Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 20Y7:
Cash $92,000
Retained Earnings $381,000
Accounts Receivable 450,000
Dividends 300,000
Inventory 370,000
Sales 8,925,000
Estimated Returns Inventory 5,000
Cost of Goods Sold 5,620,000
Office Supplies 10,000
Sales Salaries Expense 850,000
Prepaid Insurance 12,000
Advertising Expense 420,000
Office Equipment 220,000
Depreciation Expense—Store Equipment 33,000
Accumulated Depreciation—Office Equipment 58,000
Miscellaneous Selling Expense 18,000
Store Equipment 650,000
Office Salaries Expense 540,000
Accumulated Depreciation—Store Equipment 87,500
Rent Expense 48,000
Accounts Payable 38,500
Insurance Expense 24,000
Customers Refunds Payable 10,000
Depreciation Expense—Office Equipment 10,000
Salaries Payable 4,000
Office Supplies Expense 4,000
Note Payable (final payment due 2034) 140,000
Miscellaneous Administrative Exp. 6,000
Common Stock 50,000
Interest Expense 12,000
Required:
a. Prepare a multiple-step income statement.
b. Prepare a retained earnings statement.
Answers
Answer:
Net Profit 1345,000
Retained Earnings $ 1426,000
Explanation:
The multi step income statement shows the sections of the income statement separately such as the operating expenses and non operating expenses .
Kanpur Co.
Multi step Income Statement
For year ended June 30, 20Y7:
Sales 8,925,000
Cost of Goods Sold 5,620,000
Estimated Returns Inventory (5,000)
Adjusted Cost OF Goods Sold 5,615,000
Gross Profit $ 3310,000
Less Operating Expenses
Rent Expense 48,000
Selling And Administrative Expenses
Office Supplies Expense 4,000
Sales Salaries Expense 850,000
Miscellaneous Selling Expense 18,000
Depreciation Expense—Store Equipment 33,000
Office Salaries Expense 540,000
Depreciation Expense—Office Equipment 10,000
Advertising Expense 420,000
Miscellaneous Administrative Exp. 6,000
Total Operating Expenses 1881,000
Operating Income 1381,000
Other Expense
Insurance Expense 24,000
Interest Expense 12,000
Total Non Operating Expenses 36,000
Net Profit 1345,000
Kanpur Co.
Statement of Retained Earnings
For year ended June 30, 20Y7:
Retained Earnings $381,000
Add Net Profits 1345,000
Less Dividends 300,000
Retained Earnings For year ended June 30, 20Y7 $ 1426,000
Related Questions
The following graph shows the daily market for jeans. Suppose the government institutes a tax of $40.60 per pair. This places a wedge between the
price buyers pay and the price sellers receive.
Fill in the following table with the quantity sold, the price buyers pay, and price sellers receieve before and after the tax.
Answers
The filled table, showing the quantity sold, the buyers' price, and the price sellers receive before and after the imposition of a tax of $40.60 per pair of jeans, is as follows:
Quantity Price Buyers Pay Price Sellers Receive
Before-tax 500 $100.00 $100
After-tax 430 $105.60 $65 ($105.60 - $40.60)
Tax burden 70 $5.60 $35
($105.60 - $100) ($100 - $65)
What is a tax wedge?The tax wedge is a measure of the difference between before-tax and after-tax prices that buyers and sellers pay and receive, respectively.
The tax wedge or burden shows the amount ($40.60 per pair) that the government which institutes the tax receives.
Question Completion:Table showing the variables to fill:
Quantity Price Buyers Pay Price Sellers Receive
Before-tax 500 $ $
After-tax 430 $ $
Tax burden $ $
See attached graph for details.
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The graph illustrates that the quantity and the price before tax are 50 and $100 respectively.
How does the graph illustrate the price?From the complete question, in the graph, it can be noted that the quantity and the price before tax are 50 and $100 respectively.
Also, the quantity and the price after tax are 45 and $105.60 respectively. the increase in the tax brought about the reduction in the quantity demanded.
