To pay off the $7000 balance in 3 years, you would need to make monthly payments of $246.41. Over the course of 36 months, you would pay a total of $8,870.76.
To find the total amount you will pay to clear a $7,000 credit card balance with an APR of 16.5% in 3 years, follow these steps:
1. Convert the APR to a monthly interest rate: 16.5% / 12 months = 1.375% per month.
2. Convert the percentage to a decimal: 1.375% = 0.01375.
3. Calculate the number of monthly payments: 3 years * 12 months = 36 payments.
4. Use the loan payment formula to find the monthly payment: P = (r * PV) / (1 - (1 + r)^(-n)), where P is the monthly payment, r is the monthly interest rate, PV is the present value of the loan ($7,000), and n is the number of payments.
5. Plug in the values: P = (0.01375 * 7000) / (1 - (1 + 0.01375)^(-36)) = 246.41.
6. Calculate the total amount paid: Monthly payment * Number of payments = 246.41 * 36 = 8,870.76.
So, to pay off the $7,000 balance in 3 years, you will need to make monthly payments of $246.41, and the total amount you will pay is approximately $8,870.76.
To know more about credit card balance visit:
https://brainly.com/question/31092739
#SPJ11
Joe is trying to decide which scheduling format to employ for his planning: AON or AOA. What are some of the issues that Joe should first consider prior to choosing between these methods? What are some of the issues that weigh in favor of and against crashing the project?
When deciding between AON (Activity on Node) and AOA (Activity on Arrow) scheduling formats, Joe should consider several issues, such as:
Complexity: AOA can be more complex to use than AON, particularly for larger projects with many dependencies.Flexibility: AON can be more flexible than AOA, as it allows for multiple paths and loops.Clarity: AOA can be more clear in representing the project's logical relationships, while AON can be more difficult to read and interpret.Familiarity: Joe should consider his team's familiarity with each method and their ability to use it effectively.Regarding the decision to crash the project, some factors that may weigh in favor of crashing include:
Tight project deadlines: If the project has a tight deadline, crashing may be necessary to ensure it is completed on time.High costs of delays: If there are high costs associated with delays, such as penalties or lost revenue, crashing may be a cost-effective solution.Availability of resources: If additional resources are available and can be brought in to help complete the project more quickly, crashing may be a viable option.On the other hand, some factors that may weigh against crashing include:Increased costs: Crashing can be expensive, as it often requires additional resources, overtime pay, and other expenses.Lower quality: Crashing can result in lower quality work if it is rushed and not done properly.Increased risk: Crashing can increase the risk of errors, accidents, and other problems that could negatively impact the project.To know more about AON refer to-
https://brainly.com/question/30018876
#SPJ11
leonard, inc. is considering a five-year project that has an initial after-tax outlay or after-tax cost of $70,000. the future after-tax cash inflows from its project for years 1, 2, 3, 4 and 5 are all the same at $35,000. leonard uses the net present value method and has a discount rate of 10%. will leonard accept the project?
Based on the given information, the NPV is positive, it means that the project is expected to generate a positive return and it is a profitable investment for Leonard, Inc. Leonard should accept the project.
We can calculate the net present value (NPV) of the project using the formula:
NPV = -Initial Outlay + Present Value of Future Cash Flows
Where the present value of future cash flows is calculated as:
PV = CF / (1 + r)^n
Where CF is the cash flow, r is the discount rate, and n is the number of years.
So, for this project:
Initial Outlay = $70,000
Cash Inflows = $35,000 for each year from Year 1 to Year 5
Discount Rate = 10%
Using the above formula and calculations, we get the following:
Year 1: PV = $35,000 / (1 + 10%)^1 = $31,818.18
Year 2: PV = $35,000 / (1 + 10%)^2 = $28,926.23
Year 3: PV = $35,000 / (1 + 10%)^3 = $26,329.30
Year 4: PV = $35,000 / (1 + 10%)^4 = $24,000.27
Year 5: PV = $35,000 / (1 + 10%)^5 = $21,914.79
Now, we can calculate the present value of all the cash inflows for the 5-year project as follows:
PV of Future Cash Flows = $31,818.18 + $28,926.23 + $26,329.30 + $24,000.27 + $21,914.79
= $133,988.77
So, the NPV of the project can be calculated as follows:
NPV = -$70,000 + $133,988.77
= $63,988.77
Learn more about after-tax costs:
brainly.com/question/10133206
#SPJ11
Businesses in the nation of Islandia have been accumulating cash because they have a pessimistic outlook of the national economy. Due to recent changes in the economic outlook of Islandia, business leaders have started investing some of their accumulated cash. Instructions: Enter your answers as a whole number. Use a positive number to show an increase and a negative number to show a decrease. a. If business leaders invest a total of $40 billion of accumulated cash, what is the maximum expected change in GDP if Islandia's marginal propensity to consume is 0.95? $ _____ billion b. Suppose that the recent economic outlook in the country of Mountainia has been the opposite. Businesses are instead accumulating cash and postponing planned investments. If business leaders postpone $12 billion of planned investment spending, what is the maximum expected change in GDP if Mountainia's marginal propensity to save is 0,2 ? $ ____ billion
If entrepreneurs spend their $40 billion in cash reserves and the marginal propensity to consume is 0.95, the maximum predicted change in Islandia's GDP will be $760 billion.
