You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products: penguin patties, raskels, and kipples. All of these products have been on the market for some time, but, to entice better sales, Run-of-the-Mills wants to try a new advertisement that will market two of the products that consumers will likely consume together.
As a former economics student, you know that complements are typically consumed together while substitutes can take the place of other goods.
Run-of-the-Mills provides your marketing firm with the following data: When the price of penguin patties increases by 5%, the quantity of raskels sold decreases by 4% and the quantity of kipples sold increases by 5%.
Your job is to use the cross-price elasticity between penguin patties and the other goods to determine which goods your marketing firm should advertise together.
1. Complete the first column of the following table by computing the cross-price elasticity between penguin patties and raskels, and then between penguin patties and kipples. In the second column, determine if penguin patties are a complement to or a substitute for each of the goods listed. Finally, complete the final column by indicating which good you should recommend marketing with penguin patties.
Relative to Penguin Patties
Cross-Price Elasticity of Demand Complement or Substitute Recommend Marketing with Penguin Patties (Yes or No)
Raskels
Kipples

Answers

Answer 1

Answer;

Raskels = 0.8 Substitute

Kipples = -1 Complement

Explanation:

Cross-price

elasticity of demand , Complement

Raskels (-4%)/(-5%) = 0.8 Substitute

Kipples (5%)/(-5%) = -1 Complement

Recommended

Raskels No

Ripples Yes

Cross price elasticity = Percentage change in quantity demanded of a good/Percentage change in price of another good.

If it is positive, then it means that the good is a substitute and should not be advertised together.

And If it is complement, then the good is a complement and should be advertised together.


Related Questions

The Consumer Product Safety Commission (CPSC) does not
O have seven commissioners
O appoint its commissioners for seven-year terms
O ensure that products have adequate warnings and instructions
O represent an independent regulatory commission

Answers

No independent regulatory body is represented by the Consumer Product Safety Commission (CPSC).

What is the product?

The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.

A safe product is one that, while taking into account the regular or reasonably anticipated usage of the product and the requirement to maintain a high degree of protection for consumers, offers either no risk or a minimum tolerable level of risk.

The Consumer Product Safety Commission (CPSC) protects the public from unreasonable risks of serious injury or death from thousands of types of consumer products under its jurisdiction, including products that pose a fire, electrical, chemical, or mechanical hazard or can injure .

Therefore, Thus option (D) is correct.

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Problem 1 (20 points) For this problem, you will use theHarry's Holiday Hotel found in the Exam Workbook. In thisparticular problem, imagine a local business person who operates alocal hotel wishes to have you complete a spreadsheet application for her business. In this spreadsheet you will see a simple form he intends to use to calculate customer totals.
Your task is to complete the following activities:
1) Create an appropriate data validation, appropriate input message, and relevant error alert for all of the fields highlighted in yellow. (2 pts each)
a. Cells C7 should reflect the choice of hotel room (Studio, 1 BR, 2 BR & Penthouse)
b. C11 should reflect the number of nights stayed. (Minimum 2, Maximum is 14)
C G7 should reflect the customer's status in the rewards program. Options listed in
spreadsheet as: None, Silver, or Gold
2) Enter the following values in your spreadsheet
Enter the value of 0 in cell J7, Enter the value of 1.5 in cell K7
. Enter the value of 3 in cell L7, Enter the value of $99 in cell J12
. Enter the value of $129 in cell 313, Enter the value of $149 m cell 114 . Enter the value of $189 in cell. JIS

