Effective internal control for purchases generally can be achieved in a well-planned organizational structure with a separate purchasing department that has the authority to make purchases of requisitioned materials and services. Hence, option C is correct.
A company's functions, teams, and personnel are outlined hierarchically in an organizational structure. Organizational structures outline the duties of employees, who they answer to, and how corporate decisions are made. Your organizational structure must at the very least incorporate fundamental hierarchies and staff titles.
A hierarchical organizational chart is the pyramid-shaped organizational chart that we previously mentioned. The chain of command runs from the top (such as the CEO or manager) to the bottom (such as entry-level and low-level employees), and every employee has a supervisor.
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The complete question is:
Effective internal control for purchases generally can be achieved in a well-planned organizational structure with a separate purchasing department that has:
A. The ability to prepare payment vouchers based on the information on a vendor's invoice.
B. The responsibility of reviewing purchase orders issued by user departments.
C. The authority to make purchases of requisitioned materials and services.
D. A direct reporting responsibility to controller of the organization.
xwhich reporting framework represents global standards for corporate sustainability reporting based on multiple modules that a company can choose from based on what is material for the organization?
The GRI is a globally applicable guidance framework that provides standards (the GRI Standards) that detail approaches to materiality, management reporting and disclosure on a wide range of accountability issues.
What is global business standard?The Global Business Standard was developed in response to the obvious need of international companies looking for a global solution for their certification in a clear and understandable format.
It recognizes successful companies in the platinum, gold or silver category and is a simple but very effective tool designed to assess a company's position and performance in the global market. The corresponding Global Business Standard certificate is given to companies, partnerships, foundations and other organizations active in the international market.
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what do the aba model guidelines for the utilization of paralegal services say about the use of screens in conflicts cases involving paralegals?
According to the state guidelines for the use of paralegals, a paralegal's role in maintaining client confidentiality is to safeguard the client-confidentiality agreement and client confidences.
To avoid disclosing the client's information or using the client's information to disadvantage them in court, the ABA Guidelines recommend "exercising care" around the client. In a similar vein, the client confidentiality rules of the paralegal associations are largely identical. They are all in agreement regarding the significance of the confidentiality agreement with the client and the obligation to maintain confidentiality.
Professional conduct helps to separate the personal from the professional; It restricts relationships to the current business setting. A judge, for instance, cannot talk directly to a plaintiff or defendant. While completing transactions on behalf of customers, bank tellers act as representatives of the company.
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Full Question = What do the state guidelines say about the paralegal's role in client confidentiality? What do the ABA Guidelines for the Utilization of Paralegal Services say? What about the paralegal's associations' rules? Are these sources in accord?
kenny, inc., is looking at setting up a new manufacturing plant in south park. the company bought some land six years ago for $5.3 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent facilities elsewhere. the land would net $7.4 million if it were sold today. the company now wants to build its new manufacturing plant on this land; the plant will cost $26.5 million to build, and the site requires $1.32 million for an access road to a major highway. what is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project? why?
The proper cash flow amount to use as the initial investment in fixed assets when evaluating this project is $38,410,100
Cash flow amount = Opportunity costs + costs + upgrading costs
Cash flow amount = $7,700,000 + $29,300,000 + $1,410,000
Cash flow amount = $38,410,000
Cash flow refers to the net change in cash and cash equivalents coming into and leaving a business. Money received and spent serves as a representation of inflows and outflows, respectively. The cash inflows a business experiences from ongoing operations and outside sources of investment are all detailed in a financial statement called a cash flow statement. It also covers any cash withdrawals made during a specific time period to pay for investments and business expenses.
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solar power llc and trey enter into an oral contract under which solar agrees to provide trey with lifetime employment. this contract may be enforceable by
The contract may be enforceable by either Solar or Trey. Hence the correct choice of answer for this question would be option (b).
Give a brief account on corporate law.Corporate law, usually referred to as business law, is the body of legislation that regulates the rights, relationships, and behavior of individuals, groups, and enterprises. The phrase describes the idea of companies as well as the legal practice of corporate law. Law that deals with issues that directly result from a corporation's life cycle is frequently referred to as corporate law. Thus, it includes the creation, financing, administration, and dissolution of a corporation.