Which of the following would cause the demand curve for investments to shift to the right?A rise in production will probably raise the need for capital and, as a result, encourage further investment. Consequently, the investment demand curve is expected to move to the right as GDP grows.
What influences the rightward shift of the demand curve?Changes in factors like average income and preferences could cause the entire demand curve to move to the right or left. As a result, the quantity demanded at a given price can be larger or lower.
To know more about propensity visit:
https://brainly.com/question/28766632
#SPJ1
What is the net pay for Joseph T. O'Neill?
Joseph O'Neill's net pay, including the bonus, after federal income tax withholding and his simple deduction, will be $213,902.50.
To calculate Joseph O'Neill's federal income tax on his bonus, we will need to follow the IRS supplemental wage withholding method.
First, we need to add the bonus amount of $75,000 to O'Neill's regular gross pay for the year. Let's assume his regular gross pay is $200,000. The total gross pay for the year will be:
$200,000 + $75,000 = $275,000
Next, we will calculate O'Neill's federal income tax withholding on his total gross pay of $275,000 using the IRS tax tables. We will assume he is married filing jointly and claiming two allowances. Based on the tax tables, his annual federal income tax withholding will be:
$39,097.50
Now, we need to determine the federal income tax withholding on the bonus separately. We can use the IRS flat rate method for supplemental wage payments, which is a 22% federal income tax withholding rate for payments over $1 million, 37% for payments over $1 million and paid to an employee who has already received $1 million or more in supplemental wages during the calendar year, or 24% for all other supplemental wages. In this case, we will assume O'Neill's total supplemental wages for the year are less than $1 million, so we will use the 24% withholding rate.
The federal income tax withholding on the bonus will be:
$75,000 x 24% = $18,000
Finally, we need to subtract O'Neill's total federal income tax withholding from his total gross pay, including the bonus, and deduct his simple deduction of $4,000. The result will be his net pay, including the bonus.
($275,000 - $39,097.50 - $18,000) - $4,000 = $213,902.50
To know more about net pay HERE
https://brainly.com/question/14972403
#SPJ4
Joseph O'Neill is paid his annual bonus. This does not affect O'Neill's insurance coverage, which is based on regular pay. This year his bonus is $75,000. For withholding purposes, the bonus is considered a supplemental payment and is added to his gross pay, and the aggregate amount is taxed. For this pay, O'Neill has increased his simple deduction to $4,000. Determine the federal income tax for Joseph O'Neil.
the division of labor in an organization is reflected by the number of job titles in the company.
The number of job titles in a company is a reflection of the division of labor within the organization. As companies grow and become more complex, they tend to create more specialized roles and departments to better organize their resources and streamline their operations.
The number of job titles in a company is a reflection of the division of labor within the organization. As companies grow and become more complex, they tend to create more specialized roles and departments to better organize their resources and streamline their operations. This often results in a larger number of job titles within the company, each representing a specific role or function. The division of labor is important for ensuring that tasks are completed efficiently and effectively, and that employees are able to focus on their areas of expertise. By breaking down the work into smaller, more manageable pieces, companies can achieve greater productivity and success.
Learn more about organization here
https://brainly.com/question/13278945
#SPJ11
in some business situations there is is no difference between null and alternate hypothesis. true false
In business situations, there is a difference between null and alternative hypotheses. The statement is False.
The null hypothesis is a statement of no difference, no effect, or no relationship, while the alternative hypothesis is a statement that contradicts the null hypothesis and proposes that there is a difference, effect, or relationship between variables. These hypotheses are used in statistical hypothesis testing to make decisions about the population based on sample data.
For example, suppose a company wants to test whether its new marketing campaign leads to an increase in sales. The null hypothesis would be that the marketing campaign has no significant effect on sales, while the alternative hypothesis would suggest that the marketing campaign does have a significant effect on sales.
However, there are some situations where the null and alternative hypotheses can be very similar or even identical. This might occur in situations where the hypothesis is very general, and it is difficult to formulate a specific alternative hypothesis.
To learn more about null hypothesis, visit here
https://brainly.com/question/28920252
#SPJ4
a patent grants an inventor exclusive rights to a product for how long? group of answer choices 14 years 17 years 20 years the lifetime of the product
A patent grants an inventor exclusive rights to a product for a specific period of time: 20 years. The correct answer is: C
This means that the inventor has the exclusive right to make, use, sell, and import the invention for a duration of 20 years from the filing date of the patent application. This time frame is applicable for utility and plant patents. However, it is important to note that design patents have a shorter term of protection, which is 15 years from the date of grant.
In summary, a patent provides an inventor with exclusive rights to their product for 20 years (for utility and plant patents) or 15 years (for design patents), depending on the type of patent.
