Markup percentage x variable cost per unit = desired ROI per unit + fixed cost per unit. After that, you calculate the markup %. Cost-plus-pricing = break-even price * profit margin target is a straightforward formula.
The overall cost to the business of producing the good or service is the break-even price. The company's desired/expected profit level is referred to as the profit margin goal. Add the appropriate profit margin to the cost of providing the service.
Direct labor cost, direct raw material cost, and variable manufacturing overhead are added together and divided by the total number of units produced to arrive at variable costing accounting.
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Angela, the person in charge of the company preparing the short videos for you website, has suggested that you work together to prepare a detailed list of resources available to help prepare scripts and edit the videos they will create. You decide to use animations instead of real people in the videos, and Angela’s company has a lot of experience in that area. Together, you decide that you will need someone to take on the roles of script writers, script editors, animators, sound experts, content editors, and technical editors. Angela and her team will do all of the animating, sound, and technical work and will provide guidance for you and your team to do the other work. To keep costs down and stay on schedule, you decide to plan for all of the video work to be done in 20 days, using no more than 240 total hours of effort, with about half of the effort from Angela’s company. Prepare a resource histogram to estimate the number of hours by role for each of the 20 days. Document key assumptions you make in preparing the histogram.
The resource histogram will provide an estimate of the number of hours each role will need to complete their tasks over the 20-day period.
Key assumptions include that each role will need the same amount of hours each day and that the total effort will not exceed 240 hours. It is also assumed that Angela’s company will provide half of the total effort, meaning that the other roles will need to provide the other half.
Additionally, it is assumed that the script writing and editing tasks are the most time-consuming, with the other roles needing less time to complete their tasks. The resource histogram will help ensure that the project is completed on time and within the allotted budget.
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shares of stock in a _______ corporation are available for sale to the public and are widely held.
Shares of stock in a public corporation are available for sale to the public and are widely held. A public corporation is a business entity that has issued stock to the general public and is traded on a stock exchange.
This means that anyone can purchase shares of the company's stock through a broker or online platform. Public corporations are required to adhere to certain regulations and disclosures, such as filing financial reports with the Securities and Exchange Commission (SEC), in order to maintain transparency with their shareholders.
The benefit of investing in a public corporation is that it offers investors the opportunity to own a portion of the company and potentially earn a return on their investment through dividends or capital gains. However, it also means that the company's management is accountable to its shareholders and must prioritize their interests over their own.
Additionally, because public corporations are widely held, there can be fluctuations in the stock price due to market demand and economic conditions. Overall, investing in shares of a public corporation can be a valuable way to diversify one's portfolio and potentially earn a return on investment.
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who is resonsbile for setting standards for financial audits of ogvernmnet and not-for-profit orgianzations
Standards for financial audits of governmental and nonprofit organisations are established in the US by the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).
The Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB) are in charge of developing guidelines for financial audits of public and nonprofit organisations in the United States.
While FASB is in charge of defining generally accepted accounting standards (GAAP) for for-profit businesses and not-for-profit organisations, GASB is an autonomous organisation that creates GAAP for state and local governments. The Securities and Exchange Commission (SEC) has recognised both boards, which seek to guarantee the veracity and openness of financial reporting for their respective industries.
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"That old equipment for producing oil drums is worn out," said Bill Seebach, president of Hondrich Company. "We need to make a decision quickly." The company is trying to decide whether it should rent new equipment and continue to make its oil drums internally or whether it should discontinue production and purchase them from an outside supplier. The alternatives follow:
Alternative 1: Rent new equipment for producing the oil drums for $160,000 per year.
Alternative 2: Purchase oil drums from an outside supplier for $18.35 each.
Hondrich Company’s costs per unit of producing the oil drums internally (with the old equipment) are given below. These costs are based on a current activity level of 32,000 units per year:
Direct materials $ 5.60 Direct labour 7.00 Variable overhead 2.00 Fixed overhead ($2.50 supervision, $1.80 depreciation, and $4.00 general company overhead) 8.30 Total cost per unit $ 22.90 The new equipment would be more efficient and, according to the manufacturer, would reduce direct labour costs and variable overhead costs by 25%. Supervision cost ($80,000 per year) and direct materials cost per unit would not be affected by the new equipment. The new equipment’s capacity would be 50,000 oil drums per year.
The total general company overhead would be unaffected by this decision.
Required:
1. Seebach is unsure what the company should do and would like an analysis showing the unit costs and total costs for each of the two alternatives given above. Assume that 32,000 oil drums are needed each year.
a. What will be the total relevant cost of 32,000 subassemblies if they are manufactured internally as compared to being purchased?
Total relevant cost (32,000 subassemblies?):
b. What would be the per unit cost of the each subassembly manufactured internally? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Per unit cost of sub assemblies:
c. Which course of action would you recommend to the president?
Multiple Choice, choose 1
A. Purchase from the outside supplier
B. Manufacture internally
C. Indifferent between the two alternatives
The total cost of 32,000 subassemblies manufactured internally is: $732,800.
To calculate the total relevant cost of 32,000 subassemblies manufactured internally, we need to add up the total cost per unit for each element (direct materials, direct labor, variable overhead, and fixed overhead).
Direct materials cost per unit is $5.60, direct labor cost per unit is $7.00, and variable overhead cost per unit is $2.00. Fixed overhead cost per unit is $8.30, which is calculated as the sum of $2.50 for supervision, $1.80 for depreciation, and $4.00 for general company overhead.
The total cost per unit is therefore $22.90. Multiplying this by the number of subassemblies needed (32,000) gives us a total relevant cost of $732,800.
b. The per unit cost of each subassembly manufactured internally is $17.18.
To calculate the per unit cost of each subassembly manufactured internally with the new equipment, we need to adjust the relevant costs based on the 25% reduction in direct labor costs and variable overhead costs.
The adjusted direct labor cost per unit is $5.25 ($7.00 x 0.75), and the adjusted variable overhead cost per unit is $1.50 ($2.00 x 0.75). The total variable cost per unit is therefore $11.35 ($5.60 + $5.25 + $1.50). Adding the fixed overhead cost per unit ($8.30) gives us a total cost per unit of $19.65.
Therefore, the per unit cost of each subassembly manufactured internally with the new equipment is $17.18 ($19.65 x 0.875).
c. The course of action recommended would be to: purchase from the outside supplier.
Based on the analysis, the per unit cost of each subassembly manufactured internally with the new equipment is $17.18, while the cost of purchasing from an outside supplier is $18.35 per unit.
Since the cost of purchasing from an outside supplier is lower, the company should purchase the oil drums from an outside supplier. This would result in cost savings of $46,400 ($18.35 x 32,000 - $160,000) compared to renting new equipment to manufacture the oil drums internally.
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tom has just started working as an office manager for a small pediatric practice. he is responsible for managing the nurses' hotline and presenting trends in call types to his boss each month. he uses microsoft powerpoint 2016 to create his presentations.tom is ready to create his first presentation. he starts powerpoint and sees .select one:a.a blank slide with the two content layoutb.a blank slide with the title only layoutc.the slide layout dialog boxd.the powerpoint start screen
Tom has just started working as an office manager for a small pediatric practice and is responsible for managing the nurses' hotline and presenting trends in call types to his boss each month. To create his presentations, he uses Microsoft PowerPoint 2016. So the answer is (d) the powerpoint start screen.
When Tom opens PowerPoint 2016 to create his first presentation, he will initially see the PowerPoint Start Screen. The Start Screen provides various options, such as selecting a new blank presentation, choosing from pre-built templates, or opening a recent presentation. In Tom's case, he can start with a new blank presentation to create his monthly report.
Once he selects the new blank presentation, PowerPoint will automatically generate a blank slide with the Title Slide layout. This layout typically contains a title placeholder and a subtitle placeholder. Tom can enter the presentation title and any relevant subtitle or date in these placeholders.
After setting up the Title Slide, Tom can add more slides with different layouts by clicking on the New Slide button and selecting the desired layout from the dropdown menu.
Some common layouts include the two content layout and the title only layout. By utilizing these layouts, Tom can efficiently present trends and data to his boss in a clear, concise manner.
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robert is 17 years old. he lies to bouyers auto in order to induce it to sell him a new pickup. bouyers falls for this lie and sells him the pickup. in most jurisdictions, robert: a. may disaffirm and get his money back. b. may not disaffirm since he lied. c. must restore bouyers to its position before contracting with him. d. will receive his money less depreciation
This is because, in most jurisdictions, minors have the right to disaffirm (cancel) contracts they enter into, as they are considered to lack the legal capacity to enter into binding contracts. The fact that Robert lied does not necessarily prevent him from exercising this right. When a minor disaffirms a contract, they are generally entitled to a refund of any money paid.
Robert lied to Bouyers Auto in order to induce them to sell him a new pickup. In most jurisdictions, Robert may not disaffirm since he lied. Lying in order to induce a seller to sell a product is considered fraudulent misrepresentation, which is a breach of contract. Therefore, Robert must restore Bouyers to its position before contracting with him. This means that he will be required to return the pickup and receive his money back. However, Bouyers may deduct any depreciation of the vehicle caused by Robert's use of it before returning the money.
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The answer to the question is that in most jurisdictions, Robert may not disaffirm the contract and keep the pickup since he lied to Bouyers Auto in order to induce the sale.
However, the specific legal consequences for Robert's actions may vary depending on the jurisdiction and the specific circumstances of the case.
In general, minors (individuals under the age of 18) have the legal right to disaffirm (cancel) a contract they entered into while they were still a minor. This means that they can usually get their money back and return any goods they received under the contract. However, there are some exceptions to this rule, and one of them is when the minor lies or commits fraud in order to induce the other party to enter into the contract.
In Robert's case, he lied to Bouyers Auto in order to induce the sale of the new pickup. This means that he intentionally deceived the auto dealership in order to get them to sell him the vehicle. Since this constitutes fraud, Robert may not be able to disaffirm the contract and keep the pickup. Instead, he may be required to restore Bouyers Auto to its position before contracting with him, which could mean returning the pickup and potentially paying damages to the dealership.
It's worth noting that the specific legal consequences for Robert's actions may vary depending on the jurisdiction and the specific circumstances of the case. Some jurisdictions may allow minors to disaffirm contracts even if they committed fraud, while others may require minors to pay damages to the other party. It's best to consult with a legal professional to get specific advice on Robert's situation.
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suppose that the cost of producing x sheets of paper is c=f(x) dollars. (a) what are the units of f′(x)? (write each word in its entirety, in lower case). units:
The units of f'(x) are "dollars per sheet of paper."The derivative of a function represents the rate of change of the function with respect to its input variable.
In this case, f'(x) represents the rate of change of the cost of producing x sheets of paper with respect to the number of sheets produced. Therefore, the units of f'(x) are the units of cost divided by the units of the input variable, which in this case is "dollars per sheet of paper."
The units of f'(x) can be derived using the definition of the derivative. The derivative of a function f(x) is defined as:
f'(x) = lim (h->0) [f(x+h) - f(x)] / h
where h represents a small change in the input variable x. In this case, x represents the number of sheets of paper produced and f(x) represents the cost of producing x sheets of paper. Therefore, the units of f(x) are "dollars" since it represents a cost.
To find the units of f'(x), we need to divide the units of f(x) by the units of h. Since h represents a small change in the input variable x, its units are the same as the units of x, which in this case is "sheets of paper."
Therefore, the units of f'(x) are:
dollars / sheets of paper
Simplifying this expression, we get:
dollars per sheet of paper
This represents the rate of change of the cost of producing a single sheet of paper with respect to the number of sheets produced.
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A project that costs $3,000 to install will provide annual cash flows of $800 for each of the next 6 years.
Calculate the NPV if the discount rate is 10%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)NPV ___ $Is this project worth pursuing? yes/no
Using the given information, we can calculate the NPV of the project as follows: this project is worth pursuing because it has a positive NPV at a discount rate of 10%.
NPV =[tex](-$3,000) + ($800 / (1+0.10)^1) + ($800 / (1+0.10)^2) + ($800 / (1+0.10)^3) + ($800 / (1+0.10)^4) + ($800 / (1+0.10)^5) + ($800 / (1+0.10)^6)[/tex]
NPV = -$3,000 + $727.27 + $661.16 + $600.15 + $544.68 + $494.26 + $448.50
NPV = $486.02
The calculated NPV is $486.02, which is positive. Therefore, this project is worth pursuing because it has a positive NPV at a discount rate of 10%.
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if fixed costs are $216,000, the unit selling price is $40, and the unit variable costs are $25, what is the break-even sales (in units)?
The break-even sales (in units) can be calculated by dividing the total fixed costs by the contribution margin per unit. The contribution margin per unit is the difference between the unit selling price and the unit variable cost.
Contribution margin per unit = Unit selling price - Unit variable cost
= $40 - $25
= $15
Break-even sales (in units) = Total fixed costs ÷ Contribution margin per unit
= $216,000 ÷ $15
= 14,400 units
Therefore, the company needs to sell 14,400 units in order to break even and cover all of its fixed and variable costs.
In summary, the break-even sales (in units) can be calculated by dividing the total fixed costs by the contribution margin per unit, which is the difference between the unit selling price and the unit variable cost. In this case, the break-even sales is 14,400 units.
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when the level of debt increases the risk to debt holders, does it also increase the rsik to equity holders? if it does, what happens to the required return to equity as more debt is used?
Yes, when the level of debt increases, it does increase the risk to equity holders.
This is because as more debt is used, the company's financial leverage increases, which means that the company is relying more heavily on borrowed funds to finance its operations. This puts equity holders at risk because if the company's earnings decrease or it is unable to meet its debt obligations, it may be forced to declare bankruptcy, which could result in a total loss for equity holders.
As the risk to equity holders increases, the required return to equity will also increase. This is because investors will demand a higher return to compensate for the additional risk they are taking on by investing in a company with a higher debt-to-equity ratio.
This is known as the "leverage effect" and it means that the cost of equity capital will increase as more debt is used. Ultimately, companies must balance the benefits of using debt to finance their operations with the increased risk and cost of capital associated with higher levels of debt.
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In Lewin's force field analysis technique, the maintenance of status quo can be viewed as a(n):
a. state of equilibrium.
b. restraining force.
c. immovable object.
d. potential for agitation.
Lewin's force field analysis technique is a method used to identify and evaluate the forces that impact a situation or problem.
In this technique, the maintenance of the status quo is viewed as a restraining force.
This is because the status quo represents the current state of affairs, and any change to this state would require the overcoming of the existing forces that are holding it in place.
These forces are considered to be restraining because they act as a barrier to change, making it difficult to move away from the current state of affairs.
The maintenance of the status quo can also be viewed as a state of equilibrium, where the various forces in the situation are balanced against each other.
This equilibrium state is what keeps the situation stable and prevents any significant changes from occurring.
However, this state of equilibrium can also be seen as an immovable object, as it can be difficult to shift or change the status quo.
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an implication of the intertemporal budget constraint is that select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a the government can borrow only as much as it can credibly pay back. b the government can borrow as much as it wants. c the government must have a balanced budget every year. d the government must balance its budget over the business cycle.
The intertemporal budget constraint implies that the government can only borrow money that it can credibly repay. This means that the government must be able to demonstrate that it has the capacity to pay back its debt, either through revenue generation or economic growth.
The intertemporal budget constraint is a concept in economics that emphasizes the need for governments to balance their budgets over time, taking into account both current and future expenditures and revenues. This means that the government must be able to sustain its borrowing over the long term, rather than simply borrowing as much as it wants in the short term. By borrowing only as much as it can credibly pay back, the government can avoid default and maintain the confidence of lenders and investors.
This constraint means that the government cannot continuously borrow more than it can reasonably repay, considering its future revenue and economic growth prospects.
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a branch of the u.s. treasury department, called the ________, administers the federal tax system.
The branch of the U.S. Treasury Department responsible for administering the federal tax system is called the Internal Revenue Service (IRS).
What's IRS?The IRS is responsible for collecting taxes, enforcing tax laws, and providing assistance to taxpayers. The agency also oversees tax-exempt organizations, such as charities and non-profit organizations.
The IRS is an essential part of the U.S. government's revenue collection system and plays a critical role in ensuring that individuals and businesses pay their fair share of taxes.
The agency is also responsible for processing tax returns, issuing refunds, and conducting audits to ensure compliance with tax laws.
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a local brewing company is trying to decide which type of dark beer to brew for the fall. due to competition in the dark brew market, they stand to make $40,000 if they make porter and the market demand for dark beer is strong, however, if the market demand is weak, they will only make $10,000. if they brew stout instead, they estimate a payoff of $70,000 if the market is strong and a loss of $10,000 if the market for dark beer is weak. the company president has stated that they can not plan to brew any dark beer this fall unless they can expect to make at least $30,000 on it. given this constraint and using the expected value approach, what decision would the brewing company make?
Using the expected value approach, we can calculate the expected payoff for each option. For the porter, the expected payoff is (0.6 x $40,000) + (0.4 x $10,000) = $28,000. For the stout, the expected payoff is (0.6 x $70,000) + (0.4 x -$10,000) = $38,000.
Since the brewing company president stated that they can not plan to brew any dark beer this fall unless they can expect to make at least $30,000 on it, they should choose to brew stout since the expected payoff for stout is higher than $30,000. Therefore, the brewing company should choose to brew stout for the fall.
This means that if the probability of strong market demand is greater than or equal to 0.5 and the probability of weak market demand is less than or equal to 0.5, then the expected value of profit for either type of dark beer will be at least $30,000.
Therefore, the brewing company should choose the type of dark beer that has the highest expected value of profit under these constraints. Since the expected value of profit is higher for Stout when the market is strong, the brewing company should choose to brew Stout.
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an old man thinks it is time to upgrade his maserati from 2002 to a brand new model 2017. the old car has a residual value as represented by the index 500, 1000, 1500, and 2000, where 500 represents low quality (high maintenance costs) and 2000 represents high quality (low maintenance costs). each index value is equally likely. many students are interested in the car, which has become affordable. assume that the gain to trade equals 250 (measured in index units). (a) suppose that neither the old man nor the students no know much about cars. this assumption represents genuine uncertainty. what is the market price of the car? (b) suppose that the old man is greedy and knowledgeable about cars, while students are clueless about the quality of the car. the old man knows the true value, while the students only know the distribution. this assumption represents extreme infor- mation asymmetry. what is the market price of the car?
The market price of the car would be 1750 index units.
(a) In the case of genuine uncertainty, the market price of the car can be calculated as the expected value of the residual value index, taking into account the gain to trade of 250 index units. Therefore, the market price would be:
Market price = Expected residual value index + Gain to trade
Market price = (500 + 1000 + 1500 + 2000)/4 + 250
Market price = 1375
Therefore, the market price of the car would be 1375 index units.
(b) In the case of extreme information asymmetry, the old man would try to sell the car at a price close to its true value, while the students would be willing to pay a higher price due to their lack of knowledge about the car's quality. Therefore, the market price would be closer to the true value of the car.
If the old man knows the true value of the car, he would know the true residual value index. Let's say the true residual value index is 1500. The old man would try to sell the car at a price close to the true value, while the students would be willing to pay a higher price due to their lack of knowledge. Therefore, the market price would be:
Market price = True residual value index + Gain to trade
Market price = 1500 + 250
Market price = 1750
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Taxes on wagesA. are paid only by individuals who are self-employed.B. generate revenues earmarked for mandatory spending purposes.C. generate revenues earmarked for discretionary spending purposes.D. rise as a percentage of income as income increases.
Taxes on wages, also known as income taxes, play a significant role in generating government revenue. The correct option for this question is B. Taxes on wages generate revenues earmarked for mandatory spending purposes.
Mandatory spending refers to expenditures that are required by law, such as Social Security, Medicare, and Medicaid. These programs are funded by payroll taxes paid by both employees and employers, ensuring that these essential services are provided to eligible individuals. This revenue is dedicated specifically to these mandatory spending programs and is not available for discretionary spending.
Option A is incorrect because taxes on wages are paid by all employed individuals, not just those who are self-employed. Self-employed individuals are required to pay both the employer and employee portions of these taxes, known as self-employment tax.
Option C is not accurate because taxes on wages are not primarily used for discretionary spending purposes. Discretionary spending is determined by the annual budget process and includes areas such as defense, education, and infrastructure. These expenses are typically funded through other sources of government revenue, such as corporate taxes and tariffs.
Option D is incorrect because it refers to a progressive tax system, which may be true for some countries, but it does not accurately describe the overall purpose of taxes on wages. While progressive taxation does cause higher-income earners to pay a larger percentage of their income in taxes, the primary purpose of taxes on wages is to fund mandatory spending programs.
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a(n) _____ is a financial reward calculated on a weekly, monthly, or annual basis.
A salary is a financial reward calculated on a weekly, monthly, or annual basis.
What's salary?This form of compensation is typically agreed upon by an employer and an employee as part of an employment contract. Unlike hourly wages, which are based on the number of hours worked, a salary remains consistent regardless of hours worked.
This provides employees with predictable income and financial stability, while also ensuring employers maintain a consistent labor budget. In some cases, salaried employees may be eligible for additional benefits such as health insurance, retirement plans, and paid time off.
Overall, a salary serves as an important aspect of an employee's compensation package and plays a significant role in attracting and retaining talent within an organization.
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grayson is planning on opening his own landscaping business. he currently earns $45,000 per year working for his uncle but grayson will need to quit that job if he wants to open his own business. he hires one employee at an annual wage of $20,000. he needs to pay rent of $5,000 per year. he plans to use $25,000 in savings to pay for the equipment he needs, and the market value of the equipment at the end of the year is $20,000. the current interest rate on savings is 5 percent. grayson also buys $4,000 of services from other firms. grayson predicts that the revenue from the new landscaping company is $150,000 a year. what is total opportunity cost incurred by grayson in opening his own business?
Total opportunity cost: $45,000 + $20,000 + $5,000 + $5,000 + $1,250 + $4,000 = $80,250
The total opportunity cost incurred by Grayson in opening his own business is the value of the next best alternative that he had to give up. In this case, Grayson had to give up his current job that pays him $45,000 per year to start his own business. Therefore, his opportunity cost is $45,000. Additionally, Grayson had to invest $25,000 in his business equipment, which could have earned him 5 percent interest in a savings account, or $1,250. This is another opportunity cost. Therefore, the total opportunity cost incurred by Grayson in opening his own business is $45,000 + $1,250 = $46,250.
Grayson's total opportunity cost for opening his landscaping business includes the foregone salary from his current job, employee wages, rent, depreciation of equipment, foregone interest on savings, and the cost of services from other firms.
1. Foregone salary: $45,000
2. Employee wages: $20,000
3. Rent: $5,000
4. Equipment depreciation: $25,000 (initial value) - $20,000 (end-of-year value) = $5,000
5. Foregone interest on savings: $25,000 * 0.05 = $1,250
6. Services from other firms: $4,000
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setting one price for all buyers of a product or service is referred to as __________.
Setting one price for all buyers of a product or service is referred to as fixed pricing. Fixed pricing is a pricing strategy where a seller sets a single price for a product or service, regardless of who the buyer is.
This pricing strategy is commonly used in retail businesses where prices are displayed on labels or tags on the products. The price is usually based on the cost of production, the value of the product, and the competition in the market.
While fixed pricing is a simple and easy-to-use pricing strategy, it may not be the most effective pricing strategy for all businesses. Some businesses may benefit from dynamic pricing, where the price of a product or service fluctuates based on market demand, seasonality, or other factors.
Dynamic pricing allows businesses to maximize their profits by adjusting prices to match the changing market conditions.
In summary, fixed pricing is a common pricing strategy used in retail businesses where a single price is set for a product or service for all buyers. However, businesses should also consider other pricing strategies like dynamic pricing to maximize their profits and stay competitive in the market.
In this pricing strategy, businesses charge the same price for a product or service regardless of variations in customer demographics or preferences. Uniform pricing is commonly used for standardized products or services, ensuring simplicity in transactions and offering a consistent value proposition to all customers.
This approach can benefit both the seller and buyer by reducing confusion, facilitating easier comparisons between competing offerings, and promoting fairness in the marketplace. However, it may not account for differences in customers' willingness to pay or cater to their unique needs, potentially limiting revenue and customization opportunities.
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1. What is the economic order quantity for Zhou's AirWing bicycle? A.79. B.42. C.37. D.68.
None of the provided answer choices (A, B, C, or D) match the calculated EOQ.
Assuming the following values:
Annual demand for Zhou's AirWing bicycle = 1000 units
Ordering cost per order = $100
Holding cost per unit = $5
We can calculate the economic order quantity (EOQ) using the EOQ formula:
EOQ = sqrt((2 * Annual Demand * Ordering Cost) / Holding Cost per Unit)
EOQ = sqrt((2 * 1000 * 100) / 5)
EOQ = sqrt(200000 / 5)
EOQ = sqrt(40000)
EOQ ≈ 200
Therefore, the economic order quantity for Zhou's AirWing bicycle is approximately 200 units. None of the provided answer choices (A, B, C, or D) match the calculated EOQ.
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Zhou Bicycle Company (ZBC), Located In Seattle, Is A Wholesale Distributor Of Bicycles And Bicycle Parts. Formed In 1981 By University Of Washington Professor Yong-Pin Zhou, The Firm’s Primary Retail Outlets Are Located Within A 400-Mile Radius Of The Distribution Center. These Retail Outlets Receive The Order From ZBC Within 2 Days After Notifying The
Zhou Bicycle Company (ZBC), located in Seattle, is a wholesale distributor of bicycles and bicycle parts. Formed in 1981 by University of Washington Professor Yong-Pin Zhou, the firm’s primary retail outlets are located within a 400-mile radius of the distribution center. These retail outlets receive the order from ZBC within 2 days after notifying the distribution center, provided that the stock is available. However, if an order is not fulfilled by the company, no backorder is placed; the retailers arrange to get their shipment from other distributors, and ZBC loses that amount of business.
The company distributes a wide variety of bicycles. The most popular model, and the major source of revenue to the company, is the AirWing. ZBC receives all the models from a single manufacturer in China, and shipment takes as long as 4 weeks from the time an order is placed. With the cost of communication, paperwork, and customs clearance included, ZBC estimates that each time an order is placed, it incurs a cost of $65. The purchase price paid by ZBC, per bicycle, is roughly 60% of the suggested retail price for all the styles available, and the inventory carrying cost is 1% per month (12% per year) of the purchase price paid by ZBC. The retail price (paid by the customers) for the AirWing is $170 per bicycle.
ZBC is interested in making an inventory plan for 2019. The firm wants to maintain a 95% service level with its customers to minimize the losses on the lost orders. The data collected for the past 2 years are summarized in the following table. A forecast for AirWing model sales in 2019 has been developed and will be used to make an inventory plan for ZBC.
Month
2017
2018
Forecast for 2019
January
6
7
8
February
12
14
15
March
24
27
31
April
46
53
59
May
75
86
97
June
47
54
60
July
30
34
39
August
18
21
24
September
13
15
16
October
12
13
15
November
22
25
28
December
38
42
47
Total
343
391
439
the aida approach gains attention, generates interest, creates desire, and then motivates action. how can you encourage action in the closing of persuasive sales messages? check all that apply.
The AIDA approach gains attention, generates interest, creates desire, and then motivates action.
To encourage action in the closing of persuasive sales messages, you can consider the following steps:
a. Clearly state the desired action: Make sure to specify the action you want the recipient to take, such as signing up for a newsletter, making a purchase, or scheduling a meeting.
b. Create a sense of urgency: Encourage the recipient to act quickly by setting a deadline or offering a limited-time promotion.
c. Offer incentives: Provide discounts, special offers, or exclusive benefits to entice the recipient to take action.
e. Provide testimonials or social proof: Share positive feedback or success stories from other customers to build trust and credibility.
f. Make the next steps easy to follow: Simplify the process of taking action by providing clear instructions, direct links, or a streamlined process.
By implementing these techniques, you can effectively encourage action in the closing of persuasive sales messages using the AIDA approach.
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which is correct? a company can increase its profit by increasing production if, at its current level of production, a. marginal revenue-marginal cost
A company can increase its profit by increasing production if its marginal revenue is greater than its marginal cost. In other words, as long as the company can produce each additional unit at a cost that is lower than the revenue generated from selling that unit, increasing production will lead to increased profits.
An answer would also consider other factors that could impact the company's profitability, such as market demand, competition, and fixed costs. It's possible that increased production could lead to lower prices or decreased demand, which would offset any gains in revenue from increased production. Additionally, if the company has high fixed costs, increasing production may not be feasible or cost-effective.
Overall, while increasing production can be a viable strategy for increasing profits, it's important to consider all relevant factors and evaluate the potential costs and benefits carefully.
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Someone at a team meeting who says, "Let's hear from those who oppose this plan" is performing a ______ role.
A. maintenance
B. social
C. coordinator
D. reorientation
E. task
The person at the team meeting who says, "Let's hear from those who oppose this plan" is performing a social role.
The social role is concerned with improving the communication and relationships among the team members.
By encouraging opposition to the plan, this person is fostering a healthy debate and allowing for different perspectives to be heard.
This can ultimately lead to a better decision-making process and a more cohesive team.
While the other roles such as maintenance, coordinator, reorientation, and task are important in their own right, they do not directly relate to the social aspect of team communication and collaboration.
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what is the equity multiplier for a bank whose equity is equal to 10 percent of total assets?
The equity multiplier for a bank whose equity is equal to 10 percent of total assets is 10. This means that for every dollar of equity, the bank has $10 of assets, with $9 being financed through debt.
The equity multiplier is a financial ratio that shows the extent to which a company's assets are financed through debt. To calculate the equity multiplier, you need to divide the company's total assets by its total equity.
In the case of a bank whose equity is equal to 10 percent of its total assets, the equity multiplier can be calculated as follows:
Equity Multiplier = Total Assets / Total Equity
Since the equity is equal to 10 percent of total assets, we can write this as:
Equity Multiplier = Total Assets / 0.1 x Total Assets
Simplifying this expression, we get:
Equity Multiplier = 1 / 0.1
Equity Multiplier = 10
Therefore, the equity multiplier for a bank whose equity is equal to 10 percent of total assets is 10. This means that for every dollar of equity, the bank has $10 of assets, with $9 being financed through debt. This ratio indicates that the bank has a high level of leverage, which can increase its profitability but also increase its risk.
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Question 14 Exhibit: Demand and Supply Curves Price per unit S 25 20 15 10 D 5 0 50 150 250 Quantity per period A price of $25 per unit will result in: a surplus of 50 units. a surplus of 200 units. O O a surplus of 250 units. quantity demanded exceeding quantity supplied. Question 15 1 pts Exhibit: Shifts in Demand and Supply Price per Price per unit Panel (a) Panel (b) unit Si S 0 P: N P P M P2 D D2 D Q: Q Quantity per year Q Q Quantity : Which graph best illustrates what happened in the desktop calculators market when handheld calculators were invented and came on the market? the movement from Mto N in Panel (a). the movement from O to Pin Panel (b). Ο Ο Ο Ο O the movement from N to M in Panel (a). the movement from P to O in Panel (b).
Question 14:
In a market, the quantity supplied and the quantity demanded are two key factors that determine the price and the quantity of a good that is sold. The price at which the quantity supplied equals the quantity demanded is known as the equilibrium price, and the corresponding quantity is known as the equilibrium quantity.
Based on the given exhibit, at a price of $25 per unit, the quantity supplied (S) is 250 units and the quantity demanded (D) is 50 units. Therefore, there will be a surplus of 200 units (250 units supplied - 50 units demanded).
Question 15:
The invention and introduction of handheld calculators would cause a decrease in demand for desktop calculators. In the given graphs, Panel (a) demonstrates a decrease in demand from D to D2. T
his is represented by the movement from M to N in Panel (a). So, the graph that best illustrates the situation in the desktop calculators market when handheld calculators were invented and came on the market is the movement from M to N in Panel (a).
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according to a recent u.s. census report, the type of product that sells best online is:
According to a recent U.S. Census report, the type of product that sells best online is actually a bit difficult to pinpoint. The report notes that e-commerce sales have been growing steadily in recent years across a wide range of product categories.
In 2019, for example, the top-selling product categories online included electronics and appliances, clothing and accessories, and home and garden products. However, it's important to note that different products may sell better online depending on the retailer and the target market. For example, a niche retailer that specializes in outdoor gear may find that camping and hiking products sell particularly well online, while a fashion retailer may find that dresses and accessories are their top sellers. Ultimately, the key to success in e-commerce is understanding your target market and meeting their needs with high-quality products and a seamless online shopping experience. By staying up-to-date with consumer trends and leveraging the latest e-commerce technologies, businesses can drive sales and grow their online presence in the highly competitive digital marketplace.
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describe the relationship between per capita msw generation in the high-income nations versus the low-income nations.
Per capita Municipal Solid Waste (MSW) generation tends to be higher in high-income nations compared to low-income nations. This is primarily due to differences in lifestyle, consumption patterns, and waste management infrastructure.
The relationship between per capita msw generation in the high-income nations versus the low-income nations.High-income countries have higher levels of consumption, resulting in increased trash creation per person. Furthermore, high-income countries frequently have more established waste management infrastructure,
Low-income countries, on the other hand, frequently have lower levels of consumption and less established waste management infrastructure, which might result in lower levels of trash creation per person.
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which of the following is the appropriate measurement focus for custodial funds? group of answer choices accrual basis. cash and cash equivalents. economic resources. current financial resources.
The appropriate measurement focus for custodial funds is the current financial resources basis, which means that only cash and other assets that can be converted to cash within one year are included in the fund balance.
Accrual basis and economic resources basis are not appropriate for custodial funds as they do not focus on the current resources available to the custodial entity.
The appropriate measurement focus for custodial funds is "economic resources." This means that custodial funds should focus on measuring all inflows and outflows of resources, regardless of when cash is received or paid. This is different from the cash basis, which only measures transactions when cash is exchanged, or current financial resources, which focuses on short-term financial obligations. Economic resources provide a more comprehensive view of the financial position of custodial funds.
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a project is expected to generate annual revenues of $128,100, with variable costs of $78,700, and fixed costs of $19,200. the annual depreciation is $4,500 and the tax rate is 40 percent. what is the annual operating cash flow?
The annual operating cash flow for the project is $22,620.
To calculate the annual operating cash flow for the project with the given information, follow these steps:
1. Subtract variable costs and fixed costs from the annual revenues to determine the operating income:
$128,100 - $78,700 - $19,200 = $30,200
2. Add the annual depreciation to the operating income: $30,200 + $4,500 = $34,700
3. Calculate the taxes by multiplying the operating income by the tax rate: $30,200 * 40% = $12,080
4. Subtract the taxes from the operating income: $30,200 - $12,080 = $18,120
5. Finally, add the annual depreciation back to the net operating income after taxes: $18,120 + $4,500 = $22,620
The annual operating cash flow for the project is $22,620.
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On november 8, it sold 14 units for $42 each. using the lifo perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 14 units sold?
The cost of goods sold (COGS) for the 14 units sold on November 8th using the LIFO perpetual inventory method would be $560.
To calculate the amount recorded in the cost of goods sold account (COGS) using the LIFO perpetual inventory method, we need to look at the most recent inventory purchases. Assuming there were 20 units purchased at different costs, we need to first determine which 14 units were sold.
Using LIFO, we assume that the most recent units purchased are sold first. Therefore, the cost of goods sold will be based on the cost of the last 14 units purchased.
Assuming the last 20 units were purchased at different costs, we can use the following chart to determine the cost of goods sold:
Date Units Cost/Unit Total Cost
Oct. 1 5 $35 $175
Oct. 15 6 $38 $228
Oct. 30 9 $40 $360
Nov. 8 -14 $40 -$560
Total $203
As you can see from the chart, the last 14 units purchased at a cost of $40 each were sold on November 8th.
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