The organization that conducts the 5-yearly survey on employment and unemployment to gather employment figures of a country varies depending on the country. In many countries, this survey is conducted by the national statistical agency or the national statistical office.
National statistical agencies or offices are responsible for collecting, compiling, and analyzing statistical data for a country. They are usually government agencies or departments that have the mandate to collect and publish official statistics, including employment figures.
These agencies employ various methods to collect employment data, such as surveys, censuses, administrative records, and sample surveys. The 5-yearly survey on employment and unemployment is one of the methods used to gather comprehensive data on the labor force and employment situation in a country.
The specific name of the organization conducting the survey may vary from country to country. For example, in the United States, the Bureau of Labor Statistics (BLS) conducts the Current Population Survey (CPS) to collect employment and unemployment data. In the United Kingdom, the Office for National Statistics (ONS) conducts the Labour Force Survey (LFS).
The organization that conducts the 5-yearly survey on employment and unemployment to gather employment figures varies by country. It is typically the national statistical agency or office responsible for collecting and publishing official statistics.
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The purchasing power of money and the price level vary Multiple Choice directly but not proportionately directly and proportionately. inversely directly during recessions but inversely during inflations
The purchasing power of money and the price level varyinversely directly during recessions but inversely during inflations. The answer is D.
The purchasing power of money and the price level have an inverse relationship. When the price level increases, the purchasing power of money decreases, and vice versa. Inflation, which is a general increase in the price level, erodes the value of money, leading to a decrease in purchasing power.
Conversely, when the price level decreases, such as during deflation, the purchasing power of money increases.
Therefore, the correct answer is "inversely" in terms of the relationship between the purchasing power of money and the price level.
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The purchasing power of money and the price level relate inversely - as price levels rise, purchasing power falls, and vice versa. However, this relationship is not always proportionate due to other economic elements not aligning directly with price changes. During inflation, real value of money drops, affecting its purchasing power.
Explanation:The purchasing power of money and the price level vary inversely. Simply put, when the price level rises (inflation), each unit of money buys fewer goods and services, hence the purchasing power of money declines. Conversely, when the price level decreases (deflation), the purchasing power of money increases. However, this is not always proportionate due to other variables involved.
For example, if other economic variables such as wages and interest rates do not move exactly in sync with inflation, or if they adjust for inflation only after a time lag, then inflation can produce unintended redistributions of purchasing power, creating blurred price signals, and making long-term planning challenging.
Moreover, during periods of high inflation, people who hold money, or any assets that do not yield return at least equal to inflation, suffer a loss in their purchasing power. This means the real value - or purchasing power - of their money falls even though its nominal value remains the same.
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In fall 2006, Pace University in New York raised its annual tuition from $24,600 to $29,200. Freshman enrollment declined from 1,500 in fall 2005 to 1,100 in fall 2006. Assuming that the demand curve for places in the freshmen class at Pace did not shift between 2005 and 2006, use this information to calculate the price elasticity of demand. Use the midpoint formula in your calculation. The price elasticity of demand for Pace University for the fall of 2006 is ___ (Hint: include the negative sign and enter your response rounded to two decimal places.)
Based on the given information of a tuition increase from $24,600 to $29,200 and a decline in freshman enrollment from 1,500 to 1,100, the price elasticity of demand is approximately -1.09.
The price elasticity of demand for Pace University for the fall of 2006 can be calculated using the midpoint formula.
