Answer:
Mike should complete the repairs and sell off the boat for $800
Explanation:
Mike has already spent $600 purchasing and repairing the boat. He still needs to make an additional repair of $300. This means the cost price of the boat will be:
Cost price = $600 + $300 = $900
Selling price = $800
His loss would be:
$900 - $800 = $100
But without making the additional repair, the boat's worth is $300. This means that
Cost price = $600
Selling price = $300
His loss would be:
$600 - $300 = $300
From the above calculations, if the additional repair is done, Mike's loss would be lesser.
Therefore, the best option Mike should take is to complete the repairs and sell off the boat for $800
Lance contracts with Herman to fix the brakes on his car. The agreed upon amount is $750. When Herman is fixing the brakes, he notices that a wheel bearing needs replacement because it is completely broken. When Lance picks up his car the bill is $900. Lance says he will not pay this amount but the agreed upon $750. This is considered a(n) ______ debt.
Answer: disputed debt
Explanation:
The above scenario in the question explains a disputed debt. This occurs when there's a disagreement between two parties based on the amount owed.
In this case, Lance contracts with Herman to fix the brakes on his car for $750 but when Lance picks up his car, the bill is $900 and Lance insisted on paying the $750 that was agreed on. This shows a disputed debt.
Suppose your grandmother is retired and receives a monthly Social Security check of $3,000.00. According to the article, how much money will she receive after the cost-of-living increase
Based on the rate of increase for cost of living, your grandmother would receive the amount of $3,048.
How much would your grandmother receive?The article says that the cost of living increase is 1.6%.
The amount to be received by your grandmother is:
= Monthly social security x ( 1 + increase in cost of living)
= 3,000 x (1 + 1.6%)
= $3,048
In conclusion, your grandmother would receive $3,048.
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Which of the following are the responsibilities of middle-level managers? (Choose every correct answer.)
To supervise workers over their day-to-day tasks. generally, middle- position directors are responsible for overseeing their brigades and workers to help a company negotiate its pretensions through design and platoon operation. They will apply programs and objects, and manage prospects with elderly- position operation.
What are the responsibilities of middle-level managers?Middle superintendences part is substantial and critical to the overall health of the association! Unfortunately, middle operation is overlooked, more frequently than not, as they're micromanaged or not allowed the capability to make opinions that lead to failures or successes. Middle directors MUST be grown, trained, chops developed, ideas allowed and trusted. Middle directors MUST be viewed as the unborn leaders of your association! Organic growth from within, and people moving through the species of the company, is the healthiest way to develop a culture from within.
Middle directors are assigned with running their departments, or divisions, and to execute the plays handed down from upper/ elderly position directors they make the business work daily. They're closest to thrills on the ground and their views, opinions, and fancies need to be taken seriously and openly by elderly leaders. Only by having a strong, stable and visionary middle operation platoon, can you look at the overall company as one which will achieve greatness.
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An investor sells 150 shares of Amazon (AMZN) stock at $35.00 and pays a $7 commission. What is the total amount of money received by the investor ?
$5,243
$5,250
$5,520
Please help me answer it correctly
Answer:$5,257 well....thats not an option so im sorry....if i were to guess based on answer opitons i would pick $5,243
Explanation:
:)
what is the definition of selective retention
Answer:
Selective retention, in relating to the mind, is the process whereby people more accurately remember messages that are closer to their interests, values and beliefs, than those that are in contrast with their values and beliefs, selecting what to keep in the memory, narrowing the information flow.
Answer:
Definition below:
Explanation:
Selective retention is a term used when people are more likely to remember things that they personally identify with. For example, a person who likes basketball may remember a commercial on TV with Lebron James better than an ad on TV with Martha Stewart.
Offer of share by a listed CPSE or the
government out of its shareholding or a
combination of both to the public for
subscription is done through
a.Initial public offering
b.Offer for sale
c.Further public offering
d.Strategic sale
Answer:
Offer of share by a listed CPSE or the government out of its shareholding or a combination of both to the public for subscription is done through
d. Strategic sale
Explanation:
Strategic sale refers to the transfer of control of an entity from government to private owners. This method is considered to be the best method for achieving improved efficiency in the rendering of governmental services. Many government entities are being sold to private entities or the public because government has realized that it should not in business. By selling shares of such entities government enables the entities to be run with efficiency and effectiveness.
Which of the following careers does NOT work with patients or the public?
A.
