Answer:
The expected value is $2,000
Explanation:
The expected value in the following situation is computed as:
Expected value = Probability of bid × (Anticipated Profits - Cost of drawing plans) - (1 - Probability of bid) × Cost of drawing plans
where
Probability of bid is 0.12
Anticipated Profits is $100,000
Cost of drawing plans is $10,000
Putting the values above:
= 0.12 × ($100,000 - $10,000) - (1 - 0.12) × $10,000
= 0.12 × $90,000 - 0.88 × $10,000
= $10,800 - $8,800
= $2,000
The expected value in this situation is $10,800.
Explanation:To calculate the expected value in this situation, we need to multiply the profit by the probability of being awarded the bid. The profit is $100,000 minus the cost of $10,000, which is $90,000. The probability of being awarded the bid is 0.12.
Expected Value = Profit x Probability
Expected Value = $90,000 x 0.12
Expected Value = $10,800
Therefore, the expected value in this situation is $10,800.
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eaver Chocolate Co. expects to earn $3.50 per share during the current year, its expecteddividend payout ratio is 65%, its expected constant dividend growth rate is 6.0%, and its common stock currently sellsfor $32.50 per share. New stock can be sold to the public at the current price, but a flotation cost of 5% would be incurred. What would be the cost of equity from new common stock
Answer:
cost of equity = 13.36 %
Explanation:
given data
earn = $3.50
ratio = 65%
growth rate = 6.0%
common stock currently sells = $32.50
flotation cost = 5%
to find out
cost of equity from new common stock
solution
we get here cost of equity from new common stock that is express as
cost of equity = [tex]\frac{D1}{Po-(1-f)}[/tex] + g ...................1
here D1 is expected dividend and Po is current price and g is growth rate and f is flotation cost and
D1 = 3.50 × 0.65
so from equation 1 we get
cost of equity = [tex]\frac{3.50*0.65}{32.50(1-0.05)}[/tex] + 6%
cost of equity = 0.1336
cost of equity = 13.36 %
The Green Tomato purchased a parcel of land six years ago for $389,900. At that time, the firm invested $128,000 grading the site so that it would be usable. Since the firm wasn't ready to use the site itself at that time, it decided to lease the land for $48,000 a year. The Green Tomato is now considering building a hotel on the site as the rental lease is expiring. The current value of the land is $415,000. The firm has no loans or mortgages secured by the property. What value should be included in the initial cost of the hotel project for the use of this land?
Answer:
$415,000
Explanation:
Since the current value of the land is $415,000 which represents the opportunity cost whereas the purchase of land six years ago represents the sunk cost which is not relevant for the decision making the purpose and the grading cost is also not relevant.
So, in this case, the historical cost is ignored
All other information which is given is not relevant. Hence, ignored it
Using 2010 U.S. dollars, in 2000 annual real per capita gross domestic product (GDP) in the United States was around ________, whereas in China, it was around ________.
Answer:
$44,000; $5,200
Explanation:
Please see attachment.
Which of the following statements is correct?
A. The demand for flat-screen computer monitors is more elastic than the demand for monitors in general.
B. The demand for grandfather clocks is more elastic than the demand for clocks in general.
C. The demand for cardboard is more elastic over a long period of time than over a short period of time.
D. All of the above are correct.
Answer:
D) All of the above are correct
Explanation:
In general terms, luxurious, or non-necessary items that have many substitutes are more elastic than daily necessities such as food or gasoline.
Flat-screen computer monitors are a luxury item, and a regular-screen monitor works just as well, therefore, if the price of them rises a lot, people can always buy regular monitors. The demand for this product is very elastic.
Same is true for grandfather clocks, which not only are expensive, but also niche, in the sense that they likely only appeal to a small segment of people.
As for cardboards, this product also has substitutes, and the demand for it in the long-term is more elastic because people will have more time to look for those substitutes.
U Do It Centers deposited $3,200 in an account two years ago and is depositing another $5,000 today. A final deposit of $3,500 will be made one year from now. What will the account balance be three years from now if the account pays 4.85 percent interest, compounded annually?
