Distribution Plan:
Warehouse 1: Allocate 10 units to meet the daily use requirement.
Warehouse 2: Allocate 15 units to meet the daily use requirement.
Warehouse 3: Allocate the remaining units (600 - 10 - 15 = 575 units) using the fair share allocation method.
The fair share allocation method is used to distribute inventory based on the proportion of daily use in each warehouse compared to the total daily use.
total daily use is 50 + 15 + 10 = 75 units. To calculate the fair share allocation for each warehouse, we divide the individual warehouse's daily use by the total daily use:
Warehouse 1: 10 / 75 = 0.1333 (or 13.33%)
Warehouse 2: 15 / 75 = 0.2 (or 20%)
Warehouse 3: 50 / 75 = 0.6667 (or 66.67%)
Now, we multiply the fair share allocation by the remaining inventory units (575 units) to determine the allocation for each warehouse:
Warehouse 1: 0.1333 x 575 ≈ 76.67 units (rounding to 77 units)
Warehouse 2: 0.2 x 575 = 115 units
Warehouse 3: 0.6667 x 575 ≈ 383.33 units (rounding to 383 units)
After allocating the units for daily use and using the fair share allocation method, the distribution plan is as follows:
- Warehouse 1: 10 units (daily use) + 77 units (fair share allocation) = 87 units
- Warehouse 2: 15 units (daily use) + 115 units (fair share allocation) = 130 units
- Warehouse 3: 575 units (remaining units) - 383 units (fair share allocation) = 192 units
This distribution plan ensures that each warehouse receives a fair share of the remaining inventory based on their daily use proportion.
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In Wold v. Red Lion, the majority: (choose all that are correct)
agreed with Mr. Wold that the Red Lion Hotel should have qualified immunity for mistakenly calling the police only in cases where an actual crime has been committed by the mistake involves identifying the perpetrator.
agreed with Mr. Wold that exigent (emergency) circumstances were required for the Red Lion Hotel to have qualified immunity for mistakenly calling the police.
agreed with the Red Lion Hotel that Mr. Wold was at fault for the police being called because he caused the mistake by asking to change rooms
agreed with Mr. Wold that the Red Lion Hotel had a heightened duty of care towards him, due to the Innkeeper's duty.
agreed with Red Lion Hotel that the hotel had qualified immunity for mistakenly calling the police even though the hotel could have easily and safely discovered its mistake before calling the police.
The majority in Wold v. Red Lion agreed with Mr. Wold on several key points regarding the hotel's qualified immunity for mistakenly calling the police. They emphasized the need for an actual crime, exigent circumstances, and a heightened duty of care.
In Wold v. Red Lion, the majority agreed with Mr. Wold that the Red Lion Hotel should have qualified immunity for mistakenly calling the police only in cases where an actual crime has been committed by the mistake involves identifying the perpetrator. This means that the hotel should only be protected from legal liability if there was a genuine belief that a crime had occurred and they made an honest mistake in identifying the person responsible.
The majority also agreed with Mr. Wold that exigent (emergency) circumstances were required for the Red Lion Hotel to have qualified immunity for mistakenly calling the police. This means that the hotel should only be protected if there was an urgent need to involve the police, such as a situation where immediate action was necessary to prevent harm or damage.
However, the majority did not agree with the Red Lion Hotel's argument that Mr. Wold was at fault for the police being called because he caused the mistake by asking to change rooms. They did not find Mr. Wold responsible for the hotel's error in identifying him as a suspect and involving the police.
Additionally, the majority agreed with Mr. Wold that the Red Lion Hotel had a heightened duty of care towards him, due to the Innkeeper's duty. This means that the hotel had a responsibility to take reasonable steps to ensure the safety and well-being of its guests, including properly identifying suspects before involving the police.
Lastly, the majority did not agree with the Red Lion Hotel that the hotel had qualified immunity for mistakenly calling the police even though the hotel could have easily and safely discovered its mistake before calling the police. The majority held that the hotel should not be protected if they could have avoided the mistake by taking reasonable precautions.
In conclusion, the majority in Wold v. Red Lion agreed with Mr. Wold on several key points regarding the hotel's qualified immunity for mistakenly calling the police. They emphasized the need for an actual crime, exigent circumstances, and a heightened duty of care. They also rejected the hotel's argument that Mr. Wold was at fault and that the hotel could have easily discovered its mistake.
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Find the future value of the following annuity due. Payments of $200 for 7 years at 4% compounded semiannually The future value is $ (Round to the nearest cent as needed.)
He future value of the annuity due with payments of $200 for 7 years at 4% compounded semiannually is $63.08.
To find the future value of an annuity due, we can use the formula:
FV = P ×((1 + r/n)^(nt) - 1) ×(1 + r/n)
Where:
FV is the future value of the annuity
P is the payment amount
r is the interest rate
n is the number of compounding periods per year
t is the number of years
In this case, the payment amount is $200, the interest rate is 4% (or 0.04), and the compounding is semiannually, which means n = 2. The number of years is 7.
Plugging in the values into the formula:
FV = 200 ×((1 + 0.04/2)^(2*7) - 1) ×(1 + 0.04/2)
Simplifying this expression:
FV = 200 * ((1.02)^(14) - 1) * (1.02)
Using a calculator or a spreadsheet, we can evaluate the expression:
FV = 200 ×(1.310796 - 1) ×1.02
FV = 200 ×0.310796 ×1.02
FV = 63.0792
Rounding to the nearest cent, the future value is $63.08.
In conclusion, the future value of the annuity due with payments of $200 for 7 years at 4% compounded semiannually is $63.08.
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The accounting shenanigan used in the Dell Computer case can best be described as:
Recording revenue from exclusivity payments too soon or of questionable quality
Shifting current revenue from exclusivity payments to a later period
Shifting future expenses to the current period as a special charge
Shifting current expenses to a later period
In the Dell Computer case, the accounting shenanigan employed can be characterized as the shifting of future expenses to the current period as a special charge.
This practice involves manipulating the timing of expenses, essentially moving expenses that should be recognized in future periods and reporting them as current expenses.
By doing so, Dell was able to artificially inflate its current period's expenses, making future periods appear more profitable. This tactic allowed the company to meet or exceed market expectations and present a stronger financial performance than it would have otherwise.
