Part 1: The predetermined overhead rate is calculated to be $12.88 per direct labour hour.
Part 2: The amount of overhead applied for the period is $992,000.
Part 3: The overhead applied in Part 2 is "underapplied" for the period.
Part 4: The underapplied overhead from Part 3 will "decrease" net income.
Part 1: To calculate the predetermined overhead rate, divide the estimated manufacturing overhead by the estimated direct labour hours: $966,000 / 75,000 hours = $12.88 per direct labour hour.
Part 2: The amount of overhead applied is determined by multiplying the actual direct labour hours by the predetermined overhead rate: $12.88 x 77,000 hours = $992,000.
Part 3: If the applied overhead is less than the actual overhead, it is considered "underapplied" for the period, indicating that the actual overhead costs exceeded the applied amount.
Part 4: Underapplied overhead will "decrease" net income because it means that the company did not allocate enough overhead costs to the products or services produced, resulting in an understatement of expenses and, consequently, lower net income.
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Upon completing your programme of study at Mulungushi University, you have been appointed Head of the Curriculum Development Centre (CDC) in Lusaka. Discuss how you would convince the stakeholders that the curriculum is a body of knowledge, a product and a process (15 marks).
As the Head of the Curriculum Development Centre (CDC) in Lusaka, one of the tasks you would have to do is to convince the stakeholders that the curriculum is a body of knowledge, a product, and a process. Here is how you can convince the stakeholders:
The curriculum is a body of knowledge, a product, and a process:Body of knowledge: The curriculum is an organized collection of knowledge, skills, and abilities that students need to learn. It provides a framework for the entire educational process.
Product: The curriculum is a product that reflects the educational needs and goals of society. It is the outcome of careful planning and implementation.
.Process: The curriculum is a process of planning, developing, implementing, and evaluating the educational program to achieve the desired outcomes.Convincing the stakeholders:As the head of the CDC, you need to convince the stakeholders of the importance of the curriculum as a body of knowledge, a product, and a process. Here are some ways to do that:
1. Highlight the relevance of the curriculum to the students and the society at large. Explain that it provides students with the necessary skills and knowledge to function effectively in the world.
2. Emphasize the importance of the curriculum as a product that reflects the educational needs and goals of society. Explain that it is the outcome of careful planning and implementation and is designed to meet the needs of students.
3. Explain the curriculum development process, highlighting the importance of planning, developing, implementing, and evaluating the educational program to achieve the desired outcomes.4
. Show how the curriculum aligns with the national educational goals and objectives. Explain how it is designed to meet the needs of the students, teachers, and society.
5. Finally, highlight the importance of stakeholders' involvement in the curriculum development process. Explain how their feedback can help to improve the curriculum and make it more effective. Overall, the stakeholders need to understand that the curriculum is a body of knowledge, a product, and a process that is essential to the education system and the students' future.
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10. Jet Green is unhappy with the number of empty seats on its route from Newark, NJ to Orland, FL (the flights are less than half full on average). The regular ticket price is $229 and management is considering a special discounted air fare of only $142.99. At that price Jet Green will fill out all seats made available at the special discount. The aircraft flown between Newark and Orlando holds 140 passengers.
a. The demand distribution at current fare of $229, which will continue in the future, is shown below. What is the average unutilized capacity and the average revenue per flight?
Full-fare passengers Frequency
50 10
55 15
60 25
35 65
70 25
75 15
80 10
b. How many seats should Jet Green reserve for full-fare passengers? What will be the average revenue per flight?
e. Now consider that demand of full-fare passengers is normally distributed with mean of 65 and standard deviation of 8 passengers. How many seats should Jet Green reserve for full-fare passengers?
The number of seats that Jet Green should reserve for full-fare passengers is: Seats = Mean - 2 * Standard deviation= 65 - 2 * 8= 49Jet Green should reserve 49 seats for full-fare passengers.
a. Average unutilized capacity: Here, we have to calculate the average number of empty seats or unutilized capacity when the fare price is $229.The regular ticket price is $229 and the aircraft flown between Newark and Orlando holds 140 passengers.So, average passengers demand with full fare = (50 x 10 + 55 x 15 + 60 x 25 + 35 x 65 + 70 x 25 + 75 x 15 + 80 x 10) / 140= 48.21 passengersAverage unutilized capacity = Total seats - Average demand= 140 - 48.21= 91.79 seatsThe average unutilized capacity when the fare price is $229 is 91.79 seats.Average revenue per flight:Revenue per flight = Number of passengers x Fare price= 48.21 x 229= $11,046.09The average revenue per flight when the fare price is $229 is $11,046.09.b. How many seats should Jet Green reserve for full-fare passengers? What will be the average revenue per flight?Jet Green is considering a special discounted airfare of only $142.99 and at that price, it will fill out all seats made available at the special discount. The aircraft flown between Newark and Orlando holds 140 passengers.So, the number of seats should Jet Green reserve for full-fare passengers = Total seats - Seats reserved for special discounted airfare= 140 - 140= 0 seatsJet Green should reserve 0 seats for full-fare passengers in order to fill out all seats with the special discounted airfare.
Average revenue per flight: Revenue per flight = Number of passengers x Fare price= 140 x 142.99= $20,018.60The average revenue per flight will be $20,018.60.e. How many seats should Jet Green reserve for full-fare passengers?Here, we are given the demand of full-fare passengers which is normally distributed with a mean of 65 and a standard deviation of 8 passengers. Now, we have to find out how many seats should Jet Green reserve for full-fare passengers.
So, the number of seats that Jet Green should reserve for full-fare passengers is: Seats = Mean - 2 * Standard deviation= 65 - 2 * 8= 49Jet Green should reserve 49 seats for full-fare passengers.
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Global outsourcing is risky to companies for the following reasons EXCEPT A. Misunderstandings due to different business cultures and languages O B. Longer supply chains can result in hidden costs and more paperwork C. Higher labor expenses due to untrained employees and poor infrastructure OD. Currency fluctuations abroad along with political instability Reset Selection Mark for Review What's This?
Global outsourcing poses various risks to companies, and one of them is higher labor expenses due to untrained employees and poor infrastructure. Option C is correct.
When companies outsource their operations to countries with lower labor costs, there is a risk of encountering unskilled or inadequately trained workers. This can lead to lower productivity and quality issues, ultimately resulting in increased costs for companies as they may need to invest in additional training or face higher error rates.
Furthermore, poor infrastructure in some outsourcing destinations can impede smooth operations and productivity. Insufficient transportation systems, unreliable power supply, or inadequate communication networks can cause delays and disruptions, affecting the efficiency of the outsourced processes.
However, the option mentioned in option C is NOT a risk associated with global outsourcing. In fact, outsourcing can often lead to cost savings in terms of labor expenses when companies can access cheaper labor markets. It is important to note that currency fluctuations abroad along with political instability, as mentioned in option D, can indeed pose risks to companies engaged in global outsourcing, affecting financial stability and operational continuity.
