Susan offered Beverly a painting by Raymond Johnson for $20,000, which Susan promised to keep open for two weeks. Later, Susan sent a flyer to all of her customers with a photo of the painting and invited them to a gallery opening. A week later, Beverly raised the funds and went to Susan's gallery, but the painting had been sold to another customer.Beverly wants the painting and thinks there is a UCC Article 2 provision that works in her favor.
She is right. Beverly will win.Under UCC Article 2, a contract is formed when an offer is made, it is accepted, and there is an exchange of consideration (in this case, the painting for $20,000).Susan made Beverly an offer with a promise to hold it open for two weeks, and Beverly accepted the offer before the time limit expired.
Beverly, therefore, has a contract with Susan. Susan's subsequent flyer and gallery opening have no bearing on the deal between Beverly and Susan. Beverly is right to claim that she has the right to the painting.
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The demand curve for a perfectly competitive firm is… a) Perfectly inelastic b) Perfectly elastic c) Elastic d) Inelastic 1.19 Monopolistic competition is characterized by… a) A single firm b) Firms earn economic profit in the long-run c) A kinked demand curve d) None of the above 1.20 Long-run economic profits are possible under a) Oligopoly b) Monopoly c) All of the above d) None of the above.
1.18. The demand curve for a perfectly competitive firm is b) Perfectly elastic.
1.19. Monopolistic competition is characterized by d) None of the above.
1.20. Long-run economic profits are possible under b) Monopoly
In a perfectly competitive market, there are many buyers and sellers, and each individual firm is a price taker. This means that the firm has no control over the market price and must sell its products at the prevailing market price. As a result, the firm faces a perfectly elastic demand curve, meaning that it can sell as much output as it wants at the market price, but it cannot sell any output at a higher price.
Monopolistic competition is characterized by d) None of the above. In monopolistic competition, there are many firms in the market, each producing slightly differentiated products. Firms have some degree of market power, meaning they can influence the price of their products. The demand curve they face is downward sloping but not as elastic as in perfect competition. However, it is not characterized by a single firm or firms earning economic profit in the long run or a kinked demand curve.
Long-run economic profits are possible under b) Monopoly. In a monopoly, there is a single firm in the market with significant barriers to entry, giving the firm the power to control the market price. If the firm has a unique product or enjoys economies of scale, it can maintain long-run economic profits by setting prices higher than its production costs. In contrast, under oligopoly or perfect competition, long-run economic profits are more difficult to sustain due to competition and entry of new firms.
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You just graduated from college and landed your first "real" job, which pays $36,000 a year. In 15 years how much will you need to earn per year to maintain the same purchasing power if inflation is 0.75% per year?
Assuming an initial salary of $36,000 per year, the task is to determine the required salary in 15 years to maintain the same purchasing power, considering an annual inflation rate of 0.75%.
To account for the impact of inflation, we need to calculate the future value of the salary. To maintain the same purchasing power, the future salary needs to be adjusted to account for the effect of inflation. Inflation reduces the value of money over time, meaning that the same amount of money in the future will have lower purchasing power compared to the present.
To calculate the required salary in 15 years, we need to find the future value of the initial salary of $36,000. The future value can be calculated using the formula:
Future Value = Present Value * (1 + Inflation Rate)^Number of Years
In this case, the present value is $36,000, the inflation rate is 0.75%, and the number of years is 15. Plugging in these values, we have:
Future Value = $36,000 * (1 + 0.0075)^15
Calculating the result, the future value of the salary after 15 years, considering the impact of inflation, is approximately $38,115.55.
Therefore, to maintain the same purchasing power in 15 years, you would need to earn approximately $38,115.55 per year. This takes into account the impact of inflation and ensures that your salary keeps up with the rising cost of living.
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between krungthai and kasikorn bank in Thailand , compare and contrast the risk factors faced by these two financial institutions
Krungthai Emerging risks: Credit risks Market risk Operational risk Other risks Kasikornbank Credit Risk Customers’ businesses were challenged by the COVID-19 and the uneven global economy. Market Risk This arises with the changes in foreign exchange rates, interest rates and credit spreads. Interest Rate Risk K-bank manages the interest rate risk based on an assumption of a 1.00-percent change in interest rates on all types of assets and liabilities at their re-pricing periods Operational Risk Digital Risk and Cyber Risk Strategic Risk
When comparing and contrasting the risk factors faced by Krungthai Bank and Kasikornbank in Thailand, we can identify the following:
Credit Risk:
Krungthai Bank: Emerging risks related to credit include challenges faced by customers' businesses due to the impact of COVID-19 and the uneven global economy.
Kasikornbank: Credit risk involves assessing the creditworthiness of borrowers and managing potential defaults or non-payment by customers.
Market Risk:
Krungthai Bank: Market risk includes exposure to changes in foreign exchange rates, interest rates, and credit spreads.
Kasikornbank: Market risk involves monitoring and managing fluctuations in foreign exchange rates, interest rates, and credit spreads that could impact the bank's financial position.
Operational Risk:
Krungthai Bank: Operational risk encompasses various aspects, including digital risk and cyber risk, which involve the potential for disruption or loss due to technology-related issues.
Kasikornbank: Operational risk covers areas such as technology failures, cyber threats, and internal process failures that may impact the bank's operations and financial stability.
Other Risks:
Krungthai Bank: The specific other risks faced by Krungthai Bank are not mentioned in the given information.
Kasikornbank: Strategic risk is an additional risk factor faced by Kasikornbank. This includes risks associated with the bank's strategic decisions, market positioning, and competitive landscape.
It is important to note that the provided information is limited, and the risk factors mentioned may not encompass the full range of risks faced by these financial institutions. Factors such as liquidity risk, regulatory compliance, geopolitical risks, and customer behavior may also be significant considerations for both banks.
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An electrical contractor's records during the last five weeks indicate the number of job requests:
Week: 1 2 3 4 5
Requests: 21 23 21 22 23
Click here for the Excel Data File
Predict the number of requests for week 6 using each of these methods:
a. Naive.
b. A four-period moving average. (Round your answer to 2 decimal places.)
c. Exponential smoothing with α = 0.15. Use 21 for week 2 forecast. (Round your intermediate forecast values and final answers to 2 decimal places.)
The predicted number of requests for week 6 using the different methods are as follows: a. Naive method: 23, b. Four-period moving average: 22.25, c. Exponential smoothing with α = 0.15: 21.
