A marketing plan is an important aspect of an organization's overall strategy. To construct a successful marketing plan for a specific area within your responsibility, you should first identify the measures for evaluating the success of the plan. These measures could include metrics such as sales volume, customer satisfaction, and brand awareness.
Next, it is important to consider the process that is required in order to secure approval within your organization. This could involve presenting the marketing plan to key stakeholders, such as senior management, and incorporating their feedback into the plan.
Finally, it is important to consider how the marketing plan supports the organization's strategic objectives. This could involve identifying the key target markets for the organization and developing marketing strategies that align with these target markets.
Overall, a successful marketing plan requires careful consideration of the measures for evaluating success, the process for securing approval within the organization, and the ways in which the plan supports the organization's strategic objectives.
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Question 1 of 27 1 Point Cost structure Select the correct response: a. refers to the relative proportion of fixed versus variable costs that a company incurs. b. generally has little impact on profitability. c. refers to the relative proportion of operating versus nonoperating costs that a company incurs. d. cannot be significantly changed by companies.
A Point Cost structure refers to the relative proportion of fixed versus variable costs that a company incurs. The Option A is correct.
What does Point Cost structure means?Point cost structure refers to a pricing model used by businesses to determine the cost of their products or services based on individual units or points. In this model, each unit or point is assigned a cost, which is determined by the business based on various factors such as production costs, overhead expenses, and profit margins.
It is commonly used in industries such as online gaming, where players purchase points to access various features or benefits within the game. It allows businesses to offer flexible pricing options to customers while also ensuring profitability by controlling costs and maximizing revenue. In overall, it is a valuable tool for businesses to determine their pricing strategies and to optimize their profitability in a competitive market.
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Identify the three ways in which Mary Parker Follett believed managers typically deal with conflict.
a. Coercion, mediation, and integration
b. Domination, compromise, and integration
c. Administration, coercion, and negotiation
d. Facilitation, mediation, and coercion
e. Accommodation, mediation, and coercion
According to Mary Parker Follett, the three ways in which managers typically deal with conflict are: domination, compromise, and integration. Therefore, the correct answer is option b. Domination, compromise, and integration.
Domination is when one party imposes their solution on the other party. Compromise is when both parties give up something in order to reach a solution. Integration is when both parties work together to come up with a solution that meets the needs of both parties. In conclusion, the three ways in which Mary Parker Follett believed managers typically deal with conflict are domination, compromise, and integration.
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Your company has arranged a revolving credit agreement for up to$65million at an interest rate of1.34percent per quarter. The agreement also requires your company to maintain a compensating balance of 3 percent of the unused portion of the credit line, to be deposited in a non-interest bearing account. Your company's short-term investment account at the same bank pays an interest rate of 48 per quarter. What is the effective annual interest rate if your company does not use the revolving credit arrangement during the year?
The effective annual interest rate if your company does not use the revolving credit arrangement during the year is 0%.
To calculate the effective annual interest rate, we need to take into account the interest rate, the compensating balance requirement, and the interest earned on the short-term investment account. Since the company does not use the revolving credit agreement during the year, there is no interest charged on the credit line and no compensating balance requirement. Additionally, the interest earned on the short-term investment account is not relevant to the calculation of the effective annual interest rate for the revolving credit agreement.
Therefore, the effective annual interest rate is 0% because there is no interest charged or earned on the revolving credit agreement.
It is important to note that the revolving credit agreement, also known as a Credit agreement , is a type of loan that allows a company to borrow money up to a certain amount, and only pay interest on the amount borrowed. The compensating balance requirement is a common feature of revolving credit agreements, and requires the borrower to maintain a certain amount of money in a non-interest bearing account as a condition of the loan.
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Procter & Gamble (P&G) is the world’s largest consumer products company. Some of its category-defining brands include Ivory soap, Tide detergent, Crest toothpaste, and Pampers diapers. Among its many offerings, P&G has more than 20 consumer brands in its lineup that achieve over 66.8 billion dollars or three (3) trillion pesos in 2018. P&G’s iconic brands are a result of a clearly formulated and effectively implemented company strategy. The company pursues a strategy which attempts to create higher perceived value for its customers than its competitors by delivering products with unique features and attributes. Creating higher perceived value generally goes along with higher product costs due to greater innovation efforts and promotion expenses, among other things. Successful differentiators are able to command a premium price for their products, but they must also control their costs. In addition, the company was able to achieve its market leader position through its top management commitment that collaborates even with the lower-level managers in the company.
In recent years, however, P&G’s strategic position has weakened considerably and seems to be losing rather than winning. P&G lost market share in key "product-country combinations," including beauty in the United States and oral care in China, amid an overall lackluster performance in many emerging economies. As a consequence, profits have declined. P&G posted a sustained competitive advantage in recent years; its stock market valuation has fallen, while its competitors Unilever, Colgate-Palmolive, and Kimberly-Clark posted strong gains. Many wonders when P&G will play to win again.
