Vertical Analysis of Income Statement
For 20Y2, Fielder Industries Inc. initiated a sales promotion campaign that included the expenditure of an additional $40,000 for advertising. At the end of the
year, Leif Grando, the president, is presented with the following condensed comparative income statement:
3. PR.14-05B
Fielder Industries Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $1,300,000 $1,180,000
Cost of goods sold 682,500 613,600
Gross profit $617,500 $566,400
Selling expenses $260,000 $188,800
Administrative expenses 169,000 177,000
Total operating expenses $429,000 $365,800
Income from operations $188,500 $200,600
Other income 78,000 70,800
Income before income tax $266,500 $271,400
Income tax expense 117,000 106,200
Net income $149,500 $165,200
Required:
1. Prepare a comparative income statement for the two-year period, presenting an analysis of each item in relationship to sales for each of the years. Round to
one decimal place. Enter all amounts as positive numbers.
Fielder Industries Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 Amount 20Y2 Percent 20Y1 Amount 20Y1 Percent
Sales $1,300,000 % $1,180,000 %
Cost of goods sold 682,500 % 613,600 %
Gross profit $617,500 % $566,400 %
Selling expenses 260,000 % 188,800 %
Administrative expenses 169,000 % 177,000 %
Total operating expenses $429,000 % $365,800 %
Income from operations $188,500 % $200,600 %
Other income 78,000 % 70,800 %
Income before income tax $266,500 % $271,400 %
Income tax expense 117,000 % 106,200 %
Net income $149,500 % $165,200 %
2. The net income as a percent of sales has
. All the costs and expenses, other than selling expenses, have maintained their approximate cost as a percent of sales relationship between 20Y1 and 20Y2.
Selling expenses as a percent of sales, however, have . Apparently, the new advertising campaign been successful.
The increased expense produced sufficient sales to maintain relative profitability. Thus, selling expenses as a percent of sales have
Answers
As a percentage of sales, net income has fallen. Other than selling charges, all costs and expenses between 20Y1 and 20Y2 remained roughly the same as a percentage of sales.
Give a brief account on income statement.One of a firm's financial statements, an income statement displays the sales and expenses the company incurred within a specific time period. Managers and investors can determine whether a company made money during the reporting period by looking at the income statement.
Charitable organizations are not required to prepare an income statement but are instead required to disclose financial statements. Instead, they produce a comparable statement that contrasts funding sources with program costs, overhead costs, and other operating commitments. The declaration of actions is another name for this sentence. The donor constraints on the funds received and spend are used to further categorize revenues and expenses in the statement of activities.
To solve the question.
1. Comparative Income Statement and working note are attached below.
2. As a percentage of sales, net income has fallen. Other than selling charges, all costs and expenses between 20Y1 and 20Y2 remained roughly the same as a percentage of sales.
However, the percentage of selling expenses to sales has gone up. It appears that the new marketing initiative has been successful.
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Related Questions
. A(n) _____ is an individual who acts as an information broker between the mass media and the views and behaviors of an individual or group.
a. market maven
b. quality analyst
c. price purveyor
d. opinion leader
e. market leader
Answers
The correct option is Option D
An opinion leader is an individual who acts as an information broker between the mass media and the views and behaviors of an individual or group.
Opinion leader:
An involved media user must perform opinion leadership in order to interpret media messages or content for lower-end media users. Opinion leaders are frequently highly regarded by those who share their opinions.
Due to our propensity for consulting others for guidance in social settings, opinion leaders play a significant role in information flow. The target audiences for the mass media's information are not reached directly; instead, it is disseminated to them through a mediation process by powerful individuals. Certain traits of opinion leaders make them influential in the public's behavior and decision-making. Opinion leaders may support personal growth, enhance personal recognition, and assist others in performing tasks more effectively by sharing their knowledge.
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The __________ refers to the tendency to disregard outward signs of success and to consider yourself a fake, a fraud, one who does not really deserve to be considered successful.O hidden selfO Johari windowO Pygmalion effectO impostor phenomenonAnswer: impostor phenomenon
Answers
The impostor phenomenon describes the propensity to discount outside indications of achievement and to think of oneself as a charlatan who doesn't truly deserve to be regarded as successful.
