Answer:
$0
Explanation:
According to the scenario, computation of the given data are as follows,
Fixed costs are linked with fixed inputs, which do not fluctuate and remain constant in the short term.
The long run is a time during which all of the inputs are transformed into variables cost.
Hence, in long run, Kim's fixed cost will be $0.
Hannah Ortega is considering expanding her business. She plans to hire a salesperson to cover trade shows. Because of compensation, travel expenses, and booth rental, fixed costs for a trade show are expected to be $15,990. The booth will be open 39 hours during the trade show. Ms. Ortega also plans to add a new product line, ProOffice, which will cost $184 per package. She will continue to sell the existing product, EZRecords, which costs $105 per package. Ms. Garcia believes that the salesperson will spend approximately 29 hours selling EZRecords and 10 hours marketing ProOffice. Required Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 76 units of EZRecords and 53 units of ProOffice. Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 200 units of EZRecords and 99 units of ProOffice.
Answer and Explanation:
The computation of the estimated total cost & the cost per unit is given below:
For 76 units & 52 units
For EZRecords
Total cost = Fixed cost + variable cost
where
Fixed cost = $15,990 × 29 hours ÷ 39 hours
= $11,890
And, the variable cost is
= 76 units × $105
= $7,980
So, the total cost is
= $11,890 + $7,980
= $19,870
And, the cost per unit is
= $19,870 ÷ 76 units
= $261.45
For Pro office
Total cost = Fixed cost + variable cost
where
Fixed cost = $15,990 × 10 hours ÷ 39 hours
= $4,100
And, the variable cost is
= 53 units × $184
= $9,752
So, the total cost is
= $4,100 + $9,752
= $13,852
And, the cost per unit is
= $13,850 ÷ 53 units
= $261.35
For 200 units & 99 units
For EZRecords
Total cost = Fixed cost + variable cost
where
Fixed cost = $15,990 × 29 hours ÷ 39 hours
= $11,890
And, the variable cost is
= 200 units × $105
= $21,000
So, the total cost is
= $11,890 + $21,000
= $31,890
And, the cost per unit is
= $31,890 ÷ 200 units
= $159.45
For Pro office
Total cost = Fixed cost + variable cost
where
Fixed cost = $15,990 × 10 hours ÷ 39 hours
= $4,100
And, the variable cost is
= 99 units × $184
= $18,216
So, the total cost is
= $4,100 + $18,216
= $22,316
And, the cost per unit is
= $22,316 ÷ 99 units
= $225.41
In a cost reimbursable contract, _____. the contract usually details the quality of the goods or services, the timing needed to support the project, and the cost of delivering goods or service the organization agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit the contract provides an incentive for performing on the project above the established baseline in the contract the contractor assumes the risks for unexpected increases in labor and materials that are needed to provide the service or materials and in the quantity of time and materials needed developing a clear scope of work, creating a list of highly qualified bidders, and developing a clear contract is critical
Answer:
the organization agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, cost reimbursable contract, etc.
In a cost reimbursable contract, the organization, which is the client agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.
This ultimately implies that, a client such as a business organization that enters into a cost reimbursable contract with another party such as a contractor, agrees to pay the contractor an agreed amount of money upon the completion or execution of the contract.
Maxie's Game World sold games to a customer on credit for $2,600, terms 1/10, n/30 and the cost of the games was $1,700. When recording the collection from the customer made withi n the discount period, in its cash receipts jounal, Maxie's would enter: A) S2,574 in the Cash Dr. column, $26 in the Sales Discount Dr. column and $2,600 in the Accounts Receivable Cr.column. B) $2,600 in the Cash Dr. column. $2,600 in the Sales Cr. column, and $1,700 in the Cost of Goods Sold Dr/Inventory Cr.column. C) $2,600 in the Cash Dr. column and $2,600 in the Accounts Receivable Cr.column. D) $2,600 in the Accounts Receivable Dr/Sales Cr. column and $2,600 in the Cash Cr. column E) $2,574 in the Cash Dr. column and $2,574 in the Accounts Receivable Cr.column.
