Rocky Mountain Bottling Company produces a soft drink that is sold for a dollar. At production and sales of 1,000,000 units, the company pays $700,000 in production costs, half of which are fixed costs. At that volume, general, selling, and administrative costs amount to $320,000, of which $70,000 are fixed costs. What is the amount of contribution margin per unit
Answers
Answer:
contribution margin per unit = $0.40
Explanation:
total variable production costs = $350,000
total fixed production costs = $350,000
total variable S&A expenses = $250,000
total fixed S&A expenses = $70,000
total costs = $1,020,000
total fixed costs = $420,000
total variable costs = $600,000
sales price = $1
variable cost per unit = $600,000 / 1,000,000 = $0.60
contribution margin per unit = $1 - $0.60 = $0.40
Related Questions
Explain five planning steps that are required to have a good business communication. Take any of the business as example and implement those five planning steps on it, as answer
Answers
The correct answer to this open question is the following.
Although you did not include any specific context or references, we can say the following.
The five planning steps that are required to have good business communication are the following.
1.- Establish attainable and specific goals. You can use the SMART formula.
2.- Identify who ypur audience is and where they are so you can be effective in sending your messages.
3.- Prepare the right strategy to implement your program. Have your communication department on the same page.
4.- Prepare the proper budget so you can run your program.
5.- Perform your program, monitor it, and evaluate your results.
For instance, Walmart is a corporation that makes communication a priority and invests time and money to run communications programs so every employee in the corporation is on the same page and can perform their jobs effectively, eliminate rumors, and be productive.
If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Answers
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
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The following accounts, in alphabetical order, were selected from recent financial statements of Krispy Kreme Doughnuts, Inc.
For each account, indicate whether the normal balance is a debit or a credit, and the financial statement—balance sheet or income statement—where the account should be presented.
Answers
Account Normal Balance Debit/Credit Balance Sheet or Income Statement include: Accounts payable: Credit - Balance Sheet. Accounts receivable: Debit - Balance sheet. Common stock: Credit - Balance Sheet. Depreciation expense: Debit - Income Statement
Where the following account should be presented: balance sheet or income statement?Accounts payable: Credit - Balance Sheet.
Accounts receivable: Debit - Balance sheet.
Common stock: Credit - Balance Sheet.
Depreciation expense: Debit - Income Statement
Interest expense: Debit - Income Statement
Interest income: Credit - Income Statement
Inventories: Debit - Balance sheet
Prepaid expenses: Debit - Balance sheet
Property and Equipment: Debit - Balance sheet
Revenues: Credit - Income Statement
What are financial statements?Financial statements are written documents reflecting company's operations as well as financial performance. These are often audited by government agencies, accountants, businesses, etc. ensuring accuracy and for the purpose of investment, tax, financing. Most important financial statement is income statement, which shows the company's ability to generate profits.
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complete question:
The following accounts, in alphabetical order, were selected from recent financial statements of Krispy Kreme Doughnuts, Inc.
For each account, indicate whether the normal balance is a debit or a credit, and the financial statement—balance sheet or income statement—where the account should be presented.
Account Normal Balance Debit/Credit Balance Sheet or Income Statement
Accounts payable
Accounts receivable
Common stock
Depreciation expense
Interest expense
Interest income
Inventories
Prepaid expenses
Property and EquipmentRevenues
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable: Supplies; Office Equipment; Accounts Capital; Jason Payne, Drawing: Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.
