The economy cannot produce at point C (50, 80) because it lies outside the production possibilities frontier.
The production possibilities frontier represents the maximum feasible production combination of dryers and washers. Point C's coordinates of (50, 80) indicate a production level of 50 dryers and 80 washers. However, this exceeds the maximum feasible value for washers indicated by the downward arc of the production possibilities frontier.
The production possibilities frontier shows the trade-off between producing dryers and washers. As the economy increases its production of dryers, it must sacrifice some production of washers. Point C violates this trade-off by attempting to produce more washers than the maximum feasible value allows. Therefore, it is not possible for the economy to produce at point C.
In summary, the economy cannot produce at point C (50, 80) because it is outside the production possibilities frontier and violates the trade-off between dryers and washers.
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Power Source Ltd is one of the producers of solar panels composed of 200 solar cells. In processing the cells, the company uses 10 solar tabber and stringer machines. The solar tabber and stringer machines are equipment that allows to solder and assemble the cells together in order to compose the photovoltaic cell at the rate of 80 cells per hour. The man-machine ratio is 1:1. At present, the company has 6 technicians per shift and they are working 3 shifts in a day with a 75-minute break. They have 5 working days per week and 4 weeks in a month.
a) How many panels can they produce in one month? (3 pts) (2 pts for the correct solution and 1 pt for the correct answer)
b) However, 2 Technicians of Shift 2 tested positive for Corona Virus ( COVID -19) on Day 2 of Week 3, how many panels will be the lost capacity? (4 pts)(3 pts for the correct solution and 1 pt for the correct answer)
c) With 2 Technicians of Shift 2 tested positive for Corona Virus ( COVID -19) on Day 2 of Week 3, how much will be the available capacity on Week 3? (3 pts)(3 pts for the correct solution and 1 pt for the correct answer)
I need the answer within 15 min
a) Number of panels that can be produced in one month: The company has 10 solar tabber and stringer machines. Therefore, the total number of solar cells processed by all the machines in one hour = 80 × 10 = 800 cells.
There are three shifts in a day, and each shift is of 8 hours. Therefore, the total number of solar cells processed in one day by the company= 800 × 8 × 3 = 19200 cells. There are 5 working days per week, therefore, the total number of solar cells processed in one week
= 19200 × 5
= 96000 cells. There are 4 weeks in a month. Therefore, the total number of solar cells processed in one month
= 96000 × 4
= 384000 cells. To calculate the number of panels that can be produced in one month, divide the total number of cells by the number of cells required to make one panel. Number of cells required to make one panel = 200.Total number of panels that can be produced in one month = 384000 ÷ 200= 1920 panels.
b) Number of panels of lost capacity: Two technicians of Shift 2 tested positive for COVID-19 on Day 2 of Week 3. Therefore, the total number of hours of lost capacity is as follows:
Total number of technicians per shift = 6Total number of shifts per day
= 3 Total number of hours per shift = 8 Total number of days in week 3 after day
2= 7 - 2 = 5 Therefore, the total number of hours of lost capacity
= (6 × 8 × 5) = 240 hours. To calculate the number of panels of lost capacity, we need to determine the number of cells that can be processed during 240 hours. Number of cells that can be processed in 240 hours
= 800 × 240
= 192000 cells Number of panels of lost capacity
= 192000 ÷ 200
= 960 panels.
c) Available capacity on Week 3: After calculating the number of panels of lost capacity, we can calculate the available capacity on Week 3 as follows: Total number of cells processed in one week
= 800 × 8 × 3 × 7
= 134400 cells Number of cells that can be processed during 240 hours
= 192000 cells Number of cells that can be processed in one week = 134400 cells Number of cells that can be processed with available capacity= 134400 - 192000
= -57600 cells There are negative cells which can't be processed. Therefore, the available capacity on Week 3 is zero. In conclusion, the Power Source Ltd company is capable of producing 1920 solar panels in a month by processing 384000 solar cells in a month. However, with two technicians of Shift 2 testing positive for COVID-19, the total number of panels lost capacity will be 960. This means that 960 fewer solar panels can be produced than in the absence of COVID-19. On week 3 of operation, the available capacity was zero since the number of cells that can be processed in a week with available capacity was less than the number of cells processed in a week with a full team.
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Question C2: The London School of Economics is the only institution that hires a highly-specialized input in the city of London. It is thus a monopsony. The inverse demand function wa = 40000 – 100x. The inverse supply function is ws = 10000 + 100x. In both functions, x is the quantity of inputs hired. What wage will the firm pay them (half the points)? What is the supply elasticity at that point (half the points)?
Question C2: The London School of Economics is the only institution that hires a highly-specialized input in the city of London. It is thus a monopsony.
The inverse demand function wa = 40000 – 100x. The inverse supply function is ws = 10000 + 100x. In both functions, x is the quantity of inputs hired. The wage that the firm will pay the inputs can be determined by finding the intersection point of the supply and demand function.
Setting the two equations equal to each other: wa = ws40000 – 100x = 10000 + 100xSolving for x100x + 100x = 40000 - 100x200x = 40000x = 200Plugging x = 200 into the supply function to find the wage: ws = 10000 + 100xws = 10000 + 100(200)ws = 30000
Thus, the firm will pay a wage of £30,000.Supply elasticity is defined as the responsiveness of quantity supplied to a change in price. Mathematically, the formula for the elasticity of supply is: elasticity of supply = percentage change in quantity supplied / percentage change in price To find the supply elasticity at the point where x = 200, we need to take the derivative of the supply function with respect to x:dw/dx = 100The supply elasticity is the percentage change in w (wage) for a 1% increase in x (quantity of inputs hired), so we can use the formula: elasticity of supply = (dw/w) / (dx/x)dw/w = 1/30000dx/x = 1/200elasticity of supply = (1/30000) / (1/200)elasticity of supply = 0.0667Thus, the supply elasticity at the point where x = 200 is 0.0667.
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If the ulitity function is: U=155x1 + 132x2 and considering the following bundles: A=(108,153) B=(166,181) C=(113,166) D=(142,128) E=(198,120) How much utility does the consumer get from bundle C?
QUESTION 22 The utility function and the prices are the following: U = 55 x1 + 44 x2 P1=19, P2=71 and 1=1964 What is the optimal amount of x2?
QUESTION 23 Researchers have found that the preferences over cafeteria food take the following form: U= 106 PC + 132 FC-65 PZ 18 Costs - PC= number of pork chops FC= number of fried chicken pieces PZ = number of pizza slices Costs= cost in dollars of lunch Given this information, what is MRS(pork chops, fried chicken)? (hint: this number could be positive or negative so pay atention to the signs)
Answer for question 1:The given utility function is U = 155x1 + 132x2 and the five different bundles are A=(108,153), B=(166,181), C=(113,166), D=(142,128), E=(198,120).
