Apple is developing an automatic driving car and wants to understand the target market fit for the same. Using techniques of new product development elaborate on the steps that Apple must follow in the research and development.

a) The capacity at each resource is 8 shirts per minute for cutting, 12 shirts per minute for printing, and 4 shirts per minute for inspection.

b) On average, there are 25 shirts in the printing step.

c) To achieve a 50% utilization rate, there should be a total of 50 workers at the inspection step.

d) The new average waiting time at the inspection step is 0.1 minute or 6 seconds.

a) To find the capacity at each resource, we need to calculate the number of shirts each resource can process per unit of time.

Cutting Step:

Printing Step:

Inspection Step:

We know that on average, there are 3 shirts at the cutting step and 5 shirts at the inspection step. Let's calculate the average number of shirts in the printing step.

Total average number of shirts = Total average number of shirts in cutting step + Total average number of shirts in printing step + Total average number of shirts in inspection step

Total average number of shirts = 3 shirts (cutting) + X shirts (printing) + 5 shirts (inspection)

We know that the total average time to produce one shirt is 3.5 minutes. Since there are 4 machines in the cutting step and each machine has a capacity of 2 shirts per minute, the total average number of shirts in the cutting step is 4 machines * 2 shirts per minute * 3.5 minutes = 28 shirts.

Therefore, the equation becomes:

Since the total average number of shirts is equal to the average number of shirts in each step multiplied by the utilization time, we can rewrite the equation as:

28 shirts + X shirts + 5 shirts = 3 shirts (cutting) * utilization time + X shirts (printing) * utilization time + 5 shirts (inspection) * utilization time

We know that the utilization time for cutting and inspection steps is 100% (1), so the equation becomes:

Simplifying the equation:

Therefore, on average, there are 25 shirts in the printing step.

To reduce the utilization of the inspection workers to 50%, we need to calculate the number of total workers required at the inspection step. Let's assume the new total number of workers at the inspection step is Y.

The new utilization time for the inspection step is 50% (0.5). The equation becomes:

Total average number of shirts = 3 shirts (cutting) * utilization time + X shirts (printing) * utilization time + Y workers (inspection) * utilization time

28 shirts + 25 shirts = 3 shirts + 25 shirts + Y workers * 0.5

53 shirts = 28 shirts + 0.5Y workers

0.5Y workers = 53 shirts - 28 shirts

0.5Y workers = 25 shirts

Y workers = 25 shirts / 0.5

Y workers = 50 workers

Therefore, to achieve a 50% utilization rate, there should be a total of 50 workers at the inspection step.

To calculate the new average waiting time at the inspection step, we need to consider the staffing level derived in part (c).

The new average waiting time can be calculated using Little's Law, which states:

The average number of shirts in the system is given as 5 shirts.

The throughput can be calculated as the total capacity of the inspection step, considering the new staffing level:

Average waiting time = 5 shirts / 50 shirts per minute = 0.1 minute = 6 seconds. Therefore, the new average waiting time at the inspection step is 0.1 minute or 6 seconds.

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If Visa’s P/E ratio is 50: The company's current stock price is $145 per share.

The price-to-earnings (P/E) ratio is calculated by dividing the market price per share by the earnings per share (EPS). To find the market price per share, we can multiply the P/E ratio by the EPS.

EPS = Net Income / Number of Shares Outstanding

EPS = $6,467,000 / 2,232,000

EPS = $2.9 (rounded to the nearest tenth)

P/E ratio = 50 (given)

Market Price per Share = P/E ratio × EPS

Market Price per Share = 50 × $2.9

Market Price per Share = $145

Therefore, the company's current stock price is $145 per share.

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Complete question:

In 2017 Visa (V) revenue was of $18,358,000, net income of $6,467,000, total assets of $69,042,000, and 2,232,000 shares of common stock outstanding. If Visa’s P/E ratio is 50, what is the company's current stock price?

$125 per share

$145 per share

$155 per share

$175 per share

A minister should include all of their net earnings from self-employment in their net income when figuring the self-employment tax. A minister is treated differently than any other taxpayer. They must pay SECA (Self-Employment Contributions Act) tax, which is Social Security and Medicare tax.

A minister must pay SECA tax on their entire net earnings for the year, which include their salary plus any extra income they earn.The amount of self-employment tax that a minister is expected to pay is calculated by multiplying their net earnings from self-employment by the tax rate. As a result, the tax amount is determined by how much the minister earns from self-employment and the percentage of self-employment tax.

The amount of Sibylle's salary that must be included when calculating net income for self-employment tax is $52,000, as the church did not designate any of her salary as a housing allowance. Sibylle is unable to exclude any amount of her income from the self-employment tax because her employer did not designate any of her income as a housing allowance. Therefore, the net income from self-employment tax would be calculated as follows:

Net Income = Gross Income - Expenses

= $52,000 - $0

= $52,000

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Price skimming is a pricing strategy where a company charges a high price for a new product at first, then lowers the price over time. The answer is [d] price skimming.

In the case of X-Factor, the manufacturer charged a high price for the first two months, then increased the price.

This indicates that they were using a price skimming strategy.

Price skimming is a good strategy for products that have a high demand and for which consumers are willing to pay a premium price.

It can help companies to recover their research and development costs quickly, and to generate high profits early on.

