Scenario: 500 units of a product are being manufactured and the question to be answered is whether or not to perform a particular test on those units before shipping. The test costs $10,000 per unit to perform. The cost not to perform the test is $0 per unit, but if a unit fails in the field then it will have to be fixed in the field, which has a cost of $350,000 per unit.
If the units are tested, for the units that pass the test, there is now an additional cost of re-readying the units for delivery of $2,000 per unit. For the units that fail the test, there is now an additional cost of $21,000 to fix the units, as well as the $2,000 per unit cost of re-readying them for delivery, for a $23,000 total cost per unit.
Historically you know and can count on the fact that 96% of your products will pass the testing. The same pass/fail rate for testing applies to the pass/fail rate observed in the field.
To fully complete this assignment, you need to answer or perform the following:
The math and resulting values you are expected to fill in to show the completion of the decision tree.
Be sure to fill in the last two values: what is the Expected Monetary Value for both performing the test and not performing the test?
Which choice should be made? Be sure to include with your submission an answer to whether the test should be performed or not, and give a short answer why.
Answer:
7000
Explanation:
The better choice is to not perform the test. This decision is based on the higher expected monetary value, indicating that not performing the test is more financially favorable in this scenario.
How did we arrive at this assertion?To make an informed decision, we'll calculate the Expected Monetary Value (EMV) for both performing the test and not performing the test.
For performing the test:
EMV = (Probability of passing * (Revenue - Test Cost)) + (Probability of failing * (Revenue - Test Cost - Fixing Cost - Re-readying Cost))
EMV = (0.96 * ($350,000 - $10,000)) + (0.04 * (-$350,000 + $23,000))
For not performing the test:
EMV = (Probability of passing in field * Revenue) + (Probability of failing in field * Fixing Cost)
EMV = (0.96 * $350,000) + (0.04 * $350,000)
Now we'll calculate the values:
EMV for performing the test = (0.96 * $340,000) + (0.04 * -$327,000) = $326,400
EMV for not performing the test = (0.96 * $350,000) + (0.04 * $350,000) = $350,000
Based on the calculations, the EMV for not performing the test is higher ($350,000) than performing the test ($326,400).
Therefore, the better choice is to not perform the test. This decision is based on the higher expected monetary value, indicating that not performing the test is more financially favorable in this scenario.
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The tone of voice you use when dealing with customers is especially important on the phone, when nonverbal cues are missing from the conversation.
a) true
b) false
Answer:
true
Explanation:
there is no real explanation for it but you want to seem professional and change your time depending on who or what your talking about
Your firm wants to borrow $1 million and repay this loan in 10 equal annual installments. The first installment will be one year from now. The bank charges an interest rate of 10%. What will your annual installment be? (Hint: the present value of your payments using a discount rate of 10% should equal the amount you borrow) Enter the answer with two decimal points
Answer:
110,000 dollars a year for ten years
Explanation;
100,000 x .10 = 10,000
10,000 + 100,000 = 110,000
110,000 dollars a year for ten years the amount you borrow) Enter the answer with two decimal points.
What is the Amount?The size or quantity of non-count nouns is indicated by the word "amount." You can count the volume of air in a bottle or the volume of water in a beaker, for instance. The amount can be a noun or a verb, as was said above. Use of the noun: Add a little water to the dish. The dogs require various amounts of food, noun use. It is three bucks and change, to be exact.
EMI = [P x R x (1+R)N]/[(1+R)N-1] is the formula for computing EMIs. P denotes the loan amount or principle, R denotes the monthly interest rate (for example, if the annual interest rate is 11%, the monthly interest rate will be 11/(12 x 100)), and N denotes the number of monthly payments.
100,000 x .10 = 10,000
10,000 + 100,000 = 110,000
Therefore, The sum you borrow) Type the Amount response using two decimal places.
