On October 1, Oriole Corporation’s stockholders’ equity is as follows.
Common stock, $7 par value $535,500
Paid-in capital in excess of par—common stock 30,000
Retained earnings 167,000
Total stockholders’ equity $732,500
On October 1, Oriole declares and distributes a 10% stock dividend when the market price of the stock is $14 per share.
Required:
a. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.
b. Indicate the balances in the three stockholders? equity accounts after the stock dividend shares have been distributed.
Answers
Answer:
a. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.
1) $7 per stock2) $7 per stockb. Indicate the balances in the three stockholders? equity accounts after the stock dividend shares have been distributed.
Common stock $589,050Paid-in capital in excess of par - common stock $83,550Retained earnings $625,400Explanation:
since it is a "small" stock dividend, it will be carried out at market value and not at par value.
the total number of stocks = $535,500 / $7 par value = 76,500 stocks
total transaction = 76,500 stocks x $14 x 10% = $107,100
the journal entry should be:
Dr Retained earnings 107,000
Cr Common stock 53,550
Cr Paid in capital in excess of par value 53,550
total common stock account = $535,500 + $53,550 = $589,050 / 84,150 stocks = $7 per stock
Related Questions
what is the rate of return when 30 shares of stock A, purchased for $20/share, are sold for $720? The commission on the sale is $6
Answers
The rate of return on the investment is 19% for the 30 shares of stock and if the cost of each share is $20.
The Number of shares = 30
Cost of stock A = $20 per share
Total cost of 30 shares = 30 shares x $20/share = $600
The total cost of shares if the 30 shares were sold for $720, after paying a 6$ commission is:
$720 - $6 = $714
The profit from these sales are:
$714 - $600
profit = $114
The rate of return can be estimated as:
Rate of return = (Profit from sales / Total cost of cost) x 100%
Rate of return = ($114 / $600) x 100%
Rate of return = 0.19 x 100%
Rate of return = 19%
Therefore, we can conclude that the rate of return on the investment is 19%.
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Which element of an effective essay is the statement describing? The Contains a summary of the topic.
Answers
Answer:
The thesis statement should contain a summary of the topic, so the answer might be thesis statement.
Do you agree that the social media channels and content creation technology consumers have at their disposal is actually a good thing as the speaker says? Why or why not?
Answers
Answer: Guy on the top is so wrong
During 2019, a company purchased a mine at a cost of $4,324,000. The company spent an additional $760,000 getting the mine ready for its intended use. It is estimated that 460,000 tons of mineral can be removed from the mine and the residual value of the mine will be $760,000. During 2019, 61,000 tons of mineral were removed from the mine and 51,000 tons were sold.
Which of the following statements is incorrect with respect to the accounting for the mine?
a. The book value of the mine on December 31, 2014 was $3,750,600.
b. The inventory of minerals was $94,000 at December 31, 2014.
c. The 2014 cost of goods sold was $479,400.
d. The book value of the mine decreased $573,400 during 2014.
Answers
Answer: d. The book value of the mine decreased $573,400 during 2014.
Explanation:
Book value of the mine is:
= Cost + Amount spent to make mine ready
= 4,324,000 + 760,000
= $5,084,000
The depreciation for this mine will be done based on the amount of minerals removed per year from the estimated total. It will be based on the depreciable value which is the book value net of the residual value.
In year 2014, depreciation is:
= Proportion removed * (Book value - Residual value)
= 61,000 / 460,000 * (5,084,000 - 760,000)
= $573,400
Involving employees in the development of safety policies, reviewing details of accidents, recommending corrective action,
and participating in safety inspections help ensure employee interest buy-in.
Answers
An OSH policy that the employer is committed to and that is shared with all employees should be laid out in writing after consultation with the workforce and their representatives.
How can workplace health and safety be managed?
An essential component of running a business is controlling safety and health. Businesses must conduct a risk assessment to identify the hazards and dangers present in their workplace(s) and put appropriate control measures in place to ensure that these risks cannot endanger employees.
ILO-OSH 2001 is a set of guidelines for developing occupational safety and health management systems.
Worker involvement
The OSH management system within the company must include worker participation.
The employer is responsible for making sure that employees and their representatives for safety and health are included in all OSH-related decisions at work, including emergency plans.
