National Corporation needs to set a target price for its newly designed product M14–M16. The following data relate to this new product.
Per Unit Total
Direct materials $23
Direct labor $45
Variable manufacturing overhead $12
Fixed manufacturing overhead $1,296,000
Variable selling and administrative expenses $ 10
Fixed selling and administrative expenses $ 1,134,000
These costs are based on a budgeted volume of 80,000 units produced and sold each year. National uses cost-plus pricing methods to set its target selling price. The markup percentage on total unit cost is 35%.
Required:
a) Compute the total variable cost per unit, total fixed cost per unit, and total cost per unit for M14–M16.
b) Compute the desired ROI per unit for M14–M16. (Round answer to 2 decimal places, e.g. 10.50.)
Answers
Answer:
Total Variable Costs per unit $ 90
Total Fixed Cost per unit $ 30.375
Total Unit Costs= $ 120.375
The investor will receive a benefit of $ 1.13 per unit .
Explanation:
National Corporation
M14–M16
Per Unit Total
Direct materials $23 1840,000
Direct labor $45 3600,000
Variable manufacturing overhead $12 960,000
Fixed manufacturing overhead $1,296,000
Variable selling & Admin. expenses $ 10 800,000
Fixed selling and administrative expenses $ 1,134,000
Total Variable Costs per unit $ 90
Direct materials $23
Direct labor $45
Variable manufacturing overhead $12
Variable selling & Admin. expenses $ 10
Total Fixed Cost per unit $ 30.375
Fixed manufacturing overhead =$1,296,000/ 80,000= $ 16.2
Fixed selling and administrative expenses = $ 1,134,000 / 80,000 = $ 14.175
Total Unit Costs= Total Variable Costs per unit + Total Fixed Cost per unit
=$ 90 + $ 30.375= $ 120.375
Return on investment measures the benefit an investor will receive in relation to their investment cost.
Desired ROI per unit + Fixed Cost= Mark Up Percentage * Variable Cost Per Unit
Putting values in the above
Desired ROI per unit + $ 30.375= 35 % * $ 90
Desired ROI per unit = 31.5- 30.375
Desired ROI per unit = $ 1.125= $ 1.13
The investor will receive a benefit of $ 1.13 per unit .
Related Questions
What is a tax free savings account that can only be used for educational expenses
Answers
A tax-free savings account that can only be used for educational expenses is called a 529 plan, which is specifically designed for education purposes and includes education expenses such as tuition, fees for books, etc.
What is the significance of the savings account?Savings accounts keep track of personal expenses such as a person's bank balance, which can be withdrawn when needed; savings accounts earn interest as a result, the money grows over time and helps the person get a loan with a certain amount, etc.
Hence, tax-free savings account that can only be used for educational expenses is called a 529 plan, which is specifically designed for education purposes and includes education expenses such as tuition, fees for books, etc.
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Considering the (small) data table below (if a customer likes a flavor, that is indicated with a "Y"),
what is the lift ratio for the rule, "If you like Oregon Strawberry and Tillamook Mudslide, then
you'll like Caramel Toffee Crunch"? Please round your answer (not your work in progress!) to the
nearest 0.01.
Answers
PLEASE HELP ILL GIVE BRAINLIEST ANSWER
James works as a distribution manager at a very large port. He oversees the storage of shipping containers that have been offloaded from large carriers and directs which trucking company will take the containers further along their path to the consumer. The pathway in the Transportation and Logistics cluster that James’s job falls into is _____.
Facility & Mobile Equipment Maintenance
Logistics, Planning and Management Services
Transportation and Operations
Warehousing & Distribution Center Operations
Answers
Distribution management refers to the process of overseeing the movement of goods from supplier or manufacturer to point of sale. It is an overarching term that refers to numerous activities and processes such as packaging, inventory, warehousing, supply chain, and logistics.
Roberson Corporation manufactured 30,000 ice chests during September. The variable overhead cost-allocation base is $11.25 per machine-hour. The following variable overhead data pertain to September:
Actual Budgeted
Production 30,000 units 24,000 units
Machine-hours 15,000 hours 10,800 hours
Variable overhead cost per machine-hour: $11.00 $11.25
What is the flexible-budget amount?
Answers
Answer:
$151,875
Explanation:
Calculation for the flexible-budget amount
Using this formula
Flexible-budget amount=Actual Production units×(Budgeted Machine-hours/Budgeted Production units)×Budgeted Variable overhead cost per machine-hour
Let plug in the formula
Flexible-budget amount=30,000 × (10,800/24,000) × $11.25
Flexible-budget amount=30,000×0.45×$11.25
Flexible-budget amount= $151,875
Therefore the Flexible-budget amount is $151,875
I need help!!
What is considered a negative impact caused by a strike?
a. Loss of profits
b. Loss of wages
c. Loss of jobs
d. all of the above
Answers
Answer:
d
Explanation:
hope this helps
Do you believe that Mrs. Wyatt was justified in her perception of the situation? Explain.
Answers
Mrs. Wyatt may or may not have been justified in her perception of the situation. It is possible that she felt that she was being ignored or treated unfairly, and that the bank employee was not taking her seriously.
Here are some factors that may have influenced Mrs. Wyatt's perception of the situation:
Her personal experiences. Mrs. Wyatt may have had previous negative experiences with banks, which may have made her more likely to feel that she was being treated unfairly.The bank employee's body language and tone of voice. If the bank employee was not making eye contact with Mrs. Wyatt or was speaking to her in a condescending tone, this could have made her feel like she was being ignored or treated unfairly.The length of time she had to wait. If Mrs. Wyatt had to wait a long time to be served, this could have made her feel frustrated and impatient, which could have made her more likely to perceive the situation negatively.It is important to note that everyone experiences situations differently. What may seem like a minor inconvenience to one person could be a major source of frustration or anger for another. It is also important to remember that bank employees are human beings, and they are not perfect.
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Mauro Products distributes a single product, a woven basket whose selling price is $28 per unit and whose variable expense is $20 per unit. The company’s monthly fixed expense is $20,800. Required: 1. Calculate the company’s break-even point in unit sales. 2. Calculate the company’s break-even point in dollar sales. (Do not round intermediate calculations.) 3. If the company's fixed expenses increase by $600, what would become the new break-even point in unit sales? In dollar sales? (Do not round intermediate calculations.)
Answers
Answer:
1. 2600 units
2. $72,800
3. 2,675 units
4. $74,900
Explanation:
Provided,
Sales price per unit = $28
Variable cost per unit = $20
Thus, Contribution per unit = Sales price - variable cost = $28 - $20 = $8
Contribution as percentage = \(\frac{8}{28} \times 100 = 28.57\)
Fixed Cost = $20,800
1. Break even point in unit sales = \(\frac{Fixed\ Cost}{Contribution\ per\ unit}\) = \(\frac{20,800}{8} = 2,600\ units\)
2. Break even point in dollars = Break even point in units \(\times\) sales price per unit
= 2,600 \(\times\) $28 = $72,800
Or straight break even point in dollars = \(\frac{Fixed\ cost}{Contribution\ percentage} = \frac{20,800}{0.2857} = 72,800\ dollars\)
3. In case fixed cost increase by $600
New fixed cost = $20,800 + $600 = $21,400
Thus, break even point in units shall be = \(\frac{21,400}{8} = 2,675\ units\)
4. Break even point in sales = \(\frac{21,400}{0.2857} = 74,900\ dollars\)
what business deals with social
Answers
Answer:
free r o b u x
free v buck
free gift card
Using activity-based costing to make decisions
Dino Dog Collars uses activity-based costing. Dino's system has the following features:
Predetermined Overhead
Activity
Allocation Base
Allocation Rate
Purchasing Number of purchase orders $ 65.00 per purchase order
Assembling Number of parts
0.36 per part
Packaging Number of finished collars
0.25 per collar
Each collar has four parts, direct materials cost is $9.00 per collar, and direct labor cost
is $4.00 per collar. Suppose Animal Hut has asked for a bid on 25,000 dog collars. Dino
will issue a total of 150 purchase orders if Animal Hut accepts Dino's bid.
