When is the case here, as more businesses enter an oligopolistic market, collaboration becomes more difficult as revenues. The correct response is D.why firms will not cooperate if they behave strategically.
Decline and businesses begin to act more egotistically. Companies will always be looking to cheat in order to make this profit, so in this scenario the cheating firm has an incentive to do so because the profit is so much bigger than sharing. The other businesses would respond by raising prices.
And they would all suffer the prisoner's dilemma is cited or recognised as a game theory example that tends to show why it can be challenging to organise and keep collaboration, even though it could be extremely beneficial to both parties.
Complete question:
when one firm responds to a rival's cheating by cheating and to a rival's cooperation by cooperating, that firm is practicing a
A. why firms have an incentive to cheat on agreements.
B. how oligopolists engage in implicit collusion under strategic situations.
C. how cooperation in strategic situations leads to the economically efficient market outcome.
D. why firms will not cooperate if they behave strategically.
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human capital refers to: a society's investment in capital goods. b output per worker. c the education and knowledge embodied in the workforce. d management information systems. e people working with capital goods.
The correct option is C. Human capital refers back to the schooling and information embodied inside the personnel.
Human capital is a concept utilized by social scientists to designate non-public attributes taken into consideration as beneficial inside the production manner. It encompasses worker information, competencies, know-how, good health, and training. Human capital has a great impact on man or woman's earnings. Research suggests that human capital investments have excessive economic returns for the duration of youth and young adulthood.
Organizations can put money into human capital, for example, thru education and education, allowing progressed stages of satisfaction and manufacturing. because of his conceptualization and modeling of paintings using Human Capital as a key element, the 2018 Nobel Prize for Economics become together offered to Paul Romer, who founded the modern innovation-pushed technique to expertise financial boom.
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Banksy is most associated with which city?
Bristol
Banksy's work grew out of the Bristol underground scene, which involved collaborations between artists and musicians. Banksy says that he was inspired by 3D, a graffiti artist and founding member of the musical group Massive Attack.
Prompt: imagine that you are a member of the federal open market committee. the economy is currently experiencing a decline. write a letter that you might give your colleagues explaining the actions you think the fomc should take to stabilize the economy. be sure to include: what the reserve requirement is and how changing it could affect the economy. what the discount rate is and how change it could affect the economy. how the fomc can help regulate the economy.
Federal Open Market Committee
123 Main Street
Washington, D.C. 20001
May 26, 2023
Dear Colleagues,
Subject: Stabilizing the Economy - Urgent Actions Required
I write to you today to discuss the current state of the economy and propose a set of actions that the Federal Open Market Committee (FOMC) should consider to stabilize it. It is evident that our economy is facing a significant decline, and it is crucial for us to act swiftly and decisively to mitigate its impact and promote sustainable growth. In this letter, I will outline the potential use of reserve requirements, adjustments to the discount rate, and the overall role of the FOMC in regulating the economy.
1. Reserve Requirements:
Reserve requirements refer to the percentage of deposits that banks must hold as reserves rather than lending them out. By modifying these requirements, we can influence the amount of money available for lending and spending in the economy. In times of decline, I propose a temporary reduction in reserve requirements. By lowering the reserve ratio, we can encourage banks to lend more, injecting liquidity into the economy. This will provide businesses and individuals with easier access to credit, stimulating investment, consumption, and overall economic activity.
2. Discount Rate:
The discount rate is the interest rate at which commercial banks can borrow from the Federal Reserve. Adjustments to this rate can influence borrowing costs and, consequently, spending and investment decisions. Considering the current economic decline, I recommend reducing the discount rate. Lowering the rate will incentivize banks to borrow more from the Federal Reserve, leading to increased liquidity in the banking system. This will encourage banks to lend at lower interest rates to businesses and consumers, spurring economic activity and promoting investment.
