Wolfgang Kersten Mfg. Intends to increase capacity through the addition of new equipment. Two vendors have presented proposals. The fixed costs for proposal X are $150,000, and for proposal Y, $170,000. The variable cost for X is $120. 00, and for Y, $100. 0. The revenue generated by each unit is $200. 0.
a) If the expected volume is 28,500 units,
▼
proposal X
proposal Y
with a total
profit=$enter your response here
should be chosen (enter your response as a whole number).
b) If the expected volume is 15,000 units,
▼
proposal X
proposal Y
with a total
profit=$enter your response here
should be chosen (enter your response as a whole number)
Answers
a) At an expected volume of 28,500 units, Proposal X should be chosen as it yields a total profit of $1,920,000. b) At an expected volume of 15,000 units, Proposal Y should be chosen as it yields a total profit of $1,670,000.
(a): To determine the total profit for each proposal, we calculate the revenue and subtract the total cost. Proposal X has fixed costs of $150,000, a variable cost of $120.00 per unit, and an expected volume of 28,500 units. The total cost for Proposal X is $1,920,000, resulting in the highest total profit.
(b): Using the same calculations, at an expected volume of 15,000 units, Proposal Y has a lower total cost compared to Proposal X, resulting in a higher total profit of $1,670,000.
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Related Questions
Below are your options for a bank. Look at the banks details and decide which bank you would choose. Be sure to explain your answer.
Keys Bank
Insured: yes
Services: checking, savings, loans, CDs
Locations: downtown, near the office
Hours: 8 a.m. - 4 p.m.
ATMs: many convenient locations
Membership: none
Fees: $25 fee for going below minimum balance, $30 fee for bouncing a check, $10 fee for overdraft, ATM fees
Interest rates: .15 percent
New England Bank
Insured: yes
Services: checking, savings, online banking, loans, CDs
Locations: near the grocery store, throughout New England
Hours: 8 a.m. - 6 p.m.
ATMs: at the bank, near school
Membership: none
Fees: $25 fee for bouncing a check, $15 fee for overdraft
Minimum balance: no minimum balance
Interest rates: .5 percent
Answers
Answer: New England Bank.
Explanation: Starting with the services offered by both banks which are very similar except for the online banking afforded to New England Bank customers which means customers can bank from the comfort of their mobile devices and PC. Online banking is a very essential services in banking today.
Location : Throughout New England means customers need not worry traveling long distances before being able to visit their banks.
New England Bank also offers more opening hours to attend to customers
Even though ATM's are located at the bank or near school, since New England banks are easy to access and the availability of online banking. ATM location wouldn't be much of an issue.
New England Bank also offer higher Interest rate of 0.5% and doesn't require a minimum balance.
if the revenue generated by increasing variability is larger than the cost of the buffers needed to cover the variability increase, then increasing variability is a profitable decision
Answers
The statement given "if the revenue generated by increasing variability is larger than the cost of the buffers needed to cover the variability increase, then increasing variability is a profitable decision" is true because if the revenue generated by increasing variability is greater than the cost of implementing buffers to cover the increased variability, then increasing variability can be considered a profitable decision.
When it comes to managing variability in a system or process, such as supply chain operations or production processes, there are costs associated with implementing buffers to handle increased variability. These buffers could include additional inventory, safety stock, or capacity reserves. If the revenue generated by the system's ability to accommodate the increased variability outweighs the costs incurred to establish and maintain the buffers, then increasing variability can be viewed as a profitable decision.
However, it is important to carefully evaluate the trade-off between increased revenue and the costs associated with managing the variability to ensure that the overall profitability is positive.
""
if the revenue generated by increasing variability is larger than the cost of the buffers needed to cover the variability increase, then increasing variability is a profitable decision
True
False
""
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what is the term for a crm that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site?
Answers
User experience is the term for a CRM that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site. Option C
What is User experience?Generally, The term "user experience" describes how a product, application, system, or service makes the user feel. It is a general phrase that may refer to anything, including how easily a user can navigate a product, how simple it is to use, how pertinent the shown material is, etc.
A CRM that monitors the kind of sale that is most likely to prompt a consumer to buy an item that they have previously seen on an e-commerce site is known as a user experience CRM.
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CQ
What is the term for a CRM that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site?
