1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
den301095 [7]
3 years ago
14

Spaceley’s Sprockets has just developed a new product. George Jetson, the Head of Product Development, feels that the product is

a winner, but he also feels it would be an even better product if waited six more months for further development before launching. Unfortunately, Spaceley’s closest competitor, Cogsley Cogs, has a similar product in the development pipeline. George feels that if he launches the product now to get a head start on Cogsley, he has a 50% chance of achieving a high level of sales, a 30% chance of a medium level of sales, and a 20% chance of a low level of sales. If he waits, he has a 30% chance of a high level of sales, and a 70% chance of a medium level of sales, with no chance of a low level of sales. High sales represents 100,000 units, medium sales represents 65,000 units, and low sales represents 10,000 units. If his objective is to maximize his expected number of units sold, what should George do and how many units would he be expected to sell
Business
1 answer:
Schach [20]3 years ago
8 0

Answer:

George should  wait for six more months for further development before launching.

Total units expected to be sold by this time is 75500 units

Explanation:

when launched early

Spaceley has : 50% of high level sale, 30% chance of medium level sale

20% chance of low level sale

When launched late

Spaceley has : 30% of high level sale, 70% of medium level sale, o% of low level sale

while

High sales = 100000

Medium sale = 65000

low level sale = 10000

A) when launched early

50% * 100000 = 50000

30% * 65000 =   19500

20% * 10000 =   2000  

Total sales = 71500 units

B) when launched  after 6 months

30% * 100000 = 30000

70% * 65000 =  45500

Total sales = 75500 units

George should  wait for six more months for further development before launching.

Total units expected to be sold by this time is 75500 units

You might be interested in
1. Under the system of awarding damages for bodily injury, death, or damage to property based upon the negligence of a driver, v
svetlana [45]

Answer:

Pay

Explanation:

Auto liability insurance helps offset the costs of bodily injuries and property damages to the other driver. The principle applies if you are the one at fault in the of an accident.

Auto liability insurance coverage is mandatory by law. It covers the medical expenses of the other party. In some circumstances, it may cover lost wages and legal fees in case the other party files a lawsuit. It also covers the repair or replacement cost of the other drivers' car.

4 0
3 years ago
Pacific Packaging's ROE last year was only 6%; but its management has developed a new operating plan that calls for a debt-to-ca
Firdavs [7]

Answer:

13.75%

Explanation:

Calculation for what will be the company's return on equity

First step

Asset Turnover Ratio= Net Sales / Total Assets ------(1)

Given Asset Turnover Ratio =2.7

=> 2.7 = 4,000,000/ Total Assets (from equation 1)

=>Total Assets = 1,481,481 ------(2)

Second step

ROE = Net Income / Equity

Net Income = (EBIT - Interest Charges) *(1-tax rate)

Net Income = (356,000 -168,000) *(1-35%)

Net Income = $122,200 --------(3)

Equity = Total Assets *(1-debt ratio)

Equity = 1,481,481*(1-0.4) = $888,889 --------(4)

From equation 3 and 4

ROE = Net Income / Equity

ROE= 122,200/888,889

ROE =0.1375*100

ROE=13.75%

Therefore ROE will be 13.75%

5 0
2 years ago
g When a company’s resources are valuable, rare, imperfectly imitable, and nonsubstitutable, it has a . Necessary to sustain a c
malfutka [58]

Answer:

Rare resources

Explanation:

Rare resources are unique resources that is not controlled or possessed by many competing firms. Only a small number of competing companies control it. It usually stands out by being distinctive among the set of future competitors. Rare resources are short in supply and capable of persisting over an extended time, this makes it a source of competitive advantage for a company.

7 0
3 years ago
Read 2 more answers
Which stage in project management involves team members working on the assigned tasks as described in the project plan?
vagabundo [1.1K]

Answer:

C.  execution

Explanation:

  • The execution stage is 3rd stage in project management lifecycle is usually is longest phase as during which the teams develops the product or services and presents the final end product to the clients. Here the team members work on the same set of guidelines that are assigned or designed in a project.
3 0
3 years ago
Write down the characteristics which had the highest poverty rate in 2016?
adoni [48]

Answer:

Follows are the solution to this question:

Explanation:

The poverty rate is the proportion of those whose income falls below the poverty line, as well as, the official poverty level of 2016 was 12.7% when half of the median family income for the overall population. Below are the highest poverty level features in 2016:

  • Desire to share exposure to food and clean water.
  • Entry to living standards or jobs is little to no.
  • Conflict.
  • The unfairness.
  • Wretched schooling.
  • The shift in the atmosphere.
  • Transportation deficit.
  • The government's limited capacity.
3 0
3 years ago
Other questions:
  • Clark Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $12 of variable costs to
    5·1 answer
  • The going concern assumption implies that: 1. a firm will continue to be in business for the foreseeable future. 2. a firm will
    15·1 answer
  • A simple economy produces two goods, Corn BreadCorn Bread and SoftwareSoftware.Price and quantity data are as follows:
    12·1 answer
  • real GDP is a better measure of economic well-being than nominal GDP, because real GDP: adjusts the value of goods and services
    10·1 answer
  • Tickets for the historical review of ballroom dancing at the Portsmouth Music Hall cost $42 for the main-floor seats and $25 for
    6·1 answer
  • Businesses employ workers from city neighborhoods and rural areas. These workers are perfect substitutes and cannot relocate in
    5·1 answer
  • A contract for sale of real estate usually calls for the seller to provide evidence of title as a requisite to completing the sa
    15·2 answers
  • How does a Broker relate to investing in Stocks
    13·1 answer
  • Which is not an object to taxation?
    15·1 answer
  • What is the irr of an investment that costs $18,500 and pays $5,250 a year for 5 years?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!