The option of orders to sustain business are, Anchoring new approaches in culture; Generating short-term wins; Creating the guiding coalition; Establishing a sense of urgency; Consolidating gains and producing more change; broad-based action; Communicating the change vision; Developing a vision and strategy.
What is a business?
The activity of running a business involves creating, purchasing, and reselling commodities in order to support one's lifestyle (such as goods and services). Furthermore, it refers to "any activity or enterprise undertaken for profit." The owner of the business is responsible and liable for any obligations made by the business since despite having a business name, they are one and the same. If the company accrues debts, the creditors may seize the owner's personal property. Corporate tax rates cannot be applied to a firm structure. All profits earned by the business are subject to personal taxation by the owner. The phrase is frequently used informally to refer to a business, such as a corporation or cooperative. However, attorneys and public officials do not use it in this way. Unlike sole proprietorships and partnerships, corporations are a distinct legal organisation that offers limited responsibility to its owners/members and is subject to corporate tax rates. Although establishing a company is more difficult and expensive, the owners/members are better protected and receive more benefits.
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Companies must continue to grow and seek out opportunities in order to sustain business. Total organizational change affects the thinking and behavior of everyone in the organization. It can enhance the organization's culture and success, and can be sustained over time.
Change is unpredictable and constant. Managing change is a fluid process with many variables impacting change; a shift in the economy, competitors entering or leaving the industry or the community, and emerging markets all require a company to change. Because companies introduce new changes constantly, getting employees to commit to changes can be challenging but is necessary for successful change. Management must question and carefully select those changes worth undertaking. Additionally, in order to minimize employees' resistance to change, management must outline how the change will benefit the company and its employees and then clearly communicate the benefits thoroughly, honestly, and frequently.
Please identify a firm using the various variables used in SCM and OHS&S as per legal requirements.
Canadian Tire Corporation is an example of Canadian firm involved in global operations and SCM.
How the company makes use of SCM and OHSThe company makes use of occupational safety and health and also supply chain management to ensure that the key operations in the firm are being carried out.
The company has over 1700 stores in the Canadian nation. They have workers that are about 100000. This form is one of the biggest retail shops in the nation.
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When must you wash your hands
Answer:
Before, during, and after preparing food. Before and after eating food. Before and after caring for someone at home who is sick with vomiting or diarrhea. Before and after treating a cut or wound.
wash your hands before and after always and preferably with antibacterial soap
Benchmark Company is viewed as the best company in Iffy's industry, the company against which all other companies in the industry compare themselves.
Which ONE of the following statements is TRUE?
The following DuPont framework ratios are for Iffy Company and Benchmark Company:
Iffy | Benchmark
Return-on-Sales (5%%) | (7%)
Asset Turnover (2.0) | (1.5)
Assets-to-Equity (2.0) | (2.0)
(B) Iffy | Benchmark Return-on-Sales (5%%) | (7%) is true about Benchmark Company is viewed as the best company in Iffy's industry
what is Benchmark ?Benchmarking is the process of contrasting corporate procedures and performance indicators with industry benchmarks and other businesses' best practices. The three main metrics are quality, time, and cost.
What is a benchmark example?Benchmarks, for instance, could be used to compare the operations of one retail location with those of another location in the same chain. External benchmarking, also known as competitive benchmarking, evaluates a company's performance in relation to that of other businesses.
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If the federal funds rate were below the level the Federal Reserve had targeted, the Fed could move the rate back towards its target by a. selling bonds. This selling would increase reserves. b. buying bonds. This buying would reduce reserves. c. selling bonds. This selling would reduce reserves. d. buying bonds. This buying would increase reserves.
Answer: c. selling bonds. This selling would reduce reserves.
Explanation:
If the Fed sold bonds, they would be taking money out of the system as people would buy the bonds and pay the Fed. When this happens, the reserves of money in banks reduces.
