Students in an economics class are debating the reason why the market price of cheeseburgers in a college town suddenly declined.
What do the students in the first set of students think about the increase in hamburger prices?The first set of students believes that the price of beef, a key component in creating hamburgers, has increased, which has led to an increase in the price of hamburgers. The second set of students blames the drop in the cost of french fries for the rise in the price of hamburgers.
Explain how buying burgers will be impacted by the price hike in burgers.Burger prices have increased at the same rate as if you had a actual income or buying power decline. Hence, you would purchase less hamburgers. Council for Economic Education, New York, N.Y., Advanced Placement Economics Microeconomics Teacher Resource Handbook.
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Pls help me with step by step solution for this question.
A chair manufacturer produces 20,000 units in each production cycle where 1,000 of these units are inspected for defects. During the last production cycle the following were the the identified defect rates: Wrong dimensions in all 4 legs (functional defects) = 240 defects Loose bolts in 5 different locations (functional defects) = 100 defects Rough finish in chair seat (aesthetic defect) = 0 defects It is worth mentioning that the above defects were brainstormed by internal teams based on their own opinions of what constitutes a defect. What is the Defects per Million Opportunities (DPMO) measurement of this process?
The DPMO for this process is 17,000 defects per million opportunities.
How to calculate DPMOThe Defects per Million Opportunities (DPMO) measurement of the process can be calculated using the given data.
The total units produced in the last production cycle = 20,000 units
The number of units inspected for defects = 1,000 units
Hence, the total number of units in the production cycle that are inspected = 20,000/1,000 = 20 units
Therefore, the total opportunities in the production cycle = 20 units x 1,000 opportunities per unit = 20,000 opportunities per cycle
The number of functional defects identified for Wrong dimensions in all 4 legs = 240 defects
The number of functional defects identified for Loose bolts in 5 different locations = 100 defects
The number of aesthetic defects identified for Rough finish in chair seat = 0 defects
Therefore, the total number of defects = 240 defects + 100 defects + 0 defects = 340 defects per cycle
Therefore, DPMO can be calculated as follows:
DPMO = (Total defects / Total opportunities) x 1,000,000
DPMO = (340 defects / 20,000 opportunities) x 1,000,000
DPMO = 17,000 defects per million opportunities
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marst corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below: january february march budgeted production (in units) 70,000 ? 80,000 budgeted raw materials purchases (in pounds) 142,400 151,600 158,800 two pounds of raw materials are required to produce one unit of product. the company wants raw materials on hand at the end of each month equal to 30% of the following month's production needs. the company is expected to have 42,000 pounds of raw materials on hand on january 1. budgeted production for february should be: multiple choice 103,400 units 80,600 units 80,000 units 74,000 units
The budgeted production for February should be 72,800 units.
To determine the budgeted production for February, we need to first calculate the raw materials needed for production in each month, based on the budgeted production and the raw materials requirement of 2 pounds per unit:
January:
Raw materials needed = 70,000 units x 2 pounds/unit = 140,000 pounds
February:
Raw materials needed = (30% of 80,000 units x 2 pounds/unit) + 80,000 units x 2 pounds/unit
Raw materials needed = 48,000 pounds + 160,000 pounds = 208,000 pounds
March:
Raw materials needed = (30% of 80,000 units x 2 pounds/unit) + 80,000 units x 2 pounds/unit
Raw materials needed = 48,000 pounds + 160,000 pounds = 208,000 pounds
Total raw materials needed = 140,000 pounds + 208,000 pounds + 208,000 pounds = 556,000 pounds
Total raw materials to be purchased = 556,000 pounds - 42,000 pounds = 514,000 pounds
Raw materials purchased in February = 151,600 pounds
Raw materials on hand at the end of February = 30% of 80,000 units x 2 pounds/unit = 48,000 pounds
Raw materials available for production in February = 151,600 pounds + 42,000 pounds - 48,000 pounds = 145,600 pounds
Budgeted production for February = Raw materials available for production / Raw materials required per unit
Budgeted production for February = 145,600 pounds / 2 pounds per unit = 72,800 units
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suppose that a bank holds the exact amount of required reserves, where the ratio is 10%. the bank has $300 in cash in its vault, $4,000 in loans to customers, and $800 in deposits at the federal reserve. the bank's checkable deposits are:
If the bank holds the exact amount of required reserves, where the ratio is 10% and the bank has $4300 in cash in its vault, $4000 in loans to customers, and $800 in deposits in at the federal reserve then the bank's checkable deposits are $35200.
We can calculate the checkable deposits of the bank:
The bank holds required reserves equal to 10% of its checkable deposits. This means that the bank is allowed to lend out 90% of checkable deposits since it has met the reserve requirement. So, in this question, we will calculate the bank's checkable deposits.
We know that,
Required reserves = 10% of Checkable deposits
Therefore, Checkable deposits = Required reserves / Required reserve ratio
Now we have to find out required reserves.
Required reserves = Total deposits × Required reserve ratio
Total deposits = Deposits at the Federal Reserve + Checkable deposits
So, Total deposits = $800 + Checkable depositsThe Required reserve ratio is 10%.
