If the shipping cost is reduced to 4 cents per gallon, the firm may adjust the prices to take advantage of the lower shipping cost. The specific adjustment would depend on factors such as demand elasticity, cost considerations, and market competition.
I. If the firm charges the same uniform linear price in both parts of the country, the problem of the firm can be written as follows:
Maximize profit: π = (p - c) * q
Subject to:
Demand in the north: qN = 700 - p
Demand in the south: qS = (710 - p) / 3
Since the firm operates in both parts of the country, the total quantity supplied (q) is the sum of qN and qS: q = qN + qS
To find the equilibrium quantities qN and qS, we need to set the total quantity supplied equal to the total quantity demanded and solve for qN and qS:
qN + qS = Dn(qN) + Ds(qS)
II. If the firm can choose different prices in the north and south, and consumers in each part of the country cannot travel to buy in the other part, the problem of the firm can be written as follows:
Maximize profit: π = (pN - c) * qN + (pS - c) * qS
Subject to:
Demand in the north: qN = 700 - pN
Demand in the south: qS = (710 - pS) / 3
The equilibrium quantities qN and qS, as well as prices pN and pS, can be found by setting the marginal revenue equal to marginal cost for each region:
MRN = MC = pN - c
MRS = MC = pS - c
III. If consumers can buy gallons of gas in whatever part of the country and have them delivered for a cost per gallon, the firm would consider the shipping cost when determining prices.
If the shipping cost is 6 cents per gallon, the firm would not alter the prices found in (II) because the shipping cost is equal to the difference in prices between the two regions.
It's important to note that these are simplified economic models and the actual outcomes may depend on various market dynamics and assumptions.
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1. Name an automobile model that is positioned to satisfy customers' need for high quality
and status. Then name an automobile model that is positioned to satisfy a need for
inexpensive transportation. Describe the type of consumer who would buy each of the
brands you name. Explain how the automakers of the models you have chosen use
product features, branding, and positioning to make their products "stand out" from
others and differentiate them in the marketplace.
Answer:
1. An automobile model that is positioned to satisfy customers' need for high quality and status is the Mercedes-Benz S-Class.
2. An automobile model that is positioned to satisfy a need for inexpensive transportation is the Nissan Versa.
3. The consumer who would buy this brand is typically someone who is budget-conscious, looking for a reliable mode of transportation and prioritizes fuel efficiency.
4. Mercedes-Benz emphasizes the luxury and high-performance aspects of its vehicles, using sleek and stylish design, advanced technology features, and premium materials in its marketing campaigns. They position themselves as a symbol of status and luxury, appealing to those who want the best in terms of quality and performance.
Nissan, on the other hand, emphasizes the affordability and practicality of their vehicles, positioning themselves as a practical choice for those who are budget-conscious and value fuel efficiency. They use marketing campaigns that focus on the practical features of their vehicles, such as their low cost of ownership and fuel efficiency, as well as emphasizing their reliability and safety features.
Explanation:
Mercedes-Benz and Nissan use different product features, branding, and positioning strategies to appeal to different segments of the market. Mercedes-Benz appeals to those who value luxury and status, while Nissan appeals to those who value affordability and practicality. By using different strategies to differentiate themselves in the marketplace, they are able to capture the attention of different consumer segments and stand out in a crowded automotive market.
the graph of the accompanying figure shows the average annual percentage change y=f(t) in a particular country's gross national product (GNP) for the years 1986-1991. Choose the correct graph of dy/dt.
The graph of dy/dt is shown by the slope of the curve in the accompanying figure.
What do we entail from the graph?From the graph, it can be observed that the slope is positive from 1986 to 1988, indicating an increasing trend in the average annual percentage change of the country's GNP.
The slope becomes negative from 1988 to 1990, indicating a decreasing trend in the GNP growth rate. From 1990 to 1991, the slope becomes positive again, showing an increase in the GNP growth rate.
Therefore, the correct graph of dy/dt is a curve that shows a positive slope from 1986 to 1988, a negative slope from 1988 to 1990, and a positive slope from 1990 to 1991.
