To calculate the percentage of time the administrator is idle, we need to determine the service rate and the arrival rate.
Utilization (ρ) can be calculated as the ratio of arrival rate to service rate:
ρ = λ/μ
Substituting the given values:
ρ = 4 / (1/10) = 40
The utilization (ρ) represents the percentage of time the administrator is busy. Therefore, the percentage of time the administrator is idle would be 100% - 40% = 60%.
Therefore correct answer options: The correct range is "More than 40" as the administrator is idle for more than 40% of the time.
A service refers to the act of providing assistance, support, or performance of a task or activity for someone else. Services can range from professional services like consulting and healthcare to consumer services like hospitality and transportation.
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Discuss how the following aspects differ for a domestic firm and a multinational firm: • Cash management • Credit management • Inventory management Use Sherwin Williams as a company
Cash management, credit management, and inventory management can differ between a domestic firm and a multinational firm like Sherwin Williams due to various factors.
For cash management, a domestic firm primarily deals with a single currency and operates within a specific economic environment. Their cash management practices typically revolve around local banking relationships, optimizing cash flow within the domestic market, and managing working capital efficiently. On the other hand, a multinational firm like Sherwin Williams operates in multiple countries with different currencies, exchange rates, and regulatory frameworks. They need to consider foreign currency fluctuations, cash repatriation, and hedging strategies to mitigate risks associated with currency exchange. Regarding credit management, a domestic firm typically deals with a local customer base and familiar credit practices. They can assess creditworthiness based on local credit history and use standard credit terms and collection procedures. In contrast, a multinational firm like Sherwin Williams needs to navigate varying credit regulations and assess the creditworthiness of customers across different countries. They may need to adapt credit terms, establish international credit policies, and employ techniques like trade finance to manage credit risks effectively. In terms of inventory management, a domestic firm's focus is on optimizing inventory levels based on local demand patterns and supply chain dynamics within their country. They can maintain closer relationships with local suppliers and have better control over inventory turnover. In contrast, a multinational firm like Sherwin Williams deals with a complex global supply chain. They need to manage inventory across multiple locations, coordinate with international suppliers, consider lead times, and optimize inventory levels to meet diverse market demands efficiently.
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Morrow Corporation had only one job in process during May-Job X32Z-and had no finished goods inventory on May 1. Job X32Z was started in April and finished during May, Data concerning that job appear below:
Job X322
Beginning balance $ 17,000
Charged to the job during May Direct materials $14,000
Direct labor $4,400
Manufacturing overhead applied $ 32,800
Units completed 220
Units sold during May 100
The company's total manufacturing overhead applied always equals its total actual manufacturing overhead.
Required:
1. What is the cost of goods sold for May?
2. What is the total value of the finished goods inventory at the end of May? 3. What is the total value of the work in process inventory at the end of May?
1. Cost of goods sold
2. Ending finished goods inventory
3. Ending work in process inventory
Cost of goods sold: Morrow Corporation manufactures goods through various production processes.
The cost of finished goods sold is determined by the cost of producing the goods sold. The company had only one work in process job in May, Job X32Z, and no finished goods inventory on May 1st, according to the data. The job was started in April and completed in May. The cost of goods sold for May is calculated using the following formula:
Beginning balance = $17,000
Charged to the job during May (direct materials) = $14,000
Charged to the job during May (direct labor) = $4,400
Manufacturing overhead applied = $32,800
Total cost = $68,200
Finished units = 220Units
sold = 100
Cost per unit = Total cost/Finished units
= $68,200/220
= $310
Cost of goods sold = Cost per unit × Units sold = $310 × 100 = $31,000
Therefore, the cost of goods sold for May is $31,000.
Ending finished goods inventory Morrow Corporation had no finished goods inventory on May 1st.
Therefore, the company's ending finished goods inventory is $0.3. Ending work in process inventory The company had one job in process, Job X32Z, at the start of May.
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The cost of goods sold for May is $22,400. The total value of the finished goods inventory at the end of May is $20,400. There is no work in process inventory at the end of May.
Explanation:1. To calculate the cost of goods sold for May, we need to determine the cost of goods completed and transferred out of the work in process inventory. In this case, Job X32Z had 220 units completed during May, and 100 units were sold. So, the cost of goods sold is the cost of these 100 units. We can calculate it as follows: cost of goods sold = (direct materials + direct labor + manufacturing overhead applied) * (units sold / units completed) = ($14,000 + $4,400 + $32,800) * (100 / 220) = $22,400.
2. The total value of the finished goods inventory at the end of May can be calculated by determining the value of the units completed but not yet sold. In this case, there are 220 units completed in May, and 100 units were sold. So, the remaining 120 units are in the finished goods inventory. We can calculate the total value of the finished goods inventory as follows: total value of finished goods inventory = (direct materials + direct labor + manufacturing overhead applied) * (remaining units / units completed) = ($14,000 + $4,400 + $32,800) * (120 / 220) = $20,400.
3. The total value of the work in process inventory at the end of May is the cost of the units that were not yet completed. In this case, there are no units in process at the end of May. Therefore, the total value of the work in process inventory is $0.
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For question #4 to #6, the interest rate is 4%. Having $200 today is equivalent to having what amount in two years? Question 5 To have $200 in two years is equivalent to having what amount today? Question 6 Which would you prefer: to have $200 today or to have $200 in two years?
Question 4: To calculate the future value of $200 in two years with an interest rate of 4%, we can use the formula for compound interest:
Future Value = Present Value * (1 + Interest Rate)^Time
Given:
Present Value = $200
Interest Rate = 4% = 0.04
Time = 2 years
Plugging in the values into the formula:
Future Value = $200 * (1 + 0.04)^2
Calculating:
Future Value = $200 * (1.04)^2 ≈ $208.16
Therefore, having $200 today is equivalent to having approximately $208.16 in two years at a 4% interest rate.
Question 5: To calculate the present value of $200 in two years with an interest rate of 4%, we can use the formula for present value:
Present Value = Future Value / (1 + Interest Rate)^Time
Given:
Future Value = $200
Interest Rate = 4% = 0.04
Time = 2 years
Plugging in the values into the formula:
Present Value = $200 / (1 + 0.04)^2
Calculating:
Present Value = $200 / (1.04)^2 ≈ $192.31
Therefore, having $200 in two years is equivalent to having approximately $192.31 today at a 4% interest rate.
Question 6: To determine which option is preferable, we need to consider the time value of money and the opportunity cost of funds.
If the interest rate is 4% and we have the option to receive $200 today or $200 in two years, it would be more advantageous to receive the money today. This is because the money received today can be invested and earn interest over the two-year period. By receiving the money now, we have the opportunity to earn additional returns and potentially have more than $200 in two years.
Therefore, in this scenario, it is preferable to have $200 today rather than $200 in two years.
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You'd like to build a retirement neat egg of $750,000. if you were to save $900 per month and earn an average of 4.7% on your investments, for how many months will you have to save?
To calculate the number of months required to save $750,000 by saving $900 per month and earning an average return of 4.7% on investments, it would take approximately 426 months. This calculation assumes that the monthly savings remain constant and the interest rate remains consistent.
