Answer:
This question is incomplete, the options are missing. The options are the following:
a) Exhibitive.
b) Transit.
c) Direct mail.
d) Outdoor.
e) Print.
And the correct answer is the option A: Exhibitive.
Explanation:
To begin with, the term known as "Exhibitive Media", in the field of marketing and business, refers to the strategy used by the companies whose approach is in the point of sale marketing. This type of strategy focus on exhibiting the product to the costumer the closer as possible so it will generate an impulse on the client of buying the product without having it thought before seeing the product. A very common example of this strategy is the situation in where the supermarkets fill their lines to the cashier with other retails that have product that are attractive at first sight.
Use the following to answer the questions.
Star Supplies, Inc. manufactures commercial-grade floor cleaners, such as vacuums and floor polishers. The firm has recently begun manufacturing other janitorial-related product lines, such as paper products and chemical cleaners. Star Supplies distributes its products in two ways. It sells its vacuum, floor polisher, and janitorial supply products to an independent business that takes title to the products and then sells them to various small businesses throughout the region. Also, Star has a list of large businesses that it distributes to directly, on an as-needed basis. These businesses keep very little inventory and purchase janitorial supplies in small quantities. Recently, Star has decided to add two new service product lines-paper shredding and a uniform rental service. Clint Rodriguez, the marketing manager, is conducting a meeting to discuss the ways in which Star can strategically manage these new businesses. Star has the choice of marketing the paper shredding service to their large business clients, by picking up the paper as they drop off the other janitorial supplies, or they can buy a small paper shredding business and market to both large and small business customers. With regard to the uniform rental service, Star can either pick up and deliver the uniforms to the small businesses themselves, or contract that out to a third party.
Refer to scenario Currently, Star is using the ____ approach to distributing its janitorial supplies to its large customers.
A. intensive
B. just-in-time
C. segmented
D. outsourcing
E. exclusive
Answer:
B. just-in-time
Explanation:
Just in time (JIT) is an inventory management approach that is used by companies that want to reduce their inventory costs and they purchase their materials in smaller quantities whenever their productive system needs them. The goal is to keep the lowest possible inventory levels.
The following are two independent situations.
1. Conchita Cosmetics acquired 10% of the 210,100 shares of common stock of Martinez Fashion at a total cost of $15 per share on March 18, 2014. On June 30, Martinez declared and paid a $77,700 cash dividend. On December 31, Martinez reported net income of $122,500 for the year. At December 31, the market price of Martinez Fashion was $17 per share. The securities are classified as available-for-sale.
2. Monica, Inc. obtained significant influence over Seles Corporation by buying 33% of Seles's 33,500 outstanding shares of common stock at a total cost of $11 per share on January 1, 2014. On June 15, Seles declared and paid a cash dividend of $45,800. On December 31, Seles reported a net income of $94,600 for the year.
Prepare all necessary journal entries in 2014 for both situations.
Answer:
Journal entries are given below
Explanation:
All necessary journal entries in 2014 for both situations.
Situation 1
March 18, 2014 (Conchita Cosmetics acquired 10% of the 210,100 shares of common stock of Martinez Fashion at a total cost of $15 per share)
DEBIT CREDIT
Stock $3,151,500
Cash $3,151,500
June 30 ( Martinez paid a $77,700 cash dividend)
DEBIT CREDIT
Cash $77,700
Dividend Income $77,700
December 31 (the market price of Martinez Fashion was $17 per share)
DEBIT CREDIT
Securities $420,200
Unrealized gain $420,200
Working
Gain = $17 - $15 = $2 x 210,100
Gain =420,200
Situation 2
January 1, 2014 (Monica, Inc. acquired 33% of Seles's 33,500 outstanding shares of common stock at a total cost of $11 per share)
DEBIT CREDIT
Cash $368,500
Dividend Income $368,500
On June 15 ( Seles declared and paid a cash dividend)
DEBIT CREDIT
Cash $45,800
Dividend Income $45,800
The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: Ending Balances Cash ? Accounts receivable $ 8,900 Supplies inventory $ 5,500 Equipment $ 38,000 Accumulated depreciation $ 15,400 Accounts payable $ 2,600 Common stock $ 5,000 Retained earnings ? The beginning balance of retained earnings was $25,000, net income is budgeted to be $21,100, and dividends are budgeted to be $3,500.
