How are safety and cost affected by the use of informatics at the point of care? Give two to three specific examples.
Answers
Answer:
1) slow drive the the ..
2) Help always poor..
3) Respect your teacher's and parents
The safety and cost affected by the use of informatics at the point of care by earlier access in retrieving the data of the patients.
How are safety and cost affected?1) Always drive slow.
2) Always Help always poor when they are in need.
3) Respect your teacher's and parents always.
Therefore collecting Pertinent information in the decision making denotes that safety and cost are affected by use of informatics.
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Related Questions
Which of the statements is an example of offshore outsourcing? An America bank hires an Indonesian company to provide customer service. An American telecommunications company has a call center in Mexico. O A Japanese automobile company buys tires for the models it makes and sells in the United States and elsewhere from a Japanese tire manufacturer A big-box store headquartered in Arkansas has stores in Florida and Alabama.
Answers
Identifying Examples of Offshore Outsourcing. This response aims to identify the statement that exemplifies offshore outsourcing among the provided options.
Introduction:
Offshore outsourcing refers to the practice of contracting or delegating specific business functions or processes to external companies located in foreign countries.
Explanation:
Among the given options, the example of offshore outsourcing is: "An American bank hires an Indonesian company to provide customer service." This scenario represents offshore outsourcing because it involves an American bank outsourcing its customer service operations to a company located in Indonesia.
Explanation in detail:
An American bank hires an Indonesian company to provide customer service:
In this example, the American bank chooses to outsource its customer service function to an Indonesian company. By doing so, the bank contracts with an external company in a foreign country to handle its customer service operations. This decision allows the bank to leverage the expertise and cost advantages offered by the Indonesian company.
An American telecommunications company has a call center in Mexico:
This example does not represent offshore outsourcing. Although the American telecommunications company has established a call center in Mexico, it is an example of nearshore outsourcing rather than offshore outsourcing. Nearshore outsourcing involves contracting with companies in neighboring or nearby countries, which often share geographical proximity and cultural similarities with the home country.
A Japanese automobile company buys tires from a Japanese tire manufacturer for the models it makes and sells in the United States and elsewhere:
This example does not depict offshore outsourcing. It describes a domestic transaction within Japan, where a Japanese automobile company purchases tires from a Japanese tire manufacturer. The transaction occurs within the same country, so it does not involve outsourcing to a foreign company.
A big-box store headquartered in Arkansas has stores in Florida and Alabama:
This example does not relate to offshore outsourcing. It represents a company's expansion or establishment of stores in different states within the same country. It does not involve contracting or delegating business functions to external companies in foreign countries.
Conclusion:
Among the given options, the statement that represents an example of offshore outsourcing is: "An American bank hires an Indonesian company to provide customer service." This scenario involves the outsourcing of customer service operations to a company located in a foreign country, specifically Indonesia. Offshore outsourcing allows organizations to tap into international expertise and cost advantages while delegating specific business functions to external service providers.
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The accounting scandals of the early 2000s led many people to question the legitimacy of.
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when making a decision only ______ costs and benefits should to be included in the analysis.
Answers
What is the key to successful investing?
Answers
- Make sure you know what your investing in (DYOR)
- Invest only money your willing to lose
- Learn from others and learn strategies
in this form of judaism, the vernacular displaced hebrew in worship and the kosher food laws were relaxed
Answers
In the form of Judaism known as Reform Judaism, the vernacular language displaced Hebrew in worship, and the kosher food laws were relaxed.
Reform Judaism emerged in the 19th century as a response to the Enlightenment and aimed to modernize the Jewish faith. This movement adopted local languages for prayers and sermons to make worship more accessible to the congregation.
In addition, Reform Judaism took a more flexible approach to traditional Jewish law, including relaxing the strict dietary rules associated with keeping kosher. This change allowed Reform Jews to integrate more easily into their surrounding society and adopt modern lifestyles.
