The variable expenses for Trina during these three months are water and electricity. So, the correct choice is F.
Variable expenses are costs that change based on usage or consumption, unlike fixed expenses, which remain constant. In this case, we have four types of expenses: rent, water, electricity, and cable TV. Rent ($1,500.00) and cable TV ($78.75) costs are the same for all three months, indicating they are fixed expenses. However, water and electricity costs change over the three months, which means they are variable expenses.
The water expenses are $32.67, $28.24, and $38.15 for January, February, and March, respectively. The electricity expenses are $118.92, $98.72, and $84.53 for the same month. Therefore, Trina's variable expenses during these three months are water and electricity only (choice F).
To know more about the Variable expenses visit:
https://brainly.com/question/31914352
#SPJ11
non-transferable relationships can only be mandatory, not optional. true or false?
The statement "Non-transferable relationships can only be mandatory, not optional" is false. Non-transferable relationships can be both mandatory and optional, depending on the circumstances and the parties involved.
A non-transferable relationship is a type of relationship where the parties involved cannot transfer their rights or obligations to a third party. Examples of non-transferable relationships include personal relationships like marriage, professional relationships like employment contracts, and commercial relationships like licensing agreements.
It is not true that non-transferable relationships can only be mandatory. While some non-transferable relationships may be mandatory, such as a marriage or an employment contract, others may be optional, such as a licensing agreement between two businesses. In the case of optional non-transferable relationships, the parties involved have a choice to enter into the agreement or not, and the terms of the agreement can be negotiated between the parties.
Therefore, the nature of a non-transferable relationship depends on the specific context and the parties involved. Some non-transferable relationships can be both mandatory and optional, while others may only be one or the other. It is important to carefully consider the terms and conditions of any non-transferable relationship before entering into it to ensure that it meets the needs and objectives of all parties involved.
Learn more about non-transferable:
brainly.com/question/15874394
#SPJ11
A country has a good chance of selling more of its goods abroad if it _________.
A. Reevaluates its currency
B. Sends more tourists abroad
C. Devalues its currency
D. Sets high tariffs on imported goods
A country has a good chance of selling more of its goods abroad if it devalues its currency. When a country devalues its currency, the price of its exports becomes cheaper for foreign buyers.
This makes the country's goods more competitive in the international market and increases the demand for its exports. Devaluation can also help to reduce the trade deficit by making imports more expensive. This encourages domestic production and reduces the demand for imported goods. On the other hand, reevaluating the currency or setting high tariffs on imported goods can make exports more expensive, reducing demand and making the country's products less competitive in the global market. Sending more tourists abroad can boost the country's tourism industry and generate revenue, but it may not necessarily lead to an increase in exports of goods. Therefore, devaluation of the currency is a more effective measure to increase a country's exports.
To know more about currency visit :
https://brainly.com/question/2666943
#SPJ11
.in terms of responsibility centers, a large corporate division would be considered a(n)
a. cost center
b. profit center
c. revenue center
d. investment center
In terms of responsibility centers, a large corporate division would be considered an investment center. As an investment center, the division would have control over both its revenues and costs. Therefore, the correct answer is option D.
As an investment center, the division would be responsible for generating revenues, managing costs, and making investment decisions, such as capital expenditures and acquisitions. A cost center, on the other hand, is responsible for managing and controlling costs, but does not have control over revenues.
An investment center is a business unit that has control over both its revenues and costs and is also responsible for making investment decisions that affect its future growth and profitability.
A profit center is responsible for generating profits, but may not have control over all of its costs. A revenue center is responsible for generating revenues, but may not have control over all of its costs or profits.
In summary, a large corporate division would be considered an investment center in terms of responsibility centers. As an investment center, the division would have control over both its revenues and costs and be responsible for making investment decisions that affect its future growth and profitability. Thus, option D is correct.