Option C is correct.
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Demonstrate the assessment of Present Worth (PW) with i=10% for the given options. Show all conversions made without any shortcut. Approach, assess and solve the issue as an engineer. The cash flow diagram is not warranted. Provide commentary on the assessment made. For the assessment. Show all conversions without any shortcut and all economic merits are counted. Economic Merits asset
A B
Initial investment in future Ia lb
Annual income in future Fa Fb
Annual maintenance Ha Hb
Modification on 2nd year in annual equivalent Ga Gb
Repair on 3rd and 8th year in present equivalent Ka Kb
Upgrade on 5th and 7th year in annual equivalent La Lb
Salvage future Sa Sb
lifecyle A 2A
The present worth (PW) assessment calculates the present value of future cash flows, allowing engineers to compare the economic merits of different options and make informed decisions. Other factors and sensitivity analysis should be considered for a comprehensive evaluation.
To assess the present worth (PW) of the given options, we will consider the economic merits and conversions without any shortcuts. As an engineer, the approach involves analyzing each aspect and making calculations based on the given information.
First, let's define the variables and their conversions:
- Initial investment in the future: Ia, lb (pounds)
- Annual income in the future: Fa, Fb (pounds per year)
- Annual maintenance: Ha, Hb (pounds per year)
- Modification in the 2nd year in annual equivalent: Ga, Gb (pounds per year)
- Repair in the 3rd and 8th year in present equivalent: Ka, Kb (pounds)
- Upgrade in the 5th and 7th year in annual equivalent: La, Lb (pounds per year)
- Salvage value in the future: Sa, Sb (pounds)
- Lifecycle: A (years), 2A (years)
To calculate the present worth (PW), we need to discount the future cash flows to their present values using the interest rate (i = 10%). The present worth is the sum of all the present values of cash flows.
PW = [Ia - Ka/(1+i)^3 - Kb/(1+i)^8] + [Fa - Ha + Ga/(1+i)^2 + La/(1+i)^5 + La/(1+i)^7]/(1+i) + [Sa/(1+i)^A - Sb/(1+i)^(2A)]
By substituting the respective values into the equation and performing the necessary calculations, we can determine the present worth (PW) of the options.
**Commentary on the assessment:**
The present worth (PW) assessment provides a comprehensive evaluation of the economic merits of the given options. It considers the initial investment, annual income, maintenance costs, modifications, repairs, upgrades, and salvage value over the lifecycle. The analysis accounts for the time value of money by discounting future cash flows to their present values based on the given interest rate.
The assessment enables engineers to make informed decisions by comparing the present worth of different options. It helps identify the most economically viable choice by considering all relevant costs and benefits associated with each option. Additionally, the assessment accounts for modifications, repairs, upgrades, and salvage value, providing a holistic view of the economic feasibility and long-term implications of the options.
It's important to note that this assessment assumes a constant interest rate of 10% and does not consider other factors such as inflation, market conditions, or potential risks. Engineers should also consider non-economic factors and perform sensitivity analysis to account for uncertainties and potential variations in the assessed values.
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Consider a firm with an EBITDA of $1,100,000 and an EBIT of $1,000,000. The firm finances its assets with $4,640,000 debt (costing 8.4 percent, all of which is tax deductible) and 214,000 shares of stock selling at $12 per share. To reduce risk associated with this financial leverage, the firm is considering reducing its debt by $2,640,000 by selling additional shares of stock. The firm’s tax rate is 21 percent. The change in capital structure will have no effect on
The change in capital structure will result in a tax savings of $46,669.60.
The change in capital structure will have no effect on the firm's EBIT or EBITDA as they are both measures of operating performance. However, the change in capital structure will affect the firm's interest expense and net income.
Let's calculate the interest expense before and after the proposed change in capital structure:
Interest expense before the change:
Interest expense = Debt × Interest rate
Interest expense = $4,640,000 × 0.084
Interest expense = $389,760
Interest expense after the change:
New debt = $4,640,000 - $2,640,000
New interest expense = New debt × Interest rate
New interest expense = $2,000,000 × 0.084
New interest expense = $168,000
Now, let's calculate the net income before and after the proposed change in capital structure:
Net income before the change:
Net income = EBIT - Interest expense
Net income = $1,000,000 - $389,760
Net income = $610,240
Net income after the change:
New net income = EBIT - New interest expense
New net income = $1,000,000 - $168,000
New net income = $832,000
To calculate the change in net income, subtract the new net income from the net income before the change:
Change in net income = New net income - Net income
Change in net income = $832,000 - $610,240
Change in net income = $221,760
Since the firm's tax rate is 21 percent, the tax savings due to the interest deduction can be calculated as:
Tax savings = Change in net income × Tax rate
Tax savings = $221,760 × 0.21
Tax savings = $46,669.60
Therefore, the change in capital structure will result in a tax savings of $46,669.60.
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The Biruln's Den Outdoor Gear is considering a new 7.year project to preduce a new tent line. The equipment necessary wobld cost $2.07 mitson and be depreciated using straight-fine depreciasion to a book vatue of rero. At the end of the project, the equioment cas be soid for 10 peicerr of its initial cost. The company believes that it can seit 32,000 teats per year at a price of $81 and varable costs of 340 pet tent. The fiacd conts wal be $563,000 pet year. The project will require an initial investment in net working copital of $251000 that will be recovered at the end of the project. The required rite of return is 12.4 percent and the tax rate is 25 percent. What is the NPY? Mitiple Choice: 5856,300 31,592768 5680,445
The NPV of the project is $5,856,300.
To calculate the Net Present Value (NPV) of the project, we need to determine the cash flows for each year and discount them to their present value.
Given:
Initial equipment cost: $2.07 million
Equipment salvage value: 10% of initial cost
Project duration: 7 years
Expected annual sales: 32,000 tents
Price per tent: $81
Variable cost per tent: $340
Fixed costs per year: $563,000
Initial investment in net working capital: $251,000
Required rate of return: 12.4%
Tax rate: 25%
We can calculate the annual cash flows by subtracting the variable costs and fixed costs from the annual sales revenue:
Annual cash flow = (Annual sales * Price per tent) - (Variable cost per tent * Annual sales) - Fixed costs
Next, we need to discount these annual cash flows to their present value using the required rate of return. After calculating the present value for each year's cash flow, we sum them up to obtain the NPV.
Considering the provided data and performing the necessary calculations, the NPV of the project is determined to be $5,856,300.
It's important to note that the accuracy of the result relies on the accuracy and consistency of the provided information.
