Answer: mental models.
Explanation: A mental model is an explanation of someone's thought process about how something works in the real world and learning a new mental model gives you a new way to see the world. Furthermore, It’s represent the surrounding world, the relationships between its several parts and an individual intuitive perception about his or her own acts and their consequences.
Answer:
Increase in income= $550,000
Explanation:
Giving the following information:
Variable costs per unit:
Manufacturing $60
If a special pricing order is accepted for 5,500 sails at a sales price of $ 160 per unit
Because there is no change in the fixed costs and there are no variable selling and administrative costs, the effect on income will be equal to the change in total contribution margin.
Total contribution margin= number of units* (selling price - unitary variable cost
Total contribution margin change= 5,500* (160 - 60)= $550,000
Increase in income= $550,000
Answer:
Fifo Ending Inventory = $ 690
Explanation:
The first in first out method implies that only the units at the end are left out in the ending inventory.
Fifo Ending Inventory = $ 690
10 units from third purchase at $ 35= $ 350
10 units from second purchase at $ 34= $ 340
Total 20 units FIFo method = $ 690
Working
Total Cost
Beginning inventory 10 units at $30 $ 300
First purchase 25 units at $32 $ 800
Second purchase 30 units at $34 $ 1020
Third purchase 10 units at $35 $ 350
Based on the situation above, the notices shouldn’t be
posted because if the sign has been posted, this will only result to giving
rise to a claim of defamation by which this is an act of destroying another
individual’s reputation.
Hello. You did not present a diagram to which the question refers. However, I will try to help you in the best possible way.
The income effect is the term related to the increase or decrease in the consumer's purchasing power in relation to the fluctuation in the price of consumer products and the value of the national currency. On the other hand, the substitution effect refers to the impact between the variation of the consumers' income value and the product's prices.