Variability
Product or service measurement
User experience
Product development
A company uses accrual-basis accounting. On december 20, the company received $1,000 from a customer for services expected to be completed within 30 days. On december 20, the company recorded $1,000 of cash and unearned service revenue. The company does provide the services before the end of the current year, but it omits the year-end adjusting entry. This omission would cause the company’s current year.
Answers
The fact that the company omits the year-end adjusting entry of received amount from the customer for services to be completed in 30 days, means the omission would cause the current year c) liabilities to be overstated.
What will happen to the liabilities?When a service cannot be provided by a company in a period, the company is to record any cash received as unearned revenue which is a liability to the company.
If the company is able to provide the service after recording the cash as unearned revenue like the company above did, they are to move the cash from the unearned revenue to the revenue.
If the company omits this adjusting entry, then it would mean that liabilities are overstated because the unearned revenue of $1,000 should have been treated as revenue and not a liability.
Options for this question include:
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A company that produces and sells laptops has a weekly profit described by the function P(x) where x is the number of laptops produced and P(x) is given in hundreds of dollars. They determined their marginal profit for producing and selling 50 laptops was 3
Interpret this number in the context of the problem.
When the company produces and sells the______laptop it will____ $___in____
Answers
The company should produce and sell 416 laptops weekly to maximize its weekly profit.
The given computing company's weekly profit function isP(x) = -0.007x³ – 0.1x² + 500x – 700. The number of laptops produced and sold weekly is x units. To maximize the weekly profit of the company, we need to find the value of x at which the profit function P(x) attains its maximum value.
Now, differentiate the given function, we get:P′(x) = (-0.007) * 3x² – 0.1 * 2x + 500= -0.021x² – 0.2x + 500To find the value of x, we set P′(x) = 0 and solve for x.
So,-0.021x² – 0.2x + 500 = 0
Multiplying both sides by -1, we get0.021x² + 0.2x - 500 = 0.
To solve this quadratic equation, we can use the quadratic formula: x = (-b ± √(b² - 4ac)) / 2a where a = 0.021, b = 0.2, and c = -500
Substituting the values of a, b, and c in the above formula, we get: x = (-0.2 ± √(0.2² - 4 * 0.021 * (-500))) / 2 * 0.021≈ 416.1 or -2385.7
Since the number of laptops produced and sold cannot be negative, we take the positive root x = 416.1 (approx.) as the required value.
Therefore, the company should produce and sell 416 laptops weekly to maximize its weekly profit.
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The institution that manages Inventory for publishers and allows them to access multiple ad exchanges per auction is called o Ad network o Data management platform (DMP) o Demand side platform (DSP) o Supply side platform (SSP)
Answers
The institution that manages inventory for publishers and allows them to access multiple ad exchanges per auction is called a supply side platform (SSP). An SSP is a technology platform that connects publishers with multiple demand sources. Correct answer is supply side platform
An SSP automates the process of selling ad inventory by providing publishers with the tools to manage their inventory, set pricing rules, and access multiple demand sources through a single platform. The SSP also provides real-time reporting and analytics to help publishers understand their performance and optimize their inventory to maximize revenue.
Through an SSP, publishers can reach a larger pool of buyers and increase their revenue by participating in RTB auctions. The SSP acts as a mediator between publishers and demand sources, ensuring that ad inventory is sold at the highest possible price.
Overall, an SSP is an essential tool for publishers looking to monetize their digital content efficiently. By enabling publishers to access multiple demand sources and manage their inventory, an SSP allows them to maximize their revenue while providing advertisers with access to high-quality ad inventory through real-time bidding. Thus Correct answer is supply side platform
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Project L requires an initial outlay at t = 0 of $52,000, its expected cash inflows are $10,000 per year for 12 years, and its WACC is 10%. What is the project's payback? Round your answer to two decimal places.
__________ years
Answers
The project's payback is 5.20 years.
Given, Initial outlay (Po) = $52,000Cash inflows (C) = $10,000Period (n) = 12 years WACC = 10%To calculate the project's payback, we need to find the number of years it takes for the project's cash inflows to equal its initial outlay. The formula for payback period is: Payback period = Po/C Where, Po is the initial outlay, and C is the cash inflows. Substituting the values in the above formula, Payback period = $52,000/$10,000Payback period = 5.20 years Therefore, the project's payback is 5.20 years (rounded to two decimal places).
