Jill is a student at Fresno State University who recently got her first F. Now she has to make a decision about how to get her grades back up. Having recently taken a class on decision making, Jill decides to follow the six-step process for deciding what to do. What problem is Jill most likely to face during the diagnosis and analysis of causes step in the decision-making process?
a. Not having the time to take all of the steps outlined in her plan.
b. Neglecting to gather information on whether or not the plan was successful.
c. Satisficing, or choosing the first solution that works, not the best solution.
d. Jumping to solutions before understanding the problem
Answers
Answer:
d. Jumping to solutions before understanding the problem
Explanation:
The six steps of problem solving include the following:
- Problem identification and definition
- Look at possible solutions (diagnosis and analysis of cause)
- Evaluate alternatives
- Decide on solution to use
- Implement solution
- Evaluate the outcome
In the diagnosis and analysis phase there is consideration of what the underlying cause of the problem is. There is less focus on the quality of solutions considered at this stage. Rather we get a general set of solutions to solve the problem.
At this stage Jill will have the challenge of Jumping to solutions before understanding the problem.
At this stage it is very important to understand the problem and how it came about.
Related Questions
Imagine yourself as a relationship management associate within Garage. You are tasked with
obtaining the following targets in 1 month.
● Building relationships with 250 spare part sellers on platform in 2 weeks
● Selling 500,000GHC of parts through part sellers
Details on each target are below
● Building relationships with 250 spare part sellers on platform in 2 weeks: Garage
partners with part sellers for data collection and part sales. As a relationship
management associate, you’re charged with convincing 250 spare part sellers to partner
with Garage as a parts supplier while creating a system to collect sales data from them.
In your write up, talk about where you will go to find these 250 spare part sellers? what
will your pitch to them be? How would you incentivize them to partner with us? How
would you determine which parts to sell through them? What promotions and incentive
programs will you run (Assume you are able to get parts at wholesale prices)
● Selling 500,000GHC of parts through part sellers: Given your approaches for onboarding
250 spare parts sellers, describe how you would ensure this cohort of mechanic shops
and part sellers can sell 500,000GHC worth of parts in a month?
In your written response, be as detailed as possible in describing your strategy and
approach to each of these targets including the specific steps, resources etc. that you
will leverage. Use examples and your own assumptions where necessary.
Answers
To achieve targets, Garage's relationship management associate will find spare part sellers, incentivize them with benefits and promotions, and provide support to ensure sales success.
As a relationship management associate within Garage, achieving the targets of building relationships with 250 spare part sellers on the platform in 2 weeks and selling 500,000GHC worth of parts through part sellers requires a strategic approach. Here's a detailed plan to accomplish these goals:1. Finding Spare Part Sellers: To identify 250 spare part sellers, I will utilize various resources such as online directories, industry associations, and trade shows to identify potential sellers. I will also leverage social media platforms and online forums where spare part sellers gather. Additionally, Garage can collaborate with existing sellers to recommend other reliable sellers.2. Pitch and Incentives: To convince spare part sellers to partner with Garage, my pitch would focus on the benefits they can gain, including access to a larger customer base, improved visibility, and increased sales. Incentives could include offering competitive wholesale prices, attractive payment terms, exclusive promotional offers, and marketing support such as featuring their products on Garage's platform.3. Determining Parts to Sell: To determine which parts to sell through the sellers, I would analyze market demand and trends, conduct surveys and collect feedback from mechanics and customers, and track sales data. This information will help identify popular parts with high demand and optimize inventory management.4. Promotions and Incentive Programs: To drive sales, I would introduce promotions such as discounts on bulk purchases, seasonal offers, loyalty programs, and rewards for achieving sales targets. Incentives like commission-based schemes or bonus structures for sellers who exceed sales targets can motivate them to actively promote and sell Garage's parts.5. Ensuring Sales Targets: To ensure that the cohort of mechanic shops and part sellers can achieve the sales target of 500,000 GHC in a month, I would provide them with sales training and marketing materials to enhance their selling skills. Regular communication and feedback sessions would be conducted to address any challenges they face and provide support where needed. Additionally, analyzing sales data and monitoring progress will help identify underperforming areas and allow for timely adjustments to meet the target.By implementing these strategies and actively supporting the spare part sellers, Garage can establish strong relationships, increase sales volume, and achieve the desired targets in a month.For more questions on promotions
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Apex project 1.3.1 evaluating the economy
answer
Answers
Should a firm engage in trasnfer pricing and transfer prices that avoid taxes
Answers
Answer:
No. The practice of transfer pricing to avoid taxes is illegal and could result in significant fines and penalties. The firm should ensure that all transfer prices are consistent with average market rates for the industry and are compatible with the arm's length principle.
