To maximize its total contribution, the company should sell the product at $50. At this price, the company can sell to two clients, and their total contribution is $80.
Explanation:To maximize its total contribution, the company must sell the product at the price where cost is lowest and the most clients are willing to pay. Given the maximum prices each client is willing to pay (Jane $20, Paul $30, Dave $40, Bill $50, Amy $60), the best price point would be $50. At $50, the company can sell to Bill and Amy. The total contribution would then be calculated by taking the total revenue (number of units sold x price per unit) and subtracting the total variable costs (number of units sold x cost per unit). This translates to (2x$50) - (2x$10) = $80.
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On may 1, the cash account balance was $72,600. during may, cash receipts totaled $345,600 and the may 31 balance was $95,230. determine the cash payments made during may.
Final answer:
To calculate the cash payments made during May, subtract the ending balance from the sum of the starting balance and total receipts. The calculation reveals that the total cash payments made during May were $323,970.
Explanation:
To calculate the cash payments made during the month of May, we'll need to start with the initial cash balance, add the total cash receipts, and then subtract the cash balance at the end of May. This will give us the total cash outflows or payments made during May.
Step-by-Step Calculation:
Start with the initial cash balance on May 1st, which is $72,600.Add the total cash receipts during May, which amount to $345,600.Subtract the cash balance on May 31st, which is $95,230.The difference represents the total cash payments made during May.Starting Balance + Cash Receipts - Ending Balance = Cash Payments
$72,600 + $345,600 - $95,230 = $323,970
Therefore, the total cash payments made during May were $323,970.
Is the free-market quantity of public goods generally greater or less than the efficient quantity?
With ______, books don't have to be printed on paper to be distributed.
Apple inc's ipod is the dominant product in the market for mp3 players. suppose that a technology company orange recently introduced an innovative mp3 player, which many consumers feel is a good substitute of the ipod. you would expect
Base on the given scenario of which the orange company introduced an innovative mp3 player, the apple inc’s ipod will likely tend to decrease its mark up as a new rival has been introduced which is having a head on with the apple’s mp3 product.
Which ethical norm is consistent with a person who chooses a LLC over a sole proprietorship?
The limited liability, a person’s financial liability is limited to a fixed sum. Mostly, the liability will be the value of a person’s investment in a company.
IF a company with limited liability is sued, then the claimants can only sue the company. The claimants cannot sue its owner or investor.
The ethical norm that is consistent with a person who chooses a limited liability such as sole proprietorship.
It is like a shareholder in a limited company. The shareholder is not personally liable for any of the debts of the company. The same is applicable for the partners or investors of a limited liability company or partnership company.
But, the sole proprietors and partners in general partnerships are surely liable for all the debts of the business. It means that they have limited liability.
Variable costing is more appropriate than absorption costing when the decision ________.
Lisa and mandy have a contract. mandy wants out of the contract; carla sue is willing to take mandyís place, which is satisfactory with lisa. when the carla sue for mandy exchange is made, this is known as:
Which of these is not an advantage of television as an advertising medium?
Television advertising has high costs and low audience attention due to ad-skipping technologies. It does not suffer from a lack of reach or clutter absence, but it is not highly selective in targeting specific audiences. Therefore, the disadvantage is 'high audience selectivity.'
Television is a popular medium for advertising, with nearly every U.S. household possessing a television and viewers watching over 250 billion hours of television annually. Advertisers use TV to reach specific demographics based on data from network and cable companies. However, there are disadvantages of using television as an advertising medium.
Therefore, high audience selectivity is a disadvantage, as television advertising broadly targets mass audiences rather than specific, selective groups.
The complete question is:
Which of the following is a disadvantage of using television as an advertising medium?
A) high absolute cost
B) low audience attention
C) lack of reach among audience
D) high audience selectivity
E) absence of clutter
Aaron, korben and zane are preparing to work on a big project for the firm. they meet to decide who is going to complete which tasks of the project. this activity is called
The activity that Aaron, Korben and Zane is involved in is the division of labor. This is a process or a step where a group or in an organizations provides and assigns specific tasks or divides task among the members or employees in a group or organization.
