Answer: $3.40
Explanation:
Based on the information given in the question, the materials cost per unit will be calculated thus:
First, we'll calculate the completed units which will be:
= 18500 - 1400
= 17100
Ending inventory = 1400 units
Equivalent Production Unit with respect to Material = (17100 x 100%) + (1400 x 100%)
= 18500 Units
Material Cost Per Unit will be:
= Total Material Cost / Equivalent Production Unit
= $62900 / 18500
= $3.40 per unit
The material cost per unit is $3.40
At Just Right Thermostats, managers and workers share responsibilities, managers stress employee participation in all aspects of company decision making, and employment is long term. What theory of management does Just Right Thermostats follow
A(n) __________ opening involves actually providing a demonstration of a good or service as soon as a salesperson meets the prospect.
Answer:
Product
Explanation:
Four A's of Selling Process
1. Acknowledge
2. Acquire
3. Advise and
4. Assure
The vital elements of the sales entails
making a good impression, identifying or reiterating needs, offering the solution to the buyer's needs, and lastly credibility and trust.
Opening
This is simply done in order to get the attention and interest of potential customers quickly and thereby making a smooth transition into the next phase.
Types of Openings: They includes;
Complimentary, Referral Approach, Premium Approach, Product Approach, Showmanship Approach, Benefit Approach, Question/Opinion Approach, Shock Approach and Probe (SPIN) Approach.
Randa is trying to lower the vacancy rates for the commercial property she manages because her revenue targets will increase by 8% over the next year. What type of budget contains this revenue detail?
Answer:
Operating budget
Explanation:
An operating budget is a detailed projection where the company expected its revenue and expenses for a period of time. It is to be prepared at the closing of the year to represent the expected level of the activity during the following year
So as per the given situation, it is the operating budget that contains the revenue details
1. Most financial crises in the United States have begun with A. a steep stock market decline. B. an increase in uncertainty resulting from the failure of a major firm. C. a steep decline in interest rates. D. all of the above. E. only A and B of the above.
Answer:
d
Explanation:
____ is a customer's subjective assessment of benefits relative to costs in determining the worth of a product.
Answer:
Value
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
According to the economist Philip Kotler in his book titled "Marketing management" he stated that, there are five (5) levels of a product. This includes;
1. Core benefit.
2. Generic product.
3. Expected product.
4. Augmented product.
5. Potential product.
The core benefit of a product can be defined as the basic (fundamental) wants or needs that is being satisfied, met and taken care of when a customer purchase a product.
In Economics, value is a subjective assessment of benefits by a customer with respect to costs in determining the worth of a product.
For example, a hotel provides a comfortable and convenient bed to spend the night (sleep) when you travel for a vacation at a price.
The United States passed the Foreign Corrupt Practices Act in response to _______ issues between U.S. companies and foreign countries.
Answer:
Bribery
Explanation:
The FCPA(foreign corrupt practices act) Is a US law that was passed in 1977 to tackle bribery and corruption among corporations that pay foreign officials and other foreign companies or institutions for business contracts, or to expedite legal processes. It was popular in the 1970s and was even filed as part of expenses in the financial statements by US corporations.
According to the assumptions of the quantity theory of money, if the money supply increases 5 percent, then a. the price level would be unchanged and real GDP would rise by 5 percent. b. the price level would rise by 5 percent and real GDP would be unchanged. c. both the price level and real GDP would rise by 5 percent. d. both the price level and real GDP would be unchanged.
Answer:
C
Explanation:
Quantity theory of money : money supply x velocity = price x output
money supply x velocity = nominal GDP
It is assumed that velocity is constant. So, if money supply increases, both the price level and real GDP would rise by 5 percent
and ends at (240,250). There is a blue downward sloping line that starts at (70,250) and ends at (240,150).) What sales price should you select to meet the equilibrium price for the lawn mower?
Answer:
$190
Explanation:
The equilibrium price of the lawnmower can be deduced from the graph ; it is the point of intersection of the orange and blue line ; which is the intersection point if the supply and demand line. The price axis is located on the vertical y-axis. This intersection point when traced to the left of the graph gives the equilibrium price. Hence, the equilibrium price as obtained from the graph is about $190
What is an approach for service firms trying to accelerate the creation of their own expert performers
Answer:
Encourage novice and expert interaction.
