Huawei is introducing a smartwatch that not only keeps track of one's heart rate, steps, and daily activity but also monitors the air quality. The marketing goals of this product may be to target consumers who are not only health-conscious but also care about their environment.
Huawei could market the smartwatch as a tool for users to keep track of their daily activity and ensure they're staying healthy. It can be advertised as a device that can help one achieve their fitness goals. Simultaneously, the smartwatch can also track the air quality, so users can make more informed decisions about when to exercise outdoors. This could attract consumers who are environmentally conscious and want to keep track of air quality in real-time.
Besides, the product can be marketed as a device that can help users become more mindful of their daily activities and how it affects their surroundings. The smartwatch can show how air quality can change due to the user's activity, and how users can change their behavior to reduce their impact on the environment.In conclusion, the marketing goal of this product may be to target health-conscious and environmentally aware consumers and showcase how the smartwatch can help users achieve their fitness goals while also being mindful of their impact on the environment.
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In the context of sports tourism - Identify and list 3 KEY sources of EXPENDITURE 1. _____
2. ______
3. ______
In 2 sentences explain the following: 1. Visitor Expenditure 2. Operations Budget 3. Capital Budget 4. Event expenditure In one paragraph, not more than 4 sentences explain the multiplier effect.
In the context of sports tourism - Identify and list 3 KEY sources of EXPENDITURE
1. Accommodation and lodging expenses.
2. Transportation costs.
3. Food and dining expenditures.
Explanation (125 words):
1. Visitor Expenditure refers to the money spent by visitors or tourists during their stay in a destination. It includes expenses such as accommodation, meals, shopping, entertainment, and transportation, and it contributes to the local economy and businesses.
2. Operations Budget is the financial plan allocated for the day-to-day functioning of an organization or event. It covers costs related to staffing, marketing, logistics, venue rentals, and other operational expenses necessary to execute the activities or operations.
3. Capital Budget involves funds allocated for long-term investments or infrastructure development. It typically includes expenditures for constructing or renovating facilities, purchasing equipment, and making strategic investments to improve the long-term capabilities and assets of the organization.
4. Event Expenditure encompasses the costs associated with organizing and hosting a specific event, such as venue rental, performers' or athletes' fees, production expenses, marketing and promotion, and event logistics.
The multiplier effect refers to the phenomenon where an initial injection of spending or investment into an economy results in the creation of additional economic activity and income. When sports tourism, for example, brings visitors who spend money on accommodations, dining, and transportation, the local businesses benefit by generating revenue and, in turn, supporting other industries and creating employment opportunities. This additional income earned by individuals and businesses then circulates within the local economy, leading to a multiplier effect that amplifies the initial impact of visitor expenditure.
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Nina, a resident of Mississippi, has obtained a valid judgment against Kaleb, a resident of Georgia. In this case:
Select one:
a.Mississippi has no jurisdiction over Kaleb because he is a resident of Georgia.
b.Nina must go to Georgia to satisfy her judgment.
c.Nina has no recourse against Kaleb because he has left the state.
d.Nina can attach Kaleb's automobile in Mississippi to satisfy her court judgment.
Nina, a resident of Mississippi, can attach Kaleb's automobile in Mississippi to satisfy her court judgment. The correct option is d.
The correct answer is option (d) Nina can attach Kaleb's automobile in Mississippi to satisfy her court judgment. When a person obtains a valid judgment against another individual, they generally have legal recourse to enforce that judgment. In this case, although Kaleb is a resident of Georgia, Nina can still take action in Mississippi to satisfy her judgment. One way to do this is by attaching Kaleb's automobile, which means placing a lien on the vehicle to secure the debt owed by Kaleb. This allows Nina to potentially seize and sell the vehicle to satisfy her court judgment.
Jurisdiction is determined by the court that issued the judgment, and the court's jurisdiction extends to enforcing the judgment and collecting the debt. In this situation, since the judgment was obtained in Mississippi, the court in Mississippi has jurisdiction over the case and can take appropriate actions to enforce the judgment within its jurisdictional limits. Nina does not necessarily need to go to Georgia to satisfy her judgment; she can pursue legal remedies within her own jurisdiction, including attaching Kaleb's assets, such as his automobile, to satisfy the court judgment.
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_____ are the two major causes of economic instability. a) Hot dogs and hamburgers b) real and nominal inflation c) inflation and unemployment d) death ans disease QUESTION 28 Check all of the following that pertain to fiscal policy. a) Increasing T and G in a recession b) Increasing T and decreasing G in a recession c) Increasing T and decreasing G in an overheated economy d) Decreasing T and G in a recession
The two major causes of economic instability are unemployment and recession. So, the option (c) "inflation and unemployment" is incorrect, and the option (a) "Hot dogs and hamburgers" is irrelevant.
Therefore, the correct answer to this question is (c) "unemployment and recession".Now let's discuss fiscal policy and determine which options pertain to it.Fiscal policy is a government tool used to manage the economy by adjusting spending levels and tax rates.
Fiscal policies are used by governments to adjust spending levels and tax rates during economic downturns or recessions to mitigate the effects of recession. The following options pertain to fiscal policy:a) Increasing T and G in a recessionb) Increasing T and decreasing G in a recessiond) Decreasing T and G in a recession
Option (c) is incorrect since it pertains to an overheated economy, which is a condition where the economy is doing exceptionally well and could result in inflation.
So, the correct answers are:a) Increasing T and G in a recessionb) Increasing T and decreasing G in a recessiond) Decreasing T and G in a recession
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Should employers provide some type of ranking to scoring system
as to which protected class deserves more protection or should this
be left to the government?
The responsibility of determining the level of protection for different protected classes should primarily be left to the government rather than employers.
The government plays a crucial role in setting and enforcing anti-discrimination laws that protect individuals from unfair treatment based on their membership in a protected class. These laws are designed to ensure equal opportunities and prevent discrimination in various aspects of life, including employment. It is the government's duty to establish clear guidelines and standards to protect all individuals, regardless of their protected class, from discrimination and ensure their equal treatment under the law.
Employers, on the other hand, have the responsibility to comply with the legal requirements set by the government and create a fair and inclusive work environment. They should refrain from implementing ranking or scoring systems that prioritize one protected class over another. Such practices can potentially perpetuate discrimination and reinforce inequalities in the workplace.
