Based on the fact that Chaim bought a pickup truck for the transportation of equipment to fishing tournaments and for his lawn maintenance business, the purchases can be said to be B2C and B2B respectively.
What are types of purchases?There are several types of purchases which depend on the nature of the seller and the nature of the buyer of the good or service that is being sold.
There is Business to Customer or B2C which is when a business sells a good or service to a customer who would use it to engage in personal activities that do not have to do with business. This is what Chiam did with the pickup truck for his fishing tournaments.
Then there is Business to Business or B2B which is when a business sells a good or service to another business which would enable to latter business to carry out its business activities. This happens when Chiam bought a trailer to be able to use for his lawn maintenance business.
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The number of "destination weddings" has skyrocketed in recent years. For example, many couples are opting to have their weddings in the Caribbean. A Caribbean vacation resort recently advertised in Bride Magazine that the cost of a Caribbean wedding was less than $30,000. Listed is a total cost in $000 for a sample of eight Caribbean weddings. At the 0.10 significance level, is it reasonable to conclude the mean wedding cost is less than $30,000 as advertised?
29.1 28.5 28.8 29.4 29.8 29.8 30.1 30.6
pictureClick here for the Excel Data File
a. State the null hypothesis and the alternate hypothesis. Use a 0.10 level of significance. (Enter your answers in thousands of dollars.)
b. State the decision rule for 0.10 significance level. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.)
c. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.)
d. What is the conclusion regarding the null hypothesis?
rev: 11_15_2021_QC_CS-285580
The hypothesis is H0 : U ≥ 30000, H1 : u < 30000, decision is to reject H0 if T < critical value. test statistic is -0.26408. The conclusion is to fail to reject the null.
How to write the hypothesis .a. The null hypothesis = H0 : U ≥ 30000
Alternate hypothesis = H1 : u < 30000
b. The decision rule would be to reject the null if t is less than the level of significance
Using the critical value calculator, tghe critical value = - 1.415
Test statistic calculationc. test statistic calculation
mean = fx / n
= 29.5125
t statistic = x - u / s √n
s = 0.652758
= 29.5125 - 30.000 / 0.652758√8
= -0.4875 / 1.846
= -0.26408
d. The test statistic = -0.26408
The critical value = - 1.415
test statistic > critical value
we will not have to reject the null hypothesis. We would say that the cost is not less than 30 000.
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Kristine transferred investment property she has owned for six years to XYZ Corporation in exchange for 40 percent of the corporation's stock (40 shares valued at $160,000) at the time XYZ was incorporated. The property's adjusted tax basis was $90,000 and its fair market value was $160,000. Assume the transfer qualifies under §351.What gain or loss does Kristine recognize on the transfer?
Based on the question that we have here, Kristine is not going to have to recognize any forms of loss or any forms of gains on the investment property transfer.
What gain would Kristine have?Given the rules in section 368(c) we would have it that Kristine is not going to have any forms of losses or any forms of gains. This would be on the property that is to be transferred.
This is due to the fact that once this property has been transferred to a corporation or to another business, the people that won the corporation would be the ones that would have to take over the control of the business. Hence we would have it that Kristine is not going to have to recognize any gains or any forms of loss on the transfer that she has done.
In conclusion, we have to say that Kristine is not going to have to recognize loss or take gain.
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What additional information would you need to create an action plan when you make changes to HR plan to merge two companies
Your organizational structure, the goals and demands of your HR department, the amount of workers you want to hire, how you want to manage them, and all information expected personnel costs should be included in your human resources business plan.
An action HR plan is a tool used by managers to aid staff in information succeeding by assisting them in identifying areas of subpar performance and establishing required performance standards. Action plans may be utilized independently, in conjunction with discipline, or both. First, the business needs to inform every employee of how it intends to accomplish its objectives, with a focus on its mission statement.
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a marketing research approach that uses a discussion leader to interview 6 to 10 past, present, or prospective customers simultaneously is referred to as .
What is an interview?
Personal interviews are the most important instrument for primary research. There are differences in the potential quality of data that can be collected depending on whether the researcher and respondent interact face-to-face. More than just the interviewee's spoken comments, which are frequently brief, can be recorded during a face-to-face interview. Direct communication between humans results in far more information being exchanged. The conversation takes place on a number of levels when two people are face to face. It transcends spoken communication.However, The tone of the words used, the way they are utilized, and the body language all convey what the other person is trying to say.
