Legitimate Authority. When someone is in a position of authority over others, they have legitimate power." Understanding that you were given this power and that it can be taken away is essential if you have it.
How powerful is leadership?Power as a leader. Using a variety of strategies to push or prompt action, power is the capacity to influence the behavior of other people with or without resistance. Power is the capacity to complete tasks. In order to achieve a goal or objective, people with power are able to influence others' behavior.
When a leader officially gives up power, what is it called?Give it up in favor of abdicate, a powerful word that can annul a coronation. This should be a royal success, perhaps ironically, if you need a term to describe officially giving up.
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which of the following is the mission of the federal reserve bank? i. preserve price stability ii. foster economic growth and employment iii. promote a stable financial system
The mission of the Federal Reserve Bank are:
i. preserve price stability ii. foster economic growth and employment iii. promote a stable financial systemWhat is the mission of the Federal Reserve?The Federal Reserve is the central banking system of the United States and as such, they aim to help the economy is several ways. One is to preserve price stability by managing inflation.
Another is to foster the economic growth of the United States and to keep employment rates high. The Federal Reserve also promotes a stable financial system for businesses and individuals to engage in financial transactions.
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A company reports the following:
Sales $720,510
Average accounts receivable (net) 34,310
Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.
Answer:
Account Receivable turnover-net credit sales/average account recievable
720510/34310 equal to 21
Explanation:
a) The accounts receivable turnover is 20.99
b) The number of days' sales in receivables is 17.4 days.
The accounts receivable turnover can be calculated as
Accounts Receivable Turnover = Sales / Average Accounts Receivable (Net)
Accounts Receivable Turnover = $720,510 / $34,310
Accounts Receivable Turnover = 20.99
(b) The number of days' sales in receivables can be calculated as:
Number of Days' Sales in Receivables = 365 days / Accounts Receivable Turnover
Number of Days' Sales in Receivables = 365 days / 20.99
Number of Days' Sales in Receivables = 17.4 days
Therefore, the accounts receivable turnover is 20.99 and the number of days' sales in receivables is 17.4 days.
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Jack is a self-employed contractor. He uses his Ford F250 in his business. He does not have another vehicle for personal use. He wants to
claim the standard mileage rate for the business use of his pick-up. To do so he must keep records of the following, except:
Choose one answer a. Total mileage during the year
b. Cost of insurance for the pick-up.
c. Business mileage during the year
d. Commuting mileage during the year
For Jack to claim the standard mileage rate for the business use of his pick-up, he is not expected to keep the records of b. Cost of insurance for the pick-up.
Instead, Jack must record the total, business, and commuting mileage for the year. He does not need to record the cost of insurance to claim the standard mileage rate.
Thus, Jack can claim the standard mileage rate for the business use of his pick-up without the record of the cost of insurance.
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Describe at least three exchange rate factors that are likely to attract foreign investors to a country's currency. Explain why these factors are attractive to foreign investors.
Answer: 1. High Interest
2. Low Government Debt
3. Political Stability
Explanation:
Foreign Investors are Investors and investors always like to invest where there are prospects of growth and profit.
High Interest Rates give them the opportunity to invest their money in a currency that will give them a great return because a country where there are high interest rates imparts this on its currency which causes it to rise in value thereby giving currency holders a capital gain.
Another factor is Government Debt. A country with high Government debt will typically be unable to raise funds through the bond market easily. This shortage of funds can lead to inflation which devalues currency causing foreign currency investors to flee.
Finally there is the Political Factor (other factors exist). A stable country politically stands a better chance of maintaining a higher value currency that one with lower political stability. This is because political Stability attracts investors and as more investments come into a country, this reflects in its currency by making it stronger which will attract foreign currency investors.
