Answer:
The correct answer is letter "D": ability to experiment.
Explanation:
During job interviews, applicants skills are out on the line to find out if the job being offered is suitable for them in regards to what the company is looking for. Especially in technological companies, applicants are tested in their abilities to experiment since technological equipment have short life cycles which imply workers must know how to adapt regularly -just like in Steve's case.
Answer:
Option C,$209,000 is the correct answer.
Explanation:
The total value of inventory purchased comprises of invoice price plus shipping cost,less allowance for flawed pieces as well as the cash discount received as shown computed below:
Invoice price $220,000
shipping cost $20,000
purchase allowance for flawed pieces ($20,000)
Cash discount 5%*(220,000+20000-20,000) ($11,000)
Total value of inventory purchased $209,000
The cash discount was taken because payment was made within the discount period
Answer:
It is cheaper to make the part. In three years the company will save $12,000.
Explanation:
Giving the following information:
Units= 40,000
Variable costs= $1.60 per unit
Fixed costs= $40,000 per year
Gilberto is considering buying the part from a supplier for a quoted price of $2.70 per unit guaranteed for three years.
We need to calculate the total cost of making and buying the part.
Make in-house:
Total cost= 1.6*40,000 + 40,000= $104,000
Buy:
Total cost= 40,000*2.7= $108,000
It is cheaper to make the part. In three years the company will save $12,000.
Answer:
Quantity demanded of B/percentage change in price of A.
Explanation:
Cross price elasticity of demand is calculated as follows:
= Percentage change in quantity demanded for Good B ÷ Percentage change in price of good A
Cross price elasticity of demand is positive for the substitute goods and negative for the complimentary goods.
For Substitute goods:
It states that there is a positive relationship between the price of a good and the quantity demanded for its substitute goods.
For complimentary goods:
It states that there is an inverse or negative relationship between the price of a good and the quantity demanded for its complimentary goods.
When supply goes down, the equilibrium price goes up. This is because if there is a smaller supply the good becomes more valuable to people who want the good.
