The fact that Castle company Cooke produces as well as packages Dole pineapple goods in Hawaii most likely results from the region's affordable energy.
The given statement is False.
What is affordable energy?Nuclear energy offers minimal fuel costs and produces no carbon dioxide. Fuel expenses and emissions from solar and wind energy are nonexistent. Fuel costs are one factor, but each innovation has other expenses.
How does production management work?Monitoring and enhancing the effectiveness of the processes, supplies, human capital, and financial resources used to manufacture things is the goal of production management. Depending on the industry, production results can differ. A production manager makes sure that production meets the intended output goals and is completed on schedule and within budget.
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Use the information below to answer questions 7-10 Mandated Company Ltd has established the following inventory levels for his manufacturing establishment: Normal usage Minimum usage Maximum usage Economic Order Quantity (EOQ) Delivery period 7. What is the re-order level? 20,000 units /day 12,000 units /day 26,000 units /day 100,000 units 26-30 days
The re-order level can be calculated by adding delivery period to the time it takes to receive an order. Therefore, the re-order level is 806,000 units.
What is re-order level?Re-order level is a term used in inventory management that refers to the minimum quantity of a product that a business needs to have on hand before placing a new order. It is also known as the reorder point or the minimum stock level. The purpose of setting a re-order level is to ensure that a business never runs out of stock, which could lead to lost sales and unhappy customers. The re-order level is determined by considering various factors such as lead time, demand variability, and safety stock. It is calculated by subtracting the lead time demand from the desired service level and adding the safety stock. By setting a re-order level, businesses can optimize their inventory management, reduce the risk of stockouts, and ensure they always have enough product to meet customer demand.
Re-order level = Maximum usage × (Delivery period + Time to receive an order) - Minimum usage
Re-order level = 26,000 units/day × (28 days + 5 days) - 12,000 units/day
Re-order level = 26,000 units/day × 33 days - 12,000 units/day
Re-order level = 818,000 units - 12,000 units/day
Re-order level = 806,000 units
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Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.
Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.
‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s company. They are fast and have a great reputation for products and services. The price is good and they are willing to customize the stationary, with no additional cost to us. Anyway, Nicholas was always too busy to meet. I emailed him the contract and my teams thoughts on how we should proceed hoping he would read it.’ My team consists of the Accounts/Finance Manager, Inventory Manger, Legal, Research & Development, Public Relations Manager and I, and we meet at different times and days, whether collectively or selectively.
‘Anyway we, Nicholas and I, met with the supplier this morning. We are going through the contract, the next thing I know Nicholas says, ‘This won’t work for us. The cost is too high. Where did these calculations come from?’ ‘If the floor had opened up and swallowed me I could have not been more embarrassed. I mean I spent three weeks, working on it with the team Accounting, PR and Legal! Joseph shaking his head continued, ‘he just took over the conversation. I mean we got the contract signed but in the end all that happened was that the figures were rearranged we still end up paying the same.’ ‘I am tired of this foolishness. He stays locked in his office on his cell every day. Only God knows what he does in there.’
1. Do you believe that Nicholas is an unethical manager? Justify your response by choosing one of the ethical decision making concepts outlined in unit 2 to argue/support your writing.
2. From the chosen ethical decision making concept selected by you in question 1, show its relationship to any one of the variables in an analytical tool, outlined in unit 1, read.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior. It appears that Nicholas did not take the time to review the contract or the team’s thoughts, but still took over the conversation with the supplier and changed the figures. This behavior could be seen as a violation of the ethical principle of fairness, which involves treating others in a reasonable, equitable, and impartial way. Nicholas’ actions suggest that he did not give due consideration to the team’s input or their efforts to finalize the contract, which could affect their working relationship and trust in him as their manager.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business. Fairness is based on the idea of treating all stakeholders equitably and impartially, taking into account their needs, interests, and perspectives. In this case study, Nicholas’ actions appear to violate the principle of fairness by disregarding the efforts of Joseph and his team to finalize the contract, and making unilateral changes without adequate review or discussion.
