The name for legal, technological, and market forces that discourage or prevent potential competitors from entering a monopoly market is known as barriers to entry.
These barriers can include patents, limited pricing, cost advantages, advertising and marketing, and government regulations.
• Patents: A patent keeps an invention the property of the inventor for a number of years thus granting them the sole right to exclude others from making, using, or selling that invention.
• Limited pricing: Firms may adopt predatory pricing policies by lowering prices to a level that would force any new entrants to operate at a loss.
• Cost advantages: This is when an incumbent firm can lower costs, perhaps through experience of being in the market for some time, which allows them to cut prices and win price wars.
• Advertising and marketing: Developing consumer loyalty by establishing branded products can make a successful entry into the market by new firms much more expensive. This is particularly important in markets such as cosmetics, confectionery, and the motor car industry.
•Government regulations: These barriers include: economies of scale that lead to natural monopoly; control of a physical resource; legal restrictions on competition; patent, trademark, and copyright protection; and practices to intimidate the competition like predatory pricing.
Hence, the right answer is barriers to entry.
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list and explain 3 non price factors affecting demand market of iPhone.
list and explain 3 non price factors affecting supply market of iPhone
Non price factor affecting demand market of iPhone:
Product design and featuresBrand reputationAdvertising and marketingThree non-price factors that can affect the supply of iPhones include:
Production costsGovernment regulationsAvailability of componentsNon price factor affecting demand market of iPhoneProduct design and features: The design and features of the iPhone, such as its camera quality, screen size, and overall aesthetic, can greatly affect consumer demand. For example, if a new iPhone model is released with improved camera capabilities, this may increase demand for the product.Brand reputation: The reputation of the iPhone brand can also affect demand. Apple has a strong reputation for producing high-quality, innovative products, which can drive consumer demand for the iPhone.Advertising and marketing: The way that the iPhone is marketed and advertised can also affect demand. If Apple launches a successful advertising campaign for a new iPhone model, this may increase demand for the product.Three non-price factors that can affect the supply of iPhones include:Production costs: The costs associated with producing iPhones can affect the supply of the product. If production costs increase, the supply of iPhones may decrease.Government regulations: Government regulations can also affect the supply of iPhones. For example, if a government imposes tariffs on imported electronics, this may increase the cost of producing iPhones and decrease the supply of the product.Availability of components: The availability of components used in the production of iPhones can also affect supply. If a key component becomes scarce or unavailable, this may affect the ability of manufacturers to produce iPhones, and thus affect the supply of the product.Read more on demand and supply here: https://brainly.com/question/4804206
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Pompeii, Inc., has sales of $53,000, costs of $24,200, depreciation expense of $2,550, and interest expense of $2,300. If the tax rate is 24 percent, what is the operating cash flow, or OCF
Answer:
$23,052
Explanation:
The computation of operating cash flow is shown below:-
Before that we have to determine the net income which is
Income statement
Sales $53,000
Cost ($24,200)
Depreciation ($2,550)
EBIT $26,250
Interest expense ($2,300)
Earnings before tax $23,950
Tax (5,748)
(24% × $23,950)
Net income $18,202
Now,
Operating cash flow = EBIT + Depreciation - Tax
= $26,250 + 2,550 - $5,748
= $23,052
PART 1
It is now January. The current interest rate is 5% per annum annual compounding. The June future price for gold is $1846.30, while the December future rice is $1860.00. Find a strategy to explore the arbitrage opportunity.
Part II.
Suppose that the spot price of the euro is currently $1.5 USD. The one-year futures price is $1.55 USD. Is the interest rate higher in the United States or the euro zone? Justify your answer.
Part III.
OneAsx has just introduced a single-stock futures contract on Arandex stock, a company that currently pays no dividends. Each contract calls for delivery of 1,000 shares of stock in one year. The T-bill rate is 6% per year annually compounded and Arandex stock currently sells at $120 per share. If the Arandex price drops by 3%, what will be the change in the future price and the change in the investors’ margin
Part 1: To explore the arbitrage opportunity between the June and December future prices for gold, we can use a strategy called cash-and-carry arbitrage. Here's how it works:
Borrow money at the current interest rate of 5%.
Use the borrowed money to buy gold at the June future price of $1846.30.
