n
Myanmar
(formerly Burma),
seven
laborers, each making the equivalent of
$5.00
per day, can produce
38
units per day. In
China,
nine
laborers, each making the equivalent of
$4.50
per day, can produce
48
units. In
Billings, Montana,
three
laborers, each making
$120.00
per day, can make
105
units.
Part 2
Based on labor cost per unit only, the most economical location to produce the item is
Select one:
Myanmar
Billings, Montana
China
, with a labor cost per unit of
$______ enter your response here.
(Enter your response rounded to two decimal places.)
Answers
Based on labor cost per unit only, the most economical location to produce the item is Myanmar.
To determine the most economical location to produce the item based on labor cost per unit, we need to calculate the labor cost per unit for each location. In Myanmar, seven laborers produce 38 units per day, each making $5.00 per day. Therefore, the labor cost per unit in Myanmar is $5.00 / 38 = $0.13 (rounded to two decimal places).
In China, nine laborers produce 48 units per day, each making $4.50 per day. Thus, the labor cost per unit in China is $4.50 / 48 = $0.09 (rounded to two decimal places). In Billings, Montana, three laborers produce 105 units per day, each making $120.00 per day. Therefore, the labor cost per unit in Billings, Montana is $120.00 / 105 = $1.14 (rounded to two decimal places).
Comparing the labor cost per unit, we can see that Myanmar has the lowest labor cost per unit ($0.13), making it the most economical location to produce the item solely based on labor cost.
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Related Questions
How will taxation influence the circular flow model
Answers
Answer:
TMS
Explanation:
Taxes (T) imposed by the government reduced the flow of income.
Money paid to foreign companies for imports (M) also constitutes a leakage.
Savings (S) by businesses that would have been put to use are a decrease in the circular flow of an economy's income.
if a central bank increases the money supply in response to an adverse supply shock, then which of the following quantities moves closer to its pre-shock value as a result? a. output but not the price level b. both the price level and output c. neither output nor the price level d. the price level but not output
Answers
If a central bank increases the money supply in response to an adverse supply shock, then price level of the supplied commodity.
What is central bank ?A central bank refers to a public institution that controls the currency of a country or group of countries and controls the money supply. The main goal of many central banks is price stability. A central bank's key role is to implement monetary policy to achieve price stability and manage economic volatility. The political framework in which central banks operate has changed significantly in recent decades. Like any central bank, the ECB derives its income from a variety of sources. These range from interest income related to the issuance of banknotes, known as 'seigniorage income', to interest income on foreign exchange reserves, investments and bonds purchased under the Asset Purchase Program.To learn more about central bank from the given link :
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Which statement best explains the decrease in manufacturing jobs over the next few years?
1)There is not enough demand for manufactured goods.
2) These jobs are often outsourced to overseas factories.
3)There are not enough skilled workers to fill the positions.
4)The cost of technical training and on-the-job training is high.
Answers
Answer:
2) These jobs are often outsourced to overseas factories.
Explanation:
The correct option is B. These jobs are often outsourced to overseas factories which best explains the decrease in manufacturing jobs over the next few years.
What is the effect of outsourcing jobs?Outsourcing jobs enables American businesses to compete more effectively on a global scale. With abroad branches, they are able to sell to foreign markets. By employing in developing nations with lesser standards of living, they maintain low labor prices. As a result, the prices of the commodities they ship back to the US are reduced.
Production outsourcing has significant effects on labor and material costs, with a tendency to drive up material costs and drive down labor costs. This study also demonstrates that process techniques do not moderate the impact of high levels of supplier integration on total COGS.
The best choice is B. The loss in manufacturing jobs over the next years can be best explained by the fact that these positions are frequently outsourced to manufacturers in other countries.
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What are the remedial measures of unemployment in nepal?explain
Answers
The accounting principle that requires revenue to be recorded when goods or services are provided customers and at an a
received from customers is
Answers
Answer:
revenue recognition principle
Explanation:
is this what you are looking for?
3 . Relationship between tax revenues, deadweight loss, and demandelasticity
The government is considering levying a tax of $60 per unit on suppliers of either concert tickets or bus passes. The supply curve for each of these two goods is identical, as you can see on each of the following graphs. The demand for concert tickets is shown by DC (on the first graph), and the demand for bus passes is shown by DB (on the second graph).
Suppose the government taxes concert tickets. The following graph shows the annual supply and demand for this good. It also shows the supply curve ( S+Tax ) shifted up by the amount of the proposed tax ($60 per ticket).
