Analyze the following data to produce an ABC classification based on annual dollar usage. Part Number Annual Unit Usage Unit Cost ($) Annual $ Usage 1 200 10 2 17,000 4 3 60,000 6 4 15,000 15 5 1500 10 6 120 50 7 25,000 2 8 700 3 9 25,000 1 10 7,500 1

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Answer 1

The data provided includes part numbers, annual unit usage, unit cost, and annual dollar usage. To analyze the data and produce an ABC classification based on annual dollar usage, we need to categorize the parts into different classes (A, B, and C) based on their relative importance and value.

To determine the ABC classification, we need to calculate the annual dollar usage for each part by multiplying the annual unit usage with the unit cost. Then, we can sort the parts in descending order based on their annual dollar usage and assign them to different classes. For example, let's calculate the annual dollar usage for each part:

Part Number | Annual Unit Usage | Unit Cost ($) | Annual $ Usage

1 | 200 | 10 | 2,000

2 | 17,000 | 4 | 68,000

3 | 60,000 | 6 | 360,000

4 | 15,000 | 15 | 225,000

5 | 1,500 | 10 | 15,000

6 | 120 | 50 | 6,000

7 | 25,000 | 2 | 50,000

8 | 700 | 3 | 2,100

9 | 25,000 | 1 | 25,000

10 | 7,500 | 1 | 7,500

Next, we can sort the parts in descending order based on their annual dollar usage:

Part Number | Annual $ Usage

3 | 360,000

4 | 225,000

2 | 68,000

7 | 50,000

9 | 25,000

5 | 15,000

10 | 7,500

6 | 6,000

1 | 2,000

8 | 2,100

Finally, we can categorize the parts into different classes (A, B, and C) based on their relative importance and value. The specific thresholds for each class can vary depending on the organization's criteria, but a common approach is to assign the top 20% of parts to class A, the next 30% to class B, and the remaining 50% to class C. In this case, based on the sorted list and the 20-30-50 rule, the ABC classification would be as follows:

Class A: Part 3 (360,000), Part 4 (225,000)

Class B: Part 2 (68,000), Part 7 (50,000), Part 9 (25,000)

Class C: Part 5 (15,000), Part 10 (7,500), Part 6 (6,000), Part 1 (2,000), Part 8 (2,100)

By categorizing the parts into ABC classes, organizations can prioritize their inventory management, focusing on the most critical and valuable parts (Class A) while adopting different inventory control strategies for the lower-value items (Class B and C).

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Related Questions

Suppose you are a macroeconomist hired by the government to provide policy recommendations. For the following questions, you will be given a policy goal. Explain what actions could be taken to meet those goals. You may use a graph to motivate your answer, but it must be adequately labelled and explained.
The government allocated large additional expenses financing programs in the health sector fighting the health issues and helping businesses and households form shutdowns and lockdowns effect through social safety provisions. This has caused substantial deficit budget. The way the government financed the deficit becomes a concern.
(a) The deficit was financed through money creation!
(b) The government issued bond resulting in soaring government debt.

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The government allocated large additional expenses financing programs in the health sector fighting the health issues and helping businesses and households form shutdowns and lockdowns effect through social safety provisions. This has caused a significant deficit budget. The way the government financed the deficit is a concern.

(a) The deficit was financed through money creation! The government is financing its expenditure by printing money, which will lead to inflation. By printing money to pay off its expenses, the government increases the money supply, which can lead to inflation. The amount of money in circulation increases when new notes are printed. The increase in money supply can cause prices to rise.

As a result, the value of the currency decreases. If inflation occurs, the cost of living will rise, making it harder for the country's residents to maintain their purchasing power, resulting in an increase in poverty. This action is less effective because it will eventually lead to inflation, which will have a negative impact on the country's economy. As a result, the government must limit the amount of money it prints to avoid high inflation.

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A spoken presentation with a topic-oriented quote is one technique of attracting attention.
TRUE
FALSE

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The answer is True.
Hope this helps

The statement "A spoken presentation with a topic-oriented quote is one technique of attracting attention" is TRUE.A spoken presentation is a type of public speaking where the speaker directly addresses an audience to convey a message or information.

Using a topic-oriented quote in a spoken presentation is a powerful technique of attracting attention. It has been proven to be an effective way of capturing an audience's attention and interest.Using a quote that is directly related to the topic of discussion can help you to hook your audience and make them interested in what you have to say. If the quote is inspiring, insightful or humorous, it can also help to set the tone for the rest of the presentation.

However, it is important to note that the quote should be used appropriately and not be forced or irrelevant to the topic of discussion.Therefore, the statement "A spoken presentation with a topic-oriented quote is one technique of attracting attention" is TRUE.

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Direct mersale ( ponds at 50.50 per pound) Direct labor (2 hours at $10 per hour) Variable manufacturing overhead (2 hours at 55 per hour) 10 During November, 8,000 units were produced. The costs associated with November operations were as follows Material purchased (36,000 pounds at 50.60 per pound) $21,600 Material used in production (28,000 pounds) Direct labor (18,400 hours at $9.75 per hour) 179,400 Variable manufacturing overhead incurred 110,400 What is the variable overhead efficiency variance for the product for November? O$ 18,400 Unfavorable. $ 18,400 Unfavorable $ 12,000 Favorable $ 12,000 Unfavorable 4

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To calculate the variable overhead efficiency variance, we need to compare the actual hours of direct labor with the standard hours allowed for the production output. The formula for the variable overhead efficiency variance is as follows:

Variable Overhead Efficiency Variance = (Standard Hours Allowed - Actual Hours) x Variable Overhead Rate

Given information:

Standard Hours allowed per unit = 2 hours

Actual Hours worked = 18,400 hours

Variable Overhead Rate = $55 per hour

Now, let's calculate the variable overhead efficiency variance:

Standard Hours Allowed = Standard Hours per Unit x Actual Output

Standard Hours Allowed = 2 hours x 8,000 units

Standard Hours Allowed = 16,000 hours

Variable Overhead Efficiency Variance = (Standard Hours Allowed - Actual Hours) x Variable Overhead Rate

Variable Overhead Efficiency Variance = (16,000 hours - 18,400 hours) x $55 per hour

Variable Overhead Efficiency Variance = (-2,400 hours) x $55 per hour

Variable Overhead Efficiency Variance = -$132,000

Since the result is negative, the variable overhead efficiency variance is unfavorable.

Therefore, the correct answer is $18,400 Unfavorable.

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What is the eventual effect on real GDP if the government increases its purchases of goods and services by $50,000 ? Assume the marginal propensity to consume (MPC) is 0.75 . What is the eventual effect on real GDP if the government, instead of changing its spending, increases transfers by $50,000 ? Assume the MPC has not changed.

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Main answer:The eventual effect on real GDP, if the government increases its purchases of goods and services by $50,000, can be calculated by the following steps:Increase in government purchases = $50,000Multiplier = 1 / (1 - MPC) = 1 / (1 - 0.75) = 4Change in real GDP

Increase in government purchases x Multiplier= $50,000 x 4= $200,000Therefore, the eventual effect on real GDP would be an increase of $200,000 if the government increases its purchases of goods and services by $50,000.The eventual effect on real GDP if the government increases transfers by $50,000 and MPC remains the same can be calculated by the following steps:Increase in transfers = $50,000Multiplier = MPC / (1 - MPC) = 0.75 / (1 - 0.75) = 3Change in real GDP = Increase in transfers x Multiplier= $50,000 x 3= $150,000Therefore, the eventual effect on real GDP would be an increase of $150,000 if the government increases transfers by $50,000:In economics, the multiplier effect refers to the phenomenon where a small change in spending leads to a much larger change in real GDP. The multiplier effect occurs because the initial spending sets off a chain reaction of additional spending as the recipients of the initial spending use their newfound income to purchase goods and services themselves.

