One of the competitive dimensions that form the competitive position of a company when planning their strategies is making the best trade-off. True or False True False

Answers

Answer 1

Answer:

True.

Explanation:

Competitive dimensions are strategies that businesses use to achieve competitive advantage in the industry. For example if a company makes quick service delivery a tool to differentiate its services from others.

Competitive dimensions include low cost, flexibility, delivery, and quality.

When a company makes the best trade off it chooses the best option that will better drive it's success in the industry.

Answer 2

Answer: False

Explanation: A competitive strategy is a long-term plan of action that businesses create and adhere to in order to achieve a competitive advantage over their competitors after examining and reviewing their strengths and weaknesses and comparing them to their competitors. It is aimed at creating defensive position in an industry and generating a superior revenue, profits, returns on investment, customers etc. Competitive dimensions that there are include: Cost of Price, Quality, Delivery Speed, Delivery Reliability, Coping with Changes in Demand, Flexibility and New Product Introduction Speed.


Related Questions

Spears Co. will receive SF1,000,000 in 30 days. Use the following information to determine the total dollar amount received (after accounting for the option premium) if the firm purchases and exercises a put option: Exercise price Premium Spot rate Expected spot rate in 30 days 30-day forward rate $.61 $.02 $.60 $.56 $.62

a. $610,000
b. $630,000
c. $590,000
d. $600,000

Answers

Answer:

Total dollar amount received=$590,000

Option C is correct ($590,000)

Explanation:

Given Data:

Exercise Price=$0.61

Premium Price=$0.02

Spot Rate=$0.60

Expected spot rate in 30 days=$.56

30-day forward rate =$0.62

Required:

Total dollar amount received=?

Solution:

We have to account for premium:

Total dollar amount received=(Exercise Price-Premium Price)*SF1,000,000

Total dollar amount received=($0.61-$0.02)*SF1,000,000

Total dollar amount received=$590,000

Option C is correct ($590,000)

Answer:

C)$59000

Explanation:

We will use the 30 day forward rate to calculate the amount in dollars and also account for the premium and it is a put option we subtract  the premium

Firstly subtract the premium and put uses the exercise price

$0.61-$0.02=$0.59

=SF1000000*($0.59)

=$590000

Enercio contributes $100,000 in exchange for a 40% interest in the calendar year ABC LLC, which is taxed as a partnership. In 2015, the LLC generates $80,000 of ordinary taxable income. Enercio withdrew $10,000 from the partnership during 2015. Enercio is taxed on what amount of the LLC's 2015 income? On how much of the $10,000 distribution will Enercio be taxed?

Answers

Answer:

A. $32,000

B. $0

Explanation: Limited Liability Partnership is a partnership that combines the corporate benefit of limited liability for the owners with the benefits of partnership taxation, including the single level of tax and special allocations of income, losses, and cash flows.

Enercio contribution= $100,000

Ordinary income =(40% X 80,000)

Enercio withdrawal = $10,000

Partner's Basis:

(contribution + ordinary income - withdrawal )

=($100,000 + ( 40% X 80,000 ) - $10,000)

= ( $100,000 + $32,000 - $10,000)

= $122,000 basis

A. Enercio will only be taxed on its proportion of the ordinary income that is ($80,000 X 40%)= $32,000

B. Partners do not pay tax on

withdrawals. You will only pay tax on a withdrawal if you withdraw more than your personal basis.

Answer:

a) Enercio is taxed on $32,000 of the LLC's income

b) There will be no taxation on the $10,000 withdrawn

Explanation:

There are two events in the business

The first event is that Enercio contributes $100,000 to make up for 40% of the interest of ABC LLC

The second event is the withdrawal of $10,000 during the year 2015

Answer

1) From the partnership income of $80,000, Enercio will be taxed his full 40% of the income. Meaning he will be taxed 0.4 x $80,000 = $32,000. In other words, his full 40% of the income will stil be taxed regardless of the withdrawal

2) from the $10,000 collected, there will be no taxation because it is regarded as just a regular withdrawal by Enercio from the partnership.

A call option on Brocklehurst Corp. has an exercise price of $30. The current stock price of Brocklehurst Corp. is $32. The call option is _________. at the money in the money out of the money knocked in

Answers

Answer:

In the Money.

Explanation:A call option is an option contract for Securities, where the buyer has the right to buy a particular Security at a given amount on or before a given date.

A STOCK IS ALSO KNOWN AS A SHARE WHICH MEANS A PART OF A PUBLIC COMPANY WHICH HAS BEEN BOUGHT BY ANOTHER PERSON OR AN ENTITY IT CAN ALSO BE CALLED AN INVESTMENT MADE INTO ANOTHER ENTITY.

At $30 exercise price and $32 current stock price,the call option is in the money.

Answer: in the money

Explanation: when the strike price (exercise price) is lower than the current market price of the underlying asset. In this scenario, since the exercise price of the call option is $30 and the current stock price is $32, the option is in the money because it allows the holder to buy the stock at a lower price ($30) than the current market price ($32).

Blair Automotive performed mechanic services for two customers. The first customer owed $5,280 for services, so Blair Automotive made them sign a written promise to pay in full after six months with an annual interest rate of 3.5%. The second customer owed $326 for services, so Blair Automotive plans to send them a bill within the next two weeks, due within 30 days of receipt of the bill. What is the difference between these two transactions

Answers

Answer:

The first transaction will be recorded as a note receivable, whereas the second transaction will be recorded as an account receivable.