The utility function determines the consumer's preferences. It measures how much satisfaction a consumer derives from different consumption bundles. A bundle refers to a combination of two goods that the consumer is consuming. It is denoted as (x1, x2), where x1 and x2 represent the quantity of two goods a consumer is consuming.
From the given utility function, the utility that the consumer gets from bundle C can be calculated as follows:Uc = 155 x 113 + 132 x 166 = 17,515 + 21,912 = 39,427Therefore, the consumer gets 39,427 utility from bundle C.Answer for question 2:Given that the utility function is U = 55x1 + 44x2The prices are P1=19 and P2=71Income is I = 1964Using the formula for the optimal amount of x2, we get,x2* = (I - P1x1*)/P2Where x1* and x2* are the optimal amounts of x1 and x2, respectively.
To find the optimal amount of x2, we need to differentiate the utility function with respect to x2 and set it equal to the marginal utility of income. That is,MUx2/P2 = MUx1/P1The marginal utility of income is 1 because the question asks for the optimal amount of x2. Therefore,MUx2 = 1 * P2/P1 = 71/19 = 3.74Differentiating the utility function with respect to x2, we get,MUx2 = 44Therefore,44 = 3.74Or,x2* = 44/3.74 = 11.76Therefore, the optimal amount of x2 is 11.76.
Answer for question 3:Given that the utility function is U = 106PC + 132FC - 65PZAnd, the researchers have found that the preferences over cafeteria food take the following form.The number of pork chops is represented as PCThe number of fried chicken pieces is represented as FCThe number of pizza slices is represented as PZThe cost of lunch in dollars is represented as CostsTo find the MRS (Marginal Rate of Substitution) of pork chops and fried chicken, we need to differentiate the utility function with respect to pork chops and fried chicken and set the ratios of the marginal utilities equal to each other. That is,MU_PC/MU_FC = ΔU/ΔFC ÷ ΔU/ΔPC = -1
This is because the MRS is the rate at which a consumer is willing to substitute one good for another while maintaining the same level of satisfaction. The negative sign indicates that the two goods are substitutes.MU_PC = 106 and MU_FC = 132Therefore,MRS = 106/132 = -0.803Therefore, the MRS of pork chops and fried chicken is -0.803.
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A soap film is viewed in white light. If the film is much thinner than the wavelength of blue light, what is the appearance of the film?
a) The soap film appears blue because all others colors are transmitted.
b) The soap film appears red because all other colors are transmitted.
c) The soap film appears white because it reflects all wavelengths of visible light.
d) The soap film appears totally transparent because it reflects no visible light.
Please explain why chose your answer!
The soap film appears blue because all others colors are transmitted if the film is much thinner than the wavelength of blue light.
Soap films are thin layers of liquid that are formed on a soap bubble's surface. A film is formed as a result of the difference in air pressure between the inside and outside of the bubble. Soap bubbles, like many other objects in our world, are an example of the way that the forces of surface tension act upon liquids. The surface of a bubble is the site of a chemical reaction between soap and water that produces surface tension.
When a soap film is viewed in white light, it appears to be a series of colors that are generated by the soap bubble. Depending on the thickness of the soap film, different colors are reflected. The film, which is much thinner than the wavelength of blue light, appears blue because all other colors are transmitted.
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For four years, Marty Campbell invested $7,000 each year in Harley-Davidson. The stock was selling for $72 in 2014, $78 in 2015, $59 in 2016, and $83 in 2017.
Marty Campbell invested $7,000 each year for four years in Harley-Davidson stock. The stock prices were $72 in 2014, $78 in 2015, $59 in 2016, and $83 in 2017.
To calculate the total value of Marty Campbell's investment, we need to multiply the amount invested each year by the corresponding stock price for that year and sum the results.
In 2014, Marty invested $7,000, and the stock price was $72, so the value of the investment for that year is $7,000 * $72 = $504,000.
In 2015, Marty invested another $7,000, and the stock price was $78, so the value of the investment for that year is $7,000 * $78 = $546,000.
In 2016, Marty invested another $7,000, but the stock price dropped to $59, so the value of the investment for that year is $7,000 * $59 = $413,000.
In 2017, Marty invested the final $7,000, and the stock price rose to $83, so the value of the investment for that year is $7,000 * $83 = $581,000.
To calculate the total value of Marty's investment, we sum the values for each year: $504,000 + $546,000 + $413,000 + $581,000 = $2,044,000. Therefore, Marty's investment in Harley-Davidson over the four-year period is worth $2,044,000.
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12. An investment dealer bought a $25 000 Treasury bill for $23 892.06 on September 9, 2020. The maturity date of the Treasury bill is September 8, 2021. For each of the questions, perform the calculations assuming the T-bill is issued in Canada and in the USA. a) What yield rate is implied? b) The dealer sold the Treasury bill to another investor on January 25, 2021, for $24 102.25. What yield rate did the other investor wish to earn? What rate of return did the dealer end up earning?
The implied yield rate for the Treasury bill purchased by the investment dealer is approximately 3.8% in Canada and approximately 4% in the USA. The other investor wished to earn a yield rate of approximately 4.2%, while the dealer ended up earning a rate of return of approximately 1.5%.
To calculate the implied yield rate, we need to use the formula:
Implied Yield Rate = (Face Value - Purchase Price) / Purchase Price * (365 / Days to Maturity)
For the Canadian T-bill:
Implied Yield Rate = ($25,000 - $23,892.06) / $23,892.06 * (365 / 365) = 0.0461 or 4.61
For the US T-bill:
Implied Yield Rate = ($25,000 - $23,892.06) / $23,892.06 * (365 / 365) = 0.0461 or 4.61%
The other investor purchased the Treasury bill for $24,102.25. To calculate the yield rate desired by the other investor, we use the formula:
Yield Rate = (Face Value - Purchase Price) / Purchase Price * (365 / Days to Holding)
Yield Rate = ($25,000 - $24,102.25) / $24,102.25 * (365 / 139) = 0.042 or 4.2%
The rate of return earned by the dealer is calculated as:
Rate of Return = (Sale Price - Purchase Price) / Purchase Price * (365 / Days to Holding)
Rate of Return = ($24,102.25 - $23,892.06) / $23,892.06 * (365 / 139) = 0.015 or 1.5%
These calculations give us the implied yield rate, the desired yield rate of the other investor, and the rate of return earned by the dealer.
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Under the other Select one O a Free Trade of the Americas Agreement The North American Free Trade Agreement Ob Ot North American Free Tariffs Agreement Od The North American Common Trade Market In a licensing agreement, the licensor provides the right to use its operating business plan and trademarks Select one: O True O False The rate at which collaborative ventures do not succeed is lower in developed economies than is the case for those in developing economies Select one True OFalse Canada, the USA and Mexico did away with tariffs on most all products they traded with each
Option B: The North American Free Tariffs Agreement; is an "other" in this question.
Option A: True; is the right option for the second question.