To predict the number of requests for week 6 using different forecasting methods, we will consider the given data and apply the following approaches:
a. Naive Method:
The naive method assumes that the future value will be the same as the last observed value. In this case, the number of requests for week 6 would be 23, which is the same as the number of requests in week 5.
b. Four-Period Moving Average:
The four-period moving average method calculates the average of the last four observed values. Using this method, we calculate the average of requests for weeks 2, 3, 4, and 5:
(23 + 21 + 22 + 23) / 4 = 22.25
Therefore, the forecasted number of requests for week 6 using the four-period moving average is 22.25.
c. Exponential Smoothing with α = 0.15:
Exponential smoothing assigns weights to the previous values, with higher weights given to more recent observations. The forecast for week 2 is given as 21. Using exponential smoothing with α = 0.15, we can calculate the forecast for week 6 as follows:
Forecast for week 2: 21
Forecast for week 3: (0.15 * 21) + (0.85 * 21) = 21
Forecast for week 4: (0.15 * 21) + (0.85 * 21) = 21
Forecast for week 5: (0.15 * 21) + (0.85 * 21) = 21
Forecast for week 6: (0.15 * 21) + (0.85 * 21) = 21
Using exponential smoothing with α = 0.15, the forecasted number of requests for week 6 is 21. It's important to note that these methods make different assumptions and have different strengths and limitations. The choice of the forecasting method should be based on the specific characteristics of the data and the desired level of accuracy.
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under an exclusive right-to-sell listing, the seller would be responsible for paying a commission to the listing broker: select one: a. if the seller, himself, finds a buyer. b. if the seller went to another broker and the other broker found a buyer. c. if another broker saw the listing in the mls and sold the property. d. all of these choices.
The correct answer is option d. all of these choices. Under an exclusive right-to-sell listing, the seller would be responsible for paying a commission to the listing broker if any of the following scenarios occur:
If the seller, himself, finds a buyer. If the seller went to another broker and the other broker found a buyer.
If another broker saw the listing in the MLS (Multiple Listing Service) and sold the property.
Therefore, the correct answer is option d. all of these choices. In an exclusive right-to-sell listing agreement, the seller agrees to pay the commission to the listing broker regardless of who finds a buyer for the property. This type of listing provides the listing broker with the exclusive right to earn a commission if the property is sold during the listing period, regardless of who brings the buyer.
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What Caused the Higher Gasoline Price? In the last month, the price of gasoline increased by 20 percent. What caused the increase in price: a change in demand or a change in supply? a. Illustrate your answer with a complete graph.
The increase in the price of gasoline can be attributed to a change in supply. When the supply of gasoline decreases, the price tends to rise. This can occur due to various factors such as natural disasters affecting oil production, geopolitical tensions disrupting oil supply chains, or refinery outages.
In the last month, if the price of gasoline increased by 20 percent, it suggests that the supply of gasoline decreased. To illustrate this, we can use a simple supply and demand graph. On the graph, we can plot the quantity of gasoline on the x-axis and the price on the y-axis.
The supply curve will slope upward, indicating that as the price of gasoline increases, suppliers are willing to provide more gasoline to the market.
However, if there is a decrease in supply, the supply curve will shift to the left. This means that at any given price, suppliers are willing to provide less gasoline.
As a result, the equilibrium price will increase, leading to higher gasoline prices.
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Leon (30) is permanently and totally disabled and lived all year with his sister, Judie (38). Judie provide 100% of the support for the household and had an AGI of $61,000. Neither is married. Which of the following tax benefits is available to Judie?
Judie provides 100% of the support for the household. Leon (30) is permanently and totally disabled.
In this case, the tax benefit that is available to Judie is Head of Household filing status. The Head of Household filing status allows unmarried taxpayers who provide for more than half the cost of maintaining a home for themselves and a qualifying person (like Leon in this case) to receive a higher standard deduction and lower tax rates than if they filed as Single. Head of Household is the filing status for unmarried taxpayers who provide a home for a qualifying person (in this case, Leon) and pay more than half the cost of keeping up the home.
To qualify, the taxpayer must meet certain requirements including that they are unmarried or considered unmarried on the last day of the year, have paid more than half the cost of maintaining a household for the year, and have a qualifying person who lived in the household for more than half of the year (such as a dependent child or a disabled family member).Judie can claim the Head of Household filing status since Leon is her disabled brother and he has lived with her for the entire year and she has provided more than half of the cost of maintaining the household. As a result, Judie can take advantage of the higher standard deduction and lower tax rates that come with the Head of Household filing status.
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Homework Details
Your main task is to apply inventory analysis to one stock item of a business company. For this, I request you to visit one company and collect information about the one stock item they supply from outside to apply the EOQ model.
1. Please provide one paragraph of information on the company you visit.
2. Give information on the company’s stock item you make analysis. Please also write why you have chosen this item, in other words, why is this item important for the company?
3. List the values of EOQ variables for the stock item. In addition to writing their total numerical value, please explain how these values come out with their subcategories. For example, if the holding cost is 10 dollars per unit per year, you need to explain why and how is it so? In other words, you should explain the sub-cost categories and you should assess whether these costs are high or not with respect to the analysed context and item characteristics. By the way, companies may even be aware of their holding costs and ordering costs. You may need to help them to find the answers to your questions.
4. Apply the EOQ model and show the quantity level you have found and the respective total cost.
5. Compare your EQO value with the company’s actual value in reality. Your number and the company’s practice will probably not be the same. Please discuss why this difference exists based on the information collected from the company by revealing their rationale and the assumptions.
Assessment Criteria
Company information (10 pts)
The richness of explanation on how EOQ variable values are derived (25 pts)
The accuracy of analysis (25 pts)
The interpretation of results (25 pts)
The quality of the report in terms of language, structure, clarity, etc. (15 pts)
NOT : Hi please help my homework I want you to create a fictitious company for the company called, and if you can write well for the above items, about 30 people will like this post. I expect you to do your best for this. You have a maximum of 24 hours to submit the assignment. If possible, we ask an Operations management specialist to take a look at it.
If you can upload the homework in the form of a photo, it would be great for me and it would be readable, please. Regards.
I have chosen to analyze the stock item "Product X" from XYZ Company, as it is a critical component of their business operations.