Explanation:

The first transaction is a note recievable which is a credit instrument that requires the debtor to pay interest. The period for repayment bis usually above 30 days. Blair Automotive made the first customer sign a written promise to pay in full after six months with an annual interest rate of 3.5%.

The second transaction is an account recievable which are claims for payment that is raised by a business for delivery of products and services, it is payable within an agreed time frame. Accounts receivable does not attract interest payment. Blair Automotive sends the second customer a bill within the next two weeks, due within 30 days of receipt of the bill.

U.S. residents accounted for over 75 percent of cruise ship passengers, and U.S. ports had 8 million passengers leaving on cruises in 2004. The growth in cruise travel was phenomenal after the terrorist attacks on September 11, 2001. According to a situational analysis, this event created an _____ for the industry.

Answers

Answer: External opportunity

Explanation:

External opportunities are legal, political, economical, social, technological, environmental and cultural factors that may benefit an organization. External opportunities are beyond the control the organization.

In the scenario illustrated, the act of terrorism in the United States on 11th September 2001, led to a growth in cruise travel. This is an example of external opportunity as the growth wasn't caused by an internal factor.

Find a journal article online about a company that recently added or dropped a product or service, or a company that decided to outsource. In the subject line of your post, include the name of the article that you read. Post a link to that article with your initial post, and provide a summary and a reaction to the article. The summary should be approximately 250 words, and the reaction should be approximately 150 words. The summary should describe the major points of the article, and the reaction should demonstrate your interpretation of the article and how you can apply that knowledge. Do not choose an article that one of your classmates has already posted. To participate in follow-up discussion, choose one of the articles that a classmate has posted and provide your own reaction to it.

Answers

Although we cannot perform the research for you, and the reaction is a personal question that only you can answer, we can provide an example of a company that recently dropped a product or service.

An example of this is the lingerie company Victoria's Secret. Victoria's Secret has decided to drop its annual fashion show. This was an iconic part of the company, and the move came after the company argued that it wanted to revitalize and modernize its approach to the current market.

In a closed​ economy, the values for​ GDP, consumption​spending, investment​ spending, transfer​payments, and taxes are as​ follows:

Y​ =$12 trillion.


C= $9 trillion


I=$ 3 trillion


TR=$2 trillion


T= $ 3 trillion


Using the information​ above, what is the value of private saving and public​ saving?


A. private saving equal $9 trillion and public saving equal $ 3 trillion.


B. private saving equal $1 trillion and public saving equal $ 2 trillion.


C. private saving equal $2 trillion and public saving equal $ 1 trillion.


D private saving equal $3 trillion and public saving equal $ 9 trillion.

Answers

Answer:

Option (C) is correct.

Explanation:

Private saving refers to the savings of the households which cannot be used for the consumption and tax payment.

Public saving refers to the savings of the government.

Private savings:

= Income - Consumption - Taxes + Transfer payments

= $12 - $9 - $3 + $2

= $2 trillion

Public savings:

= Taxes - Transfer payment

= $3 trillion - $2 trillion

= $1 trillion

An architecture firm earned earned $1520 for architecture services provided with the fee to be paid in the future. No entry was made at the time the service was provided. If the fee has not been paid by the end of the accounting period and no adjusting entry is made, this would cause:

Answers

Answer:

Revenue is understated by $1520

Profit is understated by $1520

Accounts receivable is understated by $1520

Retained earnings is understated by $1520

Explanation:

The guideline on recognition of revenue is accrual basis of accounting, which is that revenue is recognized when it has been earned, in other words when the business has discharged its obligation to the other party by a way of delivering goods or services to clients.

Specifically,by not recording an adjusting for the $1520 revenue earned but not yet received,the revenue for the period would be understated by $1520 as well as profit for the year.

Also,asset,accounts receivable would also be understated by $1520 including retained earnings at the end of the year

During 2018, its first year of operations, Pave Construction provides services on account of $152,000. By the end of 2018, cash collections on these accounts total $106,000. Pave estimates that 30% of the uncollected accounts will be bad debts. Required: 1. Record the adjustment for uncollectible accounts on December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Answers

The adjustment for noncollectable accounts on December 31, 2018:

Debit Bad Debts Expense $13,800

Credit Allowance for Doubtful Account $13,800

Explanation:

In Pave Construction, 2018 is the first year of operations. The company provides services on account of $152,000.

By the end of 2018, cash collections on these accounts total $106,000.

At the end of 2018, Accounts Receivable (the uncollected accounts) has debit balance of $46,000 ($152,000 - $106,000 = $46,000)

Pave estimates that 30% of the uncollected accounts will be bad debts

Bad Debts Expense = 30% x $46,000 = $13,800

The adjusting entry to record the bad debts expense will be:

Debit Bad Debts Expense $13,800

Credit Allowance for Doubtful Account $13,800

Hospital decides to redo its kitchen with new flooring, cabinets, counters, and appliances. The hospital compiles a description of the project and then asks sellers to submit bids. After determining the most attractive bids, the hospital will then work with two or three companies to determine who will get the contract. This is an example of using ____ for a purchase decision.

Answers

Answer:

Negotiation

Explanation:

Negotiation -

It refers to the conversation between two or more people or parties in order to mutually resolve any conflict or fued , is referred to as negotiation .

The practice is mutually performed by both the parties .

