a firm's_____ strategy is an organizational strategy for how it will compete in its primary or main market.

Answers

Answer 1

A firm's business strategy is an organizational strategy for how it will compete in its primary or main market.

Within the area of control, strategic control entails the formula and implementation of the fundamental desires and initiatives taken by using an company's managers on behalf of stakeholders.

A business approach refers to all the selections taken, and moves undertaken with the aid of a commercial enterprise for achieving the bigger imaginative and prescient. knowing what commercial enterprise approach is and how to execute it nicely can help groups end up market leaders in their area.

A enterprise method is a plan that outlines how a employer will gain its desires. there are numerous one-of-a-kind commercial enterprise techniques, however a few common examples include value leadership, differentiation, and consciousness.

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the beatles' producer for most of their recordings was group of answer choices berry gordy phil spector gerry coffey george martin

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The beatles' producer for most of their recordings was george martin .

What is meant by beatles producer?

George Martin, who passed away in March 2016, was, of course, The Beatles' producer. Along with overseeing the recording of their records, he was the one who signed them to the label where he worked, EMI, a division of the UK business Capitol with an American branch.

Hip-hop artists use various producers on every other track in modern music, and rock bands switch producers every other album to help establish a fresh sound. The Beatles, however, worked with only one producer during their eight-year recording career: George Martin.

Some of the most well-known and enduring songs of the previous century were written by the songwriting team of John Lennon and Paul McCartney, the two founding members of the Beatles.

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Given the following information, determine the unrecovered depreciable basis: depreciable basis: $300,000; declining balance depreciation: 200%; cost recovery period: 7 years. A. $42,857 B. $85,714 C. $214,286 D. $257,143

Answers

The unrecoverable depreciable basis is given as follows:

C. $214,286

How to calculate the unrecoverable depreciable bias?

The first step is calculating the annual depreciation, as follows:

Annual depreciation = Depreciable basis * Declining balance rate / Cost recovery period

The parameters for this problem are given as follows:

Depreciable basis: 200%, hence a decimal of 2.Cost of recovery period: 7 years;

Considering the parameters given in the problem, we have that the annual depreciation is obtained as follows:

Annual depreciation = 300 x 2/7

Annual depreciation = $85,714.29

Then the unrecovered depreciable basis is calculated as follows:

300,000 - 85,714.29 = $214,286.

Meaning that option C is correct.

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the group that set the federal reserve system policy on buying and selling govrenment securities bills notes and bonds

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The group that set the federal reserve system policy on buying and selling govrenment securities (bills, notes and bonds) is the Federal Open Market Committee (FOMC).

The president of the Federal Reserve Bank of New York, the seven members of the Board of Governors of the Federal Reserve System, and four of the other eleven Reserve Bank presidents, who serve one-year terms on a rotating basis, make up the Federal Open Market Committee (FOMC), which has twelve members. One bank president is selected from each of the following four groups of banks to fill the rotating seats: Boston, Philadelphia, Richmond; Cleveland; Atlanta; St. Louis; Dallas; Minneapolis; Kansas City; and San Francisco. Non-voting Reserve Bank presidents are present at Committee meetings, take part in discussions, and offer input on the committee's evaluation of the state of the economy and potential course of action.

Eight regularly scheduled meetings of the Federal Open Market Committee take place each year. The Committee examines the financial and economic situations, chooses the right monetary policy course, and evaluates the risks to its long-term objectives of price stability and sustained economic growth at these sessions.

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an online posting for a civil engineering position lists the knowledge, skills, and abilities that a candidate must possess in order to apply for the job. these requirements constitute a job

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The information, talents, and skills a candidate must have in order to apply for a job as a civil engineer are specified in an online job offering. These specifications serve as a job specification.

An official document known as a job specification outlines the responsibilities, necessary expertise, necessary skills, and necessary qualifications for State jobs.

