Answer:
what do you mean
Explanation:
What effect do consumer expectations have on the demand for a good?
A. They increase demand for products that have complementary
goods.
B. They reduce demand for products with a consistent equilibrium
price.
C. They increase demand for products in markets with a small
number of consumers.
D. They reduce demand for products expected to become cheaper in
the future.
Answer:
Option D is correct
Explanation:
If a buyer expects that the price of a good will decrease in the future, they stop or decrease the purchasing of that good today. A a result, the demand for that good today decreases. On the other hand, if a buyer expects that the price of the good will increase in the future, the demand for the good increases.
Option D. is correct.
Answer:
D. They reduce demand for products expected to become cheaper in
the future.
Explanation:
What is the master plan of a construction project called?
Answer:
Project Scheduling is known as construction project.
Explanation:
please mark as brainlist answers
Analyzing and Anticipating the Audience In the business world, you must be able to create effective messages. Using a writing process will help you to develop the necessary skills and to write more confidently. To begin, you must determine the purpose of your message. Read the message, and then complete the following sentences. Akihabara Imports offers the widest selection of Japanese animation products available on the Internet. All products are shipped with certificates of authenticity. Choose from our vast selection of action figures, collectibles, DVDs, and print books. Items noted with an (*) are signed by the original author. Some supplies are limited, so act now! Use our secure online form for immediate purchase, or call our operators at 555.555.5555, 24 hours a day, 7 days a week.
This message is designed to inform or persuade . Specifically, the primary purpose of this message is to Track an order or sell animation products or provide customer service or respond to a complaint . The secondary purpose of this message is to provide customer service or offer a refund or build goodwill with the customer .
Once you have identified the purpose of your message, the next step is to anticipate and profile your audience.
Required:
a. Which are appropriate questions to ask when profiling your audience? Check all that apply.
b. How will the audience react to my message?
c. What format should I use?
d. How much does the audience know about my topic?
e. What do I know about the audience’s education, beliefs, culture, and attitudes?
f. Do I care about my audience’s weekend plans?
Answer and Explanation:
1. To persuade
To sell animation products
To build goodwill with customers
The message is meant to persuade as it tailors the message and provides information in a certain manner to make the customer buy. The primary purpose is sell while also building goodwill(secondary purpose)
2. Audience profiling entails knowimg your target market by understanding them in terms of buying behaviour, pattern. Hence the questions :
What do I know about the audience’s education, beliefs, culture, and attitudes?
How much does the audience know about my topic?
How will audience react to my message ?
3. Give more specific information, including dates
This is important since message is being forwarded to legal team and supervisor. this will be a form of evidence and be used for further investigation
4. Videoconferencing which is lean medium
This is important here because there will be a lot of word exchange and likely lengthy conversation therefore messaging platforms are not necessary here
During the current year, George, a salaried taxpayer, paid the following taxes which were not incurred in connection with a trade or business: Federal income tax (withheld by employer) $1,500 State income tax (withheld by employer) $1,100 FICA tax (withheld by employer) $700 Real property taxes $300 Federal auto gasoline taxes $200 Federal excise tax on telephone bills $50 What amount can George claim for the current year as an itemized deduction for the taxes paid, assuming he deducts state and local income taxes
The amount that George can claim as itemized deductions for the taxes paid is $1,400.
What itemized deductions can George claim?George deducts state and local taxes which means that the only deductions that he can claim from here are the state income tax and the real property taxes.
These add up to:
= State income taxes + Real property taxes
= 1,100 + 300
= $1,400
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A U.S. government agency located in Kuwait bought 29 standby power generators (including installation) from a trading company in Kuwait. The contract was effectively written in USD for $1,588,000 (worth 447,180.80 KWD) since the exchange rate of .2816 was fixed in the contract. The performance period was 90 days; however, the buyer expected complications such as material availability and security access passes from the host nation to delay contract performance. See attached excerpt from the contract. Assume payment terms were Net 30. Assume the Kuwaiti Dinar is a floating currency. The buyer was aware that the KWD had strengthened against the USD since 2003. Although Financial Management personnel informed the buyer that a hedging strategy would not be used, the buyer could see the 90-day currency exchange forward contracts indicating the exchange rate moving to USD/KWD = .265. From the buyer’s perspective, which currency should the contract have been written in had the exchange rate not been fixed in the contract? ______ What would be the financial advantage (expressed in USD) of doing so? _______
Answer: KWD; $99474 avoided
Explanation:
From the question, we're informed that the buyer was aware that the KWD had strengthened against the USD since 2003 coupled with the fact that KWD is a floating currency, it'll have been better if the contract was written in KWD as this will mean lesser money is paid.
