Purchasing power parity (PPP) states that a good's price in one country is the same as its price in another country after taking into account the difference in exchange rates.
Since 1986, The Economist has tracked the price of McDonald's Big Mac burgers in numerous nations as a lighthearted annual PPP test. Let's look at this one-of-a-kind indicator, which is called the Big Mac PPP, and see what we can learn about a country's wealth from the price of the ubiquitous Big Mac.
How Purchasing Power Parity (PPP) Works
To show how PPP works, let's say the exchange rate between the US dollar and the Mexican peso is 1/15 pesos. Assuming that the two nations have purchasing power parity, the cost of a Big Mac in Mexico would be approximately 55 pesos if it cost $3 in the United States.
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the process of estimating the dividends and earnings that can be expected from the firm based on determinants of value is called a. business cycle forecasting. b. macroeconomic forecasting. c. technical analysis. d. fundamental analysis. e. none of the above.
The end goal is to come up with a number that an investor can compare to the current price of a security to see if other investors think it is undervalued or overvalued.
How Does Fundamental Analysis Work?
Fundamental analysis (FA) uses related economic and financial factors to determine a security's intrinsic value. An investment's intrinsic value is determined by the current market and economic conditions, as well as the financial situation of the issuing company.
From macroeconomic factors like the state of the economy and industry conditions to microeconomic factors like the efficiency of the company's management, fundamental analysts investigate anything that has the potential to influence the value of the security.
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the goal of performing a competitor analysis is to . a) learn more about the competitors' sales structures b) find flaws in the competitors' manufacturing processes c) find areas of potential competitive advantage and disadvantage
The goal of performing a competitor analysis is to find areas of potential competitive advantage and disadvantage. So the correct option is c.
A competitor analysis, also called competitive analysis and comptetion analysis, is the process of examining similar brands in your industry to gain insight into their offerings, branding, sales, and marketing approaches. Knowing your competitors in business analysis is important if you're a business owner, marketer, startup founder, or product developer.
A competitor analysis offers several benefits, including:
Understanding industry standards so that you can meet and exceed them, helps in
discovering untapped niche markets, helps in differentiating products and services, standing out in your marketing, measuring your growth etc.
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for which of the following to work must both parties be online at the same time, and the receiver of a message be willing to accept messages?
In instant messaging, both parties are online at the same time, and the receiver of a message is willing to accept the messages.
A message is a discrete unit of conversation intended with the aid of the supply for intake by way of a few recipient or group of recipients. A message can be added by numerous way, along with courier, telegraphy, service pigeon and digital bus. A message can be the content material of a broadcast. An interactive change of messages bureaucracy a communication. One instance of a message is a press release, which may additionally range from a quick document or assertion launched by using a public business enterprise to industrial exposure cloth.
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big watches co. manufactures and sells a single product. the company uses units as the measure of activity in its budgets and performance reports. during october, the company budgeted for 5000 units, but its actual level of activity was 4700 units. the company has provided the following data concerning the formulas used in its budgeting and its actual results for october: fixed element per month variable element per month actual results revenue - 48.50 245,060 direct labor - 7.50 39,480 direct materials - 20.10 104,205 manufacturing overhead 31,000 4.15 52,870 what is moh in the planning budget for october? round your answer to the nearest whole number.
Activity variance is $780 {Decrease in expenses from flexible budget to Planning budget = Favorable).
Activity variance is the difference between planned S & A expenses & the flexible budget of S & A expenses.
Flexible budget for S & A expenses = Fixed expenses + (Actual activity * Variable cost per unit)
= $18,000 + (4,700 * $2.60)
= $18,000 + $12,220
= $30,220
Planning budget for S & A expenses = Fixed expenses + (Budgeted activity * Variable cost per unit)
= $18,000 + (5,000 * $2.60)
= $18,000 + $13,000
= $31,000
Activity variance = Planning - Flexible
= $31,000 - $30,220
= $780
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a nation that imposes a fixed charge of $3 per barrel of oil imported into the country is relying on which instrument of trade? specific tariff gatt tariff subsidies import quotas antidumping duties
A nation that imposes a hard and fast price of $three in step with the barrel of oil imported into the united states is counting on which device of exchange: A) specific tariff.
