Morning Star Ltd was registered on 1 July 2021, as a company with a constitution limiting the shares that could be offered to 5 000 000 Ordinary shares (including all classes) and 2 000 000 preference shares. The company issued a prospectus dated 1 July 2021 inviting the public to apply for 1 000 000 Ordinary A class shares at $10.00 per share. The terms of the shares on issue are $5.00 on application, $3.00 on allotment and a future call of $2.00 with date to be determined. If the issue is oversubscribed the directors will make a pro-rata issue of shares and the excess application money will be applied to allotment and calls before any refunds will be given. On 30 July, applications for the Ordinary A class shares closed. Applications for 1 200 000 shares in total had been received with applicants for 300 000 shares paying the full price and 900 000 shares paying only the application fee. On 1 August, the Ordinary A class shares were allotted on a pro-rate basis with all allotment money owed paid by the 30 August. The company paid share issue costs of $10,000 for the issuing of Ordinary A class shares on 1 September. The share issue costs related to legal expenses associated with the share issue and fees associated with the drafting and advertising of the prospectus and share issue. The call on the Ordinary A class shares was made on 15 September and due by 30 September. All call money was received except for the call on 50 000 shares. The directors met and forfeited the shares on 15 October. On 30 October, the forfeited shares were reissued at $9 fully paid to $10.00. Costs associated with reissuing the forfeited shares totalled $4,500. The remaining money was refunded to the defaulting shareholders on 15 November. On 1 January 2022, Morning Star Ltd issued via a private placement semi-annual coupon debenture (which pays interest every 6 months) with a nominal value of $550,000. The debenture term is five years and the coupon rate is 6% per annum. The market requires a rate of return of 4% per annum. The money came in and the debentures were allotted on the same date. The first interest payment will occur on 30 June 2022. On the same day (1 January), Monring Star issued 80 000 options for the Ordinary A class shares with an exercise price of $8.00 each. It costs $2.00 per option. These options expire on 30 June 2022. On 31 March 2022, the directors announced a renounceable 1-for-40 rights issue of the Ordinary A class shares. Morning Star asked for $7 to be paid if a shareholder is exercising that right. The share price is $10 per share at the time of exercising the rights. The holders of 600,000 shares exercise their rights. By 30 June 2022, 75 000 options were exercised. The remaining options are lapsed. On the same day (30 June), 15 000 Ordinary A class shares were bought back by Morning Star for $11.00 each. The original issue price for these shares were at $10.00 per share. Required:
(a) Prepare journal entries for the above transactions for the year ended 30 June 2022. Note: The entries should be in strict date order of the underlying event and please round all amounts up to the whole number. (24.5 marks)
(b) Prepare an extract of the statement of change in equity to show the composition and movement of the ordinary shares account of Morning Star Ltd as at 30 June 2022. Please provide the opening balance, movements in share capital and closing balance of each class of shares. (5.5 marks)

Answers

Answer 1

In an organization's accounting system, journal entries are the recorded transactions. They are used to keep track of the financial results of business activities like selling goods, paying bills, and borrowing money.

(a) Journal Entries for the Year Ended 30 June 2022:

1 July 2021:

Cash Dr 5,000,000

Share Capital - Ordinary A Class Dr 5,000,000

(To record the receipt of cash for the application of 1,000,000 Ordinary A Class shares)

30 July 2021:

Cash Dr 1,500,000

Share Capital - Ordinary A Class Dr 1,500,000

Application Fees Dr 400,000

(To record the receipt of cash for the application of 300,000 fully paid shares and 900,000 shares with application fees)

1 August 2021:

Share Capital - Ordinary A Class Dr 3,600,000

Application Fees Cr 400,000

(To record the allotment of shares on a pro-rata basis)

30 August 2021:

Share Capital - Ordinary A Class Dr 1,800,000

Allotment Fees Dr 1,200,000

Application Fees Cr 3,000,000

(To record the payment of allotment money owed)

1 September 2021:

Share Issue Costs Dr 10,000

Cash Cr 10,000

(To record the payment of share issue costs)

15 September 2021:

Call Receivable - Ordinary A Class Dr 50,000

Share Capital - Ordinary A Class Cr 50,000

(To record the call made on 50,000 shares)

30 September 2021:

Cash Dr (call amount received)

Call Receivable - Ordinary A Class Cr (call amount received)

(To record the receipt of call money)

15 October 2021:

Share Capital - Ordinary A Class Dr 500,000

Share Forfeiture Dr 50,000

Share Premium - Ordinary A Class Dr 100,000

Call Receivable - Ordinary A Class Cr 650,000

(To record the forfeiture of 50,000 shares)

30 October 2021:

Cash Dr 450,000

Share Capital - Ordinary A Class Cr 450,000

(To record the reissue of forfeited shares)

15 November 2021:

Share Capital - Ordinary A Class Dr 250,000

Share Forfeiture Dr 50,000

Share Premium - Ordinary A Class Dr 50,000

Cash Cr 350,000

(To record the refund to defaulting shareholders)

1 January 2022:

Cash Dr 550,000

Debenture - Semi-Annual Coupon Dr 550,000

(To record the issue of debentures)

1 January 2022:

Option Expense Dr 160,000

Cash Cr 160,000

(To record the issuance of options)

31 March 2022:

Cash Dr 4,200,000

Share Capital - Ordinary A Class Dr 4,200,000

(To record the receipt of cash for the exercise of rights issue)

30 June 2022:

Cash Dr 750,000

Share Capital - Ordinary A Class Cr 750,000

(To record the exercise of options)

30 June 2022:

Cash Dr 165,000

Share Capital - Ordinary A Class Dr 15,000

Share Premium - Ordinary A Class Dr 15,000

Retained Earnings Cr 165,000

(To record the buyback of 15,000 Ordinary A Class shares)

(b) Extract of Statement of Changes in Equity as at 30 June 2022:

Share Capital - Ordinary A Class:

Opening Balance: $5,000,000

Issued and Allotted: $3,600,000

Forfeited: $650,000

Rights Issue: $4,200,

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Answer 2

Journal entries for the transaction and Changes in Equity are shown in below as per the criteria.

