Answer:
A blue ocean strategy successfully combines differentiation and cost-leadership activities using value innovation. It focuses on creating additional demand and grabbing market opportunities.
The four key questions are:
- Eliminate: what factors that this company takes for granted can and should be eliminated to foster value innovation.?
- Reduce: what industry factors can be reduced?
- Raise: what industry factors should be increased?
- Create: which factors should we created that have never been offered by our competitors?
Because it is very easy to spend money that you do not have by using a credit card. Most think they can pay it off the following month, but that rarely happens.
Answer:
$210,000 and $1,200,000
Explanation:
The computation is shown below:
Given that
Ending Balance in retained earnings = $990,000
Net income = $350,000
Dividend paid in 2021 is
= 40% of net income
= 40% of $350,000
= $140,000
So, the Addition to retained earning is
= Net income - dividends
= $350,000 - $140,000
= $210,000
Now the ending balance in retained earnings is
= Beginning balance in retained earnings + addition to retained earnings
= $990,000 + $210,000
= $1,200,000
Answer: Option C
Explanation:
A. In the above case the statement stating superiority of cookware is stated by the experts themselves thus it cannot be considered an assumption.
B. The above case clearly states that the magazine generates revenues from advertising thus it is not an assumption made, actually its a fact stated in the case that magazine will do so.
C. Nothing has been stats about the perspective of the cookware company as they might find the magazine unsuitable as there would be commercials for their competitors. Thus, we can say that it is an assumption.
Answer: The manufacturing overhead over applied by $6,600.
Explanation:
Given that,
Manufacturing Overhead from last year’s books at Sharp Manufacturing:
(b) 22,600
(c) 26,600
(d) 157,200
(e) 213,000
Actual manufacturing overhead = b + c + d
= 22,600 + 26,600 + 157,200
= $206,400
Manufacturing Overhead applied = e = $213,000
Manufacturing overhead applied is $213,000 but actual manufacturing overhead is $206,400
Hence,
Manufacturing overhead over applied by:
= Manufacturing Overhead applied - Actual manufacturing overhead
= $213,000 - $206,400
= $6,600
Therefore, the manufacturing overhead over applied by $6,600.