To know more about investment refer here:
https://brainly.com/question/28546579#
#SPJ11
The Cost-depreciation approach is commonly used to find value for all of the following reasons except:
1) New construction
2) Verify values found through other approaches
3) To Calculate income
4) Special-purpose properties
The Cost-depreciation approach is a commonly used valuation method in the real estate industry.
This approach involves estimating the cost of constructing a new building and then accounting for depreciation to determine the current value of the property. While this approach is used for a variety of reasons, including verifying values found through other approaches and valuing special-purpose properties, it is not typically used to calculate income. Instead, income is typically calculated through the income capitalization approach, which involves estimating the potential income a property could generate and then applying a capitalization rate to determine its value. Overall, the Cost-depreciation approach is a valuable tool in determining the value of a property, but it should be used in conjunction with other approaches to ensure an accurate valuation.
To know more about Cost-depreciation approach visit :-
https://brainly.com/question/14574187
#SPJ11
the capacity to turn purchasers into returning purchasers is most closely described as:select one:a.contact efficiencyb.attractability efficiency c.retention efficiencyd.awareness efficiency
The capacity to turn purchasers into returning purchasers is most closely described as c) retention efficiency.
Retention efficiency is the capacity to turn purchasers into returning purchasers. In other words, it's the ability to keep customers coming back for more. Businesses invest in retaining customers as it’s easier to retain customers than to acquire new ones. Repeat customers are more likely to spend more, and a steady stream of repeat business contributes to a company's stability, growth and long-term success.Customer retention includes several strategies and methods, such as providing excellent customer service, offering promotions and discounts, keeping in touch with customers through regular communication, and offering loyalty programs that reward customers for their repeat business.
There are many benefits of high retention efficiency, such as higher revenues, increased profits, and reduced marketing costs. Therefore, it's essential for businesses to focus on retention efficiency in their marketing strategy to build a loyal customer base and to grow their business in the long run.
Therefore, the correct answer is c) retention efficiency.
Learn more about Retention efficiency here: https://brainly.com/question/28833226
#SPJ11
you need a way to simplify the process of scheduling and managing appointments and want to give your customers the flexibility to book their own appointments. which microsoft work management tool is most suitable?
Microsoft Bookings would be the most suitable work management tool for simplifying the process of scheduling and managing appointments, while also giving customers the flexibility to book their own appointments.
With Microsoft Bookings, you can create a booking page where customers can view available appointments and book their preferred time slot. The tool also integrates with your Microsoft calendar and sends reminders to both you and your customers to help ensure that appointments are not missed. Additionally, Microsoft Bookings allows for easy rescheduling and cancellation of appointments, making it a convenient and efficient solution for appointment management. Overall, Microsoft Bookings is a user-friendly tool that streamlines the appointment booking process, making it a great choice for small businesses or service providers who want to improve their appointment scheduling and management.
To know more about management visit:
https://brainly.com/question/14523862
#SPJ11
texas is known as a high tax state; because of this, it is a good place to do business. t/f
False. Texas is actually known as a low tax state, with no personal income tax and a relatively low corporate tax rate compared to other states.
Other factors that can impact the business climate in a state include the cost of living and doing business, access to skilled labor, infrastructure, and regulatory environment. While Texas may have lower taxes than other states, it may have higher costs in other areas that could impact a business's bottom line. Additionally, the business climate can vary greatly depending on the industry and location within the state. So, while taxes are an important consideration, they are not the only factor in determining whether a state is a good place to do business.
To learn more about business climate click here: brainly.com/question/2099709
#SPJ11
its yearly expenditures (on wages, materials, and so on) are $60,000 since jfi owns the warehouse it doesnt have to pay rent. what is jfi's yearly economic profit? another company
To calculate JFI's yearly economic profit, we first need to identify its total revenue and explicit costs. In this case, JFI's yearly expenditures (explicit costs) on wages, materials, and other expenses are $60,000, and it owns the warehouse, so there is no rent expense. However, we do not have information about JFI's yearly revenue or any additional implicit costs (such as the opportunity cost of using the warehouse). Therefore, we cannot calculate the yearly economic profit without more information.
