Answers
A promissory note is the document specifies the amount of the mortgage loan, the interest rate, loan term, and repayment schedule. It essentially spells out how the lending institution will be paid back.
What is promissory note ?A promissory note is a written pledge to pay back borrowed funds. Binding contracts known as promissory notes are intended to safeguard both the lender and the borrower. The promissory note serves as written confirmation of the borrower's debt.
The financial information on the loan's repayment, including the interest rate and method of payment, is provided in a promissory note. A mortgage outlines the steps that will be taken if the borrower is unable to make loan payments.
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Related Questions
The additional components of the marketing mix for marketing a service does not include which of the following?
people
process
popularity
physical environment
Answers
The marketing mix comprises four primary elements: product, price, promotion, and place. However, when marketing services, some additional components are added to the mix. These components are known as the 7Ps of marketing and include people, process, and physical evidence (or physical environment).
Popularity, on the other hand, is not a component of the marketing mix for services. Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
People: This component of the marketing mix is concerned with the people involved in the delivery of the service. These people include the employees, staff, and other personnel involved in providing the service to the customers. These people are critical to the success of the service and need to be trained, managed, and motivated to provide excellent service.
Process: This component of the marketing mix is concerned with the procedures and processes involved in the delivery of the service. The process should be designed to ensure that the service is delivered consistently and efficiently, meeting the needs and expectations of the customers. A well-designed process can enhance the customer experience and help in creating a positive perception of the service.
Physical Environment: This component of the marketing mix is concerned with the physical environment in which the service is delivered. This environment can include the ambiance, decor, lighting, and other factors that contribute to the customer experience.
A well-designed physical environment can enhance the customer experience and contribute to the success of the service.
Popularity: Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
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Quality Manufacturers Ltd (QML) has three support departments: Equipment Maintenance,
Quality Control and Material Handling Department. The company has two departments that are
directly engaged in production: The Bending Department and the Welding Department. The usage
of the three-support department output is as follows:
Service Provider Departments and percentage of their services used by the user departments
Equipment Maintenance Department
- Bending department and Welding department use 30% and 70% of the services,
respectively
Quality Control Department
- Equipment Maintenance Department 5%
- Material Handling Department 20%
- Bending Department 25%
- Welding Department 50%
Material Handling Department
- Quality Control Department 5%
- Bending Department 35%
- Welding Department 60%
The budgeted costs in the respective departments were as follows:
Support departments:
Equipment maintenance $ 200 000
Quality control 120 000
Material handling 300 000
$ 620 000
Production departments:
Bending $ 600 000
Welding 100 000
$ 700 000
Total overhead costs $ 1 320 000
Required:
ACC502Sem: Operations Management Accounting Semester 2, 2020
7
Use the Step-down method to allocate the budgeted costs of the Equipment Maintenance, Quality
Control and Material Handling to the Bending and Welding Departments. QML allocates the costs
of the Quality Control Department first.
(Note: Round off your answers to the nearest whole numbe
Answers
Answer:
Quality Manufacturers Ltd (QML)
Service Departments Production Dept
Equipment Quality Material Bending Welding
Maintenance Control Handling
Budgeted Costs $200,000 $120,000 $300,000 $600,000 $100,000
Quality Control 6,000 (120,000) 24,000 30,000 60,000
Maintenance (206,000) 0 61,800 144,200
Material Handling (324,000) 119,368 204,632
Total costs 0 0 0 $811,168 $508,832
Explanation:
a) Data and Calculations:
Equipment Maintenance Department
- Bending department 30%
- Welding department 70%
Quality Control Department
- Equipment Maintenance Department 5%
- Material Handling Department 20%
- Bending Department 25%
- Welding Department 50%
Material Handling Department
- Quality Control Department 5%
- Bending Department 35%
- Welding Department 60%
Service Departments Production Dept
Equipment Quality Material Bending Welding
Maintenance Control Handling
Budgeted Costs $200,000 $120,000 $300,000 $600,000 $100,000
Quality Control 6,000 (120,000) 24,000 30,000 60,000
Maintenance (206,000) 0 61,800 144,200
Material Handling (324,000) 119,368 204,632
Total costs 0 0 0 $811,168 $508,832
Kelly Woo, owner of Flower Mode, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Woo wants to set the delivery fee based on the distance driven to deliver the flowers. Woo wants to separate the fixed and variable portions of her van operating costs so that she has a better idea how delivery distance affects these costs. She has the following data from the past seven months:_______.