Since 1 USD = 0.2816 KWD, and has been predicted to reduce to 1 USD = 0.265, the company would save:
= $1,588,000 × (0.2816-0.265)/0.265
= ($1,588,000 × 0.0166)/0.265
= $26360.8/0.265
= $ 99474
Big Red Company, a manufacturer of computer hardware components, uses direct labor cost to allocate its production overhead. In its hard-drive division, it allocates $12.50 per direct labor hour as the standard rate. The overhead includes supervision and machine setup cost. SCSI and SATA drives take the same time to produce, but the setup time for SATA is three times as long as the setup time for SCSI. Which statement is true about overhead allocation for the two drives?
А SATA carries more than its full share of factory overhead.
B Overhead allocation is fair for both drives.
C. SATA carries less than its full share of factory overhead.
D Overhead allocation cannot be directly related to products.
Answer:
Option C is correct.
Explanation:
Big Red Company allocates $12.50 per direct labor hour as the standard rate and uses direct labor cost to allocate its production overhead.
However, he setup time for SATA is three times as long as the setup time for SCSI although SCSI and SATA drives take the same time to produce.
This shows that SATA carries less than its full share of factory overhead.
In preparing a responsibility income statement that shows contribution margin and responsibility margin, two concepts are involved in allocating costs to the various centers. These concepts are: Group of answer choices Whether the costs are variable or fixed and whether they are material in dollar amount. Whether the costs are traceable to the responsibility center and whether the responsibility center is organized as a profit center or an investment center. Whether the costs are variable or fixed and whether they are directly traceable to the responsibility center. Whether the costs are traceable to the responsibility center and whether they are material in dollar amount. None is correct.
Answer: Whether the costs are variable or fixed and whether they are directly traceable to the responsibility center.
Explanation:
The Responsibility Income Statement is one where the different centers in a business have their own sub income statement so that the activities of each center and their profitability is measured and monitored.
In this statement, costs are classified as Variable and Fixed so it is important that it is known whether the costs are variable or fixed.
As the statements are per center, the costs in them would have to be only those that are directly traceable to that center so that a truer reflection of the statements can be seen.
You run a small software development company that does all of its business exclusively through the Internet. You are considering outsourcing some of your more mundane development tasks to India. You have determined that the information infrastructure and human infrastructure in the country are definitely adequate for your needs, but the physical infrastructure is not. Is India still a viable country for outsourcing your mundane software development tasks?
a. No, India must have strong information and physical infrastructure, but human infrastructure is less important for it to be a viable option in this case.
b. No, India must have strong information and human infrastructure, but physical infrastructure is less important for it to be a viable option in this case.
c. No, India must have strong information, human, and physical infrastructure for it to be a viable option in this case.
d. No, India must have strong human and physical infrastructure, but information infrastructure is less important for it to be a viable option in this case.
In reference to whether India is a viable country for outsourcing, the answer is b. No, India must have strong information and human infrastructure, but physical infrastructure is less important for it to be a viable option in this case.
What is required for outsourcing?There are different requirements that would make a country viable for outsourcing and they depend on the type of business one does.
As the business here is done exclusively through the internet, good physical infrastructure is not really necessary but there must be strong informational and human infrastructure.
In conclusion, option B is correct.
