In countries where consumers have more income to spend after their physical needs are satisfied, advertising stimulates innovation and new products.
Advertising stimulate innovation and new products in countries where consumers have more income to spend after their physical needs are satisfied because as disposable incomes increase, individuals will have more resources to spend on non-essential items, such as branded goods, luxury services, and premium items. Because of the increased demand, producers will respond by developing new items and improving current goods to capture this market. These product advancements and innovations are promoted by advertising to encourage new customers to test and buy them.
Therefore, the answer is: it stimulates innovation and new products.
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define partnership and then explain
a)four elements of partnerships
b)rights and duties of partners in partnership business
c)the dissolution of partnerships
a point on a nation's production possibilities frontier indicates: a. an undesirable combination of goods and services. b. combinations of output that are unattainable, given the current stock of resources and technology. c. levels of production that will cause both unemployment and inflation. d. that resources are fully utilized in producing the given combination of goods and services.
A point on a nation's production possibilities frontier indicates that resources are fully utilized in producing the given combination of goods and services. The correct answer is d.
A point on a nation's production possibilities frontier indicates that the given combination of goods and services is attainable, given the current stock of resources and technology.
This combination of goods and services utilizes the resources of the nation in the most efficient way possible, making the most of all available resources.
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Describe the 4 types of pricing strategy available to a
marketing manager?
The four types of pricing strategy available to a marketing manager are:
Cost-plus pricing: This strategy involves adding a markup percentage to the cost of producing a product to determine its selling price.Value-based pricing: This approach involves setting prices based on the perceived value of the product to the customer. The goal is to capture as much of the customer's willingness to pay as possible.Penetration pricing: This strategy involves setting a low initial price to quickly gain market share and attract new customers. The price is then raised once the product has gained acceptance in the market.Skimming pricing: This approach involves setting a high initial price to capture the most profit from early adopters of a new product. The price is then gradually lowered over time to attract more price-sensitive customers.The marketing manager must carefully consider factors such as competition, production costs, and consumer demand when selecting the appropriate pricing strategy.
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which statement is not an illustration of opportunity cost? a. if a person takes a job as long-distance truck driver, he won't have as much time to spend with his family. b. if a person studies for her english class, she won't have as much time to write creative poetry. c. the more a person works at her job, the more leisure time she has. d. if i party every night of the week, my grades at school will drop.
The correct option is c. The statement that is not an illustration of opportunity cost is "the more a person works at her job, the more leisure time she has.
"Opportunity cost refers to the value of the choice of the next best alternative that is forgone in the decision-making process. In other words, opportunity cost is the opportunity lost in selecting one option over another. The opportunity cost arises because there are finite resources available to society, and individuals must choose between alternative options because they cannot have everything they desire.
Therefore, the statement that is not an illustration of opportunity cost is "the more a person works at her job, the more leisure time she has." This statement is not an illustration of opportunity cost because it doesn't involve any choice between two or more alternatives; it only reflects the relationship between the amount of work and the amount of leisure time a person has. The statement does not imply that anything is being sacrificed or given up in order to have more leisure time.
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Capital gain on the sale of real property located in Singapore by a Filipino residing in the Malaysia is c. Not subject to tax d. Capital gains tax a. Subject to personal income tax using graduated rates of 0% to 35%
b. Subject to final tax on passive income c. Subject to capital gains tax d. Not subject to any income tax 14.
Under an irrevocable trust agreement, Mr. X transferred an income-producing property to Mr. Y for the benefit of Mr. Z. During the year, the net income of the trust property amounted to P10,000,000, out of which P4 million was given by Mr. Y to Mr. Z? Which of the following is wrong? a. The income distributed to Mr.Z is deductible from the income of the trust property. b. The net income of the trust property, net of the amount distributed to Mr. Z, is taxable to c. The net income of the trust property, net of the amount distributed to Mr. Z, is taxable to the trust. Mr. X. d. The income distributed to Mr.Z is taxable to him.
Capital gain on the sale of real property located in Singapore by a Filipino residing in Malaysia is subject to personal income tax using graduated rates of 0% to 35%.
Under an irrevocable trust agreement, Mr. X transferred an income-producing property to Mr. Y for the benefit of Mr. Z. During the year, the net income of the trust property amounted to P10,000,000, out of which P4 million was given by Mr. Y to Mr. Z.
In this situation, the income distributed to Mr.Z is taxable to him and is deductible from the income of the trust property. The net income of the trust property, net of the amount distributed to Mr. Z, is taxable to the trust.
The transfer of income-producing property by Mr. X to Mr. Y is deemed a gift and is subject to gift taxes. However, when the amount distributed to Mr. Z is taxable to him, it will not be subject to gift taxes. The net income of the trust, net of the amount distributed to Mr. Z, is taxable to the trust.
Income earned from the trust property, including capital gains, is subject to the Philippine personal income tax using graduated rates from 0% to 35%. The net income of the trust property, net of the amount distributed to Mr. Z, is taxable to the trust and subject to the Philippine personal income tax.