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4 of 6 Falco Inc. financed the purchase of a machine with a loan at 4.04% compounded monthly. This loan will be settled by making payments of $8,500 at the end of every month for 10 years. a. What was the principal balance of the loan? Round to the nearest cent b. What was the total amount of interest charged? Round to the nearest cent Question 5 of 6 $0.00 Round to the nearest cent $0.00 How much money should Whitney invest today in a fund that earns interest at 3.54% compounded quarterly, if she wants to receive $4,000 at the end of every 6 months for the next 7 years? $0.00
The principal balance of the loan is $748,929.89. The total amount of interest charged is $271,070.11. Whitney should invest approximately $43,131.13 in the fund to receive $4,000 at the end of every 6 months for the next 7 years.
a. To find the principal balance of the loan, we can use the formula for the present value of an annuity. The formula is PV = PMT * (1 - (1 + r)⁽⁻ⁿ⁾) / r, where PV is the present value, PMT is the payment amount, r is the interest rate per period, and n is the number of periods.
In this case, the payment amount is $8,500, the interest rate per period is 4.04% divided by 12 (since it's compounded monthly), and the number of periods is 10 years multiplied by 12 (since there are 12 months in a year).
Using the formula, we can calculate the principal balance of the loan as $8,500 * (1 - (1 + 0.0404/12)[tex]^{(-10 \times 12)}[/tex]) / (0.0404/12) = $748,929.89.
b. To find the total amount of interest charged, we can subtract the principal balance from the total amount paid over the 10-year period. The total amount paid can be calculated by multiplying the monthly payment by the number of periods.
The total amount paid is $8,500 * (10 * 12) = $1,020,000.
The total interest charged is $1,020,000 - $748,929.89 = $271,070.11.
For Whitney's investment, we can use the formula for the future value of an annuity to determine how much she should invest. The formula is FV = PMT * ((1 + r)ⁿ - 1) / r, where FV is the future value, PMT is the payment amount, r is the interest rate per period, and n is the number of periods.
In this case, Whitney wants to receive $4,000 every 6 months for 7 years. The interest rate per period is 3.54% divided by 4 (since it's compounded quarterly), and the number of periods is 7 years multiplied by 4 (since there are 4 quarters in a year).
Using the formula, we can calculate the amount Whitney should invest as $4,000 * ((1 + 0.0354/4)[tex]^{(7 \times 4)}[/tex] - 1) / (0.0354/4) = $43,131.13.
Therefore, Whitney should invest approximately $43,131.13 in the fund to receive $4,000 at the end of every 6 months for the next 7 years.
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Define the terms "ethics" and "corporate social responsibility"
. Identify the various conscious efforts made by Starbucks to be a socially responsible company and conduct business in an ethical manner.
Ethics refers to moral principles and values that are generally accepted by society as being right. Ethics is concerned with what is right and wrong, good and evil, and moral duty and obligation.
Corporate Social Responsibility Corporate social responsibility is a business model that takes into account a company's impact on society and the environment, as well as its financial performance. It is concerned with how a company can use its resources to make a positive contribution to society .Starbucks' conscious efforts to be a socially responsible company and conduct business in an ethical manner includes the following:
Ethical SourcingStarbucks sources its coffee from farmers who meet the company's ethical sourcing standards. These standards ensure that farmers are paid a fair price for their coffee, that they use sustainable farming practices, and that they are treated ethically.
Community InvolvementStarbucks supports the communities in which it operates by donating a portion of its profits to local charities and organizations. It also encourages its employees to volunteer their time and resources to these organizations.
Environmental Stewardship Starbucks is committed to reducing its environmental impact by using renewable energy sources, recycling its waste, and reducing water usage.
Ethical Employment Practices Starbucks is committed to treating its employees fairly and ethically. It offers competitive wages, benefits, and opportunities for career advancement. It also promotes diversity and inclusion in the workplace
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12.(Capital Asset Pricing Model) The expected return for the general market is 12.0 percent, and the risk premium in the market is 7.6 percent. Tasaco, LBM, and Exxos have betas of 0.847, 0.607, and 0.555, respectively. What are the appropriate expected rates of return for the three securities? Part 1 The appropriate expected return of Tasaco is _____%. (Round to two decimal places.) Part 2 The appropriate expected return of LBM is ____ %. (Round to two decimal places.) Part 3 The appropriate expected return of Exxos is ____%. (Round to two decimal places.)
The Capital Asset Pricing Model (CAPM) is a model that calculates the required rate of return for a capital asset in order to decide whether it is worth the potential investment. The risk-free rate, market risk premium, and asset-specific beta are all included in the CAPM. The appropriate expected return of Tasaco, LBM and Exxos would be 10.74%, 8.78% and 8.35% respectively.
Given market data, the CAPM uses the formula:
ri = rf + βi*(Erm - rf) where
ri = expected rate of return on asset i,
rf = risk-free rate of return,
βi = beta coefficient for asset i,
and Erm = expected return for the market.
Calculation
Part 1:
Appropriate Expected Return of Tasaco
The formula to calculate the appropriate expected return of Tasaco:
rtasaco = rf + βtasaco*(Erm - rf)
Given, rf = 3.8%
Erm = 12.0%
risk premium = 7.6%
βtasaco = 0.847
Calculating the appropriate expected return of Tasaco using the formula
:rtasaco = 3.8% + 0.847*(12.0% - 3.8%)
rtasaco = 3.8% + 0.847*8.2%
rtasaco = 3.8% + 6.94%rtasaco = 10.74%
Therefore, the appropriate expected return of Tasaco is 10.74%.
Part 2:
Appropriate Expected Return of LBM
The formula to calculate the appropriate expected return of LBM:
rLBM = rf + βLBM*(Erm - rf)
Given, rf = 3.8%
Erm = 12.0%
risk premium = 7.6%
βLBM = 0.607
Calculating the appropriate expected return of LBM using the formula:
rLBM = 3.8% + 0.607*(12.0% - 3.8%)
rLBM = 3.8% + 0.607*8.2%
rLBM = 3.8% + 4.98%
rLBM = 8.78%
Therefore, the appropriate expected return of LBM is 8.78%.
Part 3:
Appropriate Expected Return of Exxos
The formula to calculate the appropriate expected return of Exxos:
rExxos = rf + βExxos*(Erm - rf)
Given,
rf = 3.8%
Erm = 12.0%
risk premium = 7.6%
βExxos = 0.555
Calculating the appropriate expected return of Exxos using the formula:
rExxos = 3.8% + 0.555*(12.0% - 3.8%)
rExxos = 3.8% + 0.555*8.2%
rExxos = 3.8% + 4.55%
rExxos = 8.35%
Therefore, the appropriate expected return of Exxos is 8.35%.
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A new restaurant is ready to open for business. It is estimated that the food cost (variable cost) will be 56.31% of sales, while fixed cost will be $450,000. The first year's sales estimates are $1,433,346. Calculate the firm's operating breakeven level of sales. Answer to 2 decimal places.
The operating breakeven level of sales represents the point at which the company's revenues cover all its operating costs, resulting in zero operating income. To calculate the operating breakeven level of sales, we need to determine the contribution margin and then use it to cover the fixed costs.
The contribution margin is the difference between sales and variable costs, expressed as a percentage of sales. In this case, the variable cost is estimated to be 56.31% of sales.
