The start of defining the requirements for creating or buying applications software.
What does software mean in general terms?To control computers and carry out particular activities, software is a collection of instructions, data, or programs. Hardware, which describes a computer's external components, is the opposite of software. Applications, scripts, and other programs that operate on a device are collectively referred to as "software."
What does business software accomplish?A program or collection of programs that supports, enhances, and automates business processes is referred to as business management software. By assisting in the removal of errors, completing business duties, and reporting activities, this software improves productivity and efficiency as a whole.
To know more about software visit:
https://brainly.com/question/13091273
#SPJ4
When certain assumptions are used to create an economic model, the value of the model can be tested by its ability to?
When certain assumptions are used to create an economic model, the value of the model can be tested by its ability to "prediction outcomes".
The economic model is the model of prediction construct in which economic processes represents by a set of variables and the set of logical relationship between them. The types of economic model is theoretical economic model and empirical economic model.
The prediction outcomes in the economic model is the process of attempting to predict of the future condition or changes of the economy. Like, the government officials and the business managers use the economic model to predict the result.
To know more about economic model here,
https://brainly.com/question/14839877
#SPJ4
Support Material
Business functions
Activity 1:
Study the following scenarios and answer the questions that flow:
1.1 The sales department is constantly running out of stock because stocks are not ordered on time. The admin clerk is new and files the documents in the wrong place. The purchasing department was not even aware that they should order more stock.
1.1.1 Which department created the problem?
1.1.2 What will the consequences be if the sales department constantly runs out of stock?
1.1.3 How can the problem be solved?
1.2 The creditors are not paid on time and added interest to the account of the business.
1.2.1 Which department created the problem?
1.2.2 What will be the consequences if this continues to happen?
1.3 The workers are always complaining of the third grade stock they have to sell to customers.
1.3.1 Which department created the problem?
1.3.2 How can the problem be solved?
1.4 Clients are constantly surprised on the new items they get on the shelves and some of which they have not seen before?
1.4.1 Which department created the problem?
1.4.2 How can this problem be prevented in future?
In the scenario given, the department that was said to have created the problem is the admin department because the document to show that there was low stocks was filled in the wrong place and as such, the purchasing department was not made aware.
1.1. What will the consequences be if the sales department constantly runs out of stock?The consequences are:
They will have issues with customers demanding product and unfulfilled orders.Complains and lastly they will lose customers.How can the problem be solved?There should be a computerized system on all product and their quantities should be included such that when the product is getting low on stock, the system will alert the admin and appropriate steps to new buy product will be taken
1.2. Which department created the problem?Since the creditors were not paid on time, the department that created the problem is also the admin department
What will be the consequences if this continues to happen?They we be close done.They will not have anyone who will sell products to them.1.3.Which department created the problem?The purchasing department created this problem.
How can the problem be solved?The purchasing department need to buy quality Stocks. They can hire a professional who knows the quality so that he or she can help with the purchase.
1.4.
Which department created the problem?The sales department created this problem
How can this problem be prevented in future? The sales department need to use a method that will not surprise the people such that they can be create an ad or place the new product one at a time not all new product at the same time.
Learn more about admin department from
https://brainly.com/question/22446382
#SPJ1
Which of the following are true of price bundling? (Choose every correct answer.) Multiple select question. Price bundling helps customers stock up on a product. Each item within the bundle must have about the same value as others within that bundle. Different prices are charged to different people for the same bundle of products or services. Several popular items are frequently sold together for a lower combined price. A less popular item is sometimes bundled with a more desirable item.
Answer:
Price bundling helps customers stock up on a product.
A less popular item is sometimes bundled with a more desirable item.
Several popular items are frequently sold together for a lower combined price.