Answers

To create data validation for the highlighted fields in yellow:
For cell C7, select the cell and go to the Data Validation option in the Data tab. In the Settings tab, choose "List" under Allow, and in the Source field, enter the options for hotel room types (Studio, 1 BR, 2 BR & Penthouse) separated by commas. In the Input Message tab, enter a message to inform the user about the available options. In the Error Alert tab, select "Stop" and enter an error message to inform the user to choose a valid option.
For cell C11, select the cell and go to the Data Validation option in the Data tab. In the Settings tab, choose "Whole Number" under Allow, and in the Data field, choose "between" and enter the minimum (2) and maximum (14) number of nights stayed. In the Input Message tab, enter a message to inform the user about the valid range of values. In the Error Alert tab, select "Stop" and enter an error message to inform the user to enter a value within the valid range.
For cell G7, select the cell and go to the Data Validation option in the Data tab. In the Settings tab, choose "List" under Allow, and in the Source field, enter the options for customer status in the rewards program (None, Silver, Gold) separated by commas. In the Input Message tab, enter a message to inform the user about the available options. In the Error Alert tab, select "Stop" and enter an error message to inform the user to choose a valid option.
To enter the values in the spreadsheet:
Select the cells J7, K7, L7, J12, J13, J14, J15 and enter the values as instructed.
Note: Make sure to save your spreadsheet and test the data validation and error alerts by entering invalid or out-of-range values.

18 1/2% to a fraction and reduce to lowest term

Answers

The lowest term of the given fraction 18 /12 is 37/2.

What is a Fraction?

An element of a whole is a fraction.

The number is represented mathematically as a quotient, where the numerator and denominator are split.

Both are integers in a simple fraction.

A fraction appears in the numerator or denominator of a complex fraction.

The numerator of a proper fraction is less than the denominator.

So, we have the fraction:

18 1/2

Now, convert t in the lowest term as follows:

18 1/2

2(18)+1/2

36+1/2

37/2

Therefore, the lowest term of the given fraction 18 /12 is 37/2.

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Correct question:

18 1/2 to a fraction and reduce to the lowest term?

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Answers

Answer:

Oh dear... Do you need help with something or is this just something random- lol

Explanation:

The Aleutian Company produces two products, Rings and Dings. They are manufactured in two departments—Fabrication and Assembly. Data for the products and departments are listed below. Product ​ Number of ​units Labor hrs per unit Machine hours per unit Rings 1,000 4 6 Dings 2,000 3 9 All of the machine hours take place in the Fabrication Department, which has an estimated overhead of $90,000. All of the labor hours take place in the Assembly Department, which has an estimated total overhead of $105,000. The Aleutian Company uses departmental overhead rates. The Fabrication Department uses machine hours for an allocation base, and the Assembly Department uses labor hours. ​ What is the Fabrication Department overhead rate per machine hour?

Answers

Answer:

$3.75

Explanation:

The computation of the fabrication department overhead rate per machine hour is shown below:

But before that first determine the following calculations

The Total number of hours is

= 1,000 ×6 + 2,000 × 9

= 6,000 + 18,000

= 24,000

And, the total estimated overhead is $90,000

So, the overhead rate per machine hour for the fabrication department is

= $90,000 ÷ 24,000 hours

= $3.75

QUESTION 4: PROGRESS REPORT On the 20th of April 2023, The campus manager, Mr Manoto, requested the secretary in the SRC office, to compile a report on the progress of the revival day planning. In your report tasks that are completed are invitations for special guests and booking of live performers; the task committee is still busy with finalizing the design of the banners and T-shirt and sports bottle printing. Due to overspending on budget, you still have not booked catering and security for the day. Your report must be in memo format. ​

Answers

A sample memo based on the given question prompt is given below:

The Memo

Memorandum

To: Mr. Manoto, Campus Manager

From: SRC Office Secretary

Date: April 20th, 2023

Subject: Progress update for Revival Day planning

Esteemed Mr. Manoto,

Please find below a status report detailing advancements made in the preparations of the upcoming Revival Day ceremony. We have accomplished issuing invitations to prominent guests and securing prominent musical acts. Our committees are putting the finishing touches to banner design, T-shirt outfits, as well as customizing sport water bottles.

Conversely, budgetary concerns impede us from booking security or catering caterers essential for event operations. However, we are investigating ways to cut expenses while still delivering quality service. We will be prompt with updates about progress made through these alternative strategies.

