You are the owner of a local organic food market in an urban area at the crossroads of four farming communities that supply fresh, organic foods. As the owner of the market, you are interested in growing the business. Customers in the area have been asking local vendors for more organic and locally sourced fresh food options. You decide to create a catering service for clients within 25 miles of the market to celebrate the market’s 10-year anniversary. You plan to start this catering business in 30 days to address the increasing market need for organic, fresh catering. Catering orders will be prepared and packaged at the organic food market and then driven to the customer’s location. Lunch orders will be delivered within 60 minutes of receiving the order. Special event catering orders will require one week to fulfill the order. The catering company has one van that will be used exclusively for catering services.
You have identified the following goals for this catering business:
• The catering business will need to be able to sell the same quality, organic foods that are sold in-store and supplied daily.
• The catering customers can be no farther than 25 miles from the store so that food can be delivered within an hour.
• The catering business should be profitable within one year.
• The cost of developing the catering business should not negatively impact the in-store retail operations budget, staffing, events, and farmer partnerships.
You plan to launch the catering business by providing a free catered lunch to the first 10 businesses that subscribe to the weekly lunch catering services. The catered lunch for each business will be for up to 30 people and will be held at a local conference center ballroom at noon on a day of the customer’s choosing. The budget for this launch of 10 catered lunches is $7,000. Two weeks before the launch, you are working with catering staff to calculate the costs of the launch to date, review tasks that need to be completed, and assess the overall impact of catering on in-store retail operations. You learn that the costs associated with the launch of the free catered lunches have already exceeded $7,700. Additionally, a local farmer that provides the fresh lettuce for lunch salads notifies you that the lettuce will not be available in time for the catered lunch. No other local farmers have lettuce available for purchase, and the only option is to use nonorganic lettuce in order to keep the menu as communicated to the 10 businesses subscribing to the weekly lunch catering services. A financial company representative wants to inquire about possibly financing your company for this project. The representative sends a request for information to you as listed in the requirements for this task.
Task 1: Project Management
A. Discuss how you would plan the catered lunch project by completing each of the following 5 distinct project management phases:
1. Project Initiation
a. (A1A) Describe the project and the need for the project. Include information from the provided scenario for support.
b. (A1B) Identify three relevant stakeholders and discuss how the project impacts each stakeholder.
c. (A1C) Discuss whether the project is feasible by addressing each of the three triple constraint components: scope, cost, and timeline.
2. Project Planning
a. (A2A) List three milestones for the project plan and provide a timeline for each milestone.
b. (A2B) Write a SMART goal for the project.
c. (A2C) Identify two different potential risks to this project’s success and describe how each risk could be managed.
3. Project Execution
a. (A3A) Discuss a way to address being over budget by 10 percent. Include information from the provided scenario for support.
b. (A3B) Discuss a way to address a scheduling conflict that could affect the timeline of the project. Include information from the provided scenario for support.
4. Project Monitoring and Control
a. (A4A). Discuss how scheduling conflicts and budget constraints could affect the scope of the project. Include information from the provided scenario for support.
5. Project Closure
a. (A5A) Discuss two ways to change how the project was planned, considering the timeline and budget conflicts that were encountered.
The owner of a bakery decides to drop the price of lemon cakes by 5%, how much does quantity sold have to rise to stop the revenue from decreasing
Answer:
5%
Explanation:
In the case when the bakery owner decided to decline the lemon cake price by 5% so here the quantity that should be sold should be increase in order to stop the revenue from reducing it by 5% as this is happen because of the price and the elasticity
So as per the given situation, the quantity sold should also be increased by 5%
On June 8, Williams Company issued an $82,039, 7%, 120-day note payable to Brown Industries. Assuming a 360-day year for your calculations, what is the maturity value of the note
Answer:
$83,953
Explanation:
Calculation to determine the maturity value of the note
Maturity value=$82,039+($82,039*0.07*120/360)
Maturity value=$82,039+$1,914
Maturity value=$83,953
Therefore the maturity value of the note is $83,953
Prepare journal entries to record the following transactions for the village of Radnor. Classify the expenditures as Parks supplies.
