In fact, the most products are brought to you from series of other individuals or firms known as marketing channel.
What is a marketing channel?A marketing channel comprises of the individuals, groups, and tasks required to move ownership of products from the point of production to the point of consumption. It serves as a distribution route and is how things are delivered to consumers, who are the ultimate users. The development of an efficient and well-thought-out marketing strategy depends on the usage of a marketing channel as a management tool. Utilizing more than one distribution route, this less conventional type of the channel enables the manufacturer or wholesaler to reach the end customer. The producer has the option of selling to a different business or retailer who would then market to the consumer through a different channel, such as a store, or directly to them through a direct market like a website.
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Buddy is a product of the Baldwin company which is primarily in the Nano segment, but is also sold in another segment. Baldwin starts to create their sales forecast by assuming all policies (R&D, Marketing, and Production) for all competitors are equal this year over last. For this question assume that all 1128 of units of Buddy are sold in the Nano segment. If the competitive environment remains unchanged and Buddy sales increased by 7% last year, what will be the Buddy product's demand next year (in 000?s)?
a. 1286
b. 1207
c. 2572
d. 1128
Buddy product's demand next year, given the increase in sales last year, and the competitive environment remaining unchanged, is b. 1207 units
How to find the product demand ?All of the 1, 128 units of Buddy were sold in the Nano segment which means that 1, 128 units is the current demand. The competitive environment did not change so the growth in sales and demand should be sustained.
This means that the product demand next year would be:
= Current demand x ( 1 + increase in sales )
= 1, 128 x ( 1 + 7 %)
= 1, 207 units
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a principal may be liable for a tort committed by an agent if it was done within the scope of the agency or employment, but is not responsible for an agents frolics
It is completely appropriate and factually correct to mention that a principal may be liable for a tort committed by an agent if it was done within the scope of the agency or employment, but is not responsible for an agent's frolics. Therefore, the statement given above holds true.
A principal is held responsible for the acts committed by one or many of the agents, because there exists a vicarious liability in the principal-agent relationship. Under the scope of the vicarious liability, the agent is also responsible for the acts of the principal.
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in developing countries, farm productivity is low because group of answer choices half of the labor force is involved in industrial activities. half of the labor force is involved in the service sector. more than half of the population consists of old people. farming methods are generally primitive. people prefer leisure over working. previousnext
The majority of the time, farming practices are basic in underdeveloped nations.
What issues does agriculture face in emerging nations?Because to growing crop water demand and drought, the amount of water needed for food production may become more scarce. As some regions become climatically unsuited for production, competition for land may increase.
What elements are influencing the growth of agriculture?The primary physical elements that affect agriculture are topography, soil, and climate. Topography/relief: Land cultivation challenges, soil erosion, and inadequate transportation networks and infrastructure are all related to topography. Depending on the topography of the used area, agriculture can be mechanized.
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belinda owns a small company that makes cookies and cupcakes. since her company is small, she does not have the budget to advertise her product on television, the radio, or in newspapers. belinda is not worried however, since she knows that she can get consumers' attention with the attractive box her products come in. she plans to build her brand through the of her product.
Belinda is not worried however, since she knows that she can get consumers' attention with the attractive box her products come in. She plans to build her brand through the packaging of her product.
How do you refer to a small business?Companies that are considered small-sized organizations have fewer than 50 employees, while those that are considered medium-sized have fewer than 250. There are micro-companies, which have less than ten employees, in addition to small and mid-sized businesses.
How do small businesses function?Revenue for the company (from $1 million to over $40 million) and employment are used to identify small businesses (from 100 to over 1,500 employees). For instance, if a roofing contractor's yearly earnings are $16.5 million or less, that business is considered small according to the SBA definition.
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a company's employees work both in sales and in record-keeping. when the company introduces a sales contest, it is most likely to affect the staff's
A company's employees work both in sales and record-keeping. when the company introduces a sales contest, it is most likely to affect the staff's productivity and morale.
What is a sales contest?A sales contest is a program that aims to increase salespeople's enthusiasm by rewarding them according to their performance. Your team can get the push they need to increase an important statistic by using sales competitions to encourage the appropriate behaviors.
When similar employees perform different tasks in an organization they are considered multitasking. In the given case employees work both in sales and in record-keeping.
If any sales contest introduces by the company it will affect the productivity of employees and result in improved motivation as they received appreciation for the work they have done.
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in 2020, mrs. owens paid $50,000 for 3,000 shares of a mutual fund and elected to reinvest year-end dividends in additional shares. in 2020 and 2021, she received form 1099s reporting the following. reinvested dividends shares purchased price per share total shares owned 2020 $ 4,800 240 $ 20 3,240 2021 $ 3,150 150 $ 21 3,390 if mrs. owens sells her 3,390 shares in early 2022 for $22 per share, compute her recognized gain.
Proceeds: 3390*22 = $74,580, Cost Basis: $50,000 + $4,800 + $3,150 = $57,950, Gain/Loss: $74,580 - $57,950 = $16,630. Mutual funds enable you to combine your cash with other investors to "mutually" purchase stocks, bonds, and other investments.
A pooled collection of assets known as a mutual fund invests in stocks, bonds, and other securities. When you purchase a mutual fund, you acquire a more diversified holding than you would with an individual security, and if you satisfy the minimum investment criteria, you can benefit from the ease of automatic investing. Income. The fund is obligated to pay out dividends and interest to its shareholders when the underlying security in which it invests pays them. Gains in capital. A fund generates money when it sells an underlying investment for more than it originally paid for it. The fund earns a "net capital gain" and is compelled to transfer that gain to its shareholders when its entire earnings surpass its total losses.
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question 2-4 will use the following scenario: tesla, inc. offers a solar panel roof product for household usage. after learning more about the product, you are interested in installing this solar roof and would like to learn more about the two different payment schemes: cash and financing
If you are interested in installing the solar roof and would like to learn more about two different payment schemes that are cash and financing.
What is financing?Financing is the process of supplying capital for commercial ventures, purchases, or investments. To help consumers, businesses, and investors reach their objectives, financial institutions like banks are involved in the business of supplying capital. In order to create a market for money, financing also benefits from the reality that some people in an economy will have extra cash that they want to invest to earn returns while others need it to make investments. The two primary funding options for businesses are debt financing and equity financing. Debt is a loan that must frequently be repaid with interest but is frequently less expensive than borrowing capital due to tax deduction considerations.
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after salespeople generate leads, they must _______ those prospects by determining whether these pontential customers can afford the products and are in the position to make this decision
qualify
Salespeople must qualify leads they have generated by ascertaining whether potential clients can afford the products and are in a position to buy them.
Prospecting and qualifying, the initial stage of the selling process, entails finding potential clients and determining whether they have the means and desire to make a purchase. Those individuals and groups are eligible candidates who fit these requirements. Among other things, you should take into account the industry, company size, company priorities, and present difficulties. If they don't perfectly match the customer profile, that's okay. After all, ideal client profiles aren't always entirely compatible with businesses in the real world.
An identified need: A need that is not being met is the most fundamental requirement for identifying whether someone is a prospect for a product. Prospects who are aware of a need should be given priority by the salesperson, but those who are not yet aware of one should also be taken into consideration. Prospecting. Prospecting is the initial stage of the sales process. You locate potential clients in this stage and assess whether they require your good or service and whether they can afford what you have to offer.
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the european central bank may attempt to stimulate the eurozone's economy with reduced concern about causing inflation if the euro's value is expected to:
the european central bank may attempt to stimulate the eurozone's economy with reduced concern about causing inflation if the euro's value is expected to: strengthen
An organisation that controls a nation's or monetary union's commercial banking system and regulates its currency and monetary policy is known as a central bank, reserve bank, or monetary authority. A central bank has the exclusive right to expand the monetary base, unlike a commercial bank. In order to guarantee the stability of member institutions, prevent bank runs, and deter careless or dishonest activity by member banks, the majority of central banks also possess supervisory and regulatory authorities.
Most industrialised countries' central banks have institutional independence from political meddling. Even yet, the executive and legislative branches only have very little influence.
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which of the following is not a characteristic of a capital expenditure, for the purposes of government budgeting? a.
recurring nature
b.
large price tag
c.
long life
d.
intergenerational equity
The following is not a characteristic of a capital expenditure, for the purposes of government budgeting recurring nature.
Which of the following is a government capital expenditure?Capital expenditures are government outlays that result in the augmentation of the economy's capital assets. Spending on assets like land, buildings, investments in shares, etc. is known as capital expenditure.
What do you mean by government investment spending?Government investment refers to the acquisition of commodities and services by the government for future use. This covers transfer payments made up of income transfers, as well as public consumption, investment, and transfer payments.
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even though japan had a higher growth rate of real gdp per person than the united states over the last 120 years, it's level of real gdp per person is less than that of the united states.
Even though Japan had a higher growth rate of real GDP per person than the U.S. over the last 120 years, it's level of real GDP per person is less than that of the U.S. is correct.
Japan is the third largest economy in the world, with a GDP of $5.3 trillion. The country is known for its export-driven economy, with key exports including automobiles, electronics, and machinery.
Japan GDP is also a major player in the global financial market, with the Tokyo Stock Exchange being the largest in Asia. The country has a strong workforce and a highly developed infrastructure, making it a major economic powerhouse.
Hence, the correct option is "D".
The question is incomplete, the complete question is:
Which of the following is correct?
a. Countries with the highest growth rates over the last 120 years are the ones that had the highest level of real GDP 120 years ago.
b. Most countries have had little fluctuation around their average growth rates during the past 120 years.
c. The ranking of countries by income changes little over time.
d. Even though Japan had a higher growth rate of real GDP per person than the U.S. over the last 120 years, it's level of real GDP per person is less than that of the U.S.
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compared to consumers who do not retain a strong ethnic identification, consumer who have a strong ethnic identification are: more brand loyal more likely to buy brands that are featured in ads that are targeted to their ethnic group have a more negative attitude toward business all of the above none of the above'
Compared to consumers who do not retain a strong ethnic identification, consumers who have a strong ethnic identification are targeted to their ethnic group.
A subculture is a group of people who share a set of secondary values, such as environmentalists. Many factors can place an individual in one or several subcultures. People of a subculture are part of a larger culture but also share a specific identity within a smaller group.
Ethnic and racial groups share the language, food, and customs of their heritage. Other subcultures are united by shared experiences. Biker culture revolves around a dedication to motorcycles. Some subcultures are formed by members who possess traits or preferences that differ from the majority of a society’s population. The body modification community embraces aesthetic additions to the human body, such as tattoos, piercings, and certain forms of plastic surgery. In Canada and the United States, adolescents often form subcultures to develop a shared youth identity. Alcoholics Anonymous offers support to those suffering from alcoholism. But even as members of a subculture band together, they still identify with and participate in the larger society.
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Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither.
-I paid $37 for a used laptop last week. This week, the same store is selling laptops for $34.
-Even though I was willing to pay up to $51 for a jersey sweater and even though the seller was willing to go as low as $45 in order to sell it, we couldn't reach a deal because the government imposed a tax of $16 on the sale of sweaters.
Neither
The following statements states about the concept of consumer surplus, producer surplus, or neither.
Consumer surplus is an economic measure of the gains that consumers receive as a result of market competition. When the price that consumers pay for a product or service is less than the price that they are willing to pay.
This is referred to as a consumer surplus. It is a measure of the additional benefit that customers obtain from paying less than they were willing to pay for something.
The space below the downward-sloping demand curve, or the amount a consumer is prepared to spend for specified quantities of an item above the actual market price of the good, is shown by a horizontal line that is drawn between the demand curve and y-axis.
The difference between how much a person is ready to pay for a certain amount of a thing and how much they may obtain by selling the good at the market price is known as the producer surplus.
The difference or excess amount is the advantage received by the producer for selling the product in the market. A producer surplus is created when market prices exceed the lowest price that producers would normally accept for their commodities. This might be related to Walras' law.
1. Neither -The statement refers to the impact of taxes on consumer and producer excess.
2. Customer surplus - The statement implies that the consumer purchased the goods for a cheaper price than he or she is prepared to pay.
3. Producer Surplus - The term implies that the producer earns more money than he or she is willing to sell.
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yearly trends: 3 points calculate and explain three year trends for the following financial measures: statement of income: total operating revenue, total operating expense and net from operations balance sheet: total assets and total liabilities summary of financial and utilization: profit/loss per unit (explain).
The three main types financial statements are the balance sheet, the income statement, and the cash flow statement. These three statements together show the assets and liabilities of a business, its revenues and costs, as well as its cash flows from operating, investing, and financing activities.
Finance is the study and discipline of money, currency and capital assets. it's far associated with, however no longer synonymous with economics, the examine of production, distribution, and consumption of cash, property, items and offerings (the field of monetary economics bridges the 2). Finance activities take location in financial structures at diverse scopes, for that reason the sector may be kind of divided into personal, company, and public finance. In a monetary gadget, belongings are offered, sold, or traded as monetary units, inclusive of currencies, loans, bonds, shares, shares, options, futures, etc.
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your company provides testing services that help customers identify and resolve performance issues with their software and e-commerce sites before they go live. to perform accurate testing, a large number of computers are required, sometimes numbering in the hundreds. recently, you have noticed that the lights in the testing lab seem dimmer than normal and sometimes flicker. which of the following electrical terms best describes the condition you are most likely experiencing?
Brownout is the electrical terms best describes the condition you are most likely experiencing.
A voltage decrease in an electrical power supply system causes a brownout. Unintentional brownouts can be brought on by high energy demand, extreme weather conditions, or a flaw or mistake in the control or monitoring systems for the electrical grid.
It could result from things that are out of our control, including a lack of generation, bad weather, or foreign objects interacting with electrical cables and equipment. This kind of brownout can also be caused by the failure of the line hardware, components, and equipment that is directly linked to power lines.
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the following is a partially completed lower section of a departmental expense allocation spreadsheet for brickland. it reports the total amounts of direct and indirect expenses for the four departments. purchasing department expenses are allocated to the operating departments on the basis of purchase orders. maintenance department expenses are allocated based on square footage.
Compute the amount of Maintenance department expense to be allocated to Assembly. (Do not round your intermediate calculations.)
Purchasing Maintenance Fabrication Assembly
Operating costs $46,000 $26,400 $110,000 $76,000
No. of purchase orders 14 6
Sq.ft. of space 4,000 2,000
$17,600.
$8,800.
$13,200.
$13,800.
$32,200.
Option b. $8,800 is the correct answer. The maintenance expense to be allocated to Assembly is $8800 as per the given budget and allocations
Service Costs are costs incurred by the service departments in assisting the production departments inside the company. Therefore, the service department cost is allocated to the production departments.
Maintenance Department Expense of Assembly = Maintenance Department Expense x (Square Footage of Assembly / Total Square Footage)
Maintenance Department Expense of Assembly = $26,400 x ( 2000 / 6,000)
Maintenance Department Expense of Assembly = $26,400 x 0.3333
Maintenance Department Expense of Assembly = $8799 or $8800
Hence the maintenance department expense of assembly is $8800
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consider a museum that is trying to decide what price to charge for tickets. it knows that the maximum amount students and the elderly would be willing to pay for a ticket is $10. suppose there are 5,000 students and elderly individuals who would buy a ticket at this price. there are also 30,000 adults who would be willing to pay $25 for a ticket. if the museum cannot price discriminate
The museum price discriminates on admission but not souvenirs as the entrance ticket is individual, while souvenirs are transferable.
A museum is a structure or establishment that houses and exhibits a collection of artefacts and other items with scientific, artistic, cultural, or historical significance. These objects are displayed in numerous public museums as temporary or permanent displays that are open to the public.
The largest museums are found in the world's major cities, but there are also thousands of smaller local museums spread throughout smaller cities, villages, and rural areas. The objectives of museums might range from collection preservation and documentation to serving scholars and experts to engaging with the general public. Serving researchers is designed to benefit the public as well as advance science.
The above question is incorrect, the correct question is-
suppose a museum charges different entrance fees for children, students, adults and seniors, but these groups all pay the same amount for souvenirs at the gift shop. which of the following explains why the museum price discriminates on admission but not souvenirs?
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cost analytics can help you .... improve profits by cutting cost without necessarily increasing income benchmark your budget vs. actual cost track every category of expenses all of the above
Cost analytics can help you improve profits by cutting costs without necessarily increasing income benchmark your budget vs. actual cost and track every category of expenses.
Cost-benefit analysis, also known as cost-benefit analysis, is a systematic approach to assessing the strengths and weaknesses of alternatives.
Cost analysis is performed using large amounts of historical procurement data and current market values. This should include not only costs, but also technical information. Capturing this knowledge in a database makes it globally available to all estimators.
Cost analysis, also known as cost-benefit analysis, is the process of calculating potential revenue from a situation or project and subtracting the total costs associated with its completion. Predict the benefits to be obtained from the project and compare the project costs to its estimated economic benefits.
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The following equations describe the monopolist's demand, marginal revenue, total cost, and the marginal cost: What is the monopolist's profit? Demand: P = 10 - Q Marginal Revenue: MR = 10 - 2Q Total Cost: TC = 6+Q+0.5Q² Marginal Cost: MC = 1+Q a. $10.5 b. $7.5 c. $15 d. $8
The profit earned by monopolist is $154.44
100 - 2q = 0
q = 50
Maximization is where q = 0
MR = mc
100 - 2q = 1+q
100-1 = q+2q
99 = 3q
q=33
Price would be 50 -0.34(33)
= 50 - 11.22
= 38.68
Profit earned would be
= 33*38.68 -34*33
= 1276.44 - 1122
= 154.44
The marginal cost alludes to the expansion underway costs created by the development of extra item units. It is otherwise called the marginal cost of production
Marginal revenue is the expansion in income that outcomes from the offer of one extra unit of result. While minor income can stay consistent over a specific degree of result, it keeps from the pattern of consistent, predictable losses and will ultimately dial back as the result level increments.
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in procurements utilizing the negotiated acquisition method, the contract type can be suggested by the offeror, and is negotiable.
It is true that in purchases made using the bargained acquisition technique, the contract type can be discussed and offered by the offeror.
What does "purchasing" mean?The term "procurement" refers to all of the activities a business engages in to acquire the services and products it requires to carry out its daily operations. These activities include procurement, negotiating terms, making purchases, receiving and checking deliveries as necessary, and maintaining records of each step of the process.
What is a procurement example?Samples might include things like materials, tools, services, or goods that help produce the products your business sells. Direct Purchasing: Indirect procurement refers to everything not directly involved in the creation of commodities.
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What is a job outlook?
A job outlook is an estimation of the future demand for workers in a particular occupation or industry. It is based on a variety of factors, such as the current state of the economy, the growth of the industry, technological changes, and demographic trends. A job outlook is typically expressed as a percentage or a numerical value, and it can be used to predict the number of job opportunities, the rate of job growth, and the potential for job losses in a given occupation or industry.
For example, a job outlook may indicate that there is a high demand for workers in a certain field, with a projected growth rate of 5% per year. This means that the number of job opportunities in that field is expected to increase by 5% each year, and that workers in that field are likely to have good job prospects. On the other hand, a job outlook may indicate that there is a low demand for workers in a certain field, with a projected decline in the number of job opportunities. This means that workers in that field may face challenges in finding employment, and that they may need to consider alternative careers.
Overall, a job outlook is a useful tool for workers, employers, and policy makers to understand the future demand for workers in different occupations and industries, and to make informed decisions about career choices, hiring, and workforce development.
a company issues 9% bonds with a par value of $220,000 at par on january 1. the market rate on the date of issuance was 8%. the bonds pay interest semiannually on january 1 and july 1. the cash paid on july 1 to the bondholder(s) is:
The cash paid on July 1 to the bondholder(s) is $9,900.
Who is to be referred to as a bondholder?Bondholders are individuals who possess one or more investment bonds. These covenants protect bondholders from credit-damaging events such as a takeover, leveraged buyout, or restructuring. When a bond matures, the bondholder receives both the principal and the final interest payment. A bondholder has two important rights. The first is to obtain the principal amount of the bond when it matures. Furthermore, the second right is to receive a certain percentage of the bond's value on a regular basis (usually bi-annually).
The payment paid on July 1 to the bondholder = $220,000 × 0.09 × 1/2 year
= $9,900
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A college student wanted to join her friends on a spring break trip but could not afford it. She told her uncle about the trip, and he said that he would pay for it as a graduation gift. In reliance on this promise, the student went on the trip, charging all expenses on her credit card. Upon her graduation, however, the uncle refused to give the student any money.
If the student wishes to bring an action against the uncle, which theory of recovery, if any, would be most advisable for the student to pursue?
(A) Breach of an enforceable contract.
(B) Promissory estoppel.
(C) No theory of recovery is likely to be successful, because a promise to make a gift is not enforceable in these circumstances.
(D) No theory of recovery is likely to be successful, because the vacation was a benefit, not a detriment, to the student.
(B) Promissory estoppel.
A college student wanted to join her friends on a spring break trip but could afford it. If the student wishes to bring an action against the uncle, then the theory of recovery that would be most advisable for the student to pursue would be the Promissory estoppel. So option e. is correct.
Promissory estoppel is the legal principle that a promise is enforceable by law, even if created without formal consideration when a promisor has made a promise to a promisee who then depends on that promise to his subsequent detriment. Promissory estoppel is aimed to stop the promisor from contending that an underlying promise should not be legally defended or enforced. The doctrine of promissory estoppel is an aspect of the law in the United States and other countries, although the precise legal requirements for promissory estoppel vary not only between countries but also between different jurisdictions, such as states, within the same country.
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On December 31, 2019, Novak Inc. borrowed $4,440,000 at 13% payable annually to finance the construction of a new building. In 2020, the company made the following expenditures related to this building: March 1, $532,800; June 1, $888,000; July 1, $2,220,000; December 1, $2,220,000. The building was completed in February 2021. Additional information is provided as follows.
1. Other debt outstanding 10-year, 14% bond, December 31, 2013, interest payable annually $5,920,000
6-year, 11% note, dated December 31, 2017, interest payable annually $2,368,000
2. March 1, 2020, expenditure included land costs of $222,000 3. Interest revenue earned in 2020 $72,520
Determine the amount of interest to be capitalized in 2020 in relation to the construction of the building.
The amount of interest $
List of Accounts
Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date Account Titles and Explanation Debit Credit
December 31, 2020
The sum of $ 183,000 will be Hurston Inc.'s share of the interest expense in 2020.
Entry in a diary:
Building Dr. 183,000
Interest costs for doctors 857,000
Cash in Cr. 1,040,000
Explanation:
2020 Average Investment in Expenses
March 1 360,000 10/12 300,000
June 1600,000 7/12 350,000
July 1 1,500,000 6/12 750,000
Dec1 1,500,000 1/12 125,000
Total 1,525,000
Loans
Actual Int Cost Issued
to finance 12%
3,000,000.00 as of 12/31/2019 360,000
4,000,000 Years Ago, 13%Bond 520,000
1,000,000 years ago, 10%Bond 160,000 Total 1,040,000
Average annual avoided cost
1,525,000 12% 183,000
Total 183,000
The sum of $ 183,000 will be Hurston Inc.'s share of the interest expense in 2020.
entry in a diary
Building Dr. 183,000
Interest costs for doctors 857,000
Cash in Cr. 1,040,000
The cost of the building is capitalized to the interest on land expenditure during construction, which essentially implies that the building is capitalized instead of the land.
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which of the following factors influence the extent to which substitutability is available to a subunit?
Availability of alternatives and replaceability of personnel are the factors influence the extent to which substitutability is available to a subunit.
What is substitutability?In economics and consumer theory, a substitute, or substitutable good, is a good that consumers perceive to be substantially similar to or sufficiently equivalent to another item. A replacement is a product that can be used in place of another.
There are two ways that a product could be substituted. Product B cannot replace Product A, whereas Product A can be substituted in a one-way or unidirectional fashion.
Thus, Availability of alternatives and replaceability of personnel.
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One of the possible objectives of marketing communications is helping consumers evaluate a brand's perceived ability to meet a currently relevant need. Which of the following is a negatively oriented relevant brand need?
A) normal depletion
B) sensory gratification
C) social approval
D) intellectual stimulation
E) value enhancement
Answer: A
A negatively oriented relevant brand need is A) normal depletion.
In the field of marketing, normal depletion can be described as such an expense that a company has to afford in the production of a product that cannot be included in the cost of the product.
Normal depletion is negatively oriented as the burden of the cost of some procedures has to be afforded by the brand itself and hence the brand might try to increase the price of their product to generate more revenue. In this way, normal depletion is negatively oriented for the brand itself but also for the consumers that utilize the product of that brand.
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High Plains Inc. manufacturers furniture in North Dakota. High Plains receives its wood from a lumber yard in Calgary. The lead time for orders is 3 weeks. One of their board costs $15 per unit and the holding cost for this board is $0.5 per week. They manage their inventory to achieve a 99 percent in-stock probability. Weekly demand is for 250 boards with a standard deviation of 200. Use Table 11.5
a. How many boards do they have on on order on average? boards
b. How many boards do they have on hand on average? boards
c. For this board what is the total holding cost incurred per week? per week
(Round your answer to 2 decimal places.) d. What is the holding cost they incur per board? per board
Service level = 99 %
Lead time = 3 weeks
Weekly demand = 250
Standard deviation = 200
a. Reorder point = Demand during lead time + Safety stock
Reorder point = Average weekly demand * lead time + z * sqrt(lead time)* standard deviation of weekly demand
Reorder point = 250 * 3 + NORMSINV(0.99) * sqrt(3) * 200
Reorder point = 750 + 2.33 * sqrt(3) * 200
Reorder point = 750 + 807.14
Reorder point = 1557.14
Reorder point = 1557 (rounding to the nearest whole number)
The number of boards they have on order on average = 1557 boards
b.We have, in a normal distribution,
z = x - mean/standard deviation
2.33 = x- 250/200
x = 250 + 2.33 * 200 = 716
The number of boards they have on hand on average = 716 boards
c. Total holding cost per week = Average inventory * holding cost per week
Total holding cost per week =716/2 * 0.5
Total holding cost per week = 358 * 0.5
Total holding cost per week = $179
d. Holding cost incurred per board = Total holding cost /Number of boards
Holding cost incurred per board = 179/716
Holding cost incurred per board = $0.25
Holding costs are the costs of storing unsold inventory. Storage space, labor, and insurance, as well as the cost of damaged or spoiled goods, are all part of a company's holding costs. Inventory cost reduction is an important supply-chain management strategy.
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TRUE/FALSE. when person a has power over person b because a controls pay raises and promotions that b wants, power exists. reward coercive referent expert legitimate
Legitimate Authority. When someone is in a position of authority over others, they have legitimate power." Understanding that you were given this power and that it can be taken away is essential if you have it.
How powerful is leadership?Power as a leader. Using a variety of strategies to push or prompt action, power is the capacity to influence the behavior of other people with or without resistance. Power is the capacity to complete tasks. In order to achieve a goal or objective, people with power are able to influence others' behavior.
When a leader officially gives up power, what is it called?Give it up in favor of abdicate, a powerful word that can annul a coronation. This should be a royal success, perhaps ironically, if you need a term to describe officially giving up.
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Consider a newly issued TIPS bond with a 3-year maturity, par value of $1,000, and coupon rate of 5%. Assume annual coupon payments.Inflation in Coupon + Principal = TotalTime year just ended Par value payment repayment payment0 $1000.001 3% $1030.00 $51.50 0 $51.502 2% $1050.60 $52.53 0 $52.533 4% $1092.62 $54.63 $1092.62 $1.147.25What are the nominal rate of return and real return on the TIPS bond in the first year?5.00% and 5.00%5.15% and 3.00%8.15% and 5.00%9.10% and 2.10%
The nominal rate of return is 5.15% and real return on the TIPS bond in the first year will be 3.00%.
The rate of return is the amount of money that an investment generates over a period of time, expressed as a percentage of the initial investment. It is a measure of the profitability of an investment, and it reflects the growth of the investment as well as any income it generates.
The nominal rate of return on the TIPS bond in the first year is 5.00%. This is calculated by dividing the coupon payment for the year by the par value of the bond. In this case, the coupon payment is $51.50, so the nominal rate of return is:
$51.50/$1000 = 5.15%.
The real return on the TIPS bond in the first year is 3.00%. This is calculated by subtracting the rate of inflation from the nominal rate of return. In this case, the rate of inflation is 3%, so the real return is:
5.00% - 3.00% = 3.00%.
So the correct answer is 5.15% and 3.00%.
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jack, inc. has three activity pools which have the following costs: machine setups $15,000 material moves $22,000 machine operations $14,000 the activity cost drivers (and driver quantity) for the three pools are, respectively, number of setups (100), number of material moves (220), and number of machine hours (175). product v4 used the following quantity of activity drivers to produce 100 units of final product: 12 setups, 20 material moves, and 32 machine hours. the total abc cost and unit abc cost assigned to product v4 is: select one: a. $10,300 total abc cost and $103. unit abc cost b. $3,630 total abc cost and $36.30 unit abc cost c. $3,300 total abc cost and $330 unit abc cost d. $6,360 total abc cost and $63.60 unit abc cost
Total ABC cost and unit Particulars Amount $ Machine setups 12 setups*$150 per setup 1800 Material moves $20 per material is $3,630 total abc cost and $36.30 unit abc cost.
What do you mean by price?A cost is the worth of money that has been expended in the production or delivery of a good or service and is therefore no longer accessible for use in accounting, retail, research, or accounting. In business, the cost may be one of acquisition, in which case the cost is the sum of the money used to obtain it.
How is cost defined?The cost is the sum of money that a business spends on the development or manufacturing of goods or services. The markup for profit is excluded. The sum of money spent to create a good or product, as seen from the seller's perspective, is the cost.
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