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Kator Co. is a manufacturer of industrial components. One of its products that is used as a subcomponent in auto manufacturing is KB-96. This product has the following financial structure per unit: Selling price $150 Direct materials $ 20 Direct labor 15 Variable manufacturing overhead 12 Fixed manufacturing overhead 30 Shipping and handling 3 Fixed selling and administrative 10 Total costs $ 90 Question During the next year, KB-96 sales are expected to be 10,000 units. All of the costs will remain the same except that fixed manufacturing overhead will increase by 20% and direct materials will increase by 10%. The selling price per unit for next year will be $160. Based on this data, the contribution margin from KB-96 for next year will be A. $1,080,000 B. $750,000 C. $1,110,000 D. $620,000
Answer:
A. $1,080,000
Explanation:
Calculation for the contribution margin from KB-96 for next year
First step is to calculate for the increase in direct materials
Increase in direct materials = (1.1 × $20)
Increase in direct materials =$22 per unit
Second is to calculate the variable costs
Total unit variable costs = ($22 + $15 + $12 + $3
Total unit variable costs = $52
Last step is the Computation of contribution margin using this formula
Contribution margin =Sales - Variable costs
Let plug in the formula
Contribution margin =10,000 units ($160 unit Selling price -$52)]
Contribution margin =10,000 units *$108
Contribution margin=$1,080,000
Therefore the contribution margin from KB-96 for next year will be $1,080,000
In organizing groups to work on homework together every student is asked to fill out a form listing all other students who they would be willing to work with. If there are 251 students in the class and each student lists exactly 168 other students who they might be willing to work with. For any two students in the class, if student A puts student B on their list, then students B will also have student A on their list.
Required:
Using the Pidgeon Hole show that there must be some group of four students who are work with one another.
The principle shows that there would be some group of 4 students that are willing to work with one another.
The goal here is to help the students to form homework groups using the Pigeon hole system.
The pigeon hole principleWe have to take a random student A.We have a student B that is in the list of A.The number of students in A list is 168, this is 167 when we subtract B.
168 students have A in their list. This is 167 when we subtract A.
Total students = 250-1 ( We have to subtract A and B) = 249
249 - 167 = 82 students have B in their list and not A.
167 - 82 = 85, these are the students that have both A and B in their list.
We have a student C who have both A and B in the lis.
Thre are 84 students other than c who have A and B in the list. This is a set called s.
168 students have c in their list. There have to be at least 2 students from s in this number.
This would leave 166 students other than s.
At least 1 student wants c, a and b in the list.
We conclude that there is one group of 4 who are to work with one another.
What is the pidgeon hole analysis?In mathematics, this principle states that if objects are in a container, then at least one container is going to have more than one item.
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What does 'Big Data' mean? And how it can be used to support businesses?
Answer:
Big Data, business organizations can use analytics, and figure out the most valuable customers. It can also help businesses create new experiences, services, and products
Explanation:
Hope this helps
BANK STATEMENT Checks Deposits Other Balance Balance, May 1 $ 17,000 May 2 $ 7,000 24,000 May 5 #301 $ 10,000 14,000 May 7 #302 5,200 8,800 May 8 9,000 17,800 May 14 #303 460 17,340 May 17 Interest $ 100 17,440 May 22 NSF check 240 17,200 May 27 #304 4,200 13,000 May 31 Service charge 60 12,940 Balance, May 31 12,940 Cash (A) May 1 Balance 17,000 May 1 7,000 10,000 #301 May 2 May 7 9,000 5,200 #302 May 4 May 29 5,200 460 #303 May 11 4,200 #304 May 23 900 #305 May 29 May 31 Balance 17,440 PA5-2 Part 3 After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? Next
Answer:
Adjusted Cash balance: $17,240
Explanation:
The cash balance will be affected by the unknow information of the bank statement:
Cash May 31 Balance $17,440
Adjustment:
May 17 Interest $ 100
May 22 NSF check $ 240
May 31 Service charge $ 60
The interest will increase the cash balance
The non-sufficient-fund check we deposit is going to reduce our balance as the check wasn't cleared.
The service Charge for the bank for using their services will also decrease the cash balance:
Cash Ledger
DEBIT CREDIT
Unadj 17,440
interest 100
NSF check 240
service 60
Adj 17,240
HELP PLEASE!
Which of the following is NOT an example of
when people talk about taking out a loan?
A. Borrowing money from a bank to buy a car.
B. Getting a five year loan to purchase a car.
C. Any kind of bill that is paid in full each month.
D. Borrowing money and agreeing to pay back a little each month.
Answer: C.
Explanation: When you pay any bill, you don't borrow money, you give your own money to the company or whoever you are giving the money to.
3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold consist of 660 units from beginning inventory, 230 from the February 10 purchase, 110 from the March 13 purchase, 110 from the August 21 purchase, and 335 from the September 5 purchase. [9:17 PM] Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold consist of 660 units from beginning inventory, 230 from the February 10 purchase, 110 from the March 13 purchase, 110 from the August 21 purchase, and 335 from the September 5 purchase. (Round your average cost per unit to 2 decimal places.)
