Answer: Value stream mapping
Explanation:
Value stream map is a visual representation of the steps that were taken in a process from the start of the process till the moment it gets to the customer.
The technique is used in the identificstion of all of the value-adding as well as non-value-adding processes that materials are subjected to within a plant, from raw material coming into the plant through delivery to the customer.
Expensive department stores market service and atmosphere while less expensive stores market location and perceived lower prices or credit (check cashing services). This is characteristic of _______________________ .
Answer: Monopolistic competition
Explanation:
Monopolistic competition is described as a competition between firms where they offer similar services but not the same or exact services. This competition is seen in industries where differentiation is possible, example of such industries are restaurant, hairdressers, clothing, TV programs.
Crystal Ship Knitwear, Inc., is expanding its offerings from handmade winter hats, scarves, and gloves to include clothing such as sweaters and knit outerwear. At the same time, it wants to open two retail stores and not rely entirely on online sales. To staff the new manufacturing facilities and brick-and-mortar stores properly, the company should conduct a(n) Group of answer choices
Answer: demand forecast
Explanation:
Demand forecast simply means predicting the demand for a particular good or service in order to determine supply and also make other necessary management decisions.
Based on the information that were provided in the question, to staff the new manufacturing facilities and brick-and-mortar stores properly, the company should conduct a demand forecast.
the insured under a $1000000 life insurance policy with a triple indemnity rider for accidental death was killed in a car accident it was determined that the accident was his fault the triple indemnity rider in the policy specifies that the death must be contributed to by the insured in any
Answer:
A triple indemnity rider establishes that the insurance company will pay double or triple (depends on the accident and the specifics of the policy) the original insurance amount in case the insured dies from an accident as long as the insured was not responsible for the accident. In this case, since the insured was responsible for causing the accident, his family will receive the face value of the policy ($1,000,000) and the triple indemnity rider clause will not be enforced.
Yvonne authorizes Warren to act as her agent and sell her vehicle. Yvonne tells Warren her vehicle has never been in an accident, and Warren, despite knowing Yvonne had been in an accident a year ago in the car, passes this information on to the buyer. Is Warren liable for the misrepresentation:__________
Answer:
no
Explanation:
because he does something that he don't know what will happen ..and do not research for someone who want to hers car
The weighted average cost of capital for a company: Group of answer choices should be used as the required return when analyzing a potential acquisition in an unrelated business. is unaffected by changes in corporate tax rates. is equivalent to the after-tax cost of the firm's liabilities. is the return investors require on the total assets of the firm. remains constant when the debt-equity ratio changes.
Answer:
is the return investors require on the total assets of the firm
Explanation:
The weighted average cost of capital (WACC) is the rate of return in which the company predicted to pay for holding the security in order to finance the assets
The formula to compute the WACC is shown below:
= Weightage of debt × cost of debt × ( 1- tax rate) + (Weightage of preferred stock) × (cost of preferred stock) + (Weightage of common stock) × (cost of common stock)
Hence, fourth option is correct
Frame Co. has an 8% note receivable dated June 30, 20X1, in the original amount of $150,000. Payments of $50,000 in principal plus accrued interest are due annually on July 1, 20X2, 20X3, and 20X4. In its June 30, 20X3, balance sheet, what amount should Frame report as a current asset for interest on the note receivable
Answer:
$8,000
Explanation:
Given the following:
Interest rate on notes receivable = 8%
Original principal balance = $150,000
Amount due by July 1 = $50,000
Therefore, in the June 30, 20X4 balance sheet, the original principal balance that has been outstanding will be :
$150,000 - $50000 = $100,000
Therefore, only $100,000 has been outstanding and is due for calculation in the interest on accounts receivable on June 30.
Interest rate * principal balance due at the date
8% * $100,000
0.08 * $100,000
= $8,000
The amount that should Frame report as a current asset for interest on the note receivable is $8,000.
What is note receivable?A note receivable is defined as a written promise to acquire a particular amount of cash from some other party on one date/s. This is addressed as an asset by the bearer of the note.