Thank you for your kind ownership in this venture; rest assured that our team is steadfastly dedicated to ensuring an excellent Revival Day rally session.

Yours faithfully,

[Your name]

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neurons and some other specialized cells divide infrequently because they . neurons and some other specialized cells divide infrequently because they . can no longer bind cdk to cyclin show a drop in mpf concentration have entered into g0 no longer have active nuclei

Answers

They were transferred to GO They can't connect to cyclin anymore. They no longer contain signal molecule receptors and no longer contain active nuclei. The concentration of MPF has decreased.

What is a molecule, for instance?

A molecule is the smallest unit of any material that is composed of one or more elements and is capable of existing independently while maintaining all of the substance's physical and chemical properties. Further atom division occurs within molecules. For instance, the atom and molecule of oxygen are represented by the letters O and Water vapour, respectively.

Explain what a molecule is.

A molecule is the simplest unit of a chemical that keeps its content and properties. It is made up of two or maybe more atoms that are joined together by chemical bonds. The foundation are molecules.

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I will give brainliest and ratings if you get this correct ​

I will give brainliest and ratings if you get this correct

Answers

3.1 The equilibrium price and quantity for City 1 are 75 and 25, respectively and the total profit for the monopoly is 3775.

3.2 City 2 has a lower price elasticity of demand than City 1.

How to calculate the value

3.1. To find the equilibrium price and quantity for each city, we need to equate the demand curve with the marginal cost curve. For City 1, we have:

P₁ = 100-Q = MC = 25

Solving for Q, we get:

Q₁ = 25

Plugging this value of Q into the demand curve for City 1, we get:

P₁ = 100-25 = 75

Therefore, the equilibrium price and quantity for City 1 are 75 and 25, respectively.

We can do the same thing for City 2 to find that the equilibrium price and quantity are 95 and 20, respectively.

To find the profit for each city, we can use the following formula:

Profit = (Price - MC) * Quantity

For City 1, we have:

Profit₁ = (75 - 25) * 25 = 1875

For City 2, we have:

Profit₂ = (95 - 25) * 20 = 1900

Therefore, the total profit for the monopoly is 3775.

3.2. To find the price elasticity of demand for each city, we can use the following formula:

Ed = -(ΔQ/Q)/(ΔP/P)

For City 1, we have:

Ed₁ = -(ΔQ₁/Q₁)/(ΔP₁/P₁) = -(0/25)/(25/75) = -1

For City 2, we have:

Ed₂ = -(ΔQ₂/Q₂)/(ΔP₂/P₂) = -(0/20)/(95/120) = -2

Therefore, City 2 has a lower price elasticity of demand than City 1.

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Cash paid to creditors ra 9000 after deducting 10% discount journal entry

Answers

The journal entry to record the cash payment to creditors after deducting a 10% discount would be as follows:

Debit: Creditors (Accounts Payable) 9,000
Credit: Cash 8,100
Credit: Discount Allowed 900

whats a good song

ill mark brain star

Answers

Answer:

it depends like like this person nf.....and kpop.....

there is a song from him....clouds and intro 1 2 and 3

Explanation:

I listen to stray kids too:))))))))))


Ming is visiting her company's headquarters in Germany, which has a highly assertive culture. She is likely to observe her coworkers

Answers

Answer:

  D: using competitive language when evaluating ideas

Explanation:

Choices seem to be ...

A: using subtle, indirect language in meetings.

B: allowing silence to linger in meetings.

C: expressing respect for others but letting issues go unresolved.

D: using competitive language when evaluating ideas.

E: expressing themselves in controlled, measured ways.

__

"Assertive" meaning "showing a confident or forceful personality", we don't expect subtle, or controlled language; nor do we expect lingering silence or unresolved issues. We expect choice D to be most likely.

The marketing manager of a firm has hired a market research team. Together, the manager and the researchers decide that they need data from current customers and noncustomers who fit a specific demographic and lifestyle profile. In the context of research design activities, the selection of these individuals as targets for data collection represents the ________.
Multiple Choice
type of research
nature of data
nature of data collection
information content
sampling plan

Answers

Option 4 is Correct. The decision to use these people as data collecting targets in the context of research design activities symbolizes the information content.

