Fine Framings, a small framing shop, uses markup pricing to determine the final selling price of their frames. Given a $15 unit cost and a selling price of $25, we can calculate the markup on the selling price by subtracting the cost from the selling price and dividing the result by the selling price.
($25 - $15) / $25 = 0.4 or 40% markup on the selling price.
To calculate the markup on the cost, we divide the difference between the selling price and the cost by the cost.
($25 - $15) / $15 = 0.67 or 66-2/3% markup on the cost.
Therefore, the correct answer is d. 40%, 66-2/3%.
It is important to note that markup pricing is a common method used by businesses to determine their pricing strategy. By understanding their costs and desired profit margins, businesses can set prices that allow them to generate revenue and stay competitive in the market. However, it is crucial for businesses to regularly review and adjust their pricing strategies to ensure they remain profitable and relevant in the marketplace.
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a production function in which the inputs are perfectly substitutable would have isoquants that are: group of answer choices convex to the origin. l-shaped. linear. concave to the origin.
A production function in which the inputs are perfectly substitutable would have isoquants that are linear. This is because when inputs are perfectly substitutable, they can be interchanged at a constant rate without affecting the level of output.
Therefore, any combination of inputs that produces a given level of output can be replaced by an equivalent combination of inputs in a linear fashion. This results in isoquants that are straight lines, or linear, as opposed to convex or concave curves. The concept of perfectly substitutable inputs is often used in the study of economics to analyze the behavior of firms and industries in different market settings. Understanding the shape of isoquants can help firms determine the most efficient combination of inputs to produce a given level of output, which can ultimately lead to increased profitability.
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Costly-to-imitate capabilities can emerge for all of the following reasons EXCEPT: a. scientific transference. b. social complexity c. historical conditions
The correct option is A) scientific transference. Costly-to-imitate capabilities can emerge for various reasons that make it difficult for competitors to replicate. However, there is one reason that does not contribute to the emergence of such capabilities, and that is scientific transference.
Scientific transference involves the transfer of knowledge and technology from one industry or field to another. While it can help firms develop new capabilities, it does not necessarily make them costly to imitate. Social complexity, on the other hand, refers to the intricate relationships and interactions among individuals within an organization, which can be difficult to replicate. Historical conditions, such as a firm's unique past experiences or resources, can also contribute to the emergence of costly-to-imitate capabilities. These capabilities can also arise from causal ambiguity, where it is difficult to determine the exact reasons for a firm's success, or from path dependency, where a firm's past decisions and investments create a unique advantage. Overall, while scientific transference can lead to new capabilities, it does not necessarily make them difficult for competitors to imitate.
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A project that results in "doing the wrong things well" has ignored the:
A) Budgetary goal.
B) Technical goal.
C) Customer satisfaction goal.
D) Scheduling goal.
A project that results in "doing the wrong things well" has ignored the customer satisfaction goal. The ultimate goal of any project is to deliver a product or service that meets or exceeds the customer's expectations.
However, if the project team focuses solely on completing the project tasks without taking into account the customer's needs and wants, they may end up delivering a product or service that is of high quality but does not meet the customer's requirements.
This can result in dissatisfaction on the customer's part, which can ultimately affect the success of the project.
Therefore, it is important for project teams to prioritize the customer satisfaction goal above all else and to constantly communicate and collaborate with the customer throughout the project lifecycle to ensure that their needs and wants are being met.
This will help ensure that the project is delivering the right things, not just doing the wrong things well.
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assume melville can sell 58,000 units of pong to regular customers next year. if mowen corporation offers to buy the 6,000 special order units at $65 per unit, the annual financial advantage (disadvantage) for melville as a result of accepting this special order should be:
here are additional costs associated with the special order, such as production or delivery costs, then those costs would need to be subtracted from the additional revenue to determine the net financial advantage (or disadvantage) for Melville.