Change is the pastime of purchasing, selling, or changing goods or offerings among people, firms, or international locations. The ministry had direct control over each aspect of overseas change. ... negotiations on a brand new international change agreement.
Trade as a noun can seek advice from the motion of purchasing-promoting or changing items and services among human beings, businesses, countries, and other entities. The time period is often synonymous with 'trade. ' it can also confer with a specific industry such as the construction, traveling, or fur trades.
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the brs corporation makes collections on sales according to the following schedule: 50% in month of sale 47% in month following sale 3% in second month following sale the following sales have been budgeted: sales april $170,000 may $190,000 june $180,000 budgeted cash collections in june would be:
Following the sale, the following sales have been budgeted: sales April $170,000 may $190,000 June $180,000 budgeted cash collections in June would be:$184,400
June Cash Collections:
50% of June's sale $90,000
47% of May's sales $89,300
3% of April sales $5,100
Total Budgeted cash collections $184,400 = Answer
Marketing is the process of exploring, creating, and delivering value to meet the requirements of a target request in terms of goods and services;( 1)( 2) potentially including a selection of target followership; selection of certain attributes or themes to emphasize in advertising; operation of advertising juggernauts; attendance at trade shows and public events; design of products and packaging seductive to buyers; defining the terms of trade, similar as price, abatements, bond, and return policy; product placement in media or with people believed to impact the buying habits of others; agreements with retailers, noncommercial distributors, or resellers; and attempts to produce mindfulness of, fidelity to, and positive passions about a brand.
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the manager of a manufacturing company knows that they will need a new machine in one of their factories. the new machine will cost them $13,700. the manager has determined that they can afford to pay 15% of the cost of the machine in cash. they can then finance the rest through a credit union. the credit union will charge 2% per year compounded monthly. how much are their monthly payments for 4 years? a) $274.39 b) $381.28 c) $252.64 d) $233.23 e) $297.22
Option b; The monthly payments for 4 years is $381.28.
I = 2% per year compounded monthly, so i monthly = 2%/12
N = 4 years = 48 months
P = 13,700 - (13,700*15%) = 11,645
A = P(A/P,i%,N) = 11,645 (A/P,2%/11,645) = 11,645 (0.028643) = $381.28
A payment is the voluntarily made exchange of money, its equivalent, or other valuables by one party (such as an individual or business) for another's goods, services, or to satisfy a legal obligation. Payer refers to the party sending the money, whereas payee denotes the recipient of the payment.
Numerous methods exist for making payments, such as:
utilizing cash, a check, a debit, credit, or bank transfer—whether using a mobile payment app or not—to transfer anything of value, such stock, or by bartering one commodity or service for another.
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When aksed if a company should drop a product, a segment or line of business, what is a key question that should first be asked?.
The key question that should first be asked will be: Will any of the fixed costs go away? If not, ignore them in the decision process.
The fixed cost of a business needs to be decreased if a company is not generating the desired output. Whatever strategy you formulate for increasing the output or decreasing the input should focus on lowering the fixed cost.
You should take the necessary step of either finishing just a product, a line of business depending on the strategy which will make the fixed cost go away. Normally, a fixed cost remains unchanged unless a product or a line of business is dropped.
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you invest $100 in a risky asset with an expected rate of return of 0.11 and a standard deviation of 0.20 and a t-bill with a rate of return of 0.03. what percentages of your money must be invested in the risk-free asset and the risky asset, respectively, to form a portfolio with a standard deviation of 0.08?
46% of the funds are placed in risk-free assets, whereas 54% are invested.
Investing $100 in a risky asset with an expected rate of return of 0.11 and a standard deviation of 0.20
T-bill with a rate of return of 0.03. what percentages of your money must be invested in the risk-free asset and the risky asset
8% in portfolio return
3.50%
W1 = Weight of Asset 1 + Return on Risky Assets
(Return on risky assets)
Riskless return
=W1×11 % +(1−W1)×4.5%
=6.5%W1
=54% /W2 =(1−W1)
=(1−54%) /=46%
As a result, 54% of the money is put into risky assets, while 46% is put into risk-free assets.
