The US Navy is building an aircraft carrier. Price: $12 billion. There are about 300 million people in the US. Suppose half the population has a marginal benefit of this aircraft carrier equal to S100 each. The other half has a marginal benefit of the aircraft carrier equal to -$30 each. (That is, they'd be willing to pay up to $30 to NOT build the carrier.) Should the aircraft carrier be built?
Answers
To determine whether the aircraft carrier should be built, we need to compare the total marginal benefit (MB) with the cost.
Let's calculate the total marginal benefit first. Half of the population (150 million people) has a marginal benefit of $100 each, so their total marginal benefit is (150 million * $100) = $15 billion. The other half of the population (150 million people) has a marginal benefit of -$30 each, but since marginal benefit represents the willingness to pay, we'll consider it as zero for simplicity.
The total marginal benefit is $15 billion, which is greater than the cost of $12 billion to build the aircraft carrier. Therefore, based on this analysis, the aircraft carrier should be built. The total benefit exceeds the cost, indicating a positive net benefit for society.
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Related Questions
Chris contracts to buy 40 acres of land from Dee. If Dee breaches the contract, Chris normal remedy would be
Damages
Specific performance
Quasi contract
Reformation
Answers
D). Quasi contract and reformation are not likely to be relevant in this situation. Specific performance is a legal remedy in which a court orders the breaching party to perform their contractual obligation as promised.
Damages may also be available to Chris as a remedy, but it is not typically the first option in a contract dispute involving the sale of land. Damages refer to monetary compensation that the non-breaching party can seek to recover for any losses or harm suffered as a result of the breach.
Quasi contract is a legal theory in which a court can impose an obligation on a party to prevent unjust enrichment, even in the absence of an actual contract. Reformation, on the other hand, is a remedy in which a court can modify a contract to correct a mistake or error made by the parties.
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Why might some investors become careless about their portfolios ?
Answers
Interest payments on a loan can be a significant cost for a business. What happens if in a free market the demand for loans increases significantly?
Answers
In a free market, an increase in demand for loans can lead to higher interest rates due to the limited supply of loanable funds.
In a free market, interest rates are under pressure to rise if loan demand rises considerably. This is because there is a finite amount of money that can be borrowed, and lenders can raise interest rates on borrowers as demand for loans increases.
Higher interest rates may make borrowing more expensive for firms, which may discourage investment and impede economic expansion. As a result, companies could need to change how they approach borrowing, either by taking on less debt or looking for new funding options with lower interest rates.
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What happens to the area of a circle if the circumference is doubled?
A. The area is 1/2 of the original circle
B. The area is the same as the original circle
C. The area is 2 times the original circle
D. The area is 4 times the original circle
E. The area is 8 times the original circle
Answers
Answer:
Option C
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Answer:
Hello There!!
Explanation:
The answer is D. The area is 4 times the original circle.
hope this helps,have a great day!!
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Congratulation! You just won $10 million in the lottery. But instead of squandering your newfound wealth on luxury goods and a life of ease, you've decided to stay in town and be a financial friend to your neighbors, who are hardworking but never seem to have enough money to fix up their homes or buy decent cars. The best way, you decide, is to start a bank that will make home and car loans at attractive rates. On the day that you open your doors, the reserve requirement set by the Federal Reserve System is 10 percent. What's the maximum amount of money you can lend to residents of the town? What if the Fed raises the reserve requirement to 12 percent? Then how much could you lend? In changing the reserve requirement from 10 percent to 12 percent, what's the Fed trying to do -- curb inflation or lessen the likelihood of recession? Explain how the Fed's action will contribute to this goal.
Answers
Answer:
Distinguish among different types of financial institutions.
Explanation:
and the 10h12 The balance sheet of the Algonquin Company reported assets of $50,000, Babines of $22,000 and common stock of $15,000. Based on the information only, what the amount of retained eamings? Maple Choice Neph > PINY $7,000. $57,000 $13.000 $67,000 O
Answers
The amount of retained earnings is $13,000.
