Answer:
Will specializes in producing corns.
Explanation:
The law of comparative advantage dictates that a country should only produce that good, in which its opportunity cost is lowest among its trade partner countries. In this way, that country will specialize in the way in producing that thing. In the long run, due to the specialization, the productivity level of that country will increase which might be inform of more skilled labor or the development of new technologies that increase the production output. The increased productivity due to specialization leads to the increased output for that nation.
In case of corn, the country might specialize in producing corn, and might develop more skilled labor and more value added products from corn to increase the economic output of the country.
When hiring future workers, employers look for hard skills (those we learn such as mastery of software applications or accountancy procedures) and soft skills. Soft skills are personal characteristics, strengths, and other assets. Studies have divided soft skills into four categories:
1. Thinking and problem solving
2. Oral and written communication
3. Personal qualities and work ethic
4. Interpersonal and teamwork
Your Task Using the preceding categories to guide you, identify your own soft skills, paying attention to those you think a potential employer would value. Prepare lists of at least four items in each of the four categories. For example, as evidence of problem solving, you might list a specific workplace or student problem you recognized and solved. You will want to weave these words and phrases into cover letters and résumés,
Submit in a Memo Format.
Final answer:
Employers value candidates who possess a combination of hard and soft skills. Soft skills can be divided into thinking and problem solving, oral and written communication, personal qualities and work ethic, and interpersonal and teamwork. Some examples of soft skills highly valued by employers include analytical thinking, clear communication, adaptability, and collaboration.
Explanation:
Soft Skills for Employer Valuation
1. Thinking and problem solving:
- Analytical thinking
- Critical thinking
- Decision making
- Problem-solving
2. Oral and written communication:
- Clear and effective communication
- Active listening
- Presentation skills
- Writing skills
3. Personal qualities and work ethic:
- Adaptability
- Responsibility
- Time management
- Self-motivation
4. Interpersonal and teamwork:
- Collaboration
- Conflict resolution
- Leadership
- Teamwork
Employers value candidates who possess a combination of hard and soft skills. In the thinking and problem-solving category, skills such as analytical thinking, critical thinking, decision making, and problem-solving are highly sought after. Oral and written communication skills are essential for effective workplace communication, including active listening, presentation skills, and writing skills. Personal qualities and work ethic, such as adaptability, responsibility, time management, and self-motivation, demonstrate a strong commitment to professional growth. Lastly, interpersonal and teamwork skills, including collaboration, conflict resolution, leadership, and teamwork, indicate the ability to work well with others. Highlighting these soft skills in your cover letter and resume will demonstrate your suitability for the position.
To mitigate the bullwhip effect, each location in a supply chain should plan for the demand received at that location. Group of answer choices True False
Answer:
The statement is: True.
Explanation:
The bullwhip effect occurs when the quantity demanded of a product changes in a supply chain which causes one of the links of the chain to request more of that good to meet the new demand level. Ways to avoid the bullwhip effect are improving retailers' forecast accuracy or adopting a demand-driven supply chain management by which the quantity of goods received at each location implies what the retailers' request.
Assume you own more than one business. The financial records are prepared separately for each business. The records are also separate and distinct from your personal finances. This methodology relies on the going concern concept. (If false, identify error and correct.)
Answer:
False. It is called separate legal entity.
Explanation:
In the eye of law, a company is a separate legal entity as it is distinct from its owners (i.e shareholders) , directors, promoters etc and as such is conferred with rights and is also subjected to certain duties and obligations.
It has the right to issue and be sued in any legal transaction it has entered its own name.
As a separate legal entity, it activities and operations must be kept separate from that of the owner and other entities.
Bouchard Company manufactures a product that currently has a full cost of $ 200. Its target operating income per unit is $ 40 and management's budgets assume that same target operating income per unit for the foreseeable future. To stay competitive, Bouchard management believes it must cut its price by 25%. What will be its new target price?
Answer:
New target price is $ 180.
Explanation:
This question requires us to calculate the new target price. The detail calculation is given below.
