Question 10
If a firm wants a 5% chance of running out of inventory, then what is the implied Cu relative to C0 ? Use the picture given in a previous question in this problem set. • Cu=20Co • Cu/Co=2 • Cu=5Co • Cu/Co=100 Question 11
If a firm sets a 90% service level and runs out of inventory, this means: • The realization and expectation are equal. • The realization may be higher or lower than the expectaiton, depending on the standard deviation. • The realization was higher than the expectation. • The expectation was higher than the realization.
Answers
In question 10, if a firm wants a 5% chance of running out of inventory, the implied Cu relative to C0 is Cu/Co=100. In question 11, if a firm sets a 90% service level and runs out of inventory, it means that the realization may be higher or lower than the expectation, depending on the standard deviation.
Question 10 asks about the implied Cu relative to C0 when a firm wants a 5% chance of running out of inventory. The correct answer is Cu/Co=100. This means that the cost of an inventory shortage (Cu) is equivalent to 100 times the cost of an order (Co). By setting Cu/Co=100, the firm ensures a 5% chance of running out of inventory.
In question 11, if a firm sets a 90% service level and runs out of inventory, it implies that the realization may be higher or lower than the expectation, depending on the standard deviation. The correct answer is that the realization may be higher or lower than the expectation. The service level represents the probability of meeting customer demand, and in this case, the firm aimed for a 90% service level. However, due to factors such as variability in demand or supply chain disruptions, the actual realization of the service level may deviate from the expected level.
In summary, question 10 relates to the implied cost of inventory shortage relative to the cost of an order, while question 11 discusses the relationship between the service level and the realization of inventory availability, indicating that the realization can vary from the expected level depending on factors like standard deviation.
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Related Questions
Assume that the total sales value at the split-off point for product 1 is $112,000 instead of $240,000 and the sales value of product 3 is $3,200 instead of $32,000. Assume also that the firm treats product 3 as a joint product and uses the net realizable value method for accounting for joint costs. There are no separable processing costs for product 3. What amount of joint costs would be allocated to the three products using the relative sales value method
Answers
The relative sales value method, $57,400 would be allocated to product 1, $41,000 to product 2, and $1,600 to product 3.
In this scenario, the total sales value at the split-off point for product 1 is significantly lower at $112,000 and the sales value of product 3 is also lower at $3,200. The firm treats product 3 as a joint product and uses the net realizable value method for accounting for joint costs, with no separable processing costs for product 3.
To allocate joint costs to the three products using the relative sales value method, we need to first calculate the total sales value of all three products. This would be the sum of the sales values for product 1, product 2, and product 3, which is $112,000 + $80,000 + $3,200 = $195,200.
Next, we can calculate the proportion of sales value for each product by dividing the individual sales value by the total sales value. For product 1, the proportion would be $112,000 / $195,200 = 0.574. For product 2, the proportion would be $80,000 / $195,200 = 0.410. For product 3, the proportion would be $3,200 / $195,200 = 0.016.
Finally, we can allocate the joint costs to each product by multiplying the total joint costs by the proportion of sales value for each product. If the total joint costs were $100,000, then the amount allocated to product 1 would be $100,000 x 0.574 = $57,400. The amount allocated to product 2 would be $100,000 x 0.410 = $41,000. And the amount allocated to product 3 would be $100,000 x 0.016 = $1,600.
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5a) Change
the given angle
into
degress-
i) 10ʻl6' 15"
Answers
Given :
An angle 10 16' 15".
To Find :
The given angle into degrees.
Solution :
We know, 1° = 60' and 1' = 60".
Now,
\(15" = (15\times \dfrac{1}{60})^{'}\\\\15"= \dfrac{1}{4}^{'}=0.25^{'}\)
Now, total minutes are :
(16 + 0.25)' = 16.25'
Converting 16.25' to degrees.
\(16.25^{'} = 16.25\times \dfrac{1}{60} ^o\\\\16.25^{'} = 0.271^o\)
Therefore, angle in degree is ( 10+0.271 )° = 10.271° .
Candace works for a small marketing firm that focuses on ads that pop up on social media web pages. Candace most
likely works in
O Marketing Research.
O Professional Sales.