Answer:
Mecca Copy
Budgeted Balance Sheet
Assets
Current assets:
Cash 13200
Accounts receivable 8900
Supplies inventory 5500
Total current assets 27600
Plant and equipment:
Equipment 38000
Accumulated depreciation (15400)
Plant and equipment, net 22600
Total assets 50200
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable 2600
Stockholders' equity:
Common stock 5000
Retained earnings 42600
Total stockholders' equity 47600
Total liabilities and stockholders' equity 50200
Note: Retained earnings = beginning balance of retained earnings + Net income - Dividend
= 25,000 + 21100 - 3500
= 42,600
Given a stock index with a value of $1,200, an anticipated dividend of $45, and a risk-free rate of 6%, what should be the value of one futures contract on the index
Answer: $1,227
Explanation:
The value of the futures contract should be calculated by the formula;
= Stock Index Value * ( 1 + risk free rate ) - dividends
= 1,200 * ( 1 + 0.06) - 45
= $1,227
Hudson Co. reports the contribution margin income statement for 2015. Assume sales remain constant at 10.000 units.HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2015Sales (10,000 units at $244 each) $2,440,000Variable costs (10,000 units at $195 each) 1,950,000Contribution margin 490,000Fixed costs 327,600Pretax Income $162,400Assume the company is considering investing in a new machine that will increase its fixed costs by $37,000 per year and decrease its variable costs by $8 per unit. Required:Prepare a forecasted contribution margin income statement for 2018 assuming the company purchases this machine.
Answer:
Results are below.
Explanation:
Giving the following information:
Selling price= $244
Unitary variable cost= 195 - 8= $187
Fixed costs= 327,600 + 37,000= $364,600
We need to determine the new pre-tax income:
Sales= 244*10,000= 2,440,000
Total variable cost= 187*10,000= (1,870,000)
Total contribution margin= 570,000
Fixed costs= (364,600)
Pre-tax income= 205,400
The Digby company will continue to train their existing workforce at their current level to help reduce turnover and improve productivity next year. Employee training costs have increased to $30 per hour. How much would their training costs per employee be to the nearest dollar
Answer:
$1,200
Explanation:
Data provided
Number of training hours = 40
Per unit cost = $30 per hour
According to the given situation, the computation of training costs per employee is shown below:-
Total cost = Number of hours × Per unit cost
= 40 × $30
= $1,200
Therefore for computing the training costs per employee we simply applied the above formula.
Answer:
$1200
Explanation:
The training cost per hour is $30 and if we see below in the Human Resources Summary, we can see that Digby Training Hours are 40 Hours.
This implies that:
Total Training Cost = 40 Hours * $30 per hour = $1200
If a company uses straight-line depreciation, the annual average investment can be calculated as: (Check all that apply.)
Answer: beg book value +the salvage value) / 2.
(the sum of annual average book values) ÷ asset’s life
(beg book value +the end book value) ÷ 2.
Explanation:
Depreciation is simply when an asset begin to wear and tear and thereby its value is reduced.Straight line depreciation is calculated when the difference between the cost of an asset and the expected salvage value is divided by the number of years it is projected to be used.
Using this method, the annual average investment can be calculated as:
• beg book value +the salvage value) / 2.
• (the sum of annual average book values) ÷ asset’s life
• (beg book value +the end book value) ÷ 2.
