King City Specialty Bikes (KCSB) produces high-end bicycles. Costs to manufacture and market the bicycles at last year's volume level of 2,050 bicycles per month are shown in the following table:
Variable manufacturing per unit | $233.00 |
Total fixed manufacturing | $219,350 |
Variable nonmanufacturing per unit | $63.00 |
Total fixed nonmanufacturing | $289,050 |
KCSB expects to produce and sell 2,400 bicycles per month in the coming year. The bicycles sell for $610 each.
KCSB receives a proposal from an outside contractor who, for $160 per bicycle, will assemble 750 bicycles per month and ship them directly to KCSB's customers as orders are received from KCSB's sales force. KCSB would provide the materials for each bicycle, but the outside contractor would assemble, box, and ship the bicycles. The variable manufacturing costs would be reduced by 35% for the 750 bicycles assembled by the outside contractor, and variable nonmanufacturing costs for the 750 bicycles would be cut by 60%.
KCSB's marketing manager thinks that it could sell 85 specialty racing bicycles per month for $5,500 each, and its production manager thinks that it could use the idle resources to produce each of these bicycles for variable manufacturing costs of $4,400 per bicycle and variable nonmanufacturing costs of $300 per bicycle.
If KCSB accepts the proposal, it would be able to save $10,968 of fixed manufacturing costs; fixed nonmanufacturing costs would be unchanged.
REQUIRED [Note: Round unit cost computations to the nearest cent]
What is the difference in KCSB's monthly costs between accepting the proposal and rejecting the proposal? (Note: If the costs of accepting the proposal are less than the costs of rejecting it, enter the difference as a positive number; if the accept costs are more than the reject costs, enter the difference as a negative number.)
In: Accounting
In: Economics
Please answer these question
Question 21
Which of the following is equivalent to ATC?
Group of answer choices
FC + VC.
FC + MC.
Change in total cost divided by change in output.
(FC + VC) ÷ Q.
Question 22
In the short run, average costs may rise as a firm increases the rate of production because:
Group of answer choices
Inflation causes the prices of resources to increase.
The supply curve for the product shifts.
Some inputs, such as plant and equipment, cannot be changed.
All of the above.
Question 23
The marginal cost curve intersects the minimum of the curve representing:
Group of answer choices
TC.
ATC.
AFC.
All of the above.
Question 24
If the marginal cost curve is rising, then which of the following must be true?
Group of answer choices
The average total cost curve must be rising.
The average total cost curve must be below the marginal cost curve.
The average total cost curve must be above the marginal cost curve.
Total costs must be rising.
Question 25
Explicit costs:
Group of answer choices
Include only payments to labor.
Are the sum of actual monetary payments made for resources used to produce a good.
Include the market value of all resources used to produce a good.
Are the total value of resources used to produce a good but for which no monetary payment is actually made.
In: Economics
Read Jon Gartner - Rise and fall of GDP (2010). There are free pdf online and answer the questions
1.Is HDI a good measure of national well-being? Explain why yes/no.
2. If you were to improve GDP and HDI as concepts/measures, how would you modify/revise these indicators?
In: Economics
St. Johns River Shipyards' welding machine is 15 years old, fully depreciated, and has no salvage value. However, even though it is old, it is still functional as originally designed and can be used for quite a while longer. The new welder will cost $80,000 and have an estimated life of 8 years with no salvage value. The new welder will be much more efficient, however, and this enhanced efficiency will increase earnings before depreciation from $29,000 to $58,000 per year. The new machine will be depreciated over its 5-year MACRS recovery period, so the applicable depreciation rates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. The applicable corporate tax rate is 40%, and the project cost of capital is 10%. Should the old welder be replaced by the new one?
What is the NPV of the project? Do not round intermediate calculations. Round your answer to the nearest cent.
In: Finance
Chapter 5 identifies 5 different perspectives to explain anxiety.
Part 1: Summarize the Humanistic Perspective in at least 6-8 sentences.
Part 2: Based on the perspective you summarized above, what type of treatment would be the most beneficial in treating anxiety? Support you answer and cite your sources.
