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3 years ago

A ________ refers to people with unsatisfied wants and needs who are willing and able to buy a product or service.\

1 answer:

7 0

<span>A market refers to people with unsatisfied wants and needs who are willing and able to buy a product or service. The market is made up of people who want and need to purchase a product or service, those in the 'market' for a item will search out the best quality, best price, and best way to achieve the product or service they need. The market is a big place that holds many different options for consumers to find exactly what they are looking for.</span>

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Munoz Airline Company is considering expanding its territory. The company has the opportunity to purchase one of two different u

vredina [299]

Answer:

The correct answer is 2.7 years for plane 1 and 4 years for plane 2.

Plane 1 should be accepted.

Explanation:

According to the scenario, the computation of the given data are as follows:

Plane 1 Cost = $15,660,000

Annual cash inflow = $5,800,000

Plane 2 cost = $34,400,000

Annual cash inflow = $8,600,000

So, we can calculate the payback period by using following formula:

Payback period = cost ÷ Annual cash flow

So, For Plane 1 = $15,660,000 ÷ $5,800,000 = 2.7 years

For plane 2 = $34,400,000 ÷ $8,600,000 = 4 years

As, Plane 1 has less payback period so it should be accepted.

7 0

3 years ago

If the supply function for a commodity is p = q2 + 6q + 16 and the demand function is p = −7q2 + 2q + 436, find the equilibrium

adell [148]

Answer:

equilibrium quantity = 7

equilibrium price = 107

Explanation:

Data provided in the question:

supply function, p = q² + 6q + 16 ........(1)

demand function is p = −7q² + 2q + 436

Now at equilibrium

Demand = Supply

Thus,

q² + 6q + 16 = −7q² + 2q + 436

q² + 6q + 16 + 7q² - 2q - 436 = 0

8q² + 4q - 420 = 0

2q² + q - 105 = 0

on solving for the roots of q

using the Quadratic Formula where

a = 2, b = 1, and c = -105

$[ x = \frac{ -b \pm \sqrt{b^2 - 4ac}}{ 2a }]$

a = 2, b = 1, and c = -105

Thus,

$[ q = \frac{ -1 \pm \sqrt{1^2 - 4(2)(-105)}}{ 2(2) }]$

$[ q = \frac{ -1 \pm \sqrt{1 - -840}}{ 4 }]$

$[ q = \frac{ -1 \pm \sqrt{841}}{ 4 }]$

The discriminant ( b² - 4ac > 0)

so, there are two real roots.

Therefore,

$q = [\frac{ -1 \pm 29}{ 4 }]$

$[ q = \frac{ 28 }{ 4 } \; \; \; q = -\frac{ 30 }{ 4 }]$

$[ q = 7 \; \; \; q = -\frac{ 15}{ 2 }]$

since,

Quantity cannot be negative

Thus,

q = 7

therefore, substituting q in (1)

p = 7² + 6(7) + 16

p = 49 + 42 + 16

p = 107

4 0

3 years ago

Companies operating in a highly automated environment that produce many different products with varying levels of production sho

PSYCHO15rus [73]

Answer:

Activity based costing says that we must not absorb the Overhead cost on the basis of one absorption basis as this overhead is not generated as a result of this absorption basis(Machine hrs or labor hours). This use of one absorption basis is inappropriate (not fair allocation). We must find a fair basis that drives this cost. Upon investigation the management found that the total overhead cost suppose which is $1,050,000 can be divided into three cost pools (parts) and each part has a cost driver(a basis of allocation) which can be used to allocate this cost.The costs in the ABC system are allocated to unit product on more fair basis than the tradition absorption costing which only assume one fair basis for allocation of overhead costs. ABC criticizes traditional costing technique for using only one basis for absorption of Overheads.

Now following example will help you in understanding the difference between Absorptiion Costing and Activity based costing.

Suppose both Mr. A and Mr. B drank 5 glasses of juices. Each glass of juice costs $4. According to the Traditional absorption costing technique each individual must pay:

(5 Juices/2)*$4=$10

But ABC says its unfair, use a more appropriate basis for cost allocation. So upon investigating we came to know that Mr. A drank 3 glasses of juice and Mr. B drank 2 glasses of juice. So Mr. A must pay $12(3*$4) and Mr. B must pay $8(2*$4). This is more appropriate or fair basis of absorbing the overhead cost to each individual and is Activity Based Costing.

6 0

3 years ago

Imagine that a researcher wants to test the hypothesis that getting married increases happiness. he finds 100 people who are mar

GuDViN [60]

Answer: This is a qualitative research design.

A qualitative research design is usually used when one wants to understand people’s experiences, that are not usually quantifiable.

This research design does not aim to build a model and predict values. Rather, <u>it’s aim is to explore and understand existing experiences. </u>

In a qualitative research design, the researcher decides the hypothesis that needs to be tested even before collecting the data. The researcher then collects the data, analyses it and interprets the results himself.

6 0

3 years ago

Read 2 more answers

Alfonso prefers only to hire Latino workers his auto body shop because they "fit in" easier with his 12 employees. During a busy

Assoli18 [71]

Answer: d. May not discriminate, subject to time lapse

Explanation:

Alphonso in this scenario may not discriminate by hiring a Latino because his worry is that they will be unable to fit in with his permanent workers. The extra workers are temporary workers who will be soon gone so there is no need for them to fit in that with the permanent workers so Alphonso may not discriminate based on this.

3 0

3 years ago