The coordination of all the tasks and responsibilities of a department to ensure the work that needs to be accomplished is completed correctly is called departmental coordination.
This involves ensuring that all employees are aware of their roles and responsibilities, communicating effectively with team members, and working collaboratively to achieve common goals.
Departmental coordination is essential for ensuring the smooth operation of a business and achieving optimal productivity and efficiency.
In the question, the correct term would be the coordination of all the tasks and responsibilities of a department to ensure the work that needs to be accomplished is completed correctly is called "departmental coordination"
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On January 1, 2020, Barber Corp. paid $1,160,000 to acquire Thompson Co. Thompson maintained separate incorporation. Barber used the equity method to account for the investment. The following information is available for Thompson’s assets, liabilities, and stockholders' equity accounts on January 1, 2020:BookValue FairValueCurrent assets $ 130,000 $ 130,000 Land 75,000 193,000 Building (twenty year life) 250,000 276,000 Equipment (ten year life) 540,000 518,000 Current liabilities 26,000 26,000 Long-term liabilities 124,000 124,000 Common stock 233,000 Additional paid-in capital 389,000 Retained earnings 223,000 Thompson earned net income for 2020 of $134,000 and paid dividends of $51,000 during the year.The 2020 total excess amortization of fair-value allocations is calculated to be
To calculate the total excess amortization of fair-value allocations for 2020, we first need to determine the fair value of Thompson's net identifiable assets as of January 1, 2020.
Fair value of current assets = $130,000
Fair value of land = $193,000
Fair value of building = $276,000
Fair value of equipment = $518,000
Fair value of current liabilities = $26,000
Fair value of long-term liabilities = $124,000
Fair value of common stock = $233,000
Fair value of additional paid-in capital = $389,000
Fair value of retained earnings = $223,000
Total fair value of net identifiable assets = $1,932,000
Since Barber Corp. paid $1,160,000 to acquire Thompson Co., the excess of cost over the fair value of net identifiable assets is $1,160,000 - $1,932,000 = -$772,000.
This negative amount represents the goodwill generated by the acquisition, which will need to be tested for impairment annually.
However, for the purpose of this question, we need to calculate the excess amortization of fair-value allocations for 2020.
To do so, we need to allocate the excess of cost over fair value to Thompson's assets and liabilities based on their relative fair values.
Allocation of excess of cost over fair value:
Current assets = $130,000/$1,932,000 x -$772,000 = -$51,519
Land = $193,000/$1,932,000 x -$772,000 = -$77,045
Building = $276,000/$1,932,000 x -$772,000 = -$110,942
Equipment = $518,000/$1,932,000 x -$772,000 = -$206,494
Current liabilities = $26,000/$1,932,000 x -$772,000 = -$10,961
Long-term liabilities = $124,000/$1,932,000 x -$772,000 = -$39,739
Total excess of cost over fair value allocated = -$496,700
This amount represents the excess of cost over fair value allocated to Thompson's assets and liabilities, which will be amortized over their respective useful lives.
However, we also need to account for the excess of cost over fair value allocated to Thompson's common stock and additional paid-in capital accounts.
Allocation of excess of cost over fair value to equity accounts:
Common stock = $233,000/$622,000 x -$772,000 = -$288,739
Additional paid-in capital = $389,000/$622,000 x -$772,000 = -$483,261
Total excess of cost over fair value allocated to equity accounts = -$772,000
This amount represents the excess of cost over fair value allocated to Thompson's equity accounts, which will not be amortized but will instead be tested for impairment annually.
Therefore, the 2020 total excess amortization of fair-value allocations is $496,700.
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We must first ascertain the fair value of Thompson's net identifiable assets as of January 1, 2020, in order to compute the entire excess amortisation of fair-value allocations for 2020.
Current assets' fair market value is $130,000.
Fair Market Value = $193,000
Building fair market value is $276,000.
Equipment fair market value is $518,000
Current obligations at fair value are worth $26,000.
Fair market value of long-term obligations is $142,000.
Common stock has a fair market value of $233,000
$389,000 is the fair value of the increased paid-in capital.
$223,000 is the fair value of retained earnings.
$1,932,000 is the total fair value of all net identified assets.
The excess of cost over the fair value of net identifiable assets is $1,160,000 $1,932,000 = -$772,000 since Barber Corp.
paid $1,160,000 to buy Thompson Co the goodwill created by the acquisition is represented by this negative value.
In order to do this, we must divide the cost over fair value amongst Thompson's assets and liabilities according to their respective fair values.
$130,00O/$1,932,000 x -$772,000 = -$51,519 is the current asset ratio.
Land = $193,000/$1,932,000 x -$772,000
= -$77,045
Construction =$276,00O/$1,932,000 x -$772,000
= -$110,942. Tools = $518,000/$1,932,000 x -$772,000
= -$206,494 Current liabilities equal $26,000/$1,932,000 x -$772,000, or -$10,961.
Long-term obligations are calculated as follows: -$39,739
Total allocated excess of cost over fair value = -$496,700.
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which of the following is a measure of input capacity? a. car per shift b. available bed per month c. number of pies made per shift d. patients served per month e. revenues per day
The measure of input capacity refers to the maximum amount of input that a system or process can handle in a given period of time. Out of the options provided, the measure of input capacity would be a. car per shift.
This is because it indicates the maximum number of cars that can be processed or handled during a single shift, which is a measure of the input capacity of the system. The other options do not directly relate to input capacity, as they either refer to output (number of pies made per shift, patients served per month) or revenue generated (revenues per day) rather than the maximum amount of input that can be handled.
Therefore, the correct answer is a. car per shift.
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Root Capital’s spirit of entrepreneurship dictates that the company be both__________________ a centralized and decentralized b global and local c centralized and hierarchical d standardized and uniform e rural and urban
Based on Root Capital's spirit of entrepreneurship, the company aims to be both global and local, which would suggest that the correct answer is (b).
Root Capital seeks to promote entrepreneurship and economic growth in rural areas of developing countries by providing access to capital and financial education, but also recognizes the importance of global networks and partnerships in achieving these goals. This approach requires a balance between maintaining local connections and knowledge, while also accessing global resources and expertise
Root Capital is a non-profit social investment fund that grows rural prosperity in poor, environmentally vulnerable places in Africa and Latin America by lending capital, delivering financial training, and strengthening market connections for small and growing agricultural businesses.
Option b is correct
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Two (advertising-free) newspapers compete in prices for an infinite number of days. The monopoly profits (per day) in the newspaper market are πM and the discount rate (per day) is δ. If the newspapers compete in prices, they both earn zero profits in the static Nash equilibrium. Finally, if the firms set the same price, they split the market equally and earn the same profits.a. The newspapers would like to collude on the monopoly price. Write down the strategies that the newspapers could follow to achieve this outcome. Find the discount rates for which they are able to sustain the monopoly price using these strategies.On Sundays, the newspapers sell a weekly magazine (that can be bought without buying the newspaper). The monopoly (competitive) profits when selling the magazine are also πM (zero).b. For which discount rates can the monopoly price be sustained only in the market for magazines? (Write down the equation that characterizes the solution.) Compare the solution found in subquestion 1 and comment briefly.c. For which discount rates can the monopoly price be sustained both in the market for newspapers and in the market for magazines? (Write down the equation that characterizes the solution.)
the monopoly price can be sustained in both markets if the discount rate is between 1/2 and 1.
For which discount rates can the monopoly price be sustained both in the market for newspapers and in the market for magazines?
To collude on the monopoly price, the newspapers could follow a strategy where they set the monopoly price each day, and if any of them deviates, they revert to the static Nash equilibrium price (which gives zero profits) forever. The discount rates for which they can sustain the monopoly price using these strategies can be found using the following inequality:
(πM) / (1 - δ) >= πM + δ(πM) / (1 - δ)
Solving for δ, we get:
δ >= πM / (2πM - πM)
δ >= 1/2
So, the newspapers can sustain the monopoly price if the discount rate is greater than or equal to 1/2.
b. For the market for magazines, the equation that characterizes the solution for the discount rate that can sustain the monopoly price is:
(πM) / (1 - δ) >= πM + δ(0) / (1 - δ)
Solving for δ, we get:
δ >= πM / πM
δ >= 1
So, the monopoly price can only be sustained in the market for magazines if the discount rate is greater than or equal to 1. Comparing this with the solution found in subquestion 1, we can see that it is easier to sustain the monopoly price in the market for newspapers than it is in the market for magazines.
c. For the discount rate that can sustain the monopoly price in both the market for newspapers and the market for magazines, we can combine the equations found in subquestions 1 and 2:
1/2 <= δ <= 1
So, the monopoly price can be sustained in both markets if the discount rate is between 1/2 and 1.
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In contrast to tools such as advertising and sales promotion, personal selling is often a much more effective tool
Select one:
a. for buyers engaging in repeat purchases
b. in impulse buying situations
c. for routine purchase situations
d. for buyers that have thoroughly researched the product
e. in complex purchase situations
E. Personal selling is often a much more effective tool in complex purchase situations, where the product or service is more expensive, requires more consideration, and involves a higher level of risk for the buyer.
Personal selling allows for personalized communication and relationship-building between the buyer and the seller, which can help address any concerns or questions the buyer may have and ultimately lead to a successful sale. In contrast, advertising and sales promotion may not be as effective in these situations, as they do not offer the same level of personalization and one-on-one interaction.
