Tata Motors assembles cars from their own parts and subassemblies and also controls the mining and fabrication of the materials used to create those parts. When Anand ordered their luxury sedan with the platinum dashboard he knew he wouldn't be taking delivery of his dream car the next week. Rather, he would be waiting a while thanks to: a.a mismatch between supply chain lead time and customer demand. b.a mismatch between overall demand levels and productive capacity. c.a mismatch between demand and the most efficient production volume. d.a mismatch between demand and the most efficient shipment volume.

Answers

Answer 1

Answer:

The correct answer would be option A, A mismatch between supply chain lead time and customer demand.

Explanation:

Anand ordered his dream car which is luxury sedan with platinum dashboard. He knows that the delivery of his car will take time to reach him. This is because of the fact that there is a mismatch between supply chain lead time and the customer demand. A lead time is simply the delay or latency between the starting of a process till its execution. The delayed time between the initiation and the execution of a process is called as the lead time. Now Anand has ordered his dream sedan with some customization, which is the demand of the customer. Now the delay in the delivery of the his dream car will be due to the mismatch between his demand and the latency in the initiation and execution/delivery of the car to Anand.


Related Questions

Suppose a recent college graduate's first job allows her to deposit $150 at the end of each month in a savings plan that earns 6%, compounded monthly. This savings plan continues for 15 years before new obligations make it impossible to continue. If the accrued amount remains in the plan for the next 15 years without deposits or withdrawals, how much money will be in the account 30 years after the plan began? (Round your answer to the nearest cent.)

Answers

Answer:

$107,054.45

Explanation:

rate 6% annual compounded monthly so the monthly rate will be 0.5%

The situation will be the following

first we have

Annuity of 150 for 15 years x 12 = 180 months and 6% /12 = 0.5% rate

Then

this ammount will be generate interest for 15 more years

Annuity of $150 during 180 period at 0.5% = $43,623

Then 43,623 for 180 period at 0.5%  = $107,054.45

The projected benefit obligation (PBO) is best described as thea. Present value of benefits accrued to date based on future salary levels.b. Present value of benefits accrued to date based on current salary levels.c. Increase in retroactive benefits at the date of the amendment of the plan.d. Amount of the adjustment necessary to reflect the difference between actual and estimated actuarial returns.

Answers

Answer: the correct answer is a. Present value of benefits accrued to date based on future salary levels.

Explanation: The actuarial formula used to calculate the Projected Benefit Obligation takes into account future increases in pension contributions that would take place as the employee's salary increases. For a company the PBO is an estimate of the pension liability.

If C(x) is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. Consider the cost function C(x) given below. C(x) = 2,000 + 170x + 4x3/2 (a) Find the total cost at a production level of 1000 units. (Round your answer to the nearest cent.)

Answers

Answer: $2,98,491.106 ⇒ Total cost of production

Explanation:

Given that,

Total cost of production at x = 1000 units

C(x) = 2000 + 170x + 4[tex]x^{\frac{3}{2} }[/tex]

C(1000) = 2000 + 170(1000) + 4[tex]1000^{\frac{3}{2} }[/tex]

             = 2000 + 170000 + 126491.106

             = $2,98,491.106 ⇒ Total cost of production

So, above is the cost of producing 1000 units.

How much must you deposit each year into your retirement account starting now and continuing through year 10 if you want to be able to withdraw $75,000 per year forever, beginning 34 years from now? Assume the account earns interest at 10% per year.

Answers

Answer:

This person would deposit $5,255.47 for ten years.

It will generated a value of $83758.62 which will coumpound interest for 23 years unit reach $750,000

After that, the person will withdraw 75,000 per year until his death

Explanation:

Timeline:

for 10 year the person will do annual deposit.

24 years after that, wants to withdraw 75,000 forever AKA indefinite

[tex]infinite \:anuity = \frac{Principal}{Rate} \\\frac{75,000}{0.10} = 750,000[/tex]

This is the future value needed for the person at the end of year 33 (Because at the beginning of year 34 It will withdraw 75,000)

This value will be the result of 23 years of interest of a lump sum

[tex]Principal \timex (1+rate)^{time} = Amount[/tex]

[tex]Principal \timex (1+0.10)^{23} = 750,000[/tex]

Principal = 83758.61835

This value will be the proceeds of the 10 years annuity

This is the future value of the annuity. This is the kicker of the investment. It starts from here.

[tex]C * \frac{(1+r)^{time} -1}{rate} = FV\\[/tex]

[tex]C * \frac{(1+0.10)^{10} -1}{0.10} = 83758.61835\\[/tex]

C = 5,255.467583

Suppose you invest $5,000 per year, for 10 years, into an account with an annual rate of return of 7%. Deposits are made at the end of each year. Starting in the next year (Year 11), what is the maximum amount you can withdraw each year for the next 17 years, assuming the rate of return is now 6% per year?

Answers

Answer:

Explanation:

The timeline would be as follows:

During the first 10 years, we deposit 5,000 at 7% market rate.

