At the <u>conversion </u>stage of transforming raw materials into finished goods, managers typically use <u>concurrent </u>control methods to determine customers' reactions to the organization's goods and services.
<h3>What is a raw materials?</h3>
Raw material seems to be a basic resource that is used create items, completed goods, power, or transitional resources that are fodder for upcoming finished products. It is additionally referred to as a fuel, untreated material, or main item.
In the input phase of the method of changing the raw product, the managers usually employ feedforward supervision. Taking care of issues when they arise.
Concurrent control provides managers with real - time updates on how effectively inputs are being converted into outputs during the conversion step, allowing managers to address issues as they arise.
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$45,000 per year is the economic cost of the time he contributes to the new business.
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Explanation:</u></h3>
The difference between the accounting cost and the implicit cost refers to the economic cost. Implicit cost refers to the opportunity cost that the person incurs when he makes a choice. For example consider Geetha is spending something for watching a movie. The cost that she spends for the movie and the cost that can be forgone by her when she spends that for some other things will be included in the economic cost.
In the example given Jim was earning d $70,000 per year and now he is paying himself $25,000 per year for building a new business. Thus the economic cost will be $70,000 -$25,000 = $45,000 per year. Here the accounting cost is $70,000 and the implicit cost is $25,000.
I found somewhere on the Internet that this is a question relating to psychology where we are supposed to either agree or disagree.
When it comes to this particular question, I would disagree. Although having an unpredictable job may be more fun, it is also unreliable - you may lose your job at any time, and eventually, the fun may stop. It is better to have a predictable job where you know what you will have to do every day, and can thus prepare accordingly.
Answer:
The payback period for the new machine is 6 years.
Explanation:
depreciation = $1,500,000/10
= $150,000
payback period = ($100,000 + $150,000)/$1,500,000
= 6 years
Therefore, The payback period for the new machine is 6 years.
............ you can become TIRED very quickly. As one ascends towards the sky, the quantity of oxygen available continues to reduce significantly and this have a lot of negative effects on humans. For instance, there will be less oxygen available for breathing and one can become tired quickly. The lack of oxygen can cause shortness of breath, nosebleed, headaches and increased heart rate. Also, the air becomes drier and this makes one to become unusually thirst.
