Answer:
$2,261,560
Explanation:
Budgeted finished goods inventory (June 1) = beginning = 500 units
Budgeted finished goods inventory (June 30) = ending =80 units
Planned sales (June) = 28,000 units
Direct labor hours = 4.1 per direct labor hour
Direct labor rate = $20 / direct labor rate
June production :
Planned sales + ending inventory - beginning inventory
(28000 + 80 - 500) units
= 27,580 units
Total Direct labor hour required for production :
27,580 × 4.1 = 113,078 labor hours
Cost of production:
Total direct labor hour × rate per hour
113,078 × $20 = $2,261,560
The most likely effect of an increase in income tax rate would be to INCREASE INT RATES.
capital gains, ongoing costs, and salary
interest, salary, and taxes
salary, interest, and dividends
b. lending your best friend $25.00 to buy a guitar
c. opening a savings account at a bank that pays high interest
d. comparing camera prices at different stores before buying one
Answer:
Option (A) is correct.
Explanation:
Marginal thinking refers to the type of thinking that a consumer uses in order to decide whether to buy an additional units or not. In marginal analysis, a consumer compares the marginal benefit and marginal cost associated with that additional unit.
If the marginal benefit is greater than the marginal cost then the consumer decided to consume the additional unit and if the marginal benefit is lower than the marginal cost then as a result the consumer will not buy an additional unit.
In our case, Marie is not buying the fourth banana because the marginal cost of fourth banana is greater than the marginal benefit from fourth banana.
Answer:
A Dominant Strategy
Explanation:
In game theory, a dominant strategy as the question states is a strategy that seeks to be the better strategy irrespective of what other players do. It is also a strategy that will always yield the highest payoff regardless of the actions of other players.
There are two types of strategic dominance:
A strictly dominant strategy will always provide greater utility to the player using it irrespective of the action or strategy of others
A weakly dominant strategy may not always give greater utility but the strategy strives to ensure that the same payoff or utility is attained equal to the strategy of other players and a greater payoff is attained wherever possible.
Source: Amazon - Relentless.com, The Economist, Print edition, June 21, 2014.
a) What is strategic thinking?
b) Why long-term perspective is important for strategic thinking?
c) What are the sources of Amazon’s success described in the mini case above?
A person uses strategic thinking as a mental or intellectual strategy to accomplish a goal or set of goals. It causes thought since it is a cognitive activity.
Why long-term perspective is important for strategic thinking?
Long-term in strategic thinking is defined as more than five years. Most strategic plans have a three to five-year time horizon. Tracking your progress toward goals may be made possible by having a strategic strategy in place. The success of your firm may be directly impacted by each department's and team's development when they are aware of the overall plan of the business, resulting in a top-down approach to measuring key performance indicators (KPIs).
Long-term goals are things you desire to accomplish in the months or years to come. This kind of goal-setting gives your job meaning, improves your decision-making, and provides plenty of everyday drive. In this post, we provide examples to help you understand how to employ long-term objectives to achieve significant things over time.
Learn more about strategic thinking:
#SPJ1