The customer perspective of the balanced scorecard approach
a. evaluates the company from the viewpoint of those people who buy its products or services.
b. evaluates the internal operating processes critical to the success of the organization.
c. is the most traditional view of the company.
d. evaluates how well the company develops and retains its employees.
Answers
The customer perspective of the balanced scorecard approach evaluates the company from the viewpoint of those people who buy its products or services.
What is a balanced scorecard and what does it do?A balanced scorecard is a strategic management performance statistic that aids businesses in identifying and enhancing their internal processes in order to enhance their external outcomes. It evaluates historical performance data and offers organizations advice on how to make better decisions going forward.
Why is a balanced scorecard the best strategy?The balanced scorecard methodology aids organizations in creating key performance indicators (KPIs) for their varied strategic goals. This guarantees that businesses are measuring what is important. The BSC approach gives data-driven insight and high-quality management information to aid in decision-making.
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Related Questions
Two firms, Boomburgs and ABC X-Plode, both sell the same fireworks bundle. If they sell their fireworks at the manufacturer's suggested retail price (MSRP), they both sell 100 units a day. Each pays $10 per unit sold to the wholesaler in order to stock its shelves. If either firm sells below MSRP while the other sells at MSRP, the firm with the lower price sells 175 units a day and the firm charging MSRP sells only 50. If both firms sell below MSRP, then each firm sells 125 units a day
If MSRP is $20 and the below MSRP price is $15, calculate the following payoffs:
Profit for ABC X-Plode when both firms charge MSRP:
Profit for ABC X-Plode when it charges MSRP but Boomburgs charges below MSRP: $
Profit for ABC X-Plode when it charges below MSRP but Boomburgs charges MSRP: $
Profit for ABC X-Plode when both firms charge below MSRP: $
Answers
1. The profit for ABC X-Plode when both firms charge MSRP is $1,000.
Units ABC X-Plode will sell = 100 units
Profit per unit = $10 ($20 - $10)
Total profit = $1,000 ($10 x 100)
2. The profit for ABC X-Plode when it charges MSRP, but Boomburgs charges below MSRP is $500.
Units ABC X-Plode will sell = 50 units
Profit per unit = $10 ($20 - $10)
Total profit = $500 ($10 x 50)
3. The profit for ABC X-Plode when it charges below MSRP, but Boomburgs charges MSRP is $350.
Units ABC X-Plode will sell = 175 units
Profit per unit = $2 ($12 - $10)
Total profit = $350 ($2 x 175)
4. The profit for ABC X-Plode when both firms charge below MSRP is $250.
Units ABC X-Plode will sell = 125 units
Profit per unit = $2 ($12 - $10)
Total profit = $250 ($2 x 125)
Data and Calculations:
Cost per unit = $10
Quantity sold at MSRP = 100 units
Sales units below MSRP:
One firm sells = 175 units
Second firm sells = 50 units
Sales units for each firm when they sell below MSRP = 125 units
Let:
Price at MSRP = $20
Price Below MSRP = $12
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1. A location’s risks can make a difference in premium costs. Think about two houses, one built on a mesa (a high desert plateau) in Arizona and the other built on the Louisiana coast (below sea level). Which location is more likely to experience flooding? Which house would have lower premiums for flood insurance?
Answers
Answer:
House with lower premiums for flood insurance -- house built on Mesa in Arizona.
Location more likely to experience flooding --- Louisiana coast which is below sea level.
Explanation:
Insurances provides a protection in exchange for a amount of fee known as a premium. An insurance is a policy or an agreement where the person availing the policy gets a financial protection against the calamities or losses that occurs to the person as promised by the other party. But for that the person needs to a pay a fee called as the premium to the other party.
In the context, the house which is built on the mesa, which is a high desert plateau in Arizona is less prone to floods. Since the location of the house is in a high altitude place, it is less likely to experience floods as compared to the other place in Louisiana coast which is below sea level and is more likely to experience flooding because of its location near the coast and elevation.
Therefore, the house located in Arizona will have to pay lower premiums for flood as there will be less likely to occur flood in the region of the high elevation of the place.
And since house built on Louisiana coast is below sea level, it will more likely to experience floods.
The following citation is for a page on a Web site. Identify the error in the citation.
Answers
a 12. Which of the following statement(s) is correct? (A) Estimation is a step by which one estimates unknown population parameters from sample statistics. (B) An estimate is a numerical value of an estimator. (C) Estimator is any statistic used to determine a population parameter. (D) All of the above. (E) None of the above.