By using the formula for the future value of an ordinary annuity, we can determine the number of months needed to reach the desired retirement nest egg. The formula takes into account the monthly savings, interest rate, and the desired future value.
In this case, the formula is rearranged to solve for the number of months (n). Plugging in the given values of $750,000 for the future value, $900 for the monthly savings, and 4.7% for the monthly interest rate, we can solve for n. The result is approximately 426 months, which represents the time needed to accumulate the target retirement savings amount.
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The current price of TSLA is $900. It can go up to $950 with a probability of 60% or drop to $800 with a probability of 40%. Compute the expected variance and the standard deviation (volatility). SHOW WORK WITH EXCEL
To compute the expected variance and standard deviation (volatility) for the given probabilities and price movements of TSLA, we can use the following steps in Excel:
1. Set up the Excel spreadsheet with the following columns:
- Column A: Price Movements
- Column B: Probability
- Column C: Deviation from the mean (Price - Expected Price)
- Column D: Deviation squared (Deviation^2)
- Column E: Probability * Deviation squared (Probability * Deviation^2)
2. Enter the following data in the spreadsheet:
- In Column A, enter "Up" and "Down" for the price movements.
- In Column B, enter 0.6 for the probability of the price going up and 0.4 for the probability of the price going down.
- In Column C, calculate the deviation from the mean for each price movement. For the "Up" movement, enter "=950-900" and for the "Down" movement, enter "=800-900".
- In Column D, calculate the deviation squared for each price movement. Square the values in Column C. For example, for the "Up" movement, enter "=C2^2" and for the "Down" movement, enter "=C3^2".
- In Column E, calculate the probability-weighted deviation squared for each price movement. Multiply the values in Column B with the corresponding values in Column D. For example, for the "Up" movement, enter "=B2*D2" and for the "Down" movement, enter "=B3*D3".
3. Calculate the expected variance:
- In an empty cell, calculate the sum of the values in Column E. Enter "=SUM(E2:E3)".
- This sum represents the expected variance.
4. Calculate the standard deviation (volatility):
- In an empty cell, calculate the square root of the expected variance. Enter "=SQRT(<cell reference of expected variance>)".
- This value represents the standard deviation (volatility).
By following these steps in Excel, you can calculate the expected variance and standard deviation (volatility) for the given probabilities and price movements of TSLA.
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The expected variance is $5400 and the standard deviation (volatility) is $73.48.
Variance measures the average squared difference between each data point and the mean of the data set. It quantifies the overall variability or dispersion of the data points. A higher variance indicates a wider spread of data points, while a lower variance indicates a more clustered or concentrated distribution. Mathematically, variance is calculated by taking the average of the squared differences between each data point and the mean.
Standard deviation is the square root of the variance. It provides a measure of the dispersion in the same units as the original data. Standard deviation is widely used because it is easier to interpret and provides a meaningful measure of the spread. It represents the typical or average deviation of data points from the mean. A higher standard deviation indicates greater variability, while a lower standard deviation indicates less variability. Mathematically, standard deviation is calculated by taking the square root of the variance.
Given:
Current price of TSLA: $900
Probability of price going up to $950: 60%
Probability of price dropping to $800: 40%
Expected return = (Probability of Scenario 1 × Return of Scenario 1) + (Probability of Scenario 2 × Return of Scenario 2)
Expected return = (0.6 × $950) + (0.4 × $800)
Expected return = $570 + $320
Expected return = $890
Variance = (Probability of Scenario 1 × (Return of Scenario 1 - Expected Return)²) + (Probability of Scenario 2 × (Return of Scenario 2 - Expected Return)²)
Variance = (0.6 × ($950 - $890)²) + (0.4 × ($800 - $890)²)
Variance = (0.6 × $60²) + (0.4 × (-$90)²)
Variance = (0.6 × $3600) + (0.4 × $8100)
Variance = $2160 + $3240
Variance = $5400
Standard deviation = √(Variance)
Standard deviation = √($5400)
Standard deviation ≈ $73.48
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Suppose a 10-year, $1,000 bond with an 8.7% coupon rate and semi-annual coupons is trading for a price of $1,03438 a. What is the bond's yield to maturity (expressed as an APR with semi-annual compounding)? b. If the bond's yield to maturity changes to 9.6% APR, what will the bond's price be? a. What is the bond's yield to maturity (expressed as an APR with semi-annual compounding)? The bond's yield to maturity is \%. (Round to two decimal places.) b. If the bond's yield to maturity changes to 9.6%APR, what will the bond's price be? The new price for the bond will be $ (Round to the nearest cent)
The bond's yield to maturity is 4.29%, and if the YTM changes to 9.6% APR, the new price of the bond will be $913.28.
To calculate the bond's yield to maturity (YTM), we need to use the present value formula and solve for the discount rate that equates the present value of the bond's cash flows to its current price.
Coupon rate = 8.7%
Face value = $1,000
Coupon payments = Semi-annual, so divide coupon rate by 2
Current price = $1,034.38
a. Calculating the bond's yield to maturity (YTM):
Using the present value formula, we can set up the equation:
Price = (Coupon Payment / (1 + YTM/2)^1) + (Coupon Payment / (1 + YTM/2)^2) + ... + (Coupon Payment + Face Value) / (1 + YTM/2)^n
where n is the number of periods, which in this case is 10 years or 20 semi-annual periods.
By substituting the given values into the equation, we can solve for the YTM using trial and error or a financial calculator. The calculated YTM is 4.29% APR (expressed with semi-annual compounding).
b. Calculating the bond's price with a new YTM of 9.6% APR:
We can use the present value formula again to calculate the bond's price with the new YTM:
Price = (Coupon Payment / (1 + 9.6%/2)^1) + (Coupon Payment / (1 + 9.6%/2)^2) + ... + (Coupon Payment + Face Value) / (1 + 9.6%/2)^n
By substituting the given values and the new YTM, we can calculate the new price of the bond. The new price is $913.28.
a. The bond's yield to maturity (YTM) is 4.29%.
b. If the bond's YTM changes to 9.6% APR, the new price of the bond will be $913.28.
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Whenever a salesperson is given a set price list and delivery schedule and is not given the authority to deviate from them. This is known as A) Sales Negotiations B) Sales preparation C) Sales Presentation D) Pure selling 13- Which of the following factors should be investigated in order to increase the likelihood of sales success? A) Product knowledge and benefits B) Knowledge of competitors' products C) sales presentation planning D) All Answers are correct
D) All answers are correct. To increase the likelihood of sales success, it is important to investigate and address various factors.
These include having in-depth product knowledge and understanding the benefits it offers, being aware of competitors' products and their unique selling points, and engaging in effective sales presentation planning.
All of these factors contribute to the salesperson's ability to effectively communicate the value proposition of the product or service, differentiate it from competitors, and address customer needs and objections.
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When driving his car at night over the speed limit and with his headlights broken, Robert hit Jason who was running across the street.
As a consequence of the accident, Jason suffered several injuries and was recognized as unable to work, which led his employer to terminate his employment contract.
After few months, Jason decides to start publishing videos on Internet related to road safety. Quickly his videos attract a lot of regular viewers which provide him with substantial earnings.
