Advertising is slow feedback, high absolute-dollar outlay, and difficulty in measuring effects on sales
What is advertising?Advertising is a form of promotion that seeks to persuade a certain audience to purchase a good or service. One of the first types of marketing, it aims to persuade its target market to either buy, sell, or carry out a particular action. The advertisement might be specific (targets a small audience) or general, using a highly targeted message (targets a large audience).The majority of marketing strategies, including email marketing and search engine marketing, are far more recent than advertising. Advertising has been split into two categories since the internet became the norm: traditional advertising and digital advertising.Print, TV, and radio advertisements are considered to be traditional advertising because they have been used for more than 150 years. The most effective form of advertising for businesses is print media since it relies on the target market physically receiving the message through flyers, newspapers, and the mail.Any online advertising activities, including display advertising, PPC, social media advertising, etc., are at the center of digital advertising. This type of marketing is now more frequently employed because it is less expensive and simpler to track.To learn more about advertising, refer to
https://brainly.com/question/1658517
#SPJ4
managers who are believe that their native country, culture, language, and behavior are superior to all others.multiple choice question.
Managers who believe that their native country, culture, language, and behavior are superior to all others are Ethnocentric.
What is Ethnocentric?The term "ethnocentrism" refers to cultural or ethnic prejudice, whether conscious or unconscious, in which a person sees the world through the lens of his or her own group, setting their own group as the archetypal group and evaluating all other groups in light of this ideal.When someone feels that their own cultural group is superior to others, they are said to be ethnocentrists. People who are ethnocentric will think that the beliefs, ideas, values, and practices of their own culture are correct, and they will judge other ethnic groups by the criteria of their own culture.Ethnocentrism refers to the belief held by managers that their own nation, culture, language, and conduct are superior to all others.Therefore, managers who believe that their native country, culture, language, and behavior are superior to all others are Ethnocentric.
Know more about Ethnocentric here:
https://brainly.com/question/28087150
#SPJ4
ace tutors is a business that tutors high-school students who are preparing to take the sat test as part of their college entrance requirements. because it possesses a unique offering that is desirable to a specific market, ace tutors would most likely use what type of target market strategy?
The target market strategy that AC instructors would most likely utilize is niche marketing because it has a distinctive offering that is appealing to a particular market.
The definition of niche marketing is concentrating all marketing efforts on a particular, clearly defined population segment. The concept of a "niche" does not actually exist; rather, it is produced by clever marketing strategies and determining what the target audience wants.
For example, the market for women's shoes has multiple discrete divisions or niches. Shoes for plus-size ladies, shoes for nurses, and shoes for vegan women are all examples of specialized markets. Almost every market may be further categorized or modified depending on the particular needs and preferences of its players.
To learn more about niche marketing
https://brainly.com/question/5944471
#SPJ4
ana is using a test model of her firm's new glow-in-the-dark nail polish to see whether it works according to the design specifications. ana is engaged in
Ana is using a test model of her firm's new glow-in-the-dark nail polish to see whether it works according to the design specifications. Ana is engaged in alpha testing. Hence, option C is correct.
What is alpha testing?Alpha testing is the initial step in figuring out whether a new product will work as expected. Before moving on to beta tests, which involve a representative sample of the target market utilizing the product, internal personnel conducts early-stage alpha tests.
Alpha testing is done to ensure that a product is ready to be submitted to potential end users for beta testing. During the Alpha testing stage, internal testers check the product for bugs and other quality issues. These internal testers include team members, stakeholders, and others. Alpha testing is done on a product before it is released for sale.
Thus, option C is correct.
For more information about alpha testing, click here:
https://brainly.com/question/14301173
#SPJ1
The options are missing-
A. test marketing.
B. product launch.
C. alpha testing.
D. target marketing.
E. concept testing.
Empirical statements describe how the world should be. Normative statements describe how the world is.
A declaration outlining how the sector must be. is a statement of the norm. A normative statement implies a cost judgment based on how a situation appears. Regular cost assessments are presented in this normative statement.
What do empirical statements mean?Empirical statements don't evaluate the social reality; they merely describe it. They are assertions that can be empirically evaluated. Beginning students enter class oblivious of the many types of claims they are making, but with enough practice, they can grow to recognize the distinctions.
What do normative statements refer to?