a. Placed purchase order 960 for supplies in the amount of $8,000 and purchase order 961 for supplies in the amount of $6,000. The purchase orders allowed the suppliers to ship and bill for additional quantities, up to 5 percent of the order.
b. Received the supplies ordered on purchase order 960, together with an invoice for $8,300. The supplies, including the additional quantities, were accepted, and a voucher was prepared for $8,300.
c. Received all the supplies ordered on purchase order 961, together with an invoice for $5,800. The supplier said that production costs were less than anticipated, and it was passing the lower cost on to Radnor. A voucher for $5,800 was prepared.
d. The voucher for $8,300 was paid.
Answer:
A. Dr Encumbrances $14,000
Cr Budgetary fund balance $14,000
B. Dr Budgetary fund balance $8,000
Cr Reserved for encumbrances Encumbrances $8,000
Dr Expenditures – Park supplies $8,300
Cr Voucher payable $8,300
C. Dr Budgetary fund balancereserved for encumbrance $6,000
Cr Encumbrances $6,000
Dr Expenditures – Parks supplies $5,800
Cr Vouchers – payable $5,800
D. Dr Voucher payable $8,300
Cr Cash $8,300
Explanation:
Preparation of Journal entries
A. Dr Encumbrances $14,000
Cr Budgetary fund balance $14,000
($8,000+$6,000)
B. Dr Budgetary fund balance $8,000
Cr Reserved for encumbrances Encumbrances $8,000
Dr Expenditures – Park supplies $8,300
Cr Voucher payable $8,300
C. Dr Budgetary fund balancereserved for encumbrance $6,000
Cr Encumbrances $6,000
($14,000-$8,000)
Dr Expenditures – Parks supplies $5,800
Cr Vouchers – payable $5,800
D. Dr Voucher payable $8,300
Cr Cash $8,300
At the Santa Barbara fishing hole, people come from all around to catch fish to sell at the fish market.The total number of fish caught is F= 10x−x2 where x is the number of fishermen. Suppose it costs each person $20 a day to fish and that fish sell for $10 each at the market. At the social optimum,how much would it hurt all the other fishermen (combined) if one more person started fishing?
(a) $30
(b) $20
(c) $10
(d) $40
Kent Fuller is in the 34 percent tax bracket. A nontaxable employee benefit with a value of $2,300 would have a tax-equivalent value of:____.
a. $345.
b. $1,523.
c. $1,948.
d. $1,155.
e. 1,500.
Answer:
$3,484.85
Explanation:
Calculation to determine tax-equivalent value
Using this formula
Tax-equivalent value=Nont-taxable amount/(1-Tax rate)
Let plug in the formula
Tax-equivalent value=$2,300/(1-.34)
Tax-equivalent value=$2,300/.66
Tax-equivalent value=$3,484.85
Therefore A nontaxable employee benefit with a value of $2,300 would have a tax-equivalent value of:$3,484.85
why is rent seeking bad for the economy?
Answer:
Explanation:
Rent seeking harms economic growth by reducing competition and innovation. It leads to the wasteful use of valuable resources and talents in unproductive activities and invariably redistributes resources from large unorganised populations to small organised groups.
Janetta Corp. has an EBIT of $1,010,000 per year that is expected to continue in perpetuity. The unlevered cost of equity for the company is 15 percent, and the corporate tax rate is 35 percent. The company also has a perpetual bond issue outstanding with a market value of $1.99 million.
Required:
What is the value of the company?