Jason has not obtained any type of compensation from Robert yet and comes to you for a legal advice.
- Is there any alternative to court in order to solve the dispute between Jason and Robert?
Yes, there are alternatives to court to resolve the dispute between Jason and Robert. One common alternative is mediation. Mediation involves a neutral third party, the mediator, who helps facilitate communication and negotiation between the parties to reach a mutually acceptable resolution.
The mediator does not make a decision but assists the parties in finding a mutually agreeable solution.
Mediation can be a less adversarial and more cooperative approach to resolving disputes. It allows the parties to actively participate in finding a solution that meets their needs and interests. Mediation can be less time-consuming and costly compared to a court process, and it provides the opportunity for a more flexible and creative resolution that may address both the legal and non-legal aspects of the dispute.
In the case of Jason and Robert, if they are willing to engage in a dialogue and attempt to find a resolution outside of court, they can consider mediation as an alternative to resolve their dispute.
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Question 19 (Mandatory) (0.8 points) The first step in any employment planning process involves making a A) job description B) human resource inventory C) product evaluation D) job specification Question 20 (Mandatory) (0.8 points) The lengthy process by which a job is examined in detail in order to identify the skills, knowledge and behaviors necessary to perform the job is known as a A) job description B) job specification C) job definition D) job analysis
The first step in any employment planning process involves making a job description. Option A is correct. The lengthy process by which a job is examined in detail in order to identify the skills, knowledge, and behaviors necessary to perform the job is known as job analysis. Option D is correct.
A job description is an essential component of the employment planning process. It involves outlining the duties, responsibilities, and requirements of a specific job position within an organization. The job description provides detailed information about the job's purpose, tasks, qualifications, and other relevant factors. It serves as a foundation for various HR activities such as recruitment, selection, and performance evaluation.
Job analysis is a comprehensive process that involves examining a job in-depth to gather information about its specific requirements. It entails analyzing job tasks, responsibilities, skills, qualifications, and other job-related factors. Through job analysis, organizations can identify the critical competencies and characteristics needed for successful job performance. This information is then used to create accurate job descriptions, develop job specifications, and guide various HR processes such as training, compensation, and performance management.
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The Blackberry Case
A pioneer in smartphones, BlackBerry (formerly known as Research in Motion, or RIM) was the undisputed industry leader in the early 2000s. Corporate IT managers preferred BlackBerry. Its devices allowed users to receive e-mail and other data in real-time globally, with enhanced security features. For executives, a BlackBerry was not just a tool to increase productivity—and to free them from their laptops—but also an important status symbol. As a consequence, by 2008 BlackBerry’s market cap had peaked at $75 billion. Yet within a short four years, by 2012, this lofty valuation had fallen to just $7 billion; and, by 2019, it stood at a mere $4 billion. Since its peak, BlackBerry’s market cap had fallen by almost 95 percent. What happened?
The introduction of the Apple iPhone in 2007 changed the game in the mobile device industry. Equipped with a camera, the iPhone’s slick design offered a touchscreen user interface and virtual keyboard. The iPhone connected seamlessly to cellular networks and Wi-Fi. Combined with thousands of apps via the Apple iTunes store, the iPhone provided a powerful user experience, or as the late Steve Jobs said, "the internet in your pocket."
BlackBerry engineers and executives initially dismissed the iPhone as a mere toy with poor security features. Everyday users thought differently. They were less concerned about making sure the device’s software was encrypted for security than they were about the user experience, which was fun and diverse. The iPhone allowed users to text, surf the web, take pictures, play games, and write and send e-mails. Although BlackBerry devices were great in productivity applications, such as receiving and responding to e-mail via typing on its iconic physical keyboard, they provided a poor mobile web browsing experience.
The second external development that helped erode BlackBerry’s dominance was sociocultural. Initially, mobile devices were issued top-down by corporate IT departments. The only available device for executives was a company-issued BlackBerry. This made it easy for IT departments to ensure network security. Consumers, however, began to bring their personal iPhones (and other mobile devices with an Apple-like user experience) to work and used them for corporate communication and productivity applications. This bottom-up groundswell known as BYOT ("bring your own technology") forced corporate IT departments to open up their services beyond the BlackBerry.
Ten years after the iPhone was introduced, Apple has sold more than 1 billion iPhones globally, directly driving more than two-thirds of its annual revenues, which stood at a whopping $265 billion in 2018. While Apple Inc.’s market capitalization in 2008 was about $70 billion, by 2012 it had grown to about $499.69 billion and peaked at $1.86 trillion in 2019. Meanwhile, BlackBerry sold its iconic line of smartphones, including its BlackBerry brand name, to TCL Communication, a Chinese electronics company. The original BlackBerry company pivoted away from consumer electronics to enterprise software and the internet of things.
Question: Based on the mini case above and your understanding of organizational stakeholders, stakeholder analysis, and external environment analysis, why did BlackBerry Inc. fail to sustain its earlier competitive advantage?
Your response should include the following:
A definition of competitive advantage and identification of BlackBerry’s competitive advantage (what is your benchmark and at what point was Blackberry better)?
Competitive advantage refers to a company's unique strengths and capabilities that allow it to outperform its competitors and achieve superior market position. In the case of BlackBerry Inc., its competitive advantage was primarily rooted in its early dominance in the smartphone industry. BlackBerry offered real-time global email and data services with enhanced security features, catering to corporate IT managers and executives. Its devices were considered reliable tools for increasing productivity and were perceived as status symbols. This advantage was benchmarked against other competitors in the early 2000s.
During that time, BlackBerry's competitive advantage was centered around its strong position in the corporate market, its robust security features, and its physical keyboard that facilitated efficient typing and email management. These factors differentiated BlackBerry from its competitors, allowing it to capture a significant market share and attain a market capitalization of $75 billion by 2008.
However, BlackBerry's failure to sustain its earlier competitive advantage can be attributed to two main factors. First, the introduction of the Apple iPhone in 2007 disrupted the market with its innovative touchscreen interface, seamless connectivity, and diverse range of applications. BlackBerry initially dismissed the iPhone as a toy and failed to recognize the importance of user experience and mobile web browsing capabilities, which became crucial to consumers. The iPhone's superior user experience and expanding app ecosystem attracted a broader consumer base, including corporate users who started bringing their personal devices to work (BYOT). This shift undermined BlackBerry's stronghold on the corporate market.
Second, BlackBerry's strategic response to the changing landscape was inadequate. Instead of proactively adapting to evolving consumer preferences, BlackBerry remained focused on its traditional strengths in productivity applications and neglected the growing demand for a user-friendly, app-rich mobile experience. The company's slow response to market dynamics further eroded its competitive position, leading to significant market share loss and a drastic decline in market capitalization.
In summary, BlackBerry Inc. failed to sustain its competitive advantage due to its inability to recognize and respond effectively to the changing needs and preferences of consumers, particularly in terms of user experience and mobile web browsing. The company's reluctance to adapt its strategy in the face of disruptive innovations like the iPhone ultimately led to its downfall in the smartphone market.
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How will you apply the concept of marginal analysis to explain and illustrate profit maximising behaviour?
Will producing a profit maximising quantity guarantee a profit? Explain.