O E-Marketing.
O Distribution and Logistics.
Answers
Answer:
O E-Marketing.
Explanation:
E-marketing is Electronic marketing. It is also known as online marketing and refers to marketing done through the internet. E-marketing combines traditional marketing concepts with modern technology. It involves marketing a company's products and services through the internet using computers and mobile devices as mediums.
Answer:
E-Market
Explanation:
Did on edge
6
Drag each label to the correct location,
A factory producing steel goods has many assets. Classify them as tangible or intangible.
intangible asset
tangible asset
Swiveling chair
factory
cash
bulldozer
patent
intellectual property
Answers
Answer:
The top four is tangible and the both four are intangible I am quite sure.
Explanation:
Membership in the Future Business Leaders of America (FBLA) has nearly limitless benefits, including scholarships.
True
False
Answers
Answer:
True.
Explanation:
I think this will be the answer.
Ricardo is looking for a very popular book that seems to be sold out everywhere. He likes to read actual printed books rather than digital books, so rather than driving from book store to book store, Ricardo begins calling shops and asking if they have the book he is looking for in stock in their inventory. What does he mean by ‘in stock’?
natural resources from the land
substances used in the first stage of production
excessive bureaucracy or rules
available for distribution
Answers
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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What is the main function of a business?
Answers
Write a polite adjustment letter to amanda greene-hedwig, greene engineering solutions, inc., 2328 east van buren st., phoenix, az 85006, to secure the customer's goodwill and future business.
Answers
Secure Customer's Goodwill and Future business
To,
Amanda Green-Hedwig,
Green Engineering Solution, Inc.,
2328 East Van Buren St, Phoenix, AZ 85006.
Dear Amanda G.
Thank you for reaching out to us regarding the issue you had with your product. We are sorry to hear that you had such a negative experience and we would like to help rectify the situation as soon as possible. We alway provide secure customer's goodwill and remain in relation for future business.
Please note that we have put your request at highest priority and processed your request. We enthusiastically inform you that you can return the product if not meet your requirement and receive its replacement within the three working days. If you need any additional information or other assistance please reach out to us. We are always happy to help.
Kind regards,
Manager,
{Your company name}
{company contact number}
{Company address}
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2. Which country is the top foreign holder of U.S. federal government debt?
a. Germany
b. United Kingdom
c. Japan
d. China
Answers
Japan held 1.8 trillion in Treasury Securities as of Nov 2022, beating out China
Where on the statement of financial position would a company's total comprehensive income for the year be included under IFRS?
Multiple Choice
a. The entire amount will be included in Retained Earnings.
b. The entire amount will be included in Accumulated Comprehensive Income.
c. The amount will be split; Net income will be included in Retained Earnings and Other Comprehensive Income will be included in Accumulated Other Comprehensive Income.
d. The entire amount will be included in Contributed Capital.
Answers
The correct option is c. The amount will be split; Net income will be included in Retained Earnings and Other Comprehensive Income will be included in Accumulated Other Comprehensive Income.
Financial refers to a broad term that is again not very relevant to the question, but IFRS refers to the International Financial Reporting Standards, which is of utmost importance to understand the solution to the question.
When it comes to IFRS, it's important to note that net income (which is the profit or loss the company makes from its core business operations) is reported on the company's income statement. Whereas, comprehensive income includes all other gains and losses that the company may experience during the year, such as changes in the fair value of investment securities or foreign currency translation gains and losses.
If a company uses IFRS, it has to present comprehensive income in two sections:
Net Income which will be included in Retained Earnings. Other Comprehensive Income, which will be included in Accumulated Other Comprehensive Income.
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which of the following statements is correct true regarding the pcaob? the pcaob is a nonprofit corporation, not an agency of the u.s. government. the pcaob will have five financially literate members who are prominent individuals of integrity and reputation with a commitment to the interests of investors and the public. the pcaob has authority to set standards related to public company audit reports and to conduct inspections of registered external audit firms. all of the above. none of the above.
Answers
Option d: The provided all the three statements about PCAOB are true about the PCAOB.
The Sarbanes-Oxley Act of 2002 established the Public Company Accounting Oversight Board (commonly known as the PCAOB), a private, nonprofit corporation, to regulate accountants who produce independent audit reports for publicly traded firms.
