Countrywide Financial enabled Bank of America to extend its mortgage lending business and to tap into a large pool of new customers who might be interested in its credit card, consumer banking, and other financial products. This scenario is an example of how information systems help businesses use synergies to achieve competitive advantage.
Explanation:
Any business in the current business environment is affected drastically by the information systems. The awareness about the information systems helps an entrepreneur to get top know about the new technologies and the operation of their competitors in such environment. Information technologies plays many different roles in business environment.
The structure of any industry can be changed and new rules can be implemented based on the competition. The information system can make any companies to create or achieve competitive advantage and perform their functions. It can also helps in changing the technology that is being practiced in a business for a long term.
Barry customizes Harley-Davidson motorcycles. No two cycles are alike. He notices that very few customers even ask the price of his motorcycles before they decide to purchase them. Demand for his motorcycles is probably ________.A. price sensitive.
B. price elastic.
C. price inelastic.
D. income elastic.
E. cross-price elastic.
Answer:
Price inelastic
Explanation:
The demand for a good is price inelastic when changes in price dont affect the quantity demanded.
Barry's customers do not consider price when making purchases. Prices, therefore, do not influence their purchasing decisions. If prices change, the quantity demanded would remain unchanged.
I hope my answer helps you.
The original cost of an inventory item is above the replacement cost and the net realizable value. The replacement cost is below the net realizable value less the normal profit margin. As a result, under the lower-of-cost-or-market method, the inventory item should be reported at the _________.A. Original cost.
B. Replacement cost.
C. Net realizable value.
D. Net realizable value LESS normal profit margin
Answer:
D. Net realizable value LESS normal profit margin
Explanation:
Inventories are assets of an entity stocked for the purpose of production, or assets that is being sold in the ordinary course of business, or it can be supplies used in the process of production, it can be materials at some stages of production (work-in-process)
The International Accounting Standard 2 (IAS 2) states that "Inventories are measured at the lower of cost and net realizable value". when the retail technique is used in measuring Inventories, inventory cost is arrived at by deducting percentage gross margin from the selling price.
When a company seeks to match the benefits of a successful position and maintain their current position in the marketplace it is attempting a(n) ________________ approach.
a. unique
b. straddling
c. leader
d. innovative
Answer:
B. Straddling
Explanation:
Straddling is a management approach in which a firm seeks to match what a competitor is doing by adding new services, technologies, features to its current activities.
Straddling is a very risky management approach as any other firm that is not straddling can match a straddling company on every front. The risk always shows if the straddling firm has to trade-off(i.e: lose one quality to improve another or to make gains).
Cheers.
Dismissal of an employee shortly after a request for a grievance hearing regarding a salary discrepancy with another employee can raise an issue of liability for retaliatory discharge.?
Answer:
True
Explanation:
The liability for retaliatory discharge is called retaliation claims and it refers to the claims an employee is entitled to when he/she can provide evidence of discrimination as a result of making a request or airing a grievance against an harassment or a discrimination withing the organisation.
To raise an issue of liability for retaliatory discharge, the following must be proven;
The first is that the employee must have filed a discrimination or a misconduct claim (such as the request for a grievance hearing against salary discrepancy)
The second is that the employee suffered a negative or adverse effect from the claim or request filed which in this case is the discharge or dismissal
The third is that there must be a proven causal relationship between the negative effect suffered and the request filed. Meaning, there should be a proven relationship between the discharge or dismissal of the employee and the request for grievance hearing.
Rocky’s insurance pays 80% of covered expenses after a $500 deductible is paid first. If all of Rocky’s expenses were covered and his insurance paid $16,000, what is the total amount that Rocky paid?
Answer:
$4,500
Explanation:
Let the Rocky’s expenses were 'x'
Therefore,
after deducting $500, amount left = x -500
Now,
The insurance paid 80% of the remaining amount i.e 80% of (x -500)
or
0.80 × (x - 500 ) = $16,000
or
x - 500 = $20,000
or
x = $20,500
Therefore,
The amount paid by Rocky = Rocky's expense - Amount paid by insurance
= $20,500 - $16,000
= $4,500
During the _____ age, manufacturers were principally concerned with production, and the primary burden of marketing fell on the wholesalers.
Answer:
industrialization age
Explanation:
Industrialization age -
It refers to the time period which encircles , the alterations in the social and economic organization.
This very time period begins around 1760 , firstly in the Great Britain and then to other countries .
During this age ,
The main concern of the manufacturer's is the production and therefore, the burden of the marketing goes to the wholesale people .
Hence , from the question,
The correct term is industrialization age .
If a company's efforts to differentiate its products are met with consumer disinterest, the company puts itself at risk for lower profits.A. True
B. False
Answer:
True
Explanation:
It would cost more for a firm to differentiate its products. If the product differentiation isn't rewarded with an increase in demand, the firm is at risk of a lower profit.
I hope my answer helps you
Suppose GDP is $16 trillion, with $10 trillion coming from consumption, $2 trillion coming from gross investment, $3.5 trillion coming from government expenditures, and $500 billion coming from net exports. Also suppose that across the whole economy, depreciation (consumption of fixed capital) totals $1 trillion.
Remaining information:
From these figures, we see that net domestic product equals:
a. $17.0 trillion.
b. $16.0 trillion.
c. $15.5 trillion.
d. None of the above ***right answer
Answer:
Option D, None of the above
Explanation:
The net domestic product (NDP) is equivalent to the gross national product (GDP) greater than the capital goods depreciated by a government. Capital spent throughout the year in the form of housing, automobiles or equipment is paid for by the net domestic product.
NDP is the value for a particular period of time for all goods and services produced in a country. This is a gross national product, or GDP minus a depreciation of capital.
"The factor-priced net domestic product is the sum total of the net value added during an accounting year by all manufacturers in the country's domestic region."
Answer:
D. None of the above
Explanation:
Every Saturday Mrs. Jones and hundreds of other shoppers visit ABC Market, a grocery store, to buy food for their home or business. These shoppers are _____ to ABC.
Answer:
Customers
Explanation:
A customer represents either a business or an individual that patronizes an organisation's products or services especially on a regular basis.
The role of the customer is to get their needs met by getting products or services offered, while the manufacturer or service provider's benefit is to derive income or revenue from the patronage of the customers.
Therefore, the customer - vendor relationship is a relationship that is critical to the continued existence of both parties.
Since, Mrs. Jones goes to visit ABC market on a regular basis (Saturdays) with other shoppers, then these shoppers are customers to ABC
Mrs. Jones and the other shoppers who visit ABC Market are customers to the store. As customers, they contribute to the store's revenue and are crucial for its success.
Every Saturday, Mrs. Jones and hundreds of other shoppers visit ABC Market, a grocery store, to buy food for their homes or businesses. These shoppers are customers to ABC Market. Customers play a crucial role in the retail environment, as they are the end-users who purchase products for personal use or consumption. In the context of a grocery store, customers help to drive sales and contribute to the store's revenue, making them a vital part of the store's success. Regular customers, like those described in the narratives, create a sense of community and loyalty, which can lead to sustained business for markets and grocery stores.
A research analyst is evaluating the financial statements of Tripod Photo Company(TPC). The analyst intends to make a recommendation on the stock after careful scrutiny of TPC's financial statements. The analyst observes that TPC initiated a dividend payment exactly two years ago and believes its operating cash flows appear to be able to support an even higher dividend payment next year. The sustainability of dividends is most likely to be evaluated using the:
a. Balance Sheet
b. Income Statement
c. Statement of Cash Flow
Answer:
c. Statement of Cash Flow
Explanation:
The statement of income records all profits generated and expenses incurred during a given period.
The Statement of stockholder equity comprises of the common stock and the retained earnings that could be used to determine the ending balance.
The balance sheet records the company's assets and liabilities
And, the cash flow statement analyzes the comp's cash inflow and cash outflow position. It includes three activities i.e operating, investing and financing activities
Since the question is talking about the dividend payment in operating cash flows so it should be evaluated by using the cash flow statement.
If Abrams Company has an inventory turnover of 7.3 and a receivables turnover of 9.6, approximately how long is its operating cycle?