Final answer:
The account balance three years from now will be the sum of the future values of three separate deposits, each calculated using the formula for compound interest with an annual rate of 4.85%, and accounting for the different times each deposit will have been compounding.
Explanation:
Calculating Compound Interest for Multiple Deposits
To determine the account balance three years from now with given details on multiple deposits and annual compound interest, we'll treat each deposit separately and sum the future values.
First deposit: $3,200, made two years ago, will have compounded for a total of 3 years at 4.85% interest when we reach the 3-year mark from now. Its future value (FV) is calculated using the formula FV = P(1 + r)^n, where P is the principal amount, r is the annual interest rate, and n is the number of compounding periods.
FV for the first deposit = $3,200 * (1 + 0.0485)^3
Second deposit: $5,000, made today, will have compounded for 3 years at 4.85% interest. Its future value is:
FV for the second deposit = $5,000 * (1 + 0.0485)^3
Third deposit: $3,500, will be made one year from now, and will have compounded for 2 years at 4.85% interest. Its future value is:
FV for the third deposit = $3,500 * (1 + 0.0485)^2
Adding the future values of all three deposits will give us the total account balance three years from now.
A company is planning to spend up to $10,000 on advertising. It costs $3,000 per minute to advertise on television and $1,000 per minute to advertise on radio.
If the company buys x minutes of television advertising and y minutes of radio advertising, its revenue in thousands of dollars is given by:
f(x,y) = -2x^2 - y^2 + xy + 8x + 3y
Find the values of x and y that maximize the firms revenue while staying within its advertising budget.
Answer:
The company should hire 2 min in television and 3 min in radio.
Explanation:
This is a maximization problem. The first thing to do is to set the main equation given and to define the constrainsts. In this case the constraints are: 3x+1y ≤ 10, x ≥ 0, y ≥ 0 x and y are integers (since you only can hired entire minutes). An interation process with possible x,y combinations is the proper approach. If you do not use solver (Excel microsoft), you have to prove every x,y possible combination and visually identify the max outcome for revenues
To find the values of x and y that maximize the firm's revenue while staying within the advertising budget, we can solve the quadratic revenue function subject to the advertising budget constraint. The constraint can be rewritten as an equation and expressed in terms of y. The derivative of the revenue function can be set to zero to find the optimal values of x and y.
Explanation:To maximize the firm's revenue while staying within its advertising budget, we need to find the values of x and y that maximize the revenue function f(x, y) = -2x^2 - y^2 + xy + 8x + 3y subject to the constraint 3000x + 1000y ≤ 10000. This is an optimization problem that can be solved using calculus and the method of Lagrange multipliers.
First, let's write the constraint as an equation: 3000x + 1000y = 10000. We can rearrange this to simplify: 3x + y = 10. We can then solve this equation for y: y = 10 - 3x.
Next, we substitute this expression for y into the revenue function. We get a quadratic function in terms of x: f(x) = -2x^2 - (10 - 3x)^2 + x(10 - 3x) + 8x + 3(10 - 3x).
Now, we can take the derivative of f(x) with respect to x, set it equal to zero, and solve for x. By substituting this value of x back into the equation y = 10 - 3x, we can find the corresponding value of y. These values of x and y will represent the maximum revenue while staying within the advertising budget.
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At the beginning of the year, you invest $10,000 in an S&P 500 index fund. This fund charges an annual fee of 0.1% of your end-of-year assets at the end of the year. Your friend invests $10,000 in an actively managed fund that charges 1.4% of end-of-year assets at the end of the year. Before fees are taken into account, the index fund is up 9.0% at the end of the year while the actively managed fund is up 9.5%. After fees, how does your performance compare to your friend’s?
