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2 years ago

The administrative model was developed to explain

1 answer:

8 0

The administrative model was developed to help decision making of managers and attain the optimal result. This is in consideration that people have different levels of understanding in handling administrative situations. In an administrative model, when a decision becomes a solution, it then becomes a standard operating procedure (SOP). It is collected and used as a solution to future problems that the company would face.
SOP is integrated into the management as rules or procedures to help the company.

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Luxguard Home Paint Company produces exterior latex paint, which it sells in one-gallon containers. The company has two processi

marta [7]

The cost of ending work in process inventories and of units transferred out of the Base Fab Department in April is $851,00 and $999,000and $1850,000

The calculation of this question and working of solutions is in tabular form which is attached to this answer.

What is Cost?

The cost is of two types - Variable and Fixed . Variable costs exchange based on the amount of output produced. Variable costs may include labor, commissions, and raw materials. constant costs continue to be the same no matter production output. fixed charges may additionally include hire and rental bills, coverage, and interest payments.

Learn more about cost brainly.com/question/13165105

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1 year ago

How do consumer expectations affect the demand for a product

sesenic [268]

Answer:c

Explanation:

5 0

2 years ago

Read 2 more answers

Price serves the function of _____ for goods, services, and financial resources.

Blababa [14]

Allocator- Price thus serves the function of allocator. First, it allocates goods and services among those who are willing and able to buy them. (As we noted in Chapter 1, the answer to the economic question “For whom to produce?” depends primarily on prices.) Second, price allocates financial resources (sales revenue) among producers according to how well they satisfy customers’ needs. Third, price helps customers to allocate their own financial resources among various want-satisfying products.

7 0

3 years ago

Ray's Satellite Emporium wishes to determine the best order size for its best-selling satellite dish (model TS111). Ray has esti

xeze [42]

Answer:

By using the EOQ model, ray should order 22.8 units or 23 units each time

Explanation:

Solution

Recall that:

Ray annual estimated demand for this model is = 1,050 units

The cost of one unit carry is =$105

He estimated each order costs to place = $26

Now,

The EOQ model= (2*annual demand*ordering cost/holding cost per unit per year)^.5

Thus,

EOQ = (2*1050*26/105)^.5

EOQ = 22.8 units or 23 units

6 0

3 years ago

If the supply of a product increases, then we would expect equilibrium pricea.to increase and equilibrium quantity to decrease.

azamat

Answer:

The correct answer is option d.

Explanation:

An increase in the supply of a product will cause the supply curve to shift to the right. This rightward shift will cause the demand curve and supply curve to intersect at a lower price.

This will cause the quantity demanded of the product to increase and the price of the product to decrease.

A decrease in the supply will cause the quantity demanded to decrease and price to increase.

The effect of supply increase is indicated through the given figure.

5 0

3 years ago