When choosing which communication channel to utilize and when, project managers must consider the requirements of the organization, the project, and the people involved.
Briefing:-Regardless of the requirements of the stakeholders, status reports should be produced in a uniform style. Any communication issues the team may have can be resolved by the facilitator.
Which form of communication is best for gauging project stakeholders' commitment?The best use of email communication is to gauge someone's dedication to a project.
Which of the following recommendations is a best practice for project managers to adhere to while emailing their teams?Which of the following should project managers adhere to while emailing teams? Put the complete message in the subject line if it would fit. Regardless of the requirements of the stakeholders, status reports should be produced in a uniform style.
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Which of the following does not explain why is there an inverse (negative) relationship between price and quantity demanded?
A. Income effect--that is, a price change can affect the amount of some item you can afford to purchase
B. Substitution effect -- that is, a price change can affect the opportunity cost of purchasing some item and your willingness to switch to ( or from) another item.
C. Diminishing marginal utility-- as you consumer more, as the result of price decrease, the additional satisfaction received from the additional units consumer will start to go
D. When the price of an item increases, you buy more because it is more valuable
An economic principle known as the law of demand explains why there is an inverse relationship between the demand for a commodity or service and its price. When a good or service's price rises, fewer people will buy it, and vice versa, if all other variables stay the same. Hence we can say that option (d) does not explain the inverse relationship between price and quantity demanded
The law of demand states that as price decreases, quantity demanded increases and as price increases, quantity demanded decreases. The price and quantity demanded are inversely correlated.
The decreasing slope of the demand curve results from the inverse relationship between price and quantity desired. The link between price and quantity demanded is represented by the demand curve.
Demand is the capacity and desire of consumers to buy at a given price and time. Buyers' demand responsiveness to price fluctuation is known as elasticity of demand.
Demand might fluctuate more in response to price changes if it is elastic. Demand varies less in response to price changes when there is inelastic demand.
Demand is less responsive to price change, or inelastic, when: consumers see fewer substitute competing items; the item represents a small portion of the consumer's budget; and consumers have less time to adjust to price changes.
Switching to alternative products from competitors is more practical if there are no costs involved. Due to the ease of substituting commodities, demand for goods is elastic, or more responsive to price changes.
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A job candidate you are interviewing acts nervous, gives a weak handshake, and fails to talk with confidence. Although the rest of the interview goes well and the candidate seems to have the characteristics you are looking for you give mediocre ratings because of the poor start to the interview. O First impression bias O The halo effect O The contrast effect O Selective perception
D. First impression bias, A job candidate you are interviewing acts nervous, gives a weak handshake, and fails to talk with confidence.
Paul attended the same college as you, you discover during your interview with him. As a consequence, you rate Paul highly in terms of his ability and appropriateness for the firm.Projection\s, When your coworker Mia performs well on an exam for a promotion, she remarks that it was because she put a lot of effort into studying. When you perform well on the same test, Mia remarks that you were fortunate.Attribution, The order in which these actions should be performed while casting a soil imprint is: photograph the impression, frame the impression, pour the cast, and remove the cast.
A job candidate you are interviewing acts nervous, gives a weak handshake, and fails to talk with confidence. Although the rest of the interview goes well and the candidate seems to have the characteristics you are looking for you give mediocre ratings because of the poor start to the interview. O First impression bias O The halo effect O The contrast effect O Selective perception
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financial ratios can be used by a commercial loan department to aid the loan officers in deciding whether to grant a commercial loan and in maintaining control of a loan once it is granted. in order to gain insights into how commercial loan departments view financial ratios, a questionnaire was sent to the commercial loan departments of the 100 largest banks in the united states. based on the responses received the ratios with the highest significance rating are
Based on the responses received the ratios with the highest significance rating are the current ratio and account receivable turnover in days.
What is account receivable turnover ratio?
By analysing how long it takes to collect the outstanding debt over the course of the accounting period, the accounts receivable turnover ratio, also known as receivables turnover, is used in business accounting to quantify how well businesses are managing the credit that they extend to their customers.
