Which of the following is a benefit associated with regional economic integration?

Ricardo works part time at a local computer store. One day, his manager approaches him about moving from cashier to floor superv

Ivenika [448]

Answer:Ricardo works part time at a local computer store. One day, his manager approaches him about moving from cashier to floor supervisor. Ricardo is excited because the promotion comes with a raise; however, the extra work hours would take away from time with his friends. In the end, he decides to take the promotion. Ricardo's opportunity cost is choosing the promotion over time with his friends.

Explanation:

When there are many options in front of us.Out of these options when we select one we have to forgo the other options. While we forgo other options we have to bear the loss. So the opportunity cost is the cost of the next best option that we have given up.

if Ricardo works extra hours than he will not get time to spend with his friends so this is his loss which is arising due to the benefit he is getting from promotion. This loss will be his opportunity cost.

8 0

3 years ago

A seven-year-old boy breaks his tibia and requires immobilization by a hard cast for six weeks until the break heals. A potentia

klemol [59]

Detereation of muscle tissue causing weakness in the limb

5 0

3 years ago

Read 2 more answers

(Predetermined OH rates; capacity measures) Albertan Electronics makes inexpensive GPS navigation devices and uses a normal cost

Jet001 [13]

Answer:

Albertan Electronics

a. Albertan Electronics’ predetermined variable OH rate is $20.50.

b. The predetermined FOH rate using practical capacity is $8.00.

c. The predetermined FOH rate using expected capacity is $12.00.

d1. The variable overhead applied is $1,375,000.

d2. The fixed overhead applied using the rate in (b) is $880,000.

d3. The fixed overhead applied using the rate in (c) is $1,320,000.

d4. The total under-applied overhead for 2010 at $8.00 FOH rate is $455,000 and the total under-applied overhead for 2010 at $12 FOH rate is $15,000.

Explanation:

a) Available 2010 budgeted data:

Variable factory overhead at 100,000 machine hours $1,250,000 ($12.50)

Variable factory overhead at 150,000 machine hours 1,875,000 ($12.50)

Fixed factory overhead at all levels between 10,000 and 180,000 machine hours = 1,440,000 ($8.00)

Practical capacity is 180,000 machine hours; expected capacity is two-thirds of practical (120,000) = $12 ($1,440,000/120,000)

Predetermined Overhead Rate:

Variable factory overhead = $12.50

Fixed factory overhead = 8.00

Predetermined overhead rate = $20.50

During 2010, the firm records 110,000 machine hours and $2,710,000 of overhead costs. How much variable overhead is applied? How much fixed overhead is applied using the rate found in part (b)? How much fixed overhead is applied using the rate found in part (c)? Calculate the total under- or overapplied overhead for 2010 using both fixed FOH rates.

Variable overhead applied = $12.50 * 110,000 = $1,375,000

Fixed overhead applied with $8 * 110,000 = 880,000

Total overhead applied $2,255,000

Underapplied overhead = ($2,710,000 -2,255,000) 455,000

Variable overhead applied = $12.50 * 110,000 = $1,375,000

Fixed overhead applied with $12 * 110,000 = 1,320,000

Total overhead applied $2,695,000

Underapplied overhead = ($2,710,000 -2,695,000) 15,000

6 0

3 years ago

To appeal to a new target market, a coffee manufacturer changed the product's package design, reformulated the coffee, began adv

Artemon [7]

Answer:

Marketing mix

Explanation:

Marketing mix refers to that blend of marketing factors and aspects so as to accomplish marketing goals, which is inducing customers to purchase the products coupled with customer satisfaction.

The four essential P's of marketing mix i.e essential marketing factors are, Product, price, place and promotion.

Product refers to a bundle of utilities, price being the consideration charged for the product, place refers to the markets where product is made available and promotion refers to modes of promotion such as sales promotion, advertising and publicity and other forms.

In the given case, the coffee maker serves a new target market (place), with changed product, packaging design and coffee itself (product), employing advertising price discounts and distributing new product samples at coffee shops (price and promotion).

Thus, in short , the manufacturer changed the marketing mix for his product i.e coffee.

4 0

3 years ago

During an economic downturn, consumers spend considerably less on goods and services. this results in layoffs that are classifie

kati45 [8]

During an economic downturn, consumers spend considerably less on goods and services. this results in layoffs that are classified as CYCLICALLY UNEMPLOYED.

7 0

3 years ago