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A strategy to earn foreign exchange by making domestic industries competitive in the international market is called: a. Export promotion b. Import substitution c. Inward looking trade policy d. Both (b) and (c)
Answer:
a
Explanation:
It's export promotion
p.s. give me the brainliest answer
The discount rate is the interest rate charged by:_______.
a. banks for overnight loans to other banks.
b. the Fed on loans of reserves to banks.
c. major banks to their best customers.
d. banks for loans of less than 24 hours.
Answer:
B
Explanation:
I believe it is the interest rate the federal reserve uses for loaning to banks. Its the minimal rate, also.
Describe one (1) resource you found that provides tips on how to talk about your résumé in a job interview.
Answer:
Explanation:tôi xứng đáng có mức lương cao hơn
You are the manager of the best-performing subsidiary in an MNE. Because bonuses are tied to subsidiary performance, your bonus is the highest of all subsidiary managers. Now headquarters is organizing managers from other subsidiaries to visit and learn from your subsidiary. You worry that if performance at other subsidiaries catches up, your subsidiary will no longer be the star unit and your bonus will go down. What are you going to do?
Using the following information: The bank statement balance is $5,086. The cash account balance is $5,263. Outstanding checks amounted to $894. Deposits in transit are $1,007. The bank service charge is $55. A check for $51 for supplies was recorded as $42 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31.
Answer:
Bank statement Balance = $5086
Cash Account Balance = $5263
Outstanding Checks. = $894
Deposit In Transit. = $1007
Bank Service Charge. = $55
A Check. = $51
Check For Supplies. = $42
Adjusted Cash Balance. = $12398
what is 2 + 5
help
pls
What is meant by the word business
Answer:
Business is a commercial activity or a persons regular occupation , profession or trade.
how does the business environment influence the process of business enterprise in Nigeria using a schematic diagram with valid example
Explanation:
when it comes to Nigeria think oil
it's a very big oil country
Simba Company’s standard materials cost per unit of output is $9.68 (2.20 pounds x $4.40). During July, the company purchases and uses 2,970 pounds of materials costing $15,741 in making 1,500 units of finished product. Compute the total, price, and quantity materials variances
You bought two new CDs with the last $30 in your checking account, and your next payday is on Monday. What is the opportunity cost of these CDs?"
Group of answer choices
the satisfaction of knowing you are the first of your friends to have these CDs
the difference between the cost to produce the CDs and the price you paid for them
the night out with your friends that you miss because you can?t afford it now
the $30 check that you wrote for the CDs
Answer:
the $30 check that you wrote for the cds
Judy's Boutique just paid an annual dividend of $3.01 on its common stock. The firm increases its dividend by 3.70 percent annually. What is the company's cost of equity if the current stock price is $41.08 per share
Which of the following statements regarding the differences between managerial accounting applications for manufacturing and service companies is not true?
a. Overhead is an indirect cost incurred in serving customers in a service company.
b. Labor may be a direct cost to customers for a service firm.
c. Service companies require a physical production site.
d. Service companies may use cost of services on the income statement rather than cost of goods sold.
Answer:
Option C) Service companies require a physical production site is not a true statement.
Explanation:
Service companies require a physical production site is not a true statement.This is because service companies are engaged in providing service to their customers/clients.Providing services does not require a physical production site, because no production is generally involved in relation to the rendering of the services.Learn more about service company, refer :
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What is the difference between private costs and social costs in economics?
Answer:
private cost are paid by the firms or consumer and must be included in production and consumption decision
social cost include both private cost and any other external cost to society arising from the production or any consumption of a goods and services
Explanation:
private costs are paid by firms or consumer and it must be included in production and consumption decisions while social costs are costs of both private costs and any other decision or consumption that are arising the community
state the relationship between AR and MR
Answer:
The relation between average revenue and marginal revenue can be discussed under pure competition, monopoly or monopolistic competition or imperfect competition.
Mark me as brainliest please
Explanation:
Answer: it’s B. I just took the quiz.