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If a lender agrees to an $80,000 loan at 9% for 15 years with 2 loan discount points, what amount will be charged at closing for the points
Answers
points charged at closing will be $80,000 × 0.02 (2 points equal 2%) = $1,600.
Points, also called discount points, lower interest rates in exchange for prepayment. Lenders lower your closing costs in exchange for accepting higher interest rates. These terms may be used to mean something else. "Point" is a term that mortgage lenders have used for many years.
Mortgage points (sometimes called discount points) are fees paid to lower interest rates on home purchases or refinancing. Discount points cost 1% of your mortgage amount. For example, if you take a $ 100,000 mortgage, one point costs $ 1,000.
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The interest rate a company pays on loans depends in part on
A. its current ratio, debt-asset ratio, and operating profit as a percentage of global sales revenues.
B. its credit rating and the length of the term of the loan (1-year versus 5-year versus 10-year)--the longer the payback period, the higher the interest rate.
C. its debt-equity ratio and interest coverage ratio in the prior year.
D. whether its credit rating is above or below a B rating--all loans made to companies with a B or lower rating are made at prime plus 3.5%, while loans to companies with a credit rating of B+ or above are made at prime plus 1.5% [prime is defined as the "base" or "lowest" interest rate that creditors charge very low-risk customers who put up 200% or more collateral]
E. the extent to which its default risk ratio is above/below 3.0.
Answers
The interest rate a company pays on loans depends in part on credit rating and the length of the term of the loan the longer the payback period, the higher the interest rate.
Option B is correct.
What does the term "interest rate" mean?An interest rate tells you how much borrowing costs and how much saving pays off. As a result, if you're a borrower, the interest rate is the percentage of the total loan amount that you pay to borrow money.
What kinds of interest rates exist?The three main types of interest rates are as follows: the effective rate, the real interest rate, and the nominal interest rate. The stated rate at which interest payments are calculated is what is referred to as the nominal interest on an investment or loan.
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1
3. A document that indicated items issued to different people from the
store is called
A store receipt voucher
B store issuing voucher
C. store requisition
D.bin card
E. goods received book
Answers
Answer:
E
Explanation:
What is a primary benefit of starting a new business without purchasing a franchise or buying an existing business?
1. Less record keeping
2. Lower financial risk
3. You can apply your own experience
4. Developing your own rules
Answers
Answer:
4.
Explanation:
Instead of having to follow a franchises rules or prexisting rules at the existing business you can develope your own affecting costs and overall efficiency of your company.
The primary benefit of starting a new business without purchasing a franchise or buying an existing business is developing your own rules. Thus, option fourth is correct.
What is business?A business is described as a firm or organization that engages in economic, industrial, or professional activity. Businesses can be either for-profit or non-profit organizations.
Limited liability firms, sole proprietorship, companies, and partnerships are all elements of marketing structures.
The first step of the business is to prepare the budget. As contrast to satisfying the financial criteria of purchasing a franchise or a running firm, you can tailor your new business to match your available cash, such as by working from home or part-time.
Therefore, it can be concluded that option fourth is correct.
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What are the three major types of equity accounts?
The three major types of equity accounts are investments, _________
and retained earnings.
Answers
The three major types of equity accounts are:
Common Stock: Common stock is a type of equity that represents ownership in a company. When a company issues common stock, it is essentially selling ownership shares in the company to investors. Common stockholders have voting rights and may receive dividends, which are a portion of the company's profits distributed to shareholders.
Retained Earnings: Retained earnings are the portion of a company's profits that are not distributed to shareholders as dividends but are instead retained by the company for reinvestment in the business. Retained earnings are reported as a component of shareholders' equity on the balance sheet.
Preferred Stock: Preferred stock is a type of equity that gives shareholders preferential treatment over common stockholders. Preferred stockholders typically receive a fixed dividend, which is paid out before common stock dividends, and they may have other rights such as priority in the event of liquidation. Preferred stock is often seen as a hybrid security because it has features of both equity and debt.
Note that the classification and naming of equity accounts may vary depending on the accounting standards used and the nature of the business.
Where do you report a stolen credit card to efta standards or pci standards
Answers
A merchant's PCI DSS compliance can be confirmed using the PCI Report on Compliance. The PCI DSS's standards and procedures were created to increase the security of credit card-based transactions and safeguard cardholder data from fraud and other unauthorized uses of their personal data.