If the market price of each camera case is $8 what is the profit-maximizing quantity? 300 units 400 units 500 units 600 units
Profit will be maximum for the firm where marginal revenue = marginal cost.
Since, the market price is fixed at $8 and therefore each additional unit of camera will be sold at $8.
Hence, marginal revenue = $8.
From the table, it is clear that cameras are manufactured in batches of 100.
Marginal cost is the cost incurred to produce one additional unit of camera. It will be calculated by taking the difference of successive variable costs (or total costs) divided by 100.
To produce 400th unit, marginal cost = (2760 - 1960)/100 = $8
Hence, profit maximising quantity isB. 400 (MR = MC)
The profit-maximizing quantity cannot be determined from the given information.
Explanation:The profit-maximizing quantity is determined by finding the quantity where marginal revenue (MR) equals marginal cost (MC).
In the given information, there is no specific mention of marginal revenue or marginal cost. Without this information, it is not possible to accurately calculate the profit-maximizing quantity.
Therefore, it is not possible to determine the profit-maximizing quantity from the given information.
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In 1985, you received a
b.s. in computer programming. although you have had several jobs over the past years, including positions at two major companies, your work history is irregular because you opted to stay at home with your two young children until they began elementary school. you now wish to return to the workforce but realize that the rapid changes in computer technology and your irregular work history may be a disadvantage. which is the most appropriate strategy for dealing with your employment history in your résumé?
Why are prestige products often an exception to the law of demand?
"alice purchased a new computer from compu-best, a local computer store. she used the computer for a week when the computer began to malfunction. she returned it to the store, where the store manager assured her that he could repair what he called a "minor problem" in the computer. two months had passed and alice had already returned the computer five times for repair. alice finally gave up and demanded her money back. under these circumstances: "
Becky fenton has 65/130/75 automobile insurance coverage. if two other people are awarded $110,000 each for injuries in an auto accident in which becky was judged at fault, how much of this judgment would the insurance cover?
Amalia really wanted that new position at work and knew that in order to get it she would have to increase her skill set and shadow a fellow worker, stan, to learn some new processes. however, every time amalia decided that she had a few minutes to shadow stan she would get caught up in something else and the opportunity would pass. amalia's failure to shadow stan so far speaks to her _______________.
Amalia’s failure to shadow stan so far speaks to her direction. Amalia speak to her direction for wanting to promote to a better position at work and knew that in order to reach it she would have extra work and increase her skill set and ask for stan, her fellow worker, to learn some new process.
Darden restaurants received a prestigious award for its commitment to quality. which one did it receive?\
If jj camera does not accommodate meg's needs, and she is otherwise qualified for the job, jj camera must demonstrate that the accommodations would create what for the company?
a. undue hardship.
b. unreasonable hardship.
c. undue burden.
d. unreasonable burden.
JJ Camera must demonstrate that accommodating Meg's needs would create an 'undue hardship' for the company, as per the requirements of reasonable accommodation under Federal policy.
If JJ Camera does not accommodate Meg's needs, and she is otherwise qualified for the job, the company must demonstrate that the accommodations would create an undue hardship for the company.
This concept stems from the requirement for reasonable accommodation under Federal policy, which mandates employers and schools to make it possible for people with disabilities to have equal access to employment and education. If making such accommodations would be unduly costly, extensive, substantial, or disruptive, or if it would fundamentally alter the nature of the business operation, then the employer may claim undue hardship as a defense against making the accommodations.
Care 1 hospital is renowned for its impeccable reputation and strong employee morale. these types of qualities can best be described as _____ standards.
Care 1 Hospital's qualities exemplify high standards for performance and a people-oriented culture rooted in ethical leadership and respect.
The qualities of Care 1 Hospital, such as impeccable reputation and strong employee morale, can be best described as high standards for performance. These standards reflect ethical and accountable leadership and contribute to a people-oriented culture where respect and dignity are paramount.
Should the retail price of a proposed garment be one of the factors considered by the npd committee at the screening stage?