Hold the gold until December.
Sell the gold at the December future price of $1860.00.
Repay the borrowed money with the interest accrued over the period.
By executing this strategy, you can lock in a risk-free profit. The profit can be calculated as the difference between the selling price in December and the cost of borrowing the money to purchase the gold in June, taking into account the interest accrued over the period.
Part 2:
To determine whether the interest rate is higher in the United States or the euro zone, we can compare the spot price of the euro with the one-year futures price.
If the one-year futures price is higher than the spot price, it implies that the interest rate is higher in the euro zone. This is because investors are willing to pay a premium (higher future price) to buy the euro in the future, expecting it to appreciate.
If the one-year futures price is lower than the spot price, it implies that the interest rate is higher in the United States. In this case, investors are willing to sell the euro at a discount (lower future price) because they expect it to depreciate.
In the given scenario, the one-year futures price of the euro is $1.55 USD, higher than the spot price of $1.5 USD. Therefore, we can conclude that the interest rate is higher in the euro zone.
Part 3:
Since Arandex stock pays no dividends, the change in the future price and the change in the investor's margin will be determined by the change in the stock price itself.
If the Arandex stock price drops by 3%, the future price is expected to reflect this change. However, the exact change in the future price and the impact on the investor's margin will depend on the specific terms and conditions of the single-stock futures contract offered by OneAsx.
Typically, a drop in the stock price would result in a decrease in the future price, leading to a potential loss in the investor's margin. The exact calculation of the change in the future price and the impact on the margin would require additional information such as the initial margin requirement and any margin maintenance requirements specified by the exchange or broker.
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Banks do not hold a lot of their assets in the form of cash mainly because of:
a. regulation.
b. the fear of being robbed.
c. the opportunity cost of holding cash, cash does not earn interest.
d. it can encourage employee theft.
Banks do not hold a lot of their assets in the form of cash mainly because of the opportunity cost of holding cash, cash does not earn interest. The correct option is C.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
The interest that could have been made if the cash had been used to buy bonds instead is the opportunity cost of keeping any money balance.
Therefore, due to the opportunity cost of holding cash and cash does not earn interest banks does nor prefer to hold a lot of their assets in the form of cash .
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2. Maquan has to write a paper for his English class , which is due Tuesday . He waits until Monday at 9pm to get started . He no longer has the ability to ask his teacher for help . This is an example of
A. Procrastination
B. Spontaneity
C. Compliance
D. Synthesis
Answer:
Explanation:
It's procrastination.
Procrastination is the act of putting off till tomorrow what should be done as soon as you know about it. Most people really do procrastinate. They have a growth. What wants to find out about that?
They wait to see a doctor. Who needs to find out about Cancer?
Students get papers to write. The subject is complex and requires a lot of reading. Who wants to do that when there's a touch football game (both sexes playing) outside just waiting to be enjoyed. Who needs all those footnotes?
1) Wonderpillow is the trading name used by Alan. The business has long-term liabilities of £100 000, non-current assets of £289 770 and current assets of £124 400. The total of current liabilities less current assets is £3 340. What is the total for equity?
2) Ben is a sole trader selling candles from a chain of 18 retail shops. Shortly after Christmas, he is comparing his business’s performance in December with that of the leading candle retailers. Recently published statistics show that the leading retailers made 26.2% gross profit and 9.8% net profit in the month.
Ben’s opening inventory was £4 200 200 and closing inventory was £1 230 400. He purchased inventory valued at £17 206 300 during December and his revenue was £26 500 000.
On the basis of his actual cost of sales in December, what would Ben’s revenue have been, to the nearest £, if he had achieved the same gross profit margin as that of the leading candle’s retailers?
3) Which of the following statements about depreciation are correct?
A. Depreciation is a way of allocating the cost of a non-current asset to the accounting periods that benefit from its use.
B. Depreciation helps to set aside sufficient cash to buy a replacement once the asset is worn out.
4) Beata buys a new notebook on 1 July 2014 for £1872. She does not expect it to have any residual value in four years’ time, at which point she plans to replace it. She depreciates such assets on the straight-line basis, charging depreciation for each full month of ownership. What is the carrying amount (the cost of an asset less accumulated depreciation) of the till at Beata’s year end on 31 October 2015?
