Final answer:
If inflation is at 4%, the cost of a $400 washing machine next year would be $416, calculated using the future cost formula which considers the inflation rate.
Explanation:
If inflation is at 4%, we can calculate the cost of the washing machine next year by applying the inflation rate to the current price. The formula to calculate the future cost in the presence of inflation is:
Future Cost = Current Price × (1 + Inflation Rate)
Given that the current price of the washing machine is $400, and assuming an inflation rate of 4%, we can plug these values into our formula:
Future Cost = $400 × (1 + 0.04)
Future Cost = $400 × 1.04
Future Cost = $416
So, if inflation is at 4%, next year the washing machine will cost $416.
It is important to note that this calculation assumes a steady inflation rate and does not account for any potential changes in the price due to factors other than inflation, such as technological advancements or changes in market demand.
Additionally, we see the impact of inflation on purchasing power. As prices generally increase with inflation, the same amount of money will buy fewer goods and services.
Alice is willing to spend $30 on a pair of jeans, and has a coupon for $10 off she found online.
She selects and purchases a $35 pair of jeans, pre-discount.
-----
What is Alice's Consumer Surplus?
Answer:
$5
Explanation:
The computation of Alice's consumer surplus is shown below:
Consumer surplus = Willing to spend - Market price after considering the discount
where
Willing to spend = $30
Market price equals to
= Purchase a pair of jeans - coupon rate
= $35 - $10
= $25
So, the consumer surplus is equal to
= $30 - $25
= $5
The Alice's consumer surplus for the pair of jeans is $5. This means that she saved $5 compared to what she was willing to pay, thanks to the $10 coupon she used.
Consumer surplus is a concept in economics that represents the difference between what a consumer is willing to pay for a product and what they actually pay.
In this scenario, we can calculate Alice's consumer surplus as follows:
1. Alice's willingness to pay (WTP) for a pair of jeans is $30.
2. She has a coupon for $10 off, so the actual price she pays is $35 - $10 = $25.
Consumer Surplus = WTP - Actual Price Paid
Consumer Surplus = $30 - $25
Consumer Surplus = $5
It reflects the additional value she gained from the discount and is a measure of her economic benefit from the purchase.
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When Galaxy Ventures, a real estate company, entered the low-cost housing business, the market was already saturated with other players. Thus, the company was forced to exit the market due to lack of customer loyalty and substantial dividends, Galaxy Ventures was facing Multiple Choice O first-mover disadvantages. 0 comparative disadvantages O last-in first-out disadvantages. O absolute disadvantages. O late-mover disadvantages
Answer:
The answer is Late-mover disadvantages
Explanation:
A late mover is a company that enters a business some time after the business pioneers and early followers.
From the question above, Galaxy Ventures is a late mover in the low-cost housing business. They were at a huge disadvantage, and this includes:
First of all, lack of customer loyalty and substantial dividends (from the question).The pioneers and early followers can set the business standards which may be difficult for a late mover to follow.The pioneer can easily create entry barriers that a late-mover might find difficult to break.
The law of demand states that, other things remaining the same, the higher the price of a good, the ________. a. smaller is the quantity of the good demanded. b. larger is the quantity of the good demanded. c. larger is the demand for the good. d. smaller is the demand for the good.
The law of demand states that as the price of a good increases, the quantity of the good demanded decreases.
Explanation:The answer to the question is option a. Smaller is the quantity of the good demanded.
The law of demand states that, other things remaining the same, as the price of a good increases, the quantity of the good demanded decreases. This inverse relationship between price and quantity demanded is represented by the downward-sloping demand curve.
For example, let's consider the market for smartphones. When the price of smartphones increases, fewer consumers would be willing and able to purchase them, resulting in a decrease in the quantity of smartphones demanded.
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Solan Inc. is externally oriented and focused on control. Its primary objectives are productivity, planning, and efficiency. Organizational members are motivated by the belief that performance that leads to the desired organizational objectives will be rewarded. These characteristics show that Solan Inc. has a(n) ______ organizational culture.