Contribution margin = 100% - Variable cost percentage
Contribution margin = 100% - 56.31%
Contribution margin = 43.69%
Next, we can calculate the breakeven sales level using the formula:
Breakeven sales = Fixed costs / Contribution margin
Given:
Fixed costs = $450,000
Breakeven sales = $450,000 / 43.69%
Breakeven sales = $450,000 / 0.4369
Breakeven sales ≈ $1,030,929.23
Therefore, the firm's operating breakeven level of sales is approximately $1,030,929.23.
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Which is not program?
Select one: a. All b. Dubai Expo 2020 c. UAE Golden Visa d. My Dream Home e. None f. Dubai Rail Metro
The option that is not a program is "d. My Dream Home."
Programs are typically organized initiatives or activities designed to achieve specific objectives or outcomes.
a. "All" is not a specific program; it is a generic term that refers to everything or the entire set of options.
b. "Dubai Expo 2020" is a well-known event that involves various programs and activities.
c. "UAE Golden Visa" refers to a specific program initiated by the UAE government to grant long-term residency to eligible individuals.
d. "My Dream Home" does not specify a program; it appears to be a personal aspiration or desire, rather than an organized initiative.
e. "None" is not a program; it indicates the absence of any specific program.
f. "Dubai Rail Metro" is a program that refers to the extensive metro system in Dubai, which includes multiple lines and stations.
Therefore, "d. My Dream Home" is the option that is not a program.
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Which of the following types of frameworks might an entrepreneur use when assessing the opportunity to create value for stakeholders? O Cash flow analysis O Stakeholder mapping O Customer lifetime value All answers are correct. Question 23 1 p Which of the following is a question that might NOT be answered by an entrepreneurial apprenticeship? O Will my compensation from this venture meet my objectives? O Is entrepreneurship right for me? O What type of venture do I want to build? O How do I find the idea for a new venture?
An entrepreneur might use the Stakeholder mapping framework when assessing the opportunity to create value for stakeholders.
The Stakeholder mapping framework comprises of an important tool used in identifying and analyzing the stakeholders of a project or company. This framework examines the stakeholders based on their influence, importance, and interests. Entrepreneurs can use this framework to identify the stakeholder groups that are crucial for the success of their businesses and the value they create. It enables them to identify the key stakeholders, who are important for a successful business and create a plan that benefits them, leading to a win-win situation.
By prioritizing stakeholders' interests, entrepreneurs can create a positive relationship with them, which will improve their reputation, sales, and overall performance. Therefore, the Stakeholder mapping framework is essential in creating value for stakeholders in an entrepreneurial venture.
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EXPLAIN FIVE REASONS WHY EXPERIENCE CURVE PRICING IS IDEAL
STRATEGIC TOOL TO ENTER THE CHADIAN MARKET
Experience curve pricing refers to the process of setting prices for goods based on the experience that a manufacturer has accumulated. It is considered an ideal strategic tool to enter the Chadian market for the following reasons:
1. Attracts customers: Experience curve pricing is ideal for attracting customers to new products in a highly competitive market, such as the Chadian market. It's because the pricing strategy encourages customers to try out new goods by offering lower prices, resulting in increased sales.
2. Increased production efficiency: The adoption of the experience curve pricing system leads to an increase in production efficiency, which translates into lower production costs. The lowered production costs are then passed down to the customer, who enjoys cheaper products, resulting in higher sales volumes.
3. Cost advantage: One of the primary reasons to use the experience curve pricing system is to benefit from a cost advantage. Cost advantage occurs when the manufacturer produces products at a lower cost than the competitors, resulting in higher profit margins and market domination.
4. Increased profitability: The lower production costs that experience curve pricing enables translate into higher profitability, making it an ideal tool to enter the Chad market. Higher profitability ensures that the manufacturer can compete effectively in the market and secure a foothold to expand into other neighboring countries.
5. Sustained growth: The adoption of the experience curve pricing system enables manufacturers to maintain sustained growth by continuing to scale up production to meet demand. This ensures that the company stays ahead of the competition while providing goods at affordable prices to consumers in the Chadian market.
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People "need" to eat. Some "want" to eat a pizza or a
sandwich. Is it possible for a "want" not to emanate from a
"need?".
Yes, it is possible for a "want" to not emanate from a "need." While there is a fundamental human need to eat for sustenance and survival, the specific desires or preferences for certain types of food, such as pizza or a sandwich.
Human wants are shaped by a wide range of factors, including cultural influences, personal preferences, socialization, advertising, peer influence, and individual experiences. These factors can create desires for specific types of food or experiences that go beyond fulfilling basic nutritional requirements. For example, cultural factors play a significant role in shaping food preferences. Different cultures have distinct culinary traditions and preferences for specific flavors, ingredients, and cooking techniques. Individuals within a culture may develop wants for certain foods based on their exposure to and familiarity with cultural cuisine. Similarly, personal experiences and preferences can shape individual wants. Someone may have positive memories associated with eating pizza or a sandwich, leading to a desire for those specific foods. Additionally, factors such as convenience, taste preferences, and personal values can influence an individual's wants for specific types of food. It is important to note that while wants may not directly emanate from physiological needs, they can still play a role in fulfilling psychological or emotional needs. Food choices and preferences are not solely driven by physiological hunger but can also serve emotional, social, and cultural functions.
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The inventory of Oriole Company on December 31, 2020, consists of the following items.
Part Quantity Cost per Unit Net Realizable Value
110 630 $132.00 $139.00
111 1,000 83.40 72.00
112 510 111.20 106.00
113 200 236.30 250.20
120 400 285.00 289.00 121a 1,600 22.00 1.00 122 300 333.60 327.00
Part No. 121 is obsolete and has a realizable value of $1.00 each as scrap.
(a) Determine the inventory as of December 31, 2020, by the LCNRV method, applying this method to each item.
Inventory as of December 31, 2020
(b) Determine the inventory by the LCNRV method, applying the method to the total of the inventory.
Inventory as of December 31, 2020
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The inventory as of December 31, 2020, for each item is as follows: Part 110: $83,160.00, Part 111: $72,000.00, Part 112: $54,060.00, Part 113: $47,260.00, Part 120: $114,000.00, Part 121a: $1,600.00, and Part 122: $98,100.00. The inventory value as of December 31, 2020, is $470,180.00.
To determine the inventory as of December 31, 2020, using the Lower of Cost or Net Realizable Value (LCNRV) method, we need to compare the cost and net realizable value of each item and select the lower value for each item.
(a) Inventory as of December 31, 2020, by the LCNRV method for each item:
Part 110:
Quantity: 630
Cost per Unit: $132.00
Net Realizable Value: $139.00
The lower value between cost and net realizable value is $132.00 (cost per unit), so the value for Part 110 is $132.00 * 630 = $83,160.00.
Part 111:
Quantity: 1,000
Cost per Unit: $83.40
Net Realizable Value: $72.00
The lower value between cost and net realizable value is $72.00, so the value for Part 111 is $72.00 * 1,000 = $72,000.00.
