Answers
A tax on suppliers will shift the supply curve up. This reduces the price received by sellers from PO to P2 and increases the price paid by buyers
Before the tax, the market equilibrium has price PO and quantity gO. A per-unit tax is now imposed on the seller from PO to P1. Quantity is reduced from 00 to Q1. Consumer surplus falls from (a + b + c + d) to 'a' and producer surplus falls from (e + f + g + h) to 'h'. Government revenue is (b + c + e + g) and deadweight loss is (d + f)
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A city is considering a plan to ease traffic congestion by offering to eliminate tolls on cars with 3 or more passengers in them. An
economic analysis is done on the plan. Which conclusion, if reached in this analysis, would weigh against adopting the plan?
A)
Reduced toll revenues would threaten public road maintenance budgets.
B)
Peak traffic times would be spread out over a larger portion of the day,
Typical travel speeds on the toll roads would increase 5% during rush
hours
D)
Average numbers of miles commuting would remain level, due to indirect
routes caused by carpooling
Answers
Answer:
A)
Reduced toll revenues would threaten public road maintenance budgets.
Explanation:
If cars will more than three people will not pay tall chargers, the city will collect fewer revenues from the toll stations as some cars will not pay. A significant decline in revenues that can affect road maintenance can influence the city to weigh against implementing that proposal.
Spreading the peak time traffic and increasing speeds is what the city hopes to achieve. The city would be happy if the average number of miles commuted remain the same. The only negative effect that could halt the implementation of the plan is reduced revenues.
Answer:A) reduce total revenues would threaten public road maintenance budgets.
Explanation:
What is the main reason that people purchase insurance policies?
A. they want to reduce the cost of their student or personal loans.
B. They want to avoid paying for major unexpected expenses.
C. They want to avoid increasing their monthly premiums
D. They want to invest money in insurance to grow it over time
Answers
Option B is correct. The main reason that people purchase insurance policies is because they want to avoid paying for major unexpected expenses.
What is an insurance policies?An insurance policy can be defined a contract between the insurer and the policyholder which determines the claims which the insurer is legally required to pay. The policy is enforced in an exchange for an initial payment known as the premium in which the insurer promises to pay for loss caused by perils covered under the policy language.
Most of the insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts. Because these insurance policies are standard forms, they often feature boilerplate language which is similar across a wide variety of different types of insurance policies.
Some examples of the popular insurance policies includes a Life Insurance, Health Insurance, Disability Insurance, Homeowner's Insurance, Automobile Insurance, Liability Insurance etc,
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Select the correct answer
When Ahmed's company files for bankruptcy, he requests the court to give him another chance to repay debt. He tells the court that he works
for a company from which he receives monthly salary. He thinks he can repay his debts with the salary he receives. Under what legal provision
can the government grant Ahmed the option of repaying his debt?
O A Chapter 15
OB. Chapter 10
OC Chapter 11
OD. Chapter 13
Reset
Next
Answers
A bank currently has $100,000 in checkable deposits and $15,000 in actual reserves. If the reserve ratio is 20 percent, the bank has ________ in money-creating potential. If the reserve ratio is 14 percent, the bank has ________ in money-creating potential. multiple choice
Answers
Answer:
A bank currently has $100,000 in checkable deposits and $15,000 in actual reserves. If the reserve ratio is 20 percent, the bank has __$80,000__ in money-creating potential. If the reserve ratio is 14 percent, the bank has ___$86,000__ in money-creating potential.
Explanation:
a) Data and Calculations:
Checkable deposits = $100,000
Actual reserves = $15,000
Required reserves = $20,000 ($100,000 * 20%)
Excess reserves = -$5,000 ($15,000 - $20,000)
Money-creating potential = $80,000 ($100,000 - $20,000)
Total amount of money the bank can create = $500,000 ($100,000/20%)
b) Checkable deposits = $100,000
Actual reserves = $15,000
Required reserves = $14,000 ($100,000 * 14%)
Excess reserves = $1,000 ($15,000 - $14,000)
Money-creating potential = $86,000 ($100,000 - $14,000)
Total amount of money the bank can create = $714,286 ($100,000/14%)
Jason Roberts has been part of a workgroup team for four months. The team's primary goal is to develop a marketing
plan for a new product. Tami Wong, a marketing manager, typically assumes the leadership role in the team. However,
the team has not formally identified a leader. The team members meet twice a month. They discuss ideas for how to
sell and advertise the product. Team members have volunteered to do research or other tasks. Jason and two other
team members have reported on their progress. Others have said they have not yet had time to do their part of the
project. The deadline for completing the marketing plan is only two months away, and much work remains to be done.