Overall, Reform Judaism represents a progressive adaptation of Jewish traditions, focusing on individual choice and cultural integration while still maintaining a connection to the religion's core beliefs.
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the primary goal of financial accounting is to provide information to?
Answers
The main purpose of financial accounting is to prepare financial reports that provide information about the company's performance to external parties such as investors, creditors and tax authorities.
Financial accounting is the process of recording, measuring, recording and ultimately reporting an organization's income, accounts receivable, and expenses in financial statements. This process is intended to accurately reflect business operations. We help businesses comply with legal, tax and regulatory requirements. Providing financial accounts to business owners. Enables detailed financial analysis. Promote efficient resource allocation. The main purpose of financial accounting is to enable third parties to assess the value of a company.
In financial accounting, companies have two basic methods for constructing their company's accounting policies. Publicly traded companies are required to use accrual accounting, which is standardized under Generally Accepted Accounting Principles (GAAP).
Under the accrual basis, revenue is recognized when incurred rather than when received, and expenses are recognized when incurred rather than when paid. Many private companies also use his GAAP, but they are not required to. Private companies also have the opportunity to use cash accounting.
In practice, the main goal of financial accounting is to accurately prepare the financial accounts of an organization for a specific period of time, also called annual financial statements. There are three financial statements: income statement, balance sheet and cash flow statement.
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The complete question is:
What is the primary goal of financial accounting?
The Cash account in the ledger of Hensley, Inc. showed a balance of $3,100 at June 30. The bank statement, however, showed a balance of $3,900 at the same date. The only reconciling items consisted of a $700 deposit in transit, a bank service charge of $7, and a large number of outstanding checks.1. Refer to the above data. Upon completion of the bank reconciliation, a journal entry will be required to update the depositor's accounting records. This entry will inchude:______.a) a credit to Cash for $700. b) a debit to Cash for $700. c) a debit to Cash for $7. d) a debit to Bank Service Charge Expense for $7. 2. Refer to the above data. What is the total amount of the oustanding chocks a Tone 30?A) $1,513. B) $1,486.C) $1,507.D) Some other amount.
Answers
Answer:
1. d) a debit to Bank Service Charge Expense
2.d) Some other amount.
Explanation:
1. No journal entries are prepared to record deposits in transit and outstanding checks because these items have already been recorded in the books. Therefore, only one journal entry will be required to record the bank service charge of $7. The bank service charge is an expense and will be recorded by debiting bank service charge expense account and crediting cash by $7.
2. Total amount of outstanding checks = Balance per bank statement + Deposit in transit - Balance per books - Bank service charge
Total amount of outstanding checks = $3,900 + $700 - $3,100 - $7
Total amount of outstanding checks = $1,493
What is the best way to respond to a customer complaint? A. Listen to the customer, B. Overcompensate C. Ignore the customer. D. Respond aggressively.
Answers
Answer:
a
Explanation:
u should never let the customer know that they are wrong
The best way to respond to a customer complaint is listen to the customer. It comes under the consumer protection management. The correct option is (A).
What do you mean by Customer Complain?Customer complaints relate to when a firm does not deliver on its commitment and does not satisfy customer expectations in terms of the product or services. Every business's customers are its most important component.
Customer complaints provide your team the chance to engage in open dialogue with your clients.
These exchanges might make your clients feel like they are essential to your success.
Customer complaints give you important information about how well-trained your front-line staff is and how to make improvements.
Therefore, the best way to respond to a customer complaint is listen to the customer. It comes under the consumer protection management.
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In the U.S. free enterprise system, property rights give businesses the right to:
O A. ignore federal regulations while on private property.
B. sell property in foreign markets without paying taxes.
C. sell their property at any price they want.
D. use their employees' property at any time.
Answers
In the U.S. free enterprise system, property rights give businesses the right to sell their property at any price they want.