Answer:
A) S2,574 in the Cash Dr. column, $26 in the Sales Discount Dr. column and $2,600 in the Accounts Receivable Cr.column.
Explanation:
In the case when we have to record the collection from the customer within the discount period so the following journal entry should be made
Cash Dr $2,574
Sales discount Dr $26 (1% of $2,600)
To Account receivable $2,600
(Being collection is recorded)
Here the cash and sales discount is debited as it increased the assets and it reduced the sales on the other hand the account receivable is credited as it decreased the assets
Price skimming works best for which type of product?
A. Products that haven't been advertised much
B. Inexpensive products with many competitors
C. Products with elastic demand
D. High-end products with unique features
Please select the best answer from the choices provided
Ο Α
ОВ
Next
Mark this and return
Save and Exit
Submit
Answer:
d. high-end products with unique features
Explanation:
did the test and got it right on edg2021
Which of the following is most likely to be a benefit of storing the information from each calling session in a database? The company can analyze the calling session data and thereby make better business decisions. The company can analyze the calling session data and thereby make better business decisions. A The company can ensure that customer information is protected from misuse. The company can ensure that customer information is protected from misuse. B The company can reduce the costs associated with data storage. The company can reduce the costs associated with data storage. C The company can reduce its need for data compression.
Answer:
The company can analyze the calling session data and thereby make better business decisions.
Explanation:
Feedback from the customer and a view of how the customer pictures a company is a very important tool used to change future decisions a business makes.
This will influence decisions that will make the company more competitive and satisfy it's customers.
In the given instance a benefit of storing the information from each calling session in a database is that information gleaned from such calls will guide management in making customer friendly policies in the future.
Market control Multiple Choice does not assume that the interests of the organization and individuals naturally diverge. is based on the idea that employees may share the values, expectations, and goals of the organization and act in accordance with them. includes such items as budgets, statistical reports, and performance appraisals. uses prices, competition, and exchange relationships to regulate activities. is the use of rules, standards, regulations, hierarchy and legitimate authority to guide performance.
Answer: uses prices, competition, and exchange relationships to regulate activities.
Explanation:
Market control involves using pricing mechanisms and exchange relations for the regulation of organizational activities. In market control, competition, prices, and exchange relationships are used to regulate the activities.
The option about the assumption that the interests of the organization and individuals naturally diverge is the clan control.
One of the goals of Reaganomics was to encourage private investment through tax cuts for businesses and the wealthy encourage private investment through tax cuts for businesses and the wealthy A redistribute income to the bottom fifth of wage earners redistribute income to the bottom fifth of wage earners B reduce the United States nuclear arsenal reduce the United States nuclear arsenal C restrict immigration from Mexico restrict immigration from Mexico D outsource United States manufacturing to Asian countries
Answer:
A redistribute income to the bottom fifth of wage earners redistribute income to the bottom fifth of wage earners
Explanation:
Reaganomics is a policy ascribed to President Ronald Reagan who took up the presidency when the economy of United States was very bad and low. He initiated series of policies with the aim of stimulating the economy and creating more jobs.
One of the important policy was on the issue of tax cuts for businesses and wealthy individuals with the aim of encouraging them to invest in United States. He knows that, with the creation of more businesses by wealthy individuals, the income would be redistributed to the wage earners especially those at the bottom earners.
Answer:
A. redistribute income to the bottom fifth of wage earners redistribute income to the bottom fifth of wage earners
Explanation:
Hope this helps
What factor reflects the ‘cost of money’? The ‘cost of money’ is reflected in the
A person whose license has been cancelled or revoked, whether by voluntary action or by disciplinary action of the Board, may after ___ years from the effective date of such cancellation or revocation, petition the Board for reinstatement of the license, unless another time is provided in the cancellation or revocation order, or unless no provision was made in the order for reinstatement. This section does not apply to licensees who let their licenses lapse for non-payment of renewal fees or licensees against whom a cancellation or revocation proceeding is not pending before the Board or in any other jurisdiction.