Social worker
B.
Laboratory technician
C.
Hair stylist
D.
Substance abuse counselor
Answer:
B. Laboratory technician
Explanation:
Laboratory technicians don't work with patients or the public.
Answer:
B.Laboratory technician
Explanation:
"A lab technician analyzes samples such as body fluids and chemicals. They assist scientists and medical personnel with tasks such as keeping records and conducting tests." They do not have patients, or work with the public, they work for them, to make scientific analises. Hope this help!!
A regulatory agency that protects workers is
A. OSHA
B. EPA
C. FDA
D. SEC
Answer- A. OSHA
Answer:Its A
Explanation:
Just took the quiz
Answer: A. OSHA
Explanation: This is the correct answer on Edge 2020 (just took the quiz and made a 100% ^-^).
Changes in stockholders' equity Listed are the equity sections of balance sheets for years 2014 and 2015 as reported by Mountain Air Ski Resorts, Inc. The overall value of stockholders' equity has risen from $1,800,000 to $7,200,000. Use the statements to discover how and why this happened. The company paid total dividends of $210,000 during fiscal 2015.
Mountain Air Ski Resorts, Inc. Balance Sheet (partial)
Stockholder's Equity 2014 2015
Common stock ($1.00 par)
authorized 4,600,000 shares
outstanding 1,600,000 shares 2015 $1,600,000
outstanding 480,000 shares 2014 $480,000
Paid-in capital in excess of par 520,000 4,100,000
Retained earnings 800,000 1,500,000
Total stockholder's equity $1,800,000 $7,200,000
a. Mountain Air's net income for fiscal 2015 is $_____. Round to the nearest dollar.
b. The number of new shares issued is shares _____. Round to the nearest integer.
c. The price per share of the new stock sold during 2015 is $_____. Round to the nearest cent.
d. The original price of the shares was $_____. (Round to the nearest cent.)
a. Mountain Air's net income for fiscal 2015 is $910,000.
b. The number of new shares issued is 1,120,000.
c. The price per share of the new stock sold during 2015 is $4.20.
d. The original price of the shares was $2.08.
a. The net income is
= $1,500,000 - $800,000 + $210,000
= $910,000
b. The number of New Share issued is
= 1,600,000 - 480,000
= 1,120,000
c. The price of the new stock per share sold is
Par Value 1,120,000
Add: Paid In excess Of par (4,100,000 - 520,000) 3,580,000
Net Proceeds from issuance of shares 4,700,000
Number of New Share Issued 1,120,000
Now
The Average price per share of the new stock sold is
= 4,700,000 ÷ 1,120,000
= $4.20
d. The original price of the share is
The original issuance price is
= (Paid-in-capital account + common stock account) ÷ original shares
= (520,000 + 480,000) ÷ 480,000
= $2.08
Therefore we can conclude that
a. Mountain Air's net income for fiscal 2015 is $910,000.
b. The number of new shares issued is 1,120,000.
c. The price per share of the new stock sold during 2015 is $4.20.
d. The original price of the shares was $2.08.
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Why is pillar content important
Content pillars will help you get clarity on your niche, while also building trust and helping your audience grow faster. There's another huge benefit: By creating content your target audience wants, they will spend longer on your site's pages and engage with your posts.
1 typewritten reviews of a Business Management, or Marketing
Article of the students choosing that appeared in the required Online
readings, You may also select articles from the New York Times.
The articles due on the assign due date. The News Article Review must
be printed out and attached to the student’s Typewritten review in Pdf.
The review must summarize the article in the student’s own words and
discuss how the subject matter of the News Article Review relates to
topics covered in the course.
THE ARTICLE SHOULD NOT BE
MORE THAN 14 DAYS OLD AND MUST BE RETRIVED FROM A
BUSINESS, OR MARKETING JOURNAL PUBLICATION
Explanation:
Title: "Digital Marketing Strategies for Small Businesses: A Case Study"
Article Source: Harvard Business Review
Summary:
The article "Digital Marketing Strategies for Small Businesses: A Case Study" discusses how small businesses can effectively utilize digital marketing strategies to compete in today's highly competitive business landscape. The case study presented in the article focuses on a small boutique clothing store that implemented various digital marketing tactics to increase their online visibility and drive more sales.
The article highlights the importance of having a strong online presence for small businesses, as consumers increasingly rely on digital channels to discover and purchase products and services. The case study outlines the steps taken by the boutique store, including optimizing their website for search engines, creating engaging social media content, and implementing email marketing campaigns to engage with customers.