Explanation:
The given terms like productivity, planning and efficiency is too close to marketing. We can call the term marketing as "Sales" too. The marketing is the main source of revenue. Without business no industry can survive.Marketing is one of the major department, who actually bring business and thus reaching the organizational objectives.Productivity is one such important characteristics of market. This term is closely associated with a term called "target".Employees are expected to reach target to keep up the business.When the strong dictatorial rule in Beckenstein unexpectedly collapsed due to the shocking death of the royal family in an explosion, the nation's economy experienced drastic changes. The laws became more restrictive, the country lost many locally produced resources and products, and the distribution of wealth became inequitable. The unexpected event that led to these changes can best be described as a(n) _____ event.
Answer:
black swan
Explanation:
Rita, a follower of a certain religion, posts a podcast on the Sabbath! website in which she insists that Congress base all federal law on her religious principles. Under the First Amendment, Rita is guaranteed _______.
a. the right to fair payment for her podcast.
b. the right to a review of her opinion in due process.
c. the power to delegate her view to the federal government.
d. the freedoms of religion and speech.
Option D
Under the First Amendment, Rita is guaranteed the freedoms of religion and speech.
Explanation:The First Amendment to the US Constitution is the section of the Bill of Rights and defends center American civil rights. The First Amendment defends Americans’ rights to the freedom of speech, press, assembly. Ere the twentieth century, most free speech concerns associated prior prescription.
The Court has also acknowledged a list of protests to provisions shielding the freedom of speech. Speech associated with national security or state secrets may likewise not be defended. Particular kinds of speech are not shielded, such as vulgarity, fight words, valid threats, child obscenity
Final answer:
Rita, under the First Amendment, is guaranteed the freedoms of religion and speech, allowing her to express her religious views and advocate for laws through her podcast.
Explanation:
Under the First Amendment, Rita is guaranteed “d. the freedoms of religion and speech.” The First Amendment explicitly states that “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press”, securing both Rita’s right to practice her religion and to express her views publicly through her podcast. It is important to note that while Rita has the right to advocate for laws based on her religious principles, the Establishment Clause of the First Amendment prevents the government from actually enacting laws that establish a religion, thus maintaining a separation of church and state.
On January 2, 20X2, Piranha Company acquired 70 percent of Salmon Corporation's common stock for $420,000 cash. At the acquisition date, the book values and fair values of Salmon' assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 30 percent of the total book value of Salmon. The stockholders' equity accounts of the two companies at the acquisition date are as follows:
Piranh Salmon
Common Stock ($10 par value) $600,000 $350,000
Additional Paid-In Capital 450,000 50,000
Retained Earnings 250,000 200,000
Total Stockholders’ Equity $1,300,000 $600,000
Noncontrolling interest was assigned income of $15,000 in Piranh consolidated income statement for 20X2.
Based on the preceding information, what amount will be assigned to noncontrolling interest on January 2, 20X2, in the consolidated balance sheet?
Answer:
Non Controlling interest (NCI) = 180000
Explanation:
Fair value of assets = Book Values
Total Equity of Salmon on 2 January 2002 = 600000
Share of Net assets NCI 30% = 600000*30% = 180000
There is no change at acquisition so 30% will be applied on book value which is equal to Fair Value.
15,000 income relates to the post acquisition share of profit of NCI.
Final answer:
The noncontrolling interest on the consolidated balance sheet as of January 2, 20X2, will be assigned an amount of $180,000, calculated as 30 percent of Salmon Corporation's total stockholders' equity, which is $600,000.
Explanation:
The given question requires us to determine the amount that will be assigned to the noncontrolling interest on the consolidated balance sheet on January 2, 20X2, after Piranha Company acquired 70 percent of Salmon Corporation. To find this, we need to know the fair value of the noncontrolling interest, which is equal to 30 percent of Salmon Corporation's total book value. From the data provided, the total stockholders' equity for Salmon is $600,000, which means the noncontrolling interest would have a book value of 30 percent of this amount.