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a decrease in accumulated depreciation is most likely to result from: a) selling or disposing of a long-lived asset. b) increasing the salvage value of a long-lived asset. c) decreasing the estimated useful life of a long-lived asset.
The cumulative depreciation of an asset up to a single point in its life is known as accumulated depreciation.As a counter asset account, accumulated depreciation's natural balance is a credit that lowers the asset's total value.
According to generally accepted accounting principles (GAAP), the matching principle requires that expenses be allocated to the same accounting period during which the relevant revenue is realized.
A business will deduct a portion of an asset's value through depreciation over the course of each year of its useful life.This means that the expense related to using up the asset is reported every year it is put to use and generates income.
The total amount of depreciation applied to an asset up to a particular point is known as accumulated depreciation.The beginning cumulative depreciation balance is increased with each period's depreciation expense.
In the balance sheet, an asset's carrying value is determined by subtracting its accumulated depreciation from its historical cost.An asset's carrying value on the balance sheet will correspond to its salvage value at the end of its useful life.
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what was the geometric average return for a stock that had the following annual returns over the past 4 years: 17.00% (4 years ago), 13.00% (3 years ago), -16.00% (2 years ago), and 40.00% (last year)?(round the value to 100th decimal and please enter the value only without converting it to a decimal format. if the answer is 8.55%, enter 8.55)
The geometric average return for a stock that had the following annual returns over the past 4 years is {( 1 + 0.48 ) ( 1 + - 0.23 ) ( 1 + 0.15 ) ( 1 + 0.12 )} * (1/4) - 1 = 0.1007 = 10.07%.
What is Geometric average ?You would multiply the two numbers together and then take the square root of the result to determine the geometric mean of the two values.
By multiplying n variables and then taking the nth -root, one can calculate the geometric mean, which represents the average growth of an investment. In other words, it is a metric used to assess the performance of a single investment or an investment portfolio. It is the average return on an investment over time.
The geometric mean multiplies and determines the value's root, unlike the arithmetic mean, which is based on adding and subtracting quantities.
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the nature of demand indicates that as the price of a good increases: group of answer choices suppliers wish to sell less of it. more of it is produced. more of it is desired. buyers desire to purchase less of it.
The nature of demand suggests that option D, buyers desire to purchase less of it as its price rises.
Demand describes the consumer's desire and willingness to purchase a good or service at a specific time or over an extended period of time. Additionally, consumers must be able to afford the items they want or need based on their budgeted disposable income. Therefore, demand has an impact on both market expansion and economic growth.
Suppliers are eager to create more when the price rises. In general, demand is thought to slope downward since consumers tend to buy less when prices are greater. According to the law of demand, a lower price results in a bigger amount demanded whereas a higher price results in a lower quantity demanded. Tools used to characterize the relationship between quantity desired and price are demand curves and demand schedules.
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in testing accounts receivable, an auditor sends out positive confirmation requests to 100 randomly selected customers. a customer returns the confirmation indicating that the balance is correct when, in fact, the balance is overstated. this is an example of:
In testing accounts receivable, an auditor sends out positive confirmation requests to 100 randomly selected customers. A customer returns the confirmation indicating that the balance is correct when, in fact, the balance is overstated. This is an example of Non-sampling error.
There are different types of accounts in accounting, each of which serves a specific purpose. The most common types of accounts are asset accounts, balance accounts, equity accounts, revenue accounts, and expense accounts.
The purpose of each type of account is to provide information that is useful in making business decisions for customers. The balances in the accounts are used in the financial statements of a business.
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davis corporation reported the following financial data for one of its divisions for the year; average assets of $510,000; sales of $1,050,000; and income of $121,000. the investment turnover is:
For one of its divisions, Davis Corporation provided the following financial information: average assets of $510,000, sales of $1,050,000, and income of $121,000. 2.059 is the investment turnover.
How many times does an investment turnover?The percentage of a portfolio that is sold in a given month or year is known as turnover in the investing industry. For deals executed by a broker, a rapid turnover rate results in higher commissions. An organization's total revenues are referred to as its overall turnover.