This leads to a situation where there will be less cash to loan out. This reduction in the supply of loanable funds will result in interest rates rising to reflect that loanable funds are now more scarce thereby pushing the federal funds rate back up to the level targeted.
what are some common work activities performed by executive administrative assistants? Check all that apply
1. Performing administrative activities
2.Operating vehicles
3. Communicating with supervisors, peers, or subordinates
4. Interacting with computers
5. Repairing and maintaining electronic equipment
6. Drafting, laying out, and specifying technical devices, parts, and equipment
Answer:
A,C,D
Explanation:
Edge 2020
Which of the following represent both
the Keynesian and Classical LRAS
Curves?
A. similar in nature
B. exactly the same
C. completely irreconcilable
Answer:
C completely irreconcilable
For which of the following situations are credit card use be most appropriate?
To purchase a car or home.
For any non-emergency expenditures.
For security when making online purchases.
To help you spend beyond your budget?
Credit card use is most appropriate for security when making online purchases. Credit cards provide an additional layer of protection against fraudulent transactions when making purchases online, as credit card companies typically offer zero liability for unauthorized purchases. Using a credit card can also help with tracking and disputing fraudulent transactions.
Credit card use is not appropriate for purchasing a car or a home, as these purchases typically require much larger amounts of money and would be better suited for a different type of financing. Using a credit card for non-emergency expenditures can also lead to accumulating high-interest debt and overspending beyond one's budget, which is not a financially responsible practice.
Which of the following typically involves the use of social networks to communicate and promote the benefits of products and services?a) social network shopping.b) social network advertising.c) door-to-door selling.d) word- of- mouth marketing.
Answer:
b) social network advertising
Explanation:
Advertising on social networks is being highly targeted by marketers, as the use of social networks has been growing more and more, through it it is possible to carry out the communication and promotion of product and service in a cheap, fast and dynamic way that can generate engagement and value, retain and attract new customers, in addition to creating a stronger relationship between customer and company, which positions the company in the market in a positive and competitive way.
Philosopher T.M. Scanlon makes four points about why we should be concerned with economic inequality. What did you think of his arguments? Are there any you find convincing? Explain your position.
Answer : yes , i find the following scriptures by philosopher convincing:
T.M. Scanlon, a philosopher, has made several points about why we should be concerned with economic inequality.
Fairness and Desert: Scanlon argues that economic inequality is a concern because it can violate principles of fairness and desert. He suggests that individuals should be rewarded based on their contributions and efforts rather than arbitrary factors like birth circumstances. This perspective implies that extreme economic disparities can undermine fairness in society.
Democratic Equality: Scanlon contends that economic inequality can undermine democratic equality by allowing the wealthy to exert undue influence over political decisions, potentially distorting democratic processes. This argument highlights the potential threat to the principle of political equality when wealth disparities are significant.
Social and Economic Power: Scanlon argues that economic inequality can lead to the concentration of social and economic power in the hands of a few, creating disparities in opportunities and social mobility. This perspective suggests that unequal distribution of resources can limit equal access to education, healthcare, and other important social goods.
Social Cohesion and Shared Identity: Scanlon posits that extreme economic inequality can erode social cohesion and undermine the sense of shared identity within a society. When there is a significant gap between the rich and the poor, it can lead to social divisions, conflicts, and a sense of alienation among different groups.
The persuasiveness of these arguments may vary depending on an individual's beliefs, values, and political ideology. Some may find Scanlon's points compelling, as they highlight the potential negative consequences of economic inequality on fairness, democracy, social mobility, and societal cohesion. Others may have different perspectives, emphasizing the importance of individual freedom, market dynamics, and the potential benefits of incentives provided by economic inequality.
It's crucial to engage in thoughtful discussions and consider multiple viewpoints to foster a comprehensive understanding of the complex issue of economic inequality.
Create a frozen seafood brand collaboration that will excite younger consumer
In order to create a brand, you must follow the steps below.