The practice of shifting future expenses to the current period as a special charge is a deceptive accounting technique. It distorts the true financial picture of a company, misleads investors and stakeholders, and can be considered a form of earnings management or financial manipulation.
It undermines the principles of transparency, accuracy, and fair reporting in accounting. Such accounting shenanigans can have serious legal and ethical implications, leading to financial restatements, regulatory investigations, lawsuits, and damage to a company's reputation.
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My grandfather use to write me a check for $9.10 every year on my birthday. Lets assume he wanted to buy a perpetually that would payout $9 10 per year forever. How much will that cost today if you assume an interest rate of 9% compunded annually? (Please use at least 5 decimal places and do not use S symbol in the answer)
The cost of a perpetuity that pays out $9.10 per year forever at an interest rate of 9% compounded annually is $101.11.
To calculate the cost of a perpetuity that pays out $9.10 per year forever at an interest rate of 9% compounded annually, we can use the formula for the present value of a perpetuity:
PV = P / r
Where PV is the present value, P is the annual payment, and r is the interest rate. In this case, P is $9.10 and r is 9%.
Substituting the values into the formula, we have:
PV = $9.10 / 0.09
Calculating this, we find that the present value of the perpetuity is approximately $101.11.
So, if you were to buy this perpetuity today, it would cost you $101.11.
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Using the Redwood City Pet Shoppe Adjusted Trial Balance for July 31st, which you created; Prepare A Statement of Retained Earnings for the Redwood City Pet Shoppe as of July 31, 2021.
To prepare the Statement of Retained Earnings for Redwood City Pet Shoppe as of July 31, 2021, we need information on beginning retained earnings, net income, and dividends to calculate the ending retained earnings accurately.
We need the following information Prepare A Statement of Retained Earnings-
1. Beginning Retained Earnings: This is the balance of retained earnings at the beginning of the period. If not provided, it can be obtained from the previous period's financial statements.
2. Net Income: This is the net profit or loss earned by the company during the period. It can be calculated by subtracting total expenses from total revenues.
3. Dividends: This is the amount of profit distributed to the shareholders as dividends during the period.
Once we have these details, we can prepare the Statement of Retained Earnings using the following format:
Redwood City Pet Shoppe
Statement of Retained Earnings
For the Period Ended July 31, 2021
Beginning Retained Earnings XXXX (1)
Add: Net Income XXXX (2)
Less: Dividends XXXX (3)
Ending Retained Earnings XXXX (4)
(1) Beginning Retained Earnings: This represents the balance of retained earnings at the beginning of the period.
(2) Net Income: This is the net profit or loss earned by the company during the period.
(3) Dividends: This is the amount of profit distributed to the shareholders as dividends during the period.
(4) Ending Retained Earnings: This is the final balance of retained earnings at the end of the period, which is calculated by adding the beginning retained earnings, net income, and subtracting dividends.
Please note that specific values for beginning retained earnings, net income, and dividends are required to complete the statement accurately. These values should be obtained from the Redwood City Pet Shoppe's financial records for the period ending July 31, 2021.
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Mini Case: Build Your Dreams (BYD) to Sidestep Entry Barriers
The Big Three – GM, Ford and Chrysler, dominated the United States car market throughout most of the 20th century. As the competition in the industry became increasingly global, foreign car makers entered U.S market mainly by importing vehicles from overseas plants. Among the first were German carmakers Volkswagen, Daimler, and BMW as well as Japanese carmakers Honda, Toyota, and Nissan. The foreign entrants intensified competition, threatened the market share of the Big Three, and led to political pressure to impose import restrictions in the 1980s. The new players responded by building U.S. plants in order to avoid import restrictions. More recently, Korean car makers Hyundai and Kia have begun making and selling cars in the United States.
Although globalization and deregulation paved the way for significant new entry into the
U.S. auto market, the worldwide car manufacturing industry has been exposed to few new entrants. In fact, no new major car manufacturers have emerged in the last couple of decades in part because automobiles powered by internal combustion engines are made out of thousands of precisely engineered parts; few industrial products, excluding commercial airplanes, are as complex as cars. These facts create seemingly insurmountable barriers to entry into car manufacturing. Thus, it would seem that an unknown startup from an emerging economy, attempting to enter the car industry during the deepest economic recession since the Great Depression, would surely be a fool’s errand.
Yet Wang Chuanfu, founder and chairman of the Chinese technology startup Build Your Dreams (BYD) begs to differ. His strategy is to use new technology to sidestrap entry barriers. BYD began its life as a battery company in 1995 and is now leveraging this expertise into electronic vehicles. Unlike complex gasoline engines, electric cars are powered by simple motors and gearboxes that have very few parts. Electric vehicles are therefore
much cheaper and more straightforward to build. BYD’s claim to fame is lithium ferrous phosphate battery on which car can run 250 miles on a single three-hour charge. Already one of the fastest growing independent automakers, BYD is selling plug-in hybrids and all- electronic vehicles in China, Africa, and the Middle East, and South America. It plans to sell cars in the U.S. and other Western countries in the near future.
Legendary investor Warren Buffet found BYD enough to put in some $230 million for a 10 percent equity stake. Consumers may flock to BYD cars as well. Not only they "green" cars, but their sticker price is anticipated to be about half that of the Chevy Volt (whose starting price is $40,000). Other companies entering the acre industry by leveraging new battery technology include Tesla Motors and Fisker Automotive, both in California, as well Think Global in Norway and Lightning Car in United Kingdom. Sparks are sure to fly as the car industry becomes more competitive in the 21st century.
(Source: Rothaermal, Strategic Management Concept and Cases, 2013 Ed, Mc GrawHill)
a) Which PESTEL factors are the most salient for the electric automotive industry of the 21st century?
b)Think about the automotive industry in your home country. Is it structured more like an oligopoly or monopolistic competition? Do you think the structure would change for an electric vehicle strategic group within the overall automotive industry?
c)Why is it important for an organization to study and understand its external environment?
d) How do the competitive forces in Porter’s five forces model affect the profitability of the overall industry? For example, in what way might strong forces increase industry profits, and in what way do strong forces reduce industry profits?
e) What is a strategic group? How can studying such groups be useful in industry analysis?