The article also emphasizes the need for small businesses to adapt their digital marketing strategies based on changing consumer behaviors and market trends. For example, the boutique store in the case study shifted their focus to social media advertising when they noticed that their target audience was spending more time on social media platforms.
Relation to Course Topics:
The article aligns with several topics covered in the Business Management or Marketing course. It highlights the importance of digital marketing for small businesses and the need to adapt strategies to changing consumer behaviors, which are key concepts in modern marketing. The case study also provides practical examples of how small businesses can implement digital marketing tactics, such as search engine optimization, social media marketing, and email marketing, which are commonly covered in marketing courses.
The article also emphasizes the significance of understanding consumer behavior and market trends, which are important considerations in business management. It underscores the need for small businesses to continually assess and adjust their marketing strategies to remain competitive in the ever-evolving digital landscape.
Overall, the article provides a relevant and practical case study that showcases the application of digital marketing strategies for small businesses, making it a valuable resource for students studying business management or marketing.
Review:
The "Digital Marketing Strategies for Small Businesses: A Case Study" article is a well-written and informative piece that provides practical insights into how small businesses can effectively leverage digital marketing strategies. The case study presented in the article is relevant and relatable, making it easy to understand the challenges faced by small businesses in the digital marketing realm.
The article is concise, yet comprehensive, covering key concepts such as search engine optimization, social media marketing, and email marketing in a clear and understandable manner. The use of a real-life case study adds credibility and practicality to the article, making it more engaging for readers.
The author's writing style is engaging and easy to follow, with a good balance of theoretical concepts and practical examples. The article is well-structured, with clear headings and subheadings that make it easy to navigate and locate specific information.
One potential improvement could be the inclusion of more recent data or statistics to support the author's points and provide additional evidence of the effectiveness of the digital marketing strategies discussed. However, overall, the article is a valuable resource for students studying business management or marketing, as it provides relevant and practical insights into how small businesses can navigate the digital marketing landscape to achieve their business goals.
In conclusion, the "Digital Marketing Strategies for Small Businesses: A Case Study" article is a recommended read for students studying business management or marketing. It offers valuable insights into the challenges and opportunities of digital marketing for small businesses and provides practical examples that can be applied in real-world business settings. The article's alignment with course topics and its clear and engaging writing style make it a useful resource for students looking to deepen their understanding of digital marketing strategies.
1) A face-to-face conversation in which you are asking probing questions to get
opinions or feedback is an example of what type of data collection method?
A) consumer panel
B) observation method
C) survey method
D) interview
E) experimental method
2) Market information that is gathered by another person or organization is called
A) market research
B) secondary data
C) market segmentation
D) primary data
3) Which of the following does product testing accomplish?
A) determines where there are competing or alternative products that work better
B) shows if there are improvements or added features needed before it launches
C) identifies which product might be the most successful
D) all of the above
Answer:
2) B. secondary data
3) D. all of the above
the pros and cons of using a credit card, checking account, and debit card.
Credit card and debit card
PROS
You have digital moneyYou have digital moneyYou can buy things onlineCONS
You have to go to the bank to take money outSomeone can hack your card and take your moneyWhich statement is true regarding monopolistic competition?
Answer:
AR>MR
--------------------------------------
WHERE ARE THE OPTIONS.
question questionquestionquestionquestionquestionquestionquestionquestionquestion
Explanation:
what's the question I'm waiting to hear it
Last year Ann Arbor Corp had $250,000 of assets (which equals total invested capital), $305,000 of sales, $20,000 of net income, and a debt-to-total-capital ratio of 37.5%. The new CFO believes that a new computer program will enable the company to reduce costs and thus raise net income to $33,000. The firm finances using only debt and common equity. Assets, total invested capital, sales, and the debt to capital ratio would not be affected. By how much would the cost reduction improve the ROE
Answer:
8.32%
Explanation:
The computation of cost reduction improve the ROE is shown below:-
For computing the increase in ROE first we need to follow some steps which is here below:-
Debt = capital × Debt
= $250,000 × 37.5%
= $93,750
Equity = Assets - Debt
= $250,000 - $93,750
= $156,250
New ROE = New Net income ÷ Equity
= $33,000 ÷ $156,250
= 21.12%
Old ROE = Old Net income ÷ Equity
= $20,000 ÷ $156,250
= 12.8%
Increase in ROE = New ROE- Old ROE
= 21.12% - 12.8%
= 8.32%
What are the components of hire purchase contracts
Answer:
Explanation:
Hire purchase contracts are a type of agreement where a buyer purchases a product or item through installment payments. The components of hire purchase contracts typically include:
Buyer: The individual or organization purchasing the item through the hire purchase contract.
