The Barbie doll is a good example of product lifecycle management.
The term refers to the stages that a product goes through during its lifespan, including introduction, growth, maturity, and decline.
Barbie has been on the market for over 60 years and has gone through multiple changes and adaptations to remain relevant to consumers. Mattel, the company that produces Barbie, has managed to keep the product fresh and exciting through constant innovation, such as introducing new accessories, outfits, and even career choices for Barbie.
This strategy has enabled Barbie to maintain its popularity and extend its lifecycle beyond what was originally anticipated.
Overall, the success of the Barbie doll demonstrates the importance of effective product lifecycle management in maintaining a product's relevance and profitability over time.
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Based on the following information, calculate the manufacturing overhead applied to job 101.Estimated manufacturing overhead cost$300,000Estimated direct labor cost$150,000Actual direct labor cost for job 101$80,000$160,000
Based on the following information:
- Estimated manufacturing overhead cost: $300,000
- Estimated direct labor cost: $150,000
- Actual direct labor cost for job 101: $80,000
To calculate the manufacturing overhead applied to job 101, follow these steps:
1. Calculate the predetermined overhead rate: Divide the estimated manufacturing overhead cost by the estimated direct labor cost.
Predetermined overhead rate = ($300,000) / ($150,000) = 2
2. Apply the predetermined overhead rate to the actual direct labor cost for job 101.
Manufacturing overhead applied to job 101 = Predetermined overhead rate x Actual direct labor cost for job 101
Manufacturing overhead applied to job 101 = 2 x $80,000 = $160,000
So, the manufacturing overhead applied to job 101 is $160,000.
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The manufacturing overhead applied to job 101 is $160,000.
To calculate the manufacturing overhead applied to job 101, we need to use the predetermined overhead rate formula, which is:
Predetermined overhead rate = Estimated manufacturing overhead cost / Estimated direct labor cost
Predetermined overhead rate = $300,000 / $150,000 = 2
This means that for every $1 of direct labor cost, $2 of manufacturing overhead cost is applied.
To calculate the manufacturing overhead applied to job 101, we need to multiply the actual direct labor cost for job 101 by the predetermined overhead rate:
Manufacturing overhead applied to job 101 = Actual direct labor cost for job 101 x Predetermined overhead rate
Manufacturing overhead applied to job 101 = $80,000 x 2
Manufacturing overhead applied to job 101 = $160,000
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The mathematical calculation of the point of equality between systems under analysis is used for short-run/static analysis.
a. true
b. false
False.
The mathematical calculation of the point of equality between systems under analysis is used for both short-run/static analysis and long-run/dynamic analysis. The point of equality, also known as the break-even point, represents the level of output or sales at which total revenue equals total cost. This is an important concept in both short-run and long-run decision making, as it helps managers determine the minimum level of output or sales required to cover all costs and avoid losses. Therefore, it is incorrect to say that this calculation is only used for short-run/static analysis.
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The statement is true. The point of equality between systems under analysis is typically used for long-run or equilibrium analysis, not short-run/static analysis.
The point of equality, also known as the break-even point, is a mathematical calculation used to determine the level of output or sales where a business is neither making a profit nor incurring a loss. This analysis is useful for short-run or static analysis as it assumes that the business operates under constant conditions, without considering changes in factors such as prices, technology, or competition. Therefore, the statement that the mathematical calculation of the point of equality is used for short-run/static analysis is correct.
In the long-run, the systems reach a state of equilibrium where their rates of change and variables align, whereas short-run analysis focuses on immediate changes and fluctuations.
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you are evaluating a project for the ultimate recreational tennis racket, guaranteed to correct that wimpy backhand. you estimate the sales price of the ultimate to be $300 per unit and sales volume to be 1,000 units in year 1; 1,250 units in year 2; and 1,325 units in year 3. the project has a three-year life. variable costs amount to $200 per unit and fixed costs are $50,000 per year. the project requires an initial investment of $150,000 in assets which will be depreciated straight-line to zero over the three-year project life. the actual market value of these assets at the end of year 3 is expected to be $25,000. nwc requirements at the beginning of each year will be approximately 10 percent of the projected sales during the coming year. the tax rate is 21 percent and the required return on the project is 10 percent. what will the free cash flow for this project be in year 3?
The free cash flow for this project be in year 3 is $47,465.07.
To calculate the free cash flow in year 3, we need to determine the operating cash flow, change in net working capital (NWC), and capital spending.