Requirements
1. Compute the total estimated cost Dino will incur to purchase the needed materials
and then assemble and package 25,000 dog collars. Also compute the cost per collar.
2. For bidding, Dino adds a 40% markup to total cost. What total price will the
company bid for the entire Animal Hut order?
3. Suppose that instead of an ABC system, Dino has a traditional product costing
system that allocates indirect costs at the rate of $9.60 per direct labor hour. The dog
collar order will require 12,000 direct labor hours. What total price will Dino bid using
this system's total cost?
4. Use your answers to Requirements 2 and 3 to explain how ABC can help Dino
make a better decision about the bid price it will offer Animal Hut.
Answers
Dino Dog Collars calculates the cost of producing 25,000 dog collars using activity-based costing. The total estimated cost, cost per collar, and bid price are calculated with a 40% markup.
What is the importance of ABC to management decision making?ABC is an accounting methodology that assigns indirect costs to products or services based on the activities that generate those costs. Unlike traditional costing methods, which allocate indirect costs based on a single cost driver, ABC allocates costs based on multiple cost drivers, providing a more accurate picture of a product's or service's true cost. ABC's value to management decision making stems from its ability to provide more accurate and relevant cost information. Managers can use ABC to determine which activities are causing costs, where inefficiencies exist, and how to optimise processes to reduce costs and increase profitability. ABC assists managers in making informed pricing decisions by providing a better understanding of the true cost of products and services.
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Warehouses
WI
W2
W3
S1
14
12
10
Stores
S2
16
14
16
S3
12
10
8
S4
20
8
15
Answers
Based on the given information, it appears to be a representation of quantities of goods stored in warehouses and sold in stores.
The warehouses are labeled as WI, W2, and W3, while the stores are labeled as S1, S2, S3, and S4. The numbers listed below each warehouse represent the quantities of goods stored in each warehouse, while the numbers listed below each store represent the quantities of goods sold in each store.
For example:
- Warehouse WI has 14 units of goods.
- Warehouse W2 has 12 units of goods.
- Warehouse W3 has 10 units of goods.
Similarly, for the stores:
- Store S1 has sold 16 units of goods.
- Store S2 has sold 14 units of goods.
- Store S3 has sold 12 units of goods.
- Store S4 has sold 20 units of goods.
It seems to be a simple inventory representation, showing the quantities of goods stored in each warehouse and sold in each store.
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Which budgeting questions should Sara ask when deciding whether to rent or buy a house?
Answers
Answer:
The questions are -
1. Is Sara able to afford the price for buying home.
2. If Sara has to live the place for small amount of time or for long time ( for small amount of time renting is better option ).
3. Is there any option to park the fund to any other investment where from she will be getting extra benefits ?
4.If she buy the house then apart from buying price , there are more expense like operations and management . So is Sara has to keep these things in mind while choosing between buying or renting.
An employee has year-to-date earnings of . The employee's gross pay for the next pay period is . If the FICAOASDI is % and the wage base is , how much FICAOASDI tax will be withheld from the employee's pay? (Answer is rounded to whole dollar.)
Answers
Answer:
$192
Explanation:
Calculation for how much FICA-OASDI tax will be withheld from the employee's pay?
FICA-OASDI tax=($117,000-$113,900)*6.2%
FICA-OASDI tax=$3,100*6.2%
FICA-OASDI tax=$192
Therefore how much FICA-OASDI tax will be withheld from the employee's pay is $192
Discusses the effective and ethical use of graphics. Write at least two paragraphs explaining this section. Include specific examples.
