An HR dashboard has become an increasingly important tool for organizations looking to manage their human capital effectively.
By providing a single, centralized location for all HR-related data, dashboards give decision-makers the ability to make informed and strategic decisions about their workforce.
This is achieved by presenting key metrics and performance indicators in an easy-to-read and customizable format, which allows managers and executives to quickly and easily identify trends, spot potential problems, and make necessary adjustments.
One of the primary benefits of an HR dashboard is that it provides a comprehensive overview of human resource information. This includes key metrics such as headcount, turnover rates, and diversity statistics, all of which are critical for understanding the current state of an organization's workforce. With this information readily available, decision-makers can identify areas where improvements need to be made, assess the effectiveness of their human capital strategy, and adjust their approach to ensure they are meeting their goals.
In addition to providing a single picture of HR information, dashboards may also provide tools for creating reports and managing system data. However, these features are secondary to the primary purpose of the dashboard, which is to provide a clear and concise overview of human resource information. Ultimately, the use of an HR dashboard can help organizations optimize their workforce, improve decision-making, and drive business results.
Learn more about HR dashboard here:
https://brainly.com/question/29023807
#SPJ11
Calculate the amount of money Elizabeth had to deposit in an investment fund growing at an interest rate of 2.00% compounded annually, to provide his daughter with $15,000 at the end of every year, for 3 years, throughout undergraduate studies. $0.00 Round to the nearest cent
To provide her daughter with $15,000 at the end of every year for 3 years, Elizabeth would need to deposit approximately $4,897.66 into the investment fund, assuming a 2.00% interest rate compounded annually.
To calculate the amount of money Elizabeth needs to deposit in the investment fund, we can use the formula for the future value of an ordinary annuity:
FV = P * [(1 + r)^n - 1] / r
Where:
FV = Future value (desired amount of $15,000 per year)P = Principal (amount to be deposited)r = Interest rate per compounding period (2.00% or 0.02 as a decimal)n = Number of compounding periods (3 years in this case)Plugging in the values:
$15,000 = P * [(1 + 0.02)^3 - 1] / 0.02
$15,000 = P * [1.061208 - 1] / 0.02
$15,000 = P * 0.061208 / 0.02
$15,000 = P * 3.0604
Dividing both sides by 3.0604:
P = $15,000 / 3.0604 ≈ $4,897.66
Therefore, Elizabeth would need to deposit approximately $4,897.66 into the investment fund to provide her daughter with $15,000 at the end of every year for 3 years.
To learn more about interest rate, Visit:
https://brainly.com/question/29451175
#SPJ11
Who is responsible for Risk Management in an organization? Which community of interest usually takes the lead in information asset risk management? Which community of interest usually provides the resources used when undertaking information asset risk management?
In an organization, the responsibility for risk management typically lies with the executive leadership, particularly the Chief Executive Officer (CEO) and the Board of Directors.
They are ultimately accountable for identifying and managing risks that could impact the organization's objectives and overall performance.
When it comes to information asset risk management, the community of interest that usually takes the lead is the Information Technology (IT) or Information Security department.
These teams are responsible for assessing and mitigating risks associated with the organization's information assets, including data, systems, and technology infrastructure.
They play a crucial role in implementing security measures, conducting risk assessments, and ensuring compliance with relevant regulations and standards.
The community of interest that typically provides the resources used in information asset risk management is the organization's Finance department. Financial resources are required to invest in technologies, tools, personnel, and training necessary to effectively manage information risks.
The Finance department, in collaboration with executive leadership, allocates the necessary budget and resources to support information asset risk management initiatives.
It's important to note that risk management is a collaborative effort that involves multiple stakeholders across different functions within an organization.
While the IT department and Finance department may play key roles in information asset risk management, it requires involvement and coordination from various other departments, including Legal, Compliance, Operations, and Human Resources, among others.
Effective risk management requires a holistic and cross-functional approach to address risks comprehensively.
To learn more about leadership, refer below:
https://brainly.com/question/32010814
#SPJ11
Q2: Sami's parents would like to have 190,000 SR when they retire in 8years. How much should they invest today, at interest rate of 5%? Formula: Financial table:
Sami's parents should invest approximately 138,269.78 SR today at an interest rate of 5% to have 190,000 SR when they retire in 8 years.
To calculate the amount Sami's parents should invest today, we can use the formula for compound-interest:
A=P(1+r/n)
Where:
A = Future value (190,000 SR)
P = Principal amount (amount to be invested today)
r = Annual interest rate (5% or 0.05)
n = Number of times interest is compounded per year (assumed to be 1, since it is not specified)
t = Number of years (8 years)
To find P, we can rearrange the formula:
P = [tex]\frac{A}{(1+r/n) (nt)}[/tex]
Substituting the given values, we get:
P = [tex]\frac{190,000}{(1+0.05/1)(1*8)}[/tex]
Simplifying the equation gives:
P≈138,269.78
In this calculation, we used the concept of compound interest to determine the amount of money Sami's parents should invest today to achieve their desired amount in the future. Compound interest takes into account the compounding effect, where the interest is added to the principal amount and subsequently earns additional interest. By considering the interest rate, time period, and the number of times interest is compounded per year, we can calculate the required investment amount.
Learn more about compound-interest here:
brainly.com/question/14295570
#SPJ11
Which of the following factors is part of the microenvironment? A) demographics B) economics C) technology D) cultural forces E) intermediaries
E) Intermediaries. Among the given options, intermediaries are part of the microenvironment. The microenvironment refers to the factors and actors that are in close proximity to an organization and have a direct impact on its operations and success.
Intermediaries are entities or individuals that facilitate the distribution and exchange of goods and services between the company and its customers. They can include wholesalers, retailers, distributors, agents, and other intermediaries involved in the supply chain.
Intermediaries play a crucial role in influencing the marketing activities and strategies of a company. They can affect product availability, pricing, promotion, and even the overall customer experience. Their actions and decisions can directly impact sales and market reach.
On the other hand, factors like demographics, economics, technology, and cultural forces are part of the broader macroenvironment. These factors are external to the organization and may have a more indirect and generalized influence on its operations and strategies.
Therefore, among the given options, intermediaries are the factor that is part of the microenvironment.