3. The Role of the FOMC:
The FOMC plays a vital role in regulating the economy and maintaining stability. Beyond reserve requirements and the discount rate, the FOMC can implement a range of measures to influence economic conditions. These include open market operations, where the Federal Reserve buys or sells government securities to affect the money supply, as well as communication and guidance to shape market expectations. During times of decline, the FOMC should consider expanding its asset purchase programs to inject liquidity into financial markets, supporting lending and investment.
Moreover, the FOMC should communicate effectively with the public, financial institutions, and other stakeholders to provide transparency and guidance. Clear and consistent messaging from the FOMC regarding its policy intentions can help manage market expectations and instill confidence in the economy. Regular assessments of economic data and analysis will be crucial for the FOMC to make informed decisions and adjust policies as needed.
In conclusion, to stabilize the declining economy, I propose a combination of measures involving adjustments to reserve requirements, reductions in the discount rate, and the use of open market operations. These actions will provide the necessary liquidity to encourage lending and investment, fostering economic growth and stability. Additionally, effective communication from the FOMC will help shape market expectations and enhance public confidence. I urge the committee to carefully consider these recommendations and take decisive action to steer our economy back on track.
Thank you for your attention and commitment to the well-being of our economy.
Sincerely,
[Your Name]
Member, Federal Open Market Committee
About EconomyIn general, economics has an understanding as a science that studies how humans fulfill their life needs by using available resources. All forms of human effort and effort in meeting the necessities of life in order to obtain life welfare.
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Gossip occurs when Jen and Kathy talk about _______. A. Their coworker Ted. B. The upcoming World Series. C. Their favorite TV show d. The clothes they will wear to a party.
Gossip occurs when Jen and Kathy talk about their coworker Ted.
What is a Gossip?
A Gossip can be regarded as the practice usually found in the society and organization which involves talking about someone behind him or her.
It involves a friend saying something else about co workers and this can cause problem in the organization.
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Gossip occurs when Jen and Kathy talk about their coworker Ted.
The correct option is (A).
What is Single All The Way?Single all the way is a Netflix-based Canadian romance comedy.
This is based on gay romance. The character has to answer his family's questions about being single because his family doesn't know that he is gay.
Thus, the correct option is (A) Their coworker Ted.
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nina is president of her class, and she has to give her principal a speech on what her class plans to do with their budget. she has planned out word for word what she is going to say. this is an example of a(n) .
Nina is president of her class, and she has to give her principal a speech on what her class plans to do with their budget. She has planned out word for word what she is going to say. This is an example of a manuscript speech.
A manuscript speech is a pre-written speech that the speaker reads from a paper. It is used when precision, timing, and accuracy are crucial, for instance, when the speaker wants to communicate a technical and complex subject.
The following are the defining characteristics of a manuscript speech: It is scripted word-for-word. It is composed of complete sentences and paragraphs.
It is formal in tone and style. It is ideal for speeches with complex content, such as legal or scientific talks.It requires a lot of practice to be delivered effectively.
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which of the following statements is always true? multiple choice the number of issued shares equals the number of outstanding shares plus treasury shares. the number of outstanding shares is never greater than the number of issued shares. the number of authorized shares equals the number of unissued shares plus issued shares. all of the statements are always true.
The statement that is always true is: "The number of authorized shares equals the number of unissued shares plus issued shares."
To clarify the terms used in this statement, let's define each of them:
1. Authorized Shares: These are the maximum number of shares a company is allowed to issue, as determined by its articles of incorporation or other legal documents. This number can be changed with shareholder approval.
2. Issued Shares: These are the actual number of shares a company has issued to shareholders. This number includes both outstanding shares and treasury shares. Issued shares cannot exceed the number of authorized shares.
3. Unissued Shares: These are the authorized shares that a company has not yet issued to shareholders. They can be issued in the future if the company decides to raise more capital.
4. Treasury Shares: These are shares that a company has issued and later repurchased from shareholders. Treasury shares are no longer considered outstanding shares, but they are still part of the issued shares.
This statement is always true because it represents the fundamental relationship between authorized, issued, and unissued shares in a company's stock structure.