Answer the following questions: (3 items x 10 points)
1. Which phase in the evolution of strategic management is present in the given case?
2. Which type of strategy is being employed by P&G based on the given case study?
3. How will P&G regain its market position based on the concept of competitive advantage?
1. The phase in the evolution of strategic management present in the given case is the differentiation phase.
2. The type of strategy being employed by P&G based on the given case study is a differentiation strategy.
3. P&G can regain its market position based on the concept of competitive advantage by focusing on innovation and differentiation.
P&G is attempting to create higher perceived value for its customers than its competitors by delivering products with unique features and attributes. This is a key aspect of the differentiation phase, as it involves creating products or services that are perceived as unique and valuable by customers.
This is evident from the company's focus on creating higher perceived value for its customers through unique features and attributes, as well as its efforts to control costs in order to maintain a competitive advantage.
This could involve investing in research and development to create new products or features that are unique and valuable to customers, as well as finding ways to reduce costs in order to maintain a competitive advantage.
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Item Prior year Current year
Accounts payable 8,154.00 7,840.00
Accounts receivable 6,080.00 6,682.00
Accruals 969.00 1,537.00
Cash ??? ???
Common Stock 11,321.00 11,897.00
COGS 12,718.00 18,031.00
Current portion long-term debt 4,973.00 4,915.00
Depreciation expense 2,500 2,804.00
Interest expense 733 417
Inventories 4,262.00 4,793.00
Long-term debt 14,270.00 14,644.00
Net fixed assets 50,181.00 54,581.00
Notes payable 4,341.00 9,988.00
Operating expenses (excl. depr.) 13,977 18,172
Retained earnings 28,382.00 29,271.00
Sales 35,119 45,303.00
Taxes 2,084 2,775
What is the firm's dividend payment in the current year?
The dividend payment in the current year can be calculated by using the formula:
Dividend Payment = Beginning Retained Earnings + Net Income - Ending Retained Earnings
First, we need to calculate the net income for the current year. We can do this by using the formula:
Net Income = Sales - COGS - Operating Expenses - Depreciation Expense - Interest Expense - Taxes
Plugging in the values from the table, we get:
Net Income = 45,303.00 - 18,031.00 - 18,172.00 - 2,804.00 - 417.00 - 2,775.00 = 3,104.00
Now we can plug in the values for beginning retained earnings, net income, and ending retained earnings into the formula for dividend payment:
Dividend Payment = 28,382.00 + 3,104.00 - 29,271.00 = 2,215.00
Therefore, the firm's dividend payment in the current year is $2,215.00.
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a) Prepare an unadjusted trial balance at July 31, 2014. HINT: Where do you get the information needed to prepare the unadjusted trial balance? Apex Consulting Corp Unadjusted Trial Balance July 31, 2014 Debit Credit Totals b) What is the next step in the accounting cycle? O Prepare a post-closing trial balance
O This is the last step O Prepare financial statements O Prepare adjusting entries O Prepare an adjusted trial balance O Post transactions O Analyze and journalize transactions O Prepare closing entries
a) The unadjusted trial balance is prepared using the information from the general ledger. The general ledger contains a list of all the accounts and their balances.
The unadjusted trial balance lists all the accounts in the general ledger, along with their balances, in a specific order. The debit balances are listed in the left column, and the credit balances are listed in the right column. The total of the debit balances should equal the total of the credit balances.
Here is the unadjusted trial balance for Apex Consulting Corp at July 31, 2014:
Apex Consulting Corp
Unadjusted Trial Balance
July 31, 2014
Debit Credit
Cash $10,000
Accounts Receivable 5,000
Supplies 2,000
Prepaid Insurance 3,000
Equipment 20,000
Accounts Payable $7,000
Unearned Service Revenue 4,000
Common Stock 10,000
Retained Earnings 14,000
Service Revenue 5,000
Totals $40,000 $40,000
b) The next step in the accounting cycle is to prepare adjusting entries.
Explanation:
Adjusting entries are made at the end of the accounting period to update the accounts for items that have not been recorded or have been recorded incorrectly. These entries are necessary to ensure that the financial statements are accurate and complete.
Once the adjusting entries have been made, an adjusted trial balance is prepared to ensure that the debits and credits are still equal. After the adjusted trial balance is prepared, the financial statements can be prepared, followed by the closing entries and the post-closing trial balance.
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Draft an executive summary listing the recommendations for futureproofing the company’s processes, structures, and culture of innovation.Address the following criteria in the executive summary:Discuss recommendations for organizational changes to support continuous innovation (you can use your suggestions from the project).How would you make innovation a part of the company’s values and culture permanently?What specific organizational structures and processes would you recommend?Share your reflections on potential roadblocks to making the company more innovative.Where would you expect to find organizational resistance?How would you overcome this resistance?
An executive summary is a brief overview of a report or proposal that provides a concise summary of the main points and recommendations. The purpose of an executive summary is to provide a quick and easy way for busy executives to understand the key points and recommendations of a report or proposal.