Answer:
$5,073,166.67
Explanation:
Calculation to determine the value of the company
Using this formula
VL= [EBIT(1 − TC) / R0] + TCB
Let plug in the formula
VL= [$1,010,000(1 − .35) / .15] + .35($1,990,000)
VL=[$1,010,000(0.65)/.15]+696,500
VL=($656,500/.15)+$696,500
VL=$4,376,666.67+$696,500
VL= $5,073,166.67
Therefore the value of the company is $5,073,166.67
During June, the company purchased 160,000 pounds of direct material at a total cost of $1,056,000. The company manufactured 20,000 units of product during June using 120,800 pounds of direct materials. The price variance for the direct materials acquired by the company during June is: (Do not round intermediate calculations.)
Answer:
Results are below.
Explanation:
We were not provided with the standard cost per pound of direct material. I will assume a cost of $7 per pound.
To calculate the direct material price variance, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (7 - 6.6)*160,000
Direct material price variance= $64,000 favorable
Actual price= 1,056,000 / 160,000= $6.6
Tim wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacation is priced at $750. He has only $1,537 in his checking account, so he cannot afford to purchase both. After much thought, Tim buys the computer and writes a check for $1,299. Identify what role money plays in each of the following parts of the story. Hint: Select each role only once. Role of Money Medium of Exchange Unit of Account Store of Value Tim has $1,537 in his checking account. Tim writes a check for $1,299. Tim can easily determine that the price of the computer is more than the price of the vacation.
Answer:
Role of Money in Each Part of the Story:
1. Tim can easily determine that the price of the computer is more than the price of the vacation = Unit of Account
2. Tim has $1,537 in his checking account = Store of value
3. Tim writes a check for $1,299= Medium of Exchange
Explanation:
Money is countable and can be used to value exchanges and calculate profits and losses, income and expenses, and debts and wealth. It can also be stored currently, retrieved at a later date, and exchanged for value in the future without significant loss of value. Money facilitates transactions between parties.
How does PESTLE help your strategic development team?
PESTLE helps in identification of business risks and threats an organization might face in the process of achieving the organizational goals.
What is PESTLE?PESTLE is a method of analysis in strategic management where there is focus on identifying the risks to the business even before the implementation of the activities.
Hence, the significance of PESTLE is aforementioned.
Learn more about PESTLE here:
https://brainly.com/question/14305249
#SPJ2
___________ are issued by administrative agencies to interpret and implement statutes enacted by a legislature
Answer:
"Regulations" is the correct answer.
Explanation:
Statutes of something like the legislative process shall be implemented or approved. Nevertheless, the statutes of elected officials or federal departments are generally understood as well as properly executed.Although most laws regulating conduct are adopted. Public administrators usually provide rules concerning the applicability as well as enforcement of statutory provisions.Even if a stock split has no information content, and even if the dividend per share adjusted for the split is not increased, there can still be a real benefit (i.e., a higher value for shareholders) from such a split, but any such benefit is probably small. True False
Answer:
True
Explanation:
Stock split is used to increase number of shares floating in the market. In this strategy current shares are increased by issuing more shares to current shareholders. This increases the number of shares which each shareholders holds while value of total shares remains the same.
Use the information for Geiberger Corporation from BE21.12, except assume the collectibility of the rentals is not probable. Prepare any journal entries for Geiberger on December 31, 2019.
In BE21.12
Geiberger Corporation manufactures drones. On December 31, 2019, it leased to Althaus Company a drone that had cost $120,000 to manufacture. The lease agreement covers the 5-year useful life of the drone and requires five equal annual rentals of $40,800 payable each December 31, beginning December 31, 2019. An interest rate of 8% is implicit in the lease agreement. Collectibility of the rentals is probable. Prepare Geiberger’s December 31, 2019, journal entries.
Answer:
Date Account title Debit Credit
12/31/2019 Lease Receivable $175,934
Cost of Goods sold $120,000
Sales Revenue $175,934
Inventory $120,000
Date Account title Debit Credit
12/31/2019 Cash $40,800
Deposit Liability $40,800
The rental amount is constant and is made on the first day of the lease period so this is an annuity due.