On the following graph, use the green rectangle (triangle symbols) to shade the area that represents tax revenue for concert tickets. Then use the black triangle (plus symbols) to shade the area that represents the deadweight loss associated with the tax.
Answers
What are some actions that may be taken by a nation to reduce interest rates in a country
Answers
Answer:
If needed, the Federal Reserves has the ability to lower interest rates.
Explanation:
why is free car insurance an incentive for college graduates and first time buyers?
Answers
Answer:
Free car insurance is an incentive for college graduates and first time buyers sheerly because of the price. College graduates and the like usually do not have the wealth to spend too much on car insurance.
Explanation:
Erin's weekly health deduction from her check is $5.35. If his employer pays 80% of the premium, how much is her annual premium?
Answers
Answer:
Explanation:
I assume they are asking for the total premium paid per year, but I will also show just the amount she pays per year.
To figure out the total annual premium:
If the employer pays 80%, then the employee pays 20% (100%-80%).
Total Premium x .20% = 5.35
Total Premium = 5.35/.2 (20%)
Total Premium = 26.75 per week
Total annual premium is 26.75 x 52 weeks = 1,391
‘The employee only pays 20% or 5.35 per weekly paycheck. Her annual costs is 5.35 x 52 weeks=278.20
Quizlet what is the marginal relative frequency for the subjects in this study who said yes when asked if they saw any broken glass at the accident?
Answers
The margin relative frequency for the subjects in this study who said yes when asked if they saw any broken glass at the accident is 19.33%
In the study, 150 subjects were asked if they saw any broken glass at the accident.
these, 29 said yes and 121 said no. The marginal relative frequency for the subjects who said yes is calculated by dividing the number of subjects who said yes by the total number of subjects, and then multiplying by 100%. This gives us (29 / 150) * 100% = 19.33%.
The marginal relative frequency for a group of data is the ratio of the number of observations in that group to the total number of observations in the data set. In this case, the group of data is the subjects who said yes when asked if they saw any broken glass at the accident. The total number of observations in the data set is 150, so the marginal relative frequency for the subjects who said yes is 19.33%.
The marginal relative frequency is a useful way to compare different groups of data. For example, we could compare the marginal relative frequency for the subjects who said yes to the marginal relative frequency for the subjects who said no. This would give us an idea of how likely the different groups of subjects were to say yes to the question.
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Is eating a tomato bias?
Answers
Answer:
hindi ko po maintindihan ang tinatanong nyo
Explanation:
sa susunod po kumpletuhin nyo para masagut ko ang tanong mo
broker sam lists a house and sells it 2 months into the listing period. after closing sam tries to collect his commission but the seller refuses and proves that he is not legally obligated to pay a commission. what type of listing did sam most likely have? select one: a. exclusive agency listing. b. open listing. c. net listing. d. exclusive right-to-sell listing.
Answers
d. Exclusive right-to-sell listing. Sam most likely had an exclusive agency listing where the seller is not legally obligated to pay a commission if they sell the house independently within the listing period.
In an exclusive agency listing, the seller agrees to work exclusively with one real estate broker or agent, but reserves the right to sell the property themselves without paying a commission. In this scenario, the seller was able to sell the house within the listing period without the involvement of Sam, the broker. As a result, the seller can argue that they are not legally obligated to pay a commission since they found the buyer independently.
To further elaborate, an exclusive agency listing grants the broker the exclusive right to represent the seller and market the property. However, if the seller finds a buyer without the broker's assistance, they are not required to pay a commission. This type of listing provides a level of flexibility for the seller while still maintaining a relationship with the broker. It incentivizes the broker to actively market the property and find a buyer to secure their commission. However, if the seller successfully sells the property on their own efforts, they can avoid paying the broker's commission.
In summary, based on the scenario provided, it is likely that Sam had an exclusive agency listing, where the seller is not legally obligated to pay a commission if they sell the house without the broker's involvement.
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joe wants to go into the business of construction contracting. among the reasons that would probably convince joe to set up his business as a sole proprietorship include: ___
Answers
Joe might choose to set up his construction contracting business as a sole proprietorship due to reasons such as simplicity, complete control, and minimal legal requirements.
One reason that may convince Joe to establish his construction contracting business as a sole proprietorship is the simplicity of the business structure. Sole proprietorships are relatively easy and inexpensive to set up and maintain compared to other forms of business entities. Joe would have fewer legal and administrative requirements to fulfill, making it a convenient choice for starting his business.
