Section B, case study - Answer all the following two (2) questions, Q 5 and Q6. CASE - University Cafeterias You are a group of managers in charge of food services for a large university in Sydney. Recently, a survey of students, faculty, and staff was conducted to evaluate customer satisfaction with the food services provided by the university's eight cafeterias. The results were disappointing. Complaints ranged from dissatisfaction with the type and range of meals and snacks provided, operating hours, and food temperature to frustration about unresponsiveness to current concerns about healthful diets and the needs of vegetarians. You have decided to form a cross-functional team that will further evaluate reactions to the food services and will develop a proposal for changes to be made to increase customer satisfaction. A cross-functional team is a workgroup made up of employees from different functional areas within an organization who collaborate to reach a stated objective. Indicate who should be on this important cross-functional team and explain why. Describe the goals the team should strive to achieve.

The incorrect statements are as follows:

1) Objectives should derive from tactics.

2) The marketing concept is focused on maximizing short-term sales.

3) Firms that embrace the TQM philosophy are engaged in the sales orientation stage of marketing management.

4) Tactics should not enter into any discussion about strategic alternatives.

1) Objectives should not derive from tactics. Objectives should drive the selection of tactics, as they provide a clear direction and purpose for the organization's actions. Tactics are the specific actions and activities implemented to achieve the objectives.

2) The marketing concept is not focused on maximizing short-term sales. Instead, it emphasizes understanding and meeting customer needs effectively and efficiently to achieve long-term success. It involves building customer relationships, delivering value, and satisfying customer wants and desires.

3) Firms that embrace the Total Quality Management (TQM) philosophy are not engaged in the sales orientation stage of marketing management. TQM focuses on continuous improvement, quality, and customer satisfaction, which aligns with the marketing concept. The sales orientation stage, on the other hand, places more emphasis on aggressive sales techniques and generating immediate sales.

4) Tactics should enter into discussions about strategic alternatives. Tactics are the means through which strategies are executed. Considering tactical options and their alignment with the overall strategy is important to ensure effective implementation and achievement of strategic goals. Neglecting the alignment between tactics and strategy can lead to inefficiencies and ineffective execution of the organization's plans.

learn more about techniques click here;

https://brainly.com/question/31591173

#SPJ11

"Late-night employees working in a 24-hour store often earn more than similar employees who work the day shift. What explains this difference in pay?" is compensating differential.

The compensating differential is a concept in labor economics that refers to the additional pay that individuals receive to compensate them for the challenges or undesirable aspects of a job, such as working the night shift, working in dangerous conditions, or working in an isolated location.

Occupational crowding is when members of certain groups are concentrated in particular occupations. This can result in pay discrimination because employers may view the job as being less valuable if it is dominated by a particular group of workers. However, occupational crowding is not the main answer to this question.

Human capital theory suggests that individuals invest in their education and training to increase their productivity and earn higher wages. This may explain why some individuals earn more than others because they have invested more in their education and training, making them more productive employees.

Binding arbitration is a process by which an impartial third party is appointed to resolve a dispute between two parties. This is not related to the question of why late-night employees earn more.

A life-cycle wage pattern refers to the idea that workers typically earn more as they gain experience and move up the career ladder. This is not the main answer to the question.

In conclusion, the main answer to the question, "Late-night employees working in a 24-hour store often earn more than similar employees who work the day shift. What explains this difference in pay?" is compensating differential.

Learn more about Occupational crowding: https://brainly.com/question/30063442

#SPJ11

1. True: XYZ Corp. likely made the decision to close the production plant in Thailand and move production to Mexico after estimating the total landed cost of the two alternative offshoring options.

When a company decides to close a production plant in one location and move production to another, one of the key factors influencing this decision is the estimation of total landed cost. Total landed cost refers to the sum of all costs associated with manufacturing and delivering a product to its final destination.

It includes various elements such as manufacturing costs, transportation costs, tariffs, taxes, customs duties, and other expenses. By estimating the total landed cost for different offshoring options, XYZ Corp. can evaluate the financial implications of the decision and determine which location offers a more cost-effective solution.

2. True: Total landed cost can include the cost associated with foreign currency exchange, such as the conversion of Chinese Yuan to U.S. dollars.

Foreign currency exchange is an important consideration in total landed cost calculations. When a company operates in multiple countries or engages in international trade, it may encounter currency conversion costs. These costs arise when the company needs to convert one currency to another for transactions, such as converting Chinese Yuan to U.S. dollars.

Fluctuations in exchange rates can impact the cost of materials, labor, and other expenses, which in turn affects the total landed cost. By factoring in the currency exchange costs, companies can have a more accurate assessment of the overall financial implications of their global operations.

