Answer:
The price mechanism allows the consumer to gain sovereignty in the market. They have 'spending votes' in the market, which enables them to choose what is bought and sold. Generally, the free market allows for an efficient allocation of resources.
Explanation:
Answer:
The importance maxim just serves to make the business look good
.
Explanation:
- Throughout recent years, the once common image of ethics as individualistic, unchangeable and impervious to corporate pressures did not stand up to inspection.
- The stories of many Companies demonstrate the position that companies play in influencing the actions of people and that even sound moral fiber will crumble when too lean.
- Once presenting an enforcement program, administrators will speak of mutual trust, but staff often see a message from on high.
True
A captive agent means they have signed a contract to stay with the company for that many number of years
Answer:
That the mistake resulted from an accidental clerical error and that it would be unconscionable to enforce the contract.
Explanation:
Nicole mistake is a clerical error.
An error is said to be clerical if it's a mistake that changes the meaning of a document after.
Typographical error and unintentional addition or removal of a word, phrase, or figure in the document can count as clerical error.
Mistakes like this should be readily rectified without objection by the court acting sua sponte, on its own, or on the motion of either party.
Missing information:
Corporation makes 5,700 units of part U13 each year. This part is used in one of the company's products. The company's Accounting Department reports the following costs of producing the part at this level of activity: Per Unit Direct materials $9.60 Direct labor $7.80 Variable manufacturing overhead $10.20 Supervisor's salary $5.90 Depreciation of special equipment $8.80 Allocated general overhead $8.00 An outside supplier has offered to make and sell the part to the company for $25.10 each.
Answer:
annual financial advantage of purchasing part from outside vendor = $73,380
Explanation:
current production costs per unit:
- direct materials $9.60
- direct labor $7.80
- variable manufacturing overhead $10.20
- supervisor's salary $5.90
- depreciation of special equipment $8.80
- allocated general overhead (fixed) $8.00
- total current costs per unit = $50.30
- total costs $50.30 x 5,700 units = $286,710
costs if company decides to purchase the part form outside vendor:
- purchase cost per unit $25.10
- deprecation of special equipment $8.80
- allocated general overhead $8.00
- total costs per unit = $41.90
- total costs $41.90 x 5,700 = $238,830
- - revenue generated from using facility space = $238,830 - $25,500 = $213,330
annual financial advantage of purchasing part from outside vendor = $286,710 - $213,330 = $73,380