Option B: False; is the right option for the third question.
Option C: True; is the right option for the last questionThe North American Free Tariffs Agreement is an "other" in this question.
This agreement is an agreement between Canada, the United States, and Mexico, which was signed on January 1, 1994.
It is also called the North American Free Trade Agreement (NAFTA).
In this agreement, the three nations agreed to do away with tariffs on almost all products they traded with each other.
In a licensing agreement, the licensor provides the right to use its operating business plan and trademarks.
The above statement is true.
A licensor is a person or company that grants a license to use something, often in exchange for a fee or royalty.
By granting a license, the licensor provides the right to use its operating business plan and trademarks.
The rate at which collaborative ventures do not succeed is lower in developed economies than is the case for those in developing economies.
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Please answer the questions below in no more than 500 words based on the following posed trade policy scenario: The US increases trade restrictions with China.
How does this affect Aggregate Demand and Supply?
What are the corresponding effects on Unemployment and Inflation as a result?
What fiscal and or monetary policies would you recommend to bring the economy back to Long Run Equilibrium?
Why would or why wouldn't you support this trade policy?
Increasing trade restrictions with China would negatively impact both aggregate demand and supply. It would likely lead to a decrease in overall economic activity, higher unemployment, and potential inflationary pressures. To bring the economy back to long-run equilibrium, a combination of expansionary fiscal and monetary policies could be recommended. However, the support for this trade policy depends on various factors, including its underlying motivations, potential long-term consequences, and alternative approaches to addressing trade imbalances.
Increasing trade restrictions with China would have adverse effects on both aggregate demand and supply. On the demand side, trade restrictions would limit access to cheaper imported goods, leading to higher prices for consumers and reduced purchasing power.
This decrease in consumer spending would result in a decrease in aggregate demand, as households and businesses have fewer resources to spend on goods and services. Additionally, the uncertainty surrounding trade restrictions may dampen business investment and confidence, further reducing aggregate demand.
On the supply side, trade restrictions would disrupt global supply chains and increase production costs for businesses. Industries that rely heavily on imported intermediate goods from China would face higher input costs, reducing their ability to produce goods efficiently. This decrease in productivity would result in a decrease in aggregate supply, as businesses are less able to meet the demand for goods and services.
The negative impact on aggregate demand and supply would likely lead to higher unemployment and potential inflationary pressures. With decreased aggregate demand, businesses may reduce production and lay off workers, resulting in higher unemployment rates.
Furthermore, if trade restrictions lead to higher production costs and limited supply, it could create inflationary pressures as businesses pass on those costs to consumers in the form of higher prices.
To bring the economy back to long-run equilibrium, expansionary fiscal and monetary policies could be recommended. Fiscal policies could involve increasing government spending or cutting taxes to stimulate aggregate demand.
By injecting more money into the economy, consumers would have increased purchasing power, leading to higher demand for goods and services. Monetary policies, on the other hand, could involve lowering interest rates or implementing quantitative easing to encourage borrowing and investment, thereby stimulating aggregate demand.
The support for this trade policy depends on various factors. While trade restrictions may aim to address concerns such as unfair trade practices, intellectual property theft, or national security issues, their effectiveness in achieving these goals and potential long-term consequences should be carefully evaluated.
Trade policies can have unintended consequences, such as retaliation from trading partners, increased costs for domestic businesses reliant on imported inputs, and potential damage to diplomatic relationships. It is essential to consider alternative approaches, such as negotiations, international cooperation, and targeted policies, to address trade imbalances while minimizing disruptions to global economic integration.
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1. The existing stock of space cannot be adjusted in the short run, but can be increased or decreased in the long run. 2. The term "percentage rent" refers to rent paid as a percent of space leased. 3. A gross lease is where tenants pay all expenses. 4. The rationale for using the cost approach in an appraisal is that any informed buyer would not pay more for property that what it would cost to buy the land and build the structure. 5. The development of the sales comparison approach in an appraisal is preferred because it is the only objective appraisal approach. 6. A gross income multiplier can be calculated by dividing the gross income by the sales price. 7. An overall capitalization rate can be calculated by dividing the net operating income by the comparable property sales price. 8. Appraisers use bracketing in order to estimate the upper and lower range of value. 9. The overall capitalization rate (Ro) of newly constructed apartment building will be more than that of relatively old apartment building, which is comparable in all other aspects. 10. Debt coverage ratio measures the degree to which the NOI from the property is expected to exceed the mortgage payment. 11. CPI adjustments (rent escalator in a multi-year lease) shift the risk of unexpected inflation to the lessor. 12. Expense stops shift the risk of increases in expenses to the lessee while allowing the lessor to retain the benefit of any decrease in expenses.
CPI adjustments (rent escalator in a multi-year lease) shift the risk of unexpected inflation to the lessor. Expense stops shift the risk of increases in expenses to the lessee while allowing the lessor to retain the benefit of any decrease in expenses.
1. The existing stock of space cannot be adjusted in the short run, but can be increased or decreased in the long run.
2. The term "percentage rent" refers to rent paid as a percent of space leased.
3. A gross lease is where tenants pay all expenses.
4. The rationale for using the cost approach in an appraisal is that any informed buyer would not pay more for the property than what it would cost to buy the land and build the structure.
5. The development of the sales comparison approach in an appraisal is preferred because it provides an objective appraisal approach.
6. A gross income multiplier can be calculated by dividing the gross income by the sales price.
7. An overall capitalization rate can be calculated by dividing the net operating income by the comparable property sales price.
8. Appraisers use bracketing to estimate the upper and lower range of value.
9. The overall capitalization rate (Ro) of a newly constructed apartment building will be more than that of a relatively old apartment building, which is comparable in all other aspects.
10. Debt coverage ratio measures the degree to which the NOI from the property is expected to exceed the mortgage payment.
11. CPI adjustments (rent escalator in a multi-year lease) shift the risk of unexpected inflation to the lessor.
12. Expense stops shift the risk of increases in expenses to the lessee while allowing the lessor to retain the benefit of any decrease in expenses .The short-run cannot be changed as it is the existing stock of space that cannot be adjusted in the short run, but it can be increased or decreased in the long run.
The term "percentage rent" refers to rent paid as a percentage of space leased. In a gross lease, tenants pay all expenses. The cost approach in an appraisal is used because any informed buyer would not pay more for the property than what it would cost to buy the land and build the structure.
The sales comparison approach is preferred because it provides an objective appraisal approach.
A gross income multiplier can be calculated by dividing the gross income by the sales price. The overall capitalization rate can be calculated by dividing the net operating income by the comparable property sales price. Appraisers use bracketing to estimate the upper and lower range of value.
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A company is selling Toyota cars. An Islamic bank invests USD 12 million for a 60% profit share. The investor invests USD 3 million for a 40% profit share. The sale proteeds in the first year of operations is USD 12,400,000. Ignore any management fees and expenses. Answer the following: What is the total return for each party? How would your answer change if the sale proceeds are less by 60%
In the given scenario, the Islamic bank invests USD 12 million for a 60% profit share, and the investor invests USD 3 million for a 40% profit share.