Answer:
we can say that we are are $92.40 richer
Explanation:
given data
invest = $10,000
annual fee = 0.1%
index fund = 9.0%
friend invests = $10,000
charges = 1.4%
actively managed fund = 9.5%
to find out
how does your performance compare to your friend’s
solution
we get here both performance and than compare by subtract them by each other
first we get here our performance that is = $10,000 × (1 + 9%) × (1-0.1%) .....1
and friend performance that is $10,000 × (1 + 9.5%) × (1 - 1.4%) ..............2
now subtract equation 1 by 2
= $10,000 × (1 + 9%) × (1-0.1%) - $10,000 × (1 + 9.5%) × (1 - 1.4%)
= $92.40
so we can say that we are are $92.40 richer
Rajan Company's most recent balance sheet reported total assets of $1.76 million, total liabilities of $0.87 million, and total equity of $0.89 million. Its Debt to equity ratio is:
a) 0.494
b) 0.506
c) 1.02
d) 1.00
e) 0.978
Answer:
Debt to equity = 0.978
so correct option is e) 0.978
Explanation:
given data
total assets = $1.76 million
total liabilities = $0.87 million
total equity = $0.89 million
solution
we get here Debt to equity that is express here as
Debt to equity = Total liabilities ÷ Total equity ......................1
put here value we get debt to equity that is
Debt to equity = [tex]\frac{0.87million}{0.89million}[/tex]
Debt to equity = 0.978
so correct option is e) 0.978
Alternative explanations of wage disparities
Suppose that a labor economist claims that recipients of economics PhDs gain little in terms of acquired productive skills from their graduate studies but that, instead, the degree simply reflects a high level of inherent mathematical ability.
Which one of the following characterizes the labor economist's perspective on the link between education and wages?
A. Human capital
B. The superstar phenomenon
C. Compensating differentials
D. Signaling
Answer:
D. Signaling
Explanation:
According to the signaling theory in education, productivity does not dependent on education, but higher education acts as a "signal" for an individual's greater ability. The labor economist believes that having a PhD in economics reflects a high level of inherent mathematical ability, although it does not change much in acquired productive skills. This view is clearly characterized by signaling.
After conducting a market research study, Magnificent Manufacturing decided to produce a new interior door to complement its exterior door line. It is estimated that the new interior door can be sold at a target price of $270. The annual target sales volume for interior doors is 29,000. Magnificent has target operating income of 40% of sales
Answer:
Target sales revenue = $7,830,000
Explanation:
given data
target price = $270
annual target sales volume = 29,000
target operating income = 40%
to find out
Target sales revenue
solution
we will get here Target sales revenue that is express as
Target sales revenue = target price × annual target sales volume .................1
put here value we get
Target sales revenue = $270 × 29000
Target sales revenue = $7,830,000
___ integrity tests indirectly estimate employee honesty by measuring psychological traits.
Answer:
Personal Based
Explanation:
The integrity of individuals can be tested by employers' pre-employment inspection. Integrity tests are used to assess whether a potential candidate's integrity is acceptable in terms of theft and ineffective business behavior. These tests can focus on recent staff decisions.
Personality based integrity tests include items that assess personality traits that are associated with ineffective business behavior. The test items are looking for reliability, social consistency, excitement and conscience. Honesty, the largest identifier of personality traits, seems to be helping to predict identity in employment.
The Prime Minister of Richlandia hires you as an economic consultant. He is concerned that the output level in Richlandia is too low and that this will cause unemployment to rise. He feels that it is necessary to increase output by $20 billion. He tells you that the MPC in Richlandia is 0.75. Which of the following would be the best advice to give to the Richlandian Prime Minister?
A) increase government purchases in Richlandia by $15 billion
B) reduce taxes in Richlandia by $10 billion
C) increase government purchases in Richlandia by $5 billion
D) reduce taxes in Richlandia by $4 billion
Answer:
A
Explanation:
The best advice given to the Richlandian Prime Minister is to increase government purchases in Richlandia by $5 billion. Option (c) is correct.
What do you mean by Output?
Any data that a computer or other electronic device processes and sends out is referred to as output.