Current price = Full cost + target income
Current price = $ 200 + $ 40
Current price = $ 240-A
New Price = A * (75%)
New price = $ 180
(new price is 75% of current price)
Smith Company manufactures washing machines in their own facility. They sell them to stores like Best Buy and Lowes for ultimate sale to the consumer. Here are some costs for Smith Company. Calculate total PRODUCT costs for Smith Company. $20906 Direct Labor Sales and Marketing Expenses Metal to make the exterior shell of $50181 the washing machines Electricity to run the machinery in $18939 the factory $23289 Salary of the manager who oversees manufacturing $8204 Salary of the Chief Operating Officer of the Company Water bill for the building that houses corporate headquarters $16665 $2100
Answer:
$98,233
Explanation:
Total product costs = direct labor costs + direct material costs + factory overhead
In this case, we must add up the following costs:
Direct labor = $20,906Metal to make the exterior shell of the washing machines (direct material cost) = $50,181Electricity to run the machinery in the factory (factory overhead) = $18,939Salary of the manager who oversees manufacturing = $8,204Total product costs = $98,233
The waterbill for the HQ, the salary of the CEO, and the marketing expenses are not included in the calculation because they are not factory overhead specifically.
The annual report only contains three basic financial statements: the income statement, balance sheet, statement of cash flows.
True / Fasle
Answer:
The statement is: False.
Explanation:
The Annual Report is a yearly publication that public corporations must provide to shareholders to describe their operations and financial condition. The Securities and Exchange Commission (SEC) requires public corporations to file annual reports. They reveal if the company's earnings and sales are higher or lower than expectations.
The annual report is composed of four (4) financial statements: the income statement, the balance sheet, the cash flow statement, and the statement of stockholders' equity.
TRU Inc. is planning to issue a $1,000 face-value bond with an annual coupon rate of 7.5% that matures in 5 years. TRU is planning to pay quarterly interest payments. Similar TRU bonds are quoting at 97.5% of par. What is the price that bond holders will pay for this bond?
Answer:
$975
Explanation:
Given that,
Face value or par value of bond = $1,000
Annual coupon rate = 7.5%
Maturity period of bond = 5 years
TRU bonds are quoting at 97.5% of par
TRU is planning to pay quarterly interest payments
Now quoting at 97.5% of par:
= Face value × 97.5%
= $1,000 × 97.5%
= $975
Hence, the price that bond holders will pay for this bond is $975.
In a statement of cash flows, interest payments to lenders and other creditors should be classified as cash outflows for a. operating activities. b. borrowing activities. c. lending activities. d. financing activities.
Answer:
The correct answer is letter "A": operating activities.
Explanation:
Operating Activities are the daily processes conducted by a company to generate income. They pertain to the company's core business activity such as sales and manufacturing and they provide most of the cash flow that determines whether a business is profitable.
When it comes to the Financial Statements the situation is not different. Interest payments to lenders and other creditors can be part of the day to day activity of a company. That is the reason why they are recorded in the operating activities section.
Ferguson Company recognized $400 of estimated manufacturing overhead costs at the end of the month. How does this transaction affect the financial statements?
Answer:
This leads to a reduction in net income
Explanation:
Manufacturing overheads refer to those costs which indirectly relate to a good's production. Examples of manufacturing overheads would include depreciation charged on equipments used for production, rent of the factory wherein production takes place.
The effect of recognition of $400 of estimated manufacturing overheads would be reduction in net income since their recognition raises the cost of production which reduces gross profit. Consequently this would reduce the net income.
Acme Global sent 100 workers to training to decrease defects on the assembly line. In the past year, there have been 2,000 defective products created at a cost of $100 each. In the year following training, only 1,000 defective products were created. Training costs $100 per worker.
What is the ROI on the training?
Answer:
The Return On Investment (ROI) is 1000%
Explanation:
First, we calculate the cost of previous year defects
= Cost per defective product x The number of products that are defective
Previous Year Defect Costs = $100 x 2000 = $200,000
Secondly, we calculate the cost of defects after training took place
= Cost per defective product x defects (1000)
= $100 x 1000= $100,000
After training therefore, the savings in defect costs will be
$200,000 - $100,000 = $100,000
Thirdly, we calculate the cost of training
= Cost of training per worker x number of workers
= $100 x 100 workers = $10,000
Finally, calculate the Return on Investment in percentage
= (The Savings in cost of defects/ cost incurred to train the works) x100
= ($100,000/$10,000) = 1000%
The Return on Investment is 1000%
In an economy where heating oil is the primary source of heat for most households, new supplies of natural gas, a substitute for heating oil, are discovered. Natural gas provides heat at a much lower cost. What is the most likely effect of these discoveries on the market price and quantity of heating oil produced?Price Decreases & Quantity Decreases
Price Decreases & Quantity Increases
Price Increases & Quantity Decreases
Price Does Not Change & Quantity Does Not Change
Answer:
Price Decreases & Quantity Decreases
Explanation:
As a result of the discovery of an alternative which is cheaper, consumers increase demand for natural gas. The demand for heating oil would fall. This would lead to a fall in price and quantity.