Then we withdraw at the beginning of Year eleven during 17 year. The market price for this period is 6%

First Step amount at end of year 10

[tex]C * \frac{(1+r)^{time} - 1 }{rate} = FV\\[/tex]

[tex]5,000 * \frac{(1+0.07)^{10} - 1 }{0.07} = FV\\[/tex]

FV = $69,082.24

Then, we are going to calculate how much can be withdraw during 17 years

At the beginning of the period at 6% rate

[tex]C = PV \frac{rate}{1-(1+rate)^{-time} }/ (1+rate)[/tex]

From the PV formula, we clear the Cuota and then we divide by 1.06 because we are doing an annuity-due. The amount is withdraw at the beginning of the period. That's why we add a new element.

[tex]C = 69,082.24 \frac{0.06}{1-(1.06)^{-17} } /(1.06)[/tex]

C = 6220.32

Shannon purchases reams of copy paper for $1.75 and sells them for $4.25. Her business is all on the internet, so she works from home and has minimal business expenses. She pays shipping costs of $1.18 per ream. She has one other employee that she pays $1,200 per month plus a commission of 8% of sales revenue. What is Shannon’s unit contribution margin?

Answers

Answer:

The contribution margin per unit is 0.98$

Explanation:

[tex]Sales \: Revenue - Variable \: Cost = Contribution \: Margin[/tex]

4.25 revenue

1.75 copo paper

1.18 shipping cost

.34 sales commision

3.27 total variable cost

Contribution 4.25 - 3.27 = 0.98

The contribution margin per unit is 0.98$ This is what is left after paying the variable cost.

In Myanmar​, six ​laborers, each making the equivalent of $ 2.50 per​ day, can produce 40 units per day. In China​, ten ​laborers, each making the equivalent of $ 2.25 per​ day, can produce 48 units. In Billings comma Montana​, two ​laborers, each making $ 60.00 per​ day, can make 102 units. Based on labor cost per unit​ only, the most economical location to produce the item is China ​, with a labor cost per unit of ​$ . 05. ​(Enter your response rounded to two decimal​ places.)

Answers

Answer:

$0.520

Explanation:

To find the relative labor cost in each country, simply divide the production number by the total value used in the labor force (with all employees).

In China: $ 2.25 x 10 workers = $ 25 dollars a day with labor.

The cost per unit of production will be: 25/48 = $0.520

Bank of America’s _____________ provides information such as its interest expense, or the interest the bank paid depositors, and its interest income, or the interest it earned by investing deposits over a period of time. This document also states the bank’s other revenues and expenses for the time period. 1. leverage ratio 2. activity ratio 3. income statement 4. balance sheet

Answers

Answer:

3. income statement

Explanation:

Bank of America’s income statement provides information such as its interest expense, or the interest the bank paid depositors, and its interest income, or the interest it earned by investing deposits over a period of time. This document also states the bank’s other revenues and expenses for the time period.

Final answer:

The income statement is the document which provides details of Bank of America's interest expense, its interest income, and other revenues and expenses over specific time period.

Explanation:

The document that provides information such as the interest expense, or the interest the bank, in this case Bank of America, paid to depositors, along with its interest income and its other revenues and expenses for a particular time period is known as its income statement.

This financial statement is essential for providing a detailed overview of the bank's financial performance, including its ability to earn income from its assets and pay off its liabilities within a specified period. The income statement provides investors and other stakeholders with information on the bank's earnings, costs, and net profit or loss.

To provide some context, while an income statement showcases the bank's revenues and expenses, a balance sheet lists assets and liabilities. This means the balance sheet offers a more static view of the bank's financial situation at a specific point in time, whereas the income statement is more about the flow of transactions.

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Swifty Corporation issued 3,100 5%, 5-year, $1,000 bonds dated January 1, 2017, at face value. Interest is paid each January 1. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2017. (b) Prepare the adjusting journal entry on Dec 31, 2017, to record interest expense. (c) Prepare the journal entry on Jan 1, 2018, to record interest paid.

Answers

Answer:

(A)

cash 3,100,000

bonds payable 3,100,000

(B)

interest expense   155,000

interest payable                      155,000

(C)

interest payable   155,000

    cash                                      155,000

Explanation:

(A) the bonds were issued at par value so no discount or premium should be aknowledge

(B) 3,100 bonds x 1,000 face value x 5% interest = 155,000 interest expense

this interest expense is not paid at dec 31th so it is interest payable

(C) write-off the payable and the decrease in cash for the amount paid.

A capital budgeting technique that can be computed by subtracting a​ project's initial investment from the present value of its cash inflows discounted at a rate equal to a​ firm's cost of capital is called net present value. True or false.

Answers

I believe the answer is true.

A wallet contains five $10 bills, three $5 bills, and seven $1 bills (nothing larger). If the bills are selected one by one in random order, what is the probability that at least two bills must be selected to obtain a first $10 bill? (Round your answer to three decimal places.)

Answers

Answer: The probability that at least two bills must be selected to obtain a first $10 bill is 0.67.

