Answers
Answer: standards are based on the ultimate goals of a business
Explanation:
Standards set specialized goalsExamples-Financial standards
* Set goals for profit, cash flow and sale
-Quality control standards
*Set up production line check for defects in machinery or workmanship
Related Questions
use a well labelled group to explain why the introduction of maximum prices in the petrol industry will not be an ideal decision for the country's economy??
Answers
Implementing maximum prices in the petrol industry may not be an ideal decision for the country's economy.
Consumer Group:
Implementing maximum prices may initially benefit consumers as it could lead to lower fuel costs. However, it can have negative consequences in the long run. With lower prices, there may be increased demand for petrol, leading to shortages and long queues at gas stations. Additionally, if prices are kept artificially low, it can discourage investment in the industry, hampering exploration, production, and infrastructure development. This could result in limited supply and dependence on imports, potentially leading to fuel shortages and price fluctuations.Business Group:
For businesses in the petrol industry, maximum prices can restrict their ability to cover costs and maintain profitability. Fuel companies have various expenses such as exploration, refining, distribution, and employee wages. If prices are capped, it can lead to reduced profit margins, making it challenging for companies to invest in new technologies, research, and development, which are crucial for improving fuel efficiency and reducing environmental impacts.Government Group:
From a government perspective, implementing maximum prices can have adverse effects on tax revenues. Taxes on fuel sales contribute significantly to government revenue. If prices are capped, tax income will decrease, impacting the government's ability to fund public services and infrastructure projects. It can also limit the government's ability to incentivize renewable energy sources and reduce environmental pollution.Considering these factors, the introduction of maximum prices in the petrol industry may have unintended consequences such as supply shortages, reduced investment, profitability challenges for businesses, and decreased tax revenue for the government. It is crucial to strike a balance between consumer affordability, industry sustainability, and government revenue to ensure a stable and efficient petrol market.
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Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
Answers
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
Answers
If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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Please answer this macroeconomis numerical
Answers
If the supply of labor is fixed at 95, the equilibrium real wage rate will be:
Real Wage = Nominal Wage / P
= $10 / $2.00
= $5.00
What is equilibrium?Equilibrium refers to a state of balance or stability in a system where there is no tendency for change.
At equilibrium, the price and quantity of the good or service are determined, and there is no incentive for producers or consumers to change their behavior.
In the above case, if the supply of labor is fixed at 95, the equilibrium real wage rate will be $5.00
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1. How do customers judge the quality of a supermarket? 2. Indicate how and why each of these factors is important to the successful operation of a supermarket: a. Customer satisfaction b. Forecasting c. Capacity planning d. Location e. Inventory management f. Layout of the store g. Scheduling 3. What are some of the ways Wegmans uses technology to gain an edge over its competition?
Answers
Answer:
1. How do customers judge the quality of a supermarket?
They judge the quality of a supermarket depending on their values and most urgent needs.
Customers who value quality, and even luxury, will say that a good supermarket is one that offers high quality products.
Customers who value price, will prefer a low-cost supermarket.
2. Indicate how and why each of these factors is important to the successful operation of a supermarket:
a. Customer satisfaction - a very important factor because it determines how well the supermarket is serving its customers.
b. Forecasting - the supermarket needs to forecast all sorts of things, from, sales forecasts, to profit forescasts, to costs forecasts.
c. Capacity planning - the supermarket needs to know what it is actually able to do, and what projects it can embark on, for this, it needs to do a lot of capacity planning.
d. Location - Location is extremely important for a supermarket. It determines a large part of the customer demand because customers prefer supermarkets to be close to where they live.
e. Inventory management - Supermarkets need to manage inventories carefully, specially because a lot of the goods that a supermarket sells, are perishables.
f. Layout of the store - The Supermakert needs to be careful when determining the layout of the store. Customers want a layout that is easy to navigate, and where goods are placed according to a coherent classification.
g. Scheduling - The supermarket needs to establish a convenient schedule for its customer base.
What are some of the ways Wegmans uses technology to gain an edge over its competition?
Wegmans is characterized for its early adoption of ground-breaking technologies. For example, recently Wegmans developed a mobile application to assist blind shoppers.
QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Answers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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CSI project that business can use to support the local community
Answers
The project that business can use to support the local community is G. For Nonprofits .
What are the the projects?
