The theoretical price for one share in the company, given the dividend would be $ 20
How to find the price of a share ?To find the theoretical price for one share in the company, you can use the Dividend Discount Model which is:
= Next dividend / ( Return on equity - Growth rate)
The next dividend is:
= 5 x ( 1 - 8 %)
= $ 4.60
The theoretical price per share is therefore :
= 4. 60 / ( 15 % - ( - 8 %) )
= 4. 60 / ( 15 % + 8 %)
= 4. 60 / 23 %
= $ 20
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five pounds of raw materials are required for each unit produced. raw materials on hand at the start of the year total 4,800 lbs. the raw materials inventory at the end of each quarter should equal 15% of the next quarter's production needs in materials. budgeted purchases of raw materials in the third quarter would be: quarter1234production in units10,80012,80018,70014,800 five pounds of raw materials are required for each unit produced. raw materials on hand at the start of the year total 4,800 lbs. the raw materials inventory at the end of each quarter should equal 15% of the next quarter's production needs in materials. budgeted purchases of raw materials in the third quarter would be:
The budgeted purchases of raw materials in the third quarter would be 74,675 lbs.
To determine the budgeted purchases of raw materials in the third quarter, we need to calculate the total materials needed for production in the third quarter and subtract the materials on hand at the beginning of the quarter and the materials that are budgeted to be on hand at the end of the quarter.
Total materials needed for production in the third quarter:
18,700 units x 5 lbs per unit = 93,500 lbs
Materials on hand at the beginning of the quarter:
4,800 lbs
Materials budgeted to be on hand at the end of the quarter:
93,500 lbs x 15% = 14,025 lbs
Therefore, the budgeted purchases of raw materials in the third quarter would be:
93,500 lbs - 4,800 lbs - 14,025 lbs = 74,675 lbs
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Modern firms embrace traditional costing system because ABC
systems are obsolete and escalate cost of products.
Group of answer choices
True
False
False, Modern firms do not necessarily embrace traditional costing systems because Activity-Based Costing (ABC) systems are not obsolete and do not necessarily escalate the cost of products.
Activity-Based Costing (ABC) systems are designed to allocate costs to specific activities or processes based on their actual usage of resources, rather than allocating costs based on a single predetermined rate. This approach provides a more accurate picture of the true cost of producing a product or providing a service.
Traditional costing systems, on the other hand, use a single predetermined rate to allocate costs to products or services, which can result in inaccurate cost estimates and misinformed pricing decisions. Therefore, modern firms may choose to implement ABC systems to improve the accuracy of their cost estimates and pricing decisions.
Additionally, ABC systems can also help modern firms identify areas where they can reduce costs and increase efficiency by identifying which activities or processes are driving the most cost. This allows them to focus on improving those specific areas, rather than making across-the-board cost-cutting measures that may not be effective.
In summary, modern firms may choose to embrace ABC systems instead of traditional costing systems because they provide more accurate cost estimates, better pricing decisions, and help identify areas for cost reduction and efficiency improvement. Therefore, the statement "Modern firms embrace traditional costing system because ABC systems are obsolete and escalate cost of products" is false.
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Job Costing Versus Process Costing. Indicate whether each of the firms listed in the following would use job costing or process costing.
Oil refinery
Builder of pools
Cereal producer
Legal firm
Upholstery repair shop
Sport drink producer
Toner cartridge producer
Landscape design firm
a landscape design firm would use job costing because its projects are unique and require individual cost tracking for effective management and decision-making.
A landscape design firm would use job costing. Here's a step-by-step explanation:
1. Job costing is a method of cost accounting used for unique, customizable products or services. Each job is treated as a separate cost unit, and costs are tracked individually for each job.
2. Process costing, on the other hand, is a method of cost accounting used for homogeneous, mass-produced products or services. Costs are tracked in aggregate for the entire production process and then averaged over all units produced.
3. In a landscape design firm, each project is unique and tailored to the specific needs and preferences of the client. The design, materials, labor, and other resources required will vary from one project to another. Therefore, it's essential to track costs individually for each job to accurately determine profitability and manage resources.
4. Using job costing in a landscape design firm allows for accurate pricing, better cost management, and improved decision-making. It enables the firm to analyze the profitability of each job and make informed decisions about future projects.
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1. Compare Haudenosaunee metaphysics to other metaphysical theories discussed in this chapter.
How are they similar or different?
The Six Nations Polytechnic, near Brantford, Ontario, has developed the Indigenous Knowledge Centre (IKC)—a collaboration between the Six Nations community and McMaster University. The IKC seeks to preserve and pass on the traditional teachings of the nations that make up the Haudenosaunee (the Six Nations Confederacy). In a paper that describes the IKC’s cultural underpinnings, Haudenosaunee philosophy is described as being like a tree: It has deep roots (the past), it flowers above ground (the present) and produces seeds (the future). Its branches hold the knowledge of countless generations from which we can draw comfort and shade.