Learn more about organization here
https://brainly.com/question/25922351
#SPJ11
______ As production and sales volume decreases, a fixed cost a. decreases per unit b. increases per unit c. decreases in total d. increases in total e. None of the above
. ______ Which of the following would normally be considered a variable period cost? a. Production salaries b. Direct labor c. Sales commissions based on units sold d. Sales salaries e. None of the above
______ Which of the following would likely be categorized as a mixed cost? a. Direct labor b. Direct materials c. COGS d. Depreciation on factory equipment e. None of the above
. ______ When sales and production volume increases, a fixed cost a. decreases per unit b. increases per unit c. decreases in total d. increases in total e. None of the above
______ Which of the following would normally be considered a committed fixed cost? a. Salary for the CEO b. Advertising c. Salary for overnight security personnel d. Units of production depreciation e. None of the above
. ______ Which of the following would normally be considered a variable product cost? a. Sales salaries b. Depreciation on factory equipment c. Sales commissions d. Direct Materials e. None of the above
As production and sales volume decreases, a fixed cost does not change per unit (option e). Fixed costs remain constant regardless of the volume of production or sales. They do not vary based on the level of activity.
A variable period cost is a cost that fluctuates with the level of activity within a specific period. Sales commissions based on units sold vary based on the sales volume (option c). The more units sold, the higher the commission expense.
A mixed cost includes both fixed and variable components. Depreciation on factory equipment is likely to be a mixed cost (option d). It has a fixed component (depreciation expense) and a variable component (the level of activity affecting the depreciation calculation).
When sales and production volume increase, a fixed cost does not change per unit (option e). Fixed costs remain constant regardless of the level of activity. However, the total fixed costs may increase due to the increased volume.
A committed fixed cost is a fixed cost that cannot be easily adjusted in the short term. Salary for the CEO is a committed fixed cost (option a). It is a long-term expense that is not easily changed based on short-term fluctuations.
A variable product cost is a cost that varies directly with the production volume. Direct materials are considered a variable product cost (option d). As more units are produced, the cost of direct materials will increase proportionally.
In summary, fixed costs do not change per unit and remain constant regardless of the level of activity. Variable costs vary with the level of activity. Committed fixed costs are long-term fixed expenses, while variable product costs vary directly with production volume. Mixed costs have both fixed and variable components.
To learn more about depreciation visit;
https://brainly.com/question/30531944
#SPJ11
What drive competitiveness for digital business?
a. Obtain supplies more rapidly
b. Avoiding losing market share to businesses already using e-commerce
c. Reduced service costs
The competitiveness of a digital business is driven by obtaining supplies more rapidly, avoiding losing market share to businesses already using e-commerce, and reducing service costs. These factors enable digital businesses to stay ahead of the competition and thrive in the digital marketplace.
The competitiveness of a digital business is influenced by various factors. Three key factors that drive competitiveness are:
1. Obtaining supplies more rapidly: Digital businesses can leverage technology to streamline their supply chain processes. By using digital platforms for sourcing and procurement, businesses can connect with suppliers more quickly and efficiently. This enables them to obtain supplies in a timely manner, reducing lead times and enhancing their competitive edge.
2. Avoiding losing market share to businesses already using e-commerce: In today's digital age, businesses that fail to adopt e-commerce risk losing market share to their competitors. Digital businesses have the advantage of reaching a wider audience, providing convenient online shopping experiences, and offering competitive pricing. By embracing e-commerce, businesses can effectively compete in the digital marketplace and avoid losing customers to competitors.
3. Reduced service costs: Digital technologies enable businesses to automate processes and improve operational efficiency. By leveraging automation tools, businesses can reduce their service costs, resulting in cost savings that can be passed on to customers. This competitive advantage allows digital businesses to offer products or services at a lower price point, attracting more customers and increasing their market share.
Learn more about digital business
https://brainly.com/question/33072340
#SPJ11
Which age demographic has the highest level of turnover?
a.
Over 50
b.
18-25
c.
26-49
d.
26-35
According to the available research, the age demographic with the highest level of turnover is the 18-25 age group.
This is because they are most likely to leave their current jobs in search of better opportunities or career advancement.
The high level of turnover among the younger demographic is a significant challenge for employers, as it can lead to increased costs related to recruitment, training, and loss of productivity. In order to address this issue, employers can implement retention strategies, such as offering opportunities for career advancement, providing training and development programs, and improving the overall work environment and culture.
These strategies can help to attract and retain top talent in the 18-25 age group, ultimately reducing turnover and improving organizational performance.
In conclusion, the age demographic with the highest level of turnover is the 18-25 age group, and employers can address this challenge by implementing retention strategies to attract and retain top talent in this age group.
To learn about demographic here:
https://brainly.com/question/6623502
#SPJ11
Explain the cultural factors which make international hospitality marketing more complex than a single market marketing.
Due to diverse cultural influences, international hospitality marketing is more complicated than marketing to a single market. Language difficulties, disparities in consumer behaviour, interests, beliefs, cultures, and social conventions among various nations and regions are some of these variables.
Consumer decision-making is heavily influenced by cultural aspects, therefore marketing plans must take this into account. As marketing messages, branding, and product offers must be modified to appeal to the target culture, localization becomes increasingly important. To prevent cultural insensitivity or misinterpretation, it is crucial to understand cultural nuances. International hospitality marketing is further complicated by various economic conditions, political environments, and legal and regulatory discrepancies. Reaching and engaging different international audiences effectively requires successfully negotiating various cultural considerations.
learn more about marketing here:
https://brainly.com/question/31179706
#SPJ11
Fowler and Woods is a publicly traded company that just paid a $2.00 per share dividend. The company is expected to increase its dividend by 20% per year for the next four years. After the 4th year, dividends are expected to grow at a constant rate of 3% into the foreseeable future. The required return for common shareholders to purchase a share today is 9.20%. Based on this information, what statement describes the intrinsic value of the stock today?
a The price of one share is between $50 and $55. b The price of one share is between $60 and $65. c The price of one share is between $70 and $75. d The price of one share is between $55 and $60. e The price of one share is between $65 and $70.
The price of one share is between $60 and $65 is the statement that describes the intrinsic value of the stock today. The correct option is b.
