The equilibrium quantity can be found by setting the market demand equal to the market supply and solving for Q. The market demand function is P = 511 - 4Q, and the market supply function is P = 82 + 3Q. Setting them equal to each other, we have 511 - 4Q = 82 + 3Q. Simplifying the equation, we get 7Q = 429, and dividing both sides by 7 gives Q = 61.29. Rounded to 2 decimal places, the equilibrium quantity is 61.29.
To calculate the shortage, we need to compare the quantity demanded and the quantity supplied at the given market price. The market demand function is P = 200 - Q, and the market supply function is P = 50 + 2Q. Setting the market price at 59, we can substitute it into both equations to find the corresponding quantities. For the demand function, 59 = 200 - Q, which gives Q = 141. For the supply function, 59 = 50 + 2Q, which gives Q = 4.5. Since the quantity demanded (141) is greater than the quantity supplied (4.5), there is a shortage in the market. The shortage can be calculated as the difference between the quantity demanded and the quantity supplied, which is 141 - 4.5 = 136.5. Rounded to 2 decimal places, the shortage is 136.50.
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How can different forms of customer insight be used to inform
campaign execution?
Customer insights inform campaign execution by tailoring messaging, targeting, timing, and optimizing campaign performance based on demographics, behavior, feedback, and analytics.
Different forms of customer insight can provide valuable information that can be used to inform campaign execution in several ways.
Firstly, demographic and psychographic insights can help tailor campaign messaging and creative elements to specific target audiences. Understanding the characteristics, interests, and preferences of different customer segments allows marketers to develop more relevant and personalized campaigns.
Secondly, behavioral insights, such as past purchase history or browsing behavior, can guide campaign targeting and timing. By analyzing customer behavior patterns, marketers can identify the most opportune moments to engage with customers and deliver targeted messages or offers.
Thirdly, feedback and sentiment analysis from customer surveys or social media monitoring can provide insights into customer perceptions and preferences. This information can help refine campaign strategies and messaging to better align with customer expectations.
Moreover, data-driven insights from analytics and testing can optimize campaign performance. By monitoring key performance indicators (KPIs) and conducting A/B testing, marketers can identify which elements of the campaign are most effective and make data-backed decisions to optimize future executions.
In summary, customer insights in various forms enable marketers to understand their target audience better, personalize campaigns, identify optimal targeting and timing, align messaging with customer preferences, and optimize campaign performance.
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At the break-even point of 2050 units, variable costs are $52000, and foed costs are $30000. How much is the selling orice per unit?
a $40
b $11
c $15
d not enough intormation
To determine the selling price per unit at the break-even point, we need to consider the total costs and the number of units. The break-even point occurs when the total revenue equals the total costs, and at this point, there is no profit or loss.
Given that the break-even point is 2050 units and the total variable costs are $52000, we can calculate the variable cost per unit by dividing the total variable costs by the number of units:
Variable Cost per Unit = Total Variable Costs / Number of Units
Variable Cost per Unit = $52000 / 2050 units
Variable Cost per Unit ≈ $25.37
To find the selling price per unit, we need to add the variable cost per unit to the fixed cost per unit:
Selling Price per Unit = Variable Cost per Unit + Fixed Cost per Unit
Selling Price per Unit = $25.37 + $30000 / 2050 units
Selling Price per Unit ≈ $39.02
Therefore, the selling price per unit at the break-even point is approximately $39.02. Since this value is not listed as an option, it seems that there is not enough information provided to determine the correct selling price per unit.
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(a) "In the year 2021, the Republic of Congo experienced rising inflation rates caused by government restrictions that allowed businesses to operate at only 30 percent of the workforce. These restrictions were the result of the Covid-19 pandemic." (i) Using an AD-AS diagram, illustrate and explain the type of inflation described above. (6 marks) (ii) In the situation described above, describe what would be the effect on unemployment rates in the Republic of Congo. (4 marks)
The given scenario describes a situation of demand-pull inflation caused by government restrictions during the Covid-19 pandemic.
In an AD-AS (Aggregate Demand-Aggregate Supply) diagram, this type of inflation can be illustrated as follows:
- The AD (Aggregate Demand) curve shifts to the left due to the government restrictions, which reduce consumer and business spending. This results in a decrease in overall demand for goods and services.
- The decrease in aggregate demand leads to a lower level of output and employment, represented by a leftward shift of the short-run AS (Aggregate Supply) curve.
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To the Board of Directors and Shareholders.
We have audited the accompanying Balance Sheet of FBM Inc. as at 31 March 2022 and the related statement of operations , stakeholder equity and cash flow for the twelve months ended 31 March 2022. These financial statement are the responsibility of the company management. Our responsibility is to express an opinion on the financial statements based on our audit.
In our opinion, the financial statements referred to above presents fairly, in all material respects, the financial position of FBM Inc. as at 31 March 2020 and the results of its operations and cash flows for the twelve months ended 31 March 2022, in conformity with the U.S. Generally Accepted Accounting Principles.
The accompanying financial statements have been prepared assuming that the company will continue as a going concern. The company had suffered losses from operations and has a net capital deficiency that raised substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Vasan & Co. Chartered Accountant 1 April, 2022.
Required:
i. What is going concern and What type of audit report is this? (2 marks)
ii. Have the financial statement used the going concern assumption? If yes how was it
indicated in the audit report? (4 marks)
iii) What is the basis for the auditor to form the opinion in the audit report? Who is Vasan & Co.?
i. This is an unqualified audit report.
ii. Yes, the financial statements have used the going concern assumption, as indicated in the audit report.
iii. Vasan & Co. is a chartered accounting firm responsible for conducting the audit and forming the opinion in the report.
i. This is an unqualified audit report.
ii. Yes, the financial statements have used the going concern assumption, and it is indicated in the audit report. The report states that the financial statements have been prepared assuming that the company will continue as a going concern. However, it also mentions that the company had suffered losses from operations and has a net capital deficiency that raised substantial doubt about its ability to continue as a going concern. This indicates that while the assumption has been made, there is a significant risk associated with the company's ability to operate in the future.
iii. The basis for the auditor to form the opinion in the audit report is the audit conducted by Vasan & Co., who are chartered accountants. Vasan & Co. is a professional firm specializing in auditing and assurance services. They have performed an examination of the financial statements of FBM Inc. and expressed their opinion based on their audit. Their role is to assess the financial statements in accordance with the U.S. Generally Accepted Accounting Principles and provide an independent and objective evaluation of the company's financial position, results of operations, and cash flows.
going concern assumption:
The going concern assumption is a fundamental accounting principle that assumes a company will continue its normal business operations in the foreseeable future. It implies that the company is not in danger of liquidation or significant financial distress. When preparing financial statements, management assumes that the company will continue to operate unless there is evidence to the contrary. This assumption allows for the proper valuation of assets, liabilities, revenues, and expenses.
In the audit report, the auditors highlight the use of the going concern assumption by stating that the financial statements have been prepared assuming the company will continue as a going concern. However, they also note the existence of certain factors, such as losses from operations and a net capital deficiency, that raise doubts about the company's ability to continue as a going concern. This disclosure informs the readers of the financial statements about the risks associated with the company's future operations.
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Exercise 20-23 (Algo) Error correction; three errors [LO20-6] Below are three independent and unrelated errors. a. On December 31, 2020, Wolfe Bache Corporation failed to accrue salaries expense of $1,900. In January 2021, when it paid employees for the December 27-January 2 workweek, Wolfe-Bache made the following entry: Salaries expense 1,900 Cash 1,900 b. On the last day of 2020, Midwest Importers received a $92,000 prepayment from a tenant for 2021 rent of a building. Midwest recorded the receipt as rent revenue. The error was discovered midway through 2021. c. At the end of 2020, Dinkins-Lowery Corporation failed to accrue interest of $8,200 on a note receivable. At the beginning of 2021, when the company received the cash, it was recorded as interest revenue. Required: For each error: 1. What would be the effect of each error on the income statement and the balance sheet in the 2020 financial statements? 2. Prepare any journal entries each company should record in 2021 to correct the errors. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare any journal entries each company should record in 2021 to correct the errors. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
There are three independent errors identified in the exercise. Error (a) relates to the failure to accrue salaries expense, error (b) involves the misclassification of a prepayment as rent revenue, and error (c) concerns the failure to accrue interest on a note receivable.
Each error has specific effects on the income statement and balance sheet in the 2020 financial statements. To correct these errors, journal entries need to be recorded in 2021.
Error (a) - Failure to accrue salaries expense:
Effect on income statement: The failure to accrue salaries expense would result in an understatement of expenses in the income statement for 2020.
Effect on balance sheet: There would be no effect on the balance sheet in 2020 since the expense was not recorded.
To correct the error in 2021, the following journal entry should be recorded:
Salaries expense (2020) 1,900
Accrued salaries expense 1,900
Error (b) - Misclassification of prepayment as rent revenue:
Effect on income statement: The misclassification would lead to an overstatement of rent revenue in the income statement for 2020.
Effect on balance sheet: The overstatement of rent revenue would also affect the liability side of the balance sheet, specifically the unearned rent revenue, which would be overstated.
To correct the error in 2021, the following journal entry should be recorded:
Rent revenue (2020) 92,000
Unearned rent revenue 92,000
Error (c) - Failure to accrue interest on a note receivable:
Effect on income statement: The failure to accrue interest would result in an understatement of interest revenue in the income statement for 2020.
Effect on balance sheet: There would be no effect on the balance sheet in 2020 since the interest was not recorded.
To correct the error in 2021, the following journal entry should be recorded:
Interest receivable (2020) 8,200
Interest revenue 8,200
By recording these journal entries in 2021, the errors from 2020 will be corrected, ensuring the accuracy of the financial statements for the respective companies.
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Suppose that you are interested in whether changing the listing of a company's stock from an ATS (Alternative Trading System) to the major national exchange affects the company's stock price. Suppose that you have collected stock prices and computed daily normal and abnormal returns (residuals) for a sample of 6 stocks that have recently changed their listings. You have abnormal returns over a 4-day event window where time t=0 is the standardized announcement date of the stock re-listing. These residuals are listed in the table below: Based on the abnormal returns presented in this table, prepare an event study, produce relevant results and comment on the evidence that might suggest whether changing the listing to a national exchange produces abnormal returns for traders and how quickly these abnormal returns are realized. Standard deviations for average residuals (ARs) and Cumulative Average Residuals (CARs intentionally omitted) to eliminate most of your arithmetic calculation needs are as follows:
An event study was conducted to analyze the impact of changing the listing of a company's stock from an ATS (Alternative Trading System) to a major national exchange on the company's stock price. Abnormal returns (residuals) were calculated over a 4-day event window, with the standardized announcement date of the stock re-listing as time t=0. The analysis aimed to determine if changing the listing to a national exchange results in abnormal returns for traders and how quickly these abnormal returns are realized.
To provide a comprehensive event study, additional information such as the table of abnormal returns and the standard deviations for average residuals (ARs) and Cumulative Average Residuals (CARs) is required. Unfortunately, this information is not provided in the question. Without the necessary data, it is not possible to produce relevant results or comment on the evidence regarding the impact of changing the listing to a national exchange on abnormal returns for traders and the timing of these abnormal returns.
To conduct an event study, one typically examines the cumulative abnormal returns (CARs) over the event window to assess if there are significant abnormal returns associated with the listing change. The CARs are calculated by summing up the abnormal returns for each day within the event window. Statistical tests can be performed to determine if the CARs are statistically significant and differ from zero, indicating abnormal returns.
In this case, since the relevant data is missing, it is not possible to perform the necessary calculations or draw conclusions about the impact of changing the listing to a national exchange on abnormal returns for traders. To conduct a proper event study, the specific data points, abnormal returns, and their corresponding dates are required.
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The yield on a one-year Treasury security is 5.6100%, and the two-year Treasury security has a 6.7320% yield. Assuming that the pure expectations theory is correct, what is the market's estimate of the one-year Treasury rate one year from now? (Note: Do not round your intermediate calculations.) 9.9897% 6.686% 7.8659% 8.9671% Recall that on a one-year Treasury security the yield is 5.6100% and 6.7320% on a two-year Treasury security. Suppose the one-year security does not have a maturity risk premium, but the two-year security does and it is 0.25%. What is the market's estimate of the one-year Treasury rate one year from now? (Note: Do not round your intermediate calculations.) 7.3612% 9.3487% 6.257% 8.3918% Suppose the yield on a two-year Treasury security is 5.83%, and the yield on a five-year Treasury security is 6.20%. Assuming that the pure expectations theory is correct, what is the market's estimate of the three-year Treasury rate two years from now (Note: Do not round intermediate calculations.) 6.45%,6.69%,6.61%,6.53%
1. The market's estimate of the one-year Treasury rate one year from now is Option C. 7.8659%.
2. The market's estimate of the one-year Treasury rate one year from now is Option C. 6.257%.
3. The market's estimate of the three-year Treasury rate two years from now is Option C. 6.61%.
1. The market's estimate of the one-year Treasury rate one year from now is Option C. 7.8659%.
The pure expectations theory states that long-term interest rates are expected to be the average of current and future short-term interest rates, assuming no maturity risk premium is present.
Based on the given yields, the expected one-year rate after one year can be calculated as follows:
1 + 0.0561 × 1 = (1 + r1) × (1 + 0.06732 × 1) / 2
Solving for r1, we get:
r1 = 0.078659 or 7.8659%. Therefore, the correct option is C.
2. The market's estimate of the one-year Treasury rate one year from now is Option C. 6.257%.
The one-year Treasury security's yield represents the sum of the expected one-year rate and a maturity risk premium, while the two-year Treasury security's yield represents the sum of the expected two-year rate and a maturity risk premium.
Therefore, we can infer the market's expectation for the one-year rate one year from now by subtracting the one-year maturity risk premium from the expected two-year rate, which is given as follows:
1 + 0.0561 × 1 = (1 + r1) × (1 + 0.06732 × 2) / 3 Solving for r1,
we get:r1 = 0.06257 or 6.257%. Therefore, the correct option is C.
3. The market's estimate of the three-year Treasury rate two years from now is Option C. 6.61%.
The pure expectations theory states that long-term interest rates are expected to be the average of current and future short-term interest rates, assuming no maturity risk premium is present. Using the given yields, we can calculate the expected two-year rate and the expected three-year rate as follows:
1 + 0.0583 × 2 = (1 + r2) × (1 + 0.062 × 3) / 4
Solving for r2, we get:
r2 = 0.0635 or 6.35%1 + 0.0583 × 3 = (1 + r3) × (1 + 0.062 × 2) / 3
Solving for r3, we get:r3 = 0.0661 or 6.61%.
Therefore, the market's estimate of the three-year Treasury rate two years from now is 6.61%. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
1. The yield on a one-year Treasury security is 5.6100%, and the two-year Treasury security has a 6.7320% yield. Assuming that the pure expectations theory is correct, what is the market's estimate of the one-year Treasury rate one year from now? (Note: Do not round your intermediate calculations.)
A. 9.9897%
B. 6.686%
C. 7.8659%
D. 8.9671%
2. Recall that on a one-year Treasury security, the yield is 5.6100%, and 6.7320% on a two-year Treasury security. Suppose the one-year security does not have a maturity risk premium, but the two-year security does and it is 0.25%. What is the market's estimate of the one-year Treasury rate one year from now? (Note: Do not round your intermediate calculations.)
A. 7.3612%
B. 9.3487%
C. 6.257%
D. 8.3918%
3. Suppose the yield on a two-year Treasury security is 5.83%, and the yield on a five-year Treasury security is 6.20%. Assuming that the pure expectations theory is correct, what is the market's estimate of the three-year Treasury rate two years from now (Note: Do not round intermediate calculations.)
A. 6.45%
B. 6.69%
C. 6.61%
D. 6.53%
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At January 1, 2021, Café Med leased restaurant equipment from Crescent Corporation under a nine-year lease agreement. The lease agreement specifles annual payments of $33,000 beginning January 1,2021 , the beginning of the lease, and at each December 31 thereafter through 2028 The equipment was acquired recently by Crescent at a cost of $252,000 (its fair value) and was expected to have a useful ife of 12 years with no salvage value at the end of its life. (Because the lease term is only 9 years, the asset does have an expected residual value at the end of the lease term of $101,266.) Crescent seeks a 10% return on its lease investments. By this arrangement, the lease is deemed to be a finance lease. (FV of \$1. PV of \$1. FVA of \$1. PVA of \$1. FVAD of \$1 and PVAD of \$1) (USE appropriate factor(s) from the tables provided. Round your intermediate calculations to the nearest whole dollar amount.)
Required:
1. What will be the effect of the lease on Cafe Med's earnings for the first year (ignore taxes)? (Enter decreases with negative sign.)
2. What will be the balances in the balance sheet accounts related to the lease at the end of the first year for Cafe Med (ignore taxes)?
(For all requirements, round your intermediate calculations and final answers to the nearest whole dollar.) arrangement, the lease is deemed to be a finance lease. (FV of $1,PV of $1, FVA of $1,PVA of $1,FVAD of $1 and PVAD of $1 ) (USE appropriate factor(s) from the tables provided. Round your intermediate calculations to the nearest whole dollar amount.)
Required:
1. What will be the effect of the lease on Cafe Med's earnings for the first year (ignore taxes)? (Enter decreases with negative sign.)
2. What will be the balances in the balance sheet accounts related to the lease at the end of the first year for Cafe Med (ignore taxes) (For all requirements, round your intermediate calculations and final answers to the nearest whole dollar.)
Effect on eranings
Lease payable balance (end of yer)
Right of use asset balance (end of year)______
The effect of the lease on Cafe Med's earnings for the first year will be a decrease of $33,000.
The balances in the balance sheet accounts related to the lease at the end of the first year for Cafe Med will be Lease Payable: $297,000 and Right of Use Asset: $168,993.
The lease payments of $33,000 will reduce Cafe Med's earnings for the first year.
The lease payable balance at the end of the first year is calculated by adding the annual lease payments of $33,000 to the initial lease liability of $252,000. This gives a balance of $297,000.
The right-of-use asset balance is calculated by subtracting the amortization expense for the first year ($83,007) from the initial right-of-use asset of $252,000. This gives a balance of $168,993.
The lease liability increases, representing the remaining lease payments, while the right-of-use asset decreases due to amortization.
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By visiting the Sniika website, we can see there are various products available for purchase. Some of these products are done in collaboration with celebrities while other products are done in conjunction with some festivities or celebration in Malaysia. Other types of shoes include the staple classic which is produced as the basic shoe within their selection of products.
Explain and elaborate the quadrants of the BCG matrix and using some of the products that Sniika has, give examples on where they might be in the quadrants.
Sniika's collaborative products with celebrities are likely in the Stars quadrant of the BCG matrix, while their staple classic shoes may fall under the Cash Cows quadrant.
The BCG matrix, also known as the Growth-Share Matrix, is a strategic tool used to analyze a company's product portfolio based on market growth rate and market share. It classifies products into four quadrants, each representing a different strategic position.
The Stars quadrant represents products with high market growth rate and high market share. These products have the potential to generate substantial revenue and profit in the future.
In the case of Sniika, their collaborative products with celebrities are likely to fall into this quadrant. Collaborating with celebrities can create buzz and increase demand, especially if the celebrities have a strong influence and fan following. Such products have the potential to achieve rapid growth and become popular among consumers.
On the other hand, the Cash Cows quadrant includes products with low market growth rate but high market share. These products are considered stable and generate consistent cash flow for the company. Sniika's staple classic shoes, which are produced as basic shoes within their product selection, may be classified in this quadrant.
These shoes might not have a high growth rate as they are not tied to collaborations or festivities, but they have an established market share and a loyal customer base. These products can continue to generate profits for the company without requiring significant investment.
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Which of the following is true?
(A) When income increases, the supply curve shift towards the right.
(B When wages (input prices) decreases, the supply curve shift towards the left.
c) When technology improves, the supply curve shifts towards the left
D) When price increases for a substitute in production, the supply curve shifts towards the right.
The true statement is (B) When wages (input prices) decrease, the supply curve shifts towards the left, reflecting the relationship between input prices and the quantity of supply.
(B) When wages (input prices) decrease, the supply curve shifts towards the left. This statement aligns with the basic principles of supply and demand. When input prices, such as wages, decrease, it becomes less costly for producers to produce goods or services. As a result, producers are incentivized to supply more at each price level, leading to a leftward shift of the supply curve.
(A) When income increases, the supply curve does not shift. The income level does not directly affect the supply of a good or service; it primarily impacts demand. Changes in income would influence the demand curve rather than the supply curve.
(C) When technology improves, the supply curve shifts towards the right. This statement is incorrect. Technological improvements typically lead to increased productivity and cost efficiency, which would shift the supply curve towards the right. A rightward shift indicates an increase in supply, allowing producers to offer more output at each price level.
(D) When the price increases for a substitute in production, the supply curve does not shift towards the right. The price of a substitute in production affects the production costs, which would impact the supply curve indirectly through its influence on input prices. It would not directly cause a shift in the supply curve itself.
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when writing the date for intercultural correspondence, _____.
When writing the date for intercultural correspondence, it is important to consider cultural differences and conventions. The format and order of the date components can vary across different countries and regions.
To ensure clarity and avoid confusion, it is recommended to use a universally accepted format that is widely understood.
This includes writing the date in a day-month-year (DD-MM-YYYY) or month-day-year (MM-DD-YYYY) format, depending on the conventions of the recipient's country. It is also helpful to spell out the month to avoid confusion due to different date formats.
By adhering to these guidelines, intercultural correspondence can be more effective and prevent misunderstandings.
When writing the date for intercultural correspondence, it is crucial to be mindful of cultural differences and conventions to ensure effective communication.
The format and order of date components can vary significantly across different countries and regions. For instance, in the United States, the customary format is month-day-year (MM-DD-YYYY), whereas in many other countries, the day precedes the month, resulting in a day-month-year (DD-MM-YYYY) format.
To prevent confusion and misinterpretation, it is advisable to utilize a universally recognized date format that is widely understood. This typically involves writing the date with the day, followed by the month, and then the year.
For example, July 4, 2023, would be written as 04-07-2023 in the day-month-year format or 07-04-2023 in the month-day-year format.
To further enhance clarity, it can be beneficial to spell out the month instead of using numerical representations.
This helps avoid potential ambiguity when the numerical representation of the day and month might be interpreted differently. For instance, using "July" instead of "07" provides a clearer indication of the intended month.
By adhering to these guidelines and taking into account the recipient's cultural conventions, intercultural correspondence can be more effective and minimize the risk of misunderstandings related to date formatting.
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What are economies of scale and diseconomies of scale? How do they arise? What do they imply for the shape of the LRAC curve? What is a firm's minimum efficient scale?
Economies of scale refer to the cost advantages that a company gains. On the other hand, diseconomies of scale occur when a company's average costs per unit increase. These phenomena arise due to specialization, technological advancements, bulk purchasing, and efficient resource allocation.
Economies of scale are driven by the ability to spread fixed costs over a larger output, achieve higher levels of efficiency through specialization, and negotiate better deals with suppliers. As a company grows, it can invest in specialized machinery and equipment, streamline production processes, and benefit from increased bargaining power with suppliers. These factors contribute to lower average costs per unit and enable the company to offer competitive prices in the market. However, as the company continues to expand, it may encounter diseconomies of scale. These can arise due to difficulties in managing a larger workforce, coordination challenges, communication issues, and the diminishing returns of scale.
The implications of economies and diseconomies of scale are reflected in the shape of the long-run average cost (LRAC) curve. Initially, as a firm experiences economies of scale, the LRAC curve slopes downward, indicating decreasing average costs with increased output. However, as the firm reaches its minimum efficient scale (MES), the LRAC curve starts to flatten out or even rise due to the onset of diseconomies of scale. The MES represents the lowest point on the LRAC curve, where the firm operates at its most efficient scale of production. Beyond this point, the firm may experience increasing average costs per unit.
In conclusion, economies of scale and diseconomies of scale play significant roles in shaping a company's cost structure and its ability to remain competitive. Understanding these concepts is crucial for firms to optimize their production levels, achieve cost efficiencies, and identify their minimum efficient scale. By capitalizing on economies of scale and managing potential diseconomies of scale, companies can enhance their profitability and market position.
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Sunn Company manufactures a single product that sells for $140 per unit and whose variable costs are $112 per unit. The company's annual fixed costs are $400,400 (1) Prepare a contribution margin income statement at the break-even point. (2) If the company's fixed costs increase by $128,000, what amount of sales ſin dollars) is needed to break even? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution margin income statement at the break-even point. SUNN COMPANY Contribution Margin Income Statement (at Break-Even) Amount Percentage of sales 0% $ 0 Red Required 2 > Sunn Company manufactures a single product that sells for $140 per unit and whose variable costs are $112 per unit. The company's annual fixed costs are $400,400. (1) Prepare a contribution margin income statement at the break-even point. (2) If the company's fixed costs increase by $128,000, what amount of sales (in dollars) is needed to break even? Complete this question by entering your answers in the tabs below. Required 1 Required 2 If the company's fixed costs increase by $128,000, what amount of sales (in dollars) is needed to break even?
To prepare a contribution margin income statement at the break-even point, the company's fixed costs and sales volume need to be considered.
To prepare a contribution margin income statement at the break-even point, we need to analyze the company's fixed costs, variable costs, and sales volume. At the break-even point, the company's total contribution margin equals its total fixed costs, resulting in zero profit or loss.
Using the given information, we can calculate the break-even point. The contribution margin per unit is the selling price minus the variable cost per unit, which in this case is $140 - $112 = $28. The contribution margin ratio is the contribution margin per unit divided by the selling price, which is $28/$140 = 0.2 or 20%.
To prepare the contribution margin income statement at the break-even point, we can assume that the company sells x units of its product. The total sales revenue would be x units multiplied by the selling price, which is $140x. The total variable costs would be x units multiplied by the variable cost per unit, which is $112x. The contribution margin would be the difference between the sales revenue and the variable costs, which is $140x - $112x = $28x. Since the contribution margin equals the fixed costs at the break-even point, we have $28x = $400,400. Solving for x, we find x = $400,400 / $28 = 14,300 units.
To calculate the sales amount needed to break even after the fixed costs increase by $128,000, we can use the same formula. The new total fixed costs would be $400,400 + $128,000 = $528,400. Setting the contribution margin equal to the new fixed costs, we have $28x = $528,400. Solving for x, we find x = $528,400 / $28 = 18,871.43 units. Multiplying the sales volume by the selling price, we get the sales amount needed to break even, which is 18,871.43 units x $140 = $2,641,000.
In conclusion, to prepare a contribution margin income statement at the break-even point, the fixed costs, variable costs, and sales volume need to be analyzed. In this case, the break-even point is reached when the company sells 14,300 units. If the fixed costs increase by $128,000, the sales amount needed to break even is $2,641,000.
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Mavericks , Inc. is a manufacturing company . They have traditionally used a single , predetermined overhead rate to allocate overhead to their products However , they are in the process of implementing an activity -based costing system to help them more accurately allocate overhead . Below are the identified activities and driver information : Activity Estimated overhead Volume of driver Setups $315,000 30,000 setups Machining $680,000 175,000 machine hours Inspections $75,000 14,000 inspections Based on the above information calculate the activity-based rate of inspections (round to nearest cent).
The activity-based rate of inspections is $5.36 per inspection rounded to the nearest cent.
Mavericks Inc. is a manufacturing company that has traditionally used a single predetermined overhead rate to allocate overhead to its products. However, they are implementing an activity-based costing system to help them allocate overhead more accurately.
Below are the identified activities and driver information: Activity Estimated overhead Volume of driver setups $315,000 30,000 setupsMachining $680,000 175,000 machine hoursInspections $75,000 14,000 inspections.
The activity-based rate of inspections can be calculated as follows: Activity-based rate = Estimated overhead / Volume of driver inspections, the activity-based rate is given by: Activity-based rate = $75,000 / 14,000 inspections = $5.36 per inspection rounded to the nearest cent.
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Which of the following is mostly concerned with the benefits derived from the expenditure of funds?Multiple Choice
Financial statement auditing.
Performance auditing.
Operational auditing.
Management auditing.
Management auditing is mainly concerned with the benefits derived from the expenditure of funds. Option d is correct.
It is an auditing approach that focuses on the study of an entity's management control procedures. It aims to assess the degree to which the management of an organization is using its resources effectively and efficiently to achieve its objectives.
Management auditing is a comprehensive examination of management strategies, tactics, and objectives to determine their appropriateness, adequacy, efficiency, and effectiveness. This method of auditing assesses the management of an organization by examining how it is accomplishing its mission and goals.
It also provides an assessment of the quality of an organization's management and their ability to achieve its goals and objectives. Financial statement auditing is focused on evaluating the financial statements of an organization, while operational auditing examines operational procedures to ensure they are efficient and effective.
Therefore, d is correct.
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Q2 How portfolio management service is useful? (In 400
words)
Portfolio management services provide expertise, customized strategies, diversification, active monitoring, risk management, access to exclusive opportunities, and transparency to optimize investment portfolios for investors.
Portfolio management services (PMS) are professional investment services offered by financial institutions to manage and optimize investment portfolios on behalf of individual or institutional investors. Here are some ways in which portfolio management services can be useful:
1. Expertise and Experience: PMS providers are typically experienced and knowledgeable professionals who specialize in investment management. They have in-depth understanding of financial markets, investment strategies, and risk management techniques. By utilizing their expertise, investors can benefit from their knowledge and skills in making informed investment decisions.
2. Customized Investment Approach: PMS providers tailor investment strategies based on individual investor's financial goals, risk tolerance, and investment preferences. They conduct thorough analysis of the investor's financial situation and design a personalized investment plan to achieve the desired outcomes. This customization allows for a more targeted approach to wealth creation and capital preservation.
3. Diversification: PMS providers employ diversification techniques to spread investment across various asset classes, sectors, and geographic regions. Diversification helps reduce the risk associated with investing in a single asset or market, as losses in one area can be offset by gains in others. PMS providers have access to a wide range of investment options and can effectively allocate funds to create a diversified portfolio.
4. Active Portfolio Monitoring and Management: PMS providers continuously monitor the performance of the portfolio and make adjustments as necessary. They stay updated with market trends, economic conditions, and regulatory changes, and proactively respond to market movements to optimize the portfolio's performance. This active management ensures that investments are aligned with changing market dynamics.
5. Risk Management: PMS providers employ risk management techniques to protect the investor's capital. They conduct thorough risk assessments, implement risk mitigation strategies, and monitor the portfolio for potential risks. By managing risks effectively, PMS providers aim to preserve capital and generate consistent returns in line with the investor's risk profile.
6. Access to Exclusive Investment Opportunities: PMS providers often have access to exclusive investment opportunities that may not be available to individual investors. These could include private equity, venture capital, hedge funds, and other alternative investments. By leveraging their network and industry relationships, PMS providers can offer investors access to a broader range of investment options.
7. Regular Reporting and Transparency: PMS providers provide regular reports and updates to investors, detailing the performance of their portfolio, investment holdings, and any transactions made. This transparency allows investors to have a clear understanding of their investment activities and the progress made towards their financial goals.
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Taif Company has a total cost of SAR 39,000 at 4,000 machine hours,
and at 3,500 hours total cost is SAR 36,000. The company managers
wish to estimate the cost function. What is the fixed cost?
The fixed cost represents the portion of the total cost that remains constant regardless of the level of machine hours. In this case, the fixed cost for Taif Company is SAR 15,000, indicating that it does not vary with changes in machine hours.
To determine the fixed cost, we need to find the component of the total cost that remains constant regardless of the level of machine hours.
Using the given information, we can set up a linear cost function in the form of y = mx + b, where y represents the total cost, x represents the machine hours, m represents the variable cost per machine hour, and b represents the fixed cost.
Let's calculate the variable cost per machine hour:
Variable cost per machine hour (m) = (Total cost at 3,500 hours - Total cost at 4,000 hours) / (3,500 hours - 4,000 hours)
= (36,000 - 39,000) / (-500)
= 3,000 / 500
= SAR 6 per machine hour
Now, we can substitute the values into the cost function equation:
Total cost (y) = Variable cost per machine hour (m) * Machine hours (x) + Fixed cost (b)
Using the information at either 3,500 hours or 4,000 hours, we can solve for the fixed cost (b). Let's use the information at 3,500 hours:
36,000 = 6 * 3,500 + b
Simplifying the equation:
36,000 = 21,000 + b
b = 36,000 - 21,000
b = 15,000
Therefore, the fixed cost for Taif Company is SAR 15,000.
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Which of the following statements could most likely create an express warranty? "This is the best car available in town." "This motorcycle will double in value in the next ten years." "These tires have 10,000 miles left on them." "This antique is quite a bargain."
"This motorcycle will double in value in the next ten years." is the statement that could most likely create an express warranty.
An express warranty is a specific promise or guarantee made by a seller regarding the quality, performance, or characteristics of a product. In this statement, the seller is explicitly stating that the motorcycle's value will double in the next ten years, which can be considered a guarantee or promise about its future worth.
Among the given statements, "This motorcycle will double in value in the next ten years." is the most likely to create an express warranty. By stating that the motorcycle will double in value within a specific timeframe, the seller is making a clear guarantee about the future worth of the product.
Express warranties are important because they give consumers confidence in the product they are purchasing and provide legal protection in case the product fails to meet the promised standards. It's crucial for sellers to be cautious when making such statements and ensure they can fulfill the warranty to avoid potential liability.
Remember, an express warranty can be created by any statement that explicitly guarantees or promises a certain outcome or characteristic of the product, and it should be distinguished from mere opinions or statements of subjective value.
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Calculate the present value of $140,000 to be received after 20 years if the current rate of interest is 3.9% per year.
The present value of $140,000 to be received after 20 years, with an interest rate of 3.9% per year, is approximately $75,282.65.
To calculate the present value of $140,000 to be received after 20 years at an interest rate of 3.9% per year, we can use the formula for present value of a future cash flow:
Present Value = Future Value / (1 + Interest Rate)^Number of Periods
In this case:
Future Value = $140,000
Interest Rate = 3.9% = 0.039 (expressed as a decimal)
Number of Periods = 20 years
Plugging in the values, we have:
Present Value = $140,000 / (1 + 0.039)^20
Calculating this expression, we get:
Present Value ≈ $140,000 / (1.039)^20
Present Value ≈ $140,000 / 1.859074
Present Value ≈ $75,282.65
Therefore, the present value of $140,000 to be received after 20 years, with an interest rate of 3.9% per year, is approximately $75,282.65.
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the size of a firm's competitive advantage is the difference between the economic value a firm is able to create and the economic value rivals are able to create.
The size of a firm's competitive advantage is the gap between the economic value it generates and the economic value its competitors are able to generate.
A firm's competitive advantage refers to its ability to outperform competitors in terms of generating economic value. Economic value is the value created for customers or stakeholders through the firm's products, services, or operations. By comparing the economic value created by a firm with that of its rivals, we can determine the size of its competitive advantage.
If a firm is able to generate more economic value than its competitors, it has a larger competitive advantage. This could be achieved through various means, such as superior product quality, cost efficiency, innovation, brand reputation, or customer loyalty. The firm's ability to deliver unique and valuable offerings that are difficult for competitors to replicate or surpass contributes to a larger competitive advantage.
On the other hand, if a firm's economic value creation is similar or lower compared to its rivals, its competitive advantage may be small or nonexistent. In such cases, the firm may struggle to differentiate itself or gain a significant market share.
In summary, the size of a firm's competitive advantage is determined by the difference in economic value it creates compared to its competitors.
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In an experiment, 3 versions of an email A,B, and C were sent out. The click rates are 1%,2%, and 3% respectively. Which version should be chosen?
Select one:
a. A
b. B
c. C
Which type of data is the least popular in digital marketing?
Select one:
a. Observation
b. Conversation
c. Experiment
d. Web metrics
e. App metrics
Based on the given information, the version of the email with the highest click rate should be chosen. In this case, Version C has the highest click rate of 3%, so it would be the preferred choice.Therefore, the answers are:
1. c. C
2. c. Experiment
Regarding the least popular type of data in digital marketing, it would be option c. Experiment. While observation, conversation, web metrics, and app metrics are commonly used in digital marketing to gather insights and analyze data, experiments are typically less frequently utilized. Experiments involve controlled testing and manipulation of variables, which may require more resources and time compared to other data collection methods commonly used in digital marketing.
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1. Who can initiate changes to a project schedule? Describe why
and when changes would occur in a project. How are the network
diagram and schedule updated to reflect the changes? (20 marks)
2. Discus
In a project, changes to the schedule can be initiated by various individuals or entities involved in the project.
The key stakeholders who can initiate changes to a project schedule include:
Project Manager: The project manager is primarily responsible for managing the project schedule. They closely monitor the project progress and identify the need for schedule changes based on various factors such as delays, resource constraints, scope changes, or unforeseen circumstances.
Project Team Members: Team members who are directly involved in executing project tasks may identify the need for schedule changes based on their day-to-day activities, resource availability, or technical considerations.
Client or Customer: The client or customer for whom the project is being undertaken may request changes to the project schedule due to their changing priorities, external factors, or evolving business requirements.
Changes to a project schedule can occur for several reasons, including:
Scope Changes: If there are changes to the project scope, such as additional deliverables or modified requirements, the schedule may need to be adjusted accordingly.
Resource Constraints: If there are limitations or changes in the availability of resources, including human resources, equipment, or materials, the project schedule may need to be modified to accommodate these constraints.
External Factors: External factors such as regulatory changes, market conditions, or unexpected events like natural disasters can impact the project schedule and require adjustments.
Risk Mitigation: Changes to the schedule may be necessary to address identified risks and mitigate their potential impact on the project.
When changes occur, the network diagram and project schedule need to be updated to reflect the new information. The network diagram, also known as the project network or PERT chart, visually represents the project tasks and their dependencies. If there are changes in task sequencing or duration, the network diagram needs to be modified accordingly.
Updating the schedule involves adjusting task durations, dependencies, and resource allocations to reflect the changes. This includes revising start and end dates for affected tasks and determining any impact on the overall project timeline. The updated schedule should be communicated to all relevant stakeholders to ensure everyone is aware of the changes and can adapt their plans accordingly.
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human beings always choose the best available product when making a purchase.
true or false
False. Purchasing decisions are influenced by a combination of factors, and individuals may choose products based on a range of considerations rather than solely focusing on identifying the absolute best option available.
Human beings do not always choose the best available product when making a purchase. The decision-making process for purchasing involves various factors such as personal preferences, budget constraints, individual needs, brand loyalty, convenience, and availability. Different individuals may prioritize different factors and make subjective judgments based on their own criteria.
Furthermore, the concept of the "best" product is subjective and can vary depending on the individual's perspective and priorities. What may be considered the best product for one person may not necessarily be the best for another.
Therefore, purchasing decisions are influenced by a combination of factors, and individuals may choose products based on a range of considerations rather than solely focusing on identifying the absolute best option available.
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Consider the following market with a single firm. Demand: P=108−2Q Marginal Cost: 60+Q PART A. If the firm is a single price monopolist, it will produce a quantity QM = _. The equilibrium price will be PMM = PART B. If this firm were a price taker and P=MC. it would produce a cuantitv Q=16 and price P=76. Given this, the monopoly deadweight loss (the money left on the table) is dollars. PART C. Now suppose the firm is a two-price monopolist, separating its customers along the lines of their reservation prices, with a high price retail market and a lower discount price market. The price and quantify in the retail market is the same as what you found in Part A. All remaining customers are potential buyers in the discount market. The quantity that maximizes the monopolist's profits in the discount market is OD = and the equilibrium price in the discount market is PD = PART D. As a result of the monopolist offering a discount price, the monopoly deadweight loss is reduced to
PART A: the monopolist will produce a quantity QM=12. The equilibrium price will be PMM=84. PART B: Deadweight loss is $32. PART C: The price and quantity in the retail market are the same as what we found in Part A. PART D: he monopoly deadweight loss is reduced to $0.
A monopoly market is the one in which a single seller has control over the entire market supply of goods. The monopolist is the one who can influence the price of the product by controlling the supply. When there is a single seller in a market, then the market is known as a monopolistic market.
PART A: A monopolist has the power to set prices as he wishes, so his goal is to maximize profits.To find the monopolist equilibrium price and quantity, use the following equation:
Demand: P = 108-2Q
Marginal Cost: MC = 60+Q
The first step in solving this equation is to find the monopolist equilibrium quantity (QM) by setting the marginal cost equal to marginal revenue and then solve for Q.
MC = MR60 + Q = 108 - 4QQ = 12
Now, the monopolist equilibrium quantity (QM) is 12.
The second step is to find the equilibrium price (PMM) by substituting the equilibrium quantity into the demand equation.
P = 108-2QP = 108 - 2(12)P = 84
The equilibrium price is 84.
Therefore, the monopolist will produce a quantity QM=12. The equilibrium price will be PMM=84.
PART B: If the firm were a price taker and P = MC, it would produce a quantity Q = 16 and price P = 76. Therefore, the monopoly deadweight loss is the difference between the monopoly price and the competitive price multiplied by the quantity demanded at the competitive price.
Deadweight loss = (84-76)* (12-16) = $32.
Part C: deals with a two-price monopolist, who separates the customers on the basis of their reservation prices, and high price retail market and a lower discount price market are created. The price and quantity in the retail market are the same as what found in Part A.
PART D: All remaining customers are potential buyers in the discount market. The quantity that maximizes the monopolist's profits in the discount market is OD=24. The equilibrium price in the discount market is PD=60. As a result of the monopolist offering a discount price, the monopoly deadweight loss is reduced to $0.
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Explain what is meant by intellectual property rights. Compare and contrast copyright and patents. Discuss the infringement and remedies of copyright and patents.
Kindly answer asap and don't be plagiarized.
Intellectual property rights refer to the legal protection granted to individuals or entities for their creations or inventions. These rights provide exclusive ownership and control over intangible assets.
Copyright: Copyright protects original works of authorship, such as literary, artistic, musical, and dramatic works. It grants the creator exclusive rights to reproduce, distribute, display, perform, and modify their work.
Copyright protection is automatically granted upon creation and lasts for the author's lifetime plus a certain period (usually 70 years after the author's death). No formal registration is required, although it may be beneficial to establish evidence of ownership.
Patents: Patents protect inventions, which can be processes, machines, compositions of matter, or new and useful improvements thereof. Patents provide exclusive rights to the inventor, preventing others from making, using, selling, or importing the invention without permission.
To obtain a patent, inventors must file an application with the appropriate patent office and meet specific requirements, including novelty, non-obviousness, and usefulness. Patents typically last for 20 years from the date of filing.
Comparison and Contrast:
Copyright and patents differ in several aspects:
a. Subject Matter: Copyright protects original works of authorship, while patents protect inventions.
b. Scope of Protection: Copyright protects the expression of ideas rather than the ideas themselves. Patents, on the other hand, protect the underlying concepts and functionality of an invention.
c. Duration: Copyright protection generally lasts longer than patent protection. Copyright lasts for the author's lifetime plus a specific period, while patents have a fixed duration of 20 years.
Infringement and Remedies:
Infringement occurs when someone violates the exclusive rights granted under copyright or patent law. In the case of copyright, infringement may involve unauthorized reproduction, distribution, public performance, or adaptation of a copyrighted work.
For patents, infringement occurs when someone makes, uses, sells, or imports the patented invention without permission.
Remedies for copyright infringement may include:
Injunctions: Court orders to stop the infringing activities.
Damages: Monetary compensation for the losses suffered by the copyright holder.
Account of Profits: The infringer may be required to surrender the profits obtained from the infringement.
Seizure and Destruction: In some cases, infringing copies may be seized and destroyed.
Remedies for patent infringement may include:
Injunctions: Court orders to halt the infringing activities.
Damages: Monetary compensation for the losses suffered by the patent holder.
Infringer's Profits: The patent holder may be entitled to the profits earned by the infringer.
Royalties: The court may award ongoing royalty payments if the patent holder chooses not to stop the infringing activity.
Intellectual property rights, encompassing copyright and patents, provide legal protection for creative works and inventions, respectively. Copyright safeguards artistic and literary creations, while patents protect new and useful inventions. Infringement of these rights can lead to legal consequences, and remedies include injunctions, damages, account of profits, and seizure of infringing materials.
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A profit-maximizing monopolist faces a dowrward-sloping demand curve that has a constant elasticity of -9. The firm finds it optimal to charge a price of $16 for its output. What is its marginal cost at this level of output? Keep 2 decimal places
To find the monopolist's marginal cost at the given price level, we need to use the concept of price elasticity of demand.
elasticity of demand (ε) is defined as the percentage change in quantity demanded divided by the percentage change in price. In this case, we are given that the demand curve has a constant elasticity of -9, so we can express the price elasticity of demand as follows:
ε = ΔQ / Q * (-1) / ΔP
Where ΔQ / Q is the percentage change in quantity demanded, and ΔP is the percentage change in price.
Since the demand curve is downward-sloping, we can assume that the percentage change in quantity demanded is the negative reciprocal of the elasticity:
ΔQ / Q = -1 / ε
Given that ε = -9, we have:
ΔQ / Q = -1 / -9 = 1/9
Now, let's find the marginal cost at the given price level of $16. The monopolist's marginal revenue (MR) is equal to the price (P) times the quantity (Q) plus the derivative of the price with respect to quantity multiplied by the quantity:
MR = P * Q + P * dQ / dP * Q
To maximize profits, the monopolist produces the level of output where marginal revenue (MR) equals marginal cost (MC). At the profit-maximizing quantity, we have:
MR = MC
Substituting the given price of $16 and the calculated percentage change in quantity demanded into the marginal revenue equation, we have:
16 * Q + 16 * (1/9) * Q = MC * Q
Simplifying this equation, we get:
16 + (16/9) = MC
Multiplying through by 9 to eliminate the fraction:
144/9 + 16/9 = MC
160/9 = MC
Rounding to 2 decimal places, the monopolist's marginal cost at this level of output is approximately $17.78.
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Which of the following might prevent Chase from getting the wedding ring back?
a. The implied agent authority
b. The parol evidence rule makes the signed agreements final.
c. The lack of compensation provided to Autumn
d. The apparent agent authority
The parol evidence rule makes the signed agreements final, which might prevent Chase from getting the wedding ring back (Option B).
The parol evidence rule is a legal principle that prevents parties from introducing oral or written evidence that contradicts or modifies the terms of a written agreement. In this case, if Autumn and Chase had signed a divorce agreement that did not include the provision for returning the wedding ring, the parol evidence rule would make the agreement final and prevent Chase from obtaining the ring based on any verbal or subsequent agreements.
The other options mentioned, such as implied agent authority, lack of compensation, and apparent agent authority, are not directly relevant to the issue of returning the wedding ring. Implied agent authority refers to the authority granted to an agent by implication or inference, but it does not apply to the situation of returning a wedding ring. Lack of compensation and apparent agent authority are also unrelated to the specific issue of returning the ring.
Therefore, the parol evidence rule is the most appropriate option that might prevent Chase from getting the wedding ring back, as it upholds the finality and enforceability of signed agreements.
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Question 19 A sales person is processing a credit sale. As per company policy the sales person should conduct the credit check and forward Not yet the result to a supervisor who would then make a decision on the creditworthiness of the applicant and send this back to the answered sales person. This scenario is more likely to happen in: Marked out of 1.00 a. both functionally based organisation and business process based organisation. b. neither functionally based organisation nor business process based organisation. c. functionally based organisation. d. business process based organisation. Question 20 A typical process narrative table contains descriptions for: Not yet answered a. entities inputs processes and outputs. Marked out of b. internal entities external entities systems and feedbacks. 1.00 c. entities inputs outputs and feedbacks. P Flag d. inputs processes and outputs.
19. This scenario is more likely to happen in a functionally based organization. 20. A typical process narrative table contains descriptions for entities, inputs, processes, and outputs.
19. In a functionally based organization, tasks and responsibilities are divided based on functions or departments. In this scenario, the credit check process is conducted by the salesperson, who then forwards the result to a supervisor for a creditworthiness decision.
This segregation of duties aligns with the functional structure, where each department or function has its own set of tasks and responsibilities. Therefore, the scenario is more likely to occur in a functionally based organization.
20. A process narrative table provides a structured description of a process, including its various components. The typical elements found in a process narrative table are entities, inputs, processes, and outputs.
Entities refer to the individuals or systems involved in the process. Inputs are the resources or information required to initiate or carry out the process. Processes outline the specific steps or actions taken within the process.
Outputs are the outcomes or results produced as a result of the process. Feedbacks, although not mentioned in the options, could also be included in a process narrative table to capture information or communication loops within the process.
Therefore, the most accurate description for a typical process narrative table would be entities, inputs, processes, and outputs.
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Wilson Cullumber is a leading producer of vinyl replacement windows. The company's growth strategy focuses on developing domestic markets in large metropolitan areas. The company operates a single manufacturing plant in Kansas City with an annual capacity of 500,000 windows. Current production is budgeted at 450,000 windows per year, a quantity that has been constant over the past three years. Besed on the budget, the accounting department has calculated the following unit costs for the windows:
Direct materials $55,00
Direct labor $19.00
Manufacturing overhead 20,00
Selling and andiminstrative 14,00
Total unit costs $108,00
The compary's budget includes $5,400,000 in fixed overhead and $3,150,000 in fixed selling and administrative expenses. The windows sell for $150.00 each. A. 2% distributor's commission is included in the selling and administrative expenses.
(a1)
(a2)
(C1)
(c2)
(d1)
If Wilson decides to accept Monk's offer, it will need to find an additional 30,000 windows to meet both the special order and normal sales. Marin Panes has offered to provide them to Wilson at a price of $140.00 per window. Marin Panes will deliver the windows to Wilson, and Wilson would then distribute them to its customers.
Calculate total contribution from outsourcing.
Total contribution from outsourcing $_______
The total contribution from outsourcing is -$3,360,000.
Given:
To find: The total contribution from outsourcing.
Total contribution per unit = Selling price per unit - Total unit cost per unit
= $150 - $108
= $42
Contribution margin ratio = Total contribution / Total sales
= ($42 / $150) x 100
= 28%
Total fixed overheads and expenses = Fixed overheads + Fixed selling and administrative expenses
= $5,400,000 + $3,150,000
= $8,550,000
Contribution margin per unit = Selling price per unit - Total unit cost per unit
= $150 - $108
= $42
The total cost of outsourcing 30,000 windows
= $140 x 30,000
= $4,200,000
Total contribution from outsourcing= Total contribution margin x Quantity outsourced
= ($42 x 30,000) - $4,200,000
= $840,000 - $4,200,000
= -$3,360,000
Therefore, the total contribution from outsourcing is -$3,360,000.
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Many organizations fail to establish change and transformation because they fail to establish a strong sense of urgency. Please draw a causal loop diagram for the problem and identify which systems archetype(s) seem to be underlying the situation.
The causal loop diagram illustrates how the lack of urgency in organizations can lead to a lack of change and transformation, ultimately resulting in organizational stagnation. By recognizing the underlying systems archetype of the "Limits to Growth," organizations can take steps to break the reinforcing loop and establish a stronger sense of urgency to drive change initiatives and foster growth and adaptation.
Implementing strategies that create a compelling need for change, fostering a culture that values innovation and continuous improvement, and providing clear communication about the importance of change can help organizations overcome the lack of urgency and propel them towards successful transformation.
The causal loop diagram for the problem of organizations failing to establish change and transformation due to a lack of a strong sense of urgency can be represented as follows:
```
+--------------+
| |
| Lack of |
| Urgency |
| |
+------|-------+
|
|
v
+--------+---------+
| |
| Lack of Change |
| and Transformation |
| |
+---|--------------+
|
|
v
+-----+-----------------+
| |
| Organizational |
| Stagnation |
| |
+-----------------------+
```
The causal loop diagram depicts the relationship between the lack of urgency and the resulting lack of change and transformation within organizations, leading to organizational stagnation.
The reinforcing loop consists of the relationship between the lack of urgency and the subsequent lack of change and transformation. When there is a lack of urgency to drive change initiatives, it hampers the organization's ability to adapt and evolve. This lack of change and transformation reinforces the perception that there is no need for urgency, creating a reinforcing loop that perpetuates organizational stagnation.
The underlying systems archetype in this situation is the "Limits to Growth" archetype. The lack of urgency creates a reinforcing loop that reinforces the status quo, leading to a decrease in the organization's ability to adapt and grow. The absence of change and transformation further reinforces the perception that urgency is unnecessary, resulting in a self-reinforcing cycle of stagnation.
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