Answer:
The 1st plant with a storage reservoir is a better option as compared to that of the 2nd plant.
Explanation:
Suppose the factor for variation in hourly demand is 2 So the average hourly demand is given as
Average Hourly Demand=Factor x Average Daily Demand
AHD=2 x 18000 m3
AHD=36000 m3
For the first pump
The Quantity in storage tank is 3975 m3
So the amount of pumping required is
For this value the pump will work for following hours
So the pump 1 can complete the demand of the town by working for 18.3 hours.
Now in order to complete the demand, the second pump is given as
For this the pump will work for as
So the pump 2 requires 16 hours to complete the demand of the town.
Here it is important to note that the realistic demand of the water can vary from the average value and thus when there is a drastic requirement of water in certain cases, the pump 2 will fail. Also pump 2 has to be run continuously and will produce excessive water which will be wasted if the hourly demand is less than that of the production value.
In context of this, the 1st plant with a storage reservoir is a better option as compared to that of the 2nd plant.
Answer:
decrease by $54,000 per month
Explanation:
The impact on the net operating income would be shown below:
In the first case,
Sales ( $22 × 14,000 units) = $308,000
Variable expenses ($16 × 14,000 units) = - $224,000
Fixed expenses = - $103,000
Net loss = - $19,000
And, the fixed cost continued is $73,000
So, the net income decreased by
= $73,000 - $19,000
= $54,000
if the product X is discontinued
The fish cannery will use the recycling method, regardless of who has the property rights: TRUE
<h3>
What is recycling?</h3>
- Recycling is the process of gathering and converting resources into new goods that would otherwise be thrown away as waste.
- Both the environment and your community may benefit from recycling.
<h3>
Given situation:</h3>
"Suppose the fish cannery has the property rights to the lake, including the right to pollute it.
In this case, assuming the two firms can bargain at no cost, the fish cannery will use the recycling method, and the resort will pay the fish cannery between $300 and $800 per week.
The resort will make the most economic profit when it has property rights to a clean lake."
Therefore, the following statement "the fish cannery will use the recycling method, regardless of who has the property rights is TRUE.
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Answer:
Focuses on the internal strenghts of the firm
Explanation:
To understand difference, it is better to start with definicions of each of the concepts.
So, Resource based view focuses on firms's internal resources and capabilities and Institution based view suggests that the success and failure of firms are affected by institutions, such as regulations, laws, ethics, cultures and norms
Revenue is the money a company earns from providing services or selling goods to customers
Revenue, which is determined as the average sales price multiplied by the quantity of units sold, is the money made from regular business operations. To calculate net income, expenses are deducted from the top line's (or gross income) total. In the income statement, revenue is referred to as sales.
A company's income is the cash that is generated by its operations. Depending on the accounting technique used, there are various methods for calculating revenue. Sales made with credit will be counted as revenue when it comes to the delivery of goods or services to the customer under accrual accounting. Even if payment hasn't yet been received, revenue may still be recorded in accordance with certain regulations.
To evaluate how successfully a business collects debt, it is important to review the cash flow statement for Revenue.
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