A mid-life kick refers to a strategic action taken by a company to rejuvenate a product or brand that has reached the middle stage of its product life cycle (PLC).
What is a mid-life kick in the context of business strategy?Unlike a low-price strategy, which focuses on offering products at reduced prices, a mid-life kick aims to breathe new life into a product without necessarily lowering its price.
It is also distinct from a PLC extension, which involves extending the product's life cycle through modifications or enhancements.
The product lining strategy pertains to offering a range of products within the same category to cater to different customer segments. Conjoint analysis, on the other hand, is a market research technique used to determine customer preferences for various product attributes.
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While franchising is popular in the united states, it is not an accepted strategy for firms in the global market.
a. true
b. false
The right answer is b. False, that is, the statement that franchising is not an accepted strategy for firms in the global market is false.
Franchising is a widely accepted and popular strategy for firms in the global market. Franchising allows a business (franchisor) to expand its operations by granting rights to other individuals or companies (franchisees) to operate under its established brand, business model, and support system. This strategy offers several benefits for both the franchisor and the franchisee, including market expansion, risk-sharing, and leveraging local knowledge and resources.
Many well-known global companies have successfully utilized franchising as a growth strategy to establish their presence in different countries and regions. Examples of globally recognized franchises include McDonald's, Subway, Starbucks, and Hilton Hotels, among others.
Therefore, the statement that franchising is not an accepted strategy for firms in the global market is false. Franchising is indeed a commonly employed and accepted approach for global business expansion.
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When conducting customer discovery and other forms of "startup science", knowing who your customers are helps you most directly to?
When conducting customer discovery and other forms of "startup science", knowing who your customers are helps you most directly to understand their needs, preferences, and pain points. By identifying your target customers, you can tailor your product or service to meet their specific requirements, increasing the chances of success.
Additionally, knowing your customers allows you to develop effective marketing strategies, create personalized messaging, and optimize your sales efforts. Ultimately, understanding your customers helps you build strong relationships, deliver value, and differentiate yourself in the market.
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During the year sales added $430 million to a company's accounts receivable. A total of $360 million of accounts were collected. On the statement of cash flows ______ will be reported.
The correct answer is the "increase in accounts receivable" will be reported on the statement of cash flows. According to the given data; During the year, the company's sales added $430 million to its accounts receivable.
A total of $360 million in accounts were collected. The statement of cash flows will report the "increase in accounts receivable."This is because the cash flow statement shows the inflows and outflows of cash and cash equivalents within an organization. Cash flows are classified into three categories: operating, investing, and financing activities. The increase or decrease in accounts receivable is classified under the operating activities of cash flows.In other words, the change in accounts receivable will be reported on the statement of cash flows.
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Victory Company uses weighted average process costing. The company has two production processes. Conversion cost is added evenly throughout each process. Direct materials are added at the beginning of the first process. Additional information for the first process follows.
Units Direct Materials Conversion Percent Complete Percent Complete Beginning work in process inventory 60,000 100% 80% Units started this period 820,000 Units completed and transferred out 700,000 Ending work in process inventory 180,000 100% 30% Beginning work in process inventory Direct materials $ 420,000 Conversion 139,000 $ 559,000 Costs added this period Direct materials 2,220,000 Conversion 3,254,000 5,474,000 Total costs to account for $ 6,033,000 Required: 1. Compute equivalent units of production for both direct materials and conversion.
2. Compute the cost per equivalent unit of production for both direct materials and conversion.
3. Assign costs to the department’s output—specifically, to the units transferred out and to the units in ending work in process inventory.
1. The equivalent units of production are determined by adding the units completed and transferred out to the units in the ending work in process inventory for both direct materials and conversion.
2. The cost per equivalent unit of production is calculated by dividing the total cost by the total equivalent units of production for direct materials and conversion respectively.
1. To compute the equivalent units of production for direct materials and conversion, we need to consider the units completed and transferred out, as well as the units in ending work in process inventory.
Equivalent units of production for direct materials:
Units completed and transferred out = 700,000 units
Ending work in process inventory (direct materials) = 180,000 units × 100% = 180,000 units
Total equivalent units of production for direct materials = Units completed and transferred out + Ending work in process inventory
Total equivalent units of production for direct materials = 700,000 units + 180,000 units = 880,000 units
Equivalent units of production for conversion:
Units completed and transferred out = 700,000 units
Ending work in process inventory (conversion) = 180,000 units × 30% = 54,000 units
Total equivalent units of production for conversion = Units completed and transferred out + Ending work in process inventory
Total equivalent units of production for conversion = 700,000 units + 54,000 units = 754,000 units
2. To compute the cost per equivalent unit of production for direct materials and conversion, we divide the respective costs by the equivalent units of production.
