Answer:
C.
Explanation:
The change model was developed by Kurt Lewin. The model is divide into three steps: unfreezing, changing and refreezing.
According to this three-step model of Kurt, the step that represents the 'unfreezing' stage is option C.
The unfreezing stage of the change model helps people to gain an overview of daily life. It helps to unlearn the bad habits and adopt new and innovative ways to reach the goal or objectives.
So, according to the definition of the 'unfreezing' stage of the change model, the correct answer is option C as in this step, Kotter is creating a new vision or ways to reach the goal or vision.
In John Kotter's change model, the 'unfreezing' stage in Lewin's model corresponds to the first few steps, encapsulated best by the step that involves creating a new vision to direct change and strategies for achieving that vision.
Explanation:In John Kotter's eight-step plan for implementing change, the equivalent to the 'unfreezing' stage in Kurt Lewin's three-step model would most fittingly be 'Create a new vision to direct the change and strategies for achieving the vision'. This is because the unfreezing stage in Lewin's model entails getting ready to change, which involves making individuals or organizations aware of the necessity and impending nature of change, a criterion that aligns with creating a new vision for change.
However, it's important to note that Kotter's model is a more granular expansion on Lewin's model, and so doesn't map directly onto the three stages of Lewin's model. The unfreezing stage corresponds to the first few steps of Kotter's model, which collectively articulate the need for change and pave the way for it.
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Ningbo Steel had year end 2011 and 2012 retained earnings balances of $6,000,000 and $6,600,000 respectively. The firm paid $200,000 of dividends in 2012. Based on this information, Ningbo Steel’s net profit after taxes for 2012 was:
Answer:
$800,000
Explanation:
The retained earnings is the accumulated balance of the company's net income over the years. Movement between the opening retained earnings and the closing retained earnings of an organization is usually as a result of the net income/loss for the period and amount of dividend declared and paid during the period.
Opening retained earnings + net income - dividend = closing retained earnings
6,000,000 + net income - 200,000 = 6,600,000
net income = 6,600,000 + 200,000 - 6,000,000
net income = 800,000
All amounts are in $.
Ningbo Steel’s net profit after taxes for 2012 was $800,000
The net profit after taxes for Ningbo Steel in 2012 can be calculated by adding dividends paid to the increase in retained earnings. With the provided information, this gives us a total of $800,000.
Explanation:The question is looking for the net profit after taxes for 2012 for Ningbo Steel. The earnings balances of $6,000,000 in 2011 and $6,600,000 in 2012 indicate an increase in retained earnings of $600,000. The information provided also tells us that the firm paid dividends amounting to $200,000 in 2012. Net profit after tax is calculated by adding dividends paid to the increase in retained earnings, which, in this case, would be $600,000 (increase in retained earnings) + $200,000 (dividends paid) = $800,000. Therefore, the net profit after taxes for Ningbo Steel in 2012 was $800,000.
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Company X has offices around the globe. Its teams are separated by time, geographic distance, culture and/or organizational boundaries, and almost rely exclusively on technology for interaction between team members. Its teams are _____________.
Answer:
The correct answer is letter "A": virtual teams.
Explanation:
Virtual teams are groups of people physically located in different regions that are part of the same organization or even the same department who interact with each other through online based mediums such as computers or mobile devices via corporate chats, e-mails, phone calls, or videoconferences.
Regardless of the differences in time and cultures, virtual teams work towards achieving a common goal.
Multiple Choice Question 131 Wu and Mannis each sell 1/3 of their partnership interest to Patel, receiving $105300 each. At the time of the admission, each partner has a $313200 capital balance. The entry to record the admission of Patel will show a
Answer:
Credit, Patel Capital $210600: Debit Cash or Bank $210600.
Explanation:
There were no talk of revaluation after the admission so it would be treated as Patel bringing capital in cash which is left in the business;
Credit, Patel Capital $210600: Debit Cash or Bank $210600.
Final answer:
The entry to record Patel's admission to the partnership reflects Patel's investment amounting to $210,600, increasing Patel's capital in the partnership and decreasing Wu and Mannis's capital accounts accordingly.
Explanation:
The question involves a scenario where Wu and Mannis each sell 1/3 of their partnership interest to Patel for $105,300 each, and at the time of admission, each partner has a $313,200 capital balance. To record the admission of Patel into the partnership, the accounting entry should reflect Patel's investment in the partnership and the decrease in Wu and Mannis's capital accounts accordingly. Given the amounts mentioned, Patel's total investment would be $210,600 ($105,300 from Wu and $105,300 from Mannis), which would be recorded as an increase in the partnership's capital for Patel and a decrease for Wu and Mannis by their respective sold amounts.
What is the ROI of a project that requires investments of $500 in each of the first 3 years and yields an income of $120, $85, and $35 in each of the first 3 years?
Answer:
The ROI = 16%
Explanation:
The Return on investment or ROI is the ratio of the amount made as profit on an investment to the cost of the investment. It is the measure of the efficiency of an investment.