The can be described as the project that encompasses external to the normal business activities of a company which is not directly for purposes of increasing company profit.
In conclusion, the project that business can use to support the local community is G. For Nonprofits .
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Ms. Tanja Umstead is 46 years old and lives in Richmond, British Columbia. She is in good health
and works in the sales department of a large publicly traded company.
Employment Information
1. Tanja's 2022 salary is $93,500. In addition, she was awarded a year-end bonus of $12,000, all
of which is payable in January 2023.
Answers
Answer: Based on the provided information, here is Tanja Umstead's employment information:
2022 Salary: $93,500
Year-end Bonus (2022): $12,000 (payable in January 2023)
Therefore, Tanja's total income for 2022 would be the sum of her salary and the year-end bonus:
Total Income for 2022 = Salary + Year-end Bonus
= $93,500 + $12,000
= $105,500
It's important to note that the year-end bonus of $12,000 will be paid in January 2023, which means it will be considered as part of her income for the following year (2023) rather than 2022
Explanation:
sandra would like to organize lab (a legal corporation) as either an s corporation or a c corporation for tax purposes. in either form, the entity is expected to generate an 8 percent annual before-tax return on a $775,000 investment. sandra's marginal income tax rate is 37 percent and her tax rate on qualified dividends and net capital gains is 20 percent. lab's income is not qualified business income (qbi), so sandra is not allowed to claim the qbi deduction. assume that lab will distribute all of its earnings after entity-level taxes every year. ignore the additional medicare tax and the net investment income tax when computing your answers.
Answers
The tax implications of organizing Lab as an S Corporation or a C Corporation would depend on the type of income generated by the corporation and the tax rates applicable to that income.
For an S Corporation, the business income is passed through to the shareholders, and they are taxed on their personal tax returns at their marginal tax rate. In this case, Sandra would be taxed on her share of Lab's income at a 37% marginal tax rate.
For a C Corporation, the business income is taxed at the corporate level before being distributed to the shareholders as dividends. The corporate tax rate is 21%, and the qualified dividends and net capital gains are taxed at a rate of 20% for individual taxpayers.
Assuming an 8% return on a $775,000 investment and ignoring entity-level taxes, the annual income would be $62,000. If Lab is organized as an S Corporation, Sandra would pay $22,940 in personal income taxes ($62,000 * 37%). If Lab is organized as a C Corporation, the corporate taxes would be $12,930 ($62,000 * 21%) and Sandra would pay $12,400 in individual taxes on the dividends received ($62,000 * 20%).
In this case, organizing Lab as an S Corporation would result in a higher tax liability for Sandra compared to organizing it as a C Corporation. However, the best option would depend on Sandra's personal financial situation and other factors, such as the type of income generated by the corporation and the tax implications of the different forms of business organization.
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A company purchased $10,300 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. On June 20, it returned $1,040 of that merchandise. The shipping charges for the purchase totaled $650. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals
Answers
Since the buyer pays the balance within 10 days, a 3% discount is applied and the cash paid on June 24 is $9,724.80
In order to answer this problem, let us journalize each transaction below.
On June 15
Account Title Debit Credit
Inventory $10,300
Freight-In $650
Accounts Payable $10,950
On June 20
Account Title Debit Credit
Accounts Payable $1,040
Inventory $1,040
So, upon payment on June 24, the total payment will be;
Account Title Debit Credit
Accounts Payable $9,910
Cash ((($10,300 - $1,040) x 98%) + $650) $9,724.80
Inventory $185.20
Hence, the company can avail the discount. So, since the buyer pays the balance within 10 days,The amount of cash paid on June 24 equal $9,724.80
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During job interviews, potential employers often ask candidates to describe a time where they have demonstrated their initiative and/or results driven skills. This week, you’ll have a chance to practice.
In paragraph 1, describe a time at work, home, or school where there was a problem and you took the initiative to solve that problem and to seek results on your own.
In paragraph 2, explain how the process went and describe the solution that you developed.
Answers
Answer:
During a pandemic everyone and everything is crazy and it hasn't gone very for me at work or at home. I guess that's why they say it's best for you stay home and quaretine for days because of a test that came back positive.
Explanation:
Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
Answers
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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according to safety protocols, what should be paula's next course of action?
Answers
The third option, informing her manager of the equipment issue, is absolutely correct.