Answer:
cost assigned to ending inventory under:
FIFO = $108,530 - $85,045 = $23,485
LIFO = $108,530 - $85,430 = $23,100
weighted average = $108,530 - $85,697 = $22,833
specific identification = $108,530 - $85,245 = $23,285
Explanation:
the inventory records are missing, so I looked for a similar question:
first we should calculate COGS:
under FIFO
March 15 sales = (660 x $60) + (55 x $57) = $42,735
September 10 sales = (275 x $57) + (110 x $45) + (160 x $65) + (185 x $61) = $42,310
total = $85,045
under LIFO
March 15 sales = (110 x $45) + (330 x $57) + (275 x $60) = $40,260
September 10 sales = (570 x $61) + (160 x $65) = $45,170
total = $85,430
under weighted average
March 15 sales = 715 x ($108,530 / 1,830) = $42,404
September 10 sales = 730 x ( / 1,830) = $43,293
total = $85,697
under specific identification
(660 x $60) + (230 x $57) + (110 x $45) + (110 x $65) + (335 x $61) = $85,245
Which of the following statements about investment interest expense is true? Multiple Choice The interest is allowed as an unlimited above-the-line deduction. The interest is allowed as an unlimited itemized deduction. Nondeductible interest carries forward into future years. The interest is deductible to the extent of the individual's AGI.
The statement about investment interest expense which is true is:
Nondeductible interest carries forward into future yearsWhat is Investment Interest Expense?This refers to the amount of interest paid which is then used to buy investments.
With this in mind and from the given answer choices, we can see that the true statement about the investment interest expense is option C which states that Nondeductible interest carries forward into future years.
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Axe company sponsors a 401(k) profit sharing plan with no employer match, but the company did make noncontributory employer contributions because the plan was top-heavy. Jack quit today after six years working for Axe and has come to you to determine how much of his retirement balance he can take with him. The plan uses the least generous graduated vesting schedule available. What is Jack's vested account balance if he has been a participant for 57 months? EMPLOYER EMPLOYEE CONTRIBUTIONS $9,000 $12,000 EARNINGS $4,000 $5,000 a. $17,000. b. $27,400. c. $24,800. d. $30,000.
Answer:
d. $30,000.
Explanation:
Jack is entitled to 100% of his own contributions = $9,000 + $4,000 = $13,000
The following is the least generous vesting schedule
Least-generous graded vesting schedule
Years of service % vested
1 0%
2 20%
3 40%
4 60%
5 80%
6 100%
Since jack worked for 57 months, he is entitled to 100% of the employer's contributions = $12,000 + $5,000 = $17,000
Total account balance = $13,000 + $17,000 = $30,000
Kenneth Arrow argues that Group of answer choices settled economic life requires purely selfish behavior. with ethical codes, there's no need for taxes, laws, or regulations as a way of controlling corporate behavior. ethical codes can contribute to economic efficiency. to be viable, ethical codes need not be widely accepted or part of corporate culture.
Kenneth Arrow simply argues that C. ethical codes can contribute to economic efficiency.
What is ethics?It should be noted that ethics simply means knowing right from wrong. This is important in societies.
In this case, Kenneth Arrow simply argues that ethical codes can contribute to economic efficiency.
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Describing Work Activities for Construction Carpenters
Click this link to view O'NET's Work Activities section for Construction Carpenters. Note that common activities are
listed toward the top, and less common activities are listed toward the bottom
According to O'NET, what are
common work activities performed by Construction Carpenters? Check all that apply.
inspecting equipment, structures, or material
writing computer programs to perform calculations
using knowledge of historical events and their effects on cultures
performing general physical activities
getting information
speaking and writing in a foreign language
Answer:
1.inspecting equipment, structures, or material
4.performing general physical activities
5.getting information
Answer:
The answers are 1. , 4. , 5.
Explanation:
Below are some tasks performed in Architecture and Construction jobs. Select the tasks that sound interesting or enjoyable to you.