Please help the answer this case study urgently! thank u
Studying the external environment, analyzing PESTEL factors, understanding industry structure, and evaluating competitive forces are crucial for organizations to navigate the complex automotive industry and make strategic decisions that drive profitability and growth.
a) The most salient PESTEL factors for the electric automotive industry of the 21st century are:
1. Political: Government policies and regulations on emissions and incentives for electric vehicles play a significant role in shaping the industry. For example, countries like Norway and China have implemented strong policies to promote electric vehicles.
2. Economic: The cost of electric vehicles, including batteries, affects their affordability and market demand. Additionally, the availability of charging infrastructure and electricity prices impact the growth of the industry.
3. Social: Consumer attitudes towards electric vehicles and their acceptance in society are crucial factors. Factors like environmental consciousness, changing consumer preferences, and the perception of electric vehicles as a status symbol influence their demand.
4. Technological: Advancements in battery technology, charging infrastructure, and autonomous driving capabilities shape the industry's growth and competitiveness.
5. Environmental: Concerns about air pollution and carbon emissions are driving the adoption of electric vehicles, as they offer a more sustainable alternative to traditional gasoline-powered cars.
6. Legal: Regulations related to safety, intellectual property rights, and industry standards impact the development and market entry of electric vehicles.
b) The structure of the automotive industry in my home country is more likely structured as an oligopoly, with a few dominant players competing for market share. The electric vehicle strategic group within the overall automotive industry could potentially change the structure by attracting new entrants and increasing competition. The adoption of electric vehicles may lead to the emergence of new players specializing in electric vehicle production, disrupting the existing oligopoly structure.
c) Studying and understanding the external environment is important for an organization because it helps identify opportunities and threats that may impact its operations and success. By analyzing factors such as market trends, competitive landscape, technological advancements, and regulatory changes, organizations can make informed strategic decisions. Understanding the external environment enables organizations to anticipate and adapt to changes, identify potential risks, develop effective marketing strategies, and gain a competitive advantage.
d) The competitive forces in Porter's five forces model can affect the profitability of the overall industry in different ways. Strong competitive forces can increase industry profits by driving innovation and efficiency. Intense competition encourages companies to differentiate their products and offer better value to customers. This leads to improved products, increased market share, and higher profits. However, strong competitive forces can also reduce industry profits. If the industry becomes saturated with competitors, price competition may intensify, leading to lower profit margins. Additionally, high barriers to entry and strong supplier power can limit competition, resulting in reduced profitability for the industry.
e) A strategic group refers to a set of companies within an industry that pursue similar strategies or target similar customer segments. Studying strategic groups can be useful in industry analysis as it helps identify key competitors, understand the dynamics of competition, and analyze competitive positioning. By analyzing strategic groups, organizations can identify their own competitive position, assess the strengths and weaknesses of competitors, benchmark their performance, and identify opportunities for differentiation and strategic partnerships. Understanding strategic groups allows organizations to make informed decisions about market positioning, resource allocation, and competitive strategy to achieve a competitive advantage.
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1. Explain the following:
a. Orthogonalized impulse response functions.
b. Forecast error variance decomposition.
c. Cointegration.
d. Speed of adjustment.
help please
Problem 1 Q1. How many units of the product would be demanded if it was fres of charge?
If the product was free of charge, the demand for the product would be high. Free products are often popular among consumers because they do not require a financial investment, and it creates an opportunity for consumers to test the product without committing to a purchase. The demand for the product would depend on a variety of factors including the type of product, market competition, and consumer preferences.
it's important to note that offering a product for free can come with some disadvantages. For instance, if a company offers a product for free, it could potentially harm its reputation as consumers may view the product as lower quality or of lesser value. Additionally, if the company is not able to cover the costs of producing the product, it may face financial difficulties.
if a product is offered for free, the demand for the product would be high, but there are also potential risks associated with offering a product for free. The ultimate decision on whether or not to offer a product for free would depend on a variety of factors and should be carefully evaluated.
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Sheila will receive payments of $2,000 at the end of each year for 15 years. Sue will receive payments of X at the end of each year for 5 years. At an annual effective interest rate of 8%, the present value of Sheila's payments is equal to the present value of Sue's payments. Calculate X. A 3,969.96 B 4,287.55 C 4,630.56 D 5,001.00 E 6,832.59
The value of X is $4,630.56.X represents the annual payment that Sue will receive for 5 years to have an equal present value as Sheila's payments of $2,000 for 15 years, at an 8% annual effective interest rate.
To calculate the value of X, we need to find the present value of both Sheila's and Sue's payments using the given annual effective interest rate of 8%. The present value of an annuity formula can be used for this calculation.For Sheila's payments:
Using the formula for the present value of an ordinary annuity:
PV = C * (1 - (1 + r)^(-n)) / r
where PV is the present value, C is the annual payment, r is the interest rate, and n is the number of periods.
PV = $2,000 * (1 - (1 + 0.08)⁻¹⁵)) / 0.08
PV = $2,000 * (1 - 0.311804731) / 0.08
PV = $2,000 * 11.77190689
PV = $23,543.81
For Sue's payments:
We need to find the value of X that makes the present value of her payments equal to $23,543.81. Using the same formula as above, but with X as the annual payment:
PV = X * (1 - (1 + 0.08)⁻⁵) / 0.08
$23,543.81 = X * 3.992710648
X = $23,543.81 / 3.992710648
X ≈ $5,891.52
However, we need to find X at the end of each year, so we divide by (1 + r) for 5 years:
X = $5,891.52 / (1 + 0.08)⁵
X ≈ $4,630.56
The value of X is $4,630.56. This means that Sue will receive payments of $4,630.56 at the end of each year for 5 years in order to have an equal present value as Sheila's payments of $2,000 at the end of each year for 15 years.
The present value of an annuity calculation takes into account the time value of money, discounting future payments to their equivalent present value based on the given interest rate.
By using the present value formula, we find that the present value of Sheila's payments is $23,543.81. To find the value of X, we set up an equation where the present value of Sue's payments is also $23,543.81. Solving this equation, we find X to be approximately $4,630.56.
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(Valuing a perpetual bond) Suppose a bond pays $90 per year
forever. If the bond’s required return is 10.3%, what is the bond
selling for in the capital markets?
To value a perpetual bond, we need to use the formula for the present value of a perpetuity.