To calculate the ROI, we have to calculate the total benefits gotten on divide it by the total cost incurred in the investment. It is expressed in percentage
The formula is written as;
ROI = (present value of the investment - cost of the investment) ÷ cost of the investment
Remember that (present value of the investment - cost of the investment) is the benefit gotten on the amount invested;
current value of investment = $500 invested for each of the three years + $120 + $85 + $120
= $500 + $500 + $500 + $120 + $85 + $35 = $1,740
Cost of investment = $500 + $500 + $500 = ($1,500) because $500 was invested three times.
∴ ROI = (1,740 - 1500) ÷ 1500 = 240 ÷ 1500 = 0.16
converting to percentage, 0.16 = 16%.
Abel Corporation uses activity-based costing. The company makes two products: Product A and Product B. The annual production and sales of Product A is 340 units and of Product B is 680 units. There are three activity cost pools, with total cost and activity as follows: Total Activity Activity Cost Pools Total Cost Product A Product B Total Activity 1 $ 24,860 750 350 1,100 Activity 2 $ 35,040 1,800 1,400 3,200 Activity 3 $ 10,445 130 230 360 The activity rate for Activity 2 is closest to__________.
Answer:
depreciable amor 10.95 dollars per Activity 2 base cost object.
Explanation:
[tex]\frac{Activity\: Pool}{Activity \: base}= Activity\:Rate[/tex]
totoal expected cst: 35,040
activity 2 expected cost dirver Total 3,200
Activity rate: $35,040 cost pool / 3,200 driver expected amount = $10.95
Swifty Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCM) basis in valuing inventories. Net realizable Product Cost value A $129000 $126000 B 80000 72000 C 154000 155000 If Swifty applies the LCNRV basis, the value of the inventory reported on the balance sheet would bea. $338000. b. $355000. c. $362000. d. $345000.
Final answer:
The value of Swifty Company's inventory reported on the balance sheet under the lower-of-cost-or-net realizable value basis would be $352,000, which is the sum of the lower amounts between cost and net realizable value for each product: $126,000 for Product A, $72,000 for Product B, and $154,000 for Product C.
Explanation:
The question relates to the application of the lower-of-cost-or-net realizable value (LCNRV) basis for valuing inventories in a business context. According to the LCNRV rule, inventory items should be reported at the lower of either the historical cost or the net realizable value (the estimated selling price in the ordinary course of business, minus reasonably predictable costs of completion, disposal, and transportation). To determine the inventory value for Swifty Company, each product's cost must be compared to its net realizable value, and the lower amount must be used for inventory valuation on the balance sheet.
Product A: Cost $129,000, Net realizable value $126,000 - Use $126,000
Product B: Cost $80,000, Net realizable value $72,000 - Use $72,000
Product C: Cost $154,000, Net realizable value $155,000 - Use $154,000
Summing up these amounts, the total inventory value reported on the balance sheet would be $126,000 + $72,000 + $154,000 = $352,000. The correct option matches with answer choice (c) $352,000.
Eulis Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 1,190 2 1,090 3 1,540 4 1,900 If the discount rate is 10 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value $ What is the present value at 18 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value $ What is the present value at 24 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value $
Answer:
Present value when I is 10% = $4,437.39
Present value when I is 18% = $3,708.86
Present value when I is 24% = $3,279.93
Explanation:
Present value is the sum of discounted cash flows.
Present value can be calculated using a financial calculator
Cash flow for year 1 = $ 1,190
Cash flow for year 2= 1,090
Cash flow for year 3 = 1,540
Cash flow for year 4 = 1,900
Present value when I is 10% = $4,437.39
Present value when I is 18% = $3,708.86
Present value when I is 24% = $3,279.93
To find the PV using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
I hope my answer helps you
Final answer:
The present value of future cash flows is calculated by discounting those cash flows back to their value today, using the discount rate, and adding those discounted values together. For Eulis Co.'s investment project, each cash flow is discounted separately for each year, using the formula PV = Cash Flow / (1 + r)^n, where r is the discount rate and n is the number of periods. The process is repeated for each discount rate given to find the overall present value at each rate.
Explanation:
When we talk about the present value of future cash flows, we are essentially looking at how much a series of future payments is worth today, given a specific discount rate. The discount rate reflects the time value of money, essentially the opportunity cost of having money now versus later. To calculate the present value, we apply the following formula for each cash flow:
Present Value (PV) = Cash Flow / (1 + r)n
Where r is the discount rate and n is the number of periods until the payment.
Here are the present value calculations for the cash flows provided by the student at different discount rates:
Year 1 cash flow of $1,190 at 10%: PV = $1,190 / (1 + 0.10)1 = $1,081.82
Year 2 cash flow of $1,090 at 10%: PV = $1,090 / (1 + 0.10)2 = $900.83
Year 3 cash flow of $1,540 at 10%: PV = $1,540 / (1 + 0.10)3 = $1,159.69
Year 4 cash flow of $1,900 at 10%: PV = $1,900 / (1 + 0.10)4 = $1,266.51
Adding up these values, the total present value at a 10% discount rate is: $1,081.82 + $900.83 + $1,159.69 + $1,266.51 = $4,408.85
To find the present values at 18% and 24%, the same method is applied, just changing the discount rate (r) accordingly.