Cost per equivalent unit of production for direct materials = Total direct materials cost / Total equivalent units of production for direct materials
Cost per equivalent unit of production for direct materials = $2,220,000 / 880,000 units
Cost per equivalent unit of production for conversion = Total conversion cost / Total equivalent units of production for conversion
Cost per equivalent unit of production for conversion = $3,254,000 / 754,000 units
3. To assign costs to the department's output, we need to multiply the cost per equivalent unit of production by the equivalent units for each category.
Cost assigned to units transferred out = Cost per equivalent unit of production for direct materials × Equivalent units of production for direct materials transferred out
Cost assigned to units transferred out = Cost per equivalent unit of production for conversion × Equivalent units of production for conversion transferred out
Cost assigned to units in ending work in process inventory = Cost per equivalent unit of production for direct materials × Equivalent units of production for direct materials in ending work in process inventory
Cost assigned to units in ending work in process inventory = Cost per equivalent unit of production for conversion × Equivalent units of production for conversion in ending work in process inventory
Please note that the specific calculations will require the actual values for cost per equivalent unit and equivalent units of production, as provided in the given data.
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sunland company reported a loss of $1222 for the sale of equipment for cash. the equipment had a cost of 30080 and accumulated depreciation of $27730. how much will sunland report in the cash flows from investing activities section
In the cash flows from investing activities section, Sunland Company will report the net cash inflow or outflow resulting from its investing activities, such as buying or selling assets.
To calculate the amount Sunland will report, we need to determine the gain or loss on the sale of equipment. The gain or loss is calculated by subtracting the accumulated depreciation from the equipment's cost.
In this case, the cost of the equipment is $30,080, and the accumulated depreciation is $27,730.
Therefore, the loss on the sale of equipment is $30,080 - $27,730 = $2,350.
However, the question states that Sunland Company reported a loss of $1,222 for the sale of equipment. This means that the actual loss reported is lower than the calculated loss.
Since the question doesn't provide additional information to explain the difference, we can assume that there might be other factors contributing to the reported loss being lower than the calculated loss. These factors could include transaction costs, write-offs, or other adjustments.
In conclusion, Sunland Company will report a loss of $1,222 in the cash flows from investing activities section.
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If demand for nike running shoes is inelastic, should nike raise or lower prices?
The demand for Nike running shoes is inelastic, it means that changes in price have a relatively small impact on the quantity demanded.
In such a scenario, Nike can consider raising prices to increase its revenue.When demand is inelastic, customers are less responsive to price changes, and their demand for Nike running shoes remains relatively stable even if the prices go up. This means that Nike can increase prices without experiencing a significant decrease in the quantity demanded. As a result, the higher prices would contribute to higher revenue for Nike.
It's always advisable for companies to conduct market research and analyze consumer behavior to make informed pricing strategies.
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the terms of a will currently undergoing probate are: "a gift to my brother chris of $40,000 cash; to my son eric, $75,000 from my redstone savings bank account; and to my daughter lauryn, all of my remaining property." at the time of death, the balance in the savings account was $60,000, and there was additional cash (after payment of funeral expenses and all claims against the estate) of $95,000. the decedent resided in a state that treats a demonstrative legacy shortfall as a general legacy. how much would lauryn have received from the estate?
In summary, Lauryn would receive $155,000 from the estate according to the terms of the will and the given information.
Based on the terms of the will and the information provided, Lauryn would receive a total of $155,000 from the estate. Let's break down the calculations:
1. The will states that Chris receives a gift of $40,000 cash. This amount is not relevant to Lauryn's inheritance.
2. The will states that Eric receives $75,000 from the redstone savings bank account. However, the balance in the account at the time of death was only $60,000. Therefore, Eric will receive the full balance of $60,000, and the remaining $15,000 will be considered a shortfall.
3. The will states that Lauryn receives all of the remaining property. After paying the funeral expenses and all claims against the estate, there was additional cash of $95,000. Since the state treats a demonstrative legacy shortfall as a general legacy, Lauryn will receive the remaining cash of $95,000 plus the $15,000 shortfall from Eric's inheritance.
Therefore, Lauryn will receive a total of $155,000 from the estate ($95,000 + $15,000 + $40,000).
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ashley company is a young and growing producer of electronic measuring instruments and technical equipment. you have been retained by ashley to advise it in the preparation of a statement of cash flows using the indirect method. for the fiscal year ended october 31, 2020, you have obtained the following information concerning certain events and transactions of ashley.
The to question is to provide a clear and concise statement of cash flows using the indirect method for Ashley Company for the fiscal year ended October 31, 2020. Here is a step-by-step of how to prepare the statement of cash flows using the indirect method:
1. Start with the net income: Begin by taking the net income of Ashley Company for the fiscal year ended October 31, 2020. This information can typically be found in the income statement.2. Adjust for non-cash items: Exclude any non-cash items from the net income. Non-cash items include depreciation and amortization expenses. Add back these expenses to the net income.
