Ethical wrong is done either by intending to deceive consumers in order to manipulate their buying behavior, treating them as a mere means to one's own ends (the Kantian approach) or by the harmful consequences for consumers, competitors and overall market efficiency (the utilitarian approach) but not by both. A)TRUE B)FALSE
Answers
Answer:
The correct answer is letter "B": False.
Explanation:
Kantian ethics, named after Immanuel Kant (1724-1804), propose that actions such as theft or lying are absolutely forbidden even when the action brings the individual certain level of happiness. The Utilitarian Approach pursues obtaining maximum satisfaction by minimizing harm. Though, that minimal harm is subjective since it could represent greater harm for the individuals affected.
Thus, in both Kantian and utilitarian approaches ethical wrong is committed by deceiving consumers, producers, and the overall market efficiency.
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At the beginning of the year, a firm has current assets of $328 and current liabilities of $232. At the end of the year, the current assets are $493 and the current liabilities are $272. What is the change in net working capital?
Answers
Answer:
d. $36
Explanation:
The Contribution margin is the net of selling price and variable cost of a product. It is calculated by deducting the variable cost from the selling price of a product.
Cake Pie Cookies
Current selling price $30 $18 $5
Variable cost $12 $7 $1
Contribution margin $18 $11 $3
Production hours 2 1.5 0.25
Contribution margin/hr. $9 $7.33 $12
Required Contribution margin per hour of cake = $12
Required Contribution margin = $12 x 2 = $24
Required Selling Price = Contribution margin + variable cost = $24 + $12 = $36
Note there is a mistake in the calculation of Contribution margin of Cookies as it is given $3 but after deducting the variable cost from selling price is should be $4 ( $5 - $1 ), I used the given contribution margin for the calculation.
Answers
Given Information:
Rent = $20,000,000
Materials and Wages = $10,000/tractor
Number of tractors = 2,000
Amount spent on R&D = $3 million
Required Information:
Lowest price to sell atractor= ?
Answer:
Lowest price to sell atractor= at least $20,000
Calculations & Explanation:
The company needs to sell at least at a price that all of its manufacturing cost can be recovered without the profit margin.
This happens at a break-even point where total revenue equals the total manufacturing cost.
Total manufacturing cost = Total revenue
The revenue is number of tractors multiplied by some price x
Total revenue = 2,000*x
Total manufacturing cost = fixed cost + Variable cost
Total manufacturing cost = 20,000,000 + 2,000(10,000)
Total manufacturing cost = 20,000,000 + 20,000,000
Total manufacturing cost = 40,000,000
so,
Total manufacturing cost = Total revenue
40,000,000 = 2,000*x
x = 40,000,000/2,000
x = $20,000
Therefore, the lowest price to sell each tractor should be atleast $20,000
Note: The R&D cost is not usually included in such scenarios because R&D cost is sunk and should not be added in these calculations.
Answers
Answer:
12.8%
Explanation:
Data provided in the question:
Debt = 60% = 0.60
Equity = 40% = 0.40
Cost of debt, kd = 10% = 0.10
cost of equity, ke = 17% = 0.17
Now,
firm weight average cost of capital
= ( ke × weight of equity ) + ( kd × weight of debt )
on substituting the respective values, we get
= ( 0.17 × 0.40 ) + ( 0.10 × 0.60 )
= 0.068 + 0.06
= 0.128
or
= 0.128 × 100%
= 12.8%
Answers
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200 = 400
Answers
Answer:
Annual demand (D) = 2,400 sets
Holding cost (H) = $4
Ordering cost (Co) = $5
EOQ = √2 x 2,400 x $5
$4
EOQ = 77 units
Explanation:
Economic order quantity(EOQ) is the square root of 2 multiplied by annual demand and ordering cost per order divided by the holding cost per item per annum. EOQ is the quantity of stock that is bought each time a replenishment order is placed.
Answers
Answer:
Rock Inc.
Gross profit ratio:
= 0.70
Explanation:
a) Data and Calculations:
Sales $473,864
Cost of Goods Sold 142,263
Gross profit $331,601
Gross profit ratio = Gross profit/Sales
= $331,601/$473,864
= 0.69978
= 0.70
b) Rock's gross profit is the difference between the Sales Revenue and the Cost of Goods Sold. It is the first profit point on the Income Statement. It measures the company's ability to convert sales revenue into profit after accounting for the cost of goods sold. This profit will cover the expenses incurred in running the business for the particular period.