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What is the relative use of each form of business in United States and how that has changed over Time
Sole proprietorship, is the relative use of each form of business in the United States. It was easy to operates are the easy.
What is business?
The most of the business are the used this extemporaneous style of speaking is chance to the employer and employee to the participation of the answering the question about the current project and business policies.
The United States are the sole proprietorship, was the most popular. The sole proprietorship are the owner of the business are not share the profit. The sole proprietorship are the changed in the United States. They are the developed of the economy of the country.
As a result, sole proprietorship, is the relative use of each form of business in the United States. It was easy to operates are the easy.
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How much money is borrowed if the interest is 9.25% simple interest and the loan is made for 3.5 years and has $904.88 interest?
Simple interest = $904.88
R =9.25%.
Time=3.5.
Thus to get the amount borrowed it will be;
P= Simple interest÷ (Rate × Time).
P=$904.88÷(9.25%×3.5).
So, P = 2794.994
Therefore,The money borrowed is; $ 2794.994
What is Simple Interest?
Simple interest can be calculated by multiplying the principal by the time, rate, and time period. "Simple Interest = Principal x Interest Rate x Time" is the formula. The simplest formula for calculating interest is this one.
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Ethics Student Activity Packet
There are many situations where you may feel that the "right" answer is debatable, namely ethical dilemmas such as accepting a bribe or accepting unethical attitudes from others.
What is an ethical dilemma?It corresponds to a situation where there are two options to choose from for decision making, both of which do not actually correspond to an ethical decision, such as if you observe your friend committing an unethical act at school and you do not know if what you should to do is to tell the directors what actually happened or not.
For a person to decide what is or is not ethical, it is essential to make a moral and value judgment about a situation, the decision can be made according to the option that benefits the greatest number of people, for example.
Therefore, ethics is the set of moral values that directs positive behavior in society, and should be a parameter for the actions of individuals in society.
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what is the difference between neoclassic theory and classic theory
"Classicism" refers to ancient or subsequent that was influenced by traditional things. Neoclassicism is included in the definition of "Classicism" as it refers to work that draws inspiration from antiquity.
What is the difference?The fundamental distinction between classical and neoclassical theory is that the former presumes that a worker's satisfaction is solely based on meeting their physical and financial needs, while the latter takes into account not only these needs but also their level of job satisfaction and other social needs.
The 19th century saw the public introduction of classical doctrine. This concept is no longer used in actuality, though. The neoclassical approach is an improvement of classical theory.
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Define culture.How does cultue variations affect work behaviour and job performance provide examples to show why a knowledge of such difference is imporatnat to managers
Culture is the amalgam of ideas, beliefs, behaviours, values, rituals, art forms, cuisine and living style of a community or group of people.
Cultural variations create distinctions between the employees and act as the single most important determinant of work behaviour and job performance. They help in determining the work ethics, the cohesiveness of teams and the individual performance of each employee. Cultural variations also play a role in enhancing inclusivity in the workplace and overall job performance.
Cultural variations are of immense importance to managers as they not only help in increasing active participation and collaboration between all employees but also provide an insight into the strengths and weaknesses of each employee. Let us take an example, suppose Michael and Meena belong to USA and India respectively. Both Michael and Meena might be efficient in their ways but to make the best of both worlds, the manager must be aware of the cultural variations to ensure that they work cohesively in a team.
The commercial aspects of culture though of immense significance, are often ignored and sidelined.
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5. Due to a recession, expected inflation this year is 3%, and 3.25% in year 2. However, the inflation rate in year 3 and thereafter is expected to be constant. Assume the expectations theory holds and the real risk-free rate is 2.5%. If the yield on 4-year T-bond equals 1-year bond plus 2%, what is the inflation rate after year 2?
Based on the expected inflation, and the expectation theory as well as the real risk-free rate, the inflation rate after year 2 is 6.88%.
How to find the inflation rate?To find the inflation rate, first find the yields on Treasury bonds for a year and four years.