Similar legal traits and legal issues occur across numerous jurisdictions, notwithstanding differences in the minute form of corporate governance as exemplified by share ownership, capital market, and business culture rules. Corporate law controls how businesses, creditors, shareholders, directors, employees, and other stakeholders—including customers, the public, and the environment—interact with one another.
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Solar Power LLC and Trey enter into an oral contract under which Solar agrees to provide Trey with lifetime employment. This contract may be enforceable by
a. Trey only.
b. either Solar or Trey.
c. any interested third party, such as a Solar supplier.
d. Solar only.
the stock of black incorporated has a beta of 1.30. if the expected return on the market is 9% and the t-bill rate is 2%, what is the expected return on black inc.?
The Correct Response is (d) 11.1%.
because Expected Return = Rf + Beta * (Rm - Rf) = 2% + 1.30 * (9% - 2%) = 2% + 9.1% = 11.1%.
What does it mean to expect a return?The amount of profit or loss an investor can anticipate from an investment is referred to as the expected return. After totaling these results, the probability of a given outcome being realized is multiplied by the potential return. Returns that are expected cannot be guaranteed.
How is expected return calculated?Anticipated return = (Return A x likelihood A) + (Return B x likelihood B) Expected return is only one of numerous possible returns since the speculation market is exceptionally unstable. Due to the fact that it takes into account the investment's previous performance, you can determine the expected return as a weighted average outcome.
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Full Question = the stock of black incorporated has a beta of 1.30. if the expected return on the market is 9% and the t-bill rate is 2%, what is the expected return on black inc.?
Group of answer choices 9.1% 7.1% 9.0% 11.1% 13.7%
cutter enterprises purchased equipment for $57,000 on january 1, 2021. the equipment is expected to have a five-year life and a residual value of $7,500. using the double-declining-balance method, depreciation for 2021 and the book value at december 31, 2021, would be:cutter enterprises purchased equipment for $57,000 on january 1, 2021. the equipment is expected to have a five-year life and a residual value of $7,500. using the double-declining-balance method, depreciation for 2021 and the book value at december 31, 2021, would be:
Cutter enterprises purchased equipment for $57,000 on January 1, 2021. depreciation for 2021 and the book value on December 31, 2021, would be $22,800 and $34,200.
Double Declining Depreciation for 2021 22800 is 57000*40% Book value at December 31, 2021, is 34200, which is 57000-22800.
Despite being another word for a for-profit business or organization, the word "enterprise" is most frequently related to entrepreneurial endeavors. Those who are successful in business are frequently referred to as "enterprise." Legal businesses come in a variety of shapes and sizes, but the most popular ones in the US. All of the items of equipment listed on any given Equipment Schedule are referred to as Items of Equipment and are included in this term. Items of Equipment refers to the equipment covered by this tender's scope of supply and for which separate price quotes are required. 1. A laptop computer and any necessary accessories.
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one of the most common entry strategies for mncs is the joint venture. whay are so many companies opting for this strategy? would a fully owned subsidiary be a better choice? (ch.9)
A joint venture is usually a business arrangement between two parties who agree to pool their resources to accomplish a specific task.
Do multinationals choose joint ventures as a strategy because of the following reasons?Shared Risk: When a company starts a new business, the risk is borne only by that entity. However, in a joint venture, the risks are shared.Opening new geographic markets: Joint ventures make it possible to globalize your business. It helps to develop new markets. For example, the US auto industry giant can sell its products to other emerging markets.Access more resources, including expertise, technology, and people.If a company has assets with the potential to generate significant income, it may choose to invest through a wholly-owned subsidiary. If the company does not want to share profits. There are intangible resources, such as talents and equipment, that are difficult to transfer to outside partners.
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At the end of the year 2 accounting period, deyoung company determined that the market value of its inventory was $79,800. The historical cost of this inventory was $81,400. Defazio uses the perpetual inventory method. Assuming the amount is material, how will the entry necessary to reduce the inventory to the lower of cost or market affect the elements of the company’s financial statements?.
