how does a businessman know the economic condition of his\her business ?
Answers
Answer:
Business is extremely important to a country's economy because businesses provide both goods and services and jobs. ... Businesses are also the means by which many people get their jobs. Businesses create job opportunities because they need people to produce and sell their goods and services to consumers.
Explanation:
Economic forces are factors such as monetary and fiscal policies, interest rate, employment, inflation rate, demographic changes, political changes, energy, security, and natural disasters. All of these have a direct effect on how businesses produce and distribute their products or services.
Related Questions
Use the following information to answer questions 10 and 11 below. Market for flat-screen TVs: Demand: Qd= 2,600 – 5P Supply: Qs= –1,000 + 10P 10. If a price ceiling is set at $200, this will create a a. shortage of 600 b. shortage of 1,400 c. surplus of 800 d. surplus of 1,600 11. What would be the quantity traded if a price floor is set at $100? a. 240 b. 1,400 c. 2,100 d. 700
Answers
If a price ceiling is set at $200, this will create a shortage of 600 flat-screen T.Vs. Thus, option A is the correct option.
We must make a supply and demand equation in order to determine the equilibrium price and quantity:
2,600 – 5P = –1,000 + 10P
3,600 = 15P P = $240
Therefore, $240 is the equilibrium price. We can re-insert this price into the supply or demand equation to determine the equilibrium quantity:
Qd = 2,600 – 5($240) = 1,000 Qs = –1,000 + 10($240) = 1,000
1,000 flat-screen TVs are the equilibrium number.
If the price cap is $200, it is less than the equilibrium price. While consumers will want to purchase more flat-screen TVs than the suppliers are prepared to offer, suppliers won't be able to or won't want to make as many of them at this reduced price. Flat-screen TVs are in short supply as a result.
We may deduct the quantity sought at the price ceiling ($200) from the quantity provided at that price to get the size of the shortage:
Qs = –1,000 + 10($200) = $1,000
Qd = 2,600 – 5($200) = $1,600
Shortage = Qd – Qs = $1,600 – $1,000 = $600
So the shortage is 600 flat-screen TVs.
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Match each component of a mortgage with its definition.
the amount a borrower needs to have
on hand to obtain a mortgage
taxes
the amount initially borrowed from a
lender
fees
the additional costs a lender charges
for processing a loan
principal
payments homeowners are required
to make each year to the government
down payment
Answers
Answer:
Fees-the additional costs a lender charged for processing a loan
Principal-The amount initially borrowed from a lender
Taxes-payments homeowners are required to make each year to the government
Down payment- the amount a borrower needs to have on hand to obtain a mortgage
Explanation:
Wildhorse Corporation sells three different models of a mosquito "zapper." Model A 12 sells for $61 and has unit variable costs of
$42.70. Model B22 sells for $122 and has unit variable costs of $85.40. Model C124 sells for $488 and has unit variable costs of $366.
The sales mix (as a percentage of total units) of the three models is A 12. 60%; B22, 15%; and C124. 25%. If the company has fixed costs of $267,729, how many units of each model must the company sell in order to break even?
Answers
To reach the break-even point, Wildhorse Corporation needs to sell approximately 5,699 units in total, considering all three models.
To break even, Wildhorse Corporation needs to cover its fixed costs with the contribution margin from its product sales.
Let's calculate the contribution margin for each model:
Model A12: Contribution margin per unit = Selling price - Unit variable cost = $61 - $42.70 = $18.30Model B22: Contribution margin per unit = Selling price - Unit variable cost = $122 - $85.40 = $36.60Model C124: Contribution margin per unit = Selling price - Unit variable cost = $488 - $366 = $122Next, we need to calculate the weighted average contribution margin based on the sales mix:
Weighted average contribution margin = (A12 % × Contribution margin A12) + (B22 % × Contribution margin B22) + (C124 % × Contribution margin C124)
Using the given sales mix percentages, the weighted average contribution margin is:
(0.60 × $18.30) + (0.15 × $36.60) + (0.25 × $122) = $10.98 + $5.49 + $30.50 = $46.97
To calculate the break-even point, we divide the fixed costs by the weighted average contribution margin:
Break-even point (in units) = Fixed costs / Weighted average contribution margin = $267,729 / $46.97 ≈ 5,699 units
Therefore, Wildhorse Corporation must sell approximately 5,699 units in total (across all three models) to break even.