Computation of notes receivable:
According to the given information,
Notes receivable interest rate = 8%
Original principal Amount = $150,000
Due amount on July 1 = $50,000
Hence, in the balance sheet of the June 30, 20X4, the actual amount of principal balance that has been outstanding is:
[tex]=\text{Original Principal Amount -Due Amount}\\\\=\$150,000 -\$50000\\=\$100,000[/tex]
Therefore, the outstanding amount would be $1,00,000 and is due for calculation in the interest on accounts receivable on June 30.
Now the amount of note receivable is:
[tex]\text{Interest Rate} \times \text{Principal Balance Due at the Date}\\\\8\%\times \$1,00\\\\\$8,000[/tex]
Therefore, note receivable is $8,000.
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The real exchange rate measures the: Group of answer choices number of foreign goods one unit of domestic currency can buy amount of foreign currency one can get for one unit of domestic currency value of foreign currency denominated in domestic prices relationship between foreign and domestic interest rate number of foreign goods required to purchase a single unit of a domestic good
Answer:
number of foreign goods required to purchase a single unit of a domestic good
Explanation:
The real exchange rate is the rate which says that the rate at which the goods and services that are produced in the domestic country would be exchanged with the foreign goods and services
It could find out by applying the following formula
The Real exchange rate is
= Nominal exchange rate × (Foreign price ÷ Domestic price)
Hene, the last option is correct
A fundamental rethinking and radical redesigning of business activities to achieve dramatic improvemnts in critical measures of performance such as costs, quLITY, SERVICE, AND SPEED IS KNOWN AS
Answer:
BUSINESS PROCESS REENGINEERING, BPR
Explanation:
BPR is a management technique based on long term, whose objective is to achieve the objectives and improve processes through cost reduction, quality, service and speed improvement, which are essential for an organization to achieve a strong position in the its micro and macro environment.
Organizations use BRP to eliminate their flaws, such as loss of market to competition, interpersonal conflicts, communication noise, etc.
Suppose quantity demanded is 2,000 when price is $10 and 3,000 when price is $5. If a monopolist who was initially charging a price of $10 discovers a way to price discriminate, it will be able to increase revenue from $20,000 to:
Answer:
$25,000 by charging consumers with more elastic demand only $5 and keeping the price for consumers with less elastic demand at $10
Explanation:
Price discrimination refers to the differentiation in the price of the product for every consumer that means the company charged different prices from the different customers
Also, in this it charges from the consumers having more elastic demand at less price. Here 2,000 units are purchased at $10 and the 1,000 units are purchased at $5 so the total quantity demanded is 3,000
The 25,000 units come from
= 2,000 ($10) + 1,000 ($5)
= 20,000 + 5,000
= 25,000
The funds dispensed at the ATM machine located near the checkout line at the Kroger's in Union Kentucky, follows a normal probability distribution with mean $4200 per day and a standard deviation of $720 a day. The machine is programmed to notify the nearby bank that if the amount dispensed is very low (less than $2500) or very high ($6,000).
a. What percent of the days will the bank be notified because the amount dispensed is very low?
b. What percent of the time will the bak be notified because the amount is very high?
c. What percent of the time will tbe bank not be notified regarding the amount of funds being dispensed?
Answer:
0.00914 ; 0.0062 ; 0.9847
Explanation:
Given the following :
Normal distribution :
Mean(m) = $4200
Standard deviation (sd) = 720
Amount VERY low = < 2500
Amount very high = > 6000
a. What percent of the days will the bank be notified because the amount dispensed is very low?
x < 2500
Finding the z-score :
Z = (x - mean) / standard deviation
Z = (2500 - 4200) / 720
Z = - 1700 / 720 = −2.361111
P(z < −2.361111)
Locating −2.361111 on the z- distribution table
-2.3 under 0.06 = 0.00914
P(z < −2.361111) = 0.00914
B) What percent of the time will the bank be notified because the amount is very high?
x > 6000
Finding the z-score :
Z = (x - mean) / standard deviation
Z = (6000 - 4200) / 720
Z = 1800 / 720 = 2.5
P(z > 2.5)
Locating 2.5 on the z- distribution table = 0.9938
P(z > 2.5) = 1 - 0.9938 = 0.0062
c. What percent of the time will the bank not be notified regarding the amount of funds being dispensed?
