A company with excess capacity must decide between scrapping or reworking units that do not pass inspection. The company has 13,000 defective units that cost $5.40 per unit to manufacture. The units can be a) sold as is for $2.80 each, or b) reworked for $4.60 each and then sold for the full price of $8.20 each. What is the incremental income from selling the units as scrap and reworking and selling the units

Answers

Answer 1
Answer:

Answer:

Incremental income for Sale as scrap  is $36,400 and Rework is $46,200

Explanation:

                                                              Sale as scrap         Rework

Sales of reworked units (13000*8.2)                                  $106,000

Sales of scrap units (13000*2.8)            $36,400

Cost to rework units (13000*4.6)                                         ($59,800)

Opportunity cost of not making new units

Incremental income (loss)                      $36,400              $46,200


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Which type of organizational purchase situation is characterized by high purchase importance and complexity, a large and evolving decision-making unit that includes the top of the organization, a long time to decision, extensive information search and analysis techniques, and a dominant strategic focus?

Answers

Answer:

New Task

Explanation:

The new task is a company purchasing scenario where the purchaser initially buys  a products or services for the first time with no testing experience.

An comprehensive search is performed to assess alternatives, however.  The higher the price or risk concerned, the more decision-making participants '  knowledge is required.  

For instance, an organization that purchases raw resources for the first time  to produce devices.

One of the FBLA-PBL's goals is creating more interest in and understanding ofAmerican business______
A. services
B. products
C. enterprise
D. mentorships

Answers

Answer:

enterprise

Explanation:

FBLA-PBL is a non-profit organizations that was created to provide help for students who wanted to transition from their school life to the business world.

FBLA focused their operation to help students middle school-high school while PBL focused their operation to help students in College.

This organization taught the students with a couple of knowledge from Industry's expert about how to run and operate a businesses. They teach the students about things such as:

- a list of knowledge or expertise that will be seen as a valuable skill in a certain industry,

-  what to expect when they're interacting with their customers and employers,

- how to deal with investors,

-  etc.

Answer:

C. enterprise

Explanation:

It says on its website where you click on their about page and scroll down to their goals.

Lagos in the 20th century and Accra in the 21st century began benefitting from a new source of international earnings that enriched each nation’s economy. What industry was responsible for those new earnings?

Answers

Answer:

Oil and Gas Industry

Explanation:

The oil and gas industry boom was responsible for the international earning for Ghana in the 1990s and Nigeria in the 21st century. Ghana has been producing oils since the 1990s, but the discovery of silver jubilee field in 2010, it started to produce 240 MMbbl liters of oil and 396 Bcf of Gas. While in Nigeria oil was discovered in 1958 and it has been the largest oil producer in sub-Saharan Africa and became a member of OPEC in 1971. Its estimated production of crude oil was 2.413 barrels per day in 2005. In both, the oil boom transformed the economy.

Janice really likes potatoes. Potatoes cost $1 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. Suppose she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all subsequent pounds are worth $0.30.a. How many pounds of potatoes will she purchase?
b. What if she only had $2 to spend?
Explanation:_______
a. Janice will purchase potatoes until the value of potatoes is less than the cost of potatoes or until her income has been exhausted. For example, assume Janice has $5.00 to spend on potatoes or other items and the cost of a pound of potatoes is $1. Now assume the first pound of potatoes is worth $1.50 to Janice. She will purchase this pound of potatoes, since the value of the pound of potatoes ($1.50) is greater than the cost ($1). If the second pound is worth $1.14 and the third pound is worth $1.05, then Janice will purchase these as well, since the value exceeds the cost of $1. If all remaining pounds are worth $0.30, then Janice will not purchase these because the value is less than the cost. Thus, Janice will purchase 3 pounds of potatoes at a total cost of $3.00.
b. Now assume Janice only has $2.00 to spend on potatoes. She will purchase the first pound because it is worth $1.50 to her and it only costs $1. She will purchase the second pound because it is worth $1.14. She has now spent her entire income on potatoes. She would like to purchase the third pound because the value of this pound of potatoes is $1.05, but she does not have the income to make this purchase. Thus, Janice will purchase 2 pounds of potatoes at a total cost of $2.00.

Answers

Answer:

A) Janice will purchase 3 pounds of potatoes since she will buy them until her consumer surplus ≤ 0. The fourth pound of potatoes costs $1, and Janice is willing to pay only $0.30, so her consumer surplus s negative (-$0.70).

Consumer surplus is the difference between the price that a customer is willing and able to pay for a good and the good actual price.

B) If Janice only had $2 to spend, she would buy 2 pounds of potatoes, since her consumer surplus is positive at 2 pounds.

first pound costs $1, and Janice is willing to pay $1.50, consumer surplus = $0.50

second pound costs $1, and Janice is willing to pay $1.14, consumer surplus = $0.14

The face value of a promissory note is a. the discounted value of the note.
b. the amount for which the note is written plus the interest due to the maturity date.
c. the amount for which the note is written.
d. its realizable value.

Answers

Answer: Option C - the amount for which the note is written.

Explanation:

A written promise to pay a specified amount of money on a specific date. Face value of a promissory note is the amount for which the note is written, also known as the

amount borrowed (principal)

Final answer:

The face value of a promissory note is the amount for which the note is written. This amount is the original value that the issuer agrees to pay the payee in the future, excluding any interest or discount.

Explanation:

The face value of a promissory note is the original value or principal amount that is written on the note by the issuer. This is the amount that the issuer agrees to pay the payee at a future date. The face value does not include any interest or discount that may be due at the maturity of the note. Hence, according to your options, the face value of a promissory note is the amount for which the note is written, which is (c).

Learn more about face value here:

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Price controls that exist in the economy include price floors such as _____ and price ceilings such as _____. rent subsidies, equilibrium price
rent control, tax credit
minimum wage, rent control

Answers

Price controls that exist in the economy include price floors such as MINIMUM WAGE and price ceilings such as RENT CONTROL.

Price floor means that it is the lowest price a good or service can be priced, whereas, the price ceiling means that it is the maximum price a good or service can be priced. 

Answer:

RENT CONTROL.

Explanation:

What happens when wages are set by law above the equilibrium level? Firms employ fewer workers than they would at the equilibrium wage. ... Firms hire more workers but for fewer hours than they would at the equilibrium wage.