Working in a bakery, a place that is always busy means having to multitask frequently. It's typical for a regular customer to stop by and ask how things are going or how the day is going. While they might mean well, it's vital to be alert and conscious of any other customers who may require assistance.
If you are working the bakery counter and one of your regulars, who is also a loyal customer/member, stops you for a chat, it's your duty to be courteous and give them a listening ear. You don't want to come across as rude or dismissive of them, especially if they are a regular customer. You must, however, also be attentive to your surroundings and the needs of other customers.
During a conversation, you must keep an eye on the other customers who are waiting in line or who may have a question. Take the time to listen to your customer, but remain aware of your surroundings. Maintain eye contact with the customer who is talking to you while also keeping an eye on the other customers in line.
If you notice that the other customer needs assistance, such as if they are raising their hand, looking around, or seeming agitated, you should politely interrupt the conversation and assist them. You can tell the customer that you are eager to help them but that you need to address the needs of the other customer first. They will understand and appreciate the honesty and effort.
In conclusion, it's critical to maintain a balance between showing concern for regular customers and being attentive to the needs of other customers. Being courteous and attentive to your customers is critical in the bakery business, as it can make or break your reputation and business.
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Case Study
Balance Sheet of XYZ Ltd as on 31‐Mar‐2015 and 31‐Mar‐2016
31.03.15 31.03.16 31.03.15 31.03.16
Liabilities Rs Rs. Assets Rs. Rs.
Share Capital 14,40,000 19,20,000 Fixed Assets 38,40,000 45,60,000
Capital Reserve --- 48,000 Less: Depreciation (11,04,000) (13,92,000)
General Reserve 8,16,000 9,60,000 27,36,000 31,68,000
Profit & Loss Account 2,88,000 3,60,000 Investments 4,80,000 3,84,000
9% Debenture 9,60,000 6,72,000 Cash 4,000 ___
Sundry Creditors & Bills Payable 5,76,000 6,24,000 Sundry Debtors
12,00,000 14,00,000
Proposed Dividend 1,44,000 1,72,800 Stock 1,40,000 1,84,000
Provision for Tax 4,32,000 4,08,000 Preliminary Expenses 96,000 48,000
Unclaimed Dividend ___ 19,200
46,56,000 51,84,000 46,56,000 51,84,000
Additional Information
1. During the year 2015 ‐ 2016, Fixed Assets with a book value of Rs 2,40,000 (accumulated depreciation Rs 84,000) was sold for Rs 1,20,000
2. Provided Rs 4,20,000 as depreciation on Fixed Assets
3. Some investments are sold at a profit of Rs 48,000 and the Profit was credited to Capital Reserve
4. It was decided that stocks be valued at cost, whereas previously the practice was to value stock at cost less 10 percent. The stock was Rs 2,59,200 as on 31.03.2015. The stock as at 31.03.16 was correctly valued at Rs 3,60,000
5. It was decided to write off Fixed Assets costing Rs 60,000 on which depreciation amounting to Rs 48,000 has been provided.
6. Debentures are redeemed at Rs 105
The net cash flow from operating activities for the year 2015-2016 is Rs. -25,08,000.
How to calculate the bet cash flowNet Profit for the year 2015-2016:
= Profit & Loss Account (31.03.16) - Profit & Loss Account (31.03.15)
= Rs. 3,60,000 - Rs. 2,88,000
= Rs. 72,000
Depreciation for the year 2015-2016:
= Depreciation (31.03.16) - Depreciation (31.03.15)
= Rs. 13,92,000 - Rs. 11,04,000
= Rs. 2,88,000
Gain on sale of Fixed Assets = Sale value - Book value
Book value = Book value (31.03.15) - Depreciation (31.03.15)
= Rs. 38,40,000 - Rs. 11,04,000
= Rs. 27,36,000
Sale value = Rs. 1,20,000
Gain on sale = Rs. 1,20,000 - Rs. 27,36,000
= Rs. -26,16,000
Decrease in Sundry Debtors = Sundry Debtors (31.03.15) - Sundry Debtors (31.03.16)
= Rs. 12,00,000 - Rs. 14,00,000
= Rs. -2,00,000 (negative since it's a decrease)
Increase in Sundry Creditors and Bills Payable = Sundry Creditors & Bills Payable (31.03.16) - Sundry Creditors & Bills Payable (31.03.15)
= Rs. 6,24,000 - Rs. 5,76,000
= Rs. 48,000
Net Cash flow from Operating activities = Net Profit + Depreciation - Gain on sale of Fixed Assets + Decrease in Sundry Debtors + Increase in Sundry Creditors and Bills Payable
= Rs. 72,000 + Rs. 2,88,000 - Rs. 26,16,000 - Rs. 2,00,000 + Rs. 48,000
= Rs. -25,08,000 (negative since it's a net outflow)
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Balance Sheet of XYZ Ltd as on 31‐Mar‐2015 and 31‐Mar‐2016
31.03.15 31.03.16 31.03.15 31.03.16
Liabilities Rs Rs. Assets Rs. Rs.
Share Capital 14,40,000 19,20,000 Fixed Assets 38,40,000 45,60,000
Capital Reserve --- 48,000 Less: Depreciation (11,04,000) (13,92,000)
General Reserve 8,16,000 9,60,000 27,36,000 31,68,000
Profit & Loss Account 2,88,000 3,60,000 Investments 4,80,000 3,84,000
9% Debenture 9,60,000 6,72,000 Cash 4,000 ___
Sundry Creditors & Bills Payable 5,76,000 6,24,000 Sundry Debtors
12,00,000 14,00,000
Proposed Dividend 1,44,000 1,72,800 Stock 1,40,000 1,84,000
Provision for Tax 4,32,000 4,08,000 Preliminary Expenses 96,000 48,000
Unclaimed Dividend ___ 19,200
46,56,000 51,84,000 46,56,000 51,84,000
Additional Information
1. During the year 2015 ‐ 2016, Fixed Assets with a book value of Rs 2,40,000 (accumulated depreciation Rs 84,000) was sold for Rs 1,20,000
2. Provided Rs 4,20,000 as depreciation on Fixed Assets
3. Some investments are sold at a profit of Rs 48,000 and the Profit was credited to Capital Reserve
4. It was decided that stocks be valued at cost, whereas previously the practice was to value stock at cost less 10 percent. The stock was Rs 2,59,200 as on 31.03.2015. The stock as at 31.03.16 was correctly valued at Rs 3,60,000
5. It was decided to write off Fixed Assets costing Rs 60,000 on which depreciation amounting to Rs 48,000 has been provided.
6. Debentures are redeemed at Rs 105
calculate the net cash flow from operating activities
You deposit $1000 in a savings account that earns 2% interest per year. How much money will you have at the end of 3 years assuming compound interest (3 years of compound interest)? Round all figures to the nearest cent.
The amount of money that you will have at the end of 3 years if the interest is compounded will be $ 1, 092. 73
How to find the amount after compounding ?To calculate the amount of money you will have at the end of 3 years with compound interest, the formula is :
= Initial amount saved x ( 1 + rate ) [tex]^{number of years}[/tex]
We are given :
Initial amount = $ 1, 000
Rate = 2 %
Number of years = 3 years
The amount saved after three years is:
= 1, 000 x ( 1 + 3 % ) ³
= 1, 000 x 1. 03 ³
= $ 1, 092. 73
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Search the library and the Internet for information pertaining to the ethical violation made by an organization, past or present, and be sure not to identify the organization. See if this incident has occurred in other organizations; give 2 examples and their outcomes. (OWN WORDS)
Legitimizations that are Substantial for the Association's Activities Business ethics issues length a great many subjects inside an association's ethical rules. Straightforward moral issues in business include empowering conduct that depends on genuineness and trust, however more complicated issues include obliging variety, humane navigation, consistence, and administration that is reliable with the association's fundamental standards.
Business ethics, typically alluded to as corporate morals, is a subset of applied morals or expert morals that resolves moral or moral issues that might come up in the work environment.
It is critical to the activities of the two individuals and whole organizations and is relevant to all features of business behavior.
People, authoritative declarations, or the overall set of laws all add genuineness to these morals.
These guidelines, goals, moral convictions, and untrustworthy conduct act as an organization' core values.
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What are some key considerations when selecting a security system for a warehouse?
Warehouses can be considered the core of a business or organization because they store goods and supplies. Thus, securing the warehouse is crucial.
When selecting a security system for a warehouse, there are some key considerations that must be kept in mind, as outlined below:
1. Purpose of the security system: The primary purpose of the security system should be to detect and deter unauthorized personnel or intruders. It should also monitor the goods and people entering and leaving the warehouse to ensure that there are no theft or security breaches.
2. Level of Security Required: Different types of warehouses require different security systems depending on the type of products stored and the size of the warehouse. If the warehouse contains highly valuable or dangerous products, a high-level security system is needed. A low-level security system can be used for warehouses containing less valuable products.
3. Type of Security System Needed: The type of security system needed depends on the size of the warehouse. A smaller warehouse can be secured with a CCTV camera and alarm system. For larger warehouses, a more comprehensive security system is required that includes an access control system, intruder alarm, and CCTV cameras.
4. Integration with the existing IT infrastructure: The security system should be compatible with the existing IT infrastructure of the warehouse. This ensures that the security system does not conflict with the existing system and can easily be monitored from a central control room.
5. Cost of the security system: When selecting a security system, the cost should be considered. A comprehensive security system that includes intruder alarms, access control systems, and CCTV cameras is expensive. A cost-effective security system that provides basic security measures is the best option for small warehouses.
In conclusion, when selecting a security system for a warehouse, it is essential to consider the level of security needed, the type of security system required, and the cost of the security system. The security system must be able to integrate with the existing IT infrastructure and must serve the purpose for which it is being installed.
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Which one of the following options is incorrect? Withdrawals from the trust bank account can only be made......... Select one:
a. to pay a third party (e.g. advocate) for services rendered by the third party to the trust creditor.
O b. to pay a trust creditor.
c. to pay the auditor for auditing the trust.
d. to transfer trust money to the business bank account for services rendered by the attorney to the client.
Answer:
Option d. to transfer trust money to the business bank account for services rendered by the attorney to the client.
Explanation:
impact of ordinary shares
Answer:
Explanation:Key Takeaways. Three characteristic benefits are typically granted to owners of ordinary shares: voting rights, gains, and limited liability. Common stock, through capital gains and ordinary dividends, has proven to be a great source of returns for investors, on average and over time.
In two to three sentences, describe how making minimum payments on credit card balances Increases the total cost.
Due to the gradual buildup of interest fees, making minimum payments on credit card balances raises the overall cost.
When you just pay the minimum amount required by your credit card company, you are only reimbursing a little percentage of the balance due and leaving the sum due to continue to accrue interest.
Interest rates on credit cards are frequently high, ranging from 15% to 25% or even more. You are just covering a portion of the interest costs by making the minimum payments, and the balance that is left over continues to accrue interest each month.
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1. A Company manufactures and sells one product. The product has the following cost and revenue data:
Selling price Per Unit (AED) 70
Variable cost Per Unit (AED) 30
Total fixed expenses per month are as follows:
Expenses types AED
Advertising 327287
Rent 100,000
Heating 100,000
The company produced and sold 10,000 units during the month and had no beginning or ending inventories.
a. What is the break-even value in Dirhams?
QUESTION 2
1. A Company manufactures and sells one product. The product has the following cost and revenue data
Selling price Per Unit (AED) 88
Variable cost Per Unit (AED) 30
Total fixed expenses per month are as follows:
Expenses types AED
Advertising 372923
Rent 100,000
Heating 100,000
The company produced and sold 10,000 units during the month and had no beginning or ending inventories.
a. How many units would the company have to sell to have a profit of AED 120,000?
QUESTION 3
1. A Company manufactures and sells one product. The product has the following cost and revenue data:
Selling price Per Unit (AED) 116
Variable cost Per Unit (AED) 39
Total fixed expenses per month are as follows:
Expenses types AED
Advertising 200,000
Rent 100,000
Heating 100,000
The company produced and sold 10,000 units during the month and had no beginning or ending inventories.
a. If the sales increase by 200 units, by how much well the net operating income (profit) increase?
1. In dirhams, the break-even point is roughly 13,182.18.
2. To make a profit of AED 120,000, the company would need to sell about 11,954.93 units.
3. When sales grow by 200 units, the net operating income rises by 8,000 dirhams.
1. a. We must establish the contribution margin per unit in order to calculate the break-even amount in dirhams. The selling price per unit less the variable cost per unit is the contribution margin.
Selling price per unit minus variable cost per unit equals contribution margin per unit.
Unit contribution margin = 70 - 30
Margin of contribution per unit = 40
When the overall contribution margin meets the total fixed expenses, a break-even point is reached. Let's figure out the break-even point:
Total fixed costs divided by contribution margin per unit yields the break-even amount.
Break-even value is equal to (327287 plus 100,000 plus 100,000) / 40.
Break-even value is equal to 527,287/40.
13,182.18 dirhams are needed to break even.s
2. b. Taking into account the contribution margin per unit and fixed expenses, we can determine how many units the company would need to sell to make AED 120,000 in profit.
Profit is equal to (Contribution margin per unit * Units Sold) - Total annual fixed costs
We may find the number of units by rearranging the formula:
(Number of units) = (Profit + Total fixed expenses) / Contribution margin per unit
(Number of units) = (120,000 + 372,923 + 100,000 + 100,000) / (88 - 30)
(Number of units) = 692,923 / 58
(Number of units) = 11,954.93 units
3. c. We must take into account the contribution margin per unit to determine the increase in net operating income (profit) when sales increase by 200 units.
Net operating income growth equals contribution margin per unit * growth in units
Net operating income growth equals 40 times 200.
8,000 dirhams more in net operating income
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If stock prices go up then investors____.
If stock prices go up then investors make higher profits or gains. Strong earnings typically lead to an increase in the stock price (and vice versa).
However, the stock price of some businesses that aren't doing all that well is nonetheless skyrocketing. Investor hopes that the firm would become profitable in the future are reflected in this growing price. There are, however, no assurances that a firm will live up to the current aspirations of investors to become a high-earning corporation in the future, regardless of the stock price.
The price of a stock can also be impacted by business-specific news, such as the publishing of an earnings report, especially if the firm is posting after a weak quarter.
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If net income is $2,600 and owner withdrawals are $7,300, how much did the owner contribute (owner, capital)?
Owner, Capital
Answer:
The answer is: $4,700
Explanation:
In this question we need to use the accounting equation to solve the problem:
Accounting Equation:
Assets = Liabilities + Owner's Equity
Owner's Equity = Owner, Capital + Net Income - Owner Withdrawals
Now we solve:
Net Income is: $2,600
The owner's Withdrawals are: $7,300
Now, we can use the accounting equation to get:
Owner, Capital = Assets - Liabilities - Net income + Owner Withdrawals
However, there is no information about assets and liabilities, we can assume that they are equal to Zero(0).
Hence, Owner, capital = 0 - 0 - 2,600 + 7,300 = 4,700
= 0 - 2,600 + 7,300
= -2,600 + 7,300
= $4,700
Draw Conclusion:
The answer is: $4,700
Hope this helps!
What are some environmental advantages of building green? (Site 1)
By embracing green building practices, society can mitigate the negative environmental impacts of the construction industry and contribute to a more sustainable future.
Building green, or constructing environmentally sustainable buildings, offers several environmental advantages. Here are some key benefits:
Energy Efficiency: Green buildings are designed to minimize energy consumption through the use of energy-efficient appliances, insulation, and lighting systems. This reduces the demand for non-renewable energy sources and lowers greenhouse gas emissions, leading to a reduced carbon footprint.
Water Conservation: Green buildings employ water-saving technologies such as rainwater harvesting systems, low-flow fixtures, and efficient irrigation methods. These measures help conserve water resources and reduce the strain on local water supplies, particularly in regions prone to water scarcity.
Improved Indoor Air Quality: Green buildings prioritize indoor air quality by using low VOC (volatile organic compound) materials, proper ventilation systems, and natural daylighting. This creates healthier and more comfortable indoor environments, reducing the risk of respiratory issues and enhancing occupant well-being.
Waste Reduction and Recycling: Green building practices promote waste reduction and recycling throughout the construction process. Materials with high recycled content are preferred, and construction waste is sorted and recycled whenever possible. This reduces the amount of waste sent to landfills and promotes a more sustainable approach to resource management.
Biodiversity and Habitat Preservation: Green buildings often incorporate features that support biodiversity, such as green roofs, native landscaping, and bird-friendly design elements. These elements provide habitats for local flora and fauna, promote biodiversity, and contribute to the preservation of ecosystems.
Reduced Environmental Impact: The use of sustainable construction materials, such as recycled content materials, sustainably sourced wood, and non-toxic products, helps minimize environmental damage associated with resource extraction and manufacturing processes.
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The ways in which companies drive employee engagement and motivation may be rapidly evolving, but the recipe for creating a winning culture has always started with what?
A positive work environment fosters employee engagement, motivation, and innovation, leading to improved business results and talent retention. Continual improvement and commitment are key to maintaining a winning culture.
The ways in which companies drive employee engagement and motivation may be rapidly evolving, but the recipe for creating a winning culture has always started with the creation of a positive work environment.
Creating a positive work environment, it helps to encourage employees to share their talents, insights and ideas, and it drives creativity, teamwork and innovation. When employees are respected and treated fairly by management, they are more likely to feel invested in their job and committed to their work. A healthy and positive workplace culture is crucial for any company as it helps to drive business results and keep employees motivated and engaged.
It is important to note that maintaining a winning culture is an ongoing process that requires a commitment to continuous improvement, measurement and feedback. Companies that prioritize creating a positive work culture have a distinct advantage in terms of attracting and retaining top talent, driving innovation and achieving business success.
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Visit any nearby business of your locality and collect the information to prepare a project work report by taking the following information. 1)name and address of the firm. 2)find out whether the journal is maintained or not. 3) following the values of debit and credit. 4)the recording of business transactions in the journal
It is impossible to visit any nearby business of your locality and collect the information to prepare a project work report based on the factors given
What is a firmA common term for a company or business organization is "firm". A business is an organization involved in diverse economic endeavors, ranging from the production of goods, provision of services to trading of products.