LOADING...
(Click the icon to view the data.)
Use the high-low method to determine
Flower Paradise's cost equation for van operating costs. Use your results to predict van operating costs at a volume of 15,000 miles.
Let's begin by determining the formula that is used to calculate the variable cost (slope).
Change in cost / Change in volume = Variable cost (slope)
Now determine the formula that is used to calculate the fixed cost component.
Total operating cost - Total variable cost = Fixed cost
Use the high-low method to determine
Flower Paradise's operating cost equation. (Round the variable cost to the nearest cent and the fixed cost to the nearest whole dollar.)
y = $
x + $
Enter any number in the edit fields and then click Check Answer.
Data Table
Month Miles Driven Van Operating Costs
January. . . . . .
. . . . . . . . . 15,500 $5,390
February. . . . . . .
. . . . . . . . 17,400 $5,280
March. . . . . . . . .
. . . . . . . . 15,400 $4,960
April. . . . . . . . .
. . . . . . . 16,300 $5,340
May. . . . . . . .
. . . . . . . . 16,500 $5,450
June. . . . . . . .
. . . . . . . . 15,200 $5,230
July. . . . . . . . .
. . . . . . . . . . 14,400 $4,680
Answers
Answer:
Use the high-low method to determine Flower Paradise's cost equation for van operating costs.
y = $ 0.20x + $1,800
Use your results to predict van operating costs at a volume of 15,000 miles.
y = ($0.20 x 15,000) + $1,800 = $4,800
Explanation:
Month Miles Driven Van Operating Costs
January 15,500 $5,390
February 17,400 $5,280
March 15,400 $4,960
April 16,300 $5,340
May 16,500 $5,450
June 15,200 $5,230
July 14,400 $4,680
In order to calculate the fixed and variable costs using the high-low method, we must take the month with the highest activity (February) and the month with the lowest activity (July):
variable costs = ($5,280 - $4,680) / (17,400 - 14,400) = $600 / 3,000 = $0.20 per mile driven
fixed costs = $4,680 - (14,400 x $0.20) = $4,680 - $2,880 = $1,800
What is a positive and what is a normative statement?
Answers
Answer:
normative statement: conclusions based on value judgments that cannot be tested
positive statement: conclusions based on logic and evidence that can be tested.
Hope that helps
Have a good day
When you are looking for a used car, this resource will help you best determine the value of a particular make and model:
Answers
Summarize the relationship between knowledge and skill and the level of wages in the labor
market
?
Answers
Answer:
The relationship between knowledge and skill is easy to explain. If you have the knowledge (college degree) then companies will probably hire them because even if they don't have the skill, they are credible and can still be taught. Someone with skill but no degree is viewed as not as valuable.
Explanation:
In _____, products are made according to customer specifications.
Answers
____ is the production of goods or services within an economy and can include anything from farming, to furniture making, to healthcare services.
Answers
Answer:
I believe it's a market economy.
Explanation:
which career field is likely to experience growth in salary in the next few years below the annual median? education, hospitality, government, construction.
Answers
The government is the career field that is likely to experience growth in salary in the next few years below the annual median.
What is a government?This refers to the system of governing an organized community, generally a state. In the case of its broad associative, the government normally consists of legislature, executive, and judiciary.
The other terms for government are executive, regime, authority, powers that be, directorate, council, leadership, management. cabinet, ministry. rule, term of office, incumbency.
Hence, the government is the career field that is likely to experience growth in salary in the next few years below the annual median.
Therefore, the Option C is correct.