What causes imposter phenomenon?Perfectionism and other personality traits, as well as a person's upbringing, are likely contributing factors to imposter syndrome. One hypothesis holds that families that place a high value on achievement are the root causes of imposter syndrome.Self-doubt and a sense of personal incompetence persist despite your education, experience, and accomplishments. This is known as imposter syndrome, also known as perceived fraudulence. You might end up pushing yourself to work harder and hold yourself to higher standards in an effort to combat these feelings.The impostor phenomenon is a widespread psychological perception of perceived intellectual and professional fraudulence. Although present in clinical and healthy populations, it cannot yet be diagnosed. Impostors research is becoming more prevalent in situations more than just clinical ones.To Learn more About impostor phenomenon refer to:
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The going concern assumption assumes that the business
a. will be liquidated in the near future.
b. will be purchased by another business.
c. is in a growth industry.
d. will remain in operation for the foreseeable future.
Answers
The going concern assumption assumes that the business will remain in operation for the foreseeable future.
What is the going concern assumption?A company is referred to as a "going concern" in accounting if it is anticipated that it will continue to operate for at least the following 12 months. It is based on the supposition that the company can make money, pay its debts, and won't need to liquidate in the upcoming year.An entity is considered to be continuing in business for the foreseeable future under the going-concern assumption. A going-concern basis is used to compile general purpose financial statements unless management has no choice but to do so or has plans to stop operations entirely.To learn more about going concern refer,
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Rose Bush Nursery purchased a delivery truck for $27,000. The truck is expected to have a useful life of 4 years and a residual value of $1,080. If the truck was purchased on June 1, 2013, what is the amount of depreciation expense for the truck for the year ended December 31, 2013?
$3,780
$1,080
$6,480
$3,240
Answers
The amount of depreciation expense for the truck for the year ended December 31, 2013 will be $3,780 if it has a residual value of $1,080.
What is residual value?The estimated value of a fixed asset at the conclusion of its useful life or lease term is known as the residual value, sometimes known as salvage value. In lease agreements, one of the lessor's main methodologies for figuring out how much the lessee must pay in periodic lease payments is the residual value. One of the components of a lease calculus or operation is residual value. It expresses the absolute future value of a good in monetary terms, and it is occasionally expressed as a percentage of the original purchase price. An automobile is sold today for the list price of $20,000.
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Which of the following would be classified as a situation where a third party benefits from a market transaction by others? O Increased levels of air pollution in neighborhoods near a football stadium Allowing a mining company to use a natural lake to discharge waste. City buying 10,000 trees for green-space renewal projects. Two firms trading pollution credits to avoid cutting their toxic emissions. Market failure describes a situation in which the market itself in a way that balances social costs and benefits. O remains outside the transaction fails to allocate resources efficiently O avoids externalities o incurs the costs outside the production process A public good is a good that is , and thus is difficult for market producers to sell to individual consumers. nonexcludable and nonrivalrous excludable or rivalrous O unexcludable or unrivaled O excludable and rivalrous In order for a good to be classified as when one person uses the good, others are also able to use it. O nonexcludable O unrivalrous nonrivalrous O unexcludable Many residents of a particular town enjoy taking their dogs with them when they go to their local park for recreation and picnics. Everybody enjoys the park more when each group cleans up after themselves and their pets, but nobody enjoys the act of cleaning up after themselves or their dogs. We can expect the park to be due to a o clean: prisoner's dilemma dirty : prisoner's dilemma O clean: positive externality O dirty : positive externality
Answers
Answer:
Explanation:
2 one and also the 5 one
A circumstance when a third party who is not involved in the transaction benefits from a trade between two parties is referred to as a positive externality.
What is positive externality?The term "externality" is used by economists to characterize any situation in which the price set by the market does not accurately reflect the full cost of an action. Unaccounted-for positive consequences are referred to as positive externalities. An externality is the impact that a business transaction has on a third party that is not a party to the business transaction.