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A stockholder sold her shares and made a profit of $1,403. If that is a profit of 27%, how much were the shares worth when she originally
purchased them? Round to the nearest cent .
The worth of the shares when the stockholder originally purchased them is $1105.
What are shares?Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.
It is assumed that the purchase price of the share is $100. As the stockholder sold her shares for $1,403, making a profit of 27%, it implies that:
127 = $1,403
∴ 100 = $1,403/127 × 100
= $1104.72
Therefore, $1104.72 is the original purchase price of the share.
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1. Beth and Jerry own a residential home valued at approximately $250,000. While
they were away on vacation, lightning struck their house causing a large fire that
did approximately $125,000. of damage to their home. Their homeowner's
insurance policy was up to date and they had proper damage limits in their
coverage areas. Due to the damage to their home which included most of their
furniture, electronic devices, televisions, personal clothing and Thereappliances;
they will also have to live in temporary housing until their house is repaired which
is estimated to be 10 months. Which coverage areas of their homeowner's policy
will provide the coverage for their loss including their housing? Be specific and
state why you selected your answer with examples provided.
The losses incurred by Beth and Jerry in this scenario will be covered by the homeowners' insurance policy.
Which coverage areas of their homeowner's policy will provide the coverage for their loss including their housing?
The areas of the homeowner's insurance that will cover their loss, including their housing, are listed below: 1.Dwelling Coverage: This insurance will pay for the costs of repairing any damage the fire has done to the walls, roof, and foundation of their house. In this situation, the insurance provider will provide coverage up to the policy's maximum, which in this case is $125,000. 2.Personal Property Coverage: This insurance will pay the costs of replacing or repairing personal property such as furniture, electronics, televisions, and clothing that was damaged or destroyed in the fire. Depending on the policy, the insurance company will provide coverage up to the limit stated in the policy, which can range from 50% to 70% of the dwelling coverage limit. 3.Loss of Use Coverage: This coverage will give Beth and Jerry the money they need to pay for the extra living costs they incur, like food and lodging while their house is being repaired. In this scenario, the insurance provider will provide coverage up to the maximum allowed by the policy, which, depending on the policy, can range from 20% to 30% of the dwelling coverage limit.
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A student will decide to attend class when
A. The Marginal Cost in low
B. The Marginal Benefit of attending exceeds the marginal cost of attending
C. There is an attendance policy
D. The Marginal Benefit is positive
A student will decide to attend class when there is an attendance policy. Thus, option (c) is correct.
What is policy?The term policy refers to are the rules are the described in the details are the mention. The policy are the making follow to the country and the employees of the company. The policy are the making the company of the solving the issues.
A student was the decided to regularly attend lectures or classes was the main motive to fulfill the attendance policy. The attendance was the necessary to appear in the exam. An attendance was the help to gain good marks in the exams. An attendance policy was the best policy.
As a result, the student will decide to attend class when there is an attendance policy. Therefore, option (c) is correct.
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When creating a budget, log fixed expenses
before income.
after income.
after savings.
at the top.
Answer:
after income
Explanation:
A budget is an estimation of revenue and expenses over a specified period of time. Therefore, log fixed epenses after income. After income is the answer.
after incomeWhen should you log fixed expenses?One"s fixed expenses should be deducted first from your budget. If one has money left over at the end of the month, then one did well in keeping one's variable expenses in check.
Therefore, log fixed expenses after income.
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When a company has a diverse workforce, which of the following is likely to
be true?
A. Wages can be decreased.
B. There is potential for discrimination.
C. The workforce will be all male.
D. HR managers will be all males.
The correct option is D. When a company has a diverse workforce, HR managers will be all males is likely to be true.
Because every team member—from the leadership to the frontline staff to mobile workers—brings their own distinct backgrounds, experiences, and viewpoints to the table, workplace diversity fosters creativity and innovation.
How does diversity affect the workplace?Productivity is strongly impacted by the greater variety of talents and abilities that come with workplace diversity. Because diverse employees have a range of talents, skills, and preferred fields of work, workplaces with greater variety typically have higher productivity.
