5. A manufacturing firm produces widgets and distributes them to five wholesalers at a fixed delivered price of $2.50 per unit. Sales forecasts indicate that monthly deliveries will be 2700, 2700, 9000, 4500 and 3600 widgets to wholesalers 1-5 respectively. The monthly production capacities are 4500, 9000 and 11,250 at plants 1, 2 and 3, respectively. The direct costs of producing each widget are $2 at plant 1, $1 at plant 2 and $1.80 at plant 3. The transport cost of shipping a widget from a plant to a wholesaler is given below.
Plant/wholesaler 1 2 3 4 5
Plant 1 0.05 0.07 0.11 0.15 0.16
Plant 2 0.08 0.06 0.10 0.12 0.15
Plant 3 0.10 0.09 0.09 0.09 0.16
Required:
A) Formulate an LP model for this production and distribution problem.
B) Find the Initial Basic Feasible Solution through VAM.
C) Test the optimality of VAM’s solution through MODI method.
A) Formulating the LP model for this problem would involve the following steps:
Identifying the decision variables: The decision variables in this problem would be the number of widgets to be produced at each plant and the number of widgets to be delivered from each plant to each wholesaler.
Defining the objective function: The objective of this problem is to minimize the total cost of production and distribution, which would be the sum of the direct costs of producing each widget and the transport costs of shipping the widgets from the plants to the wholesalers.
Defining the constraints: The constraints in this problem would include production capacity constraints, which specify the maximum number of widgets that can be produced at each plant, and demand constraints, which specify the number of widgets that must be delivered to each wholesaler.
The LP model can be written as:
Minimize Z = 2x1 + x2 + 1.8x3 + 0.05x11 + 0.07x12 + 0.11x13 + 0.15x14 + 0.16x15 + 0.08x21 + 0.06x22 + 0.1x23 + 0.12x24 + 0.15x25 + 0.1x31 + 0.09x32 + 0.09x33 + 0.09x34 + 0.16x35
Subject to:
x1 <= 4500 (Production constraint at plant 1)
x2 <= 9000 (Production constraint at plant 2)
x3 <= 11,250 (Production constraint at plant 3)
x11 + x12 + x13 + x14 + x15 = 2700 (Demand constraint for wholesaler 1)
x21 + x22 + x23 + x24 + x25 = 2700 (Demand constraint for wholesaler 2)
x31 + x32 + x33 + x34 + x35 = 9000 (Demand constraint for wholesaler 3)
x41 + x42 + x43 + x44 + x45 = 4500 (Demand constraint for wholesaler 4)
x51 + x52 + x53 + x54 + x55 = 3600 (Demand constraint for wholesaler 5)
x1, x2, x3, xij >= 0 (Non-negativity constraints)
B) Finding the Initial Basic Feasible Solution through VAM (Variable Addition Method) would involve the following steps:
Setting up the initial feasible solution by assigning 0 to all the decision variables.
Determining the entering variable by selecting the non-basic variable with the most negative reduced cost.
Determining the leaving variable by selecting the basic variable with the smallest positive ratio of the right-hand side constraint to the coefficient of the entering variable.
Updating the basic feasible solution by replacing the leaving variable with the entering variable.
Repeating steps 2 to 4 until all the reduced costs are non-negative.
C) Testing the optimality of VAM’s solution through MODI method (Modified Distribution Method) would involve the following steps:
Forming the inverse matrix by calculating the inverse of the matrix of coefficients of the basic variables.
Calculating the vector of reduced costs by multiplying the inverse matrix with the objective function coefficients of the non-basic variables.
Checking if all the reduced costs are non-negative, if so, the solution is optimal.
If not, select the entering variable with the most negative reduced cost and repeat steps 1 to 3 until all the reduced costs are non-negative
Boat Builders Incorporated budgets overhead cost of $1,680,000 for the year; of this amount, $960,000 is traceable to the Assembly department and $720,000 is traceable to the Finishing department. The company manufactures two types of boats: Fishing and Yachts. Budgeted direct labor hours for the Fishing model are 28 in Assembly and 4 in Finishing. Budgeted direct labor hours for the Yacht model are 36 in Assembly and 12 in Finishing. The company budgets production of 400 units of the Fishing model and 400 units of the Yacht model for the year. Compute departmental overhead rates for each department using direct labor hours for that department Multiple Choice
The overhead rate for the assembly department is $37.5 per hour, while the overhead rate for the finishing department is $112.5 per hour.