Answer:
The appropriate fill-in-the-blank is 05 years. Thus the statement becomes
A person whose license has been cancelled or revoked, whether by voluntary action or by disciplinary action of the Board, may after 05 years from the effective date of such cancellation or revocation, petition the Board for reinstatement of the license, unless another time is provided in the cancellation or revocation order, or unless no provision was made in the order for reinstatement. This section does not apply to licensees who let their licenses lapse for non-payment of renewal fees or licensees against whom a cancellation or revocation proceeding is not pending before the Board or in any other jurisdiction.
Explanation:
According to the KRS 335.360, A person whose license has been revoked is eligible to apply for reinstatement after 05 years.
which of these generally represents the last channel member in a distribution channel ?
a.the producer
b.the wholesaler
c.the consumer
d.the retailer
it’s c; the consumer
The consumer is generally representing the last channel member in a distribution channel. This option C is correct.
What is the distribution channel?A distribution channel is defined as a route that a product or service might take to reach the market. With the help of the distribution channel, the corporation sells directly to the consumer, typically via their website or retail shop.
Wholesalers, retailers, distributors, and the Internet are examples of distribution channels. The manufacturer sells directly to the customer through a direct distribution channel.
Multiple intermediaries are involved in indirect routes before the product reaches the customer. One of the most popular and efficient distribution methods is the store. Department stores, Supermarkets, specialized stores, and big-box retailers are examples of retailers.
Therefore, option C is correct, that In general, the consumer represents the final channel member in a distribution channel.
Learn more about the distribution channel, refer to:
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Describe where you are in life right now. What makes you most excited about where you are now? What questions do you have, and what are you worried about????
Answer:
I'm in my lowest point tbh my family is stressed, mom and dad don't care about me, can't help me with school, and we are pretty much broke
I am exited about having a bf this year
When am I going to find peace in my life and when will my parents care about me again?
I am worried I will have to live on my own soon and I'm not ready yet ;(
Explanation:
this is gonna be weird but thank you for asking this question
I feel a bit better already :)
why do you think business organization need to hire people? write at least three sentence in your answer sheet.pls
Answer:
So why does a company hire a person?
Explanation:
It isn’t to have more people around. The goal of any company isn’t to rack up its number of employees. In fact, the goal of most companies is generally the exact opposite to that, to have the fewest employees possible it needs to be successful.
Less and less do companies hire because they need a very specific task done. In the days of old, companies would hire someone to do the same task over and over again, like hammering the same nail to connect the same two parts all day long. Most of those jobs now are automated, as employers have found cheaper and often more productive alternatives to humans for that work.
No, to understand why employers hire, instead of just using a piece of software or a robot, one first has to understand the unique value proposition a human has. What is it? Well, really it has everything to do with our brain, and our unique ability to conjure up creative solutions to complex problems.
An employer hires a person because their unique value proposition, i.e. generally their ability to think, fixes a business problem they face and there are no other cheaper or more effective alternatives.
For example, a company hires a marketer because they face a business problem: a lack of customers. The marketer’s job is to increase the amount of customers anyway they can, whether it be through email marketing, social media, publicity stunts, etc. The marketer’s job is to constantly solve a problem – in this case getting more customers – that cannot be solved by a machine.
Because most of the jobs that require minimal thought have become or soon will become automated, the jobs that are left require someone who is creative, can learn quickly and is always willing to adapt to new problems thrown their way. So the question therein lies for the employer: how do you figure out who those people are?
The answer is not to look at a pile of resumes and select the two or three best to bring in for an interview. The answer is to screen all candidates through an interview, perhaps best done using a program like VoiceGlance, and ask them challenging questions that reveal those candidates’ line-of-thinking. With that information, companies can discover the employees they really want – the problem solvers – who will lead them to success.
The reason why I think business organization needs to hire people is:
To help in the production processAccording to the given question, we are asked to show the reason why I think business organization need to hire people and how it affects business.
As a result of this, we can see that a business organization has to hire people so that they can help with the production process which is important as they would be in charge of the branding, packaging, marketing and other aspects of business.