In the given problem, we have been given the change in government purchases and transfers, and we have been asked to calculate the eventual effect on real GDP. We have also been given the MPC, which tells us what proportion of an additional dollar of income will be spent on consumption. Suppose the government increases its purchases of goods and services by $50,000. This will increase the income of those who provide those goods and services, and they will in turn use that income to purchase other goods and services, thereby increasing the income of those providers as well. This process will continue in a chain reaction, with each round of spending increasing the income of others in turn. The eventual effect on real GDP is the sum total of all these rounds of spending. Using the multiplier formula, we can calculate the eventual effect on real GDP as: Change in real GDP = Increase in government purchases x Multiplier= $50,000 x 4= $200,000Now suppose the government increases transfers by $50,000 instead of changing its spending. In this case, the recipients of the transfers will have additional income, but since this is a transfer and not a purchase, there will be no direct increase in output or employment. However, the recipients will use some of their newfound income to purchase additional goods and services, thereby setting off a chain reaction of spending similar to the one described above. Using the multiplier formula with MPC instead of 1 - MPC, we can calculate the eventual effect on real GDP as:Change in real GDP = Increase in transfers x Multiplier= $50,000 x 3= $150,000

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Enneagon Pty Ltd is a manufacturing firm that produces customised office gifts according to customers' orders. The company adopts the job order costing system, and manufacturing overhead is allocated to production at a predetermined overhead rate of 200 percent of direct material cost. According to the company's policy, any over-or under-allocated manufacturing overhead is written off to the cost of goods sold. The firm does not have any work-in-process at the beginning or end of the quarter. Below is the financial information for the 4th quarter of 2021: Direct material used Direct labour cost incurred Indirect labour cost incurred Indirect material used Selling and administrative expenses Depreciation of factory building Depreciation of factory equipment Insurance on factory and equipment Electricity for factory Finished goods inventory, October 1st Finished goods inventory, December 31 $220,000 $700,000 $130,000 $80,000 $600,000 $100,000 $70,000 $50,000 $30,000 $0 $500,000 (a) Calculate the cost of goods manufactured for the company for the 4th quarter of 2021. Clearly show the workings of the calculation. (b) Calculate the difference between the actual manufacturing overhead cost incurred and the manufacturing overhead cost allocated. Identify whether it is under- allocated or over-allocated. Clearly show the workings of the calculation. (c) Calculate the adjusted cost of goods sold for the 4th quarter of 2021. Clearly show the workings of the calculation.(d) Provide one reason why firms use budgeted overhead allocation rate to allocate manufacturing overhead rather than use the actual manufacturing overhead cost and justify your answer. (e) The company considers if there are alternative adjustment methods for the over- or under-allocated manufacturing overhead. Suggest one alternative adjustment for the company to consider. In the context of Enneagon Pty Ltd, would it be better for the manager to follow the existing policy or to switch to the alternative adjustment method you suggest? Explain.

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The existing policy of writing off under or over-allocated manufacturing overhead to the cost of goods sold is not appropriate because it results in distorted product costs and also affects the company's profitability.

(a) Calculation of the cost of goods manufactured for the company for the 4th quarter of 2021: Enneagon Pty Ltd Cost of Goods Manufactured for the 4th Quarter of 2021 Direct Material used $220,000

Direct Labour Cost incurred $700,000 Manufacturing Overhead Allocated (200% of DM used) $440,000

Total Manufacturing Cost $1,360,000 Add: Work in Process (WIP), October 1st $0 Less: Work in Process (WIP), December 31 ($0) Cost of Goods Manufactured $1,360,000

(b) Calculation of the difference between the actual manufacturing overhead cost incurred and the manufacturing overhead cost allocated:

Enneagon Pty Ltd  Calculation of Manufacturing Overhead (OH) Allocated and Actual Manufacturing Overhead (OH) Cost Incurred  Direct Material Cost $220,000

Manufacturing Overhead Allocated (200% of Direct Material Cost) $440,000 Actual Manufacturing Overhead Cost Incurred $320,000

Difference between Actual Manufacturing OH Cost and OH allocated (OH Under-allocated) $120,000

Enneagon Pty Ltd should consider prorating the under-or over-allocated manufacturing overhead to the cost of goods sold and work-in-process, rather than writing it off entirely to the cost of goods sold.

By doing so, the cost of the product becomes more accurate and reflects the cost of production more effectively.

The existing policy of writing off under or over-allocated manufacturing overhead to the cost of goods sold is not appropriate because it results in distorted product costs and also affects the company's profitability.

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The Regal Cycle Company manufactures three types of bicycles—a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow: Sales Variable manufacturing and selling expenses Contribution margin Fixed expenses: Advertising, traceable Depreciation of special equipment Salaries of product-line managers Allocated common fixed expenses* Total fixed expenses Net operating income (loss) *Allocated on the basis of sales dollars. Total $928,000 461,000 467,000 69,700 43,300 113,700 185,600 412,300 $ 54,700 Dirt Bikes $ 264,000 110,000 154,000 8,400 20,800 40, 100 52,800 122, 100 $ 31,900 Mountain Bikes $ 407,000 197,000 210,000 40, 600 7,300 38,400 81,400 167, 700 $ 42,300 Racing Bikes $ 257,000 154,000 103,000 Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? 2. Should the production and sale of racing bikes be discontinued? 20,700 15, 200 35,200 51,400 122,500 $ (19,500) Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out. 3. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long-run profitability of the various product lines. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? Required 1 Required 2 > Required 1 Required 2 Required 3 Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long-run profitability of the various product lines. Contribution margin (loss) Traceable fixed expenses: Total traceable fixed expenses Product line segment margin (loss) Net operating income (loss) Totals < Required 2 0 Dirt Bikes Mountain Bikes 0 0 $ 0 0 0 0 Required 3 $ 0 Racing Bikes 0 0 $ 0 0 0

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1. The financial disadvantage per quarter of discontinuing the Racing Bikes is $19,500.

The financial advantage or disadvantage of discontinuing the Racing Bikes can be determined by comparing the net operating income (loss) of Racing Bikes ($15,200) with the net operating income (loss) of the total company ($54,700). The difference is calculated as follows: $15,200 - $54,700 = -$39,500. Therefore, the financial disadvantage per quarter of discontinuing the Racing Bikes is $39,500.

2. Based on the current information, the production and sale of Racing Bikes should be discontinued.

Based on the financial disadvantage calculated above, it is recommended to discontinue the production and sale of Racing Bikes. Since the Racing Bikes line is contributing a negative net operating income, discontinuing it would improve the overall profitability of the company.

3. A segmented income statement should be prepared to assess the long-run profitability of the product lines, but the table provided does not contain enough data to calculate the segment margins or net operating income for each product line.

Unfortunately, the table provided does not contain enough information to calculate the segment margins or net operating income for each product line. To prepare a properly formatted segmented income statement, we would need to know the variable manufacturing and selling expenses specific to each product line and the common fixed expenses allocated to each line. With this information, we could calculate the contribution margin for each product line and deduct the traceable fixed expenses to obtain the segment margin. The total segment margins would then be summed up to determine the net operating income (loss) for the company. However, since the necessary data is not provided, a segmented income statement cannot be prepared with the given information.

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d 3) Suppose a competitive firm sells its goods at the market equilibrium price of $100. The firm's cost function is TC = 100 + 10Q + 202. What will be the firm's profit maximizing quantity? How much profit will this form attain?

