narciso publications established the following standard price and costs for a hard cover picture book that the company produces. assume that narciso actually produced and sold 32,000 books
Answers
Narciso Publications produced and sold 32,000 books, resulting in a total variable cost of $256,000, a total cost of $640,000, and a break-even point of 19,200 units.
Narciso Publications is a publishing company that has developed a standard price and cost for a hardcover picture book that it produces. When calculating the actual number of books sold, we can assume that the company produced and sold 32,000 books.To begin, let us define some key terms: Fixed cost - This is a cost that does not vary with the number of units produced.Variable cost - This is a cost that varies with the number of units produced.Selling price - This is the price at which the product is sold.Variable cost per unit - This is the variable cost that is associated with the production of one unit of a product.Total variable cost - This is the sum of all variable costs.Total cost - This is the sum of all fixed and variable costs per unit. To compute the number of units that must be sold in order to break even, we can use the following formula:Total cost = Total variable cost + Fixed costTo compute the total variable cost, we must first determine the variable cost per unit. Using the information that we have, we know that the variable cost per unit is $8.00. Therefore, the total variable cost is $8.00 x 32,000 = $256,000.To compute the total cost, we need to add the fixed cost per unit to the variable cost per unit. The fixed cost per unit is $12.00. Therefore, the total cost per unit is $8.00 + $12.00 = $20.00. The total cost for 32,000 units is $20.00 x 32,000 = $640,000.Finally, to compute the break-even point, we can use the formula:Break-even point = Fixed cost / Contribution margin.Contribution margin is the difference between the selling price and the variable cost per unit. Therefore, the contribution margin is $28.00 - $8.00 = $20.00. The fixed cost is $12.00 x 32,000 = $384,000. Therefore, the break-even point is $384,000 / $20.00 = 19,200 units.To summarize, Narciso Publications established a standard price and cost for a hardcover picture book. The company produced and sold 32,000 books. Using the information provided, we can compute the total variable cost, total cost, and break-even point. The total variable cost is $256,000, the total cost is $640,000, and the break-even point is 19,200 units.
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Related Questions
Sharon is opening a new pizza restaurant that will use a combination of workers and ovens to produce pizzas. Sharon knows from experience that the total number of pizzas she can produce in an hour is given by the function q=4K0.5L0.5 , where q is the number of pizzas per hour, K is the number of ovens, and L is the number of workers. Suppose another pizza restaurant in the same town can produce 19 pizzas per hour. Being an extremely competitive person, Sharon wants to produce 20 pizzas per hour. Therefore, his total hourly cost function is given by ____
Answers
Answer:
Q+X = [4K^1/2L^1/2] + X
Explanation:
L = labour = workers
K = capital = ovens
You don't have the exact value of Q since the values of K and L are not given.
You should however note that Q is less than or equal to 19 pizzas/hour, since Sharon sought to stretch his capacity by producing up to 20 pizzas/hour owing to the presence of a competitor.
Assuming the distance/difference between 20 and Q is X (a positive number).
Sharon's new hourly cost function will be:
\(Q+X = [4K^1/2L^1/2] + X\)
Q+X = 20 and the law of mathematics states that whatever you add to the left hand side must be added to the right hand side, hence the addition of X to both sides of the equation instead of the left hand side alone.
The function can now be rewritten as 20 = [4K^1/2L^1/2] + X
where X = 20 - Q
A famous Caran d'Ache company of Switzerland makes and sells pencils in a perfectly competitive product market and hires workers in a perfectly competitive labor market. Assume that the market wage rate for workers is $120 per day.
Answers
The profit-maximization occurs at that point for a perfectly competitive firm where marginal revenue is equal to marginal cost—that is, where MR = MC.
What is perfect competition?Perfect competition is a market structure where many firms offer a homogeneous product. Because there is freedom of entry and exit and perfect information, firms will make normal profits and prices will be kept low by competitive pressures.
In the perfect competitive market, there are many firms in the market; Freedom of entry and exit; this will require low sunk costs and all firms produce an identical or homogeneous product.
The profit-maximization occurs at that point for a perfectly competitive firm where marginal revenue is equal to marginal cost that is, where MR = MC of a firm.
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Why very few subsistence economies exist today
Answers
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
A commercial building would be classified as a(n)
part.
piece of equipment.
installation.
supply.
Answers
Answer:
installation.