The PCAOB is a nonprofit organisation rather than a US government body.
There will be five financially literate members of the PCAOB who are well-known figures of integrity and reputation who are dedicated to the interests of the public and investors.
The PCAOB is able to conduct audits of certified external audit firms and set requirements for public business audit reports.
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Complete question:
Which of the following statements is correct true regarding the PCAOB?
The PCAOB is a nonprofit corporation, not an agency of the U.S. government.
The PCAOB will have five financially literate members who are prominent individuals of integrity and reputation with a commitment to the interests of investors and the public.
The PCAOB has authority to set standards related to public company audit reports and to conduct inspections of registered external audit firms.
All of the above.
None of the above.
list the two things the government does that fall under fiscal policy. (A.p.e.x.)
Answers
Explanation:
These two policies are combined in numerous ways to influence a country's economic situation.
Fiscal policy, together with monetary policy handled by central banks, is the primary means through which governments influence a country's economy. The two primary elements of fiscal policy are income taxes and government expenditures.
Parts (a) and (b) of this problem are looking at the Location Quotient technique that is commonly used by real estate market analysts to see how concentrated a particular occupation, industry, demographic group, etc. is in a specific region as compared to a larger geographic area, such as the entire nation. For both parts (a) and (b), show and explain your calculations, and show the numbers that you plugged in to do your calculations. (Hint: Read Chapter 3 of the textbook used in this course, as it will provide insight to location quotients and various NAICS codes and where to find existing location quotients using the (BLS) website. How does this compare to your calculations?
Answers
When comparing calculated location quotients with existing location quotients available from the BLS website, the results may vary due to different time periods, data sources, and methodology.
The location quotient (LQ) technique is used to measure the concentration of a specific occupation, industry, or demographic group in a particular region as compared to a larger geographic area, such as the entire nation.
It is calculated as the ratio of the proportion of employment in a particular region for a specific industry or occupation to the proportion of employment in that industry or occupation for the larger geographic area.
The formula for calculating the location quotient is:
LQ = (Employment in region for a specific industry or occupation / Total employment in the region) / (Employment in the larger geographic area for the same industry or occupation / Total employment in the larger geographic area)
A location quotient of 1 indicates that the industry or occupation has the same level of concentration in the region as in the larger geographic area. A location quotient greater than 1 indicates a higher concentration in the region, while a location quotient less than 1 indicates a lower concentration in the region.
To calculate the location quotient, one needs to know the employment figures for the specific industry or occupation for both the region and the larger geographic area. These figures can be obtained from government agencies like the Bureau of Labor Statistics (BLS).
When comparing calculated location quotients with existing location quotients available from the BLS website, the results may vary due to different time periods, data sources, and methodology. However, the general interpretation of the location quotient remains the same.
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What are the five C's of the marketing mix
Answers
The 5Cs in the marketing mix are Company, Collaborators, Customers, Competitors, and Context.
What is a Marketing mix?The marketing mix is the collection of activities, or tactics, that a business employs to market its brand or merchandise.
A marketing framework called the 5C Analysis is used to examine the environment in which a company operates.
Along with risk exposure to various environmental factors, it can shed light on the main success factors. The 5Cs are Company, Collaborators, Customers, Competitors, and Context.
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which of the following should you and your team members do to make your presentation the most effective?
Answers
To make your presentation the most effective, there are three key things that you and your team members should do. First, make sure to thoroughly prepare your content and practice your delivery. This will help you feel confident and ensure that your message is clear and impactful.
Second, engage your audience by using interactive elements such as visuals, videos, and polls. This will keep them interested and help them retain the information you are presenting.
Finally, be open to feedback and willing to adapt your presentation based on the needs and preferences of your audience. This will show that you value their input and ultimately lead to a more successful presentation. By following these tips, you can create a presentation that is not only informative, but also engaging and memorable.
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Introduction to Career Planning
Introduction to Career Planning Unit Test
10. Which statement most accurately describes what can happen to jobs in a bad economy? (1 point)
More jobs become available as goods and services become more expensive.
More jobs become available as goods and services become less expensive.