A normative statement articulates a value judgment regarding the desirableness of a circumstance. A normative statement also referred to as a negative statement, is intended to discuss how the world should be, as opposed to a descriptive statement, which is intended to explain the world as it is.
Learn more about empirical statements and normative statements with the help of the given link:
brainly.com/question/14408475
#SPJ4
Why is there a need to compare and align your pecs with the pecs of a successful entrepreneur?.
PECs, or Personal Entrepreneurial Competencies, are what you need to compare and align with the pecs of a successful entrepreneur.
It is described as those skills or character traits that a successful entrepreneur must possess. The likelihood of someone succeeding as an entrepreneur increases with the degree to which they exhibit these qualities.
An entrepreneur is a person who starts a new business, taking on the most of the risks and reaping the majority of the gains. The term Competencies "entrepreneurship" refers to the act of starting a business. The entrepreneur is frequently viewed as an innovator, a source of novel concepts, products, services, and/or business models.
In any economy, entrepreneurs play a crucial role because they have the knowledge and drive to foresee demands and market valuable new ideas. Profits, notoriety, and prospects for ongoing expansion are given to entrepreneurialism that succeeds in assuming the risks involved in Competencies founding a startup. Failure in entrepreneurship costs the participants money and reduces their visibility in the market.
Learn more about entrepreneur here
https://brainly.com/question/29034897
#SPJ4
uppose a tax cut affected aggregate demand and aggregate supply. the shift in aggregate supply would make the a. price level change by more than otherwise and real gdp change by less than otherwise. b. price level change by less than otherwise and real gdp change by more than otherwise. c. price level and real gdp change by less than otherwise. d. price level and real gdp change by more than otherwise.
The graph is mentioned for the answer the shift in aggregate supply would make the a. price level change by more than otherwise and real gdp change by less than otherwise.
Real GDP can occasionally be higher than potential GDP. This would indicate that the economy is OVERHEATED, resources are being overused, and a slowdown is necessary.
When Real GDP is lower than Potential GDP, it indicates that resources are not being used to their full potential.
Real GDP can occasionally match potential GDP. The economy is in equilibrium, making this the ideal state.
The purpose of the aforementioned is to demonstrate how Real GDP varies around Potential GDP due to the Business Cycle.
The Business Cycle is a four-stage cycle that the economy experiences over time. It has two phases: a Recession and an Expansion, and two turning points: a Peak and a Trough.
To know more about the gdb visit here :
https://brainly.com/question/15682765
#SPJ4
Completing college in the usual 4 years falls
under which SMART goal category?
A. Timely
B. Measurable
C. Specific
D. Attainable
Completing college in usual 4 years falls under Timely category of SMART Goals.
What are SMART Goals?
College students who set goals are more likely to succeed academically and professionally. Students can set attainable, pertinent, and constructive goals for the future by using SMART goals. Learning about these objectives can help current and prospective college students. The abbreviation S.M.A.R.T. provides guidelines for creating goals and objectives for improved results in project management, employee performance management, and personal development, among other areas. George T. Doran first coined the phrase in the Management Review issue from November 1981.
Hence, Completing college in usual 4 years falls under Timely category of SMART Goals.
To learn more about SMART Goals click,
https://brainly.com/question/8986181
#SPJ13
if jack were to have shared the secret recipes with friends during his ownership of the restaurant, could he still claim that they are trade secrets?
No, once the secret recipes are divulged to a third party, it is no longer a trade secret. Hence, the correct answer is Option D.
Since the recipe is divulged, it can't be a trade secret. Assuming that Sophia has invented the recipes during the course of her duty and uses the resources of the restaurant, Jack (strictly speaking the restaurant) becomes the owner of the trade secret. Hence Jack would own any intellectual property rights in the recipes since it was at his restaurant. If there is trade secret protection for the recipes, the protection would last forever, as long as the recipes are not revealed to others.
To learn more about operations management,
https://brainly.com/question/16289727
#SPJ4
The Wider The Dispersion Of Returns On A Stock, The: Higher The Standard Deviation. Lower The Variance. Lower The Real Rate Of Return. Lower The Expected Rate Of Return.
This problem has been solved!
You'll get a detailed solution from a subject matter expert that helps you learn core concepts.
See Answer
The wider the dispersion of returns on a stock, the:
higher the standard deviation.
lower the variance.
lower the real rate of return.
lower the expected rate of return.