The mutual understanding between the people or parties benefits both the parties in a very fair and equal manner .

Hence , from the given scenario of the question ,

The correct answer is negotiation .

If each unit of output can be sold at a price of $5 and incurs variable costs which are constant at $3 per unit, and if the fixed costs already incurred are $15,000, then the break-even output is:

Answers

Answer:

Break-even point= 15,000/ (5 - 3)= 7,500 units

Explanation:

Giving the following information:

Each unit of output can be sold for $5, variable costs are constant at $3 per unit, and if the fixed costs are $15,000.

We need to use the following formula:

Break-even point= fixed costs/ contribution margin

Break-even point= 15,000/ (5 - 3)= 7,500 units

Answer:

the break-even output is 5,000 units

Explanation:

Total cost = fixed cost + variable cost =  $15,000 + number of units * $3  

Sales = number of units * price = number of unit * $5

Break-even output is number of output which generate sales equals to total cost

Sales  = Total cost

⇔ number of unit * $5 = $15,000 + number of units * $3  

⇔ number of unit* (5-3) = 15,000

⇒ number of unit = 15000/3 = 5,000

Edgar uses the cash method to report the income from his software consulting business. A large publicly held corporation has offered to invest in Edgar’s business as a limited partner. What tax accounting complications would be created if Edgar and the corporation became partners?

Answers

Answer:

If Edgar decides to become partners with the corporation, he'll need to change from cash method to the use of accural method.

Explanation:

If Edgar engages with this large publicly held corporation in a limited partnership, he will have to change from the cash method and use the accrual method of accounting.

The use of the cash method by corporations isn't allowed by IRS and the accrual method is needed to report income earned for Federal income tax purposes to ensure proper and precise reflection of annual income.

In the cash method, Edgar will not currently recognize income until it is actually received. While under the accrual method Edgar would recognize income when it is earned, irrespective of when the income is to be collected.

Final answer:

Joining with a corporate partner in a partnership can create tax accounting complications for Edgar's business due to dual taxation issues and differences in accounting methods. Specialized accountants might be necessary and limited liability aspects would have to be considered.

Explanation:

When Edgar and a large publicly held corporation become partners in a software consulting business where Edgar uses the cash method for tax reporting, some complications can arise. For instance, while partnerships allow each partner to pay taxes on their share of the income, and the business itself does not have to pay taxes, this partnership would involve a corporate partner, which complicates matters due to dual taxation. Corporations are subject to tax on their profits, and shareholders also face taxes on dividends received. Furthermore, corporations report income using an accrual method which contrasts with Edgar's cash method, possibly necessitating a change in accounting methods for the business.

The introduction of a corporate partner could mean additional complexities such as the need to employ specialized accountants and attorneys to handle the partnership taxes, given the complexity of corporate tax regulations. Moreover, the partnership would need to consider the implications of limited liability, which shields shareholders from personal liability beyond the value of their investments in the company, a protection that is not traditionally afforded in a general partnership structure.

Doug is an employee of McDowell Instruments. Doug takes longer breaks than his coworkers, and often rationalizes his behavior because he feels the organization does not pay him enough for the level of work that he does. Doug is reducing his perceived inequity by
A.changing his inputs.
B.changing his outcomes.
C.altering his perception of self.
D.altering his perception of the situation.
E.changing the object of comparison

Answers

Answer:

A) Changing his inputs

Explanation:

First, we have established that Doug thinks that the payment received as an employee of McDowell Instruments is not fair enough considering his level of input. This is according to the theory of equity, where it is theorized that the motivation of individuals to get work done is usually based on having a sense of fairnes sin their interactions.

As a  result of this theory, Doug sees his interaction with the company as unfair based on wages received. By taking more break time therefore, he rationalizes that he can reduce his input time to match the level of payment he receives from the organisation and as such his input to McDowell Instrument should match the pay he recieves.

Final answer:

Doug is reducing his perceived inequity at work by changing his inputs, meaning he takes longer breaks to balance the lower pay he receives compared to the effort he believes he should exert.

Explanation:

Doug, an employee of McDowell Instruments, feels he is not sufficiently compensated for the level of work that he does. In response to the perceived inequity, Doug takes longer breaks than his coworkers to balance the situation. This behavior can be described as Doug changing his inputs since he is intentionally reducing the amount of effort he puts into his job, which, according to equity theory, is a typical response to perceived unfairness in the workplace. By reducing his contribution (inputs), he aligns his work efforts with his perception of the compensation he receives (outcomes), thereby reducing the inequity he experiences.

Research has shown that people might adjust their perceptions or actions in various ways to cope with inequity. These may include reducing work performance, altering the perception of self or the referent, negotiating better outcomes like pay raises, resorting to unethical behaviors such as stealing, comparing themselves to others who are worse off, quitting, or even taking legal action if the situation involves legal protections such as in cases of discrimination.

A differentiator has the advantage of: a. being able to respond to demands for deep price discounts from powerful buyers and still make money. b. selling on non-price factors, such as design or customer service. c. producing a large product variety without a large cost penalty. d. being able to initiate a price war in order to grow volume and drive its weaker rivals out of the industry. e. producing a basic offering that is relatively inexpensive to produce and deliver.

Answers

Answer:

The correct answer is letter "B": selling on non-price factors, such as design or customer service.