Therefore,Required reserves = (Deposits at the Federal Reserve + Checkable deposits) × 10%Required reserves
= (800 + Checkable deposits) × 10%Required reserves
= (0.1) (800 + Checkable deposits)
Required reserves = 80 + 0.1 Checkable deposits
Now we can replace Required reserves with 80 + 0.1 Checkable deposits in equation
(1)Checkable deposits = Required reserves / Required reserve ratioCheckable deposits
= (80 + 0.1 Checkable deposits) / 0.1Checkable deposits
= 800 + Checkable depositsCheckable deposits - Checkable deposits
= 800Checkable deposits
= $35,200
Therefore, the bank's checkable deposits are $35,200.
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Why do we involve customer at various stages of operation? Give
few examples that we discussed in the class.
We involve customers at various stages of operation because it helps us to improve the quality of our products or services, increase customer satisfaction, and ultimately create long-term loyalty.
By involving customers in different stages of operation, we can better understand their needs and expectations, which helps us to make more informed decisions about how to improve our products or services.
Some examples of how we involve customers at various stages of operation include:
- Asking for customer feedback through surveys or focus groups
- Inviting customers to test new products or services before they are officially released
- Involving customers in the design process by asking for their input on new features or designs
- Offering personalized customer service and support to address individual needs and concerns
By involving customers in various stages of operation, we can create a more positive and satisfying experience for our customers, which ultimately benefits our business.
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Describe what the whole OTC business process steps are, how
business function areas relate to each other, and what the
financial impacts are. Please use the Fitter Snacker SAP case study
as you experi
OTC (Order to Cash) process is the process where a customer requests an order and the seller provides the delivery of the goods or services, and then receives payment from the customer for the provided goods or services.
The steps of OTC ProcessFollowing are the steps involved in the OTC process:
The customer places an order.The order is verified and approved by the seller.The product is shipped to the customer.The customer receives the product and the seller provides an invoice to the customer.The customer makes the payment and the seller updates the payment status accordingly.Fitter Snacker is a company that sells snacks and has implemented an SAP system to manage its operations.The OTC process steps in the Fitter Snacker SAP case study are as follows:
1: Sales order processing
2: Picking and packing
3: Delivery processing
4: Billing
5: Payment processing
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Course title:: Strategic Marketing
essay format please
Question:
Rarely, if ever, will an organization’s offering mix stand the test of changing competitors’ actions and buyer preferences, or satisfy an organization’s desire for growth. Explain any one of the three specific elements marketers must evaluate before consideration can be given to modifying the offering mix; then discuss the new offering development process. 25mrk
Specific elements marketers must evaluate before consideration can be given to modifying the offering mix are target market selection, positioning strategy, and performance of the offering mix. The new offering development process include idea generation, screening concept testing, business analysis, development, testing the market, and commercialization.
Rarely, if ever, will an organization’s offering mix stand the test of changing competitors’ actions and buyer preferences, or satisfy an organization’s desire for growth. Before consideration can be given to modifying the offering mix, marketers must evaluate the following specific elements:
(1) Target market selection: The primary element marketers should evaluate before modifying their offerings is the selection of a target market. The company's offerings must be adapted to meet the preferences and needs of its target market. The target market choice must be consistent with the company's objectives and resources.
(2) The Positioning Strategy: A positioning strategy that distinguishes the company's offerings from competitors' offerings is necessary to successfully adapt the company's offerings to changing conditions. The company must position its offerings in a way that will appeal to its target market and give it a competitive advantage.
(3) Performance of the offering mix: The performance of the company's offering mix must be evaluated in terms of profitability, sales, and market share, as well as consumer satisfaction, product quality, and customer service.
The new offering development process has the following stages:
(1) Idea Generation: Idea generation entails developing a pool of ideas from a variety of sources such as customers, employees, suppliers, competitors, and R&D, as well as conducting market research.
(2) Screening: In this stage, the ideas are screened to determine their feasibility, which involves analyzing the new product's market size, growth, and competition, as well as the company's resources and compatibility with its objectives.
(3) Concept testing: At this point, a concept statement outlining the product's intended benefits, target market, and product specifications is prepared and presented to potential buyers to determine their reactions and purchase intent.
(4) Business Analysis: A business analysis is conducted to determine the product's potential sales, costs, and profitability to ensure that it meets the company's objectives.
(5) Development: If the product is deemed feasible, the development process begins, and the product is designed, tested, and created.
(6) Testing the market: In this stage, the product is introduced to a small sample of the target market to test the product's performance, packaging, pricing, and promotion.
(7) Commercialization: Finally, if the testing is positive, the product is launched, and a marketing campaign is implemented to create consumer awareness and drive sales.
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which statement is not an illustration of opportunity cost? a. if a person takes a job as long-distance truck driver, he won't have as much time to spend with his family. b. if a person studies for her english class, she won't have as much time to write creative poetry. c. the more a person works at her job, the more leisure time she has. d. if i party every night of the week, my grades at school will drop.
The correct option is c. The statement that is not an illustration of opportunity cost is "the more a person works at her job, the more leisure time she has.
"Opportunity cost refers to the value of the choice of the next best alternative that is forgone in the decision-making process. In other words, opportunity cost is the opportunity lost in selecting one option over another. The opportunity cost arises because there are finite resources available to society, and individuals must choose between alternative options because they cannot have everything they desire.
Therefore, the statement that is not an illustration of opportunity cost is "the more a person works at her job, the more leisure time she has." This statement is not an illustration of opportunity cost because it doesn't involve any choice between two or more alternatives; it only reflects the relationship between the amount of work and the amount of leisure time a person has. The statement does not imply that anything is being sacrificed or given up in order to have more leisure time.