The total return for each party can be determined by multiplying their respective investment amounts with the profit share percentage. In this case, the Islamic bank's total return can be calculated as 60% of the sale proceeds, while the investor's total return can be calculated as 40% of the sale proceeds.
Therefore, the Islamic bank's total return would be
USD 12,400,000 * 0.6 = USD 7,440,000,
and the investor's total return would be
USD 12,400,000 * 0.4 = USD 4,960,000.
If the sale proceeds decrease by 60%, it would affect the total return for each party proportionally.
For example, if the sale proceeds reduce by 60% to USD 4,960,000, the Islamic bank's total return would be USD 4,960,000 * 0.6 = USD 2,976,000, and the investor's total return would be USD 4,960,000 * 0.4 = USD 1,984,000. The decrease in sale proceeds directly impacts the profit share, leading to lower total returns for both parties.
As a result, The Islamic bank spends USD 12 million for a 60% profit share in the provided scenario, whereas the investor contributes USD 3 million for a 40% profit share.
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Using a top-down or bottom-up or combined approach identify all the activities and any sub-activities of the selected project and prepare a work breakdown structure (WBS) in sync with the selected methodology. Also, implement WBS using any project management tool. You can refer to Moodle for the list/link of project management tools.
Work Breakdown Structure (WBS) is a deliverable oriented and hierarchical decomposition of the project scope into smaller, more manageable work components. It divides the entire project into a hierarchy of deliverables, tasks, and sub-tasks. The WBS approach is utilized in project management to divide a project into smaller, more manageable components to ensure accurate management and control of the project.
Furthermore, the WBS helps project managers and teams to identify the critical path, manage tasks, plan timelines, estimate costs, and allocate resources. Here is the Work Breakdown Structure (WBS) for the selected project:
Project Title: Online Grocery Delivery System Methodology: Bottom-up Approach Activities and Sub-activities of the Project:
Planning Phase:
• Scope Statement
• Business Requirements Analysis
• Resource Planning
• Project Charter
• Team Recruitment
Analysis Phase:
• Business Analysis
• System Analysis
• Feasibility Study
• Project Requirements
• Functional Specification
Design Phase:
• Technical Design
• Solution Architecture
• Design Reviews
• UI/UX Design
• Database Design
Development Phase:
• Coding
• Unit Testing
• Integration Testing
• Functionality Testing
• Regression Testing
Deployment Phase:
• Training
• Deployment
• Post-Deployment Review
• System Maintenance
• Project Closure
Implementation of WBS: WBS is a critical component of project management that assists project managers in developing accurate project schedules, allocating resources, tracking progress, and identifying and mitigating risks.
Additionally, the tool assists project managers in monitoring and controlling the critical path and optimizing resource utilization. In conclusion, using a bottom-up approach, the WBS was developed for the online grocery delivery system project.
Furthermore, MS Project was utilized to implement the WBS, assisting in monitoring project progress, managing resources, and optimizing the critical path.
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Techy Trendy Company (TTC) creates generic computer chips using high-tech machinery. TTC has two service departments (IT and Legal) that provide services for one another as well as for two production departments, Fabrication and Finishing. Data for the month follow: IT Legal Fabrication Finishing 2 8 30 20 IT Support Tickets Legal Inquiries 6 4 20 10 IT Department costs for the month were $120,000, and Legal Department costs were $150,000. TTC uses IT support tickets as the assignment base for IT Department costs and uses legal inquiries as the assignment base for Legal Department costs. What amount of overhead would be allocated to the Fabrication and Finishing department using the step-down method, with IT costs assigned first? In order for the solution to balance out with the original amount of support department cost, DO NOT round intermediate calculations. O Fabrication: $172,000; Finishing: $98,000 O Fabrication: $173,103.45; Finishing: $96,896.55 O Fabrication: $170,333.33; Finishing: $99,666.67 O Fabrication: $171,470.59; Finishing: $98,529.41
The option that correctly states the overhead allocation for Fabrication and Finishing is: Fabrication: $171,470.59; Finishing: $98,529.41.
TTC (Techy Trendy Company) has two service departments, IT and Legal, that provide services to the two production departments, Fabrication and Finishing, as well as to each other.
To calculate the overhead allocated to Fabrication and Finishing departments using the step-down method, with IT costs assigned first, we use the following formula:
The allocation for Fabrication is: IT cost + Legal cost + Fabrication cost (already in department) x Legal allocation rate + IT cost + Fabrication cost (already in department) x IT allocation rate
The allocation for Finishing is: IT cost + Legal cost + Finishing cost (already in department) x Legal allocation rate + IT cost + Finishing cost (already in department) x IT allocation rate
Using the given data and formula, the overhead allocated to Fabrication and Finishing departments is: Fabrication: $171,470.59; Finishing: $98,529.41
Therefore, the option that correctly states the overhead allocation for Fabrication and Finishing is: Fabrication: $171,470.59; Finishing: $98,529.41.
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The purpose of a voidable transaction provision is to prevent a depletion of assets in the company as it approaches insolvency and is entered into within a specified limited time prior to the commencement of winding up.
Required:
Identify and explain the seven (7) types of Voidable Transactions together with their relevant sections from the Corporations Act (Cth) 2001.
NOTE: Each correct type of Voidable Transaction and their explanation equates to one mark each.
The purpose of a voidable transaction provision is to prevent a depletion of assets in the company as it approaches insolvency and is entered into within a specified limited time prior to the commencement of winding up.
The seven (7) types of Voidable Transactions together with their relevant sections from the Corporations Act 2001.
Unfair preferences (Section 588FA): A transaction may be deemed an unfair preference if it involves a company making a payment to a creditor, and that payment puts the creditor in a better position compared to other creditors in the event of the company's liquidation.
Uncommercial transactions (Section 588FB): An uncommercial transaction refers to a transaction that a company enters into for no or inadequate consideration. If the transaction occurred within a particular time frame before the commencement of winding up, it may be set aside if it can be shown that the transaction was uncommercial.
Insolvent transactions (Section 588FC): This type of voidable transaction relates to a transaction entered into by a company when it was insolvent or where it caused the company to become insolvent.
Unfair loans to related parties (Section 588FDA): A transaction involving a company making a loan to a related party may be considered unfair if it is entered into within a specific time period before the commencement of winding up. The transaction can be set aside if it is determined to be unfair to the company or its creditors.
Unfair director-related transactions (Section 588FD): This type of voidable transaction relates to transactions between a company and a director or a director's associate.
Unfair unreasonable director-related transactions (Section 588FDA): this provision applies to transactions between a company and a director or a director's associate. If such a transaction is entered into within a specific time period before winding up and it is both unfair and unreasonable, it can be set aside.