Explanation:
This was not a necessarily an economically efficient move. The fact that it is scrap wood implies that it is not useful for the company's purposes, i.e., making furniture. It is presumptuous to associate a value of $150,000 or $29,000 to the scrap since there is no market for it and thus no market value can be assigned. There is no rational way to calculate the optimal amount of scrap wood. The manager did not go far enough. The most economically efficient outcome would be to reduce scrap altogether. Even at the reduced amount, the company is literally throwing away $29,000 per year when it could recoup that amount with greater diligence.
Answers
The manager's decision to reduce scrap wood is not economically efficient, and a more optimal outcome would be to aim for its complete elimination.
The manager's decision to reduce scrap wood, as mentioned in the provided excerpt, is deemed not economically efficient. While it is commendable, the most economically efficient outcome would involve completely minimizing scrap production. The fact that the wood is considered scrap implies its lack of usefulness for furniture manufacturing, making it inappropriate to assign a value of $150,000 or $29,000 to it since there is no existing market or ascertainable market value. Additionally, determining the optimal amount of scrap wood to maintain lacks a rational basis. Despite the manager's efforts, the company still wastes $29,000 annually, which could be salvaged through greater diligence. Thus, the recommended course of action is to aim for a total reduction in scrap production to achieve the utmost economic efficiency.In conclusion, while the manager's effort to reduce scrap wood is commendable, the most economically efficient outcome would be to strive for the complete elimination of scrap, minimizing waste and maximizing cost savings for the company.
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You had seven different investment options in the game. The most diversified portfolio would include all of these various options. On average, should this diversified portfolio have the highest return? Why or why no
Answers
Someone, had seven different investment options in the game. The most diversified portfolio would include all of these various options. On average, should this diversified portfolio have the highest return are mutual fund.
What is investment?
An investment is a valuable item bought with the intention of increasing one's wealth. While stocks, bonds, and real estate are frequently included when discussing investments.
An investment option in the games is diversified portfolio are the different options such as mutual funds, bonds, and the stocks etc. But, the mutual funds are the highest returns in the future.
As a result, average, should this diversified portfolio have the highest return are mutual fund.
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Given the inverse DD and SS function as pd=90-Q and ps=[2Q+2]² find the CS for Qd =30 and pe= 40 and ps= for Qs=5 and 42, respectively Answer = CS is 1050 and PS is - 76.7
Answers
CS is 1050, representing the area between the demand curve and the price line. PS is -508322, indicating the producer's inability to cover costs.
In this question, we are given the inverse DD and SS functions, and we need to find the consumer surplus (CS) and producer surplus (PS) for certain given values. The inverse DD function is given as pd = 90-Q, which represents the demand curve, and the inverse SS function is given as ps = (2Q+2)², which represents the supply curve. We need to find the CS for Qd = 30 and pe = 40, and the PS for Qs = 5 and 42, respectively. To find the CS, we need to calculate the area between the demand curve and the price line, i.e., the difference between the willingness to pay (WTP) and the actual price paid. Here, the WTP is given by the demand function, which is pd = 90-Q. At Qd = 30, the WTP is pd = 90-30 = 60. The actual price paid is pe = 40. Therefore, the CS = WTP - price paid = 60 - 40 = 20. However, this is the value of the individual CS. To find the total CS, we need to integrate the CS over the entire demand curve, which gives us CS = ∫(90-Q-40)dQ = ∫50-QdQ = 50Q - (Q²/2) |\(_0^{30}\) = 1050.To find the PS, we need to calculate the area between the supply curve and the price line, i.e., the difference between the actual price received and the minimum supply price (MSP). The MSP is given by the supply function, which is ps = (2Q+2)². For Qs = 5, the MSP is ps = (2(5)+2)² = 98. For Qs = 42, the MSP is ps = (2(42)+2)² = 7396. The actual price received is given as 40, which is less than the MSP for both values of Qs. Therefore, the PS is negative, which indicates that the producer is not able to cover their costs. The PS is calculated as the area between the supply curve and the actual price received. Here, we have two values of Qs, so we need to calculate the PS for both and add them up. For Qs = 5, the PS = (40-98)(5) = -290. For Qs = 42, the PS = (40-7396)(42-5) = -508032. Therefore, the total PS = -290 - 508032 = -508322. Thus, the CS is 1050 and the PS is - 508322.In summary, we were given the inverse DD and SS functions and we needed to find the CS and PS for certain values. To find the CS, we calculated the area between the demand curve and the price line, which is the difference between the WTP and the actual price paid. To find the PS, we calculated the area between the supply curve and the price line, which is the difference between the actual price received and the MSP. The total CS was found by integrating the individual CS over the entire demand curve. The total PS was found by adding the PS for both values of Qs. The CS was found to be 1050 and the PS was found to be -508322.For more questions on demand curve
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Name four factors that have influence on Martin guitar business. Give examples of the ways in which each factor can affect the business performance of two companies: McDonalds and General Motors.
Answers
Four factors that can influence Martin Guitar's business are:
1. Economic Factors, 2. Technological Factors, 3. Social Factors, 4. Legal and Regulatory Factors
The impact of these factors on McDonald's and General Motors can vary based on their industry, target market, and specific circumstances.
1. Economic Factors: Economic conditions such as GDP growth, consumer spending, and interest rates can impact Martin Guitar's business. For McDonald's, a strong economy with increased consumer spending may lead to higher sales as people dine out more frequently. However, for General Motors, a weak economy may result in reduced consumer purchasing power and lower demand for automobiles.
2. Technological Factors: Technological advancements can shape the competitive landscape and customer preferences. For McDonald's, the adoption of technology like self-order kiosks and mobile ordering can improve efficiency and customer experience. Similarly, General Motors' performance can be affected by advancements in electric and autonomous vehicles, where companies investing in and adapting to these technologies may gain a competitive advantage.
3. Social Factors: Societal trends and cultural shifts can impact consumer behavior and demand. For McDonald's, changing dietary preferences and increased health consciousness can influence the demand for healthier food options. General Motors may be influenced by societal trends towards sustainability, where consumers may prefer electric or hybrid vehicles over traditional gasoline-powered cars.
4. Legal and Regulatory Factors: Laws and regulations can affect the operations and profitability of businesses. For McDonald's, regulations related to food safety, labeling, and labor laws can impact their business practices and compliance costs. General Motors may be affected by regulations related to emissions standards and safety requirements, requiring them to invest in research and development to meet regulatory standards.
It is important for both companies to assess and adapt to these factors to ensure business performance and competitiveness. By monitoring economic conditions, embracing technological advancements, understanding consumer preferences, and complying with legal and regulatory requirements, both McDonald's and General Motors can navigate the dynamic business environment and position themselves for success.
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SunRay Foundation, a corporation owned and managed by volunteers, supplies medicines and vaccines to impoverished people in Asia and Africa. Its focus is not on earning a surplus but on serving the community. SunRay Foundation is an example of
Answers
Answer:
" Nonprofit corporation" is the right solution.
Explanation:
A non-profit corporation would be an organization constructed again for benefit of the community better, for compassionate or some other kind of government service primary motivations, instead of just merely to generate a financial gain on its own, as when the customer requested to be doing. The strongest reason for utilizing the whole degree of formal entity is that everything is responsible for claim federal and state taxes on just about any earnings the corporate entity receives, with exception of for corporate entities.Given
Principal = $11,500,
Interest Rate = 10%
Time = 240 days (use ordinary interest)
Partial payments:
On 100th day, $6,000
On 180th day, $3,500
a. Use the U.S. Rule to solve for total interest cost. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)
b. Use the U.S. Rule to solve for balances. (Use 360 days a year. Do not round intermediate calculations. Round your answers to the nearest cent.)
c. Use the U.S. Rule to solve for final payment. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)
Answers
Total interest=$489.58
Balance after 100th day=$5,819.44
Balance after 180th day=$2,448.77
Final payment=$2,489.58
Compute the total interest, the balances on the 100th and 180th days as well as the final payment of the loan?
In the first place, ordinary interest means simple interest, in other words, the simple interest approach would be used in computing the interest due at every point in time.
Interest=loan balance*interest rate*number of days that interest is due/360 days
Interest on 100th day=$11,500*10%*100/360
Interest on 100th day=$319.444444
balance after 100th day=initial principal+ interest-partial payment
balance after 100th day=$11,500+$319.444444 -$6,000
balance after 100th day=$5,819.444444
Note it has been 80 days since the payment of the last interest on 100th
interest on 180th day=$5819.444444 *10%*80/360
interest on 180th day=$129.320988
balance of the loan on the 180th day=$5,819.444444+$129.320988-$3,500
balance of the loan on the 180th day=$2,448.765432
The final payment would be the balance as of the 180th day plus the interest for the last 60 days(180th-240th)
final interest=$2,448.765432*10%*60/360
final interest =$40.812757
Final payment=$2,448.765432+$40.812757
Final payment=$2,489.58
Total interest=$319.444444+$129.320988+$40.812757
Total interest=$489.58
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Alo Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in black and white. Another model, the deluxe model, is a color printer-scanner-copier. For the coming year, Alo expects to sell 90,000 regular models and 18,000 deluxe models. A segmented income statement for the two products is as follows:
Regular Model Deluxe Model Total Sales
$13,500,000 $12,240,000 $25,740,000
Less: Variable costs 8,100,000 7,344,000 15,444,000
Contribution margin $5,400,000 $4,896,000 $10,296,000
Less: Direct fixed costs 1,200,000 960,000 2,160,000
Segment margin $4,200,000 $3,936,000 $8,136,000
Less:Common fixed costs 1,500,800
Operating income $6,635,200
Required:
1. Compute the number of regular models and deluxe models that must be sold to break even. Round your answers to the nearest whole unit. Regular models units Deluxe models units
2. Using information only from the total column of the income statement, compute the sales revenue that must be generated for the company to break even. Round the contribution margin ratio to four decimal places. Use the rounded value in the subsequent computation. (Express as a decimal-based amount rather than whole percentage.) Round the amount of revenue to the nearest dollar.
Answers
1. The break-even points in sales units are computed as follows:
Break-even point (in units) = Direct fixed cost/contribution margin per unit
Regular model = 20,000 units ($1,200,000/$60)
Deluxe model = 3,529 units ($960,000/$272)
2. The Alo Company's Sales revenue to break-even, company-wide, is computed as follows:
Sales Revenue at break-even point:
= Fixed costs/Contribution margin ratio
= $3,660,800/40%
= $9,152,000
Data and Calculations:
Regular Model Deluxe Model Total
Expected sales quantity 90,000 18,000 108,000
Sales $13,500,000 $12,240,000 $25,740,000
Less: Variable costs 8,100,000 7,344,000 15,444,000
Contribution margin $5,400,000 $4,896,000 $10,296,000
Less: Direct fixed costs 1,200,000 960,000 2,160,000
Segment margin $4,200,000 $3,936,000 $8,136,000
Less:Common fixed costs 1,500,800
Operating income $6,635,200
Selling price per unit $150 $680 ($12,240,000/18,000)
Variable costs per unit $90 $408 ($7,344,000/18,000)
Contribution margin $60 $272 ($680 - $408)
Contribution margin ratio for the company = 40% ($10,296,000/$25,740,000 x 100)
Company total fixed costs = $3,660,800 ($2,160,000 + $1,500,800)
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In which scenario would you use a Bank deposit transaction?
Answers
The scenario where we would you use a Bank deposit transaction includes:
A. When your client wants to group customer payments into a single deposit transactionD. When your client wants to record an SBA loan amount receivedWhat is a transaction deposit?In U.S, a transaction deposit is used by the Federal Reserve for checkable deposits and other accounts that can be used directly as cash without withdrawal limits or restrictions
The Bank Deposit serves two functions which are if the payments are received into the Undeposited Funds account, you can group payments and deposit them as a single record into an account as well as the ability to record items that are not typically captured on invoices or bills, such as assets and loan.
Missing options "-When your client wants to group customer payments into a single deposit transaction When your client wants to make a deposit to a vendor When your client wants to record sales from her upcoming trade show and provide sales receipts -When your client wants to record an SBA loan amount received When your client wants to apply a customer payment to an open invoice"
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Ryan is preparing his business plan for his new business venture. He wants to add the sales forecast in his short-term financial plan. How can he go about doing it? A. B. C. D. E. directly add a targeted sales figure to show the business as profitable exaggerate the sales figure to make it impressive show low sales to invite more help from investors research and analyze the sales of his competitors with the help of trade magazines and salespeople copy the sales figure of the competitors and highlight it
Answers
Answer:
D
Explanation:
D. Research and analyze the sales of his competitors with the help of trade magazines and salespeople.
you exercise for 30 minutes twice each day what's approximate percentage of your day is been on exercise?
Answers
Answer:
30+30 =1 hour 1 hour out of 24 or 4.1%
Explanation:
The four types of consumer products differ in terms of the (1) effort the consumer spends on the decision, (2) attributes used in making the purchase decision, and (3) frequency of purchase. Convenience items are items that the consumer purchases frequently, conveniently, and with a minimum of shopping effort. Shopping products are items for which the consumer compares several alternatives on criteria such as price, quality, or style. Specialty products are items that the consumer makes a special effort to search out and buy. Unsought products are items that the consumer either does not know about or knows about but does not initially want.Two broad categories of products widely used in marketing relate to the type of user. Consumer products are products purchased by the ultimate consumer, whereas business products (also called B2B products or industrial products) are products organizations buy that assist in providing other products for resale. In this exercise, we will study the four different types of consumer products.Write the product examples to the correct consumer product type Royce Poplar coffin Patek Philippe watch Sony Blu-ray Disc™ player Maytag® dishwasher Doritos Hermès Birkin bag Zest bar soap Goodyear Ultra Grip tires Type of Consumer Product Convenience Product Shopping Product Specialty Product Unsought Product
Answers
Answer:
Types of Consumer Product Examples
Convenience Product: Zest bar soap
Shopping Product: Sony Blu-ray Disc™ player
Doritos Hermès Birkin bag
Goodyear Ultra Grip tires
Specialty Product: Patek Philippe watch
Maytag® dishwasher
Unsought Product: Royce Poplar coffin
Explanation:
a) The factors that distinguish consumer products are:
(1) effort the consumer spends on the decision
(2) attributes used in making the purchase decision
(3) frequency of purchase.
b) Types of Consumer Product
Convenience Product
Shopping Product
Specialty Product
Unsought Product
c) Product Examples:
Royce Poplar coffin
Patek Philippe watch
Sony Blu-ray Disc™ player
Maytag® dishwasher
Doritos Hermès Birkin bag
Zest bar soap
Goodyear Ultra Grip tires
You are forecasting a stock to pay the following dividends:
$4.40 , $3.45 , $4.
The dividends will then begin declining at a rate of 5.0% for the foreseeable future. What is the intrinsic value of this stock if the required return is 14%?
Answers
Intrinsic value of this stock will be close to $14 as the dividends $4.40 , $3.45 , $4 sum up to 11.85 and 14% returns makes it 13.508.
Know more about intrinsic value:
A thing, asset, or financial contract can have intrinsic value if it has some basic, objective value. It may be a good buy or a good sale if the market price is less than that value.
There are various approaches for determining a reasonable appraisal of a share's intrinsic value when reviewing equities. Models make use of elements like residual income, discounted cash flows, and dividend streams.
Each model heavily depends on reliable assumptions. The values estimated by the model will differ from the genuine intrinsic value if the assumptions made are incorrect or false.
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A customer calls in to purchase a product, and you go through the first offer to try and up-sell. The customer tells you that if you try and sell them anything else besides the product they called about, they will hang up without it. There is still one more offer you are supposed to pitch.
Answers
Cross- selling is the best option you can apply in this scenario, in which you give the consumer a product that is in line with their needs, and then go for pitch of further products.
According to the question, when a consumer calls to order a product, you try to upsell by going through the initial offer. The client informs you that they will end the conversation if you try to sell them anything else but the goods they phoned about, this is the wrong way to go about it.
The right way-
Give him the merchandise when the consumer calls and requests it specifically. After presenting the goods, you utilize cross-selling to promote further products.
Hence, cross- selling can be utilized to pitch one more offer you are supposed to pitch.
What's Cross- selling?Cross-selling involves promoting the purchase of any item in addition to the main product. For instance, cross-selling can persuade a consumer who has already subscribed to your marketing tool to do so for your CRM.
Hence, Cross- selling is the way to pitch product in this scenario.
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The table shows an indifference schedule for several combinations of x and y. Approximately how much of y is the consumer willing to give up to obtain the sixteenth unit of x
Answers
What type of information is required on a 1040EZ form? (Select the best answer.)
A. Your gross and net income for the previous year
B. A financial projection for the next year
C. Your bank statements from the previous year
D. A list of each purchase made in the previous year
Answers
Answer:
A. your gross and net income for the previous year.
Explanation:
took the test.
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?
Answers
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
PLEASE ANSWER FAST
Only certain employers are required to create a safe workplace, give safe tools and equipment to workers, maintain those tools, warn employees of any potential dangers, and create safety training and procedures.
A. True
B. False
Answers
Which professional has helped Jennifer in this example?
Jennifer bought a new smart phone from a local store that sells electronic products. After a week, she started experiencing problems with the
phone's display screen. She went back to the store and spoke to its ___
representative, who replaced the product and
apologized for the inconvenience.
Answers
Answer:
would it be sales representative since they were only able to replace the device and apologize
Answer:
customer service
Explanation:
I'm smart and got it right on my test
The JPB partnership reported net income of $160,000 for the year ended December 31, 20X8. According to the partnership agreement, partnership profits and losses are to be distributed as follows: JPB 10% How should partnership net income for 20X8 be allocated to J, P, and B? Salaries Bonus on net income $ 50,000 $ 60,000 $ 30,000 5% 10% Remainder (if positive) 60% 30% 10% Remainder (if negative) 30% 40% 30%
Answers
According to the data, the net income allocated to J is $ 60,000, P is $ 60,000 and B is $ 40,000. So, the correct option is Option C.
What do you mean by net income?Net income is the quantity earned by a person or company after deducting expenses, allowances, and taxes. In a company, net income is the amount of money left over after deducting all costs, such as salaries and paying the cost of products or raw materials and taxes.
Here,
Calculating the net income as:
Particulars J P B
Salaries $50,000 $60,000 $30,000
Bonus on net income $16,000 $8,000 $16,000
Net loss($20,000 * 30%);
($20,000 * 40%);($20,000 * 30%) -$6,000 -$8,000 -$6,000
Net income allocated $60,000 $60,000 $40,000
Therefore, in the JPB partnership the net income allocated to J is $ 60,000, P is $ 60,000 and B is $ 40,000.
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This is incomplete question the complete question is attached below:
Bryant Company has a factory machine with a book value of $93,100 and a remaining useful life of 5 years. It can be sold for $27,200. A new machine is available at a cost of $430,400. This machine will have a 5-year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $592,600 to $505,500. Prepare an analysis showing whether the old machine should be retained or replaced.
Answers
Answer:
The old machine should be replaced.
Explanation:
Note: See the attached excel file for the the analysis showing whether the old machine should be retained or replaced.
From the attached excel file, the following calculation are made:
Variable Manufacturing cost of Retain = Initial Variable Manufacturing cost * remaining useful life of old machine = $592,600 * 5 = $2,963,000
Variable Manufacturing cost of Replace = New Variable Manufacturing cost * Remaining useful life of new machine = $505,500 * 5 = $2,527,500
From the attached excel, it can be observed that the total cost of Retain is $32,200 higher than the total cost of Replace. This therefore implies that the old machine should be replaced.
An entrepreneur might use _____ in the very early stages of a start-up.
friends and family
self-financing
investors
loans
Answers
:)))))
Answer:
An entrepreneur might use Friends and family/Investors in the very early stages of a start-up.
Explanation:
Edge 2021-2022
PLEASE YALL HELP
Imagine you just had an election between two candidates: Abby and Tanya. There are 10,000 voters. After you count each vote, you calculate the percent of the vote Abby has so far. (In other words, you record the percent of counted voters who voted for Abby after one vote is counted, then after a second vote is counted, then after a third vote is counted, etc.) If you graphed Abby's percent of support after each vote counted, with the number of votes counted on the x-axis, how should the graph look? (Keep in mind the law of large numbers.)
Answers
The correct option regarding the graph will be A. Volatile on the left and smoothly upward or downward sloping (depending on if she wins or loses) on the right.
How to analyze the informationLaw of large numbers states that if you repeat an experiment independently a large number of times and average the result, what you obtain should be close to the expected value.
During counting of votes, at first the numbers might be fluctuate or all over the graph as numbers are low at the starting.
But as the Law of Large Numbers will take start to take effect, the final results of counting will give the clear picture.
If the candidate is winning then it will move upward else downward.
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Gas, water, and electricity are examples of:
Answers
Gas, water, and electricity are examples of UTILITIES
Answer:
Utilities since they are essential services
Explanation:
Why are banks , credit unions , and nondepository types of institutions starting to converge in terms of products and services
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They're making branch-based services more accessible than internet resources is the reason of starting coverage in terms of products and services.
Why are banks different from other depository institutions?Depository institutions like banks are maximum depend on the commercial banks, savings and loans, and credit unions take money from the depositors and then lends a loan to the people.
Nondepository institutions like finance companies mostly rely on the outsources of funding.
Thus, They're making branch-based services more accessible than internet resources
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Tamarisk Corporation had the following activities in 2020. 1. Payment of accounts payable $711,000 4. Collection of note receivable $93,000 2. Issuance of common stock $247,000 5. Issuance of bonds payable $522,000 3. Payment of dividends $335,000 6. Purchase of treasury stock $49,000 Compute the amount Tamarisk should report as net cash provided (used) by financing activities in its 2020 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash select an option by financing activities $enter a dollar amount
Answers
Answer:
the Net Cash flow provided by financing activities is $385,000
Explanation:
The computation of the amount that should be reported as net cash provided or used by financing activities is shown below:
Cash flow from financing activities
Issuance of common stock $247,000
Issuance of bonds payable $522,000
Less: Payment of dividends -$335,000
Less: Purchase of treasury stock -$49,000
Net Cash flow provided by financing activities $385,000
Hence, the Net Cash flow provided by financing activities is $385,000
Crazy Mountain Outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of its first year of operations:
Crazy Mountain Outfitters Co.
Unadjusted Trial Balance
April 30, 2019
Debit Balances Credit Balances
Cash 11,400
Accounts Receivable 72,600
Supplies 7,200
Equipment 112,000
Accounts Payable 12,200
Unearned Fees 19,200
John Bridger, Capital 137,800
John Bridger, Drawing 10,000
Fees Earned 305,800
Wages Expense 157,800
Rent Expense 55,000
Utilities Expense 42,000
Miscellaneous Expense 7,000
475,000 475,000
For preparing the adjusting entries, the following data were assembled:
a. Supplies on hand on April 30 were $1,380.
b. Fees earned but unbilled on April 30 were $3,900.
c. Depreciation of equipment was estimated to be $3,000 for the year.
d. Unpaid wages accrued on April 30 were $2,475.
The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only $14,140 of the services was provided between April 1 and April 30.
Required:
1. Journalize the adjusting entries necessary on April 30. 2019.
2. Determine the revenues, expenses, and net income of Crazy Mountain Outfitters before the adjusting entries.
3. Determine the revenues, expense, and net income of Crazy Mountain Outfitters after the adjusting entries.
4. Determine the effect of the adjusting entries on Retained Earnings.
Answers
Answer:
1. Journalize the adjusting entries necessary on April 30. 2019.
Dr Supplies expense 5,820
Cr Supplies 5,820
Dr Accounts receivable 3,900
Cr Earned fees 3,900
Dr Depreciation expense 3,000
Cr Accumulated depreciation 3,000
Dr Wages expense 2,475
Cr Wages payable 2,475
2. Determine the revenues, expenses, and net income of Crazy Mountain Outfitters before the adjusting entries.
unadjusted income statement
Fees Earned $305,800
Wages Expense ($157,800 )
Rent Expense ($55,000 )
Utilities Expense ($42,000 )
Miscellaneous Expense ($7,000)
Net income $44,000
3. Determine the revenues, expense, and net income of Crazy Mountain Outfitters after the adjusting entries.
adjusted income statement
Fees Earned $309,700
Wages Expense ($160,275 )
Rent Expense ($55,000 )
Utilities Expense ($42,000 )
Depreciation expense ($3,000)
Miscellaneous Expense ($12,820)
Net income $36,605
4. Determine the effect of the adjusting entries on Retained Earnings.
Since net income decreases after the adjusting entries, retained earnings will also decrease. Retained earnings are increased by the amount of net income.
Select the correct answer how many justices must agree to an opinion for the Supreme Court to issue a decision
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A majority of the justices, or five out of the nine on a full Court, must agree. The opinion has been written at this point. This is the court's judgment in writing.
What is the significance of the Supreme Court?In our system of government based on the Constitution, the Supreme Court is incredibly significant.
First and foremost, it acts as the final resort for anyone looking for justice because it is the nation's highest court. Second, it is crucial for ensuring that each arm of government understands the boundaries of its own authority because of its ability to conduct judicial reviews.
Third, it defends civil liberties and rights by overturning unconstitutional legislation. Finally, it establishes reasonable boundaries for democratic government by preventing popular majorities from passing legislation that discriminates against or unfairly benefits unpopular minorities.
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