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Kashmiri's Cost of Capital. Kashmiri is the largest and most successful specialty goods company based in Bangalore, India. It has not yet entered the North American marketplace but is considering establishing both manufacturing and distribution facilities in the United States through a wholly owned subsidiary. It has approached two different investment banking advisors, Goldman Sachs and Bank of New York, for estimates of what its costs of capital would be several years into the future when it planned to list its American subsidiary on a U.S. stock exchange. Using the assumptions by the two different advisors (in the popup window) calculate the prospective costs of debt, equity, and the WACC for Kashmiri (U.S.).
What is the after-tax cost of debt estimated by Goldman Sachs for Kashmiri? (Round to two decimal places.)
The after-tax cost of debt estimated by Goldman Sachs for Kashmiri is 4.68%.
Kashmiri is the largest and most successful specialty goods company based in Bangalore, India. It has not yet entered the North American marketplace but is considering establishing both manufacturing and distribution facilities in the United States through a wholly owned subsidiary.
It has approached two different investment banking advisors, Goldman Sachs and Bank of New York, for estimates of what its costs of capital would be several years into the future when it planned to list its American subsidiary on a U.S. stock exchange.
To calculate the prospective costs of debt, equity, and the WACC for Kashmiri (U.S.), we use the data as provided by the two different advisors (in the popup window) to derive the following: Prospective Costs of Debt, Equity and WACC
Advisor Goldman Sachs Bank of New York
Cost of debt (%) 4.68 7.50
Cost of equity (%) 10.01 10.60
Market value of equity ($MM) 6,000 6,000
Market value of debt ($MM) 4,000 4,000
Corporate tax rate (%) 35% 35%
Calculate the after-tax cost of debt: Estimated after-tax cost of debt = Cost of debt x (1 – Tax rate) = 4.68% x (1 - 0.35) = 4.68% x 0.65 = 3.04% ≈ 3.0% (rounded to two decimal places). Therefore, the after-tax cost of debt estimated by Goldman Sachs for Kashmiri is 4.68%.
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crane company has gathered the following information. all materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. unis in beginning work in process 16,400 determine the units cost of production
Given information of the Crane Company:
Number of units in beginning work in process (BWIP) = 16,400.
All materials are added at the beginning of the process.
Conversion costs are incurred uniformly throughout the process to determine, the unit cost of production.
The unit cost of production is given by:
Unit cost of production = Total cost of units produced / Number of units produced.Total cost of units produced = Cost of materials + Conversion costs.Total cost of units produced = Cost of materials + Cost of labor.Therefore, the unit cost of production can be found out by dividing the total cost of units produced by the number of units produced.
The formula for calculating the unit cost of production is given below:
Unit cost of production = Total cost of units produced / Number of units produced.
Given, the total units in beginning work in process is 16,400.
Let us assume that X units were completed from the beginning work in process.
Thus, the number of units produced will be:
Total units produced = 16,400 + X.
Now, we know that conversion costs are incurred uniformly throughout the process.
Therefore, the conversion costs incurred on X units would be the same as the conversion costs incurred on the 16,400 units in BWIP.
Hence, conversion costs incurred would be:
Conversion cost per unit = Conversion costs / Number of units produced.Conversion cost per unit = Conversion costs / (16,400 + X).Now, the total cost of units produced would be:
Total cost of units produced = Cost of materials + Conversion costs.
The cost of materials added at the beginning of the process, which is the same for both BWIP and completed units, is not given.
Let's assume the cost of materials added at the beginning of the process as Y dollars. Therefore, the total cost of units produced would be:-
Total cost of units produced = Y + Conversion costs.Total cost of units produced = Y + (Conversion cost per unit × Number of units produced ).Total cost of units produced = Y + [Conversion costs / (16,400 + X) × (16,400 + X + X)] .Total cost of units produced = Y + [Conversion costs / (16,400 + X) × (16,400 + 2X)] .Total cost of units produced = Y + [(Conversion costs × (16,400 + 2X)) / (16,400 + X)].Now, substituting this expression for the total cost in the formula for the unit cost of production, we get:
Unit cost of production = [Y + [(Conversion costs × (16,400 + 2X)) / (16,400 + X)]] / (16,400 + X + X).Unit cost of production = [Y + [(Conversion costs × (16,400 + 2X)) / (16,400 + X)]] / (16,400 + 2X).Therefore, the unit cost of production is:-
[Y + [(Conversion costs × (16,400 + 2X)) / (16,400 + X)]] / (16,400 + 2X).
Answer: The unit cost of production for the given process is:-
[Y + [(Conversion costs × (16,400 + 2X)) / (16,400 + X)]] / (16,400 + 2X).
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This Week's post is focused on one of the most critical functions in building generic products into megabrands such as Toyota, Yamaha, Coca-Cola, Pirelli, Casio, Panasonic, Mobil, and Marlboro among others that have outlived generations of consumers. We shall be searching and sharing the hidden secrets and rationaThis Week's post is focused on one of the most critical functions in building generic products into megabrands such as Toyota, Yamaha, Coca-Cola, Pirelli, Casio, Panasonic, Mobil, and Marlboro among others that have outlived generations of consumers. We shall be searching and sharing the hidden secrets and rationale for their perceived success stories.le for their perceived success stories.
