Company A decided to lower the price of product qwerty to $5.00. This change resulted in 250 product qwerty being purchased the next week resulting in a revenue increase of $250.00. Demand more than doubled as price went down. This dramatic change tells us the demand is elastic. If in this example less than 200 units would have been purchased the revenue would have been less than the revenue before the price change signifying that while demand increased when price went down, it did not increase enough to take the demand category out of inelastic demand.
2. Assuming retail price is still the same, customer would pay $1,200 plus usage costs of 60*$161.25 = $9,675 amounting to a total of $10,875 spent over each motors lifetime Design a higher torque 5HP motor: 1. Research and development of this motor would be time consuming (5mos) and costly ($75,000 investment in engineering and testing). DMC currently has a high margin 5HP motor, costs are only 50% of resale price. This new specific purpose design with higher torque will also cost much more to manufacture, approx $665 per motor.
Most of the large competitors' products had a 30-day shelf life, requiring them to build multiple production plants to reduce shipping time to their distributors.” Promotional expenses would be lower, since the 32-oz size was promoted only twice a year. An expansion as well would result in significantly lower marketing
This process wastes hours with associated increase for errors. Through the implementation of the NetSuite with the ability to Data mine information, Kudler will be able to accurately display up-to-date accounting reports instantly. Additionally, by beginning the implementation with the parent facility, and then branch out to the other locations in a uniformed method, Kudler and NetSuite can work together to bring forth insightful analysis in real-time. NetSuite is scalable for faster growth, streamlined operations securing future improvement. With all these features, NetSuite can be custom fit to the exact needs of any Kudler store, and will grow with the company as it
$7.25 an hour for full time equates to $15,000 per year which is more than $4,000 over poverty for a single person. Families of four in which both workers earn the minimum wage earn $30,000 for full time which is $6,000 over poverty. Another concern about raising the minimum wage is how it will affect the consumers. How much will a retail store or a fast food restaurant charge? How much will that hotel room be?
Middle income Americans (those making between 133% - 400% of the federal poverty level), and employees will be able to use tax credits and out-of-pocket subsidies on the exchanges to save up to 60% of the current cost of premiums making insurance affordable for up to 23 million Americans. Affordable insurance is defined as costing less than 8% of your annual income. Tax credits cap cost at 9.5% for sliver plan for those making between 300 - 400% FPL. One of the cons of ObamaCare is that since many Americans work for larger employers, some employees may have the new costs involved with insuring their workforce passed onto them. Other workers will see a decrease in quality of plans offered by employers, to avoid the employer paying a excise tax on high-end health insurance plans.
After the 30% distribution commission for new products and physical distribution cost of $10-$15 per unit, the revenue per unit comes down to $41-$60. In order to even the fixed production costs of $15 million per year, Biopure need to sell as much as 366,000 units. But the annual capacity of the current facility is only 300,000 units for Oxyglobin. Not counting in other major costs like labor costs and marketing activities, it is impossible to break even. So by launching and producing Oxyglobin, the company will suffer substantial loses in their financial reports, which isn’t good for their IPO at all.
According to the American Medical Association, the yearly salary for the average dermatologist totals about $221,000, only to subsidize the lied back 46-hour weeks. This lifestyle doesn’t only pay such a ponderous amount but it is substantially less time consuming than any internal medicine job out there. The general surgeon averages $238,000 a year, but almost works themselves to death with a killer 60-hour week, leaving them almost no time for a life outside of work. Internal medicine jobs have some of the highest paying professions in the medical field, but for a lot of these jobs, the adverse hours and the off the clock emergencies just don’t seem to excite students like they used to. Lee Ann Michelson, the director of premedical and health care advising at Harvard University says that children of many physicians are “…concerned they will be as absent in the lives of their children, as their parents were.” (pg.
In July 2 possible replacements were found who are thought to have the necessary skills. Chic Paints Ltd turnover is currently £120 million having steadily reduced from £200 million over the 6 years but profit margins are around 30% having risen in the same timeframe from 12%. Net assets are over £25 million and the company employs 350 staff. Who are the businesses major stakeholders (internal and external) and why? Stakeholders of the business would include internal and external parties who have an interest in the business.
In July 2 possible replacements were found who are thought to have the necessary skills. Chic Paints Ltd turnover is currently £120 million having steadily reduced from £200 million over the 6 years but profit margins are around 30% having risen in the same timeframe from 12%. Net assets are over £25 million and the company employs 350 staff. Who are the businesses major stakeholders (internal and external) and why? Stakeholders of the business would include internal and external parties who have an interest in the business.