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EastWind [94]
3 years ago
13

The marketing manager would like to introduce sales commissions as an incentive for the sales staff. The marketing manager has p

roposed a commission of $11 per unit. In exchange, the sales staff would accept an overall decrease in their salaries of $103,000 per month. The marketing manager predicts that introducing this sales incentive would increase monthly sales by 470 units. What should be the overall effect on the company's monthly net operating income of this change?
Business
1 answer:
77julia77 [94]3 years ago
7 0

Answer:

<u>The overall effect on the company's monthly net operating income of this change is $40,960</u>

Explanation:

New contribution margin ($154 - $11)=143

New unit monthly sales (9,800 + 320)=10,120

New total contribution margin (10,120 units * 143 per unit)= 1,447,160

Present total contribution margin (9,800 units * 154 per unit)=1,509,200

Changes in total contribution margin=(62,040)

Plus Savings in sales person's salaries= 103,000

Change in net operating income          $40,960

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The Megabux National Bank currently has deposits of $200 million. If the Fed establishes a reserve requirement of 12 percent, Me
scoundrel [369]

Answer:

Option (B) is correct.

Explanation:

Given that,

Megabux National Bank currently has deposits = $200 million

Fed establishes a reserve requirement = 12 percent

Therefore,

Reserves must be hold by the Megabux national bank against its deposits:

= Amount of Deposits × Required reserve ratio

= $200 million × 12 percent

= $200 million × 0.12

= $24 million

5 0
3 years ago
An undergraduate business student has purchased a laptop computer for use during exams. This laptop is perfectly reliable except
g100num [7]

Answer:

probability of a reliable performance = 19/20

Explanation:

If a new battery has just been installed, then the chances of failure are only contributed by the faulty microchip, which has a failure rate of 1 in 20 hours.

Therefore in 1 hour, the probability that the laptop will perform reliably is calculated as follows:

Chances of failure = 1 in 20

20 hours = 1 chance of failure

∴ 1 hour = 1/20 chance of failure

1/20 = 0.05 chance of failure

Now, let us express 0.05 as fraction:

0.05 = 5/100

Therefore in 1 hour, there is a 5 in 100 chances of failure.

But we are asked to find the probability that the laptop will perform reliably. This is simply done by finding the difference between the total chances of occurrence (100)  and the chances of failure (5)

∴ Probability of reliable performance in one hour = (100 - 5) / 100

= 95/100

95/100 = 19/20

8 0
3 years ago
The Backwoods American Company produces approximately 20,000 parkas annually. The quality-management program the company impleme
Vsevolod [243]

Answer:

2014 Product yield will be 18,560

Explanation:

Calculation of Product Yield from 2010 to 2014

Since it begins with 83% good-quality parkas in 2010 and the percentage of good parkas was produced by 2�ch year which means we would add 2% to each of the year starting from 2011 to 2014

2010:

20,000(.83)= 16,600

20,000-16,600=3,400

3,400(.20)=680

680+16,600= 17,280

2011:

20,000(.85)= 17,000

20,000-17,000=3,000

3,000(.20)=600

600+17,000= 17,600

2012:

20,000(.87)

= 17,400

20,000-17,400

=2,600

2,600(.20)= 520

520+17,400= 17,920

2013:

20,000(.89)= 17,800

20,000-17,800=2,200

2,200(.20)=440

440+17,800= 18,240

2014:

20,000(.91)

= 18,200

20,000-18,200

=1,800

1,800(.20)

=360

360+18,200

2014 Product yield= 18,560

7 0
3 years ago
The allotment of narrow, specialized portions of a large tasks to specific workers is known as the:
Oksi-84 [34.3K]

The answer is division of labor. It is the segregation of tasks in any system so that applicants may specialize. Individuals, nations, and organizations are gifted with or obtain particular competencies and either form mixtures or skill to take advantage of the capabilities of others in adding to their own. 

8 0
4 years ago
The new product development process has seven stages going from new product strategy development to commercialization. At which
mina [271]

Answer:

Idea generation

Explanation:

Idea generation -

It is the method for searching new methodology or technique to the solution to any previous idea .

It is the main and the most primary focus during the phase of the creative process .

Analyzing the market , interpreting the competitions and asking the customers , all falls in this stage .

Hence , the stage which is asked by the question data  is the stage of Idea generation .

7 0
3 years ago
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