Answer:
In order to help preserve and protect our environment, builders should construct more "green" buildings.
Explanation:
The reason is that the greener planet is only possible if whatever we do doesn't harms our present and future environment and this is only possible if the operations of businesses and individuals are greener. So the main idea was that the businesses must move to greener planet which in other words was sustainability. Sustainability is meeting present generation needs without compromising future generation needs.
Producer surplus is A. the difference between the lowest price a firm would be willing to accept and the price it actually receives. B. the difference between the highest price a consumer is willing to pay and the price the consumer actually pays. C. the difference between the lowest price a firm would be willing to accept and marginal cost. D. the market price multiplied by the number of units sold by a firm. E. the difference between the highest price a consumer is willing to pay and the lowest price a firm would be willing to accept.
Mezzinzi Bank offers loans to companies in the form of bonds. The companies who apply for these loans can repay the amount over a prolonged period of time. Which of the following financing options is being offered by Mezzinzi Bank in the given scenario?
A. A revolving credit agreement
B. Long-term debt
C. Commercial Paper
D. Trade credit
Answer:
B) Long-term debt
Explanation:
Long term debts are loans that are due in more than 1 year, and generally bonds are due in several years.
Revolving credit agreements is a revolving line of credit where the client uses the funds only when they need it. Commercial papers are short term promissory notes (due in less than 1 year).Trade credit is usually handed out by a company's vendors where you receive merchandise and pay for it later (usually in a month or two).Tom borrows $100,000 from his local bank to purchase inventory for his store for the upcoming holiday season. Tom's neighbor tells him about a get-rich-quick scheme that can take this $100,000 and triple it in a month. Tom decides to buy into this scheme figuring he can repay the bank and still have plenty left for inventory. This is an example of:_______.
Answer:pyramid scheme
Explanation:
Tyler is a finance manager at an automobile manufacturing company. He collects internship reports from summer interns at the company to study the finance strategies suggested by them in their reports. He uses the relevant information from this study to suggest new strategies to the chief financial officer of the company. In the context of managerial roles, which of the following roles does Tyler illustrate in this scenario?
A) Leader role
B) Liaison role
C) Disseminator role
D) Monitor role
Answer:
Disseminator role.
Explanation:
Disseminators play the important part of communicating important and useful information to colleagues and the team. Generally managers are responsible for transmitting information regarding management expectations to employees with a view of achieving organisational goals.
Tyler as a finance manager at an automobile manufacturing company. Collects information from summer interns regarding improvements in finance strategy. He communicates this information to the Chief Financial Officer. This is a dissemination function by Tyler.
Answer: C- Disseminator role
Explanation: The disseminator role involves sharing applicable information and opinions that have the capacity of being helpful in the future with one's coworkers in a company. However, this information could be detailed while some need explanations or translation. A person who carries out this role must have some skills like great communication skills, excellent writing skills, fluent speaking skills and thorough group instructing skills.
Apple's expansion into the United States and Europe by means of distribution deals and into Asia through partnership arrangements reflects which type of planning? Multiple Choice corporate planning strategic planning tactical planning All of the answer choices are correct.
Answer:
Option D
Explanation:
The reason is that corporate planning is the long term business improvement plan. This means that having distribution deals is corporate planning because it ensures long term business success.
This is also correct for strategic planning because a strategic planning is the plan which is designed for long term by assessing the capabilities and using these to further strengthen business position by opting to goals and objective setting options. In this case the company has set its goal to conquer the distribution channel to have an hold of the business market.
The tactical planning is short term planning and here acquisition of distribution deals will help meeting short term sales targets.
So option D is correct.
The correct answer is strategic planning.
Strategic planning involves setting long-term goals and determining the best approach to achieve those goals. It encompasses the entire organization and is focused on positioning the company in the broader market environment. Apple's expansion into different regions through distribution deals, partnership arrangements, and other strategic initiatives is a clear example of strategic planning. Corporate planning is a broader term that includes strategic planning but also encompasses other aspects such as financial planning, operational planning, and resource allocation. It is the process of determining the organization's long-term goals and then identifying the best ways to achieve those goals. Strategic planning is a subset of corporate planning that specifically focuses on the strategic direction of the organization. Tactical planning, on the other hand, involves the short-term steps and actions taken to implement the strategic plan. It is more about the day-to-day operations and the specific details of how to accomplish the strategic objectives. In the case of Apple's expansion, the company is engaging in strategic planning by determining which markets to enter and how to enter them (through distribution deals and partnerships). This is a high-level decision that shapes the company's direction and is not concerned with the immediate, short-term actions (tactical planning) or the overall management of the company's resources and finances (corporate planning).
Therefore, Apple's approach to entering new markets by establishing distribution deals and partnerships is a reflection of strategic planning rather than corporate or tactical planning. While corporate planning includes strategic planning, the question specifically asks for the type of planning reflected in the expansion efforts, which is strategic in nature. Hence, the most accurate answer is strategic planning.
"While standing on a bank you wish to spear a fish in front of you. Would you aim above, below, or directly at the observed fish to make a direct hit? If, on the other hand, you wished to zap the fish with a laser beam of the same color as the fish, how would you aim? 1. None of these 2. Below; directly at 3. Below; above 4. Above; above 5. Above; below"
To spear the fish you would need to aim below the observed fish to
make a direct hit -Therefore, in order to strike the fish you should aim below where the fish appears to be. -Answer is( 2) Below; directly
With a laser, you would aim directly at the fish -Answer is (1) none of the above
Explanation:
"In both cases, of course, the light coming from the fish is refracted
away from the normal as it travels through the water surface to your
eyes. As a result, the fish appears closer to the surface than it
really is.
(a) If you are using a bow and arrow to spear the fish you
should realize that the arrow will not deviate as it enters the water;
it will continue along the original straight line path from the bow.
Therefore, in order to strike the fish you should aim below where the
fish appears to be. -Answer is( 2) Below; directly
(b) When you use a laser gun to zap the fish then you should realize
that the beam will be refracted as it enters the water. In fact, the
laser beam will travel along exactly the same path as the light from
the fish (although in the opposite direction!). Therefore, in order to
hit the fish you should aim you laser gun directly where the fish
appears to be."-Answer is (1) none of the above
To spear a fish, one should aim below its observed position because of light refraction. For a laser beam, one would aim directly at the fish as the laser travels straight without refraction.
Explanation:When attempting to spear a fish while standing on a bank, one must account for the refraction of light due to the transition from air to water. Refraction causes the light rays to bend and the fish appears at a different location than where it actually is. To make a direct hit, the spear must be aimed below the observed position of the fish; the light rays bend upwards when exiting the water, making the fish appear higher than its true position. However, if one were to use a laser beam, there would be no need to adjust for refraction, as the laser would travel in a straight line to the fish, so you would aim directly at the fish.
Thus, the correct answer to the student question is Below; directly at, which corresponds to option number 2. This concept is an application of Snell's law, where the angle of incidence and refraction are related to the velocities of light in each medium (air and water, respectively). As light moves from air to water, it slows down and bends towards the normal due to water having a higher index of refraction than air.
__________is the process by which union representatives negotiate with the management of a firm to secure certain concessions on wages, benefits, job security, or seniority for union members.
Collective bargaining is the process by which union representatives negotiate with the management of a firm to secure certain concessions on wages, benefits, job security, or seniority for union members.
Explanation:
Collective bargaining is a mechanism of discussions between the employers as well as a collective of employees who are aimed at arrangements to control salaries, terms of employment, pensions and other compensatory and workers ' rights aspects.
Such form of agreement is a contract of work and is also called a "collective bargaining arrangement" or CBA.
Examples include workplace salaries, hours, insurance, off-time, promotions and administrative issues in a variety of the areas addressed by CBAs involving management and workers.
In an effort to cover promotional costs and generate revenue for the festival, SXSW utilizes a tiered-pricing strategy to meet the various budgetary needs of its customers. This is an example of _______ promotion.
This is an example of B2C promotion
Explanation:
Business-to-consumer refers to a mechanism in which businesses directly market goods and services to customers, without intermediaries.
B2C is usually used by online retailers offering goods and services over the Internet to customers.
Online B2C has become a challenge for mainstream retailers that have benefited from a price rise.
Yet Amazon, eBay and Price line have evolved rapidly and eventually been distributors of the market.
Examples of sales representatives for B2C cover sales representatives marketing vehicles, audio systems and exercise facilities. Although certain B2C items (true estate, vehicles, boats etc.) are at a high price.
Imagine that a major car company has been able to plan production to coincide with sales forecasts. As new inventory comes into the showroom, customers purchase it, and there is no unsold inventory and no unfilled orders. How can we best describe this phenomenon?
Answer:
JIT production and JIT purchasing
Explanation:
JIT production and JIT purchasing under this process entity does not have extra material in stores and extra inventory produced.
as per the just in time
there is no benefit of holding inventory at stores
producing extra units does not add value they are useless until they are sold.
According to just in time inventory should be purchased when order has been placed and production process should start in order to meet the customers orders.
there are some conditions for this process
there should be very system to meet the order on time
there should be relaible production system units produced should not be poor quality goods
there should reliable suppliers to supply the material on time to meet the customers orders and avoid the stock out costs.
On December 31, year 3, Byte Co. had capitalized software costs of $600,000 with an economic life of four years. Sales for year 4 were 10% of expected total sales of the software. At December 31, year 4, the software had a net realizable value of $480,000. In its December 31, year 4 balance sheet, what amount should Byte report as net capitalized cost of computer software?
a. $432,000
b. $450,000
c. $480,000
d. $540,000
Answer:
correct option is b. $450,000
Explanation:
given data
capitalized software costs = $600,000
expected total sales = 10%
sale = 4 year
net realizable value = $480,000
solution
we get here net capitalized cost of computer software that is express as
net capitalized cost of computer software = Year 1 balance - Year 2 amortization .................1
here
Year 2 amortization is
Year 2 amortization = capitalized software costs ÷ total projected sale .......2
Year 2 amortization = [tex]\frac{600000}{4}[/tex]
Year 2 amortization = $150,000
so here
Year 2 net capitalized cost is = $600,000 - $150,000
Year 2 net capitalized cost is $450000
so correct option is b. $450,000
You want to retire exactly 40 years from today with $1,970,000 in your retirement account. If you think you can earn an interest rate of 10.15 percent compounded monthly, how much must you deposit each month to fund your retirement
Final answer:
To retire with $1,970,000 in 40 years at a 10.15% interest rate compounded monthly, approximately $940.37 must be deposited each month.
Explanation:
To determine how much must be deposited each month to retire with $1,970,000 in 40 years at an interest rate of 10.15 percent compounded monthly, we use the formula for the future value of an annuity:
FV = P × { [((1 + r)^n) - 1] / r }
Where:
FV is the future value of the annuity, which is $1,970,000.
P is the periodic payment (monthly deposit).
r is the monthly interest rate (10.15% annual rate / 12 months).
n is the total number of payments (40 years × 12 months).
First, we convert the annual interest rate to a monthly rate:
r = 10.15% / 12
r = 0.84625%
Next, we calculate the total number of months:
n = 40 years × 12 months/year
n = 480 months
Now, we can solve for P using the FV of the annuity formula:
$1,970,000 = P × { [((1 + 0.0084625)^480) - 1] / 0.0084625 }
After performing the calculations:
P ≈ $1,970,000 / 2095.120122
P ≈ $940.37
Therefore, a monthly deposit of approximately $940.37 is needed to fulfill the retirement goal.
A dry cleaning business offers a pick-up and delivery service for a 10 percent surcharge. Management believes 60 percent of the existing customers will take advantage of this service. They are also considering offering customers the option of opening an account and receiving monthly bills. They believe 60 percent of customers (regardless of whether or not they use the pick-up service) will use the account service. If the two services are introduced to the market, what is the probability a customer uses neither of these services
The probability that the consumer would use both the services is 0.36.
Explanation:
Probability is a numerical portrayal of how likely an occasion is to happen or how likely it is that a suggestion is valid. Likelihood is a number somewhere in the range of 0 and 1, where, generally, 0 demonstrates inconceivability and 1 shows assurance.
Since the probability of using the account service is 0.6, if two services are introduced in the market, then the probability would use neither of the services would be 0.6 into 0.6 which is 0.36.
To find the probability that a customer uses neither the pick-up and delivery service nor the account service, we can find the complement of both events and calculate the probability of their intersection. The probability is 0.64.
Explanation:To calculate the probability that a customer uses neither the pick-up and delivery service nor the account service, we need to find the complement of the events. Let's denote the event of using the pick-up and delivery service as A, and the event of using the account service as B. We are given that 60% of existing customers will use the pick-up and delivery service (P(A) = 0.60), and 60% of customers will use the account service regardless of whether they use the pick-up and delivery service (P(B) = 0.60).
To find the probability of a customer using neither service, we need to find P(A' ∩ B'), which represents the complement of both events A and B. The formula for finding the probability of the intersection of two events is P(A ∩ B) = P(A) * P(B).
However, we want to find the complement of both events, so we subtract the probability of their intersection from 1. Therefore, the probability of a customer using neither service is given by:
P(A' ∩ B') = 1 - P(A ∩ B)
Substituting the known probabilities, we get:
P(A' ∩ B') = 1 - (P(A) * P(B))
P(A' ∩ B') = 1 - (0.60 * 0.60)
P(A' ∩ B') = 1 - 0.36
P(A' ∩ B') = 0.64
Item weight is the:______________. 1. Measure of how much consumers demand a particular item. 2. Percentage of the typical consumer budget spent on the item. 3. Significance placed on a particular item by the wealthiest households. 4. Physical weight of a good or service.
Answer:
2) Percentage of the typical consumer budget spent on the item.
Explanation:
In microeconomics, item weight refers to the money spent on purchasing a specific product with respect of the total money spent in total purchases. Item weight is usually measured as a percent of a specific purchase over the total purchases made by a consumer or household.
A.J. is the vice president for Keane Products, a marketing consulting firm. On a business trip to New York City in 2019, he meets with three executives from Keane’s top account. After the meeting, A.J. takes them to dinner and then to the theater. The theater tickets cost $350. The cost of the meal is $190, including sales tax of $17 and a tip of $34. Throughout the evening, A.J. pays $42 in cab fares. How much can A. J. deduct as a business expense?
Answer:
$312
Explanation:
Business Travel expenses are costs incurred when you are away from home on businesses. Accordingly, in this case, AJ is allowed to deduct 50% of his entertainment costs (that is, meal and theater tickets) since it follows a substantial business discussion. The cost of transportation, that is the cab fare is fully covered under the business expenses as it is not subject to the 50% rule of deduction for entertainment and the likes.
Thus,
Total money AJ can deduct as business expenses.
= (50% of 350) + (50% of 190) + 42
= 175 + 95 + 42
= $312
Which job would most likely be paid salary plus commission?
Answer:
Sales Job
Explanation:
Salary plus the commission is a form of compensation to employees by employers mostly in the sales profession. The salesperson receives a fixed salary plus a commission based on the sales achieved. The commission is usually a percentage of the sales volumes or the sales in dollars.
The commission is a form of motivation for the salesperson. The more the sales, the higher the commission. It is a good way of encouraging the sales team to achieve higher sales volumes. The fixed salary assures the employees of an income if the sales do not perform as expected.
Final answer:
A Financial consultant job is most likely to offer a salary plus commission, in contrast to hourly paid service jobs like a crew member or cleaning staff which typically do not include commissions.
Explanation:
The job most likely to be paid a salary plus commission among the listed options Lana encountered is that of a Financial consultant. Professional and related jobs, especially those in the sales category, often come with a base salary and the potential for additional earnings through commission—particularly when these roles demand advanced skills and substantial education.
Positions like a Burger Queen crew member or a Wall's Mart cleaning crew person are typically paid on an hourly basis, due to the nature of these roles being in the service sector, where wages can vary extensively based on the level of training required. In contrast, jobs that are within professional fields tend to compensate their employees through salaries and, for those roles associated with sales, additional commissions. This reflects not only a difference in compensation structure but also the requirement for higher education and specialized training. For instance, a Financial consultant is likely to be a lucrative career choice due to the expertise required and potential for sales-based incentives.
Tom's Taxidermy expects to sell 1,200 units of its specialty preservation product. The managerial accountant reported that manager must sell 700 units of specialty product to breakeven. Compute the margin of safety in units.
Answer:
The margin of safety is 500 units
Explanation:
Margin of safety is the amount by which sales may fall before a company makes a loss.
It is Calculated as Expected Sales less Break Even Units
Remember : Break-even is the level at which a Company makes neither a profit or a loss
Margin of Safety = 1200 units -700 units
=500 units
A firm derives revenue from two sources: goods X and Y. Annual revenues from good X and Y are $10,000 and...?
A firm derives revenue from two sources: goods X and Y. Annual revenues from good X and Y are $10,000 and $20,000, respectively. If the price elasticity of demand for good X is -4.0 and the cross-price elasticity of demand between Y and X is 2.0 then a 2 percent price decrease will
a. Increase total revenues from X and Y by $520
b. Decrease total revenues from X and Y by $520
c. Leave total revenues from X and Y unchanged
d. Decrease total revenues from X and Y by $600
A 2% price decrease will increase total revenues from goods X and Y by $520.
Explanation:The price elasticity of demand measures how responsive the quantity demanded of a good is to a change in price. A price elasticity of demand of -4.0 indicates that a 1% decrease in price will result in a 4% increase in quantity demanded. The cross-price elasticity of demand measures how the quantity demanded of one good changes in response to a change in the price of another good. A cross-price elasticity of demand of 2.0 indicates that a 1% increase in the price of good X will result in a 2% increase in the quantity demanded of good Y.
In this scenario, if the price of good X decreases by 2%, the quantity demanded will increase by 2% x (-4) = -8%. However, the revenue from good X will increase because the price decrease will be more than offset by the increase in quantity demanded. The revenue from good Y will also increase because a 2% increase in the quantity demanded of good Y will result in a 2% x 2 = 4% increase in revenue.
Therefore, the total revenue from goods X and Y will increase by $520. The correct answer is option a. Increase total revenues from X and Y by $520.
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A manager has decided to improve the physical work environment in his office to ensure that incumbents have fewer physical ailments. Which job design approach would be most helpful to him? a. Mechanistic approach b. Biological approach C. Motivational approach d. Perceptual-motor approach
If a manager's aim is to reduce physical ailments within the workspace, the biological approach to job design, which aligns tasks with human abilities and constraints to lessen physical strain, would be the most effective.
Explanation:The manager would benefit most from using the biological approach if his goal is to improve the physical work environment: to prevent physical ailments in employees. This job design approach is concerned with minimizing the physical strain on the worker by designing tasks that align with human capabilities and limitations. The biological approach would involve ergonomics (the study of efficiency in working environments) and could include changes such as adjusting the height of desks or providing ergonomic chairs. It could also involve improving the office layout to minimise the need for physically straining activities, or ensuring that workstations are positioned to allow for natural light, which can decrease eye strain and improve mood.
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The most helpful job design approach for a manager looking to improve the physical work environment is the Biological approach, which focuses on creating a comfortable and safe workplace through factors such as proper lighting, ventilation, and ergonomic furniture and equipment.
Explanation:The job design approach that would be most helpful to a manager looking to improve the physical work environment and reduce physical ailments among incumbents is the Biological approach. This approach focuses on ensuring that the work environment is ergonomically designed to promote the well-being and health of employees. It emphasizes factors such as proper lighting, ventilation, noise control, and ergonomic furniture and equipment to create a comfortable and safe workplace.
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Georgia, a widow, has take-home pay of $600 a week from her part-time job. Her disability insurance coverage replaces 70 percent of her earnings after a four-week waiting period. What amount would she receive in disability benefits if an illness kept Georgia off work for 16 weeks
Answer:
Disability benefit = $5,040
Explanation:
Given:
Pay off per week = $600
Insurance coverage = 70 percent = 0.70
Waiting period = 4 week
Computation of disability benefits:
Disability benefit = Per Week benefit × Total Number of Covered weeks
= (Insurance coverage × Pay off per week) × (off work - Waiting period)
= (0.70 × $600) × (16 - 4)
= $420 × 12
= $5,040
If the selling price per unit is $66, variable expenses per unit are $41, target operating income is $31,000, and total fixed expenses are $21,000, how many units must be sold to reach the target operating income?
oi oi siempre todos
Explanation:
mmm... los dias es ooh oop
ease answer the question below based on the closing spot and the July futures contract prices for euros for four consecutive days in March 20XX. No calculations are necessary. Date 3/01 3/02 3/03 3/04 Euro Spot Price $1.1585 $1.1589 $1.1584 $1.1593 July euro Futures Contract Price $1.1850 $1.1812 $1.1823 $1.1820 If a person sold euro futures on _____ then he/she will post a profit on ____ :
Answer:
If a person sold euro futures on 3/01 then he/she will post a profit on 3/02 :
Explanation:
Date 3/01 3/02 3/03 3/04
Euro Spot Price $1.1585 $1.1589 $1.1584 $1.1593
July euro Futures Contract Price $1.1850 $1.1812 $1.1823 $1.1820
On March 1, the price of the euro futures contract was $1.1850 per euro, which means that a €1,000 contract is worth $1,185.50. On March 2, the euro futures contract was worth less, only $1.1812 per euro, that means that a €1,000 contract is worth $1,181.20. So you could have earned $1,185.50 - $1,181.20 = $4.30 per contract. It doesn't seem much, but it represents a 0.36% gain in one day.
Mathew had purchased 100 shares of Blue Corporation for $100 per share. Currently, the stocks of Blue Corporation are trading at $150. Which of the following is the return on Mathew’s investment on one share?
(A) 65%
(B) 50%
(C) 75%
(D) 80%
(E) 40%
Answer:
B) 50%
Explanation:
Matthew's total return on investment = (current price - original purchase price) / original purchase price
= ($150 - $100) / $100 = $50 / $100 = 0.5 or 50%
To be able to determine the annual rate of return we would need to know when did Mathew purchase the shares.
Bill Pope has developed a new device that is so exciting he is considering quitting his job in order to produce and market it on a large-scale basis. Bill will rent a garage for $300 per month for production purposes. Utilities will cost $40 per month. Bill has already taken an industrial design course at the local community college to helo prepare for this venture. The course cost $300. Bill will rent production equipment at a monthly cost of $800. He estimates the material cost per unit will be $5, and the labor cost will be $3. He will hire workers and spend his time promoting the product. To do this he will quit his job which pays $3,000 per month. Advertising and promotion will cost $900 per month.Required: Complete the chart by placing an "X" under each heading that helos to identify the cost involved. There can be "Xs" placed under more than one heading for a simple cost., e.g., a cost might be a sunk cost, an overhead cost and a product cost; there would be an "X" placed under each of these headings opposite the cost.
Answer:
Costs of: Opportunity Sunk Variable Fixed MOH Product Selling Differential
Garage rent (Fixed)........................................X
Utilities (Fixed).................................................X
Cost of the industrial design course (Sunk) ... ''the cost has been spent''
Equipment rented .(Fixed)...............................X
Material cost (Variable)...................X
Labor cost (Variable).......................X
Present salary (Opportunity cost / Differential Cost)..'He wont earn anymore'
Advertising (Fixed and Selling Costs)............X...................................X
Explanation:
Costs of: Opportunity Sunk Variable Fixed MOH Product Selling Differential
Garage rent (Fixed)........................................X
Utilities (Fixed).................................................X
Cost of the industrial design course (Sunk) ... ''the cost has been spent''
Equipment rented .(Fixed)...............................X
Material cost (Variable)...................X
Labor cost (Variable).......................X
Present salary (Opportunity cost / Differential Cost)..'He wont earn anymore'
Advertising (Fixed and Selling Costs)............X...................................X
1. Garage rent is fixed Manufacturing Overhead because he will pay a fixed rent amount every month.
2. Utilities is fixed Manufacturing Overhead because he will pay a fixed amount every month.
3. Cost of the industrial design course is Sunk because the cost has been spent already
4. Equipment rented is fixed Manufacturing Overhead because he will pay a fixed amount every month.
5. Material cost is variable because it will depend on how much produced every month.
6. Labor cost is variable because it will depend on how much produced every month.
7. Present salary is an Opportunity cost because wont earn salary anymore when he starts the business; this is also differential because it is the difference between the cost of the two alternative decisions
Advertising is a fixed Selling costs because he will pay a fixed amount every month and it is related to sales not production.
Recall that last year the overall printing costs were $2.31 per calendar, totalling $19,183. Max is very disappointed to learn that printing costs for the calendars are going to be higher this year. The unit cost per calendar will be $2.45. If Max prints only the number of calendars that he projects to be sold, what do you project overall calendar profits to be this year (assuming he sells them for the same price as last year
Answer:
$19,278
Explanation:
since the total costs were $19,183 and the cost per unit is $2.31, it means that last year 8,300 calendars were printed. The sales price was $5 per calendar. Last year there were 9,600 students and 7,200 calendars sold, which represents 75% (= 7,200 / 9,600) of total students.
If next year, the number of students is expected to rise to 10,080, so the number of calendars sold should be = 10,080 x 75% = 7,560 calendars.
If Max keeps the same selling price, then estimated profits should be:
(7,560 calendars x $5 per calendar) - (7,560 calendars x $2.45 per calendar) = $37,800 - $18,522 = $19,278
There are information you missed in your question, here they are below:
Max is the marketing manager at the university bookstore. He is developing his marketing plans for next school year. The bookstore is charged by the university to be a profit center for the school, therefore its important that Max manage the bookstore and price its products in a way to generate profits.
One of the most popular products the bookstore carries are academic calendars to help students keep track of key dates throughout the school year.
The university has 10,080 students registered for the upcoming Fall semester, an increase of 5% versus a year ago. Last year he sold 7,200 calendars at $5.00 each. The overall calendar sales were a bit disappointing, as he had to throw away 1,100 calendars that went unsold. The cost of creating and printing the calendars was $19,183. He'd like to estimate his sales better this year to eliminate waste and maximize his profits.
Answer:
The projected overall calendar profit for this year is $19,278
Explanation:
Firstly, since enrollment grew by 5% from what was obtainable last year. We will then determine the number of people who were in the school the previous year. Let's denote that number of students by "a".
5/100 × a = number of students this year
5/100 × a = 10,800
(5a + 100a)/100 = 10,080
105a = 1008000
a = 1008000/105
a = 9,600 students (number of students in the school last year).
Since max sold 7200 calendars and the number of students that were enrolled last year were 9,600, The sales penetration or percentage of students that purchased the calendars the previous year (assuming one student bought just one)
= number of calendars sold/number of students × 100
= 7200/9600 × 100
= 75%
Since there are now 10080 students expected for the fall semester, the predicted sales penetration will be 75% of the number of students enrolled for this year's study =
75/100 × 10,080
= 7,560 (this is the number of calendars that Max projects to be sold).
So, if he prints only 7,560 calendars bearing in mind that cost of printing calendars have increased from $2.31 to $2.45, the cost of printing the 7,560 calendars =
7,560 × $2.45 = $18,522
Now, since max intends selling these calendars that he will print $5 (the same price he sold the calendars last year), the total amount that he will realize after selling the printed 7,560 calendars
= $5 × 7,560
= $37,800
Since, he will realize $37,800 after sales but the cost of printing them is $18,522 , the profit for the sale of the calendars will be:-
$37,800 - $18,522
= $19,278.
This would be the projected overall calendar profit for this year
When formulating new products, if an offending flavor is present, the food scientist should consider using a: Select one: a. Masker b. Enhancer c. Blocker d. Both A and C are correct
Answer:
a. Masker
Explanation :
When formulating a new product the food scientist finds an offending flavor is present in the food substance he is more likely to use a masker as to cover or balance the flavor with something else and thereby formulating a modified new product. Maybe the addition of a new substance or changes in the taste of the product.The teaching profession in the United States has been understaffed in recent years. The non-profit organization Teach for America identifies, selects, motivates, develops, compensates and evaluates qualified candidates to teach in public schools. This process is known as:______.
a. human resource management.
b. recruiting and developing.
c. scheduling and managing.
d. on-the-job training.
e. management development.
Contracts for sale may contain sections that cause implementation of the contract to depend on the successful completion of some prior action such as the buyer's ability to obtain financing on specified terms. This type of contract is commonly referred to as __________.
Answer:
C. contract with contingencies
Explanation:
Real estate contracts that contain contingencies or provisions that must be met before the real estate contract can be fulfilled are called contracts with contingencies. If this contingencies or provisions are not fully satisfied, the contact is null or void, e.g. the buyer will only proceed with the operation if the house passes the inspection.
Messing Company has an agreement with a third-party credit card company, which calls for cash to be received immediately upon deposit of customers' credit card sales receipts. The credit card company receives 3.5 percent of card sales as its fee. Messing has $4,000 in credit card sales on January 1. Prepare the January 1 journal entry for Messing Company by selecting the account names from the drop-down menus and entering the dollar amounts in the debitor credit columns
Answer:
Thee jounal entry for January 1 of Messing Company is done below.
Explanation:
3.5% * 4000 = 140
Date Account Titles Dr Cr
Jan 1 Cash $3,860
Credit Card Expense 140
Sales Revenue 4,000
The journal for Messing Company on January 1, should show a debit of $3860 to the cash account, a credit of $4000 to the sales revenue account, and a debit of $140 to the service charge expense account based on the fee payable to the credit card company.
Explanation:In order to prepare the journal entry for Messing Company on January 1, we would first acknowledge the total sales amount which is $4000 and then calculate the fee payable to the credit card company. The fee is 3.5 percent of card sales so that would be $4000 x 3.5/100 = $140.
Now, let's prepare the journal entry:
Cash account would be debited (increased) by the amount received i.e. sales - fee = $4000 - $140 = $3860. Sales Revenue account would be credited (increased) by the total sales amount received i.e. $4000.Service Charge Expense account (or an equivalent account representing expenses related to credit card operations) would be debited (increased) by $140, the fee paid to the credit card company.Learn more about Journal Entries here:https://brainly.com/question/33762471
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Rollerbeam Inc., a provider of engineering services, is looking to hire several maintenance engineers. Rollerbeam's HR department checks with the company's engineering department to confirm that the scenarios mentioned in the test are plausible real-world scenarios that maintenance engineers might face. Which of the following types of validation is Rollerbeam's HR team performing?a. Criterion
b. Concurrent
c. Content
d. Predictive
Answer:
Content validation
Mr. Noriega paid $700 for each of three suits. Since all of the suits were pleasing to his taste, he would have been willing to pay according to this schedule: $950 for the first suit, $800 for the second suit, and $700 for the third suit. How much was his consumer surplus?a. $100.b. $150.c. $350.d. $250.
Answer: C)$350
Explanation:
First suit
Price willing to pay=$950
Actual paid price=$700
Consumer surplus=$950-$700
=$250
Second suit
Price willing to pay=$800
Actual paid price=$700
Consumer surplus=$800-$700
=$100
Third suit
Price willing to pay=$700
Actual paid price=$700
Consumer surplus=$700-$700
=$0
Total surplus= 1st+2nd+ 3rd consumer surplus
= $250+$100+$0
=$350