Refer to Figure 5-1. With reference to Graph A, at a price of $10, total revenue equals:
A. $ 1,000.
B. $ 500.
C. $ 400.
D. $ 200.
Question 8
Refer to Figure 5-1. With reference to Graph A, at a price of $5, total revenue equals:
A. $200.
B. $400.
C. $500.
D. $1,000.
Question 9
Refer to Figure 5-1. Graph B represents a demand curve that is relatively . . Total revenue as the price decreases from $10 to $5.
A. inelastic; decreases
B. elastic; decreases
C. elastic, increases
D. inelastic; increases
According to the Graph A, at a price of $10, total revenue equals $ 400. Graph A, at a price of $5, total revenue equals $ 500. So, the correct option is 1(C), 2(C), 3(A).
What do you mean by the demand curve?A visual illustration of the link between product price and quantity desired in economics. The graph is built with amount demanded on the horizontal axis and price on the vertical axis.
Individual demand curves and market demand curves are the two forms of demand curves. A graphic depiction of the demand timetable is shown.
Here,
(1) With reference to Graph A:-
Price = $10
Corresponding quantity demanded = 40
Total Revenue= Price × Demand
Total Revenue = 10 × 40
Total Revenue = $ 400.
(2) With reference to Graph A:-
Price = $5
Corresponding quantity demanded = 100
Total Revenue= Price × Demand
Total Revenue = 5 × 100
Total Revenue = $ 500
(3) With reference to graph B, the demand is relatively inelastic as there is no major change in the quantity demanded due to greater price change. The total revenue also decrease when price decreases from $10 to $ 5.
Total Revenue at Price $10 = 10*30 = $300
Total Revenue at Price $5 = 5 * 40 = $200
So there is a decrease of total revenue by an amount of $100.
Hence, it represents the inelastic; decreases.
Therefore, from the following statements:
The Graph A, at a price of $10, total revenue equals $ 400. The Graph A, at a price of $5, total revenue equals $ 500. It represents the inelastic; decreases.To know more about the demand curve, visit:
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Below are the simplified current and projected financial statements for Decker Enterprises. All of Decker's assets are operating assets. All of Decker's current liabilities are operating liabilities. Income statement Current Projected Sales na 1,500 Costs na 1,080 Profit before tax na 420 Taxes (25%) na 105 Net income na 315 Dividends na 95 Balance sheets Current Projected Current Projected Current assets 100 115 Current liabilities 70 81 Net fixed assets 1,200 1,440 Long-term debt 300 360 Common stock 500 500 Retained earnings 430 650 If Decker had a financing deficit, it could remedy the situation by a. borrowing from retained earnings b. borrowing on its line of credit c. paying down its long-term debt d. buying back common stock e. paying a special dividend
Answer:
Decker Enterprises
If Decker had a financing deficit, it could remedy the situation by
b. borrowing on its line of credit
Explanation:
a) Data and Calculations:
Income statement Current Projected
Sales na 1,500
Costs na 1,080
Profit before tax na 420
Taxes (25%) na 105
Net income na 315
Dividends na 95
Balance sheets Current Projected Current Projected
Current assets 100 115 Current liabilities 70 81
Net fixed assets 1,200 1,440 Long-term debt 300 360
Common stock 500 500
Retained earnings 430 650
Total assets 1,300 1,555 Liabilities + Equity 1,300 1,591
Shortfall in projected assets = $36 ($1,591 - $1,555)
b) A company cannot borrow from retained earnings to remedy a financing deficit because financial deficits require external financing from stockholders, debt holders, or financial institutions. Ordinarily, options c, d, and e involve cash outflows. They cannot finance a financial deficit.
Which action can derail your financial plan?