In business, the overhead rate refers to the production cost of a service or product. This rate is calculated using the following equation:
Overhead rate = Manufacturing overhead cost / total amount of the allocation base (hours that production takes)Based on this, let's calculate the rate for each department:
Assembly department:The manufacturing overhead cost is $960,000
Direct labor hours:Fishing model: 28 hours x 400 units = 11,200
Yacht: 36 hours x 400 units = 14,400
Total direct labor hours = 11,200 + 14,400 = 25,600
Overhead rate = $960,000 / 25, 600 = $37.5 per hour
Finishing department:
The manufacturing overhead cost is $720,000
Direct labor hours:
Fishing model: 4 hours x 400 units = 1,600
Yacht: 12 hours x 400 units = 4,800
Total direct labor hours = 1,600 + 4,800 = 6,400
Overhead rate = $720,000/ 6,400 = $112.5 per hour
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Advise business on the role of intermediaries in the distribution process.
Intermediaries, in business and marketing, are those that act as a middleman between the producer and the consumer. The role of intermediaries in the distribution process of goods and services is to ensure that products and services are moved from the producer to the consumers.
There are several types of intermediaries in the distribution process, including wholesalers, retailers, agents, and brokers. They play a crucial role in the distribution process in the following ways:
Assist in Sorting and Selection: Intermediaries help producers to sort and select their products, which saves time and money for producers.Assist in Breaking Bulk: Intermediaries buy goods in large quantities from producers and then break them into smaller quantities. This makes it possible for producers to sell their products in smaller quantities, making it possible for consumers to afford them.Helps in Transporting Goods: Intermediaries help in transporting products from producers to consumers by offering transportation services at lower costs. They also assist in the warehousing of goods, which helps in the storage and protection of goods.Assist in Financing: Intermediaries play an important role in financing. They buy goods from producers, hold them, and then sell them to consumers. This helps to reduce the risk of loss for producers by providing cash up front for goods sold. They also offer credit facilities to consumers, which makes it possible for them to buy goods without having to pay cash upfront.Help in Providing Information: Intermediaries help to provide information about products and services to consumers, making it easier for them to make informed decisions. They also help to provide feedback to producers about the quality of their products and services.For more such questions on marketing
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The difference between the lower class limits of adjacent classes provides?
Answer:
C
Explanation:
When researching and planning for your future career, you should consider these things about yourself?
O your hobbies and interests
O your personality
o the things you do well
o all of the above
QUESTION 39
Which of the following is true regarding an exclusive agency listing?
The broker has the exclusive right to sell the property for a specified period of
O The broker operating under this listing is entitled to a commission only if he or
The seller has the right to sell the property himself or herself without being ob
O The seller must pay the broker his or her commission irrespective of who foun
Regarding an exclusive agency listing, the correct statement is:
Only if the broker who operates under this listing finds a buyer for the property is entitled to a commission.
Who are Brokers?Brokers are professionals who connect buyers and sellers of a variety of assets, including stocks, bonds, real estate, and commodities. By bringing together buyers and sellers and assisting them in negotiating deals that are advantageous to both parties, their function is to facilitate transactions.
Brokers are licensed professionals who help clients buy, sell, or rent homes in the real estate industry. They may work for a real estate agency or independently and typically receive a commission based on the transaction's value. Market research, property advertising, showing properties to potential buyers, and contract negotiation are all responsibilities of brokers. They are also in charge of making sure that the transaction goes according to all of the legal and regulatory requirements.
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April's credit card has a balance of $483.42, but the amount that she needs to pay to bring the
card to a $0 balance is $726.18 because she missed a payment. What is April's interest rate?
The interest rate for April is 50.29%.