To protect cardholders' private information and boost the security of transactions involving credit, debit, and cash cards, the Payment credit card Industry Data Security Standard (PCI DSS) is a well-known set of rules. PCI Compliance is NOT a one-time project but an ongoing practise. Merchants (the Business Owner) are in charge of overseeing the finances of their company's activities.
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define finance education for class 8
Answers
Any four point benefits of reuse?
Answers
Prevents pollution caused by reducing the need to harvest new raw materials.
Saves energy.
Reduces greenhouse gas emissions that contribute to global climate change.
Helps sustain the environment for future generations.
Hope it helps!
Answer:
The four benefits of reuse are
we can use the same things again.
we can conserve environment.
we can balance eco-system.
we can be away from pollution.
Jorge's soccer team is having its annual fundraiser. The team hopes to earn at least three times as much as it did last year. Last year the team earned $87. What is the team's goal for this year?
Answers
Answer:
131usd is the aswer
Explanation:
87*3=131usd
When a salesperson says or does something that creates agency such as giving advice to a customer, giving an opinion to a customer, or negotiating on the customer's behalf the licensee has:
Answers
Answer:
implied agency
Explanation:
The implied agency refer to an agency that is established from the principal and agent conduct. It develops the agency relationship. It is a real agency and a fact to be proved
Therefore as per the given situation since it is mentioned that at the time when the salesperson said or do something that establish the agency so this represent the implied agency
Therefore the same is to be considered
What the person above me said
Explanation:
i just took the asignment.
o d
Of the following, which is NOT in the socio-economic category of managed trade?
a. Embargoes
O b. Countertrade
.
O
O O O
c. Ethics and safety
5.
O
O d. Export cartels
7.
O
O e. The infant industry argument
8.
o
9.
a
10.
o
11.
о
12.
O
13.
оо
14.
Answers
Answer:
D.
Explanation:
governments of ____ countries can encourage trade by minimizing interference with the free exchange of goods and services.
Answers
Answer:
Developing
Explanation:
A large farm wants to try out a new type of fertilizer to evaluate whether it will improve the farm's corn production. the land is broken into plots that produce an average of 1,215 pounds of corn with a standard deviation of 94 pounds per plot. the owner is interested in detecting any average difference of at least 40 pounds per plot. how many plots of land would be needed for the experiment if the desired power level is 90%
Answers
Answer:
sample size, n = 116 land plots
Explanation:
n = sample size = (confidence level² · standard deviation²) / standard error²
assuming that we want a two tailed bell curve, z = 0.1 / 2 = 0.5, so z score = 1.645standard deviation = 94 poundsstandard error = 14.35n = (1.645² · 94²) / 14.35² = 23,910.4369 / 205.953 = 116.1 ≈ 116 land plots
Which of the following would normally fall under general education requirements at a college?
A. Literacy, natural sciences, social sciences, and physical education B. Music, physical education, world languages, and behavioral sciences
C. Math, music, physical education, and military history
D. Math, literacy, natural sciences, and social sciences
Answers
Answer: D. Math, literacy, natural sciences, and social sciences
Explanation:
General Education Requirements prepares students with the skills that are needed to enhance their employability and also help them in course of life. Some of these skills include oral and written communication, problem solving, critical thinking, etc.
Some of the subjects that would normally fall under general education requirements at college are Writing, Mathematics, Social science, Natural science, Global awareness, Diversity. etc.
________ and ________ allow a financial intermediary to offer safe liquid liabilities such as deposits while investing the depositors' money in riskier illiquid assets.
Answers
Fractional reserve banking and maturity transformation allow financial intermediaries to provide safe and easily accessible deposits to customers while investing those funds in riskier and less liquid assets.
Fractional reserve banking is a system in which financial institutions are required to hold only a fraction of the deposits they receive as reserves, while the rest can be used for lending and investment purposes. This allows them to create a larger amount of safe and liquid liabilities, such as demand deposits, than the actual reserves they possess. Simultaneously, financial intermediaries engage in maturity transformation, which involves borrowing short-term from depositors and using those funds to invest in longer-term and potentially riskier assets, such as loans or mortgages. By investing in these illiquid assets, financial intermediaries can earn a higher return. However, this practice also carries the risk of liquidity mismatches if depositors decide to withdraw their funds simultaneously or if the value of the invested assets declines significantly, potentially leading to financial instability.
