sandy bank, incorporated, makes one model of wooden canoe. and, the information for it follows: number of canoes produced and sold 500 700 850 total costs variable costs $ 92,500 $ 129,500 $ 157,250 fixed costs $ 178,500 $ 178,500 $ 178,500 total costs $ 271,000 $ 308,000 $ 335,750 cost per unit variable cost per unit $ 185.00 $ 185.00 $ 185.00 fixed cost per unit 357.00 255.00 210.00 total cost per unit $ 542.00 $ 440.00 $ 395.00 sandy bank sells its canoes for $375 each. required: suppose that sandy bank raises its selling price to $500 per canoe. calculate its new break-even point in units and in sales dollars. if sandy bank sells 1,560 canoes, compute its margin of safety in dollars and as a percentage of sales. (use the new sales price of $500) calculate the number of canoes that sandy bank must sell at $500 each to generate $120,000 profit.
Answers
The new break-even point in units for each scenario is 568 canoes.
The new break-even point in sales dollars for each scenario is $284,000.
The margin of safety for sales of 1,560 canoes at $500 each is $496,000, which represents 64% of sales.
To generate a $120,000 profit, Sandy Bank would need to sell 948 canoes at $500 each.
To calculate the new break-even point in units and in sales dollars after raising the selling price, we need to consider the updated costs and the new selling price. Here's how we can calculate it:
New Break-Even Point in Units:
The break-even point is the number of units that need to be sold to cover all costs. We can calculate it by dividing the total fixed costs by the contribution margin per unit, where the contribution margin is the selling price minus the variable cost per unit.
New Break-Even Point in Units = Total Fixed Costs / Contribution Margin per Unit
For the first scenario:
New Break-Even Point in Units = $178,500 / ($500 - $185) = $178,500 / $315 = 567.14
For the second scenario:
New Break-Even Point in Units = $178,500 / ($500 - $185) = $178,500 / $315 = 567.14
For the third scenario:
New Break-Even Point in Units = $178,500 / ($500 - $185) = $178,500 / $315 = 567.14
Since we cannot have a fraction of a canoe, we need to round up to the nearest whole number. Therefore, the new break-even point in units is 568 canoes for each scenario.
New Break-Even Point in Sales Dollars:
The break-even point in sales dollars is the break-even point in units multiplied by the selling price.
New Break-Even Point in Sales Dollars = New Break-Even Point in Units * Selling Price
For each scenario:
New Break-Even Point in Sales Dollars = 568 * $500 = $284,000
Now let's move on to the next calculations:
Margin of Safety in Dollars and as a Percentage of Sales:
Margin of Safety is the difference between actual sales and the break-even point.
Margin of Safety in Dollars = Actual Sales - Break-Even Point in Sales Dollars
Margin of Safety in Dollars = 1,560 * $500 - $284,000 = $780,000 - $284,000 = $496,000
Margin of Safety as a Percentage of Sales = (Margin of Safety in Dollars / Actual Sales) * 100
Margin of Safety as a Percentage of Sales = ($496,000 / ($500 * 1,560)) * 100 = (0.64) * 100 = 64%
Number of Canoes to Generate $120,000 Profit:
To calculate the number of canoes needed to generate a specific profit, we need to subtract the total costs (fixed and variable) from the target profit and divide it by the contribution margin per unit.
Number of Canoes = (Target Profit + Total Fixed Costs) / Contribution Margin per Unit
For the scenario with a selling price of $500:
Number of Canoes = ($120,000 + $178,500) / ($500 - $185) = $298,500 / $315 = 947.62
Rounding up to the nearest whole number, Sandy Bank would need to sell 948 canoes at $500 each to generate a $120,000 profit.
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Related Questions
You have a $5000 loan for 5 years. Your annual percentage rate(APR) is 12.5%. What is your monthly payment
Answers
$112, Will be the monthly payment.
What is APR?