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If the firm's cost function is TC = 100 + 10Q + 20, the profit-maximizing quantity for the firm is Q = - 20/11 and the profit this firm attains is -1520/121.

Market equilibrium price of goods = $100Total cost function = TC = 100 + 10Q + 202We are supposed to calculate:

The profit-maximizing quantity of the firm.

Total Revenue (TR) = Price (P) × Quantity (Q)

Since the firm is a price-taker, the price of goods will be $100.

Quantity can be calculated as:

TR = P × Q ⇒ Q = TR / P

Now, let's find out the total revenue:

TR = PQ ⇒ TR = 100Q - 0.1Q²

By using the formula for finding out the maximum point of the quadratic function we get,

MR = ∂TR / ∂Q = 100 - 0.2QMC = ∂TC / ∂Q

= 10Profit (π)

= TR - TC

Total cost function: TC = 100 + 10Q + 202TC = 10Q + 302

Equating MR with MC:100 - 0.2Q = 10Q + 302110Q

= - 202Q

= - 202 / 110Q

= - 20/11

Substitute the value of Q in the total revenue function:

TR = 100Q - 0.1Q²TR

= 100 (- 20/11) - 0.1(- 20/11)²TR

= - 1818/11Profit (π)

= TR - TCProfit (π)

= [100 (- 20/11) - 0.1(- 20/11)²] - [10(- 20/11) + 302]Profit (π)

= - 1520/121

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When the actual sales-mix shifts toward a mix of products with lower contribution margins, there will be negative effects on a firm's:
Sales mix and sales quantity variances.
Sales volume and market mix variances.
Sales quantity and sales volume variances.
The following information for the past year is available from Gas Company, a company that uses machine hours to apply standard factory overhead cost to outputs:
Actual total factory overhead cost incurred $ 31,000
Actual fixed overhead cost incurred $ 18,000
Budgeted fixed overhead cost $ 13,000
Actual machine hours 8,000
Standard machine hours allowed for the units manufactured 5,500
Denominator volume—machine hours 6,200
Standard variable overhead rate per machine hour $ 3
2. Under a three-variance breakdown (decomposition) of the total factory overhead variance, the total factory overhead spending variance is:
$6,000 favorable.
$4,600 unfavorable.
$0.
$5,400 favorable.
$5,400 unfavorable.
Sales mix and sales volume variances.
Market mix and sales mix variance.
3. The master budget variance for a period reveals whether a company has achieved:
The sales level budgeted for the period.
Control of total expenses for the period.
Control of basic business processes.
An adequate return on investment (assets) during the period.
The master budgeted operating income for the period.
4. The development and implementation of a comprehensive framework for managing and controlling quality is best accomplished through which type of company interaction?
Executive decision making.
Board of directors meeting.
Divisional interaction.
Market research.
Cross-functional effort.

Answers

When the actual sales-mix shifts toward a mix of products with lower contribution margins, there will be negative effects on a firm's Sales mix and sales quantity variances. Shifting to products with lower contribution margins, results in lowering the selling price, reducing the sales quantity and impact the product's sales mix.

A lower sales mix leads to a decrease in the contribution margin which results in lower profitability. Hence, the sales quantity and sales volume variances of a company may decrease when it shifts towards lower contribution margin products.

The answer to the question is that sales mix and sales quantity variances will be affected if the actual sales-mix shifts towards a mix of products with lower contribution margins. Let us discuss the other question one by one:2. Under a three-variance breakdown (decomposition) of the total factory overhead variance, the total factory overhead spending variance is $6,000 favorable. 3.

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what interests you about working in accounts payable at a company like ours?

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Accounts payable is an exciting field that requires precision and attention to detail. It also allows you to work with numbers and financial records, which I find interesting.

Accounts payable is an essential part of the accounting and finance department of any company. It involves processing and recording financial transactions, such as bills and invoices, to ensure that vendors are paid accurately and on time.Working in accounts payable requires a high level of attention to detail since the accuracy of financial records is critical. I find this aspect of the job particularly interesting as it allows me to develop and hone my skills in record-keeping and accounting.

Also, I find the opportunity to work with numbers and financial records intriguing. I enjoy using my analytical skills to examine financial statements, identify patterns and trends, and make informed decisions.In addition to these reasons, working in accounts payable at a company like yours would provide a unique learning opportunity. As a company that operates in different industries, I would be exposed to different financial transactions, business models, and accounting practices. This exposure would enable me to expand my knowledge and understanding of the business world, which I find fascinating.

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In 1000 words,
Please tell us about your involvement in school and/or community activities in a few sentences. What does this scholarship mean to you and your education, and how are you preparing for a successful future?

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Active participation in school and community activities can have numerous benefits for students. It allows them to develop leadership skills, time management, and a sense of social responsibility.

Involvement in extracurricular activities such as clubs, sports teams, volunteering, or community service can also provide opportunities for personal growth, networking, and expanding one's horizons.

Regarding scholarships, they can play a vital role in a student's education. Scholarships provide financial support, reducing the burden of tuition fees and expenses, and enabling students to pursue higher education or specific career paths. Scholarships can open doors to opportunities that might not have been feasible otherwise, and they recognize and reward students' achievements and potential.

In preparing for a successful future, students can focus on academic excellence, developing relevant skills, seeking mentorship, exploring internships or job shadowing opportunities, and pursuing their passions. They can also engage in continuous learning, be proactive in seeking new experiences, and make use of available resources to enhance their knowledge and skills in their chosen fields. Ultimately, a successful future is built upon a strong foundation of education, dedication, and perseverance.

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An economy has a MPC of 0.80. Suppose only that taxes are increased by $300 billion. Calculate the tax mulitplier and determine the effect (amount and direction) on GDP. Multiplier est Amount = $bn Please enter only a Capital I, D, or S Direction: Increased (1) Decreased (D) or Stayed Constant (S)

Answers

The tax multiplier can be calculated using the formula: Tax Multiplier = -MPC / (1 - MPC)

In this case, the MPC (Marginal Propensity to Consume) is given as 0.80. Substituting this value into the formula:

Tax Multiplier = -0.80 / (1 - 0.80)

Tax Multiplier = -0.80 / 0.20

Tax Multiplier = -4

The tax multiplier is -4.

To determine the effect on GDP, we multiply the change in taxes ($300 billion) by the tax multiplier (-4):

Effect on GDP = Tax Multiplier * Change in Taxes

Effect on GDP = -4 * $300 billion

Effect on GDP = -$1,200 billion

The effect on GDP is a decrease of $1,200 billion.

Therefore, the tax multiplier is -4, indicating that a $300 billion increase in taxes will result in a $1,200 billion decrease in GDP. The direction of the effect is a decrease in GDP.

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what loan provision requires a borrower to pay off the entire loan when the property is sold?

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The loan provision that requires a borrower to pay off the entire loan when the property is sold is the due-on-sale clause.

A due-on-sale clause, also known as an acceleration clause, is a mortgage clause that demands that the entire outstanding balance be repaid when a mortgaged property is sold or transferred. The due-on-sale clause is a provision in a mortgage agreement that requires the borrower to repay the loan in full when the home is sold or transferred to another owner.

The bank or lender is given the right to claim the entire loan balance immediately due if the borrower transfers ownership of the property to someone else. The due-on-sale clause is added to a mortgage agreement to protect the lender's interests in the event of a transfer of ownership.

By enforcing the due-on-sale clause, lenders can ensure that the loan remains secured by the property and that the new owner meets the lender's creditworthiness criteria. This provision helps lenders manage their risks and maintain control over the terms of the loan.

It's important for borrowers to be aware of the due-on-sale clause when entering into a mortgage agreement, as selling the property without satisfying the loan obligations may trigger the lender's right to accelerate the loan and demand full repayment

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You are the Head of Production for a large food manufacturer with operations in Australia and New Zealand. The company is renowned for providing healthy food products. After years of poor profits, the new CEO, Alex Lee, started her job with the overriding goal of raising company profitability. In an effort to cut the cost of supplies, the Head of Procurement, Paul Jones, wants to buy supplies from a different, cheaper supplier. You can appreciate his point of view, but you are concerned that cheaper supplies would lower product quality. When you bring this concern to Alex, she says she wants you and Paul to work things out. But her instructions are unclear. ‘Sure, cutting costs is good for profits, but we also need to be careful to maintain our reputation for product quality.’
With reference to relevant organisational behaviour literature, what is the most effective conflict-resolution style for the above scenario? (4 marks) Compare this conflict resolution style with two alternative conflict resolution styles and explain why they are not appropriate in this scenario. (6 marks)
Write 500 words.

Answers

The most effective conflict-resolution style for the scenario described would be a collaborative or integrative style. This approach allows the Head of Production and the Head of Procurement to work together to address concerns about cost-cutting and product quality by engaging in open communication, problem-solving, and finding mutually beneficial solutions.

Alternative conflict resolution styles such as competing and avoiding would not be appropriate in this scenario as they may result in a win-lose situation or the avoidance of underlying issues. The most effective conflict-resolution style for the given scenario is a collaborative or integrative style. This approach encourages open communication, active listening, and a problem-solving mindset. In this case, the Head of Production and the Head of Procurement need to work together to find a solution that balances the goal of cutting costs with the need to maintain product quality.

Using a collaborative style would involve both individuals sharing their concerns, interests, and perspectives. The Head of Production can express the importance of maintaining product quality to uphold the company's reputation, while the Head of Procurement can present the financial benefits of sourcing cheaper supplies. Through open and respectful dialogue, they can identify potential alternatives or compromises that address both concerns.

For example, they could explore options such as negotiating with the current supplier for better prices, conducting thorough quality assessments of potential new suppliers, or exploring other cost-saving measures in different areas of the business that do not directly impact product quality. By actively involving both parties in problem-solving, a collaborative approach helps to build understanding, trust, and a sense of shared responsibility for finding the best solution.

In contrast, two alternative conflict resolution styles, competing and avoiding, would not be appropriate in this scenario. A competing style involves pursuing one's own interests at the expense of others, which could lead to a win-lose situation where either cost-cutting or product quality becomes the sole focus. This could result in resentment or dissatisfaction from the side whose interests are not prioritized.

Similarly, an avoiding style, where the conflict is ignored or postponed, would not address the underlying concerns and could lead to unresolved issues and ongoing tensions between the Head of Production and the Head of Procurement. Avoiding the conflict would not provide a satisfactory solution to the profitability and product quality challenges the company is facing.

In contrast, a collaborative style encourages active engagement, respect for differing perspectives, and the pursuit of mutually beneficial outcomes. It allows both individuals to work together to find a solution that meets the CEO's goal of raising profitability while safeguarding the company's reputation for product quality. By taking a collaborative approach, the Head of Production and the Head of Procurement can build a stronger working relationship and contribute to the overall success of the organization.

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You have forecast the economic activity for next year and estimate the following probabilities:

- having a boom next year is 20.0%
- having a stable economy is 55.0%
- having a recession is 25.0%.
You also forecast the price of Carbon Metals shares to be the following:

- $45 if there is a boom
- $25 if the economy is stable
- $15 if there is a recession.
What is the expected return on Carbon Metals if it is currently selling for $24 per share?

Question 29 options:

a)–9.43%
b)18.06%
c)26.50%
d)10.42%

Answers

The expected return on Carbon Metals, if it is currently selling for $24 per share, is approximately 10.42%.

To calculate the expected return on Carbon Metals, we need to multiply the possible returns by their respective probabilities and sum them up.

The expected return can be calculated as follows:

Expected Return = (Probability of Boom * Return in Boom) + (Probability of Stable Economy * Return in Stable Economy) + (Probability of Recession * Return in Recession)

Let's plug in the given values:

Expected Return = (0.20 * ($45 - $24)) + (0.55 * ($25 - $24)) + (0.25 * ($15 - $24))

Expected Return = (0.20 * $21) + (0.55 * $1) + (0.25 * -$9)

Expected Return = $4.20 + $0.55 - $2.25

Expected Return = $2.50

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Moving to another question will save this response. Question 8 The primary activity which was selected did not have the most relevance for the circumstances is a description of which reason why interventions fail? O wrong problem O wrong intervention O unskilled change agent O unclear or overambitious goals Moving to another question will save this response. 0.5 pol

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The reason why interventions fail due to the primary activity selected not being the most relevant for the circumstances is because of the wrong intervention.

When interventions fail, one of the key reasons can be attributed to the implementation of the wrong intervention. This means that the selected course of action or activity does not align with the specific circumstances or needs of the situation. Interventions are designed to address specific problems or challenges within an organization or system. However, if the intervention chosen is not the most relevant or appropriate for the given circumstances, it is likely to result in failure or ineffective outcomes.

The success of an intervention depends on accurately diagnosing the problem and selecting an intervention that directly addresses the root causes. If there is a misalignment between the intervention and the actual problem at hand, it can lead to wasted resources, time, and effort, ultimately resulting in failure. Therefore, it is essential to carefully assess the situation, consider all relevant factors, and choose the most suitable intervention that directly addresses the identified problem. Failing to do so can hinder the effectiveness of the intervention and undermine its potential for success.

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Discuss the effectiveness of non-price forms of competition such
as, (i) advertising and (ii) innovation (new products and new
processes) on firm performance and consumer welfare. (750
words)

Answers

Non-price forms of competition include advertising and innovation. Both of these forms of competition can be highly effective in improving the performance of a firm and enhancing consumer welfare.

Advertising is one of the most common methods used by businesses to gain a competitive advantage. It involves promoting a company's products or services to its target audience through various media channels such as television, radio, print, online, and social media. Advertising can be used to create brand awareness, inform customers about the features and benefits of a product or service, and persuade them to make a purchase. Moreover, advertising can be used to differentiate a company's products from its competitors' products by highlighting unique features and benefits.

Innovation is another effective form of competition. It involves the development and implementation of new products and processes that can improve a company's performance and enhance consumer welfare. Innovation can be in the form of new products, new services, or new ways of delivering existing products or services to customers. Advertising can help companies increase their market share, build customer loyalty, and generate more revenue. Innovation can help companies gain a competitive advantage by offering unique products or services, reducing costs, and improving the quality of their products and services. Therefore, firms that invest in advertising and innovation can achieve greater success in the marketplace.

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The entity reported the following information in 2020:
Cost of goods sold 500,000
Interest expense 10,000
Income tax expense 25,000
Operating expenses 190,000
Sales revenue 800,000

Instructions: Type the numerical answer 1, 2, 3. or 4 in the box after the question.
A. How much is to be reported as gross profit? Blank 1
1) 300,000
2) 110,000
3) 100,000
4) 75,000

B. How much is to be reported as net income? Blank 2
1) 300,000
2) 110,000
3) 100,000
4) 75,000

Answers

A. The gross profit to be reported is $300,000 (Answer 1). Gross profit is calculated by subtracting the cost of goods sold (COGS) from the sales revenue.  

In this case, the COGS is $500,000, and the sales revenue is $800,000. Subtracting the COGS from the sales revenue gives us $800,000 - $500,000 = $300,000, which is the gross profit. Therefore, the correct answer is 1) $300,000. Gross profit represents the amount of money left after accounting for the direct costs of producing the goods sold, and it provides an indication of the profitability of the company's core operations. In this scenario, the gross profit of $300,000 suggests that the company generated a healthy profit margin from its sales.