U.S. free enterprise system
The U.S. economy is a free enterprise system. That means that individuals own most of our country’s resources, and not the government.This means that supply and demand determine how our resources are used. This enables businessmen to sell their property according to them and not according to the government.
Free Enterprise systemIt is an economic system where a government places very few restrictions on the types of business activities or ownership in which citizens participate. Free enterprise countries usually have strong competition among businesses and allow citizens to purchase land and buildings, set their own prices, and choose who they want to do business with.
Thus, in the U.S. free enterprise system, property rights give businesses the right to sell their property at any price they want.
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Answer: D. Sell their property at any price they want.
Explanation:
Because I got it right.
Tim is the accountant of a trading firm. Two years ago, the company bought a commercial van that had a value of $10,000. The van’s current market price is $8,500. However, Tim continues to value it at the original cost. Which principle guides his action?
Answers
Answer:
B. historical cost
Explanation:
According to the historical cost principle, the assets should be valued at purchased cost whether the market value is more or less
Since in the question, it is mentioned that the Tim continues the commercial van value at the purchased cost only even the market price is available
So this represents the historical cost principle
Hence, the correct option is b,
Match the following Teamwork Skills to their descriptions
1.
Cooperative
2.
Participates
3.
Flexible
4.
Committed
5.
Shares Openly
a.
You are willing to share ideas and knowledge
b.
You are involved in activities
c.
Works well with others
d.
You adapt to others' ideas
e.
You are responsible and dedicated
Answers
Answer:
See below
Explanation:
1. Cooperative
Works well with others: A cooperative person fits into teams easily. They willingly undertake tasks and requires no ''pushing'' to fulfill their obligations.
2. Participates
You are involved in activities. It is getting involved in events, functions, or processes as opposed to spectating.
3. Flexible
You adapt to others' ideas. A flexible person accepts and implements other people's ideas. They are not rigid and can work in different environments.
4. Committed
You are responsible and dedicated. A committed individual shows enthusiasm and willingness to achieve the set goals
5. Shares Openly
You are willing to share ideas and knowledge. One is not shy or mean in expressing their ideas and feeling with team members or third parties.
The epicurean society is holding its annual election for president. the three candidates are a, b, and
c. twentytwenty percent of the voters like upper bb the most and upper aa the least. forty forty percent of the voters like upper aa the most and upper cc the least. of the remaining 234234 prefer upper cc to upper bb and upper bb to upper aa, and 702702 prefer upper cc to upper aa and upper aa to upper bb. write out the preference schedule for this election.
Answers
Answer:
b
Explanation:
What is the answer ??? 10 points
Answers
Answer:
Initial payments includes a higher amount of money being paid upfront so the amount borrowed is less.
Explanation:
A down-payment is the initial cash payments that a borrower makes when they want to borrow money to finance the purchase of an expensive good or service. The down-payment is expressed as a percentage of the total amount to be borrowed. Because the nonpayment is paid in cash, it reduces the loan amount. A down-payment reduces the lender's risk enabling them to offer loans at lower interest rates
the following information relates to the manufacturing operations of trevino golf company during the month of march. the company uses job order costing. purchases of direct materials during the month amount to $53,000. (all purchases were made on account.) materials requisitions issued by the production department during the month total $54,000. time cards of direct workers show 2,000 hours worked on various jobs during the month, for a total direct labor cost of $32,000. direct workers were paid $28,000 in march. actual overhead costs for the month amount to $32,000 (for simplicity, you may credit accounts payable). overhead is applied to jobs at a rate of $18 per direct labor hour. jobs with total accumulated costs of $100,000 were completed during the month. during march, units costing $120,000 were sold for $210,000. (all sales were made on account.) any balance remaining in the manufacturing overhead control account at the end of the month is closed directly to cost of goods sold.
