Answer:
Purchase 1,500 units of component 1 from supplier 1.
Purchase 2,000 units of component 2 from supplier 3.
Purchase 500 units of component 1 and 1,000 units of component 2 from supplier 2.
Total costs = $54,500
Explanation:
component 1 component 2
supplier 1 2 3 1 2 3
price $10 $15 $14 $13 $12 $10
capacity:
supplier 1 = 1,500
supplier 2 = 2,500
supplier 3 = 2,000
demand:
component 1 = 2,000component 2 = 3,000There are two ways to solve this, one using excel and the solver function or do it manually.
Manually, we must start with the supplier that has the lowest cost. In this case, the supplier with the lowest cost for component 1 is supplier 1 ($10) and component 2 is supplier 3 ($10).
We will start by purchasing 1,500 units of component 1 from supplier 1 at $15,000. That eliminates supplier 1's capacity, so we now only have suppliers 2 and 3. We still need 500 units of component 1 and 3,000 units of component 2.
We purchase 2,000 units of component 2 from supplier 3 at $20,000. This will consume all of supplier 3's capacity, so we only have supplier 2 left. We are still needing 500 units of component 1 and 1,000 units of component 2.
We will purchase the remaining units from supplier 3 at (500 x $15) + ($1,000 x $12) = $19,500.
Our total expense will be $54,500.
If a manager is called upon to hire a new vendor and negotiate the best services for the best price, which type of role is required?
Answer:
decision making role
Explanation:
Management roles vary depending on which type of manager we are talking about: upper, middle or lower management. Management roles include:
Leadership and Interpersonal RolesInformational RolesDecision Making Roles: are themselves divided into 4 categories (entrepreneur, disturbance handler, resource allocator, negotiator). In this case, the manager is allocating resources since labor is a resource.The Wagner Company made the following expenditures for research and development early in 2014: $80,000 for materials, $100,000 for contract services, $80,000 for employee salaries, and $800,000 for a building with an expected life of 20 years to be used for current and future research projects. Wagner uses straight-line depreciation. The company allocated $20,000 in overhead to research and development. What is Wagners' research and development expense for 2014
Answer:
$320,000
Explanation:
Research & development expense for 2014 = Materials Expenditure + Contract services expenditure + Employee salaries + Building expenditure + Overhead
Research & development expense for 2014 = $80000 + $100000 + $80000 +($800000/20) + $20000
Research & development expense for 2014 = $80000 + $100000 + $80000 + $40000 + $20000
Research & development expense for 2014 = $320,000
Assume Bob of "Gut-Bomb Burgers" Corp. would like to increase his company's market share by one share point to a total of nine percent. The burger industry's total marketing effort is $50 million. Bob is currently spending $4 million on marketing. How much additional money would Bob have to invest in marketing to increase his company's market share by one share point?
Answer:
$750,000
Explanation:
Calculation for the additional money that Bob have to invest in marketing to increase his company's market share by one share point
Based on the information given we were told that the burger industry's total marketing effort was the amount of $50 million, this means that the share of point will be calculated as :
Share of point=Total marketing effort of $50,000,000/100
Share of point=$500,000
Second step is for us to make use of the 1.5 rule from the parity budget by multiplying it with the amount of $500,000
Hence,
Additional money=$500,000*1.5
Additional money=$750,000
Therefore the additional money that Bob have to invest in marketing to increase his company's market share by one share point will be $750,000
The market for plywood is characterized by the following demand and supply equations: QD = 800 – 10P and QS = 50P – 1,000, where P is the price per sheet of plywood and Q measures the quantity of plywood. What is the size of the deadweight loss if the government imposes a price ceiling of $25 per she
Answer:
$3,750
Explanation:
at $25 per sheet of plywood:
total demand = 800 - (10 x 25) = 800 - 250 = 550
total supply = (50 x 25) - 1,000 = 1,250 - 1,000 = 250
the equilibrium price is:
800 - 10P₁ = 50P₁ - 1,000
1,800 = 60P₁
P₁ = 1,800 / 60 = 30
the equilibrium quantity (Q₁) is:
Q₁ = 800 - (10 x 30) = 800 - 300 = 500
at 250 units, the price should be:
250 = 800 - 10P₂
10P₂ = 550
P₂ = $55
total deadweight loss = 0.5 x (P₂ - P₁) x (Q₂ - Q₁) = 0.5 x ($55 - $25) x (250 - 500) = 0.5 x $30 x -250 = -$3,750
started the year with total assets of $30,000 and total owner's equity of $20,000. During the year a) assets increased by $20,000, b) the business recorded $45,000 in revenues, c) the business recorded $30,000 in expenses, and d) the owner withdrew $5,000 for personal use. Liabilities at the end of the year were:
Answer:
$20,000
Explanation:
The computation of the liabilities at the end of the year is shown below:
As we know that
Total assets = Total liabilities + equity
where,
Total assets are
= Begining balance + increased assets
= $30,000 + $20,000
= $50,000
And, the equity is
= Starting balance + revenues - expenses - withdrawn amount
= $20,000 + $45,000 - $30,000 - $5,000
= $30,000
So, the liabilities is
= $50,000 - $30,000
= $20,000
Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will _____. The demand for labor among automobile-producing firms in Michigan, for which steel is an input, will _____. The temporary unemployment resulting from such sectoral shifts in the economy is best described as _____ unemployment.
Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply.
a. Taxing the price of placing a resume or posting a job opening on a job-search website
b. Improving a widely used job-search website so that it matches workers to job vacancies more effectively
c. Increasing the benefits offered to unemployed workers through the government's unemployment insurance program
Answer:
fall
rise
frictional
b. Improving a widely used job-search website so that it matches workers to job vacancies more effectively
Explanation:
A fall in the price of steel would reduce the profitability of producing steel for steel producing companies. Hence, the supply of steel would fall. as a result, less labour would be needed, so the demand for labour would fall.
A fall in the price of steel would reduce the cost of producing cars and thus increase the production of cars. as a result, more labour would be employed to make cars.
Frictional unemployment is when labour is unemployed between the time he leaves his current employment and time he finds another. by improving on the job search website, workers would be matched faster with available jobs, this frictional unemployment would decrease.
A company has revenues of $1,250,000 with a net profit margin of 10%. If the depreciation for the year is $75,000, short-term investments decreased by $15,000, accounts receivable increased by $10,000, inventory decreased by $5,000 and accounts payable decreased by $6,000, what is the net cash provided by operations.
Answer:
$204,000
Explanation:
The computation of net cash provided by operations is shown below
Cash flow from operating activities
Net profit ($1,250,000 × 10%) $125,000
Add: depreciation expense $75,000
Add: Decrease in short term investment $15,000
Less: Increase in account receivable -$10,000
Add: Decrease in inventory $5,000
Less: Decrease in account payable -$6,000
Net Cash provided by operations $204,000
The minus sign depicts the cash outflow and the positive sign depict the cash inflow
Question 9
1 pts
a
D
ESPE
The cost of a van is $16,000 with a residual value of
$2,000. The van has an estimated useful life of 5 years.
The mount of depreciation expense using straight-line
each year is:
D
O $933
O $373
O $737
O none of the above
Answer:
The correct answer is:
None of the above (d)
Explanation:
Depreciation is the reduction in the fair value of an asset over time.
cost of van = $16,000
residual value = $2,000
useful life = 5 years
depreciation using straight-line allocation is allocating the depreciation cost equally over the useful life of the asset.
[tex]Annual\ depreciation\ expenses\ = \frac{(cost\ of\ asset\ -\ salvage\ value}{useful\ life\ of\ asset} \\\\\\Annual\ depreciation\ expenses\ = \frac{16,000 - 2,000}{5} \\= \frac{14,000}{5} \\Annual\ depreciation\ expenses\ = \$2,800[/tex]
Answer:
none of the above
Explanation:
depreciation expense per year using straight line method = (purchase cost - residual value) / useful life = ($16,000 - $2,000) / 5 years = $14,000 / 5 = $2,800 per year
The straight line method for calculating depreciation expense is the simplest method that we can use, since the depreciation expense is the same for every year. Unlike double balance, sum of digits or any other kind of deprecation expense method which varies from year to year.
Assume that the interest rate on borrowings in Japan is 3 percent while the interest rate on bank deposits in a U.S. bank is 5 percent. Laura, an active currency trader, borrows in Japanese yen, converts the money into U.S. dollars and deposits it in a U.S. bank. Laura is engaging in
Answer:
"Carry Trade", is the right answer.
Explanation:
Laura is engaged in "Carry Trade" because the carry trade refers to the process to borrow from the country where the interest rate is lower and deposit the borrowed money in other countries in which the person earns more interest. Therefore, the process for borrowings and deposits from low and high-interest rates respectively is called the carry trade.
Ashley bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350 more than the desktop. She paid for the computers using two different financing plans. For the desktop the interest rate was 7% per year, and for the laptop it was 6% per year. The total finance charges for one year were $398. How much did each computer cost before finance charges
Answer:
Laptop = $3250
Desktop = $2900
Explanation:
Total finance charge = $398
Laptop cost = 350 + x
Desktop = X
Workings
Finance cost = (7% *X ) + (6% * 350+x ) = 398
0,07 X + 0.06 X + 21 = 398
0.13 X + 21 = 398
0.13 X = 398 -21
0.13 X = 377
Therefore ,X = 377/0.13
=2900
Cost of Desktop = 2900
Cost of Laptop =2900+350 =3,250
A company is considering replacing an old machine, which has a market value of $75,000 and a tax basis of $50,000. The new machine would cost $145,000 and would require an additional $12,000 in working capital for spare parts. If the company’s tax rate is 34%, what would be the initial cash outlay for this replacement project?
Answer:
$90,500
Explanation:
The computation of initial cash outlay is shown below:-
initial cash outlay = New machine cost + Increase in working capital - After tax salvage value
= $145,000 + $12,000 - (($75,000 - ($75,000 - $50,000) × 0.34
= $145,000 + $12,000 - $66,500
= $90,500
Therefore for computing the initial cash outlay we simply applied the above formula.
pls help this the last one
The main challenge of career planning in changing times is the need to adjust plans often.
Is this statement true or false?
true
false
True, the challenge is the need to adjust plans often.
Firstly, let understand career planning refers to the process of determining and choosing a professional path that best suit one's personality, interests and goals.
The ability to Discover, Learn, Identify, Understand, Assess and Choose a good path that suit one's lifestyle determines the likelihood of been successful in the path.However, career planning can be challenging because what might been assess today might become sophisticated tomorrow, so these pose a challenge for who is planning a career.In conclusion, the statement is true and these makes planning of career little bit complicated.
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2. Describe the following trends in business. Give an example of wha
productive business environment that supports each trend.
a. Social responsibility (1 point)
Answer:
Social responsability is the attribute of a business that tries to benefit the whole of society instead of only pursuing profits.
Social responsability has been an important trend in recent decades, and many businesses have made it a part of their corporate policy.
This is both because of altruistic and business reasons. When a business engages in social responsability, it not only helps society in some way, but it also helps itself, by earning respect, name-recognition, and prestige, which often results in more customers, and higher profits later on.
Mariposa, a young office manager, is trying to exchange text messages with her supervisor, Bill. Although Bill has been the general manager of the business for years, he has never learned how to use the texting function on his cell phone. What barrier to communication is Alexandria experiencing?
Answer:
Generational differences
Explanation:
Barriers to communication refer to different things that can affect the communication in a company. One of these barriers is the generational differences because it refers to the gap that exists between people of different ages that can be seen in different opinions, beliefs, values, behaviors and way of doing things. According to that, the answer is that the barrier to communication that Alexandra is experiencing is generational differences because there is a difference in the mean Mariposa and her supervisor use to communicate because of their age as Mariposa uses a technology that Bill is not familiar with which causes a problem in the communication.
decides to use the needs approach to determine how much life insurance to buy. Her cash needs are $30,000; her income needs are $140,000; and her special needs are $100,000. Ellen has the following assets: $20,000 in bank accounts, $30,000 in retirement accounts, and $40,000 in investment accounts. She does not own any individual life insurance, but she is covered by a $50,000 group life insurance policy through her employer. Judging solely from this information, how much additional life insurance (if any) should Ellen purchase
Answer:
$130,000
Explanation:
For determining the additional life insurance required first we need to follow some steps which are shown below:-
Step 1
Total needs = Cash needs + Income needs + Special needs
= $30,000 + $140,000 + $100,000
= $270,000
Step 2
Total assets held = Bank accounts + Retirement plans + Investment accounts
= $20,000 + $30,000 + $40,000
= $90,000
Step 3
Total amount of life = $270,000 - $90,000
= $180,000
and finally
Additional life insurance required =
The Total amount of life - Life insurance provided by the employer
= $180,000 - $50,000
= $130,000
Antonio runs an online retail site and wants to set up a sitewide tag to measure online conversions for his future Google Ad campaigns. He's already set up conversion actions and has Google Tag Manager managing tags on his site. Which tag type should he choose to complete this process?
Answer:
The answer is Conversion Linker tag.
Explanation:
Antonio should have set up Google Tag Manager on his website. If the case is, without changing the code on his page, he should choose the Conversion Linker tag additionally to his landing page URLs, which automatically identifies the lead source.
Sanchez Inc. reported the following on the company's cash flow statement for 20Y7: Net cash flow from operating activities $500,000 Net cash flow used for investing activities (200,000) Net cash flow used for financing activities 150,000 Thirty percent of the cash flow used for investing activities was used to purchase property, plant, and equipment. What is the free cash flow for 20Y7?