What does "safety protocol" mean?Workplace safety protocols, also known as safety procedures, are detailed safety plans that walk employees through carrying out a specific workplace procedure safely. As a result, when referring to a protocol, both the process itself and the internal document created by an organization are included.
Employees are less likely to become ill or injured at work if safety and health standards are followed and a safe workplace is maintained. As a result, employers avoid paying direct expenses such as salary associated with absences.
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According to safety protocols, what should be Paula’s next course of action?
She should attempt to fix the mesh screen on the electric stacker.
She should inspect all of the machines in the warehouse.
She should inform her manager of the problem with the equipment.
She should make sure to wear the proper safety gear while using the stacker.
Do internet search enhance our knowledge in animal/fish raising?
Answers
Two countries trade with each other regularly. Country A has a strong economy and buys large quantities of natural resources from country Beach
year. Country B has a weaker economy, and $1 in country A's currency is
worth about $50 in country B's currency.
Which result would be most likely if the exchange rate suddenly became $1 in
country A's money for $75 in country B's money?
A. Country A would be forced to adopt a flexible exchange rate.
B. Country B would receive more value for its exported materials.
C. Country B would be forced to adopt a fixed exchange rate.
D. Country A would receive more value for its imported materials
Answers
Answer: B
Explanation: a p e x
The result would be most likely if the exchange rate suddenly became $1 in country A's money for $75 in country B's money, are Country B would receive more value for its exported materials. Thus, the option (b) is correct.
What is trade?
Trade is a term used to describe economic activities. Trade is the term used to describe the purchasing and selling of goods and services. Trade can take many various forms, including both domestic and international trade. Trading in financial terms refers to the buying and selling of securities or other assets.
Comparing the economies of the two nations, Country A has a stronger economy than Country B. Natural resources form the basis of both countries' trade systems. The countries' respective exchange rates are $1 in country A's currency and $75 in country B's currency. The material exported to country B would be more well received.
Therefore, option (b) is correct.
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Karishma and Stephen, co-owners of Roundtree Corporation, are discussing a new benefits package they are considering for their employees. The proposed plan is more expensive for the company than the current plan but will offer better benefits to the employees. Stephen wants to decide based solely on the effect on the owners of the corporation, while Karishma’s position is that the employees should be taken into consideration as well. Stephen is more concerned with the _____________ theory of management, and Karishma is more concerned with the __________ theory of management.
Answers
Stephen should be more concerned with the shareholder management theory and Karishma should be more concerned with the stakeholder management theory.
The following information should be considered:
For shareholder:
It is the owners of the company, It could be equity or preference shareholder.It should be considered when they are limited by shares.For stakeholder:
They are not the owners but have an interest in the company.Each company contains the stakeholder.It includes the creditors, government, etc.It should be considered for the performance of the company.Therefore we can conclude that Stephen should be more concerned with the shareholder management theory and Karishma should be more concerned with the stakeholder management theory.
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In 2020, a company receives advance payments from its customers. The company will deliver the products in 2021. At the end of 2020, the company will __________ related to this transaction (enter 1, 2, 3, or 4 that represents the correct answer).
1. record a deferred tax asset
2. record a deferred tax liability
3. have a permanent difference
4. report no difference between financial income and taxable income for 2020.
Answers
Answer:
In 2020, a company receives advance payments from its customers. The company will deliver the products in 2021. At the end of 2020, the company will ____1______ related to this transaction (enter 1, 2, 3, or 4 that represents the correct answer).
1. record a deferred tax asset
Explanation:
For having paid income tax in 2020 on the cash received for deferred revenue, the company will record a deferred tax asset. This deferred tax asset will then be offset in 2021 when the sales revenue will be recorded according to the financial income accounting. Deferred tax asset arises from the overpayment or advance payment of taxes. The opposite of a deferred tax asset is called a deferred tax liability, representing income tax owed, which will be settled in the coming years.
List three ways you can find jobs in the hidden job market.
Answers
Answer:
Student answers can include, but are not limited to: networking, direct contact, and research.
Explanation:
sample response; edge 2020
The three ways through which we can find jobs in the hidden job market are Word-of-mouth, networking, and research.
What do you mean by hidden job market?Employers who don't promote their openings but nonetheless need employees to fill them are said to operate in the "hidden" job market.
The term "hidden job market" describes positions not made publicly available by the company. The word "hidden" describes the practice of hiring people in a covert manner rather than the job's secrecy.