1 performing simple manual labor outdoors(wrong) operating heavy equipment like bulldozers or forklifts (wrong) fixing things that are broken4 performing specialized technical tasks like electrical wiring5 performing inspections to ensure that safety regulations are followed(wrong) creating drawings and plans(wrong) supervising other workersSuppose an oil company is thinking of buying some land for $950,000. There is a 60% chance of economic growth and a 40% chance of recession. The probability of discovering oil is 46% when there is economic growth and 34% when there is a recession. If there is economic growth and the oil company discovers oil, the value of the land will triple. If they do not discover oil, the value of the land will decrease by 10%. If there is a recession and the company discovers oil, the value of the land will increase by 50%. If they do not discover oil, the land will decrease in value by 75%. What is the expected value of the investment
Answer:
$619,210
Explanation:
As we know that:
Expected Value = ∑P1V1 + ∑P2V2 + ∑P3V3 + ............... + ∑PnVn
Individual Expected Value for (n=1) = ∑P1V1
Here
Case Scenario 1:
P1 is the joint probability under Economic Growth & oil discovery positions
= 60% * 46% = 27.6%
V1 is the Value of investment under case scenario 1 which is three times: Value = 300% * $950,000 = 2,850,000
Expected Value of land = 27.6% * 2,850,000 = $786,600
Case Scenario 2:
P2 is the joint probability under Economic Growth & No oil discovery positions = 60% * 52% = 31.2%
V2 is the Value of investment in this case would be:
Value = (1 - 10%) * 950,000 = 855000
Expected Value of land = 31.2% * 855,000 = $266,760
Case Scenario 3:
P3 is the joint probability under Recession and Oil Discovery ) = 46%*34%
= 0.1564
V3 is the Value of investment here:
Value = 950,000 * 150% = 1,425,000
Expected Value of land = 31.2% * 1,425,000 = $444,600
Case Scenario 4:
P4 is the joint probability under Recession and no oil Discovery = 40%*75%
= 30%
V4 is the Value of investment here:
Value = (1 - 75%) * $950,000 = $237,500
Expected Value of land = 30% * $237,500 = $71,250
Now,
Expected Value = ∑P1V1 + ∑P2V2 + ∑P3V3 + ∑P4V4
By putting the above values, we have:
Expected Value of Land = $786,600 + $266,760 + $444,600 + $71,250
Expected Value of Land = $1,569,210
The above expected value is of land. Now we want the expected value of the investment. For this reason we will deduct the cost of the land from the expected value of the land.
Now we have:
Expected value of Investment = $1,569,210 - $950,000 = $619,210
The expected value of Investment is a positive value, which means that the investment will generate average value of $619,210 for the oil company. Thus the company must invest in it.
A corporation issued 7,300 shares of $10 par value common stock in exchange for some land with a market value of $116,000. The entry to record this exchange is
The entry to record this exchange is: Debit Land $116,000; credit Common Stock $73,000; credit Paid-In Capital in Excess of Par Value, Common Stock $43,000.
Journal entryBased on the information the appropriate journal entry to record the transaction is:
Debit Land $116,000
Credit Common Stock $73,000
(7,300 shares×$10)
Credit Paid-In Capital in Excess of Par Value, Common Stock $43,000
($116,000--$73,000)
Inconclusion the entry to record this exchange is: Debit Land $116,000; credit Common Stock $73,000; credit Paid-In Capital in Excess of Par Value, Common Stock $43,000.
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Question 1 of 30 Single choice question The purpose of a budget is:
Answer:
To model what might happen to a business, or what the business do to perform actions for bigger companies and organizations. The amount of money you can spend on something; to restrict one's self from over spending and managing bankruptcyNair Corp. enters into a contract with a customer to build an apartment building for $1,000,000. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $150,000 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $50,000 each week that completion is delayed. Nair commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:
Completed by Probability
August 1, 2015 70%
August 8, 2015 20
August 15, 2015 5
After August 15, 2015 5
Required:
Determine the transaction price for this contract.
The determination of the transaction price for this contract for Nair Corp. is as follows:
Completed by Probability:
Date Probability Bonus/Penalty Outcome
August 1, 2015 70% $150,000 $105,000 ($150,000 x 70%)
August 8, 2015 20% $50,000 -10,000
August 15, 2015 5% $50,000 -2,500
After August 15, 2015 5% $50,000 -2,500
Total expected value of performance bonus = $135,000
Contract value = $1,000,000
Total transaction price = $1,135,000 ($1,000,000 + $135,000).