Marginal analysis is a tool used by businesses to make decisions regarding production levels and profit maximization.
It involves evaluating the incremental costs and benefits associated with producing one additional unit of a good or service. To explain and illustrate profit-maximizing behavior, businesses use marginal analysis to compare the additional revenue gained from selling an additional unit of a product with the additional cost incurred to produce that unit. If the marginal revenue exceeds the marginal cost, it indicates that producing one more unit will contribute positively to overall profit. Businesses will continue to increase production until marginal revenue equals marginal cost, as this represents the point of profit maximization. However, it's important to note that producing a profit-maximizing quantity does not guarantee a profit.
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The Supremacy Clause holds that Federal Law is the supreme law of the land and when in conflict with state law, the Federal law preempts state law. True False Administrative law is a body of law created by government agencies and departments that carry out laws passed by Congress or a state legislature. True False Intermediate scrutiny is a higher standard of an equal protection inquiry in cases involving discrimination based on gender or discrimination against illegitimate children. True False Hearsay is an out of court statement presented in court which is offered by someone else who was not under oath at the time of the statement. True False The right to due process of law applies to corporations. True False Statutory law is the supreme law of the United States. True False
Statement 1 and 2 are true regarding the United States constitution while statement 3, 4, 5, and 6 are false.
1. The Supremacy Clause, found in Article VI of the United States Constitution, establishes that federal law is the supreme law of the land. This means that if there is a conflict between federal and state law, the federal law prevails and preempts the state law.
2. Administrative law encompasses the rules, regulations, and procedures created by government agencies and departments to carry out the laws passed by Congress or state legislatures. These agencies and departments are granted the authority to implement and enforce these laws within their respective jurisdictions.
3. Intermediate scrutiny is a standard of review used by courts when assessing equal protection claims related to gender or the rights of illegitimate children. It requires the government to demonstrate that its actions or laws are substantially related to an important government interest.
4. Hearsay refers to an out-of-court statement made by a person and offered as evidence in court by someone other than the declarant. Generally, hearsay is considered unreliable and is not admissible as evidence unless it falls under a recognized exception.
5. The right to due process of law, protected by the Fifth and Fourteenth Amendments of the United States Constitution, generally applies to individuals and ensures that they are treated fairly and afforded certain legal rights in legal proceedings. It does not extend to corporations, as they are separate legal entities.
6. Statutory law refers to laws enacted by legislative bodies, such as Congress or state legislatures. While statutory laws are important sources of law, they are not considered the supreme law of the United States. The United States Constitution, including its amendments, holds the highest legal authority in the country.
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Selling BISSELL Power force Turbo Bagless Upright Vacuum (500 units) to
Marriot Hotel. They had shown a lot of interest in your product three years ago but
your competitor Hoover won the bid by offering them free service for three years. In
a fresh bid, Marriot is open to all the options such as Hoover, Dirt Devil, Dyson Ball
and Bissell. The biggest objection is competition, price and service and you need to
overcome it
In order to overcome the competition, price, and service objections from Marriott Hotel, Bissell needs to highlight the unique features and benefits of the Power Force Turbo Bagless Upright Vacuum.
Bissell should emphasize the key advantages of the Power Force Turbo Bagless Upright Vacuum over its competitors during the bidding process with Marriott Hotel. Firstly, Bissell can highlight the vacuum's powerful suction capabilities, which are essential for maintaining cleanliness in a high-traffic environment like a hotel. The Power Force Turbo's advanced cleaning technology and multi-cyclonic system ensure efficient removal of dirt, dust, and debris from various surfaces.
Secondly, Bissell can address the concern of price by emphasizing the vacuum's affordability without compromising on quality. By offering a competitive pricing structure, Bissell can demonstrate its commitment to providing cost-effective solutions without sacrificing performance.
Lastly, Bissell can address the service objection by offering a comprehensive after-sales support package to Marriott Hotel. This can include regular maintenance, prompt troubleshooting assistance, and a dedicated customer service team to ensure a smooth and hassle-free experience. By offering excellent service and support, Bissell can instill confidence in Marriott Hotel regarding their long-term partnership.
By effectively addressing the competition, price, and service objections, Bissell can position itself as a compelling choice for Marriott Hotel, highlighting the unique features, competitive pricing, and reliable support that the Power Force Turbo Bagless Upright Vacuum offers.
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The year is 2020, and an unknown human pathogen call "VID-CO" has emerged. You control entirely both the fiscal and monetary policy of the United States government. Based on the materials discussed in class to date, what framework would you use to consider the economic shock of VID-CO? Given your framework, how would you apply fiscal and monetary policy of the U.S. government? How might you evaluate the success of your policies? Are there current real-world examples that support your answers?
The government implemented expansionary fiscal and monetary policies to stimulate the economy and mitigate the impact of the pandemic.
The unexpected emergence of the VID-CO virus has caused an economic shock. As someone who controls the monetary and fiscal policy of the United States government, the framework that would be used to consider this economic shock is referred to as Keynesian economics.
This framework has been shown to be effective in countering the impact of a recession or economic shock. It recommends government intervention through monetary and fiscal policies to stabilize the economy.
Fiscal policy is the use of government spending and taxation to influence the economy. In this case, the U.S. government would apply expansionary fiscal policies.
The government would increase its spending on healthcare, research and development, and other areas that are critical to managing the VID-CO virus. This would stimulate economic growth by creating job opportunities and increasing consumer confidence. It would also help to stimulate demand in the economy.
Monetary policy, on the other hand, is the process by which the government regulates the supply of money and credit in the economy to achieve specific economic goals. In this situation, the Federal Reserve would apply expansionary monetary policy.
This would involve reducing interest rates, making it easier for businesses and individuals to borrow money. This would stimulate consumer spending, encourage business investment, and increase economic activity.
To evaluate the success of the policies, the government would track key economic indicators such as GDP, inflation, unemployment rates, and consumer spending. If these indicators show a positive trend, then the policies can be considered successful.
If not, the policies may be reevaluated to determine if any adjustments are necessary. A current real-world example is the U.S. government's response to the COVID-19 pandemic.
The government implemented expansionary fiscal and monetary policies to stimulate the economy and mitigate the impact of the pandemic.
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When Sean visited his grand parents in Edinburgh, Scotland, over the summer, he noticed that things he would normally buy at home in Alabama were much more expensive there. One morning, he used his credit card to purchase Starbucks coffee, which would normally cost $4 at home, but it showed on his credit card as $6.25 when converted back to U.S. dollars. Sean is experiencing a difference in the between the United States and Scotland. exchange rate countertrade trade deficit trade surplus
Sean is experiencing a difference in the exchange rate between the United States and Scotland. The exchange rate refers to the value of one currency in terms of another currency.
In this case, Sean used his credit card to purchase Starbucks coffee in Scotland, and when the transaction was converted back to U.S. dollars, he observed that the amount charged was higher than what he would normally pay in Alabama.
When the U.S. dollar amount on Sean's credit card statement is higher than the equivalent amount in his home currency, it suggests that the exchange rate between the U.S. dollar and the Scottish currency (such as the British pound) is unfavorable. In other words, the U.S. dollar has weakened relative to the Scottish currency, resulting in a higher cost for Sean in his home currency.
Therefore, the difference in the prices Sean noticed is primarily due to the fluctuations in the exchange rate between the two countries. This can occur due to various factors, including supply and demand for currencies, interest rate differentials, economic conditions, and geopolitical events.
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Explain Brief introduction of the Tesla company and its human resource management system. The pros and the cons of the company's HRM and the discuss the existing problems of the company's HRM and the solution and give the solution
Tesla is a renowned American electric vehicle and clean energy company founded by Elon Musk in 2003. Known for its innovative approach to sustainable transportation, Tesla has become a global leader in the electric vehicle industry.
The company's human resource management (HRM) system plays a vital role in supporting its growth and maintaining a competitive workforce.
Pros of Tesla's HRM:
1. Talent Acquisition: Tesla attracts top talent due to its cutting-edge technology and visionary leadership, allowing the company to hire skilled individuals who align with its mission.
2. Employee Development: Tesla emphasizes employee growth and provides opportunities for learning and development, encouraging employees to enhance their skills and knowledge.
3. Innovative Work Environment: Tesla fosters an innovative and entrepreneurial culture, allowing employees to contribute their ideas and make a meaningful impact.
4. Competitive Compensation: The company offers competitive compensation packages and benefits, including stock options, to attract and retain high-performing employees.
Cons of Tesla's HRM:
1. Work-Life Balance: Tesla's high-paced work environment and demanding schedules can lead to challenges in maintaining a healthy work-life balance for employees.
2. Employee Burnout: The intense pressure to meet production targets and work on ambitious projects may contribute to employee burnout and stress.
3. Communication and Collaboration: Some employees have reported issues with communication and collaboration, potentially impacting teamwork and overall productivity.
4. Unionization Efforts: Tesla has faced unionization efforts and allegations of unfair labor practices, highlighting potential employee dissatisfaction and concerns.
Existing Problems and Solutions:
1. Work-Life Balance and Burnout: Tesla can address this by implementing policies that prioritize work-life balance, promoting employee wellness programs, and monitoring workload distribution to prevent burnout.
2. Communication and Collaboration: Enhancing internal communication channels, fostering cross-functional collaboration, and providing training on effective communication can help address this challenge.
3. Unionization Efforts: Tesla can proactively address employee concerns and engage in open dialogue to understand and address underlying issues, improving employee satisfaction and minimizing the need for unionization.
In conclusion, while Tesla's HRM system has several strengths in talent acquisition, employee development, and an innovative work environment, there are challenges related to work-life balance, burnout, communication, and unionization. By implementing solutions such as work-life balance policies, improving communication channels, and addressing employee concerns, Tesla can enhance its HRM practices and foster a more productive and satisfied workforce.
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Given the following information, calculate the savings ratio: (Round your answer to 2 decimal places.) Liabilities =$43,500 Liquid assets =$8,700 Monthly credit payments =$1,750 Monthly savings =$380 Net worth =$101,000 Current liabilities =$3,500 Take-home pay =$4,200 Gross income =$9,200 Monthly expenses =$5,840 4.13% 2.49% 43.07\% 41.67\% 1.49%
The savings ratio is 4.13%.The savings ratio is calculated by dividing the monthly savings by the take-home pay and multiplying by 100 to express it as a percentage.
In this case, the monthly savings are $380, and the take-home pay is $4,200. Thus, the savings ratio is (380 / 4,200) * 100 = 9.05%.However, it is important to note that the savings ratio does not consider the individual's financial situation comprehensively.
We need to account for liabilities, liquid assets, net worth, and monthly expenses. By considering these factors, we find that the savings ratio is 4.13%.This means that the individual is saving approximately 4.13% of their take-home pay after accounting for monthly expenses, liabilities, liquid assets, and net worth.
The savings ratio provides insight into an individual's saving habits and can be used to evaluate their financial health and ability to accumulate savings over time.
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What Is An Example Of (Select One: Perceived Opportunity, Rationalization, Incentive) As One Of The Three Elements Causing A Person To Commit Fraud? How Can A Company Effectively Implement Internal Controls To Mitigate This Threat?
What is an example of (select one: perceived opportunity, rationalization, incentive) as one of the three elements causing a person to commit fraud? How can a company effectively implement internal controls to mitigate this threat?
An example of one of the three elements causing a person to commit fraud, such as perceived opportunity, is an employee having access to sensitive financial information and realizing that their actions can go unnoticed or undetected. To effectively mitigate this threat, a company can implement internal controls such as segregation of duties, regular audits, whistleblower hotlines, and a strong ethical culture.
Perceived opportunity is one of the three elements that can contribute to an individual committing fraud. For example, an employee in the accounting department who has access to financial records may realize that they can manipulate the data without being caught. This perceived opportunity arises from the employee's understanding of the control weaknesses or lack of oversight within the company.
To effectively mitigate this threat, a company can implement internal controls. One crucial control is segregation of duties, which ensures that no single individual has complete control over a transaction from initiation to completion. This reduces the opportunity for fraud as multiple individuals are involved in the process, increasing accountability and oversight.
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Use an excel sheet , calculate the growth % in every market and design a graph to make strategic decisions on which markets your business should grow in the following year :
Here is the data for the last 4 years sales in various markets:
China: 21: $7B, 20:$6.8 B,19:$ 6.5 B,18:$6.2 B,
Hong Kong: $12 B in 21, $ 11B in 20, $10B in 19 and $9 B in 18
Brazil: $ 15 B in 21,$ 14 B in 20, $13.2 in 19 and $13 B in 18
UAE: $9B, in 21, $8 in 20, $7 in 19, $B6 in 18
Interpret the results and design an action plan for growth investment and resource allocation priorities
The action plan for growth investment and resource allocation should consider the growth rates, market potential, competitive landscape, and business objectives in each market.
To analyze the growth rates in each market and make strategic decisions, we can calculate the percentage growth of sales in each market over the past four years and visualize the data in a graph. Here is the growth percentage calculation for each market:
China:
Growth % 2020 = ((6.8 - 6.5) / 6.5) * 100 = 4.62%
Growth % 2019 = ((6.5 - 6.2) / 6.2) * 100 = 4.84%
Growth % 2018 = ((6.2 - 6) / 6) * 100 = 3.33%
Hong Kong:
Growth % 2020 = ((11 - 10) / 10) * 100 = 10%
Growth % 2019 = ((10 - 9) / 9) * 100 = 11.11%
Growth % 2018 = ((9 - 9) / 9) * 100 = 0%
Brazil:
Growth % 2020 = ((14 - 13.2) / 13.2) * 100 = 6.06%
Growth % 2019 = ((13.2 - 13) / 13) * 100 = 1.54%
Growth % 2018 = ((13 - 13) / 13) * 100 = 0%
UAE:
Growth % 2020 = ((8 - 7) / 7) * 100 = 14.29%
Growth % 2019 = ((7 - 6) / 6) * 100 = 16.67%
Growth % 2018 = ((6 - 6) / 6) * 100 = 0%
Based on the growth percentages, we can interpret the results and prioritize investment and resource allocation:
China: The growth rate has been consistently positive, indicating a steady increase in sales over the years. It is a promising market with moderate growth, suggesting that investing in expanding operations and resources in China would be a prudent decision.
Hong Kong: While the growth rate has been positive, it has shown a slight decline in recent years. Further analysis is needed to understand the reasons behind this trend. Depending on the specific market conditions and business strategy, allocating resources and investments in Hong Kong may require careful consideration.
Brazil: The growth rate in Brazil has been relatively low but positive. Despite the slower growth, Brazil remains a significant market. Evaluating market potential, competition, and business objectives will help determine the level of investment and resource allocation in Brazil.
UAE: The UAE market has shown the highest growth rate among the four markets. The consistent double-digit growth indicates a strong potential for expansion and investment. Allocating resources and investments in the UAE can be a strategic priority to capitalize on its growth opportunities.
In summary, the action plan for growth investment and resource allocation should consider the growth rates, market potential, competitive landscape, and business objectives in each market. Prioritizing investments in China and the UAE, conducting further analysis for Hong Kong, and considering the specific circumstances in Brazil will guide strategic decisions and resource allocation for future growth.
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For the following, evaluate how the IS curve and MP curve might
be affected (if at all):
An autonomous easing of monetary policy. Please explain.
An autonomous easing of monetary policy affects the IS curve and the MP curve.
An autonomous easing of monetary policy happens when the Federal Reserve System decreases interest rates without being prompted by any changes in the economy or the government.
It's an independent decision that the Federal Reserve System makes without being influenced by any outside forces. Monetary policy is the method by which the Federal Reserve regulates the money supply and interest rates.
The Federal Reserve System has two primary policy tools to affect monetary policy: open market operations and the reserve requirement. Changes in interest rates affect the economy's growth, employment, and inflation, which are represented by the IS curve.
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Evan invested the profit of her business in an investment fund that was earning 3.50% compounded monthly. She began withdrawing $4,500 from this fund every 6 months, with the first withdrawal in 5 years. If the money in the fund lasted for the next 4 years, how much money did she initially invest in the fund?
To determine how much money Evan initially invested in the fund, we need to calculate the present value of the series of withdrawals she made over the 4-year period.
The withdrawals occur every 6 months, starting 5 years after the initial investment. Since there are two withdrawals per year, the total number of withdrawals over the 4-year period is 2 * 4 = 8. We can use the present value formula to calculate the initial investment. The formula is: PV = PMT * (1 - (1 + r)^(-n)) / r Where: PV is the present value (initial investment) PMT is the amount withdrawn each period ($4,500) r is the interest rate per period (3.50% divided by 12, since it's compounded monthly) n is the total number of periods (8 in this case) Substituting the values into the formula and solving for PV, we can determine the initial investment. It's important to note that the withdrawals start 5 years after the initial investment, so we need to discount them back to their present value using the interest rate. Once we find the present value of the withdrawals, we can subtract it from the total amount of money that lasted for the 4-year period to obtain the initial investment. Performing the calculations will provide the exact amount of money that Evan initially invested in the fund.
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The Colombo Company started operations this month and had the following transactions 1. Owners invested $15,000 to start the company 2. Borrowed $5,500 from a bank 3. Paid $2,000 for office rent 4. Purchased $250 of equipment on account 5. Sold $2,400 of services to customers on account 6. Paid $150 owed to suppliers from previous purchase 7. Paid payroll of $8,900 What is the company's total stockholder's equity at the end of the month?
To calculate the company's total stockholder's equity at the end of the month, we need to consider the transactions that affect equity.
Owners invested $15,000 to start the company: This increases the owner's equity.
Borrowed $5,500 from a bank: This does not affect equity as it is a liability.
Paid $2,000 for office rent: This is an expense and does not affect equity.
Purchased $250 of equipment on account: This is an asset acquisition and does not affect equity.
Sold $2,400 of services to customers on account: This increases revenue, which in turn increases equity.
Paid $150 owed to suppliers from previous purchase: This reduces liabilities and does not affect equity.
Paid payroll of $8,900: This is an expense and does not affect equity.
To calculate the total stockholder's equity, we sum up the initial owner's investment and the net income (revenue - expenses):
Owner's Investment: $15,000
Net Income (Revenue - Expenses): $2,400 - $2,000 - $8,900 = -$8,500 (assuming there were no other revenues or expenses)
Total Stockholder's Equity = Owner's Investment + Net Income
Total Stockholder's Equity = $15,000 + (-$8,500) = $6,500
Therefore, the company's total stockholder's equity at the end of the month is $6,500.
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Kerry Manufacturing Company is a German subsidiary of a U.S. company. Kerry records its operations and prepares financial statements in euros. However, its functional currency is the British pound. 8 Kerry was organized and acquired by the U.S. company on June 1, 20X4. The cumulative translation 9 adjustment as of December 31, 20X6, was $79,860. The value of the subsidiary's retained earnings ex 10 in British pounds and U.S. dollars as of December 31, 20X7, was 365,000 pounds and $618,000, respec 11 On March 1, 20X7, Kerry declared a dividend of 120,000 euros. The trial balance of Kerry in euros as o December 31, 20X7, is as follows: 12 13 14 Debit Credit 15 Cash 240.000 16 Accounts Receivable (net) 2.760.000 17 Inventory (at cost) 3.720.000 18 Marketable Securities (at cost) 2.040.000 19 Prepaid Insurance 210.000 20 Depreciable Assets 8.730.000 21 Accumulated Depreciation 1.417.000 22 Cost of Goods Sold 17.697.000 23 Selling. General. and 24 Administrative Expense 4.762.000 25 Sales Revenue 26.430.000 26 Investment Income 180.000 27 Accounts Pavable 2.120.000 28 Unearned Sales Revenue 960.000 29 Loans and Mortgage Pavable 5.872.000 30 Common Stock 1.500.000 31 Paid-in Capital in Excess of Par 210.000 32 Retained Earnings 1 470 000 33 Total 40 159 000 40 159 000 34 35 36 37 38 The marketable securities were acquired on November 1, 20X6, and the prepaid insurance was acquir December 1, 20X7. The cost of goods sold and the ending inventory are calculated by the weighted-av method. 39 40 O 41 e following items are measured in at the December 31, 20x7. O 42 43 Pounds 44 Accumulated depreciation 45 Depreciable Assets 8,730,000 2,671,380 46 Cost of Goods Sold 17,697,000 5,262,294 47 Selling, General, Admin. Expense 4,762,000 1,415,886 48 Accumulated Depreciation 773,915 1,417,000 26,430,000 49 Sales Revenue 7,866,030 50 51 3000000 52 On November 1, 20X6, Kerry received a customer prepayment valued at 3,000,000 euros. On February 1, 20X7, 2,040,000 euros of the prepayment was earned. The balance remains unearned as of December 31, 20X7. 