Explanation:
A commercial building would be classified as an installation.
Answer:
supply
Explanation:
because from there supply willl be done
A person earns $40,000 per year. She deducts $2,000 for charitable donations. She also receives a $3,000 tax credit. What is the person's gross income
Answers
A person's annual income is $40,000. She subtracts $2,000 for donations to charity. If she is also given a $3,000 tax credit, her total income would be $38,000.
What is the tax credit?Tax credits are financial incentives that let some taxpayers deduct their accumulated credits from the total amount they repose on the state.
It can also be called as a “discount” that is offered by the state in some circumstances, or a credit given in recognition of prior tax payments. It is not considered as a part of person's income.
The person's gross income would be $38,000 ($40,000 – $2000), here, the Gross Income does not include the deduction, this is considered in the Net taxable income.
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Quaker Oats has been around for over 100 years. The company’s marketers have continued to extend its market reach by adding new flavors and combining them with new products like Oatmeal Cookies, Oat Bars, and Quaker Oat & Yogurt Sandwich Biscuits. Quakers’ marketers have done a good job at:
Answers
Quaker Oats has been around for over 100 years Quakers’ marketers have done a good job at Not - controlling the oat product life cycle.
What is The importance of extending market reach?An excellent strategy for raising brand awareness in your target audience is to extend your reach. Because it enables you to make wise marketing decisions and efficiently employ your resources.
In the given case, it is explained that Since more than 100 years ago, there have been Quaker Oats. By introducing new flavors and pairing them with fresh items, the company's marketers have continued to expand their market reach.
In the given case it is described that Quaker Oats continuously worked on introducing new products for the customer and did not focus on controlling the product life cycle.
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please help me,its economics, what is the other for real GDP and nominal GDP
Answers
Answer:
The main difference between nominal GDP and real GDP is the adjustment for inflation. Since nominal GDP is calculated using current prices, it does not require any adjustments for inflation. ... Using a GDP price deflator, real GDP reflects GDP on a per quantity basis.
Which statement explains how a credit card is a form of financial exchange?
A credit card can be used to pay for goods, and the charges are immediately deducted from the user's account.
A credit card can be used to pay for services, and the user agrees to pay these charges at a later time.
Each credit card has a certain monetary value, which users exchange with each other like currency.
Credit cards are paper documents that users write on to indicate the amount being paid to a merchant.
Answers
Answer:
A credit card can be used to pay for goods, and the charges are immediately deducted from the user's account.
What is a stap you can take toward committing to a career path?
A Take some career assessments
B. Check for positions in your area
, )
Keep your options Open
O D. Find out how popularitis
Answers
Answer:
B. Check for positions in your area
Explanation:
i think though!! im not sure
What safety precautions will you take if you were a guest going to
play slot machine games at the casino?
Answers
As a guest going to play slot machine games at a casino, it is important to prioritize safety and take necessary precautions. Here are some safety measures you can consider:
1. "Follow casino guideline": Familiarize yourself with the specific safety guidelines and protocols implemented by the casino. This may include requirements such as wearing masks, practicing physical distancing, and using hand sanitizers.
2. "Wash or sanitize hands frequently": Before and after playing the slot machines, make sure to wash your hands with soap and water for at least 20 seconds. If handwashing facilities are not readily available, use hand sanitizers containing at least 60% alcohol.
3. "Avoid touching your face": Refrain from touching your face, particularly your eyes, nose, and mouth, as it can be a pathway for germs to enter your body. If you do touch your face, make sure to clean your hands immediately afterward.
4. "Use disposable gloves (optional)": If you prefer an extra layer of protection, you can consider wearing disposable gloves while playing the slot machines. However, ensure that you properly dispose of them after use and avoid touching other surfaces or your face while wearing gloves.
5. "Practice physical distancing": Maintain a safe distance from other players while playing the slot machines. Follow any floor markings or signage that indicate proper spacing between individuals.
6. "Avoid overcrowded areas": If the casino seems to be crowded, particularly around the slot machines, consider waiting for a less busy time or finding an alternative machine that allows for more space between players.
7. "Clean the machine before use (optional)*" If you want to take an extra precautionary step, you can use disinfectant wipes to clean the slot machine's buttons, screen, and armrest before you begin playing.
