Cranston Corporation makes four products in a single facility. Data concerning these products appear below:
Products A B C D
Selling price per unit $ 42.30 $ 50.00 $ 37.60 $ 33.50
Variable manufacturing cost per unit $ 20.80 $ 30.70 $ 21.00 $ 19.90
Variable selling cost per unit $ 2.70 $ 2.10 $ 1.00 $ 2.40
Milling machine minutes per unit 3.30 4.10 2.60 1.30
Monthly demand in units 1,000 4,000 3,000 3,000
The milling machines are potentially the constraint in the production facility. A total of 28,200 minutes are available per month on these machines. Up to how much should the company be willing to pay for one additional minute of milling machine time if the company has made the best use of the existing milling machine capacity? (Round your intermediate calculations to 2 decimal places.)
Multiple Choice
$4.20
$11.20
$18.80
$0.00

Answers

Answer 1

The company should be willing to pay up to A. $4.20 (contribution margin per milling minute for Product B) for one additional minute of milling machine time, after making the best use of the existing capacity in producing Products D, C, and A.

What is the contribution margin per limited resource?

The contribution margin per limited resource or factor is the quotient of the contribution margin per unit for each product and the number of scarce resources required per unit of the product.

Usually, the contribution margin per unit is the sales price less the variable costs per unit.

The contribution margin per limited resource is computed because of the constraints posed by limited factors of production.

Products                                          A            B            C            D

Selling price                             $ 42.30 $ 50.00 $ 37.60  $ 33.50

Variable manufacturing cost  $ 20.80 $ 30.70  $ 21.00   $ 19.90

Variable selling cost                 $ 2.70     $ 2.10    $ 1.00    $ 2.40

Contribution margin                 $18.80   $17.20   $15.60     $11.20

Milling machine minutes             3.30         4.10      2.60        1.30

Contribution margin per milling

machine minute                       $5.70     $4.20     $6.00     $8.62

Monthly demand in units          1,000      4,000   3,000     3,000

Schedule of Production:

Product     Milling Machine Minutes

Product D    3,900 (1.3 x 3,000)

Product C    7,800 (2.6 x 3,000)

Product A   3,300 (3.3 x 1,000)

Product B  16,400 (4.1 x 4,000)

Total milling machine minutes required = 31,400

Available milling machine minutes = 28,200

Shortage in milling machine minutes = 3,200 minutes for product B (31,400 - 28,200)

Thus, having fully used up the limiting factor (milling machine minutes) in producing Product D, C, A, and some parts of Product B, the company can pay outside vendors up to $4.20 to obtain one unit of milling machine minutes to produce the remaining number of Product B.

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Related Questions

What is an example of form utility

Answers

Form utility refers to how well a product or service meets the customer's needs. For example, a company might design a product to target a specific client's needs or wants. Form utility is the incorporation of customer needs and wants into the features and benefits of the products being offered by the company!

Personal likes and dislikes affect the elasticity of a good or service.

Responses

a true

b false

Answers

Answer: B

Explanation:

B false.

Personal likes and dislikes do not affect the elasticity of a good or service. Elasticity refers to the responsiveness of demand or supply to changes in price or income, and is determined by factors such as the availability of substitutes, the necessity of the good or service, and the proportion of income spent on it.Personal preferences may influence the demand for a good or service, but they do not directly affect its elasticity. For example, if someone really likes a certain brand of coffee, they may be willing to pay a higher price for it, but this does not necessarily make the demand for that brand of coffee more or less elastic.

Therefore, the statement "Personal likes and dislikes affect the elasticity of a good or service" is false.

It a true personal likes and dislikes does affect the elasticity of a good or service

What is a government in regulatory bodies?

Answers

Answer:

A regulatory body also called regulatory agency is a public authority or a government agency which is accountable for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity.

Explanation:

the following information applies to emily for 2022. her filing status is single. salary $85,000 interest income from bonds issued by xerox 1,100 alimony payments received (divorce occurred in 2014) 6,000 contribution to traditional ira 6,000 gift from parents 25,000 short-term capital gain from stock investment 2,500 amount lost in football office pool (gambling loss) 500 age 40

Answers

Emily's taxable income for 2022 is $85,000.