The job specification, as opposed to the job description, defines the attributes the employee should possess—or, in some cases, must—in order to be eligible for the position. Education qualifications are just one example. experience or training for the particular profession.

The value of a job specification lies in the fact that it gives applicants crucial cues to determine whether they have the necessary experience. To attract prospects, on the other hand, job description contains details about a role.

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Openlane and Yearin Technologies have together invested and created a new organization, Globex Corporation, to focus on developing diagnostic devices. Through this new firm, both companies are attempting to combine their core competencies to innovate and reduce their risks associated with transaction-specific investments. However, the new organization operates independent of Openlane and Yearin Technologies. Which of the following alternatives to integration does this scenario best illustrate? a licensing contract a franchisee a joint venture a corporate acquisition

Answers

ANSWER: Joint venture illustrate this scenario perfectly.

WHAT IS A JOINT VENTURE?

In order to accomplish a shared goal, two or more commercial organizations can form a joint venture (JV). Combining the advantages of each unit is the goal of the JV. Also, when the vulnerabilities are combined, they are lessened. A JV's participants may occasionally create a completely new company. They refer to it as a limited liability company, corporation, or a partnership in that situation. In the absence of such a JV agreement, the associated business entities maintain their current identities.

Resources, assets, and equity are shared by partners in a joint venture. The majority of the time, a joint venture is started with a specific goal in mind, such as product research or production. It can, however, also be developed for a persistent goal. The companies are not obligated to continue the joint venture after the agreed-upon duration because it is only a temporary agreement. According to a mutual agreement, the precise length of the collaboration is set.

FOUR MAIN REASONS WHY COMPANIES FORM JVs:

To reduce costsTo enter foreign marketsTo leverage resourcesTo combine expertise

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Typical capital budgeting decisions include ______ decisions.
O employee hiring and firing
O cost reduction
O lease or buy
O equipment selection
O product and service pricing
Answer: cost reduction
lease or buy
equipment selection

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Typical capital budgeting decisions include decisions related to cost reduction, lease or buy, and equipment selection.

Capital budgeting is the evaluation of potential big projects or investments by a corporation. Construction of a new facility or a substantial investment in an external enterprise are examples of undertakings that require capital budgeting prior to approval or rejection.

As part of capital planning, a corporation may evaluate the lifetime cash inflows and outflows of a prospective project to determine whether the anticipated returns generated reach an acceptable threshold. The practice of capital budgeting is also known as investment evaluation.

Companies use capital budgeting to analyze significant projects and investments, such as new factories or equipment.

The procedure entails assessing the cash inflows and outflows of a project to evaluate whether the predicted return satisfies a predetermined benchmark.

The primary techniques for capital planning are discounted cash flow, payback, and throughput analyses.

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TRUE/FALSE. an excise tax placed on gasoline would: group of answer choices decrease the demand for gasoline and not change the supply of gasoline. increase the demand for gasoline and increase the supply of gasoline. decrease the demand for gasoline and decrease the supply of gasoline. not change the demand for gasoline and decrease the supply of gasoline.

Answers

False. gasoline would see a fall in both supply as well as demand if an excise tax were imposed on it.

The increased price of gasoline brought on by the excise tax would result in a decrease in demand since consumers are less inclined to buy gasoline when it is more expensive. The supply of gasoline would decrease if demand dropped because manufacturers would be less likely to produce it.

Excise duty is imposed on goods produced domestically, as opposed to customs duty, which is imposed on goods entering the country from overseas.

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inventory errors net income in year 2 is understated by $1,100. year 2 ending inventory per the financial statements

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Net profits will be overstated if ending inventory is underestimated. In the event that closing inventory is overstated, the cost of goods sold,

Is your pay determined by your net income?

Gross pay is the amount of an employee's salary that is left over after payroll deductions for things like taxes, benefits, and other costs. Net pay, often known as take-home pay, is what is left over after all withholdings have been deducted.

What are net income and income?

Gross income is the entire amount of money made by selling products and services over a certain time period. The amount of money left over after all expenditures have been paid is known as net income. Knowing the difference between the two is essential to understanding the financial health of your company.

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if the fed raises reserves requirements, then interest rates will and the money supply will .

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if the fed raises reserves requirements, then interest rates will decline and also it  the decrease the size of the money supply.

Central banks use different methods to increase or decrease the amount of money in the banking system. These actions are called as monetary policy. While the Federal Reserve Board—commonly known as the Fed—can print money at its discretion in an effort to increase the amount of money in the economy, this is not the standard used, at least not yet in America.

The Federal Reserve Board, which is the agency that oversees the Federal Reserve System, oversees all domestic monetary policy. They are often referred to as the Central Bank of America. This means they are generally responsible for controlling inflation and managing short-term and long-term interest rates. They make these decisions to stimulate the economy, and controlling the money supply is an important tool they use.

Conversely, by increasing the banks' reserve requirements, the Fed can reduce the size of the money supply.

The Fed can also change short-term interest rates by lowering (or raising) the discount rate that banks pay on short-term loans from the Fed.

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this graphic organizer is used to classify systems of government according to the relationship between political and economic freedom. in which quadrant did the soviet union belong?

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The Soviet Union belonged in the bottom left quadrant, where political freedom is low and economic freedom is also low. The Soviet Union was a totalitarian state that had little economic or political freedom. The state tightly controlled the economy and limited the rights of its citizens.

Here are four quadrants

Quadrant 1: High Political and Economic Freedom

Quadrant 2: High Political Freedom and Low Economic Freedom

Quadrant 3: Low Political Freedom and High Economic Freedom

Quadrant 4: Low Political and Economic Freedom

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Scenario: The market demand for soccer balls in a small town is 2,500 units and there
are two rival sports brands selling soccer balls in this town—Sporty and Go! The
products of the two brands are identical.
7. __________ Refer to the scenario above. The demand for Sporty's soccer balls is
1,250 units if ________.
A) the price charged by Sporty is higher than the price charged by Go!
B) the price charged by Go! is higher than the price charged by Sporty
C) the price charged by Sporty is equal to the price charged by Go!
D) the price charged by Sporty is higher than the cost of production of each ball
8. __________ Refer to the scenario above. The demand for Sporty's soccer balls is
2,500 units if ________.
A) the price charged by Sporty is higher than the price charged by Go!
B) the price charged by Go! is higher than the price charged by Sporty
C) the price charged by Sporty is equal to the price charged by Go!
D) the price charged by Go! is higher than the unit cost of producing a ball
9. __________ Refer to the scenario above. The demand for Go!'s soccer balls is
2,500 units if ________.
A) the price charged by Sporty is higher than the price charged by Go!
B) the price charged by Go! is higher than the price charged by Sporty
C) the price charged by Sporty is equal to the price charged by Go!
D) the price charged by Go! is higher than the cost of producing a ball

Answers

7. The correct option is c)

The demand for Sporty's soccer balls is 1,250 units if the price charged by Sporty is equal to the price charged by Go!

8. The correct option is b)

The demand for Sporty's soccer balls is 2,500 units if the price charged by Go! is higher than the price charged by Sporty

9. The correct option is a)

The demand for Go!'s soccer balls is 2,500 units if the price charged by Sporty is higher than the price charged by Go!

7. Because the products of the two brands are identical; this market structure is an oligopoly with homogenous products.

8. Because as the price charged by sporty is lower; the demand is higher and there is a chance of demand of 2500 units.

9. Because of the price charged by Go! sporty is lower; the demand of Go! is higher( or) maybe 100%. So, the demand for Go! sporty is 2500 units.  

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Rowdy's Restaurants Cash Flow ($ in millions) Cash received from: Customers $1,800 Interest on investments 200 Sale of land 100 Sale of Rowdy's common stock 600 Issuance of debt securities 2,000Cash paid for: Interest on debt $ 300 Income tax 80 Debt principal reduction 1,500 Purchase of equipment 4,000 Purchase of inventory 1,000 Dividends on common stock 200 Operating expenses 500 Rowdy's would report net cash Inflows (outflows) from financing activities in the amount of Multiple Choice O $1.100 million O $820 million O $900 million O ($1,100) million

Answers

The net cash inflows (outflows) from financing activities is $1,100 million.

What is net cash?

Net cash is a company's total cash and cash equivalents, which are assets that can be easily converted into cash. The calculation of net cash includes the current balance of cash, money market accounts, and other deposits, less any outstanding checks or payments that have not yet been processed. Net cash is also known as cash on hand and is usually reported on a company's balance sheet. Net cash is a key indicator of a company's liquidity, as it provides an indication of how much cash the company has readily available to pay its bills and satisfy its obligations.

Net cash inflows (outflows) from financing activities is calculated by subtracting cash payments for interest on debt, income tax, debt principal reduction, purchase of equipment, purchase of inventory, dividends on common stock, and operating expenses from cash received from customers, interest on investments, sale of land, sale of Rowdy's common stock, and issuance of debt securities.
Thus, net cash inflows (outflows) from financing activities = 1,800 + 200 + 100 + 600 + 2,000 - (300 + 80 + 1,500 + 4,000 + 1,000 + 200 + 500)
= 1,800 + 200 + 100 + 600 + 2,000 - 3,780
= $1,100 million.

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the 100 in a 50/100/25 split limit policy refers to the maximum amount the policy will pay in:

Answers

The 100 denotes a bodily injury liability limit of $100,000 per accident. The final 50 represents the per-accident responsibility for property damage, which is likewise $50,000.

A rule and an example signify what?

The policy of a government or other institution may take the form of legislation, a regulation, a procedure, an administrative choice, an inducement, or an optional practice. Usually, resource distributions reflect political choices. Health may be impacted by policies in many different businesses.

What does policy serve to accomplish?

Mission, values, and strategic goals are all distilled into policies, which, together with the law, are the result of everything that came before them in the hierarchy. More specific than strategic objectives, policies specify parameters, or boundaries, for behavior and activities required to achieve those objectives.

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which combination of the following represent the risks that a swap dealer confronts? (i)- interest rate risk (ii)- basis risk (iii)- exchange rate risk (iv)- political risk (v)- sovereign risk (i), (ii), (iii), and (v) (i), (iii), and (iv) (iii), (iv), and (v) (i), (ii), (iii), (iv), and (v)

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A swap dealer takes on risk and acts as a market maker of swaps. Talk about the dangers that a trader in interest rate and currency swaps faces.

What are the swaps' risks?

Interest-rate swaps, like the majority of non-government fixed-income assets, are subject to two main risks: interest rate risk and counterparty risk, which is credit risk in the swaps market. Swaps involve interest-rate risk since real interest rate fluctuations don't always coincide with predictions.

Which two forms of swap contracts are there?

In contrast to options and futures, which are traded on a public exchange, swaps are specialized contracts sold in the private over-the-counter (OTC) market. The two most typical and fundamental types of swaps are interest rate and currency swaps.

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fill in the blank question. changes in the interest rate mainly affect the component of total spending, and also affect spending on durable consumer goods that are purchased on credit.

Answers

As interest rates move up, the cost of borrowing becomes more expensive. This means that demand for lower-yield bonds will drop, causing their price to drop. As interest rates fall, it becomes easier to borrow money, and many companies will issue new bonds to finance expansion.

Finance is the study and discipline of money, foreign money and capital assets. it's far associated with, but no longer synonymous with economics, the take a look at of production, distribution, and intake of cash, belongings, goods and offerings (the field of monetary economics bridges the two). Finance sports take region in financial structures at numerous scopes, as a result the field may be more or less divided into private, corporate, and public finance. in a economic machine, belongings are offered, sold, or traded as economic units, consisting of currencies, loans, bonds, shares, shares, alternatives, futures, and so forth. assets also can be banked, invested, and insured to maximize fee and limit loss. In practice, dangers are always found in any financial action and entities.

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You are considering staying in college another semester so that you can complete a major in economics. In deciding whether or not to stay, you should:
a) compare the total cost of your education to the total benefits of your education.
b) compare the total cost of your education to the benefits of staying one more semester.
c) compare the cost of staying one more semester to the benefits of staying one more semester.
d) compare the total benefits of your education to the cost of staying one more semester.

Answers

Option (C) . Compare the cost of staying one more semester to the benefits of staying one more semester.

How many months of semester are there?

A college semester lasts 15 weeks, or about four months. A typical semester is three months long and a quarter is about two and a half months long. Accelerated courses are typically completed within two months.

How semesters work?

The semester system usually consists of two semesters of 15 weeks each.

Once in autumn (winter vacation continues) and once in spring (summer vacation continues). An average full-time student per semester he takes 4-5 courses, or about 15 credits. The academic year usually begins at the end of August and ends at the beginning of May.

Why it is called a semester?

The first recorded use of the word semester dates back to the 19th century. It comes from the Latin sēmestris, meaning "half-yearly," sex, meaning "six," and mensis, meaning "one month." In high school, many classes span both semesters. This means that students will take that class throughout the academic year.

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assuming the prices of resoures a and b are 5 and 8 resoectively when the firm hires the profit maximizing combination of resources its ecnomomic profit will be 138 170 145 76

Answers

When the company hires the mix of resources that will increase profits by 5 and 8 respectively, its economic profit will be 145.

What is meant by profit maximization?

In order to increase their returns, firms must ensure that the best levels both output and prices were realized through the process of profit maximizing. For the purpose of achieving its profit goals, the corporation alters crucial factors such as sale price, cost of production, or output levels. When marginal revenue equals marginal cost, or when MR = MC, a fully competitive firm will make the decision that will maximize its profits.

Why is profit maximizing important and what are the three conditions of profit maximization?

Profit maximization is indeed a tactic that can encourage efficient and long-term company growth. If you're prepared to expand your business, a maximizing profit strategy will ensure that more work yields better net revenue.

Cost price p must match market value (MC). At q0, the marginal cost must not be decreasing. In order for the business to continue producing goods, the cost price must be higher than the average variable cost (p > AVC) in the short term and higher than the average cost (p > AC) in the long term.

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Assume that Jill spends all her allowance on only two goods whose prices are equal. To maximize utility Jill will
A. Spend the same total dollar amount on each good
B. Purchase the same number of units of each good
C. Purchase a combination of the two goods so that the utility of each good is the same
D. Purchase a combination of the two goods so that the marginal utility of the last unit purchased of each good is the same
E. Purchase a combination of the two goods so that the marginal utility of the last unite purchased of each good divided by the price is equal to one

Answers

To maximize utility Jill will spend the same total dollar amount on each good. The idea behind utility maximisation is that people and organisations should aim to get the most happiness possible out of their financial choices.

The degree to which an individual's fulfilment is realised is measured by utility function. Making economic organisations that ensure the maximum possible level of customer happiness is known as utility maximisation (benefit). An illustration would be if a consumer chose to buy more "Product A" and less "Product B" since the former combination ensures greater benefit (utility) per dollar. The utility-maximizing condition is when overall expenditures are equal to the available budget.

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spoilage of canned foods not accompanied by gas production is group of answer choices thermophilic anaerobic spoilage. flat sour spoilage. mesophilic bacteria spoilage. acid-tolerant fungi. putrefactive anaerobic spoilage.

Answers

It is considered as flat sour spoilage.

What is spoilage flat sour spoilage?

FLAT SOUR SPOILAGE is a term used to describe the microbial degradation of foods that have been professionally canned. It is frequently connected to microorganisms that produce spores and can destroy a product without significantly boosting gas output.

Acidic and low-acid canned foods can deteriorate flat-sour. Acid canned foods' flat-sour degradation is also caused by Bacillus Thermoacidurans. Typically, flat-sour spoilage bacteria are found in soil, sugar, starch, and plant equipment.

The spores are present everywhere in nature but are not found in any food or habitat, including the polar and the desert. Bacillus stearothermophilus, which is typical of flat-sour spoilage of low acid foods, and Bacillus Coagulans, which is typical of flat-sour spoilage of acid foods, are the two different forms of flat-sour aerobes.

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a regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation y-hat

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A regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation y-hat = -0.5x + 800.This equation suggests that for every dollar increase in price, sales will decrease by $0.5 thousand.

Regression analysis is a group of statistical procedures used in statistical modelling to determine the relationships between a dependent variable (often referred to as the "outcome" or "response" variable, or a "label" in machine learning jargon), and one or more independent variables (often referred to as "predictors," "covariates," "explanatory variables," or "features"). In linear regression, the most typical type of regression analysis, the line (or a more complicated linear combination) that most closely matches the data in terms of a given mathematical criterion is found. When using the ordinary least squares method, for instance, the specific line (or hyperplane) that minimises the sum of squared differences between the genuine data and that line is computed (or hyperplane).

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FILL IN THE BLANK. one of the true risks of high national debt is an equity issue in that upper-income individuals may benefit more through expanded investment opportunities at the cost of___lower-income individuals.

Answers

The private sector's inability to utilize savings properly is one of the real problems associated with the massive national debt.

What does "debt" mean?

Debt may well be defined as the amount that the borrow owes the lender. A debt refers to a sum of income that has been taken for a specified time frame and must be repaid, plus interest. That debtor's reputation affects both the debt's size and its clearance.

What kind of debt are there?

Loan payments, housing, and credit card transactions are typical examples. But did you guys know there are several sorts of debts, in addition to the loans? Four kinds of debt are frequently used: secured, unsecure, revolving, and monthly.

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True or False: The goal of viral marketing is to spread rumors and innuendo about a rival's product that will hurt its image.
False

Answers

Answer: false

Explanation:

because you said so

Edge Company produces two models of its product with the same machine. The machine has a capacity of 140 hours per month. The following information is available. Standard Deluxe Selling price per unit $ 70 $ 100 Variable costs per unit 20 60 Contribution nargin per unit $ 50 Machine hours per unit 1 hour 2 hours Maximum unit sales per month 600 units 208 units Required: $ 40 1. Determine the contribution margin per machine hour for each model, Product Contribution Margin Standard Contribution margin per unit Deluxe Contribution margin per machine hout 2. How many units of each model should the company produce? How much total contribution margin does this mix produce per month Standard Deluxe Total Hours dedicated to the production of each product Units produced for most profitable sales mix Contribution margin per unit Total contribution margin 3. Assume the maximum demand for the Standard model is 70 units (not 600 units). How many units of each model should the company produce? How much total contribution margin does this mix produce per month? Standard Deluxe Total Hours dedicated to the production of each product Units produced for most profitable sales mix Contribution margin per unit Total contribution margin

Answers

The total contribution margin per machine hour = $20 , the total contribution margin of product is $7000.

Contribution margin :

Contribution margin shows the total amount of revenue after covering fixed costs and deducting variable costs to make the business profitable," says Knight. This can be thought of as a portion of sales that helps offset fixed costs. Contribution margin (CM) or dollar contribution per unit is the selling price per unit minus the variable cost per unit. "Contribution" represents the portion of sales that is not consumed by variable costs and contributes to covering fixed costs.

1.      