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Question # 1 Long Text (essay) Submit two news story summaries, noting the following: agency name(s), parties affected by the decision, status on period for comment, status on decision-making, and what decisions you would make in similar situations.
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The answer is The public may not make technical decisions, but their opinions deserve consideration by those who are making those decisions.
What does making decisions mean?The process of choosing a course of action involves recognizing a decision, acquiring data, and weighing potential answers.
What three ways can one make a decision?Based on the level at which they occur, decision-making may also be divided into three types. The direction of an organization is decided upon strategically. Decisions regarding how something will be accomplished are considered tactical. Lastly, operational decisions are choices that staff members make every day to manage the company.
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economists forecast future economic conditions by studying variables that tend to fluctuate in advance of the overall economy. the most significant of these variables are known as leading indicators, and they compose the index of leading economic indicators. which of the following variables are measured as part of this index? check all that apply. government expenditures new applications for unemployment insurance technological advances hours worked by manufacturing workers consumer expectations true or false: short-run economic forecasts give the government useful information regarding expected tax revenues, but are not relevant to businesses because they cannot adjust output in the short run. false true suppose the most recent data show that the average initial weekly claims for unemployment insurance have recently increased. this change suggests period in the coming months.
Answers
Since economists forecast future economic conditions by studying variables that tend to fluctuate in advance of the overall economy, the variable that are measured as part of this index is A. Technological advances as a Leading indicator.
What is leading and lagging indicators?An example of a leading safety indicator would be the proportion of workers wearing hard helmets on construction sites. A leading indication is a predicted measurement. A lagging indicator is a measurement of an output.
Future economic trends are predicted using leading indicators. Although no single indicator can predict the future, there has historically been a positive or negative correlation between various indicators and performance.
Therefore, one can say that Economic conditions have an impact on lagging indicators. After a good phase, some lagging indications will normally appear, and after a weak one, other indicators will. One indicator is not proof or performance on its own; once more, these indicators were chosen based on past trends.
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See full question below
Leading economic indicators
Economists forecast future economic conditions by studying variables that tend to fluctuate in advance of the overall economy. The most significant of these variables are known as leading indicators, and they compose the index of leading economic indicators.
1. Which of the following variables are measured as part of this index?
A.Technological advances
B. New applications for unemployment insurance
C.The interest rate spread
D.Stock prices
E.The ratio of elderly to non elderly worker
Suppose that Costa Rican worker Carlos can produce either 100 pounds of coffee or 1 computer per week, and a second worker, Maria, can produce either 150 pounds of coffee or 1 computer per week. Both Carlos and Maria work 50 weeks per year. A third worker, Pedro, joins the Costa Rican economy. Pedro can produce either 140 pounds of coffee or 1 computer per week. Like the other two workers, Pedro works 50 weeks per year.b. Assume that world prices are such that 1 computer trades for 125 pounds of coffee on international markets and that Costa Rica is open to trade.If coffee can either be produced domestically or imported from abroad in exchange for Costa Rican computers, then the maximum amount of coffee that Carlos, Maria and Pedro can consume is pounds. To obtain this amount of coffee, Carlos will produce (Click to select) coffee computers both coffee and computers neither coffee or computers , Maria will produce (Click to select) neither coffee or computers computers coffee both coffee and computers , and Pedro will produce (Click to select) neither coffee or computers both coffee and computers computers coffee .If computers can either be produced domestically or imported from abroad in exchange for Costa Rican coffee, then the maximum number computers that the three workers can consume is . To obtain this number of