A way of gaining information on marketing problems and opportunities is called

Wavy Company had a beginning work in process inventory balance of $ 32 comma 900$32,900. During the year, $ 54 comma 700$54,700

vampirchik [111]

Answer:

The ending work in process inventory balance is $3,120

Explanation:

Ending work in process inventory =

Beginning Work in progress inventory + Direct materials + Direct labor + Manufacturing overhead (applied) – Cost of goods manufactured

Beginning Work in progress inventory =$32,900

Direct materials = $54,700

Direct labor = $64,100

Manufacturing overhead (applied) = 120% * $64,100 = $76,920

Cost of goods manufactured = $225,500

Ending work in process inventory = $32,900 + $54,700 + $64,100 + $76,920 - $225,500

= $3,120

Therefore, The ending work in process inventory balance is $3,120

3 0

3 years ago

See the production possibility tables for Marketopia and Econlandia below. Marketopia Econlandia Cookies Pies Cookies Pies 0 18

nordsb [41]

Answer: Marketopia has a comparative advantage in the production of pies.

Explanation:

The bakery with the comparative advantage in any of the goods is the one that has a lower opportunity cost in making it.

Marketopia.

Opportunity cost of Cookies = 18/30 pies = 0.6 pies

Opportunity cost of pies = 30/18 pies = 1.67 cookies

Econladia

Opportunity cost of Cookies = 9/90 pies = 0.1 pies

Opportunity cost of pies = 90/9 pies = 10 cookies

<em>It is shown that Marketopia has a comparative advantage in the production of pies because the opportunity cost of such is 1.67 cookies as opposed to Econladia which is 10 cookies. </em>

8 0

3 years ago

"In the late summer of 2005 some regions of the country were suffering from drought. What effect would we expect this to have on

den301095 [7]

Answer:

The answer is: You would expect a lower stock price.

Explanation:

Since John Deere´s main business is manufacturing and selling farming equipment you would expect its sales to rise when farmers are having a successful business year. But when farmers are having a very harsh and bad economic year then you would also expect John Deere´s sales to fall.

If your clients are suffering from a drought that means they will probably lose money or in a best case scenario earn a smaller profit. So they will have less money to invest in new equipment which results in lower sales for companies like John Deere. If John Deere´s sales are lower, they themselves will have a bad economic year so it is logical to assume that their stock price will fall.

3 0

3 years ago

If a quota is set above the equilibrium quantity, there will be: missed opportunities in the form of mutually beneficial transac

Anettt [7]

Answer:

The correct answer is no immediate effect..

Explanation:

The impact of the minimum price on the functioning of the market will depend on whether said price is below or above the equilibrium price (the price at which the market would freely tend if there were no public intervention).

If the minimum price is below the equilibrium price it has no impact since the market will naturally be above said minimum price.

On the other hand, if the minimum price is higher than the equilibrium price, this ceiling will prevent the market from reaching its equilibrium point. The price will be at said minimum level where the quantity supplied will be greater than the quantity demanded, which will cause an excess supply that will remain unsold.

If the maximum price is above the equilibrium price it will not have any impact since the market will naturally tend to be below this maximum limit.

If, on the contrary, the maximum price is lower than the equilibrium price, then this limit will prevent the market from reaching equilibrium. The price will be at the maximum limit where the quantity supplied will be less than the quantity demanded. This will cause excess demand, so part of it will remain unmet.

5 0

4 years ago

Which of the following conditions exists when data are isolated in separated information systems?

sineoko [7]

Information overload.A.

4 0

3 years ago