Remember not to round intermediate calculations, and only round your final answer to two decimal places.
Blossom, Inc. had net sales in 2017 of $1,504,300. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $263,900 debit, and Allowance for Doubtful Accounts $3,070 credit. If Blossom estimates that 7% of its receivables will prove to be uncollectible.Prepare the December 31, 2017, journal entry to record bad debt expense.
Explanation:
Data given in the question
Net sales = $1,504,300
Account receivable = $263,900
Credit balance Allowance for doubtful debts = $3,070
So, the journal entry to record the bad debt expense is shown below:
Bad debt expense A/c Dr $15,403
To Allowance for doubtful debts $15,403
(Being bad debt expense is recorded)
The computation of the bad debt expense is shown below:
= (Accounts receivable × estimated percentage given ) - (credit balance of Allowance for Doubtful Accounts)
= ($263,900 × 7%) - ($3,070)
= $18,473 - $3,070
= $15,403
Chuck Sox makes wooden boxes in which to ship motorcycles. Chuck and his three employees invest a total of 40 hours per day making the 120 boxes. a) What is their productivity? b) Chuck and his employees have discussed redesigning the process to improve efficiency. If they can increase the rate to 125 per day, what will be their new productivity? c) What will be their unit increase in productivity per hour? d) What will be their percentage change in productivity?
Answer:
Production = 120 boxes
Efforts : 4 people multiply 10 hrs each per day = 40 hr per day
a) Productivity = production per unit time per person = 120/40 = 3 boxes per hr per person
b) new production = 125 boxes per day
New productivity = 125/40 = 3.125 boxes per hr per person
c) unit increase in productivity per hour = (3.125-3) = 0.125 box per hr per person = 0.125 multiply with 4 = 0.5 box per hr
d) percentage change in productivity = [tex](3.125-3) / 3 * 100[/tex] = 4.16%
In accordance with its established billing rates, Alpha Hospital provided services amounting to $14 million during the year ended December 31, 2018. The hospital's best estimate of transaction price included contractual adjustments of $3 million and charity patient care of $1 million. What amount should Alpha report as patient service revenue in its year 2018 operating statement?
Answer:
$10,000,000
Explanation:
Given:
Total service provided amount = $14,000,000
Contractual adjustments = $3,000,000
Charity to patient care = $1,000,000
Total Revenue for year 2018 = ?
Computation of Total Revenue for year 2018 :
Total Revenue for year 2018 = Total service provided amount - (Contractual adjustments + Charity to patient care)
Total Revenue for year 2018 = $14,000,000 - ($3,000,000 + $1,000,000)
Total Revenue for year 2018 = $14,000,000 - ($4,000,000)
Total Revenue for year 2018 = $10,000,000
hat is the approximate dollar cost of the tuition and other fees associated with the economics course you are taking? Does this dollar cost fully reflect the opportunity cost to you of taking the cou
Answer:
To answer this question, we have to determine if the full cost of the economics course you are taking is higher or lower than the opportunity costs associated with taking the course.
Explanation:
For example, suppose that the cost of the economics course is $1,000 per month, and the course takes 4 hours a week. If instead of taking the course, you obtained a job that paid $100 an hour, the opportunity cost would be $1,600 ($100 an hour x 4 hours a week x 4 weeks). Therefore, the opportunity cost would be higher than the cost of tuition.
However, the future monetary benefits of taking the economics course could be way higher than the $1,600.
The approximate dollar cost of an economics course varies but can range from $1,500 to $6,000. However, the dollar cost does not fully reflect the opportunity cost, which includes potential income and other activities forgone. Both the dollar cost and opportunity cost should be considered when making decisions about courses.
Explanation:The approximate dollar cost of the tuition and other fees associated with the economics course varies depending on the specific college or university you are attending. However, on average, the cost can range from $500 to $2,000 per credit hour. For a typical economics course with around three credit hours, the approximate cost would be between $1,500 to $6,000.
The dollar cost of the course does not fully reflect the opportunity cost of taking the course. Opportunity cost refers to the value of the next best alternative that is forgone when making a choice. In the case of taking the economics course, the opportunity cost could be the potential income you could have earned by working instead of studying, or the time and effort you could have invested in pursuing other activities or courses.
It is important to consider both the dollar cost and the opportunity cost when making decisions about which courses to take and how to allocate your resources.
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Panda Inc. had total sales of $24,000 from bamboo bowls in 2017. The company sold 6,000 units of bamboo bowls and the total variable costs were $6,000. What is the %C of each bamboo bowl?
Answer:
Contribution percent = 75%
Explanation:
Given:
Total sales = $24,000
Total Variable cost = $6,000
Total units = 6,000
Contribution percent = ?