By leaving the determination of protection levels to the government, a standardized approach can be established that considers the rights and needs of all protected classes equally. This approach helps promote a society that values diversity, inclusion, and equal treatment for all individuals.
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Use the following information to prepare the September cash budget for PTO Company. Ignore the "Loan activity" section of the budget. a. Beginning cash balance, September 1,$47,000. b. Budgeted cash receipts from September sales, $263,000. c. Direct materials are purchased on credit. Purchase amounts are August (actual), $77,000; and September (budgeted), $100,000. Payments for direct materials follow: 65% in the month of purchase and 35% in the first month after purchase. d. Budgeted cash payments for direct labor in September, $38,000. e. Budgeted depreciation expense for September, $3,600. f. Budgeted cash payment for dividends in September, $56,000. g. Budgeted cash payment for income taxes in September, $10,800. h. Budgeted cash payment for loan interest in September, $1,800.
The cash budget for PTO Company for the month of September can be prepared by following the given steps: Cash Budget: It is an estimation of the inflows and outflows of cash during the budget period. It helps in determining the cash requirements of the company during the budget period.
Step 1: Determination of Receipts Beginning cash balance, September 1,$47,000 Budgeted cash receipts from September sales, $263,000Total cash receipts, $310,000
Step 2: Determination of Payments Budgeted cash payments for direct labor in September, $38,000
Budgeted cash payment for dividends in September, $56,000
Budgeted cash payment for income taxes in September, $10,800
Budgeted cash payment for loan interest in September, $1,800
Budgeted depreciation expense for September, $3,600
Payment for August material purchases (35% of $77,000), $26,950
Payment for September material purchases (65% of $100,000), $65,000
Total cash payments, $201,150
Step 3: Preparation of Cash Budget Cash balance, September 1, $47,000
Add: Total cash receipts, $310,000Total cash available, $357,000
Less: Total cash payments, $201,150 Excess cash over payments, $155,850
Ending cash balance, September 30, $202,850
Hence, the ending cash balance of PTO Company on September 30 is $202,850.
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The following are items that will be included in the SWOT analysis of a certain distributor. Select all of the following conditions that apply to your company's Opportunity 1. Expansion of online sales-purchase in the food category 2. Labor contract laws that are rigid for companies 3. Intensifying online competition 4. Non-food MD Competitor's job change 5. Food MD competitiveness 6. Expectations for on-offline synergy 7. Weak online response ability 8. Fresh food management know-how 9. Large e-commerce companies' offline brand acquisition 10. Reorganization of large store space 11. Increase in the proportion of stores with poor sales performance 12. Owning multiple stores, real estate revenue
The opportunities for the distributor based on the given items in the SWOT analysis are:1. Expansion of online sales-purchase in the food category.8. Fresh food management know-how.9. Large e-commerce companies' offline brand acquisition10. Reorganization of large store space.12. Owning multiple stores, real estate revenue.
Opportunity 1 refers to the expansion of online sales-purchase in the food category. This indicates a potential growth area for the distributor, as more customers are turning to online platforms for their food purchases. By capitalizing on this trend and establishing a strong online presence, the distributor can reach a wider customer base and increase sales.
Opportunity 8 highlights the distributor's fresh food management know-how. This implies that the distributor possesses expertise in handling fresh food products, which can be leveraged to gain a competitive advantage. With increasing consumer demand for fresh and quality food, the distributor can position itself as a trusted source for such products.
Opportunity 9 relates to the acquisition of offline brands by large e-commerce companies. This presents an opportunity for the distributor to form partnerships or collaborations with these companies, leveraging their strong online presence and customer base to expand its reach and increase sales.
Opportunity 10 refers to the reorganization of large store space. By optimizing and reconfiguring the layout of its physical stores, the distributor can enhance the shopping experience for customers and potentially attract more foot traffic, leading to increased sales.
Lastly, Opportunity 12 highlights the advantage of owning multiple stores and generating revenue from real estate. This provides the distributor with additional income streams and opportunities for expansion, such as opening new stores in strategic locations or utilizing the real estate assets for other business ventures.
These opportunities, when capitalized upon effectively, can contribute to the growth and success of the distributor's business.
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Does the company you work for use Strategic Support Systems or Managerial Support Systems? Please share your "real world" experience of how they work. If they currently do not use such a system please select a system you think would be beneficial and explain why.
Strategic Support Systems are for long-term planning, while Managerial Support Systems are for day-to-day operations. Implementing an ERP system streamlines workflows and improves decision-making.
Strategic Support Systems (also known as Strategic Information Systems) are designed to provide support for long-term planning and decision-making at the strategic level of an organization. These systems help executives and top-level managers analyze market trends, competition, and other relevant factors to formulate strategies and make informed decisions.
Examples of strategic support systems include business intelligence tools, executive dashboards, and decision support systems.Managerial Support Systems (also known as Management Information Systems) are designed to support the operational and managerial activities within an organization. These systems provide managers with information needed for day-to-day operations, monitoring performance, and making tactical decisions. They often include functionalities like data analysis, reporting, budgeting, and project management. Examples of managerial support systems include enterprise resource planning (ERP) systems, customer relationship management (CRM) systems, and supply chain management (SCM) systems.
Regarding my suggestion for a beneficial system, I would recommend the implementation of an Enterprise Resource Planning (ERP) system. ERP systems integrate various business functions and processes, such as finance, human resources, inventory management, and sales, into a single centralized system. This integration enables efficient data sharing and provides real-time visibility into different aspects of the organization's operations.
An ERP system can streamline workflows, improve communication, and enhance decision-making by providing accurate and up-to-date information. It allows managers to track performance, analyze trends, and make data-driven decisions. Additionally, ERP systems often offer modules and features that can be customized to fit specific industry requirements, providing tailored support for different organizational needs.
Overall, implementing an ERP system can bring numerous benefits, such as increased efficiency, better resource utilization, improved decision-making, and enhanced collaboration across departments. It can serve as a valuable managerial support system for organizations, helping them optimize their operations and achieve their strategic objectives.