The entries required to reduce inventory to a decreased value by reducing a company's overall assets and gross margin. Beside that, by reducing internet profit of the company also can make inventory decrease to the lower of cost or market affect.
Marginal cost refers to the value to provide one additional unit of manufacturing. It is a crucial idea in price accounting as marginal value helps decide the maximum green stage of manufacturing for a production process. It is calculated by determining what costs are incurred if one extra unit is best and what prices are incurred if best one extra unit is manufactured. The relation between marginal cost and inventory is marginal price represents the incremental expenses incurred while generating extra devices of an excellent or service. It is calculated by taking the whole alternate in the price of manufacturing greater items and dividing that through the alternate in the variety of products produced.
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which of porter's four competitive strategies is involved when a company offers products or services that are of unique or superior value compared to those of competitors and that target a wide market?
When a business targets a large market and provides goods or services that are distinct from those of rivals or offer better value, differentiation strategy is at play.
Write a short note on product differentiation.The primary characteristic or characteristics that distinguish a company's goods or services from those of its competitors are referred to as its products. Product differentiation that works results in brand loyalty and higher revenue.
Finding and presenting a product or company's distinguishing qualities as well as the most important differences between it and its competitors are part of a product differentiation strategy. Making a product or service appealing to a target market or audience depends on developing a compelling value proposition and product distinctiveness.
Product differentiation, when done correctly, can give the product's seller a competitive advantage and ultimately boost brand recognition. Two examples of distinct products are the fastest high-speed Internet service and the most economical electric vehicle on the market.
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A corporate officer is liable to the corporation or its shareholders for a bad business decision. True or false?.
The answer is FALSE, a corporate officer is NOT liable to the corporation or its shareholders for a bad business decision.
What is corporate officer?
Corporate officers are the agents through which the board of directors acts. The board makes the decisions and designates the officers to execute them.
Why is corporate officer is not liable for a bad business decision to the corporation or the shareholders?
As mentioned above, officers will execute anything that is being designated to them by the board. The board here will consists of board of directors and they are the one who will able to control the corporation.
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The management function that involves creating a vision for the organization, communicating it to others, and motivating them to achieve goals is?.
The management function that involves creating a vision for the organization, communicating it to others, and motivating them to achieve goals is leading.
Leading can be described as the ability of a management head to power his employees to work towards the goals set in the objectives of a company.
Leading is an important aspect of management where the leader set clear goals for a company, is able to express these goals to the employees of the company, and motivates them to work harder for achieving these goals.
Leading also involved the ability of a manager to strategize and assess the proceedings and work of employers of the company.
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betty's bbq orally contracts with denny's design house for 10,000 matchbooks at the price of 10 cents per matchbook. the matchbooks are to be embossed with a logo to be designed by denny's design promoting betty's bbq. price, payment terms, and delivery terms are agreed upon between the parties. denny's design creates the logo, gets betty's bbq's approval of the design, and begins applying the logo on the matchbook covers. denny's design has almost finished the order when betty's bbq calls to say it has decided to make the eatery a smoke-free restaurant and cancels the order. denny's design sues, but betty's bbq states that the agreement is unenforceable under the statute of frauds. who wins?
Having won is Denny's Design House. This circumstance is exempt from the Statute of Frauds.
Fraud is when someone intentionally misleads another person in order to obtain illegal gain for themselves or to deprive a victim of their legal exempt rights. Tax, credit card, wire, securities, and bankruptcy fraud are some examples of fraud types. One person, several people, or an entire business organization can engage in fraudulent activity.
Fraud is the false portrayal of facts, whether through the purposeful omission of crucial information or the deliberate making of false representations to another party for the express purpose of obtaining something that could not have been made available without the deception.
Fraudsters frequently possess knowledge that the intended victim does not, which gives them the opportunity to fool them. In essence, the Fraud person or business committing fraud is profiting from information exempt asymmetry; especially, the fact that the resource cost of examining and validating such information may be high enough to deter substantial investment in fraud prevention.
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a settlement awarded $2 million to each of the four hundred individuals harmed by the effects of groundwater emissions created by manufacturing processes at standard corporation the award money is an example of
Punitive damages are one type of settlement that paid $2 million to each of the 400 people who were harmed by Standard Corporation's manufacturing processes' effects on groundwater emissions.