Calculation:
Total stockholders' equity of Salmon Corporation: $600,000Percentage for noncontrolling interest: 30%Amount assigned to noncontrolling interest: $600,000 * 30% = $180,000Thus, the amount assigned to noncontrolling interest on the consolidated balance sheet will be $180,000.
The Scarlet Pages, a semi-professional hockey team, prepare financial statements on a monthly basis. Their season begins in October, but in September the team engaged in the following transactions:________
(a) Paid $150,000 to Oklahoma City as advance rent for use of Oklahoma City Arena for the six-month period October 1 through March 31.
(b) Collected $450,000 cash from sales of season tickets for the team’s 30 home games. This amount was credited to Unearned Ticket Revenue.
(c) During the month of October, the Scarlet Pages played five home games.
Answer:
A) September X. Paid $150,000 as advance rent. for 6 months.
Dr Prepaid Rent 150,000 (asset account increases)
Cr Cash 150,000 (asset account decreases)
Since the rent covers a 6 month period, at the end of each month a partial recognition of the rent expense must be made. $150,000 x 1/6 = $25,000
October 31. Recognition of one month of rent (October)
Dr Rent Expense 25,000 (expense account increases)
Cr Prepaid Rent 25,000 (asset account decreases)
B) September X. Collection of $450,000 from sales of season tickets (30 games per season)
Dr Cash 450,000 (asset account increases)
Cr Unearned Ticket Revenue 450,000 (liability account increases)
C) Since 5 games were played during October, 5/30 of ticket revenue must be recognized. $450,000 x 5/30 = $75,000
October 31. Recognition of ticket revenue (5 games).
Dr Unearned Ticket Revenue 75,000 (liability account decreases)
Cr Ticket Revenue 75,000 (revenue account increases)
The subject of this question is Business, and it addresses transactions made by a semi-professional hockey team in September before their season begins in October. It explains the prepaid rent, unearned ticket revenue, and home games played by the team.
Explanation:The subject of this question is Business and it is suitable for College level. The student is seeking clarification on transactions made by a semi-professional hockey team, The Scarlet Pages, in September, before their season begins in October. The transactions mentioned are:
(a) The team paid $150,000 in advance rent to Oklahoma City for the use of Oklahoma City Arena from October 1 to March 31.
(b) The team collected $450,000 in cash from sales of season tickets and credited it to Unearned Ticket Revenue.
(c) During October, the team played five home games.
These transactions provide insights into the financial activities of The Scarlet Pages before their season starts. It involves prepaid expenses, revenue recognition, and the actual games played. Each transaction affects the team's finances in different ways, and understanding these transactions is essential for financial statement preparation and analysis.
You invested a total of $8,400 in shares of the three stocks at the given prices, and expected to earn $248 in annual dividends. If you purchased a total of 200 shares, how many shares of each stock did you purchase?
Answer:
WSR's stock = 100
HCC's stock = 50
SNDK stock = 50
Explanation:
let W = WSR's stock
let H = HCC's stock
let S = SNDK stock
W + H +S = 200
16W + 56H + 80S = 8,400
(16 X 7%)W + (56 X 2%)H + (80 X 2%)S = 1.12W + 1.12H + 1.6S = 248
-1.12(W + H +S) = -1.12 x 200
-1.12W - 1.12H - 1.12S = -224
1.12W + 1.12H + 1.6S = 248
0.48S = 24
S = 24/0.48 = 50
W + H + S = W + H + 50 = 200
W + H = 150
16W + 56H + 80S = 16W + 56H + 4,000 =8,400
16W + 56H = 4,400
-16(W + H) = -16 X 150
-16W -16H = -2,400
16W + 56H = 4,400
40H = 2,000
H = 2,000 / 40 = 50
W + H +S = 200
W + 50 + 50 = 200
W + 100 = 200
W = 100
To find the number of shares of each stock purchased, set up a system of equations.
Explanation:To find the number of shares of each stock you purchased, we can set up a system of equations. Let's assume you purchased x shares of the first stock, y shares of the second stock, and z shares of the third stock. The total number of shares is given by x + y + z = 200.