Investigate your target audience and competition.Choose your focal point and personality.Choose a name for your company.Create a slogan.Choose your brand's appearance (colors and font).Create a logo for your company.Use your branding across your company.What is a brand?A brand is a business and marketing idea that allows consumers to identify a certain firm, product, or individual.
Brands are intangible, which means they cannot be touched or seen. As a result, they contribute to the formation of people's impressions about businesses, their goods, or personalities.
Identifying markers are often used by brands to help develop brand identities in the marketplace.
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Retained earnings: Multiple Choice Is the cumulative net income (and loss) not distributed as dividends to its stockholders. Can only be appropriated by setting aside a cash fund. Represent an amount of cash available to pay shareholders. Are never adjusted for anything other than net income or dividends. Represents the amount shareholders are guaranteed to receive upon company liquidation.
Retained earnings refers to: A. the cumulative net income (and loss) not distributed as dividends to its stockholders.
Stockholder's equity can be defined as the amount of assets that are remaining or the residual interest of assets in a business after all liabilities have been settled or deducted.
In Financial accounting, stockholder's equity are primarily generated from two (2) main sources and these include;
Capital invested by shareholders.Retained earnings.Retained earnings are also referred to as accumulated earnings and it can be defined as the total amount of net income and loss that is held by a corporation for its future use, after paying out dividends to its stockholders. Thus, retained earnings are not distributed as dividends to a corporation's stockholders.
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what are the unethical practices being perpetrated of calling a executive of another business
The unethical practices being perpetrated of calling an executive of another business are
Unauthorized solicitationHarassment sensitive informationWithout their permission, making unsolicited calls to executives can be viewed as an invasion of their privacy and a transgression of their personal and professional boundaries.
Contacting an executive repeatedly or persistently despite their blatant disinterest or request to stop can be construed as harassment and be upsetting or disruptive to their work.
It is unethical and might be regarded as a violation of trust to try to coerce or trick an executive into divulging sensitive or confidential information.
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If the central bank can act as a lender of last resort during a banking panic, banks can.
If the central bank can act as a lender of last resort during a banking panic, banks can satisfy customer withdrawal needs and eventually restore the public's faith in the banking system.
A financial institution is a monetary group certified to receive deposits and make loans. There are several varieties of banks inclusive of retail, commercial, and investment banks. In maximum nations, banks are regulated by using countrywide authorities or vital financial institutions.
Although banks do many things, their number one position is to soak up funds—called deposits—from people with money, pool them, and lend them to individuals who need a price range. Banks are intermediaries among depositors (who lend money to the bank) and debtors (to whom the financial institution lends money).
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Write a 750-1,000 word paper that includes the following criteria: Describe the top three internal and top three external risks currently threating PHI data within your selected organization. Explain how risk assessments are conducted within the organization. Discuss who conducts these assessments and with what frequency. How do these assessments mitigate the risks you have identified
Answer:
as
Explanation:
ss
Grace is a self-employed sales consultant who spends significant time entertaining potential customers. She keeps all the appropriate records to substantiate her entertainment. She has the following expenses in the current year:
Meals where business was conducted $5,000 Greens fees (all business) 500
Tickets to baseball games (all business) 500
Country Club dues (all business use) 6,000
What are the tax-deductible meals and entertainment expenses Grace may claim in the current year? On which tax form should she claim the deduction?
Answer:
any options?
Explanation:
Answer: Schedule C
Explanation:
Question 2 of 8
2.0 Points
Income earned by the business from activities unrelated to its primary operations would be
classified as........ in the statement that measures its performance for a particular period.
Answer:
This type of income is known as non-operating income in the financial statements
Explanation:
Non-operating income, as the world implies, is the income that a firm earns from activities that are not related to its main economic activity. An example would be a mall, whose main activity is the rental and management of commercial real estate, earning some income from short-term investments in the secondary market. This interest would be reported as non-operating income, and would be treated as such for financial, accounting, and tax purposes.
