The missing values in the given table are:Sales Revenue: $30,000Cost of Goods Sold: $100,000Gross Profit: $12,000Operating Expenses: -$82,000Net Income: Cannot be determinedSales Revenue: $80,000Cost of Goods Sold: $135,000Gross Profit: $125,000Operating Expenses: -$180,000Net Income
Sales Revenue: $30,000Cost of Goods Sold: $100,000Gross Profit: $12,000Operating Expenses: XNet Income: XWe know that, Gross profit = Sales revenue - Cost of Goods SoldGiven Gross Profit is $12,000, so we can calculate operating expenses using the following formulaOperating expenses = Sales revenue - Cost of goods sold - Gross profitNow, substituting the given values, we get, Operating expenses = $30,000 - $100,000 - $12,000Operating expenses = -$82,000.
This implies that the company is operating at a loss of $82,000. Since the company is operating at a loss, we cannot determine the net income. Hence, the value of net income cannot be determined. Sales Revenue: $80,000Cost of Goods Sold: $135,000Gross Profit: $125,000Operating Expenses: XNet Income: XWe know that, Gross profit = Sales revenue - Cost of Goods SoldGiven Gross Profit is $125,000, so we can calculate operating expenses using the following formulaOperating expenses = Sales revenue - Cost of goods sold - Gross profitNow, substituting the given values, we get, Operating expenses = $80,000 - $135,000 - $125,000Operating expenses = -$180,000.
This implies that the company is operating at a loss of $180,000. Since the company is operating at a loss, we cannot determine the net income. Hence, the value of net income cannot be determined.Therefore, the missing values in the given table are:Sales Revenue: $30,000Cost of Goods Sold: $100,000Gross Profit: $12,000Operating Expenses: -$82,000Net Income: Cannot be determinedSales Revenue: $80,000Cost of Goods Sold: $135,000Gross Profit: $125,000Operating Expenses: -$180,000Net Income.
Learn more about Net Income here,
https://brainly.com/question/28390284
#SPJ11
(200 words) Why I should choose a Benefit Corporation for my
Cafe.
Choosing a Benefit Corporation for your cafe demonstrates a commitment to social and environmental impact, transparency, long-term sustainability, attracting talent, and accessing valuable networks and resources.
Choosing a Benefit Corporation for your cafe can bring numerous advantages and align with your values as a socially responsible business owner. Here are several compelling reasons why you should consider this option:
Social and Environmental Impact: A Benefit Corporation, also known as a B Corp, is legally required to pursue a positive impact on society and the environment.
By choosing this structure for your cafe, you demonstrate your commitment to making a difference beyond profits. You can prioritize sustainable sourcing, reduce waste, support local suppliers, and contribute to your community's well-being.
Transparent and Accountable: Benefit Corporations are held to higher standards of transparency and accountability. They must meet rigorous third-party assessments to prove their commitment to their social and environmental goals. This accountability fosters trust among customers, employees, and other stakeholders, attracting conscious consumers who value businesses with a positive impact.
Long-term Sustainability: B Corps are designed to prioritize long-term sustainability over short-term gains. By incorporating as a Benefit Corporation, you signal your intent to build a cafe that can thrive in the long run while addressing social and environmental challenges. This sustainable approach can help you build a resilient and future-proof business model.
Attracting and Retaining Talent: In today's job market, many employees seek meaningful work that aligns with their values. Being a Benefit Corporation can enhance your appeal to potential employees who are passionate about making a difference. It can also improve employee satisfaction and retention, leading to a more engaged and committed team.
Access to Networks and Resources: Benefit Corporations are part of a global community of like-minded businesses that collaborate and support each other. Joining this network can provide access to valuable resources, mentorship opportunities, and potential partnerships that can help your cafe grow and thrive.
Ultimately, choosing a Benefit Corporation for your cafe showcases your commitment to using business as a force for good, attracting socially conscious customers and employees, and positioning your cafe as a leader in sustainability and community impact.
To know more about transparency refer here
brainly.com/question/32284515#
#SPJ11
Based on financial and opportunity costs, which of the following do you believe would be the wiser purchase? Vehicle 1: A three-year-old car with 45,000 miles, costing $15700 and requiring $585 of immediate repairs Vehicle 2: A five-year-old car with 62,000 miles, costing $9500 and requiring $960 of immediate repairs
To determine the wiser purchase based on financial and opportunity costs, we need to consider several factors:
1. Cost of the vehicle: Vehicle 1 costs $15,700, while Vehicle 2 costs $9,500. In terms of initial cost, Vehicle 2 is more affordable.
2. Mileage: Vehicle 1 has 45,000 miles, while Vehicle 2 has 62,000 miles. Vehicle 1 has lower mileage, indicating potentially less wear and tear.
3. Immediate repairs: Vehicle 1 requires $585 of immediate repairs, while Vehicle 2 requires $960 of immediate repairs. Vehicle 1 has lower repair costs, which is favorable.
4. Age: Vehicle 1 is three years old, while Vehicle 2 is five years old. Vehicle 1 is relatively newer.
Based on these factors, both vehicles have their advantages and disadvantages. Vehicle 1 is newer, has lower mileage, and requires lower immediate repair costs. However, it has a higher initial cost. Vehicle 2 is cheaper, although it is older, has higher mileage, and requires higher immediate repair costs.
To make the wiser purchase, it is important to consider your individual needs and priorities. If you value a newer vehicle with lower mileage and are willing to pay a higher initial cost, Vehicle 1 may be the better choice. On the other hand, if you prioritize affordability and are comfortable with a slightly older vehicle with higher mileage, Vehicle 2 may be a more suitable option.
Ultimately, the wiser purchase depends on your personal preferences, budget, and the overall condition and reliability of the vehicles beyond the immediate repairs mentioned. It is recommended to thoroughly inspect both vehicles, consider long-term maintenance costs, and potentially consult a mechanic or automotive expert for further guidance before making a decision.
To know more about finance, visit,
https://brainly.com/question/989344
#SPJ11
As many of you are aware, due to measures to combat Covid, many governments incurred steep deficits which added to the debt. Some governments are now contemplating tax increases to help reduce the deficit and/or debt. Possible ways of increasing revenue is to increase income taxes and/or sales taxes such as the GST/HST. Sources of income that taxes are paid on include labour (work) as well as business profits and investment earnings. Assuming that taxes are to be raised, which tax increase would be least detrimental to long term economic growth, a GST/HST increase or an increase in income tax? Assume that either of the increases would be revenue neutral, i.e., the federal government would take in the same amount of revenue with either tax that is raised.