The total for equity of Wonderpillow is £10,230.2. Actual cost of sales is (opening inventory + purchase of inventory - closing inventory), which is (£4,200,200 + £17,206,300 - £1,230,400) = £20,176,100.
Gross profit percentage is 26.2%, which means Gross Profit = 26.2% × £20,176,100 = £5,292,902 Net profit percentage is 9.8%, which means Net Profit = 9.8% × £20,176,100 = £1,976,638. Deducting the cost of goods sold (which is £20,176,100 - £5,292,902 = £14,883,198) from the revenue gives the gross profit earned, which is £11,617,802. Now using the formula Gross Profit / Revenue = Gross Profit Percentage, we have £11,617,802 / Revenue = 26.2% Solving for revenue gives:Revenue = £44,393,321 (to the nearest £). Therefore, Ben’s revenue would have been £44,393,321 if he had achieved the same gross profit margin as that of the leading candle’s retailers.3. The correct statements about depreciation are:
A. Depreciation is a way of allocating the cost of a non-current asset to the accounting periods that benefit from its use.
B. Depreciation helps to set aside sufficient cash to buy a replacement once the asset is worn out.4. Straight-line depreciation is calculated as cost of asset / useful life in months. The useful life is 48 months since it will last four years (from 1 July 2014 to 30 June 2018). For the year ended 31 October 2015, the asset would have been owned for 16 months (July 2014 to October 2015) thus, the depreciation expense for the year is £1872 / 48 months × 16 months = £624. Finally, the carrying amount at the year-end is the cost of the asset less accumulated depreciation, which is £1,872 - £624 = £1,248. Answer: The carrying amount of the notebook at Beata’s year end on 31 October 2015 is £1,248.
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true or false: sending emails is an outdated and relatively unused practice when it comes to launching a product.
False, sending emails is not an old and little-used strategy for introducing a product.
The thing being sold is called a "product." An item or service can be considered a product. Physical, virtual, or cyberspace forms are all product possible. Every good has a price because it costs money to strategy produce it. The market, quality, marketing, and targeted market segment all affect the price that can be charged. Every product has a shelf life after which it needs to be replaced and a life cycle after which it needs to be redesigned. To make a brand more applicable to the market and the times, in FMCG parlance, it can be extended, relaunched, or revamped.
A product must be applicable; users must find immediate use for it. A product must have the functionality and quality to carry out its intended function.
It's important to communicate a product's benefits to users and potential users so they understand why they should use it and how it will improve strategy their lives. This is best achieved through marketing and "brand building."
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1. If you were going to buy a fuel-efficient car, which three would you consider? Why? Answer:
Answer:
Ford Fusion, Toyota Corolla and BMW i3
Explanation:
Fuel economy and fuel efficiency is one of the most important thing to consider when buying a car.
In United States, nearly 8 thousand gallons of petroleum are consumed by cars everyday. This cost a lot to the people's purse and most importantly it costs the atmosphere.
When we burn or use more fuel, the atmosphere gets more polluted by the exhaust of the fuel burning, and the world oil supply is depleting faster. This results in the rise of gasoline price. Thus, it is very necessary to plan before buying cars.
I would consider the cars Ford Fusion, Toyota Corolla and the BMW i3 while planning to buy a car because they are the most fuel efficient cars available in the U.S. They are also equipped with latest technology like cruise control which reduces the fuel consumption of the car.
The 2020 Ford fusion is a 6 speed automatic front wheel drive which gives the best driving experience and less energy wastage.
Banks are a stabilizing force in our entire financial system. Discuss two of the three primary function of the banking system.
Answer: Banks transfer money from savers to borrowers by holding deposits and lending excess reserves. Banks also create money by making loans of excess reserves.
Explanation: Those are two primary functions.
The banks function in three ways as transfer money from savers hold deposits, and make money by giving loans.
What is a banking system?A banking system is one that is a group or a network of institutions that provides financial services to people. The banking system includes the provision of loans, deposits, and helping investments.
The bank transfers the money from the savers to borrowers by holding the deposits and lending the excessive transfer of reserves.
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a printed price of a manufacturer or wholesaler that is subject to trade discounts is called
A printed price of a manufacturer or wholesaler that is subject to trade discounts is called a list price.
The list price serves as a reference point for retailers and distributors to calculate their actual purchase cost. Trade discounts are offered to incentivize bulk purchases, maintain good business relationships, and promote the sale of specific products. These discounts are typically provided as a percentage of the list price and can vary depending on factors such as order volume, customer type, and market conditions.
The actual price paid by the retailer or distributor after applying the trade discount is known as the net price. By offering trade discounts, manufacturers and wholesalers can encourage larger orders, improve cash flow, and maintain a competitive edge in the market.
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Because better weather makes farmland more productive, farmland in regions with good weather conditions is more expensive than farmland in regions with bad weather con- ditions. Over time, however, as advances in technology have made all farmland more productive, the price of farmland (adjusted for overall inflation) has fallen. Use the concept of elasticity to explain why productivity and farmland prices are positively related across space but negatively related over time.
Answer:
The price of farmland is actually very stable, although it has slightly decreased in the last few years. But the decrease is not because farmland is more or less productive, but because the price of crops decreased a lot in the last 4 years. Do to president's Trump trade wars, the demand for US crops fell dramatically. This hurt farmers a lot, not because the price of their land decreased, but because their revenues collapsed. A farm is just like any other business, if the cash flows decrease by 30 or 40%, it is normal that the price of the business will decrease.
Actually the price of farmland didn't decrease as much as their cash flows. Each farmer probably lost at least 30% of their total revenues, but the price of the land only decreased by 0.8% on average. This happens because the supply of land is extremely inelastic. You cannot just make more farmland, it doesn't work that way.
As productivity increases, the price of farmland increases also. But on the long run, as the prices and productivity increases, new technologies increase productivity even more, diminishing the amount of farmland needed to produce the same output. Farmland productivity has increased a lot in the past decades, which has increased total food production. The problem is that as more food is supplied, its price goes down. This results in prices of farmland decreasing over time due to technological break troughs.
This only happens in some countries like the US, Canada, Brazil, Argentina, and a few others where farmland is extremely abundant and the population per square mile is very low. In other places, e.g. south east Asia, where people are packed like sardines, the price of land hasn't stop rising and will continue to rise because the demand is much higher than the supply.
f(K,L)=A×K^0.5×L^0.5
If the level of total factor productivity is 8, the labor input is 25 units, the capital input is 100 units, what is the total amount of output?
What is the marginal product of capital at this point of the production function?
The marginal product of capital at this point of the production function is 0.2.
To calculate the total amount of output, we can use the given production function:
F(K, L) = A × \(K^{0.5}\) × \(L^{0.5}\)
where A is the total factor productivity, K is the capital input, and L is the labor input.
Given:
A = 8
L = 25 units
K = 100 units
Substituting the values into the production function:
F(K, L) = 8 × \(100^{0.5}\) × \(25^{0.5}\)
Calculating the square roots:
F(K, L) = 8 × 10 × 5
F(K, L) = 400
Therefore, the total amount of output is 400 units.
To calculate the marginal product of capital at this point of the production function, we need to differentiate the production function with respect to capital (K) and evaluate it at the given values of K and L.
Taking the partial derivative of the production function with respect to K:
∂F/∂K = 0.5 × A × \(K^{0.5}\) × \(L^{0.5}\)
Substituting the given values:
∂F/∂K = 0.5 × 8 × \(100^{0.5}\) × \(25^{0.5}\)
Calculating the square roots and simplifying:
∂F/∂K = 0.5 × 8 × 0.1 × 5
∂F/∂K = 0.2
Therefore, the marginal product of capital at this point of the production function is 0.2.
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explain why investors might compare the interest rate on a long-term bond with the expected future interest rates on short-term bonds
Long-term bonds are more susceptible to interest rate risk than short-term bonds for two main reasons: Interest rate increases are more likely to occur over a longer time period than over a shorter one.
Which will negatively effect the market price of bonds. Long-term bonds typically offer higher coupon rates than short-term bonds of the same credit rating in order to cover investors for this interest rate risk. Positive correlation exists between short- and long-term interest rates. More changes occur in short-term interest rates than in long-term interest rates. Bonds with longer maturities have more market volatility than those with shorter maturities.
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how can we balance brought forward from last month cash 295 bank 4240
In accounting, the term “balance brought forward” refers to the balance of an account at the end of a period (such as a month) that is carried forward to the next period 1. For example, the balance brought forward on a bank statement would be the balance at the end of the previous month 2. To balance brought forward from last month's cash 295 banks 4240, one would need to consider all transactions that occurred during the month and record them accordingly.
the market value of kennedy corporation's common stock is $100 per share when it declares a 20% stock dividend on its 10,000 shares outstanding of $1 par value common stock. the entry to record this small stock dividend involves a .
the market value of Kennedy corporation's common stock is $100 per share when it declares a 20% stock dividend on its 10,000 shares outstanding of $1 par value common stock. the entry to record this small stock dividend involves a . Credit to Additional Paid-in Capital for $198,000.
What is Stock?
A stock usually referred to as equity, is a type of investment that denotes a little portion of a company's ownership. A share is a small piece you own when you buy stock from a company; you become a shareholder when you do so.
Companies have the option of issuing their stock shares publicly or privately. Accreditation is not necessary to invest in equities that are listed on public markets like the New York Stock Exchange or Nasdaq, but accredited investors are often the only ones who may purchase private shares.
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What does the Texas Privacy Act require that police
show in order to use a drone to
"search"
over someone's
property? Is this standard the same or different as
required in the Constitution?
What must police show in order to perform a search or
seizure within the requirements of the Constitution? For
example, what must police show in order to obtain a
search warrant (i.e., probable cause v. reasonable
suspicion)?
What does the Texas Privacy Act require that police
show in order to use a drone to
"search"
over someone's
property? Is this standard the same or different as
required in the Constitution?
The first 10 amendments to the Constitution are called
the Bill or Rights. Does the
"Texas Privacy Act'
a.k.a.
the Texas Drone Act violate our Civil Liberties? If so,
why?
Do you believe that if a case involving the Texas Privacy
Act went all the way to the U.S. Supreme Court, that it
would be upheld or struck down as Unconstitutional?
What if police discovered a dog fighting ring while
searching using the drone? Is it a legal search? Why or
why not?
Please copy and paste below a section of the Texas
Privacy Act that deals with civil law.
Please copy and paste below a section of the Texas
Privacy Act that deals with criminal law.
The Texas Privacy Act requires that police show sufficient probable cause to a magistrate that a drone search of someone's property is necessary.
This is the same standard required by the Constitution to obtain a search warrant. The Texas Privacy Act protects civil liberties by requiring police to obtain a search warrant or have consent from the property owner before using a drone to search a property. It also prohibits the use of drones to conduct surveillance of people or their property without a warrant. However, it does allow police to use drones in certain emergency situations.
In terms of criminal law, the Texas Privacy Act prohibits the use of drones to search or gather evidence without a search warrant or consent from the property owner. It also prohibits the use of drones to conduct surveillance or record images of people without a search warrant. Furthermore, the Act prohibits the use of drones to unlawfully intercept communication or collect data without a search warrant. Finally, it prohibits the use of drones to interfere with or harass people or obstruct their lawful activities.
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Listening and Responding to Cues - A customer calls to order a present for her sister’s 20th birthday. He mentions that all of his sisters have birthdays in the same month. What do you do? Ask him to call you back when he buys birthday presents for the other sisters.Offer products that his other sisters might enjoy.Ask him what else he wants to get.Ask him how many sisters he has.Ask him how many gifts each sister gets per birthday.
In this situation, the customer has mentioned that all of their sisters have birthdays in the same month. As a customer service representative, it is important to listen to this cue and offer products that the other sisters might enjoy.
You could also ask the customer how many sisters they have and how many gifts each sister typically receives per birthday to better understand their gifting needs. Rather than asking the customer to call back when they buy gifts for the other sisters, take this opportunity to provide excellent service and suggest products that would be suitable for their other sisters. By listening and responding to cues, you can provide a positive experience for the customer and potentially increase sales for your business.One option would be to offer products that his other sisters might enjoy, based on the age and interests of the other sisters. Alternatively, it might be helpful to ask the customer how many sisters he has and how many gifts each sister gets per birthday to determine if there's an opportunity to provide a larger order or bundle of products.