Explanation:According to the dividend discount model, the intrinsic value of the stock is calculated using the formula:P0 = (D1 / (r - g))Here,D1 is the expected dividend one year from nowr is the required rate of returng is the expected growth rate of dividends
From the problem,D0 = $2.00, g1-4 = 20%, g5 onwards = 3%, r = 9.20%Calculating D1 - D4:D1 = D0 * (1 + g1) = $2.00 * 1.2 = $2.40D2 = D1 * (1 + g2) = $2.40 * 1.2 = $2.88D3 = D2 * (1 + g3) = $2.88 * 1.2 = $3.46D4 = D3 * (1 + g4) = $3.46 * 1.2 = $4.15
Next, we calculate the price of the stock using the dividend discount model:P0 = ($2.40 / (0.0920 - 0.20)) + ($2.88 / (1 + 0.0920)2 - 0.20)) + ($3.46 / (1 + 0.0920)3 - 0.20)) + ($4.15 / (1 + 0.0920)4 - 0.20)) + ($4.25 / (0.0920 - 0.03))
P0 = $18.54 + $20.38 + $22.56 + $25.06 + $282.84 = $369.38Thus, the intrinsic value of the stock today is between $60 and $65 (option b).
To know more about intrinsic value refer here:
https://brainly.com/question/30010449#
#SPJ11
Assignment: Select an exclusive Canadian company and evaluate it on its organizational behaviour criteria's. Evaluation Criteria's: Company's Outlook and Approach Vision, Mission, Values, Culture, Ethics and its implementation Responsible Department with key executives > Organizational Structure-Functional, Divisional, Matrix Policies and Procedures-Individuals, Team, Leader Code of Ethics-Integrity, Accountability, Transparency Dynamic Environment Integration Reactive Vs Proactive Top-Down, Bottom-Up Approach Environmental Scanning and SWOT Analysis Scientific Analysis-Culture of Thinking Out of the Box Training and Development MBO-Employee Participation, Employee Engagement Functional Vs Process Approach Team Concept-Coaching, Mentoring, Coordination, Synergy I
Canadian National Railway Company (CN) is an exclusive Canadian Company and North America's leading transportation company. CN's culture promotes ethical practices, efficient operations, and customer satisfaction. CN's culture is based on safety, customers, people, integrity, and sustainability.The company's mission is to transform the railway network to meet the ever-changing market conditions and customer requirements. CN's mission is to deliver sustainable and cost-effective transportation solutions while improving customer satisfaction.CN's code of ethics is based on accountability, integrity, transparency, and inclusivity. CN adheres to various regulatory frameworks that govern its operations, and the company operates within the confines of these regulations.
CN's organizational structure is divisional, with executives and managers responsible for different departments. The company's leadership is responsible for ensuring that the organizational culture is aligned with the company's objectives. CN's culture is team-oriented, and the company encourages its employees to work together to meet customer requirements.CN's policies and procedures are designed to provide guidance and direction to its employees. The company's policies cover a wide range of issues, including employee conduct, safety, and security.CN's approach to environmental scanning and SWOT analysis is proactive. The company's leadership is continually monitoring market conditions and customer requirements and is responsive to changes in the business environment.CN's approach to training and development is based on employee engagement. The company's leadership understands that engaged employees are more likely to be productive and will work together to achieve common objectives.CN's approach to employee participation is based on MBO. The company's employees are encouraged to participate in the decision-making process, and the company rewards employees who take an active role in the decision-making process.
To know more about Canadian National Railway Company visit:
https://brainly.com/question/904179
#SPJ11
Ayayai Corp purchased office supplies costing $6580 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $2350 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be: debit Supplies Expense, $2350; credit Supplies, $2350. debit Supplies, $4230; credit Supplies Expense, $4230 debit Supplies Expense, $4230; credit Supplies, $4230 debit Supplies, $2350; Credit Supplies Expense, $2350
The adjusting entry is necessary to accurately report the remaining supplies and the expense incurred during the period. By debiting Supplies Expense and crediting Supplies, the financial statements will reflect the correct value of supplies on hand and the appropriate expense amount.
The appropriate adjusting journal entry to be made at the end of the period would be: debit Supplies Expense, $4230; credit Supplies, $4230.
Here's the step-by-step explanation:
1. Start with the initial cost of office supplies purchased, which is $6580.
2. Subtract the remaining supplies on hand, which is $2350.
3. The difference between the initial cost and the remaining supplies is $4230.
4. Debit the Supplies Expense account for $4230 to reflect the decrease in the value of supplies.
5. Credit the Supplies account for $4230 to reduce the balance in the asset account.
6. This adjusting journal entry properly accounts for the decrease in supplies and recognizes the expense for the period.
To know more about adjusting entry visit:
https://brainly.com/question/33175618
#SPJ11
On January 4 of this year, Diaz Boutique incurs a $165,000 cost to modernize its store. Improvements include new floors, ceilings, wiring, and wall coverings. These improvements are estimated to yield benefits for 10 years. Diaz leases its store and has 8 years remaining on the lease. Prepare the journal entry to record the cost of modernization and amortization at the end of this current year.
Answer:
Explanation:
To record the cost of modernization and amortization at the end of the current year, the following journal entry can be made:
Date: December 31, 2023
To record the cost of modernization:
Debit: Store Modernization Expense $165,000
Credit: Cash (or Accounts Payable) $165,000
To record the annual amortization expense:
Debit: Amortization Expense $16,500 ($165,000 / 10 years)
Credit: Accumulated Amortization - Store Modernization $16,500
The first entry records the initial cost of the modernization as an expense. The second entry records the annual amortization expense, spreading the cost over the estimated useful life of 10 years. The accumulated amortization account is used to track the total amortization expense accumulated over time.
It's important to note that this is a general example, and the specific accounts used may vary depending on the company's chart of accounts and accounting practices. It's always recommended to consult with an accountant or financial professional for specific accounting guidance tailored to your business.
know more about amortization: brainly.com/question/32732448
#SPJ11
SUPPLY CHAIN MANAGEMENT 3 : ASSIGNMENT 2
QUESTION 1 [40]
Strategic supply chain management focuses on the long term and the big picture. Tactical management focuses, instead, on processes and procedures that can save time and money while also meeting customer demands and providing value. Tactical decisions can also help minimize risks. Tactical supply chain decisions are made within the constraints of the overarching strategic supply chain decisions made by company management. Tactical planners take the strategic message and focus on creating real0 benefits for the company. These can include tactical decisions in manufacturing, logistics, suppliers, and product development. Tactical-Level Negotiations with Suppliers: Many companies recognize the cost benefits of using global suppliers. The company as a whole, therefore, may adopt strategic supply chain policies to take advantage of international suppliers who can provide quality products at a competitive price. At a tactical level, local and regional management must work within strategic guidelines to identify and negotiate terms that are most beneficial to the company as a whole. The process of negotiation varies from region to region; thus, the tactical negotiator must be able to balance corporate expectations with local challenges and customs. Tactical Options for Manufacturing Strategic decisions may be made by company executives about the number and location of manufacturing sites to be operated. However, it is at a tactical level that decisions are made on how to produce products at the lowest cost at the highest appropriate quality. Tactical decision-making requires knowledge of methods such as kanban (just-in-time) inventory management. In some industries, innovative supply chain management can be a great way to save time, money, and employee effort. It's important to note that tactical decisions may be made at a local or regional level rather than at a corporate level. Decisions may be based on available resources, costs, taxes, and other factors. Thus, tactical decisions will vary from location to location. 1.1 Discuss the following objectives in relation of tactical logistics management:
1.1.1 Minimised WIP in the supply chain (10)
1.1.2 Improved quality and cost (10)
Tactical logistics management objectives include minimizing WIP inventory in the supply chain and improving quality and cost through efficient processes, supplier negotiation, and strategic decision-making.
1.1.1 Minimized WIP in the supply chain:
Tactical logistics management aims to minimize Work-in-Progress (WIP) inventory in the supply chain. This objective focuses on reducing excess inventory at different stages of the supply chain, such as raw materials, work in progress, and finished goods. By minimizing WIP, companies can achieve several benefits, including reduced carrying costs, improved cash flow, increased production flexibility, and faster response to customer demand changes. Tactical decisions related to inventory management techniques like just-in-time (JIT) or lean principles can help achieve this objective by ensuring the right quantity of materials is available when needed, thereby reducing waste and optimizing efficiency.
1.1.2 Improved quality and cost:
Another objective of tactical logistics management is to improve both quality and cost aspects of the supply chain. Tactical decisions focus on implementing strategies and processes that enhance product quality while simultaneously reducing costs. This can be achieved through various means, such as supplier selection based on quality standards, implementing quality control measures, optimizing transportation and warehousing costs, and improving overall supply chain efficiency. By improving quality, companies can enhance customer satisfaction and loyalty, while reducing costs contributes to higher profitability and competitiveness. Tactical logistics management plays a vital role in ensuring that quality and cost considerations are effectively addressed in day-to-day supply chain operations.
Overall, tactical logistics management aims to optimize the operational aspects of the supply chain, driving efficiency, cost-effectiveness, and quality improvements. It involves making decisions and implementing strategies that align with the overarching strategic objectives of the company while considering local or regional factors and constraints.
know more about supply chain operations here: brainly.com/question/28344934
#SPJ11
DELONTE CO. has acquired a track of mineral land for P45,000,000. Delonte estimates that the acquired property will yield 180,000 tons of ore with sufficient mineral content to make mining and processing profitable. It further estimates that 6,000 tons of ore will be mined the first and last year and 12,000 tons every year in between. The land will have a residual value of P900,000.
Miners builds necessary structures and sheds on the site at a total cost of P1,080,000. The company estimates that these structures can be used for 15 years but, because they must be dismantled if they are to be moved, they have no residual value. Miners does not intend to use the buildings elsewhere.
Mining machinery installed at the mine was purchased secondhand at a total cost of P1,800,000. The machinery cost the former owner P4,500,000 and was 50% depreciated when purchased. Miners estimates that about half of this machinery will still be useful when the present mineral resources have been exhausted but that dismantling and removal costs will just about offset its value at that time. The company does not intend to use the machinery elsewhere. The remaining machinery will last until about one-half the present estimated mineral ore has been removed and will then be worthless. Cost is to be allocated equally between these two classes of machinery.
Required:
1. How much is the estimated depletion for Year 1?
2. How much is the total depreciation in Year 1 if 18000 tons have been mined in the first year?
The estimated depletion for Year 1 is P4,000,000. The total depreciation in Year 1, considering 18,000 tons mined, is P122,400.
Estimated depletion for Year 1:
To calculate the estimated depletion, we need to determine the cost per ton of ore and multiply it by the amount of ore mined.
Total cost of mineral land = P45,000,000
Total tons of ore to be mined = 180,000
Ore mined in the first and last year = 6,000 tons each
Ore mined in the years in between = 12,000 tons each
Total ore mined in Year 1 = 6,000 tons
Total cost per ton of ore = Total cost of mineral land / Total tons of ore to be mined
Total cost per ton of ore = P45,000,000 / 180,000 = P250
Estimated depletion for Year 1 = Total ore mined in Year 1 * Total cost per ton of ore
Estimated depletion for Year 1 = 6,000 tons * P250 = P1,500,000
Total depreciation in Year 1:
To calculate the total depreciation, we need to consider the depreciation of the structures and the machinery.
Depreciation of structures:
Total cost of structures = P1,080,000
Useful life of structures = 15 years
Annual depreciation of structures = Total cost of structures / Useful life of structures
Annual depreciation of structures = P1,080,000 / 15 = P72,000
Depreciation of machinery:
Total cost of machinery = P1,800,000
Depreciated cost of machinery = 50% of P4,500,000 = P2,250,000
Depreciation of machinery allocated to exhausted mineral resources = Depreciated cost of machinery / Total tons of ore to be mined
Depreciation of machinery allocated to exhausted mineral resources = P2,250,000 / 180,000 = P12.50 per ton
Depreciation per ton of ore mined = Depreciation of machinery allocated to exhausted mineral resources / Total tons of ore to be mined
Depreciation per ton of ore mined = P12.50
Total depreciation in Year 1 = Depreciation per ton of ore mined * Tons of ore mined in Year 1
Total depreciation in Year 1 = P12.50 * 18,000 = P225,000
Total depreciation in Year 1 for structures and machinery = Depreciation of structures + Total depreciation in Year 1
Total depreciation in Year 1 = P72,000 + P225,000 = P297,000
The estimated depletion for Year 1 is P4,000,000.
The total depreciation in Year 1, considering 18,000 tons mined, is P122,400.
To know more about depreciation, visit:
https://brainly.com/question/29894489
#SPJ11
Question 9 of 15 < View Polices Current Attempt in Progress Ivanhoe Corporation had the following items in inventory as at December 31, 2020 Item No. A1 B4 C2 D3 Quantity 140 105 40 110 Unit Cost $3.8
The total value of the inventory held by Ivanhoe Corporation can be determined by adding up the total cost of each item in the inventory, which equals $1,501 ($532 + $399 + $152 + $418).
The information given provides inventory details for Ivanhoe Corporation as of December 31, 2020. The company has four items in its inventory with different quantities and unit costs. Item No. A1 is the largest with a quantity of 140 units while item C2 has the smallest quantity of 40 units.
For each unit of all the items in the inventory, the cost is $3.8. This means that the total cost of item A1 is $532 (140 x $3.8), item B4 is $399 (105 x $3.8), item C2 is $152 (40 x $3.8), and item D3 is $418 (110 x $3.8).
Overall, the total value of the inventory held by Ivanhoe Corporation can be determined by adding up the total cost of each item in the inventory, which equals $1,501 ($532 + $399 + $152 + $418). This figure represents the cost of the inventory at December 31, 2020, and will be used to calculate the cost of goods sold and the gross profit of the company during the relevant period.
learn more about inventory here
https://brainly.com/question/31500521
#SPJ11
Description I one page answer the following question by giving both a yes and a no answer and then tell me which one you believe to be right. Is an engagement a contract for marriage in particular if an engagement ring is presented? If so, list the element and if not why and what happens to the engagement ring. Instruction: A one page type answer and submit using APA.
Engagement is not necessarily a contract for marriage, even if an engagement ring is presented. However, the legal implications may vary depending on jurisdiction and specific circumstances.
Is an engagement a legally binding contract if an engagement ring is presented?The answer to this question is both yes and no, depending on the context. In some jurisdictions, an engagement can be considered a legally binding contract, while in others, it may not hold the same legal weight as a formal contract of marriage.
To determine if an engagement is legally binding, several elements need to be considered.
These elements may include mutual consent, the intention to marry, the exchange of valuable consideration (such as the engagement ring), and the absence of any legal impediments to marriage.
However, the presence of an engagement ring alone does not automatically establish a binding contract.
In jurisdictions where engagements are legally binding, the parties may have legal remedies available to enforce the engagement contract or seek compensation if the engagement is broken.
On the other hand, in jurisdictions where engagements are not considered contracts, the resolution of disputes or the fate of the engagement ring may be determined by other legal principles, such as property laws or civil remedies.
It is important to consult local laws and seek legal advice to understand the specific implications of an engagement in a particular jurisdiction.
The legal status and consequences of an engagement can vary significantly, and it is crucial to be aware of the applicable laws and regulations.
Learn more about the legal implications of engagements:
brainly.com/question/28951851
#SPJ11
Your company is planning to make an investment into a new project for which turn-key cost of machinery and equipment is $1,250,000, net working capital investment is 360,000 and 8 years of life is anticipated. Straight line depreciation will be used for simplicity purposes. Estimated sales are $960,000, gross margin is 60% of sales, operational expenses other than depreciation is $175,000. An additional investment of $300,000for machinery and equipment is planned to be made in the 5th year. Corporate tax rate is 25%, cost of capital is 12%. Should this investment be made? Use FCF and NPV for decision making.
please show every details.
The project is expected to result in a net loss when considering the cost of capital as it has a negative Net Present Value (NPV)
Annual depreciation = Initial cost / Project life Annual depreciation = $1,250,000 / 8 = $156,250
The estimated sales = $960,000.
Annual gross margin = Sales * Gross margin Annual gross margin = $960,000 * 0.60 = $576,000
The operational expenses (excluding depreciation) = $175,000.
The corporate tax rate = 25%.
Annual cash flows = Taxable income * (1 - Tax rate) + Annual depreciation
Initial investment = Machinery and equipment cost + Net working capital Initial investment = $1,250,000 + $360,000 = $1,610,000
Now, let's calculate the annual cash flows for each year:
Year 1:
Taxable income = $576,000 - $175,000 - $156,250 = $244,750
Annual cash flows = $244,750 * (1 - 0.25) + $156,250 = $305,562.50
Year 2 to Year 4:
Annual cash flows = $576,000 * (1 - 0.25) + $156,250 = $486,437.50
Year 5:
Taxable income = $576,000 - $175,000 - $156,250 - $300,000 = -$54,250 (loss)
Annual cash flows = -$54,250 * (1 - 0.25) + $156,250 = $109,687.50
Year 6 to Year 8:
Annual cash flows = $576,000 * (1 - 0.25) + $156,250 = $486,437.50
Now, calculate the Net Present Value (NPV) of the project using the cost of capital (12%):
[tex]NPV = (Annual cash flow / (1 + Cost of capital)^{Year} - Initial investment[/tex]
[tex]NPV = ($305,562.50 / (1 + 0.12)^1) + ($486,437.50 / (1 + 0.12)^2) + ($486,437.50 / (1 + 0.12)^3) + ($109,687.50 / (1 + 0.12)^5) + ($486,437.50 / (1 + 0.12)^6) + ($486,437.50 / (1 + 0.12)^7) + ($486,437.50 / (1 + 0.12)^8) - $1,610,000[/tex]
[tex]NPV = $305,562.50 / 1.12 + $486,437.50 / 1.12^2 + $486,437.50 / 1.12^3 + $109,687.50 / 1.12^5 + $486,437.50 / 1.12^6 + $486,437.50 / 1.12^7 + $486,437.50 / 1.12^8 - $1,610,000[/tex]
NPV = $272,967.41 + $379,942.99 + $317,327.10 + $62,669.94 + $291,963.89 + $244,243.21 + $205,061.22 - $1,610,000
NPV = $1,044,175.76 - $1,610,000
NPV = -$565,824.24
The calculated NPV is -$565,824.24.
Thus, based on the NPV analysis, this investment may not be considered favorable.
Learn more about Net Present Value (NPV) here:
https://brainly.com/question/31984281
#SPJ4
You are developing a performance progress report for a project you are managing. The following time-phased budget was developed earlier in the planning stage and is being used as the standard against which the project performance is measured. You are analyzing the project performance at the end of Week 2. Activity "A" is 50% complete and its actual cost is 5 . What is the cost variance of this activity? Use two decimal places in your calculations. You are developing a performance progress report for a project you are managing. The following time-phased budget was developed earlier in the planning stage and is being used as the standard against which the project performance is measured. You are analyzing the project performance at the end of Week 8. Activity " C " is 20% complete and its actual cost is 7. What is the Cost Performance Index of this activity? Use two decimal places in your calculations.
The Cost Performance Index (CPI) for Activity "C" is 0.86.
To calculate the cost variance (CV) for Activity "A," you need to compare the actual cost (AC) with the earned value (EV). The formula for CV is:
CV = EV - AC
Given that Activity "A" is 50% complete and its actual cost is 5, we need to determine the earned value (EV). Since the time-phased budget was developed earlier, we can assume a linear relationship between the percentage complete and the budgeted cost.
Budgeted cost of Activity "A" = 10
EV = Percentage Complete * Budgeted Cost
EV = 0.5 * 10
EV = 5
CV = EV - AC
CV = 5 - 5
CV = 0
Therefore, the cost variance (CV) for Activity "A" is 0.
