The strategic alliance between GM and Lyft allows GM to hedge against uncertainty by giving GM access to the market of the future, increasing its market innovation.
Through this strategic alliance, GM demonstrates innovation in its processes by investing in a car rental market, as there is an expectation that in the future there will be a drastic reduction in private cars.
<h3 /><h3>What is a strategic alliance?</h3>
Corresponds to an agreement between two or more companies, where there is an independent partnership for sharing organizational resources, such as technology, market and knowledge.
Therefore, through the partnership with Lyft, GM is already entering an innovative and expanding market, developing its positioning strategy for the future.
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Answer:
$1,120
Explanation:
Ending Merchandise Inventory is value of closing inventory in hand, to be valued at lower of cost or net realizable value or replacement value
Here, cost of closing inventory = 7 units X $160 each = $1,120
Since current realizable/ replacement value = $1,155
Cost is less than realizable value, therefore cost will be considered.
Thus ending merchandise inventory will be valued at total of $1,120.
Answer:
Product Selling price Unit variable cost
$ $
Trunk switch 60 28
Gas door switch 75 33
Glove box light <u>40</u> <u> 22</u>
<u> 175 </u> <u> 83</u>
Composite contribution margin
= Composite selling price - Composite unit variable cost
= $175 - $83
= $92
Composite contribution margin ratio
= <u>Composite contribution margin</u>
Composite selling price
= <u>$92</u>
$175
= 0.525714285
Composite break-even point in dollars
= <u>Fixed cost</u>
Composite contribution margin ratio
=<u> $18,840</u>
0.525714285
= $35,837
Explanation:
In this case, there is need to add all the selling prices to obtain composite selling price. We also need to add all the unit variable costs to derive composite unit variable cost.
Composite contribution equals composite selling price minus composite unit variable cost.
Composite contribution margin ratio is the ratio of composite contribution to composite selling price.
Composite break-even point in dollars equal fixed cost divided by composite contribution margin ratio.
Answer:
Call in Arrear
The company calls for money from shareholders when needed within a certain period. If the shareholder is not able to pay the call amount due on an allotment or on any calls according to the terms before or on the specific date fixed for payment, such amount is taken as 'call in arrears'.
Explanation:
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Answer:
The journal entry is
Dr Cost of sales ---------------$22,000
Cr Factory overhead---------$22,000.
Explanation:
At the end of the year:
Total debits equal $624,000
Total credits equal $646,000.
The difference is $646,000 - $624,000 = $22,000
This $22,000 will be the balance at the beginning of the following year.
So the journal entry to close the balance in the Factory overhead account to cost of goods sold is:
Dr Cost of sales ---------------$22,000
Cr Factory overhead---------$22,000.
This means the overhead is under-applied(actual overhead is greater than the budgeted cost)
