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Amiraneli [1.4K]
1 year ago
5

Moki Hunt recently purchased Swift Waters Adventures, a kayaking and canoeing rental business near the Salt River in Arizona. Sw

ift Waters Adventures had been in operation for five years and was located in an ideal area. Even though the winters in the area can be cold, kayaking and canoeing activities are generally popular year-round. After two months of operation, it became clear why the previous owners had sold the business. While the business appeared to be ideally located, sales were extremely disappointing. ​ Refer to Scenario 5.2. Moki decided to apply some of the things he had learned in his marketing research class to his business. The first thing he should do is to ___________ which will help him ______.
Business
1 answer:
zalisa [80]1 year ago
4 0

First thing he needs to do is:

  • properly describe the problem he is facing

This will help him:

  • decide what kind of data he needs to gather

Moki is experiencing low sales which means that he needs to embark on a marketing campaign. If he does not know what exactly is wrong however, he cannot do much in the campaign.

The first step therefore is to properly describe the issues he is facing. This will help him know what kind of data he needs to enabled him to come up with a good enough plan to reverse his fortunes.

In conclusion, Moki Hunt should describe his problem and then collect the appropriate data.

<em>Find out more at brainly.com/question/12244455.</em>

<em />

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Randy, the production manager at a computer hardware manufacturing company, is never satisfied with the productivity of his work
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The given scenario clearly illustrates Negative leniency .

Option C

<u>Explanation: </u>

The performance appraisal is a routine analysis of the results of an individual and of a company's total commitment. A performance appraisal, also defined as an «yearly review», "performance review," or "individual appraisal," assesses the ability, success and progress of an employee or its lack of it.

The manager who is neither tough nor easy with rating employees is committed to negative and positive leniency misconceptions. In the performance evaluation process, the employee's unjustified expectations for increases, promotions or tough jobs can be increased by positive leniency.

The worker may be sick of hitting the head against a wall with excessive slowness or toughness/strictness because the manager can not be pleased despite how hard the person tries.

3 0
1 year ago
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Suppose the observed annual quantity of steel exchanged in the European market is 30 million metric tons, and the observed marke
VARVARA [1.3K]

Answer:

-0.10

Explanation:

To calculate this, we us the formula for calculating elasticity of demand (E) relevant for the demand equation as follow:

E = (P / Q) * (dQ / dP) .............................. (1)

Where,

Q = 30

P = 90

E = -0.3

dQ / dP = b = ?

We then substitute all the value into equation (1) and have:

-0.3 = (90 / 30)  * b

-0.3 = 3 * b

b = -0.3 /3

b = -0.10

Therefore, appropriate value for the price coefficient (b) in a linear demand function Q is  -0.10.

NB:

Although this not part of the question, but note that how the linear demand function will look can be obtained by first solving for the constant term (a) as follows:

Q = a - 0.10P

Substituting for Q and P, we can solve for a as follows:

30 = a – (0.1 * 90)

30 = a – 9

a = 30 + 9 = 39

Therefore, the linear demand equation can be stated as follows:

Q = 39 – 0.1P

5 0
2 years ago
Exercise 2-54 (Static) Gross Margin and Contribution Margin Income Statements (LO 2-7) The following data are from the accountin
melamori03 [73]

Answer:

a. Prepare a gross margin income statement.

Sales revenue                                                    $264,000

Less Cost of Goods Sold

Cost of Goods Manufactured                            ($163,000)

Gross Profit                                                          $101,000

Less Expenses :

Variable marketing and administrative costs    ($13,600)

Fixed marketing and administrative costs        ($32,000)

Net Income/ (Loss)                                               $55,400

b. Prepare a contribution margin income statement.

Sales revenue                                                      $264,000

Less Cost of Goods Sold

Cost of Goods Manufactured                             ($119,000)

Contribution                                                         $145,000

Less Expenses :

Fixed manufacturing overhead                          ($44,000)

Variable marketing and administrative costs    ($13,600)

Fixed marketing and administrative costs        ($32,000)

Net Income/ (Loss)                                               $55,400

Explanation:

<u>Manufacturing Costs Schedule - Absorption Costing</u>

Direct materials                                                 $68,000

Direct labor                                                        $34,000

Variable manufacturing overhead                    $17,000

Fixed manufacturing overhead                        $44,000

Total Manufacturing Costs                              $163,000

This is the costs of sales for gross margin income statement.

<u>Manufacturing Costs Schedule - Variable Costing</u>

Direct materials                                                 $68,000

Direct labor                                                        $34,000

Variable manufacturing overhead                    $17,000

Total Manufacturing Costs                              $119,000

This is the cost of sales for contribution margin income statement.

7 0
1 year ago
A department begins the month with 100 units at a cost of $7,500 and 25% complete in goods in process. An additional 1,000 units
Whitepunk [10]

Answer:

Closing work in progress using FIFO is $1,282.

Explanation:

Working are attached:

Download docx
3 0
2 years ago
hich of the following is not a reason why government agencies subsidize basic research? a. The private market devotes too few re
Oxana [17]

Answer:

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Explanation:

Research is one of the activities that generates postive externality.

Positive externality is when the benefits of economic activities to third parties exceeds the costs.

Activities that generates postive are usually underproduced because of the high cost associated with it. In order to encourage production, the government usually grants subsidies.

I hope my answer helps you

4 0
1 year ago
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