Lastly, the tax burden on the buyers will be:
= $105.60 - $100
= $5.60
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State and EXPLAIN three methods of paying workers
Answers
Answer:
three methods employers use to pay the employees are salary, commission, and hourly wage.
Explanation:
salary is a fixed amount that you get for working per month
commmission is getting a percentage of the total that you sell
hourly wage is getting paid for each hour that you work
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March/2023/1 Receive a cheque from Guria Ltd K700.
requirement do double entry
Answers
Assuming Cheque received from a customer
1-Mar-2023
DR Bank
CR Accounts Receivable (Guria Ltd K700)
(Recoded receipt of cheque from customer)
What is Double Entry?Double entry is the initial entry that is recorded to record the daily transactions of a company, these transacttions are accumulated at the end of a month or a period and are converted into a trial balance, this trial balance eventually help in the preparation of an Income statement and Balance Sheet.
The cheque is received from Guria Ltd that needs to be deposited into bank and the above entry is to be recorded.
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Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
Answers
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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Step One: You have graduated from college and have established a career. You have been working with the same company for three years. You have saved up $10,000 and need to decide how you will save and invest this money. Your goal is to save as much money in five years as you can for a down payment on a house. Using the principles and strategies of saving and investing, create a saving and investing plan. Remember, a saving and investing plan is an outline or list that names the types of savings or investments you will use. The outline also shows the amount or percentage you will put into each savings account or investment. For this project, evaluate and select at least three investments or savings accounts. Upload the document. Step Two: Select specific accounts and investments. For example, if your outline includes investing $1,000 in stock, research and select a stock. Create a portfolio with a spreadsheet or word processor. See the example below:
Answers
Answer12
Explanation: so it is 6+6+22=2
One payroll engagement objective is to determine whether segregation of duties is proper. Which of the following activities is incompatible?
a. Preparing attendance data and preparing the payroll.
b.Hiring employees and authorizing changes in pay rates.
c. Preparing the payroll and filing payroll tax forms.
d. Signing and distributing payroll checks.
Answers
Preparing attendance data and preparing the payroll. so the option A is the correct answer of the given question.
A payroll is a list of the employees of an organisation who are entitled to compensation and other benefits, together with the amounts that each employee is expected to receive. Payroll can refer to the department inside the business that deals with compensation, or it can refer to the records of earlier payments to workers, such as salaries and wages, bonuses, and taxes deducted, as well as the amounts that each employee should get for time spent or tasks accomplished. Either all elements of the payroll process can be handled internally by the firm, or certain steps can be contracted out to a payroll processing company.
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-5/12 - (-9/3) how do i do this
Answers
Explanation:
\(-5/12 - (-9/3)\)
QUESTION ONE
ABC Ltd wishes to expand its business. On 31 Dec 2021, the company had
the following existing and proposed capital structures to support the
expansion programme.
1. The existing 8% debt capital has a book value of Ksh 50 000 000 and
matures in 10 years. The market value of debt at the close of business on
31 Dec 2021 was Ksh 40 000 000
2. A ten year loan of Ksh 300 000 000 is to be raised at an interest of 10
percent p.a. A cost of Ksh 20 000 000 will be incurred in raising this loan
3. A 12% preference stock capital stands in the books at Ksh 100 000 000
( 1 000 000 shares) and has a total market value of Ksh 150 000 000.
4. There are 40 000 000 ordinary shares with a current market price of Ksh
1500 each. The firm’s expected earnings per share (EPS) stand at Ksh
200, its growth rate is 6% and has a dividend payout of 60%.
5. The company plans to issue 10 000 000 ordinary shares at a market price
of Ksh 1 500 per share. The cost of floating the shares is estimated at Ksh
10 000 000.
Required:
i) Firm’s current weighted average cost of capital (10 marks)
ii) Firm’s expected weighted average cost of capital after the expansion
programme (i.e. marginal cost of capital) (5 marks)
QUESTION TWO
An investor intends to place Ksh 112,000,000 in the 91 days Treasury bill at a quoted rate/yield of 7.65%
p.a.