Answers
Based on the information provided, here are some calculations and conclusions:
Total direct materials used in production during the month:
$54,000 (materials requisitioned) - $1,000 (ending materials inventory) = $53,000
Total manufacturing costs incurred during the month:
Direct materials used + Direct labor + Manufacturing overhead
= $53,000 + $32,000 + $32,000
= $117,000
Cost of goods manufactured during the month:
Total manufacturing costs incurred - Beginning work in process inventory + Ending work in process inventory
= $117,000 - $0 + $17,000
= $134,000
Cost of goods sold during the month:
Cost of goods manufactured - Ending finished goods inventory
= $134,000 - $14,000
= $120,000
Gross profit on sales during the month:
Sales revenue - Cost of goods sold
= $210,000 - $120,000
= $90,000
Calculation of predetermined overhead rate:
Predetermined overhead rate = Estimated overhead costs / Estimated direct labor hours
Since no estimated amounts were provided, we can only calculate the actual overhead rate:
Actual overhead rate = Actual overhead costs / Actual direct labor hours
= $32,000 / 2,000
= $16 per direct labor hour
Calculation of overhead applied to jobs:
Overhead applied to jobs = Actual direct labor hours x Predetermined overhead rate
= 2,000 x $18
= $36,000
Calculation of under- or overapplied overhead:
Under- or overapplied overhead = Actual overhead costs - Overhead applied to jobs
= $32,000 - $36,000
= -$4,000 (overapplied)
Closing entry for overapplied overhead:
Debit Manufacturing overhead control account: $4,000
Credit Cost of goods sold: $4,000
Note that we assume that there was no beginning balance in the manufacturing overhead control account, and that all sales were made from ending finished goods inventory.
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the leadership style advocating that a leader makes all decisions and tells subordinates what to do and how to do it is called
Answers
The leadership style advocating that a leader makes all decisions and tells subordinates what to do and how to do it is called authoritarian leadership.
In this style, the leader makes decisions without input from the team and clearly communicates them to the team. The leader is expected to have complete control over their team and the processes that take place. This leadership style is beneficial in times of crisis, where quick decisions must be made without consulting the team. It is also beneficial in environments where knowledge is limited and the leader has the expertise to make the right decision. On the other hand, authoritarian leadership can have a negative impact on team morale, creativity, and innovation as team members are not allowed to voice their opinions and may feel that their contributions are not valued. Ultimately, the use of authoritarian leadership should be used in moderation and it should be balanced with other leadership styles.
Leadership style refers to the manner in which a leader provides guidance, direction, and motivation to their followers. There are several different leadership styles, including:
1. Autocratic: Leaders who make all decisions without input from their followers.
2. Democratic: Leaders who involve their followers in decision-making and value their input.
3. Transformational: Leaders who inspire and motivate their followers to achieve a common goal.
4. Servant: Leaders who prioritize the needs and development of their followers over their own interests.
5. Laissez-faire: Leaders who provide little guidance or direction to their followers, allowing them to make their own decisions.
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samples to test internal controls are intended to provide a basis for an auditor to conclude whether:
Answers
Samples to test internal controls are intended to provide a basis for an auditor to conclude whether the controls are operating effectively. Option 1 is correct.
The purpose of testing internal controls is to determine whether they are functioning effectively to prevent, detect, and correct material misstatements in the financial statements. Sampling techniques are used to select a subset of transactions or activities that have been subject to the control procedures. The auditor then examines the selected items to assess the effectiveness of the controls in achieving their objectives.
If the samples reveal that the controls are operating effectively, the auditor can conclude that the risk of material misstatement is low. On the other hand, if the samples indicate that the controls are not operating effectively, the auditor must determine the nature and extent of any deficiencies and consider their potential impact on the financial statements. Therefore, the samples to test internal controls are intended to provide a basis for the auditor to evaluate the effectiveness of the controls in preventing material misstatements in the financial statements. Therefore Option 1 is correct.