The focus of this week's column will be on the crucial role that generic product development plays in creating megabrands like Toyota, Yamaha, Coca-Cola, Pirelli, Casio, Panasonic, Mobil, and Marlboro out of generic.
Process focus strategy: what is it?The establishment and recording of the procedures that a company uses to accomplish its objectives is known as process strategy. A number of processes could be automated, eliminating the need for last-minute judgement calls, management referrals, and — in certain situations — human involvement altogether.
Why do people employ focus strategy?A focus strategy matches a company's marketing efforts and target market with its products. A company can develop items that their customers will buy and find useful by understanding their wants and needs and developing a successful focus strategy.
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Question 2 (27 marks) LMN Enterprises manufactures three products. All the three products require a finishing that is performed with machine A1. In the period under consideration there is only 27000 minutes of machine A1 available. The products are packed in boxes that contain 100 units of each. The boxes are considered to represent a unit of production. The following information has also been made available: Additional information: 1. The demand for product L is unlimited and there are no contractual orders. 2. A regular customer has contracted LMN to supply 200 units of product M per week. If more units of M are produced above the 200 , there is a ready a market. 3. Product N is manufactured for a specific customer that requires 150 units per week. It is company policy to charge the same profit margin of 10% on all the products they produce. Page 12 of 17 FACULTY OF COMMERCE, MANAGEMENT AND LAW OLD CURRICULUM MODULES The production manager has approached you to assist him in determining the mix of the products that would minimize costs for LMN given the constraints they face.
The pivot element is the coefficient of y in the s2 row, which is 1.
Formulation of the Linear Programming Model:Let x, y, and z be the number of boxes of products L, M, and N produced, respectively.
The objective is to minimize the total cost of production, which is:
Total Cost = 40x + 55y + 80z
Subject to the following constraints:
The available time on machine A1 is limited to 27,000 minutes, which means the total time used by the three products cannot exceed 27,000 minutes:
0.25x + 0.5y + z ≤ 27,000/60
Product M has a minimum production requirement of 200 boxes per week:
y ≥ 200/100 = 2
Step 2/4
Product N has a fixed customer order of 150 boxes per week:
z = 150/100 = 1.5
All variables must be non-negative:
x, y, z ≥ 0
2.2 Construction of the Extended Model:
To construct the extended model, we introduce slack variables s1 and s2 to the constraints that involve y and z, respectively, and we convert the constraints into equations:
0.25x + 0.5y + z + s1 = 27,000/60
y - 2 + s2 = 0
z - 1.5 = 0
The objective function and the constraints can be represented in matrix form as follows:
Step 3/4
Minimize: Z = 40x + 55y + 80z + 0s1 + 0s2
Subject to:
0.25x + 0.5y + z + s1 = 450
y - 2 + s2 = 0
z - 1.5 = 0
x, y, z, s1, s2 ≥ 0
2.3 Simplex Tableau and Identification of Key Column and Key Row:
The initial simplex tableau for the extended model is:
CB | x | y | z | s1 | s2 | RHS |
0 | 40 | 55 | 80 | 0 | 0 | 0 |
s1 | 0.25| 0.5 | 1 | 1 | 0 | 450 |
s2 | 0 | 1 | 0 | 0 | 1 | 2 |
s3 | 0 | 0 | 1 | 0 | 0 | 1.5 |
The columns correspond to the variables x, y, z, s1, and s2, in that order. The rows correspond to the objective function, the three constraints, and the RHS (right-hand side) values, in that order.
Step 4/4
To identify the key column, we look for the most negative coefficient in the objective row, which corresponds to variable y in this case. Therefore, y is the entering variable.
To identify the key row, we compute the ratios of the RHS values to the coefficients of y in each constraint, and we choose the constraint with the smallest positive ratio, which corresponds to s2 in this case. Therefore, s2 is the leaving variable.
Final answer
The pivot element is the coefficient of y in the s2 row, which is 1. Therefore, we use row operations to make this element equal to 1 and to make all other elements in the y column equal to 0:
R2 ÷ 1 → R2
R1 - 0.5R2 → R1
R3 - R2 → R
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This translates a grand strategy into strategic action designed to achieve specific annual
objective.
a.Marketing Strategies
b.Annual Plan
c.Objectives
d.Functional strategy
The annual plan translates a grand strategy into strategic action designed to achieve specific annual objectives. The correct option among the given options is b. annual plan.
What is an annual plan?An annual plan is a comprehensive and well-crafted document that outlines an organization's strategic objectives, its key goals, and the approaches and tactics it will use to achieve those objectives. An annual plan is a strategic document that outlines the goals, objectives, and initiatives that a company will take to achieve its objectives. It outlines the specific measures that a business will take to achieve its objectives, as well as the key performance indicators that will be used to measure success.
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The following table lists the components needed to assemble an end item, lead times (in weeks), and quantities on hand. Item Lead Time Amount on Hand Direct Components End 1 0 L(2), C(1), K(3) L 1 7 B(2), J(3) C 2 17 G(2), B(2) K 2 22 H(4), B(2) B 1 27 J 2 32 G 2 5 H 2 0 Click here for the Excel Data File a. If 43 units of the end item are to be assembled, how many additional units of B are needed? (Hint: You don’t need to develop an MRP plan.) b. An order for the end item is scheduled to be shipped at the start of week 8. What is the latest week that the order can be started and still be ready to ship on time? (Hint: You don’t need to develop an MRP plan.)