Recommendations for futureproofing the company's processes, structures, and culture of innovation include:
Implementing a continuous improvement program that encourages employees to constantly look for ways to improve processes and structures.Creating a culture of innovation by encouraging employees to take risks and try new things.Establishing a dedicated innovation team to focus on identifying and implementing new ideas.Providing training and development opportunities for employees to develop their innovation skills.Creating a system for tracking and measuring innovation success.In order to make innovation a permanent part of the company's values and culture, it is important to communicate the importance of innovation to all employees and to provide incentives for innovative behavior. This can be done through recognition programs, rewards, and training and development opportunities.
Specific organizational structures and processes that can support innovation include a dedicated innovation team, a system for tracking and measuring innovation success, and a process for reviewing and implementing new ideas.
Potential roadblocks to making the company more innovative include resistance from employees who are used to doing things a certain way and a lack of support from senior leadership. To overcome these challenges, it is important to communicate the importance of innovation and to provide incentives for innovative behavior. It is also important to involve employees in the innovation process and to provide training and development opportunities to help them develop their innovation skills.
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All these statements are True except:
A. The difference between operating return on asset and the effective interest rate after tax is called the spread.
B. To compute the quick ratio, trade receivables are not included in current assets.
C. The return on operating asset is the product of the net operating profit margin and the operating asset turnover.
D. The asset Turnover is Total assets divided by equity Current ratios indicate short term debt paying ability of a firm.
The statement that is not true is D. The asset turnover is not calculated by dividing total assets by equity. The asset turnover is calculated by dividing sales by average total assets. Therefore, the correct answer is D.
Here is the correct definition of each term:
A. The spread is the difference between the operating return on asset and the effective interest rate after tax.
B. The quick ratio is calculated by subtracting inventories from current assets and then dividing by current liabilities. Trade receivables are included in current assets.
C. The return on operating asset is the product of the net operating profit margin and the operating asset turnover.
D. The asset turnover is calculated by dividing sales by average total assets. It is a measure of how efficiently a company is using its assets to generate sales.
So the correct answer is D. The asset Turnover is not calculated by dividing total assets by equity.
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The Mar Ltd has forecast the following sales for the first seven months of the year.
January
February
March
April
May
June
July
$13,000
$15,000
$17,000
$23,000
$13,000
$19,000
$21,000
Monthly material purchases are set equal to 35 percent of forecasted sales for the next month. Of the total material costs, 40 percent are paid in the month of purchase and 55 percent are paid in the following month.
Labour costs will run $4,600 per month, and fixed overhead is $2,300 per month. Interest payments on the debt will be $1,200 for both March and June.
Finally, the Mar Ltd sales people will receive a 2.5% commission on total sales for the first six months of the year, to be paid on June 30.
Required:
Prepare a month summary of cash payments for the six months from January through June.
Suggested format (i.e. optional)
January:
Material costs: 35% of $13,000 = $4,550, 40% of which is paid in January = $1,820.
Labour costs: $4,600
Fixed overhead: $2,300
Total Cash Payments: $8,720
February:
Material costs: 35% of $15,000 = $5,250, 40% of which is paid in February = $2,100, and 55% of which is carried over from January = $2,425.
Labour costs: $4,600
Fixed overhead: $2,300
Total Cash Payments: $9,425
March:
Material costs: 35% of $17,000 = $5,950, 40% of which is paid in March = $2,380, and 55% of which is carried over from February = $3,270.
Labour costs: $4,600
Fixed overhead: $2,300
Interest payments: $1,200
Total Cash Payments: $13,450
April:
Material costs: 35% of $23,000 = $8,050, 40% of which is paid in April = $3,220, and 55% of which is carried over from March = $4,430.
Labour costs: $4,600
Fixed overhead: $2,300
Total Cash Payments: $10,150
May:
Material costs: 35% of $13,000 = $4,550, 40% of which is paid in May = $1,820, and 55% of which is carried over from April = $2,730.
Labour costs: $4,600
Fixed overhead: $2,300
Total Cash Payments: $9,350
June:
Material costs: 35% of $19,000 = $6,650, 40% of which is paid in June = $2,660, and 55% of which is carried over from May = $3,675.
Labour costs: $4,600
Fixed overhead: $2,300
Interest payments: $1,200
Sales commission: 2.5% of $90,000 = $2,250
Total Cash Payments: $15,885
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The best example of local adaption is what?
The ability of a company to adapt its products and services to local markets
The ability of a company to maintain consistent quality across its global operations
The ability of a company to tailor its marketing messages to a global audience
The ability of a company to standardize its operations and processes worldwide
The best example of local adaptation is the ability of a company to adapt its products and services to local markets. Option A
What is Local adaptation?Local adaptation refers to the process of modifying products, services, or marketing strategies to meet the specific needs and preferences of consumers in different regions or countries. This involves taking into account the local culture, language, social norms, regulations, and other factors that can affect how products and services are perceived and used by local customers.
The best example of local adaptation is the ability of a company to adapt its products and services to local markets. Local adaptation involves modifying products and services to meet the specific needs and preferences of consumers in different regions or countries.
This may include adjusting the features, packaging, branding, pricing, or distribution of products and services to better match local market conditions. By doing so, companies can improve their competitiveness and increase their chances of success in different markets around the world.