Explanation:
As the name suggest Price bundling is to combined the various products and convert into a package so that if the consumer calculate its individual price so it would be high as compared to the package. Here the profits could be increased due to promotion of more than one item
So according to the given options, the following statements should be considered true
It would help the customer to stock up the product
An item i.e. less popular can be bundled with the desriable item
Also the various kind of items would be sold at very less price
Richie and Saul are conducting a urvey on the mot popular board game played by tudent at their high chool. Richie interview 25 boy from grade 9 through 12 and conclude that card game are the mot popular among high chool tudent. Saul peak with 20 tudent, including girl and boy, from grade 9 through 12 and conclude that word game are the mot popular among high chool tudent. Whoe generalization i valid? Why?
The generalization made by
i valid becaue he included
Given that Saul spoke with both boys and females, his generalization is accurate.
What is meant by generalizing in psychology?A generalization is a kind of abstraction where the general traits of specific cases are articulated as overarching concepts or claims. Generalizations presuppose a domain or collection of elements, as well as one or more shared characteristics.
Why is being general useful?Generalization is the capacity to do an action, engage in an activity, or display a behavior in a variety of situations, with a variety of people, and at a variety of times. Our ability to complete routine tasks in a variety of contexts and settings is due to the fact that we have "generalized" the necessary skills.
Learn more about overarching concepts: https://brainly.com/question/13524778
#SPJ4
(1 point
3. The ICorp company markets a successful line of computer equipment. Recently, they have
begun to make a new type of smart phone. The public isn't enthusiastic about the new product,
and during the first year, it does poorly on the market. To combat this, ICorp launches a new
marketing campaign, running television and radio ads, purchasing billboard space, and even
integrating their product into an episode of a highly viewed TV show. ICorp's reaction is an
example of an)
A)availability heuristic
B) representative heuristic
C) escalation of commitment
D) behavioral directive
Answer:
C
Explanation:
sbhsvsgsgdhshhehsdhhdus
Answer:
C Escalation of commitment
Explanation:
This is where "It's going to work, eventually" comes into play. Usually happens with those who think their way is the only way.
define education please
Which situation describes a monopoly market structure?
A. Many different vendors sell the same few T-shirt designs to fans at
a concert.
B. Solar panels are only available from two companies operating in a
country
C. A lot of new Chinese restaurants open in an area with a growing
Chinese population
D. One company builds and sells all of the cars available in a
developing country.
Answer:
D. One company builds and sells all of the cars available in a
developing country. That if so gives the one company a monopoly, because there is only one company supplying that service.
"free enterprise" and "________________" are terms for an economy based on private businesses competing for profits in open markets with minimal government regulations.
Answer:
entrepreneurship for them and
Acme Fasteners keeps efficiency high by making a million of each kind of bolt
at a time. But its customers usually want to buy only 1,000 to 10,000 of a kind
at a time. What service of wholesalers can best help Acme in this situation?
O
A. Buying large quantities and selling in smaller lots needed by
customers
O
B. Transporting fasteners to storage facilities
O
C. Being experts in fasteners and customers who use them
O
D. Keeping fasteners stored without theft or other kinds of loss
Answer:
A. Buying large quantities and selling in smaller lots needed by customers
Explanation:
Wholesalers can best help Acme in this situation by buying large quantities and selling in smaller lots needed. Thus, option A is correct.
Who is the customer?A customer is a client who places a request for a commodity, payments for such a product or service, and then receive it. The person who purchases a good or receives a service is known as a customer. A consumer is essentially the person who pays for the item or service.
In this situation, the wholesaler should buy the quantities in bulk that is being produced by the company and then divide the load into smaller quantity of 1000 unit or 10000 unit so that they can easily sell it to the customer and also benefit from the same and earn a profit from the same. Also, bulk buying can provide them with some offers.
Therefore, option A is the correct option.
Learn more about customers, here:
https://brainly.com/question/28502787
#SPJ2
the majority of appointed u.s. treasury secretaries have been either former partners or managers of goldman sachs, which is a global investment management firm. sociologists would argue that this overlap between private business and the federal government is an example of
The majority of appointed U.S. treasury secretaries have been either former partners or managers of goldman sachs, which is a global investment management firm. sociologists would argue that this overlap between private business and the federal government is an example of crony capitalism.