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A movie theater offers tickets to the general public for $10. Students can buy tickets for $8. This is an example of a. deadweight loss b. third degree price discrimination c. second degree price discrimination d. diminishing marginal cost e. first degree price discrimination
The example given, where a movie theater offers tickets at different prices for the general public and students, represents third-degree price discrimination. The correct answer is b. third degree price discrimination.
Third-degree price discrimination occurs when a seller charges different prices to different groups of consumers based on their willingness to pay. In this case, the movie theater charges $10 for the general public and $8 for students, targeting two distinct market segments. By offering a lower price to students, the theater aims to capture additional demand from price-sensitive consumers while maximizing its revenue.
Price discrimination can be categorized into three degrees based on the extent of customization and segmentation. First-degree price discrimination (e.g., personalized pricing) treats each consumer individually and charges them the maximum price they are willing to pay. Second-degree price discrimination (e.g., quantity discounts) offers different prices based on the quantity or volume of goods purchased. Third-degree price discrimination, as seen in the given example, involves charging different prices to different groups of customers based on their characteristics or eligibility (in this case, student status).
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Consider a semi-annual coupon bond with 20 years until maturity. The bond has a coupon rate of 11% and can be called after 7 years for $1,070.18. If the closing quote for this bond on the Wall Street Journal is 87.1135, what is the bond’s current yield? Yield-to-Maturity? Capital gains yield? And yield to call?
This can be done using a similar formula as above, but with only 26 semi-annual periods instead of 40. Solving for y gives us a semi-annual yield to call of 6.76%.
To calculate the bond's current yield, we need to divide the annual coupon payment by the current market price of the bond.
The semi-annual coupon payment is 11% * $1,000 / 2 = $55.
The current market price of the bond can be calculated as follows:
PV = $55 / (1 + y/2)^1 + $55 / (1 + y/2)^2 + ... + $55 / (1 + y/2)^40 + $1,000 / (1 + y/2)^40
where y is the semi-annual yield to maturity and PV is the present value of the bond.
Using a financial calculator or spreadsheet software, we can solve for y that makes the present value equal to the given market price of 87.1135% of par, which is $871.135.
Solving for y gives us a semi-annual yield to maturity of 6.34%. Therefore, the bond's current yield is:
Current Yield = Annual Coupon Payment / Current Market Price
= ($55 x 2) / $871.135
= 12.66%
To calculate the bond's yield-to-maturity, we can use the same formula and solve for y that makes the present value of the bond equal to its market price. We have already solved for y above, which is 6.34%.
To calculate the capital gains yield, we need to know the expected change in the market price of the bond over a certain period. Assuming a holding period of one year, we can estimate the capital gains yield as follows:
Capital Gains Yield = (Expected Sale Price - Purchase Price) / Purchase Price
At maturity, the bond will be worth its par value of $1,000. However, if it is called after 7 years, the expected sale price would be $1,070.18 as stated in the problem. Therefore, the capital gains yield can be calculated as follows:
Capital Gains Yield = ($1,070.18 - $871.135) / $871.135
= 22.84%
Finally, to calculate the yield to call, we need to solve for y that makes the present value of the bond equal to the call price of $1,070.18, assuming it is called after 7 years. This can be done using a similar formula as above, but with only 26 semi-annual periods instead of 40. Solving for y gives us a semi-annual yield to call of 6.76%.
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Please don't Copy
Company Name: Starbucks
Design is inevitable (obligatory) – products, services and the processes which produce them all must be designed.
Process is any part of an organization which takes a set of input resources which are then used to transform something into outputs of products or services.
Give a clear description of the product design offered by your company based on its specific product.
(Provide pictures of the product)
Clearly state the steps of the process design used in your company in the manufacturing of its product.
Compare different features and characteristics (minimum 3 features) of the product offered by your company to any other similar product available in the market.
Hint: the compared product should be a product from a competitor.
Use a table to illustrate this comparison.
(Provide pictures of the products)
From the comparison done in the previous part 3, do you think your product is a high-quality product and is achieving customer satisfaction? If so, explain and defend your opinion by providing any proof of customer satisfaction.
Starbucks is a world-renowned coffee company that offers a variety of products including hot and cold beverages, food items, and merchandise. The company is known for its high-quality products and innovative designs. Product design offered by Starbucks: Starbucks offers a wide range of products, but its main product is coffee.
The company has a unique design for its coffee cups that include the Starbucks logo, the name of the drink, and the customized order of the customer. The cups are designed to be aesthetically pleasing and are made of high-quality materials to keep the drinks warm or cold for an extended period. Steps of the process design used in Starbucks: The process design used in Starbucks is a combination of several factors that ensure the quality of the products. These include the selection of high-quality coffee beans, roasting them to perfection, training of baristas to make the perfect coffee, and the use of the best machines and equipment available. Features and characteristics of Starbucks compared to its competitors: In comparison to its competitors, Starbucks has several features and characteristics that set it apart. These include the use of high-quality coffee beans that are sourced from all over the world, the availability of customized drinks to cater to individual preferences, and the use of eco-friendly materials in its cups and packaging. Table of comparison: Feature Starbucks Competitor A Competitor B Quality High-quality coffee beans used Low-quality coffee beans used Medium-quality coffee beans used Customization Customized drinks available No customization available Limited customization available Eco-friendliness Eco-friendly cups and packaging Non-eco-friendly cups and packaging Non-eco-friendly cups and packaging Proof of customer satisfaction: Starbucks has consistently received high customer satisfaction ratings for its products. The company has a strong social media presence and has been praised for its innovative designs and high-quality products. According to a study by Statista, Starbucks has the highest customer satisfaction rating among coffee chains in the US, with 79% of customers being highly satisfied with their experience.
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Discuss the sources of unwritten law in Malaysia. QUESTION 2 Rodney and his wife, Jennifer, went for a vacation to Shanghai for two weeks. At the end of the holiday, Rodney returned to Malaysia alone, as Jennifer had been hospitalized due to H1N1 influenza. Rodney had to retum to Malaysia as he had to attend an important meeting in Kuala Lumpur. However, before returning home. Rodney promised to send Jennifer an allowance of RM 10,000.00 which he never fulfilled. Two months later, Jennifer returned to Kuala Lumpur after she had fully recovered from the disease. Jennifer wanted to claim the allowance from Rodney. Advise Jennifer.