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4. Let's estimate the population mean price of a used Acura NSX. How large of a sample size is required to estimate the mean price within $1000 with 90% confidence, where the population standard devia

Answers

The sample size of the used Acura NSX would be, based on the standard deviation , 45 .

How to find the population mean ?

The sample size needed to estimate a population mean can be calculated using the formula for the confidence interval around the mean of a normally distributed population .

The formula for the sample size n is as follows :

[tex]n = ( Critical value / 2 * Standard deviation / margin of error )^2[/tex]

The critical value for a 90 % confidence from the standard normal distribution table is 1. 645 .

So, substituting in these values, the required sample size n is :

[tex]n = ( 1. 645 * 4, 100 / 1, 000) ^2[/tex]

n = ( 6. 685 ) ²

n = 44. 72

n = 45

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Full question is :
Let's estimate the population mean price of a used Acura NSX. How large of a sample size is required to estimate the mean price within $1000 with 90% confidence, where the population standard deviation equals $4100?

Service quality begins with people. All of our measurements to detect nonconformance do not produce a quality service; instead, quality begins with the development of positive attitudes among all people in the organization. How is this accomplished? Positive attitudes can be fostered through a coordinated program that begins with employee selection and progresses through training, initial job assignments, and other aspects of career advancements. To avoid complacency, an ongoing quality-improvement program is required. W. Edwards Deming believed that management was responsible for 85 percent of all quality problems and, therefore, had to provide the leadership in changing the systems and processes that created them. Management needed to refocus attention on meeting customer needs and on continuous improvement to stay ahead of the competition. His philosophy is captured in a 14-point program. Review Deming’s 14-Point Program on p. 194 and then compare/contrast his points to where you are in your organization. For example, #9 states, "Break down barriers between departments. Encourage problem-solving through teamwork and use of quality-control circles" (Bordoloi, p. 194). What does this look like in your organization? How do you plan on making sure this happens in your organization? How about the other points? Try to address 4-5 of these points in your post relevant to your organizational design.....PLEASE USE A CUSTOMER SERVICE ENVIRONMENT

Answers

The service quality starts with people; it begins with developing positive attitudes among all people in the organization through a coordinated program that starts with employee selection, progresses through training, initial job assignments, and other aspects of career advancements. Deming’s 14-Point Program comprises of a philosophy of quality management and includes an action plan to accomplish it.

In a customer service environment, Deming’s 14-Point Program can be used as a reference to bring in improvement in quality service. The points can be compared to the organization to understand where it stands and how it can improve. For example, #9 of Deming’s 14-Point Program states, "Break down barriers between departments. Encourage problem-solving through teamwork and use of quality-control circles" (Bordoloi, p. 194).

In a customer service environment, it means that each department must be well informed and coordinated with the other departments. Departments must be ready to share information and resources to serve customers better. Problem-solving through teamwork will help improve overall customer service quality. Another point is, "Drive out fear so everyone may work effectively for the company." It means that employees must feel safe while speaking their minds without the fear of any retribution. The customer service environment must foster an open culture where employees can share their feedback, opinions, and ideas for service improvements. For this to happen, an effective grievance handling process and performance appraisal system must be in place. The other points can also be addressed relevant to organizational design. For example, #1 states, "Create constancy of purpose toward improvement of product and service, with the aim to become competitive and stay in business." To implement this in the customer service environment, the organization must focus on customer satisfaction, continuously improving customer service, and introducing new services to stay competitive. The organization must create an environment of continuous improvement where all employees contribute to the success of the organization.

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Conduct an analysis of market structures:

Are perfectly competitive markets and their outcomes more preferred than monopolies? Compare the market structures and perfect competition and monopolies, and analyse the advantages and disadvantages of these market structures from the perspective of consumers, producers and a welfare maximising government.

Answers

Perfectly Competitive Markets:

In a perfectly competitive market, there are numerous buyers and sellers, homogeneous products, perfect information, ease of entry and exit, and no individual participant has the ability to influence prices. Some advantages and disadvantages of perfectly competitive markets are:

Advantages for Consumers:

Lower prices: Intense competition drives prices down, benefiting consumers who can purchase goods and services at lower costs.

Increased choices: With many sellers offering similar products, consumers have a wide range of options to choose from.

Consumer sovereignty: Consumers have the power to make choices based on their preferences, as sellers are forced to cater to consumer demands.

Advantages for Producers:

Level playing field: Producers have an equal opportunity to enter the market and compete based on their efficiency and quality of products.

Incentive for efficiency:

motivates producers to improve their production processes, reduce costs, and innovate to stay competitive.

Disadvantages for Consumers:

Lack of product differentiation: Homogeneous products may limit consumer preferences for variety or uniqueness.

Potential for market failure: Perfectly competitive markets may not allocate resources efficiently in the presence of externalities or public goods.

Disadvantages for Producers:

Limited market power: Individual producers have no market power and may struggle to earn significant profits in the long run.

Price takers: Producers must accept the prevailing market price determined by supply and demand forces.

Advantages for Welfare Maximizing Government:

Efficient allocation of resources: Perfect competition helps allocate resources more efficiently, leading to a higher overall level of economic welfare.

Consumer protection: Competition can drive producers to maintain quality and offer better customer service to attract and retain consumers.

Monopolies:

In a monopoly, a single firm dominates the market and faces no competition. This lack of competition grants the monopolist significant market power. Here are the advantages and disadvantages of monopolies:

Potential economies of scale: Monopolies may have the ability to achieve economies of scale, which can lead to lower average costs and potentially lower prices for consumers.

Innovation and R&D: Monopolies may have more financial resources to invest in research and development, leading to technological advancements and innovative products.

Disadvantages for Consumers:

Higher prices: Monopolies can charge higher prices due to their market power and lack of competition.

Limited choices: With no or limited competition, consumers may have fewer options to choose from, reducing their ability to find products that best match their preferences.

Advantages for Producers:

Higher profits: Monopolies can earn substantial profits due to their ability to set prices and control the market.

Market dominance: Monopolies enjoy a dominant position, allowing them to influence market trends and dictate terms to suppliers.

Disadvantages for Producers:

Lack of competitive pressure: Without competition, there may be less incentive for monopolies to innovate, improve efficiency, or respond to consumer demands.

Lack of consumer trust: Monopolies can face public scrutiny and distrust due to their market dominance and potential for abuse.

Advantages for Welfare Maximizing Government:

Regulating market power: Governments can regulate monopolies to prevent abuse of market power and protect consumer interests.

Promoting competition: Governments can introduce policies to encourage competition and prevent monopolistic practices.

Comparing Perfect Competition and Monopolies:

Perfect competition tends to benefit consumers through lower prices, increased choices, and consumer sovereignty. It also promotes efficiency and innovation among producers. However, monopolies can lead to economies of scale, potential innovation, and higher profits for producers. Nevertheless, they often result in higher prices, limited choices for consumers, and reduced competitive pressure. Governments play a role in ensuring

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1) Consider the following information:

State Probability Stock A Stock B Stock C

Boom 0.65 0.23 0.20 0.14

Bust 0.35 0.01 0.05 0.27

What is the expected return on an equally weighted portfolio of these three stocks? (Hint: Equally means that each stock has the same weight. Given that there are only 3 stocks, each has a weight of 1/3) Enter the answer with 4 decimals (e.g. 0.1234).

2)

Consider the following information:

State Probability Stock A Stock B Stock C

Boom 0.32 0.10 0.15 0.28

Bust 0.68 -0.05 0.25 -0.06

What is the expected return of a portfolio that has invested $13200 in Stock A, $9400 in Stock B, and $14500 in Stock C? (Hint: calculate weights of each stock first). Enter the answer with 4 decimals (e.g. 0.1234).