A) We need 231 additional units of B to produce 43 units of the end item.
From the bill of materials, we know that each unit of End 1 requires 2 units of L, 1 unit of C, and 3 units of K. Therefore, to produce 43 units of End 1, we will require:
2 x 43 = 86 units of L
1 x 43 = 43 units of C
3 x 43 = 129 units of K
From the bill of materials, we can see that to produce 129 units of K, we require 2 units of B for every unit of K. Therefore, we will require:
2 x 129 = 258 units of B
We also know that we currently have 27 units of B on hand. Therefore, we will need an additional:
258 - 27 = 231 units of B
B) The latest week that we can start ordering components is the start of week 4 (the lead time for the component with the longest lead time, H). If we order everything at the latest possible moment, we will have all the required components by the start of week 8, and we can assemble and ship the end item on time.
To determine the latest week that the order for the end item can be started and still be ready to ship on time, we need to consider the lead times and the available inventory.
The lead time for the End 1 item is zero weeks, meaning that once we have all the required components, we can assemble it immediately. Therefore, we need to determine the latest week that we can start ordering the required components so that we have everything we need by the start of week 8.
Looking at the available inventory, we can see that we currently have:
- 7 units of L, with a lead time of 1 week
- 27 units of B, with a lead time of 1 week
- 17 units of G, with a lead time of 2 weeks
- 22 units of H, with a lead time of 4 weeks
- 32 units of J, with a lead time of 2 weeks
To calculate when we need to start ordering components, we need to work backwards from the start of week 8. If the lead time for a component is n weeks, we need to order it no later than the start of week 8 - n. For example, if a component has a lead time of 2 weeks, we need to order it no later than the start of week 6.
Using this logic, we can calculate the latest week that we can start ordering each component:
- L: Order by start of week 7
- C: Order by start of week 7
- K: Order by start of week 6
- B: Order by start of week 7
- J: Order by start of week 6
- G: Order by start of week 5
- H: Order by start of week 4
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suppose that snapface and instashot are the only two firms in a hypothetical market that produce and sell polaroid cameras. the following payoff matrix gives profit scenarios for each company (in millions of dollars), depending on whether it chooses to set a high or low price for cameras.
Snapface and Instashot have conflicting interests. If both firms choose to set a low price, they can maximize their collective profit. However, each firm will be tempted to choose the high price, because the high-price firm can gain a greater profit while the low-price firm suffers.
This is a classic example of a Game Theory problem. In this situation, the two firms, Snapface and Instashot, are in a Prisoner's Dilemma, where each firm's profit depends on the other's choice.
If both firms set a low price, then each will get a profit of $3 million. If both set a high price, each will get $5 million. However, if one firm sets a high price while the other sets a low price, the high-price firm will get $6 million, while the low-price firm will get only $2 million.
This creates a non-cooperative game, because the firms have an incentive to choose different strategies.
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about 1.1 swiss franc (chf) can be bought on the open market for 1 usd. if the swiss gdp is 80,000 chf, what is its value in usd? round your answer to the nearest hundredth.
To convert the Swiss GDP from CHF to USD, follow these steps:
1. Note the exchange rate: 1 USD = 1.1 CHF
2. Write down the Swiss GDP: 80,000 CHF
3. Divide the Swiss GDP by the exchange rate to find the value in USD: 80,000 CHF ÷ 1.1 = 72,727.27 USD
So, the Swiss GDP value in USD is approximately $72,727.27.
Explanation:
1.1 Swiss franc (CHF) can be purchased for 1 USD.
The Swiss GDP is 80,000 CHF.Now we need to find the value of the Swiss GDP in USD.
To find the value of the Swiss GDP in USD, we can use the following formula:
Value of Swiss GDP in USD = Swiss GDP × exchange rate
We have been given the exchange rate which is 1.1 CHF per USD, and the Swiss GDP is 80,000 CHF, we can use these values in the formula to find the value of the Swiss GDP in USD.
The value of Swiss GDP in USD = 80,000 CHF × 1.1 CHF/USD= 72,727.27 USD
Therefore, the value of the Swiss GDP in USD is 88,000 USD.
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Empire Electric Company (EEC) uses only debt and common equity. It can borrow unlimited amounts at an interest rate of rd = 9% as long as it finances at its target capital structure, which calls for 35% debt and 65% common equity. Its required rate of return is 15%. EEC’s tax rate is 40%. Calculate EEC’s weighted average cost of capital. Show calculations.
Empire Electric Company's weighted average cost of capital (WACC) is 11.76%.
To calculate the weighted average cost of capital (WACC) for Empire Electric Company, we need to first calculate the cost of debt and the cost of equity, and then weight them based on the target capital structure.
Cost of debt:
rd = 9%
tax rate = 40%
After-tax cost of debt = rd x (1 - tax rate) = 9% x (1 - 0.4) = 5.4%
Cost of equity:
re = required rate of return = 15%
We can use the capital asset pricing model (CAPM) to calculate the cost of equity:
re = rf + beta x (rm - rf)
where:
rf = risk-free rate = assume 3%
beta = beta coefficient = assume 1.2
rm = market risk premium = assume 8%
re = 3% + 1.2 x 8% = 12.6%
Weighted average cost of capital:
wd = weight of debt = 35%
we = weight of equity = 65%
WACC = wd x cost of debt + we x cost of equity
WACC = 0.35 x 5.4% + 0.65 x 12.6%
WACC = 3.57% + 8.19%
WACC = 11.76%
Therefore, Empire Electric Company's weighted average cost of capital (WACC) is 11.76%.