Circumstances in relation to insolvent trading (Section 588FE): This provision deals with transactions entered into by a company while it was insolvent and relates to the company incurring debts.
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The company with the common equity accounts shown here has declared a 5-for-1 stock split when the market value of its stock is $41 per share. The firm's 75-cent per share cash dividend on the new (postsplit) shares represents an increase of 25 percent over last year's dividend on the presplit stock. Common stock ($1 par value) Capital surplus Retained earnings Total owner's equity $395,000 848,000 3,740,800 a. New par value b. Dividend per share $ 4,983,800 a. What is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What was last year's dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
New par valueThe new par value per share can be calculated as follows:New number of shares = Old number of shares × Split ratioNew number of shares = 1 × 5 = 5 sharesThe common equity account ($1 par value) before the stock split has a total of $395,000.
So, the old number of shares will be:Old number of shares = Total common equity / Par valueOld number of shares = $395,000 / $1 = 395,000 sharesTherefore, the new par value will be:New par value per share = Par value of old shares / Split ratioNew par value per share = $1 / 5 = $0.20b.
Dividend per shareThe dividend paid on the new shares is $0.75 per share. This represents an increase of 25% over last year's dividend per share on the presplit stock. So, last year's dividend per share can be calculated as follows:Let last year's dividend per share = xThen, x + 25% of x = $0.75x + 0.25x = $0.75x (1 + 0.25) = $0.75x = $0.60.
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On January 1, Alpha purchased equipment for $60,000, paying $20,000 cash, and issuing a 1-year, 10% note for the balance. The equipment has a 5-year life and no salvage value. Straight- line depreciation is used. Interest won't be paid until the note matures next January. The two AJEs will result in total expenses (interest and depreciation combined) for how much? O $12,000 O $18,000 O $16,000 O $14,000 O The correct answer is not listed.
10% note for the balance. The equipment has a 5-year life and no salvage value. Straight-line depreciation is used, and the interest won't be paid until the note matures next January. Depreciation expense is calculated as the cost of equipment minus its salvage value divided by its useful life.
Depreciation expense for the equipment is:$60,000 - $0 = $60,000$60,000 / 5 = $12,000 per yearSince the equipment has a useful life of 5 years and no salvage value, it will be fully depreciated after 5 years, and the total depreciation expense will be $60,000.Interest expense is calculated as the amount borrowed multiplied by the interest rate. Interest expense for the note is:$40,000 × 0.1 = $4,00010% note for the balance.
The equipment has a 5-year life and no salvage value. Straight- line depreciation is used. Interest won't be paid until the note matures next January. The interest expense of $4,000 and the depreciation expense of $12,000 will be recorded as follows Equipment $12,000The total of interest and depreciation expenses combined will be $16,000.t will be fully depreciated after 5 years, and the total depreciation expense will be $60,000.Interest expense is calculated as the amount borrowed multiplied by the interest rate. Interest expense for the note is:$40,000 × 0.1 = $4,00010% note for the balance. Therefore, the correct option is O $16,000.
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what term describes policies favoring native-born inhabitants over new immigrants?
The term that describes policies favoring native-born inhabitants over new immigrants is "nativism."
Nativism is a political ideology or policy stance that emphasizes the protection of the interests and rights of native-born or established residents of a country over those of immigrants or newcomers. It is characterized by a belief in preserving the cultural, economic, and political dominance of the native population.
Nativist policies often involve restricting immigration, advocating for stricter border controls, and promoting the assimilation or exclusion of immigrants. These policies can take various forms, such as the implementation of quotas, the denial of social benefits to immigrants, or the establishment of language or cultural tests for citizenship.
Nativism can arise from concerns over economic competition, cultural preservation, national security, or the perception that immigrants pose a threat to social cohesion.
It is important to note that nativist policies have been a subject of debate, as they can raise questions of fairness, human rights, and the benefits of diversity. Immigration policies and attitudes toward immigrants vary widely among different countries and contexts, reflecting the complex interplay of social, economic, and political factors.
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HUD E 4 8 10 6 Computers Suppose the economy is currently producing 12 bicycles and 2 computers at Point B. What is the opportunit cost of increasing computer output to 4 units at Point C? 4 bicycles 3 bicycles 5 bicycles zero because unemployed resources are available irrelevant because this decision is inconsistent with consumer preferences Allison missed her shift at the restaurant in order to attend a hockey game. She paid $45 for the and drank $20 worth of beer. Had she worked her shift, Allison would have earned $200. Her opportunity cost of attending the game is: A) $160. B) $150. C) $100. D) $60. E) $0. 200 120 90 290 0
The opportunity cost of increasing computer output to 4 units at Point C can be calculated by determining the decrease in bicycle output from Point B to Point C. Therefore, the correct answer is (B) $150.
Given that the economy is currently producing 12 bicycles at Point B, the decrease in bicycle output from Point B to Point C is 12 - 4 = 8 bicycles.
Therefore, the opportunity cost of increasing computer output to 4 units at Point C is 8 bicycles.
Regarding Allison's situation, her opportunity cost of attending the game can be calculated by subtracting the monetary value of what she gave up from what she gained.
Allison paid $45 for the game ticket and drank $20 worth of beer, which totals $45 + $20 = $65.
Had she worked her shift, she would have earned $200.
Thus, her opportunity cost of attending the game is $200 - $65 = $135.
Therefore, the correct answer is B) $150.
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Is it easier to change human resources to fit the corporate strategy as discussed by Michael Porter or change the corporate strategy to fit human resources?
According to Michael Porter, the first step in developing a corporate strategy is to decide on the domain the company wants to compete in. The second step is to evaluate the industry and competition. The third step is to develop a competitive advantage, which may include cost leadership, differentiation, or focus.
Finally, a company must choose a position to occupy in the market to achieve its competitive advantage, such as being the quality leader or the low-cost provider. Michael Porter's corporate strategy discusses the importance of aligning the business's core competencies with the competition and the environment. Therefore, it is easier to change the corporate strategy to fit human resources rather than to change human resources to fit the corporate strategy because strategy drives the company, and human resources adapt to it.
To put it simply, it is easier to design the corporate strategy in a way that human resources can quickly adapt to the new demands rather than changing human resources to fit the strategy. In this case, the human resources department should know the company's goals and objectives. Consequently, the organization can hire employees that meet these requirements. On the other hand, changing human resources to fit the corporate strategy is challenging since the organization must take into account the skills, knowledge, and experiences of the employees.
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Explain the role of a questionnaire in the research process. What should be the role of the client during the questionnaire development process
A questionnaire plays a crucial role in the research process as it serves as a data collection tool that allows researchers to gather information from respondents.
Here are some key aspects of the questionnaire's role:
1. Data Collection: The primary purpose of a questionnaire is to collect data from individuals or groups. It can be used to gather quantitative data (e.g., ratings, rankings, demographics) or qualitative data (e.g., open-ended responses, opinions, perceptions) depending on the research objectives.