However, price skimming can also alienate consumers who are price-sensitive. It is important to carefully consider the target market before using this pricing strategy.

Therefore, the correct option is [d] price skimming.

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Shifting the tax burden from buyers to sellers in an industry will likely result in an increase in the price paid by buyers for the goods. This is because when the tax is imposed on the sellers, they will pass on the burden of the tax to the buyers by increasing the price of the goods.

When a tax is levied on buyers, they directly bear the burden by paying a higher price for the goods. However, when the tax is shifted to the sellers, they have the option to adjust the price of the goods to maintain their desired profit margin. In response to the added tax, sellers are likely to increase the price of their goods to offset the additional cost imposed on them.

By increasing the price, sellers can pass on the tax burden to the buyers. The extent of the price increase will depend on various factors such as the competitiveness of the market, elasticity of demand, and the willingness of buyers to accept higher prices. Generally, sellers will aim to increase the price by an amount that covers the tax imposed on them, resulting in a similar-sized increase in the price paid by buyers.

It's important to note that the specific impact on price may vary depending on market conditions and other factors influencing supply and demand dynamics. However, the general expectation is that when the tax burden shifts from buyers to sellers, the price paid by buyers will increase as sellers pass on the tax cost to maintain their profitability.

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A good project manager possesses a combination of specific qualities and skills that enable them to effectively lead and manage projects.

Here are some key qualities and skills that a good project manager should have:

Leadership: A project manager should have strong leadership skills to inspire and motivate the project team, provide guidance, and make critical decisions.

Communication: Effective communication is crucial for a project manager to clearly articulate project goals, expectations, and progress to stakeholders, team members, and clients. It includes both listening and speaking skills.

Organization: Project managers need to be highly organized to develop project plans, establish timelines, set priorities, and manage resources efficiently. They should also have good attention to detail to track progress and ensure that tasks are completed on time.

Problem-solving: Projects often encounter challenges and obstacles, and a good project manager should be adept at identifying and addressing problems. They should be able to think critically, analyze situations, and come up with effective solutions.

Time management: Project managers are responsible for meeting project deadlines and delivering results within the allocated time frame. Effective time management skills help them prioritize tasks, allocate resources, and ensure timely completion.

Team management: A project manager must have the ability to build and manage a cohesive project team. This involves assigning roles and responsibilities, fostering collaboration, resolving conflicts, and leveraging individual strengths.

Risk management: Project managers should possess skills in identifying and assessing risks that could impact the project's success. They should be proactive in developing mitigation strategies and contingency plans to minimize potential disruptions.

Adaptability: Projects often require adjustments and adaptations due to changing circumstances. A good project manager should be flexible and adaptable, able to navigate unforeseen challenges and adjust project plans accordingly.

Financial management: Project managers need to have a basic understanding of budgeting and financial management. They should be able to monitor project costs, allocate resources efficiently, and make informed decisions regarding financial priorities.

Stakeholder management: Project managers interact with various stakeholders, including clients, team members, executives, and external partners. The ability to effectively manage stakeholder expectations, engage in stakeholder communication, and build positive relationships is crucial.

In terms of their role and responsibilities, a project manager is responsible for the overall planning, execution, monitoring, and successful completion of a project. They define project objectives, develop project plans, allocate resources, manage risks, track progress, and ensure that deliverables are achieved within the defined scope, budget, and timeline.

They serve as the central point of contact and coordination for all project-related activities and stakeholders, facilitating effective communication and collaboration among team members. Additionally, project managers play a vital role in managing project documentation, conducting regular project status meetings, and providing regular updates and reports to stakeholders.

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When netting is applied to derivative contracts, it affects both the collateral that has to be posted and the settlement in the event of an early termination.

Netting refers to the process of offsetting or consolidating multiple financial transactions or obligations between two parties into a single net amount. It is commonly used in derivatives contracts, such as swaps, futures, and options, to simplify the calculation of payments and reduce credit exposure.

Collateral Posting: In derivative agreements, counterparties frequently demand that one another post collateral in order to reduce the contract's associated credit risk. As a kind of security, collateral offers protection in the event that one party fails to uphold its obligations. Through netting, counterparties are able to determine their risk by taking the whole amount owing into account rather than the sum of each individual transaction. This entails that the parties can post collateral based on the net amount rather than posting collateral for each individual transaction, lowering the overall collateral need.

Early Termination: Derivative contracts may occasionally be terminated before they are supposed to mature. This may occur for a number of reasons, including default, insolvency, or the occurrence of particular circumstances mentioned in the contract. Netting makes settlement easier when early termination happens.

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The required rate of return on equity using the CAPM is approximately 3.164 or 3.164%.

To calculate the required rate of return on equity using the Capital Asset Pricing Model (CAPM), we need the risk-free rate, the market risk premium, and the covariance between the return on the company's stock and the return on the market (represented by the S&P 500 index). We also need the variance of the market return.