The amount of retained earnings can be calculated using the balance sheet formula which is
Assets = Liabilities + Equity.
It means that Retained earnings = Assets - Liabilities - Common stock - Preferred stock.
Using the provided information, we can calculate the amount of retained earnings as follows:
Assets = $50,000, Liabilities = $22,000, Common stock = $15,000, Preferred stock = 0,
Retained earnings = Assets - Liabilities - Common stock - Preferred stock
= $50,000 - $22,000 - $15,000 - $0= $13,000
Therefore, the amount of retained earnings is $13,000. Option C is the correct answer.
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When an advertising campaign for a new product is first launched, which type of advertising would be most helpful in building awareness?.
Answers
Answer:
Informative.
Explanation:
The following information is available to assist you in preparing a company's cash budget.
The cash balance on July 1 is $51,400.
Actual sales for May and June and expected sales for July are as follows:
May
June
July
Cash sales
$
71,600
$
80,200
$
88,600
Sales on account
$
420,000
$
580,000
$
652,000
Sales on account are collected over a three-month period as follows: 20% collected in the month of sale, 60% collected in the month following sale, and 18% collected in the second month following sale. The remaining 2% is uncollectible.
Purchases of inventory will total $287,000 for July. Thirty percent of a month’s inventory purchases are paid during the month of purchase. The accounts payable remaining from June’s inventory purchases total $160,000, all of which will be paid in July.
Selling and administrative expenses are budgeted at $501,000 for July. Of this amount, $92,300 is for depreciation.
A new web server for the Marketing Department costing $113,500 will be purchased for cash during July, and dividends totaling $10,000 will be paid during the month.
The company maintains a minimum cash balance of $20,000. An open line of credit is available from the company’s bank to increase its cash balance as needed.
Required:
1. Calculate the expected cash collections for July.
2. Calculate the expected cash disbursements for merchandise purchases for July.
3. Prepare a cash budget for July. Indicate in the financing section any borrowing that will be needed during the month. Assume that any interest will not be paid until the following month.
Answers
Based on the provided information, the expected cash collections for July are $581,620. The expected cash disbursements for merchandise purchases in July amount to $224,100. The cash budget for July shows that the company will need to borrow $66,700 during the month to maintain its minimum cash balance.
1. To calculate the expected cash collections for July, we need to consider the sales on account collection pattern. According to the information provided, 20% of sales on account are collected in the month of sale, 60% in the following month, and 18% in the second month following sale. The remaining 2% is uncollectible.
Using this information, we can calculate the expected cash collections for July as follows:
Cash collections from May sales on account: $420,000 × 18% = $75,600
Cash collections from June sales on account: $580,000 × 60% = $348,000
Cash collections from July sales on account: $652,000 × 20% = $130,400
Total expected cash collections for July: $71,600 (cash sales) + $75,600 (May sales on account) + $348,000 (June sales on account) + $130,400 (July sales on account) = $581,600.
2. The expected cash disbursements for merchandise purchases in July can be calculated as follows:
Purchases of inventory for July: $287,000
30% of June's inventory purchases paid in July: $160,000 × 30% = $48,000
Total expected cash disbursements for merchandise purchases in July: $287,000 + $48,000 = $335,000.
3. The cash budget for July incorporates the cash collections and disbursements along with other cash flows.
Starting cash balance on July 1: $51,400
Cash collections: $581,600
Cash disbursements: $224,100 ($335,000 for merchandise purchases - $48,000 paid from June's accounts payable - $92,300 for depreciation - $113,500 for the web server - $10,000 for dividends)
Net cash flow: ($51,400 + $581,600) - $224,100 = $408,900
Borrowings needed: $408,900 - $20,000 (minimum cash balance) = $388,900
Therefore, the cash budget for July shows that the company will need to borrow $388,900 to cover its cash requirements and maintain a minimum cash balance of $20,000.