Haudenosaunee metaphysics is defined as follows:...our worldview comes from the Creation Story, the Original Instructions and is expressed in ourAnnual Cycle of Ceremonies of Thanksgiving. These things give us a sense of the universe and how it functions. It also creates and maintains both personal and spiritual relationships with all of the forces within that universe. Our worldview teaches us that we exist on purpose, with a sacred intent and a duty to uphold the human responsibility to nature. It teaches us that there are several realms to our universe, unseen forces at work, and that parallel worlds exist which can sometimes be visited by humans Dr. Leanne Simpson, a citizen of the Nishnaabeg First Nation and past Director of Indigenous
Environmental Studies at Trent University, sees
this recovery of a more unified, ecological vision
as something that requires deconstruction, or
"Anticolonial Strategies for the Recovery and
Maintenance of Indigenous Knowledge." From a
more holistic view, she writes the following:
Our spiritualities, identities, languages, and
systems of governance come from the land.
The sustenance of our wisdom, worldviews,
philosophies, and values comes from the land.
The source of our knowledge and our teachers
themselves come from the land and the spirit-
world it encompasses.
Haudenosaunee metaphysics is unique compared to other metaphysical theories discussed in the chapter as it is deeply rooted in the Creation Story and the Original Instructions, which provides a sense of the universe and how it functions. This worldview creates and maintains personal and spiritual relationships with all of the forces within the universe, and teaches us that we have a duty to uphold the human responsibility to nature. Similar to other metaphysical theories, Haudenosaunee metaphysics recognizes the existence of unseen forces at work and parallel worlds that can be visited by humans. However, what sets it apart is its emphasis on the interconnectedness between humans and nature, and the importance of maintaining a balance between the two. The recovery and maintenance of Indigenous knowledge, according to Dr. Leanne Simpson, requires a deconstruction of colonialism and a return to a more unified, ecological vision that recognizes the source of knowledge and wisdom comes from the land and the spirit world it encompasses.
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Which one of the following best explains the impact on a firm that accepts a project with a negative NPV? a. negative cash flows b. decrease in the value of the firm c. high marginal cost of capital d. low initial returns
The best explanation for the impact on a firm that accepts a project with a negative NPV is option b, a decrease in the value of the firm. A negative Net Present Value (NPV) indicates that the expected cash inflows from the project are not sufficient to cover the initial investment and the cost of capital.
Accepting a project with a negative NPV means that the present value of the project's cash flows is less than the initial investment, resulting in a loss for the firm. As a result, the project will not generate a positive return on investment and will lead to a decrease in the value of the firm. This loss will decrease the overall value of the firm and may have negative consequences for its shareholders and investors. Options a, c, and d may also be relevant factors in certain situations, but they do not directly address the impact of a negative NPV project on the firm's value.
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Based on the scenario below, determine the violations of the AICPA Code of Professional Conduct. State which rules are violated and how the parties’ actions violated those rules.
The blues company hired dan wilson, a cpa, and a member of the aicpa, to perform the financial statement audit for its current year. halfway through the audit, the blues company president released dan wilson from the engagement due to several disputes with management. dan wilson was not paid for performing his part of the audit, and he did not give his working papers to blues company to use. the working papers contained several adjusting journal entries as well as company analysis, among other things that blues company cannot recreate.
Wilson's actions violated several rules of the AICPA Code of Professional Conduct, including Independence, General Standards, Confidential Client Information, and Commissions and Referral Fees.
There are several violations of the AICPA Code of Professional Conduct in this scenario. The first violation is Rule 101- Independence. Dan Wilson, as a member of the AICPA, is required to maintain independence in both fact and appearance when performing an audit. However, by being released from the engagement due to disputes with management, it suggests that Wilson may not have been independent and objective in his audit.
The second violation is Rule 201- General Standards. This rule requires CPAs to comply with professional standards and exercise due professional care in performing their work. By not providing the working papers to Blues Company, Wilson violated the professional standard of maintaining adequate documentation to support the audit findings. This lack of documentation also means that Wilson did not exercise due professional care in performing the audit.
The third violation is Rule 301- Confidential Client Information. This rule requires CPAs to maintain the confidentiality of client information obtained during the course of their work. By not providing the working papers to Blues Company, Wilson violated this rule by not protecting the confidentiality of the information contained in the working papers.
Finally, the fourth violation is Rule 503- Commissions and Referral Fees. This rule prohibits CPAs from receiving commissions or referral fees for services provided to clients. By not being paid for his work, Wilson may have been in violation of this rule by not receiving the appropriate compensation for his services.