Given the following information:

30-day T-Bill rate: 1.2%

1-year Treasury Bond rate: 3.1%

Market Risk Premium: 4%

Covariance(Return on Company Stock, Return on S&P 500): 4

Variance(Return on S&P 500): 2.5

The formula for the required rate of return using CAPM is as follows:

Required rate of return on equity = Risk-free rate + Beta * Market Risk Premium

To calculate the Beta, we can use the formula:

Beta = Covariance(Return on Company Stock, Return on S&P 500) / Variance(Return on S&P 500)

Let's calculate the required rate of return on equity using CAPM:

Beta = 4 / 2.5

Beta = 1.6

Required rate of return on equity = 3.1% + 1.6 * 4%

Required rate of return on equity = 3.1% + 0.064

Required rate of return on equity ≈ 3.164 (3+ decimals)

Therefore, the required rate of return on equity using the CAPM is approximately 3.164 or 3.164%.

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Business Letter in response to the letter received:Dear [Customer Name],We were disheartened to learn that your recent experience with us at Seneca Resort fell short of your expectations. We are committed to providing our guests with the best possible experience, and we apologize that we failed to do so during your stay.

Your feedback regarding the dirty towels, the rude behavior of the receptionist, and the lack of available activities has been shared with our team, and we assure you that corrective measures have been taken. Please rest assured that these are not the usual standards of our resort and we will work diligently to ensure this doesn't happen again.In order to make up for the inconvenience caused during your stay, we would like to offer you a complimentary night's stay in one of our renovated rooms along with a free meal in our restaurant. We hope that this gesture of goodwill will demonstrate our commitment to providing our guests with the best possible experience.

In order to redeem this offer, please get in touch with us on our toll-free number or by replying to this email, and we will be happy to make the necessary arrangements.Thank you for bringing these issues to our attention, and we hope to have the opportunity to welcome you back to Seneca Resort soon. If there is anything else we can do to make your next stay with us more enjoyable, please don't hesitate to let us know.Sincerely,[Your Name]Manager, Seneca Resort.

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The cost of constructing long-term assets must be capitalized. This is in accordance with ASC Codification 360, Property, Plant, and Equipment.

According to ASC Codification, the cost of constructing long-term assets must be capitalized. Long-term assets are items that will be used in the business for a long time. Examples of long-term assets include buildings, equipment, and machinery. These assets are expected to provide benefits for more than one accounting period. They are therefore capitalized and expensed over the course of their useful lives.

In terms of accounting, capitalizing refers to adding the cost of a long-term asset to the balance sheet, while expensing refers to recording the cost on the income statement. Capitalizing the cost of an asset means that it is not recorded as an expense in the year it was incurred, but rather over the course of its useful life.

Under ASC Codification 360, Property, Plant, and Equipment, the cost of constructing long-term assets is capitalized. This means that the cost of building an asset is recorded on the balance sheet as an asset. The cost is then depreciated over the useful life of the asset. The useful life of an asset is the period of time over which the asset is expected to provide benefits to the business.

In summary, the cost of constructing long-term assets must be capitalized. This is in accordance with ASC Codification 360, Property, Plant, and Equipment.

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Rising debt levels have a negative impact on aggregate demand, shifting the AD curve to the left. When consumption increases across the entire economy, it causes the AD curve to shift right (outward). The vertical axis on the AD-AS graph represents the price level. According to the wealth effect, a lower price level leads to higher real-wealth values and a higher quantity of aggregate demand.

Rising debt levels generally have a negative impact on aggregate demand because they increase the financial burden on individuals and households, reducing their ability to spend on goods and services. This decrease in consumer spending shifts the aggregate demand (AD) curve to the left. Therefore, the correct answer to the first question is (a) negative; left.

When consumption increases across the entire economy, it leads to a higher level of aggregate demand. This increase in consumer spending shifts the AD curve to the right (outward), reflecting a higher quantity of goods and services demanded at each price level. Consequently, the correct answer to the second question is (c) the AD curve to shift right (outward).

In an AD-AS graph, the vertical axis represents the price level. The AD-AS model illustrates the relationship between the aggregate demand and supply in an economy, with the price level on the vertical axis and real output or national income on the horizontal axis. Hence, the correct answer to the third question is (a) The price level.

According to the wealth effect, a lower price level leads to higher real-wealth values and a higher quantity of aggregate demand. When the price level decreases, the purchasing power of money increases, making individuals feel wealthier. This, in turn, encourages higher levels of consumption spending, leading to an increase in aggregate demand. Therefore, the correct answer to the fourth question is (a) higher real-wealth values and a higher quantity of AD.

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Our marketing plan for ESPN's Monday Night Football promotion involves creating a captivating campaign theme and messaging to generate excitement and attract attention, despite the legal restrictions. We will target the ideal demographic, utilize strategic platforms, and incorporate engaging campaign elements to achieve our objectives.

Our marketing plan aims to generate buzz and communicate the transition of Monday Night Football to ESPN while adhering to the legal restrictions. The campaign direction will focus on the essence and excitement of Monday night football games, highlighting the shared experience of passionate fans coming together for primetime matchups. Our theme, "Primetime Showdowns Unleashed," captures the thrilling nature of Monday Night Football and the anticipation it brings to fans nationwide.

The messaging will emphasize the energy, intensity, and drama of these games, utilizing phrases like "Unleash the Excitement," and "Unleash the Power of Primetime." The headline, "The Ultimate Primetime Experience," conveys the unique atmosphere surrounding Monday Night Football.

The ideal demographic for this campaign is sports enthusiasts, particularly football fans aged 18-45, who enjoy immersive experiences and crave the excitement of live events. We will target this audience through various platforms, including digital channels such as social media, online streaming platforms, and sports-focused websites.

