Financial statements should be useful. Which of the following is not one of the qualities of useful financial representation.

A. Expandability Relevance
B. Faithful representation
C. Comparability
D. Consistency Verifiability

Answer:

1.33

Explanation:

Data provided in the question:

Mean = 20

Tolerance limit = 20 ± 1

Standard deviation, s = 0.25 ounces

Now,

Upper specification limit, USL = 20 + 1 = 21

Lower specification limit, LSL = 20 - 1 = 19

also,

capability ratio = [tex]\frac{USL-LSL}{6s}[/tex]

Thus,

Capability ratio = [tex]\frac{21-19}{6\times0.25}[/tex]

or

Capability ratio = [tex]\frac{2}{1.5}[/tex]

or

Capability ratio = 1.33

Final answer:

The process capability ratio for the BBQ sauce bottle filling process, with a specification range of ±1 ounce and a standard deviation of 0.25 ounces, is approximately 1.33, indicating a capable process.

Explanation:

The process capability ratio (Cp) is a measure of how well a process can meet its specification limits. It is defined as the ratio of the specification range to the process variation, where the specification range is the difference between the upper and lower specification limits, and the process variation is generally 6 times the standard deviation (σ) assuming a normal distribution.

In this case, the upper tolerance limit is 21 ounces (20 + 1), and the lower tolerance limit is 19 ounces (20 - 1), which means the total tolerance range is 2 ounces (21 - 19). With a standard deviation of 0.25 ounces, the process variation is 6×0.25 = 1.5 ounces. Hence, the process capability ratio (Cp) is calculated as the tolerance range divided by the process variation: Cp = 2 / 1.5 ≈ 1.33.

Therefore, the process capability ratio for the barbecue sauce bottle filling process is approximately 1.33, indicating that the process is capable of producing within the specification limits provided.

Answer:

The correct answers are B and D

Explanation:

Market economies is the kind of market which is grounded on the private enterprise, which means or states that the production (businesses or the resources) are operated as well as owned by the group or the private individuals.

And the supplying the goods and the services are grounded on the demand. The income of the person is grounded on the ownership of the resources of the person (especially the labor).

Therefore, the statement which is true regarding the market economies are B and D.

In a market economy, private enterprise underpins the economic structure, and incomes are tied to the value of one's contribution to society. Option (b) and (d) are the correct choices, as they reflect the decentralized nature and the basis of income determination in market economies.

Regarding the descriptions true about market economies, here are the applicable options:

Option (a), which states the government decides production methods and wages, and option (c), suggesting economic effort is devoted to goals from a ruler or ruling class, both describe features of a command economy, not a market economy. A market economy is characterized by decentralized decision-making, with businesses and consumers operating based on supply and demand. Individuals or groups of individuals own the resources and means of production, and their incomes are dependent on the value society places on their contributions. Market forces determine economic decisions, rather than government mandates.

Answer:

1. management analysis and choice in part, as well as by the necessity of adapting

Explanation:

Strategy refers to a formulated future plan which specifies the manner in which an organization shall progress and the course it is going to adopt with respect to it's operations, so as to attain it's goals and objectives.

A Company's strategy is an outcome of management analysis of past trends and record as well as the current business environment in which it operates.

Choice refers to decision making ability of the management which relates to making strategic important decisions and making the most of the opportunities.

Adaptation refers to the nature of business environment which is dynamic in nature strategies and policies need to be framed in the alignment of the environment.

To conclude, a company's strategy is shaped by 1. management analysis and choice in part, as well as by the necessity of adapting.

A company's strategy is shaped by management decisions, adherence to its core values, and an understanding of its resources and competitiveness. It also requires insights into the market structure and a focus on core competencies to succeed.

A company's strategy is influenced by multiple factors, including management analysis and decision-making, as well as external factors like the need to adapt to changing conditions. The strategy development process considers a company's core values, mission, and strategic vision, alongside tangible elements such as its resources, capabilities, competitiveness, and market position. An integral aspect of this process involves understanding the market structure, which is a multidimensional concept that determines how competitive an industry is. A key strategy for many successful businesses is focusing on their core competencies, which refers to concentrating on a select few products or services where they have the most expertise and can deliver the highest value.