Economic profit is calculated using the formula: Economic Profit = Total Revenue - (Explicit Costs + Implicit Costs).
Please provide the missing information (JFI's yearly revenue and any relevant implicit costs), and I will be happy to help you calculate JFI's yearly economic profit.
To know more about yearly economic visit :
https://brainly.com/question/8476704
#SPJ11
undisclosed self-dealing by an agent is not regarded as violation of the duty of loyalty. T/F
False. Undisclosed self-dealing by an agent is generally regarded as a violation of the duty of loyalty.
The duty of loyalty is a fundamental fiduciary duty owed by agents to their principals, requiring the agent to act in the best interests of the principal, avoid conflicts of interest, and disclose any conflicts that do arise.
Self-dealing occurs when an agent takes actions that benefit themselves at the expense of their principal, such as using their position to secure personal gain or favor.
When an agent engages in self-dealing, they are breaching their duty of loyalty to the principal, as they are acting in their own interests rather than the principal's interests.
In addition, failing to disclose the self-dealing further compounds the breach of loyalty, as it deprives the principal of the opportunity to make an informed decision about the transaction.
Therefore, undisclosed self-dealing by an agent is generally considered a violation of the duty of loyalty, and can result in legal liability and damages for the agent.
learn more about interest here: brainly.com/question/30393144
#SPJ11
Strategic planning involves ______.
Multiple select question.
determining the scope of the business
identifying sales targets
deciding whether to increase the company's asset base
deciding whether to buy or lease equipment
identifying the most profitable market niche
determining products to develop
Strategic planning involves determining the scope of the business, identifying sales targets, identifying the most profitable market niche, and determining products to develop.
Strategic planning involves determining the scope of the business, identifying sales targets, identifying the most profitable market niche, and determining products to develop.
Additionally, strategic planning may also involve deciding whether to increase the company's asset base or whether to buy or lease equipment, but these are not necessarily always part of the process.
Know more about Strategic planning here:
https://brainly.com/question/17924318
#SPJ11
technical skills grow in importance as one moves up katz's managerial/leadership hierarchy.
T/F
True, technical skills grow in importance as one moves up Katz's managerial/leadership hierarchy.
As one moves up the managerial/leadership hierarchy according to Katz's theory, the focus shifts from technical skills to conceptual and human skills. However, technical skills remain important, especially in the early stages of one's career or when managing technical teams.
In certain industries or roles, technical skills may remain critical throughout one's career, but generally, as one progresses to higher levels of leadership, conceptual and human skills become increasingly essential.
However, as you progress further, human and conceptual skills also become increasingly important to effectively manage and lead teams or organizations.
Learn more about hierarchy
https://brainly.com/question/29495620
#SPJ11
The statement is true technical skills grow in importance as one moves up Katz's managerial/leadership hierarchy.
The relationship between power, accountability, and workflow within an organisation is governed by its leadership structure. The pyramidal form of hierarchical leadership has a restricted centre of authority that trickles down to a broadening base of subordinate levels. The pyramid is flattened by nonhierarchical leadership to create a structure with decentralised power and fewer levels. The structure that is most likely to assist the organisation accomplish its goals is applied in successful organisational design.
In a logical organisational system known as a hierarchy, the position itself holds the power rather than the individual. Thus, there is a lower chance that a leader will abuse their position of authority. Roles and power structures are clearly defined, and employees have the chance to advance within their specialties since management distributes tasks in accordance with employees' specialised talents. Employees' main drive for achievement is the chance of progression. A hierarchy's rigidity is ideal for highly regulated industries.
Learn more about Hierarchy:
https://brainly.com/question/31444759
#SPJ4
in august 2010, kodak and apple sued each other over the use of preview image technology. the dispute involved the unauthorized use of:
In August 2010, Kodak and Apple were involved in a legal dispute concerning the unauthorized use of preview image technology.