What is Interest ?In the fields of finance and economics, interest is the payment of a sum over and above the principal amount to a lender or depositor by a borrower or deposit-taking financial institution at a set rate.
It is not the same as a fee that the borrower might pay to the lender or another entity.
Given that April's credit card debt is $483.42 but that he needs to make a payment of $726.18, the interest rate for non-payment that he is subject to is as follows:
483.42 = 100
726.18 = X
((726.18 x 100) / 483.42) = X
= X
Consequently,
since 150.29 = 150.29 - 100 = 50.29 %
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What is the residual income(loss) if a company has sales of $205,000, cost of goods sold of $115,000, operating expenses of $40,000, average invested assets of $915,000, and hurdle rate of 12.75 percent?
Answer:
Following are the solution to this question:
Explanation:
value Amount
Sale \(\$ 205,000\)
The less cost of product sol \(\$115,000\)
The less operate expenses \(\$40,000\)
Earning \(= \$205,000- \$115,000 - \$40,000 = \$ 50,000\)
Average funds invested \(\$915,000\)
Investment return \(= \frac{ \$50,000}{\$915,000} \times 100 = 5.464 \%\)
Required Income \(= \$ 915,000\times 12.75\% = \$ 116,662.5\)
Residual Income (Loss) \(= \$50,000 - \$116,662.5 = (\$66,662.5)\)
Help I’ll give you 30 pts
Answer:
Dejé caer las pastillas
Ellas perdieron la recepie
Tengo la radiografia
Explanation:
aquí ypu va! ¡Espero que esto ayude!
Tina works outdoors nearly all the time. She and her team clean up roads and fix holes in them. Her job is best
described as
Alma works in an office building, where she operates engines and makes sure all the systems for heat, power, and
other utilities are working properly. Her job is best described as
Every day, Sean drives to the homes of a few different customers, where he fixes washing machines and dryers. His
job is best described as
Answer:
Tina: Highway Maintenance Worker
Alma: Stationary Engineer
Sean: Home Appliance Repairer
Have a good day :)
Tina works outdoors nearly all the time. She and her team clean up roads and fix holes in them. Her job is best described as
✔ Highway Maintenance Worker
Alma works in an office building, where she operates engines and makes sure all the systems for heat, power, and other utilities are working properly. Her job is best described as
✔ Stationary Engineer
Every day, Sean drives to the homes of a few different customers, where he fixes washing machines and dryers. His job is best described as
✔ Home Appliance Repairer
Explanation:What will happen in the market for wine if the price of cheese increases (wine and cheese are complements)?
If wine and cheese are complement goods, when the price of cheese increases, the demand for wine would decrease.
What are complement goods?Complement goods are goods that are consumed together. An example of complement goods are bread and jam.
According to economic theory, there is an inverse relationship between price and the quantity demanded. When the price of one of the complement good increases, it would become more expensive to consume the good. Thus, there would be a decrease in demand for that good. As a result of the decrease in quantity demanded, there would b a decrease in demand of the other complement good.
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Question 19
Which of the following is the best example of a business demonstrating philanthropy?
committing to reduced emissions
O donating medial supplies in countries where it is needed
O exceeding safety requirement in everyday áctivities
O guaranteeing a cost of living increase for employees
4 pts
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The best example of a business demonstrating philanthropy is donating of medial supplies in countries where it is needed.
What does philanthropy mean?Basically, philanthropy mean charitable acts or other good works that help others or society as a whole. It include donating of money to a worthy cause or volunteering time, effort, or other forms of altruism.
Philanthropy does involves a charitable giving to worthy causes on a large scale but it is much more than just a charitable donation. It is also an effort an individual or organization undertakes based on an altruistic desire to improve human welfare, and wealthy individuals sometimes establish private foundations to facilitate their philanthropic efforts.
The nonprofits are organizations set up to support a variety of social causes such as educational, health, scientific, public safety, and human rights. In United States, organizations that qualify as nonprofits are exempted from federal tax liability under the Internal Revenue Code.
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Nonprobability sampling is an objective procedure in which the probability of selection for the population units can be determined.