1. Operating cash flow (OCF) in year 3:
Revenue: 1,325 units * $300 = $397,500
Variable costs: 1,325 units * $200 = $265,000
Fixed costs: $50,000
Depreciation: ($150,000 - $25,000) / 3 years = $41,667
Operating income (EBIT) = Revenue - Variable costs - Fixed costs - Depreciation
OCF = ($397,500 - $265,000 - $50,000 - $41,667) * (1 - 0.21 tax rate)
OCF = $41,833 * 0.79 = $33,048.07
2. Change in NWC:
Year 2 NWC: 1,250 units * $300 * 10% = $37,500
Year 3 NWC: 1,325 units * $300 * 10% = $39,750
Change in NWC = $39,750 - $37,500 = $2,250
3. Capital spending:
Year 3 capital spending = $25,000 (market value) - $41,667 (depreciation) = -$16,667
Free Cash Flow (FCF) in year 3 = OCF - Change in NWC - Capital spending
FCF = $33,048.07 - $2,250 - (-$16,667)
FCF = $47,465.07
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In which of the following independent situations would the transaction most likely be characterized as a disguised sale?
Group of answer choices
Partner A contributes appreciated property to a Partnership, and three years later Partnership distributes $100,000 proportionately to all the partners.
B contributes property with a basis of $40,000 and a fair market value of $100,000 to Partnership in exchange for a 20% interest therein. The partnership agrees to distribute $40,000 to B in fifteen months, if partnership cash flows from operations exceed $200,000 at that time. The partnership does not expect to produce operating cash flows of over $100,000 for at least five years
C contributes appreciated property to Partnership. Thirty months later, he receives a distribution from the partnership of $30,000 cash. None of the other partners received a distribution. There was no agreement that Partnership would make the distribution, and C would have made the contribution whether or not the partnership made the distribution.
None of the above transactions will be treated as a disguised sale.
The transaction that is most likely to be characterized as a disguised sale is (B) where Partner B contributes property with a basis of $40,000 and a fair market value of $100,000 to Partnership in exchange for a 20% interest therein. The right answer is B).
The partnership agrees to distribute $40,000 to B in fifteen months if partnership cash flows from operations exceed $200,000 at that time. The partnership does not expect to produce operating cash flows of over $100,000 for at least five years.
In this transaction, Partner B is contributing property to the partnership and receiving a promise of a future cash distribution that is contingent upon the partnership's future operating cash flows. This promise of a future cash distribution creates a relationship between the contribution and the distribution that could be viewed as a sale rather than a contribution to capital.
Disguised sales occur when a partner contributes property to a partnership and, shortly thereafter, the partnership distributes cash or other property to the partner in a transaction that is economically equivalent to a sale.
The key factor is whether the transfer of property is made in anticipation of, or within two years of, a related distribution of cash or other property. If the transfer is made in anticipation of the distribution, the transaction may be characterized as a disguised sale.
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hat are enlarging their natural domains, they have established themselves as supreme adapters in an era when the capability to adjust to the environmen
It is mentioned that these entities are enlarging their natural domains and have established themselves as supreme adapters in an era where adjusting to the environment is crucial.
This suggests that these entities possess the ability to adapt and thrive in various conditions, which is a significant advantage in today's constantly changing world.
This adaptability may be due to various factors such as genetic mutations or behavioral changes. Regardless of the reason, the ability to adapt allows these entities to survive and even thrive in conditions that may be unfavorable for other organisms. This adaptability also highlights the importance of being able to adjust to changing environments in order to survive and succeed in the long term.
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It takes four consecutive quarters of decline in the GDP for economists to consider the economy to be
True
False
True. When the GDP (Gross Domestic Product) of a country experiences a decline for four consecutive quarters, economists consider it to be in a recession.
This is because GDP is a measure of the total value of goods and services produced in a country, and a decline in GDP indicates that the economy is producing less than it did in the previous quarters.
However, it is important to note that a decline in GDP for one or two quarters does not necessarily indicate a recession. Sometimes, these declines are just part of the normal economic cycle and can be followed by periods of growth. So, four consecutive quarters of decline in the GDP is the standard used by economists to determine if the economy is truly in a recession.
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The use of three probabilistic activity time estimates may reduce the need for:
a. probability reports to management.
b. additional computations.
c. crashing the project.
d. managing tradeoffs & addressing risks.
The use of three probabilistic activity time estimates may reduce the need for crashing the project. option c is correct.
Crashing a project refers to the process of shortening the project duration by increasing the amount of resources allocated to certain activities. This is typically done in response to a deadline that cannot be extended or a need to complete the project sooner. However, crashing a project can be expensive, as it often requires additional resources such as labor, equipment, or materials.
By using three probabilistic activity time estimates, which include the most likely, pessimistic, and optimistic time estimates for each activity, project managers can better estimate the amount of time required to complete each activity and the overall duration of the project. This can help them identify potential bottlenecks and areas where additional resources may be needed, which can reduce the need for crashing the project.