computers, Carlos will produce (Click to select) both coffee and computers coffee computers neither coffee or computers , Maria will produce (Click to select) computers neither coffee or computers coffee both coffee and computers , and Pedro will produce (Click to select) both coffee and computers neither coffee or computers computers coffee .c. Assume instead that world prices are such that 1 computer trades for 200 pounds of coffee on international markets and Costa Rica is open to trade.If coffee can either be produced domestically or imported from abroad in exchange for Costa Rican computers, then the maximum amount of coffee that Carlos and Maria can consume is pounds. To obtain this amount of coffee, Carlos will produce (Click to select) both coffee and computers coffee neither coffee or computers computers , Maria will produce (Click to select) coffee both coffee and computers neither coffee or computers computers , and Pedro will produce (Click to select) coffee neither coffee or computers computers both coffee and computers .If computers can either be produced domestically or imported from abroad in exchange for Costa Rican coffee, then the maximum number computers that the three workers can consume is . To obtain this number of computers, Carlos will produce (Click to select) computers coffee both coffee and computers neither coffee or computers , Maria will produce (Click to select) both coffee and computers computers neither coffee or computers coffee , and Pedro will produce (Click to select) both coffee and computers coffee computers neither coffee or computers .
Answers
As per the economy, the maximum amount of coffee that Carlos, Maria and Pedro can consume in pounds is 125.
Economy:
Economy refer a system of inter-related production and consumption activities that ultimately determine the allocation of resources within a group.
Given,
Here we have that suppose that Costa Rican worker Carlos can produce either 100 pounds of coffee or 1 computer per week, and a second worker, Maria, can produce either 150 pounds of coffee or 1 computer per week. Both Carlos and Maria work 50 weeks per year. A third worker, Pedro, joins the Costa Rican economy. Pedro can produce either 140 pounds of coffee or 1 computer per week. Like the other two workers, Pedro works 50 weeks per year.
And we need to find the the maximum amount of coffee that Carlos, Maria and Pedro can consume is pounds.
While we looking into the given scenario, we know that
=> 1 computer = 125 pounds of coffee
Therefore, Carlos can produce 100 pounds of coffee or 1 computer which is equivalent to 125 pounds of coffee.
Then he will prefer to produce 1 computer to consume 125 pounds of coffee instead of consuming 100 pounds of coffee.
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Please help!!!
A major revision task involves assessing the clarity of your message. A clear message is one that is easily
understood. Describe three techniques that can improve the clarity of your writing. Include an example of each
technique
Answers
Answer:
1) Know what you want to say
2) Know who you're talking to
3) Define unfamiliar words
4) Create a sentence outline
5) Write one-sentence paragraphs
6) Make your sentences short
7) Don't use long words
8) Leverage writing tools
how to consolidate credit card debt without hurting your credit
Answers
Another example could be working with a nonprofit credit counseling organization.
Review each of the investment opportunities provided by earl investments and pima financial trading. in a three paragraph essay (a minimum of 4-5 sentences), write an analysis of these opportunities that answers the following questions. based on the evidence available to you, which investment opportunity is more likely to be fraudulent? what are the true risks of investment with this company, and does the company accurately describe these risks? what are the potential returns on an investment, and does the company accurately describe these returns?
Answers
Every investment entails certain risks and hazards. There is always some element of risk involved with undertaking any venture, whether it be with regard to real estate, stocks, goods, joint assets, or anything else.
Every investment entails certain risks and hazards. There is always some element of risk involved with undertaking any venture, whether it be with regard to real estate, stocks, goods, joint assets, or anything else. Additionally, when indicating the consent of speculating, they do include the risk element, which is frequently ignored by the financial expert at the time of marking the agreement .
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Calculate China’s RGDP growth rate in 2006, the growth rate of real GDP per person in 2006 (using the approximation formula), and the approximate number of years it will take for real GDP per person in China to double if the 2006 economic growth and population growth rates are maintained.