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The complete question is:
Samples to test internal controls are intended to provide a basis for an auditor to conclude whether
The controls are operating effectively.The financial statements are materially misstated.The risk of incorrect acceptance is too high.Materiality for planning purposes is at a sufficiently low level.Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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when the arbitrator has rendered a final decision, it is called the:
Answers
When the arbitrator has rendered a final decision, it is called the "award." The award is the final decision made by the arbitrator to resolve the dispute and may include an explanation of their reasoning.
When the arbitrator has rendered a final decision, it is called the "award". An arbitrator is a neutral third party who is appointed to resolve a dispute between two parties. Once the arbitrator has considered all the evidence and arguments presented by both parties, they will make a decision based on the facts and applicable law. This decision is final and binding, meaning that both parties must abide by it. The decision is called an "award" because it is a formal recognition of the arbitrator's determination in the matter.
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Any two feature of business
Answers
Answer:
buying and selling ,profit motive
Faylene underwent heart surgery that included, among other measures, the implantation of a pacemaker in her chest. Faylene later alleged that the surgeon's negligence resulted in a serious infection. Faylene's insurance company stated that the Uniform Commercial Code (UCC) governed the dispute because at issue was a contract for a pacemaker, which is a good. The hospital responded that the claim was based on a contract for a surgery, which is a service, and was therefore covered by the common law. What result is most likely?
Answers
Answer: The court will apply the predominant purpose test and will probably hold that this was a contract for a service.
Explanation:
Any agreement written in a contract which binds two parties are usually followed strictly. Whatever is written in the contract cannot be changed or influenced in the court room because it would have been believed that both parties went through the contract terms before signing it. Even though one party wants to challenge it in court it would hold no water for a challenge.
The case between Faylene and the hospital was signed in a contract for a peacemaker surgery, the effects of it and being taken to court would yield no effect since it's what Faylene wanted and entered agreement into.
All of the following statements about the annual rate of return method are correct except that it
a) compares the annual rate of return to management’s minimum rate of return.
b) indicates the profitability of a capital expenditure.
c) does not consider the time value of money
d) ignores the salvage value of an investment.
Answers
Annual rate of return method does not consider the time value of money." The annual rate of return method is used to evaluate the profitability of a capital expenditure by comparing the annual net income to the initial investment. Correct answer is option C
It is calculated as the average annual net income divided by the initial investment. The method is useful in determining whether an investment meets management's minimum rate of return and in comparing alternative investments.
However, it does not consider the time value of money, which is an important factor in capital budgeting decisions. The time value of money refers to the concept that a dollar received in the future is worth less than a dollar received today due to inflation and the potential to earn interest on the money.
Therefore, it is important to adjust future cash flows to their present value using a discount rate, such as the cost of capital, before comparing them to the initial investment. Additionally, the annual rate of return method does not consider the salvage value of an investment, which can provide an additional cash inflow at the end of the investment's useful life. Correct answer is option C
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Visit either a local manufacturer or service provider (or
research one online). Determine how it uses aggregate planning.
Find out specifically what two items must be calculated first when
developing
Answers
Aggregate planning plays a crucial role in the operations of a local manufacturer or service provider. Two key items that must be calculated first in the development of aggregate planning are demand forecast and production capacity.
Aggregate planning involves determining the optimal production levels and resources required to meet customer demand while minimizing costs and maximizing efficiency. When developing aggregate planning, two essential items that need to be calculated are demand forecast and production capacity.
Firstly, demand forecast refers to estimating the expected demand for the products or services over a specific period. This calculation involves analyzing historical sales data, market trends, customer preferences, and other relevant factors. Accurate demand forecasting enables the manufacturer or service provider to anticipate future demand fluctuations and plan production levels accordingly. It helps in avoiding underproduction or overproduction scenarios, optimizing inventory levels, and ensuring customer satisfaction.
Secondly, production capacity is another critical factor to consider in aggregate planning. It involves assessing the organization's ability to meet the forecasted demand within a given timeframe. Production capacity calculations take into account factors such as available resources (such as labor, machinery, and facilities), production efficiency, and any limitations or constraints. Determining the production capacity helps the organization allocate resources effectively, plan workforce requirements, and schedule production activities to meet the forecasted demand while maintaining operational efficiency.