The wider the dispersion of returns on a stock, the higher the standard deviation.
The difference between each price and the mean, which reveals a wider price range, increases with a security's standard deviation.
The volatility of investment return is measured by a standard deviation in the world of finance. A wider range of results is often seen as the higher the standard deviation. A small standard deviation, on the other hand, usually indicates a more stable investment.
The standard deviation may be used to estimate market volatility or the variation in asset values from their mean price. The standard deviation increases when prices fluctuate erratically, signaling a riskier investment. Investments have minimal risk because of low standard deviation, which indicates stable pricing.
To know more about Standard Deviation here
https://brainly.com/question/9004466
#SPJ4
price of labor is affected by the marginal product of labor
The price of labor is said to be affected by the marginal product of labor. As the marginal product of labor tends to take into account the marginal value of each additional product.
The marginal product of labor is considered to be the change in output wherein the additional labor is said to be added, such as when an additional employee is hired. So, it is quite important in order to point out that all other factors remain constant.
However, the price of labor is said to be affected by the marginal product of the labor. Thus, as the marginal product of labor tends to take into account the marginal value of the each additional product.
Hence, the marginal product of labor is a company's total output which increases when it adds a single labor unit.
The given question is incomplete, so the complete question is here-
How is the price of labor affected by the marginal product of labor?
To learn more about the marginal product of labor here:
https://brainly.com/question/14039562
#SPJ4
chris used the va guaranteed loan program to purchase a home five years ago. he now wants to sell that house and buy a new one. is chris allowed to use the va loan program a second time?
Yes, but Chris will have to make an application to have his eligibility reinstated after the VA loan is repaid with the sale of the house.
What is a VA loan?An American mortgage loan with the Department of Veterans Affairs' guarantee is known as a VA loan. The program is available to American veterans, active duty service members, reservists, and certain surviving spouses. It can be used to buy manufactured homes, single-family homes, condominiums, multi-unit buildings, and new construction. The VA does not originate loans; instead, it establishes eligibility criteria, specifies minimal standards and requirements for mortgage offers, and provides financial guarantees for loans that meet program requirements. The main goals of the VA home loan program are to provide qualified veterans with mortgage financing and to assist them in making no-down payment real estate purchases. A competent lender may grant the loan.
To learn more about VA loan, visit:
https://brainly.com/question/4601451
#SPJ4
an investor has the following portoflio: company shares owned price per share expected return jnj 125 $35 6.8% cat 100 $53 8.3% ge 250 $67 7.7% ibm 175 $97 6.9% what is the expected return of the portfolio?
The portfolio's anticipated return is 7.37%.
The profit or loss an investor can anticipate realizing from an investment is known as the expected return. Calculating an expected return involves multiplying possible outcomes by their likelihood before adding the results. Return expectations cannot be ensured.
The entire amount of money an investor anticipates to win or lose on a specific investment or portfolio is known as their expected return. When deciding whether to purchase new investments or keep their current holdings, investors frequently use the predicted return as a guide.
Shares (i) PPS (ii) Total Value (iii) = (i) × (ii) Return (iv) Return (iii) × (iv)
125 35 4,375.00 6.8% 297.50
100 53 5,300.00 8.3% 439.90
250 67 16,750.00 7.7% 1,289.75
175 97 16,975.00 6.9% 1,171.28
Tota;
650 252 43,400.00 29.7% 3,198.43
Expected Return = Return / Total Value
= 3198.43 / 43400
= 7.37%
To learn more about expected returns
https://brainly.com/question/24173787
#SPJ4
the foreign entry mode that is the most costly, with firms bearing the full capital costs and risks of operating overseas, is .
From a capital investment perspective, creating a wholly owned subsidiary is typically the most expensive way to serve a foreign market. The full capital costs and risks of establishing overseas operations must be borne by the companies doing this.
Due to their lack of dedication to the market, small-scale market entry can also make it difficult for the company to increase market share.
To learn more about the foreign market visit here :
https://brainly.com/question/13799871
#SPJ4
a policy designed to ensure that sellers receive a minimum price that is greater than what would be available at the market is a price .
a policy designed to ensure that sellers receive a minimum price that is greater than what would be available at the market is a price floor.
A price floor is a restriction on how low a price can be charged for a good, commodity, or service that is set by the government or another party. To be effective, a price floor needs to be greater than the equilibrium price.