Anything that benefits society as a whole is considered a positive externality. It comes about as a result of an economic transaction that benefits parties not involved in the transaction.
The market for education is one instance of an advantageous externality. The social benefit increases with an individual's level of education since more educated people have a tendency to be more enterprising, which means they contribute more to their community's economy.
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attacks require adversaries to send packets to a known service on the intermediary with a spoofed source address of the actual target system whereas
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In reflection attacks require adversaries to send packets to a known service on the intermediary with a spoofed source address of the actual target system.
What in marketing terms is a direct attack?a frontal assault
This is a frontal assault that draws on the strength of the opponents. Typically, the attack is carried out by providing clients with reduced prices, better products, aggressive advertising, or improved service quality. This kind of attack is dangerous because losing will harm your business's reputation, clients, and sales.
How does reflection attack work?In a reflection attack, the attacker sends a request for information, typically using the User Datagram Protocol (UDP) or, in some cases, the Transmission Control Protocol, while impersonating the target's IP address (TCP). The server then replies to the request by delivering a response to the IP address of the destination.
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a new employee has been hired for the customer service department and will be using a desktop computer in the office, along with the company intranet. which of the following policies would be most applicable to this user? remote access policy acceptable use policy byod privileged user policy
Answers
A network or other resource users must abide by in order to utilize it is covered by an acceptable use policy. Learn about the nine components that make up AUPs.
What is an illustration of a permissible use policy?The IT security policies of a business are governed by an AUP. These include prohibitions on utilizing public Wi-Fi, reading dubious email attachments, updating access data, such as passwords, accessing restricted information, and using authentication methods that have been approved by the firm.
What constitutes a lawful policy?An agreement between two or more parties that specifies the permitted use of access to a corporate network or the internet is known as an acceptable use policy, or AUP. is permitted and prohibited by this document is described.
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Communicating Effectively
Posttest
You work as an administrative assistant in an engineering firm. A co-worker constantly makes fun of the
engineers by whispering comments to you about the engineers' appearance and behavior.
Read the following possible courses of action and decide which is the BEST way to handle the situation
and which is the WORST way to handle the situation.
1. Make fun of the co-worker behind his back to get back at him.
2. Avoid the co-worker and suggest others do the same until he stops making comments.
3. Tell the engineers exactly what the co-worker says about them.
4. Confront the co-worker and tell him to stop making fun of the other people.
Which is the BEST way to handle the situation?
Option 1
Option 2
Option 3
Option 4
>
Which is the WORST way to handle the situation?
Option 1
Option 2
Option 3
Option 4
Answers
The Best way to handle the situation or communicate effectively the problem is Confront the co-worker and tell him to stop making fun of the other people. The Worst way to handle the situation is Avoid the co-worker and suggest others do the same until he stops making comments.
Thus, the best way is option 4 and worst way is option 2.
What is effective communication?The process of exchanging ideas, opinions, knowledge, and facts in order to ensure that the message is received and understood with clarity and purpose is known as effective communication. The sender and the receiver are both delighted when we communicate successfully.
You work as an administrative assistant in an engineering firm. A co-worker constantly makes fun of the engineers by whispering comments to you about the engineers' appearance and behavior. Confronting the the co-worker and telling him to stop making fun of the other people is the effective communication for the situation and avoiding the co-worker and suggest others do the same until he stops making comments is the worst way to deal with the situation
Therefore, Option 4 and 2 are the correct answers.
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A stable share price along with a fluctuating dividend based on market conditions is associated with.
Answers
Adjustable-rate preferred stock is characterised by a steady share price and a variable dividend dependent on market conditions.
What is the share price right now?It is the latest trading price for a single share or any other security. The present price serves as a starting point in an open market. It price that a buyer and seller would've been willing to pay for a later transaction involving that security.
How do I buy stocks?Using an online stockbroker is the easiest way to purchase stocks. You may quickly purchase stocks on the broker's website after creating and financing your account. Other choices include buying shares directly from the business or utilizing a full-service broker.
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a recent ad for a new dish soap emphasized the product's superior cleaning power as the main reason to buy the product. this represents the ad's .
