What is accomplished by the Mondragon Corporation’s pay solidarity rules?
a. preventing too high a percentage of profits from going to workers instead of the
company
b. capping the amount any worker can make in any one given year
c. equal distribution of profits
d. limiting the range of pay disparity between the highest and lowest earners
d. limiting the range of pay disparity between the highest and lowest earners
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How has technology impacted the globalization of economic activity?
a. Technological innovation has led to decreased mechanization of economic activities. b. Technological innovation and invention have increased productivity. c. The rise of the Internet has increased communication costs in the service industry. d. Technology has led to a greater separation between people and enterprises.
Ahmed & Co. makes and sells two types of shoes, Plain and Fancy. Data concerning these products are as follows: Plain FancyUnit selling price$20.00 $35.00 Variable cost per unit 12.00 24.50 Sixty percent of the unit sales are Plain, and annual fixed expenses are $45,000. Assuming that the sales mix remains constant, the number of units of Plain that Ahmed must sell to break even is:
A. 5,625. B. 3,000. C. 2,000. D. 3,375. E. 5,000.
Townson Company is making plans for the introduction of a new product, which has a target selling price of $7 per unit. The following estimates of manufacturing costs have been derived for 6 million units, to be produced during the first year: Direct material: $6,000,000 Direct labor: $2,100,000 (at $14 per hour)Overhead costs have not yet been estimated, but monthly data on total production and overhead for the past 12 months have been analyzed by using least-squares regression. The major overhead cost driver is direct labor hours, with the following results: Computed values: Fixed overhead cost: $3,200,000 Coefficient of independent variable: $2.25Required: A. Prepare the company's regression equation (Y = a + bX) to estimate overhead.B. Calculate the predicted overhead cost
at an activity level of 6,300,000 units.C. What is Townson's dependent variable in this case? What will be an ideal response?
Funds on deposit at commercial banks having variable maturities and yields based on size, maturity, and prevailing money market conditions are ________
A) negotiable certificates of deposit B) commercial paper C) savings accounts D) money market mutual funds