A. True
B. False
Answer:
False
Explanation:
Nonprobability sampling is a type of sampling where there is zero chance of selection in the population unit. In this type of sampling, the probability of selection cannot be accurately determined.
In nonprobability sampling, the use of quota or convenience can be used as non-random criteria for unit selection.
Probability sampling involves random selection while nonprobability sampling does not involve random selection.
On October 1, 2020, Mertag Company (a U.S.-based company) receives an order from a customer in Poland to deliver goods on January 31, 2021, for a price of 1,000,000 Polish zlotys (PLN). Mertag enters into a forward contract on October 1, 2020, to sell PLN 1,000,000 in four months (on January 31, 2021). U.S. dollar–Polish zloty exchange rates are as follows:
Date Spot Rate Forward Rate
(to January 31, 2021)
October 1, 2020 $ 0.25 $ 0.29
December 31, 2020 0.28 0.31
January 31, 2021 0.30 N/A
Mertag designates the forward contract as a fair value hedge of a foreign currency firm commitment. The fair value of the firm commitment is measured by referring to changes in the forward rate, and, therefore, forward points are included in assessing hedge effectiveness. Mertag must close its books and prepare financial statements on December 31. Discounting to present value can be ignored.
Prepare journal entries for the foreign currency forward contract, foreign currency firm commitment, and export sale.
Determine the net benefit, if any, realized by Mertag from entering into the forward contract.
Answer: JANUARYYYYYYYYYYYYYYYYYYY
Explanation:
Mertag enters into a forward contract on October 1, 2020, to sell PLN 1,000,000 in four months SO IT WILL BE JANUARYYYY
MARK ME AS BRAINLEST PLEASEEEEE
On January 1, 2020, a company buys a piece of equipment costing $666,633 with a 14% installment note. The note will be paid off with 6 semiannual payments over three years (2 payments a year for 3 years). Each payment is $139,857.
Required:
Prepare the installment note schedule
Answer:
Installment Note Schedule:
Period Beginning Balance Interest Principal Ending Balance
1. Year #1 $666,633.00 $46,664.31 $93,192.49 $573,440.51
2. Year #1 $573,440.51 $40,140.84 $99,715.97 $473,724.54
3. Year #2 $473,724.54 $33,160.72 $106,696.09 $367,028.45
4. Year #2 $367,028.45 $25,691.99 $114,164.81 $252,863.64
5. Year #3 $252,863.64 $17,700.45 $122,156.35 $130,707.29
6. Year #3 $130,707.29 $9,149.51 $130,707.29 $0.00
Explanation:
a) Data and Calculations:
Cost of equipment = $666,633
Rate of interest = 14%
Payment terms = semiannual payments over three years
Payment for each period = $139,857
Loan Amount $666,633
Loan Term 3 years 0 months
Interest Rate 14
Compound Semi-annually
Pay Back Every 6 Months
Results:
Payment Every 6 Months = $139,856.80 = $139,857 approx.
Total of 6 Payments = $839,140.82
Total Interest = $172,507.82
Enzo is preparing a resume for his very first job. He doesn’t know what to list for his skills. He asks his teacher for advice on how to complete this portion of his resume. What is the BEST advice this teacher should give Enzo? A. Leave the skills section blank because there is no work experience. B. Make up skills that you think the employer wants to see on a resume. C. List your best attitudes and behaviors that employers find helpful. D. Write vague skills like “Digital Fluency” that require more explanation.
The best advice that Enzo's teacher can give him is to list his best attitudes and behaviors that employers find helpful. Everyone has skills that they've developed through their hobbies, interests, and school work. Enzo needs to identify what those skills are and how they can be useful to potential employers. The correct option is C.
Making up skills that he thinks the employer wants to see on a resume is not a good idea. Employers can easily see through this and it may come across as dishonest. In addition, if Enzo gets hired, he may not be able to perform the tasks associated with the skills he claimed to have. Listing vague skills like "Digital Fluency" that require more explanation is not helpful either. This may confuse employers and they may not understand what Enzo is trying to say. It's important to be specific about the skills he possesses and how he can apply them to the job.
