Answer:
Conversion costs= $488,000
Explanation:
Giving the following information:
depreciation expense - factory building, $133,000
direct labor, $250,000
factory utilities, $105,000
<u>The conversion costs are the sum of direct labor and manufacturing overhead.</u>
<u></u>
Manufacturing overhead= 133,000 + 105,000= 238,000
Direct labor= 250,000
Conversion costs= $488,000
Answer:
The correct answer is b. False
Explanation:
The selling cycle is a 7 steps approach:
- prospecting,
- pre-approach,
- approach,
- presentation,
- meeting objections,
- closing the sale,
- and follow-up.
The pre-approach only occurs once in the cycle.
Answer:
The correct to answer to the following question is option A) Tacit collusion .
Explanation:
Tacit collusion ( which is also know as price leadership ) can be defined as the situation where a dominant firm in the market will set a price and other firms in the market would accept those changes in the price. Here the dominant firm usually sets high price, such that the firms who are least cost efficient would also be able to earn some return.
Answer:
D. Krispy Kreme and Dunkin' Donuts will both choose a price of $0.85.
Explanation:
DD - Dunkin' Donuts
KK - Krispy Kreme
If DD choose price to be $1.25, KK will choose price to be $0.85 because it gives them profit of $975 among $850 / $975
If DD choose price to be $0.85, KK will choose price to be $0.85 because it gives them profit of $650 among $250 / $650
Thus, KK have a dominant strategy to choose price = $0.85 no matter what DD choose.
If KK choose price to be $1.25, DD will choose price to be $0.85 because it gives them profit of $975 among $850 / $975
If KK choose price to be $0.85, DD will choose price to be $0.85 because it gives them profit of $650 among $250 / $650
Thus, DD have a dominant strategy to choose price = $0.85 no matter what KK choose.
Both firms have a dominant strategy of choosing price = $0.85 which creates a Nash equilibrium.
Full Disclosure basically means that they are going to share all the information of an event that has happened. You should make these into separate questions and you may get quicker answers, because unfortunately I am unable to help you with all of them.
