Use the Information Below to Answer the Following Question(s)

question 73

Multiple Choice

Use the information below to answer the following question(s) .Cranbrook Chemical Ltd.manufactures two industrial compounds.In the month of May, 15,000 litres of direct material costing $160,000 were processed at a cost of $400,000.The joint process yielded 16,000 containers of a compound known as Jarlon and 4,000 containers of a compound known as Kharton.The respective selling prices of Jarlon and Kharton are $38 and $58.Both products may be processed further.Jarlon may be processed into Jaxton at an incremental cost of $8 per jar of the final product while Kharton may be processed into Kraxton at an additional cost of $32 per jar of the final product.The volume of jars of the final product are: 12,000 and 3,000 for Jaxton and Kraxton respectively.The selling price of Jaxton is $48 per jar.The selling price of Kraxton is $102 per jar.
-Assuming Cranbrook uses the sales value at splitoff method and 2,000 containers of Jarlon and 75 containers of Kharton are unsold at the end of the period, Cranbrook would report ending inventory of

• A)$38,272.
• B)$56,598.
• C)$53,560.
• D)$79,240.
• E)$58,100.

Explain the benefits and potential strategic value of offering concessions during negotiations.

Assess the risks associated with making assumptions about the other party’s negotiating behavior.

Appreciate the procedural tactics in negotiating and their impact on the negotiation outcome when addressed before substantive issues.

Evaluate the advantages and disadvantages of having large bargaining mixes in negotiations.

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Definitions:

Business Cycle

Recurring increases and decreases in the level of economic activity over periods of years; consists of peak, recession, trough, and expansion phases.

Corporate Profits

The surplus income of corporations after paying all expenses, including operational expenses, salaries, and taxes.

Resource Suppliers

Entities or individuals that provide the inputs needed by firms to produce goods and services, such as labor, raw materials, and components.

Capitalist Income

Income earned from the ownership of capital or investments, typically in the form of profits, interest, and dividends.