Answers
Many accept morals for graphicsought to be founded on help, and that aiding others is something to be thankful for to do. With information and admittance to devices that can coordinate individuals' considerations and activities.
Design ethics assist with deciding elements that should be in items and administrations or highlights that should not be. Plan morals help with surveying the moral importance or moral worth of the items that outcome from the action of planning. For example, Signal is a solid telephone and courier application explicitly intended to safeguard its client's security.
The best ethical design practice is foster plans that mainly gather individual data that is to the greatest advantage of the clients.
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How are marketers using spam text messages to their advantage?
Answers
Marketers use spam text messages to their advantage : as a way to reach a large amount of potential customers quickly and inexpensively.
Who is a marketers?A marketer can be defined as the person that help to create awareness about a company product or brand so as to increase sales thereby leading to more income or profit for the company.
Although , sending out unsolicited text messages can be illegal in some countries based on this it is important for marketers to obtain prior consent from individuals before sending them text messages and to provide an easy way for people to opt out of receiving further messages.
Therefore spam text messages is a way to reach a large amount of potential customers quickly and inexpensively.
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Assume a company has variable manufacturing costs of $20 per unit and total fixed manufacturing overhead per period is $150,000. In its first year of the operations, the company produced 12,500 units and reported absorption costing net operating income of $38,000 and variable costing net operating income of $20,000.
Requried:
How many units did the company sell in its first year of operations?
Answers
Answer:
11,000
Explanation:
150,000/12,500=12
38,000-20,000=18,000
18,000/12=1,500
12,500-1,500=11,000
The units sold during the first year of operations are 11,000 units.
Data and Calculations:
Variable manufacturing costs per unit = $20
Total fixed manufacturing overhead for the period = $150,000
Production units in the first year of operations = 12,500
Absorption costing's net operating income = $38,000
Variable costing's net operating income = $20,000
Fixed manufacturing overhead per unit = $12 ($150,000/12,500)
The difference between Absorption costing net operating profit and variable costing net operating income = $18,000 ($38,000 -$20,000)
The units for ending inventory = Difference in profits divided by fixed cost per unit
= 1,500 ($18,000/$12) units
Units sold = Total production units for the year - Ending Inventory
= 11,000 (12,500 -1,500) units
Under Variable Costing, Sales Revenue is determined as follows:
Contribution = $170,000 ($150,000 + $20,000)
Sales Revenue = Variable costs + Fixed Costs
= $390,000 ($170,000 + $220,000)
Variable Costing Income Statement:
Sales revenue as above = $390,000
Cost of goods sold 220,000 ($20 x 11,000)
Contribution $170,000
Fixed costs 150,000
Net operating income = $20,000
Absorption Costing Income Statement:
Sales revenue as above = $390,000
Cost of goods sold 352,000 ($32 x 11,000)
Net operating income = $38,000
Thus, the units that the company sold in the first year of its operations are 11,000 units.
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Your house get $7,250 in damage. You have a $500 deductible.
How much will the insurance write you a check for?
O $500
O$7,000
O$6,750
7,750
Answers
Answer: 6750
Explanation:
7250-500 = 6750
Arrange strategic planning analysis in correct order.
Business Planning
Corporate Planning
Product Planning
Division Planning
Answers
division planning
product planning
business planning
corporate planning
the income statement is prepared first because the net income amount is a line item on the balance sheet.T/F
Answers
Because net income is a line item on the balance sheet, the income statement is created first. The assertion is accurate.
Is your salary based on net income?
Your total income before taxes and other deductions, or gross income, is what you see on your pay stub. Net income is your take-home pay, or the money that is still in your account after all withholdings and taxes have been paid. The net income deductions might include a variety of expenses, including as taxes, employee benefit premiums, and wage garnishments.
What distinctions are there between gross and net income?