Explanation:
The apparent approach for service firms trying to accelerate the creation of their expert performers is to "Encourage novice and expert interaction."
This is because as both the novice and expert interact often or on daily basis, the novice quickly learns from the experts, both in terms of thinking, solving situational problems, applying a methodical approach, and following the conduct of the experts seamlessly.
Hence, the novice rapidly develops into an expert performer within a very short possible amount of time.
A train traveling from State A to State B went off the tracks in State C, causing the death of 90 passengers on the train. The relatives of many of the deceased passengers filed a wrongful death action against the train company in the federal district court for State C seeking $100,000,000 in damages. The relatives currently are citizens of 15 states, including one who is a citizen of State D. Approximately 35 percent of all the relatives of deceased passengers are citizens of State A, more than any other state. The train company is incorporated and has its principal place of business in State D. The company operates trains in 46 states. Does the court have diversity jurisdiction to hear this claim
Answer: Yes, because more than 75 individuals died in a single accident, at least one plaintiff is not a citizen of State D, and the defendant resides in a state other than State C.
Explanation:
It should be noted that according to the Multiparty, Multiforum Trial Jurisdiction Act of 2002, in.a case whereby there's a civil action from a single accident, such that at least 75 people died in an accident, only one plaintiff is required to be of diverse citizenship in order for the court to have diversity jurisdiction.
From the question, 90 people died which even exceeded the required 75 people. Also, at least one plaintiff is not a citizen of State D. Lastly, the defendant lives in a state other than State C.
A ________ is purposeful, specifying what an organization wants to accomplish in the larger environment. Group of answer choices
Answer:
Mission statement.
Explanation:
A company's mission statement is an essential part of business, and must be well defined and precise, as it is in the company's mission that its identity is contained, that is, who the company is and what is the purpose of its existence, for that it is recognized as an institution with well-founded objectives.
The mission will guide the business as a fundamental premise of how the company operates in the market and how employees should conduct themselves to achieve their objectives and goals.
Memorial Hospital CEO conducts performance reviews of the hospital's departments and discovered that the average cost of deliveries ($5,000) was above their average revenue, and that the hospital was losing $700 on each delivery. From the information on how much the hospital is losing on deliveries, what is the change in profit for each extra delivery
Answer:
Memorial Hospital
From the information on how much the hospital is losing on deliveries, the change in profit for each extra delivery is:
= 16.3%.
Explanation:
a) Data and Calculations:
Average cost of deliveries = $5,000
Average revenue per delivery = $4,300 ($5,000 - $700)
Loss on each delivery = $700
The change in profit for each extra delivery is
= 16.3% ($700/$4,300 * 100)
b) The implication of the above information is that the hospital is losing 16.3% each time it performs a delivery because it cost it $5,000 while it can only receive $4,300 from each patient delivered.
What type of loan uses real estate for security?
A point of sale
A line of credit
. A disclaimer (it’s not disclaimer)
A second mortgage
Answer:
A second mortgage loan uses real estate for security
Define what liquidity means by completing the following sentence. Liquidity refers to an asset which can be readily used to pay for current
Answer:
Liabilities
Explanation:
'Liquidity' is described as the 'asset's property of being able to be sold without affecting its value or the degree to which it can be easily converted into cash.' If the liquidity ratio of a company is high, then its ability to pay off its current liabilities is high as well. Therefore, the company can pay off the debtors with immediate effect and thus, it would be able to meet its short-term financial commitments. This is the key reason for people's high investments in the companies having a higher liquidity ratio as they analyze the debt paying capability of the company first.
Jordan, a senior salesperson for a steel firm, plans to get a huge investment from the owner of an automaker. He begins his sales presentation by saying to the owner, "Congratulations on being awarded the 'Innovative Automaker of the Year.' It is great to work with one of the pioneers in the automobile industry." Jordan is using a(n) __________ opening in this scenario
Answer:
compliment
Explanation:
Compliment is defined as a positive assessment of a person or a situation that is expressed in spoken medium.
It can be used in the middle of a conversation to smoothen the interaction or it can be used at the beginning of a conversation.