Answers
This sums up the commercial appeal, subliminal signaling, messaging, benefit, and executional style of the advertisement.
Why are advertisements important?Advertisements, often known as advertisements or adverts, exist in a variety of formats, from copy to interactive video, and have developed into an essential component of the app store.
Reaching an audience is assured with advertisements. Advertisements can have a direct impact on business by being compelling and spending enough to reach your target audience. Among many other indicators, this effect may be evident in increased brand recognition or improved commerce. A KPI is frequently used in advertising strategies to gauge this effect.
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Of the options listed below, which are examples of diversifiable risk? I. Wildfires damage an entire town II. The federal government imposes a $1,000 fee on all business entities III. Payroll taxes are increased nationally IV. All software providers are required to improve their privacy standards Multiple Choice o I and IV only o II and III only o I and III only o I, III, and IV only o II and IV only
Answers
A. I and IV only. I. Wildfires damage an entire town. IV. All software providers are required to improve their privacy standards.
What are diversifiable risks?
The chance of losing money on investment because of a company- or industry-specific hazard is known as a particular risk or diversifiable risk. Unlike systematic risk, unsystematic risk can only be reduced via diversification for an investor. By making investments in a variety of assets, an investor uses diversification to reduce risk. The risk that is unique to a corporation is referred to as unsystematic risk (also known as diversifiable risk). This kind of risk could be brought on by spectacular occurrences like a strike, natural disasters like fires, or even something as simple as declining sales. Business risk and financial risk are two typical types of unsystematic risk.
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Lack of operational power, high fees, low percentage of reservations from the central reservation system are all ______ of franchising
A. benefits
B. Drawbacks
C. Trends
D. Bonuses
Answers
Lack of operational power, high fees, and low percentage of reservations from the central reservation system are all Drawbacks of franchising.
The Department of Defense defines operational energy as the energy required to train, move, and sustain troops and weapons platforms for military operations. The term includes energy used by tactical power systems, generators, and weapons platforms.
Operating energy is the energy required throughout the life of a structure, such as lighting, heating, cooling, and ventilation. and operate household appliances.
Operations management includes security monitoring, coordination of generation and transmission resources, coordination and approval of transmission state changes for maintenance, determination of transmission state changes for reliability, coordination with other equilibrium groups, and the Reliability Coordinator.
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Your company is trying to decide whether to proceed with a potential project. The project has a 62% chance of producing a $100,000 profit and a 38% chance of causing a $100,000 loss. Calculate the expected monetary value (EMV) for the project Answer (show all work): a) EMV for project is:
Answers
At Potential Project, we are on a mission to make work feel more human. In this new world of work, people are focused, calm and resilient, even happy at work.
How to Choose the Right Project?Because, as demonstrated in the lectures for the PMP certification program, the primary cause is due to the project's schedule and financial restrictions. Of course, any project will be expensive to complete. However, even if the budgetary restriction is removed, other factors like market competitiveness will prevent the completion of several projects.
The various project selection techniques will be discussed in this article along with the ideal times to employ each technique. The PMP training contains more thorough information on project selection.
Project managers' responsibilities include understanding why their project was chosen and how it fits into the organization's strategic goal. Due to the fact that during the project planning process.
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Indiana Jones Corporation enters into a 6-year lease of equipment on December 31, 2016, which requires six annual payments of $40,000 each, beginning December 31, 2016. In addition, Indiana Jones guarantees the lessor a residual value of $20,000 at the end of the lease. However, Indiana Jones believes it is probable that the expected residual value at the end of the lease term will be $10,000. The equipment has a useful life of 6 years. Prepare Indiana Jones’ December 31, 2016, journal entries, assuming the implicit rate of the lease is 6% and this is known to Indiana Jones.
Answers
Since buying the production business behind the series, Lucasfilm, in 2012 for $4 billion, The Walt Disney Company has been the owner of the intellectual property for Indiana Jones.
Who owns Indiana Jones's rights?
Since Paramount owns the rights to the Indiana Jones films, they can decide what transpires. The Indiana Jones films may eventually move to Disney+ after their Netflix licensing agreement ends. Fortunately, Indiana Jones 5 won't run into this problem.