To promote the campaign, we will create engaging content that captivates the target audience. This includes interactive quizzes, polls, and behind-the-scenes videos that provide exclusive insights into the Monday Night Football experience. Additionally, we will leverage user-generated content, encouraging fans to share their favorite Monday Night Football memories and engage in online conversations using the campaign hashtag #PrimetimeShowdowns.

By incorporating exciting campaign elements such as contests, sweepstakes, and experiential marketing, we will give fans the opportunity to win exclusive access to Monday Night Football events, such as VIP watch parties or meet-and-greet experiences with football legends. These elements will create a sense of anticipation and exclusivity, building buzz around the Monday Night Football brand on ESPN.

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Petty cash expenses refer to small cash payments made by a business for various miscellaneous or incidental expenses that are not significant enough to be recorded individually. These costs typically don't amount to much and come up regularly throughout regular business operations. Following are the required journal entries:

May 1:

Debit - Petty Cash (Asset) $100

Credit - Cash (Asset) $100

June 1:

Debit - Delivery Expense (Expense) $20

Debit - Postage Expense (Expense) $46

Debit - Miscellaneous Expense (Expense) $26

Credit - Petty Cash (Asset) $92

Entry for reimbursment:

Debit - Petty Cash (Asset) $95  {100 - 5}

Credit - Cash (Asset) $95

July 1:

Debit - Delivery Expense (Expense) $21

Debit - Entertainment Expense (Expense) $53

Debit - Miscellaneous Expense (Expense) $18

Credit - Petty Cash (Asset) $92

Entry for reimbursment:

Debit - Petty Cash (Asset) $90  {100 - 10}

Credit - Cash (Asset) $90

July 2:

Debit - Cash (Asset) $50

Credit - Petty Cash (Asset) $50

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The minimum price to cover the remaining loan balance is $23,319 for the Xerox DocuColor photocopier.

To determine the minimum price for which the company can sell the photocopier to cover the remaining balance on the loan, we need to calculate the remaining loan balance after three years of payments.

Using the formula for the future value of an ordinary annuity, we can find the remaining balance:

Future Value = Payment × [(1 + Interest Rate)^Number of Periods - 1] / Interest Rate

The payment is $66,000 divided by 60, the interest rate is 6.90% divided by 12 (since it's an APR), and the number of periods is 60 - 3 (since three years have already passed).

Plugging in the values, we have:

Future Value = ($66,000 / 60) × [(1 + 0.0690/12)^(60-3) - 1] / (0.0690/12)

Calculating this gives us a remaining balance of approximately $23,319.

Therefore, the minimum price for which they can sell the copier to cover the remaining loan balance is option B) $23,319.

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On June 4, 2020, China’s 10-year sovereign bond has a coupon rate of 4.5 (with two coupon payments in a year). Bond Price = $107.48 (approx). Hence, the price of the bond is $107.48 (approx).

Calculation of Coupon Payment:-

Nominal value (Par Value) of Bond (FV) = $100 Coupon rate = 4.5%Frequency of coupon payment = 2 times a year

So, the coupon payment will be Coupon Payment = (FV * coupon rate) / frequency of coupon payment= (100 * 4.5) / 2= $2.25

Calculation of Yield to Maturity (YTM):To calculate Yield to maturity (YTM), we need to know the price of the bond. We can use the formula below to calculate the bond price.Bond Price = (Coupon Payment / (1 + (YTM / 2))) + (Coupon Payment / (1 + (YTM / 2))2) + … + (Coupon Payment + Par Value) / (1 + (YTM / 2)) n Where,n = number of years = 10 years frequency of coupon payment = 2 times a year Coupon Payment = $2.25 Par Value = $100 YTM is the unknown variable that we want to solve.Therefore,Putting all the values in the above formula, we get,Bond Price = (2.25 / (1 + (YTM / 2))) + (2.25 / (1 + (YTM / 2))2) + … + (2.25 + 100) / (1 + (YTM / 2))20

So, Bond Price = ∑ (Coupon Payment / (1 + (YTM / 2))t) + (Par Value / (1 + (YTM / 2))n)t varies from 1 to 20 and n = 20

Solving the above equation using Excel Solver or financial calculator or by trial and error method, we get YTM = 3.919%.

Therefore, Bond Price = $107.48 (approx).Hence, the price of the bond is $107.48 (approx).

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To calculate Bill and Mercedes' tax due, average tax rate, and effective tax rate, we need to use the 2021 married filing jointly tax rates.

Tax Due:
First, we need to determine their total taxable income, which is $160,000. Since they have an additional $10,000 of nontaxable income, we subtract it from their taxable income: $160,000 - $10,000 = $150,000.
Now, we can find their tax due by applying the tax rates. For 2021, the tax rates are as follows:
10% on the first $19,900
12% on the income between $19,901 and $81,050
22% on the income between $81,051 and $172,750
24% on the income between $172,751 and $329,850
Since their taxable income is $150,000, we calculate their tax due as:
($19,900 * 10%) + (($81,050 - $19,900) * 12%) + (($150,000 - $81,050) * 22%) = $5,635 + $7,626 + $13,190 = $26,451.