3. Account for changes in working capital: Analyze the changes in current assets and current liabilities from the beginning to the end of the fiscal year. Identify the cash inflows and outflows associated with these changes.4. Calculate operating activities: Determine the cash flows from operating activities by adjusting the net income for non-cash items and changes in working capital. This section represents the cash generated or used by the day-to-day operations of the company.
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Flamingo University is buying a distance learning system. Previously, the school had no distance learning technology. For Flamingo University this represents a(n) ________ situation
For Flamingo University, the situation of purchasing a distance learning system represents a transition from having no distance learning technology to adopting it.
What are the implications of Flamingo University's decision to purchase a distance learning system?The decision to purchase a distance learning system has significant implications for Flamingo University. Firstly, it signifies a shift towards modernizing their educational approach by incorporating technology-enabled remote learning. This transition allows the university to expand its reach and offer courses to students who may not have had access otherwise, opening up educational opportunities to a wider audience.
Implementing a distance learning system also brings flexibility in terms of scheduling and location. Students can access course materials and lectures at their convenience, enabling them to balance their studies with other commitments such as work or personal responsibilities. This flexibility enhances the overall learning experience and increases accessibility for a diverse student population.
Furthermore, the adoption of a distance learning system can lead to cost savings for the university. It reduces the need for physical infrastructure, such as additional classrooms or campus expansion, and allows for more efficient use of resources. Flamingo University can allocate funds towards improving the quality of online courses and supporting faculty training in remote teaching methods.
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Match the asset name to the definition. accounts receivable accounts receivable drop zone empty. merchandise inventory merchandise inventory drop zone empty. prepaid expenses prepaid expenses drop zone empty. plant and equipment plant and equipment drop zone empty. current assets current assets drop zone empty. land
1. Accounts receivable: These are amounts owed to a company by its customers or clients for goods or services that have been delivered or provided on credit. It represents the money that the company expects to receive in the future.
2. Merchandise inventory: This refers to the goods or products that a company holds for sale to customers. It includes items that are ready for sale and are part of the company's normal operations.
3. Prepaid expenses: These are expenses that have been paid in advance but have not yet been used or consumed. Examples of prepaid expenses include prepaid rent, insurance premiums, or prepaid advertising.
4. Plant and equipment: This category includes the long-term assets that a company uses in its operations, such as buildings, machinery, vehicles, and equipment. These assets are not intended for sale and are expected to be used for a long period of time.
5. Current assets: These are assets that are expected to be converted into cash or used up within one year or the operating cycle of a business, whichever is longer. Examples of current assets include cash, accounts receivable, inventory, and prepaid expenses.
6. Land: This represents the cost of acquiring land that a company owns. Land is a long-term asset and is not intended for sale in the normal course of business.
To match the asset names to their definitions:
- Accounts receivable: Amounts owed to the company by customers for goods or services delivered on credit.
- Merchandise inventory: Goods or products held for sale to customers.
- Prepaid expenses: Expenses that have been paid in advance but not yet consumed.
- Plant and equipment: Long-term assets used in a company's operations.
- Current assets: Assets expected to be converted into cash or used up within one year or the operating cycle.
- Land: The cost of acquiring land that a company owns.
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What is the biggest risk associated with the 360-degree feedback evaluation method?
The biggest risk associated with the 360-degree feedback evaluation method is biased or unreliable feedback.
360-degree feedback is a performance evaluation method that gathers input from various sources, including superiors, peers, subordinates, and sometimes even external stakeholders.
While this approach can provide a comprehensive view of an individual's performance, it also carries inherent risks.
One significant risk is the potential for biased or unreliable feedback. Feedback providers may have personal biases, grudges, or conflicts of interest that can influence their assessments.
Additionally, the anonymity of feedback in some 360-degree systems can lead to untruthful or exaggerated responses. These factors can distort the accuracy and fairness of the evaluation process.
The impact of biased or unreliable feedback can be substantial. If an individual receives unfair criticism or undeserved praise, it can negatively affect their motivation, performance, and overall job satisfaction.
It may also lead to the misallocation of resources, such as training and development opportunities, based on inaccurate evaluations.
To mitigate the risks associated with biased or unreliable feedback in the 360-degree evaluation method, organizations should implement several measures. These include:
1. Ensuring anonymity: By maintaining the confidentiality of feedback providers, organizations can encourage honest and candid responses. However, it is crucial to strike a balance between anonymity and accountability to discourage malicious intent.
2. Training and guidelines: Educating feedback providers on the purpose of the evaluation, emphasizing the importance of objective and constructive feedback, and providing clear guidelines can help minimize biases and enhance the quality of responses.
3. Multiple perspectives: Collecting feedback from a diverse set of sources can help mitigate the impact of individual biases. Combining feedback from various stakeholders provides a more comprehensive and balanced view of an individual's performance.
4. Regular calibration and review: Organizations should regularly review the feedback process and assess its effectiveness. Calibration sessions can be conducted to align evaluators' expectations and standards, reducing potential biases and increasing the reliability of the feedback.