CAP stands for:________.
a. Change Acceleration Process
b. Continous Acceleration Process
c. Continous Action Process
d. Change Acceleration Project
e. None of the above
Answer: Change Acceleration Process
Explanation:
Change Acceleration Processes is defined as change management tools which are being utilized by an organization in order to make the changes applied to an effort quicker on order to achieve a goal.
It can also be defined as the set of tools and principles that are designed to make organizational change successful.
In most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed contract), the minor may ________ the contract
Answer: disaffirm
Explanation:
most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed contract), the minor may disaffirm the contract.
It should be noted that a contract that is signed by a minor unless in some rare exceptions is normally void and therefore, the minor can disaffirm the contract.
The operating margin measures tells you that for every dollar of sales XXXX dollars makes it to the net income line on the income statement.
A. True
B. False
Answer:
A. True
Explanation:
The Operating Margin is the profit obtained for every dollar of sale and this is the sames as saying a certain amount of sales makes it to the net income line on the income statement.
Victorinox is the name of the company that manufactures Swiss army knives. As a result of new regulations governing what passengers could carry with them on airplane trips, the company has lost 30 percent of its business. In other companies, this might have led to business failure, but because Victorinox had _____ plans, it was able to continue to operate profitably.
Answer: contingency plans
Explanation:
A contingency plan is a plan that's designed in order to take into consideration ever possible event or circumstance that may occur in the future.
The aim of a contingency plan is to help an organization hat back to its feet as soon as possible when an unforeseen event o circumstance happens.
I have question with it can you help me please??
Answer:
Pick-up Later:
Set a pickup date
Process the transaction
Place all the items in the pickup area near the front of the store
Place a note on the items indicating they are sold.
Explanation:
The purpose of the above procedure is to enable the customer to take delivery of purchased goods hitch-free. The pick-up area needs to be covered against rain so that the mulch and topsoil do not degrade. It is assumed that the customer's contact information and payment have been secured before the arrangement for pick-up later.
An organizationally-driven reason for outsourcing is that it can improve effectiveness by focusing on what the firm does best.
Answer:
True
Explanation:
Outsourcing is when a company gives some of its internal activities to an external party that takes the responsibility to get things done and one of the reasons for a company to do this is to get rid of activities that have to get done but that are not part of their core operations to be able to concentrate on their main activity and get those things done by experts which can help increase productivity. According to that, the answer is that the statement is true.
A company uses 40000 pounds of materials for which it paid $2 a pound. The materials price variance was $20000 unfavorable. What is the standard price per pound
Answer:
Standard price= $1.5
Explanation:
Giving the following information:
A company uses 40000 pounds of materials for which it paid $2 a pound. The materials price variance was $20000 unfavorable.
To calculate the standard price, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
-20,000= (standard price - 2)*40,000
-20,000= 40,000standard price - 80,000
60,000/40,000= standard price
standard price= $1.5
Stockholders in a corporation entrust control over the company's daily operations to managers selected by the board of directors to run the company. True or False True False
Answer: true
Explanation: stockholders also known as shareholders are individuals or entities that own shares of stock in a corporation. They are therefore the real owners of a publicly traded business, however, management runs it. Therefore, it can be said that stockholders in a corporation entrust control over the company's daily operations to managers selected by the board of directors to run the company.
27 The following information is related to the defined benefit pension plan of Dreamworld Company for the year: Service cost $ 60,000 Contributions to pension plan 110,000 Benefits paid to retirees 150,000 Plan assets (fair value), January 1 640,000 Plan assets (fair value), December 31 750,000 Actual return on plan assets 150,000 PBO, January 1 900,000 PBO, December 31 960,000 Discount rate 10 % Long-term expected return on plan assets 9 % Assuming no other relevant data exist, what is the pension expense for the year
Answer:
$92,400
Explanation:
Calculation for the pension expense for the year
PENSION EXPENSE
Service cost $60,000
Interest cost $90,000
(10%*900,000)
Less Expected return on plan assets ($57,600)
(9%*640,000)
Pension expense $92,400
Therefore the is the pension expense for the year will be $92,400
If a company reorganizes its operation to gain efficiency, the cost associated with this reorganization is classified as
Answer: Restructuring cost
Explanation:
Restructuring cost could be described as making expenses on rejuvenating or reviving or rebranding the company through spendings, which affects most of it's mode of operations, brings a change and innovation and ways to improve existing methods. This is capital intensive due to the work and changes required during the process.