The amount of an employee's income that remains after payroll deductions for expenses like taxes, benefits, and other charges is known as gross pay. After all estimated taxes have been taken out, what is left over is referred to as net pay or take-home pay..
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Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and
the gross method.
August 1 Purchased merchandise from Aron Company for $8,000 under credit terms of 1/10, n/30, FOB destination, invoice dated
August 1.
August 5 Sold merchandise to Baird Corporation for $5,600 under credit terms of 2/10, n/60, FOB destination, invoice dated August
5. The merchandise had cost $4,000.
August 8 Purchased merchandise from Waters Corporation for $7,000 under credit terms of 1/10, n/45, FOB shipping point, invoice
dated August 8.
August 9 Paid $190 cash for shipping charges related to the August 5 sale to Baird Corporation.
August 10 Baird returned merchandise from the August 5 sale that had cost Lowe's $500 and was sold for $1,000. The merchandise was
restored to inventory.
August 12 After negotiations with Waters Corporation concerning problems with the purchases on August 8, Lowe's received a price
reduction from Waters of $700 off the $7,000 of goods purchased. Lowe's debited accounts payable for $700.
August 14
At Aron's request, Lowe's paid $160 cash for freight charges on the August 1 purchase, reducing the amount owed (accounts
payable) to Aron.
August 15 Received balance due from Baird Corporation for the August 5 sale less the return on August 10.
August 18 Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12.
August 19
Sold merchandise to Tux Company for $4,800 under credit terms of n/10, FOB shipping point, invoice dated August 19. The
merchandise had cost $2,400.
August 22
Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe's gave a
price reduction (allowance) of $800 to Tux and credited Tux's accounts receivable for that amount.
August 29 Received Tux's cash payment for the amount due from the August 19 sale less the price allowance from August 22.
August 30 Paid Aron Company the amount due from the August 1 purchase.
Answers
Based on the given merchandising transactions, a journal entry has been prepared below:
Journal EntriesNo Date General Journal Debit Credit
1 Aug 01 Merchandise inventory $6,000
Accounts payable-Aron $6,000
2 Aug 05 Accounts receivable-Baird $4,200
Sales $4,200
3 Aug 05 Cost of goods sold $3,000
Merchandise inventory $3,000
4 Aug 08 Merchandise inventory $5,000
Accounts payable-Waters $5,000
5 Aug 09 Delivery expense $200
Cash $200
6 Aug 10 Sales return and allowances $1,000
Accounts receivable-Baird $1,000
7 Aug 10 Merchandise inventory $500
Cost of goods sold $500
8 Aug 12 Accounts payable-Waters $500
Merchandise inventory $500
9 Aug 14 Accounts payable-Aron $190
Cash $190
10 Aug 15 Cash ($3,200 - $3,136) $3,136
Sales discounts ($3,200 x 2%) $64
Accounts receivable-Baird ($4,200 - $1,000) $3,200
11 Aug 18 Accounts payable-Waters ($5,000 - $500) $4,500
Merchandise inventory ($4,500 x 1%) $45
Cash ($4,500 - $4,455) $4,455
12 Aug 19 Accounts receivable-Tux $3,600
Sales $3,600
13 Aug 19 Cost of goods sold $1,800
Merchandise inventory $1,800
14 Aug 22 Sales return and allowances $600
Accounts receivable-Tux $600
15 Aug 29 Cash ($3,600 - $600) $3,000
Accounts receivable-Tux $3,000
16 Aug 30 Accounts payable-Aron ($6,000 - $190) $5,810
Cash $5,810
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Prepare the journal entries to record the following transactions of Wildhorse Company's books under a perpetual inventory system. Clarify which are debit and which are credit.
(a) On March 2nd, Windsor Company sold $854,200 of merchandise to Wildhorse Company on account, terms 2/10, n/30. The cost of merchandise sold was $517800.
(b) On March 6th, Wildhorse Company returned $109800 of the merchandise purchased on March 2nd. The cost of the merchandise returned was $66800.
