Rocky Mountain Tire Center sells 20,000 go-cart tires per year. The ordering cost for each order is $40, and the holding cost is 20% of the purchase price of the tires per year. The purchase price is $20 per tire if fewer than 500 tires are ordered, $18 per tire if 500 or more—but fewer than 1,000—tires are ordered, and $17 per tire if 1,000 or more tires are ordered. a) How many tires should Rocky Mountain order each time it places an order? b) What is the total cost of this policy?

Answers

Answer 1

Answer:

a) How many tires should Rocky Mountain order each time it places an order?

667 tires

b) What is the total cost of this policy?

total costs (including merchandise purchased) = $362,400total costs (not including merchandise purchased) = $2,400

Explanation:

we must find the EOQ for the three possible prices:

when price per tire is $17:

EOQ = √(2SD) / H

S = cost per order = $40

D = annual demand = 20,000

H = 20% x $17 = $3.40

EOQ = √[(2 x $40 x 20,000) / $3.40] = 685.99 = 686 tires

when price per tire is $18:

EOQ = √(2SD) / H

S = cost per order = $40

D = annual demand = 20,000

H = 20% x $18 = $3.60

EOQ = √[(2 x $40 x 20,000) / $3.60] = 666.67 = 667 tires

when price per tire is $20:

EOQ = √(2SD) / H

S = cost per order = $40

D = annual demand = 20,000

H = 20% x $20 = $4

EOQ = √[(2 x $40 x 20,000) / $4] = 632.46 = 632 tires

since all options are over 500 units but lower than 1,000, we must take the option where each tire costs $18

total cost:

20,000 x $18 = $360,000

(20,000 / 667) x $40 = $1,199.40

holding costs = average inventory = 667 / 2 = 333.5 x $3.60 = $1,200.60

total costs (including merchandise purchased) = $362,400


Related Questions

Conversion costs include​ ________. A. direct labor and manufacturing overhead costs B. direct material and direct labor costs C. product and period costs D. direct​ material, direct​ labor, and manufacturing overhead costs

Answers

Answer:

A. direct labor and manufacturing overhead costs.

Explanation:

In Financial accounting, conversion costs comprises of all the costs associated with the conversion of raw materials into finished goods or products. These costs are usually calculated by the addition of direct labor and manufacturing overhead.

Hence, conversion costs include​ direct labor and manufacturing overhead costs.

Nations will be able to produce a larger joint output and realize mutual gains when each specializes in the production of those items for which it is a low-opportunity cost producer and trades for those things that it could produce only at a high cost. This statement best describes the

Answers

Answer:

law of comparative advantage.

Explanation:

Nations will be able to produce a larger joint output and realize mutual gains when each specializes in the production of those items for which it is a low-opportunity cost producer and trades for those things that it could produce only at a high cost. This statement best describes the law of comparative advantage.

Comparative advantage can be defined as ability of a country or business entity to produce goods and services at a lower opportunity cost than others such as their trade partners. Hence, the most important benefit of the comparative advantage is that, it gives a country or business entity the ability to sell their finished goods and services at a lower price in comparison with its close competitors and consequently, resulting in a stronger sales margins.

Joan, who has a PhD in economics, has been employed as an agent by Gibraltar Securities for the past 15 years. Missing academic life, she resigns from the broker-dealer and accepts a position as an economics professor at a state university. Which, if any party, is required to notify the state securities Administrator of this change

Answers

Answer:

both the agent in question as well as the former broker/dealer are required to notify the Administrator promptly.

Explanation:

In the specific scenario that is being described both the agent in question as well as the former broker/dealer are required to notify the Administrator promptly. This is mainly due to the fact that the license that an agent possesses expires as soon as they cease to be employed by the broker/dealer and/or issuer for whom they were previously licensed. Therefore this information needs to be presented immediately to the securities administrator and her license needs to be revoked.

Byron Company records several adjusting entries for accrued expenses at the end of each month. The adjusting entry for each of Byron's accrued expenses is a(n): Multiple Choice Increase an expense; decrease a liability. Increase an expense; decrease an asset.

Answers

Answer: Increase an expense

Explanation:

Accrued expenses are those expenses that the company has already incurred but have not yet paid for. Even though they have not paid for this, they will still have to account for it due to the Accrual basis in Accounting that requires that expenses are recognised when incurred not when paid.