An increase in the GST/HST (sales tax) would be less detrimental to long-term economic growth compared to an increase in income tax, assuming revenue neutrality.
When considering the least detrimental tax increase to long-term economic growth, an increase in the GST/HST (sales tax) would be a more favorable option compared to an increase in income tax. Raising the sales tax affects a broader range of individuals and businesses, spreading the burden more evenly across the population. This approach avoids discouraging individuals from working, investing, or taking risks, which are crucial drivers of economic growth.
On the other hand, increasing income tax can create disincentives for productivity and entrepreneurship, potentially hampering economic expansion. By opting for a revenue-neutral increase in the GST/HST, the government can generate additional revenue while minimizing the negative impact on long-term economic growth.
Learn more about sales tax:
https://brainly.com/question/29442509
#SPJ11
Another term for soft fraud is: a. light fraud b. quiet fraud c. internal fraud d. opportunistic
The correct answer is:
d. opportunistic
Soft fraud refers to opportunistic fraud, which involves individuals exaggerating or fabricating insurance claims for personal gain without causing significant harm or losses. It is typically characterized by minor dishonest acts that may include inflating the value of a claim, misrepresenting facts, or omitting relevant information.
Soft fraud is considered less severe compared to hard fraud, which involves deliberate and intentional acts of fraud that result in significant financial losses.
Learn more about fraud here:
brainly.com/question/13176633
#SPJ11
WHO organisation. Can i know whether leadership approaches
changes in uncertain conditions in the chosen organisation.
WHO leadership adapts to uncertainties through proactive decision-making, collaboration, and a learning culture, ensuring effective responses to global health challenges and promoting equitable healthcare access.
In the World Health Organization (WHO), leadership approaches undergo changes in uncertain conditions. The organization faces various challenges and uncertainties in the global health landscape, requiring adaptive and flexible leadership strategies. In times of uncertainty, WHO leaders must demonstrate agility, resilience, and the ability to make informed decisions to address emerging health crises, pandemics, and other complex issues.
WHO leadership adopts a proactive and collaborative approach to navigate uncertain conditions. This involves effective communication, coordination with member states and partners, and mobilization of resources to respond to emerging health threats. Leaders prioritize evidence-based decision-making, scientific expertise, and collaboration with diverse stakeholders to ensure a comprehensive and coordinated global health response.
Furthermore, WHO embraces a learning culture that enables continuous improvement and adaptation to changing circumstances. The organization acknowledges the importance of monitoring and analyzing data, conducting research, and engaging in critical evaluation to inform decision-making and enhance preparedness for future uncertainties.
In summary, the leadership approaches in the WHO organization adapt and evolve to effectively address uncertainties in the global health landscape. Proactive decision-making, collaboration, evidence-based practices, and a learning culture are key elements that support the organization's ability to navigate uncertain conditions and fulfill its mission of promoting health, preventing diseases, and achieving equitable access to healthcare worldwide.
learn more about "organization ":- https://brainly.com/question/25922351
#SPJ11
When preparing an operations budget, what is true about historical operating data? O a. It should only be considered if recent operating data is unavailable O b. It is less important than recent operating data O c. Od. It is more important than recent operating data It should be considered in conjunction with recent operating data
When preparing an operations budget, the statement "It should be considered in conjunction with recent operating data" is true about historical operating data. The historical data contains information on the financial and operational performance of a business from previous periods.
This data, when used together with recent data, allows for better planning, forecasting and budgeting. Historical data provides an understanding of how a company has performed in the past, and it can help to identify trends in the business that may not be apparent from recent data alone.
Therefore, historical data is valuable in preparing the budget as it gives an idea of how much funds were expended, what percentage of the overall budget was used, and how much funds were wasted. With this information, organizations can be better prepared to make informed decisions, plan for contingencies and optimize their budgets.
To know more about operations budget visit:-
https://brainly.com/question/32607636
#SPJ11
"Khosrowshahi met the company's staff-run clubs that support people from different backgrounds." 3.1 Outline Uber's initiatives which aim to promote diversity. In addition, discuss the various approaches that can be adopted in an attempt to achieve effective workforce diversity.
Uber has implemented several initiatives to promote diversity within its workforce.
Some of these initiatives include:
Employee Resource Groups (ERGs): Uber has established employee-led ERGs that focus on supporting and representing diverse communities within the company. These groups provide a platform for employees to connect, share experiences, and advocate for inclusivity.
Diversity and Inclusion Training: Uber offers diversity and inclusion training programs to its employees. These trainings aim to raise awareness about unconscious biases, promote inclusive behaviors, and foster a culture of respect and acceptance.
Diverse Hiring Practices: Uber is committed to increasing diversity in its workforce through targeted hiring practices. The company actively seeks to attract and recruit individuals from underrepresented groups through partnerships with diverse organizations and universities.
Inclusive Policies and Benefits: Uber has implemented policies and benefits that support diversity and inclusion. This includes offering parental leave policies that are inclusive of all parents, regardless of gender, and providing resources and support for employees with disabilities.
To achieve effective workforce diversity, organizations can adopt various approaches:
Set Clear Diversity Goals: Establishing specific diversity goals helps focus efforts and provides a benchmark for measuring progress. This includes targets for hiring diverse candidates, representation in leadership positions, and overall workforce diversity.
Eliminate Bias in Hiring and Promotion: Implement strategies to mitigate bias in hiring and promotion processes. This can include blind resume screening, structured interviews, and diverse interview panels.
Foster an Inclusive Culture: Create an environment where all employees feel valued and included. Encourage open dialogue, celebrate diversity, and provide opportunities for employees to share their perspectives and experiences.
Mentorship and Sponsorship Programs: Implement mentoring programs that connect employees from diverse backgrounds with experienced professionals who can provide guidance and support. Sponsorship programs can also help underrepresented employees advance in their careers by providing access to opportunities and advocating on their behalf.
Continuous Evaluation and Improvement: Regularly assess diversity metrics, collect feedback from employees, and make necessary adjustments to diversity initiatives. This ensures that efforts are aligned with the evolving needs of the workforce and organization.
By implementing these initiatives and adopting a holistic approach to diversity, organizations like Uber can foster an inclusive work environment that celebrates and values employees from different backgrounds.
