Answer:
are never final, as managing strategy is an on-going, dynamic process.
Explanation:
In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.
Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan. The components of a business strategy includes the following;
I. Value.
II. Vision.
III. Mission.
Hence, a company's direction, objectives, and strategy are never final because managing strategy is a continuum or an on-going, dynamic process. Thus, it's never a now and then task.
purchased heavy equipment by giving the seller a $30,000 cash down payment and a 5-year interest-bearing note for the $170,000 balance of the price. Compute Pettit's book basis and tax basis in the equipment
Answer: $200,000
Explanation:
The book and tax basis will be the same in this instance because the equipment was purchased newly.
The book and tax basis will be the price of the equipment:
Price = Cash down payment + Present value of interest bearing note
= 30,000 + 170,000
= $200,000
Book and Tax basis is therefore $200,000
The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $278,670 Gross profit 162,460 Cost of goods manufactured 139,340 Indirect labor 60,470 Factory depreciation 9,200 Materials purchased 85,830 Total manufacturing costs for the period 160,240 Materials inventory, ending 11,430Using the above information, determine the following missing amounts a. Cost of goods sold b. Finished goods inventory at the end of the month c. Direct materials cost d. Direct labor cost e. Work in process inventory at the end of the month
Answer:
a. Cost of Goods sold:
= Sales - Gross profit
= 278,670 - 162,460
= $116,210
b. Finished goods:
= Cost of Goods manufactured - Cost of goods sold
= 139,340 - 116,210
= $23,130
c. Direct materials cost
= Materials purchased - Ending materials inventory
= 85,830 - 11,430
= $74,400
d. Direct labor cost:
= Manufacturing costs - Direct materials cost - Factory overheads
= 160,240 - 74,400 - (Indirect labor + Depreciation)
= 160,240 - 74,400 - (60,470 + 9,200)
= $16,170
e. Work in process:
= Manufacturing costs - Cost of Goods manufactured
= 160,240 - 139,340
= $20,900
10 percent decrease in consumer incomes leads to a 20 percent decrease in the quantity demanded of good D. Instructions: Round your answer to one decimal place. If you are entering a negative number be sure to include a negative sign (-) in front of that number. The income elasticity of this good is: . This good can best be described as (Click to select) .
Answer:
Income elasticity = 2
Normal good
Explanation:
Below is the given values:
Percentage decrease in consumers income = 10%
Percentage decrease in quantity demanded = 20%
Use the below formula to find the income elasticity:
Income elasticity = % change in quantity demanded / % in income
Income elasticity = -20/-10
Income elasticity = 2
Since the elasticity is 2 that means good is normal good.
You are considering purchasing a bond with 18 years to maturity, a $1,000 face value and a 5% coupon rate with interest paid semiannually. Interest rates on bonds in this risk class have dropped to 3% and you expect that this bond will be called in 3 years. The current price of the bond is $1,075.00. Assuming you would be paid one year's worth of interest as a premium if the bond is called, what is the yield to call on this bond?
a. 5.43%.
b. 3.91%.
c. 0 2.93%.
d. 1.86%.
Answer:
b. 3.91%.
Explanation:
The computation of the yield to call is given below
Given that
NPER = 3× 2 = 6
PMT = $1,000 × 5% ×1 ÷2 = $25
PV = $1,075
FV = $1,000 + $50 = $1,050
The formula is given below:
=RATE(NPER,PMT,-PV,FV,TYPE)
After applying the above formula, the yield to call is
= 1.9565% × 2
= 3.91%
Sal is very clear in defining for his subordinates the incentives available to them for different levels of performance. He makes sure they understand the path toward receiving incentives and follows through on rewarding them when they meet those goals. Sal exhibits the _______ theory of leadership.
Answer: d. path–goal
Explanation:
The Path-goal theory of leadership espouses that leaders should be dynamic and use whichever leadership style would be best suited to the abilities of their subordinates and the work environment that they are in.
It is then divided into four styles with the relevant style here being the "directive path-goal clarifying leader behavior". Under this style, the manager specifies exactly what it is that they want from the employees and then rewards them when they meet the required objectives.
The theory of leadership that Sal was exhibiting when he was defining some incentive that can make them perform well and explain the path to follow so as to receive the incentive when they achieve their goal is The path-goal theory.