A. Avoiding excessive debt
OB. Misuse of credit
O C. Setting long-term goals
OD. Planning for unexpected events
Answer:
OB. Misuse of credit
Explanation:
good luck, let me know if there is anything more i can assist with :)
Answer:
Misuse of credit
Explanation:
The essence of self-management is understanding who you are, what you want in life, what you want to accomplish during your life-long journey, and then making it all happen. This pursuit of your dreams or goals is what drives the self-motivation employers are looking for. How will you apply the principles of self-management on a daily basis?
a) Identify a simple, quick goal to get you started.
b) Take your goals and make long-term, sustainable activities.
c) Create a to-do list for accomplishing your goals.
d) Prioritize the tasks and keep only the high priority ones so you stay focused.
e) Work the plan, but only reward yourself when it is finished.
The best way to apply the principles of self-management daily is by creating a to-do list for accomplishing your goals.
Self-management is a term that refers to the use of any method, skill, and strategy in an autonomous way focused on the achievement of its objectives.
Self-management requires that the person have control over all processes to achieve a goal. Therefore, it must be in charge of the following processes autonomously:
Goal settingPlanningProgrammingFollow-up assignmentsSelf-appraisalSelf-interventionSelf-developmentTo achieve a goal the person must work daily to achieve it, therefore, the best option would be to create a list of pending activities (focused on the objective) and carry them out in a complete and organized way. According to the above, the correct answer is C. because it poses the best alternative for a person's self-management.
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How much money do people without a highschool degree make per year in adverage
Answer: Perhaps unsurprisingly, individuals without a high school diploma or an equivalent (such as a GED) earn the lowest salary compared to all other education levels: $626 per week, or roughly $32,565 per year. These individuals also have the greatest risk for unemployment, with an average unemployment rate of 8.3 percent.
Explanation: hope this helps
Gina loves food almost as much as she likes to make money. When Gina knew that she wanted to own her own business, she decided to open a restaurant. She didn’t know exactly what was involved and wanted some guidance as she developed her business. She contacted a nationally known restaurant xhain and purchased the right to operate her restaurant under the restaurant’s trade name.
Gina needed some guidance while she built her company because she didn't know exactly what was involved. She made contact with a well-known restaurant xhain and paid for the right to use its trade name when operating her own restaurant. So, Gina is following single ownership business.
A sole proprietorship, also known as a Single ownership business, is an unincorporated business with only one owner who is responsible for paying personal income tax on the company's profits. Since it's not essential to register a distinct business or trade name, many sole owners operate under their own identities.
Due to a lack of governmental oversight, a sole proprietorship is the most straightforward type of business to start or dissolve. As a result, consultants, sole proprietors, and other freelancers frequently operate these kinds of enterprises. The majority of small firms begin as sole proprietorships, grow, and then convert to a limited liability entity or corporation. So when Gina contacted a nationally known restaurant xhain and purchased the right to operate her restaurant under the restaurant’s trade name its referred to as single ownership business.
The question is incomplete complete question is:
Gina loves food almost as much as she likes to make money. When Gina knew that she wanted to own her own business, she decided to open a restaurant. She didn’t know exactly what was involved and wanted some guidance as she developed her business. She contacted a nationally known restaurant xhain and purchased the right to operate her restaurant under the restaurant’s trade name. what kind of business do they belong????
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How would implementing the cost-volume-profit analysis benefit a company? As a manager, which income statement format do you find more useful - the traditional financial accounting method or the contribution margin method? Why?
It provides insights into the relationship between sales volume, costs, and profitability, helping managers make informed decisions about pricing, production levels, and cost management.
CVP analysis allows managers to determine the breakeven point, the level of sales needed to cover all costs, and to assess the impact of changes in sales volume, costs, or prices on the company's profitability. This analysis can guide strategic planning, budgeting, and resource allocation.
As a manager, I find the contribution margin method of income statement format more useful than the traditional financial accounting method. The contribution margin method separates costs into fixed and variable components, allowing for a clearer understanding of how changes in sales volume affect profitability.
It highlights the contribution margin ratio, which indicates the proportion of each sales dollar available to cover fixed costs and contribute to profits.