A business's revenue output is compared to its debt and equity using the investment turnover ratio. With a certain amount of funding, a management team's capacity to generate revenue
How are investment turnover figures determined?The turnover ratio gauges the annual trading activity of a fund. It is determined by dividing the lesser of the acquisitions or sales by the monthly average of net assets. Securities with a maturity of under a year are not taken into account.
sales = $1,050,000
assets= $510,000
income= $121,000
investment turnover= Net sales / Average investment assets
investment turnover= $1,050,000 / $510,000
investment turnover= 2.059
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according to the constant growth dividend discount model the price of a stock whose dividend is growing at a rate g will:
The constant growth dividend discount model predicts that the price of a company whose dividend grows at a rate of g percent will rise over time at a rate of g percent. Thus, the right option is Increase overtime at the rate of g percent.
How do companies calculate dividends?A dividend is a revenue payment provided to shareholders by a company. When a company makes a profit or has a surplus, it can pay out a portion of its profits to shareholders in the form of a dividend.
Divide the number of outstanding shares by the dividend payout per share. For example, if a corporation's board of directors declares a dividend payment of $. 30 per share on 50,000 shares, the dividend payment equals $. 30 x 50,000 = $15,000.
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serena is trying to sell a new line of ultrasound imaging equipment. unlike existing technology, these machines are compact, creating the potential for general practice physicians to have and use them in their offices. serena is trying to identify innovators in her market, knowing these customers will most likely buy one for each office in their practices. reposition his products. not need any service or support when using the product. spread positive word-of-mouth to other physicians. create demand among the late majority.
Serena is trying to identify innovators in market, knowing these customers will most likely buy one for each office in their practices.
What is innovation?Innovation is the practical application of concepts that leads to the launch of new products or services or enhancements in the provision of existing products or services. Innovation is described by ISO TC 279 in the standard ISO 56000:2020 as "a new or altered entity realizing or redistributing value." Others have other meanings; a recurring theme in the definitions is a focus on the novelty, development, and dissemination of ideas or technologies. Innovation frequently occurs as a result of the creation of more efficient goods, procedures, services, technology, works of art, or business models that innovators make available to consumers, governments, and society. Innovation and invention are connected, but they are not the same thing. Innovation is more likely to involve the practical application of an invention to have a significant impact on a market or society.
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If you are a pizza seller and you pay $10,000 for a pizza oven only to make one pizza with it, the average cost of each pizza you make is
A) $10,000
B) $10
C) $100
D) $5,000
Answer: The correct answer would be A) $10,000
Explanation:
The total cost of the pizza oven / the number of pizzas = cost of the oven per pizza
$10,000/1 = $10,000
* Does not include the cost of the pizza ingredients! :)
21. minke has an antique restoration business and has a great ability to envision a piece of junk as a restored final masterpiece. throughout his life he has tinkered with innovative ideas and has invented new products. it is clear that minke possesses a high level of .
Minke has an antique restoration business and has a great ability to envision a piece of junk as a restored final masterpiece. Throughout his life he has always tinkered with innovative ideas and has always invented new products. It is clear that Minke possesses a high level of creativity.
Antique restoration is the process of repairing and refurbishing antique furniture and other objects. It can be a very rewarding process, as it can help bring old pieces back to life and preserve them for future generations.
Antiques are often delicate and fragile, and rough handling can easily damage them. Different woods, metals, and fabrics will all require different treatments, and using the wrong ability can cause further damage.
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every two weeks, no more pencils, incorporated, disburses checks that average $90,000 and take six days to clear. how much interest can the company earn annually if it delays transfer of funds from an interest-bearing account that pays .011 percent per day for these six days? ignore the effects of compounding interest. (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The interest can the company earn annually if it delays transfer of funds from an interest-bearing account that pays .011 percent per day for these six days is $1,407.12.
Information given in the query:
Checks issued on average total = $82,000.
Checks are issued on average every two weeks.
also,
52 weeks make up a year.
Therefore, Checks are distributed 52/2 = 26 times per year.
Rate of Interest = 0.11%
Delay in payment days = 6.