One year Treasury bond yield:
= Real Risk-free Rate + Inflation Premium on 1-year Treasury Bond
= 2.5% + 3%
= 5.50%
Four year Treasury bond yield has been given by the question to be 2%.
We can therefore use the Four year Treasury bond yield to find the inflation premium in the fourth year:
= One year Treasury bond yield - Real Risk-free Rate + Four year Treasury bond yield
= 5.5% + 2% - 2.5%
= 5.0%
Now that you have the inflation premium, the inflation for after year 2 is:
5 % = (3% + 3.25% + 2 x Inflation after year 2] / 4
= 6.88%
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A software organisation employs 80,000 staff members. 16,000 employees are in the sales team, 24,000 are in the customer support team and 14,000 are in the software development and HR departments. What percentage of the organisation’s employees are a part of the finance team, if the size of the finance team makes up two-fifths of the remainder?
Answer:
Explanation:The organization’s employees are a part of the finance team, if the size of the finance team makes up two-fifths of the remainder is 13%
What is the number of employees who are regarded as remainder?
The number of employees out of the total workforce left after having deducted the number of employees making up the sales team, the customer support team the software development and HR departments is computed as shown below:
remainder of workforce=80,000-16,000-24,000-14,000
remainder of workforce=26,000
finance team=2/5*26000
finance team=10,400
finance team as % of total workforce=10,400/80,000
finance team as % of total workforce=13.00%
I hope this helps! If it does leave a thanks for me
besides marketing information being used throughout all of the marketing mix process, what is another critical area that benefits from discovering the marketing research information?
Sales forecasting and related costs. Sales forecasting is the process of predicting future revenue by estimating how much product or service a sales unit will sell in the coming week, month, quarter, or year.
What is Sales forecasting ?Forecasts are predictions about the future. It's difficult to overstate the importance of a company producing an accurate sales forecast. When leaders can rely on forecasts, privately held companies gain confidence in their operations. Accurate forecasts confer market credibility on publicly traded companies.
Forecasting sales adds value throughout an organisation. Forecasts are used by finance to create budgets for capacity planning and hiring, while sales forecasts are used by production to plan their cycles. Forecasts aid sales operations by assisting with territory and quota planning, supply chain by assisting with material purchases and production capacity, and sales strategy by assisting with channel and partner strategies.
One of the most important things to remember about sales forecasts is that they do not have to be perfect to be useful. Your sales forecast will frequently, if not always, differ slightly from your actual results.
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PLEASEEE HELP ASAP
Under the Federal Insurance Contributions Act (FICA) every person is an
employer if the person employs one or more individuals for the performance of
services in the United States. The Internal Revenue Service (IRS) test for an
employer/employee relationship is if a business tells, or has a right to tell a
worker how, when, and where to work then the worker is an employee, and if
they meet these tests, must withhold and pay FICA taxes on those employees’
wages. During your life, you may have noticed many employees performing work
for a company without paying FICA taxes (i.e. being paid “under the table”).
Questions to be Answered:
1) What are the concerns from a business perspective on this legally
questionable practice?
2) What are the concerns from a social perspective on this legally
questionable practice?
The concerns from a business perspective on this legally questionable practice is that the Federal Insurance Contributions Act (FICA) is a U.S.law which orders charge demand on the pay rates or wages procured by the representatives.
Federal Insurance Contributions Act (FICA) is a U.S. federal payroll tax. It is deducted from each paycheck. So, your nine-digit number tends to help social security accurately record your covered wages or self- employment.
So, as you work and pay FICA taxes, you tend to earn enough credits for social security benefits. Thus, the concerns from a business perspective on this legally questionable practice was mentioned.
Hence, FICA tax is a percentage of each employee's taxable wages.
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Once a corrective action plan begins addressing or fraud waste
True or false
Once a corrective action plan begins addressing or fraud waste. This statement was the false. Thus, option (b) is correct.
What is waste?
The term waste are the non-used items. The waste items are the decomposed and the recycled. The waste material are to be the uses as well as the non-used.
The corrective action plans are not to describe the fraud or the waste. They are the ongoing of the employee's activity to the measure. The given the statement are the false.
Therefore, option (b) is correct.