In what capacity does Indiana Jones serve the state?
Additionally, the movie makes it abundantly obvious that Indy is a government mercenary and not an official agent. By itself, that seems to demonstrate how highly Americans respect individualism, making Indy, strangely, more "American" than the army personnel who hire him.
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True or false: When banks loan out some of their excess reserves, the monetary base increases by the amount of the loan. Explain your answer. 5 points. 2
Answers
True The monetary base is increased by the loan amount when banks lend out a portion of their excess reserves.
How can I quickly obtain a loan?You can apply for a personal loan online by contacting a bank or financial institution directly through their website to find out if you qualify, as well as to find out the interest rate and monthly payment. The money will be transferred to your checking account right away if the loan is granted.
Which banks easily provide loans?The finest banks in India for personal loans include HDFC, Hdfc, Bajaj FInancial sector, Tata Bank, and Kotak Mahindra.
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a vehicle that is offered on the current u.s. market with both a gasoline engine and a gasoline hybrid engine
Answers
Plug-in hybrid electric vehicles (PHEVs) are a combination of gasoline and electric cars.
What vehicles use both gas and electricity?Plug-in hybrid electric cars combine a gasoline engine and a battery-powered electric motor that can be recharged while plugged in. They allow you to drive as far as you want while still providing all-electric power for short trips.
Exists a vehicle that can run on both gas and electricity?A battery, an electric motor, a gasoline tank, and an internal combustion engine are all components of plug-in hybrid electric vehicles (PHEVs), which combine gasoline and electricity. PHEVs burn both gasoline and electricity as fuel.
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suppose canada and china can both produce cars and airplanes, and canada has a comparative advantage in the production of airplanes while china has a comparative advantage in the production of cars. also, suppose china has an absolute advantage in the production of both cars and airplanes. if so, china should
Answers
Consider as well that China has a clear advantage in the manufacture of both cars and airplanes. China should import aircraft from Canada and export automobiles to that country.
What is production and example?It refers specifically to the a production process or its result in its most basic form. Producers are organizations that create products and services, according to economists. These businesses produce goods that they market to clients. These businesses produce goods that they market to consumers. For instance, a clothing company produces clothing for clients. Producing something involves assembling it from components or raw resources. In other words, manufacturing uses inputs to create an output that is suitable for consumption—a goods or product with value for a consumer or end-user.
Why is production important?Economic theory heavily emphasizes the role of production. Due to the application of work to land, it generates value for the economy. Through the availability of goods and services, which translates to increased utility, production also raises the level of living and increases quality of life. The resources that make up the economy's foundation and are used as production factors by individuals to create commodities and services Land, labor, capital, & entrepreneurialism make up the four groups of components of production which economists differentiate.
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rolf, a citizen of new mexico, wants to file a suit against sandy, a citizen of texas. their diversity of citizenship may be a basis for
Answers
Rolf, a resident of New Mexico, intends to sue sandy, a resident of Texas. Because of their diversity of citizenship, a federal court might be able to exercise original jurisdiction over them.
What type of jurisdiction does the federal court exercise?Cases involving the United States government, the Constitution or federal statutes, including disputes between states or between the U.S. government and foreign governments, fall under the purview of federal courts.
In common law legal systems, a court's original jurisdiction is its authority to hear a case for the first time, as opposed to an appellate court's authority to review a lower court's ruling.
District courts, which are the trial court, circuit courts, which are the first level of appeal, and the Supreme Court of the United States, which is the ultimate level of appeal in the federal system, are the three primary levels of the federal court system.
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Complete Question:
Rolf, a citizen of New Mexico, wants to file a suit against Sandy, a citizen of Texas, relating to a motorcycle accident in which Rolf's injuries resulted in medical costs of more than $75,000. Their diversity of citizenship may be a basis for
the ferguson company estimated that october sales would be 126,000 units with an average selling price of $8.60. actual sales for october were 131,000 units, and average selling price was $8.55. the sales volume variance was: multiple choice $43,000 favorable. $42,750 unfavorable. $43,000 unfavorable. $42,750 favorable.