Computation of Contribution :
Contribution = Total sales - Total Variable cost
Contribution = $24,000 - $6,000
Contribution = $18,000
Computation of Contribution percent :
Contribution percent = Contribution / Total sales
Contribution percent = 18,000 / 24,000
Contribution percent = 0.75
Contribution percent = 75%
Consider a risky portfolio. The end-of-year cash flow derived from the portfolio will be either $50,000 or $140,000, with equal probabilities of 0.5. The alternative riskless investment in T-bills pays 6%. a. If you require a risk premium of 11%, how much will you be willing to pay for the portfolio? (Round your answer to the nearest dollar amount.)
Answer:
$95,000
Explanation:
We are to Consider a risky portfolio, that at the end-of-year cash flow derived from the portfolio will be either $50,000 or $140,000, with equal probabilities of 0.5.
That means;
the portfolio may generate either $50,000 or $140,000
Let the cash flow in the scenario 1 = $50,000
Let the cash flow in the scenario 2 = $140,000
For both scenario; the probability is the same = 0.5
The amount that the investor will be willing to pay for the portfolio is the (Expected cash from portfolio) which can be calculated as follows:
Expected cash from portfolio = [tex]CF_{S1} *p_{(s_1)}+CF_{S2}*p_{(s_2)}[/tex]
where:
[tex]CF_{S1}[/tex] = Expected cash flow at the end of year in scenario 1 = $50,000
[tex]CF_{S2}[/tex] = Expected cash flow at the end of year in scenario 2 = $140,000
[tex]p_{(s_1)}[/tex] = probability of occurrence of scenario 1 = 0.5
[tex]p_{(s_2)}[/tex] = probability of occurrence of scenario 2 = 0,5
NOW;
Expected cash from portfolio = ($50,000× 0.5)+ ($140,000×0.5)
Expected cash from portfolio = $25,000 + $70,000
Expected cash from portfolio = $95,000
Thus, as an investor, I will be willing to pay $95,000 for the portfolio.
Each plate consists of 6 characters: 3 numbers followed by 3 letters. You are allowed to have repetitions of letters and numbers. Find the probability that a randomly chosen license plate has_____________.
Answer:
Hi your question is incomplete but the two possible scenarios would be the probability of a randomly chosen license plate having repeated numbers or repeated letters since the repetitions of letters and numbers are allowed
probability for a license plate with repeated numbers will be = 0.0056%probability for a license plate with repeated letters will be = 0.1%Explanation:
If each plate consists of 6 characters which includes 3 numbers and 3 letters
The total number of plates that can be formed using this combination ( including repetition of number and letters ) will be
possible occurrence of letters = 26 ( a - z )
possible occurrence of numbers = 10 ( 0 - 9)
number of letters given = 3
number of digits given = 3
Hence total possible occurrence of letters will be ( possible occurrence of letters³(number of letters given) )
= 26*26*26 = 17576
Total possible occurrence of numbers will be ( possible occurrence of numbers³(number of digits given))
= 10*10*10 = 1000
The total number of plates that can be formed using the combination of 3 numbers followed by 3 letters will be
= 17576 * 1000 = 17576000
probability of repeated numbers = 1000 / 17576000 = 0.0056%
probability of repeated letters = 17576 / 17576000 = 0.1 %
Mercury Inc., an American multinational corporation, is currently planning to enter the promising consumer goods market in India. The firm will most likely discover that ________ beliefs and values are more open to change in India.a) inheritedb) secondaryc) primaryd) coree) traditional
Answer:
b). Secondary
Explanation:
As Mercury Inc. which is an American multinational corporation, is currently planning to enter the promising consumer goods market in India. The firm will most likely discover that secondary beliefs and values are more open to change in India. Inherited, primary and traditional beliefs and values are very much harder to change, which takes lot of time, it can take antire generations even to change them, whereas, secondary beliefs and values are easier to mold, manipulate and change. For example, one should merry in his or her is a primary belief but when one should get married is a secondary belief which can be changed quite easily but changing the primary values is almost very much impossible becasue it can take years and years of efforts.
Grateful Eight Co. is expected to maintain a constant 3.8 percent growth rate in its dividends indefinitely. If the company has a dividend yield of 5.6 percent, what is the required return on the company’s stock?
Answer: 0.094
Explanation:
The required return of a stock consists of two parts which are the dividend yield and the capital gains yield. Therefore, the required return of this stock is:
R = Dividend yield + Capital gains yield
R = 0.056 + 0.038
R = 0.094 or 9.40%
Raising an existing tariff on grapes from Argentina will: Group of answer choices increase domestic production of grapes. increase total American consumption of grapes. increase American consumption of domestically produced grapes. increase American imports of grapes from Argentina
Answer:
Raising an existing tariff on grapes from Argentina will increase domestic production of grapes, as well as increase American consumption of domestically produced grapes.