What is a good turnover ratio for accounts receivable?
Companies should aim for a ratio of at least 1.0 to ensure they collect the full amount of average accounts receivable at least once during a period. In general, a higher accounts receivable turnover ratio is advantageous.
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book value provides a useful benchmark in the price to book ratio, because multiple choice question. book value only includes the capital supplied by equity investors in the firm book value is more volatile that earnings book value includes a current assessment by investors of the firm's future prospects book value includes the accumulated retained earnings for the firm
Book cost offers a useful benchmark in the Price to Book ratio, because. e book value includes the accrued retained salary for the firm.
What is the ratio of book?The book-to-market ratio compares a company's e book fee to its market value. The book cost is the price of belongings minus the fee of the liabilities. The market cost of a organisation is the market charge of one of its shares multiplied by using the variety of shares outstanding.
How is e book ratio calculated?The rate to e book ratio (P/B) is calculated by dividing a company's market capitalization through its book cost of fairness as of the state-of-the-art reporting period. Or, alternatively, the P/B ratio can also be calculated through dividing the contemporary closing share charge of the organization through its most latest e book value per share.
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https://brainly.com/question/12450111#SPJ4a partial adjustment to the amount owed by the customer for goods that were not returned, but did not fully meet the customer's expectations is referred to as ____.
A partial adjustment to the amount owed by the customer for goods that were not returned, but did not fully meet the customer's expectations is referred to as a sales. allowance.
The partial adjustment component is an alternative version of electricity called that captures the dynamics of the call for the conduct, allowing for the pliancy of the call with respect to each of its determinants to be expressed in each of its short-run and lengthy-run forms.
There are three main forms of adjusting entries: accruals, deferrals, and non-cash costs. Accruals encompass collected sales and costs. Deferrals can be prepaid expenses or deferred sales. Non-cash fees modify tangible or intangible fixed belongings thru depreciation, depletion, etc. This restricted capability is expressed in Equation (2) as parameters θ1 and θ12, the partial adjustment constraints. The parameter θ1 captures both the power of month-to-month behavioral inertia and the month-to-month price of capital turnover for styles of equipment that can be operated in all months (e.g., refrigerators), and the parameter θ12 captures the electricity of yr-to-12 months behavioral inertia and the fee of capital turnover that has a seasonal usage sample (e.g., air conditioners).
The parameters θ1 and θ12 will tackle values between 0 and one, with 0 similar to a scenario wherein consumers are absolutely not able to modify consumption in the direction of the long-run equilibrium, and with one similar to a scenario wherein the whole capital stock can turn over proper away and no behavioral habit exists.
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T/F when performing capital budgeting analysis, a benefit must take into account the income taxes that must be paid on it before it can be considered a true benefit.
When performing capital budgeting analysis, a benefit must take into account the income taxes that must be paid on it before it can be considered a true benefit is true.
What Is Capital?Anything that provides value or advantage to its owners, such as a factory and its equipment, intellectual property like patents, or the financial assets of a company or an individual, can be referred to as capital.
What does capital mean to businesses?Business capital typically refers to the assets that your firm owns in the form of money that you can employ to fuel expansion and create stability in your finances. There is a difference between capital and money. Due of its ability to be used to manufacture goods and generate income, capital can be more powerful than currency (e.g., investments).
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which of the following would be considered a qualified expense for the student loan interest deduction
Qualified expense for the student loan interest deduction include tuition, fees, books, supplies, room, board, and other necessary expenses of attendance.
A loan taken out by a taxpayer only to cover qualified educational costs for themselves, their spouses, or any dependents at the time the loan was taken out is referred to as a qualified education loan.
The costs of attending a qualified educational institution are considered qualified education expenses. These costs cover tuition, fees, books, supplies, accommodation, board, and other essential living costs. A specific amount of education-related nontaxable income must be deducted from the costs.
A postsecondary institution that qualifies to take part in the federal student loan program is an eligible educational institution. The interest must be paid along with a qualified education loan that is utilized to cover eligible educational costs at an eligible institution of higher learning.
