For the four basic configurations that follow, assume that the market is demanding product that must be processed by both Resource X and Resource Y for Cases I, II, and III. For Case IV, both resources supply separate but dependent markets; that is, the number of units of output from both X and Y must be equal. Plans are being made to produce a product that requires 38 minutes on Resource X and 28 minutes on Resource Y. Assume that there is only one of each of these resources and that market demand is 1,500 units per month. Case I Case II X Y Market Y X Market Case III Case IV Market Market Market Market Assembly a. How many hours of production time would you schedule for X and Y, assuming unlimited storage? Resources X (hours) Y (hours) Casel Case II Case III Case IV b. What would happen if Y is also scheduled for the same production hours of X? Case 1 Case II Case III Case IV

Answers

Answer 1

If there is only one of each of these resources and that market demand is 1,500 units per month then:

(A)

Case 1:

Hours to be scheduled = Number of units required x Required time on resource

Hence, for X, Hours to be scheduled = 1200 x 32  = 38,400 minutes = 38400 / 60 = 640 hours

For Y, Hours to be scheduled = 1200 x 22 = 26,400 minutes = 440 hours

CASE 2:

A similar time as CASE 1 will be required:

Hence,

For Y, Hours to be scheduled = 1200 x 22 = 26,400 minutes = 440 hours

For X, Hours to be scheduled = 1200 x 32  = 38,400 minutes = 38400 / 60 = 640 hours

CASE 3:

X and Y will be produced in parallel and will be assembled, Hence,

Time scheduled for X = 1200 x 32 / 60 = 640 hours

Time Scheduled for Y = 1200 x 22 / 60 = 440 Hours

Case 4:

Both products are sent to the market separately. However, The time scheduled for both of them will be the same in this case also:

Time scheduled for X = 1200 x 32 / 60 = 640 hours

Time Scheduled for Y = 1200 x 22 / 60 = 440 Hours

(B)

When Y is resourced with the same number of hours as X,

Units of X produced = 640 x 60 / 32 = 1200 units

Units of Y produced = 640 x 60 / 22 = 1745.45 units = 1745 units

CASE 1: There will be no change except additional units of Y will be added to the inventory.

CASE 2: Work in process Inventory between X and Y will increase as Y takes Less time. X will be the bottleneck.

CASE 3: As the process is being performed in Parallel, the number of tools or machines required will increase which is a major constraint. Also, work in process inventory between Y and Assembly will be encountered.

CASE 4: It will increase productivity and an increase in the number of finished goods will be encountered. However, the number of tools required will be more because X and Y are being produced in Parallel.

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Related Questions

Garnett, Inc. has a required rate of return on new projects of 12%. The Western division of Garnett is currently earning a combined return on investment (ROI) of 14.5% on the projects in its division. The manager of the Western division is considering a project that is projected to earn 13.25%. Which of the following statements regarding the manager's decision are correct?

Answers

The statements regarding the manager's decision that are correct include:

The manager may decide to reject because it will lower the current ROI earned by his divisionRejecting the project would be an example of the manager sacrificing the objectives of the overall company in order to improve his segment

What is correct about the manager's decision?

According to the prompt, the manager of the Western division of Garnett Incorporated might weigh up the expected rates of return in the new business venture. Since it is not very lucrative for him, the manager might decide to reject the business opportunity because it will reduce his current return on investment from 14.5% to 13.25%.

It is also vital to note that if this manager rejects the project, then he will be sacrificing the objectives of the company, that is a 12% rate of return on a new project for the objectives of his own division of the company. So, the two statements above describe the facts about the manager's decision.

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What's considered a developing country?.

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Between industrialized and developing nations, there are substantial social and economic contrasts. The lengthy history of the development of these countries is at the base of many of the underlying causes of these variations, which also include international relations, geographical considerations, social, cultural, and economic aspects, as well as historical and political components.

A country is considered to be developing if it has a moderate to low Human Development Index, an underdeveloped industrial base, and a relatively poor quality of life (HDI). This index provides a global comparison of poverty, illiteracy, education, life expectancy, and other aspects.

Modern infrastructure (both institutional and physical) is necessary for development, as is a shift away from low-value-added industries like agriculture and resource exploitation. Economic systems in developed nations are often predicated on constant, self-sustaining economic development and high levels of life.

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What caused the savings and loan crisis of the 1980s?.

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The two main factors responsible for the savings and loan crisis were the Interest Rates and Inflation Rates.