This format enables managers to analyze cost behavior, identify cost-saving opportunities, and evaluate the financial impact of different sales scenarios. It provides a more focused view of the underlying profitability drivers and aids in decision-making related to pricing, product mix, and cost control.
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Oriole Company purchased land as a factory site for $1340000. Oriole paid $115000 to tear down two buildings on the land. Salvage was sold for $8000. Legal fees of $5080 were paid for title investigation and making the purchase. Architect's fees were $46200. Title insurance cost $3500, and liability insurance during construction cost $3800. Excavation cost $15660. The contractor was paid $4400000. An assessment made by the city for pavement was $9900. Interest costs during construction were $256000. The cost of the land that should be recorded by Oriole Company is
Answer: $1465480
Explanation:
The cost of the land that should be recorded by Oriole Company will be calculated as:
Purchase cost = $1340000
Add: Cost to tear down two buildings = $115000
Add: Legal fees = $5080
Add: Title insurance = $3500
Add: Assessment cost = $9900
Less: Salvage = $8000
Cost of the land = $1465480
Therefore, The cost of the land that should be recorded by Oriole Company is $1465480
g Firm ABC has assets of $80, sales of $75, and COGS of $40. Current assets totaling $50 consist of cash, accounts receivable and inventory. Current liabilities are $60. Cash is $20 and accounts receivable is $10. In a common size balance sheet, inventory (stated as a percent) would be equal to:
Answer:
it would be 70
Explanation:
In a common size balance sheet, on the basis of given information the inventory (stated as a percent) would be equal to 25.
What is a balance sheet?A balance sheet is a financial statement that shows a company's assets, liabilities, and shareholder equity at a given point in time. Balance sheets serve as the foundation for calculating investor rates of return and assessing a company's capital structure.
In a nutshell, a balance sheet is a financial statement that shows what a company owns and owes, as well as the amount of money invested by shareholders. Balance sheets can be used in conjunction with other important financial statements to perform fundamental analysis or calculate financial ratios.
The balance sheet provides an overview of a company's finances at a given point in time. It cannot provide a sense of trends over a longer time period on its own. As a result, the balance sheet should be compared to previous periods' balance sheets.
Investors can assess a company's financial health by employing a variety of ratios derived from its balance sheet, such as the debt-to-equity ratio and the acid-test ratio, among many others. The income statement and statement of cash flows, as well as any notes or addenda in an earnings report that may refer back to the balance sheet, provide valuable context for assessing a company's finances.
What is an inventory?Inventory is the accounting of items, component parts, and raw materials that a business uses or sells. You practice inventory management as a business leader to ensure that you have enough stock on hand and to identify when there is a shortage.
The act of counting or listing items is referred to as "inventory." Inventory is a current asset in accounting and refers to all stock in various stages of production. Both retailers and manufacturers can continue to sell or build items if they keep stock. For most businesses, inventory is a major asset on the balance sheet; however, too much inventory can become a practical liability.
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Sam and Dave form an LLC that is taxed just like a partnership or pass through entity. Sam and Dave each own 50% of the
LLC. At the end of the year, the LLC has net income of $100,000. Sam and Dave decide to pay one half of the net income to
themselves as an agreed distribution. The remaining amounts stay in the LLC bank account. As a result
The LLC will pay income and social security tax on $100,000 and Sam and Dave will have to pay a dividend tax of 20% on their
distributions.
The LLC will pay tax on the $100,000 to the IRS as an entity level tax.
Sam will have to pay income and social security tax on $25,000
Dave will have to pay income and social security tax on $50,000
Based on the fact that Sam and Dave decided to pay themselves half of the net income, Dave will have to pay income and social security tax on $50,000.
What will happen to Sam and Dave?When an LLC is formed, it is taxed on a pass-through basis which means that its income is treated as income of its partners as sole proprietors.
This means that the $100,000 net income will be treated as income for the Sam and Dave. Both of them will therefore pay income and social security taxes on $50,000 each which will be their share.