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Which of the following must be true if at the 10th unit of output, marginal cost is $130 and ATC is $150? 2 ATC of producing the 9th unit is higher than $150 MC of producing the 9th unit is higher than $130 AVC of producing the 10th unit is equal to $20 ATC of producing the 9th unit is less than $150 AVC of producing the 10th unit is higher than $150
ATC of producing the 9th unit is higher than $150. is correct option to the given question.
This is because for the 10th unit of output, ATC is $150 and MC is $130. This means that the total cost of producing the 10th unit is $150, which is higher than the marginal cost of the unit. Therefore, the total cost of producing the 9th unit must have been higher than $150, which implies that its ATC must have been higher than $150.
The term "marginal cost" is the rise in manufacturing costs brought on by the creation of more product units. A different name for it is the marginal cost of production.
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which of the following transactions would not appear on the cash flow statement? which of the following transactions would not appear on the cash flow statement? the purchase of land for stock the issuance of a bond payment of cash dividends equipment is purchased for cash all of the above would appear on the cash flow statement
The correct assertion is the buy of land for stock.
At times, companies enter into investing and financing transactions that do no longer contain cash, such as issuing frequent stock to buy land. These transactions are now not pronounced on the announcement of money flows due to the fact they do no longer supply or use cash.
What is cash flow?Cash go with the flow is a measure of how lots money a business brought in or spent in total over a length of time. Cash float is commonly broken down into cash drift from running activities, investing activities, and financing activities on the statement of money flows, a frequent monetary statement.
What is cash flow announcement in simple words?A cash float assertion is an necessary device used to control budget by means of tracking the money go with the flow for an organization. This declaration is one of the three key reviews (with the income declaration and the balance sheet) that help in deciding a company's performance.
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https://brainly.com/question/10922478#SPJ4If an economy is in long-run equilibrium, then which of the following is true for the economy's Phillips curve model?
a.The short-run Phillips curve intersects the long-run Phillips curve, and the actual unemployment is equal to the natural rate.
b. The short-run Phillips curve does not intersect the long-run Phillips curve, and the actual unemployment is equal to the natural rate.
c. The short-run Phillips curve intersects the long-run Phillips curve, and the actual unemployment is more than the natural rate.
d. The short-run Phillips curve does not intersect the long-run Phillips curve, and the actual unemployment is less than the natural rate.
e. The short-run Phillips curve intersects the long-run Phillips curve, and the actual unemployment is less than the natural rate.
If an economy is in long-run equilibrium, then the true option for the economy's Phillips curve model is option e. The short-run Phillips curve intersects the long-run Phillips curve, and the actual unemployment is less than the natural rate.
Where does the intersection between the short run and long run Phillips curves occur?The Phillips curve shows that unemployment and inflation have an inverse connection in the short run, but not in the long run. The short-run Phillips curve (SRPC), which depicts various ratios of unemployment and inflation, is where the economy is always located.
Therefore, the long-run Phillips curve moves right as the natural unemployment rate rises. The short-run Phillips curve moves to the right to cross the LRPC curve at the higher natural unemployment rate and the predicted inflation rate.
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Which of the following is the most effective control procedure to detect vouchers that were prepared for the payment of goods that were not received?
Count goods upon receipt in storeroom.
Match purchase order, receiving report, and vendor's invoice for each voucher in accounts payable department.
Compare goods received with goods requisitioned in receiving department.
Verify vouchers for accuracy and approval in internal audit department.
Option (b), The best control method to identify vouchers produced for the payment of products that were not received is to match each voucher with the purchase order, receiving report, and vendor's invoice.
How are the vendor invoice and the related receiving report matched with the purchase order?Three-way matching involves comparing purchase orders (PO), goods receipt notes, and supplier invoices in order to detect fraud, save money, and maintain accurate records for the audit trail. The supplier is often paid after delivery but before three-way matching is completed.
