The last part of the Consultative Sales Presentation Guide is B) servicing the sale.
After the selection of the solution has been made and the customer's needs have been satisfied, the salesperson's job is not yet done. The final step is to service the sale. This means that the salesperson must follow up with the customer to ensure that they are satisfied with the product or service and address any issues or concerns that may arise. This step is important for building long-term relationships with customers and increasing the likelihood of future sales. Therefore, it is essential that salespeople prioritize servicing the sale as the final step in the Consultative Sales Presentation Guide.
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B) Servicing the sale is the last part of the Consultative Sales Presentation Guide. It involves ensuring that the customer is satisfied with their purchase and providing any necessary follow-up support or assistance.
This step is important for building a long-term relationship with the customer and encouraging repeat business. It also provides an opportunity to gather feedback and insights that can be used to improve future sales presentations.
The other options listed are all important components of the consultative sales process but occur earlier in the process. Need discovery involves identifying the customer's needs and pain points. Need satisfaction involves presenting a solution that addresses those needs.
Selection of the solution involves helping the customer make a decision about which solution is best for them. Strategic planning involves developing a plan for how to approach the sale and meet the customer's needs.
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Which of the following best describes relationships among auditing, attest, and assurance services?
a. Attest is a type of auditing service.
b. Auditing and attest services represent two distinctly different types of services—there is no overlap.
c. Auditing is a type of assurance service.
d. Assurance is a type of attest service
Auditing, attestation, and assurance services are all related to providing confidence in the accuracy and reliability of financial information.
Auditing is the process of examining and evaluating financial statements and supporting documentation to determine if they are in compliance with accounting principles and are free from material misstatements. Assurance services, on the other hand, provide a broader range of services that involve giving an opinion, conclusion, or other form of assurance on the reliability of information. Attestation is a subset of assurance services that specifically involves providing assurance on the reliability of information that is not related to financial statements, such as performance metrics or sustainability reporting. In summary, auditing is a type of assurance service that focuses specifically on financial statements, while attestation and other assurance services provide broader types of assurance on various types of information.
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nonprofit theatres have been able to avoid passing on escalating production costs to the consumer. T/F
Nonprofit theatres have been able to avoid passing on escalating production costs to the consumer. This is because these theatres operate on a different financial model than commercial theatres. The statement is True
Nonprofit theatres typically rely on donations, grants, and government funding to cover their operating costs. They also often have a mission to provide affordable and accessible cultural programming to their communities. As a result, they may choose to absorb production costs rather than increase ticket prices, which would make their programming less accessible to their audiences.
Additionally, nonprofit theatres may also be able to negotiate lower production costs through partnerships with other arts organizations, sharing resources, and utilizing volunteer labour. While commercial theatres operate on a for-profit basis and must cover their costs through ticket sales, nonprofit theatres are able to prioritize their mission and community service over financial gain.
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an agent tells a client that they cannot list their apartment on the mls because they are jewish. what kind of practice is this?
This kind of practice is called discriminatory or unequal treatment based on religion. It is a violation of fair housing laws and is completely unacceptable. Agents are obligated to provide equal opportunities to all clients regardless of their race, color, religion, national origin, sex, disability, or familial status.
An agent refusing to list an apartment on the MLS (Multiple Listing Service) because the client is Jewish goes against this law and is considered unethical and illegal. Anyone who encounters such discriminatory practices should report it to the appropriate authorities, such as the Department of Housing and Urban Development (HUD), to ensure fair treatment and equal opportunities in housing for everyone.
If an agent engages in discriminatory practices, they can face serious legal consequences and lose their license. It is important for clients to report any instances of discrimination they experience or witness to the appropriate authorities to ensure that everyone is treated fairly and equally. In summary, discrimination of any kind should never be tolerated in the real estate industry or any other field.
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9. what would be your response to the statement, "profit maximization is the only legitimate pricing objective for the firm"?
While profit maximization is certainly an important objective for any business, it is not necessarily the only legitimate pricing objective. In fact, there are several other factors that businesses must take into consideration when setting prices, such as the cost of production, the competition, and the needs and wants of their customers.
One of the most important things to keep in mind is that profit maximization is not always the most sustainable pricing strategy.
Focusing solely on profits can lead to short-term gains, but it can also damage a company's reputation and customer loyalty over the long run.
Customers are often willing to pay more for products that offer greater value, so a company that prioritizes customer satisfaction and long-term growth is likely to achieve more success in the long term.
Additionally, businesses that prioritize profit maximization may not be considering the wider impact of their pricing decisions on society and the environment.
A more socially responsible approach to pricing takes into account the externalities that businesses create, such as pollution and resource depletion, and seeks to minimize these impacts through more sustainable pricing practices.
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the following beginning and ending balances were drawn from the records of allen company beginning ending equipment $2,200 $1,300 accumulated depreciation 800 1,700 if allen company sold equipment that had an original cost of $1,850 and accumulated depreciation of $900 for $500, how much did allen pay for new equipment?
To determine how much Allen Company paid for new equipment, we need to calculate the book value of the equipment that was sold.
The book value is the original cost of the equipment minus the accumulated depreciation. In this case, the book value of the equipment is $1,850 - $900 = $950.
Since the company sold the equipment for $500, this means they received $500 more than the book value of the equipment. This is called a gain on disposal.
To find out how much Allen Company paid for new equipment, we need to subtract the gain on disposal from the difference between the beginning and ending balances of the equipment account. The difference between the beginning and ending balances of the equipment account is:
Beginning balance - Ending balance = $2,200 - $1,300 = $900
So, the amount that Allen Company paid for new equipment is:
$900 - $500 = $400
Therefore, Allen Company paid $400 for new equipment.
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Which of these is NOT an advantage of linking sales and operations planning throughout the supply chain as mentioned in the book?
A) greater coordination
B) improved productivity
C) fewer disruptions in the flow of goods and services
D) increased sales revenue
(D) Linking sales and operations planning throughout the supply chain can have numerous advantages for companies. It helps in ensuring that everyone in the organization is aligned and working towards the same goals.
The book mentions several advantages of linking sales and operations planning throughout the supply chain, such as greater coordination, improved productivity, fewer disruptions in the flow of goods and services, and increased sales revenue.
However, the question asks which of these is NOT an advantage of linking sales and operations planning throughout the supply chain.
Based on the options given, the answer would be D) increased sales revenue.
While linking sales and operations planning can help companies to better understand customer demand and plan their production accordingly, it may not necessarily result in increased sales revenue.
Other factors such as competition, pricing strategies, and marketing efforts also play a significant role in driving sales revenue.
In conclusion, linking sales and operations planning throughout the supply chain can have numerous benefits, but it may not necessarily result in increased sales revenue.
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The most obvious distinction between not-for-profit and for-profit organizations is:
a.not for-profit organizations have more exact marketing goals.
b.not-for-profit organizations have a different view of what constitutes the bottom line.
c.customers of not-for-profit organizations have more control.
d.not-for-profit organizations market services not goods. T/F
The most obvious distinction between not-for-profit and for-profit organizations is: - not-for-profit organizations have a different view of what constitutes the bottom line.
Not-for-profit organizations aim to achieve a social or humanitarian mission rather than generate profits for shareholders or owners. As a result, their goals and priorities are different from those of for-profit organizations. While for-profit companies prioritize financial performance and profitability, not-for-profit organizations prioritize achieving their mission and making a positive impact in the community they serve.
Marketing goals for not-for-profit organizations are often more focused on creating awareness, educating the public, and generating support for their cause rather than generating sales or revenue. Not-for-profit organizations often rely on donations, grants, and fundraising to support their operations, which requires a different marketing approach than for-profit companies.
While both for-profit and not-for-profit organizations market products and services, not-for-profit organizations often offer intangible services such as education, healthcare, and social services. The customers of not-for-profit organizations may have more control in the sense that they have a voice in the organization's mission and priorities, but this does not necessarily mean they have more control over the products or services offered.
In conclusion, the most obvious distinction between not-for-profit and for-profit organizations is their different views of what constitutes the bottom line. For-profit organizations prioritize financial performance, while not-for-profit organizations prioritize achieving their social or humanitarian mission.
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what method is used to calculate the monthly finance charge for the first major credit card
The method that is commonly used to calculate the monthly finance charge for the first major credit card is the Average Daily Balance (ADB) method.
This method involves taking the balance of the account each day of the billing cycle, adding them up, and then dividing by the number of days in the billing cycle to get the average daily balance. The finance charge is then calculated by multiplying the average daily balance by the monthly interest rate, which is typically a percentage of the balance owed.
This method is considered to be fair and transparent because it takes into account the daily fluctuations in the account balance, rather than simply charging interest on the full balance owed at the end of the billing cycle.
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a rational decision maker will take only those actions for which the expected marginal benefit
T/F
The statement is true: Rational decision-makers focus on maximizing their utility or satisfaction, and they compare the expected marginal benefits and costs of each action to make the best choice.
In the decision-making process, a rational individual evaluates the pros and cons of different options by comparing the marginal benefits and costs associated with each action. They will only choose to pursue an action if the expected marginal benefit (EMB) outweighs the expected marginal cost (EMC) or if the EMB is equal to the EMC.
When making a decision, the rational decision maker takes the following steps:
1. Identify the available options.
2. Evaluate the expected marginal benefit and expected marginal cost for each option.
3. Compare the EMB and EMC of each option.
4. Choose the option where the EMB is greater than or equal to the EMC.
By following these steps, the decision maker ensures that they are making choices that maximize their utility or satisfaction, given their available resources and constraints.
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mariah wants to be a good steward. why should she avoid debt? god wants us to be financially responsible. debt is expensive. debt keeps her from obtaining a credit card. having debt deters her from being generous later. debt, when avoidable, goes against biblical principles.
Mariah's desire to be a good steward is admirable, and avoiding debt is a critical aspect of responsible financial management. God calls us to be financially responsible, and in doing so, we are better equipped to manage our resources effectively. Debt can be a significant hindrance to this goal.
One of the primary reasons to avoid debt is that it is expensive. The interest and fees associated with borrowing money can add up quickly, leaving Mariah with a substantial financial burden that she may struggle to pay off.
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Suppose that people who work in the paint industry face a great risk of developing an incurable disease. A medical breakthrough that eliminates the risk will most likely cause which of the following shifts in the supply and demand curves for workers in the paint industry?
Supply Curve Demand Curve
A. shift right no shift
B. shift left no shift
C. shift left shift left
D. shift left shift right
E. no shift shift left
The correct answer is A. There will be a shift to the right in the supply curve and no shift in the demand curve.
This will lead to an increase in the quantity of workers employed in the paint industry, but it is difficult to predict whether wages in the industry will increase, decrease, or remain the same. If a medical breakthrough eliminates the risk of incurable diseases among workers in the paint industry, we can expect a shift in the supply and demand curves for workers in this industry. First, we can expect a shift in the supply curve for workers in the paint industry. Once the risk of incurable disease has been eliminated, workers will no longer be prevented from entering or remaining in the area. This means that the supply of workers in the paint industry will increase and the supply curve will shift to the right.
Second, we can expect a shift in the demand curve for workers in the paint industry. Once the threat of incurable diseases is removed, the demand for workers in this field is likely to increase. This is because the industry becomes more attractive to potential workers and the need for companies to offer higher wages or benefits to compensate for the risk of contracting the disease. This increase in demand shifts the demand curve to the right.
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T/F: salespeople need to know what their goals are to be able to manage their time effectively.
True. Knowing their goals helps salespeople prioritize tasks, allocate time and resources efficiently, and focus on activities that contribute to achieving their targets.
Effective time management is critical for salespeople to achieve success. To manage their time efficiently, salespeople need to know what their goals are.
Having clear and well-defined goals helps salespeople prioritize their tasks and allocate their time and resources effectively. By knowing their objectives, salespeople can focus on activities that contribute to achieving their targets, ensuring that their efforts are aligned with their goals.
This , in turn, helps them avoid wasting time on non-priority tasks that do not help them achieve their objectives.
Therefore , setting SMART goals that are specific, measurable, achievable, realistic, and time-bound is crucial for effective time management in sales. With clear goals in place, salespeople can manage their time efficiently, increase their productivity, and ultimately achieve their sales targets.
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the philip morris company changed its name to altria in an attempt to create a new? A. Social identity, B. Interpretive sociology, C. feminism
The Philip Morris Company changed its name to Altria in an attempt to create a new Social identity. The correct option is A.