Another reason is that as a sole proprietor, Joe would have complete control over his business. He would make all the decisions independently, including those related to the operations, finances, and strategic direction of the company. This level of control can be appealing to individuals who prefer to have autonomy and the ability to implement their own ideas and vision.
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Suppose $575.00 is invested in an account in which interest is compounded at 4.7% APR.
For compounding semiannually, find the value of the investment after 16 months.
Answers
The value of the investment after 16 months with semiannual compounding is approximately $603.22.
To find the value of the investment after 16 months with semiannual compounding, we need to use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A = Final amount
P = Principal amount (initial investment)
r = Annual interest rate (in decimal form)
n = Number of compounding periods per year
t = Time in years
In this case:
P = $575.00
r = 4.7% = 0.047 (converted to decimal)
n = 2 (since compounding is done semiannually)
t = 16 months = 16/12 years (converted to years)
Plugging in the values into the formula, we have:
A = 575(1 + 0.047/2)^(2*(16/12))
A = 575(1 + 0.0235)^(2*(4/3))
A = 575(1.0235)^(8/3)
A ≈ 575(1.0235)^2.6667
A ≈ 575(1.0485)
A ≈ 603.22
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Explain why socialist societies do not use a circular flow chart.
Answers
restricted stock generally allows the executives ownership of the stock after how many years?
Answers
Restricted stock typically allows executives ownership of the stock after a vesting period, which can vary depending on the terms of the agreement.
The vesting period is the length of time an employee must work for the company before gaining full ownership of the restricted stock. Vesting schedules can vary, but common vesting periods range from 1 to 5 years.
Once the vesting period has elapsed, the restrictions on the stock are lifted, and the executive can exercise ownership rights, including the ability to sell the stock or hold onto it as an investment.
It is worth noting that restricted stock is different from stock options, which give executives the right to purchase company stock at a predetermined price within a specified period.
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Employees usually do not reflect much concerning a decision to quit; rather, quitting is in response to immediate events.
a. True
b. False
Answers
The statement is false. Employees usually do not reflect much concerning a decision to quit; rather, quitting is in response to immediate events.
An employee is a person who has agreed to be employed to paint for a few shapes of fee below an agreement of employment. Your employment popularity will assist define what rights and responsibilities you have got at paintings. There are three fundamental varieties of employment popularity: employee.
Before hiring a new team member, it is crucial to apprehend your options in regard to special kinds of employees. research the main variations among complete-time, part-time, seasonal, and brief personnel. Any person who strives hard to accomplish the desires and goals of a specific employer is called an employee. personnel is employed to carry out particular obligations as per their specialization, hobby regions, and former stories.
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in regard to resource leveling, why are noncritical path activities generally the first to be delayed?
Answers
Noncritical path activities are generally the first to be delayed in resource leveling because they have more flexibility in terms of their start and finish times compared to critical path activities.
Resource leveling is a technique used in project management to address resource constraints and optimize resource utilization. The critical path represents the sequence of activities that determine the project's overall duration. These activities have zero or very little flexibility in terms of their start and finish times, and any delay in critical path activities will directly impact the project's completion time. On the other hand, noncritical path activities have some slack or float, meaning they can be delayed without affecting the project's overall duration. By delaying noncritical path activities, project managers can better allocate scarce resources to critical path activities and ensure that critical tasks are completed on time. Delaying noncritical path activities allows for better resource utilization and avoids overloading resources when they are already stretched thin. It helps to balance resource allocation and ensure that critical activities receive the necessary attention and resources to meet project deadlines.
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Using the free cash flow valuation model to price an IPO Personal Finance Problem Assume that you have an opportunity to buy the stock of CoolTech, Inc., an IPO being offered for $3.19 per share. Alth
Answers
The free cash flow valuation model helps an individual to determine the price of a company that is planning an initial public offering (IPO).
This model helps in identifying the expected returns from an IPO. The model considers various factors such as free cash flow, growth rate, discount rate, and the terminal value to determine the intrinsic value of the company. In this model, free cash flow is used instead of net income because it is a better indicator of a company’s financial health. Free cash flow is calculated by subtracting capital expenditure from operating cash flow. It is the amount of cash available to the company after all of its operating and capital expenditure needs have been met.