Clearly, the team needs to evaluate its methods.
1) What questions should Jason consider as part of a self-evaluation
of his work with the team?
2) What suggestions could Jason make to the team members for improving the way the
team functions?
Answers
Jason needs to think about how he contributes to the team, how the team communication and makes decisions, and how he aids the team in achieving its objectives.
Which of the following best describes how communication should be understood?A communication is continuously transmitted between two or more people who are the sender and the recipient. The communication process is finished when the recipient receives the message and responds to it.
What of the following is not covered by the MCQ on effective communication?Not one of the seven C's of effective communication is coordination in the workplace. Clarity, completeness, conciseness, concreteness, civility, correctness, and consideration are the seven C's of communication. To support efficient communication, it is essential to follow these seven Cs of communication.
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when does your teacher tell you good boy?
Answers
Who is a business letter not written by?
Answers
A business letter is not written Option C. between two private individuals.
A business letter is a formal letter used by businesses or companies to communicate with customers, clients, other companies, or government officials. It is used for various purposes, such as requesting information, placing orders, providing feedback, making inquiries, making claims, making offers, and more. Business letters are different from personal letters in that they are more formal, objective, and to the point.
Business letters are usually written by a company's employees who have the authority to do so. For instance, the sales team may write letters to prospective clients to solicit their business, while the human resources department may write letters to job applicants to inform them of their application status. There are various types of business letters, and each serves a different purpose. Some common types of business letters include:
1. Inquiry letters: Used to request information about products, services, or pricing.
2. Order letters: Used to place orders for goods or services.
3. Complaint letters: Used to make a formal complaint about a product or service.
4. Adjustment letters: Used to respond to a complaint or request for an adjustment.
5. Sales letters: Used to sell a product or service.
6. Acknowledgment letters: Used to acknowledge receipt of an order, complaint, or request.
7. Employment letters: Used to communicate with job applicants, employees, or ex-employees.
8. Invitation letters: Used to invite someone to an event or occasion.
9. Cover letters: Used to accompany a resume or job application.
Business letters are important because they create a record of communication between two parties, and they provide a paper trail of events. They are also important because they can be used in legal proceedings, as they show that the parties communicated about a particular matter. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
A business letter is not written
A. between a company and its customers or clients
B. between one company and another company
C. between two private individuals
D. to employees within a company to recognize important achievements
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The fact that Black Diamond has employees working in the organization from all around the world demonstrates:
Ethnocentrism
Stereotypes
Cultural competence
Like me bias
Answers
Answer:
The answer is Cultural competence
The fact in which the black diamond has the employees working in the company represents cultural competence.
The information related to cultural competence is as follows:
It is the capability for understanding, communicating, and interacting with people from different kinds of cultures. Also, it is should be presented in the black diamond.Thus all other options are wrong.
Therefore we can conclude that The fact in which the black diamond has the employees working in the company represents cultural competence.
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Compare and contrast the three most common types of healthcare indemnity plans.
Answers
The three types of healthcare indemnity plans are
Health maintenance organizations Point-of-service plans.Exclusive provider organizations What is an healthcare indemnity plan?Indemnity plans give you the freedom to choose your own doctor or hospital for your health care. The insurance company then pays a predetermined percentage of your total charges. Indemnity policies are also known as "fee-for-service" policies.
