A consultation company has two alternatives under consideration. Alternative X has a first cost of $100,000, annual M&O costs of $50,000, and a $20,000 salvage value after 5 years. Alternative Y has a first cost of $175,000 and a $40,000 salvage value after 5 years, but its annual M&O costs are not known. Determine the M&O costs for alternative Y that would yield an incremental rate of return of 20% per year.
Answers
The M&O costs for Alternative Y that would yield an incremental rate of return of 20% per year is $33,401.50.
The incremental rate of return, which is the return obtained by selecting one alternative over the other, is an essential aspect of a capital investment decision. When choosing between alternatives, this approach is frequently used to determine the superior one.
The following steps may be used to calculate the M&O costs for Alternative Y, which would yield an incremental rate of return of 20% per year:
Step 1: The initial investment in both alternatives is calculated .The initial cost of alternative X is $100,000, and its salvage value after five years is $20,000. So, the total depreciation for this alternative is $80,000.
As a result, the book value at the end of year five is zero. The initial cost of alternative Y is $175,000, and its salvage value after five years is $40,000. As a result, the total depreciation for this alternative is $135,000, and the book value at the end of year five is $40,000.
Step 2: The annual cash inflows of each alternative are calculated. Alternative X generates a cash inflow of $20,000 in year five when it is sold. The annual cash outflow, including maintenance and operating costs, is $50,000, which remains constant throughout the life of the project.
Alternative Y's annual cash inflows are unknown but can be calculated using the following formula:
Annual cash inflows = Initial investment - Salvage value / Annuity factor for 5 years at 20%
Step 3: Calculate the annuity factor for five years at 20 percent. The annuity factor for five years at 20 percent is 3.605.
Step 4: Calculate the annual cash inflows for Alternative Y. The annual cash inflows for Alternative Y can be calculated using the following formula :Annual cash inflows = $175,000 - $40,000 / 3.605 = $40,834
Step 5: Determine the incremental rate of return .The incremental rate of return for Alternative Y over Alternative X can be calculated using the following formula:
Incremental rate of return = (Annual cash inflows for Alternative Y - Annual cash outflows for Alternative X) / Initial investment for Alternative X Incremental rate of return = ($40,834 - $50,000) / $100,000 = -0.0917 or -9.17%
Step 6: Determine the M&O costs for Alternative Y that would yield an incremental rate of return of 20% per year. The M&O costs for Alternative Y that would yield an incremental rate of return of 20% per year can be calculated using the following formula: Annual cash inflows = Initial investment - Salvage value / Annuity factor for 5 years at 20%$40,834 = $175,000 - Salvage value / 3.605 Salvage value = $40,834 * 3.605 - $175,000 = $27,235 Annual cash outflows = Annual cash inflows - Incremental rate of return * Initial investment$50,000 = $40,834 - 20% * $175,000 + $27,235
Therefore, the M&O costs for Alternative Y that would yield an incremental rate of return of 20% per year is $33,401.50.
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Related Questions
your pharmacy pays $12.50 for a 1,000-count stock bottle of atenolol 50 mg tablets. how much does the pharmacy pay per tablet?
Answers
$0.01. Pharmacy pays $12.50 for a 1,000-count stock bottle of atenolol of 50 mg tablets. So, the pharmacy pay per tablet is $0.01.
Pharmacy is the science and practice of discovering, manufacturing, preparing, dispensing, testing and monitoring pharmaceuticals with the aim of ensuring their safe, effective and affordable use. It is a mixed science that combines health science with pharmaceutical and natural sciences.
As most medicines are now manufactured by the pharmaceutical industry, professional practice is becoming increasingly clinically oriented. Depending on the setup, pharmacy operations are classified as either community pharmacies or institutional pharmacies. Direct patient care in the institutional pharmacy community is considered clinical pharmacy.
The scope of pharmacy work includes more traditional roles such as assembling and dispensing medicines. It also includes modern services related to healthcare, such as clinical services, drug safety and efficacy testing, and drug information provision.
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g what is a difference between passive and actively managed funds? question 18 options: active portfolios try to add value. passive portfolios try to add value. index mutual funds are active investments.