Explanation:
I sleep with my light on and that’s ok
500 essay over what you did for the summer
Answer: had fun
Explanation:
_________________is a group that decides what must be done to meet the functional objectives defined by leaders.
Answer:
I hope that answer is a team.
A sales rep is talking to a prospect about his companys product the prospect says shes been buying from a competitor for 10 years and likes thier product. What should the rep do first?
The best statement that the sales rep should first do is guarantee the prospect a better price than they can get from the competitor.
A sales rep serves as a window for a firm sales because they meet directly with the prospect.
In conclusion, the best statement that the sales rep should first do is guarantee the prospect a better price than they can get from the competitor.
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Nhà cung cấp hàng hóa ảnh hưởng gì đến doanh nghiệp
Americans spend the largest portion of their budget on
a. entertainment
b. housing
c. transportation
d. food
Please select the best answer from the choices provided
Ο Α
ОВ
OD
how did the looting of shops and malls will affect the businesses in the the terms of the relationships between social responsibility and triple bottom line?
Businesses reduce their incentives that will lead to minimizing their ability to carry out their part for social responsibility of the triple bottom line.
The triple bottom line is an obligation on businesses to not just look for their profit but include and maintain a good balance between these factors:
economic growth social welfare environment impactBusinesses should follow the Triple bottom line:
Making profits Making sure that there is positive social welfare on their part. Maintain ecological footprintThus, The correct answer would be - the ability of businesses to meet both their social responsibility and Triple bottom line is minimized and not as it was in normal conditions.
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Tia Salon
Neraca Saldo
31 Mei 2019
Kode Akun
Keterangan
Reff
Debet
Kredit
Kas
Piutang Usaha
Asuransi Dibayar dimuka
Peralatan
Perlengkapan Kantor
Utang Usaha
Utang Wesel
Modal Ny,Tia
Prive Ny.Tia
Pendapatan Salon
Beban Gaji
Beban Listrik
Beban Iklan
JUMLAH
10.8 00.000
5.600.000
4.800.000
120.000.000
2.600.000
2.000.000
6.400.000
1.600.000
800.000
154.600.000
4.800.000
80.000.000
60.000.000
9.800.000
154.600.000
Informasi tambahan penyesuaian:
Tarif premi asuransi sejumlah Rp. 400.000,- per bulan.
Perlengkapan yang masih tersisa di Gudang sampai pada tanggal 31 Maret 2017 sebesar Rp. 2.000.000,-.
Penyusutan peralatan per bulan sebesar Rp. 1.800.000,-.
Bunga yang masih harus dibayar perusahaan atas utang wesel 31 Maret 2017 adalah sebesar Rp. 1.000.000,-.
BUATLAH NERACA LAJUR DAN LAPORAN KEUANGANNYA
Answer:
I am sorry
Explanation:
I think this is not a question
What are real life situations of marketing concepts, as well as a definition.
Answer:
Marketing is the system of researching a market, offering value and satisfying the customer with a profit objective.
This discipline, also called marketing, is responsible for studying the behavior of markets and the needs of consumers. Analyzes the commercial management of companies in order to attract, attract, retain and retain end customers by satisfying their wishes and solving their problems.
Although the English and Spanish words are mentioned here, it is true that the use of "marketing" is more widespread today throughout the world.
In this complete content we are going to detail what marketing is, the types and strategies that exist, several examples, the difference between advertising and marketing, the characteristics of a good marketer, which profiles are the most demanded today, how to develop a marketing plan. marketing and you have several learning resources at your disposal
The marketing umbrella is very broad and encompasses all those strategies that help a company, brand or person to achieve their objectives.
Other possible definitions to answer what marketing means are:
"Marketing is a global system of activities related to the commercial world, aimed at planning, setting prices, promoting and distributing products or services that help satisfy the needs of the end customer."
"Marketing is the set of activities that aim to satisfy the consumer through a product or service, with a business benefit in between."