Answer: $440,000
Explanation:
From the question, we are informed that the net cash flow from operating activities is $500,000, the net cash flow used for investing activities is (200,000) and that the net cash flow used for financing activities 150,000. We are further told that thirty percent of the cash flow used for investing activities was used to purchase property, plant, and equipment.
The free cash flow for 20Y7 will be:
= $500,000 - ($200,000 × 30%)
= $500,000 - ($200,000 × 0.3)
= $500,000 - $60,000
= $440,000
Many gluten-free food options are found on the store shelves in the United States, but they are scarcely available in international markets. Given the increasing awareness of a healthy lifestyle, such products satisfy an unmet need. Therefore, a product such as gluten-free food in international markets:_________.
Answer: Is likely to have greater value
Explanation:
Gluten-free food are food that are safe to eat. Examples are most dairy products, such as cheese, butter and milk, fruit and vegetables, meat and fish (although not breaded or battered)
potatoes, rice and rice noodles. Although they are available at stores in America, they are scarce in the other part of world due to how they are valued. The demand of such food in those region is higher than that of America hence their shortage there.
The introduction of automatic elevator equipment allowed firms to handle the movement of people in a multistory building at less cost, thus decreasing the demand for elevator operators. The best explanation for this change is that the Multiple Choice marginal product of elevator operators was equal to its price. marginal product of automatic elevator equipment was equal to its price. marginal product of automatic elevator equipment divided by its price was greater than that for elevator operators. marginal product of elevator operators divided by its price was greater than that for automatic elevator equipment.
Answer:
The marginal product of automatic elevator equipment divided by its price was greater than that for elevator operators
Explanation:
Since in the question, it is mentioned that the automatic elevator introduction permit the firms to handle the movement of the people at least cost also it declines the demand for the operators of the elevator
This represents that the marginal product of elevator equipment would be divided by price and also it is more than for operators who are dealing in elevators
Which of the following are good workplace writing
habits? Check all of the boxes that apply.
adjusting the writing style to the audience
and avoiding the use of technical terms if the
reader is not familiar with the subject
checking for errors and misspellings and
making sure to use the correct version of a
word
using abbreviations since everyone in the
office understands their meanings
The one that exemplifies good workplace writing habits would be:
A). adjusting the writing style to the audience and avoiding the use of technical terms if the reader is not familiar with the subject.
B). checking for errors and misspellings and making sure to use the correct version of a word.
Writing HabitsThe above two habits that exemplify good habits of writing at the workplace would be modifying the writing as per the audience.
The technical terms must be prevented before the audience that is not aware of it.
The other good habit is that it is searching for the mistakes that would assist in improving the vocabulary and pronunciation.
Thus, options A and B is the correct answer.
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Which of the following is one of the seven website design elements that marketers can use to produce an effective customer experience online?A. consistencyB. collaborationC. commercializationD. commerceE. creativity
Explanation:
The answer is D
Commerce
hope this helps
Timothy, a laboratory manager at a multinational photography company, manages a team of seven designers. All of them report to him, and he has the power to command them and assign duties to them. In this scenario, Timothy most likely has_____.
Answer:
line authority
Explanation:
Line authority is when someone that has a supervisor position has the power to give orders to his/her subordinates in order to accomplish the company's goals. According to this, the answer is that in this scenario, Timothy most likely has line authority because he has a team that he supervises and he has the authority to assign duties to them.
A project manager has just found out that a major subcontractor for her project is consistently late delivering work. The project team member responsible for this part of the project does not get along with the subcontractor. To resolve the problem, the project manager says, "You both will have to give up something to solve this problern," What conflict resolution method is she using
Answer:
compromise
Explanation:
Compromise as a conflict resolution strategy is one that involves finding acceptable reasons such that all the parties involved in the conflict have their concerns satisfied partly.
The project manager saying "You both will have to give up something to solve this problem" means that both parties involved in the conflict will have to come to an agreement that suits or benefits both parties.
Cheers.
Exercise 8-16 Disposal of assets LO P2 Diaz Company owns a milling machine that cost $250,000 and has accumulated depreciation of $182,000. Prepare the entry to record the disposal of the milling machine on January 3 in each of the following independent situations. The machine needed extensive repairs, and it was not worth repairing. Diaz disposed of the machine, receiving nothing in return. Diaz sold the machine for $35,000 cash. Diaz sold the machine for $68,000 cash. Diaz sold the machine for $80,000 cash.