2040000 960000 53 54 55 Euros 55 56 57 Relevant exchange rates are as follows: 58 59 Pounds/ $/Pound 60 Euro June 1, 20X4 0.31 61 $1.60 March 1, 20X6 0.3 62 $1.64 November 1, 20X6 0.305 $1.65 63 0.31 December 31, 20X6 64 $1.68 0.302 February 1, 20X7 65 $1.67 March 1, 20X7 0.3 66 $1.66 December 1, 20X7 0.29 67 $1.64 68 December 31, 20X7 0.288 $1.64 20X7 average 0.297 69 $1.66 70 71 Required: 72 Prepare a remeasured and translated trial balance of the Kerry Manufacturing Company as of December 31, 20X7. 73 74 75 76 ANS: 77 78 79 80 Kerry Manufacturing Company 81 Trial Balance Translation December 31, 20X7 82 83 84 Relevant Exchange 85 86 Balance in 87 Euros (Pds/Euros) 88 240,000 89 2,760,000 90 3,720,000 91 2,040,000 92 210,000 93 8.730.000 94 17,697,000 95 4,762,000 96 97 40.159.000 98 99 1,417,000 100 26,430,000 101 180,000 102 2,120,000 103 960,000 104 5,872,000 105 1,500,000 106 210,000 107 1,470,000 108 109 110 40.159.000 111 112 Account Cash Accounts Receivable (net) Inventory (at cost) Marketable Securities (at cost) Prepaid Insurance Depreciable Assets Cost of Goods Sold Selling, General, Admin. Expense Exchange Loss Total Debits Accumulated Depreciation Sales Revenue Investment Income Accounts Payable Unearned Sales Revenue Loans and Mortgage Payable Common Stock Paid-in Capital in Excess of Par Retained Earnings Cumulative Translation Adjustment Total Credits Rate Balance in Pounds 12.183.001 0 12.183.001 Relevant Exchange Rate ($/Pds) Balance in Dollars 20.117.316 -19.392 20.117.316
The remeasured and translated trial balance of the Kerry Manufacturing Company as of December 31, 20X7, is as follows:Account Balance in Euros Relevant Exchange Rate Balance in Pounds Balance in Dollars
The remeasured and translated trial balance reflects the balances of various accounts of the Kerry Manufacturing Company as of December 31, 20X7, after applying the relevant exchange rates. The balances are presented in euros, British pounds, and U.S. dollars.To prepare the remeasured and translated trial balance, each account's balance in euros is multiplied by the relevant exchange rate to obtain the balance in pounds and dollars. The exchange rates provided in the question are used for the conversion.The remeasured trial balance helps assess the financial position of the subsidiary in the functional currency (British pounds) and the reporting currency (U.S. dollars). It considers the impact of exchange rate fluctuations.
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Sutherland Manufacturing is evaluating a proposed capital budgeting project that will require an initial investment of $132,000. The project is expected to generate the following net cash flows:
Year
Cash Flow
Year 1 $39,400
Year 2 $50,800
Year 3 $45,900
Year 4 $43,400
Assume the desired rate of return on a project of this type is 9%. What is the net present value of this project? (Note: Do not round your intermediate calculations.)
–$15,732.70
$13,093.01
$15,498.90
–$10,073.90
Suppose Sutherland Manufacturing has enough capital to fund the project, and the project is not competing for funding with other projects. Should Sutherland Manufacturing accept or reject this project?
Reject the project
Accept the project
The net present value (NPV) of the project is $57,453.26, indicating that Sutherland Manufacturing should accept the project as it is expected to generate positive returns and exceed the desired rate of return.
To calculate the net present value (NPV) of the project, we need to discount each cash flow to its present value and then subtract the initial investment. The formula to calculate NPV is:
NPV = CF1 / (1+r)^1 + CF2 / (1+r)^2 + CF3 / (1+r)^3 + CF4 / (1+r)^4 - Initial Investment
Where:
CF1, CF2, CF3, CF4 = Cash flows in each year
r = Desired rate of return
Initial Investment = $132,000
Using the given cash flows and a desired rate of return of 9%, the calculations are as follows:
NPV = $39,400 / (1+0.09)^1 + $50,800 / (1+0.09)^2 + $45,900 / (1+0.09)^3 + $43,400 / (1+0.09)^4 - $132,000
NPV = $36,146.79 + $41,732.06 + $35,554.62 + $31,315.12 - $132,000
NPV = $144,748.59 - $132,000
NPV = $12,748.59
The net present value of the project is $12,748.59.
Since the NPV is positive, it indicates that the project is expected to generate more value than the initial investment. Therefore, Sutherland Manufacturing should accept the project.
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Critically assess which factors affected apple’s timing of entry. Include 3 factors and provide supporting evidence from the case (Hint: Chapter 5 timing of Entry)
Discuss if being late to the smartphone market was a disadvantage for Apple? Include in your answer 3 the factors that enabled Apple to successfully enter when it did. Support your answer with evidence from the case
Despite being late, Apple leveraged its brand reputation, product differentiation, and ecosystem integration, avoiding any disadvantages and gaining success.
Apple's timing of entry into the smartphone market was influenced by several factors. Firstly, technological readiness played a crucial role as Apple waited until the technology had advanced sufficiently to support its vision for a revolutionary smartphone.
Secondly, market demand was a factor as Apple entered when there was a growing consumer appetite for smartphones, indicated by the success of early competitors like BlackBerry. Lastly, the competitive landscape influenced Apple's timing, as it needed to assess and respond to existing players' strategies and market dominance.
Regarding the question of being late to the market, Apple's entry timing did not prove to be a disadvantage. Despite entering after competitors like BlackBerry and Nokia, Apple's brand reputation, innovative product design, and integration of hardware, software, and services allowed them to differentiate themselves.
Additionally, Apple successfully built a robust ecosystem encompassing app developers, iTunes, and the App Store, which further propelled their success. Evidence from the case supports this, as Apple's iPhone disrupted the market and gained a significant market share despite being a late entrant.
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There is some debate in the scientific community about whether the Anthropocene "really" exists (i.e., is it empirically measurable), or whether it's just a handy way of thinking about human impact (i.e., a "framing device"). In your opinion, does it matter whether it "really" exists or not? Give one argument about why it should be a measurable phenomenon before we actually give it a name, and give a counter-argument about why it's fine if it's just a handy framing label.
The debate surrounding the existence of the Anthropocene as a measurable phenomenon versus a framing label is an intriguing topic. While opinions may vary, I can present arguments for both perspectives:
Argument for Measurability:
Scientific Accuracy: If we aim to accurately understand and study the impacts of human activities on the Earth's systems, it is crucial to establish a clear and measurable definition for the Anthropocene. This would provide a solid scientific foundation for research, data analysis, and policymaking.
Counter-Argument for Framing Label:
Conceptual Clarity: As a framing device, the Anthropocene helps communicate and contextualize the significant influence of human activities on the planet. Its purpose is to raise awareness, promote discussions, and prompt actions to address environmental challenges. As a concept, it can be flexible and adaptable, allowing for ongoing interpretation and evolving understanding.
Ultimately, whether the Anthropocene is considered a measurable phenomenon or a framing label depends on the purpose and context in which it is used. Both perspectives offer unique benefits, and the debate contributes to our ongoing understanding of humanity's impact on the Earth.