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2. analyzing occupancy rates as you can see from the article in the prior problem, "rents hit all-time highs amid job growth and low vacancy rates," some people move out as a result of rent increases, while others are ready to pay an even higher rent. rent control adds yet another aspect by setting a ceiling on what the rental price can ultimately rise to. the supply and demand model can be used to illustrate the mechanism that leads to all these different market outcomes. consider the market for rental properties in los angeles and orange counties in southern california. suppose that while average earnings increased by about 10% in los ang
Answers
The demand for rental apartments and flats would increase, rent would go to an all-time high, and let's assume that average earnings in Los Angeles increased by around 10%.
What is meant by a pricing ceiling?The imposed maximum price a seller is allowed to keep for a good or service is known as a price ceiling. Price ceilings are often imposed to necessities like food and energy supplies when they become unaffordable for average customers. Price ceilings are typically established by law. In short, a price cap is a form of pricing control.
Who stands to gain from a price cap?The product will benefit those who are able to purchase it at the reduced price set by the price ceiling, but suppliers of will be in loss.
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On July 1, 2019, Beyonce company paid $1800 for six months of insurance coverage. No adjustments have been made to the prepaid insurance account, and it is now December 31, 2019. Prepare the journal entry to reflect expiration of the insurance of December 31, 2019.
Answers
Answer and Explanation:
The adjusting entries are shown below:
1. Insurance expense A/c Dr $1,800
To Prepaid insurance A/c $1,800
(Being prepaid insurance is adjusted)
Here the insurance expense is debited as it increased the expenses and credited the prepaid insurance as it decreased the assets so that the proper posting of the journal entry could be done
A tuck shop at the station has fixed costs of R3100 per week. They sell coffee at a fixed price of R28,00 each, while the production cost per cup of coffee is R20,00. Find the marginal revenue (MR) and marginal cost (MC)
Answers
The tuck shop earns R28.00 per cup as marginal revenue (MR) and incurs R20.00 per cup as marginal cost (MC), while fixed costs of R3100 per week are not directly related to MR and MC calculations.
The marginal revenue (MR) represents the additional revenue generated from selling one additional unit of a product. In this case, the tuck shop sells coffee at a fixed price of R28.00 per cup. Therefore, the marginal revenue for each cup of coffee sold is R28.00.
On the other hand, the marginal cost (MC) represents the additional cost incurred in producing one additional unit of a product. For the tuck shop, the production cost per cup of coffee is R20.00. Therefore, the marginal cost per cup of coffee is R20.00.
It is worth noting that the fixed costs of R3100 per week mentioned in the question are not directly related to the calculation of marginal revenue and marginal cost. Fixed costs are the costs that remain constant regardless of the level of production or sales.
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Analyse the impact impact of sexual harassment as an ethical misconduct on businesses
Answers
Sexual harassment's effects on businesses as an ethical breach It results in psychological stress and worry for those affected, and if left untreated, it can cost businesses a lot of money due to lost productivity.
In addition to crying, depression, memory issues, despondency, irritability, agitation, lack of interest, isolation, lack of confidence, and low self-esteem, victims of psychological harassment may also experience symptoms like fatigue, sleep disorders, stomach problems, loss of appetite, back pain, sweating, dizziness, tremors, and nausea.
Low self-esteem and dissatisfaction with one's job are frequently experienced. The victim of harassment thinks that his or her integrity and dignity have been violated. Exclusion from the workplace is a frequent occurrence for the harassed individual, and isolation at work has detrimental effects on one's health.
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How did the Voting Rights Act influence the use of gerrymandering quizlet?
Answers
The Voting Rights Act has been construed by states to suggest that it is occasionally essential to create districts that benefit minorities, such as North Carolina's 12th Congressional District.
How has the Voting Rights Act of 1965 impacted redistricting?Voting techniques and procedures that discriminate on the basis of race, color, or membership in a language minority group are outlawed nationally under Section 2 of the Voting Rights Act. This restriction includes redistricting plans.