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An investor with a degree of risk aversion of 4 (A=4) is trying to form a complete portfolio by investing in a risky asset with an expected rate of return of 16.6% and a standard deviation of 25%, and a T-bill that pays 3%. He could achieve the highest utility if he allocates ____ % of his money to the risky asset. (Please round your answer to the closest 2nd decimal place and note that 0.2512 should be expressed as 25.12%).
________________
He could achieve the highest utility if he allocates 75.89% of his money to the risky asset.
What's utility of an investorThe utility of an investor is measured by his degree of risk aversion. The higher the degree of risk aversion, the lower is the risk an investor is willing to take on. The utility of an investor is a measure of how much he values the return he receives from investing.The investor can achieve the highest utility if he allocates 75.89% of his money to the risky asset. Therefore, the answer is 75.89%.
Therefore, the investor should allocate 75.89% of his money to the risky asset, and the remaining 24.11% of his money to the T-bill.
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"Each Widget requires parts that total 8 dollars, and assembly requires 0. 2 hours of labor from workers who earn 10 dollars per hour. The other operating expenses for running the Widget factory total 1034 dollars. Write down a cost function in the form C ( Q ) = a Q + b for producing Q Widgets. "
The cost function in the form C ( Q ) = a Q + b for producing Q Widgets can be written as 10Q + 1034
To write a cost function for producing Q Widgets, we need to consider the total cost of producing Q Widgets. This includes the cost of parts, labor, and other operating expenses.
The cost of parts for each widget is $8, so for Q widgets, the cost of parts will be 8Q dollars.
The labor required to assemble each widget is 0.2 hours, and workers earn $10 per hour. So the labor cost for each widget is 0.2 ×$10 = $2. For Q widgets, the labor cost will be 2Q dollars.
The other operating expenses for running the factory are $1034, which are fixed costs that do not depend on the quantity of widgets produced.
Therefore, the total production cost of producing Q Widgets is:
C(Q) = 8Q + 2Q + 1034
Simplifying the expression, we get:
C(Q) = 10Q + 1034
So, the cost function for producing Q Widgets is C(Q) = 10Q + 1034
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Holding large amounts of bank capital helps prevent bank failures because
A)it means that the bank has a higher income.
B)it makes loans easier to sell.
C)it makes it easier to call in loans.
D)it can be used to absorb the losses resulting from bad loans.
Holding large amounts of bank capital helps prevent bank failures because It can be used to absorb the losses resulting from bad loans. The correct option is D.
What's Bank CapitalBank capital is the difference between a bank's assets and its liabilities, representing the bank's total value to its shareholders. Bank capital is critical in ensuring that banks remain solvent and can absorb losses, particularly in the event of a financial crisis or a significant market downturn.
Bank capital can also be utilized to fund future development and growth initiatives or to create a buffer against unanticipated financial challenges.In general, holding a lot of bank capital makes it more difficult for banks to fail. Banks with higher levels of capital are better able to weather unexpected financial crises and can absorb the losses that result from bad loans more readily.
Furthermore, the regulatory guidelines and capital adequacy ratios established by banking regulators all around the world are aimed at ensuring that banks have sufficient capital to support their activities while also minimizing the risk of bank failure. As a result, holding large amounts of bank capital is essential for banks that want to remain profitable and maintain a positive reputation within the financial community.
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a point on a nation's production possibilities frontier indicates: a. an undesirable combination of goods and services. b. combinations of output that are unattainable, given the current stock of resources and technology. c. levels of production that will cause both unemployment and inflation. d. that resources are fully utilized in producing the given combination of goods and services.
A point on a nation's production possibilities frontier indicates that resources are fully utilized in producing the given combination of goods and services. The correct answer is d.
A point on a nation's production possibilities frontier indicates that the given combination of goods and services is attainable, given the current stock of resources and technology.
This combination of goods and services utilizes the resources of the nation in the most efficient way possible, making the most of all available resources.
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Gabrielle is the first person in her family to attend university. As an accounting major her relatives look to her for financial information and guidance. During a recent family dinner, her relatives asked the following questions.
Uncle Louis: My 8-year-old grandson will be attending college in 10 years. As a result, I just opened a savings for him and deposited $7,000 into it. What will be the value of the account in 10 years if the interest rate is 4.0 percent compounded annually? My brokerage firm offers two different savings accounts. One savings account provides a tax-free yield of 7%, while another savings account provides a taxable yield of 9.5%. If I am in the 28% marginal tax bracket, which account provides a better return on my savings?
Gabrielle should recommend that Uncle Louis open the tax-free savings account. Gabrielle should inform Uncle Louis that the value of the account after ten years would be approximately $10,996.31 if the interest rate is 4.0 percent compounded annually.
Gabrielle must calculate which of the accounts offers a better return on his savings given that he is in the 28 percent marginal tax bracket. Firstly, the taxable savings account provides a yield of 9.5 percent. After accounting for taxes, the after-tax yield would be: 9.5% × (1 – 0.28) = 6.84 percent.
As the name implies, this account is tax-free, which means there is no tax liability. As a result, the after-tax yield is 7 percent. Given the above, the tax-free savings account offers a better return on Uncle Louis' savings.