Answers
obanga is a resident of bishoftu town which is found 47km south east of addis ababa.once while obanga was visiting his finance in addis ababa he got bokassa ,who is a good mechanical engineer. obanga told to bokassa that his car was seriously damaged and parked in adama and he had been looking for an engineer. bokassa offered to repair the car for birr 10.000 provided spare part expenses are covered by obanga.obanga happily accepted offer. however they did not talk about placce of performance.bokassa has garage business in addis ababa only
Answers
The issue of the place of performance needs to be resolved before the repair job can proceed. This is an important aspect of the agreement that needs to be agreed upon by both parties. I
The issue at hand is the place of performance for the car repair job that Bokassa offered to do for Obanga. While Bokassa has a garage business in Addis Ababa, Obanga's car is parked in Adama, which is quite a distance from Bokassa's garage. It is not clear whether Bokassa will have to travel to Adama to perform the repair job or whether Obanga will have to tow the car all the way to Addis Ababa.
It is important to note that the terms of their agreement did not specify the place of performance. In contract law, this is a crucial element that needs to be agreed upon by both parties. In the absence of a specific agreement on the place of performance, the default rule is that the performance should be done at the place where the contract was made, which in this case is Addis Ababa.
However, in this situation, it might be impractical for Obanga to tow his car all the way to Addis Ababa. It might also be costly and time-consuming for Bokassa to travel to Adama to perform the repair job.
Therefore, the best course of action would be for Obanga and Bokassa to have a discussion and come to a mutual agreement on the place of performance that would be convenient for both parties.
In conclusion, t is always better to clarify the terms of a contract before proceeding to avoid any misunderstandings or disputes that may arise in the future.
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How does the project fit within the global microeconomic environment? Support your response with evidence.
Answers
Explanation
Microeconomics is one of the significant center regions inside the scholarly field of financial aspects. While the degree and techniques for microeconomics can be intricate, its general center is moderately direct. Microeconomics inspects the regular activities of the commercial center, zeroing in on the choices made by people – individuals and organizations – as they purchase, sell, contribute and settle on other monetary choices. You don't have to officially consider microeconomics to apply a portion of its standards to your private company.
5) An investor obtained a fully amortizing mortgage five years ago for $95,000 at 11 percent for 30 years. Mortgage rates have dropped, so that a fully amortizing 25-year loan can be obtained at 10 percent. There is no prepayment penalty on the mortgage balance of the original loan, but three points will be charged on the new loan and other closing costs will be $2,000. All payments are monthly.
a. Should the borrower refinance if they plan to own the property for the remaining loan term? Assume that the investor borrows only an amount equal to the outstanding balance of the loan.
b. Would your answer to part (a) change if the investor only planned to own the property for five more years?
Answers
a. If the new loan offers a lower monthly payment and the total savings from the lower payment outweigh the costs of refinancing (points and closing costs), it may be beneficial for the borrower to refinance.
b. If the investor plans to own the property for only five more years, the decision to refinance becomes different.
a. To determine whether the borrower should refinance, we need to compare the costs and benefits of the new loan with the remaining balance of the original loan.
Remaining balance of the original loan after 5 years:
The loan term was 30 years, and 5 years have passed, so the remaining loan term is 30 - 5 = 25 years.
Using an amortization schedule or mortgage calculator, we can calculate the remaining balance on the original loan after 5 years.
Cost of refinancing:
The new loan is for $95,000 (equal to the outstanding balance of the original loan). However, three points will be charged on the new loan, which is 3% of the loan amount. Therefore, the points charged will be 3% of $95,000, which is $2,850. Additionally, there are closing costs of $2,000.
Monthly payments:
We need to compare the monthly payments on the original loan with the new loan.
Original loan: Using the original loan details ($95,000 at 11% for 30 years), we can calculate the monthly payment using a mortgage calculator.
New loan: Using the new loan details ($95,000 at 10% for 25 years), we can calculate the monthly payment using a mortgage calculator.
After calculating the monthly payments for both loans, we can compare them to determine if there is a significant difference.
If the new loan offers a lower monthly payment and the total savings from the lower payment outweigh the costs of refinancing (points and closing costs), it may be beneficial for the borrower to refinance.
b. If the investor plans to own the property for only five more years, the decision to refinance becomes different. In this case, the focus should be on the interest savings during the ownership period rather than the total savings over the loan term.
Calculate the interest savings:
Calculate the total interest payments for the remaining term of the original loan (20 years) using the original loan details.
Calculate the interest payments for the new loan over the planned ownership period (5 years) using the new loan details.
Compare the interest savings from the new loan with the costs of refinancing (points and closing costs).
If the interest savings outweigh the refinancing costs, it may still be beneficial to refinance even if the monthly payment doesn't significantly decrease.
It is important to note that these calculations provide a general framework for evaluating the decision to refinance. Other factors, such as individual financial circumstances, future plans, and market conditions, should also be considered. Consulting with a mortgage professional can provide more personalized advice based on specific details and goals.
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If managerial work is characterized by variety, fragmen-tation, and brevity, how do managers perform basic management functions such as planning, which would seem to require reflection and analysis.
Answers
There are several management styles that depend on various elements such as the industrial domain, culture, etc. Managers are required to be effective at multitasking and wearing multiple hats at once.
What do you mean by the management functions?The process of organizing, directing, planning, and supervising the work of organizational members and managing organisational resources to achieve specific goals is referred to as management.
Nearly every action or procedure can be classified into one of four basic management functions:
Planning has a purpose.Functions of organization.Directing roles.functions of control.Therefore, there are several management styles that depend on various elements such as the industrial domain, culture, etc. Managers are required to be effective at multitasking and wearing multiple hats at once.
While some businesses would benefit from a more hands-on approach, others could choose a very high-level approach where managers merely serve as facilitators and only intervene when necessary.
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2. United Uninsured Underwriters (U3) needs to raise $192 million. If it issues new common stock to raise the funds, the flotation costs will be 8 percent. The new issue will also require U3 to pay $280,000 in fees to its lawyers, printing costs, and other costs associated with the issue. U3 can issue stock at $25 per share. How many shares of common stock must be issued so that it has $192 million after flotation costs? Show how much of the total dollar amount will be flotation costs and how much U3 will receive after the flotation costs are paid.
Answers
Answer:
Let x denote the no of shares of common stock to be issued by UUU at a price of $25 per share
Therefore, the total money raised is $24 * x
Given that UUU has to incur flotation cost of 8% plus additional costs of $280,000, the total flotation costs work out to $25 * x * 0.08 + $280,000
Since UUU needs $192 million, calculation of the value of x is as follows:
$25 * x - ($25 * x * 0.08 + $280,000) = $192 million
$25 * (1-0.08) * x = $192 million + $280,000
x = 192.28 million/25 * 0.92
x = 8.36 million
Therefore, UUU has to issue 8,360,000 shares of common stock at $25 to obtain its funding need of $192 million
The flotation costs would be $25 * 8,360,000 * 0.08 + $280,000 = $17 million
Out of the total money raised of 8,360,000 * $25 = $209 million, after deducting the flotation costs of $17 million, UUU will receive $192 million
What force have caused cost and management accounting system designed decade's ago to become less relevance and less valuable for organizational employee's in today's global competitive environment.
Answers
Answer with its Explanation:
The forces that had lessened the importance of the cost and management accounting systems in today's dynamic world are as under:
The ancient bookkeeping and the costing techniques were very time consuming and the accounting systems were also not integrated with the financial accounting systems. Today we have very robust and integrated systems which helps the management of the business operations nation wide with greater security and better performance than the previous old versions.The complexity of the organization operations have resulted in origination of additional management accounting techniques that were adapted in the form of automated software, that are used to produce management reports on daily, weekly, monthly and yearly basis. The examples include the Throughput costing, Activity based costing, Bench-marking techniques, etc.The activities automation has led to attaining of maximum efficiency possible in some areas which wasn't possible in the past. The robots management systems, activity automation, etc has increased the fixed cost share in the total cost and the variable cost has become a very minute share of the total cost of the activity. This variable cost which is often referred to as controllable cost, is very less in percentage share of total cost today than 10 years back. In the future, we will see it as a very very very small share of total cost. This makes the today's management costing techniques obsolete and requires new solutions, new techniques, new softwares, etc. to manage the companies operations.I. A clinic encourages its customers to have their bond checked with the claim that one out
of four 60-year-old men need to be supplemented with glucosamine. If this is true, what is
the probability of the following events:
a. Two out of the next eight 60 year-old men need to be supplemented with glucosamine
b. Three out of the next 12 60 year-old men need to be supplemented with glucosamine
Answers
A clinic encourages its customers to have their bond checked with the claim that one out of four 60-year-old men need to be supplemented with glucosamine. If this is true, then the probability of the following events is Two out of the next eight 60 year old men need to be supplemented with glucosamine.
