16. Break-even 1

Wrong Deck. Penny hires Jackson to paint the back deck on her house. She agrees to pay him $200 for the job and he accepts, sigh

butalik [34]

Answer:

This was an executory contract because neither party has fulfilled their contract obligations (consideration). In other words, the contract has not been fulfilled yet, and both parties are still responsible for performing their contract obligations.

Even after Jackson mistakenly painted the neighbor's deck, the contract remains as executory since neither party has performed their obligations.

5 0

3 years ago

Game theory suggests that competing firms in an oligopolistic industry may be

alina1380 [7]

Game theory suggests that competing firms in an oligopolistic industry may be reluctant to change prices because they anticipate that rivals will match price cuts but ignore price increases.

<h3>What is Game theory?</h3>

Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.

Dominant strategy is the best option for a player regardless of what the other player is playing. Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.

Here are the options:

. too quick to raise prices because they will fail to anticipate that rivals may gain market shares.

b. reluctant to change prices because they anticipate that rivals will match price cuts but ignore price increases

c. reluctant to change prices because they anticipate that rivals will ignore price cuts but match price increases

d. too quick to cut prices because they fail to anticipate that rivals may also cut their prices.

To learn more about game theory, please check: brainly.com/question/25746243

6 0

2 years ago

Read 2 more answers

What is one way that an organization could improve its risk management maturity level for process risks such as those related to

irina1246 [14]

The ways by which an organization could improve its risk management are shown below.

<h3>Ways by which an organization could improve its risk management:</h3>

(A) Think broadly about your supply chain -

The network of people, businesses, resources (knowledge, public utilities, materials, services, etc.), processes, and technology used to create and market a good or service is known as a supply chain.
This definition's broad strokes provide a thorough method for developing a matrix that improves supply chain visibility.

(B) Improve supplier auditing -

Consider including significant contract clauses and auditing procedures in important contracts after identifying and prioritizing vital suppliers.

(C) Increase supplier diversity -

The pandemic destroyed many minority-, women-, and veteran-owned businesses because they were unable to meet client demand when their supply chains broke down or came to a standstill.

(D) Clean up siloed tech suppliers -

Without a doubt, technology is crucial to supply chain management.
While having a variety of technology platforms and tools to support your operations is frequently required, purchasing technology in a silo might jeopardize an organization's logistics.

(E) Put supply chain trends in the right context -

Although there is no dearth of articles on new supply chain management trends, many could not have predicted the geopolitical environment of today, which includes an invasion in Europe, skyrocketing oil prices, and the onslaught of ransomware attacks that are causing supply chains to break down on a daily basis.

Therefore, the ways by which an organization could improve its risk management are given.

Know more about the supply chain here:

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6 0

2 years ago

Schultz Electronics manufactures two ultra high-definition television models: the Royale which sells for $1,580, and a new model

Sergio [31]

Answer:

Schultz Electronics

Royale Majestic

Cost per unit cost $971.35 $841.55

Explanation:

a) Data and Calculations:

Information about overhead for the year ended December 31, 2017.

Activity Cost Cost Drivers Estimated Expected Use Activity-Based

Pools Overhead of Cost Drivers O/H Rate

Purchasing No. of orders $1,261,700 40,700 $31/order

Machine

setups No. of setups 874,120 16,810 $52/setup

Machining Machine hours 5,440,500 120,900 $45/hour

Quality Number of

control inspections 872,900 30,100 $29/inspection

Total overhead costs $8,449,220

The cost drivers used for each product were:

Cost Drivers Royale Majestic Total

Purchase orders 17,600 23,100 40,700

Machine setups 14,510 2,300 16,810

Machine hours 75,300 45,600 120,900

Inspections 11,900 18,200 30,100

Allocation of overhead costs:

Cost Drivers Royale Majestic Total

Purchasing $545,600 (17,600*$31) $716,100 (23,100 *$31) $1,261,700

Machine setup 754,520 (14,510*$52) 119,600 (2,300*$52) 874,120

Machining 3,388,500 (75,300*$45) 2,052,000 (45,600*$45) 5,440,500

Quality Control 345,100 (11,900*$29) 527,800 (18,200*$29) 872,900

Total $5,033,720 $3,415,500 $8,449,220

Quantity 25,000 10,000

Overhead per

unit $201.35 $341.55

Cost per unit of each model, using ABC Costing Technique:

Royale Majestic

Direct materials $650 $420

Direct labor ($20 per hour) 120 100

Manufacturing overhead 201.35 341.55

($42 per DLH)

Total per unit cost $971.35 $841.55

6 0

3 years ago

A competitive advantage is based on the possession of distinctive competencies. By definition, distinctive competencies are: a.

Schach [20]

Answer:

d. firm-specific strengths that allow a company to differentiate its products from rivals or achieve lower costs than rivals.

Explanation:

Competitive advantage refers to the ability of a country or a company to produce a good or service using fewer inputs compared to its rival. The company can manufacture a larger quantity of goods using the same amount of factors of production as others.

Distinctive competencies are unique skills, methods, and practices that increase the competitiveness of a business. They are the specials traits that give an organization an advantage over competitors in producing a particular good or service. Distinctive competence may be core skills, technology, or methodology that competitors cannot replicate easily.

8 0

3 years ago