What is a transaction price?A transaction price is the amount of consideration expected to be paid or received for the exchange of goods or services.
A transaction price can vary based on timing or performance factors.
Data and Calculations:Contract value = $1,000,000
Performance bonus = $150,000
Penalty per week in performance bonus = $50,000
The total transaction price is $1,135,000.
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A company has following happened in last year
a. Purchased buildings costing $414 and equipment costing $218 for cash.
b. Borrowed $129 from a bank, signing a short-term note.
c. Provided $51,771 in service to customers during the year, with $27,058 on account and the rest received in cash.
d. Paid $136,274 cash on accounts payable.
e. Purchased $30,983 of inventory on account.
f. Paid payroll, $4,540 during the year.
g. Received $21,343 on account paid by customers.
h. Purchased and used fuel of $1,850 in delivery vehicles during the year (paid for in cash).
i. Declared $598 in dividends at the end of the year to be paid the following year.
j. Incurred $116 in utility usage during the year; paid $97 in cash and owed the rest on account.
Required:
General journal entries.
a. Purchased buildings costing $414 and equipment costing $218 for cash.
b. Borrowed $129 from a bank, signing a short-term note.
c. Provided $51,771 in service to customers during the year, with $27,058 on account and the rest received in cash.
d. Paid $136,274 cash on accounts payable.
e. Purchased $30,983 of inventory on account.
f. Paid payroll, $4,540 during the year.
g. Received $21,343 on account paid by customers.
h. Purchased and used fuel of $1,850 in delivery vehicles during the year (paid for in cash).
i. Declared $598 in dividends at the end of the year to be paid the following year.
j. Incurred $116 in utility usage during the year; paid $97 in cash and owed the rest on account.
Required:
General journal entries.
a. Purchased buildings costing $414 and equipment costing $218 for cash.
b. Borrowed $129 from a bank, signing a short-term note.
c. Provided $51,771 in service to customers during the year, with $27,058 on account and the rest received in cash.
d. Paid $136,274 cash on accounts payable.
e. Purchased $30,983 of inventory on account.
f. Paid payroll, $4,540 during the year.
g. Received $21,343 on account paid by customers.
h. Purchased and used fuel of $1,850 in delivery vehicles during the year (paid for in cash).
i. Declared $598 in dividends at the end of the year to be paid the following year.
j. Incurred $116 in utility usage during the year; paid $97 in cash and owed the rest on account.
Required:
General journal entries.
a. Purchased buildings costing $414 and equipment costing $218 for cash.
b. Borrowed $129 from a bank, signing a short-term note.
c. Provided $51,771 in service to customers during the year, with $27,058 on account and the rest received in cash.
d. Paid $136,274 cash on accounts payable.
e. Purchased $30,983 of inventory on account.
f. Paid payroll, $4,540 during the year.
g. Received $21,343 on account paid by customers.
h. Purchased and used fuel of $1,850 in delivery vehicles during the year (paid for in cash).
i. Declared $598 in dividends at the end of the year to be paid the following year.
j. Incurred $116 in utility usage during the year; paid $97 in cash and owed the rest on account.
Required:
General journal entries.
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You were hired as a consultant to Kangaroo Corporation, whose target capital structure
is 30% debt, 5% preferred, and 65% common equity. The before-tax cost of debt is
9.55%, the yield on preferred is 8.75%, and the cost of retained earnings is 14.00%.
The tax rate is 35%.
1. What is the company's WACC?
Answer: 11.4%
Explanation:
The weighted average cost of capital (WACC) is used by companies to calculate their cost of capitsk. It should be noted that a weight is assigned to every category of capital that's utilized.
Sources of capital, such as bonds, common and preferred stock, etc are included when the WACC is being calculated.
The WACC for the company is 11.4%. Check the attachment for more details.
Haya operates a car dealership, and she has been working to come up with ways to overcome the incredibly high competition her business faces. There are six other dealerships within a one-mile radius. So far, Haya has thought of doing a car giveaway event, adding extended warranties on every new car that is sold, or running advertisements through the mail. Haya is at which stage of the decision-making process?
Haya, who operates a car dealership with six other dealerships within a one-mile radius and is thinking of doing a car giveaway event, adding extending warranties, or running advertisements, is at the D. thinking up alternative solutions stage of the decision-making process.
