Answer:
Sales price = $8.1
Explanation:
The units sale price should be that that equated the total revenue to the the total relevant cost of the special order
The relevant cost of the special order includes;
1. Variable cost
2. Additional shipping cost
Note the fixed costs are irrelevant for this decision because they would be incurred either way
Variable cost per unit = Total variable cost /Number of unit
= 420,000/70,000 units = $6 per unit
$
Total variable cost of special order
( 3,000× $6) = $18,000
Shipping cost 6,300
Total relevant costs of special order. 24,300
Minimum Sales price = Total relevant cost /number of units
Sales price = $24,300/3,000 units =$8.1
Sales price = $8.1
The managers at johnson & johnson who authorized the buyback of defective products might have endorsed milton friedman’s shareholder, or profit-maximizing, view.
Organizations must make money to stay in existence. Making money, then, should be the sole focus of an organization’s activities.
Organizations have one responsibility: to increase the wealth of their stockholders
The following information should be considered:
According to Friedman, each & every organization should contain the bottom line to generate more profit by earning more and more money due to this it can increase the wealth of those people who have invested in the organizationsSo, the main objective of the firms should be to direct their activities to generate more fundsLearn more: https://brainly.com/question/994316?referrer=searchResults
f a country exports more than it imports, then one can infer that its currency would be likely to depreciate against other currencies. one can infer that its currency would be likely to appreciate against other currencies. none of the options
Answer:
One can infer that its currency would be likely to appreciate against other currencies
Explanation:
The export rate of a country determines the strength of her currency, especially goods that has a high demand globally. When a country exports more than she imports, her currency gains strength against other currencies.
High exportation ensures a stable economic growth of a country, with an increase in the number of manufacturing industries and more job opportunities for her people. While more importation than exportation affects the strength of currency negatively and kills the local industries of a country.
Consider the following production and cost data for two products, Q and P: Product Q Product P Contribution margin per unit $35 $40 Machine minutes needed per unit 7 minutes 5 minutes A total of 14,700 machine minutes are available each period, and there is unlimited demand for each product. What is the largest possible total contribution margin that can be realized each period
Answer:
Total contribution =$117,600
Explanation:
Whenever a company is faced with a limiting factor i.e a resource in short supply, the company should allocate the resource to the product with he highest contribution per unit of the scare resource .
The business outfit should rank its products using contribution per minute of constraint
This is done as follows:
Product Q P
Contribution margin 35 40
Machine hours /unit 7 5
Contribution /minutes 5 8
Ranking for production 2nd 1st
Note contribution per minute = contribution per unit/minutes required
Allocation of machine hours
All the 14,700 machine hours should be allocated to the production of product P. Doing so would produce a total maximum contribution equals to
Total contribution : machine hours × contribution per machine hr
Total contribution = 8× 14,700 = 117,600
Total contribution =$117,600
Recount the methods used to assign costs to inventory and cost of goods sold under both a perpetual and a periodic system.
A. First-in, last-out
B. Specific identification
C. First-in, first-out
D. Last-in, first-out
E. Last-in, last-out
F. Weighted average
Answer:
Explanation:
Perpetual inventory system is an inventory management system that records the real time transaction of inventory through a continuous tracking of movement by technology .
In periodic inventory system , inventory update are made on a periodic basis , and as such is less efficient when compared to the perpetual method.
The four known methods of inventory valuation are weighted average , First -in-first-out , Last -in - first-out , weighted average and the specific identification method
Answer: weighted average, specific identification, first in first out, last in first out
Explanation:
Companies are turning to customer relationship management (CRM) to improve their customer focus. CRM uses information technology to create a cross-functional enterprise system that integrates and automates many of the customer-serving processes in which functional business areas?
Answer:
Marketing, sales and customer service
Explanation:
Customer relationship management (CRM) is a business strategy implemented across the entire company that is aimed at improving the company's income, profit, lower cost and increase customer loyalty based on the principle of putting the customer first in management decisions. CRM combines actions, methodologies, and technologies that establishments utilize for managing and analyzing customer correspondence and information within a customer's period of doing business with the establishment so as to improve customer retention, service, and relationship as well as to improve sales.
In a fractional reserve banking system: Group of answer choices banks create money by printing it. banks create money by making loans. the size of M1 can only be a fraction of checkable deposits. banks are required to hold 100% of deposits as reserves.
Answer:
the size of M1 can only be a fraction of checkable deposits.
Explanation:
fractional reserve banking system requires that a fraction banks receive as deposits from customers be kept as reserves with the central bank and the rest be made out as loans.
M1 consists of coins, demand deposits and currency in circulation. Banks determine the money in circulation by giving out loans. so the size of M1 can only be a fraction of checkable deposits.
