Manager T. C. Downs of Plum Engines, a producer of lawn mowers and leaf blowers, must develop an aggregate plan given the forecast for engine demand shown in the table. The department has a normal capacity of 130 engines per month. Normal output has a cost of $60 per engine. The beginning inventory is zero engines. Overtime has a cost of $90 per engine.
Month 1 2 3 4 5 6 7 8 Total
Forecast 120 135 140 120 125 125 140 135 1,040
a. Develop a chase plan that matches the forecast and compute the total cost of your plan. (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Period 1 2 3 4 5 6 7 8 Total
Forecast 120 135 140 120 125 125 140 135 1,040
Output Regular Overtime Subcontract Output - Forecast Inventory Beginning Ending Average Backlog Costs: Output Regular $ $
Overtime Subcontract Inventory Backorder Total $ $
b. Compare the costs to a level plan that uses inventory to absorb fluctuations. Inventory carrying cost is $2 per engine per month. Backlog cost is $90 per engine per month. (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Period 1 2 3 4 5 6 7 8 Total
Forecast 120 135 140 120 125 125 140 135 1,040
Output Regular Overtime Subcontract Output - Forecast Inventory Beginning Ending Average Backlog Costs: Output Regular $ $
Overtime Subcontract Inventory Backorder Total $ $

Answers

Answer 1

a. The chase plan matches production output with the forecasted demand, resulting in a total cost of $520.

b. The level plan with inventory maintains a constant production output but incurs inventory carrying costs and backlog costs, resulting in a higher total cost of $14,055.

a. In the chase plan, the production output matches the forecasted demand for each period. To calculate the total cost, we need to consider regular output costs, overtime costs, subcontracting costs, inventory costs, and backlog costs.

Period 1 2 3 4 5 6 7 8 Total

Forecast 120 135 140 120 125 125 140 135 1,040

Output Regular 120 135 140 120 125 125 140 135 1,040

Overtime 0 0 0 0 0 0 0 0 0

Subcontract 0 0 0 0 0 0 0 0 0

Output - Forecast 0 0 0 0 0 0 0 0 0

Inventory Beginning 0 0 0 0 0 0 0 0

Ending 0 0 0 0 0 0 0 0

Average 0 0 0 0 0 0 0 0

Backlog 0 0 0 0 0 0 0 0 0

Costs:

Output Regular $60 $67.5 $70 $60 $62.5 $62.5 $70 $67.5 $520

Overtime $0 $0 $0 $0 $0 $0 $0 $0 $0

Subcontract $0 $0 $0 $0 $0 $0 $0 $0 $0

Inventory $0 $0 $0 $0 $0 $0 $0 $0 $0

Backlog $0 $0 $0 $0 $0 $0 $0 $0 $0

Total $60 $67.5 $70 $60 $62.5 $62.5 $70 $67.5 $520

The total cost of the chase plan is $520.

b. In the level plan with inventory, the production output remains constant at the normal capacity of 130 engines per month. Fluctuations in demand are absorbed by maintaining inventory or backlog. We need to calculate the regular output costs, overtime costs, subcontracting costs, inventory costs, and backlog costs.

Period 1 2 3 4 5 6 7 8 Total

Forecast 120 135 140 120 125 125 140 135 1,040

Output Regular 130 130 130 130 130 130 130 130 1,040

Overtime 0 0 0 0 0 0 0 0 0

Subcontract 0 0 0 0 0 0 0 0 0

Output - Forecast -10 -5 -10 10 5 5 10 5 0

Inventory Beginning 0 10 15 5 15 10 15 5

Ending 10 15 5 15 10 15 5 0

Average 5 12.5 10 10 12.5 12.5 10 2.5

Backlog 10 5 15 5 15 10 15 5 0

Costs:

Output Regular $780 $780 $780 $780 $780 $780 $780 $780 $6,240

Overtime $0 $0 $0 $0 $0 $0 $0 $0 $0

Subcontract $0 $0 $0 $0 $0 $0 $0 $0 $0

Inventory $0 $2 $3 $1 $3 $2 $3 $1 $15

Backlog $900 $450 $1,350 $450 $1,350 $900 $1,350 $450 $7,800

Total $1,680 $1,232 $2,133 $1,231 $2,133 $1,682 $2,133 $1,231 $14,055

The total cost of the level plan with inventory is $14,055.

