The example of an extension economy of scale is Bulk buying.
Explanation:
- economies of scale are the main cost whose advantages are for the enterprises that obtain due to their scale of operation, which is measured by the amount of output produced by the company with cost per unit of output resulting in decreasing with increasing scale.
- Economies of scale apply to a vast variety of organizational and business situations and at multiple areas, such as a production, the plant or an entire enterprise.
- Another source of scale economies is the possibility of purchasing inputs at a lower cost per unit, when they are purchased in large quantities.
- Managerial economies of scale occur when large firms are able to afford specialists. They manage i an effective manner, particular areas of the company.
- Economies of Scale refer to the cost advantage that us experienced by a firm when it increases its level of output.
- The advantage of the huge buying arises due to the inverse relationship between per-unit fixed cost and the quantity produced. The greater the quantity of output produced, the lower the per-unit fixed cost.
Answer:
C. mechanistic
Explanation:
Based on this, it would appear that Mark works for a mechanistic organization
In the project charter, the Purpose best describes the project provides justification for it.
The purpose is a detailed document which covers the following areas:
1. Reason to undertake the project
2. Project benefits
3. Objectives of the project
4. Problems and constraints of the project
5. Main stakeholders
6. Budget and budget spending authorities
7. A Risk matrix
8. Solutions
9. Items of scope
Overall, the document provides a detailed picture to a project manager.
Answer:
Please refer the journal entries below
Explanation:
Trade Discount:
There is no accounting entry for the trade discount, trade discount is simply deducted from the total amount and the entry is passed after incorporating the trade discount
1) Audrey’s Antiques
Since Audrey’s Antiques have taken the services amounting more than $1,000, they are eligible for the trade discount of 12% i.e. ( 12% of $1,900) = $228, hence Income will be recorded at ($1,900 - $228) = $ 1,672
Advertising Fee Receivable Debit $ 1,672
Advertising Fee Income Credit $ 1,672
2) Michael’s Motors
Since Michael’s Motors have taken the services amounting less than $1,000, they are not eligible for the trade discount of 12%
Advertising Fee Receivable Debit $ 540
Advertising Fee Income Credit $ 540