The Philip Morris Company changed its name to Altria in 2003 in an attempt to create a new social identity for the company. The tobacco industry has been associated with negative health effects and has faced significant public backlash and legal challenges. By changing its name, the company sought to distance itself from its negative image and rebrand itself as a socially responsible company.
Creating a new social identity is a common strategy used by companies to improve their public image and reputation. By changing their name, companies can signal a change in their values, mission, or direction and create a new narrative about their brand. However, changing a company's name is not always effective and can sometimes be viewed as a superficial or cosmetic change if the underlying issues that led to the negative public perception are not addressed.
The correct option is A.
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the firm will make the most profits if it produces the quantity of output at which a. marginal revenue equals total revenue. b. marginal revenue equals marginal cost. c. profit per unit is greatest. d. marginal cost equals average cost.
The firm will make the most profits if it produces the quantity of output at which marginal revenue equals marginal cost.
At the point where the firm produces the quantity of output where marginal revenue equals marginal cost, it is maximizing its profits because it is producing the optimal level of output where the revenue generated from selling an additional unit is equal to the cost of producing that unit. This is known as the profit-maximizing level of output. While options (a), (c), and (d) are important considerations for firms, they do not directly determine the profit-maximizing level.
Hence ,The firm will make the most profits if it produces the quantity of output at which b. marginal revenue equals marginal cost. This is because at this point, the firm maximizes the difference between total revenue and total cost, leading to the highest possible profit.
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The amount of accounts receivable shown on the pro forma balance sheet is typically drawn from the
a. cash budget
b, inventory purchases budget
c. selling and adminisrative expense budget
d. sales budget
The amount of accounts receivable shown on the pro forma balance sheet is typically drawn from the option d. i.e. Sales budget.
A balance sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time. Accounts receivable is an asset representing the amounts owed to a business by its customers for goods or services provided on credit.
In order to determine the amount of accounts receivable shown on the pro forma balance sheet, you need to refer to the sales budget. The sales budget is a financial projection that outlines the anticipated sales revenues and credit terms for a specific period. This budget is used to estimate the amount of cash inflows and credit sales, which directly impacts the accounts receivable.
1. Review the sales budget to identify the total credit sales for the period.
2. Determine the company's credit terms and the percentage of sales made on credit.
3. Calculate the accounts receivable balance by multiplying the total credit sales by the percentage of sales made on credit.
4. Include the calculated accounts receivable balance in the pro forma balance sheet as an asset.
By following these steps, you can accurately estimate the amount of accounts receivable shown on the pro forma balance sheet using the sales budget as your primary source of information.
Therefore, option D is the right answer.
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Assume that the market for a good is in equilibrium at a price of $20 and a quantity of 100 units. After the government imposes a $5 per-unit excise tax on the good, the price that buyers pay for the good increases by $3. Which of the following are possible values for the government tax revenue and deadweight loss in the market?
Therefore, the possible value for the government tax revenue can be $5 x (less than 100 units).
When the government imposes a $5 per-unit excise tax on a good, the price that buyers pay for the good increases by $3.
This means that the new equilibrium price of the good will be $20+$5+$3=$28, and the new equilibrium quantity will be less than 100 units.
The government tax revenue will be equal to the tax amount per unit ($5) multiplied by the new equilibrium quantity.
The deadweight loss will depend on the size of the tax and the elasticity of demand and supply in the market. Without knowing more information about these variables, it is impossible to calculate an exact value for the deadweight loss.
Therefore, the possible value for the government tax revenue can be calculated as:
Government tax revenue = tax amount per unit x new equilibrium quantity
= $5 x (less than 100 units)
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what is the value of a call option if the underlying stock price is $131, the strike price is $120, the underlying stock volatility is 42 percent, and the risk-free rate is 6.2 percent? assume the option has 134 days to expiration. (use 365 days in a year. do not round intermediate calculations. round your answer to 2 decimal places.)
The value of the call option with the given parameters is $19.95.