Seller: The person or company that owns the item and is selling it through the hire purchase contract.
Down payment: The initial payment made by the buyer at the beginning of the contract, typically a percentage of the total purchase price.
Installment payments: The regular payments made by the buyer to the seller to pay off the total purchase price of the item.
Interest rate: The rate charged by the seller on the outstanding balance of the purchase price. This is typically higher than the interest rate charged on a conventional loan.
Term: The length of time over which the buyer will make installment payments. The term can vary depending on the agreement between the buyer and the seller.
Ownership: The ownership of the item remains with the seller until the buyer completes all the installment payments.
Default: The consequences of defaulting on payments, including the seller's right to repossess the item if payments are not made.
Termination: The conditions under which the contract can be terminated, such as if the buyer pays off the entire purchase price early or if the seller breaches the contract.
Overall, hire purchase contracts are a way for buyers to purchase items they may not be able to afford upfront, while allowing sellers to earn a profit by charging interest on the outstanding balance. It is important for both parties to carefully review and understand the terms of the contract before agreeing to it.
4. Matilda and Rene are also trying to forecast what their federal and state income taxes will
be for the end of the year. If Matilda and Rene had a negative cash flow of -$150.00 per
month from January through April, but a positive cash flow of $1,000.00 per month (after
expenses) from May through December, on what dollar amount will they determine their
income taxes? What expenses could be used for tax deductions? (15 points)
Answer:
what do you need help with...
Explanation:
under the provisions of the prudent investor act, all of the following statements are true regarding the management of trust accounts with multiple beneficiaries except the fiduciary: a must manage the trust impartially, taking into account the differing needs of the trust beneficiaries b must manage the trust to meet the needs of older beneficiaries before considering the needs of the younger beneficiaries
Under the provisions of the prudent investor act, all the statement are true except is judged based on the performance of each individual investment chosen in the account.
Option B is correct.
Elaborating:Unlike the outdated "prudent man rule," which only required investments to be low-risk, the "Prudent Investor Act" gives fiduciaries much more freedom in how they can divide trust assets among various investment classes.
The idea is that modern portfolio theory can be used to diversify assets and achieve a higher return that justifies the strategy's additional "risk" if the strategy is consistent with the beneficiaries' investment goals and needs. The fiduciary is evaluated based on the performance of the entire portfolio rather than the performance of each individual investment.
The Act permits the fiduciary to contract with an outside investment adviser to manage trust assets because doing so may necessitate a higher level of expertise. The fiduciary must act impartially and take into account the requirements of each beneficiary in any trust with multiple beneficiaries.
Question is incomplete:
Under the provisions of the Prudent Investor Act, all of the following statements are true regarding the management of trust accounts with multiple beneficiaries except the fiduciary:
A. must manage the trust impartially, taking into account the differing needs of the trust beneficiaries
B. is judged based on the performance of each individual investment chosen in the account
C. should seek to maximize portfolio performance and can assume extra risk consistent with the beneficiaries' investment objectives and needs
D. is permitted to delegate investment decisions to qualified agents without needing consent of the beneficiaries
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if the most likely reason customers will purchase a company's product is its many useful attributes, what advertising focus would likely be more effecitve
Answer:
If the most likely reason customers will purchase a company's product is its many useful attributes, an advertising focus that highlights the product's features and benefits would likely be more effective.
Explanation:
If the most likely reason customers will purchase a company's product is its many useful attributes, an advertising focus that highlights the product's features and benefits would likely be more effective. This approach involves emphasizing the specific attributes and benefits of the product, such as its quality, functionality, durability, convenience, and other useful characteristics. By highlighting these features, the advertising can appeal to the customer's desire for a product that meets their needs and provides practical benefits. Additionally, providing specific details and comparisons of the product's attributes with those of competitors can help to differentiate the product and increase its appeal to potential customers.