Explanation:

Product differentiation is a marketing tool used by companies to distinguish their products or services from the competition. Generally speaking, the more a product is distinguished and thus made exclusive, the higher the company's profit margin. The most common form of product differentiation includes emphasizing the quality of the goods or the customer service offered in contrast to the products in competition.

You are the head of HR at an organic foods manufacturer. Your goal is to enable HR to transform the functioning of the company to a dramatically higher level of productivity, quality, and efficiency through HRX—your HR excellence program. In mapping out the design of HRX, you know that having a good action plan for implementation will be key to the long-term success of the program as well. Which of the following actions would be critical to the successful implementation of HRX?

a. Implement a 10% increase in the base salary of all employees.

b. Allocate sufficient resources and support for the HRX initiative.

c. Make sure to keep track of total expenditures on the HRX initiative.

d. Do not institute the use of teams with this initiative.

Answers

Answer:

Allocate sufficient resources and support for the HRX initiative ( B )

Explanation:

Allocating sufficient resources and support for the HRX initiative is a very good step in the right direction as the HR Manger in trying to implement the HRX initiative and also for the long term success of this Initiative as well.

since The main goal of the Head of the Human resources department is to transform the company's production level to a higher level of productivity in a quicker timer frame, dedicating more resources and support to the initiative will help to speed up activities and the company will start producing  at a very fast rate. having to increase salary will not help because the workers can only do what they can do they can't go beyond their limit hence there will be health emergencies.

Suppose the demand for Digital Video Recorders (DVRs) is given by Q=250 - .25P +4Pc, where Q is the quantity of DVRs demanded (in 1000s), P is the price of a DVR, and Pc is the price of cable television. How much does Q change if the price of cable changes slightly (i.e. the partial derivative of demand with respect to Pc?

Answers

Answer: 4000

Explanation:

Q=250 - .25P +4Pc, where Q is the quantity of DVR

We want to find the partial derivative of Q with respect to Pc

(dQ/dPc,partial) = 4

There is a change of 4 DVR added. Since the Q is measured in Thousands.

∆Q = 4000

Differentiation Q with respect to Pc gives other terms to be zero except wrt Pc.

You are appointed secretary of the treasury of a recently independent country called Rugaria. The currency of Rugaria is the lav. The new nation began fiscal operations this year and the budget situation is that the government will spend 10 million lavs and taxes will be 9 million lavs. The 1-million-lav difference will be borrowed from the public by selling 10 year government bonds paying 5 percent interest. The interest on the outstanding bonds must be added to spending each year, and we assume that additional taxes are raised to cover that interest. Assuming that the budget stays the same except for the interest on the debt for 10 years, what will be the accumulated debt? What will size of the budget be after 10 years?

Answers

Answer:

A) The accumulated debt will be = lav 1 million

B) The size of the budget be after 10years = lav 10.63million

Explanation:

The government will spend 10 million lav and tax collection will be 9 million lav in the new nation budget situation.

accumulated debt is the deficit in the budget.

Budget deficit = Government Spending  - Taxes

                       = lav 10,000,000 - lav 9,000,000

                       = lav 1,000,000

Government plans to borrow 1,000,000 by issuing 10yrs bond with 5% interest. The 5% Interest will be part of government spending each year.

Interest amount to be paid ===>  (5/100)*1,000,000 = 0.05 milion lav

Future Value = PV* [tex]( 1 + interest )^{years}[/tex]

                     = [tex]1 (1 + 0.05)^{10}[/tex]

                     = 1.63 million

∵ after 10yrs, 1 million bonds will become 1.63 million and interest is collected in form of taxes. additional tax:

Additional Tax = 1.63 - 1.00

                        = 0.63 million (paid to tax holder).

Calculate the total budget size:

Total Budget Size = 10 + 0.63

                              = 10.63 million

Final answer:

To address the fiscal operations challenge in Rugaria, an analysis was conducted to determine the accumulated debt and budget size after 10 years, considering a fixed budget with the inclusion of compounded annual interest on borrowed funds. The accumulated debt was calculated to be approximately 1.63 million lavs after 10 years, and the budget size after 10 years would be slightly higher than 10 million lavs due to the interest.

Explanation:

To calculate the total accumulated debt after 10 years, we apply the formula for the future value of an annuity, which in this simplified example, due to raising taxes to cover interest, effectively compounds the interest on the initial debt:

Debt accumulation after Year 1 = 1 million lavsAnnual Interest = 5% of total debt (compounded annually)Accumulated debt after 10 years = Principal * (1 + rate)^n, where n is the number of years and rate is the annual interest rate as a decimal.

Thus, after 10 years, the accumulated debt would be 1 million * (1 + 0.05)^10 = 1.63 million lavs. Therefore, the accumulated debt after 10 years is approximately 1.63 million lavs. Adding the annual interest for the 10th year to the base spending gives the budget size after 10 years, which would be slightly higher than 10 million lavs due to the ongoing interest payments.

Hitzu Co. sold a copier costing $4,800 with a two-year parts warranty to a customer on August 16, 2018, for $6,000 cash. Hitzu uses the perpetual inventory system. On November 22, 2019, the copier requires on-site repairs that are completed the same day. The repairs cost $209 for materials taken from the repair parts inventory. These are the only repairs required in 2019 for this copier. Based on experience, Hitzu expects to incur warranty costs equal to 4% of dollar sales. It records warranty expense with an adjusting entry at the end of each year.
1. How much warranty expense does the company report in 2018 for this copier?
2. How much is the estimated warranty liability for this copier as of December 31, 2018?
3. How much warranty expense does the company report in 2019 for this copier?
4. How much is the estimated warranty liability for this copier as of December 31, 2019?
5. Prepare journal entries to record (a) the copier’s sale; (b) the adjustment on December 31, 2018, to recognize the warranty expense; and (c) the repairs that occur in November 2018.