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You and a group of friends are planning to visit a theme park, which charges $60 for admission, $90 for a two-day pass, and $110 for a three-day pass. Your friends are interested in spending a lot of time there, but they’re worried about paying a lot of money. You explain the concept of marginal cost, which helps them see that the additional day is a good value.
The average cost per day of a three-day pass is $_______.
The marginal cost of adding the third day is $_______.
If there are 7 people in your group, the group's marginal cost of switching from the two-day pass to the three-day pass is $________.
Answer:
The average cost per day of a three-day pass is $36.6
To find the average cost, we simply divide the cost of the three-day pass $110, by the number of days:
$110/3 = $36.6
The marginal cost of adding the third day is $20
The marginal cost is the additional cost incurred when adding the third day. We can find it by substracting the cost of the two-day pass from the cost of the three-day pass:
$110 - $90 = $20
If there are 7 people in your group, the group's marginal cost of switching from the two-day pass to the three-day pass is $140
If we assume that the values in the question are per person, then the answer is: $140
$110 * 7 = $770
$90 * 7 = $630
$770 - $630 = $140
2. You now have Birr 2,000,000 in the bank earning interest of .5 percent per month. You need Birr 3,000,000 to make a down payment on a house. You can save an additional Birr 10,000 per month. How long will it take me to accumulate the Birr 3,000,000?
The number of months that it would take me to accumulate the Birr 3,000,000 is 50 months.
How many months would it take to accumulate 3,000,000?The equation that represents the total amount saved :
Total amount =amount invested + total interest earned + total amount earned
Total interest earned = amount invested x time x interest rate
2,000,000 x 0.005 x m = 10,000m
Total amount earned = savings per month x total number of months
10,000m
3,000,000 = 2,000,000 + 10,000m + 10,000m
3,000,000 - 2,000,000 = 20,000m
1,000,000 = 20,000m
m = 50 months
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Hazard mitigation plan preparers must analyze communities to determine the location of future development. What must plan authors do if no new development is anticipated
Answer:
they must state this clearly in the plan and explain how this conclusion was drawn.
Explanation:
Hazard mitigation planning brings about a reduction in the loss of life and property through a reduction in the impact of disasters.
In getting prepared, states and local governments would identify the natural disaster risks that are of concern in their area. If no new development is anticipated, it has to be clearly stated in the plan and an explanation of how this conclusion was drawn should be included.
fill in the blank. suppose the terrific taffy company ran a very successful advertising campaign. economic analysis would suggest that the campaign would cause the equilibrium price to__and the equilibrium quantity to__.
the correct answer to the question above is rise and rise.
If a company ran a very successful advertising campaign it would make the price rise and quantity rise. Because the advertising campaign is successful, it would make people want to buy the products or use the services so which would make the equilibrium price increase and the equilibrium quantity increase too. Advertising make people aware of the brand or products and if it was success it will lead them to buy or use the company products or services.Learn more about advertising impact at: https://brainly.com/question/14100421
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The cost of your favorite coffee is $5 per cup at the coffee shop. The marginal cost of each cup you drink is _____. The first cup of coffee you drink gives you a marginal benefit of $8. The marginal benefit from the second cup is $6, $4 from the third, $2 from the fourth, and $0 from the fifth. You should drink _____ cups of coffee.
The cost of your favorite coffee is $5 per cup at the coffee shop. The marginal cost of each cup you drink is $5. The first cup of coffee you drink gives you a marginal benefit of $8. The marginal benefit from the second cup is $6, $4 from the third, $2 from the fourth, and $0 from the fifth. You should drink two cups of coffee. The correct option is D. $5; two
The marginal benefit from each cup of coffee is as follows:
1. First cup: $8
2. Second cup: $6
3. Third cup: $4
4. Fourth cup: $2
5. Fifth cup: $0
To maximize your utility, you should continue consuming coffee until the marginal benefit is equal to or less than the marginal cost.