This information is useful for policymakers and investors to understand the GNP growth trends and make informed decisions.
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Generation Y, or Millennials, have a reputation for some basic traits that are commonly used to describe the generation, such as being tech-savvy, having preferences for instant gratification, relying on word-of-mouth over corporate messages, being socially and environmentally conscious, and displaying a sense of entitlement. Many companies lump American Generation Y consumers into one market segment based on these and similar descriptors, yet they continue to find difficulties in effectively marketing to them. A logical explanation is that this generation is a massive group at almost 80 million people, spanning two decades of births. There are many differences among the members that can be used to further segment these consumers into smaller, more meaningful groups that could be more effectively targeted. Boston Consulting Group and Barkley USA, an integrated marketing agency, performed a large-scale survey of 4,000 members of Generation Y and 1,000 consumers in older generations to better understand the differences. This research project resulted in six discrete segments of Generation Y members based on a variety of psychographic and key demographic attributes, which are described below:65
Hip-ennial: The largest segment, representing 29 percent, feels that they can have a positive impact and make the world a better place. They are very informed of what is going on globally and locally through regular consumption, but not creation, of news and information on social media. The majority of this segment is underemployed females, usually students and homemakers.
Millennial Mom: This is another large female-oriented segment, at 22 percent, who are confident, love to work out, travel, and pamper their children. This group skews to the older part of Generation Y and is the wealthiest of the six segments. They are very tech-savvy and active in social media, but they often feel isolated from others by their daily routines.
Anti-Millennial: This segment, which accounts for 16 percent, is much more traditional and conservative than the other groups. These consumers are focused on their own business and family and do not spend extra money on green products or services. Unlike the others, they are uncomfortable with change and excitement, opting instead for the comfort of the familiar. While this group contains members of both sexes, it tends to be more female.
Gadget Guru: This segment, at 13 percent, is dominated by single males. They are wired and place great importance on consuming cutting-edge technological innovations. This group is generally very confident, successful, and free spirited. They also are known for actively contributing content to social media.
Clean and Green Millennial: This segment accounts for 10 percent and is male-dominated, younger, and likely to be full-time students. They are cause-driven, environmentally conscious, and health conscious and maintain generally positive outlooks. This group generates quite a bit of social media content, which often is related to supporting their philanthropic causes of choice.
Old-School Millennial: This segment, which covers the remaining 10 percent, is quite different from the other five segments. They are the least likely to spend much time consuming or generating online content, instead preferring to read books and meet social contacts in person. They are also much more charitable than the other segments. This group is independent and self-directed, whereas other Gen Y members prefer mentors and managerial feedback. This group tends to be older than the other segments.
Clearly Generation Y is large and diverse, and marketers should consider the differences in these segments in designing appropriate and effective marketing strategies.
Anwser these questions:
a. Do you feel that these segments are mutually exclusive, meaning there is no overlap and a particular person should fit only into one segment? Do you feel they are exhaustive, meaning that together they cover everyone? Explain.
b. Imagine you are a marketer of some type of consumer packaged good. Choose a product and choose one of the segments. How would you best communicate about your chosen product with your chosen segment?
The six segments identified within Generation Y are not mutually exclusive, meaning that there can be some overlap among individuals who possess characteristics of multiple segments. However, the segments are designed to be exhaustive, aiming to cover the majority of Generation Y consumers based on their psychographic and demographic attributes.
While there may be individuals who exhibit traits from multiple segments, the purpose of segmenting Generation Y into these six categories is to better understand their diverse preferences, behaviors, and attitudes. This segmentation approach allows marketers to tailor their strategies and communications to specific subgroups within Generation Y that share similar characteristics.