The adjusting entry for an accrued expense is therefore to increase (by debiting) the relevant expense account and then increase (by crediting) the relevant liability account.

Correct Inc. is a publicly traded firm with 100 million diluted shares outstanding trading at $37.50 per share. The company has $1 billion of debt outstanding with a cost of debt at 6.5% at a marginal tax rate of 40%. The company has $100 million of cash on its balance sheet. What is the enterprise value of Correct Inc.

Answers

Answer:

The enterprise value of Correct Inc is $4,650 M

Explanation:

In this question, we are interested in calculating the enterprise value of Correct Inc

To do this, we use the mathematical formula below;

Enterprise Value = market value capital and debts - cash and investments

Enterprise Value = 100m shares * $37.50 per share + $1000m debts - $100m

= $3750 m + $1000 m - $100 m

= $4650 m

You are the manager who employs a participantive control approach. You have concluded that corrective action is necessary to improve customer satisfaction, but first you need to convince your employees that the problem exists. What kind of evidence do you think employees will find more compelling; quantitative measurements or anccdotes from your interactions with customers

Answers

Answer:

Quantitative measurements

Explanation:

A participative approach in management involves involving employees in decision making processes in the organization. This is a transparent approach that allows for effective communication between managers and employees.

In the above case, quantitative measurements will better convince employees because this would better provide an objective evidence to show that corrective actions work better in improving customer satisfaction. Anecdotes in comparison would merely be hearsay accounts and won't be taken seriously by employees

A company sells DVD players for $200 per unit. The players have a unit variable cost of $160. The company estimates that it will sell one home entertainment system for every four DVD players sold. Home entertainment systems have a unit variable cost of $460 and sell for $600 per unit. The company's fixed costs are $90,000. Assuming that the sales mix estimate is correct, how many DVD players need to be sold for the company to break even?

Answers

Answer:

Break-even point= 1,200 DVDs

Explanation:

First, we need to calculate the sales proportion:

DVD= 4/5= 0.8

Home entertainment= 1/5= 0.2

Now, we need to calculate the break-even point for the whole company:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)

Weighted average contribution margin= (200*0.8 + 600*0.2) - (160*0.8 + 460*0.2)

Weighted average contribution margin= 60

Break-even point (units)= 90,000/60= 1,500

Finally, the number of DVDs:

DVD= 1,500*0.8= 1,200 DVDs

DVD players need to be sold for the company to break even point :

Formula :

Break-even point (units)= Total fixed costs / Weighted average contribution marginBreak-even point (units)= 90,000/60Break-even point (units)= 1,500

Therefore, the number of DVDs:

DVDs= Break-Even Point-Sales Proportion DVD= 1,500*0.8DVD= 1,200 DVDs

                                            Working Notes  :

Sales Proportion:

DVD= 4/5= 0.8

Home entertainment= 1/5= 0.2

Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)

Weighted average contribution margin= (200*0.8 + 600*0.2) - (160*0.8 + 460*0.2) Weighted average contribution margin= 60

 

DVD players need to be sold for the company to break even is 1200DVDs.

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_______ is the arrangement of having discrete parts of a task done by different people. Multiple Choice A division of labor An employee structure A contingency approach A common purpose An organization chart

Answers

Answer:

a. dvision of labor

Explanation:

i hope this helps you!

Alaska king crab fishing in the 1960s and 70s was a dangerous but rich fishery. Boats from as far away as California and Japan braved treacherous waters to reach the abundant king crab beds in Cook Inlet and Bristol Bay, major waters along the southern Alaska coast. In the early 1980s, the fishery crashed due to overfishing. All crabbing in those areas ended. To this day, there is no crabbing in Bristol Bay or Cook Inlet. a. How would an economist explain the decline of the Alaska king crab fishery

Answers

Answer:

Common good

Explanation:

The decline of the Alaska king crab fishery would be explained using the concept of common good.

Now to provide further explanation on what a common good is:

A common good is a good that is beneficial to all persons. Such a good serves everybody as there is no exclusion or rivalry. One major problem with common goods are a depletion of resources. This is what happened when the fishery crashed due to fishery because everyone is entitled to it and uses it, the problem of overfishing was bound to happen.