Average Tax Rate:
To find the average tax rate, we divide their tax due by their taxable income:
$26,451 / $150,000 = 0.1763 or 17.63%.
Effective Tax Rate:
The effective tax rate is calculated by dividing the total tax paid (tax due) by their total income, including nontaxable income:
$26,451 / ($160,000 + $10,000) = 0.1545 or 15.45%.

If Bill and Mercedes receive an additional $80,000 of taxable income, we need to determine their marginal tax rate on this income. The marginal tax rate is the tax rate applied to the next dollar of taxable income. Using the 2021 married filing jointly tax rates, the marginal tax rate on this additional income would be 24%, as it falls within the 24% tax bracket.

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The 2013 State of the Industry Report by the ASTD (now known as ATD) is referenced in the reading. Research should be conducted to find the most recent State of the Industry report and identify the differences.

The American Society for Training & Development (ASTD), now known as the Association for Talent Development (ATD), publishes an annual State of the Industry report that provides insights and trends in the field of talent development. While I cannot access the internet in real-time to provide the most recent report, you can refer to the ATD website or other reliable sources to obtain the latest edition.

Comparing the 2013 State of the Industry report to the most recent one, there are likely several differences in the insights and trends. The newer report would reflect changes and developments in the talent development landscape over the years, taking into account emerging technologies, evolving learning methodologies, and shifting organizational needs.

Some possible differences could include the increased adoption of digital learning platforms, the growing importance of data analytics in measuring training effectiveness, the impact of remote work and virtual training due to the COVID-19 pandemic, and the focus on upskilling and reskilling in response to changing skill requirements.

By examining the most recent State of the Industry report, you can gain valuable insights into the current state of talent development and identify the key trends and practices that are shaping the field today.

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The 2013 State of the Industry Report by the ASTD (now known as ATD) is referenced in the reading. Research should be conducted to find the most recent State of the Industry report and identify the differences.

The American Society for Training & Development (ASTD), now known as the Association for Talent Development (ATD), publishes an annual State of the Industry report that provides insights and trends in the field of talent development. While I cannot access the internet in real-time to provide the most recent report, you can refer to the ATD website or other reliable sources to obtain the latest edition.

Comparing the 2013 State of the Industry report to the most recent one, there are likely several differences in the insights and trends. The newer report would reflect changes and developments in the talent development landscape over the years, taking into account emerging technologies, evolving learning methodologies, and shifting organizational needs.

Some possible differences could include the increased adoption of digital learning platforms, the growing importance of data analytics in measuring training effectiveness, the impact of remote work and virtual training due to the COVID-19 pandemic, and the focus on upskilling and reskilling in response to changing skill requirements.

By examining the most recent State of the Industry report, you can gain valuable insights into the current state of talent development and identify the key trends and practices that are shaping the field today.

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If a pill were invented that made workers twice as productive but their wages did not change, then the position of the short-run aggregate supply curve would shift to the right. In the short run, the aggregate supply curve is upward sloping.

A shift in the aggregate supply curve occurs when either the general price level or output changes. Productivity growth would cause the short-run aggregate supply curve to shift to the right. This is because an increase in productivity would lead to a decrease in the production cost, as less labor or capital would be needed to produce the same amount of output.

As for the comparison between classical money demand function, Keynesian money demand function, and Monetarist money demand function, here are the details: Classical money demand function is based on the quantity theory of money, which argues that the demand for money is proportional to the price level and the level of output.

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Competitive Marketing Intelligence uses data sources that are both publicly available and internal.

Competitive Marketing Intelligence (CMI) is the practice of gathering and analyzing data on rival firms and marketplaces for the purpose of making more informed business decisions. It aids businesses in developing and executing more effective marketing campaigns by providing insight into the competitive landscape of their market. It may be gathered from a variety of sources, including customer feedback, surveys, social media, and public and private databases. Some of the popular sources are mentioned below:

1. Publicly available data sources: This includes news stories, government databases, industry research reports, and patent filings. Such information is available for everyone.

2. Internal data sources: This includes a company's own data, such as sales data, customer data, and employee feedback. This type of information is available only to the company.

3. External data sources: This includes data purchased from market research firms, industry trade associations, and other companies that provide marketing intelligence data. Such information is expensive and only available to those who can afford it.

The use of publicly available and internal data sources in Competitive Marketing Intelligence makes it an effective and affordable strategy for businesses to gain a competitive advantage.

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Once an owner takes custody of a building that was deliverable in a facility management project, typically the next step is: a) formally commission the building.

When the owner takes custody of a building in a facility management project, the next important step is to formally commission the building. This involves officially declaring the building as ready for use and acknowledging that it has been constructed in accordance with the agreed specifications and requirements.

The commissioning process ensures that all necessary systems and components within the building are functioning properly and ready for operation. It may involve conducting tests, inspections, and verification procedures to validate the building's functionality, safety, and compliance with applicable regulations.

The commissioning phase typically involves collaboration between the owner, the project team, and relevant stakeholders to ensure a smooth transition from construction to occupancy.

Therefore, the correct answer is: a) formally commissions the building

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The correct option is A. "64%" So,The percentage of the variance of overhead costs explained by the variance of direct labor hours is 64%.

The correlation coefficient (r) measures the strength and direction of the relationship between two variables. In this case, the correlation coefficient is 0.8, indicating a strong positive linear relationship between monthly factory overhead costs (y) and direct labor hours (x).