Taxable income is the term used to describe the foundation of an income tax system. In other words, the amount of revenue that was subject to taxation. In general, it comprises all or a portion of the items of income as well as is lessened by costs and other deductions.

After deductions and exemptions, taxable income becomes the amount of income that is liable to tax.

1. Salary: $85,000

2. Interest income from bonds issued by Xerox: $1,100

3. Alimony payments received: $6,000

4. Contribution to traditional IRA: $6,000

5. Gift from parents: $25,000

6. Short-term capital gain from stock investment: $2,500

7. Amount lost in football office pool: $500 (not taxable income)

Total Taxable Income for 2022: $85,000

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Final answer:

The question is about calculating Emily's taxable income for 2022. Her taxable income, according to the information provided and assuming traditional standard deductions, would be $88,100.

Explanation:

The subject at hand pertains to calculating Emily's taxable income for the year 2022. Emily's gross income would include her salary ($85,000), interest income from bonds ($1,100), alimony payments ($6,000, because the divorce occurred prior to Dec 31, 2018), and short-term capital gains from stock investment ($2,500). Her contributions to a traditional IRA ($6,000) and her gambling loss ($500) can be deducted from her gross income. It's important to note that the $25,000 gift from her parents is not considered taxable income.

So, her taxable income would be: $85,000 (salary) + $1,100 (interest income) + $6,000 (alimony) + $2,500 (capital gain) - $6,500 (IRA contribution and gambling loss) = $88,100.

This is a simplified calculation and other factors may need to be considered in a real-world scenario, such as potential additional deductions or tax credits.

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In distinguishing between firm strategies for developing new products, a pioneer firm will be more likely to rely on its ______, whereas a follower firm will be more likely to ______ for ideas.
a. look within; scan the outside
b. look inside; scan the perimeter

Answers

Answer:R&D department, scan the market

Explanation:

Suppose that an individual has a utility functions given by: U(X,Y)=3X 2
+Y 2
Suppose also that the individual has an income of $1500, the price of X is $8 per unit, and the price of Y is $18 per unit. What is the utility maximizing Quantity of X ?

Answers

The utility-maximizing quantity of X is approximately 321.43 units.

To determine the utility-maximizing quantity of X, we need to find the point where the individual's budget constraint is tangent to the indifference curve, representing the highest possible utility given the prices and income.

The individual's budget constraint is given by:

Income = Price of X * Quantity of X + Price of Y * Quantity of Y

Substituting the given values:

$1500 = $8 * Quantity of X + $18 * Quantity of Y

We can rearrange this equation to solve for Quantity of Y:

Quantity of Y = ($1500 - $8 * Quantity of X) / $18

Now, let's express the utility function in terms of only X using the quantity of Y derived above:

U(X) = \(3X^2 + ([$1500 - $8 * Quantity of X] / $18)^2\)

To find the utility-maximizing quantity of X, we can take the derivative of the utility function with respect to X and set it equal to zero:

dU/dX = 6X - (2 * $8/$18) * ([$1500 - $8 * X] / $18) = 0

Simplifying the equation:

6X - (16/18) * (1500 - 8X) = 0

6X - (8/9) * (1500 - 8X) = 0

6X - (8/9) * 1500 + (8/9) * 8X = 0

6X - (4/3) * 1500 + (8/9) * 8X = 0

(8/9) * 6X + (8/9) * 8X = (4/3) * 1500

(8/9) * 14X = (4/3) * 1500

X = (4/3) * 1500 * (9/8) / 14

Solving the equation, we find:

X ≈ 321.43

Therefore, the utility-maximizing quantity of X is approximately 321.43 units.

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The utility-maximizing quantity of X is approximately 0.0221 (rounded to the appropriate decimal places).

To find the utility-maximizing quantity of X, we need to maximize the individual's utility function subject to the given income constraint and prices of X and Y.