Learn more about total landed cost here:

https://brainly.com/question/28480417

#SPJ11

Cindy uses the products X and Y. She asks for nice X, and x(p.m) - 13m-12p provides the answer. Her current salary is $1110, X is currently $9, and Y is currently $8.

Following are her income and substitution impacts, as well as the overall change in her demand, in the event that the price of X increases to $11;

The total amount she spends is given by $1110=9x + 8y. In order to buy more of good X, Cindy needs to increase her income. In the new scenario, the price of X has increased to $11. If she still spends the same amount of money on X and Y, then she would be able to purchase (9*9 + 8y)/11Y. In other words, she would be able to buy (81/11) Y + (1110/11) worth of Y.

Therefore, her new income would be $1110+(81/11)Y.Substitution effect:To calculate the substitution effect, we hold her utility constant by adjusting the consumption of good Y. Cindy has the budget constraint 9X + 8Y = 1110. Thus, 11X + 8Y = 1331, when the price of X is $11. Given that, x(p.m) - 13m-12p is her demand function for good X, Cindy will demand 97 units of X. This is the quantity Cindy would choose if the price of good X remained at $9. Therefore, the substitution effect is zero since the quantity demanded for good X is the same.Change in demand:Qx= (p.m) x - 13m-12p, the initial value of X when p=9 and m=1110 is:X= (9*97) - 13*1110 - 12*9 = -540. Cindy doesn't buy negative quantities, therefore the initial demand is zero.

When p=11, and m= (81/11) Y + (1110/11), the quantity demanded of X is given by: Qx = (11*97) - 13[(81/11) Y + (1110/11)] - 12*11 = 685 - (1173/11) Y Therefore, the total change in demand is:685 - (1173/11) Y - (-540) = 1225/11 - (1173/11)YE To calculate the income effect, we need to determine the new quantity of X and Y consumed by Cindy given the new price of X. We keep Cindy's utility constant while calculating the substitution effect. Holding Cindy's utility constant at U0 by adjusting Y's consumption. The change in demand is the difference between Cindy's consumption of X before and after the price change.

To Know more about substitution impacts,

https://brainly.com/question/15116589

#SPJ11

b) introduction

The introduction of a business report typically includes a section that describes the significance of the report topic.

This part provides an overview of the report's purpose, outlines the problem or issue being addressed, and highlights the importance or relevance of the topic to the organization or stakeholders involved. The introduction sets the context for the report, captures the reader's attention, and establishes the need for the information presented in the subsequent sections.

The title page, on the other hand, is a separate page at the beginning of the report that includes the title, author's name, date, and other identifying information. It does not specifically describe the significance of the report topic.

The body of the report contains the main content, analysis, findings, and recommendations related to the report topic. The closing or conclusion section summarizes the key points, provides final thoughts or recommendations, and often includes a call to action. It does not explicitly describe the significance of the report topic like the introduction does.

Learn more about business here:

https://brainly.com/question/15826604

#SPJ11

The costs assigned to ending inventory when costs are assigned based on the LIFO method can be calculated as follows:Periodic LIFO# of unitsCost per unitTotalBeginning inventory on January 1280$2.60$208.00Purchase on January 9602.80$168.00Purchase on January 251002.94$294.00Total338

$670.00 Therefore, the cost per unit for the LIFO method is as follows:$670.00/338 = $1.98 (rounded to two decimal places).Thus, the costs assigned to the ending inventory of 130 units is: 130 × $1.98 = $257.40 (rounded to two decimal places).Long answer:In the periodic LIFO method, the cost of the ending inventory is calculated using the last units purchased or produced and moved to the inventory account. Here, 130 units are remaining at the end of the month, and they are valued at the cost of the last purchased units. The total cost of goods available for sale is calculated as the sum of beginning inventory and purchases.

$2.60 × 280 + $2.80 × 60 + $2.94 × 100 = $728 + $168 + $294 = $1,190. Next, the cost of goods sold is calculated as follows:Beginning inventory $2.60 × 280 = $728Purchase on January 9 $2.80 × 60 = $168Purchase on January 25 $2.94 × 100 = $294Total cost of goods sold = $728 + $168 + $294 = $852. Finally, the cost per unit is calculated as:$1,190/338 = $3.52.Then, the cost of goods sold is subtracted from the cost of goods available for sale to calculate the cost of ending inventory as follows:$1,190 – $852 = $338.Therefore, the cost per unit for the LIFO method is as follows:$338/338 = $1.00. Thus, the costs assigned to the ending inventory of 130 units is: 130 × $1.00 = $130.

To know more about Cost assigned visit:-

https://brainly.com/question/15314313

#SPJ11

In the market for pizza, the demand and supply curves determine the equilibrium price and quantity. The competitive market equilibrium is indicated by the grey point (star symbol). Consumer surplus, representing the benefit consumers receive from purchasing pizza at a price lower than their willingness to pay, is represented by the shaded area using the green point (triangle symbol). Producer surplus, representing the benefit producers receive from selling pizza at a price higher than their cost of production, is represented by the shaded area using the purple point (diamond symbol). The deadweight loss, which represents the inefficiency in the market, is indicated by the black point (plus symbol).

In a competitive market, the equilibrium price and quantity are determined by the intersection of the demand and supply curves. The grey point (star symbol) represents this competitive market equilibrium, where the quantity demanded by consumers equals the quantity supplied by producers.

Consumer surplus is the area between the demand curve and the equilibrium price, up to the quantity consumed. This represents the extra value consumers receive from purchasing pizza at a price lower than their maximum willingness to pay. It is shaded using the green point (triangle symbol).

Producer surplus, on the other hand, is the area between the supply curve and the equilibrium price, up to the quantity supplied. This represents the extra profit producers receive from selling pizza at a price higher than their minimum acceptable price or cost of production. It is shaded using the purple point (diamond symbol).

The deadweight loss occurs when the quantity traded in the market is less than the socially optimal quantity. It is represented by the black point (plus symbol) and signifies the loss of potential welfare that could have been achieved if the market operated at the efficient level.

By visualizing these graphical elements, we can understand the distribution of benefits between consumers and producers in the pizza market, as well as the inefficiency caused by the deadweight loss.

learn more about market here:brainly.com/question/15483550

#SPJ11

Therefore, the level of winning probability that makes SCGI's proxy fight profitable is approximately 16.67%. The correct answer is A. 16.7%.

To determine the level of winning probability that makes SCGI's proxy fight profitable, we need to compare the cost of mounting the proxy contest with the expected benefit from winning the board seat.

The cost of mounting the proxy contest is given as $100,000, and the benefit per share is $10. SCGI owns 6% of the shares, which corresponds to 6% of 1 million shares, or 60,000 shares.

To calculate the total benefit from winning the board seat, we multiply the benefit per share ($10) by the number of shares owned by SCGI (60,000), resulting in a total benefit of $600,000.

For the proxy fight to be profitable, the total benefit should be greater than the cost of mounting the contest ($100,000). Therefore, we can set up the following inequality:

Total Benefit > Cost

$600,000 > $100,000

Now, we need to determine the minimum level of winning probability that would make the total benefit greater than the cost. We can calculate this by dividing the cost by the benefit per share and multiplying by 100 to get a percentage:

Minimum Winning Probability = (Cost / Total Benefit) * 100

Minimum Winning Probability = ($100,000 / $600,000) * 100

Minimum Winning Probability ≈ 16.67%

Learn more about probability here

https://brainly.com/question/29381779

#SPJ11

Communication can be influenced by the communicators' professional roles.

This is true about contexts for communication. A context is a situation, environment, or setting in which communication occurs. Context affects the meaning of the message and how it is received. The context of communication can be internal, external, or cultural. Communication can be influenced by the communicators' professional roles. Therefore, Option A is the correct answer to the first question.

The personal contexts of communicators rarely influence their communication, so Option B is incorrect. The largest context in which business communication takes place is the organizational context, making Option C correct. The organizational context influences external communication, but it has little influence on internal communication. Option D is therefore incorrect. Customs and cultures have more effect on business communication than many people expect, so Option E is incorrect.

As a result of the company's hierarchical structure, employees are required to use a formal style when communicating with high-ranking officials. This reflects a personal context because the communication style is influenced by the organization's internal structure and the employees' roles. In contrast, Options A, C, and D are about the larger context influencing communication, while Option E is about the cultural context influencing communication.

Learn more about communication

https://brainly.com/question/29399163

#SPJ11

The Market Revolution was decisively driven by the cotton industry in America.

The Choctaw tribe practiced communalism before European contact, and the Trail of Tears is a tragic chapter of Cherokee history.

The expansion of the cotton industry was the main driving force behind the Market Revolution in America, leading to a rise in industrialization and the growth of cities. The Choctaw tribe practiced communalism, where resources and property were shared among the community.

The Trail of Tears was a devastating event in Cherokee history where thousands of Native Americans died during their forced relocation from their ancestral lands to Indian Territory.

The Pawnee tribe faced many threats including smallpox outbreaks and attacks from both the US Cavalry and the Sioux.

African Americans were seen as threats in several states, where they were viewed as a danger to racial purity and the political and legal systems.

Slaves would often play the role of the "Sambo" to evade punishment and gain some level of protection from their owners, and some would eventually be promoted to "house slave" status.

Martin Delany was considered the "Father of Black Nationalism" and believed that violence was necessary for achieving true liberation from slavery.