As a marketer of a consumer packaged good, selecting a product and targeting one of the segments would involve understanding the unique preferences and needs of that particular segment. For example, if the chosen segment is the "Millennial Mom" segment, known for being tech-savvy and active in social media, the marketing strategy could involve leveraging digital platforms and social media channels to reach and engage this segment. Content creation highlighting the product's convenience, family-friendly features, and health benefits could resonate well with Millennial Moms. Additionally, partnering with influential mom bloggers or utilizing targeted online advertisements could further enhance the communication strategy and increase the product's visibility among this specific segment.
By understanding the characteristics and behaviors of the chosen segment, marketers can craft personalized messages and employ channels and tactics that align with their preferences, increasing the effectiveness of their marketing efforts.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUWhich of the following might experience a factor of failure related to expansion?
A. A hair salon that hires new employees immediately after it opens
B. A restaurant that doesn't have a website
C. A shoe store located near another popular shoe store
D. A grocery store with employees who miss company meetings
Answer:
a
Explanation:
cggm nauseousness hfff fallen
Advertising plans include: (select 3 that apply)
HELP ASAPSelect 3 correct answer(s)
developing a marketing strategy
evaluating the results of the advertising
determining the target market
setting an advertising budget
o discrediting the competition
Advertising plans include defining the target market, setting an advertising budget, and evaluating advertising results.
An advertising plan can be defined as a strategy used by companies to:
attract and retain consumers.For this, it is necessary for the organization to define its target market, the necessary budget and the communication channels where its advertising will be shown.
It is also essential to monitor and evaluate advertising results to understand how advertising has impacted audiences and achieved expected results.
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Answer:B,C,D
Explanation:
A design firm wants to hire a senior manager to oversee its architecture division. four applicants and their qualifications are listed in the chart. a 2-column table with 4 rows titled job qualifications of applicants. column 1 is unlabeled with entries samuel, hayley, rhonda, enrique. column 2 is labeled qualifications with entries has been in the field 2 decades, designed many buildings as an architect, wants to move into management; has been a manager for a decade, designed many buildings as an architect, has supervised projects for clients; has been in the field for 7 years, designed many buildings as a mechanical engineer, wants to move into management; has been in the field for 7 years, designed many buildings as a mechanical engineer, wants to move into management. which candidate will most likely get the job? samuel hayley rhonda enrique
The candidate will most likely get the job is Hayley. Check the reason for the above answer below.
Who is an architect?The person who is architect is known as a person that is responsible for the planning, designs and the management of a building work.
Conclusively, The candidate will most likely get the job is Hayley because he is known to be the manager for a long time and he has designed many buildings as an Architect.
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Answer:
Hayley. 100%
Explanation:
Not Wrong.
the primary difference between a chemical attack and an accidental chemical release is:
The primary difference between a chemical attack and an accidental chemical release lies in the intent behind the release.
A chemical attack is a deliberate and intentional act by a person or group with the aim of causing harm to others. This can take various forms such as the release of toxic gases, poisoning of food or water sources, or the detonation of chemical explosives.
In contrast, an accidental chemical release occurs unintentionally, often as a result of human error or mechanical failure, and without the intention of causing harm. Examples of accidental releases include spills from chemical factories, leaks from pipelines, or explosions in chemical plants.
The consequences of chemical attacks and accidental releases can be severe, including injuries, illnesses, and deaths, as well as damage to the environment and infrastructure. However, the distinction between the two is important as it informs the response strategies that should be employed.
In the case of a chemical attack, immediate action is necessary to prevent further harm and to bring those responsible to justice. In contrast, an accidental release requires a coordinated response to contain and mitigate the effects of the release, as well as to prevent similar incidents from occurring in the future.
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in one paragraph, explain the impact of working capital management on the business’s operations. provide examples to support your claims
Working capital management plays a crucial role in a business' tasks as it straightforwardly influences the organization's liquidity, benefit, and in general productivity.
Effectively managing working capital guarantees that an organization has adequate assets to cover its momentary commitments and functional costs. For example, advancing the administration of records receivable can assist with further developing income by diminishing the time it takes to gather installments from clients.
For instance, arranging ideal installment terms with providers can improve income by stretching out an opportunity to pay solicitations. Then again, unfortunate working capital administration can prompt liquidity limitations, botched open doors, and expanded acquiring costs.