Learn more about workforce here:
https://brainly.com/question/28843491
#SPJ11
In the case of Aetna Health Inc. v. Davila, what was the basis
of the plaintiffs' suit? a. They sued their physicians for breach
of their fiduciary obligations under ERISA. b. They sued their
managed
In Aetna Health Inc. v. Davila, the plaintiffs were employees who were enrolled in their employer's health plan. The plaintiffs alleged that their MCOs had denied them coverage for certain medical procedures, in violation of their rights under ERISA. ERISA is a federal law that governs employee benefit plans, including health plans. ERISA requires that MCOs act in the best interests of their plan participants and beneficiaries.
The Supreme Court ruled in favor of the MCOs, holding that ERISA does not allow plaintiffs to sue their MCOs for breach of fiduciary duty. The Court held that ERISA only allows plaintiffs to sue their MCOs for breach of contract. The Court reasoned that ERISA's fiduciary duty provisions are designed to protect plan participants and beneficiaries from financial harm, and that these provisions are not intended to create a cause of action for emotional distress.
The Aetna decision was a major victory for MCOs, and it has made it more difficult for plaintiffs to sue their MCOs for denying them coverage for medical procedures. However, the decision does not prevent plaintiffs from suing their MCOs for breach of contract.
Learn more about ERISA here
https://brainly.com/question/30220468
#SPJ11
Summarize and identify the legal and ethical issues of Nightengale v. Timmel, 151 Idaho 347, 256 P.3d 755 (2011) case. Not less than a page.
Nightengale v. Timmel (2011) involved legal and ethical issues related to the duty of care, negligence, and informed consent in a medical malpractice case.
Nightengale v. Timmel (2011) was a significant case that raised several legal and ethical issues in the context of medical malpractice. The case involved a patient, Nightengale, who underwent a surgical procedure performed by Dr. Timmel. However, the patient suffered complications and subsequent health issues, leading to a lawsuit.
One of the main legal issues in the case was the duty of care owed by the healthcare professional to the patient. The court examined whether Dr. Timmel breached this duty by failing to meet the standard of care expected of a competent surgeon. Negligence was a crucial aspect, and the court assessed whether the surgeon's actions or omissions deviated from the accepted medical practices.
Another ethical issue raised was the concept of informed consent. The court examined whether the patient was adequately informed about the potential risks, benefits, and alternatives to the surgical procedure before giving consent. The case highlighted the importance of healthcare professionals providing patients with accurate and comprehensive information to make informed decisions about their healthcare.
Additionally, the case addressed issues of causation and damages, determining whether the complications experienced by the patient were a direct result of the surgeon's negligence and whether the patient was entitled to compensation for their injuries and related losses.
Overall, Nightengale v. Timmel emphasized the legal and ethical responsibilities of healthcare professionals, including the duty of care, informed consent, and the consequences of negligence in medical practice. The case contributed to the ongoing development of medical malpractice law and highlighted the significance of patient autonomy and the need for healthcare providers to uphold high standards of care.
Learn more about Ethical issue click here :brainly.com/question/30515621
#SPJ11
TRUE / FALSE. "The California Gold Rush and mining in California more generally
during this period relied little on California Indian labor.
False. The California Gold Rush and mining in California during this period heavily relied on California Indian labor for various mining activities.
Contrary to the statement, the California Gold Rush and mining in California during that time heavily relied on the labor of California Indians. Native American tribes in the region played a vital role in the mining industry, contributing their labor and expertise.
Many Native Americans engaged in gold panning, working in mines, and providing services to miners such as trading goods and acting as guides. Their knowledge of the local terrain and mining techniques made them valuable assets in the gold mining operations. Therefore, it can be concluded that California Indian labor had a significant influence on the mining activities during the California Gold Rush, contradicting the statement provided.
To learn more about labor Click Here: brainly.com/question/28546529
#SPJ11
Assuming no budget constraints, maximization of total utility when choosing the amounts of two goods to purchase occurs when the ratios of marginal utility divided by price are equal for both goods. True False
Assuming no budget constraints, maximization of total utility when choosing the amounts of two goods to purchase occurs when the ratios of marginal utility divided by price are equal for both goods.
This statement is TRUE. When an individual purchases goods or services, they do so to satisfy their needs. In microeconomics, utility is the term for this satisfaction that a customer derives from the products and services they purchase. The total utility of a commodity is the sum of the individual utilities of all the units consumed. The marginal utility of a commodity refers to the additional utility that is gained by consuming an extra unit of it.
As a result, the marginal utility of each commodity that an individual purchases must be equivalent. Since the prices of different goods are not equal, the consumer must equate the marginal utility and price of each commodity. This relationship between the marginal utility and price of commodities must be equalized to attain the maximum total utility.
To know more about goods visit:
https://brainly.com/question/12802278
#SPJ11
Ethics is described as the way we act, live, lead our lives, and treat others.
True
False
The given statement "Ethics is described as the way we act, live, lead our lives, and treat others" is True because ethics plays a vital role in shaping our personal and professional lives.
Ethics refers to the code of values, norms, or standards of conduct that guide an individual or a group. It is derived from various sources such as religion, culture, social systems, and philosophy. Ethics can be broadly categorized into two types: Descriptive and Normative Ethics. Descriptive ethics explains how people behave in the real world while Normative ethics outlines the ideal way of conduct.
The following are some of the reasons why ethics is important:
Ethics helps in establishing trustworthiness, integrity, and credibility among individuals, organizations, and societies. It promotes mutual respect, fairness, and social responsibility. It guides us to distinguish between what is right and wrong and helps us to make better choices. It contributes to a peaceful and harmonious society where people can coexist without harming each other.
In summary, ethics plays a vital role in shaping our personal and professional lives. It enables us to conduct ourselves in a manner that aligns with our values and morals, and it guides us to be responsible and accountable for our actions. Ethics helps to create a better world where everyone can live with dignity, respect, and happiness.
Know more about Ethics here:
https://brainly.com/question/32785916
#SPJ8
Daly Publishing Corporation recently purchased a truck for $43,000. Under MACRS, the first year’s depreciation was $6,000. The truck driver’s salary in the first year of operation was $8,600. The company’s tax rate is 30 percent.
Required:
1-a. Calculate the after-tax cash outflow for the acquisition cost and the salary expense.
1-b. Calculate the reduced cash outflow for taxes in the first year due to the depreciation.
a.The after-tax cash outflow for acquisition cost and salary expense is $36,120
b. The reduced cash outflow for taxes in the first year due to the depreciation is $1,800.