The conflict arose due to allegations of patent infringement by both parties. Specifically, the issue focused on the technology used to generate real-time digital image previews in cameras and other imaging devices. This technology allows users to view a preview of the image they are about to capture, helping them make adjustments to the composition and exposure settings before taking the final shot. In this case, both companies claimed that the other was using their patented technology without proper authorization or licensing agreements. As a result, they each filed lawsuits against the other, seeking damages and injunctions to stop the continued unauthorized use of their respective technologies.
To know more about dispute visit :-
https://brainly.com/question/10678680
#SPJ11
the tone for most routine messages should be helpful, professional, and reader centered. (True or False)
True. In any professional setting, it is important to maintain a tone that is helpful, professional, and reader-centered in routine messages. This is because routine messages are often sent to colleagues, supervisors, or clients and can affect the overall perception of the sender.
To ensure that a message is helpful, the sender should provide all necessary information, answer any questions that may arise, and offer assistance if needed. Professionalism is also important, as the tone of the message should be appropriate for the setting and reflect the sender's expertise and knowledge. Lastly, the message should be reader-centered, meaning it should be tailored to the recipient's needs and preferences. This can be achieved by using language that is easy to understand, addressing any concerns or questions the recipient may have, and considering the recipient's perspective. Overall, by maintaining a helpful, professional, and reader-centered tone in routine messages, the sender can establish a positive reputation and build strong relationships with colleagues and clients.
To learn more about Professionalism refer:
https://brainly.com/question/29735142
#SPJ11
which of the following best explains why the price-marginal cost relationship improves as production increases? multiple choice question. at the very early stages of production, marginal product is high, making marginal cost unusually high. at the very late stages of production, marginal product is low, making marginal cost unusually high. at the very early stages of production, marginal revenue is low, making marginal cost unusually high. at the very early stages of production, marginal product is low, making marginal cost unusually high.
The best explanation for why the price-marginal cost relationship improves as production increases is that "at the very early stages of production, marginal product is high, making marginal cost unusually high."
As production increases, marginal product (the additional output gained from producing one more unit) starts off high, which leads to a higher marginal cost (the additional cost of producing one more unit).
As production continues to increase, marginal product begins to decrease, and as a result, marginal cost also decreases. This results in a better price-marginal cost relationship as production increases.
Summary: The price-marginal cost relationship improves as production increases because marginal product starts off high at the early stages of production, leading to a higher marginal cost. As production continues, marginal cost decreases, leading to an improved relationship.
Learn more about production click here:
https://brainly.com/question/16755022
#SPJ11
to make this proprietary information available to sales reps to share with customers concerns thad because of the risk of information getting to his company's competitors. what would theoretically protect the information in this scenario? a. nda b. automation c. bom d. encryption
In order to protect proprietary information while still making it available to sales reps to share with customers, there are a few options to consider. One of the most common solutions is the use of a Non-Disclosure Agreement (NDA). The correct option is a.
An NDA is a legal agreement that outlines the confidential information that is being shared, who has access to it, and the consequences for breaching the agreement. By having sales reps sign an NDA, the company can protect their proprietary information from being shared with competitors.
Another option to consider is automation. This could involve implementing technology solutions that automate the process of sharing information with customers while ensuring that it is secure and only accessible to authorized users. This could include a secure online portal or platform that requires a login and password to access the information.A Bill of Materials (BOM) could also be used to protect proprietary information. A BOM is a list of all the materials and components needed to create a product. By only providing certain parts of the BOM to sales reps, the company can limit the amount of proprietary information that is shared.Finally, encryption is another option to consider. Encryption involves using a code to scramble data, making it unreadable without a key to unlock it. By encrypting proprietary information, the company can ensure that even if it is intercepted, it cannot be read or used by competitors. In summary, there are several options available to protect proprietary information while still making it available to sales reps to share with customers. These options include NDAs, automation, BOMs, and encryption. The best solution will depend on the specific needs and requirements of the company and the information being shared.Know more about the Non-Disclosure Agreement (NDA).
https://brainly.com/question/30185220
#SPJ11
Philip IV's decision to suppress the Knights Templar and exile Jews from France was driven by:
a. religious concerns—both groups were regarded as heretics; b. political concerns—both powerful groups were challenging the king's authority; c. social concerns—both groups presented challenges to the traditional class structure in France; d. financial concerns—both groups were wealthy and Philip was in debt to them; e. economic concerns—both groups were exempt from taxes.
