QUESTION THREE (20 MARKS)
Estbee Marine finds that it must spend a huge portion of its revenue on purchases. Estbee has also found that the better its suppliers understand its end users, the better are both the supplier’s product and Estbee’s final product.
As one of the 10 largest U.S. power boat manufacturers, Estbee is trying to differentiate its products from the vast number of boats supplied by 300 other companies. Thus, the firm works closely with suppliers to ensure innovation, quality, and timely delivery. Estbee has done a number of things to drive down costs while driving up quality, responsiveness, and innovation. First, working on partnering relationships with suppliers ranging from providers of windshields to providers of instrument panel controls,
Estbee has brought timely innovation at reasonable cost to its product. Key vendors are so tightly linked with the company that they meet with designers to discuss material changes to be incorporated into new product designs. Second, the company has joined about 15 other boat manufacturers in a purchasing group, known as American Boat Builders Association, to work with suppliers on reducing the costs of large purchases. Third, Estbee is working with a number of local vendors to supply hardware and fasteners directly to the assembly line on a just-in-time basis. In some of these cases, Estbee has worked out an arrangement with the vendor so that title does not transfer until parts are used by Estbee. In other cases, title transfers when items are delivered to the property. This practice drives down total inventory and the costs associated with large-lot delivery.
Finally, Estbee works with a personnel agency to outsource part of the recruiting and screening process for employees. In all these cases, Estbee is demonstrating innovative approaches to supply chain management that help the firm and, ultimately, the end user. The Global Company Profile featuring Estbee Marine provides further background on Estbee’s operations.
Required:
What other techniques might Estbee use to improve supply chain management? (10 marks)
Why is supply chain management important to Estbee? (10 marks)
Answers
A well-managed supply chain allows Estbee Marine to achieve cost efficiency, enhance product quality and innovation, ensure timely delivery, and mitigate risks. These factors contribute to the company's long-term success in the power boat manufacturing industry. To further improve its supply chain management, Estbee Marine could consider the following techniques:
1. Implementing Technology Solutions: Estbee can adopt advanced supply chain management technologies such as inventory management systems, demand forecasting software, and supplier relationship management tools. These technologies can enhance visibility, automate processes, and enable real-time collaboration with suppliers, resulting in improved efficiency and reduced costs.
2. Continuous Supplier Development: Estbee can engage in long-term partnerships with key suppliers and invest in their development. This can involve sharing market insights, providing training and resources, and collaborating on product innovation. By fostering strong relationships and nurturing supplier capabilities, Estbee can ensure a steady supply of high-quality components and materials.
3. Sustainable Practices: Estbee can incorporate sustainable practices into its supply chain management, such as using eco-friendly materials, optimizing transportation routes to minimize carbon emissions, and promoting ethical sourcing. These initiatives not only align with growing consumer demands for environmentally conscious products but also enhance the company's reputation and competitiveness.
4. Risk Management: Estbee should develop risk management strategies to mitigate potential disruptions in the supply chain. This involves assessing and addressing risks such as supplier bankruptcy, natural disasters, or geopolitical issues. Implementing contingency plans, diversifying suppliers, and maintaining safety stock can help minimize the impact of unforeseen events.
Supply chain management is crucial for Estbee Marine due to several reasons:
1. Cost Efficiency: Effective supply chain management allows Estbee to optimize costs by reducing procurement expenses, minimizing inventory carrying costs, and streamlining production processes. It enables the company to achieve economies of scale and negotiate favorable terms with suppliers, ultimately enhancing its profitability.
2. Quality and Innovation: Close collaboration with suppliers ensures that Estbee receives high-quality components and materials, leading to superior final products. By involving suppliers in the product development process, Estbee can leverage their expertise and foster innovation, resulting in differentiated and competitive offerings.
3. Timely Delivery: Supply chain management enables Estbee to maintain reliable and timely delivery of products to meet customer demand. This improves customer satisfaction, builds trust, and helps Estbee differentiate itself from competitors.