This overlap between private business and the federal government is an example of crony capitalism, which is an economic system where businesses have an advantage over competitors due to their political connections and favoritism from government leaders. Crony capitalism leads to an unequal distribution of resources and opportunities, as certain businesses have an advantage over others that lack these connections.
In the case of the U.S. Treasury, the majority of appointed secretaries have been either former partners or managers of Goldman Sachs, a global investment management firm. This means that the federal government is likely granting special favors and advantages to those with ties to Goldman Sachs, disadvantaging other businesses and individuals. This also implies that Goldman Sachs has some form of influence on the decisions of the federal government, further entrenching the crony capitalist system.
Crony capitalism is a form of corruption that distorts free market dynamics and enables wealthy, powerful individuals to exploit resources and influence policy decisions to their own advantage. It is unfair and damaging to both citizens and businesses, and should be actively opposed.
To summarize, the overlap between private business and the federal government is an example of crony capitalism.
For more such questions on Crony capitalism.
https://brainly.com/question/18296394#
#SPJ11
Plz help
Which investment strategy would work best if you wanted to make a lot of
money quickly?
A. Low risk, high return
B. High risk, low return
C. High risk, high return
D. Low risk, low return
Answer:
a. because if your risking small your return is still higher it doesn't matter if you risk acouple time and lose some because when your getting your return it's more then what you risked (I think)
Answer:
high risk high return.
Explanation:
Select the correct answer.
Which management function is also a financial responsibility?
A. lanning
B. organizing
C. staffing
D. coordinating
E. controlling
Answer:
The answer is...
planning
During planning, you use financial responsibility. Financial responsibility refers to the process of managing money and other similar assets in a way that is considered productive and is also in the best interest of the individual, or the family, or the business company.
Mark me brainliest if this helps.
The planning is the management function, which is also a financial responsibility.
What is a management function?Management functions mean the five broad activities that managers perform to achieve organizational goals: planning, organizing, staffing, directing, and controlling.
The first and the most important function of management is planning. Planning involves setting objectives in advance, a goal which is to be achieved within a stipulated time. Various alternatives are formulated in order to achieve the goals.
Thus, Option A is true as planning is the management function, which is also a financial responsibility.
Learn more about Management functions here,
https://brainly.com/question/15351742
#SPJ2
Small, family owned businesses usually require applicants to submit electronic résumés. truefalse
Small, family owned businesses usually require applicants to submit electronic résumés. true
It is important for job seekers to carefully read and follow the application instructions provided by each business, including the preferred format for résumés. It may also be helpful to research the company's hiring practices and tailor the application accordingly.
Ultimately, the hiring practices of small, family owned businesses can vary widely and job seekers should be prepared to adapt their approach depending on the specific requirements and preferences of each prospective employer
Learn more about businesses
https://brainly.com/question/15826679
#SPJ4
Discuss reasons why a business might choose to sell direct to customers through a website with e-commerce facilities, as opposed to through fixed (physical ‘bricks and mortar') premises.
Answer:
Businesses might prefer selling direct to customers through a website with e-commerce facilities because:
1. For covering a wider distance, distance is not a barrier.
2. For flexibility for customers, as some e-commerce even accepts cryptocurrency payments.
3. For product and price comparison.
4. For saving cost incurred from having fixed (physical ‘bricks and mortar') premises.
5. For saving the cost of paying workers.
6. For maintaining social distancing protocol given by the government especially during the pandemic. This doesn't put anyone at risk.
Explanation:
The question above asks for justifications why a business might choose to sell direct to customers through a website with e-commerce facilities rather than selling to customers through fixed (physical ‘bricks and mortar') premises.