To analyze this situation using an analytical tool, we can use the Stakeholder Mapping tool, which helps to identify and categorize stakeholders based on their level of interest and power. In this tool, stakeholders are divided into four categories: High power/high interest, High power/low interest, Low power/high interest, and Low power/low interest. In this case, Joseph and his team are the stakeholders with high power and high interest in the situation, as they are responsible for finalizing the contract.
Using the Stakeholder Mapping tool, we can see that Nicholas’ actions have the potential to undermine the trust and collaboration of high power/high-interest stakeholders, who are critical to the success of the project. Specifically, his actions may cause frustration, resentment, and loss of confidence in his management ability. This could result in a breakdown of communication and cooperation, which would ultimately affect the team’s performance and the overall success of the project. Therefore, it is important for Nicholas to consider the perspectives and input of all stakeholders, including those with high power and high interest, when making decisions that affect them. By doing so, he can ensure that his decisions are ethical, fair, and aligned with the needs of all stakeholders.
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Using Activity Based Costing, calculate the rate for each cost driver.
13 marks b) Using activity based budgeting, prepare a budgeted yearly operating statement for
Aero3D Ltd. Show the following separately, within the statement.
i. The budgeted output for each product per year;
ii. The contribution to profits for each product and in total before charging activity based costs;
iii. The profit for each product and in total after charging activity based costs but before charging core costs (non-activity based costs);
iv. The total profit after charging core based costs.
i. Budgeted output for each product per year is XS PRO: 3,400 units and POLYX: 1,800 units
ii. Contribution to profits for each product and in total before charging activity-based costs are XS PRO: £561,000 + POLYX: £379,800 (£940,800)
iii. Profit for each product and in total after charging activity-based costs but before charging core costs are XS PRO: Profit after activity-based costs and POLYX: Profit after activity-based costs
iv. Total profit after charging core costs: Total profit after charging core costs
How did we arrive at these values?To calculate the rate for each cost driver using Activity Based Costing (ABC), divide the total cost of each cost pool by its respective cost driver.
a) Calculation of rates for each cost driver:
1. Condensing machine:
Rate = Total cost of condensing machine / Number of production batches
Rate = £450,000 / 60
Rate = £7,500 per batch
2. Shaping machine:
Rate = Total cost of shaping machine / Shaping machine hours
Rate = £130,000 / (3,400 × 0.50 + 1,800 × 0.70)
Rate = £130,000 / 2,400
Rate = £54.17 per shaping machine hour
3. Manual handling of material:
Rate = Total cost of manual handling of material / Weight of material handled
Rate = £55,000 / (3,400 × 1.2 + 1,800 × 1.4)
Rate = £55,000 / 7,040
Rate = £7.80 per kilogram of material handled
b) Budgeted yearly operating statement for Aero3D Ltd:
i. Budgeted output for each product per year:
- XS PRO: 3,400 units
- POLYX: 1,800 units
ii. Contribution to profits for each product and in total before charging activity-based costs:
Contribution per unit = Selling price - Direct material cost - Direct labor cost
- XS PRO: £175 - £8 - £2 = £165 per unit
- POLYX: £225 - £10 - £4 = £211 per unit
Contribution before activity-based costs:
- XS PRO: £165 × 3,400 = £561,000
- POLYX: £211 × 1,800 = £379,800
Total contribution = £561,000 + £379,800 = £940,800
iii. Profit for each product and in total after charging activity-based costs but before charging core costs:
Cost breakdown per unit:
- XS PRO:
- Condensing machine cost = Rate (Condensing machine) × Number of production batches
- Shaping machine cost = Rate (Shaping machine) × Shaping machine hours
- Manual handling cost = Rate (Manual handling of material) × Weight of material handled
Total cost per unit = Direct material cost + Direct labor cost + Condensing machine cost + Shaping machine cost + Manual handling cost
- POLYX:
- Condensing machine cost = Rate (Condensing machine) × Number of production batches
- Shaping machine cost = Rate (Shaping machine) × Shaping machine hours
- Manual handling cost = Rate (Manual handling of material) × Weight of material handled
Total cost per unit = Direct material cost + Direct labor cost + Condensing machine cost + Shaping machine cost + Manual handling cost
Profit after activity-based costs but before core costs:
- XS PRO: Selling price - Total cost per unit
- POLYX: Selling price - Total cost per unit
iv. Total profit after charging core costs:
Total profit = Total contribution - Core costs
Since the core costs are given as a fixed amount and not linked to any activity or cost driver, they are not allocated using the ABC method.
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1. Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
(a) None of the homes are owned by Agent Ryan
(b) Ryan discloses to Broker Bradley that he will show homes listed by XYZ Realty
(c) Delia gives verbal consent to see homes listed by XYZ Realty
(d) Delia has given written Intermediary consent
Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
Delia has given written Intermediary consent Delia gives verbal consent to see homes listed by XYZ Realty None of the homes are owned by Agent RyanWhen can homes be shown in the marketDelia gives verbal consent to see homes listed by XYZ Realty: This condition highlights the significance of Delia's consent. If Delia explicitly gives verbal consent to Ryan, it signifies that she is comfortable with viewing homes listed by XYZ Realty. Delia's consent is crucial in allowing Ryan to proceed with showing homes from XYZ Realty.
(d) Delia has given written Intermediary consent: This condition specifically refers to written consent in the form of an intermediary agreement. In some cases, Delia may choose to engage Ryan as an intermediary, authorizing him to show homes listed by multiple brokers, including XYZ Realty.
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Tger trade has the following cash transactions for the period
Accounts Amounts
Cash received from sale of products to customers $37,500
Cash received from the bank for long-term loan 42,500
Cash paid to purchase factory equipment 47,500
Cash paid to merchandise suppliers 11,500
Cash received from the sale of an unused warehouse 12,500
Cash paid to workers 23,500
Cash paid for advertisement 3500
Cash received for sale of services to customers 27,500
Cash paid for dividends to stockholders 5500
Assume the balance of cash at the beginning of the period is S4,500.
Required:
Calculate the ending balance of cash.
Answer:
Cash at the ending of the year IS $33,000
Explanation:
Cash flow from operating activities
Cash inflows: $ $
From sale of product to customers 37500
From sale of services to customers 27500
Cash outflows:
For merchandise supplies (11500)
For workers (23500)
For advertisements (3500)
Net cash flow from operating activities A 26,500
Cash flow from investing activities
Purchase factory equipment (47500)
Sale of warehouse 12500
Net cash flow from investing activities B (35000)
Cash flow from financing activities
Borrow from bank 42500
Pay dividends (5500)
Net cash flow from financing activities C 37,000
Net increase in cash (A+B+C) 28500
Cash at the beginning of the year 4500
Cash at the ending of the year $33,000
Jill is a warehouse clerk at a big-box appliance store. Which step should Jill take first if she wants to
transition into a management position?
Select an answer:
She should pursue a degree in information technology.
She should look for opportunities to be promoted.
She should search for a company involved with supply chain management.
She should ask to be transferred to the sales floor.
Managerial positions are roles in which someone oversees the task capabilities of some other individual or a group of people. Managers also might oversee the operation of a particular characteristic inside a company's senior-stage
Managers possess the knowledge and understanding of manual supervisors of their roles. due to the fact this position is a stage up from the function of a manager, the extent of responsibility increases in a broader scope. The senior identity typically follows the manager's heritage, where they oversee their branch.
If the manager is a high-ranking identity, then an assistant manager may have authority. but, in a few businesses, an Assistant supervisor may be one that oversees operations, executes strategies, and helps personnel while not having direct authority over the personnel.
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Problem solving is best defined as what?
Explanation: The clinic nurse understands that problem solving is best defined as: Identifying the gap between "what is" and "what should be." The risk manager wants to evaluate the reasons for an increased number of falls on the rehab unit.
Answer:
its c
Explanation
What is revising?
please help ur gurl out
Revising is the process of reviewing and changing a piece of writing to improve its overall clarity, coherence, and effectiveness. This can include making changes to the structure, organization, tone, word choice, and grammar of a piece of writing. The goal of revising is to ensure that the message of the writing is clear, concise, and effective in communicating the intended meaning to the reader.
Cullumber Company uses a periodic inventory system and reports the following for the month of June.
What is the weighted-average unit cost ?
For the month of June, Cullumber Company reports using a periodic inventory system. The weighted-average unit cost is $10.117, or $951 ÷ 94.
How do periodic inventory systems record inventory?All purchases made between physical inventory counts are recorded in a purchases account under the periodic inventory system. After a physical inventory count, the balance in the purchases account is moved into the inventory account, where it is rebalanced to match the cost of the finished inventory. Simply put, to determine the weighted average, all data set values must first be multiplied by their respective weights. After that, add up the products that resulted and divide by the total weights. While managing rates, one will as a rule observe that the amount of loads is equivalent to 1 or 100 percent.
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Which statement about small businesses is true?
Answer:
The first job for most Americans is likely to be in a small business.
Explanation:
48% of Americans work in small businesses.
There are 31.7 million small businesses in the US.
Small businesses make up about 50 percent of the GDP.
Small businesses actually employ about tow thirds of private sector employees.
The statement that the first job for most Americans is likely to be in a small business is true.
What is a small business?Small businesses operate on a smaller scale, requiring less capital, fewer employees, and fewer machines to operate. The kind of industries or small businesses that generate goods and services on a small scale are known as industries. These industries are crucial to the growth of a nation's economy. The owner either makes a single investment in machinery, businesses, and plants, or opts to lease or hire these items. Less than one crore is invested in these sectors. Paper, toothpick, pen, bakeries, candles, local chocolate, and other small-scale enterprises are a few examples. These businesses are typically located in urban areas as a separate entity.
While small businesses can often implement the same quality management systems as larger corporations, they may face unique challenges along the way. Small businesses, for example, typically have fewer human resources and less upfront capital to devote to quality initiatives. In a smaller business, however, upper management commitment and accessibility may be stronger, and internal communications may be more straightforward.
Small business personnel's perceived values tend to become common factors in their behavior and can become important factors that generate good long-term performance. Upper management can make a significant contribution to small business culture development if they can express values and ideas to help guide personnel efforts.
The struggle for organizational excellence may be particularly challenging for many small organizations due to constrained resources and competing agendas. The Baldrige self-assessment form is a great addition to the standard SWOT (strengths, weaknesses, opportunities, and threats) analysis for small business owners launching a quality program.
Organizational values are ideas that characterize a specific aspect of the culture and are communicated through ideas like values, mission, vision, policies, and objectives. Usually, the leadership establishes these ideas, and then the staff members accept them.
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A local corporation is sponsoring a scholarship competition in your high school. Part of the evaluation is based on a personal presentation before the committee. You will create three slides for a presentation about who you are and why you should be considered for the scholarship. Write bullet points for the information that you would include.
Answer:
Slide 1: Introduction
- Start with a catchy sentence that captures the committee's attention and introduces yourself briefly.
- Explain why you are excited about applying for the scholarship and what it means to you.
- Mention your academic background, major, and interests.
Slide 2: Main body
- Provide examples of your achievements, skills, and experiences that show your preparedness and potential for the scholarship.
- Highlight how your values align with the organization's mission and goals.
- Explain how the scholarship will help you pursue your academic and career aspirations.
Slide 3: Conclusion
- Summarize your main points and remind the committee of your strengths and uniqueness.
- Express your gratitude for the opportunity and your enthusiasm for joining the organization.
- End with a call to action or a question that invites further discussion.