The opportunities not listed with recruiters or on job sites comprise the hidden job market. It can be expensive and time-consuming to post a position and receive a lot of applicants.
therefore, the three ways we can find jobs in the hidden job market are Word-of-mouth, networking, and research.
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Concord Inc. reported total assets of $6399000 and net income of $503000 for the current year. Concord determined that inventory was understated by $137000 at the beginning of the year and $60900 at the end of the year. Ignoring income taxes, what is the corrected amount for total assets and net income for the year
Answers
Answer:
TOTAL ASSETS$6,459,900
NET INCOME $426,900
Explanation:
Calculation for the corrected amount for total assets and net income for the year
Calculation for TOTAL ASSETS
Total assets $6,399,000
Add Ending understated inventory $60,900
TOTAL ASSETS$6,459,900
Calculation for NET INCOME
Net income of $503,000
Less Begining understated inventory ($137,000)
Add Ending understated inventory $60,900
NET INCOME $426,900
Therefore the corrected amount for total assets will be $6,459,900 and net income for the year will be $426,900
Kegler Bowling buys scorekeeping equipment with an invoice cost of $165,000. The electrical work required for the installation costs $17,000. Additional costs are $3,400 for delivery and $11,865 for sales tax. During the installation, the equipment was damaged and the cost of repair was $1,600. What is the total recorded cost of the scorekeeping equipment?
Answers
The scorekeeping equipment amounted to $198,865 recorded as a cost of equipment.
What is an Equipment?The collection of items or physical resources needed to outfit a person or object, such as the tools utilized during a task or operation of sporting goods equipment, all of a corporate enterprise's fixed assets, except land and buildings.
The calculation for the Total recorded Cost
Invoice cost + Installation cost + Additional Cost + Delivey charges + cost of Repair
= 165,000 + 17,000 + 3,400 + 11,865 + 1,600= $198,865
The Total recorded cost is $198,865.
Thus, the total recorded cost consists of all the costs of equipment including the purchase price, applicable sales taxes, shipping charges, and any additional expenses for preparing the item for use.
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Suppose the demand for French bread rises. Explain what happens to producer surplus in the market for French bread. Explain what happens to producer surplus in the market for flour.
Answers
Answer:
When the demand for French bread rises, the price of French bread will likely increase as well. This means that the quantity of French bread that sellers are willing and able to sell at each price will increase. As a result, the total amount of revenue that sellers of French bread receive will increase, which means that producer surplus in the market for French bread will increase.
In the market for flour, the increase in demand for French bread may lead to an increase in the price of flour. This is because the increased demand for French bread will likely increase the demand for flour as well, since flour is a key ingredient in making French bread. As the price of flour increases, the producer surplus in the market for flour will also increase.
It's worth noting that the exact change in producer surplus in the market for flour will depend on the elasticity of supply of flour. If the supply of flour is relatively inelastic, the increase in price will result in a larger increase in producer surplus, whereas if the supply of flour is more elastic, the increase in price will result in a smaller increase in producer surplus
A bed mart company is in the business of manufacturing beds and
pillows. The company has 40 hours for assembly and 32 hours for
finishing work per day. Manufacturing of a bed requires 4 hours for
assembly and 2 hours for finishing. Similarly a pillow requires 2 hours
for assembly and 4 hours for finishing. Profitability analysis indicates
that every bed would contribute Birr 80, while a pillow contribution is
Birr 55 respectively. Find out the daily production of the company to
maximise the contribution (profit). Solve the problem by graphical
method.
Answers
The maximum daily profit for the company is $860
What is an inequality
Inequality is an expression that shows the non equal comparison of two or more variables and numbers.
Let x represent the number of bed and y represent the number of pillow, hence:
4x + 2y ≤ 40 (1)
Also:
2x + 4y ≤ 32 (2)
From the graph, the solution is at:
(8, 4)
Profit = 80x + 55y = 80(8) + 55(4) = $860
The maximum daily profit for the company is $860
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Which of the following best explains what a futures contract is?
a. a contract preventing the future sale or exchange of a particular good
b. a contract limiting the future liability of one set of partners if a business fails
c. a contract setting the price for the exchange of two foreign currencies
d. a contract setting the price and date for a commodity purchase
Answers
Answer:
d. a contract setting the price and date for a commodity purchase
How can you become more like Fiji Water in life? Chapter 2, Lesson 1
Answers
Answer:
To be pure is to be yourself when it comes to fighting sin, and listening to what you believe is right over the devil instead. And to be pure is to be yourself when it comes to love, to discover the true placement of your heart, and to love the way you want to out loud, shameless.