(a) Calculation of after-tax cash outflow for the acquisition cost and the salary expense
Acquisition cost = $43,000, Salary expense = $8,600, Tax rate = 30%, Depreciation = $6,000
To calculate the after-tax cash outflow for the acquisition cost and salary expense:
Cash outflow for acquisition cost = $43,000
Cash outflow for salary expense = $8,600
Total cash outflow = $43,000 + $8,600 = $51,600
Tax on Salary Expense = 30/100 × 8600 = $2580
Tax on Acquisition cost = 30/100 × 43000 = $12,900
After-tax cash outflow for acquisition cost and salary expense = $51,600 - $2580 - $12,900 = $36,120
Therefore, the after-tax cash outflow for acquisition cost and salary expense is $36,120.
(b) Calculation of reduced cash outflow for taxes in the first year due to the depreciation.
Depreciation = $6,000Tax rate = 30%
To calculate the reduced cash outflow for taxes in the first year due to the depreciation:
Reduced tax on depreciation = Depreciation × Tax rate = $6,000 × 30/100 = $1,800
Reduced cash outflow = $1,800
Therefore, the reduced cash outflow for taxes in the first year due to the depreciation is $1,800.
To know more about cash outflow click on below link :
https://brainly.com/question/14208792#
#SPJ11
Companies create their structures based on which of the following? - The company's actual environment - The environment the company's managers perceive As a company becomes more centralized, what happens to its strategy? Check all that apply. - The strategic process is constrained by the limitations of top managers. - It will be harder to recognize the opportunities that call for strategy changes. - Strategic decision-making will be goal-oriented and rational. - The strategic process will be more political.
Companies create their structures based on the environment the company's managers perceive. In this regard, the perception of the environment by the company's managers may not always match the company's actual environment. In the long run, the managers can affect the firm's structure in several ways, including through their beliefs, attitudes, and assumptions about the environment.
As a company becomes more centralized, the strategic process becomes more political and the strategic decision-making will be goal-oriented and rational. There are also additional changes that take place. The strategic process is constrained by the limitations of top managers. It will be harder to recognize the opportunities that call for strategy changes.
The companies with centralized organizational structures have more formal procedures and processes for decision-making. They have a more organized approach to strategic decision-making. This centralized decision-making process can result in the firms being more goal-oriented.
Centralization also has the potential to constrain strategic decision-making. When the firm becomes more centralized, it may become harder for managers to recognize the opportunities that call for strategy changes. The centralized decision-making process may also be more constrained by the limitations of top managers.
In conclusion, companies create their structures based on the environment the company's managers perceive. Centralization can affect the strategic process in several ways, including through its impact on strategic decision-making. A more centralized company has a more organized approach to strategic decision-making, but it can also be constrained by the limitations of top managers.
To know more about centralized organizational visit
https://brainly.com/question/32505882
#SPJ11
Presented below are two independent situations.
a. On January 6, Brumbaugh Co. sells merchandise on account to Pryor Inc. for $7,000, terms 2/10, n/30. On January 16. Pryor Inc. pays the amount due.
Prepare the entries on Brumbaugh's books to record the sale and related collection.
b. On January 10, Andrew Farley uses his Paltrow Co. credit card to purchase merchandise from Paltrow Co. for $9,000. On February 10, Farley is billed for the amount due of $9,000. On February 12, Farley pays $5,000 on the balance due. On March 10, Farley is billed for the amount due, including interest at 1 percentage per month on the unpaid balance as of February 12. Prepare the entries on Paltrow Co.'s books related to the transactions that occurred on January 10, February 12, and March 10.
a. On January 6:
Accounts Receivable (Pryor Inc.) 7,000
Sales Revenue 7,000
To record the sale of merchandise on account.
On January 16:
Cash 6,860
Sales Discount 140
Accounts Receivable (Pryor Inc.) 7,000
To record the collection of the accounts receivable within the discount period.
b. On January 10:
Accounts Receivable (Andrew Farley) 9,000
Sales Revenue 9,000
To record the sale of merchandise on account.
On February 10:
Accounts Receivable (Andrew Farley) 5,000
Interest Revenue 90
Sales Discount 1,910
Cash 6,000
To record the partial payment of the balance due, including interest and discount.
On March 10:
Accounts Receivable (Andrew Farley) 3,000
Interest Revenue 30
Sales Revenue 3,000
To record the billing for the remaining balance due and the interest charged.
Read more on entries here
brainly.com/question/27857473
#SPJ11
The purchase price for a land and building combined was $168,000. Appraisals indicate respective values of $30,000 and $150,000. The cost allocated to the land and building, respectively, should be (NOT ANS. A)
$28,000/140,000
$30,000/150,000
$84,000/84,000
$90,000/90,000
In accounting, depreciation refers to? (NOT ANS. D)
deterioration of a fixed asset
systematic and rational expensing of fixed asset cost
the obsolescence of a fixed asset
the decline in value of a fixed asset
In which section of the statement of cash flows would the effect of an impairment write-down be reported? (NOT ANS. D)
Operating
Investing
Financing
None of the above since no cash has been spent
The purchase price for a land and building combined was $168,000. Appraisals indicate respective values of $30,000 and $150,000.
$28,000/140,000
$30,000/150,000
$84,000/84,000
$90,000/90,000
In accounting, depreciation refers to? (NOT ANS. D)
deterioration of a fixed asset
systematic and rational expensing of fixed asset cost
the obsolescence of a fixed asset
the decline in value of a fixed asset
In which section of the statement of cash flows would the effect of an impairment write-down be reported? (NOT ANS. D)
Operating
Investing
Financing
None of the above since no cash has been spent
Learn more about Financing
brainly.com/question/10024737
#SPJ11
Using contribution margin format income statement to measure the magnitude of operating leverage
The following income statement was drawn from the records of Butler Company, a merchandising firm:
BUTLER COMPANY
Income Statement
For the Year Ended December 31, 2014,
Sales revenue (2,000 units × $275) $ 550,000
Cost of goods sold (2,000 units × $146) (292,000)
Gross margin 258,000
Sales commissions (10% of sales) (55,000)
Administrative salaries expense (80,000)
Advertising expense (38,000)
Depreciation expense (50,000)
Shipping and handling expenses (2,000 units × $1.50) (3,000)
Net income $ 32,000
Required
a. Reconstruct the income statement using the contribution margin format.
b. Calculate the magnitude of operating leverage. (Round your answer to 2 decimal places.)
c. Use the measure of operating leverage to determine the amount of net income Butler will earn if sales increase by 10 percent. (Do not round intermediate calculations.)