Write down the individual's utility function:

U(X, Y) = 3X^2 + Y^2

Write down the budget constraint:

Total expenditure = Income

Price of X * Quantity of X + Price of Y * Quantity of Y = Income

Plugging in the given values:

$8 * Quantity of X + $18 * Quantity of Y = $1500

Solve the budget constraint for Quantity of Y:

Quantity of Y = ($1500 - $8 * Quantity of X) / $18

Substitute the expression for Quantity of Y into the utility function:

U(X, Y) = 3X^2 + [(1500 - 8X) / 18]^2

Differentiate the utility function with respect to X to find the critical point(s) that maximize utility:

dU(X) / dX = 6X - (16 / 81) * (1500 - 8X) / 9

Simplify the equation:

dU(X) / dX = 6X - (16 / 729) * (1500 - 8X)

Set the derivative equal to zero and solve for X:

6X - (16 / 729) * (1500 - 8X) = 0

Simplify and solve for X:

6X - (16 / 729) * 1500 + (16 / 729) * 8X = 0

4374X - 32X + 96 = 0

4342X = -96

X = -96 / 4342

X ≈ -0.0221 (disregard the negative value)

Evaluate the quantity of X at the critical point:

Quantity of X ≈ -0.0221

Since we cannot have a negative quantity of X, we conclude that the utility-maximizing quantity of X is approximately 0.0221 (rounded to the appropriate decimal places).

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With the Waterfall approach, a mismatch between system capabilities, users' expectations, and organizational needs can occur. Why is this more likely with the Waterfall approach?

Group of answer choices

Users do not interact with the solution until the integration and testing phase.

Intermediate products that can be reviewed to measure progress are not produced.

Users' needs are often stated and understood, yet ignored.

Management control is loose because reviews are not conducted regularly.

Answers

The answer is: Intermediate products that can be reviewed to measure progress are not produced.

In the Waterfall approach, the development process follows a sequential and linear progression, with each phase building upon the previous one. This approach typically involves gathering requirements, designing, implementing, testing, and finally deploying the solution. However, in the Waterfall approach, intermediate products or deliverables that can be reviewed and evaluated by users or stakeholders are not produced until later stages, such as integration and testing.

This lack of intermediate products for review and feedback increases the risk of a mismatch between system capabilities, users' expectations, and organizational needs. Without early and frequent opportunities for users and stakeholders to provide input and make adjustments based on their feedback, it becomes more likely that the final solution may not fully meet their requirements or expectations.

The Waterfall approach's rigid sequential nature makes it challenging to incorporate changes or address evolving needs throughout the development process. As a result, any misunderstandings or misalignments between the users' needs and the developed solution may go unnoticed until later stages, leading to potential mismatches and dissatisfaction with the final product.

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You bought 10 shares of stock in StreamingVideoCo for $45 per share. Two months later you sold the 10 shares of stock for $80 per share. What was your profit or loss on StreamingVideoCostock?

Answers

Answer:

Profit on the sale of shares = 350

Explanation:

Below is the calculation of profit or loss on the sale of shares:

Number of shares = 10 shares

The purchase price per share = $45 per share

The selling price of share = $80 per share

Use the below formula to find the profit on the sale of share:

Profit on the sale of shares = Revenue from sale - Cost of shares

Profit on the sale of shares = (10 x 80) - (10 x 45)  

Profit on the sale of shares = 800 - 450

Profit on the sale of shares = 350

The profit or loss on the streaming video co stock is $350.

The calculation is as follows:

Profit on the sale of shares = Revenue from sale - Cost of shares

= (10 × 80) - (10 × 45)  

= $800 - $450

= $350

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why is channel management important for successful marketing

Answers

Answer:

Explanation:

Because it helps many people in this which is similar to a Marketing.

a+price+elasticity+of+demand+of+-1.25+means+that+if+price+decreases+by+10%+the+quantity+demanded+will+by+%

Answers

A price elasticity of demand of -1.25 means that if the price decreased by 10% the quantity demanded will increase  12.5.

Price Elasticity of Demand:

Price elasticity of demand is a measure of changes in consumption of a product to changes in price.

Price elasticity of demand =

Percentage change in quantity demanded ÷ Percentage change in price

Economists use price elasticity to understand how supply and demand for a product change when prices change. increase. Like demand, supply has an elasticity known as the price elasticity of supply. Price elasticity of supply refers to the relationship between changes in supply and changes in price. It is calculated by dividing the percentage change in shipment quantity by the percentage change in price. These two elasticities determine which goods are produced at what prices.

Economists found that prices for some commodities are highly inelastic. In other words, falling prices do not increase demand much, and rising prices do not hurt demand. For example, gasoline has a low price elasticity of demand. Drivers, like airlines, the trucking industry, and nearly every other buyer, will continue to buy as much as they need.

Other commodities are much more elastic, so changes in the prices of these commodities result in large changes in demand or supply.

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gabrielle deposited $1,000 in a savings account at 8% compounded quarterly for 1 year. what is the future value of his savings account.

Answers

The future value of Gabrielle's saving account will be $1,082.43

What is Future value (FV)?

Future Value is the value of a current asset at a future date based on an assumed rate of growth.

Future Value (FV) formula
\(FV=PV(1+r)^{n}\)
FV = Future Value
PV = Present Value
r = annual interest rate

n = number of periods interest held

Now, let's work on the question.
Amount deposited = $1000 (Present Value)
Annual interest rate = 8%
8% interest rate compounded quarterly. In one year, there will be 4 quarters. So we need to find the r value
r = 8% / 4 = 2% = 0.02

Number of quarters in 1 year = 4

Now, we already have all the information, let's start to work on the formula to find the future value.

\(FV=PV(1+r)^{n}\)
\(FV = $1,000(1+0.02)^{4}\)
\(FV = $1,000*1.02^{4}\)
FV = $1,082.43

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If you are inserting an address block with the Address Block dialog box and the fields do not connect automatically, what can you do?

Answers

Answer: Click Match Fields and match them manually.

amounts involving fraud are not usually considered qualitative factors affecting the preliminary materiality judgment. group of answer choices true false

Answers

The statement is false because  fraudulent activities can have a significant impact on the financial statements of a company and can result in material misstatements.

Materiality judgments are made to determine the relevance and importance of a misstatement in the financial statements. When fraud is involved, it can lead to material misstatements that can impact the overall financial health of the company.
Fraudulent activities can be intentional or unintentional, and both can have significant consequences. Therefore, when assessing materiality, fraud should be considered as a qualitative factor that can impact the financial statements. This is because the occurrence of fraud can lead to a misstatement in the financial statements that can impact the financial decision-making process of stakeholders.
In summary, amounts involving fraud should be considered as a qualitative factor when making the preliminary materiality judgment. It is important to take into account the potential impact that fraudulent activities can have on the financial statements to make informed decisions. Therefore, the statement that "amounts involving fraud are not usually considered qualitative factors affecting the preliminary materiality judgment" is false.

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Under U.S. sentencing guidelines, how would firms facing environmental violations typically be treated if they had an active compliance program and fully cooperated with investigators? Multiple Choice a) The same as any other violator b) The sentence would likely be lighter c) Less prison but highter fines
d) in almost all cases, the firm would receive only a warning

Answers

Under U.S. sentencing guidelines, how would firms facing environmental violations typically be treated if they had an active compliance program and fully cooperated with investigators:  b) The sentence would likely be lighter.

If an organization have effective compliance program to prevent and identify violations,

which means that the -

The organization disclosed its violations voluntarily to the respective authority

When an investigation has conducted on account of the violation,  the organization co-operated with the investigation by the appropriate authority or investigators

For their misconduct, organization has accepted responsibility itself  without neglecting the same.

Sentence would likely be lighter to such organizations.

The most well-known offenses related to organizations incorporate misrepresentation, hazardous waste discharge, tax evasion, antitrust offenses, and food and medication violations. Punishment for corporate offenses is administered by chapter eight of the Government Sentencing Rules for Organizations.

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How to use font style tool in word document ​

Answers

Answer:

♥〜 こんにちは〜 ♥

!

!