The formula for calculating the intrinsic value of a company is:
Intrinsic value = Free cash flow / (1+Growth rate) ^ n + Terminal value / (1+Discount rate) ^ n
Therefore, it can be concluded that the free cash flow valuation model can be effectively used to price an IPO. This model considers various factors such as free cash flow, growth rate, discount rate, and terminal value to determine the intrinsic value of a company. Free cash flow is used in this model instead of net income, which is a better indicator of a company’s financial health.
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fill in the blank.a(n)___manager does not specialize in one particular function but manages an entire business or a major segment of a business.
Answers
A general manager does not specialize in one particular function but manages an entire business or a major segment of a business.
A general manager is a high-level executive who is responsible for managing an entire business or a major segment of a business, such as a division or department. Unlike managers who specialize in a particular function, such as marketing, finance, or operations, a general manager is responsible for overseeing all aspects of the business, including strategy, operations, finances, and personnel.
General managers typically have a broad range of responsibilities, which can include setting strategic goals and objectives, developing plans to achieve those goals, allocating resources to various functions and departments, overseeing financial performance, managing personnel and talent development, and ensuring compliance with laws and regulations.
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Heidi, a local farmer, buys her equipment exclusively from the manufacturer Farm Supply Inc. Because of this, Heidi is affected by Farm Supply Inc.'s operations. This indicates that Heidi is
Answers
Answer:
E. Stakeholder
Explanation:
Ths stakeholder is a person who has an interest in a company. It involves investors, employees, customers, suppliers, etc and got affected.
Since in the question it is mentioned that the Heidi who is a local farmer purchase the equipment from the manufacturer and he gots affected so this indicated that Heidi is a stakeholder
Therefore, the last option is correct
Job satisfaction can be lost for all of the following reasons EXCEPT:
a.
Lack of opportunities for promotion
b.
Bickering with co-workers
c.
Being recognized for a job well done
d.
Having little or no say in decisions that affect you
Answers
Answer:
Being recognized for a job well done
Explanation:
State two reasons why people work
Answers
Answer:
earn money, make a change, fulfill their dreams
Explanation:
Money isn't the only reason why people work it's also for independence and have more control over their own life.
Explanation:
when you work you are also getting more skills and making more friends with people you have meet in you'r job.
Michael Jones owns a Web design firm. The way Michael prices his products is to determine what consumers are willing to pay, and then he backs off a bit to provide a cushion. The method that Michael used to determine his prices is called: cost-based pricing competitive-based pricing value-based pricing technical pricing predatory pricing
Answers
The method that Michael Jones uses to determine his prices, by considering what consumers are willing to pay and providing a cushion, is called value-based pricing.
Value-based pricing is a strategy where prices are set based on the perceived value that customers derive from a product or service. Instead of focusing solely on costs or competitor prices, value-based pricing takes into account the benefits, features, and overall value that the offering provides to customers. By understanding what customers are willing to pay and adjusting the price accordingly, Michael aims to capture the perceived value and maximize profitability for his Web design firm.
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Waterways is thinking of mass-producing one of its special-order sprinklers. To do so would increase variable costs for all sprinklers by an average of $0.60 per unit. The company also estimates that this change could increase the overall number of sprinklers sold by 10%, and the average sales price would increase $0.20 per unit. Waterways currently sells 482.000 sprinkler units at an average selling price of $28.80. The manufacturing costs are $8,404.700 variable and $1.308,907 fixed. Selling and administrative costs are $2,700,580 variable and $808,600 fixed. If the average sales price per sprinkler unit did not increase when the company began mass-producing the special-order sprinkler what would be the effect on the company? (Round ratio to 2 decimal places, eg. 5.25% and profit to 0 decimal places, eg 2.520)
Answers
If the average sales price per sprinkler unit did not increase, the company's profit would decrease by $2,400 due to the increase in variable costs.
If the average sales price per sprinkler unit did not increase, then the company would not benefit from the increase in sales volume. In this case, the only effect on the company would be the increase in variable costs for all sprinkler units by an average of $0.60 per unit.