Simply asking the customer to call back when he buys birthday presents for the other sisters may come across as unhelpful, and asking him what else he wants to get may not necessarily address his specific needs or interests.
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benjamin has saved $40.00 for concert tickets, but decides to buy a new pair of jeans instead. in this scenario, what do the concert tickets most likely represent? a capitalcapital b opportunity costopportunity cost c scarcityscarcity d decreased demanddecreased demand
The answer is "opportunity cost." In this scenario, the concert tickets represent the opportunity cost of purchasing the new pair of jeans.
Opportunity cost refers to the value of the next best alternative foregone when making a choice. In this case, Benjamin had a limited amount of money, and by choosing to buy the jeans, he gave up the opportunity to spend that money on the concert tickets.
Opportunity cost arises because resources are scarce relative to unlimited wants and needs. Benjamin's $40.00 could have been allocated towards either the concert tickets or the jeans, but not both. By choosing to buy the jeans, he forgoes the opportunity to attend the concert, which is represented by the concert tickets. The cost of the jeans is not just the monetary value but also the value of the concert experience that he could have had.
Understanding opportunity cost is essential in decision-making because it helps individuals and businesses evaluate the trade-offs involved in their choices.
By considering the opportunity cost, individuals can assess the value they are sacrificing and weigh it against the benefits of the chosen alternative. In this case, Benjamin valued the jeans more than attending the concert, but it is important to recognize that the concert tickets still have value in terms of the experience he gave up.
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Because economic and competitive environments frequently change, organizations should.
Due to the fact financial and competitive environments regularly exchange, businesses should increase contingency plans. The management characteristic concerned with waiting for destiny developments and figuring out the quality strategies to gain an agency's desires and goals is called planning.
A competitive environment is a marketplace structure in which companies selling comparable merchandise use varying distribution channels and pricing techniques to court shoppers.
The most obvious examples of factors of a competitive environment are an enterprise's direct competition, however, other examples are regulatory assets, indirect competitors, and social and technological adjustments.
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mom???????????????????????
mom ??????????????????????
Answer:
Go back to bed sweetie, here some fruit snacks now go to sleep.There are no monsters under your bed honey.
Explanation:
Have a great day.
A) According to the Small Business Administration, his business generates too much income to fit its definition of “smallness.”
B) According to the Small Business Administration, his business has too many employees to be considered a small business.
C) According to the Small Business Administration, he has a small business.
D) According to the Small Business Administration, he should franchise his business.
Answer:
From what I can tell, C.
Explanation:
His business could generate up to $8M (3YA) and still be considered a small business. He only has three employees, so he's still small.
Answer:
C
Explanation:
Just makes the modst sence
The managor estmates the total demand for the next year ot 748 MW. Use the muliplcative seasonal meerod to develop the forecast for each quarter. (Round al atemedate caicularions fo three decimal places) The tert quartet forecast is MW. (Entpe your response rounded to one decimal place) The second quater forecast is MW. (Enter your response rounded to ane decimal place) The third quarier forecast is MW, (Enter your response reunded to one decimal place) The fourth quarter forecast is MW. (Enter your response rounded to one decimal place)
- First quarter forecast: 149.6 MW
- Second quarter forecast: 205.7 MW
- Third quarter forecast: 242.1 MW
- Fourth quarter forecast: 168.3 MW
To develop the forecast for each quarter using the multiplicative seasonal method, we need to consider the seasonal factors for each quarter. These factors represent the average deviation from the annual average demand.
Let's calculate the forecast for each quarter:
1. First, we need to calculate the average demand for the entire year. Since the total demand for the next year is estimated to be 748 MW, the average demand per quarter would be 748 MW divided by 4 quarters, which is 187 MW.
2. Next, we need to determine the seasonal factors for each quarter. Let's assume the seasonal factors for each quarter are as follows:
- First quarter: 0.8
- Second quarter: 1.1
- Third quarter: 1.3
- Fourth quarter: 0.9
To calculate the forecast for each quarter, we will multiply the average demand by the corresponding seasonal factor.