Learn more about liberation here.

https://brainly.com/questions/11840471

#SPJ11

(a) Graphing the supply and demand for real money balances requires plotting the money demand function and the fixed money supply. The equation for money demand is (M/P)^d = 1000 - 100r, where r is the interest rate in percent. Given that the money supply (M) is 1,000 and the price level (P) is 2, we can substitute these values into the money demand function and solve for r to obtain the following points: (r=0, (M/P)^d = 1000), (r=1, (M/P)^d = 900), (r=2, (M/P)^d = 800), and so on. Plotting these points will give us the downward sloping money demand curve. The money supply (M) of 1,000 can be represented as a vertical line on the graph.

(b) The equilibrium interest rate is the point where the money demand and money supply intersect. By graphically analyzing the plot from (a), we can identify the interest rate at which the money demand curve (1000−100r) intersects with the vertical line representing the money supply of 1,000. This intersection point represents the equilibrium interest rate.

(c) Assuming the price level is fixed, an increase in the money supply from 1,000 to 1,200 will shift the money supply line to the right on the graph. This shift will result in a lower equilibrium interest rate because there will be a surplus of money in the market, and individuals will be willing to accept lower interest rates to lend or invest their excess money.

(d) To raise the interest rate to 7 percent, the Fed needs to adjust the money supply accordingly. Using the money demand function (M/P)^d = 1000−100r, we can substitute 7 for r and solve for the money supply (M) to find the corresponding value. This calculated money supply will be the amount the Fed should set in order to achieve the desired interest rate of 7 percent.

Learn more about the supply and demand for real money balances, equilibrium interest rate, and the relationship between money supply and interest rates here:

brainly.com/question/31868306

#SPJ11

Polaroid used captive product pricing when it set the general price range of its cameras low and the markup on its film high

Captive product pricing is a strategy where the price of one product is set low to attract customers, but the complementary or related product is priced higher to generate profits. In this case, the cameras were priced competitively to attract customers, but the film, which is essential for using the cameras, had a higher markup, allowing Polaroid to generate higher profits.

By setting a low price for the cameras, Polaroid aimed to encourage customers to purchase their cameras. Once customers owned a Polaroid camera, they became reliant on purchasing Polaroid film since it was specifically designed for their cameras. This created a captive market where customers were more likely to continue buying Polaroid film despite its higher price, as it was necessary for them to use the cameras they already owned.

This strategy allowed Polaroid to capture value from both the initial sale of the cameras and the ongoing purchases of film, maximizing their profitability in the long run.

Learn more about Captive product pricing here:

https://brainly.com/question/32118230

#SPJ11

Vincent van Gogh's painting "The Starry Night" was created using the method of production known as oil on canvas. This method involves using oil-based paints applied on a canvas surface, allowing for blending, layering, and expressive brushwork.

In terms of aesthetic interest, "The Starry Night" showcases van Gogh's distinctive style characterized by bold, swirling brushstrokes, vibrant colors, and expressive composition. The painting depicts a nighttime landscape with a tumultuous sky filled with swirling stars and a crescent moon. The contrast between the bright stars and the dark landscape creates a sense of drama and emotional intensity. Van Gogh's use of color and texture adds depth and movement to the scene, capturing a dreamlike and mystical quality.

"The Starry Night" holds great importance in the history of art as it is one of van Gogh's most famous and iconic works.

The Starry Night" has become an enduring symbol of van Gogh's artistic genius and has had a significant influence on subsequent generations of artists. Its expressive style and emotive power have made it an important and highly regarded artwork in the history of art.

Learn more about production here

https://brainly.in/question/1637725

#SPJ11

If Metrovox can outsource the assembly of the circuit boards to an existing supplier, there are several key contract issues that Metrovox will need to consider with its supplier.

First, Metrovox must ensure that the supplier has the necessary skills, resources, and expertise to produce high-quality circuit boards that meet Metrovox’s specifications and standards. This may involve conducting a thorough evaluation of the supplier’s manufacturing capabilities, quality control processes, and past performance.Second, Metrovox must define the terms and conditions of the outsourcing agreement in a detailed contract that covers all relevant aspects of the business relationship between the two companies. This contract should include provisions for price, quantity, delivery schedules, intellectual property ownership, warranties, and liability. For example, the contract should specify how many circuit boards the supplier will produce, what the price per unit will be, when and where the boards will be delivered, and what the quality standards are.Third, Metrovox must establish a system for monitoring and evaluating the supplier’s performance over time. This may involve setting up regular audits or inspections to ensure that the supplier is meeting its contractual obligations and delivering high-quality circuit boards. If the supplier fails to meet these standards, Metrovox may need to terminate the contract and seek out a new supplier.Finally, Metrovox must be prepared to deal with any unexpected issues or disputes that may arise during the course of the outsourcing agreement. This may involve setting up a system for resolving disputes, such as mediation or arbitration, or having a contingency plan in place in case the supplier is unable to meet its contractual obligations. Overall, outsourcing the assembly of circuit boards to an existing supplier can be a cost-effective way for Metrovox to meet its production needs, but it requires careful planning, negotiation, and monitoring to ensure that the business relationship is successful.