When organizing, planning, implementing, evaluating, and taking corrective action to enhance the OSH management system, the employer should make sure that employees and their representatives for safety and health have the time and resources necessary.
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is a place where two parties can gather to facilitate the exchange of products
Answers
A marketplace is a physical or virtual place where two parties can gather to facilitate the exchange of goods or services. It is a space where vendors or merchants come together to sell their wares, and consumers come to buy what they need. A marketplace can be found in many forms and has evolved over time to keep up with the changing nature of trade and commerce.
Traditional marketplaces are physical locations where people gather to sell goods. They have been around since ancient times and continue to exist in many parts of the world. These marketplaces are usually located in urban areas, and vendors set up their stalls or shops to sell their wares.
They may sell food, clothing, handmade crafts, or other products. People come to these marketplaces to buy what they need, socialize, and enjoy the atmosphere.Virtual marketplaces, on the other hand, are online platforms where people can buy and sell products.
These marketplaces are accessible from anywhere with an internet connection and have become increasingly popular in recent years. Popular examples of virtual marketplaces include Amazon, eBay, and Etsy.
These platforms allow vendors to reach a broader audience and sell their products worldwide.In conclusion, marketplaces are crucial for facilitating the exchange of goods and services. They have been around for centuries, and their evolution has resulted in various forms, including traditional and virtual marketplaces.
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Two factors that can cause a person to change their status from *employed" to "not economically active"
Answers
A person's economic status can move from "employed" to "non-economically active" due to two circumstances.
For men, being out of the labor force due to illness or disability has been the main cause. The main motivation for women has been to take care of a family member.The population that is engaged in the economy includes both employed and unemployed people. The population that is "economically active" is referred to as the labor force or labor supply. Those who were working for pay, profit, or family gain at the time of the census are considered employed.
The labor force is a crucial element of economic expansion: Businesses are able to increase production and employment when more people join the workforce.
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Jeff's Meat Market recorded the following events involving a recent purchase of
merchandise:
Received goods for $40,000, terms 2/10, n/30.
Returned $800 of the shipment for credit.
Paid $300 freight on the shipment.
Paid the invoice within the discount period.
As a result of these events, the company's inventory
Answers
As a result of these events, the company's inventory increased by $38,612 by all these factors.
How does inventory work?Inventory is the term used to describe all the products, materials, goods, and merchandise that a company has on hand and plans to sell to customers for a profit. The only item that will be regarded as inventory is the newspaper if the vendor delivers newspapers to customers using a vehicle. The car will be handled like an asset.
What fundamentals surround inventory?The items that your company has are the most fundamental definition of inventory. These may be material (i.e., goods and raw materials) or intangible (e.g., software). Most of the time, when we talk about inventory, we simply mean all the items that the company has kept on hand—to sell.
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17. Functions of a business. Name and explain
Answers
Answer:
Glossary
Explanation:
Business functions are the activities carried out by an enterprise; they can be divided into core functions and support functions
A company purchased inventory for $2,000 from a vendor on account, FOB shipping point, with terms of 2/10, n/30. The company paid the shipper $100 cash for freight in. The company then returned damaged goods worth $200. The invoice has been paid 8 days after the sale. Assuming that there was no beginning inventory balance, the cost of inventory would be: (Assume a perpetual inventory system)
Answers
Answer:
$1,864
Explanation:
Calculation for Assuming that there was no beginning inventory balance, the cost of inventory would be:
Cost of Purchase$2,000
Less Purchase Returns($200)
Less Purchase Discount ($36)
[(2%*$2,000)-(2%*$200)]
($40-$4=$36)
Add Freight In $100
Net Cost of Inventory Purchased $1,864
($2,000-$200-$36+$100)
Therefore Assuming that there was no beginning inventory balance, the cost of inventory would be: $1,864
cr Entries during the pecember 2018: tra der 31 during the half-year Payments to Accounts Cheques from credit customers purchases on credit Sales on credit ended payable = 93685 119930 95580 12H 600
Answers
During December 2018, the company made payments to accounts, received cheques from credit customers, made sales on credit, and had an ending accounts payable balance of $12,600.
In December 2018, the company recorded various transactions related to accounts receivable and accounts payable. The half-year payments to accounts amounted to $93,685, indicating that the company settled outstanding balances with its creditors during this period.