By addressing these risks and implementing appropriate measures, organizations can maximize the benefits of the 360-degree feedback evaluation method while minimizing the potential negative consequences associated with biased or unreliable feedback.
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Using the sml approach, what is the expected return on a stock if its beta is equal to zero?
Using the SML (Security Market Line) approach, the expected return on a stock with a beta equal to zero can be determined. Beta measures the systematic risk of a stock, which is the risk associated with the overall market movements.
When the beta of a stock is zero, it implies that the stock has no correlation with the market movements. This means that the stock's returns are not influenced by changes in the market. As a result, the stock is considered risk-free since it does not carry any systematic risk.
The risk-free rate is a key component in calculating the expected return on a stock with a beta of zero. It represents the return an investor would earn by investing in a risk-free asset, such as a government bond. In the SML approach, the risk-free rate is used as a benchmark for evaluating the expected returns of different stocks.
As the beta of the stock is zero, its expected return will be equal to the risk-free rate. This is because the stock does not have any systematic risk, and its returns are solely driven by factors specific to the stock itself.
In conclusion, if a stock's beta is equal to zero, the expected return on the stock, using the SML approach, will be equal to the risk-free rate. This means that the stock's returns are not affected by market movements, making it a risk-free investment.
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He price of xyz stock rises from $10 to $15. if you own 100 shares, your capital gain is blank______. multiple choice question. $100 $10 $500 $5
If the price of XYZ stock rises from $10 to $15, and you own 100 shares, your capital gain would be $500.
To calculate the capital gain, we need to find the difference between the selling price and the purchase price, and then multiply it by the number of shares owned.
Purchase price per share = $10
Selling price per share = $15
Number of shares owned = 100
Capital gain = (Selling price per share - Purchase price per share) * Number of shares owned
= ($15 - $10) * 100
= $5 * 100
= $500
Therefore, your capital gain is $500.
If the price of XYZ stock rises from $10 to $15, and you own 100 shares, your capital gain would be $500.
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an increase in the interest rate part 2 a. increases the opportunity cost of holding money. b. decreases the opportunity cost of holding money. c. decreases the percentage yield of holding money. d. increases the percentage yield of holding money.
An increase in the interest rate part Increases the opportunity cost of holding money. Option A is the correct answer.
When the interest rate increases, it becomes more attractive to hold assets that generate interest or returns, such as bonds, savings accounts, or investments.
The opportunity cost of holding money, in this case, increases because by holding money, individuals miss out on the potential earnings or interest they could have gained by investing or saving it.
Higher interest rates provide individuals with a greater incentive to invest or save their money, as they can earn higher returns. Therefore, the opportunity cost of holding money rises, as individuals have to forego the potential earnings from alternative investments.
It's important to note that as the interest rate increases, the percentage yield of holding money decreases (option c is incorrect) because the yield is the return or earnings obtained from holding money, and higher interest rates would yield higher returns.
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On january 1, a company pays cash for an insurance policy covering a warehouse for the full fiscal year ended 12/31/2021. the january 1 purchase will cause?
This transaction results in the company having an increased prepaid expense (Prepaid Insurance) and a decreased cash balance.
On January 1, when a company pays cash for an insurance policy covering a warehouse for the full fiscal year ended 12/31/2021, the purchase will cause an increase in the company's prepaid expenses and a decrease in its cash balance.
Here's why:
1. Prepaid Expenses: The payment for the insurance policy is made in advance, so it is considered a prepaid expense. Prepaid expenses are assets that represent payments made for future benefits. The amount paid for the insurance policy will be recorded as a debit to the Prepaid Insurance account.
2. Cash Balance: The payment made for the insurance policy will result in a decrease in the company's cash balance. Cash is an asset account and any payment made from it decreases the balance. The amount paid for the insurance policy will be recorded as a credit to the Cash account.
Overall, this transaction results in the company having an increased prepaid expense (Prepaid Insurance) and a decreased cash balance. These adjustments are necessary to accurately reflect the company's financial position and expenses for the fiscal year.
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When we use the wacc as the discount rate in capital budgeting, we are assuming:_________
When we use the Weighted Average Cost of Capital (WACC) as the discount rate in capital budgeting, we are assuming the following:
1. Risk and return trade-off: WACC takes into account the cost of both debt and equity capital. By using WACC, we are assuming that the company's capital structure is a mix of debt and equity, and that investors require a certain rate of return for investing in the company.
2. Consistency in financing decisions: WACC assumes that the company's financing decisions will remain consistent over time. This means that the company will maintain a stable capital structure and use the same mix of debt and equity financing for its projects.
3. Appropriate project evaluation: WACC is used to discount future cash flows to their present value. By using WACC, we are assuming that the cash flows generated by the project are representative of the company's overall operations and that they reflect the true value of the project.