Oct. 1 Paid rent for the month, $3,600
3 Paid advertising expense, $1,200.
5 Paid cash for supplies, $750
6 Purchased office equipment on account, $8,000
10 Received cash from customers on account, $14,800
15 Paid creditors on account, $7,110
27 Paid cash for miscellaneous expenses, $400.
30 Paid telephone bill (utility expense) for the month, $250
31 Fees earned and billed to customers for the month, $33,100
31 Paid electricity bill (utility expense) for the month, $1,050.
31 Withdrew cash for personal use, $2,500
Journalize the transactions for October 2019
Answers
Answer:
Journal entries for October 2019
Date Accounts Titles and Explanation Debit Credit
Oct 1 Rent expense $3,600
Cash $3,600
(To record entry for payment of rent for month)
Oct 3 Advertising expenses $1,200
Cash $1,200
(To record entry for Advertising expenses)
Oct 5 Supplies $750
Cash $1750
(To record entry for purchase of supplies)
Oct 6 Office equipment $8,000
Accounts Payable $8,000
(To record purchase of office equipment on account)
Oct 10 Cash $14,800
Accounts Receivable $14,800
(To record cash received from customers on account)
Oct 15 Accounts payable $7,110
Cash $7,110
(To record payment made to creditors)
Oct 27 Miscellaneous expenses $400
Cash $400
(To record repair expense of office equipment)
Oct 30 Telephone expense $250
Cash $250
(To record payment made for telephone bill)
Oct 31 Accounts receivables $33,100
Service fees $33,100
(To record fees earned)
Oct 31 Utility expense $1,050
Cash $1,050
(To record payment made for electricity bill)
Oct 31 Personal use $2,500
Cash $2,500
(To record payment of dividend)
The Journal Entries are mentioned below.
What are Journal Entries?A journal entry is the first step—and an essential function—of the accounting process. They are the record of monetary transaction of a business.
Journal Entries in the books of Concrete Consulting Co.
for October 2019
Date Accounts Titles and Explanation Debit Credit
Oct 1 Rent expense A/c Dr. $3,600
To Cash A/c $3,600
(Being rent paid)
Oct 3 Advertising expenses A/c Dr $1,200
To Cash A/c $1,200
(Being Advertising expenses paid)
Oct 5 Supplies A/c Dr $750
To Cash A/c $750
(Being payment for purchase of supplies)
Oct 6 Office equipment A/c Dr $8,000
To Accounts Payable A/c $8,000
(Being office equipment purchased)
Oct 10 Cash A/c Dr $14,800
To Accounts Receivable A/c $14,800
(Being cash received from customers)
Oct 15 Accounts payable A/c Dr $7,110
To Cash A/c $7,110
(Being payment made to creditors)
Oct 27 Miscellaneous expenses A/c Dr $400
To Cash A/c $400
(Being expense made for repair of office equipment)
Oct 30 Telephone expense A/c Dr $250
To Cash A/c $250
(Being payment made for telephone bill)
Oct 31 Accounts receivables A/c Dr $33,100
To Service fees A/c $33,100
(Being fees earned)
Oct 31 Utility expense A/c Dr $1,050
To Cash A/c $1,050
(Being electricity bill paid)
Oct 31 Personal use A/c Dr $2,500
To Cash A/c $2,500
(Being cash withdrawn for personal use)
Therefore the above Journal Entries captures all the transactions.
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i. QUESTION THRee Consider the below information which reflects the changes in prices and quantities of each individual good in hypothetical economy. PRICES ii. ITEM Cotton Clothes Soft drinks QUANTITIES ITEM Cotton Clothes Required Soft drinks 2021 Tsh. 10 Tsh. 20 Tsh. 30 2021 200 400 600 2022 Tsh. 20 Tsh. 24 Tsh. 50 2022 250 450 650 2023 Tsh.14 Tsh.26 Tsh.48 2023 300 500 700 Compute the Consumer Price INDEX for year 2021, 2022 and 2023 using a base year. Determine the percentage increase of inflation from 2022 to 2023.
Answers
Answer:
To compute the Consumer Price Index (CPI) for the given years, we will use 2021 as the base year. The CPI measures the average price changes of a basket of goods and services over time.
Step 1: Calculate the total expenditure for each year using the base year prices:
2021: (Tsh.10 * 200) + (Tsh.20 * 400) + (Tsh.30 * 600) = Tsh.20,000 + Tsh.80,000 + Tsh.180,000 = Tsh.280,000
2022: (Tsh.10 * 250) + (Tsh.20 * 450) + (Tsh.30 * 650) = Tsh.25,000 + Tsh.90,000 + Tsh.195,000 = Tsh.310,000
2023: (Tsh.10 * 300) + (Tsh.20 * 500) + (Tsh.30 * 700) = Tsh.30,000 + Tsh.100,000 + Tsh.210,000 = Tsh.340,000
Step 2: Calculate the CPI for each year using the formula:
CPI = (Total expenditure in the given year / Total expenditure in the base year) * 100
CPI for 2021 = (Tsh.280,000 / Tsh.280,000) * 100 = 100
CPI for 2022 = (Tsh.310,000 / Tsh.280,000) * 100 = 110.71
CPI for 2023 = (Tsh.340,000 / Tsh.280,000) * 100 = 121.43
Step 3: Calculate the percentage increase of inflation from 2022 to 2023:
Percentage increase = ((CPI in 2023 - CPI in 2022) / CPI in 2022) * 100
Percentage increase = ((121.43 - 110.71) / 110.71) * 100 ≈ 9.68%
Therefore, the Consumer Price Index for 2021, 2022, and 2023 using 2021 as the base year is 100, 110.71, and 121.43, respectively. The percentage increase of inflation from 2022 to 2023 is approximately 9.68%.