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Related Questions

Jean owns a printing company. She had 100 customers at the end of the third quarter, 101 customers at the beginning of the third quartes, and five new
customers in the third quarter. What is her customer retention rate for the third quarter?
OOOO

Answers

Customer retention rate for the third quarter is 94.06%

The formula below is used to calculate customer retention rate.

Customer retention rate (CRR) = {Customers at the end(E) - Customers acquired during the period(N) / Customers at the start(S)}  * 100

CRR = {(E-N)/S)} x 100

CRR = {(100 - 5) / 101} * 100

CRR = {(95) / 101} * 100

CRR = 94.06%

Therefore, customer retention rate for the third quarter is 94.06%

Answer: 94%

Explanation:

CRR = (end-new)/start

help
You read a script about a poor young woman living in London in the 1980s who becomes a famous dancer. Which of the following authors would be most likely to have written this script?

An 80-year-old man who was an engineer in Chicago.
A 50-year-old woman who grew up in a poor part of London.
A 19-year-old man who writes music reviews for an online magazine.
A 25-year-old woman who works as a server in Las Vegas.

Answers

Answer:

a 50 year d for sure

Explanation:

I would say B

A group of teens in your town meet and agree to charge a flat fee of five dollars per hour for babysitting. They charge the same rate no matter how many children there are, or when the service is needed. Then they divide areas of town on a map between them, agreeing to only serve customers within their respective areas. Within weeks they have gained most of the business in town, driving out other teens that cannot lower their rates. The babysitting market in your town has become

Answers

The babysitting market in the town has become an oligopoly.

What is an Oligopoly?

An Oligopoly is an industry which is influenced by the firms.

In oligopoly, there are very few sellers and all are influenced by the behavior of the other sellers.

In this market, sellers deal in homogenous product.

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Answer: am oligopoly

Explanation: i got it right

the first electronic exchange, where investors can buy and sell stock, is the _______.

Answers

The first electronic exchange, where investors can buy and sell stock, is the NASDAQ (National Association of Securities Dealers Automated Quotations) exchange.

It was established in 1971 by the National Association of Securities Dealers (NASD) and initially operated as a quotation system that provided electronic quotes for Over-The-Counter (OTC) securities.

However, in 1985, NASDAQ became a full-fledged stock exchange, offering trading in listed stocks, and it has since grown to become the second-largest stock exchange in the world by market capitalization, after the New York Stock Exchange (NYSE).

The NASDAQ is known for its technology-focused stocks and is home to some of the world's largest tech companies, such as Apple, Microsoft, and Amazon.

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When Frozen DeLites Ice Cream moved from its longtime storefront to a famous resort area, it took a big risk. However, the owners were confident that its unique ice cream treats would win customer raves. Fortunately, one of the members of the family business was convinced the shop needed to stay in touch with its customers. Frozen DeLites collects names and email addresses of its customers and maintains a presence on a few social media sites in order to send messages about promotions and coupons to valued customers.

Marketing professionals refer to this strategy as: _________

Answers

Marketers professionals refer to the strategy of collecting customer names and email addresses and maintaining a presence on social media sites to send messages about promotions and coupons to valued customers like relationship marketing.

This strategy of creating relationships with customers has as its main objective the generation of value and customer loyalty through a closer and more direct relationship.

Relationship marketing is a strategy that has had a greater impact with technological development, social media for example, has strengthened communication between company and customer, making the relationship closer and more dynamic.

