Also, my commission rate doubles after I meet my quota for the year. The benefits include comprehensive health care insurance, 401K, and a stock purchase plan. The financial compensation is very competitive in the media sales within media sales in Chicago. An example would be an outdoor advertising company in the market is 100% commission with a 4.5% rate. An outdoor media Account Executive could very easily generate double the revenue, and not make the same as Account Executive with Comcast Spotlight.
Specialty paint stores are able to control a larger portion of the market in nonmetropolitan areas, which makes this an attractive region for paint companies with premium products. Customers 50 percent of architectural coatings dollar sales come from do-it-yourself (DIY) painters. Professional painter purchases account for 25 percent of dollar sales. The other 25 percent of dollar sales is attributed to government, export, and contractor sales. DIY painters view paint as a commodity.
Because the Kendrick’s estimated cost for the job was $714 per hour, it can expect $17,850 cost saving for the job with a set of CMI’s pads. If we reflect this economic value to previous $3,000, the Kendrick’s total WTP would be $20,850 per set, and $3,475 per pad. After considering the profit margin for distributors (40%), we can charge $2,482 per pad as a maximum price. However, Sanwal felt the 33% faster speed and 20 times longer life are unusual results, and he believed that the 20% faster speed and 10 times longer life would be more reasonable. When I reflect these conservative conditions, CMI’s can charge $1,595 per pad as a maximum price.
The Automotive Fleet article indicates that the Nissan Fleet Incentive will save companies $500. On each new vehicle. If MobilePubs can wait until July to purchase the new vehicles, further savings may be realized, as car dealers will be offering incentives to clear out the 2016 models to make way for the 2017 models. By employing a fleet of 21 hybrid SUV delivery vehicles, MobilePubs will realize savings of $22,869.00 per year (vs. a fleet of 21 Ford F-150 trucks). Thank you for the opportunity to prepare this recommendation report.
These two expenses are usually higher than the standard deduction. Therefore, an a homeowner would benefit the most by itemizing his real estate expenses. A recent purchased $550,000 house in Anaheim has a monthly mortgage payment of at least 2000 dollars. The first year about 90 percent of the mortgage would be interest (20,000x12x.90) 21600, and property taxes of $1900 dollars. So, an individual would deduct $ 23,500 dollars in itemized deductions which better that deducting 6200 single standard deduction or 12,400 married filing jointly standard deduction.
The United States would have the absolute advantage in trucks because it is overall better at producing them. If Germany and the United States allocates their resources evenly to both cars and trucks their output would be: Cars= 15+15=30, Trucks=12+3=15, therefore the world output would be 45 total units. c) Labor theory of value a. Labor theory of value is a theory created by Karl Marx that says the value of a commodity is decisive by the labor that is originated. This theory was made possible because of capitalists getting richer by severely under compensating their workers and charging customers higher prices.
The pricing strategy or pricing policy is one of the most important managers make for a product as it affects the profitable outcome and competitiveness that a product may make. (Toni, 2017). A business can use a variety of pricing strategies when selling a product or service. The price can be set to maximize profitability for each unit sold or from the market overall. It can also be used to defend an existing market from new entrants, to increase market share within a market or to enter a new market by dropping the price or offering more benefits with the device such as packages.
It notes that stiff competition can reduce the potential profit of like companies. Firms must determine the strategy that will be utilized to gain and maintain the upper hand in the industry, as it relates to price, marketing, competition and the introduction of new and innovative products into the market. The more a company senses competition the intensity of its strategy may increase as it does not only respond to other firms, but also to the industry as a whole. It is natural for firms to respond to competitive moves made by its rival as it will have an effect albeit positive or negative on the industry. Firms may be forced to supply the demands for cheaper but more reliable products or to create differentiated products to maintain the competitive
MANAGERIAL ECONIMICS ASSIGNMENT SUBMITTED TO PROFESSOR AMIT SHARMA Answer 1 (a) Accounting costs are the actual outflows or expenses incurred by a firm which are recorded in its accounting statements. So in this case the accounting costs will be $200000. (b) Opportunity cost is the cost associated with choosing one alternative in place of the other we can also say that opportunity cost is the cost of making a decision. So in this case the opportunity cost is $35000 (c) In order to make positive accounting profits she should earn more than $200000 per annum. And more than $235000 per annum to earn positive economic profits.