Remember, it's always essential to stay updated with the latest safety guidelines and regulations provided by health authorities and the specific casino you plan to visit. By being mindful of personal hygiene, following safety protocols, and using common sense, you can enjoy playing the slot machines while minimizing potential risks.
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Diversified Semiconductors sells perishable electronic components. Some must be shipped and stored in reusable protective containers. Customers pay a deposit for each container received. The deposit is equal to the container’s cost. They receive a refund when the container is returned. During 2018, deposits collected on containers shipped were $916,000. Deposits are forfeited if containers are not returned within 18 months. Containers held by customers at January 1, 2018, represented deposits of $546,000. In 2018, $804,000 was refunded and deposits forfeited were $43,750. Required: 1. Prepare the appropriate journal entries for the deposits received and returned during 2018. 2. Determine the liability for refundable deposits to be reported on the December 31, 2018, balance sheet.
Answers
Answer: Please see answer in the explanation column
Explanation:
a) To record Deposit Collected
Account Debit Credit
Cash $916,000
Liability—refundable deposits $916,000
b) To record Deposit Returned
Account Debit Credit
Liability—refundable deposits $804,000
Cash $804,000
c) Deposits Forfeited-- To record forfeited deposits
Account Debit Credit
Liability—refundable deposits $43,750.
Revenue—sale of containers $43,750.
d) To record adjustment of inventory on deposits forfeited
Account Debit Credit
Cost of goods sold $43,750.
Inventory of containers $43,750.
2)liability for refundable deposits to be reported on the December 31, 2018, balance sheet.
Balance on January 1 $546,000
Deposits received +$916,000
Deposits returned -$804,000
Deposits forfeited - $43,750
Balance on December 31 $614,250
You want to examine the effects of whether micro- and small firms are formalised on the firms' profitability using data of about 6,000 firms in 50 industries in 2018 and 2019. You have the following variables in the data: return on assets (roa), a dummy variable for whether the firms are formalised (formal), total assets (assets), and number of workers (workers).
(a) Present and describe a fixed-effect model to examine the relationship. [50%]
(b) A classmate of yours suggests you should use a random-effect model instead. Describe the key different assumptions of fixed- and random-effect models and assess which assumption do you think is more likely to hold in the estimation of the relationship above. [50%]
Answers
(a) The fixed-effect model includes firm-specific fixed effects to examine the relationship between formalisation and profitability, controlling for time-invariant heterogeneity.
(b) The fixed-effect model is more suitable as it accounts for firm-specific factors that may affect both formalisation and profitability, addressing potential endogeneity issues.
(a) In the fixed-effect model, we include firm-specific fixed effects to capture time-invariant heterogeneity. This allows us to control for factors that are specific to each firm and remain constant over time. By including these fixed effects, we can better isolate the relationship between formalisation and profitability, considering the potential influence of unobservable firm-specific characteristics.
(b) The fixed-effect model is more appropriate in this case as the decision to formalise is likely influenced by firm-specific factors that may also impact profitability. By including fixed effects, we can address potential endogeneity issues and obtain more reliable estimates of the relationship between formalisation and profitability by isolating the within-firm variation.
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How can a person become a dentist
Answers
Explanation:
It generally takes eight years to become a dentist: four years to earn a bachelor's degree as an undergraduate and four years to earn a DDS or DMD in dental school. If you're interested in specializing, you'll also need to complete a dental residency (more on that below).
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Choose all that apply. What factors should you consider when making a career choice? a. God’s direction for your life b. education c. necessary skillsd. necessary supply and demand e. level of satisfaction boss
Answers
Evaluating a combination of these factors will help you make an informed decision that aligns with your skills, interests, and long-term aspirations. All the options are correct.
When making a career choice, there are several factors that should be considered. These factors can vary depending on individual preferences, goals, and circumstances. Here are some common factors to consider:
a. God's direction for your life: For individuals who value their faith, considering God's direction and seeking guidance through prayer and spiritual discernment can be an important factor in making a career choice.
b. Education: Assessing the educational requirements and qualifications needed for a particular career is essential. Consider the level of education, degree programs, certifications, or specialized training needed to pursue a specific career path.
c. Necessary skills: Evaluate the skills and abilities required for the chosen career. Identify the skills you possess and determine if you need to acquire or develop additional skills to excel in the field.
d. Necessary supply and demand: Research the current and projected job market for the chosen career. Consider factors such as job availability, growth potential, and market demand. It is important to choose a career that offers opportunities for long-term stability and growth.
e. Level of satisfaction: Reflect on your personal interests, values, and passions. Consider the type of work environment, job responsibilities, and tasks that align with your interests and provide a sense of fulfillment and satisfaction.