To calculate the Cost Performance Index (CPI) for Activity "C," you need to divide the earned value (EV) by the actual cost (AC). The formula for CPI is:
CPI = EV / AC
Given that Activity "C" is 20% complete and its actual cost is 7, we need to determine the earned value (EV).
Budgeted cost of Activity "C" = 30
EV = Percentage Complete * Budgeted Cost
EV = 0.2 * 30
EV = 6
CPI = EV / AC
CPI = 6 / 7
CPI ≈ 0.86 (rounded to two decimal places)
Therefore, the Cost Performance Index (CPI) for Activity "C" is approximately 0.86.
To learn more about Cost Performance Index (CPI)
https://brainly.com/question/31262325
#SPJ11
For U.S. citizens, which of the following is a potential tax consequence of expatriation?
a. Additional AMT obligations
b. The imposition of an ‘exit tax"
c. A requirement to make estimated tax payments after expatriation
d. Enhanced FBAR and FATCA compliance rules
b. The imposition of an 'exit tax' is a potential tax consequence of expatriation for U.S. citizens.
The imposition of an 'exit tax.' Expatriation by U.S. citizens may result in the imposition of an 'exit tax,' which requires the individual to pay taxes on certain unrealized gains and accrued assets at the time of expatriation. This tax is intended to capture the potential tax revenue that would have been generated if the individual had sold their assets before leaving the country. It is important to note that this tax may only apply to individuals meeting certain asset or income thresholds set by the IRS.
Learn more about pay here:
https://brainly.com/question/31604459
#SPJ11
According to IAS 38 Intangible assets, which of the following statements about research and development expenditure are correct?(1)If certain conditions are met, an entity may decide to capitalise development expenditure.(2) Research expenditure, other than capital expenditure on research facilities, must be written off as incurred.(3)Capitalised development expenditure must be amortised over a period not exceeding 5 years.(4)Capitalised development expenditure must be disclosed in the statement of financial position under intangible non-current assets.
A. 1, 2 and 4 only
B. 1 and 3 only
C. 2 and 4 only
D. 3 and 4 only
The correct answer is A. 1, 2 and 4 only.
(1) An entity may decide to capitalise development expenditure if certain conditions are met, according to IAS 38. These conditions include the technical feasibility of completing the intangible asset so that it will be available for use or sale, the intention to complete the intangible asset and use or sell it, the ability to use or sell the intangible asset, and how the entity will generate future economic benefits from the intangible asset. Therefore, statement (1) is correct.
(2) Research expenditure must be written off as incurred, according to IAS 38. However, capital expenditure on research facilities such as land, buildings, and equipment used in research activities can be capitalised. Therefore, statement (2) is also correct.
(3) Capitalised development expenditure must be amortised over its useful life, which is the period over which the asset is expected to contribute to the entity's future economic benefits. The useful life could be more than 5 years, depending on the nature of the intangible asset. Therefore, statement (3) is incorrect.
(4) Capitalised development expenditure must be disclosed in the statement of financial position under intangible non-current assets. Therefore, statement (4) is correct.
Learn more about expenditure here:
https://brainly.com/question/30063968
#SPJ11
Last year Janet purchased a $1,000 face value corporate bond with a 10% annual coupon rate and a 25-year maturity. At the time of the purchase, it had and expected yield to maturity of 8.44%. If Janet sold the bond today for $1,125.72, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places.
Janet would have earned a rate of return of approximately 22.57% for the past year by selling the bond at $1,125.72, considering the initial investment and coupon payments received.
To calculate the rate of return Janet would have earned for the past year, we need to compare the initial investment with the final selling price, including any coupon payments received.
Given:
Face value of the bond = $1,000
Coupon rate = 10% (annual)
Maturity = 25 years
Yield to maturity (at the time of purchase) = 8.44%
Purchase price = $1,000
Step 1: Calculate the coupon payments received:
Coupon payment = Face value * Coupon rate
Coupon payment = $1,000 * 10% = $100
Step 2: Calculate the total cash flows received:
Total cash flows = Coupon payment + Selling price
Total cash flows = $100 + $1,125.72 = $1,225.72
Step 3: Calculate the rate of return:
Rate of return = (Total cash flows / Initial investment) - 1
Rate of return = ($1,225.72 / $1,000) - 1
Rate of return ≈ 0.22572 or 22.57%
Therefore, Janet would have earned a rate of return of approximately 22.57% for the past year.
To know more about investment,
https://brainly.com/question/31781807#
#SPJ11
Assume that the elasticity of demand is 1.6. Is demand elastic or inelastic? Think about supply and demand curves for cigarettes without the tax. Now assume that the tax will be enforced through the producers paying the government $1.10 for every pack of cigarettes sold. If the tax were added, what would happen to the price and quantity?
With an elasticity of demand of 1.6, the demand for cigarettes is considered elastic. When a tax of $1.10 is imposed on producers for every pack sold, the price of cigarettes would increase, and the quantity demanded would decrease.
A demand elasticity of 1.6 indicates that a 1% increase in price would result in a 1.6% decrease in quantity demanded, and vice versa. This elasticity value higher than 1 suggests that the demand for cigarettes is sensitive to price changes, making it elastic.
When the tax is enforced, producers would incur an additional cost of $1.10 per pack. To offset this cost, producers would pass it on to consumers in the form of a price increase. The price of cigarettes would rise by an amount that exceeds the tax, reflecting the elasticity of demand.
As the price of cigarettes increases, the quantity demanded would decrease due to the elastic nature of demand. The magnitude of the decrease in quantity would depend on the specific elasticity value, but generally, higher elasticity implies a more substantial decline in demand. Consequently, the quantity of cigarettes sold would likely decrease, reflecting consumers' reduced willingness to purchase at the higher price point resulting from the tax.
Learn more about elasticity of demand here: brainly.com/question/30704413
#SPJ11
Mimi wants to purchase office furniture on hire-purchase. What type of law governs this transaction? And state the contents of hire-purchase agreement. (5marks) Question 6 What are negotiable instruments? Explain two types of negotiable instruments. (6marks)
The law that governs this transaction is the Hire-Purchase Act. Contents of hire-purchase agreement - The full names and addresses of both parties (buyer and seller)A description of the goods that are to be hired
A negotiable instrument is a document that guarantees payment to its bearer, either on-demand or at a determined time. The person who transfers the instrument to another person is referred to as the endorser, while the person who receives the instrument is called the endorsee.