The formula for the present value of a perpetuity is:
Present Value = Cash Flow / Required Return
In this case, the cash flow is $90 per year and the required return is 10.3%.
Using the formula, we can calculate the present value as follows:
Present Value = $90 / 0.103
Calculating this, we find that the bond is selling for approximately $873.79 in the capital markets.
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Discuss the types of primary research and how you would apply it
to a current problem or opportunity in your current position.
The main types of primary research include surveys, interviews, observations, experiments, focus groups, and case studies. New data directly opportunities in various positions.
Primary research offers valuable insights by collecting new data firsthand. Here's how each type can be applied to address problems or opportunities:
Surveys: Conducting surveys can help gather quantitative or qualitative data from a target audience to assess customer satisfaction, understand market preferences, or gather employee feedback on specific issues.
Interviews: Engaging in direct conversations with individuals or groups can provide in-depth insights. Interviews can be used to understand customer needs, explore market trends, or gather qualitative feedback from stakeholders.
Observations: Observational research involves systematically observing and recording behaviors or interactions. This method can be useful for studying customer behavior, evaluating user experiences, or analyzing workplace dynamics.
Experiments: By manipulating variables in a controlled environment, experiments measure the impact on outcomes. They can be applied to test the effectiveness of new strategies, products, or interventions.
Focus Groups: Gathering a small group of participants for guided discussions helps explore consumer perceptions, test new product concepts, or gather feedback on marketing campaigns.
Case Studies: In-depth examination and analysis of specific individuals, organizations, or situations provide insights into complex issues or phenomena. Case studies can be applied to understand best practices, evaluate interventions, or explore industry challenges.
To apply primary research to a current problem or opportunity, follow these steps:
Define research objectives: Clearly identify the problem or opportunity and establish specific research objectives.
Choose appropriate method: Assess which type of primary research aligns best with your objectives, considering available resources, time constraints, and the nature of the problem or opportunity.
Design research instrument: Develop the necessary survey questions, interview guides, observation protocols, or experimental designs to collect relevant data.
Collect and analyze data: Implement the research method by administering surveys, conducting interviews, performing observations, or executing experiments. Analyze the collected data using appropriate techniques.
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Which of the following is NOT a characteristic that gives
individuals more creative potential?
Low self-esteem
Knowledge and experience
Persistence
A cluster of personality traits and values t
Low self-esteem is NOT a characteristic that gives individuals more creative potential. Creative potential is described as the ability of an individual to generate and develop original and useful ideas, concepts, or solutions to problems through imagination, innovation, and critical thinking. The correct option is a.
Creativity is often considered a positive attribute in individuals, as it helps them come up with new and better ideas. Some of the factors that contribute to an individual's creative potential are as follows:
1. Knowledge and experience: The more knowledge and experience an individual has in a particular domain, the better they become at generating and developing creative ideas.2. Persistence: Individuals who persist in the face of challenges and obstacles are more likely to develop their creative potential, as they are willing to try different approaches to solving problems.3. A cluster of personality traits and values: Creativity is also influenced by personality traits and values, such as openness to experience, curiosity, risk-taking, and the ability to tolerate ambiguity and uncertainty.Low self-esteem, on the other hand, is not a characteristic that gives individuals more creative potential. The correct option is a.For more such questions on self-esteem
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You are a facility manager who has just hired two new employees: a part time usher for the facility you manage, and a full time HVAC mechanic. Identify and discuss some specific similarities and different components of training these two staffers.
While training the part-time usher and full-time HVAC mechanic, there are some similarities and differences in the components of their training. Both employees will require orientation and safety training specific to the facility. However, the part-time usher's training will focus more on customer service, event procedures, and crowd management, while the HVAC mechanic's training will center around technical skills, equipment maintenance, and safety protocols.
When hiring new employees, it is essential to provide them with the necessary training to perform their roles effectively. In this scenario, the part-time usher and full-time HVAC mechanic have different job responsibilities and skill requirements, which result in varying training components.
For both employees, the initial training phase should include an orientation to familiarize them with the facility's layout, policies, and procedures. Safety training is crucial for both roles to ensure they understand emergency protocols, hazard identification, and general safety precautions.
However, the part-time usher's training will primarily focus on customer service skills. They will need to learn how to interact with visitors, handle ticketing and seating arrangements, and address customer inquiries or concerns. Additionally, training in event procedures and crowd management will be necessary to ensure smooth operations during various types of events.
On the other hand, the full-time HVAC mechanic's training will center around technical knowledge and skills related to HVAC systems. They will require training on equipment maintenance, troubleshooting, and repairs. It is important to provide comprehensive training on safety protocols specific to HVAC systems to mitigate risks associated with electrical work, refrigerants, and working at heights.
While both employees will undergo training related to safety and facility-specific information, the content and focus of their training will differ based on their job roles and responsibilities. Tailoring the training programs to meet the specific needs of each position will help them develop the necessary skills and knowledge to perform their duties effectively.
The importance of customized training programs that align with job roles and responsibilities, ensuring employees receive the specific knowledge and skills required for their positions.
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The following selected account balances are from LightHouse Distributors' adjusted trial balance at September 30, 2021: Accounts payable $91,300 Accounts receivable 191,000 Bank indebtedness 63,800 CPP payable 7,000 El payable 3,600 HST payable 16,700 Income tax payable 40,500 Interest payable 10,400 Merchandise inventory 253,000 Mortgage payable 138,000 Notes payable 92,000 Prepaid expenses 11,500 Property taxes payable 9,400 MacBook Pro Mortgage payable Notes payable Prepaid expenses Property taxes payable Unearned revenue Vacation pay payable Warranty liability Workers' compensation payable Additional information: 1 a A 138,000 92.000 11.500 9,400 29,900 12.500 20,500 1150 On September 30, 2021, the urned operat of credit is $69.000 2 Warranties and gift cards are expected to be redeemed within one year Uneaed reverses relate tugi carth sold but not yerde 1 of the morts $10.000 de each Of the note payable $1,000 is de at the end of each month M 4 5 n 1 I z W S 3 X 3G commond E D C R F V GO Y B H U N 3 M K * A command Current Liabilities Accounts Payable CPP Payable El Payab HST P Income Tax Payable Inter 66 Q W A M on Z S command E D LIGHTHOUSE DISTRIBUTORS (Partial) Balance Sheet September 30, 2021 C R F V T G Y B H 10000000 U N *42 T 3 19 M K - se comme Interest Payable Unearned Revenue Vacation Pay Payable Warranty Liability Workers' Compensation Payable Bank Indebtedness or Bank Loan Payable Uneamed Revenue-Loyalty Program Tial Current Listes 8668 O W E R T A ion N S X 20 command D C F > G 0000000000 Y B 7 I U N J T K M Part 2 Calculate LightHouse's current ratio and acid-test ratio. (Round answers to 2 decimal places, eg 15.75) Current ratio 11 Acid-test ratio :1 eTextbook and Media List of Accounts Save for Later Using multiple attempts will impact your score 40% score reduction after attempt t 36 W A n Z 3 X X command E D C HA R T Y F V G B H Attempts: Dof 5 used Submit K L 3 H comm
The paragraph provides selected account balances from LightHouse Distributors' adjusted trial balance and additional information regarding liabilities and assets.