XYZ Company is a leading manufacturer in the automotive industry, specializing in the production of high-performance vehicles. They are known for their commitment to quality and innovation, which has positioned them as a top player in the market. During my visit to XYZ Company, I learned that Product X is a key component used in their flagship vehicle model. It plays a crucial role in enhancing the vehicle's performance and reliability, making it a vital part of their production process.
Product X is important for XYZ Company due to several reasons. Firstly, it contributes significantly to the overall functionality and performance of their vehicles. Any disruptions or delays in the supply of Product X can have a direct impact on the production schedule and customer satisfaction. Moreover, XYZ Company has built a strong brand reputation based on the quality and reliability of their vehicles, and Product X plays a crucial role in upholding those standards.
XYZ Company was established over two decades ago and has since grown into a global leader in the automotive industry. They have a state-of-the-art manufacturing facility equipped with advanced technology and a highly skilled workforce. The company's commitment to innovation and customer satisfaction has earned them numerous awards and recognition in the industry. With a diverse portfolio of vehicle models, XYZ Company continues to push the boundaries of performance and design, catering to the evolving needs of their customers.
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1 A bond with 5 years to maturity, a face value of \( \$ 1,000 \) and a coupon rate of \( 9.0 \% \) is selling for \( \$ 950 \). What is its yield to maturity? If the yield changes to \( 9.0 \% \),
By calculating this expression, we can determine the present value of the bond at a yield of 9.0%.
To calculate the yield to maturity (YTM) of a bond, we need to find the discount rate that equates the present value of the bond's future cash flows (coupon payments and the face value) to its current price.
In this case, the bond has the following characteristics:
Time to maturity (n) = 5 years
Face value (F) = $1,000
Coupon rate (C) = 9.0%
Current price (P) = $950
To calculate the yield to maturity, we can use the formula:
P = (C / (1 + YTM)) + (C / (1 + YTM)²) + ... + (C / (1 + YTM)ⁿ) + (F / (1 + YTM)ⁿ)
Substituting the given values:
$950 = ($90 / (1 + YTM)) + ($90 / (1 + YTM)²) + ... + ($90 / (1 + YTM)⁵) + ($1,000 / (1 + YTM)⁵)
Solving this equation requires iterative methods or financial calculators/software. However, by using an approximation method, we can estimate the yield to maturity.
Assuming the yield changes to 9.0%, we can substitute YTM = 0.09 in the equation and calculate the present value:
$950 = ($90 / (1 + 0.09)) + ($90 / (1 + 0.09)²) + ... + ($90 / (1 + 0.09)⁵) + ($1,000 / (1 + 0.09)⁵)
By calculating this expression, we can determine the present value of the bond at a yield of 9.0%.
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Digital Video Recorders, such as TiVo and Personal Video Recorders
(PVR's) built into a cable provider box or TV receiver, collect very specific data about household television viewing.
These services make it possible to know which programs are recorded and watched (and when and how many times), which programs are recorded and never watched, and which programs are recorded or transferred to another electronic format.
The services also know when a particular part of a program is watched more than once (a sports play, or a favorite cartoon, or movie scene, or commercial)
please answer this question on your own words question :
1. How might the company that makes this service available use this information to increase the value it offers to advertisers/marketers? Could this result in increased revenues for the company?
The company that makes this service available can use the collected data to offer advertisers/marketers valuable insights into viewers' preferences and behavior, enabling them to target their advertisements more effectively. This, in turn, can lead to increase revenues for the company.
The detailed data collected by digital video recorders (DVRs) and personal video recorders (PVRs) provide valuable information about viewers' TV-watching habits. By analyzing this data, the company can identify trends and patterns in viewership, such as which programs are frequently recorded, watched, or skipped, as well as specific segments of a program that are rewatched. This information can be immensely useful for advertisers and marketers.
Firstly, advertisers can leverage this data to gain insights into audience preferences. They can identify popular programs and genres that resonate with viewers and tailor their advertising campaigns accordingly. For example, if the data shows that a significant number of viewers frequently record and watch cooking shows, advertisers can target these viewers with relevant advertisements for kitchen appliances or cooking utensils.
Secondly, the data allows advertisers/marketers to optimize their ad placement and timing. By knowing when certain programs are recorded and watched, they can strategically place advertisements during or around these shows to maximize exposure and impact. Additionally, if specific segments of a program are watched repeatedly, advertisers can capitalize on these moments by targeting viewers with relevant ads that align with their interests.
Lastly, the data collected by DVRs and PVRs can help advertisers/marketers evaluate the effectiveness of their campaigns. By comparing the number of times a program or advertisement is recorded versus the number of times it is watched, they can assess the level of audience engagement. This feedback loop enables advertisers to refine their strategies and improve the relevance and appeal of their advertisements, ultimately leading to increased conversion rates and revenues.
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If a competitive market has three firms with marginal costs of MC-Q₁ MC₂-0.500, and MC3- 2Q and faces a market price of $10, the total quantity supplied by all three firms is O 20. O 35. O 15. O 25.
The total quantity supplied by all three firms in this competitive market is 35. Therefore, option B is correct.
To determine the total quantity supplied by all three firms in a competitive market, we need to sum up the quantities supplied by each individual firm.
The marginal cost (MC) functions for the three firms are given as follows:
Firm 1: MC₁ = Q₁
Firm 2: MC₂ = 0.500
Firm 3: MC₃ = 2Q
In a competitive market, firms will produce where their marginal cost equals the market price. The market price is given as $10.
For Firm 1:
[tex]MC_1 = Q_1 = 10\\Q_1 = 10[/tex]
For Firm 2:
[tex]MC_2 = 0.500 = 10\\Q_2 = 10 / 0.500\\Q_2 = 20[/tex]
For Firm 3:
[tex]MC_3 = 2Q_3 = 10\\2Q_3 = 10\\Q_3 = 10 / 2\\Q_3 = 5[/tex]
Therefore, the total quantity supplied by all three firms is:
Total quantity supplied = [tex]Q_1 + Q_2 + Q_3[/tex]
Total quantity supplied = 10 + 20 + 5
Total quantity supplied = 35
Hence, the total quantity supplied by all three firms in this competitive market is 35.
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Consider the private marginal cost (PMC) associated with production is given by
PMC=12Q, and there is negative production externality. Marginal damage is MD=4Q. The private marginal benefit associated with its product’s consumption is PMB=800-
4Q.
1) Find out social marginal cost and social marginal benefit.
2) Find out the competitive output.
3) Find out the efficient output.
4) Is there overproduction or underproduction?