To calculate the value of the call option, we can use the Black-Scholes option pricing model. The formula for the value of a call option is:
C = S*N(d1) - X*e^(-rt)*N(d2)
where:
S = underlying stock price = $131
X = strike price = $120
r = risk-free rate = 6.2% = 0.062
t = time to expiration = 134/365 = 0.367
N(d1) and N(d2) are cumulative normal distributions of the standard normal variable, d1 and d2, respectively.
To calculate d1 and d2, we need to use the following formulas:
d1 = [ln(S/X) + (r + σ^2/2)*t] / (σ*sqrt(t))
d2 = d1 - σ*sqrt(t)
where:
σ = underlying stock volatility = 42% = 0.42
Substituting the values in the formulas, we get:
d1 = [ln(131/120) + (0.062 + 0.42^2/2)*0.367] / (0.42*sqrt(0.367)) = 0.883
d2 = 0.883 - 0.42*sqrt(0.367) = 0.600
Using a standard normal distribution table or calculator, we can find that N(d1) = 0.8106 and N(d2) = 0.7251.
Substituting all the values in the formula for the value of the call option, we get:
C = 131*0.8106 - 120*e^(-0.062*0.367)*0.7251 = $19.95
Therefore, the value of the call option with the given parameters is $19.95.
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intel is thinking about introducing a new line of chips. based on intel's analysis, it estimates the cash flows (in millions) from the new line of chips would be as follows:year 0: -15year 1: 1year 2: 2year 3: 6year 4: 7year 5: 6intel has a cost of capital of 7%. what is the npv of this project?(enter your answer in millions. i.e. 5.5 million, not 5,500,000)
The NPV of the project would be approximately $3.14 million.
NPV = -15 + 1/(1 + 0.07) + 2/(1 + 0.07)² + 6/(1 + 0.07)³ + 7/(1 + 0.07)⁴ + 6/(1 + 0.07)⁵
PV Factor is calculated as 1/(1 + 0.07)ⁿ
We get
PV Factor 7% = 1/(1 + 0.07)ⁿ
Where, n is the year
For year 0, n = 0.
Hence, PV Factor = 1
For year 1, n = 1.
Hence, PV Factor = 1/(1 + 0.07) = 0.935
For year 2, n = 2.
Hence, PV Factor = 1/(1 + 0.07)² = 0.873
For year 3, n = 3.
Hence, PV Factor = 1/(1 + 0.07)³ = 0.8
For year 4, n = 4.
Hence, PV Factor = 1/(1 + 0.07)⁴ = 0.763
For year 5, n = 5.
Hence, PV Factor = 1/(1 + 0.07)⁵ = 0.713
Now, let's calculate the NPV by substituting the PV Factor and cash flow values:
NVP = -15 + 1(0.935) + 2(0.873) + 6(0.816) + 7(0.763) + 6(0.713)≈ $3.14 million
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True Of False Everything Else Held Constant, If The Tax-Exempt Status Of Municipal Bonds Were Eliminated, Then The Interest
True or False: Everything else held constant, if the tax-exempt status of municipal bonds were eliminated, then the interest rate on municipal bonds would increase to compensate for the loss of the tax exemption.
True. The tax-exempt status of municipal bonds makes them more attractive to investors because the interest income earned on these bonds is exempt from federal income tax and, in some cases, state and local income taxes as well. If this tax exemption were eliminated, investors would demand a higher interest rate on municipal bonds to compensate for the loss of the tax benefits. This would increase the cost of borrowing for municipalities and other issuers of municipal bonds, which could reduce their willingness or ability to undertake capital projects or infrastructure improvements.
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cliff is a member of dental clinic, llc. cliff can participate in the firm’s management to
As a member of Dental Clinic, LLC, Cliff has the opportunity to participate in the management of the firm. This means that Cliff can have a say in the decisions that are made about the operations and direction of the clinic.
As a member of Dental Clinic, LLC, Cliff's ability to participate in the firm's management will depend on the provisions outlined in the operating agreement or partnership agreement. These agreements establish the rights, responsibilities, and decision-making authority of the members in the company.
In a limited liability company (LLC), members typically have the flexibility to participate in the management of the company according to the terms set forth in the operating agreement. The operating agreement may grant certain members, including Cliff, the authority to make decisions, vote on important matters, and participate in the day-to-day operations of the dental clinic.