During the savings and loan crisis of the 1980s, there were several repercussions. The crisis was based upon two factors which are the Interest Rates and the Inflation Rates in the country. During this period, the interest and inflation rates both rose drastically.

The hike in both the interest and inflation rates was due to the financial crisis. It focused on the savings and loans industry. This created a tough situation in the financial sector. Due to this the risk factor increased in the S&L sector.

Hence, Interest Rates and Inflation Rates were responsible.

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Some bonds issued by the u. S. Treasury are inflation protected, meaning that what the bond pays at maturity and the regular interest payments are adjusted for changes in the cpi. You can think of the interest rate on an inflation-protected bond as a real interest rate, while the interest rate on a bond that is not inflation-protected is a nominal rate. If investors expect inflation, which type of bond should have a higher interest rate?.

Answers

The interest rate on long-term bonds should be higher if investors anticipate inflation.

Which bonds should I buy if inflation is high?

The top TIPS and commodities funds for rising inflation are listed below:

The index VTAPX stands for Vanguard Short-Term Inflation-Protected Securities.Short-Term Inflation-Protected Securities ETF by Vanguard (VTIP).U.S. TIPS ETF by Schwab SCHP.Commodity Real Return Strategy of Pimco PCRAX.

What transpires to bonds as anticipated inflation rises?

Future cash flows from a bond lose some of their buying power due to inflation. Bonds are typically fixed-rate investments. The return on a bond is decreased in real terms, or when inflation is taken into account, if inflation is increasing (or prices are rising).

How do bond interest rates respond to inflation?

When inflation results in higher interest rates, fixed-income assets may suffer. Typically, it does. Inflation objectives are often set by central banks like the U.S. Federal Reserve, and when inflation rises above the targeted level, interest rates are increased to bring it under control.

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The currency trading market is close to being a perfectly competitive market. However, currency trading markets may not be competitive because?.

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However, currency trading markets may not be competitive because if fitness trackers become less popular demand will decrease. The foreign exchange market, often known as the currency trading market, is where foreign currencies are traded in India.

On platforms provided by exchanges including the NSE, Bombay Stock Exchange (BSE), MCX-SX, and United Stock Exchange, currency futures are traded (USE). The currency market is open from 9:00 am to 5:00 pm. Participants from all over the world purchase and sell different currencies on the global currency market. Banks, corporations, demand central banks, investment management companies, hedge funds, small-time forex brokers, and individuals are among the participants.

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What 3 shoe companies are mentioned as having sponsor deals? how many countries does each sponsor?.

Answers

Answer:

1. Nike

Explanation:

The types of sponsorship in sports are classified into four categories: individual sponsorship, team sponsorship, association sponsorship and event sponsorship.

the choice of a particular international strategy is driven by two factors, one of which is the source of value creation and the other is

Answers

The choice of a particular international strategy is driven by two factors, one of which is the source of value creation, and the other is the pressure for value chain efficiency.

A roaring international strategy focuses on one purpose of operation whereas exportation product and services round the world.

A firm's competitive strategy inside a given business space is examined staring at 2 factors: the creation of the competitive advantage and therefore the protection. Competitive advantage relies on lower production prices and/or quality of market issue differentiation between one country or business and another.

There are unit 2 main varieties of differentiation ways that a business might carry out: a broad differentiation strategy and a centered differentiation strategy.

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a temporary law that congress passes when an appropriations bill has not been decided by the beginning of the fiscal year is a(n)

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Bill for appropriations. a piece of legislation passed by Congress that actually provides funding for programs within the bounds of authorization bills.

Most of the time, appropriations cover a year. bill for authorization. a piece of legislation passed by Congress that initiates, maintains, or alters a discretionary government program or entitlement.

What is the course of apportionment?

Every fiscal year, which begins on October 1 and ends on September 30, the president presents a budget to Congress for the federal government. The following step is for Congress to pass appropriations bills in order to allocate funds for that year's government programs.

Which three kinds of appropriations are there?

Regular appropriations bills, continuing resolutions, and supplemental appropriations bills are the three types of appropriations measures.

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An es for stock investment is developed and licensed for $1,000 per year. The system can help identify the most undervalued securities on the market and the best timing for buying and selling the securities. Will you order a copy as your investment adviser? explain why or why not

Answers

Investing may be a tried and true means of swinging your cash to figure for you, as you're employed to earn a lot of it. Legendary capitalist Warren Buffett outlined investment as “forgoing consumption currently so as to own the power to consume a lot of at a later date.”