The total cost is given by the prices of the shares, which we'll call p1, p2, and p3, multiplied by the number of shares: p1x + p2y + p3z = 8400.
Lastly, the total annual dividend is given by the dividend of each stock, which we'll call d1, d2, and d3, multiplied by the number of shares: d1x + d2y + d3z = 248.
From these equations, you can solve for the values of x, y, and z to find the number of shares of each stock you purchased.
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Star Volans Inc. is planning on expanding its business globally. In terms of the costs involved in conducting business in a country, it will be most economical for the company if it chooses a country:
A) Where laws regarding product safety, safety in the workplace, and environmental pollution are extremely stringent.
B) Where politicians are held accountable by the electorate.
C) Where the company will have to provide its own infrastructure and supporting business.
D) With no local laws to protect intellectual property.
E) With a closed totalitarian political system.
Answer:
Option B
Explanation:
Option B is correct because they have a duty to serve the interest of the population by providing them with favourable services and involving them in the making important decisions that is profitable and this would help the establishment of a business that is profitable to the country easy and cheap.
A CPA is aware that a sole proprietor client has "skimmed" unrecorded cash receipts and thus not reported them to the Internal Revenue Service. If the CPA signs the entity's tax return as a CPA after preparing the return, he/she would be violating which AICPA Rule of Conduct?A) Rule 101 Independence.
B) Rule 102 Integrity & Objectivity.
C) Rule 203 Accounting Principles.
D) Rule 301 Confidential Client Information.
Answer:
B) Rule 102 Integrity & Objectivity
Explanation:
Rule 102 states that in carrying out an assignment there should be integrity and objectivity, facts must not be misrepresented, there should be no conflict of interest, and his judgement must not be influenced by others.
The CPA did not correct the financial records which excluded cash receipts in a bid to avoid tax charges. The facts on the records are misleading.
He also signed the document containing false information.
The local electronics store is offering a promotion "1-year: same as cash," meaning that you can buy a tv now, and wait a year to pay (with no in
Answer:
$961.54
Explanation:
To calculate the real price of the TV you would have to determine the present value of the TV's price. The future price of the TV is $1,000 and your discount rate is 4% annual (the same as your bank), so the present value of the TV =
present value = future value / (1 + rate) = $1,000 / 1.04 = $961.54
If your bank is offering an interest of 4%, then the true cost of the television would be $961.54.
How to determine the true costTo determine the true cost means that we find out the present value. The future rate is designated at $1,000 while the rate is 4%. Using the formula for the present value, we would have the following;
Present value = future value / (1 + rate)
= $1,000 / 1.04
= $961.54
So, the present value of the electronic would be $961.54.
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Complete Question:
The local electronics store is offering a promotion "1-year: same as cash," meaning that you can buy a TV now, and wait a year to pay (with no interest). So, if you take home a $1,000 TV today, you will owe them $1,000 in one year. If your bank is offering 4% interest, what is the true cost of the TV to you today?
John is the chief operating officer (CEO) at an advertising company. He conducts bi-weekly meetings with his middle managers through which he motivates them and guides them to achieve their targets. Additionally, John also meets new employees once every few months for general discussions and to brief them about the company's policies and goals. In this case, John exhibits characteristics of the _____ function of management to ensure organizational success.
a. controlling
b. organizing
c. planning
d. leading
Answer:
Leading
Explanation:
Leading function in management is related to that function that focuses on motivation, encourages to another employee. The main motive behind implementing the leading function is to encourage subordinates to achieve the goal that the organisation has set.
In the same way, John, CEO, conducted a general discussion with new employees once in after few months. The Goal of John is to motivate them so that they bring something best for the organization.
Suppose that at a price of $30 per month, there are 30,000 subscribers to cable television in Small Town. If Small Town Cablevision raises its price to $40 per month, the number of subscribers will fall to 20,000. Using the midpoint method for calculating the elasticity, what is the price elasticity of demand for cable television in Small Town?
a. 0.66
b. 0.75
c. 1.0
d. 1.4
e. 2.0
Answer:
-1.4
Explanation:
The computation of the price elasticity of demand using mid point formula is presented below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of quantity demanded)
where,
Change in quantity demanded would be
= Q2 - Q1
= 20,000 - 30,000
= -10,000
And, the average of quantity demanded would be
= (20,000 + 30,000) ÷ 2
= 25,000
Change in price would be
= P2 - P1
= $40 - $30
= $10
And, the average of price would be
= ($40 + $30) ÷ 2
= 35
So, after solving this, the price elasticity of demand is -1.4
The price elasticity of demand for cable television under the given conditions is approximately -1.4, indicating demand is elastic.
Explanation:The price elasticity of demand can be calculated using the midpoint method formula: (change in quantity / average quantity) / (change in price / average price). Let's calculate it for this scenario:
The change in quantity is 20,000 - 30,000 = -10,000 (a decrease, hence the negative sign). The average quantity is (30,000 + 20,000) / 2 = 25,000.
So the quantity part of the equation is -10,000 / 25,000 = -0.4.
The change in price is $40 - $30 = $10. The average price = ($30 + $40) / 2 = $35.he price part of the equation is $10 / $35 = 0.29.
Now, we divide the quantity part by the price part: -0.4 / 0.29. Therefore, the price elasticity of demand is about -1.4 (option d), which means demand is elastic. Remember, ignore the negative sign when stating your final answer – it just indicates that this is a normal good (value decreases as price increases).
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During _______ potential consumers examine a product prototype in a real-use setting to determine its functionality, potential problems, and other issues specific to its use. a. concept testing b. alpha testing c. beta testing d. idea generation
Answer: Beta Testing
Explanation:
Beta Testing is a method used by a production company to test a product they intend sending into a market, by allowing potential consumers of the product to access it and give feedback on the product. The Beta Test helps the producers to give the consumers the product they desire for consumption.
After surviving an ischemic stroke, a client has demonstrated significant changes in his emotional behavior, with his family noting that he now experiences wide mood swings and exaggerated responses of empathy, anger, and sadness to situations. His care team would most likely attribute these responses to ischemic changes in which brain structure?a. The man's occipital lobe
b. The client's temporal lobe in general and Wernicke area in particular
c. The man's parietal lobe
d. The components of the client's limbic system
Answer:
d. The components of the client's limbic system
Explanation:
The limbic system is located on both sides of the thalamus, is responsible for an individual's emotional responses and is also related to the formation if memories.
I hope you find this information useful and interesting! Good luck!
Every organization has many resources, capabilities, and routines; however, those few things the company does really well and are performed with a very high proficiency are termed:______.
A. Core competencies
B. Distinct capabilities
C. Sustainable
Answer:
B. distinct capabilities
Explanation:
Distinct capabilities -
It refers to the capacity or the capability of the specific business or company , which are specifically present in that very company and is of huge importance and profitable for the company , is referred to as distinct capabilities .
These unique feature of the company make the company to stand out from rest of the other companies in the competitive market .
Hence , from the given information of the question ,
The correct option is B. distinct capabilities .
Charlie tells Jamal that Marisol has agreed to allow him to sell her racing bicycle. Marisol is present at the time, hears the conversation, and says nothing. Jamal agrees with Charlie to buy Marisol's bike. Marisol then refuses to sell the bicycle. Marisol claims that she is not bound by the agreement formed by Charlie and Jamal because Charlie is not her agent. Marisol likely is:
a. not bound by the contract because she did not have an agency agreement with Charlie.
b. bound by the contract, under a theory of agency by operation of law.
c. not bound by the contract because of a rescission.
d. bound by the contract, under a theory of agency by estoppel.
Answer:
d. bound by the contract, under a theory of agency by estoppel.
Explanation:
The concept of agency by estoppel is when a principal (Marisol) gives the impression that a third party (Charlie) is acting on their behalf. The third party (Charlie) becomes an agency by estoppel.