China’s RGDP growth rate in 2006 was _______ percent. Round up your answer to the first decimal. China’s growth rate of real GDP per person in 2006 (using the approximation formula) was ______ percent. Round up your answer to the first decimal.
It will take China approximately _______ years to double its real GDP per person. Round up your answer to a full number (no decimals).
Answers
Answer:
China’s RGDP growth rate in 2006 was 8.2% percent. Round up your answer to the first decimal. China’s growth rate of real GDP per person in 2006 (using the approximation formula) was 7.7% percent. Round up your answer to the first decimal.
It will take China approximately 9 years to double its real GDP per person. Round up your answer to a full number (no decimals).
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
In 2005 China's RGDP was 7,394 billion yuan. In 2006 its RGDP was about 8,000 billion yuan. China's population was 1,306.6 million in 2005 and 1,313.1 million in 2006.
Calculate China's RGDP growth rate in 2006, the growth rate of real GDP per person in 2006 (using the approximation formula), and the approximate number of years it will take for real GDP per person in China to double if the 2006 economic growth and population growth rates are maintained.
China's RGDP growth rate in 2006 was _______ percent. Round up your answer to the first decimal. China's growth rate of real GDP per person in 2006 (using the approximation formula) was ______ percent. Round up your answer to the first decimal.
It will take China approximately _______ years to double its real GDP per person. Round up your answer to a full number (no decimals).
The explanation to the answer is now given as follows:
a. Calculate China’s RGDP growth rate in 2006. Round up your answer to the first decimal.
This can be calculated using the following formula:
China’s RGDP growth rate = (2006 RGDP - 2005 RGDP) / 2005 RGDP = (8,000 - 7,394) / 7,394 = 0.0820, or 8.2%
b. Calculate the growth rate of real GDP per person in 2006. Round up your answer to the first decimal.
This can be calculated using the following formula:
China’s RGDP per person growth rate = (2006 RGDP per person - 2005 RGDP per person) / 2005 RGDP per person ............... (1)
Where;
2006 RGDP per person = 2006 RGDP / 2006 population = 8,000 / 1,313.1 = 6.09245297387861 billion yuan
2005 RGDP per person = 2005 RGDP / 2005 population = 7,394 / 1,306.6 = 5.65896219194857 billion yuan
Substituting the values into equation (1) above, we have:
China’s RGDP per person growth rate = (6.09245297387861 - 5.65896219194857) / 5.65896219194857 = 0.077, or 7.7%
c. The approximate number of years it will take for real GDP per person in China to double if the 2006 economic growth and population growth rates are maintained. Round up your answer to a full number (no decimals).
To calculate this, the rule of 70 is used as follows:
Number of years for Real GDP per person to double = 70 / China’s RGDP per person growth rate = 70 / 7.7 = 9 years
TRUE/FALSE opening an e-commerce site on the internet makes it difficult for a company to gain profit in the international marketplace.
Answers
The given statement "opening an e-commerce site on the internet makes it difficult for a company to gain profit in the international marketplace." is False because streamlining fulfillment processes and ensuring timely delivery, companies can enhance customer satisfaction and loyalty, leading to repeat purchases and sustained profitability.
E-commerce enables businesses to reach a broader customer base beyond their geographical limitations. By leveraging the power of the internet, companies can overcome physical barriers and connect with potential customers from around the world. The larger the customer base, the greater the potential for sales and profitability.
E-commerce platforms provide valuable insights into consumer behavior and market trends. By analyzing data on customer preferences, companies can tailor their products or services to meet international demand.
E-commerce offers scalability, meaning that companies can easily expand their operations to accommodate growing demand. With the right infrastructure in place, businesses can handle increasing customer traffic and order volume without major disruptions.