4. Market efficiency: WACC assumes that capital markets are efficient and that the company's cost of capital reflects the risk associated with its projects. This implies that the discount rate accurately captures the opportunity cost of investing in the project.
In conclusion, when we use WACC as the discount rate in capital budgeting, we are assuming a risk-return trade-off, consistency in financing decisions, appropriate project evaluation, and market efficiency. These assumptions help in evaluating the feasibility and profitability of investment projects.
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Government agencies give grants to universities and other organizations to fund research. this is an example of:_____.
Government agencies providing grants to fund research is an example of external funding for research projects.
The provision of grants by government agencies to universities and ther organizations to support research initiatives is an example of external funding for research. Government agencies allocate funds to support scientific studies, innovation, and advancements in various fields such as medicine, technology, social sciences, and more.
These grants serve as financial resources that enable researchers to conduct investigations, carry out experiments, and pursue academic studies. They provide the necessary financial backing to cover expenses related to research equipment, materials, laboratory facilities, and personnel. By offering grants, government agencies encourage and support the development of new knowledge, discoveries, and solutions to societal challenges.
Government-funded research grants often undergo a rigorous evaluation process, including competitive applications, peer reviews, and assessments of project feasibility and potential impact. The allocation of grants is based on factors such as the research's scientific merit, relevance to national priorities, potential economic or social benefits, and the capabilities and expertise of the research team.
Overall, government grants for research play a vital role in driving scientific progress, fostering innovation, and promoting collaboration between academia, government agencies, and other organizations. They facilitate the advancement of knowledge and contribute to addressing critical issues and improving the quality of life for society as a whole.
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Needham Company uses a job-order costing system. During the month of September, the company worked on three jobs. The job-order cost sheets for the three jobs contained the following information at the end of September: The company applies overhead at 120% of direct labor cost. If Job B was sold for $16,000, what was the amount of gross margin for this job
The amount of gross margin for Job B can be calculated by subtracting the total cost of the job from the selling price. To determine the total cost, we need to calculate the overhead applied to Job B's direct labor cost.
First, let's find the direct labor cost for Job B. We are not given this information directly, so we will have to calculate it. The job-order cost sheet for Job B contains the following information at the end of September:
Direct materials cost: $7,500
Direct labor hours: 200
Direct labor rate: $25 per hour
To find the direct labor cost, we multiply the direct labor hours by the direct labor rate:
Direct labor cost = Direct labor hours * Direct labor rate
Direct labor cost = 200 hours * $25 per hour
Direct labor cost = $5,000
Now that we have the direct labor cost, we can calculate the overhead applied to Job B:
Overhead applied = Direct labor cost * Overhead rate
Overhead applied = $5,000 * 120%
Overhead applied = $6,000
Next, we can calculate the total cost of Job B by adding the direct materials cost, direct labor cost, and overhead applied:
Total cost = Direct materials cost + Direct labor cost + Overhead applied
Total cost = $7,500 + $5,000 + $6,000
Total cost = $18,500
Finally, we can calculate the gross margin for Job B by subtracting the total cost from the selling price:
Gross margin = Selling price - Total cost
Gross margin = $16,000 - $18,500
Gross margin = -$2,500
The gross margin for Job B is -$2,500.
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Suppose that Gary Kelly, the CEO of Southwest Airlines, asked you if you thought the company could benefit from using a balanced scorecard approach to performance planning. What would you tell him are the advantages of the balanced scorecard approach
Adopting the balanced scorecard approach can provide Southwest Airlines with advantages such as comprehensive performance measurement, alignment of strategy and objectives, communication and transparency, focus on continuous improvement, and flexibility and adaptability.
By considering these benefits, Gary Kelly can make an informed decision about whether to implement the balanced scorecard approach in the company's performance planning.
The balanced scorecard approach can indeed benefit Southwest Airlines in its performance planning. Here are some advantages of using the balanced scorecard approach:
1. Comprehensive Performance Measurement:
The balanced scorecard provides a holistic view of the company's performance by considering multiple dimensions beyond just financial measures.
It includes four perspectives:
financial, customer, internal processes, and learning and growth.
This approach enables a more comprehensive assessment of Southwest Airlines' overall performance, allowing the CEO to have a well-rounded understanding of the company's strengths and areas for improvement.
2. Alignment of Strategy and Objectives:
The balanced scorecard helps align the company's strategy with its objectives and measures.
By linking strategic objectives to performance indicators in each perspective, it ensures that all areas of the organization are working towards the same strategic goals.
For example, Southwest Airlines may have a strategic objective of providing exceptional customer service. The balanced scorecard can then include customer satisfaction metrics to track the company's progress in achieving this objective.
3. Communication and Transparency:
The balanced scorecard facilitates communication and transparency within the organization.
It provides a clear framework for sharing performance information across different levels and departments.
This transparency helps employees understand how their individual efforts contribute to the overall success of the company. It also fosters a sense of accountability and encourages collaboration towards shared goals.