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explain Milton Friedman’s arguments against stakeholder theory
Answers
Friedman's main argument against stakeholder theory was that businesses have a sole responsibility to their shareholders, who have invested their money in the company with the expectation of earning a return on their investment. According to Friedman, businesses that try to satisfy the demands of various stakeholders, such as employees, customers, and suppliers, at the expense of shareholder returns are engaging in "socialist" behavior that undermines the efficient operation of the market economy.
Friedman also argued that businesses should not take on social or political causes because they lack the expertise and democratic legitimacy to do so. In his view, social and political issues are best addressed by government institutions and civil society organizations, not by businesses.
Furthermore, Friedman believed that businesses that engage in activities that benefit society, such as philanthropy or environmental initiatives, are effectively taxing their shareholders to support social causes that they may not agree with. He argued that it is not the role of businesses to make such decisions, but rather the role of individual shareholders and society as a whole.
Overall, Friedman's arguments against stakeholder theory were grounded in his belief that the sole responsibility of businesses is to maximize profits for their shareholders, and that businesses should not engage in activities that are outside of their core competencies or that may negatively impact shareholder returns.
QUESTION 2 of 10: Three smoothie shops exist in your town with annual sales of $300,000; $344,000; and $412,000. What is the average of their sales?
Answers
Answer:
352,000
Explanation:
add up all the numbers, then you divide by 3
The average of the three smoothie shop sales is $352,000.
What are sales?A sale is a transaction between two or more parties with respect to a particular product or a service. the payment can be done in cash, digital form, or a barter system. sales can be found out with the help of cost price and profit or loss incurred on selling the product or rendering service.
The annual sale of the first smoothie shop is $300,000
The annual sale of the second smoothie shop is $344,000
The annual sale of a third smoothie shop is $412,000
The average sale of smoothie shop = total of sales/ number of shops
= (300,00 + 344,000 + 412,000) / 3
=$352,000
Therefore, the average sales of the three shops are $352,000.
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The list price of an item is $96.60. The supplier is offering a series trade discount of 10/10/19. Find the net cost.
The net cost of the item is $
(Round to the nearest cent as needed.)
Answers
The net cost of the item, after applying the series trade discount, is $63.41.
To calculate the net cost of the item, we need to apply the series trade discount provided. The series trade discount is given as 10/10/19, which means there are three successive discounts applied.
Let's break down the discounts:
The first discount is 10%.The second discount is 10%.The third discount is 19%.To find the net cost, we need to calculate the price after each discount.
Step 1: Apply the first discount of 10%
List price - (10% of list price)
List price - (10/100 * List price)
List price - 0.1 *
List price = 0.9 * List price
Step 2: Apply the second discount of 10%
0.9 * List price - (10% of 0.9 * List price)
0.9 * List price - (10/100 * 0.9 * List price)
0.9 * List price - 0.09 * List price
0.81 * List price
Step 3: Apply the third discount of 19%
0.81 * List price - (19% of 0.81 * List price)
0.81 * List price - (19/100 * 0.81 * List price)
0.81 * List price - 0.1539 * List price
0.6561 * List price
Now, to find the net cost, we multiply the list price by the result of the series of discounts:
Net cost = List price * 0.6561
Given that the list price is $96.60, we can calculate the net cost:
Net cost = $96.60 * 0.6561
Calculating this, we find:
Net cost = $63.41 (rounded to the nearest cent)
Therefore, the net cost of the item, after applying the series trade discount, is $63.41.
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Consider the free cash flow approach to stock valuation. Utica Manufacturing Company is expected to have before-tax cash flow from operations of $500,000 in the coming year. The firm's corporate tax rate is 30%. It is expected that $200,000 of operating cash flow will be invested in new fixed assets. Depreciation for the year will be $100,000. After the coming year, cash flows are expected to grow at 6% per year. The appropriate market capitalization rate for unleveraged cash flow is 15% per year. The firm has no outstanding debt. The projected free cash flow of Utica Manufacturing Company for the coming year is _______.