intext:"A corporation issued 6,000 shares of its $2 par value common stock in exchange for land that has a market value of $84,000. The entry to record this transaction would include"
Answer:
Date Account Titles and Explanation Debit Credit
Land $84,000
Common stock $12,000
Paid in capital in excess of par value $72,000
Workings:
Amount of Common stock = Number of shares * Paid in capital per share
= 6,000 shares * $2
= $12,000
Amount of excess of paid in capital = Market value of land - Amount of common stock
= $84,000 - $12,000
= $72,000
Hawley company makes decorative wedding cakes. The company is considering buying the cakes rather than baking them, which will allow it to concentrate on decorating. The company averages 100 wedding cakes per year and incurs the following costs from baking wedding cakes.
Direct materials $550
Direct labor 950
Variable manufacturing overhead 150
Fixed manufacturing overhead 1,125
Total manufacturing cost $2,775
Number of cakes / 100
Cost per cake $28
Fixed costs are primarily the depreciation on kitchen equipment such as ovens and mixers. Hawley expects to retain the equipment. Hawley can buy the cakes for 28$.
1. Should Hawley make the cakes or buy them? Why?
2. If Hawley decides to buy the cakes, what are some qualitative factors that Hawley should also consider?
1. Should Hawley make the cakes or buy them? Why? (For the Difference column, use a minus sign or parentheses only when the cost of outsourcing exceeds the cost of making the cakes in-house.)
Make Outsource Difference
Cake costs cakes cakes (make—outsource)
Variable costs:
Direct materials
Direct labor
Variable manufacturing overhead
Purchase cost
Total differential cost of cakes
Hawley (should, should not) continue to make the cakes. Outsourcing will (decrease, increase) profits.
2. If Hawley decides to buy the cakes, what are some qualitative factors that Hawley should also consider?
A. Qualitative factors include considering sunk costs andmanager's opinions.
B. Qualitative factors include separating fixed and variable costs.
C. Qualitative factors include quality and on-time delivery.
D. Qualitative factors include contribution margins of the various products produced.
Answer:
1. Continue to Make the Cakes. Because the Cost of Outsourcing is greater that the cost of making by $1,150.
2. C. Qualitative factors include quality and on-time delivery.
Explanation:
Analysis of the Make or Buy Decision
Make Outsource Difference
Cake costs cakes cakes
Variable costs:
Direct materials $550 $0 $550
Direct labor $950 $0 $950
Variable manufacturing overhead $150 $0 $150
Fixed manufacturing overhead $1,125 $1,125 $0
Purchase cost $0 $2,800 ($2,800)
Total differential cost of cakes $2,275 $3,925 ($1,150)
Qualitative Factors.
Are non-monetary factors that need to be considered in decision making.
Assume that interest rates on 20-year Treasury and 20-year corporate bonds are as follows T-bond = 3.72% AAA = 4.12% A = 4.64% BB = 5.18% The differences in these rates were probably caused primarily by:
Answer: Default risk differences.
Explanation:
The Default risk is the inherent risk a lender faces that a borrower will not pay them back the debt they want to borrow. The lender will therefore charger a high return to cater for this risk. The higher the risk, the higher the return charged.
T-bonds have no default risk because they are guaranteed by the US Government which is why it's rate is the lowest. For the other bonds, there is something called a Credit rating. Bonds are usually rated on how risky it will be to lend to the company borrowing with AAA being of the lowest risk. Therefore as one goes up from AAA, the bonds will have higher default risks.
Brennan's Boats is considering a project which will require additional inventory of $128,000, will decrease accounts payable by $7,000, and will increase accounts receivable by $56,000. What is the initial project cash flow needed for net working capital?
Answer:
$191,000
Explanation:
Brennan's Boats is considering a project in this, the initial project cash flow needed for net working capital is $ 191,000.
What do you mean by the net working capital?The difference between a company's short-term assets and its short-term debts and liabilities is known as net working capital (NWC). Positive net working capital is excellent since it shows that a company's financial obligations have been met and allows it to invest in other operational needs.
Current assets less Current Liabilities equals Working Capital. An entity has a working capital deficiency, also known as a working capital deficit and negative working capital, if current assets are fewer than current liabilities.
Here,
Calculation of net working capital (NWC):
Net working capital = $128,000 + 7,000 + 56,000
Net working capital = $191,000.
Therefore, Brennan's Boats is considering a project in this, the initial project cash flow needed for net working capital is $ 191,000.
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The ______ rate of interest is the actual rate charged by the supplier and paid by the demander of fund
Answer:
nominal
Explanation:
There is a nominal rate that is the interest rate stated on a loan without taking into account the inflation or the compounding of interests and a real rate that is the one that is adjusted to reflect the real cost of the loan to the borrower. According to this, the answer is that the nominal rate of interest is the actual rate charged by the supplier and paid by the demander of fund because this is the rate that is stated when taking a loan.
When one nation can produce a product at lower cost relative to another nation, it is said to have a(n) __________________ in producing that product. Group of answer choices
Answer:
absolute advantage
Explanation:
In such a scenario the nation is said to have an absolute advantage in producing that product. Like mentioned, this term refers to the ability of a nation to be able to produce a greater quantity of a good, product, or service than its competitors at a lower cost. This allows the nation to profit massively as well as having more opportunities.
Item9 2 points Time Remaining 2 hours 55 minutes 49 seconds02:55:49 eBookItem 9Item 9 2 points Time Remaining 2 hours 55 minutes 49 seconds02:55:49 TB MC Qu. 6-143 Keyser Corporation, which has... Keyser Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 118 Units in beginning inventory 400 Units produced 2,100 Units sold 2,300 Units in ending inventory 200 Variable costs per unit: Direct materials $ 37 Direct labor $ 23 Variable manufacturing overhead $ 3 Variable selling and administrative expense $ 5 Fixed costs: Fixed manufacturing overhead $ 73,500 Fixed selling and administrative expense $ 29,900 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. What is the net operating income for the month under variable costing?
Answer:
Results are below.
Explanation:
Giving the following information:
Selling price $118
Units sold 2,300
Variable costs per unit:
Direct materials $37
Direct labor $23
Variable manufacturing overhead $3
Variable selling and administrative expense $5
First, we need to determine the total unitary variable cost:
Unitary variable cost= 37 + 23 + 3 + 5=$68
Variable cost income statement:
Sales= 2,300*118= 271,400
Total variable cost= 68*2,300= (156,400)
Total contribution margin= 115,000
Fixed manufacturing overhead= (73,500)
Fixed selling and administrative expense= (29,900)
Net operating income= 11,600
Fowler, Inc., just paid a dividend of $2.70 per share on its stock. The dividends are expected to grow at a constant rate of 4.5 percent per year, indefinitely. Assume investors require a return of 9 percent on this stock. a. What is the current price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the price be in six years and in thirteen years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Answer:
Fowler, Inc.a. Current price = Current Dividend/r - g
where r = Required Rate of Return
and g = growth rate
= $2.70/0.09 - 0.045
= $2.70/0.045
= $60
b. The price in six years' time, growing at 4.5%
= Current price x (1 + g)^6
= $60 x 1.30226
= $78.14
c. The price in thirteen years' time, growing at 4.5%
= $60 x 1.772196
= $106.33
Explanation:
a) Data and Calculations:
Current Dividend = $2.70
Dividends' constant growth rate = 4.5% p.a. indefinitely
Investors' required rate of return = 9%
Fowler, Inc.'s stock prices calculated using the dividend, growth rate, and investors required rate of return gives the intrinsic values of the stock for the current year, in six and thirteen years' time. The intrinsic value calculation eliminates the need to value the stock subjectively.