The midpoint formula for calculating price elasticity of demand is:
Price elasticity of demand = (Percentage change in quantity demanded) / (Percentage change in price)
To calculate the percentage change in quantity demanded, we use the formula:
Percentage change in quantity demanded = ((New quantity - Old quantity) / ((New quantity + Old quantity) / 2)) * 100
Substituting the values, we have:
Percentage change in quantity demanded = ((1100 - 1500) / ((1100 + 1500) / 2)) * 100 = -27.78%
To calculate the percentage change in price, we use the formula:
Percentage change in price = ((New price - Old price) / ((New price + Old price) / 2)) * 100
Substituting the values, we have:
Percentage change in price = ((29200 - 24600) / ((29200 + 24600) / 2)) * 100 = 18.70%
Now we can calculate the price elasticity of demand:
Price elasticity of demand = (-27.78% / 18.70%) = -1.48 (rounded to two decimal places)
Therefore, the price elasticity of demand for Pace University for the fall of 2006 is approximately -1.09.
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What was the opening price of Dow Jones Industrial Average on Jul 09, 2018 in the format of XXXXX.XX?
Answer:
According to yahoo finance, the opening price of the Dow Jones Industrial Average on Jul 09, 2018, is 24519.20.
Explanation:
Dow Jones Industrial Average is a stock indicator of the top 30 companies of the US. Other indicators include NASDAQ Composite and S&P 500.
These indicators are used to assess the performance of the market on a subsequent day. From the historical data from the Yahoo Finance, the value for any day could be found which for July 09, 2018 is 24519.20.
Type the correct answer in the box.
Identify the marketing research technique implied in the scenario.
A toothpaste manufacturing company has created a new ad for their product to air on television. After the ad airs, bcthey intend to show the ad to a certain
number of customers and then ask them for their feedback regarding the ad. This company is engaging in the _____________
market research technique.
The company is engaging in Customer behavior marketing research techniques.
Consumer Behavior
Consumer behavior refers to the study of consumers and the actions and the decision processes they use to purchase goods and services to satisfy their needs and wants, including emotional, mental, and behavioral responses
Types of
Complex buying behaviorDissonance-reducing buying behaviorHabitual buying behaviorVariety seeking behaviorHence, The company is engaging in Customer behavior marketing research techniques.
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a business and its stakeholders coming together for face-to-face conversations about issues of common concern is called stakeholder:
The term "stakeholder" refers to a business and its stakeholders meeting in person to discuss matters of mutual interest. is accurate.
According to the definition of a stakeholder of a corporation found in a 1963 internal Stanford Research Institute paper, a stakeholder is a member of "groups without whose support the organisation would cease to exist". R. Edward Freeman later developed and promoted the theory in the 1980s. Since then, it has received widespread recognition in business theory and practise, particularly in relation to corporate social responsibility, strategic management, and corporate governance. A false dichotomy between the "shareholder model" and the "stakeholders model" or an incorrect analogy of the obligations towards shareholders and other interested parties have been created by the definition of corporate responsibilities through the classification of stakeholders to take into account, according to critics.
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You are a consultant helping to turn around a factory that hasn't adapted to modern manufacturing standards. They receive several truckloads of raw materials each day, which are recorded by hand in a logbook kept at the loading dock. Each of the salesmen keeps a running tally of orders and files them in the sales office. The deliveries are made once a truck is filled. What aspects of this factory can be significantly improved by introducing an EPR (enterprise resource planning) system?
environmental management
sales and revenue
human resource management
equipment maintenance
Answer:
use of modern technology
Explanation:
to make work and tallying
easy
Answer:Sales and revenue
Explanation:
This is standard business marketing
When people are among teammates, the team is susceptible to groupthink homogeneous and like-minded diverse multicultural heterogeneous
When people are among teammates, the team can become susceptible to a phenomenon called groupthink. This occurs when team members prioritize conformity and consensus over critical thinking and independent decision-making.
Groupthink can result in a homogeneous and like-minded team, where everyone is in agreement without considering alternative perspectives or solutions. However, a team that is diverse, multicultural, and heterogeneous can be more effective in avoiding groupthink and making better decisions. By bringing together individuals with different backgrounds, experiences, and perspectives, teams can benefit from a broader range of ideas and approaches.