To know more about circuit visit:

https://brainly.com/question/12608516

#SPJ11

Accounting standards are guidelines that regulate financial reporting, ensuring consistency and transparency, but their implementation and effectiveness are subject to debate and scrutiny.

Accounting standards are a set of guidelines and rules that dictate how financial statements should be prepared and presented. They ensure consistency, comparability, and transparency in financial reporting. Different forms of accounting standards include principles-based standards, rules-based standards, and a mix of both. Arguments for accounting standards include promoting uniformity, enhancing financial statement comparability, and improving investor confidence.

However, criticisms against accounting standards highlight potential complexities, lack of flexibility, and the possibility of creating loopholes. The debate revolves around striking a balance between providing useful information for decision-making while allowing for judgment and flexibility in financial reporting. It is important to critically evaluate accounting standards to ensure they serve their intended purpose of facilitating accurate and reliable financial reporting while considering the needs of various stakeholders and the dynamic nature of business environments.

Learn more about financial reporting here:

https://brainly.com/question/14527430

#SPJ11

Job searching for candidates and job placement for hiring managers has changed significantly in the digital age.

With the advent of technology, job seekers have access to a wider range of employment opportunities through online job boards, social media, and professional networking sites, while hiring managers have access to a larger pool of candidates.

However, this has also led to an increased volume of applications, making it more challenging for job seekers to stand out from the competition. In my opinion, the changes have had a mostly positive effect overall, as they have made it easier for candidates to find job opportunities and for hiring managers to connect with potential employees.

However, it is important for both parties to navigate the digital job search landscape carefully, using targeted search strategies and effective branding to achieve the best results.

To know more about social media click on below link:

https://brainly.com/question/30194441#

#SPJ11

The law of demand illustrates that as the price of a good or service increases, the quantity demanded decreases, and vice versa, illustrated through a negatively sloped curve.

This trend can change based on shifts in demand or changes in quantity demanded. In detail, demand is graphically represented on a price vs. quantity graph. The demand curve is downward sloping, signifying the negative relationship between price and quantity demanded - as prices fall, consumers buy more, and as prices rise, they buy less. This negative relationship arises from the law of diminishing marginal utility and the income and substitution effects. Change in demand refers to shifts in the demand curve due to non-price factors, such as changes in income, tastes, or the price of other goods. Change in quantity demanded, on the other hand, is a movement along the existing demand curve in response to a change in price. Several factors can cause changes in demand, including income, tastes and preferences, prices of related goods, expectations, and the size of the population.

Learn more about law of demand here:

https://brainly.com/question/15072976

#SPJ11

Two costs of inflation: Decreases the value of money: Inflation reduces the value of money, so if a person has a set amount of money saved, they can't buy as much with it as they could before. People's purchasing power is reduced as a result of inflation.

Uncertainty and economic stability: Inflation creates a lot of uncertainty, which has a negative impact on the economy. The instability that inflation causes can result in lower investment and saving levels, as well as slowed economic growth. People will be hesitant to make long-term investments if they are unsure what the future holds.

I think that this is the more important effect of inflation in the United States. According to the Quantity Theory of Money, inflation rises due to an increase in the supply of money relative to the supply of goods and services.

The equation that summarizes the Quantity Theory of Money is as follows: MV=PY. M is the money supply, V is the velocity of money (how often each dollar is used to buy goods and services), P is the price level, and Y is the quantity of goods and services produced and consumed.

The equilibrium point, shifts to the left as a result of an increase in interest rates. At a higher interest rate, the quantity of money demanded is lower, as shown by the shift of the demand for money curve to the left. the equilibrium price level decreases from P1 to P2. the quantity of money demanded increases, as shown by the shift of the money demand curve to the right.

the new equilibrium is established at point E2, where the quantity of money demanded equals the quantity supplied, and the price level is P2.

To know more about Quantity Theory visit:-

https://brainly.com/question/30764983

#SPJ11

The amount of money Melissa invested in lottery tickets over the past 30 years is $3,120. Melissa's total investment in lottery tickets over the past 30 years was $3,120, according to the calculations. She won $2,000 this week for the first time.