After the Communist Party took control, Beijing was transformed into a producer city. Growth in what sector of the economy put Beijing in that category
Answer: manufacturing sector
Explanation:
After the Communist Party took control, Beijing was transformed into a producer city. The growth that occured in the manufacturing sector of the economy put Beijing in that category.
Due to the growth that occured in the manufacturing sector, several goods and services were produced in Beijing.
Licensing as a market entry mode has several disadvantages and opportunity costs, which do not include:
Answer:
Adaptations by the licensee to fit local tastes.
Explanation:
It does not include that the “ adaptations by the licensee to fit local tastes” because the licensing is the process through which a person gets permission to work within the industry. Moreover, if a person gets the license to work in a certain market place then it does mean that it will be successful. To fit in the local taste requires other factors except the licensing.
When tobacco companies sought to hide evidence that cigarette smoking causes lung cancer, they were exhibiting a(n) _______ approach to social responsibility. accommodative proactive defensive obstructionist offensive
Answer:
obstructionist.
Explanation:
When tobacco companies sought to hide evidence that cigarette smoking causes lung cancer, they were exhibiting an obstructionist approach to social responsibility.
An obstructionist approach can be defined as an act of blocking important and essential informations from reaching or getting across to the general public and an interference with social responsibility.
Hence, the tobacco companies were largely or more concerned with making profits rather than enhancing social responsibility among the consumers of their products, thereby refusing to inform them that cigarettes smoking causes lung cancer.
Janelle spends three hours each day working as an online customer service representative for an online retailer. She can choose her own hours, within reason. The job works out well for her since she has a new baby that she cares for much of the day. The retailer does not provide her or the other 200 customer service reps with workspace, which constitutes a sizeable cost savings for the company. Janelle participates in a popular work strategy known as ______________.
Answer:
Home-based work
Explanation:
Home-based work is when people perform their job at their house using the internet and phone instead of going to an office. According to this, the answer is that Janelle participates in a popular work strategy known as home-based work because Jannelle works as an online customer service representative from home.
What is the present value of a growing perpetuity that makes a payment of $100 in the first year, which thereafter grows at 3% per year? Apply a discount rate of 7%
Answer:
the present value of a growing perpetuity is $2,060
Explanation:
If a cash flow is growing at a constant rate, then we call this a growing perpetuity.
Present Value = PMT ( 1 + g) ÷ (r - g)
where,
g = constant growth rate
= 0.03
r = discount rate
= 0.08
Then,
Present Value = $100 (1,03) ÷ (0.08 - 0.03)
= $2,060
Movie studios use tracking studies in which prospective moviegoers are asked questions about an upcoming film release to help them forecast sales. This is an example of
Answer:
This is an example of survey or marketing research.
Explanation:
For the movie studios to use tracking studies in which moviegoers are asked questions about their thoughts and opinion in a new movie, it is called survey. Part of the aim could be for criticism of their works, revenue forecast, impact of the movie on the society or their thought on the theme of the movie.
Broker Ron wants to open a separate escrow account for each transaction he is involved in. Is this legal?
Answer:
Yes, there is no legal limit on the number of escrow accounts a broker can have.
Explanation:
A broker transaction facilitates sale between a buyer and a seller.
The broker states a price for the buyer that is an addition of the seller's price and his commission.
An escrow account is one that recieves the buyer's money and notifies seller to transfer goods to the buyer. Once reciept of the goods has been confirmed by the buyer, seller's money is released to him and broker commission paid to him.
There is no legal limit to the number of escrow accounts a broker can have. So Ron can open seperate escrow accounts for each transaction he is doing.
Pizza Deluxe University is an in-house center and education facility that offers broad-based learning opportunities for employees. Pizza Deluxe University would be considered a(n) ________.
Complete Question:
Pizza Deluxe University is an in-house center and education facility that offers broad-based learning opportunities for employees. Pizza Deluxe University would be considered a(n):
Group of answer choices
A) assessment center.
B) on-the-job training center.
C) orientation center.
D) corporate university.
E) learning community.
Answer:
D) Corporate university.
Explanation:
Since Pizza Deluxe University is an in-house center and education facility that offers broad-based learning opportunities for employees. Pizza Deluxe University would be considered a corporate university.
A corporate university can be defined as an educational institution set up by a company, which is then used as a strategic tool that helps its parent institution in achieving its goals by providing essential activities such as tailored learning and developing staffs so as to foster individual and institutional knowledge, understanding and learning.
The basic considerations for setting prices on goods that are traded across borders does not include:
Answer:
The answer is below
Explanation:
Since there are no options available, here are the eight basic considerations for setting prices on goods that are traded across borders.
1. The pricing alternatives that are available if the firm's costs increase or decrease and are demand in the international market elastic or inelastic?
2. should vary with the market segment?