In the given instance where Jordan begins his sales presentation by saying to the owner, "Congratulations on being awarded the 'Innovative Automaker of the Year.' It is great to work with one of the pioneers in the automobile industry." He is using a compliment to begin his speech
If denied a loan, which of the following changes to your application process will not increase your chances of approval when you re-apply? a. Apply for a larger loan amount. b. Increase your gross monthly income. c. Have a cosigner apply for the loan with you. d. Eliminate some of your debt before you re-apply. Please select the best answer from the choices provided A
Answer:
a. Apply for a larger loan amount.
Explanation:
In the case when the loan is re-applied after rejecting so if we applying for a larger loan should be rejected even quickly. As if the financial insitution found that the smaller amount loan is been rejected so application made for larger amount of loan should not be helped out for approve. Also there is proper tracking of loans with regard to the customer names
Hence, the option a is correct
Answer:
Apply for a larger loan
Explanation:
edge and quizlet 2021
9. A necessary condition for international portfolio diversification to be beneficial is that: a. The various national market returns exhibit low correlation. b. The various national market returns exhibit high correlation. c. The various national market returns are perfectly positively correlated. d. The various national market returns exhibit correlations that are non-unity. e. The various national market returns are perfectly negatively correlated.
Answer:
A
Explanation:
International portfolio diversification is the process by which an investor diversifies her portfolio by holding both domestic and foreign assets in her portfolio. The aim of this strategy is to reduce the risk of the portfolio.
Correlation is a statistical measure used to measure the relationship that exists between two variables.
1. Positive correlation : it mean that the two variables move in the same direction. If one variable increases, the other variable also increases.
For example, there should be a positive correlation between quantity supplied and price
When there is a positive correlation, the graph of the variables is upward sloping
2. Negative correlation : it mean that the two variables move in different direction. If one variable increases, the other variable decreases.
For example, there should be a negative correlation between quantity demanded and price
When there is a negative correlation, the graph of the variables is downward sloping
3. Zero correlation : there is no relationship between the variables
For an international diversified portfolio, the optimal situation is for the domestic and foreign investments to have little or no correlation
Foreign investors assess not only the interest rate offered on financial securities but also (check all that apply):
Answer:
their total wealth
-their future expenditure needs
-the risk on the security
Explanation:
Financial System
This simply are markets and various financial units or intermediaries that help transfer financial assets, real assets, and financial risks in various forms from one person to another, from one place to another, and from one point to another
3 Main functions of the Financial System
1.) The achievement of the purposes for which people use the financial system
2.) The discovery of the rates of return that equate aggregate savings with aggregate borrowings
3.) The allocation of capital to the best uses
An investment
This is simply defined as the current commitment of current resources in the hope of getting greater resources in the future. It reduces current consumption in hopes of greater future consumptions. When making investment, different actions are considered before decision making.
How many publications are related to green nanoparticles?
Answer:
If you mean nanoparticles for environmental applications then let's see…
2018, more than 166,000 articles related to nanotechnology were published, indicating an increase of more than 7% compared to the corresponding period last year.
No specific category for the environment is disclosed. However, I would say at least 3/4 are related to climate change or environmental
Each of the following are classified as an operating activity except: multiple choice payment of salaries collection of credit sales receipt of dividend revenue purchase of short-term investments
Answer:
purchase of short-term investments
Explanation:
The operating activity deals in payment and receipts of the cash payment and cash receipts with regard to day to day expenses, sales, etc
It can involved the salaries payment, credit sales, dividend revenue
But does not include the purchase of short term investment as it is the part of the investing activity not the operating activity
what is prospecting?
Answer:
Prospecting is a search for mineral deposits in a place, especially by means of experimental drilling and excavation.
I hope this helps you!
Explanation:
One of the limitations for an entrepreneur of setting up a new business as a franchise is:
Answer:
The first and most significant disadvantage of a franchise is the fact that the franchisee has no control of the business or how it is run (or very limited control). The rules of the business are already established and part of the franchise agreement.
Although monetary policy cannot reduce the natural rate of unemployment, other types of government policies can. a. True b. False
Answer:
False
EXPLANATION:
Arthur buys a new cell phone for $150. He receives consumer surplus of $150 from the purchase. What value does Arthur place on his cell phone
Answer:
$300
Explanation:
Customer surplus may be explained as the additional benefit a customer earns over and above the amount paid. In other words, the amount paid is less than the amount customer is willing to pay for a certain product, hence. The additional benefit derived from paying less is the consumer surplus.