Additionally, the company received $119,930 in cheques from credit customers, representing payments made by customers for their purchases on credit.
Furthermore, the company made credit sales amounting to $95,580 during this period. These sales were made to customers who would pay at a later date, resulting in an increase in accounts receivable. At the end of the month, the accounts payable balance stood at $12,600, representing the outstanding payments owed by the company to its suppliers and creditors.
In summary, during December 2018, the company made payments to accounts, received cheques from credit customers, made sales on credit, and had an ending accounts payable balance of $12,600. These transactions reflect the financial activities related to accounts receivable and accounts payable during that period.
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explain the utility of statistics as a manegerial tool
Answers
Answer:
"Statistics is a board of method for maintaining knowledge. It is a simple and economical method to find the means and valuable data even for large numbers. In a managers life it is a very helpful tool to do analysis and making business growth values and make right forecast".
Explanation:
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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_____ allow job seekers to search several different sources at the same time. Indeed.com and Jobs2Careers.com are both examples of this type of Web site.
Job board Web sites
Meta job search engine Web sites
Corporate career center Web sites
Industry-specific Web sites
Answers
Answer:
I think the answer is job board websites
Explanation:
Answer:
Meta job search engine Web sites
Explanation:
I looked up each one of the possible answer's and Meta job search engine web sites makes the most amount of sense. I guess Job board web sites when I took the quiz and got it wrong so I know for sure that it isn't that one.
During its first year of operations, Drone Zone Corporation (DZC) bought goods from a manufacturer on account at a cost of $55,000. DZC returned $8,500 of this merchandise to the manufacturer for credit on its account. DZC then sold $43,000 of the remaining goods at a selling price of $69,600. DZC records sales returns as they occur and then records estimated additional returns at year-end. During the year, customers returned goods that had been sold at a price of $7,300. These goods were in perfect condition, so they were put back into DZC’s inventory at their cost of $4,500. At year-end, DZC estimated $9,510 of current year merchandise sales would be returned to DZC in the following year; DZC estimates $5,800 as its cost of this merchandise.
Required:
Prepare journal entries to record DZC's transactions and estimates, assuming DZC uses a perpetual inventory system.
Answers
Answer:
Explanation:
Journal Entries
Event Account Title and Explanation Debit Credit
1 Inventory (or merchandise) $ 55,000
Accounts Payable $ 55,000
To record the purchase on account
2 Accounts Payable $ 8,500
Inventory (or merchandise) $ 8,500
To record return the merchandise
3. Cash ( or Accounts receivable) $69,600
Sales Revenue $ 69,600
To record sales revenue
4. Cost of goods sold $43,000
Inventory (or merchandise inventory) $43,000
To record cost of goods sold
5. Sales return and allowances $7,300
Cash (or Accounts receivable) $7,300
To record the sales return
6. Inventory (or merchandise Inventory) $ 4,500
Cost of goods sold $4,500
To record the reversal of COGS (Cost of goods sold)
7. Sales return and allowances $ 9510
Allowances for sales return $9510
To record the allowances for the estimated return
8. Inventory - Estimated Return $5,800
Cost of goods $5,800
To record the allowances for the estimated -
return of the cost of goods sold
How does the marketing department help determine if a product is cost effective
A. By identifying competitors
B. By researching how much a customer is willing to pay for similar products
C. By researching the companies history
D. By determining a target markets age
Answers
IT¨ el A :) ok bye y love
Answer:
B
Explanation:
B makes sense out of all of them because you are researching your target audience for your business.
Explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility and Triple bottom line.
Answers
Explanation:
TBL theory posits that instead of one bottom line, there should be three: profit, people and the planet. A TBL seeks to gauge a corporation's level of commitment to corporate social responsibility and it's impact on the environment over time.
Being a socially responsible company can bolster a company's image and build its brand. Social responsibility empowers employees to leverage the corporate resources at their disposal to do good. Formal corporate social responsibility programs can boost employee morale and lead to greater productivity in the workforce.