In: Psychology
state lottery payout provides 1.4 million to be paid
in 25 installments of 56,000 per payment. the first 56,000 payment
is immediate and the remaining 24 payments of 56,000 each will
occur at the end of the next 24 years. if 7% is the discount rate,
what is the present value of this stream of cash flows?
if 14% is the discount rate, what is the present value of the cash
flow?
a. if 7% is the discount rate, the present value of the annuity due is $__. (round to the nearest cent)
In: Finance
Required: Prepare closing journal entries. given the following adjusted ledger balance:
Cash 100,000
Accounts Rec. 300,000
Pre-paid expenses 50,000
Land 100,000
Equip. 400,000
Accum. Depr. 175,000
Accts. Pay. 150,000
Notes Pay. 50,000
STAR Capital 100,000
STAR Drawing 25,000
Income Summary 0
Sales 805,000
Wage Exp. 200,000
Maint Exp. 75,000
Insr.Exp 10,000
Depr. Exp. 20,000
In: Accounting
In: Economics
The source code I have is what i'm trying to fix for the assignment at the bottom.
Source Code:
#include <iostream>
#include <cstdlib>
#include <ctime>
#include <iomanip>
using namespace std;
const int NUM_ROWS = 10;
const int NUM_COLS = 10;
// Setting values in a 10 by 10 array of random integers (1 -
100)
// Pre: twoDArray has been declared with row and column size of
NUM_COLS
// Must have constant integer NUM_COLS declared
// rowSize must be less than or equal to NUM_COLS
// Post: All twoDArray values set to integers 1 - 100
void InitArray(/* OUT */ int twoDArray[][NUM_COLS], /* IN */ int
rowSize);
// Display the array
// Pre: twoDArray contains integers with row and column size of
NUM_COLS
// Must have constant integer NUM_COLS declared
// rowSize must be less than or equal to NUM_COLS
// Post: Display all values in array in pretty format
void PrintArray(/* IN */ const int twoDArray[][NUM_COLS], /* IN */
int rowSize);
// Accepts an integer as a parameter and returns its first
location in the array
// Pre: twoDArray contains integers with row and column size of
NUM_COLS
// Must have constant integer NUM_COLS declared
// rowSize must be less than or equal to NUM_COLS
// numGuessed contains valid integer
// Post: Return true if numGuessed is in array as well as set
rowLoc and colLoc coordinates
// Return false if numGuessed not found and set rowLoc and colLoc
to -1
bool FindNumber(/* IN */ const int twoDArray[][NUM_COLS], /* IN */
int rowSize,
/* IN */ int numGuessed, /* OUT */ int &rowLoc, /* OUT */ int
&colLoc);
//Setting values in a 10 by 10 array of random integers (1 -
100)
// Pre: twoDArray has been declared with row and column size of
NUM_COLS
// Must have constant integer NUM_COLS declared
// rowSize must be less than or equal to NUM_COLS
// Post: All twoDArray values set to integers 1 - 100
void InitArray(/* OUT */ int twoDArray[][NUM_COLS], /* IN */ int
rowSize)
{
cout << "init\n";
// Loop through each row
for (int row = 0; row < rowSize; row++)
{
// Loop through each column
for (int col = 0; col < rowSize; col++)
{
// printing values from array
twoDArray[row][col] = rand() % 100 + 1;
cout << twoDArray[row][col] << ' ';
}
cout<<endl;
}
}
void PrintArray(/* OUT */ const int twoDArray[][NUM_COLS], /* IN
*/ int rowSize)
{
cout << "print\n";
// Loop through each row
for (int row = 0; row < rowSize; row++)
{
// Loop through each column
for (int col = 0; col < rowSize; col++)
{
// Printing values from array
cout << setw(4) << twoDArray[row][col] << '
';
}
cout << endl;
}
}
// Accepts an integer as a parameter and returns its first
location in the array
// Pre: twoDArray contains integers with row and column size of
NUM_COLS
// Must have constant integer NUM_COLS declared
// rowSize must be less than or equal to NUM_COLS
// numGuessed contains valid integer
// Post: Return true if numGuessed is in array as well as set
rowLoc and colLoc coordinates
// Return false if numGuessed not found and set rowLoc and colLoc
to -1
bool FindNumber(/* IN */ const int twoDArray[][NUM_COLS], /* IN */
int rowSize,
/* IN */ int numGuessed, /* OUT */ int &rowLoc, /* OUT */ int
&colLoc)
{
// Loop to iterate over rows
for(int i=0;i<rowSize;i++)
{
// Loop to iterate over rows
for(int j=0;j<rowSize;j++)