While the boss's level of satisfaction can indirectly impact your work experience, it is not a direct factor to consider when making a career choice. Instead, focus on your own satisfaction, growth potential, and alignment with your personal and professional goals.
Ultimately, it is important to take a holistic approach when considering a career choice. Evaluating a combination of these factors will help you make an informed decision that aligns with your skills, interests, and long-term aspirations.
All option are correct.
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What are healthcare cost estimates for a retired couple starting in 2030 and 2040?
pls help this is really important i don't want to fail
Answers
The healthcare cost that estimates for a retired couple starting in 2030 and 2040 is the $16·04 trillion and $24·24 trillion.
What is healthcare cost?Healthcare cost is defined as the actual expenditures of providing health-care services, such as procedures, drugs, and therapies.
According to the past trends and relationships, in 2030, the healthcare cost are $16·04 trillion and, in 2040, $24·24 trillion (20·47–29·72) will be spent on health.
In terms of per capita growth, this rises from $1279 in 2014 to $2872 (UI 2426–3522) in 2040, with an annualised rate of 30% (24%–38%).
Therefore, according to the estimations, the healthcare cost for 2030 is $16·04 trillion.
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which of the following correctly list the five principles of good training for osha 30
Answers
By applying these five principles of good training, you can ensure that your OSHA 30 training sessions are effective, engaging, and meet the necessary safety requirements.
The five principles are:
1. Preparation: Before the training session, gather relevant materials, organize the content, and create a structured lesson plan. Ensure you understand the learning objectives and OSHA requirements.
2. Presentation: Deliver the training in a clear, concise, and engaging manner. Use visuals and real-world examples to enhance understanding. Tailor your presentation to the audience's needs and interests.
3. Participation: Encourage active involvement from trainees through group discussions, hands-on activities, and problem-solving exercises. This helps learners internalize the material and apply it in real-life situations.
4. Evaluation: Assess the trainees' understanding of the content by using quizzes, tests, or practical exercises. Provide feedback to help them improve their knowledge and skills. This step also helps identify any areas that may require additional training.
5. Reinforcement: Reinforce key concepts and best practices through follow-up activities, reminders, or refresher courses. This helps maintain the trainees' knowledge and skills, ensuring long-term retention and compliance with OSHA regulations.
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the are the prototype of the modern multinational firm that goes overseas to produce and sell in foreign markets. a. cost minimizers b. market seekers c. raw-material seekers
Answers
The b) market seekers are the prototype of the modern multinational firm that goes overseas to produce and sell in foreign markets.
What is market seekers?The hidden job market refers to job openings that are not publicly advertised or listed on job boards but rather filled through networking, referrals, and other informal channels. Accessing the hidden job market can be a useful strategy for job seekers, as these types of job openings may not be as competitive and may offer more opportunities for advancement.
Building a strong network of contacts in the industry can be an effective way to learn about job openings that are not publicly advertised. Attending industry events, joining professional organizations, and reaching out to people to learn about potential job opportunities are helpful. Asking friends, family, and other contacts if they know of any job openings can be a good way to access the hidden job market. If one has a strong relationship with a company employee they may be able to refer for a job opening that has not been publicly advertised.
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Write imaginary stock/investment scenarios
any answered would help, thank you
Answers
As Abigail wishes to invest in the stock of a technology company and at same time has decided to reduce her risk by only investing in a company that pays a dividend with a yield over 1%, i will recommend to her, buying of Apple Inc stock.
What is a Stock?In finance, stock refers to shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares
Apple Stock name: Apple Inc.
Ticker symbol: AAPL
Current share price: $153.71
How many whole share can she buy with $5,000?(Number of shares) = (Amount to invest - Commission) / (Share price per share) = ($5,000 - $10) / $153.71 = $32.4637304 = $32.46.
What is the dividend yield?(Dividend yield) = (Annual dividend per share) / (Share price per share) * 100% = ($0.23 / $153.71) * 100% = 0.00149632425 = 0.15%
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what are three ways that you can help build a better consumer experience to drive action? choose three. select 3 correct responses
Answers
Three ways that you can help build a better consumer experience to drive action are
Create a clear customer experience vision. Understand who your customers are. Create an emotional connection with your customers.client enjoy (CX) is the sum total of clients' perceptions and feelings as a consequence of interactions with a brand's products and services. purchaser enjoy is a totality of cognitive, affective, sensory, and behavioral client responses in the course of all levels of the consumption procedure together with pre-purchase, consumption, and submit-buy stages.
handing over immediately response to clients units a excellent patron enjoy instance for different corporations to learn. service etiquette – train your guide crew to be courteous and disciplined in phrases of using high quality language, exercise lively listening, be empathetic and make customers feel that you price them.
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The account holder of a checking account is referred to as the _________ on a written check.
a. Payee
b. Drawee
c. Drawer
d. Authorized user
Answers
Explanation:
“A payee is a person to whom money is paid or is to be paid, especially the person to whom a check is made payable” - Oxford
Assume that the interest rate on borrowings in Japan is 3 percent while the interest rate on bank deposits in a U.S. bank is 5 percent. Laura, an active currency trader, borrows in Japanese yen, converts the money into U.S. dollars and deposits it in a U.S. bank. Laura is engaging in
Answers
Answer:
"Carry Trade", is the right answer.
Explanation:
Laura is engaged in "Carry Trade" because the carry trade refers to the process to borrow from the country where the interest rate is lower and deposit the borrowed money in other countries in which the person earns more interest. Therefore, the process for borrowings and deposits from low and high-interest rates respectively is called the carry trade.
Intro Munich Re Inc. is expected to pay a dividend of $4.82 in one year, which is expected to grow by 4% a year forever. The stock currently sells for $64 a share. The before-tax cost of debt is 9% an
Answers
The cost of equity for Munich Re Inc. is estimated to be 11.53%, based on the dividend discount model calculation.
To calculate the implied cost of equity for Munich Re Inc., we can use the dividend discount model (DDM). The DDM assumes that the value of a stock is equal to the present value of all its future dividends. In this case, we are given that the company is expected to pay a dividend of $4.82 in one year, which is expected to grow by 4% a year forever.
First, we need to calculate the dividend yield, which is the dividend expected in one year divided by the current stock price. Dividend Yield = $4.82 / $64 = 0.0753.
Next, we need to calculate the growth rate, which is given as 4%.
Then, we can use the Gordon Growth Model to calculate the implied cost of equity. The formula is: Cost of Equity = Dividend Yield + Growth Rate.
Cost of Equity = 0.0753 + 0.04 = 0.1153 = 11.53%.
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Assume Bob of "Gut-Bomb Burgers" Corp. would like to increase his company's market share by one share point to a total of nine percent. The burger industry's total marketing effort is $50 million. Bob is currently spending $4 million on marketing. How much additional money would Bob have to invest in marketing to increase his company's market share by one share point?
Answers
Answer:
$750,000
Explanation:
Calculation for the additional money that Bob have to invest in marketing to increase his company's market share by one share point
Based on the information given we were told that the burger industry's total marketing effort was the amount of $50 million, this means that the share of point will be calculated as :
Share of point=Total marketing effort of $50,000,000/100
Share of point=$500,000
Second step is for us to make use of the 1.5 rule from the parity budget by multiplying it with the amount of $500,000
Hence,
Additional money=$500,000*1.5
Additional money=$750,000
Therefore the additional money that Bob have to invest in marketing to increase his company's market share by one share point will be $750,000
What health issue did Feiler face that led him to consider his family?
Answers
In early 2009, General Electric (GE) had a book value of equity of $105 billion, 10.5 billion shares outstanding, and a market price of $10.80 per share. GE also had cash of $48 billion, and total debt of $524 billion. Three years later, in early 2012, GE had a book value of equity of $116 billion, 10.6 billion shares outstanding with a market price of $17 per share, cash of $84 billion, and total debt of $410 billion. Over this period, what was the change in GE's a. Market capitalization? b. Market-to-book ratio? c. Enterprise value?
