BUSINESS COLLEGE

Ballard Company incurred a total cost of $9,100 to produce 300 units of pulp. Each unit of pulp required six (6) direct labor hours to complete. What is the total fixed cost if the variable cost was $2.00 per direct labor hour? a. $1,300.
b. $3,600.
c. $5,500.
d. $8,500.

Answers

Answer 1
Answer:

Answer:

3600

Explanation:

2 times 6 is 12 and 12 times 300 is 3600


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COLLEGE

In this mini-case, IKEA is expanding internationally via franchising and other means. This case focuses on efforts in the United States, Europe, and Russia. Expanding markets around the world have increased competition for all levels of international marketing. Cost containment, customer satisfaction, and a greater number of players mean that every opportunity to refine international business practices must be examined in light of company goals. Collaborative relationships, strategic international alliances, strategic planning, and alternative market-entry strategies are important avenues to global marketing that must be implemented in the planning and organization of global management.

Here we focus on a variety of alternative market-entry strategies, including exporting, licensing, franchising, strategic alliances, and direct foreign investments.

Read the case below and answer the questions that follow.

Fifty years ago in the woods of southern Sweden, a minor revolution took place that has since changed the concept of retailing and created a mass market in a category where none previously existed. The catalyst of the change was and is IKEA, the Swedish furniture retailer and distributor that virtually invented the idea of self-service, takeout furniture. IKEA sells reasonably priced and innovatively designed furniture and home furnishings for a global marketplace.

The name was registered in Agunnaryd, Sweden, in 1943 by Ingvar Kamprad—the IK in the company’s name. He entered the furniture market in 1950, and the first catalog was published in 1951. The first store didn’t open until 1958 in Almhult. It became so incredibly popular that a year later the store had to add a restaurant for people who were traveling long distances to get there.

IKEA entered the United States in 1985. Although IKEA is global, most of the action takes place in Europe, more than 70 percent of the firm’s $36 billion in sales. Nearly one-fourth of that comes from stores in Germany. This level compares with only about $5 billion in NAFTA countries. The firm has stores in more than 40 countries around the world.

One reason for the relatively slow growth in the United States is that its stores are franchised by Netherlands-based Inter IKEA Systems, which carefully scrutinizes potential franchisees—individuals or companies—for strong financial backing and a proven record in retailing. The IKEA Group, based in Denmark, is a group of private companies owned by a charitable foundation in the Netherlands; it operates more than 350 stores. The Group also develops, purchases, distributes, and sells IKEA products, which are available only in company stores.

1. The fact that IKEA has stores in more than 40 countries around the world and sells to many markets likely means that the company experiences benefits of global marketing? List four benefits and explain.

2. The fact that Ikea strives to lower costs, minimizes materials and packing, and has catalogs that are completely recyclable shows what type of company commitment?

3.Why has IKEA seen slower growth in the United States using the franchise market-entry strategy?
4. Which mode(s) of foreign market entry has IKEA used?

Answers

Answer:

Check the following explanations.

Explanation:

1. The benefits of global marketing for IKEA are:

1. Economies of scale in production and distribution of their products. – refers increased cost savings due to increased production and distribution which eventually increase the revenue of the firm.  

2. Diversifying company markets through growth and expansion means its market share and customer base is increased.

3. Company’s reputation is improved- IKEA has now become world famous and the market leader in the industry.

4. IKEA’s power and scope of business has increased in the multiple markets which has made IKEA the most sought after furniture retailing company in Europe and Germany.

2. The fact that Ikea strives to lower costs, minimizes materials and packing, and has catalogs that are completely recyclable shows the company’s Corporate Social Responsibility (CSR) towards the community.

3. One reason for the relatively slow growth in the United States is that its stores are franchised by Netherlands-based Inter IKEA Systems, which carefully scrutinizes potential franchisees—individuals or companies—for strong financial backing and a proven record in retailing.

4. IKEA has used franchising and distribution as the mode of entry into the foreign market.

COLLEGE

True or false: the minimum efficient scale is achieved at the minimum point on each average total cost curve. a. True
b. False

Answers

In my opinion I think it's true

COLLEGE

The ready availability of so much information catches some managers in this dilemma. 1. data overload 2. analysis paralysis 3. information paralysis 4. information overload 5. data paralysis

Answers

Answer:

Analysis Paralysis

Explanation:

it happens as a result an inability to make a decision due to overthinking of the available alternatives, possibilities and data. This is one of the major causes for project delay, draining project planning sessions, the gathering of unnecessary data, and slow movement between production stages.

HIGH SCHOOL

In the secondary market, stock prices are A. determined by supply and demand
B. Stable
C. easy to predict

Answers

A. determined by supply and demand
HIGH SCHOOL

According to the needlestick safety and prevention act of 2000, employers are required to:

Answers

Based on the needle stick safety and prevention act of the year 2000, employers are oblige to do the following: First, identify and should use effective and safer medical equipment. Next is to incorporate change in the annual update of the exposure control plan.Also they should maintain the sharps injury log and lastly provide input to those responsible for the patient care.
MIDDLE SCHOOL

Financial stability is when you: A. live from paycheck to paycheck
B. Own a car and a house
C.own your own house
D. are able to save for retirement

Answers

Able to save for retirement means that the person is financially stable as he/she has enough income to cover her expenses and future emergencies etc.
Your answer woud be D.
COLLEGE

Wims, inc., has current assets of $6,000, net fixed assets of $25,100, current liabilities of $4,950, and long-term debt of $12,000. a. What is the value of the shareholders' eq

Answers

Total assets = Current assets + Fixed Assets

Total assets = 6000+25100

Total  assets = 31,100

Total liabilities = Current liabilities + Long term debt

Total liabilities = 4950+12000

Total liabilities = 16,950

According to accounting equation, stockholder's equity = Total assets - total liabilities

Stockholder's equity = 31,100-16,950 = 14,150

Value of Stockholder's equity = $14,150

HIGH SCHOOL

What was the trade discount rate if merchandise with a list price of $14,200 was sold at a net price of $9,940?

Answers

30% off. 14,200 multiplied by 0.7 equals 9,940. 1.0 - 0.7 = 0.3
HIGH SCHOOL

As the demand for goods and services decreases, job growth

Answers

As the demand for goods and services decreases, job growth will decrease.


Explanation: This is simply because as demand for goods and services lessen, then companies will have to either cut costs or find new demands. In the process of cutting costs, then jobs are also being lessened as well. If there is a small demand for goods and services, then there is also a small demand for manpower as well. So job growth will decrease
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