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Madison wants to buy a car that will cost 15160 if Madison plans to save 1684 per month how many months will be necessary to save?
mcrae corporation's total current assets are $452,000, its noncurrent assets are $554,000, its total current liabilities are $376,000, its long-term liabilities are $304,000, and its stockholders' equity is $326,000. working capital is:
Given:
total current assets are $452,000total current liabilities are $376,000long-term liabilities are $304,000 its stockholders' equity is $326,000We have to find out the working capital.
A financial indicator called working capital measures the operating liquidity that a company, organization, or other body, including a government entity, has available to it. Working capital is seen as a component of operational capital, along with fixed assets like plant and equipment.
The working capital can be found in the following manner:
Working capital = current assets – current liabilities
=452,000- 376,000
=$76000
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Derek plans to retire on his 65 th birthday. However, he plans to work part-time until he turns 75.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 75.0 when he fully retires, he will wants to have $2,538,824.00 in his retirement account. He he will make contributions to his retirement account from his 26 th birthday to his 65 th birthday. To reach his goal, what must the contributions be? Assume a 7.00% interest rate. Answer format: Currency: Round to: 2 decimal places.
To accumulate $2,538,824.00 in his retirement account by retirement, Derek needs to make annual contributions of approximately $7,207.06 from his 26th to his 65th birthday, assuming a 7.00% interest rate.
To calculate the required contributions for Derek to reach his retirement goal of $2,538,824.00, we can use the future value formula for a series of regular deposits:
\($$Future Value = Payment \times [(1 + $ Interest Rate)^{Number of Periods - 1}] / $ Interest Rate\)
In this case, Derek will make contributions from his 26th birthday to his 65th birthday, which is a period of 40 years. The interest rate is 7.00%.
Plugging these values into the formula and solving for Payment (contributions), we get:
$\(2,538,824.00 = $ Payment \times [(1 + 0.07)^{40 - 1}] / 0.07\)
Simplifying the equation and solving for Payment, we find:
\(Payment = $2,538,824.00 \times (0.07 / [(1 + 0.07)^{40 - 1}])\)
Calculating this expression, we get:
Payment ≈ $7,207.06
Therefore, Derek must make contributions of approximately $7,207.06 per year to his retirement account to reach his goal of $2,538,824.00 by the time he fully retires.
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2.
What is selling? How can you apply this in your real life as a student?
Which of the following is not one of the risk categories
A:Practical
B:controllable
C:Pure
D:Speculative
Answer:
pretty sure controllable bc controllable isn't a risk. ( I've I had brainliest could u pls give me it ???)
to create the most ________ for someone like gabby’s dad, coffee houses need to minimize their expenses and keep their prices down. fancy furniture and free wifi are simply not of interest to consumers who want a quick, inexpensive cup of coffee.
To create the most customer value for someone like gabby’s dad, coffee houses need to minimize their expenses and keep their prices down. fancy furniture and free wifi are simply not of interest to consumers who want a quick, inexpensive cup of coffee.
Which kind of market segmentation do most luxury product marketers who sell to the wealthy use?Luxury brands concentrate on psychographic segmentation by looking at the lives of their customers. Since their purchasing decisions are mostly affected by these categories, the majority of luxury businesses have over the years targeted consumers whose lifestyles are primarily models, singers, film stars, etc.
Which sort of market segmentation takes into account consumers' spending and buying patterns and interactions with brands?The technique of categorizing clients based on typical behaviors they display when interacting with your business is known as behavioral segmentation. You can divide your audience into groups for this form of segmentation based on: finance practices. Purchase practices.
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New Order: Convert patients IV to SL.
A. LIST the supplies you need to convert IV and flush the
SL.
B.
List SL procedure steps.
C. Do you need to wear gloves to flush a SL? Yes or No
D. If you meet re
The supplies required for the conversion include a syringe, medication, sterile saline flush, alcohol swabs, and sublingual medication.