The annual financial advantage (or disadvantage) for Melville as a result of accepting the special order of 6,000 units from Mowen Corporation can be calculated as follows:
Total revenue from special order = 6,000 units x $65 per unit = $390,000
If Melville sells the 58,000 units to regular customers, the total revenue would be:
Total revenue from regular sales = 58,000 units x $75 per unit = $4,350,000
Therefore, the total revenue if Melville accepts the special order in addition to regular sales would be:
Total revenue = $4,350,000 + $390,000 = $4,740,000
If there are no additional costs associated with the special order, then the financial advantage of accepting the special order would be the additional revenue of $390,000. However, if there are additional costs associated with the special order, such as production or delivery costs, then those costs would need to be subtracted from the additional revenue to determine the net financial advantage (or disadvantage) for Melville.
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belinda's religion prohibits paying union dues. she was recently hired as a truck driver by open highway transportation, inc., where all of the drivers belong to a union and all newly hired drivers are required to join it within 90 days of accepting employment. belinda refuses to join the union and asks that the requirement be waived for her. the union refuses and requests that open highway terminate belinda. she will not be entitled to accommodation of her religious beliefs: group of answer choices if the union can establish undue hardship by showing that belinda's request was part of a widespread refusal to pay union dues. if non-payment of union dues violates the establishment clause ensuring governmental neutrality in matters of religion. because she should have asked about union security requirements when she applied for the job. because it is mandatory for an employee to pay union dues, and the law makes no exception in this case.
Belinda's request to waive the requirement to join the union due to her religious beliefs may not be accommodated by Open Highway Transportation, Inc.
If the union can demonstrate that Belinda's request to not pay union dues is part of a larger pattern of refusing to pay, it may constitute undue hardship for the union and may not be accommodated. Additionally, non-payment of union dues does not violate the establishment clause, which pertains to government neutrality in matters of religion, not private employers. It is mandatory for all employees to pay union dues, and the law does not make exceptions for religious beliefs.
Belinda should have inquired about union security requirements when applying for the job with Open Highway Transportation.
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which of the following might help to solve a free-rider problem?select all that apply:using the political process to institute taxes to cover the cost of a public goodasking fewer individuals to bear more of the cost to produce a public good to make up for free ridersappealing to free riders' sense of morality and responsibility employing social pressure to encourage individuals to contribute to community projects and fundraising efforts
Appealing to free-riders' sense of morality and responsibility is also not an effective solution, as individuals who are inclined to free-ride may not respond to appeals to their sense of morality or responsibility.
The following options might help to solve a free-rider problem:
Using the political process to institute taxes to cover the cost of a public good.
Employing social pressure to encourage individuals to contribute to community projects and fundraising efforts.
Instituting taxes to cover the cost of a public good can help to solve the free-rider problem by making everyone pay for the public good, not just those who choose to use it. This can incentivize individuals who would otherwise free-ride to contribute their fair share.
Employing social pressure to encourage individuals to contribute to community projects and fundraising efforts can also help to solve the free-rider problem by making it clear that contributing to the public good is a social norm. This can encourage individuals to contribute even if they would otherwise free-ride, as they may feel pressure to conform to the expectations of the group.
Asking fewer individuals to bear more of the cost to produce a public good to make up for free-riders is not an effective solution to the free-rider problem, as it would unfairly burden those who are already contributing their fair share.
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what is the procurement tool used by managers to formally request products from vendors? select one:
The procurement tool used by managers to formally request products from vendors is a purchase order.
A purchase order is a legal document that outlines the specific products or services being requested from a vendor, as well as the agreed-upon price and delivery date. It serves as a formal request from the purchasing organization to the vendor to provide the specified products or services. Purchase orders are typically generated by managers or procurement professionals and are used to ensure that the purchasing process is formalized, transparent, and efficient. By using purchase orders, managers can track orders and inventory, manage budgets, and maintain accurate records of their procurement activities.
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Name the skill levels generally found in each sector of a type of job someone would do in that sector?