Explanation:

Let X be the number of trials to get first $10 bill

p ⇒ is the probability of getting $10 bill, that is,

= [tex]\frac{5}{15}[/tex]

In this question, X follows the geometric distribution,

The geometric distribution gives the likelihood that the first event of progress requires k independent trials, each with progress likelihood p. In the event that the likelihood of success on every trial is p, at that point the likelihood that the kth trials (out of k preliminaries) is the first success is

{\displaystyle \Pr(X=k)=(1-p)^{k-1}p} {\displaystyle \Pr(X=k)=(1-p)^{k-1}p}

for k = 1, 2, 3, ....

P( X ≥ 2 )  = ?

P( X ≥ 2 )   = 1 - P( x < 2 )

P( x < 2 ) = P( x = 1 ) = [tex]\frac{5}{15}[/tex] × [tex](1 - \frac{5}{15} )^{1 - 1}[/tex]

So,

P( X ≥ 2 )   = 1 - 0.33

= 0.67

Final answer:

The probability that at least two bills must be selected to obtain a first $10 bill from a wallet containing five $10 bills, three $5 bills, and seven $1 bills is approximately 0.238 or 23.8%.

Explanation:

The probability we need to calculate here is related to the first $10 bill not being selected on the first draw, but rather on the second or later draws. There are a total of 15 bills in the wallet (5 $10 bills, 3 $5 bills, and 7 $1 bills).

To begin with, we can consider the probability of not drawing a $10 bill on the first draw. There are 10 bills that are not $10 bills and 15 total bills, giving a probability of 10/15, which simplifies to 2/3 or approximately 0.667.

To do this, you'd be basically ignoring the $10 bills for the first draw, thinking as if they are not there at all and you are picking up from the other bills ($5 or $1). But since the question asks for the condition where you must select at least two bills in order to obtain a $10 bill, it implies that you get a $10 bill on your second draw. Assuming that you didn't pick a $10 bill in your first draw, for the second draw, you are left with 14 bills in total out of which 5 are $10 bills. Therefore, the probability for getting a $10 bill on the second draw is 5/14, which simplifies to approximately 0.357.

So, the combined probability of these two events happening in sequence (not picking a $10 bill on the first draw and then picking a $10 bill on the second) is the product of these two probabilities, according to the rule of product in probability theory, which gives us approximately 0.667 * 0.357 = 0.238 or 23.8% when converted into a percentage. Therefore, the probability that at least two bills must be selected to obtain a first $10 bill is approximately 0.238 or 23.8%.

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Chile and Argentina each produce jellybeans and peanut butter, using labor as their only resource. Each country has 1,000 hours of labor. In Chile, an hour produces a pound of jellybeans and 2 hours produce a pound of peanut butter. In Argentina, an hour produces a pound of jellybeans and 3 hours produces a pound of peanut butter. When they do not trade with each other, Chile consumes 600 pounds of jellybeans and 200 pounds of peanut butter, and Argentina consumes 400 pounds of jellybeans and 200 pounds of peanut butter. Which country has an absolute advantage in jellybean production?

Answers

Answer: Neither country have a absolute advantage in jellybean production.

Explanation:

Absolute Advantage: A country has a absolute advantage in producing a commodity if the production of that commodity requires less labor hours than the country.

In this question, neither country is having absolute advantage in jellybean production because in both the countries labor hour requirement in producing a pound of jellybean is 1 hour.

Therefore, labor hour requirement is same in both countries, so, neither country is having absolute advantage in jellybean production.

A school PTA wants to rent a dunking tank for its annual school fundraising carnival. The cost is $85.00 for the first three hours and then $19.50 for each additional hour or part thereof. How long can the tank be rented if up to $185 is budgeted for this expense?

Answers

Answer:

it can be rented for 8 hours

Explanation:

From the available amount we are discounting the starting value:

185 -85 first three hours 100

We are left with $100 for the extra hours

100/19.5 = 5 additional hours

so the total hours would be the first three plus five additional for a total of eight hours.

In an eight-hour day Nicolas can catch 24 pounds of fish or he can repair 15 cars. In an eight-hour day Alejandro can catch 27 pounds of fish or he can repair 18 cars. If both men decide to follow their comparative advantage then Nicolas will gain from trade if he can sell 100 units of the good he is specializing in for at least ____ units of the other good. Enter a number rounded to 2 decimal places as necessary.

Answers

Answer:

Explanation:

Here Nicolas will gain comparative advantage only when he is selling the good he is specializing in and he would specialize in that good which would have lower opportunity cost for him. So the first step that we have to do here is to find out for which good Nicolas will have lower opportunity cost.

For Nicolas who in 8 hours can either catch 24 pound of fish or repair 15 cars,

the opportunity cost for catching 1 fish is = 15/24 = .625

the opportunity cost for repairing 1 car is = 24/15 = 1.6

So from the above observation we can say that for Nicolas catching fish has lower opportunity cost for him , so he should specialize in catching fish.

Therefore the term of trade for Nicolas would be

1 fish = .625 cars ,

if he can catch and sell 100 units worth of fish then he would have to give up 62.5 cars and then only he will gain from trade,

1 x 100 fish = .625 x 100

100 fish = 62.5 cars.