Therefore, companies that use relationship marketing create value through content that generates benefits and customer engagement with the company, increasing loyalty and positioning in the market.

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Kyei weighed half the total weight of his two brothers. his two brothers be weighed 44 1/2kg and 32 1/2kg.what was kyei's weight

Answers

Answer:

Kyei's weight = 38.5 kg

Explanation:

Given:

Kyei's brother's weight = 44.55 kg and 32.5 kg

Find:

Kyei's weight.

Computation:

⇒ Kyei's weight = Sum of Kyei's brother's weight / 2

⇒ Kyei's weight = [44.5 + 32.5] / 2

⇒ Kyei's weight = [77] / 2

⇒ Kyei's weight = 38.5 kg

trendy wear for teens is choosing to set up its new production facility in indonesia in order to take advantage of low labor costs. additionally, the indonesian government will offer the company tax incentives if it locates its facility in indonesia. by pursuing such a strategy, trendy wear for teens hopes to realize

Answers

By locating its new production facility in Indonesia, Trendy Wear for Teens hopes to realize several benefits. The most immediate benefit is that the company can take advantage of the low labour costs available in the country.

What is labour costs?

Labour costs refer to the total expenses paid to employees in exchange for their labour or services. This includes wages and salaries, bonuses, and any fringe benefits such as health insurance, vacation pay, and employer contributions to retirement plans. Labour costs are one of the largest components of a business's operating expenses and can have a major impact on a company's bottom line. Companies must carefully manage their labour costs in order to stay competitive and remain profitable.

By reducing its labor costs, the company can realize a greater profit margin on its products. Additionally, the Indonesian government has offered to provide the company with tax incentives, further reducing the cost of operating the facility. In this way, Trendy Wear for Teens can ensure higher profits and greater success.


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Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 15 years to maturity, and a coupon rate of 7.3 percent paid annually.If the yield to maturity is 8.6 percent, what is the current price of the bond? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Current price �

Answers

Answer:

892.69

Explanation:

Given the following :

Par value of bond (FV) = 1000

Period (n) = 15 years

Coupon rate (r) = 7.3% annually

Yield to maturity (r) = 8.6% = 0.086

The coupon price = 7.3% of par value

Coupon price (C) = 0.073 * 1000 = 73

Current price of bond can be computed using the relation:

= C * [1 - 1 / (1 + r)^n] / r + (FV / (1 + r)^n)

73 * [1 - 1/(1+0.086)^15]/0.086 + 1000/(1 + 0.086)^15

73*(1 - 1/3.44704)/0.086 + (1000/(1.086)^15)

= 73*8.2546131 + 290.10326

= 602.5867563 + 290.10326

= 892.69

Which is the most important decision factor in transportation?
A.capacity
B. Cost
C.capability
D.reliability

Answers

I'd say D just because if you can't rely on someone and I doesn't get there it's going to be really bad

Which statement is true about the Freedom of Information Act?
A. Requests for information can be made either in writing or orally.
B. It is designed to keep the public in the know about their
government.
C. It allows the public to request all government information.
O D. Citizens cannot be charged money to request information.
SUBMIT
Help please

Answers

The statement which is true about the Freedom of Information Act is:

C. It allows the public to request all government information.

What is Freedom of Information Act?

This refers to the piece of legislation which was passed in America to ensure that access to information is available to the public and hold their leaders accountable.

With this in mind, we can see that by allowing the citizens to request for government information is important to ensure that they hold their leaders accountable for their actions and deeds.

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Answer: b it is designed to keep the public in the know about their government

Explanation:

what is the re-order point inventory level that ray needs to re-order and stock up the bike?

Answers

Ray needs to re-order and stock up the bike when the inventory level reaches 391 units to avoid stock-out situations with a 95% probability. To determine the reorder point, Ray needs to consider the lead time demand and the safety stock.

The lead time demand is the demand during the lead time, which is 11 working days. The safety stock is the buffer inventory to prevent stock-out situations.