A company usually has defined legal framework, ownership, and administration, with the main aim of earning profits or attaining specific goals. Companies can vary in their scale, spanning from petite regional enterprises to enormous global conglomerates.
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Al-Baida wants to buy a new machine with special purposes for an amount $ (1) million for the production of a product, and the economic life of the machine is (10) years, bearing in mind that there is no residual value for the machine at the end of its useful life. The company adopts the straight-line method in calculating the depreciation, and it is expected that the annual revenues from operating the machine will be 1,200,000 ID, and the annual expenses excluding taxes, (700,000 ID. If you know that the company adopts a discount rate of 12% The income tax rate is 30% for all years. Required: Calculate the following: .1. payback period. 2. Rate of accounting return on investment.
1. Payback period will be 2 years.
2. The rate of accounting return on investment for the machine is 35%.
To calculate the payback period, we need to determine the number of years it takes for the company to recover the initial investment of $1 million.
Step 1: Calculate the annual net cash flow.
Annual net cash flow = Annual revenues - Annual expenses excluding taxes
Annual net cash flow = $1,200,000 - $700,000 = $500,000
Step 2: Determine the payback period.
Payback period = Initial investment / Annual net cash flow
Payback period = $1,000,000 / $500,000
Payback period = 2 years
Therefore, the payback period for the investment in the machine is 2 years.
To calculate the rate of accounting return on investment, we need to determine the average annual net income generated by the investment.
Step 1: Calculate the average annual net income.
Average annual net income = (Annual revenues - Annual expenses excluding taxes) * (1 - Tax rate)
Average annual net income = $500,000 * (1 - 0.30)
Average annual net income = $350,000
Step 2: Calculate the rate of accounting return on investment.
Rate of accounting return on investment = Average annual net income / Initial investment * 100
Rate of accounting return on investment = $350,000 / $1,000,000 * 100
Rate of accounting return on investment = 35%
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Describe why the facility should have an inventory
list of equipment.
so people don't buy the same things again & again
to see
whats in stock
where they are displayed
how many they have
keep track of inventory
plan for restocking
know which items are running low
asset value for accounting or financial purposes.
Overall, an inventory list of equipment is a fundamental tool for facility management, providing comprehensive oversight, efficient maintenance planning, cost control, compliance adherence, emergency preparedness, and facilitating decision-making processes. It streamlines operations, enhances asset management, and contributes to the overall productivity and functionality of a facility.
Keeping Track: An inventory list helps facility managers know what equipment they have and where it is located.
Taking Care: The list helps plan when to fix or maintain equipment so it stays in good condition.
Saving Money: By knowing what equipment they have, managers can avoid buying things they don't need and spend money wisely.
Following Rules: Some facilities have rules to follow, and the inventory list helps managers keep track of important things like safety checks and paperwork.
Being Ready for Emergencies: The inventory list helps managers know which equipment is important during emergencies like fires or storms.
Planning and Buying: The inventory list helps managers decide what new equipment to buy and make a budget.
Talking to Insurance and Money People: The inventory list helps when talking to insurance or money people because it shows what equipment the facility has and how much it's worth.
provides information about the administrative and clinical machines in the facility.
gives you more control over your business' assets.
equipments inventory list provides information about the administrative and clinical machines in the facility. This information is used by the provider, supervisor, and/or accountant for future planning and tax paperwork
- Any four major manufacturing firms of Nepal.
4 major manufacturing firms in Nepal
Nepal Lever Ltd.Himalayan Snacks Pvt. Ltd.Unitech Nepal Pvt. Ltd.Gorkha Brewery Pvt. Ltd.Nepal Lever Ltd. has 3 divisions homecare, Beauty and personal care and has a long history going back to the 1950s, it has FnR that aims for consistent, competitive, profitable and responsible growth.
Himalayan Snacks Pvt. Ltd. was established in 1900 and deals in supplying and trading noodles, foodstuffs, etc. The supplier company is located in Kathmandu, Bagmati.
Unitech Nepal Pvt. Ltd. offers a variety of products and services, some of which are software development, e-web development, mobile application development, digital marketing and IT consulting.
Gorkha Brewery Pvt. Ltd. deals with the production and distribution of alcoholic beverages and was established in 1989 in Kathmandu, Nepal.
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B C x-Coordinate 57 y-Coordinate 5 Hamilton 97 85 65 6 Kingsport 7 Chicago 35 130 8 Pittsburgh 90 110 9 New York 126 130 10 Atlanta 70 50 11 12 Center of Gravity 13 14 Use the area to the right to draw a scatter diagram. 15 1 2 ~34 A Center of Gravity Name D Volume 400 300 300 100 400 100 E Taylor Paper Products is a producer of paper stock used in newspapers and magazines. Taylor's demand is relatively constant, and thus can be forecast rather accurately. The company's two factories are located in Hamilton, Ohio, and Kingsport, Tennessee. The company distributes paper stock to four major markets: Chicago, Pittsburgh, New York, and Atlanta. The board of directors has authorized the construction of an intermediate warehouse to service those markets. Coordinates for the factories and markets as well as the amounts produced and demanded have been collected in the Microsoft Excel Online file below. Use the following equations to compute the coordinates of the center of gravity: C₂ = ΣXW₁/W G-ΣΥN/ΣΜ where C₂ = x coordinate of the center of gravity Cy = y coordinate of the center of gravity X₁ x coordinate location / Y = y coordinate of location / W₁ = volume of goods or services moved to or from location i Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet Questions 1. What are the x and y coordinates of the Center of Gravity? Round your answers to two decimal places. C₂: 74.29 Cy: 96.47 X
The x coordinate of the Center of Gravity (C₂) is approximately 14.25, and the y coordinate (Cy) is approximately 36.69.
To find the x and y coordinates of the Center of Gravity (COG) using the given data, we need to calculate the weighted averages of the x and y coordinates.
First, we calculate the weighted sum of the x coordinates (ΣXW₁):
ΣXW₁ = (57 * 400) + (85 * 300) + (65 * 300) + (6 * 100) + (97 * 400) + (35 * 100) = 22800
Next, we calculate the total volume of goods moved (ΣW₁):
ΣW₁ = 400 + 300 + 300 + 100 + 400 + 100 = 1600
Using the formula for the x coordinate of the COG (C₂):
C₂ = ΣXW₁ / ΣW₁ = 22800 / 1600 = 14.25
Similarly, we calculate the weighted sum of the y coordinates (ΣYW₁):
ΣYW₁ = (5 * 400) + (130 * 300) + (130 * 300) + (50 * 100) + (85 * 400) + (130 * 100) = 58700
Using the formula for the y coordinate of the COG (Cy):
Cy = ΣYW₁ / ΣW₁ = 58700 / 1600 = 36.69
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STEP 1 1. Explain the five basic costs curves that SEGAO Bricks will experience. ert MC =MR
The five basic cost curves that SEGAO Bricks will experience are:
1. Total Cost (TC) Curve: The total cost curve represents the relationship between the total cost of production and the quantity of output produced. It shows how the total cost changes as the level of production changes.
2. Marginal Cost (MC) Curve: The marginal cost curve represents the additional cost incurred by producing one more unit of output. It shows how the cost of producing each additional unit changes as the quantity of output increases. The marginal cost curve is derived from the change in total cost divided by the change in quantity.
3. Average Total Cost (ATC) Curve: The average total cost curve represents the average cost per unit of output. It is calculated by dividing the total cost by the quantity of output. The average total cost curve shows how the average cost changes as the level of production increases.
4. Average Variable Cost (AVC) Curve: The average variable cost curve represents the variable cost per unit of output. It is calculated by dividing the variable cost by the quantity of output. The average variable cost curve shows how the variable cost per unit changes as the level of production increases.
5. Average Fixed Cost (AFC) Curve: The average fixed cost curve represents the fixed cost per unit of output. It is calculated by dividing the fixed cost by the quantity of output. The average fixed cost curve shows how the fixed cost per unit changes as the level of production increases.
The equation MC = MR represents the condition for profit maximization in a perfectly competitive market. It states that a firm should produce at the quantity where the marginal cost (MC) equals the marginal revenue (MR). This ensures that the firm is maximizing its profit by producing the optimal quantity of output at which the additional revenue generated by producing one more unit (MR) is equal to the additional cost incurred (MC).
Question 1. A firm produces a product that sells for $150 per unit. Variable cost per unit is $67 and fixed
cost per period is $35,500. The firm's maximum capacity of production per period is 1,000 units.
a) Develop an algebraic statement for the revenue function, cost function, and profit function.
b) Determine the number of units required to be sold to break even.
c) Compute the break-even point as a percent of capacity.
d) Compute the break-even point in sales dollars.
The revenue function (R) shows the total amount of money made from the sale of a specific number of units. It is computed by dividing the total number of sold units by the selling price per unit. R = $150 * Selling Price per Unit * Number of Sold Units Q P = R - C , P = ($150 * Q) - ($67 * Q + $35,500), P = $83 * Q - $35,500
A calculation or equation that describes how certain sources of revenue will behave on a graph.
The most typical revenue function, for instance, is given by the equation y = bx, where y represents total revenue, b represents the selling price per unit of sales, and x represents the quantity of units sold.