Answer: 63 units

Explanation:

Comparative advantage: A country has a comparative advantage in producing a commodity, if the opportunity cost of producing a commodity in terms of other commodity is lower in that country as compared to the other country.

Nicolas Comparative advantage:

(1) Opportunity cost of repairing 1 car = [tex]\frac{24}{15}[/tex]

                                                              = 1.6

So, 1.6 pounds of fish have to be foregone for repairing 1 car.

(2) Opportunity cost of catching 1 pound of fish = [tex]\frac{15}{24}[/tex]

                                                              = 0.625

So, 0.625 units of car repair have to be foregone for catching 1 pound of fish.

Alejandro Comparative advantage:

(1) Opportunity cost of repairing 1 car = [tex]\frac{27}{18}[/tex]

                                                              = 1.5

So, 1.5 pounds of fish have to be foregone for repairing 1 car.

(2) Opportunity cost of catching 1 pound of fish = [tex]\frac{18}{27}[/tex]

                                                              = 0.666

So, 0.666 units of car repair have to be foregone for catching 1 pound of fish.

Hence, above calculations shows that Nicolas has a comparative advantage in catching fish because Nicolas has a lower opportunity cost of catching 1 pound of fish than Alejandro.

Whereas, Alejandro has a comparative advantage in repairing cars because    Alejandro has a lower opportunity cost of repairing 1 car than Nicolas.

If Nicolas wants to catch 1 pound of fish so he have to foregone 0.625 cars repair.

so, if he can sell 100 pounds of fish as he is specialized in this good, then he have to foregone:

⇒100 × 0.625 = 63 cars repair

Brief Exercise 9-10Incorrect answer. Your answer is incorrect. Try again.Suppose in its 2017 annual report that McDonald’s Corporation reports beginning total assets of $28.15 billion, ending total assets of $30.50 billion, net sales of $22.95 billion, and net income of $4.10 billion.(a) Compute McDonald’s return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.)McDonald’s return on assetsEntry field with incorrect answer%(b) Compute McDonald’s asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.)McDonald’s asset turnoverEntry field with incorrect answer

Answers

Answer: return on assets = 13.98%

assets turnover = 0.78

Explanation: A. COMPUTING RETURN ON TOTAL ASSETS :-

Return on total assets can be defined as the return the owners of the company get for investing in the total assets of the entity. It is used as a performance measure.

[tex]=\:Formula\:=\:\frac{net\:income}{average\:total\:assets}[/tex]

where,

[tex]=\:average\:total\:assets\:=\frac{begining\:assets+ending\:assets}{2}[/tex]

[tex]=\:average\:total\:assets\:=\frac{28.15+30.50}{2}[/tex]

     = 29.32

therefore:-

[tex]=\:Formula\:=\:\frac{4.10}{29.32}[/tex]

      = 13.98%

.

B. COMPUTING ASSET TURNOVER :-

It shows the ability of assets of a business to generate income.

[tex]=\:Formula\:=\:\frac{net\:sales}{average\:total\:assets}[/tex]

[tex]=\:Formula\:=\:\frac{22.95}{29.32}[/tex]

=0.78

Final answer:

Return on assets (ROA) and asset turnover are two financial ratios used to measure profitability and efficiency.

Explanation:

Return on assets (ROA) is a financial ratio that measures a company's profitability by showing how efficiently it generates profits using its assets. To calculate McDonald's return on assets, divide its net income by its average total assets:

ROA = (Net Income / Average Total Assets) * 100

Asset turnover is another financial ratio that measures a company's efficiency in using its assets to generate sales revenue. To calculate McDonald's asset turnover, divide its net sales by its average total assets:

Asset Turnover = Net Sales / Average Total Assets

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A company has the following balance sheet. What is its net operating working capital? Cash $ 10 Accounts payable $ 30 Short-term investments 30 Accruals 10 Accounts receivable 50 Notes payable 50 Inventory 40 Current liabilities 90 Current assets 130 Long-term debt 60 Net fixed assets 100 Common equity 30 Retained earnings 50 Total assets $230 Total liab. & equity $230 Select one: a. $130 b. $100 c. $40 d. $60 e. $230

Answers

Answer:

d. $60

Explanation:

operating assets - operating liabilities = net operating working capital

First:

cash 10

ar 50

inventory 40

operating assets 100

Then:

account payable 30

accruals 10

operating liabilities 40

Calculate:

operating assets 100 - operating liabilities 40 = net operating working capital

net operating working capital = 60

Final answer:

The company's net operating working capital (NOWC) is $60, which is calculated by subtracting the current liabilities excluding notes payable ($40) from the operating current assets ($100).

Explanation:

To determine a company's net operating working capital (NOWC), we need to subtract its current liabilities excluding any notes payable from its operating current assets. The operating current assets include Cash ($10), Accounts Receivable ($50), and Inventory ($40), which total to $100. The current liabilities excluding notes payable are Accounts Payable ($30) and Accruals ($10), which total to $40. Therefore, the NOWC is $100 (operating current assets) - $40 (current liabilities excluding notes payable) = $60.