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Answer:

All of the following are major features of organizations that impact the use of information systems except for;

d. agency costs

Explanation:

An organization is a formal legal entity with internal processes that utilize resources from the environment, and converts them to output. Information technology on the other hand is the use of technology especially computers to retrieve, receive and transfer data. In large organizations, business processes tend to be redundant and complex to execute using human capacity. Information technology can be used in these situations to ensure that the processes are executed in an efficient and timely manner. There are major features of organizations that impact the use of information systems, namely;

1. Business processes

It can be defined as a collection of people and equipment that work together to produce a desired good or service. The nature of the business process determines the type of information system to be used.

2. Environments

Environments includes all the things inside and outside the organization that impacts the company directly or indirectly. Environment as a feature of organization impacts on how information is processed in that organization.

3. Goals

Since information systems exist to assist the organization in many ways, they have to be designed so that they are in line with organizational goals and objectives.

Final answer:

Agency costs do not directly impact the use of information systems within organizations, contrary to business processes, environments, and goals, which are significant factors.

Explanation:

The question is concerned with identifying the feature that does not impact the use of information systems within organizations. The correct answer is option d: agency costs. Agency costs are more related to the relationship between shareholders and management rather than the direct use of information systems.

On the other hand, business processes, environments, and goals are major features that significantly affect how information systems are utilized within an organization. Business processes signify the collection of activities that deliver a specific service or product.

Environments represent the external factors that the organization operates within, and goals reflect the objective and purpose that the information system seeks to accomplish.

Answer:

A. Enter an object specific action to Account and put it in the Account Layout.

Explanation:

Enter an object specific action to Account and put it in the Account Layout.

To enable account managers to enter a new service from Account in Salesforce1, Universal Containers would need to create an object-specific action for the Account object and add it to the Account layout. This would allow the new service to be rendered when viewing an Account.

Universal Containers can achieve this by creating an object-specific Action for the Account. This Action will enable an Account manager to add a new Service directly from the Account view in Salesforce1.

It's important to make sure that this action is added to Account Layout and not Service Layout, so that it can be accessible while viewing an Account.

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Answer:

A) total number of possible selections = 10 x 10 x 10 = 1,000

B) the probability of winning = 1 / total number of possible selections = 1 / 1,000 or 0.001

C) in case you win, your net profit = $363.23 - $1.44 = $361.79

D) the expected value of your bet = (probability of winning x value of the winnings) - [(1 - probability of winning) x cost of the ticket] = (0.001 x $363.23) - [(1 - 0.001) x $1.44] = $0.36323 - (0.999 x $1.44) = $0.36323 - $1.43856 = -$1.07533 ≈ -$1.08

Answer: Earnings from operations all cash receipt.

Explanation:

Revenue account is an accounting record where all cash received by a business establishment is recorded. It comprises of cash received from sales of products and other forms of income a company receives within a period.

Answer:

Bulk zoning

Explanation:

Bulk zoning refers to zoning regulations designed to decrease the population density of a specific area. Generally cities apply very strict bulk zoning regulations on residential areas, which should be used specifically for building homes. If you limit the maximum height of the constructions, even if you build a condominium it must not have more than 2 or 3 floors.

Sometimes bulk zoning regulations are also applied to commercial areas that are located far away from the central district. This is specially useful when you wish to separate city areas through the use of extensive commercial areas that are located on specific avenues. For example, north of ABC avenue the zoning regulations allow tall buildings, while south of that avenue only houses can be built.

Answer:

Options (1), (2) and (4)

Explanation:

The shift of the demand curve to the right should an increase in demand caused by the change of other factors apart from the price of wheat bread.

Option 1 - The population of Arizona grows by 20%

This will likely result in a shift in the demand curve of wheat bread to the right (an increase in demand) as more people buy wheat bread due to the population growth.

Option 2 - A drought in Kansas makes people believe that the price of wheat bread will increase in a couple of months

An expectation of a future increase in the price of bread will likely drive up the demand for the commodity as people buy in a bid to store up at cheap prices before the increase in price sets in.

Option 3 - People learn that certain bread additives may be bad for their health

Demand for an item considered hazardous will most likely decline significantly as people shift to consuming more healthy products.

Option 4 - As people become more health conscious, they discover the benefits of whole wheat as a part of their diet

Demand for wheat bread in this case in likely to increase due to the same reason adduced for option 3, as the benefits make people consume more of the commodity.

Answer:

1 2 and 4

Explanation:

Answer: False

Reason:

The class system in the United States is not largely dependent in determining the class membership by using the individual background. Just like in Europe, Asia and other countries, USA has defined its upper, middle class and lower classes and has separate assessment way just like other countries. The USA class membership is determined on the grounds of individual wealth and is not concerned with level of education.

Answer: 10-20%

Explanation: A contingency factor is anything you can't predict accurately or forecast in the future. In order to cover currency fluctuations when services are done in local currency, contingency cost of 10-20% over basic cost estimate is advisable.

To solve the problem one assumption has to be made: Particle 0 is not between particles 1 and 2, otherwise, the net force will be always greater than 0. That is because the force than particles 1 and 2 make to particle 0, have the same direction.

Answer:

[tex]\frac{d1}{d2} = \sqrt{\frac{q1}{q2} }[/tex]

Explanation:

Coulomb's law states that Fe = (K*q1*q2)/d^2

We want the force  that particle 1  makes over 0  to be equal and opposite to the force that particle 2 makes over 0, that is:

F10 = F20

(K*q1*q0)/d1^2 = (K*q2*q0)/d2^2 (d1 is the distance between particle 1 and 0 and d2 is the distance between particle 2 and 0)

Solving the equation:

q1/d1^2 = q2/d2^2

d1/d2 = √(q1/q2)

Answer:

JetBlue was able to invest in new technology Airlines which has helped to boost its efficiency and overall performance,but the older have to do away with their old styles ''legacies''

Explanation: Advancement in technology has actually helped organisations especially the new entrants to perform exceeding better than the older once, like the case of JetBlue, it is a ''Late mover'' which means it entered the market later making it and started to spend on modern technology Airlines which has helped to boost its overall outputs. It also does not have any issues on the immediate which must have affected the older Airlines.

Major airlines have been engaged in mergers and accused of predatory pricing, practices that may have hindered them from adopting strategies similar to JetBlue. Even with equally capable executives, these larger airlines face unique challenges in the ever-competitive airline industry.

The question asks why well-established airlines have not done what JetBlue has done, despite their executives being equally smart. One possible reason could be that larger airlines have faced challenges and competitive practices that have hindered their ability to innovate or change their business models in the same way as JetBlue.

Major airlines have seen a series of mergers which have raised concerns about compromised competition. Moreover, these airlines have been accused of predatory pricing, a strategy wherein larger airlines slash prices to drive out smaller competitors.

New entrants may decide not to compete in such a cutthroat environment. Therefore, these factors could potentially explain why well-established airlines have not adopted the same strategies as JetBlue, despite their leadership being equally intelligent.

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Answer:

c.Customer refunds payable, accounts receivable, merchandise inventory, and estimated returns inventory

Explanation:

When merchandise that was sold on account is returned, the accounts that are affected are:

Accounts Receivable which is credited to reduce the amount the customer is owing OR that is receivable from customer.

Returns Inventory is debited to reduce sales amount and A second entry must also be made to debit merchandise inventory to add back the returned items to stock.

When merchandise sold on account is returned, affected accounts include Customer refunds payable, Accounts receivable, Merchandise inventory, and Estimated returns inventory, adjusting for the returned goods and the refund owed.

When merchandise that was sold on account is returned, the accounts that are affected include Customer refunds payable, Accounts receivable, Merchandise inventory, and Estimated returns inventory. This means, initially, the seller recognizes the sale as revenue and an accounts receivable (since the merchandise was sold on account). When the merchandise is returned, the seller needs to adjust this transaction by: increasing the merchandise inventory (the returned goods are back in stock), decreasing accounts receivable (as the obligation from the buyer to pay is reduced), and recognizing the liability through customer refunds payable for the refund owed to the customer.

Answer:

its cold outside thats the answer

Explanation:

Answer:

B) decreases GDP by $60,000.

Explanation:

The GDP includes the total production of final and legal goods and services. But in order for a service to be included in the GDP, they must be sold to someone else. The same restriction applies to a person that grows vegetables and fruits on his/her backyard for personal consumption.

If an exchange is not made, then it is not included in the GDP. The difference with manufactured products that once finished are included in inventories (increase investment) is that materials, labor and other inputs were used to produce them and someone got paid for them.  

Answer:

Letter a. A service must be a tangable good.

Explanation:

Services can be defined as a product of human activity whose objective is to satisfy a need. A service cannot be a material good, to identify a service four main characteristics must be considered:

1- Intangibility: Services are not tangible. That is, they cannot be touched, seen, tasted. They are ideas and concepts. The consumer is influenced to choose a service by the reputation of the service.

2- Inseparability: Services are created and consumed simultaneously. One of its characteristics is the customer's presence in the development of the service, which causes immediate satisfaction or dissatisfaction.

3-Variability:  The service will not always be the same when running more than once. It can be caused by outsourcing services and cause problems to maintain the quality and satisfaction perceived by customers.

4-Perishable: Services must be consumed immediately, or they will be lost. It cannot be stored.

Answer: The aspect of marketing is PACKAGING.

Explanation:

Packaging is a marketing tool useful in attracting customers and incorporating value for a business.

Different companies constantly look for ways to distinguish their businesses. One of such ways is the use of polo shirts with the company's logo on it. It gives a good sign on the value of the business.

Promotion of business and selling of services and commodities to the consumers or the buyers is called marketing.

The correct answer is:

Option B. Packaging

The explanation for this is:

Therefore,  packaging can be used as an aspect of marketing.

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Answer:

Country of Origin

Explanation:

The aim of leveraging secondary association is to build a new brand by taking advantage of an existing popular brand as this makes the process easier.

Different factors of the parent brand like country of origin , distribution channels and prior knowledge are considered before deciding the right association to leverage on.

Some countries are reputable for high qualities of certain product. Just as Japan is to electronics , automobile is to Germany, that is the reason that the country of origin is a factor to consider in deciding secondary association for leveraging as in seen in the question

Final answer:

BMW's association with German engineering is an example of leveraging 'Country of Origin' effects to build brand equity. Brand ambassadorships and synergistic advertising across platforms also play vital roles in reinforcing brand value and establishing a trustworthy reputation.

Explanation:

Linking the BMW car brand to reliable German engineering is an example of leveraging a type of secondary association known as Country of Origin effects. The concept of associative learning in advertising suggests that by connecting BMW with the high standards of engineering excellence that Germany is known for, customers may infer that BMW cars are of superior quality. This helps in building brand equity for BMW through the positive perceptions associated with German engineering.

Brand ambassadorships further enhance brand equity by leveraging the power of referrals and associations with influential personalities. An ambassador advocating for a brand can create a strong, positive connection in the consumers' minds. The trust and credibility projected by these ambassadors can contribute to higher customer loyalty and brand recommendation.

Synergistic advertising practices across different platforms also play a crucial role in reinforcing a consistent brand message. This multifaceted approach ensures that customers are continually reminded of a brand's value proposition, which can help in establishing a reliable reputation, thereby also contributing to brand equity.

Answer:

E) they were not involved in setting the goals

Explanation:

I personally like management by objectives (MBO) since it is a management model that encourages employee participation in the decision making processes and goal setting processes for an organization.

When the employees feel that they have a saying in the decision making processes or goal setting processes, they are really motivated to reach those goals and give their best to prove that they were right when they proposed something. The motivation is different.