Answers
According to the given situation in the question the sales volume variance was $6550. Unfavourable
What does a variance mean in plain English?The spread between the numbers in a data collection is the simplest definition of variance. Each number's variance, or distance from the average and from all other numbers in the set, is measured statistically.
Briefing:Variance = (budgeted selling price - actual selling price) X actual units sold
Variance = (8.60 - 8.55) * 131,000 = $6550.Unfavourable
as if the budgeted price was charged it would result in higher revenue at the current level of activity.
The sales volume variance on the other hand is favourable as more units were sold than budgeted.
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According to the bond-yield-plus-risk-premium approach, a firm's cost of retained eamings, rs, can be estimated by adding a risk premium of 3 to 5 percentage points toa. its after-tax interest cost of debt, rsTb. its cost of preferred stock, rpsC. its return on equity (ROE)d. the risk free rate of return.e. its before-tax interest cost of debt, rs.
Answers
According to the bond-yield-plus-risk-premium approach, a firm's cost of retained earnings, rs, can be estimated by adding a risk premium of 3 to 5 percentage points to its before-tax interest cost of debt, Rs.
The bond-yield plus risk premium method makes it possible to figure out how much equity capital will cost. By adding the pre-tax cost of debt and the risk premium, which accounts for the higher yield on a company's stock when compared to its bonds, it calculates the cost of common equity. This can be used in place of the CAPM in real-world applications.
The Dividend Discount Model, Capital Asset Pricing Model, and Cost of Equity are some further related topics that you could find interesting to investigate.
Anyone who aspires to work as a banker, investment professional, corporate finance practitioner, or portfolio manager would find this open-access Excel template in XLSX format helpful.
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For each of the following network diagrams, determine both the critical path and the expected project duration. The numbers on the arrows represent expected activity times.a. Activity-on-arrow diagramPictureThe critical path is (Click to select)1–3–7–8–91–3–6–9–11–121–2–4–7–10–121–2–5–7–8–91–2–5–8–10–12.The expected project duration is .b. Activity-on-node diagramPictureThe critical path is (Click to select)1–2–4–6–8–91–3–7–8–91–2–5–7–8–91–3–6–9–11–121–2–5–6–8–9.The expected project duration is .c. Activity-on-arrow diagramPictureThe critical path is (Click to select)1–3–7–14–161–3–6–13–161–4–8–9–10–11–15–161–4–8–10–11–15–161–2–5–12–16.The expected project duration is .
Answers
a. The expected project duration is 31 weeks.
b. The expected project duration is 55 weeks.
c. The expected project duration is 44 weeks.
What is a project?An endeavor that is meticulously planned to accomplish a certain goal is referred to as a project. This task can be carried out alone or in a group. It might also entail design or research.
According to a different perspective, a project is managed as a series of related activities that must be completed within specific time, budget, and other constraints.
A project may be a transient (rather than a permanent) social structure (work system), sometimes staffed by teams (inside or across organizations) to carry out specific tasks under time limitations.
A project could be an independent system or a component of a larger program management effort.
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* Global sourcing: a business purchases materials, manufacturing components, or services from around the world, taking advantage of international wage gaps by contracting low-cost goods and services in foreign locations.
Answers
Global sourcing is a business technique in which a corporation contracts for low-cost goods and services in other countries, taking advantage of pay differences across borders.
What is the key benefit of global sourcing?One of the key benefits of global sourcing is cost reduction. Particularly in low-cost areas, many overseas suppliers and manufacturers provide their services at a competitive rate. Businesses can frequently purchase things at a cheaper unit cost because manufacturing costs are typically lower.
How might sourcing strategies raise productivity?The study discovered that strategic sourcing helps the organization to focus on its core functions that help the firm gain strategic advantage while also acting as a mechanism by which business conditions or problems are alleviated in a manner that is more efficient or effective.
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Product line pricing is the practice of marketing merchandise at variable prices negotiated between buyer and seller.False
Answers
The sale price will eventually be established as a result of negotiations between customers desiring things and sellers providing products.
