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3 years ago

'Partnership business can't be successful without mutual understanding'.justify this statement.

Business

1 answer:

Colt1911 [192]3 years ago

3 0

Answer: See explanation

Explanation:

A partnership is a form of business operations that takes place between two or more people who come together, join their skills and resources together so as to achieve organizational aims, and make profit.

For a partnership to succeed, there must be a mutual understanding between the partners that are involved. The mission and the visions of the organization must be shared by all the partners and understood.

When the partners don't have an agreement in place and a clear understanding about how the partnership will be handled and decisions will be made, this will eventually being about the downfall of the partnership.

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Grassley Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and anticipated long-ru

vodka [1.7K]

Answer:

$80,000

Explanation:

Calculation to determine what the amount of variable administrative cost to allocate to Department 1 would be

Variable administrative cost to allocate to Department 1=(40,000 ÷100,000) x $200,000

Variable administrative cost to allocate to Department 1=0.4×$200,000

Variable administrative cost to allocate to Department 1= $80,000

Therefore The Variable administrative cost to allocate to Department 1 would be $80,000

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3 years ago

Edwin, an employee at an auto assembly plant for a U.S. auto manufacturer, manages a group of employees who measure the quality

stira [4]

Answer:

Inbound quality inspection department of supply chain management

Explanation:

Purchasing department create purchase order for any product from supply.

once the order shipment reaches to plant, the quality of product is inspected whether product adheres to specification requested during purchase order creation. since product reaches to plant it is inbound logistic and hence inspection of those is termed as inbound logistic inspection.

Inbound logistic inspection is significant part of supply chain management.

5 0

4 years ago

Suppose the price of university sweatshirts increases from $10 to $20 and the quantity supplied increases from 20 to 30. The pri

riadik2000 [5.3K]

Answer:

0.60

Explanation:

The midpoint formula is used to calculate elasticity by using average percentage in both price and quantity.

The formula is given below:

Percentage change in quantity = (Q2 -Q1) x 100

(Q2 + Q1) / 2

Percentage change in price = (P2 -P1) x 100

(P2 + P1) / 2

Elasticity = Percentage change in price__

Percentage change in quantity

Inserting the data:

Percentage change in quantity = (30 -20) x 100 = 10 x 100 = 40%

(30 + 20) /2 25

Percentage change in price = ($20 - $10) x 100 = 10 x 100 = 66.6%

($20 + $10) /2 15

Elasticity of supply = 40%

66.6%

= 0.60

3 0

3 years ago

An airport parking lot charges $5.00 for the first two hours of parking and $0.75 for each additional half hour or part thereof.

VLD [36.1K]

Answer:

$14

Explanation:

Sam parks his car for 8 hours, the first two hours cost $5 and he would pay $0.75 for every half hour after the first two hours . That means he would pay $1.50 for every hour after the first two hours.

He spent 6 hours extra. The total amount that would be paid = $1.50 × 6 = $9

He would pay a total of $9 for the 6 hours extra he parked his car.

The cost of parking for the 8 hours is = $9 + $5 = $14

I hope my answer helps you

3 0

3 years ago

Read 2 more answers

Smith Wholesale budgeted sales price is $40 per unit for an budgeted sales volume of 5,000 units. The actual performance was 5,5

alex41 [277]

Answer:

$20,000 Favorable

Explanation:

As for the provided information, we have:

Sales Volume Variance is defined as the variance arising due to difference in sales quantity based on standard price.

Formula for the above = (Actual Sales - Budgeted Sales) $\times$ Standard Price

= (5,500 - 5,000) $\times$ $40

= $20,000

This variance shall be categorized as favorable, as the actual sales quantity is more than the static budgeted quantity.

Therefore, Sales Volume Variance = $20,000 Favorable

8 0

3 years ago

'Partnership business can't be successful without mutual understanding'.justify this statement.​

'Partnership business can't be successful without mutual understanding'.justify this statement.