While a team may be vulnerable to groupthink, it is important to strive for diversity and inclusivity to avoid this phenomenon and promote a more successful and innovative team dynamic.When people are among teammates who are homogeneous and like-minded, the team is more susceptible to groupthink. Groupthink occurs when members of a group prioritize conformity and harmony over critical thinking and the consideration of alternative viewpoints. This often leads to suboptimal decision-making.
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A money market account paid annual interest of 4.8% in June and 4.91% in July. A two-month, time deposit account pays 4.87% annual interest. Neither account compounds interest. Which account would have earned more interest if $15,000 were left on deposit in each account for 2 months? *
Answer:
The time deposit account earned $0.37 more than the money market account.
This is so minimal and insignificant that it does not make a noticeable difference and the deposit could be put in any of the two accounts without the depositor suffering any disadvantage.
In practice, the time deposit earns more on the average than the money market account, because it has a stated period unlike the money market account that is always fluid.
Explanation:
a) Data and Calculations:
Money market account:
Interest rate in June = 4.8%/12
Interest rate in July = 4.91%/12
Deposit in account = $15,000
Interest earned in June = $60 ($15,000 * 4.8%/12)
Interest earned in July = $61.38 ($15,000 * 4.91%/12)
Total interest earned in June and July = $121.38
Time deposit account:
Interest rate in June and July = 4.87% * 2/12
Deposit in account = $15,000
Interest earned in June and July = $121.75 ($15,000 * 4.87% * 2/12)
The employee greets you as usual and walks toward the exit. Do you have reasonable suspicion to stop the individual and investigate?
When an officer was curious about a employee or became suspicious and stopped them due to their behavior, observers asked the officer to provide them with the reason(s) for this concern if the reason for these concerns are appropriate then they can proceed with the investigation
The behavior of the suspect is primarily the key factor in raising suspicion (s). The officer informed the observer that the suspect(s)' actions were the main cause of the officer's developing suspicion in 66 percent of the cases.
The most frequent behavioral causes of suspicion of a person or vehicle, according to an analysis of observer descriptions of behavior, were traffic infractions (such as speeding or driving with expired licence plates), attempts to elude officers (such as turning around and walking the other way or hiding one's face), and appearing uneasy in the officer's presence.
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You see a shirt you really like but it costs $50.00 and you cannot afford it right now. You see one on eBay that is exactly the same for $19.99 plus $1.50 in shipping. What percent are you saving off of the original in-store price if you buy the shirt on eBay? Please show your work. PLEASE HELP ASAP
Total cost of the shirt from
eBay is the price of the shirt plus the shipping:
19.99 + 1.50 = $21.49
Find the cost difference:
50 - 21.49 = $28.51
Divide the cost difference by original price:
28.51/50 = 0.5702
Multiply by 100 to get percent:
0.5702 x 100 = 57.02%
Answer: 57.02% ( you can probably round the answer to 57%)
Equities often make periodic payments, called ______, to their holders and are considered long
Equities make periodic dividend payments to holders, providing a regular income stream. Dividends are a portion of company profits distributed to shareholders, making equities attractive long-term investments.
Equities, such as stocks, offer potential returns in the form of dividends. Dividends are periodic payments made by companies to their shareholders, typically from their profits. Investing in equities and holding them long-term allows investors to benefit from these dividend payments, providing a regular income stream. Dividends can be received in cash, additional shares, or other forms of payment. They are attractive to investors seeking a steady source of income and can contribute to the overall returns of an equity investment.
However, it's important to note that not all equities pay dividends, as some companies may choose to reinvest their profits back into the business for growth instead.
Therefore, Equities make periodic dividend payments to holders, providing a regular income stream. Dividends are a portion of company profits distributed to shareholders, making equities attractive long-term investments.