James has $1500 to open a checking account. He can maintain a monthly balance of at least $1000. He plans to use the ATM four times per month at his local branch. He does not overdraft his account and plans to use direct deposit. He also plans to pay his bills online and he averages 8 bills per month. Bank Account Terms and Conditions Bank Account terms and conditions. Bank A is best for James. James wants an account with the lowest fees. Which checking account would be best for James? Account A Account B Account C Account D

Answers

Answer: Account A

Explanation:

Account A would be best for James as it provides the most value for the things he would like to do.

ATM charges are free with this account so he can use the ATM four times in the month at no chargeHe would pay no monthly fees as he uses direct debitHe would pay an annual fee of $0And as online payments are free, he would not have to worry about getting charged for the 8 bills to process in the month.

Answer:

account a

Explanation:

A trial balance is a(n)______of accounts and their balances at a point in time and is used to confirm that the sum of debit account balances equals the sum of_____account balances.

Answers

Answer:

List; credit.

Explanation:

A trial balance is a list of accounts and their balances at a point in time and is used to confirm that the sum of debit account balances equals the sum of credit account balances. It is used in a double-entry account book to record all debit and credit in order to detect any error, if there is a disagreement between the figures.

In Financial accounting, there are basically three (3) types of trial balance and these are;

1. Adjusted trial balance.

2. Unadjusted trial balance.

3. Post-closing trial balance.

Generally, the trial balance should list accounts in the following order for ease of preparation of the financial statements or statements of account; asset, liability, equity, revenue and expenses.

The reserve requirement is​ 10%. Suppose that the Fed ​$ worth of U.S. government securities a bond​ dealer, electronically the​ dealer's deposit account at Reliable Bank. Which of the following correctly describes the immediate effect of this​ transaction? A. The total reserves of Reliable Bank by ​$. B. The excess reserves of Reliable Bank by ​$. C. The required reserves of Reliable Bank by ​$. D. Reliable Bank

Answers

Answer:

D. The money supply decreases by ​$150,000.

Explanation:

Note: This question is not complete as some figures are omitted. The full question is therefore presented first before answering the question as follows:

The reserve requirement is​ 10%.

Suppose that the Fed sells ​$150,000 worth of U.S. government securities from a bond​ dealer, electronically debiting the​ dealer's deposit account at Reliable Bank.

Which of the following correctly describes the immediate effect of this transaction on the money​ supply?

A. The money supply decreases by ​$1,500,000

B. The money supply decreases by ​$135,000.

C. There is no change in the money supply.

D. The money supply decreases by ​$150,000.

E. None of the above.

The explanation to the answer is now provided as follows:

This is an example of Open market operations (OMO).

Open market operations (OMO) is a monetary policy strategy in which the central bank such as the Federal Reserve sells or purchases government securities in order to implement a particular monetary policy.

When the central bank sells government securities on the open market, it aims to reduce the money supply by the worth of the securities. This is called a contractionary monetary policy.

On the other hand, when the central bank purchases government securities on the open market, it aims to increase the money supply by the worh of the government securities. This is called an expansionary monetary policy.

From the question, the sale of ​$150,000 worth of U.S. government securities from a bond​ dealer is a contractionary monetary policy and it will reduce the money supply by exactly $150,000.

Therefore, the correct option is D. The money supply decreases by ​$150,000.

Which of the following is an owner of a fee simple absolute NOT able to do...? Lease the property to another Pledge the property as security of a debt Build beyond the property line of the land Grant an easement

Answers

Answer:

Correct Answer:

4. Build beyond the property line of the land

Explanation:

Fee simple absolute is an estate in land, which is a form of freehold ownership. It is a way that real estate and land may be owned in common-law countries. And, also is the highest possible ownership interest that can be held in real property.

Assume that the interest rate on borrowings in Japan is 3 percent while the interest rate on bank deposits in a U.S. bank is 5 percent. Laura, an active currency trader, borrows in Japanese yen, converts the money into U.S. dollars and deposits it in a U.S. bank. Laura is engaging in

Answers

Answer:

"Carry Trade", is the right answer.

Explanation:

Laura is engaged in "Carry Trade" because the carry trade refers to the process to borrow from the country where the interest rate is lower and deposit the borrowed money in other countries in which the person earns more interest. Therefore, the process for borrowings and deposits from low and high-interest rates respectively is called the carry trade.

