...Chapter 2. (6) A firm is evaluating the alternative of manufacturing a part that is currently being outsourced from a supplier. The relevant information is provided below: For in-house manufacturing Annual fixed cost = $45,000 Variable cost per part = $140 For purchasing from supplier (outsourced) Purchase price per part = $160 Using this information, determine the break-even quantity for which the firm would be indifferent between manufacturing the part in-house or outsourcing it. Using Equation 2.1 we compute Q* = ______FC_______ = $45,000 = 2,250 parts VC2 - VC1 $160 - $140 If demand is greater than 2,250 produce in-house (make) If demand is less than or equal to 2,250 outsource (7) (a) If demand is forecast to be 2,500 parts, should they make the part in-house or purchase from a supplier? Whenever the anticipated demand (volume) is greater than Q*, the firm should produce the part in-house. If demand is less than 2,250 then purchase from a supplier (outsource). In this case the part should be made in-house. b) The marketing department forecasts that the upcoming year’s demand will be 2,500 units. A new supplier offers to make the parts for $150 each. Should the company accept the offer? Q* = ______FC_______ = $45,000 = 4,500 parts VC2 - VC1 $150...
Words: 903 - Pages: 4
... |Decisions are best when the decision maker focuses on average benefits and average costs. | |T |4. |Markets are where sellers and buyers interact in an effort to make themselves better off. | |F |5. |Supply is the quantity of a product produced within a specific time period. | |F |6. |Opportunity cost is what we pay for a good minus any coupons or rebates. | |F |7. |A comparative advantage is held by a producer who has the lowest monetary costs to produce a good. | |T |8. |The marginal benefit curve of consuming your favorite good eventually declines as consumption increases. | |T |9. |Increases in income tend to increase our consumption of many but not all goods. | |T |10. |The reduction in the price of automobiles would be expected to increase the number of automobiles purchased. | |T |11. |Demand is a schedule of quantities that consumers will choose at various prices. | |F |12. |Consumers have no impact on the prices they...
Words: 1540 - Pages: 7
...The theme of this edition is hard to grasp. Fill in the word ‘trust’ in a search engine and different definitions keep popping up. Lots of academics have tried to come up with businesslike definitions, but it turns out to be very hard. Trust is a very personal and vulnerable concept, which takes a very important place in peoples’ lives. As of a very young age, trust is very important in everybody’s personal life. Later on, it starts to hit your professional life as well. Can you trust your colleagues or your suppliers? Once trust is broken, it is very hard to repair it. When everything is going as it supposed to go, there is no problem, but people will always fall back on previous trust issues, once something goes wrong. I therefore think the following quote from Friedrich Nietzsche is very striking: “I am not upset that you lied to me, I am upset that from now on I cannot believe you”. Next to issues which are the result of trust violence, there is the problem of gaining trust in the first place. There is always a certain degree of insecurity involved. Who is supposed to take the first step is the key difficulty. In any transaction the question arises, whether the delivery or the payment should take place first. It is in the nature of people to want to have a guarantee, which is often not possible. A large part of success is determined by a trustworthy treatment and you need to be able to rely on the people you do business with for the full hundred percent; especially when...
Words: 548 - Pages: 3
...2/18/2014 NEWS CJ INTERIM BUDGET 2014 388 IIM Bangalore students get placed with high salaries within 4 days LATEST SOUTH ELECTIONS INDIA Karnataka SOUTH Kerala MOVIES SPORTS Video CRICKETNEXT FOOTBALL TECH BUZZ MORE Andhra Pradesh Tamil Nadu Show: Southern Stars Bihar Special status for Bihar: JD(U) plans dharna in Parliament today IBNLIVE » SOUTH » KARNATAKA 388 IIM Bangalore students get placed with high salaries within 4 days Deepa Balakrishnan, CNN-IBN Feb 18, 2014 at 09:17am IST Follow #indian institute of management bangalore #iim bangalore #iimb #placements #employment #management student Latest All | Filter SPORTS Americans Querrey, Sock lose at Delray Beach 5 minutes ago POLITICS Live: Lok Sabha, Rajya Sabha adjourned over Telangana 6 minutes ago INDIA Veer: Differently-abled Deepa Malik a record breaking swimmer 21 minutes ago POLITICS SC commutes death penalty of Rajiv Gandhi killers to life imprisonment 22 minutes ago TECH Bharti Airtel agrees to acquire smaller rival Loop Mobile 31 PREVIOUS Education sector gets about 9 per cent hike POLITICS minutes ago Bangalore: Amidst all the economic gloom, there is some news one can be merry We support Telangana, but Tw eet 2 0 Seemandhra concerns must about as recruitments seem to be picking up. The Indian Institute of Management Like 2 be met: BJP 37 minutes ago Bangalore is leading the way with all its students getting placed with...