Required:
a) Compute the investor’s return, assuming that he is withholding tax-payer
b) Compute the investor’s return, assuming that he is non-withholding taxpayer (6 marks)
Answers
Answer:
rat
Explanation:
Why might a project manager avoid using technical language when giving a presentation to clients?
Answers
Answer:
Forget that you’re up there not to promote how wonderful you are, but to provide value to the audience.
Lose focus of what the audience needs from you. One way: Before you start talking, ask, “What do you hope to learn/achieve from this meeting?”
Fail to set objectives. Even if you don’t share them with participants, know what you want to achieve.
Proceed without a plan (also known as an agenda). Whatever you call it, it’s a map for how your session is going to go.
Wing it. Preparation is everything. Unless you’re an improv master, you have to figure out what you’re going to do, in what order and for how long. And almost everyone needs to practice.
Jump from point to point in a disorganized way. See #4 and #6.
Data mining would be most helpful to a manager that wants to
Answers
Data mining would be most helpful to a manager that wants to discover unexpected relationships among the data stored by his/her organization.
Businesses employ the technique of data mining to transform unstructured data into information that is useful. Organization may learn more about their consumers to create more profitable campaigns, boost sales, and save expenses by utilizing software to explore for patterns in massive quantities of data. The efficient gathering, storage, and processing of data are essential for data mining.
Based on user requests, data mining tools examine correlations and patterns in data. An organization may employ data mining software to produce information classifications, for instance. As an example, consider a restaurant that wishes to utilize data mining to figure out when to run specific specials. It examines the data it has gathered and establishes classifications according to the frequency of client visits and the items they purchase.
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The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?
Answers
An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.
The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.
An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.
The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.
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North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31.
Account Titles Debit Credit
Cash $ 11,200
Accounts Receivable 5,200
Prepaid Rent 2,240
Equipment 20,200
Accumulated Depreciation $ 1,180
Accounts Payable 1,180
Income Tax Payable 0
Common Stock 24,000
Retained Earnings 1,300
Sales Revenue 47,080
Salaries and Wages Expense 24,200
Utilities Expense 11,700
Rent Expense 0
Depreciation Expense 0
Income Tax Expense 0
Totals $ 74,740 $ 74,740
Other data not yet recorded at December 31:
1. Rent expired during the year, $1,120.
2. Depreciation expense for the year, $1,180.
3. Utilities used and unpaid, $8,200.
4. Income tax expense, $310.
Required:
Indicate the accounting equation effects of each required adjustment. (Enter all amounts as positive values.)
Answers
Answer and Explanation:
The accounting equation effects of each required adjustment is shown below:-
Transactions Assets
a. Prepaid rent - $1,280
b. Accumulated
depreciation - $1,180
c. NE
d. NE
Transactions = Liabilities + Stockholders' Equity
a. NE Rent expenses -$1,280
b. NE Depreciation expenses -$1,180
c. Accounts payable + $8,200 Utilities expenses -$8,200
d. Income tax payable + $310 Income tax expense -$310
Knowledge Check 01
A company uses a periodic inventory system. On April 1, the company had 9 items of beginning inventory with a cost of $13 per unit.
On April 18, the company purchased 15 units at $14 per unit. Then, on April 29, the company sold 14 units. Using weighted average, the
cost of the 14 units sold is closest to
Cost of the units sold
Answers
Utilizing a weighted average, the price for the 14 units sold is $190.88.
The closest comparison to the cost of the units sold is the cost of the 14 units sold.9 units at a cost of $13 each made up the company's initial inventory, which cost $117 when multiplied by the cost of each unit on April 1.
15 units were purchased on April 18 by the corporation for a total of $210, or 15 units multiplied by $14 per unit.
After the transaction, there were 9 + 15 = 24 total products in the inventory, costing a total of $327 ($117 + $210 + $210).
We divide the entire cost of the inventory by the total number of units to determine the weighted average cost per unit:-
24 units for $327 equals $13.625 each unit.
As a result, the 14 units that were sold on April 29 cost:
14 units at $13.625 each equals $190.875.