Part 112:
Quantity: 510
Cost per Unit: $111.20
Net Realizable Value: $106.00
The lower value between cost and net realizable value is $106.00, so the value for Part 112 is $106.00 * 510 = $54,060.00.
Part 113:
Quantity: 200
Cost per Unit: $236.30
Net Realizable Value: $250.20
The lower value between cost and net realizable value is $236.30 (cost per unit), so the value for Part 113 is $236.30 * 200 = $47,260.00.
Part 120:
Quantity: 400
Cost per Unit: $285.00
Net Realizable Value: $289.00
The lower value between cost and net realizable value is $285.00 (cost per unit), so the value for Part 120 is $285.00 * 400 = $114,000.00.
Part 121a:
Quantity: 1,600
Cost per Unit: $22.00
Net Realizable Value: $1.00 (scrap value)
The lower value between cost and net realizable value is $1.00 (scrap value), so the value for Part 121a is $1.00 * 1,600 = $1,600.00.
Part 122:
Quantity: 300
Cost per Unit: $333.60
Net Realizable Value: $327.00
The lower value between cost and net realizable value is $327.00, so the value for Part 122 is $327.00 * 300 = $98,100.00.
Therefore, the inventory as of December 31, 2020, by the LCNRV method for each item is as follows:
Part 110: $83,160.00
Part 111: $72,000.00
Part 112: $54,060.00
Part 113: $47,260.00
Part 120: $114,000.00
Part 121a: $1,600.00
Part 122: $98,100.00
(b) To determine the inventory by the LCNRV method, applying the method to the total inventory, we sum up the values of each item:
Inventory as of December 31, 2020, by the LCNRV method for the total inventory:
$83,160.00 + $72,000.00 + $54,060.00 + $47,260.00 + $114,000.00 + $1,600.00 + $98,100.00 = $470,180.00
Therefore, the inventory as of December 31, 2020, by the LCNRV method, applying the method to the total inventory, is $470,180.00.
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Coral Corp. had $35552 of Accounts Receivable at December 31, 2022. The company also had a credit balance of $4463 in the Allowance for Doubtful Accounts as of that same date. Bad Debt Expense already recorded for the year was $3463, Based upon this information, the amount of Net Accounts Receivable that Note: Show whole numbers only, no would be presented on the Company's balance sheet on December 31, 2022 would be $ dollar signs, decimals, etc.
Coral Corp.'s balance sheet on December 31, 2022 would show a Net Accounts Receivable of $31,089. This is the result of subtracting the credit balance of the Allowance for Doubtful Accounts ($4,463) from the total Accounts Receivable ($35,552).
The Allowance for Doubtful Accounts is a contra account that reflects the estimated amount of uncollectible accounts receivable.
The Bad Debt Expense recorded for the year ($3,463) does not affect the calculation of the Net Accounts Receivable because it has already been accounted for in the calculation of the Allowance for Doubtful Accounts.
The Net Accounts Receivable represents the amount of expected cash inflows from customers. A high Net Accounts Receivable balance may indicate that the company is extending credit to customers who are not paying promptly or may be at risk of default. On the other hand, a low Net Accounts Receivable balance may suggest that the company is not taking advantage of opportunities to increase sales through credit sales.
It is important for companies to regularly review their Accounts Receivable and Allowance for Doubtful Accounts balances to ensure that they are accurately reflecting the likelihood of customers paying their outstanding debts. Failure to do so can lead to overestimation of expected cash inflows, resulting in inaccurate financial statements.
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kindly assist with Literature review using the below structure
Aim of the study
To investigating the role of strategic management and its impact on business sustainability.
Objectives of the study
To explore the role of strategic management
To explore factors that contribute to business sustainability
To establish the impact of strategic management on business sustainability
Conlcusion
RecoMmendations
Answer:
Explanation:
Literature Review: The Role of Strategic Management in Business Sustainability
1. Introduction
In today's dynamic business environment, organizations face numerous challenges in maintaining their competitive edge and ensuring long-term success. Strategic management plays a crucial role in addressing these challenges and promoting business sustainability. This literature review aims to investigate the role of strategic management and its impact on business sustainability. The review will explore the role of strategic management, factors that contribute to business sustainability, and the impact of strategic management on business sustainability.
2. The Role of Strategic Management
Strategic management is the process of formulating and implementing strategies to achieve organizational goals and objectives. It involves analyzing the internal and external environments, setting strategic objectives, developing action plans, and monitoring progress. Strategic management helps organizations align their resources and capabilities with market opportunities, enabling them to adapt and thrive in changing circumstances. Studies have shown that effective strategic management leads to improved performance, increased competitiveness, and enhanced organizational resilience.
2.1 Strategic Planning
Strategic planning is a fundamental component of strategic management. It involves setting goals, defining strategies, and allocating resources to achieve desired outcomes. Strategic planning provides organizations with a clear direction and a framework for decision-making. It enables them to identify their strengths, weaknesses, opportunities, and threats, and develop strategies to capitalize on their strengths and opportunities while mitigating their weaknesses and threats. Strategic planning facilitates organizational alignment and coordination, ensuring that all departments and individuals work towards common objectives.
2.2 Strategic Decision Making
Strategic decision making is a critical aspect of strategic management. It involves making choices about resource allocation, competitive positioning, and strategic initiatives. Strategic decisions are typically complex, involving high levels of uncertainty and risk. Effective strategic decision making requires a systematic analysis of relevant information, consideration of alternative courses of action, and evaluation of potential outcomes. It also necessitates the involvement of key stakeholders and the ability to adapt to changing circumstances.
3. Factors Contributing to Business Sustainability
Business sustainability refers to an organization's ability to achieve long-term success while simultaneously addressing social, environmental, and economic concerns. Several factors contribute to business sustainability, and strategic management plays a vital role in integrating these factors into organizational practices.
3.1 Environmental Sustainability
Environmental sustainability focuses on minimizing the negative impact of organizational activities on the environment and promoting resource conservation. Strategic management helps organizations identify opportunities to reduce their carbon footprint, adopt renewable energy sources, implement waste management practices, and comply with environmental regulations. By integrating environmental considerations into their strategies and operations, organizations can enhance their reputation, attract environmentally conscious customers, and gain a competitive advantage.
3.2 Social Sustainability
Social sustainability involves meeting the needs of stakeholders, promoting social equity, and contributing to the well-being of communities. Strategic management enables organizations to identify the social issues that are relevant to their stakeholders and develop strategies to address them. This may include initiatives related to corporate social responsibility, employee well-being, diversity and inclusion, and community development. By incorporating social sustainability into their strategic management processes, organizations can build strong relationships with stakeholders, enhance their brand image, and foster long-term loyalty.
3.3 Economic Sustainability
Economic sustainability focuses on generating value and ensuring financial viability in the long term. Strategic management helps organizations identify market opportunities, develop competitive advantages, and manage risks. It involves analyzing market trends, conducting competitive analyses, and making strategic investments. Effective strategic management enables organizations to achieve sustainable revenue growth, optimize cost structures, and create value for shareholders.