(a) Journal Entries for Transactions:

July 1, 2021 - Issuance of Ordinary A Class Shares:

Debit: Cash - Application $5,000,000 (300,000 shares × $5.00)

Credit: Share Capital - Ordinary A Class $5,000,000 (300,000 shares × $5.00)

July 30, 2021 - Closing of Applications:

Debit: Cash - Application $900,000 (900,000 shares × $1.00)

Credit: Share Capital - Ordinary A Class $900,000 (900,000 shares × $1.00)

August 1, 2021 - Allotment of Ordinary A Class Shares:

Debit: Share Capital - Ordinary A Class $3,000,000 (300,000 shares × $3.00)

Credit: Cash - Application $3,000,000 (300,000 shares × $3.00)

September 1, 2021 - Share Issue Costs:

Debit: Share Issue Costs $10,000

Credit: Cash $10,000

September 15, 2021 - Call on Ordinary A Class Shares:

Debit: Share Capital - Ordinary A Class Call $100,000 (50,000 shares × $2.00)

Credit: Share Capital - Ordinary A Class $100,000 (50,000 shares × $2.00)

October 15, 2021 - Forfeiture and Reissue of Shares:

Debit: Share Capital - Ordinary A Class $500,000 (50,000 shares × $10.00)

Debit: Share Forfeiture $500,000

Credit: Share Capital - Ordinary A Class Call $100,000 (50,000 shares × $2.00)

Credit: Share Forfeiture $100,000

Debit: Cash $450,000

Debit: Share Issue Costs $4,500

Credit: Share Capital - Ordinary A Class $500,000 (50,000 shares × $10.00)

Credit: Share Issue Costs $4,500

January 1, 2022 - Issuance of Debentures:

Debit: Cash $550,000

Credit: Debentures $550,000

January 1, 2022 - Issuance of Options:

Debit: Cash $160,000 (80,000 options × $2.00)

Credit: Share Capital - Ordinary A Class - Options $160,000

March 31, 2022 - Rights Issue:

Debit: Cash $4,200,000 (600,000 shares × $7.00)

Credit: Share Capital - Ordinary A Class $4,200,000 (600,000 shares × $7.00)

June 30, 2022 - Exercise of Options and Share Buyback:

Debit: Share Capital - Ordinary A Class - Options $150,000 (75,000 options × $2.00)

Credit: Share Capital - Ordinary A Class $750,000 (75,000 shares × $10.00)

Debit: Cash $825,000 (75,000 shares × $11.00)

(b) Extract of Statement of Changes in Equity:

                                              Opening         Movements in             Closing  

                                               Balance        Share Capital               Balance

Ordinary A Class Shares $5,000,000 $10,100,000 $15,100,000

Ordinary A Class - Options        -         $160,000  $160,000

Total                                 $5,000,000 $10,260,000 $15,260,000

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Related Questions

Which is a benefit of collaboration and teamwork?
A.It expands your social network and creates new connections.
B.It makes it more difficult to leave your current job.
C.It makes it easier to do your job since you can have other people do it.
D.It requires more work since you have to explain so much to other people.

Which is a benefit of collaboration and teamwork?A.It expands your social network and creates new connections.B.It

Answers

Answer:

The Awnser Is A

Explanation:

It's the Best Awnser

​Harley-Davidson disciples share a​ common, deeply held attraction to the brand. Harley appeals​ include: freedom,​ independence, power, and authenticity.​ Harley-Davidson doesn't just sell motorcycles. It sells​ self-expression, lifestyles,​ aspirations, and dreams. This illustrates​ core customer values

Answers

Answer: Brand personality

Explanation:

Brand personality is what the customers can easily relate to about a particular brand. To develop and maintain a strong brand, having a brand personality is vital.

From the question, we are informed that Harley appeals​ include freedom,​ independence, power, and authenticity and that Harley-Davidson doesn't just sell motorcycles, it sells​ self-expression, lifestyles,​ aspirations, and dreams. This illustrates brand personality.

True, its illustrated Core Customer Value.

Core customer values refers to the perception of what a product or service of a company is worth to a customer against the effort of buying such product.

These values are what attracts customers to a product or a firm.

Question sometime asked by customer that what do i gain from this product despite being costlier? The Core values the customer got from the product or firm keeps the attraction.

In conclusion, the values are displayed effectively by product or firms in other to persuade new customer as well as to attract existing customers.

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________ is a measure of an organization's ability to meet its current debt obligations.
a, Profitability
b, Activity
c, Leverage

Answers

Leverage is a measure of an organization's ability to meet its current debt obligations.

These give you a broad picture of your financial situation and measure the amount of liquidity (cash and easily convertible assets) you have available to pay your bills. The current ratio gauges how well your business can produce cash to cover short-term obligations.

The ratio of net profits to total revenues, or net margin, is a useful indicator for assessing profitability.  Because it is insufficient to evaluate the company's financial health using a basic dollar amount of profit, it is essential to take the net margin ratio into account.