First, calculate the annual demand:

Annual demand = average daily demand x number of business days in a year

Annual demand = 29 units/day x 300 days/year = 8,700 units/year

Next, calculate the economic order quantity (EOQ):

EOQ = √[(2 x annual demand x ordering cost / carrying cost per unit]

EOQ = √[(2 x 8,700 x 120) / (0.05x 125)]  = 621 units

Then, calculate the reorder point:

Reorder point = lead time demand + safety stock

Lead time demand = average daily demand x lead time = 29 units/day x 11 days = 319 units

Reorder point = 319 units + 72 units = 391 units

Therefore, Ray needs to re-order and stock up the bike when the inventory level reaches 391 units to avoid stock-out situations with a 95% probability.

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Complete Question:

Ray wishes to determine the optimal order quantity for its best-selling bike in his bike store. Ray pays the supplier a wholesale price of $125 each for this bike. Ray has estimated the average daily demand for this bike is 29 units. The store opens 300 days a year. The cost to carry one bike in the store for a whole year is 5% of the unit bike cost. Ray has estimated that, on average, the order processing cost, i.e., ordering cost, with the bike supplier each time is $120, and it roughly takes 11 working days to receive the order from the supplier. Ray wishes to avoid the stock-out situation with a probability of 95%, and this requires Ray to carry a safety stock of 72 bikes in the store.

What is the re-order point inventory level that Ray needs to re-order and stock up the bike? Explain in 180 words with the summary.

Comprehension Que
1. What was the occupation of Husni before he relocated to the city?​

Answers

Answer:

Egyptian military and political leader

heathcote corporation is a manufacturer that uses job-order costing. the company closes out any overapplied or underapplied overhead to cost of goods sold at the end of the year. the company has supplied the following data for the just completed year: estimated total manufacturing overhead at the beginning of the year $ 546,000 estimated direct labor-hours at the beginning of the year 42,000 direct labor-hours results of operations: actual direct labor-hours 47,000 direct labor-hours manufacturing overhead: indirect labor cost $ 152,000 other manufacturing overhead costs incurred $ 454,000 cost of goods manufactured $ 1,569,000 cost of goods sold (unadjusted) $ 1,458,000 the adjusted cost of goods sold for the year is: multiple choice $1,458,000 $1,603,000 $1,453,000 $1,463,000

Answers

The adjusted cost of goods sold for the year is $1,603,000.

To calculate the adjusted cost of goods sold, we need to determine the amount of overapplied or underapplied overhead. We can start by calculating the predetermined overhead rate:

Predetermined overhead rate = Estimated total manufacturing overhead / Estimated direct labor-hours

Predetermined overhead rate = $546,000 / 42,000 hours = $13 per direct labor-hour

Next, we calculate the applied overhead by multiplying the actual direct labor-hours by the predetermined overhead rate:

Applied overhead = Actual direct labor-hours * Predetermined overhead rate

Applied overhead = 47,000 hours * $13 = $611,000

Now we can determine whether there was overapplied or underapplied overhead by comparing the applied overhead to the other manufacturing overhead costs incurred:

Overapplied/Underapplied overhead = Other manufacturing overhead costs incurred - Applied overhead

Overapplied/Underapplied overhead = $454,000 - $611,000 = -$157,000

Since the amount is negative, it means there was overapplied overhead. The overapplied amount needs to be closed out to the cost of goods sold. To calculate the adjusted cost of goods sold, we add the overapplied amount to the unadjusted cost of goods sold:

Adjusted cost of goods sold = Cost of goods sold (unadjusted) + Overapplied/Underapplied overhead

Adjusted cost of goods sold = $1,458,000 - $157,000 = $1,603,000

Therefore, the adjusted cost of goods sold for the year is $1,603,000.

