8-The profit-leverage effect of purchasing savings means that.. a- a reduction in money tied up in inventory improves profits b-a reduction in purchase spend increases profits more than an equal sales increase c-effective price negotiation with a supplier will reduce a supplier's profit d-the buyer gains leverage over suppliers as purchases are standardized

8-The profit-leverage effect of purchasing savings means that.. a- a reduction in money tied up in inventory improves profits b-a reduction in purchase spend increases profits more than an equal sales increase c-effective price negotiation with a supplier will reduce a supplier's profit d-the buyer gains leverage over suppliers as purchases are standardized

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A clothing merchant purchases a shipment of clothes for $38,000.00 with discounts of 11% and 5%. He sells it to a customer at a price which includes 22% profit on selling price and overhead expenses of 23% on selling price. a. How much did it cost him to purchase the container of clothes? b. What was the selling price of the container of clothes? c. Calculate the break-even selling price.
Question: How does the average hourly manufacturing salary in Australia affect cost efficiency? How does the average hourly manufacturing salary in Asia and nearby countries impact Ford’s decisions to halt production? Elaborate and explain. need help
Principles Of Sales Dashboard / My courses / BAMK2100 / Quizzes Semester-3, 2020-21 / QUIZ-1 section 1 Sem-3 2020-21 Question 2 Which one of the following is the Primary Point of Customer Contact? Not yet answered Select one: Marked out of sales 0.50 P Flag question O b. supplier О с. profit O d. distributor Next Previous page Principles of Sales..doc
2. The relationship between price and demand per month for a consumer product is p = 3500 -1.1D5 where p is the price per unit in dollars and D is the demand in units. The fixed cost is $300 per month and the variable cost is $4.00 per unit. What is the optimal number of units that should be produced and sold per month? a. b. What is the maximum profit per month?
2. A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is 2,700 5,000 p = $38 + D for D >1 D2 where p is the price per unit in dollars and D is the demand per month. The company is seeking to maximize its profit. The fixed cost is $1,000 per month and the variable cost (c,) is $40 per unit. a. What is the number of units that should be produced and sold each month to maximize profit? b. Show that your answer to Part (a) maximizes profit.
Graw Quantity Demanded Per Quantity Supplied Per Price Per Unit Year Year $ 5 2,000 10 1,800 300 15 1,600 600 20 1,400 900 eBook 25 1,200 1,200 30 1,000 1,500 Refer to the above table. A shortage of 500 units will occur when the price is Multiple Choice $20. $10. $25 $5. S15 Mc 9 Type here to search 00
B Product Product A Product B Product C Product D Widget 1 Widget 2 Widget 3 Gadget X Gadget Y Gadget Z 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Required: 17 Calculate the following statistics for both Advertising Expenses and Sales: 18 Advertising Expense Sales Advertising Expense $36,900 $38,000 $33,000 $25,900 $26,000 $42,987 $39,008 $42,009 $19,067 $61,002 C $19,067 $61,002 $135,568,977 $8,268 $36,387 $37,450 $41,935 $27,750 $41,259 Sales $83,025 $85,500 $74,250 $90,650 $91,000 $150,455 $70,214 $75,616 $34,321 $244,008 $34,321 $244,008 $3,378,809,900 19 Minimum 20 Maximum 21 Variance 22 Standard Deviation 23 Mean 24 Median 25 Range 26 1st Quartile 27 3rd Quartile 28 88th Percentile 29 Inner Quartile Range 30 31 What is the correlation between the amount spent on advertising and the sales of a product? 32 33 Correlation 34 35 This number indicates a 36 $58,128 $99,904 $84,263 $209,687 $74,592 $90,913 O relationship between the two variables
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Since most consumers spend very little on salt, a small increase in the price of salt will:A. reduce quantity demanded by a large amountB. not reduce quantity demanded by very muchC. not change quantity demandedD. increase quantity demanded by a small amount 2.Fred is considering opening a ski shop in Colorado. Assume Fred will incur the following costs: building rent= $100000/year, inventory= $250000/ year, energy=$50000/year, and labor (one clerk) = $10000/year. In addition, Fred’s current income as a computer programmer is $40000 per year. Assuming Fred would earn $ 460000 in revenues, he could expect to earn:A. an accounting profit of $10000 per yearB. an accounting profit of $ 60000 per yearC. an economic profit of $ 10000 per yearD. an economic profit of $50000 per year 3.Suppose a firm employs only capital and labour (K and L) and its production function is Q = 2KL. If the quantities of labour and capital are fixed at K =10 and L = 25, then:A. total output cannot exceed 125B.…
Given Question #1 Cost function C= 3000+6Q Q = 4400 - 200Q Q= 1600 P = 14 Profit= 22400-12600 = 9800 Question #2 Q=$480 - Laredo Q=$1120 - SA Question #3 Ed=−1.25 - Laredo Ed=−0.55 - SA 0.5<0.8− markup index it is charging less. - Laredo 0.64<-1/-0.55--markup index it is charging less. - SA Please answer question number #4 (A-C) For Laredo only
8. Generally, as demand for products increase, so the for transport facilities will ....... increase. (a) Demand (b) Desire (c) Supply (d) Transfer 9. The purpose of distribution is to ensure among other things that a customer receives an order at the right place, in the correct quantity, and: (a) At the right price (b) At the right time (c) In the best condition (d) All of the above 10. A good that must be somewhere on or before a certain specific time is described as: (a) Form-sensitive good (b) Perishable good (c) Place-sensitive good (d) Time-sensitive good 11. An effective distribution system in a nation delivers all of the following except: (a) Enhances profitability of firms (b) Reduces the cost of production (c) Increases the responsiveness of firms (d) Increases the frequency of movement along the supply chain 12. At higher prices, a lower number or amount of transport services will be demanded or purchased than at lower prices. Ceteris paribus: This is often referred to as:…
Given Question #1 Cost function C= 3000+6Q Q = 4400 - 200Q Q= 1600 P = 14 Profit= 22400-12600 = 9800 Question #2 Q=$480 - Laredo Q=$1120 - SA Question #3 Ed=−1.25 - Laredo Ed=−0.55 - SA 0.5<0.8− markup index it is charging less. - Laredo 0.64<-1/-0.55--markup index it is charging less. - SA Please answer question number #4 A-C