Any contract that Charlie enters on behalf of Marisol is binding on her. So the sale of the race bicycle is a contract Marisol should respect.
An economist at the University of Alaska at Anchorage has been asked to explain why the price of Alaskan crude oil has fallen recently. In order to develop a model, the professor should take which steps?a. Identify the problem, develop a model based on simplifying assumptions and test the model to formulate a conclusion.
b. Gather data on crude oil prices and seemingly unrelated variables to look for associations, then formulate a hypothesis based on those unexpected associations.
c. Ask people in Alaska why they are not purchasing oil.
d. None of these. The oil industry is controlled by a cartel; therefore price changes in the industry cannot be explained using economic theories.
Answer:
The answer is: A. Identify the problem, develop a model based on simplifying assumptions and test the model to formulate a conclusion
Explanation:
I got you bruhtha, have a wonderful day, Y.O.L.O
Kayak is a company that allows customers to efficiently search databases to find the best airline and hotel deals all over the Web. Kayak does not make bookings but rather provides recommendations for the best travel plans. Travel providers pay Kayak a commission when customers click through to their sites. Kayak, travelers, the airlines, and the hotels are all part of _________.a. facilitating agency
b. marketing mix intermediary
c. selective promotion channel
d. marketing channel or channel of distribution
e. transportation channel or channel of movement
Answer: (D) Marketing channel or channel of distribution
Explanation:
The marketing channel is one of the type of organization that perform various types of activities for purpose of transmission of the products and the services from the manufacturer to the customer or the end user.
It is also known as the distribution channel and it include the various types of business strategies for promoting the product.
According to the given question, the Kayak is one of the type of organization that publicly allow their database for the purpose of searching the best deals for the hotels or airline.
Therefore, The kayak is one of the part of marketing channel or the channel of distribution.
Making sure that the product meets the design specifications during production is referred to as a. quality of design process b. capability fitness for usec. quality of conformance
Answer:
The correct answer is letter "C": quality of conformance.
Explanation:
Quality of conformance is defined as the ability companies have to produce goods or services that meet the reason they are being provided for. That reason is to satisfy consumers' needs. For firms, it is extremely important to design a product that conveys customers' expectations, otherwise, the whole operation of the company would be a failure.
Arrow Straight Corporation makes archery supplies. While using an Arrow Straight bow, Jamie is injured due to a defect in the bow that causes an arrow to misfire. Kaley, another archer standing by is also injured. In a product liability suit based on strict product liability, Arrow Straight may be liable to
Answer:
Jamie and Kaley
Explanation:
As per product liability, a seller is held responsible for any injury caused by using the product by the consumer, that is sold by the seller. There is no federal law in place but lawsuits can be filed with state or federal court against the seller in case of injuries caused as a result of using defective product.
In this case, bows sold by Arrow Straight caused injuries to Jamie and Kaley. As such, the company is held responsible and may be liable to pay for the damages caused to Jamie and Kaley.
Answer:
Jamie and Kaley.
Explanation:
Strict product liability is the principle that irrespective of the complainant's negligence, a dealer, retailer or supplier is responsible for a manufacturing fault. It doesn't matter if the item's seller, dealer or maker takes proper steps to ensure that the goods are not faulty.
In this situation Arrow Straight Corporation manufactured a bad product, so Arrow straight is liable to Jamie and Kaley.
What is an accurate description of how the political economy of many of the world’s nation-states has changed radically since the late 1980s? a. There has been a move away from centrally planned and mixed economies and toward a more free market economic model. b. New communication technologies have increased countries' ability to control access to uncensored information. c. Market-based economic systems have been replaced by command economies. d. There has been a significant reduction of the middle class. e. Democratic governments have been replaced by totalitarian governments.
Answer:
A. There has been a move away from centrally planned and mixed economies and toward a more free market economic model.
Explanation:
In that period of time, the Soviet union was regarded as the biggest nation who adopted a centrally planned economic model. The country was so poor and a lot of dissatisfaction arise among the people due the centrally planned economic system. Eventually, members of soviet union started to seek their own independence, Leading to the fall of the soviet union in 1991.