Explanation:
Tariffs are basically taxes established by the federal government, which are imposed on the importation of certain products produced abroad. These tariffs have the primary objective of discouraging the purchase of certain products from certain countries, either to promote local production or to limit trade with a specific country (for example, in the case of the trade war with China carried out by President Trump).
In the event that a tariff on Argentinian grapes is raised, this would increase the cost of importation, making it more viable for consumers to buy the grapes produced in the domestic market, which would boost the production of this fruit by part of the American producers, with which the market would begin to consume more quantity of grapes produced in the United States.
Raising an existing tariff on grapes from Argentina will increase domestic production of grapes, as well as increase American consumption of domestically produced grapes. The correct option is a and c.
Most countries' natural assets and capacity to produce certain products and services are limited. They trade with other countries to meet the needs and demands of their people. However, trade is not always conducted amicably between trading partners. Policies, geopolitics, competition, as well as a variety of other factors can irritate trading partners.
Tariffs are one way governments handle trading partners with whom they disagree. Tariffs are taxes levied by one country on goods and services imported to another country in order to influence it, raise revenue, or protect competitive advantages.
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During December, Krause Chemical Company had the following selected data concerning the manufacture of Xyzine, an industrial cleaner: Production Flow Physical Units Completed and transferred to the next department 100 Add: Ending work in process inventory 10 (40% complete as to conversion) Total units to account for 110 Less: Beginning work in process inventory 20 (60% complete as to conversion) Units started during December 90 All materials are added at the beginning of processing in this department, and conversion costs are added uniformly during the process. The beginning work in process inventory had $120 of raw materials and $180 of conversion costs incurred. Materials added during December were $540, and conversion costs of $1,484 were incurred. Krause uses the first-in, first-out (FIFO) process cost method. The equivalent units of production used to compute conversion costs for December were: a.110 units. b.104 units. c.100 units. d.92 units.
Answer:
d.92 units.
Explanation:
Completed untis +
complete portion of ending WIP less
complete portion of beginning WIP
Completed and trasnferred 100
ending work in process_ 10 units x 40% = 4 units
beginning inventory 20 units x 60% complete (12) units
Equivalent Units for conversion 92
Final answer:
To calculate the equivalent units of production for conversion costs under the FIFO method, consider only the units completed and transferred and the ending work in process inventory, leading to a total of 104 equivalent units.
Explanation:
To find the equivalent units of production for conversion costs in December under the FIFO method, let's break down the process step-by-step.
First, determine the units completed and transferred, which are 100 units; these would have been 100% completed in terms of conversion during December.Next, consider the ending work in process inventory, which is 10 units at 40% completion. This adds up to 4 equivalent units for conversion costs.The beginning inventory was 20 units at 60% completion. Since we are using the FIFO method, these units had their conversion costs from the previous period, and only the work done on the other units during December matters. This means the beginning inventory doesn’t add to December’s calculation for equivalent units regarding conversion costs.Therefore, the equivalent units of production for conversion costs are the 100 units completed and transferred plus the 4 equivalent units from the ending inventory, which totals to 104 units.The correct answer is b. 104 units.
You have just won the lottery and will receive a lump sum payment of $22.57 million after taxes. Instead of immediately spending your money, you plan to deposit all of the money into an account that will earn 4.84 percent. If you make equal annual withdrawals for the next 30 years, how much can you withdraw each year starting exactly one year from now?
Answer:
I will withdraw $1,441,542.
Explanation:
Wquivalent annual annuity is the amount equally received or paid with investment on a specified rate including interest and its compouding effect as well.
PV of Annuity (NPV) = Payment (EAA) × [ (1 − (1 + r)-n / r ]
22,570,000 = EAA × [ ( 1 − ( 1 + 4.84% )^-30 / 4.84% ]
22,570,000 = EAA × [ ( 1 − ( 1 + 0.0484 )^-30 / 0.0484 ]
22,570,000 = EAA × [ ( 1 − ( 1.0484 )^-30 / 0.0484 ]
22,570,000 = EAA × 15.65685
EAA = 22,570,000 / 15.65685
EAA = $1,441,541.56
EAA = $1,441,542
The Burn Right company sells outdoor grills and fireplaces. It decided to focus its marketing on the single market segment of tailgaters. This allowed Burn Right to dive in deep and analyze the wants and needs of tailgaters. They discovered tailgaters’ ideal product features included quick startup, consistent heat, indication when fuel is low, a cool-to-touch handle, and easy portability. This marketing segmentation strategy Burn Right took is known as a:
A.) multisegment strategy
B.) diffused strategy
C.) concertration strategy
Answer:
c. concentration strategy
Explanation:
Concentration strategy -
It refers to the strategy in which the focus of the business is only on the single specific good or market , is referred to as the concentration strategy .
This strategy enables to concentrate most the knowledge and resources on a certain good , which is in demand or is helpful for the future profit .
The risk as well as profit margin is very high in this strategy .
Hence , from the given scenario of the question ,
The correct answer is c. concentration strategy .
Burn Right's marketing strategy is called a concentration strategy, which involves targeting a specific market segment and meeting their specific wants and needs.
Explanation:The marketing segmentation strategy that Burn Right took, which focuses on a single market segment, is known as a concentration strategy. This strategy involves targeting a specific group of customers and tailoring the company's products and marketing efforts to meet their specific wants and needs. By analyzing the wants and needs of tailgaters, Burn Right was able to identify the ideal product features and create a product that is attractive to this specific market segment.
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Avoiding the most common sentence faults helps you maintain professional credibility and craft more effective messages. Select the correct version of each pair of the following sentences. a. Local markets have become saturated companies now look to other countries for further expansion. b. Local markets have become saturated, so companies now look to other countries for further expansion. c. If you can write well; you can represent your company well. d. If you can write well, you can represent your company well. e. Employees today are hired for their knowledge as well as their ability to learn new things. f. Employees today are hired for their knowledge. As well as their ability to learn new things. g. The communication process works fluidly. h. It moves from one step to the next often without pause. i. The communication process works fluidly it moves from one step to the next often without pause. j. Convey your ideas clearly; use precise wording. k. Convey your ideas clearly, use precise wording.
Final answer:
Selecting the correct sentence helps maintain professionalism and effective communication. Options b, d, e, g, h, and j are the corrected sentences. They illustrate proper punctuation, sentence structure, and avoidance of run-on sentences and comma splices.
Explanation:
Avoiding common sentence faults is crucial for maintaining professional credibility and crafting effective messages. When selecting the correct version of each pair of sentences, it's important to recognize and correct sentence faults such as comma splices, run-on sentences, and improper punctuation. Here are the corrected choices that avoid these common errors:
b. Local markets have become saturated, so companies now look to other countries for further expansion.
d. If you can write well, you can represent your company well.
e. Employees today are hired for their knowledge as well as their ability to learn new things.
g. The communication process works fluidly.
h. It moves from one step to the next often without pause.
j. Convey your ideas clearly; use precise wording.
It's important to combine sentences effectively for richer meaning, balance sentence lengths and types to engage the audience, and revise sentences to reduce wordiness and improve flow. Correct use of standard English demonstrates education and professionalism and can positively influence your career and social interactions. Editing for brevity by omitting needless words improves clarity and impact.
The newspaper reported last week that Bennington Enterprises earned $28 million this year. The report also stated that the firm�s return on equity is 15 percent. Bennington retains 70 percent of its earnings.
Required:
(a)
What is the firm's earnings growth rate?
(b)
What will firm's next year's earnings be?
Answer: a). Firm's growth rate = 10.5%
b). Next year's earnings = $30,940,000.00
Explanation: Earnings growth rate is the percentage change in earnings given specific variables.
The firm's earnings growth rate g = Return on equity (ROE) × Retained earnings (b) = 0.15(0.70)
g =0.105 or 10.5%
In finding next year's earnings, we multiply the current earnings times one plus the growth rate.
Next year's earnings = Current earnings(1 + g)
Next year's earnings = 28,000,000(1 + 0.105)
Next year's earnings = $30,940,000.00
Answer:
The firm's earnings growth rate is 10.5%
Firm next year's earnings is $30.94 million
Explanation:
The formula for earnings growth rate is given as returns on equity multiplied by retained earnings
return on equity is given as 15%
retained earnings =$28 million *70%
Retained earnings=$19.6 million
Earnings growth rate=70%*15%
Earnings growth rate =10.50%
Firm next year's earnings =this year earnings*(1+earnings growth rate)
Firm next year's earnings =$28m*(1+0.105)
=$30.94 million
Retained earnings next year could be computed $30.94*70%=$21.66 million
Since the earnings next year is believed to increase to $30.94 million, it implies that even though the payout as dividends is not increasing in percentage terms but increasing in dollar terms
Penny is seen organizing racks at a local clothing store one day while she shops, and the manager offers her a job. The next day, Penny’s boss from the clothing store across the street comes in and accuses the manager of trying to interfere with Penny’s non-competition agreement. Which of the following is true?
The manager has done nothing wrong because non-competition agreements are never used in clothing retail.
The manager has committed legitimate interference with a contractual relationship
The manager is interfering with Penny’s business relationship with her boss.
The manager has done nothing wrong.
Answer:
The manager has done nothing wrong
Explanation:
The manager has done nothing wrong because there is no indication of a non competition agreement between penny and her boss and even if there was, the manager was not aware that penny was working somewhere else as at the time of making the offer.
Scott says about his employees, "They might not always make the choice that I would make. Sometimes they make a better one." From this statement, you can infer that Barcelona is:
a. A centralized organization
b. Best adapted to a very stable environment
c. An organization with little accountability
d. A decentralized organization
Answer:
Letter d is correct. A descentralized organization.
Explanation:
Through the information contained in this question, we can conclude that Barcelona is a decentralized organization.
This type of administration consists of a decision-making policy where the lowest hierarchical levels are also allowed to participate in important company decisions, so the power of decision-making is delegated to different levels in the organization and not just to the most senior positions. high in the organizational hierarchy.