Answer:
It is 16.9
Explanation:
Operating cycle = Inventory turnover + Receivable turn over - payable turnover
Hence, Operating cycle = 7.3+9.6
=16.9
Operating cycle implies how long it takes us to convert entire production process to cash .
It has an direct relationship with the level of working capital required. The higher the operating cycle, the higher the working capital investment required to keep the operation running.
A cash driven businesses like restaurant which hardly sell on credit will certainly have shorter operating cycle compared to a manufacturing company.
In preparing a sales forecast, it is desirable to have forecasts covering the "most likely", "best case" and "_____ case" scenarios
A) rapidly shifting
B) pessimistic
C) predominant
D) worst
In preparing a sales forecast, it is desirable to have forecasts covering the "most likely", "best case" and "pessimistic case" scenarios. The pessimistic case represents a scenario where the sales forecast is projected to be at its worst, with the lowest possible sales figures. These scenarios help businesses plan for different outcomes and make informed decisions based on the range of possibilities.
Explanation:In preparing a sales forecast, it is desirable to have forecasts covering the "most likely", "best case" and "pessimistic case" scenarios.
The "pessimistic case" scenario represents a scenario where the sales forecast is projected to be at its worst, with the lowest possible sales figures.
These scenarios help businesses plan for different outcomes and make informed decisions based on the range of possibilities.
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A bond has a face value of $1,000. The bond matures in 10 years. It has a coupon rate of 8% and pays interest annually. The yield is 9%. What is the price of the bond?
Answer:
The price of the bond is $935.823
Explanation:
The Price of a bond is denoted by [tex]B_{0}[/tex]
The price of a bond is the present value of future interest stream and principal stream discounted at yield represented as kd.
[tex]B_{0} = \frac{Intererst}{(1 \ +\ Kd)^{1} } +\ \frac{Interest}{(1\ +\ Kd)^{2} } +.....+ \frac{Interest}{(1\ +\ Kd)^{n} } \ + \frac{Redemption\ value}{(1 \ + Kd)^{n}}[/tex]
[tex]B_{0} = \frac{80}{(1 \ +\ .09)^{1} } +\ \frac{80}{(1\ +\ .09)^{2} } +.....+ \frac{80}{(1\ +\ .09)^{10} } \ + \frac{1000}{(1 \ + .09)^{10}}[/tex]
[tex]B_{0}[/tex] = 6.41766 × 80 + 0.42241 × 1000 = 513.413 + 422.41 = $ 935.823
Whenever the coupon rate of payment is lesser than Kd or yield to maturity (ytm) , the price of such bonds are at a discount.
A bonds value is determined by the future stream of interest it generates in addition to it's redemption value both discounted at the investor's expected rate of return which is denoted by Kd.
Firms that are _______ recognize that including a strong social orientation in business is a sound strategy that is in the best interest of both the firm and its customers.
1. production oriented2. profit driven3. transaction oriented4. sales oriented5. socially responsible
Answer:
Socially responsible
Explanation:
The term social responsibility refers to give back to the society in which its operates. A firm being socially responsible means that it has an obligation to act for the benefit of society at large.
Being socially responsible helps both the society at large and also the firm. It helps the firm in the sense that it changes the orientation or give a good impression of the firm to the society and also helps the organisation to gain a bigger and larger customer base.
To the society, social responsibility of the a firm provides some basic needs that will improve the well being of the society.
Example of social responsibility by firms may include, organizing seminars that helps the society to gain more knowledge about a particular phenomenal, construction of health care centers, roads and making the environment more beautified.
The correct answer is 'socially responsible.' This approach aligns with the triple bottom line, focusing on financial, social, and environmental performance. Companies like Wal-Mart and Toyota have successfully integrated social responsibility into their business strategies.
Socially responsible firms recognize that including a strong social orientation in business is a sound strategy that is in the best interest of both the firm and its customers. Companies have begun to realize that they can be both profitable and socially responsible, which is tied to the concept of the triple bottom line, focusing on social and environmental performance alongside financial success. Having a socially responsible outlook can offer competitive advantages, such as enhanced brand reputation and loyalty, which can lead to increased profits.
For example, Wal-Mart has taken significant steps toward sustainability, influencing its supply chain to adopt better practices. Toyoto has seen success with its environmentally friendly Toyota Prius. These companies exemplify the trend toward balancing profit with social and environmental responsibilities, a strategy that can lead to long-term success and sustainability.