3. First quarter forecast:
187 MW * 0.8 = 149.6 MW
4. Second quarter forecast:
187 MW * 1.1 = 205.7 MW
5. Third quarter forecast:
187 MW * 1.3 = 242.1 MW
6. Fourth quarter forecast:
187 MW * 0.9 = 168.3 MW
Therefore, the forecasts for each quarter using the multiplicative seasonal method are as follows:
- First quarter forecast: 149.6 MW
- Second quarter forecast: 205.7 MW
- Third quarter forecast: 242.1 MW
- Fourth quarter forecast: 168.3 MW
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Ethan Manufacturing Inc. produces floor mats for automobiles. The owner, Joseph Ethan, has asked you to assist in estimating maintenance costs. Together, you and Joseph determine that the single best cost driver for maintenance costs is machine hours. These data are from the previous fiscal year for maintenance costs and machine hours:
Month Maintenance Costs Machine Hours
1 $ 2,670 1,760 2 2,830 1,840 3 2,980 1,920 4 3,090 1,940 5 3,170 1,970 6 3,140 1,950 7 3,080 1,930 8 2,920 1,910 9 2,690 1,770 10 2,290 1,170 11 2,300 1,370 12 2,520 1,660 Required:
1. What is the cost equation for maintenance costs using the high-low method?
2. Calculate the mean absolute percentage error (MAPE) for the cost equation you developed in requirement 1.
The cost equation for maintenance costs using the high-low method is $1,003 + ($1.10 * Machine Hours). The mean absolute percentage error can be calculated by adding up all the percentage errors and dividing by the number of months.
The cost equation and MAPE can be calculated as follows:
1. To find the cost equation for maintenance costs using the high-low method, follow these steps:
Step 1: Identify the highest and lowest activity levels.
- Highest: 1,970 machine hours with $3,170 maintenance costs
- Lowest: 1,170 machine hours with $2,290 maintenance costs
Step 2: Calculate the variable cost per machine hour (VC).
- VC = (Highest cost - Lowest cost) / (Highest machine hours - Lowest machine hours)
- VC = ($3,170 - $2,290) / (1,970 - 1,170)
- VC = $880 / 800
- VC = $1.10 per machine hour
Step 3: Calculate the total fixed costs (FC).
- FC = Total cost - (VC * Machine hours)
- Using the highest activity level data:
- FC = $3,170 - ($1.10 * 1,970)
- FC = $3,170 - $2,167
- FC = $1,003
Step 4: Write the cost equation.
- Cost Equation = Fixed Costs + (Variable Costs * Machine Hours)
- Cost Equation = $1,003 + ($1.10 * Machine Hours)
2. To calculate the mean absolute percentage error (MAPE) for the cost equation, follow these steps:
Step 1: Calculate the estimated costs using the cost equation for each month.
Step 2: Calculate the absolute errors for each month (Actual cost - Estimated cost).
Step 3: Calculate the percentage errors for each month (Absolute error / Actual cost).
Step 4: Add up all the percentage errors and divide by the number of months to get the mean absolute percentage error.
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The amount of output produced per unit of input is referred to as ______.
Answer:
productivity
Explanation:
Hope this helped!!!
The amount of output produced per unit of input is referred to as productivity.
What is productivity?Productivity is a measure of the efficiency with which commodities or services are produced. Productivity is frequently represented as a ratio of an aggregate output to a single or aggregate input employed in a manufacturing process, i.e. output per unit of input, generally over a specified time period.
Managers utilize objectives, incentives, development, and communication tactics to improve staff performance and productivity.
In economics, productivity quantifies output per unit of input, such as labor, capital, or any other resource. For the economy, it is frequently computed as a ratio of GDP to hours worked.
Therefore, it can be concluded, that Productivity is defined as the quantity of output generated per unit of input.
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Frontier airline has gained success because enough travelers are willing to trade off carrying extra items for a lower price ticket. The ________ reflects the capture of value in the marketing exchange.
The price reflects the capture of value in the marketing exchange. A marketing transaction occurs whenever two or more parties exchange goods or services.
According to marketing theory, every exchange should result in "utility," which means that the value of what you trade must be lower than the value of the benefit you receive. Naturally, transactions in the real world are much more nuanced.