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U.S. Treasury issues three types of Treasury securities: Treasury bills (T-bills), Treasury notes (T-notes), and Treasury bonds (T-bonds). The time to maturity (TTM) of T-bills is 12-month or less than 12-month. The TTM of T-notes is between 1 year and 10 years. The TTM of T-bonds is longer than 10 years. Which one(s) (T-bills, T-notes, or T-bonds) belong to the money market instrument(s)? Which one(s) belong to the capital market instrument(s)? If you would like to buy Treasury securities, which one(s) would you purchase? Explain why?
Answer:
Treasury bills (T-bills) are short-term money market instruments issued by the government to raise short-term funds. They are issued for terms of less than a year and are sold at a discount from their face value. T-bills have maturities of 4, 8, 13, 26, and 52 weeks. Therefore, T-bills belong to the money market instrument(s).
Treasury notes (T-notes) are issued with maturities from two to 10 years and pay interest semi-annually. Therefore, T-notes belong to the capital market instrument(s).
Treasury bonds (T-bonds) are long-term investments that have maturities of 10 to 30 years and also pay interest semi-annually. Therefore, T-bonds belong to the capital market instrument(s).
If you would like to buy Treasury securities, it depends on your investment goals. If you want a short-term investment with low risk and low return, you can consider buying T-bills. If you want a medium-term investment with moderate risk and moderate return, you can consider buying T-notes. If you want a long-term investment with high risk and high return, you can consider buying T-bonds.
Explanation:
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Explain two advantages to TGH of segmenting the market for sport shoes
Which of these is an example of a monopoly? Utility companies Soda companies Airlines Computer companies
Utilities firms are one example of a monopoly among the possibilities given. When they are the exclusive provider of these necessary services in a certain region, utility firms, such as those that provide electricity, water, or natural gas, frequently act as Monopoly. As a result, customers are virtually forced to adopt the services offered by the local utility company since they have no other alternatives.
The Landlord's Game, which was developed by Lizzie Magie in the United States in 1903 to advance Henry George's economic theories, particularly his views on taxation, and to show that an economy that rewards Utilities individuals is preferable to one in which monopolies hold all the wealth, is the source of Monopoly.
The Landlord's Game originally featured two sets of rules, one that included taxes and another that serves as the foundation for the present regulations.
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When translated into a network a work package will become ?
Answer:When translated into a network, a work package will typically become a node or a task in the project network. In project management, a network diagram, such as a Gantt chart or a PERT chart, is used to visually represent the sequence and dependencies of tasks in a project. Each work package, which represents a specific deliverable or a defined scope of work, is represented as a node or a task in the network. The network diagram helps to illustrate the flow and relationships between the work packages and facilitates the scheduling and coordination of the project activities.
Explanation:
True or false many small businesses fail every year
Answer:false
Explanation:
N 1: BUSINESS SECTORS Complete the table by referring to the companies/ profession and classify each under the correct business sector. Khulamini farming, Makwakwa Attorneys. Cape Timber & Mo Shoprite, Anglo platinum, Eskom. Thanda Construction (Pty) L PRIMARY SECTOR SECONDARY SECTOR TERTIARY SEC Advise businesses on the purpose (importance) of the private sector
Makwakwa Attorneys SECONDARY
Cape Timber & Mo SECONDARY
Shoprite SECONDARY
Anglo platinum SECONDARY
Eskom SECONDARY
What is the purpose and importance of the private sector?The private sector plays a crucial role in the economy by driving innovation, creating jobs and contributing to economic growth. It encompasses businesses and organizations that are privately owned and operated, rather than being under government control.
The private sector includes various industries such as agriculture, manufacturing, services, finance and more. Its purpose is to generate profit and provide goods and services to meet the demands of consumers. By operating independently, the private sector promotes competition, efficiency and entrepreneurship leading to economic development and increased prosperity.
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How many stages does the process of final accounting have?
The process of final accounting typically involves four stages.
How many stages does process of final accounting have?These stages are:
1. Recording: In this stage, financial transactions are recorded in the appropriate accounts using the double-entry bookkeeping system.
2. Adjusting: Adjusting entries are made to account for accruals, deferrals, and other adjustments necessary to ensure that the financial statements reflect the correct financial position and results of operations.
3. Summarizing: In this stage, the adjusted trial balance is prepared, and the financial statements are generated, including the income statement, balance sheet, and statement of cash flows.
4. Closing: The final stage involves closing the temporary accounts, such as revenue and expense accounts, into the retained earnings account to start the new accounting period with zero balances in those accounts.
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Which of the following does not not help describe a project network
The one that does not help describe a project network is option D. Highlights major deliverables and identifies their completion dates.
What is a project network?A project network is a graphical representation of the activities and their interdependencies in a project. It illustrates the logical flow and sequencing of activities from the beginning to the end of a project.
Project networks are often used in project management to visualize the project schedule, identify critical paths, and understand the overall project timeline. They help project managers and team members to plan, schedule, and track the progress of activities, allocate resources effectively, and manage project dependencies.
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The complete question goes thus:
Which of the following does NOT help describe a project network?
A. A graphic display of the flow and sequence of work through the project
B. Provides the basis for scheduling labor and equipment
C. Gives the times when activities can start and finish and when they can be delayed
D. Highlights major deliverables and identifies their completion dates
E. Identifies critical activities
I need to do this writing assignment for English business. Can you help me with that?
In English business writing, clarity and conciseness are important aspects that must be considered. The purpose of business writing is to effectively convey a message to a specific audience, be it clients, employees, stakeholders, or other businesses.
Business writing must be engaging, yet professional. It should be written with a clear understanding of the target audience and the intended purpose of the message. Before writing, it's essential to consider the following factors: What is the objective of the message? Who is the intended audience? What is the tone of the message? What is the call to action?
The format and tone of business writing are usually formal. It's important to avoid using jargon, complex sentences, and other technical terminologies that may not be understood by the audience. Simplicity is key when it comes to business writing. The use of active voice and short sentences will make the message clear and concise. Business writing should have a clear introduction, body, and conclusion. In the introduction, the main point of the message should be stated, followed by the body where more details about the topic are provided.
In the conclusion, the call to action should be clearly stated. The message should end with a polite and friendly tone, inviting further communication and showing appreciation for the audience's attention.
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In the month of June, Angela's Beauty Salon gave 3,500 haircuts, shampoos, and permanents at an average price of $30. During the month, fixed costs were $16,800 and variable costs were 80% of sales. Instructions (a) Prepare the Contribution Margin Income statement and determine the contribution margin in dollars, per unit, and as a ratio. (b)Using the contribution margin technique, compute the break-even point in dollars and in units.
(a) Contribution margin income statement is also known as the contribution income statement. It is a form of an income statement that emphasizes the cost-behavior information. This statement classifies costs as fixed and variable and computes a contribution margin.
The contribution margin is the difference between the sales revenue and the total variable expenses. From the contribution margin, we can deduct the fixed costs to get the net operating income.
Contribution Margin Income Statement for Angela’s Beauty Salon:Particulars Amount ($)Sales revenue1,05,000Less: Variable expenses8,400 (80% of $1,05,000)Contribution margin 96,600Less: Fixed expenses16,800Net operating income79,800Contribution margin per unit = Contribution margin / Units sold = $96,600 / 3,500= $27.60Contribution margin ratio = Contribution margin
Sales revenue = $96,600 / $1,05,000 = 92%(b) The contribution margin technique is a method to determine the break-even point. Break-even point refers to the level of sales where the total costs are equal to the total revenues. The contribution margin is the key factor to determine the break-even point.
Break-even point (in dollars) = Fixed costs / Contribution margin ratio= $16,800 / 0.92 = $18,260.87Break-even point (in units) = Fixed costs / Contribution margin per unit= $16,800 /
$27.60 = 608.70 ≈ 609 unitsSo, Angela’s Beauty Salon should sell at least 609 units at an average price of $30 to break even.
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The average price level is the vertical axis and real GDP is the horizontal axis on a
graph of
market demand and supply curves.
the consumption schedule (function).
the investment demand curve.
aggregate demand and supply tool (model).
In the aggregate demand and supply tool (model) the average price level is on the vertical axis and real GDP is on the horizontal axis of a graph.
The aggregate demand/aggregate supply model is a model that shows what determines total supply or total demand for the economy and how total demand and total supply interact at the macroeconomic level.
Aggregate supply is the total quantity of output firms will produce and sell—in other words, the real GDP.
The upward-sloping aggregate supply curve—also known as the short-run aggregate supply curve—shows the positive relationship between the price level and real GDP in the short run.
The aggregate supply curve slopes up because when the price level for outputs increases while the price level of inputs remains fixed, the opportunity for additional profits encourages more production.
Potential GDP, or full-employment GDP, is the maximum quantity that an economy can produce given full employment of its existing levels of labor, physical capital, technology, and institutions.
Aggregate demand is the amount of total spending on domestic goods and services in an economy.
The downward-sloping aggregate demand curve shows the relationship between the price level for outputs and the quantity of total spending in the economy.
So, the average price level is the vertical axis and real GDP is the horizontal axis on a graph of aggregate demand and supply tool (model).
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