In conclusion, the capital gain on the sale of real property located in Singapore by a Filipino residing in Malaysia is subject to personal income tax using graduated rates of 0% to 35%. The income distributed to Mr.Z is taxable to him and is deductible from the income of the trust property. The net income of the trust property, net of the amount distributed to Mr. Z, is taxable to the trust.
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suppose that a bank holds the exact amount of required reserves, where the ratio is 10%. the bank has $300 in cash in its vault, $4,000 in loans to customers, and $800 in deposits at the federal reserve. the bank's checkable deposits are:
If the bank holds the exact amount of required reserves, where the ratio is 10% and the bank has $4300 in cash in its vault, $4000 in loans to customers, and $800 in deposits in at the federal reserve then the bank's checkable deposits are $35200.
We can calculate the checkable deposits of the bank:
The bank holds required reserves equal to 10% of its checkable deposits. This means that the bank is allowed to lend out 90% of checkable deposits since it has met the reserve requirement. So, in this question, we will calculate the bank's checkable deposits.
We know that,
Required reserves = 10% of Checkable deposits
Therefore, Checkable deposits = Required reserves / Required reserve ratio
Now we have to find out required reserves.
Required reserves = Total deposits × Required reserve ratio
Total deposits = Deposits at the Federal Reserve + Checkable deposits
So, Total deposits = $800 + Checkable depositsThe Required reserve ratio is 10%.
Therefore,Required reserves = (Deposits at the Federal Reserve + Checkable deposits) × 10%Required reserves
= (800 + Checkable deposits) × 10%Required reserves
= (0.1) (800 + Checkable deposits)
Required reserves = 80 + 0.1 Checkable deposits
Now we can replace Required reserves with 80 + 0.1 Checkable deposits in equation
(1)Checkable deposits = Required reserves / Required reserve ratioCheckable deposits
= (80 + 0.1 Checkable deposits) / 0.1Checkable deposits
= 800 + Checkable depositsCheckable deposits - Checkable deposits
= 800Checkable deposits
= $35,200
Therefore, the bank's checkable deposits are $35,200.
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What are the five main things needed to start a business. with
your own business concept, assign percentages to each of these five
things with explanations (not more than 3 pages)
pick a business idea
Starting a business can be a challenging but rewarding experience. To start a business, there are five main things that are typically needed:
a business concepta business planfinancinglegal structuremarketing strategyA service-based business may require less financing than a manufacturing business. Here is an example of how the percentages may be assigned for a food truck business:
Business Concept (30%): In the case of a food truck business, the concept could be the type of cuisine, the menu, or the overall theme of the business. The concept should be unique and offer something that is not readily available in the market. Business Plan (25%): The business plan is a detailed roadmap that outlines the strategy, goals, and operations of the business. It includes a description of the products or services offered, target market, competition analysis, financial projections, and marketing strategy.Financing (20%): It involves identifying the sources of funding, estimating the start-up costs, and projecting the cash flow. For a food truck business, the financing may include the cost of the truck, kitchen equipment, permits, and licenses.Legal Structure (15%): Choosing the appropriate legal structure is crucial for protecting the business owner's personal assets, as well as determining tax obligations. For a food truck business, the legal structure could be a sole proprietorship, partnership, limited liability company (LLC), or corporation.Marketing Strategy (10%): It involves promoting the products or services to the target market, building brand awareness, and attracting customers. For a food truck business, the marketing strategy could include social media marketing, local event participation, and referral marketing. The marketing strategy is assigned a weight of 10%.Learn more about business:
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What is the primary purpose of a business message?
Group of answer choices
A.To promote goodwill
B.To sell people stuff
C.To inform or persuade
D.To promote goodwill and To sell people stuff
The primary purpose of a business message is C) to inform or persuade its intended audience.
This could be in the form of a sales pitch, a marketing campaign, or an informative announcement. The message is designed to convey important information about the company, its products or services, or any relevant updates or changes.
Ultimately, the goal is to achieve a desired outcome, whether that's making a sale, securing a partnership, or simply informing the audience about important information.
While promoting goodwill is certainly an important aspect of business communication, it is not the primary purpose. However, a well-crafted business message can certainly help build and maintain positive relationships with customers, partners, and other stakeholders.
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marst corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below: january february march budgeted production (in units) 70,000 ? 80,000 budgeted raw materials purchases (in pounds) 142,400 151,600 158,800 two pounds of raw materials are required to produce one unit of product. the company wants raw materials on hand at the end of each month equal to 30% of the following month's production needs. the company is expected to have 42,000 pounds of raw materials on hand on january 1. budgeted production for february should be: multiple choice 103,400 units 80,600 units 80,000 units 74,000 units
The budgeted production for February should be 72,800 units.