The price at which economic forces like supply and demand are balanced and, in the absence of outside influences, the (equilibrium) values of economic variables will not change is known as the equilibrium price, also known as the "market price."
It is frequently described as the point at which quantity demanded and quantity supplied are equal (in a perfectly competitive market). To prevent particular prices from falling too low, governments utilize price floors.
To know more about price floor:
https://brainly.com/question/13335147
#SPJ4
a(n) occurs when a union encourages its members and the general public not to buy the products of a firm involved in a labor dispute.
A primary boycott occurs when a union encourages its members and the general public not to buy the products of a firm involved in a labor dispute.
What is a primary boycott?A primary boycott happens when a union urges its customers to stay away from a company that is embroiled in a labor dispute.Usually refers to instances where a trade union and its members, as part of an employment dispute, prevent or make it difficult for customers or businesses to purchase an employer's goods or services.Secondary boycotts are actions done against an organization or corporation that transacts business with the principal target of the primary boycott.The most common situation in which the word "boycott" is used is antitrust law. It is a deliberate decision to avoid doing business with an unfavorable buyer or seller.Therefore, a primary boycott occurs when a union encourages its members and the general public not to buy the products of a firm involved in a labor dispute.
Know more about a boycott here:
https://brainly.com/question/1199306
#SPJ4
Brief explanation on how the Uber company’ miion tatement i contributing toward
achieving the company’ goal and objective
Uber's project declaration manner that We are a tech enterprise that connects the bodily and virtual worlds to assist make motion show up at the faucet of a button.
The required details for Uber in given paragraph
Uber Technologies Inc.'s (UBER) explosive boom and regular controversy make it one of the maximum charming corporations to emerge over the last decade. The worldwide ride-sharing application, based in 2009, disrupted current transportation as we are aware of it and at one factor grew to grow to be the highest-valued non-public startup enterprise within side the world. Ten years after its founding, Uber went public on May nine, 2019. Though the street has been bumpy,
Uber stays a first-rate enterprise within side the ride-sharing space. In its maximum latest quarterly profits release, for Q2 monetary year (FY) 2021, Uber suggested a internet earnings of $1.1 billion, $3.nine billion in revenue, and 1.five billion journeys on its platform.
To know about Uber click here
https://brainly.com/question/24039976
#SPJ4
If the required reserve ratio is 10 percent, currency in circulation is $1,200 billion, checkable deposits are $1,600 billion, and excess reserves total $2,500 billion, then the m1 money multiplier is.
The required reserve ratio can be calculated by using the equation as follows:
Excess reserve ratio = Excess reserve/Checkable deposit
2500/1600
=1.5625
Therefore, the excess reserve ratio is 1.5625.
The money multiplayer can be calculated by using the equation (1) as follows:
1+ currency ratio
Money multiplayer =
Excess reserve ratio + Currency ratio +Required reserve ratio
1+0.75
1.5625+0.75 +0.1
= 0.7253
Thus, the money multiplayer is 0.7253.
Bank loans or invests its extra reserves to earn greater hobby. A one-greenback increase in the monetary base reasons the cash delivery to grow by using more than one greenback. The boom within the money supply is the money multiplayer.
The cash multiplier is essential in macroeconomics because it determines the money supply, which impacts interest prices. It is also crucial in banking as it impacts financial policy and the stability of the banking region.
The money multiplier tells you the maximum amount the cash supply ought to increase based on an increase in reserves in the banking machine. The component for the cash multiplier is simply 1/r, in which r = the reserve ratio.
Learn more about money multiplayer here https://brainly.com/question/8263146
#SPJ4
what shipping term should mavis include in the contract to ensure juno carries the risk of loss until the sculpture leaves the ship?
When the items leave the ship, the buyer assumes the risk of loss, according to the maritime idiom "delivery ex-ship" (delivery from the carrying vessel).
When a business, like Dell, ships a product to a customer, it alters the customer's name as soon as the package is sent out for delivery by a common carrier.
In the event that a computer is damaged after being delivered to the carrier, Dell is not liable.
If FedEx has a policy for ensuring the product's safety during delivery, it will either be responsible for the damage to the computer or will not be. If not, the purchaser is liable for any harm. However, once it has given the product to FedEx for delivery, Dell will not be held accountable in any of the scenarios.