Answers
Answer:
$180,000
Explanation:
Calculation for what The projected free cash flow of Utica Manufacturing Company for the coming year is
First step is to calculate After-tax unleveraged income
Before-tax cash flow from operations $500,000
Less Depreciation $100,000
Taxable income$400,000
($500,000-$100,000)
Less Taxes $120,000
(30%*400,000)
After-tax unleveraged income$280,000
($400,000-$120,000)
Now let calculate The PROJECTED FREE CASH FLOW
After-tax unlevered income + depreciation $380,000
($100,000+$280,000)
Less New investment $200,000
Free cash flow$180,000
($380,000-$200,000)
Therefore The projected free cash flow of Utica Manufacturing Company for the coming year is $180,000
Discuss the concept of 'Price Determination'
Answers
Answer: Price determination is the interaction of the broad. forces of supply and demand which “determine” or. cause the market price level. Price discovery is the process of buyers and sellers.
Explanation:
It may seem odd, but why would anyone buy bonds if they have a negative interest rate?
Choose one or more:
A. People who buy these bonds wish to help the government pay down debt at a lower cost.
B. Some pension funds are required to keep a portion of their portfolios in government bonds.
C. Government bonds are almost riskless.
D. The prices of alternative "safe" assets like gold do not change very much.
Answers
My opinion is that its government bonds seem to be almost risk-free.
How are governmental bonds issued?Bonds are a common form of capital raising used by both governments and enterprises. In essence, you are making a loan to the issuer when you buy a bond. In return, they promise to pay your interest just on bond on a regular basis, usually twice a year, and to pay back the full loan amount on a specific date.
What do current government bonds pay?I-bonds issued between November 2022 and April 2023 have a 6.89% composite rate.
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Heights of adult women are distributed normally with a mean of 162 centimeters and a standard deviation of 7 centimeters.
The percentage of heights less than 145 centimeters
The percentage of heights between 16t centimeters and 180 centimeters
Answers
Answer:
a) 0.75%
b) 60.9%
Explanation:
The heights of adult women are distributed normally with a mean(μ) = 162 centimetres and a standard deviation (σ) = 7 centimetres.
z score is a measure of the distance a raw score is from the mean in terms of standard deviation units. The z score is given by the equation:
\(z=\frac{x-\mu}{\sigma} \\\).
a) The percentage of heights less than 145 centimetres. For x = 145 centimetres, the z score is:
\(z=\frac{x-\mu}{\sigma} =\frac{145-162}{7}=-2.43\)
P(x < 145) = P(z < -2.43) = 0.0075
The percentage of heights less than 145 centimetres is 0.75%
b) The percentage of heights between 165 centimetres and 180 centimetres
For x = 165 centimetres, the z score is:
\(z=\frac{x-\mu}{\sigma} =\frac{160-162}{7}=-0.29\)
For x = 180 centimetres, the z score is:
\(z=\frac{x-\mu}{\sigma} =\frac{180-162}{7}=2.57\)
P(160 < x < 180) = P(-0.29 < z < 2.57) = P(z < 2.57) - P(z < -0.29) = 0.9949 - 0.3859 = 0.609
The percentage of heights between 160 centimetres and 180 centimetres is 60.9%
donna is a very smart accountant. She is friendly and outgoing but sometimes she gets distracted and does not turn in her work on time. Her manager is looking for someone to work with a very important client but donna is not considered for the opportunity what quality is donna lacking.
leadership
dependability
positivity
motivation I will give 20 points and brainliest if correct plz give me right answer
Answers
Donna is lacking motivation.
The reason is Donna having a friendly quality, if you having this quality then you can build a trust in your leadership. and also Donna is a very smart personality which ensures it's positivity and dependability.
Answer:
dependiballity
Explanation:
She gets distracted easily and forgets to turn in her work. She lacks dependiballity, she isnt reliable.
__________ technology uses a continuous Internet connection that allows users to send and receive mammoth files that include voice, video, and data much faster than ever before.