Melissa spent $1,120 more on lottery tickets over the last 30 years than she won this week. LONG ANSWER:The amount of money Melissa invested in lottery tickets over the past 30 years is $3,120. Melissa spent $2 on the lottery every week for the past 30 years, according to the problem. That means she has spent $2 * 52 weeks * 30 years = $3,120. Melissa's total investment in lottery tickets over the past 30 years was $3,120, according to the calculations. She won $2,000 this week for the first time.

Subtract the total amount spent on lottery tickets from the prize money to determine whether the lottery was a worthwhile investment for Melissa. $2,000 (prize money) - $3,120 (total spent on lottery tickets) = -$1,120. Melissa spent $1,120 more on lottery tickets over the last 30 years than she won this week. So, it can be concluded that the lottery was not a worthwhile endeavor for Melissa.

To know more about invested visit:

https://brainly.com/question/29973247

#SPJ11

The research objective is to investigate the feasibility and user experience of Apple's proposed eyewear, gathering feedback on its functionality, performance, privacy features, and satisfaction.

The research objective is to assess the viability and user acceptance of Apple's eyewear concept, which enables viewing sensitive content on iPhones through synced eyewear, while ensuring privacy. To achieve this objective, a study design incorporating user testing and feedback collection is proposed.

The study design will involve recruiting participants who are representative of the target audience for the eyewear. Participants will be provided with the eyewear and instructed on its usage and synchronization with their iPhones. They will be asked to view sensitive content on their iPhones and provide feedback on various aspects, such as the clarity and effectiveness of the eyewear's display, the level of privacy protection achieved, the ease of syncing with the phone, and overall user satisfaction.

Data collected from participant feedback, user observations, and surveys will be analyzed to evaluate the eyewear's performance, user experience, and privacy features. This research will provide insights into the feasibility and desirability of the eyewear, potential improvements or modifications needed, and user preferences and concerns related to viewing sensitive content.

Learn more about synchronization here:

https://brainly.com/question/27189278

#SPJ11

Based on the given information, absorption costing income is likely to be greater than variable costing income. The difference in income between absorption costing and variable costing can be computed by considering the fixed overhead.

In the ending finished goods (FG) inventory, fixed overhead in the beginning FG inventory, and the difference between absorption costing and variable costing income.

(a) To determine whether absorption costing income is greater than or less than variable costing income, we need to compare the fixed overhead costs. In absorption costing, fixed overhead costs are included in the cost of inventory and expensed when the units are sold. On the other hand, variable costing treats fixed overhead costs as period expenses and does not include them in the cost of inventory. Since the company produced more units (27,000) than it sold (24,000), there will be some units remaining in the ending finished goods inventory. As a result, absorption costing income will be higher because it includes the fixed overhead costs allocated to the ending inventory.

(b) The difference in income between absorption costing and variable costing can be calculated by subtracting the variable costing income from the absorption costing income. This difference is primarily due to the treatment of fixed overhead costs. The formula to compute the difference is as follows:

Difference in Income = (Fixed Overhead in Ending FG Inventory - Fixed Overhead in Beginning FG Inventory)

Since there is no information given regarding the fixed overhead in the beginning FG inventory, it is assumed to be zero. Therefore, the difference in income between absorption costing and variable costing can be calculated by considering only the fixed overhead in the ending FG inventory.

In summary, absorption costing income is likely to be greater than variable costing income, and the difference in income can be computed by subtracting the fixed overhead in the ending FG inventory from zero (assuming no fixed overhead in the beginning FG inventory).

Learn more about costing income here:

https://brainly.com/question/31321878

#SPJ11

The forecast demand in July using exponential smoothing with a = 0.10 is 40.4945Forecast demand in July using exponential smoothing with a = 0.10 is obtained as follows:

Step 1: Find the weighted average for the first period as the demand value for that period;

F1 = D1 = 40

Step 2: Find the smoothed forecast for the second period;

F2 = a * D1 + (1 - a) * F1 = 0.10 * 40 + 0.90 * 40 = 40

Step 3: Repeat Step 2 for the remaining periods, using the previous period's smoothed forecast value as the new F1 value and the corresponding demand value as the new D1 value;

F3 = 0.10 * 45 + 0.90 * 40 = 40.5

F4 = 0.10 * 42 + 0.90 * 40.5 = 40.45

F5 = 0.10 * 39 + 0.90 * 40.45 = 40.105F6 = 0.10 * 41 + 0.90 * 40.105 = 40.4945

Step 4: Use the final smoothed forecast value as the forecast demand for the next period;F7 = 40.4945So, the forecast demand in July using exponential smoothing with a = 0.10 is 40.4945 (answer).

To know more about Forecast demand visit:

https://brainly.com/question/31391182

#SPJ11

Non-union workers' representations are collective groups that organize themselves without the assistance of the union.