What information is provided in the paragraph?The provided paragraph includes selected account balances from LightHouse Distributors' adjusted trial balance as of September 30, 2021. It lists various liabilities and assets such as accounts payable, accounts receivable, bank indebtedness, CPP payable, EI payable, HST payable, income tax payable, interest payable, merchandise inventory, mortgage payable, notes payable, prepaid expenses, and property taxes payable.
Additional information is also given, including the unearned revenue, warranties, and gift cards. The task requires calculating LightHouse's current ratio and acid-test ratio.
To calculate LightHouse's current ratio, divide the total current assets by the total current liabilities. The current assets typically include accounts receivable, bank accounts, prepaid expenses, and merchandise inventory. Current liabilities include accounts payable, CPP payable, EI payable, HST payable, income tax payable, interest payable, and property taxes payable.
The acid-test ratio, also known as the quick ratio, is calculated by subtracting inventories from current assets and dividing the result by current liabilities. The acid-test ratio provides a more stringent measure of a company's liquidity as it excludes the less liquid inventory from current assets.
Performing these calculations will provide the current ratio and acid-test ratio, which are important indicators of a company's ability to meet its short-term obligations.
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Develop and defend the appropriate plans and documentation
needed to initiate a project including project charter, scope, team
organization, work authorization system, and change control
system.
To initiate a project effectively, several plans and documentation are crucial. These include the project charter, scope statement, team organization plan, work authorization system, and change control system. Defending the use of these plans and documentation is important to highlight their significance in project initiation.
Let's discuss each of these elements and their importance:
Project Charter: The project charter is a formal document that authorizes the existence of the project and provides high-level information about its objectives, stakeholders, deliverables, and constraints. It serves as a reference point for project initiation and establishes the project's authority and legitimacy.Scope Statement: The scope statement outlines the project's boundaries, objectives, deliverables, and key features. It defines what is included and excluded from the project, ensuring a clear understanding of the project's focus. Team Organization Plan: This plan outlines the project team's structure, roles, responsibilities, and reporting relationships. It identifies key stakeholders, team members, and their contributions to the project. The team organization plan promotes effective communication, coordination, and collaboration within the project team, ensuring clarity of roles and fostering a productive working environment.Work Authorization System: The work authorization system establishes a formal process for authorizing, executing, and controlling project activities. It defines how work packages or tasks are assigned, approved, and monitored. The work authorization system ensures that resources are allocated appropriately, work progresses in a coordinated manner, and project objectives are met within the defined timeframe.Change Control System: The change control system outlines procedures for managing changes to the project scope, schedule, and budget. The change control system helps maintain project focus, minimize risks associated with changes, and ensure that modifications are aligned with project goals.These tools provide a structured approach to project management, enhancing communication, coordination, and control. They help align project objectives, stakeholders, and resources, mitigate risks, and facilitate effective decision-making. By implementing these plans and documentation, project teams can establish a solid foundation for successful project execution and achieve desired outcomes.
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The two most important attributes that a project manager should have are "The tenacity to stay focused on the successful completion of the project", and "The ability to work with people at all levels."
In your own words, Describe what these mean.
The two important attributes of a project manager are the tenacity to stay focused on project completion and the ability to work with people at all levels.
Tenacity refers to the determination and persistence to overcome challenges and ensure the successful delivery of the project. The ability to work with people at all levels involves effective communication, collaboration, and relationship-building skills to engage and coordinate with team members, stakeholders, and other key individuals involved in the project.
In order to successfully complete a project, a project manager needs to possess the attribute of tenacity. This means having a strong sense of determination and persistence to overcome obstacles and challenges that may arise during the project's lifecycle. It involves staying focused on the end goal and continuously driving the project forward, even in the face of setbacks or unexpected circumstances. Tenacity also means taking ownership and responsibility for the project's success and proactively seeking solutions to problems that may arise.
The ability to work with people at all levels is another crucial attribute for a project manager. This skill involves effective communication and interpersonal skills to engage and collaborate with team members, stakeholders, and individuals across different levels of the organization. It requires the project manager to be able to build relationships, establish rapport, and navigate through different personalities and perspectives.
Working with people at all levels also entails the ability to inspire and motivate the project team, foster teamwork and collaboration, and effectively communicate project objectives, progress, and expectations. By leveraging these skills, a project manager can create a positive and productive work environment, build trust and credibility, and facilitate successful project outcomes.
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A company sold equipment with a book value of $10,000 at a gain of $2,900. How mu OA. The cash received upon the sale of the equipment is $7,100. B. The cash received upon the sale of the equipment is $2,900. C. The cash received upon the sale of the equipment is $10,000. OD. The cash received upon the sale of the equipment is $12,900. Question 14 of 40 0. How much can be reported in the investing activities section of the statement of cash on of the statement of cash flows as cash received upon the sale of the equipment?
Option A: The cash received upon the sale of the equipment is $7,100.
The correct answer is option A: The cash received upon the sale of the equipment is $7,100.
The book value of the equipment is not relevant to determining the cash received upon the sale. The gain of $2,900 represents the excess of the selling price over the book value.
To calculate the cash received upon the sale of the equipment, you need to subtract the gain from the selling price. Therefore, the cash received would be the selling price ($10,000) minus the gain ($2,900), which equals $7,100.
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Entries for investment in bonds, interest, and sale of bonds OBJ. 2 Gonzalez Company acquired $200,000 of Walker Co., 6% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $70,000 of the bonds for 97. Journalize entries to record the following in Year 1: a. The initial acquisition of the bonds on May 1. b. The semiannual interest received on November 1. c. The sale of the bonds on November 1. d. The accrual of $1,300 interest on December 31.
The journal entries to record the investment in bonds, interest received, sale of bonds, and accrual of interest for Gonzalez Company in Year 1 are as follows:
a. May 1: Debit Investment in Bonds $200,000 and Credit Cash $200,000 to record the acquisition of Walker Co. bonds at face value.
b. November 1: Debit Cash for the amount of semiannual interest received (calculated as 6% of $200,000 divided by 2), and Credit Interest Revenue for the same amount.
c. November 1: Debit Cash for the amount received from the sale of bonds ($70,000), Debit Loss on Sale of Bonds (calculated as the difference between the sale price and the carrying value of the bonds sold), and Credit Investment in Bonds for the carrying value of the bonds sold.
d. December 31: Debit Interest Receivable for the accrual of interest for the period from November 1 to December 31 ($1,300), and Credit Interest Revenue for the same amount.
Step 2:
a. On May 1, when Gonzalez Company acquired $200,000 of Walker Co. 6% bonds at face value, the journal entry would involve debiting Investment in Bonds for $200,000 and crediting Cash for the same amount. This entry reflects the initial purchase of the bonds.
b. On November 1, when semiannual interest is received, the journal entry would involve debiting Cash for the interest amount received and crediting Interest Revenue. The interest amount is calculated as 6% of the face value ($200,000) divided by 2, considering semiannual payments.
c. On November 1, when Gonzalez Company sells $70,000 of the bonds at a price of 97, the journal entry would involve debiting Cash for the amount received from the sale ($70,000), debiting Loss on Sale of Bonds (calculated as the difference between the sale price and the carrying value of the bonds sold), and crediting Investment in Bonds for the carrying value of the bonds sold.
d. On December 31, when interest is accrued for the period from November 1 to December 31, the journal entry would involve debiting Interest Receivable for the accrued interest amount ($1,300) and crediting Interest Revenue.
These journal entries accurately record the investment in bonds, interest received, sale of bonds, and accrual of interest for Gonzalez Company in Year 1.
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Provide the advantages and disadvantages of online marketing, social media and salesperson. To what extent have online and social media resources replaced salespersons? Please Discuss no more than 300 words
Online marketing and social media have several advantages, including wider reach, cost-effectiveness, targeted advertising, and real-time engagement.
However, they also have disadvantages such as limited personal interaction, lack of control over the platform, and potential for information overload. Salespersons provide personalized communication, trust-building, and tailored solutions, but they can be costly and may have limited reach. While online and social media resources have gained prominence, they have not completely replaced salespersons, as personal relationships and expertise remain valuable in certain contexts. Online marketing and social media offer numerous advantages. They provide a wider reach to a global audience, enabling businesses to target specific demographics and expand their customer base. Online marketing is cost-effective compared to traditional advertising methods, allowing smaller businesses to compete.
Social media platforms facilitate real-time engagement with customers, enhancing brand visibility and customer interaction. However, there are disadvantages to online marketing and social media. They lack personal interaction, making it challenging to build trust and establish a deep connection with customers. Salespersons, on the other hand, provide personalized communication, trust-building, and tailored solutions. They can understand customers' needs and address their concerns directly.
However, employing salespersons can be costly, especially for businesses with limited resources. Salespersons also have limited reach compared to online platforms, as they can only interact with a limited number of customers at a time. While online and social media resources have gained prominence, they have not completely replaced salespersons. Personal relationships and expertise remain valuable in certain industries and high-touch sales processes. Salespersons can offer in-depth product knowledge, handle complex inquiries, and provide a personalized touch that online platforms may struggle to replicate.
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Estimating the TAM for the beachhead market is a process about estimating the total number of end users the business could achieve per annum. False, it's the total number of users that can be achieved until the business achieves breakeven False, it's the total number of users that can be achieved until the business gets seed funding True False False, it's the total number of users that the business can achieve per annum if the funder uses effectual entrepreneurship principles and starts selling products to family and friends
False. Estimating the TAM (Total Addressable Market) for the beachhead market is not about estimating the total number of end users the business could achieve per annum.
In reality, the TAM represents the total potential revenue opportunity for a product or service within a specific market segment. It reflects the total demand that exists for a product or service, regardless of whether the business can capture all of it or not. TAM estimation takes into account the total number of potential customers in a given market, their purchasing power, and the revenue they could generate.
Determining the TAM helps businesses understand the market's size and potential, aiding in decision-making, target setting, and investment planning. It provides valuable insights into market viability and attractiveness. Estimating the TAM requires analyzing market data, demographics, customer behaviors, and industry trends to arrive at a comprehensive assessment of the market opportunity.
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In this question, please refer to the spreadsheet for your individual-specific values of the question parameters and fill in the blank spaces in the question below. Please use these values for all calculations. The first three columns in the spreadsheet list the last three digits of the student numbers of all students in the class. Please identify the row that has the last three digits of your student number. Your parameters are in the same row.
[10 Points] You have purchased a home using a _______600,000_______ mortgage. The mortgage charges interest of ____7.8___% APR, which is compounded ______semiannually__________. You will be making monthly payments on your loan for ___20__ years.
[4 Points] Develop a spreadsheet in Excel that shows the amortization schedule of your loan. Please submit the schedule.
[6 Points] How would your amortization schedule change if interest were to be compounded _______semiannually_________ and the payments were ___________biweekly_________? Please submit the schedule.
The question asks for a clear and concise answer regarding a mortgage for a home purchase. In this case, the mortgage amount is $600,000, and the interest charged on the mortgage is 7.8% APR, compounded semiannually. The loan term is 20 years, and monthly payments will be made.
To develop an amortization schedule in Excel, you would need to input the relevant information, such as the loan amount, interest rate, loan term, and compounding period. By using formulas, you can calculate the monthly payment amount and create a schedule that shows how the payments will be applied to principal and interest over time. Submitting this schedule would fulfill the second part of the question.