3. Is the price competitive in comparison with the local market conditions?
4. How about the foreign country's dumping laws, will it be problematic?
5. Does the price indicate the product's quality?
6. Analysis of the various forms of discounts such as trade, cash, quantity, and allowance like Advertising, and trade-off, the firm will offer its international customers should be considered.
7. The firm should also consider pursuing any of the marketing objectives such as market penetration, market skimming
8. Will there be special scrutiny as to the firm's prices by the host country government on whether the price is reasonable or exploitative?
The risk associated with the unlikelihood that one of the key members will be struck by lightning would most likely be handled by which of the following?
A) Mitigating
B) Retaining
C) Ignoring
D) Transferring
E) Avoiding
Answer:
B) Retaining
Explanation:
Retaining risk refers to the risk in which the company could able to take the decision with respect to the responsibility for some particular risk
Here in the given situation it represents that the risk is associated with one of the key members so this presents the responsibility that should be considered while retaining a risk
Hence, the correct option is B.
Which skills include an employee’s mannerisms, behavior, and attitude?
Answer:
The right approach is "Communication skills".
Explanation:
The opportunity to quickly and accurately forward information as well as knowledge to another. Business managers having strong verbal, non-verbal including written effective communication aim to enhance the exchange of knowledge within the same organization among individuals for some of its advantage.So that the above seems to be the appropriate answer.
Answer: communication skills
Explanation:
One of your subordinate employees, Timothy, worked extra hours on Tuesday and Thursday so he could attend Ash Wednesday services at his church. Which of the following statements is true?
a. Timothy should have taken personal leave in order to miss work to attend religious services during his scheduled work time.
b. This situation is only problematic if a colleague complains about Timothy’s absence Wednesday or is offended by the ashes on his forehead.
c. Supervisors can use individual discretion when deciding whether to allow a subordinate to adjust his work schedule for religious practices.
d. Permitting Timothy to make up time lost due to the observance of religious practices is a reasonable religious accommodation.
Answer:
D. Permitting Timothy to make up time lost due to the observance of religious practices is a reasonable religious accommodation.
Explanation:
This statement is true in line with normal workplace ethics. Also, been his superior it would favor the company if Timothy is asked to make up time lost due to the observance of his religious practices.
A reasonable employer knows that his employees also have a constitutional right to freedom of worship, and would be flexible in the company policy on working hours.
"A registered representative is approached by the president of an investment club to buy an IPO being offered by the representative's firm. Which statement is TRUE?"
Answer:
The investment club is not a restricted purchaser and may buy the IPO
Explanation:
In the financial market a restricted purchaser is someone that has has direct engagement in a business or who has affiliates that are directly engaged in the business that wants to sell securities.
In this scenario a restricted purchaser will be someone that has direct business engagement in the representative firm. Since this is not so the president of the investment firm is free to purchase the IPO.
An Initial Public Offering is when a companies decides to make its shares available to the public for the first time.
When a company attempts to determine what type of employees it needs to meet its objectives as well as the number of employees it will need, it is in the process of
Answer:
Human Resource Planning
Explanation:
Human Resource Planning in management can be explained as the process whereby human resources manager use to make all resources needed for an organization to succeed in their production of product/ services whether now or in the future, it can be in terms of having the best employee they needed, making the kind of skills needed to be available and otheres.
Therefore, according to the question, Whenever a company attempts to determine what type of employees it needs to meet its objectives as well as the number of employees it will need, it is in the process of Human Resource Planning.
The process of Human Resource Planning includes the various attempts to determine what type of employees are needed to meet objectives as well as the number of employees.
The function of the Human Resource Planning are performed by the firms' human resources manager.
The Human Resource Planning entails the firms' plan that identifies the current and future human resources which are in needs for an organization to achieve its goals.
In conclusion, the process of Human Resource Planning includes the various attempts to determine what type of employees are needed to meet objectives as well as the number of employees.
Read more about this here
brainly.com/question/16651519
YUM!, one of the world's largest restaurant companies, has a variety of brands, including KFC, Pizza Hut, and Taco Bell. Each one operates independently and is responsible for its own performance. Each has a separate CEO responsible for managing its supply chain, marketing, and R&D). Knowing this, how does YUM organize its structure?
a. Decentralized with autonomous sub-unit
b. Strong centralization
c. Organizational controls d
. Matrix structure
Answer:
a. Decentralized with autonomous sub-unit.
Explanation:
YUM organizes its Decentralized structure with an autonomous subunit.
It is possible to affirm based on the information offered by the question, since a decentralized company is one whose decision-making process occurs in a more flexible way, that is, it is not taken only by a leader. This gives the advantage of better decision-making by employees who are experiencing the situation up close.