How might a marketing manager for a manufacturer of turboprop engines, used in private jet planes, use the naics to help her with marketing planning?
A marketing manager can use NAICS to understand the turboprop engine industry, analyze market trends, identify competitors' market shares and unique selling propositions, and tailor marketing communication to engage with the target audience on platforms such as social media.
A marketing manager for a manufacturer of turboprop engines used in private jet planes can use the North American Industry Classification System (NAICS) to enhance marketing planning in several ways. Firstly, by identifying where the manufacturing of such engines falls within the NAICS, the manager can understand the industry better, including market trends, size, and competitive environment. Subsequently, the marketing manager can access industry reports and analysis which offer insights into the economic health, growth prospects, advancements, and regulatory landscape of the aerospace sector. This knowledge is crucial for developing effective marketing strategies that are aligned with industry standards.
Secondly, understanding the marketplace and competitive positioning is essential in marketing planning. By analyzing the NAICS codes of competitors, the marketing manager can identify their market shares, financial stability, and their unique selling propositions. This will allow for identifying gaps in the market, potential partnership opportunities or niches that the company can exploit.
Lastly, the marketing manager can use NAICS data to tailor communication channels, such as social media pages, where people discuss the industry and its products/services. Engaging with the target audience on these platforms can be beneficial for brand building and direct marketing efforts. Considering the global implications of the aerospace industry, understanding the nuances of international markets, like the BRIC nations, is also pivotal for crafting region-specific strategies that recognize local regulations, market conditions, and consumer preferences.
Which economic system emphasizes the private ownership of most factors of production
Stein co. issued 14-year bonds two years ago at a coupon rate of 9.2 percent. the bonds make semiannual payments. if these bonds currently sell for 107 percent of par value, what is the ytm?
Which of these actions can businesses take to reduce income inequality?
what types of money are included in the M2 catgergory? check all that Apply.
currency
savings accounts
checking accounts
commodity money
money market accounts
Option d) Commodity money is not included in M2. M2 is a broader measure of money than M1.
The M2 money supply includes a broader range of financial assets than the M1 category. M2 consists of:
All of the M1 money supply (currency and checking accounts)Savings accountsMoney market accountsSmall time deposits (certificates of deposit under $100,000)Retail money market mutual fundsCommodity money, such as gold or silver, is not included in the M2 category because it's not typically used as a medium of exchange in modern economies.
The _____ is a legal document that lists and explains the terms of the partnership
Reference - masked bandit. barry, who owned a small convenience store, was robbed when a masked bandit entered his store and demanded his cash while pointing a gun at him. as the bandit ran out of the store, barry grabbed his own gun and shot the bandit in the leg
Answer: B.
Explanation: Yo boy got your back
The ability of rfid to make shopping easy for a store's customers by automating the check-out process creates value for the store by:
Facts about the chip category obtained from acnielsen are _______.
ACNielsen provides four types of data: Experimental, Syndicated, Primary, and Questionnaire/Survey data. Their research focuses on studying consumer viewing and purchasing behaviors, analyzing the content and quantity of what consumers watch and buy.
Syndicated data refers to market research data collected by a research firm and made available for purchase or access by multiple clients or subscribers. ACNielsen, now known as Nielsen, is a renowned provider of syndicated data, offering insights into consumer behaviors, preferences, and purchasing patterns.
Syndicated data allows businesses to access comprehensive and reliable information about the market landscape without the need for conducting their own research.
It provides valuable insights into consumer trends, competitor analysis, and market opportunities, enabling companies to make informed decisions and develop effective strategies to meet consumer demands.
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Carrie bought a house 5 years ago for $200,000. at that time, she borrowed $195,000 from her bank. the house is now worth $225,000. her pmi will automatically be dropped when her mortgage balance drops to
________ is the internal operation that arranges information resources to support business performance and outcomes
An Information management means the internal operation that arranges information resources to support business performance and outcomes
What is the use of Information management?These internal operation allows for design, developing, management and use information with an insight and innovation.
It also support decision making and creation of value for individuals, organizations, communities, and societies.
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