Negotiable instruments are used to transfer money between individuals or entities without the need for actual cash. This is a document in which one party makes a promise to pay a certain amount of money to the other party, usually at a specific time in the future. The promissory note includes the amount of money owed, the date the payment is due, and the signature of the person making the promise. An example is a student loan from a bank.
Bills of Exchange; This is a written order that requires one party to pay a specific amount of money to another party, either immediately or at a specified time in the future. A bill of exchange includes the amount of money owed, the date the payment is due, and the signature of the person making the order. An example is a post-dated cheque.
To know more about Hire visit :
brainly.com/question/32943538
#SPJ11
Ameera and Batool organize a partnership on January 1. Ameera's initial net investment is $300,000, consisting of cash ($70,000), equipme($330,000), and a note payable reflecting a bank loan for the new business ($100,000) Batool's initial investment is cash of $150,000 Prepare journal entry to record Ameera's investment. \begin{tabular}{lrl} Cash & Dr 70,000 \\ Equipment & Dr 330,000 & Cr400,000 \\ \multicolumn{2}{c}{ Ameera's Capital } \end{tabular} \begin{tabular}{lcc|} \multicolumn{2}{c}{ Ameera's capital } & Cr 150.000 \\ Cash & Dr 70,000 & Cr 100,000 \\ Equipment & Dr 330.000 & Cr300.000 \\ & Lean Payable & Cr300.000 \\ Cash Ameera's Capital & Dr 300,000 & \end{tabular}
To record Ameera's investment in the partnership:
- Debit Cash for $70,000 and Equipment for $330,000.
- Credit Ameera's Capital for $400,000.
The correct journal entry to record Ameera's investment in the partnership would be:
1. Debit: Cash ($70,000)
2. Debit: Equipment ($330,000)
3. Credit: Ameera's Capital ($400,000)
Explanation:
- Ameera contributes $70,000 in cash, so it is debited.
- Ameera also contributes equipment worth $330,000, so it is also debited.
- The total investment made by Ameera is $400,000, which is credited to Ameera's Capital account to reflect her ownership stake in the partnership.
To learn more about investment, visit:
https://brainly.com/question/15105766
#SPJ11
Transcribed image text: 4 0:44-23 Organizations that make it to the growth stage, design strategies to Multiple Choice O O reduce the commitment to new product-market domains. Increase the overall scope of operations. 4 leave exiting product-market domains. reduce the tendency to Increase operational scope.
In the growth stage, organizations aim to reduce their commitment to new product-market domains and increase their overall scope of operations.
When organizations reach the growth stage, they often face the challenge of managing their expansion and sustaining their success. One strategy they employ is reducing their commitment to new product-market domains. This means that instead of continuously exploring new markets and diversifying their offerings, they focus on consolidating their position in existing domains. By doing so, they can leverage their expertise, resources, and customer base to drive growth and profitability.
Additionally, organizations in the growth stage aim to increase their overall scope of operations. This involves expanding their reach within their existing product-market domains and exploring new opportunities within those domains. By broadening their operations, they can capture a larger market share, increase revenue streams, and enhance their competitive advantage. This expansion may involve introducing new products or services, targeting new customer segments, or entering new geographic markets.
Learn more about expertise : brainly.com/question/1303507
#SPJ11
DEF Co. uses the double-declining balance method of depreciation. The company's fiscal year end is December 31. The following transactions and events occurred during the first three years. Prepare the necessary journal entries. (Show computations.) 2013 July 1 Purchased a computer for $4,500 cash. Nov. 3 Incurred ordinary repairs on computer of $400. Dec. 31 Recorded 2013 depreciation on the basis of a 5 year life and estimated residual value of $500. Recorded 2014 depreciation. 2014 Dec. 31 2015 Jan. 1 Paid $800 for an upgrade of the computer. This expenditure is expected to increase the operating efficiency and capacity of the computer. Dec. 31 Recorded 2015 depreciation, the company changed the depreciation method to straight-line method.. 3. DEF Co. uses the double-declining balance method of depreciation. The company's fiscal year end is December 31. The following transactions and events occurred during the first three years. Prepare the necessary journal entries. (Show computations.) 2013 July 1 Purchased a computer for $4,500 cash. Nov. 3 Incurred ordinary repairs on computer of $400. Dec. 31 Recorded 2013 depreciation on the basis of a 5 year life and estimated residual value of $500. Recorded 2014 depreciation. 2014 Dec. 31 2015 Jan. 1 Paid $800 for an upgrade of the computer. This expenditure is expected to increase the operating efficiency and capacity of the computer. Dec. 31 Recorded 2015 depreciation, the company changed the depreciation method to straight-line method..
The journal entries reflect the acquisition, repairs, depreciation, upgrade, and change in depreciation method for the computer asset. The necessary journal entries for the transactions and events related to DEF Co.'s computer, using the double-declining balance method of depreciation, are as follows:
2013:
July 1:
Computer (Asset) 4,500
Cash 4,500
Purchased a computer for $4,500 cash.
Nov. 3:
Repairs and Maintenance Expense 400
Cash 400
Incurred ordinary repairs on the computer.
Dec. 31:
Depreciation Expense 800
Accumulated Depreciation 800
Recorded 2013 depreciation based on a 5-year life and estimated residual value of $500.
2014:
Dec. 31:
Depreciation Expense 1,440
Accumulated Depreciation 1,440
Recorded 2014 depreciation based on the double-declining balance method.
2015:
Jan. 1:
Computer (Asset) 800
Cash 800
Paid $800 for an upgrade of the computer.
Dec. 31:
Depreciation Expense (Change) 400
Accumulated Depreciation (Change) 400
Recorded 2015 depreciation based on the straight-line method (depreciation change).
The journal entries reflect the acquisition, repairs, depreciation, upgrade, and change in depreciation method for the computer asset. The calculations for depreciation amounts are not provided in the given information.
It is important to note that the calculations for depreciation amounts depend on the specific depreciation rates and methods chosen by DEF Co., as well as the useful life and estimated residual value of the computer.
To know more about journal visit:
brainly.com/question/32420859
#SPJ11
Select 6 of the methods learned in the OM course, and find a case for each method, preferably a different case, to solve the cases with these methods, including the following contents: Method introduction Case introduction Solving process Results and summary
Six methods learned in OM course are lean manufacturing, six sigma, total quality management, just-in-time, theory of constraints and kaizen.
Six methods learned in OM course is:
1. Lean Manufacturing: It is an approach that helps in identifying and eliminating waste and improving the efficiency of the manufacturing process.
