All categories

2 years ago

Refer to the following scenario to answer the following questions.

Business

1 answer:

myrzilka [38]2 years ago

5 0

Answer:

5 fishermen will choose to operate their boats as each of them will earn a profit of $150

Explanation:

Per boat operating cost = $500 per month.

Price of fish = $5 per pound.

There are 5 fishermen and each fishermen has 1 boat.

For 1 boat

Total revenue = Price * quantity = $5 * 200 = $1,000

Cost = $500

Profit = Total revenue - Cost = 1000 - 500

Profit = $500.

For 2 boats

Total Revenue of each boat = $5 * 190 = $950

Cost of each boat = $500

Profit of each boat = Total revenue - Cost = 950 - 500

Profit of each boat = $450.

For 3 boats

Total Revenue of each boat = 5 * 175 = $875

Cost of each boat = $500

Profit of each boat = TR - Cost = 875 - 500

Profit of each boat = $375

For 4 boats

Total Revenue of each boat = 5 * 155 = $775

Cost of each boat = $500

Profit of each boat = TR - Cost = 775 - 500

Profit of each boat = $275

For 5 boats

Total Revenue of each boat = 5 * 130 = $650

Cost of each boat = $500

Profit of each boat = TR - Cost = 650 - 500

Profit of each boat = $150.

Conclusion: As there are 5 fishermen and if all of them out on the river at the same time then each fisherman earns profit of $150. As all fishermen earns profit hence all of them will choose to operate their boats. Therefore, 5 fishermen will be ready to operate their boats.

You might be interested in

Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The follow

Kitty [74]

Answer:

Material Cost per equivalent unit =$4.87

Explanation:

First in First out (FIFO)methods separates completed units into fully worked and opening inventory

Fully worked units: These represent units of inventory that were started in a current period and completed that same period. The fully worked units are calculated in order to separate the opening inventory from the the newly introduced when accounting for completed units under the FIFO.

For Bentley , fully worked units is

Fully worked = Newly introduced - closing work in progress

= 100,000- 24,000 = 76,000 .

Opening inventory = 16,000

Item Units Equivalent Units

Opening inventory 16,000 × 40%= 9,600

Completed unit 76,000 × 100% = 480,000

Closing inventory 24,000 × 90% = 21,600

Total equivalent units 107,200

Cost per equivalent unit = Total cost/ equivalent inits

= 54560 +468,000/ 107,200 = $4.87

Material Cost per equivalent unit =$4.87

5 0

2 years ago

Customers around the world know Pepsi and consider it a primary "go-to" brand if they want a refreshing drink. This positioning

Sedbober [7]

Answer:

B. targeting strategy and marketing mix

Explanation:

In business, Targeting strategy refers to a strategy that a company implemented to sell their product to specific group of consumers.

In pepsi's case, they focus their targeting strategy toward the consumers who want a refreshing drink.

Marketing mix is a marketing strategy that is revolved around product, price, place, and promotion. Companies could utilzie this 4 factors to create a business model that can make their targeting strategy succesful.

In pepsi's case:

They sold their product in almost every convenience store (place) . Making it easier for consumers who currently crave refreshing drinks. The price of Pepsi's product is very affordable.

They designed and promote their product to obtain a reputation as refreshing a product that can relinquish your thirst. You can see it in most of their advertising. Most of it consist of people in a hot weather that craves something cold and refreshing.

8 0

2 years ago

In a sell or process further decision, which of the following costs is relevant?

Alona [7]

Answer: a. Only I

Explanation:

In a sell or process further decision, the only cost that is relevant is the variable production cost that is incurred after split-off.

It should be noted that a split-off is when the parent company of an organization uses specified terms to divests its business unit

6 0

2 years ago

When a soft drink company introduced a new peach-flavored drink in a market saturated with colas, it immediately found favor wit

Elena L [17]

Answer:

positioning strategy.

Explanation:

According to my research on different types of business strategies, I can say that based on the information provided within the question the soft drink company is effectively using a positioning strategy. This is a strategy that focuses on one or two important key aspects in which to concentrate and excel on. In this situation the key aspect was healthy living.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0

2 years ago

Alex's sporting goods is the only official supplier of soccer balls for games and practices at all levels of play in the northwe

jarptica [38.1K]

We are given that:

Annual Demand, D = 150,000

Cost per Order, S = 93

Carrying Cost, H = 1.5

We can use the EOQ formula to get the answer:

EOQ = √(2*D*S/H)

EOQ = √(2*150000*93/1.5)

EOQ = 4312.77 = 4313 balls

3 0

2 years ago