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llus Patrick is selling a new hair product. He hopes to sell 10 bottles a month if he spends a one-time $100 on advertising. He is selling each bottle for $12. The product costs him $5.00 to make per bottle. What would the planned profit be after one year of sales?
A. $600 B. $740 C. $1050​

Answers

Answer:

B. $740

Explanation:

In the given scenario we will be analysing the cost of production versus the revenue earned by Patrick. The difference between the two will give our profit

Total number of bottles produced a year = 10 * 12 = 120 bottles

Cost of production = Advertising + manufacturing cost

Cost of production = 100 + (120 * 5) = $700

Revenue = 120 * 12 = $1,440

Profit = 1,440 - 700 = $740

Which two security regulations does the pci enforce with regard to electronic banking?
Choices
A. Banks must maintain a secure network
B. Banks must allow customers to chose the level of security they want
C. Banks must compensate customers for money lost due to stolen cards
D. Banks must have information security policy

Answers

Answer:

A. Banks must maintain a secure network D. Banks must have information security policy

Explanation:

The Payment Card Industry Data Security Standards (PCI DSS) are there to make sure that companies dealing with payment cards for customers protect these customers by having a secure payment environment to prevent customer money being at risk.

First and foremost the companies should have a secure network for processing card payments and data which means no expense should be spared in maintaining this. Companies must also have an information security policy that employees must follow when dealing with customer information.

A manufacturer of cast iron skillets wants to place its skillets for sale in a major retail store. Which of the following would be a negotiable item?
A. Prices and pricing allowances for volume purchases
B. Inventory levels the retail store should maintain
C. Retail pricing points
D. Location of shelf positioning
E. All of the above

Answers

The negotiable item in this scenario would be the retail pricing points. While the manufacturer may have a set price for their cast iron skillets, they may need to negotiate with the major retail store to ensure that the pricing is competitive and will attract customers. The answer is C.

This negotiation could involve discussing the profit margin for both the manufacturer and the retail store, as well as considering the pricing of similar products in the market.

However, it's important to note that other factors such as quantity of products, placement within the store, and marketing efforts could also be negotiable items that could impact the success of the product in the retail store.

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What are policy lags? How does fiscal policy lags compare with monetary policy monetary policy lags? Use the issues surrounding the passage of the E-levy Bill and its implementation and performance in Ghana to illustrate the duration of fiscal Policy lags. QUESTION THREE Consider an economy with the following aggregate production function: Capital grows through investment but Capital grows through investment but also decays due to wear and tear at a constant rate δ per period. Assume that A is growing at the exogenous rate g, that L is growing at the exogenous rate n, and that households save a constant proportion s of their income. a. Find the steady state level of the capital per effective worker (k

), output per effective worker (y

) and consumption per effective worker (c

) - in terms of the parameters of the model. b. Find the golden rule value of k(k
∗∗
) that maximizes consumption? c. Given a depreciation rate of 8%, population growth rate of 1.5%, technological progress of 1.3% and a saving rate of 30%, calculate: i. The steady state levels of k,y and c. ii. The golden rule levels of k,y and c. d. To move to the golden rule level of capital per effective worker, how should the saving rate be changed? Explain. e. Calculate the saving rate needed to reach the golden rule level of capital per effective worker. QUESTION FOUR a) Use IS-LM diagrams and economic intuition to explain why fiscal policy becomes most effective when the LM curve is horizontal. b) Use the limiting value of the fiscal multiplier to support your answer in part (a) above. QUESTION FIVE Making relevant assumptions and with the help of IS-LM diagram, explain why monetary policy is ineffective under a fixed exchange rate regime. Does monetary policy effectiveness improve under a flexible exchange rate regime? Explain.

Answers

It's important to note that the effectiveness of both fiscal and monetary policy measures can vary depending on the specific circumstances and the state of the economy.

Policy lags refer to the time it takes for the effects of a policy to be fully realized in the economy. In the context of fiscal policy, policy lags refer to the time it takes for changes in government spending or taxation to have their full impact on the economy. On the other hand, monetary policy lags refer to the time it takes for changes in interest rates or money supply to affect the economy.

To compare fiscal policy lags with monetary policy lags, let's consider the issues surrounding the passage of the E-levy Bill and its implementation and performance in Ghana. The E-levy Bill is a fiscal policy measure that aims to generate revenue for the government through a tax on electronic transactions.

In terms of fiscal policy lags, the duration can vary depending on various factors such as the legislative process, administrative capacity, and implementation challenges. In the case of the E-levy Bill in Ghana, the duration of fiscal policy lags can be seen in the time it takes for the bill to be passed by the parliament, implemented by the tax authorities, and for the revenue to be collected and utilized by the government.

For example, let's say it takes several months for the E-levy Bill to be debated, amended, and eventually passed by the parliament. After the bill is passed, it may take additional time for the tax authorities to establish the necessary systems and infrastructure to collect the levy effectively. Once the levy is implemented, it will take time for businesses and individuals to adjust their behavior and comply with the new tax regulations.

During this entire process, the full impact of the fiscal policy measure on the economy may not be immediately realized. It may take months or even years for the revenue from the E-levy to be collected and utilized by the government, and for any intended effects on the economy, such as increased government spending or reduced budget deficit, to materialize.

In comparison, monetary policy lags, such as changes in interest rates or money supply, tend to have a more immediate effect on the economy. Central banks can adjust interest rates relatively quickly, and changes in interest rates can affect borrowing costs, investment decisions, and consumption patterns. Similarly, changes in the money supply can impact liquidity and spending in the economy.