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on october 25, yacht doc received $200,000 for a yacht valued at $180,000 and a 4-month service contract. during november, the yacht was delivered and 1 month of the service contract was performed. the remaining services are to be performed evenly over the next 3 months. what is the entry yacht doc should record on october 25? multiple choice question. debit cash; credit revenue debit deferred revenue; credit revenue debit deferred revenue; credit cash debit cash; credit deferred revenue
The appropriate choice is option (d). On October 25, Yacht Doc needs to record a credit of $200,000 to Unearned revenue and a debit of $200,000 to Cash.
What does unearned income mean?
The term "unearned income," also referred to as deferred revenue is used to describe advance payments a business receives for goods or services that will be produced or provided in the future. As a liability for deferred revenue on its balance sheet, the company that receives the prepayment reports the sum.
A company's receipts for items and services it hasn't yet sold or provided are included in this account.
Yacht Doc received payment even though they had not yet delivered the yacht or rendered any services. Since this is a liability account, it will be credited to the unearned revenue account.
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Ethics Student Activity Packet
There are several ways to figure out if a behavior or action is wrong or right and some of them include:
It is harmful to others. It is unfair and unjust to some people. It shows disrespect to an authority or to a person. How to know when an action is wrong?The best way to know when an action or behavior is wrong is by looking at the consequences of the action or behavior. When a behavior hurts others who have done nothing to cause harm to others then it is most likely wrong. For instance, bullying a person with physical violence.
Another way to know a wrong action or behavior is looking at if it is unfair or unjust to certain people. For instance, if you see someone discriminating against a certain ethnicity then this behavior is wrong as it is unjust to that ethnicity.
We should also look at how our actions or behavior show respect to those around us. Respect is the hallmark of human society and if we are not respectful to others, this is wrong. We also need to respect authorities as well to avoid legally wrong actions and behavior.
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the intentional efforts of a company to design, manage, and evolve its channel strategy in light of changes that arise in the competitive and customer environments is referred to as:
The intentional efforts of a company to design, manage, and evolve its channel strategy in light of changes that arise in the competitive and customer environments is referred to as channel stewardship.
What is channel stewardship?
Stewardship can be described as the careful construction as well as the management of channel relationships whereby they were being given the adequately rewarded.
It should be noted that i this process even though the valuable members are are been treated very well and given the needed encouragement so that they deliver more in the future time, the less valuable members at the same time are been weeded out.
In conclusion, this method is been used by the firms in the industry so that they can use the channel strategy in attending to the competitive and customer environments so that the goal as ell as the objectives of the organization can be gotten as well as well as making the neccesay improvement.
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The Plan-Do-Check-Adjust problem-solving technique is useful when:
The Plan-Do-Check-Adjust, or the PDCA, problem-solving technique is useful when there is an improvement in a new project or implementation of a change.
What is the significance of PDCA technique?A PDCA technique can be referred to or considered as the management process under which a manager develops a plan, acts according to the plan, checks the results or outcomes of the act, and finally makes the required adjustments in the plan in order to achieve organizational goals.
Therefore, the significance regarding the PDCA technique has been aforementioned.
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Do you think the amended U.S. law, allowing importation of any shrimp alleged to be caught using TEDs, still protects turtles?
Is it as effective as the original U.S. law?
Should the WTO have the power to impose penalties on countries when their national environmental laws have an effect on international trade?
Should developing nations be held to the same environmental standards as developed nations? Why or why not?
Yes, I do you think the amended U.S. law, giving room for importation of any shrimp alleged to be caught via the use of TEDs, still protects turtles.
Yes, it is as effective as the original U.S. law?
Yes, I believe that the WTO have the power to impose penalties.
No, developing nations should be held to the same environmental standards as developed nations because as the name implies they are still developing and the laws as well as amenities to help to guide have not been fully made or provided.
What is the law on importation of any shrimp about?Every species of sea turtle found in American waters and territory is either endangered or threatened.
Through participation in the Inter-American Convention for the Protection and Conservation of Sea Turtles and the use and promotion of turtle excluder devices, the United States aims to protect and conserve sea turtles.
Therefore, Prior to May 1, 1991, it was forbidden to import shrimp or goods from shrimp that had been caught using commercial fishing techniques that would have harmed certain species of sea turtles.