The path-goal theory can be regarded as one that focus on leader's behavior which serves as contingent to the satisfaction that influence the motivation and performance of their employees. Good example us where Sal promise her employee about incentive once they achieve their goals.Therefore, The path-goal theory is correct.
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Janet and Megan are debating the use of student discounts by local stores near school. Janet argues, "When stores offer discounts to students with valid identification, it is price discrimination, because they are attempting to separate the market into two groups—each with different demands for that particular good." Megan responds with, "This is not a form of price discrimination, because there is no age restriction for students. Economists generally agree with :
a. Dina
b. Antonio
Answer:
Antonio
Explanation:
In simple words, Antonio has a lot of support among economists. Price discrimination occurs when a vendor is able to split clients into groupings or segregate a marketplace into two categories so that they may charge varying charges to that same two groups. It has hardly anything to deal with the customers' age.
Thus, Antonio is correct with his views.
Rosie is an employee of Social Media Company. At the end of a successful unionization campaign, Tech Workers Union is certified as the employees’ bargaining representative. Rosie refuses to join the union. For this refusal, under the National Labor Relations Act, the union can force the company to
Answer: d. none of the choices.
Explanation:
Joining a union is a voluntary act which means that if a person decides not to join one, not much can be done about it by the Union.
The Union cannot compel the company to discharge or fire the employee, neither can they encourage them to deny the employee a promotion or discriminate against the employee in their employment of the employee.
The main disadvantage of not being in a trade union is that they will not represent you in disputes against the company.
The CEO said, "Around every six months, my upper management team and I meet to review the goals that will be achieved over the next year, five years, and beyond. We then make sure we are clear on who will take responsibility to see that appropriate actions are undertaken to achieve our goals within the time frame we set." The CEO is describing the management function of
Answer: Planning
Explanation:
From the information given, the CEO is describing the management function of planning.
Planning refers to the organization of activities which are required to achieve a particular goal. Planning is concerned with the determination of the missions and the resources which will be used in achieving a goal and working towards it's achievement.
Based on the question, the management is creating a detailed action plan that is aimed at an organizational goal.
P Company owns 90% of the outstanding common stock of S Company. On January 1, 2015, S Company sold land to P Company for $578,000. S Company originally purchased the land for $427,400. On January 1, 2016, P Company sold the land purchased from S Company to a company outside the affiliated group for $676,100. Calculate the amount of gain on the sale of the land that is recognized on the books of P Company in 2016.
Answer: $98,100
Explanation:
Gain on the sale of the land would be the difference between the amount the land was sold for to the outside entity and the amount that P Company purchased it at.
= Selling price to outside group - Price purchased from S Company
= 676,100 - 578,000
= $98,100
Burt is strategizing and planning an IMC marketing campaign for the company where he is employed as marketing specialist. If he is to execute an effective IMC campaign, which aspects should he consider
Answer:
Incorporate the manufacturing process steps of the service into your planning and design process. A further explanation is provided below.
Explanation:
Burt would have had to take into account the possible throughout the development process of the marketing campaign when trying to execute an integrated Communication IMC program.An essential component of conducting a successful IMC campaign requires determining the phase including its project lifecycle.Thus the above is the right answer.
Wayland Company has a standard of 5.0 hours of labor per unit, at $11.00 per hour. In producing 800 units, Wayland used 3,800 hours of labor at a total cost of $41,000. What is Wayland's labor price variance
Answer:
Direct labor rate variance= $798 favorable
Explanation:
To calculate the direct labor rate variance, we need to use the following formula:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (11 - 10.79)*3,800
Direct labor rate variance= $798 favorable
Actual rate= 41,000 / 3,800= $10.79
Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Credit asks the court to order the seizure of Brewery’s property. This is a request for
Answer:
mechanic's lien
Explanation:
From the question we are informed about how Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Credit asks the court to order the seizure of Brewery’s property. In this case, This is a request for mechanic's lien.
Mechanic's lien can be regarded as security interest as regards title of a particular property, this is for the gains of everyone that are involved in supplier of labor as well as materials for the improvement of the property. The lien covers the real property as well as personal property. Mechanic's lien can be regarded as guarantee of payment for contractors as well as construction firms that are involved in building or repairing of structures.