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Sustainability, health and wellness, and how to more efficiently utilize and distribute food are all considered political trends. True False

Answers

It is a false statement that sustainability, health wellness and distribution of food are all considered political trend.

What is a political trend?

These are trends that influenced consumer views and behavior with the new arount the world of politics that always keep viewer interests.

Fir insatance, the trends about Russian war is an example of political trend because it is strictly on politics.

Therefore, It is a false statement that sustainability, health wellness and distribution of food are all considered political trend.

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WILL MARK BRAINLIEST!
Which of the following professionals is most closely associated with a company’s reputation?
-Public relations specialists
-Market research analysts
-Art directors
-Advertising, promotions, and marketing managers

Answers

Answer:

Public relations specialists

Explanation:

Public relations specialists refer to individuals who develop and maintain the public image i.e. favorable for the company in which they present. Here the perception of the organization should be shape aslo it would be increase the awareness towards the work and goals

Therefore according to the given situation, the professional that is closely linked with the reputation of the company is public relations specialist

entrepreneurial environments created within companies can help firms retain valuable employees who might otherwise leave to start their own businesses. (True or False)

Answers

True, entrepreneurial environments created within companies can help firms retain valuable employees who might otherwise leave to start their own businesses.

Entrepreneurial environments within companies can provide opportunities for employees to develop their skills, take risks, and pursue innovative ideas.

This can help to retain employees who are seeking a challenging and dynamic business environment, and may otherwise leave to start their own businesses. By fostering an entrepreneurial culture, companies can encourage employee creativity and initiative, and create a more engaged and motivated workforce.

A company environment needs to be a good place for employees, so they can provide a good experience for the clients and customers they help and your business serves. It’s the best way to not only draw in more business but to send out a message that yours is a company that has its priorities straight. People come first. Satisfaction for employees makes more satisfaction for clients and customers.

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Which of the following is a section found in most business plans?

A. Crowdfunding
B. Bank account information
C. Legal requirements
D. Target market

Answers

Answer:

D. Target market

Explanation:

Enjoy the response

Out of the choices provided above, the legal requirements and target market are the sections generally found in most of the business plans. Therefore, the options C and D hold true.

What is the significance of a business plan?

A business plan can be referred to or considered as a plan that is a part of the functions of management of the business process throughout their entirety of operations. Planning is the first and foremost step in business operation.

A business plan includes the key elements that revolve around the operations to be carried out by a business organization. The legal requirements and target market are taken into consideration while making a business plan.

Therefore, the options C and D hold true and state regarding the significance of business plan.

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Wich two following are benefits of consumer programs

Answers

Competitive advantage and customer loyalty are benefits of consumer programs.

What is consumer incentive?

Any reward you offer to persuade clients to buy your goods is a consumer incentive. A consumer rebate is a typical illustration of an incentive scheme. By offering your clients a financial incentive for making a certain purchase, you can conduct a rebate programme.

Customers incentives are gifts given to customers in exchange for actions that promote the brand. The kind of product you are offering will determine the precise layout of the incentives. Customers may receive more credits for sharing a social media post from your business.

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how can transformational leadership be defined? a. as understanding the complexities of the organization and environment b. as having a great deal of interpersonal attraction c. as using a variety of power and influence to achieve goals d. as one that models consistent behavior e. going beyond ordinary expectations

Answers

Transformational leadership can be described by b. as having a great deal of interpersonal attraction.

Transformational leadership can be described as a type of leadership in which people form great interpersonal bonds so that they can motivate others for changes.

In transformational leadership, the leader tends to connect with the people and form an interpersonal attraction so that people can understand the necessity of the change that is to be brought.

Through transformational leadership, morality is elevated between the public and the leader so that they can also play role in the changes that are required to be made.

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Through a comparable company analysis for Alibaba, you determined a P/E ratio of 6.0x is appropriate to value the company. Based on this metric, what is the implied Enterprise Value of Alibaba?

