All categories

3 years ago

The collision repair industry does what volume of business per year? A. $1 million B. $10 Million C. $1 Billion D. $10 Billion

Business

1 answer:

Eva8 [605]3 years ago

6 0

Answer: D. $10 Billion

Explanation:

The United States has a large economy with a very large number of cars which was estimated to be around 280 million in the last quarter of 2019. With these many cars it would be improbable that there would not be quite a number of accidents and there are. In the year 2018, around 12 million cars were involved in motor accidents.

With such a staggeringly high number of cars involved in collisions, it is no wonder that it is estimated that the collision repair industry does around $10 billion worth of business every year.

You might be interested in

The WCU maintenance department used 850 brackets during the course of a year. The brackets are purchased from a supplier in Ashe

Finger [1]

Answer:

a. 166 units should be ordererd of brackets

b. They have when they should place a new order with the supplier 10 brackets

Explanation:

According to the given data we have the following:

Annual Demand= 850 brackets

Buying cost=$10

carrying cost=13%×$10=$1.30

ordering cost per order=$21

a. To calculate how many brackets should be ordered when WCU places an order with their supplier we have to calculate the EOQ as follows:

EOQ=√2AO

EOQ=√2×850×21

1-30

EOQ=166 Units

166 units should be ordererd of brackets

b. To calculate how many brackets do they have when they should place a new order with the supplier we would habe to make the following calculation:

Reorder point=Annual Demand × lead time

working days in year

Reorder point=850 × 3

250

=10 brackets

They have when they should place a new order with the supplier 10 brackets

8 0

3 years ago

All of the following are examples of a SMART goal EXCEPT:

Alexandra [31]

D ndkkdkdhshdjsksjsjdjs

4 0

3 years ago

After watching both videos above, explain the importance of understanding intercultural communication. Identify the role that co

Triss [41]

Answer:

Intercultural communication is important as it helps in cross culture communication process. It helps in the process where different people belonging to different cultures communicate together on one platform. The communication can be verbal or non verbal among the people who belong to different cultural backgrounds.

Explanation:

High context communication is one in which communication is in such a way that relies heavily on non verbal language and emphasis the cultural values. Low context cultures communication is when people communicate in direct and precise manner. They rely heavily on verbal communication.

7 0

3 years ago

Halverstein Company's outstanding stock consists of 7,000 shares of cumulative 5% preferred stock with a $10 par value and 3,000

Alisiya [41]

Answer:

$3,500 preferred; $2,500 common.

$3,000 preferred; $3,000 common.

$0 preferred; $6,000 common.

$4,200 preferred; $1,800 common.

$6,000 preferred; $0 common.

4 0

3 years ago

Real GDP per capita in the U.S. grew from about $6,000 in the year 1900 to about $51,500 in 2016, an average growth rate of

ollegr [7]

Answer:

36.84 years and 31.82 years

Explanation:

In this question ,we applied the rule no 70 which means we get to know the estimated number of years for doubling the real GDP

In the first case, the estimated number of years

= 70 ÷ average annual growth rate

= 70 ÷ 1.9%

= 36.84 years

In the second case, the estimated number of years

= 70 ÷ average annual growth rate

= 70 ÷ 2.2%

= 31.82 years

8 0

3 years ago