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Briefly explain about marketing campaigns/advertisements (TVCommercial or print ad) which influenced you as achild. Do you think this ad will have an impact on the currentgeneration, explain why?
Advertising campaigns and advertisements are a powerful way of influencing people. As a child, I was impacted by television commercials and print ads that featured interesting characters or storylines.
Advertising campaigns and advertisements are a powerful way of influencing people. These campaigns had an impact on my values and beliefs, and likely had a similar effect on others.
Today, many of the same strategies are used in marketing campaigns. However, the current generation is also exposed to more interactive digital media, which can be even more influential. Through digital media, companies are able to capture the attention of younger generations and target their messages to different demographics.
As a result, modern marketing campaigns have the potential to have a great impact on the current generation.
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Discuss the Sarbanes-Oxley Act and its effect and challenges to
business as a whole.
The Sarbanes-Oxley Act (SOX) is a law that was enacted in 2002 in response to a series of corporate scandals, including the collapse of Enron and WorldCom. The goal of the act is to increase corporate accountability and prevent fraud by requiring companies to adhere to stricter financial reporting and auditing standards.
One of the main effects of the Sarbanes-Oxley Act on businesses is that it requires companies to implement internal controls to ensure the accuracy of their financial reporting. This includes creating an independent audit committee, hiring an external auditor, and implementing controls to prevent fraud and detect errors. The act also requires CEOs and CFOs to personally certify the accuracy of their company's financial statements.
While the Sarbanes-Oxley Act has helped to increase corporate accountability and prevent fraud, it has also created some challenges for businesses. One of the biggest challenges is the cost of compliance, which can be particularly burdensome for smaller companies. The act also imposes strict penalties for non-compliance, which can create a fear of legal liability for executives and board members.
Overall, the Sarbanes-Oxley Act has had a significant impact on businesses, helping to increase corporate accountability and prevent fraud. However, it has also created some challenges, including the cost of compliance and the fear of legal liability.
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Security A will pay 5 in outcome 1, 7 in outcome 2, and 9 in outcome 3. Security B will pay 2 in outcome 1, 4 in outcome 2, and 8 in outcome 3. Security C will pay 9 in outcome 1, 1 in outcome 2, and 3 in outcome 3. Both securities A and C currently sell for $5 and security B currently sells for $3. What would be the value of security D, which will pay 1 in each of the three outcomes?
The value of security D can be determined by finding the weighted average of the values of securities A, B, and C. The value of security D is $16.
The weighted average is calculated by multiplying each security's value by its probability of occurring and then summing the results. Since each outcome has an equal probability of occurring, the weighted average will be the average of the values of the three securities.
The value of security D can be calculated as follows:
Value of security D = (1/3) * (5 + 7 + 9) + (1/3) * (2 + 4 + 8) + (1/3) * (9 + 1 + 3)
Value of security D = (1/3) * 21 + (1/3) * 14 + (1/3) * 13
Value of security D = 7 + 4.67 + 4.33
Value of security D = $16
Therefore, the value of security D is $16.
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Steven needs $180,000 in 10 years for his daughter's education.
If he can earn 6.5% per year, how much does he need to invest
today?
Steven needs to invest $97,062.50 today in order to have $180,000 in 10 years for his daughter's education with an annual interest rate of 6.5%.
To find out how much Steven needs to invest today in order to have $180,000 in 10 years with an annual interest rate of 6.5%, we can use the formula for the future value of an annuity:
FV = PV * (1 + r) ^ n
Where FV is the future value, PV is the present value, r is the annual interest rate, and n is the number of years.
Rearranging the formula to solve for PV:
PV = FV / (1 + r) ^ n
Plugging in the values from the question:
PV = 180,000 / (1 + 0.065) ^ 10
PV = 180,000 / 1.8545
PV = 97,062.50
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Bennet and Bennet a leading and trusted name in FMCG was established in the Indian markets in 1930. Since then, it has been catering to its clients with beauty products, health and wellness products, and baby products. The company is however experiencing a continuous decline in the profit margins for the last 5 years. Annie Bennet, the heir to Bennets’ Business has recently joined the family business after achieving an MBA from one of the prestigious institutes. She has been updated with the present condition of the business. After making a careful study she has come to the conclusion that one of the leading factors for loss of clients is that Bennets have not adapted themselves to the changing marketing and communication strategies. The pervasiveness of online shopping sites have given the customers the comfort of shopping from their homes. As a business graduate in Digital Marketing, she immediately resorts to online marketing and communication strategies for better visibility and branding of Bennet & Bennet. Within a year the store shows a significant rise in profit and also has succeeded in restoring their old customers.a. With the fast-changing scenario of using mobile technology for business communication how must Annie have changed her communication strategies/techniques with her clients?b. One of the strategies used by Annie for brand visibility and better communication with clients, is the development of a website. What should she keep in mind in order to design a successful website for Bennet and Bennet?
a. With the fast-changing scenario of using mobile technology for business communication, Annie must have changed her communication strategies/techniques with her clients by adopting a more mobile-friendly approach.