Answers

Answer:

hello your question is incomplete attached below is the complete question

answer : $ 1,391.692 ( first option )

Explanation:

Given P/E ratio = 6.0

Determine Implied Enterprise value

Implied Enterprise value =  (EBITDA * P/E ratio ) + Net debt (cash )

where EBITDA = $205.663

P/E ratio = 6

Net debt = $157.714

hence Implied Enterprise value = (205.663 * 6)+ 157.714 ≈ $ 1,391.692

NOTE : all $ values are in millions

Through a comparable company analysis for Alibaba, you determined a P/E ratio of 6.0x is appropriate

The implied Enterprise Value of Alibaba is $740,366‎

The calculation is as follows:

Implied equity value = NTM earnings × P/E ratio

= $149,680 × 6.0

= $898,080‎

Now Implied enterprise value

= Implied equity value + Net debt

= $898,080 - $157,714

= $740,366‎

Therefore we can conclude that The implied Enterprise Value of Alibaba is $740,366‎

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Through a comparable company analysis for Alibaba, you determined a P/E ratio of 6.0x is appropriate

false or true I need The right answer
10.4-D system leadership classification is a very essential part of human resource management

Answers

The given statement "10.4-D system leadership classification is a very essential part of human resource management" is FALSE.

System leadership classification is not a significant component of human resource management. A 10.4-D system leadership classification may have a positive effect on a company's performance, but it is not related to HR management's crucial elements. HR management is concerned with the management of individuals within a company, while a 10.4-D system leadership classification concentrates on leadership and decision-making techniques within a company.

A 10.4-D system leadership classification system refers to a tool for assessing leadership styles and matching those styles to specific positions within a company's organizational structure. While it may have a significant impact on a company's performance, it is not a fundamental component of human resource management.

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Which is an example of a federal government transfer payment?
o payment to cia and fbi operatives
payment to automobile union members
o payment to federal court justices
o payment to individuals with disabilities

Answers

Payment to individuals with disabilities

The demand side of economic policy, refers to the actions undertaken by a nation's central bank to control money supply to maintain economic growth. This is an example of

Inflation
monetary policy
Debt management
Loans

Answers

Answer:

The perspective of economic policy that focuses its efforts to follow a national central bank when it wants to make sure money supply is regulated to achieve a continuous economical positive development is an example of:

monetary policy

Explanation:

The reasons behind this answer are that monetary policy is the concept used to represent the efforts of a certain monetary organization to make sure the interest rates are set in the best scenario to enable borrowers to pay their debts. Pointing to a scenario of economical and monetary stability that would support the country in times of economical distress.

Judy and Nicolas are playing on the playground when, suddenly, Nicolas pulls Judy’s hair. She shouts “ouch” because even though the dead part that is grabbed can’t feel a thing, what is embedded at the base of the hair that register the pain?

Answers

Answer:

When Nicolas pulls Judy's hair, the pain is registered in the nerve endings at the base of the hair follicles. These nerve endings are responsible for sensing touch and other stimuli, and when they are stimulated, they send a signal to the brain that is interpreted as pain. The hair itself does not have any sensation, as it is made up of dead cells, but the nerve endings at the base of the follicles are able to sense the pull and send a signal to the brain.

Explanation:

Which of the following is a “DON’T” regarding scannable résumés?
a.
Print on white paper with black ink
b.
Use special characters like italics and underlining
c.
Add spaces before and after slashes
d.
Use a clean and neat overall format


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

B

Explanation:

took it on edge2020 :)

When it comes to scannable resumes, it is not recommended that you b. Use special characters like italics and underlining.

How should scannable resumes be designed?

Because they are to be scannable, they are not to have complicated characters that might be unscannable such as special characters and underlining.

They should be printed on white paper using black ink only, and should have a format that is best described as being neat and clean.

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How did more efficient way to make things, led to mass production, resulted in prices decreasing?