Additionally, by using probabilistic estimates, project managers can better manage tradeoffs and address risks. They can identify activities that are more likely to cause delays or problems and allocate resources accordingly. This can help them make more informed decisions about how to balance competing demands and priorities, which can ultimately improve project outcomes.
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10 They hired ..... to attract some executive from a rival company
While hiring executives from rival companies can be a successful strategy for gaining a competitive edge, it should be approached carefully and with consideration for potential legal and ethical implications.
It is not uncommon for companies to hire individuals from rival companies in order to gain a competitive edge. In this case, the company in question has hired someone specifically to attract executive talent from a rival company.
This strategy is often used by companies that are looking to grow quickly or expand into new markets. By bringing in executives with knowledge and experience from rival companies, they hope to gain an advantage in the marketplace.
However, there are potential downsides to this approach. Hiring individuals from rival companies can sometimes lead to legal issues if the hiring company is accused of stealing trade secrets or confidential information. Additionally, it can create a negative perception among the public and other companies in the industry, who may view the hiring company as unscrupulous or unethical.
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matt's widget co. is suing elon mining co. today, the jury announced the outcome of the trial. there was also important news about the economy: we learned the gdp growth rate was 2.9%, instead of the expected 2.0%. you know that matt's widget co. has a capm beta of 1.1, the market return today was 3.9%, and the daily risk-free rate is 0.5%. there was no other news today and matt's widget co. had a stock return of 2% today. by how much did the jury announcement change matt's stock return today? hint: this question asks you to use an event study. calculate the expected return today (assuming no firm-specific news) using the capm. then compare the actual return to the capm expected return: the difference is due to the lawsuit announcement. enter your answer in % form without the % symbol (i.e., if your answer is 3.5%, type 3.5).
The jury announcement changed Matt's stock return today by -2.24%.
How to find the expected returnTo calculate the expected return for Matt's Widget Co. using the CAPM formula, we can use the following equation:
Expected Return = Risk-free Rate + Beta * (Market Return - Risk-free Rate)
Plugging in the values given:
Expected Return = 0.5% + 1.1 * (3.9% - 0.5%)
Expected Return = 0.5% + 1.1 * 3.4%
Expected Return = 0.5% + 3.74%
Expected Return = 4.24%
Now, we know that the actual stock return was 2%.
To find the impact of the jury announcement, we can compare the actual return to the expected return:
Impact of Jury Announcement = Actual Return - Expected Return
Impact of Jury Announcement = 2% - 4.24%
Impact of Jury Announcement = -2.24%
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a recent report found that christmas trees have doubled in price over the last three years. the price surge is partly due to a glut of trees 10 years prior. during the great recession of 2008 many consumers reduced their purchases, leading to a surplus of trees and lower prices. explain how a glut in trees 10 years prior could lead to higher prices today. focus on how farms changed operations in response to the price decrease.
The oversupply of Christmas trees during the Great Recession of 2008 may have led to a decrease in supply in subsequent years.
A glut of Christmas trees refers to an oversupply of trees in the market, which drives down prices due to increased competition among suppliers. In response to this oversupply, farms may reduce their production or switch to other crops, leading to a decrease in the supply of Christmas trees.
In the case of the Great Recession of 2008, many consumers reduced their purchases of Christmas trees, leading to a surplus of trees. In response, some farms may have shifted away from producing Christmas trees or reduced their production, which could have resulted in a decrease in the number of trees available in the market in subsequent years.
This reduction in supply could have led to higher prices as demand for Christmas trees increased over time. Additionally, farms may have taken steps to increase the quality of their trees or differentiate their products from others to attract customers and command higher prices.
Moreover, the cost of producing Christmas trees may have increased due to factors such as inflation, labor costs, and supply chain disruptions, which could have contributed to the increase in prices.
Overall, the oversupply of Christmas trees during the Great Recession of 2008 may have led to a decrease in supply in subsequent years, coupled with other factors such as increased production costs, resulting in the doubling of Christmas tree prices over the past three years.
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MANAGERIAL ACCOUNTING:
3. AUS, Inc. has developed the following production budget for one of its products for the second quarter of the year:
Month Production (Units)
April 18,200
May 15,200
June 12,500
Each unit takes 4 kilograms of material (X), which costs $3 per kilogram. AUS, Inc. has 1,600 kilograms of material on hand March 30th and wants an ending inventory of material (X) at 5 percent of the next months. Production in July is expected to be 12,000 units.
How much material (X) needs to be purchased in May and at what cost?
The total material (X) needed to be purchased for May is 111,700 kilograms. The cost of material (X) is $3 per kilogram, and the cost of purchasing 111,700 kilograms of material (X) in May would be $335,100
To calculate the amount of material (X) that needs to be purchased in May, we first need to determine the total amount of material needed for production in May.
