Business, 09.07.2019 20:20 mxrvin1350
Cpt inc. is a local manufacturer of conveyor systems. last year, cpt sold over $2 million worth of conveyor systems that netted the company $100,000 in profits. raw materials and labor are cpt’s biggest expenses. spending on structural steel alone amounted to over $500,000, or 25 percent of total sales. in an effort to reduce costs, cpt now uses an online procurement procedure that is best described as a first-price, sealed-bid auction. the bidders in these auctions utilize the steel for a wide variety of purposes, ranging from art to skyscrapers. this suggests that bidders value the steel independently, although it is perceived that bidder valuations are evenly distributed between $4,000 and $22,000. you are the purchasing manager at cpt and are bidding on three tons of six-inch hot-rolled channel steel against 6 other bidders. your company values the three tons of channel steel at $11,000. what is your optimal bid? instruction: enter your response rounded to the nearest penny (two decimal places).
Answers: 1
Business, 22.06.2019 09:30
Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.
Answers: 1
Business, 22.06.2019 11:00
Acompany that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified
Answers: 3
Business, 22.06.2019 11:50
What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.
Answers: 2
Cpt inc. is a local manufacturer of conveyor systems. last year, cpt sold over $2 million worth of c...
Health, 05.12.2021 19:10
History, 05.12.2021 19:10
Mathematics, 05.12.2021 19:10
Mathematics, 05.12.2021 19:10
English, 05.12.2021 19:10
History, 05.12.2021 19:10
Mathematics, 05.12.2021 19:10
Mathematics, 05.12.2021 19:10
Arts, 05.12.2021 19:20