Ethics Student Activity Packet
In this lesson, you will learn to:
- Define what ethics is
- Explore some of the ethical dilemmas our society faces, such as those posed by self-driving cars
- Analyze a number of ethical dilemmas and recommend how the people in these situations should proceed
NOTE: Vocabulary for this unit can be found in the NGPF Personal Finance Dictionary
RESOURCES
Discussion Prompts
Write your responses to the questions. Then, share what you wrote with your classmates or a partner.
QUESTIONS
1. How do you know if a behavior or action is right or wrong?
A behavior or action is right or wrong due to the fact that it is a specific kind of action, that tends to fits in with some principles or rules, and can also say the behavior is right or wrong due to the fact that it brings about good or negative consequences.
How do we know good and bad behavior?We must first comprehend what we mean when we speak about right and wrong in order to taken in how to acquire moral understanding.
Therefore, one can make use of Conscience-Based Action: Ethical Knowledge. It is seen as a more prevalent viewpoint that exists that is not too dissimilar from that. It is the notion that by paying attention to our conscience, we can determine what is morally right and wrong. What determines whether anything is right or wrong is that still, small voice within of us.
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Which of the following is NOT a step in the basic selling process?
make a connection
recite product features
personalize service
assess needs
From the options given recite product features is not a step in the basic selling process
What is the basic selling process about?The series of steps a salesperson takes to find and approach prospects, give a sales presentation, address objections, and close a sale is known as the selling process
Prospecting, planning, approaching, presenting, addressing objections, closing, and following up are often involved in the process .The technique may be applied to the majority of selling scenarios, including non-product selling.
The objective is to persuade the consumer that the product or service can satisfy their demand and to establish long-term customer relationships.
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What is an example of bad persona in customer analystics.
Answer:
The answer is a bad persona that has a lower income bracket that can afford your market
An example of a bad persona in customer analytics would be creating a persona that is based on stereotypes or assumptions about a particular group of people, rather than actual data and research.
How can it be exemplified?For instance, if a company assumes that all millennials are tech-savvy and interested in buying only the latest and greatest products, they may create a persona based on these assumptions. This persona may not accurately represent the true diversity of the millennial population, which includes individuals with a wide range of interests and preferences. Additionally, this persona may not be backed up by data, leading the company to make incorrect assumptions about their millennial customers.
By relying on inaccurate or incomplete personas, companies may fail to truly understand their customers, leading to ineffective marketing campaigns and subpar customer experiences. This can ultimately lead to decreased customer satisfaction, reduced loyalty, and negative impacts on the company's bottom line.
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HUL as an organization wants to analyze the market growth versus market share of its
product portfolio. Consider any top four performing product categories. Which matrix can
be utilized for the same? Define which strategy can be used by each quadrant.
The BCG Matrix can be utilized to analyze the market growth versus market share of HUL's top four performing product categories.
Which strategy can be used by each quadrant in the BCG Matrix?In the BCG Matrix, the four quadrants represent different product categories based on their market growth and market share. The quadrants are:
Stars: These are products with high market share in high-growth markets. HUL should adopt a strategy of investing in stars to maintain and increase their market share and continue capitalizing on the growth potential of these categories.Cash Cows: These are products with high market share in low-growth markets. HUL should adopt a strategy of maximizing the profitability of cash cows by extracting as much cash as possible from these categories while minimizing investment.Question Marks: These are products with low market share in high-growth markets. HUL should adopt a strategy of either investing to improve their market share and turn them into stars or consider divestment if they are not performing well.Dogs: These are products with low market share in low-growth markets. HUL should adopt a strategy of either divesting or repositioning these products to improve their market share or exit these categories altogether.By analyzing the market growth and market share of their product portfolio using the BCG Matrix, HUL can make informed decisions regarding resource allocation, investment priorities and overall product strategy for each category.
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When poor performance is attributed to a lack of knowledge, team members are most likely to respond by
It should be noted that when poor performance is attributed to a lack of knowledge, it's important to undergo training.