To determine the budgeted production for February, we need to first calculate the raw materials needed for production in each month, based on the budgeted production and the raw materials requirement of 2 pounds per unit:
January:
Raw materials needed = 70,000 units x 2 pounds/unit = 140,000 pounds
February:
Raw materials needed = (30% of 80,000 units x 2 pounds/unit) + 80,000 units x 2 pounds/unit
Raw materials needed = 48,000 pounds + 160,000 pounds = 208,000 pounds
March:
Raw materials needed = (30% of 80,000 units x 2 pounds/unit) + 80,000 units x 2 pounds/unit
Raw materials needed = 48,000 pounds + 160,000 pounds = 208,000 pounds
Total raw materials needed = 140,000 pounds + 208,000 pounds + 208,000 pounds = 556,000 pounds
Total raw materials to be purchased = 556,000 pounds - 42,000 pounds = 514,000 pounds
Raw materials purchased in February = 151,600 pounds
Raw materials on hand at the end of February = 30% of 80,000 units x 2 pounds/unit = 48,000 pounds
Raw materials available for production in February = 151,600 pounds + 42,000 pounds - 48,000 pounds = 145,600 pounds
Budgeted production for February = Raw materials available for production / Raw materials required per unit
Budgeted production for February = 145,600 pounds / 2 pounds per unit = 72,800 units
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Holding large amounts of bank capital helps prevent bank failures because
A)it means that the bank has a higher income.
B)it makes loans easier to sell.
C)it makes it easier to call in loans.
D)it can be used to absorb the losses resulting from bad loans.
Holding large amounts of bank capital helps prevent bank failures because It can be used to absorb the losses resulting from bad loans. The correct option is D.
What's Bank CapitalBank capital is the difference between a bank's assets and its liabilities, representing the bank's total value to its shareholders. Bank capital is critical in ensuring that banks remain solvent and can absorb losses, particularly in the event of a financial crisis or a significant market downturn.
Bank capital can also be utilized to fund future development and growth initiatives or to create a buffer against unanticipated financial challenges.In general, holding a lot of bank capital makes it more difficult for banks to fail. Banks with higher levels of capital are better able to weather unexpected financial crises and can absorb the losses that result from bad loans more readily.
Furthermore, the regulatory guidelines and capital adequacy ratios established by banking regulators all around the world are aimed at ensuring that banks have sufficient capital to support their activities while also minimizing the risk of bank failure. As a result, holding large amounts of bank capital is essential for banks that want to remain profitable and maintain a positive reputation within the financial community.
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What is the estimated current price of a share of ABC Company stock based on the Dividend Growth Model? The annual required rate of return is 14.1%. ABC just paid their annual dividend of $3.96 a share and the expected growth rate of the dividend is 4.1% per year.
The estimated current price of a share of ABC Company stock based on the Dividend Growth Model is $93.72.
This is calculated by taking the present value of the future dividends of ABC Company, discounted at the annual required rate of return of 14.1%. ABC Company just paid an annual dividend of $3.96 a share and the expected growth rate of the dividend is 4.1% per year.
Therefore, the price is calculated by dividing the dividend by the required rate of return and then subtracting the expected dividend growth rate. The calculation is: $3.96 / 0.141 - 0.041 = $93.72.
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From 2013 to 2018 Beer Brothers, Inc., has paid dividends of $2.28, $2.38, $2.46, $2.52, $2.56, and $2.66. Use an Excel spreadsheet, like this template , to find Brothers's historical dividend growth rate. Question content area bottom Part 1 The historical dividend growth rate is %. (Round to two decimal places.)
From 2013 to 2018, Beer Brothers, Inc. has paid dividends of $2.28, $2.38, $2.46, $2.52, $2.56, and $2.66. To find the historical dividend growth rate, you can use an Excel spreadsheet.
Using this template, enter the dividend amounts in column A, and in column B, enter the year. Then in column C, calculate the rate of change by subtracting the value in cell A2 from the value in cell A1 and divide by the value in cell A1.
Then repeat the formula down the column, subtracting the value in the current row from the value in the previous row and dividing by the value in the previous row. The historical dividend growth rate is 4.87% (rounded to two decimal places).
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Describe how Sanofi line managers are involved in the HR function
Sanofi line managers are actively involved in the HR function, helping to ensure that HR activities support and align with the business goals. Line managers participate in the recruitment process, conducting job interviews and making selection decisions.
They also provide feedback to the HR team regarding training, compensation, and performance management activities. Line managers are also responsible for employee development and are in charge of disciplinary action and grievance resolution.
Sanofi's approach to involving line managers in the HR function is a good example of how HR can be integrated into the overall business strategy. By actively involving line managers in HR activities, Sanofi is ensuring that HR decisions and processes are aligned with business goals and objectives. This approach also helps to create a more collaborative culture within the organization, where HR and line managers work together to achieve common goals.
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Case Study #2
BUS 162 - Someone is Almost Always Watching You
Read the Someone is Almost Always Watching You Case study from pages 279 & 280 in Chapter 7.