On average, OCP receives 15 jobs per hour consisting of 50 percent standard, 30 percent deluxe, and 20 percent pro.
(a) How many jobs will arrive per hour at each station?
Answers
OCP receives 7.5 standard jobs, 4.5 deluxe jobs, and 3 pro jobs per hour at each station on average.
To solve this problem, we first need to calculate the number of standard, deluxe, and pro jobs that arrive per hour at OCP.
Given that OCP receives 15 jobs per hour consisting of 50% standard, 30% deluxe, and 20% pro, we can calculate the number of each type of job using percentages:
Number of standard jobs = 0.5 * 15 = 7.5
Number of deluxe jobs = 0.3 * 15 = 4.5
Number of pro jobs = 0.2 * 15 = 3
Therefore, on average, OCP receives 7.5 standard jobs, 4.5 deluxe jobs, and 3 pro jobs per hour.
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A manufacturing company is considering two alternative locations for a new facility. The fixed and
variable costs for the two locations are found in the table below. For which volume of business wo
the two locations be equally attractive? If the company plans on producing 50,000 units, which loc
would be more attractive? {7}
Fixed Costs
Variable Costs ($ per unit)
Glen Rose
$1,000,000
25
Mesquite
$1,500,000
23
Answers
Answer:1,000,025
Explanation:if you add all it up you get 1,000,025
what are the impacts of political environment on business?
Answers
Answer:
as u try to do the benefit of your representative and try to win
Gain sharing is an employee benefit that provides
Answers
Gainsharing empowers employees to select how to improve their individual and collective performance. It also broadens employees' attention beyond their personal interests.
Gainsharing a contract that defines the vendor's commitment to the client in terms of particular business advantages. A contract of this type also specifies the payment the client will make based on the vendor's performance in delivering specified business advantages. A profit-sharing plan not only inspires employees to give their best effort, but it also instils in them a sense of accomplishment at work. This has secondary benefits such as fewer staff attrition and, as a result, less time and money spent on training new employees.
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Which sentences in the passage are true regarding the expenses involved in various stages of distribution?
Storing and maintaining goods in a warehouse is a major cost in the distribution channel. Normally, retailers bear the cost of warehousing. Selling expenses include the cost of transportation equipment, such as ships, trucks, and trains. Often, the retailer and manufacturer contribute to the expenses of store displays together, including end-of-the-aisle promotion.
Answers
Answer:
The answers are the first and last sentence - "Storing and maintaining goods in a warehouse is a major cost in the distribution channel." & "Often, the retailer and manufacturer contribute to the expenses of store displays together, including end-of-the-aisle promotion."
Explanation:
According to Edmentum:
Warehousing: In the distribution channel, storing and maintaining goods in a warehouse involves major cost. Normally, wholesalers and distributors bear the cost of warehousing.
Delivery expenses: These expenses include the cost of transportation equipment, such as ships, trucks, and trains. Wholesalers usually use courier services to deliver goods to retailers.
Selling expenses: Retailers use various strategies to boost the sales of products in their stores. Often, the retailer and manufacturer together contribute to the expenses of store displays, including end-of-the-aisle promotion.
According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?
Answers
The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.
Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:
Evaluation of the Night-light Data Method:
Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.Reasons for Differences between Traditional Expenditure Approach and Night-light Data:
Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.For such more question on economic:
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Max is a 14 year old dependent of his parents. During 2021, Max earned $1800 working part-time jobs, and received $1500 of interest income from corporate bonds that were given to him last year. What is Max's 2021 taxable income?
Answers
Answer: Max is a 14-year-old dependent of his parents. During 2019, Max earned $1,800 working part-time jobs, and he received $1,500 of interest income from corporate bonds that were given to him last year. What is Max's 2019 taxable income? How much of Max's income is subject to the Kiddie Tax?