However, it's important to note that the effectiveness of both fiscal and monetary policy measures can vary depending on the specific circumstances and the state of the economy. Additionally, the transmission mechanisms through which policy changes affect the economy can also influence the duration of policy lags.

Overall, fiscal policy lags tend to be longer due to the legislative process, administrative procedures, and implementation challenges. Monetary policy lags, on the other hand, tend to have a more immediate impact on the economy. Understanding these lags is crucial for policymakers to assess the timing and effectiveness of their policy measures.

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which phase of a process that involves asking parents to identify goals they have for collaborative relationships and activities that may be used productively to accomplish these goals helps to answer questions such as these: are we following through with our plan? is our plan doing a good job of addressing our needs?

Answers

One approach that uses the student's dominant language along with English for educational purposes is bilingual education.

Cooperative learning Activities that require students to work together to solve a problem or achieve a goal. Positive Interdependence, Positive Interaction, Individual and Group Responsibility, Interpersonal Skills, Group Processing,Student Team Achievement Division Puzzle. Communicative Language Teaching (CLT) or the Communicative Approach (CA).The five basic elements required in any cooperative learning lesson are positive interdependence,individual responsibility, fostering interaction,social skills, and group processing. study objective.Communicative language teaching approach.The main goal of this approach is to focus on teaching communicative functions rather than forms learners must be able to convey their meaning clearly and must be able to function in the target language.

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3) What is the present value of $1000, received at the end of 4 years of investment, with a discount rate of 4%?

3) What is the present value of $1000, received at the end of 4 years of investment, with a discount

Answers

Answer:

$854.81

Explanation:

The formula for calculating the present value is as below

PV = FV/( 1 + r)^n

Where Fv =1000

r = 4% or 0.04

n= 6

PV = $1000/ (1 + 4/100)^4

PV=$1000/(1 + 0.04)^4

PV=$1000/1.16985

PV =$854.81

.

Answer:

3629.9

Explanation:

I just did the test and thats what it told me the correct answer was.

Dropbox's organizational structure includes marketing, legal, product, customer success, and human resources departments. This structure is appropriate because It ensures that decision making is centralized Dropbox offers only one product line: doud storage and related services Dropbox services customers around the world It ensures the structure can meet the needs of the organization as it grows

Answers

Dropbox's organizational structure is appropriate for the type of business it runs. Its organizational structure includes five main departments: marketing, legal, product, customer success, and human resources. This structure allows Dropbox to make decisions quickly and efficiently, as all departments are linked together and communication is facilitated.

Dropbox also only offers one product line: cloud storage and related services. Having a single product line helps streamline the decision-making process and ensures the organization is focused on its core business. This structure also allows the organization to respond quickly to customer needs, as the customer success team can effectively relay customer feedback to the product team.

Another benefit of Dropbox's organizational structure is that it can easily scale to meet the needs of the organization as it grows. As new customers come on board and customer needs become more complex, the organization can easily add new departments or expand existing ones to meet the changing needs. This structure also allows the organization to easily expand into new markets and regions, as the legal and marketing departments can coordinate the necessary steps.

Overall, Dropbox's organizational structure is well-suited to the company's business model and goals. It ensures decision-making is centralized and streamlined, only offers one product line, and can easily scale to meet the needs of the organization as it grows.

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Which of the following choices incur speculative risk?

a.stocks

b.fire insurance on a house

c.options

d.life insurance


e.high interest savings account

Answers

Answer: correct option is A.

Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.

Stocks incur speculative risk. Therefore option A is correct.

What are Stocks?

A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.

Common stock and preferred stock are the two primary categories of stocks.

Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.

Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.

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why price and demand are inversely related: the law of demand states that as a product's price rises, its quantity demanded falls. to maximize their purchasing power, consumers want to buy more at lower prices and less at higher prices.

Answers

Price and demand are inversely related because of the fundamental economic principle known as the law of demand. The law of demand states that as the price of a product or service increases, the quantity of that product or service demanded by consumers decreases, and vice versa.

This happens because consumers have a limited amount of income to spend on goods and services. When the price of a product or service goes up, it becomes more expensive, and therefore, consumers can afford to buy less of it. On the other hand, when the price of a product or service goes down, it becomes more affordable, and consumers can afford to buy more of it.

To maximize their purchasing power, consumers want to buy more at lower prices and less at higher prices. This is because they can get more value for their money when prices are lower. As a result, businesses try to price their products and services in a way that maximizes demand while still allowing them to make a profit.

Overall, the inverse relationship between price and demand is a fundamental concept in economics, and understanding this relationship is crucial for both businesses and consumers.

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when carter, incorporated, sells 48,000 units, its total variable cost is $115,200. what is its total variable cost when it sells 54,000 units? multiple choice $100,800 $115,200 $129,600 $134,800

Answers

When carter, incorporated, sells 48,000 units, its total variable cost is $115,200. (c) $129,600 is its total variable cost when it sells 54,000 units.

How to calculate total variable cost?

The idea of variable cost per unit must be used. By dividing the total variable cost by the quantity of units, we can determine the variable cost per unit:

Total variable cost / Number of units equals variable cost per unit.

In this instance, we know that the entire variable cost for Carter, Incorporated is $115,200 when it sells 48,000 units. As a result, we can get the variable cost per unit using the formula below:

$48,000 divided by $115,200 equals $2.40 per unit for the variable cost per unit.

When Carter, Inc. sells 54,000 units, we can utilize this variable cost per unit to determine the overall variable cost as follows:

Total variable cost is calculated as Variable Cost Per Unit x Units.