\(●~▽~●)

How to use font style tool in word document
How to use font style tool in word document

When Parker started his business, he knew he had to keep costs to a minimum and he worried about taxes. He planned to build and distribute safety goggles for construction workers and military personnel. He realized most of his business would not be through walk-in customers but rather large orders from companies. He chose to locate in a government-subsidized area called a(n) ________________, where he would receive tax breaks. Multiple Choice intrapreneurial territory affective designation immigration zone enterprise zone

Answers

Answer:

Enterprise Zones. Specific geographic areas to which governments try to attract private business investment by offering lower taxes and other government support. Government Incubators

Explanation:

What Is Wrongful Interference with a Business Relationship?

Answers

Wrongful interference with a business relationship is a type of tort where one party intentionally causes harm to another party's business relationship, with the intention of causing harm to the other party.

This type of interference can occur in a variety of ways, including inducing a third party to breach a contract, spreading false information about a company, or intentionally causing harm to a company's reputation.

The elements required to prove a case of wrongful interference with a business relationship include proof that a business relationship existed, that the defendant knew about the relationship, and that the defendant intentionally acted to harm the relationship.

The injured party must also show that they suffered damages as a result of the defendant's actions.

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Which of the following accounts would normally have a credit balance and appear in the balance sheet?
A. Dividends.
B. Salary expense.
C. Revenue.
D. Uneamed revenue.
E. Accounts receivable.

Answers

B.salary expense !!!!!!!!!

The account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.

The following information is relevant:

The dividend contains the normal debit balance and the same is to be shown under the stockholder equity statement.The salary expense is to be shown under the income statement and contains a normal debit balance.The revenue is to be shown under the income statement & contains a normal credit balance.Unearned revenue is a liability account and contains a normal credit balance. Also, it is to be shown under the balance sheet.The account receivable is an asset account & it contains a normal debit balance. Also, it is to be shown under the balance sheet.

Therefore we can conclude that the account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.

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If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is:_______
a. a downward-sloping curve that is bowed outward.
b. a downward-sloping curve that is bowed inward.
c. a downward-sloping straight line.
d. an upward-sloping straight line.

Answers

Answer:

c. a downward-sloping straight line.

Explanation:

In case when there is a three for one tradeoff lies between the X goods and Y goods so the curve of PPF should be fall sloping contains straight line. This slope should be downward as it generated more and more of one goods and it could be sacrificed for the other good and the reason of the straight line is that here the opportunity cost would remain the same or constant

Therefore in the given case, the correct option is C.

A straight line, downward - sloping demand curve often mean that, as price falls, there is an elasticity of demand. If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is a Downward-sloping straight line.

Trade-off is simply known as a situational decision. It is simply the reduction of one quality, quantity, or property so as to get gains in other areas.

It is simply known as where one thing increases, another have to decrease. it often arise from limitations of a lot of source.

It is often called a tactical or strategic choice made with full knowledge of the advantages and disadvantages of each decision.

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In a traditional ira, how much money can be taken for after-tax investments and allows the money to grow tax free?

Answers

The correct answer is $6,000.

$6,000 can be taken for after-tax investments and allows the money to grow tax-free.

In a Traditional IRA (Individual Retirement Account), the contribution limits determine how much money can be contributed to the account each year. As of the year 2021, the contribution limit for individuals under the age of 50 is $6,000.

Contributions made to a Traditional IRA are generally tax-deductible, meaning they are made with pre-tax dollars. The money contributed grows tax-deferred, meaning you don't pay taxes on the investment earnings until you withdraw the funds in retirement.

However, it's important to note that in a Traditional IRA, contributions are made with pre-tax dollars, and therefore, after-tax investments are not typically made within the account. Instead, after-tax investments are typically made in a Roth IRA, where contributions are made with after-tax dollars, but the earnings can grow tax-free.

To summarize, in a Traditional IRA, the maximum contribution limit is $6,000, and the money grows tax-deferred rather than tax-free.

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product differentiation and internal economies of scale yield gains from trade in the form of a. higher profits and lower trade costs. b. lower production costs and a greater variety of goods. c. the proximity-concentration effect. d. the substitution of immigration for foreign direct investment.

Answers

It is appropriate to select option (b). Gains from trade come in the form of cheaper production costs and a wider selection of commodities thanks to product differentiation and internal economies of scale.