The magnitude of operating leverage is 6.25 and the net income if the sales increase by 10% is $52,000.
a. Reconstructed income statement using the contribution margin format:
Income Statement
For the Year Ended December 31, 2014,
Sales revenue $550,000
Variable expenses:
Cost of goods sold (2,000 units × $146) $292,000
Sales commissions (10% of sales) $55,000
Shipping and handling expenses (2,000 units × $1.50) $3,000
Total variable expenses $350,000
Contribution margin (Sales revenue - Total variable expenses) $200,000
Fixed expenses:
Administrative salaries expense $80,000
Advertising expense $38,000
Depreciation expense $50,000
Total fixed expenses $168,000
Net income (Contribution margin - Total fixed expenses) $32,000
b. Magnitude of Operating Leverage = Contribution margin / Net income
= $200,000 / $32,000
= 6.25
c. Net income with a 10% increase in sales = Net income + (Contribution margin × % increase in sales)
= $32,000 + ($200,000 × 0.10)
= $32,000 + $20,000
= $52,000
Learn more about operating leverages, here:
https://brainly.com/question/29690696
#SPJ4
Felix started his own company 3 years ago. He does not have a company pension plan set up yet. He pays himself the necessary salary that just allows him to maximize his RRSP contribution limit of $29,210 (Table D). What is Felix's salary? a) $118,000 b) $130,000 c) $154,611 d) $100,000 e) $162,278
To determine Felix's salary, we need to find the maximum amount that allows him to maximize his RRSP contribution limit of $29,210.Thus, the correct option is (e) $162,278.
According to Table D, the RRSP contribution limit for 2023 is 18% of the previous year's earned income, up to a maximum of $29,210.Let's assume the previous year is 2022. To calculate the maximum earned income, we divide the RRSP contribution limit by 18%: $29,210 / 0.18 = $162,277.78 (rounded to $162,278).Therefore, Felix's salary should be equal to the maximum earned income, which is $162,278.Thus, the correct option is (e) $162,278.To determine Felix's salary, we need to find the maximum amount that allows him to maximize his RRSP contribution limit of $29,210.
learn more about contribution here:
https://brainly.com/question/28037537
#SPJ11
Explain why an economy does not have 0 percent unemployment when it has full employment.
Should the government try to force the unemployment rate down as close to zero as possible?
An economy does not have 0 percent unemployment when it has full employment because of certain factors like frictional unemployment (temporary job transitions) and structural unemployment (mismatch of skills and job requirements).
requirements). Forcing the unemployment rate down to zero may have unintended consequences and may not be desirable due to potential negative effects on the economy.
Full employment does not mean zero percent unemployment because some level of unemployment is considered natural and necessary in an economy. Even in a healthy, well-functioning economy, there are individuals transitioning between jobs (frictional unemployment) or facing a mismatch between their skills and available job opportunities (structural unemployment). These factors contribute to a certain level of unemployment even when the economy is operating at its full potential.
Attempting to force the unemployment rate down to zero can have negative consequences. For example:
1. Inflationary pressures: With extremely low unemployment, labor shortages may occur, driving up wages and production costs. This can lead to inflationary pressures in the economy.
2. Labor market flexibility: Some level of unemployment allows for labor market flexibility, enabling job seekers to explore different opportunities, match their skills with appropriate positions, and facilitate overall economic adjustments.
3. Discouraged workers: In an attempt to reach zero unemployment, individuals who are discouraged and have given up looking for work may be brought back into the labor force, potentially distorting the true employment picture.
Instead of targeting zero unemployment, governments often focus on maintaining a stable and sustainable level of unemployment (often referred to as the natural rate of unemployment) that balances economic efficiency and job market dynamics. Policies aimed at promoting job creation, skills development, and reducing barriers to employment can contribute to a healthier labor market without attempting to force the unemployment rate to zero.
Learn more about economy here:
https://brainly.com/question/30131108
#SPJ11
Nike, Inc., with headquarters in Beaverton, Oregon, is one of the world's leading manufacturers of athletic shoes and sports apparel. The following activities occurred during a recent year. The amounts are rounded to millions of dollars.
a. Purchased additional buildings for $212 and equipment for $30.4; paid $43.2 in cash and signed a long-term note for the rest.
b. Issued $186.6 in additional stock for cash.
c. Declared $121.4 in dividends to be paid in the following year.
d. Purchased additional short-term investments for $2,908.7 cash.
e. Several Nike investors sold their own stock to other investors on the stock exchange for $53.
f. Sold $2,390 in short-term investments for cash.
Required:
1. For each of the events (a) through (f), perform transaction analysis and indicate the account, amount, and direction of the effect on the accounting equation. Check that the accounting equation remains in balance after each transaction.
Accounting Equation
The relationship between assets, liabilities and stockholders' equity of the firm forms an accounting equation. It equates assets equal to the sum of liabilities and stockholders' equity. The accounting equation is balanced in the books of accounts.
The accounting equation (Assets = Liabilities + Stockholders' Equity) remains balanced throughout these transactions as the effects on different accounts are properly recorded and offset each other.
Transaction analysis for each event:
a. Purchased additional buildings and equipment for a total of $242.4 million. Paid $43.2 million in cash, resulting in a decrease in cash by $43.2 million and an increase in buildings and equipment by $242.4 million. The accounting equation remains in balance as assets increase by $199.2 million (242.4 - 43.2), which is offset by an increase in liabilities or stockholders' equity (long-term note payable).
b. Issued additional stock for cash, raising $186.6 million. This results in an increase in cash by $186.6 million and an increase in stockholders' equity by the same amount. The accounting equation remains balanced as assets and stockholders' equity both increase by $186.6 million.
c. Declared dividends of $121.4 million to be paid in the following year. This transaction does not directly affect the accounting equation as it represents a declaration of future obligations.
d. Purchased additional short-term investments for $2,908.7 million in cash. This results in a decrease in cash by $2,908.7 million and an increase in short-term investments by the same amount. The accounting equation remains balanced as assets increase by $2,908.7 million.
e. Investors sold their own stock to other investors on the stock exchange for $53 million. This transaction does not directly impact the accounting equation as it represents a transfer of ownership between investors.
f. Sold short-term investments for $2,390 million in cash. This results in an increase in cash by $2,390 million and a decrease in short-term investments by the same amount. The accounting equation remains balanced as assets decrease by $2,390 million.
