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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

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The 1924 name change from The Computing, Tabulating, and Recording Company to International Business Machines was done in part t
Dmitry [639]

Answer: d. Business

Explanation: International Business Machine is a multinational IT consulting corporation. The name change to IBM was to signal an expanded business offering and services of the organization.

5 0
3 years ago
What are some advantages in doing Company Research during your job
Nata [24]

Researching the company beforehand can help you come up with an impressive response to this question while also helping you learn more about why you're interested in this position. When you spend time gathering information about the company, you'll be better prepared to answer this question.

6 0
2 years ago
An outside supplier has offered to provide the annual requirement of 7,200 of the parts for only $13 each. The company estimates
schepotkina [342]

Super corporation produces a part in the manufactures of its product. The unit cost is $21 computed as follows:

An outside supplier has offered to provide the annual requirement of 7,200 of the parts for only $13 each. The company estimates that 60% of the fixed manufacturing overhead cost above could be eliminated if the parts are purchased from the outside supplier. Assume that direct labor is an avoidable cost in this decision. Based on these data, the financial advantage (disadvantage) of purchasing the parts from the outside supplier would be:

                                                                        $

Direct material                                                 6

Direct labour                                                    8

Variable manufacturing overhead                2

Fixed manufacturing overhead                     <u>5</u>

Total cost                                                        <u>21</u>

Answer:

Total financial advantage of buying from the supplier $43,200

Explanation:

Unit relevant variable  cost of making= 6+8 +2 = 16

                                                                                    $

Variable cost of making (   16×    7200) =             115,200      

Variable of buying           (13   ×7200)                    93,600

Savings in variable cost                                         21,600

Savings in fixed cost  (60%*72300 × 5)                 <u>21600</u>

Total savings from buying                                   <u> 43,200</u>

 Total financial advantage of buying from the supplier $43,200

3 0
2 years ago
The rise of Walmart as one of the world's largest corporations has brought the concept of:
Georgia [21]

Answer:

correct option is E) everyday low pricing

Explanation:

solution

Rise of Walmart brought the concept of Everyday low pricing  as we all aware everyone need good quality product in low price and Walmart is one the world largest corporation that give almost everyday attractive offer to their customers Incredible Prices on many different quality brands

they giver offer according to trends for autumn winter to attract all customers

so we can that here correct option is E) everyday low pricing

5 0
3 years ago
Before any month-end adjustments are made, the net income of Bennett Company is $76,400. The following adjustments are necessary
enyata [817]

Answer:

$ 73.800 is the adjusted net income

Explanation:

Net Income before adjustment                                                      $ 76,400

Adjustments for:

Supplies expense (increasing expense, reducing income)         $  (3.200)

Unrecorded Service Revenues (increasing net income)             $    3.680

Accrual of interest on note to bank

 (increasing expense, reducing income)                                      <u>$   (3.080)</u>

Adjusted net income                                                                      <u>$  73.800</u>                                              

7 0
2 years ago
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