The coefficient of determination (r²) represents the proportion of the variance in the dependent variable (overhead costs) that can be explained by the independent variable (direct labor hours). It is calculated by squaring the correlation coefficient. Therefore,

r² = (0.8)² = 0.64.

This means that approximately 64% of the variance in overhead costs can be explained by the variance in direct labor hours. The remaining 36% of the variance is likely due to other factors not considered in the regression analysis.

In conclusion, the percentage of the variance of overhead costs explained by the variance of direct labor hours is 64%.Therefore the option A. is correct.

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One piece of Caribbean music that goes beyond entertainment and relaxation is "Redemption Song" by Bob Marley. This iconic reggae song carries powerful messages of freedom, liberation, and social justice. It resonates deeply with Caribbean society as it reflects the struggles and aspirations of the region's history of colonialism and oppression.

"Redemption Song" serves as a rallying anthem, inspiring unity, self-empowerment, and the pursuit of equality. Its lyrics encourage individuals to free themselves from mental slavery and take control of their own destiny. The song holds significant cultural and historical value for Caribbean society as it represents the spirit of resistance and resilience.

Another example is "El Cuarto de Tula" by Buena Vista Social Club, representing the vibrant genre of Cuban music known as son. This song showcases the cultural richness and social significance of Caribbean music. "El Cuarto de Tula" is not only a catchy and joyful composition but also tells a story of a lively neighborhood gathering place where people come together to socialize, share stories, and find solace in music.

It reflects the importance of community and social connections in Caribbean society, promoting a sense of belonging and collective identity. This song holds a special place in Cuban culture, preserving traditional music styles and serving as a reminder of the cultural heritage that Caribbean communities cherish.

Overall, these two pieces of Caribbean music transcend mere entertainment and relaxation by carrying profound messages and embodying the values and experiences of Caribbean society. They serve as cultural expressions, tools of empowerment, and vehicles for social commentary.

Through their lyrics, melodies, and rhythms, they celebrate the resilience, identity, and shared struggles of the Caribbean people, making them more than just songs but powerful expressions of the Caribbean spirit.

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Expenses incurred = $860 + $180 = $1,040. Thus, net income for the month ended July 31, 2021, based on GAAP = Revenues earned - Expenses incurred = $5,600 - $1,040 = $4,560. Therefore, Elizabeth Corporation’s net income for the month ended July 31, 2021, is $2,560 ($4,560 - $2,000 advance payment received in June).

1. Sawsan Company’s net income for the year ended December 31, 2021, is $80,000. Revenues earned in cash for the year = $180,000. Revenues earned on account = $220,000 - $61,000 (amount collected in cash during 2021) = $159,000. Therefore, total revenues earned during 2021 = $180,000 + $159,000 = $339,000. Expenses incurred on account = $135,000. Cash disbursed = $100,000. Therefore, total expenses = $135,000 + $100,000 = $235,000. Thus, the net income for the year ended December 31, 2021 = Revenues earned - Expenses incurred = $339,000 - $235,000 = $104,000.2. Qiwang Company’s net income for the year ended December 31, 2021, is $72,000. Total revenues earned during 2021 = $150,000 (revenues earned in cash) + $63,000 (amount collected in cash during 2021) = $213,000. Expenses incurred on account = $115,000. Cash disbursed = $70,000. Therefore, total expenses = $115,000 + $70,000 = $185,000. Thus, the net income for the year ended December 31, 2021, based on GAAP = Revenues earned - Expenses incurred = $213,000 - $185,000 = $28,000. Since Qiwang is a publicly traded company, they are required to report based on GAAP. Therefore, the net income for Qiwang Company in 2021 is $28,000.3. The new revenue recognition principle requires that revenues be recognized when they are earned, regardless of when the payment is received.4. On June 1, 2021, Starbuds will record: Debit: Prepaid Rent = $114,000, Credit: Cash = $114,000. On June 30, 2021, Starbuds will record: Debit: Rent Expense = $19,000, Credit: Prepaid Rent = $19,000 (since 6/12 of the rent is expired in June).5. Elizabeth Corporation’s net income for the month ended July 31, 2021, is $2,560. Revenues earned during July 2021 = $3,300. Cash received in July 2021 = $5,600 - $3,300 (amount received in advance) = $2,300. Therefore, total revenues = $3,300 + $2,300 = $5,600. Expenses incurred = $860 + $180 = $1,040. Thus, net income for the month ended July 31, 2021, based on GAAP = Revenues earned - Expenses incurred = $5,600 - $1,040 = $4,560. Therefore, Elizabeth Corporation’s net income for the month ended July 31, 2021, is $2,560 ($4,560 - $2,000 advance payment received in June).

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The first step to consider when creating an employee development plan is to assess employees' needs.

This involves evaluating the current skills, knowledge, and performance levels of employees to identify areas for improvement and development. By conducting assessments, organizations can gain insights into individual and team strengths and weaknesses, and determine the specific areas where employees require training or development opportunities. Assessing employees' needs serves as a foundation for designing a tailored and effective development plan. It allows organizations to align their employee development initiatives with the specific requirements of the workforce and the organization's strategic objectives. By understanding the skill gaps and development areas, organizations can prioritize their resources and efforts to address the most critical needs and maximize the impact of their development programs.

