Answer:
D. Equivalent units of production
Explanation:
The term equivalent units of production refer to all the production at the end of an accounting period. In this period, some units were completed and some are unfinished, with a certain quantity of work made. These units represent a lower number of finished goods and in order to expose the whole production as finished units, only the percentage of work made is considered.
Answer:
The correct answer is Localization.
Explanation:
The location strategy in this scenario means focusing on each specific market in order to maximize sales and minimize costs, which is the main characteristic of this strategy. The decision of Garret's Tea Corp. will surely mean the relocation of some of its plants and the study of each market in order to determine the degree of penetration that can be implemented to meet its maximization objectives.
Answer:
The future value at 30th birthday is calculated below:
Future value = 500 x (1 + 0.03)^5
Future value = 500 x 1.15927
Future value = 579.64
The computed future value for the 30th birthday is $579.64
The present value is calculated below:
Present value = 500 / 1.03^5
Present value = 500 / 1.15927
Present value = 431.30
The computed present value for the 30th birthday is $431.30
Answer: a. Cheaper
b. Shift production from commodity-type goods to high-value products.;
Begin importing foreign-made parts
Explanation:
1. Japanese products became 22% <u>cheaper</u> than U.S. products.
The US Dollar became 22% stronger than the Japanese Yen meaning that the US Dollar can now buy 22% more Yen than before. If a good is priced in Yen then this means that the USD can buy 22% more of that good than before meaning that the good is 22% cheaper now.
2. Commodity goods are essentially raw or semi processed foods. Because the USD has become stronger, importing these goods instead of producing them would reduce the cost of production if they were to start processing said goods and making them High Value products so this is what they should do.
The USD is now stronger against major trading Partners. Like earlier mentioned, this means that the USD can buy 22% more goods as a result. Companies should therefore import parts that they need because they'll be able to buy 22% more of those parts thereby reducing their cost of Production.