4. Focus on Continuous Improvement:
With the balanced scorecard, Southwest Airlines can identify areas for improvement and track progress over time.
By regularly monitoring performance indicators, the company can proactively address issues and make necessary adjustments to achieve better outcomes.
For instance, if the internal processes perspective reveals inefficiencies in baggage handling, the company can implement measures to improve this area and enhance customer satisfaction.
5. Flexibility and Adaptability:
The balanced scorecard framework can be customized to suit the specific needs and priorities of Southwest Airlines.
The company can tailor the performance measures and objectives in each perspective to align with its unique business model and competitive environment.
This flexibility allows for adaptability in a rapidly changing industry, enabling Southwest Airlines to stay focused on what matters most for its success.
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13. which of the following statements regarding the fulfillment process is not true? a. one delivery document can be created from multiple sales order documents. b. an accounting document is created when a goods issue is posted. c. a sales order must be created with reference to a quotation. d. a quotation can generate multiple sales orders.
The to question "which of the following statements regarding the fulfillment process is not true?" is: c. A sales order must be created with reference to a quotation.
In the fulfillment process, a sales order can be created without any reference to a quotation. A sales order is a document that confirms the customer's request to purchase goods or services. It contains information such as the quantity, price, and delivery details.
While a quotation is often used as a basis for creating a sales order, it is not a mandatory step. The sales can be directly created based on the customer's request without referring to a quotation.To summarize, the statement that is not true is that a sales order must be created with reference to a quotation.
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assume that the required reserve ratio is 10% and that mary brings in $200 cash to deposit into her checking account. after all adjustments by commercial banks, what will be the maximum increase in reserves, loans, and demand deposits from mary's deposit?
- The maximum increase in reserves from Mary's deposit is $20.
- The maximum increase in loans that can be made by the bank is $180.
- The maximum increase in demand deposits is $200.
The maximum increase in reserves, loans, and demand deposits from Mary's deposit can be determined by considering the required reserve ratio of 10%.
1. Reserves:
The required reserve ratio is the percentage of deposits that banks must keep as reserves. In this case, the required reserve ratio is 10%. Since Mary deposited $200 into her checking account, the maximum increase in reserves will be 10% of $200, which is $20.
2. Loans:
Banks are allowed to lend out a portion of the deposits they receive, known as excess reserves. The maximum increase in loans will depend on the excess reserves after meeting the required reserve ratio. In this case, since the required reserve ratio is 10% and the reserves increased by $20, the excess reserves available for lending will be $200 - $20 = $180.
3. Demand Deposits:
Demand deposits refer to the money deposited by customers that can be withdrawn on demand, such as checking account balances. When Mary deposited $200, her checking account balance increased by $200, which is also the maximum increase in demand deposits resulting from her deposit.
It's important to note that these calculations assume that the bank will fully utilize its excess reserves for lending and that no other factors, such as capital requirements or other regulations, restrict the lending capacity of the bank.
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Matt owns a car dealership that is very profitable. Since he plans to retire in 5-10 years, Matt has decided to retain ownership for now, but without continuing to grow the business. This change would also allow him to invest for retirement some of the cash that the business is now generating. Which harvesting method does this example illustrate
The harvesting method that this example illustrates is called cash cow. In business, a cash cow is a term used to describe a product, service, or business unit that generates significant and consistent cash flow with minimal effort or investment. In this case, Matt's car dealership is already very profitable, meaning it is generating substantial cash flow.
By deciding to retain ownership without continuing to grow the business, Matt is essentially treating his car dealership as a cash cow. He is not putting in additional resources or efforts to expand or develop the business further. Instead, he plans to use the cash generated by the dealership to invest in his retirement.
This approach allows Matt to take advantage of the current profitability of the dealership and redirect the excess cash toward his retirement investments. By not actively growing the business, he can focus on managing the existing operations while also securing his financial future.
Overall, the cash cow strategy enables Matt to leverage the success of his car dealership and use it as a source of income for his retirement planning.
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a schedule of possible milestones. monitors current activity and performance levels. anticipates future activity and forecasts resources required to provide desired levels of service. uses what-if analysis.
The schedule of possible milestones, when combined with monitoring current activity and performance levels, anticipates future activity and forecasts the resources required to provide the desired levels of service. This process also involves using what-if analysis.
A schedule of possible milestones is created to outline the key events or achievements that need to be reached within a specific timeframe. This schedule helps to keep track of progress and ensures that important tasks are completed on time. Monitoring current activity and performance levels involves regularly assessing the progress and performance of ongoing tasks. By monitoring, you can identify any issues or deviations from the planned schedule, and take corrective actions if needed. Anticipating future activity involves looking ahead and predicting the future demands and requirements of a project or service. This helps to ensure that the necessary resources, such as manpower, materials, or equipment, are available when needed.