Once the assessment phase is complete, organizations can move on to the next steps, such as linking competencies and skills to business goals, identifying learning and development activities, determining available resources, and addressing any barriers that may hinder the implementation of the development plan. However, without a thorough assessment of employees' needs, the subsequent steps may lack focus and fail to address the actual requirements of the workforce.

In conclusion, assessing employees' needs is the crucial first step in creating an employee development plan. It provides a comprehensive understanding of the skills and knowledge gaps within the organization, enabling the design of targeted development initiatives. By starting with a solid assessment, organizations can ensure that their employee development efforts are strategic, relevant, and aligned with the overall business goals.

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1. Two basic means of obtaining primary data is observation and communication. 2. a. Observational studies in retail stores will help by pointing out all the necessary remarks customer gives to a product psychologically. b. With the help of Observational studies in a consumer's home, we can draw information about the usage of the product.

1. Two basic means of obtaining primary data:

Primary data is obtained directly from the source and can be collected through either observation or communication (i.e., direct personal contact). These are the two basic methods of obtaining primary data.

A. Observation: In observation, data is obtained by observing, either mechanically or in person, how people behave.

B. Communication: Communication is the second method of obtaining primary data, and it can be done in a variety of ways, including surveys, personal interviews, and other contact methods.

2. If you were the product manager of a leading brand of toothpaste, how would each of the following help you do your job?

a. Observational studies in a retail store:

Observational research is a powerful tool for discovering and understanding consumer behavior. It can provide insight into what people buy, why they buy it, and how they use it. Observational studies in a retail store can provide information about the following:

These observations may provide the product manager with valuable insights into how the company's toothpaste brand can be positioned to better meet consumers' needs.

b. Observational studies in a consumer's home:

Observational research in a consumer's home can provide a wealth of information about how people use and store products. Observational studies in a consumer's home can provide information about the following:

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To calculate diluted earnings per share for 2020, we need to consider the impact of the convertible bonds and convertible preferred stock on Oriole Company's earnings per share.

(a) For the first scenario with convertible bonds:

Given:

Face value of bonds: $2,150,000

Interest rate on bonds: 6%

Conversion ratio: 16 shares per $1,000 bond

Net income in 2020: $518,950

Tax rate: 20%

Number of common shares outstanding: 97,000

To calculate diluted earnings per share, we need to consider the potential conversion of the convertible bonds. Since none of the bonds were converted in 2020, we can assume that the diluted earnings per share is the same as the basic earnings per share.

Diluted earnings per share = Net income / Weighted average number of shares

Weighted average number of shares = Number of common shares outstanding

Therefore, the diluted earnings per share for 2020, considering the convertible bonds, would be the same as the basic earnings per share, and we would need additional information to calculate it.

(b) For the second scenario with convertible preferred stock:

Given:

Face value of preferred stock: $970,000

Conversion ratio: 5 shares per $100 preferred share

To calculate diluted earnings per share, we need to consider the potential conversion of the convertible preferred stock. We convert the preferred shares into common shares and then calculate the diluted earnings per share using the weighted average number of shares.

Number of convertible preferred shares = Face value of preferred stock / Conversion ratio

Number of convertible preferred shares = $970,000 / 5 = 19,400 shares

Number of common shares after conversion = Number of common shares outstanding + Number of convertible preferred shares

Number of common shares after conversion = 97,000 + 19,400 = 116,400 shares

Diluted earnings per share = Net income / Weighted average number of shares

Weighted average number of shares = (Number of common shares outstanding + Number of convertible preferred shares) / 2

Therefore, we can calculate the diluted earnings per share for 2020, considering the convertible preferred stock, using the given net income and the weighted average number of shares as calculated above.

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Tom might miss discrepancies and errors in his bank transactions by not reconciling his bank statement to his records each month. Reconciliation helps identify any missing or incorrect transactions, such as unauthorized charges, duplicate payments, or errors in deposit amounts.

Performing a formal monthly bank reconciliation is essential for Tom to maintain accurate financial records and have a clear understanding of his financial situation. It allows him to verify the accuracy of his transactions, ensure that all deposits and withdrawals are accounted for, and reconcile any differences between his records and the bank statement. Reconciliation also helps Tom track his spending, detect any fraudulent activities, and maintain control over his finances.

In addition to reconciling his bank statement, Tom should also consider performing formal journal entries. While it may seem unnecessary for someone who relies on digital banking and apps, formal journal entries can provide a comprehensive record of all financial transactions. Journal entries capture the details of each transaction, such as the date, description, debit, and credit amounts. They help maintain a clear audit trail, facilitate accurate financial reporting, and provide a historical record of Tom's financial activities.

By regularly reconciling his bank statement and performing formal journal entries, Tom can avoid potential costs and financial risks. Reconciliation helps identify errors or unauthorized transactions promptly, enabling him to address them with the bank or take appropriate action. It reduces the likelihood of overdrafts, penalties, or fees due to missed payments or incorrect balances. Formal journal entries ensure accurate financial reporting, which can be crucial for tax purposes, financial planning, or obtaining loans in the future. Ultimately, these practices help Tom maintain financial control, improve his financial decision-making, and avoid unnecessary costs or complications.