Answers
The difference between passive and actively managed funds is active portfolios try to add value.
In essence, actively managed funds have investment managers or management teams that select companies or assets they anticipate will exceed their benchmark or otherwise add value to the total portfolio. Instead of having managers choosing investments, passively managed funds follow an index. Investors should be aware of the advantages and disadvantages of each of those strategies.
If transactions are made more frequently, actively managed funds may become more expensive. Additionally, frequent trading may have tax repercussions. But if the index has a lot of turnover, the fund will too, therefore high turnover may potentially be a factor for passively managed funds.
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The point at which birth and death rates balance is called
A Census growth
B Balancing growth
C zero population growth
Answers
Answer:
B balancing growth
Explanation:
Why do custom-built, homegrown, and/or investigational technologies pose the greatest risk to research participants?
Answers
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Physical risks include discomfort, pain, injury, illness, or disease caused by the research methods and procedures. Physical stimuli such as noise, shock, heat, cold, electric gravitational or gravitational fields, and so on can all pose a physical risk.
What are research risks?Greater-than-minimal risk determinations are derived from the definition of minimal risk. Risk in research can refer to the chances that individuals are willing to take in order to achieve a specific goal; or Situational hazards.
A quantitative risk analysis is founded on evidence. It assigns numerical values to risks based on quantifiable data such as costs, logistics, completion time, and staff sick days, among other factors. After a qualitative risk analysis, you'll usually conduct one to further assess the highest priority risks.
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Natasha makes on online purchase of 3 hard cover books for $19. 95 each and 1 book on tape for $17. 43. The site says that taxes paid by the customer are 7. 25% of the total purchase price. Shipping charges are based on the following table: Amount of Purchase Standard Shipping Express Shipping up to $50 $5. 10 $7. 00 $50 up to $100 $6. 35 $8. 20 $100 up to $200 $7. 80 $11. 60 $200 and over $10. 50 $16. 45 Natasha selects standard shipping for her purchase and the company bills her credit card $91. 08 for the total of the online purchase. Determine if Natasha has been billed correctly for her purchase. A. Natasha has been billed correctly. B. Natasha has not been charged enough for her purchase. C. Natasha has been over charged by $1. 85 for her purchase. D. Natasha has been over charged by $8. 20 for her purchase.
Answers
Natasha has been overcharged by $1.85 for her purchase. The answer is Option C.
To determine if Natasha has been billed correctly for her purchase, we need to calculate the total cost including taxes and shipping charges. The cost of the books is $19.95 each for three hardcover books and $17.43 for one book on tape, resulting in a subtotal of $77.28. The tax on the total purchase price is 7.25% of $77.28, which is approximately $5.60.
Next, we look at the shipping charges based on the table provided. Since the total purchase amount falls within the $50 up to $100 range, the standard shipping charge is $6.35. Adding the subtotal, tax, and shipping charge, we get $89.23. Therefore, Natasha has been overcharged by $1.85 since the company billed her credit card $91.08 for the total online purchase. The correct amount should be $89.23. Natasha has been overcharged by $1.85 for her purchase.
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anybody can help with this too ??
Answers
Answer:
1. The three types of business mentioned are – Manufacturing, Retail store and School
2. She means that whenever there is loss both Ashley’s father and aunt get tensed.
3. They sell their product on sale to increase the revenue
4. Sale is better than having no sale at all as it caters the immediate financial requirement without ant further invetsment
Explanation:
1. The three types of business mentioned are – Manufacturing, Retail store and School
2. She means that whenever there is loss both Ashley’s father and aunt get tensed.
3. They sell their product on sale to increase the revenue
4. Sale is better than having no sale at all as it caters the immediate financial requirement without ant further invetsment
An account is a record in an accounting system that tracks the financial activities of a business.
Briefly describe (1) types of accounts (2) the manner in which an account is increased and decreased and (3) its normal balance.
Answers
Accounting is a complex system that requires the recording of financial activities in accounts. Accounts can be classified into three categories, and each account has a normal balance that reflects its nature. Accounts can be increased or decreased depending on the transaction that they record.