The rest of the countries witnessed this Downfall and started to move away from centrally planned and mixed economies toward a free market model. They fear that if they adopted them, their country will fall into poverty just like the Soviet Union.
You know the _____ method of budgeting is being employed after hearing an experienced marketing department manager respond to a new employee's question, "How was the ad budget established last year?" by saying, "The same way it's always been done. I just have an instinct for how much should be budgeted where."
Answer:
Arbitrary allocation.
Explanation:
Arbitrary allocation is a method where costs budgeted are not based on any precise measurement,hence accurate costs could not be arrived at.
This approach to budgeting breeds inefficiencies as the accurate budgeting is expected to lead to accurate costing of products as well as pricing.
All in all,the true profitability of a business cannot be ascertained.
Finally,the organization adopting this type of approach needs to change to other accurate methods of budgeting such incremental or rolling budgeting.
Answer:
A) Arbitrary allocation
Explanation:
Arbitrary allocation of resources is a very commonly used method specially by experienced managers. To be honest, almost all the allocation methods are arbitrary, only that some are less obvious, e.g. percentage of sales is also arbitrary because what percentage is the correct allocation, someone decided because their previous experience favors such a number.
The manager doesn't magically come up with numbers and decides that X should be assigned to this product and Y to that product. He/she bases the decision on previous campaigns as a parameter and then he/she determines an amount.
Of course this type of resource allocation is not the best or more exact way to do it, but it is based on experience and experience also matters. What would be really problematic is that the manager is so stubborn that he/she will not adjust the balance according to the needs. You must remember that all budgets are only estimates, and estimates aren't usually 100% correct (they wouldn't be estimates if they were 100% sure). What is important is to be able to adjust your budget to correct any variances.
If he devotes all of his available resources to cantaloupe production, a farmer can produce 120 cantaloupes. If he sacrifices 1.5 watermelons for each cantaloupe that he produces, it follows that:____________
A. If he devotes all of his available resources to watermelon production, then he can produce 80 watermelons.
B. He cannot have comparative advantage over other farmers in producing cantaloupes.
C. His opportunity cost of one watermelon is 2/3 of a cantaloupe.
D. His production possibilities frontier is bowed-out.
Answer:
C. His opportunity cost of one watermelon is 2/3 of a cantaloupe.
Explanation:
Opportunity cost refers to units of production sacrificed of one good to produce an extra unit of another good.
In the given case, for every 1 unit of Cantaloupe, a farmer is required to sacrifice the production of 1.5 units of watermelon.
This means, production of 1 cantaloupe = production of 1.5 water melons.
Thus, to produce an additional unit of watermelon, sacrifice of 1/1.5 cantaloupe is required.
This means, the farmer's opportunity cost of one watermelon in the form of cantaloupe sacrificed is 2/3 of a cantaloupe.
What is the business importance of managing the quality of business processes? Describe two methods of quality management.
Answer:
2 methods are LEAN and Kaizen
Explanation:
The value of quality management is to help businesses enhance the dependability, longevity and quality of their goods. Such variables distinguish a company from its rivals. Quality products equal more satisfied customers and more income.
Lean is a very diverse management technique. Lean most often uses the term theory to be embraced by the company (business). Lean is based on a number of fundamental principles. It is essentially the organization's attempt to improve constantly in all aspects and prevent unnecessary waste.
Kaizen is an development process centered on Japanese cultural heritage. The focus of the enhancement is to progressively optimize methods and working practices, improving quality and reduce scrap, save resources and time to reduce costs, increase workplace safety and reduce working-place hazards.
Answer:
a) Business processes is a set of activities and tasks that once completed, will accomplish an organizational goal.