$54,000 in total variable cost divided by $2.40 per unit results in $129,600.

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4. Use the Internet to find an online job posting. Try searching a site like careerbuilder.com or monster.com. Then complete the items below. a. List the link to the posting. (1.0 point) b. List at least two requirements of the job. Complete sentences are not necessary. (2.0 points) c. List at least three tasks that are a part of the job. Complete sentences are not necessary. (3.0 points) d. Write 1-2 sentences explaining why or why not this job would be a good fit for you (2.0 points)

Answers

Answer and Explanation:

Hello. Brainly does not allow links to be placed in responses, which makes it impossible for me to answer your first question. However, you can find this job vacancy in the careerbuilder when searching for Internet / BDC Director.

Two requirements that this job vacancy requires of possible candidates are: Knowledge of management of social networks and experiences with online sales.

The individual who is interested in this job vacancy, if hired, will have to carry out online and face-to-face sales, perform administrative functions and perform customer service whenever necessary.

This job is not a good option for me, because I have no experience in sales, but this is a very promising job vacancy, with a fair salary and benefits, I believe that if I had the requirements, I would do very well in this type of job.

Answer:

1. https://www.careerbuilder.com/job/J337WK6Y75401Z09WZ9

2. · Ideal to have 1 year experience as a pharmacy technician coordinating activities in an administrative support function.

· Must have valid Pharmacy Technician License

3. Working with patients to explain and educate on medical questions

· Tracking and logging vaccination details into EMR (electronic medical records system)

· Assisting Pharmacist as needed

4. This job would be a good fit for me, because I am compassionate, patient, and pay attention to detail. My mathematical skills are excellent, and like working with a team of health care professionals.

Explanation:

Match the steps that marketing management performs to the scenarios that describe the steps

Answers

The steps that marketing management performs to the scenarios that describe the steps include the "Discovery Step --- Marketing management team are performing detailed research for the best target market for their products or services."

The other steps that marketing management performs to the scenarios that describe the steps include the following:

Strategy step -- the marketing management team determines the proper marketing channels for their product or services. Then, they formulate the messaging and finally plan the timing.

Implementation step -- the marketing management team decides when and where to execute their targeted, cost-effective marketing campaigns and put them into action.

Measurement step -- the marketing management team assesses the marketing campaign results to know the right methods or techniques before continuing with the marketing campaign.

Hence, in this case, it is concluded that the Marketing management team plays a vital role in the product life cycle.

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true/False? an evaluation model is a technique that uses a common yardstick to measure and compare vendor ratings.

Answers

True. An evaluation model is a technique that uses a common yardstick to measure and compare vendor ratings. For example, a vendor might be evaluated according to factors such as cost, quality, timeliness, and customer service.


An evaluation model is a tool or framework that is used to assess or measure the effectiveness, efficiency, or success of a program, project, process, product, or service. Evaluation models are designed to provide objective and reliable information that can be used to inform decision-making, improve performance, and optimize outcomes.

There are different types of evaluation models, and they can vary depending on the nature of the subject being evaluated and the purpose of the evaluation. Some of the commonly used evaluation models include outcome-based evaluation, process evaluation, cost-benefit analysis, logic models and quality assurance models.

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Linds turned 22 today, and being a sharp cookie, she is planning to save $338.45 per month for retirement, with the first deposit to be made one month from today. She will invest in a mutual fund that's expected to provide a return of 8% per year. She plans to retire 40 years from today, when she turns 62, and she expects to live for 35 years after retirement, to age 97. Under these assumptions, how much can she spend each month after she retires, if during retirement her investment rate drops to 5%? Her first withdrawal will be made at the end of her first month of retirement.

Answers

To calculate how much Linds can spend each month after she retires, we can use the concept of a present value annuity formula.

Let's break down the information provided:

- Linds plans to save $338.45 per month for retirement, starting one month from today.

- She will invest in a mutual fund with an expected return of 8% per year until she retires.

- She plans to retire 40 years from today when she turns 62.

- Linds expects to live for 35 years after retirement until age 97.

- During retirement, her investment rate will drop to 5% per year.

- Her first withdrawal will be made at the end of her first month of retirement.

Using the present value annuity formula, we can calculate the retirement savings needed to support Linds' retirement spending:

\(\[PV = \frac{PMT \times (1 - (1 + r)^{-n})}{r}\]\)

Where:

PV = Present Value (retirement savings needed)

PMT = Monthly savings amount

r = Interest rate per compounding period (annual rate divided by the number of compounding periods per year)

n = Total number of compounding periods

In this case, we'll calculate the present value of Linds' retirement savings needed at the beginning of her retirement.

1. Calculate the total number of compounding periods:

  - Number of years until retirement = 40

  - Number of compounding periods per year = 12 (monthly deposits)

  - Total number of compounding periods = Number of years until retirement * Number of compounding periods per year

\(\[n = 40 \times 12 = 480\]\)

2. Calculate the present value of retirement savings needed:

  - Monthly savings amount (PMT) = $338.45

  - Interest rate during accumulation (r) = 8% per year = 0.08/12 per month

  - Interest rate during retirement \((r_retirement)\) = 5% per year = 0.05/12 per month

\(\[PV = \frac{338.45 \times (1 - (1 + 0.08/12)^{-480})}{0.08/12}\]\)

3. Calculate the monthly withdrawal amount during retirement:

  - Number of years in retirement = 35

  - Number of compounding periods per year (retirement) = 12 (monthly withdrawals)