Thus, the price of the 14 units sold is most closely associated with $190.88.
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1) consider any leader you are aware of from study or the media. Do they confirm to the myths set out in the text or do they transcend that? 2) What is your personal leadership style? What benefits and problems does it generate for you and orgamization? 3) How important is integrity to a leader in your opinion? Give examples to support your views?
Answers
Based on the information given, a leader that I'm aware of is Mahatma Gandhi. He was an ambassador of non-violence.
A leadership style simply means providing direction, implementing plans and also motivating people. My personal leadership style is pacesetting and motivating others.
Integrity makes one secure and confident. Someone who has integrity is honest about his or her morals and values. Therefore, such a person can be trusted.
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Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Peyton is to receive $1,763,800 in cash. The purchaser is to assume Peyton's mortgage of $1,058,280 on the property. To enable the purchaser to obtain adequate financing, Peyton is to pay the $105,828 in points charged by the lender. The broker's commission on the sale is $70,552. What is Peyton's amount realized? The amount realized by Peyton is $ .
Answers
Answer:
$2,645,700
Explanation:
realized amount = cash received + assumed mortgage - points paid by seller - broker's commission = $1,763,800 + $1,058,280 - $105,828 - $70,552 = $2,645,700
The amount realized includes all the money received and any debts assumed by the buyer, minus any expenses paid by the seller that are related to the transaction.
Which research information could best help a marketer decide whether to
discontinue a product line?
A. Results of an experiment showing the combination of price and
features that consumers most often select
B. Observation results showing the path consumers take through a
store
C. Survey results indicating that the product no longer meets a
customer need
D. Survey results showing that what consumers value most is
reliability
Answers
Answer: survey results indicating that the product no longer meets a customer need
Explanation:
The research information that could best help a marketer decide whether to discontinue a product line is: Survey results indicating that the product no longer meets a customer need. Thus option (C) is correct.
What is an information?An information refers to something that has the power to inform. At the most fundamental level information pertains to the interpretation of that which may be sensed.
The digital signals and other data use discrete signs or alogrithms to convey information, other phenomena and artifacts such as analog signals, poems, pictures, music or other sounds, and the electrical currents convey information in a more continuous form.
Information is not knowledge itself, but its interpretation is important. An Information can be in a raw form or in an structured form as data. The information available through a collection of data may be derived by analysis by expert analysts in their domain.
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what do multinational corporations needs to balance when making decisions about social responsibilities?
Answers
What multinational corporations needs to balance when making decisions about social responsibilities is conflicting interests of stakeholders .
Why is it necessary for multinational corporations to balance conflicting interests of stakeholders?
Multinational corporations needs to balance conflicting interests of stakeholders in their decisions most important in human rights because the stakeholders are key part in the organization.
And any decision that affect the corporation will definitely affect all the stakeholders.
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why is training an important consideration when considering a business tool?
Answers
Answer:
Training boosts a feeling of value in employees.
Explanation:
It shows that you're committed to providing them with the resources needed to ensure they're doing a good job. In turn, they're more likely to enjoy their work and remain in your organization for longer.
Question 1-12
The Gross Domestic Product (GDP) of the United States is expanding currently. Which of
the following changes to these business cycle factors would be most likely to encourage GDP
growth to slow?
I. The automobile industry reduces hours for factory workers.
II. Banks offer lower interest rates for mortgages.
III. Consumers feel more secure in their jobs.
I only
III only
I and II only
II and III only
Answers
The change that would encourage GDP growth to slow is the automobile industry reduces hours for factory workers.
What would cause GDP growth to slow?Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
If the hours of work for factory workers is reduced, output would be reduced and this would slow GDP growth.
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The United States is _____.
Answers
The United States is a federal republic and a democratic country situated in North America, bordered by Canada to the north, Mexico to the south, and the Pacific and Atlantic Oceans on the west and east respectively.
With a total area of 3.8 million square miles, the country is the third largest country in the world by area. It also has a diverse population, consisting of people of different ethnic, racial, and religious backgrounds. The United States has a long history of promoting democracy, human rights, and freedom around the world. Its constitution guarantees basic freedoms like the freedom of speech, religion, and the press, and the right to bear arms.