What is training?Training simply means the act of teaching an individual a particular skill. This is necessary in organizations to achieve the goals.
When poor performance is attributed to a lack of knowledge, team members are most likely to respond by undergoing training. This will give them the required knowledge.
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Rank order the four groups of leadership traits in order of importance: personality, demographic, task competence and interpersonal attributes. Please help
The Rank of four groups of leadership traits in order of importance would be Interpersonal attributes>Personality>Demographics>Task competence .
Interpersonal skills: a definition.Interpersonal skills are often referred to as social skills, people skills, and social intelligence. They include correctly interpreting the signals that other people provide in order to come up with effective responses. The simple act of interacting with others allows people to regularly display their interpersonal skills.
What is personality?A person's personality is made up of a variety of their distinctive ideas, sentiments, and actions. Characteristic, enduring actions and emotions are known as personality characteristics.
What is a demographic?The characteristics of a population that have been classified according to certain criteria, such as age, gender, and income, are known as demographics.
Define task proficiency.A person's task skills are a mix of their general abilities, knowledge, talents, and expertise that allow them to complete a variety of tasks.
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According to the extract, entrepreneurial activity includes developing and launching new businesses and marketing them, often with the end goal of selling the business to turn a profit. Based on this, indicate a product or service you plan to start a business with. Explain how you generated the business idea and determined the feasibility of the idea.
Developing a profitable company idea involves imagination, investigation, and cautious preparation.
How business idea is generated and its feasibilityTo generate a business idea, consider your interests, skills, and knowledge. Think about problems that you or others face in your daily life and whether there are potential solutions that could be turned into a business. Research the market to see if there is demand for the product or service you are considering and whether there are existing competitors.
To determine the feasibility of your business idea, conduct a thorough analysis of the potential costs and revenue streams. Create a business plan that outlines your goals, marketing strategy, and financial projections. Consider seeking advice from experts in your industry or consulting with a business mentor. It is also important to assess any legal or regulatory requirements that may apply to your business.
Overall, generating a successful business idea requires creativity, research, and careful planning. By considering your interests, skills, and market demand, you can identify a potential product or service that meets a need and has the potential to be profitable. With thorough analysis and planning, you can determine the feasibility of your idea and take steps towards launching a successful business.
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Knowing the components and consequences of equity theory, one solution for managers looking to restore equity is
Complete Question:
Knowing the components and consequences of equity theory, one solution for managers looking to restore equity is
A) to provide training opportunities to employees
B) to reduce employee inputs
C) give employees more responsibility
Answer:
Knowing the components and consequences of equity theory, one solution for managers looking to restore equity is
A) to provide training opportunities to employees.
Explanation:
The equity theory is a motivation theory with the idea that what an employee receives for their work affects their motivation. This means an employee will generally attempt to strike a balance between what they give to the organization and what they get in return. Since employees are expected to give more to their organizations, managers should provide more training opportunities to their employees as a way of restoring equity.
Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation:
Acquired $32,000 cash from the issue of common stock.
Borrowed $38,000 cash from National Bank.
Earned cash revenues of $50,000 for performing services.
Paid cash expenses of $46,000.
Paid a $1,200 cash dividend to the stockholders.
Acquired an additional $22,000 cash from the issue of common stock.
Paid $10,000 cash to reduce the principal balance of the bank note.
Paid $55,000 cash to purchase land.
Determined that the market value of the land is $77,000.
Determine the amount of total assets that Maben would report on the December 31, Year 1, balance sheet.
The percentage of assets that were provided by investors, creditors, and earnings is $84,800.
What is investors?An investor is any individual or other entity such as a business or mutual fund who invests money with the hope of making a profit.
A technique for company improvement called the Investors in People Standard aims to boost an organization's performance through its workforce. The management and growth of an organization's workforce aids in performance improvement and the achievement of goals.
Calculation-
Balance sheet
assets = liability + stockholder's earning,
Cash+land = notable payable+common stock+retained earning
$29800+$55000=$28000+$54000+$2800.