By investing your cash frequently, you will be able to increase it repeatedly over time. that is why it is vital to start an investment as early as attainable and as before long as you've got some cash saved for that purpose. what is more, the stock exchange may be a smart place to begin.

Investing may be a commitment of resources currently toward a future money goal. There square measure several levels of risk, with sure plus categories and investment merchandise inherently a lot riskier than others. All finance comes with a point of risk

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michelin tires is having a promotion wherein if you purchase 4 tires at full price, you can send in your receipt + provide additional information and receive a check in 4-6 weeks. this represents what promotional tool?

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This promotional tool is called a rebate.

What is rebate?
A rebate is a special kind of purchasing discount that refers to a sum that is retroactively reduced, returned, or refunded. Marketers typically use this kind of sales promotion as incentives or add-ons to product sales. Rebates can also be used to entice price-conscious customers to buy a product. The most typical is the mail-in rebate (MIR). Depending on the specific product, the time, and frequently the location of the purchase, a MIR entitles this same buyer to mail inside a coupon, receipt, as well as barcode in addition to receiving a check for a specific amount. Either as the retailer or even the product manufacturer provides rebates.

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How does price discrimination move a market that is not perfectly competitive to an efficient output level?.

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With the exception of perfect competition, all market structures have the possibility for pricing discrimination. Whenever a company encounters a downward-sloping demand curve.

What is price discrimination?

When the same provider sells the same or substantially equivalent items or services in different marketplaces at different prices, this is known as price discrimination in microeconomics. The ability to differentiate prices mostly depends on the variability of customers' willingness to pay and the elasticity of their demand. A company needs to have market power—such as a dominant market share, a distinctive product, exclusive pricing authority, etc.—for price discrimination to be successful. All prices that are subject to price discrimination are higher than the equilibrium price in a market with perfect competition. However, certain prices subject to price discrimination may be less than those set by monopolists who charge a single price.

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if subunit a relies on subunit b located in a different country to complete its work, but subunit b fails to do its job and as a result both subunits fail, it demonstrates the idea of performance

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If both subunits fail it demonstrates the idea of performance ambiguity.

What three things make up an organization's structure?

The three elements of an organizational structure are departmentalization, delegation, and job descriptions. Delegation is a tool used in organisational structures to grant someone power to help manage the performance of a specific activity.

What three types of change management are there?

Developmental, transitional, and transformational change management are the three categories of guided change management. In order to increase involvement, lower resistance, and facilitate acceptance, various types of change call for various techniques and plans.

What is an example of a change management process?

putting a new technology into practise. purchases and mergers. a shift in the leadership. Organizational culture change.

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Nonprofit organizations provide an especially attractive option for government when considering a partnership or contract. This is due to _____.

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Nonprofit organizations provide an especially attractive option for the government when considering a partnership or contract. This is due to democracies.

A non-income company is a set that changed into mounted with the aim of creating a profit, and wherein no part of the corporation's revenue is given to its directors, officials, or participants. The crimson move, United Way, and Habitat for Humanity are some famous charities. there are many one-of-a-kind sorts of no longer-for-earnings companies, however, 501 is the maximum traditional. at the same time as not-for-profits do no longer perform with the intention of creating a profit and any profits.

A non-earnings business enterprise is a group prepared for functions aside from generating income and wherein no part of the organization's income is sent to its contributors, directors, or officials. a few well-known non-earnings companies include Habitat for Humanity, purple pass, and United Way. there are numerous sorts of now not-for-income groups, however, the most commonplace is a 501(c)three.

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which is a screen against adverse selection: group of answer choices insurance companies require homeowners to have smoke detectors rearview cameras in cars installing engine monitors to track driving habits of the insured prospective secretaries must take a typing test before being hired

Answers

A process of screening test against adverse selection among given options appropriately describe when the prospective secretaries shall take a typing test before hiring. Option D is correct.

What do you mean by screening test?

Screening is a technique used to counter adverse selection by removing erroneous information and keeping just the correct information, . Screening is employed in modern marketplaces when the products being introduced are more complicated than the average consumer can understand.

For instance, race car drivers pay higher premiums for life insurance. Customers of a car insurance firm that reside in high-crime zones pay more.

Therefore, typing test is best practice as screening of candidature.

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What are 3 examples of a financial goal?.