A market research team has been hired by a company's marketing manager. The management and researchers agree that they require information from people who meet a particular demographic and lifestyle profile, including both existing customers and noncustomers.

The manager of a business that specializes in automobile aftermarket parts is drawn to gathering secondary data. He worries about his rivals and the direction of the business. Along with industry research reports, he is interested in competitor industry and company analyses. The marketing philosophy holds that while creating any product or marketing campaign, the wants and needs of the target market should come first.

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Correct Question:

The marketing manager of a firm has hired a market research team. Together, the manager and the researchers decide that they need data from current customers and noncustomers who fit a specific demographic and lifestyle profile. In the context of research design activities, the selection of these individuals as targets for data collection represents the ________.

Multiple Choice

1. type of research

2. nature of data

3. nature of data collection

4. information content

5. sampling plan

Is scented candle harmful to dogs?

Answers

Answer:

Scented candles are not harmful to dogs for normal use, but high concentrations in a confined space for a long time would have an impact on the dog's sense of smell.

Because the candles you use will cause a lot of burnt smoke which is harmful to dogs. And aromatherapy ingredients contain a lot of chemical substances. If the windows are opened, it will be ok, if not the more chemical substances accumulate, the more it will be harmful to dogs, or even to the health of people.

Here are several ways to avoid the harm caused by aromatherapy to dogs:

Do not ignite the two types of aromatherapy in a short time or at the same time, to avoid the two types of aromatherapy, which are mutually ineffective and produce toxic gas.

Try not to light candles in a closed bedroom when you sleep.

Keep air circulation.

Keep all kinds of aromatherapy out of reach of dogs.

Use Home Lights scented candles in the right way.

Explanation:

https://hlcandles.com/

Which career requires LESS education than an Auditor?

a) Accountant

b) Bookkeeper

c) Credit Analyst

d) Financial Manager​

Answers

the answer is B) bookkeeper
The answer is b, the book keeper

Which of the following is the basis for Justice Ginsberg's opinion that Guido and
Rankin have legitimate grounds for a lawsuit?

Answers

Answer:2. Which of the following is the basis for Justice Ginsberg's opinion that Guido and Rankin have legitimate grounds for a lawsuit? The district is a public employer, making its size irrelevant. ... The district has already been sued for the same issue by other former employees.

Explanation:

The basis for Justice Ginsberg's opinion on Guido and Rankin is that The district is a public employer, making its size irrelevant.

In this case, Justice Ginsberg had ruled that the law had been misread due to the way that it was applied to the fire department.

It was stated that having a minimum number of workers was a requirement for private organizations.

This case had Guido and Rankin filing charges against the state fire department due to the fact that they felt that they had been discriminated on by the service.

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the ____ is a federal government agency that offers both managerial and financial assistance to small businesses

Answers

Small business administration.

Calculating Returns and Variability (LO1) You’ve observed the following returns on Regina Computer’s stock over the past five years: 7%, −12%, 11%, 38%, and 14%. a. What was the arithmetic average return on Regina’s stock over this five-year period? b. What was the variance of Regina’s returns over this period? The standard deviation?

Answers

The arithmetic average return that Regina Computer stock saw on its returns over the five years was 11. 6 %

The variance of the returns over the period was 320.3, and the standard deviation was 17.9 %

How to find the arithmetic mean?

The arithmetic mean on returns can be found by summing up all the returns and then dividing this by the number of returns.

The  arithmetic mean to Regina stock in the five year period was therefore:

= (7 % + - 12% + 11 % + 38 % + 14 % ) / 5

= 58 % / 5

= 11. 6 %

Using this mean, the variance can be found on a spreadsheet to be 320.3.

