The balanced scorecard perspective that focuses on using a firm's intellectual capital to adapt to customer needs through product or service innovations is the ______________________________ perspective
Fill in the blank(s) with correct word
learning and growth
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Which of the following is true of price elasticity?
A) When the price elasticity equals 0, we have unitary elasticity where the percentage change in volume is equal to the percentage change in price. B) Price elasticity is almost always a negative number due to the inverse relationship between price and volume. C) Prestige products that can see an increase in demand when their prices are increased have negative price elasticity. D) Price elasticities between –1 and –10 are inelastic because the percentage change in volume is greater than the percentage change in price. E) Price elasticities between zero and -1 are considered elastic, as the percentage change in volume is less than the percentage change in price.
To maximize profits, how many of each size container should Sicon produce? Given this product mix, what will the company's operating income be?
Sicon Containers produces restaurant storage containers. The company makes two sizes of containers: regular (55 gallon) and large (100 gallon). Demand for the products is so high that Sicon can sell as many of each size as it can produce. The company uses the same machinery to produce both sizes. The machinery can be run for only 2,500 hours per period. Sicon can produce 20 regular containers every hour, whereas it can produce 8 large containers in the same amount of time. Fixed costs amount to $250,000 per period. Sales prices and variable costs are as follows:
Match each account classification with its example.
A. Expenses B. Revenues C. Dividends D. Assets E. Stockholders' equity F. Liabilities
Incremental analysis focuses on factors that change from one decision to another
Indicate whether the statement is true or false