Answers
Broadband technology is the technology uses a continuous Internet connection that allows users to send and receive mammoth files that include voice, video, and data much faster than ever before.
What is Broadband technology ?Broadband technology, can be desceibed as the technology which involves the telecommunications devices, as well as the lines, or which allow communication over a wide band.
It shoud be noted that this technology make use of broad of frequencies, which do encompass the range of frequencies having differnt independent channels which is been used for ransmission.
In conclsion the technology that is been described above is ben used in the process of receiving mammoth files which could encompass voice, video and it is been used by the indivduals as well as the organization that run business with customers around the world or within the country.
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What are the differences between first-generation OD and second-generation OD? What are the major changes between these two generations of OD practice? What do you think have been the losses or gains in the second generation of OD practice?
Answers
The main difference between the two generations of OD is that the first generation focuses on individual development, while the second generation focuses on the development of the entire organization.
1st generation:
We focus on personal growth through T Group. Management Practices and Employee Participation.
- Behavioral surveys, survey feedback and sociotechnical systems.
Second generation:
It highlighted larger system-wide concerns such as culture, change management, and organizational development. I think there are some gains and losses. OD is not a one-size-fits-all approach. Different organizations therefore require different approaches. It is a win in the sense that they are new and improved because there are new experiences and research programs and scholars build on previous practices.
But it's a loss. Perhaps his OD practices in the 1st gen work best for a particular company, but are overlooked or heavily altered for the 'benefits' of the 2nd gen and never tried. because they won't try. In defining these groups, “first generation” refers to foreign-born individuals who have at least one foreign-born parent. People born in the Netherlands from at least one of their foreign-born parents belong to the 'second generation' (CBS, 2000).
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Where should a user store frequently used icons on a computer?
Answers
Answer: they should be loaded on the tool bar
Explanation:
for quick and easy access
what are the best GPHR Study guide available?
Answers
The best GPHR Study guides available include Global Professional in Human Resources (GPHR) Study Guide by David Siler and Global Professional in Human Resources (GPHR) Exam Prep Workbook by HRCI.
What GPHR Study guides are best ?Global Professional in Human Resources (GPHR) Study Guide by David Siler and Global Professonal in Human Resources (GPHR) Exam Prep Workbook by HRCI cover all of the topcs that are covered on the GPHR exam, and they provide you with the information you need to pass the exam.
They also include practce questions and answers, which can help you to prepare for the actual exam.
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Smith Services ceased doing business and was dissolved in 2018, with its assets being distributed to creditors. Laker Express only recovered a small part of the amount owed by Smith Services, Inc. Tony Smith then opened up a new trucking service business as a sole proprietor. Laker Express sought to recover Smith Services' unpaid fuel charges, which amounted to about $35,000, from Smith. Smith argued that he was not personally liable for a corporate debt. Should a court hold Tony Smith personally liable
Answers
a company is analyzing a make-versus-purchase situation for a component used in several products, and the engineering department has developed these data: option a: purchase 10,000 items per year at a fixed price of $8.50 per item. the cost of placing the order is negligible according to the present cost accounting procedure. option b: manufacture 10,000 items per year, using available capacity in the factory. cost estimates are direct materials
Answers
Cost of purchasing is $85000 and Cost of manufacturing is $95000 at 10,000 items per year at a fixed price of $8.50 per item.
given data:
items per year = 10,000
fixed price per item = $8.50
Cost of purchasing :-
10000*8.50 = $85000
Cost of manufacturing :-
10000 *(5 +1.50+3 ) = $ 95000
The cost of purchasing refers to the expenses associated with acquiring goods or services from a supplier. This cost can include the purchase price, shipping and handling fees, taxes, duties, and any other costs incurred during the procurement process. For businesses, the cost of purchasing is a critical factor that can impact the company's profitability, competitiveness, and ability to meet customer demands. As such, companies must carefully evaluate their purchasing options and negotiate favorable terms with suppliers to minimize the cost of purchasing.