The country has a capitalist economy that is the largest in the world, and is driven by its vast natural resources, technological innovations, and a well-educated workforce. The United States is a member of several international organizations like the United Nations, the World Trade Organization, and NATO. It also has an important role in maintaining global peace and security, as well as tackling global challenges like climate change and terrorism.
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QUESTION TWO (30 MARKS)
The accountant of Richfield Pty Ltd did not provide for the depreciation on non-current assets in the current financial year. He approached you to assist her in calculating the depreciation and with the disclosure of property, plant and equipment in the financial statements for the year ended 30 June 2018.
The following balances were extracted from the records of Richfield Pty Ltd on 30 June 2018
Machinery at cost R660 000
Accumulated depreciation on machinery R131 250
Vehicles at cost R360 000
Accumulated depreciation on vehicles R21 600
Equipment at cost R480 000
Accumulated depreciation on equipment R70 000
Additional information.
1. A manufacturing machine was purchased on 31 July 2016 at a cost of R660 000. The estimated production capacity of the machine is 180 000 units over the useful life of the machine. The estimated residual value at the end of its useful life is R30 000. During the financial year, 42 000 units (2017: 37 500 units) were manufactured by the machine.
2. Depreciation on vehicles is provided at 30% per annum on the carrying amount method. A new vehicle with a cost of R216 000 was purchased on 31 August 2017 and correctly recorded. The other vehicles were purchased on 1 January 2017.
3. Equipment with an estimated economic useful life of six years was depreciated using straight-line method. New equipment with a cost of R120 000 was purchased on 1 April 2018 and is included in the balance on 30 June 2018. The other equipment was purchased on 1 May 2016.
REQUIRED: Disclose property, plant and equipment on the statement of financial position and in the notes to the financial statements of Richfield Pty Ltd on 30
Answers
The disclosures of property, plant, and equipment on the statement of financial position and in the notes to the financial statements of Richfield Pty Ltd on 30 June 2018 are as follows:
Statement of Financial PositionProperty, Plant, and Equipment:
Machinery at cost R660,000
Accumulated depreciation on machinery R278,250 R381,750
Vehicles at cost R360,000
Accumulated depreciation on vehicles R129,600 R230,400
Equipment at cost R480 000
Accumulated depreciation on equipment R145,000 R335,000
Notes to the Financial StatementsProperty, Plant, and Equipment:
Cost Depreciation Accumulated Ending
Expenses Depreciation Balance
Machinery R660,000 R147,000 R278,250 R381,750
Vehicles R360,000 R108,000 R129,600 R230,400
Equipment R480 000 R75,000 R145,000 R335,000
Data and Calculations:Richfield Pty Ltd on 30 June 2018
Machinery at cost R660 000
Accumulated depreciation on machinery R131 250
Vehicles at cost R360 000
Accumulated depreciation on vehicles R21 600
Equipment at cost R480 000
Accumulated depreciation on equipment R70 000
1) Machinery:Cost = R660,000
Residual value = R30,000
Depreciable amount = R630,000
Depreciation Expenses for the year = R147,000 (R630,000 x 42,000/180,000)
2) Vehicle:Cost = R360,000
Depreciation Expenses = R108,000 (R360,000 x 30%)
3) Equipment:Old Equipment's Depreciation Expense = R60,000 (R360,000/6)
New Equipment's Depreciation Expense = R15,000 (R120,000/6 x 9/12)
Total Equipment's Depreciation Expenses = $75,000
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Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
Answers
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
The change in technology and the globalization have brought new pattern of organizing
today's companies, and thus, the managers need to consider these new concepts in
organization's design process. With this statement, discuss the emerging issues in
organization design and architecture.
Answers
Following are the emerging issues in organization design and architecture:Technology and Globalization, Customer Relations,Technical Knowledge, Flexibility, Employee's Well-being.