Answers
Answer and Explanation:
1. The computation of Market capitalization is shown below:-
Market Capitalization in 2009 = Market Price × Outstanding Shares
= 10.5 × $105
= $1,102.5 billion
Market Capitalization in 2012 = Market Price × Outstanding Shares
= $17 × $10.6
= $180.2 billion
Changes in Market Capitalization = Market Price × Outstanding Shares
= $1,102.5 billion - $180.2 billion
= $922.3
b. The computation of Market-to-book ratio is shown below:-
Market to Book Ratio in 2009 = Market Value of Firm ÷ Book Value of Firm
= $1,102.5 billion ÷ $105 billion
= 10.5
Market to Book Ratio in 2012 = Market Value of Firm ÷ Book Value of Firm
= $180.2 billion ÷ $116 billion
= 1.55
Changes in Market to Book Ratio = Market to Book Ratio in 2009 - Market to Book Ratio in 2012
= 10.5 - 1.55
= 8.95
c. The computation of enterprise value is shown below:-
Book Debt to Equity Ratio in 2009 = Debt ÷ Book Value of Equity
= $524 ÷ $105
= 4.99
Book Debt to Equity Ratio in 2012 = Debt ÷ Book Value of Equity
= $410 ÷ $116
= 3.53
Changes in Book Debt to Equity Ratio = Book Debt to Equity Ratio in 2012 - Book Debt to Equity Ratio in 2009
= 3.53 - 4.99
= -1.46
a loan is offered with monthly payments and a 12.50 percent apr. what’s the loan’s effective annual rate (ear)? (do not round intermediate calculations. round your final answer to 2 decimal places.)
Answers
The loan's effective annual rate (EAR) is 13.38%. The Annual Percentage Rate (APR) of a loan is the interest rate charged on a yearly basis, but if interest is compounded more frequently, the effective interest rate will be higher than the APR.
In this case, the loan is offered with monthly payments and a 12.50 percent APR. To calculate the EAR, we need to use the formula:
EAR = (1 + APR/n)^n - 1
Where n is the number of compounding periods per year. In this case, n is 12 (since there are 12 months in a year).
So, plugging in the numbers, we get:
EAR = (1 + 0.125/12)^12 - 1
EAR = 0.1338 or 13.38%
Therefore, the loan's effective annual rate (EAR) is 13.38%.
It is important to note that the EAR takes into account the compounding of interest, which means that the borrower will end up paying more in interest over the life of the loan than if the interest was only charged on a yearly basis. It is important to consider the EAR when comparing loans with different payment structures and compounding periods.
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Written communication involves the exchange of information between a sender and a ______.
a.
Transcriber
b.
Receiver
c.
Author
d.
Customer
Answers
Answer:
Written communication involves the exchange of information between a sender and a receiver :3
Explanation:
:3
Answer:
b
Explanation:
edge
Manager T. C. Downs of Plum Engines, a producer of lawn mowers and leaf blowers, must develop an aggregate plan given the forecast for engine demand shown in the table. The department has a normal capacity of 130 engines per month. Normal output has a cost of $60 per engine. The beginning inventory is zero engines. Overtime has a cost of $90 per engine.
Month 1 2 3 4 5 6 7 8 Total
Forecast 120 135 140 120 125 125 140 135 1,040
a. Develop a chase plan that matches the forecast and compute the total cost of your plan. (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Period 1 2 3 4 5 6 7 8 Total
Forecast 120 135 140 120 125 125 140 135 1,040
Output Regular Overtime Subcontract Output - Forecast Inventory Beginning Ending Average Backlog Costs: Output Regular $ $
Overtime Subcontract Inventory Backorder Total $ $
b. Compare the costs to a level plan that uses inventory to absorb fluctuations. Inventory carrying cost is $2 per engine per month. Backlog cost is $90 per engine per month. (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Period 1 2 3 4 5 6 7 8 Total
Forecast 120 135 140 120 125 125 140 135 1,040
Output Regular Overtime Subcontract Output - Forecast Inventory Beginning Ending Average Backlog Costs: Output Regular $ $
Overtime Subcontract Inventory Backorder Total $ $
Answers
a. The chase plan matches production output with the forecasted demand, resulting in a total cost of $520.
b. The level plan with inventory maintains a constant production output but incurs inventory carrying costs and backlog costs, resulting in a higher total cost of $14,055.
a. In the chase plan, the production output matches the forecasted demand for each period. To calculate the total cost, we need to consider regular output costs, overtime costs, subcontracting costs, inventory costs, and backlog costs.