* Note: Please provide the calculations for your answer. Thanks!!!
Explanation:
should be considered when choosing a location for your restaurant.
Answers
A major consideration to put in place before choosing a location for restaurant is the zoning rules.
What is meant by the term zoning rules?In simple terms it refers to the raws and regulation of a region or a small area, it also dictate how things can be done in terms of properties.
The zoning law is applicable to businesses, residential and commercial activities.
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Place each item in the correct category
perfect competition versus not perfect competition
Answers
Problem 9-3 Withholding Methods (LO 9.1) Sophie is a single taxpayer. For the first payroll period in July 2020, she is paid wages of $2,200 monthly. Sophie claims one allowance on her pre-2020 Form W-4. Click here to access the withholding tables. IRS Publication 15-T, Federal Income Tax Withholding Method Pay period 2020 Allowance Amount Weekly $ 83 Biweekly 165 Semimonthly 179 Monthly 358 Quarterly 1,075 Semiannually 2,150 Annually 4,300 Round intermediate computations and your final answer to two decimal places. a. Use the percentage method to calculate the amount of Sophie's withholding for a monthly pay period. Sophie's withholding: $fill in the blank 276f67fd3f97003_1 b. Use the wage bracket method to determine the amount of Sophie's withholding for the same period. $fill in the blank 92701d098054043_1 c. Use the percentage method assuming Sophie completed a 2020 Form W-4 and checked only the single box in Step 1(c). $fill in the blank 75763bf84f9d024_1 d. Use the wage bracket method using the same assumptions in part c of this question. $fill in the blank 73d4ce04b013fc1_1
Answers
TB MC Qu. 7-77 Corbel Corporation has two divisions: Division A and ... Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $47,700 for Division A. Division B had a contribution margin ratio of 35% and its sales were $231,000. Net operating income for the company was $27,200 and traceable fixed expenses were $59,700. Corbel Corporation's common fixed expenses were:
Answers
Answer:
Corbel Corporation's common fixed cost is $41,650
Explanation:
Division A contribution margin $47,700
Division B contribution Margin $80,850 $128,550
($231,000 * 35%)
Less: Traceable fixed cost $59,700
Operating Income $27,200 ($86,900)
Common fixed cost $41,650
This type of utility has to do with the multiple ways to pay for products or
services.
O Time
Place
O Possession
O Information
Answers
Answer:
Time
Explanation:
I've had this assignment in the past and if you need help jut ask me and have a great day brother!! :D
Magic Corporation manufactures water toys. It plans to grow by producing high-quality water toys that are delivered in a timely manner. There are a number of other manufacturers who produce similar water toys. Magic believes that continuously improving its manufacturing processes and re-engineering processes to downsize and eliminate excess capacity are critical to implementing its strategy. Which of the following best describes Magic's strategy?
A) product differentiation
B) product leadership
C) cost differentiation
D) cost leadership
Answers
Answer: D. Cost leadership
Explanation:
Magic's strategy in this case is cost leadership. Cost leadership is when a company produces ita product by using the lowest production cost and therefore has a competitive edge towards its rivals.
In a cost leadership strategy, the cost is reduced and the company therefore makes the least expensive goods in the industry and thus gain marhet share.
According to entrepreneur, Keith J. Davis, Jr., young people must wait until they are older to become entrepreneurs.
True or False
Answers
Answer:
False
Explanation:
False
A new manufacturing machine is expected to cost $278,000, have an eight-year life, and a $30,000 salvage value. The machine will yield an annual incremental after-tax income of $35,000 after deducting the straight-line depreciation. Compute the accounting rate of return for the investment.
Answers
Answer:
22.7 %
Explanation:
Accounting rate of return = Average Profits / Average Investments × 100
Where,
Average Profit = Sum of Profits ÷ Number of Years
= $35,000
and
Average Investment = (Initial Investment + Salvage Value) ÷ 2
= ($278,000 + $30,000) ÷ 2
= $154,000
Therefore,
Accounting rate of return = $35,000 ÷ $154,000
= 22.7 %
Which statement is true about the value of Dante’s assets and liabilities?
Answers
Answer:
He has $50,000 more in assets than in liabilities
Explanation:
For example, Let's say we know that Dante has $150,000 in capital and $ 50,000 in liabilities.