1) Types of Accounts :Accounts can be broadly classified into three categories, namely, Personal, Real, and Nominal Accounts.Personal accounts record transactions relating to individuals or organizations. They can be further divided into three categories, namely Natural, Artificial, and Representative.Real accounts keep a record of assets and liabilities, such as cash, inventory, buildings, and land. The balance of these accounts reflects the real value of the assets and liabilities represented by them.
Nominal accounts include all accounts that record expenses, income, gains, and losses. These accounts record transactions related to expenses, income, gains, and losses. The balance of these accounts reflects the net income or loss of the company.2) Manner in which an Account is Increased and DecreasedAn account can be increased or decreased depending on the nature of the transaction that it records. The account is debited when it records an increase in the value of an asset, expense, or loss, or a decrease in the value of a liability, equity, or income.
The account is credited when it records a decrease in the value of an asset, expense, or loss, or an increase in the value of a liability, equity, or income.3) Normal Balance of an AccountThe normal balance of an account refers to the balance that an account holds under normal circumstances. The normal balance of a real account is a debit balance, while the normal balance of a nominal account is a credit balance. The normal balance of a personal account depends on whether the account represents an asset or a liability. If it represents an asset, it has a debit balance, while if it represents a liability, it has a credit balance.In conclusion, accounting is a complex system that requires the recording of financial activities in accounts. Accounts can be classified into three categories, and each account has a normal balance that reflects its nature. Accounts can be increased or decreased depending on the transaction that they record.
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Question 1: [38 marks]
Below is the Ledger of Timothy Kingfisher for January 2022
DR
Capital
30,000 5/1/2022
CR
30,000
Closing balance / c/d
Bank
Total
30,000
Total
Opening Bal/b/a
30,000
30,000
DR
5/1/2022
Capital
Closing Bal/c/d
30,000
3,000
Bank
6/1/2022 Purchases
8/1/2022 Computer
10/1/2022 Office equipment
CR
20,000
1,000
12,000
Total
30,000
Total
Opening Bal/b/a
30,000
3,000
DR
6/1/2022
Bank
Purchases
20,000
Closing Bal/c/a
CR
20,000
Total
20,000
Opening Bal/b/d
20,000 Total
20,000
Computer
1,000
DR
8/1/2022
CR
Bank
Closing Bal/c/a
1,000
Answers
1. The transactions relating to the ledger postings above for Timothy Kingfisher for January 2022 are as follows:
Jan. 5 Bank $30,000 Capital $30,000
Jan. 6 Purchases $20,000 Bank $20,000
Jan. 8 Computer $1,000 Bank $1,000
Jan. 10 Office Equipment $12,000 Bank $12,000
Jan. 25 Mr. R.R. Yogo $10,000 Sales Revenue $10,000
2. Journalizing the entries of the January transactions for Timothy Kingfisher is as follows:
Jan. 5 Debit Bank $30,000
Credit Capital $30,000
Jan. 6 Debit Purchases $20,000
Credit Bank $20,000
Jan. 8 Debit Computer $1,000
Credit Bank $1,000
Jan. 10 Debit Office Equipment $12,000
Credit Bank $12,000
Jan. 25 Debit Mr. R.R. Yogo $10,000
Credit Sales Revenue $10,000
3. An email, advising the owner of the business based on the evidence from the balances in the T accounts is as follows:
April 12, 2022
From: Financial Controller
To: Managing Director, CEO
Subject: Maintaining Positive Bank Balances
The above subject refers.
There is a need to plan cash expenses to match with cash inflows, using a Cash Budget.
For example, the Office Equipment that made the business overdraw its account with the bank could have been negotiated as a credit transaction.
Alternatively, an arrangement could have been made with the bank on overdraft facilities to help avoid unnecessary bank charges and penalties.
Regards,
4. The balance on the Bank T-account on January 9, 2022, would have been $9,000 ($30,000 - $20,000 - $1,000). This is the bank balance before the purchase of Office Equipment on January 10, 2022.
Question Completion:1. Write down the transactions relating to the ledger postings above.