To convert a patient's IV to SL, you will need the following supplies:
A. Syringe: To withdraw the sublingual medication.
B. Medication: The prescribed sublingual medication for the patient.
C. Sterile saline flush: Used to flush the IV line before removal.
D. Alcohol swabs: To clean the IV site and ensure cleanliness.
E. Sublingual medication: The specific medication designed for sublingual administration.
The SL procedure steps include:
A. Assessing the patient's IV site: Check for any signs of infection or complications.
B. Preparing the sublingual medication: Draw the prescribed sublingual medication into the syringe.
C. Removing the IV catheter: Gently remove the IV catheter from the patient's vein.
D. Flushing the IV line with sterile saline: Use the sterile saline flush to clear the IV line.
E. Administering the sublingual medication: Place the sublingual medication under the patient's tongue and instruct them to hold it there until it dissolves.
It is recommended to wear gloves when flushing a SL to maintain infection control and prevent the spread of pathogens.
During the process, it is important to adhere to proper infection control practices, maintain aseptic technique, and ensure patient safety and comfort. Following these steps and using the appropriate supplies will help facilitate a successful conversion from IV to SL.
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The function f(x) = 2,000(1 + )12t models the balance in a savings account.
The savings account had an initial balance of _ and compounds
_ at an interest rate of _
Answer:
In the exponential function f(x) = P(1 + )nt :
P = principal value
r = the annual interest rate
n = number of compounding periods in a year
t = time in years
For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.
Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.
Explanation:
Explanation from PLATO
suppose the exchange rate is 90 yen per u.s. dollar and the united states wants to keep the exchange rate at a target rate of 90 yen per u.s. dollar. if the demand for u.s. dollars , the fed ______.
Suppose the exchange rate is 90 yen per u.s. dollar and the united states want to keep the exchange rate at a target rate of 90 yen per u.s. dollar. if the demand for u.s. dollars the fed sells dollars to lower the exchange rate.
The larger the expected profit of holding US dollars, the lesser the amount of US dollars offered in the forex market. If the exchange rate is too high, excess US dollars will depress the currency.
If the exchange rate is too low the US dollar will become scarce and the exchange rate will rise. The higher the exchange rate, the lower the demand for the US dollar. Interest rates in the US and other countries
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Malaki ran 9,656 meters on Monday and 4,687 meters on Tuesday. How many more meters did she run on Monday than on Tuesday?
Answer: 4969 meters
Explanation: Here's what you do: 9,656 - 4,687 = 4969
Answer: 4969 meters
Explanation:
4. The inverse demand for a homogeneous-product Stackelberg duopoly is P = 16,000 - 49 The cost structures for the leader and the follower, respectively, are CLIQL) = 4,000QL and CF(QF) = 6,000QF (LO2, LO3) a. What is the follower's reaction function? b. Determine the equilibrium output level for both the leader and the follower. c. Determine the equilibrium market price. d. Determine the profits of the leader and the follower.
a) reaction function is QF = (8,000 - 0.5QL - 24.5P) / 49. b) equilibrium output level QF = 1,142.9. c) equilibrium market price is 9,571.4. d) profits is 4,114,286.
a. The follower's reaction function can be found by solving for QF in terms of QL. Since the leader will produce their output first, the follower will take this into account when making their decision. Thus, we can set the leader's output equal to QL and solve for QF: QL = (16,000 - 49(QL + QF)) / 2. Simplifying this equation gives the follower's reaction function: QF = (8,000 - 0.5QL - 24.5P) / 49.
b. To find the equilibrium output levels, we need to solve for QL and QF simultaneously. Using the follower's reaction function, we can substitute QF into the leader's profit-maximizing condition: MR = MC. The leader's marginal cost is CLIQL, so we have (16,000 - 49(QL + QF)) / 2 = 4,000QL. Solving for QL gives QL = 2,285.7. Using the follower's reaction function, we can then solve for QF: QF = 1,142.9.
c. The equilibrium market price is found by substituting the equilibrium output levels into the demand function: P = 16,000 - 49(QL + QF) = 9,571.4.
d. To find the profits of the leader and follower, we need to subtract their costs from their revenues. The leader's revenue is PQL = 21,942,857, and their cost is CLIQL = 9,142,857. Therefore, their profit is 12,800,000. The follower's revenue is PQF = 10,971,429, and their cost is CFQF = 6,857,143. Therefore, their profit is 4,114,286.