The results of state and House of Representatives elections have an impact on the presidential election due to gerrymandering. Since districts are irrelevant in presidential and senate contests, they are unaffected.Districts governed by historically marginalized people are aided through gerrymandering.
The manipulation could take the form of "cracking," which involves spreading out the supporters of the opposing party across several districts, or "packing," which involves concentrating the followers of the opposing party in one district in order to lessen their influence in other districts. Additionally, incumbents may benefit from gerrymandering.
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Which of the following is not a dimension of service quality?
a. Tangibles
b. Reliability
c. Responsiveness
d. Assurance
e. Sympathy
Answers
The correct answer is (e) Sympathy.The dimensions of service quality are the key attributes that customers use to evaluate service quality.
The most commonly used dimensions of service quality are:
a. Tangibles: Physical facilities, equipment, and appearance of personnel.
b. Reliability: Ability to perform the promised service dependably and accurately.
c. Responsiveness: Willingness to help customers and provide prompt service.
d. Assurance: Knowledge and courtesy of employees and their ability to inspire trust and confidence.
These dimensions were originally identified by A. Parasuraman, Valarie A. Zeithaml, and Leonard L. Berry in their SERVQUAL model, which is widely used to measure service quality.
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The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31.
MOTO HOTEL
Trial Balance
May 31, 2017
Debit Credit
Cash $ 2,333
Supplies 2,600
Prepaid Insurance 1,800
Land 14,833
Buildings 71,200
Equipment 16,800
Accounts Payable $ 4,533
Unearned Rent Revenue 3,300
Mortgage Payable 37,200
Common Stock 59,833
Rent Revenue 9,000
Salaries and Wages Expense 3,000
Utilities Expense 800
Advertising Expense 500
$113,866 $113,866
Other data:
Insurance expires at the rate of $360 per month.
2. A count of supplies shows $1,150 of unused supplies on May 31.
3. (a) Annual depreciation is $3,600 on the building.
(b) Annual depreciation is $3,000 on equipment.
4. The mortgage interest rate is 5%. (The mortgage was taken out on May 1.)
5. Unearned rent of $2,630 has been earned.
6. Salaries of $750 are accrued and unpaid at May 31.
Journalize the adjusting entries on May 31.
Answers
Okay very school thank s
Mel's Diner is a popular café that specializes in home-cooked meals, friendly service, and a menu that contains vegan and vegetarian dishes (menu items that no other restaurant in the area offers). Mel's Diner is engaging in strategic positioning by offering the unique menu items of vegan and vegetarian dishes.
i. True
ii. False
Answers
Answer:
true
Explanation:
Brown Cow Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $19,000; (2) up to 120 days past due, $5,000; and (3) more than 120 days past due, $3,000. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 2 percent, (2) 11 percent, and (3) 30 percent, respectively. At December 31 (end of the current year), the Allowance for Doubtful Accounts balance is $830 (credit) before the end-of-period adjusting entry is made. Data during the current year follow: a. During December, an Account Receivable (Patty's Bake Shop) of $780 from a prior sale was determined to be uncollectible; therefore, it was written off immediately as a bad debt. b. On December 31, the appropriate adjusting entry for the year was recorded. Required: 1. Give the required journal entries for the two items listed above. 2. Show how the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year. Disregard income tax considerations.