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the centerpiece of a fiduciary obligation is the agent's duty to act with due care when performing the responsibilities of the agency.TRue or False
The statement "the centerpiece of a fiduciary obligation is the agent's duty to act with due care when performing the responsibilities of the agency" is true.
The duty of due care is a fundamental aspect of a fiduciary obligation, which requires the agent to act in the best interest of their client or principal and to exercise reasonable care and skill when performing their duties. This duty includes a responsibility to act prudently, with diligence, and in good faith, and to avoid any conflicts of interest or self-dealing.
This means that the agent must act in the best interest of the principal and exercise a high standard of care, loyalty, and good faith in carrying out their duties.
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which is an accurate statement regarding the day of week and weekday/weekend tab in the monthly star report? it shows all the key performance indicators for all four time periods for the property and the comp set it is a very valuable page and can be used to find areas of improvement all of the above it shows data by every day of the week, as well as a weekday and weekend subtotal
The statement "It shows data by every day of the week, as well as a weekday and weekend subtotal" is an accurate statement regarding day of week, weekday in monthly star report. Option D is the correct answer.
The Day of Week and Weekday/Weekend tab in the monthly STAR (Smith Travel Accommodation Report) report shows the data by every day of the week, as well as a weekday and weekend subtotal.
The tab provides an overview of the hotel's performance on different days of the week, allowing managers to identify trends and patterns in their business. The weekday and weekend subtotals enable managers to evaluate the performance of their hotel during these two critical periods separately.
This tab is a valuable resource for hotel managers as it provides a detailed analysis of the hotel's performance on a daily basis. This information can be used to make decisions about pricing, marketing, and other aspects of hotel operations.
By reviewing the Day of Week and Weekday/Weekend tab, managers can identify areas for improvement and implement strategies to increase revenue and profitability.
Option D is the correct answer.
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fred contracts to sell a certain tract of land to mary for $20,000, but the contract is silent as to the time of delivery of the deed and payment of the price. in this case:
In the case where Fred contracts to sell a certain tract of land to Mary for $20,000, but the contract is silent as to the time of delivery of the deed and payment of the price, the following would apply:
Your answer: When a contract for the sale of land does not specify the time of delivery of the deed and payment of the price, the general rule is that delivery and payment should occur within a reasonable time.
What is considered "reasonable" depends on the specific circumstances surrounding the transaction, such as any customary practices in the industry or jurisdiction. Both parties should communicate and agree upon a reasonable time frame to complete the transaction to avoid potential disputes.
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What industry hires the highest percentage of employees from linkedin?
LinkedIn does not publicly disclose detailed information on the percentage of employees hired from their platform by industry. The hiring practices of employers on LinkedIn can vary greatly depending on many factors, including geographic location, and hiring needs.
However, LinkedIn is a professional networking platform that is widely used across various industries and sectors for recruitment and talent acquisition. It is commonly used by employers and recruiters to identify and connect with potential candidates, post job openings, and engage in professional networking.
It's important to note that the percentage of employees hired from LinkedIn can vary greatly depending on the specific industry, region, and other factors. Employers often use multiple channels and methods for recruitment, including online job boards, career fairs, referrals, and other strategies. It's always best to consult reliable and up-to-date sources for the latest information on industry-specific hiring practices.
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What success measures will signal progress on your development focus areas?
The metrics for success that indicate development progress The project's objectives and the specific area of attention will determine the focus areas. Goal setting, teamwork, active listening, conflict resolution, adaptability, accepting constructive criticism, and more are some crucial areas for improvement.
Forming an opinion about the flaws of someone or something is the process of criticism. Criticism can take many different forms, from simple observations to a detailed written response. Critique can be categorized in a number of ways that overlap, including "theoretical, practical, impressionistic, emotive, prescriptive, or descriptive."
Criticism is another word for expressing disapproval of someone or something. This form of constructive criticism can help someone realize where their comprehension is inadequate and point them in the direction of clear development pathways. Research backs up the notion that offering helpful criticism and feedback to others while they are learning has a big influence.