Richlandia needs to pursue an expansionary fiscal strategy because it is struggling with unemployment and wants to boost its output by $20 billion. This can be done, for example, by increasing government purchases. Government spending boosts the economy's ability to produce goods and services, which facilitates the creation of jobs. This results in a multiplier effect, which causes the economy's income level to increase several times over. This can be represented mathematically as follows:
Given:
MPC = 0.75
Targeted change in income = $20 billion.
Government expenditure multiplier = Change in Income/ Change in government expenditure = 1/(1-MPC)
Change in Income = Change in Government Expenditure × 1/ (1-0.75)
$20 = Change in Government Expenditure × 1/0.25 $20 = Change in Government Expenditure × 4
Change in Government Expenditure = $20/ 4 = $5 billion.
Therefore, Option (c) is correct. The government expenditure must increase by $5billion in order to increase the income/ output in the economy by $20 billion.
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Suppose that you enter into a short futures contract to sell July silver for $17.20 per ounce. The size of the contract is 5,000 ounces. The initial margin is $4,000, and the maintenance margin is $3,000. What change in the futures price will lead to a margin call? What happens if you do not meet the margin call?
Answer:
$0.20
Explanation:
For computing the change in future price, first we have to determine the loss which is shown below:
Loss = Initial Margin - Maintenance Margin
= $4,000 - $3,000
= $1,000
Now the change in future price would be
= Loss ÷ size of the contract
= $1,000 ÷ 5,000 ounces
= $0.20
The future price is increased by $0.20
And, if the margin call is not meet than the broker will stop at best price so that he cannot suffer more loss
Kevin is the CEO of MegaVision Inc. He has a vision for the company's future. To start, he has to admit that keeping a product with few options while charging prices higher than the competition was a mistake. Instead, he needs to convince employees that they need to adapt to the current market by increasing product options while offering more price tiers. Kevin plans to give a group of employees the responsibility of redesigning the product. Kevin is a leader who is acting as a:
a. personal compact.
b. change agent. c. spiritual guru.
d. negotiator.
Answer: B - Change Agent
Explanation:
A change agent any person or group of persons within or outside an organisation that facilitates a change in the way things are done to effect a positive impact on that organization.
A change agent motivates, coordinate and acts as a catalyst for change in an organization.
A change agent must be patient, a leader, be knowledgeable and must have a clear vision of the kind of change to be effected.
Currie Company borrowed $13,000 from Sierra Bank by issuing a 10% three-year note. Currie agreed to repay the principal and interest by making annual payments in the amount of $4,321. Based on this information, what is the amount of the interest expense associated with the second payment? (Round your answer to the nearest dollar.)
To find the interest expense of the second payment, calculate the remaining balance after the first payment, then apply the 10% interest rate. Approximately $998 of the second payment is interest expense.
To calculate the interest expense associated with the second payment, we need to establish the balance of the loan after the first payment. Currie Company borrowed $13,000 at a 10% annual interest rate, and agreed to make annual payments of $4,321.
Here's a step-by-step breakdown of how we calculate the interest expense for the second payment:
First, calculate the interest for the first year by multiplying the principal by the interest rate: $13,000 times 10% = $1,300.
Subtract the first year's interest from the first annual payment to find out how much of the payment is applied to the principal: $4,321 - $1,300 = $3,021.
Subtract the principal repayment from the original loan amount to get the remaining balance: $13,000 - $3,021 = $9,979.
Calculate the second year's interest by multiplying the remaining balance by the interest rate: $9,979 times 10%
(approximately $998, but this amount will vary slightly depending on how exactly the bank rounds the cents in their calculation).
The second payment will again include this interest expense, so approximately $998 of the second annual payment of $4,321 will be interest expense.
Therefore, the interest expense for the second payment is approximately $998, rounded to the nearest dollar.
Sophie made pies and sold them from her food trailer at businesses. This is an example of a(n)A. direct marketing channel.B. distribution center.C. simplified transaction.D. wholesale operation.E. indirect marketing channel.