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Many families cannot afford to travel to distant places, so the " staycation has become popular People on a staycation make short trips to nearby places, but they go back home to sleep. How might a hotel attract local people who are staycationing?
Answers
Answer:
The first thing is to categorize target customer to either by Sex, group age.social status.etc..
econdly,it to identify preferred offer that suite each category
Thirdly ,Create different offer at different seasonal or Holiday to attract local people.
fourthly,improve the indoor design and the outlook of the premises.
Explanation:.
The best way is to Capture target customer and provide essential services that makes them ask for more
Situation
The context you find yourself in is electronics store owner. The name of your store is Electro Hut. As an owner you want to make a profit. You need to price the products you are selling, but need to make sure that overall you have 30% profit, but two of the products you sell require you to sell them for a price set by the manufacture.
The challenge involves dealing with your customers. In order to be the best store in town, you must not over charge. Adding 30% to all the items except the products that you must sell at a price set by the manufacture will ensure you don't price too high.
For the two items that prices are set by the manufacture you need to find the amount of profit that manufacturer are allowing you to make.
Finally, you will need to write a summary paragraph which needs to explain what you did and why you did it.
Answers
Answer:
Try This
Explanation:
Try to find the number of flexable priced products you may sell. for 30% to the profit, you must factor in the total available numbers, and evenly divide the percentage lost to the other products. take 30% of the price you pay for the two regulated products, add that number and you may then divide that amount equaly to the already 30% profit you have factored in with the other items.
a- amount
B- price
p- necessary profit
c- profit per item
(Ba x.03) = p
p/(a-2) = c
((2.00 x 4) .30) =
=8.00 x .3
=2.4
4-2/ 2.4
2/ 2.4
1.2 = c
c should be how much you add to two items, and your done! you have a correct price set for your item that allow you to make 30% profit on all items excluding the two that must be kept at a standard price.
in the united states ,dollar bills, , and dimes are representative money
Answers
Answer:
In the United States, dollar bills, nickels, and dimes are Representative money It can be exchanged for a valuable good, was used in systems involved a "gold standard", and can be traded for a commodity such as silver.
leearning task 1 give the examples of technology
Answers
Technology continues to evolve and shape our lives, transforming industries, and opening up new possibilities for innovation and growth.
Technology encompasses a wide range of tools, systems, and applications that are designed to improve efficiency, productivity, and communication in various fields. Here are some examples of technology in different areas:
1. Information Technology (IT): Examples include computers, laptops, servers, networking equipment, software applications, operating systems, databases, cloud computing, cybersecurity systems, and data storage devices.
2. Communication Technology: Examples include smartphones, landline phones, video conferencing systems, email platforms, instant messaging applications, social media platforms, VoIP (Voice over Internet Protocol) systems, and telecommunications infrastructure.
3. Transportation Technology: Examples include automobiles, airplanes, trains, ships, electric vehicles, GPS navigation systems, traffic management systems, logistics and supply chain software, and autonomous vehicles.
4. Medical Technology: Examples include medical imaging devices (X-rays, MRI machines, CT scanners), electronic health records (EHR) systems, robotic surgery systems, telemedicine platforms, wearable health monitoring devices, and medical research equipment.
5. Educational Technology: Examples include interactive whiteboards, online learning platforms, educational software, e-books, virtual reality (VR) and augmented reality (AR) tools for learning, student management systems, and distance learning platforms.
6. Renewable Energy Technology: Examples include solar panels, wind turbines, hydroelectric power systems, geothermal energy systems, biomass energy systems, energy storage solutions, and smart grid technologies.
7. Agricultural Technology: Examples include precision farming tools, automated irrigation systems, drones for crop monitoring, livestock tracking systems, genetic engineering and biotechnology in agriculture, and farm management software.
8. Entertainment Technology: Examples include streaming services, gaming consoles, virtual reality (VR) headsets, smart TVs, home theater systems, digital music players, and video editing software.
9. Financial Technology (Fintech): Examples include mobile banking apps, digital payment platforms, cryptocurrency systems, robo-advisors, online lending platforms, and blockchain technology.