This includes creating a mobile app for the business, optimizing the website for mobile use, using social media platforms to reach out to customers, and implementing mobile marketing campaigns such as SMS marketing and push notifications. By doing so, she can effectively communicate with her clients and provide them with the convenience and accessibility they need in the modern business landscape.
b. When designing a successful website for Bennet and Bennet, Annie should keep the following factors in mind:
- User-friendliness: The website should be easy to navigate and use for the customers.
- Responsiveness: The website should be responsive and should adapt to different screen sizes and devices.
- Visual appeal: The website should have a visually appealing design that reflects the brand's image and identity.
- Quality content: The website should provide valuable and relevant information to the customers.
- Call to action: The website should have clear and compelling call-to-action buttons that encourage the customers to take action.
- Search engine optimization: The website should be optimized for search engines to ensure better visibility and higher rankings on search engine results pages.
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Risk attitude establishes the upper limit on the amount of acceptable risk.
TRUE or FALSE
Risk Perception determines how much risk a client can afford to take, or needs to take, to achieve goals.
TRUE or FALSE
Risk attitude establishes the upper limit on the amount of acceptable risk. The given statement is true.
Risk Perception determines how much risk a client can afford to take, or needs to take, to achieve goals. This statement is false.
Risk attitude does establish the upper limit on the amount of acceptable risk for an individual or organization. It is a measure of how much risk someone is willing to accept in pursuit of their goals.
Risk perception is not the same as risk tolerance. Risk perception is a subjective evaluation of the likelihood and potential impact of a risk, whereas risk tolerance is the amount of risk that an individual or organization is willing to accept in pursuit of their goals. Risk tolerance is a more objective measure and is typically determined through a risk assessment process.
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Equinor and Telia decide to swap $1 million loans. Equinor currently pays 4.0% fixed and Telia pays 3.5% on a LIBOR + 1.5% loan. What is the net cash flow for Telia if they swap their floating loan for a fixed 4% loan and LIBOR rises to 2.75%?
The net cash flow for Telia would be $2,500. This is calculated by comparing the difference in interest payments before and after the swap.
Before the swap, Telia's interest payment was 3.5% on a $1 million loan, which is $35,000. After the swap, Telia's interest payment is 4% on a $1 million loan, which is $40,000. The difference between these two amounts is $5,000.
However, since LIBOR rose to 2.75%, Telia's original loan would have had an interest payment of 2.75% + 1.5% = 4.25% on a $1 million loan, which is $42,500. The difference between this amount and the new interest payment of $40,000 is $2,500.
Therefore, the net cash flow for Telia is $2,500. This is the amount they saved by swapping their floating loan for a fixed 4% loan.
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One of the final steps in terminating a partnership is the distribution of remaining assets to the partners after all obligations have been met. What is the basis for distributing any remaining assets/cash among the partners? How would loans from partners affect the distribution of partnership assets?
The basis for distributing any remaining assets/cash among the partners is the partnership agreement. The partnership agreement outlines the terms and conditions for the distribution of assets and profits among the partners. It is a legally binding document that all partners must adhere to.
In the event that there are loans from partners, these loans must be repaid before the distribution of any remaining assets/cash can take place. Loans from partners are considered liabilities and must be paid off before the distribution of assets can occur. Once all loans and other liabilities have been paid, the remaining assets/cash can be distributed among the partners according to the terms outlined in the partnership agreement.
In summary, the distribution of remaining assets/cash among partners is based on the partnership agreement and loans from partners must be repaid before any distribution can occur.
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Jamaliah receives an invoice for the purchase of 40 batteries for RM 8,440 on 31 March 2021. Trade discounts are 5 % and 3 % and the cash discount terms are 8/10, 5/30, n/60. She pays the invoice on 19 April 2021. She plans to sell the batteries by allowing 10 % of the cost for operating expenses and 28 % of the selling price for gross profit. (a) Find the payment on 19 April 2021.(b) Find the selling price and the net profit for each battery.(c) After two months, Jamaliah manages to sell 30 batteries. The remaining 10 batteries are sold by allowing 10 % markdown. Calculate the total sales made by Jamaliah if all the batteries are sold.
(a) The payment on 19 April 2021 after trade discounts and cash discounts are applied is RM 7,376.56. (b) The selling price and net profit for each battery is RM 281.74 and RM 78.89 respectively. (c) If all the batteries are sold, the total sales made is RM 10,987.90.
(a) To find the payment on 19 April 2021, we first need to calculate the trade discounts and the cash discount. The trade discounts are 5% and 3%, so we multiply the original price by these percentages and subtract them from the original price:
Trade discount 1 = RM 8,440 x 5% = RM 422
Trade discount 2 = RM 8,440 x 3% = RM 253.20
Total trade discount = RM 422 + RM 253.20 = RM 675.20
Price after trade discount = RM 8,440 - RM 675.20 = RM 7,764.80
Next, we calculate the cash discount. Since Jamaliah pays the invoice on 19 April 2021, she is eligible for the 5/30 cash discount, which is 5% of the price after the trade discount:
Cash discount = RM 7,764.80 x 5% = RM 388.24
Price after cash discount = RM 7,764.80 - RM 388.24 = RM 7,376.56
Therefore, the payment on 19 April 2021 is RM 7,376.56.