Answer:
Letter A is correct. Direct marketing channel.
Explanation:
A distribution channel is the most effective way a company decides to get its products to the end consumer at the right place at the right time. Intermediaries or business chains can be used to get the good to the customer. Some examples of distribution channels are: manufacturer, internet, retailers and shipping centers. Distribution channels can be direct or indirect.
In the case of the above question, Sophie's sales occurred through a direct distribution marketing channel, because this is configured as the one where the consumer can purchase the product or service direct from the manufacturer, there are no intermediaries for the product to reach the final customer. And proper transportation or logistics teams are also used to effectively deliver directly.
(a) If the demand equation is pq=k for a positive constant k, compute the elasticity of demand.
(b) What does your answer to part (a) mean in terms of the revenue function?
Choose all that apply.
1. All prices are critical points of the revenue function.
2. Revenue is increased by lowering the price.
3. Revenue is increased by raising the price.
4. Revenue does not change with changes in the price.
Answer:
a.Elasticity of demand is p = k/q (an inverse relationship between the price and quantity)
b.My answer in part (a) means that an increase in the price of the item will lead to a decrease in its demand, hence the following applies
1.All prices are critical points of the revenue function.
2.Revenue is increased by lowering the price
Gabriella Sax believes that customers in her dress shop find certain prices very appealing.
Between these price levels, all prices are seen as roughly the same—and price cuts in these ranges generally do not increase the quantity sold (i.e., the demand curve tends to drop vertically within these price ranges).
Therefore, Sax prices her items as close as possible to the top of each such price range.
This is:
A. bait pricing.
B. prestige pricing.
C. leader pricing.
D. psychological pricing.
E. odd-even pricing.
Answer:
Letter D is correct. Psychological pricing.
Explanation:
Psychological pricing is a marketing and pricing strategy whose fundamental principle is to have a favorable psychological impact on the consumer.
A consumer buying decision process takes into account the characteristics of the product in association with price, so that there is a favorable balance between a product that meets its needs and the price determined for it.
Because of this psychological pricing emerges as a strategy to impact the consumer and influence the purchase, an example of this strategy is the use of broken and non-round values, for example a product that costs $ 99.99 has a greater impact on consumer perception than a product. product costing $ 100.00.
Although it is an inviting strategy for influencing the purchasing decision process, a company should combine this strategy with others that emphasize the characteristics and value of the product or service so that the essentials that determine the purchase are balanced, and thus there is balance and positive results.
The newspaper reported last week that Bennington Enterprises earned $34.08 million this year. The report also stated that the firm’s return on equity is 17 percent. The firm retains 75 percent of its earnings.
What is the firm's earnings growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
What will next year's earnings be? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.)
Answer:
Growth rate = 12.75%
Next year earnings = $38,425,200
Explanation:
Data provided in the question:
Earnings = $34.08
Firm’s return on equity = 17%
Retention rate = 75%
Now,
Growth rate = [ Retention rate ] × [ Return on equity ]
= 0.75 × 0.17
= 0.1275
or
= 0.1275 × 100%
= 12.75%
Next year earnings = Earnings × ( 1 + Growth rate )
= $34.08 million × ( 1 + 0.1275 )
= $38.4252 million
= $38,425,200
In A Knight's Tale, three friends are deciding what to do with 15 silver coins they won in a jousting tournament. They can spend their winnings immediately and live the good life for a while, or they can spend the money on training for the next tournament. They ultimately decide to spend most of the winnings on training for the next tournament. What does their decision represent? More than one choice may be correct. Correct Answer(s) Drag appropriate answerfs) here the only possible decision investment trade-off of present for future benefits consumption of consumer goods Incorrect Answer(s)
Answers:
Correct answer:
1. Investment
2. Trade-off of present for future benefit
Incorrect answers:
1. The only possible decision
2. The consumption of consumer goods.
A quota-bonus plan is applicable when __________-.
A. employee performance exceeds the quota.
B. performance management is outsourced.
C.an employee has a salary plan based solely upon performance.