Answers

Retirement planning, saving money for a world tour, or owning a luxury car are the things that can be regarded as the ideal examples of a financial goal of an individual.

Financial goals can be referred to or considered as the goals that are directly attached to the financial conditions of an individual. It is not wrong to say that the financial goals are subjective concepts, i.e., they may have a change from person-to-person. Each financial goal may not have exact value, but has a monetary measurement.

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Cotton Hotel Corporation recently purchased Emporia Hotel and the land on which it is located with the plan to tear down the Emporia Hotel and build a new luxury hotel on the site. The cost of the Emporia Hotel should be A) depreciated over the period from acquisition to the date the hotel is scheduled to be torn down B) capitalized as part of the cost of the land. C) capitalized as part of the cost of the new hotel. D) written off as an extraordinary loss in the year the hotel is torn down.

Answers

The cost of the Emporia Hotel should be capitalized as part of the cost of the land (B).

Cotton Hotel Corp. decides to purchase Emporia Hotel and its land with the plan to tear down the Emporia Hotel and build a new luxury hotel on the site.

This purchasing activity should be recorded as a capital in the cost of the land. On accounting, all costs related to the acquisition of a property should be recorder as the cost of land.

Let's take an overview to other options:

Option A: Depreciated over the period from acquisition

Depreciation is the value of a fixed-asset loss over time because of it being used or stored. In this case, the purhcase of the Emporia Hotel should not be recorded as depreciation cost because the Emporia Hotel is just bought by Cotton Hotel Corp.

Option C: Capitalized as part of the cost of the new hotel

This capitalization of asset could be recorded for the renovation and rebuilding process. Because at this stage, the land acquisition process is already finish before the new hotel is started to build.

Option D: Written off as an extraordinary loss

Written off account should be recorded by the Emporia Hotel instead of Cotton Hotel Corp. Every activities and cost spend in preparing the land acquisition until the land is ready to be used should be recorded as the cost of land.

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trish invested $100,000 in an annuity contract. years later, she annuitized the contract. the insurance company agreed to pay her $1,666.67 per month for 20 years. how much of each payment is taxable?

Answers

There are $1250.00 for each payment is taxable.

Solution:

100,000/400,000 = 25% exclusion ratio

1 - 0.25 = 0.75 inclusion x $1,666.67 = $1,250

Federal law requires individuals to report cash transactions over $10,000 to the IRS. The eligibility and rules for filing a tax return depend on your income filing status, dependent status age, and whether you are visually impaired. The 30% rule applies to workers recruited from outside the Netherlands to work here temporarily.

The IRS probably already knows about many of your financial accounts and the IRS can get information on the amounts. But the reality is that the IRS rarely digs deep into your bank and financial accounts. A letter from the person giving the money especially if it's a down payment gift explaining why.

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ariel deposits $5,000 in joe's bank, and the reserve ratio is 10%. joe's bank then loans out the maximum amount possible. the total amount of the deposit and subsequent loan included in the money supply is $ (not including any more loans made from deposits coming from the original loan).

Answers

Answer:

9,500

Explanation:

do some math bro

Note that common activities are listed toward the top, and less common activities are listed toward the bottom. according to o*net, what are common work activities performed by special education teachers? check all that apply. establishing and maintaining interpersonal relationships operating vehicles, mechanized devices, or equipment documenting/recording information evaluating information to determine compliance with standards communicating with supervisors, peers, or subordinates repairing and maintaining equipment

Answers

Equipment documenting/recording information are common work activities performed by special education teachers.

Create lesson plans to train college students subjects, which includes reading, science, and math. Teach college students the way to have interaction with others. Observe college students to assess their abilities, strengths, and weaknesses in manager.

Duties might also additionally encompass tilling soil and making use of fertilizers; transplanting, weeding, thinning, or pruning crops; making use of pesticides; or cleaning, grading, sorting, packing, and loading harvested products. May assemble trellises, restore fences and farm buildings, or take part in irrigation activities.

Postsecondary training directors help college students with a whole lot of tasks, which includes registering for lessons and finishing admissions applications. Postsecondary training directors oversee pupil services, academics, and college studies at faculties and universities. Working nicely in groups to fulfill the huge desires of college students with disabilities.

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the fox polulation in a certain region has an annual growth rate of 9 percent per year. it is estimated that the population at the beginning of the year 2000 was 9800. (a) find a function that models the population t years after the start of 2000.