The standard deviation is the square root of variance so the standard deviation of Regina Computer stock in the past 5 years is:

= √ Variance

= √ 320.3

= 17.89

= 17.9 %

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Small Business Management (1)

There are at least eight different pricing strategies for established goods and services. Explain FOUR (4) of those strategies and under what conditions a business owner should use them.

Answers

The four pricing strategies commonly used by businesses for established goods and services are Penetration Pricing, Skimming Pricing, Premium Pricing and Bundle Pricing.

Here are four pricing strategies commonly used by businesses for established goods and services, along with the conditions under which they can be applied:

Penetration Pricing: Penetration pricing involves setting a low initial price for a product or service to quickly capture market share. This strategy is typically used when a business wants to enter a competitive market or launch a new product. Skimming Pricing: Skimming pricing is the opposite of penetration pricing. It involves setting a high initial price for a product or service and gradually lowering it over time. This strategy is often employed for products with unique features or a competitive advantage. Premium Pricing: Premium pricing involves setting a higher price than competitors to position the product or service as exclusive or of higher quality. This strategy is commonly used when a business wants to create a perception of luxury, prestige, or uniqueness. Bundle Pricing: Bundle pricing involves packaging multiple products or services together and offering them at a discounted price compared to purchasing each item individually. This strategy encourages customers to buy more items by providing them with a perceived value or cost savings.

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Claire and Evelyn have an argument over the timing of the charity event at an orphanage organized by their manager. Claire wants the timing to be 8:00 am while Evelyn wants the timing to be 9:00 am as the place is a bit far from her home. The manager intervenes and asks them to understand each other’s concern. They finally agree to the solution that the timing for the event could be 8:30 am and the manager would pick both of them from convenient spots. Which method of conflict resolution does the situation reflect?

MULTIPLE CHOICE
A.
competing
B.
avoidance
C.
collaboration
D.
smoothing over the problem
E.
compromise

Answers

the answer would be d

The method of conflict resolution that the situation reflects is compromise. In compromise, both parties give up something in order to reach a mutually agreeable solution. In this case, Claire and Evelyn both gave up their preferred timing in order to arrive at a compromise of 8:30 am. The manager also played a role in the compromise by offering to pick both of them up from convenient spots.

The other options are not correct. Competing is a conflict resolution method in which one party tries to get their way at the expense of the other party. Avoidance is a conflict resolution method in which one party tries to avoid dealing with the conflict altogether. Collaboration is a conflict resolution method in which both parties work together to find a solution that meets the needs of both parties. Smoothing over the problem is a conflict resolution method in which one party tries to make the other party feel better about the conflict, even if the problem is not actually resolved.

Company A has been experiencing lost sales and high returns recently, so they have decided to undertake a comprehensive quality program. The program would require additional inspection of products prior to shipment at an estimated cost of 45000, and the upgrading of production equipment at an estimated cost of 400000. Company A knows that if it undertakes this program, it will be able to reduce warranty repair costs by 25000. They also know they will be able to avoid lost profits by retaining customers, but they cannot quantify that benefit with any degree of precision.Should company A go ahead with the quality program?

Answers

Answer:

Explanation:

Incremental cost

Inspection cost prior to shipment - 45,000

Upgrading of equipment - 400,000

Incremental benefit - 25,000

The incremental cost of improving quality far outweigh the incremental benefit

Even though loss of profit was avoided by retaining existing customers , yet the quality improvement program dies not guarantee additional customers and profit to write off or reduce  the incremental cost .

Therefor , it is not advisable fort the company to go on with the quality program.


A W-2 form is a record showing an employee's personal payroll
information, yearly earnings, and deductions.*.

True
Or
False

Answers

Answer:

True

Explanation:

Some of the forklifts we use in the distribution centers will have to be replaced in the second quarter of the 2023 financial year, and we have to start thinking about it soon! We always purchased the forklifts outright from available cash resources or funded them by borrowing the required funding from the bank. We have recently learnt that many companies choose to lease their forklifts. These forklifts normally last a good ten years if we take good care of them. Prepare some relevant information that needs to be considered in a decision to lease or purchase?