According to marketing theorists, exchange is the key idea without which there could be no marketing. Both sides must have something of value to offer one another in order for an exchange to take place. For instance, a man walking into a coffee shop might have enough cash to buy a cup of coffee while the cafe has the coffee. Communication between the parties is necessary.
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Yong teaches students with learning disabilities and physical disabilities.
Barb teaches computer programming to high school students.
Maya works in a private school teaching math to seventh-grade students.
Destiny works in a college teaching English to adult students.
Tanner helps an elementary school teacher and works under the guidance of that teacher.
ANSWERS: 1.Special Education 2. Career and technical education 3. Middle school 4. Post secondary teacher 5.teacher assistant
Answer: Special education teacher
Career and technical education teacher
Middle school teacher
Post secondary teacher
Teacher assistant
Explanation:
Answer:
1.Special education teacher
2.Career and technical education teacher
2.Middle school teacher
3.Post secondary teacher
4.Teacher assistant
Explanation:
A real estate broker has a computerized loan origination (CLO) terminal in her office. Because there are more than a dozen lending institutions in the city, the broker has found that the CLO greatly streamlines the application process for her clients. She sits down at the terminal with a homebuyer and these three events take place:
1. The broker explains that there is a fee for using the terminal of one-half point, based on the loan amount, and that the homebuyer may choose to finance the fee.
2. The broker explains only the different kinds of services offered by the two local lenders who pay her a monthly screen fee to be included on the CLO system.
3. The broker helps the homeowner answer the on-screen qualification questions.
Which of these events is an improper use of a CLO system?
a. 1 only
b. 2 only
c. 2 and 3
d. 1
Answer:
d because d is the best answe
T/F: if a buyer repudiates a contract, the seller can bring an action to recover damages.
True, if a buyer repudiates a contract, the seller can bring an action to recover damages. In a contract, both parties have obligations to fulfill. When one party, in this case, the buyer, repudiates the contract, they are essentially refusing to fulfill their part of the agreement.
This breach of contract can result in the non-breaching party, the seller, suffering financial losses.
To recover damages, the seller can bring a legal action against the buyer. The main objective of such an action is to compensate the seller for their losses resulting from the buyer's breach.
The damages awarded to the seller are typically calculated based on the actual financial loss incurred, such as the difference between the contract price and the market price at the time of the breach, as well as any additional costs incurred by the seller due to the buyer's repudiation.
In summary, it is true that if a buyer repudiates a contract, the seller has the right to bring an action to recover damages. This legal recourse allows the seller to seek compensation for the financial losses they have suffered as a result of the buyer's breach of the contract.
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The auditor examines details of accounts receivable to determine whether they arise from normal course of business. What is the balance-related management assertion being made? What is the corresponding auditor objective? for the toolbar, press ALT-F30 (PC) or ALT-FN-F10 (Mac)
If an auditor believes the chance of financial failure is low and there are no significant changes in the financial condition or operations of the company, the auditor's assessment would likely be that the going concern assumption remains valid.
This means that the auditor believes the company will continue its operations in the foreseeable future without the need to liquidate its assets or cease operations. The going concern assumption is an important consideration for financial statement users, as it provides assurance that the company is financially stable and able to meet its obligations.
The auditor's conclusion of a low risk of financial failure reinforces stakeholders' confidence in the company's continued operations.
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What is the major difference between excise tax and value added tax?.
A value-added tax is an ad valorem tax that is proportional to the cost of the goods, whereas an excise is often a per unit tax, costing a particular amount for a volume or unit of the item purchased.
What is difference between VAT and excise tax?Any duty on produced items that is assessed at the time of manufacture rather than the time of sale is known as an excise, or excise tax. Excises and customs charges are sometimes confused since excise is imposed on commodities that were created inland while customs is imposed on things that become taxable at the border.The primary distinction between a sales tax and a VAT is that a sales tax is only ever paid once, at the moment of sale. This indicates that the sales tax is only paid by retail customers. Instead, the VAT is gathered several times throughout the creation of a finished good.Since an excise is seen as an indirect tax, the manufacturer or seller who pays the levy to the government is expected to make up for their loss by increasing the price the final consumer of the goods will have to pay. In addition to an indirect tax, like a sales tax or value-added tax, excises are generally levied (VAT).To learn more about sales tax refer :
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