Beyond political correctness, a diverse workforce has several advantages. Including people from all backgrounds and viewpoints can promote better decision-making, more innovation, and increased workplace engagement. Additionally, it might enhance a business's reputation and make it simpler to draw in top employees.
Thus, The right answer is D. A corporation is more likely to have all male HR managers if its workforce is diverse.
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The Future Lab Program, which is a part of Sony's investment in R&D, embraces an approach to technological R&D that emphasizes an open creative environment and direct lines of communication with society, with the end goal being to co-create new lifestyles and customer value. Does Sony create significant customer value? Does Sony create new lifestyles?
Answer:
Sony's goal with Future Lab is to create customer value and new lifestyles, whether they are able to do so depends on how well they work it out. Future Labs is based on San Francisco, and it should serve as a place where innovative prototypes should be tested by real users. The goal is that Sony can learn from actual real life user experiences in order to improve their products and services. The real life customers and users that want to participate in Sony's program must pay a fee for doing so, but they can also experience prototypes before anyone else.
Bagel, Inc. issued 50,000 shares of the 100,000 authorized. It has since repurchased 5,000 of its shares. The number of shares outstanding equals ______ shares.
Based on the information given the number of shares outstanding equals 45,000 shares.
Using this formula
Shares outstanding=Issued shares-Shares repurchased
Where:
Issued shares=50,000 shares
Shares repurchased=5,000 shares
Let plug in the formula
Shares outstanding=50,000-5,000
Shares outstanding=45,000 shares
Inconclusion the number of shares outstanding equals 45,000 shares.
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Performance Assessment Task
Jrotc
This performance assessment task gives you an opportunity to document your achievement of the lesson’s competency: Demonstrate proper etiquette in social settings For this performance assessment task, you will complete the Dining-Out scenario. For this assessment you will: Read the following scenario and individually complete the information below. Be prepared to share your answers in class. The same criteria in the scoring guide below can be used to evaluate your performance of proper etiquette and manners at the annual Cadet Ball. Scenario: The annual Dining-Out is in five months. You have been asked to be a member of the Dining-Out committee. The committee plans all aspects of the Dining-Out. Complete this assignment as if you are preparing for the meeting and event. The committee will discuss invitations, table settings, receiving line protocol (guest speaker and other dignitaries), proper dress, protocol for honoring the nation, and thank you notes. 1. Invitations: Create the text for the invitation. Include all pertinent information including dress code and RSVP: Table Setting: On the back of this page, draw a picture of the appropriate table setting for the following menu: Fresh Garden Salad with Dressing Dinner Roll Tomato Soup Beef Tenderloin or Grilled Salmon New York Style Cheesecake with strawberries Iced Tea and water 2. Receiving line and other protocol: a. Who belongs on the line? b. What order should the guests stand in? c. Address the appropriate protocol for honoring the nation. d. Describe how you will greet the guest of honor(s): e. What attire should you wear? 3. Thank you notes: Create a sample thank you note to send to the guest speaker: 4. Explain your role in the annual Cadet Ball as a Year 1 Cadet: 5. Use the attached scoring guide criteria for what you need to do to complete this task. 6. Submit your completed performance assessment task and scoring guide to your instructor for evaluation and a grade.
The invitation should include the date, time, location, the dress code, RSVP deadline, and any other important relevant information such as the theme of the event.
The invitation text will be like this: You are cordially invited to attend the Annual Dining-Out hosted by the JROTC program. The event will take place on [date] at [time] at [location]. Dress code for the evening is formal attire, which includes a dress uniform or civilian formal wear.
Please RSVP by [RSVP deadline] to [contact information]. We look forward to your presence at this event.
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Stock Valuation and Required Return [LS LO1] Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $4.15 next year. The growth rate in dividends for all three companies is 4 percent. The required return for each company's stock is 8 percent, 11 percent, and 14 percent, respectively. What is the stock price for each company? What do you conclude about the relationship between the required return and the stock price?