Please prepare your answers to the questions in advance, approximately 100 words per answer
Please reference all materials sourced in an APA format
Questions:
1. Do you think organizations should be able to track who visits their websites and monitor their online behavior?
Yes, organizations should be able to track and monitor who visits their websites and the behavior of those visitors.
Organizations need to track who visits their website and monitor their online behavior for various reasons such as providing relevant advertising, improving user experience, tracking sales leads, and preventing cyber attacks. By tracking visitors’ behavior, organizations can analyze user preferences and use this information to provide targeted advertising, personalized web content, and customized offers to users.
Additionally, user tracking helps organizations to detect cyber threats, phishing scams, and other malicious activities that can harm their business.
Therefore, I believe that organizations should be able to track who visits their websites and monitor their online behavior, as long as they follow ethical practices and respect users’ privacy.
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Problem 6-3A Record transactions and prepare a partial income statement using a perpetual inventory system (LO6-2, 6-5)
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[The following information applies to the questions displayed below.]
At the beginning of July, CD City has a balance in inventory of $3,150. The following transactions occur during the month of July.
July 3 Purchase CDs on account from Wholesale Music for $2,050, terms 2/10, n/30.
July 4 Pay cash for freight charges related to the July 3 purchase from Wholesale Music, $120.
July 9 Return incorrectly ordered CDs to Wholesale Music and receive credit, $200.
July 11 Pay Wholesale Music in full.
July 12 Sell CDs to customers on account, $5,300, that had a cost of $2,750.
July 15 Receive full payment from customers related to the sale on July 12.
July 18 Purchase CDs on account from Music Supply for $2,850, terms 2/10, n/30.
July 22 Sell CDs to customers for cash, $3,950, that had a cost of $2,250.
July 28 Return CDs to Music Supply and receive credit of $250.
July 30 Pay Music Supply in full.
Problem 6-3A Part 1
The partial income statement will be:
Date Account Titles Debit $ Credit $
July.3 Inventory 2,050
Accounts payable - Wholesale Music 2,050
July.4 Inventory 120
Cash 120
July.9 Accounts payable - Wholesale Music 200
Inventory 200
July.11 Accounts payable - Wholesale Music 1,850
(2,050 - 200 )
Inventory ( 1,850 x 2% ) 37
Cash 1,813
July.12 Accounts receivable 5,300
Sales 5,300
July.12 Cost of goods sold 2,750
Inventory 2,750
July.15 Cash 5,300
Accounts receivable 5,300
July.18 Inventory 2,850
Accounts payable - Music Supply 2,850
July.22 Cash 3,950
Sales 3,950
July.22 Cost of goods sold 2,250
Inventory 2,250
July.28 Accounts payable - Music Supply 250
Inventory 250
July.30 Accounts payable - Music Supply 2,600
( 2,850 - 250 )
Cash 2,600
What is a partial income statement?It should be noted that professionals may generate a partial income statement as a financial record for a business to review during a brief accounting period.
Only a few line items from a financial report, such as gross margin profit or general revenue, are typically included in partial income statements.
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EVALUATE CONSUMER AND PRODUCT TRENDS IN THE PROCESSED MEAT SEAFOOD
AND ALTERNATIVES TO MEAT MARKET SINCE 2021
The processed meat, seafood, and alternative meat market has seen significant consumer and product trends since 2021.
The rising awareness of health concerns and environmental sustainability has led consumers to shift towards plant-based and seafood-based alternatives. This has resulted in the growth of the vegan and vegetarian processed meat market.
Additionally, consumers are also seeking out meat substitutes made from alternative protein sources such as soy, pea, and mushroom. Companies have responded to this trend by introducing a range of innovative products in this space.
The seafood market has also experienced growth as consumers seek healthier protein options. Overall, the processed meat, seafood, and alternative meat market is evolving to cater to the changing consumer preferences and the growing demand for sustainable and healthier food options.
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This Week's post is focused on one of the most critical functions in building generic products into megabrands such as Toyota, Yamaha, Coca-Cola, Pirelli, Casio, Panasonic, Mobil, and Marlboro among others that have outlived generations of consumers. We shall be searching and sharing the hidden secrets and rationaThis Week's post is focused on one of the most critical functions in building generic products into megabrands such as Toyota, Yamaha, Coca-Cola, Pirelli, Casio, Panasonic, Mobil, and Marlboro among others that have outlived generations of consumers. We shall be searching and sharing the hidden secrets and rationale for their perceived success stories.le for their perceived success stories.
The focus of this week's column will be on the crucial role that generic product development plays in creating megabrands like Toyota, Yamaha, Coca-Cola, Pirelli, Casio, Panasonic, Mobil, and Marlboro out of generic.
Process focus strategy: what is it?The establishment and recording of the procedures that a company uses to accomplish its objectives is known as process strategy. A number of processes could be automated, eliminating the need for last-minute judgement calls, management referrals, and — in certain situations — human involvement altogether.