A clothing design company pays two different people to design its T-shirts. The company pays person A $10 an hour and pays person B $12. Person A cannot work more than 5 more hours than person B, but they cannot work more than 30 hours total. Person A makes the company a profit of $15 an hour, and person B makes the company a profit of $20 an hour. If the company wants to make at least $250 in profit, which value will minimize the cost to the company? (Each point is (a, b), where a is the hours person A works and bis the hours person B works.) A. (17.5, 12.5) B. (0, 12.5) C. (10, 20) D. (0, 30)
AnswerAnswer:
B. (0, 12.5)
Explanation:
A+B = 30
a+a+5=30
a=12.5
if a = 12.5 b= 17.5
12.5 x 15 = 187.5 17.5 x 20 = 350
12.5 x 17.5 = 250 hence B is the correct answer
The combination of hours that minimizes the cost to the company while making at least $250 in profit is (17.5, 12.5), or answer choice A.
To minimize the cost to the company, we need to find the combination of hours for person A and person B that will allow the company to make at least $250 in profit while keeping the total cost of labor as low as possible. Let's call the number of hours that person A works "a" and the number of hours that person B works "b". We know that person A earns $10 per hour and person B earns $12 per hour. Additionally, we know that person A makes the company a profit of $15 per hour, while person B makes the company a profit of $20 per hour.
If we let x be the number of hours that person B works, then person A can work at most x+5 hours. This means that the total number of hours worked must be no more than 30, or a + b ≤ 30.
To make at least $250 in profit, we can set up the following inequality:
15a + 20b ≥ 250
Now we want to find the combination of a and b that minimizes the cost to the company. The cost to the company is given by:
Cost = 10a + 12b
We can use the method of Lagrange multipliers to solve this problem. We need to minimize the cost function subject to the constraints that a + b ≤ 30 and 15a + 20b ≥ 250.
The Lagrangian is:
L(a,b,λ) = 10a + 12b + λ(30 - a - b) + μ(250 - 15a - 20b)
where λ and μ are the Lagrange multipliers.
Taking partial derivatives with respect to a, b, λ, and μ, we get:
∂L/∂a = 10 - λ - 15μ = 0
∂L/∂b = 12 - λ - 20μ = 0
∂L/∂λ = 30 - a - b = 0
∂L/∂μ = 250 - 15a - 20b = 0
Solving these equations, we get:
a = 17.5, b = 12.5, λ = -1, μ = -2.5
Therefore, the combination of hours that minimizes the cost to the company while making at least $250 in profit is (17.5, 12.5), or answer choice A.
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Which of the following is a true statement?
a. Meals, lodging, and incidental expenditures are deductible if the taxpayer is away from home overnight while traveling.
b. Meals are deductible for an employee who is forced to work during the lunch hour.
c. When a taxpayer travels solely for business purposes, only half of the costs of travel are deductible.
d. If travel has both business and personal aspects, the cost of transportation is always deductible but the deductibility of lodging depends upon whether business is conducted that day.
e. None of the choices are true because business travel is not deductible.
3 Do you think this arrangement will have an effect on Peter's motivation? Motivate you answer. (10)
The specific arrangement and work environment can impact an individual's motivation. It is important to consider factors such as autonomy, challenge, and culture to ensure that individuals feel motivated and engaged in their work.
One factor that can impact motivation is autonomy. When individuals have more control over their work, they tend to feel more motivated and invested in the outcome. On the other hand, when individuals have less autonomy and are micromanaged, they may feel demotivated and disengaged.
Another factor is the level of challenge and complexity in the work. When individuals are given tasks that are too easy or too difficult, they may lose motivation or feel frustrated. However, when individuals are given challenging tasks that are within their skill level, they tend to feel more engaged and motivated.
Lastly, the work environment and culture can also impact motivation. When individuals work in a supportive and positive environment where their contributions are recognized and valued, they tend to feel more motivated and committed to their work.
In summary, the specific arrangement and work environment can impact an individual's motivation. It is important to consider factors such as autonomy, challenge, and culture to ensure that individuals feel motivated and engaged in their work.
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briefly explain how the decision support system resolved the problems experienced by the railways
The decision support system improved the efficiency of the railroads, paying special attention to the punctuality and speed of transportation on both passenger and commercial routes. The Indian Railways encounter a number of difficulties, including the failure to ensure train punctuality.
Ticketless transit by passengers, damage to or theft of railroad property, and others. The railways suffer a considerable loss in income as a result. By December 2023, 100% electrification of the broad gauge is the goal. In 2020–21, the speed of freight trains doubled to 46 kmph from 23 kmph in previous years. In January 2019, all unmanned level crossings on the broad gauge were removed.
