Answer: $907,580
Explanation:
Under Absorption Costing you remove the opening fixed cost balance and add the ending fixed cost balance to find out the net income in this manner,
Net Income under Variable Costing = $911,000
Opening Fixed Overhead Cost
= 1.8 x 56,100
= $100,980
Closing Fixed Overhead Cost
= 1.8 x 54,200
= $97,560
= 911,000 - 100,980 + 97,560
= $907,580
This is the income under Absorption Costing.
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Answer:
D. Resource scarcity is low
Explanation:
When environmental changes and complexities are at low levels ( that is, like technological changes, law, politics, conpetition, trends etc.) and also resource scarcity is low (which means resources are in abundance or plentiful), managers becomes more confident that they can understand, predict, and react to the external forces affecting their businesses.
Low resource scarcity is makes managers very confident because they have available more resources to undergo their production processes.
Answer:
0.60
Explanation:
The midpoint formula is used to calculate elasticity by using average percentage in both price and quantity.
The formula is given below:
Percentage change in quantity =<u> (Q2 -Q1) </u> x 100
(Q2 + Q1) / 2
Percentage change in price = <u> (P2 -P1) </u> x 100
(P2 + P1) / 2
Elasticity =<u> Percentage change in price__</u>
Percentage change in quantity
Inserting the data:
Percentage change in quantity =<u> (30 -20) </u> x 100 = <u>10</u> x 100 = 40%
(30 + 20) /2 25
Percentage change in price = <u>($20 - $10)</u> x 100 = <u>10</u> x 100 = 66.6%
($20 + $10) /2 15
Elasticity of supply = <u>40%</u>
66.6%
= 0.60
Answer:
A business management degree focuses more on planning and organizing, whereas a degree in business administration provides a broad background and then allows the student to focus on a specialized area of business
Explanation:
Business administration (also known as business management) is the administration of a business. It includes all aspects of overseeing and supervising business operations. From the point of view of management and leadership, it also covers fields that include accounting, finance, project management and marketing.
