Answer:
a) Haute Mexican-To serve the customers seeking a fine dining experience, Maria opens an upscale, stand-alone, expensive restaurant serving haute cuisine. STAGE 3 - MATURITY PHASE (STRONGLY ESTABLISHED, HIGH PRICE)
b) Joe's Burrito Box-Recognizing an opportunity to sell low-price, no-frills lunches, Joe's Burrito Box sells boxed burrito lunches out of a mobile cart on Main Street. STAGE 1 - ENTRY PHASE (PENETRATIVE WITH LOW MARGINS)
c) Maria's Taco Stand-First to introduce Mexican food to the market, Maria opens a no-frills taco stand offering budget meals. STAGE 1 - ENTRY PHASE (PENETRATIVE WITH LOW MARGINS)
d) Maria's Mexican Restaurant-As Maria's Mexican food grows in popularity, Maria opens a restaurant in the local mall. The restaurant offers a wider menu, sit-down dining, and higher prices. STAGE 2 - GROWTH PHASE (SOMEWHAT ESTABLISHED, HIGHER MARGINS)
<u>Solution and Explanation:</u>
Answer 1 <u>Calculation of activity rate is as follows:
</u>
<u>Stamping</u> = Budgeted costs divided by Machine tour
= $200000 / 10000 = $20 machine hour
<u>Assembly</u> = Budgeted costs divided by Labor hour
= $400000 divided by 20000 = $20 labor hour
<u>Setup</u> = Budgeted costs divided by setup
= 30000 / 15 = 2000 setup
Answer 2 <u>Overhead cost per unit = Total overhead cost divided by total units produced
.</u>
Saws = $452 per unit
Drills = $673 per unit
Answer:
Del is expected to prepaid to pay $535.62 in prepaid interest at the closing.
Explanation:
The down payment of 15% is $250000*15%=$37500
The balance of mortgage net of down payment=$250000-$37500
=$212500
Interest yearly=$212500*5.75%=$12,218.75
A year interest divided by 365days give one day interest.
A day interest=$12218.75/365=$33.48
Total interest to pay at closing=16days*$33.48
=$535.62
The number of days was 16 because July has 31days and deal was closed on 15th,hence 31 minus 15 gives 16.
Answer:
earn $8 more than if he had invested with his credit union.
Explanation:
Answer: Nominal
Explanation:
When the Nominal measurement scale is used, it means the data was sorted into labels or names which is why it is sometimes referred to as Named data. For instance, sorting dogs in a park into their species i.e Husky, American Bull, German Shephard etc.
There is no quantitative value and usually there is no ordering method to this measurement scale.
The professor sorted her students according to their majors which in this case acted as labels so the Professor was using the Nominal measurement scale.