A store that advertises a buy-one-get-one-free sale is

Answers

Answer:

sales promotions

Explanation:

Sales promotions are the steps taken to increase the purchase of the products by adding an incentive to the customers. Buy-one-get-one-free is one of the sales promotions. Here two products are sold in the cost of one. The customer is provided with the benefit of getting two products by giving the amount of one. It is the promotions in which quantity plays a crucial role.

Answer:

sales-oriented

Explanation:

I just got it right.

Question 9
1 pts
a
D
ESPE
The cost of a van is $16,000 with a residual value of
$2,000. The van has an estimated useful life of 5 years.
The mount of depreciation expense using straight-line
each year is:
D
O $933
O $373
O $737
O none of the above​

Answers

Answer:

The correct answer is:

None of the above (d)

Explanation:

Depreciation is the reduction in the fair value of an asset over time.

cost of van = $16,000

residual value = $2,000

useful life = 5 years

depreciation using straight-line allocation is allocating the depreciation cost equally over the useful life of the asset.

[tex]Annual\ depreciation\ expenses\ = \frac{(cost\ of\ asset\ -\ salvage\ value}{useful\ life\ of\ asset} \\\\\\Annual\ depreciation\ expenses\ = \frac{16,000 - 2,000}{5} \\= \frac{14,000}{5} \\Annual\ depreciation\ expenses\ = \$2,800[/tex]

Answer:

none of the above​

Explanation:

depreciation expense per year using straight line method = (purchase cost - residual value) / useful life = ($16,000 - $2,000) / 5 years = $14,000 / 5 = $2,800 per year

The straight line method for calculating depreciation expense is the simplest method that we can use, since the depreciation expense is the same for every year. Unlike double balance, sum of digits or any other kind of deprecation expense method which varies from year to year.

Parker enters into a contract with seller Derrick to buy his home. Before finalizing the sale, Parker has a change of heart and decides to renounce all worldly possessions. He no longer wants to buy Derrick’s home, but his brother, Tom, agrees to take Parker’s place as the buyer in the purchase contract. This is an example of ______.

Answers

Answer: Novation

Explanation:

Novation agreement is defined as replacing an obligation with another or allowing a new party into a deal replacing an existing one, parties involved in new agreement has to sign this to agreement. The party brought in new was not part of the initial deal.

Among its assets are the following: (1) the showroom building, a separate building used to service customer cars, and various parking lots, (2) a nearby acre of land not currently used by the auto dealership, (3) new and used cars and trucks for sale to customers, and (4) a car that is used to provide rides to customers who prefer to wait at home while their cars are serviced. The assets that are classified as plant assets on the company's balance sheet include

Answers

Answer:

(1) the showroom building, a separate building used to service customer cars, and various parking lots

(4) a car that is used to provide rides to customers who prefer to wait at home while their cars are serviced.

Explanation:

Plant Assets are defined as assets in the business that are expected to provide the benefit of helping a company accrue revenue and have will have a useful life of more than a year.

The showroom building, a separate building used to service customer cars, and various parking lots are all places where the company performs business with the showroom showcasing cars for sale and the separate building being used for servicing cars which is another revenue stream.

The car that is used to provide rides to customers who prefer to wait at home while their cars are serviced is also a plant asset as it provides a value added service to customers who will be more likely to have repeat business with the company as a result thereby generating more revenue.

A company completes construction of a $400 million offshore oil platform and places it into service on January 1. State law requires that the platform be dismantled and removed at the end of its useful life, which is estimated to be 10 years. The company estimates that the cost of dismantling the platform will be $20 million. The discounted value of the liability is $9 million using the company's credit-adjusted, risk-free rate. The company has already capitalized the $400 million construction cost of the platform. What amounts should the company record as liability and expense when the asset is placed into service

Answers

Answer:

b. Liability, $9,000,000; expense, $0.

Explanation:

An asset retirement obligation (ARO) refers to an obligation with respect to the acquisition , construction, development, etc. The liability should be recognized the liability at the present value that should be expected to be paid for settling the obligations

Here the $9,000,000 million represents the liability

Also the journal entry is

Asset Dr

        To liability

(Being the asset placed is recorded)

There is no expense should be recorded in the income statement

Depreciation is the accountant's estimate of the cost of ______ used in the production process matched with the benefits produced from owning it.

Answers

Answer:

Fixed assets and equipment

Explanation:

Depreciation is the accountant's estimate of the cost of fixed assets and equipment used in the production process matched with the benefits produced from owning it.

It is the decrease in the value of assets and the method used to reallocate the cost of asset over its useful life span.

Assets can be categorized as :

1. Current

2. Fixed

3. Tangible

4. Intangible assets.

In accounting, there are several standard methods of computing depreciation expense:

1. Fixed percentage

2. Straight line

3. Declining balance methods.

Kate's Diner offers one breakfast item, a breakfast special. The market price for this meal is $5. At her profit-maximizing level of output, Kate's average variable cost is $4 per meal. Her average total cost is $6 per meal. Since the market is perfectly competitive, Kate should ________.

Answers

Answer:

keep producing in the short run but exit the industry or go out of business in the long run

Explanation:

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

A firm should shut down in the short run if price is less than average variable cost. But since the diner's price is greater than average variable cost, it should continue production.

A firm should exit the industry in the long run if price is less than average total cost. the diner's price is less than average total cost, so it should shut down in the long run

Assume that you plan to buy a share of XYZ stock today and to hold it for 2 years. Your expectations are that you will not receive a dividend at the end of Year 1, but you will receive a dividend of $9.25 at the end of Year 2. In addition, you expect to sell the stock for $150 at the end of Year 2. If your expected rate of return is 16 percent, how much should you be willing to pay for this stock today?

Answers

Answer:

Price to be paid today = $118.35

Explanation:

The price of a share can be calculated using the dividend valuation model  

According to this model the value of share is equal to the sum of the present values of its future cash dividends discounted at the required rate of return.  

The model can applied as follows:

PV of dividend = D×(1+r) ^(-n)

D- dividend , r - required rate , n- number of year

D- 9.25,  r - 16%, n = 2

PV of dividend = 9.25 × (1.16)^(-2)= 6.9

PV of disposal value

PV of dividend = F ×  (1+r) ^(-n)

D- disposal value  , r - required rate , n- number of year

PV of disposal value  = 150 × (1.16)^(-2)= 111.47

Price to be paid today

Total present value  =  6.9  +  111.47  = 118.35

Price to be paid today = $118.35

With the emergence of smartphones, users no longer have to carry a separate music player, a video game, a laptop, or a magazine to keep themselves entertained when traveling. A smartphone is loaded with a variety of applications to satisfy all the customer needs that different industries or products individually satisfied earlier. As a result, the smartphone industry has been posing a threat to a lot of other unrelated industries. What is this phenomenon best known as

Answers

Answer: Industry Convergence

Explanation: Industry Convergence has been boosted by the increased leverage of science and technology to various industries which has seen many industries break from the traditional single market focus and transition in a more robust cross industry focus whereby industries can incorporate several individual product into its production plan thereby providing more value added product and services. Smartphone companies as described above have integrated several single market products such as radio, music player, gaming, internet connectivity, camera and video recording, flash light(torch) and so on. thereby creating a robust and cross-industry product which adds more value and products able to withstand competition.

Cart Co. purchased an office building and the land on which it is located for $750,000 cash and an existing $250,000 mortgage. For realty tax purposes, the property is assessed at $960,000, 60% of which is allocated to the building. At what amount should Cart record the building

Answers

Answer:

$600,000

Explanation:

The computation of the amount to be recorded for the building is shown below:

But first we have to determine the total acquisition cost of land which is as follows

= Cash + mortgage

= $750,000 + $250,000

= $1,000,000

Now it is mentioned that 60% is allocated to the building

So, it would be

= $1,000,000 × 60%

= $600,000

The teams working at Dixon Corp. are allowed to give their suggestions to the top management regarding the workflow and new product designs. The teams are, however, not authorized to make any management decisions and also do not have a say in the kind of projects the company accepts. These teams are an example of a(n) .

Answers

Answer:

employee involvement team

Explanation:

Employee involvement refers to the direct participation of staff by application of their ideas, expertise, and efforts, towards solving problems and in decision making to help their organizations fulfil its mission or meet its objectives. Although the team members are allowed to give suggestions, they are not authorized to make decisions in the managerial capacity.