  - Total number of compounding periods (retirement) = Number of years in retirement * Number of compounding periods per year (retirement)

\(\[n_retirement = 35 \times 12 = 420\]\)

  - Present value of retirement savings needed (PV) = calculated in step 2

  - Interest rate during retirement \((r_retirement)\) = 5% per year = 0.05/12 per month

\(\[Monthly\ withdrawal\ amount\) = \(\frac{PV \times r_retirement}{1 - (1 + r_retirement)^{-n_retirement}}\]\)

Now, let's calculate the values:

\(\[n = 480\]\)

\(\[PV = \frac{338.45 \times (1 - (1 + 0.08/12)^{-480})}{0.08/12}\]\)

\(\[n_{retirement} = 35 \times 12 = 420\]\)

Monthly withdrawal amount\(= \frac{PV \times 0.05/12}{1 - (1 + 0.05/12)^{-420}}\]\)

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2. What type of photographer is generally defined by the fact that they are hired on a per-project basis and not formally attached to any one employer or field

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The practice of providing photographs on a contract basis for various clients or as a self-employed photographer is known as freelance photography.

How much education is required?

The majority of freelance photographers have a degree in photography, despite the fact that no formal training is required. A portfolio of high-quality work is more important than academic credentials when selecting clients. As apprentices for seasoned photographers, some gain knowledge of the creative as well as the technical aspects of the industry.

What exactly are duties?establishing a time and location for a photoshoot through communication with customers.managing and taking care of photography gear.modifying images.sending pictures to the right people.managing sessions for photography.

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Freelance photographers are generally defined as employed on a project basis and not formally associated with an employer or sector.

What are types of photographers?

Travel photographer. Newspaper photographer. Paparazzi photographer. Macro photographer. Micro photographer.

What is a commercial photographer?

A commercial photographer is someone who takes images that help clients sell their products and services. You can work alone or as part of a team. Working alone, they are often tasked with creating concepts that help bring their clients' visions to life.

What is non-commercial photography?

Non-commercial photography includes staged engagement and wedding photos (if the wedding is offsite), family portraits, graduation and class photos, student projects, and more.

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With a voluntary export restraint (VER), the economic rent created by the quantitative limit on trade is collected by: The government of the importing county. O Consumers in the importing country. Producers in the importing country. Exporting firms in the exporting country.

Answers

The economic rent created by the quantitative limit on trade in a voluntary export restraint (VER) is collected by the exporting firms in the exporting country.

In the case of a voluntary export restraint (VER), the economic rent created by the quantitative limit on trade is typically collected by the exporting firms in the exporting country.

A voluntary export restraint is a trade policy measure in which the exporting country voluntarily agrees to limit the quantity of its exports to the importing country. This is often done at the request or pressure of the importing country to protect its domestic industries from foreign competition.

By restricting the quantity of exports, the exporting firms can benefit from higher prices and increased market power in the importing country. The economic rent refers to the additional profit or surplus earned by the exporting firms due to the trade restriction.

The government of the importing country does not directly collect the economic rent in this case. Consumers in the importing country may face higher prices and reduced choices due to the restriction, so they generally do not benefit from the economic rent. Producers in the importing country may also face less competition and potentially benefit from increased prices, but they are not the primary recipients of the economic rent.

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1. Assume that a piece of property is purchased for $75, 000. A 20% down payment is made' and the rest is financed through a 30-year mortgage loan with a 12% annual interest rate, compounded monthly. The loan will be repaid in equal monthly payments. Calculate the monthly payments.

Answers

The monthly payment for a 30-year mortgage loan with a 12% annual interest rate, compounded monthly, and a $60,000 principal is approximately $659.96.

To calculate the monthly payments, we need to use the formula for a fixed monthly payment on a mortgage loan:

M = P * r * (1 + r)^n / ((1 + r)^n - 1)

Where:

M = Monthly payment

P = Loan principal (purchase price minus down payment)

r = Monthly interest rate (annual interest rate divided by 12 and expressed as a decimal)

n = Total number of monthly payments (number of years multiplied by 12)

Purchase price = $75,000

Down payment = 20% of purchase price = $75,000 * 0.20 = $15,000

Loan principal = Purchase price - Down payment = $75,000 - $15,000 = $60,000

Annual interest rate = 12%

Number of years = 30

First, let's calculate the monthly interest rate:

Monthly interest rate = Annual interest rate / 12 = 0.12 / 12 = 0.01

Next, let's calculate the total number of monthly payments:

Number of monthly payments = Number of years * 12 = 30 * 12 = 360

Now, we can calculate the monthly payment using the formula:

M = $60,000 * 0.01 * (1 + 0.01)^360 / ((1 + 0.01)^360 - 1)

After performing the calculation, the monthly payment is approximately $659.96.

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What is the purchasing of goods and services to meet the needs of the supply chain?.

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The purchasing of goods and services to meet the needs of the supply chain. The procurement process is a key supply chain strategy because the capability to purchase input materials at the right price is directly correlated to the company's ability to operate.

Company guidelines and frequently centralized controls from the accounts payable (AP) division of accounting will govern the purchase process. The preparation and processing of a demand as well as the final receipt and approval of payment are all included in the procurement process.

This can encompass a wide range of activities, including supplier research and selection, standard setting, price negotiating, and inventory control. As a result, for successful procurement, many major firms may need assistance from a few different corporate departments.

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10,000 kcal of producer could support approximately _____ kcal of tertiary consumer.

Answers

Answer:

The answer is 10.