First, selling to customers through a website with e-commerce facilities involve virtual transactions with customers paying for goods and services they are interested in over the internet. With this, customers can pay with their bank cards through e-commerce websites. While selling through fixed (physical ‘bricks and mortar') premises involve direct contact in-person with the customer and possibly payment is made in cash or through any other accepted methods.
What is the role of technology in the accounting process?
Answer:
using a computer
Explanation:
calculations
PLEASE HELP FAST!!! What is the MOST likely reason that lottery winners often end up with serious financial problems?
They make financial decisions that are not based on their emotions.
They become victims of fraud by those looking to take advantage of the wealthy.
They think over their financial decisions too thoroughly.
The weigh their long- and short-term financial goals before making any decisions.
Answer:
They become victims of fraud by those looking to take advantage of the wealthy.
Explanation:
The most likely reason that lottery winners often end up with serious financial problems is: “They become victims of fraud by those looking to take advantage of the wealthy.” Hence, Option B is correct.
What does financial problems mean?Financial difficulty is the inability to make either short-term or long-term debt payments. Debt makes managing money more difficult and reduces one's purchasing power.
Up until all obligations are paid, financial issues become a source of worry. It is necessary to find a solution so that debts can be paid back. Students frequently struggle to pay their bills and afford their education, and many of them have poor incomes, limited financial literacy, and many more.
Families are vulnerable to the destructive effects of economic hardship and financial turmoil. Many families lose their houses, automobiles, retirement accounts, valuables, money, health insurance, and other things during hard economic times.
Therefore, Option B is correct.
Learn more about financial problems from here:
https://brainly.com/question/10534532
#SPJ5
Which of the following is not impermissible collector contact under the Fair Debt Collection Practice Act?
A. contacting the debtor at inconvenient times or at inconvenient places
B. contacting the debtor once the debtor has asked the creditor not to call
C. contacting the debtor once the debtor gives written notice of refusal to pay the debt
D. contacting the debtor once the debtor informs the collector of attorney representation
Contacting the debtor once the debtor informs the collector of attorney representation is not impermissible under the FDCPA is the answer. The correct option is option D.
Under the Fair Debt Collection Practices Act (FDCPA), contacting the debtor at inconvenient times or places, contacting the debtor once the debtor has asked the creditor not to call, and contacting the debtor once the debtor gives written notice of refusal to pay the debt are impermissible collector contacts.
The FDCPA provides guidelines and restrictions on how debt collectors can interact with debtors. It prohibits certain practices to protect consumers from harassment or unfair treatment. Among the options given, contacting the debtor once the debtor informs the collector of attorney representation is not considered impermissible under the FDCPA.
Contacting the debtor at inconvenient times or places is impermissible. Debt collectors are restricted from contacting debtors at times known to be inconvenient, such as early morning or late at night, unless the debtor agrees to it.
Contacting the debtor once the debtor has asked the creditor not to call is impermissible. If the debtor requests the creditor to stop contacting them, the creditor must respect that request.
Contacting the debtor once the debtor gives written notice of refusal to pay the debt is impermissible. If the debtor provides written notice that they refuse to pay the debt or wish to dispute it, the collector should cease further communication.
Contacting the debtor once the debtor informs the collector of attorney representation is permissible. When the debtor informs the collector that they have legal representation, the collector may contact the attorney instead of the debtor directly.
Learn more about attorney here :
https://brainly.com/question/32193549
#SPJ11
The assumption of asymmetric information means that:.
4. To promote diversity, companies actively seek and promote individuals in all of the following areas
except
1. educational levels.
2.ages
3. Races
4. National origins
Answer:
1.
Explanation:
Educational levels cannot be diversified depending on the position, many require a minimum level of education to properly conduct job functions.
The journal entry to record the issuing of 100 bonds at their $1,000 face value will include a debit to.
The journal entry to record the issuing of 100 bonds at their $1,000 face value will include a debit to cash.
A journal entry is the record of the financial transaction of a business in its financial books. The transactions of a business are recorded in a journal, which indicates the debit and credit balances. These specific entries can help in the authentication of transactions and also helps to know if they are supported with bills.