In most sectors of the job market, there are generally three levels of skill that are commonly found. These levels are typically classified as entry-level, mid-level, and advanced-level positions.
For example, in the healthcare sector, entry-level positions might include nursing assistants or medical receptionists. Mid-level positions could include registered nurses or medical laboratory technicians, while advanced-level positions might include nurse practitioners or medical specialists.
In the retail sector, entry-level positions might include cashiers or stock associates. Mid-level positions could include department managers or assistant store managers, while advanced-level positions might include district managers or regional directors.
In the technology sector, entry-level positions might include help desk technicians or junior software developers. Mid-level positions could include project managers or senior software developers, while advanced-level positions might include chief technology officers or lead architects.
These skill levels are not set in stone and can vary depending on the specific industry, job type, and company. However, understanding the typical skill levels for each sector can be helpful for job seekers who are looking to advance their careers or switch industries.
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Team owners in the major sport leagues in the U.S. have formed cartels that
A. form close alliances with players' unions.
B. foster healthy competition between the owners.
C. coordinate the actions of owners.
D. prevent the formation of monopolies in their sport.
Team owners in the major sports leagues in the U.S. have indeed formed cartels, and the purpose of these cartels is to coordinate the actions of owners and prevent the formation of monopolies in their respective sports.
One of the key ways in which these cartels prevent monopolies is by implementing a draft system, which gives the worst-performing teams in the league the first pick of new talent each year. This means that teams cannot simply hoard all the best players and become unbeatable. Additionally, the cartels often have revenue-sharing agreements in place, which ensure that smaller-market teams can compete with the larger-market teams by having access to a larger pool of resources.
Furthermore, team owners in these cartels typically form close alliances with players' unions, which represent the interests of the players. By working together, the owners and the unions are able to negotiate collective bargaining agreements that benefit both parties. These agreements set standards for salaries, benefits, and other working conditions for the players, while also ensuring that the owners can operate their businesses in a profitable and sustainable manner.
Overall, the formation of these cartels has been a successful strategy for preventing monopolies in major sports leagues in the U.S. By coordinating their actions, sharing revenue, and forming close alliances with players' unions, the owners have been able to create a competitive environment that benefits all teams and players involved.
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true or false: for most projects, net present value is the generally preferred method for making capital budgeting decisions. true false question. true false
True. For most projects, net present value is the generally preferred method for making capital budgeting decisions.
For most projects, net present value is the generally preferred method for making capital budgeting decisions. This is because it takes into account the time value of money and provides a clear measure of the profitability of a project.
A capital budget decision is typically a decision to approve or disapprove a company's products, services, facilities, or activities. That is, either accept or reject the business proposal. Determining the capital budget requires informed estimates of the timing of the proposal and the amount of cash flow. There are four types of budgets commonly used by businesses incremental, activity-based, value proposition, zero-based. Each of these four budgeting methods has its own strengths and weaknesses, which are detailed below.
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an important activity of any campaign is ________, which most directly involves ________.
An important activity of any campaign is fundraising, which most directly involves collecting donations from individuals or organizations.
Fundraising is critical to any campaign, as it provides the necessary financial resources to support the campaign's activities and achieve its goals.
Fundraising can take many forms, including soliciting donations through direct mail, phone calls, or email campaigns, hosting fundraising events, and seeking out contributions from major donors or political action committees. Successful fundraising campaigns require a well-coordinated effort that involves identifying potential donors, developing targeted messaging, and effectively communicating the campaign's goals and objectives.In addition to providing financial resources, fundraising also helps to build a strong base of support for the campaign. Donors who contribute to a campaign are often more likely to be engaged and invested in the candidate or cause, and may be more likely to volunteer their time or share their support with others.Overall, fundraising is a critical component of any campaign, and requires careful planning and execution in order to achieve success.Know more about the Fundraising
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in a share exchange, some or all of the shares of one corporation are exchanged for some or all of the shares of another corporation. true false
True. In a share exchange, one or more companies exchange some or all of their shares for shares of another company. This is also known as a stock-for-stock or share-for-share exchange.