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herring and henderson contend that diversity includes valuing differences between groups but must also include addressing issues of ______, ______, and ______.
Herring and Henderson contend that diversity includes valuing differences between groups but must also include addressing issues of parity, equity, and inequality.
Diversity is what makes each of us unique and encompasses everything that makes us who we are: our backgrounds, personalities, life experiences, and beliefs. Our world It is the combination of our differences that shapes our views, perspectives, and approaches. Diversity means accepting different people with different backgrounds. Examples of diversity include gender, racial, ethnic, socioeconomic, age, cultural, religious, and political diversity.
Diversity is valued today because it strengthens social groups. Here are some reasons why respecting diversity is important: When diverse strengths, skills, interests, and perspectives are understood and supported, people develop a stronger sense of identity and well-being, and achieve better educational and career outcomes.
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Jones Corporation reported current assets of $189,000 and current liabilities of $134,000 on its most recent balance sheet. The current assets consisted of $62,800 Cash; $44,200 Accounts Receivable; and $82,000 of Inventory. The acid-test (quick) ratio is:
Multiple Choice
1.4 : 1.
0.80 : 1.
0.57 : 1.
1 : 1.
0.61 : 1.
The acid-test ratio of Jones Corporation is 0.80 : 1.
What is the acid-test ratio?
Acid test ratio also known as the quick ratio is used to measure the ability of short term assets to meet the current liabilities of a firm. The acid test ratio is an example of a liquidity ratio. Liquidity ratio measures the ability of a company to meet its short term liquidity
Acid test ratio = (current asset - inventory) / current liabilities
Acid test ratio = ($189,000 - $82,000) / $134,000
Acid test ratio = $107,000 / $134,000
Acid test ratio = 0.80
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Wyatt (39) is a U.S. citizen. He was married at the beginning of 2021. His wife lived in the household until July. Their divorce was finalized on September 30, and Wyatt has not remarried. Wyat is his qualifying child. Wyatt's most advantageous filing status is?
A. single
B. married filing jointly
C. married filing separately
D. head of household
Since Wyatt's divorce was finalized on September 30, and Wyatt has not remarried and Wyat is his qualifying child, his most advantageous filing status is: D. head of household.
What is taxation?Taxation can be defined as the involuntary fees that are levied on individuals or business firms by the government of a particular country, so as to generate revenues that can be used to fund public projects, institutions and activities.
The types of filing status.According to the Internal Revenue Service (IRS) of the United States of America, there are five (5) main filing statuses and these include the following:
SingleMarried filing jointly.Married filing separately.Head of household.Qualifying widow or widower with dependent child.In this scenario, the most beneficial filing status for Wyatt a citizen of the United States of America who is divorced but not remarried with a qualifying child is head of household because it is primarily for unmarried taxpayers with dependents.
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what is the best approach to handling the expectation of privacy by employees in the event an investigation needs to be carried out on company-owned digital assets?
The ideal method for managing personnel in the event of an inquiry is to have a clearly stated, published policy that specifies that an employer has the right to check, inspect, or access company-owned assets.
The best way to handle employees' expectations of privacy in the event that a digital asset held by the company needs to be inspect investigated is to have a well-defined, published policy that makes it clear that an employer has the right to look at, inspect, or access company-owned assets.
policies for publishing These guidelines help us fulfill our core responsibility as a preeminent research publisher, which inspect is to provide authors the peace of mind that we will do everything in our power to make published policy their work as discoverable, accessible, comprehensible, useable, reusable, and shared as possible.
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The complete question is
What is the best approach to handling the expectation of privacy by employees in the event an investigation needs to be carried out on company-owned digital assets?
A. A well-defined published policy that clearly states that an employer has the right to examine, inspect or access company-owned assets.
B. No approach or planning is necessary – there is no right to privacy in the corporate environment.
C. If an investigation needs to be carried out, simply have the employee sign a waiver form before it begins.
D. Every employee has the right to privacy in the corporate environment, so no policies can be forced upon them.
as consumer demand for new homes increases, lumber, concrete, and steel suppliers may experience an increase in demand for their products, which is an example of ________blank demand.