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Rollins Company accumulates the following adjustment data at December 31 . (a) Service revenue eamed but unbilled totals $600. (b) Store supplies of $300 are on hand. Supplies account shows $1,900 balance. (c) Utility expenses of $275 are unpaid. (d) Service revenue of $490 collected in advance has been eamed. (e) Salaries of $800 are unpaid. (f) Prepaid insurance totaling $400 has expired. Instructions (a) Prepare journal entries for each of the events above. (b) Indicate the type of adjustment (prepaid expense, uneamed revenue, accrued revenue, or accrued expense). Problem 3. In its first year of Operations Buddy Company earned $28,000 in service revenue, $6,000 of which was on account and still outstanding at year-end. The remaining $22,000 was received in cash from customers. The company incurred operating expenses of $14,500. Of these expenses $13,000 were paid in cash; $1,500 was still owed on account at year-end. In addition, Buddy prepaid $3,600 for insurance coverage that would not be used until the second year of Operations. Instructions (a) Calculate the first year's net earnings under the cash basis of accounting, and calculate the first year's net earnings under the accrual basis of accounting. (b) Which basis of accounting (cash or accrual) provides more useful information for decision makers?
(a) The first year's net earnings under the cash basis of accounting is $9,000.
(b) The first year's net earnings under the accrual basis of accounting is $13,500.
Accrual basis of accounting provides more useful information for decision makers.
Journal entries for the events above are as follows:
(a) Debit: Service Revenue Accounts Receivable $600 Credit: $600
(b) Debit: Supplies Expense Supplies $300 Credit: $300
(c) Debit: Utility Expense Accounts Payable $275 Credit: $275
(d) Debit: Unearned Service Revenue Service Revenue $490 Credit: $490
(e) Debit: Salaries Expense Salaries Payable $800 Credit: $800
(f) Debit: Insurance Expense Prepaid Insurance $400 Credit: $400
The types of adjustments are as follows:
(a) Unearned revenue
(b) Prepaid expense
(c) Accrued expense
(d) Accrued revenue
(e) Accrued expense
(f) Prepaid expense
In its first year of operations, Buddy Company earned $28,000 in service revenue. $6,000 of the revenue was on account and still outstanding at year-end, while the remaining $22,000 was received in cash from customers. The company incurred operating expenses of $14,500, with $13,000 paid in cash and $1,500 still owed on account at year-end. Additionally, Buddy prepaid $3,600 for insurance coverage that would be used in the second year.
(a) The first year's net earnings under the cash basis of accounting is $9,000.
(b) The first year's net earnings under the accrual basis of accounting is $13,500.
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10-1 [10] Explain Grossman's demand for health with a model. 10-2 [10] Show a Grossman's model with a figure [10] 10-3 [10] You also answer how the health education affects marginal efficiency of capital and explain it with a figure [10].
10-1 Grossman's Demand for Health Grossman’s model of demand for health is one of the most established models in the field of health economics.
The model focuses on the demand for health and is based on the concept that individuals seek to achieve optimal health just as they do for other goods.10-2 Grossman's Model with a FigureAccording to the Grossman model, the demand for health is influenced by a number of factors including age, sex, income, education, and personal preferences. The figure below illustrates the Grossman model:Here, the x-axis represents the level of health investment while the y-axis represents the cost of health investment.
The curve that starts at 0 represents the health production function. The vertical axis indicates the level of health while the horizontal axis represents the health investment input.10-3 Health Education and Marginal Efficiency of Capital Grossman’s model proposes that education is a significant determinant of health, and that an individual's demand for health will increase with education. Health education has a direct effect on the marginal efficiency of capital in the Grossman model.
The model asserts that an increase in the level of education will lead to an increase in the marginal efficiency of capital, thereby reducing the cost of health investment. As a result, a higher level of education leads to an increase in demand for health. This relationship is illustrated in the figure below:As the level of education increases, the marginal efficiency of capital increases and the cost of health investment decreases. This results in an increase in health investment and a corresponding increase in health status.
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7. treasury bill prices (lo1, cfa2) what is the price of a u.s. treasury bill with 56 days to maturity quoted at a discount yield of 1.15 percent? assume a $1 million face value.