What routine do the workers of the Party go through each day, which is a great example of herd-poisoning
Question is incomplete but here's what herd poisoning means so you could relate it
Answer and Explanation:
Herd poisoning occurs when an individual loses his sense of self amidst the crowd. The individual is like an ant following in the order of the whole group. There is less reasoning individually and more of what the group decides. Herd poisoning is like an intoxifying excitement and power that a person experiences by associating or giving away his sense of individuality and reasoning to the crowd. For this person, it is no longer about him but the group as a whole and whatever actions or reasoning are handled by the group together. It is a sort of negative mob mentality.
The following relates to a proposed equipment purchase: Cost $ 157,000 Salvage value $ 5,000 Estimated useful life 4 years Annual net cash flows $ 52,600 Depreciation method Straight-line Ignoring income taxes, the annual net income amount used to calculate the accounting rate of return is
Answer:
$14,850
Explanation:
Depreciable amount = $158,000 - $5,000 = $153,000
Annual depreciation = $38,250
Annual net income = $53,100 - $38,250 = $14,850.
Therefore, the annual net income amount used to calculate the accounting rate of return is $14,850
If Modern Company received $3,650 from Connor Young Company on March 12 for the total amount of an account which had been written off on March 1, the entry to reinstate the account under the allowance method would include
Answer:
Please post the full question together next time.
If Modern Company received $3,650 from Connor Young Company on March 12 for the total amount of an account that had been written off on March 1, the entry to reinstate the account under the direct write-off method would include:______.
a. a debit to Allowance for Doubtful Accounts of $3,650.
b. is the same as it would be under the allowance method.
c. includes a credit to Bad Debt Expense of $3,650.
d. includes a credit to Cash of $3,650.
Explanation:
Under the direct write-off method ,
the journal entry is Bad debt expense A/c Dr XXXXX
To Account receivable A/c XXXXX
(Being the bad debt expense is recorded)
For recording this journal entry, we Debited the bad debt expense and credited the account receivable
This is the answer. Hence, all the given options are incorrect
A moving average of stock prices _________________.A. always lies above the most recent priceB. always lies below the most recent priceC. is less volatile than the actual pricesD. is more volatile than the actual prices
Answer:
The correct option is C. is less volatile than the actual prices.
Explanation:
A moving average is a data-analysis approach that calculates the averages of distinct subsets of the complete data set. The purpose of determining a stock's moving average is to smooth out price data by creating an average price that is constantly updated.
Therefore, the moving average reduces the impact of random, short-term fluctuations on the price of a stock over a given time frame. This makes the moving average of stock prices be less volatile than the actual prices.
Therefore, the correct option is C. is less volatile than the actual prices.
Brockton Corporation, which allocates manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations.
Actual manufacturing overhead costs incurred $35,000
Manufacturing overhead allocated to jobs 33,800
Underallocated or overallocated Manufacturing overhead ?
Required:
Calculate the manufacturing overhead and indicate if the remainder is underallocated or overallocated for the year.
Answer:
Underapplied overhead= $1,200
Explanation:
Giving the following information:
Actual manufacturing overhead costs incurred $35,000
Manufacturing overhead allocated to jobs 33,800
To calculate the under/over allocation, we need to use the following formula:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 35,000 - 33,800
Underapplied overhead= $1,200
Tinker Company reported sales revenue of $500,000 and total expenses of $450,000 (including depreciation) for the year ended December 31, 2010. During 2010, accounts receivable decreased by $5,000, merchandise inventory increased by $4,000, accounts payable increased by $6,000, and depreciation expense of $10,000 was recorded. Assuming no other data is needed and using the indirect method, the net cash inflow from operating activities for 2010 was:
Answer:
Net Cash inflow from operating activities $67,000
Explanation:
The computation of the net cash flow from operating activities is shown below:
Net Income ($500,000 - $450,000) $50,000
Add: Depreciation $10,000
Add: Decrease in account receivable $5,000
Less: Increase in inventory ($4,000)
Add: Increase in account payable $6,000
Net Cash inflow from operating activities $67,000
Abraham told Linda that if she did not sign over her stock options to him he would inflict bodily harm on her and her family. Linda quickly signs over all of her stock options. This is known as _______.
a. negligence
b. coercion
c. manipulation
d. duress
e. breach of duty
Answer:
d) Duress
Explanation:
From the question we are informed about Abraham who told Linda that if she did not sign over her stock options to him he would inflict bodily harm on her and her family. Linda quickly signs over all of her stock options. This is known as Duress.
Duress can be regarded as an act which involves the use of force, psychological pressure as well as
coercion and threats or other means to make sure that someone act against his or her wishes. Whenever an individual act under duress, then their act is not from their own free will and this is treatable just accordingly when it comes to court proceedings.
Assume you are manager of the Outback Steakhouse, a franchised restaurant that has opened at new location in St. Louis. Describe which segmentation base(s) and possible segmentation variable(s) you would use to segment its market and explain why each supports the appropriate market segmentation strategy.
Answer:
Market segmentation consists of a strategy to better identify consumers based on common characteristics, that is, divide the market into clusters, so that there is a better targeting of the company's marketing strategies.
In the case of opening an Outback Steakhouse franchise in St. Louis, the bases of segmentation and possible appropriate segmentation variables could be geographical, to better understand the region of the city and surroundings, demographic to understand the characteristics of consumers and form the target audience and behavioral to understand the habits, tastes and preferences of your potential audience, and thus gather important information from that region and align the company's strategy to meet the specific desires and needs of consumers.
The market shares of the top five firms in the dishware industry are 18%, 32%, 11%, 14%, and 8%. What is the four-firm concentration ratio for the dishware industry
Answer:
75%
Explanation:
Calculation to determine the four-firm concentration ratio for the dishware industry
Four-firm concentration ratio =18%+32%+11%+14%
Four-firm concentration ratio=75%
Therefore the four-firm concentration ratio for the dishware industry is 75%
Triathlon Cycles specializes in producing touring bicycles but has recently Activity Cost pool Mountain Bicycle Touring Bicycle Direct materials per unit $1,000 $2,200 Total direct labor cost $300 $700 Total manufacturing overhead $75,000 $180,000 Number of units 200 units 400 units1. What is the manufacturing overhead allocated to each mountain bicycle?2. What is the total manufacturing costs of one touring bicycle?
Answer:
$375 per mountain bicycle $3,350 per touring bicycleExplanation:
1. Manufacturing overhead of each mountain bicycle:
= Total manufacturing overheads for mountain bicycles / Number of units
= 75,000 / 200
= $375 per mountain bicycle
2. Manufacturing costs of one touring bicycle
= Direct labor + Direct material + Manufacturing overhead per touring bicycle
= 700 + 2,200 + (180,000 / 400 units of touring bicycles)
= 700 + 2,200 + 450
= $3,350
If one U.S. dollar was worth 1.22 Canadian dollars when Sal went to a debate tournament in Toronto, and he had $300 in U.S. currency as spending money, how much was his money worth in Canadian dollars?
Answer:
366
Explanation:
300 x 1.22
During 2021, Raines Umbrella Corporation had sales of $772,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $465,000, $104,500, and $150,000, respectively. In addition, the company had an interest expense of $74,400 and a tax rate of 25 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible). Suppose Raines Umbrella Corp. paid out $102,000 in cash dividends. Is this possible? If spending on net fixed assets and net working capital was zero, and if no new stock was issued during the year, what is the net new long-term debt?
Answer:
Paying out $102,000 in cash dividends is possible
Net new long-term debt $26,100
Explanation:
Calculation to determine the net new long-term debt
Sales $772,000
Less Cost of goods sold $465,000
Gross profit $307,000
($772,000-$465,000)
Administrative and selling expenses $104,500
Depreciation expenses $150,000
Earning before interest tax $52,500
($307,000-$104,500-$150,000)
Interest expense $74,400
Profit or Loss before tax ($21,900)
($52,500-$74,400)
Less Tax 25% $0
Add Depreciation expense $150,000
Net Cash flow $128,100
(-$21,900+$150,000)
Dividend $102,000
Net new long-term debt $26,100
($128,100-$102,000)
Therefore Based on the above calculation Paying out $102,000 in CASH DIVIDENDS is possible even though the Net income is Negative, its operating cash flow is $128,100 positive which means that the company has enough cash balance to pay dividends of $102,000. The Net new long-term debt is $26,100
he primary functions of management are... Group of answer choices Producing change and movement Producing a creative vision Producing positive leadership outcomes Producing order and consistency PreviousNext
Answer:
Producing order and consistency
Explanation:
Management involves the control, planning and organization of the affairs of a business firm.
Basically, the management of an organization is saddled with the responsibility of planning, organizing, controlling and staffing within the organization.