There are different types of non-union workers' representation, and the most common include employee committees, workers' councils, and associations. These groups operate as an intermediary between the workers and management. Yes, immigrants can be a good source of workers to fill vacant positions. Immigrants are more likely to be willing to work in low-paying jobs than native-born workers. Some of the barriers to employing immigrants include language barriers, cultural differences, legal issues, and discrimination. Immigrants are not always welcomed by every country to fill job vacancies, and some countries have laws that limit the number of immigrants that can work in their country.

If I were given the opportunity in my next job to go on an extended foreign assignment, some of the support programs that I would expect include language training, cultural training, health insurance, and financial assistance to help with the cost of living. If I ever had the responsibility to select an associate for a foreign assignment, I would look for someone with strong communication skills, cultural sensitivity, and language proficiency. The individual should also have prior experience working in a multicultural environment, be able to adapt to new situations, and be willing to learn new things. These characteristics would ensure success in the foreign assignment.

Learn more about immigrants

https://brainly.com/question/13688875?

#SPJ11

The first statement is true. When the dollar weakens, a sale made overseas in a foreign currency will translate into more dollars when converted back home.

The second statement cannot be determined as it expresses Katie Martin's personal belief, and it is not possible to confirm her actual views without further information. When the dollar weakens, it means that it has a lower exchange rate relative to other currencies. As a result, when a sale is made overseas in a foreign currency, when the funds are converted back into dollars, the amount of dollars received will be higher.

Regarding the statement about Katie Martin, Chief Investment Officer of Vomitting Camel Asset Management, believing in technical analysis as a sensible approach to trading futures markets.

Learn more about foreign currency visit:

brainly.com/question/31308343

#SPJ11

The expected rental the owner expects to get after 3 years if rent is fixed to an annual step-up rate of 10% is 665 JDs monthly.

Initially, the rent of the office is 500 JDs per month. The rent increases annually with a step-up rate of 10%.This means that the rent of the office for the first year will be 10% more than the initial rent, which is 500 JDs.

Therefore, the rent for the first year is 500 + 10% of 500 = 550 JDs.

The rent of the office for the second year will also be 10% more than the first year rent, which is 550 JDs.

Therefore, the rent for the second year is 550 + 10% of 550 = 605 JDs.

The rent of the office for the third year will also be 10% more than the second year rent, which is 605 JDs.

Therefore, the rent for the third year is 605 + 10% of 605 = 665.5 JDs.

Rounding off to the nearest JD gives us the expected rental she expects to get after 3 years as 665 JDs per month.

Know more about the annual step-up rate

https://brainly.com/question/30506263

#SPJ11

The total income tax payable for the taxable year 2021 by Jamal is £5,562.50. It includes £2,300 from salary, £0 from building interest, and £3,262.50 from dividends, based on the applicable tax rates for each income source.

To calculate the total income tax payable, we need to consider the different sources of income and their corresponding tax rates.

Salary: £11,500

Since it falls within the basic rate tax band, the tax rate is 20%.

Income tax on salary = £11,500 * 0.20 = £2,300

Building Interest: £10,000

The tax rate on building interest depends on the individual's total taxable income.

Assuming Jamal has no other income, the tax rate for building interest would be the starting rate of 0%.

Income tax on building interest = £10,000 * 0% = £0

Dividends: £43,500

The tax rate on dividends also depends on the individual's total taxable income.

Assuming Jamal has no other income, the tax rate for dividends in the basic rate band is 7.5%.

Income tax on dividends = £43,500 * 0.075 = £3,262.50

Total income tax payable = £2,300 + £0 + £3,262.50 = £5,562.50

Therefore, the total income tax payable for the taxable year of 2021 is £5,562.50.

To know more about income tax:

https://brainly.com/question/21595302

#SPJ4

--The given question is incomplete, the complete question is given below " During the taxable year of 2021 Jamal received salary of £11,500 and the PAYE amount was £200, building interest of £10,000 and dividends of 43,500 Instruction: Calculate the total income tax payable. "--

We can determine her marginal cost by using the change in total cost and the change in output as shown below: Marginal cost (MC) = change in total cost / change in output Veronica’s marginal cost (MC) is shown below:

Output per day (units) Total cost ($) Marginal cost ($) 20 32 5 37 16 48 22 61 23 75 14 92 17 113 23 136 23

Using the above table, the Average Total Cost (ATC) can be computed by dividing the Total Cost by the output. Also, the Average Variable Cost (AVC) can be calculated by dividing the total variable cost by the output. Veronica’s ATC and AVC are presented in the table below.

Output per day (units) Total cost ($) Marginal cost ($) Average Variable Cost ($) Average Total Cost ($) 20 32 5 1.6 1.6 37 16 1.85 1.97 48 22 1.875 2.02 61 23 1.918 2.18 75 14 1.933 2.53 92 17 2.022 2.92 113 23 2.24 3.26 136 23 2.588 3.6.