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The defendant, Legendary Marine Sales, is a Florida corporation having places of business in Destin, Florida, and Orange Beach, Alabama, and is a dealer for several boat manufacturers, including Fountain Powerboats of Washington, North Carolina. The defendant is primarily engaged in the business of selling new and used boats. In March and April of 2002, the defendant had approximately twenty-five employees, and sold about twenty-five boats a month. Of the defendant's sales, approximately eighty per cent were to Florida residents; fifteen per cent were to residents of Alabama and Georgia; and the remaining sales were to residents of a few nearby southern States. The defendant has never maintained offices, nor has been represented by any agents or employees, in Massachusetts. The sale to the plaintiffs (see below) is the only sale the defendant ever made to a Massachusetts resident. The defendant does not advertise in any media specifically aimed at Massachusetts. The defendant advertises boats for sale in Boat Trader, an advertising booklet distributed in the North Florida area, and also advertises on Boat Trader's Web site. The plaintiffs (William A. Roberts and William C. Roberts) are Massachusetts residents. In March, 2002, the plaintiff William A. Roberts viewed an advertisement placed by the defendant on Boat Trader's Web site. The advertisement stated: "1999 38' Fountain Lightning with Twin 500 EFJ's/Never Titled/This Boat lists at over $280,000/Watch the competition disappear in your mist/THIS COULD BE THE BUY OF A LIFETIME/ONLY TEN HOURS ON BOAT /Make an offer." The advertisement indicated that the boat was located at the defendant's place of business in Destin, Florida. William A. telephoned the defendant about the boat. He spoke with John Hodskins, the defendant's designated sales representative for Fountain Powerboats. William A. informed Hodskins that he lived in Massachusetts and wanted to purchase a boat that he would use and store in Massachusetts. Hodskins repeatedly referred to the advertised boat as "new," and stated that there were only ten hours of use on each engine on the boat. Several telephone conversations and e-mail communications between William A. and Hodskins followed. Eventually William A. agreed, on the telephone, to purchase the boat for $150,000. The defendant mailed a purchase agreement to William A. in Massachusetts.
William A. signed the agreement and mailed it back to the defendant in Florida. The plaintiffs sent payment to Florida. During negotiations, the plaintiffs' financing agent required a boat survey or inspection. William A. hired a Florida boat surveyor, one recommended by the defendant, to examine the boat in Florida. The surveyor informed the plaintiffs of several defects and problems, all of which the defendant promised to remedy. William A. hired an independent contractor from Florida, one recommended by the defendant, to take possession and transport the boat from Florida to Massachusetts. Soon after the boat was delivered to Massachusetts in June, 2002, William A. had it serviced and learned that many of the defects and problems had not been corrected. In addition, William A. was informed that the boat had a broken fuel pump and other mechanical problems, and that the actual hours on the boat's engines were seventy-four and seventy-six hours, respectively.
What is/are the source(s) of law the court would have to look to in order to decide which state is the correct place for the lawsuit to be brought? (Constitution? A statute? A regulation? )
The source of law the court would have to look to in order to decide which state is the correct place for the lawsuit to be brought is likely a statute or common law principles of personal jurisdiction.
The court would need to determine whether the defendant has sufficient minimum contacts with Massachusetts to justify the exercise of personal jurisdiction over the defendant in Massachusetts. The court may also consider any applicable federal statutes or regulations related to personal jurisdiction.
The source of law the court would have to look to in order to decide which state is the correct place for the lawsuit to be brought is the "long-arm statute" of the relevant state(s) and the U.S. Constitution's Due Process Clause.
Long-arm statutes are state-specific laws that determine a state's jurisdiction over non-resident defendants, while the Due Process Clause provides the constitutional limitations on personal jurisdiction.
The court will consider whether the defendant has sufficient minimum contacts with the forum state and whether exercising jurisdiction would be fair and reasonable, in accordance with the constitutional requirements.
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smart cards are less protected from misuse that conventional credit, charge, and debit cards because the smart card information is not encrypted. (True or False)
The given statement: smart cards are less protected from misuse than conventional credit, charge, and debit cards because the smart card information is not encrypted is FALSE.
Smart cards are designed to store and process data securely. They use a microprocessor to encrypt information, making it difficult for unauthorized individuals to access and use the data.
In contrast, conventional credit, charge, and debit cards typically use magnetic stripes or other less secure technologies to store data, which can be more easily copied or intercepted.
Smart cards also often require a PIN or other authentication method to access the data on the card, adding an extra layer of security. This means that even if a smart card is lost or stolen, it is less likely that the information on the card will be misused.
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P8-2 Analyzing the Effects of Repairs, an Addition, and Depreciation LO8-2, 8-3[The following information applies to the questions displayed below.]A recent annual report for Commonwealth Delivery included the following note:Property and EquipmentExpenditures for major additions, improvements, flight equipment modifications are capitalized when such costs are determined to extend the useful life of the asset or are part of the cost of acquiring the asset. Expenditures for equipment overhaul costs of engines or airframes prior to their operational use are capitalized as part of the cost of such assets as they are costs required to ready the asset for its intended use. Maintenance and repairs are charged to expense as incurred . . .Assume that Commonwealth Delivery made extensive repairs on an existing building and added a new wing. The building is a garage and repair facility for delivery trucks that serve the Denver area. The existing building originally cost $756,000, and by the end of last year, it was half depreciated based on use of the straight-line method, a 18-year estimated useful life and no residual value. During the current year, the following expenditures related to the building were made:a. Ordinary repairs and maintenance expenditures for the year, $14,000 cash.b. Extensive and major repairs to the roof of the building, $138,000 cash. These repairs were completed at the end of the current year.c. The new wing was completed on December 31 of the current year at a cash cost of $248,000.