E-commerce platforms provide various tools and channels for marketing and advertising. Through search engine optimization (SEO), social media marketing, email campaigns, and targeted advertisements, companies can effectively promote their products or services to a global audience.
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In the context of the poem, how do people face death? How does Keats challenge the inevitably of death in this poem? How do people use art to overcome death?
Answers
Most of John Kets' poems have the theme of human emotions and feelings, such as love and death, and death is portrayed by the author in the form of being an emotional challenge for human beings, who fear it, but at the same he hopes that there will be a moment of reunion through the precepts of faith.
How does art transform human beings?Art is an instrument of expression, it is the possibility for individuals to express themselves freely through poems, texts and songs, for example, where they can portray their emotions in order to transform them into something meaningful and reflective for themselves and for others.
Therefore, art is an instrument of personal expression, being a way of developing creativity through variables that are intrinsic to human life, such as its challenges, difficulties, observation of nature, social interaction, etc.
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Your friend Reggie needs to write a resume and asked for your help. In at least 150 words, create a guide for Reggie. What are the essential parts of the resume? What will he need to include? What will he need to avoid? Include information about how he should organize.
Answers
Answer:
Name
Address
Contact Number
Objective
Work Experience
Extra Curricular Activities
School Graduated
Referral
Signature
Explanation:
Simple steps in making a Resume
I WILL GIVE BRAINLIEST
This part of the business cycle is when companies have hired as many employees needed to supply enough goods demanded by consumers to optimize profit.
A. Trough
B. Growth
C. Recession
D. Peak
Answers
if firms in a perfectly competitive industry are presently earning zero economic profit, then, in the long run
Answers
If firms in a perfectly competitive industry are presently earning zero economic profit, then there is no incentive for either entry or exit and if it is making an economic profit, in the long run, firms will enter the industry until all firms in the industry are making zero economic profit.
What is zero economic profit?Zero economic is a term economists use when a company's total costs are equal to its total revenues, which means its economic profit is equal to zero. Usually, when a company is competitive and has revenues that cover its expenses, it can report zero economic profit.
Zero economic profit is important to establish a free market, measure business performance and encourage competition.
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What do you think were the main concerns with the Olympus two-door sports coupe? Is there a market for a two-seat, $32,000 sports car when the RX-8 sells for significantly less? Evaluate the role of the marketing mix in the Olympus introduction. What are some of the marketing strategies auto manufacturers use to stimulate sales of certain makes of automobiles?
Answers
The main concerns of the sports coupe is that
They did not carry out good research of the marketThey also did not research the people that would buy the product.There is no market for the two seat car given that it would be better if it was a market that people knew with a cheaper price.
2. What is the role of the marketing mix?The role of the marketing mix has to do with the combination of price and the product. These two did not match properly in order to be able to take care of the need of customers and expectations.
3. Some of the strategies would be the use of social media and search engines. This would help to create the awareness for their products and create traffic.
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3. Problem 7.03 (Bond Valuation) Nesmith Corporation's outstanding bonds have a $1,000 par value, an 8% semiannual coupon, 18 years to maturity, and a 12% YTM. What is the bond's price? Round your answer to the nearest cent.
Answers
The bond price is approximately $706.37, obtained by applying the bond valuation formula with a semiannual coupon payment of $40, a semiannual yield to maturity of 6%, and a 36-period duration.
To calculate the bond's price, we can use the bond valuation formula:
Bond Price = (C / Y) * [1 - (1 / (1 + Y)^n)] + (F / (1 + Y)^n)
C = $1,000 * 8% / 2 = $40 (semiannual coupon payment)
Y = 12% / 2 = 6% (semiannual yield to maturity)
n = 18 years * 2 = 36 periods (since payments are semiannual)
F = $1,000 (face value)
Now, let's substitute these values into the formula and calculate the bond price:
Bond Price = ($40 / 6%) * [1 - (1 / (1 + 6%)^36)] + ($1,000 / (1 + 6%)^36)
Bond Price = ($40 / 0.06) * [1 - (1 / (1.06)^36)] + ($1,000 / (1.06)^36)
Using a financial calculator or spreadsheet, the calculated bond price will be:
Bond Price ≈ $706.37
Therefore, the bond's price is approximately $706.37.