The stock price for Red, Inc., Yellow Corp., and Blue Company can be calculated using the dividend discount model (DDM). Based on the given information, all three companies have a dividend of $4.15 next year and a dividend growth rate of 4 percent. The required return for Red, Inc., Yellow Corp., and Blue Company is 8 percent, 11 percent, and 14 percent, respectively.
To calculate the stock price using the DDM, we can use the formula:
Stock Price = Dividend / (Required Return - Dividend Growth Rate)
Using this formula for each company, we can calculate the stock prices as follows:
For Red, Inc.:
Stock Price = $4.15 / (0.08 - 0.04) = $103.75
For Yellow Corp.:
Stock Price = $4.15 / (0.11 - 0.04) = $69.17
For Blue Company:
Stock Price = $4.15 / (0.14 - 0.04) = $46.67
The relationship between the required return and the stock price can be observed in the calculations. As the required return increases, the stock price decreases, assuming other factors such as dividend and dividend growth rate remain constant. This is because a higher required return implies a higher discount rate applied to future dividends, leading to a lower present value of the stock. Conversely, a lower required return results in a higher stock price.
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Explain how to identify which priced product you should show when you cannot determine a customer's intended price range?
Answer: When a customer doesn't have an idea of the priced product they want it is best to present to them a medium priced product, then begin adjustment of either going up or down based on their response.
Explanation:
Pricing in business can result to various outcome, because you are in bid to make the client buy the product, there occasions where you might state a high price and they buy and some other case they don't and they are case where you state a low price,they buy and you get affected by some loss. When a customer doesn't have an idea of the priced product they want it is best to present to them a medium priced product, then begin adjustment of either going up or down based on their response.
to find the total bond value, add the present value of the amount paid at maturity to the _____ of the annual coupon payments.
costs incurred indirectly and allocated to a responsibility level are considered to be question 47 options: nonmaterial. controllable. mixed. noncontrollable.
Costs incurred indirectly and allocated to a responsibility level are considered to be mixed.
When costs are incurred indirectly, it means that they cannot be directly traced to a specific product or service. Therefore, these costs must be allocated to a responsibility level, such as a department or a product line. These costs are considered to be mixed, as they contain both controllable and noncontrollable elements. Controllable costs are those that can be influenced or managed by the responsible party, while noncontrollable costs are those that are outside of their control. The allocation of indirect costs is an important part of cost accounting, as it allows for a more accurate determination of the true cost of a product or service. While these costs may not be material on their own, they can add up to significant amounts when combined with other costs, making them an important consideration in any cost analysis.
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Please help:) if possible:)
Answer:
c
Explanation:
Being "501(c)(3)" means that a particular nonprofit organization has been approved by the Internal Revenue Service as a tax-exempt, charitable organization.
The responsibilities of a ________ include collaborating with cross-functional teams on projects and analyzing organizational data.
A. systems analyst
B. consultant
C. business intelligence analyst
D. server administrator
E. technical sales
C. Business Intelligence AnalystThe responsibilities of a Business Intelligence Analyst typically include collaborating with cross-functional teams on projects and analyzing organizational data to identify insights, trends, and opportunities for improvement.
Business Intelligence Analysts work with a variety of stakeholders, including IT teams, business leaders, and end-users, to gather and analyze data from different sources and present findings in a clear and actionable way.Systems Analysts, on the other hand, focus more on the technical aspects of designing and implementing information systems that meet the needs of an organization. Consultants may work in a variety of roles, but their primary responsibility is typically to provide expert advice and guidance to organizations seeking to solve complex problems or improve their operations. Server administrators are responsible for managing the servers and network infrastructure that support an organization's IT systems. Technical sales professionals are responsible for selling technical products or services to clients and customers, often requiring a deep understanding of the technical features and capabilities of the products
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Type the correct answer in the box. Spell all words correctly.
Which form of marketing do firms use when they market their products to all consumers alike, even when not all of them constitute the target audience?
When firms market their products to all consumers alike, even when not all of them constitute the target audience, they exhibit (___?___) marketing.