Manufacturing costs do not include: Multiple Choice Direct labor applicable to production within the period. Selling expenses related to goods manufactured during the period. Direct materials used during the period. Manufacturing overhead charged to work in process during the period.
Answer: The manufacturing costs don't include selling expenses related to goods manufactured during the period.
Explanation:
Manufacturing costs by definition are the sum total of direct labour (labour charges paid for production), direct material (raw material expenses paid for producing the goods) and manufacturing overheads (other manufacturing expenses like fuel charges and accounting costs for recording manufacturing processes etc). These costs are calculated for work in progress and finished goods.
Thus manufacturing costs= Direct Labour + Direct Material + Manufacturing Overheads.
So, thereby looking at the options manufacturing costs don't include selling expenses related to goods manufactured during the period.
Lehman Corporation purchased a machine on January 2, 2013, for $3,000,000. The machine has an estimated 5-year life with no salvage value. The straight-line method of depreciation is being used for financial statement purposes and the following MACRS amounts will be deducted for tax purposes:
2013 $600,000 2016 $345,000 2014 960,000 2017 345,000 2015 576,000 2018 174,000 Assuming an income tax rate of 30% for all years, the net deferred tax liability that should be reflected on Lehman's balance sheet at December 31, 2014 be Deferred Tax Liability Current Noncurrent a. $100,800 $7,200 b. $108,000 $0 c. $0 $108,000 d. $7,200 $100,800
Answer:
correct Option is c) $0 $108,000
Explanation:
given data
Machinery Purchases = $3,000,000
Estimated Life = 5 years
Income Tax Rate = 30%
solution
we get here net deferred tax liability that is reflect on balance sheet and
we know here that MACRS amounts that will be Deduct for Tax Purposes is 2013 = $600,000
2014 = $960,000
so Deferred Tax Liability will be
Deferred Tax Liability = 30% × ($960,000 - $600,000)
Deferred Tax Liability = $108,000 Noncurrent
correct Option is c) $0 $108,000
Managers in businesses direct their activities toward earning money for their company and its owners, whereas managers in nonprofits direct their efforts toward: a.bridging the gap between large organizations and consumers. b.generating some kind of social impact. c.supplementing other businesses with resources. d.retaining existing employees.
Answer:
(B) generating some kind of social impact
Explanation:
The basic premise for the existence of not for profit enterprises is generating some kind of social impact. The not for Profit enterprises, as the name implies serve their respective society members. For example, Red Cross Society encourages the society to donate blood for the needy patients and a cooperative society works for the welfare of its members to satisfy their common goals etc.
Hence, not for profit managers enable a social impact for their respective serving members and thereby enjoy their respective members' contributions. This is opposite of the business managers, whose basic aim is increasing profits only.
Management accounting information is most useful when it: Multiple Choice A. is timely. B. helps investors improve their decisions. C. is relevant and reported annually. D.helps creditors evaluate a company's perfo
Answer:
A. is timely.
Explanation:
Management accounting information is an accounting information presented in a format that will assist management in decision making.
By their characteristics management accounting information relates mostly to a specific period in time, and also decisions must be taking within a specific time, therefore no matter how accurate a piece of information, if it is not received at the right time will not be useful..
The New Fund had average daily assets of $2.7 billion in the past year. The fund sold $405 million and purchased $505 million worth of stock during the year. What was its turnover ratio?
Answer:
turnover ratio = 16.87 %
Explanation:
given data
average daily assets = $2.7 billion
fund sold = $405 million
purchased = $505 million
solution
we get here turnover ratio that is express as
turnover ratio = [tex]\frac{total\ stock\ sold}{daily\ assets}[/tex] ................1
put here value and we get turnover ratio
turnover ratio = [tex]\frac{405\ million}{2400\ million}[/tex]
turnover ratio = 0.16875
turnover ratio = 16.87 %
On December 1, 2016, Hogan Co. purchased a tract of land as a factory site for $780,000. The old building on the property was razed, and salvaged materials resulting from demolition were sold. Additional costs incurred and salvage proceeds realized during December 2016 were as follows:
Cost to raze old building $70,000
Legal fees for purchase contract and to record ownership $10,000
Title guarantee insurance $16,000
Proceeds from sale of salvaged materials $8,000
In Hogan’s December 31, 2016 balance sheet, what amount should be reported as land?