(c) On March 12th, Windsor Company received the balance due from Wildhorse Company.
Answers
a) Credit Inventory for $517,800
b) Debit Inventory for $66,800
c) Credit Accounts Receivable (or Trade Receivables) for the same amount
(a) The journal entry to record the sale of merchandise from Windsor Company to Wildhorse Company on March 2nd would be:
Debit Accounts Receivable (or Trade Receivables) for $854,200
Credit Sales Revenue for $854,200
Debit Cost of Goods Sold for $517,800
Credit Inventory for $517,800
The debit to Accounts Receivable represents the amount owed by Wildhorse Company for the merchandise purchased on account. The credit to Sales Revenue recognizes the revenue generated from the sale. The debit to Cost of Goods Sold recognizes the cost of the merchandise sold, and the credit to Inventory reduces the inventory balance as the goods are no longer in stock.
(b) The journal entry to record the return of merchandise by Wildhorse Company on March 6th would be:
Debit Sales Returns and Allowances for $109,800
Credit Accounts Receivable (or Trade Receivables) for $109,800
Debit Inventory for $66,800
Credit Cost of Goods Sold for $66,800
The debit to Sales Returns and Allowances reduces the revenue from the original sale. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company for the returned merchandise. The debit to Inventory increases the inventory balance as the goods are returned to stock, and the credit to Cost of Goods Sold reduces the cost of the merchandise originally sold.
(c) The journal entry to record the payment received by Windsor Company on March 12th would be:
Debit Cash (or Bank) for the amount received from Wildhorse Company
Credit Accounts Receivable (or Trade Receivables) for the same amount
The debit to Cash represents the inflow of funds from the customer's payment. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company, reflecting the settlement of the outstanding balance.
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Suppose you have a linear integer optimization problem. You solve the problem as a linear optimization problem by ignoring the integer constraints and obtain an integer optimal solution (i.e., your model did not require the variables to be integer, but it turned out when you solved the problem Solver found an optimal answer where the variables are integer).
Which of the statements below are correct (choose only one):
A. You can categorically state that you have the optimal solution to the integer optimization problem.
B. You can categorically state that you do not have the optimal solution to the integer optimization problem.
C. None of the above.
Answers
Answer:
Option(A) is the correct answer to the given question .
Explanation:
The integer programming problem is also known as the computational optimization or the functionality method that main objective to limits the some or many of the parameters may be integer. The objective of linear optimization problem to make the objective function as well as integer constraints linear .
The integer programming problem conclusively specify of the optimised solution to the issue of the integral optimisation.All the other option are not correct for the linear integer optimization problem because they are not give objective function as well as integer constraints as linear .Some people include a letter of last instruction in their estate planning. What is likely TRUE about this letter?
a) It lists all of the medical interventions needed before decisions about the person’s end-of-life plans are decided.
b) This letter is always legally binding, with legal questions rarely coming into play.
c) It gives family members important information, such as where the person wants to be buried.
d) This letter lists who has power of attorney and, therefore, who receives any leftover money or land.
Answers
Answer:
C
Explanation:
A Letter of Last Instruction (LOLI) serves to give family important information such as where the person wants to be buried, instructions for any pets, or location of important legal documents.
Side note: this is not a will, and should not be used as a substitution for one. A will is a legal document, a LOLI is not.
Hope this helps! Let me know if you have any further questions about my response.
It gives family members important information, such as where the person wants to be buried. Therefore, This statement is True about letter of last instruction .
What is a Letter of Last Instruction?
A Letter of Last Instruction (LOLI) serves to give family important information such as where the person wants to be buried, instructions for any pets, or location of important legal documents. A will is a legal document, a LOLI is not. A letter of instruction isn't legally binding in any way, unlike a last will. Rather, it's meant to be something of a crib sheet for the executor of your will or your loved ones.
