By inviting over 120 prospects to the event through direct mails, then the company that manufactures the health products is using a <u>seminar</u> to generate sales leads.
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What is a sales seminar?
Generally, a sales seminar are organized by company to persuade clients or train its employee on how to sell its products.
In conclusion, the company that manufactures the health products is using a <u>seminar</u> to generate sales leads.
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When a business is able to grow by exporting its products around the world, it can frequently attain larger economies of scale, which leads to reduced unit costs.
A company's production unit cost often goes down as it grows. This reduction is the result of economies of scale. By employing the least expensive production techniques, profits will be maximized.
Consumers' prices are lowered as a result of lower cost-per-unit, which increases their real wages overall and makes it easier for them to locate affordable goods.
Businesses from one country offer their goods and services to clients or consumers in another country through the exporting process.
When a company produces more goods at a larger scale while paying less money on average per unit of output, this is a phenomenon known as economies of scale.
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Answer:
The credit manager, and the Controller
Explanation:
The credit manager is responsible for maintaining the credit policy, in order to fulfil this target they are responsible to look at the sales and ensure the credit sales are in the sales limit.
Further that the company do not have the bad debts, it shall verify each customer properly that they have enough funds, and ensure their credibility.
Controller is responsible for maintaining the financial records of accounts, and reporting the transactions to managers.
Accordingly, Credit manager along with controller are directly responsible to the vice president of finance.
Answer:
a) 32 refrigerators
b) 28.39 approximately 29 refrigerators
Explanation:
Given:
Cost of order, S = $100
H = 20% of 500 = 100
Cost of refrigerator = $500
Annual demand, D = 500
S.d = 10
Lead time, L = 7 days.
a) To find the economic order quantity, Q_opt, let's use the formula:
The economic order quantity is 32 refrigerators.
b) The reorder point, R, is calculated as:
R = (d' * L) + ( z * s.d)
Where d' is daily demand which is calculated by dividing annual demand by 365 days.
d' = 500/365 = 1.37
At 97% service probability.
Using the excel function, NORMSINV(0.97) = 1.88.
Therefore z = 1.88
Solving for R, we have:
R = (1.37 * 7) + (1.88 * 10)
= 28.39
≈ 29
If the distributor wants a 97% service probability, the reorder point, R, should be 29 refrigerators
Answer:
a. What is the after state taxes profit in the state with the 10% tax rate?
after state tax profit = $1,015,000 x (1 - state tax rate) = $1,015,000 x 0.90 = $913,500
b. What is the after state taxes profit in the state with the 2% tax rate?
after state tax profit = $960,000 x (1 - state tax rate) = $960,000 x 0.98 = $940,800
Unlike federal corporate taxes which apply to all US corporations regardless of where they operate, state corporate taxes vary a lot depending on the state. Some states do not collect any tax at all (6 states) while others charge taxes that vary from 2.5% to 12%.