A defendant who has been found guilty of committing a wrong or offence may also be required to pay punitive damages in addition to compensatory damages. They are given out when it is determined that compensatory damages, or the money paid to the injured party, are insufficient.Punitive damages go beyond just making the wronged party whole. They are intended specifically to punish defendants whose actions are judged to have been either egregiously negligent or willful. Punitive damages are also known as exemplary damages because they are meant to serve as a warning to prevent repeat offenses.Punitive damages are always awarded alongside other damages; they are never awarded on their own. In essence, they provide a means of punishing the defendant even more for their actions.Learn more about Punitive damages, here
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the multi resource company manufactures two lines of washing machines, regular and deluxe. the contribution margin per unit of a regular model is $110 and for deluxe model is $175. the company has two departments, assembly and testing. the regular model requires 3 hours to assemble, while a deluxe model requires 4 hours. the total time available in assembly is 12,360 hours. in the testing department, it requires 2.5 hours to test a regular model and 1.5 hours to test a deluxe model. a total of 6,030 hours of testing time is available. based on this information, the optimum production plan for multi resource is:
Based on this data, 3,090 Deluxe models provide the ideal production strategy for a multi-resource company.
What is the ideal production strategy?
The production strategy that generates the maximum amount of contribution margin per unit of the scarce resource is the most effective strategy.
Information and calculations:
Regular Deluxe Total
The contribution margin per unit is $110 and $175.
Assembly hours 3 4 12,360
Testing hours 2.5 1.5 6,030
Few resources = Assembly hours
Contribution rate per restricted unit
Resource = $36.67($110/3) $43.75 ($175/4)
The best manufacturing strategy is to produce 3,090 units of the Deluxe Model (12,360/4), which will increase the contribution margin per unit of the scarce resource.
A business's contribution margin – also called the gross margin – is the cash left over from income after paying all variable costs associated with generating a product. Subtracting constant costs, inclusive of rent, equipment rentals, and salaries from your contribution margin yield your internet earnings or earnings.
Gross margin is the amount of profit left after subtracting the price of goods bought from revenue, even as contribution margin is the number of earnings left after subtracting variable charges from sales.
it is an accounting time period that facilitates enterprise proprietors and bosses tuning product profitability. The contribution margin is critical to understand because it shows how much of a product's sales are available to cowl constant charges and makes a contribution to the company's earnings.
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true or false: if consumers are unfamiliar with a service or service provider, they might use price to make quality judgments. true false question. true false
If consumers are unfamiliar with a service or service provider, they may use price to make quality judgments.
A consumer is a person or group who intends to order or uses purchased items, products, or services primarily for personal, social, family, domestic, and similar requirements and is not directly tied to entrepreneurial or company activity. The term most frequently refers to a person who buys products and services for personal consumption. A consumer in an economy purchases goods or services primarily for personal consumption rather than for resale or business purposes. Consumers pay money for goods or services and then consume them. As such, consumers play an important role in the economic system of a capitalist system and are an essential component of any economy. Producers would be deprived of one of their primary motivators if customer demand did not exist.
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10) suppose an investor deposits $5,000 in an interest-bearing account at her local bank. the account pays 2.5% (annual) with interest compounded monthly. if the investor plans on withdrawing the original principal plus accumulated interest at the end of ten years, what is the total amount that she should expect to receive assuming interest rates do not change?
The total amount that she should expect to receive assuming interest rates do not change is $6,418.20.
$5,000 is the first investment (PV). The interest rate is equal to 0.025/12, or 0.002083. Periods (n) = 10 * 12 = 120 months.
The following formula must be used to determine the future value (FV):
FV= PV*(1 + i)^n = 5,000*(1.002083^120) = $6,418.20.
An interest rate is an amount of interest that is payable each period stated as a percentage of the amount that was lent, deposited, or borrowed. The principal amount, interest rate, frequency of compounding, and duration of the loan, deposit, or borrowing determine the total amount of interest on a sum that was lent or borrowed.
