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3 years ago

Quote from the scenario four challenges faced by the music industry

1 answer:

6 0

In the Globalization era, the challenges that could be faced by the music industry are :

- Piracy, which will greatly decrease the revenue of the production house
- Copyrights infringement
- Media and Critiques (which will shaped public's opinion towards an artist)
- Lack of Artist's quality

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A vendor makes a new smartphone and presells four thousand units for $300 each. The factory has the capacity to produce one thou

Oksanka [162]

Answer:

2. Limited supply would increase the price

Explanation:

In the given case the vendor sells in advance four thousand units for $300. While the installed capacity of the factory being to produce 1000 smartphones every month.

Expected sales being 500 units per month.

During the first few months, since the seller has already successfully sold 4000 smartphone units, high demand for the smartphones is evident.

Since the supply is limited to 1000 units only in a month and the quantity demanded being more as is evident by 4000 units being pre sold, during the initial phase, this would create a high demand.

And since the supply is limited, the seller will have to increase the price as the demand is lot more.

7 0

2 years ago

A coin sold at auction in 2017 for $1,965,500. The coin had a face value of $5 when it was issued in 1794 and had previously bee

aksik [14]

Answer:

0.0642 or 6.42%

Explanation:

The period 't' between the year when the coin was issued, 1794, and 1971 is:

$t=1971-1794 \\t=177\ years$

If the coin had a value of $5 and after a period of t=177 years it was worth $305,000, the annual tax rate by which the coin appreciated is determined by:

$305,000 = 5*(1+r)^{177}\\r=\sqrt[177]{61,000}-1\\r=0.0642=6.42\%$

The annual rate was 0.0642 or 6.42%.

4 0

2 years ago

Iceland produces two goods: Viking hats (Y) and fish (X). Its production possibilities frontier is characterized as: Y = 50 – 2X

svlad2 [7]

Answer: C

Explanation: from the given function Y=50-2X, Y is the dependent variable which represent the Viking Hat, while X is the independent variable representing Fish production.

4 0

2 years ago

During 2004, Thor Lab supplied hospitals with a comprehensive diagnostic kit for $120. At a volume of 80,000 kits, Thor had fixe

Diano4ka-milaya [45]

Answer:

d. $240.00

Explanation:

Calculation to determine what should the 2005 price be if Thor is to make the same $200,000 profit before income taxes?

2004 CM% = 12.5% ($15/$120)

2005 CM = $2,400,000 ($1,000,000 + $200,000)

2005 CM per unit = $2,400,000/80,000 units

2005 CM per unit= $30 CM per unit;

2005 selling price per unit = $30/.125

2005 selling price per unit= $240

Therefore what should the 2005 price be if Thor is to make the same $200,000 profit before income taxes is $240

6 0

2 years ago

Addison Co. budgets production of 2,750 units during the second quarter. Other information is as follows: Direct labor Each fini

Ilya [14]

Answer:

Direct Labor Hours Budget 8250

Direct Labor Costs Budget $ 57750

Factory Overhead Budget $ 614250

Explanation:

We multiply the direct labor hours per unit to the number of units to get the total direct labor hours which are again multiplied with the direct labor cost per hour to get the total direct labor costs.

Addison Co.

Direct Labor Budget

Quarter II

Production units 2750

Direct Labor per unit 3

Direct Labor Hours 8250

Direct Labor Cost / Hr $7

Direct Labor Costs $ 57750

We multiply the direct labor costs with variable overhead per hour to get the variable costs which are added to the fixed costs per quarter to get the total factory overhead budget.

Addison Co.

Factory Overhead Budget

Quarter II

Direct Labor Hours 8250

Variable OH / Hr $ 9

Variable Overheads $ 74250

+Fixed Overheads $ 540,000

Factory Overhead Budget $ 614250

5 0

3 years ago