To learn more about transactions
https://brainly.com/question/1016861
#SPJ11
Earnings per share Begin by selecting the correct formula. Earnings per share = (Net income - Preferred dividends )÷ Weighted average number of common share outstanding Now, compute the ratio for both companies for both years. (Round your answers to two decimal places, X.XX.) Balance Sheet Assets Cash and Cash Equivalents Accounts Receivable
To compute the earnings per share ratio for both companies for both years, you will need the net income, preferred dividends, and weighted average number of common shares outstanding.
Start by gathering the necessary information for each company and year.
Calculate the net income by subtracting the preferred dividends from the net income.
Determine the weighted average number of common shares outstanding for each year. This can be calculated by taking the sum of the beginning common shares and ending common shares, divided by 2.
Apply the formula: Earnings per share = (Net income - Preferred dividends) ÷ Weighted average number of common shares outstanding.
To know more about share visit:
https://brainly.com/question/30702029
#SPJ11
Imagine that you are an international business consultant to a fictitious company (make up your own product or products or service) that has decided to explore the possibilities of expansion into at least two countries.
Create a 4–5-page paper in which you justify your assertions for each of the following:
Develop a brief overview of the fictitious company including its product(s).
Choose at least two different foreign countries where the company would globalize the product or their products, and analyze the following objectives:
Develop a brief profile of the countries that you have chosen.
Expected effects and driving forces as a result of the company´s globalization plan.
Successful strategies to enter the global market for the different foreign countries that you selected.
Comparative analysis between the company’s domestic and global environments.
External factors or environments of the selected countries (political, economic, technological, legal, and others) which could benefit or discourage international business.
Investigate the key factors that you would need to understand to guide an effective pricing strategy for your product or service, based on your foreign currencies’ analysis for your selected countries.
Comparative analysis between international trade, foreign direct investment, and global joint ventures. Explain which one of these models would you choose.
Better practices to look for international business opportunities for your company and for your product(s).
This strategic analysis focuses on the expansion of a fictitious company, XYZ Corporation, into two foreign countries. The company specializes in smart home devices and aims to capitalize on international opportunities. The selected countries are Singapore and Brazil, each with unique market profiles and potential for growth.
Strategies for successful entry into these markets are outlined, emphasizing the need for customization, partnerships, and localized marketing. A comparative analysis between domestic and global environments highlights the challenges and adaptations required for international expansion. External factors such as political, economic, technological, and legal environments are considered, along with the importance of understanding foreign currencies for effective pricing strategies. Additionally, the analysis compares international trade, foreign direct investment, and global joint ventures as viable business models. The paper concludes by highlighting best practices for identifying international business opportunities.
Title: Expanding a Fictitious Company into Global Markets: A Strategic Analysis
Introduction:
This paper serves as a strategic analysis for a fictitious company looking to expand its operations into two foreign countries. The company, XYZ Corporation, specializes in the production and distribution of innovative smart home devices.
1. Overview of XYZ Corporation and its Products:
XYZ Corporation is a leading technology firm specializing in the development and distribution of smart home devices. Its product portfolio includes smart thermostats, security systems, lighting solutions, and home automation hubs. These products leverage cutting-edge technologies to enhance convenience, security, and energy efficiency in households.
2. Profile of Selected Foreign Countries:
a) Country A: Singapore
- Profile: Developed economy with a strong focus on technology and innovation.
- Market Potential: Growing demand for smart home devices, high disposable income, and favorable government policies.
- Cultural Factors: Embraces technology, English proficiency, and multicultural society.
- Competitive Landscape: Presence of established tech companies and high consumer expectations for quality and innovation.
b) Country B: Brazil
- Profile: Emerging market with a growing middle class and increasing digital adoption.
- Market Potential: Large population, rising consumer spending, and increasing urbanization.
- Cultural Factors: Emphasis on social connections, family-oriented, and preference for localized customer experiences.
- Competitive Landscape: Potential for partnerships with local distributors, need for affordability, and competition from global and local tech firms.
3. Entry Strategies for Global Markets:
a) Singapore:
- Establish strategic partnerships with local technology distributors.
- Leverage Singapore's strong ecosystem of technology startups and research institutions.
- Customize products to meet local preferences and regulatory requirements.
b) Brazil:
- Joint venture with a local distributor to navigate regulatory complexities and gain market insights.
- Develop localized marketing strategies to connect with the family-oriented Brazilian consumer base.
- Offer affordable pricing options to capture the price-sensitive market.
4. Comparative Analysis of Domestic and Global Environments:
- Domestic Environment: Familiar market dynamics, established distribution channels, and well-understood consumer preferences.
- Global Environment: New market dynamics, cultural nuances, regulatory variations, and competition from local and global players.
- Adaptation and customization of products, marketing strategies, and distribution channels are essential in the global environment.
5. External Factors Influencing International Business:
- Political Factors: Stability, trade agreements, government regulations, and policies affecting foreign investment.
- Economic Factors: GDP growth, income levels, consumer spending patterns, inflation rates, and currency exchange rates.
- Technological Factors: Digital infrastructure, connectivity, and adoption of smart technologies.
6. Pricing Strategy based on Foreign Currency Analysis:
- Analyze exchange rates, inflation rates, and purchasing power parity to determine competitive pricing.
- Consider local market conditions, consumer affordability, and willingness to pay.
7. Comparative Analysis of International Business Models:
- International Trade: Exporting products to foreign markets through established distribution networks or online platforms.
- Foreign Direct Investment: Establishing physical presence through subsidiaries
To know more about strategic analysis:
https://brainly.com/question/29841727
#SPJ11
Paul is in the armed services and asks his father George to handle his household affairs while he is deployed in the Mid-East. There is no further discussion and there is no writing. The lot next to Paul's house goes up for sale and George is confident that Paul would want him to buy it. George signs a contract to purchase the lot as agent for Paul. When he gets back, Paul is angry about George's decision and wants to get out of the contract. What legal arguments would Paul have?
A. George did not have authority to enter into the contract pursuant to the equal dignity rule.
B. George did not have actual authority to enter into the contract.
C. George did not have implied authority to enter into the contract.
D. All of the above.
Paul's legal argument would be that George did not have actual authority to enter into the contract (option b).