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which cost of quality category includes performing audits to confirm that the quality system is operating properly? which cost of quality category includes performing audits to confirm that the quality system is operating properly? prevention costs external failure costs internal failure costs appraisal costs
The appraisal Cost of the quality category includes performing audits to confirm that the quality system is operating properly. Option(d) is correct.
Cost of quality refers to a system that enables an organization to assess how much of its resources are allocated to operations that avoid subpar quality, evaluate the quality of the firm's goods and services, and are caused by both internal and external failures.
Costs of appraisal are related to quality monitoring and measurement activities. These expenses relate to the suppliers' and clients' verification of the specifications compliance of the materials, procedures, goods, and services they have purchased.
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accounting for employee share purchase plans is simplified if the plan meets three conditions. one of these conditions requires that the discount on the share purchase price is:
One of these conditions requires that the discount on the share purchase price is no greater than 5%.
Employee share purchase plans allow staff members to purchase shares of the company's common stock directly from the business on convenient or advantageous conditions. We merely report the sale of new shares as employees purchase them if such a plan fits all three of the following criteria, in which case it is deemed non-compensatory and no compensation expense is recorded:
There is an equitable opportunity for participation for nearly all full-time employees Participation is open to nearly all full-time employees on an equitable basis. The market discount is modest (no higher than 5%). The employee has one month from the date the pricing is set to determine whether to participate.To learn more about Employee shares, visit the link below:
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jenna is seeking to raise money to develop a new app where individuals can buy and sell used clothing. she is looking for long-term investors in her product, and she wants to protect her personal assets from any liabilities associated with borrowing capital. which form of business structure would clearly meet jenna's needs? a.) partnership b.) limited liability partnership c.) sole proprietorship d.) corporation
The correct choice is option c. Sole proprietorship .A person who runs an unincorporated business alone is known as a sole proprietor.
What is a sole proprietor?A person who runs an unincorporated business alone is known as a sole proprietor.However, if you want to classify a domestic limited liability company (LLC) as a corporation and you are the only member, you are not a sole owner. Small companies like a neighborhood grocery store, a neighborhood clothing store, an artist, a freelance writer, an IT consultant, a freelance graphic designer, etc. are examples of sole proprietors. An LLC exists independently of its members, who are its proprietors.Members are not personally liable for the obligations and liabilities of the company, nevertheless.The LLC is in charge here.A sole proprietorship is a single person-owned, unincorporated company. A sole proprietorship has many advantages, including little paperwork and inexpensive setup.There is also how simple it is to maintain.It's actually the simplest and least expensive form of business you may start, according to the SBA. The owner of a sole proprietorship is personally liable for all of the company's debts, putting his or her personal assets and future earnings at jeopardy.This is the main justification for staying away from sole proprietorships.To learn more about sole proprietor refer
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joan is concerned about her company's liquidity. of the following parts of the balance sheet, which would provide her with the information she needs? a.) equity b.) current assets c.) calculate the total liabilities d.) non-current assets
(b)Current assets of the company will give the information required by Joan.
A financial statistic called a liquidity ratio is used to assess a company's capacity to settle its short-term loan obligations. The statistic aids in figuring out if a business can use its liquid, or current, assets to pay its current liabilities.
The current ratio, quick ratio, and cash ratio are the three liquidity ratios that are most frequently utilized. The amount of current liabilities is put in the denominator of the equation for each liquidity ratio, and the amount of liquid assets is put in the numerator.
Ratios above 1.0 are desired due to the ratio's structure, which places assets on top and liabilities at the bottom. With a ratio of 1, a business can fully cover all of its current liabilities with its cash on hand.
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over the 5 years, the median return for stock funds was as follows: large growth 9%, small growth 12.1%, large value 16.3%. supposed to have 10,000 to invest in 3 funds, decide to invest 2000 more in the large growth fund than in the small growth fund. how much should you invest in each fund for one year to get return 11% a.) name the unknown quantities b) set up system of 3 equations and 3 unknowns
Largegowth = 9%, Smallgrowth = 12.1%, Large value = 16-3 %, After finding the inverse matie of A and product sin with the matrix we will find the value of the fund invested in each fund.