In the given sentence, cash will always be recorded as a debit, and Bonds due will always be recorded as a credit as it pays interest periodically. Therefore, The journal entry to record the issuing of 100 bonds at their $1,000 face value will include a debit to cash and a credit to bonds payable.
Read more about journal entries on:
https://brainly.com/question/14279491
#SPJ4
During 20-n, Rachael Lopez, president of Mathieson Company, was paid a semimonthly salary of $8,500. Compute the amount of FICA taxes that should be withheld from her. Note: Rachael's tax return status is single. If an amount is zero, enter " 0 ".
a. 9th paycheck
b/ 17th paycheck
c. 23rd paycheck
d. If Lopez's year-to-date earnings as of her 24th paycheck are $204,600 and her year-end bonus is $100,000, how much is the additional 0.9% HI tax on all total earnings?
The FICA taxes withheld from Rachael Lopez's salary are as follows:
a. 9th paycheck: Social Security $527, Medicare $123.25
b. 17th paycheck: Social Security $527, Medicare $123.25
c. 23rd paycheck: Social Security $527, Medicare $123.25
d. Additional 0.9% HI tax: $2,741.40
1. Social Security Tax (OASDI):
The Social Security tax rate is 6.2% on wages up to the Social Security wage base, which for 20-n is assumed to be $142,800.
a. For the 9th paycheck:
The semimonthly salary is $8,500, so the amount subject to Social Security tax is $8,500.
Social Security tax withheld = $8,500 * 6.2% = $527.
b. For the 17th paycheck:
Same as above, the semimonthly salary is $8,500, so the amount subject to Social Security tax is $8,500.
Social Security tax withheld = $8,500 * 6.2% = $527.
c. For the 23rd paycheck:
Same as above, the semimonthly salary is $8,500, so the amount subject to Social Security tax is $8,500.
Social Security tax withheld = $8,500 * 6.2% = $527.
2. Medicare Tax (HI):
The Medicare tax rate is 1.45% on all wages earned.
a. For the 9th paycheck:
The semimonthly salary is $8,500, so the amount subject to Medicare tax is $8,500.
Medicare tax withheld = $8,500 * 1.45% = $123.25.
b. For the 17th paycheck:
Same as above, the semimonthly salary is $8,500, so the amount subject to Medicare tax is $8,500.
Medicare tax withheld = $8,500 * 1.45% = $123.25.
c. For the 23rd paycheck:
Same as above, the semimonthly salary is $8,500, so the amount subject to Medicare tax is $8,500.
Medicare tax withheld = $8,500 * 1.45% = $123.25.
d. Additional 0.9% HI Tax:
To calculate the additional 0.9% HI tax on all total earnings, we need to consider Rachael Lopez's year-to-date earnings, including the year-end bonus.
Total earnings = Year-to-date earnings + Year-end bonus
Total earnings = $204,600 + $100,000 = $304,600
Additional HI tax = Total earnings * 0.9%
Additional HI tax = $304,600 * 0.9% = $2,741.40
Therefore, the FICA taxes withheld from Rachael Lopez's salary are as follows:
a. 9th paycheck: Social Security $527, Medicare $123.25
b. 17th paycheck: Social Security $527, Medicare $123.25
c. 23rd paycheck: Social Security $527, Medicare $123.25
d. Additional 0.9% HI tax: $2,741.40
for more questions on taxes
https://brainly.com/question/28798067
#SPJ8
To calculate FICA taxes withheld from Rachael Lopez's semimonthly salary of $8,500, multiply the salary by the Social Security and Medicare tax rates. For the 23rd paycheck, add the salary to year-to-date earnings and calculate the HI tax rate on the total earnings.
