Consumer Surplus
This is the difference between what consumers are willing and able to pay and what they actually do pay. You may be willing to spend up to $100 on a new pair of shoes but if you find the perfect pair on sale for $20 you will buy those and there will be an $80 surplus.
Answer:
Straight rebuy
Explanation:
When a purchasing agent performs a straight rebuy, he/she is in a situation where the same products or services are bought over and over again on a relatively steady basis.
The products and services purchased are also simple and common products or services, nothing very complex or specialized that requires looking for new information or investigating who the best vendor might be.
Answer:a.Total manufacturing costs for Job 313 =$52,500
Unit Product Cost for Job 313=$30
Explanation:
Total manufacturing costs=Direct materials+Direct labor costs+Overhead costs
But Overhead cost =115% of direct labor cost
= 115% x $10,600
=$12,190
Total manufacturing costs =$29,710 + $10,600+$12,190
=$52,500
Unit Product Cost=Total Manufacturing costs/ Total Number of Units Produced =$52,500 /1,750 units
=$30
Answer:
Option (A) is correct.
Explanation:
Cash flow from Operating Activities:
= Net income + (Beginning Accounts receivable - Ending Accounts receivable) + (Ending Accounts payable - Beginning Accounts payable)
= $45,000 + ($23,000 - $22,000) + ($28,000 - $26,000)
= $45,000 + $1,000 + $2,000
= $48,000
Therefore, Bird Brain's cash flows from operating activities would be $48,000.
Answer:
b. judgment sampling.
Explanation:
In this scenario, where he believes that this group of students will be representative of the university student population in the United States, the professor is most likely using Judgment or Expert sampling which is normally used in circumstances where the pointed population involves very intelligent people like student of the University of United States here who cannot be determined by using any different type of probability or non-probability sampling method.