Problem-6; (chapter 3) SS Ltd. obtained significant influence over YY Ltd by buying 30% of Y's 100,000 outstanding ordinary shares at a cost of Br 18 per share on January 1, 2022. On May 15, YY declared and paid a cash dividend of Br 150,000. On December 31, YY reported net income of Br 270,000 for the year. (a) record acquisition of shares (a) record revenue and dividends
(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.
(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.
(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:
Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000
Cash Cr. Br 540,000
This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.
(b) To record revenue and dividends for the year:
On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.
Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)
Revenue from Investment in YY Ltd. Cr. Br 45,000
This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.
On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.
Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)
Revenue from Investment in YY Ltd. Cr. Br 81,000
This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.
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Which approach to generalized discrimination problems do you think is better suited to explaining
historical discrimination?
Over the duration of this online course, you’ll work through the following modules:
MODULE 1 What is discrimination and why should we care?
Explore the sources and facets of discrimination, and understand how reducing it can benefit individuals, businesses, and society.
MODULE 2 Measuring discrimination
Discover different tools to measure discrimination and investigate their advantages and flaws.
MODULE 3 Interventions to fight discrimination
Explore policy interventions to fight discrimination, removing discrimination at the hiring stage and improving outcomes within the firm.
What is the difference between final goods and intermediate goods?
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
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er taxes, of R227 000 and preference share dividends of R10 000. If the company had a number of ordinary shares outstanding of 76 262, what was its earnings per share (EPS)?
The company's earnings per share (EPS) was calculated to be R3.03
Earnings per share (EPS) is calculated by dividing the company's net income by its number of outstanding shares. In order to calculate EPS, we must first calculate the company's net income. The net income of the company is given as R227,000 from regular taxes and R10,000 from preference share dividends. Therefore, the company's total net income is R237,000.Next, we must calculate the company's earnings per share (EPS). We are given that the company had a number of ordinary shares outstanding of 76,262. Therefore, the company's EPS is calculated as follows:Earnings per share (EPS) = (Net income - Preferred dividends) / Number of outstanding sharesEarnings per share (EPS) = (R237,000 - R10,000) / 76,262Earnings per share (EPS) = R3.03Therefore, the company's earnings per share (EPS) was R3.03.Summary: Earnings per share (EPS) is calculated by dividing the company's net income by its number of outstanding shares. In this problem, we are given that the company had a net income of R237,000 from regular taxes and preference share dividends, and a number of ordinary shares outstanding of 76,262. Therefore, the company's earnings per share (EPS) was calculated to be R3.03.For more questions on Earnings per share (EPS)
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Which of the following statements is true of the international business strategy of licensing?
It allows a firm to enter a foreign market with relatively little risk. The following statements are true of the international business strategy of licensing.
What is business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
An international business of licensing refers that the agreement. That has involved the two firms from different countries, The rights or resources are manufactured in foreign countries. The resources and rights may include patents.
Therefore, The statement is absolutely true. About The international business strategy of licensing.
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Shane is a newly hired inventory manager at a manufacturing firm. What can he do to avoid shortages or excess quantity of inventory?
Answer:
take inventory on how much product he has and how much he needs
Explanation:
Answer:
Honestly not sure but I personally put "C. plan appropriate order cycles for the inventory"
Explanation:
Plato
The following model is a simplified version of the multiple regression model used by
Biddle and Hamermesh (1990) to study the trade-off between time spent on sleeping and working
and to look at other factors affecting sleep:
Where sleep and totwrk (total work) are measured in minutes per week and educ and age are
measured in years.
A. If adults trade off sleep for work, what is the sign of ?
B. What signs do you think and will have?
Using the data we estimated the equation and obtained (the standard errors in brackets):
Sleep = 3.638.25 - 0.148 totwrk - 11.13 educ + 2.20age
(112.28) (0.017) (5.88) (1.45)
n = 706 R2 = 0.113
C. Is either educ or age individually significant at the 5% level against a two-sided
alternative?