Which of these results in an increase in commerce due to internal economies of scale?

Internal economies of scale cause businesses to concentrate their industries regionally. Trade benefits include increased consumer choice and lower prices due to internal economies of scale.

What do manufacturing efficiencies of scale mean?

Economies of scale are the cost advantages a business achieves as production levels rise. This is possible because production costs can now be divided across several different products. The amount of cost savings from an increase in output increases with a company's size.

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What are the 3 Building Blocks of Debt

Answers

Answer: Earning, saving, and spending

Explanation:

Answer:

The three building blocks of debt are:

EarningSpendingSaving

A city government uses eminent domain to seize property for a new public high school complex. Which of the following statements best explains a potential positive externality?

Answers

Answer:hi

Explanation:

The format for the equation of a circle is (x-h)^2+(y-k)^2=r^2, where (h,k) is your center and r is your radius. All we have to do is substitute the correct values, giving us the equation (x+2)^2+(y-1)^2=4

describe the student's role with the employer and how that role is directly relatd to enhancing the students knowledge obtained through her stem degree

Answers

The student's role with the employer can vary depending on the nature of the employment, The student's role with the employer is to contribute to the organization's objectives while gaining practical experience.

This can involve completing tasks related to research, development, or production of products or services, as well as collaborating with colleagues and supervisors.

Through this employment, the student can enhance her knowledge obtained through her STEM (Science, Technology, Engineering, and Mathematics) degree in several ways. Firstly, by working on real-world projects, the student can apply the theoretical concepts she learned in her courses and gain practical experience in her field. This can deepen her understanding of how the concepts and theories apply in practice and expose her to new technologies, techniques, and methods.

Secondly, the student can learn from her colleagues and supervisors, who may have more experience and expertise in the field. This can help the student gain new insights and perspectives, and learn about the latest trends and developments in the field. The student can also benefit from mentorship and guidance from her employer, who can help her identify areas of strength and weakness and provide feedback on her work.

Finally, the student can develop skills such as problem-solving, critical thinking, communication, teamwork, and time management through her employment. These skills are essential in the STEM field and can enhance the student's career prospects after graduation.

In summary, the student's role with the employer is to gain practical experience in her field of study while contributing to the organization's objectives. This employment can directly enhance the student's knowledge obtained through her STEM degree by allowing her to apply theoretical concepts in practice, learn from colleagues and supervisors, and develop essential skills.

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It is estimated what percentage of jobs are filled through networking?
40 percent
55 percent
70 percent
85 percent

Answers

It is 70 percent
Explanation

WHICH IS THE BEST JOB IN INDIA WITH LESS WORKING HOURS AND WORK​

Answers

I think pizza boyis the best job in india as pizza boy dont have to walk they have to deliver food from bike and other vehicles.

Answer:

i advise a teacher, or a professor.

Explanation:

They pay well, and you can just have fun with it.

A travel company sells tours in Costa Rica on its website. Instead of designing the website themselves, the company hired an outside software development company to design, run, and manage the website for them. This is an example of Multiple choice question. accessing capabilities through a collaborative partnership. matching organizational structure to strategy. acquiring capabilities through mergers and acquisitions. internal development.

Answers

This would be considered a collaborative partnership since they got help from another software team

List and explain ten factors to consider in preparing family income​

Answers

Answer:

1. Availability of Money:

The expenditure of a family depends upon the availability of money or total income of the family. It can afford to spend under various needs. In lower income group, families expenditure is more on food. Higher income group families spend more on recreation, education and luxuries etc.

2. The size and the composition of the family:

Expenditure depends upon the size and composition of the family. The size of the family means the number of adults and children. The more the mouths to eat the expenditure is more on food, clothing and shelter. With the growth of children, more will be spent on education and clothing. More will be spent towards transportation when the members go out of the house for work or study.

Composition of the family means the number of adults and children in the family. It also includes the number of males, females and old persons. For old persons, extra expenditure will be incurred towards health and medical expenses.