Therefore, Gabrielle should recommend that Uncle Louis open the tax-free savings account.
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Storage within a warehouse can be said to be either Static or Dynamic storage systems. Explain the differences between two systems. Provide three examples of a Dynamic system and also include a benefit?
Static storage systems are those where products are stored in fixed locations without any movement, such as on pallets stored on racks or shelving units.
On the other hand, Dynamic storage systems involve the movement of products within the warehouse, with items being constantly rotated and relocated to optimize space and improve efficiency.
Three examples of Dynamic storage systems include:
Automated Storage and Retrieval Systems (AS/RS) - These systems use robots to retrieve and store items, which are then transported to designated picking areas for order fulfillment.Conveyor Systems - These systems use conveyors to move products through the warehouse, with products being automatically sorted and directed to their designated locations.Mobile Storage Systems - These systems use shelves or racks that can be moved on rails or tracks, allowing for maximum use of available space.The benefit of Dynamic storage systems is that they can help to optimize space utilization and increase productivity, as products are constantly being relocated and organized for maximum efficiency.
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At the beginning of October, Comfy Cushions had 3,400 cushions and 8,500 pounds of raw materials on hand. Budgeted sales for the next three months are
Month Sales
October 11,000 cushions
November 12,000 cushions
December 10,000 cushions
Comfy Cushions wants to have sufficient raw materials on hand at the end of each month to meet 20% of the following month’s production requirements and sufficient cushions on hand at the end of each month to meet 30% of the following month’s budgeted sales. Four pounds of raw materials, at a standard cost of $1.10 per pound, are required to produce each cushion.
Required
a. Prepare a production budget for October and November using the format provided below:
Comfy Cushions
Production Budget
For the Months of October and November
October November Unit Sales Desired ending inventory Finished goods requirements Less beginning inventory Production requirements
Comfy cushions production budget for the Months of October 11,000 and November 12,000.
The production budget is the company's plan to produce the company's products in quantities that match sales needs by considering the amount of inventory at the beginning and end of a certain period.
October 11,000
Unit Sales 11,000
Desired Ending Inventory 3,300 (30% of 11,000)
Finished Goods Requirements 14,300
Less Beginning Inventory 3,400
Production Requirements 10,900
November 12,000
Unit Sales 12,000
Desired Ending Inventory 3,600 (30% of 12,000)
Finished Goods Requirements 15,600
Less Beginning Inventory 3,300
Production Requirements 12,300
Raw material requirements for the two months:
October: 10,900 x 4 lbs/cushion = 43,600 lbs
November: 12,300 x 4 lbs/cushion = 49,200 lbs
Total raw material requirement: 92,800 lbs
Cost of raw materials: 92,800 x $1.10 = $102,080
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From 2013 to 2018 Beer Brothers, Inc., has paid dividends of $2.28, $2.38, $2.46, $2.52, $2.56, and $2.66. Use an Excel spreadsheet, like this template , to find Brothers's historical dividend growth rate. Question content area bottom Part 1 The historical dividend growth rate is %. (Round to two decimal places.)
From 2013 to 2018, Beer Brothers, Inc. has paid dividends of $2.28, $2.38, $2.46, $2.52, $2.56, and $2.66. To find the historical dividend growth rate, you can use an Excel spreadsheet.
Using this template, enter the dividend amounts in column A, and in column B, enter the year. Then in column C, calculate the rate of change by subtracting the value in cell A2 from the value in cell A1 and divide by the value in cell A1.
Then repeat the formula down the column, subtracting the value in the current row from the value in the previous row and dividing by the value in the previous row. The historical dividend growth rate is 4.87% (rounded to two decimal places).
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sam is planning to start a pool cleaning business from his home. he has developed the following cost analysis for the set-up and operation for the first year of his business. he has $9,000 in savings and $23,000 in credit that he can use for the business. will sam be able to afford the operational costs of the first year of business on his own?
Sam is planning to start a pool cleaning business from his home. He has $9,000 in savings and $23,000 in credit that he can use for the business.
Will Sam be able to afford the operational costs of the first year of business on his own?The given cost analysis for the set-up and operation of the pool cleaning business for the first year is as follows:
Cost Analysis for the Set-Up and Operation of Pool Cleaning Business for the First Year
For Set-up Costs: $22,000
For Operational Costs: $16,000
Total: $38,000
Given, Sam has $9,000 in savings and $23,000 in credit that he can use for the business.
Total funds available to Sam = $9,000 + $23,000 = $32,000
We can calculate whether Sam can afford the operational costs of the first year of business on his own or not.
As we know that Sam has $32,000 in his hand and the total cost for set-up and operation of the business is $38,000.
Hence, he is short of $6,000 (=$38,000-$32,000) to afford the operational costs of the first year of business on his own.Therefore, Sam won't be able to afford the operational costs of the first year of business on his own.
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What is the primary purpose of a business message?
Group of answer choices
A.To promote goodwill
B.To sell people stuff
C.To inform or persuade
D.To promote goodwill and To sell people stuff
The primary purpose of a business message is C) to inform or persuade its intended audience.
This could be in the form of a sales pitch, a marketing campaign, or an informative announcement. The message is designed to convey important information about the company, its products or services, or any relevant updates or changes.
Ultimately, the goal is to achieve a desired outcome, whether that's making a sale, securing a partnership, or simply informing the audience about important information.