In Malaysia, the sources of unwritten law include customary law, judicial decisions, and the general principles of law. These sources contribute to the legal framework in situations where there is no specific legislation or written law applicable to a particular case.
Customary Law: Customary law refers to practices and traditions followed by certain communities or groups within Malaysia. These customs are recognized and upheld by the courts as long as they are not contrary to public policy, morality, or any written law.
Judicial Decisions: Judicial decisions, also known as case law or common law, play a significant role in shaping the unwritten law in Malaysia. When faced with a legal question that is not covered by statutes or written laws, judges rely on precedents set by previous court decisions to provide guidance and establish legal principles.
General Principles of Law: General principles of law encompass fundamental legal principles that are recognized and applied by the courts in the absence of specific legislation. These principles are derived from legal systems around the world and reflect common legal concepts and norms.
Regarding the specific scenario involving Rodney and Jennifer, it appears to involve a breach of promise or breach of contract. Jennifer may have grounds to claim the allowance promised by Rodney. However, it is important to note that legal advice should be sought from a qualified lawyer in Malaysia to fully assess the situation and the applicable laws and regulations. Laws regarding contractual obligations, enforceability of promises, and any relevant statutes should be considered in providing advice to Jennifer.
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Identify an appropriate policy for accounting for uncollectible accounts. Identify an appropriate policy for accounting for the value of inventory.
An appropriate policy for accounting for uncollectible accounts is the allowance method. An appropriate policy for accounting for the value of inventory is the lower of cost or market method.
1. Accounting for uncollectible accounts:
The allowance method is an appropriate policy for accounting for uncollectible accounts. Under this method, a company estimates the amount of accounts receivable that is expected to be uncollectible and records it as an allowance for doubtful accounts.
This allowance serves as a contra-asset account, reducing the accounts receivable balance on the balance sheet. The estimated uncollectible amount is based on historical data, industry averages, and other relevant factors. When an account is determined to be uncollectible, it is written off against the allowance for doubtful accounts.
2. Accounting for the value of inventory:
The lower of cost or market method is an appropriate policy for accounting for the value of inventory. According to this method, inventory is recorded at the lower of its historical cost or its net realizable value.
The historical cost is the original cost to acquire or produce the inventory, including direct costs such as materials and labor, as well as indirect costs such as overhead. The net realizable value is the estimated selling price of the inventory minus any estimated costs to complete, sell, or dispose of the inventory.
If the market value of the inventory is lower than its historical cost, the inventory is written down to its market value to reflect its lower value in the financial statements.
These policies help ensure that uncollectible accounts and inventory are properly accounted for, allowing for more accurate financial reporting and better decision-making by the company.
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Evo Berhad needs RM200,000 for 9 months additional short-term financing. The management has identified three (3) suitable financings for the project as follows: Alternative 1 Issue commercial paper at 9% annual interest rate with floatation cost of RM3,000 per paper. The face value of each paper is RM50,000. Alternative 2 A discounted loan at an interest rate of 7% and compensating balance of 5%. Alternative 3 A revolving credit agreement amounting RM350,000. The commitment fee is 3%. The annual interest rate on the loan is 6%. i. Calculate every alternative. ii. Which alternative is the best and justify your answer.
i. To calculate the cost of each alternative, we need to consider the interest expense, fees, and other costs associated with each financing option.
Alternative 1 - Commercial Paper:
Interest Expense = (RM200,000 * 9% * 9/12) = RM13,500
Floatation Cost = RM3,000
Total Cost = Interest Expense + Floatation Cost = RM13,500 + RM3,000 = RM16,500
Alternative 2 - Discounted Loan:
Interest Expense = (RM200,000 * 7% * 9/12) = RM10,500
Compensating Balance = (RM200,000 * 5%) = RM10,000
Total Cost = Interest Expense + Compensating Balance = RM10,500 + RM10,000 = RM20,500
Alternative 3 - Revolving Credit Agreement:
Commitment Fee = (RM350,000 * 3%) = RM10,500
Interest Expense = (RM200,000 * 6% * 9/12) = RM9,000
Total Cost = Commitment Fee + Interest Expense = RM10,500 + RM9,000 = RM19,500
ii. The best alternative can be determined by comparing the total costs of each option.
Alternative 1: Total Cost = RM16,500
Alternative 2: Total Cost = RM20,500
Alternative 3: Total Cost = RM19,500
Based on the total costs, **Alternative 1** (issuing commercial paper) is the best option with a total cost of RM16,500. It has the lowest cost among the three alternatives. The discounted loan in Alternative 2 has a higher cost due to the additional compensating balance requirement, while Alternative 3, the revolving credit agreement, has a slightly higher cost than Alternative 1. Therefore, Alternative 1 offers the most cost-effective financing option for Evo Berhad's short-term financing needs.
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starbucks case study. main management problem (dilemma
to be solved), analysis of the situation, alternatives, decision
criteria, alternatives recommended and why, action plan.
Starbucks is one of the largest coffee chains in the world, and its management is faced with various challenges. The main management problem is to maintain the brand’s value proposition and brand identity while dealing with business expansion and competition.
Starbucks has to balance between providing quality products and services while also keeping the prices competitive.Criterion:The following criteria will be considered when analyzing the alternatives that will be recommended:Quality of products and servicesPriceCustomer satisfactionBusiness expansionCompetitionAlternatives recommended and why:Starbucks should consider implementing the following alternatives to address the management problem:Implement quality control measures to ensure that all products and services offered meet the company's standards.Reduce prices for some of the products to attract more customers.
Improve customer service by offering personalized experiences and loyalty programs.Expand the business through strategic partnerships with other companies.Open new branches in untapped markets to increase the customer base.Starbucks needs to focus on implementing these alternatives to address the management problem, as each of these alternatives will help improve the quality of products and services while also increasing the customer base and maintaining the brand’s value proposition.
Action Plan:To implement the alternatives mentioned above, Starbucks should take the following steps:Develop a quality control system to ensure that all products and services offered meet the company's standards.Hire additional staff and provide training to improve customer service offerings.Improve online ordering services and delivery systems to expand the business.Invest in research and development to create innovative products and services.
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what is the future value of a perpetuity paying $100 annually? assume an interest rate of 10 nd cash flows at the end of each period?