Glucosamine is a naturally occurring compound in the body. It is required for the formation and repair of cartilage as well as other body tissues.
Because glucosamine production slows in age, some people take glucosamine supplements to help them fight aging-related health issues like osteoarthritis. The majority of supplements are made from the shells of marine life, such as prawns and crabs.
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The identity thief's information on your credit report wouldn't impact your ability to
get certain types of jobs.
True
False
Answers
In 2020, Theresa was in an automobile accident and suffered physical injuries. The accident was caused by Ramon's negligence. In 2021, Theresa collected from his insurance company. She received $15,000 for loss of income, $10,000 for pain and suffering, $50,000 for punitive damages, and $6,000 for medical expenses that she had deducted on her 2020 tax return (the amount in excess of 7.5% of adjusted gross income). As a result of this, Theresa's 2021 gross income is increased by ___________
Answers
Answer:
$56,000
Explanation:
Calculation for how much is Theresa's 2021 gross income is increased by
Using this formula
2021 gross income =Punitive damages+Medical expenses
Let plug in the formula
2021 gross income=$50,000 + $6,000
2021 gross income=$56,000
Therefore As a result of this, Theresa's 2021 gross income is increased by $56,000
Answer this question in your own words:
What is an example of an input that changes in the short run, and one that doesn’t?
Answers
Labour is one of the examples of variable inputs which change in the short run, and one that doesn’t.
What is Variable Input?A variable input is one whose usage can be changed on the fly. A fixed input is one that cannot be changed in the short term. Plant size is usually fixed. Labor and raw materials typically fluctuate in the short term.It is a variable whose value affects the output.It is a variable input as input whose quantity can change during the period.A variable input is a resource or factor of production that can be changed in the short term when a firm seeks to change the amount of output produced. Most companies use some variable inputs, especially labor, material inputs, and energy in short-run production.Thus, Variable inputs are those that can be changed in the short term when a firm seeks to change the amount of output produced. An example of that is Labour and workers.
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5. In war time conditions, cigarettes have been used as money. What disadvantage do cigarettes have for trading compared with notes and coins? *
Answers
Answer:
The main disadvantage that cigarettes have over notes or coins is that they wear out more easily.
Explanation:
Cigarettes can fulfill the three functions of money: they can work as unit of account, as store of value, and as medium of exchange.
They are a commodity that is valued by many people, they are easy to carry, and they are easy to manufacture.
The problem is that they can easily wear out, break down, splinter, and so on, meaning that as money supply, they leave the monetary market more quickly, making the monetary market more unstable and more prone to imbalances and price changes.
Are entities in Sweden and the US wholly-owned subsidiaries or branch offices? How are those determinations made?
Answers
Answer:
Sweden is generally considered a highly-favorable investment destination. Sweden offers an extremely competitive, open economy with access to new products, technologies, skills, and innovations. Sweden also has a well-educated labor force, outstanding communication infrastructure, and a stable political environment, which makes it a choice destination for U.S. and foreign companies. Low levels of corporate tax, the absence of withholding tax on dividends, and a favorable holding company regime are additional incentives for doing business in Sweden.
Sweden’s attractiveness as an investment destination is tempered by a few structural, business challenges. These include high personal and VAT tax regimes. In addition, the high cost of labor, rigid labor laws and regulations, a persistent housing shortage, and the general high cost of living in Sweden can present challenges to attracting, hiring, and maintaining talent for new firms entering Sweden. Historically, the telecommunications, information technology, healthcare, energy, and public transport sectors have attracted the most foreign investment. However, manufacturing, wholesale, and retail trade have also recently attracted increased foreign funds.
Overall, investment conditions remain largely favorable. Forbes Magazine ranked Sweden second in “The Best Countries for Business for 2019,” a ranking that takes into account factors such as property rights, innovation, taxes, technology, corruption, freedom, red tape, and investor protection. In the World Economic Forum’s 2017-2018 Competitiveness Report Sweden was ranked twelfth out of 138 countries in overall competiveness and productivity. Also in 2018, Transparency International ranked Sweden as one of the most corruption-free countries in the world –third out of 180.
