Provide an interpretation of all elements
The analytics gurus at Zevon realize that they had misformulated their demand curves. They now believe that demand for X1 is given by 1000 - 2.25p1, demand for X2 is given by 2000 - 3p2, and demand for X3 is given by 3000 - 3.5p3. This model is entered in Excel and the sensitivity report contains the following:
Constraints
Final Lagrange
Cell Name Value Multiplier
$F$8 Lawyers 5000.00 101.052
$F$9 Guns 9275.74 0
$F$10 Money 9213.49 0
Answer: The only resource that Zevon could use more of is lawyers; the final value is 5000, which exhausts their entire supply. If additional lawyers could be retained for less than $101.05, then Zevon should pursue this possibility. There is no information available as to the range for the validity of this $101.05. The guns resource has only 725 units remaining and the money resource has $5,800 left. When one of those two resources is exhausted, the lawyer Lagrange multiplier will likely not be valid.
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Use this information for questions that refer to the World Tennis Ball (WTB) Company case.World Tennis Ball Co. (WTB) makes tennis balls and sells them only in the United States. Raul Fernandez, the firm's marketing manager, is comparing his firm's distribution with two major competitors.1) WTB sells its products through four regional distributors, who then sell to 22 sporting goods wholesalers. The wholesalers sell to a total of 7,000 retail outlets. From its website, WTB also sells directly to any customer who will purchase a minimum quantity of 24 tennis balls. WTB cooperates with members of its channel but maintains some control through its economic power and leadership. It helps to direct the activities of the whole channel and tries to avoid or resolve channel conflicts.2)
American Tennis Ball (ATB) is a competitor that sells through two distributors-each with half the country. The distributors then sell through six sporting goods wholesalers, and they, in turn, sell to 1,000 retail outlets (split between two national sporting goods chains and two general merchandise stores). ATB and its channel make little effort to work together. However, because of a relatively low level of competition between the distributors, the wholesalers, or the retail stores, each member of the channel gives the product special attention.3) National Tennis Ball (NTB) sells its products through only three tennis specialty wholesalers that sell only to tennis clubs. NTB actually owns the wholesale firms that handle its products. NTB's balls are only available at certain tennis clubs and NTB limits coverage to only one club in a particular geographic area.Which of these companies uses a corporate channel of distribution? A. World Tennis Ball B. American Tennis Ball C. Both World Tennis Ball and National Tennis Ball use a corporate channel. D. National Tennis Ball E. There is not enough information to tell which company uses a corporate channel of distribution.
A merger is defined as a strategy in which one firm purchases controlling interest in another firm.
Answer the following statement true (T) or false (F)
According to auditing standards, accounts receivable confirmations are required to be used in which of the following situations?
a. On every audit engagement. b. If the client agrees in writing to the procedure. c. If the balance is material. d. If environmental risk is low.
Answer the following statements true (T) or false (F)
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