Dropping educ and age from the equation gives
Sleep = 3.586.38 - 0.151 totwrk
(38.91) (0.017)
n = 706 R
2
= 0.103
Are educ and age jointly significant in the original equation at the 5% level?
D. Does including educ and age in the model greatly affect the estimated trade-off between
sleeping and working?
E. Suppose that the sleep equation contains heteroskedasticity. What does it mean about the
tests computed in B and D
Answer:
A. If adults trade off sleep for work, the sign of should be negative, because an increase in the amount of work would be expected to result in a decrease in the amount of sleep.
B. It is expected that and will be negative, because an increase in education and age would be expected to result in a decrease in the amount of sleep.
C. Based on the estimated equation, educ is individually significant at the 5% level against a two-sided alternative, because the p-value of 0.000 is less than 0.05. Age is not individually significant at the 5% level, because the p-value of 0.139 is greater than 0.05.
D. Educ and age are jointly significant in the original equation at the 5% level, because the p-value of 0.000 is less than 0.05.
E. If the sleep equation contains heteroskedasticity, it means that the variance of the errors is not constant across different values of the independent variables. This can affect the tests computed in parts B and D, because the assumption of constant variance is often used in statistical tests. Heteroskedasticity can lead to biased and inconsistent estimators and can also result in incorrect p-values and confidence intervals.
Explanation:
Which of the following is true of earning a college education?
O A. College graduates can expect greater opportunities for career
advancement
B. College graduates always get the job they want.
C. College graduates can expect to stay in the same job for a longer
period of time.
O D. College graduates always get internships while in college.
College graduates can expect greater opportunities for career advancement is true of earning a college education. Hence, option B is correct.
What is career advancement?Advancement in your career means, in the broadest sense, moving to the next level. This kind of advancement might be accompanied by a better work title, more duties, broader skill sets, and a higher compensation.
Career development boosts worker productivity and motivation. You can attract top talent and keep valuable personnel by paying attention to their career development. The Philosophy of Human Resources Management requires that employers support their employees' professional development and advancement.
Building your abilities and establishing goals for growth are essential for job success. You should generally concentrate on the three categories of abilities: functional, self-management, and specialized knowledge skills.
Thus, option B is correct.
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What is the total risk for Raytheon ($RTX) for 2022?
Hint: total risk is the d standard deviation based on daily returns
Checks for financial health score 4/6. With a debt-to-equity ratio of 46.2% and total shareholder equity of $74.4 billion, Raytheon Technologies has $34.4 billion in total debt. Its overall assets are $161.6 billion, and its total liabilities are $87.3 billion. Total risk is the sum of systematic and unsystematic risks. Systematic risk, which is the investment portfolio risk not reliant on individual investments, is attributed to general market variables.
The total risk that an organization faces can alter depending on a number of variables, including market conditions, financial performance, competition, governmental changes, and geopolitical factors. Additional variables that can be used to assess total risk include volatility, debt-to-equity ratios, credit scores, and market capitalization.
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Which of the following would not be considered an advantage of the corporate form of organization?
A. Limited liability of stockholder's.
B. Seperate legal exsistence.
C. Continuous life.
D. Government regulation.
Answer:
D. Government regulation
Explanation:
Having the government regulating a corporate form of organization bus a disadvantage. A corporate organisation is an organization that exists separately on its own as a legal entity. It's advantages includes limited liabilities for people that have shares there, and also ease in ownership transfer. It is guided by a board of directors.
Options A B and C are all advantages.
The disadvantage of the corporate form of organization is Option D government regulation.
Because Interest rates are influenced by government policy, and a rise in interest rates raises the cost of borrowing for businesses.
The other Options are incorrect as:
Option A is incorrect as limited liability is an advantage of the corporate form of organization.
Option B is incorrect as separate legal existence is an advantage of the corporate form of organization.
Option C is incorrect as continuous life is an advantage of the corporate form of organization.