To find out the social marginal cost (SMC), we need to account for the negative production externality. The formula for SMC is given by:
SMC = PMC + MD
Social Marginal Cost (SMC):
PMC = 12Q (given)
MD = 4Q (given)
SMC = PMC + MD
SMC = 12Q + 4Q
SMC = 16Q
The social marginal cost is 16Q.
To find out the social marginal benefit (SMB), we use the private marginal benefit (PMB) since there is no mention of a consumption externality. The formula for SMB is given by:
SMB = PMB
Competitive Output:
In a competitive market, the output is determined where the social marginal cost (SMC) equals the social marginal benefit (SMB).
SMC = SMB
16Q = 800 - 4Q
20Q = 800
Q = 40
The competitive output is 40 units.
Efficient Output:
The efficient output is where the social marginal cost (SMC) equals the social marginal benefit (SMB) and maximizes total welfare.
SMC = SMB
16Q = 800 - 4Q
20Q = 800
Q = 40
The efficient output is also 40 units.
Overproduction or Underproduction:
In this case, since the competitive output (40 units) is equal to the efficient output (40 units), there is neither overproduction nor underproduction. The competitive market outcome aligns with the efficient outcome, indicating an optimal allocation of resources.
Therefore, there is neither overproduction nor underproduction.
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A company borrowed $12,000 by signing a 120-day promissory note at 15%. The total to be paid at maturity of the note is: (Use 360 days a year.). $15,640.00 $17,400.00 $15,900.00 $16,500.00 $12,600.00
A company borrowed $12,000 by signing a 120-day promissory note at 15%. The total to be paid at maturity of the note is $12,600.00.How to calculate the total amount?The formula to calculate the total amount to be paid on a promissory note is:M = P + Iwhere:M is the maturity value or total to be paid, P is the principal or amount borrowed, and I is the interest.
To calculate the interest for a promissory note, the following formula can be used:I = PRTwhere:I is the interest, P is the principal or amount borrowed, R is the rate of interest and T is the time for which the loan is taken.To calculate the interest for the given promissory note.
We can use the following values:P = $12,000R = 15%T = 120/360 years (as the interest rate is per year, we need to adjust the time period accordingly)I = PRTI = 12,000 x 15/100 x 120/360I = $450The interest on the promissory note is $450.
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A company's income statement reported net income of $91,500 during 2022. The income tax return excluded a revenue item of $11,000 (reported on the income statement) because under the tax laws the $11,000 would not be reported for tax purposes until 2023. Which of the following statements is incorrect assuming a 21% tax rate?
The incorrect statement, assuming a 21% tax rate, is that the income tax expense for 2022 will be $18,270.
To determine the correct income tax expense, we need to consider the excluded revenue item of $11,000. Since this revenue item is not reported for tax purposes until 2023, it should not be included in the taxable income for 2022.
Therefore, the taxable income for 2022 would be the net income of $91,500 minus the excluded revenue item of $11,000:
Taxable Income = Net Income - Excluded Revenue Item
Taxable Income = $91,500 - $11,000
Taxable Income = $80,500
Next, we can calculate the income tax expense using the given tax rate of 21%:
Income Tax Expense = Taxable Income * Tax Rate
Income Tax Expense = $80,500 * 0.21
Income Tax Expense = $16,905
The correct income tax expense for 2022, assuming a 21% tax rate, is $16,905. Therefore, the statement that is incorrect is that the income tax expense for 2022 will be $18,270.
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Which of the following statements is incorrect assuming a 21% tax rate?
a) The taxable income reported on the income tax return is less than the net income reported on the income statement.
b) The tax liability for 2022 is calculated based on the taxable income, excluding the revenue item of $11,000.
c) The tax liability for 2022 is calculated using a tax rate of 21%.
d) The revenue item of $11,000 will be reported for tax purposes in 2023.
e) The net income reported on the income statement is the same as the taxable income reported on the income tax return.
Develop 3 discriminatory and 3 non-discriminatory interview questions. Outline the interview questions, and determine which questions are appropriate and which ones are not. Specify your reasoning for why you determined each question is either a discriminatory or non-discriminatory interview question.
Discriminatory interview questions are those that intentionally or unintentionally discriminate against candidates based on their race, gender, ethnicity, religion, age, disability, or any other protected class. On the other hand, non-discriminatory interview questions do not discriminate against candidates and evaluate their qualifications and skills based on job-related factors.
Here are three discriminatory and three non-discriminatory interview questions along with their appropriateness and reasoning:
Discriminatory Interview Questions:
1. Are you planning to have children soon?
Inappropriate: This question discriminates against women and is not job-related. It's illegal to ask about a candidate's family status or reproductive plans.
2. Which country are you from?
Inappropriate: This question discriminates against candidates based on their ethnicity or national origin. It's illegal to ask about a candidate's citizenship, visa, or passport status unless it's required by law.
3. How old are you?
Inappropriate: This question discriminates against candidates based on their age. It's illegal to ask about a candidate's age or date of birth unless it's required by law.
Non-Discriminatory Interview Questions:
1. What motivated you to apply for this position?
Appropriate: This question evaluates the candidate's interest in the job and their alignment with the company's mission and values. It's job-related and neutral.
2. What are your qualifications and skills for this position?
Appropriate: This question evaluates the candidate's education, experience, and expertise related to the job. It's job-related and neutral.
3. Can you tell me about a time when you faced a challenging situation at work and how you handled it?
Appropriate: This question evaluates the candidate's problem-solving skills, adaptability, and communication. It's job-related and neutral.
Overall, discriminatory interview questions should be avoided to prevent legal issues and ensure fair hiring practices. Non-discriminatory interview questions should be job-related, neutral, and relevant to evaluate the candidate's qualifications and skills.
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Help to write 200 words or more, and explain how sales ability might be beneficial in that position.
sales ability extends beyond sales-specific roles and can be advantageous in various professional positions. Effective communication, relationship-building, persuasion, and problem-solving skills are valuable assets that can contribute to success in customer service.
Sales ability offers several benefits in different positions. Firstly, effective communication is a core aspect of sales, and this skill is crucial in any role that involves interacting with clients, customers, or stakeholders. Clear and persuasive communication helps convey ideas, build relationships, and influence decision-making, fostering trust and cooperation.
Secondly, the ability to build relationships is a key component of sales. Developing and maintaining strong connections with clients or team members can contribute to collaboration, customer satisfaction, and employee engagement. Building relationships helps identify needs, address concerns, and find mutually beneficial solutions, which are valuable in positions that require negotiation or problem-solving.