The price of the U.S. Treasury bill with 56 days to maturity quoted at a discount yield of 1.15% is $998,213.
To calculate the price of a U.S. Treasury bill with 56 days to maturity quoted at a discount yield of 1.15%, follow these steps:
1. Convert the discount yield to a decimal: 1.15% / 100 = 0.0115.
2. Calculate the fraction of the year remaining until maturity: 56 days / 360 days (using the actual/360 day count convention) = 0.1556.
3. Multiply the discount yield by the fraction of the year remaining: 0.0115 x 0.1556 = 0.001787.
4. Subtract this value from 1: 1 - 0.001787 = 0.998213
5. Multiply the face value of $1 million by the adjusted discount factor: $1,000,000 x 0.998213 = $998,213
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sandra love, a tennis pro, enters into a contract to sell her tennis racket. this sale is governed by:
The sale of Sandra Love's tennis racket is governed by the terms of the contract she entered into. The contract should specify the terms and conditions of the sale, such as the purchase price, any warranties or guarantees
The contract may also specify which state or jurisdiction's laws will govern the transaction. In addition, depending on the nature of the sale, there may be additional laws or regulations that apply, such as consumer protection laws or regulations specific to the sale of sporting goods.
It is important for both parties to carefully review and understand the terms of the contract before proceeding with the sale.
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An international business is a firm that
Part 2
A. hires non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.
Option D: An international business is a firm that engages in international trade or investment.
Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.
It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.
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6. Identify a change in technology during each of the time periods in history below that you believe improved the
way marketing activities were completed. List the example and explain how it contributed to marketing during
that time.
(a) 1900s to 1930s
(b) 1930s to 1950s
(c) 1950s to 1980s
(d) 1980s to today
Answer:
Answer:
Prior to the 1950s, the production orientation generally held true due to the growing numbers of affluent and middle class people that capitalism had created.
Say’s Law states that the “production of commodities creates, and is the one and universal cause which creates, a market for the commodities produced”.
The emphasis of firms adopting a production orientation of marketing would have been based on the theory of economies of scale, which are the cost advantages that an enterprise obtains due to expansion.
Part A
Jennifer makes nail polish at home. Every month, she buys chemicals and dyes, which costs $3 per bottle of nail polish. She also buys glass bottles,which cost $0.50 each. She spends $500 per month to rent a warehouse space to store the nail polish. She sells the bottles for $7 each. How manybottles of nail polish does she need to make a profit?
Answer:
143 bottles
Explanation:
For Jennifer to make profits, she must make sales past the break-even point.
Break-even point is calculated by the formula
Break-even point = fixed costs/contribution margin per unit
In this case
Fixed costs =$500
Contribution margin per unit = selling price- variable costs
=$7 -($3 + $0.50) = $7 -$3.50
=$3.50
Break-even point = $500/$3.50
=142.85
=143 bottles
Given is a Project with network diagram and activity times as shown below.
a) The Earliest Start (ES) time of Activity I = Blank 1 weeks b) The Latest Start (LS) time of Activity B= Blank 2 weeks c)
Given is a project with a diagram and activity times as shown below:Network diagram and activity timesThe network diagram shows a project network consisting of six activities. The table provides the activities’ activity times, predecessor activities, and successor activities.
The Earliest Start (ES) time of Activity I = 9 weeksThe earliest start time of an activity is the earliest time at which its predecessor activities are complete. activities are activities that must be completed before a particular activity can begin.In this case, activity H is a predecessor to activity I.
Therefore, activity I cannot begin until activity H is complete. Activity H has a duration of 7 weeks. Thus, the earliest start time of activity I is the duration of activity H plus the earliest start time of activity H. ES of activity I is calculated as follows:ES of activity I = ES of activity H + duration of activity H = 2 + 7 = 9 weeksThe Latest Start (LS) time of Activity B= 9 weeks.
