Is this a statistically significant correlation? Provide a rationale for your answer. This represents a moderate negative relationship. It is statistically significant at the 1% level of significance as indicated in the table. (** p < 0.01) 3.
Factor number two is the company offering free shipping to orders over $100. Not only did this cause the company to lose the income that it brings in for shipping and add shipping costs to it’s expenses, it also added to marketing by $13,000 plus an additional $32,000 for magazine marketing when ‘Marketing and administration’ it was only budgeted at $90,000. The shift in the economy during this time frame affected the budgeted ‘labor’ expense due to the increase in pay for it’s hourly employees. All of these factors combined worked against the company to cause a negative in operating profit. Although AGM fell short in meeting it’s master budget for this quarter, these unexpected occurrences can help them to better budget for the future of agm.com.
Advertising is budgeted at a flat percentage of 2% of gross profit or $28,412 for year 9 and this has remained consistent for each of the previous 3 years. For a company that is looking to increase sales by 3.2% as stated above, the company needs to take a greater focus on advertising to generated increased sales. Executive compensation is another area of concern. The company sustained executive compensation from years 7 and 8 at the level that is also budgeted for year 9 and that amount is $220,000. The company saw great growth and sales in years 7 to justify this amount in year 8 however the company needs accountability from its executive leaders to sustain
Therefore, Buying New Equipment with fixed cost of $200,000 variable cost of $500 for every 1,000 sneaker is more cost-effective for the organization. B. The future periods of sales are displayed for periods 10-21 along with forecasted sales for each period. Within the Least-Squares
| | | | | Selected Answer: | $10,000 | | | | | * Question 7 2 out of 2 points | | | Examine the graph below. If the going rate for wind chimes at the flea market today is $20, then | | | | | Selected Answer: | you will have $30 in producer surplus. | | | | | * Question 8 0 out of 2 points | | | Using the data below, determine the amount of consumer surplus, if any, in the market. The market clearing price for a six-pack of vitamin water is $6. | Six-Pack Vitamin WaterWilling to Pay(WTP) | Shaq | $3 | Tony | $4 | Chris | $5 | Cobe | $6 | Arnel | $7 | Michelle | $8 | | | | | | Selected Answer: | $5 | | | | | * Question 9 0 out of 2 points | | | Examine the graph below.
1.0 points) ? Describe two types of insurance that you have or are likely to have at some point in your life. What risks are these insurance plans protecting you against? Why do you think these types of insurance are important? (4-8 sentences.
$30 $3 $60 $6 Question 11 Which of the following is a property of an isoquant? It is concave to the origin. Its slope is given by the ratio of the marginal products, for example, (marginal product of capital) ÷ (marginal product of labor), where capital and labor are measured on the Y and X-axes respectively. It gives the lowest-cost way of producing a certain level of
$30 $3 $60 $6 Question 11 Which of the following is a property of an isoquant? It is concave to the origin. Its slope is given by the ratio of the marginal products, for example, (marginal product of capital) ÷ (marginal product of labor), where capital and labor are measured on the Y and X-axes respectively. It gives the lowest-cost way of producing a certain level of
Chapter 3, Exercise 1: The assumptions are based on the determinants of supply due to the demand of gasoline being indefinite until a substitute or another factor changes the product and/or market. While researching the metropolitan area of Houston, Texas and the fluctuations in gasoline prices; the findings were a surprisingly slow, steady, constant downward slope for the last month. The factors believed to contribute to the findings were: cost of resources, number of sellers and expectations. When thinking of the rising prices of gas, people simply associate it with the famous crude oil per barrel prices exposed in the media. The price for the barrels averaged at a high of $105 in the first week of May and the price of a gallon in Houston was at a decreasing $3.74 from $3.89 about three weeks ago.
The major quality that Wal-Mart possesses is its ability to adapt and change according to the needs of its customers while striving to keep prices of goods and services low. With annual sales of about $300 billion, around 68% of the sales come from Wal-Mart Stores, 19% from its international operations, and 13% from its Sam’s Club. Wal-Mart’s annual profits are about $10 billion and they have a market value of over $250 with assets worth over $105 billion (Mujtaba & Maxwell, 2011). This success has hurt many competitors in the process but their success is an example that many manufacturers and businesses should use as a case study to perfect their own inventorial