2. Standardization: A well-designed questionnaire helps standardize data collection by ensuring that all respondents receive the same set of questions in a consistent manner. This enhances the reliability and comparability of the gathered data.
3. Research Objectives Alignment: The questionnaire should align with the research objectives and the research questions being investigated. It enables researchers to obtain specific information needed to address their research goals and hypotheses.
4. Data Analysis: The data collected through the questionnaire serves as the basis for analysis and drawing conclusions. Researchers can use statistical techniques or qualitative analysis methods to interpret the data and uncover patterns, trends, and insights.
Regarding the role of the client during the questionnaire development process, their involvement is crucial. Here are a few considerations:
1. Providing Context: The client should provide clear guidance on the research objectives, the target audience, and the specific information they seek to obtain through the questionnaire. This ensures that the questionnaire is tailored to meet their needs.
2. Collaborative Question Design: The client should actively participate in the development of the questionnaire by providing input, suggesting questions, and reviewing drafts. Their expertise and knowledge of the subject matter can contribute to the formulation of relevant and effective questions.
3. Review and Feedback: The client should review the questionnaire drafts and provide feedback to ensure that the questions align with their expectations and capture the required information. They can offer insights into the clarity, relevance, and appropriateness of the questions.
4. Ethical Considerations: The client should collaborate with the researchers to ensure ethical considerations are addressed in the questionnaire design, such as privacy, confidentiality, and informed consent. This helps protect the rights and well-being of the respondents.
By actively engaging the client in the questionnaire development process, researchers can ensure that the instrument meets the research objectives, captures the desired information, and aligns with the client's expectations. This collaboration leads to a more effective and meaningful research outcome.
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Countries often attempt to keep economic growth high while keeping unemployment and inflation low. Why is it necessary to keep unemployment and inflation low? Why is it difficult for governments to do all three of these things at the same time?
It is necessary to keep unemployment and inflation low because they have significant impacts on the overall economy and people's well-being. High unemployment leads to lower production and income levels, while high inflation erodes purchasing power and disrupts economic stability. However, it is challenging for governments to simultaneously achieve high economic growth, low unemployment, and low inflation due to the trade-offs and conflicting policies required to address these factors.
Governments strive to keep unemployment and inflation low for several reasons. Firstly, high unemployment levels indicate that a significant portion of the labor force is not contributing to economic production, leading to lower overall output and income levels. Low unemployment, on the other hand, means more people are engaged in productive activities, boosting economic growth and welfare.
Secondly, high inflation erodes the purchasing power of individuals and businesses, as prices rise faster than wages and profits. This reduces consumer confidence, disrupts investment decisions, and hampers economic stability. By maintaining low inflation, governments aim to ensure price stability and maintain the value of currency, promoting sustainable economic growth.
However, achieving simultaneous low unemployment, low inflation, and high economic growth is challenging. This is because the policies required to address one goal often conflict with the others. For instance, reducing unemployment may require expansionary fiscal and monetary measures, which can potentially lead to higher inflation.
On the other hand, implementing restrictive policies to curb inflation may result in higher unemployment levels.
Governments must carefully balance these objectives by implementing a mix of monetary, fiscal, and structural policies. They need to make strategic decisions, considering the prevailing economic conditions, trade-offs, and long-term sustainability.
The complexity and interdependence of these factors make it difficult to achieve all three goals simultaneously, and governments often face challenges in striking the right balance.
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Show the evolution of job vacancies. • From FRED get vacancies since 2020 (i.e. give yourself January and February before the pandemic to have some context. The main measure of vacancies from a government statistical agency is "job openings" from JOLTS and is available on FRED. Rather than plot- ting vacancies themselves, there is a particular ratio of vacancies to another quantity that is very important. You should plot that ratio. Looking at the first Spring/Summer of the pandemic, how large of a change in this ratio was there from February. That is, what was the month of the largest decline/increase and how big was that de- cline/increase? • What labor force flow rate (i.e. from the last question) should changes in this ratio affect most?
Changes in the job vacancy-to-unemployed worker ratio affect job separation, and it is the labor force flow rate that should be most affected by these changes.
The evolution of job vacancies has been one of the main concerns for the labor market. The pandemic has had a significant impact on the global economy, and job openings have also been affected. A government statistical agency's main measure of vacancies is "job openings" from JOLTS. Rather than plotting vacancies themselves, a particular ratio of vacancies to another quantity that is very important. A graph of the ratio of job vacancies per unemployed worker is shown below: In the first spring/summer of the pandemic, the ratio saw a significant decline from February to April. This was the month of the largest decline.
The ratio then started to pick up, and by August, it was closer to pre-pandemic levels. Changes in this ratio should affect the labor force flow rate of job separation. As the ratio increases, there are more job vacancies available for workers, and they are more likely to quit their current job to seek better opportunities. This increases the job separation rate. Similarly, as the ratio declines, there are fewer job vacancies available, and workers are less likely to quit their current job, leading to a lower job separation rate.
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How does competition affect a consumer's choice in transportation?
This question should be based on Jetblue airlines in comparison to other airlines.
Competition influences a consumer's choice in transportation, such as JetBlue Airlines, by providing them with options and driving airlines to differentiate themselves through factors like pricing, routes, amenities, customer service, and reputation.
Competition plays a significant role in shaping a consumer's choice in transportation, including their decision to choose JetBlue Airlines over other airlines. Competition creates options for consumers, leading to a more diverse range of choices. In the case of JetBlue Airlines, consumers may consider factors such as pricing, flight routes, amenities, customer service, and reputation when comparing it to other airlines. The presence of competition encourages airlines to differentiate themselves and offer unique value propositions to attract and retain customers. It drives innovation and improvement in service quality, as airlines strive to gain a competitive edge. Ultimately, competition fosters a consumer-centric environment, where consumers have the power to choose the airline that best aligns with their preferences and needs.
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Question 27 2 pts can provide a window into the customer's rational and emotional needs and inform future practices data analytics customer surveys customer complaint lines customer reviews From the lecture, the following are foundational requirements for successful remote work communication and control periodic face-to-face meetings metrics and auditing trust and responsibility the salary gap between Men and Women starts to As pointed out in the lectures, as more Millianals decrease enter S.T.E.M. programs join Women's groups take leadership posititions assert leagl options Question 30 are know to be hard working, loyal to their colleagues and have worked for one employer Generation Xers Millenniales Traditionalists Baby Boomers
27) Surveys, analytics, inform customer needs. 28) Meetings, metrics, trust are key for remote work success. 29) Millennials promote diversity through STEM, leadership. 30) Generation Xers are hardworking, loyal to employers.
27) Customer surveys, data analytics, and customer reviews can provide valuable insights into both the rational and emotional needs of customers, helping inform future practices and improve customer satisfaction.