In addition, Sweden is well equipped to embrace the Fourth Industrial Revolution, with a superior IT infrastructure. Bloomberg’s 2019 Innovation Index ranked Sweden in seventh place among the most innovative nations on earth. Sweden is a global leader in adopting new technologies and setting new consumer trends. U.S. and other exporters can take advantage of a test market full of demanding, highly sophisticated customers.
EAR versus APR [LO4] Two banks in the area offer 30-year, $220,000 mortgages at 5.5 percent and charge a $3,500 loan application fee. However, the application fee charged by Insecurity Bank and Trust is refundable if the loan application is denied, whereas that charged by I.M. Greedy and Sons Mortgage Bank is not. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating the APR, but this is not required with non fundable fees (presumably because refundable fees are part of the loan rather than a fee). What are the EARs on these two loans? What are the APRs?
Answers
Answer:
application fee. However, the application fee charged by Insecurity Bank and Trust is refundable if the loan application is denied, whereas that charged by I.M. Greedy and Sons Mortgage Bank is not. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating the APR, but this is not required with non fundable fees (presumably because refundable fees are part of the loan rather than a fee). What are the EARs on these two loans? What are the APRs?
Dakota Coffee Company produces Columbian coffee in batches of 7,500 pounds. The standard quantity of materials required in the process is 7,500 pounds, which cost $6.00 per pound. Columbian coffee can be sold without further processing for $9.80 per pound. Columbian coffee can also be processed further to yield Decaf Columbian, which can be sold for $11.60 per pound. The processing into Decaf Columbian requires additional processing costs of $6,300 per batch. The additional processing will also cause a 5% loss of product due to evaporation.
Question Content Area
a. Prepare a differential analysis dated December 11 on whether to sell regular Columbian (Alternative 1) or process further into Decaf Columbian (Alternative 2). If required, use a minus sign to indicate a loss.
Answers
The differential analysis is attached accordingly. The workings are indicated below.
What is differential analysis?Differential analysis is a decision-making approach that analyzes the net effects of two alternatives by examining the advantages and costs associated with each. The option chosen has the greatest advantageous (or least adverse) financial impact.
To arrive at the figures in the differential analysis first we derive the Revenue from selling regular Columbian:
Recall that:
Revenue = Sales x Quanity Manufactured; hence
9.8 x 7500
= $73,500
Revenue from Decan Columbian:
11.6 x (95% x 7500)
= 11.6 x 7125
= $82, 650
Cost of selling regular Columbian
Cost = Cost x Units produced
= 6 x 7500
= $45,000
Compute the cost of selling Decaf Columbian
In this case, Cost = Product Cost + Cost of processing
= 45,000 + 6300
= $51,300
Hence the figures indicated in the differential analysis.
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The City of Houghton enacted an ordinance that forbids religious groups from distributing religious materials within the city limits of Houghton unless the distributor is granted a permit. Other types of materials can be distributed without a permit. What concerns do you have about the constitutionality of this ordinance?
Answers
The concerns that have about the constitutionality of this ordinance are Freedom of Religion, Content-Based Restrictions, Prior Restraint, Equal Protection and Unfettered Discretion.
Here are a few major concerns:
Religious Freedom: The First Amendment to the United States Constitution provides religious freedom, which includes the right to practise and express one's religious views. Content-Based limitation: By treating religious materials differently from other types of materials, the ordinance appears to impose a content-based limitation on communication. Prior constraint: Requiring religious organisations to seek a licence before disseminating religious materials is a type of prior constraint on speech. Equal Protection: If the ordinance treats religious groups differently than other groups or items, it may raise questions regarding legal equality. Unrestricted Discretion: If local officials have unrestricted discretion in choosing who gets a permit, there is a possibility of viewpoint discrimination or bias.For such more question on Restrictions:
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With growing dissatisfaction with performance management processes, Agile Manifesto was developed by software developers and emphasized principles of all of these EXCEPT:________.
a. emotional intelligence.
b. regular reflection on how to work more effectively.
c. self-direction.
d. self-organization.
e. collaboration.
Answers
Considering the Agile Manifesto analysis and available options, the correct answer is emotional intelligence.
What is the Agile Manifesto?Agile Manifesto is the document that establishes the fundamental values and standards in the Agile philosophy context.
Agile Manifesto is formulated to assist the development teams in performing their tasks with efficiency and sustainability.