As the collectability is probable, you need to find the present value of this lease:
= 40,800 * Present value of annuity due factor, 5 year, 8%
= 40,800 * 4.3121
= $175,933.68
= $175,934
Cox (1997) has argued that the concept of the supply chain is insufficient and that it can on
be fully understood when it is mapped with a parallel value chain.
Answer:
Due to lack of practical approaches and avoidance of normal or location-scale distributions factors, a real parallel value chain is required
Explanation:
Remaining part of Question
Justify
Solution
According to Cox there was a difference in making theoretical decision as it takes into account only normal or location-scale distributions which implies that less money is preferred over more. Several measures such as variance, standard deviation, expected or absolute values of deviation in financial engineering and financial risk management of a supply chain poses it to the downside risk and hence there is a need of parallel value chain
The following describes production activities of Mercer Manufacturing for the year.
Actual direct materials used 18,000 lbs. at $4.15 per lb.
Actual direct labor used 5,555 hours for a total of $106,656
Actual units produced 30,060
Budgeted standards for each unit produced are 0.50 pound of direct material at $4.10 per pound and 10 minutes of direct labor at $20.20 per hour.
AH = Actual Hours
SH = Standard Hours
AR = Actual Rate
SR = Standard Rate
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
(1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.)
(2) Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)
Answer:
See below
Explanation:
1
Direct material price variance
= (Standard price - Actual price) × Actual quantity
= ($4.10 - $4.15) × 18,000
= -$0.05 × 18,000
= $900 Unfavorable
Direct material quantity variance
= (Standard quantity - Actual quantity) × Standard price
= (30,060 × 0.50 - 18,000) × $4.10
= (15,030 - 18,000) × $4.10
= -2,970 × $4.10
= 12,177 Unfavorable
2.
Direct labor rate variance
= (Standard rate - Actual rate) × Actual quantity
= ($20.2 - $106,656/5,555 hours) × 18,000
= ($20.2 - $19.2) × 5,555
= $1 × 5,555
= $5,555 Favourable
Direct labor efficiency variance
= (Standard quantity - Actual quantity) × Standard rate
= (10/60 × 30,060 - 5,555) × $20.2
= (5,010 - 5,555) × $20.2
= -545 × $20.2
= $11,009 Unfavourable
Teshoka Corporation makes computer chips. Teshoka Corporation would be classified as a: a. Manufacturing company b. Merchandising company c. Simple company d. Service company
Answer:
a. Manufacturing company
Explanation:
Manufacturing companies are ones that specialise in making finished goods from raw materials and various components.
Production is usually done on a large scale and finished products are either sold to the final consumer or to other manufacturers who can make more complex products.
So Teshoka Corporation who make computer chips can be classified as a manufacturing company.
During the 1990s, several airlines were on the brink of bankruptcy. These same airlines were giving away millions of dollars in free airline travel through their frequent-flyer programs. Do you think it would have been a good idea for these airlines to eliminate their frequent-flyer programs in order to earn higher profits?
Answer:
Assuming that the elimination of frequent-flyer programs would have enabled the airlines to earn higher profits and remain in business, then it would be a purely good idea for the airlines to eliminate their frequent-flyer programs.
The big question is, how much did the frequent-flyer programs cost the airlines? Would the cost-savings be sufficient to eliminate their bankruptcies? It is a known-fact that the airlines that create such programs always recover the program costs by charging higher fares.
Explanation:
The issue of airlines going bankruptcy does not seem to stem from customer-loyalty programs like the frequent-flyer programs. The root cause lies in operational and other costs that airline managements have not been able to control.
