Answer:
So the option is C.<u>$39,000 unfavorable.</u>
Explanation:
Sales price variance=(Actual price - Budgeted price) x Actual unit sales
=($643,500/195-$3,500)*195 copiers
=-$200*195
=$39,000 Unfavorable.
So the option is C.$39,000 unfavorable.
Answer: I. Thursday and III. Saturday
Explanation: To say that Isabelle has $84.00 in her account means that she has her own cash held in a bank. This means that Isabelle has a debit account and is likely using a debit card to for her deposits and purchases. A debit card is used to take out cash from her account, and not a line of credit. This means that the cash for every purchase she makes is withdrawn from her account which then debits, or decreases her balance. On the other hand every deposit into her account, increases the balance which is credited to her account.
The changes made throughout the week affected her account in the following way:
Day Debit(-) Credit (+) Balance
Openin bal: 84.00
Monday -22.35 61.65
Tuesday -47.60 +10.29 24.34
Wednesday -15.44 8.90
Thursday -11.25 -2.35
Friday -9.78 +22.69 10.56
Saturday -30.54 +18.86 -1.12
∴closing bal: = -1.12
From this it shows that Isabelle is charged an overdraft fee on Thursday (I) and Saturday (III) as she spent more than what she had in her account on those days.
Answer: brand extension
Explanation: Brand extension refers to a marketing strategy which involves a well-known, developed and popular brand who has enjoyed continuous success in a particular market aims to delve into another area of the market or totally different product category using the same brand name.
In the scenario above, Colgate, a household name in toothpaste manufacturing decided to launch the Colgate kitchen entree which an entirely different market domain. The innovation strategy wasn't successful as it got consumers confused who saw them as developers iating from their original domain. Even though Colgate's intention was to use their existing popularity to extend their brand.
Answer:
If output doubles when inputs double, the production function will be characterized by a <u>constant returns to scale</u>.
Explanation:
In economics, returns to scale refers to a long run situation that reveals to the proportionate change in output when capital and labor inputs become variable or change.
The three possible types of returns to scale are as follows:
1. Increasing returns to scale: This occurs when the proportionate change in output is greater than the proportionate change in capital and labor inputs.
2. Decreasing returns to scale: This occurs when the proportionate change in output is less than the proportionate change in capital and labor inputs.
3. Constant returns to scale: This occurs when the proportionate change in output is the same as the proportionate change in capital and labor inputs.
Based on the above explanation therefore, if output doubles when inputs double, the production function will be characterized by a <u>constant returns to scale</u>. This is because the the proportionate change (double) in output is the sames as the proportionate change (double) in inputs.