Does the invoice need to match the PO?The sole invoice that is approved for payment must therefore match the PO, the goods receipt, the tolerances, and the inspection slip. These invoice matching techniques ensure that companies only pay for the goods and services they have requested and received.
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it is widely used as a measure of the general level of prices in an economy. it is used to adjust for changes in the cost of living over time, to compare the purchasing power of different currencies, and to calculate the actual value of wages and other income.
The worth of products and services that may be purchased with one unit of a country's currency is determined by the purchasing power parity, which measures the overall income earned by all economic sectors within a country.
The amount of items that consumers can purchase in their home country using their own currency is reflected in the exchange rate on the world currency market.
This is the total income from all economic sectors and across all countries that purchase one unit of the national currency on the domestic market. The PPP aids in cost but does not account for profits or take into account the caliber of goods in other nations.
Purchasing Power Parity is fairly compares the relative economic development levels of various nations.
Additionally, it compensates for the difficulty to correlate purchasing power across nations by using purchasing power parity, another indicator of economic advancement. A market basket of goods that takes the exchange rate into account is priced similarly in both countries, which, according to this theory, indicates that two currencies are in balance or at par.
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activities can be delayed only to the point where all their positive slack is used up, as any further delays would cause the project to
Activities can be delayed only to the point where all their positive slack is used up, as any further delays would cause the project to extend beyond the project completion time.
A project is any work that is intentionally planned to achieve a certain goal, whether done alone or in collaboration with others, and which may involve research or design. An alternative perspective describes a project as a series of connected tasks that must be completed within a specific time, budget, and other constraints.
A project can be a temporary social structure with groups working within a time limit to complete certain tasks. A project can be used as a special system or as part of a larger program management framework.
Hence the correct option is B
The above question is incomplete, the complete question is-
Activities can be delayed only to the point where all their positive slack is used up, as any further delays would cause the project to
a. increase costs of all the activities in the project.
b. extend beyond the project completion time.
c. be completed ahead of schedule.
d. increase its requirements for additional resources for all activities.
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simple interest involves earning or charging interest on both a stated principal amount and the interest that has been previously earned or charged.
It is true that simple interest involves the earning or charging interest on both stated principal amount and interest that has been previously earned or charged.
What is interest?In the domains of finance and economics, interest is defined as the payment of a sum over the principal amount (the amount borrowed) to a lender or depositor at a predetermined rate by the borrower or deposit-taking financial institution. It's distinct from any fees the borrower might owe the lender or another party. Lenders are paid interest, whereas owners of assets, investments, or businesses are paid profits. Profit and interest are different from one another in this way. The sum of the interest paid or received over a predetermined period is the interest rate, which is equal to the interest rate divided by the principal amount borrowed or lent. The principle is increased along with any prior interest when interest is compounded.
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Wallace owns a construction company that builds both commercial and residential buildings. He contracts to build a residential building for $800,000 for which he is eligible to use the completed contract method of accounting. In the current year for regular income tax purposes, Wallace does not recognize any income on the contract. Under the percentage of complete method, the income recognized under the contract would have been $60,000.Wallace's AMT adjustment is: A) $0. B) $60,000 negative adjustment. C) $60,000 positive adjustment. D) $800,000 positive adjustment. E) None of the above.
C) Wallace's AMT adjustment of $60,000 positive adjustment.
Under the completed contract method of accounting, Wallace does not recognize any income on the contract in the current year for regular income tax purposes. However, under the percentage of completion method, the income recognized under the contract would have been $60,000.
Therefore, Wallace must make a positive adjustment of $60,000 to account for the difference in income recognition between the two methods of accounting. This will result in an additional amount of income being reported on his taxes, which will create a positive adjustment of $60,000.
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An organization is planning on moving most of its on-premises resources to azure. the it team must classify expenses as part of the business justification. under which of the following categories would the expenses for pay-per-use software licenses be included?
The expenses for pay-per-use software licenses would be included in the category of Operational Expenses.
