Suzy's Temporary Employee (STE) business, located in a big city, can do an online criminal background check in-house for $2.71 per search with a fixed cost of $20,000. A third-party online security firm offered to do a similar security search for $8.00 per person with an annual service contract with STE. If STE's forecast is 2,500 searches next year, should STE continue to do the search in-house or accept the third-party offer? Round your answer for the breakeven quantity to the nearest whole number and round your answer for the amount of saving/loss to the nearest dollar. This problem includes break-even calculations.
Breakeven quantity _____________ searches.
Since the demand forecast of 2,500 searches is (higher,less) than the breakeven quantity, STE (should, should not) outsource the work. STE (saves, loses) $ __________ by outsourcing.
by outsourcing.

Answers

Answer 1

7899 searches are needed to break even. STE should (should not) outsource the task because the demand projection of 2,500 searches is (higher,lesser) than the breakeven quantity. By outsourcing, STE makes a $8.9 profit or loss

What is outsourcing?

The practise of employing a third party from outside a corporation to carry out tasks or produce commodities that would typically be done internally by the business's own staff and employees is known as outsourcing. Typically, businesses outsource their work in an effort to reduce costs. A contract for outsourcing involves a company hiring a different company to handle a planned or ongoing task that would otherwise be or might be completed internally, i.e. in-house, and occasionally entails moving assets and workers from one company to another. Human resource management, facility management, supply chain management, accounting, customer support and service, marketing, computer aided design, research, content creation, engineering, diagnostic services, and legal paperwork are a few examples of often outsourced tasks.

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Related Questions

true/false. salespeople are a thing of the past because buyers can learn all they need from the internet. (hint: what can salespeople do for customers that the internet cannot?)

Answers

False. Salespeople continue to play a crucial role in the sales process because they give customers helpful information and support.

Sales refers to the sort of career or the division or department inside an organization, and salespeople are frequently described to "work in sales."

Direct sales to customers are possible, as well as indirect sales to other companies or organizations. Salespeople occasionally conduct in-person transactions, such as those at a dealership or retail location.

Additionally, they frequently conduct sales over the phone or online. In the past, it was typical for some salespeople to go door-to-door and conduct home sales.

A salesperson who must travel for work purposes is referred to as a travelling salesperson.

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Which bank product do you think is right for you? Why?

What are the pros and cons of each and all of the banking products that led you to your choice?

Answers

The bank product that is right for me depends on my individual needs and financial situation. Some of the most common banking products include checking accounts, savings accounts, certificates of deposit (CDs), money market accounts, and high-yield savings accounts.

Checking Accounts: Checking accounts provide convenient access to your funds, allowing you to write checks, use debit cards, and make online payments. The main benefit of a checking account is that it allows you to access your funds quickly and easily. The downside is that checking accounts typically don't earn interest, so they are not the best place to keep your money for long-term savings.

Savings Accounts: Savings accounts are a great option for those looking to save for the long-term. They typically earn more interest than checking accounts and are FDIC insured up to $250,000. The downside to savings accounts is that there are often fees associated with them and the interest rates are often lower than other types of accounts.

Certificates of Deposit (CDs): CDs are a great way to earn a higher rate of return on your money. They are FDIC insured up to $250,000 and are typically a safe and secure way to save for the long-term.

From the late 1940s until the creation of the WTO, the organization that was primarily responsible for conducting rounds of trade negotiations was the Select one O a. GATT. O b. IMF. O c. United Nations O d. World Bank.

Answers

From the late 1940s until the creation of the WTO, the organization that was primarily responsible for conducting rounds of trade negotiations was the GATT.

What is GATT?

Aiming to promote trade by reducing or eliminating trade barriers like tariffs and quotas, the General Agreement on Tariffs and Trade (GATT) is an international agreement. The "substantial reduction of tariffs and other trade barriers and the elimination of privileges, on a reciprocal and mutually beneficial basis" were its stated goals in the preamble. A multilateral trade agreement is the General Agreement on Tariffs and Trade. Nine rounds of international trade discussions took place between 1947 and 1995, and they resulted in updates to the document.