4. Risk Mitigation: By effectively managing the supply chain, Estbee can minimize risks associated with disruptions, such as stockouts, production delays, or quality issues. This enhances operational resilience and ensures continuity of supply, even in challenging circumstances.
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Related Questions
which is an example of proprietorship? roberta owns stock in a steel company. she receives a portion of the company's profits. edward owns a restaurant. he is responsible for all of the restaurant's debts. juan and phillip own a bookstore. they are both responsible for the bookstore's debts. janet and miriam own a flower shop. they share equally in the shop's profits.
Answers
An example of proprietorship is Edward owning a restaurant and being responsible for all of its debts.
Proprietorship refers to a business structure where an individual owns and operates a business. Edward's ownership of the restaurant and his responsibility for all its debts make it an example of a proprietorship. In this type of business, the owner has complete control over the business and receives all the profits but also bears all the risks. It is a common form of business ownership for small businesses. Janet and Miriam's ownership of a flower shop and sharing equally in the shop's profits suggest a partnership, not a proprietorship.
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When banks borrow money from the federal reserve, these funds are called
a. treasury funds.
b. federal loans.
c. discount loans.
d. federal funds.
Answers
The correct answer is option c, "discount loans." When banks borrow money from the Federal Reserve, these funds are called "discount loans."
When banks need to borrow money from the Federal Reserve, they have the option to obtain funds through discount loans. Discount loans refer to loans provided by the Federal Reserve to banks at a discount rate, which is typically below the prevailing market interest rate.
These loans serve as a source of short-term liquidity for banks to meet their immediate funding needs. The Federal Reserve sets the discount rate, which is the interest rate charged on these loans. Banks can borrow funds from the Federal Reserve's discount window, which acts as a lending facility.
The purpose of discount loans is to support and stabilize the banking system by providing a means for banks to access additional funds when they experience a temporary shortage of liquidity.
By borrowing funds through discount loans, banks can address short-term cash flow imbalances, manage reserve requirements, and fulfill their obligations to depositors and other creditors. These loans provide a mechanism for banks to manage their liquidity and ensure the smooth functioning of the financial system.
In conclusion, when banks borrow money from the Federal Reserve, the funds they obtain are referred to as option c. "discount loans." These loans are an important tool for banks to manage their liquidity needs and maintain stability within the banking system.
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How important do you think focus groups are to the eventual success of a new product?
Answers
Answer:
Yes
Explanation:
Focus groups help businesses learn what their customers think, enabling strategic decision-making focused on their target market's true wants and needs
Type in a sentence using the word Financial planning wrong
Answers
When a tax is imposed, the resulting decrease in consumer and producer surplus is known as a?
Answers
A tax is imposed, the resulting decrease in consumer and producer surplus is known as a price ceiling. The imposed maximum price a seller is permitted to charge for a good or service is known as a price ceiling. Price ceilings are often imposed to necessities like food and energy supplies when they become unaffordable for average customers.
Price ceiling are typically established by law. In essence, a price cap is a form of pricing control. The Price caps can be useful for making necessities affordable, if only briefly. However, economists debate the long-term value of such a ceilings tax.
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Identify the three tools of monetary policy, and what the Bank
of Botswana would do to increase (or decrease) the (growth of the)
money supply.
Answers
To increase the money supply, the Bank of Botswana can engage in open market operations by purchasing government securities, lower the reserve requirement for banks, and reduce the discount rate. On the other hand, to decrease the money supply, it can sell government securities, increase the reserve requirement, and raise the discount rate. The specific actions taken by the Bank of Botswana would depend on the prevailing economic conditions and policy objectives.
The three tools of monetary policy are:
Open Market Operations: This involves buying or selling government securities (bonds) in the open market. When the central bank, such as the Bank of Botswana, buys government securities, it injects money into the economy, increasing the money supply. Conversely, when it sells government securities, it withdraws money from the economy, decreasing the money supply.
Reserve Requirements: Reserve requirements refer to the portion of deposits that banks are required to hold as reserves. By increasing or decreasing the reserve requirement, the central bank can influence the amount of money banks can lend. If the Bank of Botswana wants to increase the money supply, it can lower the reserve requirement, allowing banks to lend more. Conversely, if it wants to decrease the money supply, it can raise the reserve requirement, restricting banks' lending capacity.
Discount Rate: The discount rate is the interest rate at which banks can borrow funds from the central bank. By changing the discount rate, the central bank can encourage or discourage banks from borrowing. If the Bank of Botswana wants to increase the money supply, it can lower the discount rate, making it cheaper for banks to borrow. Conversely, if it wants to decrease the money supply, it can raise the discount rate, making borrowing more expensive for banks.
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What are the purposes of financial regulations? Choose three answers. To make business competitive to enforce government intervention to limit and prevent monopolies to allow businesses to collaborate to ensure only one business can operate to place regulations on prices.
Answers
The purposes that financial regulations serves are:
to make business competitiveto limit and prevent monopoliesto place regulations on pricesFinancial regulations can be regarded as the body that oversee the behavior of the those involve in the market.
The carry out different activities such regulations on prices so that consumers and producer can enjoy the market.
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Answer:
A,C,F
Explanation:
Turbine trip power surdg
Answers
Answer:
In brief an overspeed failure on a big steam or gas turbine is one of the most frightening industrial accidents.
A turbine overspeed accident can be caused by a lightning-induced power surge, a fouled pilot valve, an electrical fault, operator failure, or any of a few dozen other problems.
The trip mechanisms on most turbines are required by law to be tested periodically.
Explanation:
l-----------------------------------------------------------
Answers
Answer:
ja. what do you want to ask?
Answer:
Am sorry but there is no question please
The strategic-management process represents a(n) ________, ________, and ________ approach for determining an enterprise's future direction.
Answers
The strategic-management process represents a systematic, rational, and comprehensive approach to determining an enterprise's future direction.
It involves the analysis of the organization's internal and external environment, the formulation of strategies, the implementation of those strategies, and the evaluation and control of the outcomes. The process is aimed at setting the direction of the organization, aligning its resources and capabilities with its goals, and achieving a sustainable competitive advantage.
It is a dynamic and iterative process that requires continuous monitoring and adjustment in response to changes in the internal and external environment.
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Ramona enjoys her job because she is able to help kids in an after school program. The work value Ramona feels strongest about is _____.
a.
leadership
b.
risk
c.
independence
d.
work with people
Answers
Answer:
work with people
Explanation:
because she enjoys her job working with the kids and helping them out in the after school program at the same time she is showing good leadership to the kids but she gets along with the get and enjoy helping them
Answer:
The answer is D.
Explanation:
Work with people. Give credit to the guy above me!11!
If Chinwe owes $2,164.00, what would her quarterly payments be?
Answers
Answer:
$541.00
Explanation:
2164 / 4 = 541
Based on the calculation, Chinwe's quarterly payment would be equal to $541.00.
What is a quarterly payment?A quarterly payment can be defined as a cumulative total of monthly payments that are made by an individual or business organization, four (4) times in a year or an annual basis. This ultimately implies that, a quarterly payment would be paid in four (4) installments only.
Given the following data:
Debt = $2,164.00.
Quarterly payment = 2,164.00/4
Quarterly payment = $541.00.
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Terry took out a mortgage loan for $60,000 at an interest rate of 11% for 25 years. If Terry had not had a bankruptcy
on her credit report, her payments could have been $424.07 per month. How much is Terry paying in additional
interest over the life of the loan?
a. $49.200.00
b. $2,272.36
c. $163.00
d. $56,809.00
Answers
Answer: A. 49,200
Explanation: Took test on Edge
Based on the fact that Terry had a bankruptcy, the additional interest she will pay over the life of the loan is a. $49,000
What is the current monthly amount Terry pays?This can be found by the formula:
Loan amount = Amount paid x ( 1 - ( 1 + rate) ^-number of periods) / rate
Rate is: Number of periods
= 11% / 12 months = 25 x 12
= 11/12% = 300 months
Amount is:
60,000 = Amount x ( 1 - ( 1 + 11/12%)⁻³⁰⁰) / 11/12%
60,000 = Amount x 102.029043745
Amount = 60,000 / 102.029043745
= $588.07
What is the additional interest Terry will pay?= (Amount Terry pays now - Amount Terry would have paid) x 300 months
= (588.07 - 424.07) x 300
= $49,200
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What are the 3 main types of credit?
