Answer: neat writing ,do not leave blank spaces , write in a list of references
Explanation:
what shapes would you generally expect each of the following cost curves to have: fixed costs, variable costs, marginal costs, average total costs, and average variable costs?
Shapes would i generally expect each of the following cost curves to have
fixed cost: straight horizontal line (it's the y-intercept)variable costs: U-shaped (?)marginal costs: J-shapedaverage total costs: U-shapedaverage variable costs: U-shaped (below ATC)A cost curves is a graph of the charges of manufacturing as a feature of total quantity produced. In a loose market economy, productively efficient companies optimize their manufacturing manner by minimizing fee consistent with each possible stage of manufacturing, and the end result is a value curve.
The total fee curves (TC and ATC curves) are tormented by a fee change for any component of manufacturing. We make no distinction among constant and variable expenses in the long run as long as the longer term average general value curve (LRAC) is declining, then inner economies of scale are being exploited.
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please please please help me
a) A decrease of 7.9% in material (supply-chain) costs is required to yield a profit of $40,000, for a new material cost of $58,000.
b) An increase of 3.6% in sales is required to yield a profit of $40,000, for a new level of sales of $145,000.
How are the percentages determined?For the supply chain improvement, we can increase the profit to $40,000 by reducing the cost of materials to $58,000 ($63,000 - $5,000).
This reduction translates to a 7.9% cost improvement ($5,000/$63,000).
We apply the break-even sales revenue with the target profit for the sales strategy.
This analysis shows that Sales revenue needs to increase to $145,000, which is a 3.6% ($145,000 - $140,000/$140,000) improvement.
Current profit level = $35,000
Expected profit level = $40,000
Percent Supply % Sales
Current Situation Amount ($) of sales Chain Strategy
Sales 140,000 $140,000 $145,000
Cost of material 63,000 (45%) 58,000 41.4% 63,000
Production cost 35,000 (25%) 35,000 25% 35,000
Contribution margin 42,000 (30%) $47,000 33.6% $47,000
Fixed cost 7,000 (5%) 7,000 5% 7,000
Profit 35,000 (25%) $40,000 28.6% $40,000
a) Percentage improvement in supply chain strategy = 7.9% [1 - ($63000 - $5,000/$63,000 x 100)]
The cost of the material with a $40,000, profit will be $58,000 ($63,00 x 1 - 7.9%).
b) Percentage improvement in the sales strategy = 3.6%
Break-even Sales = Fixed Costs + Target Profit/Contribution margin ratio
= $7,000 + $40,000/32.4%
= $25,000/32.4%
= $145,000
Required improvement in the sales strategy = 3.6% ($5,000/$140,000 x 100)
Sales with an improvement of 3.6% = $145,000 ($140,000 x 1.036)
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airlines that offer lower fares on seats shortly before the flight’s departure date to fill empty seats are utilizing what type of pricing tactic?
Airlines that offer lower fares on seats
shortly before the flight's departure date
to fill empty seats are utilising Dynamic pricing.
Dynamic pricing can be defined as the
situation where a company or business
owner decide to change the price of the
product due to low demand or when the
price of a product is slice down or reduce
due to market demand for such product.
Based on the given scenario the airline is
making use of dynamic pricing due to low patronage so as to attract people.
In conclusion,airlines that offer lower fares on seats shortly before the flight's departure date to fill empty seats are utilising Dynamic pricing.
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Gain sharing is an employee benefit that provides
Gainsharing empowers employees to select how to improve their individual and collective performance. It also broadens employees' attention beyond their personal interests.
Gainsharing a contract that defines the vendor's commitment to the client in terms of particular business advantages. A contract of this type also specifies the payment the client will make based on the vendor's performance in delivering specified business advantages. A profit-sharing plan not only inspires employees to give their best effort, but it also instils in them a sense of accomplishment at work. This has secondary benefits such as fewer staff attrition and, as a result, less time and money spent on training new employees.
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which of the following items is most likely a short-term liability?
A. Bonds payable
B. Deferred income taxes
C. Finance lease covering 30-year term
D. Accounts payable
Account payable items is most likely a short-term liability.
Bonds payable, a 30-year finance lease, and deferred income taxes would all be paid overtime; therefore they are not current obligations.
nonetheless, accounts payable is probably a current liability.
What is finance lease?
A finance company is typically the legal owner of the asset for the duration of the lease in a finance lease, also known as a capital lease or a sales lease. The lessee has operational control over the asset as well as a portion of the financial risks and rewards associated with changes in the value of the underlying asset.
In further detail, it is a business relationship in which
The asset (equipment, software) will be chosen by the lessee (client or borrower);
The lessor (financial institution) will buy that asset;
Throughout the lease, the lessee will have access to that asset;
For the usage of the asset, the lessee will pay a series of rents or payments.
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Wanda Sotheby purchased 185 shares of Home Depot stock at $72 a share. One year later, she sold the stock for $82 a share. She
paid her broker a commission of $47 when she purchased the stock and a commission of $54 when she sold it. During the 12 months
she owned the stock, she received $144 in dividends. Calculate Wanda's total return on this investment.
Dur-ing the 12 months she own-ed the stock, she rece-ived $144 in dividends. Wan-da's total return on this investment is $1,893.
What Is Return on Investment (ROI)?Return on investment (ROI) is a perform-ance measure used to evalu-ate the efficiency or profitability of an invest-ment or comp-are the efficiency of a number of differ-ent investments. ROI tries to directly mea-sure the amount of return on a part-icular investment, relat-ive to the investment’s cost.
Solution:
1. Total cost of purchase
= (Price per sh-are × Number of sha-res) + Com-mission
= ($72 × 185) + $47
= $13,367
2. Total sale pro-ceeds = (Price per share × Num-ber of shares) - Com-mission
= ($82 × 185) - $54
= $15,116
3. Total return = Dividends + Capital gain
= $144 + ($15,116 - $13,367)
= $1,893
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a change in supply is represented by a ______ the supply curve while a change in quantity supplied is represented by a _______ the supply curve.
A change in supply is represented by a shift of the supply curve while a change in quantity supplied is represented by a movement along the supply curve.
The supply curve depicts the relationship between the cost of a good or service and the quantity supplied over a given time period. On most supply curves, as the price of goods rises, so does the quantity of goods supplied.
Supply curves can often predict whether a commodity's price will rise or fall in response to demand, and vice versa. For products with a more elastic supply, the supply curve is shallower (closer to horizontal) and steeper (closer to vertical) for products with a less elastic supply.
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