The free-rider problem a<span>rises when people realize they will still receive the benefits of a good whether they pay for it or not.</span>
Answer:
$38.45
Explanation:
The computation of the predetermined overhead rate is shown below:
= Estimated variable manufacturing overhead per machine hour + estimated fixed manufacturing overhead per machine hour
where,
Estimated variable manufacturing overhead = $10.75
Estimated fixed manufacturing overhead is
= $648,180 ÷ 23,400 machine hours
= $27.70
So, the predetermined overhead rate is $38.45
Answer: Buyer dependency
Explanation: Buyer dependency refers to the situation when the supplier of a commodity is heavily dependent on one or two buyers for operating effectively in the market. This situation is common to those organisations that do business to business sales operations.
In the given case, Zimway made a majority of sales to couture and the other buyers purchase from it in small quantities.
Hence, from the above we can conclude that this case illustrates Buyer dependency.
Answer:
The role of project managers is vital for the succcess or failure of project.
Explanation:
The success of projects concentrates on developing key business metrics. However, sometimes development programs are still unsuccessful. There are a number of reasons why these initiatives fail such as lack of funding, weak measurements, lack of coordination among team members, and decisions based on speculations instead of evidence and facts. Such types of issues make it much more difficult for project managers to establish credibility for future projects. Ultimately, the accomplishment or effectiveness of the strategy concentrates entirely on the shoulders of the project manager, and he or she is held responsible for the final outcome.
Answer: They could either use the Income and expenditure or purchases journal too.
Explanation: Because its a Yoga Studio, lots of expenses will be made and appropriate postings are to be entered on time.