$84800=$84800
Income statement
Revenue-expenses =net income
$50000-$46000=$4000
Thus, it is $84,800.
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The working note and solution is attached-
Which scenario describes the highest level of productivity?
A. Producing 50 chairs using resources that cost $400
B. Producing 15 chairs using resources that cost $150
C. Producing 5 chairs using resources that cost $100
D. Producing 100 chairs using resources that cost $200
The scenario that describes the highest level of productivity is option D. Producing 5 chairs using resources that cost $100. Calculating the highest productivity:
For A. The cost should be $400 for 50 chairs so per chair should be = $400 ÷ 50 = 8. For B. The cost should be $150 for 15 chairs so per chair should be = $150 ÷ 15 = 10. For C. The cost should be $100 for 5 chairs so per chair should be = $100 ÷ 5 = 20. and For D. The cost should be $200 for 100 chairs so per chair should be = $200 ÷ 100 = 2
What is productivity?Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time.
Therefore, the correct answer is option D.
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Unemployment that occurs when worker's skills do not match the jobs that are available.
a. seasonal unemployment
c. cyclical unemployment
b. structural unemployment
d. frictional unemployment
Answer:
b. structural unemployment
Unemployment that occurs when worker's skills do not match the jobs that are available is called structural unemployment. Thus, its B.
What is Unemployment?Unemployment refers to the condition of an individual who is able and willing to work, but is unable to find a job. Unemployment can have a range of negative impacts on individuals, families, and communities, including financial hardship, social isolation, and reduced quality of life.
Unemployment is typically measured and reported by national statistical agencies, using various measures of unemployment, such as the unemployment rate, labor force participation rate, and the number of individuals seeking employment.
Governments and policymakers often implement various policies and programs to address unemployment, such as job training and education programs, unemployment insurance, and economic stimulus measures.
These efforts aim to create jobs and reduce unemployment, which can help to improve the overall health and stability of the economy and society.
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1. Prepare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $25,000 based on the belief that it would increase that division's sales by 16%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented
Answer: Hello your question is incomplete below is the complete question
answer :
1) attached below
2a) Increases by $25,176
Explanation:
1) Attached below is the contribution format income statement
2a) Determine by how much the net operating income will change
monthly advertising increment = $25,000
Assumed increase in division's sales = 16%
first step : determine increment in contribution margin of west division
= 313,600 * 0.16 = 50,176
change in net operating income = 50176 - monthly advert increment
= 50176 - 25,000 = $25,176 ( increases )
Presented below are a number of operational guidelines and practices that have developed over time. Select the assumption, principle, or constraint that most appropriately justifies these procedures and practices.
a. Fair value changes are not recognized in the accounting records.
b. Financial information is presented so that investors will not be misled.
c. Intangible assets are amortized over periods benefited.
d. Agricultural companies use fair value for purposes of valuing crops.
e. Each enterprise is kept as a unit distinct from its owner or owners.
f. All significant post-balance-sheet events are disclosed.
g. Revenue is recorded when the product is delivered.
Answer:
a. Fair value changes are not recognized in the accounting records.
Appropriate Selection: Historical Cost Principle
b. Financial information is presented so that investors will not be misled.
Appropriate Selection: Full Disclosure Principle
c. Intangible assets are amortized over periods benefited.
Appropriate Selection: Expense Recognition Principle
d. Agricultural companies use fair value for purposes of valuing crops.
Appropriate Selection: Measurement Principle
e. Each enterprise is kept as a unit distinct from its owner or owners.
Appropriate Selection: Economic entity assumption
f. All significant post-balance-sheet events are disclosed.
Appropriate Selection: Full Disclosure Principle
g. Revenue is recorded when the product is delivered.
Appropriate Selection: Revenue Recognition Principle
Terry Dactel is considering the purchase of an asset having the following cash flows (in 000's):CF Prob.5 20%12 30%18 30%20 20%What is the asset’s standard deviation (in 000's)?