Forecasting resources required to provide desired levels of service involves estimating the amount and type of resources that will be needed to meet the desired service levels. This can include personnel, funding, technology, or other resources necessary to deliver the expected outcomes. Using what-if analysis refers to the practice of exploring different scenarios or alternatives to understand the potential impact on resources, timelines, and outcomes. By considering various "what-if" situations, you can better prepare for unexpected events or changes in the project or service.
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Compute the irr for an investment that costs $160,000 and pays back $25,000 at the end of years 3, 4, 5, 6, 7, 8, 9, 10.
In conclusion, the IRR for an investment that costs $160,000 and pays back $25,000 at the end of years 3, 4, 5, 6, 7, 8, 9, and 10 is approximately 10.5%.
To calculate the internal rate of return (IRR) for an investment, we need to find the discount rate that makes the present value of the investment's cash flows equal to its initial cost.
In this case, the investment costs $160,000 and pays back $25,000 at the end of years 3, 4, 5, 6, 7, 8, 9, and 10.
To calculate the IRR, we need to find the discount rate that satisfies the following equation:
$160,000 = $25,000 / (1 + r)^3 + $25,000 / (1 + r)^4 + $25,000 / (1 + r)^5 + $25,000 / (1 + r)^6 + $25,000 / (1 + r)^7 + $25,000 / (1 + r)^8 + $25,000 / (1 + r)^9 + $25,000 / (1 + r)^10
To solve this equation, we can use trial and error or financial software. By trying different discount rates, we can find the rate that makes the equation equal to $160,000. In this case, the IRR is approximately 10.5%.
In conclusion, the IRR for an investment that costs $160,000 and pays back $25,000 at the end of years 3, 4, 5, 6, 7, 8, 9, and 10 is approximately 10.5%.
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The IRR for the investment that costs $160,000 and pays back $25,000 at the end of years 3, 4, 5, 6, 7, 8, 9, and 10 is approximately 9.38%.
The Internal Rate of Return (IRR) is a financial metric used to evaluate the profitability of an investment. To calculate the IRR for the given investment, we need to find the discount rate that makes the net present value (NPV) of the investment equal to zero.
In this case, the investment costs $160,000 and pays back $25,000 at the end of years 3, 4, 5, 6, 7, 8, 9, and 10. To calculate the IRR, we can set up the following equation:
-160,000 + 25,000/(1+r)^3 + 25,000/(1+r)^4 + 25,000/(1+r)^5 + 25,000/(1+r)^6 + 25,000/(1+r)^7 + 25,000/(1+r)^8 + 25,000/(1+r)^9 + 25,000/(1+r)^10 = 0
Solving this equation for r will give us the IRR. We can use numerical methods or financial software to find the approximate value of r.
In this case, the IRR is approximately 9.38%. This means that the investment has an internal rate of return of 9.38%, which indicates its profitability.
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Information in a database allows
firms to carry only the products that
the local population wants.
o true
o false
True
Having information in a database allows firms to carry only the products that the local population wants. This is because a well-maintained database provides valuable insights into consumer preferences, purchasing patterns, and demographic data. By analyzing this information, firms can make data-driven decisions regarding the products they stock, ensuring that they align with the demands and preferences of the local population.
With access to a comprehensive database, firms can track and analyze customer behavior, such as purchase history, product preferences, and feedback. This allows them to identify popular products and trends, as well as understand the needs and preferences of their target audience. By leveraging this information, businesses can stock their inventory accordingly, ensuring that they have the right products available to meet customer demand.
Moreover, a database can help firms gather and analyze data about the local population, such as demographic information, income levels, and cultural factors. This data can be invaluable in understanding the specific needs and preferences of the target market. By tailoring their product offerings to match these local characteristics, firms can increase the likelihood of attracting and retaining customers.
In summary, the information stored in a database enables firms to carry only the products that the local population wants. By analyzing customer behavior and demographic data, businesses can make informed decisions about their product offerings, ensuring that they meet the demands and preferences of the local market.
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Make or Buy
Terry Inc. manufactures machine parts for aircraft engines. CEO Bucky Walters is considering an offer from a subcontractor to provide 2,000 units of product OP89 for $120,000. If Terry does not purchase these parts from the subcontractor, it must continue to produce them in-house with these costs:
Cost per unit
Direct Materials ...................$28
Direct labor...........................18
Variable overhead.................16
Allocated fixed overhead...........4
Required: Should Terry, Inc. accept the offer from the subcontractor? Why or why not? Include a consideration of financial and nonfinancial factors.
In order to determine whether Terry, Inc. should accept the offer from the subcontractor, we need to compare the costs of purchasing the parts from the subcontractor to the costs of producing them in-house.
If Terry purchases the 2,000 units of product OP89 from the subcontractor, the cost would be $120,000.