To calculate the impact on the company's financials, we can start by calculating the current total variable costs per unit:
Current variable cost per unit = (Variable manufacturing costs + Variable selling and administrative costs) / Number of units sold
Current variable cost per unit = ($8,404,700 + $2,700,580) / 482,000
Current variable cost per unit = $22.67
With the proposed increase in variable costs of $0.60 per unit, the new variable cost per unit would be:
New variable cost per unit = Current variable cost per unit + Proposed increase in variable costs per unit
New variable cost per unit = $22.67 + $0.60
New variable cost per unit = $23.27
If the average sales price per unit remains at $28.80, the company's contribution margin per unit would be:
Contribution margin per unit = Selling price per unit - Variable cost per unit
Contribution margin per unit = $28.80 - $23.27
Contribution margin per unit = $5.53
The contribution margin ratio can be calculated as follows:
Contribution margin ratio = Contribution margin per unit / Selling price per unit
Contribution margin ratio = $5.53 / $28.80
Contribution margin ratio = 19.18%
Using the current sales volume of 482,000 units, the company's total contribution margin would be:
Current contribution margin = Contribution margin per unit x Number of units sold
Current contribution margin = $5.53 x 482,000
Current contribution margin = $2,664,460
With the proposed increase in variable costs, the company's total contribution margin would be:
New contribution margin = Contribution margin per unit x Number of units sold
New contribution margin = ($28.80 - $23.27) x 482,000
New contribution margin = $2,662,060
The difference between the current and new contribution margin is:
Contribution margin impact = New contribution margin - Current contribution margin
Contribution margin impact = $2,662,060 - $2,664,460
Contribution margin impact = -$2,400
This means that if the average sales price per sprinkler unit did not increase, the company's profit would decrease by $2,400 due to the increase in variable costs.
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pls refer to photo thank you!
Answers
When marketers _____, they take into account the fact that customers are different, customers change, competitors change and react, and organizational resources are limited.
i. create a firm's mission statement
ii. conduct a SWOT analysis
iii. enter into the strategic marketing process
iv. develop a competitive advantage
Answers
Answer:enter into the strategic marketing process
Explanation:
When marketers enters into the strategic marketing process they take into account the fact that customers and different customers change competitors change and react and organizational resources are limited.
What is the market?Market is a place where all the business and the commercial activities being take place for example a place where a person who go and buy and sell things is known as market. Market can be physical as well as virtual for example a stationery shop in the market is a physical market but buying stationery online from a website is a virtual market.
What are the Marketing strategies?
Forming marketing strategy is a process in which a business concentrate to find best opportunities and increase its sales with the limited resources available. There are many factors which are integral part of marketing strategies. Marketing strategies done by seven Ps
1- product
2-price
3-promotion
4-please
5- packaging
6-positioning and
6- people
What are diiferent type of customers?A customer is a person who purchase the product from the market. Customer can be of many types such as :- new customer, old customer ,potential customer ,discount customers, impulsive customer, loyal customer, need based customer.
Hence option III is the correct answer,
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The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answers
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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A variable cost is a cost that A) varies per unit at every level of activity. B) occurs at various times during the year. C) various in total in proportion to changes in the level of activity. D) may or may not be incurred, depending on management's discretion. Fixed normally will not include A) property taxes. B) direct labor. C) supervisory salaries. D) depreciation on buildings and equipment. Portman Company's activity for the first three months of 2016 are as follows: Using the high-low method, how much is the cost per machine hour? A) $2.00 B) $3.00 C) $2.26 D) $1.78 Hollis Industries produces flash drives for computers, which it sells for $20 each flash drive costs $13 of variable costs to make. During April, 1.000 drives were Fixed costs for March were $2 per unit for a total of $1,000 for the month How the contribution margin ratio? A) 25% B) 35% C) 65% D) 75%
Answers
1. A variable cost is a cost that C) varies in total in proportion to changes in the level of activity.
2. Fixed costs normally will not include B) direct labor.
3. Using the high-low method, the cost per machine hour for Portman Company is A) $2.00.
4. The contribution margin ratio for Hollis Industries is B) 35%.
What is the contribution margin?The contribution margin represents the difference between the unit sales price and the unit variable cost.
The contribution margin shows the profit level generated to cover fixed costs and earn net income.
The contribution margin ratio is a quotient of the contribution margin per unit and the sales unit price. The result is then multiplied by 100 to arrive at a percentage value.
Portman Company:January 1200 $3,900
February 1700 $4,900
March 2000 $5,500
High-Low Method:
2,000 $5,500
1,200 $3,900
800 $1,600
Cost per unit = $2.00 ($1,600/800)
Hollis Industries:Selling price per flash drive = $20
Variable cost per flash drive = $13
Contribution margin per unit = $7 ($20 - $13)
Contribution margin ratio = 35% ($7/$20 x 100)
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Question Completion for Portman Company:Portman Company:
January 1200 $3,900
February 1700 $4,900
March 2000 $5,500
WHAT ARE MANAGED SERVICE OPERATIONS?