Some advantages of using employee involvement are:

improved decision making by the organizations

improved attitudes  regarding work

increased employee productivity

increased job satisfaction, because the employees feel like they are being heard.

"Institutional portfolio managers have been allocating an increasing percentage of their funds to common stock positions. This is an indication that their market sentiment is:"

Answers

Answer: Bullish

Explanation:

A Bullish market is characterized by increasing economic output and therefore rising market prices for stocks. The mood in the market is optimistic which will keep the stock prices rising.

Institutional portfolio managers will therefore start allocating and increasing the proportion of their funds in common stock positions to take advantage of this better performing stock market and make a healthy return.

grouper Company has an old factory machine that cost $50,750. The machine has accumulated depreciation of $28,420. Grouper has decided to sell the machine. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) What entry would Grouper make to record the sale of the machine for $25,375 cash

Answers

Answer:

Accumulated depreciation $28,420 (debit)

Cash $25,375 (debit)

Profit and Loss $3,045 (credit)

Cost $50,750 (credit)

Explanation:

For any sale of an Item of Property, Plant and Equipment, the sale must be  accounted as follows :

De-recognize the Accumulated depreciation on the AssetDe-recognize the Cost of the AssetRecognize the Proceeds of the SaleRecognize the Profit or Loss on Sale of the asset (In this case there was a profit)

The market value of Charcoal Corporation's common stock is $20 million, and the market value of its risk-free debt is $5 million. The beta of the company's common stock is 1.25, and the market risk premium is 8%. If the Treasury bill rate is 5%, what is the company's cost of capital

Answers

Answer:

The company's cost of capital will be "13%".

Explanation:

The given values are:

Risk free rate

= 5

Beta

= 1.25

Market risk premium

= 8

Now,

⇒  [tex]cost \ of \ common \ stock=Risk \ free \ rate+Beta\times Market \ risk \ premium[/tex]

On substituting the estimated values, we get

⇒                                    [tex]=5+(1.25\times 8)[/tex]

⇒                                    [tex]=15 \ percent[/tex]

The total value will be:

=  [tex]20 +5[/tex]

=  $[tex]25 \ million[/tex]

As we know,

⇒  [tex]WACC=Respective \ costs\times Respective \ weights[/tex]

⇒              [tex]=(\frac{20}{25}\times15)+(\frac{5}{25}\times 5)[/tex]

⇒              [tex]=12+1[/tex]

⇒              [tex]=13 \ percent[/tex]

Note: % = percent

Attorney represented Baker in a claim involving a breach of Baker's employment contract. The case was settled without suit being filed. The proceeds of the settlement were paid directly to Baker~ who subsequently paid Attorney in full for Attorney's fee and expenses. Thereafter, Attorney did no other work for Baker. Baker is now being audited by the Internal Revenue Service (IRS). The IRS has asked Attorney for details of the settlement, including the amount claimed for each item of damage and the amounts paid for the items. Attorney reported the request to Baker who told Attorney not to provide the information to the IRS. Is it proper for Attorney to furnish the information to the IRS

Answers

Answer:

It is proper for the attorney to furnish the information to the IRS in-order to do a suitable audit on Baker on the tax which he or she is eligible to pay for. Withholding such information would amount to preventing them from doing a detailed job which on the long run would amount to filing false tax claim by Baker.

Explanation:

Cherries on Top, a national ice cream shop, is struggling financially to keep up with the bigger chains. The top executives have decided to close all the stores in the Northeast and Texas, as that will give them an additional one million dollars to put into marketing. This executive is practicing the

Answers

Answer:

utilitarian approach.

Explanation:

Cherries on Top is a national ice cream shop and is struggling financially to keep up with the bigger chains. The top executives have decided to close all the stores in the Northeast and Texas, as that will give them an additional one million dollars to put into marketing. This executive is practicing the utilitarian approach.

Utilitarianism can be defined as an ethical moral theory that offers anyone a relatively direct method for enhancing choices and making decisions about the right course of action for any particular situation.

Basically, the utilitarian approach analyzes and measure an action in terms of its outcome or consequences; by determining the net benefits and costs to all stakeholders of an organization individually.