Answers

Answer:

1) $240 warranty expense

2) $240 warranty liaiblity

3) zero as decreases the warranty laibility

4) 240 beginning - 209 used = 31 ending

5)

cash    6,000 debit

 sales revenues 6,000 credit

--to record sale--

warranty expense 240 debit

  warranty liability          240 credit

--to record prevision for warranty expenses--

warranty liability     209 debit

     inventory                   209 credit

--to record use of the warranty from the customer--

Explanation:

1) sales x expected warranty = 6,000 x 0.04 = 240

2) it will be for the 240 as the accounting works with double-entry

Final answer:

1. In 2018, the company reports $240 as warranty expense for this copier. , 2. The estimated warranty liability for this copier as of December 31, 2018, is also $240. , 3. In 2019, the company reports $240 as warranty expense for this copier., 4. The estimated warranty liability for this copier as of December 31, 2019, is $480.

Explanation:

1. The warranty expense that the company reports in 2018 for this copier is calculated by multiplying the dollar sales by the expected warranty cost percentage. In this case, the dollar sales is $6,000 and the expected warranty cost percentage is 4%. So, the warranty expense would be $6,000 x 4% = $240.

2. The estimated warranty liability for this copier as of December 31, 2018, is the warranty expense recognized in 2018. So, the estimated warranty liability would be $240.

3. The warranty expense that the company reports in 2019 for this copier is calculated in the same way as in 2018. The dollar sales is still $6,000 and the expected warranty cost percentage is still 4%. So, the warranty expense would be $6,000 x 4% = $240.

4. The estimated warranty liability for this copier as of December 31, 2019, would be the sum of the warranty expense recognized in 2018 ($240) and the warranty expense recognized in 2019 ($240). So, the estimated warranty liability would be $240 + $240 = $480.

5. Journal Entries:

(a) Copier Sale:

Debit Cash $6,000

Credit Sales Revenue $6,000

(b) Adjustment on December 31, 2018:

Debit Warranty Expense $240

Credit Estimated Warranty Liability $240

(c) Repairs in November 2019:

Debit Warranty Expense $209

Debit Estimated Warranty Liability $209

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An average of 25 customers travel between Departments A and C each day, and an average of 10 customers travel between Department C and Department D each day. There is no other customer traffic between any other pairs of departments. What is the load-distance score of the department layout above?

Answers

Final answer:

The question cannot be answered precisely without knowing the distances between Departments A, C, and D. The load-distance score is calculated by multiplying the load by the distance for each department pair and summing them up.

Explanation:

The student is asking for the calculation of the load-distance score for the layout of a set of departments based on the customer traffic between them. This concept is typically covered in topics related to business operations management, facility layout, or supply chain logistics, which often fall under mathematical optimization or applied mathematics. The load-distance score can be determined by multiplying the load (average number of customers) by the distance between each pair of departments for all pairs with traffic, then adding the results together for a total score. In this case, the distances between Departments A, C, and D are not given, so a specific numerical answer cannot be provided without additional information. However, if these distances were known, you would calculate the load-distance score by adding the product of the average number of customers traveling between Department A and C by their distance, and the average number of customers traveling between Department C and Department D by their distance.

Rainier Industries has Raw materials inventory on January 1, 20x8 of $34,200 and Raw materials inventory on December 31, 20x8 of $28,400. If raw materials used during the year were $152,000 what was the amount of raw materials purchased during the year

Answers

Answer:

$146,200

Explanation:

Given that,

Raw materials inventory on January 1, 20x8 = $34,200

Raw materials inventory on December 31, 20x8 = $28,400

Raw materials used during the year = $152,000

Raw material consumed = Opening + Materials purchased - Closing stock

$152,000 = $34,200 + Materials purchased - $28,400

$152,000 - $34,200 + $28,400 = Materials purchased

$146,200 = Materials purchased

Therefore, the amount of raw materials purchased during the year is $146,200.

Final answer:

The amount of raw materials purchased during the year is $146,200.

Explanation:

To calculate the amount of raw materials purchased during the year, we need to find the change in raw materials inventory. We can calculate this by subtracting the raw materials inventory on December 31, 20x8 from the raw materials inventory on January 1, 20x8. In this case, the change is $34,200 - $28,400 = $5,800.

Since raw materials used during the year were $152,000, we can subtract the change in inventory from the raw materials used to find the amount of raw materials purchased. Therefore, the amount of raw materials purchased during the year is $152,000 - $5,800 = $146,200.

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Based on your readings and any other research, why do you think that women are especially affected by the "glass ceiling" at work? What can HR do to help?

Answers

Answer:

The women are especially affected by the glass ceiling at work because they face the promotion and pay gap in comparison to the men.

Explanation: organizations can reduce gender discrimination by focusing on

(a) HR policies (i.e., diversity initiatives and family-friendly policies) and closely related organizational structures, processes, and practices.

(b) HR-related decision-making and enactment.

(c) the organizational decision-makers who engage in such actions.

Another means to reduce gender discrimination in HR-related decision-making and enactment is to focus directly on reducing the hostile and benevolent sexist beliefs of organizational decision makers.