Derived Blank Demand is the result in which the demand for products increases rapidly and over some time. The most important thing regarding increasing consumer demand is known as the Derived Blank Demand. Hence, the above statement is correct.
What is a Derived Blank Demand?Due to the Derived Blank Demand, the increase in consumer demand has also been increasing. The most common and the easiest of the demands which can be met with ease is almost present on the surface of the Derived Blank Demand.
Derived Blank Demand helps in the creation of the most important thing. TheDerive Demandincreases generally due to the increase in generosity and also the demand for the substances. The demand for some of the other commodities inclusive of all its arrangements can also be seen.
The Derived Blank Demand in the above scenario has increased because of the sudden increase in the new homes and other commodities of home.
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based on the free cash flow valuation model, the value of weidner co.'s operations is $1,200 million. the company's balance sheet shows $80 million in accounts receivable, $60 million in inventory, and $100 million in short-term investments that are unrelated to operations. the balance sheet also shows $90 million in accounts payable, $120 million in notes payable, $300 million in long-term debt, $50 million in preferred stock, $180 million in retained earnings, and $800 million in total common equity. if weidner has 30 million shares of stock outstanding, what is the best estimate of the stock's price per share? a. $27.67 b. $30.43 c. $33.48 d. $24.90 e. $36.82
The best estimate of the stock's price per share $27.67
Given:
the value of Weidner Co.'s operations = $1,200 million
accounts receivable = $80 million
short-term investments = $100 million
accounts payable = $90 million
notes payable = $120 million
long-term debt = $300 million
preferred stock = $50 million
retained earnings = $180 million
total common equity = $800 million
shares of stock outstanding = 30 million
Now,
The total intrinsic value
= value of operation + short-term investments or
The total intrinsic value = $1200 million + $100 million = $1300 million
thus, the total value of the equity
= Total intrinsic value - Debt - preferred stocks - notes payable
or the total value of the equity
= $1300 million - $300 million - $50 million - $120 million
= $830 million
therefore,
the stock's price per share = Total value of equity/ Total outstandings stocks
or
the stock's price per share = 830 million/30 million
or
the stock's price per share = $27.67
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A national grocer’s magazine reports the typical shopper spends 8 minutes in line waiting to check out. A sample of 18 shoppers at the local Farmer Jack’s showed a mean of 7.1 minutes with a standard deviation of 2.7 minutes.
Is the waiting time at the local Farmer Jack’s less than that reported in the national magazine? Use the 0.100 significance level.
a. What is the decision rule? (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.)
b. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.)
c. What is your decision regarding H0?
multiple choice
Do not reject H0
Reject H0
The decision would be to reject the null hypothesis. The value of the p value is seen to be less than that of the significance
How to solve for the lest statisticThe hypothesis is
H0: u ≥ 8
h1 : U < 8
a. find the critical value
degree of freedom = 18 - 1
= 17
t critical = -1.333
the decision rule is that if t ≥ -1.333, then you have to reject the null hypothesis. If it is the other way , you have to fail to reject the null hypothesis.
Using minitab, the test statistic for the test is given as -1.41, while the p value is given as 0.088. The test result from the Minitab output is added as an attachment to the question.
c. The decision would be to reject the null hypothesis. This is due to the fact that the p value is less than the level of significance that was stated at 10 percent.
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Using the aggregate expenditures-output model, if aggregate expenditures (aggregate demand) is $10 trillion and aggregate output is $10.3 trillion:
a. businesses will accumulate inventories, and output will decline.
b. real output will increase if the full-employment capacity of the economy is greater than $10.3 trillion.
c. inflation will be a problem if the full-employment capacity of the economy exceeds $10.3 trillion.
d. both b and c are correct.
Using the aggregate expenditures-output model, so if aggregate expenditures (aggregate demand) is $10 trillion and aggregate output is $10.3 trillion businesses will accumulate inventories, and output will decline.
When the aggregate expenditure is less than the aggregate output, the inventories will increase and prices will fall. Thus, the firms will then lower the production and also lay off workers in order to save on costs and lower prices to sell their inventory.
It is said that a change in the aggregate expenditures tends to circle through the economy - households buy from firms, then firms pay workers and suppliers, workers and suppliers buy goods from other firms, and so on.