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multiple choice qu 16-10 (static) auditors perform interim work...auditors perform interim work at various times throughout the year. the auditors' subsequent events work should be extended to the date of:
The auditors' subsequent events work should be extended to the date of the auditors' report. The answer is A.
Subsequent events refer to events or transactions that occur after the balance sheet date but before the issuance of the auditors' report. The purpose of performing subsequent events procedures is to ensure that the financial statements remain accurate and complete up until the auditors' report is issued.
The auditors' report is the final communication by the auditors regarding their opinion on the fairness of the financial statements. Therefore, the subsequent events work should be extended up to the date of the auditors' report to capture any relevant events or information that may impact the financial statements.
Extending the work to the date of a postdated footnote, the final billing for audit services rendered, or the next scheduled interim visit would not be appropriate as they do not align with the completion of the audit process and issuance of the auditors' report. Thus, the auditors' subsequent events work should be extended to the date of the auditors' report.
Hence, A is the right option.
The complete question is:
Auditors perform interim work at various times throughout the year. The auditors' subsequent events work should be extended to the date of:
A. the auditors' report.
B. a postdated footnote.
C. the final billing for audit services rendered.
D. the next scheduled interim visit.
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TRUE OR FALSE fluctuating demand occurs when demand changes slightly in response to a big change in consumer demand.
The statement is false because fluctuating demand refers to the changes in demand over a period of time, whether it is gradual or sudden, rather than the magnitude of the change in consumer demand.
Fluctuating demand refers to a situation where there are constant fluctuations or variations in demand for a product or service due to various factors such as seasonality, economic conditions, and consumer preferences. Fluctuations in demand can be small or large, and they can occur in response to various stimuli.
However, the statement implies that a big change in consumer demand leads to only slight changes in demand, which is not an accurate representation of how demand fluctuations occur. In reality, big changes in consumer demand can lead to significant changes in demand for a product or service.
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Alexis de Tocqueville observed and wrote about the United States. If you were asked to observe the United States from 1820-1848, what would you write about? What would be the most significant issues for your readers? How would you summarize the United States during this time? Be Specific! Using-
-development of the two-party system
-abolitionism
-women's rights
If I were to observe the United States from 1820-1848, I would write about the development of the two-party system, abolitionism, and women's rights as some of the most significant issues for my readers.
The development of the two-party system during this time was marked by the emergence of the Democratic and Whig parties. This system greatly influenced the political landscape and would be important for readers to understand, as it shaped election outcomes, policy-making, and the nation's ideological direction.
Abolitionism was another critical issue, with many people advocating for the end of slavery. The movement gained momentum during this period, with notable figures such as Frederick Douglass and Harriet Tubman emerging as leaders. Readers would be interested in the ongoing debates and efforts to eradicate slavery, which was a defining moral and political struggle.
Lastly, women's rights were also coming to the forefront during this time. The Seneca Falls Convention in 1848, led by Elizabeth Cady Stanton and Lucretia Mott, marked a pivotal moment for the women's rights movement. Readers would be keen to learn about the progress in women's suffrage and the fight for gender equality.
In summary, the United States during 1820-1848 was characterized by the development of the two-party system, the rise of abolitionism, and the emergence of women's rights as significant social and political issues. These topics would be of utmost importance to readers seeking to understand the complexities and challenges of this era.
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In the blank phase of the five-step marketing planning process, marketing managers identify and evaluate different opportunities by engaging in a process known as segmentation, targeting, and positioning. multiple choice question. control implementation performance planning
The blank phase of the five-step marketing planning process is the planning phase. During this phase, marketing managers identify and evaluate different opportunities through a process called segmentation, targeting, and positioning.
This involves breaking down the market into smaller segments, selecting the most profitable segments to target, and positioning the product or service in a way that appeals to those segments. The planning phase also includes setting goals, establishing budgets, and developing a marketing mix strategy.
Once the planning phase is complete, the marketing team moves on to the implementation phase, where they put the plan into action, and then onto the control phase, where they monitor and evaluate performance to make necessary adjustments.
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____ are measures of progress toward a goal, taken at intervals prior to the program's completion or the anticipated attainment of the final goal.
"Assessments" are measures of progress toward a goal, taken at intervals prior to the program's completion or the anticipated attainment of the final goal.
Typically, business assessments focus on four main areas: customer and staff satisfaction, operational efficiency, and financial health By investigating every one of these areas, you can distinguish amazing open doors for development and roll out the improvements important to take your business to a higher level.
These assessments help monitor and evaluate the progress made, allowing for adjustments and improvements as needed to reach the desired goal more effectively.