Actual authority refers to a type of authority given to an individual or agent when the principal specifically informs the agent that they have the power to act on their behalf in the specific circumstances described in the contract.In this case, George was not authorized by Paul to purchase the land or enter into a contract to buy it on his behalf.
Therefore, George did not have actual authority to enter into the contract. This legal argument is Paul's most appropriate argument. In conclusion, the legal argument that Paul has in this scenario is that George did not have actual authority to enter into the contract. The correct option is b.
To know more about argument:
https://brainly.com/question/2645376
#SPJ11
What is this solution?
Illustration of Bilateral Mudarabah Bank Alrajhi provides SAR100,000 to Omar and profit sharing ratio is 70:30 If Loss is SAR 20,000 Bank Alrajhi If profit is SAR 40,000 bears the loss of SAR 20,000,
In this illustration of a bilateral mudarabah, Bank Alrajhi provides SAR100,000 to Omar and the profit sharing ratio is 70:30 in favor of Omar. If there is a loss of SAR 20,000, Bank Alrajhi bears the entire loss.
However, if there is a profit of SAR 40,000, it will be distributed between the two parties based on their agreed profit-sharing ratio.
To understand how this works in practice, let's assume that Omar uses the SAR100,000 to invest in a business venture. Over the course of the investment period, the business experiences a loss of SAR 20,000 due to unforeseen circumstances.
Since Bank Alrajhi has agreed to bear the entire loss, it would be responsible for covering the SAR 20,000 loss. As a result, Omar would not be required to repay any portion of the investment amount and would not receive any profit from the venture.
However, if the business had instead generated a profit of SAR 40,000, the profits would be distributed between Bank Alrajhi and Omar based on their agreed profit-sharing ratio of 70:30. In this case, Bank Alrajhi would receive SAR 28,000 (70% of the profit) while Omar would receive SAR 12,000 (30% of the profit).
Bilateral mudarabah arrangements are commonly used in Islamic finance to provide financing for business ventures while sharing the risks and rewards between the investor and entrepreneur. By agreeing on profit and loss sharing ratios upfront, both parties can benefit from the success of the venture while minimizing their exposure to potential losses.
learn more about bilateral here
https://brainly.com/question/11531543
#SPJ11
Allocative efficiency refers to Multiple Cholce the full employment of all avallable resources. production at some point inside of the production possibilitles curve. the production of the product mix most wanted by soclety. the use of the least-cost method of production.
Allocative efficiency refers to the production of the product mix most wanted by society. It means using available resources in a way that maximizes the satisfaction or utility of society.
How it it achieved?Allocative efficiency is achieved when resources are allocated in such a way that the last unit produced gives society the same marginal benefit as the marginal cost of producing it.
In other words, it is the point on the production possibilities curve where society is producing the right combination of goods and services that align with people's preferences and desires.
This is in contrast to productive efficiency, which refers to producing goods and services using the least-cost method of production.
So, to summarize, allocative efficiency is about producing the product mix most wanted by society, while productive efficiency is about using the least-cost method of production.
To know more on Product mix visit:
https://brainly.com/question/31368802
#SPJ11
Marina had an accident with her car and the repair bill came to $900. She didn't have any emergency fund money and no extra money in her monthly budget, so she ended up borrowing from a pay-day loan company. As long as she can pay the loan back at the end of the 30 day period she won't be charged any interest, technically. However, she did have to pay an $18 processing fee per $100 that she borrowed. If she were to consider the processing fee to represent interest paid in her formula, what would she discover to be the annual interest rate was her short term loan? QUESTION 2 The end of the month has arrived and Marina was only able to save up a portion of the money she owed so far. This means she will have to delay paying off on the remaining amount. Besides the delayed payment fee that she is charged, she will now have to pay interest on the remaining amount until it is paid off. The APR (annual percentage rate) is 47%, but the interest is compounded daily. What is the effective interest rate that Marina will actually be paying?
The effective interest rate that Marina will actually be paying is 51.67%.
For the first question, Marina borrowed $900 from a pay-day loan company and was charged an $18 processing fee per $100 she borrowed. Therefore, her processing fee would be $162 (i.e., $18 * 9). So, the total amount that Marina has to repay at the end of 30 days would be $1,062 (i.e., $900 + $162). If we consider the processing fee as interest paid, then the annual interest rate for the short-term loan would be:
Annual interest rate = (processing fee / principal) * (365 / days)
Here, the principal is $900, and the number of days in the loan period is 30. So,
Annual interest rate = ($162 / $900) * (365 / 30) = 269.4%
Therefore, if we consider the processing fee as interest paid, the annual interest rate for Marina's short-term loan is 269.4%.
For the second question, Marina was only able to save up a portion of the money she owed so far and will have to delay paying off the remaining amount. Besides the delayed payment fee, she also has to pay interest on the remaining amount until it is paid off. The APR for the loan is 47%, but interest is compounded daily. To calculate the effective interest rate, we can use the following formula:
Effective annual interest rate = (1 + (APR / n))^n - 1
Here, APR is the annual percentage rate, which is 47%. The interest is compounded daily, so n would be 365. So,
Effective annual interest rate = (1 + (0.47 / 365))^365 - 1 = 0.5167
Multiplying by 100, we get the effective annual interest rate as 51.67%.
Therefore, the effective interest rate that Marina will actually be paying is 51.67%.
learn more about interest rate here
https://brainly.com/question/28236069
#SPJ11
The Internet will expand the universe of political participation". To what extent do you agree with this idea? (500 words)
I agree that the Internet can expand political participation, but the extent of its impact depends on various factors.
The internet has undoubtedly revolutionized political participation by providing a platform for individuals to voice their opinions, engage in discussions, and mobilize for causes. It allows citizens to access information about political issues and candidates, fostering greater awareness and informed decision-making. Online platforms like social media also facilitate the formation of virtual communities where people can connect, organize, and collectively advocate for change. However, the extent to which the internet expands political participation varies.
Factors such as access to technology, digital literacy, and online censorship can limit the participation of certain groups. Moreover, online discussions can sometimes be polarizing, leading to echo chambers and reinforcing existing beliefs rather than encouraging open dialogue. Therefore, while the internet has the potential to expand the universe of political participation, its impact is contingent on addressing these challenges and ensuring inclusive and constructive online environments.