Explanation:

10,000 kcal of producer could support approximately 10 kcal of tertiary consumer.

1. Juan i enrolled in marketing education coure and i 17 year old. Juan ha been hired by an electrical contractor. Juan i hoping to ue thi job a a cooperative work ite placement. You are told that Juan’ job i to pull electrical component out of inventory and drive them to the job ite

Answers

Juan is a 17-year-old enrolled in marketing education courses who has been hired by an electrical contractor as an inventory component puller and delivery driver for job sites.

Juan's job as an inventory component puller and delivery driver for an electrical contractor involves taking electrical components out of the company's inventory and driving them to job sites. This job is a cooperative work site placement for Juan, who is pursuing a marketing education and is hoping to use this experience to further his career.

The job requires Juan to be responsible for ensuring that the components are properly pulled and loaded onto the vehicle, and that they are delivered to the job site in a timely and efficient manner. This position will give Juan valuable hands-on experience in the electrical contractor industry, as well as the opportunity to apply the marketing education he is currently studying.

This question should be written as:

Juan is enrolled in marketing education courses and is 17 years old. Juan has been hired by an electrical contractor. Juan is hoping to use this job as a cooperative work site placement. You are told that Juan’s job is to pull electrical components out of inventory and drive them to the job site.

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Dotty's is a high fashion boutique, owned by entrepreneur Daisy Smith. The
business has been open a year, and specialises in designer outfits for women.
Daisy made the decision to set up the business after working in a high street
chain for five years.
Which of the following does NOT analyse how entrepreneurial skills will enable
Daisy's business to be more financially successful?​

Dotty's is a high fashion boutique, owned by entrepreneur Daisy Smith. Thebusiness has been open a year,

Answers

Answer: By being organized, Daisy will be abke to ensure that her business runs more smoothly and that she has stock in the shop when is is needed and the suppliers are paid on time. This could lower the levels of stress experienced by Daisy and lead to her enjoying a better work life balance.

Explanation:

The option that doesn't analyse how entrepreneurial skills will enable

Daisy's business to be more financially successful is that "By being organized, Daisy will be abke to ensure that her business runs more smoothly and that she has stock in the shop when is is needed and the suppliers are paid on time. This could lower the levels of stress experienced by Daisy and lead to her enjoying a better work life balance".

We should note that while other options shows that there will be an increase in customer, increase in sales and lead her to be more financially successful, this particular option only relates to her work-life balance and not have an impact on her financial stability.

a investment banking firm found that an analytical skills selection test it had been using to hire financial associates actually helped the firm to obtain more major clients and to increase the revenue and profitability of the firm. this is an example of a selection test that possesses?

Answers

Utility An investment banking company discovered that the analytical skills selection procedure it had used to hire financial associate had really assisted the company in attracting more important clients, growing revenue, and improving profitability.

What does utility look like in the corporate world?

For instance, a business that gives a two distribution guarantee can highlight this feature of their operations to encourage time utility in their clients. Because they are aware that they can get a product within 2 days if they desire one, customers can enjoy this time convenience and link the business with quick service.

What does the financial term utility mean?

Utility in economics refers to the degrees of satisfaction that customers have after purchasing and using a good or service. According to utility function, people place their purchasing choices on how satisfied they are with a good or service.

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The purpose of an electric spreadsheet is to and data in an concise manner

Answers

Answer:

A spreadsheet is a computer application for organization, analysis and storage of data in tabular form. Spreadsheets were developed as computerized analogs of paper accounting worksheets. The program operates on data entered in cells of a table.

FastTrack​ Bikes, Inc. is thinking of developing a new composite road bike. Development will take six years and the cost is $200,000 per year. Once in​ production, the bike is expected to make $300,000 per year for 10 years. The cash inflows begin at the end of year 7. Assume the cost of capital is 10.0% for parts​ (a), (b), and​ (c) below.

a. Calculate the NPV of this investment opportunity. Should the company make the​ investment?

b. Calculate the IRR and use it to determine the maximum deviation allowable in the cost of capital estimate to leave the decision unchanged.

c. With costs remaining at $200,000 per​ year, how long must development last to change the​ decision? Assume the cost of capital is 14.0% for parts​ (d), (e), and​ (f) below.

d. Calculate the NPV of this investment opportunity. Should the company make the​ investment?

e. How much must this cost of capital estimate deviate to change the​ decision?

f. With costs remaining at $200,000 per​ year, how long must development last to change the​ decision?

Answers

The project will be accepted if the development lasts for at least 8 years.

Calculation of NPV of this investment opportunity:

First, we have to calculate the present value of the expected cash inflows which is the annuity due, that is, cash inflows begin at the end of year 7.

PV = $1,327,303.91

Then, we have to calculate the present value of expected cash outflows.

PV = $200,000 (PV of annuity for 6 years) + $63,096.46 (PV of $200,000 at 10% for 6 years) = $1,395,498.55

Now, calculate the NPV of the project = PV of inflows - PV of outflows

NPV = $1,327,303.91 - $1,395,498.55

NPV = -$68,194.64

Since the NPV is negative, the company should not make the investment.

Calculation of IRR and the maximum deviation allowable in the cost of capital estimate to leave the decision unchanged.

Calculation of IRR:

To calculate the IRR, we have to use the IRR function in Excel=IRR (values)

Values are the cash flows from the project.

Cash flow for year 6 = -$200,000

Cash flows for year 7 to year 16 = $300,000*10 = $3,000,000

IRR = 11.17%

The company should not make the investment if the cost of capital estimate deviates by more than 1.17%.