The annual interest produced by a sum that is paid to investors or charged to borrowers is referred to as the annual percentage rate (APR). APR is a percentage that expresses the actual annual cost of borrowing money throughout the course of a loan or the revenue from an investment. This does not account for compounding and includes any fees or additional expenditures related to the transaction. Consumers can evaluate lenders, credit cards, or investment goods using the APR as a benchmark figure.
If you took out a $5,000 personal loan for five years at a rate of 12.5% interest, your monthly payment would be $112. Over the course of this loan, your total interest payment would be $1,749.
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Document 3: What happens to competition in a communist system?
Answers
Answer:
Explanation:
In a communist system the central authority dictates the means and quantity of production , and gives strict rules on businesses. Since there is no competition amongst firms , each is given the amount of money and each wo0rker is paid the same with same expectations of each.
5
Tina plans to buy her first car, but she has no credit history. The bank will give her a loan if she has a co-signer. How can Tina MOST accurately
and efficiently meet their request?
Answers
Answer:
FInd a co-signer with equivalent credit score.
Explanation:
Tina does not have credit history. She can receive the loan if she has a collateral or co-signer as base for loan. But it must meet all requests. The collateral must have the right estimation and ownership. Co-signer must have required credit score and credit history.
Answer:
Ask her mother to join a credit union with her.
Explanation:
If u receive the funds for a takeaway what are your plans for the next 12 months.
Answers
Answer:
Pay it all off and save up money
Explanation:
Answer:
i would donate some of the money to a charity
Explanation:
A company that uses the accrual method of accounting started the fiscal year with assets of $600,000 and liabilities of $400,000. During the fiscal year the company recorded credit sales of $250,000, of which $8,000 remained to be collected at year end, and incurred expenses of $90,000, of which $72,000 was paid in cash. A stock dividend valued at $10,000 was declared and issued to stockholders during the year. What is the year-end balance of total equity
Answers
Answer:
$360,000
Explanation:
Calculation to determine What is the year-end balance of total equity
First step
Beginning equity = Total assets - Total liabilities.
Beginning equity= $600,000 - 400,000
Beginning equity= $200,000
Second step
Net income = Revenues - Expenses
Net income= $250,000 - $90,000
Net income= $160,000
Last step
Ending balance of Equity = Beginning equity + Net income
Ending balance of Equity = $200,000 + $160,000
Ending balance of Equity = $360,000
Therefore the year-end balance of total equity is $360,000
Which regulations does the credit card companies have to follow? Check all that apply.
Answers
Credit card companies are regulated by several federal laws and regulations. Some of the major regulations that credit card companies must follow include the Truth in Lending Act (TILA), Fair Credit Billing Act (FCBA), Fair Credit Reporting Act (FCRA), and the Electronic Funds Transfer Act (EFTA).
The Truth in Lending Act requires credit card companies to disclose the terms and conditions of a credit card agreement, including interest rates, fees, and payment due dates, to consumers before they sign up for a credit card. This helps consumers understand the costs associated with using a credit card. The Fair Credit Billing Act provides protection for consumers against billing errors and unauthorized charges on their credit card accounts.
It also requires credit card companies to investigate and resolve disputes within a certain timeframe.The Fair Credit Reporting Act regulates how credit bureaus collect, use, and disclose credit information. Credit card companies must report accurate information to credit bureaus and investigate disputes raised by consumers. The Electronic Funds Transfer Act governs electronic fund transfers, such as debit card transactions and ATM withdrawals.
It requires credit card companies to provide consumers with information about their rights and responsibilities in using electronic fund transfers. In addition to these federal laws, credit card companies may also be subject to state laws and regulations. For example, some states have laws that limit the fees and interest rates that credit card companies can charge. Overall, credit card companies must adhere to a wide range of regulations to protect consumers and ensure fair business practices.