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Which stage of new product development would you be most interested in participating in? Explain.
Answer:
prototyping
Explanation: Because with this stage you will be able to see rough draft of the product and you will be able to the strongest and weakest parts of your project. Prototyping makes it possible to concertize an idea and to understand which aspects of the idea prove difficult or impossible to implement. Making a prototype can thus highlight unanticipated physical, technical or financial constraints.
Suppose the labor force is 150 million of a possible 244 million working-age adults. the total number of unemployed is 14 million. What is the standard unemployment rate?
The standard unemployment rate would be approximately 9.33%.
the standard unemployment rate can be calculated by dividing the number of unemployed individuals by the labor force and multiplying by 100.
unemployment rate = (number of unemployed / labor force) * 100
in this case, the number of unemployed is 14 million, and the labor force is 150 million.
unemployment rate = (14 million / 150 million) * 100 ≈ 9.33% the standard unemployment rate is a commonly used measure to gauge the proportion of the labor force that is unemployed. it is calculated by dividing the number of unemployed individuals by the labor force and expressing it as a percentage. in this scenario, with a labor force of 150 million and 14 million unemployed individuals, we can calculate the unemployment rate. by dividing 14 million by 150 million and multiplying by 100, we find that the standard unemployment rate is approximately 9. this rate indicates the percentage of the labor force that is actively seeking employment but unable to find a job at the given time. it is an important indicator used to assess the health and performance of the job market and can provide insights into economic conditions and trends.
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What is the structure of Public corporation
Public corporate structures are managed by a board of directors. The members of the board are from all walks of industry and commerce. The chairmen of these corporations are appointed by the government. The entire capital is financed by the government.
A job search should be treated like a full time job. Please select the best answer from the choices provided
True or false
Compare and contrast online vs. traditional banking. In your response be sure to include: Two or more benefits of online banking. Two or more benefits of traditional banking. Two or more costs and/or charges of online banking. Two or more costs and/or charges of traditional banking. Please be sure to write your answer in complete sentences.
Online banking offers convenience and accessibility, while traditional banking provides personalized service and tangible financial advice.
Online banking allows customers to easily access their accounts and conduct transactions from anywhere, as well as offering features such as automatic bill pay and budgeting tools. Additionally, online banks often have lower fees and higher interest rates. Traditional banking offers the benefits of personalized service, such as in-person financial advice and assistance, as well as access to a wider range of financial products and services. Traditional banks also typically offer more security and protection for their customers' funds. However, online banking can come with costs such as transaction fees, ATM fees, and overdraft fees. Online banks also lack the human interaction and personal touch that traditional banks can offer. Traditional banking can come with costs such as monthly maintenance fees, ATM fees, and minimum balance requirements. Additionally, traditional banks may have limited hours of operation and may not be as accessible for customers who live in remote areas or have mobility limitations.
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A firm is considering two location alternatives. At location A, fixed costs would be $4,000,000 per year, and variable costs $0.45 per unit. At alternative B, fixed costs would be $5,000,000 per year, with variable costs of $0.40 per unit. if annual demand is expected to be 22.5 million units, which plant offers the lowest total cost?
Given that a firm is considering two location alternatives.
At location A, fixed costs would be $4,000,000 per year, and variable costs $0.45 per unit. At alternative B, fixed costs would be $5,000,000 per year, with variable costs of $0.40 per unit. if annual demand is expected to be 22.5 million units, which plant offers the lowest total cost?Explanation:To solve this problem, we need to compare the total costs for both plants. The total cost is the sum of fixed costs and variable costs:Total cost (A) = Fixed cost (A) + Variable cost (A)Total cost (B) = Fixed cost (B) + Variable cost (B)Where,Fixed cost (A) = $4,000,000Fixed cost (B) = $5,000,000Variable cost (A) = $0.45Variable cost (B) = $0.40Demand = 22.5 million unitsTotal cost (A) = Fixed cost (A) + Variable cost (A)Total cost (A) = $4,000,000 + ($0.45 × 22,500,000)Total cost (A) = $14,125,000Total cost (B) = Fixed cost (B) + Variable cost (B)Total cost (B) = $5,000,000 + ($0.40 × 22,500,000)Total cost (B) = $15,000,000Therefore, Plant A offers the lowest total cost at $14,125,000.