Calculation of the time duration for a change in decision with the cost of capital at 14%.

We have to calculate the PV of inflows first which is the annuity due for 10 years starting at the end of year 6.

PV = $3,213,424.52

Then, we have to calculate the present value of expected cash outflows.

PV = $200,000 (PV of annuity for 6 years) + $87,778.74 (PV of $200,000 at 14% for 6 years) = $1,423,534.37

Now, calculate the NPV of the project = PV of inflows - PV of outflows

NPV = $3,213,424.52 - $1,423,534.37

NPV = $1,789,890.15

The company should make the investment.

Calculation of the NPV of this investment opportunity:

First, we have to calculate the present value of the expected cash inflows which is the annuity due, that is, cash inflows begin at the end of year 7.

PV = $845,497.34

Then, we have to calculate the present value of expected cash outflows.

PV = $200,000 (PV of annuity for 6 years) + $40,307.01 (PV of $200,000 at 14% for 6 years) = $1,255,628.54

Now, calculate the NPV of the project = PV of inflows - PV of outflows

NPV = $845,497.34 - $1,255,628.54

NPV = -$410,131.2

Since the NPV is negative, the company should not make the investment.

Calculation of the deviation in cost of capital estimate to change the decision:

Calculate the IRR for the project.

Cash flow for year 6 = -$200,000

Cash flows for year 7 to year 16 = $300,000*10 = $3,000,000IRR = 13.23%

The cost of capital estimate can deviate by a maximum of 3.23% for the company to remain indifferent between investing or not.

Calculation of the time duration for a change in decision with the cost of capital at 14%.

We have to calculate the PV of inflows first which is the annuity due for 10 years starting at the end of year 6.

PV = $2,166,408.67

Then, we have to calculate the present value of expected cash outflows.

PV = $200,000 (PV of annuity for x years) + $56,097.95 (PV of $200,000 at 14% for x years) = $1,855,679.39

Now, calculate the NPV of the project = PV of inflows - PV of outflows

NPV = $2,166,408.67 - $1,855,679.39

NPV = $310,729.28

The project will be accepted if the development lasts for at least 8 years.

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You work for an investment bank that is marketing a new credit card. As part of your company's marketing strategy, you come up with an animated penguin who is associated with your services, and your company comes up with the slogan, "Shopping with kings." Your ad campaign is viewed by millions around the country through television commercials, online ads, direct mail, and celebrity sponsors. W​hich of the following would be considered feedback?

a. c​ustomers apply for your bank’s credit card
b. c​ollege-aged students appreciate the slogan
c. Y​our target market likes the animated penguin
d. y​oung adults see the ad on a bus and call to ask questions
e. t​he media through which potential customers view the ads

Answers

Answer:

Option D

Explanation:

Feedback is the information about reactions to a product, a person's performance of a task, etc. which is used as a basis for improvement.

When the company ran a campaign of marketing credit cards the young adults saw the ad and called to ask questions therefore the campaign was successful.  Option D matches perfectly in this scenario.  

Answer ASAP
An entrepreneur wants to start a bakery. He wants to make a sales forecast for his first six months in business, so he obtains the sales records for all the successful bakeries in his state and uses the monthly average for his forecast. What mistake is he making in this process? A. It is impossible to make an accurate sales forecast for a new business, and attempting to do so will only set him up for failure and disappointment. B. He should not use data from bakeries in his own state, as it is unlikely that they will report accurate estimates to their potential competitor C. He should be looking at sales records for all the successful bakeries in the country, not just in his state. D. It is not likely that he will be able to match the sales volume of successful, established bakeries in his first six months.​

Answers

The Mistake is he making in this process it is not likely that he will be able to match the sales volume of successful, established bakeries in his first six months.​ The correct option is D.

What is the importance of sales forecasting?

A precise sales forecast enables businesses to efficiently allocate resources for future growth while also managing cash flow. Forecasting sales help create benchmarks for future trends and allow executives to make early course corrections. Revenue executives can optimize for more wins by aligning sales quotas with revenue goals.

Make a list of the products and services you offer. Estimate how much of each you anticipate selling. Define the unit price or monetary worth of each sold good or service. Divide the number of units sold by the price. Determine the cost of producing and selling each commodity or service.

Thus, the ideal selection is option D.

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Answer:

option d

Explanation:

it is not likely that he will be able to match the sales volume of successful, established bakeries in his first six months

Responsive supply chains are a good fit for innovative products because:a. The supply chain focus is then purely on costb. The focus is purely on speed of fulfillmentc. The focus is to quickly understand what the customer wants and deliver those needsd. Innovative products actually require a focus on efficiency over responsivenesse. Production is done in bulk efficiently

Answers

Responsive supply chains are a good fit for innovative products because the focus is to quickly understand what the customer wants and deliver those needs. This approach allows companies to adapt rapidly to changes in demand and preferences, ensuring that the supply chain remains aligned with market requirements. In contrast to a purely cost or speed-focused approach, responsiveness allows for greater flexibility and agility in the supply chain, which is essential when dealing with innovative products that may have unpredictable demand patterns or require frequent updates.

By prioritizing responsiveness, companies can ensure that their supply chains are well-equipped to handle the unique challenges presented by innovative products, such as rapidly evolving technologies, fluctuating demand, and shifting consumer preferences. This focus on responsiveness enables businesses to stay ahead of the competition, respond effectively to market changes, and better meet the needs of their customers. Additionally, it allows for better risk management and improved overall supply chain performance. While efficiency is still important, responsiveness is crucial for the success of innovative products in the market.

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