HolmesWatson (HW) is considering what the effect would be of reporting its liabilities under IFRS rather than U.S. GAAP. The following facts apply:
HW is defending against a lawsuit and believes it is virtually certain to lose in court. If it loses the lawsuit, management estimates it will need to pay a range of damages that falls between $5,200,000 and $10,200,000, with each amount in that range equally likely.
HW is defending against another lawsuit that is identical to item (a), but the relevant losses will only occur far into the future. The present values of the endpoints of the range are $3,200,000 and $8,200,000, with the timing of cash flow somewhat uncertain. HW considers these effects of the time value of money to be material.
HW is defending against another lawsuit for which management believes HW has a slightly worse than 50/50 chance of losing in court. If it loses the lawsuit, management estimates HW will need to pay a range of damages that falls between $3,200,000 and $9,200,000, with each amount in that range equally likely.
HW has $10,200,000 of short-term debt that it intends to refinance on a long-term basis. Soon after the balance sheet date, but before issuance of the financial statements, HW obtained the financing necessary to refinance the debt.
Required:
1. For each item, indicate how treatment of the amount would differ between U.S. GAAP and IFRS.
2. Consider the total effect of items a–d. If HW’s goal is to show the lowest total liabilities, which set of standards, U.S. GAAP or IFRS, best helps it meet that goal?
Answers
According to its name, International Financial Reporting Standards (IFRS) are a global standard created by the International Accounting Standards Board (IASB). The United States is the only country that employs U.S. Generally Accepted Accounting Principles (GAAP).
How do you compute?1. a. Both US GAAP and IFRS require a liability to be declared when losses are likely, as they are in this instance.
The lower end of the range, in this case $5,200,000, is chosen to be documented under US GAAP.
According to IFRS, the middle value is chosen as the average of the range, which is,
= \(\frac{5,200,000 + 10,200,000}{2}\)
= 7,700,000
b. Because the timing of the cashflows is unclear in this case, US GAAP will not use present value figures. Since the first scenario and this one are identical, US GAAP will apply the $6,000,000 lower bound of the first loss amount in (a).
Due to the remote nature of payment, IFRS will utilize present values. Here, average and the midpoint will both be used by IFRS.
= \(\frac{3,200,000 + 8,200,000}{2}\)
= 5,700,000
c. US GAAP does not classify this as a liability because IFRS are the only accounting standards that apply to this possibility.
Once more, IFRS will employ the midpoint average.
= \(\frac{3,200,000 + 9,200,000}{2}\)
= 6,200,000
d. Even if the money was acquired after the balance sheet date but before the financial statements were released, IFRS will nonetheless classify it as short-term financing.
US GAAP, however, does not need that the financing be received before to the date of the balance sheet in order for it to be valid, and will classify it as long-term as long as it was refinanced prior to the date the Financial Statements were issued, which it was.
2. Adopt US GAAP in place of IFRS since it frequently selects the lower end of the liability range as opposed to calling for an average of the range.
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Related Questions
Henry recently set up a retail store in his hometown. He studied the pattern that other storeowners followed in obtaining new customers. All their current customers had referred the store to their friends and family. Their awareness basically spread through word-of-mouth. Henry knew that his store offered the same quality as the other stores did. His store was also on the same street as the other retail stores. Given the setting, the other storeowners were already charging their customers the bare minimum in order to remain competitive. Which P of marketing should Henry concentrate on to distinguish his retail store?
Answers
Answer :
Promotion is the P of marketing Henry may focus on to differentiate his retail shop.
Explanation :
In marketing, there are seven (7) P's that make up the marketing mix. The four (4) most important P's in the marketing mix are P-product, P-price, and P-place. P-promotion According to the text, Henry cannot utilize the first P, which stands for product, because he is aware that his store offers the same quality as the others.
Henry can't utilize the second P, Price, as a marketing technique since he knows that other business owners are already charging the bare minimum to stay competitive. Henry can't utilize the third P, which stands for Place, because his business is on the same street as the other retail stores, and he can't improve on that. Henry's lone marketing tool for beating the competition is the fourth P, which stands for Promotion.
This is because word-of-mouth knowledge established by other business owners is insufficient to create widespread awareness; word-of-mouth can only reach friends and relatives. As a result, the P in marketing that Henry may use is Promotion. He may achieve this by creating global awareness through advertisements on television, radio, social media, printing handbills, and sales promotions such as lottery draws, festive sales, clearance discounts, and offering consumers bonuses such as the buy three, get one free promotion.
Emmanuel would like to start a business with a popular fast food company. He agrees to pay a fee and royalties. This is an example of which type of business?
A. Franchise
B. S corporation
C. Nonprofit corporation
D. C corporation
Answers
Answer:
yeah A
Explanation:
The facts that are to be recorded in the fact table is Course Grade and CompletionDate.
1. Draw a star schema for this problem. (10 points)
2. Estimate the number of rows in the fact table, using the assumptions stated previously. (5 points)
3. If you didn’t want to or didn’t have to stick with a strict star schema for this data mart, how would you change the design? Why? (10 points)
4. Various characteristics of sections, professors, and students change over time. Dimensional segmentation is recommended. The student, section, and professor dimensions would be divided into two segments each, one for constant attributes and one for attributes that change. For example, the room might change frequently for the section. This approach would eliminate a large number of rows in the dimension tables if the changing attributes were to change each semester. Having mastered the principles of normalization, you recognize immediately that the star schema you developed for Millennium College is not in third normal form. Using these principles, convert the star schema to a snowflake schema. (15 points)
Answers
1. Star Schema:
A star schema for the given problem would consist of a central fact table surrounded by dimension tables.
on the provided information, the star schema can be designed as follows:
Fact Table: CourseGradeFact
- CourseGrade (numeric): The grade obtained by a student in a particular course.
- CompletionDate (date): The date when the course was completed.
Dimension Table: CourseDim
- CourseID (primary key): A unique identifier for each course.
- CourseName: The name of the course.
- CourseDescription: A description of the course.
Dimension Table: StudentDim
- StudentID (primary key): A unique identifier for each student.
- StudentName: The name of the student.
- StudentAddress: The address of the student.
Dimension Table: ProfessorDim
- ProfessorID (primary key): A unique identifier for each professor.
- ProfessorName: The name of the professor.
- ProfessorDepartment: The department to which the professor belongs.
2. Estimating the number of rows in the fact table:
To estimate the number of rows in the fact table, we would need additional information. Without the exact number of courses, students, and completion dates, it is not possible to provide an accurate estimation. The number of rows in the fact table would depend on the cardinality of the relationships between the dimensions and the fact table.
3. Changing the design if not sticking with a strict star schema:
If not sticking with a strict star schema, an alternative design approach could be a snowflake schema. In a snowflake schema, the dimension tables are further normalized, resulting in more tables and relationships. This design may be preferred when dealing with complex data structures or when dimensions have a large number of attributes. However, it increases the complexity of the schema and the number of tables involved.
4. Converting the star schema to a snowflake schema:
To convert the star schema to a snowflake schema, we can normalize the dimension tables by removing redundant attributes and creating additional tables for related attributes. For example, we can split the CourseDim table into two tables: CourseDim and CourseDescriptionDim. The CourseDescriptionDim table would contain the CourseID and CourseDescription attributes, which are related to the CourseDim table.
Similarly, we can create separate tables for changing attributes in the StudentDim and ProfessorDim tables. For nce, a ProfessorDepartmentDim table can be created to store the relationship between ProfessorDim and the changing attribute ProfessorDepartment.
The snowflake schema reduces redundancy and allows for more flexibility in managing changing attributes. However, it increases the complexity of the schema and the number of tables involved, which can impact query performance and maintenance.
Note: The points mentioned in parentheses are arbitrary and do not reflect any specific scoring system.
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in a competitive price taker market, a firm's short-run supply curve is its a. average total cost curve above its average variable cost curve. b. marginal cost curve above its average variable cost curve. c. marginal cost curve above its average fixed cost curve. d. entire marginal cost curve.
Answers
The correct answer is B - marginal cost curve above its average variable cost curve. In a competitive price taker market, a firm's short-run supply curve is its marginal cost curve above its average variable cost curve.
The marginal cost is the additional cost of producing one more unit of a good or service. Average variable cost is the total variable cost divided by the quantity produced. The short-run supply curve is based on the assumption that firms cannot change their fixed costs in the short run, such as the cost of buildings and equipment, but they can vary the amount of labor and other inputs. This means that the total cost of production is determined by the average variable cost and the fixed cost. The average variable cost is increasing as more of the inputs are used, and the marginal cost is the additional cost incurred by adding one more unit of output.
The marginal cost curve is thus always above the average variable cost curve, and this forms the basis of the firm’s short-run supply curve. In the long run, firms are able to adjust their fixed costs and thus the total cost of production, and the long-run supply curve is determined by the marginal cost of production.
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Describe three things that the common-size balance sheets tell you when you compare these three companies. The three company names are shown at the top of the balance sheets and go as follows, Archer Inc., Bayside Inc., Citywide Ltd.
Answers
Common-size balance sheets can provide valuable insights into a company's financial health and performance.
Here are three things that comparing the common-size balance sheets of Archer Inc., Bayside Inc., and Citywide Ltd. can tell you:
Asset Composition: By comparing the common-size balance sheets of these companies, you can gain insight into the composition of their assets. For example, if one company has a significantly higher percentage of cash and short-term investments than the others, it may indicate that the company is more conservative in its financial management or has a different business model that requires larger cash reserves.
Debt Structure: Comparing the common-size balance sheets can also reveal differences in the companies' debt structure. For example, if one company's long-term debt makes up a larger proportion of its total liabilities than the others, it may indicate that the company has taken on more leverage to finance its operations. This could potentially increase the company's risk profile and impact its ability to service its debt.
Profitability: The common-size balance sheets can also provide insights into the companies' profitability. By comparing the common-size income statements alongside the balance sheets, you can calculate key profitability ratios such as return on assets (ROA) and return on equity (ROE). These ratios can give you a sense of how efficiently each company is using its assets and generating profits relative to competitors.
Overall, comparing the common-size balance sheets of Archer Inc., Bayside Inc., and Citywide Ltd. can help you identify similarities and differences in their financial positions and operations. This information can then be used to make informed investment decisions or to gain a better understanding of the companies' competitive landscape.
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Who carries the animal from the farm to the market or packer?
A. Producer
B. Proccessor
C. Transporter
D. Consumer
Answers
Answer:
was it a passage u had to read?
Explanation:
Answer:
Transporter
Explanation:
You are transferring the animal to the market from the farm.
What year did Philip Kotler and Sidney J. Levy proposed that marketing is an inevitable function of nonprofit management
Answers
Answer: 1969 is the correct answer !
Explanation:
which of thes digital tools has given rise to our ccurrent sharing economy
Answers
The sharing economy has been enabled by a combination of digital tools, but one of the most significant is the internet.
Specifically, the rise of online marketplaces and peer-to-peer (P2P) platforms has facilitated the sharing of goods and services among individuals, creating new opportunities for people to earn income, access resources, and connect with others. These platforms use digital tools such as mobile apps, rating systems, and secure payment processing to enable people to share everything from spare bedrooms to cars and labor. By leveraging the power of the internet and digital technology, these platforms have transformed the way we consume and share resources, creating a more efficient and sustainable economy.
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A good time to observe the dress code to prepare for your first day is during
a your interview
b. your second day
your Orientation
d the weekend
Answers
A good time to observe the dress code to prepare for your first day is during an interview. Thus, option A is correct.
What is interview?A planned interaction in which one party asks questions and the other responses is known as an interview. A one-on-one conversation between an interviewer and an interviewee is referred to as a "interview" in everyday speech.
In general, the individual should dress professionally or in business clothes for a job interview. The interview is a dialogue in which you and your prospective employer exchange information.
Therefore, it can be concluded that During an interview is a wonderful opportunity to review the dress code in order to get ready for your first day. Therefore, choice A is correct.
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shareholder primacy is the idea that a business' managers are obliged to focus their efforts on making decisions that benefit the firm's owners and not other stakeholders. question 2 options: true false
Answers
The given statement "according to the principle of "shareholder primacy," managers of a company must prioritize making decisions that will only benefit the company's owners" is FALSE.
What is shareholder primacy?A shareholder-centric form of corporate governance called shareholder primacy prioritizes the interests of shareholders over those of other company stakeholders like society, the community, customers, and employees.
In the current economic period, shareholders' wealth is regarded as the main determinant of the firm.
The priority of shareholders is currently unregulated by law.
In most of the world, there is a belief in the supremacy of shareholders.
The majority of the time, rather than "law," shareholder primacy is referred to as the "norm."
Thus, CSR may lead to disputes between various shareholders. Insiders gain personally from their affiliation with companies that have a high CSR rating in this dispute.
The conflict is lessened if insiders own a sizable portion of the company.
Debt also acts as a method for reducing conflict.
Therefore, the given statement "according to the principle of "shareholder primacy," managers of a company must prioritize making decisions that will only benefit the company's owners" is FALSE.
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Quote one purpose of the organization culture in a case study of MPUMI BOTTLE MANUFACTURE
Answers
One purpose of the organization culture in this bottling company is that it would help to create a rule for expected behavior among the employees in the organization.
What is organizational culture?This is the collection of values, what the company expects of its employees and the guides and rules to the behavior of members of the organization.
In a company, organizational culture helps to establish the norms and the ethics in the business environment.
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For a customer of Lush, how will their MVV translate to your experience?
For an employee of Lush, for example a shop worker – how might the companies MVV affect your working life, your daily experience and your perspective of the business?
Answers
3a. Understanding the Unemployment Rate. Click here to access the August 2020 Employment Situation Summary (ESS), then scroll down to HOUSEHOLD DATA, Summary Table A. Let’s confirm the August 2020 unemployment rate and then think about how some changes would affect (U-3). Please note that all numbers are in thousands, so I like to translate the numbers into millions, but just get the right answers.
August 2020 Civilian labor force = 160,838,000 or 160.838 million
August 2020 Unemployed =
August 2020 Unemployment Rate (give me 5 digits after the decimal point) =
3b. Hours and the unemployment rate. Still in the August 2020 ESS, scroll back up to around paragraph 9, where the BLS describes "persons employed part time for economic reasons". What does this mean? How many people are "employed part time for economic reasons"? Do you know any of them? Give me an example. Suppose Covid-19 and government restrictions cause another 2 million full time workers to get their hours cut. How would this affect the official unemployment rate (U-3)?
3c. Discouraged workers and the unemployment rate. Still in the August 2020 ESS, find where the BLS discusses ‘discouraged workers’ and other "persons not in the labor force" in paragraphs 10 and 11. What is a discouraged worker? Are they workers? Are they unemployed? How many are there? Do you know any? Can you give an example? Suppose next month 3 million currently unemployed workers get discouraged and stop looking for work, calculate the new unemployment rate.
Answers
The new unemployment rate would be 6.6%. However, it's important to note that this calculation assumes that all 3 million individuals who got discouraged are still part of the civilian labor force.
3a. Based on the August 2020 Employment Situation Summary (ESS), the number of unemployed individuals in August 2020 was 13,553,000 or 13.553 million. The unemployment rate can be calculated as:
Unemployment Rate = (Number of Unemployed / Civilian Labor Force) * 100
Plugging in the values from above, we get:
Unemployment Rate = (13.553 million / 160.838 million) * 100 = 8.4%
Therefore, the August 2020 unemployment rate was 8.4% to five digits after the decimal point.
3b. "Persons employed part time for economic reasons" refers to individuals who are working part-time but would prefer to have full-time employment but are unable to do so due to reasons such as reduced work hours, inability to find full-time work, etc. According to the August 2020 ESS, there were 7,592,000 individuals who were employed part-time for economic reasons.
An example of an individual employed part-time for economic reasons could be someone who works part-time at a retail store but is unable to find full-time work due to a lack of job openings or hours available.
If Covid-19 and government restrictions cause another 2 million full-time workers to get their hours cut and become employed part-time for economic reasons, this would not necessarily affect the official unemployment rate (U-3) since these individuals would still be considered employed. However, it would likely increase the number of individuals who are underemployed, which is not captured by U-3.
3c. A discouraged worker is an individual who has stopped actively seeking employment because they believe there are no job opportunities available for them. Discouraged workers are still considered part of the civilian labor force but are not included in the official unemployment rate since they are not actively seeking work. According to the August 2020 ESS, there were 633,000 discouraged workers.
An example of a discouraged worker could be someone who has been searching for employment for an extended period but has not been able to find any job openings that fit their skills or experience. They may become discouraged and stop actively seeking work.
If next month 3 million currently unemployed workers get discouraged and stop looking for work, the new unemployment rate would be calculated as:
Unemployment Rate = (Number of Unemployed / Civilian Labor Force) * 100
Since the number of unemployed workers would decrease by 3 million and the civilian labor force would remain constant, the new unemployment rate would be:
Unemployment Rate = (10.553 million / 160.838 million) * 100 = 6.6%
Therefore, the new unemployment rate would be 6.6%. However, it's important to note that this calculation assumes that all 3 million individuals who got discouraged are still part of the civilian labor force. If some of them also drop out of the labor force altogether, then the unemployment rate would be even lower.
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Grayson really wants to get an a on his upcoming math test but he hates studying. He decides to set a goal for himself to study for 20 minutes every night this week and preparation for the quiz Friday.What kind of goal Grayson set for himself?
Answers
Answer: short term goal
Explanation:
A short-term goal is a goal that an economic agent such as an individual or a fitm wants to achieve or accomplish soon. Short term goals are goal that one wants to achieve maybe today, in a week, in a month or even probably a year.
Since Grayson really wants to get an a on his upcoming math which is coming soon, the goal that he sets to study for twenty minutes every night is referred to as a short term goal.
What is the customer orientation of a company, and why is it important for a
business to be customer-focused? Give an example of a real organization to
substantiate your answer.
Answers
Adjustments to Net Income Under the Indirect Method:
A company reports the following operating cash flows on its statement of cash flows (in millions):
Net income $98
Adjustments to reconcile net income to net cash provided by operating activities Accounts receivable $(32)
Inventory 12
Prepaid insurance (5)
Accounts payable (13)
Salaries payable 0
Taxes payable $(36)
Net cash provided by operating activities $62
Identify whether the following account balances increased or decreased during the year:
(a) accounts receivable,
(b) inventory,
(c) prepaid insurance,
(d) accounts payable,
Answers
Adjusted net cash flow or adjusted net income represents business profit after expenses. then add non cash expenses and subtract customer deposits.
In accounting terms, it shows earnings before interest, depreciation, and taxes, but also includes additions or subtractions for items such as the owners salary and discretionary, one time, and non cash expenses. Take your accrued net income plus depreciation and subtract your change in accounts receivable, change in inventory, and change in accounts payable. Start with net income on the income statement and make appropriate adjustments for non cash expenses, such as depreciation and amortization gains and losses related to investing activities and changes in current non cash assets and current liabilities. net cash flow from operating activities is calculated by accounting for net income. any increase in liabilities or decrease in assets is added up, and any decrease in liabilities or increase in assets is deducted from net income to arrive at net cash flow from operating activities.
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Lana applies for a firefighter’s job with Metro City, which responds with a letter setting an appointment for a medical exam. The letter also states that it is "an employment offer conditioned on the applicant passing the exam." This letter is​
Answers
Answer: a unilateral contract that Lana can accept by passing the exam.
Explanation:
A unilateral contract is a form of contract agreement whereby the offeror promises to do a particular thing or pay a certain amount after a specified action has occured.
In this scenario, Metro City would only give an employment offer to Lana if she passes her exam. This is a unilateral contract that Lana can accept by passing the exam.
when the arbitrator has rendered a final decision, it is called the:
Answers
When the arbitrator has rendered a final decision, it is called the "award." The award is the final decision made by the arbitrator to resolve the dispute and may include an explanation of their reasoning.
When the arbitrator has rendered a final decision, it is called the "award". An arbitrator is a neutral third party who is appointed to resolve a dispute between two parties. Once the arbitrator has considered all the evidence and arguments presented by both parties, they will make a decision based on the facts and applicable law. This decision is final and binding, meaning that both parties must abide by it. The decision is called an "award" because it is a formal recognition of the arbitrator's determination in the matter.
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During _____, a marketing manager should use such criteria as fit with the firm's other products, profit potential, and marketability.
Answers
Answer:
product screening
During product screening, a marketing manager should use such criteria as fit with the firm's other products.
What is Product screening?This is the process which involves products being evaluated according to a certain set of criteria on whether they will be successful in the marketplace.
This is usually done by organizations so as to ensure they meet profit potential, and marketability.
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What does the prefix re mean in the word reunited?
a.
both
c.
always
b.
again
d.
none of the above
Answers
Answer:
b. Again
Explanation:
Answer:
b.
again
Explanation:
Both reunion and reunite come from the Latin root unus, or "one," and the "again" prefix re-, so reunite means "make as one again."
FINISH THIS SENTANCE
There was this blind man, right? He Was feeling his way down the street with this stick,
Answers
Predatory Pricing Decorator's Choice Home Goods manufactures small furnishings that are sold in two different department stores. Decorator's Choice offers the exact same vase to both department stores, but sells the vase for $10 more at one of the department stores. • Price fixing • Descriptive pricing • Predatory pricing • Price discrimination
Answers
Based on the information provided, the pricing strategy used by Decorator's Choice Home Goods is predatory pricing.
This is because they are intentionally selling the same product at a lower price to one department store, with the intention of driving their competitors out of business or preventing new competitors from entering the market. This is often done in order to gain a larger market share and increase profits in the long term. Price fixing and price discrimination do not apply in this scenario, as there is no collusion or unfair treatment of customers based on factors such as race or gender. Descriptive pricing also does not apply, as the pricing strategy used by Decorator's Choice is not based on providing additional information about the product or its features.
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How is the Social Security tax
collected?
A. It is an additional tax taken out of a person's pay
check.
B. It is part of the money taken out as federal income tax.
C. It is part of the money taken out as state income tax.
if they wish
Answers
when assets are exchanged in a nonmonetary exchange and the transaction has commercial substance, either a gain or a loss may be recognized. however, if the transaction lacks commercial substance and no cash is exchanged, a(n)
Answers
The concept is the Non-monetary exchange, which is the transfer of assets and/or liabilities with another entity. The answer is, the gain may not be recognized.
A nonmonetary exchange is the transfer of means and/ or arrears with another reality. The most common situation is when two associations exchange means, similar to a real estate exchange or the exchange of one fixed asset for another.
The exchange of-monetary means that else would be grounded on recorded quantum, may involve financial consideration. The agency entering financial consideration recognizes a gain to the extent that the financial damage exceeds a commensurate share of the recorded quantum of the asset surrendered.
In exchanges without marketable substance, no gain is honored and the asset entered is carried at the book value of the asset changed or given up.
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Why is the interest rate one of the biggest factors when calculating the financial charges on credit cards?
Answers
In a loan, the interest rate is considered as the biggest factors in calculating finance charges because the interest rate adds a percentage of money not already spent to pay towards the credit cards if not paid in full each month.