2. Journalize the entries.
3. Using an email format, advise the owner of the business drawing on evidence from the balances in the T accounts.
4. What would the balance be on the Bank T-account as of 9th January 2022. Show workings.
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If nominal GDP rises from $2,000 to $3,000 while CPI rises from 1 to 1.2 in the same period, find the percentage change in real GDP.
Answers
Answer:
80%
Explanation:
Initial nominal GDP = $ 2000
Initial CPI = 1
Therefore, real GDP can be calculated by :
Real GDP = \($\frac{\text{nominal GDP}}{CPI / 100}$\)
\($=\frac{2000}{1/100}$\)
= $ 200,000
Final nominal GDP = $ 2000
Final CPI = 1
Therefore, real GDP can be calculated by :
Real GDP = \($\frac{\text{nominal GDP}}{CPI / 100}$\)
\($=\frac{3000}{1.2/100}$\)
= $ 250,000
Therefore, percentage change in the real GDP is :
\($= \frac{200000}{250000}\times 100$\)
= 80%
suppose you are consuming two goods, a and b. your marginal utility from good a is 22 while your marginal utility from good b is 4. in addition, good a costs $11.00 each and good b costs $2.25 each. a. according to the utility-maximizing rule, you are not maximizing your total utility . b. you should consume:
Answers
According to the utility-maximizing rule, one is not maximizing their total utility. They should consume more of goods A and less of goods B.
What is the explanation for the above result?Remember that when the marginal utility gained from the final dollar spent on both commodities is equal, overall satisfaction is maximized.
Mu/good price = marginal utility per dollar
Note that MU Per dollar of good A = 22/ 2
Hence given us: 2 Utils.
Mu per dollar of goods B on the other hand is:
4/2.25
= 1.77 Utils.
Since Good A provides more utility, from a rational point of view, more of Good A should be consumed and less of good B.
In economics, utility is defined as the enjoyment or value gained from using a thing. The marginal utility of an item or service reflects how much pleasure or satisfaction customers acquire as a result of a one-unit increase or reduction in consumption.
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Which of the following is true about bonds?
A. The bond rating being changed from BBB+ to B would result in a lower required yield
B. The primary advantage to municipal bonds is that interest income received is not taxed by the federal government
C. Interest from mortgage bonds are not taxed by the Federal Government.
D. Spread to treasuries measures the difference between the coupon rate paid by a bond and the coupon rate paid by risk free security with the comparable maturity
E. Only bonds issued in the primary market are subject to prepayment risk
Answers
Answer:
B. The primary advantage to municipal bonds is that interest income received is not taxed by the federal government.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.
A municipal bond can be defined as a type of bond that is typically issued by a municipality, county, local government or state in order to finance or sponsor capital expenditures for the public such as water supply, construction of roads, etc.
Hence, the primary advantage to municipal bonds is that interest income received on this type of bond is not taxed by the federal government.
Income received by households through the lending of their money to corporations and business firms is an example of
income.
Answers
Answer:
Interest / Dividend Income
Explanation:
Answer:
Answer for EDGE is C or Interest
Explanation:
The flow of costs through manufacturing accounts is basically the same for job-order costing and process costing.1. True2. False
Answers
Answer: 1. True
Explanation:
Click this link to view the OOH educational information for Roofers. According to the OOH, what are some educational, training, certification, or licensing options required or helpful for Roofers? Check all that apply. bachelor’s degrees on-the-job training apprenticeships high-school biology, chemistry, and physics classes high-school math, shop, mechanical drawing, and blueprint-reading classes an associate degree specializing in writing
Answers
Answer:
2,3,5
Explanation:
I had the same thing and got it right (one wrong)
Answer:
2 3 5
Explanation:
You have decided that this university life is not for you. instead, you have decided to go into the business of selling fluffs. you decide to operate the business as a corporation, fluff, inc. on january 1, 20y1 you begin with $30,000 cash; $20,000 of the money is yours and $10,000 is borrowed from your uncle mike. for the $20,000 of yours, you issue yourself 100 shares of common stock. for the $10,000 borrowed from your uncle, you sign a note agreeing to pay back that amount on december 31, 20y4 and you will pay interest at 10% at the end of each year. on january 1, 20y1, you bought 8 fluffs for $3,000 each. during the year you sold 5 fluffs for $7,000 each. you also paid a security deposit of $2,000, advertising expense of $4,200 and 12 months' rent of $10,800. in addition to the cash you invested on january 1st, on august 1 st you also invest a piece of land that you own into the business that is worth $40,000 in exchange for 200 more shares of stock. you pay the first year's interest to uncle mike of $1,000 on december 31 of 20y1. your tax rate is 30% of your income before taxes and you paid 50 % of these taxes this year and will pay the rest in 20y2. so how did you do?