Answer and Explanation:
The Journal entry is shown below:-
1. Cash Dr, $0
Accumulated Depreciation-Machinery Dr, $182,000
Loss on Disposal of Machinery Dr, $68,000
To Machinery $250,000
(Being Equipment disposed is recorded)
2. Cash Dr, $35,000
Accumulated Depreciation Dr, $182,000
Loss on sale of Machinery Dr, $33,000
To Equipment $250,000
(Being Equipment sold is recorded)
3. Cash Dr, $68,000
Accumulated Depreciation Dr, $182,000
To Equipment $250,000
(Being Equipment sold is recorded)
4. Cash Dr, $80,000
Accumulated Depreciation Dr, $182,000
To Gain on sale of equipment $12,000
To Equipment $250,000
(Being Equipment sold is recorded)
Project managers typically use ________, also called analogous estimating or the ______ method when there is a past history of similar projects and rough-cut estimates are needed for strategic purposes two-to-five years out because, as estimating methods go, it is faster and less expensive. Multiple Choice bottom-up, learning curve top-down, range estimating top-down, apportion top-down, phase estimating bottom-up, range estimating
Answer:
1. top-down
2. apportion
Explanation:
Based on the manufacturing industry standards, Project managers typically use TOP-DOWN also called analogous estimating or the APPORTION method when there is a past history of similar projects and rough-cut estimates are needed for strategic purposes two to five years out because, as estimating methods go, it is faster and less expensive.
Which types of teams most are appropriate when the primary goal is innovation and the organization needs flexibility to cope with an uncertain environment
Answer:
Horizontal
Explanation:
An organization with a horizontal structure can be defined as that which is more flexible, dynamic and less bureaucratic, where employees have greater influence in the decision-making process and greater freedom in their work. Generally, employees need to report to only one manager and feel more motivated to contribute innovative ideas to the company due to greater autonomy and freedom at work.
Henrietta has owned her house for over 50 years. It has fallen into disrepair, but because she lives on a fixed income, she does not have the money to make the needed repairs. She has a considerable amount of equity in the house. What type of loan would BEST provide Henrietta the funds to make the necessary repairs
Answer: Reverse annuity mortgage
Explanation:
A reverse annuity mortgage is a form of loan that is given out which is secured against the value of ones home.
A reverse equity mortgage allows the homeowner to cash some of the equity on the home without the individual selling the house or moving out. This is the type of loan that would best provide Henrietta the funds to make the necessary repairs.
Jacob is looking to buy some car insurance and is reviewing different policies from several different agencies. The first policy he sees costs$750 for the upcoming year and is worth $10000 if he gets in a collision.After doing some research, he estimates that he has a 8% of getting in acar accident for that year. What is the expected value of buying this insurance policy
The expected value of buying this insurance policy is $50.
The expected value of buying the insurance policy is the weighted average of probabilities of the cost of the insurance and the cover if Jacob gets into an accident.
If Jacob gets into an accident and is covered, his payout will be:
= benefit - cost
= 10,000 - 750
= $9,250
The probability of this happening is 8%.
If Jacob does not get into an accident he would lose the $750 he paid in insurance premiums. The probability of this happening is:
= 100% - 8%
= 92%
The expected value of the insurance is:
= (probability of accident * payout if there is an accident) + (probability of no accident * payout if there is no accident)
= (8% * 9,250) + (92% * -750)
= $50
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A fundamental rethinking and radical redesigning of business activities to achieve dramatic improvemnts in critical measures of performance such as costs, quLITY, SERVICE, AND SPEED IS KNOWN AS
Answer:
BUSINESS PROCESS REENGINEERING, BPR
Explanation:
BPR is a management technique based on long term, whose objective is to achieve the objectives and improve processes through cost reduction, quality, service and speed improvement, which are essential for an organization to achieve a strong position in the its micro and macro environment.
Organizations use BRP to eliminate their flaws, such as loss of market to competition, interpersonal conflicts, communication noise, etc.
Your clients, spouses Jared and Joaquim, are both 33 years old. They are concerned about saving money for a down payment on a home. Currently they have $120,000 set aside for that purpose. They plan to start a family in about a year and would like to buy the home in six months. The amount they have saved is more than 20% of the value of the homes in the area they want to move. They look to you for a place to save the money until they need it. Which of the following is the most suitable recommendation for the couple?
A) A 26-week T-bill
B) The Windmill Growth Fund
C) The Oldtime Life Insurance Company Variable Annuity
D) The Benji Money Market fund
Answer:
) The Oldtime Life Insurance Company Variable Annuity