Hence, we can safely deduce that the primary functions of management are producing order and consistency within an organization, so as to meet their set goals, aims and objectives.
This ultimately implies that, the management of a business firm or an organization's with respect to its direction, objectives, and strategy are never final because an effective management strategy is a continuum or an on-going, dynamic process. Thus, it is never a now and then task.
A survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater. What is the population and what is the sample?
Answer:
385
Explanation:
because it says 385
In a situation where a survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater, the population as well as the sample will be 385. Therefore, the option C holds true.
What is the significance of a sample?A sample can be referred to or considered as a set of units that are taken into consideration for interpreting a data for bigger number of available observations. Sampling method is considered as an ideal option for surveys to save time and efforts.
In the condition given above, a survey included 385 people out of the total population of the survey, however, the 385 people are just the samples for saving time and effort. The actual results for bigger representation will also be closer to 74%.
Therefore, the option C holds true and states regarding the significance of a sample.
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The missing options for the incomplete question have been added below for better reference.
A survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater. What is the population and what is the sample?
A. 96
B. 289
C. 385
D. 74
You are a provider of portfolio insurance and are establishing a four-year program. The portfolio you manage is currently worth $150 million, and you promise to provide a minimum return of 0%. The equity portfolio has a standard deviation of 25% per year, and T-bills pay 7.5% per year. Assume that the portfolio pays no dividends.
Required:
a. What percentage of the portfolio should be placed in bills?
b. What percentage of the portfolio should be placed in equity?
Answer:
sorry but I don't know sorry
You want to have $100,000 in 30 years to pay for your long-awaited cruise around the world. You open a savings bank account for this purpose, and you want to reach the above sum by making equal annual deposits. You will make the first deposit today and the last one in 30 years. You are assured to earn an EAR of 5% on money deposited in your account. Your annual payments should be (rounded to the nearest dollar):
Answer:
the annual payment should be $6,505
Explanation:
The computation of the annual payment should be
Annual Payment = P × r × (1+r)^n÷ (1+r)^n - 1
= 100,000 × 0.05 × (1 +0.05^)30 ÷ (1 + 0.05)^30 - 1
= 100,000× 0.05 × 4.32194237515 ÷ 4.32194237515 - 1
= $6,505
Hence, the annual payment should be $6,505
Various financial data for SunPath Manufacturing for 2019 and 2020 follow.
2019 2020
Output: Sales $300,000 $330,000
Inputs: Labor 40,000 43,000
Raw Materials 45,000 51,000
Energy 10,000 9,000
Capital Employed 250,000 262,000
Other 2,000 6,000
Required:
What is the percentage change in the multifactor labor and raw materials productivity measure for SunPath between 2019 and 2020?
Answer:
-0.53191
Explanation:
The computation of the percentage change is given below:
Productivity
In the year 2019 is
= $300,000 ÷ (40,000 + 45,000)
= 3.5294118
In the year 2020 is
= $330,000 ÷ (43,000 + 51,000)
= 3.5106383
Now the percentage change is
= (3.5106383 - 3.5294118) ÷ 3.5294118
= -0.53191
The percentage change in the multifactor labor and raw materials productivity measure from 2019 to 2020 was -0.53%
The multifactor labor and raw materials productivity measure is calculated by the formula:
= Sales / (Raw materials + labor)
In 2019 this was:
= 300,000 / (40,000 + 45,000)
= 3.5294
In 2020 it was:
= 330,000 / (43,000 + 51,000)
= 3.5106
The percentage difference is:
= (3.5106 - 3.5294) / 3.5294
= -0.0188 / 3.5294
= -0.53 %
The percentage change was therefore -0.53%.
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Common stockholders' equity as of 1/1/2017 $7,031,250 Common stockholders' equity as of 12/31/2017 $8,593,750 Net sales for the year 2017 $3,906,250 Net income for the year 2017 $250,000 Common stock dividends paid during 2017 $10,000 Calculate the company's Payout Ratio.
Answer:
the payout ratio is 4%
Explanation:
The computation of the payout ratio is shown below:
The payout ratio is
= Dividend ÷ net income
= $10,000 ÷ $250,000
= 4%
We simply divided the dividend from the net income so that the payout ratio could come
Hence, the payout ratio is 4%
Answer:
it is 4%
Explanation:
