Answer:
defensive stance
Explanation:
Corporate social responsibility (CSR) can be defined as a strategic management concept which typically involves socially contributing to the growth and development of the people, community and the world at large. Thus, it's an organization's obligation to act in a manner that benefits and adds significant value to the society, usually it has its business operations.
Some examples of CSR programs are building of roads, provision of electricity, water supply, establishing health care centers, awarding scholarships etc.
In addition to making profits and maximizing shareholders, organizations are required to lessen negative environmental impact or degradation and provide social amenities such as pipe-borne water, electricity, roads, etc.
According to Carroll, the four (4) main levels of an organization's pyramid of corporate social responsibility are;
I. Legal
II. Economic.
III. Philanthropic.
IV. Ethical.
However, an organization has taken a defensive stance to social responsibility when it decide to meet only minimum legal requirements in its commitments to individuals and groups in a social environment.
On the other hand, a proactive stance can be defined as voluntary business practices adopted by an organization or business firm beyond the standard regulatory practice, so as to actively enhance and facilitate growth and development in a society.
Innovation is the introduction of
New goods or Services or Improvement in offering goods or services.
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Innovation is the process and outcome of creating something new, which is also of value.
The cost of land includes all of the following except:___.
a. cost of leveling and grading.
b. payments to clear liens.
c. purchase price.
d. cost of fencing and lighting.
Answer:
The answer is D.
Explanation:
The correct option is D. -The cost of fencing and lighting is not part of the cost of land. Why? - Because this is the cost to improve land.
Option A is wrong. Cost of levelling and grading is part of the cost of land
Option C is wrong. Purchase price is the main cost in the determining the cost of land
Option D is also wrong
Liz received an email from a long-term client informing her that they were planning to work with another advertising agency. Which response is the best application of the some post-event strategies of resilience?
Answer:
Review all email to see if the client was somehow offended. Then analyze listening skills to ensure the client's needs were met. Discuss with a mentor. If the relationship can't be salvaged, learn from the experience and move on.
Explanation:
Due to the fact that Liz received a mail from a long-time client who tells her they were planning on working with another advertising agency, the best response that is the best application of some post-event strategies of resilience are:
1. Reviewing past emails to see if they offend the client in any way
2. Analyse the listening skills to ensure that the client's needs were met
3. Discuss with a mentor
4. Learn from the whole experience
The contribution margin ratio is interpreted as the percent of: Multiple choice question. each variable cost dollar that remains after deducting fixed costs each sales dollar that remains after deducting fixed costs each sales dollar that remains after deducting unit variable cost
Answer: each sales dollar that remains after deducting unit variable cost
Explanation:
The contribution margin ratio is interpreted as the percent of each sales dollar that remains after the deduction of unit variable cost.
The contribution margin ratio refers to the difference between the sales that a company makes and its variable costs which is expressed as a percentage. The ratio simply indicates the amount of money that is available to cover the fixed costs.
________ would be hurt by unexpected inflation. a. A firm that purchased inputs with a two-year contract b. A worker whose wage increases with inflation c. A worker who signed a two-year wage contract d. A firm who hired a worker on a two-year wage contract
Answer:
a firm who hired a worker
Explanation:
on a two year wage contract
A firm that hired a worker on a two-year wage contract would be hurt by unexpected inflation. Thus, option D is correct.
What is inflation?Inflation, in financial aspects, aggregates expansions in the stockpile of cash, in cash salaries, or in costs. Expansion is by and large considered an exorbitant ascent in the general degree of costs.
While high expansion is by and large thought to be hurtful, a few financial experts accept that a modest quantity of expansion can assist with driving monetary development.
Inter worker was having job security for at least 2 years but due to inflation, he might not have a job. This is the most unexpected thing that the person could experience. As it will be treated as something that has caused hindrances in his planning.
Therefore, option D is correct.
Learn more about Inflation, here:
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Identify the two events from the following that cause a Petty Cash account to be credited in a journal entry. (Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) check all that apply Fund amount is being reduced.unanswered Fund amount is being increased.unanswered Fund is being eliminated.unanswered Fund is being established.
Answer:
Fund amount is being reduced.
Fund is being eliminated.
Explanation:
For example, when you are recording the expenses paid using the petty cash fund, you debit the expenses and credit the petty cash fund account. This also applies when the petty cash fund is too large and the company wants to reduce it; cash will be debited and the petty cash fund account will be credited.
Quantity demand is 385 and quantity supplied is 203 calculate the shortage
Answer:
Shortage = 182 units
Explanation:
Given:
Quantity demanded = 385
Quantity supplied = 203
Find:
Shortage
Computation:
In economic terms, a shortage occurs when the amount sought exceeds the quantity available at the market price.
Shortage is difference between Quantity demanded and Quantity supplied.
Shortage = Quantity demanded - Quantity supplied
Shortage = 385 - 203
Shortage = 182 units
Identify the inventory costing method best described by each of the following separate statements. Assume a period of increasing costs. results in
a. Results in the highest cost of goods sold.
b. Yields the highest net income.
c. Has the lowest tax expense because of reporting the lowest net income.
d. Better matches current costs with revenues,
e. Precisely matches the costs of items with the revenues they generate.
Answer:
LIFO is a form of inventory costing that assumes that more recent stock is sold first and early stock sold last. FIFO is the opposite of this and believes earlier stock is sold first and later stock is sold last.
Weighted average uses a weighted price for all available stock and specific identification uses the exact cost of the inventory.
a. Results in the highest cost of goods sold. ⇒ LIFO
This is LIFO because the closing stock that is subtracted from the cost of goods sold will be earlier stock and as costs are rising, it will be lower than the purchases.
b. Yields the highest net income. ⇒ FIFO
Because FIFO gives a lower Cost of goods sold as opposed to LIFO, it gives a higher income.
c. Has the lowest tax expense because of reporting the lowest net income.⇒ LIFO
Reports lowest income due to high cost of goods sold.
d. Better matches current costs with revenues. ⇒ LIFO
LIFO uses the current inventory which would reflect the current cost of inventory so it matches current costs with revenue.
e. Precisely matches the costs of items with the revenues they generate. ⇒ Specific Identification.
Uses the exact cost of the inventory so precisely matches costs.
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company’s normal activity level of 86,400 units per year is: Direct materials $ 1.50 Direct labor $ 2.00 Variable manufacturing overhead $ 0.60 Fixed manufacturing overhead $ 3.75 Variable selling and administrative expenses $ 1.90 Fixed selling and administrative expenses $ 1.00 The normal selling price is $25.00 per unit. The company’s capacity is 122,400 units per year. An order has been received from a mail-order house for 3,000 units at a special price of $22.00 per unit. This order would not affect regular sales or the company’s total fixed costs. Required: 1. What is the financial advantage (disadvantage) of accepting the special order? 2. As a separate matter from the special order, assume the company’s inventory includes 1,000 units of this product that were produced last year and that are inferior to the current model. The units must be sold through regular channels at reduced prices. The company does not expect the selling of these inferior units to have any effect on the sales of its current model. What unit cost is relevant for establishing a minimum selling price for these units?
Answer:
Delta Company
1. The financial advantage of accepting the special order is:
= $53,700.
2. The minimum selling price for these units that is relevant is:
= $4.10 (the unit variable manufacturing cost).
Explanation:
a) Data and Calculations:
Normal activity level per year = 86,400 units
Direct materials $ 1.50
Direct labor $ 2.00
Variable manufacturing overhead $ 0.60
Variable manufacturing cost per unit $4.10
Fixed manufacturing overhead $ 3.75
Variable selling and administrative expenses $ 1.90
Fixed selling and administrative expenses $ 1.00
The normal selling price = $25.00 per unit.
The company’s capacity is 122,400 units per year
Special Order:
Sales revenue $66,000 (3,000 * $22)
Cost of goods:
Variable manufacturing 12,300 (3,000 * $4.10)
Contribution margin $53,700
As discussed in the lecture video, Crocs’ plastic molding and sandal design capabilities have provided the firm with only a temporary competitive advantage, as incumbent firms began selling sandals that were very similar to the Crocs’ clogs. Crocs lost its competitive advantage primarily because of ___________
Answer: c. competitor imitation
Explanation:
When a company makes a good product that people like and therefore brings in profit, other companies will copy that product if it is not protected by law so that they too can make profit as well.
This is what happened to the Crocs' clogs. Other companies imitated them and so Crocs lost their competitive advantage. This led to prices falling for such footwear as the supply increased. It is for this reason that companies try to get patents when they make a product.
Charlotte's Crochet Shoppe has 15,500 shares of common stock outstanding at a price per share of $79 and a rate of return of 11.77 percent. The company also has 320 bonds outstanding, with a par value of $2,000 per bond. The pretax cost of debt is 6.21 percent and the bonds sell for 98.4 percent of par. What is the firm's WACC if the tax rate is 39 percent?
A. 9.06%
B. 8.58%
C. 10.31%
D. 9.88%
E. 8.75%
The expenditures and receipts below are related to land, land improvements, and buildings acquired for use in a business enterprise. The receipts are enclosed in parentheses.
(a) Money borrowed to pay building contractor (signed a note) $(289,100 )
(b) Payment for construction from note proceeds 289,100
(c) Cost of land fill and clearing 11,860
(d) Delinquent real estate taxes on property assumed by purchaser 7,990
(e) Premium on 6-month insurance policy during construction 9,480
(f) Refund of 1-month insurance premium because construction completed early (1,580 )
(g) Architect’s fee on building 26,400
(h) Cost of real estate purchased as a plant site (land $202,900 and building $56,600) 259,500
(i) Commission fee paid to real estate agency 9,690
(j) Installation of fences around property 4,140
(k) Cost of razing and removing building 10,530
(l) Proceeds from salvage of demolished building (4,690 )
(m) Interest paid during construction on money borrowed for construction 12,230
(n) Cost of parking lots and driveways 17,750
(o) Cost of trees and shrubbery planted (permanent in nature) 13,350
(p) Excavation costs for new building 3,290
Identify each item by letter and list the items in columnar form, using the headings shown below. All receipt amounts should be reported in parentheses. For any amounts entered in the Other Accounts column, also indicate the account title. (Enter receipt amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). If no entry is required in other accounts, select "No Entry" for the account titles.)
Item Land Land
Improvements Building Other Accounts
(a) $
$
$
$
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
(k)
(l)
(m)
(n)
(o)
(p)
Answer:
a)Other Accounts – $(289,100 )Notes Payable
b)Buildings – $289,100
c)Land – $11,860
d)Land – $7,990
e)Buildings – $9,480
f)Buildings – ($1,580)
g)Building – $26,400
h)Land – 259,500
i)Land – $9,690
j)Land Improvement – $4,140
k)Land – $10,530
l)Land – ($4,690 )
m)Buildings –$ 12,230
n)Land Improvement – $17,750
o)Land – $13,350
p)Buildings – $3,290
Explanation:
To Identify each item by letter and list the items in columnar form,
a)Other Accounts – $(289,100 )Notes Payable
b)Buildings – $289,100
c)Land – $11,860
d)Land – $7,990
e)Buildings – $9,480
f)Buildings – ($1,580 )
g)Building – $26,400
h)Land – 259,500
i)Land – $9,690
j)Land Improvement – $4,140
k)Land – $10,530
l)Land – ($4,690 )
m)Buildings –$ 12,230
n)Land Improvement – $17,750
o)Land – $13,350
p)Buildings – $3,290
Exhibit 15-8 The following estimated regression model was developed relating yearly income (y in $1000s) of 30 individuals with their age (x1) and their gender (x2) (0 if male and 1 if female). ŷ = 30 + 0.7x1 + 3x2 Also provided are SST = 1200 and SSE = 384. The yearly income of a 24-year-old female individual is _____. a. $49.80 b. $19,800 c. $19.80 d. $49,800
Answer:
d. $49,800
Explanation:
The yearly income of a 24 year old female is $49,800. Relationship between SST and SSE is defined as SST - SSE.
The equation describes the relationship between two variables that these variables are independent.
A company had net sales of $600,000, total sales of $750,000, and an average accounts receivable of $75,000. Its accounts receivable turnover equals:
Answer: 8 times
Explanation:
The Accounts receivable turnover measures how efficiently a company collects the debt that is owed to it. It is calculated by the formula:
Accounts receivable turnover = Net Credit sales / Average accounts receivable
= 600,000 / 75,000
= 8 times
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next three years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 12 percent, and the company just paid a dividend of $2.35, what is the current share price
Answer:
53.98
Explanation:
current share price is the present value of dividends
Year 1 = 2.35 x 1.22 = 2.867
Year 2 = 2.867 x 1.22 = 3.50
Year 3 = 3.50 x 1.22 = 4.27
+ 4.27 x 1.05 / (0.12 - 0.05) = 64
I - 12%
PV = 53.98
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
John is working on his department's annual plan. Employee performance has been okay and commitment to his department's goals moderate. In the past John
has asked his employees to do their best. This year he is asking each employee to work with him in determining exactly what that employee is going to
accomplish this year. John wants his people to feel the goals are theirs, to invest in their accomplishment. He wants them to believe that they can accomplish
these goals. He thinks he can help this whole process by meeting with each employee quarterly and talking about where the department is and where the
employee is in regards to goal accomplishment. In the past what principle of goal setting did John violate?
O A) Goal commitment
OB) Assigning specific goals
O Setting difficult but acceptable goals
OD) Providing feedback on goal attainment
Answer:B
Explanation:
E6-9 Littleton Books has the following transactions during May May 2 Purchases books on account from Readers Wholesale for $3,300, terms 1/10, n/30. May 3 Pays cash for freight costs of $200 on books purchased from Readers. May 5 Returns books with a cost of $400 to Readers because part of the order is incorrect. May 10 Pays the full amount due to Readers. May 30 Sells all books purchased on May 2 (less those returned on May 5) for $4,000 on account. Required 1. Record the transactions of Littleton Books, assuming the company uses a perpetual inventory system. 2. Assume that payment to Readers is made on May 24 instead of May 10. Record this payment.
Answer:
Littleton Books
Journal Entries:
May 2 Debit Inventory $3,300
Credit Accounts Payable (Readers Wholesale) $3,300
To record the purchase of books on account, terms 1/10, n/30.
May 3 Debit Freight-in $200
Credit Cash $200
To record the freight paid for the books of May 2.
May 5 Debit Accounts Payable (Readers Wholesale) $400
Credit Inventory $400
To record the return of some books.
May 10 Debit Accounts Payable (Readers Wholesale) $2,900
Credit Cash $2,871
Credit Cash Discounts $29
To record the full settlement on account, including discounts.
May 30 Debit Accounts Receivable $4,000
Credit Sales Revenue $4,000
To record the sale of books on account.
Debit Cost of goods sold $2,900
Credit Inventory $2,900
To record the cost of books sold.
May 24 Debit Accounts Payable (Readers Wholesale) $2,900
Credit Cash $2,900
To record the full settlement on account.
Explanation:
a) Data and Analysis:
May 2 Inventory $3,300 Accounts Payable (Readers Wholesale) $3,300
terms 1/10, n/30.
May 3 Freight-in $200 Cash $200
May 5 Accounts Payable (Readers Wholesale) $400 Inventory $400
May 10 Accounts Payable (Readers Wholesale) $2,900 Cash $2,871 Cash Discounts $29
May 30 Accounts Receivable $4,000 Sales Revenue $4,000
Cost of goods sold $2,900 Inventory $2,900
May 24 Accounts Payable (Readers Wholesale) $2,900 Cash $2,900
Despite aggressive campaigns to attract customers with lower mobile phone prices, Telenor- has
been losing large number of monthly subscribers. Management wants to know why so many
customers are leaving Telenor and what can be done to entice them back. Are customers
deserting because of poor customer services, uneven network coverage, or wireless service
charges? How can the company use information systems to help find the answer? What
management decisions could be made using information from these systems?
Answer:
the company should do research and find out why costomer are decreasing ,or do surveys, interview
Explanation:
the company must upgrade the service that it way offering before
Marigold Corp. reported a net loss of $12300 for the year ended December 31, 2017. During the year, accounts receivable decreased $6150, inventory increased $9840, accounts payable increased by $12300, and depreciation expense of $7380 was recorded. During 2017, operating activities ________.
Answer:
See below
Explanation:
Computation of operating activities
Net loss
($12,300)
Add:
Depreciation expense
$7,380
Accounts payable increase
$12,300
Accounts receivable decreased
$6,150
Less:
Inventory increased
($9,840)
Operating activities
$3,690
Therefore, during 2017 operating activities used net cash of $3,690
Health and Wealth Company is financed entirely by common stock that is priced to offer a 15 percent expected return. If the company repurchases 25 percent of the common stock and substitutes an equal value of debt yielding 6 percent, what is the expected return on the common stock after refinancing
Answer: 18%
Explanation:
The expected return on the common stock after refinancing will be calculated thus:
Let's assume that common stock is 1000. Therefore, return will be:
= 15% × 1000 = 150
Since 25% of the common stock is repurchased, this will be:
= 25% × 1000 = 250
Then, this 250 is financed by debt at 6%, and this will be:
= 6% × 250 = 15
Then, the new return will be:
= 150 - 15 = 135
Expected Return will now be:
= 135/(1000 - 250)
= 135/750
= 18%
Record the journal entry for Sales and for Cash Over and Short for each of the following separate situations.a. The cash registerâs record shows $420 of cash sales, but the count of cash in the register is $430.b. The cash registerâs record shows $980 of cash sales, but the count of cash in the register is $972.
Answer and Explanation:
The journal entry is shown below:
Cash $430
To Sales revenue $420
To Cash over and short $10
(Being cash is recorded)
Here cash is debited as it increased the assets and credited the sales as it also increased the revenue
Cash $972
Cash over and short $8
To Sales revenue $980
(being cash is recorded)
Here cash is debited as it increased the assets and credited the sales as it also increased the revenue
Martinique Fashion is an all-equity firm that has projected perpetual EBIT of $344,000. The current cost of equity is 12.4 percent and the tax rate is 34 percent. The company is in the process of issuing $989,000 worth of perpetual bonds with an annual coupon rate of 6.6 percent at par. What is the value of the levered firm
Answer:
$2,167,228
Explanation:
Calculation to determine the value of the levered firm
First step is calculate Unlevered firm value using this formula
Unlevered firm value = EBIT(1 - Tax) / Cost of equity
Let plug in the formula
Unlevered firm value = $344,000(1 - 0.34) / 0.124
Unlevered firm value = $344,000(0.66)/0.124
Unlevered firm value = $1,830,968
Now let calculate the Levered firm value using this formula
Levered firm value = Unlevered firm value + (Debt * Tax rate)
Let plug in the formula
Levered firm value = $1,830,968 + ($989,000 * 0.34)
Levered firm value = $1,830,968+$336,260
Levered firm value = $2,167,228
Therefore the value of the levered firm is $2,167,228
Discuss the two differences of Theory X and Y. Give example
Assume that EEG Company wanted to reduce the cost of materials handling in each of its stores, and management set a target reduction of 2 percent per year. If a given store has current annual materials handling costs of $200,000 and expected an increase next year due to 15 percent growth, the budget for next year would be: A. $230,000 B. $216,000 C. $196,000 D. $225,400
A project manager has just assigned a team that comes from many countries, including Brazil, Japan, the United States, and Britain. What is her BEST tool for success?
Answer: Communication and well-developed people skills
Explanation:
Since the team comprises of workers who come from different countries, the best tool is the communication and well developed people skill.
These skills are vital when interacting and communicating with others. Since they're from different countries, communication skill is required to build a relationship with them, motivate them and achieve organizational goals.
Farrick and Kenley want to form a business in which they invest money in exchange for stock ownership in their organization. What type of business entity do they wish to form
Answer:
Limited liability company
Explanation:
In simple words, A limited liability corporation (LLC) is a type of private company structure. It's among the most frequent legal structures for forming a company. In a comprehensive partnerships all members are accountable for the firm and have unlimited accountability for its obligations.
Thus the limited liability structure is most suitable for the two.
15) A factory manager can improve EVA by A) increasing earnings and increasing capital employed. B) increasing capital employed and reducing earnings. C) reducing earnings and reducing capital employed. D) increasing earnings and reducing capital employed.
Answer: D) increasing earnings and reducing capital employed.
Explanation:
Economic Value Added (EVA) shows how much residual income that a company has after it subtracts the cost of the capital invested from the operating profit that the company got.
If a manager wants to increase EVA therefore, they need to reduce the capital used so that the cost of capital will be less. This should be done while earnings are increased for an even higher increase in EVA.
n a make or buy decision, management should consider: (Check all that apply.) Multiple select question. Employee morale product quality Available capacity Sunk costs Incremental costs Existing sales
Answer:
Sunk cost
Explanation:
Sunk cost is the cost that are already spent and now it is not recovered. We can called as the past cost also. Moreover it is not relevant for the decision making purpose. It includes the expenses like depreciation, rent, etc
So as per the given situation all cost are considered for making or purchasing decision but not the sunk cost
Answer:
Employee morale
Product quality
Workload
Incremental costs
Explanation:
Buying goods or services from an external supplier is called outsourcing. The decisions to make or buy depends on the cost of each alternative.
In Multinational Capital budgeting, project cash flows can diverge from parent cash flows because of the following factors, except?
A. Foreign exchange risks.
B. Size of the subsidiary.
C. Political risk and Country risk.
D. The existence of growth options.
E. Cannibalization due to the replacement of exports by local production.
Answer: E. Cannibalization due to the replacement of exports by local production.
Explanation:
Multinational capital budgeting simply means when real productive assets is invested in foreign countries.
In Multinational Capital budgeting, project cash flows can diverge from parent cash flows because of foreign exchange risks, subsidiary size, political and country risk and the existence of growth options.
The cannibalization due to replacement of exports by local production isn't among the factors.
The secret to effective sales is to have a
unique selling proposition.
good personality.
memorized pitch.
fantastic product.
Answer:
unique selling proposition.
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
Generally, the secret to effective sales is to have a unique selling proposition that makes consumers patronize you.