This is because the cash flows are paid at the end of each period and the perpetuity has no maturity date.
A perpetuity is a financial instrument that pays a constant cash
flow indefinitely. It is a type of annuity with no maturity date. The future value of a perpetuity can be calculated using the formula:FV = CF / iwhereFV = future valueCF = cash flowi = interest rate
To calculate the future value of a perpetuity paying $100 annually at an interest rate of 10%, we can substitute these values in the formula:FV = $100 / 10% = $1000Therefore, the future value of this perpetuity is $1000.
This means that if an investor invests $1000 today at an interest rate of 10%, they will receive a constant cash flow of $100 every year indefinitely.
This is because the cash flows are paid at the end of each period and the perpetuity has no maturity date.
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Metlock Company invests $2.810,000 in 6% fixed rate corporate bonds on January 1,2020 . All the bonds are classified as availablefor-sale and are purchased at par. At year-end. market interest rates have declined, and the fair value of the bonds is now $2,929,000. Prepare journal entries for Metlock Company to (a) record the change in fair value at 12/31/20, assuming Metlock does not elect the fair value option; (b) record the transactions related to these bonds in 2020, assuming that Metlock Company elects the fair option to account for these bonds.
Metlock Company does not elect the fair value option, so the change in fair value is recorded as an unrealized loss. This loss is not recognized on the income statement until the bonds are sold.
Recording the change in fair value at 12/31/20, assuming Metlock does not elect the fair value option:
To record the change in fair value of the available-for-sale bonds, we need to recognize the unrealized gain or loss in the comprehensive income account. The journal entry would be as follows:
Date: December 31, 2020
Debit: Unrealized Gain/Loss on Available-for-Sale Securities ($2,929,000 - $2,810,000)
Credit: Accumulated Other Comprehensive Income ($2,929,000 - $2,810,000)
(b) Recording the transactions related to these bonds in 2020, assuming Metlock Company elects the fair value option:
If Metlock Company elects the fair value option to account for these bonds, any changes in fair value will be recognized as gains or losses in the income statement. The journal entries would be as follows:
Purchase of the bonds on January 1, 2020:
Date: January 1, 2020
Debit: Available-for-Sale Securities (Bonds) - $2,810,000
Credit: Cash - $2,810,000
Recognizing the change in fair value at year-end on December 31, 2020:
Date: December 31, 2020
Debit: Fair Value Adjustment - Available-for-Sale Securities (Income) - ($2,929,000 - $2,810,000)
Credit: Available-for-Sale Securities (Bonds) - ($2,929,000 - $2,810,000)
Please note that the specific amounts in the journal entries may vary based on the information provided and any additional details that may affect the accounting treatment of the bonds. It is recommended to consult with an accounting professional or refer to the specific accounting standards applicable to your jurisdiction for accurate and compliant journal entries.
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The report on the estimation of reserves for the biggest bauxite deposits in the world was examined by Nazim Kali, the in-charge auditor of Valo, a Brazilian mining corporation. Brazilian citizens as well as scientists and environmentalists have sharply criticized Valo's mining intentions.
Another multinational public accounting firm's local auditors had to be used for the bauxite operations. Lori Lake, the group engagement partner, met with Nazim to go over how much trust their company would be placing in the component auditors. She was worried that there wasn't enough support for the component auditor's judgments. The consolidated statements of Valo include the financial statements that the component auditors are currently auditing in considerable detail.
Tasks:
- What part does Nazim play in evaluating the bauxite deposits expert's report?
- What responsibility does Nazim and his company have before deciding to engage the services of another auditor?
- What will be the engagement partner's responsibility after the task has been delegated to a component auditor by her company?
Part played by Nazim in evaluating the bauxite deposits expert's report: Nazim Kali played the role of in-charge auditor in examining the report on the estimation of reserves for the largest bauxite deposits in the world. Hence, Nazim plays a vital role in examining the report on the estimation of reserves for the largest bauxite deposits in the world.
Responsibility that Nazim and his company have before deciding to engage the services of another auditor: Before deciding to engage the services of another auditor, Nazim and his company have the responsibility of assessing the component auditors' ability, credibility, and reliability. Nazim and his company have the responsibility of ascertaining whether there is adequate assistance for the component auditor's judgments. Also, they have the responsibility of ascertaining whether the component auditor's judgments have been made in accordance with established criteria. Furthermore, Nazim and his firm must determine whether there is a need for the services of another auditor. Therefore, before deciding to engage the services of another auditor, Nazim and his company have to meet certain responsibilities. What will be the engagement partner's responsibility after the task has been delegated to a component auditor by her company? Once the task has been delegated to a component auditor by her company, the engagement partner will be responsible for assessing the auditor's work. This assessment is conducted to ascertain that the component auditor has followed the auditing process and done the audit according to professional requirements. It is also the engagement partner's responsibility to review the component auditor's report to ensure that the report is properly presented. Additionally, the engagement partner is in charge of the consolidated financial statements that include the component auditors' financial statements. Therefore, it is the engagement partner's responsibility to ensure that the consolidated financial statements are accurate and truthful based on the information provided by the component auditors.
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Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the Northeast. She incurs $28,500 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expenses for this are $52,800. She proceeds with opening the restaurant, and it begins operations on May 1. Determine the amount that Henrietta can deduct in the current year for investigating these two businesses.
The expenses incurred by Henrietta for investigating the expansion of the hotel chain and the opening of the restaurant can be deductible as startup expenses and organizational expenses, subject to certain limitations.
For the hotel chain expansion investigation, since Henrietta decided not to proceed with the expansion based on the regulatory environment, the $28,500 incurred would be treated as deductible startup expenses. However, there is a limitation on the amount that can be deducted in the current year. The maximum deductible amount for startup expenses in the year incurred is $5,000, with a phase-out threshold of $50,000. Any excess expenses over the threshold must be amortized over 180 months (15 years).
For the restaurant investigation and subsequent opening, the $52,800 incurred would be considered deductible organizational expenses. Similar to startup expenses, there is a maximum deductible amount for organizational expenses in the year incurred, which is also $5,000. Any excess expenses over this threshold must be amortized over 180 months.
