Answer:
Direct material price variance= $1,200 favorable
Explanation:
Giving the following information:
Standard price= $8 per gallon
Last month, 3,000 gallons of direct materials were purchased for $22,800.
To calculate the direct material price variance, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
Actual price= 22,800/3,000= $7.6 per gallon
Direct material price variance= (8 - 7.6)*3,000= $1,200 favorable
Answer:
A decrease in the elasticity of demand for the cartel's product.
Explanation:
The cartel is under the control of companies operating in the same area. This is undesirable. It is concluded between businesses and these contracts prevent competition. Such arrangements are also prevented by governments, which aims to promote competition among governments across the country. This type of arrangement creates unity and demonstrates business behavior in activities that prevent other competitors from entering the sector.
Adverse effects on consumers include:
1) Higher prices - cartel members can raise prices, which reduces the demand elasticity of any member.
2) Lack of Transparency - Members may agree to hide prices or hide information such as hidden charges in credit card transactions.
3) Limited production - Members may agree to limit market production, such as OPEC and oil quotas.
4) Build Market - Cartel members can collectively divide a market into regions or regions and not compete in each other's territory.
Cosmetics firm SatinSilk is revamping its mission statement and advertising strategy.The planning team comes up with a list of options for the new mission statement.The CEO stresses that the new mission statement should be market-oriented rather than product-oriented.Which of the following mission statements should the company pick?
A)to create the best possible products and sell them at the best possible price
B)to sell cosmetics products that are hypoallergenic and made only from the finest natural materials
C)to give customers the complexion they dream about by providing a range of products suited to their needs
D)to sell affordably priced cosmetics in every cosmetics product category
E)to increase our market share in the cosmetics segment and increase profit margin
Answer:
C)to give customers the complexion they dream about by providing a range of products suited to their needs
.
Answer:
Initial cost $612,652
Please find the detailed answer as follows:
Explanation:
The calculations are made considering the following formulas
Average flotation cost = (1/1.55) (0) + (0.55/1.55) (0.049) = 0.01739
Initial cost = $602,000/(1 - 0.01739) = $612,652
Answer:
ਜੇਕਰ ਇਹ ਸੰਯੁਕਤ ਹੈ, ਤਾਂ ਕੇਨ ਉਹਨਾਂ ਸਾਰੇ ਤਰੀਕਿਆਂ ਦੀ ਸੂਚੀ ਬਣਾਓ ਜੋ ਕੇਨ ਬੀਜਾਂ ਨੂੰ ਬਰਾਬਰ ਕਤਾਰ ਵਿੱਚ ਵਿਵਸਥਿਤ ਕਰ ਸਕਦਾ ਹੈ।