Answers
Answer:
1a. Dec-31
Dr Allowance for doubtful accounts $780
Accounts receivable (Patty's Bake Shop) Cr $780
1b . Dec-31
Dr Bad debt expense $1,000
Cr Allowance for doubtful accounts $1,000
2a. Bad debt expense $1,000
2b. Doubtful accounts $25,170
Explanation:
1. Preparation of the journal entries
First step is to adjust for estimated bad debt expense for current year
Aged Accounts Receivable Estimated Percentage Uncollectible Estimated Amount Uncollectible
Not yet due 19,000* 2%= $380
Up to 120 days past due 5,000*11%=$550
Over 120 days past due 3,000*30%=$900
Estimated balance in allowance for Doubtful Accounts $1,830
Less Current balance in allowance for Doubtful Accounts ($830)
Bad Debt Expense for the year $1,000
($1,830-$830)
Now let prepare the Journal entry:
1a. Dec-31
Dr Allowance for doubtful accounts $780
Accounts receivable (Patty's Bake Shop) Cr $780
(To record Write off accounts receivable)
1b. Dec-31
Dr Bad debt expense $1,000
Cr Allowance for doubtful accounts $1,000
(To record allowance of doubtful account)
2aCalculation to Show how the amounts related Bad Debt Expense would be reported on the income statement and balance sheet for the current year.
BROWN COW DAIRY COMPANY
Income Statement (Partial)
As of December 31
Operating expenses:
Bad debt expense $1,000
2b. Calculation to Show how the amounts related to Accounts Receivable would be reported on the income statement and balance sheet for the current year.
BROWN COW DAIRY COMPANY
Balance Sheet (Partial)
As of December 31
Current assets:
Accounts receivable (Patty's Bake Shop) $27,000
(Less)Allowance for doubtful accounts ($1,830)
Accounts receivable, net of allowance for Doubtful accounts $25,170
Accounts receivable =$ 19,000+$5,000+$3,000 Accounts receivable =$27,000
Allowance for doubtful accounts = $380+$550+$900
Allowance for doubtful accounts = $1,830
Therefore the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the income statement and balance sheet for the current year will be :
Bad debt expense $1,000
Doubtful accounts $25,170
The December 31, 2018, balance sheet of Justin’s Golf Shop, Inc. , showed current assets of $1,155 and current liabilities of $940. The December 31, 2019, balance sheet showed current assets of $1,370 and current liabilities of $1,045.
What was the company's 2019 change in net working capital, or NWC?
Answers
The company's 2019 change in Net working capital will be $150.
The difference between current assets and current liabilities on a company's balance sheet is known as net working capital, or NWC. It serves as a gauge of a company's liquidity and capacity to pay short-term debts and fund ongoing operations.
The computation of change in net working capital is shown below:
Change in net working capital
= (Current assets in the year 2019 - current assets in the year 2018) - (Current liabilities in the year 2019 - current liabilities in the year 2019)
= ($1,370 - $1,155) - ($1,045 - $940)
= $255 - $105
= $150
We simply take the difference between current assets and current liabilities and then subtract it from each other.
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Speculative demand for money is a(n)? inverse function of prices. positive function of interest rates. inverse function of interest rates. positive function of prices.
Answers
Speculative demand for money is a positive function of interest rates.
The speculative demand for money refers to the desire of individuals or investors to hold money as an asset for speculative purposes, such as taking advantage of potential changes in asset prices or interest rates. It is based on the expectation of earning a higher return by holding money compared to alternative investments.
In the context of the demand for money, interest rates play a crucial role. When interest rates are high, the opportunity cost of holding money increases because individuals can potentially earn a higher return by investing in other assets or financial instruments. As a result, the speculative demand for money decreases as individuals find it more attractive to invest in interest-bearing assets rather than holding money.
On the other hand, when interest rates are low, the opportunity cost of holding money decreases. Individuals may find it less rewarding to invest in other assets, and therefore, the speculative demand for money increases. They may choose to hold money to wait for more favorable investment opportunities or to avoid the risks associated with other investments during uncertain or volatile market conditions.
In summary, the speculative demand for money is a positive function of interest rates. As interest rates increase, the speculative demand for money decreases, and as interest rates decrease, the speculative demand for money increases.
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Speculative demand for money is a(n)?
inverse function of prices. positive function of interest rates. inverse function of interest rates. positive function of prices.On January 1, 2018, Denver Services issued $20,000 of 8% bonds that mature in five years. The bonds were issued for $19,000. The bonds pay interest on June 30 and December 31. Prepare the journal entry to issue bonds and interest payment on June 30, 2018.