Philip IV's decision to suppress the Knights Templar and exile Jews from France was mainly driven by financial concerns, both groups were wealthy, and the king was heavily indebted to them. Therefore, the correct answer is option D.
The Knights Templar was a powerful military order that had amassed a significant fortune through their banking and money-lending activities. Philip accused them of heresy, but the real motive was to seize their wealth and eliminate the threat they posed to his power.
The Jews were also a wealthy group, and they were expelled from France in 1306, with their property confiscated by the crown. This was done to alleviate the king's financial troubles and to appeal to the Christian population who held anti-Semitic views.
While religious, social, and political concerns played a role in Philip IV's decision, the main motivation was economic, as he saw the wealth of these groups as a means to alleviate his financial difficulties. Therefore, the correct answer is option D.
To know more about Knights Templar refer here:
https://brainly.com/question/30362189#
#SPJ11
according to the quantity theory of money, if m's growth is lower than q's, then:
The quantity theory of money suggests that if the growth rate of the money supply (M) is lower than the growth rate of real output (Q), then the price level (P) should decrease.
This theory is based on the equation of exchange, which states that MV = PQ, where M is the money supply, V is the velocity of money (the rate at which money changes hands), P is the price level, and Q is the real output. According to the quantity theory of money, the money supply directly affects the price level. If the money supply grows faster than output, prices will increase. Conversely, if the money supply grows more slowly than output, prices will decrease. Therefore, if the growth rate of the money supply is lower than the growth rate of output, the price level should decrease.
To learn more about money supply click here: brainly.com/question/30218160
#SPJ11
in what type of real estate investment does the investor hold legal title to the property?
Answer:
direct ownership is when the investor holds actual legal title to the property
terenco inc. wants to rank the popularity of the top car manufacturers in the country. in order to do this, terenco presents a list of top car manufacturers to a test group and asks the participants to rank them based on the dimensions of reliability and luxury. terenco then plots the opinions of the respondents on a two-dimensional graph. in this scenario, terenco is engaging in .
Terenco is engaging in a form of market research called perceptual mapping. Perceptual mapping is a technique that helps businesses to understand how customers perceive their products or services relative to competitors. The method involves asking customers to rate or rank different brands or products based on certain attributes and then plotting these ratings on a graph with the attributes as the x and y-axes.
In this case, Terenco is trying to understand how consumers perceive the top car manufacturers based on the dimensions of reliability and luxury. By plotting the opinions of the respondents on a two-dimensional graph, Terenco can see which car manufacturers are perceived as more reliable or luxurious by consumers. This information can help Terenco and other companies to better understand their market positioning and develop strategies to improve their competitive advantage.
Perceptual mapping can be a useful tool for businesses in a range of industries, from consumer goods to financial services. It can provide insights into how customers view different products and brands, and help businesses to identify opportunities for product differentiation and market positioning. However, it is important to ensure that the sample size and demographic profile of the test group are representative of the target market to ensure the results are meaningful.
for more such questions on customers
https://brainly.com/question/24553900
#SPJ11
on april 12, hong company agrees to accept a 60-day, 6%, $5,100 note from indigo company to extend the due date on an overdue account. what is the journal entry that indigo company would make when it records payment of the note on the maturity date? (use 360 days a year.)
journal entry reflects the settlement of the note payable and the payment of interest owed to Hong Company for the use of its funds.
When Indigo Company records payment of the note on the maturity date, it would make the following journal entry:
Debit: Note Payable $5,100
Credit: Cash $5,157 ($5,100 + ($5,100 x 6% x 60/360))
The Note Payable account is debited for the original principal amount of $5,100, which represents the amount borrowed from Hong Company. The Cash account is credited for the total amount paid, which includes both the principal and the interest that has accrued on the note for the 60-day period.
The interest calculation is based on a 360-day year, which is a common practice in financial calculations. The interest rate is 6%, which is the annual rate, so the interest for a 60-day period can be calculated as follows:
Interest = Principal x Rate x Time
Interest = $5,100 x 6% x 60/360
Interest = $57
Therefore, the total amount paid by Indigo Company on the maturity date is $5,157 ($5,100 + $57). This amount is credited to the Cash account, which reflects the actual cash payment made by Indigo Company to settle the note payable to Hong Company.
To know more about interest visit:
brainly.com/question/30393144
#SPJ11
A business's general journal provides a place for recording all of the following except :
a) The names of the accounts involved.
b) The transaction date.
c) The amount of each debit and credit.
d) The balance in each account.
e) An explanation of the transaction.
A business's general journal provides a place for recording all of the following except the balance in each account.
The general journal is a chronological record of a business's transactions, organized by date. It provides a place for recording the names of the accounts involved in each transaction, the transaction date, the amount of each debit and credit, and an explanation of the transaction. The general journal is used to record transactions that do not fit into the specialized journals, such as the sales journal or the purchases journal. By recording all transactions in the general journal, the business can ensure that its accounting records are complete and accurate, and that the double-entry accounting system is being followed correctly. The general journal is also used as the basis for creating the business's financial statements, such as the balance sheet and the income statement.
Learn more about balance here
https://brainly.com/question/30128460
#SPJ11
________ that result from the conversations between customers, users, Product Owners and developers, including non-functional requirements. One product only has one Product Backlog.
User Stories are a set of short, simple descriptions of a feature told from the perspective of the person who desires the new capability, usually a user or customer of the system.
They describe the business or functional requirements of a software system in a clear and concise manner. User stories result from the conversations between customers, users, Product Owners, and developers, including non-functional requirements. One product only has one Product Backlog, and user stories are typically prioritized in this backlog by the Product Owner based on the business value they provide. User stories are a fundamental component of Agile development methodologies and are used to facilitate communication, collaboration, and understanding between stakeholders, developers, and testers. They are often written on index cards or sticky notes and can be easily rearranged or reprioritized as needed based on feedback from stakeholders or changes in project requirements.
Learn more about customer here
https://brainly.com/question/12831236
#SPJ11
which of the following explains why a firm would not produce a unit of output where mc exceeds mr? multiple choice question. producing it would add more to costs than to revenue, and profit would increase or loss would decrease. producing it would add more to revenue than to costs, and profit would increase or loss would decrease. producing it would add more to costs than to revenue, and profit would decline or loss would increase. producing it would add more to revenue than to costs, and profit would decline or loss would increase.
A firm would not produce a unit of output where MC (Marginal Cost) exceeds MR (Marginal Revenue) because it would add more to costs than to revenue, and profit would decline or loss would increase.
This is because producing an additional unit of output would cost more than the revenue it generates, leading to a reduction in profit or an increase in losses. Therefore, it would not be a wise decision for the firm to produce such a unit as it would result in a negative impact on its financial performance. Hence, the correct answer to the multiple-choice question is "producing it would add more to costs than to revenue, and profit would decline or loss would increase."
To know more about MC (Marginal Cost) visit:
https://brainly.com/question/31056929
#SPJ11
at a short run macroeconomic equilibrium, real gdp is always equal to potential gdp.
T/F
False. at a short run macroeconomic equilibrium, real gdp is always equal to potential gdp.
At a short-run macroeconomic equilibrium, real GDP is not always equal to potential GDP. Potential GDP, also known as the full employment level of output, is the level of output that an economy can produce when all resources are fully employed, and the economy is operating at full capacity. In contrast, the short-run equilibrium is the level of output that is determined by the intersection of the aggregate demand and aggregate supply curves in the short run.
