Answer:
Efficiency
Explanation:
Efficiency is when a market is producing the greatest possible amount given its resources. This is demonstrated by the production possibility frontier, which displays the maximum amount of a good that can be produced in relationship to the production of another good.
Answer:
1. The financial advantage of accepting the special order is $20,910.
2. The relevant unit cost is the variable selling and administrative expenses of $1.40 per unit.
Explanation:
1. What is the financial advantage (disadvantage) of accepting the special order?
Since this order would not affect regular sales or the company's total fixed costs, it implies that only the variable costs will be considered to determine the financial advantage (disadvantage) of accepting the special order.
Therefore, we have:
Total variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead + Variable selling and administrative expenses = $2.40 + $2.00 + $0.90 + $1.40 = $6.70
Special order financial advantage (disadvantage) = (Special price per unit - Total variable cost per unit) * Units of special order = ($19.00 - $6.70) * 1,700 = $20,910
Therefore, the financial advantage of accepting the special order is $20,910.
2. As a separate matter from the special order, assume the company’s inventory includes 1,000 units of this product that were produced last year and that are inferior to the current model. The units must be sold through regular channels at reduced prices. The company does not expect the selling of these inferior units to have any effect on the sales of its current model. What unit cost is relevant for establishing a minimum selling price for the inferior units?
Since these units are inferior to the current model and must be sold through regular channels at reduced prices, the unit cost that is relevant for establishing a minimum selling price for the inferior units is therefore the variable selling and administrative expenses of $1.40 per unit.
Answer:
S1
Explanation:
Law of Supply, is the law which states or claims that all else being constant or equal, then the quantity supplied of the good increases when the price of the goods also increases.
Ans this states the positive relationship among the price and the quantity, thus an upward sloping curve. Therefore, it is the curve (supply curve), which is more likely for the CDs.
This curve shows the relationship among the amount that the sellers willing to and able to supply and the price of the CDs, which is called as the quantity of CDs supplied.
Answer:
b) false
Explanation:
Salesforce case assignment deals with a company's lead generation strategies which can either be based on manual operations or automatic processes. For example, Web to Case strategy, Email to Case technique, On-Demand Email to Case system approach, etc.
Consequently, Salesforce case assignment rules run instantly, oftentimes on case creation and are not time-based
Hence, the correct answer is FALSE
A finance company that buys other companies' accounts receivable is known as a factor.
Accounts receivable can be defined as the sums owed by customers to a business, and accounts receivable turnover is a financial ratio that is determined by dividing net sales by accounts receivable. This sort of company acquires receivables for less than their face value.
- A factor is a brief, non-recourse loan obtained through the sale of accounts receivable to a third party.
- Consideration is given to all collection risks, including credit losses.
- Although it is used in other industries, the garment industry is where factoring is most prevalent.
- The two primary types of factoring are maturity factoring and discount factoring. Maturity factoring pays the client the purchase price of the factored accounts at maturity, whereas discount factoring pays a discounted price for receivables before they mature.
Learn about more factors here
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