Widget Company Sells Widgets for $20

question 63

Essay

Widget Company sells widgets for $20.00 each.The manufacturing costs, all variable, are $6 each.The company is planning on renting an exhibition booth, for both display and selling purposes, at the annual candy convention.The company's sales manager will earn a vacation bonus if she can earn a target net income of $150,000, for the sales operation at the convention.The convention organizers provide the advertising and guarantee a certain level of traffic, in exchange for 15% of the net income.The 15% surcharge operates like a tax on net income.The company absorbs all of the fixed costs of production for the sales made at the convention.How many widgets does the sales manager have to sell to earn the vacation bonus?

Learn about normative influences on behavior and how they vary across cultures.

Analyze the ethical implications and psychological insights from classic social psychology experiments.

Appreciate the complexity of implicit biases and their measurement.

Understand the evolution of theories on morality and the methods used to assess moral judgment.

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Definitions:

Supply Chain

The network of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and on to its eventual delivery to the end user.

Landfill

A site for the disposal of waste materials by burial and is the oldest form of waste treatment.

Direct Emissions

Emissions of greenhouse gases that are directly produced by a source, such as a factory or vehicle, as part of its operations.

Reporting Entity

A reporting entity refers to any business, organization, or unit that has legal and economic responsibilities to report its financial and operational data.