The short-run equilibrium can occur at a level of output that is below or above potential GDP, depending on the position of the aggregate demand and aggregate supply curves. If aggregate demand exceeds aggregate supply, the economy will operate at a level of output above potential GDP, resulting in inflationary pressures. On the other hand, if aggregate supply exceeds aggregate demand, the economy will operate at a level of output below potential GDP, resulting in unemployment and recessionary pressures.
Therefore, it is incorrect to assume that real GDP is always equal to potential GDP at a short-run macroeconomic equilibrium. Instead, the equilibrium level of output can be above, below, or equal to potential GDP, depending on the prevailing economic conditions.
Learn more about equilibrium here
https://brainly.com/question/13414142
#SPJ11
maria addai has been offered a future payment of $750 two years from now. if she can earn an annual rate of 6.5 percent, compounded daily, on her investment, what should she pay for this investment today?
Maria Addai should be willing to pay approximately $661.85 for this investment today in order to earn an annual rate of 6.5 percent, compounded daily.
To determine the present value of the future payment, we can use the formula for compound interest:
Present Value = Future Value / (1 + interest rate)^n
In this case, the future payment is $750, the interest rate is 6.5 percent (or 0.065 as a decimal), and the time period is two years.
Plugging in these values into the formula:
Present Value = $750 / (1 + 0.065)^2
Calculating the exponent and simplifying:
Present Value = $750 / (1.065)^2
Present Value = $750 / 1.135225
Present Value ≈ $661.85
Therefore, to secure an investment that yields a future payment of $750 two years from now, Maria Addai should be willing to pay an amount close to $661.85 today.
You can learn more about investment at
https://brainly.com/question/29547577
#SPJ11
We sell ice cream at a retail store, which we operate 50 weeks per year. Whenever we order from our supplier we incur a $250 ordering charge. Customer demand is 200 pounds per week and it costs us $35 per pound per year to hold the ice cream in proper storage.
a) What is the EOQ?
b) Now we decide to make the ice cream instead of buying it. We can make 900 pounds per week and every time we setup the ice cream making equipment it costs us $350. Other information is the same as above. In terms of inventory system costs, is it more or less expensive to produce the ice cream (instead of buying it from a supplier)? What is the difference in the total relevant cost?
The EOQ for ordering ice cream from the supplier is approximately 378.45 pounds and it is more or less expensive to produce the ice cream.
EOQ = √((2 × Annual Demand × Ordering Cost) / Holding Cost per Unit)
Given:
Annual Demand = 200 pounds/week × 50 weeks = 10,000 pounds/year
Ordering Cost = $250
Holding Cost per Unit = $35/pound/year
Using the formula, we can calculate the EOQ:
EOQ = √((2 × 10,000 × $250) / $35) = sqrt((5,000,000) / $35)
= √(142,857.14) ≈ 378.45
Total Relevant Cost = (Ordering Cost × Annual Demand / EOQ) + (Holding Cost per Unit × EOQ / 2)
For making the ice cream:
Total Relevant Cost = (Setup Cost × Annual Demand / Production Rate) + (Holding Cost per Unit × Production Rate / 2)
Given:
Setup Cost = $350
Production Rate = 900 pounds/week × 50 weeks = 45,000 pounds/year
Total Relevant Cost = ($350 × 10,000 / 45,000) + ($35 × 45,000 / 2)
≈ $77.78 + $787,500 ≈ $787,577.78
Total Relevant Cost = ($250 × 10,000 / 378.45) + ($35 × 378.45 / 2)
≈ $6,607.83 + $6,628.38 ≈ $13,236.21
difference in the total relevant cost is approximately
$787,577.78 - $13,236.21 = $774,341.57
It is more expensive to produce the ice cream (instead of buying it from a supplier).
Learn more about EOQ at:
brainly.com/question/30924821
#SPJ4
if the learning curve is 80% and the average time to complete units 1 thru 4 is 5.9 hours, what would be the average time per unit for completing units 4 thru 8 (one doubling)?
The learning curve is a concept that states that as the number of completed tasks increases, the time required to complete subsequent tasks decreases at a predictable rate .
In this case, the learning curve is 80%.Given that the average time to complete units 1 through 4 is 5.9 hours, we can find the average time per unit for completing units 4 through 8 by applying the learning curve. Step 1: Calculate the average time per unit for the first 4 units.5.9 hours (total time) / 4 units = 1.475 hours per unit. Step 2: Apply the learning curve to find the average time per unit for units 5 through 8.1.475 hours per unit (previous average) x 0.8 (80% learning curve) = 1.18 hours per unit. Step 3: Calculate the average time for completing units 4 through 8 (one doubling).
(1.475 hours per unit for first 4 units + 1.18 hours per unit for next 4 units) / 2 = 1.3275 hours per unit
Therefore, the average time per unit for completing units 4 through 8 (one doubling) is approximately 1.33 hours per unit.
To know more about predictable rate visit:-
https://brainly.com/question/29085784
#SPJ11
Which of the following examples indicates when the time is right to initiate a business process change?
The company is following industry benchmarks on its core processes.
All of these.
The company strategically passes or leapfrogs the competition on key decisions to regain competitive advantage.
The market being served makes a distinctive shift.
All of the options presented can be indicators that the time is right to initiate a business process change, but the most direct answer to the question would be:
The market being served makes a distinctive shift.
A significant change in the market, such as a new trend, emerging technology, or a shift in customer preferences, can indicate the need for a business process change to adapt to the new conditions and remain competitive.
The other options presented can also be relevant. Following industry benchmarks can be a useful practice to identify opportunities for improvement and compare the company's performance with competitors, but it may not necessarily indicate when to initiate a change. Leapfrogging the competition strategically can also be an indicator that the company needs to change its processes to achieve a competitive advantage, but it depends on the context and the specific decisions being made.
Learn more about market here:
https://brainly.com/question/27847462
#SPJ11
which developmental method is most useful for helping managers to understand their inner feelings and values? group of answer choices mentoring programs developmental assignments personal growth programs multisource feedback workshops
The developmental method that is most useful for helping managers to understand their inner feelings and values is personal growth programs.
These programs typically involve a combination of assessments, workshops, coaching, and self-reflection activities that enable managers to explore their values, beliefs, and emotional patterns in a safe and supportive environment.
Through this process, managers can gain a deeper understanding of themselves, develop greater self-awareness, and learn how to align their personal values with their leadership style and decision-making.
In contrast, mentoring programs, developmental assignments, multisource feedback, and workshops may provide valuable developmental experiences, but they may not be specifically designed to address personal growth and self-awareness in the same way that personal growth programs do.
Know more about personal growth programs here:
https://brainly.com/question/31546481
#SPJ11
research shows that most investors are better off investing steadily than trying to time the market. group of answer choices true false
Research shows that most investors are better off investing steadily than trying to time the market. This approach, known as dollar-cost averaging, involves investing a fixed amount of money at regular intervals, regardless of market conditions. The statement is True.
Timing the market is difficult, even for professional investors, as it requires predicting market movements and making investment decisions based on those predictions. This strategy can lead to increased risk, as it may result in buying high and selling low if predictions are incorrect.
In contrast, steady investing reduces the impact of market volatility, as it allows investors to buy more shares when prices are low and fewer shares when prices are high. This strategy promotes discipline and patience, which are essential for long-term investment success.
Numerous studies have shown that dollar-cost averaging outperforms market timing in terms of risk-adjusted returns. This is because steady investors are less likely to be affected by market swings, which can lead to panic selling or impulsive buying. By investing consistently, investors can take advantage of the compounding effect, where the returns on their investments generate additional returns over time.
To know more about Dollar-Cost Averaging visit:
https://brainly.com/question/30300829
#SPJ11