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which of the following conditions is (are) necessary for price discrimination? choose one or more: a. knowing either the gender or ethnicity of consumers b. understanding the prices charged by competitors c. preventing resale d. distinguishing groups of buyers
The conditions necessary for price discrimination are preventing resale and distinguishing groups of buyers. The correct option is c and d.
Preventing resale is essential for price discrimination because if buyers are able to resell a product, the prices would equalize across markets, and price discrimination would not be effective. Distinguishing groups of buyers is also necessary because if all buyers are charged the same price, then price discrimination would not be possible. Companies need to identify different groups of buyers with different price elasticities of demand and then charge different prices to each group.
Understanding the prices charged by competitors may be helpful, but it is not a necessary condition for price discrimination. Knowing the gender or ethnicity of consumers is irrelevant for price discrimination because it does not necessarily correspond to different price elasticities of demand. Thus, the key conditions for price discrimination are preventing resale and identifying different groups of buyers with different price elasticities of demand. The correct option is c and d.
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A monopolist monopsonist faces labour supply w= 40+0.05L, market demand p= 600-7.5q and has a production function q= 0.1L.
how much output will this firm produce? how much labour will the firm hire? provide a labelled diagram showing the amount of equilibrium wage and the amount of labour
The monopolist firm will produce 40 units of output and hire 400 units of labor.
To determine the output and labor that the monopolist monopsonist firm will produce and hire, we first need to find the marginal revenue product of labor (MRPL) and the marginal cost of labor (MCL).
We will then set MRPL equal to MCL to find the equilibrium wage and labor.
1. Calculate the marginal product of labor (MPL):
MPL = d(q)/d(L) = d(0.1L)/d(L) = 0.1
2. Calculate the marginal revenue (MR):
MR = d(TR)/d(q) = d((p*q)/d(q) = d((600-7.5q)*q)/d(q) = 600-15q
3. Calculate the MRPL:
MRPL = MPL * MR = 0.1 * (600-15q)
4. Calculate the MCL:
MCL = d(w)/d(L) = d(40+0.05L)/d(L) = 0.05
5. Set MRPL equal to MCL and solve for q:
0.1 * (600-15q) = 0.05
60 - 1.5q = 0.05
1.5q = 60
q = 40
So, the firm will produce 40 units of output.
6. Calculate the labor hired:
q = 0.1L
40 = 0.1L
L = 400
Therefore, the firm will hire 400 units of labor.
In conclusion, the monopolist firm will produce 40 units of output and hire 400 units of labor. The equilibrium wage can be found using the labor supply function: w = 40 + 0.05L = 40 + 0.05(400) = 60. The labeled diagram should display the equilibrium wage of 60 and the equilibrium labor of 400 units.
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loan amount: $15,000 method of interest payment: collect basis amount of interest paid: $650 effective rate of interest?
The effective rate of interest on a $15,000 loan with an interest payment method of collect basis and an amount of interest paid of $650 would be approximately 4.33%. This can be calculated by dividing the amount of interest paid ($650) by the loan amount ($15,000), and then multiplying by 100 to get the percentage (4.33%).
In this case, the loan amount is $15,000 and the interest paid is $650. However, we don't have information about the number of days between loan disbursement and full repayment. If we assume that the loan is for one year (365 days), then we can calculate the effective rate of interest as follows: Effective rate of interest = ($650 / $15,000) x (365 / 365) x 100% = 0.04333 x 100% = 4.333% Therefore, the effective rate of interest on the loan is 4.333%. However, this calculation assumes that the loan is for one year. If the actual length of the loan is different, the effective rate of interest may be different as well.
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michelle owns the largest florist shop in her town. each week, she orders a truckload of flowers from the flower wholesaler. the other two florists in town order only one-third as many flowers. because michelle's order fills the delivery truck, the wholesaler sells flowers to her at a lower price than the other florists must pay. how will this situation impact potential new entrants? the cost differential can easily be offset by creating a demand differential, so it will have little impact. new florists will be encouraged to enter because they will be energized by the challenge to succeed. new florists will not be affected because input prices are minor factors in markets. new florists will be discouraged from entering the market because of the difficulty of competing on cost.
New florists may be encouraged to enter the market because of the challenge to succeed rather than discouraged by the difficulty of competing on cost alone.
The fact that Michelle owns the largest florist shop in town and orders a truckload of flowers each week gives her an advantage when it comes to purchasing power. Because of the larger quantity she buys, she can negotiate a lower price with the wholesaler.
This cost advantage may make it difficult for potential new entrants to compete on price alone. However, the impact of this situation on potential new entrants will likely be limited. While input prices are an important factor in markets, there are other ways for new entrants to differentiate themselves from Michelle's business. For example, they could focus on providing unique floral arrangements or personalized service. Ultimately, the success of new entrants will depend on their ability to create a demand differential and establish a loyal customer base.
Therefore, new florists may be encouraged to enter the market because of the challenge to succeed rather than discouraged by the difficulty of competing on cost alone.
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Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000, and the current date is April 15, 2019. Company. Coupon Maturity. Last. Last. EST Vol
(Ticker). Price. Yield. (000s)
IOU (IOU). 7.20. Apr 15, 2039. 92.860. ?? 87
a. Yield to maturity
b. Current yield
a. What is the yield to maturity of the bond? (Do not round intermediate calculations
and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
b. What is the current yield? (Do not round intermediate calculations and enter your
answer as a percent rounded to 2 decimal places, e.g., 32.16.)
a) the yield to maturity of the bond is 7.99%. b )the current yield of the bond is 7.76%
a. To calculate the yield to maturity, we need to use the bond pricing formula:
P = (C / r) x [1 - 1 / (1 + r)^n] + F / (1 + r)^n
Where:
P = bond price = 92.86% x $1,000 = $928.60
C = annual coupon payment = 7.20% x $1,000 = $72
r = yield to maturity (unknown)
n = number of years to maturity = 20
Using a financial calculator or spreadsheet, we can solve for r and get:
r = 7.99%
Therefore, the yield to maturity of the bond is 7.99%.
b. The current yield can be calculated by dividing the annual coupon payment by the bond price:
Current yield = (C / P) x 100%
= ($72 / $928.60) x 100%
= 7.76%
Therefore, the current yield of the bond is 7.76%.
To answer your questions regarding the yield to maturity and current yield of the IOU Corporation bond, we'll follow these steps:
a. Yield to Maturity:
1. Note the given information: Face value = $1,000, Coupon rate = 7.20%, Maturity date = April 15, 2039, and Last price = 92.860% of face value.
2. Calculate the time to maturity: 2039 - 2019 = 20 years.
3. Calculate the annual coupon payment: 0.072 * $1,000 = $72.
4. Calculate the bond price: 92.860% * $1,000 = $928.60.
5. Use a financial calculator or an online tool to find the yield to maturity using the inputs: Face value = $1,000, Coupon payment = $72, Bond price = $928.60, and Time to maturity = 20 years.
b. Current Yield:
1. Divide the annual coupon payment by the bond price: $72 / $928.60.
2. Convert the result to a percentage and round to 2 decimal places.
a. The yield to maturity of the IOU Corporation bond is approximately X.XX% (Replace X.XX with the result obtained in step 5 of Yield to Maturity).
b. The current yield of the IOU Corporation bond is approximately Y.YY% (Replace Y.YY with the result obtained in step 2 of Current Yield).
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company uses lifo and prices are rising, purchase more inventory near the end of the reporting period will:
A company that uses LIFO (Last In, First Out) method for inventory valuation assumes that the most recently acquired items are sold first.
When prices are rising, the cost of goods sold (COGS) will be higher because the older, lower-priced inventory will be used first.
Therefore, to reduce the impact of rising prices on COGS, a company may choose to purchase more inventory near the end of the reporting period.
This will increase the amount of higher-priced inventory in the system, and consequently, lower the COGS, thereby reducing the tax liability.
However, it is important to note that this strategy may also increase the company's working capital requirements and may affect its cash flow.
Therefore, the decision to purchase more inventory should be made after considering all the relevant factors, and the company should weigh the costs and benefits before making a final decision.
In summary, purchasing more inventory near the end of the reporting period can help reduce the impact of rising prices on COGS, but it should be done after careful consideration of all the relevant factors.
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What is a decision tree or game tree?
A decision tree or game tree is a visual representation of decision-making processes that involve multiple choices and possible outcomes.
It is a type of diagram that consists of nodes representing decision points, branches representing the available options, and leaves representing the potential outcomes of each option.
In a decision tree, each decision point represents a choice that must be made, and each branch represents a possible outcome of that choice. The tree is structured in a way that allows the user to see all possible outcomes of each decision and choose the best course of action based on those outcomes.
Game trees are a special type of decision tree that are used to model the strategic interactions between multiple players in a game. They are commonly used in game theory to analyze the outcomes of various strategies and identify optimal choices.
Decision trees and game trees are useful tools in a variety of fields, including business, economics, computer science, and more. They can be used to model complex decision-making processes and provide a visual aid to help users make informed choices based on the potential outcomes of each option.
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Match each type of service gap with the corresponding way of achieving closure
1) knowledge gap
2) standards gap
3) delivery gap
4) communications gap
A) match customer expectations with actual service provided through research
B) get employees to meet or exceed service standards
C) set appropriate service levels for performance and measure service performance
D) be realistic in telling potential buyers about the services that can be provided and manage those customer expectations effectively
1) knowledge gap - A) match customer expectations with actual service provided through research
2) standards gap - B) get employees to meet or exceed service standards
3) delivery gap - C) set appropriate service levels for performance and measure service performance
4) communications gap - D) be realistic in telling potential buyers about the services that can be provided and manage those customer expectations effectively
What is knowledge gap?
A knowledge gap is the discrepancy between what a worker is aware of and what their employer needs them to know. Simply put, when a person has a task to do but is unsure of how to execute it, they have a knowledge gap.
What is standards gap?
It happens when a company is aware of what its customers want but is unable to deliver it. When referring to specific sorts of organizations (governments, etc.), this gap is sometimes referred to as a "policy gap."
What is delivery gap?
This happens when a business has subpar HR rules and ineffective onboarding and training procedures. Employees could not be qualified, knowledgeable, or motivated to handle consumer needs as a result.
What is communications gap?
A "communication gap" occurs when the recipient of the information (for example, an employee receiving orders from their manager) fails to grasp the speaker's meaning or intent.
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what can you do to help them focus on putting company goals above their own self-interests? observe new image on the right motivate and inspire them by providing a vision that both groups will accept and support. give them a little more time to acclimate to the changes. clarify what they are supposed to do by giving each group specific tasks to meet. focus on building relationships with the group leaders and employees.
Observe new images on the right to motivate and inspire them by providing a vision that both groups will accept and support: help them focus on putting company goals above their own self-interests. Thus, option A is the correct option.
As incentives, you might offer privileges like improved parking places or bonuses like gift cards. Your staff might be inspired by incentives to improve client happiness, boost sales, and promote teamwork. It may even encourage more employee loyalty and aid in keeping your best workers on board.
Without motivation, businesses face lower levels of production and productivity and are more likely to fall short of achieving their key goals.
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double coincidence of wants in barter economy, which existed prior to money economy refers to the ------ fulfillment of -------wants of the buyer and sellersimultaneous; mutualsequential; mutualmutual; simultaneousmutual; sequential
Double coincidence of wants in a barter economy refers to the mutual fulfillment of wants of both the buyer and the seller simultaneously. In a barter economy, goods and services are exchanged without the use of money. For example, if a farmer wants to exchange his wheat for a pair of shoes, he needs to find shoemaker who wants his wheat.
The concept of double coincidence of wants is the biggest limitation of a barter economy. It is challenging to find someone who wants the exact good or service you have to offer and has the exact good or service you want in return. This results in inefficient transactions, which can lead to lost opportunities for both buyers and sellers.
As a result, the barter economy eventually evolved into monetary economy. Money serves as a medium of exchange, which eliminates the need for a double coincidence of wants. In monetary economy, the buyer can use money to purchase goods and services from any seller and the seller can use the money to buy anything they want.
In conclusion, the double coincidence of wants is the primary limitation of a barter economy. It refers to the mutual fulfillment of wants of the buyer and seller simultaneously. The use of money in a monetary economy eliminates this requirement and makes transactions more efficient.
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66Q. It is considered appropriate to have employee go to other competitors to see how their tours are done.
In general, it is not considered appropriate for employees to go to competitors to observe how their tours are conducted. This is because it may be viewed as unethical and could potentially lead to accusations of intellectual property theft or breach of confidentiality.
Additionally, it may create conflicts of interest and raise concerns about the loyalty of the employee to their current employer.
Instead, companies should focus on conducting their own market research and analysis to gain insights into their competitors' strategies and offerings. This can be done through a variety of means such as online research, attending industry conferences, and networking with industry professionals.
If a company does decide to send an employee to a competitor's tour, it should be done with caution and with proper protocols in place. This may include obtaining written consent from the competitor, ensuring that the employee does not disclose any confidential information, and providing appropriate training and support to the employee before and after the visit.
Ultimately, it is important for companies to prioritize ethical behavior and to always act in the best interest of their customers, employees, and stakeholders. While it may be tempting to take shortcuts or engage in questionable practices, the long-term risks and consequences far outweigh any short-term gains.
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game theory is the study of: cartel decision making. decision making allowing for irrational behavior. strategic decision making. random decision making.
Game theory is the study of strategic decision making. It is a branch of mathematics and economics that deals with understanding how individuals and organizations make decisions in competitive situations.
In particular, game theory focuses on how different players interact and make choices based on the expected actions of others. It can be applied to a wide range of scenarios, including cartel decision making, decision making allowing for irrational behavior, and random decision making.
Cartel decision making refers to the strategic choices made by a group of firms that collude to control market prices and output. Game theory can help analyze the best strategies for cartel members, as well as predict possible outcomes if one member decides to break the agreement.
Incorporating irrational behavior in game theory allows for a more realistic representation of human decision making. People often make decisions based on emotions or cognitive biases, which can be factored into the analysis of different strategies.
Random decision making involves players choosing their strategies without any systematic process or consideration of the potential outcomes. Game theory can still be applied in these situations to predict the probability of different outcomes based on the players' actions.
In summary, game theory is a powerful tool for understanding strategic decision making in various contexts, including cartel decision making, decision making allowing for irrational behavior, and random decision making.
By analyzing different scenarios and predicting potential outcomes, game theory can provide valuable insights into human behavior and interactions in competitive situations.
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Frank Weston, supervisor of the Freemont Corporation’s Machining Department, was visibly upset after being reprimanded for his department’s poor performance over the prior month. The department’s cost control report is given below:
Freemont Corporation–Machining Department
Cost Control Report
For the Month Ended June 30
Actual Results Planning Budget Variances
Machine-hours 42,000 40,000 Direct labor wages $ 97,400 $ 94,000 $ 3,400 U
Supplies 31,300 28,000 3,300 U
Maintenance 26,800 24,000 2,800 U
Utilities 24,500 22,700 1,800 U
Supervision 61,000 61,000 0 Depreciation 107,000 107,000 0 Total $ 348,000 $ 336,700 $ 11,300 U
"I just can’t understand all these unfavorable variances," Weston complained to the supervisor of another department. "When the boss called me in, I thought he was going to give me a pat on the back because I know for a fact that my department worked more efficiently last month than it has ever worked before. Instead, he tore me apart. I thought for a minute that it might be over the supplies that were stolen out of our warehouse last month. But they only amounted to a couple of hundred dollars, and just look at this report. Everything is unfavorable."
Direct labor wages and supplies are variable costs; supervision and depreciation are fixed costs; and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $20,100; the fixed component of the budgeted utilities cost is $14,800.
Frank Weston, the supervisor of the Machining Department at Freemont Corporation, is upset about the unfavorable variances in the cost control report for the month ended June 30.
The report shows that actual costs exceeded the planned budget, resulting in a total unfavorable variance of $11,300. The report includes both variable and fixed costs. Direct labor wages and supplies are variable costs, while supervision and depreciation are fixed costs. Maintenance and utilities are mixed costs with a fixed component. The fixed component of budgeted maintenance cost is $20,100, and the fixed component of budgeted utilities cost is $14,800.The report shows that actual direct labor wages were $97,400, which is $3,400 more than the planned budget of $94,000. Actual supplies cost was $31,300, which is $3,300 more than the planned budget of $28,000. Actual maintenance cost was $26,800, which is $2,800 more than the planned budget of $24,000. Actual utilities cost was $24,500, which is $1,800 more than the planned budget of $22,700. The actual supervision cost was the same as the planned budget, so there was no variance. The actual depreciation cost was also the same as the planned budget, so there was no variance. The total unfavorable variance is the sum of all these variances, which is $11,300.
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Sources and Uses of Cash [LO1] Based only on the following information for Ortiz Corp., did cash go up or down? By how much? Classify each event as a source or use of cash. Decrease in inventory 425
Decrease in accounts payable 230 Increase in notes payable 280
Increase in accounts receivable 290
Based on the given information, cash went up by $205 ($425 decrease in inventory + $290 increase in accounts receivable - $230 decrease in accounts payable + $280 increase in notes payable).
The events can be classified as follows:
- Decrease in inventory - source of cash
- Decrease in accounts payable - use of cash
- Increase in notes payable - source of cash
- Increase in accounts receivable - use of cash The cash of Ortiz Corp. has decreased by $35 ($425 decrease in inventory + $230 decrease in accounts payable - $280 increase in notes payable - $290 increase in accounts receivable = -$35).
Decrease in inventory: Source of cash ($425)
Decrease in accounts payable: Source of cash ($230)
Increase in notes payable: Use of cash ($280)
Increase in accounts receivable: Use of cash ($290)
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Marcus is writing a persuasive message asking his employees to complete an online company survey. what should he avoid when writing his message?
Marcus should aim to create a persuasive message that is clear, concise, and easy to understand. By avoiding these common pitfalls, he can increase the likelihood that his employees will complete the online company survey.
Marcus should avoid the following when writing his message being too pushy or aggressive in his language: Marcus should avoid using language that may come across as demanding or pushy. This can turn off employees and may make them less likely to complete the survey, using technical jargon, or overly complex language: Marcus should ensure that his message is easy to understand and written in a clear, concise manner.
Using technical jargon or overly complex language may confuse employees and make them less likely to complete the survey, focusing only on the benefits to the company: Marcus should avoid only highlighting the benefits of completing the survey to the company.
Instead, he should also emphasize the benefits to the employees, such as improved working conditions, better communication, and opportunities for growth and development, neglecting to provide clear instructions: Marcus should ensure that his message provides clear instructions on how to access and complete the survey.
This can include providing links to the survey and outlining the steps that need to be taken to complete it.
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Recall the preparation of a bank reconciliation by selecting the correct items below
a. Identify any deposits in transit and add to the balance per bank.
b. Compute the adjusted bank balance.
c. Identify any deposits in transit and add to the balance per books.
d. Identify and list any unrecorded debit memoranda from the bank and add to the balance per bank.
e. Identify and list any outstanding checks and subtract from the balance per bank.
f. Compute the adjusted book balance.
To recall the preparation of a bank reconciliation, follow (a), (e), (b), (c), (d) and (f).
These steps:
1. Identify any deposits in transit and add to the balance per bank, option (a).
2. Identify and list any outstanding checks and subtract from the balance per bank, option (e).
3. Compute the adjusted bank balance, option (b).
4. Identify any deposits in transit and add to the balance per books, option (c).
5. Identify and list any unrecorded debit memoranda from the bank and add to the balance per bank, option (d).
6. Compute the adjusted book balance, option (f).
By following these steps, you can successfully prepare a bank reconciliation.
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Organizational data is data about the company that represents the structure of the enterprise. which of the following is organizational data? multiple choice organization's legal name material data purchasing data plant/storage data
Based on the given choices, the "main answer" for organizational data is plant/storage data. This type of data represents the structure and locations within an enterprise.
Out of the given options, the organizational data would be the organization's legal name. Material data, purchasing data, and plant/storage data are more related to the operational activities of the enterprise rather than its structure. The legal name of the organization provides a unique identifier and represents the formal structure of the enterprise, making it an essential piece of organizational data.
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Enter the missing dollar amounts for the income statement for each of the following independent cases: Cases Sales Revenue Beginning Inventory Purchases Total Available Ending Inventory Cost of Goods Sold Gross Profit Expenses Pretax Income (Loss) A $ 1,060 $ 300 $ 1,000 $ 1,300 $ 640 $ 660 $ 400 $ 190 $ 210 B 1,400 200 1,060 1,260 300 960 440 170 270
C 680 170 270 440 240 140 100
D 880 630 230 550 330 180 150
E 1,120 200 920 1,120 420 420 560 (140)
Enter the missing dollar amounts for the income statement for each of the following independent cases of Inventory Cost of Goods.
Case A : $210
Case B: $270
Case C: $100
Case D: $240
Case E: $140
Case A:
Sales Revenue: $1,060
Beginning Inventory: $300
Purchases: $1,000
Total Available: $1,300
Ending Inventory: $640
Cost of Goods Sold: $660
Gross Profit: $400
Expenses: $190
Pretax Income (Loss): $210
Case B:
Sales Revenue: $1,400
Beginning Inventory: $200
Purchases: $1,060
Total Available: $1,260
Ending Inventory: $300
Cost of Goods Sold: $960
Gross Profit: $440
Expenses: $170
Pretax Income (Loss): $270
Case C:
Sales Revenue: $680
Beginning Inventory: $170
Purchases: $270
Total Available: $440
Ending Inventory: $240
Cost of Goods Sold: $200
Gross Profit: $480
Expenses: Missing
Pretax Income (Loss): $100
Case D:
Sales Revenue: $880
Beginning Inventory: $630
Purchases: $230
Total Available: $860
Ending Inventory: $550
Cost of Goods Sold: $310
Gross Profit: $570
Expenses: $330
Pretax Income (Loss): $240
Case E:
Sales Revenue: $1,120
Beginning Inventory: $200
Purchases: $920
Total Available: $1,120
Ending Inventory: $420
Cost of Goods Sold: $700
Gross Profit: $420
Expenses: $560
Pretax Income (Loss): ($140)
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given a set of even future cash flows, you can:
Given a set of even future cash flows, you can calculate the present value of those cash flows using a financial formula called the Present Value of Annuity (PVA) formula. The PVA formula allows you to calculate the present value of a series of equal cash flows that occur at regular intervals over a specified period of time, assuming a certain interest rate.
The formula for calculating the present value of an annuity is:
[tex]PVA = C*[(1 - (1 + r)^{-n} / r][/tex]
where:
PVA is the present value of the annuityC is the amount of the cash flow received each periodr is the interest rate per periodn is the number of periodsTo use this formula, you need to know the amount of each cash flow, the interest rate at which the cash flows will be discounted, and the number of periods over which the cash flows will occur. Once you have this information, you can plug the values into the formula to calculate the present value of the annuity.
The present value of an annuity is important in finance because it helps to determine the current value of a stream of cash flows, which can be used to make investment decisions, evaluate the profitability of a business project, or value financial assets such as bonds or annuities.
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