What best determined someone who is resolute?What drives someone to be determined? To be determined is to make a solid decision to do something, particularly in connection to goals. People that are determined are frequently highly motivated and laser-focused on their goals. Despite any obstacles or difficulties, they keep a resilient attitude and persevere to succeed.
What is a determined example?He is adamant on keeping me. I was only more adamant as a result. Rhyn anticipated it and prepared to battle like he always had. I was adamant that I would know beans.
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Hudson is making a list of all the costs he must pay to operate his gift shop. He includes rent, utilities, employee compensation, and point-of-purchase tax. Why
should Hudson NOT have included point-of-purchase tax on his list of costs?
A. Because suppliers pay point-of-purchase tax
B.Because distributors pay point-of-purchase tax
C.Because shippers pay point-of-purchase tax
D. Because consumers pay point-of-purchase tax
Answers
Hudson NOT have included a point-of-purchase tax on his list of costs Because consumers pay point-of-purchase tax. Thus option D is correct.
What is point-of-purchase tax?Customers who purchase the priced items and operations only within the boundaries of the tax must pay a sales tax somewhere at point of the transaction. In the United States, a nation, or occasionally a municipality or county is in charge.
The tax was omitted by Hudson from his list of expenses. The cost to the user of the goods or services includes the tax in addition to the device's or provider's price. Therefore, option D is the correct option.
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database marketing does not work for some marketing situations. one of them would be purchases of candy.
Answers
False. Database marketing does work for some marketing situations. one of them would be purchases of candy.
What is Database marketing?
The systematic collection, compilation, and processing of consumer data is known as database marketing. Database marketing, often known as customer relationship management, is a type of direct marketing.
Customers' and potential customers' data is gathered and kept in a database by a business. An organization can better understand and market to its customers as a result of the process of gathering this data, perhaps increasing revenue.
Database marketing is a marketing tactic that can be used by businesses including merchants, technology vendors, insurance providers, and other service providers. The companies who have a huge client base will benefit the most from this marketing strategy since they will generate more transaction data, which opens up more opportunities to identify potential customers.
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Keep-Or-Drop Decision, Alternatives, Relevant Costs
Reshier Company makes three types of rug shampooers. Model 1 is the basic model rented through hardware stores and supermarkets. Model 2 is a more advanced model with both dry-and wet-vacuuming capabilities. Model 3 is the heavy-duty riding shampooer sold to hotels and convention centers. A segmented income statement is shown below.Model 1 Model 2 Model 3 Total
Sales $270,000 $598,000 $606,500 $1,474,500 Less variable costs of goods sold (89,500) (163,640) (352,800) (605,940) Less commissions (6,000) (27,500) (20,250) (53,750) Contribution margin $174,500 $406,860 $233,450 $814,810 Less common fixed expenses: Fixed factory overhead (410,000) Fixed selling and administrative (299,000) Operating income $105,810 While all models have positive contribution margins, Reshier Company is concerned because operating income is less than 10 percent of sales and is low for this type of company. The company’s controller gathered additional information on fixed costs to see why they were so high. The following information on activities and drivers was gathered:
Driver Usage by Model
Activity Activity Cost Activity Driver Model 1 Model 2 Model 3
Engineering $76,000 Engineering hours 710 71 219 Setting up 177,000 Setup hours 12,300 12,700 29,219 Customer service 112,000 Service calls 14,300 1,580 19,219 In addition, Model 1 requires the rental of specialized equipment costing $25,000 per year.
1. Reformulate the segmented income statement using the additional information on activities. Use a minus sign to indicate any negative margins. Do NOT round interim calculations and, if required, round your answer to the nearest dollar.
Reshier Company
Segmented Income Statement
Model 1
Model 2
Model 3
Total
$
$
$
$
Contribution margin
$
$
$
$
Less traceable fixed expenses:
Product margin
$
$
$
$
Less common fixed expenses:
Operating income
$
Answers
The amount that has been added to the dropping model is $31,547.
Here we have given that Reshier Company makes three types of rug shampooers.
And we need to find the amount added to the dropping model.
