decision. These factors include transportation costs‚ meeting each outlet’s needed supply and being able to continue providing their consumers quality Shower-Rifics that is expected from them. Rockford‚ Madison and Detroit are the three possible choices for the two new manufacturing plants. These locations vary in distance from the existing outlets in Chicago‚ Milwaukee‚ Minneapolis and Detroit which is why there are differences in transportation costs. Constraints like minimizing transportation costs
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3. Describe what Pareto efficiency is and why economists use this criterion for comparing alternative economic systems. Use a graphic display in this essay. The term is named for an Italian economist‚ Vilfreo Pareto. A central concept in economics is Pareto efficiency. A situation is said to be Pareto efficient if there is no way to rearrange things to make at least one person better off without making anyone worse off. What makes Pareto efficiency important is that almost everyone would agree that
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Bangalore and hails from a middle class family‚ where his father was a defense scientist. At the age of 14 he was recognized as the worlds youngest certified Professional Web-developer through his project coolhindustan.com. Mr. Gopinath was very assertive to be an entrepreneur and wanted to encourage the youth‚ he setup Globals Inc‚ in the year 2000 at San Jose‚ California as the laws in India did not allow him to setup a company in the country as he was still minor. From then Globals
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000 1‚000 21‚000 Unit selling price $15.00 $2.00 Total process costs: After split-off $12‚000 $280 $12‚280 Joint costs $100‚000 a. Calculate the cost of the syrup if the sugar is considered a by-product and the gross margin from its sale is considered to be a reduction of syrup costs. Products Sales Value Costs beyond split-off Difference Joint costs allocation Syrup $300‚000 12‚000 288‚000 $99‚406 Sugar $2‚000 280 1‚720 $594 $289‚720 Calculation: 288‚000 x 100
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groups tend to be permanent fixtures with ongoing goals or responsibilities. Team A team comprises three or more people who may come from different departments within a business‚ but they collaborate over time to achieve some set purpose‚ goal or project. For instance‚ before a small business creates a new product‚ it may organize a team composed of people from all departments – engineering‚ finance‚ legal‚ marketing‚ etc. – to consider all aspects of the potential new product to avoid costly surprises
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DAVIS Explain the relationship between discipline and obedience from the Montessori perspective and discuss how discipline and obedience are linked to the development of the will. The word discipline’ has a harsh connotation in today’s society. It conveys images of strict teachers with canes and authoritarian figures laying down the law. It is something enforced by external forces and maintained by fear of repercussions or punishment. But this kind of forced discipline only appears from the outside
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Percentage of Physical Completion w/respect Equivalent Units Units to conversion Direct Material Conversion Work in Process‚ October 1 1‚000 40% Units Started during October 5‚000 Total Units to account for 6‚000 Units from beginning WIP‚ completed & transferred out during October 1‚000 100% 1‚000 1‚000 Units started & completed during Oct 3‚000 3‚000 3‚000 Work in Process‚ Oct 31 (20% as to con) 2‚000 20% 2‚000 400 Total Equivalent Units 6‚000
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completed. Categories analyzed in this exposure analysis include all of the following except: ______. Student Answer: terms with no quantifiable impact key contract terms significant contract terms informational terms from the RFP Instructor Explanation: Page
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Managerial theories of the firm Managerial theories of the firm place emphasis on various incentive mechanisms in explaining the behaviour of managers and the implications of this conduct for their companies and the wider economy. According to traditional theories‚ the firm is controlled by its owners and thus wishes to maximise short run profits. The more contemporary managerial theories of the firm examine the possibility that the firm is controlled not by its owners‚ but by its managers‚ and
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PROBLEM 2-21B Predetermined Overhead Rate; Disposition of Underapplied or Overapplied Overhead (LO1‚ LO7) CHECK FIGURE (2) Underapplied: $68‚600 Adriana Company is highly automated and uses computers to control manufacturing operations. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of computer-hours. The following estimates were used in preparing the predetermined overhead rate at the beginning of the year: Computer-hours
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