a. $806,000
b. $842,000
c. $868,000
d. $876,000
Answer:
C) $868,000
Explanation:
The costs associated to the purchase of the tract of land were:
Purchase price of land = $780,000Demolition of old building = $70,000Legal fees = $10,000Title guarantee insurance = $16,000Proceeds from sale of salvaged material = $8,000The total cost of the land = purchase price + demolition costs + legal fees + title guarantee insurance - proceeds from salvaged materials = $780,000 + $70,000 + $10,000 + $16,000 - $8,000 = $868,000
The demolition costs are capitalized to land because they are a necessary cost to bring the land into its intended condition. Legal fees and title guarantee are necessary to avoid legal problems.
To determine the amount that should be reported as land in Hogan’s December 31, 2016 balance sheet, add the initial cost of the land to the additional costs and subtract the salvage proceeds from the sale of salvaged materials.
Explanation:To determine the amount that should be reported as land in Hogan’s December 31, 2016 balance sheet, we need to consider the initial cost of the land and the additional costs incurred during December 2016. The initial cost of the land is $780,000. The additional costs include the cost to raze the old building ($70,000), legal fees for the purchase contract and ownership recording ($10,000), and title guarantee insurance ($16,000). The salvage proceeds from the sale of salvaged materials ($8,000) should be subtracted from the total additional costs. Therefore, the amount of land that should be reported in the balance sheet is $780,000 + $70,000 + $10,000 + $16,000 - $8,000 = $868,000. The correct answer is c. $868,000.
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The industrial organization (I/O) model suggests that above-average returns are determined primarily by the firm's unique internal resources rather than by external capabilities.True or false?
The given statement " The industrial organization (I/O) model suggests that above-average returns are determined primarily by the firm's unique internal resources rather than by external capabilities " is FALSE
Explanation:
Industrial Organisation Model: Above-average returns are primarily calculated by the company's EXTERNAL factors.
---Industry structure
---Attractiveness of the external environment
The industry in which a company participates has a stronger impact on the performance of the company than the managers make choices within their organisations.
The industrial organisation model allows companies to get a better indication on a competitor's behavior through the use of game theory. Game theory, also known as immersive decision theory, comprises of a limitless amount of players (the competition) and a limited number of decisions they can create.
Jonah and Cathy were sure that they had correctly answered most of their exam questions. However, they each scored less than 60 percent on the exam. This BEST illustrates the flaw in thinking known as _____.
Explanation:nevermind
When the price of butter was "low," consumers spent $5 billion annually on its consumption. When the price doubled consumer expenditures increased to $7 billion. Recently you read that this means that the demand curve for butter is upward sloping. Do you agree? Explain.
Answer:
I agree
Explanation:
The demand for butter is increasing as price increases. This means the higher the price, the higher the quantity demanded. This is against the law of demand.
I hope my answer helps you
On January 4, 2012, Harley, Inc. acquired 40% of the outstanding common stock of Bike Co. for $2,400,000. This investment gave Harley the ability to exercise significant influence over Bike. Bike's assets on that date were recorded at $10,500,000 with liabilities of $4,500,000. There were no other differences between book and fair values. During 2012, Bike reported net income of $500,000. For 2013, Bike reported net income of $800,000. Dividends of $300,000 were paid in each of these two years. How much income did Harley report from Bike for 2012?
a) $120,000.
b) $300,000.
c) $200,000.
d) $500,000.
e) $320,000.
Answer:
e) $320,000
Harley's income from Bike in 2012= Harley's investment in Bike * Net Income of Bike in 2012 + Dividend Income share of Harley received from Bike in 2012
= 0.4 or 40% * $ 500,000 + 0.4 or 40% * $ 300,000
= $ 200,000 + $ 120,000 = $ 320,000
Explanation:
For computing Harley's income from Bike in 2012, we should find the Harley's income from Bike from the two sources given in the problem i.e.