Explanation:To calculate the amount of FICA taxes that should be withheld from Rachael Lopez's semimonthly salary of $8,500, we need to apply the appropriate FICA tax rates. For the 9th paycheck, the Social Security tax rate is 6.2% and the Medicare tax rate is 1.45%. To find the amount of Social Security tax withheld, multiply $8,500 by 6.2% and divide by 100. For the Medicare tax, multiply $8,500 by 1.45% and divide by 100.
For the 17th paycheck, the process is the same. However, for the 23rd paycheck, we should consider that $8,500 will be added to the year-to-date earnings. To calculate the HI (Additional Medicare) tax on all total earnings (including the extra $8,500), multiply the total earnings (year-to-date earnings plus the year-end bonus) by 0.9% and divide by 100.
Learn more about FICA taxes here:https://brainly.com/question/32283849
#SPJ12
Identify each economic characteristic listed as either inflation or recession.
1. businesses expand
2. borrowing is easy
3. production cutbacks
4. consumers spend more
5. unemployment increases
The economic and recession characteristics of each are listed. A recession is a period of recession marked by rising unemployment, a falling stock market, and a falling housing market.
The general rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth indicates a recession, but a more complex formula is used.
Economists at the National Bureau of Economic Research (NBER) measure recessions by looking at nonfarm payrolls, industrial production, retail sales, and more. This goes well beyond the simpler (though less precise) measurement of two-quarters of negative GDP. However, the NBER also states that "there are no hard and fast rules about which actions inform the process or how they are weighted in decision-making."
Economists measure the length of a recession from the peak of the previous expansion to the recession trough.
The recession may only last for a few months, but the economy may not recover to the peak it had many years ago. The past 10 recessions have been predicted by inverted yield curves, but some of the predicted recessions have not materialized.
Unemployment rates often remain high leading into the recovery, so the early stages of the recovery can feel like a prolonged recession for many. Countries are using fiscal and monetary policies to contain the risk of recession.
Know more about recession here:
https://brainly.com/question/14735206
#SPJ1
________ means the supply curve has shifted to the right, while ________ refers to a movement along a given supply curve in response to an increase in price.
An increase in supply means the supply curve has shifted to the right, while an increase in quantity supplied refers to a movement along a given supply curve in response to an increase in price.
What would shift a supply curve down and to the right?
In contrast, a drop in input costs will cause the supply curve to move to the right. Technology. An increase in technology will shift the supply curve to the right. Conversely, a decrease in technology will shift the supply curve to the left.What does it mean when the supply curve shifts to the right?
When demand is constant and supply is increasing, the supply curve moves to the right, creating an intersection where quantity and prices are lower. On the other hand, a negative change in supply causes the curve to move to the left, raising prices and lowering quantity.Which would cause a shift in the supply curve ?
When a change is brought about by a source other than price, the supply curve shifts.Learn more about supply curve
brainly.com/question/14925184
#SPJ4
Your company will need a business plan in order to do what? A. Increase revenue. B. Identify an opportunity. C. Pay taxes. D. Get funding. Please select the best answer from the choices provided
Answer:
Get Funding
Explanation:
Hope this helps :)
Answer:
D
Explanation:
Get Funding
what does these symbols mean on a measuring tape' &"
Amazon collects massive amounts of data about how, when, why, where, and what people buy, and then analyzes those data to better serve its customers. This activity refers to.
The activity where Amazon collects massive amounts of data to use to analyze customers is known as:
Marketing AnalyticsWhat is Data Analysis?This refers to the use of data for analysis where the different sets of data are separated and sampled so as to monitor behavior.
With this in mind, we can see that because big companies make use of marketing analytics in order to correctly analyse their customers and what they are searching, what they like doing as a means to better serve their customers.
Read more about marketing analytics here:
https://brainly.com/question/26199645
The federal reserve can affect you through
As the Federal Reserve conducts monetary policy, it influences employment and inflation primarily through using its policy tools to influence the availability and cost of credit in the economy.
nathan was worried that his company was missing a lot of opportunity to sell their products in china because of the separation created by language, culture, and distance. in other words, his company had a lack of blank . multiple choice question. metrics knowledge manufacturing financial expertise
Export assistance services for U.S. non-agricultural businesses are led by the Department of Commerce's International Trade Administration (ITA).