Some advantages of decentralization include greater flexibility and autonomy for employees, greater skill development, increased innovation, motivation and teamwork.
An investor wishes to construct a portfolio consisting of a 70% allocation to a stock index and a 30% allocation to a risk free asset. The return on the risk-free asset is 4.5% and the expected return on the stock index is 12%. The standard deviation of returns on the stock index 6%. Calculate the expected return on the portfolio and the expected standard deviation of the portfolio.
Answer:
9.75%
4.2%
Explanation:
Given:
Stock index portfolio = 70% = 70/100 = 0.70
Risk free asset = 30% = 30/100 = 0.30
Return on the risk-free asset = 4.5% = 4.5/100 = 0.045
Return on the stock index = 12% = 12/100 = 0.12
Standard deviation (Return on the stock index) = 6% = 6/100 = 0.06
Computation of expected return on the portfolio:
Expected return = [Risk free asset × Return on the risk-free asset ] + [Stock index portfolio × Return on the stock index ]
= [0.3 × 4.5] + [0.7 × 12]
= [1.35 + 8.4]
= 9.75%
Computation of expected standard deviation of the portfolio:
Expected standard deviation = [Stock index portfolio × Standard deviation (Return on the stock index)]
= 0.7× 6
= 4.2%
The expected return on the portfolio is 9.75%, and the expected standard deviation of the portfolio is 3.6%.
To calculate the expected return and standard deviation of a portfolio consisting of a 70% allocation to a stock index and a 30% allocation to a risk-free asset, we can use the following formulas:
1. Expected return on the portfolio:
[tex]\[ E(R_p) = w_1 \times E(R_1) + w_2 \times E(R_2) \][/tex]
where:
- [tex]\( E(R_p) \)[/tex] is the expected return on the portfolio.
- [tex]\( w_1 \) and \( w_2 \)[/tex] are the weights of the stock index and risk-free asset, respectively (0.7 and 0.3 in this case).
- [tex]\( E(R_1) \)[/tex]is the expected return on the stock index (12%).
- [tex]\( E(R_2) \)[/tex] is the expected return on the risk-free asset (4.5%).
2. Expected standard deviation of the portfolio:
[tex]\[ \sigma_p = \sqrt{w_1^2 \times \sigma_1^2 + w_2^2 \times \sigma_2^2 + 2 \times w_1 \times w_2 \times \rho_{12} \times \sigma_1 \times \sigma_2} \][/tex]
where:
- [tex]\( \sigma_p \)[/tex] is the expected standard deviation of the portfolio.
- [tex]\( \sigma_1 \)[/tex] is the standard deviation of returns on the stock index (6%).
- [tex]\( \sigma_2 \)[/tex] is the standard deviation of returns on the risk-free asset (0 since it's risk-free).
- [tex]\( \rho_{12} \)[/tex] is the correlation coefficient between the stock index and the risk-free asset (0 since the risk-free asset has no volatility).
Now, let's plug in the values and calculate:
1. Expected return on the portfolio:
[tex]\[ E(R_p) = 0.7 \times 12\% + 0.3 \times 4.5\% \]\[ E(R_p) = 8.4\% + 1.35\% \]\[ E(R_p) = 9.75\% \][/tex]
2. Expected standard deviation of the portfolio:
[tex]\[ \sigma_p = \sqrt{(0.7)^2 \times (6\%)^2 + (0.3)^2 \times (0)^2 + 2 \times 0.7 \times 0.3 \times 0 \times 6\% \times 0\%} \]\[ \sigma_p = \sqrt{0.36 \times 0.0036 + 0 + 0} \]\[ \sigma_p = \sqrt{0.001296} \]\[ \sigma_p = 0.036 \text{ or } 3.6\% \][/tex]
Therefore, the expected return on the portfolio is 9.75%, and the expected standard deviation of the portfolio is 3.6%.
Associated Breweries is planning to market unleaded beer. To finance the venture, it proposes to make a rights issue with a subscription price of $10. One new share can be purchased for each two shares held. The company currently has outstanding 100,000 shares priced at $40 a share. Assuming that the new money is invested to earn a fair return, give values for the following: (Do not round intermediate calculations. Enter your answers in dollars not millions.)
Associated Breweries can raise $500,000 from the proposed rights issue priced at $10 per share, given there are 100,000 shares outstanding. However, to determine the value of the rights issue and the investment in unleaded beer, it's important to consider the price point for the beer, market competition, and potential return for the investors.
Explanation:Associated Breweries is proposing a rights issue to raise funds for their new unleaded beer venture. The subscription price is $10 which means this is the price that shareholders will have to pay for the new shares. With rights issue, one new share can be purchased for each two shares held. Because there are 100,000 shares outstanding priced at $40 a share, if each shareholder bought the new shares, the company would raise $500,000. However, the new money needs to earn a fair return.