Answers
The 3 main types of credit: are revolving, installment, and open.
Credit can imply either borrowing money or getting something of a fee, like a vehicle, with the dedication to repay later and often with hobby charges. it may additionally imply your ability to borrow or purchase things on a credit score contract. Your credit score document and credit score are methods you get the right of entry to credit score defined.
Whilst you operate a debit card, the price range for the quantity of your purchase is taken from your checking account in nearly actual time. whilst you operate a credit card, the quantity will be charged to your line of credit, which means you may pay the invoice at a later date, which additionally gives you extra time to pay.
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Suppose that the annual demand for an item is normally distributed with a mean of 1000 and a standard deviation of 100. Assume that the lead-time is 3 months. What are the mean and standard deviation of the lead-time demand?
Answers
The mean of the lead-time demand is 3000, and the standard deviation of the lead-time demand is approximately 173.2.
To calculate the mean and standard deviation of the lead-time demand, we need to first understand the concept of lead time demand.
Lead time is the time it takes for an item to be replenished once it is ordered. During this lead time, demand for the item may continue to occur, leading to what is called lead-time demand.
Assuming that lead-time demand is also normally distributed, we can use the following formulas to calculate its mean and standard deviation:
Mean of lead-time demand = mean of annual demand * (lead time in months)
Standard deviation of lead-time demand = standard deviation of annual demand * square root (lead time in months)
Substituting the given values, we get:
Mean of lead-time demand = 1000 * 3 = 3000
Standard deviation of lead-time demand = 100 * square root(3) = 173.2 (rounded to one decimal place)
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Sam has take-home pay every month of $800. He anticipates that his expenses will add up to $675 for the month. In a zero-based budget, why is it important that she put the extra $125 in SOME budget category?
Answers
Answer:
see below
Explanation:
The Zero-based budgeting technique assumes there will be no balance bought forward nor balance carried forward. Budget preparation for a particular period must start from zero or scratch. Each expense must be on merit. Income and expenses must match. In the zero-based budget, the difference between income and expenditure must be zero.
If Sam has an income of $800 and expenses of $675, she has to re-work her costs again to ensure they match her income. The zero-based budget demands she draws her expenses list again and comes up with a way of spending the $125 difference.
Luke is going to school to get a degree in Veterinary Medicine. He wants to work in an animal hospital after he graduates. Which of the following job options would be most beneficial to Luke’s career while he is going to school? a. Babysit after school b. Work at a fast food restaurant c. Volunteer at a social service agency d. Work an entry level position at a veterinary clinic Please select the best answer from the choices provided A B C D
Answers
Answer:
D. Work an entry level position at a veterinary clinic
Explanation:
To become a veterinarian, get into vet school, get a job as a veterinarian, etc. You need experience. In this case, if he works a position at a veterinary clinic, he would be getting experience of what its like. He could be doing a job such as simply taking the dogs for a walk, and that would still be considered experience! So the answer would be D.
I also relate to this question a bit since I plan on going to vet school after I graduate. Hope this helps :)
Answer:
D
Explanation:
EDG 2021
Bought a motor van by cheque would result in
A. Increase in motor van and decrease in bank
B. Decrease in motor van and increase in bank
C. Increase in motor van and increase in capital
D. Increase in motor van and decrease in capital
Answers
Answer:
The answer is B.
Hope this helps!
Answer:
B one is correct
Explanation:
mark me brainlist
Porter is visiting india and would like to purchase some local spices. He finds some spices that cost 320. 38 rupees. If the current exchange rate is 1 dollar:73. 6500 rupees, how much do the spices cost in u. S. Dollars?.