Answer: b. $5.4
Explanation:
First calculate the Expected return;
Expected cashflow = ∑ (Probability of cashflow * cashflow)
Expected cashflow = (5 * 0.2) + (12*0.3) + (18*0.3) +(20*0.2)
=$14
Standard deviation = √∑ [Probability * (CF - Expected CF)^2]
Standard deviation= √[(0.2*(5 - 14)^2) + (0.3*(12-14)^2) + (0.3*(18-14)^2) + (0.2*(20-14)^2)
Standard deviation = $5.4
operations management course concept
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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Explain how each of the following events would affect the equilibrium price and quantity of new textbooks. (Explain which curve(s) would shift and in which direction(s).)
The events that would affect the equilibrium price and quantity of new textbooks include changes in production costs, shifts in student enrollment, changes in government policies etc.
How do these events impact the equilibrium price and quantity?The changes in production costs will shift the supply curve of new textbooks. If production costs increase, the supply curve would shift to the left resulting in decrease in the equilibrium quantity and an increase in the equilibrium price.
But if production costs decrease, the supply curve would shift to the right leading to an increase in the equilibrium quantity and a decrease in the equilibrium price of new textbooks.
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If a contingent liability is reasonably estimable and it is reasonably possible that the contingency will occur, the contingent liability Group of answer choices should be recorded in the accounts. should be disclosed in the notes accompanying the financial statements. should not be recorded or disclosed in the notes until the contingency actually happens. must be paid for the amount estimated.
Answer:
Should be disclosed in the notes accompanying the financial statements
Explanation:
You have to report contingent liabilities that are reasonably possible to occur, but since they haven’t occurred, you don’t record or pay them until they actually occur. You report them in the notes only.
on november 1 concord company received a 2400 6% three month note receivable the cahs to be recieved by concord company when the note becomes due is
In exchange for lending its money or allowing another business to utilize it, an entity receives interest income.
What is Interest Income?The amount of money that an investor invests in a project or venture and receives interest on is known as interest income on a bigger scale. The principal sum is multiplied with the interest rate used, taking into account the number of months or years the money is lent, to create a very basic and straightforward formula.Due to the fact that interest income is a form of income, it is often taxable and is reported on the income statement. "Income from Operations" and "Other Income," the two categories in the income statement, are often listed separately. In this case, the way interest income is presented will primarily depend on how the business's core operations are structured.For instance, interest income would be considered "Income from Operations" if it served as the company's primary source of funding. When a source of income is not the main one, it is categorized as "Other Income" or "Income from Investments."To Learn more About interest income refer to:
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Reese's Resources faces a smooth annual demand for cash of $15 million, incurs transaction costs of $125 every time they sell marketable securities, and can earn 4.5 percent on their marketable securities. What will be their optimal cash replenishment level?
The optimal cash replenishment level is $1.5 million.
Reese's Resources faces a smooth annual demand for cash of $15 million, incurs transaction costs of $125 every time they sell marketable securities, and can earn 4.5 percent on their marketable securities.
Optimal cash replenishment level:To find the optimal cash replenishment level, we can use the Miller-Orr model.
Miller-Orr model is used to determine the optimal cash balance of a company to minimize the cost associated with holding or having a shortage of cash.
It is designed to help companies determine when they should transfer cash in and out of their account to keep the account balance close to a specified target.
The Miller-Orr model considers two costs: the opportunity cost of holding cash and the transaction cost of transferring money from one account to another.
Lower limit = 3 × T × σ / 4 × C = 3 × 10 × 0.5 / 4 × 125 = $0.75 millionUpper limit = 3 × Lower Limit = 3 × 0.75 = $2.25 millionThe optimal cash balance is the average of the upper limit and the lower limit, which is ($0.75 million + $2.25 million) / 2 = $1.5 million.
The company should try to keep their cash balance around $1.5 million to minimize the cost associated with holding or having a shortage of cash.
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