Additionally, sales ability includes the skill of persuasion, which can be advantageous in roles that involve convincing others to take specific actions or adopt particular ideas. Whether it's pitching a project, advocating for a strategy, or leading a team, the ability to persuade and influence others positively can lead to successful outcomes.
Lastly, sales ability often involves identifying customer needs and finding suitable solutions. This problem-solving aspect can be beneficial in positions that require critical thinking, adaptability, and innovation. The ability to understand and address customer or organizational challenges can contribute to improved processes, enhanced customer experiences, and overall business growth.
In conclusion, sales ability extends beyond sales-specific roles and can be advantageous in various professional positions. Effective communication, relationship-building, persuasion, and problem-solving skills are valuable assets that can contribute to success in customer service, business development, project management, and leadership positions.
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Apple sells a laptop (that costs $600) for $1,000 cash with a two-year parts warranty to a customer on September 20 of Year 1. Apple expects warranty costs to be 5% of dollar sales. It records warranty expense with an adjusting entry on December 31. On January 6 of Year 2, the laptop requires on-site repairs that are completed on the same day. The repair costs $47 for materials taken from the Parts Inventory. These are the only repairs required in Year 2 for this laptop.
1. How much warranty expense does the company report for this laptop in Year 1?
2. How much is the estimated warranty liability for the laptop as of December 31 of Year 1?
3. How much is the estimated warranty liability for the laptop as of December 31 of Year 2?
4. Prepare journal entries to record (a) the laptop’s sale; (b) the adjustment to recognize the warranty expense on December 31 of Year 1; and (c) the repairs that occur on January 6 of Year 2.
Short Answer Question #1 – Why do companies record and show estimated warranty liabilities when they might never have to pay them?
Short Answer Question #2 – Which payroll taxes are the employee’s responsibility and which payroll taxes are the employer’s responsibility? What costs/expenses do you think should be included in the calculation of the total cost of an employee to an organization?
1) The warranty expense is $30 . 2) The estimated warranty liability for the laptop as of December 31 of Year 1 is $15.00.3)There is no estimated warranty liability for the laptop as of December 31 of Year 2.
Apple expects warranty costs to be 5% of dollar sales.
The laptop was sold for $1,000 cash with a two-year parts warranty on September 20 of Year 1.
The warranty expense is calculated as follows: $1,000 x 5% x (3/12) = $30.00.
The estimated warranty liability for the laptop as of December 31 of Year 1 is $15.00. Here’s how to calculate it:
The laptop was sold for $1,000 cash with a two-year parts warranty on September 20 of Year 1.
The warranty expense was calculated as $30.00 (as shown above).
The estimated warranty liability is calculated as follows: $1,000 x 5% x (9/12) - $30.00 = $15.00.
The estimated warranty liability for the laptop as of December 31 of Year 2 is $0. Here’s why:
The only repairs required in Year 2 for this laptop cost $47 for materials taken from the Parts Inventory.
No additional repairs were required in Year 2.
Journal entries to record (a) the laptop’s sale; (b) the adjustment to recognize the warranty expense on December 31 of Year 1; and © the repairs that occur on January 6 of Year 2 are as follows:
a) Laptop sale: Debit Cash for $1,000 Credit Sales Revenue for $1,000
b) Adjustment to recognize the warranty expense on December 31 of Year 1: Debit Warranty Expense for $30 Credit Warranty Payable for $30
c) Repairs that occur on January 6 of Year 2: Debit Warranty Payable for $47 Credit Parts Inventory for $47
Short Answer Question #1 – Companies record and show estimated warranty liabilities because they are required to follow Generally Accepted Accounting Principles (GAAP). GAAP requires companies to record an estimated liability when they sell products that have warranties because there is a possibility that they will have to pay out claims under those warranties.
Payroll taxes are taxes imposed on employers or employees and are usually calculated as a percentage of the salaries that employers pay their employees1. Payroll taxes that are the employee’s responsibility include Social Security tax and Medicare tax1. Payroll taxes that are the employer’s responsibility include Federal Unemployment Tax Act (FUTA) tax and State Unemployment Tax Act (SUTA) tax1. In addition to payroll taxes, other costs/expenses that should be included in the calculation of the total cost of an employee to an organization include salary/wages, benefits such as health insurance and retirement plans, paid time off such as vacation and sick leave, and training costs2.
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Assignment.
Watch the video of the Styles/type of service.
write down the 4 main services mentioned in it and 3-4 points about
each type of service
Types of services in the restaurant! French, America
The types of services in the restaurant, given the video on types of services include:
American ServiceFrench ServiceRussian ServiceBistro ServiceWhat are types of restaurant services ?The four main types of services that are mentioned in the video are:
American Service: This is the most common type of service in restaurants in the United States. The server takes your order and brings your food to your table. You are responsible for clearing your own table and leaving a tip.French Service: This type of service is more formal than American service. The server brings your food to your table, but they also plate it in front of you. You are not responsible for clearing your own table.Russian Service: This type of service is even more formal than French service. The server brings your food to your table, but they also prepare it in front of you. You are not responsible for clearing your own table.Bistro Service: This type of service is less formal than American service. The food is served family-style on large platters, and you are expected to share with your tablemates.Find out more on types of service at https://brainly.com/question/30162565
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Case analysis.
1. Company X sent Company Y a letter as an offer to sell 10 tons cotton for US$200,000. After receiving the letter, Company Y immediately sent a telegram to Company X purporting to accept the offer. However, the telegram company erroneously delivered the telegram to Company Z. Five days later, the market price of cotton increased a lot. Company X mailed a letter to company Y to revoke the original offer. The letter of revocation was received by Company Y. Is there any contract between Company X and Company Y?
No contract exists between Company X and Company Y because the acceptance was not communicated, and the offer was revoked before acceptance.
In this case, the key elements for the formation of a contract are the offer, acceptance, and communication of acceptance. Company X sent a letter to Company Y offering to sell 10 tons of cotton for US$200,000.
This constitutes a valid offer. Company Y, upon receiving the offer, immediately sent a telegram to Company X purporting to accept the offer. However, due to an error by the telegram company, the telegram was delivered to Company Z instead of Company X.
For a contract to be formed, the acceptance must be communicated to the offeror. In this case, Company Y's acceptance was not communicated to Company X due to the telegram being mistakenly delivered to Company Z.