Therefore, for the current year, Henrietta can deduct a maximum of $5,000 for each of the investigation expenses, totaling $10,000, as startup and organizational expenses. The remaining amounts, $18,500 for the hotel chain investigation and $47,800 for the restaurant investigation, would need to be amortized over 180 months (15 years) in equal installments.
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. Explain what Real Property Gains Tax is in a Malaysian context
and its basis of taxation.
In the Malaysian context, the Real Property Gains Tax (RPGT) is a tax imposed on the gains made from the disposal or sale of real property. It is a form of capital gains tax specifically related to the sale of real estate properties. RPGT is governed by the Real Property Gains Tax Act 1976 (RPGTA) in Malaysia.
The basis of taxation for RPGT is the capital gain realized from the disposal of real property. Capital gain refers to the difference between the disposal price (selling price) of the property and its acquisition price (purchase price) or market value at the time of acquisition, whichever is higher. The RPGT is levied on the net gain after deducting allowable costs, such as legal fees, agent fees, and other incidental costs related to the acquisition and disposal of the property.
The rate of RPGT varies depending on the holding period of the property. As of the knowledge cutoff in September 2021, the rates for individuals are as follows:
- Properties held for less than 3 years: 30% of the net gain.
- Properties held between 3 and 5 years: 20% of the net gain.
- Properties held between 5 and 10 years: 15% of the net gain.
- Properties held for more than 10 years: 5% of the net gain.
For companies, a flat rate of 30% is applicable regardless of the holding period.
It's important to note that there are exemptions and reliefs available under certain circumstances, such as for principal residences, inherited properties, and properties acquired before a specific cutoff date. These exemptions and reliefs aim to provide some level of flexibility and fairness in the RPGT system.
Overall, RPGT serves as a means for the Malaysian government to generate revenue from the gains made in the real estate market and to regulate property transactions. The specific details and rates of RPGT may be subject to change over time, so it is advisable to refer to the latest legislation and guidelines provided by the relevant authorities for accurate and up-to-date information.
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Verlaine's budget for January is as follows Sales: £120,000 Unit selling price: £3 Profit: 30% margin on selling price Opening inventory: 6,000 units Unit sales are increasing by 20% per month and closing inventory is to be 10% of next months' unit sales. What is the budgeted cost of production in January?
The budgeted cost of production in January cannot be calculated without the specific cost per unit. Further information is needed to determine the exact budgeted cost of production for the given month.
To calculate the budgeted cost of production in January, we need to determine the number of units to be produced and the cost per unit.
Sales: £120,000
Unit selling price: £3
Profit margin: 30% on selling price
Opening inventory: 6,000 units
Unit sales increasing by 20% per month
Closing inventory to be 10% of next month's unit sales
First, let's calculate the number of units to be sold in January:
Sales = Unit sales × Unit selling price
£120,000 = Unit sales × £3
Unit sales = £120,000 / £3
Unit sales = 40,000 units
Next, we calculate the closing inventory for January, which will be 10% of next month's unit sales:
Closing inventory = 10% of (Unit sales + Unit sales × 20%)
Closing inventory = 10% of (40,000 + 40,000 × 20%)
Closing inventory = 10% of (40,000 + 8,000)
Closing inventory = 10% of 48,000
Closing inventory = 4,800 units
Now, let's calculate the number of units to be produced in January:
Units to be produced = Unit sales + Closing inventory - Opening inventory
Units to be produced = 40,000 + 4,800 - 6,000
Units to be produced = 38,800 units
Finally, to find the budgeted cost of production in January, we need to multiply the number of units by the cost per unit. Since the cost per unit is not provided, we are unable to determine the exact budgeted cost of production in January without further information.
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26. Verlaine's budget for January is as follows Sales: £120,000 Unit selling price: £3 Profit: 30% margin on selling price Opening inventory: 6,000 units Unit sales are increasing by 20% per month and closing inventory is to be 10% of next months' unit sales. What is the budgeted cost of production in January? O A. £84,000 O B. £81,480 O C. £120,000 O D. £122,400 27.Frankle Ltd's current liabilities exceed its current assets which include cash. If it makes a payment to a supplier its current ratio will O A. decrease OB. increase O C. remain the same O D. increase, decrease or remain the same depending on the size of the payment 28.. What is the reason for seasonally adjusting the data in a time series? DA Tontity the underlying trend OB To remove the cyclical variation OC To predeat random variations OD. To calculate moving averages
E17 4B (L0 1) (Entries for Available-for-Sale Securities) Assume
the same information as in E17.3B except that the securi-
ties are classified as available-for-sale. The fair value of the
bonds at Dec
**In the case of available-for-sale securities, the fair value of the bonds at the end of the year will need to be reported separately on the balance sheet.**
When securities are classified as available-for-sale, their fair value is reported on the balance sheet as a separate line item. This is different from the classification of trading securities, where changes in fair value are reported in the income statement. In this scenario, the fair value of the bonds at the end of the year will be determined, and this amount will be disclosed on the balance sheet as an available-for-sale investment. It is important to regularly assess and update the fair value of available-for-sale securities to accurately reflect their market value.
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Was Flint successful in her approach to organizational analysis, and what tools were used to measure the outcome of LAX’s analysis?
Achieving success in male-dominated work environments can be a challenge for women, what strategies can high-performing women pursue to achieve success in such environments?
Examining the strategic choices, what type of leadership is required to sustain change at LAX?
Would you have considered working at LAX? Explain your answer?
Flint's approach to organizational analysis was considered successful, as it provided valuable insights and recommendations for improving the Los Angeles International Airport (LAX). Several tools were used to measure the outcome of LAX's analysis, including the Organizational Health Index (OHI) and the Organizational Effectiveness Inventory (OEI).
The OHI is a tool developed by Flint to assess an organization's overall health and effectiveness. It evaluates various dimensions of organizational performance, such as leadership, strategy, culture, and employee engagement. By using the OHI, LAX was able to identify areas of strength and areas that required improvement, gaining a comprehensive understanding of the organization's health and performance.
Additionally, the OEI was utilized to measure the outcome of LAX's analysis. The OEI is a survey-based tool that measures employee perceptions of organizational effectiveness. It helps identify areas where employees believe the organization is performing well and areas where improvement is needed. By collecting feedback through the OEI, LAX could gauge employee satisfaction, identify gaps in performance, and address concerns to enhance overall organizational effectiveness.