Report on the following:


● Different options in the market


● Accounting treatment of the options


● Tax implications of the options


● Cost differentials and


● Cash flow implications


What would the correct decision be for the company.

Answers

Different options in the market:

The distribution center has two options when it comes to replacing its forklifts – leasing or purchasing. With leasing, the center would use the forklifts for a specified period, usually a few years, and then return them to the leasing company. On the other hand, purchasing the forklifts will give the center permanent ownership of the forklifts.

Accounting treatment of the options:

Leasing forklifts is treated as an operating expense that is reflected in the income statement. The lease payments are recorded as expenses over the life of the lease. However, purchased forklifts are treated as a fixed asset that is depreciated over their useful life. The depreciation expense is recognized over several accounting periods on the income statement.

Tax implications of the options:

Leasing forklifts can provide significant tax savings for the business as the lease payments are fully tax-deductible expenses in the financial year they are made. In contrast, depreciation and interest expense for purchased forklifts are deductible over several years, so tax deductions are delayed.

Cost differentials and cash flow implications:

Leasing forklifts would result in lower upfront costs and lower monthly payments compared to purchasing, but the total cost of leasing is typically higher over the long term. In contrast, purchasing requires a substantial upfront payment or a loan, but the total cost is lower over the long term. Cash flow implications of purchasing include funding the entire upfront cost of the forklifts and paying for any maintenance and repairs needed over the lifetime of the forklifts, while cash flow implications of leasing include lower upfront costs but higher monthly payments, which will reduce available cash flow in the short term.

What would the correct decision be for the company:

The company should decide based on its financial situation, long-term business planning, and cash flow requirements. If the company has a limited budget, a short-term need for the forklifts, or requires the latest models frequently, leasing may be a better option. But if the company values ownership, anticipates long-term use or higher utilization, and has the cash resources or access to financing, purchasing may be the more cost-effective option. The decision should consider the financial implications, tax considerations, and cash flow requirements of either option.

Which best explains why there are many job opportunities in the Lodging pathway?

Answers

Answer:

The pathway includes low-paying jobs.

Explanation:

Edge2021

Which of the following is not one of the variables that shift market demand

Answers

Is there any options to choose from??

Answer:

where is the option ..............

A policy of permitting the people of a country to buy and sell where they please, without restrictions, is called:

Answers

Answer: free trade

Explanation:

A policy of permitting the people of a country to buy and sell where they please, without restrictions, is referred to as the free trade.

Free trade allows countries interact with one another and trade the foods and services that they've.

Which of the following would cause consumers to demand fewer slices of pizza?
A. an increase in the supply of pizza slices
B. a decrease in the supply of tacos
C. an increase in the price of pizza slices

Answers

Answer:

C.

Explanation:

All the others make the supply of pizza larger, or high demand

Carbonale Castings produces cast bronze valves on a 10-person assembly line. On a recent day, 160 valves were produced during an 8-hour shift. The productivity of the line is valves per hour. John Goodale, the manager of Carbondale, changed the layout and was able to increase production to 180 valves per 8-hour shift. The new productivity is valves per hour. The % productivity increase is %. Round all answers to 2 decimal places.

Answers

Answer:

Missing word " Calculate the labor productivity of the line. b) John Goodale, the manager at Carbondale, changed the layout and was able to increase production to 180 units per 8-hour shift. What is the new labor productivity per labor-hour? c.) What is the percentage of productivity increase?"

a) Output = 160 valves

Input = 10*8 = 80 labor hours

Productivity = Output / Input

Productivity = 160/80

Productivity = 2 valves per labor hour

b) Output = 180 valves

Input = 10*8 = 80 labor hour

Productivity = Output/Input

Productivity = 180/80

Productivity = 2.25 valves per labor hour

c) Percentage increase in the productivity = [(2.25 - 2) / 2] * 100

Percentage increase in the productivity = 0.125 * 100

Percentage increase in the productivity = 12.5%

True Flight Golf manufacturers a popular shaft for golf clubs. Its trade secret is a unique process for weaving
high-tension wire into the center of the shaft such that energy is accumulated during the swing and released
at impact. A specialized machine costing $3,000,000 is utilized in the manufacturing process. The machine has
a 3-year life and no salvage value. True Flight uses straight-line depreciation. During the year, 25,000 shafts
were produced, and the company was operating at full capacity. $700,000 of wire was used during the year.