Click here to learn more about delivery:
brainly.com/question/15243454
#SPJ4
which of the following is correct regarding a work sheet? multiple choice question. if a company reports net income, then this amount will be added to the adjustments column. the adjusted trial balance column totals will be off by the net income amount. each set of column totals must balance on the trial balance columns, adjustments columns and the adjusted trial balance columns. if an account requires more than one adjustment, the second adjustment is not entered.
"Each set of column totals must balance on the Trial Balance columns, Adjustments columns and the Adjusted Trial Balance columns." is true about a work sheet.
What is a Trial balance?A trial balance is a list of every general ledger account in a company's ledger. Each nominal ledger account's name and current balance amount will be listed in this list. There will be a debit balance or a credit balance in each nominal ledger account.
Trial balances are a crucial document for auditors and are used to create balance sheets and other financial statements. The general ledger accounts' debit and credit column totals are compared using a trial balance to look for any accounting errors.
To learn more about Trial balance
https://brainly.com/question/15059786
#SPJ1
a company you are considering investing in has a dividend of $0.40 per share. if you have a required return of 12% and the dividend is expected to grow at 3% per year, the discounted dividend valuation model would value the stock at: question 3 options: $5.50. $4.58. $4.98. $5.89.
The company has dividend $0.40 per share. With rate of return 12% and dividend growth rate 3% per year, the value of the stock is $4.58
The dividend discount model is an approach for projecting the price of a company's stock based on the premise that its current price is equal to the sum of all future dividend payments when discounted back to their present value.
The formula for dividend discount model:
Value of stock = ed / (cce - dgr)
Where:
ed = expected dividend per share
cce = cost of capital equity
dgr = dividend growth rate
Using parameters given in the problem:
Expected dividend per share = 0.4 x (1 + 0.03) = 0.412
Value of stock = 0.412 / (0.12 - 0.03) = 4.58
Learn more about stock value here:
https://brainly.com/question/25562729
#SPJ4
When delivering 2023 armada, what should you demonstrate to customers about the 2nd- row seats?.
Switches are situated next to each seat and in the quarter panel trim on the passenger side. Each seatback has its own switch and functions independently.
What is switch and functions ?At the data link layer (layer 2) of the OSI model, a switch is actually thought of as a multiport network bridge that processes and forwards data using hardware addresses. By combining routing operations, certain switches can also process data at the network layer (layer 3).Electric current can be created and broken in a circuit using a switch. Equipment used on a daily basis, such as the television, washing machine, fan, and light, are turned on and off using it.Layer 2 switching performs the following three unique tasks: address learning, forward/filter decisions, and loop avoidance.To learn more about switch and functions refer to:
https://brainly.com/question/23881024
#SPJ4
_________ determines the point at which the cumulative dollar value of the benefits from a project equals the investment made in the project.
Breakeven analysis determines the point at which the cumulative dollar value of the benefits from a project equals the investment made in the project.
Describe break-even analysis using examples.Assume a company has $1 million in fixed costs and a 37% gross margin. $1 million divided by 0.37 results in $2.7 million as the break-even point. In the aforementioned example, the company needs to generate $2.7 million in revenue to meet its fixed and variable expenses. The business will make money if it boosts sales.
What makes it important?Small business owners are advised on how much product needs to be sold in order to be profitable by a calculation called a breakeven analysis. It helps entrepreneurs create a pricing strategy that will cover costs and generate a gross profit.
To know more about Breakeven Analysis visit:
https://brainly.com/question/1166788
#SPJ4
newson minerals is considering a project that will require the purchase of $479,000 of equipment. the equipment will be depreciated straight-line to a zero book value over the five-year life of the project after which it will be worthless. the required return is 12 percent and the tax rate is 25 percent. what is the value of the depreciation tax shield in year 4 of the project assuming no bonus depreciation is taken?
The value of the depreciation tax shield in year 4 of the project assuming no bonus depreciation is taken is $23,950.
What is a depreciation tax shield?A depreciation tax shield is a tax-saving strategy in which depreciation expense is deducted from taxable income. The amount by which depreciation protects the taxpayer from income taxes is calculated by multiplying the applicable tax rate by the amount of depreciation.
A tax shield is a reduction in taxable income achieved by claiming allowable deductions such as mortgage interest, medical expenses, charitable contributions, amortization, and depreciation.