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Bermuda Cruises issues only common stocks and coupon bonds. The firm has a debt-equity ratio of 0.45. The cost of equity is 17.6 percent. Required: What is the pre-tax cost of the company debt if weighted average costs of the company is 13.5% and the firm's tax rate is 35 percent? (10 marks)
Answers
Answer:
The pre-tax cost of the company debt is 6.75%
Explanation:
In order to calculate the pre-tax cost of the company debt if weighted average costs of the company is 13.5% and the firm's tax rate is 35 we would have to use the following formula:
weighted average cost of capital = pretax cost of debt (1 - tax rate) x weight of debt + cost of equity x weight of equity
0.135 = pretax cost of debt (1 - 0.35) x 0.45 / 1.45 + 0.176 x 1 / 1.45
0.135 = pretax cost of debt x 0.201724138 + 0.12137931
(0.135 - 0.12137931) / 0.201724138 = pretax cost of debt
6.75% Approximately = Pretax cost of debt
_____________’s mastery of elemental form can be seen in the iconic and widely imitated trademarks produced by his firm. He believed a trademark must be readily understood yet possess elements of metaphor and ambiguity that will attract the viewer again and again. Many of his trademarks became important cultural icons. Within two years after he redesigned the Bell Telephone System bell trademark, public recognition of the symbol rose from 71 to more than 90 percent. After the AT&T long-distance telephone network was split from the local Bell system telephone companies in 1984, he designed a new mark to reposition the firm as "a global communications company" rather than "the national telephone system." This concept was expressed through a computer graphics animation with information bits circling a globe, which became the identification tag for AT&T television commercials.
Answers
Answer:
Saul Bass
Explanation:
Saul Bass was a famous American Oscar-winning filmmaker and graphic designer, popularly known for his works in the design of corporate logos, movie posters and motion-picture title sequences. He was born on the 8th of May, 1920 in New York, United States of America and he died on the 25th of April, 1996 in California, USA.
Saul Bass's mastery of elemental form can be seen in the iconic and widely imitated trademarks produced by his firm. He believed a trademark must be readily understood yet possess elements of metaphor and ambiguity that will attract the viewer again and again. Many of his trademarks became important cultural icons. Within two years after he redesigned the Bell Telephone System bell trademark, public recognition of the symbol rose from 71 to more than 90 percent. After the AT&T long-distance telephone network was split from the local Bell system telephone companies in 1984, he designed a new mark to reposition the firm as "a global communications company" rather than "the national telephone system." This concept was expressed through a computer graphics animation with information bits circling a globe, which became the identification tag for AT&T television commercials.
What is your primary source of investment funds?
A. Saving or personal income
B. Pension or retirement
C. Insurance payout
D. Inheritance
E. Gift
F. Sale of business or property
G. Something else
Answers
Answer:
A. Saving or personal income
Explanation:
What are the accounting differences between cash and receivables from the perspective of a buyer? A seller? How are these differences changed by the accounting basis (cash vs. Accrual) an organization chooses?
Answers
Answer:
From a buyer's perspective, a sale made on credit represents a liability. While a sale made on cash represents a decrease of current assets.
From a seller's perspective, a sale made on credit or cash increases current assets, but the possibility of a bad debt always exist, therefore, accounts receivables must be periodically adjusted due to bad debts.
If the seller or buyer uses accrual accounting system, the previous description holds, but if they use cash basis accounting, things change a lot. When use cash basis, transactions are recorded only when cash is exchanged, so accounts receivables do not actually increase assets (seller's perspective), and accounts payables do not increase liabilities (buyer's perspective).
When clients have dyspnea (difficult or painful breathing), they are often anxious and upset. What are two interventions the PSW could do to help reduce their anxiety? (2 Marks) 12. Name three breathing illnesses that may require the client to use oxygen on either a temporary or continuous basis. (3 Marks) Lit "!
Answers
PSWs can reduce dyspnea-related anxiety by providing reassurance and support, teaching relaxation techniques. Breathing illnesses requiring oxygen include COPD, asthma, and pulmonary fibrosis.
Two interventions a Personal Support Worker (PSW) could do to help reduce a client's anxiety related to dyspnea are:
1. Provide reassurance and emotional support: The PSW can offer verbal reassurance to the client, acknowledging their feelings and empathizing with their distress. They can create a calm and supportive environment, listening actively to the client's concerns and providing comfort through compassionate communication.