Answers

The expected return of the portfolio is 0.1867 (rounded to 4 decimal places).

The expected return on an equally weighted portfolio of these three stocks can be calculated by taking the weighted average of the expected returns of each stock. Since each stock has an equal weight of 1/3, we can calculate it as follows:

Expected return = (Probability of Boom * Return of Stock A) + (Probability of Boom * Return of Stock B) + (Probability of Boom * Return of Stock C)

+ (Probability of Bust * Return of Stock A) + (Probability of Bust * Return of Stock B) + (Probability of Bust * Return of Stock C)

Expected return = (0.65 * 0.23) + (0.65 * 0.20) + (0.65 * 0.14) + (0.35 * 0.01) + (0.35 * 0.05) + (0.35 * 0.27)

= 0.1495

Therefore, the expected return on an equally weighted portfolio of these three stocks is 0.1495 (rounded to 4 decimal places).

To calculate the expected return of a portfolio, we need to consider the weights of each stock. The weights can be calculated by dividing the investment in each stock by the total investment amount:

Weight of Stock A = Investment in Stock A / Total Investment

= $13,200 / ($13,200 + $9,400 + $14,500)

= 0.3993

Weight of Stock B = Investment in Stock B / Total Investment

= $9,400 / ($13,200 + $9,400 + $14,500)

= 0.2834

Weight of Stock C = Investment in Stock C / Total Investment

= $14,500 / ($13,200 + $9,400 + $14,500)

= 0.3173

Now, we can calculate the expected return of the portfolio by taking the weighted average of the expected returns of each stock:

Expected return = (Weight of Stock A * Return of Stock A) + (Weight of Stock B * Return of Stock B) + (Weight of Stock C * Return of Stock C)

Expected return = (0.3993 * 0.10) + (0.2834 * 0.15) + (0.3173 * 0.28)

= 0.1867

Therefore, the expected return of the portfolio is 0.1867 (rounded to 4 decimal places).

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1-Which resource category would include the CEO of General Motors? Labor Capital Entrepreneurial Skill Land 2- Which of the following is NOT one of the 5 fundamental Ideas of Economics? Equally Beneficial Trade Tradeoffs Incentives Scarcity 3- In Economics, the MARGIN refers to the last one, Marginal Revenue being the revenue from selling the last unit, for example True False 4- Economics does not utilize the Scientific Method. True False

Answers

1- The resource category that would include the CEO of General Motors is Entrepreneurial Skill.

The CEO of a company is responsible for providing leadership, making strategic decisions, and managing the overall operations of the organization, which falls under the category of entrepreneurial skills.

2- Equally Beneficial Trade is NOT one of the 5 fundamental Ideas of Economics. The five fundamental ideas of economics are Scarcity, Tradeoffs, Incentives, Opportunity Cost, and Marginal Analysis. Equally Beneficial Trade is not one of the core concepts.

3- False. In economics, the term "margin" refers to the additional or incremental change resulting from a decision. Marginal revenue, for example, refers to the revenue generated from selling one additional unit of a product. It focuses on the change at the margin rather than the total revenue.

4- False. Economics does utilize the scientific method. It employs various scientific approaches, including observation, hypothesis formulation, data collection, analysis, and testing. Economists use empirical evidence and mathematical models to study economic phenomena and make predictions. The scientific method is an essential aspect of conducting economic research and analysis.

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Mr. Derrick Barker provides you with the following financial information for the years 2018 through 2021 2018 During this year, Derrick starts a new business which, during its first year of operations, has business income of $19,700. In addition, because of his love of the outdoors, he begins to carry on a farming business on a part time basis. The farming business experiences a loss of $10,800 in its first year of operation. Using the proceeds of an inheritance, he makes a number of investments in common shares during the year. In 2018, these investments pay $1,850 in eligible dividends. As the result of dispositions in the year, he realizes $1,320 in capital gains and $4,620 in capital losses. 2019 This year Derrick's business has a business loss of $15,300. However, the farming business reports income of $2,300. Also during 2019, he receives $2,352 in eligible dividends and realizes capital gains of $2,300. He has no capital losses during the year. 2020 Derrick's business income for the year is $32,700. In addition, the farming business reports income of $3,480. He receives eligible dividends of $3,180 and realizes capital gains of $4,500. Once again, no capital losses are realized. 2021 Derrick's business experiences a business loss of $20,800. In addition, his farming business has a loss of $2,300. Although he receives $5,130 in eligible dividends, he is forced to sell some investments for much needed funds and realizes capital gains of $4,960 and capital losses of $15,980. Because of the nature of his farming activities, Derrick's farm losses are restricted. All of the dividends received are from taxable Canadian corporations. When he has a choice, he would like to deduct the maximum amount of any net capital loss carry overs and carry back any losses to the earliest possible year. was a full-time student with no federal income tax payable. This means that it would not be useful to carry back any type of loss to years prior to 2018. Derrick requires $15,500 in taxable income in each year to fully utilize his available tax credits. In applying carry over amounts, Derrick's Taxable income should not be reduced below $15,500. Required Calculate Derrick's minimum Net Income for Tax Purposes and Taxable income for each of the four years. Indicate the amended figures for any years to which losses are carried back. Also indicate the amount and types of loss carry overs that would be available at the end of each year.

Answers

Net Income for Tax Purposes is -$16,100. CNDCL stands for Canadian Dividend Carry Loss, CDCL stands for Capital Dividend Carry Loss, and NCLCO stands for Non-capital Loss Carry-over.

Derrick's minimum Net Income for Tax Purposes and Taxable income for each of the four years are as follows:

2018 Net Income for Tax Purposes = $ (19,700 - 10,800 + 1,850 + 1,320 - 4,620) = $ 8,450

Taxable Income = Max {8,450, 15,500} = $ 15,500 (since TI can't be less than $ 15,500)

2019 Net Income for Tax Purposes = $ (-15,300 + 2,300 + 2,352 + 2,300) = $ (-8,348)

Taxable Income = Max {(-8,348), 15,500} = $ 15,500 (since TI can't be less than $ 15,500)

2020Net Income for Tax Purposes = $ (32,700 + 3,480 + 3,180 + 4,500) = $ 43,860

Taxable Income = Max {43,860, 15,500} = $ 43,860 (since TI > 15,500)

2021Net Income for Tax Purposes = $ (-20,800 - 2,300 + 5,130 + 4,960 - 15,980) = $ (-29,990)

Taxable Income = Max {(-29,990), 15,500} = $ 15,500 (since TI can't be less than $ 15,500)

The amount and types of loss carryovers that would be available at the end of each year are as follows:

2018: CNDCL: $ 1,850 CDCL: $ 4,620 NCLCO: $ (1,320 - 4,620) = $ (3,300)2019: CNDCL: $ 2,352 CDCL: 0 NCLCO: $ (-8,348)2020: CNDCL: $ 3,180 CDCL: 0 NCLCO: $ (-8,348 + 4,500) = $ (-3,848)2021: CNDCL: $ 5,130 CDCL: $ 15,980 NCLCO: $ (-3,848 - 15,980) = $ (-19,828)

Net Income for Tax Purposes = Business loss + Farming loss + Net capital loss carry over + Farm loss carry over = -$20,800 - $2,300 + $13,000 + $13,000 = -$16,100

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In order to practice price discrimination a firm must: A. advertise their product. B. avoid detection by the government. C. be able to divide consumers into groups with different demands for their product. D. have a homogeneous product.

Answers

In order to practice price discrimination, a firm must have the ability to identify and separate consumers into distinct groups based on their willingness to pay or their demand for the product.