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Knight Company reports the following costs and expenses in May.
Factory utilities - $15,730 Direct labor $73,307
Depreciation on factory equipment - 14,740 Sales salaries - 48,473
Depreciation on delivery trucks - 4,256 Property taxes on factory building - 2,897
Indirect factory labor - 53,233 Repairs to office equipment - 2,073
Indirect materials - 83,496 Factory repairs - 2,174
Direct materials used - 139,417 Advertising - 16,515
Factory manager’s salary - 8,367 Office supplies used - 3,599
From the information, determine the total amount of:____________
a) Manufacturing Overhead - $180,637
b) Product Costs - ?????????????????
c) Peroid Costs - $74,916
Answer:
a. $180,617
b. $393,341
c. $74,916
Explanation:
a. Manufacturing Overhead = Factory utilities + depreciation on factory equipment + indirect factory labour + indirect materials + factory manager salary + property taxes on factory building + factory repairs
= 15,730 + 14,720 + 53,233 + 83,496 + 8,367 + 2,897 + 2,174
= $180,617
b. Product Costs = direct labour + direct material + manufacturing overhead
= 73,307 + 139,417 + 180,617
= $393,341
c. Period Costs = sales salaries + depreciation on delivery trucks + repairs to office equipment + advertising + office supplies used
= 48,473 + 4,256 + 2,073 + 16,515 + 3,599
= $74,916
Abe's Steakhouse is the largest upscale steakhouse company in the United States, based on total company- and franchisee-owned restaurants. The company's menu features a broad selection of high-quality steaks and other premium offerings. Assume the information below is from a recent annual report:
a. Common stock, $0.01 par value; 100,160,000 shares authorized; 23,383,356 issued and outstanding at the end of the current year, 23,215,356 issued and outstanding at the end of last year.
b. Additional paid-in capital: $198,389,000 at the end of the current year and $169,431,000 at the end of last year.
c. Retained earnings / (accumulated deficit): ($80,897,000) at the end of last year.
d. In the current year, net income was $54,083,000 and a cash dividend of $7,138,000 was paid.
Required: Prepare the stockholders’ equity section of the balance sheet to reflect the above information for the current year and last year.
ABE'S STEAKHOUSE
Balance Sheet (Partial) Current Year Last Year
Shareholders' equity: ??? ???
Additional paid-in capital ??? ???
Accumulated deficit ??? ???
Total shareholders' equity ??? ???
Here is the stockholders’ equity section of the balance sheet for Abe's Steakhouse:
The stockholders’ equityABE'S STEAKHOUSE
Balance Sheet (Partial)
Current Year Last Year
Shareholders' equity: Shareholders' equity:
Common stock ($0.01 par value; 100,160,000 shares authorized; 23,383,356 issued and outstanding) Common stock ($0.01 par value; 100,160,000 shares authorized; 23,215,356 issued and outstanding)
* $233,833 | $232,154
Additional paid-in capital | Additional paid-in capital
* $198,389 | $169,431
Retained earnings | Accumulated deficit
* $46,945 | $(80,897)
Total shareholders' equity | Total shareholders' equity
* $448,267 | $(37,744)
I have made the following adjustments to the information provided:
I have multiplied the number of shares outstanding by the par value of $0.01 to calculate the amount of common stock.
I have added the additional paid-in capital to the common stock to calculate the total contributed capital.
I have added the retained earnings (or accumulated deficit) to the total contributed capital to calculate the total shareholders' equity.
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Ibis Paper Company prepared the following static budget for November: Static budget Units/Volume 12,000 Per unit Sales revenue $21.00 $252,000 Variable costs 8.00 96,000 Contribution margin 156,000 Fixed costs 13,000 Operating income/(Loss) $143,000 If a flexible budget is prepared at a volume of 13,300 units, calculate the operating income at 13,300 units of production. The production level is within the relevant range.
Answer:
Net operating income= $159,900
Explanation:
Giving the following information:
Sales revenue= $21.00
Variable costs= $8.00
Fixed costs 13,000
For 13,300 units:
Sales= 21*13,300= 279,300
Total variable costs= 8*13,300= (106,400)
Total contribution margin= 172,900
Fixed costs= (13,000)
Net operating income= 159,900
Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.
Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.
‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s company. They are fast and have a great reputation for products and services. The price is good and they are willing to customize the stationary, with no additional cost to us. Anyway, Nicholas was always too busy to meet. I emailed him the contract and my teams thoughts on how we should proceed hoping he would read it.’ My team consists of the Accounts/Finance Manager, Inventory Manger, Legal, Research & Development, Public Relations Manager and I, and we meet at different times and days, whether collectively or selectively.
‘Anyway we, Nicholas and I, met with the supplier this morning. We are going through the contract, the next thing I know Nicholas says, ‘This won’t work for us. The cost is too high. Where did these calculations come from?’ ‘If the floor had opened up and swallowed me I could have not been more embarrassed. I mean I spent three weeks, working on it with the team Accounting, PR and Legal! Joseph shaking his head continued, ‘he just took over the conversation. I mean we got the contract signed but in the end all that happened was that the figures were rearranged we still end up paying the same.’ ‘I am tired of this foolishness. He stays locked in his office on his cell every day. Only God knows what he does in there.’
1. Do you believe that Nicholas is an unethical manager? Justify your response by choosing one of the ethical decision making concepts outlined in unit 2 to argue/support your writing.
2. From the chosen ethical decision making concept selected by you in question 1, show its relationship to any one of the variables in an analytical tool, outlined in unit 1, read.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior. It appears that Nicholas did not take the time to review the contract or the team’s thoughts, but still took over the conversation with the supplier and changed the figures. This behavior could be seen as a violation of the ethical principle of fairness, which involves treating others in a reasonable, equitable, and impartial way. Nicholas’ actions suggest that he did not give due consideration to the team’s input or their efforts to finalize the contract, which could affect their working relationship and trust in him as their manager.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business. Fairness is based on the idea of treating all stakeholders equitably and impartially, taking into account their needs, interests, and perspectives. In this case study, Nicholas’ actions appear to violate the principle of fairness by disregarding the efforts of Joseph and his team to finalize the contract, and making unilateral changes without adequate review or discussion.
To analyze this situation using an analytical tool, we can use the Stakeholder Mapping tool, which helps to identify and categorize stakeholders based on their level of interest and power. In this tool, stakeholders are divided into four categories: High power/high interest, High power/low interest, Low power/high interest, and Low power/low interest. In this case, Joseph and his team are the stakeholders with high power and high interest in the situation, as they are responsible for finalizing the contract.
Using the Stakeholder Mapping tool, we can see that Nicholas’ actions have the potential to undermine the trust and collaboration of high power/high-interest stakeholders, who are critical to the success of the project. Specifically, his actions may cause frustration, resentment, and loss of confidence in his management ability. This could result in a breakdown of communication and cooperation, which would ultimately affect the team’s performance and the overall success of the project. Therefore, it is important for Nicholas to consider the perspectives and input of all stakeholders, including those with high power and high interest, when making decisions that affect them. By doing so, he can ensure that his decisions are ethical, fair, and aligned with the needs of all stakeholders.
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Claudia is trying to develop a communications plan for a new plant opening. She puts in many hours of overtime and eventually gives up and goes home without finishing the project. She is most likely in the _____ stage of the General Adaptation Syndrome (GAS).
Group of answer choices
a. resistance
b. alarm
c. exhaustion
d. preparation
e. verification
Claudia is trying to develop a communications plan for a new plant opening. She puts in many hours of overtime and eventually gives up and goes home without finishing the project. She is most likely in the exhaustion stage of General Adaptation Syndrome (GAS).
GAS stands for General Adaptation Syndrome, which is the body's reaction to stress. It was created by Hans Selye, a Canadian scientist, in 1950, as a response to a variety of physical and emotional stressors. The three stages of the General Adaptation Syndrome are as follows:
Alarm phaseResistance phaseExhaustion phaseClaudia is most likely in the exhaustion stage of GAS. During this stage, after a lengthy period of stress, the body's defenses break down. During this stage, people may become tired, irritable, and more vulnerable to illness and disease. Fatigue, stress, and depression are common symptoms of this phase. Communication is the act of exchanging information between individuals or groups of people. It is a process that enables information and ideas to be shared. In terms of organizational management, effective communication is critical to the success of a business. Managers may improve employee engagement, productivity, and overall organizational outcomes by implementing an effective communication strategy.
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Reasonable people debate the ethics of marketing through influencers. We are sometimes led to believe that they use the product they are advertising, and it isn't disclosed that they are being paid for it. What do you think? Is it ethical? Justify your answer.