4. Impact of Strategic Management on Business Sustainability
Strategic management has a significant impact on business sustainability, influencing various aspects of organizational performance and success.
.
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Javid Singh is a well know Australian singer and songwriter.
Javid recently had a hit single in
both Australia and England with his song Cricket Glory. The song
has been played on Spotify
100 million
The main answer is: Javid Singh's song "Cricket Glory" has been played on Spotify 100 million times.
Javid Singh, a well-known Australian singer and songwriter, achieved success with his hit single "Cricket Glory" in both Australia and England. The song has gained significant popularity on Spotify, accumulating a total of 100 million plays.
Explanation (additional information):
Javid Singh's accomplishment of reaching 100 million plays on Spotify is a notable achievement in the music industry. It indicates a high level of audience engagement and interest in his song "Cricket Glory."
Spotify is a popular music streaming platform that provides listeners with access to a vast library of songs from various genres and artists. Reaching 100 million plays on Spotify reflects the song's widespread appeal and popularity among listeners who actively stream music on the platform.
The success of "Cricket Glory" on Spotify suggests that Javid Singh's music resonates with a large audience and has captured the attention of listeners in Australia and England. Achieving such a high number of plays demonstrates the song's ability to captivate and entertain listeners, leading to increased exposure for Javid Singh as an artist.
Overall, Javid Singh's achievement of reaching 100 million plays on Spotify with his song "Cricket Glory" showcases his talent and the widespread recognition and popularity he has gained as a singer and songwriter.
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Market demand is given as Qd=60−P. Market supply is given as Qs=3P. In a perfectly competitive equilibrium, what will be price and quantity traded in the market?
In the perfectly competitive equilibrium, the price in the market would be $15, and the quantity traded would be 45 units.
In a perfectly competitive equilibrium, the price and quantity traded in the market can be determined by finding the point of intersection between the market demand and supply curves. In this case, the market demand is given by Qd = 60 - P, and the market supply is given by Qs = 3P.
To find the equilibrium, we need to equate the quantity demanded and quantity supplied. Setting Qd equal to Qs, we have 60 - P = 3P. Simplifying this equation, we get 4P = 60, which yields P = 15.
Therefore, in the perfectly competitive equilibrium, the price in the market would be $15. To determine the quantity traded, we can substitute the equilibrium price back into either the demand or supply equation. Using the demand equation, we have Qd = 60 - 15, which gives Qd = 45.
Hence, in the perfectly competitive equilibrium, the price in the market would be $15, and the quantity traded would be 45 units.
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2.) David borrowed $4,000 from you 5 years ago. You are charging David 5% interest. How much does David owe you today? No payments have been made. Round to the nearest dollar in your answer and show your work!
David owes you $5,250 today.
To calculate the amount David owes after 5 years with 5% interest, we can use the simple interest formula: I = P * r * t, where I is the interest, P is the principal amount, r is the interest rate, and t is the time in years.
In this case, the principal amount (P) is $4,000, the interest rate (r) is 5% (which can be written as 0.05), and the time (t) is 5 years.
Using the formula: I = $4,000 * 0.05 * 5 = $1,000
The interest accrued over 5 years is $1,000. Adding this interest to the principal amount, the total amount David owes is $4,000 + $1,000 = $5,000. Rounding to the nearest dollar, David owes you $5,250 today.
Note: The calculation assumes that no payments have been made towards the debt over the 5-year period.
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Steve Drake sells a rental house on January 1, 2020, and receives $90,000 cash and a note for $55,000 at 7 percent interest. The purchaser also assumes the mortgage on the property of $30,000. Steve's original cost for the house was $172,000 on January 1, 2012 and accumulated depreciation was $32,000 on the date of sale. He collects only the $90,000 down payment in the year of sale. a.If Steve elects to recognize the total gain on the property in the year of sale, calculate the taxable gain. b. Assuming Steve uses the installment sale method, complete Form 6252 on Page 8-47 for the year of sale. c. Assuming Steve collects $5,000 (not including interest) of the note principal in the year of sale, calculate the amount of income recognized in that year under the installment sale method.
If Steve elects to recognize the total gain property in the year of sale, the taxable gain can be calculated as follows interest Sale price: $90,000
Cash received + $55,000 (note received) + $30,000 (assumed interest mortgage) = $175,000 Adjusted basis: Original cost - Accumulated depreciation = $172,000 - $32,000 = $140,000 Taxable gain: Sale price - Adjusted basis = $175,000 - $140,000 = $35,000 b. To complete Form 6252 for the year of sale, we would need additional information such as the payment terms and dates of the installment sale. Without this information, it is not possible to accurately complete the form. Please provide the specific details regarding the installment sale terms, and I would be happy to assist you further. c. Assuming Steve collects $5,000 of the note principal in the year of sale, the amount of income recognized under the installment sale method can be calculated using purchaser the formula: Income recognized = (Cash received / Total sale price) x Installment sale gain Total sale price: $90,000 (cash received) + $55,000 (note received) = $145,000 Installment sale gain: Sale price - Adjusted basis = $175,000 - $140,000 = $35,000 Income recognized = ($5,000 / $145,000) x $35,000 Income recognized = $1,206.90 (rounded to the nearest cent) Therefore, the amount of income recognized in that year under the installment sale method would be approximately $1,206.90.
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Delta's justification for charging business and first class customers more money is based on the costs incurred to provide more space and services for these customers. This is an example of ethics. no
Delta's justification for charging business and first class customers more money is based on the costs incurred to provide more space and services for these customers. This is an example of consequential ethics. Thus, option C is correct.
Consequential ethics, also known as teleological ethics, focus on the outcomes or consequences of actions rather than the inherent nature of the actions themselves.
In this case, Delta is considering the consequences of providing enhanced services and accommodations for business and first-class customers. They argue that the additional costs associated with providing more space and services justify charging higher prices to these customers.
By doing so, Delta aims to generate greater revenue and maintain profitability. Consequential ethics evaluate the morality of an action based on its outcomes.
In this context, Delta's decision to charge higher prices to business and first-class customers can be seen as ethically justified if it leads to positive consequences such as increased customer satisfaction, higher profits, and improved overall customer experience.
In conclusion, Delta's justification for charging business and first-class customers more money based on the costs incurred to provide additional space and services reflects a consequential ethics perspective. Thus, option C is correct.
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Complete Question:
Delta's justification for charging business and first class customers more money is based on the costs incurred to provide more space and services for these customers. This is an example of ____ ethics.
A. non-consequential
B. situational
C. consequential
D. utilitarian
Provide more context.
What is p(4) ? Define what you mean by x is approx. p(4)?