In terms of the cost of unleaded gasoline in the Bay Area, this is not relevant to this business scenario. Instead, the company would want to consider the price point for the unleaded beer, market competition, and potential return for their investors. Understanding these factors can help determine the value of their rights issue and the investment in unleaded beer.
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Compare the way a multinational firm organizes the marketing research effort with the way a global or transnational firm approaches the organizing issue.
Answer:
Multinational firm operates in many countries and in all those countries, it organizes marketing research the same way as it has a centralized system in one head office country. Marketing research is done through a one system central approach and decisions are taken by the head office or parent.
Transnational firm operates in many states but without a central system and marketing research relates to a single unique market environment so each firm in each country has its own market research.
Explanation:
There are different ways in organizing research. The Multinational approach often adopt a very flexible way to their international services or operations through the act of;
Modifying their productsUsing strategies, andGood management practices in country by country.when compare to the Transnational approach, the is one approach that all companies loves. The aim or approach is to emerge as a companies so as to be responsive to local needs even when handling the benefits of global efficiency. It uses Translational Strategic Mentality. They aim to excel in global chess and be in charge of their game.
There are different ways in organizing research. the way a multinational firm organizes the marketing research effort are;
The firms often Locate and Define the various Issues or Problems that is before them. They do set up or design the Market Research Project. Firms Collect Data relating to the project Interpretation of the Research Data as soon as possibleThe Report Research Findings to the firm.Learn more about multinational firm from
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Near the end of 2018, Byron realizes that he has a net short-term capital loss of $13,000 for the year. Byron has taxable income (not including the loss) of $123,000 and is single. He owns numerous stocks that could be sold for a long-term capital gain.
a. What should he do before the end of 2018?
Solution:
Short-term capital loss of $13,000
Taxable income (not including the loss) of $123,000
He has several inventories, which can be marketed for a long-term profit.
Since Byron can only deduct $3,000 for the capital loss he must sell stock at a capital gain of $10,000 to offset the amount over the $3,000 deduction maximum.
James Reston offered, via letter, to sell his mountain cabin to Jennifer Olsen for $375,000. Before Jennifer could respond, Reston died suddenly. What happens with the offer? a. The offer terminated with Reston's death. b. The offer is enforceable against the estate of Reston. c. The offer remains open until Reston's estate revokes it. d. Jennifer still has the power of acceptance for a reasonable period of time after Reston's death.
Answer:
A. The offer terminated with Reston's death.
Explanation:
According to the contract law, both parties have to agree with each other in terms of opinion and contract. The contractual agreement should be either mutually written or orally bound to become legal. In that case, James only offered to sell the mountain cabin to Jennifer. Since Jennifer did not respond whether to purchase it from James or not, it could not be a contract. Therefore, the option A is correct.
The offer for the sale of the A. cabin terminated upon James Reston's death, as an offer cannot typically be enforced or remain open after the offeror is deceased.
When James Reston offered to sell his mountain cabin and then died suddenly before Jennifer Olsen could respond, the legal status of the offer becomes an important question. The general rule in contract law is that an offer is terminated when the offeror dies. This is because an offer is a personal legal obligation that cannot be enforced once the individual who made the offer is deceased.
Therefore, the correct response is that the offer terminated with Reston's death. It is not enforceable against Reston's estate, nor does it remain open for acceptance. Jennifer does not retain any power of acceptance due to the principle that an offer cannot survive the death of the offeror.
Bid-rigging has all of these features EXCEPT a. The bid-riggers pay a smaller amount than without bid-rigging b. It is a collusive agreement c. Bid-riggers need an auxiliary mechanism to allocate the good within the bid-riggers d. Bid rigging is usually a legitimate and legal strategy for the buyer-side
Answer: D
Explanation: Bid rigging is usually a legitimate and legal strategy for the buyer‐side
Final answer:
Bid-rigging is an illegal collusion practice where bidders conspire to fix bids to determine a pre-arranged winner, disrupting the competitive nature of the bidding process, leading to higher costs and often a reduction in quality. However, its defining features do not include being a legitimate or legal strategy, as bid-rigging is indeed illegal and unethical.
Explanation:
Bid-rigging involves a conspiratorial and illegal practice in which bidders agree beforehand on how to place their bids during an auction or a tender process. This form of collusion among bidders undermines the principle of competitive bidding, as participants manipulate the outcome of the bidding to ensure a pre-determined winner, rather than allowing the process to be decided by who offers the best combination of price and quality. These schemes often require complex coordination and secretive communication among the parties involved. Characteristics of bid-rigging include:
Participants agree to submit bids that are either too high or too low, effectively allowing one pre-selected bidder to win.An auxiliary mechanism is needed to ensure all conspirators honor their illegal agreements often involving mechanisms like rotation or compensation bids.Due to the collusion, the buyer, often a government or large organization, pays more than they would have in a fair, competitive process.However, one feature that does not characterize bid-rigging is its legitimacy; contrary to being a legal strategy, bid-rigging is illegal and unethical, typically leading to inflated prices and reduced quality of goods or services.