2. Six Sigma: It is a data-driven methodology that helps in identifying and removing defects or errors from the manufacturing process.
3. Total Quality Management (TQM): It is a management approach that focuses on quality improvement, customer satisfaction, and employee involvement.
4. Just-In-Time (JIT): It is a production strategy that focuses on producing goods at the exact time they are required to minimize waste and reduce costs.
5. Theory of Constraints (TOC): It is a methodology that helps in identifying and removing bottlenecks or constraints that limit the production process's capacity.
6. Kaizen: It is a philosophy that focuses on continuous improvement in small increments. It aims to identify and eliminate waste and improve efficiency gradually.
These are some methods learned in the OM course. You can choose any six methods from them to find a case for each method. Preferably, you can choose different cases for each method to solve the cases with these methods including the following contents:
Method introduction: Explain the method that you have chosen in detail, including its objectives, advantages, and limitations.
Case introduction: Provide a brief introduction to the case that you have selected. Explain the context and the problem that needs to be solved.
Solving process: Explain the process that you have followed to solve the case. Describe the steps that you have taken to apply the method that you have chosen.
Results and summary: Finally, provide a summary of the results that you have obtained. Explain how the method that you have chosen has helped in solving the case.
Learn more about lean manufacturing here: https://brainly.com/question/13079095
#SPJ11
Consider a company that will have need of financing 100 million dollars within a month and for a period of three months. The 28-day financing annual rate is 10%, but the company is concerned it will rise in the coming months. To protect itself from said risk, the company will agree to an FRA. Consider that the financial intermediaries offer the company a fixed rate of 10.5% to protect itself against said risk and that the concern of the company was justified and the interest rate rose in one month to 12.5% per year. Calculate the payment that the intermediary would make to the company in case the latter decided to protect itself against the mentioned risk. Consider 360 days in the year.
The payment that the intermediary would make to the company in case the latter decided to protect itself against the mentioned risk is $1,555,555.56
To calculate the payment that the intermediary would make to the company, use the following formula: Forward Rate Agreement (FRA) Payment = ((Notional Amount x (Agreed Interest Rate - Spot Rate) x (Number of Days / Days in the year)) / (1 + (Spot Rate x (Number of Days / Days in the year)))) Notional Amount is the amount that the FRA is based on. It is the amount that the company will borrow or lend for the time duration agreed upon in the contract. In this case, the notional amount is 100 million dollars. The agreed Interest Rate is the rate that the company agrees to pay or receive from the counterparty. In this case, the company agrees to pay 10.5%. Spot Rate is the rate that is prevalent at the time of entering into the contract. In this case, the spot rate is 10%.
The number of Days is the number of days between the date when the FRA is signed and the date when the company needs to borrow the money. In this case, the number of days is 28. Days in the year is the number of days in a year. In this case, the number of days is 360. Substitute the given values into the formula: FRA Payment = ((100,000,000 x (10.5% - 10%) x (28 / 360)) / (1 + (10% x (28 / 360))))= $1,555,555.56Therefore, the payment that the intermediary would make to the company in case the latter decided to protect itself against the mentioned risk is $1,555,555.56.
To know more about financial intermediaries: https://brainly.com/question/28545360
#SPJ11
please solve as soon Tu Drac, a mapr TV sales chan headquartered in New Orleans, is about to open its first outet in Mobile, Alabama, and wants to select a site that will place the new set in the center of Mobile's population based examines the seven census tracts in Mobile, plots the coordinates of the center of each from a map, and looks up the population base in each to use as a ghing The information gathered spears in the ga yfround your response to two decimal places) b) Census tracts 103 and 105 are each projected to grow by 20% in the next fround your response to two decimal places). y pound your response to two decimal places) Census Tract ** 101 100 103 104 105 106 107 a) The center-of-gravity coordinates for the location of the proposed outlet in Mobile. Alabama should be: KM round your response to two decimal places) Population in Census Tract 2.000 5.000 10,000 6.800 10.200 20,000 14,000 X, Y Map Coordinates (24,40) (2624) (574) (5020) (76.50) (72.16) (90.28) anter-of-gravity coordinates for the location of the proposed outlet in Mobile, Alabama should be
The center-of-gravity coordinates for the location of the proposed outlet in Mobile, Alabama should be (60.89, 53.53).
The center-of-gravity coordinates for the location of the proposed outlet in Mobile, Alabama are found by using the following formula:X = Σ (Population x X coordinate) / Σ PopulationY = Σ (Population x Y coordinate) / Σ PopulationUsing the information given, we can calculate the center-of-gravity coordinates:X = ((2,000 x 24) + (5,000 x 26) + (10,000 x 57) + (6,800 x 50) + (10,200 x 76.5) + (20,000 x 72.16) + (14,000 x 90.28)) / (2,000 + 5,000 + 10,000 + 6,800 + 10,200 + 20,000 + 14,000)X = 60.8856 ≈ 60.89Y = ((2,000 x 40) + (5,000 x 24) + (10,000 x 20) + (6,800 x 50) + (10,200 x 50) + (20,000 x 72.16) + (14,000 x 90.28)) / (2,000 + 5,000 + 10,000 + 6,800 + 10,200 + 20,000 + 14,000)Y = 53.5311 ≈ 53.53. Therefore, the center-of-gravity coordinates for the location of the proposed outlet in Mobile, Alabama should be (60.89, 53.53).
To know more about Mobile visit:
https://brainly.com/question/30255873
#SPJ11
There are two lemonade stands on the same street. Each time one vendor lowers the price of a glass of lemonade, the other vendor does the same. If one of the vendors increases the price of a glass of lemonade, the other vendor does the same. This is an example of Multiple Choice a) price leading. b) vertical restraint. c) exclusive selling. d) price-fixing.
In the given scenario, two vendors have opened lemonade stands on the same street, which is an example of Price leadership (option a).
Price leadership is a situation where one dominant firm in the industry is followed by other firms when it changes the price of its products. It is also referred to as "the firm with the dominant market share sets the prices that are then followed by the other firms in the industry.
"If a firm reduces the price of a good, then other firms in the industry follow the trend and lower the price of their products. If a firm raises the price of its products, other firms will also follow by raising the price of their products. This concept is primarily observed in industries such as petrol, raw materials, and other essential commodities.
Therefore, we can conclude that the given scenario is an example of price leadership. The answer is option (a).
Learn more about Price leadership here:
https://brainly.com/question/24288459
#SPJ11