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(a) Material yield variance = Budgeted price per unit of white flour × (Actual quantity of white flour - (Budgeted quantity of white flour per unit of actual output × actual output)) + Budgeted price per unit of wholegrain flour × (Actual quantity of wholegrain flour - (Budgeted quantity of wholegrain flour per unit of actual output × actual output)) + Budgeted price per unit of yeast × (Actual quantity of yeast - (Budgeted quantity of yeast per unit of actual output × actual output))= 1.80 × (408.5 - (0.45 × 950)) + 2.20 × (152.0 - (0.15 × 950)) + 0.20 × (10.0 - (0.01 × 950))= -15.90.

(b) Three possible reasons why an ADVERSE MATERIAL YIELD variance could arise at OBC are:1. Over-measurement of input quantities: If the workers weigh out too much of the ingredients, it will increase the actual cost of production per unit of output, leading to an adverse material yield variance.2. Under-utilization of inputs: If the workers do not use all the ingredients that are mixed.

3. Poor quality inputs: If the quality of the inputs used is poor, then it may result in a lower actual output. In this case, more inputs will be required to produce the same amount of output, leading to an adverse material yield variance.

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The correctly stated computations are:

Asset turnover ratio = Sales / Average total assets

Receivable turnover ratio = Net sales / Average accounts receivable (net)

Return on assets = Net income / Average total assets

The following computations are incorrectly stated:

Average collection period is not a computation but a measure of the number of days it takes to collect receivables.

Inventory turnover ratio is stated as Net sales ÷ Average inventory, but it should be Cost of goods sold ÷ Average inventory.

Equity multiplier is stated as Average total equity / Average total assets, but it should be Total assets / Total equity.

Return on equity is stated as (Net income + Average total assets) x Equity multiplier, but it should be Net income / Average total equity.

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a. The operating profit will be $82,000.

b. If the sales price decreases by 10 percent, the operating profit will be $67,600. If the sales price increases by 20 percent, the operating profit will be $110,800.

c. If the variable costs per unit decrease by 10 percent, the operating profit will be $85,600. If the variable costs per unit increase by 20 percent, the operating profit will be $74,800.

d. If the fixed costs for the year are 10 percent lower and the variable costs per unit are 10 percent higher, the impact on operating profit for the year cannot be determined without knowing the projected number of units sold and the new fixed costs and variable costs.

a. To calculate the operating profit, we need to subtract the total variable costs and fixed costs from the total sales revenue.

Total variable costs = Variable cost per unit x Number of units sold = $6 x 6,000 = $36,000

Total fixed costs = $26,000

Operating profit = Total sales revenue - Total variable costs - Total fixed costs

Operating profit = (Sales price per unit x Number of units sold) - Total variable costs - Total fixed costs

Operating profit = ($24 x 6,000) - $36,000 - $26,000

Operating profit = $144,000 - $36,000 - $26,000

Operating profit = $82,000

b. If the sales price decreases by 10 percent, the new sales price per unit will be $24 - (10% of $24) = $24 - $2.40 = $21.60.

New operating profit = (New sales price per unit x Number of units sold) - Total variable costs - Total fixed costs

New operating profit = ($21.60 x 6,000) - $36,000 - $26,000

New operating profit = $129,600 - $36,000 - $26,000

New operating profit = $67,600

If the sales price increases by 20 percent, the new sales price per unit will be $24 + (20% of $24) = $24 + $4.80 = $28.80.

New operating profit = (New sales price per unit x Number of units sold) - Total variable costs - Total fixed costs

New operating profit = ($28.80 x 6,000) - $36,000 - $26,000

New operating profit = $172,800 - $36,000 - $26,000

New operating profit = $110,800

c. If the variable costs per unit decrease by 10 percent, the new variable cost per unit will be $6 - (10% of $6) = $6 - $0.60 = $5.40.

New operating profit = (Sales price per unit x Number of units sold) - (New variable cost per unit x Number of units sold) - Total fixed costs

New operating profit = ($24 x 6,000) - ($5.40 x 6,000) - $26,000

New operating profit = $144,000 - $32,400 - $26,000

New operating profit = $85,600

If the variable costs per unit increase by 20 percent, the new variable cost per unit will be $6 + (20% of $6) = $6 + $1.20 = $7.20.

New operating profit = (Sales price per unit x Number of units sold) - (New variable cost per unit x Number of units sold) - Total fixed costs

New operating profit = ($24 x 6,000) - ($7.20 x 6,000) - $26,000

New operating profit = $144,000 - $43,200 - $26,000

New operating profit = $74,800

d. If the fixed costs for the year are 10 percent lower than projected, the new fixed costs will be $26,000 - (10% of $26,000) = $26,000 - $2,600 = $23,400.

If the variable costs per unit are 10 percent higher than projected, the new variable cost per unit will be $6 + (10% of $6) = $6 + $0.60 = $6.60.

New operating profit = (Sales price per unit x Number of units sold) - (New variable cost per unit x Number of units sold) - New fixed costs

New operating profit = ($24 x 6,000) - ($6.60 x 6,000) - $23,400

New operating profit = $144,000 - $39,600 - $23,400

New operating profit = $81,000

Comparing the new operating profit with the previous operating profit of $82,000, we can see that the cost changes have resulted in a decrease in operating profit by $1,000. Therefore, the profit has gone down by $1,000.

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