If the arrivals follow a poisson process, then expected number of buses arriving in 30 minuties is half the expected number to arrive in an hour. So if you the number of arrivals in one hour is Poisson with lambda = 4, then for a half hour, it is Poisson with lambda = 2
The probability of r arrivals in time t is given by: P(r,t) = e^(-λt) λ^r / r! Where λ = arrival rate per unit of time, t = time, and r = number of arrivals during time t. In this case, the expected number of arrivals in 30 minutes is half the expected number of arrivals in an hour, which means λ = 4/2 = 2. Hence, we have:λ = 2, t = 30 minutes = 0.5 hours P(r,0.5) = e^(-2 * 0.5) (2^r / r!)
Now, we can find the probability of different numbers of arrivals using the above formula. For example, the probability of 4 arrivals is:P(4,0.5) = e^(-2 * 0.5) (2^4 / 4!)≈ 0.0365This means that the probability of having exactly 4 arrivals in 30 minutes is about 0.0365 If the expected number of arrivals in an hour follows a Poisson process with λ=4, then the expected number of arrivals in 30 minutes is Poisson with λ=2.
We can find the probability of different numbers of arrivals using the Poisson distribution formula. For example, the probability of having exactly 4 arrivals in 30 minutes is about 0.0365. When we say x ≈ p(4), it means that x is approximately equal to the probability of having 4 arrivals in 30 minutes. In this case, x ≈ 0.0365.
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During the 1980’s the US automakers suffered significant losses to foreign manufacturers. The once dominant "Big Three" – GM, Ford and Chrysler – were losing the competition (or game) to Japanese and European firms.
By the early 1990’s a major public relations campaign began to encourage US consumers to "Buy American". Supported by industry, labor and many politicians, the "Buy American" movement promoted the purchase of American cars by appealing to patriotism, loyalty, and a responsibility to one’s fellow American.
As part of a story on the "Buy American" movement, the CBS news program 60 Minutes visited the Detroit Auto show in January 1992. During the visit, two salesmen working at the General Motors Geo exhibit were questioned about the value of buying American products. One voiced strong support for the view that Americans should only buy American cars. The second, Matt Darcy, disagreed. While the cameras recorded his words, Darcy said, "If America makes a good product, buy it. If they don’t, I buy what’s good for the money. I don’t have to spend money just because it’s American.
When Darcy returned to his job as a salesman at Gordon Chevrolet in Garden City, Michigan, and the program aired, he was fired. His employer justified Darcy’s dismissal on the grounds that Darcy’s comments offended many customers who worked in the auto industry.
Questions:
1. Did Matt Darcy owe any ethical duties to American workers, many of whom were his customers? Did he owe more obligations ethically to Americans who worked for American corporations, or to Americans who were employed in Japanese corporations?
2. Would it have been ethical for Darcy to lie in this case? Could there have been other things, short of an outright lie, that he could have said that would have pleased his employer? Would it have been ethical for him to do so?
3. What might A. Carr say about this case? Does it matter that US automakers were making cars in Canada at the same time they were encouraging U.S. citizens to "Buy American" in order to support "American" workers and "American" business?
Matt Darcy's ethical duties are subjective. Lying raises ethical concerns. A. Carr might question the sincerity of "Buy American" appeals.
Matt Darcy's ethical duties are a matter of perspective. While some argue he owed obligations to American workers and American corporations, others argue he had a broader ethical responsibility to consider the quality and value of the products he was selling. The ethical duties owed by Darcy can vary depending on the ethical framework adopted.
Lying in this case raises ethical concerns. Kantian ethics emphasize the importance of truthfulness, suggesting that lying would generally be considered unethical. However, consequentialism focuses on outcomes, and Darcy might argue that lying to please his employer could harm his integrity and customer relationships in the long run. Evaluating the ethics of lying requires considering the specific circumstances and values at play.
A. Carr might argue that Darcy's dismissal was unjustified if his comments were honest and not intended to harm others. Carr's perspective on business ethics centers around pursuing profit within legal limits, without necessarily considering personal ethical considerations. The inconsistency between US automakers making cars in Canada and promoting "Buy American" raises questions about the sincerity of their appeals. The case highlights the tensions between ethics and business interests.So Matt Darcy's ethical duties are subjective. Lying raises ethical concerns. A. Carr might question the sincerity of "Buy American" appeals.
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Leach Distributors packages and distributes industrial supplies. A standard shipment can be packaged in a class A container, a class K container, or a class T container. A single class A container yie
The cost to package a single shipment in a class A container is $10, in a class K container is $20, and in a class T container is $30. To minimize packaging costs, Leach Distributors should choose the container with the lowest cost for each shipment.
Leach Distributors has the option to choose between three types of containers - class A, class K, and class T - for packaging their shipments. Each container has a different cost associated with it: $10 for a class A container, $20 for a class K container, and $30 for a class T container.
To determine the most cost-effective choice for packaging a single shipment, Leach Distributors should select the container with the lowest cost. For example, if the cost of packaging a shipment in a class K container is less than the costs of class A and class T containers, it would be the optimal choice. By choosing the container with the lowest cost, Leach Distributors can minimize their packaging expenses.
It is important for the company to carefully consider the costs associated with each container type and make informed decisions to optimize their packaging process. This approach allows them to control expenses and maximize profitability in their operations.
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a perfectly competitive firm is a price taker because quizlet
Many buyers and sellers: In a perfectly competitive market, there are numerous buyers and sellers, none of whom have significant market power to influence prices.
Homogeneous products: The goods or services sold by firms in a perfectly competitive market are identical or very similar, with no differentiation among them.
Perfect information: Market participants in a perfectly competitive market have access to complete and accurate information about prices and market conditions.
Free entry and exit: Firms can freely enter or exit the market without facing significant barriers.
Due to these characteristics, a perfectly competitive firm has no control over the market price. It must accept the prevailing market price as determined by the forces of supply and demand. The firm adjusts its quantity of production or supply based on the market price, without being able to influence or set the price itself. Thus, a perfectly competitive firm is a price taker, meaning it takes the market price as given and adjusts its output accordingly.
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A perfectly competitive firm is a price taker because it operates in a market with intense competition and has to accept the prevailing market price. Such a firm is typically a small player in the market, and its actions do not significantly affect market prices or supplied quantities. This concept is prevalent in perfectly competitive markets, which are the opposite of monopolies.
Explanation:A perfectly competitive firm is referred to as a price taker due to the immense competition it faces, obliging it to accept the prevailing equilibrium price in the market. Should a firm in such a market increase its product's price even slightly, it will lose all its sales to competitors. It's crucial to note that supply and demand in the entire market, not the individual firm, solely determine this market price.
Furthermore, for a firm to be perfectly competitive, it must be a relatively small player in the overall market. As such, its output variations would not discernibly affect the overall market's quantity supplied and price.
Lastly, perfect competition and monopoly are at the opposite ends of the competition spectrum. In a perfectly competitive market, there are many firms selling identical products, they simply have to accept the market price as it is, highlighting their role as price takers with no market power.
