Answer:
Total production for the current period is expected to be 7420 units.
Explanation:
The current production should be enough to meet the required units needed for the desired ending inventory and the units needed to meet the current sales after adjusting for the opening inventory of units that is available. Thu,s the current production requirement will be,
Production = Closing Inventory + Sales - Opening Inventory
Production = 263 + 7500 - 343
Production = 7420 units
Answer:
diminishing marginal utility
Explanation:
According to diminishing marginal utility, the utility of consuming an extra unit increases until a point. After that, the utility tends to diminish from consuming an extra unit. The marginal benefit to society of reducing pollution declines due to diminishing marginal utility concept. The benefit of a decrease in pollution starts to decline after a certain period of time.
Answer:
FALSE
Explanation.
Periodic inventory is a practice of inventory count that takes stock every week or month while 'continuous inventory' constantly tracks inventory levels mostly through a computerized method so that stock levels. are always known.
It is not very correct that the continuous review system is used to manage inventory associated with independent demand, while the periodic review system is used to manage inventory associated with dependent demand because most often, it is the nature of inventory that determines the method to be used and not the type of demand
Continuous inventory keeps a constant track of quantities; and is more appropriate for small unit items that could be too numerous for physical count because they are bought in large quantities. e.g. supermarkets
Periodic inventory has to be done with big items that are not too numerous like automobiles, televisions, houses and sets of furniture.
Answer:
Consolidation warehouses
Explanation:
Consolidation warehouses are warehouses that, as the name implies, consolidate a number of smaller shipments from other companies into a larger shipment, in a specific area.
Consolidation warehouses can also offer light manufacturing services, but their main function is to consolidate shipment into a single place, and distribute those shipments in a more cost-efficient manner.
Answer:
The correct answer is Dell will offer $20 per copy of the software and Symantec will accept the offer.
Explanation:
A Nash equilibrium is a situation in which all players have put into practice, and know that they have done so, a strategy that maximizes their earnings given the strategies of others. Consequently, no player has any incentive to individually modify their strategy.
It is important to keep in mind that a Nash equilibrium does not imply that the best joint result for the participants is achieved, but only the best result for each of them considered individually. It is perfectly possible that the result would be better for everyone if, in some way, the players coordinated their action.
In economic terms, it is a kind of imperfect balance of competition that describes the situation of several companies competing for the market of the same good and who can choose how much to produce to try to maximize their profit.
