Prior sales and communication activities
To determine the current communication budget, rule-of-thumb methods use prior sales and communication activities. These methods are simple to implement, but they do have some limitations.
<h3>What is rule-of-thumb?</h3>
A rule-of-thumb is a heuristic guideline that gives simplified counsel or a fundamental rule-set for a certain subject or course of action. It is a broad principle that provides specific directions for completing or performing a task. Generally, rules of thumb emerge from practice and experience rather than scientific study or a theoretical underpinning.
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Answer:
Smith Companypurchases components from three suppliers. Components purchased from Supplier A are priced at $5 each and used at the rate of 20,000 units per year. Components purchased from Supplier B are priced at $4 each and are used at the rate of 2,500 units per year. Components purchased from Supplier C are priced at $5 each and used at the rate of 900 units per year. Smith incurs a holding cost of 20 percent per year. Currently, Smithpurchases a separate truckload from each supplier. As part of JIT drive, Smith has decided to aggregate purchases from the three suppliers. The trucking company charges a fixed cost of $400 for the truck with an additional charge of $100 for each stop. Thus, if Smith asks for a pickup from only one supplier, it charges$500; from two suppliers, it charges $600, and from three suppliers, it charges $700. Suggest a replenishment strategy for Smith that minimizes annual cost.
Required:
Compare the cost of your strategy with Smith's current strategy of ordering separately from each supplier.
Explanation:
I don't know
Answer:
Market value
Explanation:
The market value of a product is the price at which a buyer is willing to purchase a good irrespective of prevalent price of a commodity. It is that amount a buyer and seller are willing to strike a deal for given normal market conditions.
In this scenario John originally bought his five years ago for $300,000. Its current value is $350,000. His real estate agent notified him that a buyer just made an offer on his home for $365,000.
Despite the house now being $350,000, $365,000 is the market price at which the buyer and seller are willing to settle.
Answer:
(d) task environment
Explanation:
Task environment relates to the external environment of a business which directly affects production of goods and services a business has to offer. This affects a business ability to reach it's goals. It comprises of:
- Suppliers : They supply raw materials which are essential for production.
- Customers: They are the ultimate users of goods. Customer wants and preferences determines the kind of product a business shall produce.
- Competitors: They affect the pricing of goods. Their strategies directly affect the business.
- Labor Supply: For any production to take place, man and material are essential. Labor supply in the market again affects pricing of the goods.
Thus, the suppliers, the labor market, and the customers make up the <u>task environment</u> of Werkley Inc.
Answer:
D. $18,040
Explanation:
Given the above information,
Total revenue = Interest revenue + Service revenue
= $1,340 + $37,800
= $39,140
Total expenses = Depreciation expense + Insurance expense + Salary expense
= $1,800 + $2,300 + $25,100
= $29,200
Net income = Total revenue - Total expenses
= $39,140 - $29,200
= $9,940
Therefore,
Ending retained earning balance = Beginning retained earnings + Net income - Dividends
= $10,100 + $9,940 - $2,000
= $18,040