Words: 1216 - Pages: 5
...detailed analysis of the environmental impact of a proposed federal action follows the environmental assessment (EA) as part of the NEPA process. These are many different grounds in which a plaintiff can challenge the adequacy of an agency’s EIS. One of the most common is “improper development of the project, including the lack of authority, inaccurate description, deceptive segmentation of the project, and lack of the planning process that incorporates environmental goals.” http://www.dtic.mil/dtic/tr/fulltext/u2/a325367.pdf Other common examples are inadequate discussion of alternatives, inadequate discussion of environmental impacts, inadequate efforts to develop. Legal challenges are unlikely to succeed if the agency has prepared an EIS in good faith but the above examples demonstrate moments when an EIS may be successfully challenged. 3. Technology based effluent standards include the following: Best Practicable...
Words: 834 - Pages: 4
...Ethics and Social Responsibility Robert Blad MGT/498 May 8th, 2014 Instructor Dial Ethics and Social Responsibility There are vast amounts of companies that have been accused of doing something that is deemed unethical or not follow a certain social responsibility. However, as people can we really expect a fortune 500 company to maintain itself with so many rules, regulations, and changing variables? The answer is yes; if they are willing to follow a strict strategic management scope that allows them to stand their ground and build a foundation that others are able to honor at the same time. Throughout, we will talk about ethics and social responsibility and how it ties to strategic management. The Strategic Plan A strategic plan is the formulation, plan, and implementation of something that is a foundation for most companies. Having a plan is ideal but being strategic in understanding what is available to you as a company and having that pin pointed acceptance of knowing which way your company is heading and how you are able to achieve these results. Ethics are the foundation of many things are tied together through what a company should be doing to ensure they have public trust, responsibility for their actions, along with being readily available to answer any and all questions that arise. Considering that it seems difficult for many companies to maintain an ethical way of doing things because of the large demand for certain products is the balance for most...
Words: 806 - Pages: 4
...Short Story Rough Draft The boys are standing outside the ship, when I arrive. There‘s Jack and Kyle and Justin, my flatmate. Jack spots me as I saunter down the street, towards them. "Look who it is", he says. "It’s the stranger". "Alright lads", I say, weaving through the crowd of massed drinkers on the pavement. "Have a good holiday?". What do you think?”. “Just what we expected”, laughs Jack. “I‘ll see you in a moment“. I walk into the pub and wait at the bar. It’s quite empty in here. There are posters for a band on the wall, who go by the name of The Tonics, a four piece in sharp suits with floppy haircuts, who I decide might be worth checking out later. In a few moments, I’m served, with an ice cold pint of Peroni, and am heading back out onto the street. RINGING IN MY EARS is the unmistakable sound of Hammond organ, which sends a shiver down my back and a buzz into my heart and tells me that the magic carpet ride has just begun. Jack turns, as I rejoin them. “Good time in Ibiza, was it?”, he asks. “Marvellous“. “It’s alright for some”, he says. “Jetting off somewhere hot. Well, you’re looking well on it, I have to say”. “Nice of you to say so”. “Bring me back a tan like that next time you go”. “I’ll see what I can do”. We laugh. It's warm tonight. For England. I stand and sip my lager and survey the scene. Girls are standing, alone and in groups, boys are leaning against the wall, gangs are hanging round, looking for something to take their attention...