2. Teach and encourage relaxation techniques: The PSW can educate the client on simple relaxation techniques such as deep breathing exercises, guided imagery, or progressive muscle relaxation. These techniques can help the client focus on their breathing, reduce anxiety, and promote a sense of calmness and control.
Three breathing illnesses that may require the client to use oxygen on either a temporary or continuous basis are:
1. Chronic Obstructive Pulmonary Disease (COPD): COPD is a progressive lung disease that obstructs airflow and makes breathing difficult. In severe cases, oxygen therapy may be necessary to help improve oxygen levels in the blood.
2. Asthma: Asthma is a chronic condition characterized by inflammation and narrowing of the airways, leading to recurrent episodes of wheezing, coughing, and shortness of breath. In severe asthma attacks, oxygen supplementation may be required to support breathing.
3. Pulmonary Fibrosis: Pulmonary fibrosis is a lung disease where the lung tissues become scarred and thickened, impairing their ability to expand and contract. Oxygen therapy may be prescribed to alleviate dyspnea and improve oxygenation in individuals with advanced pulmonary fibrosis.
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A company’s code of conduct is likely to include rules on
A. hourly pay
B. processes for handing outside contractors
C. personal use of company confidentiality agreement
Answers
C. personal use of company confidentiality agreement
Answer:
c for sure
Explanation:
thats one of the main things especially if you work in the healthcare industry.
HIPAA is extremely important... invasion of provacy or violating the act can set you into jail
true/false.stabilization function attempts by government to minimize fluctuations in overall macroeconomic activity'
Answers
True. The stabilization function attempts by the government to minimize fluctuations in overall macroeconomic activity.
What is stabilization policy?The stabilization policy is a government policy that aims to reduce the amplitude of business fluctuations in order to stabilize an economy over time. It is a government's macroeconomic policy that aims to preserve economic stability and growth through the control of fiscal and monetary policies.
The main objectives of stabilization policies are to avoid economic recessions, stabilize prices, prevent financial crisis and maintain healthy economic growth. The government will take several steps to keep the economy moving when it senses an economic decline.
Government efforts to maintain economic stability and growth are referred to as stabilization policy. Governments can utilize monetary and fiscal policy tools to influence macroeconomic activity in the economy. Fiscal policy is the use of government revenue and expenditure to manage the economy.
Monetary policy, on the other hand, is the management of the money supply and interest rates to control the economy's growth rate.
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A rising GDP and a falling unemployment rate are most likely indicators that an economy is in which phase of the business cycle?
answer: expansion
Answers
A rising GDP and a falling unemployment rate are most likely indicators that an economy is in the expansion phase of the business cycle.
During the expansion phase, the economy experiences an increase in economic activity and employment opportunities, resulting in a rise in GDP and a decline in unemployment rate. This phase is typically characterized by increased consumer and business spending, rising stock prices, and increasing confidence in the economy. The expansion phase is usually followed by the peak, recession, and trough phases in the business cycle.
The business cycle refers to the fluctuation of economic activity in an economy over time. It is typically characterized by alternating periods of expansion and contraction, with the peak, recession, and trough phases in between. Various factors contribute to the business cycle, including consumer spending, business investment, and government policies.
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6. Which of the following describes a non-employee business? (1 point)
an architect who has only a part-time assistant
a small ice cream shop where only one person works at a time
a person who works from home for a larger company
a manicurist who works from her home or at clients houses
Answers
Answer:
a manicurist who works from her home or at clients’ houses
Explanation:
Regina, a 25-year-old professional, wants to start an investment portfolio. What strategy may her financial advisor suggesta
A.Start a moderate portfolio and shift to high risk later in life.
in luce
B.Invest only in national companies.
C.Buy 100% international stocks.
D. Choose a high-risk portfolio now and change it, if needed, in the future.
Answers
Answer:
A.Start a moderate portfolio and shift to high risk later in life.