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Nico joven presently earns $348.40 per week.He claims himself and his mother as allowances.He is single.He is to get a new job classification, which will result in a 15% increase in pay.He also plans to marry.After his marriage, he will claim his wife, himself, and his mother as allowances.How much less will be withheld weekly for federal income taz?
Answers
The amount less that will be withheld weekly for federal income tax is $40.65.
How to calculate the amount?The money withheld from the federal income tax will be:
= $348.40/2
= $174.20
The increase in pay will be:
= 15% × $348.40
= $52.26
The new salary will be the addition which is $400.66.
The new money withheld will be:
= $400.66/3
= $133.55
The amount less withheld will be:
= $174.20 - $133.55
= $40.65
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define the terms management science and operations research. management science and operations research are
Answers
Management science and operations research are two related but distinct disciplines.
Management science is the application of mathematical and statistical methods to solve managerial and organizational problems. It uses mathematical models and decision tools to identify and evaluate potential solutions.
Operations research is the study of how best to design and operate systems to meet certain objectives. It uses quantitative analysis, algorithms, and simulation to identify and optimize solutions.
Management science seeks to provide decision makers with the data and analysis needed to make decisions. It focuses on solving decision problems for a variety of businesses, including those in the transportation, healthcare, financial, and logistics industries. Operations research seeks to develop and evaluate methods for solving decision problems. It focuses on maximizing efficiency and effectiveness in the design and operation of complex systems.
Both management science and operations research draw on the principles of mathematics, statistics, and computer science. These principles are applied to the study of problems that involve resource allocation, system design, scheduling, and more. By combining the principles of mathematics, statistics, and computer science, these two disciplines help organizations improve efficiency and make more informed decisions.
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The monetary policy of jaune is controlled by the country's central bank known as the bank of jaune. the local unit of currency is the jaunian dollar. aggregate banking statistics show that collectively the banks of jaune hold $220 million of required reserves, $55 million of excess reserves, have issued $5,500 million of deposits, and hold $440 million of jaunian treasury bonds. jaunians prefer to use only demand deposits and so all money is on deposit at the bank.
Answers
The value of the money supply after banks adjust to the change in the reserve requirement is $6,875 million (option b)
Required Reserves = 220million
Excess Reserves = 55 million
Deposits = 5,500 million
In hold = 440 millions
Tazians prefer to use only demand deposits
and the bank has all of the money on deposit. Thus, the amount of money in circulation is 0.
Reserve Requirement = Required Reserves/deposit
=220/5500
=4%
Currency deposit ratio = 0%
Excess reserves to deposit ratio
= Excess Reserves / Deposits
= 55 /5,500
= 1%
Monetary base = Currency in circulation + Required reserves + Excess reserves
= 0 +220 + 55 = 275 million
If the Bank of Tazi changes the reserve
need ratio to 3% while maintaining the same level of excess reserves
Therefore total reserves Required = 3% + 1%
= 4%
Money Multiplier = 1 divide by 0.04 = 25
Therefore Money Supply = Monetary Base * Money Multiplier = $275 * 25
= $6,875 million
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The complete question is given below
The Monetary Policy of Jaune is controlled by the country's central bank known as the Bank of Jaune. The local unit of currency is the Jaunian dollar. Aggregate banking statistics show that collectively the banks of Jaune hold $220 million of required reserves, $55 million of excess reserves, have issued $5,500 million of deposits, and hold $440 million of Jaunian Treasury bonds. Jaunians prefer to use only demand deposits and so all money is on deposit at the bank.
Refer to Scenario 29-1. Suppose that the Bank of Jaune changes the reserve requirement to 3 percent. Assuming that the banks still want to hold the same percentage of excess reserves what is the value of the money supply after banks adjust to the change in the reserve requirement?
a.
$7,175 million
b.
$6,875 million
c.
$7,875 million
d.
$1,375 million
Which statement best explains the decrease in manufacturing jobs over the next few years?
1)There is not enough demand for manufactured goods.
2) These jobs are often outsourced to overseas factories.
3)There are not enough skilled workers to fill the positions.
4)The cost of technical training and on-the-job training is high.