To know more about patent, refer here:
https://brainly.com/question/28727421#
#SPJ11
Complete question:
a patent grants an inventor exclusive rights to a product for how long? group of answer choices
a. 14 years
b. 17 years
c. 20 years
d. the lifetime of the product
Requirement 2. Is Succeed's ability to pay its liabilities strong or weak? Explain your reasoning (Assume the following industry averages, debt ratio 60%, debt to equilyratio: 2.23)The company's ability to pay its liabilities appears___since the debt ratio is fairly___Choose from any list or enter any number in the input fields and then continue to the next question.Activate Windows
These factors indicate that Succeed may have a high level of debt and could face challenges in meeting its financial obligations in the future.
Financial obligations are any unpaid debts or required payments that one party has to fulfil. You have a financial commitment, for instance, if you owe or will owe money to somebody. An responsibility to pay money or provide financial stability can take many different forms.
The company's ability to pay its liabilities appears weak since the debt ratio is fairly high at 60%, indicating a significant amount of debt relative to its assets. Additionally, the debt to equity ratio of 2.23 suggests that the company may be relying heavily on debt financing rather than equity financing, which can further strain its ability to pay off its liabilities.
To learn more about debt: https://brainly.com/question/28929846
#SPJ11
decorating designs had a unit contribution margin of $4.25 and fixed costs of $35,530. income was $3,519. what was the margin of safety, in units?
The margin of safety in units is the difference between the actual sales units and the break-even point in units. To find the break-even point in units, we use the formula: the margin of safety in units is 1,302 units.
Break-even point (units) = Fixed costs / Unit contribution margin
Substituting the given values, we get:
Break-even point (units) = $35,530 / $4.25 = 8,359.41 units (rounded to the nearest whole number)
To find the actual sales (units), we use the formula:
Actual sales (units) = (Income + Fixed costs) / Unit contribution margin
Substituting the given values, we get:
Actual sales (units) = ($3,519 + $35,530) / $4.25 = 9,661.18 units (rounded to the nearest whole number)
Therefore, the margin of safety in units is:
Margin of safety (units) = Actual sales (units) - Break-even point (units)
Margin of safety (units) = 9,661.18 - 8,359 = 1,302.18 units (rounded to the nearest whole number)
Thus, the margin of safety in units is 1,302 units.
Learn more about contribution margin
https://brainly.com/question/14950546
#SPJ4
Big Bob worked for Transfer Trucking (TT) as a driver and was an agent of TT. Big Bob drove a regular route, making deliveries along the way. One day Big Bob drove 100 miles out of his way and off the normal route to see the launch of a space ship. While driving to see the launch, Big Bob was distracted and negligently smashed his truck into a car driven by Austin, injuring him. Austin is now suing both Big Bob and IT for personal injuries. Under the circumstances Multiple Choice TT is liable under the doctrine of respondeat superior. TT is never liable for the negligent torts of its agents. Austin can recover damages from both Big Bob and TT. o TT is not liable because Big Bob was on a frolic of his own. Maggie is riding her motorcycle too fast, not paying attention, and runs a red light. This causes a car to swerve to miss her and it hits an 18 wheeler truck which then careens out of control, crashing through the front door of a local UPS store. As a result, Dave fails to receive his delivery from UPS on time and is unable to sign a contract for a $100,000 a year job by the deadline. The job was given to another applicant. Dave sues Maggie for the loss of the job. What will the result be? Multiple Choice Maggie will be liable to Dave because a person is liable for all consequences of his or her negligence. Maggie will not be liable to Dave because she did not intend to cause Dave's damages. Maggie will be liable to Dave because she was the cause in fact and proximate cause of Dave's injuries. O O Maggle will not be liable to Dave because while she was the cause in fact, she was not the proximate cause of Dave's injuries.
TT is not liable because Big Bob was on a frolic of his own is the correct option.
What exactly does New York General Business Law 391 say?No one, firm, partnership, association, or corporation shall sell any clothing with a drawstring at the waist or a drawstring at the bottom opening of an upper garment for children in sizes two-T through sixteen, inclusive.More stringent than federal regulations, New York State General Business Law, Section 391-b(2) forbids the sale of any children's apparel from size 2-T to 16 that has a drawstring at the neck, at the bottom opening of an upper body garment, or at the waist of a lower body garment.For more information on bus law kindly visit to
https://brainly.com/question/30337007
#SPJ1
The problem with spot exchange in the presence of specific assets is thatSelect one:both parties have incentives to behave as principals.both parties have incentives to behave opportunistically.both parties take the risk of price fluctuations.both parties do not take advantage of the economies of scope.
The problem with spot exchange in the presence of specific assets is that both parties have incentives to behave opportunistically.
A spot exchange, also known as a spot market, is a type of financial market where financial instruments such as currencies, commodities, or securities are traded for immediate delivery or settlement, as opposed to futures or options contracts, which have a delivery or settlement date in the future.
This means that each party may try to take advantage of the other by manipulating the price or other aspects of the transaction.
As a result, the price of the asset may not reflect its true value, leading to inefficiencies and potential losses for one or both parties. This is why it is important to establish clear rules and regulations around spot exchanges, especially when dealing with specific assets.
To learn more about “assets” refer to the https://brainly.com/question/25746199
#SPJ11
Yellowday Energy's margin was 3% and turnover was 4.0 on sales of $50 million for the year. ROI for the year was: Multiple Choice
a. 3.0%
b. 4.0% c. 12.0% d. 12.5%
Yellowday Energy's ROI for the year was 12.0%, indicating that the company is earning a solid return on its investment.The correct option is (c).
To calculate the ROI for Yellowday Energy, we need to use the formula:
ROI = (Net Profit / Total Investment) x 100
However, we are not given the net profit or total investment figures, but we are given the margin and turnover.
The margin is the percentage of profit made on each sale, so we can calculate the net profit by multiplying the sales revenue by the margin:
Net Profit = Margin x Sales Revenue
Net Profit = 3% x $50 million
Net Profit = $1.5 million
The turnover is the number of times a company's inventory is sold and replaced over a period of time, so we can calculate the total investment by dividing the sales revenue by the turnover:
Total Investment = Sales Revenue / Turnover
Total Investment = $50 million / 4.0
Total Investment = $12.5 million
Now, we can plug in these values into the ROI formula:
ROI = ($1.5 million / $12.5 million) x 100
ROI = 12.0%
Therefore, the answer is c. 12.0%.
To know more about ROI click here
https://brainly.com/question/30549964
#SPJJ11
Kerri deposits $8,000 into a bank account today. She makes another deposit of $14,000 into the account exactly one yar from today. If the bank pays interest at 8 percent p.a. compounded annually, how much will she have in her account at the end of two years? 1) $22,000.00 2) $28,591.20 3) $23,760.00 4) $20,267.65 5) $24,451.20
At the end of the two year, she will have $23,760 in her account. The answer is OPTION C
[tex]A= P(1+r\n) nt[/tex]
= 14,000 (1+ 0.08)1
= $15,120
[tex]A= P(1+r\n) nt[/tex]
= 8,000 (1+0.08)1
= $8,640
Total Amount = $15,120 + $8,640
= $23,760
Compound interest is when you receive interest on both your interest income and your savings. Simple interest and compound interest are the two methods for calculating interest. Simple interest is computed on a loan's principal, or initial loan amount. Compound interest is often referred to as "interest on interest".
Since it is calculated using both the principal and the accrued interest from prior periods. When interest is earned in a savings or investment account, compound interest occurs. (Such meta. In other words, interest is paid on both the principal, which is the starting sum, and the interest that is gradually added to the balance.
To learn more about interest, click here.
https://brainly.com/question/30393144
#SPJ4
Your examination of the records of a company that follows the cash basis of accounting tells you that the company's reported cash-basis earnings in 2022 are $33,500. If this firm had followed accrual-basis accounting practices, it would have reported the following year-end balances. 2022 2021 Accounts receivable $3,800 $2,100 Supplies on hand 1,350 1,780 Unpaid wages owed 2,280 2,640 Other unpaid expenses 1,720 1,080 Determine the company's net earnings on an accrual basis for 2022 Net earnings on an accrual basis for 2022 $
The company's net earnings on an accrual basis for 2022 is $30,130.
How did we get the value?To determine the company's net earnings on an accrual basis for 2022, we need to calculate the company's revenue and expenses using the accrual method of accounting.
First, let's look at the changes in the company's balance sheet accounts from 2021 to 2022:
Accounts receivable increased by $1,700 ($3,800 - $2,100).
Supplies on hand decreased by $430 ($1,350 - $1,780).
Unpaid wages owed decreased by $360 ($2,280 - $2,640).
Other unpaid expenses increased by $640 ($1,720 - $1,080).
Using this information, we can calculate the company's revenue and expenses as follows:
Revenue:
Cash-basis earnings reported for 2022 = $33,500
Add: Increase in accounts receivable = $1,700
Total revenue on an accrual basis = $35,200
Expenses:
Supplies used = $430
Wages paid = $2,280
Other expenses incurred = $2,360 ($1,720 + $640)
Total expenses on an accrual basis = $5,070
Net earnings on an accrual basis for 2022 = Total revenue - Total expenses = $35,200 - $5,070 = $30,130
Therefore, the company's net earnings on an accrual basis for 2022 are $30,130.
learn more about company's net earnings: https://brainly.com/question/19052350
#SPJ1
Check for Understanding- Brazil hosted the 2014 FIFA World Cup and reportedly spent $3.6 billion US Dollars on twelve new and refurbished stadiums. The table below shows the estimated capacity, cost, events per year, and total attendance for four of these stadiums four years after the World Cup. Use the data in the table to answer the questions. Stadium, City Capacity Cost (USD) Events per Total Year Attendance Estadio do Maracana, Rio 70,000 $480,000,000 57 800,000 Estadio Nacional Mane Garrincha, Brasilia 65,000 $600,000,000 7 14,000 Arena de Amazonia, Manus 40,000 $300,000,000 4 2,000 Arena Pantanal, Cuiaba 40.000 $250,000,000 7 3,000 Source: Were the Bligns Brazil Spent on World Cup Stadiums Worth 12-Fi Thirty Eight Just.2014 1. On average, how much did the Brazilian government spend on each fan that visited the Estadio do Maracana in Rio? Explain how you got your answer.
Divide the entire expense by the total number of spectators to arrive at the average per-fan cost at Estadio do Maracana in Rio: $480,000,000 800,000 = $600. For every spectator who entered the stadium, the Brazilian government spent, on average, $600.