Therefore ;
Consumer surplus = Value - amount paid
From the question :
Consumer surplus = $150
Amount paid = $150
Hence,
Value = Consumer surplus + Amount paid
Value = $150 + $150
Value = $300
Andrew found a stone in his yard and took it to Brad, a jeweler, for evaluation. Although Brad knew what the stone was, he told Andrew that he wasn't sure as to the nature of the stone, but that he thought it was a saphire. Brad then offered to buy the stone for $50 and Andrew agreed. Later Andrew found out the stone was an uncut blue diamond worth about $10,000. The sale:
Answer: c. can be voided based upon fraud in the inducement .
Explanation:
Brad knew exactly what kind of stone it was that Andrew had and yet proceeded to lie about it in order to induce a sale at a much lower price than the actual worth of the jewel .
The contract is therefore voidable because the Brad committed fraud by lying and obtaining the diamond at $50 under false pretenses. Andrew should therefore drag him to the Courts of law to face justice.
Select the correct answer.
A household detergents company introduces a new product in the market. It hires several salespeople to make door-to-door sales for the first three months. The salespeople have to gather certain information about customers during their sales trips. For one such salesperson, a customer is not willing to share details related to his experience with competitor products. In such a case, what should the salesperson do?
A.
refer the case to another colleague who is expert in extracting details out of such customers
B.
forcibly try to get the details out of the customer
C.
respect the customer’s privacy and not ask any further questions
D.
tempt the customer with discounts on the current product if he shares his details
Answer: C. respect the customer’s privacy and not ask any further questions.
Explanation:
Since the customer is not willing to share details related to his experience with competitor products, the best thing to do in this case is to respect the customer’s privacy and not ask any further questions.
It's good to respect the privacy of people if they are not willing and ready to give out certain information. In this case, it should be noted that forcibly trying to get the details out of the customer isn't ideal.
Likewise, referring the customer to someone more experienced isn't necessary in thus regard since the customer isn't willing to share any information.
Therefore, the correct option is C.
Answer:
C
Explanation:
You should respect the customers privacy because they are not doing anything sketchy. They are just choosing not to share their thoughts.
If aggregate quantity demanded is greater than aggregate quantity supplied at a particular price level, then
Answer:
Shortage
Explanation:
Then it is a situation of shortage because when there is more demand but supply is less then the difference between the demand and supply is called the shortage. Thus, excess demand over supply creates the shortage in the market.
What is NOT an aspect of agile and dynamic business processes? a) Developed to assist in incremental process improvement d) Change requires significant redesign work e) Quick to support shifting business requirements c) Allows for firms to take advantage of the newest innovations b) Relies on an advanced degree of information technologies
Answer:
d) Change requires significant redesign work
Explanation:
It is correct to say that work redesign is not an aspect of agile and dynamic business processes, as it is a process of molding work functions, which can occur gradually according to new technologies and internal and external changes of the organizational environment.
The work redesign will reorganize the work in an organization, which can be a positive point that helps the company to update itself on the best practices and work processes, but it requires constant efforts by the organization in relation to training and adaptation of employees, which can be a long process for organizations.
The base rate of managerial incompetence is estimated at 25 to 30 percent. Group of answer choices True False
Answer:
The answer is "False".
Explanation:
Incompetence in Leadership Managerial incompetence can be defined as an inability to carry out its leadership tasks and responsibilities successfully. Managers execute several tasks, mainly of supervisory character, in any conventional organization.
There are six main reasons for managerial incompetence. Derailment is indeed a loss of self, a lack of understanding of conditions, a lack of intellect and technical knowledge.
Suppose that you purchase a 182-day Treasury bill for $9,850 that is worth $10,000 when it matures. The security's annualized yield if held to maturity is about A. 1.5%. B. 2%. C. 3%. D. 6%.
Answer:
Annual interest rate= 3%
Explanation:
Giving the following information:
Present value= $9,850
Future value= $10,000
Number of days= 182
First, we need to calculate the daily interest rate. We will use a financial calculator (the formula is incredibly difficult to use):
Function= CMPD
n= 182
I%= SOLVE = 0.0083
PV= 9,850
FV= -10,000
Now, the annual interest rate:
Annual interest rate= 0.0083*365= 3.02 = 3%
