Answer: 4) Under the business analysis stage, if the new product satisfies the company's objectives, the product then moves to the product development stage.
Explanation:
The Business Analysis stage of the New Product Development Process is a more in-depth analysis of the product to find out the viability of the product in the market and what it means for the firm.
Here the big questions are asked such as;
- The Cost of the product to produce
- If adequate profit will be generated
- Projected market demand
- Existing competitors etc
Once these questions have been answered and other analysis made and the company is satisfied, the product can then move to the Product Development Stage.
Answer:
$69,000
Explanation:
Percentage of shares owned by ABC in Teal's company = 30%
This is an example of equity method investment , and a portion of the attributable income at the end of the year is earned and added to the initial stock.
Attributable income is the remaining income after dividends have been settled.
<u>Workings</u>
The opening carrying value of the shares on ABC balance sheet = 60,000
Profit made at the end of the period = 40,000
Dividends paid = 10,000
Attributable income to share holders = 40000-10000 = 30,000
ABC portion of attributable profit = 30000*30% = 9,000
Carrying value at the end of the year = opening carrying value + portion of the attributable profit
=60000+9000=69000
Answer:
Social responsibility
Explanation:
Social responsibility is the way a company's managers and employees view their duty or obligation to make decisions that protect, enhance, and promote the welfare and well-being of stakeholders and society as a whole.
Answer: Equivalent units for conversion = 4870 units
Explanation:
Given that,
Beginning work in process inventory = 300 units
Beginning work in process inventory for conversion = 40% of 300 units
= 120 units
5,000 units were started in December.
Ending work in process = 500 units
Ending work in process inventory for conversion = 50% of 500 units
= 250 units
Units started and completed = 5000 - 500
= 4500 units
Equivalent units for conversion = 4870 units