In conclusion, Enzo should focus on listing his best attitudes and behaviors that employers find helpful. This will demonstrate his potential to be a valuable employee, even if he doesn't have any work experience yet. He should also be specific about the skills he possesses and how they can be applied to the job. By doing this, Enzo can increase his chances of getting hired for his first job. The correct option is C.
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Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $360,000 of indirect costs. The bankwide rate could be based on either direct labor hours (DLH) or the number of loans processed. The departmental rates would be based on direct labor hours for Consumer Loans and a dual rate based on direct labor hours and the number of loans processed for Commercial Loans. The following information was gathered for the upcoming period:
Department DLH Loans Processed Direct Costs
Consumer 17,000 500 $ 290,000
Commercial 6,000 400 $ 190,000
If Banc Corp. Trust uses a bankwide rate based on the number of loans processed, what would be the total costs for the Consumer Department?
Answer:
Consumer Department= $200,000
Explanation:
Giving the following information:
Loans Processed
Consumer= 500
Commercial= 400
Total= 900
Total estimated overhead= $360,000
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= $400 per loan processed
Now, we can allocate overhead to Consumer Department:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Consumer Department= 400*500
Consumer Department= $200,000
all costs in a merchandising company are period costs. period costs are expensed when incurred. inventoriable costs are expensed in the period in which they are incurred. period costs do not flow through the inventory accounts. T/f
Period costs are additionally recognized as inventoriable costs. 6. All charges in a merchandising corporation are length costs.
Are length fees expensed when incurred?Period prices are prices that can't be capitalized on a company's stability sheet. In different words, they are expensed in the length incurred and show up on the earnings statement. Period prices are also referred to as duration expenses.
Inventoriable costs, additionally known as product costs, refer to the direct costs associated with the manufacturing of products and in getting them equipped for sale. Often, inventoriable charges encompass direct labor, direct materials, manufacturing unit overhead, and freight-in.
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https://brainly.com/question/14926167#SPJ4Which of the following statements is false when considering cost behavior within the relevant range? Multiple Choice A variable cost remains constant, in total, as the activity level changes. A variable cost is constant if expressed on a per unit basis. A fixed cost remains constant, in total, regardless of changes in the level of activity. The average fixed cost per unit varies inversely with changes in the level of activity < Prev 4 of 40 !!! Ne>>
The choice A is correct. A variable cost stays the same regardless of the activity level.
What Is a Cost That Is Variable?A variable cost is a corporate expense that changes in proportion to a company's production or sales volume. Variable costs rise when production rises and fall when production falls in response to a company's sales or production volume.
Variable costs include the costs of raw materials and packaging in a manufacturing company as well as credit card transaction fees and shipping costs in a retail business that fluctuate with sales. The total costs of a business are comprised of both variable and fixed costs. Sales or production output have an effect on variable costs.
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Why does the government sometimes use an expansionary fiscal policy?
Costs from Beginning Inventory Costs from Current Period
Direct materials $5,100 $25,200
Conversion costs $5,300 143,700
At the beginning of the period, there were 400 units in process that were 45% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 5,200 units were started and completed. Ending inventory contained 300 units that were 35% complete as to conversion costs and 100% complete as to materials costs. Assume that the company uses the FIFO cost flow method. The cost of completing a unit during the current period was:________
Answer:
$30.59
Explanation:
Note that the FIFO method is used for this question
Equivalent Units
Materials = 5,200 x 100 % + 300 x 100 % = 5,500
Conversion Costs = 400 x 55 % + 5,200 x 100 % + 300 x 35 % = 5,525
Total Costs
Materials = $25,200
Conversion Costs = $143,700
Cost per Equivalent unit
Materials = $25,200/5,500 = $4.58
Conversion Costs = $143,700/5,525 = $26.01
Total Cost = $4.58 + $26.01 = $30.59
Conclusion
The cost of completing a unit during the current period was $30.59
Write the quadratic equation in standard form that corresponds to the graph shown below.