Answers

Population is the complete wide variety of human beings or population in a rustic or region. : the overall of people occupying a place or making up a complete.

The required details for Population in given paragraph

P(t) = 9800(1.06)^t

P(8) = 15620

For growth the equation is

y = ab^x  where a is the initial value, b = 1 plus the growth percentage, and x is the number of years

P(t) = 9800 (1+.06) ^t

P(t) = 9800(1.06)^t

from 2000 to 2008 is 8 years

P(8) = 9800(1.06)^8

15619.71113040224768

We can only have whole foxes

P(8) = 15620

Population usually refers back to the wide variety of human beings in a unmarried area, whether or not it's a city or town, region, country, continent, or the world. Governments usually quantify the scale of the resident populace inside their jurisdiction the use of a census, a procedure of collecting, analyzing, compiling, and publishing facts concerning a populace.

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a sample of 14 small bags of the same brand of candies was selected. assume that the population distribution of bag weights is normal. the weight of each bag was then recorded. the mean weight was 3 ounces with a standard deviation of 0.12 ounces. the population standard deviation is known to be 0.1 ounce.

Answers

The population standard deviation, denoted by sigma, is the standard deviation of the entire population.

The sample mean is denoted by x bar and the standard deviation by sx, and it is the sample mean and standard deviation, not the mean and standard deviation of the population from which the sample was drawn.

The information provided in the problem answers the first part.

The sample's mean weight, written by x bar x, was two ounces, with a standard deviation of 0.12 ounces shown by sx.

The population standard deviation, known to be 0.1 ounce, is represented by:

a. i. x ¯ =___2_____ ii. σ =___0.1_____ iii. sx =___0.12_____

i) 1.959 ; 2.041

iii)0.041

Sub Part i) 1.935 : 2.065

Sub Part iii) 0.0645

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in the context of development of safety critical systems, if an undesirable event has a ten percent probability of occurring and a potential cost of $50,000, then the risk can be calculated as which of the following?

Answers

The risk will be of $5000.

What is the risk?

An organization's ability to create profits at the desired levels is threatened by hazards, which can also pose a long-term threat to the sustainability of the organization.

Weighing all potential outcomes and being prepared to develop (and carry out) a solution, however challenging, in the event of the worst-case scenario Bad risk: Considering all the costs and failing to develop a workable plan of action in the event that the worst-case scenario occurs.

The process of identifying, evaluating, and controlling risks to your company's financial stability is referred to as risk management.

So, the risk will be:

Profitability is 10%.

The cost is $50,000.

Now, the risk will be:

50,000/100 × 10

500 × 10

$5000

Therefore, the risk will be of $5000.

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Which of the following is the first step in preparing the statement of cash flows?
a) Determine the net cash flow from operating activities.
b) Determine the net income.
c) Determine the cash flow from investing activities.
d) Determine the change in cash.

Answers

We start by publishing the net income from the income statement in order to create the cash flow statement. For the purpose of estimating the cash flows from operating operations, this sum is modified to account for non-cash costs and changes in the company's working capital. Therefore, option (B) is appropriate.

What is net income?

Net income, also known as total comprehensive income, net income, net profit, bottom line, sales profit, or credit sales, in the context of business and accounting refers to an entity's income less cost of goods sold, costs, depreciation and amortization, interests, and taxes for a certain accounting period.

It is calculated as the sum of all revenues, profits, and losses during the period less all expenses, losses, and gains. It has also been described as the net growth in shareholders' equity as a result of a company's operations. It's not the same as gross income, which solely deducts the cost of the things sold from revenue.

Hence, option (B) is accurate.

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What is the purchasing of goods and services to meet the needs of the supply chain?.

Answers

The purchasing of goods and services to meet the needs of the supply chain. The procurement process is a key supply chain strategy because the capability to purchase input materials at the right price is directly correlated to the company's ability to operate.

Company guidelines and frequently centralized controls from the accounts payable (AP) division of accounting will govern the purchase process. The preparation and processing of a demand as well as the final receipt and approval of payment are all included in the procurement process.

This can encompass a wide range of activities, including supplier research and selection, standard setting, price negotiating, and inventory control. As a result, for successful procurement, many major firms may need assistance from a few different corporate departments.

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the profit-maximizing monopolist would earn total revenues of group of answer choices $90. $144. $207. $225. $240.

Answers

The profit-maximizing monopolist would earn total revenues of 207$ among the group of choices.