Health maintenance organizations (HMOs)- A Health Maintenance Organization's mission is to emphasize overall patient wellness and preventive healthcare while keeping costs low for its members by only covering in-network physicians and facilities.Exclusive provider organizations (EPOs)- A managed care plan in which services are only covered if you visit doctors, specialists, or hospitals within the plan's network.Point-of-service (POS) plans- A health insurance plan in which you pay less if you use doctors, hospitals, and other health care providers in the plan's network.To learn more about healthcare indemnity plans
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What other major trends or forces might affect marketing?
Answers
Answer:some major trends are -
Explanation:There will be increasing complexity in consumer purchasing decisions. ...
Personalization in product design and communications will be more prevalent. ...
Mobile communications are becoming the center of marketing. ...
Transparency will dictate brand-customer relationships.
1. Think about a business idea (sector)
2. Create a budget and a cash flow statement for that business
3. Highlight the investment appraisal technics to determine if such a business is viable or not.
4. Indicate the source of funding and if it's a loan create an amortisation schedule.
5. Try to convince someone to invest in your project with convincing evidences.
Answers
Answer:
i didn't understand
Explanation:
Marginal benefit is the
Answers
Answer:
Marginal benefit is the benefit received from maximum price you are willing to pay for it. Marginal benefit is the benefit received from. consuming one more unit of a good or service. Consumer surplus is the. value of a good minus the price paid for it summed over the quantity bought.
Answer:
A marginal benefit is the maximum amount a consumer is willing to pay for an additional good or service.
Briefly describe the traditional organizational structure.
Answers
Answer:
The traditional organizational structure is the structure has the following characteristics:
Explanation:
Hierarchical: there is a clear hiearchical structure, between the top levels of the organization, and the bottom levels of the organization. There is a clear line of command, and workers have to respond vertically to their supervisors, who at the same time have to respond vertically to top management.
And the other characteristic is that departments within the organization are clearly defined, and each worker belongs to a specific department.
Suppose the CPI was 110 last year and is 121 this year.
Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 1 decimal place. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.
a. What is this year’s inflation rate?
____ %
b. In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this year’s inflation rate?
____ %
c. What term do economists use to describe this second outcome?
Inflation or Deflation
Answers
The inflation rate is 10%, which can be computed the second answer is -1.8%. third outcome called deflation.
How to calculate CPI?a) The formula to CPI is
\(CPI= \frac{current CPI-past CPI}{past CPI}\)
\(CPI= \frac{121-110}{110}\)
CPI= 0.1 or 10%
b) \(CPI= \frac{current CPI-past CPI}{past CPI}\)
\(CPI= \frac{108-110}{110}\)
CPI= -0.18%
A decrease in the economy's overall price level is referred to as deflation, whereas a temporary slowdown in price inflation is known as disinflation. A decrease in the money supply, reductions in government and consumer expenditure, and reductions in corporate investment can all contribute to deflation, which is bad for an economy.
A progressive drop in consumer prices for products and services is known as price deflation. This is frequently brought on by the deflationary gap, also referred to as the demand gap, which is characterized by high supply and low demand. Consumers and businesses hold on to their money rather than spending it because they anticipate a decrease in pricing.
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$4,000 at 3% for 4years
Answers
Simple interest is $480
Given
Principal = $4000
Interest = 3% = 0.03
Time = 4 years
Simple interest = Principal x Interest x Time
SI = $4000 x 0.03 x 4
SI = $480
What is Simple interest?
The amount that the lender charges the borrower above and beyond the principal amount is known as the interest rate.
Simple Interest (S.I.) is a way for figuring out how much interest will accrue on a specific principal sum of money at a certain rate of interest.
Simple interest is a speedy and simple formula for figuring out how much interest will be charged on a loan. The daily interest rate, the principle, and the number of days between payments are multiplied to calculate simple interest.
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if there are 25 number 05 buyers what will be market demand
Answers
Answer:
its demand increases and when the price of a commodity rises,
Explanation:
demand decreases other things remaining constant.
After confirming that Mr. Boria's son is a new patient and that he is covered by Blue Cross/Blue Shield, what should you ask the patient?
