Kijijo Auctions runs an online auction company. Its end-of-year financial statements indicate the following results. Total asset

Response:

The strategy employed is a multibranding strategy

Explanation:

This approach signifies that the company assigns unique brand names to its products. It allows the manufacturer to sell various brands within the same product category.

In a multibranding strategy, competition from other brands is minimized in the marketplace. This method also bolsters the market presence of each distinct product.

If not managed effectively, a multibranding strategy can lead to significant losses for the organization.

Answer:

c. This does not qualify as plagiarism.

Clarification:

While implied references to Merck's charitable activities appear in the source material, it isn't classified as plagiarism since the source does not specify how Merck "motivates individuals throughout the organization". The student’s material mentions additional facts not derived from the source. Hence, it is not considered plagiarism.

Answer:

The conversion cost per equivalent unit in the mixing department amounts to $ 14.19

Explanation:

Step 1 Determine the Number of Units Completed

Hint: Input units in process must equal output units from the process

Thus, Units Completed = 4,000 units+8,000 units - 2,500 units

= 9,500 units

Step 2 Assess the total conversion cost for the period within the process

Hint: Conversion costs in Opening Work In Progress + Conversion Costs Initiated during the Process

So:

Opening Work In Progress         $55,000

Plus Costs Initiated during the Process $92,000

Total Conversion Costs              $149,000

Step 3 Calculate the total Equivalent Units concerning Conversion Costs

Completed Units - 100%               9,500

Closing Work in Progress - 40%   1,000

Total                                              10,500

Step 4 Determine the cost per equivalent unit for conversion costs in the mixing department

cost per equivalent unit for conversion costs= total conversion cost/ total Equivalent Units

= $149,000/ 10,500

= $ 14.19

Answer:

The estimated 90% confidence interval for the average depth of all frames in the consignment ranges from a lower boundary of 105.419 mm to an upper boundary of 106.581 mm.

Explanation:

The confidence interval for the mean is calculated as mean +/- margin of error (E)

mean = 106 mm

sample sd = 3.5mm

n is the sample size = 100

degree of freedom = n-1 = 100-1 = 99

confidence level (C) = 90% = 0.9

significance level = 1 - C = 1 - 0.9 = 0.1 = 10%

the critical value (t) for 99 degrees of freedom at a 10% significance level is 1.6602

E = t × sample sd/√n = 1.6602×3.5/√100 = 0.581 mm

Lower limit of mean = mean - E = 106 - 0.581 = 105.419 mm

Upper limit of mean = mean + E = 106 + 0.581 = 106.581 mm

The 90% confidence interval is (105.419 mm, 106.581 mm)