Hence, option A is correct.
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Explain why it is important to understand a business’ vision, mission, values and objectives when developing a business plan. Give an example to illustrate your answer.
These crucial components will enable you to effectively communicate the character and values objectives of your company to potential partners, financiers, and business. Throughout the existence of your organization, these claims typically remain constant.
They can assist you make decisions and mould your company as it expands. The strategic plan of a company is built on the mission, vision, and values declarations. They communicate the organization's goals, strategy, and core business. Mission and vision statements perform three vital roles: they guide the development of strategies, communicate the organization's purpose to stakeholders, and help create quantifiable goals and objectives that can be used to assess the strategy's effectiveness.
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The following are the types of managers classified by levels except.
Select one:
A.
Lower level
B.
Middle level
C.
Top level
D.
Moderate level
The Lower Level, Middle Level & Top Level are the types of managers classified by levels.
Moderate Level is not included in this classification.
Explanation:The three levels of management in most organizations are top-level management, mainly responsible for overseeing all operations, middle-level management, responsible for executing plans and policies, and low-level management, responsible for direct task execution and deliverables.
8. A manager is trying to decide whether to purchase a certain part or to have it produced internally.
Internal production could use either of two processes. One would entail a variable cost of $17 per
unit and an annual fixed cost of $200,000; the other would entail a variable cost of $14 per unit
and an annual fixed cost of $240,000. Three vendors are willing to provide the part. Vendor A has
a price of $20 per unit for any volume up to 30,000 units. Vendor B has a price of $22 per unit for
Chapter Five Strategic Capacity Planning for Products and Services
demand of 1,000 units or less, and $18 per unit for larger quantities. Vendor C offers a price of
$21 per unit for the first 1,000 units, and $19 per unit for additional units.
a. If the manager anticipates an annual volume of 10,000 units, which alternative would be best
from a cost standpoint? For 20,000 units, which alternative would be best?
b. Determine the range for which each alternative is best. Are there any alternatives that are never
best? Which?
217
Vendor B exists still the lowest so they exists the best from an overall cost standpoint. The best alternative is going to be vendor B because it is the lowest in both calculations.
How to find the cost standpoint?The best alternative is going to be vendor B because it is the lowest in both calculations.
First of all, we would calculate 10,000 Units
The Total cost here = Fixed cost + Variable cost
Total Cost for Int1:
200,000 + 17 × 10000 = 200,000 + 170,000 = 370000
Total Cost for Int 1:
240,000 + 14 × 10000 = 240000 + 140000 = 380000
Total Cost for Vendor A:
20 × 10000 = 200000
Total Cost for Vendor B:
18 × 10000 = 180,000
Total Cost for Vendor C:
21 × 1000 + 19 × 9000 = 192000
We can see that Vendor B is the lowest. It is best from an overall cost standpoint
Secondly, we have to calculate for 20000 units
The Total cost = Fixed cost + Variable cost
Total cost for Int1:
200,000 + 17 × 20000 = 200,000 + 340,000 = 540000
Total cost for Int 1:
240,000 + 14 × 20000 = 240000 + 280000 = 520000
Total Cost for Vendor A:
20 × 20000 = 400000
Total Cost for Vendor B:
18 × 20000 = 360,000
Total cost for Vendor C:
21 × 1000+19 × 19000=382000
Vendor B exists still the lowest so they exists the best from an overall cost standpoint.
The complete question is:
A manager is trying to decide whether to purchase a certain part or to have it produced internally. Internal production could use either of two processes. One would entail a variable cost of $17 per unit and an annual fixed cost of $200,000; the other would entail a variable cost of $14 per unit and an annual fixed cost of $240,000. Three vendors are willing to provide the part. Vendor A has a price of $20 per unit for any volume up to its maximum capacity of 30,000 units. Vendor B has a price of $22 per unit for demand less than 1,000 units and $18 per unit for larger quantities. Vendor C offers a price of $21 per unit for the first 1,000 units and $19 per unit for additional units.
a. If the manager anticipates an annual volume of 10,000 units, which alternative would be best from a cost standpoint? For 20,000 units, which alternative would be best? (Omit the "$" sign in your response.)
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