How much was the World Cup in Brazil?
According to estimates, that competition cost $11.6 billion. But now, the Mane Garrincha Stadium in Brasilia, which was built for nearly $1 billion, serves as a bus depot.
During the 2014 World Cup, how many people died?
Eight employees lost their lives in separate mishaps while constructing the World Cup's 12 arenas, which were beset by accidents, cost overruns, and delays.
To know more about average visit:
https://brainly.com/question/29306232
#SPJ1
________ have dominant strategies that make player decisions easy to predict.
a. All games b. Only prisoners dilemma games c. Only two types of games d. Only games involving firms e. Not all games
Not all games have dominant strategies that make player decisions easy to predict. However, some games do have dominant strategies, which are strategies that are the best choice for a player regardless of the other player's strategy. These dominant strategies can simplify decision-making and make it easier to predict the choices of other players. However, not all games have dominant strategies, and even in games that do have dominant strategies, there may be other factors at play that make the outcome less predictable.
Therefore, the answer is e. Not all games.
To know more about "Dominant strategy".
https://brainly.com/question/29771399
#SPJ11
regarding the same-day delivery venture, why are target’s partnerships important?
Regarding the same-day delivery venture, Target's partnerships are important for several reasons:
1. Enhanced customer experience: Partnering with reliable delivery service providers ensures that customers receive their orders promptly and efficiently, leading to higher customer satisfaction.
2. Expanded delivery network: Collaborating with established delivery partners allows Target to leverage their existing infrastructure and expertise, expanding their delivery network and reach to a wider customer base.
3. Cost efficiency: By partnering with delivery service providers, Target can save on the costs associated with building and maintaining its own delivery fleet and personnel.
4. Competitive advantage: Offering same-day delivery through partnerships can give Target a competitive edge over other retailers who may not have the same level of delivery service.
5. Improved operational efficiency: Partnerships enable Target to focus on its core business of retailing while leaving the logistics aspect to the delivery experts.
In summary, Target's partnerships in the same-day delivery venture are crucial for enhancing customer experience, expanding their delivery network, increasing cost efficiency, gaining a competitive advantage, and improving operational efficiency.
To know more about venture refer here:
https://brainly.com/question/28267670#
#SPJ11
what is the accelerating voltage of an x-ray tube that produces a spectrum of x rays, with the shortest wavelength being 0.038 nm ?
The accelerating voltage of the x-ray tube that produces a spectrum of x-rays with the shortest wavelength of 0.038 nm is approximately 1.03 million volts.
The accelerating voltage of an x-ray tube that produces a spectrum of x-rays with the shortest wavelength of 0.038 nm can be calculated using the equation E=hc/λ, where E is the energy of the photon, h is Planck's constant, c is the speed of light, and λ is the wavelength. Rearranging the equation, we get V = E/q, where V is the accelerating voltage and q is the charge of an electron.
Using the given wavelength of 0.038 nm, we can calculate the energy of the photon using E=hc/λ. Substituting the values, we get
E = (6.626 x 10⁻³⁴ J.s x 3 x 10^8 m/s) / (0.038 x 10⁻⁹ m)
E = 165.05 keV.
Next, we can calculate the accelerating voltage using V = E/q. The charge of an electron is 1.6 x 10^-19 C. Substituting the values, we get
V = (165.05 x 10³ eV) / (1.6 x 10⁻¹⁹ C)
V = 1.03 x 10⁶ V.
therefore voltage is 1.03 million volts.
Learn more about accelerating voltage https://brainly.com/question/31384904
#SPJ11
The accelerating voltage of the x-ray tube that produces a spectrum of x-rays with the shortest wavelength of 0.038 nm is approximately 1.03 million volts.
The accelerating voltage of an x-ray tube that produces a spectrum of x-rays with the shortest wavelength of 0.038 nm can be calculated using the equation E=hc/λ, where E is the energy of the photon, h is Planck's constant, c is the speed of light, and λ is the wavelength. Rearranging the equation, we get V = E/q, where V is the accelerating voltage and q is the charge of an electron.
Using the given wavelength of 0.038 nm, we can calculate the energy of the photon using E=hc/λ. Substituting the values, we get
E = (6.626 x 10⁻³⁴ J.s x 3 x 10^8 m/s) / (0.038 x 10⁻⁹ m)
E = 165.05 keV.
Next, we can calculate the accelerating voltage using V = E/q. The charge of an electron is 1.6 x 10^-19 C. Substituting the values, we get
V = (165.05 x 10³ eV) / (1.6 x 10⁻¹⁹ C)
V = 1.03 x 10⁶ V.
therefore voltage is 1.03 million volts.
Learn more about accelerating voltage https://brainly.com/question/31384904
#SPJ11
False or True? Why?
1. Which item to order and with which supplier the order should be placed are the two fundamental issues in inventory management.
