Since you are the Head of Procurement for Nam Diaries, the Head of Sales gives you a sales contract for shipment of goods to one of the European client. The head of sales has made minor adjustments to the contract. In order to help him understand the implication of the changes, identify the point where risk is transferred, who is responsible for the costs and also the delivery place regarding the adjustments below: b) Change of using incoterm CIF to CFR

Since you are the Head of Procurement for Nam Diaries, the Head of Sales gives you a sales contract for shipment of goods to one of the European client. The head of sales has made minor adjustments to the contract. In order to help him understand the implication of the changes, identify the point where risk is transferred, who is responsible for the costs and also the delivery place regarding the adjustments below: b) Change of using incoterm CIF to CFR

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter1: Introduction: What This Book Is About

Section: Chapter Questions

Problem 1.1IP

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Which of the following is FALSE regarding scenario and sensitivity analysis? Scenario analysis considers a best case (within reason) and worst case (within reason) scenario, along with a base case. Scenario analysis focuses on stand-alone risk, since it doesnt;s consider the project as a part of the larger firm. Sensitivity analysis considers that the project is one part of a larger firm Sensitivity analysis shows how changes in a single variable affects NPV or IRR Scenario analysis assumes all variables take their worst (reasonable) values simultaneously, and best (reasonable) values simultaneously.
In the case of a business with more than one product, a. it cannot use CVP analysis as such would be possible only if there is a single product. b. it can earn a higher-than-expected profit even if the total units sold was less than expectation. c. each of the products must use a separate CVP analysis. d. it can use CVP analysis only if the contribution margin percentages on each product are the same.
While spending the weekend in New York City, Raphael, Susan, and their son, Alex, are lucky enough to hail the Cash Cab for their taxi ride. During their ride, they win $200 for correct answers and receive only one strike for a wrong answer, so at the end of the ride they are eligible for the video bonus question. Their vacation budget before entering the cab was $400, and based on their understanding of the type of bonus question they’ll be asked, they believe they have a 80% chance of getting the question right. As explained in the article, if they answer the video bonus question correctly, they will double their winnings, but if they miss the video bonus question, they will lose all of what they had previously won. Alternatively, they can choose not to play for the bonus and walk away with their winnings from the cab ride. The following graph shows the cab riders’ utility as a function of their total vacation budget. For simplicity, assume that all three passengers have the same…
It is well established that indoor air quality (IAQ) has a significant effect on general health and productivity of employees at a workplace. A study showed that enhancing IAQ by increasing the building ventilation from 5 cfm (cubic feet per minute) to 20 cfm increased the productivity by 0.25 percent, valued at $90 per person per year, and decreased the respiratory illnesses by 10 percent for an average annual savings of $39 per person while increasing the annual energy consumption by $6 and the equipment cost by about $4 per person per year (ASHRAE Journal, December 1998). For a workplace with 120 employees, determine the net monetary benefit of installing an enhanced IAQ system to the employer per year.
The management of First American Bank was concerned about the potential loss that might occur in the event of a physical catastrophe such as a power failure or a fire. The bank estimated that the loss from one of these incidents could be as much as $100 million, including losses due to interrupted service and customer relations. One project the bank is considering is the installation of an emergency power generator at its operations headquarters. The cost of the emergency generator is $800,000, and if it is installed, no losses from this type of incident will be incurred. However, if the generator is not installed, there is a 10% chance that a power outage will occur during the next year. If there is an outage, there is a .05 probability that the resulting losses will be very large, or approximately $80 million in lost earnings. Alternatively, it is estimated that there is a .95 probability of only slight losses of around $1 million. Using decision tree analysis, determine whether the…
Please provide me with the correct answer, complete with a detailed explanation and calculations; otherwise, I will give multiple downvotes.Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
Please give me correct answer with calculation and full explanation otherwise i give down vote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
True or false Q1. A. Asia has over 1,000 local languages; however, English is spoken by most hotels and attractions' staff. B. After the completion of a meeting in Latin America, planners have 30-60 days to send a wire transfer for the balance on the master bill C. The political and economic environment may be unstable throughout Africa and should be researched carefully. D. Most Middle Eastern destinations will allow travelers to obtain a visa upon arrival. E. Most North American properties are considered "meeting friendly", but that is not the case for European or Middle Eastern facilities.
Global passenger traffic demand was down by 58.4 per cent over pre-pandemic 2019 levels with the Omicron variant of Covid-19 hindering recovery, according to full-year results for 2021 released by the International Air Transport Association (IATA). IATA said 2021 results were however an improvement compared to 2020 when full-year RPKs (revenue passenger kilometres or RPKs) were down 65.8 per cent against 2019. IATA expects the January-February period to be weaker due to Omicron travel restrictions, which slowed the recovery in international demand by about two weeks in December. More specifically, – international passenger demand in 2021 was 75.5 per cent below 2019 levels – capacity fell by 65.3 per cent – load factor dropped by 24.0 percentage points to 58.0 per cent – domestic demand was down 28.2 per cent compared to 2019 – domestic capacity shrunk by 19.2 per cent – domestic load factor dropped 9.3 percentage points to 74.3 per cent. Looking at December 2021, total…
The city of cebu has recorded one of the highest cases of the Covid 19 virus. This has greatly affected the image of cebu as a major tourist destination in the country. Develop a 3 point post Covid 19 tourism recovery plan for Cebu City.
Total revenue minus total cost is equal to: Question 24 options: A) dividends. B) liabilities. C) retained earnings. D) profit.
Reactors `R’ Us operates a nuclear power plant in Potsdam.In the event of reactor failure, there would be major damages to the North Country. The company can reduce the probability of failure through proper maintenance of the facility. The marginal cost of maintenance is increasing in the amount of maintenance done (and thus decreasing in the probability of an accident). We can write this marginal cost curve as MAC=2-10p (where 0<p<1, and represents the probability of a failure over a 50 year period). The marginal expected damages are an increasing function of the probability of an accident so that MD=2.2+10p. Provide a graph or graphs to illustrate your analysis/answers to the following questions. A. What is the efficient probability of reactor failure? B. If “Reactors ‘R’ Us” thinks that, in the event of reactor failure, they will NOT be found liable for damages, what probability of failure will they choose? C. If “Reactors ‘R’ Us” thinks that, in the…