10. Manufacturing Technology: Examples include robotics and automation systems, 3D printers, CNC machines, computer-aided design (CAD) software, inventory management systems, and quality control systems.
These are just a few examples of the vast array of technologies that exist today. Technology continues to evolve and shape our lives, transforming industries, and opening up new possibilities for innovation and growth.
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Help: will give brainliest
A production manager is looking for new sources of raw material because he
is concerned about the effects of a long-term drought. This manager is
engaging in
A. enterprise risk management
B. scenario analysis
C. diversification planning
O D. offshore outsourcing
Answers
The manager is engaged, based on the looking out for new sources of the material needed, in Enterprise Risk management.
What is Enterprise Risk Management ?Enterprise risk management (ERM) is a systematic approach to identifying, assessing, and controlling risks that an organization faces in achieving its objectives. It involves the processes and systems used by organizations to assess and manage the uncertainty inherent in their operations and activities.
The goal of ERM is to help organizations make informed decisions that balance the trade-off between risk and reward and promote long-term success. This is what the manager is doing by trying to get ahead of the drought.
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plagerism COMPARISON OF PRIMARY AND SECONDARY RESEARCH
Primary research is the first research that is involved in collecting data. The primary researcher assembles first-hand information to form the basis of systematic analysis, rather than utilizing available data. Generally speaking, research is largely based upon specific needs, which often necessitates a large number of highly qualified individuals. Because of this, this type of research gives the researcher full control of the data, making it extremely useful in fast-paced environments. This is why many companies outsource market research to third parties. Unlike secondary research, primary research grants the investigator 100% control over the study data, which makes it extremely valuable."
In secondary research, the secondary researcher does not have to gather first-hand information. In addition, research helps avoid knowledge repetition by mapping out previous research efforts, allowing the original researcher to concentrate on new areas of inquiry. On the other hand, research builds upon already gathered data to develop a systematized investigation. This implies that data is not actively collected by the researcher. In secondary research, the researcher does not acquire secondary data, so he or she cannot confirm the accuracy of the research materials. Secondary research can be accomplished relatively quickly and with few resources because the study data already exists unlike primary research, which is time-consuming and expensive.
Answers
thanks for the answer...
1. A part is produced in lots of 1,000 units. It is assembled from two components worth $50 total. The value added in production (for labor and variable overhead) is $60 per unit, bringing total costs per completed unit to $110. The average lead time for the part is 6 weeks and annual demand is 3,800 units, based on 50 business weeks per year. a. How many units of the part are held, on average, in cycle inventory
Answers
Answer:
A. Average cycle inventory 500 units
Value of cycle inventory $55,000
B. Average pipeline inventory 456 units
Value of the pipeline inventory $36,480
Explanation:
a. Calculation to determine How many units of the part are held, on average, in cycle inventory
Calculation for Average cycle inventory
Average cycle inventory=1000/2
Average cycle inventory=500 units
Therefore the Average cycle inventory is 500 units
Calculation for Value of cycle inventory
Value of cycle inventory=(500 units) *($50+$60)
Value of cycle inventory=(500 units*$110)
Value of cycle inventory=$55,000
Therefore the Value of cycle inventory is $55,000
b. Calculation to determine Avarage Pipeline inventory and Value of the pipeline inventory
First step is to calculate the unit cost using this formula
Unit cost = Material + 50%of labor and variable overhead
Let plug in the formula
Unit cost=$50+(50%*$60)
Unit cost= $50 + $30
Unit cost= $80
Now let calculate the Average pipeline inventory
Average pipeline inventory = = [(3800 units/year)/(50wks/yr)] x (6 weeks)
Average pipeline inventory= 456 units
Therefore Average pipeline inventory is 456 units
Calculation to determine Value of the pipeline inventory
Value of the pipeline inventory = (456 units) x ($50+$30)
Value of the pipeline inventory=456 units×$80
Value of the pipeline inventory= $36,480
Therefore the Value of the pipeline inventory is $36,480