Operational expenses are expenses related to the day-to-day running of the business such as employee salaries, rent, utilities, and software licenses. Pay-per-use software licenses are required to use certain software and are paid for on a regular basis.
This type of expense falls under the category of operational expenses because it is necessary for the organization to use the software in order to run its operations effectively. Additionally, the cost of these licenses must be factored into the overall cost of operations in order to ensure the organization is able to remain competitive and profitable.
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the french gnp is $542 billion. their monetary unit is the frank. typical trading partners are the other eu members, the united states, and africa. exports include machinery, transportation equipment, and food. the united states received $28.5 billion in imports in 2004 from france. french exports to the united states increased 56.9 percent from the previous year. this trend is not expected to change because of the cheaper u.s. dollar and the strong french demand.
This trend is not expected to change because of the cheaper U.S. dollar and the strong French demand is false.
Define trading partnersPartner in trade "Trading partner" is defined as (A) a manufacturer, repackager, wholesale distributor, or dispenser who accepts direct ownership of a product from another manufacturer, repackager, wholesale distributor, or dispenser or who receives a product as a transfer from another manufacturer, repackager, wholesale distributor, or dispenser.
As more individuals start looking for stock market jobs, trading has the potential to become a full-time professional vocation. There is no minimum age requirement to start trading stocks; both adults and kids are eligible to do so. When beginning their professions, traders can occasionally become impatient. Beginning today, they want to be successful tomorrow. Well, having patience is one of the secrets to becoming a successful trader.
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brad, carlos, and dora decide to admit faisal as a new partner in eastside physicians. faisal's liability for partnership debts incurred before his admission is
Faisal's liability for partnership debt incurred prior to enrollment is Carlos' liability for unjustified disconnection and damage.
When two or more people run a business for profit, it is known as a partnership. The word "company" is also used when referring to partnerships. This leaflet uses both words.
For partnerships, he needs at least two partners. Partnerships are called 'principles' and partners are called 'agents'. The Partnerships Act 1890 applies in determining whether a partnership exists.
Some partnerships are established under a partnership agreement signed by all partners. A partnership agreement is usually drafted by an attorney and usually contains the following information:
How to distribute profits and losses.
A person who has the authority to enter into contracts on behalf of the company.
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In 2022, Bill purchased an automobile for $65,000 that will be used 80% for business. If Bill did NOT have to consider the limitations for depreciation on automobiles, he would be able to deduct ___________ in regular MACRS depreciation the first year. However, he will only be able to deduct __________ due to the luxury limitations.
Bill spent $65,000 for a car that will be utilised 80% for business. In the first year, he could deduct $52000 in depreciation. Because of the luxury constraints, he will only be able to deduct $14400.
Business is the activity of earning a livelihood or generating money by manufacturing, purchasing, and selling items (such as goods and services). It is also "any activity or enterprise embarked into for profit. Having a business name does not remove the business entity from the owner, which means that the owner is accountable and liable for the firm's debts. If the company incurs debts, creditors may seize the owner's personal belongings. Corporate tax rates are not permitted in a firm structure. The proprietor is directly taxed on all business income. In addition, the phrase is sometimes used informally to refer to a business, such as a corporation or cooperative.
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11-20 monohan machinery specializes in developing weed-harvesting equipment that is used to clear small lakes of weeds. george monohan, president of monohan machinery, is convinced that harvesting weeds is far better than using chemicals to kill weeds. chemicals cause pollution, and the weeds seem to grow faster after chemicals have been used. george is contemplating the construction of a machine that would harvest weeds on narrow rivers and waterways. the activities that are necessary to build one of these experimental weed-harvesting machines are listed in the following table. construct a network for these activities.
CRTICAL PATH: ACTIVITIES HAVING ZERO FLOATS
CRITICAL PATH: A-B-C-E-G
WHAT IS NETWORK CONSTRUCTION?Activity: A project consists of a number of operations, and it is said to be finished when all of these operations have been finished. A task is really performed as part of activity. This uses resources, including time, people, money, space, and other things.
Event: It is when a task begins or ends. In other terms, an event is a moment in time at which an activity or series of events commences or terminates. Neither time nor resources are used in this.
NETWORK:
T ES EF=ES+T LS=LF-T LF F=LS-
ES=LF-EF
Activity Time Earliest Earliest Latest Latest Float
Start Finish Start Finish
A 6 0 6 0 6 0
B 5 0 5 0 5 0
C 3 6 9 6 9 0
D 2 6 8 10 12 4
E 4 5 9 5 9 0
F 6 5 11 6 12 1
G 10 9 19 9 19 0
H 7 11 18 12 19 1
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the original statutes of bretton woods, the imf, world bank (wb), gatt, and oecd do, indeed, claim that global free trade and finance are conducive to maximizing global happiness, creating international harmony, and bringing about perpetual peace and justice.T/F
The original statutes of Bretton woods, the imf, world bank (wb), gatt, and oecd do, indeed, claim that global free trade and finance are conducive to maximizing global happiness, creating international harmony, and bringing about perpetual peace and justice. Given statement are true.
As we know, the IMF med to provide Fund whose Nation which have need to correct Balance of Payments. All institution like IMF, would Bank GATT and OECD is used to develop the Better place by coordinating the Nation in a common place.
All the institution help to promote the social output in me world by transferring the Responder.
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There are incentives for economic growth that will stimulate a manager, which of the following is not one?
Selected Answer:
The business expands into a new market and the manger sees greater opportunities
There are incentives for economic growth that will stimulate a manager, which of the following is not one- The business expands into a new market and the manger sees greater opportunities
What do you mean by economic growth?
Economic growth is the rise or improvement in the market value of the commodities and services generated by an economy within a given fiscal year, adjusted for inflation. Traditionally, statisticians have calculated growth as a percentage rate of real gross domestic product, or real GDP.A country's economy is said to be growing when the value of its goods and services rises, generating more revenue for companies. Consequently, stock prices increase. This provides businesses with money to expand and recruit more workers. Incomes increase as more jobs are created.To know more about economic growth here
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What is the significance of having short-term investments?
A company usually has short-term investments because it can
hts reserved.
Reset
these investments into cash quickly if it faces a cash
Next
Answer: The answer for the first box is Convert and the second is Crunch.
Explanation: I took the test and got it right
A quantitative factor which is useful for measuring output (results) in a sales rep's performance is:A.Direct selling expense.B.Gross margin.C.Days worked.D.Advertising displays set up.E.Meeting held with dealers.
A quantitative factor which is useful for measuring output (results) in a sales rep's performance is: B. Gross margin
Retail purchases are subject to sales tax. It is employed to pay for local, state, and federally funded infrastructure projects including fire departments, roads, and schools. The Exact Response: Sales tax is an intake tax that is typically levied at the point of sale of goods from stores to individual customers. When a tax is applied to both the purchase and sale of goods and services for consumers and businesses, it is said to be an income tax. It's a type of intake tax, which means it levies a fee on people when they spend money.
A quantitative factor which is useful for measuring output (results) in a sales rep's performance is:A.Direct selling expense.B.Gross margin.C.Days worked.D.Advertising displays set up.E.Meeting held with dealers.
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carrie is considering several different universities. she wants a university that has a strong pre-med program because she wants to become a doctor. she also wants a university that is small. furthermore, carries doesn't want to go too far from her home in indiana. a university is an example of a heterogeneous shopping product, and carrie is having difficulty comparing universities because of all of the following except .
Carrie is considering several different universities because university is an example of a heterogeneous shopping product, and Carrie is having difficulty comparing.
Why is heterogeneous a word?Generally speaking, the term "heterogeneous" refers to a mixture of distinct, separate pieces or elements. When referring to a combination of two or more different substances or the same material in several phases of matter, the word is used in a more precise manner in the context of chemistry (such as ice and liquid water).
What does the word "heterogeneous" mean?A structure that appears irregular or variegated and has different parts or elements is said to be heterogeneous. On a CT scan, a dermoid cyst, for instance, exhibits heterogeneous attenuation. It is the opposite of homogenous, which is a structure made up of comparable elements. A structure with an alien origin is referred to as heterogenous.
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according to the code of professional conduct, a distinguishing mark of a profession is which of the following?
A distinguishing mark of a profession is acceptance of its responsibility to the public.
What is a code of professional conduct?A professional code of conduct is a statement that informs staff members of how they should conduct themselves while representing their employer. The company's values, sanctions, and obligations are just a few examples of the components that can be found in a code of conduct.
Consistent honesty, the ability to handle sensitive information, the ability to be trusted with other people's property, and accurate and thorough documentation of patient care and educational activities are just a few examples of professional behavior.
Thus, A distinguishing mark of a profession is acceptance of its responsibility.
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manager must decide which type of machine to buy, a, b, or c. machine costs (per individual machine) are as follows: machinecost a$60,000 b$50,000 c$60,000 product forecasts and processing times on the machines are as follows: proccessing time per unit (minutes) productannual demand abc 18,000 363 211,000 131 319,000 544 422,000 322
Total Processing time in minutes per machine is 248,000 min
Define processing time.Processing time is the period of time between when a customer places an order and when the business actually fulfills that order. The time taken by a process from the time it enters the execution queue until it is finished is referred to as TAT (of its execution). WT is the total amount of time a process waits in a ready queue before receiving the CPU (to complete the I/O).
You can see from our processing times how long it previously took to process the majority of complete applications. "Being processed" indicates that the IRS must process your return before approving your refund. Even though the IRS issues the majority of refunds in within 21 days after receiving
A)
Total Processing time in minutes per machine
For machine A, total time = Total demand of each product*Processing time
= 18000*1 + 25000*5 + 15000*4 + 9000*5
= 248,000 min
Similarly for B & C can be computed
A = 248,000
B = 287,000
C = 145,000
Time available yearly (min) = Number of days*Hours/day*60 = 220*8*60 = 105,600 min.
Thus, Number of machine = Total processing time/Time available (It needs to be rounded Up to nearest whole number)
Eg. Number of machines A = 248000/105600 = 2.35. Thus, 3
A = 3
B = 3
C = 2
Total purchasing cost = Cost/machine*Number of machine
For A, Cost = 50,000*3 = 150,000$
Cost for B = 40,000*3 = 120,000$
Cost for C = 70,000*2 = 140,000$
B = 120,000$
C = 140,000$
B) Operating cost = Total processing time in hr * Cost/hr
Total cost = Total machine cost + Operating cost
So, For A, Machine cost = 150,000
Total processing time (hr) = 248000/60 = 4133.33
Cost/hr = 10
So, Operating cost = 4133.33*10 = 41333.3
Total cost = 150000+41333.3 = 191,333
Total cost for B = 120000 + 287000/60*12 = 177,400
Total cost for C = 140000 + 145000/60*11 = 166,583
A = 191,333
B = 177,400
C = 166,583
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The complete question is:
A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows:
Machine Cost
A $ 50,000
B $ 40,000
C $ 70,000
Product forecasts and processing times on the machines are as follows:
PROCCESSING TIME PER UNIT (minutes)
Product Annual Demand A B C
1 18000 1 6 2
2 25000 5 5 1
3 15000 4 3 2
4 9000 5 1 6
Assume that only purchasing costs are being considered. Compute the total processing time required for each machine type to meet demand, how many of each machine type would be needed, and the resulting total purchasing cost for each machine type. The machines will operate 8 hours a day, 220 days a year. (Enter total processing times as whole numbers. Round up machine quantities to the next higher whole number. Compute total purchasing costs using these rounded machine quantities. Enter the resulting total purchasing cost as a whole number. Omit the "$" sign.)