I hope my answer helps you
The most likely effect of the discovery of new supplies of natural gas in an economy where heating oil is the primary source of heat is a decrease in the price and quantity of heating oil produced.
Explanation:The most likely effect of the discovery of new supplies of natural gas, a substitute for heating oil, in an economy where heating oil is the primary source of heat for most households, is a decrease in the price and quantity of heating oil produced.
When natural gas is discovered and provides heat at a much lower cost, it becomes an attractive alternative to heating oil. As a result, households switch to using natural gas instead of heating oil, leading to a decrease in demand for heating oil. With a decrease in demand, the price of heating oil is likely to decrease as well.
Additionally, as the demand for heating oil decreases, producers of heating oil are likely to reduce their production to avoid excess inventory. This decrease in production will further contribute to a decrease in the quantity produced.
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Mission Foods produces two flavors of tacos, chicken and fish, with the following characteristics:
Chicken Fish
Selling price per taco $ 3.90 $ 5.00
Variable cost per taco 1.95 2.50
Expected sales (tacos) 209,000 305,000
The total fixed costs for the company are $111,000.
What is the anticipated level of profits for the expected sales volumes?
Answer:
$1,059,050
Explanation:
The computation of the anticipated level of profits for the expected sales volumes is shown below:
Expected sales 209,000 305,000
Particulars Chicken Fish
Sales $815,100 $1,525,000
Less:
Variable cost -$407,550 -$762,500
Contribution margin $407,550 $762,500
Now the profit would be
= Total contribution margin - total fixed cost
= $407,550 + $762,500 - $111,000
= $1,059,050
The sales are variable cost are come by multiplying the units with its price per taco.
The placement of Starbucks cafés within Barnes & Noble bookstores has proven to be a successful strategic alliance because both companies benefit from this arrangement. As a global marketing strategy, an important characteristic of a strategic alliance is ___.
Answer:
d) participant companies do not share costs or profits
Explanation:
The strategic alliance is the agreement of the companies for a joint project that comes to a mutual benefit for both companies.
However, unlike some other agreements of the sort (like joint venture for example), businesses keep their independence completely and do not share the resource pool, costs or profits.
The businesses are each leading their own project with own benefit, just joining it in a shorter or longer joint project.
A strategic alliance is characterized by mutual benefit, shared resources, and complementary strengths.
Explanation:An important characteristic of a strategic alliance is mutual benefit. In the case of the Starbucks and Barnes & Noble alliance, both companies benefit from the arrangement. Starbucks gains access to a wide customer base and increased visibility, while Barnes & Noble attracts more foot traffic and offers a convenient amenity to its customers.
Another important characteristic is shared resources. Starbucks cafés within Barnes & Noble stores leverage the existing bookstore infrastructure and resources, such as space, utilities, and customer traffic, reducing costs and maximizing the potential for success.
Lastly, complementary strengths play a role in a successful strategic alliance. Starbucks brings its expertise in coffee and customer experience, while Barnes & Noble contributes its expertise in bookselling. Together, they create a unique offering that appeals to a broader customer base.
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hermann industries is forecasting the following income statement:sales $8,000,000operating costs excluding depr & amort. 4,400,000EBITDA $3,600,000depreciation & amortization 800,000EBIT 2,800,000Interest 600,000EBT 2,200,000Taxes (40%) 880,000Net income 1,320,000The CEO would like to see higher sales and a forecasted net income of 2,500,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 10%. the tax rate, which is 40%, will remain the same. what level of sales would generate 2,500,000 in net income?