(b) For the two noted cost items, how much was total variable cost and total fixed cost?
(c) For the two noted cost items, how much was variable cost per unit and how much was fixed cost
per unit?
(d) Repeat requirements (b) and (c), assuming production was only 20,000 units (and wire usage was
reduced proportionately).
(e) For the following year, if the company acquired an additional machine to enable production of
40,000 total units, what would happen to the expected total and per unit variable and fixed cost?
(f) If the company experiences significant growth, and finds it necessary to continue to add additional
machines, how would the machine cost be characterized (hint: fixed, variable, or something else)?
In theory, at what production level(s) would per unit cost be minimized?

Answers

Explanation:

raj started business with Cash

Using activity-based costing to make decisions
Dino Dog Collars uses activity-based costing. Dino's system has the following features:
Predetermined Overhead
Activity
Allocation Base
Allocation Rate
Purchasing Number of purchase orders $ 65.00 per purchase order
Assembling Number of parts
0.36 per part
Packaging Number of finished collars
0.25 per collar
Each collar has four parts, direct materials cost is $9.00 per collar, and direct labor cost
is $4.00 per collar. Suppose Animal Hut has asked for a bid on 25,000 dog collars. Dino
will issue a total of 150 purchase orders if Animal Hut accepts Dino's bid.
Requirements
1. Compute the total estimated cost Dino will incur to purchase the needed materials
and then assemble and package 25,000 dog collars. Also compute the cost per collar.
2. For bidding, Dino adds a 40% markup to total cost. What total price will the
company bid for the entire Animal Hut order?
3. Suppose that instead of an ABC system, Dino has a traditional product costing
system that allocates indirect costs at the rate of $9.60 per direct labor hour. The dog
collar order will require 12,000 direct labor hours. What total price will Dino bid using
this system's total cost?
4. Use your answers to Requirements 2 and 3 to explain how ABC can help Dino
make a better decision about the bid price it will offer Animal Hut.

Using activity-based costing to make decisionsDino Dog Collars uses activity-based costing. Dino's system

Answers

Dino Dog Collars calculates the cost of producing 25,000 dog collars using activity-based costing. The total estimated cost, cost per collar, and bid price are calculated with a 40% markup.

What is the importance of ABC to management decision making?

ABC is an accounting methodology that assigns indirect costs to products or services based on the activities that generate those costs. Unlike traditional costing methods, which allocate indirect costs based on a single cost driver, ABC allocates costs based on multiple cost drivers, providing a more accurate picture of a product's or service's true cost. ABC's value to management decision making stems from its ability to provide more accurate and relevant cost information. Managers can use ABC to determine which activities are causing costs, where inefficiencies exist, and how to optimise processes to reduce costs and increase profitability. ABC assists managers in making informed pricing decisions by providing a better understanding of the true cost of products and services.

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What is the decision and reasoning of the Michael J French v. American Airlines- 2009 US dist. LEXIS 48654 (US district court Utah central division)

Answers

The court ruled in favor of American Airlines in the Michael J. French v. American Airlines case, finding that the airline had not broken the Americans with Disabilities Act by mandating that the passenger's service animal remain in a kennel throughout the flight.

An airline passenger's request for a reasonable accommodation under the Americans with Disabilities Act (ADA) was the subject of the Michael J. French v. American Airlines lawsuit in 2009. A disabled traveler named Michael J. French asked American Airlines to give him a special seat for his Golden Retriever service dog on a flight from Utah to Pennsylvania. American Airlines turned down the demand.

The case was handled in Utah's Central Division of the US District Court.

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