Product contribution margin           Standard                     Deluxe

Contribution margin per unit       $50                                 $40  

Machine hours per unit                  1                                             2  

Contribution margin per machine hour $50                        $20  

     

2.      

              Standard                            Deluxe                      Total

Hours dedicated to the production of each product 600 (600*1) 400 (200*2) 1,000

Units produced for most profitable sales mix 140                        0  

Contribution margin per unit $50                                             $40  

Total contribution margin $7,000         $0                            $7,000

     

3.      

 Standard                        Deluxe                                  Total

Hours dedicated to the production of each product 70 (70*1) 400 (200*2) 470

Units produced for most profitable sales mix 70            70  

Contribution margin per unit $50                $40  

Total contribution margin $3,500           $2,800                        $6,300

Why is Contribution Margin Important?

It is an accounting term that helps business owners and managers track the profitability of their products. Understanding contribution margin is important. Because the contribution margin shows how much of the product's sales cover the fixed costs and contribute to the company's profit.

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which of these is a capital budgeting technique that generates a decision rule and associated metric for choosing projects based on the total discounted value of their cash flows?

Answers

The Net Present Value (NPV) is a capital budgeting technique that generates a decision rule and associated metric for choosing projects based on the total discounted value of their cash flows

What is the Net Present Value ?

The difference between the present value of cash inflows and outflows over time, or net present value (NPV), is what we refer to as this. The profitability of an anticipated investment or project is examined using NPV in capital budgeting and investment planning.

The computation of NPV is the outcome of selecting the appropriate discount rate to determine the current value of a stream of future payments. Projects worth starting are those having a positive NPV, whereas those with a negative NPV are not.

The discount rate could represent your cost of capital or the rewards offered by substitute assets with similar risk.

If a project's or investment's net present value (NPV) is positive, that indicates that the rate of return will exceed the discount

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Which of the following recruitment strategies can help an organization reduce labor costs and improve customer service together with accessing top talent?A. offshoringB. resume databasesC. observationD. trade fairs

Answers

Offshoring is the following recruitment strategies can help an organization reduce labor costs and improve customer service together with accessing top talent.

A talent inventory is what, exactly?

A talent inventory is a database that contains information about the knowledge, experience, and career interests of the present workforce. Before you begin gathering any data, there are a few crucial questions you should ask yourself. I've included a complete list in the exercise files for you.

What does a talent inventory serve as its primary function?

Employers use these inventories to determine whether their current workforce is capable of achieving their objectives. Planning strategically is aided by having a clear understanding of the company's present talent pool and future skill requirements.

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Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2020). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2,460 1,830 2,240 2,560 Tax 3,380 2,670 2,380 2,770Consulting 1,820 1,820 1,820 1,820Average hourly billing rates are auditing $82, tax $95, and consulting $102 Prepare the service revenue (sales) budget for 2020 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue

Answers

Total revenue of auditing is $745,380, total revenue from tax is $106,400, total revenue from consulting is $742,560.

Give a brief account on revenue.

The amount of money generated by regular business activities is known as revenue, and it is calculated by dividing the quantity of units sold by the average selling price. Costs must be subtracted from the top line (or gross income) figure in order to determine net income. Revenue is sometimes regarded as sales on the income statement. The money made by a business's operations is its revenue. There are numerous methods for calculating revenue, depending on the accounting method selected. Credit card transactions are considered sales for goods or services that were delivered to the consumer. Some requirements require that revenue be reported even if payment hasn't yet been received.

Because it appears first on a company's income statement, revenue is sometimes referred to as the top line. Revenues minus expenses equals net income, commonly called the bottom line. When revenues outweigh costs, a profit is made.

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which of the following is true about the concept of power distance, as it is explained in the video lectures? group of answer choices

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It is a measure of how much people in a society value social hierarchy and authority  is true about the concept of power distance as explained in the video lectures.

What does Social Hierrarchy mean?