In this transaction, the shareholders of the acquired company receive shares in the acquiring company in exchange for their existing shares. The exchange ratio is determined based on the relative value of the shares of each company. Share exchanges are a common method of corporate mergers and acquisitions, as they can provide tax benefits and can help to align the interests of the shareholders of both companies.
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emily purchased a building to store inventory for her business. the purchase price was $955,000. emily also paid legal fees of $765 to acquire the building. in march, emily incurred $2,000 to repair minor leaks in the roof (from storm damage earlier in the month) and $5,200 to make the interior suitable for her finished goods. what is emily's cost basis in the new building?
Emily's cost basis in the new building is $960,965. Emily's cost basis in the new building can be calculated by adding the purchase price, legal fees, and any additional expenses related to the acquisition and improvement of the property.
In this case, the purchase price of the building was $955,000, and Emily paid legal fees of $765 to acquire it. The cost to repair minor leaks in the roof ($2,000) is not added to the cost basis since it is a repair expense rather than an improvement.
However, the $5,200 spent on making the interior suitable for her finished goods is considered an improvement and can be included in the cost basis.
To calculate the cost basis, add the following amounts:
- Purchase price: $955,000
- Legal fees: $765
- Interior improvement: $5,200
Cost basis = $955,000 + $765 + $5,200 = $960,965
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in which real life situation would a interviewee most likely provide a slow interviewer with a positive review
In a situation where the interviewee has prior knowledge or expectation that the interviewer may take a longer time due to specific reasons, such as a language barrier or a disability, the interviewee may be more patient and understanding, leading to a positive review.
A slow interviewer can sometimes lead to frustration and impatience on the part of the interviewee. However, there may be situations where the interviewee is more likely to provide a positive review despite the slower pace. For example, if the interviewer has a language barrier or a disability that may affect their pace, the interviewee may be more understanding and patient. In such a scenario, the interviewee may appreciate the effort put forth by the interviewer to conduct the interview, leading to a positive review. Additionally, if the interviewee has prior knowledge or expectation of the interviewer's slow pace, they may mentally prepare themselves to be patient and understanding, leading to a positive review. Ultimately, the key factor is the interviewee's perception of the interviewer's situation and their ability to empathize and appreciate the efforts put forth.
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Which of the following is the least useful in evaluating a relationship as either favorable or unfavorable?
a. Past and current performances of the company
b. Rule-of-thumb measures
c. Industry averages
d. Past performance of the company
When evaluating a relationship as either favorable or unfavorable, it is important to consider various factors such as past and current performance of the company, rule-of-thumb measures, so correct answer is B.
Each of these factors provides a unique perspective on the overall health and sustainability of the relationship. However, if we were to choose the least useful factor in evaluating a relationship, it would be rule-of-thumb measures. Rule-of-thumb measures are generalized guidelines or assumptions that are used to make quick judgments or decisions. They are often based on broad assumptions and do not take into account the specific nuances of the relationship being evaluated.For instance, a common rule-of-thumb measure used in evaluating a company's financial health is the debt-to-equity ratio. While this measure can be helpful in providing a general sense of a company's financial leverage, it does not necessarily reflect the unique circumstances of the company or the relationship being evaluated. In some cases, a high debt-to-equity ratio may be acceptable if the company has strong cash flow or is investing in growth opportunities.On the other hand, past and current performance of the company, industry averages, and past performance of the relationship are more useful in evaluating a relationship as they provide specific and relevant information that can be used to make informed decisions. For example, analyzing a company's financial statements can provide insight into its profitability, liquidity, and solvency, which are all key indicators of a healthy relationship.