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What are some possible short-term savings goals and why are they important? (give examples)
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Savings goals for the short term involve planning for the immediate future.
EXAMPLES: Paying for holidays, buying a new TV or smartphone or putting down a deposit on a house are all short-term savings goals.
It's easier and more convenient to save when you have goals. Setting goals gives you more time to save.
It is still very common for people to be very impulsive with their money, resulting in them rarely having the cash on hand needed to buy things they truly want or to cover emergencies. So, by having short term saving goals you would be able buy something you really wanted, pay for a holiday etc
Which one of the following terms best describes the information you know about a company that will have a significant effect on the price of the company's stock once that information is released?
A. material public information
B. public information
C. abnormal information
D. private, non-material information
E. material non-public information
See Section 7.7
Answers
Material non-public information is information about a company that could have a significant effect on the price of the company's stock once that information is released.
This information is not available to the public, and is only known by those with access to confidential information. Material non-public information can be anything from a company's financial results, strategic plans, or upcoming product launches.
It is important to note that trading on the basis of this information is strictly prohibited and is considered insider trading. It is essential that investors understand the legal implications of trading on the basis of material non-public information in order to avoid any legal repercussions.
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How can we apply accounting and bookkeeping in our daily lives?
Answers
give short introduction about tourism industry
Answers
Answer:
Tourism industry is the industry that manages all the resources related to the tourism like hotel management, guides and many more. Tourism industry is very beneficial for the developing countries like Nepal, India and many more. Through it there will be economic development in the country. And from the economical development the citizens of the country can get facilities.
Answer:
Explanation: Tourism is the activities of people traveling to and staying in places outside their usual environment for leisure, business or other purposes for not more than one consecutive year.1.Domestic Tourism -Domestic tourism is the act of travelling for business or leisure within one’s home country2.International tourism-International tourisminvolves tourist who are traveling to different countries.
Which command is used to draw visible line form invisible line mode *
in microsoft window logo
PD
PU
PE
None of these
Answers
In Microsoft window logo, the command which is used to draw visible line that forms an invisible line mode is: A. PD.
Microsoft window logo is a programming language that was designed and developed at the Massachusetts Institute of Technology (MIT) by George Mills, based on the educational programming language called Logo.
Some of the commands that are used on Microsoft window logo include the following:
FORWARD (fd)BACK (bk)HOMERIGHT (rt)Pendup (PU)Pendown (PD)In Microsoft window logo, the Pendown (PD) command is used to instruct the turtle to draw a visible line or leave ink (tracks) on the screen as it moves. Thus, it is a command which is used to draw visible line while forming an invisible line mode.
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Many companies around the globe voluntarily report their efforts in promoting environmental sustainability using the guidelines developed by the ________.
Answers
Environmental sustainability is promoted by many companies around the globe, using the guidelines developed by the Global Reporting Initiative.
What is environmental sustainability?Environmental sustainability refers to the capability of our environment to maintain all the biological systems and resources that support the living organisms on our Earth.
Environmental sustainability is important because of how much energy, food and human-made resources we use every day.
Hence, environmental sustainability is promoted using the guidelines developed by the Global Reporting Initiative.
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when tax rates are constant, tax planning suggests that taxpayers should consider
Answers
When tax rates are constant, tax planning suggests that taxpayers should consider ways to minimize their tax liability by taking advantage of tax deductions, credits, and other tax benefits.
Tax planning involves analyzing a taxpayer's financial situation and identifying opportunities to reduce their tax liability through legal means. Tax planning can be complex and may involve strategies such as:
Deferring income or accelerating deductions: Taxpayers can try to defer income to future years or accelerate deductions to the current year to reduce their tax liability.