On December 31, 2020, Bonita Industries has $5960000 of short-term notes payable due on February 14, 2021. On January 10, 2019, Bonita arranged a line of credit with Beach Bank which allows Bonita to borrow up to $4450000 at one percent above the prime rate for three years. On February 2, 2021, Bonita borrowed $3570000 from Beach Bank and used $1540000 additional cash to liquidate $5080000 of the short-term notes payable. The amount of the short-term notes payable that should be reported as current liabilities on the December 31, 2020 balance sheet which is issued on March 5, 2021 is
Answers
Answer:
$2,420,000
Explanation:
The computation of the current liabilities reported is shown below:
= Short term note payable due - liquidate value of short term note payable + additional cash used
= $5,960,000 - $5,080,000 + $1,540,000
= $2,420,000
First we take the difference of the short term note payable and then we added the additional cash used so that the amount of current liabilities could come
What is a grant?(1 point) Responses
O a quantity of money, i.e., financial assistance, given by a government, organization, or person for a specific purpose
O an amount of money given to somebody by an organization to help pay for their education
O a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for financial aid
O a thing that is borrowed, especially a sum of money that is expected to be paid back with interest
Answers
1. What is a grant?
a quantity of money, i.e., financial assistance, given by a government, organization, or person for a specific purpose
2. What is a scholarship?
an amount of money given to somebody by an organization to help pay for their education
3. What is the Free Application for Federal Student Aid?
a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for financial aid
4. What is a student loan?
money that has to be repaid and incurs interest, designed to help students pay for postsecondary education and the associated fees, such as tuition, books and supplies, and living expenses
5. What is a grant?
money awarded to a student, often based on financial need, for a specific purpose (like tuition) by a government or an organization
Personal Finance- Financial Aid Process Quick Check4/21/2023
A grant is a quantity of money, i.e., financial assistance, given by a government, organization, or person for a specific purpose. Hence, the correct answer is A.
What are grants?Grants are non-repayable funds or products disbursed or gifted by one party (grant makers), often a government department, corporation, foundation, or trust, to a recipient, often (but not always) a nonprofit entity, educational institution, business, or an individual.
Grants are different from loans, as they do not have to be repaid with interest. Instead, grants are essentially "free money" that is awarded to individuals or organizations that meet specific criteria.
Therefore, a grant is a quantity of money, i.e., financial assistance, given by a government, organization, or person for a specific purpose. Hence, the correct answer is A.
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The negative impact of HIV/AIDS in the workplace
Answers
HIV/AIDS has a significant negative impact on the workplace in several ways. Firstly, the illness can lead to absenteeism and decreased productivity as employees take time off work to receive treatment and care for their condition.
This can be particularly damaging in industries where staffing levels are critical, such as healthcare or emergency services. Additionally, the stigma associated with HIV/AIDS can result in discrimination against affected employees, which can lead to further absenteeism and decreased productivity. This discrimination can also result in the loss of skilled employees who are forced to leave their jobs due to discrimination.
Furthermore, the cost of providing medical and disability benefits to affected employees can be high, leading to financial strain on companies. This can also lead to increased healthcare costs and insurance premiums for other employees. Finally, the negative impact of HIV/AIDS on workplace morale and relationships cannot be overlooked.
Fear, misunderstanding, and discrimination can lead to a toxic workplace environment, which can impact the mental health and well-being of all employees. It is important for employers to prioritize education, prevention, and support for affected employees in order to mitigate the negative impact of HIV/AIDS in the workplace.
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Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
Answers
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
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Suppose Tefco Corp. has a value of $100100 million if it continues to operate, but has outstanding debt of $120120 million that is now due. If the firm declares bankruptcy, bankruptcy costs will equal $2020 million, and the remaining $8080 million will go to creditors. Instead of declaring bankruptcy, management proposes to exchange the firm's debt for a fraction of its equity in a workout. What is the minimum fraction of the firm's equity that management would need to offer to creditors for the workout to be successful?
Answers
Answer:
The minimum fraction is 80%
Explanation:
Creditors receive 80 million in bankruptcy since if there is bankruptcy, the bankruptcy cost is $20m while the other $80m is received by creditors, so they need to receive at least this much. Therefore, the minimum fraction of the firm's equity that management would need to offer to creditors for the workout to be successful is 80%. Tefco could offer its creditors 80% of the firm in a workout.
Bondholders tend to offset the effects of selfish strategies implemented by shareholders by: Multiple Choice increasing the interest rate on monies loaned to the firm. agreeing to reduce the interest rate on existing loans. restructuring their loans to provide additional time to the firm to make repayment. agreeing to reduce the outstanding principal balances on their loans. subordinating their bankruptcy position to the shareholders.
Answers
It should be noted that bondholders offset the effects of selfish strategies that are implemented by shareholders by A. increasing the interest rate on monies loaned to the firm.
A bondholder simply means an individual that's owning a bond that was issued by the government or a public company.
The effects of selfish strategies that are implemented by shareholders are offset by increasing the interest rate on monies loaned to the firm.
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53. [LO 11.4] At the beginning of year 1, Lisa and Marie were equal shareholders in LM Corporation, an S corporation. On April 30, year 1, Lisa sold half of her interest to Shelley. On August 8, year 1, Marie sold her entire interest to George. On December 31, year 1, the corporation reported net income of $50,000. How is this income allocated to Lisa, Marie, Shelley, and George
Answers
Answer:
• Lisa $16,611
• Marie $15,070
• Shelley $8,391
• George $9,933
Explanation:
Daily allocation of $50,000 net reported net income
= $50,000/365
= $137 per day
• Income allocated to Lisa would be ;
Since Lisa and Marie are equal shareholders; meaning both would have 50% stake each in the business. Moreover, since Lisa sold half of her stake I.e 50% ÷ 2 = 25% to Shelley, her share would be;
(50% × 120 × 137) + (25% × 245 × 137) = $16,611
° Note Jan 1 to April 30 is 120 days, while the balance is 365 days - 120 days hence 245 days
• Income allocated to Marie would be;
Since Marie have 50% stake in the business and also sold her entire interest to George, her share will be;
50% × 220 × 137 = $15,070
°Note Jan 1 to August 8 is 220 days
• Income allocated to Shelley would be;
Since Shelly bought 25% out of the 50% stake that Lisa have in the business, her share will be;
25% × 245 × 137 = $8,391
°Note 245 days will be applied to Shelly's share which represent the number of days she purchased part of Lisa's interest in the business. I.e. 365 days - 120 days = 245 days
• Income allocated to George would be;
Since George purchased the whole 50% of Marie's stake in the business, his share of profit will be;
50% × 145 × 137 = $9,933
° Note 145 days will also be applied to George which represent the balance of days with which he purchased Marie's whole stake in the business. I.e 365 days - 220 days = 145 days
When taxes are increased, disposable income , and hence consumption .
A. increases, increases
B. increases, decreases
C. decreases, increases
D. decreases, decreases
Its not C
and why is it right
Answers
Answer:
decreases; decreases
Explanation:
10. You recently sold 200 shares of Apple stock to your brother. The transfer was made through a broker, and the trade occurred on the NYSE. This is an example of:
Answers
Answer:
A secondary market transaction
Explanation:
Secondary market transaction: In this transaction, the transaction which is already issued to the public are sold by another investors.
In this type market, the investors buy and sell securities which are theirs . It is what most people typically think of as the "stock market," though stocks are also sold on the primary market when they are first issued.
So in the question, the transfer was made through a broker which implies it deals in the secondary market.
Primary market transaction: In this transaction, the company directly sells the new stocks, bonds, etc to the public for the first time.
Future market transaction: This is the transaction which occurs in the near future to buy some specific quantities at the future price.
While Peloton has had a surge in subscriptions due to the COVID-19 pandemic, what are your long-term expectations for this company’s success? Would you buy stock in Peloton? Explain
Answers
Peloton has undoubtedly benefited from the pandemic as more people shifted to at-home workouts, and the company's subscriptions surged as a result.
However, Peloton's success in the long term will depend on various factors, including competition, innovation, and market demand.
What challenges may face Peloton?Peloton faces significant competition in the at-home fitness market, with established players like NordicTrack, ProForm, and SoulCycle, as well as new entrants like Apple Fitness+. The competition will likely become more intense as the at-home fitness market grows.
To continue its success, Peloton will need to continue innovating and expanding its offerings to attract and retain customers. Peloton has already expanded beyond its core cycling products and now offers strength training, yoga, and other classes. Still, the company will need to stay ahead of the curve in terms of technology, content, and delivery methods.
Market demand is another crucial factor in Peloton's long-term success. While the pandemic has created a surge in demand for at-home fitness, it remains to be seen whether this trend will continue once the pandemic is over.
In conclusion, while Peloton has had significant success in recent years, its long-term success will depend on several factors. Investors should carefully consider these factors before making a decision on whether to invest in the company.
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Case Study 4.3: Is There Really a Market for it? (pp. 127 - 129). This particular case study seems to bring to light many of the questions that in the future, you will have to ask as you begin to market your products or services. It also aligns well with the Marketing Plan that you are building.
answer all 6 questions in details.
Answers
The characteristics of the population that made hospital adminstrators a potential market is the disease incidence and the referral patterns.
How to illustrate the information?When the suburb population was examined, the service that the analyst think would appeal to the community is a housing unit.
The type of research that was carried out to verify the conclusion based on the secondary data is a survey of the community residents.
The findings contradicted what was found in the secondary data as it was found that the population wasn't progressive and the housing construction wasn't necessary.
Also, the development of the innovative health sector was discouraged as it was found that the population preferred traditional medicine.
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Guys I know its a lot but I promise it'll be worth it just lmk if you can help please!!
Answer each question in a thorough, well-supported and explained response.
1. Define demand. What does the law of demand state? Express it in words, in symbols (clip art or images), and as a graph.
2. Define supply. What does the law of supply state? Express it in words, in symbols (clip art or images), and as a graph.
3. Discuss the five factors that cause demand curves to shift and give a specific example of each one.
4. Describe the five factors that shift the supply curve and what causes a movement along the supply curve.
5. What does it mean when a supply curve shifts to the left? Shifts to the right? Compare a shift of the curve to a movement along the curve.
6. Define elasticity of demand and describe how it is calculated; give examples of elastic and inelastic goods.
7. Describe equilibrium three ways: in words, with symbols, and as a labeled graph.
8. Describe how price acts as a signal in the marketplace to buyers and sellers.
Answers
Demand: The quantity of a product or service consumers are willing and able to buy at a given price. The law of demand states that as price increases, quantity demanded decreases, and as price decreases, quantity demanded increases. (Graph: Downward-sloping curve)
Supply: The quantity of a product or service producers are willing and able to sell at a given price. The law of supply states that as price increases, quantity supplied increases, and as price decreases, quantity supplied decreases. (Graph: Upward-sloping curve)
Factors shifting demand curves: Changes in consumer income, prices of related goods, consumer tastes and preferences, population, and consumer expectations. Example: Increase in income leads to increased demand for luxury goods.
Factors shifting supply curves: Changes in input prices, technology, number of suppliers, government policy, and natural conditions. Example: Decrease in input prices leads to increased supply.
Left shift of supply curve: Quantity supplied decreases at every price level. Right shift of supply curve: Quantity supplied increases at every price level. Movement along the supply curve occurs due to changes in price, resulting in a change in quantity supplied.
Elasticity of demand: Measures the responsiveness of quantity demanded to changes in price. Calculated as the percentage change in quantity demanded divided by the percentage change in price. Elastic goods have a large responsiveness to price changes (e.g., luxury goods), while inelastic goods have a small responsiveness (e.g., essential goods like food and medicine).
Equilibrium: A state of balance where quantity demanded equals quantity supplied. Symbolized as Qd = Qs. Graphically, it is the point where the demand and supply curves intersect.
Price as a signal: In the marketplace, price acts as a signal to buyers and sellers. Higher prices indicate increased demand and scarcity, leading to increased production. Lower prices signal reduced demand and surplus, leading to decreased production. Prices guide the allocation of resources and influence buying and selling decisions.
Small Business Management (1)
Please refer attached
Answers
Small business management refers to the process of overseeing and operating a small business. It involves various activities such as planning, organizing, leading, and controlling business operations to achieve the goals of the organization.
Small business management includes various functional areas such as marketing, finance, human resources, and operations. In order to effectively manage a small business, it is important to have a clear understanding of the business environment, competition, customer needs, and available resources. This requires conducting market research, identifying target markets, developing a marketing strategy, managing finances, and developing a team of skilled employees.
Effective small business management also involves establishing clear communication channels, delegating responsibilities, and establishing performance metrics to measure success. The key to successful small business management is to stay focused, prioritize tasks, and be flexible in adapting to changing business conditions. Overall, small business management is critical for the success of any small business. It requires a combination of skills, knowledge, and experience to effectively manage a small business and achieve its goals.
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