Therefore, the importance of managing the quality of business processes is that it can help you improve your overall operations, It can minimize your expenditures, give you better control of the execution of tasks, pinpoint operational deficiencies, and give you insights to make better business decisions.
b) Two Methods Of Quality Management
1. DMAIC - Improvement Cycle is a universally applicable method of gradual improvement. It is used for any improvement - for example, quality of products, services, processes, applications, data. Each stage in the cycle helps achieve a real improvement. Improvement cycle phases are:
D (Define) - objectives are defined, it is described subject and improvement objectives (product, service, process, data, etc.)
M (Measure) - measurement of initial conditions in term of the principle “what I don’t measure, that I don’t control”
A (Analyze) - analysis of the facts, causes of deficiencies
I (Improve) - key phase of the whole cycle, in which the improvement is based on analyzed and measured facts
C (Control) - improved deficiency should be introduced - to manage and maintain the improvements in life .
2) CAF Model (Common Assessment Framework) is a quality management tool, which was created for the conditions of public sector organizations.The basis of the CAF is self-assessment which helps the organization to identify both its strengths and also get an overview of activities leading to the continuous improvement of the organization’s performance.
Explanation:
A financing project is acceptable if its IRR is:
A. exactly equal to its net present value (NPV).
B. exactly equal to zero.
C. greater than the discount rate.
D. less than the discount rate.
E. negative.
A financing project is considered acceptable if its Internal Rate of Return (IRR) is greater than the discount rate, ensuring that the investment yields a return over the minimum required rate, thus indicating potential profitability.
Explanation:When assessing a financing project, one of the key factors considered is the Internal Rate of Return (IRR). The IRR is compared against the project's discount rate, which represents the opportunity cost of capital or the required rate of return. A project is considered acceptable if its IRR is greater than the discount rate. The IRR exceeds the discount rate means the project's return surpasses the minimum threshold required by investors or the company itself, indicating that it is expected to generate value.
The correct answer to the question is C: A financing project is acceptable if its IRR is greater than the discount rate. This criterion ensures that the investment's returns compensate for both the time value of money and the risk associated with the project. Choosing projects with an IRR above the discount rate can lead to increased profitability and a positive net present value (NPV).
Remember that IRR, NPV, and the discount rate are interrelated concepts in the field of finance, used to make informed investment decisions and evaluate potential projects' profitability.
A firm's information policy includes rules that lay out who is responsible for updating and maintaining the information in a database system. True False
Answer:
True
Explanation:Information policy can be seen a singular set of policies made public by an organization to make sure that all her IT users in the domain or network of the organization comply with guidelines and regulation related to the protection of the information stored online/digitally at any point within the organization's boundaries of authority or in the network.
When the environment becomes more turbulent and unpredictable: a. External consultants need to play a greater role in strategy making b. Strategy becomes an impossible exercise c. Strategy becomes less important than intuition d. Strategy becomes an increasingly important as a source of direction
Answer:
The answer is d. Strategy becomes an increasingly important as a source of direction
Explanation:
Which of the following changes in the loanable funds market will decrease the equilibrium real interest rate?
a.A decrease in private savings
b.A decrease in the expected inflation rateBAn increase in government spending on highways financed by borrowing
C.An increase in foreign financial capital inflows
D.An investment tax credit for plant and equipment
Answer:
The answer is Option C
Explanation:
Any event that would either decrease the demand for loanable funds or increase the supply of loanable funds will decrease the equilibrium interest rates. Supply of loanable funds is affect by the amount of national savings. National savings in turn, is the sum of private savings, public saving and net capital inflow.
In option C, capital inflows are increasing. This means that there would be an excess supply of money in the economy which can be converted into loanable funds. This would, therefore, push the supply curve to the right thereby reducing the real interest rate equilibrium.
The loanable funds market will see a decrease in real interest rates if there is C. An increase in foreign financial capital inflows.
The interest rate in the loanable funds market will decrease when the supply of funds increases. This can happen when:
People begin to save more The government embarks on an expansionary monetary policy More foreign funds came into the countryThe increase in foreign financial capital means that there is now more money to loan to people so the interest rates will decrease.
In conclusion, an increase in funds will decrease the interest rates.
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