Price discrimination involves charging different prices to different groups of consumers based on their varying levels of demand, willingness to pay, or other factors.

By segmenting the market and charging different prices to different consumer groups, the firm can extract more consumer surplus and maximize its profits. This strategy relies on the firm's ability to identify and understand the different preferences and demands of various consumer segments.

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Moving to the next question prevents changes to this answer. Question 1 Under the contribution income statement, a company's contribution margin will be lower f Fixed selling, general and administrative expenses decrease O Variable manufacturing overhead decrease. O Fixed manufacturing overhead costs decrease. O Variable manufacturing overhead costs increase. Moving to the next question prevents changes to this answer. Question 2 Which of the following statement is CORRECT about the foundational assumption used in OVP analys O Behavior of revenue and costs can be graphed as a straight line O Selling price, variable cost per unit and total fixed costs are known and fuctuates The time value of money is considered Relative sales proportions of multiple products are known and fluctuates tinn prevents changes to this answer. Song hanges to this answer. Question 3 Which of the following way of cost assignment used to assign accumulated cost with an indirect relationship to a cost object? O Cost allocation Cost tracing O Cost accumulation Cost assignment

Answers

Solution 1:

Under the contribution income statement, a company's contribution margin will be lower if: Fixed selling, general, and administrative expenses decrease.

This means that the fixed expenses associated with selling, general, and administrative functions decrease. As a result, a smaller portion of these fixed expenses is allocated to each unit of product, reducing the contribution margin.

Solution 2:

The correct statement about the foundational assumption used in OVP (Operating Value Proposition) analysis is: Behavior of revenue and costs can be graphed as a straight line.

This assumption suggests that the relationship between revenue and costs can be represented by a linear equation. It assumes that changes in revenue and costs can be accurately depicted using a straight-line graph, simplifying the analysis and forecasting process. It also implies a constant selling price, a constant variable cost per unit, and fixed costs that remain constant within the relevant range.

Solution 3:

The correct way of cost assignment used to assign accumulated costs with an indirect relationship to a cost object is cost allocation. Cost allocation involves assigning indirect costs to cost objects based on a reasonable and logical basis, considering the indirect relationship between the cost and the cost object.

Cost tracing, on the other hand, involves directly assigning costs to a specific cost object with a direct cause-and-effect relationship. Cost accumulation refers to the systematic collection and recording of costs for further analysis, while cost assignment encompasses both cost allocation and cost tracing. Therefore, the correct option is: Cost allocation.

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Directions: Convert English to proper ASL gloss.

I have 2 sisters.

My Mom’s name is _______.

My dad has 2 brothers.

My cousin’s name is Mike.

What is your brothers name?

This is my friends daughter.

My Grandmas favorite color is purple.

That child is 2 years old.

I am a girl/boy. (Pick one)

I love my aunt!

Answers

Answer:

Explanation:

Here are the proper ASL gloss translations for the given English sentences:

I have 2 sisters.

GLOSS: SISTER 2 HAVE

My Mom’s name is _______.

GLOSS: M-O-M NAME _______

My dad has 2 brothers.

GLOSS: D-A-D BROTHER 2 HAVE

My cousin’s name is Mike.

GLOSS: COUSIN NAME M-I-K-E

What is your brother's name?

GLOSS: YOUR BROTHER NAME WHAT?

This is my friend's daughter.

GLOSS: FRIEND POSSESSIVE DAUGHTER

My Grandma's favorite color is purple.

GLOSS: G-R-A-N-D-M-A FAVORITE COLOR PURPLE

That child is 2 years old.

GLOSS: CHILD THAT 2 YEARS OLD

I am a girl/boy. (Pick one)

GLOSS: ME GIRL/BOY

I love my aunt!

GLOSS: AUNT POSSESSIVE LOVE

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The theory that focuses on improving the performance of individual workers is known as ______________________________.
a. classical management
b. administrative management
c. scientific management

Answers

The theory that focuses on improving the performance of individual workers is known as scientific management.

Scientific management is a theory that focuses on improving the performance of individual workers. Frederick Winslow Taylor, an American mechanical engineer, developed the concept of scientific management, which aimed to improve efficiency by breaking down each task into small, simple components and identifying the most efficient methods of performing them. Taylor's main objective was to increase productivity and efficiency by eliminating waste and increasing output. The scientific management method includes determining the best way to perform a job, selecting and training workers, and providing incentives to motivate workers. Managers employ this approach to improve work processes and reduce waste in the production process. The approach focuses on how work is done, with the aim of improving efficiency, productivity, and profitability of a business organization . Scientific management is a concept that has greatly impacted management studies, and many organizations continue to apply it in their daily operations to achieve high performance and profitability.

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.Use the spreadsheet to help format the answer please!

1. Ahmed and Ali are partners in a small business. Their partnership agreement states that net income is divided based on annual salaries of $40 000 for Ahmed and $50 000 for Ali, and an income ratio of 3:2. Calculate the net income allocation and record the journal entry, based on the following unrelated situations:

(a) net income of $200 000

(b) net loss of $8 000.

Answers

To calculate the net income allocation for Ahmed and Ali based on the given partnership agreement, we need to determine their respective shares.

Ahmed's share = Annual salary + (Income ratio * Net income)

Ali's share = Annual salary + (Income ratio * Net income)

(a) Net income of $200,000:

Ahmed's share = $40,000 + (3/5 * $200,000) = $40,000 + $120,000 = $160,000

Ali's share = $50,000 + (2/5 * $200,000) = $50,000 + $80,000 = $130,000

The journal entry to allocate the net income would be:

Income Summary $200,000

Ahmed's Capital $160,000

Ali's Capital $130,000

(b) Net loss of $8,000:

Ahmed's share = $40,000 + (3/5 * -$8,000) = $40,000 - $4,800 = $35,200 (negative value indicating loss)

Ali's share = $50,000 + (2/5 * -$8,000) = $50,000 - $3,200 = $46,800 (negative value indicating loss)

The journal entry to allocate the net loss would be:

Income Summary $8,000

Ahmed's Capital $35,200

Ali's Capital $46,800

Please note that the amounts calculated are based on the given information and the partnership agreement.

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what should a treasury staff do to improve forecasting accuracy

Answers

To improve forecasting accuracy, treasury staff can take the following steps:

Gather and Analyze Data: Ensure that relevant and reliable data is collected and analyzed from various sources, including historical financial records, market trends, economic indicators, and industry data. This data should be used to identify patterns, trends, and potential risks that can impact forecasts.

Use Advanced Analytics Techniques: Utilize advanced analytics techniques, such as statistical models, regression analysis, and predictive modeling, to enhance the accuracy of forecasts. These techniques can help identify relationships between variables, predict future outcomes, and account for uncertainties.

Collaborate with Stakeholders: Engage in regular communication and collaboration with key stakeholders, such as sales teams, procurement, finance, and operations, to gather insights and validate assumptions. Incorporate their inputs into the forecasting process to improve accuracy and alignment with business goals.

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An undesirable by-product of the factory system was: O a. Lack of strong government regulation O b. Higher taxes for the factory owners Oc. The creation of labor unions Od. Abuse of unskilled workers and children

Answers

An undesirable by-product of the factory system was: Od. Abuse of unskilled workers and children.

The factory system during the Industrial Revolution led to exploitative working conditions, particularly for unskilled workers and children.

With the rise of factories and mass production, there was a high demand for labor, and workers, including women and children, were often subjected to long working hours, low wages, dangerous working conditions, and lack of basic rights and protections.

The factory owners prioritized profits over the well-being of their workers, leading to the exploitation and abuse of vulnerable individuals, including unskilled workers and children.