Answers
Porter is visiting India and would like to purchase some local spices. So, the spices cost in u. S. Dollars is $ 4.36.
What do you mean by the current exchange rate?An exchange rate determines the price at which one currency will be exchanged for another and has an impact on international trade and money transfers.
Both the value of the home currency and the value of the foreign currency have an impact on exchange rates.
The buying rate and selling rate are the rates at which currency traders will purchase and sell foreign currency, respectively.
Given,
Cost of Spices = 320.38
Exchange rate = 73.6500
Here,
Cost of spices in Dollars = 320.38 / 73.65
Cost of spices in Dollars = 4.36
Therefore, Porter is visiting India and would like to purchase some local spices. So, the spices cost in u. S. Dollars is $ 4.36.
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When a department has no idle capacity and will interrupt their current level of sales to regular customers, the lowest acceptable transfer price to supply product to another division is ______.
Answers
The lowest acceptable transfer price at which the product can be supplied to the regular customer, during no idle capacity, is the selling price of the product.
What is idle capacity?The idle capacity in terms of the manufacturing department can be understood as the remaining capacity held by the business over its regular production.
Thus, when a department has achieved its idle capacity due to which the current sales to the regular customer will hamper. In this case, the department cannot transfer or supply the product below its basic selling price.
Therefore, the selling price can be taken as the lowest acceptable transfer price.
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4. As a result of the Covid pandemic, the management of FeiFei plc (F) are discussing with the executive workers union Emsa (E), the introduction of more flexible working practices to help increase profits. In return for accepting the new working practices, E are negotiating an increase in salaries. In these negotiations, E are attempting to maximise salaries and F are attempting to maximise their profits. Both F and E realise that they can each employ one of three negotiating strategies, and the profit/salary increase (%) depends upon the strategy employed by both F and E as follows:
E's Strategy
E1
E2
E3
F1
(5,6)
(6,8)
(2,7)
F's
F2
(5,4)
(8,5)
(2,6)
Strategy
F3
(5,3)
(8,3)
(3,4)
(If F employs F1 and E employs E1 then profits will increase by
5% and salaries will increase by 6%)
(a) Determine the likely outcome of these negotiations and explain how a more optimal outcome for both F and E might be achieved.
(300 words maximum) (35 marks)
The management of FeiFei plc (F) is also attempting to renegotiate a deal for the cost of its raw materials from Hippo plc (H). The price that F will pay and the amount that H will receive per unit of raw material (£) depends upon the strategies they both adopt as follows:F's Strategy
F4
F5
F6
H1
8
12
4
H's
H2
10
6
11
H3
10
14
8
Strategy
(If H employs H1 and F employs F4 then H will receive £8 per unit for the raw material and F will pay £8 per unit for the raw material).
(b)
(c)
Discuss why H3, F4 might appear to be a 'solution' to these negotiations and explain why it is unlikely to be achieved in practice.
(250 words maximum) (25 marks)
Determine the optimal strategy for both H and F in these negotiations and the amount which F can expect to pay for the raw materials. Explain the method
adopted at each stage of these calculations.
(300 words maximum) (40 marks)
Answers
The outcomes, represented as (profit increase, salary increase), indicate that the most favorable outcome for both F and E is when F employs strategy F2 and E employs strategy E2, resulting in a profit increase of 8% and a salary increase of 8%.
By analyzing the possible strategies and their corresponding outcomes, it becomes clear that F2 and E2 offer the highest gains for both parties. However, to achieve a more optimal outcome, F and E could employ cooperative negotiation strategies. This approach would involve open communication, compromise, and finding a mutually beneficial solution that balances profit maximization for F and salary maximization for E. By focusing on long-term sustainability and growth, both parties can work together to create a win-win situation that addresses their respective objectives.
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baldwin has a new design for their product best next round that can reduce their material cost of producing units from $8.14 to $7.32. baldwin passes on half of all cost savings by cutting the current price to customers. for simplicity: - use current labor costs of $4.02 - assume all period costs as reported on baldwin's income statement (annual rpt pg 2) will remain the same. determine how many units (000) of product best would need to be sold next round to break even on the product.