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Which of the following is true about
your "gross" pay?
A. It is the money you make before taxes.
B. It is the money you take home after taxes are taken
out..
C. It is the amount of money you pay in social security
tax.
D. It is the amount of money you pay in federal tax.
under federal law employees must be provided safety gear at no cost to them
Under federal law, employers are responsible for providing their employees with a safe working environment. This includes providing personal protective equipment (PPE) to workers at no cost to them. PPE can include items such as hard hats, safety glasses, gloves, respirators, and other protective gear that is necessary for the job.
The Occupational Safety and Health Administration (OSHA) sets standards for workplace safety and requires employers to provide PPE to employees when there are hazards present in the workplace that could cause injury or illness. Employers must assess the workplace to determine the hazards present and provide the appropriate PPE to protect their employees from those hazards.
It's important to note that while employers are required to provide PPE at no cost to employees, employees are also responsible for using the equipment properly and reporting any hazards or safety concerns to their employer. Employers must also train their employees on how to properly use and maintain the PPE provided to them. In summary, federal law requires employers to provide safety gear, including PPE, to their employees at no cost to them. This helps ensure that workers are protected from hazards in the workplace and can perform their job duties safely.
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The owner of which of the following products is MOST exposed to inflationary risk? A. utility stocks. B. Treasury bills. C. treasury bonds. D. blue chip
The owner of Treasury bills is MOST exposed to inflationary risk, option b.
Inflationary risk refers to the potential loss of purchasing power due to a general increase in prices over time. Treasury bills are short-term debt instruments issued by the government to raise funds. They typically have a maturity period of less than one year. However, Treasury bills are considered low-risk investments because they are backed by the government.
The reason Treasury bill owners are most exposed to inflationary risk is that these investments generally offer fixed interest rates. If inflation rises, the purchasing power of the fixed-interest payments decreases. As a result, the real return on Treasury bills (adjusted for inflation) may decline.
On the other hand, utility stocks (option A), treasury bonds (option C), and blue-chip stocks (option D) may also be affected by inflation but to a lesser extent. Utility stocks often have stable cash flows and may even increase prices in response to inflation, which could partially offset the impact. Treasury bonds usually have longer maturities and may provide better protection against inflation compared to Treasury bills. Blue-chip stocks represent shares of large, well-established companies, which often have the ability to adjust prices and adapt to inflationary pressures.
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Which of the following best describes a stock.
A) An incredibly stable investment that is always a safe investment
B) Is insured by the FDIC
C) Represents a share of ownership of a corporation
D) Only sold in the United States
Answer: C
Explanation: A stock represents a share of ownership of a corporation. Stocks are bought by people so they can get money. If the company's stock they by it from goes well, they get money as well as interest. The answer is C. Hope this helps!
On February 1, 1882, Jacobsen Gonna Build dat House Construction Company Incorporated, LLC agreed to construct a boat at a contract price of $8,000,000. JGBdHCC estimated total construction costs would be $5,525,000 and the project would be finished in 1884. Information relating to the costs and billings for this contract is as follows:
1882 1883 1884
Total costs incurred to date $2,021,250 $3,705,000 $6,150,000
Estimated costs to complete 3,503,750 2,445,000 -0-
Customer billings to date 2,500,000 6,250,000 8,000,000
Collections to date 2,000,000 5,000,000 7,500,000
Fill in the correct amounts on the following schedule. For percentage-of-completion accounting and for completed-contract accounting:
Percentage-of-Completion Completed-Contract
Revenue Revenue
1882 ___________ 1882 ___________
1883 ___________ 1883 ___________
1884 ___________ 1884 ___________
Percentage-of-Completion Completed-Contract
Gross Profit Gross Profit
1882 ___________ 1882 ___________
1883 ___________ 1883 ___________
1884 ___________ 1884 ___________
Over/Under
Billed
1882 ___________
1883 ___________
1884 ___________
To fill out the table, we need to use the information given in the problem and apply the formulas for percentage-of-completion and completed-contract accounting.
