User Account

All Pages

Hand embellished wedding shoes

Assignment Help Business Management
Reference no: EM131704447

Cathy started her own line of custom made, hand embellished wedding shoes. She opened up her own shop and paid $2500 in fixed licensing fees. She used about $3000 in raw materials and made $3500. At the end of the first month, Carly, her sister looked at her financials and told her that she was losing money and should shut down. Cathy is heartbroken. As an economics guru, what would you advise her to do and why?

Prescott Pharmaceuticals makes a number of generic versions of drugs. When Cymbalta (Duloxetine) lost its patent, Prescott invested $500,000 to obtain FDA approval and $100,000 to certify one of its production lines for its production. Construction of the production line for the drug will cost $2,000,000. Marginal costs for the tablet are $0.10 and they sell for $0.40 per tablet. But many firms have entered and now make Duloxetine causing sales to fall off. Prescott anticipates that it could use this production line for other drugs losing patent protection shortly. If forecasted sales are 5 million tablets, what is the breakeven price? Should Prescott discontinue selling this product?

Reference no: EM131704447

Questions Cloud

Journal entries to record investment transactions : A hospital purchased 100 shares of stock on June 30, 2011, for $3,100, using its unrestricted resources. On December 31, 2011, the date of its financial.
Explain spanning cell in table element in html : Explain Spanning Cell in Table element in HTML. Write the HTML code to use action in form tag use submit button using form submitting first name and last name.
Quality-inventory-ethics and supply chain visibility : Discuss each of the following factors in relation to this case: quality, inventory, ethics, supply chain visibility, profitability, and customer loyalty.
Define quality service : In your own words, define quality service. How can you strive for quality service on a personal level?
Hand embellished wedding shoes : Cathy started her own line of custom made, hand embellished wedding shoes. She opened up her own shop and paid $2500 in fixed licensing fees.
Examine the major benefits for an organization to use ssds : Use the Internet to research the benefits and hazards to organizations that use SSD storage devices. Examine the major benefits for an organization to use SSDs.
Recording a hospital expenses by natural classification : Illustrate the difference between recording a hospital's expenses by natural classification and recording by function. Discuss which is more informative.
Illustrates when a manager should approach a decision : Take a position on whether or not managerial groups within a large organization are more likely to make better decisions than individual managers.
Limit to per capita gdp : If natural resources are ultimately finite, does this imply that there is a limit to per capita GDP? Explain. Provide any references used.

Reviews

Write a Review

Business Management Questions & Answers

  Supply management topic

Doing a paper  Business news or journal article. Choose an article that addresses an Ethics in Purchasing and/or Supply Management topic. Within the context of Project Procurement and Contract Management, prepare a three page double-spaced typewritte..

  Describe the-two state model

Describe the-two state model for credit ratings under the real world measure.

  How financial plan related to a companys strategic plan

How is the financial plan and budget related to a company's strategic plan? - How do the various functional departments of an organization use financial planning?

  Pump for labor induction

The doctor orders a Pitocin infusion at 10 milliunits per minute (mU/min) via IV pump for labor induction. Available is Pitocin 20 units in 1000 milliliters of Lactated Ringers. Using an IV pump how many milliliters per hour should the IVP infuse..

  Explain how both positive and negative consumer attitudes

Explain how both positive and negative consumer attitudes toward a brand like Porsche develop. Explain how might Porsche change consumer attitudes towards the brand?

  Manager of a multimillion-dollar service organization

As the new human resource manager of a multimillion-dollar service organization, you have been provided with a job description for new responsibilities.

  What is the supply chain for your prospective organization

What is the supply chain for your prospective organization as well as where does your organization bring value in this supply chain?

  Define the term feedback

Class, define the term feedback. Why is feedback essential for problem solving in any system? Please provide an example of feedback in a TQM context.

  Analysis of a quality improvement program

This week the Final Project is designed to give you an opportunity to analyze a quality improvement program. You will analyze data related to benchmarks and national standards and suggest two goals for initiatives that address any deficiencies/opp..

  Positive and negatives aspects of offshoringsummarize the

positive and negatives aspects of offshoringsummarize the positive and negative aspects of offshoring and state whether

  Market fail in the presence of an externality

Why does the market fail in the presence of an externality.

  Statement analysis and operational analysis

What is the primary difference between financial statement analysis and operational analysis?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd