To prepare the operating activities section of the statement of cash flows using the indirect method for the year ended December 31, 2019, we start with a net income of $10,000 and make adjustments for non-cash items and changes in working capital accounts.
First, we add back the depreciation expense of $2,000 since it is a non-cash expense. We also add back the amortization of the patent of $100.
Next, we adjust for changes in working capital accounts. We subtract the decrease in accounts receivable of $300 since it represents cash received from customers. We also subtract the decrease in inventory of $200 since it represents cash used to purchase inventory. We add the increase in accounts payable of $400 since it represents cash used to pay for purchases on credit.
Finally, we subtract dividends paid on the common stock of $900 since it is a financing activity and not an operating activity.
Putting it all together, the operating activities section of the statement of cash flows using the indirect method for the year ended December 31, 2019 is as follows:
Net income: $10,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense: $2,000
Amortization of patent: $100
Decrease in accounts receivable: ($300)
Decrease in inventory: ($200)
Increase in accounts payable: $400
Net cash provided by operating activities: $11,000
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Where can a Member find the Top Answers page relating to HR questions?
A Member can find the Top Answers page relating to HR questions by visiting the website of a reputable HR consulting firm or industry organization, such as the Society for Human Resource Management (SHRM).
These organizations often have a knowledge center or resource library on their website that includes frequently asked questions and top answers related to HR topics. Additionally, online communities such as Quora or LinkedIn may have groups or forums dedicated to HR professionals where members can find top answers to their questions.
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Even though it is now showing signs of difficulties, in what way has MillerCoors already beat the odds? a. It has been able to substantially reduce costs. b. It has been able to both create value for customers and reduce operating costs. c. It has increased market share for its main products. d. It has been successful for its first six years.
The correct answer is b. MillerCoors has been able to both create value for customers and reduce operating costs.
Despite facing difficulties, the company has managed to beat the odds by focusing on improving the overall customer experience while also finding ways to cut costs and operate more efficiently.
This has allowed MillerCoors to remain competitive in the market and attract new customers, while also keeping existing customers satisfied with their products and services.
While they may not have necessarily increased their market share, they have still managed to maintain a strong position in the market and remain successful for their first six years.
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In the early years of an asset's life, a firm using the double-declining balance method, as compared to a firm using straight-line depreciation, will report higher a. tax expense b. operating cash flow c. operating income
The correct answer is a. tax expense. When using the double-declining balance method, the depreciation expense is higher in the early years of an asset's life compared to the straight-line method. This results in a lower taxable income, which in turn reduces the tax expense.
However, in later years, the opposite may occur as the depreciation expense decreases rapidly with the double-declining method, resulting in higher taxable income and tax expense.
In the early years of an asset's life, a firm using the double-declining balance method, as compared to a firm using straight-line depreciation, will report higher operating income. This is because the double-declining method results in larger depreciation expenses initially, which reduces taxable income and tax expense, leading to higher operating income.
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what are the two types of pressures that companies are under when expanding internationally? pressure to lower prices pressure to adapt locally pressure to lower costs pressure to provide global quality
When expanding internationally, companies are typically under two types of pressure: pressure to adapt locally and pressure to provide global quality. The pressure to adapt locally refers to the need for companies to tailor their products, services, and marketing strategies to the specific cultural, economic, and legal contexts of the countries they are expanding into.
On the other hand, the pressure to provide global quality refers to the need for companies to maintain consistent quality standards across all their international operations while also complying with local regulations and meeting customer demands. While companies may also face pressure to lower prices and costs, these pressures are often secondary to the need to adapt locally and provide global quality in order to succeed in the international market.
1) Pressure to lower costs and adapt locally: When companies expand internationally, they face competition from local businesses. To stay competitive, they need to lower their costs, which can include production, transportation, and marketing costs. Additionally, they must adapt their products or services to meet local preferences and regulations. 2) Pressure to provide global quality while maintaining competitive prices: Companies must ensure that their products or services maintain a high level of quality that is consistent across all markets. This can be challenging due to varying regulations and consumer preferences in different countries. At the same time, they must keep their prices competitive, which requires efficient cost management and continuous improvement of their offerings.
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suppose a monopolist faces a demand curve of p=20-.5q and a constant marginal cost of $4. what is the profit maximizing quantity?
To find the profit-maximizing quantity for a monopolist facing a demand curve of p=20-0.5q and a constant marginal cost of $4, follow these steps:
1. Write down the demand curve: p = 20 - 0.5q
2. Calculate total revenue (TR): TR = pq = (20 - 0.5q)q
3. Find the marginal revenue (MR) by taking the derivative of TR with respect to q: MR = d(TR)/dq = 20 - q
4. Set the marginal revenue (MR) equal to the marginal cost (MC): 20 - q = 4
5. Solve for the profit-maximizing quantity (q): q = 16
So, the profit-maximizing quantity for this monopolist is 16 units. This is because, at this quantity, the additional revenue the monopolist earns from selling one more unit (marginal revenue) is equal to the additional cost of producing that unit (marginal cost).
In this situation, the monopolist maximizes its profit by producing and selling 16 units.
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confirmations are ordinarily used to verify account balances, but may be used to verify transactions. question content area bottom part 1 true false
Confirmations are ordinarily used to verify account balances, but may be used to verify transactions.
How the confirmations are ordinarily used to verify account balances?
Accounts receivable confirmations must be controlled by the client from the time they are prepared until the time they are returned to the auditor.Confirmations are ordinarily used to verify account balances, but they may also be used to verify transactions. In the context of the content area at the bottom part 1, This section does not address the extent or timing of confirmation procedures. Guidance on the extent of audit procedures (that is, considerations involved in determining the number of items to confirm) is found in section 350, Audit Sampling, and Auditing Standard No. 13, The Auditor's Responses to the Risks of Material Misstatement. Guidance on the timing of audit procedures is included in Auditing Standard No. 13, The Auditor's Responses to the Risks of Material Misstatement. this statement is True.
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A wedding party hired a sole proprietorship to cater their wedding. In this situation the sole proprietorship is a corporation and the employee who handled the job is a partner. If the sole proprietorship is a corporation and its employee poisons the cake, then who is liable?
Only the employee who poisoned the cake is liable.
Only the employee who poisoned the cake is liable.
Only the sole proprietorship is liable.
Only the sole proprietorship is liable.
The corporation is liable.
The corporation is liable.
Only the partner is liable.
If the sole proprietorship is a corporation and its employee poisons the cake, then only the sole proprietorship is liable. The second option is correct.
A sole proprietorship, also known as a sole tradership, individual entrepreneurship, or proprietorship, is a type of business owned and operated by a single person with no legal distinction between the owner and the business organisation. A sole trader does not always work alone and may hire others.
The solo trader receives all profits and is personally liable for any losses and debts. Every asset of the business is owned by the proprietor, as are all obligations of the business; the business is not a separate legal entity.
Thus, the sole trader is the only owner of the business he is liable for any action of his employees.
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_______ occurs when an organization absorbs new elements into its leadership structure to avert threats to its stability or existence.
Organizational adaptation occurs when an organization absorbs new elements into its leadership structure to avert threats to its stability or existence.
Organizational adaptation refers to the process by which organizations adjust and modify their structures, strategies, and processes in response to internal or external changes or challenges. One form of organizational adaptation is cooptation, which involves bringing in new elements into the organization's leadership structure to address threats to its stability or existence.
When an organization is faced with external or internal challenges, such as shifts in market demand, changes in regulations, or internal conflicts, it may need to adapt in order to remain competitive and survive. Organizational adaptation can take many forms, including changes to its leadership structure, its strategies and processes, or its products or services.
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amelia is sorting invertebrates collected in a biodiversity survey and encountered an animal with a segmented body plan. to which group of animals does it belong?
a.mollusks
b.annellids
c.cnidarians
d.roundworms
Amelia encountered an animal with a segmented body plan among the invertebrates collected in a biodiversity survey. This animal belongs to the group of animals known as annelids. So the correct answer is:
b. Annelids
Annelids belong to the phylum annelida in the kingdom Animalia. They are invertebrates. They are triploblastic, coelomate, bilaterally symmetrical and metamerically segmented animals. The body shape is generally elongated, cylindrical or flattened. They have a closed circulatory system. Each segment in their body has a separate coelom and this coelom acts as a hydraulic skeleton that allows movement of the body. They have nephridia for excretion and osmoregulation. Examples of annelids are Nereis, Pheretima, etc.
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A time series is said to exhibit an additive seasonality a) when the seasonal fluctuations vary depending on the overall level of the time series b) when the time series is stationary c) when the time series is contaminated by irregular interventions such as promotions d) when the seasonal fluctuations vary Independently of the overall level of the time series
The correct answer is option d) when the seasonal fluctuations vary independently of the overall level of the time series.
In time series analysis, seasonal patterns are often present, and they refer to regular fluctuations that occur during specific periods, such as monthly or quarterly. Seasonality can be either additive or multiplicative. When the seasonal fluctuations vary independently of the overall level of the time series, this is known as additive seasonality. Interventions refer to unexpected or irregular events that occur during the time series, such as promotions, natural disasters, or economic crises. They can affect the overall level of the time series or disrupt its seasonal patterns. Therefore, option c) is incorrect because interventions are not a characteristic of seasonal patterns, but rather irregular events that can affect any aspect of the time series.
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The correct answer is d) when the seasonal fluctuations vary independently of the overall level of the time series. Additive seasonality refers to the pattern of seasonal fluctuations that are added to the overall level of a time series. Interventions, such as promotions or changes in marketing strategy, can disrupt this pattern and cause irregular fluctuations. Seasonal fluctuations can also vary in intensity depending on the overall level of the time series, but this is known as multiplicative seasonality. Understanding the type of seasonality present in a time series is important for accurately forecasting future trends and implementing effective interventions.
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NOT part of net investment income for purposes of calculating the Net Investment Income tax?
Veteran's benefits Interest income Passive activity income
Annuity income
Veteran's benefits and annuity income are not part of net investment income for purposes of calculating the Net Investment Income tax.
The Net Investment Income tax is a 3.8% tax on certain investment income for taxpayers with adjusted gross income above a certain threshold. The investment income subject to this tax includes interest, dividends, capital gains, rental income, and passive activity income.
While interest income and passive activity income are part of net investment income subject to the tax, veteran's benefits and annuity income are generally excluded. Veteran's benefits are typically not considered investment income, as they are payments made to veterans and their families for their service to the country. Similarly, annuity income may be excluded from net investment income if it is considered a return of capital rather than a return on investment.
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which is the best function stub for a function that calculates an item's tax?
A function called "calculateTax" that accepts the item's price as an input and returns the computed tax amount would be the finest function stub for a function that computes an item's tax.
The best function stub for a function that calculates an item's tax would be a function named "calculateTax" that takes in the price of the item as a parameter and returns the calculated tax amount. The function should have a clear and descriptive name that indicates its purpose, and it should perform the necessary calculations to determine the appropriate tax based on the applicable tax rate.
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most fixed manufacturing costs are controlled by production supervisors. question content area bottom part 1 true false
Production supervisors are typically responsible for managing variable costs, such as labor and materials, to control the overall cost of production. The statement is False.
Most fixed manufacturing costs, such as rent and equipment, are not directly controlled by production supervisors. They are typically set by upper management or the finance department and cannot be easily adjusted in the short term.
Cost of production supervisors is responsible for managing variable costs that can be directly controlled, such as labor and materials, to minimize waste and optimize productivity. Fixed costs, on the other hand, are typically predetermined and cannot be adjusted easily in the short term. Upper management or the finance department is typically responsible for setting fixed costs, such as rent, equipment, and insurance.
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discuss the pros and cons to customizing the system? do-case us army
Low costs, quicker and easier updates, and continued complete vendor support are benefits of utilizing a Vanilla (non-customized) implementation style.
The disadvantage of this approach is that a business has little control over functionality and is forced to select from "out of the box" procedures and functionalities. Having a rigorous ERP system forces an organization to undertake adjustments frequently. Customizations entail writing unique code for the software in order to offer additional capabilities.
On the other hand, configurations are ways to alter data fields, workflows, and other parameters without modifying the main code. ERP software customization is the process of molding an existing platform-based or custom enterprise resource planning system in accordance with an owners' vision through significant coding adjustments.
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A student is fixing flat tires to earn spending money. The student can fix 25 tires in 1 hour 40 minutes. What is the student's productivity? Productivity = Outputs / Inputs Efficiency = 100% (Actual Outputs / Standard Outputs) A. 15.000 tires/minute B. 0.250 tires/minute C. 25.625 tires/minute D. 4.000 tires/minute E. 0.067 tires/minute
To determine the student's productivity in fixing flat tires, we will use the formula Productivity = Outputs / Inputs. In this case, the student can fix 25 tires in 1 hour and 40 minutes. First, we need to convert 1 hour and 40 minutes to minutes:
1 hour = 60 minutes
40 minutes = 40 minutes
Total = 60 + 40 = 100 minutes
Now, we can calculate the student's productivity:
Productivity = Outputs / Inputs
Productivity = 25 tires / 100 minutes
Productivity = 0.25 tires/minute
So, the student's productivity is 0.25 tires/minute, which corresponds to option B.
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To determine the student's productivity in fixing flat tires, we will use the formula Productivity = Outputs / Inputs. In this case, the student can fix 25 tires in 1 hour and 40 minutes. First, we need to convert 1 hour and 40 minutes to minutes:
1 hour = 60 minutes
40 minutes = 40 minutes
Total = 60 + 40 = 100 minutes
Now, we can calculate the student's productivity:
Productivity = Outputs / Inputs
Productivity = 25 tires / 100 minutes
Productivity = 0.25 tires/minute
So, the student's productivity is 0.25 tires/minute, which corresponds to option B.
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How does the average Job Sat. score compare to the goal? Please show your work :)
A. It is 2.4% lower than the goal
B. It is 1.5% higher than the goal
C. It is 1.8% higher than the goal
D. It is 2.4% higher than the goal
E. It is 7.1% higher than the goal
Determine which option matches the calculated percentage difference.
Calculate the average Job Sat.
How does the average Job Sat?
To determine how the average Job Satisfaction (Job Sat.) score compares to the goal,
Calculate the average Job Sat. score by adding all the individual scores and dividing by the total number of scores.
Compare the average Job Sat. score to the goal by finding the percentage difference between the two values.
Determine which option matches the calculated percentage difference.
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Consider that your profit-maximizing quantity of 300 can be produced at an average cost per unit of $11 and sold for a market price of $18. What is your profit per unit? $ What is your total profit?
The total profit will be around $1450 and profit per unit will be $15.
What is profit?Profit is defined in economics as the difference between an economic entity's total input expenses and revenue from outputs. Total income less total expenses, including both direct and indirect expenses, equals total cost. When a product is sold for more than it costs to produce it, a profit is made (that is the price at which the product was originally bought). Determine your level of success by calculating your profit. This will also show you where your company is making money and where you are spending it. Subtracting total expenses from complete revenue will yield your company's profit.
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For each scenario, indicate whether or not a standard costing system would be beneficial in that situation and explain why or why not. Each scenario is independent of the other scenarios. (Abbreviations used: GL = general ledger. A selection may be used more than once.)Yes or no and why?reasons listed below1.Changes happen daily2.inventory is trying to be eliminated3. Lack of timeliness4. product costs are entered into GL inventory accounts at standard cost, rather than actual cost5. robot will likely not having the variance that humans would6.the company is using real time operating performance metrics7. unintended behavioral consequences8. usefulness in budgeting9. variances would be identified as soon as they occur
1. No, a standard costing system would not be beneficial in this situation since changes happen daily.
What is costing system?Costing system is an important tool for identifying and measuring the costs associated with a given product, project or service. It is an important part of the overall budgeting process for an organization.
2. No, a standard costing system would not be beneficial in this situation since inventory is trying to be eliminated.
3. No, a standard costing system would not be beneficial in this situation due to lack of timeliness.
4. Yes, a standard costing system would be beneficial in this situation since product costs are entered into GL inventory accounts at standard cost, rather than actual cost.
5. No, a standard costing system would not be beneficial in this situation since robot likely not having the variance that humans would.
6. No, a standard costing system would not be beneficial in this situation since the company is using real time operating performance metrics.
7. No, a standard costing system would not be beneficial in this situation since there are unintended behavioral consequences.
8. Yes, a standard costing system would be beneficial in this situation since it can be useful in budgeting.
9. Yes, a standard costing system would be beneficial in this situation since variances would be identified as soon as they occur.
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Jason Jeffries earned $10,200 while working for Brown Company. The company’s
SUTA tax rate is 2.9% of the first $7,000 of each employee’s earnings. Compute the
total unemployment taxes (SUTA and FUTA) that Brown Company should pay on
Jeffries’ earnings. .
Brown Business must pay $245 in SUTA and FUTA unemployment taxes on Jeffries' wages.
How is FUTA 2023 determined?Tax rate for FUTA: 6.0% is the FUTA tax rate. The first $7,000 in annual earnings paid to each employee is subject to tax. The federal or FUTA wage base is referred to as the $7,000 rather frequently. Depending on the laws of each state, your state wage base could differ.
What exactly does FUTA on my paycheck mean?Workers who have lost their jobs are eligible to receive unemployment compensation payments under the Federal Unemployment Tax Act (FUTA), which coordinates with state unemployment programs. The majority of businesses cover both the federal and state unemployment taxes.
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What is the purpose of a boycott? Describe the characteristics of companies and consumers that are likely to be involved in a boycott situation. What circumstances would cause you to consider participating in a boycott?
The purpose of a boycott is to express dissatisfaction with a company, group, or individual by refusing to buy or use their products or services.
Companies and consumers are generally involved in boycotts when they feel that their rights, values or beliefs have been violated by the target. Consumers may be motivated to boycott a company due to unethical labor practices, environmental mismanagement, discrimination, or a variety of other reasons.
Companies may join in a boycott to support a cause, to put pressure on a competitor, or to demonstrate solidarity with their customers.
Circumstances that may cause someone to consider participating in a boycott include ethical or moral violations, political issues, or economic inequality. For example, consumers may boycott a company that does not pay its employees a living wage or that has a history of discriminatory hiring practices.
Companies may boycott a competitor that is engaging in unfair or unethical business practices. Ultimately, boycotts are a way for companies and individuals to use their spending power to send a message and make an impact.
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Suppose demand for labor is given by the equation P = 75 - 2Q and the supply for labor is given by the equation P = 15 + 4Q. Price is the hourly wage rate in dollars and quantity measures the number of workers. Imposing a minimum wage of $70 will result in Labor shortage of 0 and firms will hire 10 None of the above. Labor surplus of 15 and firms will hire 20 workers Unemployment of 0 and firms will hire 15
To analyze the impact of a minimum wage of $70, we first need to find the equilibrium wage and quantity of labor without the minimum wage.
Imposing a minimum wage of $70 will result in none of the above outcomes.
To find the equilibrium quantity of labor, we set the demand and supply equations equal to each other:
75 - 2Q = 15 + 4Q
Solving for Q, we get Q = 15.
Substituting Q = 15 into either the demand or supply equation, we get the equilibrium price of P = $45.
Since the minimum wage of $70 is higher than the equilibrium wage of $45, it will create a surplus of labor, meaning there will be more workers willing to work at the higher wage than there are firms willing to hire at that wage.
To find the quantity of the surplus, we subtract the equilibrium quantity (Q = 15) from the quantity supplied at the minimum wage:
Qs = 15 + 4(70) = 295
Surplus = Qs - Q = 295 - 15 = 280
Therefore, imposing a minimum wage of $70 will result in a labor surplus of 280 and firms will hire 15 workers.
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Suppose demand for labor is given by the equation P = 75 - 2Q and the supply for labor is given by the equation P = 15 + 4Q. Price is the hourly wage rate in dollars and quantity measures the number of workers. Imposing a minimum wage of $70 will result in
Labor shortage of 0 and firms will hire 10
None of the above.
Labor surplus of 15 and firms will hire 20 workers
Unemployment of 0 and firms will hire 15
A smoker who claims that the habit is not as dangerous as antismoking messages suggest, saying "My grandmother smokes and she's in her 80s," is attempting to reduce cognitive dissonance.
True or false
True, When a smoker says, "My grandmother smokes and she's in her 80s," they are seeking to lessen cognitive dissonance by asserting that smoking is not as harmful as anti-smoking messaging indicate.
What is cognitive dissonance, and how would one define it?Cognitive dissonance, which is a sensation of discomfort, is brought on when two or more thinking processes clash with one another. Some instances of contradictory cognitions include beliefs, attitudes, and awareness that one has behaved a certain manner.
Cognitive dissonance is the unease a person feels when their behavior goes against their values or beliefs. Moreover, it can occur if a person has two opposing beliefs at once. Cognitive dissonance is not an illness, condition, or trait. That is a psychological phenomenon, thus anybody might go through it.
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Ceteris paribus, when internal processes are inadequate or even fail, losses can occur that result from what type of risk? Multiple Choice credit risk trading risk operational riskinterest-rate risk
When internal processes are inadequate or fail, losses can occur that result from operational risk. Option C is answer.
Operational risk is the risk of loss resulting from inadequate or failed internal processes, people, and systems or from external events. It includes a wide range of risks, including human error, system failures, fraud, cyber attacks, legal and regulatory compliance failures, and natural disasters. Inadequate or failed internal processes can lead to errors, delays, and other operational failures that can result in financial losses, reputational damage, and other negative impacts on the organization.
Option C is answer.
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CEO wants to assign the budget to each business function for functional strategy execution. As you know that business functions are; Fiance, Operation, IT, Human Resource, Marketing, etc.Based on the opinion, the following are the summarized points.Human resource strategy is 1/4 of financial strategy, 1/4 of operations strategy, and similar to information technology strategy and marketing strategy.The financial strategy has a 3 times impact as operations strategy, and (1/3) times impact on marketing strategy and (1/3) on IT StrategyOperations strategy has 2 times impact as compare to marketing strategy and (1/2) impact on IT Strategy.IT has a 5 times impact on marketing strategy.What would be the first choice for strategy execution?Group of answer choicesOperation StrategyFinance StrategyHUman Resources StrategyMarketing StrategyIT Strategy
Based on the given information, the CEO should prioritize the allocation of budget to the Finance Strategy as it has the highest impact on all other business functions, including Operations, Human Resources, IT, and Marketing.
The Operations Strategy should also be given significant consideration as it has a relatively high impact on Marketing and IT. The Human Resources, IT, and Marketing strategies should be given budget allocation according to their respective impact points. However, the Finance and Operations Strategies should be given the highest priority for effective strategy execution.
Based on the provided information, the first choice for strategy execution should be the Finance Strategy, as it has the greatest overall impact on other business functions.
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Oriole Corp. had total variable costs of $221,100, total fixed costs of $99,000, and total revenues of $330,000. Compute the required sales dollars to break even. Required sales $
Oriole Corp. needs to generate $300,000 in sales to break even, which means that the company's total revenues will just cover its total costs (both fixed and variable).
To compute the required sales dollars to break even, we can use the break-even formula, which is: Break-even point (in sales dollars) = Total fixed costs / (1 - (Total variable costs / Total revenues)) Plugging in the given values
We get: Break-even point = $99,000 / (1 - ($221,100 / $330,000)) = $99,000 / (1 - 0.67) = $99,000 / 0.33 = $300,000
Therefore, Oriole Corp. needs to generate $300,000 in sales to break even, If the actual sales are higher, the company will generate profits.
In other words, the break-even point helps a business understand the level of sales required to operate profitably, and it can be used as a benchmark for future financial planning and decision-making
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when examining the company's sales figures, lyra sees that her salespeople have not achieved sales targets in japan. she is at what stage in the managerial decision-making process?
Lyra is likely in the stage of analyzing data and information, which is a crucial part of the managerial decision-making process. By examining the company's sales figures, she is gathering information and analyzing it to identify areas where sales targets have not been achieved, such as in Japan. This information will inform her decision-making process as she determines what steps to take to improve sales in Japan and reach the company's targets. Therefore, Lyra is in the early stages of the decision-making process, where she is gathering and analyzing data to inform her decisions.
When examining the company's sales figures, Lyra sees that her salespeople have not achieved sales targets in Japan. She is at the "identifying the problem" stage in the managerial decision-making process. This stage involves recognizing that there is an issue or discrepancy that needs to be addressed through the manager's decision-making process.
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Assume, for the United States, that the domestic price of beefwithout international trade is lower than the world price of beef.This suggests that, in the production of beef,
a. the United States has a comparative advantage over othercountries and the United States will export beef.
b. The United states has a comparative advantage over othercountries and the United States will import beef.
c. other countries have a comparative advantage over theUnitedStates and the United states will export beef.
d.other countries have a comparative advantage over the UnitedStates and the United States will import beef.
The United States will import beef if its domestic price is lower than the world price of beef.
If the domestic price of beef in the United States is lower than the world price, it indicates that other countries have a comparative advantage over the United States in the production of beef.
Therefore, the United States will import beef from those countries to meet its domestic demand. This is because importing beef from other countries is cheaper than producing it domestically.
Hence, option d is the correct answer, and the United States will import beef from other countries if its domestic price of beef is lower than the world price.
This situation is common in international trade, where countries specialize in producing goods in which they have a comparative advantage and trade with other countries to meet their demand for other goods.
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Suppose Capital One is advertising a 60-month, 5.05% APR motorcycle loan. If you need to borrow $8,000 to purchase your dream Harley-Davidson, what will be your monthly payment? (Note: Be careful not to round any intermediate steps less than six decimal places.) You have just taken out a $30,000 car loan with a 4% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest?
The monthly payment for the motorcycle loan is $152.34. $99.99 of the first payment goes toward interest and $218.04 goes toward principal.
Time(n) = 60 months
APR (r)= 5.05% = (5.05% / 12) = 0.4208% per month
Borrow amount (P)= $8,000
The loan amount taken = $30,000
Loan amount APR = 4% = (4% / 12) = 0.3333% per month
To calculate the monthly payment for the motorcycle loan, we can use the following formula:
Payment = P * r * (1 + r)^n / ((1 + r)^n - 1)
Payment = [tex]$8,000 * 0.004208 * (1 + 0.004208)^{60} / ((1 + 0.004208)^{60} - 1)[/tex]
Payment = $152.34
The monthly payment for the motorcycle loan is $152.34.
To calculate the breakdown of the first payment on the car loan
Interest = P * r
Principal = Payment - Interest
Interest = $30,000 * 0.003333 = $99.99
Principal = $318.03 - $99.99 = $218.04
Therefore we can conclude that $99.99 of the first payment goes toward interest and $218.04 goes toward principal.
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the average wage was $12 in 2007 and was $22 in 2017. the cpi was 175 in 2007 and 250 in 2017. the percentage change in the real wage was
The percentage change in the real wage from 2007 to 2017 was 28.17%.
To calculate the percentage change in the real wage, we need to adjust the nominal wages for inflation using the Consumer Price Index (CPI).
Real wage = (Nominal wage / CPI) x 100
For 2007:
Real wage = ($12 / 175) x 100 = 6.86
For 2017:
Real wage = ($22 / 250) x 100 = 8.8
Percentage change in real wage = ((New real wage - Old real wage) / Old real wage) x 100
= ((8.8 - 6.86) / 6.86) x 100
= 28.17%
Therefore, the percentage change in the real wage from 2007 to 2017 was 28.17%.
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Consider the impact of a decrease in the money supply. The shock is most likely to affect theA. LM curve.B. FE line.C. IS curve.D. AS curve.
A decrease in the money supply would increase interest rates, leading to a decrease in output. This would cause the IS curve to shift leftward. Therefore, the correct answer is C. IS curve.
A decrease in the money supply would likely lead to a decrease in spending and investment, which would cause a contraction in the economy. This shock would most likely affect the IS curve, as it represents the relationship between interest rates and output in the short run. A decrease in the money supply would increase interest rates, leading to a decrease in output. This would cause the IS curve to shift leftward. Therefore, the correct answer is C. IS curve.
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