The new wing completed on December 31 of the current year at a cash cost of $248,000 should also be capitalized as part of the cost of the building since it extends the useful life of the asset.
When the new wing completed & tell it's cost too?
Commonwealth Delivery made extensive repairs on an existing building and added a new wing during the current year. The existing building originally cost $756,000, and it was half depreciated by the end of last year. The straight-line method was used to calculate depreciation, and the estimated useful life of the building was 18 years with no residual value.
The expenditures related to the building during the current year included ordinary repairs and maintenance expenditures of $14,000, extensive repairs to the roof of the building completed at the end of the current year for $138,000, and the completion of a new wing on December 31 at a cash cost of $248,000.
The ordinary repairs and maintenance expenditures of $14,000 should be charged to expense as incurred since they are not expected to extend the useful life of the building.
The extensive repairs to the roof of the building completed at the end of the current year for $138,000 should be capitalized as part of the cost of the building since they extend the useful life of the asset. The remaining useful life of the building will need to be adjusted based on the cost of the repairs.
The new wing completed on December 31 of the current year at a cash cost of $248,000 should also be capitalized as part of the cost of the building since it extends the useful life of the asset. The new wing will need to be depreciated separately from the original building, and its useful life will need to be estimated.
Overall, the depreciation expense for the current year will need to be adjusted based on the completed repairs and the addition of the new wing. The current book value of the building will also need to be updated to reflect the completed repairs and the addition.
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One explanation for the length of the Great Recession is that there was a leftward shift in the long-run aggregate supply curve, caused by: Choose one: A. decreased consumer confidence. B. decay of key infrastructure. C. new financial regulations. D. instability in the housing market. E. sticky prices.
The correct option that explains the length of the Great Recession due to the leftward shift in the long-run aggregate supply curve is option D, instability in the housing market.
This is because the Great Recession was primarily caused by the bursting of the housing bubble, which led to a significant decline in the housing prices, and triggered a chain reaction of events that impacted the entire economy. As a result of the housing market instability, consumers became more cautious in their spending, businesses reduced their investments, and the overall demand for goods and services decreased, which caused a leftward shift in the long-run aggregate supply curve.
The decreased demand resulted in lower output levels, higher unemployment rates, and reduced economic growth. The other options, such as decreased consumer confidence, decay of key infrastructure, new financial regulations, and sticky prices, may have contributed to some extent, but they were not the primary cause of the Great Recession.
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the bonds issued by manson and son bear a coupon of 6 percent, payable semiannually. the bond matures in 15 years and has a $1,000 face value. currently, the bond sells at par. what is the yield to maturity? group of answer choices 5.97 percent 6.17 percent 6.00 percent 6.09 percent 5.87 percent
The yield to maturity is option (c) 6%
The yield to maturity (YTM) is the total return anticipated on a bond if held until it matures. It is calculated as the discount rate that equates the present value of all future cash flows (coupons and principal) received from the bond to its current market price.
In this case, the bond issued by Manson and Son has a coupon rate of 6% per annum, payable semiannually. The face value of the bond is $1,000, and it matures in 15 years. Currently, the bond sells at par, which means that its market price is equal to its face value.
Since the bond sells at par, its current market price is $1,000. Therefore, the present value of all future cash flows received from the bond is also $1,000. The cash flows consist of 30 semiannual coupon payments of $30 each ($1,000 x 6%/2) and a final payment of $1,000 at maturity.
Using a financial calculator or spreadsheet, we can calculate the YTM of the bond as the discount rate that makes the present value of all future cash flows equal to $1,000. The YTM turns out to be 6%, which is equal to the coupon rate of the bond.
Therefore, the correct option is (c) 6%
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Which withdrawal and deposit method do you think you would use most in your own life?
I would likely use a bank transfer as my most used withdrawal and deposit method in my own life. It's a convenient, secure, and fast way to move money between accounts, and it is widely accepted.
What is bank transfer?Bank Transfer is a type of electronic funds transfer from one bank account to another. It is the most secure and convenient way to move money from one account to another. With a bank transfer, one can easily move money from one account to another in a matter of minutes, as long as both accounts are in the same bank or in different banks that are connected through the same banking network. It is also possible to transfer money internationally, although this may take a few days to complete. Bank Transfers are usually free or with a minimal fee, depending on the bank and the amount transferred.