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Match the financial institutions with the services provided by them.
commercial banks
investment banks
credit union
savings and loan associations
pension fund
insurance companies
serve the interests of both investors as well as companies looking for capital
accept deposits, finance home loans and have safe deposit facilities
acts as a link between small money savers and home buyers
cooperatives that lend and borrow money among themselves
collects money in the form of premiums with an assurance to protect the customer from risks
provides post-retirement benefits to employees
Answer: See explanation
Explanation:
serve the interests of both investors as well as companies looking for capital = investment banks
accept deposits, finance home loans and have safe deposit facilities = commercial banks
acts as a link between small money savers and home buyers = saving and loan association
cooperatives that lend and borrow money among themselves = credit union
collects money in the form of premiums with an assurance to protect the customer from risks = insurance company
provides post-retirement benefits to employees = pension fund.
Answer:
commercial banks accept deposits, finance home loans and have safe deposit facilities,
credit unions are cooperatives that lend and borrow money among themselves,
saving and loan association acts as a link between small money savers and home buyers,
investment banks serve the interests of both investors as well as companies looking for capital,
An insurance company collects money in the form of premiums with an assurance to protect the customer from risks,
and a pension fund provides post-retirement benefits to employees.
Suppose a consumer is trying to decide how much to spend on transportation and how much to spend on all other (non-transportation ) consumption. The economic model of consumer behavior predicts that the consumer will A. consume an infinite amount of transportation and non-transportation consumption. B. consume as much transportation as she can afford without any non-transportation consumption. C. consume any combination of transportation and non-transportation consumption from among the combinations of transportation and non-transportation items she can afford. D. consume as much transportation and as much non-transportation consumption as she wants. E. choose the combination of transportation and non-transportation consumption that makes her as well off as possible from among the combinations of transportation and non-transportation items she can afford.
Answer:
E. choose the combination of transportation and non-transportation consumption that makes her as well off as possible from among the combinations of transportation and non-transportation items she can afford.
Explanation:
Economics is a study that focuses on how a consumer can best use scarce resources to satisfy their needs.
The individual will need to make an optimal combination of various activities to maximise satisfaction.
In this case a consumer is trying to decide how much to spend on transportation and how much to spend on all other (non-transportation) consumption.
He will have to prioritise the levels of transport and non-transport expenses that will make him well off.
For example if transportation is a priority, 80% of available funds can be spent on this, while the remaining 20% can be spent on non-transport activities.
What is the amount of physical goods and services that can be bought with a given amount of money?
Answer:
please Elaborate like how much money do you have or something
Identify which of these habits could result in credit issues.
A. paying for large purchases in cash
B. loaning money to a creditworthy person
C. spending money within a personal budget
D. charging money on multiple credit cards and not making payments
In four to six sentences, explain the savings-borrowing-Investing cycle.
Explanation:
The saving-borrowing-investing cycle generally begins with consumer borrowing to fund their purchases and for seed capital and they then use this capital to invest in their future.
Answer:
The savings-borrowing-investing cycle starts with borrowing for most people. People borrow money to initially pay for goods and services. Next, people can start investing money for future needs and wants. Investing will usually get the person more money later on. Finally, the person can save some money and spend the rest of their income.
Despite its success, Walmart is a mature business that needs to do which of the following to boost profits and continue to move its stock price higher? find dramatic cost savings find dramatic cost savings find huge markets find huge markets find ways to increase supplier efficiency find ways to increase supplier efficiency find data to identify new vendors find data to identify new vendors
Answer:
find dramatic cost savings
find huge markets
Explanation:
Walmart is a giant multinational retail corporation which operates a number of departmental stores and hypermarkets around the globe operating from the United States.
Walmart is a mature business which needs to find dramatic cost savings or huge markets so as to boost its profits and also to continue to move the stock prices higher.
In your own words, explain why we pay taxes.
Answer: To help support public schools and the economy.