P(2500 < X < 6000)
P(2500 < X < 6000)
P(-2.36 < z < 0) + P(0 < z < 2.5)
= 0.4909 + 0.4938
= 0.9847
Paris Corporation has 17,000 shares of $60 par common stock outstanding. On August 2, Paris Corporation declared a 3% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $82 per share on August 2.
Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" and leave the amount boxes blank.
Aug. 2 Stock Dividends
Stock Dividends Distributable
Paid-In Capital in Excess of Par-Common Stock
Sept. 15 No entry required
No entry required
Oct. 8 Stock Dividends Distributable
Common Stock
Answer:
Date General Journal Debit Credit
Aug 2. Stock Dividend $41,820
(17,000 * 3% * $82)
Stock Dividend Distributable $30,600
(17,000 * 3% * $60)
Paid-in-Capital in Excess of Par- $11,220
Common stock
Sept. 15 No Entry required
Oct. 8 Stock Dividend Distributable $30,600
Common Stock $30,600
When the price of a product is p dollars each, suppose that a manufacturer will supply 2p - 8 units of the product to the market and that consumers will demand to buy 300 - 2p units. At the value of p for which supply equals demand, the market is said to be in equilibrium. Find this value of p.
Answer:
77
Explanation:
The computation of the value of P is shown below:-
As we know that
at Market equilibrium,
Supply = Demand
So, the equation will be
Number of units supplied = Number of units in demand
2p - 8 = 300 - 2p
Now we solve it
2p + 2p = 300 + 8
4p = 308
p = 308 ÷ 4
= 77
Therefore we have solved the above equation to determine the value of the P
2-3 personal experience of exploitation as a consumer
Answer:
Explanation:
Exploitation often involves a denial of an individual's right (in this case a consumer's right).
Consumers are often exploited in this three areas:
Poor quality standard: For example, one may purchase an electronic device, which in most cases the quality level is determined only after using the product and then discover that the product has failed to meet expectations like performance failure.
High Prices: This is often happens when a consumer isn't aware of the average price of a particular product and may be the taken advantage of by the seller.
False or Incomplete product description: Online shopping often presents this type of exploitation. For example, an individual may buy a wrist watch he thinks is made of silver, but receives the item an discover it is actually made of rubber material.
Mortgage loan originator Carol is in a hurry to leave on her vacation, and she leaves a customer's file that contains his Social Security number and bank account numbers on her desk. Carol's carelessness is violating what federal law
Answer: Fair and Accurate Credit Transaction Act
Explanation:
From the question, we are informed that Mortgage loan originator Carol is in a hurry to leave on her vacation, and she leaves a customer's file that contains his Social Security number and bank account numbers on her desk.
Carol is violating the Fair and Accurate Credit Transaction Act. The Act was put in place to detect and also hinder Identity theft.
Which of the following is NOT a person as defined by the Uniform Securities Act?
A) A small unincorporated investment club.
B) Guelph, a small city outside of Toronto, Ontario, that maintains an investment account at a brokerage house to invest surplus funds.
C) A child prodigy for whom his mother, as custodian, opened an account at a major securities firm.
D) XYZ Dry Cleaners, Inc., whose shareholders all work on the premises and also offer financial advice to customers who request it.
Answer:
C) A child prodigy for whom his mother, as custodian, opened an account at a major securities firm.
Explanation:
The Uniform Securities Act is statute that guides state on how they design their securities laws. The Security and Exchange Commission set up these guides to protect investors from securities fraud at the state level
According to the Uniform Securities Act a person is an individual, trust, corporation, unincorporated company, government, or a division of government that enters into a legal contract.
A child is not able to enter into a legally binding contract, so they are not considered to be a person according to the Uniform Securities Act.