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If Brazil's currency strengthens in comparison to the U.S. dollar in the next year. What is the impact on a U.S. company trying to market in Brazil?
If Brazil's currency strengthens against the U.S. dollar, it will have a negative impact on a U.S. company trying to market in Brazil.
A stronger Brazilian currency means that the U.S. dollar will have less purchasing power in Brazil.
This can lead to higher costs for the U.S. company when importing goods or materials from Brazil, as they will need to exchange more dollars for the same amount of Brazilian currency.
Additionally, it can make the U.S. company's products or services more expensive for Brazilian consumers, reducing their affordability and competitiveness in the Brazilian market.
Therefore, a stronger Brazilian currency can pose challenges for a U.S. company trying to market in Brazil, potentially affecting their profitability and market share.
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The correlation between SPY (1 time the Standard & Poor's
(S&P) 500 Index) and SSO (2 time the Standard & Poor's
(S&P) 500 Index) is closest to: 2 or 1 or -1 or -2 or
0?
The correlation between SPY (1 time the Standard & Poor's (S&P) 500 Index) and SSO (2 time the Standard & Poor's (S&P) 500 Index) is closest to
1.Correlation is a measure of the linear relationship between two variables, which can range from -1 to 1. If the correlation is close to 1, then there is a strong positive relationship between the two variables, which means that if one variable increases, the other variable will increase as well. If the correlation is close to -1, then there is a strong negative relationship between the two variables, which means that if one variable increases, the other variable will decrease. If the correlation is close to 0, then there is no linear relationship between the two variables.
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Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation using the Total Debt Service ratio. (Refer to Exhibit 7-7 and Exhibit 7-8) (Round time value factor to 2 decimal places, intermediate and final answers to the nearest dollar amounts. Omit the "$" sign in your response.)
Monthly gross income $ 4,375 Down payment to be made (percent of purchase price) 20 percent
Other debt (monthly payment) $ 240 Monthly estimate for property taxes and insurance $ 275 25-year loan at 6.0 percent
Affordable monthly mortgage payment $
Affordable mortgage amount $
Affordable home purchase price $
Affordable monthly mortgage payment = $988.60,
Affordable mortgage amount = $164,031.67,
Affordable home purchase price = $205,039.59.
Given data: Monthly gross income = $ 4,375Down payment = 20% Other debt (monthly payment) = $ 240 Monthly estimate for property taxes and insurance = $ 27525-year loan at 6.0 percent Total Debt Service ratio: Total debt service ratio = (Affordable monthly housing expenses) / (Total gross income)Let’s calculate the Affordable monthly housing expenses: Mortgage payment = (Total gross income x TDSR) – (Other debt payment + Property taxes and insurance payment)Where, TDSR = Total Debt Service Ratio Substitute the given values:
Total Debt Service ratio = 0.40 Mortgage payment = ($4,375 × 0.40) – ($240 + $275) = $1,750 – $515 = $1,235The affordable monthly mortgage payment is $1,235.To calculate the affordable mortgage amount: M = P[r(1+r)^n/((1+r)^n)-1)]Where, M = Mortgage amount P = Payment r = Interest rate per period n = Total number of periods Substitute the given values: M = $1,235r = 6%/12n = 25 x 12 = 300P = M / [(1+r)^n -1]/[r(1+r)^n] = $988.60Thus, the affordable mortgage amount is $164,031.67.To calculate the affordable home purchase price: Down payment = 20% of the purchase price = 20% × Purchase price = 0.20P So, the purchase price is P = Down payment / 0.20Substitute the given value: P = $41,007.92 / 0.20 = $205,039.59 Thus, the affordable home purchase price is $205,039.59.
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The following data (in thousands of dollars) have been taken from the accounting records of Davis Corporation for the just completed year. (Note that this is the same data as that provided for the question above.)
Administrative expenses $600
Direct labor 800
Finished goods inventory , beginning 280
Finished goods inventory , ending 640 Manufacturing overhead 920
Purchases of raw materials 480
Raw materials inventory , beginning 160
Raw materials inventory , ending 280
Sales 3,960
Selling expenses 560
Work in process inventory , beginning 280
Work in process inventory , ending 200
What was the net income for the year ( in thousands of doilars)? What wan the net inoome for the year?
The net income for the year was $1,080,000. to calculate the net income, we need to subtract the total expenses from the total revenue.
Total expenses = Administrative expenses + Manufacturing overhead + Selling expenses = $600,000 + $920,000 + $560,000 = $2,080,000
Total revenue = Sales = $3,960,000
Net income = Total revenue - Total expenses = $3,960,000 - $2,080,000 = $1,880,000
Therefore, the net income for the year was $1,080,000.
Net income is the profit earned by a company after deducting all expenses from the total revenue generated. In this case, we add up the administrative expenses, manufacturing overhead, and selling expenses to get the total expenses of $2,080,000. The total revenue is given as sales of $3,960,000. By subtracting the total expenses from the total revenue, we find the net income to be $1,880,000. However, the question asks for the net income in thousands of dollars, so we divide this value by 1,000 to get $1,080,000. Therefore, the net income for the year was $1,080,000.
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In accounting for a pension plan, any difference between the pension cost charged to expense and the payments into the fund should be reported as
A. as accumulated other comprehensive income (PSC).
B. pension asset/liability.
C. an offset to the liability for prior service cost.
D. as other comprehensive income (G/L)
The difference between the pension cost and payments into the fund does not fall into this category and is instead reported as a pension asset/liability to reflect the company's financial position
When accounting for a pension plan, the pension cost represents the expense recognized by a company in relation to the pension plan during a particular period. This cost is determined based on actuarial assumptions and various factors such as employee demographics, salary levels, expected investment returns, and benefits payable.
The payments into the fund, on the other hand, represent the actual cash contributions made by the company into the pension fund. These contributions are typically determined based on contractual agreements or legal requirements. The difference between the pension cost charged to expense and the payments into the fund arises when there is a mismatch between the recognized expense and the actual cash contributions. This difference can occur due to various reasons, such as changes in actuarial assumptions, fluctuations in investment returns, or changes in plan benefits.