We can obtain the profit (or loss) using the profit equation. Profit = Total Revenue - Total Cost Since we know that Veronica is a price-taker, we know that the price is $15. We also know that her output is determined by where her Marginal Cost (MC) curve intersects her Marginal Revenue (MR) curve.To generate the graph, we use the following steps:Step 1: Plot Veronica’s Demand Curve. This curve is horizontal and equal to the equilibrium price of $15 since Veronica is a price-taker. Step 2: Plot the Marginal Cost (MC) Curve. This curve intersects the Average Variable Cost (AVC) and Average Total Cost (ATC) curves at their minimum points since the MC curve represents the change in cost when an additional unit is produced. Step 3: Plot the Marginal Revenue (MR) Curve.

This curve is equal to the horizontal demand curve as mentioned above. Step 4: Determine the Profit or Loss of Veronica. Veronica's profit (or loss) is the difference between her Total Revenue and her Total Cost. Her output level is where her MC intersects her MR. We can determine her output by drawing a vertical line from her MC intersection with her MR to the horizontal axis and then reading off her output level. We can then draw a horizontal line from the output to the demand curve to determine her price. The area between the demand curve and her Average Total Cost (ATC) curve represents her profit (or loss). In this case, since the price is $15 and her ATC is higher than the price, she is making a loss. Therefore, the area between her ATC and her demand curve represents her loss. Below is the graph of Veronica's teapot market: Graph of Veronica's Teapot Market: 

To know more about Marginal Cost visit-

brainly.com/question/32126253

#SPJ11

The effects of a below-market loan for $100,000 made by a corporation to its chief executive officer as an enticement to get him to remain with the company is:

Option (c) The employee has imputed compensation income and the corporation has imputed interest income, while Option (b) The corporation has imputed interest income and dividends paid.

Section 7872 applies when a corporation issues a below-market loan to a chief executive officer or other high-ranking employees. The corporation is deemed to have given the employee additional compensation equal to the forgone interest (the difference between the interest the employee would have paid at the applicable federal rate and the interest he or she really paid) over the term of the loan, with the corporation receiving interest income equal to the forgone interest.

The employee must include the imputed interest in his or her taxable income in the year the loan is made and must continue to do so each year the interest on the loan is less than the applicable federal rate for that year. The corporation, on the other hand, should take an interest expense deduction equal to the imputed interest paid to the employee, and should also show imputed interest income and possibly imputed dividend income. Therefore, Option (c) The employee has imputed compensation income and the corporation has imputed interest income, while Option (b) The corporation has imputed interest income and dividends paid.

Learn more about dividend income: https://brainly.com/question/31106616

#SPJ11

To create the actual diagrams and charts, you can use project management software, spreadsheet tools, or specialized construction management software that offer features for visual representation and resource scheduling.

a) Sketching an Activity-on-arrow (AOA) diagram and identifying the critical path involves understanding the sequence of activities and their dependencies. Start by listing all the activities involved in the project and their durations. Then, draw arrows to represent the activities and use nodes or circles to denote the starting and ending points. The critical path is the longest path in the network, representing the sequence of activities that must be completed without delay to avoid project delays. By analyzing the durations and dependencies, you can identify the critical path.

b) Developing a bar chart, also known as a Gantt chart, requires listing all the activities along with their start and end dates. Assign resources to each activity and represent them graphically as bars on the chart. The length of each bar represents the duration of the activity, and the bars are arranged sequentially. This chart helps visualize the project timeline, resource allocation, and overlaps between activities.

c) Drawing a histogram or resource schedule involves representing the allocation of resources over time. It shows the quantity or availability of resources needed for each activity during different time periods. By plotting the resource requirements on a timeline, you can identify periods of high resource demand and potential resource constraints.

Learn more about resource scheduling here:

https://brainly.com/question/32454239

#SPJ11

In Illinois, when a developer is selling 25 or more plots of unimproved land, they must ensure all transfer taxes are paid, file a property disclosure report with the state, present a property report to each purchaser before signing, and deliver clear title.

Illinois land developers must comply with specific regulations when selling 25 or more plots of unimproved land.

Firstly, they must make sure all transfer taxes are paid to avoid any legal disputes with the buyers.

Secondly, they must file a property disclosure report with the state disclosure department, providing information on any available public records related to the property.

Thirdly, developers must present a property report to each potential buyer before making any sale, disclosing any potential hazards or conditions that may pose a risk to the buyer.

Finally, developers must deliver clear title to buyers to avoid any title disputes in the future. Failure to comply with these regulations may result in legal penalties, lawsuits, and liability for damages.

Learn more about legal disputes here.

https://brainly.com/questions/9524284

#SPJ11