YUM has a variety of brands, each of which operates independently and is responsible for its own performance. Each has a separate CEO responsible for managing its supply chain, marketing and R&D, which confirms that each YUM brand operates autonomously and with its own decisions.
Which option best describes the main behavior that economics studies?
A. People creating different governments around the world
B. People participating in a traditional musical performance
C. People experiencing the physical symptoms of a disease
D. People making choices based on their limited resources
SUBMIT
Answer:
D. people making choices based on their limited resources
Explanation:
2. Most union electricians launch their careers by enrolling in a(n) _______ program, which combines on-the-job training with classes taught by experienced electricians.
Answer: apprenticeship
Explanation:
Apprenticeship program is a program whereby a worker will be trained so that he or she will become skilled in a certain trade.
Most union electricians launch their careers by enrolling in an apprentice program, which combines on-the-job training with classes taught by experienced electricians
Following transactions of Ramesh for April,2018 are given below. Journalize them, prepare ledger and trial balance.
Answer:
apr 28
Explanation:
Social entrepreneurship is attracting growing amounts of investment, talent, and attention from many sectors. By combining the _______, __________, and __________ of business, it offers an entrepreneurial approach to solving social problems at a time when governmental and philanthropic approaches have delivered less than expected.
Answer:
Determination; efficiency; innovation.
Explanation:
Social entrepreneurship is attracting growing amounts of investment, talent, and attention from many sectors. By combining the determination, efficiency, and innovation of business, it offers an entrepreneurial approach to solving social problems at a time when governmental and philanthropic approaches have delivered less than expected.
Frank was so entertained by the Paris Symphony on his visit to France that he mailed them a donation of $100 to support their organization as soon as he returned home to Seattle. Frank may deduct the charitable contribution to the Paris Symphony on his US tax return.
A. True
B. False
Answer: False
Explanation:
A tax is simply a levy that is paid by an economic agent to the government of a particular country.
In this scenario, we are informed that Frank was so entertained by the Paris Symphony on his visit to France that he mailed them a donation of $100 to support their organization as soon as he returned home to Seattle.
In this situation Frank does not have to deduct the charitable contribution to the Paris Symphony on his US tax return.
Therefore, the answer is false.
What did people learn to do with seeds?
Answer:
People learned to plant seeds to make crops to survive on.
Explanation:
After landing an interview with your dream company, you learn that the interview will consist of questions asking you to demonstrate how you would go about organizing your employees, setting goals and achieving those goals. The company is asking you these questions in an effort to determine the extent to which you possess
Answer: task leadership
Explanation: The activities of organizing employees, of setting goals and achieving those goals set are all task leadership activities and therefore, questions put forward during an interview by a company are meant to determine if the candidate possesses task leadership. Task leadership focuses on achieving set goals and is used to develop a structured workplace with clearly defined schedules and priorities. As such, it delegates assignments, set clear processes and issue deadlines in order to ensure that members of a team would remain focused and deliver their part of the project in record time.
An existing customer of a brokerage firm wishes to buy an initial public offering that he has heard good things about. The registered representative only has a limited number of shares to sell and explains to the customer that the offering is already "sold out." The customer tells the registered representative "If you can get me some of the stock, I will drop off cash payment in full today, with a little extra for you." The registered representative:_________
a. Can accept the customers offer
b. Cannot accept the customers offer because cash payment for securities purchases cannot be excepted from a customer
c. Can except the customers offer if the extra cash payment does not exceed $500
d. Cannot except the customers office
Answer: d. Cannot accept the customer's offer
Explanation:
Apart from the offer being unethical, the registered representative also cannot accept the customer's offer because the registered representative is prohibited from accepting cash directly from a customer.
The cash would have to be deposited in the account of the customer so as to make it more legal. Even at that however, with a limited number of shares, ethical issues come into play about how the shares can be distributed between clients so the registered representative cannot accept the customer's offer.
One weakness of the cost approach for appraising market value is that:________
a. builders may not pay market value for materials or labor.
b. market value is not always the same as what the property cost.
c. comparables used may not have similar quality of construction.
d. new properties have inestimable costs and rates of depreciation.
Answer: b. market value is not always the same as what the property cost.
Explanation: In the process of property valuation in real estate, potential users or buyers have to appraise a property before they make offers, this will enable them know the value and the reasonable price to offer. One of such method of appraisal is the cost approach which is based on the basis that, a property shouldnt be purchased by a buyer at a price beyond the cost of erecting an equivalent structure. Of the options listed above, using the notion of not paying beyond the cost of erecting a similar building could be considered a weakness in f the approach in situations whereby the market value of the property is not the same as the value of the property. The market value of a property could be influenced by different factors including seasonality, changes in geography or terrain and so many other factors which may influence the value of an asset which might not affect the real cost of the property. Hence, the discrepancy.