Net Income of Bike in 2012Dividend Paid by Bike in 2012The Net Income of Bike in 2012 = $ 500,000
Therefore, Harley's Net Income share in Bike of 2012 = 0.4 or 40% * $ 500,000 (As Harley's investment in Bike is 0.4 or 40%).
= $ 200,000 - (Part A)
Dividend income of Harley from Bike in 2012 = 0.4 or 40% * $ 300,000
= $ 120,000 - (Part B)
Adding Part A and Part B we get the answer of $ 320,000.
is the process of carefully managing detailed information about individual customers and all customer "touch points" to maximize loyalty.
Answer:
Customer Relationship Management (CRM)
Explanation:
Customer Relationship Management (CRM) is a technique or approach initiated by the corporation to manage the all-important information about the patent customer to gain loyalty at fullest and maximize the business p[productivity.
the main focus of this approach is to know about all those customers who can be in a list of potential customers.
In contrast to public markets, private markets are characterized by individually negotiated transactions that take place without the aid of a centralized market. Therefore, private markets will generally have:
Answer: High transaction costs and low liquidity.
Explanation: Without the aid centralized market as opposed to the public market, transaction cost will be high 'cause of the middle men and the ease with which assets or security to be bought will be low.
Consider two straight-line PPFs. They have the same vertical intercept, but curve I is flatter than curve II. The opportunity cost of producing the good on the vertical axisa.is greater along curve I.b.is greater along curve II.c.is the same along both curves.d.cannot be compared for the two curves without more information
Answer:
a.is greater along curve I
Explanation:
The production probability frontier also known as PPF is a graph that shows the different combinations of two goods that can be generated by utilizing the available resources that the two goods require for their production. Based on the statement in the question, the opportunity cost of manufacturing the good located on the y-axis will be higher along curve I.
Which of the following actions is associated with a niche strategy? Group of answer choices A. Manufacturing products in bulk and targeting average customers B. Selling products without extra frills or options C. Choosing a target market that is not crucial to the success of major competitors D. Creating cross-departmental teams across all the strategic business units
Answer:
The action that is associated with a niche strategy choosing a target market that is not crucial to the success of major competitors.
Option: (C)
Explanation:
The major reason an organization chooses to adopt a niche strategy is to avoid the dominance of a particular competitor in the present targeted market that both the organizations are functioning in. A niche strategy helps the organizations to experiment with the market and see if the output they get is acceptable or not.A niche strategy involves focusing on a specific, underserved segment of the market. The action most associated with this strategy is choosing a target market that is not crucial to the success of major competitors. C. Choosing a target market that is not crucial to the success of major competitors.
Explanation:The action most associated with a niche strategy is C. Choosing a target market that is not crucial to the success of major competitors. This is because a niche strategy is all about focusing on a specific, often underserved segment of the market. Rather than trying to cater to average customers or mass market, firms utilizing a niche strategy tailor their products or services to meet the unique needs and preferences of a specific group of customers that are not the main target of major competitors. This allows them to effectively avoid direct competition and often allows for higher profit margins.
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An excess of merchandise exports over merchandise imports results in a balance of trade deficit. True False
Answer:
False
Explanation:
As we know that
Net exports = Exports - imports
If the exports are higher than the imports than it would be surplus and on the other hand if exports are lower than the imports than it would be deficit
In the given scenario, since the merchandise exports have a higher value than the merchandise imports that reflects the trade surplus, not the trade deficit.
Since Ben’s supervisor is out sick, Ben has been called on to give an impromptu briefing to the other employees at his company. This situation is likely to cause ________ communication apprehension.
Answer:
Novelty Communication Apprehension
Explanation:
In communication, the anxiety that develops as a result of being put in communication environments, contexts or situations that are new to the individual is known as novelty communication apprehension.
It is important to note that novelty communication apprehension also affect people who are used to public speaking. The contexts 'new environment and impromptu' are the trigger for this type of apprehension and a way to reduce it is to find opportunities to interact and speak at multiple platforms.
Ben knows his other employees, but the communication environment that puts him in charge of an impromptu brief creates a new circumstance and context for formal communication that he is not used to and as such it will likely cause him apprehension.