The thing being sold is called a "product." An item or service can be considered a product. Physical, virtual, or cyberspace forms are all possible. Every good has a price because it costs money to produce it.
Regardless of their official title within the company, whoever is ultimately in charge of defining the product holds the role of product manager or product strategist.
A fund is a type of investment that amasses funds from numerous investors. Following that, fund managers invest the money in a range of stocks and bonds. Units representing a portion of the fund's holdings are distributed to each investor. Here is a list of the most popular mutual fund categories in India: Equity funds
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which reports highlight situations occurring outside of the normal operating range for a condition or standard?
Internal summaries of reports draw attention to instances that go beyond the parameters of a condition or standard.
At regular periods, a highlight report is utilized to give important stakeholders a summary of the initiative's status. The report can then be used to track the development of the initiative and alert the Board of any specific problems or issues via the project manager. Since the project board is aware of the tolerances established with the project manager in the stage plan and can manage by exception between each stage's end, the highlight report should provide the most recent information on the status of the time, cost, quality, scope, benefits, and risk tolerances.
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investors trading online group of answer choices buy and sell securities without using a brokerage firm. receive more advice than offered by traditional stockbrokers. generally were insured against the market downturn of the early and late 2000s. generally do their own research and make their own investment decisions.
Fortunately, you no longer need to rely on a broker or any other third party to invest in stock because of the rise of the internet.By creating a Demat Account, you are free to start investing in shares on your own.
What exactly does a broker-dealer do?A broker, also known as a brokerage firm or brokerage company, acts as a link between buyers and sellers in order to conclude a deal for stock shares, bonds, options, and other financial instruments. After a transaction has been completed, brokers receive compensation in the form of commissions or fees.
Is there a fee to trade?There are no transaction costs or commissions associated with exchanging XRP, Bitcoin, Ethereum, or Litecoin.
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the model of loanable funds uses a supply and demand diagram to model savings and investment. this model helps us determine the price of a loan which is called an .
To represent savings and investment, create a supply and demand diagram. This model aids in calculating the interest rate, which is the cost of a loan.
Interest rates and the amount of money in circulation are inversely related. A bigger money supply results in lower market interest rates, which reduces the cost of borrowing for consumers. In contrast, lower money supply tends to result in higher market interest rates, increasing the cost of borrowing for consumers.
Individuals and companies who save money (or make financial investments, which is the same thing) are on the supply side of the financial market. On the demand side of the financial market are those who borrow money.
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actory overhead costs are budgeted and controlled by separating factory overhead into a.rate and time components. b.labor and materials components. c.price and quantity components. d.fixed and variable components.
The ongoing costs of running a business are known as overhead costs. No matter how much or how little a business sells, it must pay overhead on a regular basis. Overhead expenses fall into two categories: variable and fixed.
What distinguishes a variable from a fixed one?No matter how many units are produced, fixed costs are incurred. When units are produced, variable costs are incurred. Does the number of units affect it? With an increase in the number of units produced, fixed costs decrease.
What is an overhead on a variable?The costs of running a business that change depending on the level of business or manufacturing activity are known as variable overhead. Variable overhead fluctuates in tandem with production output.
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monopoly arises when: a. there is a firm desiring to compete in many markets b. there is a firm wanting to maximize profits c. there are barriers to the entry of other firms d. there is government intervention to establish and enforce a price ceiling
The correct Option is C. Monopoly arises when there are barriers to the entry of other firms.
An economics-themed board game with many players is called Monopoly. To move across the game board, acquire, trade, and develop properties with homes and hotels, players roll two dice.
To force their rivals into bankruptcy, players collect rent from them. Tax squares, Community Chest cards, and Chance cards all have a financial component. Every time they pass "Go," players are paid a stipend.
However, they also risk getting locked up and cannot leave until one of three requirements has been satisfied. House rules, numerous spin-offs, hundreds of publications, and related media are all available.
Having been published in more than 37 languages and having local licenses in more than 103 countries, Monopoly has ingrained itself into global popular culture.
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ta failte romhat is a boutique store specializing in irish foods and gifts. they sell woolen sweaters handmade in the aran islands for 104 euros. the sweaters cost them 48 euros. if the manager of the store wanted to achieve a 65% target margin, what should be the selling price for the sweaters in euros?