An adult can be the only individual considered as a person. They can open the account on behalf of the child
Kimberly owns a cupcake shop in Newport Beach, California. The market for cupcakes is very competitive. At Kimberly’s current production level, her marginal cost is $31 and her marginal revenue is $27. To maximize profits, Kimberly should:
Answer:
Reduce production
Explanation:
Profit is maximised where marginal revenue equals marginal cost. Because marginal cost is greater than marginal revenue, Kimberly should reduce production unit the point where marginal cost equals $27.
Marginal cost is the increase in cost as a result of increasing production by one unit.
Marginal revenue is the increase in revenue as a result of selling one extra unit of a product.
Harley-Davidson disciples share a common, deeply held attraction to the brand. Harley appeals include: freedom, independence, power, and authenticity. Harley-Davidson doesn't just sell motorcycles. It sells self-expression, lifestyles, aspirations, and dreams. This illustrates core customer values
Answer: Brand personality
Explanation:
Brand personality is what the customers can easily relate to about a particular brand. To develop and maintain a strong brand, having a brand personality is vital.
From the question, we are informed that Harley appeals include freedom, independence, power, and authenticity and that Harley-Davidson doesn't just sell motorcycles, it sells self-expression, lifestyles, aspirations, and dreams. This illustrates brand personality.
True, its illustrated Core Customer Value.
Core customer values refers to the perception of what a product or service of a company is worth to a customer against the effort of buying such product.
These values are what attracts customers to a product or a firm.Question sometime asked by customer that what do i gain from this product despite being costlier? The Core values the customer got from the product or firm keeps the attraction.In conclusion, the values are displayed effectively by product or firms in other to persuade new customer as well as to attract existing customers.
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Cole is refinishing an antique china cabinet and has already spent $180 on the restoration. He expects to be able to sell the cabinet for $360. Cole discovers that he needs to do an additional $200 worth of work to make the cabinet worth $360 to potential buyers. He could also sell the cabinet now, without completing the additional work, for $100. What should Cole do
Answer:
Cole should complete the additional work and sell the cabinet for $360.
Explanation:
If Cole sells the cabinet now for $100 and taken into account that he has already spent $180, this means that:
$100-$180= -$80
He would be losing $80.
On the other side, if he completes the additional work, he would sell the cabinet $360. However, his expenses would be:
$180+$200= $380
Now, you have to subtract the costs from the selling price:
$360-$380= -$20
This means that he would lose $20.
According to that, Cole should complete the additional work because he would be lose less money.
Andy Seagroves purchased a computer from Best Buy. Best Buy did not disclose to him that the computer was a return item. There was no indication of any price difference between the computer Andy bought and the unopenedcomputers. Andy experiences significant difficulties with the computer and returns it to Best Buy. Andy indicates that he would like to have a new computer and that the price is now $150 more. Best Buy indicates that it is happy to take the return on the computer and credit Andy's account, but that it has no further liability.
a. Best Buy's position is correct.
b. Andy has no damages since Best Buy took back the computer.
c. Andy is entitled to recover the price difference so that he can replace the computer.
d. Andy is entitled to the return, but noadditional damages.
e. none of the above
Answer: c. Andy is entitled to recover the price difference so that he can replace the computer.
Explanation:
Most times when selling gadget integrity should be a watch word for many sellers. Selling a gadget knowing very well it has fault and not disclosing it to the buyer is a big offense that can and should be filed for a law suit if terms wanted are not met. Due to the damages that Andy got on the gadget on buying it, he is entitled to being paid the recovery price difference to get another laptop.
On May 27, Buzz Off Inc. reacquired 5,500 shares of its common stock at $23 per share. On August 3, Buzz Off sold 3,200 of the reacquired shares at $26 per share. November 14, Buzz Off sold the remaining shares at $22 per share.
Journalize the transactions of May 27, August 3, and November 14. For a compound transaction, if an amount box does not require an entry, leave it blank.