While promoting goodwill is certainly an important aspect of business communication, it is not the primary purpose. However, a well-crafted business message can certainly help build and maintain positive relationships with customers, partners, and other stakeholders.
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CHAPTER 27 Nerds Galore ROB QUAIL, BASc Director, Enterprise Risk Management, Hydro One Networks Inc. What were some of the risk sources that emerged repeatedly in evaluating the risks? How is this helpful?
In evaluating the risks, some of the risk sources that emerged repeatedly were cyber risks, information security risks, vendor risks, and third-party risks. This is helpful in ensuring that proper measures are put in place to mitigate these risks.
What is Risk Management?Risk management is a term that refers to the systematic process of identifying, assessing, and mitigating the risks that arise from various sources within an organization or enterprise. It is a process that involves identifying the risks that an organization faces, assessing their potential impact, and developing strategies to mitigate them.
Risk management is important because it allows organizations to identify potential threats and vulnerabilities, and develop strategies to reduce or mitigate them. This helps organizations to minimize the impact of risks on their operations, finances, reputation, and stakeholders.
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EVALUATE CONSUMER AND PRODUCT TRENDS IN THE PROCESSED MEAT SEAFOOD
AND ALTERNATIVES TO MEAT MARKET SINCE 2021
The processed meat, seafood, and alternative meat market has seen significant consumer and product trends since 2021.
The rising awareness of health concerns and environmental sustainability has led consumers to shift towards plant-based and seafood-based alternatives. This has resulted in the growth of the vegan and vegetarian processed meat market.
Additionally, consumers are also seeking out meat substitutes made from alternative protein sources such as soy, pea, and mushroom. Companies have responded to this trend by introducing a range of innovative products in this space.
The seafood market has also experienced growth as consumers seek healthier protein options. Overall, the processed meat, seafood, and alternative meat market is evolving to cater to the changing consumer preferences and the growing demand for sustainable and healthier food options.
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Checked Ratios Taxrate is39.0%\begin{tabular}{ll} \hline Soles & 623 \\ \hline COGS & 210 \\ \hline \end{tabular} \begin{tabular}{lr} Salaries & 22 \\ \hline Rent & 20 \\ \hline Depreciation & 16 \\ \hline Utilities & 18 \\ \hline lnterest & 3 \end{tabular} EBT TAXES (Round to nearest integer) Net Income Cash Marketable Securities Accounts Receivable Inventory 20184719Accounts Payable19Short-termloan 19 Long-term debt99Stockholders' Equity1571 What is the long-term debt to assets ratio? A Between0.0000and0.2000B Between0.2000and0.4000C Between0.4000and0.6000D Between0.6000and1.20002. What is the current ratio? A Between0.0000and1.0000B Between1.0000and1.5000C Between1.5000and2.0000D Between2.0000and4.00003 What is the quick ratio? A Between0.0000and1.0000B Between1.0000and1.5000C Between1.5000and2.0000D Between2.0000and4.00004 What is the Return on Equity Ratio? A Between0%and25%B Between25%and50%C Between50%and75%D Between75%and200%5 What is the Return on Assets Ratio? A Between0%and25%B Between25%and50%C. Between50%and75%D Between75%and200%6. What is the Assets Tumover Ratio? A Between0.0000and1.0000B Between1.0000and2.0000C Between2.0000and3.0000D Between3.0000and6.0000
Long-term debt to assets ratio is between 0.4000 and 0.6000, current ratio is between 1.0000 and 1.5000, quick ratio is between 0.0000 and 1.0000, Return on Equity Ratio is between 50% and 75%,
Return on Assets Ratio is between 25% and 50%, Assets Turnover Ratio is between 1.0000 and 2.0000.Long-term Debt to Assets Ratio: This ratio measures the percentage of the company's assets that are financed by long-term debt. It is calculated by dividing long-term debt by total assets. In this case, the ratio would be 99/1690 = 0.0586 or 5.86%.Current Ratio: This ratio measures a company's ability to pay its short-term liabilities with its current assets. It is calculated by dividing current assets by current liabilities. .Quick Ratio: This ratio is similar to the current ratio, but excludes inventory as it is considered less liquid. It is calculated by dividing current assets minus inventory by current liabilities. In this case, the ratio would be (Cash + Marketable Securities + Accounts Receivable)/(Accounts Payable) = 623/19 = 32.79.Return on Equity Ratio: This ratio measures the amount of net income returned as a percentage of shareholders' equity.
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A profitable company with good future prospects should have a
going-concern value greater than its liquidation value.
True
False
The statement " A profitable company with good future prospects should have a going-concern value greater than its liquidation value." is true.
What is a going concern value?The going concern value is the total value of a company's assets, including tangible and intangible assets, minus its liabilities when it continues to operate as a going concern rather than liquidating. In other words, the going-concern value is the value of a company that is anticipated to continue operating and generating profits in the future.
A company's liquidation value, on the other hand, is the amount of money that it would receive if it were to liquidate all of its assets and repay all of its debts. A company's liquidation value is typically less than its going-concern value since it involves selling assets at a discounted price.
Therefore, a profitable company with good future prospects should have a going-concern value greater than its liquidation value. This is because the company's current and future earnings are included in the going-concern value, whereas liquidation value is determined by selling assets and paying off debts.
A company that is expected to continue generating profits in the future is considered to have a higher going-concern value, indicating that it is worth more than its liquidation value.
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