3. Stages of family life cycle:

Family life cycle plays an important role in spending money. At the beginning stage, most part of the family income is spent towards the establishment expenditure as a newly married couple starts their family life. In the expanding stage families need money for the children, their food, dress, education etc. Some families in the expanding stage spend more on purchasing durable household goods, furniture etc. In the contracting stage major expenditure is on wedding celebration of their children. During this stage, the family income is gradually reduced. So the expenditure should be cut short.

4. Occupation of the family members:

Sometimes expenditure of the family depends upon the occupation of the family members. In certain jobs, there are special benefits like free quarters, educational facilities for children, health and medical allowance, travelling allowance etc.

5. The needs and objectives of the family:

Expenditure will be done according to the needs and objectives of the family. For example, a family where young children are there, more will be spent for nutritious foods. Old people require health and medical expenses. Working women spend money for the servants as they do not find time to do the household work.

6. Resources:

Both human and material resources can make significant changes in the pattern of expenditure of a family. The abilities, skill, knowledge, interest, attitude and habits of the members of the family can be utilized for various purposes as supplementary income.

7. Locality of the family:

In rural areas more will be spent on food. But in urban areas the expenditure is more on education, recreation, transportation, accommodation etc.

8. Socio-economic status of the family:

The socio-economic status of the family is determined by its income, education level and occupation of the members. The higher the socio-economic status the expenditure will be more on interior decoration, higher education, club membership, accommodation, recreation etc. The total expenditure depends on the standard of living the family maintains.

9. Social and religious traditions:

Some families accept old and traditional values. So they spend more on marriages and religious festival.

10. Personal choice:

Expenditure depends upon the personal choice. For example, one person may have a liking for expensive perfumes and jewellery while another may have simple tastes. Expenditure is also affected by the measures taken in the family to make provision for the future like house building, higher education of children etc. The home-maker will be able to manage with her income by cutting out unnecessary and extravagant expenditure. “One must cut one’s coat according to his cloth.”

This saying is rightly proved in home management. Balancing of income and expenditure is the best way of money management. Whatever the income may be, the efficient management of money is a requisite for a happy, successful and peaceful family life.

What is the purpose of the code of conduct codes of practice standards of practice and policy frameworks that Organisations use?

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Code of conduct, codes of practice, standards of practice, and policy frameworks are all tools used by organizations to ensure that their employees act in an ethical and professional manner.  

Code of conduct provides the basis for ethical behavior, such as defining acceptable and unacceptable behavior, and establishing a set of guidelines for employees to follow.Codes of practice are documents that provide specific procedures or guidelines for employees to follow when completing a particular type of task or job. Standards of practice are documents that outline the minimum requirements for completing a specific job or task. Policy frameworks are documents that define the rules, regulations, and procedures that govern the organization’s operations.

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MetalSheet Corporation is organized into two operating divisions (Fabrication and Finishing). The Maintenance Department provides services to both the Fabrication Division and the Finishing Division.

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MetalSheet Corporation is a company with two operating divisions: Fabrication and Finishing. Both divisions receive services from the Maintenance Department, which is responsible for providing maintenance and support to ensure the smooth operation of the equipment and facilities in both divisions.

The Maintenance Department in MetalSheet Corporation serves both the Fabrication Division and the Finishing Division, providing essential services to support their operations. This department plays a crucial role in ensuring the functionality and reliability of the equipment, machinery, and facilities utilized by both divisions.

The Maintenance Department in MetalSheet Corporation is responsible for various tasks, including routine maintenance, repairs, and troubleshooting of equipment and machinery. They ensure that the production lines, tools, and facilities are in optimal working condition, minimizing downtime and maximizing productivity for both the Fabrication and Finishing Divisions. The department's skilled technicians and maintenance personnel are trained to address issues promptly and efficiently to maintain operational efficiency and minimize disruptions.

The Maintenance Department in MetalSheet Corporation plays a vital role in supporting the Fabrication and Finishing Divisions by providing maintenance services. Their expertise ensures the reliability and functionality of the equipment and facilities, enabling smooth operations and minimizing disruptions. By servicing both divisions, the Maintenance Department contributes to the overall success and productivity of MetalSheet Corporation as a whole.

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