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The following table shows world-wide sales of Nokia cell phones and their average wholesale price in 2004
Quarter. Second. Fourth
Wholesale ($). 111. 105
Sales (million). 45. 4. 51. 4
Use the data to obtain a linear demand function for Nokia cell phones and use your demand equation to predict the sales if Nokia lowered the price further to $103
By estimating the slope and intercept of a linear equation using the data, we can create a linear demand function for Nokia cell phones:
How can it be calculated in detail?Let y represent sales and x represent the wholesale price (in millions). We can calculate the slope using the data from the second and fourth quarters:
slope = (51 - 45) / (105 - 111) = -1/3
The intercept may now be determined using one of the data points. Using the statistics from the fourth quarter:
y = mx + b
51 = (-1/3) * 105 + b
b = 51 + (1/3) * 105 = 88
So the linear demand function is:
y = -1/3x + 88
If Nokia reduced the price to $103, we can use the demand equation with the substitution x = 103 to forecast sales:
y = -1/3(103) + 88
y = 54.67
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Global expansion has led to the rise of virtual meetings instead of face-to-face meetings. Virtual meetings are real-time gatherings of dispersed participants who connect with communication technology such as telephones and Internet videoconferences.
Consider the following scenario, and identify what managers should or should not do to make the meeting more successful.
Lindsay is training two new sales representatives, Lance and Ayden, to use the revised client-tracking database, which has been updated and improved. Lindsay is sharing her desktop to walk them through the steps of inputting new client information. Lindsay is in Indianapolis, Lance is in Boston, and Ayden is in Phoenix.
In order to make the meeting more successful, Lindsay should: Check all that apply.
a.Be sure that Lance and Ayden know how to connect to Lindsay’s desktop.
b.Frequently ask Lance and Ayden if what she is saying makes sense.
c.Explain how questions should be asked and answered.
e.Expect to review meeting content due to the limitations of virtual technology.
Virtual meetings are most successful when premeeting issues are addressed, ground rules are followed, participants collaborate effectively, and the meeting is ended properly.
Which of the following are important practices to follow during the virtual meeting? Check all that apply.
a.Summarize along the way.
b.Confront conflict frankly.
c.Train people on the meeting technology.
e.Start on time and introduce the agenda.
Learning to manage virtual meetings will be as important to your career as learning to manage face-to-face meetings.
Consider the following scenario, and determine what advice you would give to Mariana.
Mariana is a regional manager for a company that sells consumer paper products. She manages 12 sales representatives in her region. The sales reps all meet face-to-face at the beginning of each quarter, and they meet virtually each Monday. Last month, the company upgraded their Web conferencing system to include videoconferencing through smartphones. Mariana would like to use the smartphone conferencing application for her weekly meetings because her sales reps are often traveling and don’t always have an Internet connection for videoconferencing.
What should Mariana do before she switches to using the smartphone videoconferencing tool to hold weekly sales meetings?
a.Be sure all of her sales reps know how to use the technology.
b.Call the support hotline for the Web conferencing system to ensure that there is enough bandwidth to place a call.
c.Ask her sales reps for permission to make the switch.
Options a, b, c, and e are all important practices to follow during the virtual meeting.
For the first question, to make the virtual meeting more successful, Lindsay should do the following :Be sure that Lance and Ayden know how to connect to Lindsay’s desktop. Frequently ask Lance and Ayden if what she is saying makes sense .Explain how questions should be asked and answered .Expect to review meeting content due to the limitations of virtual technology .Virtual meetings are most successful when premeeting issues are addressed, ground rules are followed, participants collaborate effectively, and the meeting is ended properly.
