Answer:
Increasing the promotional budget for a product in order to increase awareness is not advisable in the short run under which of the following circumstances?
Production capacity is maxed out (200% plant utilization) and the company is stocking out of the product.
Explanation:
Since the production capacity has been exceeded and the company is still running out of stock of the product, there will be no need to increase the promotional budget for the product in order to increase awareness, especially in the short-run. The implication of the scenario is that the demand for the product is far outstripping the supply and there is an apparent scarcity or shortage of the entity's product in the marketplace. Until production the capacity has been expanded, the promotional budget for product awareness can be stopped and saved.
Answer:
Factory overhead= $22,900
Explanation:
Giving the following information:
Direct materials $15,200
Indirect materials 3,200
Indirect labor 7,700
Factory depreciation 12,000
Direct labor 36,200
<u>Factory overhead is all the indirect costs related to production. In this case:</u>
Factory overhead= indirect materials + indirect labor + factory depreciation
Factory overhead= 3,200 + 7,700 + 12,000
Factory overhead= $22,900
Political conservatism: we are, yes, quite scared of changes. It's one of the perks of a socialist government. However recently the government as well as businesses have tried changing in order to catch up with trends in the world, although we are nowhere near the level of developed countries yet.
Belief systems: there was a post a few days back on this subreddit asking about the major religion in Vietnam, you should check that out. Generally business people are very superstitious, examples can be made from my personal experience but that would require more time to write so again inbox me!
Foreigners: we are, honestly, racist. Although there are non-racist people, mostly those of the younger generation who are more liberal and have had more exposure to different races (students who studied abroad for example) (such as me, I am studying in New York currently). But in general, racist, towards people of color in specific. White people are not that rare of a sight anymore and people are gradually accepting them.
Gift-giving: well, it's not a culture that we are proud of but an implicated understanding between people haha. Generally a gift is a must if you are visiting business people at their house, but if you're seeing them in a restaurant then it depends. However if you are meeting government officials who can make your life as a business person easier then yeah. Don't get me wrong I am not proud of saying this, corruption is one of the problems we have.
Timeliness: we're late. Most of the time. And not fashionably late either. Punctuality is not our thing. And not the 5-minute late that you mentioned either, it varies from 10-30 minutes. But there are rare cases of punctual individuals, of course.
<u>Given:</u>
Insurance amount = $23000
Policy cost = $425
Probability of living = 0.982
<u>To find:</u>
The expected net gain of the company
<u>Solution:</u>
The expected net gain of the company can be calculated by the following steps,
The company's expected gain would be
Therefore, the company's expected gain is $11.
Answer:
$45,900
Explanation:
I prepared an amortization schedule to show the 30 annual payments:
- principal = $300,000
- payment = $23,690
- interest = 7%
At the end of the mortgage (in 30 years), the remaining balance of the debt will be $45,900, so the balloon payment must equal that amount to repay the debt completely.