D. there are no other incentives.
Answer:A. Employee performance exceeds the qouta
Explanation:
A quota bonus plan is an incentive method where the employees are promised bonus payments on the agreement that certain conditions are surpassed.
Outsourcing is when a firm transferred some of it's functions to another firm e.g human resources functions.
Salary is incentive to be paid to an employee in the ordinary course of the performance of his assigned duties.
There various incentives that are available to an employee such overtime performance, outstation bonus etc.
Northwest Paperboard Company, a paper and allied products manufacturer, was seeking to gain a foothold in Canada. Toward that end, the company bought 40% of the outstanding common shares of Vancouver Timber and Milling, Inc., on January 2, 2021, for $410 million. At the date of purchase, the book value of Vancouver's net assets was $780 million. The book values and fair values for all balance sheet items were the same except for inventory and plant facilities. The fair value exceeded book value by $10 million for the inventory and by $15 million for the plant facilities. The estimated useful life of the plant facilities is 15 years. All inventory acquired was sold during 2021. Vancouver reported net income of $150 million for the year ended December 31, 2021. Vancouver paid a cash dividend of $20 million.Required: 1. Prepare all appropriate journal entries related to the investment during 2021. 2. What amount should Northwest report as its income from its investment in Vancouver for the year ended December 31, 2021? 3. What amount should Northwest report in its balance sheet as its investment in Vancouver? 4. What should Northwest report in its statement of cash flows regarding its investment in Vancouver?
Northwest should record journal entries for the purchase, adjustment for fair values, share of net income, and dividends received. It should report $60 million as its income from the investment, $377 million on the balance sheet as its investment in Vancouver, and detail cash flows for the purchase and dividend received.
Explanation:Journal Entries for 2021To record the purchase of Vancouver Timber and Milling, Inc. shares:
To adjust the purchase price allocation for excess of fair value over book value:
For the excess amount in inventory sold during the year:
To recognize the share of net income from Vancouver:
To record the dividend received:
Northwest should report $60 million as income from its investment in Vancouver for the year, which represents 40% of Vancouver's net income.
Investment in Balance SheetOn the balance sheet at year-end, Northwest should report an investment amount of $377 million. This is calculated as the initial investment amount ($410 million) plus the share of net income ($60 million), less the dividend received ($8 million), and less the excess fair value over book value charged to expense ($10 million) for inventory that was sold.
Statement of Cash FlowsIn the statement of cash flows, Northwest should report the outflow of $410 million for the purchase of shares and inflow of $8 million for the dividend received.
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Aaron is being introduced to his new workplace and coworkers. His boss tells him the names of people and departments, but she says very little about each person's rank or the relationship between departments. She also does not speak much about the culture of the workplace. However, at the end of the introduction she says, "Hopefully now you have a better understanding of who we are, what we stand for, and how things work here." Aaron's boss's communication style seems to be best described as what?
Answer: An Intuitive communication style
Explanation: Those that use the intuitive communication style prefer a more casual, common-sense based approach to communicating ideas. They want to understand the big-picture concepts and aren’t interested in getting too bogged down in the details of the idea. In many ways, intuitive communicators are the opposite of analytical communicators, who prefer to have all of the relevant details on hand when making a decision.
A good with a supply generates no deadweight loss when taxed. D a. somewhat inelastc O b. somewhat elastic O c. slowly increasing O d. perfectly elastic e perfecty inelastic QUESTION 11 A local merchant raises the price of his good and finds that his total revenues increase. The demand for this good is D a. unitary elastic O b. inelastic. O c. relatively price sensitive. O d. elastic O e. perfectly elastic. QUESTION 12 Because a product's demand for an input to its production depends on the decision to produce this product, i is called demand. O b. input O c. dependent o d. production O e. derived
Answer:
e perfecty inelastic
b. inelastic
e. derived
Explanation:
Deadweight loss is inefficiency that occurs as a result of taxation.