Answer:
Based on revised assumptions, Hermann Industries will have to achieve sales revenue of $12,681,481 in order to generated target Net Income of $2,500,000
Explanation:
Hermann Industries
Statement to calculate Revised Sales
Net Income $2,500,000
Add: Taxes (40%)
(Net Income × 40% ÷ 60%) $1,666,667
EBT $4,166,667
Add: Interest
($600,000 × (1+10%)) $660,000
EBIT $4,826,667
Depreciation & Amortization
($800,000 × (1+10%)) $880,000
EBITDA (45% of Sales) $5,706,667
Add: Operating Cost (55% of Sales)
(EBITDA × 55% ÷ 45%) $6,974,815
SALES $12,681,481
Revised Income Statement
Hermann Industries
Income Statement
Sales $12,681,481
Operating Costs $(6,974,815)
EBITDA $5,706,667
Depreciation & Amortization $(880,000)
EBIT $4,826,667
Interest $(660,000)
EBT $4,166,667
Taxes (40%) $(1,666,667)
Net Income $2,500,000
*Please note that figures in brackets represent negative figures.
U.S. real gross domestic product changed from $14.2 trillion in 2005 to $14.8 trillion in 2010. During that same time period, the share of manufactured goods (e.g., cars, appliances) of U.S. real gross domestic product was 12.5 percent in 2005 and 12.3 percent in 2010. What was the dollar value of manufactured output?
Answer:
The dollar value of manufactured output is 2.8248%
Explanation:
change in % = final - initial/initial
= 1.82 - 1.77/1.77 * 100
= 2.8248%
Therefore, The dollar value of manufactured output is 2.8248%
Which statement is most appropriate to include in the closing of a cover message? ?My accomplishments in the finance and accounting field, as well as the skills I learned in my summer internship, have prepared me for this position. I welcome the opportunity to discuss my qualifications more fully in an interview. Please call me at (435) 555-7832 before 11 a.m. or after 5 p.m. 0 I hope my accomplishments have convinced you that I am more than qualified for this position. I will expect a call from you to schedul an interview. I can be contacted at (435) 555-7832. O This brief description of my qualifications and my résumé should demonstrate my readiness for this position. Will you hire me for this position? Please call me at (435) 555-7832. How should you format your cover message when sending it in an e-mail? Check all that apply. O Place your return address at the top of the e-mail. D Remove your e-mail address and phone number. O Remove tabs, bullets, and underlining. Move your return address from the top of the message to just below your name.
Answer:
A
Explanation:
My accomplishments in the finance and accounting field, as well as the skills I learned in my summer internship, have prepared me for this position. I welcome the opportunity to discuss my qualifications more fully in an interview. Please call me at (435) 555-7832 before 11 a.m. or after 5 p.m.
following is regarding the format of the cover message;
Remove tabs, bullets, and underlining.
Move your return address from the top of the message to just below your name..
and following is the proper format;
Write a subject line that includes the position you’re applying for Address the company contact’s name in the salutation Clearly state what you’re hoping to accomplish in the first few sentences Summarize your strengths, skills and experience by connecting them to the job opportunity Use a font that’s easy to read Avoid typos in your message by proofreading Include a signature with your contact informationSuppose the U.S. national debt is about $15 trillion.
If payments were made at the rate of $4,000 per second, how many years would it take to pay off the debt, assuming no interest was charged?
Answer:
It is going to take 118.9 years to pay off the debt, assuming no interest was charged.
Explanation:
The first step to solve this question is to know how many dollars are paid per year.
How many seconds are in an year?
An year has 365 days.
Each day has 24 hours.
Each hour has 60 minutes.
Each minute has 60 seconds.
So each year has 365*24*60*60 = 31,536,000 seconds.
How much is paid a year?
Payments made at the rate of $4,000 per second.
So in an year, 4,000*31,536,000 = 126,144,000,000 dollars are paid in an year.
How many years would it take to pay off the debt, assuming no interest was charged?
The debt is $15 trillion = 15,000,000,000,000.
This can be solved by a simple rule of three
1 year - $126,144,000,000
x years - $15,000,000,000,000
[tex]126144000000x = 15000000000000[/tex]
[tex]x = \frac{15000000000000}{126144000000}[/tex]
[tex]x = 118.9[/tex]
It is going to take 118.9 years to pay off the debt, assuming no interest was charged.
Suppose that Greece and Switzerland both produce oil and shoes. Greece's opportunity cost of producing a pair of shoes is 4 barren of oil while Switzerland's opportunity cost of producing a pair of shoes is 10 barrels of oil.
