Requirement 1:DateMar 1Mar 3Mar 6Mar 8Mar 12Mar 18Mar 23Mar 26Revenues and Expenses for March Impact on Revenues or Expenses Decrease revenues Increase revenues Increase expenses Decrease expenses No effect on revenues or expenses
The transactions of the Carolina Inc. are given below along with their impact on the revenues or expenses for March:Mar 1Prepaid insurance for Mar through May, $900.Pre-paid insurance is a type of current asset and does not affect the revenue or expense.Mar 3Performed service on account, $2,200.The performed service increases revenue.Mar 6Purchased office furniture on account, $1,900.Office furniture is an asset and does not affect the revenue or expense.Mar 8Paid property tax expense, $1,000.
The paid property tax decreases expense.Mar 12Purchased office equipment for cash, $1,600.Office equipment is an asset and does not affect the revenue or expense.Mar 18Performed services and received cash, $700.The performed service increases revenue.Mar 23Collected $100 on account.Collecting $100 on account increases revenue.Mar 26Paid the account payable from the March 6 transaction.Paying off the accounts payable will decrease the expense.Mar 30Paid salaries expense, $2,600.Mar 31Recorded an adjusting entry for unearned revenue now earned, $800.The adjusting entry for the unearned revenue will increase the revenue by $800.Requirement 2:The computation of the March net income (loss) under the accrual basis of accounting is as follows:ParticularsAmount($)Revenues$3,700Expenses$2,900Net Income$800Therefore, March net income under the accrual basis of accounting is $800.Requirement 3:The accrual accounting results in an accurate measurement of income because it records revenues and expenses. By doing so, it helps in matching the expenses incurred to produce that revenue by recognizing the revenue when it is earned, and the expense when it is incurred, regardless of when the cash transaction takes place.Therefore, the accrual basis accounting provides more complete reports of the company's operating performance than the cash basis accounting.
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Using only the concepts we learned in class, explain how herd immunity of vaccinations creates a market inefficiency and how the government could intervene to achieve a socially efficient outcome. Use a fully labelled graph and verbal explanation in your answer and assume that the market for vaccines is perfect competition
Herd immunity refers to the indirect protection of individuals who are not immune to a particular disease when a significant portion of the population is immunized.
In the context of vaccinations, it means that a large percentage of people are vaccinated, reducing the transmission of the disease and protecting vulnerable individuals.
In a market for vaccines characterized by perfect competition, individual consumers and suppliers make independent decisions based on their own costs and benefits. The equilibrium quantity and price are determined where the demand curve (reflecting consumers' willingness to pay for vaccinations) intersects with the supply curve (representing the costs of producing vaccines).
However, herd immunity creates a market inefficiency due to positive externalities. When individuals get vaccinated, they not only protect themselves but also contribute to the overall reduction in disease transmission, benefiting the entire community. These positive externalities are not captured in the market price of vaccines, leading to an underallocation of resources to vaccination.
To achieve a socially efficient outcome, government intervention is necessary. One approach is for the government to subsidize vaccinations, effectively reducing the cost for consumers. The subsidy can shift the demand curve upward, reflecting the additional benefits of vaccinations to society beyond individual protection. This leads to a new equilibrium with a higher quantity of vaccinations and a lower price.
for vaccine suppliers, and D represents the private demand curve of individual consumers. The equilibrium is at the intersection of S and D, resulting in a lower quantity of vaccinations than the socially optimal level.
By providing a subsidy, the government effectively shifts the demand curve upward to reflect the external benefits (represented by the combined D and the external benefit curve). The new equilibrium occurs at a higher quantity, closer to the socially optimal level, and a lower price.
Through this intervention, the government s the market inefficiency caused by herd immunity. It ensures that the benefits of vaccinations to society are properly accounted for, leading to a more socially efficient outcome.
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In 2022, Noam spent $52,786 starting a new business that manufactures anti-viral face masks. This is a new business venture for Noam. All costs were ordinary and necessary, and the business began operations on Nov. 1, 2022. What amount of the startup expenses can Noam deduct in 2022 if Noam chooses to accelerate his deductions as much as possible? X 586 Correct Answer: 2,776 Machine Inc. purchased a 100% business-use asset for $1,786,021 in 2020. The asset has a 5-year MACRS GDS recovery period and is depreciated under MACRS GDS (no SL election). The asset was placed in service on Dec. 1, 2020, and it was the only asset placed in service during 2020. Machine Inc. did not elect Section 179 expensing and elected out of Section 168(k) bonus depreciation in 2020. Machine Inc. sold the 5-year asset on April 10, 2022. What is Machine Inc.'s 2022 depreciation deduction for the 5-year asset? хо Correct Answer: 152,705
Startup expenses are the cost of starting a business, such as advertising, wages, and consultants. These are the costs of creating an active trade or business or investigating the creation or acquisition of an active trade or business, either before doing so or as a going concern.
The amount of the startup expenses that Noam can deduct in 2022 if he chooses to accelerate his deductions as much as possible is $5,000. LONG ANSWER:If Noam wishes to accelerate his startup costs, he must use the IRC Section 195 deduction. Noam can write off $5,000 of startup expenses in 2022, with the remainder amortized over 15 years.Noam can use the IRC Section 195 deduction since he started a new business. Noam is not eligible to use the election provided by IRC Section 164 because he is starting a new business.
In the case of Machine Inc. EXPLANATION:Machine Inc. has a 5-year MACRS GDS recovery period asset worth $1,786,021 and placed it in service on December 1, 2020. The asset is depreciated over five years, so the annual depreciation expense is $357,204 ($1,786,021 divided by 5 years).In 2022, Machine Inc. sells the 5-year asset. In 2022, Machine Inc. has used the asset for just two years since it was placed in service on December 1, 2020. The half-year convention is used to calculate the depreciation expense.In 2022, Machine Inc.'s depreciation deduction for the 5-year asset is $152,705. (Two-year depreciation expense multiplied by the 0.4 MACRS GDS table.)Therefore, the correct option is хо.
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Consumer behaviour studies all the activities that influence people to behave in particular ways when obtaining, consuming and disposing of products and services. Understanding the way people think, what motivates them, their decision-making processes, and post-purchase behaviour are key factors in ensuring successful marketing.
With regards to the above information identify and discuss in detail each of the factors that influence consumer behaviour.
Consumer behavior is influenced by psychological factors (perception, motivation, learning), social factors (culture, family), personal factors (age, lifestyle, personality), and situational factors (time, location, mood).
Consumer behavior is a complex process influenced by multiple factors. Understanding these factors is crucial for marketers to effectively target and influence consumers. The first set of factors are psychological factors, which include perception, motivation, and learning. Perception refers to how individuals interpret and make sense of stimuli, such as product features or advertising messages.
Motivation is the internal drive that pushes individuals towards certain behaviors or goals, and it can be influenced by needs, desires, and emotions. Learning, through experiences and interactions, shapes consumer behavior by establishing associations between stimuli and responses.
Social factors play a significant role in consumer behavior. Culture, including values, beliefs, and customs, shapes individuals' preferences and consumption patterns. Family dynamics, such as family structure, roles, and decision-making processes, influence consumer choices. Reference groups, comprising individuals or organizations that consumers compare themselves to or seek approval from, can impact purchase decisions and brand preferences.
Personal factors also influence consumer behavior. These factors include demographic characteristics (such as age, gender, income, and education), lifestyle choices, personality traits, and self-concept. Individuals' age, for example, may influence their product preferences and adoption of new technologies, while lifestyle choices reflect their interests, activities, and opinions.
Situational factors refer to the immediate circumstances surrounding a consumer's decision-making process. Time constraints, location, mood, and physical surroundings can all impact consumer behavior. For instance, a consumer may make impulsive purchases due to time pressure or be influenced by the store's atmosphere.
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Question 12 of 19 Using Supply and Demand to Analyze Markets -- End of Chapter Problem Black markets are exchanges that occur in violation of the law and government regulations. For the following scenarios, select the answer that best describes how a black market could potenially improve society's well-being a. The government imposes a binding S1 per loaf price ceiling on bread. Producers and consumers would not have to pay taxes on bread bought and sold in the black market since it cannot be traced. In a black market, people willing to pay more than I would still be able to acquire bread, resulting in allocating bread to customers who value it the most In a black market, people may pay more than $1 a loaf, resulting in a loss to consumers since they are paying more than the price ceiling dictates. 1). The government establishes a binding $20 per bushel price floor in the market for com.
Black markets can potentially improve society's well-being in certain scenarios. In the case of a binding price ceiling on bread, a black market could allocate bread to consumers who value it the most and bypass taxes. However, in the case of a binding price floor on corn, a black market would result in a loss to consumers who would end up paying more than the price floor dictates.
In the scenario of a binding price ceiling on bread, a black market can potentially improve society's well-being. Since the black market operates outside the legal framework, producers and consumers would not have to pay taxes on bread bought and sold in this market.
Additionally, the black market allows people who are willing to pay more than the price ceiling to acquire bread. This ensures that bread is allocated to customers who value it the most, which can enhance overall satisfaction and utility.
However, it is important to note that this may lead to income disparities and unequal access to bread, as those who can afford to pay more would have an advantage in acquiring the product.
On the other hand, in the case of a binding price floor on corn, a black market would result in a loss to consumers. A price floor sets a minimum price that producers must receive, which can lead to a surplus of the product if the equilibrium price is lower. In a black market, consumers may be forced to pay more than the price floor dictates in order to acquire corn.
This would result in higher costs for consumers, leading to decreased well-being as they are paying more than they would in a competitive market. Furthermore, a black market in this situation would undermine the purpose of the price floor, which is to support producers' incomes.
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Company Overview. Provide a short description of the company: The Cheesecake Factory, and its environment: the nature of its business; when established; industry type; its market segment; customer demographics that it serves; the strategic role of the facility within the company; major suppliers, major customers, etc.
Company: Cheesecake Factory
The Cheesecake Factory is a renowned restaurant chain known for its extensive menu of delicious cheesecakes and diverse American cuisine. Established in 1978, it operates in the casual dining segment of the restaurant industry. The company has positioned itself as a destination for special occasions and family gatherings, catering to a wide range of customer demographics.
The Cheesecake Factory is a well-established restaurant chain with over 200 locations across the United States. It offers a diverse menu that includes not only a variety of cheesecakes but also appetizers, salads, pasta, sandwiches, and entrees. The company aims to provide an upscale casual dining experience, combining a relaxed ambiance with upscale decor and attentive service.
The Cheesecake Factory caters to a broad market segment, serving customers of various ages and backgrounds. Its menu options cater to different dietary preferences and offer a wide range of flavors to appeal to diverse tastes. The company has become known for its large portion sizes, which often result in leftovers for customers to enjoy later.
Within the company, each Cheesecake Factory facility plays a strategic role in maintaining the brand's reputation for quality and consistency. The facilities are designed to create a welcoming atmosphere that encourages customers to linger and enjoy their dining experience. Major suppliers for the company include food distributors and manufacturers that provide the ingredients and products needed to prepare the menu items.
The Cheesecake Factory's major customers are individuals and families seeking a dining experience that combines indulgence with comfort. The company has built a loyal customer base through its commitment to high-quality food, generous portions, and attentive service.
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If a business used an effective RESPONSIBILITY ACCOUNTING SYSTEM and wanted to measure the performance of a COST CENTRE unit manager, then which of the following should be included in the performance report? Select one: O a. The business would be best to use non-financial performance measures only O b. Only those costs for which the manager has CONTROL O c. All costs incurred in that period allocated to the unit O d. All costs attributable to that unit PLUS all costs allocated to that unit
b. Only those costs for which the manager has control.
When measuring the performance of a cost center unit manager using an effective responsibility accounting system, it is important to include only those costs for which the manager has control. This allows for a fair assessment of the manager's performance based on the costs that they have the authority to influence and manage.
Including costs that are outside the manager's control would not provide an accurate reflection of their performance. By focusing on the costs that the manager can directly impact, the performance report becomes a more meaningful tool for evaluating their effectiveness in managing the resources allocated to them.
It helps in identifying areas where the manager can improve cost efficiency and make informed decisions to optimize the performance of the cost center unit.
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PURPOSE
This assignment is designed to develop learners' ability to discuss the business networking of successful entrepreneurs in Malaysia.
REQUIREMENT
Select any TWO business companies in Malaysia that you are familiar with and discuss the companies networking and how these companies are able to develop their organisation's business to a level of success and pride in the business
Company A: AirAsia
Company B: Grab
AirAsia, a leading low-cost airline in Malaysia, has successfully developed its business through extensive networking
. The company has established strategic partnerships with other airlines, travel agencies, and online booking platforms to expand its reach and offer seamless travel experiences to customers. AirAsia has also collaborated with tourism boards and hotels to promote travel destinations, enhancing its brand image and attracting more customers. The company's strong networking has enabled it to tap into new markets, negotiate favorable agreements for fuel and aircraft leasing, and create innovative ancillary revenue streams.
Grab, a prominent ride-hailing and food delivery service in Malaysia, has built a robust networking ecosystem to propel its success. The company has formed strategic partnerships with various stakeholders, including banks, e-commerce platforms, and local businesses. Through these partnerships, Grab has expanded its services to offer digital payment solutions, online shopping, and loyalty programs, providing added value to its customers. Grab has also collaborated with governments and regulatory bodies to ensure compliance and foster trust among users. This extensive networking has allowed Grab to diversify its offerings, increase market share, and gain a competitive edge in the industry.
In summary, both AirAsia and Grab have leveraged their networking capabilities to drive business success. Their strategic partnerships, collaborations, and alliances have enabled them to expand their customer base, access new markets, and diversify their services. By building strong relationships with various stakeholders, these companies have strengthened their positions in the market and achieved growth, ultimately becoming successful and respected entities in the business landscape of Malaysia.
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In March 2021, Tamara Mines Co. purchased a coal mine for $6,000,000. Removable coal is estimated at 1,500,000 tons. Tamara is required to restore the land at an estimated cost of $720,000, and the land should have a value of $630,000. The company incurred $1,500,000 of development costs preparing the mine for production. During 2021, 450,000 tons were removed, and 300,000 tons were sold. The total amount of depletion that Tamara should record for 2021 is (give the journal entry)
The accumulated depletion account should be debited by $1,350,000 when Tamara Mines Co. purchased a coal mine for $6,000,000. Removable coal is estimated at 1,500,000 tons.
Depletion expense is a significant factor in measuring the expense of natural resources. Depletion is the allocation of the cost of a natural resource over time. According to this concept, the amount of resources mined or extracted during a specific accounting period is multiplied by the cost of the reserve to arrive at the depletion expense for that period.
Journal Entry: To record depletion expense in 2021, the following journal entry should be recorded:
Dr. Depletion Expense- $1,350,000Cr.
Accumulated Depletion- $1,350,000 ($6,000,000 - $720,000)/1,500,000 tons = $3.52 per ton.$3.52 x 450,000 tons = $1,584,000 depletion expense in 2021. The company should record $1,350,000 of depletion expense in 2021 since only 450,000 tons were mined in the year, and 300,000 tons were sold.
($1,350,000/$3.52) x 450,000 tons = 164,136 tons depleted in 2021.
The cost of each ton depleted is ($6,000,000 - $720,000) / 1,500,000 = $3.52.
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Put yourself in the place of an equity mutual fund manager. Think of all the stocks you might select for inclusion in the portfolio.How would emotions enhance your decision-making process?
Q2: You are considering managing your own money rather than trusting in an investment advisor. Some argue that emotional intelligence may be just as important as investment knowledge. Do you agree? Discuss
As an equity mutual fund manager, the emotions that I would consider include fear and greed. In the stock market, these emotions play a significant role in the decision-making process. However, it is crucial to ensure that emotions do not overpower rationality when making investment decisions.
For example, fear can result in a sell-off of stocks, causing losses to the investor. On the other hand, greed may lead to the selection of stocks that may seem lucrative, but may not be suitable for the portfolio's long-term goals. Therefore, it is essential to remain disciplined and maintain a balance between emotions and logic to make informed decisions. Emotions can be beneficial in identifying opportunities that may be overlooked by others. It can help to identify companies that have potential for growth, and investments can be made before their stock prices start rising. However, this process should be based on sound research and analysis, rather than emotional impulses. Emotions can enhance the decision-making process of equity mutual fund managers, but it should be backed by logic, analysis, and disciplined thinking.
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Melinda worked for 240 hours during the month of Jan 2010. Her normal working month consists of 200 hours (Monday - Friday), of which 10% of the hours were non-productive idle time. Out of 40 hours overtime worked, 24 were worked for housekeeping purpose (of which 10 hours were worked on a Saturday) and 16 hours were worked to complete the production requirement to fulfil the customer's request. The human resource department has the following scheme for overtime worked: 25 % premium if overtime worked on any weekdays 50% premium if overtime worked on any weekend. Melinda's normal wage rate is RM 50 per hour. Required: calculate the total wages, the amount to be treated as manufacturing overhead, direct labor cost and the records.
To calculate the total wages, amount to be treated as manufacturing overhead, direct labor cost, and the records for Melinda, let's break down the information given:
Regular Working Hours:
Normal working month: 200 hours
10% of regular working hours are non-productive idle time: 200 hours * 10% = 20 hours
Productive regular working hours = Regular working hours - Non-productive idle time
Productive regular working hours = 200 hours - 20 hours = 180 hours
Overtime Hours:
Housekeeping overtime hours: 24 hours (10 hours on Saturday, 14 hours on weekdays)
Production fulfillment overtime hours: 16 hours
Wage Rates and Premiums:
Normal wage rate: RM 50 per hour
Overtime premium for weekdays: 25% additional wage
Overtime premium for weekends: 50% additional wage
Now, let's calculate the various components:
Regular Wages:
Regular wages = Productive regular working hours * Normal wage rate
Regular wages = 180 hours * RM 50/hour = RM 9,000
Overtime Wages:
Housekeeping overtime wages = Housekeeping overtime hours * Normal wage rate * Overtime premium for weekdays
Housekeeping overtime wages = (24 hours - 10 hours on Saturday) * RM 50/hour * 25%
Housekeeping overtime wages = 14 hours * RM 50/hour * 0.25 = RM 175
Production fulfillment overtime wages = Production fulfillment overtime hours * Normal wage rate * Overtime premium for weekdays
Production fulfillment overtime wages = 16 hours * RM 50/hour * 25% = RM 200
Total Overtime Wages:
Total overtime wages = Housekeeping overtime wages + Production fulfillment overtime wages
Total overtime wages = RM 175 + RM 200 = RM 375
Total Wages:
Total wages = Regular wages + Total overtime wages
Total wages = RM 9,000 + RM 375 = RM 9,375
Amount Treated as Manufacturing Overhead:
Amount treated as manufacturing overhead = Housekeeping overtime wages
Amount treated as manufacturing overhead = RM 175
Direct Labor Cost:
Direct labor cost = Regular wages + Production fulfillment overtime wages
Direct labor cost = RM 9,000 + RM 200 = RM 9,200
Records:
Regular working hours: 200 hours
Non-productive idle time: 20 hours
Productive regular working hours: 180 hours
Housekeeping overtime hours: 24 hours (10 hours on Saturday, 14 hours on weekdays)
Production fulfillment overtime hours: 16 hours
Regular wage rate: RM 50 per hour
Overtime premium for weekdays: 25%
Overtime premium for weekends: 50%
Regular wages: RM 9,000
Housekeeping overtime wages: RM 175
Production fulfillment overtime wages: RM 200
Total overtime wages: RM 375
Total wages: RM 9,375
Amount treated as manufacturing overhead: RM 175
Direct labor cost: RM 9,200
These calculations and records reflect the wages, overhead, and direct labor costs for Melinda based on the provided information.
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Metatrend's stock will generate earnings of $5 per share this year. The discount rate for the stock is 10%, and the rate of return on reinvested earnings also is 10%.
a. Find both the growth rate of dividends and the price of the stock if the company reinvests the following fraction of its earnings in the firm: (i) 0%; (ii) 30%; (iii) 40%.
b. Redo part (a) now assuming that the rate of return on reinvested earnings is 15%, what is the present value of growth opportunities (PVGO) for each reinvestment rate?
a. The growth rate of dividends and the price of Metatrend's stock can be calculated using the Gordon Growth Model. The Gordon Growth Model formula is: Dividends per share = Earnings per share × Dividend Payout Ratio.
(i) If the reinvestment rate is 0%, the dividend payout ratio is 1, and the growth rate of dividends will be 0%. The price of the stock can be calculated by dividing the earnings per share by the discount rate: Stock price = Earnings per share / Discount rate.
(ii) If the reinvestment rate is 30%, the dividend payout ratio is 0.7, and the growth rate of dividends will be 3% (calculated as 0.7 × 10%). The stock price can be calculated using the Gordon Growth Model.
(iii) If the reinvestment rate is 40%, the dividend payout ratio is 0.6, and the growth rate of dividends will be 4% (calculated as 0.6 × 10%). The stock price can be calculated using the Gordon Growth Model.
b. Assuming a rate of return on reinvested earnings of 15%, the present value of growth opportunities (PVGO) can be calculated as the difference between the stock price with reinvestment and the stock price without reinvestment.
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andice never looks at her bank statements; she just throws them in a drawer, because she knows she has plenty of money in the bank to cover any checks she writes. One day, Candice receives a notice that she has bounced a check. Candice talks to the bank representative, and together, they discover that for the past seven months, someone has been forging checks on Candice's account. All together, the checks total $4,273. In the last month alone, there were three forged checks totaling $1,000. Because Candice has now reported these unauthorized checks to the bank, the bank will be responsible for reimbursing Candice:
a. nothing.
b. $1,000.00.
c. $50.
d. $4,273.00.
The bank will be responsible for reimbursing Candice: b. $1,000.00.
Candice, who never checked her bank statements, discovered that unauthorized checks had been forged on her account for the past seven months, totaling $4,273. However, because she promptly reported the unauthorized checks to the bank, they will be responsible for reimbursing her. In the last month alone, there were three forged checks amounting to $1,000. The bank is liable for the amount of the unauthorized checks, which in this case is $1,000. Candice's timely action in reporting the fraudulent activity ensures that she will be compensated for the unauthorized transactions.
The bank's responsibility for reimbursing Candice arises from their duty to protect their customers' accounts and prevent unauthorized transactions. By promptly notifying the bank of the forged checks, Candice acted responsibly and fulfilled her obligation as an account holder. As a result, she is entitled to be reimbursed for the amount of the unauthorized checks, which in this case is $1,000.
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You have the opportunity to purchase a 16-year, $1,000 par value bond that has an annual coupon rate of 9%. If you require a YTM of 7.1%, how much is the bond worth to you? The price of the bond is $. (Round to the nearest cent.)
The content loaded has been mentioned in your question. Here's the solution to your query: According to the solving The price of the bond is $1,310.08 (rounded to the nearest cent).
To find out the price of the bond, we have to use the formula for bond pricing.
The bond pricing formula is:
P[tex]= C * (1 - (1 + r)^{-n} / r + FV * (1 + r)^{-n}[/tex]
Where,
P = price of bond
C = coupon payment
r = required rate of return
n = number of periods
FV = face value of the bond
From the question,
Given,
C = $90 (Since, the annual coupon payment is $1,000 x 9% = $90)
FV = $1,000
n = 16 years
r = 7.1%
Using the above formula:
P = $90 * (1 - (1 + 0.071)⁻¹⁶) / 0.071 + $1,000 * (1 + 0.071)⁻¹⁶
= $1,310.08
The price of the bond is $1,310.08 (rounded to the nearest cent). Therefore, this is the required solution.
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Which marketing philosophy focuses more on the manufacturer and not the customer? a) Production orientation b) Demand Orientation c) Market Orientation d) Societal Marketing Orientation
The correct option is (a). The production orientation marketing philosophy focuses more on the manufacturer and not the customer.
Production orientation marketing philosophy focuses more on the manufacturer and not the customer. In this marketing philosophy, the manufacturer believes that the customers prefer products that are widely available and inexpensive. This means that the manufacturer focuses on achieving high production efficiency at a low cost. This can sometimes lead to a lack of variety, as the manufacturer is focused on producing a few popular products in large quantities rather than offering a wide range of products.
The other marketing philosophies such as demand orientation, market orientation, and societal marketing orientation put more emphasis on the customer's needs and preferences. Demand orientation focuses on creating products that meet the specific demands of the customer, while market orientation focuses on identifying the needs and wants of the customer and delivering products that satisfy them. Societal marketing orientation, on the other hand, focuses on creating products that not only meet the customer's needs but also benefit the society and environment.
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[The following information applies to the questions displayed below.] The following events apply to Gulf Seafood for the Year 1 fiscal year Required a. Record the above transactions in a horizontal statements model (In the Statement of Cash Flows column, use the initials (OA), an Investing activity (IA), a financing activity (FA) and net change in cash (NC). Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input.) Event 1 2 1. The company started when it acquired $18,000 cash by issuing common stock 2. Purchased a new cooktop that cost $16,500 cash 3. Earned $23,900 in cash revenue. 4. Paid $12,200 cash for salaries expense. 5. Adjusted the records to reflect the use of the cooktop. Purchased on January 1. Year 1, the cooktop has an expected useful life of four years and an estimated salvage value of $2.500. Use straight-line depreciation. The adjustment was made as of December 31, Year 1 3 4 5 Bal Cash Assets . 1.1 4 + ++ 0. Balance Sheet Equipment (BV) 0 W # GULF SEAFOOD Horizontal Statements Model Stockholder's Equity Common Stock + + + Retained Earnings Revenue 8 Income Statement Expense 0 Net Income Statement of Cash Flows Required information [The following information applies to the questions displayed below] The following events apply to Gulf Seafood for the Year 1 fiscal year: 1. The company started when it acquired $18,000 cash by issuing common stock. 2. Purchased a new cooktop that cost $16.500 cash. 3. Earned $23,900 in cash revenue. 4. Paid $12.200 cash for salaries expense. 5. Adjusted the records to reflect the use of the cooktop. Purchased on January 1, Year 1, the cooktop has an expected useful life of four years and an estimated salvage value of $2.500. Use straight-line depreciation. The adjustment was made as of December 31, Year 1. b. What amount of depreciation expense would Gulf Seafood report on the Year 1 Income statement? Depreciation expense 0 Required information [The following information applies to the questions displayed below] The following events apply to Gulf Seafood for the Year 1 fiscal year 1. The company started when it acquired $18,000 cash by issuing common stock. 2. Purchased a new cooktop that cost $16,500 cash. 3. Earned $23,900 in cash revenue. 4. Paid $12,200 cash for salaries expense. 5. Adjusted the records to reflect the use of the cooktop. Purchased on January 1, Year 1, the cooktop has an expected useful life of four years and an estimated salvage value of $2,500. Use straight-line depreciation. The adjustment was made as of December 31, Year 1. c. What amount of accumulated depreciation would Gulf Seafood report on the December 31, Year 2, balance sheet? Accumulated depreciation Required information [The following information applies to the questions displayed below] The following events apply to Gulf Seafood for the Year 1 fiscal year Saved 1. The company started when it acquired $18,000 cash by issuing common stock. 2. Purchased a new cooktop that cost $16,500 cash. 3. Earned $23,900 in cash revenue. 4. Paid $12,200 cash for salaries expense. 5. Adjusted the records to reflect the use of the cooktop. Purchased on January 1, Year 1, the cooktop has an expected useful life of four years and an estimated salvage value of $2,500. Use straight-line depreciation. The adjustment was made as of December 31, Year 1 d. Would the cash flow from operating activities be affected by depreciation in Year 1? O Yes O No
The transactions can be recorded using the following table format: Bal Cash Assets. 1.1 4 +18,000 +16,500 +23,900 -12,200 0 Balance Sheet Equipment (BV) 0 -16,500 OA -16,500 W # GULF SEAFOOD .
What are the rest?Horizontal Statements Model Stockholder's Equity Common Stock +18,000 - + + Retained Earnings +7,700 - +23,900 -12,200 0 Revenue 8 Income Statement Expense Salaries - -12,200 +12,200 - Depreciation - -4,125 +4,125 - Net Income +7,700 +8,975 Statement of Cash Flows OA 18,000 -16,500 +23,900 -12,200 +13,200b) .
In Year 1, Gulf Seafood would report $4,125 of depreciation expense on its income statement. This can be calculated using straight-line depreciation as follows:Depreciation expense = (Cost – Salvage value) / Useful life= ($16,500 – $2,500) / 4= $4,000 / year, Depreciation expense for Year 1 = $4,000 x 1 year = $4,000c)
On the December 31, Year 2, balance sheet, Gulf Seafood would report an accumulated depreciation of $4,125. This is because the company uses straight-line depreciation, which means it would depreciate the cooktop by $4,000 each year for four years.
Since the cooktop was purchased on January 1, Year 1, the accumulated depreciation at December 31, Year 2, would be $4,125 ($4,000 x 1 year + $125).d) Yes, the cash flow from operating activities would be affected by depreciation in Year 1. Depreciation is a non-cash expense that reduces net income but does not involve an outflow of cash.
This would increase the cash flow from operating activities, which is calculated by adding back non-cash expenses like depreciation to net income.
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When are certain discriminatory employment qualifications permitted by law?
a.
never
b.
when it’s reverse discrimination
c.
when employees are on a probationary period
d.
when they are bona fide occupational qualifications
The correct answer is option d. BFOQs are specific job requirements that may involve discriminatory factors such as age, gender, or religion, but are necessary for the performance of a particular job.
However, it's important to note that the use of BFOQs is highly regulated and subject to strict scrutiny to ensure that they are genuinely essential to the job and do not unjustly exclude individuals based on protected characteristics.
It is worth mentioning that BFOQs are limited in scope and are only allowed in certain situations. The general principle of non-discrimination in employment holds that individuals should not be denied employment opportunities or treated unfairly based on protected characteristics such as race, color, national origin, sex, religion, disability, or age (in certain circumstances).
These protected characteristics are safeguarded by various anti-discrimination laws, such as the Civil Rights Act of 1964 in the United States.
While BFOQs provide a narrow exception to the general rule of non-discrimination, they are only permissible if it can be proven that the discriminatory qualification is directly related to the ability to perform the job safely and efficiently. Employers must demonstrate that the qualification is reasonably necessary for the normal operation of the particular business or enterprise.
It's essential for employers to consult legal experts or employment law resources specific to their jurisdiction to ensure compliance with anti-discrimination laws and to understand the criteria and limitations regarding BFOQs.
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QUESTION 1 For the following demand function, calculate the inverse demand function: Q(P)=54,000-100P OP(Q)=54,000- Q OP(Q)=540-0.010 P(Q)=540-0.01P OP(Q)=54,000 -0.010 None of the above
The demand function is given by Q(P) = 54,000 - 100P.
To find the inverse demand function, we need to solve for P in terms of Q.Let us start by setting the demand function equal to Q: Q = 54,000 - 100P
Next, we will solve for P by rearranging the equation:
Q - 54,000 = -100P- (Q - 54,000)/(-100) = P
Finally, we can write the inverse demand function as a function of Q:
P(Q) = (Q - 54,000)/(-100) + 540
The demand function is an equation that relates the quantity demanded of a product to the price of that product. In this question, we are given a demand function:
Q(P) = 54,000 - 100P and we are asked to find the inverse demand function.
To find the inverse demand function, we need to solve for P in terms of Q. This can be done by setting the demand function equal to Q and then rearranging the equation to solve for P. Once we have P in terms of Q, we can write the inverse demand function as a function of Q. The steps to find the inverse demand function are as follows:
1. Start with the demand function Q(P) = 54,000 - 100P.
2. Set the demand function equal to Q:
Q = 54,000 - 100P.
3. Solve for P by rearranging the equation: Q - 54,000 = -100P.
4. Divide both sides of the equation by -100 to get P by itself:
(Q - 54,000)/(-100) = P.
5. Finally, write the inverse demand function as a function of Q:
P(Q) = (Q - 54,000)/(-100) + 540.
Hence the inverse demand function for the given demand function Q(P) = 54,000 - 100P is P(Q) = (Q - 54,000)/(-100) + 540.
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Using urgent or priority as the subject line for an email message ensures that the receiver will open the message immediately.
TRUE
FALSE
Using urgent or priority as the subject line for an email message ensures that the receiver will open the message immediately is TRUE.
When it comes to Email messaging, you will find that most people have their inboxes flooded with emails from various sources. That being said, email marketers who want to catch the attention of their recipients should use the words ‘Urgent’ or ‘Priority’ to draw the attention of the recipient.In 200 words or less, the term "priority" when used in an email message subject line should indicate that there is an action required. It could also indicate that the email message is an important communication that should be read and acknowledged immediately.
Prioritizing the subject line as 'Priority' or 'Urgent' in an email message is an effective way of making sure that the recipient pays attention and opens the email message immediately. Additionally, such emails are more likely to be answered as well. This is particularly important if the message is related to a time-sensitive issue, where a delay in communication could lead to significant consequences.
The concept of using priority email messaging is not new. It's been utilized for years by marketers to make sure that their emails get noticed and responded to in a timely manner. As a result, more people have learned to respond to emails that are urgent or marked as high priority. However, it's important to use this type of messaging sparingly so that people don't get desensitized to it over time.
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A code of conduct is critical for organizational success and sustainability. A properly functioning code of conduct is essential for the development and maintenance of an ethical corporate culture.
Required:
a. Briefly explain two (2) ways to monitor compliance with the code of conduct in a corporation. (2 marks)
b. Outline any three (3) benefits a company can gain from ethical CSR initiatives. (3 marks)
c. Corporate Social Responsibility (CSR) disclosure enhance decision-making process of shareholders. Explain the importance of being transparent in disclosing CSR report. (3 marks)
Monitoring compliance with a code of conduct in a corporation is essential for maintaining an ethical corporate culture. Two ways to monitor compliance include conducting regular internal audits and establishing reporting mechanisms for employees to report violations. Ethical CSR initiatives offer several benefits to companies, including enhanced reputation, increased customer loyalty, and improved employee engagement. Corporate Social Responsibility (CSR) disclosure enhances shareholder decision-making by providing them with transparent information about a company's social and environmental performance, allowing them to make informed investment decisions and hold companies accountable for their actions.
a. Two ways to monitor compliance with the code of conduct in a corporation are:
Internal Audits: Regular internal audits can be conducted to assess compliance with the code of conduct. These audits can identify any gaps or areas of non-compliance, allowing the organization to take corrective actions and ensure adherence to ethical standards. Internal auditors can review processes, procedures, and employee behavior to ensure they align with the code of conduct.
Reporting Mechanisms: Establishing reporting mechanisms such as anonymous hotlines or whistleblower policies encourages employees to report any violations of the code of conduct. This provides a platform for employees to raise concerns without fear of retaliation. By encouraging reporting and promptly addressing complaints, companies can identify potential compliance issues and take appropriate action to rectify them.
b. Three benefits that a company can gain from ethical Corporate Social Responsibility (CSR) initiatives are:
Enhanced Reputation: Engaging in ethical CSR initiatives helps build a positive reputation for the company, showing stakeholders that the organization is committed to social and environmental responsibility. This can attract customers, investors, and employees who value ethical practices, leading to increased trust and loyalty.
Increased Customer Loyalty: Ethical CSR initiatives, such as sustainable sourcing or philanthropic activities, resonate with socially conscious consumers. When customers see that a company is committed to making a positive impact, they are more likely to choose and remain loyal to that brand.
Improved Employee Engagement: Ethical CSR initiatives contribute to a sense of purpose and engagement among employees. When employees see that their company is actively working towards social and environmental goals, they feel proud to be part of the organization and are more motivated to contribute to its success.
c. The transparency in disclosing CSR reports is important as it enhances the decision-making process of shareholders. When companies provide transparent CSR reports, shareholders gain insight into the company's social and environmental practices, impacts, and risks.
This information allows shareholders to make informed investment decisions based on their own values and sustainability criteria. Transparent CSR disclosure enables shareholders to evaluate the company's long-term sustainability and ethical performance, contributing to more responsible investing.
Moreover, transparent CSR reporting fosters accountability and trust between the company and its shareholders. It demonstrates the company's commitment to transparency, integrity, and good governance. Shareholders can assess the company's alignment with their own values and assess potential risks or controversies related to social and environmental issues.
By being transparent in CSR disclosure, companies can build stronger relationships with shareholders, attract socially responsible investors, and mitigate reputational and financial risks associated with non-disclosure or unethical practices.
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Erna Manufacturing has 8 million shares of common stock outstanding. The current share price is $73, and the book value per share is $7. Erna Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $85 million, has a 7 percent coupon, and sells for 97 percent of par. The second issue has a face value of $50 million, has an 8 percent coupon, and sells for 108 percent of par. The first issues matures in 21 years, the second in 6 years. Suppose the most recent dividend was $4.10 and the dividend growth rate is 6 percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 35 percent. What is the company's WACC?
WACC: WACC is the weighted average cost of capital, which represents the average cost of capital of the company's debt and equity. WACC is computed by multiplying the cost of each capital component by its proportional weight and then adding the products.
Erna Manufacturing's WACC is calculated as follows:WACC = (E/V x Re) + ((D/V x Rd) x (1 - Tc))Where,V = Total value of the companyD = Total debtE = Total equityRe = Cost of equityRd = Cost of debtTc = Tax rateE = 8,000,000 x $73 = $584,000,000D = ($85,000,000 x 0.97) + ($50,000,000 x 1.08) = $115,950,000V = E + D = $699,950,000
First, we must calculate the cost of equity using the dividend discount model and then use the CAPM to double-check that we are correct:Re = ($4.10 x (1 + 0.06)) / $73 + 0.06 = 0.1125 or 11.25%Expected return on the market is 12%, while the risk-free rate is 3%.Using the CAPM, we get:Re = 0.03 + (1.2 x 0.12 - 0.03) x 0.5 = 0.096 or 9.6%Wd = ($85,000,000 / $115,950,000) x 100% = 73.31%Wd2 = ($50,000,000 / $115,950,000) x 100% = 43.06%Rd = 7% x 0.73 + 8% x 0.4306 = 7.4474 or 7.45%.
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Which of the following contributes to the ability of the federal government to borrow vast sums?
Like personal borrowing, age limits the federal government's ability to borrow.
Higher interest rates make it easier to repay debt and this encourages more borrowing.
Buyers of government debt typically cash-in their bonds when Treasury securities mature.
Government debt is not backed by assets.
One of the reasons why the federal government has the ability to borrow vast sums is that government debt is not backed by assets.
Government debt is referred to as the sum of all outstanding bonds and other securities that the United States Treasury has issued in order to borrow money from the public. The government can use these funds to finance its operations, which can range from basic tasks like funding road maintenance and law enforcement to more complex initiatives such as scientific research or military development. The fact that government debt is not backed by assets is a critical factor in its appeal to investors, as it allows the government to borrow more without incurring the risks associated with personal borrowing. If an individual were to borrow money without assets to back up the loan, they would be considered a high-risk borrower, and this would lead to higher interest rates and limited loan amounts. However, since the federal government has a good credit rating and has a lot of clout in the financial markets, investors are willing to lend the government money without any asset backing. In general, the more investors are willing to lend the government money, the lower the interest rates, and the easier it is for the government to repay the debt. This encourages more borrowing, which enables the government to keep up with the nation's growing needs and expenditures. Thus, this contributes to the ability of the federal government to borrow vast sums.
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A company with a high earnings per share but a low dividend yield likely indicates a company that
a. distributes most earnings as dividends.
b. has no preferred stock.
c. is high in debt.
d. is focused on maintaining earnings for growth.
A company with high earnings per share but a low dividend yield likely indicates a company that is focused on maintaining earnings for growth. Option d is correct.
A high earnings per share but a low dividend yield likely indicates a company that is focused on maintaining earnings for growth. Instead of distributing most earnings as dividends, the company is retaining its earnings to reinvest in the business in order to generate future growth and increase shareholder value. A high dividend yield, on the other hand, would indicate that the company is distributing a larger portion of its earnings as dividends to shareholders.
This may be an indication that the company is more mature and doesn't have as many growth opportunities, so it is returning profits to shareholders instead. A company with no preferred stock is not related to its earnings per share or dividend yield. Similarly, a company being high in debt may affect its financial health, but it doesn't necessarily relate to its earnings per share or dividend yield.
Option d is correct.
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The environmental analysis process consists of : a)Scanning and monitoring environmental regulations , scanning and monitoring a immigration trends and regulations , scanning and monitoring indicators of economic trends b ) Scanning and monitoring the role of government and law , scanning and monitoring the international community , scanning and monitoring the impact of unionization c) Scanning and monitoring emerging technology , scanning and monitoring demands of regulatory bodies , scanning and monitoring interest rates and cost of living d)Scanning and monitoring the general environment , scanning and monitoring the business environment , forecasting and assessing HR needs and roles
The environmental analysis process involves scanning and monitoring various factors that impact the business environment.
These include regulatory trends, economic indicators, government and law, international influences, emerging technology, regulatory demands, interest rates, and the general business environment. Additionally, forecasting and assessing HR needs and roles play a crucial role in the analysis.
a) Scanning and monitoring environmental regulations, immigration trends, and economic indicators are important aspects of the environmental analysis process. Environmental regulations can impact business operations, while immigration trends and economic indicators provide insights into demographic shifts and economic conditions that can affect business strategies.
b) Scanning and monitoring the role of government and law, the international community, and the impact of unionization are also critical in understanding the business environment. Government policies and regulations, global influences, and labor union dynamics can significantly impact business operations and decision-making.
c) Scanning and monitoring emerging technology, regulatory demands, and interest rates/cost of living are key factors in assessing the business landscape. Technological advancements can create opportunities or disrupt industries, regulatory demands affect compliance requirements, and interest rates/cost of living impact consumer behavior and economic conditions.
d) The general environment, business environment, and forecasting and assessing HR needs and roles are crucial components of the environmental analysis process. Understanding the overall context and industry-specific dynamics helps businesses identify opportunities and challenges, while forecasting HR needs ensures the organization has the right talent and resources to achieve its objectives.
By comprehensively scanning and monitoring these factors, organizations can gain valuable insights to inform strategic decision-making and adapt to the changing business landscape.
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suppose that the price level in country a increases relative to the price level in other countries. in which of the following ways are country a's imports and exports most likely to change?
country a's imports - increase
country a's exports - no change
country a's imports - decrease
country a's exports - increase
country a's imports - no change
country a's exports - decrease
country a's imports - increase
country a's exports - decrease
The correct answer would be:
Country A's imports: decrease
Country A's exports: increase
If the price level in country A increases relative to the price level in other countries, it is likely that country A's imports will decrease and its exports will increase. This is because when the price level in country A is higher than in other countries, its goods and services become relatively more expensive compared to those of other nations. As a result, country A's consumers are likely to reduce their demand for imported goods, leading to a decrease in imports. Conversely, other countries' consumers may find country A's goods and services relatively cheaper, leading to an increase in exports from country A.
Therefore, the correct answer would be:
Country A's imports: decrease
Country A's exports: increase
Price impact refers to the effect or influence that a transaction has on the price of a particular asset or security. When a large order is executed in a financial market, it can cause the price of the asset to move in response to the increased demand or supply.
Price impact is particularly relevant in situations where the market for a particular asset is not highly liquid or when a large transaction represents a significant portion of the overall trading volume. In such cases, the execution of a sizable buy order may lead to a price increase, while a large sell order may result in a price decrease.
The magnitude of the price impact depends on various factors, including the size of the order, the liquidity of the market, and the trading activity surrounding the asset. Generally, the larger the order relative to the market volume, the greater the price impact.
Investors and traders consider price impact when determining their trading strategies and execution tactics. They may choose to split large orders into smaller transactions or employ algorithmic trading techniques to minimize the impact on prices. By understanding and managing price impact, market participants aim to achieve the best possible trade execution while minimizing their impact on market prices.
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The trend analysis report of Doppler, Inc. is given below (in millions): 2018 2017 2016 2015 2014 Net income $700 $403 $401 $607 $456 151% 114% 100% 100% Trend percentages 175% Which of the following is a correct conclusion from the above analysis? (A) Net income for 2018 is 175% of that for 2014. (B) Net income for 2017 is 151% of the previous year. Net income for 2017 decreased by 151% from 2016. (D) Net income for 2018 increased by 175% from 2017.
Therefore, the correct conclusion from the above analysis is that net income for 2018 is 175% of that for 2014. Option (A) is correct.
Given the following trend analysis report of Doppler, Inc. (in millions): 2018 2017 2016 2015 2014Net income $700 $403 $401 $607 $456151% 114% 100% 100% Trend percentages 175%The correct conclusion from the above analysis is that (A) Net income for 2018 is 175% of that for 2014. Trend analysis is an analytical technique that is used to determine the trend or pattern in the performance of a company over time.
Trend analysis provides insights into the company's historical performance and helps in identifying trends that can help in making future predictions and decisions. The trend analysis report of Doppler, Inc. provided above shows the trend percentages of the net income of the company over the past five years. From the trend percentages, we can see that the net income for 2018 is 175% of the net income for 2014.
This means that the net income of the company has increased by 75% over the past four years, which is a significant improvement. Therefore, the correct conclusion from the above analysis is that net income for 2018 is 175% of that for 2014. Option (A) is correct.
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suppose the Chester company expands to other markets with good designs, high awareness and easy accessibility, what strategy would they be implementing?
Broad differentiation
Braod cost ledership
Niche differenciation
Nich cost leadership
The strategy that the Chester company would be implementing by expanding to other markets with good designs, high awareness, and easy accessibility is "Broad differentiation."
A broad differentiation strategy involves identifying industry-wide competitive advantages that set an offering apart from competitors. For this type of strategy to succeed, the customer market must be vast, unsaturated, and have numerous unresolved pain points.
Broad differentiation strategy focuses on offering unique and superior products or services that are perceived as valuable by customers across a wide range of markets. By emphasizing good designs, high awareness, and easy accessibility, Chester aims to differentiate its offerings from competitors and create a competitive advantage based on product or service uniqueness. This strategy aims to attract a broader customer base and command a premium price for the differentiated features or benefits provided.
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Alliance Manufacturing Company is considering the purchase of a new automated drill press to replace an older one. The machine now in operation has a book value of zero and a salvage value of zero. However, it is in good working condition with an expected life of 10 additional years. The new drill press is more efficient than the existing one and, if installed, will provide an estimated cost savings (in labor, materials, and maintenance) of $12,000 per year. The new machine costs $50,000 delivered and installed. It has an estimated useful life of 10 years and a salvage value of $2,000 at the end of this period. The firm’s cost of capital is 14 percent, and its marginal income tax rate is 40 percent. The firm uses the straight-line depreciation method.
Complete the following table to compute the net present value (NPV) of the investment. (Hint: Remember that, in Year 10, Alliances also receives the salvage value of the machine.)