Answer:
Outbound Marketing is the correct answer
Explanation:
Answer:
outbound marketing - I just took the test this is correct
Explanation:
If the price of gasoline increases, most likely, ceteris paribus, the result will
be:
A. An increase in the demand for cars.
B. An increase in the supply for cars
C. A decrease in the supply for cars
D. A decrease in the demand for cars
Answer:
A
Explanation:
Hello i am happy to answer this for you.
I believe the answer is D
My reasoning is that if the gasoline prices went up people will not want to pay for the gas anymore so people will not want gas fueled cars if they have to pay a higher price for the gasoline.
Sry if wrong
as a consequence of the rapid development of business models, ______ may breach existing rules of commerce.
As a consequence of the rapid development of business models, some models may breach existing rules of commerce.
What are business models?A business model is a structural design that defines the operations and functions of an organization, how the business is structured, how it works, and how it generates revenue.
A business model identifies the market demands the company serves, the products or services it provides, and how it delivers them to customers. There are many different business models, and they can vary depending on the industry and the type of business.
As business models develop, organizations must adapt and adopt new ways of doing things, which can often lead to the breach of existing rules of commerce. As a result, these rules may be updated or created to account for the changes that are taking place.
The rules of commerce are the standards, laws, and regulations that govern how business is conducted. They include, but are not limited to, antitrust regulations, financial regulations, labor laws, and environmental regulations.These regulations ensure that businesses operate in a fair and ethical manner, without harming their customers, employees, or the environment. As business models develop, the rules of commerce must also change to ensure that they are still relevant and effective in the modern business environment.
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You should inform the person who is writing your letter of recommendation of
all of the following things except
A. where you are applying and why.
B. when the letter is due.
C. what you would like him or her to write.
D. what type of financial aid you are seeking.
Answer:
D.what type of financial aid you are seeking
What is the richest person in the world right now?
What is the best money making job in the U.S?
Can you get your job back after getting fired?
Answer all please.
Brainliest included.
Thank you.
Does anyone know how to start your own business as a teen? I am trying to start my own beauty business, with face products etc. Also I need name ideas one of that I was thinking of was Natural Beauty. Since I am going to be selling all natural products
Answer:
i'm no expert but, i think first start out with ideas of the business u wanna do and keep adding on to those ideas you already have and find a business idea you know you can invest in and stick to that business so you can make money you want and supply the products people want and need so, that your making money to help yourself out in life and their getting supplies that are good and don't have harsh chemicals so, it doesn't result in you losing money. Also Natural Beauty is a good name but, i think you might like these three name ideas but, if not its okay go with the name you want since it's your business. Here are the name ideas Natural Essentials, Clear Beauty, or Organic Beauty Essentials.
Answer:
Many small business owners decide to set up an LLC for the liability protection it provides. An LLC, or limited liability company, exists separately from its owners (known as members), and the owners are therefore not personally responsible for business debts.Most states don’t allow two different business entities to have the same name. So you can’t, for example, have “Joe’s Donuts, LLC” and “Joe’s Donuts, Inc.,” even if they’re located in different cities. Many states also restrict companies from using certain words in their names, such as “bank.” If the LLC name you’ve selected is available, but you aren’t going to be filing your LLC documents right away, you may want to reserve the name. Nearly every state allows you to reserve a name by filing a form and paying a name reservation fee. The length of the reservation period, filing fees, and renewal policies vary from state to state.Almost every state requires its LLCs to name a registered agent (also sometimes called a statutory agent). A registered agent is a person who agrees to receive lawsuits, subpoenas and other official documents on behalf of the LLC and to pass them along to the appropriate person at the LLC.An LLC operating agreement is the roadmap that describes how your LLC will be run. It specifies such things as the ownership interests and voting rights of the members, how profits and losses will be allocated, how meetings will be held, how the business will be governed, the rights of the members if one of them dies or leaves the business, and the way the company will be dissolved if it goes out of business.Each state has its own form and procedure for establishing an LLC. In general, you must file articles of organization that list.After the LLC’s formation documents are filed and approved, the state will issue a certificate or other document that confirms that your LLC formally exists. Once you’ve received the certificate, you can take care of business matters like obtaining a tax ID number and business licenses and setting up a business bank account. Explanation:If your LLC does business in more than one state, you may need to register to do business in other states. To do this, you’ll need to fill out and submit paperwork that’s similar to the paperwork you filed when you formed your LLC. You’ll also need a registered agent in each state where you are authorized to do business.
The unit cost is $112.00 and we order 10,752 units per 365 day year. While we do not have to order by the case, it does come in 15 units per case. The average lead time from when we place the order to the time we receive it at our dock is 8.2 days with a standard variation of 1.7 days.� Later that week in the conference room, Ferguson and Patrachalski each offered proposals for ordering part number 64-1909. Purchasing Director Patrachalski stated he was trying to keep his purchasing costs down by ordering in larger quantities and suggested buying 32 cases at a time. He has also indicated he would like to avoid ordering in partial cases since doing so may result in shipments of incorrect quantities and consequent higher costs. Comptroller Ferguson claimed the most important issue was the cost to carry inventory and argued for ordering 4 cases at a time to keep Page 2 This document is available from our site and provided for your personal use only and may not be retransmitted or redistributed without written permission from the Council of Supply Chain Management Professionals (CSCMP). You may not upload any of this site's material to any public server, online service, network, or bulletin board without prior written permission from CSCMP. average inventories low. Seeking a compromise, Lewin suggested using economic order quantity (EOQ). Lewin stated, �economic order quantity can be very complex. The original EOQ, known as �Wilson�s EOQ�, was actually developed by F. W. Harris1 2 in 1913, but a consultant named R. H. Wilson, who embraced the model and applied it extensively, was given credit for his early in-depth analysis of it.3 4 It determines the lowest total inventory cost by calculating the optimum order quantity denoted as Q*. Economic order quantity incorporates the trade-off between inventory carrying cost and ordering cost�exactly the trade-off we are facing with Finance and Purchasing.� �You can now find more complicated economic order quantity models extending the concept to consider discount pricing for ordering in larger quantities, backordering costs, differences in transportation rates if you ship by full truckload instead of LTL, including the step function of adding another warehouse as it impacts inventory carrying costs, or bridging into optimal production quantities. Anything that might influence the economic order quantity variables�there is probably an extension. There is probably even one considering the phases of the moon!� �There are a lot of assumptions for economic order quantity including:5 A continuous, constant, and known rate of demand A constant and known replenishment or lead time Entire order delivered at same time�no in-transit inventory All demand is satisfied A constant price or cost that is independent of the order quantity (i.e., no quantity discount) No inventory in transit One item of inventory or no interaction between items Infinite planning horizon Unlimited capital �But we should just use the original Harris-Wilson Model and consider tweaking it later. As I recall, the basic formula is:� Q*=(2xAnnual Demand x Ordering Cost)/(Inventory Carrying Cost x Unit Price) And the entire equation needs to be square rooted. Q#1: What is the cost difference between Ferguson's proposal to order 4 cases each time and Patrachalski's proposal to order 32 cases each time? Q#2: Lewin suggested looking at economic order quantity. Based on the lowest total annual cost, what order quantity should Martin recommend? Q#3: Let's explore the concept of "robustness." Lewin�s proposal to use economic order quantity may be unrealistic since SMC would like to place orders in whole cases. If the order quantity is decreased to the nearest whole case (which is a 2.78% reduction) what percent would your total annual cost change? What percent would your annual total cost change if the order quantity is increased to the nearest whole case? Hint: Use the formula ([New Total Cost / Old Total Cost] � 1 ).
The order quantity that would minimize the total annual cost is 2,685 units (or 179 cases), with a total annual cost of $1,287,140.
q#1: to determine the cost difference between ordering 4 cases and ordering 32 cases, we need to calculate the total cost for each proposal.
for ferguson's proposal to order 4 cases at a time: order quantity = 4 x 15 = 60 units
annual demand = 10,752 unitsordering cost = $112 x 60 = $6,720
annual ordering cost = (10,752 / 60) x $6,720 = $1,201,920average inventory = 60 / 2 = 30 units
inventory carrying cost = 30 x $112 x 14% = $470.40annual inventory carrying cost = 10,752 / 2 x $470.40 = $2,523,340.80
total annual cost = $1,201,920 + $2,523,340.80 = $3,725,260.80
for patrachalski's proposal to order 32 cases at a time:order quantity = 32 x 15 = 480 units
annual demand = 10,752 unitsordering cost = $112 x 480 = $53,760
annual ordering cost = (10,752 / 480) x $53,760 = $1,204,800average inventory = 480 / 2 = 240 units
inventory carrying cost = 240 x $112 x 14% = $3,347.20annual inventory carrying cost = 10,752 / 480 x $3,347.20 = $74,892.00
total annual cost = $1,204,800 + $74,892.00 = $1,279,692.00
the cost difference between the two proposals is $3,725,260.80 - $1,279,692.00 = $2,445,568.80.
q#2: to determine the order quantity that would minimize the total annual cost, we can use the eoq formula provided by lewin:
q*=(2xannual demand x ordering cost)/(inventory carrying cost x unit price)⁰.5
plugging in the values:q*=(2x10,752x$6,720)/($112x0.14)⁰.5=2,682.78
rounding this to the nearest whole case (which is 179 cases):
order quantity = 179 x 15 = 2,685 unitsannual demand = 10,752 units
ordering cost = $112 x 2,685 = $301,320annual ordering cost = (10,752 / 2,685) x $301,320 = $1,204,800
average inventory = 2,685 / 2 = 1,342.5 unitsinventory carrying cost = 1,342.5 x $112 x 14% = $20,585.10
annual inventory carrying cost = 10,752 / 2,685 x $20,585.10 = $82,340.40total annual cost = $1,204,800 + $82,340.40 = $1,287,140.40 40.
q#3: to determine the percentage change in total annual cost if the order quantity is decreased or increased to the nearest whole case, we need to calculate the total cost for each scenario and compare it to the total cost of the optimal order quantity (2,685 units).
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Complete this paragraph about the impact of trade on American jobs based on the video you just watched.
New Balance manufactures its shoes in
. The Obama administration proposed a trade agreement called the
. It is
to hire Vietnamese workers than American workers. New Balance executives are hoping to avoid their workers losing their
because of the trade agreement.
Answer:
The radius of the earth is 6371 km and the weight of an object on the earth is 800 N. The weight of the object at an altitude of 6371 km above the surface of the earth
Answer:
New England
Trans-Pacific Partnership
10 times cheaper
Jobs
Explanation:
at an output level of 85,000 units, you calculate that the degree of operating leverage is 3.5. the output rises to 92,000 units. what will the percentage change in operating cash flow be? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The degree of operating leverage is 2.94 as per the given contribution and fixed costs
Operating leverage refers to the ability of a firm to use fixed operating expenses to magnify the effect of changes in sales on its EBIT. Operating leverage exists if a change in sales revenue results in a more than proportionate change in EBIT.
Operating leverage = contribution / EBIT
We are given that operating leverage = 3.50
EBIT = contribution - fixed costs OR contribution - 220,000
Substituting the values in the operating leverage formula, we get
3.50 = contribution / ( contribution - 220,000)
(3.50 * contribution) - 770,000 = contribution
2.50 * contribution = 770,000
Therefore, contribution = 308,000
Since the number of units is given as 85,000, the per unit contribution will be 308,000 / 85000 = $3.62
At 92,000 units, the total contribution will be 92,000 * 3.62 = $333,040
Operating cash flow or EBIT = contribution - fixed costs
= 333,040 - 220,000 = $113040
Degree of operating leverage = contribution / EBIT
= 333,040 / 113040 = 2.94
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1. What is public relations? Give an example of a public relations activity. (1 point)