By comparing the opportunity cost of producing shoes in the two countries, you can tell that Greece has a comparative advantage in the production of shoes and Switzerland has a comparative advantage in the production of oil.
Suppose that Greece and Switzerland consider trading shoes and oil with each other. Greece can gain from specialization and trade as long as it receives more than 4 barrels of oil for each pair of shoes it exports to Switzerland. Similarly, Switzerland can gain from trade as long as it receives more than 1 pair of shoes for each barrel of oil it exports to Greece.
Which of the following prices of trade (that is, the price of shoes in terms of oil) would allow both Switzerland and Greece to gain from trade? Check all that apply.
A. 1 barrel of oil per pair of shoes
B. 2 barrels of oil per pair of shoes
C. 8 barrels of oil per pair of shoes
D. 18 barrels of oil per pair of shoes
Answer:8 barrels of oils per pair of shoe
Explanation:Greece and swizerland will need an average price by which they can both gain from trade.To ascertain the average price is by adding the 4 barrels of oil which Greece can forfeit and the 10 barrels of oil which Switzerland could also forfeit if it were into producing shoes.10+ 4 = 14/2 which almost 8 barrels to be given in exchange in other ensure a fair trade between both trading partners.
"Blast it!" said David Wilson, president of Teledex Company. "We’ve just lost the bid on the Koopers job by $3,000. It seems we’re either too high to get the job or too low to make any money on half the jobs we bid."
Teledex Company manufactures products to customers’ specifications and operates a job order costing system. Manufacturing overhead cost is applied to jobs on the basis of direct labor cost.
The following estimates were made at the beginning of the year:
Department
Fabricating Machining Assembly Total Plant
Direct labor $ 209,000 104,500 313,500 627,000 Manufacturing-
overhead $ 365,750 418,000 94,050 877,800
Jobs require varying amounts of work in the three departments. The Koopers job, for example, would have required manufacturing costs in the three departments as follows:
Department
Fabricating Machining Assembly Total Plant
Direct materials $ 3,900 200 2,300 6,400
Direct labor $ 4,600 500 7,100 12,200
Manufacturing overhead ? ? ? ?
The company uses a plantwide overhead rate to apply manufacturing overhead cost to jobs.
Required:
(1) Assuming use of a plantwide overhead rate:
a. Compute the rate for the current year.
b. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job.
(2) Suppose that instead of using a plantwide overhead rate, the company had used a separate predetermined overhead rate in each department.
Under these conditions:
(a) Compute the rate for each department for the current year.
(b) Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job.
(3) Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and applied overhead).
(a) What was the company's bid price on the Koopers job if a plantwide overhead rate had been used to apply overhead cost?
(b) What would the bid price have been if departmental overhead rates had been used to apply overhead cost?
Answer: 27,000
Explanation:
The plantwide overhead rate is calculated at $1.40 per $1 of direct labor cost. Applying this rate, the manufacturing overhead cost for the Koopers job would be $17,080. If departmental rates were used, the total applied overhead would be $12,180, resulting in different bid prices using the two methods.
To compute the plantwide overhead rate, we need to divide the total manufacturing overhead by the total direct labor cost.
Plantwide Overhead Rate = Total Manufacturing Overhead / Total Direct Labor Cost
= $877,800 / $627,000
= $1.40 per $1 of direct labor cost
The manufacturing overhead cost for the Koopers job using the plantwide overhead rate:
= Direct Labor Cost of Koopers Job ×Plantwide Overhead Rate
= $12,200 * $1.40
= $17,080
The departmental overhead rates are calculated separately for each department using their respective overhead and labor costs.
Fabricating Overhead Rate = $365,750 / $209,000 = $1.75 per $1 of direct labor cost
Machining Overhead Rate = $418,000 / $104,500 = $4.00 per $1 of direct labor cost
Assembly Overhead Rate = $94,050 / $313,500 = $0.30 per $1 of direct labor cost
The manufacturing overhead cost for the Koopers job using departmental overhead rates:
= (Direct Labor Cost in Fabricating * Fabricating Overhead Rate) + (Direct Labor Cost in Machining * Machining Overhead Rate) + (Direct Labor Cost in Assembly ×Assembly Overhead Rate)
= ($4,600 ×$1.75) + ($500 ×$4.00) + ($7,100 ×$0.30) = $8,050 + $2,000 + $2,130 = $12,180
Finally, the bid prices:
Bid Price using Plantwide Rate = 150% ×(Direct Materials + Direct Labor + Applied Overhead)
= 150% ×($6,400 + $12,200 + $17,080)
= $53,370
Bid Price using Departmental Rates = 150% ×(Direct Materials + Direct Labor + Applied Overhead using Departmental Rates)
= 150% ×($6,400 + $12,200 + $12,180)
= $46,290
Jones Enterprises was started when it acquired $3,750 cash from creditors and $11,250 from owners. The company immediately purchased land that cost $13,000.