In most exporting situations, what kind of business is typically utilized as a reliable intermediary?
Distributors.are intermediaries for exports who represent the business on the international market.Distributors frequently act as the "face" of numerous businesses in a country, selling products, assisting customers, and receiving payments.
Which three kinds of countertrade are there?
Counter trade is classified as:barter, offset, switch trading, counter-purchase, and compensation or buyback.
A buyback is a counter trade when a company agrees to take a certain percentage of the plant's output as partial payment for a contract to build a manufacturing facility or provide technology, equipment, training, or other services to a country.
Learn more about U.S. non-agricultural businesses here:
https://brainly.com/question/28648399
#SPJ4
Why do industries like electricity or cable TV have just one or two major firms while other industries like restaurants or clothes have hundreds or thousands?
What might be a general difference that leads to some industries having many firms while others are dominated by just one or two
There are several reasons why some industries have only one or two major firms while others have hundreds or thousands. One key factor is the level of barriers to entry. In industries with high barriers to entry, such as electricity or cable TV, it can be difficult for new firms to enter the market and compete with established players.
These industries often require significant infrastructure, technology, and regulatory approvals, which can limit the number of firms that can enter and survive. As a result, the few firms that do manage to enter and establish themselves tend to dominate the market. On the other hand, industries with low barriers to entry, such as restaurants or clothes, are more accessible to new firms. These industries typically require less capital investment and fewer regulatory approvals, making it easier for new firms to enter the market and compete with established players. This leads to a larger number of firms in these industries, and more competition among them.
In addition, the level of product differentiation can also impact the number of firms in an industry. Industries with homogeneous products, such as electricity or cable TV, tend to have fewer firms since there are fewer ways to differentiate products and services. In contrast, industries with differentiated products, such as restaurants or clothes, can support a larger number of firms since there are more ways to differentiate products and services, and meet the varied needs and preferences of consumers.
To know more about level of barriers visit:
https://brainly.com/question/30461409
#SPJ11
a company has already incurred a $55,000 cost in partially producing its three products. their selling prices when partially and fully processed are shown in the following table with the additional costs necessary to finish their processing. based on this information, should any products be processed further?
Based on the information provided, it is important to consider the total cost of each product after it has been fully processed. The table shows that Product A has a selling price of $100 when fully processed with an additional cost of $45 to complete its processing. This means that the total cost of Product A would be $100 + $45 = $145.
Similarly, Product B has a selling price of $130 when fully processed with an additional cost of $60 to complete its processing. Therefore, the total cost of Product B would be $130 + $60 = $190.
Finally, Product C has a selling price of $90 when fully processed with an additional cost of $35 to complete its processing. The total cost of Product C would be $90 + $35 = $125.
Now, let's consider the $55,000 cost that the company has already incurred in partially producing the three products. If we divide this cost equally among the three products, we get $18,333.33 per product.
Taking this into account, we can calculate the total cost of each product if it were to be fully processed using the additional costs provided. The total cost of Product A would be $145 + $18,333.33 = $18,478.33. The total cost of Product B would be $190 + $18,333.33 = $18,523.33. The total cost of Product C would be $125 + $18,333.33 = $18,458.33.
Comparing these total costs to the selling prices of the products, we can see that Product B would generate the highest profit margin of $130 - $18,523.33 = $13,676.67. Products A and C, on the other hand, would result in lower profit margins of $100 - $18,478.33 = $14,78.33 and $90 - $18,458.33 = $71.67, respectively.
Therefore, it would be wise for the company to process Product B further, as it would generate the highest profit margin. Products A and C may also be processed further, but they would result in lower profit margins compared to Product B.
Know more about lower profit margins here:
https://brainly.com/question/31809495
#SPJ11