The quadratic equation of the graph in standard form is y = x² + 2x - 8
What is a quadratic equation in standard form?A quadratic equation in standard form is given by y = ax² + bx + c
Given the graph below, to write the quadratic equation for the graph in s tandard form, we notice that the graph has two x - intercepts at
(-4, 0) and(2, 0)The x - intercepts are the roots of the quadratic equation.
So, we have that
x = -4 andx = 2So,
x + 4 = 0 andx - 2 = 0So, the factors of the quadratic equation are
x + 4 andx - 2So, multiplying the factors, we have that the equation is
y = (x + 4)(x - 2)
= x² - 2x + 4x + 4 × (-2)
= x² - 2x + 4x - 8
= x² + 2x - 8
So, the quadratic equation is y = x² + 2x - 8
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Suppose Happy Dog Soap Company is evaluating a proposed capital budgeting project (project Beta) that will require an initial investment of $3,225,000. The project is expected to generate the following net cash flows:
Year Cash Flow
Year 1 $275,000
Year 2 $475,000
Year 3 $400,000
Year 4 $500,000
Happy Dog Soap Company's weighted average cost of capital is 8%, and project Beta has the same risk as the firm's average project. Based on the cash flows, what is project Beta's NPV?
a. -$5,056,663
b. -$1,831,663
c -$2,106,412
d. -$2,197,996
Answer:
-$1,878,086.608
Explanation:
The computation of the net present value is shown below;
(in dollars) (in dollars)
Year Cash flows Discount factor Present value
0 -3225000 1 -3225000 (A)
1 275000 0.9259259259 254629.630
2 475000 0.8573388203 407235.940
3 400000 0.793832241 317532.896
4 500000 0.7350298528 367514.926
Total 1346913.392 (B)
Net present value -$1,878,086.608 (A - B)
This is the answer but the same is not provided in the given options
Read the following scenario and answer the question below:
You are a public relations officer working for a local non-profit organisation called "Green Future" that focuses on promoting sustainable practices and environmental awareness in the community. The organisation has just launched a new initiative to encourage people to reduce their plastic waste and switch to reusable alternatives.
3.1. Write a press release to send to various media houses to promote this initiative and raise awareness about the importance of reducing plastic waste. Your press release should be structured according to the press release example provided in ‘Additional Resources/Supplementary Exam. Please note: The address, contact details and content provided in the press release are just an example of what should be included in your press release, and how it should be structured. For your press release you must write in your own, original words.
Also, as this is a hypothetical case study, you may make up your own address and contact details for “Green Future. (20)
FOR IMMEDIATE RELEASE
Green Future Launches Groundbreaking Initiative to Reduce Plastic Waste and Promote Sustainability
[City, Date] – Green Future, a local non-profit organization committed to fostering sustainable practices and raising environmental awareness, is proud to announce the launch of an innovative initiative aimed at reducing plastic waste and encouraging the adoption of reusable alternatives within the community.
Plastic pollution has become a pressing issue globally, posing significant threats to our environment, wildlife, and human health. With this new initiative, Green Future aims to tackle this problem head-on by empowering individuals to make conscious choices that can have a lasting positive impact on the planet.
Under the program, Green Future will engage with local businesses, educational institutions, and community members to promote the importance of reducing plastic waste. The initiative will provide educational resources, organize workshops, and distribute reusable alternatives such as cloth bags, stainless steel water bottles, and bamboo straws.
"We believe that collective action is key to addressing the plastic waste crisis," said [Spokesperson's Name], spokesperson for Green Future. "By raising awareness and offering practical solutions, we hope to inspire individuals to make sustainable choices and contribute to a greener future."
To further amplify the message and encourage widespread participation, Green Future has also partnered with media outlets, influencers, and community leaders who are committed to championing environmental causes.
To learn more about the initiative and how you can get involved, please visit [website URL] or contact Green Future at [contact information].
About Green Future:
Green Future is a non-profit organization dedicated to promoting sustainable practices and environmental awareness. Since its establishment [year], Green Future has been at the forefront of environmental initiatives, collaborating with various stakeholders to drive positive change within our community.