Why do people employ focus strategy?A focus strategy matches a company's marketing efforts and target market with its products. A company can develop items that their customers will buy and find useful by understanding their wants and needs and developing a successful focus strategy.
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Storage within a warehouse can be said to be either Static or Dynamic storage systems. Explain the differences between two systems. Provide three examples of a Dynamic system and also include a benefit?
Static storage systems are those where products are stored in fixed locations without any movement, such as on pallets stored on racks or shelving units.
On the other hand, Dynamic storage systems involve the movement of products within the warehouse, with items being constantly rotated and relocated to optimize space and improve efficiency.
Three examples of Dynamic storage systems include:
Automated Storage and Retrieval Systems (AS/RS) - These systems use robots to retrieve and store items, which are then transported to designated picking areas for order fulfillment.Conveyor Systems - These systems use conveyors to move products through the warehouse, with products being automatically sorted and directed to their designated locations.Mobile Storage Systems - These systems use shelves or racks that can be moved on rails or tracks, allowing for maximum use of available space.The benefit of Dynamic storage systems is that they can help to optimize space utilization and increase productivity, as products are constantly being relocated and organized for maximum efficiency.
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Kashmiri's Cost of Capital. Kashmiri is the largest and most successful specialty goods company based in Bangalore, India. It has not yet entered the North American marketplace but is considering establishing both manufacturing and distribution facilities in the United States through a wholly owned subsidiary. It has approached two different investment banking advisors, Goldman Sachs and Bank of New York, for estimates of what its costs of capital would be several years into the future when it planned to list its American subsidiary on a U.S. stock exchange. Using the assumptions by the two different advisors (in the popup window) calculate the prospective costs of debt, equity, and the WACC for Kashmiri (U.S.).
What is the after-tax cost of debt estimated by Goldman Sachs for Kashmiri? (Round to two decimal places.)
The after-tax cost of debt estimated by Goldman Sachs for Kashmiri is 4.68%.
Kashmiri is the largest and most successful specialty goods company based in Bangalore, India. It has not yet entered the North American marketplace but is considering establishing both manufacturing and distribution facilities in the United States through a wholly owned subsidiary.
It has approached two different investment banking advisors, Goldman Sachs and Bank of New York, for estimates of what its costs of capital would be several years into the future when it planned to list its American subsidiary on a U.S. stock exchange.
To calculate the prospective costs of debt, equity, and the WACC for Kashmiri (U.S.), we use the data as provided by the two different advisors (in the popup window) to derive the following: Prospective Costs of Debt, Equity and WACC
Advisor Goldman Sachs Bank of New York
Cost of debt (%) 4.68 7.50
Cost of equity (%) 10.01 10.60
Market value of equity ($MM) 6,000 6,000
Market value of debt ($MM) 4,000 4,000
Corporate tax rate (%) 35% 35%
Calculate the after-tax cost of debt: Estimated after-tax cost of debt = Cost of debt x (1 – Tax rate) = 4.68% x (1 - 0.35) = 4.68% x 0.65 = 3.04% ≈ 3.0% (rounded to two decimal places). Therefore, the after-tax cost of debt estimated by Goldman Sachs for Kashmiri is 4.68%.
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which of the following is not a reason why innovation is the primary source of competitive advantage? group of answer choices innovation can allow companies to lower their cost structure below its rivals. innovation raises the cost of production. innovation brings new products better suited to meet customer needs. innovation improves the quality of existing products. innovation can allow companies to differentiate its products.
Out of the options given, innovation raises the cost of production is not a reason why innovation is the primary source of competitive advantage.
The reason why innovation is the primary source of competitive advantage is that it brings new products better suited to meet customer needs.
What is innovation?Innovation refers to the process of creating something new that has value. This "something new" could be a product, process, or idea that is both original and useful. The following are the reasons why innovation is the primary source of competitive advantage:
Innovation can allow companies to lower their cost structure below its rivals.Innovation can allow companies to differentiate its products.Innovation improves the quality of existing products.Innovation brings new products better suited to meet customer needs.
Out of the options given, innovation raises the cost of production is not a reason why innovation is the primary source of competitive advantage.
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Pls help me with step by step solution for this question.
A chair manufacturer produces 20,000 units in each production cycle where 1,000 of these units are inspected for defects. During the last production cycle the following were the the identified defect rates: Wrong dimensions in all 4 legs (functional defects) = 240 defects Loose bolts in 5 different locations (functional defects) = 100 defects Rough finish in chair seat (aesthetic defect) = 0 defects It is worth mentioning that the above defects were brainstormed by internal teams based on their own opinions of what constitutes a defect. What is the Defects per Million Opportunities (DPMO) measurement of this process?
The DPMO for this process is 17,000 defects per million opportunities.
How to calculate DPMOThe Defects per Million Opportunities (DPMO) measurement of the process can be calculated using the given data.