"Marketing is an internal process of companies by which the way to increase and satisfy the demand for products and services that have a commercial purpose is planned in advance, through the creation, promotion and physical or digital distribution of such merchandise or services . "
Explanation:
I hope it helps you
Two athletes of equal ability are competing for a prize of $12,000. Each is deciding whether to take a dangerous performance-enhancing drug. If one athlete takes the drug and the other does not, the one who takes the drug wins the prize. If both or neither take the drug, they tie and split the prize. Taking the drug imposes health risks that are equivalent to a loss of XX dollars.
Complete the following payoff matrix describing the decisions the athletes face.
Player Two’s Decision
Take Drug Don’t Take Drug
Player One’s Decision Take Drug , ,
Don’t Take Drug , ,
True or False: The Nash equilibrium is taking the drug if X is greater than $6,000.
Suppose there was a way to make the drug safer (that is, have lower XX).
Which of the following statements are true about the effects of making the drug safer? Check all that apply.
It increases the payoff of taking the drug.
It lowers the likelihood of taking the drug.
It has no effect on the athletes’ decision to take the drug if X remains greater than $6,000.
Answer:
The format is messed up
Explanation:
Last year, Paula's income was $2,000, and she went to vacation twice. This year, Paula's income increased to $3,000, and she went to vacation five times. Determine the income elasticity using the midpoint formula.
Answer: 2.14285714286
Explanation:
Here is the equation, which we were able to simplify down to the percentage change in quantity divided by the percentage change in income.
((2-5)/(2+5))/((2000-3000)/(2000+3000))= 2.14285714286
The correct answer is ((2-5)/(2+5))/((2000-3000)/(2000+3000))= 2.14285714286
How do you find the midpoint formula?
To find the midpoint of any range, add the two numbers together and divide by 2. In this instance, 0 + 5 = 5, 5 / 2 = 2.5.
What is the formula for midpoint on a number line?The Midpoint Formula works exactly the same way. If you need to find the point that is exactly halfway between two given points, just average the x-values and the y-values.
What is the midpoint formula in geometry?
The midpoint formula in coordinate geometry is defined as the formula to find the center point of a straight line, using the coordinates of its endpoints. The midpoint formula is used to find the halfway which is a point that divides the line into two equal parts.
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When a firm’s marginal productivity declines as output increases, then the firm is experiencing a. Increasing marginal product b. Increasing returns to scale c. Diminishing returns to scale d. Constant returns to scale
Answer:
Diminishing return to scale
Explanation:
The law of diminishing marginal returns states that adding an additional factor of production results in smaller increases in output.
5. State the relationship between AC and MC.
Explanation:
The relationship between the marginal cost and average cost is the same as that between any other marginal-average quantities. When marginal cost is less than average cost, average cost falls and when marginal cost is greater than average cost, average cost rises.
Answer:
AC and MC both are derived from Total Cost (TC).
AC means TC per unit of output and MC means addition to TC when one or more output is produced.
Firm under monopolistic competition operates its plant at sub-optimal capacity. Why?
Answer:
We live in an economy based on scarcity. Things that are rare cost more. The more access can be restr ed, the higher the cost can be and so higher profits. Since our economy wants to maximise profits, and thus scarcity, the best way for companies/ individuals to do that is to get monopolies, or oligopolies, and then restrict access, and increase prices. If you produce as much as possible at cost, making no profits, then there is going to be little scarcity for that product, costs are going to be low.
A firm under monopolistic competition operates its plant at suboptimal capacity to create a sense of limited goods in people's minds.
What is monopolistic competition?
Monopolistic competition is termed as a process in which the companies produce similar products but not exactly the same product that acts as substitute.
A firm under monopolistic competition operates its plant at suboptimal capacity, which means that they do not make the product at its best capacity. That means that if a country can make 100 products, that company will only make 750 of them even after the demand also.
It gives a sense of scarcity among the people and also these products can be sold by this company at a higher price or opt for low substitutes which makes the monopolistic company earn more.
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