A. Which Blue Cross Blue Shield plan is your son covered by, Mr. Boria?
B. When would you like to come in, Mr. Boria?
C. Has your son been seen in this office before, Mr. Boria?
Answers
Answer:
Option A
Explanation:
See
Mrborias son is convered already by blue cross or blue shield,we know that
So
we should ask what blue shield his son has been convered rather than when they come to achieve.
Option A is correct
Supervisors can more easily manage employees' motivation than they can their ability or the environment.
a. true
b. false
Answers
The statement is False.
Cheers!
The given statement is false.
Who are supervisors?A lower-level management position that is primarily centered on power over employees or the workplace is known as a supervisor, or lead. A professor who supervises a Ph.D. dissertation is an example of one of the most senior members of staff who can serve as a supervisor.
The supervisor's overall role exists to communicate organizational needs, oversee employees' interpretation, furnish guidance, and support, determine development needs, and manage the reciprocal relationship between staff and the association so that each exists successfully.
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A company would like to produce 1000 products per week for 30 weeks.The Direct Material Cost for the raw materials used in the product is $1.50 per product.After producing 100 products, the company must stop production to replace a filter on the machine (the filter is replaced after producing every 100 products). The filter costs $50.00.What is the Total Cost Per Product? A. $2.00 per product B. $1.72 per product C. $3.50 per product D. $65.00 per product E. $1.55 per product
Answers
Answer:
d. $65.00
Explanation:
to get to 1000 products first you must multiply 100 by 10 to get 1000 and you do the same for $1.50 which gets you $15 lastly you add the $50 filter and get $65.
Magic Realm, Inc., has developed a new fantasy board game. The company sold 8,400 games last year at a selling price of $70 per game. Fixed expenses associated with the game total $84,000 per year, and variable expenses are $50 per game. Production of the game is entrusted to a printing contractor. Variable expenses consist mostly of payments to this contractor. Required: 1-a. Prepare a contribution format income statement for the game last year. 1-b. Compute the degree of operating leverage. 2. Management is confident that the company can sell 10,416 games next year (an increase of 2,016 games, or 24%, over last year). Given this assumption: a. What is the expected percentage increase in net operating income for next year
Answers
Answer:
1-a. Net operating income = $84,000
1-b. Degree of operating leverage = 2.00
2-a. Expected percentage increase in net operating income for next year = 48%
2-b. Expected amount of net operating income for next year = $124,320
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Magic Realm, Inc., has developed a new fantasy board game. The company sold 8,400 games last year at a selling price of $70 per game. Fixed expenses associated with the game total $84,000 per year, and variable expenses are $50 per game. Production of the game is entrusted to a printing contractor. Variable expenses consist mostly of payments to this contractor. Required: 1-a. Prepare a contribution format income statement for the game last year. 1-b. Compute the degree of operating leverage. 2. Management is confident that the company can sell 10,416 games next year (an increase of 2,016 games, or 24%, over last year). Given this assumption: a. What is the expected percentage increase in net operating income for next year? b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)
The explanation of the answers is now given as follows:
1-a. Prepare a contribution format income statement for the game last year.
The contribution format income statement for the game last year can be prepared as follows:
Magic Realm, Inc.
Contribution Income Statement For the Game
For Last Year
Particulars Amount ($) Per Unit ($)
Sales (8,400 * $70) 588,000 70
Variable cost (8,400 * $50) (420,000) (50)
Contribution margin 168,000 20
Fixed cost (84,000)
Net operating income 84,000
1-b. Compute the degree of operating leverage.
Degree of operating leverage = Contribution margin / Net operating income = $168,000 / $84,000 = 2.00
2-a. What is the expected percentage increase in net operating income for next year?
This can be calculated as follows:
Expected percentage increase in net operating income for next year = Degree of operating leverage * Expected percentage increase in sales = 2 * 24% = 48%
2-b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)
Expected amount of net operating income for next year = Last year's net operating income + (Last year's net operating income * Expected percentage increase in net operating income for next year) = $84,000 + ($84,000 * 48%) = $84,000 + $40,320 = $124,320
what are downstream value chains
Answers
Downstream value chains refer to the stages of production and distribution that occur after the manufacturing or production of a product. It involves the processes, activities, and entities that are responsible for delivering the final product to the end consumer.