The main purpose or focus of the utilitarian approach is to achieve the best possible outcome or results for the overall success of the business while creating the least amount of harm, loss, damage or suffering.

Hence, the executive of Cherries on Top is practicing the utilitarian approach.

Other Questions
Brainliest! Jared uses the greatest common factor and the distributive property to rewrite this sum: 100 + 75 Drag one number into each box to show Jared's expression. Brainliest! The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 $48,100 Factory Insurance $4,700 Raw Materials Inventory 6/30/20 39,700 Factory Machinery Depreciation 16,100 Finished Goods Inventory 7/1/19 96,100 Factory Utilities 28,700 Finished Goods Inventory 6/30/20 19,900 Office Utilities Expense 8,550 Work in Process Inventory 7/1/19 19,900 Sales Revenue 555,000 Work in Process Inventory 6/30/20 19,900 Sales Discounts 4,300 Direct Labor 139,350 Plant Managers Salary 61,100 Indirect Labor 24,560 Factory Property Taxes 9,610 Accounts Receivable 27,100 Factory Repairs 1,500 Raw Materials Purchases 96,500 Cash 32,100Required:Prepare an income statement through gross profit. Researchers recorded that a certain bacteria population declined from 450,000 to 900 in 30 hours at this rate of decay how many bacteria will there be in 13 hours suppose we want to choose 6 letters without replacement from 13 distinct letters. A) how many ways can this be done if order does not matter? B) how many ways can this be done if order of choices matters If the rods with diameters and lengths listed below are made of the same material, which will undergo the largest percentage length change given the same applied force along its length?a. d, 3L b. 3d, L c. 2d, 2L d. 4d, L What is the value of the expression below when x = 5 and y = 2?X + 6y Jean Pierre is making a film in the aftermath of World War II in which depictions of spontaneity and personal style were of the utmost importance. What type of film is Jean Pierre most likely making? What is a 27 of the sequence 15, 10,5,...?A.OB. -75c.1/625D. -115 Which is the most correct way of measuring a country 's development WILL GIVE BRAINLIEST PLZ!!! What was the Great Compromise (AKA Connecticut Compromise)? Pamela drove her car 99 kilometers and used 9 liters of fuel. She wants to know how many kilometers (k)left parenthesis, k, right parenthesis she can drive with 12 liters of fuel. She assumes the relationship between kilometers and fuel is proportional.How many kilometers can Pamela drive with 12 liters of fuel? Expansion of (x + 3y)(x - y) gives Rational exponents I need help ASAP!! Can someone solve and explain step by step how to do it??? Midhun uses internet to deposit 1 poinand withdraw money from hisbank. Name this type ofbanking.e-commerceO e-bankingO e-paymentO e-lending Write a recursive function sumSquares(num) that given an integer num, returns the sum of squares of numbers from 1 to num. For example: sumSquares(3) should return 1^2 2^2 3^2 What statement best describes how mathematics was advanced during the Ming Dynasty? Algebra was invented. The value of 0 was explained. The use of the abacus was expanded and refined. Woodblock printing was used for writing numbers. Solve the following system. y = (1/2)x^2 + 2x - 1 and 3x - y = 1 The solutions are (____)and (______ ) (remember to include the commas) Suppose the price level and value of the U.S. Dollar in year 1 are 1 and $1, respectively. Instructions: Round your answers to 2 decimal places. a. If the price level rises to 1.35 in year 2, what is the new value of the dollar? Which sentence is an example of two independent clauses being linked by a semicolon and acoordinating conjunction?Select one:O a. (2) He has found success in many fields, including finance, information technology, andthe culinary arts; but with the publication of his new book, Delacorte can add best-sellingauthor to his long list of accomplishments.O b. (11) The term contemporary fiction covers a broad spectrum of styles and content;however, three recognizable types dominate the marketplace today: personal narratives,commentaries on contemporary values, and generational sagas.O c. (21) To put it another way, allow me to quote Sybil Trent's terse observation in the LondonReview: "Familiarity breeds boredom."O d. (27) The only question that remains is how he will top it.Next page If Eric can paint $3$ cars in $4$ hours and $2$ trucks in $5$ hours, then how long, in hours, would it take him to paint $4$ cars and a truck? Express your answer as a common fraction.