Words: 7470 - Pages: 30
...Coach tries to pump everyone up for the big race tomorrow but all you can hear are the sniffles coming from all the the runners. Everyone shivers as a cool, fall breeze passes through the group. As coaches speech drags to an end we all thank him, and get our stuff to leave. Everyone jokes around per usual, though there is a dense fog of stress hanging in the air. Tomorrow is the biggest cross country race of the season. If the team does good then they get to stay running for another week and go to regionals, but if they have a bad race their season will end right there without states. As Sarah returns home from practice with her older brother Adam, she remembers her last race. She remembers how little water she drank and how much it affected...
Words: 1859 - Pages: 8
...Rennalls is a talented engineer, on the other hand he has a conflict with expatriates. • On the one hand Rennalls can influence the policy of the Co by his father, but on the other hand he is not the only candidate. • On the one hand Baker wants Rennalls to work for the Co, but on the other hand the Co can’t risk his image. 2. Options 1) Hive apologizes to Rennalls and invite him back to the company. Advantages: • Rennalls is a professional worker. He can influence the policy of the Co on the islands. Disadvantages: • His racial conflicts with the stuff. • Rennalls is sometimes rude with staff and that causes negative emotions in the collective. 2) To find out another candidate for Rennalls place. Advantages: • Taking a Barracanian substitute for the place. It may solve the problem of Rennall’s stuff rudeness. Disadvantages: •...
Words: 472 - Pages: 2
...tell you. Moving to a new country can be fun and exciting adventure but it takes a lot of work and planning. Before you go and experience the new culture make sure you do research on the country. Another is to make sure you have the right paper work and documentation. The last step is to make sure you pack up essentials. It sounds like a lot and hard work but in the end it is all worth it. Doing research about the country you will live in is very important because you will be informed about the cultures and customs of the country. Also researching what cities are safe to live in and what cities are dangerous is good way of keeping yourself safe and out of trouble. Make sure to research living situations is it mostly apartment/condo living or is it houses? Knowing that information is good for when you are packing because you will know how much space you will have. A good way of research is finding a group on a social media website and asking them questions about the country and living situations. This step will be the most important step out of all three. Having the right paperwork and documentation is very important or you can get in serious trouble and or road blocks along the way. Making sure you know what you need is important. For example if you do not already have a passport make sure you apply for one right away because it can take a while to receive it. Next if you plan on working you must apply for a work visa in order to be able to get a job and work legally. Make...
Words: 629 - Pages: 3
...20 September 2011 Topic Proposal The topic that I am using from the Affluenza book is Stuff Wars at the Airport on page 35. The angle that I am approaching this topic is from an airport employee stance. I worked at an international airport in several different capacities and think it provides a unique perspective. My guiding questions will be the basic such as: * What is the topic? * Why has this topic been chosen? * What is the focus of the topic? * How is the perspective and understanding conveyed to the reader? The concerns for this topic are the type of information that can be found other than personal experiences but believe that resources can be found in several areas on the internet, online databases, and library. Deciding on how specific is another concern, but believe that staying within the confines of the stuff wars specifically at the airport will keep the topic within the boundaries of the project. It is difficult to determine the time frame it will take to research the topic. It will take approximately two weeks to come up with an appropriate thesis and outline for the project. It could take two weeks to focus the topic on specific questions to ask but as soon as that is complete, it is easy to make a list of factual and interpretive questions for the reader to understand the research. After all has been completed, the research has a good foundation and is ready to start. To complete the essay will take one week to compile, rewrite, and finish...
Words: 474 - Pages: 2
...Punjab, Recognized by HEC) Assessment Disclosure Assignment One • Dead line for the submission of first assignment as on Friday 20th April 2012 at 4:00pm sharp. All the stuff can be submit at my office F10 in to my absence Mr. Anjum or Mr. Haroon (office staff). • All the material must be hand written. • The given task helps you to acquire excellent grades into quizzes, mid and final as well. 100% Guarantee! • The following list of question require to accomplish the first task from course pack of financial accounting l; 1. Theoretical question:- 1, 3, 5, 6, 8, 9, 10, 11, 12, 13, 14 (pg. 23-24) 2. Problems:- 1, 2, 3, 4, 5 (pg. 27-28) 3. Illustrations:- 3.1, 3.2 (pg. 31, 34) 4. Objective:- 1, 2, 3, 4, 5, 6, 7, 8 (pg. 36-38) 5. Illustration: 2, 3 4 (pg. 24-25) 6. Problems:- 1, 2, 3, 4, 5 (pg. 26-28) 7. Comprehensive Illustration:- 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 (pg. 42-47 Note:- Apparently, the course pack brings it up from different authors practice material therefore please, patiently looks at your course material to find all the above relevant pages numbers accordingly and also particular practice material. Assignment Two • Dead line for the submission of second assignment as on Friday 2nd May 2012 at 4:00pm sharp. All the stuff can be submit at my office F10 in to my absence Mr. Anjum or Mr. Haroon (office staff). • All the material must be hand written. • The given task helps you to acquire excellent...
Words: 409 - Pages: 2
...Cost of Goods Sold Theresa Gillette XACC/290 - PRINCIPLES OF ACCOUNTING I November 9, 2014 Instructor: RASHAD ABDULLAH Cost of Goods Sold As an example of how it would be done I have added a diagram showing how you would process the cost of the goods sold. First you need to have the cost of the beginning inventory then you have to add the amount of the purchases and subtract the ending amount of the inventory. When everything is said and done it equals out to the cost of the goods that have been sold. Cost of goods sold is the accumulated total of all the costs used to create a product or service in this case it is which has been sold. All of these costs fall into a general sub category of direct labor as well as the materials, and overhead stock. The cost of goods sold is considered to be a part of the labor and payroll taxes. Beginning Inventory |+ |Purchases |- |Ending Inventory |= |Cost of Goods Sold | |$600 |+ |$1500 |- |$400 |= |$1700 | |$800 |+ |$2400 |- |$600 |= |$2600 | |There is also a first in and first out method that helps with keeping track of the inventory. So when things come in the stuff that is older should move forward and the new stuff should go in back. I believe that when it comes down to it the way we handle the sales of the products then the company should not have a problem with keeping track of the funds coming in and going out. Below I have added the example of how it should work. I have done...
Words: 272 - Pages: 2
...Rennalls is a talented engineer, on the other hand he has a conflict with expatriates. • On the one hand Rennalls can influence the policy of the Co by his father, but on the other hand he is not the only candidate. • On the one hand Baker wants Rennalls to work for the Co, but on the other hand the Co can’t risk his image. 2. Options 1) Hive apologizes to Rennalls and invite him back to the company. Advantages: • Rennalls is a professional worker. He can influence the policy of the Co on the islands. Disadvantages: • His racial conflicts with the stuff. • Rennalls is sometimes rude with staff and that causes negative emotions in the collective. 2) To find out another candidate for Rennalls place. Advantages: • Taking a Barracanian substitute for the place. It may solve the problem of Rennall’s stuff rudeness. Disadvantages: •...
Words: 472 - Pages: 2
...Make sure to bring down laptop, laptop charger, wireless mouse, cell phone and flash drive – copy over all the stuff from the “Kevin’s Stuff” folder on Doug’s computer to the flash drive. ***Call Dr. Reddy back first thing in the morning if I haven’t heard by then (336-662-8185) 1. Rizwan Ali: Advanced Psychiatric Services 2727 Electric Road, Suite 103 Roanoke, VA 24018 540-772-1974 Have to go for first appointment to be assessed then go back for a second appointment to be inducted into the program. Insurance will most likely pay for first (assessment) appointment, but the suboxone is on a cash only basis. $500 for first month and price will come down each subsequent month. Includes group sessions. a. First appointment (assessment) – Monday, Feb. 6 @ 1pm b. Second (suboxone induction) – Wednesday, Feb. 8 between 4-6pm Someone is supposed to call back after 11am tomorrow, Wednesday, Feb. 1, to let me know if I’m a good candidate and to confirm appointments. * ***If I haven’t heard anything by first thing in morning (9AM), call Dr. Reddy’s office to determine if she can change the existing appointment (tomorrow, Wednesday, Feb. 1 @ 5pm) from a regular appointment to a suboxone appointment. * **Someone is supposed to call back after 11am tomorrow (Wednesday) to verify appointments from Dr. Rizwan Ali’s office (540-772-1974) * *In morning, call the rest of the physicians I haven’t gotten in touch with, including the physicians listed...
Words: 340 - Pages: 2