While we are looking into the given question, we have identified the value of each of the department expenses as,
=> Engineering rate = $86,000 ÷ (730 + 76+ 194) = $86
=> Setting up = $196,000 ÷ (12,100+ 13,200 + 29,179) = $3.5977
=> Customer Service = $100,000 ÷ (13,400 + 1,480+ 19,179) = $2.9360
=> Fixed factory overhead = $385,000 - 86,000-195,999 - 22,000 = $81,001
=> Selling and administrative expenses= $307,000 - 99,997 = $207,003
Now, we have to reformulated income statement suggests that the profit of model 1 is negative, then the company can choose either model 2 or 3. Therefore, the product margin of model 2 is maximum, choosing model 2 will be more cost effective,
Then the Dropping model 1 will add $31,547 to the operating income.
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A backward pass through a network is used to determine the earliest start and finish times for each project activity. t/f
Answers
This claim is untrue. The earliest start and finish times for each project activity are determined without performing a backward transit over the network.
How are the early start and early end times decided upon?In other words, the Early Start (ES) position of the first activity is set to zero when the calculation begins. To do the remaining calculations, apply the following formulas: Highest (or Maximum) EF value from the most recent Predecessor equals an early start (s) ES plus Duration equals an early finish.
What do the terms "early start" and "early end" in project management mean?Early Start: When an activity can start as soon as possible. The earliest time a particular activity can finish. The latest time that a task can start. the earliest time a particular activity can finish.
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if the entrepreneur fails to pay the loan, that collateral is given up or surrendered to satisfy payment of the debt.
Answers
The statement " if the entrepreneur fails to pay the loan, that collateral is given up or surrendered to satisfy payment of the debt." is true.
Give a brief account on collateral.Often, the sort of loan will predetermine the kind of collateral. Your home becomes the security for a mortgage when you apply. When you take out a car loan, the vehicle serves as collateral. Cars, provided they are fully paid off, bank savings deposits, and investment accounts are among the main forms of collateral that lenders accept. Retirement savings are rarely accepted as security.
Not only from payday lenders, but for other types of extremely short-term loans as well. Such loans are provided by conventional banks; the periods are often no more than a few weeks. Even in cases of true emergencies, you should carefully read the tiny print and compare rates. These short-term loans are an option.
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Equal opportunity laws
regulate employee rights to a safe work environment and reasonable minimum wage
regulate employee rights to medical services and compensation resulting from job-related injuries
require employers and employees to contribute to the Social Security fund
require employers to disregard gender, race, and ethnicity during the hiring process
Answers
Equal opportunity laws regulate employee rights to a safe work environment and reasonable minimum wage.
What is Equal opportunity laws?
Laws governing equal employment opportunities (EEO) forbid some forms of job discrimination in particular workplaces. The Civil Rights Center and the Office of Federal Contract Compliance Programs are two U.S. Department of Labor (DOL) organizations that deal with EEO monitoring and enforcement.
EEO is monitored in programs and initiatives receiving federal funding by the Civil Rights Center. Equal opportunity is likewise guaranteed by CRC for all DOL candidates and employees.
Employers with federal contracts and subcontracts are regulated by the Office of Federal Contract Compliance Programs.
The Equal Employment Opportunity Commission (EEOC) is an independent federal organization that works to advance equal opportunity in the workplace by enforcing federal civil rights laws administratively and legally, as well as by providing information and technical support.
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Which of the following is NOT a tool the Fed uses to manage the money supply?
A) open market operations
B) discount policy
C) deposit insurance
D) reserve requirements
Answers
Deposit Insurance is not a tool the Fed uses to manage the money supply. Deposit Insurance is a system in which the government insures deposits made in banks and other financial institutions up to a certain amount. The purpose of this insurance is to protect depositors from losses if the bank fails. This is an important benefit to consumers, as it provides them with some financial security in the event of a bank failure.
The Fed does not directly manage Deposit Insurance. This is the responsibility of the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the federal government that is responsible for insuring the deposits of banks and other financial institutions up to a certain amount. It is also responsible for examining and supervising banks and other financial institutions to ensure they are operating safely and soundly.
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