(A) Record the events under an accounting equation.
(B) After all the events have been recorded, Jones's obligations to creditors represent what percent of total assets?
(C) After all the events have been recorded, Jones stockholders' equity represents what percent of total assets?
Answer:
(A) $2,000
(B) 25%
(C) 75%
Explanation:
(A) Accounting equation ;
Non-current Assets+ Current Assets = Stockholders' equity + liability
$13,000 + current Assets = $11,250 + $3,750
Current Asset (Cash or Bank Balance) = $15,000- $13,000
= $2,000
(B) Loan -Asset % = $3,750/$15,000 x 100%
= 25%
(C) Stock-holders' equity- Assets = $11,250/ $15,000 x 100%
=75%
Shanstella bought a 4-unit apartment building in July 2007 for $360,000 and sold it for $480,000in 2016. There was $96,541 of accumulated straight-line depreciation on the apartment building.Assuming that Shanstella is in the 33% tax bracket, how much of her gain is taxed at 25%?a. $0.b. $96,541.c. $120,000.d. $216,541.
Answer:
(d). 216,541
Explanation:
Sales Consideration = $480,000
Book Value as on date of sale= Cost - accumulated depreciation till date = $360,000- $96,541
= $263,459
Long term capital gain (since asset held for use for more than an year)= Sales Consideration less Book value on date of sale = $480,000- $263,459
= $216,541
Since building comes under the definition of a capital asset and since it has been held for use for more than an year, the gain arising out on it's sale would be regarded as long term capital gain.
A firm who is adept at recognizing global windows of opportunity, acting on those very quickly, with tight linkages can be said to be competing on:
a)Cost
b)Flexibility
c)Quality
d)Speed
e)dependability
Answer:
The correct answer is (D)
Explanation:
It is very important to take quick actions to grasp an opportunity. As, many firm compete with each other recognising an opportunity and acting quickly is one way to gain a competitive advantage. In this scenario, a company looks for a new opportunity and they act quickly which whose that they are competing on speed.
Rachel is assisting the CEO of her small company with a project to reduce electricity usage on the shop floor. This is a strategic engineering economic project focused on:
Question 14 options:
equipment replacement
new product introduction
cost reduction
improvement in service
Answer:
(c).Cost Reduction
Explanation:
Cost reduction is defined as a business process which aims at reduction in costs and elimination of all unnecessary costs. With reduction in costs, profitability increases.
Cost reduction also calls for efficient use of resources i.e optimum utilization of resources at the same time adhering to quality standards of production
In the given case, Rachel assists her CEO with a project to reduce electricity bills. This is a strategic engineering economic project focused on (c) Cost Reduction.
"Let's say you are the owner of a local Italian restaurant in a suburb of a large city. The restaurant is turning a nice profit, and you've been approached by an investor who wants to help you open 10 more locations throughout the state. Create a SWOT analysis to help you understand what decision you would make. What kinds of data would you need in order to make an informed decision?"
Answer:
1.Strength, weaknesses, opportunities and threats
Further explanations can be seen below
2.Data that analyze the demographic of potential customers in your area can be helpful. The availability of ingredients for cooking near you to save man hours in looking for them. The number of restaurants in your area, what they do etc
Explanation:
SWOT Analysis represents Strength, weakness, threats and opportunity to a business outfit. To open more restaurants, let's look at the them one after the other.
Analysis of Strength
The strengths of your restaurant lie in what you do exceptionally well, whether it is price structure, tasty meals, a nice and cool environment, delivery to clients who work in offices, Quality service and a nice client relationship management.
if you offer promotional offers like buy 1 and get 1 free or christmas or Easter bonus. That could be your strength.