Often management is "under the gun" and want to solve problems and meet deliverables before logically assessing the situation. This problem is related to:________
a. Odecisive leadership
b. stakeholder framing.
c. misguided leadership
d. perceptual defense
e. identifying opportunities.
Answer:
decisive leadership
Explanation:
Decisive leadership is the leadership in which the leaders have to decide quickly for a particular thing. It is basically a capability for deciding with the speed and clarity of the things happen.
Also the quick decision result in a bad situation without knowing the impact of that decision
Therefore according to the given scenario, the "under the gun" represents the decisive leadership
Lead time for one of your fastest-moving products is 24 days. Demand during this period averages 110 units per day. a) What would be an appropriate reorder point? nothing units (enter your response as a whole number). b) How does your answer change if demand during lead time doubles? nothing units (enter your response as a whole number). c) How does your answer change if demand during lead time drops in half? nothing units (enter your response as a whole number).
Answer:
a.) reorder point = 2,640 units
b.) reorder point = 5,280 units (reorder point doubles)
c.) reorder point = 1,320 units (reorder point drops in half)
Explanation:
Reorder point is the inventory level (point) at which action is taken (order placed) to replenish the stocked item. It is calculated as follows:
Reorder point = (Lead time × average daily sales) + safety stock
Lead time = 24 days
average daily sales = 110 units
safety stock = 0 (not given)
a.) reorder point = (Lead time × average daily sales) + safety stock
reorder point = (24 × 110) + 0 = 2,640 units
b.) if demand during lead time doubles:
lead time = 24 days
average daily sales = (110 × 2) = 220
∴ reorder point = 220 × 24 = 5,280 units
Therefore the reorder point doubles
c.) if demand during lead time drops in half:
lead time = 24 days
average daily demand = (110 ÷ 2) = 55 units
∴ reorder point = 24 × 55 = 1,320 units
Therefore the reorder point drops in half.
Colorado experiences a record snowfall during the winter season. What impact will this have on the market for snowmobiles?
Answer:
The demand curve for snowmobiles will increase and the price of snowmobiles will rise.
Explanation:
Demand is defined as the quantity of a good that is requested by a customer at a given price and time.
In the given instance there was heavy snowfall during the winter season that will result in more people wanting to go out on the snow.
When there is a change in demand as a result of a factor apart from price demand shifts.
In this case demand will shift to the right (increase).
Demand will increase at an increased price.
This is illustrated in the attached diagram.
Demand shifts from D1 to D2 and price increases from P1 to P2
Almost certainly you have seen vending machines being serviced on your campus and elsewhere. On a predetermined schedule the vending company checks each machine and fills it with various products. This is an example of which category of inventory model?
Answer:
Fixed Time Period Model
Explanation:
a fixed time period model ensures that level of inventory is checked regularly for all items. therefore from the question, if the vending company checks each machine and fills it with various product the inventory method is Fixed Time Period Model.
Buy 100 shares of ABC if the market rises to $45, but don't buy the stock for more than $50." What is the appropriate order to be placed
Answer:
Buy ABC at 45 Stop 50 Limit
Explanation:
Since the customer wishes to buy the stock if the market rises to $45 per share , the appropriate order to be placed is 'Buy ABC at 45 Stop 50 Limit'.
Here, a buy stop order is the only order that allows stocks to be bought at a price above current market price unlike a buy limit order that is placed below the current market price hence cannot be used.
In a situation where the market moves to $45 or higher, it becomes a market order to buy because it is elected. Suppose the customer is no more interested in paying above $50 per share, the order must be ' Buy 100 ABC at 45, Stop 50 Limit.