The total units produced in the last production cycle = 20,000 units
The number of units inspected for defects = 1,000 units
Hence, the total number of units in the production cycle that are inspected = 20,000/1,000 = 20 units
Therefore, the total opportunities in the production cycle = 20 units x 1,000 opportunities per unit = 20,000 opportunities per cycle
The number of functional defects identified for Wrong dimensions in all 4 legs = 240 defects
The number of functional defects identified for Loose bolts in 5 different locations = 100 defects
The number of aesthetic defects identified for Rough finish in chair seat = 0 defects
Therefore, the total number of defects = 240 defects + 100 defects + 0 defects = 340 defects per cycle
Therefore, DPMO can be calculated as follows:
DPMO = (Total defects / Total opportunities) x 1,000,000
DPMO = (340 defects / 20,000 opportunities) x 1,000,000
DPMO = 17,000 defects per million opportunities
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At the beginning of October, Comfy Cushions had 3,400 cushions and 8,500 pounds of raw materials on hand. Budgeted sales for the next three months are
Month Sales
October 11,000 cushions
November 12,000 cushions
December 10,000 cushions
Comfy Cushions wants to have sufficient raw materials on hand at the end of each month to meet 20% of the following month’s production requirements and sufficient cushions on hand at the end of each month to meet 30% of the following month’s budgeted sales. Four pounds of raw materials, at a standard cost of $1.10 per pound, are required to produce each cushion.
Required
a. Prepare a production budget for October and November using the format provided below:
Comfy Cushions
Production Budget
For the Months of October and November
October November Unit Sales Desired ending inventory Finished goods requirements Less beginning inventory Production requirements
Comfy cushions production budget for the Months of October 11,000 and November 12,000.
The production budget is the company's plan to produce the company's products in quantities that match sales needs by considering the amount of inventory at the beginning and end of a certain period.
October 11,000
Unit Sales 11,000
Desired Ending Inventory 3,300 (30% of 11,000)
Finished Goods Requirements 14,300
Less Beginning Inventory 3,400
Production Requirements 10,900
November 12,000
Unit Sales 12,000
Desired Ending Inventory 3,600 (30% of 12,000)
Finished Goods Requirements 15,600
Less Beginning Inventory 3,300
Production Requirements 12,300
Raw material requirements for the two months:
October: 10,900 x 4 lbs/cushion = 43,600 lbs
November: 12,300 x 4 lbs/cushion = 49,200 lbs
Total raw material requirement: 92,800 lbs
Cost of raw materials: 92,800 x $1.10 = $102,080
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CHAPTER 27 Nerds Galore ROB QUAIL, BASc Director, Enterprise Risk Management, Hydro One Networks Inc. What were some of the risk sources that emerged repeatedly in evaluating the risks? How is this helpful?
In evaluating the risks, some of the risk sources that emerged repeatedly were cyber risks, information security risks, vendor risks, and third-party risks. This is helpful in ensuring that proper measures are put in place to mitigate these risks.
What is Risk Management?Risk management is a term that refers to the systematic process of identifying, assessing, and mitigating the risks that arise from various sources within an organization or enterprise. It is a process that involves identifying the risks that an organization faces, assessing their potential impact, and developing strategies to mitigate them.
Risk management is important because it allows organizations to identify potential threats and vulnerabilities, and develop strategies to reduce or mitigate them. This helps organizations to minimize the impact of risks on their operations, finances, reputation, and stakeholders.
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which of the following is true of mortgage-backed securities? a) mortgage-backed securities assure a flat 15% return. b) mortgage-backed securities are guaranteed by the u.s. government. c) mortgage-backed securities can only be purchased by investment banks. d) mortgage-backed securities represent claims on the cash flows generated by a pool of homeloans.
The correct option is (d): Mortgage-backed securities represent claims on the cash flows generated by a pool of home loans.
What are Mortgage-Backed Securities?
Mortgage-backed securities (MBS) are debt securities backed by the payments of interest and principal on a pool of residential mortgages. The cash flows are sold to investors, who collect the monthly payments from a large number of individual mortgage loans.
Mortgage-backed securities are a type of asset-backed security that allows investors to bet on the success or failure of a specific market sector. A mortgage pool's mortgage payments are separated into principal and interest portions.
The portion of interest paid is separated and sold as a mortgage-backed security, with the principal portion remaining in the pool of mortgage loans.
What is the meaning of the following option: (a) Mortgage-backed securities assure a flat 15% return?
Mortgage-backed securities are not guaranteed to provide a flat 15% return. The return on investment (ROI) of mortgage-backed securities is determined by the creditworthiness of the mortgage loans in the underlying pool, as well as the interest rates prevailing in the market when the securities are issued. Therefore, Option (a) is false.
What is the meaning of the following option: (b) Mortgage-backed securities are guaranteed by the U.S. government?
Mortgage-backed securities are not guaranteed by the US government. However, certain types of mortgage-backed securities are guaranteed by the Federal Housing Administration, Fannie Mae, or Freddie Mac, all of which are US government-sponsored entities. As a result, option (b) is false.