Now,
The corporation earned interest = Amount of the checks × Days of
payment postponement × Weeks of
check disbursement × Interest rate
= $82,000 × 6 × 26 × 0.011%
= $1,407.12
In the fields of finance and economics, interest is the payment of a sum over and above the principal amount (the amount borrowed) to a lender or depositor at a set rate by a borrower or deposit-taking financial institution. It differs from a fee the borrower might pay the lender or another party. It also differs from a dividend, which is money given to shareholders (owners) by a company from its profit or reserve, but not at a set rate predetermined in advance, but rather on a pro rata basis as a portion of the rewards received by risk-takers who take on costs in order to generate revenue.Learn more about Interest, here
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the advantage of extending credit to customers is that it helps customers to buy products and services, thereby increasing the seller's revenue. the disadvantages of extending credit are costs related to . multiple choice question.
The disadvantages of extending credit are costs related to Increased wage costs, Bad debt costs and Delayed receipt of cash.
Credit is the trust that allows one party to provide money or resources to another party in exchange for the second party promising to repay or return those resources at a later date rather than repaying the first party immediately.
A credit is an entry in personal banking or financial accounting that shows that money has been received. Credits (deposits) are usually on the right side of a checking account register, and debits (money spent) are on the left.
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herman company has three products in its ending inventory. specific per unit data at the end of the year for each of the products are as follows: product 1 product 2 product 3 cost $ 40 $ 110 $ 70 replacement cost 38 105 60 selling price 60 140 74 selling costs 5 48 12 normal profit 25 50 32 required: what unit values should herman use for each of its products when applying the lower of cost or market (lcm) rule to ending inventory
The replacement cost for product 2 is 85, and the market value, which excludes the typical profit margin, is $80. Since the market value is less than the replacement cost, we do not include the regular profit margin.
We use the lower of cost or market (LCM) criteria in this case, as indicated below:
For product 1,
The price is $20.
Market value = Selling price - selling cost - normal profit margin
= $40 - $6 - $5
= $29
Thus, $20 would be the lower value.
For Product 2
The Cost is $90
Market value = Selling price - selling cost
= $120 - $40
= $80
Thus, $80 would be the lower value.
For Product 3
The Cost is $50
Market value = Selling price - selling cost - normal profit margin
= $70 - $10 - $12
= $48
Therefore, $48 would be the lower value.
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assume roger's income to spend on books and movie tickets is $48, and his budget constraint is represented by line b. what would cause his budget constraint to move to a?
A person’s ability to purchase a given amount of a good or service depending on their income and the cost of the good or service is indicated by the budget limitation line.
Therefore, points on the line can be determined using the following equation: = Income / PriceThe budget limitation will shift outside if the price drops by 10% because, as the formula illustrates, the formula’s result will result in more points on the line due to a smaller denominator.Given product pricing & income, a consumer’s budget line or constraint shows the product combinations they can purchase graphically (all spent).Because the purchasing power of both goods will fluctuate proportionally with income, a change in income will produce a simultaneous shift in budget constraints.Improved real income and increased purchasing power brought on by falling prices allow consumers to increase consumption of both items as their income rises. Budget constraints will be shifted to the right and outside as a result.
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abc bank is a commercial bank with a 20% reserve requirement and no excess reserves. citizens deposit $80,000 in the bank. a) what is the maximum amount that abc can lend out after the new $80,000 deposit? b) what is the money multiplier for this system? c) how much does the total money supply eventually increase if abc bank makes the loan referenced in part b
The highest loan amount that ABC Bank, a commercial bank with a 20% reserve requirement and no surplus reserves, can make is $64,000 following the new $80,000 deposit. People put $80,000 in the bank.
Money held in a bank is referred to as a deposit in the financial industry. When money is transferred to another party for safekeeping, the deposit transaction is known as a deposit. A part of money, however, that is used as security or collateral for the delivery of a good is referred to as a deposit.
There are two distinct definitions of a deposit. In one type of deposit, money is given to someone else to keep safe. By this definition, a Bank deposit is any cash that an investor deposits into a savings or checking account with a bank or credit union.
In this case, the deposited funds remain the property of the individual or organization who made the deposit, and they are always free to take them out again.
a)
Required Reserve ratio =20%
New deposit of $80,000 made hence 20% of 80,000 will go to maintain reserve therefore amount left for lending is (1-0.2)(80000=$64,000
B)
Money Multiplier =1/reserve ratio=1/0.2=5
C)
When Bank makes loan Money supply increases by $64000*5=$320,000
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the problem of investment managers taking offsetting active positions is most likely addressed by employing: a) risk budgeting. b) tactical asset allocation.