In this case, after consuming the first cup of coffee ($8 marginal benefit), the marginal benefit is greater than the marginal cost ($5). Consuming the second cup provides a marginal benefit of $6, which is also greater than the marginal cost. However, after consuming the second cup, the marginal benefit for the third cup is $4, which is less than the marginal cost of $5. At this point, you should stop consuming coffee as the additional benefit is not worth the additional cost.
Therefore, you should drink two cups of coffee. The Correct option is D.
The question was incomplete, Find the full content below:
The cost of your favorite coffee is $5 per cup at the coffee shop. The marginal cost of each cup you drink is _____. The first cup of coffee you drink gives you a marginal benefit of $8. The marginal benefit from the second cup is $6, $4 from the third, $2 from the fourth, and $0 from the fifth. You should drink _____ cups of coffee.
A. $5; three
B. $2; five
C. $0; three
D. $5; two
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Reasonable people debate the ethics of marketing through influencers. We are sometimes led to believe that they use the product they are advertising, and it isn't disclosed that they are being paid for it. What do you think? Is it ethical? Justify your answer.
Balance sheets always show _____.
assets on the left
liabilities and owner’s equity on the left
shareholder’s equity on the left and owner’s equity on the right
none of the above
Answer:
Assets on leftside
Explanation:
Fixed| | Liabilities
current Assets
Think about the different types of teams in organizations and complete the sentences.
The VP of product development led a ___________1___________ of specialists in sales and marketing, manufacturing, and research and development to figure out how to bring new products to market faster in the United States.
When Taco Bell wanted to open many new locations, the company’s leaders knew they would have trouble hiring enough managers. The solution was to train employees to work as ______________2_____________, working together to hire their own colleagues, manage inventory, and do financial reporting.
PART 1
a. cross-functional team
b. self-managed team
c. functional team
d. global team
PART 2
a. virtual teams
b. global teams
c. self-managed teams
d. special-purpose teams
Answer:
1 - a. Cross-functional team
2 - c. Self-managed teams
Answer:
The VP of product development led a cross functional team of specialists in sales and marketing, manufacturing, and research and development to figure out how to bring new products to market faster in the United States.
When Taco Bell wanted to open many new locations, the company’s leaders knew they would have trouble hiring enough managers. The solution was to train employees to work as self managed teams, working together to hire their own colleagues, manage inventory, and do financial reporting.
In 2018, when the Trump administration imposed a 25 percent tariff on imports from China, executives at Walmart sent a letter to U.S.
Trade Ambassador Robert Lighthizer in which they stated, "For lower-income families, a 25% tax on these items would be a serious
burden on household finances."
Source: Tony Garcia, "Walmart, Target Warn That Tariffs Will Raise Prices and Hurt Families," marketwatch.com, September 24,
2018.
Were the Walmart executives correct to consider a 25 percent tariff on imports to be the equivalent of a 25 percent tax on
their customers? Don't foreign firms exporting a good to the United States and not U.S. consumers buying the good have to pay
the tariff? Briefly explain.
A. No, because a tariff is a tax on imports that foreign firms are required to pay.
B. No, because while a tariff' is a tax, it is paid by foreign firms on the total quantity of goods sold to consumers.
C. Yes, a tariff acts like a tax, and just as with a tax, a tariff raises the price of the good the tariff is levied on.
D. Yes, because a tariff is a tax on imports and U.S. consumers pay the tax on the quantities imported.
Scr
2023-
7F1146
5E1-9F3
Option C is the correct answer. Yes, a tariff acts like a tax, and just as with a tax, a tariff raises the price of the good the tariff is levied on.