Dante's asset would be:
$150,000 - $ 50,000 = $100,000
Resource X is necessary to the production of good Y. If the price of resource X falls, the equilibrium price of Y will ______________ and the equilibrium quantity of Y will ________________.
Answers
Answer:
fall
rise
Explanation:
If the cost of resource x falls, it becomes cheaper to produce good y. This leads to an increase in supply of y. the supply curve of good y shifts out. As a result, equilibrium price falls and quantity rises
evaluate the effects of many sources of power in the economy
Answers
The four production factors—natural resources, labor, capital equipment, and entrepreneurship—are what largely determine a country's economic power if GDP per capita growth is the primary metric.
A variety of electricity sources can have distinct consequences on an economy. These power sources can include, among others, the government, businesses, labor unions, financial institutions, and consumer advocacy organizations.
Governments have the authority to influence economic policy through laws, regulations, and fiscal and monetary policies. Taxation, government spending, interest rates, and other elements that affect the broader economy can be impacted by these policies.
Investing in infrastructure, generating jobs, and promoting economic growth are all things that entrepreneurship can do. On the national economy and local communities, their decisions about employment, pay, investment, and production may have a big impact.
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Employee centered leader
Answers
Answer:
Employee centered leader behavior occurs when the leader is interested in developing a cohesive work group and in ensuring employees are satisfied with their jobs.
Answer:
employee centered leader behaviour occurs when the leader is interested in developing a cohesive work group and in ensuring employees are satisfied with their jobs
Explanation:
these tow styles of leader behaviour are believed to lie at the ends of a single continuum
Using activity-based costing to make decisions
Dino Dog Collars uses activity-based costing. Dino's system has the following features:
Predetermined Overhead
Activity
Allocation Base
Allocation Rate
Purchasing Number of purchase orders $ 65.00 per purchase order
Assembling Number of parts
0.36 per part
Packaging Number of finished collars
0.25 per collar
Each collar has four parts, direct materials cost is $9.00 per collar, and direct labor cost
is $4.00 per collar. Suppose Animal Hut has asked for a bid on 25,000 dog collars. Dino
will issue a total of 150 purchase orders if Animal Hut accepts Dino's bid.
Requirements
1. Compute the total estimated cost Dino will incur to purchase the needed materials
and then assemble and package 25,000 dog collars. Also compute the cost per collar.
2. For bidding, Dino adds a 40% markup to total cost. What total price will the
company bid for the entire Animal Hut order?
3. Suppose that instead of an ABC system, Dino has a traditional product costing
system that allocates indirect costs at the rate of $9.60 per direct labor hour. The dog
collar order will require 12,000 direct labor hours. What total price will Dino bid using
this system's total cost?
4. Use your answers to Requirements 2 and 3 to explain how ABC can help Dino
make a better decision about the bid price it will offer Animal Hut.
Answers
Dino Dog Collars calculates the cost of producing 25,000 dog collars using activity-based costing. The total estimated cost, cost per collar, and bid price are calculated with a 40% markup.
What is the importance of ABC to management decision making?ABC is an accounting methodology that assigns indirect costs to products or services based on the activities that generate those costs. Unlike traditional costing methods, which allocate indirect costs based on a single cost driver, ABC allocates costs based on multiple cost drivers, providing a more accurate picture of a product's or service's true cost. ABC's value to management decision making stems from its ability to provide more accurate and relevant cost information. Managers can use ABC to determine which activities are causing costs, where inefficiencies exist, and how to optimise processes to reduce costs and increase profitability. ABC assists managers in making informed pricing decisions by providing a better understanding of the true cost of products and services.
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you are planning to open a sandwich shop. you begin to think about the four functions of business—production, marketing, management, and finance. describe how each function will apply to your business. explain how the functions will work together to ensure you run a successful sandwich shop.
Answers
Answer:
Explanation:
In order to run a successful business each of these functions need to be present and functioning efficiently since each one depends on the other in order for the entire business to succeed. Production makes sure that the business has products to sell. Marketing makes sure that potential customers are aware of the products that the business sells. Finance makes sure that the pricing for those products, costs, and expenses (marketing) all lead to profitability when calculated. And finally, Management makes sure that all of these functions interact efficiently and are poised for success.