By accurately calculating demand forecast and production capacity, manufacturers and service providers can develop effective aggregate planning strategies to optimize their operations, meet customer demand, and achieve their business goals.
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which sector require joint or collaborative works in our communities
Answers
Answer:
Collaborative working can last for a fixed length of time or can form a permanent arrangement. What these options have in common is that they involve some sort of exchange, for mutual advantage, that ultimately benefits end users.
Types of collaborative working
Separate organisations maintain their independence, but work jointly on some activities or functions
Organisations with resources or expertise offer assistance to other organisations, eg a large national organisation working with a small local group
A new organisation to do joint work on some activities or functions
A group structure where a 'parent' organisation governs a group of 'subsidiary' organisations
Merger to form a new organisation working as one body on all activities
Explanation:
E D A company reports the following: Average Daily Sales Average accounts receivable (net) What is the number of days' sales in receivables? Round to one decimal place. 60 days O 45 days O 30 days 22 days 20 C $ R FL ** 24 % 5 V 201 T $1,365 G ^ 30,030 6 MacBook Pro B B Y H & 7 40 17 U N .00 8 J Di M 9 K
Answers
Given information: Average Daily Sales, Average accounts receivable (net).We are asked to find the number of days' sales in receivables.
So,Number of days' sales in receivables is calculated as:Days' sales in receivables = Accounts receivable / Average daily salesAccounts receivable is equal to the average accounts receivable (net).Thus,Days' sales in receivables = Average accounts receivable (net) / Average daily sales putting the given values in the above formula:Days' sales in receivables = $30,030 / $1,365 ≈ 22 daysHence, the main answer is "22 days".
The company's number of days' sales in receivables is 22 days which means that it takes approximately 22 days for the company to collect its account receivables.
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names of petroleum/oil industries in Pakistan their
budget and their locations. also the same information of some
global industries
Answers
Petroleum/Oil Industries in Pakistan: Pakistan State Oil (PSO) - Budget and locations: As a state-owned company, PSO operates throughout Pakistan and its budget varies annually.
Pakistan Oilfields Limited (POL) - Budget and locations: POL operates in various locations in Pakistan, including Khaur, Kotri, and Adhi. Its budget varies annually. Attock Petroleum Limited (APL) - Budget and locations: APL operates in multiple locations across Pakistan, including Karachi, Lahore, and Rawalpindi. Its budget varies annually. Pakistan Petroleum Limited (PPL) - Budget and locations: PPL operates in different regions of Pakistan, such as Sindh and Balochistan. Its budget varies annually.
Global Petroleum/Oil Industries: Saudi Aramco - Budget and locations: Saudi Aramco is headquartered in Dhahran, Saudi Arabia, and its budget varies annually. ExxonMobil - Budget and locations: ExxonMobil is a multinational company with operations worldwide, including locations in the United States, Europe, Africa, and Asia. Its budget varies annually.
BP (British Petroleum) - Budget and locations: BP operates in various countries, including the United Kingdom, the United States, and several locations in Europe, Asia, and Africa. Its budget varies annually.
Chevron Corporation - Budget and locations: Chevron has operations in multiple countries, including the United States, Australia, Angola, Kazakhstan, and more. Its budget varies annually.
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Draw a correctly labeled graph of a housing market in equilibrium. On your graph, illustrate an effective legal limit (ceiling) on rent. Identify the quantity of housing demanded, the quantity of housing supplied, and the size of the resulting surplus or shortage.
Answers
Answer:
In the first picture I uploaded, I show the housing market equilibrium without any effective legal ceilings on rent. In this equilibrium, the quantity demanded and the quantity supply reach an equilibrum of 70, at a price of $1,100 per rent.