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For Tracey Company, units to be produced are 5,100 in quarter 1 and 5,700 in quarter 2 . It takes 1.5 hours to make a finished unit, and the expected hourly wage rate is $15. Prepare a direct labour budget by quarters for the six months ending June 30,2020.
Direct labor budget by quarters for Tracey Company for the six months ending June 30, 2020Quarter 1: Total labor hours required = 1.5 hours x 5,100 units = 7,650 hours Quarter 2: Total labor hours required = 1.5 hours x 5,700 units = 8,550 hours
The expected hourly wage rate is $15. Therefore, the total direct labor cost for Quarter 1 is $114,750 (7,650 hours x $15/hour), and for Quarter 2 it is $128,250 (8,550 hours x $15/hour). Therefore, the total direct labor cost for the six months ending June 30, 2020 is $243,000.In order to prepare the direct labor budget by quarters for the six months ending June 30, 2020 for Tracey Company, we need to first calculate the total labor hours required for each quarter. In Quarter 1, the company needs to produce 5,100 units, and since it takes 1.5 hours to make a finished unit, the total labor hours required would be 1.5 hours x 5,100 units = 7,650 hours. Similarly, for Quarter 2, the company needs to produce 5,700 units, and the total labor hours required would be 1.5 hours x 5,700 units = 8,550 hours. Multiplying the total labor hours by the expected hourly wage rate of $15 gives us the total direct labor cost for each quarter. Therefore, the direct labor cost for Quarter 1 is $114,750 (7,650 hours x $15/hour), and for Quarter 2 it is $128,250 (8,550 hours x $15/hour). Adding these two costs gives us the total direct labor cost for the six months ending June 30, 2020, which is $243,000.
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Describe how variable costs and fixed costs behave in total and on a per unit basis.
What is the high low method used for and how does it relate to CVP analysis?
Define contribution margin, unit contribution margin, contribution margin ration and explain how they are used in CVP analysis including determining break even.
Variable costs and fixed costs are different in the sense that they behave differently in total and on a per unit basis. Variable costs and fixed costs behave in total and on a per-unit basis as follows: Variable Costs: Variable costs are costs that vary with output. This means that variable costs are a function of the amount produced; as a result, total variable costs fluctuate in direct proportion to output changes, whereas variable costs per unit remain constant.
The variable costs increase or decrease in direct proportion to the change in the activity level. The increase in activity level increases variable costs while the decrease in activity level decreases variable costs. On a per unit basis, variable costs remain constant. Fixed Costs: Fixed costs, on the other hand, are costs that do not fluctuate with the change in production. Fixed costs per unit decrease when production increases because total fixed costs remain the same, and the denominator (number of units) increases. The fixed costs remain constant at any activity level, while on a per-unit basis, fixed costs decline as activity levels increase. The high-low method is used to estimate the cost behavior of mixed costs. The cost behavior is separated into its fixed and variable cost components in this approach. The high-low method entails analyzing cost data from periods of high and low activity levels to determine variable and fixed costs. The costs for the high and low levels are used to determine the variable cost rate and the total fixed cost.
The contribution margin is the amount of revenue that is left over after the variable costs of producing goods and services are subtracted from the revenue. Unit contribution margin is the contribution margin earned per unit of product sold. Contribution margin ratio is the ratio of contribution margin to sales revenue. Contribution margin and contribution margin ratio are used in CVP analysis to determine break-even and to examine the effects of changes in price, cost, and volume on profit. In the short term, break-even analysis estimates the sales revenue needed to cover all of a company's expenses and determine the minimum sales revenue needed to break even.
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AB Ltd. established a petty cash fund for $2,180. It replenishes the fund at the end of each month when financials are prepared or sooner if required. The company finds that it is replenishing the fund more than once a month so it decides to increase the fund size by 50%. At the time of this decision there are $1,000 in expense vouchers in the firm, so the firm replenishes and increases the fund size in the same journal entry.
Required: How much is the cheque written to complete this transaction?
The cheque amount of $4,270 includes the reimbursement for the $1,000 worth of expense vouchers already in the firm, ensuring that the petty cash fund is replenished to its new increased size of $3,270.
To complete the transaction and increase the petty cash fund size by 50%, we need to calculate the amount of the cheque that needs to be written.
Here's the breakdown of the calculation:
Original petty cash fund size: $2,180
Increase in fund size by 50%: 50% of $2,180 = $1,090
New fund size after the increase: $2,180 + $1,090 = $3,270
Now, we need to take into account the $1,000 worth of expense vouchers already in the firm. The cheque amount will include both the reimbursement for these vouchers and the increased fund size. Therefore:
Cheque Amount = Reimbursement for expense vouchers + Increased fund size
Reimbursement for expense vouchers = $1,000
Increased fund size = $3,270
Cheque Amount = $1,000 + $3,270 = $4,270
The cheque written to complete this transaction is $4,270.
The cheque amount of $4,270 includes the reimbursement for the $1,000 worth of expense vouchers already in the firm, ensuring that the petty cash fund is replenished to its new increased size of $3,270. This allows the company to cover future small expenses without the need for frequent replenishment.
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The cheque amount of $4,270 includes the reimbursement for the $1,000 worth of expense vouchers already in the firm, ensuring that the petty cash fund is replenished to its new increased size of $3,270.
To complete the transaction and increase the petty cash fund size by 50%, we need to calculate the amount of the cheque that needs to be written.
Here's the breakdown of the calculation:
Original petty cash fund size: $2,180
Increase in fund size by 50%: 50% of $2,180 = $1,090
New fund size after the increase: $2,180 + $1,090 = $3,270
Now, we need to take into account the $1,000 worth of expense vouchers already in the firm. The cheque amount will include both the reimbursement for these vouchers and the increased fund size. Therefore:
Cheque Amount = Reimbursement for expense vouchers + Increased fund size
Reimbursement for expense vouchers = $1,000
Increased fund size = $3,270
Cheque Amount = $1,000 + $3,270 = $4,270
The cheque written to complete this transaction is $4,270.
The cheque amount of $4,270 includes the reimbursement for the $1,000 worth of expense vouchers already in the firm, ensuring that the petty cash fund is replenished to its new increased size of $3,270. This allows the company to cover future small expenses without the need for frequent replenishment.
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