Therefore, (C) option is the correct answer.
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The police have a right to search any area in which the defendant does not have a reasonable expectation of privacy. Which of the following, however, requires the police to obtain a search warrant?
- finding out what websites you have visited on your computer
- contents of an arrested suspect's backpack when placed under arrest
- using a cotton swab to take a DNA sample of a person under arrest
- listening in on a telephone conversation or searching the digital contents of a cellphone
Answers
The answer is option c. Using a cotton swab to take a DNA sample of a person under arrest. This act requires the police to obtain a search warrant.
How would you define DNA in plain English?cells' internal molecules that transmit genetic information from one generation to the next. Deoxyribonucleic acid is another name for it.
Who or what named it DNA?Deoxyribonucleic acid is the term used to describe DNA because of its structure. With bases like adenine, cytosine, guanine, and thymine making up the phosphate backbone of the nucleic acid, pentose sugar is present in the deoxyribose part. Deoxyribose does not have a -OH group at position 2 of the sugar ring.
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how many board of directors members does apple have?
Answers
Answer:
seven members
Explanation:
Answer:
At seven, Apple Inc. (NASDAQ: AAPL) has a relatively small number of directors for a huge public company. The board is particularly stable, too. Besides CEO Tim Cook, four other directors have been members since before Steve Jobs died in October 2011.
Explanation:
Suppose your grandmother is retired and receives a monthly Social Security check of $3,000.00. According to the article, how much money will she receive after the cost-of-living increase
Answers
Based on the rate of increase for cost of living, your grandmother would receive the amount of $3,048.
How much would your grandmother receive?The article says that the cost of living increase is 1.6%.
The amount to be received by your grandmother is:
= Monthly social security x ( 1 + increase in cost of living)
= 3,000 x (1 + 1.6%)
= $3,048
In conclusion, your grandmother would receive $3,048.
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Newport Industries is one of the first producers of a unique consumer product. The company has chosen a low-price strategy, hoping this will enable them to quickly attract many customers while discouraging potential competitors from entering the market. Newport's approach to pricing is a classic example of the skimming strategy.A. TrueB. FalseThe ability to integrate computers into the design and manufacture of products has had the greatest impact on production techniques in recent years.A. TrueB. FalseIn the evaluation of the promotion, it's best to establish a promotional strategy that can reach multiple targets rather than developing a separate promotion mix for each target group.A. TrueB. FalseBright Electronics has found it needs to reorganize, including a significant trim of its middle management. This action will likely result in:_______.
a. acquiring additional firms.b. flattening the organization and empowering employees, allowing them to get closer to the customer.c. increasing the size of its traditional departments to handle 24/7 operations.d. centralizing its decision making to better control its total quality management program.Empowerment means:______.a. giving employees the authority to make decisions.b. making certain that employees always defer to management when making decisions.c. hiring employees that do not require training due to the costly nature of this activity.d. asking employees to write the policies which govern their jobs.School Days Centers specialize in helping students with difficulties. With locations around the country, each center consists of a manager and several tutor and counselors. The counselors and tutor have a great deal of flexibility to design programs specifically for individual students. In fact, these first-line employees are considered to be the key people in the organization, and the manager's main function is to assist these employees in matters such as scheduling and securing necessary materials. This type of arrangement suggests that School Days is an inverted organization.A. TrueB. False
Answers
Answer:
1. False
2. False
3. d. centralizing its decision making to better control its total quality management program
4. a.
5. True
Explanation:
1. Remember, a skimming strategy does the opposite–where a company chooses the highest possible price not the lowest price for their product when entering the market.
2. Indeed, this has impacted on production techniques in recent years. For example, from labour intensive car factories in the past we now have fully automated car factories that require very few workforce.
3. Remember, centralization results when there are fewer people in the line of authority. Therefore, if Brights Electronics decision to reorganize and significantly trim its middle management would result in centralized decision making and a better control its total quality management program.