May 27_____
Aug. 3_____
Nov. 14_____
Answer:
May 27
Dr Treasury Stock $126,500
Cr Cash $126,500
Aug. 3
Dr Cash $83,200
Cr Treasury Stock $73,600
Cr Paid-in Capital from Sale of Treasury Stock $9,600
Nov. 14
Dr Cash $50,600
Dr Paid-in Capital from Sale of Treasury Stock $2,300
Cr Treasury Stock $52,900
Explanation:
Preparation for the Journal entries for Buzz Off Inc
May 27
Dr Treasury Stock $126,500
(5,500 × $23)
Cr Cash $126,500
Aug. 3
Dr Cash $83,200
(3,200 × $26)
Cr Treasury Stock $73,600
(3,200 × $23)
Cr Paid-in Capital from Sale of Treasury Stock $9,600[3,200 × ($26 – $23)]
Nov. 14
Dr Cash $50,600
($5,500-$3,200 × $22)
Dr Paid-in Capital from Sale of Treasury Stock $2,300
[$5,500-$3,200 × ($23 – $22)
Cr Treasury Stock $52,900
(2,300 × $23)
Seth is a manager at Click Systems. He leads a team of 20 employees, and Amanda is his least preferred coworker because he finds it difficult to cooperate with her. During an employee feedback session, Seth informs his boss that Amanda is unresponsive, insincere, lazy, and unfriendly. In this scenario, Seth has a _____ leadership style.
Answer:
task-oriented
Explanation:
Since in the question it is mentioned that the Seth who is a manager handling a team of 20 employees out of which Amanda is least coworker as it is very difficult to cooperate with her also she is insincere, lazy, etc
So, Seth has a task oriented leadership style as he leading a team of 20 employees whom he motivates, guides for accomplishing a task
All of the following are reasons that the statement of cash flows is useful to the analyst except: A. The statement of cash flows shows how cash is generated during an accounting period and how it has been used. B. A positive net income figure on the income statement is ultimately insignificant unless a company can translate its earnings into cash, and the only source in financial statements for learning about cash generation is the statement of cash flows. C. The statement of cash flows shows the adjustments made to net income in order to calculate cash flow from operations; those should be examined to determine why cash flow from operations is negative or positive. D. The statement of cash flows is the only financial statement that cannot be manipulated.
Answer: The statement of cash flows is the only financial statement that cannot be manipulated
Explanation:
The cash flow statement is used to know how much cash is coming into and going out of a business.
The statement of cash flows shows the adjustments that can be made to the net income to calculate cash flow from operations.
The assumption that the statement of cash flows is the only financial statement that cannot be manipulated is wrong.
The statement of cash flows is the only financial statement that cannot be manipulated is not reason that the statement of cash flows is useful to the analyst.
Cash flow statements are important for all investors, which makes financial analysts increase the inflow of cash flow so that it looks good for investors and becomes confident in the business.
Therefore, cash flow is essential in providing cash availability its inflow and outflow to accountants as well as analysts that is further used for developing income statements.
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Jeremy is a business student at ABC University. He is currently enrolled for 18 credits, mostly of quantitative courses with high workloads. He also works 25 hours a week as a bartender. Final exams are coming soon and he is worried about his grades. How would you characterize the cause(s) of Jeremy's stress?
Answer: work overload
Explanation:
From the question, we are informed that Jeremy is a business student at ABC University and that he is currently enrolled for 18 credits, mostly of quantitative courses with high workloads.
We are further told that he also works 25 hours a week as a bartender. This shows that Jeremy has many works he's doing and the likely cause of his stress is work overload. He's performing too much tasks.
Karen has $800 to open a checking account. She wants an account with the lowest fees. She only writes about five checks per month and her employer has direct deposit. She does not plan on using the ATM or online banking. Bank Account Terms and Conditions Bank Account terms and conditions. Bank C is best for Karen. Which checking account would be best for Karen? Account A Account B Account C Account D
Answer:
she does not plain on useing the ATM or on-line banking
Explanation:
Atm is way better than online banking
Answer:
C
Explanation:
Just compare it to other This is the best way
You need to have $30,250 in 17 in years. You can earn an annual interest rate of 4 percent for the first 5 years, 4.6 percent for the next 4 years, and 5.3 percent for the final 8 years. how much do you have to deposit today?
Answer:
The amount that has to be deposited today is $6205.63
Explanation:
The given parameters are;
The annual interest rate for the first 5 years = 4 percent
The annual interest rate for the next 4 years = 4.6 percent
The annual interest rate for the final 8 years = 5.3 percent
Let the amount deposited be X, we have;
X × (1 + 0.04)⁵ + X × (1 + 0.04)⁵×(1.046)⁴ + X × (1 + 0.04)⁵×(1.046)⁴ ×(1.053)⁸ = $30,250
X ((1.04)^5 + (1 + 0.04)^5×(1.046)^4 + (1 + 0.04)^5×(1.046)^4 ×(1.053)^8) = $30,250
X × 4.875 = $30,250
X = $30,250/$4.875 = $6205.63
The amount that has to be deposited today = $6205.63.
Links Cable Network has decided to offer a one-hour appointment window for customers needing installation or repair of its service, which will require the company to have several technicians on call. Links hopes this practice will give it an advantage over the competition, none of which have adopted such a practice. Links Cable Network is introducing a(n) ______ change.
Answer:
Radically innovative.
Explanation:
In this scenario, Links Cable Network has decided to offer a one-hour appointment window for customers needing installation or repair of its service, which will require the company to have several technicians on call. Links hopes this practice will give it an advantage over the competition, none of which have adopted such a practice. Links Cable Network is introducing a radically innovative change.
A radically innovative change is a strategic business approach aimed at developing the business drastically.
Which husband and wife team conducted time and motion studies, worked for General Electric to develop foot-pedal trash cans and redesign shelves in refrigerators, and had their lives documented in the book Cheaper By the Dozen
Answer:
Lillian and Frank Gilbreth.
Explanation:
Lillian and Frank Gilbreth are the husband and wife team that conducted time and motion studies, worked for General Electric to develop foot-pedal trash cans and redesign shelves in refrigerators, and had their lives documented in the book Cheaper By the Dozen.
They coined the word "Therblig" in order to identify the basic elements of human activity and motion in the study of time and motion which is typically aimed at improving the productivity and efficiency of workers while reducing fatigue simultaneously.
Starbucks entered a partnership with Keurig Green Mountain to sell K-Cup single-serving coffee packs. Because Starbucks __________, it was prepared for this shift in its marketing environment.
Answer:
tracked, as part of its ongoing environmental scanning activities, the percentage of households with single cup brewers
Explanation:
Starbucks entered a partnership with Keurig Green Mountain to sell K-Cup single-serving coffee packs. Because Starbucks tracked, it was prepared for this shift in its marketing environment.
What is a partnership?The partnership is referred to as the alliance formed between two or more two people with share capital as well as profit and loss of the business and achieve the common objective of the organization.
A shift in the marketing environment can lead to both profit and loss for an organization. Every organization needs to plan in advance to cope with the rising challenges and utilize them as opportunities for the business.
The change in the marketing environment is caused by political, social, economic, and cultural factors which affect the sales of any product.
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In an addendum to the purchase and sale contract, the seller agrees to paint the house before conveying the house to the buyer. The weather changes, and the seller is unable to finish painting the house before closing. This is an example of _______.
Answer: Partial performance
Explanation:
Partial performance is described as the completion of a job that forms a portion of a contract.Here, the seller agrees to paint the house before conveying the house to the buyer. The weather changes, and the seller is unable to finish painting the house before closing.
This indicates a part of job is done.
Hence, this is an example of partial performance.
Ethan’s job as an accounting assistant was recently modified to include reconciling bank accounts and making deposits, two tasks previously done by the accounting manager. This increase in responsibility would best be described as job
Answer: enrichment
Explanation:
Job enrichment is when new dimensions are added to the job of an employee at an organization. Job enrichment can include adding extra work, creating autonomy, increasing skill variety, etc.
This is shown in the above analysis as Ethan has been giving more task that what he normally does.