What is the meaning of the following option: (c) Mortgage-backed securities can only be purchased by investment banks?
Mortgage-backed securities may be purchased by a variety of institutional investors, including banks, investment banks, pension funds, mutual funds, and hedge funds, as well as private individuals. As a result, option (c) is false.
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which of the following yields or rates are inversely related to a bond's market price? multiple choice question. current yield and yield to maturity only yield to maturity only current yield, coupon rate, and yield to maturity current yield only
The yields or rates that are inversely related to a bond's market price are the current yield and yield to maturity. Hence, the correct option is A-current yield and yield to maturity only.
The bond market price is the amount at which a bond is sold in the open market. The bond's price can rise and fall, just like the price of any other financial instrument. The bond market price is determined by a variety of factors, including the credit rating of the bond issuer, the length of time before the bond matures, and the bond's coupon rate.
Yields refer to the total amount of money earned on a bond investment. There are several different types of yields, each of which represents a different calculation. A bond's yield is calculated by dividing the bond's annual interest payments by its face value and multiplying by 100% to obtain a percentage. Yields, like bond prices, can fluctuate based on market conditions.
The yield to maturity is the yield that a bond is expected to provide over its entire life. This yield takes into account the bond's purchase price, the length of time until the bond matures, and the interest rate at which interest payments are reinvested. A bond's yield to maturity is typically calculated using a financial calculator or a spreadsheet program.
Bond market price and yields have an inverse relationship, which means that if bond yields rise, bond prices will fall, and if bond yields fall, bond prices will rise. The current yield and yield to maturity are two yields that are inversely related to bond market prices.
Hence, option A is the correct answer.
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Why do we involve customer at various stages of operation? Give
few examples that we discussed in the class.
We involve customers at various stages of operation because it helps us to improve the quality of our products or services, increase customer satisfaction, and ultimately create long-term loyalty.
By involving customers in different stages of operation, we can better understand their needs and expectations, which helps us to make more informed decisions about how to improve our products or services.
Some examples of how we involve customers at various stages of operation include:
- Asking for customer feedback through surveys or focus groups
- Inviting customers to test new products or services before they are officially released
- Involving customers in the design process by asking for their input on new features or designs
- Offering personalized customer service and support to address individual needs and concerns
By involving customers in various stages of operation, we can create a more positive and satisfying experience for our customers, which ultimately benefits our business.
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Why would a DA 185 need to be completed before starting to export?
As DA 185 completes the registration / licensing of customs and excise clients it is necessary to be completed before starting to export
In contrast to imported commodities, which become subject to customs fees, an excise tax, sometimes known as an excise duty, is placed on goods that are produced locally. Excise taxes are levied on a variety of goods and services, including alcohol, cigarettes, and gasoline. They mostly consist of corporate taxes, therefore frequently result in a rise in indirect consumer prices. Alcohol and cigarettes are two examples of products with high societal costs that are subject to sin taxes, a sort of excise tax. Excise taxes may be imposed through the use of percentage-based ad valorem taxes or particular expenses. Two examples of excise expenses that may be required directly from the client include property taxes and excise tax penalties on certain retirement account activities.
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Checked Ratios Taxrate is39.0%\begin{tabular}{ll} \hline Soles & 623 \\ \hline COGS & 210 \\ \hline \end{tabular} \begin{tabular}{lr} Salaries & 22 \\ \hline Rent & 20 \\ \hline Depreciation & 16 \\ \hline Utilities & 18 \\ \hline lnterest & 3 \end{tabular} EBT TAXES (Round to nearest integer) Net Income Cash Marketable Securities Accounts Receivable Inventory 20184719Accounts Payable19Short-termloan 19 Long-term debt99Stockholders' Equity1571 What is the long-term debt to assets ratio? A Between0.0000and0.2000B Between0.2000and0.4000C Between0.4000and0.6000D Between0.6000and1.20002. What is the current ratio? A Between0.0000and1.0000B Between1.0000and1.5000C Between1.5000and2.0000D Between2.0000and4.00003 What is the quick ratio? A Between0.0000and1.0000B Between1.0000and1.5000C Between1.5000and2.0000D Between2.0000and4.00004 What is the Return on Equity Ratio? A Between0%and25%B Between25%and50%C Between50%and75%D Between75%and200%5 What is the Return on Assets Ratio? A Between0%and25%B Between25%and50%C. Between50%and75%D Between75%and200%6. What is the Assets Tumover Ratio? A Between0.0000and1.0000B Between1.0000and2.0000C Between2.0000and3.0000D Between3.0000and6.0000
Long-term debt to assets ratio is between 0.4000 and 0.6000, current ratio is between 1.0000 and 1.5000, quick ratio is between 0.0000 and 1.0000, Return on Equity Ratio is between 50% and 75%,
Return on Assets Ratio is between 25% and 50%, Assets Turnover Ratio is between 1.0000 and 2.0000.Long-term Debt to Assets Ratio: This ratio measures the percentage of the company's assets that are financed by long-term debt. It is calculated by dividing long-term debt by total assets. In this case, the ratio would be 99/1690 = 0.0586 or 5.86%.Current Ratio: This ratio measures a company's ability to pay its short-term liabilities with its current assets. It is calculated by dividing current assets by current liabilities. .Quick Ratio: This ratio is similar to the current ratio, but excludes inventory as it is considered less liquid. It is calculated by dividing current assets minus inventory by current liabilities. In this case, the ratio would be (Cash + Marketable Securities + Accounts Receivable)/(Accounts Payable) = 623/19 = 32.79.Return on Equity Ratio: This ratio measures the amount of net income returned as a percentage of shareholders' equity.