Answers
Fluff, Inc. incurred a net loss of $7,000 in 20Y1. It is essential to evaluate your business strategies and consider potential improvements to increase revenue and profitability in the upcoming years.
In your first year of operating Fluff, Inc., you started with a total capital of $30,000, with $20,000 from your personal investment (100 shares of common stock) and a $10,000 loan from Uncle Mike. You purchased 8 fluffs for $3,000 each, costing you a total of $24,000. You sold 5 fluffs at $7,000 each, generating a revenue of $35,000.
You had additional expenses such as a security deposit ($2,000), advertising ($4,200), rent ($10,800), and interest payment to Uncle Mike ($1,000). In August, you further invested a piece of land worth $40,000 for 200 more shares of stock.
To calculate your net income before taxes, subtract your total expenses from the revenue:
$35,000 - ($24,000 + $2,000 + $4,200 + $10,800 + $1,000) = $35,000 - $42,000 = -$7,000.
Since your income before taxes is negative, you have no taxes to pay this year.
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Markets for individuals looking to buy products or services for personal or household use are called _____.
Answers
When an individual wants to buy goods and services for personal or household use, they can go to a Consumer Market.
What is a consumer market?This is a market where final goods and services are sold to consumers for their personal or household use.
Such a market includes all those who sell directly to consumers such as retailers, and food markets.
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How does saving compare to savings?
Answers
A savings account is a bank account that allows you to set money aside and earn interest in the process. Some savings accounts pay a lower interest rate while other savings accounts offer higher interest rates that can actually help you grow your money.
Fixed costs are _____.
a. the costs related to the product that have to be paid regardless of the amount you sell
b. the costs that change depending on a company's performance
c. the costs resulting from a business owner's choice when selecting one thing over another and how it will impact the business
d. none of the above
20 POINTS HURRY PLZZZ
Answers
Answer:
d. none of the above
Explanation:
Fixed costs are a firm's expenses that remain constant in a financial period. These are the costs that are not affected by the level or quantity of output. Fixed costs are the costs of staying in business because they have to be paid regardless of output level. Examples of fixed costs include rent, administrative salaries, insurance, depreciation, and license fees.
Costs that vary depending on company performance are variable costs. Opportunity costs are the costs resulting from a business owner's choice when selecting one thing over another and how it will impact the business
Answer:
The answer is A. the costs related to the product that have to be paid regardless of the amount you sell
Explanation:
what kinds of things should a business keep in mind when looking for facilities
Answers
The kinds of things should a business keep in mind when looking for facilities are space, location and cost.
“Facilities” are tangible objects built or installed for a specific purpose. Facilities support organizations. Maintenance of buildings, IT infrastructure and services, lighting, furnishings, and premises.
Facilities Management (FM) focuses on how these facilities are managed. It can be defined as a management discipline that ensures effective and efficient support services for various organizations.
It is a function within an organization focused on integrating people, processes, places and technology into existing environments to improve organizational productivity and people's quality of life.
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Situational leadership guldes how which of the following behaviors should be adjusted? Leadership behaviors
Decision behaviors
Task and relationship behaviors
Communication behaviors
Answers
Situational leadership guides how task and relationship behaviors should be adjusted.
Situational leadership is a leadership theory that suggests effective leadership depends on the readiness level of followers. It emphasizes adapting leadership behaviors based on the specific situation and the needs of the individuals being led.