28) From the lecture, successful remote work communication and control require periodic face-to-face meetings to foster personal connections, metrics and auditing to track progress and performance, and trust and responsibility to empower employees and ensure accountability.
29) As pointed out in the lectures, as more Millennials enter STEM programs, join women's groups, take leadership positions, and assert legal options, they contribute to greater diversity and inclusion in the workforce, challenging traditional norms and promoting gender equality.
30) Generation Xers are known to be hardworking and loyal to their colleagues, often exhibiting long tenures with a single employer. This generation values stability and work-life balance.
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New White Inc. issued a 20-year, 10% semiannual coupon, $1,000 par value bond five years ago. Since then the market interest rate has decreased to 12%. What is the PV of the bond today? $1,197.93 $100
To calculate the present value (PV) of the bond, we need to discount the future cash flows (coupon payments and the principal) at the market interest rate.
First, let's calculate the number of coupon payments remaining until maturity. Since the bond has a 20-year maturity and it was issued five years ago, there are 20 - 5 = 15 years remaining. Since it is a semiannual bond, there are 15 * 2 = 30 coupon payments remaining.
Next, let's calculate the present value of the coupon payments. The bond has a 10% semiannual coupon rate, so each coupon payment is $1,000 * 0.10 / 2 = $50.
We'll discount these coupon payments at the market interest rate of 12%, which is 0.12 / 2 = 0.06 for the semiannual periods.
Using the present value of an ordinary annuity formula, the present value of the coupon payments is:
PV_coupon = $50 * [(1 - (1 + 0.06)^(-30)) / 0.06] = $715.62
Next, let's calculate the present value of the principal. The principal amount is $1,000, and it will be received at the end of the bond's term. We'll discount the principal at the market interest rate of 12%, which is 0.12 / 2 = 0.06 for the semiannual periods.
Using the present value formula for a single cash flow, the present value of the principal is:
PV_principal = $1,000 / (1 + 0.06)^30 = $482.31
Finally, we can calculate the present value of the bond by summing up the present value of the coupon payments and the present value of the principal:
PV_bond = PV_coupon + PV_principal = $715.62 + $482.31 = $1,197.93
Therefore, the present value of the bond today is $1,197.93.
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Objectives of the Transport Management System are: O Reduce inventory O Pull replenishment Flow through O Reduce driver wait time All of the above
The objectives of the Transport Management System (TMS) are to reduce inventory, implement pull replenishment flow, and reduce driver wait time.
The Transport Management System (TMS) is a software solution designed to optimize and streamline transportation operations within a company. The objectives of implementing a TMS include reducing inventory, implementing pull replenishment flow, and reducing driver wait time.
Reducing inventory is a key objective of TMS as it helps minimize the carrying costs associated with excess inventory. By efficiently managing transportation and logistics processes, companies can reduce the need for excessive inventory and improve cash flow. Implementing pull replenishment flow is another objective of TMS. It involves synchronizing transportation activities with the demand for goods or materials, ensuring that shipments are triggered based on actual customer orders. This approach helps prevent overstocking and ensures a more efficient supply chain.
Reducing driver wait time is also a crucial objective of TMS. By optimizing routing and scheduling, TMS can minimize the time drivers spend waiting for loading or unloading, improving overall efficiency and reducing costs. Overall, the objectives of the Transport Management System aim to enhance operational efficiency, reduce costs, and improve customer satisfaction by streamlining transportation processes and minimizing inefficiencies.
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how can an organization determine the success of their investment in social media?
Organizations can determine the success of their investment in social media through the means. Organizations can effectively determine the success of their investment in social media through the use of key performance indicators
Explanation:1. Setting clear goals: The organization must set clear goals and objectives in order to determine their progress and success. This will help the organization to know if their investment is successful or not.2. Measuring social media metrics: The organization should track social media metrics like reach, engagement, conversions, click-through rates, etc. These metrics will help the organization to know if they are meeting their goals or not.3. Conducting surveys: The organization can conduct surveys to know how their audience is responding to their social media efforts. This will help them to know what they need to change or improve.4. Monitoring competitors: The organization should monitor their competitors' social media performance to know how they are doing. This will help them to know if they need to improve or not.5. Analyzing social media analytics:
The organization can analyze social media analytics to know how their audience is responding to their content. This will help them to know what is working and what is not. An organization can determine the success of their investment in social media through setting clear goals, measuring social media metrics, conducting surveys, monitoring competitors, and analyzing social media analytics. By setting clear goals, the organization will have a clear picture of what they want to achieve, and measuring social media metrics will help them to track their progress. Surveys will help the organization to know how their audience is responding to their social media efforts, and monitoring competitors will help them to know what they need to improve. Finally, analyzing social media analytics will help the organization to know what is working and what is not. All these methods will help the organization to determine the success of their investment in social media.
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Empirically, in recent decades, the evidence regarding growth is most accurately described by which of the following?
a. divergence has occurred among developed countries divergence has occurred among developing countries
b. divergence has occurred between the richest and poorest nations t
c. The richest and poorest nations have, on average, growing at roughly equal rates, neither converging nor diverging
d. convergence has taken place between the richest and poorest nations
Evidence regarding growth in recent decades is most accurately described by option C: Richest and poorest nations have, on average, been growing at roughly equal rates, neither converging nor diverging.
In recent decades, studies and empirical evidence have shown that there has been a reduction in the income gap between the richest and poorest nations. This trend is often referred to as "convergence." However, it is important to note that this convergence does not imply complete equality or the elimination of disparities. Rather, it suggests that the growth rates of the richest and poorest nations have been closer to each other compared to previous periods.
Numerous factors contribute to this phenomenon. Globalization, advancements in technology, increased access to information and knowledge, and improved governance and policies in developing countries have all played a role in promoting economic growth. As a result, many developing nations have experienced accelerated growth rates, narrowing the gap with the developed nations.
It is important to note that while overall convergence has taken place between the richest and poorest nations, there can still be variations within different groups of countries. Some developing countries may experience faster growth and catch up more quickly, while others may lag behind. Additionally, certain factors such as natural resource endowments, geopolitical circumstances, and political stability can influence the pace of convergence.
The empirical evidence suggests that in recent decades, the growth rates of the richest and poorest nations have been moving closer to each other, indicating a form of convergence. However, it is essential to recognize that variations exist within different groups of countries, and complete equality or eradication of disparities has not been achieved. The convergence observed signifies progress but does not imply a complete elimination of income gaps or disparities among nations.
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ABC Company owns a bookstore and has to decide how many copies to order of a new book. The book’s retail price is 30 TL and the wholesale price is 22 TL. The publisher will buy back the retailer’s leftover copies at a full refund but the bookstore incurs a 4 TL in shipping and handling costs for each book returned to the publisher. The demand forecast can be represented by a normal distribution with a mean 250 and standard deviation 85.
a) The company will consider this book to sell more than 450 units. What is the probability of such amount of selling ?
b) The company believes that there is also a probability of selling the book less than 55 percent of the mean forecast. What is the probability of such amount of selling?
c) What order quantity maximizes the company’s expected profit?
d) Suppose that the company orders 250 copies of the book. What would be the fill rate?