2. Variability in demand and/or lead time can be compensated for by safety stock.
3. A fixed order quantity/reorder point model for inventory control is usually used with temporary tracking.
4. Holding or carrying cost is directly proportional to order size, as order size increases, so does the holding cost.
Answer one of the following two questions
5. Average daily demand for a subcomponent during its lead time (Which is fixed at four days) is normally distributed with a mean of 15 units and a standard deviation of 2 units. Answer these questions, If the manager wants a service level of 97 percent during a lead time: a. How many subcomponents of safety stock should be held? b. What reorder point should be used?
6. A car rental agency uses 69 boxes of staples a year. The boxes cost $4 each. It costs $15 to order staples, and holding costs are $0.80 per box on an annual basis. Determine: a. the order quantity that will minimize the sum of ordering and holding boxes of staples b. the annual cost of ordering and carrying the boxes of staples
1. True. Ordering the right item from the right supplier is crucial for effective inventory management.
2. True. Safety stock can compensate for variability in demand and lead time to ensure that enough inventory is available to meet customer demand.
3. False. The fixed order quantity/reorder point model is typically used with continuous tracking of inventory levels.
4. False. Holding or carrying cost is inversely proportional to order size, as larger order sizes result in fewer orders and less holding cost per unit.
5. a. The subcomponent should have a safety stock of 6 units.
b. The reorder point should be set at 81 units.
6. a. The order quantity that will minimize the sum of ordering and holding costs is 29 boxes.
b. The annual cost of ordering and carrying the boxes of staples will be $46.77.
The Economic Order Quantity (EOQ) formula is used to calculate the optimal order quantity that minimizes the sum of ordering and holding costs. The formula is derived by balancing the cost of placing an order (ordering cost) with the cost of holding inventory (holding cost).
a. The EOQ formula is calculated as √(2DS/H) where D is the annual demand (69 boxes), S is the ordering cost per order ($15), and H is the holding cost per box ($0.80). Substituting the values into the formula, we get √(26915/0.80) ≈ 29. Therefore, the order quantity that will minimize the sum of ordering and holding boxes of staples is 29 boxes.
b. To calculate the annual cost of ordering and carrying the boxes of staples, we need to multiply the order quantity by the ordering cost and the holding cost, and add them up. The annual cost can be expressed as Annual Ordering Cost + Annual Holding Cost. Annual Ordering Cost = (Annual Demand/Order Quantity) * Ordering Cost = (69/29) * 15 = $35.17. Annual Holding Cost = (Order Quantity/2) * Holding Cost = (29/2) * 0.80 = $11.60. Therefore, the annual cost of ordering and carrying the boxes of staples is $35.17 + $11.60 = $46.77.
To learn more about Economic Order Quantity, here
https://brainly.com/question/16986815
#SPJ4
To successfully maintain a tacit collusion, a precommitment strategy must O A. reinforce managers' best strategy of charging a price higher than the monopoly price. OB. allow managers to temporarily charge a price lower than the collusive price. O C. reduce the profit from charging any price other than the collusive price. OD. open options to charge whatever price maximizes the firm's profit.
To successfully maintain a tacit collusion, a recommitment strategy must reduce the profit from charging any price other than the collusive price.
This is because recommitment strategies involve making a commitment to adhere to a certain pricing strategy, which reduces the temptation for firms to deviate from the collusive agreement. By reducing the profit from charging any price other than the collusive price, firms are less likely to break the agreement and engage in price competition that could harm the overall profits of the group. Therefore, recommitment strategies are an effective way for firms to maintain a collusive agreement and avoid a monopoly outcome.
Read more about recommitment here:https://brainly.com/question/30266273
#SPJ11
2. How was Walgreens able to apply marketing research insights to boost revenues in a sluggish economy?
Group of answer choices
Repositioning from a low-cost health care brand to a premium health care brand
Repositioning from a convenience store image to a premium health care brand
Conveying the key message of everyday low prices
Improving awareness of local store locations
Walgreens was able to apply marketing research insights to boost revenues in a sluggish economy by repositioning from a convenience store image to a premium health care brand. They focused on providing more health care services, such as immunizations and health screenings, which helped to lower health care costs for customers.
This repositioning strategy helped to differentiate Walgreens from competitors and attract customers who were looking for affordable health care options. By improving their brand image and providing more valuable services, Walgreens was able to increase revenues even in a sluggish economy.
Any method or collection of procedures used by businesses to gather data in order to better understand their target market is referred to as marketing research. Companies use this information to increase their UX, upgrade their products, and provide customers with better products.
To know more about marketing research visit : https://brainly.com/question/30651551
#SPJ11
If a profit-maximizing monopolist receives a fixed subsidy:MR would be decreased at every level of outputTR would be decreased at every level of output.MR would be increased at every level of output.TR would be increased at every level of output.
If a profit-maximizing monopolist receives a fixed subsidy, the MR (marginal revenue) would be increased at every level of output, while the TR (total revenue) would also be increased at every level of output.
If a profit-maximizing monopolist receives a fixed subsidy, the MR (marginal revenue) would be increased at every level of output, while the TR (total revenue) would also be increased at every level of output. This is because the fixed subsidy would lower the monopolist's costs, allowing them to produce more output at a lower cost. As a result, the monopolist would be able to sell more units of output at a lower price, increasing their MR and TR. Therefore, the correct option is that MR would be increased at every level of output and TR would be increased at every level of output.