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which of the following provides another example of congress' weakness in regulating big business during this period?

Answers

Sherman Anti-Trust Act provides another example of congress' weakness in regulating big business during this period.

What is Sherman Anti-Trust Act?

A significant U.S. statute known as the Sherman Antitrust Act forbade corporations from banding together or combining to create monopolies. The law, which was passed in 1890, made it illegal for these organisations to dictate, regulate, and manipulate pricing in a certain market.

The legislation controlled interstate trade while fostering economic fairness and competition. The Sherman Antitrust Act was the first attempt by the U.S. Congress to address the use of trusts as a technique that permits a small group of people to dominate a number of important businesses.

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review the file below. how many records are in the file? doe john 1298456 100 eastern oviedo fl franks mary 238576 113 euclid oviedo fl johnson ed 3424556 95a e first sanford fl nelson meg 9843534 8231 western lake mary fl smith zac 7653484 22 n main sanford fl

Answers

This file contains four records, one for each of the following individuals:

Doe John 1298456Franks Mary 238576113Johnson Ed 3424556Nelson Meg 9843534

Developing further on this topic, it is important to note that each of these records contains information about a different individual. This information typically includes their name, address, phone number, and other contact information.

Additionally, the records may include personal details such as date of birth, gender, and other identifying information. With this information, businesses and organizations can use it to identify and contact individuals, as well as perform other operations such as fraud detection.

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5. max prepares a tax return for ali at a vita/tce site. he finds out during the interview that ali has no health insurance. after ali leaves the site, max writes her name and contact information down to take home to his wife who sells health insurance for profit. which of the following statements is true?

Answers

Max has violated VSC because he is using confidential information to engage in financial transaction to further his own or another's personal interest is the true statement.

What is a financial transaction?

Financial transactions are agreements between buyers and sellers to exchange goods, services, or assets for cash. Any transaction involves a change in the economic position of two or more entities or individuals. A financial transaction always involves one or more financial assets, most frequently cash or another expensive item like gold or silver. Financial transactions can take on a variety of shapes and sizes. The most common type of purchases occurs when a consumer is sold a good, service, or other commodity in exchange for money. Cash is used for the bulk of purchases, including cheques, debit cards, and actual money. Another common way to pay is through credit, which enables quick access to funds in exchange for return at a later date.

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the manager of a magazine wants to estimate the percent of magazine subscribers who approve of a new cover format. to gather data, the manager will select a random sample of subscribers. which of the following is the most appropriate interval for the manager to use for such an estimate?

Answers

An estimation of the population proportion for a categorical variable is performed using a zz-interval.

What is population proportion?

A population proportion is a term used to describe a percentage value related to a population in statistics. Most population parameters, including the population proportion, are unknown. To ascertain the true value of a population parameter, a census can be carried out, however it is frequently impractical due to its costs and time commitment. Typically, a population proportion is calculated using an impartial sample statistic from an observational research or experiment. For instance, to estimate the proportion of persons who lack economic literacy, the Countrywide Technological Literacy Conference conducted a national poll of 2,000 adults. The percentage of 72% is based on a sampling.

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ken and traci are two woodworkers who both make tables and chairs. in one month, ken can make 18 tables (and 0 chairs) or 3 chairs (and 0 tables), whereas traci can make 8 tables (and 0 chairs) or 24 chairs (and 0 tables). given this, we know that the opportunity cost of 1 chair is hint: draw the ppfs for both ken and traci. since the question asks about the opportunity cost of chair, we can put chair on the horizontal axis.

Answers

The opportunity cost of one table is 1/6 of a chair for Ken and 1/3 of a chair for Traci.

What is opportunity cost?The "cost" incurred when one foregoes the benefit associated with the best substitute choice is known as opportunity cost.

Ken and Traci are the people in this case.

Ken and Traci can both make either tables or chairs.