Why is option C the correct answer?When the U.S. government imposes a tariff on imported goods, it effectively raises the price of those goods for American consumers. The foreign firms exporting the goods are likely to pass on the cost of the tariff to their customers, which would include American retailers such as Walmart. These retailers, in turn, would likely pass on the increased cost to their customers by raising the prices of the goods they sell. This would have the effect of imposing a tax on U.S. consumers who purchase those goods, just as if the government had imposed a tax on those goods directly.
So, Walmart executives were correct to consider a 25 percent tariff on imports as the equivalent of a 25 percent tax on their customers because the increased cost resulting from the tariff would likely be passed on to American consumers in the form of higher prices.
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What is the difference between statistics and business statistics?
Answer:
Statistics is extended part of mathematics were you deal about only formulas numbers and business statistics deals about your knowledge about financial business marketing.
If you wanted to see how much time you spent working on your assignments last Thursday, which
screen would you look at?
Student Activity
External Links
Suggested Facing
Note that If you wanted to see how much time you spent working on your assignments last Thursday, which screen would you look at is: "Student Activity" (Option A). This has to do with a learning management system.
What is Student Activity?A Learning Management System (LMS) is a web-based tool used to store classroom activity online. They are a sort of cloud computing in which the program is accessible whenever and wherever a user has Internet connection.
The goal of a learning management system (LMS) is to provide training and development to Learning and Development (L&D) departments so that they can maintain a company's growth, success, and, eventually, revenue. These are some lofty learning objectives.
Student activities are extracurricular groups and programs that are available to students at a college or university. Student activities are typically intended to get students more active on campus.
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Poor Joe Short was convicted in Superior Court, but he and his attorney appealed the conviction. Where was the case appealed to (exact name)?
Answer: The case was appealed to the superior court which is the highest court in jurisdiction.
Explanation: In common law system, a superior court is a court of general capability which commonly has boundless ward as to deal with the common and criminal legitimate cases.
The superior court can deal with the criminal and the common civil cases in which they have no boundations since they have the highest jurisdiction in the order so there is no limitation.
Explain three factors that had a negative impact on the financial performance of Unibic in its early years.
Hello. You forget to present the text to which this question refers. The text is:
In 2007, Lighthouse Funds acquired a 25% stake in Unibic from Unibic Australia for Rs. 200 million. In 2010, Unibic Australia started making losses and wanted to withdraw from the Indian market. At that time, Unibic operated solely in the premium, high-margin cookies segment in India, with a share of around 8%. It had a market presence primarily in south India and was exporting to the Middle East and Hong Kong. It had strategic alliances to make cookies for various private players. However, it was not yet making profits and was cashstrapped... Over the next few years, Unibic grew rapidly. Its growth was primarily fueled by the changes sweeping through the Indian biscuit industry, wherein glucose biscuits that had dominated the market, gradually lost out to cream biscuits and cookies. The reasons for the shift included rising disposable incomes leading to an increase in consumption of premium biscuits; a larger number of manufacturing facilities of premium biscuits; growing health awareness; innovation bringing in attractive new products; rising affordability of cookies; and increase in eye-catching packaging. Over the years, Unibic regularly introduced fresh and unique flavors, ultimately producing over 30 variants of cookies. Its products could be broadly categorized into chocolate, butter, milk, savory, and health. The company considered its target market to be between the ages of 14 and 40. It continued its efforts at innovation and produced new products which would appeal to its target market. In 2015, Unibic had used celebrity endorsement by signing on south Indian actor Shruti Hassan, for over a year.
It stated that it wanted someone who was relevant and would give the brand a boost to get to the numbers it wanted in the South...
Unibic didn’t advertise much in print media; TV remained the company’s core focus and got the largest chunk of its advertising spend, followed by digital and OOH. Instead of following the traditional strategy of having a similar marketing campaign across markets, Unibic employed a unique strategy in each market, thereby playing to its strengths in each market while keeping in mind the market conditions and consumption patterns...