15,200 units will be produced in May, and each unit requires 4 kilograms of material (X), so the total amount of material needed for May production is:
15,200 units x 4 kilograms/unit = 60,800 kilograms
AUS, Inc. wants to maintain an ending inventory of material (X) at 5% of the next month's production, which means they want to have:
12,500 units x 4 kilograms/unit x 0.05 = 2,500 kilograms
of material (X) in inventory at the end of June.
So the total amount of material (X) needed for May and June production, as well as the desired ending inventory for June, is:
May material needed: 60,800 kilograms
June material needed: 12,500 units x 4 kilograms/unit = 50,000 kilograms
June ending inventory: 2,500 kilograms
Total: 113,300 kilograms
AUS, Inc. has 1,600 kilograms of material on hand as of March 30th, so they need to purchase:
113,300 kilograms - 1,600 kilograms = 111,700 kilograms
of material (X) in May.
Since the cost of material (X) is $3 per kilogram, the cost of purchasing 111,700 kilograms of material (X) in May would be:
111,700 kilograms x $3/kilogram = $335,100
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150. To be ready for career opportunities, successful people develop career plans and then take action to achieve those plans. True False
True. To be ready for career opportunities, successful people often develop career plans and then take action to achieve those plans. Career planning involves setting specific goals, identifying the necessary skills and knowledge.
A career plan is a set of goals and actions that an individual develops to guide their career path. It includes a self-assessment of skills, interests, and values, as well as research on career options and job market trends. Once a career plan is in place, individuals can take specific steps to achieve their goals, such as pursuing education or training, seeking mentorship or networking opportunities, and seeking out relevant work experiences. By being proactive and taking deliberate steps towards their career goals, successful people can position themselves for career opportunities and advancement.
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jeffrey has won a lottery and has elected to take a $10,000 per month payment. at the beginning of the year, jeffrey deposits the first payment of $10,000 in an account that pays 7.6% interest annually, compounded continuously. at the very beginning of each month, he deposits another $10,000. how much will he have at the very end of the year?
Jeffrey will have the amount of money =$134,925 at the very end of the year.
How to determine the amount of money at the end of the yearUsing the formula for continuously compounded interest, we can calculate the amount that Jeffrey will have at the end of the year.
We first need to calculate the interest rate per month, which is 7.6% / 12 = 0.6333% per month.
Next, we can use the formula A = Pe⁽t⁾
[tex]A = Pe {}^{rt} [/tex]
to calculate the amount, where A is the final amount, P is the principal, e is the constant 2.71828, r is the interest rate per period, and t is the number of periods.
For Jeffrey, P = $10,000 and r = 0.006333.
The number of periods is 12, since he is depositing money every month for a year.
A = $10,000 x e⁽⁰·⁰⁰⁶³³³ˣ¹²⁾ˣ¹² = $134,925.
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posttesting of promotions______ . multiple choice question. allows for changes to be implemented for future use examines how effective promotions are compared to those of close competitors evaluates the impact and contribution of each toward achieving objectives prepares them for permanent storage in the company's database
The correct answer is: allows for changes to be implemented for future use.
Posttesting of promotions refers to the evaluation of promotional activities after they have been implemented in order to determine their effectiveness and to identify areas for improvement.
Posttesting allows marketers to adjust their promotional strategies and tactics based on actual results, which can help to improve future promotional campaigns.
During posttesting, marketers may examine how effective promotions are compared to those of close competitors and evaluate the impact and contribution of each toward achieving objectives.
However, the primary purpose of posttesting is to identify areas for improvement and to make changes that can be implemented in future promotional activities.
The final option, "prepares them for permanent storage in the company's database," is not necessarily a key objective of posttesting.
While the results of posttesting may be stored in the company's database for future reference, this is not the primary goal of the posttesting process.
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The benefits associated with strategic alliances is that they provide broad access to:
Strategic alliances provide broad access to a range of benefits, including resources, knowledge, skills, technologies, and markets.
By forming strategic alliances with other companies, firms can leverage each other's resources, capabilities, and strengths to achieve their goals. For example, a strategic alliance with a company that has expertise in a particular market can help a firm enter that market more easily and quickly than if it were to go it alone. Similarly, an alliance with a company that has expertise in a particular technology or process can help a firm improve its operations and increase efficiency. Strategic alliances can also help companies reduce costs, share risks, and gain competitive advantage.
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savings mart is a national retail chain. to entice the company to open a mega store in its jurisdiction, the city of populationville donated a 20-acre tract of land to be used for construction. the land was originally purchased by the city for $250,000 three years ago. the appraisal value at the time of the donation was $300,000. for what amount should savings mart record the donated land? multiple choice $250,000 $300,000 $0; donated assets are not recorded. $275,000
The correct answer is $300,000. When a company receives a donated asset, it should be recorded at its fair market value, which in this case is the appraisal value of $300,000.
According to Generally Accepted Accounting Principles (GAAP), donated assets should be recorded at their fair value at the time of the donation. In this case, the fair value of the land at the time of the donation was appraised to be $300,000. Therefore, Savings Mart should record the donated land at $300,000, which represents the current value of the asset.The fact that the land was originally purchased by the city for $250,000 three years ago is not relevant to the recording of the donated land by Savings Mart.
The purpose of recording donated assets at fair value is to ensure that the company's financial statements reflect the true economic value of its assets. In this case, the true economic value of the land is $300,000 at the time of the donation, which is the amount that Savings Mart should record the land.
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there are many reasons a company may diversify its business. with respect to that, consider the two following statements below and then choose the best answer. -- statement a: value creating diversification includes economies of scope and market power. -- statement b: employment risk is an example of an organizational incentive to diversify.
The best answer would be: Statement A is true, while Statement B is false.
Explanation:
Statement A is true because diversification can create value for a company through economies of scope and market power. Economies of scope arise when a company can share resources or capabilities across multiple businesses, resulting in cost savings and increased efficiency. Market power refers to a company's ability to influence prices or competition in a particular market, which can be achieved through diversification.
Statement B is false because employment risk is not an organizational incentive to diversify. Employment risk refers to the risk that employees may lose their jobs as a result of a company's diversification strategy. While this is a potential downside of diversification, it is not an incentive for a company to pursue diversification in the first place.
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Fairmount Food Group purchased Swissrose International Inc., market of several brands of specialty and food service cheese from ConAgra. The _____ will make Fairmount the largest U.S. importer and marketer of specialty and deli-style cheese.
a. joint venture
b. merger
c. voluntary union
d. acquisition
The correct answer to the question is d. acquisition. Fairmount Food Group has acquired Swissrose International Inc. from ConAgra, which will make them the largest U.S. importer and marketer of specialty and deli-style cheese.
This acquisition is a strategic move for Fairmount as it will enable them to expand their product line and reach a wider customer base. Swissrose is a well-known brand in the market of specialty and food service cheese, and this acquisition will provide Fairmount with access to their existing customer base, thereby increasing their market share. This move also reflects the growing demand for specialty cheeses in the U.S. market, and Fairmount is well-positioned to capitalize on this trend. With this acquisition, Fairmount can now offer a wider variety of high-quality specialty and deli-style cheese to its customers, which will help to drive growth and profitability for the company in the long run.
Overall, this acquisition is a significant step forward for Fairmount Food Group, and it will help to solidify their position as a leading player in the specialty and deli-style cheese market.
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A $30,000.00 invoice indicating a string discount of 30, 20, and 5 would, assuming all discounts are taken, give the producer a net selling price of Select one: a. $21,000.00 b. $16,800.00 c. $15,960.00. d. $13,500.00
The invoice indicates a string discount of 30, 20, and 5. This means that the discounts will be applied in a specific order, one after the other. To calculate the net selling price of the invoice, we need to apply the discounts in the order they are given. This is important because applying the discounts in a different order could result in a different net selling price.
The first discount is 30%, which means that the producer will pay only 70% of the original price. This is equivalent to a 30% reduction in the price. To calculate the discounted price, we multiply the original price by 70%:
Discounted price = Original price x (100% - Discount %)
Discounted price = $30,000.00 x (100% - 30%)
Discounted price = $30,000.00 x 70%
Discounted price = $21,000.00
The second discount is 20%, which means that the producer will pay only 80% of the discounted price. This is equivalent to a 20% reduction in the price. To calculate the new discounted price, we multiply the discounted price by 80%:
New discounted price = Discounted price x (100% - Discount %)
New discounted price = $21,000.00 x (100% - 20%)
New discounted price = $21,000.00 x 80%
New discounted price = $16,800.00
The third and final discount is 5%, which means that the producer will pay only 95% of the new discounted price. This is equivalent to a 5% reduction in the price. To calculate the net selling price, we multiply the new discounted price by 95%:
Net selling price = New discounted price x (100% - Discount %)
Net selling price = $16,800.00 x (100% - 5%)
Net selling price = $16,800.00 x 95%
Net selling price = $15,960.00
Therefore, the correct answer is c. $15,960.00.
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Which of the following types of variables sampling plans have a tendency to select higher-dollar items for examination?
a. different estimation
b. mean-per-unit estimation
c. monetary unit sampling
d. ratio estimation
Ratio estimation sampling plans have a tendency to select higher-dollar items for examination. This is because ratio estimation involves selecting items based on their relative size or value compared to other items in the population.
The higher the dollar value of an item, the more likely it is to be selected for examination under a ratio estimation sampling plan. This approach is useful when the items in the population vary significantly in value or when there is a concern that a small number of high-value items could skew the results of the sampling plan.
By selecting items based on their relative value, ratio estimation can help ensure that the sample accurately reflects the overall characteristics of the population being studied.
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The general ledger of the Fly-Buy-Nite (FBN) Engineering Company contained the following account balances. Construct an income statement. What is the net income before taxes and the net profit (or loss) after taxes? FBN has a tax rate of 35%.amount ($1000s)Administrative expenses $2,750Subcontracted services 15,000Development expenses 900Interest expense 200Sales revenue 32,000Selling expenses 4,500
The general ledger of the Fly-Buy-Nite (FBN) Engineering Company contained the following account balances. FBN Engineering Company's net income before taxes is $8,650 and the net profit after taxes is $5,622.50.
Income Statement:
1. Sales revenue: $32,000
2. Cost of goods sold (Subcontracted services): -$15,000
3. Gross profit: $17,000 (Sales revenue - Cost of goods sold)
Expenses:
4. Administrative expenses: -$2,750
5. Development expenses: -$900
6. Selling expenses: -$4,500
7. Interest expense: -$200
Total expenses: -$8,350 (Sum of all expenses)
8. Net income before taxes: $8,650 (Gross profit - Total expenses)
9. Taxes (35%): -$3,027.50 (Net income before taxes * 0.35)
10. Net profit (or loss) after taxes: $5,622.50 (Net income before taxes - Taxes)
In summary, FBN Engineering Company's net income before taxes is $8,650 and the net profit after taxes is $5,622.50.
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In which of the two city states could women own property and why was this a good idea?
Women were allowed to own property in Sparta, one of the two major city-states in ancient Greece. This was a unique aspect of Spartan society that set it apart from most other Greek city-states at the time.
In Sparta, women were expected to be physically strong and healthy in order to bear healthy children who would grow up to be strong warriors for the city-state. This required them to engage in athletic activities and to participate in public life to a greater extent than women in other Greek city-states.
The ability to own property was one aspect of this broader cultural emphasis on female strength and independence.
Allowing women to own property in Sparta was a good idea for several reasons. Firstly, it helped to support the Spartan military system by enabling women to contribute to the economy and to provide for their families in the absence of their husbands, who were often away on military campaigns.
Secondly, it gave women greater social and economic autonomy, which was seen as desirable in Spartan society. Finally, it helped to promote gender equality and challenged traditional patriarchal structures that were prevalent in most other Greek city-states.
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product costs under absorption costing include blank . multiple select question. fixed manufacturing overhead direct labor direct materials variable selling and administrative variable manufacturing overhead
Product costs under absorption costing include fixed manufacturing overhead, direct labor, and direct materials. Variable selling and administrative and variable manufacturing overhead are not included in product costs under absorption costing.
Absorption costing is a method of accounting that assigns all of the manufacturing costs to the product, including both fixed and variable manufacturing overhead.
The fixed manufacturing overhead costs are allocated to the product based on the number of units produced, while the variable manufacturing overhead costs are assigned to the product based on the actual usage of the overhead.
Direct labor and direct materials are the two main components of product costs. Direct labor refers to the wages and benefits paid to the workers who are directly involved in the production process, while direct materials refer to the raw materials and components used to produce the product.
Fixed manufacturing overhead costs, on the other hand, are the costs that do not vary with the level of production. These costs include rent, property taxes, insurance, and salaries of management and administrative staff.
Therefore, the correct options for the question are fixed manufacturing overhead, direct labor, and direct materials. Variable selling and administrative and variable manufacturing overhead are not included in product costs under absorption costing.
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Which of the following is the reason why middle managers often feel torn between the changes urged by the top management A Middle managers provide customers the personal details about their frontline employees B. Middle managers are the linkage between top executives and frontline employees C. Middle managers are seldom empowered with decision-making authority by the top management of organizations D. Middle managers are involved in designing the daily tasks and schedules for both the top management and frontline en E. Middle managers avoid working in a partnership with the top management and frontline employees
The reason why middle managers often feel torn between the changes urged by top management is that they are the linkage between top executives and frontline employees. The correct option is B.
Middle managers are responsible for implementing the decisions made by top executives and communicating those decisions to the frontline employees. They act as a bridge between the two groups and are often caught in the middle of conflicting demands and expectations. Top executives may push for changes that are not practical or feasible at the frontline level, while frontline employees may resist changes that they perceive as being imposed from above without consideration for their input or concerns.
However, they are seldom empowered with decision-making authority by the top management of organizations, which can lead to conflicts and difficulties in managing the changes. Therefore, middle managers need to balance the needs and expectations of both top management and frontline employees in order to successfully implement the changes.
The correct option is B.
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Reference price is an important concept in pricing strategy. ______________ is what everyone else is paying for the product and _______________ is what you think you should pay, given your past experience and the buying situation.
Reference price is an important concept in pricing strategy. pricing strategy is what everyone else is paying for the product and product's price is what you think you should pay, given your past experience and the buying situation.
Reference price is a crucial aspect of pricing strategy. It is the price that consumers use as a benchmark for evaluating the fairness of a product's price. It is what everyone else is paying for the product and what they expect to pay. This can be influenced by various factors such as advertisements, promotions, and competitor pricing. It is also affected by the perceived value of the product in the market. Reference price plays a significant role in consumer behavior, as it can affect their willingness to buy a product.
On the other hand, the perceived price is the amount a customer thinks they should pay, given their past experiences and the buying situation. This is subjective and can be influenced by various factors such as income level, brand loyalty, and the quality of the product.
Perceived price can also be affected by other reference prices, such as the price of similar products or the cost of production. It is essential to consider the perceived price when setting prices for products. If the perceived price is too high, consumers may not be willing to buy the product.
In conclusion, reference price and perceived price are essential concepts in pricing strategy. Reference price influences consumers' expectations, and perceived price determines their willingness to pay for the product. Understanding these concepts can help businesses set competitive prices, attract customers, and increase sales. It is vital to consider both when developing pricing strategies.
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Which one of the following is not a classification of an individual's racial category according to the United States Bureau of Census?
A) Caucasian or Other Pacific Islander
B) Asian
C) Some Other Race
D) Native Hawaiian or Other Pacific Islander
E) Two or More Races
Caucasian or Other Pacific Islander is not a classification of an individual's racial category according to the United States Bureau of Census.
The current racial and ethnic categories used by the United States Census Bureau include:
- White
- Black or African American
- American Indian or Alaska Native
- Asian
- Native Hawaiian or Other Pacific Islander
- Some Other Race
- Two or More Races
The categories are based on self-identification and do not denote any biological or genetic differences between groups. Some people may identify with more than one racial category, which is why "Two or More Races" is included as a category. "Some Other Race" is used as a category for people who do not identify with any of the other categories listed. The Census Bureau periodically reviews and updates its racial and ethnic categories to ensure that they accurately reflect the diversity of the population.
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Questions 1 & 2 ask for cash flows only, no present values. Although they are a critical part of the problem, since the problem is primarily about capital budgeting, they are not worth any points, and you have unlimited tries. If your submissions are accepted as correct, but the answers that are provided (in bold) are different than your submissions, you should use the answers in bold when you answer Questions 3 and 4. Also, you should use the present value tables on page 113 in the Coursepack. The Brisbane Manufacturing Company produces a single model of a CD player. Each player is sold for $193 with a resulting contribution margin of $75. Brisbane's management is considering a change in its quality control system. Currently, Brisbane spends $41,500 a year to inspect the CD players. An average of 1,900 units turn out to be defective - 1,520 of them are detected in the inspection process and are repaired for $75. If a defective CD player is not identified in the inspection process, the customer who receives it is given a full refund of the purchase price. The proposed quality control system involves the purchase of an x-ray machine for $200,000. The machine would last for five years and would have salvage value at that time of $18,000. Brisbane would also spend $430,000 immediately to train workers to better detect and repair defective units. Annual inspection costs would increase by $20,000. Brisbane expects this new control system to reduce the number of defective units to 360 per year. 300 of these defective units would be detected and repaired at a cost of only $41 per unit. Customers who still receive defective players will be given a refund equal to 120% of the purchase price. Questions 1 & 2 [0 points; unlimited tries] 1. What is the Year 3 cash flow if Brisbane keeps using its current system? Submit Answer Tries 0/99 2. What is the Year 3 cash flow if Brisbane replaces its current system? Submit Answer Tries 0/99 Questions 3 & 4 [5 points each; 5 tries each] 3. Assuming a discount rate of 6%, what is the net present value if Brisbane keeps using its current system? Submit Answer Tries 0/5 4. Assuming a discount rate of 6%, what is the net present value if Brisbane replaces its current system? Submit Answer Tries 0/5
1. Year 3 cash flow if Brisbane keeps using its current system: $85,500 ($41,500 inspection costs + $44,000 cost of repairing defective units (1,520 x $75))
2. Year 3 cash flow if Brisbane replaces its current system: $61,500 ($20,000 increase in inspection costs + $41,000 cost of repairing defective units (300 x $41) + $120,000 refunded to customers for defective units (100 x $193 x 120%))
3. Net present value if Brisbane keeps using its current system: -$65,631.60
Calculation:
Year 0: -$41,500
Year 1: $48,000
Year 2: $48,000
Year 3: $85,500
NPV = -[tex]41,500/(1+0.06)^0 + $48,000/(1+0.06)^1 + $48,000/(1+0.06)^2[/tex][tex]+ $85,500/(1+0.06)^3 = -$65,631.60[/tex]
4. Net present value if Brisbane replaces its current system: $14,331.80
Calculation:
Year 0: -$630,000 ($200,000 machine + $430,000 training costs)
Year 1: -$62,000 ($20,000 increase in inspection costs + $41,000 cost of repairing defective units (300 x $41))
Year 2: -$62,000
Year 3: $61,500 ($20,000 increase in inspection costs + $41,000 cost of repairing defective units (300 x $41) + $120,000 refunded to customers for defective units (100 x $193 x 120%))
Year 4: $18,000 (salvage value of the x-ray machine)
NPV = -[tex]630,000/(1+0.06)^0 + -$62,000/ + -$62,000/(1+0.06)^2 + $61,500/(1+0.06)^3 + $18,000/(1+0.06)^4 = $14,331.80[/tex]
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You have just won a cash award of $500 for academic excellence. Select one:
a. The substitution effect of this award will be larger than its income effect.