(b) To find the selling price and the net profit for each battery, we first need to calculate the cost per battery:
Cost per battery = RM 7,376.56 / 40 = RM 184.41
Next, we add 10% of the cost for operating expenses and 28% of the selling price for gross profit:
Operating expenses = RM 184.41 x 10% = RM 18.44
Gross profit = Selling price x 28%
Selling price = (RM 184.41 + RM 18.44 + Gross profit) / (1 - 28%)
Selling price = RM 202.85 / 0.72
Selling price = RM 281.74
Therefore, the selling price for each battery is RM 281.74 and the net profit for each battery is RM 281.74 - RM 184.41 - RM 18.44 = RM 78.89.
(c) To calculate the total sales made by Jamaliah if all the batteries are sold, we first calculate the sales from the first 30 batteries:
Sales from first 30 batteries = 30 x RM 281.74 = RM 8,452.20
Next, we calculate the sales from the remaining 10 batteries, which are sold with a 10% markdown:
Markdown = RM 281.74 x 10% = RM 28.17
Selling price after markdown = RM 281.74 - RM 28.17 = RM 253.57
Sales from remaining 10 batteries = 10 x RM 253.57 = RM 2,535.70
Total sales = RM 8,452.20 + RM 2,535.70 = RM 10,987.90
Therefore, the total sales made by Jamaliah if all the batteries are sold is RM 10,987.90.
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Match each of the following statements to the type of economic system that it
Record your responses in the spaces provided.
characterizes.
Types of economic system: (1). Traditional economy - ritual, habitat, or custom. (2). Economic system - Allocation of resources. (3). Command economy - central authority (4). Market economy - demand and supply
What is economy?The performance through which a country or location organizes its medium of exchange, commercial enterprise, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector, financial and agriculture sector.
Types of economic system:
Traditional economy - system in which economic activity is the result of ritual, habitat, or custom.
Market economy - system in which economic activity is driven by supply, demand, and the price system.
Economic system - efficient way of allocating resources and producing and distributing goods and services in a society.
Command economy - economic system in which a central authority makes the major economic decisions.
As a result, the conclusion of the economic system as the fill of space are the aforementioned.
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Your question is incomplete, but most probably the full question was.
Match each of the following statements to the type of economic system that it characterizes. Record your responses in the spaces provided.
______system in which economic activity is the result of ritual, habitat, or custom.
______system in which economic activity is driven by supply, demand, and the price system.
_______efficient way of allocating resources and producing and distributing goods and services in a society.
________economic system in which a central authority makes the major economic decisions.
Traditional economyEconomic systemCommand economyMarket economy(a) Why are current account and capital account so important to measure a country’s international economic position? Which account is more important? Why?Discuss some of the major non-tariff barriers Bangladeshi marketers have to face while exporting to Indian market.
Current account and capital account are important to measure a country’s international economic position because they provide information about a country’s income from abroad, its international investment, and its payments for imports and exports of goods and services.
Both accounts are important for accurately measuring a country’s international economic position; however, the current account is generally considered more important since it tracks a country’s income from foreign sources and its payments for imports and exports of goods and services.
Major non-tariff barriers that Bangladeshi marketers face while exporting to the Indian market include restrictions on imports, high quality standards and technical specifications, quota restrictions, sanitary and phytosanitary measures, government procurement policies, and high bureaucratic procedures. Other challenges include language barriers, cultural differences, a lack of awareness of the Indian market, and unequal access to information.
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Sally has $25000 in an account that earns an annual interest rate of 7% compounded monthly. What equal monthly payments can she withdraw from the account over a period ofa) 8 years? Answersb) 13 years? Answer = $
Sally has $25000 in an account that earns an annual interest rate of 7% compounded monthly. The equal monthly payments can she withdraw from the account over a period of 8 years is $243.22, for 13 years is $160.21
To find the equal monthly payments that Sally can withdraw from her account over a period of 8 years or 13 years, we need to use the formula for the future value of an annuity:
[tex]FV = PMT [(1 + r/n)^{nt} - 1] / \frac{r}{n}[/tex]
Where FV is the future value, PMT is the monthly payment, r is the annual interest rate, n is the number of compounding periods per year, and t is the number of years.
a) For 8 years:
FV = $25000
r = 0.07
n = 12
t = 8
Plugging in these values into the formula and solving for PMT, we get:
$25000 = PMT × [(1 + 0.07/12)⁹⁶- 1] / (0.07/12)
PMT = $25000 × (0.07/12) / [(1 + 0.07/12)⁹⁶- 1]
PMT = $243.22
So the equal monthly payments that Sally can withdraw from her account over a period of 8 years is $243.22.
b) For 13 years:
FV = $25000
r = 0.07
n = 12
t = 13
Plugging in these values into the formula and solving for PMT, we get:
[tex]25000 = PMT [(1 + 0.07/12)^{156} - 1] / \frac{0.07}{12}[/tex]
PMT = $25000 × (0.07/12) / [(1 + 0.07/12)¹⁵⁶ - 1]
PMT = $160.21
So the equal monthly payments that Sally can withdraw from her account over a period of 13 years is $160.21.