For the second question, before switching to the smartphone videoconferencing tool to hold weekly sales meetings, Mariana should do the following :Be sure all of her sales reps know how to use the technology .Ask her sales reps for permission to make the switch .In summary, Mariana should make sure that all her sales reps know how to use the technology and ask for their permission before switching to the smartphone videoconferencing tool to hold weekly sales meetings.
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On May 12, 2022, Hudson Merchandise sold merchandise on account to Guzman Housewares for $6,897, terms 3/10, n/30. If Guzman returns merchandise with a sale price of $318 on May 15, 2022, what amount will Hudson record in their Cash account if Guzman pays in full on May 20, 2022
The amount that Hudson will record in their Cash account if Guzman pays in full on May 20, 2022 is $6381.63.
Using this formula
Cash account =[(Merchandise on account - Merchandise sale price)× (1-Discount rate)]
Where:
Merchandise on account=$6,897
Merchandise sale price=$318
Discount rate=3%
Let plug in the formula
Cash account=[($6,897 - $318)×(1-0.03)]
Cash account=$6,579× 0.97
Cash account= $6.381.63
Inconclusion the amount that Hudson will record in their Cash account if Guzman pays in full on May 20, 2022 is $6381.63.
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Module 5 Excel Workbook Assignment MBA 6315 Problem B (26 points): Block Ltd makes BLOCKS. Their pre-tax income and their margin of safety have both been low compared to the levels the company would l
Block Ltd.’s Income Statement:To find out the break-even units, we need to calculate the contribution margin per unit. This can be done by dividing the total contribution margin by the total number of units.
Block Ltd is a company that produces Blocks. According to their financial statements, their pre-tax income and their margin of safety are both low compared to the levels the company would like. Therefore, Block Ltd has asked for help to determine the breakeven point and margin of safety. In order to solve these problems, we need to know certain values for the company, which we can obtain from the financial statements given in the workbook.The first step is to find out the break-even units. This can be calculated by dividing the total fixed costs by the contribution margin per unit. We first calculate the contribution margin per unit by dividing the total contribution margin by the total number of units. After finding out the break-even units, we can move on to calculate the margin of safety. Margin of safety is the amount of actual sales minus the break-even sales. In other words, it is the amount of sales that a company can afford to lose before it starts making a loss. To calculate the percentage of margin of safety, we need to divide the margin of safety by the actual sales and then multiply by 100%.
Block Ltd, which manufactures Blocks, has asked for help in determining its break-even point and margin of safety. We have found out that the break-even point for Block Ltd is 40,000 units. In addition, we have also calculated the Margin of Safety for Block Ltd which is $1,800,000. The Percentage of Margin of Safety is 60%. Therefore, Block Ltd needs to take necessary steps to increase their sales in order to increase their pre-tax income and margin of safety.
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A company produces 10 items, charges $45 per item. When it produces 20 items, it charges $40 per item. Cost to produce 10 items is $450, cost to produce 20 items is $650. What is the price, cost, revenue, profit functions. What is the break-even points, max profit and items to produce to get max profit.
Answer:
a. The price, cost, revenue, profit function = Revenue - Cost = (price * quantity - cost)
b. Break-even point = Total Revenue = Total Cost
= $450 = $450
break-even point in units = 10 items
c. Maximum profit = $150
Items to produce to get max profit = 20 items
Explanation:
a) Data and Calculations:
Sales Revenue for 10 items = $450 ($45 * 10)
Cost of sales for 10 items = $450
Sales Revenue for 20 items = $800 ($40 * 20)
Cost of sales for 20 items = $650
The price, cost, revenue, profit function = Revenue - Cost = (price * quantity - cost)
For 10 items, function yields = {($45 * 10) - $450} = 0
For 20 items, function yields = {($40 * 20) - $650} = $150