Downstream value chains typically include activities such as marketing, sales, distribution, retailing, and customer service. These stages focus on adding value to the product, ensuring its availability to the target market, and meeting customer demands. It involves activities like packaging, branding, logistics, pricing, and after-sales support.
Efficient management of the downstream value chain is crucial for achieving customer satisfaction, market reach, and profitability. It involves coordinating with intermediaries, managing distribution channels, and implementing effective marketing strategies to promote and deliver the product to consumers.
By optimizing the downstream value chain, organizations can enhance their competitiveness, expand market share, and capture customer loyalty in the final stages of the product's journey from producer to consumer.
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design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions
Answers
The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.
In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:
1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.
2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.
3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.
4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.
5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.
6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.
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Neap, spring, high, and low are all types of ____________________.
Answers
Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system and the gross method. Apr. 2 Purchased $6,200 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point. 3 Paid $200 cash for shipping charges on the April 2 purchase. 4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $450. 17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. 18 Purchased $11,700 of merchandise from Frist Corp. with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination. 21 After negotiations, received from Frist a $500 allowance toward the $11,700 owed on the April 18 purchase. 28 Sent check to Frist paying f
Answers
Answer:
April 2
Merchandise $6,200 (debit)
Accounts Payable : Lyon Company $6,200 (credit)
Purchase of Merchandise on credit from Lyon Company (FOB)
April 3
Accounts Payable : Lyon Company $200 (debit)
Cash $200 (credit)
Payment of Shipping Costs included in the Invoice
April 4
Accounts Payable : Lyon Company $450 (debit)
Merchandise $450 (credit)
Return of unacceptable merchandise to Lyon Company
April 17
Accounts Payable : Lyon Company $5,550 (debit)
Discount Received $111 (credit)
Cash $5,439 (credit)
Settlement of Account with supplier and recognition of discount received
April 18
Merchandise $11,700 (debit)
Accounts Payable : Frist Corp $11,700 (credit)
Purchase of Merchandise on credit from Frist Corp (FOB)
April 21
Accounts Payable : Frist Corp $500 (debit)
Merchandise $500 (credit)
Allowance received from supplier (Frist Corp)
Explanation:
There is some missing transactions for the dates closer to end of April.
However the rest of the journals and their narrations have been prepared. This will help with completing the rest of the transactions.
See journals above.
Which of the following is an example of a macroeconomic statement?
Lay-offs have led to increasing unemployment in the RV industry.
John Smith was recently laid off from his job at Thor.
The Elkhart County unemployment rate is 2%.
The national unemployment rate is 4%.
Answers
Answer:
The national unemployment rate is 4%
Explanation:
The following statement is an example of a macroeconomic statement: "The national unemployment rate is 4%."
A macroeconomic statement refers to an economic statement or analysis that focuses on the broader economy as a whole rather than on individual markets or companies. In this case, the statement about the national unemployment rate refers to the overall labor market in the country and not to a specific company or industry. The other statements are either about an individual's experience (John Smith's layoff) or a specific regional unemployment rate (Elkhart County's unemployment rate).
6. Determine the estimated sales if 40 contacts are made. 17. FILE A recent article in Bloomberg Businessweek listed the "Best Small Compa- nies." We are interested in the current results of the companies' sales and earnings. A random sample of 12 companies was selected and the sales and earnings, in millions of dollars, are reported below. Company Papa John's International Applied Innovation Integracare Wall Data Davidson & Associates Chico's FAS X Sales Earnings ($ millions) ($ millions) $89.2 18.6 18.2 71.7 58.6 46.8 $4.9 4.4 1.3 Company Checkmate Electronics Royal Grip M-Wave Serving-N-Slide 8.0 6.6 Daig 4.1 Cobra Golf X M Sales Earnings ($ millions) ($ millions) $17.5 11.9 19.6. 51.2 28.6 69.2 $2.6 1.7 3.5 8.2 6.0 12.8 Let sales be the independent variable and earnings be the dependent variable. a. Draw a scatter diagram. b. Compute the correlation coefficient. c. Determine the regression equation. d. For a small company with $50.0 million in sales, estimate the earnings. orting in several rec
Answers
a The scatter diagram is attached .
b The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
b The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
d If a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
How to explain the workingEnter the data into a spreadsheet.