Explanation:

Research on sex generalizations proposes that sex inclination is an imperceptible boundary—the alleged biased based impediment—keeping ladies from breaking into the most elevated levels of the board in business associations. Utilizing information from a state-based proficient HR association, we explored this marvel in the field of HR the executives. Expanding on the absence of fit model of sexual orientation segregation and past research, we tried two speculations: that ladies in HR are bound to be gathered in lower-level managerial situations in associations that underline representative contribution (in view of a related accentuation on characteristically ladylike managerial capacities) and that ladies in HR additionally are bound to be amassed in lower-level managerial situations in associations that underscore vital human asset the board (as a result of a related accentuation on characteristically manly attributes).

Goiter's Delight, Inc., carries a line of titanium putters. Golfer's Delight, Inc., uses the FIFO method and a perpetual inventory system. The sales price oca entory system. The sales price of each putter is $195. Company records indicate the following activity for putters for the month of July.
Date Item Quantity Unit Cost
July 1 Balance 6 $110
7 Purchase 12 $ 112
11 Sale 17
19 Purchase 15 $ 114
28 Sale 12
Requied:
1. Prepare a perpetual inventory record for the putters to determine the amount Golfer's Delight, Inc., should report for ending inventory and cost of goods sold using the FIFO method.
2. Journalize the inventory transactions for Golfer's Delight, Inc., using the FIFO method. Assume all purchases and sales are on account.

Answers

Answer:

Explanation:

Perpetual Inventory Record

Date         Description          Qty           Unit price             Dr                   Cr

July 1        Balance B/f            6                 $110                 $660

July 7        Purchases             12                $112                 $1,344

July 11        Sales                     17                $195                                       $3,315

July 19       Purchases             15                $114                 $1,710

July 28       Sales                     12               $195                                       $2,340

Ending Inventory using FIFO is 4 @ $114 = $456

Cost of goods sold using FIFO = $660+ $1,344+$1,254 = $3,258

Journal Entries

Purchases A/c                                          Dr                       Cr

July 7        Purchases                           $1,344

July 19       Purchases                           $1,710

Sales A/c                                                   Dr                       Cr  

July 11        Sales                                                               $3,315

July 28       Sales                                                              $2,340

Account Receivable a/c                            Dr                       Cr

July 11        Sales                                     $3,315

July 28       Sales                                     $2,340

Account Payable a/c                                   Dr                       Cr

July 7        Purchases                                                           $1,344

July 19       Purchases                                                          $1,710

Answer:

please find the answer below

Explanation:

1. Purchases Cost of Goods Sold Inventory on Hand

Date Quantity Unit Cost Total Cost Quantity Unit Cost Total cost Quantity Unit Cost Total Cost

01-Jul        6 $110 $660  

          $660

07-Jul 12 $112 $1, 344     6 $110 $660  

       12 $112 $1, 344  

11-Jul    6 $110 $660     $2, 044

   11 $112 $1, 232 $1, 892 1 $112 $112  

          $112

19-Jul 15 $114 $1, 710     1 $112 $112  

       15 $114 $1, 710  

          $1, 822

28-Jul    1 $112 $112  4 $114 $456  

   11 $114 $1, 254 $1, 366    $456

           

Total 27 units  $3, 054 29 units    4 units   $456

           

           

2. Journal Entries        

07-Jul Dr Inventory  $1, 344        

Cr Trade payables $1, 344        

Purchased inventory on account        

           

11-Jul Dr Trade Payables $1, 892        

Cr Inventory $1, 892        

Sold inventory on account        

           

19-Jul Dr Inventory  $1, 710        

Cr Trade payables $1, 710        

Purchased inventory on account        

           

28-Jul Dr Trade Payables $1, 366        

Cr Inventory $1, 366        

Sold inventory on account        

You have just made your first $4,000 contribution to your retirement account. Assume you earn a return of 14 percent per year and make no additional contributions. a. What will your account be worth when you retire in 25 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What if you wait 10 years before contributing? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

You have just made your first $4,000 contribution to your retirement account. Assume you earn a return of 14 percent per year and make no additional contributions.

To calculate the final value, we need to use the following formula:

FV=PV*(1+i)^n

A) n= 25 years

FV= 4,000*(1.05^25)= $13,545.42

B) Wait 10 years:

n= 15

FV= 4,000*(1.05^15)= $8,315.71

EcoMart establishes a $1,050 petty cash fund on May 2. On May 30, the fund shows $312 in cash along with receipts for the following expenditures: transportation-in, $120; postage expenses, $369; and miscellaneous expenses, $240. The petty cashier could not account for a $9 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory Prepare the (1) May 2 entry to establish the fund, (2) May 30 entry to reimburse the fund, and (3) June 1 entry to increase the fund to $1,200. View transaction list Journal entry worksheet 2 Record the May 2 entry to establish the fund.

Answers

EcoMart establishes General Journal

May 2

Dr Petty cash 1050

Cr Cash 1050

May 30

Dr Merchandise inventory 120

Dr Postage expense 359

Dr Miscellaneous expenses 240

Dr Cash short and over 9

Cr Cash728

June 1

Dr Petty cash 150

Cr Cash 150

Workings:

May 30,Merchandise inventory 120+ Postage expense 359+ Miscellaneous expenses 240+ Cash short and over 9 = $728

June 1

1050-1200= 150

Final answer:

To account for the petty cash fund, the initial fund is established on May 2 by debiting Petty Cash and crediting Cash. The fund is replenished on May 30 for the expenses and shortage. On June 1, the fund is increased to $1,200 by further debiting Petty Cash and crediting Cash.