The ranking of individuals within a social group, community, or society is referred to as "social hierarchy." It is usually determined by factors such as wealth, power, and prestige. Birth, occupation, gender, and other factors can all influence hierarchies. This system of ranking people can help create order and structure in a society.

What does Power Distance mean?

The term "power distance" refers to the level of acceptance and expectation of inequality in a society. It assesses how much a society expects and accepts unequal power and authority distribution. It refers to how a society handles power differences among its members as well as how individuals interact with those who have more power than them. It is closely related to the concept of social hierarchy.

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wer the next question on the basis of the following table, which indicates the dollar price of libras, the currency used in the hypothetical nation of libra. assume that a system of freely floating exchange rates is in place. (1) (2) (3) quantity of libras demanded (billions) dollar price of libras quantity of libras supplied (billions) 100 $5 325 200 4 200 300 3 100 400 2 75 the equilibrium dollar price of libras is: group of answer choices $5. $3. $4. $2.

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The equilibrium dollar price of libras based on the information illustrated is C. $4.

What is equilibrium?

Economic equilibrium is a state of affairs in which forces such as supply and demand are in balance and the values of economic variables do not change in the absence of external influences.

When market supply and demand are in balance, prices become stable. This is known as equilibrium. In general, a surplus of goods or services leads to lower prices, which increases demand, whereas a shortage or undersupply raises prices, which decreases demand.

The equilibrium price in economics is determined by equating the supply and demand functions, then solving for the price.

The equilibrium rate is determined where the quantity demanded is equal to amount suppled. Both are equal at quantity 200 billion of Libras. At this quantity, One dollar is equal to 4 Libras.

Therefore, based on the information, the correct option is C.

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equipment that cost 428000 and on which 194000 of accumulated depreciationhas been recorded was disposed for 172000 cash

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Based on the information about the disposal of a long-lived assets (equipment), the entry to record this event would include a loss of $62,000. (Option A)

The gain or loss on the disposal of a long-lived assets is given by Gain/(Loss) on Disposal = Consideration Received - Book Value of Asset.

The book value or carrying value of an asset refers to the original purchase price of the asset less all accumulated depreciation and any accumulated impairment charges. Hence, Book Value = Purchase Price – Accumulated Depreciation.

Based on the given information:

Book value of the equipment = 428000 – 194000 = 234000

Gain/loss on the disposal of the equipment = 172000 – 234000 = - 62000

As the value is negative, it indicates a loss. Hence, the loss on equipment disposal is $62,000.

Note: The question is incomplete. The complete question probably is: Equipment that cost $428,000 and on which $194,000 of accumulated depreciation has been recorded was disposed of for $172,000 cash. The entry to record this event would include A) loss of $62,000 B) credit to Accumulated Depreciation for $194,000 C) credit to the Equipment account for $234,000 D) gain of $62,000.

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on september 1, 2024, venetian airlines borrows $46 million, and records the full amount as notes payable (long-term). on december 31, 2024 (balance sheet date), southwest determines $15 million of the note is due next year, while the remaining $31 million is due in two years. record the entry to reclassify the current portion of long-term debt.

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Given the amount borrowed by Venetian Airlines and the amount of the note due in the next year, the journal entry for the present component of the long-term debt is:

Date                Account title                                      Debit            Credit

December 31  Notes Payable ( Long term)       $ 15, 000, 000

                       Notes Payable                                              $ 15, 000, 000

How should the present part of long-term debt be recorded?

The share of long-term obligations that must be settled this year is referred to as the current portion of long-term debt. It is specifically shown on the balance sheet under the heading current obligations. The current portion of long-term debt is deducted from the long-term obligation and is credited under the heading current portion of long-term debt.

In order to demonstrate that the note's value is declining, the Notes Payable account will be debited by $ 15, 000, 000, which represents the current part of the note. The identical sum will be credited to the Notes Payable account.

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