Deadweight loss is the difference between the quantity demanded/ supplied when there's no tax and the quantity demanded / supplied as a result of tax.
When a good has a perfectly inelastic supply, the quantity supplied doesn't change when there's a change in price.
A good with perfectly inelastic supply has zero deadweight loss.
A good has an inelastic demand when a change in price has a little effect on the quantity demanded. If a good has an inelastic demand, if price is increased, there's little or no change in quantity demanded and therefore total revenue increases.
Derived demand is when the demand for a good or a factor of production is as a result of the demand for another good. For example, if there's no demand for bread, there would be no demand for bakers.
I hope my answer helps you.
Tax imposition on goods with perfectly inelastic supply does not change the quantity produced, and the burden falls on the producer, while perfectly elastic supply places the burden on consumers. Price increases in inelastic demand do not greatly reduce quantity demanded, leading to higher revenue. Derived demand is when the input demand depends on the output's production level.
Explanation:The elasticity of supply and demand affects how a tax on a good impacts the market price and quantity, as well as who bears the burden of the tax. When a tax is imposed on a good with perfectly inelastic supply, the quantity produced remains unchanged because the supplier is unable to adjust the quantity in response to price changes. As a result, the producer bears the burden of the tax. In contrast, with a perfectly elastic supply, any tax imposed would result in an increase in market price, but the quantity supplied would not change; the burden falls on consumers. If the demand is inelastic, an increase in price due to the tax does not significantly reduce the quantity demanded, leading to a higher tax revenue.
For example, if a local merchant raises the price of his good and total revenues increase, it indicates that the demand for the good is inelastic. Consumers continue buying nearly the same quantity despite the price hike. Conversely, with elastic demand, an increase in price would lead to a large decrease in quantity demanded, thus decreasing total revenue. Similarly, the concept of derived demand denotes that the demand for an input is dependent on the production level of the final good; the input's demand is not based on the input's own price or features but on the demand for the product it helps to produce.
As the chief marketing officer at Chevrolet, you'd like to determine how much the engineering team's redesigned dashboards are going to influence your sales forecasts. You've decided to use the Delphi technique, but you're not sure who to include in your research. Of the following groups who might provide useful insights, which group are you least likely to turn to for feedback?Academic researchers in automotive engineeringAudio/hearing specialistsExperts in efficient environmental designVision and visual processing scientists
Answer:
Vision and visual processing scientists
Explanation:
The vision and visual processing scientists can give a better feedback on how the new dashboards will be received by the customer. This is a user experience approach which supports their study in techniques like Delphi.
A company is considering two projects.
Project I Project II
Initial investment $120,000 $120,000
Cash inflow Year 1 $40,000 $20,000
Cash inflow Year 2 $40,000 $20,000
Cash inflow Year 3 $40,000 $32,000
Cash inflow Year 4 $40,000 $48,000
Cash inflow Year 5 $40,000 $50,000
What is the payback period for Project I?
(A) 2.5 years
(B) 3 years
(C) 3.5 years
(D)1 year
(E) 5 years
Answer:
Option (B) is correct.
Explanation:
Given that,
Project 1:
Initial investment = $120,000
Cash inflow Year 1, Year 2, Year 3, Year 4, Year 5 = $40,000
Hence,
Annual cash flow = $40,000
Payback period:
= Initial investment ÷ annual cash inflow
= $120,000 ÷ $40,000
= 3 years
Therefore, the payback period for Project I is 3 years.
Rework problem 27 in section 1 of Chapter 7 of your textbook, about the greenhouse operator, using the following data. Assume that each Type 1 layout uses 36 tulips, 24 daffodils, and 8 flowering shrubs; that each Type 2 layout uses 12 tulips, 42 daffodils, and 7 flowering shrubs; and that each Type 3 layout uses 22 tulips, 52 daffodils, and 5 flowering shrubs. Assume also that the greenhouse operator has on hand 1110 tulips, 890 daffodils, and 94 flowering shrubs. Assume also that the profit on each Type 1 layout is $85.00, the profit on each Type 2 layout is $40.00, and the profit on each Type 3 layout is $90.00.