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which of the following statements regarding sinking fund provisions is false? group of answer choices with a sinking fund, if a bond is trading below its face value, because the bonds are repurchased at par the decision as to which bonds to repurchase is made by lottery. with a sinking fund, instead of repaying the entire principal balance on the maturity date, the company makes regular payments into a sinking fund administered by a trustee over the life of the bond. sinking fund provisions usually specify a minimum rate at which the issuer must contribute to the fund. because the sinking fund allows the issuer to repurchase the bonds at par, the option to accelerate the payments is another form of call provision.
The false statement regarding sinking fund provisions is: "because the bonds are repurchased at par the decision as to which bonds to repurchase is made by lottery."
Sinking fund provisions require the issuer to make regular payments into a sinking fund, which is administered by a trustee.
These provisions usually specify a minimum rate at which the issuer must contribute to the fund. The decision to repurchase bonds at par or below face value is not made by lottery, but rather through open-market purchases or by a preset schedule.
Summary: The false statement about sinking fund provisions is related to the decision on which bonds to repurchase being made by lottery. Sinking funds involve regular payments, a specified minimum rate, and an option to accelerate payments as a form of call provision.
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what are the four basic parts of an interview? responses testing, employer questions, screening, thank you note testing, employer questions, screening, thank you note introduction, employer questions, candidate questions, conclusion introduction, employer questions, candidate questions, conclusion candidate questions, follow-ups, review, offer candidate questions, follow-ups, review, offer questions, tests, review, offer
The four basic parts of an interview are introduction, employer questions, candidate questions, and conclusion.
The introduction is the opening of the interview where the interviewer introduces themselves, explains the purpose of the interview, and outlines the structure of the interview. This is the time for the candidate to make a good first impression and establish a rapport with the interviewer.
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Bonds will always fall into which one of the following pairs of categories?
a. Secured or unsecured
b. Mortgage or sinking fund
c. Debenture or unsecured
d. Callable or convertible
Bonds can be categorized in many ways, but one common way is based on their characteristics. The pairs of categories that bonds may fall into are secured or unsecured, mortgage or sinking fund, debenture or unsecured, and callable or convertible.
Secured bonds are those that are backed by collateral, such as property or assets, while unsecured bonds do not have collateral backing. Mortgage bonds are secured by a specific property while sinking fund bonds require the issuer to set aside money in a separate account to pay back bondholders. Debenture bonds are unsecured bonds that are backed only by the issuer's creditworthiness. Callable bonds give the issuer the right to redeem the bonds before the maturity date, while convertible bonds can be converted into a specified number of shares of the issuer's common stock.
In summary, bonds can fall into different categories based on their characteristics, and the pairs of categories they may fall into are secured or unsecured, mortgage or sinking fund, debenture or unsecured, and callable or convertible.
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general importers announced that it will pay a dividend of $3.40 per share one year from today. after that, the company expects a slowdown in its business and will not pay a dividend for the next 7 years. then, 9 years from today, the company will begin paying an annual dividend of $1.50 forever. the required return is 10.9 percent. what is the price of the stock today? multiple choice $8.49 $9.08 $13.76 $9.74 $3.07
The price of the stock today is Price = $13.76 / (1 + 0.109)^9 = $6.27,is not one of the choices provided.
The price of the stock today can be calculated using the dividend discount model, which is:
Price = D / (1 + r)^t
Where:
D = dividend payment
r = required return
t = time period
Using the information given in the question, we can calculate the price of the stock today as follows:
For the first dividend payment:
D = $3.40
t = 1 year
Price = $3.40 / (1 + 0.109)^1 = $3.07
For the next 7 years, there will be no dividend payments, so the price will remain the same at $3.07.
After 9 years, the company will begin paying an annual dividend of $1.50 forever, so we can calculate the price of the stock at that time using the perpetuity formula:
Price = D / r
Where:
D = dividend payment
r = required return
D = $1.50
r = 0.109
Price = $1.50 / 0.109 = $13.76
To get the price of the stock today, we need to discount the future price of $13.76 back to the present using the time value of money:
Price = $13.76 / (1 + 0.109)^9 = $6.27
Therefore, the answer is not one of the choices provided.