However, the extent of Cliff's participation in the management will ultimately depend on the specific provisions of the operating agreement. It is possible that the operating agreement may designate certain members as managers with full authority, while others may have limited participation rights. The agreement may outline the decision-making processes, voting rights, and responsibilities of the members.
Therefore, to determine the extent to which Cliff can participate in the firm's management, it is necessary to review the operating agreement or partnership agreement that governs the operations of Dental Clinic, LLC. The agreement will provide clarity on Cliff's role, authority, and involvement in the management of the dental clinic.
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a fruits and vegetables distributor uses 800 crates per month at a cost of $10 per crate. the manager estimates the annual holding costs at 35% of the purchasing cost and the order costs at $28. she currently places an order once a month. what is the actual total annual cost of this item? (do not use eoq for this question, use the quantity they order every month)-5 calculate the eoq.-5 how much could the company save each year if they use the eoq?-5
A fruits and vegetables distributor uses 800 crates per month at a cost of $10 per crate. The manager estimates the annual holding costs at 35% of the purchasing cost and the order costs at $28. She currently places an order once a month.
The actual total annual fee of this object is $129,936. Rounded to the closest whole range, the EOQ is approximately 210 crates. Therefore, the agency ought to store approximately $94,630.29 each year by means of using the EOQ.
To calculate the actual total annual price of the object, we want to recall the ordering price, conserving cost, and the cost of the crates themselves.
Given:
Crates used according to month = 800
Cost consistent with crate = $10
Annual retaining cost = 35% of the buying fee
Order price = $28
Orders placed per yr = 12 (once a month)
Calculating the annual ordering cost:
Annual ordering cost = Order value * Orders located consistent with yr
Annual ordering price = $28 * 12 = $336
Calculating the once-a-year keeping value:
Annual holding cost = Annual purchasing value * Holding fee rate
Annual shopping price = Crates used in line with month * Cost consistent with crate * 12
Annual buying price = 800 * $10 * 12 = $96,000
Annual retaining value = $96,000 * 0.35 = $33,600
Calculating the annual fee of the item:
Annual cost = Annual ordering price + Annual keeping fee + Annual shopping cost
Annual value = $336 + $33,600 + $906,000 = $129,936
Therefore, the actual total annual fee of this object is $129,936.
Now, permits calculate the Economic Order Quantity (EOQ). The EOQ system is:
Given:
Annual demand = Crates used in keeping with month * 12 = 800 * 12 = 9,600
Ordering cost = $28
Holding price = 35% of the purchasing price = 0.35 * $10 = $3.50
[tex]EOQ = \sqrt{(2 * Annual demand * Ordering cost) / Holding cost}[/tex]
Calculating the EOQ:
[tex]EOQ =\sqrt{ (2 * 9,600 * 28) / 3.50}[/tex]
[tex]EOQ = \sqrt{[(2 * 268,800) / 3.50]}[/tex]
[tex]EOQ = \sqrt{√(153,600 / 3.50)}[/tex]
[tex]EOQ =\sqrt{43,885.71}[/tex]
EOQ ≈ 209.53
Rounded to the closest whole range, the EOQ is approximately 210 crates.
To calculate how a whole lot the corporation ought to shop every year by using the EOQ, we want to compare the full annual cost using the EOQ with the actual total annual value.
Using the EOQ, the yearly value might be calculated as follows:
Annual ordering cost (EOQ) = $28 * (Annual call for / EOQ)
Annual ordering fee (EOQ) = $28 * (9600 / 210) ≈ $1,285.71
Annual retaining fee (EOQ) = Annual purchasing cost (EOQ) * Holding fee rate
Annual purchasing fee (EOQ) = EOQ * Cost in keeping with crate * 12
Annual buying price (EOQ) = 210 * $10 * 12 = $25,200
Annual keeping fee (EOQ) = $25,200 * 0.35 = $8,820
Total annual cost (EOQ) = Annual ordering price (EOQ) + Annual preserving cost (EOQ) + Annual buying value (EOQ)
Total annual cost (EOQ) = $1,285.71 + $8,820 + $25,200 = $35,305.71
The employer may want to save every year through the use of the EOQ:
Annual financial savings = Actual total annual price - Total annual value (EOQ)
Annual savings = $129,936 - $35,305.71 ≈ $94,630.29
Therefore, the agency ought to store approximately $94,630.29 each year by means of using the EOQ.