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a firm can establish a sustainable competitive advantage over competitors if: group of answer choices the firm focuses solely on productivity rather than quality and service. there is a high potential for competing firms to create or buy the firm's information technology. the firm uses information technology to continuously improve the core functions of its business. the firm has access to the same information technology as its competitors.
A firm can establish a sustainable competitive advantage over competitors if c) the firm uses information technology to continuously improve the core functions of its business.
When one company continually outperforms others in the same industry, that company has a competitive edge. If a company's earnings exceed those of its competitors, it is said to be outperforming them. When a competitive advantage lasts for a longer period of time, it is regarded to be stronger.
If maintaining a bigger profit margin than other companies in the same industry is required for long-term competitive advantage, how does a corporation establish a strategy to obtain and maintain competitive advantage?
The two major components of profit are that customers value and will pay for the goods and services, and that a corporation can keep production costs connected to goods and services low, resulting in a bigger profit.
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Correct question:
A firm can establish a sustainable competitive advantage over competitors if:
a) the firm focuses solely on productivity rather than quality and service.
b) there is a high potential for competing firms to create or buy the firm's information technology.
c) the firm uses information technology to continuously improve the core functions of its business.
d) the firm has access to the same information technology as its competitors.
assume a purely competitive constant-cost industry is initially at long-run equilibrium. now suppose that a decrease in consumer demand occurs. after all the long-run adjustments have been completed, the new equilibrium price:
Assume a purely competitive, increasing-cost industry is in long-run equilibrium. If a decline in demand occurs, firms will leave the industry and price and output will both decline.
In a purely competitive increasing-cost industry, firms operate at the minimum efficient scale, and long-run equilibrium is achieved when price equals minimum average total cost. In this scenario, firms cannot increase production without incurring higher costs.
If a decline in demand occurs in this industry, the quantity demanded of the product decreases, leading to an excess supply of goods. This excess supply will cause prices to decrease, which will force firms to reduce output to the point where the market is once again in equilibrium.
-------The given question is incomplete, the complete question is:
"Assume a purely competitive, increasing-cost industry is in long-run equilibrium. If a decline in demand occurs, firms will?"-------
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The cost management information system is concerned with
a. reporting financial information according to GAAP.
b. providing cost information that is used in planning, control, and decision-making.
c. reporting to external users.
d. providing financial information to investors.
Providing cost information that will be used in the sectors of planning, control, and cognitive decision making is needed by the cost management information system. Thus the correct Option is B.
Cost management refers to the process of cognitive planning and precise control of costs associated with running a business. This process includes collecting and selecting information and reporting the cost-related queries to form a more effective budget.
Furthermore, Cost management also provides crucial aid in the sectors of monitoring cost and forecast so that the business can run smoothly over the course of time. So from the given explanation we can reach the conclusion that the Cost management system is concerned with only providing cost information that will be used in planning, control, and decision making.
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You mother had a salary of $15,000 in 1992. If the price index was 120 for 1992 and 253 for 2020, the value of the money he inherited in 2020 dollars is $7.115 $56,400 $12.500 $31.625
In 1992, your mother earned $15,000 per year. The amount he inherited would be worth $31.625 in 2020 USD if the price index in 1992 was 120 and in 2020 it is 253. Here option D is the correct answer.
To calculate the value of the money in 2020 dollars, we need to adjust the 1992 salary for inflation using the price indices for both years.
The inflation rate between 1992 and 2020 can be calculated as:
Inflation rate = (Price index in 2020 / Price index in 1992) × 100
Inflation rate = (253 / 120) × 100
Inflation rate = 210.83%
This means that prices in 2020 are 210.83% higher than they were in 1992. Therefore, we can calculate the value of the $15,000 salary in 2020 dollars as:
Value in 2020 dollars = Value in 1992 dollars × (Price index in 2020 / Price index in 1992)
Value in 2020 dollars = $15,000 × (253 / 120)
Value in 2020 dollars = $31,625
This represents the inflation-adjusted value of the $15,000 salary in 1992, in terms of its purchasing power in 2020.
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Complete question:
You mother had a salary of $15,000 in 1992. If the price index was 120 for 1992 and 253 for 2020, the value of the money he inherited in 2020 dollars is
A - $7.115
B - $56,400
C - $12.500
D - $31.625
if $100 of new private investment gets added to the economy, and the marginal propensity to consume is 0.80, by how much will aggregate demand increase?
Aggregate demand increase would be $144.
If the marginal propensity to consume is 0.80, it means that 80% of any increase in income will be spent, and the remaining 20% will be saved. Therefore, $80 of the new investment will be consumed and $20 will be saved.
Since every dollar of investment spending is also income for someone else in the economy, the $80 that is consumed will generate an additional $64 of income, and the $20 that is saved will not immediately contribute to demand.