Year
Cash Flow
PV Interest Factor at 14%
Present Value (PV)
($)
($)
0 1.00000 1 0.87719 2 0.76947 3 0.67497 4 0.59208 5 0.51937 6 0.45559 7 0.39964 8 0.35056 9 0.30751 10 0.26974 Net Present Value Should Alliance replace its existing drill press?
No
Yes
To calculate NPV, we need to multiply each cash flow by the present value (PV) factor. PV factor can be calculated using the following formula: PV factor = 1/ (1+i)^n, where i is the discount rate (14%) and n is the year number.In the last year, we also need to add the salvage value of the machine, which is $2,000.
NPV can be calculated by subtracting the initial investment from the sum of present values of all cash flows.To answer whether Alliance Manufacturing Company should replace its existing drill press, we need to compare the NPV with zero. If the NPV is greater than zero, the investment should be accepted.
If the NPV is less than zero, the investment should be rejected. In this case, the NPV is $39,818.60, which is greater than zero. Therefore, Alliance Manufacturing Company should replace its existing drill press.
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a company purchased inventory for $73,000 from a vendor on account, fob shipping point, with terms of 4/10, n/30. the company paid the shipper $1,500 cash for freight in. the company paid the vendor nine days after the sale. if there was no beginning inventory, the cost of inventory would be . (assume a perpetual inventory system.)
The cost of inventory would be $1,420 when there is no beginning inventory in the perpetual inventory system.
Given data:
Purchased inventory = $73,000
Terms = 4/10, n/30
Paid shipper = $1,500Paid vendor = Nine days after the sale
Inventory system = Perpetual
Inventory is a significant asset of a business. The value of inventory on hand is reported as the current asset in a company's balance sheet. This value is important for calculating the cost of goods sold and for identifying the amount of the company's total assets. To find the cost of inventory, it is important to consider the cost of goods sold (COGS).
Formula for Cost of Goods Sold (COGS)
COGS = Beginning Inventory + Purchases − Ending Inventory
Formula for calculating the cost of inventory
COI = Beginning Inventory + Purchases − COGS
Here, given that there is no beginning inventory.
COGS = Purchases − Purchase Discounts − Purchase Returns and Allowances + Freight In
COGS = $73,000 - $2,920 - 0 + $1,500COGS = $71,580
Cost of Inventory= Beginning Inventory + Purchases - COGSCOI= $0 + $73,000 - $71,580COI = $1,420
Therefore, the cost of inventory would be $1,420 when there is no beginning inventory in the perpetual inventory system.
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Students will select a business organization and write a research paper: 10-12 pages, double-spaced, size 12-point Times New Roman font, with 1" margins. Students must reference all of their research the text of the paper. The papers must be APA style and be proof read before final submission. The paper must be free of spelling and grammar mistakes, logically written, and coherent. It should includ least 10 references. The objective of the paper is for you to use learned theories and concepts to analyz your chosen organization. As such, your paper must have in-depth analysis and discussion in each of t 10 below areas. Finally, in your recommendation section you will use your analysis throughout the pap and learned theories throughout the course, to make sound and realistic recommendations, with in-text citations. (Suggestion: Select an organization that has a lot of information available and/or where you have acce to the management personnel). The students are required to research the selected organization and address the following areas: 1. Organizational Context include the history, organizational image, size, locations of operation, type of products, and/or services offered 2. Environment in which the Organization Operates (Chapter 3) Task Environment General Environment economic environment • social/cultural environment political environment legal environment technological environment Organizational Form (Chapter 9) identify organizational form (mechanistic or organic), and analyzes its appropriateness for the environment of the organization. 3. customers suppliers competitors regulatory group
As per the question, the students are required to write a research paper on a business organization. The paper should be 10-12 pages, double-spaced, size 12-point Times New Roman font, with 1" margins.
What should they do?Students must reference all of their research in the text of the paper. The papers must be APA style and be proofread before final submission.
The paper must be free of spelling and grammar mistakes, logically written, and coherent. It should include at least 10 references.
Finally, in the recommendation section, the analysis throughout the paper and learned theories throughout the course are used to make sound and realistic recommendations, with in-text citations.
The areas that the students are required to research the selected organization and address are as follows:
Organizational Context- This section should include the history, organizational image, size, locations of operation, type of products, and/or services offered.
Environment in which the Organization Operates- This section should include:
Suppliers- This section should include information on suppliers of the chosen organization.
Competitors- This section should include information on competitors of the chosen organization.
Regulatory Group- This section should include information on the regulatory group of the chosen organization.
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Randall's Ales & Porters S.A., is considering expanding into Costa Rica. As an incentive, Costa Rica agrees not to charge the company any taxes. The project has the following estimated data:
price = $84 per unit
variable costs = $47.88 per unit
fixed costs = $6,000
required return = 16 percent
initial investment = $9,000
life = three years
depreciable life = three years, straight-line.
Required:
(a) What is the accounting break-even quantity? (Do not round your intermediate calculations.) (Click to select)
(b)What is the cash break-even quantity? (Do not round your intermediate calculations.) (Click to select)
(c) What is the financial break-even quantity? (Do not round your intermediate calculations.) (Click to select)
(d) What is the degree of operating leverage at the financial break-even level of output? (Do not round your intermediate calculations.) (Click to select)
To calculate the accounting break-even quantity, we need to find the quantity at which the total revenue equals the total cost, including both fixed and variable costs.
(a) Accounting Break-Even Quantity:
Accounting Break-Even Quantity = Fixed Costs / (Price per unit - Variable costs per unit)
Accounting Break-Even Quantity = $6,000 / ($84 - $47.88) = 200 units
To calculate the cash break-even quantity, we need to consider the cash flows, including the initial investment.
(b) Cash Break-Even Quantity:
Cash Break-Even Quantity = (Fixed Costs + Initial Investment) / (Price per unit - Variable costs per unit)
Cash Break-Even Quantity = ($6,000 + $9,000) / ($84 - $47.88) = 500 units
To calculate the financial break-even quantity, we need to consider the required return on investment.
(c) Financial Break-Even Quantity:
Financial Break-Even Quantity = (Fixed Costs + Initial Investment) / (Price per unit - Variable costs per unit - Required return on investment)
Financial Break-Even Quantity = ($6,000 + $9,000) / ($84 - $47.88 - 0.16*$84) = 526.32 units (rounded to the nearest whole number)
To calculate the degree of operating leverage at the financial break-even level of output, we need to divide the contribution margin by the operating income at the financial break-even point.
Contribution Margin = Price per unit - Variable costs per unit
Operating Income = Quantity at financial break-even * Contribution Margin - Fixed Costs
(d) Degree of Operating Leverage:
Degree of Operating Leverage = Contribution Margin / Operating Income
Degree of Operating Leverage = ($84 - $47.88) / (526.32 * ($84 - $47.88) - $6,000)
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