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sells subscriptions for for months. the company collects cash in advance and then subscribers have access to unlimited movies each month. apply the revenue recognition principle to determine a. when should record revenue for this situation. b. the amount of revenue should record for months. question content area bottom part 1 a. cinema king should record revenue when the customer. part 2 b. for seven months, cinema king should record revenue of
The revenue recognition principle is an accounting standard that guides companies on when to record revenue in their financial statements. In this scenario, Cinema King sells subscriptions for four months, where customers pay in advance for access to unlimited movies each month.
Here's how the revenue recognition principle should be applied to determine when and how much revenue should be recorded:
Part 1a: Cinema King should record revenue when the customer has access to the unlimited movies. In other words, revenue should be recognized as the service is being provided to the customer. This means that Cinema King should record revenue for each month as the customer is enjoying the unlimited movies.
Part 2b: For seven months, Cinema King should record revenue of the total subscription fee collected from the customer. This means that if a customer pays $100 for a four-month subscription, Cinema King should recognize revenue of $700 for seven months, which is the total subscription fee collected from the customer over the seven months.In summary, Cinema King should apply the revenue recognition principle by recognizing revenue for each month as the customer is enjoying the unlimited movies. For the entire subscription period, Cinema King should record revenue of the total subscription fee collected from the customer.
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formulate an all-integer linear programming model to find the required number of tickets produced by each machine in order to minimize the production cost. what is the optimal objective value?
An all-integer linear programming model to find the required number of tickets produced by each machine in order to minimize the production cost can be formulated as follows: Maximize z = Σm Σk m * x_{mk}
The first constraint ensures that the total production cost does not exceed the maximum production cost of any machine, which is r_m. The second constraint ensures that the production cost of each ticket does not exceed the variable cost of producing one ticket on each machine, which is p_k.
Subject to: Σm Σk m * x_{mk} <= r_m
Σm Σk m * x_{mk} - p_k * x_{mk} <= 0
x_{mk} \in {0, 1}
m = 1, 2, ..., M
k = 1, 2, ..., K
here:
z is the production cost, which is the sum of the production costs of all the machines
r_m is the fixed cost of machine m
p_k is the variable cost of producing one ticket on machine k
x_{mk} is the decision variable, which indicates whether machine m produces one ticket or not on machine k
M and K are the number of machines and the number of tickets produced, respectively.
The objective function: Σm Σk m * x_{mk} <= r_m maximizes the production cost, which is equivalent to minimizing the cost of producing the required number of tickets. The binary decision variables x_{mk} indicate whether machine m produces one ticket or not on machine k. These variables can be solved using the simplex method or any other integer programming algorithm. The optimal objective value is the minimum production cost, which is the minimum value of z.
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when a company determines a competency's competitive advantage, barney refers to this issue as
Barney refers to the issue of a company determining a competency's competitive advantage as a "resource-based view" (RBV).
In the field of strategic management, the resource-based view (RBV) is a theory developed by Jay Barney that highlights the importance of a firm's internal resources and capabilities as sources of sustained competitive advantage. When a company determines a competency's competitive advantage, it means that it has identified a resource or capability that gives it an edge over its rivals. Barney argues that such advantages arise from resources that are valuable, rare, difficult to imitate, and non-substitutable.
By leveraging such resources, a firm can outperform its competitors over the long term. Therefore, identifying and developing core competencies that meet the above criteria is crucial for a company's success in today's hyper-competitive business environment.
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contractionary fiscal policy is so named because it multiple choice is aimed at reducing aggregate demand and thus achieving price stability. is expressly designed to expand real gdp. necessarily reduces the size of government. involves a contraction of the nation's money supply.
Contrationary fiscal policy is so named because it is designed to reduce aggregate demand in the economy.
This is done by decreasing government spending, increasing taxes, or a combination of both. The purpose of this policy is to achieve price stability by reducing the level of demand and thus decreasing inflationary pressures in the economy. It is important to note that this policy is not designed to expand real GDP, but rather to prevent the economy from overheating. Additionally, the policy does not necessarily mean a reduction in the size of government, but rather a reduction in government spending. Lastly, it does not involve a contraction of the nation's money supply, but rather a decrease in spending by the government. Overall, contractionary fiscal policy is an important tool for policymakers to use in order to maintain price stability and prevent inflation from getting out of control.