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Which of the following best illustrates the free rider problem?A. Since no one owns elephants and elephants are valued for their hide, meat and ivory, elephants can be hunted to extinction.B. For every purchase of a $30 fare card, you are entitled to five free bus rides.C. If your neighbors professionally landscape their front yards, it is likely that the market value of your property will increase.D. All three homeowners in a quiet cul-de-sac have expressed the desirability of security lighting in the common parking area. One of the homeowners installs the lighting and asks you to contribute toward the cost. You choose not to contribute.

Answers

Answer: Option (D) is correct.

Explanation:

The free rider problem arises when the burden of a shared product transfer on one person, since both are enjoying the utilities derived from that product.  

Other person refuses to pay for the shared product's burden and having a free ride.

In this question, there are three home owners and all of them are interested for fixing a security lighting in the parking lot.

Since, one of the homeowners installed that lights and asked others to pay for the product as they are also getting utilities from the security lightning.

But they refuses to contribute towards cost of security lightning in the parking lot. Hence, they are free riders.  

Final answer:

The free rider problem is best illustrated by the homeowner who benefits from the security lighting installed by another homeowner in their shared parking area but refuses to contribute to its cost. A free rider benefits from a public good without contributing to its provision, which can lead to unfair distribution of costs. This, in turn, may discourage the provision of public goods.

Explanation:

The option that best illustrates the free rider problem is 'D. All three homeowners in a quiet cul-de-sac have expressed the desirability of security lighting in the common parking area. One of the homeowners installs the lighting and asks you to contribute toward the cost. You choose not to contribute.'

A free rider is a person who benefits from a public good or service without contributing to its cost. This concept often applies to services or goods provided by governments or communities, but anyone can be a free rider when not contributing to a shared cause. In the example, the person who chooses not to contribute to the cost of the security lighting but still benefits from its presence is a free rider. This phenomenon can lead to the unfair distribution of costs and benefits, and may deter the provision of public goods and services.

To further explain, in common goods situations such as forests, fisheries, or air quality, where the goods are not excludable and may be finite, everyone has access. The 'tragedy of the commons' occurs when self-interested parties deplete those resources while acting in their own immediate self-interest, leaving nothing for future generations. In this case, the 'commons' is the security lighting, and the 'tragedy' unfolds when one party refuses to contribute, yet benefits from the light.

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J-Chron's board of directors periodically meets with the CFO of the company. The CFO reports on the financial status of a company project, after which the board inquires about the project's compliance with legally-required accountings principles. It asks no other questions about the project. Which of the following is true? A) The board is meeting all of its vigilance requirements. B) The board is not meeting any basic vigilance requirements. C) The board is meeting legally-required vigilance standards, but not necessarily those which would protect shareholders' interest. D) The board is not legally required to meet vigilance requirements.

Answers

Answer:

The answer is (C) The board is meeting legally-required vigilance standards, but not necessarily those which would protect shareholders' interest.

Explanation:

Based on the question, it is clear that the board of directors is only ensuring that the accounting methods used to report the current company’s project are in line with any legal regulations that are applicable to the project. No questions in regards to the current progress of the project, such as how the budget is used; what it is used for; are the funds used appropriately, are being considered by the board. This means that the board is not carefully considering the shareholders’ interest, who might not be entirely on board with the project if it is not going as well as it should have, or if it is costing more than the value of the project itself.  

Final answer:

The J-Chron's board of directors is meeting legally-required vigilance standards by inquiring about compliance with accounting principles but it may not be fully protecting shareholder interests without broader inquiries into the project.

Explanation:

When assessing the scenario where the J-Chron's board of directors only inquires about a company project's compliance with legally-required accounting principles and not other aspects of the project, we can determine that the board is partially fulfilling its oversight role. The board is responsible for the corporate governance of a company and is supposed to ensure that the company operates in the best interest of shareholders. Simply checking for compliance with accounting principles would meet legally-required vigilance standards but may not fully protect shareholders' interests as it lacks a broader inquiry into the project's performance, risks, management, and strategic alignment with company goals.

Option C) The board is meeting legally-required vigilance standards, but not necessarily those which would protect shareholders' interest, is the statement that seems most accurate in this setting. To provide thorough governance, the board should actively pursue a range of inquiries going beyond legal compliance toward assessing all aspects of a project's implications for the company's health and success.

​Elephant, Inc.'s cost of goods sold for the year is​ $2,000,000, and the average merchandise inventory for the year is​ $129,000. Calculate the inventory turnover ratio of the company.​ (Round your answer to two decimal​ places.)