Explanation:
Investment portfolio may be defined as the financial investments done by one. It is the collection or ownership of various assets and stocks, bonds, real estates, cash, etc.
In the context, Regina who is 25 year old wishes to start an investment plan. For this her financial advisor may suggest her to start her investment in a moderate portfolio and then later may shift to a high risk portfolio. This is because Regina is young and is new to investment. She is not experience enough to invest in high risk portfolio. When she gains knowledge about investments in her life then she can properly plan her investment in order to achieve maximum profit.
The Fixed Overhead Absorption Rate used by a company is £15 per machine hour. At the end of the year, the actual Fixed Manufacturing Overheads incurred is £135,000 and the actual number of machine hours employed was 10,000 machine hours. Required Calculate the over- I under- absorption of the Fixed Manufacturing Overheads
Answers
The actual overheads incurred (£135,000) were less than the amount absorbed based on the predetermined rate (£150,000).
The budgeted fixed manufacturing overhead is calculated as follows:
Budgeted fixed manufacturing overhead = Fixed overhead absorption rate * Actual number of machine hours
= £15 per machine hour * 10,000 machine hours
= £150,000
The over- or under-absorption of the fixed manufacturing overhead is calculated as follows:
Over- or under-absorption of fixed manufacturing overhead = Actual fixed manufacturing overhead - Budgeted fixed manufacturing overhead
= £135,000 - £150,000
= £-5,000
Therefore, the fixed manufacturing overhead is under-absorbed by £5,000.
In other words, the company has charged £5,000 less for fixed manufacturing overhead than it actually incurred.
This could be due to a number of factors, such as the actual number of machine hours being lower than the budgeted number of machine hours.
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2) What is the energy associated with 365 nm radiation?
Answers
The energy associated with 365 nm radiation can be calculated using the equation E=hc/λ, where E is energy, h is Planck's constant, c is the speed of light, and λ is the wavelength of the radiation. Substituting the values, we get E= (6.626 x 10^-34 J s) x (3.0 x 10^8 m/s) / (365 x 10^-9 m) = 5.44 x 10^-19 J.
This indicates that 365 nm radiation has a relatively low energy, which corresponds to the ultraviolet region of the electromagnetic spectrum. In terms of its impact on biological systems, 365 nm radiation can cause damage to DNA and other molecules, leading to sunburn and other harmful effects.
However, it is also used in various medical and industrial applications, such as disinfection and polymer curing. Understanding the energy associated with different types of radiation is important in assessing their potential risks and benefits.
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dentify capital budgeting decisions. multiple select question. employee attainment decisions equipment replacement decisions expansion decisions product costing decisions
Answers
According to the facts in the question, the step of group decision-making being discussed is Analyzing the decision that needs to be made. They are being asked to “assess a condition. the answer is product costing decision.
Which implies that a decision has already been made and that they must examine it to ensure that it is exactly what they desire.It implies that ideals and unconsciously held abilities, reflexes, and habits constrain decision-makers.A model of decision-makers who use their own perception and sense of reason to address difficult issues is called limited rationality. This occurs when decision-makers search for answers based on their own constrained thinking, ignoring every technology process already in use, including data analysis and artificial intelligence, which are useful tools for minimising constraints.The drawback of limited rationality is that it doesn’t optimise the decision-making process.
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It is not necessary, when rejecting a job candidate, to worry about how the rejection is worded, as it will have minimal, if any, impact on the organization. True False
Answers
Round all answers to the nearest cent.
The revenue from the sale of a high-end cameras is given by:
R(x)= 1000 x 5x^2
a. What is the average change in revenue if production is changed from x = 14 to x = 17? b. What is the instantaneous rate of change in revenue at x = 14?
Answers
Solution: a) 155000
b) 140000
the revenue function R(x) = 1000 * 5x^2, we need to find:
a) The average change in revenue if production is changed from x = 14 to x = 17.
b) The instantaneous rate of change in revenue at x = 14.
a) To find the average change in revenue, first calculate the revenue at x = 14 and x = 17:
R(14) = 1000 * 5(14)^2 = 1000 * 5 * 196 = 980000
R(17) = 1000 * 5(17)^2 = 1000 * 5 * 289 = 1445000
Now, find the difference in revenue and divide it by the change in production units (17 - 14 = 3):
Average change in revenue = (R(17) - R(14)) / (17 - 14) = (1445000 - 980000) / 3 = 465000 / 3 = 155000
b) To find the instantaneous rate of change, we need to find the derivative of R(x) with respect to x:
dR(x)/dx = d(1000 * 5x^2)/dx = 1000 * 10x
Now, evaluate the derivative at x = 14:
dR(14)/dx = 1000 * 10 * 14 = 140000
So, the answers are:
a) The average change in revenue if production is changed from x = 14 to x = 17 is $155,000.
b) The instantaneous rate of change in revenue at x = 14 is $140,000.
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the ability and willingness to buy specific quantities of a good at alternative prices in a given time period, ceteris paribus, is the definition of
Answers
Ceteris paribus, the concept of demand is the ability and willingness to purchase particular quantities of a good at various prices within a specified time frame.
According to the law of demand, the quantity of a good is demanded in inverse proportion to its price, so that while other factors remain constant, when the price of the good increases, the quantity demanded of the good decreases. Conversely, when the price of the good decreases, the quantity demanded of the good increases.
The readiness and desire of a buyer to buy a product at various prices are referred to as demand for a thing. The consumer's willingness to buy the product should be supported by their ability to do so.
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Assume there are external benefits associated with the production of Good X. Without government regulation, the market will: produce too much of Good X. produce too much of Good X. price Good X less than the marginal social cost. price Good X less than the marginal social cost. produce too little of Good X. produce too little of Good X. price Good X greater than the marginal cost. price Good X greater than the marginal cost.
Answers
Answer:
produce too little of Good X. produce too little of Good X.
Explanation:
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.
Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible
I am MrBeast and if you can guess what number I am thinking of between 1 and 100 I will give $10,000. Comment or answer.
Answers
Answer:
58
ohhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
it's fake
This is fake!!! It's not even the real MrBeast!!
if market value is $300,000, site value is $90,000 and site improvements are $10,000, what is the depreciated cost of improvements?
Answers
To determine the depreciated cost of improvements, we need to know the depreciation rate or method used. Assuming straight-line depreciation over a certain period, we can calculate the depreciated cost using the following formula:
Depreciated cost of improvements = Original cost of improvements - Accumulated depreciation Since the original cost of improvements is given as $10,000, we need the accumulated depreciation to calculate the depreciated cost accurately. If you provide the accumulated depreciation or the depreciation rate, I can assist you in calculating the depreciated cost of improvements.
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You are Heidi granular ceo and founder of camp bow wow and you are intending to expand the brand
Answers
Understanding your target market and its requirements is crucial when growing a brand.
You can evaluate the viability of your expansion plans and find areas of potential by conducting market research. In order to grow a brand, franchising is one option. This enables you to swiftly increase the reach of your brand by utilizing the knowledge and resources of franchisees.
Yet it's crucial to have a solid franchise structure in place, with instructions and assistance for franchisees.
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order management is one of the most cross functional activities along the supply chain.
Answers
Order management is a crucial aspect of supply chain management, as it involves coordinating the process of receiving, processing, and fulfilling customer orders. This activity involves various functions, such as sales, marketing, logistics, and customer service, making it one of the most cross-functional activities in the supply chain.
Sales and marketing teams are responsible for generating orders and ensuring that they are accurate, complete, and timely. They also communicate with customers to understand their needs and preferences, which helps in providing better service and improving customer satisfaction. Logistics teams are responsible for managing the physical movement of goods, from the point of origin to the final destination. This involves coordinating with suppliers, carriers, and warehouses to ensure that orders are delivered on time and in good condition.
Customer service teams play a critical role in order management, as they are responsible for addressing customer inquiries, complaints, and requests. They also work closely with other functions to ensure that orders are processed correctly and delivered on time. Effective order management requires close collaboration among these different functions, as well as the use of technology to automate and streamline the process. By doing so, companies can improve customer satisfaction, reduce costs, and increase efficiency in their supply chain operations.
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As a manager you need to know your customers or the demand you face. In this question, I am giving you a same supply curve with 3 different demand curves. Depending on what demand you are facing, different actions by you or the government might result in different results. Use Excel's charting tool to draw the supply and demand curves together in the market for each of the parts A-C. A. Q s
=10p−170,Q d
=150 B. Q s
=10p−170,Q d
=−5p+310 C. Q s
=10p−170,Q d
=−10p+470 a. If the government collects a $20 specific tax from sellers, graphically show what happens to the market. Add the after-tax supply/demand to the original graph (Hint: to find the new demand/supply curve after the tax, keep the slope of the demand/supply curve the same and change only the Yintercept) b. What share of tax is paid by consumers and what share by firms for each of the parts A-C? You can either answer in $ or % or both. c. Compare the share of tax paid by consumers and the share of tax paid by firms in parts A-C. In which part are consumers paying the highest portion of tax? In which part the lowest? Even if we are using the same supply curve in all three parts of A-C, why do you think buyers' share of tax changes? Support your answer/reason with numbers. d. Suppose parts A-C are different scenarios of supply and demand in the cigarette market and the government wants people to smoke less. With which demand curve (parts A-C) can the government better fulfill its goal? Under which demand curve does the government's tax policy not help to decrease smoking? Explain your answer briefly.
Answers
A. The supply and demand curve are given below; The specific tax will shift the supply curve to the left by the amount of the tax (in this case $20).
This is because the tax raises the seller's cost of producing each unit of output. Hence the new supply curve will be Qs = 10P - 190. Graphically, the shift is represented as shown below;B. Qs = 10P - 170, Qd = -5P + 310Now to find the new demand/supply curve after the tax, keep the slope of the demand/supply curve the same and change only the Y-intercept. In this case, the new supply curve would be
Qs = 10P - 190. Graphically, it can be represented as shown below;
C. Qs = 10P - 170, Qd = -10P + 470
Now to find the new demand/supply curve after the tax, keep the slope of the demand/supply curve the same and change only the Y-intercept. In this case, the new supply curve would be
Qs = 10P - 190. Graphically, it can be represented as shown below;
b. Share of tax paid by consumers and firms; A. Share of tax paid by consumers and firms; Consumer: $10, Firm: $10B.
Share of tax paid by consumers and firms; Consumer: $8, Firm: $12C. Share of tax paid by consumers and firms; Consumer: $9, Firm: $11c. The share of tax paid by consumers and firms vary in different parts A, B and C.
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Governments most often regulate essential services like water treatment by:
Answers
Answer: setting up natural monopolies.
Explanation: on apex!!
Answer:
It is setting up natural monopolies, like the other person said.
Explanation:
Which term is defined as a loan given to students to help pay for education-related expenses?
financial aid
scholarship
student loan
work-study
Answers
C. Student Loan
A scholarship is a discount, work study is a job that helps pay for your tuition, and financial aid is something that helps pay for your tuition. So student loan is really the only one that makes sense.
A student loan is defined as a loan given to students to help pay for education-related expenses. Thus, option C is the correct option.
What is a student loan?A student loan is a specific kind of loan intended to assist students in covering the costs of post-secondary education and related expenses, including tuition, books, and living costs. In comparison to other loan kinds, it could have a much cheaper interest rate and a delayed repayment plan while the borrower is still enrolled in school.
In many nations, there are significant differences in the stringent rules governing bankruptcy and renegotiation. This article identifies the variations in the student loan systems of different developed nations. The majority of American college students are eligible for federal student loans. Regardless of their own or their parents' salaries, students can borrow the same sum of money at the same rate.
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