4. Note that the promotional mix involves target based marketing, therefore each target market may have unique characteristics. And to attract each target market would involve establishing a promotional strategy that can reach multiple targets rather than developing a separate promotion mix for each target group.
5. An inverted organization is one that has a reversal from the normal line of authority found in most organization. Instead of top to bottom it now bottom to top. This implies that the manager who normally would play major role in deciding strategies to be taken doesn't, but the bottom line employees performs that responsibility. Thus, School Days Center can be rightly called an inverted organization.
Distinguish different types of customers and come up with a suitable marketing strategy for each customer. Provide illustrative examples.
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Different types of customers are loyal customers, impulse customers, bargaining customers, and need based customers.
Customers choice and preferences of buying products can vary according to the demands and choices of product, and reliability of producer.Loyal customers: These are those customers who made a commitment for buying of a specific product to the producer. Their frequency of buying products from the same producer is more. Marketing strategy: For loyal customers the producer tries to offer discounts and additional products so that the customer remain in engagement with the producer for long. Impulse customers: These customers simply browse products and services with no purchasing aim. Marketing strategy: These customers can be loyal customers if the products and services meet their expectation which is only possible when the marketer or producer validate that the product is of utmost quality by giving pre-trial before purchase. Need based customers: These customers need a specific product or services on emergency basis. Marketing strategy: Offering attractive discount can help in attracting these customers and preventing competition.Learn more about customers:
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An MNC considers establishing a two-year project in New Zealand with a $30 million initial investment. The firm's cost of capital is 12 percent. The required rate of return on this project is 18 percent. The project is expected to generate cash flows of NZ$12 million in Year 1 and NZ$30 million in Year 2, excluding the salvage value. Assume no taxes and a stable exchange rate of $.60 per NZ$ over the next two years. All cash flows are remitted to the parent. What is the break-even salvage value
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Answer:
NZ$25 million
Explanation:
Assuming salvage value = X
Cash flow in year 1 = 12 million*0.60 = $7.2 million
Cash flow in year 2 = 30 million*0.60 = $18 million
Note: At break-even salvage value, Net Present Value = 0
So, Initial cost = Present value of inflow (Sum of inflow*PV factor)
Initial cost = 7.2(PV 18%, 1 year) + 18(PV 18%, 2 years) + X(PV 18%, 2 years)
30 = 7.2*0.847 + 18*0.718 + X*0.718
30 = 19.02 + X*0.718
X*0.718 = 30 - 19.02
X*0.718 = 10.98
X = 10.98/0.718
X = 15.292479
X = $15.29
Stable exchange rate of $.60 per NZ$ over the next two years.
Break-even salvage value = 15.29/0.60
Break-even salvage value = NZ$25.4833
Break-even salvage value = NZ$25 million
The competitive threat that outsiders will enter a market is weaker when
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The competitive threat that outsiders will enter a market is weaker when the incumbents enjoy substantial cost advantages.
The competitive threat that outsiders will enter a market refers to the possibility that new firms will enter a market to compete against existing firms. It is the degree of competition in a market that is determined by the ability of other companies to enter the same market and offer similar goods or services at a lower cost.
There are certain factors that determine the competitive threat of outsiders, these are:Ease of Entry: When the cost of entering a market is low, the threat of new entrants is high and vice versa.Brand loyalty: In markets where consumers are more loyal to the existing brands, the competitive threat of new entrants is weaker.
Patents: In markets where incumbents hold many patents, the competitive threat of new entrants is weaker.Cost advantage: The competitive threat of outsiders is weaker when incumbents enjoy substantial cost advantages.Cost advantage is the answer to your question.
The competitive threat that outsiders will enter a market is weaker when incumbents enjoy substantial cost advantages.
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What is meant by the concept entrepreneur?
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Answer: An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort.
Explanation: An entrepreneur takes on most of the risk and initiative for their new business, and is often seen as a visionary or innovator.