Therefore, Company X is not aware of Company Y's acceptance of the offer. Without the communication of acceptance, there is no valid acceptance, and consequently, no contract is formed between Company X and Company Y.
Additionally, Company X later mailed a letter of revocation to Company Y, which was received by Company Y. A revocation is effective upon receipt by the offeree. Since Company Y received the revocation letter before the acceptance was communicated, the original offer was effectively revoked before a contract could be formed.
In summary, there is no contract between Company X and Company Y in this case. The acceptance was not properly communicated to Company X, and the offer was validly revoked before acceptance.
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One of the products sold by OfficeMax is a Hewlott.Packard Laserdet Z99 printer. As purchasing manager, you have the folowing information for the printer: Click the icon to view the information for the printer, a. The EOQ is 33. (Enter your response rounded to the nearest whole number.) b. The annual ordering costs and holding costs (ignoring safely stock) for the EOQ is $65. (Enter your response rounded to the nearest dollar.)
a. The EOQ (Economic Order Quantity) for the Hewlett-Packard Laserjet Z99 printer is 33 (rounded to the nearest whole number).
b. The annual ordering costs and holding costs (ignoring safety stock) for the EOQ is $65 (rounded to the nearest dollar).
To calculate the EOQ (Economic Order Quantity) and annual ordering costs and holding costs, we would typically need additional information such as the following:
1. Demand: The average quantity of the printer demanded by customers during a specific period.2. Ordering Cost: The cost associated with placing an order for the printer, including administrative costs, paperwork, and processing fees.
3. Holding Cost: The cost of carrying or storing inventory, which includes expenses such as warehousing, insurance, and depreciation.4. Lead Time: The time required for the printer to be delivered after an order is placed.
5. Unit Cost: The cost of each unit of the printer.
With these details, we can calculate the EOQ using the formula: EOQ = sqrt((2 * demand * ordering cost) / holding cost).
Similarly, the annual ordering costs can be calculated by multiplying the number of orders placed in a year by the ordering cost, and the holding costs can be calculated by multiplying the average inventory held during a year by the holding cost.
Please provide the specific details mentioned above or any additional information, and I'll be happy to assist you further in calculating the EOQ and related costs for the Hewlett-Packard Laserdet Z99 printer.
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Development Process and Organization 4. Diagram a process for planning and cooking a family dinner. Does your process resemble the generic product development process? Is cooking dinner analogous to a market-pull, technology-push, process-intensive, or customization process? 5. Define a process for finding a job. For what types of endeavors does a well-defined process enhance performance? 6. Sketch the organization (in some appropriate graphical representation) of a consulting firm that develops new products for clients on a project-by-project basis. Assume that the individuals in the firm represent all of the different functions required to develop a new product. Would this organization most likely be aligned with functions, be aligned by projects, or be a hybrid? 7. Is there an analogy between a university and a product development organization? Is a university a functional, project or hybrid organization? Give an example of IE department. 8. What is the product development organization for students engaged in projects as part of a product development class? 9. Is it possible for some members of a product development organization to be organized functionally, while others are organized by project? If so, which members of the team would be the most likely candidates for the functional organization?
1. The process of planning and cooking a family dinner can resemble the generic product development process in some aspects, such as the need for planning, execution, and evaluation. However, it differs in terms of scale and complexity.
2. Cooking dinner is primarily analogous to a customization process, as it involves tailoring the meal to the specific preferences and dietary requirements of the family members.
3. A well-defined process for finding a job can enhance performance in various types of endeavors. It provides structure, clarity, and efficiency to the job search, helping individuals stay organized and focused on their goals.
4. A consulting firm that develops new products for clients on a project-by-project basis would likely have a hybrid organization. It would have individuals representing different functions required for product development, but the organization would primarily be aligned by projects to ensure collaboration, coordination, and flexibility.
5. There are analogies between a university and a product development organization, but a university is primarily a functional organization. Different departments and faculties represent distinct functions (e.g., Engineering, Sciences, Humanities), each focusing on their specialized areas.
An example is the Industrial Engineering (IE) department, which focuses on optimizing processes and systems to improve efficiency and productivity.
6. The product development organization for students engaged in projects as part of a product development class can be considered a temporary project-based organization. Students form cross-functional teams to work on specific projects, integrating their knowledge and skills from various disciplines to develop innovative solutions.
7. Yes, it is possible for some members of a product development organization to be organized functionally, while others are organized by project. The most likely candidates for the functional organization are individuals who specialize in specific areas, such as engineering, design, marketing, or finance.
These functional specialists can provide expertise and support across different projects while maintaining a functional focus. The project-based members, on the other hand, would be responsible for driving the specific project's objectives and deliverables.
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One of Current Designs' competitive advantages is found in the ingenuity of its owner and CEO, Mike Cichanowski, His involvement in the design of kayak molds and production techniques has led to Current Designs being recognized as an industry leader in the design and production of kayaks. This ingenuity was evident in an improved design of one of the most important components of a kayak, the seat. The "Revolution Seating System" is a one-of-a-kind, rotating axis seat that gives unmatched, full-contact, under-leg support. It is quickly adjustable with a lever-lock system that allows for a customizable seat position that maximizes comfort for the rider. Having just designed the "Revolution Seating System," Current Designs must now decide whether to produce the seats internally or buy them from an outside supplier. The costs for Current Designs to produce the seats are as follows. Direct materials Variable overhead $21 /unit $15 /unit Direct labor Fixed overhead 0.63/1.25 1 $14 /unit. $20,000 Current Designs will need to produce 3,050 seats this year: 20% of the fixed overhead will be avoided if the seats are purchased from an outside vendor.
Current Designs should buy the Revolution Seating System from an outside supplier. The incremental cost of making the seats is $54.50 per unit, while the incremental cost of buying the seats is $53 per unit.
The incremental cost of making the seats is calculated by adding the direct materials, variable overhead, direct labor, and fixed overhead costs. The incremental cost of buying the seats is calculated by adding the direct materials and variable overhead costs.
The fixed overhead costs are not incremental because they will be incurred regardless of whether Current Designs makes or buys the seats. However, 20% of the fixed overhead costs can be avoided if the seats are purchased from an outside supplier. This means that the incremental cost of buying the seats is $53 per unit, which is $1.50 less than the incremental cost of making the seats. Therefore, Current Designs should buy the Revolution Seating System from an outside supplier.