Total processing time in minutes per machine:
A
B
C
Number of each machine needed and total purchasing cost
A $
B $
C $
b. Consider this additional information: The machines differ in terms of hourly operating costs: The A machines have an hourly operating cost of $10 each, B machines have an hourly operating cost of $12 each, and C machines have an hourly operating cost of $11 each. What would be the total cost associated with each machine option, including both the initial purchasing cost and the annual operating cost incurred to satisfy demand? (Use rounded machine quantities from Part a. Do not round any other intermediate calculations. Round your final answers to the nearest whole number. Omit the "$" sign.)
Total cost for each machine
A
B
C
A firm has two plants(X and Y) producing the same product which sells for $12 each. Fixed costs are $5,000/year at plant X and $7,000/year at plant Y and variable costs are $3.00/unit and $2.00/unit for X and Y, respectively. The total profit at X and Y are equal when the volume of each plant(units) is:
total profit at X and Y are equal when the volume of each plant unit is 2000.
A corporation uses two machines to produce two goods (X and Y) (A and B). The processing times for each unit of X generated are 50 minutes on machine A and 30 minutes on machine B. The processing times for each unit of Y produced are 24 minutes on machine A and 33 minutes on machine B .There are 30 units of X and 90 units of Y in stock at the beginning of the current week. There will be 40 hours of processing time available on machine A, and 35 hours on machine B .It is anticipated that demand for X will be 75 units this week and for Y will be 95 units.
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Vaughn Industries has adopted the following production budget for the first 4 months of 2020 Month Units Month Units January 10,110 March 5,330 February 8,130 April 4,120 Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31, 2019, the ending raw materials inventory was 10,110 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements Prepare a direct materials purchases budget by month for the first quarter.
Total Cost of Direct Material purchases= $145,710 $113,550 $76,320
DIRECT MATERIALS PURCHASE BUDGET
JANUARY FEBRUARY MARCH APRIL
Units to be produced 10110 8130 5330 4120
Direct Material per unit 5 5 5 5
Total pounds need for production 50550 40650 26650 20600
Desired Ending Direct Materials (pounds) 8130 5330 4120
Total Material Required 58680 45980 30770
Less: Beginning Direct Materials (Pounds) 10110 8130 5330
Direct Material Purchases 48570 37850 25440
Cost Per Pound $ 3 $ 3 $ 3
Total Cost of Direct Material purchases $ 145,710 $ 113,550 $ 76,320
A raw cloth, also called a feedstock, unprocessed fabric, or number one commodity, is a simple material this is used to produce items, finished goods, energy, or intermediate materials which can be feedstock for destiny completed products. As feedstock, the time period connotes those materials are bottleneck belongings and are required to produce other products. Iron ore can be determined in a large number of bureaucracy and resources. The primary forms of iron ore today are Hematite and Magnetite.
The term uncooked material denotes substances in unprocessed or minimally processed states; e.g., raw latex, crude oil, cotton, coal, raw biomass, iron ore, air, logs, water, or "any manufactured from agriculture, forestry, fishing or mineral in its herbal form or which has passed through the transformation required to prepare it for global advertising in big volumes". The term secondary raw fabric denotes waste fabric which has been recycled and injected back into use as efficient cloth.
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consider kellogg's production and price choices in the breakfast cereal industry when it is characterized by the price-leadership model.
Under this theory of oligopoly, all firms other than the dominant firm act as sum price takers. Therefore, the horizontal sum of their marginal cost curves is their supply curve.
A market structure known as an oligopoly occurs when a few large sellers or manufacturers control a sizable portion of a market or an entire sector. Oligopolies frequently arise from the goal to maximize profits, which can result in corporate collaboration. As a result, there is less competition, higher consumer prices, and lower employee compensation.
Many industries, including civil aviation, energy providers, the telecommunications industry, rail freight markets, food processing, funeral services, sugar refining, beer production, pulp and paper manufacturing, and auto manufacture, have been identified as being oligopolistic.
The above question is incomplete, the complete question is-
Consider kellogg's production and price choices in the breakfast cereal industry when it is characterized by the price-leadership model. Under this theory of oligopoly, all firms other than the dominant firm act as sum ________. Therefore, the horizontal sum of their marginal cost curves is their __________.
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