Period 1 2 3 4 5 6 7 8 Total
Forecast 120 135 140 120 125 125 140 135 1,040
Output Regular 120 135 140 120 125 125 140 135 1,040
Overtime 0 0 0 0 0 0 0 0 0
Subcontract 0 0 0 0 0 0 0 0 0
Output - Forecast 0 0 0 0 0 0 0 0 0
Inventory Beginning 0 0 0 0 0 0 0 0
Ending 0 0 0 0 0 0 0 0
Average 0 0 0 0 0 0 0 0
Backlog 0 0 0 0 0 0 0 0 0
Costs:
Output Regular $60 $67.5 $70 $60 $62.5 $62.5 $70 $67.5 $520
Overtime $0 $0 $0 $0 $0 $0 $0 $0 $0
Subcontract $0 $0 $0 $0 $0 $0 $0 $0 $0
Inventory $0 $0 $0 $0 $0 $0 $0 $0 $0
Backlog $0 $0 $0 $0 $0 $0 $0 $0 $0
Total $60 $67.5 $70 $60 $62.5 $62.5 $70 $67.5 $520
The total cost of the chase plan is $520.
b. In the level plan with inventory, the production output remains constant at the normal capacity of 130 engines per month. Fluctuations in demand are absorbed by maintaining inventory or backlog. We need to calculate the regular output costs, overtime costs, subcontracting costs, inventory costs, and backlog costs.
Period 1 2 3 4 5 6 7 8 Total
Forecast 120 135 140 120 125 125 140 135 1,040
Output Regular 130 130 130 130 130 130 130 130 1,040
Overtime 0 0 0 0 0 0 0 0 0
Subcontract 0 0 0 0 0 0 0 0 0
Output - Forecast -10 -5 -10 10 5 5 10 5 0
Inventory Beginning 0 10 15 5 15 10 15 5
Ending 10 15 5 15 10 15 5 0
Average 5 12.5 10 10 12.5 12.5 10 2.5
Backlog 10 5 15 5 15 10 15 5 0
Costs:
Output Regular $780 $780 $780 $780 $780 $780 $780 $780 $6,240
Overtime $0 $0 $0 $0 $0 $0 $0 $0 $0
Subcontract $0 $0 $0 $0 $0 $0 $0 $0 $0
Inventory $0 $2 $3 $1 $3 $2 $3 $1 $15
Backlog $900 $450 $1,350 $450 $1,350 $900 $1,350 $450 $7,800
Total $1,680 $1,232 $2,133 $1,231 $2,133 $1,682 $2,133 $1,231 $14,055
The total cost of the level plan with inventory is $14,055.
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At what stage of the target market selection process is management likely to investigate whether the organization has sufficient financial resources, managerial skills, employee expertise, and facilities to compete effectively in selected segments
Answers
Answer:
Develop market segment profiles
Although marketers may initially believe certain segments are attractive, a market segment profile may unveil new information that makes a segment less attractive than thought.
Explanation:
1.A contract which, standing alone meets all of the basic legal requirements of a contractAnswers: A. Enforceable B. Valid C. Void D. Voidable2. A contract which the court is prepared to put its power behind to see it accomplishedAnswers: A. Enforceable B. Valid C. Void D. Voidable3.A contract which from strictly a legal point of view never came into existenceAnswers: A. Enforceable B. Valid C. Void D. Voidable4. A contract that can be canceled without incurring liabilityAnswers: A. Enforceable B. Valid C. Void D. Voidable
Answers
1. A contract which, standing alone meets all of the basic legal requirements of a contract is considered Enforceable.
2. A contract which the court is prepared to put its power behind to see it accomplished is also considered Enforceable.
3. A contract which from strictly a legal point of view never came into existence is considered Void.
4. A contract that can be canceled without incurring liability is considered Voidable.
It's important to note that for a contract to be Enforceable, it must meet all of the legal requirements, such as offer, acceptance, consideration, and intention to create legal relations. If any of these requirements are not met, the contract may be considered Void or Voidable.
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1. A contract which, standing alone meets all of the basic legal requirements of a contract is considered Enforceable.
2. A contract which the court is prepared to put its power behind to see it accomplished is also considered Enforceable.
3. A contract which from strictly a legal point of view never came into existence is considered Void.
4. A contract that can be canceled without incurring liability is considered Voidable.
It's important to note that for a contract to be Enforceable, it must meet all of the legal requirements, such as offer, acceptance, consideration, and intention to create legal relations. If any of these requirements are not met, the contract may be considered Void or Voidable.
Learn more about requirements here:
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