Answers

Answer:

Inventory TurnOver = 15.50

Explanation:

[tex]\frac{net \: sales}{average \: Inventory} = Inventory \: TurnOver[/tex]

Where:

[tex]average \: Inventory = (beginning \: Inventory+ ending \: Inventory) \div 2[/tex]

In this case we are given with the average inventory so we can pass directly to calculate the turnover

2,000,000/129.000 = 15.50387597

Market equilibrium Consider the demand function of tofu given by Qd = 150 – 10p + 5pb and the supply function of tofu given by Qs = 50 + 20p – 7ps, where pb is the price of beef and ps is the price of soybeans. a) Find the equilibrium price (pe) and quantity (Qe) of tofu, in terms of the beef price (pb). Consider the average soybean price to be ps = 2 $/lb. b) Calculate pe and Qe when beef price is pb = 5 $/lb. c) If the price of tofu is fixed at @ 2.5 $/lb, will the market have excess demand or excess supply? Explain. d) The willingness to pay for tofu increased significantly after the Plant-Based Burger Battle organized in Davis. The new demand is given by Qd = 180 – 10p + 5pb). Keeping the same supply function, what are the new pe and Qe? (Consider the same pb = 5 $/lb and ps = 2 $/lb.)

Answers

Answer:

a) Qs = 50 + 20p - 7ps

= 50 + 20p - 7×(2)

= 50 + 20p - 14

= 36 + 20p

At equilibrium, [tex]Q_{d}[/tex] = [tex]Q_{s}[/tex]

So, 150 - 10p + 5[tex]p_{b}[/tex] = 36 + 20p

So, 20p + 10p = 30p

= 150 - 36 + 5[tex]p_{b}[/tex]

= 114 + 5[tex]p_{b}[/tex]

So, p = (114/30) + (5/30)[tex]p_{b}[/tex]

= 3.8 + 0.17[tex]p_{b}[/tex]

Thus, [tex]p_{e}[/tex] = 3.8 + 0.17[tex]p_{b}[/tex]

Q = 36 + 20p

= 36 + 20(3.8 + 0.17[tex]p_{b}[/tex])

= 36 + 76 + 3.4[tex]p_{b}[/tex]

= 112 + 3.4[tex]p_{b}[/tex]

Thus, [tex]Q_{e}[/tex] = 112 + 3.4[tex]p_{b}[/tex]

b) [tex]p_{e}[/tex] = 3.8 + 0.17[tex]p_{b}[/tex]

= 3.8 + 0.17×(5)

= 3.8 + .85

= 4.65

[tex]Q_{e}[/tex] = 112 + 3.4[tex]_{b}[/tex]

= 112 + 3.4(5)

= 112 + 17

= 129

c) Qd = 150 - 10p + 5pb = 150 - 10(2.5) + 5(5) = 150 - 25 + 25 = 150

Qs = 36 + 20p = 36 + 20(2.5) = 36 + 50 = 86

Thus, there is excess demand as [tex]Q_{d}[/tex] > [tex]Q_{s}[/tex]

d) New [tex]Q_{d}[/tex]= 180 - 10p + 5[tex]p_{b}[/tex]

= 180 - 10p + 5×(5)

= 180 - 10p + 25

= 205 - 10p

Now, new [tex]Q_{d}[/tex] = [tex]Q_{s}[/tex] gives,

205 - 10p = 36 + 20p

So, 20p + 10p = 205 - 36

So, 30p = 169

So, p = 169÷30

So, [tex]p_{e}[/tex] = 5.63

Q = 205 - 10p = 205 - 10×(5.63) = 205 - 56.3 = 148.7

So, [tex]Q_{e}[/tex] = 148.7

Adrian Atwood, a senior manager at MNC, spends a lot of his time assigning group members to particular tasks and scheduling their work such that deadlines are achievable. Adrian also sets high expectations for standards of performance, and holds regular meetings to ensure that productivity and quality are up to the mark. In the light of the Ohio State Studies, this indicates that Adrian, as a leader, is ________.

Answers

Answer:

According to the Ohio state studies , we can say that the Adrian as leader is high in initiating structure.

Explanation:

Initiating structure can be defined as the particular degree to which a leader would define his or her role and also specify and organize the role of employees too, in order to achieve the organizations goals.

Adrian is also doing the same thing here, as she has given a lot of time in assigning employees their particular tasks and scheduling their work , in such a way that goals are achieved.

When you take out a mortgage your home becomes the collateral. true or false

Answers

Answer:

True

Explanation:

A mortgage loan is done to purchase or create real state or by existing property owners to raise funds for any purpose, in both cases, while putting a lien on the property being mortgaged.

The collateral will be the property, because is the item pledged to guarantee the repayment of a loan.

Foreclosure or repossession:

The act upon which the lender will take possession and sell the property to pay off the loan in the event the borrower fails to perform the payment in terms.

Mart, Inc., is a public company whose shares are traded in the over-the-counter market. At December 31, Year 2, Mart had 6 million authorized shares of $5 par value common stock, of which 2 million shares were issued and outstanding. The equity accounts at December 31, Year 2, had the following balances:

Answers

Final answer:

Mart, Inc., a publicly traded company, had six million authorized shares and two million issued and outstanding shares of $5 par value common stock by the end of Year 2.

Explanation:

Mart, Inc. is a publicly traded company in the over-the-counter market. As of December 31 in Year 2, Mart had 6 million authorized shares of $5 par value common stock, of which 2 million shares were issued and outstanding. Authorized shares represent the maximum number of shares that a company can legally issue. Mart's 6 million authorized shares suggest that the company is currently able to distribute a lot more shares than it actually has.

Issued and outstanding shares, mentioned as 2 million for Mart, are shares that have been sold and are currently owned by investors. They represent ownership in the company. Thus, out of 6 million possible, 2 million shares have been sold and then held by investors at the end of Year 2.

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Centurion Alarms recently declared a 10 percent stock dividend. Prior to the stock dividend, the equity section on Centurion's balance sheet was: ​ Common stock (100,000 shares outstanding, $1 par value) $100,000 Additional paid-in capital 60,000 Retained earnings 90,000 Total common shareholders' equity $250,000 ​ Centurion's stock currently sells for $4 per share. After the stock dividend is paid, the amount in the Common stock account should be _______ and the amount in the Retained earnings account should be ______. $110,000; $50,000 $100,000; $90,000 $140,000; $50,000 $100,000; $50,000 $90,000; $110,000

Answers

I believe the answer would be $110,000; $50,000

Suppose that the total revenue received by a company selling basketballs is $600 when the price is set at $30 per basketball and $600 when the price is set at $20 per basketball. Without using the midpoint formula, identify whether demand is elastic, inelastic, or unit-elastic over this price range.

Answers

Answer: Demand is Unit - Elastic over this price range.

Explanation:

When total revenue remains the same over various price level then the demand curve is unitary elastic.

Unit-Elastic demand - It depicts a demand curve which is perfectly responsiveness to changes in cost. That is, the amount of demand changes as indicated by a similar percentage changes in prices.

A demand curve with an elasticity of 1 is called as unitary elasticity of demand.

Woidtke Manufacturing's stock currently sells for $29 a share. The stock just paid a dividend of $2.60 a share (i.e., D0 = $2.60), and the dividend is expected to grow forever at a constant rate of 6% a year. (a) What stock price is expected 1 year from now? Do not round intermediate calculations. (b) What is the estimated required rate of return on Woidtke's stock? Round your answer to the nearest cent.

Answers

Answer: Price after 1 year = $24.83

Explanation:

Return = [D1/P0 ]+ g

= [(3*1.08)/23] + 0.08

= 22.09%

We assume the return is same for next year as well.

Thus,

r = [D2/P1] + g

22.09% = (3*1.082/P1) + 8%

P1 = $24.83

Thus, price after 1 year is $24.83

What stock price is expected 1 year from now? $ 37.1

What is the estimated required rate of return on Woidtke's stock? 15.50%

Explanation:

A stock market is where investors meet to buy and sell shares. Stocks are an equity investment represented the part ownership in the corporation and entitles you to part of that corporation's earnings and assets

A dividend is the payment by a corporation to its shareholders, as a distribution of profits. A shareholder is individual or institution legally owns one or more shares of stock in corporation.

Stock price or share price is the price of a single share of a number of saleable stocks of a company, derivative or other financial asset.

Woidtke Manufacturing's stock currently sells for $29 a share. The stock just paid a dividend of $2.60 a share (i.e., D0 = $2.60), and the dividend is expected to grow forever at a constant rate of 6% a year.

(a) What stock price is expected 1 year from now? Do not round intermediate calculations.

[tex]29*1.06 = 37.1[/tex]

$ 37.1

(b) What is the estimated required rate of return on Woidtke's stock? Round your answer to the nearest cent.

[tex]=\frac{(2.60*1.06)}{29} + 0.06\\[/tex]

[tex]= 15.50[/tex] %

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Helmsman Products sells a special type of navigation equipment for $ 1 comma 200. Variable costs are $ 800 per unit. When a special order arrived from a foreign contractor to buy 40 units at a reduced sales price of $ 1 comma 000 per​ unit, there was a discussion among the managers. The controller said that as long as the special price was greater than the variable​ costs, the sale would contribute to the​ company's profits and should be accepted as offered. The vice​ president, however, decided to decline the order. Which of the following statements supports the decision of the vice​ president? A. The company will need to hire additional staff to execute this order. B. The order is not likely to affect the regular sales. C. The variable costs of $ 800 includes variable costs of packing the product. D. The company is operating at​ 70% of its production capacity.

Answers

Answer:

A. The company will need to hire additional staff to execute this order.

Explanation:

Since it is a special order, that too with a lower sale price, will affect the normal sales, and for this in order to make this order viable and not affect normal sales we need additional staff. Normal sales are domestic in nature, variable packing cost for international transfer will be additional to normal variable cost of $800 as would not be included, it does not matter whether currently the company is operating at 70% capacity as total fixed cost will be same additional variable cost based on number of units will be incurred then contribution margin will provide for profit, thus

Therefore The statement supporting Vice President is

A. The company will need to hire additional staff to execute this order.

Aaker Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $99 Units in beginning inventory 0 Units produced 6,300 Units sold 6,000 Units in ending inventory 300 Variable costs per unit: Direct materials $12 Direct labor $42 Variable manufacturing overhead $6 Variable selling and administrative $6 Fixed costs: Fixed manufacturing overhead $170,100 Fixed selling and administrative $24,000 What is the net operating income for the month under absorption costing? $3,900 ($14,100) $12,000 $8,100

Answers

Answer:

Net Income = $12,000

Explanation:

Under absorption costing cost allocated to cost of goods sold = Prime cost + Manufacturing overheads. That is selling and administrative cost is not allocated.

Computing Net Income

No of units = 6,000

Sales 6,000 X $99 = $594,000

Less: Cost of Goods Sold

Direct Material = $12 X 6,000 = $72,000

Add: Direct Labor = $42 X 6,000 = $252,000

Add: Variable Manufacturing Overhead = $6 X 6,000 = $36,000

Add: Fixed manufacturing overhead = ($170,100/6,300) X 6,000 = $162,000

Total cost of goods sold = $522,000

Gross Margin = $72,000

Less: Operating Cost

Selling And Distribution

Variable $6 X 6000 = $36,000

Fixed = $24,000

Total Operating cost = $60,000

Net Income = $12,000

Final answer:

The net operating income resulted in a loss of $107,700 for Aaker Corporation.

Explanation:

To calculate this, we first need to compute the total cost of goods sold (COGS) and the total sales, and then subtract the total costs from the total sales to find the net operating income.

The COGS under absorption costing includes the total variable costs (direct materials, direct labor, variable manufacturing overhead) and a portion of the fixed manufacturing overhead. Since no inventory was there at the start, the ending inventory needs to be valued at the full absorption cost per unit.

Total variable cost per unit = Direct materials ($12) + Direct labor ($42) + Variable manufacturing overhead ($6) = $60
Fixed manufacturing overhead per unit = Fixed manufacturing overhead ($170,100) / Units produced (6,300) = $27
Full absorption cost per unit = Total variable cost per unit + Fixed manufacturing overhead per unit = $60 + $27 = $87

Total sales = Selling price ($99) / unit × Units sold (6,000) = $594,000
Total COGS = (Units sold (6,000) + Units in ending inventory (300)) × Full absorption cost per unit ($87) - Ending inventory (300 × $87) = $507,600
Gross profit = Total sales - Total COGS = $594,000 - $507,600 = $86,400
Total fixed costs = Fixed manufacturing overhead ($170,100) + Fixed selling and administrative ($24,000) = $194,100
Net operating income = Gross profit - Total fixed costs = $86,400 - $194,100 = $107,700 (This is a loss, therefore we put it in parentheses) = ($107,700)

On his way home from work, Phil stopped at a shopping center. He parked in front of the dry cleaner, where he could pick up his suit. He did not have to move his car because next door was a gift shop where he could pick up a gift for his niece. Conveniently enough, next door to that store was a supermarket, where he purchased essentials like milk and cornflake cereal. Phil was shopping in what type of shopping center? Lifestyle center Mixed-use development center Enclosed shopping mall Power center Neighborhood center

Answers

Hello there!

Your question asks what type of shopping center Phil is shopping at.

Answer: Neighborhood Center

The reason why "Neighborhood Center" would be the correct answer is because the stores that Phil is going to is more "convenient."

The stores that Phil went to: dry cleaner, gift shop, and supermarket are all stores that are more convenient to customers. Neighborhood centers have stores that are more convenient to customers, due to the fact that they people would be shopping for essential items that would go well with ones well being or for the house.

Since the stores that Phil shopped at are convenient stores, and neighborhood centers have convenient stores, this means that Phil is shopping at a Neighborhood center.

I hope this helps!Best regards,MasterInvestor

When Walt Disney Company's executives were planning to build a theme park in France, they firmly believed that the success of McDonald's and Coke, as well as their own success in Tokyo, ensured the runaway success of their plans. Disney policies prohibit sale or consumption of alcohol inside their theme parks, which they also implemented in France. This proved to be a failure since consuming wine with the midday meal is a long-established custom in France. This is most likely a classical example of what?

Answers

Answer:

This is a example of the variable "Costumer preferences of a product "  in the marketing mix

Explanation:

This is most likely a classical example of a failure in the product design when Walt Disney Company's executives made the marketing mix planning to build a theme park in France. The executives must consider the customer preference at each country to discover what people need and desire and fulfill that in the best possible way to succeed in.  

Final answer:

The Walt Disney Company's failed policy in France is a classic example of a cultural faux pas, demonstrating the pitfalls of disregarding local customs in international business.

Explanation:

When the Walt Disney Company planned to build a theme park in France and decided to implement a policy prohibiting the sale or consumption of alcohol, which contrasts with the French tradition of consuming wine with meals, they encountered a classical example of a cultural misstep, often referred to as a cultural faux pas. This misjudgment highlights the importance of understanding and respecting local customs and traditions when conducting business internationally. The company's expectation of success based on the success of American brands such as McDonald's and Coke ignored the unique cultural nuances that can greatly influence business outcomes.

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