b. The income effect of this award will be larger than its substitution effect.
C. The substitution and income effects will be of identical size.
d. It is impossible to know whether the substitution effect is larger than the income effect or vice versa.
This is because the cash award of $500 for academic excellence increases your overall income, leading to a more significant impact on your spending habits.
This is because the terms "substitution effect" and "income effect" are typically used in economics to describe changes in consumer behavior in response to changes in prices or income. In this case, there is no price change involved and the award is a one-time addition to income, so it is not clear how these concepts would apply. The award is simply an additional source of income, which could have various effects on the recipient's behavior depending on their individual preferences and circumstances. Your answer: b. The income effect of this award will be larger than its substitution effect.This is because the cash award of $500 for academic excellence increases your overall income, leading to a more significant impact on your spending habits. The substitution effect, on the other hand, refers to the change in consumption patterns due to a change in relative prices of goods, which is not directly related to the cash award in this scenario.
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The income effect and substitution effect are economic concepts that help explain how consumers respond to changes in income and relative prices. When you win a cash award of $500 for academic excellence, both the income effect and the substitution effect will come into play.
The income effect refers to how the increase in your purchasing power from the $500 award may lead you to consume more goods and services overall. This could result in increased demand for normal goods as you now have more money to spend. The substitution effect, on the other hand, refers to changes in the relative prices of goods and services. As a result of the cash award, you may be inclined to substitute more expensive goods for cheaper ones, depending on your preferences and the perceived value of these goods. Without more information on your preferences and the price levels of goods and services you consume, it is impossible to know whether the substitution effect is larger than the income effect or vice versa (option d). Both effects will impact your consumption behavior, but the magnitude and direction of each effect will depend on individual factors and circumstances.
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________ are a type of limited-service wholesaler who does not carry inventory or handle a product. They typically operate in bulk industries, such as coal, lumber, and heavy equipment.
Drop-shippers are a type of limited-service wholesaler who does not carry inventory or handle a product. They typically operate in bulk industries, such as coal, lumber, and heavy equipment.
These wholesalers act as intermediaries between manufacturers and retailers, taking orders and arranging for delivery without physically handling the goods. This business model allows them to reduce overhead costs, as they do not need to maintain storage facilities or transportation infrastructure.
Consequently, drop-shippers can offer competitive pricing to their customers, helping to facilitate transactions in these large-scale industries. By specializing in specific sectors, they can also develop expertise and relationships that make them valuable partners for both suppliers and buyers in the market.
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Consider standard upward sloping supply and downward sloping demand curves. Suppose the market for sugar is in equilibrium at
$3per pound. This means Select an answer and submit.. a) all remaining producers will require more than $3 to produce additional sugar. b) all remaining consumers value sugar at more than $3
c) the benefit of the last pound of sugar exceeds $3
d) the cost of the last pound of sugar is less than $3
.
It is given that the market for sugar is in equilibrium at $3per pound. This means that all remaining consumers value sugar at more than $3. So, the correct answer would be B.
This is because in an equilibrium state, the price of a good reflects the willingness of both producers and consumers to engage in a transaction.
At $3 per pound, the demand for sugar is equal to the supply of sugar. This means that all consumers who are willing to pay more than $3 per pound have already purchased sugar, and all producers who can profitably produce sugar at less than $3 per pound have already done so.
Therefore, any remaining sugar would only be purchased by consumers who value sugar at more than $3 per pound, and any additional sugar production would require a price greater than $3 per pound to incentivize producers.
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