In this case, the exact opposite is happening. An order coming from some distant headquarter that was made without any type of employee participation is going to generate frustration and problems.

Answer:

a.increase spending by $100 billion.

Explanation:

For computing the effect, first we have to find out the multiplier then, the spending amount effect which is shown below:

Government spending multiplier = 1 ÷ (1 - marginal propensity to consume)

Government spending multiplier = 1 ÷ (1 - 0.90)

Government spending multiplier = 1 ÷ 0.10

So, Government spending multiplier = 10

Now the effect of spending would be

= Output level at full employment ÷ Government spending multiplier

= $1,000 billion ÷ 10

= $100 billion increase

Answer:

Operations

Explanation:

Inventory Management comes under the operations management. Operations management focuses on carefully managing the processes to produce and distribute products and services. Major, overall activities often include product creation, development, production and distribution. So this is an example of an activity that comes under operations of a company.

Answer:

Ending inventory balance........................$497,000

Explanation:

If Surist, Inc. purchased merchandise for $300,000, and received credit for purchase returns of $20,000, and was availed purchase discounts of $5,000, and paid transportation in of $12,000. If Surist, Inc. had $30,000 in beginning inventory, and sold goods costing $180,000, Then the ending inventory balance can be derived as:

Beginning inventory....................................$30,000

Add: Purchases of merchandise ......... $300,000,

Less: Purchase returns of ........................($20,000)

Less: Purchase discounts of .....................($5,000)

Add: Paid transportation of .......................$12,000.

Less: Cost of Goods Sold....................... ($180,000)

Ending inventory balance........................$497,000

The ending inventory balance for Surist, Inc. is calculated by determining the goods available for sale ($317,000) and subtracting the cost of goods sold ($180,000), resulting in an ending inventory of $137,000.

To calculate the ending inventory balance for Surist, Inc., we must first determine the cost of goods available for sale, then subtract the cost of goods sold (COGS). Here is how you calculate it:

Beginning Inventory: $30,000

Add: Purchases: $300,000

Less: Purchase Returns: $20,000

Less: Purchase Discounts: $5,000

Add: Transportation In: $12,000

Equals: Goods Available for Sale: $317,000

Less: Cost of Goods Sold: $180,000

Equals: Ending Inventory: $137,000

So, the ending inventory for Surist, Inc. is $137,000.

Answer:

A. More than $102

Explanation:

Given the Principal amount, P = $100

interest rate, r was 2 percent per year= 2/100

n = 1 = the interest is calculated yearly

After time, t of 5 years, the Principal will have increase to?

using the formula for compound interest:

Compound interest for 5 years = P (1+ r/n)^nt

                                                  = $100 (1+ (0.02/1))^ (1*5)

                                                   = $100 (1.02)^5

                                                   = $100* 1.104 = $110.41

After time, t of 5 years, the Principal will have increase to $110.41 which is more than $102

If you had $100 in a savings account with a 2% annual interest rate, the amount of money in your account would be more than $102 after 5 years due to compound interest.

If you had $100 in a savings account with a 2% annual interest rate, it would grow over time due to compound interest. Compound interest means that the interest you earn each year is added to your principal, and then the next year's interest is calculated based on the new total. After 5 years, the amount of money in your account would be more than $102 because the interest earned in each year would be added to the previous amount.

Answer:

The correct answer is option a.

Explanation:

Comparative advantage refers to the situation where an individual, firm, or nation can produce a good at a comparatively lower opportunity cost.  

It is given here that,

Hank's opportunity cost of producing a bushel of corn = 2 bushels of soybeans  

And,

Tony's opportunity cost of producing a bushel of corn = 3 bushels of soybeans

We see that Hank has a lower opportunity costs in the production of corn. So we can say Hank has a comparative advantage in the production of corn. Or in other words, Hank specializes in the production of corn.

Hank has a comparative advantage over Tony in the production of corn because his opportunity cost is lower. He only has to give up 2 bushels of soybeans to produce a bushel of corn compared to Tony's 3 bushels. Therefore, the statement is true.