Percentage-of-Completion Method:
To calculate revenue, we first need to calculate the total cost of the contract. This is the sum of the costs incurred to date and the estimated costs to complete:
Total cost = $2,021,250 + $3,705,000 + $0 = $5,726,250
To calculate revenue, we need to calculate the percentage of the contract completed in each year. This is given by the ratio of costs incurred to date to the total cost of the contract. Using this ratio, we can calculate revenue as follows:
Revenue 1882 = $2,021,250 / $5,726,250 x $8,000,000 = $2,823,684
Revenue 1883 = $3,705,000 / $5,726,250 x $8,000,000 = $5,176,316
Revenue 1884 = $6,150,000 / $5,726,250 x $8,000,000 = $8,623,684
To calculate gross profit, we need to subtract the total costs incurred to date from the revenue recognized to date:
Gross profit 1882 = $2,823,684 - $2,021,250 = $802,434
Gross profit 1883 = $5,176,316 - $3,705,000 = $1,471,316
Gross profit 1884 = $8,623,684 - $6,150,000 = $2,473,684
To calculate the over/under billed amount, we need to subtract the customer billings to date from the revenue recognized to date:
Over/under billed 1882 = $2,823,684 - $2,500,000 = $323,684
Over/under billed 1883 = $5,176,316 - $6,250,000 = -$1,073,684
Over/under billed 1884 = $8,623,684 - $8,000,000 = $623,684
Completed-Contract Method:
Under the completed-contract method, revenue and gross profit are recognized only when the contract is completed. Therefore, we recognize no revenue or gross profit until 1884.
Revenue 1882 = $0
Revenue 1883 = $0
Revenue 1884 = $8,000,000
Gross profit 1882 = $0
Gross profit 1883 = $0
Gross profit 1884 = $2,273,750 ($8,000,000 - $5,726,250)
Under/Over Billed:
Under/over billed 1882 = $0
Under/over billed 1883 = $1,750,000 ($6,250,000 - $4,500,000)
Under/over billed 1884 = $0
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A person who is a good employee of a multinational company means that he is fit to be an entrepreneur. TRUE or FALSE
Jessie is designing a new style of bracelet to sell at school to raise money for fbla. She has sold so many bracelets that she has assigned other members of fbla to assist her in making the bracelets. Which production activity step is this?.
Answer:
recruiting/hiring
Explanation:
i dont know its just a guess
What retirement plan do you think fits most people best?
Answer:
I think most people go with the IRA.
What are some results if you don't use proper advertising or promotion?:
Answer:
Not using proper adverstising or promotion results in customers not being aware of the product leading to lower sales and failing of new products.
Explanation:
wuestion in the previous attempt View A vision represents Multiple Choice the CEO's responsibility the guardrails that keep the firm from making bad decisions the future that the firm is trying to create a way to market the firm to consumers. the strategic actions the firm takes.
The strategic actions the firm takes the guardrails that keep the firm from making bad decisions.
Strategic Actions are initiatives or programmes that go outside of an organization's normal operating activity and are intended to assist it in achieving its strategy. They include implementing change, building capacity to do something new or better, or enhancing performance. Setting goals or objectives, conducting analysis, developing, implementing, and monitoring strategies are the five stages of the process. The strategic management process consists of more than just a set of guidelines. It is a way of thinking about doing business. Based on a company's mission, vision, or goals, strategic decisions are made. Let me give you an illustration. A cat food company manager observes that his clients prefer fresher, higher-quality food over cheap, extremely huge volumes of cat food.
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