A monopolist is a who or what?

A monopolist is a person, organization, or company that dominates and controls the market for a specific good or service. The monopolist has the power to set high prices because there are no substitute goods or services or competitors.

What exactly does a business monopolist do?

There is little to no competition and consumers are compelled to purchase the specific good or service from the one company when one business and its product dominate an entire industry.

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a company's profit margin per unit sold equals: total revenue minus total cost. price minus average cost. average cost minus price. total cost minus total revenue.

Answers

Profit margin is one of the normally used profitability ratios to gauge the diploma to which a business enterprise or a commercial enterprise hobby makes money.

The required details for Profit margin in given paragraph

Production quantity is identical to income quantity. In multi-product companies, the income blend is constant. All charges may be labeled as both constant or variable. It represents how many of income has was profits. Simply put, the share discern shows what number of cents of income the commercial enterprise has generated for every greenback of sale. For instance, if a commercial enterprise reviews that it finished a 35% income margin over the past quarter, it manner that it had a internet earnings of $0.35 for every greenback of income generated.

There are numerous varieties of income margin. In normal use, however, it normally refers to internet income margin, a business enterprise’s backside line in spite of everything different expenses, such as taxes and one-off oddities, were taken out of revenue.

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Assume that the market for soybeans is purely competitive. Currently, firms growing soybeans are experiencing economic profits. In the long run, we can expect:
New firms to enter causing the market price of soybeans to fall

Answers

The entry of a large number of new firms causes the market supply curve to shift to the right. As the supply curve shifts to the right, market prices begin to fall, and economic profits for both new and existing firms fall. Entry will continue to shift supply to the right as long as there are profits in the market.

How New Entrants Affect market price ?

When a new company enters your market, the variables that influence your company's performance change, and you must react to maintain your position. How the new company overcomes existing entry barriers can guide your strategic response to the new situation. As the market changes, you must consider the strengths of the new entrant when developing a strategy to retain your customers.

When a new buyer enters a market, suppliers can often raise prices due to increased demand. To offer the same types of products in the market, the new entrant requires the same materials and components that you do.You can keep your pricing structure and compete on quality and unique features if you can lock in your supplier costs with long-term contracts while the suppliers charge the new entrant higher prices. If your suppliers raise their prices, you can reduce your inventory and look for alternatives for the most expensive items.

The introduction of a new competitor into a market tends to lower market prices. When more companies compete for the same market share, customers prefer those with lower prices, and the overall price level falls. You can compete on price if you have inherent cost advantages due to factors such as location, product design, or low labor costs.

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Can a fixed mortgage rate increase?.

Answers

A fixed mortgage rate increase A constant-price loan is a domestic mortgage alternative with a particular hobby price for the complete time period of the mortgage.

Essentially, the hobby price at the loan will now no longer extrude over the life of the mortgage and the borrower's hobby and important bills will stay the equal every month. Even if you have got a constant-price loan, your loan fee can boom if the price of assets taxes and coverage rise, and they may be protected on your month-to-month housing fee.

A 30-12 months constant price loan is the maximum not unusualplace loan mortgage alternative. It has a compensation duration of 30 years. The hobby price on a 30-12 months constant loan does now no longer extrade in the course of the lifestyles of the mortgage.

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assume that the economy is in long-run equilibrium. a shift in the aggregate demand curve will change

Answers

Only price level will fluctuate over time as a result of a movement in the overall demand curve.

Why do demand curves exist?

The connection between the cost of an item and product and the number demanded over a specific time period is represented graphically by the demand curve. The price and quantity demanded are often represented with the price on the left y axis and the horizontal axis, respectively.

The demand curve: Why is it significant?

When companies decide on prices, the demand curve may be a useful tool. This is so that the demand curve may display the price at which consumer response begins to decline and the price at which demand is highest.

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What is the primary goal of the central bank?.

Answers

Central banks play an important role in monetary policy by aiming for price stability and assisting in the management of economic fluctuations.

What are the functions of central bank?The primary goal of central banks is to offer price stability for their countries' currencies by controlling inflation. A central bank is also the sole provider and printer of notes and coins in circulation, as well as the regulatory authority over a country's monetary policy.A central bank's primary functions are as follows: Controlling the money supply. Managing a country's foreign exchange and gold reserves. Managing the cost and availability of credit.There are 12 Federal Reserve Banks, each of which is in charge of the member banks in its district. Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco are among them.

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