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Conduct up to date research on Walmart.
Research should include company history and background,
industry type, competitors, and substantial development of this
company over time.
Walmart is a multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.
Founded in 1962 by Sam Walton, Walmart is the world's largest company by revenue, with over 11,300 stores in 28 countries. Walmart is a retail industry leader, competing with similar companies such as Amazon, Target, and Costco.
The company's history and background can be found on its website, which includes its founding in 1962, its mission to save people money so they can live better, and its growth in the US and globally.
Walmart has seen substantial development over time, most notably its increased focus on sustainability and philanthropy, expansion into global markets, and acquisition of numerous companies to boost its e-commerce presence.
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Recruiting candidates can be from within or outside the organization. What is the difference between internal and external recruitment? Discuss while talking about each one’s advantages and disadvantages.
Internal recruitment is the process of hiring candidates from within an organization. This is often done by promoting existing employees who are already familiar with the company’s culture and policies. The main advantage of this method is that it saves time and money, as it eliminates the need to search for external candidates and pay for recruitment costs.
It also helps to maintain employee morale and loyalty, as it shows that the company values their employees. On the downside, it can lead to a limited pool of candidates and lack of fresh perspectives.
External recruitment is the process of hiring from outside the organization. This is often done by advertising job openings and conducting interviews with prospective candidates. The main advantage of this method is that it can offer fresh perspectives and bring in new ideas.
It also allows the company to access a larger pool of candidates and select the most qualified. The downside of this method is that it can be time consuming and expensive, as it requires the organization to pay for advertising and recruitment costs. Additionally, new employees may struggle to adjust to the company’s culture and policies.
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Cite a specific example of the application of gross profitvariance analysis. How will it help the company in its decisionmaking?
Gross profit variance analysis is a financial tool that is used to determine the difference between the actual gross profit and the budgeted gross profit. It helps companies to identify any discrepancies in their financial performance and make informed decisions to improve profitability.
One specific example of the application of gross profit variance analysis is in the retail industry. A retail company may use gross profit variance analysis to compare the actual gross profit of a particular product with the budgeted gross profit. If the actual gross profit is lower than the budgeted gross profit, the company may decide to increase the selling price of the product, decrease the cost of goods sold, or discontinue the product altogether.
By using gross profit variance analysis, the company can identify the areas of their business that are underperforming and take corrective action to improve their profitability. This helps the company to make informed decisions and achieve its financial goals.
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The Hershey Company:
Research and describe the company’s primary business activities. In addition, provide information regarding the company’s history, position within their industry, competition, recent developments, and future direction.
The Hershey Company is a leader in the U.S. chocolate and confectionery industry. The company was founded in 1894 by Milton Hershey and is headquartered in Hershey, Pennsylvania. Primary business activities include the manufacture and distribution of confectionery and chocolate products, food and beverage enhancers, snacks, and grocery products.
The Hershey Company’s position within the industry is one of leadership and innovation. In terms of competition, the company competes with large, multinational corporations such as Nestlé, Mars, and Mondelez International.
Recent developments include the acquisition of Ripple Brand Collective and its portfolio of brands in 2019, and the launch of its S’mores product line in 2020.
Looking forward, the Hershey Company is focused on continuing to drive innovation, build on its e-commerce strategy, and capitalize on new opportunities in emerging markets.
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A firm invests in a project that costs $100,000 and has the following projected net cash flows. When is payback expected? year 1 - $20,000 year 2 - $30,000 year 3 - $40,000 year 4 - $10,000 year 5 - $20,000 year 6 - $15,000 group of answer choices 7 years 5 years 3 years 4 years
7 years is the payback expected time when A firm invests in a project that costs $100,000
The payback period is the amount of time needed for an investor to break even or recover the cost of their investment. Payback periods that are longer are less appealing than those that are shorter. The payback period is calculated by dividing the investment amount by the annual cash flow. Account and fund managers utilise the payback time to determine whether to move forward with an investment. The payback period has the problem of not taking the time value of money into account.
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Biscayne’s Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows:
Standard Deluxe
Rental price per day $ 46.00 $ 54.00
Variable cost per day 18.50 23.20
Biscayne’s total fixed cost is $22,500 per month.
Required:
1. Determine Biscayne’s new break-even point in each of the following independent scenarios:
a. Product mix is 40/60.
b. Sales price increases on both models by 15 percent. (Assume a product mix of 50/50.)
c. Fixed costs increase by $3,800. (Assume a product mix of 50/50.)
d. Variable costs increase by 20 percent. (Assume a product mix of 50/50.)
The break-even point in the following independent scenarios for standard and deluxe model are a. 1,387 units and 1,039 units b. 984 units and 771 units c. 1,369 units and 1,100 units d. 1,821 units and 1,377 units respectively.
To determine Biscayne's new break-even point in each of the independent scenarios, we will use the formula:
Break-even point = Fixed costs / (Price - Variable cost).
1. a. Product mix is 40/60:
Break-even point for standard model = (22,500 / 0.4) / (46 - 18.50) = 1,387 units
Break-even point for deluxe model = (22,500 / 0.6) / (54 - 23.20) = 1,039 units
b. Sales price increases on both models by 15 percent:
New price for standard model = 46 + (46 * 0.15) = 52.90
New price for deluxe model = 54 + (54 * 0.15) = 62.10
Break-even point for standard model = (22,500 / 0.5) / (52.90 - 18.50) = 984 units
Break-even point for deluxe model = (22,500 / 0.5) / (62.10 - 23.20) = 771 units
c. Fixed costs increase by $3,800:
New fixed costs = 22,500 + 3,800 = 26,300
Break-even point for standard model = (26,300 / 0.5) / (46 - 18.50) = 1,369 units
Break-even point for deluxe model = (26,300 / 0.5) / (54 - 23.20) = 1,100 units
d. Variable costs increase by 20 percent:
New variable cost for standard model = 18.50 + (18.50 * 0.20) = 22.20
New variable cost for deluxe model = 23.20 + (23.20 * 0.20) = 27.84
Break-even point for standard model = (22,500 / 0.5) / (46 - 22.20) = 1,821 units
Break-even point for deluxe model = (22,500 / 0.5) / (54 - 27.84) = 1,377 units
Therefore, the new break-even points for each of the independent scenarios are as follows:
a. Product mix is 40/60: 1,387 units for standard model and 1,039 units for deluxe model
b. Sales price increases on both models by 15 percent: 984 units for standard model and 771 units for deluxe model
c. Fixed costs increase by $3,800: 1,369 units for standard model and 1,100 units for deluxe model
d. Variable costs increase by 20 percent: 1,821 units for standard model and 1,377 units for deluxe model
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Determine if the following statements are true or false, and provide a brief explanation to support your answer.
1. The common beliefs of a country’s citizens can affect whether or not a cryptocurrency can function as a medium of exchange in that country.
2. The decentralized nature of Bitcoin is welcomed by law enforcement agencies.
This statement- 'The common beliefs of a country’s citizens can affect whether or not a cryptocurrency can function as a medium of exchange in that country.' is true. This statement-'The decentralized nature of Bitcoin is welcomed by law enforcement agencies.' is false.
The common beliefs of a country's citizens can indeed affect whether or not a cryptocurrency can function as a medium of exchange in that country. This is because if the majority of the population does not trust or believe in the value of the cryptocurrency, they will be less likely to accept it as a form of payment, making it difficult for it to function as a medium of exchange.
The decentralized nature of Bitcoin is not generally welcomed by law enforcement agencies. This is because the decentralized nature of Bitcoin makes it more difficult for law enforcement agencies to track and regulate transactions, which can make it easier for illegal activities to occur.
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You have just purchased a car and taken out a
$43,000
loan. The loan has a five-year term with monthly payments and an APR of
6.3%.
a. How much will you pay in interest, and how much will you pay in principal, during the first month, second month, and first year? (Hint: Compute the loan balance after one month, two months, and one year.)
b. How much will you pay in interest, and how much will you pay in principal, during the fourth year (i.e., between three and four years from now)?
(Note: Be careful not to round any intermediate steps less than six decimal places.)
a. interest and principal paid in the first month is 226.08 and 605.79
interest and principal paid in the second month are 224.59 and 607.28
interest and principal paid in the first year are 2712.96 and 7273.48
b. The total interest paid in the fourth year is $1812.58 and the total principal paid is $8174.86.
a. To answer this question, we will need to use the amortization formula:
Monthly payment = (P * r) / (1 - (1 + r)^(-n))
Where P is the principal amount, r is the monthly interest rate, and n is the number of monthly payments.
Monthly payment = (43000 * 0.063/12) / (1 - (1 + 0.063/12)^(-5*12)) = 831.87
To find the interest and principal paid in the first month, we will use the following formulas:
Interest = P * r
Principal = Monthly Payment - Interest
For the first month:
Interest = 43000 * 0.063/12 = 226.08
Principal = 831.87 - 226.08 = 605.79
For the second month:
Interest = (43000 - 605.79) * 0.063/12 = 224.59
Principal = 831.87 - 224.59 = 607.28
For the first year:
Interest = (43000 * 0.063/12) * 12 = 2712.96
Principal = (831.87 * 12) - 2712.96 = 7273.48
b. To find the interest and principal paid in the fourth year, we will first need to find the loan balance at the end of the third year:
Loan balance = 43000 - (605.79 + 607.28 + ... + 7273.48) = 28752.05
Then we will use the same formulas as before to find the interest and principal paid in the fourth year:
Interest = (28752.05 * 0.063/12) * 12 = 1812.58
Principal = (831.87 * 12) - 1812.58 = 8174.86
So the total interest paid in the fourth year is $1812.58 and the total principal paid is $8174.86.
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