Explanation:
Fiji water is pure so I said this. Hope this helps.
Which is an effect of cultural differences on global trade?
A. Though you are all speaking the same language during price negotiations, certain words have different meanings to each person in the conversation.
B. How a country represents the restrooms on a building layout.
C. Challenges finding the cheapest supplier of paper in a different county than where your corporate HQ resides.
D. All of these could potentially be cultural differences affecting global trade.
Answers
An effect of cultural differences on global trade is this: D. All of these could potentially be cultural differences affecting global trade.
What are Cultural Differences?Cultural differences refer to issues that pertain to people's ways of living. Language is a central aspect of culture.
When organizations set up their establishments in other climes, misunderstanding with communication can be common.
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Using RIA Checkpoint, locate the following cited items, and give a briefdescription of the topic or opinion in the item (pleasecopy the link from RIACheckpoint! or you will not receive credit for any of the answers below):
a.§ 6694(a).
b.Reg. § 1.6694–1(b).
c. Rev. Rul. 86-55, 1986-1 C.B. 373.
d. PLR 8022027
Answers
Reg. § 1.6694–1(b) defines the tax preparer for tax purposes. Rev. Rul. 86-55, 1986-1 C.B. 373 relates to tax return preparers and fines. PLR 8022027 is private letter ruling which deals with tax return liability.
What is tax liability?
The amount that a person, company, or other organization owes to a federal, state, or local tax authority is known as their tax liability. In general, you owe taxes when you gain money or make profits off of the sale of an investment or other asset.
If you don't have enough money to qualify for tax filing, you might not owe any income taxes. The tax on earned money is the most frequent type of tax owed by Americans. You use the internal revenue service's normal deductions and tax brackets when filing federal taxes.
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What is one major drawback of globalization?
Answers
Answer:
The oppression of weaker and poorer economies by those that are more robust; “the rich get richer, the poor get poorer”
Explanation:
A responsibility center is best described as?
a. any part of an organization that has responsibility for optimizing customer service and satisfaction
b. any financial sub-unit within an organization that has the responsibility to account for the performance of other organizational sub units.
c. any part of an organization whose manager has control over and is accountable for cost profit or investments
d. any part of an organization that has responsibility for managing product and service quality
Answers
Answer: C. Any part an organization whose manager has control over and is accountable for cost profit or investments.
Explanation: A responsibility center is an operational unit or entity within an organization, that is responsible for all the activities and tasks structured for that unit. These centers have their own goal, staffs, objectives, policies and procedures, and financial reports. And are used to balance responsibilities related to expenses incurred, revenue generated, and funds invested to an individual.
In a multinational or large corporation, the organization tasks are divided into a subtask, and each task is given to various small division or groups. In this context, all groups in that organization are responsibility centers.
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A stadium sold 4000 tickets at 75$/ticket, 5350 tickets at 62$/ticket and, 7542 tickets at 49$/ticket. What was the total ticket sales revenue?
Answers
Answer:
4000x70=280000
5350x62=331700
7542x49=369558
add that all up to get $981258
Hope this helps!
Smith Brothers, a furniture manufacturer based in North Carolina, has tie-ups with raw material suppliers and shipping companies who provide Smith Brothers a uniform pricing option across the United States. Despite the cost of production and distribution being the same across the United States, Smith Brothers charges more for its products on the West Coast than in other parts of the United States. Which of the following acts prohibits this practice?
a. Sherman Antitrust Act
b. Wheeler-Lea Amendment
c. Credit Card Accountability, Responsibility, and Disclosure Act
d.Telephone Consumer Protection Act
e. Robinson-Patman Act
Answers
Answer:
e. Robinson-Patman Act
Explanation:
Robinson-Patman Act is a federal law that aims to combat price discrimination by businesses. Companies are not allowed to supply goods at different prices in different locations.
The Act mostly applies to interstate trade and cooperatives are usually exempted.
In the given scenario Smith Brothers charges more for its products on the West Coast than in other parts of the United States. This is despite the fact that they get uniform cost of production across the country.
This is a violation of the Robinson-Patman Act