The functions will work together to ensure you run a successful sandwich shop:
Production guarantees that the company has the products for sale. Marketing ensures that potential customers know what products the company is selling. Treasury guarantees that calculating the pricing, costs, and costs (marketing) of these products will all lead to profitability. And finally, management ensures that all these features interact efficiently and are on the path to success.Learn more :
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100 pts
The table identifies how many thousands of units of corn and diamonds the United States and Congo can produce in one week. Use this data to answer the question that follows.
Corn
Diamonds
United States
60
10
Congo
20
5
Which statement is true based on the data table?
The United States should specialize in diamonds and trade for corn.
The United States should specialize in corn and trade for diamonds.
Congo should specialize in corn and trade for diamonds.
Congo should specialize in both corn and in diamonds.
Answers
Answer:
In view of the units of corn and precious stones delivered by the US, the open-door cost of creating corn is B. 10⁄60.
What is the open-door cost of delivering corn?
The open-door cost of delivering corn to the US would be the number of precious stones that are surrendered to make one unit of corn.
This can be found as:
= Units of jewels/Units of corn
= 10/60 jewels
All in all, choice B is right.
Answer:
B) The United States should specialize in corn and trade for diamonds.
Explanation:
I got it right on the test
The real exchange rate (RER) between two currencies is the product of the nominal exchange rate (the dollar cost of a euro, for example) and the ratio of prices between the two countries. The core equation is RER = eP*/P, where, in our example, e is the nominal dollar/euro exchange rate, P* is the average price of a good in the euro area, and P is the average price of the good in the United States.
Answers
Yes, that is correct. The real exchange rate (RER) is a measure of the relative price of goods and services between two countries.
It is calculated by dividing the nominal exchange rate (the price of one currency in terms of another) by the ratio of the price levels in the two countries. The RER is an important concept in international trade and finance because it affects the competitiveness of a country's exports and the cost of its imports. A high RER means that a country's goods and services are relatively expensive compared to those of other countries, which can make it harder to sell exports and can lead to a large trade deficit. A low RER, on the other hand, means that a country's goods and services are relatively cheap, which can make its exports more competitive and boost economic growth.
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The brand changes form part of a strategic plan the group conceived in September last year called Ekuseni (the Zulu word for “dawn”)”
“Pick n Pay and its new CEO are taking the fight to competitors in a strategy..”
“Pick n Pay yesterday launched a new strategic plan…”
Evaluate the proposed strategy that Pick n Pay is planning to implement, including in your evaluation, the potential risks attached to the proposed new strategy
Answers
Pick n Pay's proposed strategy, known as Ekuseni, aims to implement changes in their brand and take the fight to competitors. The strategy, conceived in September last year, focuses on strategic planning and was launched recently. While the strategy holds potential for success, there are risks associated with its implementation.
1. Pick n Pay's proposed strategy, called Ekuseni, includes changes to their brand and a competitive approach to rivals. This strategic plan was conceived in September last year, with the term Ekuseni referring to "dawn" in Zulu.
2. The strategy aims to revamp the brand image and position Pick n Pay as a strong competitor in the market. By taking the fight to competitors, the company intends to gain a competitive edge and attract more customers.
3. The launch of the new strategic plan indicates that Pick n Pay is committed to implementing this strategy and achieving its goals. It demonstrates the company's intention to adapt and stay relevant in the evolving market.
4. However, like any strategic plan, there are potential risks associated with its implementation. These risks include customer resistance to changes in the brand, increased competition from rivals, and potential financial strains due to the cost of rebranding and marketing efforts.
5. Customer resistance is a common risk when brands undergo significant changes. If the proposed strategy doesn't resonate with Pick n Pay's target market, it could lead to a decline in customer loyalty and affect sales.
6. Additionally, taking the fight to competitors may trigger retaliatory actions from rival companies. This could result in intensified competition, price wars, and potential market share loss for Pick n Pay.
7. Finally, implementing a new strategic plan involves financial investments. The cost of rebranding, marketing campaigns, and operational changes may strain the company's resources, potentially impacting its financial stability.
In conclusion, while Pick n Pay's proposed strategy holds promise for the company's growth and competitiveness, there are risks involved. Proper planning, market research, and effective execution will be crucial to mitigating these risks and ensuring the success of the strategy.
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