The selling price is the cost a customer pays for a good or service. Depending on the price that consumers are willing to pay, the price's reasonableness in comparison to prices charged by competing businesses in the market, as well as the seller's acceptability threshold.
What is selling price ?The final price to the seller, or what the customer actually pays, is the selling price of a good or service. A good or service can be traded in a precise quantity, weight, or measurement.
The selling price, commonly referred to as the list price or marked price, is the amount that a seller currently earns from a customer after negotiating a price or striking a deal. Usually, the selling price is lower than the marked price. However, there are situations when the marked price as well as the selling price will be the same. One example of this is a store with a fixed pricing where the shopkeeper forgoes any form of discount or price decrease.
The price a consumer will pay to purchase a product is known as the selling price. A retailer must add an additional sum to the selling price in order to cover their product costs if they wish to generate a positive gross margin (or gross profit percentage). This extra sum must be enough to pay the retailer's selling, general, and administrative costs as well as a small profit.
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a new range of organic confectionary was introduced by bounty foods. the company is forced to give its dealer high margins and also needs to invest heavily in advertising. their production costs are also high. in which plc stage is the company most likely to be?
The company is most likely to be in Introductory stage.
What is Introductory stage?The introduction stage refers to the first phase of the product life cycle. A notable factor at this stage is that the product has just hit the market, the sales are slow and you have to spend a lot of money on advertising to make it attractive to your customers. During the Introductory stage , you should focus on building your product base and focus on the following marketing elements: Pricing. distribution. financial support. Increased product awareness through advertising/word of mouth. Offer a discount on your product – Penetration pricing to get customers to try your product. Reach out to early adopters and influential market leaders. For example, a company can offer free product reviews to influential bloggers in the market.To learn more about Introductory stage from the given link :
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raditional organizations have one of four types of organizational design. what are these four structure types?
Hierarchical, flat, matrix, networked are the four types of organizational design in traditional organizations.
Define traditional organization.
In a traditional organizational structure, all employees follow a chain of command as power moves up through the organization. A pyramid might be how the conventional organizational chart appears. The organizational structures utilized by the majority of businesses today can be categorized into three types: functional, departmental, and matrix. Before choosing which of these forms to use for their firm, owners must weigh the benefits and drawbacks of each.
The main benefit of a traditional organization is that it preserves power and decision-making in the hands of a small number of individuals inside a company. Traditional organizational structures depict a hierarchical organizational structure in which people are divided into departments and power is distributed vertically and upward.
The correct question is:
Traditional organizations have one of four types of organizational design. What are these four structure types?
a) Traditional, flat, matrix, technology
b) Hierarchical, flat, matrix, networked
c) Matrix, networked, flat, information
d) Matrix, flat, networked, traditional
e) Social, networked, matrix, hierarchical
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every two weeks, no more pencils, incorporated, disburses checks that average $90,000 and take six days to clear. how much interest can the company earn annually if it delays transfer of funds from an interest-bearing account that pays .011 percent per day for these six days? ignore the effects of compounding interest. (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The interest can the company earn annually if it delays transfer of funds from an interest-bearing account that pays .011 percent per day for these six days is $1,407.12.
Information given in the query:
Checks issued on average total = $82,000.
Checks are issued on average every two weeks.
also,
52 weeks make up a year.
Therefore, Checks are distributed 52/2 = 26 times per year.
Rate of Interest = 0.11%
Delay in payment days = 6.
Now,
The corporation earned interest = Amount of the checks × Days of
payment postponement × Weeks of
check disbursement × Interest rate
= $82,000 × 6 × 26 × 0.011%
= $1,407.12
In the fields of finance and economics, interest is the payment of a sum over and above the principal amount (the amount borrowed) to a lender or depositor at a set rate by a borrower or deposit-taking financial institution. It differs from a fee the borrower might pay the lender or another party. It also differs from a dividend, which is money given to shareholders (owners) by a company from its profit or reserve, but not at a set rate predetermined in advance, but rather on a pro rata basis as a portion of the rewards received by risk-takers who take on costs in order to generate revenue.Learn more about Interest, here
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