Return on Most Profitable Investment Choice - Return on Investment Pursued = Opportunity Cost

Ken

Makes 3 tables or 18 chairs, implying that 6 chairs could have been made for every table made.

6 Chairs = Opportunity Cost (of 1 Table)

Traci

Makes 8 tables or 24 chairs, implying that 3 chairs could have been made for every table made.

The opportunity cost (of one table) = 3 chairs.

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an internal auditor reviews and adapts a systems flowchart to understand the flow of information in the processing of cash receipts. which of the following statements is true regarding the use of such flowcharts? the flowcharts

Answers

A systems flowchart is examined and modified by an internal auditor to help them comprehend the information flow during the processing of cash receipts are a useful guide for possible duty separation.

These flowcharts demonstrate how paper and digital documents are transferred between the various corporate divisions. Analysts may utilise these flowcharts as a powerful tool to grasp, assess, document, and improve a variety of job tasks inside an organisation.

A flowchart is a that shows the different phases of a process in the correct order. It is a versatile tool that may be customised for a wide range of applications and used to represent a variety of processes, including a project plan, an administrative or service procedure, or a manufacturing process. The basic objective of a document is to facilitate communication between its author and its audience.

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To better understand how husbands and wives feel about their finances, Money Magazine conducted a national poll of married adults age and older with household incomes of or more (Money Magazine website, December , ). Consider the following example set of responses to the question, “Who is better at getting deals?”

Answers

As we are required to construct the Joint Probability Table, it is important we understand that joint probability distribution represents a probability distribution for two or more random variables.

What is joint probability?

The joint probability distribution is the corresponding probability distribution on all possible pairs of outputs for two random variables defined on the same probability space. For any given number of random variables, the joint distribution can be considered.

The table for joint probability is shown below,

                                        Who Is Better?

Respondent      I Am        My Spouse     We Are Equal

Husband           278             127                     102

Wife                   290            111                       102

The joint probability table displays the same data as proportions. As a result, we must divide each table number by the total number of people in the set of responses.

Number of responses:

= 278 + 127 + 102 + 290 + 111 + 102

= 1,010.

Calculate each proportion:

278/1,010 = 0.275

127/1,010 = 0.126

102/1,010 = 0.101

290/1,010 = 0.287

111/1,010 = 0.110

102/1,010 = 0.101

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The question is incomplete, but most probably the full question was:

" Who is better at getting deals?" Who Is Better? Respondent I Am My Spouse We Are Equal Husband 278 127 102Wife 290 111 102  Develop a joint probability table and use it to answer the following questions."

which of the following are potential uses for profiles on social networking platforms found in businesses?

Answers

Gathering of information and current status are potential uses for profiles on social networking platforms found in businesses.

What is social networking platforms?

A social networking service, often known as an SNS or social networking site, is an online platform that allows users to create social networks or interactions with others who have similar interests, backgrounds, or real-world connections. Social networking services are available in a wide range of features and formats. They may operate on desktops, laptops, mobile devices including tablets and smartphones, and a variety of new information and communication technologies. Applications that run on the Internet include social networking services.

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T/F the primary purpose of managerial accounting is to prepare financial statements in accordance with a reporting framework (e.g. gaap).

Answers

The primary purpose of managerial accounting is to prepare financial statements in accordance with a reporting framework - False

Giving internal stakeholders, such as managers and staff, information for planning and decision-making is the main goal of managerial accounting. This information may not be in conformity with a specified reporting system and is frequently not disclosed to external stakeholders, such as investors and creditors. The main goal of managerial accounting is to gather and evaluate data that can be used to run a firm.

This covers performance assessment, product pricing, cost analysis, and budgeting. The objective is to assist managers in making well-informed decisions and to increase the effectiveness and efficiency of operations. By creating financial statements that follow a standardised reporting structure, such as Generally Accepted Accounting Principles, financial accounting, in contrast, is primarily focused on giving information to external stakeholders.

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