Learn more about fixed subsidy here
https://brainly.com/question/29526404
# SPJ11
If a profit-maximizing monopolist receives a fixed subsidy, the marginal revenue (MR) would be increased at every level of output, but the total revenue (TR).
The fixed subsidy is a payment to the monopolist that does not depend on the level of output. This means that the monopolist's costs are reduced by the amount of the subsidy, and the monopolist can increase its profit by reducing the price and increasing the quantity sold.
When the monopolist reduces its price, it increases the quantity sold, and the marginal revenue increases. This is because the monopolist can sell more units at a lower price, and the additional revenue from each unit sold is greater than the reduction in price. Therefore, the MR curve shifts upward.
To learn more about monopolist, visit here
https://brainly.com/question/14055453
#SPJ4
Many costs are associated with owning a car. Assuming that miles driven is the volume activity, classify each of the following costs associated with car ownership as mainly variable or fixed. a. Purchase price of the car $25,000 b. Finance charges on car loan c. Gas d. Oil changes every 5,000 miles e. Replacement tires f. Insurance costs of $100 per month g. License plate/registration of $200 per year h. SiriusXM Radio subscription cost i. Car washes (one per week) j. Monthly parking fees for work lot k. Traffic violation ticket
The costs associated with car ownership as mainly variable or fixed:
a. Purchase price of the car $25,000: Fixed
b. Finance charges on car loan: Fixed
c. Gas: Variable
d. Oil changes every 5,000 miles: Variable
e. Replacement tires: Variable
f. Insurance costs of $100 per month: Fixed
g. License plate/registration of $200 per year: Fixed
h. SiriusXM Radio subscription cost: Fixed
i. Car washes (one per week): Variable
j. Monthly parking fees for work lot: Fixed
k. Traffic violation ticket: Variable
Know more about variable and fixed costs here:
https://brainly.in/question/6662247
#SPJ11
the full benefits of coordination requires every stage of the supply chain to focus on
The full benefits of coordination in the supply chain can only be realized when every stage of the process is focused on working together.
The full benefits of coordination in the supply chain can only be realized when every stage of the process is focused on working together. This means that from the suppliers of raw materials to the manufacturers, distributors, and ultimately the end consumer, everyone must be working in harmony to achieve the desired outcome. Effective coordination ensures that there is timely and accurate communication between all parties, which in turn leads to improved efficiency, cost savings, and better customer satisfaction. Therefore, it is essential for all stakeholders in the supply chain to understand the importance of coordination and work towards achieving it at every stage.
Learn more about supply chain here
https://brainly.com/question/30086410
#SPJ11
139. Job rotation, matrix management, and project teams are all environmental strategies for employee development. True False
True, job rotation, matrix management, and project teams are all environmental strategies for employee development.
Job rotation involves moving employees through different roles within an organization to develop their skills and knowledge in various areas. Matrix management is a type of organizational structure where employees are assigned to multiple teams or projects, which can help them develop skills in different areas and work with different people. Project teams are groups of employees brought together for a specific project, allowing them to learn from each other and develop skills through the completion of the project.
Learn more about management here:
https://brainly.com/question/29023210
#SPJ11
7.provide an example of a social way of communicating risk and provide an example of an antisocial way of communicating risk.
Antisocial behaviors (sometimes called dissocial behaviours) are actions which are considered to violate the rights of others by committing crime, such as stealing and physical attack in addition to other noncriminal behaviors such as lying and manipulation. It is considered to be disruptive to others in society.
Why the antisocial way of communicating is risk?
This can be carried out in various ways, which includes, but is not limited to, intentional aggression, as well as covert and overt hostility.Anti-social behaviour also develops through social interaction within the family and community. It continuously affects a child's temperament, cognitive ability and their involvement with negative peers, dramatically affecting children's cooperative problem-solving skills. Many people also label behaviour which is deemed contrary to prevailing norms for social conduct as anti-social behaviour.However, researchers have stated that it is a difficult term to define, particularly in the United Kingdom where many acts fall into its category. The term is especially used in British English.A social way of communicating risk could involve openly discussing potential hazards in a group setting, such as during a team meeting at work. For instance, if a new project has potential safety risks, team members can discuss the risks together and brainstorm ways to minimize or mitigate them. This promotes collaboration and ensures everyone is informed about the risks involved.An antisocial way of communicating risk, on the other hand, might involve a person sharing concerns about potential risks only with select individuals or not communicating them at all. This can create a lack of transparency and hinder effective problem-solving, as others may not be aware of the risks and might not have the opportunity to contribute to finding solutions.
to know more about the stealing:
brainly.com/question/31700063
#SPJ11
suppose a firm produces 1000 units of a good. if fixed costs (fc) equal $2500 and variable costs (vc) equal $3700 at that output level, average total cost (atc) of each unit is equal to $
The average total cost (ATC) of each unit is equal to $6.20. To calculate the average total cost (ATC) per unit, you first need to determine the total cost (TC), which is the sum of fixed costs (FC) and variable costs (VC). Then, divide the total cost by the number of units produced.
To find the average total cost (ATC) of each unit produced, we need to use the formula:
ATC = (FC + VC) / Q
where FC is the fixed cost, VC is the variable cost, and Q is the quantity produced.
Plugging in the given values, we get:
ATC = ($2500 + $3700) / 1000
ATC = $6.20
Therefore, the average total cost of each unit produced is $6.20.
Learn more about total cost here:
https://brainly.com/question/28652728
#SPJ11
Alice and Bob are talking using some self-made secure massager about a deal, suppose Alice and Bob already shared a secret key k, and when sending a message m (denoting a price), Alice's messenger client encrypts the message and sends c=mek (here is defined as 11=0,000= 0,10=001= 1, and if x, y is multi-bit string, ry basically means bit-wise of x and y.). Suppose now m= 64 (for a proposed dinner budget) whose bitwise representation is 1000000. Eve is the server hosting the messaging service, basically Alice sends c to Eve, and Eve forwards it. A malicious Eve, now seeing a ciphertext c, without knowing mor k, simply computes d' = c 1010000 and forwards d to Bob.
In this scenario, Alice and Bob are communicating securely using a shared secret key k to encrypt their messages. Alice's messenger client encrypts the message m, which represents a proposed dinner budget of 64, using the key k and sends the resulting ciphertext c=mek to Eve. However, Eve is a malicious server and does not know the secret key k, but she still intercepts the ciphertext c and forwards it to Bob.
Eve then computes a new ciphertext d' by performing a bitwise operation of c and 1010000, which is equivalent to flipping the 5th bit of the original message m. Bob receives the new ciphertext d and decrypts it using the shared key k to retrieve the message m. However, since Eve has tampered with the original message by flipping the 5th bit, Bob receives a different message than what Alice had intended to send.
This highlights the importance of using secure communication channels and ensuring that only trusted parties have access to the secret key used for encryption. In this case, Eve's malicious actions were able to compromise the integrity of the communication between Alice and Bob.
Learn more about "communication channels" https://brainly.com/question/25630633
#SPJ11
If the Detroit Pistons raise their ticket prices and see ticket revenues fall (holding all else equal), we can conclude that (a) the supply of tickets is too high. (b) the demand for tickets is too low. (c) the demand for tickets is price inelastic. (d) the demand for tickets is price elastic.
If the Detroit Pistons raise their ticket prices and see ticket revenues fall, we can conclude that the demand for tickets is price elastic. This means that a change in the price of tickets results in a proportional change in the quantity demanded.
If the demand for tickets were price inelastic, we would expect to see little change in the quantity demanded when prices increase. The fact that ticket revenues fell despite the price increase suggests that fans were not willing to pay the higher prices.
This could be due to a number of factors, such as a weak economy or competition from other entertainment options. Alternatively, it could be that the supply of tickets is too high, leading to excess inventory that cannot be sold at the higher price point.
Regardless of the cause, the fact that ticket revenues fell indicates that the Pistons may need to re-evaluate their pricing strategy. If they continue to raise prices in the face of price elastic demand, they risk alienating fans and losing revenue. On the other hand, if they lower prices, they may be able to stimulate demand and increase overall revenues.
Overall, the situation with the Detroit Pistons highlights the importance of understanding the price elasticity of demand for a given product or service. By carefully analyzing the market and adjusting pricing strategies accordingly, businesses can optimize revenues and stay competitive in the long term.
To know more about price elastic refer here
brainly.com/question/13565779#
#SPJ11
Celtic Services has an October 31 fiscal year-end. Review the following note receivable transactions in the journal of Celtic Services: (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the preceding note receivable transactions in the journal of Celtic Services. Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. (Record debits first, then credits. Exclude explanations from any journal entries.) Aug 1 Loaned $11,000 cash to Brody Dowling on a one-year, 6% note. Journal Entry Date Accounts Debit Credit Aug 1 More Info X Requirements Aug 1 Loaned $11,000 cash to Brody Dowling on a one-year, 6% note. Oct 6 Performed service for Green Pro, receiving a 90-day, 10% note for $6,000 16 Received a $4,000, six-month, 12% note on account from Vaseron Company 31 Accrued interest revenue for the year. 1. Record the note receivable transactions in the journal of Celtic Services. Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. How much interest revenue did Celtic earn this year? 2. Print Done
Journal Entries for Note Receivable Transactions:
Aug 1
Notes Receivable $11,000
Cash $11,000
Oct 6
Notes Receivable $6,150 ($6,000 + $150 interest)
Service Revenue $6,000
Interest Revenue $150
Oct 16
Notes Receivable $4,480 ($4,000 + $480 interest)
Accounts Receivable $4,000
Interest Revenue $480
Dec 31
Interest Receivable $497 ($11,000 x 6% x 2/12 + $6,150 x 10% x 2/12 + $4,480 x 12% x 1/12)
Interest Revenue $497
Interest Receivable $497
Celtic Services earned $1,127 ($150 + $480 + $497) in interest revenue this year.
Note: The interest calculation for each note was as follows:
Brody Dowling's note: $11,000 x 6% = $660
Green Pro's note: $6,000 x 10% x 90/365 = $150
Vaseron Company's note: $4,000 x 12% x 1/2 = $480
Learn more about Transactions here:
https://brainly.com/question/24730931
#SPJ11