Answers
The unit of product that best would need to be sold next round to break even on the product is 980 units.
How to calculate the breakeven?From the information, Baldwin has a new design for their product best next round that can reduce their material cost of producing units from $8.14 to $7.32.
The following can be deduced:
Sales per unit = $19
Less: Direct cost = $7.32
Direct labor = $4.14
Contribution margin = $7.54
Fixed cost = $7459
The breakeven point in unit will be:
= Fixed cost / Contribution margin
= $7459 / $7.54
= 989
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As it relates to owners and managers, the principal-agent problem results from the:
double taxation of corporate profit.
separation of corporate ownership and control.
differing interests of corporate stockholders and bondholders.
limited liability of corporate owners.
Answers
The principal-agent problem results from the separation of corporate ownership and control.
This occurs when managers, who are hired by owners, may prioritize their own interests over those of the owners. Owners may want to maximize profits, while managers may want to increase their own salaries or job security. This conflict of interest can lead to a misalignment of goals and potential loss of profits for owners.
In other words, the principal-agent problem arises when there is a divergence between the interests of the owners (the principals) and the interests of the managers (the agents) who are hired to manage the business.
This separation of ownership and control can lead to a lack of accountability and transparency in decision-making, as well as a potential for agency costs and reduced overall profitability for the company.
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One focus of strategic trade policy is to help domestic companies gaina) more competition to lower prices.b) less competition to raise prices.c) monopoly status.d) a first-mover advantage.e) exclusive intellectual property rights.
Answers
One focus of strategic trade policy is to help domestic companies gain a first-mover advantage.
One focus of strategic trade policy is to help domestic companies gain a first-mover advantage in international trade. This involves using government intervention, such as subsidies or tariffs, to create a competitive advantage for domestic firms in industries where there are opportunities for global leadership. By helping domestic firms establish themselves as an early leaders in a particular industry, they may be able to benefit from economies of scale, build brand recognition, and gain a larger share of the market. However, strategic trade policy is a controversial approach, as it can lead to the protectionism and trade disputes with other countries.
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1. What is the economic order quantity for Zhou's AirWing bicycle? A.79. B.42. C.37. D.68.
Answers
None of the provided answer choices (A, B, C, or D) match the calculated EOQ.
Assuming the following values:
Annual demand for Zhou's AirWing bicycle = 1000 units
Ordering cost per order = $100
Holding cost per unit = $5
We can calculate the economic order quantity (EOQ) using the EOQ formula:
EOQ = sqrt((2 * Annual Demand * Ordering Cost) / Holding Cost per Unit)
EOQ = sqrt((2 * 1000 * 100) / 5)
EOQ = sqrt(200000 / 5)
EOQ = sqrt(40000)
EOQ ≈ 200
Therefore, the economic order quantity for Zhou's AirWing bicycle is approximately 200 units. None of the provided answer choices (A, B, C, or D) match the calculated EOQ.
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Zhou Bicycle Company (ZBC), Located In Seattle, Is A Wholesale Distributor Of Bicycles And Bicycle Parts. Formed In 1981 By University Of Washington Professor Yong-Pin Zhou, The Firm’s Primary Retail Outlets Are Located Within A 400-Mile Radius Of The Distribution Center. These Retail Outlets Receive The Order From ZBC Within 2 Days After Notifying The
Zhou Bicycle Company (ZBC), located in Seattle, is a wholesale distributor of bicycles and bicycle parts. Formed in 1981 by University of Washington Professor Yong-Pin Zhou, the firm’s primary retail outlets are located within a 400-mile radius of the distribution center. These retail outlets receive the order from ZBC within 2 days after notifying the distribution center, provided that the stock is available. However, if an order is not fulfilled by the company, no backorder is placed; the retailers arrange to get their shipment from other distributors, and ZBC loses that amount of business.