The decision to make or buy a product is a complex one that should be made on a case-by-case basis. In this case, Current Designs has determined that it is more cost-effective to buy the Revolution Seating System from an outside supplier. However, there may be other factors that Current Designs should consider, such as the quality of the seats from the outside supplier, the lead time for delivery, and the impact on Current Designs' production capacity.
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Vogel, Inc's depreciation expense for the most recent year was $90,000 and its net income was $530,000. The company's net cash flow from operating activities was $712,000. Other information from Vogel's financial statements includes a decrease in accounts receivable of $30,000, a $34,000 increase in accounts payable, and a $12,000 decrease in prepaid expenses. The only other activity that occurred, for the company this year, was the sale of a piece of equipment whose book value was $20,000. Taking into consideration only the activities listed, what amount will Vogel report in cash flows from investing activities? $16,000 cash inflow $36,000 cash inflow $4.000 cash inflow $4,000 cash outflow
Vogel, Inc. cash flows from investing activities will be $16,000 cash inflow. Cash inflow and cash outflows that relate to the purchase and sale of long-term assets, such as equipment and property are included in cash flows from investing activities.
The sale of the piece of equipment whose book value was $20,000 is the only activity that occurred during the year. The company must have sold the equipment for $20,000 (its book value), leading to a gain or loss on sale of equipment in the income statement.
Depreciation expense is a non-cash expenditure; it lowers net income, but it does not decrease the company's cash balance. It is added back in the operating activities section of the cash flow statement. The net cash flow from operating activities is $712,000.
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The factor of production called "land" can be defined as: the earth and anything naturally occurring on or in it used to produce goods and services. that area of the earth exchanged in the real estate
Land is a factor of production that includes the earth and anything naturally occurring on or in it, such as minerals, water, and forests.
Land is one of the four factors of production, along with labor, capital, and entrepreneurship. It is defined as the earth and anything naturally occurring on or in it. This includes minerals, water, forests, and other natural resources.
Land is a scarce resource, meaning that there is a limited amount of it available. This scarcity of land means that it has economic value. Land can be used to produce goods and services, such as agricultural products, timber, and minerals. It can also be used for residential and commercial purposes.
The value of land depends on a number of factors, including its location, its fertility, and its natural resources. Land that is located in a desirable area, such as near a city or a body of water, is likely to be more valuable than land that is located in a less desirable area.
Land that is fertile and has natural resources, such as forests or minerals, is also likely to be more valuable than land that is not fertile or does not have natural resources.
Land is a valuable asset that can be used to generate income. For example, land can be rented out to tenants or sold for a profit. Land can also be used to secure loans or other forms of financing.
The factor of production called "land" can also be defined as that area of the earth exchanged in the real estate market. In this sense, land is considered a commodity that can be bought and sold.
The price of land is determined by a number of factors, including the supply and demand for land in a particular area, the quality of the land, and the potential uses for the land.
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how big data and intelligent machining can improve a
manufacturing process
Big data and intelligent machining can improve a manufacturing process by providing valuable insights and optimizing operations to increase efficiency and productivity.
By using big data analytics, manufacturers can collect and analyze large amounts of data from various sources, such as sensors, machines, and production lines.
This data can then be used to identify patterns, trends, and anomalies that may indicate areas for improvement, such as reducing downtime, optimizing production schedules, and improving quality control.
Intelligent machining, on the other hand, refers to the use of advanced technologies such as machine learning, artificial intelligence, and robotics to automate and optimize manufacturing processes. By combining big data analytics with intelligent machining, manufacturers can gain a deeper understanding of their operations, identify areas for improvement, and make data-driven decisions to optimize their production processes.
Through the use of intelligent machines and big data, manufacturers can reduce costs, improve quality, and increase efficiency. For example, by analyzing data from sensors and machines, manufacturers can identify the root cause of production problems and implement corrective actions to prevent future issues.
Similarly, intelligent machines can help automate and optimize repetitive tasks, freeing up workers to focus on higher-value activities.
Overall, the combination of big data analytics and intelligent machining can help manufacturers stay competitive in an increasingly complex and challenging global market.
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What is credit process? Also explain the credit analysis
process?
Credit process refers to the various steps taken by a financial institution to evaluate the creditworthiness of a potential borrower or debtor. It involves a series of steps that include identification of the borrower, evaluation of the borrower's creditworthiness, granting of credit, and post-approval monitoring. These steps ensure that the credit institution can properly assess the risks and rewards of the credit transaction and make informed decisions on whether to grant credit or not. It is important to note that different institutions may have different credit processes, depending on their internal policies and procedures.
Credit analysis process refers to the systematic and objective evaluation of a borrower's creditworthiness. It is a crucial component of the credit process and helps financial institutions to make informed lending decisions. The credit analysis process involves gathering and analyzing a range of information on the borrower, such as their financial statements, credit history, industry trends, and economic conditions. The credit analyst uses this information to determine the borrower's ability to repay the credit and the risks involved in granting the credit.
The credit analysis process can be divided into five main stages:
1. Information gathering: The credit analyst gathers information on the borrower's credit history, financial statements, industry trends, and economic conditions.
2. Analysis of financial statements: The credit analyst analyzes the borrower's financial statements to determine their profitability, liquidity, solvency, and cash flow.
3. Assessment of creditworthiness: The credit analyst uses the information gathered to assess the borrower's creditworthiness and their ability to repay the credit.
4. Credit structuring: The credit analyst structures the credit in a way that is appropriate for the borrower's needs and risk profile.
5. Ongoing monitoring: The credit analyst monitors the borrower's creditworthiness and the performance of the credit over time to ensure that the risks are properly managed and the borrower remains creditworthy.
In summary, the credit process and credit analysis process are critical components of lending activities in financial institutions. Credit process helps to identify, evaluate, and monitor credit risk, while the credit analysis process helps financial institutions to make informed lending decisions by assessing the borrower's creditworthiness.
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Which of the following statements regarding marketing Intelligence is true? Marketing intelligence is privately held information. The advantage of using competitive intelligence is negligible. All marketing intelligence is free. Marketing intelligence is publicly available information.
Marketing intelligence gathering is more focused on gaining insights into consumer activities than competitors' activities. Which of the following is not a benefit of marketing research? Marketing research provides marketers insight into customers' motivations. Marketing research helps marketers identify customer purchase behaviours and satisfaction. Marketing research helps marketers assess product market potential. Marketing research provides immediate revenue for the firm. Marketing research enables marketers see the effectiveness of their promotion activities
The statement "Marketing intelligence is publicly available information" is true.