Thus Option D is correct Option for disadvantage of corporate firm.
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Under an operating lease: (Select all that apply.)Check All That ApplyThe lessee reports amortization expense and interest expense separately in its income statement.The lessee reports amortization expense and interest expense separately in its income statement.The lessee reports a single amount of lease expense, which is equal to interest expense plus amortization expense, in its income statement.The lessee reports a single amount of lease expense, which is equal to interest expense plus amortization expense, in its income statement.The lessor reports a single amount of lease revenue, which is equal to interest revenue plus amortization revenue, in its income statement.The lessor reports a single amount of lease revenue, which is equal to interest revenue plus amortization revenue, in its income statement.The lessee reports lease expense on a straight-line basis and the lessor reports lease revenue on a straight-line basis over the lease term.The lessee reports lease expense on a straight-line basis and the lessor reports lease revenue on a straight-line basis over the lease term.
Answer:
The lessee reports a single amount of lease expense, which is equal to interest expense plus amortization expense, in its income statement.The lessee reports lease expense on a straight-line basis and the lessor reports lease revenue on a straight-line basis over the lease term.Explanation:
An operating lease is basically renting an asset from a lessor where the lessee will pay a certain amount every period for the use of the asset.
This rent payment is equal to the interest expense plus amortization expense and will be reported in the income statement of the lessee as an expense.
This amount will also be reported on a straight-line basis for the duration of the lease term which means that even if rent increases, it will still have to be reported by the same amount over the lease period because the lease increase should have been taken into account already.
The lessor also reports lease revenue on a straight-line basis over the lease term.
During its first year of operation Mazer Manufacturing Company produced 9,500 units of inventory and sold 2,550 units. Mazer incurred variable product cost of $2.50 per unit and $13,300 of fixed manufacturing overhead costs. The sales price of the products was $9.50 per unit. Determine the amount of net income Mazer would report if the company uses variable costing.
Answer:
Explanation:
To determine the amount of net income Mazer would report if the company uses variable costing, we need to calculate the variable cost per unit and the contribution margin per unit first:
Variable cost per unit = variable product cost per unit
= $2.50
Contribution margin per unit = sales price per unit - variable cost per unit
= $9.50 - $2.50
= $7.00
Using this information, we can calculate the total variable cost and total contribution margin for the units sold:
Total variable cost = variable cost per unit x units sold
= $2.50 x 2,550
= $6,375
Total contribution margin = contribution margin per unit x units sold
= $7.00 x 2,550
= $17,850
Next, we can calculate the total fixed manufacturing overhead cost incurred by Mazer during the first year of operation:
Total fixed manufacturing overhead cost = $13,300
Finally, we can calculate the net income using the variable costing method:
Net income = total contribution margin - total fixed manufacturing overhead cost
= $17,850 - $13,300
= $4,550
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
While on a call with an emotional customer, the credit card they provide to purchase your service is declined by your system. They become even more agitated and swear it has the necessary funds. What would you do?
1. Advise the customer of the declined card and suggest they call back when they get things figured out so you can help them right away.
2. Advise the customer of the declined card and apologize for the issue then ask if they have another card or a family member that can assist with the payment.
3. Explain to the customer that their card was declined and ask them if they'd like you to try again using different card.
When the credit card provided by the customer gets decline then advise the customer of the declined card and apologize for the issue then ask if they have another card or a family member that can assist with the payment.
In many instances the purchaser could be as mystified by the decline credit cards.The perfect element to do in the ones conditions is to really request a different form of payment through another credit card, an debit from the consumer's financial institution account, a test, or even cash.The upper threshold of costs you could placed on the cardboard. it is your bank's way of announcing you can not borrow any extra cash until you are making a fee.
It is essential to remember that a decline reaction means the card company is unable or unwilling to offer an authorization on the cardholder's account. It does no longer mean that there has been an blunders running the transaction. Card issuers decline transactions for plenty exclusive motives
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