Given,
Purchase cost = $479,000
Number of years = 5
Required return = 12%
Tax rate = 25%
Now,
Calculating the value of the depreciation tax shield,. the formula will be:
Depreciation tax shield = ( Purchase cost / Number of years ) * tax rate
Depreciation tax shield =( $479,000 / 5 ) * 25%
Depreciation tax shield = $95,800 * 25%
Depreciation tax shield = $23,950
The Depreciation tax shield is $23,950.
Learn more about depreciation on:
https://brainly.com/question/1203926
#SPJ1
is the constant annual return over the 20 years that would provide the same total cumulative return over the entire investment period.
Geometric average is the constant annual return over the 20 years that would provide the same total cumulative return over the entire investment period.
Absolute go back refers to the quantity of finances that a funding has earned. Also called the overall go back, absolutely the go back measures the advantage or loss skilled with the aid of using an asset or portfolio impartial of any cumulative return or different standard.
An annual charge of go back is the income or loss on a funding over a one-yr period. There are many approaches of calculating the once a year charge of go back. If the charge of go back is calculated on a month-to-month basis, multiplying it with the aid of using 12 expresses an annual charge of go back.
Learn more about return here:
https://brainly.com/question/15326227
#SPJ4
suppose the nominal exchange rate between the japanese yen and the u.s. dollar is 100 yen per dollar. further, suppose that a pound of hamburger costs $2 in the united states and 250 yen in japan. what is the real exchange rate between japan and the united states? a. 0.5 pound of japanese hamburger/pound of american hamburger b. 0.8 pound of japanese hamburger/pound of american hamburger c. 1.25 pounds of japanese hamburger/pound of american hamburger d. 2.5 pounds of japanese hamburger/pound of american hamburger e. none of the above
The actual change fee (RER) between two currencies is the nominal exchange charge (e) extended via the ratio of expenditures between the two countries, P/P*. The RER therefore is eP*/P.
What change price gadget does Japan use?In 1973, Japan moved to a floating alternate fee system. The contemporary change charge of the yen, when measured by way of the actual effective exchange rate, which roughly suggests the worldwide competitiveness of Japanese businesses, is about 30 percentage under the common charge over the nearly half of century seeing that 1973.
Why is the Japanese alternate fee so low?The yen has weakened past a hundred and forty per dollar for the first time in nearly a quarter century, typically because Japan's central bank is preserving interest charges at rock-bottom ranges whilst the Federal Reserve and different central banks are conducting outsized rate hikes.
Learn more about real exchange rate here:
https://brainly.com/question/2202418#SPJ4a deli sells 640 sandwiches each day when the price is $8.00. a market survey determines that for every $0.10 decrease in price, 40 more sandwiches will be sold. write the revenue function and determine the price that should be charged in order to maximize the revenue.
The price that should be charged in order to maximize the revenue is 5.6
Let x be the number of $0.10 reduction in price
Then the number of sandwiches sold will be 640+20x
The price per sandwich is 8-0.10x
So we find the domain of the price function
P ≥ 0
8-0.10x ≥ 0
x ≤ 8/0.10
x ≤ 80
Revenue function becomes
R(x) = (640+20x)(8-0.10x)
R(x) = 5120 +160x - 64x -2x²
R(x) = 5120 +96x -2x²
Now maximize the Revenue we have
R'(x) = 96 - 4x = 0
x = 96/4 = 24
x = 24
P = 8 -0.10(24) = 8 - 2.4 = 5.6
Hence in order to maximize the revenue should be the price should be $5.6
To learn more about revenue, selling price, and profit,
https://brainly.com/question/8645356
#SPJ4
crane company manufactured 6,240 units of a component part that is used in its product and incurred the following costs: direct materials $36,400 direct labor 15,600 variable manufacturing overhead 10,400 fixed manufacturing overhead 20,800 $83,200 another company has offered to sell the same component part to the company for $13 per unit. the fixed manufacturing overhead consists mainly of depreciation on the equipment used to manufacture the part and would not be reduced if the component part was purchased from the outside firm. if the component part is purchased from the outside firm, crane company has the opportunity to use the factory equipment to produce another product which is estimated to have a contribution margin of $22,880. prepare an incremental analysis report for crane company which can serve as informational input into this make or buy decision. (enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). do not leave any field blank. enter 0 for the amounts.)