Explanation:
You and your design group are competing for a multidisciplinary concept project. Your firm is the lead group in the design professional consortium formed to compete for the project. Your consortium has been selected to be the first to enter fee negotiations with the project owner. During negotiations, the amount you have to cut from your fee to be awarded the contract will require dropping one of the consortium members whose staff has special capabilities not found in the staff of the remaining consortium members. Is your consortium response in the negotiations ethical
Answer: No, not if the owner is left with the impression that the consortium is still fully qualified to perform all the required tasks
Explanation:
The purpose of a team is to work together, when the lead person is not involved the team may not be able to coordinate themselves to carry on with the task. Considering the project, dropping one of the consortium member with the best skill would be a turn off for the deal. For the team to do well, they need each other, especially the lead or most skillful, not including this in the deal is a loss already
Every six months, a local hardware store receives a cumulative quantity discount on the tools it buys from Ace Tool Manufacturing. Which of the following is likely true? (Choose every correct answer.) Multiple select question. The more tools the hardware store buys, the more the discount will increase. The store will offer special bargains to its customers two times a year. The store has a sales goal or quota for each six-month sales period. The store cannot offer special prices to its customers except at the end of the discount period.
Answer: the store is likely to offer special bargains for its customers 2 times a year
2. the discount will increase with each tool that the hardware store sells
3. the store probably has a sales goal or qouta for each 6 month sales period
Explanation:
The following are true concerning the local hardware store receiving a cumulative quantity discount on the tools it buys from Ace Tool Manufacturing;
1) The store is likely to offer special bargains for its customers 2 times a year; this would help to boost their sales and attract more business
2. the discount will increase with each tool that the hardware store sells
3. the store probably has a sales goal or qouta for each 6 month sales period
Which of the following would be a scientific theory? A the hypothesis that if you increase the temperature of water, then sugar will dissolve quicker B the statement that objects in motion tend to stay in motion C a belief in ghosts that humans cannot see or feel D an explanation of why global temperatures are rising
Answer:
D an explanation of why global temperatures are rising
Explanation:
A recent high school graduate is researching ways she can pay for her college education. She has received three small scholarships, but still needs to pay for
most of the tuition herself. Which of these options may be available to help her pay for her education? Select all that apply.
A. mortgage loan
B. Perkins loan
C. private loan
D. Stafford loan
E. payday loan
E business loan
Answer:
C and D
Explanation:
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When an ad says “best offer”, what does that mean?
A.The owner wants money than the car is worth
B.The owner may accept less money than the asking price
C.The owner wants no less than what the car is listed for
D.The owner has B.O. and is trying to get rid of the car
Answer:
B
Explanation:
Donald Trump wanted to pull us out of the WTO because he thought China was cheating. Would you stay in or leave?
Answer: I hate Trump and would make him eat tortilla chip vertically :/
Explanation:
May i have the answer for this im not quite sure
Answer:
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Should copyright laws still be around and protected?
Answer: yes
Explanation: people can make money off stealing other peoples stuff for eg music etc…
The____represents more than. 380,000 retail and institutional food service operation, including restaurants, suppliers, educators, and non-profits.
he quantity of U.S. bonds foreigners want to buy is taken into account a. in the U.S. supply of loanable funds and the supply of dollars in the market for foreign-currency exchange. b. in the U.S. supply of loanable funds and the demand for dollars in the market for foreign-currency exchange. c. in the U.S. demand for loanable funds and the supply of dollars in the market for foreign-currency exchange. d. in the U.S. demand for loanable funds and the demand for dollars in the market for foreign-currency exchange.
Answer: c. in the U.S. demand for loanable funds and the supply of dollars in the market for foreign-currency exchange.
Explanation:
Bonds are a type of loanable funds which are issued to gain access to cash for certain activities. Both countries and companies do this. When the U.S. government issues bonds, they do so taking into account the amount of funds they would need to fund what it is they want to funds.
They also do so taking into account, the amount of dollars needed by in the foreign-currency exchange market so that they can pump enough dollars into the world economy.
Which of the following actions can be considered good business etiquette?
A.
switching your cell phone off before you enter a meeting
B.
keeping your cell phone on low volume before you enter a meeting
C.
setting a pleasant ring tone on your cell phone before you enter a meeting
D.
setting a standard ringtone on your cell phone before you enter a meeting