In the second picture I uploaded, we can see the price ceiling in red. The price ceiling does not allow the rent to reach equilibrium, which causes a demand of eighty houses, but a supply of sixty houses, leading to a housing shortage of 20 houses.
What is NOT an advantage of being an entrepreneur?
Answers
Answer: Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business
Answer:
The advantages of entrepreneurship include the ability to shape one's own business, control of one's own working habits, and significant stock in the venture. Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business.
Explanation:
In preparing a company's statement of cash flows using the indirect method, the following information is available:Net income $ 52,000Accounts payable decreased by 18,000Accounts receivable increased by 25,000Inventories increased by 5,000Depreciation expense 30,000Net cash provided by operating activities was:
Answers
Answer:
Statement of cash flows using the indirect method
Net income $52,000
Adjustments to net income:
Depreciation expense $30,000Increase in accounts receivable ($25,000)Increase in inventories ($5,000)Decrease in accounts payable ($18,000) ($18,000)net cash flow provided by operating activities $34,000
You are an economist for a u. S. Manufacturer, who is considering expanding sales into europe. Your market research has identified the market potential in france, italy, and spain as described next: success level france italy spain probability units probability units probability units big 0. 3 1,000,000 0. 4 900,000 0. 4 700,000 mediocre 0. 3 600,000 0. 4 700,000 0. 3 300,000 failure 0. 4 0 0. 2 0 0. 3 0 the product sells for $12 and has unit costs of $10. If you can enter only one market, and the cost of entering the market (regardless of which market you select) is $300,000, should you enter one of these markets? if so, which one? if you enter, what is your expected profit?.
Answers
As an economist for a US Manufacturer, using the market potential research data, I will propose to the company to expand the market into Italy market since it has expected profit around $980,000.
Market Potential represents the size of the market for a specific product at the specific time. Market potential of a product is measured by its sales volume.
From the case, we got some informations regarding the market potential for our products in 3 countries with 3 scenarios, such:
Success Level
Big Mediocre Failure
France Probability 0.3 0.3 0.4
Unit 1,000,000 600,000 0
Probability Unit sold 300,000 180,000 0
Italy Probability 0.4 0.4 0.2
Unit 900,000 700,000 0
Probability Unit sold 360,000 280,000 0
Spain Probability 0.4 0.3 0.3
Unit 700,000 300,000 0
Probability Unit sold 280,000 90,000 0
The probability unit sold represents the potential units of products in each scenarios by multiplying the scenario's probability and unit data.
Price = $12 per unit
Production cost = $10 per unit
Entry cost = $300,000 (equal for all markets)
We could find the revenue and production cost of each country by using revenue and production cost formula:
Revenue = Price x Unit sold
Production Cost = Unit cost x Unit sold
Based on the data we got, we could find the total probability units sold for each country:
Total Prob. Unit Sold Revenue Prod. Cost Entry Cost Profits
France 480,000 5,760,000 4,800,000 300,000 660,000
Italy 640,000 7,680,000 6,400,000 300,000 980,000
Spain 370,000 4,440,000 370,000 300,000 440,000
From the calculation above, we know that Italy is the most promising market to be the next market of our product expansion plan.
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Early on in an amortized loan the interest portion of each payment is typically ______ than the principle portion. Towards the end of the loan term the interest portion of each payment is typically ______ than the principle portion. This is because the principle remaining _______ over the life of the loan. A) less / greater / increases B) greater / less / increases C) greater / less / decreases D) less / greater / decreases
Answers
Answer:
C
Explanation:
An amortized loan is a form of loan which the principle together with the accrued interest component is gradually written off over an agreed period of time at a specified rate.An equal amount is regularly paid over the extended period.
The interest component of an amortized loan is firstly settled before considering the principle amount , which makes the interest component to be higher that the principle at the initial stages. This process leads to a reduction in the volume of the principle balance with time . Moreover , as the principle reduces with time , the interest expenses also reduces , and it eventually gets to a point where the principle component of repayment becomes greater.