Therefore, the increase in aggregate demand from $100 of new private investment, with a marginal propensity to consume of 0.80, would be $80 + $64 = $144.
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1) define general overhead (goh)? provide 3 examples. define project overhead? provide 3 examples. (4 points)
General overhead (GOH) refers to the indirect expenses incurred by a company that cannot be traced back to a specific project or product. Project overhead, on the other hand, refers to the indirect expenses that are specific to a particular project or product.
General overhead expenses are necessary for the company's overall operations and are usually included in the company's budget. Examples of general overhead include rent, utilities, salaries of administrative staff, and office supplies.
Project overhead expenses are usually incurred to support the project team and to ensure the project's success. Examples of project overhead include project management salaries, travel expenses for team members, and software or equipment needed for the project.
In summary, general overhead is indirect expenses that are necessary for the company's overall operations while project overhead is indirect expenses that are specific to a particular project or product.
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if cola and iced tea are good substitutes for consumers, then it is likely that: group of answer choices their cross price elasticities are greater than zero.
If cola and iced tea are good substitutes for consumers, then it is likely that their cross-price elasticities are greater than zero.
The cross-price elasticity of demand is a measure of how the quantity demanded of one good responds to a change in the price of another good. When two goods are substitutes, an increase in the price of one good leads to an increase in the demand for the other good.
So, if the price of cola increases, consumers will likely switch to iced tea, increasing its demand. This relationship results in a positive cross-price elasticity (greater than zero) for these two goods, indicating that they are indeed good substitutes for consumers.
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at the company level, the size of a pension fund is typically reflected in the sponsoring company'smultiple choice question.pension expense on the income statement.pension liability on the balance sheet.pension asset on the balance sheet.
The size of a pension fund is typically reflected in the sponsoring company's pension asset or pension liability on the balance sheet.
Option D is correct
A pension liability is the difference between the projected benefit obligation and the fair value of the plan assets, whereas a pension asset is the excess of the fair value of the plan assets over the projected benefit obligation.
The funded status of the pension plan is reflected by the pension asset or liability, which is a crucial sign of a company's financial health and can affect the balance sheet and income statement of the business.
The amount of pension cost recognized in the income statement as pension expense, on the other hand, is dependent on a number of factors, such as the projected benefit obligation, the discount rate used to calculate the projected benefit obligation, and the expected return on plan assets.
Option D is correct
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what variances can be computed using the three data elements of pv, ac, and ev, in the earned value/schedule system?
Variances can be computed using the three data elements of pv, ac, and ev, in the earned value/schedule system, are Schedule Variance (SV), Cost Variance (CV), Schedule Performance Index (SPI), Cost Performance Index (CPI).
Schedule Variance (SV) measures the difference between the earned value (EV) and the planned value (PV) and represents the schedule performance of the project. The formula for SV is EV - PV.
Cost Variance (CV) measures the difference between the earned value (EV) and the actual cost (AC) and represents the cost performance of the project. The formula for CV is EV - AC.
Schedule Performance Index (SPI) measures are the schedule efficiency of the project and is calculated by dividing the earned value (EV) by the planned value (PV). The formula for SPI is EV / PV.
Cost Performance Index (CPI ) measure the cost efficiency of the project and is calculated by dividing the earned value (EV) by the actual cost (AC). The formula for CPI is EV / AC.
Overall, these variances and indices help project manager monitor or their projects progress and make adjustments as needed to ensure successful project completion.
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on some projects, if members from a supplier company and/or representatives from the customer have a desk in the project workspace, this is referred to as .
In some projects, when members from a supplier company and/or representatives from the customer share a desk in the project workspace, this is referred to as "co-location" or "co-locating."
Co-location involves placing key project stakeholders, such as team members, suppliers, and customer representatives, in close physical proximity to encourage collaboration, communication, and quick decision-making.
Co-location can provide several benefits to a project, such as increased efficiency, reduced communication barriers, and improved relationships among team members. By having everyone in the same workspace, it becomes easier to address any issues, questions, or concerns in real-time, which can lead to faster project completion and higher customer satisfaction. Additionally, co-location helps build trust and rapport between team members, suppliers, and customers, fostering a more cohesive and successful working environment.
However, it is important to note that co-location may not always be feasible or practical for every project. In situations where team members or stakeholders are located in different geographic regions, virtual collaboration tools can be used to mimic the benefits of co-location. Overall, the key takeaway is that effective communication and collaboration among project stakeholders, whether through co-location or virtual means, are essential for successful project outcomes.