The question asks if Hank has a comparative advantage in the production of corn over Tony. In economics, a person has a comparative advantage at producing something if they can produce it at a lower opportunity cost than someone else. Here, the opportunity cost for Hank to produce a bushel of corn is 2 bushels of soybeans, while for Tony it is 3 bushels of soybeans. Therefore, Hank indeed has a comparative advantage as he is giving up less to produce corn. So, the answer is (a) True.

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Answer:

A. Purchase requisitions.

Explanation:

A purchase requisition is a document initiated by the user department or the store officer notifying the purchase department of the need to purchase materials needed either in the production unit, shop floor or store.

In order to ensure that the request for material or inventory items pass through the established internal control procedure, every  purchase requisition must pass through approval and authorization process.

Answer:

Switching Costs Strategy

Explanation:

Switching Costs represent costs that are to be incurred by a customer due to a change of products, service providers or brands. Switching costs which is usually quantified monetarily represents the effort and time involved in changing products, failure of the new product being switched to, exorbitant cancellation costs that may be set by brands and manufacturers and also the disruption of smooth daily operations.

The effect of switching costs strategy is that customers will consider them carefully and could be discouraged from making the switch or change in product simply as a result of the costs.

As seen in the question, any attempt time, psychological or effort put in place by a manufacturer to discourage a customer from switching brands or products or even services is a switching cost strategy.

Answer:

servant leadership

Explanation:

Definition:

A servant leader focuses primarily on the growth and well being of people and communities to which they belong. The leader shares power, puts the needs of others first and helps people develop to their fullest potential.

How Malcolm could have demonstrated servant leadership:

Answer:

Servant leadership

Explanation:

Servant Leadership

A servant leader wants to serve his subordinates and the organization, not himself. He

focuses on providing increased service to others, doing everything wiithin his power to meet the goals of both followers and the organization, rather than to himself.

Servant leadership is not a quick fix meal to leadership rather it is a long term approach to life and work. Malcolm demonstrated this type of leadership by trying to meet the needs of his team member and also the goals of upper management

Answer:

$125,000

Explanation:

Opening values of;

Total assets =​ $120,000

Total liabilities = $40,000

Total equity = $120,000 - $40,000 = $80,000

During the year,

Total revenues = $140,000

Total expenses = $50,000

Withdrawal by owner = $45,000

The amount withdrawn by the owner reduces the owners equity. This may be deducted from the net income.

Net income from the year = $140,000 - $50,000 - $45,000

                                           = $45,000

This will be added to the opening owner's equity to get the closing owner's equity.

Owner's equity at the end of the​ year = $80,000 + $45,000  

                                                               = $125,000

The owner's equity for Precision Camera Services at the end of the year is $(120,000 - $40,000) + $140,000 - $50,000 - $45,000 = $125,000.

The subject of the question pertains to the financial structure of a business, specifically, the calculation of the amount of owner's equity at the end of the year. The owner's equity is computed by starting with total assets, subtracting total liabilities, and adjusting for any changes in owner's capital during the year such as revenues, expenses, and withdrawals.

In this case, we start with the initial assets of $120,000 and subtract the liabilities of $40,000, which yields an initial equity of $80,000. Following this, we add the year's revenues of $140,000 which increases equity to $220,000. Then, expenses of $50,000 and owner's withdrawals of $45,000 are deducted from the owner's equity, decreasing it to $125,000 ($220,000 - $50,000 - $45,000).

Therefore, for Precision Camera Services, the owner's equity at the end of the year is $125,000.

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Answer:

$8.5 cost per unit

Explanation:

Given that

Total direct materials costs = $127,500

Fixed cost = $75,000

Number of units produced = 15,000 units

So, the direct materials cost per unit would be

= Total direct materials costs ÷ Number of units produced

= $127,500 ÷ 15,000 units

= $8.5 cost per unit

By dividing the total direct material cost by the number of units produced we could find out the direct materials cost per unit