In Situational Leadership, task behaviors and relationship behaviors are two key dimensions of leadership that need to be adjusted based on the readiness level of the followers. Task behaviors refer to the extent to which a leader focuses on setting goals, providing instructions, and monitoring progress. Relationship behaviors, on the other hand, involve building rapport, providing support, and establishing trust with followers.
The specific leadership behaviors, whether they are more task-oriented or relationship-oriented, should be adjusted based on the readiness level of the followers. High readiness level may require a more delegating leadership style with a focus on relationship behaviors, while low readiness level may call for a more directing leadership style with a focus on task behaviors.
Situational leadership guides how task and relationship behaviors should be adjusted to match the readiness level of followers. It emphasizes adapting leadership styles to effectively address the needs and capabilities of individuals in different situations.
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the peterson family is selecting a furniture set. a furniture set has a bed, a desk and a dresser. there are beds, desks, and dresser to select from. how many different furniture sets could they select?
Answers
The number of different furniture sets the Peterson family could select is equal to the product of the number of choices for each piece of furniture. This is known as the counting principle or the multiplication principle.
Let's assume there are B beds to choose from, D desks to choose from, and R dressers to choose from. Then, the number of different furniture sets that the Peterson family can select is B x D x R.
For example, if there are 4 beds to choose from, 5 desks to choose from, and 6 dressers to choose from, then the Peterson family has a total of 4 x 5 x 6 = 120 different furniture sets to choose from.
It's important to note that each piece of furniture is selected independently, so the order in which the furniture is selected does not matter. For example, selecting a bed first and then a desk and dresser is the same as selecting a dresser first, followed by a bed and desk.
In conclusion, the number of different furniture sets the Peterson family can select is the product of the number of choices for each piece of furniture. This principle is useful in many other areas of mathematics, including probability and statistics.
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List qualities a good manager should have. What are the advantages and drawbacks of being in a position of authority?The qualities of a good manager are:The advantages of being a manager are:The drawbacks of being a manager are:
Answers
true or false? regulatory compliance means complying with an organization's own policies, audits, culture, and standards.
Answers
False, Organizational compliance refers to abiding by the rules, procedures, culture, and standards of the organization.
Regulatory compliance—what do you mean?Compliance refers to adhering to a specification, regulation, standard, or legal requirement. The deterrence theory, which states that punishing a behavior would diminish violations by the offender (specific deterrence) and others, has traditionally been used to explain compliance (general deterrence).
What exactly is a company?An organization is a group of individuals working together to achieve predetermined goals. It can be viewed as a social structure that includes all formally recognized human interactions. The organization includes task alignment with respect to the company's ultimate aim and the division of labor among personnel.
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if cathy deposits $12,000 into a bank account that pays 6% interest compounded quarterly, what will the account balance be in seven years? group of answer choices 19,344 18,001 18,207 19,112
Answers
Cathy deposit $12,000 into the bank account that pays 6% interest compounded quarterly then The account balance be in the seven year is 18,207
Interest rate per quarter = 6/4=1.5%
Total quarter= 7*4=28
Future value = deposit * FVF
= 12,000 * 1.517
= 18,207
Compound interest is simply interest that is earned on interest. In a savings account, compound interest is interest that is accrued on both the initial principal and interest that accumulates over time. The starting principal sum is multiplied by both of these variables, and the annual interest rate is increased to the number of compound periods minus one. The full original amount of the loan is then reduced by the resulting value.
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Why is profit maximization supposedly not the most important goal of a company? Explain your answer by citing real life situations
Answers
Answer:
Profit maximization refers to a method adopted by the company to earn more amount of profit through its business operations and investments. Under this, a firm focuses that every decision should contribute profit in the account of the organization.
Explanation:
1. Unit 8 provided several examples of businesses in which pricing plays an essential role in the business's identity. Think of an example of a business in your community whose reputation is also based on an aspect of pricing and explain how pricing forms the identity of the brand.
Answers
Answer:
Examples of businesses in which pricing plays an essential role in the business's identity are;
1) PEP, 2) Market Square, 3) Walmart, 4) Target, 5) Eko Hotel
Shoprite
Pricing forms the the identity of the Shoprite brand because the charges for the items sold are reduced to the lowest minimum, such that customers are attracted to their outlets as a customer can get a wide variety of popular, local, and rear at affordable prices
Explanation:
groups of consumers united by strong connections with a branded product or service are referred to as
Answers
Groups of consumers united by strong connections with a branded product or service are referred to as brand communities.