Answers
The journal entry to issue bonds and make an interest payment on June 30, 2018, for Denver Services is as follows:
On January 1, 2018:
Cash (Dr) $19,000
Discount on Bonds Payable (Dr) $1,000
Bonds Payable (Cr) $20,000
On June 30, 2018:
Interest Expense (Dr) $800
Discount on Bonds Payable (Dr) $200
Cash (Cr) $1,000
On January 1, 2018, Denver Services issued $20,000 of 8% bonds that mature in five years. The bonds were issued for $19,000, which means there was a $1,000 discount on the bonds. To record the bond issuance, Cash is debited for the amount received ($19,000), and the Discount on Bonds Payable account is debited for the discount amount ($1,000). Bonds Payable is credited for the face value of the bonds ($20,000).
On June 30, 2018, the first interest payment date, Interest Expense is debited for the interest accrued on the bonds ($800), calculated as $20,000 × 8% × 6/12. The Discount on Bonds Payable account is debited for the amortization of the discount ($200), which is calculated as $1,000 × 6/30 (since 6 months have passed since the bond issuance). Cash is credited for the total interest payment ($1,000), which is calculated as $20,000 × 8% × 6/12.
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Mark bought a house 200 m from an apparently abandoned railway that passes through the salt flats of Salar de Uyuni in Bolivia. One evening a small locomotive (with no carriages) passed along the track at approximately 10 kilometres per hour. At Mark’s house the decibel level resulting from the passing locomotive reached a maximum of 60 dB. A short time later the locomotive passed Mark’s neighbours house which is one kilometre down the track. If John’s house is 400 m from the railway – i.e. twice as far away as Mark’s house – calculate the sound level in decibels as the locomotive passed by it.
Answers
The sound level at John's house would be 54 dB (60 dB - 6 dB) as the locomotive passes by. The sound level in decibels as the locomotive passed by John's house, which is twice as far away from the railway as Mark's house, can be calculated.
The sound level in decibels decreases with increasing distance from the sound source. According to the inverse square law, the sound intensity decreases inversely with the square of the distance. In this case, John's house is twice as far away from the railway as Mark's house.
Since the sound level is measured on a logarithmic scale, a doubling of the distance results in a 6 dB decrease in sound level. Therefore, if the maximum decibel level at Mark's house was 60 dB when the locomotive passed, at John's house, which is twice the distance from the railway, the sound level would be 6 dB lower.
This calculation assumes that there are no other factors significantly affecting the sound propagation, such as obstacles or terrain variations, which could influence the sound level.
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What might be the short run impact of a completely open immigration policy that allowed labor to move freely across the U.S. border
Answers
Answer:
it will be harder to stop drugs and illegal weapons from coming into the US due to the fact that there would be no checks and if there was it would be easier to scope out the people with and without identification
Financial institutions pay___
to you for letting them use your money.
A. maintenance costs
B. interest
C. penalties
D. fees
Answers
Answer: B
Explanation: I work for a bank.
Financial institutions pay interest to a person for letting them use the money of any other person or institutions.
What are the financial institutions?Financial institutions are also called as the banking institutions that provide the finance to the person who needs it, and these institutes are business concern entities that render employments as intermediators for different kinds of financial monetary system transactions.
For allowing a person to use the money of another person or entity, financial institutions pay interest.
Therefore, option B is correct.
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In
, people invest money in a company in exchange for the company’s
.
Answers
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
What are loans to government and companies? please hellppzz
Answers
Answer:
loans for a company is when they pull out more money than they have then using it and it has to be repaid
Explanation:
Prepare an example of two competing suppliers (fictitious) who have different total landed costs (TLC) for their product at the purchaser’s location.
In your example, please include a variety of "hidden" procurement costs. Also, ensure that you add logistics costs as well. Logistics can include warehousing costs if you wish.