On the other hand, if Terry produces the parts in-house, the cost per unit would be the sum of the direct materials, direct labor, variable overhead, and allocated fixed overhead costs. Adding these costs together gives us $28 + $18 + $16 + $4 = $66 per unit.
To calculate the total cost of producing 2,000 units in-house, we multiply the cost per unit by the number of units: $66 * 2,000 = $132,000.
Comparing the two options, we can see that purchasing the parts from the subcontractor would cost $120,000, while producing them in-house would cost $132,000.
Financially, it would be more cost-effective for Terry, Inc. to accept the offer from the subcontractor, as it would save them $12,000 ($132,000 - $120,000).
Nonfinancial factors, such as the subcontractor's reputation, quality of the parts, and their ability to meet deadlines, should also be considered. However, since the question does not provide any information about these factors, we cannot make a judgment based on them.
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On the direct materials budget, the total quantity of direct materials to purchase is computed as.
On the direct materials budget, the total quantity of direct materials to purchase is computed as follows:Start by determining the required quantity of direct materials for production.
This can be calculated by multiplying the quantity of finished goods to be produced by the direct materials needed per unit of finished goods. Next, consider any anticipated changes in inventory levels. If the desired ending inventory is higher than the beginning inventory, you will need to add the difference to the required quantity of direct materials. Conversely, if the desired ending inventory is lower, subtract the difference from the required quantity. Take into account any scrap or waste that is expected during production. If there is a known percentage of scrap or waste, multiply the required quantity by (1 + scrap percentage) to account for this. Lastly, adjust the quantity for any existing inventory. If you have any direct materials on hand from previous periods, subtract the quantity of inventory from the calculated total.
In summary, the total quantity of direct materials to purchase on the direct materials budget is computed by considering the required quantity of direct materials for production, any anticipated changes in inventory levels, the expected scrap or waste, and the existing inventory.
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The iphone has been purchased by millions of people and has revolutionized the ways phones function in society. this shows that increased consumption patterns ______.
The iPhone has been purchased by millions of people and has revolutionized the ways phones function in society. This shows that increased consumption patterns reflect changing preferences and technological advancements.
The widespread adoption of the iPhone and its impact on society indicate that consumers are increasingly drawn to innovative and technologically advanced products. The iPhone's success can be attributed to its user-friendly interface, extensive app ecosystem, and constant updates that introduce new features and functionalities. The increased consumption patterns observed with the iPhone highlight how consumers value convenience, connectivity, and the ability to access a wide range of services through their smartphones.
Moreover, the iPhone's success demonstrates how technological advancements can reshape consumption patterns. The iPhone introduced features such as touchscreens, mobile internet browsing, and an ecosystem of mobile applications, setting new standards for smartphones and influencing the development of subsequent devices. As consumers recognize the benefits and possibilities offered by innovative technologies, their consumption patterns evolve to incorporate these advancements into their daily lives.
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A reduction in short-run aggregate demand in the actual economy reduces real output, rather than the price level, because multiple choice 1 output is flexible downward. prices are inflexible downward. output is inflexible downward. prices are flexible downward.
The aggregate demand is a measure of the total expenditure on the economy's goods and services.
The correct option from the given statements above is option 3.
A reduction in short-run aggregate demand in the actual economy reduces real output, rather than the price level because output is inflexible downward.
The short-run aggregate supply is influenced by the cost of production (e.g. wages) and the amount of spare capacity in the economy.
Suppose there is a reduction in short-run aggregate demand in the actual economy, then it will decrease the real output. It is because of the output inflexibility in the downward direction.
So, option 3 is the correct answer.
Note: In contrast, if the short-run aggregate supply were relatively high, a reduction in aggregate demand would primarily affect the price level rather than the real output.
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Suppose we create a box model for the outcome of a game of darts. The player has a 1/3 chance of throwing a dart in the inner ring, and a 2/3 chance of the dart landing in the outer ring. In our model, we have two unique tickets marked inner and outer. We put in 1 ticket marked inner. How many tickets do we put in that are marked outer?.
In a box model representing the outcome of a game of darts, for every 1 ticket marked "inner" representing a 1/3 chance, we should put in 2 tickets marked "outer" representing a 2/3 chance.
In this box model for the outcome of a game of darts, the player has a 1/3 chance of throwing a dart in the inner ring and a 2/3 chance of the dart landing in the outer ring. To represent this in our model, we have two unique tickets marked "inner" and "outer". We put in 1 ticket marked "inner", and we need to determine how many tickets we should put in that are marked "outer".
To find the number of tickets marked "outer", we can use the concept of probability. Since the player has a 2/3 chance of the dart landing in the outer ring, this means that out of every 3 throws, 2 will be in the outer ring. Therefore, for every 1 ticket marked "inner", we would need to put in 2 tickets marked "outer" to maintain the 1/3 and 2/3 probabilities.
So, the answer to the question is that we should put in 2 tickets marked "outer" for every 1 ticket marked "inner" in this box model.
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