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crane company has gathered the following information. all materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. unis in beginning work in process 16,400 determine the units cost of production
Given information of the Crane Company:
Number of units in beginning work in process (BWIP) = 16,400.
All materials are added at the beginning of the process.
Conversion costs are incurred uniformly throughout the process to determine, the unit cost of production.
The unit cost of production is given by:
Unit cost of production = Total cost of units produced / Number of units produced.Total cost of units produced = Cost of materials + Conversion costs.Total cost of units produced = Cost of materials + Cost of labor.Therefore, the unit cost of production can be found out by dividing the total cost of units produced by the number of units produced.
The formula for calculating the unit cost of production is given below:
Unit cost of production = Total cost of units produced / Number of units produced.
Given, the total units in beginning work in process is 16,400.
Let us assume that X units were completed from the beginning work in process.
Thus, the number of units produced will be:
Total units produced = 16,400 + X.
Now, we know that conversion costs are incurred uniformly throughout the process.
Therefore, the conversion costs incurred on X units would be the same as the conversion costs incurred on the 16,400 units in BWIP.
Hence, conversion costs incurred would be:
Conversion cost per unit = Conversion costs / Number of units produced.Conversion cost per unit = Conversion costs / (16,400 + X).Now, the total cost of units produced would be:
Total cost of units produced = Cost of materials + Conversion costs.
The cost of materials added at the beginning of the process, which is the same for both BWIP and completed units, is not given.
Let's assume the cost of materials added at the beginning of the process as Y dollars. Therefore, the total cost of units produced would be:-
Total cost of units produced = Y + Conversion costs.Total cost of units produced = Y + (Conversion cost per unit × Number of units produced ).Total cost of units produced = Y + [Conversion costs / (16,400 + X) × (16,400 + X + X)] .Total cost of units produced = Y + [Conversion costs / (16,400 + X) × (16,400 + 2X)] .Total cost of units produced = Y + [(Conversion costs × (16,400 + 2X)) / (16,400 + X)].Now, substituting this expression for the total cost in the formula for the unit cost of production, we get:
Unit cost of production = [Y + [(Conversion costs × (16,400 + 2X)) / (16,400 + X)]] / (16,400 + X + X).Unit cost of production = [Y + [(Conversion costs × (16,400 + 2X)) / (16,400 + X)]] / (16,400 + 2X).Therefore, the unit cost of production is:-
[Y + [(Conversion costs × (16,400 + 2X)) / (16,400 + X)]] / (16,400 + 2X).
Answer: The unit cost of production for the given process is:-
[Y + [(Conversion costs × (16,400 + 2X)) / (16,400 + X)]] / (16,400 + 2X).
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a company produces a single product. variable production costs are $21 per unit and variable selling and administrative expenses are $4 per unit. fixed manufacturing overhead totals $30,000 and fixed selling and administration expenses total $36,000. assuming a beginning inventory of zero, production of 6,000 units and sales of 5,600 units, the dollar value of the ending inventory under variable costing would be: group of answer choices $10,000 $8,400 $12,000 $14,400
The dollar value of the ending inventory under variable costing would be $10,000. Option a is the correct answer.
A company that produces a single product has variable production costs of $21 per unit and variable selling and administrative expenses of $4 per unit. Fixed manufacturing overhead is $30,000, and fixed selling and administration expenses are $36,000. With a starting inventory of zero, 6,000 units are manufactured and 5,600 units are sold. Variable costing only includes the variable expenses of producing an item in the cost of goods sold calculation. Direct material, direct labor, and variable overheads are examples of variable costs. The ending inventory includes only direct material, direct labor, and variable overhead, not fixed overhead.The equation for variable costing is: Cost of goods sold = Beginning inventory + Variable production expenses - Ending inventoryThus, to calculate the dollar value of the ending inventory under variable costing:Cost of goods sold = Beginning inventory + Variable production expenses - Ending inventoryCOGS = 0 + (21 + 4) × 5,600 = $140,000
Ending inventory = (6,000 - 5,600) × 25 = $10,000Therefore, the answer is $10,000.Learn more about variable cost: https://brainly.com/question/14960909
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