Do not include the input costs to each supplier. Just include:
Product price to the customer
Logistics price to the customer
Hidden costs incurred by the customer
The numbers and values for your product and the logistics/warehousing costs can be made up, as will be the hidden costs. However, in your discussion, you will explain why the costs exist as they are presented.
Provide a suggestion for the purchasing company as to which supplier they should select. Hidden and logistics costs will be part of the Strategic Sourcing decision. The more elements of Strategic Sourcing you add, the better you are showing that you understand that Strategic Sourcing is not just about the basic product price. Basic product pricing is only part of the TLC.
This assignment requires some thinking and time to complete. If you complete this assignment really quickly, you've probably missed lots of the TLC issues.
Please submit a Word document as follows:
Answers
In this example, Supplier A offers a lower product price, free shipping, warehousing services, higher product quality, and responsive customer service, making it the preferable choice despite the slightly higher initial price.
Example:
In this fictitious example, let's consider a purchasing company that is evaluating two competing suppliers for a specific product. Supplier A offers the product at a price of $10 per unit, while Supplier B offers it at a slightly higher price of $12 per unit. However, when evaluating the total landed costs (TLC) at the purchaser's location, several factors come into play.
Logistics and warehousing costs are important components to consider. Supplier A offers free shipping and warehousing services, which means the customer incurs no additional logistics costs or warehousing expenses. On the other hand, Supplier B charges a shipping fee of $1 per unit and does not provide warehousing services, resulting in additional logistics costs for the customer.
Hidden procurement costs also impact the total landed costs. Supplier A has a reputation for delivering high-quality products consistently, resulting in lower product defects and returns. In contrast, Supplier B has a higher rate of product defects, which leads to increased costs associated with returns, rework, and customer dissatisfaction.
Furthermore, Supplier A has a reliable and responsive customer service team that promptly addresses any issues or concerns. This helps the purchasing company save time and avoid potential disruptions, reducing hidden costs associated with delays and communication breakdowns.
Considering all these factors, the purchasing company should select Supplier A despite the slightly higher product price. Supplier A offers lower total landed costs due to free shipping, warehousing services, and lower hidden costs related to product defects and customer service.
By choosing Supplier A, the company can benefit from reliable product quality, streamlined logistics, and efficient customer support, ultimately resulting in cost savings and overall business success.
This example demonstrates that strategic sourcing decisions should consider not only the basic product price but also logistics costs, hidden procurement costs, product quality, and customer support to determine the most cost-effective and beneficial supplier option.
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a.
3. A written communication between two departments of a company would be made by:
Letter
b. Memo
Intercom
d. Viewdata
C.
Answers
internet service providers
A 10-year term life policy will cost ____ a 5-year renewable term policy during the early years of the 10-year period, other factors being equal.
Answers
Answer:
10 year term policy will cost more then a 5 year renewable term policy
how has the right to education addressed to differently able persons?How far is it appropriate to keep such provision with view of justice?Present your logics.
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Answer:
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Explanation:
i think this is answer right
What is the first step in quality control? A) To take corrective action when standards have not been met B) To collect data to determine whether standards have been met C) To determine criteria and standards D) To determine who will measure the standard
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The first step in quality control is C) To determine criteria and standards.
This is important because without knowing what the standards and criteria are, it is impossible to measure whether they have been met or not. Once these have been established, data can be collected and corrective action can be taken if necessary. However, the first step is always to determine what the standards are and what criteria will be used to measure them.
Quality control (QC) is a process by which entities review the quality of all factors involved in production. ISO 9000 defines quality control as "A part of quality management focused on fulfilling quality requirements". Quality control focuses on improving the processes to deliver products and services that meet (or exceed) customer expectations.
This includes the review of both product and process parameters and can include activities such as inspection, testing, and auditing. Quality control helps to prevent the delivery of products or services that do not meet the specified requirements.
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