Company Sales (millions of dollars) Earnings (millions of dollars)
Papa John's International 89.2 18.6
Applied Innovation 18.2 4.4
Integracare 71.7 1.3
Wall Data 58.6 4.9
Davidson & Associates 46.8 4.6
Chico's FAS 42.0 2.6
Checkmate Electronics 36.0 2.2
Royal Grip 30.0 1.7
M-Wave 24.0 1.5
Serving-N-Slide 18.0 1.3
Daig 12.0 1.1
Cobra Golf 6.0 0.8
Step 2: Use the "Scatter" function to create a scatter diagram.
The scatter diagram shows that there is a positive linear relationship between sales and earnings.
Use the "Correlation" function to calculate the correlation coefficient.
The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
Use the "Regression" function to calculate the regression equation.
The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
Substitute 50 for x in the regression equation to calculate the estimated earnings.
When x = 50, y = 0.09 * 50 + 2.2 = 41.2.
Therefore, if a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
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A business owner is aware that the Department of Labor has created rules
that require overtime pay for employees. When he works his employees more
than 40 hours in one week, he makes sure that he works them less than 40
hours the following week. The business owner feels that it is fair to average
the number of hours worked over the two weeks covered by the pay period
and use that number for calculating overtime pay. A representative of the
Department of Labor informs him that their regulations do not permit this,
Which of the following is true in this situation?
Answers
Answer:
the buisness owner must comply to the department of labor regulations
Explanation:
If the order is accepted, by how much will monthly profits increase or decrease? (The order would not change the company’s total fixed costs.) Show and label all computations using words and numbers to explain the steps please (final answer should be incremental profits)
Answers
If the Superior Company accepts the special order, monthly profits will increase by $2,500.
By how much will monthly profits increase or decrease if order is accepted?To determine the impact on monthly profits, we need to calculate the contribution margin per unit on the special order.
Contribution margin per unit = Selling price per unit - Variable costs per unit
= $15 - ($2.50 + $3.00 + $0.50 + $1.50)
= $7.50
The contribution margin ratio is 50% ($7.50 / $15).
The fixed costs are $4.25 + $2.00 = $6.25 per unit.
If the company accepts the special order, it will produce and sell an additional 2,000 units.
Total contribution margin from the special order:
= 2,000 units x $7.50 per unit
= $15,000
Since the order would not affect regular sales, the company's total fixed costs will remain the same. Therefore, the increase in monthly profits would be:
Increase in monthly profits = Total contribution margin from the special order - Incremental fixed costs
= $15,000 - ($6.25 x 2,000)
= $2,500.
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Your manager at the medium- sized company where you work has just called you in and asked you to explain why the company should spend its limited financial resources to develop a supplier management system.
Answers
Answer:
Explanation:
Answer: There can be several objectives some of which are explained below :-
Explanation:
1. Sharing of information in an effective and efficient manner in both inside and outside the organisation.
2. The technology to be used should be easy to understand and user friendly so that all related parties can use it as per their requirements without any hurdle.
3. Making a team of technical professionals to ensure resolving any technical issue that could arise in future.
4. Developing strategy to train and inform all the related parties affected by the implementation of this system.
Second-degree price discrimination: Multiple Choice results in transfer pricing. None of the answers are correct. is the practice of posting a discrete schedule of declining prices for different ranges of quantities. eliminates the problem of double marginalization.
Answers
Answer:
is the practice of posting a discrete schedule of declining prices for different ranges of quantities
Explanation:
In the case of the second degree price discrimination, the firm should chares the different kinds of the prices as per the quantity demanded i.e. if the large quantities are ordered so it should be charged at the less price and if the small quantities are ordered so it should be charged at the high prices. The motive behind this is to motivate the bulk sales that means when the buyer purchased the products in bulk so he will get the high discounts
Therefore the third option is correct