Explanation:

The question pertains to accounting for a petty cash fund in a company's financial records using the perpetual system of inventory accounting. Here are the journal entries required:

May 2 Entry to Establish the Fund:

Debit Petty Cash $1,050Credit Cash $1,050

This establishes the petty cash fund by increasing the Petty Cash account and decreasing the Cash account.

May 30 Entry to Reimburse the Fund:

Debit Transportation-In $120Debit Postage Expenses $369Debit Miscellaneous Expenses $240Debit Cash Short and Over $9Credit Cash $738

This entry replenishes the fund for the expenses paid out and accounts for the shortage.

June 1 Entry to Increase the Fund to $1,200:

Debit Petty Cash $150Credit Cash $150

The fund is increased to $1,200 by debiting the Petty Cash account and crediting the Cash account.

Billy Boi Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $88,480 and 2,800 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $80,160 and actual direct labor-hours were 2,700.
The overhead for the year was _____. (Round your intermediate calculations to 2 decimal places.) Please show the calculations.

Answers

Answer:

The correct answer is $5,160.

Explanation:

According to the scenario, the given data are as follows:

Estimated OH = $88,480

Estimated direct labor hour = 2,800 labor hour

So, Estimated OH per labor hour = $88,480 ÷ 2,800 = $31.6 / labor hour

Actual OH = $80,160

Actual Direct labor hour = 2,700 labor hour

Now,  Applied OH = Estimated OH per labor hour × Actual Direct labor hour

= $31.6 × 2700

= $85,320

Since, Applied OH is Greater than Actual OH, it is underapplied OH.

Underapplied OH = Applied OH - Actual OH

= $85,320 - $80,160

= $5,160.

Hence, the underapplied OH for the year was $5,160.

The overhead for the year was $5,160 when the total evaluated overhead of $88,480 and 2,800 estimated direct labor hours.

What is overhead?

Overhead is an expense that refers to the continued expense of operating a business.

Overheads are expenditures that cannot be conveniently traced to or recognized with any special revenue unit.

According to the scenario, the given data are as follows:

Computation of overheads(OH):

It is given that:

Estimated OH = $88,480

Estimated direct labor hour = 2,800 labor hours

Then, estimated OH per labor hour:

[tex]\text{Estimated OH Per Labor Hour}=\dfrac{ \text{Estimated OH}}{\text{Estimated Direct Labor Hour}}\\\\\text{Estimated OH Per Labor Hour}=\dfrac{\$88,480}{\$2,800}\\\\\text{Estimated OH Per Labor Hour}=\$31.6\text {Per Hour}[/tex]

Actual OH = $80,160

Actual Direct labor hour = 2,700 labor hours.

Then, Applied OH:

[tex]\text{Applied OH} = \text{Estimated OH Per Labor Hour}\times\text{ Actual Direct labor Hour}\\\\\text{Applied OH} =\$31.6\times2,700\\\\\text{Applied OH} =\$85,320[/tex]

As we know, when applied OH is greater than actual OH, then it is under applied OH.

Hence, under overhead is:

[tex]\text{Under Applied OH} = \text{Applied OH – Actual OH}\\\\\text{Under Applied OH} = \$85,320 - \$80,160\\\\\text{Under Applied OH} =\$5,160.[/tex]

Therefore, the under applied OH for the year was $5,160.

To learn more about the overhead, refer to:

https://brainly.com/question/180050

Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, and TiX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! TiX Total Users 9,000 15,000 24,000 Revenues $ 1,200,000 $ 800,000 $ 2,000,000 Engineering hours 10,000 6,000 16,000 Engineering cost $ 240,000 $ 360,000 $ 600,000 Administrative costs $ 480,000

Required:

a. Compute the predetermined overhead rate used to apply administrative costs to the two services assuming SMI uses the number of users to allocate administrative costs. b. Based on the rates computed in requirement (a), what is the profit for each service.

Answers

Answer:

Profit     For Toot   $ 780,000      

Profit     For TIX   $ 140,000

Explanation:

The predetermined overhead rate= Administrative costs / Total Users

                      =$ 480,000/24,000= 20

Social Media, Inc. (SMI)

                                  Toot!           TiX             Total

Users                         9,000       15,000        24,000

Revenues            $ 1,200,000  $ 800,000  $ 2,000,000

Engineering hours    10,000       6,000           16,000

Engineering cost  $ 240,000  $ 360,000  $ 600,000

Administrative costs                                        $ 480,000

Applying Rate

Administrative costs $ 180,000   $ 300,000  $ 480,000  

Profit                       $ 780,000        $ 140,000     $ 920,000

Answer:

a) Predetermined Overhead rate = $20

b)                                                     Toot!          TiX

   Profit                                         $780,000   $140,000

Explanation:

Predetermined Overhead rate = total cost / basis

                                                   = $480,000/24,000

                                                   = $20

the denominator 'basis' refers to what is used to allocate the cost between the two services.

b)                                               Toot!            TiX

Revenues                              $1,200,000    $800,000

Engineering Cost               - $240,000      $360,000

Admin Cost (users * $20)   -$180,000      -$300,000

Profit                                     $780,000       $140,000

A statistical test with a rejection region comprised of both tails of the sampling distribution of the test statistic is called a (an) _________ test. (Choose all that apply)

Answers

Answer:

two tailed and non- directional

Explanation:

A statistical test with a rejection region comprised of both tails of the sampling distribution of the test statistic is called a two tailed and a non-directional test.

