Which of the following is not true of a mass customization process strategy?

vaieri [72.5K]

B.) his counselor certification

D.) His years of teaching experience

6 0

3 years ago

The consumer price index (CPI) can be used to measure inflation. There are potential problems with this process though that can

DIA [1.3K]

Answer:

a. Overstates Inflation.

In the case of Mary and Bob, the CPI would have already increased but in this case the price of the minivan increased as well. This will overstate inflation because it will not measure the general rise in price alone (inflation), it will also measure the rise in price as a result of the new minivan having better features.

b. Understated Inflation

Donna's case represents an understated inflation because the quantity shrank yet the price stayed the same. This means that the price is now buying less quantity than it used to which is inflation because more dollars are now required to buy the previous amount. This was not however recorded as there was no change in price.

c. Overstates Inflation

In the case of Zach, the inflation will be overstated because Zach is no longer buying bagels and is now buying muffins so continuing to use bagels as a representative good in the basket of goods used to calculate CPI would be overstating it.

d. Accurate representation of Inflation

In Chris's case, the increase in the price of the same shoe over the years has been because of a general rise in prices and not because it is a different model. It is the same shoe and its price is rising generally so this is an accurate depiction of inflation.

6 0

3 years ago

The market price of hamburgers in a college town increased recently, and the students in an economics class are debating the cau

agasfer [191]

Please find attached the graphs containing the requested information

The dominant cause of the increase in the price of hamburgers can be determined by the direction of change on quantity demanded: If the equilibrium quantity of hamburgers decreases, then the supply shift in the market for hamburgers must have been larger than the demand shift.

The demand curve shows the relationship between price and quantity demanded. The demand curve is negatively sloped.

The supply curve shows the relationship between price and quantity supplied. The supply curve is positively sloped.

If the increase in the price of hamburgers is as a result of burger joints closing down.

If burger joints closes down, the supply of hamburgers would decrease. The supply curve would shift to the left. As a result of the leftward shift of the supply curve, equilibrium price would rise and equilibrium quantity would decrease.

The increase in the price of hamburgers is as a result of a decrease in the price of French fries.

Hamburgers and French fries are complement goods. Complement goods are goods that are consumed together. An decrease in the price of French fries would lead to an increase in the demand for hamburgers. This would lead to a rightward shift of the demand curve while the supply curve remains unchanged. As a result, both equilibrium price and quantity would increase.

If both events are partially responsible, the supply curve would shift to the left, leading to an increase in price and a decrease in quantity and the rightward shift of the demand curve would lead to an increase in equilibrium price and quantity.

If the decrease in supply is the dominant factor, there would be a decrease in equilibrium quantity.

If the increase in demand is the dominant factor, there would be an increase in equilibrium quantity.

To learn more about demand, please check: brainly.com/question/14456267?referrer=searchResults

8 0

3 years ago

Mike Village sold $1,000,000 of general obligation bonds on October 1, 2018, maturing at the rate of $100,000 every 6 months sta

Bad White [126]

Answer:

Accrued expense means the expense which has been incurred and recorded in the financial statement during the accounting period but payment for the same has not been made.

Stub period means the period in which the interest due on the bonds is not equivalent to interest as per interest cycle .

Explanation:

Part A)

No interest is matured during 2018 and hence, no expense will be recorded in fund statement of revenue, expenditures, and changes in fund balances for the year 2018.

Compute interest for the year ended on December 31, 2019:

By adding the interest due on $1,000,000 principal at the rate of 4% for six months and interest due on $900,000 principal at the rate of 4% for six months, the total expenditure can be calculated as follows:

Interest expenditure = ($1, 000, 000 x 4% x 0.5) + ($900,000 x 4% x 0.5)

= $20, 000 + $18, 000

= $38, 000

$20,000 represents interest on $1,000,000 for half the year and $18,000 represents interest on amount computed after deducting first maturity of $100,000, computed for half of the year.

Hence, for the year ending December 31, 2019 M will report 1$38,000 as interest expenditure in

Its fund statement of revenues, expenditure and changes in fund balance.

Part B)

Compute interest expenditure that M will report in its government-wide statement of activities for the year ended December 31, 2018 and 2019:

For the year ended December 31, 2018

Interest due on the principal of $1,000,000 at the rate of 4% for three months:

Interest expenditure = [$1,000,000 x 4% x 0.25]

= $10,000

Hence, for the year ending December 31, 2018 M will report 10,000 as interest expenditure in its wide statement of activities.

For the year ended December 31, 2019:

By adding the interest due on $1,000,000 principal at the rate of 4% for three months and interest due on $900,000 principal at the rate of 4% for six months, the total expenditure can be calculated as follows:

Interest expenditure = [($1,000,000 x 4% x 0.25) + ($900,000 x 4% x 0.5) + ($800,000 x 4% x0.25)]

= $10,000 + $18000 + $8,000

= $36,000

$900,000 is computed by reducing the first maturity of $100,000 due on April 1, 2019 and $800,000 is computed by reducing the second maturity of $100,000 due on September 30, 2019.

$10,000 is computed for the period January 1, 2019 to March 30, 2019 and $18,000 is computed for 6 months period from April 1, 2019 to September 30, 2019. $8000 is computed for the period October 01, 2019 to December 31, 2019.

Hence, for the year ending December 31, 2019 M will report 36,000 as interest expenditure in its government-wide statement of activities.

Part C)

Prepare journal entries required to adjust fund financial statements so that government-wide statements:

Date Account Title Debit Credit

Net Position 10000

Accrued interest payable 10000

Accrued interest payable 2000

Interest expense 2000

Accrued interest payable is a liability account having a credit balance, to record increase in interest payable, its account is credited. Interest payable for the period October 31 to December 31, 2018 increases the balance of accrued interest payable balance and hence, its account is credited with $10,000.

Interest expense is an expense account with debit nature balance, to record decrease in expense, its account is credited. Hence, to record the net effect of interest payable computed as the difference between balance of $10,000 outstanding at the end of 2018 and $8,000 outstanding at the end of 2019, the interest expense is credited.

6 0

4 years ago

The ways in which organizations use the system to provide information for day-to-day decisions about salary, benefits, and recog

just olya [345]

Answer:

Administrative.

Explanation:

The ways in which organizations use the system to provide information for day-to-day decisions about salary, benefits, and recognition programs falls under the Administrative purpose of a performance management system.

Performance management system: It is a system used to evaluate the performance of the employee and rewarding them on the basis of their performance. It also helps in defining the required role of an employee in a given time, which creates transparency in the evaluation process. It serves as a basis for improving employees' knowledge and skills, which motivate employee for better performance.

There are three purposes of performance management:

Strategic purpose.
Administrative purpose.
Developmental purpose.

Strategic purpose: It is defined as how effective performance help the organization to grow.

Administrative purpose: It is defined as how organizations use the system to provide information for day-to-day decisions about salary, benefits, and recognition programs.

Developmental purpose: It is defined as how system helps organization in developing employee´s skill and knowledge.

3 0

4 years ago