The company distributes a wide variety of bicycles. The most popular model, and the major source of revenue to the company, is the AirWing. ZBC receives all the models from a single manufacturer in China, and shipment takes as long as 4 weeks from the time an order is placed. With the cost of communication, paperwork, and customs clearance included, ZBC estimates that each time an order is placed, it incurs a cost of $65. The purchase price paid by ZBC, per bicycle, is roughly 60% of the suggested retail price for all the styles available, and the inventory carrying cost is 1% per month (12% per year) of the purchase price paid by ZBC. The retail price (paid by the customers) for the AirWing is $170 per bicycle.
ZBC is interested in making an inventory plan for 2019. The firm wants to maintain a 95% service level with its customers to minimize the losses on the lost orders. The data collected for the past 2 years are summarized in the following table. A forecast for AirWing model sales in 2019 has been developed and will be used to make an inventory plan for ZBC.
Month
2017
2018
Forecast for 2019
January
6
7
8
February
12
14
15
March
24
27
31
April
46
53
59
May
75
86
97
June
47
54
60
July
30
34
39
August
18
21
24
September
13
15
16
October
12
13
15
November
22
25
28
December
38
42
47
Total
343
391
439
Please help worth bonus points!
Answers
Answer:
the 4th and 5th one is for france
Explanation:
this is done in france France, it is called french silver service, it's a method of food service at the table, it's known as à l'anglaise (English service)
4=the staff utilizes platters to serve cooked food
5=the last one
1= america, the first one.
2=Russia
3=russia
if I got anything mixed up, pls inform me.
WILL MARK BRAINLIEST
Etiquette Inc. earns $150,000 as income from services in a particular accounting period. The company's operating expenses for this period are
$35,000. What is the company's net income?
The net income Etiquette Inc. earns is $______.
Answers
Answer:
$115,000
Explanation:
150,000-35,000
Last year, lagunes outdoor issued $1 million in unsecured, noncallable debt. this debt pays an annual interest payment of $55 and matures six years from now. the face value is $1,000 and the market price is $1,020. which one of these terms correctly describes a feature of this debt?
Answers
The feature of this debt that is correctly described by the given information is that it is trading at a premium.The face value of the debt is $1,000, which is the amount that will be paid back to the lender at maturity.
The fact that the market price is $1,020 means that investors are willing to pay more than the face value of the debt to acquire it. This premium is likely due to the fact that the annual interest payment of $55 represents a higher yield than other comparable investments available in the market.The fact that the debt is unsecured and noncallable means that it is not backed by any collateral and cannot be called back by the issuer prior to maturity. These are also important features of the debt, but they are not specifically indicated by the given information.
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What is the area of this figure?
Enter your answer as a decimal in the box.
Answers
Consider the market structure of perfect competition. What does the lack of entry barriers indicate?
Answers
In the market structure of perfect competition, the lack of entry barriers indicates that there are no significant obstacles for new firms to enter the market and compete with existing ones. This promotes competition, efficiency, and benefits for consumers.
Perfect competition is characterized by the absence of entry barriers, which means there are no legal, economic, or structural impediments for new firms to enter the market. This lack of barriers enables easy entry and exit of businesses, fostering a competitive environment. New firms are free to enter the market and compete with existing ones, which leads to several outcomes. Firstly, the absence of entry barriers encourages competition among firms. With no restrictions on market entry, new businesses can freely enter and offer their goods or services, increasing the number of suppliers in the market. This increased competition forces firms to strive for efficiency, lower costs, and differentiate their products to attract customers.
Secondly, the lack of entry barriers in perfect competition encourages innovation. With no barriers to impede entry, entrepreneurial individuals or firms can enter the market with new ideas and products. This promotes innovation as firms seek to gain a competitive advantage and capture consumer attention. The absence of entry barriers allows for a dynamic market environment where new entrants can introduce fresh ideas, technologies, and business models, fostering economic growth and progress. In conclusion, the lack of entry barriers in perfect competition signifies a market structure that promotes competition, efficiency, consumer benefits, and innovation.
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