Answer:
c. Persistent excess capacity
Explanation:
Cost reduction is a process of reducing expenditure in a planned manner. The process of cost reduction requires continuity of cost analysis. The elements which are not of any use or contribute anything to the factors of the production are eliminated through this process. The elements of cost are examined critically before their elimination.
Answer:
a. $8,200
Explanation:
The same accounting principles would be applied to non-profit entities while recording their assets as applied to other entities.
Non-profit entity would record its assets at fair value same as assets are recorded by other entities.
Answer:
Bad Debt Expense Dr. $28050
Allowance for Uncollectible accounts Cr. $28050
Explanation:
given data
credit sales = $620,000
accounts receivable = $320,000
past due = $55,000
credit balance = $2,600
rate = 7 %
rate = 22 %
solution
so here Not yet past due is = $320,000 - $55,000 -
Not yet past due = $265,000
and
past due = $55,000
so Required provision is
Required provision = $265,000 × 7 % + $55,000 × 22 %
Required provision = $30650
and
Opening balance is $2,600
so
Required expense for year = $30650 - $2,600
Required expense for year = $28050
so here
correct entry is
Bad Debt Expense Dr. $28050
Allowance for Uncollectible accounts Cr. $28050
Answer:
A firm pursuing a strategy based on customization and variety will tend to structure and manage its supply chain to accommodate more _variation__ than a firm pursuing a strategy based on low cost and high volume
Explanation:
The variation of the product means any change which changes the "physical attributes of an item" or the terms in which it is marketed "as altering the colour of a sugar pack. This is achieved by companies to increase their own market share.
Explanation:
<u>a.what happens to the price of coffee beans?</u>
In this case, when there is a phenomenon like a hurricane that destroys half the harvest, the supply of coffee beans consequently decreases, the quantity decreases and the price increases.
<u>b. What happens to the price of a cup of coffee? What happens to the total expenditure on cups of coffee?</u>
When the price of the main input for the production of coffee cups increases and the supply decreases, it appears as an increase in the price of a cup of coffee and a decrease in the amount of coffee cups available on the market.
As they have an inelastic demand, coffee cups with a higher price correspond to an increase in total coffee expenses.
<u>c.What happens to the price of a cup of donuts? What happens to the total expendiure on donuts?</u>
In this case, donuts and coffee are complementary, so when there is an increase in the price of coffee and a decrease in the quantity demanded, there is also a decrease in the demand for donuts. So if the demand for donuts decreases, their price also decreases and the total expenditure on donuts decreases.
