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Bas_tet [7]
3 years ago
9

For the Somerset Furniture Company described in Case Problem 10.1 in Chapter 10, determine the product lead time by developing a

time line from the initiation of a purchase order to product delivery. Discuss the company‘s possible transportation modes and channels in China and to and within the United States, and the likelihood of potential problems. Identify and discuss how international trade specialist(s), trade logistics companies, and/or Internet exchanges might help Somerset reduce its product lead time and variability.
Business
1 answer:
m_a_m_a [10]3 years ago
5 0

Answer:

Possible transportation modes are discussed below in detail.

Explanation:

• Purchase Request: 12 - 25 days

• Process buy request abroad: 10 - 20 days.

• Manufacturing process: 60 days

• Transport from plant to port: 1-14 days

• Paperwork: 5 - 10 days

• Wait for the container: 1 - 7 days*

• Load compartments: 3 - 6 days

• Ship days: 28 days

• Custom clearance: 7 – 14 days

• Warehouse transportation: 1-3 days

Delivery time is around 136 minimum days and  191  maximum days. Likewise,  the average delivery time is 163 days. Companies such as international trade specialist, trade logistics companies and Internet exchanges can help the company to reduce the delivery time by facilitating the trade channels. These intermediate channels can help to attain objectives in timely manner.

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3 0
3 years ago
In the long run, a monopolistically competitive firm will earn: (A) normal profits because economic profits will attract new fir
enot [183]

Answer: Option (A) is correct.

Explanation:

Correct Option: Normal profits because economic profits will attract new firms and there are no entry restrictions.

In a monopolistically competitive market, firms will earn an economic profit in the short run, so new firms attracted with these profits and decided to enter into the market in the long run.

There is no barriers on entry and exit of the firms in the monopolistically competitive market. When new firms enters into the market, as a result supply of differentiated products increases.

This causes the firm's market demand curve to shift leftwards. It will continue shifting to the left in the firm market demand curve till the point where it is nearly tangent to the average total cost curve.

At this point, firms earns zero normal profit and can earn normal profits in the long run same as a perfectly competitive firm.

3 0
3 years ago
S&L Computer services has separate divisions to focus on the needs of individual consumers, small businesses, and large busi
prisoha [69]

Answer:

Letter c is correct. <u>Customer.</u>

Explanation:

Departmentalization by customer is a type<u> of grouping that divides organizational activities so that they are effective in meeting and directing organizational strategies to a type of audience that has similar characteristics</u>, such as age, gender, preferences, and income. Each unit has customized characteristics and sales method so that the customer group has a positive perception about the organization and its requirements and needs are properly met.

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3 years ago
If Professor Siegel is correct that stocks are less risky than bonds, then the risk premium on stock may be zero. Assuming that
Ulleksa [173]

If Professor Siegel is correct that stocks are less risky than bonds, then the risk premium on stock may be zero. Assuming that the risk-free interest rate is 2.5 percent, the growth rate of dividends is 1 percent and the current level of dividends is $70, use the dividend-discount model to compute the level of the S&P 500 that is warranted by the fundamentals.

Instruction: Round your response to 2 decimal places.

The level of the S&P 500 is

Answer:

Dividend discount model:

Price= D(1+g)/r-g

g=growth rate 1%

r= as given in question risk free rate 2.5%

D₀= $70

D₁=$70(1+0.01)  with growth rate

Solution:

70(1+0.01)/(0.025-0.01)

=$4713.33

5 0
4 years ago
Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead
krok68 [10]

Answer:

d. underapplied by $ 3,000

Explanation:

Computation of predetermined overhead rate based on direct labor hours

Estimated Overhead Cost                                      $      330,000

Estimated Direct Labor Costs                                          55,000 hours

Predetermined Overhead rate ( $ 330,000/ 55,000)  $ 6 per labor hour  

Total applied overhead   =   Actual Direct Labor hours times Overhead rate

57,000 hours * $ 6 per hour                                  $ 342,000

Actual manufacturing overhead                            <u>$ 345,000</u>

Under applied overhead                                        $(    3,000)

3 0
3 years ago
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