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parent company nationals who are sent to work at a foreign subsidiary are known as
Parent company nationals who are sent to work at a foreign subsidiary are known as expatriates. These employees are typically chosen for their expertise and experience in the parent company's operations, and are sent to the foreign subsidiary to help manage and oversee its operations.
Expatriates face a number of challenges when working in a foreign country. They must adapt to a new culture and language, and navigate the complexities of doing business in a different legal and regulatory environment. They may also experience homesickness and culture shock, and may struggle to maintain relationships with friends and family back home.To help expatriates adjust to their new surroundings, many companies provide support services such as language classes, cultural training, and assistance with housing and transportation. These services can help expatriates feel more comfortable and confident in their new environment, and can also help them be more effective in their jobs.Overall, expatriates play an important role in helping parent companies expand and manage their global operations. By bringing their expertise and experience to foreign subsidiaries, they can help ensure that these operations are successful and profitable in the long term.
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competitiveness doesn't include: effectiveness.operations management.profitability.operations strategy.productivity.
Competitiveness does not include operations management. However, it is important to provide a detailed answer to explain why the other options listed are actually part of competitiveness.
Effectiveness, profitability, operations strategy, and productivity are all critical components of competitiveness. Effectiveness refers to the ability to achieve desired outcomes, which is essential for competing in any industry. Profitability is important because it allows businesses to reinvest in themselves and grow, while also attracting investors and customers. Operations strategy is necessary for optimizing processes and ensuring that resources are being used efficiently. Finally, productivity is a measure of how efficiently resources are being used to generate output, which is crucial for staying competitive in a global marketplace.
Therefore, while competitiveness does not include operations management, it does involve a wide range of other factors that are all crucial for achieving success in today's business environment.
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Receivers are far more likely to accept negative news when you show that the decision was
a Fair
b Impartial
c Rational
d All answer choices are correct.
When delivering negative news, receivers are more likely to accept it if the decision is shown to be fair, impartial, and rational.
Human especially if it involves personal consequences. However, research suggests that the way negative news is delivered can affect how it is received. One of the most effective ways to increase the likelihood of acceptance is to demonstrate that the decision-making process was fair, impartial, and rational.
Fairness refers to the perception that the decision was made based on objective criteria that were applied equally to all parties involved. This means that the decision was not influenced by personal biases, favoritism, or discrimination. When people perceive that a decision was fair, they are more likely to accept it, even if they do not necessarily agree with it.
Impartiality refers to the perception that the decision-maker did not have a personal stake in the outcome and did not favor one party over another. This means that the decision was based on objective criteria rather than personal interests or relationships. When people perceive that a decision was impartial, they are more likely to accept it as a legitimate outcome of the decision-making process.
Rationality refers to the perception that the decision was based on logical reasoning and sound judgment. This means that the decision-maker considered all relevant information and evaluated the options carefully before making a decision. When people perceive that a decision was rational, they are more likely to accept it as a reasonable and justifiable outcome of the decision-making process.
In conclusion, when delivering negative news, it is important to demonstrate that the decision-making process was fair, impartial, and rational. This can help to increase the likelihood of acceptance and minimize resistance or pushback from the receiver.
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due to audience fragmentation, advertising on broadcast networks has become more cost-effective.
T/F
what are the two main types of clinical decision support systems?
The two main types of support systems are knowledge-based systems and non-knowledge-based systems.
Knowledge-based systems rely on a pre-existing knowledge base or rules to provide suggestions or alerts to healthcare providers, while non-knowledge-based systems use machine learning and other data-driven approaches to make clinical recommendations. These systems are designed to assist healthcare providers in making informed decisions about patient care and improving overall patient outcomes.
The two main types of clinical decision support systems are knowledge-based systems and non-knowledge-based systems. Knowledge-based systems use a set of rules and algorithms derived from existing clinical knowledge, while non-knowledge-based systems utilize artificial intelligence techniques, such as machine learning, to analyze data and make clinical decisions. Both types aim to assist healthcare professionals in making more informed and accurate clinical decisions.
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