The total cost of ownership for Supplier A is $2,670,000. The total cost of ownership for Supplier B is $1,750,000. The total cost of ownership for Supplier C is $2,990,000. Using Total Cost Analysis, it will be more cost-effective to use _________.a. Supplier A
b. Supplier B
c. Supplier C
d. Cannot be determined

Answers

Answer 1

Answer:

Answer:

Using Total Cost Analysis, it will be more cost-effective to use;

b. Supplier B

Explanation:

Total cost of ownership (TCO) can be defined as the total cost of an asset including the purchase cost and cost of operation of the asset. Assessing the TCO takes a bigger picture analysis of the overall cost of an asset. Most people usually don't consider the operating costs of an asset. This can prove detrimental in the long run when one starts going through unaccounted operation expenses. Unforeseen expenditure can lead to poor credit scores since one did not prepare for them.

When buying an asset, it is imperative to consider the sort-term and long-term costs. The short-term costs are the immediate costs that are often clearly identified in the initial stages. The short-term costs are purchase and transportation costs. The long-term costs are costs that will be incurred with time, over the life of an asset. Examples of long-term costs are; depreciation costs and operations costs.

In our case above, the best option would be Supplier B since it's total cost of ownership is cheaper compared to Supplier A and Supplier C.

Related Questions

Jerry has $50 to spend at the electronics store. He sees two movies that he wants that are $15 each. There is also a video game that he wants that costs $45. Which statement best describes the opportunity costs and benefits of buying the movies? Select the best answer from the choices provided. The opportunity cost is $30; the benefit is the hours of entertainment from the movies. The opportunity cost is that he cannot afford the game; the benefit is that he saved $45. The opportunity cost is $30; the benefit is that he still has $20. The opportunity cost is that he cannot afford the game; the benefit is that he has the two movies.
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Sort the ideas related to these two types of loans into the correct categories.has more risk for the lenderSecured LoanUnsecured Loanis not backed with collateralhas less risk for the lendercan include a down paymentis backed with collateraldoes not include a down paymentSecured loan Unsecured loan
1. Idea 1:a. What problem do you want to solve? Write down everything you can about the problem, then sum it up in a simple, non-industry specific statement. b. What other, similar problems have been solved? How were they solved? List as many as you can think of. c. Compare your answers to B with your answers to A. How would the solutions on your list work for your identified problem? Could you use some part of those solutions? Or perhaps a combination? d. Write out your solution idea.Idea 2: a. What problem do you want to solve? Write down everything you can about the problem, then sum it up in a simple, non-industry specific statement.b. What other, similar problems have been solved? How were they solved? List as many as you can think of.c. Compare your answers to B with your answers to A. How would the solutions on your list work for your identified problem? Could you use some part of those solutions? Or perhaps a combination?d. Write out your solution idea.

Which stage of conversation allows the conversational partners to clarify, restate, or discuss the points of the conversation to arrive a sense of mutual understanding?

Answers

Answer:

The correct answer to the following question is Feedback stage .

Explanation:

There are 5 stages in the conversation, which are initiation , preview , talking points , feedback and the last one which is closing . The feedback stage is the fourth stage in which a conversational partner allows the other to clarify his or her stance, and discuss the points made in the conversation to arrive at a sense of mutual understanding. Feedback should be seen as the opportunity given to make sure the interaction was successful.

Identify two changes to personal information which you must report to your employer.

Answers

First is Marriage, when you are married you must report to your employer to provide necessary changes in you information especially if you are a woman where your last name will be changed. Second is the Contact Details. When there is a change in your contact information you must report it immediately to your employer for urgent concerns when they need to call you.

Which of the following statements is true of the scientific method?A)The scientific method used by economists and scientists is independent of empiricism.
B)The scientific method can help develop accurate models even when data are unavailable.
C)The scientific method may not reveal a "true" model of the world.
D)The scientific method does not require the models to be tested with data.

Answers

Answer:

The answer is: C) The scientific method may not reveal a "true" model of the world.

Explanation:

When economists and scientists use the scientific method they are trying to develop models of the world and then test them with data. Past data is used to try to predict future economic behavior. That doesn´t mean that those models are 100% accurate and true, but rather that they might (or not) apply to specific situations.

Microeconomics relies on the use of the scientific method and econometrics, while the scientific method is not applicable in macroeconomics.

Final answer:

Among the options, the true statement is option C: The scientific method may not reveal a 'true' model of the world. The scientific method is meant to minimize bias and enhance result reliability, but that doesn't mean it always reveals the 'true' model of the world, as models can change with new data or perspectives.

Explanation:

Among the statements provided, option C) The scientific method may not reveal a "true" model of the world is true. The scientific method uses a systematic approach to answer questions and understand phenomenon. It's meant to reduce bias and increase the reliability of results, but that does not mean it always reveals an absolute or 'true' model of the world. Scientific models are inherently simplifications of the real world, and they can change as new data or perspectives come to light.

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Identify 3 challenges Bricks Construction may encounter when trying to implement their corporate social investment plan in the local community:- Bricks construction is a construction company based in Strand Gauteng. They want to design a Corporate Social Investment plan. They have identified key problem areas where they would like to make a difference.

* Unemployment
* Lack of housing
* Poor / inadequate education and training

Answers

The right answer for the question that is being asked and shown above is that: "Bricks Construction might not have enough funds to implement a project int he community. It also includes the employees' difficulty in managing the program. Because of this, it will be a difficult to sustain most especially economic's downside."

A good ________ for a business research project includes a work schedule, research strategy, and statement of the problem.

Answers

Answer: Work plan

Explanation:

A work plan is a step by step procedure used by an individual/organization to enable them effectively achieve their objectives.

A business research project is an extensive study done on a business, to obtain ways of improving the business and increasing sales.

For a business research project to be effectively conducted, a work plan that outlines steps to be taken should be created and strictly followed.

In a period of trade deficit, if domestic investment does not change, public savings decreases by $5 billion, and private savings remain the same: Select the correct answer below: the trade deficit will remain unchanged the trade deficit will decrease there will be a trade surplus the trade deficit will increase

Answers

In a period of trade deficit, if domestic investment does not change, public savings decreases by $5 billion, and private savings remain the same, the trade deficit will increase.

Here's why:

Trade deficit is calculated as:

Trade Deficit = Domestic Investment - (Public Savings + Private Savings)

If domestic investment does not change and public savings decreases by $5 billion, this means that the value on the right side of the equation is decreasing. Since private savings remain the same, the overall result is a larger trade deficit. Therefore, the trade deficit will increase.

Final answer:

When government (public) savings decrease while private savings and domestic investment remain the same, the trade deficit will increase. This stems from the need for more foreign investment to compensate for the decrease in public savings.

Explanation:

In this question, trade deficit, public savings, and private savings are key factors impacting domestic investment. According to the equation Savings + (trade deficit) + (government budget surplus) = Investment, we can deduce the effect on the trade deficit.

In this scenario, domestic investment remains the same, private savings remain unchanged, but public savings decreases by $5 billion. When the government, which contributes to public savings, starts borrowing more (hence, a decrease in public savings), it forces an increase in the trade deficit. This is because the government is no longer providing savings, and if nothing else changes, more investment funds will need to come from abroad, increasing the trade deficit. Therefore, given the scenario, the trade deficit will increase.

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