Fewer jobs become available as goods and services become more expensive.
Fewer jobs become available as goods and services become less expensive.
Answers
Answer:
Fewer jobs become available as goods and services become more expensive.
how should the food worker protect the food she prepares from contanination
Answers
A food worker could protect their food in a couple of ways. For one, wearing one-use gloves for each aspect of the preparation process protects food from cross-contamination.
Another way would be something such as a hairnet. The reason this works is to prevent hair strands from mixing with the food, therefore also preventing contamination.
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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l
∨
Explanation:
Here's the picture and I hope this helped!
Have a nice day!
a (blank) is a rule or limit placed on the supply of a good or service by the government
Answers
A price ceiling is a rule or limit placed on the supply of a good or service by the government.
Why is there a price ceiling?A price ceiling is the imposed upper limit on what a seller may charge for a good or service. Price ceilings, which are normally established by law, are frequently applied to necessities like food and energy supplies when they become expensive for regular consumers.
A price cap is advantageous to whom?Benefits accrue to individuals who are able to buy the product for the lower price set by the price ceiling, but sellers of the goods and others who are unable to buy the commodity at all suffer.
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This industry type combines multiple component parts into a finished product, which is then stocked in inventory to satisfy customer demand.?
Answers
The different final goods are merged in the assembly industry to create a new finished product. It indicates that the creation of a new product involves the assembly of various component elements.
What distinguishes the two terms processing and assembling?To produce a new entity known as an assembly, subassembly, or another word that describes the joining process, two or more components are joined during an assembly procedure. A processing operation moves a work material from one stage of completion to another that is further along and is more similar to the target part or output.
Give an example of the assembling industry?Industry of assembling In this sector, assembling the numerous elements or components results in the finished product. For instance, radio, automobile, television, trucks, generators, motors, etc.
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U
1 point
You are at the checkout counter at the local supermarket, use your debit
card to pay for your groceries, and select "credit” when the cashier asks
"Debit or credit?" Where does the money for this purchase come from? *
Your credit card company covers the cost
O It is deducted directly from your checking account
Your credit card company provides you with a cash advance to cover the cost
It is deducted from your credit card account
Answers
Answer: It is deducted directly from your checking account
Explanation:
A Debit card is linked to your bank account so when it is used, it will always be deducted directly from your checking account.
The Debit or Credit option simply refers to how the transaction will be processed. With a Debit the transaction goes through a different computer network than the Credit which goes through the Credit computer network.
Bottom-line is that debit cards are bank accounts.
Shelby Mann is a loan officer with the First National Bank. She interviews a potential loan customer to find out exactly why the person needs the loan and whether he would be serious about repaying the loan. Which of the following is Shelby performing?A. Evaluating a customer's character and sincerity.B. Evaluating a prospective customer's financial condition.C. Finding prospective customers.D. Making a site visit and evaluating a customer's credit history.
Answers
When Shelby Mann interviews a potential loan customer to find out exactly why the person needs the loan and whether he would be serious about repaying the loan, she is evaluating the customer's character and sincerity. So, The correct option is A.
Interviews a potential loan customerLoan officers have various roles to play when it comes to approving or denying loans. They are responsible for determining whether an applicant qualifies for a loan based on a variety of criteria, including the borrower's financial status and history, collateral, and repayment capacity.
When it comes to evaluating loan applicants, the loan officer must consider many factors, including the applicant's character, which includes their level of sincerity. Loan officers must ensure that applicants are trustworthy and capable of repaying the loan before approving it, and they do this by interviewing them, verifying their credit history, and other means.
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What marketing metric is used to evaluate the performance of a companys implementation of tis marketing plan?
Answers
Return on Investment (ROI) is a marketing metric commonly used to gauge the effectiveness of a company's marketing plan implementation.
The marketing metric used to gauge the effectiveness of a company's marketing plan is the return on investment (ROI). Return on Investment measures the profitability and effectiveness of marketing activities in generating revenue relative to the investment made.
It provides information on the financial success of marketing efforts and helps evaluate the overall effectiveness of the marketing strategy. By analyzing ROI, businesses can determine the effectiveness of marketing campaigns and make informed decisions to optimize future marketing investments and achieve better results.