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in the authorsâ view, non-erotic touching between counselor and client should be:
In the author's view, non-erotic touching between counselor and client should be approached with caution and only used when deemed necessary and appropriate.
The use of touch in therapy is a controversial topic, with some arguing that it can enhance the therapeutic relationship and promote healing, while others argue that it can be harmful and even abusive.
Non-erotic touch, such as a handshake or a comforting pat on the back, may be used in certain situations to show empathy and support for the client. However, the therapist must always consider the potential impact of the touch on the client and ensure that it does not cross any boundaries or make the client uncomfortable.It is also important for the therapist to obtain informed consent from the client before using any form of touch in therapy. This means discussing the potential benefits and risks of touch with the client and allowing them to make an informed decision about whether or not to participate.In summary, non-erotic touching between counselor and client should be used with caution, only when necessary and appropriate, and with the informed consent of the client. The therapist must always prioritize the safety and well-being of the client and be mindful of any potential risks or negative consequences of touch in therapy.Know more about the non-erotic touching
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at his current level of output, a monopolist has an mr of $10, an mc of $6, and an economic profit of zero. if the market demand curve is downward sloping and his marginal cost curve upward sloping, the monopolist a. is producing his profit-maximizing level of output. b. could increase his profit by increasing his output. c. could increase his profit by increasing his price. d. should exit the market if he has positive fixed cost.
The correct option is (a). The monopolist is producing where marginal revenue (MR) equals marginal cost (MC), which is the profit-maximizing level of output.
Since the economic profit is zero, the monopolist is earning a normal profit, and any changes in output or price would not increase profit.
Therefore, the correct option is (a) the monopolist is producing his profit-maximizing level of output.
Option (b) is incorrect because increasing output would increase total revenue, but it would also increase total cost, and the additional revenue earned from selling the additional units would be less than the additional cost incurred in producing those units (since MR is less than MC beyond the profit-maximizing level of output).
Option (c) is incorrect because increasing price would decrease the quantity demanded, and the monopolist would sell fewer units at a higher price, resulting in a lower total revenue.
Option (d) is irrelevant to the given information, as it does not relate to the current situation of the monopolist. Therefore, the correct option is (a).
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Which of the following is less likely to add to the pressure for a firm to be locally responsive? A. National differences in consumer tastes and preferences B. Differences in infrastructure and traditional practices C. Switching costs for consumers D. Host-government demands
The answer is option C. Switching costs for consumers. It is less likely to add to the pressure for a firm to be locally responsive.
Local responsiveness refers to a firm's ability to tailor its products and services to meet the unique needs and preferences of customers in different markets. National differences in consumer tastes and preferences, differences in infrastructure and traditional practices, and host-government demands are all factors that can increase the pressure for a firm to be locally responsive.
However, switching costs for consumers refer to the costs that consumers incur when switching from one product or service to another. If switching costs are high, consumers may be less likely to switch to a different product or service, even if it is not tailored to their local needs and preferences. Therefore, if switching costs are high, there may be less pressure for a firm to be locally responsive.
Overall, a firm's level of local responsiveness will depend on a range of factors, including national differences in consumer tastes and preferences, infrastructure and traditional practices, host-government demands, and switching costs for consumers. By understanding these factors and tailoring their products and services accordingly, firms can increase their competitiveness in different markets.
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Which of the following was a driving force for economic growth during the late nineteenth century?
A. Agriculture
B. War
C. Manufacturing industries
D. Government work projects
E. International trade
Answer:
C. Manufacturing Industries.
Explanation:
Manufacturing Industries was a driving force for economic growth during the late nineteenth century.