Corporation has 73,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend
Answer: See explanation
Explanation:
The entries to record the declaration and payment of the cash dividend will be:
Novemeber 1:
Debit Dividend expenses $146000
Credit Dividend payable $146000
(To record dividend payable liability)
December 1:
Debit Dividend payable $146000
Credit Cash $146000
(To record payment of dividend)
Note: Cash dividend was calculated as:
= 73000 × $2
= $146000
Treasury Bonds are generally considered safer than Corporate bonds. Yet both types of fixed income instruments are subject to some sources of risk. Which sources of risk typically affect the price of domestic Corporate Bonds more than Treasury Bonds.
Answer: Liquidity risk and Default risk.
Explanation:
The sources of risk that affect the price of domestic Corporate Bonds more than Treasury Bonds are the liquidity risk and the default risk.
Treasury bonds are referred to as the government debt securities that typically have more than 20 years of maturity and earn periodic interest until they mature. Corporate bond is the bond that is issued by a corporation.
Corporate bonds typically offer list risk which is why they pay high yields this they've more default risk than the treasury bonds.
At a firm's quarterly dividend meeting held on December 5, the directors declared a $1.50 per share cash dividend to be paid to the holders of record on Monday, January 1. Before the dividend was declared, the firm's accumulated retained earnings balance and cash balance were $1,280,000 and $30,000 respectively. The firm has 10,000 shares of common stock outstanding. On January 2, the cash, dividends payable, and retained earnings accounts had balances of ________.
Answer: $15,000, $0, and $1,265,000, respectively
Explanation:
Based on the information given in the question, the total amount of dividend will be:
= Outstanding shares × Dividend
= 10000 × $1.50
= $15000
Amount of cash balance will be:
= Ending cash balance - Dividend
= $30000 - $15000
= $15000
Dividend payable will be:
= $15000 - $15000
= $0
Retained earnings will be:
= $1280000 - $15000
= $1265000
Which of the following is a legal way for companies to avoid paying overtime
wages to their hourly workers?
A. Refuse to report their actual wages to the Department of Labor
B. Limit their working week to 40 hours
C. Ask employees to work less every other week
D. Avoid counting extra hours at the end of each week
Answer:
B limit their work week to 40 hours.
Explanation:
You can limit their hours but you can’t ask employees to not report wages they worked.
The ________ of a firm is the amount of time required for a company to convert cash invested in its operations to cash received as a result of its operations. Group of answer choices
Answer:
The cash conversion cycle of a firm is the amount of time required for a company to convert cash invested in its operations to cash received as a result of its operations.
is a field of study focused on understanding, explaining, and improving attitudes of individuals and groups in organizations. a. Organizational behavior b. Values in organizations c. Management d. Strategic human approach
Answer:
i think its a. Organizational behavior
In the Land of Milk and Honey, they produce two goods: Milk and Honey. In 2014, milk cost $2 a gallon and they produced 10 gallons. Honey cost $1 a pint and they produced 20 pints. In 2015, milk cost $2 a gallon and they produced 12 gallons. Honey cost $1 a pint and they produced 24 pints. In 2016, milk cost $2.50 a gallon and they produced 12 gallons. Honey cost $1.25 a pint and they produced 24 pints. The base year is 2015. Calculate real GDP in 2014.
a. $20.
b. $40.
c. $48.
d. $60.
e. $80.
f. $100.
g. $125.
Answer:
Land of Milk and Honey
The real GDP in 2014 is:
= b. $40.
Explanation:
a) Data and Calculations:
Milk Honey Total GDP
Cost per gallon in 2014 $2 $1
Quantity produced 10 20
Total production value $20 ($2*10) $20 ($1*20) $40 ($20 + $20)
Cost per gallon in 2015 $2 $1
Quantity produced 12 24
Total production value $24 ($2*12) $24 ($1*24) $48 ($24+ $24)
Cost per gallon in 2016 $2.50 $1.25
Quantity produced 12 24
Total production value $30 ($2.50*12) $30 ($1.25*24) $60 ($30 + $30)
The real GDP in 2014 is the calculated value of $40. Using 2015 as the base year, there is no inflation since the unit prices of milk and honey remained the same in both years.
The real GDP in 2014 would be $40.
What is GDP?The full form of GDP is gross domestic product. In simple words, it means the total of all value added produced in an economy.
The value added intends the value of goods and services that have been produced minus the value of the goods and services wanted to produce them.
Computation of the real GDP:From the given information, data and calculations are given in the image below:
Hence, The real GDP of the year 2014 would be $40. Taking 2015 as the base year, there is no inflation since the unit prices of milk and honey stay on the same in both years.
Therefore, option B is correct.
Learn more about GDP, refer:
https://brainly.com/question/4131508
Amy and Ethan are married and file a joint return for 2020. Their taxable income is $192,100. The amount of their tax liability, rounded to the nearest dollar, is $ .
Answer:
$34,264
Explanation:
Given :
Taxable income = $192,100
The 2020 federal tax bracket for 2020 is given thus for married and filing jointly for return :
If taxable income falls within the bracket : ($171,051 to $326,600)
$29,211 plus 24% of the amount over $171,050
Hence, this applies to Ethan and Amy's taxable income of $192,100 ;
There taxable income is :
$29,211 + 24% of $(192,100 - 171,050)
$29,211 + (0.24 * $21,050)
$29,211 + $5,052
= $34,264
You decide to make quality improvements in order to build brand esteem. brian's the site manager is in charge of general operations and employee management, first suggestion for achieving this goal is to fill upcoming staff openings with vet tech; they will cost at least 10% more than current caregivers, but would add strong, tangible evidence of quality. they could wear special name tags to inform customers that they are canine health care professionals.
Another option is to introduce one or more high quality, tangible new products. this approach is riskier beacuse it involves a large upfront investment in inventory and because you have limited experience in retail marketing. but a product development or product diversification strategy would have potential to boost revenues while reinforcing both brand esteem and brand recognition.
how should caninecare ehance its percieved quality?
Answer:
Canine Healthcare Company
The combination of the two approaches will skyrocket Canine's brand image more than a single strategy. However, the employment of the vet technicians seems like a logical short-term measure. It must be improved by a long-term approach, which involves a high-quality product development or diversification strategy.
Explanation:
The introduction of a high-quality, tangible new product is one strategy for improving the brand esteem in the eyes of customers. Product development or diversification strategy enhances brand image, reinforces brand esteem, and increases brand awareness and recognition. Increasing the number of vet technicians employed by Canine Healthcare is another strategy to show tangible evidence of enhanced brand image and quality.
Based on the following data for the current year, what is the inventory turnover? Sales on account during year $700,000 Cost of merchandise sold during year 270,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 a.2.7 b.2.5 c.3.0 d.9.7
Answer:
a. 2.7
Explanation:
Inventory turnover ratio = Cost of goods sold / Average inventory
Inventory turnover ratio = $270,000 / (($90,000 + $110,000) / 2)
Inventory turnover ratio = $270,000 / $100,000
Inventory turnover ratio = 2.7
Yoo need help ? Can anyone help me or lead me to where I can get good micro help
Answer:
Check the difference between each two / each pair if buyer and seller.
(note that the surplus could be split between them, making it effectively a win-win-scenario. but it could also be extremely good for one of them, yet just at the limit for the other one)
a) $11
b) $8
c) $6
d) add every max. buying price up ($64) and do the same with all the minimum selling prices ($33)
the difference between these two is your answer: $31
Under a job-order costing system, the dollar amount transferred from Work in Process to Finished Goods is the sum of the costs charged to all jobs:
Answer: completed in the period
Explanation:
Job order costing system refers to the system when small batches of the products are ordered by the customers. It is useful in knowing the cost that's used in the manufacturing of each product.
It's usually used when different products are being produced and the cost for each individual job need to be calculated. Under a job-order costing system, the dollar amount transferred from Work in Process to the finished goods will be the sum of the costs that's charged to all jobs that are completed in the period.