Marketing intelligence refers to the process of collecting and analyzing data about the market environment to make informed marketing decisions.
It includes gathering information about customers, competitors, and the overall market. While some marketing intelligence can be privately held within an organization, the majority of marketing intelligence is publicly available information.
Competitive intelligence, which is a subset of marketing intelligence, focuses on gathering information about competitors' activities, strategies, and performance.
It provides valuable insights into the competitive landscape and helps businesses stay ahead. As a result, the claim that "the advantage of using competitive intelligence is negligible" is false.
Not all marketing intelligence is free. While some information may be available at no cost, organizations often invest resources in collecting and analyzing data from various sources such as market research reports, industry publications, customer surveys, and data analytics tools.
Regarding the second set of statements, the statement "Marketing research provides immediate revenue for the firm" is not a benefit of marketing research.
Marketing research helps inform marketing strategies and decision-making, but it does not directly generate revenue. Its benefits lie in understanding customer motivations, identifying purchase behaviors and satisfaction, assessing market potential, and evaluating the effectiveness of promotional activities.
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Kumara Corporation reported pretax book income of $1,200,000. Kumara also reports an increase in the taxable temporary differences of $176,000, an increase in the deductible temporary differences of $171,000, and favorable permanent differences of $176,000. Assuming a tax rate of 21 percent, compute the company's deferred income tax expense or benefit. what is the deferred income expense
The deferred income tax expense for Kumara Corporation is $1,050.To compute the deferred income tax expense or benefit for Kumara Corporation, we need to consider the taxable temporary differences
Taxable Temporary Differences: $176,000 (increase)
Deductible Temporary Differences: $171,000 (increase)
Permanent Differences: $176,000 (favorable)
First, we calculate the total temporary difference:
Total Temporary Difference = Taxable Temporary Differences - Deductible Temporary Differences
Total Temporary Difference = $176,000 - $171,000
Total Temporary Difference = $5,000 (increase)
Next, we calculate the deferred tax liability (DTL) and deferred tax asset (DTA) based on the total temporary difference:
Deferred Tax Liability (DTL) = Total Temporary Difference * Tax Rate
DTL = $5,000 * 21% = $1,050
Deferred Tax Asset (DTA) = Permanent Differences * Tax Rate
DTA = $176,000 * 21% = $36,960
Since the temporary difference is an increase, it results in a deferred tax liability. Therefore, the deferred income tax expense for Kumara Corporation is equal to the deferred tax liability:
Deferred Income Tax Expense = Deferred Tax Liability
Deferred Income Tax Expense = $1,050
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Suppose you want to deposit a lump sum in a mutual fund this year that earns 6% annual compound interest for your retirement to ensure that you have $400,000 when you retire 25 years from now. You will then take annual withdrawals for the first 10 years of your retirement and your first withdrawal will be at the end of your first year of retirement. Use this information to answer the following questions.
a) How much can you withdraw each year for 10 years after your retirement? Round to the nearest dollar.
b) How much would you need to deposit today to ensure that you could support your retirement needs? Round to the nearest dollar.
(a) The annual withdrawal amount for 10 years after retirement is calculated to be $54,347;
(b) The required lump sum deposit today to support retirement needs is estimated to be $93,199.
Part (a) : To calculate the annual withdrawal amount, we need to use the future value of an annuity formula. With a desired retirement-fund of $400,000, a 6% interest-rate, and a 10-year withdrawal period,
The annual withdrawal amount can be calculated as : (Future Value)/(Present Value of Annuity Factor),
Substituting the values,
We get,
Annual Withdrawal = $400,000 / 7.3601 ≈ $54,347;
So, you can withdraw $54,347 each year,
Part (b) : Using the present value of an annuity formula, we have:
Present Value = Future Value / (1 + Interest Rate)ⁿ, where n is number-of-periods,
Given a desired retirement fund of $400,000, an interest rate of 6%, and a 25-year accumulation period, we calculate the deposit amount as :
Deposit Amount = $400,000 / (1 + 0.06)²⁵,
Deposit Amount ≈ $93,199
Therefore, the amount to be deposited is $93,199.
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Quiz navigation The following table shows the quantity demanded and quantity supplied of grapefruits (in millions of kilos): Finish attempt ... Time left 0:16:02 Refer to the table above to answer this question. If factor prices were to rise, causing the supply to change by 12 million kilos, what will be the new equilibrium price and quantity? Select one: A. $2.75 and 44 million kilos B. $2.25 and 36 million kilos C. $2.75 and 20 million kilos D. $3.25 and 28 million kilos
The new equilibrium price is $2.25 per kilo, and the new equilibrium quantity is 36 million kilos. (option b)
To find the new equilibrium price and quantity, we need to adjust the supply by subtracting 12 million kilos from the original quantities supplied at each price level. Let's calculate the adjusted supply:
Price per kilo Quantity Supplied (Adjusted)
1.75 16 - 12 = 4 million kilos
2.00 20 - 12 = 8 million kilos
2.25 24 - 12 = 12 million kilos
2.50 28 - 12 = 16 million kilos
2.75 32 - 12 = 20 million kilos
3.00 36 - 12 = 24 million kilos
Now, we can observe that at a price of $2.75 per kilo, the adjusted quantity supplied is 20 million kilos. The quantity demanded at this price remains the same, i.e., 32 million kilos. Therefore, the market is no longer in equilibrium.
To find the new equilibrium, we need to identify the price level where the adjusted quantity supplied equals the quantity demanded. From the table, we see that at a price of $2.25 per kilo, the adjusted quantity supplied is 12 million kilos, which matches the quantity demanded.
Therefore, the correct answer is B. $2.25 and 36 million kilos.
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Complete Question:
The following table shows the quantity demanded and quantity supplied of grapefruits (in millions of kilos): Finish attempt ... Time left 0:16:02 Refer to the table above to answer this question.
Price per kilo Quantity Demanded Quantity Supplied
1.75 40 16
2.00 38 20
2.25 36 24
2.50 34 28
2.75 32 32
3.00 30 36
If factor prices were to rise, causing the supply to change by 12 million kilos, what will be the new equilibrium price and quantity?
Select one:
A. $2.75 and 44 million kilos
B. $2.25 and 36 million kilos
C. $2.75 and 20 million kilos
D. $3.25 and 28 million kilos