How many layouts of each type of should the greenhouse operator plant in order maximize its profit?
Answer:
one of the first
then sixteen of the third.
none of the second
Explanation:
We can solve by hand using legrande multiplier
and derivate or we can use the solver tool of excel:
1) we build up a table on excel with the data for each layout
Then, we use solver.
We declare the quantity of each unit as out variable
the total profit as our goal to maximize
we stablish the restrictions based on our inventory at hand
And excel determinates that 16 of the third layout and one of the first layout will yield the greater profit
SOLVER
Q tulips daffodils flowerings PROFIT per layout
1 36 24 8 84
0 12 42 7 40
16 22 52 5 90
Totals 388 856 88
used (16 x 22 + 36) (16 x 52 + 24) ( 16 x 5 + 8)
Total profit: 1524
(16 x 90 + 84)
Based upon acquiring equity or wealth, purchasing a car is to purchasing a home as leasing a car is to a. improving a house. b. repairing a house. c. buying a condominium. d. joining a cooperative. e. renting an apartment.
Answer:
Option ( E ) is the right answer.
Explanation:
According to the scenario, the most appropriate answer is option (E) because of the following reasons :
Purchasing a car means to buy a car so that the owner of the car is the purchaser. Leasing a car means to give a car to another person on lease for a fixed time duration in return of which he will pay you but the owner of the car is still purchaser.
Similarly purchasing a house is to own the house by making full payment of it but renting an apartment means to take home on rent by giving rent every month or at a fixed period but the owner of the house still remains the purchaser.
While the options are wrong because of the following reasons:
Improving a house can be defined as to make a home more luxurious. Repairing a house can be defined as renovation work in the house. Buying of condominium tells the concept to buy another property. Joining a cooperative has no connection with buying a house.Qualcomm, a high-tech company headquartered in San Diego, owns the rights to several of the key components that permit cell phones to work. Instead of selling cell phones itself, Qualcomm grants permission to many companies to use specific forms of its intellectual property in exchange for monetary compensation. Qualcomm in engaging in an external growth strategy referred to as_______________.
Qualcomm in engaging in an external growth strategy referred to as licensing.
Explanation:
External development (or inorganic growth) approaches include growing the output or scope of companies through capital and capabilities that the organisation itself does not build internally. Instead, the merger with / acquiring or partnership with other companies generates these resources.
These assets are then purchased by merging/acquiring or partnering with other businesses. Therefore, external expansion approaches can be divided up between the M&A (M&A) and Strategic Alliance (e.g. partnerships) strategies.
Qualcomm is engaging in an external growth strategy referred to Licensing. Qualcomm uses a strategy called licensing by allowing other companies to use its intellectual property for monetary compensation. This approach helps Qualcomm expand its reach without directly selling products.
Qualcomm, a high-tech company headquartered in San Diego, engages in an external growth strategy referred to as licensing. By granting permission to other companies to use specific forms of its intellectual property in exchange for monetary compensation, Qualcomm utilizes this strategy to expand its influence and revenue without directly selling cell phones.Licensing allows Qualcomm to capitalize on its technological advancements and patents while leveraging other companies' manufacturing and distribution capabilities. This strategic move not only provides a steady income stream from royalties but also maintains Qualcomm's presence and importance in the cell phone industry.Each of the following should trigger a review of the emergency plan, EXCEPT FOR:
A. Changes in operational resources or jurisdiction demographics.
B. Plan activation during an incident or exercise.
C. Hiring of new emergency management agency support staff.
D. Changes in laws, ordinances, or elected or appointed officials
Answer:
The correct answer is letter "C": Hiring of new emergency management agency support staff.
Explanation:
The hiring of new emergency management support staff is not an action that implies the review of the emergency plan since that can take place when there is no major activity in the nation that requires the stand of the authorities to face the problem. It could be done at any time with no hurry.