What is an interest rate in loan?The term "interest rate" is a rate that tells you how high the cost of borrowing is or high the rewards are for saving. As a borrower, an interest rate is the amount you are charged for borrowing money which is shown as a percentage of the total amount of the loan.
In a loan, the finance charge means the total cost of borrowing money which includes the interest paid and any service fees by the lender which is why the interest rate is a big factor in calculating finance charges of credit cards.
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The promotion of companies’ sustainably harvested rainforest products is intended to _______.
Answers
Companies are involved in promotion of sustainably harvested rain-forest products in order to gain an a competitive advantage.
What is competitive advantage?A competitive advantage means an advantage possess by a firm that allow them to produce goods or services better or more cheaply than its rivals.
In conclusion, the companies are involved in promotion of sustainably harvested rainforest products in order to gain an a competitive advantage.
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a firm needs to ship 7 high-end computers worth $5000 each across the country. the cost to ship all of them by air and then final delivery by truck is $1000 from a 3pl. the combined air/truck shipment will take 3 days. the firm uses an in-transit holding cost of 0.22 of product value annually. if we assume 365 days per year, what is the total shipping and transit inventory cost of the shipment? (please round your answer to the nearest whole number) numeric response
Answers
The total shipping and the transit inventory cost of shipment is $1100.
What is an inventory?Inventory, often known as stock, refers to the goods and materials that a corporation keeps on hand with the aim to sell, produce, or use them. The basic goal of inventory management is to define the dimensions, configuration, and location of stocked goods. By widely defining work in process (or work in progress) as "any work which is or has occurred prior to the completion of production," the term inventory has been extended beyond manufacturing systems to service businesses and projects. The term "inventory" in the context of a manufacturing production system refers to everyone completed work, including raw materials, products that have partially finished, finished items that have yet to be sold, and finished goods which have left the manufacturing system.
Total cost=$5000*0.22=$1100
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Explain why a rise in the pound sterling exchange is likely to affect the rate of inflation in the uk
Answers
Answer:
A higher inflation rate in the UK compared to other countries will tend to reduce the value of the Pound Sterling because: High inflation in the UK means that UK goods increase in price quicker than European goods. ... This increase in the supply of pounds decreases the value of Pound Sterling.
TRUE / FALSE. shelf life' can be a constraint on the amount of inventory held.
Answers
True. The shelf life of a product refers to how long it is usable or suitable for sale.
How is the inventory amount determined?
Inventory values are calculated by multiplying the number of items on hand by the item's unit price. Inventory values must be calculated using the lower of the market price or the company's cost in accordance with GAAP.
Because the business needs to ensure that the products are sold or used before they expire or become unsellable, a product with a limited shelf life can act as a constraint on the amount of inventory held.
Therefore, This constraint may require the company to more closely manage its inventory levels and avoid holding excess stock that could expire or become obsolete.
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Based on the graph shown above, which of the following is the equallibrium quantity and price at which the compony should sell the truck
Answers
Based on the graph shown above, the following is the equilibrium quantity and price at which the company should sell the truck: option B. 300 trucks at $6 per truck
What is an equilibrium quantity and price?In economics, an equilibrium quantity and price refers to a state in which the quantity of a good or service that a seller is willing to supply is equal to the quantity that a buyer is willing to demand, and the price at which this transaction occurs is the equilibrium price. This is also known as market equilibrium.
At the equilibrium price, there is no surplus or shortage of the good or service, and the market is said to be in balance. If the price is higher than the equilibrium price, there will be a surplus of the good or service, and if the price is lower than the equilibrium price, there will be a shortage.
The equilibrium quantity and price are determined by the interaction of supply and demand in a market. When the supply and demand curves intersect, the equilibrium quantity and price are established.
Therefore, the correct answer is as given above
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The complete question goes thus:
A toy company created a new truck to offer to consumers.
Based on the graph shown above, which of the following is the equilibrium quantity and price at which the company should sell the truck?
A. 200 trucks at $8 per truck
B. 300 trucks at $6 per truck
C. 400 trucks at $8 per truck
D. 200 trucks at $4 per truck