A brand community is a group of consumers who share a common interest or passion for a particular brand or product. These communities are formed by individuals who have a strong emotional or social connection with the brand and actively engage with it. Brand communities provide a platform for consumers to interact, share experiences, and express their loyalty and affiliation with the brand.
Members of a brand community often participate in activities such as online forums, social media groups, events, and gatherings centered around the brand. They engage in discussions, provide feedback, offer support, and even contribute to the brand's development through their insights and ideas. Brand communities create a sense of belonging and identity among their members, fostering a deeper connection and loyalty toward the brand.
Brands that successfully build and nurture brand communities benefit from increased customer loyalty, advocacy, and a strong brand image. By creating an environment where consumers can connect with each other and with the brand, companies can tap into the power of these communities to drive engagement, brand awareness, and ultimately, business growth.
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Part 1: Recording Entries for Manufacturing
One of the products Al-Can Products, Inc. manufactures for their rest stops are benches. Perform the following tasks to classify and record common manufacturing costs.
The production of the rest stop benches requires the following costs. For each cost, determine how the cost should be classified by placing an X in the appropriate column.
Direct Materials
Direct Labor
Factory Overhead
None
Wages of factory supervisor
Rent of company headquarters
Lumber to manufacture benches
Factory property taxes
Bench inspector wages
Wages for the marketing manager
Cleaning supplies to maintain equipment
Wages of production employees
Stain for the benches
Al-Can Products, Inc. estimates that it will build 5,000 benches next year. For this amount of production, total factory overhead is estimated to be $123,456.00. Estimated direct labor costs for next year are $256,190.00. Calculate the factory overhead applied rate for next year as a percentage of direct labor costs.
Answer:
Answers
The factory overhead applied rate for next year is 48.19% of the estimated direct labor costs.
How do we calculate the factory overhead applied rate for next year?
The factory overhead applied rate is calculated by dividing the total factory overhead by the estimated direct labor costs and expressing the result as a percentage.
So, the formula for factory overhead applied rate is \((Total factory overhead / Estimated direct labor costs) * 100%\)
Plugging in the given values, we get factory overhead applied rate which is:
= ($123,456.00 / $256,190.00) * 100%
= 0.481892346 * 100%
= 48.1892346%
= 48.19%.
Complete and answered question "Al-Can Products, Inc. estimates that it will build 5,000 benches next year. For this amount of production, total factory overhead is estimated to be $123,456.00. Estimated direct labor costs for next year are $256,190.00. Calculate the factory overhead applied rate for next year as a percentage of direct labor costs".
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A machine does 200J of work in 35seconds , calculate the power developed
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The required power developed by the machine is 5.714 Joule per second.
Power generated by a machine is defined as the work done by a machine in a single unit of time.
Power = work/time
Unit of power is joule per second
Here,
A machine does 200J of work in 35seconds
Power generated by the machine is given as,
Power = work/time
Substitute the value in the above equaiton,
Power = 200 / 35
Power = 5.714 J/s
Thus, the required power developed by the machine is 5.714 Joule per second.
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an economic issue related to the marketing environment of a product and a very important factor for the pricing of a product in a new/foreign market is
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An economic issue related to the marketing environment of a product could be the inflation rate in the target market. This can affect the cost of production, distribution, and marketing, ultimately impacting the pricing strategy of the product.
In addition, exchange rates and tariffs can also play a significant role in pricing decisions for products in foreign markets. Companies need to carefully consider these economic factors when entering new markets to ensure they are pricing their products competitively while still maintaining profitability.
Exchange rates have a significant impact on the pricing of products in international markets, as they directly affect the cost of importing and exporting goods, as well as the competitiveness of a product's price in the foreign market. Exchange rates play a crucial role in determining the pricing of a product in a new/foreign market and are an important economic issue to consider when evaluating the marketing environment of a product.
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