The preparation of an incremental analysis report for Crane Company for the make-or-buy decision is as follows:
Incremental Analysis:Make Buy
Direct materials $36,400
Direct labor 15,600
Variable overhead 10,400
Total variable costs $62,400 $81,120
Contribution margin (22,800)
Total incremental costs $62,400 $58,320
Incremental benefits of outsourcing = $4,080
What is a make-or-buy decision?A make-or-buy decision is an outsourcing decision that considers the profitability of manufacturing or providing some goods or services internally in contrast to external production or outsourcing.
Every make-or-buy decision must be based on relevant costs. Relevant costs are costs that impact a decision.
Incremental analysis reports present the relevant costs and benefits in make-or-buy decisions.
The number of units manufactured = 6,240
Production costs:
Direct materials $36,400
Direct labor 15,600
Variable overhead 10,400
Total variable costs $62,400
Fixed overhead 20,800
Total costs = $83,200
Outside supplier's price per unit = $13
Contribution margin = $22,800
Incremental benefits of outsourcing vis-a-vis internal production = $4,080 ($58,320 - $62,400)
Thus, in this make-or-buy decision, we can advise Crane Company to outsource the manufacturing of the component to the outside supplier, given the incremental benefits of $4,080.
Learn more about make-or-buy decisions at https://brainly.com/question/15304126
#SPJ1
There are many differences between a market served by a monopoly and a market that is perfectly competitive. Indicate whether each item is associated with a single-price monopoly, perfect competition, or is true of both market structures.
In a monopolistic market, there is only one company that has complete market dominance and sets the prices and levels of supply for goods and services.
What is the main difference between a monopoly and a perfectly competitive market?In a monopolistic market, there is only one company that has complete market dominance and sets the prices and levels of supply for goods and services.In contrast to a monopolistic market, which is made up of just one firm, a perfectly competitive market is made up of numerous firms.By deliberately limiting supply, which lowers output and raises prices, a monopolist generates positive economic profit.This does not occur in a completely competitive market, when total surplus is maximized.As a result, a completely competitive market produces more than a monopoly.To learn more about monopolistic market refer,
https://brainly.com/question/25717627
#SPJ4
a company had total sales of $1,000,000, net sales of $975,800, and an average accounts receivable, net of $119,000. its accounts receivable turnover equals:
The correct answer or accounts receivable turnover is 8.2.
Accounts receivable turnover is the average number of times a company collects its receivables in a given year. Accounts receivable turnover is a metric that analysts and accountants use to assess how well a company collects on the credit it gives to its customers.
It is given in the question that a company had total sales of $1,000,000.
Net sales = $975,800
Average accounts receivable= $119,000
To calculate the account receivable turnover, we will be using the following formula:
That is; account receivable turnover= net sales / Average accounts receivable
∴account receivable turnover = 975,800/119,000 = 8.2
Hence, accounts receivable turnover is 8.2.
To know more about the similar question on 'accounts receivable turnover'
visit- https://brainly.com/question/18685980
#SPJ4
Which statement about holding costs, also known as carrying costs, are correct? (select all that apply.)A) Carrying costs can be negative.B) Carrying costs can be stated as a percentage of item price,C) Carrying costs can be stated as a constant.D) Carrying costs are assumed to be zero.
The correct statements about holding costs or carrying costs are:
(B) Carrying costs can be stated as a percentage of the item price.
(C) Carrying costs can be stated as a constant.
What are the carrying costs?The numerous expenses a business incurs for keeping inventory on hand are known as carrying costs.
Taxes, insurance, personnel costs, and opportunity costs are some examples of carrying costs.
You can define carrying costs as a constant.
A percentage of the item price can be used to represent carrying expenses.
Add up the costs listed above for capital, storage, labor, transportation, insurance, taxes, administration, depreciation, obsolescence, and shrinkage over a year in order to calculate inventory carrying costs.
Then multiply the result by 100 to get a percentage by dividing those carrying expenses by the overall inventory value.
The cost of an asset less accumulated depreciation is its carrying amount, sometimes referred to as its carrying value. Since it must be calculated, the carrying amount is typically excluded from the balance sheet.
Therefore, the correct statements about holding costs or carrying costs are:
(B) Carrying costs can be stated as a percentage of the item price.
(C) Carrying costs can be stated as a constant.
Know more about the carrying costs here:
https://brainly.com/question/16395657
#SPJ4