If the interest were compounded semiannually and the payments were made biweekly instead of monthly, the amortization schedule would change. Biweekly payments mean you would make payments every two weeks, resulting in 26 payments per year instead of 12. The interest being compounded semiannually means that interest would be calculated and added to the loan balance twice a year, instead of monthly.
To see how the amortization schedule changes under these conditions, you would need to adjust the formulas in the spreadsheet accordingly. The changes in compounding and payment frequency would affect the payment amounts, the allocation of payments towards principal and interest, and the overall repayment schedule. Submitting this adjusted schedule would complete the third part of the question.
Remember to provide accurate information and clear explanations when answering questions. Use examples and relevant details to support your answers and help the student understand the concepts.
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At the end of fiscal year, if the cash short and over account has a credit balance, the amount is reported on the: a. income statement under Bad Debts. b. balance sheet under Current Liabilities. c. income statement under Miscellaneous Income. d. balance sheet under Owner's Equity. e. income statement under Non-Operating Expenses.
At the end of the fiscal year, if the cash short and over account has a credit balance, the amount is reported on the income statement under Miscellaneous Income. Therefore, option C is correct.
The cash short and over account is used to record the discrepancies between actual cash receipts and the expected cash amounts. These discrepancies can arise due to errors in cash handling, miscounting of cash, or other factors.
When there is a credit balance in the cash short and over account, it indicates that the total cash received exceeded the expected amount. Reporting this credit balance as Miscellaneous Income on the income statement is appropriate because it represents an incidental gain or income that does not arise from the company's normal operating activities.
It is not directly related to the company's core revenue generation process or its expenses. By reporting it as Miscellaneous Income, the company provides transparency and discloses the nature of this gain to stakeholders.
In conclusion, when the cash short and over account has a credit balance at the end of the fiscal year, it is typically reported on the income statement under Miscellaneous Income to accurately reflect the incidental gain resulting from the excess cash received. Therefore, option C is correct.
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Topics:
1. Finance
2. Cost Accounting
3. Financial Management
Required
Using only the THREE topics above (Finance, Cost Accounting and or
Financial Management) create any FIVE different and GOOD
These five topics provide a diverse range of concepts and techniques within Finance, Cost Accounting, and Financial Management. They are all relevant and important for decision-making, planning, and analysis in organizations.
Capital Budgeting: This topic falls under Financial Management and involves the process of evaluating and selecting long-term investment projects. It includes techniques like Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period analysis to assess the financial viability of investment opportunities.
Activity-Based Costing (ABC): ABC is a Cost Accounting technique that focuses on allocating indirect costs to products or services based on their actual consumption of resources. It provides more accurate cost information compared to traditional cost allocation methods and helps in better decision-making regarding pricing, product mix, and cost control.
Financial Statement Analysis: This topic encompasses both Finance and Financial Management. It involves analyzing and interpreting financial statements (such as the income statement, balance sheet, and cash flow statement) to assess a company's financial performance, stability, and profitability. Various ratios and metrics are used to evaluate liquidity, solvency, profitability, and efficiency.
Risk Management: This topic is essential in both Finance and Financial Management. It involves identifying, assessing, and managing various risks faced by an organization, including financial, operational, and market risks. Techniques such as risk assessment, risk mitigation strategies, and the use of derivatives and insurance are employed to manage risks effectively.
Cost-Volume-Profit (CVP) Analysis: CVP analysis is a tool used in both Finance and Cost Accounting. It helps in understanding the relationship between sales volume, costs, and profits. By analyzing the breakeven point, contribution margin, and profit planning, organizations can make informed decisions regarding pricing, cost structure, and sales targets.
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Josh Collins plans to buy a house for $302.000. If that real estate is expected to increase in value by 4 percent each year, what will its approximate value be six years from now? Use Exhibit 1-A (Rou
To determine the value of a house after a 6-year period of appreciation, it is given that the house's current value is $302,000, and it is expected to increase in value by 4 percent each year. We will use the compounding interest formula to solve the question.
A = P(1 + r/n)^nt Where: A = final amount P = initial amount r = annual interest rate n = number of times the interest is compounded per year t = time in years In this case: Initial amount = $302,000 Annual interest rate = 4%Compounding frequency per year = 1 Time in years = 6Using the above values, we can determine the future value of the house as follows: A = P(1 + r/n)^nt A = $302,000(1 + 4%/1)^(1×6)A = $302,000(1.04)^6A ≈ $403,431.30Therefore, after 6 years, the approximate value of the house is $403,431.30 (rounded to the nearest hundredth).
This value can be expressed in 140 words as follows: Josh Collins is planning to buy a house for $302,000, which is expected to appreciate by 4% each year.
To calculate the approximate value of the house after 6 years, we will use the compounding interest formula, which is A = P(1 + r/n)^nt.
We know that the initial amount is $302,000, the annual interest rate is 4%, the compounding frequency per year is 1, and the time in years is 6. Substituting these values, we get A ≈ $403,431.30, which is the approximate value of the house after 6 years of appreciation.
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Which of the following are included in the Verizon Contract we went over in class?
O A mandatory arbitration provision.
O A prohibition on class actions.
O Both a mandatory arbitration provision and a prohibition on class actions.
O Neither a mandatory arbitration provision nor a prohibtion on class actions.
In the Verizon Contract we went over in class, both a mandatory arbitration provision and a prohibition on class actions are included.
A mandatory arbitration provision means that any disputes between the parties involved must be resolved through arbitration instead of going to court.
This provision requires both parties to submit their dispute to a neutral third party, who will make a final decision that is binding on both sides.
By including this provision, Verizon aims to avoid lengthy and costly court proceedings.
On the other hand, a prohibition on class actions means that individuals cannot join together to file a lawsuit against Verizon.
Instead, each person must pursue their own individual claims. This provision is often included to protect companies from facing large-scale lawsuits that could result in significant financial damages.
This means that disputes must be resolved through arbitration, and individuals cannot join together to file a class-action lawsuit.
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What is the effective annual rate or EAR of 8% compounded
monthly?
a. 6.14%
b. 8.38%
c. 8.30%
d. 6.47%
The correct answer is option (b) 8.38%.
