Need help on econ please and thank you

. Costs that the manager has the power to determine or at least strongly influence are called: Question 5 options: A. Uncontroll

GalinKa [24]

Answer:

B. Controllable costs

Explanation:

There are some costs that are expended by a company during the cost of carrying out their business operations. These costs such as labor costs and marketing budgets are incurred because the company has full authority over them. They are costs that can be altered in short term based on a business decision.

In other words, controllable costs are those costs or expenses that can be influenced by those who are saddled with the responsibilities of incurring them.

5 0

3 years ago

Identify whether each statement in the following table best illustrates the concept of consumers’ surplus, producers’ surplus, o

Blizzard [7]

Answer:

1. Neither ; 2. Consumer Surplus ; 3. Producer Surplus

Explanation:

Consumer Surplus is the difference between a good's price paid by consumer, & maximum price the consumer is willing to pay for the good.

Producer Surplus is the difference between a good's price received by a seller, & minimum price at which the seller is willing to sell the good.

1. Willing to pay $209 for watch, buyer willing to sell at $196, no trade as price ceiling at $190 : It illustrates neither concept as transaction has not actually occurred, so no price established.

2. Willing to pay $39 for sweater, purchased it for $32 : It illustrates 'Consumer Surplus' case = $7 , as it shows difference between maximum willingness to pay by buyer ($39) & the actual buy price ($32)

3. Willing to sell laptop at $190, sold it at $199 : It illustrates 'Producer Surplus' case = $9 , as it shows difference between minimum willingness to sell price ($190) & actual sale price ($199)

5 0

4 years ago

Swen Inc. is a global retail chain based in New York. It expands into France and sends Gerard, an American citizen and a trusted

Soloha48 [4]

Answer:

The correct answer is D

Explanation:

Expatriate manager is the one or the workers who are migrated from their home country to the outside nations in order to earn more than the in the home country.

In this case, Company expands the operations in France where they sends Gerard who is a citizen of American. So, this is an expatriate manager as he was migrated to France.

3 0

3 years ago

(Numeric Entry) Suppose you put $1000 into a money market mutual fund that paid 10% a year, where interest was compounded annual

kkurt [141]

Answer:

$1100

Explanation:

Compound Interest is a multiplying effect interest , in which interest for each successive period is calculated on (Principal + Interest) of each preceeding period .

Formula : A = P(1+r/n) power 'nt .

r = Interest rate , t = time , n = compound in time 't' , P = Principal

A = 1000 (1+10/1) power'(1X1) = 1000 X 11 power 1' = 1000 X 11 = 1100

5 0

4 years ago

The Brisbane Manufacturing Company produces a single model of a CD player. Each player is sold for $182 with a resulting contrib

k0ka [10]

Answer:

Year 3 cashflow:

current system: 243,360

alternative system: 102,240

Present cost:

current system PV -$971,665.9146

alternative system PV -$1,075,964.17

Explanation:

Current Scenario:

42,000 inspection cost

Repairs:

1,520 identified x $75 = 114,000

Refunds:

480 units x $182 = 87,360

Total yearly cost: 243,360

PV of an annuity of $243,360 during 5 years:

Present Value of Annuity

$C \times \displaystyle \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 243,360

time 5

rate 0.08

$243360 \times \displaystyle \frac{1-(1+0.08)^{-5} }{0.08} = PV\\$

PV $971,665.9146

New Scenario:

Inspection cost: $42,000 + $25,000 = $77,000

Repair cost: 350 units x $41 = $14,320

Refunds: 50 units x $182 x 120% = $10,920

Total yearly cost: $102,240

F0 cost:

470,000 workers trainings

210,000 purchase cost

Total F0 cost: 680,000

Present Value of Annuity

$C \times \displaystyle \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 102,240

time 5

rate 0.08

$102240 \times \displaystyle \frac{1-(1+0.08)^{-5} }{0.08} = PV\\$

PV $408,214.6742

PV of residual value:

PRESENT VALUE OF LUMP SUM

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 18,000.00

time 5.00

rate 0.08

$\frac{18000}{(1 + 0.08)^{5} } = PV$

PV 12,250.50

Net present value:

- 680,000 -408,214.67 + 12,250.50 = 1,075,964.17

4 0

3 years ago