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You+deposit+$3,325+in+a+bank+account+that+pays+3%+simple+interest.+how+much+interest+will+you+earn+over+the+next+7+years?
Answers
In this case, you deposited $3,325 in a bank account that pays 3% simple interest, and you want to know the interest earned over the next 7 years.
The formula to calculate simple interest is:
Interest = Principal × Rate × Time
Using the given values:
Principal = $3,325
Rate = 3% or 0.03 (in decimal form)
Time = 7 years
Plugging these values into the formula, we get:
Interest = $3,325 × 0.03 × 7 = $697.65
Therefore, you will earn $697.65 in interest over the next 7 years.
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which statement describes a main advantage of using cash over other forms of payment
Answers
The main advantage of using cash over other forms of payment is that its eliminates the possibility of overspending.
How does cash eliminates overspending?While doing a physical transaction, there will not be a situation of overspending because the person can not purchase more than the cash value he/she has on him/her.
Hence, the main advantage of using cash over other forms of payment is that its eliminates the possibility of overspending.
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Roberto went to a grocery store to buy his favorite brand of soft drink; however, the store was temporarily out of that brand, so he looked over the other familiar brands and decided to try one that is well-advertised. This case illustrates:
Answers
This case illustrates the concept of brand switching or brand substitution. When Roberto's favorite brand of soft drink was unavailable, he decided to try another familiar brand that he was aware of due to its strong advertising.
Brand switching occurs when consumers choose an alternative brand when their preferred brand is not available or when they are open to trying different options. In this case, Roberto's decision to try a well-advertised brand showcases how advertising can influence consumer behavior and prompt them to explore and choose different brands in the absence of their preferred choice.
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The first widespread model that addressed how individual work shouldbe designed focused ona. job enlargement.b. job specialization.c. job enrichment.d. motivational design.e.job rotation.
Answers
The correct response is b. job specialization. Job specialization was the primary emphasis of the first widely adopted model that addressed how individual work should be designed.
The division of labour, also known as job specialization, happens when employees concentrate on mastering a small number of activities rather than learning how to execute many distinct tasks. Job specialization situations include assembly lines. Due to the fact that productive activities are essentially extremely simple actions carried out by several people throughout the entire system. Given that they only perform one duty, these workers are extremely specialized in what they do. Four advantages of job specialization are offered to enterprises. First, employees who are given short, straightforward jobs will excel at each one. Second, there is a reduction in transition time between tasks. When workers undertake numerous separate jobs, time is lost when they transition from one task to the next.
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When a firm designs a single marketing mix and directs it at an entire market for a particular product, the company is using a(n) ____ strategy. Group of answer choices concentrated targeting differentiated heterogeneous market single mix undifferentiated
Answers
When a firm designs a single marketing mix and directs it at an entire market for a particular product, the company is using an undifferentiated strategy. An undifferentiated marketing strategy is a plan that targets the entire market for a certain product. It is also referred to as mass marketing or mass advertising.
This type of marketing strategy is most often used for convenience items and is defined as a market coverage strategy that ignores market segment differences and attempts to appeal to the whole market with one product or service. The primary advantage of using an undifferentiated strategy is that it is less expensive to produce and distribute large quantities of a single product than it is to create multiple versions of a product that are tailored to meet the needs of different market segments.
In addition, if the product appeals to the mass market, the undifferentiated marketing strategy has a higher chance of succeeding because it reaches a larger target audience. The disadvantage of an undifferentiated marketing strategy is that it may be unsuccessful in attracting the attention of a particular demographic. Additionally, consumers may not be interested in a product that does not meet their specific needs, and they may choose to purchase from a competitor who has created a product that is tailored to meet their needs.
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WILL GIVE BRAINLIEST!!! Jake has been distribution manager at his company for over ten years. Unfortunately, the company has experienced a decline in profit and they are fighting to stay in business. Jake has to schedule a shipment very quickly over the next couple of weeks. Would an aircraft be a good choice for jake? why or why not? if not, provide a better alternative.
Answers
Answer:
I say yes because the shipment will get their faster, and the faster the shipment gets there the faster he gets the money to save the business.