Answers

Anything consumers required or wanted could be produced in bigger quantities. Consumer products become more affordable as a result of mass production. In the end, economies of scale led to the most reasonable pricing of any product for the consumer without forcing the manufacturer to forgo revenues.

How Did Mass Production Affect the Price of Consumer Goods?

Before mass production became a reality, most products were handcrafted specifically for each customer. Consumer goods may be produced for the biggest market feasible after mass production was invented and refined.

The motor and the horse-drawn carriage, which it replaced, serve as a suitable illustration. The horse-drawn carriage was never manufactured in bulk. Only when someone, some business, or some other entity ordered a carriage was it built. Then and only then would the carpenters who were skilled in making carriages start to build the machine.

Manufacturers were able to make things more quickly thanks to mass production, which also increased their distribution and made them more widely available, which led to an increase in sales.

In contrast to products created one at a time for a single customer, having a larger number of products accessible for general sale allowed producers to reduce costs.

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Write one to two paragraphs explaining the importance of the seven marketing functions. Include examples to illustrate your points.

Answers

Answer: See explanation

Explanation:

The seven functions of marketing include:

1. Marketing Information Management: This helps an organization to understand what the customers need. Information can be gathered through the review of market research reports, social media, feedback from sales team.

2. Distribution: An organization's distribution strategy helps the customers to know where to get the product or the company. Marketing helps in the distribution of goods and services to ones customers.

3. Pricing: Pricing plays a role in the success of a particular product. Marketing helps one to be aware of the pricing strategy to use in order to have a competitive edge over ones rivals.

4. Product/Service Management: Marketing is vital for the development of a product as the information gotten from customers can be used to incorporate in new products.

5. Promotion: Through marketing, prospective customers can be made aware of a particular product through promotional activities.

6. Sale - Marketing aids sales as it brings about an increase in the volume of goods sold to the public and also on ways to improve the product through feedbacks.

7. Financing: Successful marketing gives revenue to a business and help in strengthening the loyalty of customers and help in gaining new customers.

Situation 3
• You have some friends that have a lot of money. They want to make more
money by loaning their money to other people.
• You also have friends that want to buy apartments in a cool new
development, but they don't have any money. You introduce your friends
who want to buy to your friends who have money to lend.
In the home buying business, what would you be called?
O A landlord.
O A loan officer.
O A mortgage broker.
O A mortgagor.

Answers

In the given scenario, you would be called a mortgage broker. A mortgage broker is a professional who connects borrowers and lenders and helps them negotiate the terms of a mortgage loan.

In this case, you are introducing your friends who want to buy apartments to your friends who have money to lend, essentially acting as a middleman between them and helping them arrange a mortgage loan. A landlord is a person who owns a property and rents it out to tenants. Landlords typically collect rent payments from tenants and are responsible for maintaining the property. A loan officer is a professional who works for a bank or other financial institution and helps people apply for loans. Loan officers evaluate loan applications, review credit histories and income levels, and help borrowers understand the terms of the loan. A mortgagor is a person who borrows money to purchase a property and pledges the property as collateral for the loan. In other words, the mortgagor is the borrower who is responsible for paying back the mortgage loan to the lender.

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It’s too early for this and I need some assistance

Its too early for this and I need some assistance

Answers

Answer:

A

Explanation:

what is the marginal product of the second worker? a. 15 students b. 20 students c. 25 students d. 22.5 students

Answers

The marginal product of the second worker is option C. 25 students

What is a marginal product?

Marginal product refers to the change in output as a result of employing one more unit of a particular input, for example, an increase in worker.

From the table attached, when the firm had only 1 unit of worker, the output was 20. When it increased its worker to 2, the output increased to 45.

In order to determine the marginal product,

subtract the output of the second worker from the first

Marginal Product = 45 - 20

= 25

Therefore, marginal product of the second worker = 45 - 20 = 25

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what is the marginal product of the second worker? a. 15 students b. 20 students c. 25 students d. 22.5
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