Four Agile Manifesto PrinciplesRegular reflection Self-directionSelf-organizationCollaborationHence, in this case, it is concluded that the correct answer is option A. "emotional intelligence."
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Submit an open inquiry question, and in 1-2 paragraphs, reflect on your process to getting to this question. What were the steps you took and how did you narrow down your question? How might researching this question bring deeper understanding of this issue?
Answers
The research question should stimulate the creation of a research project on a certain topic.
What is a research question?It is a question that prompts another question about a specific topic.It is a thought-provoking question.When a research project is completed, it must answer this question.To create a research question, you must first understand the topic to which it refers and identify potential questions about that topic that can be answered through a research project.
An example of this could be the question "Do students with higher GPA have greater ease in social interaction?"
Another example for an open inquiry question would be “Was the Vietnam War in the best interest of the American People?” This question has the potential to generate a variety of thoughtful responses and classroom discussions.
Therefore, a research question is discussed above.
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Michigan State Figurine Inc. (MSF) sells crystal figurines to Spartan fans. MSF buys the figurines from a manufacturer for $20 per unit. They send orders electronically to the manufacturer, costing $34 per order and they experience an average lead time of seven days for each order to arrive from the manufacturer. Their inventory carrying cost is 20 percent. The average daily demand for the figurines is three units per day. They are open for business 250 days a year. The supplier decides to offer a volume discount. They will sell the crystal figurines at $10 per unit for orders of 375 units or more. Answer the following questions:
a. How many units should the firm order each time? Assume there is no uncertainty at all about the demand or the lead time. (Round your answer to the nearest whole number.)
b. How many orders will they place in a year?
c. What is the average inventory?
d. What is the annual ordering cost?
e. What is the annual inventory carrying cost?
Answers
a. 96 units should the firm order each time.
b. Approx 5 orders will they place in a year.
c. The average inventory is 48 units.
d. The annual ordering cost is $291.67.
e. The annual inventory carrying cost is $297.60.
Cost (C) = $31 per unit
Ordering cost (Co) = $56
Lead time (L) = 6 days
Inventory carrying cost (Cc) = 20% of cost = 20% of $31
Inventory carrying cost (Cc) = $6.20
Average daily demand (d) = 2 units per day
Number of working days = 250 days a year
Annual demand (D) = Daily demand x Number of working days
Annual demand (D) = 2 x 250 = 500 units
(a) Order quantity:
The order quantity, also known as the Economic Order Quantity (EOQ), can be calculated using the formula below.
Order quantity = √(2 × D × C(o))/C(c)
Order quantity = √{(2 × 500 × 56)/6.20}
Order quantity = 95.04
Order quantity = 96 units(approx)
(b) Number of orders:
The Number of orders is calculated as,
Number of orders per year = Annual Demand/EOQ
Number of orders per year = 500/96
Number of orders per year = 5.21
Number of orders per year = 5 approx
(c) Average Inventory:
The formula below can be used to calculate average inventory.
Average inventory = EOQ/2
Average inventory = 96/2
Average inventory = 48 units
(d) Annual ordering cost:
The following calculation is used to determine the annual ordering cost:
Annual ordering cost = Number of orders per year × Ordering Cost
Annual ordering cost = 5.21 × 56
Annual ordering cost = $291.67
(e) Annual inventory carrying cost:
The following formula is used to calculate the annual inventory carrying cost:
Annual inventory carrying cost = Average inventory × Carrying Cost
Annual inventory carrying cost = 48 × 6.20
Annual inventory carrying cost = $297.60
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The difference between the lower class limits of adjacent classes provides?
Answers
Answer:
C
Explanation:
Accounts receivable $29,500
Long-term notes payable $20,000
Accounts payable 13,500
Office supplies 4,800
Buildings 48,000
Prepaid insurance 4,680
Cash 7,900
Unearned services revenue 6,000
Required:
Compute Chavez Company's current ratio using the above information.
Answers
Answer:
Company's current ratio is 2.4
Explanation:
Current ratio = Current assets / Current liability
Current ratio = 46,880/19,500
Current ratio = 2.404 =2.4
WORKINGS
Current assets:
Account Receivable= 29,500
Office supplies 4,800 (Assuming they are stocks of supplies)
Prepaid insurance 4,680
Cash 7,900
Total current assets=46,880
Current liabilities
Account Payable 13,500
Unearned services revenue 6,000
Total current liability= 19,500
Discussion Topic
Think of an unanticipated major expense that you might face in the next five years.