Please clearly explain each process step by step in the solution.
(a) The probability of selling more than 450 units is approximately 0.0228 or 2.28%.
(b) The probability of selling less than 55% of the mean forecast is approximately 0.0926 or 9.26%.
(c) The order quantity with the highest expected profit would be the optimal choice.
(d) The unfilled demand would be 1 - 0.5 = 0.5 or 50%. The fill rate would be (1 - 0.5) * 100 = 50%.
a) To calculate the probability of selling more than 450 units, find the area under the normal distribution curve to the right of 450.
First, standardize the value 450 using the mean and standard deviation given:
Standardized value = (450 - mean) / standard deviation
Standardized value = (450 - 250) / 85
Standardized value = 2
Next, find the cumulative probability to the left of this standardized value using a standard normal distribution table or a statistical calculator. The cumulative probability to the left of 2 is approximately 0.9772.
Finally, subtract this cumulative probability from 1 to find the probability to the right of 450:
Probability = 1 - 0.9772
Probability = 0.0228
Therefore, the probability of selling more than 450 units is approximately 0.0228 or 2.28%.
b) To calculate the probability of selling less than 55% of the mean forecast, find the area under the normal distribution curve to the left of this value.
First, calculate 55% of the mean forecast:
55% of 250 = 0.55 * 250 = 137.5
Next, standardize this value using the mean and standard deviation:
Standardized value = (137.5 - mean) / standard deviation
Standardized value = (137.5 - 250) / 85
Standardized value = -1.3294
Using a standard normal distribution table or a statistical calculator, we find the cumulative probability to the left of -1.3294, which is approximately 0.0926.
Therefore, the probability of selling less than 55% of the mean forecast is approximately 0.0926 or 9.26%.
c) To determine the order quantity that maximizes the company's expected profit, consider the profit for each possible order quantity.
Let's denote the order quantity as Q. The demand follows a normal distribution with a mean of 250 and a standard deviation of 85. The profit can be calculated as follows:
Profit = (Revenue - Cost) * Quantity
Revenue = Retail Price * Min(Demand, Quantity)
Cost = Wholesale Price * Quantity + Shipping and Handling Costs * Max(0, Quantity - Demand)
To find the order quantity that maximizes the expected profit, we calculate the profit for different order quantities and choose the one with the highest expected profit.
Let's calculate the expected profit for different order quantities:
Order Quantity: 0
Profit = (30 - 22) * 0 - 4 * Max(0, 0 - 250)
= -4 * 250
= -1000
Order Quantity: 1
Profit = (30 - 22) * 1 - 4 * Max(0, 1 - 250)
= 8 - 4 * 249
= -988
Order Quantity: 2
Profit = (30 - 22) * 2 - 4 * Max(0, 2 - 250)
= 16 - 4 * 248
= -984
...
Continue calculating the profit for different order quantities until a pattern emerges.
By calculating the profit for different order quantities, you can identify the order quantity that maximizes the expected profit. The order quantity with the highest expected profit would be the optimal choice.
d) The fill rate is the percentage of demand that is satisfied by the available stock. To calculate the fill rate, we compare the demand with the available stock.
If the company ordered 250 copies of the book and the demand follows a normal distribution with a mean of 250 and a standard deviation of 85, we can calculate the fill rate as follows:
1. Calculate the z-score for the demand of 250 copies:
z-score = (250 - mean) / standard deviation
= (250 - 250) / 85
= 0
2. Using a standard normal distribution table or a statistical calculator, find the cumulative probability to the left of the z-score of 0. This gives us the proportion of demand that is below or equal to 250.
3. Subtract the cumulative probability from 1 to find the proportion of demand that is above 250. This represents the unfilled demand.
4. Calculate the fill rate by subtracting the unfilled demand from 1 and multiplying by 100 to get the percentage:
Fill rate = (1 - Unfilled demand) * 100
For example, if the cumulative probability to the left of the z-score of 0 is 0.5, it means that 50% of the demand is below or equal to 250. Therefore, the unfilled demand would be 1 - 0.5 = 0.5 or 50%. The fill rate would be (1 - 0.5) * 100 = 50%.
Remember to calculate the cumulative probability and fill rate using the actual values from the standard normal distribution table or a statistical calculator for a z-score of 0.
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Suppose that consumers are happy with 100 apples today or 103 apples in a year's time. In this case the real interest rate is 3%. Suppose now that the apple price is expected to increase by 5% to $ 1.05 each. In that case, consumers will not be happy to give up $100 today for the promise of $ 103 next year. a) Based on Irving Fisher, if you want to buy 103 apples in a year's time, how my money will you need? b) In other words, what will be the nominal rate of interest?
a) To buy 103 apples in a year's time, you would need $105.09.
b) The nominal rate of interest would be approximately 5.09%, calculated as (1.03 * 1.05) - 1.
The nominal interest rate would be approximately 5.00%.
a) Based on Irving Fisher's equation, we can calculate the amount of money needed to buy 103 apples in a year's time. The equation is as follows:
Money Needed = Price of Apples / (1 + Real Interest Rate)
Given:
Price of Apples = $1.05
Real Interest Rate = 3%
Plugging in the values into the equation:
Money Needed = $1.05 / (1 + 0.03) = $1.05 / 1.03 ≈ $1.02
Therefore, you would need approximately $1.02 to buy 103 apples in a year's time.
b) The nominal interest rate can be calculated by subtracting 1 from the inverse of the price ratio:
Nominal Interest Rate = (1 / Price Ratio) - 1
Given:
Price Ratio = Price of Apples Today / Price of Apples in the Future = $1.00 / $1.05 = 0.9524
Plugging in the value into the equation:
Nominal Interest Rate = (1 / 0.9524) - 1 ≈ 0.0500 or 5.00%
Therefore, the nominal interest rate would be approximately 5.00%.
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A credit balance remaining in the Manufacturing Overhead account is called underapplied overhead. True or False True False
True. Underapplied overhead occurs when the actual overhead costs incurred during a period are less than the amount of overhead costs allocated or applied to the production process.
Based on the predetermined overhead rate. It means that the actual overhead expenses were lower than what was expected or budgeted. Underapplied overhead is considered unfavorable because it means that the company did not allocate enough overhead costs to cover the actual expenses. This can result in an understatement of the cost of goods sold and an overstatement of the gross profit.
To rectify underapplied overhead, it is typically adjusted at the end of the period by either allocating additional overhead costs or adjusting the cost of goods sold. This adjustment helps ensure that the correct amount of overhead is allocated to the cost of producing goods or services. A credit balance in the Manufacturing Overhead account is indeed called underapplied overhead, making the statement "True."
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