During this time period, the advancement of technology and transportation led to the growth of manufacturing industries particularly in Western Europe and the United States. This in turn led to the mass production of goods making them affordable for a wide range of consumers.
marsden manufactures a cat food product called special export. marsden currently has 10,000 bags of special export on hand. the variable production costs per bag are $1.80 and total fixed costs are $10,000. the cat food can be sold as it is for $9 per bag or it can be processed further into prime cat food and feline surprise at an additional $2,000 cost. the additional processing will yield 10,000 bags of prime cat food, which can be sold for $8 per bag and 3,000 bags of feline surprise, which can be sold for $6 per bag. prepare an analysis that shows whether the 10,000 bags of special export should be sold as is or processed further.
To analyze whether the 10,000 bags of Special Export cat food should be sold as is or processed further, we need to compare the potential revenues and costs for each option.
Option 1: Sell as is
Revenue from selling 10,000 bags of Special Export: 10,000 bags × $9 per bag = $90,000
Variable production costs for 10,000 bags: 10,000 bags × $1.80 per bag = $18,000
Total costs: Variable costs + Fixed costs = $18,000 + $10,000 = $28,000
Profit: Revenue - Total costs = $90,000 - $28,000 = $62,000
Option 2: Process further
Additional processing cost: $2,000
Revenue from selling 10,000 bags of Prime Cat Food: 10,000 bags × $8 per bag = $80,000
Revenue from selling 3,000 bags of Feline Surprise: 3,000 bags × $6 per bag = $18,000
Total revenue: Revenue from Prime Cat Food + Revenue from Feline Surprise = $80,000 + $18,000 = $98,000
Total costs: Variable costs + Fixed costs + Additional processing cost = $18,000 + $10,000 + $2,000 = $30,000
Profit: Total revenue - Total costs = $98,000 - $30,000 = $68,000
Based on the analysis, if Marsden sells the 10,000 bags of Special Export as is, they would earn a profit of $62,000. However, if they choose to process further into Prime Cat Food and Feline Surprise, the profit would be $68,000. Therefore, it is financially beneficial for Marsden to process the cat food further rather than selling it as is.
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what is the result of every promise and every set of promises forming the consideration for each other
The result of every promise and every set of promises forming the consideration for each other is a legally binding contract. In order for a contract to be valid, there must be an exchange of consideration between the parties involved.
Consideration refers to the value or benefits that each party is giving or receiving in exchange for the promises made in the contract.
Consideration is essential to the formation of a contract. It creates a mutual obligation between the parties and is what distinguishes a contract from a mere promise. When each party gives something of value, it creates a "bargain" or exchange that forms the basis of the agreement.
For example, if you promise to pay your neighbor $100 to mow your lawn, the consideration is the $100 payment that you are offering in exchange for your neighbor's services. If your neighbor agrees to mow your lawn for $100, the consideration is the lawn care services that they are offering in exchange for your payment.
In summary, the result of every promise and every set of promises forming the consideration for each other is a legally binding contract, which requires a mutual exchange of value or benefit between the parties involved.
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internet advertising formats: a. none of these is correct. b. are enforced by the federal communications commission. c. are defined by the internet advertising bureau. d. are established by individual websites.
Internet advertising formats refer to the different ways in which online ads are displayed. The correct answer is (c) - these formats are defined by the Interactive Advertising Bureau (IAB). The IAB is an organization that develops industry standards, conducts research, and provides legal support for the online advertising industry. They have established various ad formats, such as banner ads, interstitials, and native advertising, to ensure consistency and effectiveness across the web.
It's important to note that the Federal Communications Commission (b) does not enforce these formats, as their jurisdiction primarily covers broadcasting and telecommunications. Also, while individual websites (d) may have their own specific guidelines for ad placements, they generally adhere to the IAB standards to maintain uniformity and avoid confusion for advertisers and users. Finally, option (a) is incorrect as there are indeed standardized advertising formats for the internet.
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a(n) ________ is a special talent of a company that competitors find difficult to match.