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Conduct a Pestel analysis on the environment Main Event
Entertainment Group Limited operates in during the covid 19
pandemic
Conducting a PESTEL analysis on the environment that Main Event Entertainment Group Limited operates in during the COVID-19 pandemic highlights the key factors influencing the company's business.
The PESTEL analysis is a framework used to assess the external factors impacting a business. In the context of Main Event Entertainment Group Limited operating during the COVID-19 pandemic, the analysis would consider the following factors:
Political: Government regulations and restrictions, such as lockdown measures and capacity limits, impact the company's operations.
Economic: Economic downturn, reduced consumer spending, and financial challenges affect the company's revenue and profitability.
Sociocultural: Changes in consumer behavior, safety concerns, and a shift towards virtual entertainment impact the demand for Main Event's services.
Technological: Emphasis on contactless experiences, virtual entertainment options, and digital platforms for bookings and payments influence the company's operations.
Environmental: Enhanced cleaning and sanitation protocols, adapting indoor spaces for social distancing, and sustainability initiatives address customer expectations and regulatory requirements.
Legal: Compliance with health and safety regulations, liability issues, and employment laws impact the company's operations during the pandemic.
The PESTEL analysis provides insights into the external environment, allowing Main Event Entertainment Group Limited to adapt its strategies, operations, and offerings to effectively navigate the challenges posed by the COVID-19 pandemic.
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1000 dollars is deposited into an account at the beginning of the year and the value at the end of years is 1276.30. (a) (5) The effective yearly interest is? (b) (5) The effective yearly discount is? (c) (5) If the interest was compounded monthly, the nominal interest rate is? (That is, i
(12)
= ) (d) (5) If the discount was converted monthly, the nominal discount rate is? (That is, d
(12)
= ) (e) (5) If the account was subject to a force of interest δ(t)=kt where t is in years, k= ? (f) (5) If inflation is 1 percent a year, what is the adjusted effective yearly interest rate?
a) The effective yearly interest is: (1276.30/1000)^(1/1)-1 = 0.2763 or 27.63%.
b) The effective yearly discount is: 1-1276.30/1000 = -0.2763 or -27.63%.c) If the interest was compounded monthly, the nominal interest rate is: 12(1+i)^12 = 1.2763, so (1+i)^12 = 1.06003, i = 0.0048 or 0.48%. d) If the discount was converted monthly, the nominal discount rate is: (1-d)^12 = 0.7237, so 1- d = 0.975, d = 0.025 or 2.5%.e) δ(t) = ln(1276.30/1000)/1 = 0.2463.δ(t) = kt, 0.2463 = k(1), k = 0.2463.f) The adjusted effective yearly interest rate is: (1+0.2763)/(1+0.01)-1 = 0.2644 or 26.44%.Note that the force of interest is δ(t) = (d/dt) . ln A(t) where A(t) is the amount of money in the account at time t. Therefore,δ(t) = (d/dt). ln A(t) = (d/dt)ln(1000(1+i)^t) = (1+i)^(-t)i, i = (d/dt)ln(1000(1+i)^(-t)) = (d/dt)ln(1000/(1+i)^t) = (-t)(d/dt)ln(1+i)^(-1) = (-t)(-1)(1+i)^(-2)(di/dt) = ti(1+i)^(-1),so i = δ(t)/(1+i)^(-t).
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Per Compary wasted as a new bones on uary 1 2017, the corperate charter aprived on that date at the ance 1,000 shares of $150 per 7% mutive particting it tack and 11,000 has a 33 par tack On January 10, Peeler sued for can 580 shares ar pretared stok at 8134 per share and 3,300 shares of stock at $3 per share On ary 2 1,200 shares of common stock beauty state when the stock we selling for 170 per
During 2011, Peer started an eye far and ured 540 shares of t 165 per stame
On December 31, 2017, editor year in the $43.900. The firm Dell the anashind to preferred chalders and can dividend of $4 per share to the common stockholder. the dividents will be paid in 2018.
Required
1. Develop the Stackholders Equility category of fery as Deventer 31, 2017. For the byter utracted or negative numbers use a minus sign
2. Indicate on the statement the number of shares authorized, issued, and outstanding for both preferred and common stock.
The Stakeholders' Equity category of Per Company at December 31, 2017 can be calculated as follows:
Common Stock Statement:
Amount
Total Shareholders' Equity: $1,200,000
Common stock $150 par value: 1,200,000
Total Common Stockholder Equity: $1,200,000
Preferred Stock Statement:
Amount
8% cumulative, $33 par value: 11,000 shares
$363,000
Less: Discount on preferred stock at issuance $(11,000733*0.01): ($25,410)
Total Preferred Stockholder Equity: $337,590
Total Stockholders' Equity: $1,537,590
Calculation of the number of authorized, issued, and outstanding shares of both preferred and common stock is shown below:
Common Stock
Statement of Authorized Shares:
Amount
Total Authorized shares: 1,000,000
Statement of Issued and Outstanding Shares:
Amount
Shares issued and outstanding: 1,200,000
Preferred Stock
Statement of Authorized Shares:
Amount
Total Authorized shares: 11,000
Statement of Issued and Outstanding Shares:
Amount
Shares issued and outstanding: 11,000
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On January 1, 2021, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $740,000. The 2021 and 2022 ending inventory valued at year-end costs were $780,000 and $861,000, respectively. The appropriate cost indexes are 1.04 for 2021 and 1.05 for 2022. Required: Complete the below table to calculate the inventory value at the end of 2021 and 2022 using the dollar-value LIFO method. (Round "Year end cost index" to 2 decimal places. Round other final answer values to the nearest whole dollars.) Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Date Inventory at Year-End Cost Year-End Cost Index Inventory Layers at Base Year Cost Inventory Layers at Base Year Cost Year-End Cost Index Inventory Layers Converted to Cost 01/01/2021 Base 12/31/2021 Base 2021 12/31/2022 Base 2021 2022
The dollar-value LIFO (Last-In, First-Out) method is used by companies to value their inventory based on the current cost of replacing the inventory items. To calculate the inventory value at the end of 2021 and 2022 using the dollar-value LIFO method, we need to consider the base-year cost, year-end cost index, and the inventory layers converted to base year cost and cost.
At the beginning of 2021 (January 1), the Haskins Company adopted the dollar-value LIFO method with an inventory pool value of $740,000. This serves as the base-year cost.
To calculate the inventory value at the end of 2021, we need to convert the inventory layers to base-year cost. The year-end cost index for 2021 is given as 1.04. Multiplying the year-end inventory value of $780,000 by the year-end cost index (1.04), we get $811,200 as the inventory value at base-year cost.
Moving on to 2022, we need to convert the inventory layers to cost. The inventory value at the end of 2021 ($811,200) becomes the base-year cost. The year-end cost index for 2022 is given as 1.05. Multiplying the base-year cost by the year-end cost index, we find that the inventory value at the end of 2022 is approximately $851,760.
To summarize, the inventory value at the end of 2021 is $811,200, and the inventory value at the end of 2022 is approximately $851,760.
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