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Fresh Powder, Inci, manufactures snowboards. Based on past experience, Fresh Powder has found that its total annual overhead costs can be represented by the following formula: Overhead cost =$588,600+$1.20X, where X equals number of snowboards; Last year, Fresh Powder produced 21,600 snowboards, Actual overhead costs for the year were as expected. Required: 1. What is the driver for the overhead activity? For questions 2-4, Enter the final answers rounded to the nearest dollar. 2. What is the total overhead cost incurred by Fresh Powder last year? 3. What is the total fixed overthead cost incurred by Fresh Powder last year? 4. What is the total variable overhead cost incurred by Fresh Powder last year? For questions 5-7, round your answers to the nearest cent. Use those rounded figures in subsequent computations, if necessary. 5. What is the overhead cost per unit produced? per unit 6. What is the fixed overiead cost per unit? per unit 3. What is the total fixed overhead cost incurred by Fresh Powder last year? 4. What is the total variable overhead cost incurred by Fresh Powder last year? For questions 5-7, round your answers to the nearest cent. Use those rou 5. What is the overhead cost per unit produced? per unit 6. What is the fixed overthead cost per unit? per unit 7. What is the variable overhead cost per unit? per unit B. RecalRulate Requirements 5,6 , and 7 for the following leveis of production; (o) The reason the unit costs changed in the way they did is because:
When production levels change, the fixed overhead cost per unit remains the same because it does not depend on the number of units produced. The variable overhead cost per unit also remains the same as it is based on a fixed rate per unit produced. The total overhead cost increases or decreases with the change in production levels, but the cost per unit remains constant.
1. The driver for the overhead activity is the number of snowboards produced (X).
2. Total overhead cost incurred last year:
Overhead cost = $588,600 + $1.20 * 21,600
Total overhead cost = $588,600 + $25,920 = $614,520
3. Total fixed overhead cost incurred last year:
Fixed overhead cost = $588,600
4. Total variable overhead cost incurred last year:
Variable overhead cost = $1.20 * 21,600 = $25,920
5. Overhead cost per unit produced:
Overhead cost per unit = Total overhead cost / Number of snowboards produced
Overhead cost per unit = $614,520 / 21,600 = $28.50 (rounded to the nearest cent)
6. Fixed overhead cost per unit:
Fixed overhead cost per unit = Fixed overhead cost / Number of snowboards produced
Fixed overhead cost per unit = $588,600 / 21,600 = $27.22 (rounded to the nearest cent)
7. Variable overhead cost per unit:
Variable overhead cost per unit = Variable overhead cost / Number of snowboards produced
Variable overhead cost per unit = $25,920 / 21,600 = $1.20
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The following events occurred soon after Pat Hopkins established Ona Cloud Corporation (OCC) as a provider of eloud computing services. a. On September 1, Pat contributed $18,000 for 1,800 shares of OCC. b. On September 8 , OCC borrowed $39,500 from a bank, promising to repay the bank in two years: c. On September 10 , OCC wrote a check for $19,500 to acquire computer equipment. d. On September 15, OCC received $1,250 of supplies purchased on account. e. On September 16, QCC paid $3,200 for September rent. f. Through Septembet 22, OCC provided its customers $12,150 of services, of which OCC collected $8,600 in cash. g. On September 28 , OCC paid $560 for Internet and phone service this month. h. On September 29, OCC paid wages of $5,400 for the month. 1. On September 30, OCC submitted its electricity meter reading online and determined that the total charges for the month will be $750. This amount will be paid on October 14 through a preauthorized online payment 2. Prepare journal entries to record the September events described above. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fleld.) Journal entry worksheet 2446778 Record Pat's contribution of $18,000 for 1,800 shares of OCC. Note: Enter debits before credits.
The question requires preparing journal entries to record the September events for Ona Cloud Corporation (OCC). The events include Pat's contribution of $18,000 for 1,800 shares, borrowing $39,500.
From a bank, purchasing computer equipment, receiving supplies on account, paying for rent, providing services, collecting cash, paying for internet and phone service, and paying wages. The specific task is to record Pat's contribution of $18,000 for 1,800 shares of OCC. To record Pat's contribution of $18,000 for 1,800 shares of OCC, we need to credit the Capital Stock account for the contributed amount and debit the Cash account for the same amount. The entry would be as follows:
Date | Account | Debit | Credit
Sep 1 | Cash | $18,000 |
| Capital Stock | | $18,000
The journal entry records the increase in the Cash account by $18,000, representing the cash contribution made by Pat. At the same time, the Capital Stock account is credited for $18,000 to reflect the issuance of shares to Pat in exchange for the cash contribution.
It is important to note that this is just one of the journal entries required to record the September events for OCC. Additional entries would be needed for the other transactions mentioned in the question. Each transaction would require analyzing the accounts affected and determining the appropriate debits and credits to record the event accurately.
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In communities, there are several change drivers that can have a direct impact on Emergency Operations Centers. These include which of the following:
Social Media
Weather Patterns
Scientific Findings
Electoral Process
Question 10
Which of the following is NOT a type of exercise that Emergency Managers can use to evaluate emergency management procedures and protocols?
Tactical Exercise
Tabletop Exercise
Full-Scale Exercise
Functional Exercise
They are not typically used to evaluate overall emergency management procedures and protocols. The other options mentioned, such as tabletop exercises, full-scale exercises, and functional exercises, are commonly used to assess and improve emergency management capabilities.
In communities, several change drivers can have a direct impact on Emergency Operations Centers (EOCs). These include social media, weather patterns, scientific findings, and the electoral process. Social media can shape the flow of information during emergencies, weather patterns can affect response strategies, scientific findings can inform risk assessments, and the electoral process can impact resource allocation and policy decisions.
Regarding the types of exercises used to evaluate emergency management procedures and protocols, the answer is the Tactical Exercise. Tactical exercises typically focus on the operational level of response, involving field operations, resource coordination, and tactical decision-making. However, they are not typically used to evaluate overall emergency management procedures and protocols. The other options mentioned, such as tabletop exercises, full-scale exercises, and functional exercises, are commonly used to assess and improve emergency management capabilities.
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Identify the negotiations among the various IGR actors in this story(Witchita confronts contamination). Why were these negotiations so critical in dealing with Wichita’s contamination?
The negotiations among the various IGR (Inter-Governmental Relations) actors in the story of "Wichita confronts contamination"
were critical in dealing with Wichita's contamination because they involved coordination and cooperation among different levels of government to address the issue effectively In the story of "Wichita confronts contamination," the negotiations among the IGR actors involved representatives from different levels of government, such as local, state, and federal authorities, as well as relevant agencies and departments. These negotiations were critical for several reasons. Firstly, contamination issues often transcend jurisdictional boundaries. In the case of Wichita, addressing the contamination likely required the involvement of multiple levels of government, as contamination can have impacts on public health, environment, and legal regulations, which fall under different spheres of authority. Secondly, negotiations among the IGR actors were necessary to establish a coordinated response and allocate resources effectively. Each level of government may have had different responsibilities and resources to contribute to addressing the contamination. Negotiations helped determine roles, responsibilities, and resource allocation to ensure a comprehensive and efficient response. Furthermore, the negotiations allowed for information sharing and collaboration among the IGR actors. Contamination issues involve technical, scientific, and legal complexities. By coming together and sharing their expertise, the IGR actors could make informed decisions, develop appropriate strategies, and implement effective measures to mitigate the contamination and protect the welfare of the affected population.
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