A core competency is a special talent of a company that competitors find difficult to match. A core competency is a special talent or skill that a company possesses and that sets it apart from its competitors. The correct answer is D.
A core competency is a special talent or skill that a company possesses and that competitors find difficult to match or replicate. It is a unique strength that sets a company apart from its competitors and provides a competitive advantage.
Core competencies can be related to technology, innovation, customer service, distribution, marketing, or any other area where a company excels.
Companies can use their core competencies to develop new products or services, enter new markets, or improve their operational efficiency. By leveraging their core competencies, companies can create value for their customers and build a sustainable competitive advantage.
For example, Apple's core competency is design and innovation. This has allowed the company to create unique and innovative products that have been difficult for competitors to replicate.
Amazon's core competency is its logistics and distribution network, which has allowed the company to deliver products quickly and efficiently, even to remote locations.
In summary, a core competency is a special talent or skill that a company possesses and that sets it apart from its competitors. By leveraging their core competencies, companies can create value for their customers and build a sustainable competitive advantage. Thus, the correct answer is D.
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Complete Question:
A(n) _ is a special talent of a company that competitors find difficult to match.
A. value-chain analysis
B. focus strategy
C. organizational structure
D. core competency
E. global strategy
.bricktown exchange purchases a copyright for $50,000. the copyright has a remaining legal life of 25 years, but only an expected useful life of five years with no residual value. assuming the company uses the straight-line method, what is the amortization expense for the first year?
The amortization expense for the first year can be calculated using the straight-line method, which evenly spreads the cost of the asset over its useful life.
To calculate the amortization expense for the first year, we need to divide the cost of the copyright by its expected useful life.
The cost of the copyright is $50,000, and its expected useful life is 5 years, so the annual amortization expense would be:
$50,000 / 5 = $10,000
Therefore, the amortization expense for the first year would be $10,000.
It's worth noting that even though the copyright has a remaining legal life of 25 years, the company is only able to use it for 5 years before it becomes obsolete and has no residual value. The straight-line method takes this into account by spreading the cost of the asset evenly over its useful life, rather than its legal life.
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salespeople who are paid a percentage of net sales are paid on a(n)
Salespeople who are paid a percentage of net sales are paid on a commission basis.
What does this entail?This means that their earnings are directly tied to the amount of sales they generate.
For example, if a salesperson is paid a 10% commission on net sales and they sell $100,000 worth of products, their commission would be $10,000. This incentivizes salespeople to work hard and make more sales, as they stand to earn more money.
It also means that their pay is variable and depends on the performance of the company and the individual salesperson. Commission-based pay structures are common in industries such as retail, real estate, and insurance.
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Unless you attain your short-term goals, you probably will not be able to achieve your intermediate or long-term goals.
Short-term goals are essential building blocks for achieving intermediate and long-term goals. These goals act as stepping stones towards achieving bigger goals, which helps to maintain focus and motivation.
If your long-term goal is to become a successful entrepreneur, then you must achieve several short-term goals, such as developing a business plan, conducting market research, and securing funding, among others.
Without accomplishing these short-term goals, it would be challenging to make progress towards your long-term objective. Similarly, if you want to run a marathon, your short-term goals would be to improve your endurance, strength, and speed through regular training, which will eventually lead you to your long-term goal of completing a marathon. It's essential to prioritize your short-term goals to achieve your long-term goals. Otherwise, the absence of these short-term goals may lead to confusion, distraction, and even burnout. For instance, if your long-term goal is to get a promotion, your short-term goals should focus on improving your skills, getting additional qualifications, building networks, and taking on new challenges. By prioritizing these goals, you can increase your chances of achieving your long-term objectives. In conclusion, short-term goals are vital in achieving long-term goals. They help you break down your long-term goals into smaller, achievable steps, which helps you to stay motivated and focused. Therefore, it's essential to take the time to identify and prioritize your short-term goals to help you achieve your long-term goals.Know more about the Short-term goals
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