From 2019 onward, Unibic started feeling the heat of the economic slowdown in India. The Indian economic slowdown of 2019 led to a serious and continuing decline in the country’s real estate, automobile and construction sectors and in overall consumption demand. The second quarter (July- September) of the financial year (April 2019-March 2020) witnessed a drastic fall in the gross domestic product (GDP) growth rate to 4.5%. The main reasons attributed to the fall in the GDP growth rate were – contraction in manufacturing activity, weakened investments, and lower consumption demand. As of 2020, Unibic had the largest wire cut cookie manufacturing plant in India. The plant had the capability to manufacture 100 tonnes of cookies each day, with five production lines. While it used 98% of its production capability to produce its own brand, the rest was used to manufacture for private label brands – six in India and 10 across the world. It had annual revenu7 es of Rs. 5 billion. It also exported its products to more than 21 countries including across Australia, North America, the UK, and Europe, Asia, the Middle East, and New Zealand. It derived 45% of its earnings from the south of India.
Answer and Explanation:
Unibic's main mistake was not to give importance to the fluctuation of demand for its products, in order to be able to adjust their prices to the demand rates that consumers presented. This is because as the demand for the product decreased, Unibic should decrease the price, allowing the product to remain attractive to consumers.
A second mistake was not following the standard of disclosure of other cookie makers. This is because if other companies that make cookies advertise their products in a specific place, it means that this place has a large number of cookie consumers, who will see the products and put them on their shopping lists.
A third mistake was the high expenditure on disclosure. Unibic decided to use the most expensive media vehicle to advertise a product, in addition to maintaining the contract with a celebrity, who should receive a high salary for his work. Unibic should have looked for cheaper vehicles, which would optimize its profit, but decrease spending.
QUESTION 3 of 10: Mill rate is the tax rate that is applied to the assessed value of a real estate property by a municipality. Your tax is
calculated by multiplying the mill rate by the assessed value of a property and dividing by 1,000. If your town's mill rate is 8 and your
assessed home value is $188,000, how much will your town tax bill be?
Answer:
1,504
Explanation:
Trust me
The town's tax bill given the mill rate and the assessed value of a property is $1.504.00
What is the town tax bill?The mill's rate the amount of tax that would be paid per dollar of the assessed value of a property.
Town tax bill = (mill rate x assessed value) / 1000
(8 x 188,000) / 1000 = $1,504
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Beacon Petroleum purchased an operational oil well for $8 million and expects to extract 16 million barrels over the 10-year life of the
well. Beacon estimated the well's salvage value to be zero. What is the firm's cost of goods sold for year 1 if it extracts 2.5 million
barrels of oil and sells 2.0 million barrels of oil?
O $1.00 million
O $1.25 million
O $0.25 million
O $2.25 million
Answer:1.00 million
Explanation:
Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $800 account of a customer, C. Green. On March 9, it receives a $300 payment from Green. Prepare the journal entry or entries for January 31. Prepare the journal entry or entries for March 9; assume no additional money is expected from Green.
Answer:
Gomez Corp. Journal entry
1. 31-Jan
Dr Allowance for doubtful accounts $800
Cr Accounts receivable - C. Green $800
2. 9-Mar
Dr Accounts receivable - C. Green $300
Cr Allowance for doubtful accounts $300
3. 9-Mar
Dr Cash $300
Cr Accounts receivable - C. Green $300
Explanation:
1. On January 1 Gomez Corp was said to use the allowance method to account for uncollectibles which means we have to record the write off as uncollectibles by Debiting Allowance for doubtful accounts with $800 and Credit Accounts receivable - C. Green with the same amount.
2. On March 9, receives a payment of $300 from Green which means we have to record the accounts receivables reinstated by
Debiting Accounts receivable - C. Green with $300 and Crediting Allowance for doubtful accounts with same amount.
3. Since it receives a payment of $300 from Green on March 9 we have to record cash receipt by Debiting Cash with $300 and Crediting Accounts receivable - C. Green with $300.