Following are the emerging issues in organization design and architecture:
Technology and Globalization: The modern era's rapid technology and globalization have forced the organizations to adopt a new pattern of organizing. Managers are focusing more on technology and globalization and they are ensuring that the company can cope with the emerging challenges.Customer Relations: Customers are the major driving force in every business. To maintain the customer base, the managers need to focus on customer relations as the organization's design process should be centered around their needs. This will help the managers in creating a company that provides excellent customer service to its customers.Technical Knowledge: The success of an organization depends on the technical knowledge of its managers. Managers need to have knowledge about new and emerging technologies so that they can use them to enhance the organization's capabilities. In addition, managers need to know how to apply this technical knowledge to improve the organization's structure and operations.Flexibility: Flexibility is a crucial component in the organization's design process. The managers need to design the organization that is flexible enough to adapt to new changes and technologies. This will help the managers in keeping up with the rapidly changing business environment.Employee's Well-being: The well-being of employees is also a significant issue in the organization's design process. The managers need to design the organization in a way that the employees can work efficiently, and their personal needs are also met. This will help in improving the employee's productivity and motivation level and ensure their loyalty to the organization.For more such questions on Globalization
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Do you think teams are a valuable new management technique that will endure, or are they just a fad that will be replaced with something else in the near future?
Answers
Teams are a valuable management technique that is likely to endure, but their implementation may change as the needs of organizations and the workforce evolve.
Are teams valuable management techniques that will endure?Teams have been a valuable management technique for decades, and their popularity has only increased over time. Teams can bring together individuals with different skills and perspectives, enabling them to work collaboratively to achieve a common goal. Additionally, teams can foster innovation and creativity, as well as promote a sense of ownership and accountability among team members.
There is no reason to believe that teams will become less important in the future. In fact, with the rise of remote work and the need for organizations to be more agile and adaptable, teams are likely to become even more prevalent. However, it is possible that the way teams are managed and organized may evolve over time, as new technologies and management theories emerge.
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Multinational corporation is purchased a manufacturing plant in a foreign country with an exchange rate of $.3435 of the foreign currency equal in one US dollar, for a total cost of US$12,500,000. soon after the purchase, the countries, leader ship orders at the plant denationalized Amanda’s for the MNC sell the plant at a discounted exchange rate of $.2241. How much in US dollars for the MSC lose on the transaction?
Answers
According to the question of currency, the answer of MNC would lose $1,636,250.
What is currency?Currency is a medium of exchange that is used to purchase goods and services. It is usually issued by a government and accepted as a legal tender within its jurisdiction. It is generally made up of banknotes and coins, which are used to purchase goods and services. Currency can be divided into two categories, namely fiat currency and commodity currency.
To calculate this, we need to determine the difference between the original exchange rate and the discounted exchange rate. The difference is 0.1194, which we can multiply by the total cost of the plant in US dollars ($12,500,000).
0.1194 x 12,500,000 = 1,636,250
Therefore, the MNC would lose $1,636,250 on the transaction.
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HELP
Professor Frank was offered a $5000 stipend for working on a new gaming
simulation. One requirement for the stipend is that his students to purchase the
game.
A) Professor Frank is faced with a conflict of interest
B) Professor Frank is faced with a risk/reward decision
3
C) Professor Frank should negotiate for a higher stipend
D) Professor Frank should purchase lunch for his students 10 times during the
semester to negate his ethical dilemma
Answers
A) Professor Frank is faced with a conflict of interest
Conflict of interest can be define as making a decision that best work in one's own favour or one's own interest.
Based on the information given Professors Frank is faced with conflict on interest based on the requirements given to him.
If at the end of the day Professors Frank persuaded his student to purchase the game based on the $5,000 stipend that was offered to him, which means that Professor Frank has engaged in what is called Conflict of interest because of the financial Interest attached to the condition given to him.
Example of conflict of interest is providing your employer sensitive information to another company because of the financial gain attached to it.
Inconclusion A) Professor Frank is faced with a conflict of interest
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(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Answers
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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What was the United States federal budget deficit in 2019?