The effective annual rate (EAR) represents the actual annual interest rate, taking into account the effects of compounding. To calculate the EAR of 8% compounded monthly, we need to use the formula:
EAR = (1 + (APR/n))^n - 1
where APR is the annual percentage rate and n is the number of compounding periods per year.
In this case, the APR is 8% and the compounding is monthly, so n = 12.
EAR = (1 + (8%/12))^12 - 1
Let's calculate this:
EAR = (1 + (0.08/12))^12 - 1
≈ (1.0066667)^12 - 1
≈ 1.0838 - 1
≈ 0.0838
Therefore, the EAR of 8% compounded monthly is approximately 8.38% (option b).
This means that if you invest money with an 8% interest rate compounded monthly, your effective annual interest rate would be 8.38%.
This higher rate is due to the compounding effect, where interest is added to the initial investment and then earns additional interest over time.
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of $25 per unit. Total foxed costs for the company are $1,394. Model Industries fypically sells five Basic models for every Deluxe model. What is the breakeven point for Basio modeis and Detuxe modess? (Round any insermedary calculations to the nearest cent and your final answers to the nearest whole unit)
A. 11 units of Basic; 57 units of Deluxe
B. 32 units of Basic, 48 units of Deluxe
C. 57 units of Baric; 11 unith of Deluxe
D. 48 units of Basia; 32 units of Dotuxe
The breakeven point for Basic models is approximately 46 units, and the breakeven point for Deluxe models is approximately 9 units, hence option is d.
To find the breakeven point for Basic and Deluxe models, we need to calculate the number of units for each model at which the company's revenue equals its total costs.
Let's denote the number of Basic models as x and the number of Deluxe models as y.
Given:
Selling price of Basic model = $25
Total fixed costs = $1,394
Number of Basic models sold for every Deluxe model sold = 5:1
Step 1: Calculate the revenue from Basic models
Revenue from Basic models = Selling price * Number of Basic models
Revenue from Basic models = $25 * x
Step 2: Calculate the revenue from Deluxe models
Revenue from Deluxe models = Selling price * Number of Deluxe models
Revenue from Deluxe models = $25 * y
Step 3: Calculate the total revenue
Total revenue = Revenue from Basic models + Revenue from Deluxe models
Total revenue = $25 * x + $25 * y
Step 4: Calculate the total cost
Total cost = Total fixed costs
Step 5: Set up the breakeven equation
Total revenue = Total cost
$25 * x + $25 * y = $1,394
Step 6: Use the ratio of Basic to Deluxe models
Since the company sells five Basic models for every Deluxe model, we can write the equation:
x = 5y
Step 7: Substitute x from the ratio into the breakeven equation
$25 * (5y) + $25 * y = $1,394
125y + 25y = 1,394
150y = 1,394
y ≈ 9.29
Step 8: Calculate the number of Basic models using the ratio
x = 5y
x = 5 * 9.29
x ≈ 46.45
Since the number of units must be a whole number, we round x and y to the nearest whole unit.
Therefore, the breakeven point for Basic models is approximately 46 units, and the breakeven point for Deluxe models is approximately 9 units.
So, the correct answer is D. 48 units of Basic and 32 units of Deluxe.
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Training is critical to employees and should be tailored to the needs of different employees. In the case of WONDERPOOL, discuss three (3) training methods and three (3) training topics each for the supervisors and lifeguards. (30 marks)
Training methods and topics for supervisors at WONDERPOOL:Training methods:1. Mentoring- Mentoring is a training method that involves a supervisor working with the employee closely to improve their skills.
2. Job rotation- Job rotation involves changing job roles to expose employees to new skills and tasks.3. Coaching- Coaching is a training method that involves a supervisor guiding and supporting employees as they learn and improve.Training topics:1. Leadership- Supervisors at WONDERPOOL should be trained on how to lead their teams effectively.
2. Conflict resolution- Supervisors at WONDERPOOL should be trained on how to handle conflicts that arise in the workplace.3. Performance management- Supervisors at WONDERPOOL should be trained on how to manage employee performance effectively.
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Suppose that a warehouse is to store 31 of the 77 products (A item). 12 % of the items represent 73% of the sales and same relationship is expected to hold. A different inventory policy is maintained for different product groups If the annual volume (in cases) through the warehouse are forecast to be 7,500 cases, how much the annual volume (cases)of the A items in the warehouse can be expected?
The annual volume (cases) of the A items in the warehouse can be expected to be 5,475 cases.
The annual volume (in cases) of the A items in the warehouse can be calculated by considering the percentage of items and the sales.
First, let's find out how many A items are expected to be stored in the warehouse. We know that 31 out of 77 products are A items. To calculate this, we can use the following equation:
Number of A items = (Percentage of A items / 100) * Total number of products
Number of A items = (31 / 77) * 77 = 31
So, there will be 31 A items stored in the warehouse.
Next, we need to determine the expected annual volume (in cases) for the A items. We know that 12% of the items represent 73% of the sales. To calculate this, we can use the following equation:
Annual volume of A items = (Percentage of A items' sales / 100) * Total annual volume
Annual volume of A items = (73 / 100) * 7,500 = 5,475 cases
Therefore, the annual volume (cases) of the A items in the warehouse can be expected to be 5,475 cases.
In summary, based on the given information, the warehouse is expected to store 31 A items and the annual volume of these items can be expected to be 5,475 cases.
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give correct answer in 10 mins i will thumb up
19 20 How many of the following statements are true if K's analysis involves drawing charts of stock returns and attempting to identify patterns that indicate that the price of the stock is going to i
K's analysis involves drawing charts of stock returns and attempting to identify patterns that indicate that the price of the stock is going to increase. Two statements are true from the given statement. Let's discuss them in detail. Firstly, technical analysis is the study of past price and volume trends to forecast the future movement of stocks.
This is where K comes in with his analysis of drawing charts of stock returns and identifying patterns. This is true. The use of technical analysis can be beneficial in making investment decisions. It's one of the tools that traders and investors use to time the market. It is a tool that is based on the premise that past price and volume trends are good indicators of future price trends.Secondly, technical analysis is not a foolproof way of predicting future prices.
There is no single method or tool for trading and investing in the stock market. So, this statement is also true. Conclusively, two statements are true if K's analysis involves drawing charts of stock returns and attempting to identify patterns that indicate that the price of the stock is going to increase.
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