Claiming deductions and credits: Taxpayers can claim deductions and credits that are available to them to reduce their taxable income.
Investing in tax-advantaged accounts: Taxpayers can invest in tax-advantaged accounts such as 401(k)s, IRAs, and municipal bonds, which offer tax benefits.
Structuring business transactions: Businesses can structure transactions to minimize their tax liability, such as by using tax-deferred accounting methods or by making strategic purchases or sales.
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Question
in the evolution of the internet, which event occurred most recently?
a. e-commerce allows people to make transactions online.
b. email was invented.
c. web 2.0 replaced the world wide web.
d. arpanet was opened to the general public.
Answers
Answer: C
Explanation: Web 2.0 replaced the World Wide Web.
Which of the following characteristics of tourism services explains which guests need to be present when the service is being performed?
Answers
X-Perience manufactures snowboards. Its cost of making 24,900 bindings is as follows: (Click the icon to view the costs. ) Suppose an outside supplier will sell bindings to X-Perience for $14 each. X-Perience will pay $2. 00 per unit to transport the bindings to its manufacturing plant, where it will add its own logo at a cost of $0. 70 per binding. Read the requirements. Х Data table Requirements w whether the company should ma ce column when the cost to make e Direct materials $ 27,000 84,000 Direct labor. Variable manufacturing overhead Fixed manufacturing overhead 54,000 84,000 1. X-Perience's accountants predict that purchasing the bindings from the outside supplier will enable the company to avoid $2,000 of fixed overhead. Prepare an analysis to show whether the company should make or buy the bindings. 2. The facilities freed by purchasing bindings from the outside supplier can be used to manufacture another product that will contribute $3,400 to profit. Total fixed costs will be the same as if X-Perience had produced the bindings. Show which alternative makes the best use of X-Perience's facilities: (a) make bindings, (b) buy bindings and leave facilities idle, or (c) buy bindings and make another product. $ 249,000 Total manufacturing costs Cost per pair ($249,000 = 24,900) $ 10. 00 X-Perience manufactures snowboards. Its cost of making 24,900 bindings is as follows: Requirement 1. X-Perience's accountants predict that purchasing the bindings from the outside supplier will enable the company to avoid $2,000 of fixed overhead. Prepare an analysis to show whether the company should make or buy the bindings. (Enter a "o" for any zero balances. Round any per unit amounts to the nearest cont and your final answers to the nearest whole dollar. Use a minus sign or parentheses in the Difference column when the cost to make exceeds the cost to buy. ) a Incremental Analysis Outsourcing Decision Make Bindings Buy (Outsource) Bindings Difference Variable Costs Plus: Fixed Costs Total cost of 24,900 bindings Decision Requirement 2. The facilities freed by purchasing bindings from the outside supplier can be used to manufacture another product that will contribute $3. 400 to profit. Total fixed costs will be the same as if X-Perience had produced the Show which alternative makes the best use of X <-Perlence's facilities: (a) make bindings. (b) buy bindings and leave facilities idle, or (c) buy bindings and make another product. (Enter a 'o'for any zero balances. Round any per unit amounts to e bindings the nearest cent and your final answers to the nearest whole dollar. ) Buy (Outsource) Bindings Incremental Analysis (a) Make (b) Leave (c) Make Outsourcing Decision Binding Facilities Idle Another Product Variable Costs Plus: Fixed Costs Total cost of 24,900 bindings Less: Profit from another product Net cost Decision:
Answers
Requirement 1: X-Perience should outsource the bindings since it can save $5.70 ($16.70 - $10.99) per binding, or $141,930 ($5.70 × 24,900) in total.
Requirement 2: X-Perience should buy bindings from an outside supplier and use the facilities to manufacture another product.
1. Analysis to show whether the company should make or buy the bindings:X-Perience should buy bindings from the outside supplier. Here's why:Variable costs per binding:
Direct materials: $27,000/24,900 = $1.08Direct labor: $84,000/24,900 = $3.37Variable manufacturing overhead: $54,000/24,900 = $2.17Total variable cost per binding: $6.62
Total cost per binding if X-Perience makes it:Variable cost per binding: $6.62Fixed manufacturing overhead cost per binding: $84,000/24,900 = $3.37
Total cost per binding: $10.99X-Perience will pay $14 + $2 + $0.70 = $16.70 per binding to buy from an outside supplier. The cost to make each binding is $10.99. Therefore, X-Perience should outsource the bindings since it can save $5.70 ($16.70 - $10.99) per binding, or $141,930 ($5.70 × 24,900) in total.
2. Analysis to show which alternative makes the best use of X-Perience's facilities:X-Perience should buy bindings from an outside supplier and use the facilities to manufacture another product since it will lead to the highest profit. Here's why:
Total fixed cost of making the bindings: $84,000 + $84,000 = $168,000
Total cost of making the bindings: $249,000 + $168,000 = $417,000
Total profit from making another product: $3,400Total cost of outsourcing bindings: $16.70 per binding × 24,900 = $416,730
Total net cost of making another product after outsourcing the bindings: $416,730 - $3,400 = $413,330If X-Perience makes bindings, then it has no facilities left to manufacture another product, so the total profit will be $0. If X-Perience buys bindings and leaves the facilities idle, then the total profit will be $0. However, if X-Perience buys bindings and makes another product, then the total profit will be $3,400. Therefore, X-Perience should buy bindings from an outside supplier and use the facilities to manufacture another product.
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What is Porter’s Value Chain Model. Explain the Role of
Information Systems in Value Chain Analysis.
do it as soon as possible within 10 minutes
Answers
Porter's value chain model is a business strategy paradigm and role of information systems in value chain analysis is used to analyze data and to differentiate and organize business functions.
This model is known as a business strategy paradigm and it examines the company operations in order to determine its competitive advantage. It is made up of the primary activities that are directly related to production and delivery and the secondary activities that enable the execution of the primary activities.
In the value chain analysis the role of information system is employed for analysing current sales and data that is related to marketing , to find specialised targets for a service or goods that a business can serve better.
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api services (a nonprofit organization) has the following account balances at june 30, 2020. cash, general checking$15,000 fair value of equity security (to be sold in july)6,000 savings, money market account50,000 cash restricted for equipment purchase in august35,000 cash, checking account2,500 how much should be reported as cash and cash equivalents in its classified balance sheet?
Answers
The total amount of cash and cash equivalents that should be reported on API Services' classified balance sheet as of June 30, 2020, is $67,500 ($15,000 + $50,000 + $2,500).
To determine the amount of cash and cash equivalents that should be reported on the classified balance sheet of API Services as of June 30, 2020, we need to identify which items qualify as cash and cash equivalents.
According to accounting standards, cash and cash equivalents are defined as follows:
Cash: Currency on hand, deposits in bank accounts, and checks and money orders received but not yet deposited.
Cash equivalents: Short-term, highly liquid investments that are readily convertible to cash, have original maturities of three months or less, and present low risk of changes in value.
Using these criteria, we can identify the following items as cash and cash equivalents:
General checking account balance: $15,000
Money market account balance: $50,000
Checking account balance: $2,500
The cash restricted for equipment purchase in August and the equity security to be sold in July do not qualify as cash and cash equivalents, as they are not readily convertible to cash and do not meet the criteria of short-term, highly liquid investments.
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Explain how test-marketing can increase profits.
Answers
Answer:
Test marketing holds a lot of importance for the company. It allows
the company to test their product in a small region so as to get an
idea whether the product will work in a bigger market or not.
Through this, the company can measure the performance of the
product and can decide whether it should be released nationwide
for sale. Through this, the company can estimate the earnings that
can be earned through this product beforehand.
Explanation: