Final answer:
To calculate the annual amount that Net Steels can save by ordering as per the economic order quantity (EOQ), we compare the total cost of the conventional order with the total cost of the EOQ. The annual amount saved is the difference between the two costs.
Explanation:
To calculate the annual amount that Net Steels can save by ordering as per the economic order quantity (EOQ), we first need to calculate the total cost of ordering as per the conventional order and the total cost of ordering as per the EOQ.
For the conventional order:
Number of orders = Total demand / Quantity per order = 11,000 / 180 = 61.11 orders (rounded to 61)
Total cost = (Number of orders × Order Cost) + (Total demand × Item Cost × Inventory-Holding Cost)
Total cost = (61 × $18,000) + (11,000 × $36,000 × 0.20) = $1,098,000 + $79,200,000 = $80,298,000
For the EOQ:
Total cost = (Total demand × Item Cost × Inventory-Holding Cost) = 11,000 × $36,000 × 0.20 = $79,200,000
The amount saved by ordering as per the EOQ instead of the conventional order is the difference between the total costs:
Amount saved = Total cost (Conventional order) - Total cost (EOQ) = $80,298,000 - $79,200,000 = $1,098,000
Therefore, the annual amount that Net Steels can save by ordering as per the EOQ instead of its conventional order is less than $45,000 (option c).
travel organization organizes a trip to London. The price changes based on the number of applicants. The following program is used to display the price of the trip and uses the variable Applicants which is set to the number of applicants for the trip. If the number of applicants is 60, what will be displayed?
Answer:
The correct answer is: Trip's price = $250.
Explanation:
According to the number of applicants, it is estimated that the price that can be charged to people is $ 250. If you wanted to charge even less, the trip could not take place because you would not meet the breakeven point.
It should be known that in addition to the above, a profit margin is calculated that is understood as the percentage that the organizer has left for the trip.
Richard Anderson, an entrepreneur residing in Arizona, noticed that many of his friends and neighbors complained of the intense heat during the summer months. In order to make the heat more bearable, Anderson developed and marketed a simple cooling system that sprayed a fine mist of water into the air. The system attached easily to patio roofs, backyard fences, and even golf carts. Since introducing the product on the market, Anderson has discovered that relatively large changes in the price of the system lead to relatively small changes in demand for his product. The demand for Anderson's product is:
Answer:
Inelastic
Explanation:
When the price elasticity of demand (PED) is lower than 1, the demand is said to be inelastic. This means that a 1% increase in the price of a good or service will result in a proportionally smaller reduction of the quantity demanded. The formula for calculating price elasticity of demand is:
PED = % of change in quantity / % of change in price
For example, if the price of gasoline increases by 5% but the quantity demanded for gasoline decreases only by 2%, the PED = 2% / 5% = 0.4, therefore the demand for gasoline is inelastic.
Which of the following will generate an increase in aggregate demand? A. Government spending for the onset of a war. B. An increase in the foreign exchange value of the dollar. C. A decrease in the price level. D. A tax increase.
Answer:
A. Government spending for the onset of a war.
Explanation:
If government spending increases, money supply would increase. When money supply increases, people would have more money and as a result, demand would increase.
A rise in foreign exchange value makes goods and services more expensive to foreigners and therefore export would fall and so would aggregate demand.
A decrease in price level would lead to an increase in aggregate output demanded.
A rise in tax would reduce disposable income and aggregate demand would fall.
The following selected data are from a recent statement of cash flows: Net cash flow from operating activities $35,000 Net cash flow used for investing activities (20,000) Net cash flow from financing activities 60,000 Ending cash balance 100,000 What was the beginning cash balance? a.$75,000 b.$(25,000) c.$65,000 d.$25,000
Answer:
d.$25,000
Explanation:
Amount ($)
Cash provided by operating activities 35,000
Cash used by investing activities (20,000)
Cash used by financing activities 60,000
Net Increase (Decrease) in cash balance (a) 75,000
Cash at the beginning of the year (c=b-a) 25,000
Cash at the end of the year (b) 100,000
The beginning cash balance is $25,000
Cargo, such as trucks, that cannot be containerized because it is too large and won't fit in a traditional container or because it exceeds the maximum weight of a container load is called_______
A. loose cargo
B. LCL cargo
C. breakbulk cargo
D. moderated cargo
E. project cargo
Answer:
C. breakbulk cargo
Explanation:
Based on the information provided within the question it can be said that this type of cargo is called breakbulk cargo. Like mentioned in the question, this type simply refers to general cargo that does not fit into traditional shipping containers or cargo bins, or exceeds the weight maximum for containers and must be shipped separately. Such cargo can include oversized vehicles, boats, cranes, turbine blades, ship propellers, generators, or even large engines.
C. breakbulk cargo
heh hope i helped
The demand for labor depends primarily on the additional output produced as a result of hiring an additional worker and
Answer:
the additional revenue that the company will receive from selling the extra output produced by hiring the additional worker. This additional revenue is calculated by simply multiplying the total additional output times the sales price of each units of additional output.
As long as the additional revenue received is higher than the marginal cost of hiring an extra worker, the company will continue to hire more workers.
Suppose the production of a particular good causes a negative externality. Based on market forces only, how will this impact the production levels for a factory if negative externalities are present? A. It will produce the good below the socially efficient level. B. It will produce the same level regardless of whether externalities are present. C. It will produce the good above the socially efficient level. D. Negative externalities do not impact production levels.
Answer:
C. It will produce the good above the socially efficient level.
Explanation:
The socially efficient level of production is reached where marginal/total costs of production equals marginal/total benefits of production.
A negative externality is a cost that is not reflected in the price of goods if left to market forces alone.
Therefore, producers will over-supply to the level where the only their costs of production (equals total social costs minus cost of negative externality) equals total benefits to society (indicated by demand).
Jamie is looking for a new job. She used to be the top sales representative for the region and was expecting to be promoted. However, one of the regional manager's golfing buddies was promoted to district manager instead. Jamie's dissatisfaction with her current job stems from a breakdown in the ________ relationship.A) effort-performance.B) effort-satisfaction.C) performance-reward,D) rewards-personal goals.E) personal goal-self actualization
Answer:
C) performance-reward
Explanation:
EXPECTANCY THEORY -
According to this theory , it argument regarding the tendency to act in a particular way is dependent on the strength of the expectation .
This theory focus on three major relationships , i.e. ,
Effort-performance relationship Performance - reward relationship Rewards - personal goals relationshipPerformance - reward relationship -
It is the degree to which the particular person believes , as performing at the particular level will lead to the desired expectations or outcomes of the employer .
Hence , from the question information ,
The correct term for the given statement is Performance - reward relationship .
If a physical count of inventory indicates that the Merchandise Inventory account is overstated, an adjusting entry is required to record the difference. Assume a perpetual inventory system is used.
True or False?
Answer:
The correct answer is True.
Explanation:
Once you count all the products in the inventory once a year, you may have decided to count some products more frequently, perhaps because they are more valuable or because they fluctuate very quickly and form a large part of the business. To this end, you can assign special count periods to those items. For more information, see Perform the cyclic count.
If it is necessary to adjust the recorded inventory quantities, for counting or other reasons, you can use a product journal to change the inventory accounting entries without recording business transactions. Alternatively, you can adjust a single item on the item card.
If you need to change the attributes of the product accounting entries, you can use the product reclassification journal. Typical attributes to reclassify include dimensions and campaign codes, although it also performs "system transfers" by reclassifying location and warehouse codes. Special steps apply when you want to reclassify serial or lot numbers, and their expiration dates.
The Tragedy of the Commons will be evident when a growing number of sheep grazing on the town commons leads to the destruction of the grazing resource. To correct this problem, the town could _____.
a. allow individual shepherds to choose their own flock sizes.
b. internalize the externality by subsidizing the production of sheep's wool.
c. auction off a limited number of sheep-grazing permits.
d. wait until the market corrects the problem.
The town could auction off a limited number of sheep-grazing permits to solve the problem.
What is a Tragedy of the Commons?This refers to a situation where people with free access to a public resource acts in their own interest and deplete such resource.
In order to prevent these commons tragedy, there will be need for the town officials to auction off a limited number of sheep-grazing permits to solve the problem.
Therefore, the Option C is correct.
Read more about Tragedy of the Commons
brainly.com/question/1858384
#SPJ1
When making investment decisions, investors
a. compare the real interest rates offered on different bonds.
b. compare the nominal, but not the real, interest rates offered on different bonds.
c. purchase the highest-priced bond available.
d. All of the above are correct.
Answer:
The answer is a. that is, we have to compare real interest rates offered on various bonds being offered.
Explanation:
As making investment decisions, investors should take into account the implicit costs of lending they incur once they lend the fund to the bond issuer instead of only paying intention to nominal interest rate denoted in a bond. One of the major implicit cost is the cost arisen from the weakening of money's purchasing power over time - that is, inflation cost.
In other words, real interest rate, that is, the interest rate that already takes into account the effect of inflation ( the percentage of money's value losses over time), should be used for investment decisions rather than the nominal rate stipulated in each bond.
A single parcel is valued at $450,000. Zoning allows it to be subdivided into 8 lots and it is estimated that each lot could sell for $50,000. Site development costs (sewer, grading, road, etc.) would cost $50,000. What is the highest and best use?
Answer:
Selling the single parcel without dividing it into lots
Explanation:
There are three possible uses for the parcel: selling the parcel, selling the lots without development, and selling the lots with development.
Selling the parcel would earn $450,000
Selling the lots without incurring in development costs:
8 lots x $50,000 selling price per lot = $400,000
Selling the lots while incurring in development costs:
$400,000 - $50,000 = $350,000.
Therefore, the best option is to sell the single parcel, without dividing it into lots.
Which of the following is true of manufacturing?
a. It does not require an organizational strategy.
b. It creates products that cannot be quantified.
c. It creates time utility for its customers.
d. It transforms resources into tangible outcomes.
An organization may convert from an old system to a new system by choosing to run both the old and new systems at the same time until the new system is fully accepted. This is known as __________.
Answer:list
Explanation:
Brad and Kate received $9,500 for rent from Mike and Janet, who are renting their home in Santa Ana, California. Brad and Kate did not use this property for personal use. The rent covers eight months from August 1 of the current year to March 31 of the following year. The amount also includes a security deposit of $1,500. How much should Brad and Kate report as rental income in the current tax year?
a. $1,500
b. $5,000
c. $8,000
d. $9,500
Answer:
c. $8,000
Explanation:
The security deposit is usually refundable and NOT part of the rental income and, therefore, it should be deducted from the total amount received when reporting rental income for the tax year.
Thus, Brad and Kate should report $8,000 as rental income in the current tax year.
Carol uses a high-speed internet connection at home. Her connection is supported by the television line, but it does not interfere with the television signal. Carol uses a(n) ________ connection.
Answer: Cable connection
Explanation: cable connection is an internet connection that uses TV cable lines through a cable modem.
This type of connection has a cable speed of 512 to 20 Mbps.
Cable connection has a faster internet connection.
Due to various research, cable connection is not in use. Presently the use of WiFi is being used more now.
The essence of the ________ explanation to vertical integration is that if a firm possesses valuable, rare, and costly-to-imitate resources in a business activity, it should vertically integrate into that activity, otherwise it should not vertically integrate into that activity.
Answer: The correct answer is "Firm capability"
Explanation: The essence of the firm capability explanation to vertical integration is that if a firm possesses valuable, rare, and costly-to-imitate resources in a business activity, it should vertically integrate into that activity, otherwise it should not vertically integrate into that activity.
LO 3 Chad's Chocolates is considering the purchase of a new candy press. The machine under consideration costs $17,550 and would generate $2,650 in annual savings of direct labor costs over its 20-year life. At the end of 20 years, the press could be sold for $500. Chad's required rate of return is 16%. What is the machine's net present value?
A) $1,813
B) $(1,813)
C) $(1,839)
D) $(1,339)
Answer:
B) $(1,813)
Explanation:
Initial investment = 17,550
Annual cashflows = 2,650
Terminal Cashflow = 500
You can solve for NPV using financial calculator with the following inputs;
CF0= -17,550
C01 = 2,650
F01 (Frequency) = 19
C02 = 2,650 + 500 = 3,150
I=16%
Net present value; NPV = -1,812.879 or -1,813 rounded off to the nearest whole number.
Recently, a high-level manager at Trophy Trinkets noted a rise in customer satisfaction complaints. This rise is inconsistent with Trophy's goals in this area. This manager has identified a(n):_________
a. need for change.
b. swot analysis.
c. environmental opportunity.
d. behavioral occurrence.
e. critical incident.
Answer:
a. need for change.
Explanation:
Based on the information provided within the question it can be said that the manager has identified a need for change. This is because since the complaints are going against what Trophy Trinkets has set as goals, then they need to make specific changes in the area of customer service in order to address the complaints, as well as prevent new complaints from coming in. This would allow Trophy Trinkets to hopefully meet their goals.
Suppose Juniper Natural Dyes, Inc., had sales of $ 220 comma 000 and estimated refund liability of $ 16 comma 000. Cost of goods sold was $ 110 comma 000. How much gross profit did Juniper Natural Dyes, Inc., report?
Answer:
$94,000
Explanation:
Given:
Sales = $220,000
Sales return (refund liability) = $16,000
Cost of goods sold = $110,000
Now,
Net sales = Sales - Sales return
Net sales = $220,000 - $16,000
Net sales = $204,000
Gross profit can be calculated as:
Gross profit = Net sales - Cost of goods sold
Gross profit = $204,000 - $110,000
Gross profit = $94,000
The difference between nominal GDP and real GDP is; A. nominal GDP measures actual productivity B. nominal GDP adjusts for inflation C. real GDP adjusts for inflation D. real GDP excludes imports and exports
Answer:
C. real GDP adjusts for inflation
Explanation:
Real GDP is a measure of a countries production in a given year adjusted for inflation. Real GDP is expressed in base-year prices. It measures inflation since the selected base year. Real GDP provides a more accurate measure of output as it considers changes in prices level. Without real GDP, a country GDP may appear to be growing, whereas its prices that have increased.
Nominal GDP is a valuation of all goods and services produced in a country in a given year using the current prices. The nominal GDP figure is usually higher that of real GDP as it incorporates both growth and prices.
Nominal GDP measures the value of output in current prices, while real GDP adjusts for inflation by measuring the value of output in constant prices.
Explanation:The difference between nominal GDP and real GDP is that nominal GDP measures the value of a nation's output of goods and services in current prices, while real GDP adjusts for inflation by measuring the value of output in constant prices. Nominal GDP can increase due to rising prices, even if the level of output remains the same. On the other hand, real GDP provides a more accurate measurement of the actual level of output by adjusting for changes in prices.
Learn more about difference between nominal GDP and real GDPhttps://brainly.com/question/14034620
#SPJ6
Jonas enters into an oral contract with Chelsea to lease his house to her for $100,000. Chelsea pays him $100,000 and moves in. A month later, Jonas learns that his state requires contracts for the lease of goods with payments of $1,000 or more to be in writing. Which of the following options does either party have?
Answer:
Both parties have to continue with the contract since it cannot be rescinded because it has already been executed, Chelsea is living in the house and Jonas received the money. Since they probably will need a written contract for tax purposes, they can sign a contract with the same terms.
Daniel is resigning from his position as a marketing specialist and would like a permanent record of her official resignation. What is the best communication channel for his to resign and to inform her supervisor of her resignation?
a. Letter
b. E-mail message
c. Instant message
d. Test message
Answer:
a. Letter
Explanation:
A letter is written communication from one party to another. Letters are written on a designated paper, put in an envelope and send either by post or hand-delivered.
A letter can be formal or informal. Daniel should write a formal letter to his boss informing him of his resignation. Should Daniel write a letter, It will an official document in the company. The company will be file the document appropriately and will stay intact for many years.
Daniel can also keep a copy of the letter for himself. A letter has an advantage over the other electronic options. Electronic records can be deleted permanently or get lost should the systems collapse.
The first step in selecting a target market is to study the industry in which the firm intends to compete and determine the different potential target markets in that industry. This process is called:
A) market positioning
B) market splitting
C) market targeting
D) market subdividing
E) market segmentation
Answer:
Letter E is correct. Market segmentation.
Explanation:
Market segmentation is an effective marketing tool in identifying the target audience. In this process, the potential customers market is divided into groups according to individual characteristics and similarities in preferences, interests, needs, location and others. Segmentation is also performed according to the response to the marketing strategies used.
There are several added benefits for an organization that uses market segmentation, such as the ability to customize marketing campaigns according to the characteristics of each group, reducing costs, time and risks.
The __________ stage of the managerial decision-making process involves the use of managerial, administrative, and persuasive abilities to ensure that the chosen alternative is carried out.
The implementation stage of the managerial decision-making process involves using managerial, administrative, and persuasive abilities to carry out the chosen alternative.
Explanation:The implementation stage of the managerial decision-making process involves the use of managerial, administrative, and persuasive abilities to ensure that the chosen alternative is carried out. During this stage, managers put their plans into action and oversee their execution. They allocate resources, assign tasks, monitor progress, and address any obstacles that may arise.
Learn more about Implementation stage of the managerial decision-making process here:https://brainly.com/question/34893503
#SPJ3
The implementation stage of the managerial decision-making process involves carrying out the chosen solution using managerial, administrative, and persuasive abilities. Success at this stage depends on the quality of decision making in previous stages - strategy and solution.
Explanation:The implementation stage of the managerial decision-making process involves the use of managerial, administrative, and persuasive abilities to ensure that the chosen alternative is carried out. In this stage, a specific solution that has been approved after careful deliberation and informed by practical wisdom and experience is put into action. The manager needs to ensure that the decisions taken are being followed and the desired results are being achieved. This stage often requires a leader who can direct, coordinate, and motivate the team to carry out the chosen solution. It's essential in the later phases of problem-solving to be able to claim credit for solutions, ensuring success rates and boosting team morale. The effectiveness of this stage is significantly dependent on the quality of decision making made in prior stages - strategy and solution.
Learn more about Managerial Decision-Making here:https://brainly.com/question/25059901
#SPJ6
The pizza delivery industry is monopolistically competitive. Little Joe's Pizzeria raises its prices by 10%, but all the other pizzerias in town keep their prices the same. Which of the following is most likely to occur?
a) Little Joe's Pizzeria will not be able to sell any pizzas, since it was the only firm to raise its price
b) Little Joe's Pizzeria profits will increase
c) Little Joe's Pizzeria will lose some of its customers
d) the number of customers served by Little Joe's Pizzeria will increase
Answer:
Option (C) is correct.
Explanation:
It was given that pizza industry is under the conditions of monopolistically competitive industry. The firms under monopolistic competitive industry are selling the similar products but these products are not perfect substitutes and the decision made by one firm do not affect directly the decision made by other firms in the industry.
Little Joe's raises the prices by 10%, so as a result demand for his pizza decreases because some of the individuals won't be able to afford that price. Hence, Little Joe's Pizzeria will lose some of its customers.
Final answer:
In a monopolistically competitive market like pizza delivery, Little Joe's Pizzeria will likely lose some of its customers if it raises its prices by 10% while competitors maintain their prices.
Explanation:
In a monopolistically competitive industry like pizza delivery, where Little Joe's Pizzeria operates, firms have some market power due to product differentiation, but there are many close substitutes available. If Little Joe's Pizzeria decides to raise its prices by 10% while all other pizzerias keep their prices the same, it's most likely that Little Joe's Pizzeria will lose some of its customers to competitors.
This outcome is because customers can easily switch to other pizzerias that offer similar products at a lower price. The loss of customers would occur even with differentiated products, as price differences are significant enough to drive consumers to look for alternatives. This tendency aligns with the concept of a firm's perceived demand curve in monopolistic competition, which is downward sloping—indicating that as prices increase, quantity demanded decreases.
The institution-based view driving alliances and acquisitions focuses on _____ concerns.
a. antitrust
b. learning by doing
c. rarity
d. value
Answer: (A) Antitrust
Explanation:
Antitrust is one of the type of law that basically monitor the economical power distribution in terms of business.
It is basically refers to the competitive law which is developed by the united state government for protecting the consumers from the various types of business practices.
It mainly ensure that the fairness in the competition in the market. Antitrust concerns are mainly focus on the institutional acquisitions and the alliances.
Therefore, Option (A) is correct.
Commodity money is:
a. money with intrinsic value.
b. receipts created in international trade that are used as a medium of exchange. c. the principal type of money in use today.
d. backed by gold.
Answer:
Money with intrinsic value.
Explanation:
Commodity money is a money which posses intrinsic value of of its own. It value depend on the commodity of which it is made of. This has been used as medium of exchange, it include Gold, silver, copper, cocoa beans, barley, etc. It is opposite to the fiat money, which is intrinsically useless. Value of commodity money is independent of government control.
Spielberg Inc. signed a $170,000 noninterest-bearing note due in five years from a production company eager to do business. Comparable borrowings have carried an 11% interest rate. What is the value of this debt at its inception?
A. $210,900B. $190,000C. $112,755D. $101,582
Answer:
$100,890
Explanation:
To determine the value of the debt we must calculate the present value of the note:
present value = future value of the note / (1 + interest rate)⁵
present value = $170,000 / (1 + 11%)⁵ = $170,000 / 1.11⁵ = $170,000 / 1.685
present value = $100,890
Which of the following is a limitation of a process layout?
a. It affects the entire system if any equipment in the layout fails.
b. It has higher worker skill requirements.
c. It has highly specialized equipment requirements.
d. It generally requires a low investment for the production of machines.
Answer:
b. It has higher worker skill requirements.
Explanation:
In a process layout or functional layout, all machines and equipment of same functional use or type are placed in a particular and distinct department from machines and equipments of different functional use or type. In simple words, one type of machines are placed in a different space together. For instance, welding machines are together placed in welding department, grinding machines and equipment are placed in grinding department and so on.
Process layout uses the equipments and machines that are already within the process, it just places it differently and no specialized equipment are needed.
Machines and equipments require high and long term investments and the machines and equipments used in process layout are exactly the same.
The limitation of a process layout is that it has higher worker skill requirements due to the specialized nature of each department or process within the layout.
Explanation:The question "Which of the following is a limitation of a process layout?" pertains to how production processes are organized in manufacturing and service operations. Among the options provided, the correct answer is b. It has higher worker skill requirements. A process layout, also known as a job shop layout, is organized around specific processes or functions and is commonly used in operations where a variety of products or services are produced. This layout type faces the limitation of requiring workers with a higher skill set because each process or department specializes in a different operation, necessitating the ability to handle diverse tasks and equipment. This contrasts with other layouts, like a product layout, where tasks are more repetitive and can be performed with less specialized skills.