Analysis of Weaknesses,
Weaknesses may be not having enough staff to deliver to your clients at the heart of the city, the weakness of your waiters ,probably inability to communicate effectively with your customers, inadequate staff trainings, and lack of funds for publicity and advertisements
Analysis of Opportunities
Opportunities you could actually take advantage of might be getting more sales during festive seasons like christmas, easter. Opportunities could be selling different foods and beverages. baking cakes and cookies for birthdays and anniversaries
Analysis of Threats
The threats could be your competitors.One of them is a major food outlet who sells across the street, directly opposite to your shop. Rising price of ingredients and sea foods. increments in tax payment by the government, Political instability, economic crises or downturn like the world economic meltdown that occured few years ago
Data:
Analyze the demographic of potential customers in your area. The availability of ingredients for cooking near you to save man hours in looking for them. The number of restaurants in your area, what they do etc
Answer:
SWOT Analysis developed in explanation
Explanation:
As the owner of a local Italian restaurant in a suburb of a large city being approached to open 10 more restaurants is actually a welcome idea due to the influence of the already big name restaurants in the city. The following represent the SWOT or Strength, Weakness, Opportunity and Threats Plan I can develop to make informed decision
My SWOT ANALYSIS FOR 10 NEW RESTAURANTS
1. My Strength:
First my business is turning a nice profit which means people like my foodI bring a specialty in the name of Italian food that is more unique than the big names out thereI bring employment to the locals in my restaurant and try to remunerate well with good work conditionsI attract a unique set of customers who like my specialty for my own market2. My Weaknesses:
My specialty is not diverse, so only those who like Italian Cuisine comeI do not have so much capital like big name restaurants to expand as much as I like or try new cuisinesMy Business is only in one location presently compared to thousands of other big brands3. My Opportunities:
Opening new branches will give me the required publicityNew branches means developing brand and a developing franchise meaning more investors can be attractedNew branches mean new customers and a greater market shareNew branches mean more employees and more Corporate Social responsibilities4. My Threats
Making Italian cuisine in 10 locations will require specialised and trained workers, if they are not properly trained it will threaten the good name I have builtCompetitors from big franchises will begin to see me as competition and take active plans to either do what I do or other steps to shut me downGetting raw materials or ingredients for my specialty will be on a larger scale than before so new contacts and markets may be difficult to access. If this happens, the cost will rise and my food may become more expensive.The Kind of Data I would need to make an informed decision will be a SWOT Analysis as well as a feasibility study. These will give me both a qualitative and quantitative assessment of my intended market. It will speak to customers, availability of raw materials, pricing, competition, environment as well as regulations. All these will help make an informed decision.
Lopez Corporation incurred the following costs while manufacturing its product:
Materials used in product $120,000 Advertising expense $45,000
Depreciation on plant 60,000 Property taxes on plant 14,000
Property taxes on store 7,500 Delivery expense 21,000
Labor costs of assembly-line workers 110,000 Sales commissions 35,000
Factory supplies used 23,000 Salaries paid to sales clerks 50,000
Work in process inventory was $12,000 at January 1 and $15,500 at December 31.
Finished goods inventory was $60,000 at January 1 and $45,600 at December 31.
Required:
1. Compute cost of goods manufactured.
2. Compute cost of goods sold.
Answer:
Cost Of Goods Manufactured = $ 357,000
Cost of Goods Sold = $ 372,000
Explanation:
Lopez Corporation
Cost Of Goods Manufactured
All Amounts in $
Materials 120,000
Labor Costs 110,000
FOH
Depreciation (plant) 60,000
Propert taxes (store) 14,000
Property Tax 7500
Factory supplies 23,000
Total Maufacturing Costs 360,500
Add Begining Work In Process 12,000
Less Ending Work In Process 15,500
Cost of Goods Manufactured 357,000
Add Finished Goods Inventory 60,000
Less Finished Goods Inventory 45,000
Cost Of Goods Sold 372,00
As you move through your professional career, you will receive requests for favors and contributions. You will not be able to honor all the requests you receive and will sometimes refuse requests. When refusing a request, first think about the receiver, and then determine the approach for your message.When refusing most typical requests, ________________
a. eliminate the bufferb. employ the direct strategyc. use the indirect strategy
Answer:
A
Be direct with your response and don't beat around the bush, because that will make the person who has requested something bored and anticipating what has taken you so long to get to the point.