Answers
Answer:
2) These jobs are often outsourced to overseas factories.
Explanation:
The correct option is B. These jobs are often outsourced to overseas factories which best explains the decrease in manufacturing jobs over the next few years.
What is the effect of outsourcing jobs?Outsourcing jobs enables American businesses to compete more effectively on a global scale. With abroad branches, they are able to sell to foreign markets. By employing in developing nations with lesser standards of living, they maintain low labor prices. As a result, the prices of the commodities they ship back to the US are reduced.
Production outsourcing has significant effects on labor and material costs, with a tendency to drive up material costs and drive down labor costs. This study also demonstrates that process techniques do not moderate the impact of high levels of supplier integration on total COGS.
The best choice is B. The loss in manufacturing jobs over the next years can be best explained by the fact that these positions are frequently outsourced to manufacturers in other countries.
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During year 1, albrecht sold his personal sport plane that had an adjusted basis to him of $112,000 to roy for $140,000. roy paid $40,000 as a down payment and agreed to pay $20,000 per year plus interest for the next 5 years. what is the amount of gain to be included in albrecht’s gross income for year 1?
Answers
Answer:
$8000
Explanation:
Given that:
Adjusted basis of sport plane = $112,000
Sales price = $140,000
Down payment = $40,000
Balance paid in $20,000 installment for the nest 5 years
Gross income:
Gross income = sales price - adjusted basis
Gross income = $140,000 - $112,000
Gross income = $28,000
Based on the installment payment of $20,000:
140,000/20,000 = 7
Gross income = $28000/ 7 = $4000
With down payment being 40,000
In year 1, down payment of $40,000 was made, which is 2 times the yearly installment amount.
Hence gross profit in year 1 = $4000 × 2 = $8000
economics is the study of how limited resources are used to satisfy human wants. economists look at the causes and effects of the choices people make. list 3 decisions that you have made in the last 24 hours.
Answers
Answer:
whether I should buy 1killo of orange or 2killo banana
A fundamental law of nature states that the quantities of labor, capital, land, and entrepreneurial resources that can be employed to produce products and services are finite. It implies that there are a finite number of resources available to the economy at any given time to produce products and services.
What three problems must an economic system solve?It's possible to question and remove unsourced material. The three basic economic questions that must be addressed and resolved by economic systems as a sort of social system are: "How much and which alternative commodities and services shall be created?" and "What kinds and amounts of goods shall be produced." How should products be made?
Limitations on resources and insatiable human desire are the root causes of all economic issues. It develops as a result of a lack of resources that can be used in other ways. Each community must make choices about how to use its limited resources. In general, resource allocation is the main issue in an economy.
Thus, The amount of labor, money, land and entrepreneurial resources that can be used to create goods and services is limited, according to a fundamental rule of nature.
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. A quadratic polynomial whose one zero is 6 and the sum of the zeroes is 0, is x*2-6
True
False
pls tell fast
Answers
Answer:
False
Explanation:
From the question, we can see that a quadratic polynomial is made up of two elements or variables called zeros in this question
From the question, we are told that one variable (zero) = 6
The second variable (zero) = unknown , therefore we can represent the second variable as Y
We are told that the sum of the variables = 0
This means:
6 + Y = 0
Therefore, Y = 0 - 6
Y = -6.
The second variable ( zero) = - 6
Since it is a quadratic polynomial,
The roots of the polynomials are the variables 6 and -6
Hence, we have:
(x + 6) (x - 6) = 0
Expanding the brackets
x² - 6x + 6x - 36 = 0
= x² - 36 = 0
Therefore, a quadratic polynomial whose one zero is 6 and sum of the zero is 0 is x² - 36 = 0
This means the statement made in the question above "A quadratic polynomial whose one zero is 6 and sum of the zero is 0 is x²-6" is false
States, counties, municipalities, and townships are examples of ______ purpose governments.
Answers
States, counties, municipalities, and townships are examples of general-purpose governments.
A municipality is usually a single administrative division having corporate status and powers of self-government or jurisdiction as granted by national and regional laws to which it is subordinate. The term municipality may also mean the governing body of a given municipality.
A municipality is an official term for, and the official local equivalent of, a town, the latter being its archaic term and in all of its literal local translations including Filipino. Both terms are interchangeable.
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