This exploitation eventually sparked social movements and the formation of labor unions, as workers sought better working conditions and fair treatment.

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Other Questions
Uber - Riding the Gig Economy 1. Apply the five steps of the Planning Process to Uber's development of it's app-driven online cab service. 2. Outline the Strategic, Tactical and Functional plans Uber has concerning its new self-driving car program. Show at least one plus and one minus within each of the plans. 3. Plans rarely absolutely go to plan! It is impossible as variables in the environment keep changing and impact the company in different ways. What planning tools might Uber use to deal with some of the unexpected issues Uber has faced with its online cab business model. 4. How might Uber use Management by Objectives to work with municipalities and provinces to create the infrastructure and legislation needed to achieve its self-driving car goals? A swim team has 75 members and there is a 12% absentee rate perteam meeting.Find the probability that at a given meeting, exactly 10 membersare absent. Gus was recently laid off, and he is struggling to pay his bills and make ends meet. Gus is meeting with a staffing agency later in the week. As he prepares for the meeting, what should Gus say about his former company? Multiple Choice "I was able to learn from this experience. I now know what not to do in my next job." "I am so glad that job is over. I am surprised they were able to stay in business that long." "Whatever my next job is, please make it with a manager who cares about his employees and not just the bottom line." "My time there was time wasted. They kept us so isolated that we never even met the clients." Regarding the 4 risk response strategies Avoidance, Mitigation, Transference, Acceptance,a. Which strategy should not be applied for high-ranking risks, and why? (2 marks)b. Which strategy may not be applied if the root causes are not known, and why? (2 marks)c. Suppose inexperienced project manager is a risk in a particular project. To cater to this risk, one possible action is to replace the project manager with a more experienced person. Briefly explain which risk response strategy you are applying? (3 marks)d. Suppose replacing the project manager is not possible, describe another action plan based on a different risk response strategy to the one in (c). (3 marks) Your company, (insert a company name of your choice here), is considering an opportunity to develop and introduce a new product which will trick kids into eating healthy at breakfast. The product is a breakfast "treat" which is actually made from all healthy ingredients and contains no added sugar..and it tastes good. Based on your superior knowledge of the market, you think that this product line will last a minimum of 5 years before the kids catch on and start eating sugar-coated sugar cubes again for breakfast (when I was a kid, there was actually a cereal called Super Sugar Crisp).Getting up and running will cost the company $1,000,000 for capital equipment; there was an additional $400,000 for development expenses. The equipment is expected to have a useful life of 5 years (what a coincidence). The expected sales volumes are:Year 1: 400,000Year 2: 700,000Year 3: 900,000Year 4: 850,000Year 5: 600,000Your assignment is to figure out if this is a good idea and, of course, maximize your wealth.A few facts: Unit cost is $1.250 Profit margin is 37% on sell price Corporate income tax rate is 25.8% The companys cost of debt is 8% You will finance the entire $1,000,000 but you do have it in cash if required; the financing will be at 9% and only 1 payment per year (5 total payments) for simplicity.A few questions Is this a worthwhile program to invest in? What assumptions did you make? Are there any alternatives at the end of 5 years?Please use excel and explain the steps (Where numbers are coming from and which formulas are used in each step) Y = (AN)aKbEy. (Where Y = GDP, A = technology, K = capital, N = labor, E = energy and a = b = y = 1/3 )1) Use the growth accounting equation (by taking logs of the above equation) to compute the rate of growth of A. Let Y growth rate = 4%, growth rate of N = 2%, K increased by 3%, and E increased by 4%. A project has an initial cost of $7.900 and cash inflows of $2,100, $3,140, $3,800, and $4,500 per year over he next four years, respectively. What is the payback period? 3.70 years 2.28 years 2.70 years 3.36 years 3.28 years You are the manager of a large crude-oil refinery. As part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. The replacement and downtime cost in the first year is $175,000. This cost is expected to increase due to inflation at a rate of 8% for five years, at which time this particular heat exchanger will no longer be needed. If the company's cost of capital is 18% per year, how much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated? Redesigning jobs is a way for organizations to manage situations where workers are being paid more than they are contributing in terms of long-term productivity. True False how is the variable manufacturing overhead efficiency variance calculated? Which of the following standards is required by the Fair Labor Standards Act?A. Paying a minimum wageB. Notifying employees of a plant closingC. Verifying employment eligibilityD. Avoiding discrimination what were two major changes within american society and culture that were caused by the cold war? Consider a company that outputs 1,000 doohickies. The company's long-run production function is: q= K L where q is the number of doohickies produced, K is the quantity of capital rented, and I is the quantity of labor hired. MP (1) 1 MP, = (* The cost function is C=4K+L where C is the total cost a. What ratio of capital to labor minimizes total costs? b. How much capital and labor are needed to produce 1,000 doohickies? How much will these inputs cost them? what is the cost of a gallon of gas in 2010 for which 20.61% of prices are at or below that price? Gettysburg Addressby Abraham Lincoln1- Four score and seven years ago our fathers brought forth uponthis continent, a new nation conceived in Liberty and dedicated tothe proposition that all men are created equal. Now we areengaged in a great civil war, testing whether that nation, or anynation so conceived, and so dedicated, can long endure. We aremet on a great battle-held of that war. We have come to dedicate aportion of that field, as a final resting place for those who heregave their lives, that that nation might live. It is altogether fittingand proper that we should do this.2- But, in a larger sense, we cannot dedicate-we cannotconsecrate-we cannot hallow-this ground. The brave men, livingand dead, who struggled here, have consecrated it far above ourpoor power to add or detract. The world will little note, nor longremember what we say here, but it can never forget what they didhere. It is for us the living, rather, to be dedicated here to theunfinished work which they who fought here, have, thus far, sonobly advanced. It is rather for us to be here dedicated to the greatWhich of the followingexcerpts from Lincoln's"Gettysburg Address" utilizesemotional appeal to honor thesoldiers that died?A 'We here highly resolve that these deadshall not have died in vain"B. "But, in a larger sense"C. "Four score and seven years ago" classism, racism, ethnicity, poverty, and language are all components of The most accepted method for classifying consumer goods and services is based on consumer buying behavior. This method divides consumer goods and services into four general categories: convenience, shopping, specialty, and unsought. This exercise provides some general examples of products found in each category. Select the most appropriate category for each good or service listed. 1. Appliances convenience shopping specialty unsought 2. Automobile battery jumpstart services convenience shopping specialty unsought 3. Cemetery plots convenience shopping specialty unsought 4. Clothes convenience shopping specialty 5. Expensive wine convenience shopping specialty unsought 6. Gas convenience shopping specialty unsought 7. Jewelry convenience shopping specialty unsought 8. Milk convenience shopping specialty unsought analyze (manduka yoga mats marketing in canada )through the five dimensions of core societal values: Power distance, Individualism, Masculinity, Uncertainty avoidance, Long-term orientation. This analysis should make clear the reason why some products are successful in some cultures and not in others Intro Global Mickey Inc. has 27 million shares outstanding and a market capitalization of $2,028.24 million. The company plans to distribute $200 million to shareholders by repurchasing its own shares at the current market price. Assume perfect capital markets (ignore taxes and signalling effects). Part 1 | Attempt 1/5 for 2 pts. What should be the stock price just before the repurchase? Part 2 How many shares will the company repurchase (in million)?Part 3 What should be the stock price right after the repurchase? QUESTION TWO: MEDICAL ISOTOPES lodine 131, written 1, is a radioactive isotope used in medicine. lodine 131 decays to Xenon (Xe) by emitting a beta particle. a. (i) What is a beta particle? (ii) Com