In the management section of the proposal the contractor should define the that will be performed and provide a of what each major tasks includes.
Answer:
Description of the major tasks.
Deliverables.
Project schedule.
Related experience.
Project organization.
Equipments and facilities.
Explanation:
•Description of the major tasks explains the specific job duties, these duties are the major reasons for the project.
•Deliverables talks about the ability to quantify the project and what will be delivered when the work is completed.
•Project schedule: What needs to be done and the duration or time frame for which the project will be completed. It is the total work required for the project to be promptly delivered.
•Related experience : Any past job experience related to the project, a track record of successfully completed projects as it relates to the present project.
•Project organization: Structures put in place to facilitate supervision and implementation of every required project activity.
•Equipment and facilities: Items needed for the project to be completed.
You have a standard practice of displaying all student work in your classroom. Recently, you assigned students to write any essay and submit a pictorial depiction on the person they considered to be their hero. One of your students submitted an essay on Jesus and a drawing of the Last Supper. In a 500-750-essay, discuss any legal issues regarding the grading of your student’s essay and whether you could display the student’s work. How does the First Amendment apply to this situation? Include at least five references in your essay. At least three of the five references should cite U.S. Supreme Court cases.
Answer:
The first amendment involves the freedom off free scheech and religion. Meaning that a person can not criticize or not display a person's religion based on your own beliefs or beliefs of others.
Explanation:
Reference possibilities could be
1. http:/guides.library.harvard .edu/
2. Your state website ie Maine.gov mass.gov
3. USA.gov is the federal law
4. Loc.gov is the library of congress
5. 6. Supremecourtus.gov and supremecourts
Gov/opinions for us Supreme Court and recent opinions
7. Law.cornell.edu/citation for legal citations for legal arguments if needed as well as taking the citation out of the address bar to use for finding the law online
8. Http.thelawdictionary.org for legal terms or the black law dictionary
Be cautious of commercial websites some that are good and can give information that is not completely accurate.
C1. Findlaw.com
C2. Lexisone.com for federal and state cases and statutes
Both are used for general information.
Good luck.
Final answer:
In grading and considering the display of a student's essay on Jesus, a teacher must adhere to standard academic criteria and navigate the balance between the First Amendment rights and the Establishment Clause. Supreme Court cases offer guidance on managing religious expression in public schools to avoid endorsing specific religions.
Explanation:
When considering the legality of displaying a student's essay and pictorial depiction of Jesus, a teacher must navigate the complex intersection of educational practice and First Amendment rights. The First Amendment guarantees freedom of speech and expression, which encompasses the expression of religious beliefs; however, schools must also be careful not to violate the Establishment Clause, which prevents the government from endorsing any particular religion.
In grading the assignment, the teacher must evaluate the essay based on standard academic criteria, such as the quality of writing, the argument's coherence, and adherence to the prompt, rather than the religious content presented. Displaying the work could have legal implications if it is perceived as the school endorsing a specific religion, particularly given the context of a public school setting. U.S. Supreme Court cases such as Tinker v. Des Moines Independent Community School District, Lemon v. Kurtzman, and Santa Fe Independent School Dist. v. Doe provide guidance on the balance between free expression and the Establishment Clause in school environments.
The decision to display the student's work highlighting a religious figure should be carefully considered with respect to the school's policies on religious neutrality, and consultations with legal advisors or education boards may be prudent to avoid potential legal challenges.
_______ is a collection of related activities that produce a product or a service of value to an organization.
Answer:
The correct answer is letter "B": business process.
Explanation:
A business process is the set of steps stakeholders structurally follow to produce a good or service that is useful for an organization. The business process is also related to the activities carried out in a firm to achieve an objective. These activities could be performed at management, operational or support level.
IE 9-2 ... PPF Model – If this economy has encountered a Recovery from Point "R" to Point "X" (as viewed by the Keynesian Model), then one Risk is a movement toward Point "P" with _________________. The corresponding AS/AD Model would move from a Price Level of $2.00 to __________ .
Answer:
Severe Inflation
Above $2.34
Explanation:
If this economy has encountered a Recovery from Point "R" to Point "X" (as viewed by the Keynesian Model), then one Risk is a movement toward Point "P" with severe inflation. The corresponding AS/AD Model would move from a Price Level of $2.00 to above $2.34.