Oslightly less than $100 billion
Oslightly less than $1 trillion
Oslightly more than $1 trillion
Oslightly more than $100 billion
Answers
The United States federal budget deficit in 2019 was slightly more than $1 trillion.
This significant deficit was primarily due to a combination of increased government spending and reduced tax revenues. The government implemented policies such as tax cuts and increased spending on defense and entitlement programs, which contributed to the widening deficit.
Factors like economic growth slowing down and rising interest payments on the national debt also played a role. The deficit has implications for the national debt, as the government needs to borrow money to cover the shortfall.
It highlights the ongoing challenge of balancing government expenditures with revenue and underscores the importance of fiscal responsibility in managing the nation's finances.
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Click on the BACKPACK tab and make choices for the SHAPE, STRAPS, MATERIAL, FEATURES and COLOR. Notice as you make your choices, the STATS and PRODUCTION COST will change. Do not forget who your target customer is and what they VALUE. You can always click on the SEGMENTS tab for reference if you need to. When you are done with your choices, click FINISH to move onto the next phase.
Answers
Answer:
Backpack Design: Shape: Large rectangular $15
Straps: Wide Padded $8
Material: Advanced $10 Features: Water Bottle $2 and extra waterproof protector for $10 extra, gps
Color: Blue
According to the given condition of the four shapes has the highest production cost is Teardrop Rucksack. The correct option is (A).
What do you mean by production cost?All of the direct and secondary expenses companies incur when producing a good or rendering service are referred to as production costs.
Various costs, including personnel, raw materials, consumable industrial supplies, and general fees, can be included in production costs.
The total cost of raw ingredients and personnel as well as the total cost of manufacturing overhead can be added together to get the total cost of the output.
It is the design that is most complex in nature. It has to go through different process steps, having parts of different sizes. So, it has the highest production cost.
Therefore, according to the given condition of the four shapes has the highest production cost is Teardrop Rucksack.
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This is an incomplete question the complete question is:
Okay, it's time to build a backpack that the OUTDOOR ENTHUSIAST market segment will love. The key design decisions you'll need to make include choosing the backpack's SHAPE, STRAPS, MATERIAL, FEATURES, and COLOR. First, let's focus on SHAPE. In the backpack builder panel, click through each of the four shape options.
Before you confirm the backpack shape selection, let's make sure you're reading the backpack shape information properly. Which of the four shapes has the highest PRODUCTION COST?
Teardrop RucksackRounded TopSquareLarge RectangularSuppose that Ned can produce either potato chips or computer chips. If he only produces potato chips he can produce 50 in a day. If he only produces computer chips, he can produce 25 in a day. Drag the endpoints of the line to plot his production possibilities frontier (PPF) on the graph.
What is the opportunity cost of potato chip production in terms of computer chips?
a. 4/3
b. 1/2
c. 3/4
d. 25
e. 2
f. 50
Answers
50 potato chips are produced, so the opportunity cost versus computer chips (which is 25) is 50.
Basically its asking if you focus on one type or chip for a whole day, what do you get? You get 50 potato chips OR 25 computer chips. Since it’s asking for potato chips versus computer chips, the answer is 50 because you can produce 50 potato chips in one day.
The opportunity cost of producing potato chips in terms of computer chips for Ned is 1/2. This means for every potato chip he produces, he is giving up the opportunity to produce 1/2 of a computer chip.
Explanation:The opportunity cost of a good or service is the value of the next best alternative that must be forgone to produce that good or service. In this case, we are asked to calculate the opportunity cost of producing potato chips in terms of computer chips for Ned, who can produce 50 potato chips or 25 computer chips in a day.
To calculate the opportunity cost, we use the formula:
Opportunity Cost = What You Sacrifice / What You Gain
If Ned decides to make potato chips, we need to determine what he is sacrificing. If he makes potato chips, he sacrifices the ability to make 25 computer chips. Therefore, the opportunity cost of making each potato chip is: Opportunity Cost = 25 Computer Chips / 50 Potato Chips = 0.5 or 1/2 computer chips.
So, the opportunity cost of potato chip production in terms of computer chips is 1/2 (option b).
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