What are the decision-making stages?The decision-making process in which a selection is made from alternative courses of action has about seven stages.
The stages of the decision-making process include:
Identifying the decision issueGathering relevant informationIdentifying the alternativesWeighing the evidence for each alternativeChoosing among the alternativesImplementation of choiceReviewing decision.Answer Options:A. evaluating the solution
B. identifying the problem
C. implementing the solution
D. thinking up alternative solutions
Thus, Haya, who operates a car dealership with six other dealerships within a one-mile radius and is thinking of doing a car giveaway event, adding extending warranties, or running advertisements, is at the D. thinking up alternative solutions stage of the decision-making process.
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The linear production possibility frontier in the US indicates that the US can produce 10 tons of wheat in day or 2 cars. Japan can produce 8 tons of wheat or 1 car in a day. The opportunity cost of producing a car in the Japan is
Based on the amount of wheat given up by Japan to make a car, the opportunity cost of producing a car would be 8 tons of wheat.
What is the opportunity cost of making a car in Japan?The opportunity cost in this instance will be the amount of wheat given up by Japan to produce a car.
It is therefore:
= 8 tons of wheat
In conclusion, the opportunity cost is 8 tons of wheat.
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Thirty-five samples of size 7 each were taken from a fertilizer-bag-filling machine at Panos Kouvelis Lifelong Lawn Ltd. The results were: Overall mean = 54.75 lb.; Average range R = 1.64 lb.
For the given sample size, the control limits for 3-sigma x chart are: _________
Based on the overall mean, the average range, and the control limit factor, the upper control limit is 55.437.
What is the upper control limit?This can be found by the formula:
= Overall mean + (Mean factor for sample size 7 x Average range)
Solving gives:
= 54.75 + (0.419 x 1.64)
= 55.437
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Kamper Company sells two products Big Z and Little Z. Current direct material and direct labor costs are detailed below. Next year, the company wishes to use a plantwide overhead rate with direct labor hours as its allocation base. Next year's overhead is estimated to be $485,000. The direct labor and direct materials costs are estimated to be consistent with the current year. Direct labor costs $30 per hour and the company expects to manufacture 42,000 units of Big Z and 19,000 units of Little Z next year.
Direct Material per Unit Direct Labor Dollars per Unit
Big Z $26 $19
Little Z $32 $10
What are the total estimated direct labor hours for this next year?
a. 63,900 total DLH.
b. 1,278,000 total DLH.
c. 362,500 total DLH.
d. 2,349,000 total DLH.
e. 1,640,500 total DLH.
Answer:
a. $63,900 total DLH
Explanation:
The total estimated direct labor hours for next year is calculated as;
From the above,
$30 = 1 hour,
Then
$1 = ? = (1 hour × 100/30)
But 60 minutes = 1 hour
= 60 × (100/30)%
= 60 × 3.3%
= 1.98 minutes
= 2.38 minutes
One unit of Big Z uses:
19 × 2.38 = 45.22 minutes
42,000 units = [42,000 × 45.22/60
= 31,654 hours
One unit of little Z uses:
10 × 2.38 = 23.8 minutes
19,000 units = [19,000 × 23.8]/60
= 7,536 hours
Which type of firm would you rather work for? One who lays people off, or one that cuts everyone’s hours? Why? Think about the tradeoffs involved. Please use marginal analysis (ref. chapter 1) in your reasoning, and back up any claims you make with some documentation.
If a law was passed that required all firms to cut hours instead of lay people off, so that everybody was guaranteed a job and only hours worked fluctuated (instead of experiencing joblessness), what do you think the economic consequences would be? Specifically:;
Answer:
the one that cuts every ones hours
Explanation:
because the one that lays people off u won't have a job not paying bill the one that cuts hours because u work less but still get paid
Evaluate the key criteria and selection process to use when considering which international market to enter.Case study:McDonald’s
The main criteria for entering the international market must be related to the strategic analysis of the opportunity and competitiveness of a market.
What are McDonald's key success factors?According to recent data, the fast food chain is present in 119 countries and territories and contains 35,000 restaurants operating worldwide. Its success can be defined as the organization and standardization of products and services, combined with quality and speed.
Therefore, to be successful on a global scale, McDonald's also adapts to the local market, for example in India and Japan, whose hamburgers are adapted to satisfy cultural preferences.
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