Answer:
C. size of the gap between product benefits and price
Explanation:
I will use a scenario to explain this. Let's say that there is 2 machines. Machine A and Machine B.
- The cost of Machine A is $10,000. You can make around 2000 units of goods with it.
- The cost of Machine B is $50,000. You can make around 5000 unites of goods with it.
From the sample above, we can say that machine B is definitely better than machine A in terms of performance. BUT, machine A held more value compared to machine B.
To produce 1 units of goods, you need to sacrifice around $5 with machine A. If you use machine B, you need to sacrifice around $10 for a single good
Option D
This would produce a(n) Favorable direct labor efficiency variance
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Explanation:</u></h3>
The direct labor efficiency variance relates to the variance that occurs due to the variation within the standard and actual time utilized to compose finished products.
If operators produce a specified amount of units in a measure of time that is shorter than the measure of time provided by standards for that quantity of units, the variance is identified as favorable direct labor efficiency variance. There is favorable direct labor efficiency variance when the exact hours applied is less than the expected or usual hours.
Answer:
If they set the price of each ticket at $50, the profit of the promoters will be of $25,000
Explanation:
Earnings:
1,500 seats sold (1,000 die-hard fans + 500 casual fans) x $50 for ticket = $75,000
Costs: $50,000 (band, lighting, security, etc.)
Profit: $75,000 - $50,000 = $25,000
Answer:
Promissory estoppel is the legal principle that a promise is enforceable by law
Explanation:
Answer: D. $1,315,789
Explanation:
Return on Investment = Net operating income/ Average operating assets
Average return on Assets will therefore be;
= Net Operating Income/ Return on Investment
= 250,000/0.19
= $1,315,789.47
= $1,315,789