Final answer:

A statistical test with rejection regions on both tails of the sampling distribution is a two-tailed test, used when the direction of the difference is not specified and is more conservative, requiring a larger difference for rejecting the null hypothesis.

Explanation:

A statistical test with a rejection region comprised of both tails of the sampling distribution of the test statistic is called a two-tailed test. In a two-tailed test, the alternative hypothesis (HA) indicates that the parameter of interest is different from the null hypothesis value but does not specify the direction of the difference. This means we look for evidence that the parameter is either greater than or less than the null hypothesis value, which leads to rejection regions on both ends (or tails) of the sampling distribution curve. For a significance level (a) of 0.05, the rejection regions combined account for 5% of the area under the curve, with 2.5% in each tail. This approach is more conservative because rejecting the null hypothesis requires a larger difference between the observed and expected values, often making it the appropriate choice when we have no prior expectation of the direction of the difference.

Canton Corp. produces a part using an expensive proprietary machine that can only be leased. The leasing company offers two contracts. The first (unit-rate lease) is one where Canton would pay $4 per unit produced, regardless of the number of units. The second lease option (flat-rate lease) is one where Canton would pay $60,000 per month, regardless of the number produced. The lease will run one year and the lease option chosen cannot be changed during the lease. All other lease terms are the same.

The part sells for $40 per unit and unit variable cost (excluding any machine lease costs) are $20. Monthly fixed costs (excluding any machine lease costs) are $200,000.


a. What is the monthly break-even level assuming:

1. The unit-rate lease?
2. The flat-rate lease?
b. At what volume would the operating profit be the same regardless of the lease option chosen?

c. Assume monthly volume of 20,000 units. What is the operating leverage assuming:

1. The unit-rate lease?
2. The flat-rate lease?
d. Assume monthly volume of 20,000 units. What is the margin of safety percentage assuming:

1. The unit-rate lease?
2. The flat-rate lease?

Answers

Answer:

Explanation:

a)

1. Unit rate lease

Unit Contribution margin = Unit Selling price – Unit Variable cost

= 40 - 24 =  $16

Break even point (units) = Fixed cost/Contribution margin per unit

= 200,000/16  = 12,500

2. Flat rate lease

Unit Contribution margin = Unit Selling price – Unit Variable cost

= 40 - 20  = $20

Break even point (units) = Fixed cost/Contribution margin per unit

= 260,000/20  = 13,000

b.)

Let at X units produced profit margin is same under both the lease options

40X - 24X - 200,000 = 40X - 20X - 260,000

16X - 200,000 = 20X - 260,000

4X = 60,000

X = 15,000

If 15,000 units are produced, profit margin will be same under both the lease options.

c)

1. Unit rate lease

Contribution margin income statement

Sales (20,000 x 40)  800,000

Variable cost (20,000 x 24)  - 480,000

Contribution margin  320,000

Fixed cost  - 200,000

Operating income  120,000

Operating leverage = Contribution margin/Operating income

= 320,000/120,000  = 2.67

2. Flat rate lease

Contribution margin income statement

Sales (20,000 x 40)  800,000

Variable cost (20,000 x 20)  - 400,000

Contribution margin  400,000

Fixed cost  - 260,000

Operating income  140,000

Operating leverage = Contribution margin/Operating income

= 400,000/140,000  = 2.86

d)

1. Unit rate lease

Margin of safety = Actual sales - Break even sales

= 20,000 x 40 - 12,500 x 40

= 800,000 - 500,000

= $300,000

Margin of safety (%) = Margin of safety/Actual sales

= 300,000/800,000  = 37.5%

2. Flat rate lease

Margin of safety = Actual sales - Break even sales

= 20,000 x 40 - 13,000 x 40

= 800,000 - 520,000

= $280,000

Margin of safety (%) = Margin of safety/Actual sales

= 280,000/800,000  

= 35%

The lowest payment does not necessarily mean the best credit plan. If your car loan is a long period of time, you may end up owing more than the car is worth, which is called a. Negative equity. b. Low monthly payments. c. All of these are potential problems. d. Loan preapproval. Low-interest loan.

Answers

Answer:

The correct answer is letter "A": Negative equity.

Explanation:

Negative equity occurs when the value of an asset falls below the value of the outstanding balance of the loan requested to purchase the asset. The term is mostly used in Real Estate when the price of a property is lower than the outstanding balance mortgage. The asset price is determined by using the market value of the asset.

The bank statement​ _________.A.may show service​ charges, EFT collections from​ customers, and EFT withdrawals B.does not include an ending balance of the​ customer's account because the bank cannot determine which checks have been cashed during the statement periodC.must include physical copies of canceled checksD.must be mailed to customers each month

Answers

Answer:

The correct answer is letter "A": may show service​ charges, EFT collections from​ customers, and EFT withdrawals.

Explanation:

A bank statement shows account holders' transactions during a certain period of time that tends to be one (1) month. This report shows the current balance in the customers' accounts including charges, Electronic Funds Transfers (EFT) collections, and withdrawals as well as payments representing inflows.

Bank statements are useful for clients so they can have control of the expenditures of their accounts.

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