{
// If element at row i and column j is equal to numGuessed
if(twoDArray[i][j]==numGuessed)
{
// Assigning the row and column values of the numGuessed to rowLoc
and colLoc
rowLoc = i;
colLoc = j;
// Returning true
return true;
}
}
}
// If the whole array is traversed and numGuessed is not found,
false is returned
return false;
}
int main()
{
// Defining an 2D Array of size NUM_ROWS x NUM_COLS
int twoDArray[NUM_ROWS][NUM_COLS];
// Initialising the array
InitArray(twoDArray, NUM_ROWS);
// This variable is used to keep track of whether the number is
found or not
bool found;
// Start of do while loop
do
{
// Defining the variable to store the number entered by the
user
int guessNum;
// Prompting the user to enter the guessed number
cout << "Guess a number:";
// Reading the number
cin >> guessNum;
// Creating two variables to store the row and column indexes of
guessNum in twoDArray
int rolLoc = -1;
int colLoc = -1;
// Calling the function FindNumber and storing the result in the
variable found
found = FindNumber(twoDArray, NUM_COLS, guessNum, rolLoc,
colLoc);
// If guessNum is found in twoDarray
if(found)
{
// Print the row and column indexes
cout <<rolLoc << " " << colLoc <<
endl;
}
// Else
else
{
// Print a message to user stating that the guessNum is not found
in the twoDArray
cout << guessNum << " is not one of the numbers!"
<< endl;
}
// End of do while loop
} while(!found);
// Printing the array
PrintArray(twoDArray, NUM_COLS);
return 0;
}
Assignment details:
Pick a number between 1 and 100: 75 Number not found! Pick a number between 1 and 100: 45 Guess location (x y): 5 5 x is correct! and y too high! Guess location (x y): 5 4 x is correct! and y too high! Guess location (x y): 5 3 x is correct! and y too high! Guess location (x y): 5 2 x is correct! and y too high! Guess location (x y): 5 1 Found!
Submit: Documented source code in a zip file
In: Computer Science
Complete the questions below. Submit only an Excel spreadsheet with your name, one tab for each question, and your Excel Solver solution; ensure that you clearly identify each answer.
A local pastry shop is planning their next morning’s production. The shop has three main items that they sell: cakes, cupcakes, and cannolis. All of these are made in-house with the shop’s own ingredients. The recipes for these items are as follows:
Cakes: 5 eggs, 2 cups flower, 15 g of sugar, 1 cup of milk
Cupcakes: 2 egg, 0.5 cups of flower, 10 g of sugar, 0.25 cup of milk
Cannoli: 4 eggs, no flower, 25 g of sugar, 0.25 cup of milk
The pastry shop sells cakes for $8, cupcakes for $3, and cannolis for $6. At the moment, there are 150 eggs, 50 cups of flower, 5 kg of sugar, and 4 gallons of milk available.
1. How much of each item should the pastry shop make in order to maximize their potential profit? What is their maximum potential profit?
2. Suppose the shop had to make at least 5 of each item in order
to keep a sufficient variety ready? What would be the new optimal
combination? What is their maximum
potential profit now?
3. Now suppose that tomorrow they are receiving an order of 100 eggs, 35 cups of flour, 3 kg of sugar, and 2 gallons of milk. What production plan maximizes your potential profit for the next two days? What is this maximum potential profit? Remember that they must still make at least 5 of each item every day.
In: Finance
Suppose that, in an economy, every shop allows
electronic payment by making more point of sales (POS) terminals
available. What are the effects of this facility on the demand for
money and on the
price level?
In: Economics
In: Economics
A university would like to examine the linear relationship between a faculty member's performance rating (measured on a scale of 1-20) and his or her annual salary increase. The table to the right shows these data for eight randomly selected faculty members. Complete parts a and b. Rating Increase 16 2300 18 2400 12 1800 12 1600 16 2000 14 2700 18 1900 17 1800
In: Math
Write about Rich people vs Poor people in an Evil world of unjustice and 25 Sobering Statistics On Global Poverty That Might Upset You.
answer must be 300 words or more.
In: Operations Management