Media Contact:
[Your Name]
[Your Position]
[Phone number]
[Email address]
Green Future
[Address]
[City, State, ZIP]
[Phone number]
[Email address]
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List the entities and personnel involved in an Automobile's Repair Shop's "supply chain" 1. How do you think these do or should all work together? 2. How do you think it could be improved?
The entities and personnel involved in an Automobile's Repair Shop's "supply chain are;
the parts manufacturers auto mechanics electriciansThey should work together so that the final consumer who were the owners of the automobiles can get their cars repaired.
It can be improved if the parts manufacturers make the parts to be available at cheaper rate for the shops that are dealing with the mechanical work.
What is supply chain?A supply chain can be described as the network of all the individuals, as well as entity that are responsible for the creation and sale of a product.
For instance the Automobile's Repair Shop's encompass the activities of the the parts manufacturers , auto mechanics and electricians which are chains to be followed in order to get the automobiled repaired.
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Discuss various factors that must be considered on the warehouse location decisions?
Answer:
burglar proofing
Explanation:
security
Fill in the blank with the correct response.
____ are STEM professionals who collect, analyze, and interpret data.
Answer:
to bad this isn't multiple choice
Explanation:
but it would only make sense if it were scientists. sorry if I'm wrong
From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.
From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.Biologists research, collect data and measurements, perform tests and experiments, and analyze and interpret their findings. These science professionals are required to have a bachelor's degree in biology for an entry-level position.
This was not a necessarily an economically efficient move. The fact that it is scrap wood implies that it is not useful for the company's purposes, i.e., making furniture. It is presumptuous to associate a value of $150,000 or $29,000 to the scrap since there is no market for it and thus no market value can be assigned. There is no rational way to calculate the optimal amount of scrap wood. The manager did not go far enough. The most economically efficient outcome would be to reduce scrap altogether. Even at the reduced amount, the company is literally throwing away $29,000 per year when it could recoup that amount with greater diligence.
The manager's decision to reduce scrap wood is not economically efficient, and a more optimal outcome would be to aim for its complete elimination.
The manager's decision to reduce scrap wood, as mentioned in the provided excerpt, is deemed not economically efficient. While it is commendable, the most economically efficient outcome would involve completely minimizing scrap production. The fact that the wood is considered scrap implies its lack of usefulness for furniture manufacturing, making it inappropriate to assign a value of $150,000 or $29,000 to it since there is no existing market or ascertainable market value. Additionally, determining the optimal amount of scrap wood to maintain lacks a rational basis. Despite the manager's efforts, the company still wastes $29,000 annually, which could be salvaged through greater diligence. Thus, the recommended course of action is to aim for a total reduction in scrap production to achieve the utmost economic efficiency.In conclusion, while the manager's effort to reduce scrap wood is commendable, the most economically efficient outcome would be to strive for the complete elimination of scrap, minimizing waste and maximizing cost savings for the company.
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help it’s due tomarrow
Jot down ideas for a promotional mix for the three scenarios (at the bottom). Create a
quick promotional mix. Include specific and creative tactics needed to promote the
event, company or product. Be sure to include at least one tactic for each element of
the mix:
• advertising
• public relations
• sales promotions
• personal selling
Possible tactics include: Slogans, Billboards, Free Samples, Sponsorships, Commercials,
Contests, Telemarketing, Trade Shows, Sweepstakes, Press Kits, Coupons or Loyalty
Programs. You are NOT limited to this list.
Create a Microsoft® PowerPoint describing your promotional mix and each tactic.
Briefly explain why you selected the elements you choose.
SCENARIOS
• A charity carnival raising funds and supplies for a homeless shelter
• A non-profit children's agency
• Season tickets to a women's college basketball team
Answer:
hun you're going to have to do this on your own
the impact of inflation in businesses
Answer:
Rapidly rising prices not only affect the price consumers pay, they also affect the cost businesses have to pay for materials and inventory. When replacement inventory costs more than the inventory you just sold, it can lead to inventory shortages.
Explanation:
I hope it helped