To know more about the Internet visit:
https://brainly.com/question/16327720
#SPJ11
Common Stock Research and prepare the following for active discussion in no more than 300 words. 1. What is Common Stock and what is its relationship with an IPO? 2. How does a company go about issuing Common Stock? 3. How does Common Stock differ from Preferred Stock - EXPLAIN!!! Remember to post your response and then reply to at least two (2) of your peers' submission/post. Then, in no more than 50 words, respond/reply to two (2) group members with one (1) reply to each. Your responses should relate to the post answering the question in Section B by your group member/peer for which you are to outline whether you agree and why. Standard English should be utilized in these blogs (NO LOL!!!!! /slang etc. allowed) INSTRUCTIONS To start the discussion forum, "You must open the Discussion Topic post and reply to the discussion topic". In the subject box you MUST type in your full name, and in the message box, type in your original posting (the discussion summary mentioned above). Then post to forum in the button below. In your community as students post you will see a stack of boxes with the names of students containing their original postings, click on the student's name that you wish to respond to in your group. Again you must respond different students in your group. Please note that this is a Question and Answer forum which require that you prepare your initial post first before you post a reply to your peers' initial post. You must open the Discussion Topic post and reply to the discussion topic before you can see contributions made by others students. PLEASE NOTE THAT after your initial post you may have to wait around 30 minutes before you are able to see contributions made by others students.
Common Stock represents ownership in a corporation and is typically issued through an IPO. It provides shareholders with voting rights and the potential for dividends.
Common Stock is a type of security that represents ownership in a corporation. When individuals or institutional investors purchase common stock, they become shareholders and have a claim on the company's assets and earnings. Common stockholders typically have voting rights in corporate decisions and may receive dividends, which are a portion of the company's profits distributed to shareholders.
The relationship between Common Stock and an Initial Public Offering (IPO) is that an IPO is the process through which a company offers its common stock to the public for the first time. In an IPO, the company transitions from being privately owned to being publicly traded on a stock exchange. The purpose of an IPO is to raise capital for the company's growth and expansion. It allows the company's founders, early investors, and employees to sell their shares to the public and provides an opportunity for new investors to buy shares in the company.
To issue Common Stock, a company typically follows a process that involves several steps. Firstly, the company needs to determine the number of shares it wants to issue and the price at which it will offer them to the public. This process involves valuation and financial analysis to determine a fair price that reflects the company's value and market demand.
Next, the company prepares the necessary legal documents, such as a prospectus, which provides detailed information about the company, its financials, business model, and risks associated with investing in the company. The prospectus is filed with the appropriate regulatory authorities for review and approval.
Once the regulatory approval is obtained, the company engages underwriters, usually investment banks, to help market and sell the shares to potential investors. The underwriters help set the IPO price, coordinate the distribution of shares, and provide support in the marketing and investor relations process.
Common Stock differs from Preferred Stock in several ways. Preferred Stock represents ownership in a company as well, but it has different characteristics compared to Common Stock. While Common Stockholders have voting rights, Preferred Stockholders usually do not have voting rights or have limited voting rights. Preferred Stockholders also have a higher claim on the company's assets and earnings compared to Common Stockholders in the event of liquidation or bankruptcy.
In terms of dividends, Preferred Stockholders have a predetermined dividend rate that must be paid before any dividends can be distributed to Common Stockholders. Preferred dividends are usually fixed or calculated as a percentage of the par value, while Common Stock dividends are variable and dependent on the company's profitability and the decision of the board of directors.
In conclusion, Common Stock represents ownership in a corporation and is typically issued through an IPO. It provides shareholders with voting rights and the potential for dividends. The process of issuing Common Stock involves valuation, legal preparations, regulatory approvals, and engagement with underwriters. Preferred Stock, on the other hand, has different characteristics, such as limited voting rights and priority in asset distribution and dividends.
To know more about Common Stock, visit:
https://brainly.com/question/29724384
#SPJ11
when an accountant serves the decision-making needs of the
external users of the business, the accountant is engaged in
select one
a. financial accounting
b.managerial accounting
c. consulting
d. none
The correct answer is Option A financial accounting. when an accountant serves the decision-making needs of the external users of the business, the accountant is engaged in financial accounting.
When an accountant serves the decision-making needs of the external users of the business, the accountant is engaged in financial accounting.
Financial accounting is a branch of accounting that is concerned with the creation of financial statements and reports for external stakeholders.
The external stakeholders could be investors, creditors, or regulatory authorities.
The financial statements are prepared using generally accepted accounting principles (GAAP) and provide an accurate and complete view of the financial health of the organization.
Financial accounting focuses on the past performance of the company and provides information to external stakeholders who are interested in making decisions based on this information.
Examples of external users of financial accounting information are: Investors, creditors, analysts, government agencies, customers, and the general public.
Financial accounting is usually performed by a certified public accountant (CPA) who ensures that the financial statements are prepared in compliance with GAAP.
Financial statements are the foundation for business analysis and decision-making and are typically presented in annual reports..
Managerial accounting, on the other hand, is concerned with the creation of internal reports and financial statements that are used by internal stakeholders to make decisions.
Internal stakeholders are usually management or employees of the organization.
Managerial accounting focuses on the future performance of the organization and provides information to internal stakeholders who are interested in making decisions based on this information.
Examples of internal users of managerial accounting information are: Managers, employees, executives, and business owners.
Managerial accounting is usually performed by an accountant or accounting department and is not regulated by GAAP as it is not intended for external stakeholders.
The information provided by managerial accounting can help management to plan, control, and make decisions that will increase the profitability and efficiency of the organization.
Therefore, The correct answer is Option A financial accounting.
For more questions on accountant
https://brainly.com/question/26690519
#SPJ8
Can I please get an introduction/summary to this case
Sweden's IKEA: The World's Most Profitable Retailer THE WORLD'S MOST profitable global retailer is not Walmart or the UK-based Tesco, but IKEA-a privately owned home-furnishings company hailing from S
Sweden's IKEA is widely recognized as the world's most profitable retailer, surpassing renowned retail giants like Walmart and Tesco. As a privately owned company specializing in home furnishings, IKEA has achieved remarkable success in the global market.
Sweden's IKEA has established itself as the world's most profitable retailer due to its unique business model, focus on home furnishings, global expansion, cost-effective operations, self-service approach, sustainability initiatives, and effective customer engagement. With its continued emphasis on innovation, affordability, and customer satisfaction, IKEA is likely to maintain its position as a retail industry leader in the foreseeable future.
Learn more about Sweden's ikea :
https://brainly.com/question/31326054
#SPJ11
