the price before cut and price after cut; similarly â²Q refers to change in quantity demanded for cars and trucks before price cut and after the price cut.
After simplification, we get
= (â²Q/â²P) (P/Q)
We can clearly notice in the formula (1) that if 1 % change in the price of car results in more than 1 % change in the demand for cars, the price cut is justifiable and profitable for the company and will lead to increase in the revenues for the company.
Answer:
b. Beginning work in process
Explanation:
Work in process (WIP) doesn't form part of the flow of manufacturing activities.
The flow of manufacturing activities include the following format:
Opening raw materials
+ Raw materials Purchases
Raw materials available for use in production
- Ending Raw Materials Inventory
Raw Materials Used in Production
<em>For manufacturing activities an entity will have the opening raw material to be used in production and will include more raw material purchased during the period which will total as the raw materials available for use in production. Through out the manufacturing activities the raw material available for use is utilized and any quantity that remains (i.e closing inventory) is subtracted to get raw material used in production, which also represents the cost of material used in the calculation of cost of goods sold (COGS). </em>
Answer:
Option 2, laying off some workforce will have the lowest initial cost.
Explanation:
In option 1 if an organization is going to replace existing equipment with the new machines there is a definitely high cost involved in it because we do know that modern and newer machines costs more.
In option 3, if we go for lower-grade quality, we may face lost sales, or sales return which will add up to our cost.
However, if we go for option 2. there is no upfront cost involved in this decision but rather our cost is saved.
Thus the organization must opt for the 2nd option in order to find the lowest initial cost.