The problem can be addressed by core satellite approach
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wally, incorporated issues $100,000 of 5% bonds, due in 10 years, when the market rate of interest is 6%. interest is paid semiannually on june 30 and december 31. the issue price of the bonds is:
The issue price of bond is $ 92,561.
What is bond issue price ?
An IOU-like debt security called a bond. To raise funds from investors prepared to extend them a loan for a specific period of time, borrowers issue bonds.
The bonds will mature on the maturity date, at which point the financial institution will pay the creditor the bond's face value.
The price that the bond issuer initially offers the bonds is known as the issue price. Bonds are frequently issued at par.
By applying a discount rate to the predicted cash flows, one may calculate the price of a bond. The time to maturity, credit ratings, and demand and availability are the three main factors that affect the price of bonds on the open market.
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a company can increase its return on investment (roi) by . multiple select question. increasing sales increasing operating assets borrowing additional funds reducing operating expenses
A company can increase its return on investment (roi) by increasing sales
and reducing operating expenses. Hence, B and C are the correct answers.
Return on investment, also referred to as return on costs, is the ratio of net income to investments. If the ROI is high, the investment's benefits outweigh its costs. ROI is used as a performance metric to assess an investment's effectiveness or to compare the effectiveness of multiple distinct investments.
ROI gauges how much a return on investment compares to the cost of the investment. It is a baseline for developing future marketing plans and is utilised as part of analytics.
The most popular is ROI, which is calculated as
ROI = Net income %Cost of Investment X 100.
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What was the original name of the restaurant chain now known as boston market? boston ham.
Answer: Boston Chicken
Explanation: Boston Market was known as Boston Chicken until 1995.
Your company sells 19 units at a price of $10 and must change price to $9. 90 in order to sell 20 units. What is the marginal revenue of the twentieth unit?.
The marginal revenue of the twentieth unit is $8.00. Thus, option A is correct.
What is marginal revenue?The volume of productivity and also the pricing per unit of an item that should maximize shareholder value are determined by economic metrics such as the costs of manufacturing as well as the contribution margin ratio.
The company produces 19 units for $10, but in order to sell 20 units, the price must be reduced to $9.90.
The initial price that is consumed will be
= 19 units * $10
= 190
The new price that is taken will be
= 20 units * $9. 90
= 198
The change in the price will be
= 198 - 190
= $8
Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
$8.00
-$.10
$9.90
$198.00
if the management team decides to target people as the first area for organization change, what should you recommend? invest in enterprise resource planning. refrain from change until the shortage of employee talent in the industry is more severe. develop a planned effort for organization development.
Distribution of authority, equipment, and line-staff structure; Human Resource Administration
Decentralization is another method of distributing power. Decentralization, distribution, or the diffusion of authority—that is, the distribution of decision-making authority to lower level management—is essential for involving the entire team. The responsibility for modifying the organisational structure would fall on the line staff structure.
A human resources administration is what?
The management of employees' total employment experiences inside a business is known as human resource administration. A group of human resources specialists are frequently in charge of executing efficient workforce management and staff development in businesses.
Enterprise Resource Planning should be funded
ERP, or enterprise resource planning, is the capacity to provide a coordinated set of business applications. ERP technologies provide a shared process and data model that covers a wide range of in-depth operational end-to-end operations, including those in supply chain management, distribution, manufacturing, and human resources.
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Which pricing strategy appeals to consumers because it reduces their need to spend time comparing prices at various stores?.
Everyday Low Price (EDLP) is the pricing strategy that appeals to consumers because the strategy reduces their need to spend time comparing prices at various stores.
Everyday Low Price (EDLP) refers to a pricing strategy designed by retailers to promise customers the lowest prices in their store without having to wait for a sales event, use a coupon, or take any other actions to attain a reasonable price on the products they purchase.
Walmart is one such retailer that exhibits Everyday Low Pricing strategy. Walmart offers low prices to its consumers throughout the year, rather than offering low prices during sale events. Walmart adopted this pricing strategy following its beginning, developing its reputation on being the store that provides consumers with the lowest prices every day.
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