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Mr. Tuck and Ms. Under organized a new business as an LLC in which they own equal interests. The new business generated a $5,800 operating loss for the year. Required: a. If Mr. Tuck's marginal tax rate before consideration of the LLC loss is 35 percent, compute his tax savings from the first-year LLC loss. Assume the basis, excess business loss limitations, and other loss limitations do not apply. Tax savings
Based on the given information, Mr. Tuck and Ms. Under organized a new business as an LLC, in which they own equal interests. The new business generated a $5,800 operating loss for the year. If Mr. Tuck's marginal tax rate before consideration of the LLC loss is 35 percent, we can compute his tax savings from the first-year LLC loss.
To calculate Mr. Tuck's tax savings, we need to multiply the LLC operating loss by his marginal tax rate. Therefore, Mr. Tuck's tax savings would be $5,800 x 0.35 = $2,030.
It's important to note that there may be some limitations to the amount of losses that can be deducted from an LLC. These limitations can include basis limitations and excess business loss limitations, which could impact the tax savings calculation. However, as these limitations are not mentioned in the question, we assume that they do not apply.
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formal declaration fo a companys core values business objectives
A mission statement is a formal declaration of a company's core values, business objectives, and ethical aspirations.
The mission statement serves as a guiding principle for the organization, helping to define its purpose and outline its strategic goals.
To create a mission statement, the company should:1. Identify its core values: These are the principles that guide the organization's actions and decision-making processes. Examples include integrity, innovation, and customer service.
2. Define its business objectives: These are the specific, measurable goals that the company aims to achieve. Examples include increasing market share, improving profitability, and expanding product offerings.
3. Articulate its ethical aspirations: These are the moral and ethical standards that the company strives to uphold in all its actions. Examples include commitment to sustainability, fair labor practices, and corporate social responsibility.
4. Craft a concise statement: Combine the core values, business objectives, and ethical aspirations into a clear, concise statement that is easy to understand and remember.
5. Communicate the mission statement: Share the mission statement with employees, customers, and other stakeholders to ensure that everyone is aware of the company's guiding principles and strategic goals.
By having a well-defined mission statement, a company can maintain focus, align its activities with its values, and provide a foundation for ethical decision-making. This helps the organization to build a strong reputation, foster a positive corporate culture, and achieve long-term success.
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which expense typically is billed to the user directly in on-premises environments but not in cloud environments? a. electricity costs b. software costs c. hardware costs d. training costs
Option C) The expense that is typically billed to the user directly in on-premises environments but not in cloud environments is c. hardware costs.
In on-premises environments, users have to purchase and maintain their own hardware, whereas in cloud environments, hardware is owned and maintained by the cloud provider.
This is one of the benefits of cloud computing as it eliminates the need for users to purchase and maintain their own hardware.
In on-premises environments, the user is responsible for managing their own physical infrastructure, including the electricity needed to power the servers and cooling systems. In contrast, cloud environments are managed by cloud service providers, so the electricity costs are absorbed by the provider and are not directly billed to the user.
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The following table contains prices and quantities for the three goods produced in the country of Linfieldia. Year Price of a Notebook Quantity of Notebooks Price of a Thesis Quantity of Theses Price of a Doughnut Quantity of Doughnuts2014 $2.00 80 $830 6 $0.50 4002015 $2.50 75 $780 8 $1.00 4002016 $3.00 90 $1,500 3 $1.00 350 Assuming that 2015 is the base year, what is the GDP deflator for 2016?A. 87 B. 176 C. 116 D. 149
The GDP deflator for 2016 is approximately 176, which means that the overall price level has increased by 76% since the base year of 2015. Here option B is the correct answer.
To calculate the GDP deflator for 2016, we need to use the formula:
GDP deflator = (Nominal GDP / Real GDP) × 100
Where Nominal GDP is the GDP calculated using current prices, and Real GDP is the GDP calculated using base-year prices.
First, we need to calculate the nominal GDP for 2016:
Nominal GDP = (Price of Notebooks × Quantity of Notebooks) + (Price of Theses × Quantity of Theses) + (Price of Doughnuts × Quantity of Doughnuts)
Nominal GDP = ($3.00 × 90) + ($1,500 × 3) + ($1.00 × 350)
Nominal GDP = $270 + $4,500 + $350
Nominal GDP = $5,120
Next, we need to calculate the real GDP for 2016 using 2015 as the base year:
Real GDP = (Price of Notebooks in 2015 × Quantity of Notebooks in 2016) + (Price of Theses in 2015 × Quantity of Theses in 2016) + (Price of Doughnuts in 2015 × Quantity of Doughnuts in 2016)
Real GDP = ($2.50 × 90) + ($780 × 3) + ($1.00 × 350)
Real GDP = $225 + $2,340 + $350
Real GDP = $2,915
Now we can calculate the GDP deflator:
GDP deflator = (Nominal GDP / Real GDP) × 100
GDP deflator = ($5,120 / $2,915) × 100
GDP deflator = 175.61
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