Discuss how you will ensure that it does not devastate you financially.
Answers
Answer:
An unanticipated major expense that might happen in the next five years would be my car breaks down. I can ensure this inconvenience does not devastate me financially by starting a savings account. Starting a savings account can and will help me in times of need. I can't access the money unless if I really need it.
Explanation:
the Answer:
Examples are groceries, the electric bill, fuel bills, taxes and insurance to mention a few. Unexpected expenses are those expenses you did not see coming. An example would be going for the inspection of your car and not passing because there is something that must be repaired.
Explanation:
Imagine the products are in decline and recommend an extension strategy for each one. Make sure you explain your
A Galaxy chocolate bar
Candy Crush mobile app.
Evian water
Ferrari world.
Answers
All of these products should use a rebranding extension strategy.
Once a product reaches maturity and the market is saturated, it gradually starts to decline.
Because of this, one approach to lengthen the life of a product strategy is to always seek out ways to make it better, different, and even stand out from similar products that have already hit the market.
Rebranding, offering discounts, and looking for new markets are all examples of extension strategy methods. Rebranding is the process of giving an existing product a fresh look and feel in order to set it apart from the competition. For instance, a cosmetics company might provide additional brushes, blenders, or sponges.
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Question 1: Refer to lecture PowerPoint slides on organizational culture and discuss how Noor bank transformed on seven dimensions?
Seven dimensions are
Detail-oriented
Innovative
Aggressive
Outcome-oriented
Stable
People-oriented
Team-oriented
Answers
Noor Bank, a UAE-based Islamic bank, underwent a significant transformation across seven dimensions to enhance its competitiveness in the market.
The first dimension was customer-centricity, where the bank focused on delivering personalized experiences to customers through digital channels. The second was innovation, where the bank introduced new products and services such as mobile banking and digital payments to cater to the evolving needs of customers.
The third was operational efficiency, where the bank streamlined its processes to reduce costs and improve productivity.
The fourth dimension was risk management, where the bank implemented a robust risk management framework to mitigate potential risks. The fifth was talent management, where the bank invested in employee training and development to build a high-performing workforce.
The sixth was sustainability, where the bank demonstrated its commitment to social and environmental responsibility through various initiatives.
Finally, the seventh dimension was collaboration, where the bank formed partnerships with other institutions to expand its reach and offerings. Through these transformations, Noor Bank has become a leading player in the UAE's banking industry and continues to innovate and grow.
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Complete question is:
Discuss how Noor bank transformed on seven dimensions?
Which site is the best online cricket id provider?
Answers
When it comes to finding an online cricket ID provider, there are many choices available. One of the most popular choices is the MyCricket ID provider. MyCricket ID offers users a free online cricket ID, which includes access to the MyCricket portal, with news and fixture updates, a MyCricket ID Community with support and discussion forums, exclusive offers and discounts, and access to the MyCricket ID Mobile app.
MyCricket ID provides users with a unique set of stats, tracking and analysis tools, as well as a range of custom cricket ID cards to choose from. They also allow users to create their own customized cricket ID cards, complete with a picture, name, cricket team and statistics of choice. This provides users with the ability to personalize their cricket ID, and use it for all of their cricket-related activities.
Other good providers to consider include the Cricket ID Pro, which provides users with a comprehensive set of personalized cricket ID cards, and the Cricket ID Services, which has a range of professional cricketing services, such as matchday analysis and commentaries. Whatever you choose, an online cricket ID provider will provide you with the tools and services you need to make the most out of your cricketing career.
1. A department is looking for an entry-level cashier. One of the job applicants is a cashier with 30 years of experience as a cashier. The department manager feels that this candidate is overqualified for the job and is likely to be bored and leave the job in a short time. Instead, they want to pursue a candidate with 6 months of work experience who seems like a better fit for the position.
Answers
The candidate with 6 months of experience shall be hired by the department for the position as an entry-level cashier.
Who is cashier?A cashier is a professional who has expertise in managing the cash inflows and outflows of an organization and deal with the cash transactions of an organization on a daily basis.
A cashier who has 6 months of experience be more suitable for such role in the department, and will also take lesser pay than the one with 30 years of experience.
Hence, it may be concluded that the cashier with less experience will be a suitable one to be hired at the position as such.
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What is the formula for wacc?
Answers
Answer:
See attached image.
Explanation:
