Cycle counting is a method of maintaining the accuracy of a company's inventories using a sampling procedure so that a large year-end audit may be avoided. the given statement is true so that the correct answer is option (b).
Cycle counting is an inventory management technique where a specific subset of items is physically counted at regular intervals, typically throughout the year. This approach allows for a more continuous and accurate assessment of inventory levels without the need for a disruptive, time-consuming, and costly full physical inventory. By conducting cycle counts, companies can identify discrepancies, detect errors, and take corrective actions promptly, leading to better inventory control and improved operational efficiency.
Additionally, cycle counting can enhance the accuracy of financial reporting and support more informed decision-making. Overall, cycle counting is a valuable tool for businesses looking to maintain accurate inventory records while minimizing the burden of large-scale year-end audits.
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is it likely that Rapid Lube has increased productivity over its more traditional competitors? Why? How would we measure productivity in this industry?
Rapid Lubrication has successfully improved its production processes. To ensure efficient service, each client is assigned a dedicated team of three employees.
Is it likely that Rapid Lube has increased productivityThis team carries out tasks such as checking fluid levels under the hood, vacuuming the interior, and cleaning the garage pit. The garage pit maintenance includes tasks like removing the oil filter, draining the oil, and applying lubrication as necessary.
To further expedite the servicing process, Rapid-Lube has implemented a system where cars can be driven three abreast. This setup allows for quick and simultaneous servicing of multiple vehicles, maximizing efficiency.
To ensure high-quality service, Rapid-Lube's staff undergoes comprehensive training at Rapid-Lube U, which serves as the company's training school. Similar to renowned training programs like McDonald's Hamburger University in Chicago or Holiday Inn's training school in Memphis, Rapid-Lube U equips service staff with the necessary skills and knowledge to meet customer needs effectively.
Overall, Rapid Lubrication's enhancements in production, including specialized teams, optimized vehicle arrangement, and dedicated training, have contributed to improved efficiency and customer service.
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XYZ Company produces a part that has the following costs per unit: Direct Material $8, Direct Labor $3, Variable Overhead $1, Fixed Overhead $5, Total $17. ABC Corporation can provide the part to XYZ for $19 per unit. XYZ Company has determined that 60 percent of its fixed overhead would continue if it purchased the part. However, if XYZ no longer produces the part, it can rent that portion of the plant facilities for $60,000 per year. XYZ Company currently produces 10,000 parts per year. Which alternative is preferable and by what margin? a) Make - $20,000; b) Make - $50,000; c) Buy - $10,000; d) Buy - $40,000
The best preferable alternative that XYZ Company should look to, in order to decide the profitable option of whether producing the parts itself or buying it, will be to buy with a saving margin of $10,000. The correct option is C.
1. Calculate the costs of making the part in-house:
- Direct Material: $8
- Direct Labor: $3
- Variable Overhead: $1
- Fixed Overhead: $5 (60% would continue if purchased, so 40% or $2 would be saved)
Total Cost per Unit: $14
Total annual cost to make the part in-house: $14 * 10,000 = $140,000
2. Calculate the cost of renting the facilities if the part is no longer produced:
Annual rental income: $60,000
3. Calculate the costs of purchasing the part from ABC Corporation:
Cost per unit: $19
Total annual cost: $19 * 10,000 = $190,000
4. Compare the total costs for each alternative:
Make in-house: $140,000
Buy from ABC Corporation: $190,000 - $60,000 (rental income) = $130,000
The preferable alternative is to buy the part from ABC Corporation, with a margin of $10,000 (option c).
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The inverted-U theory suggests that R&D expenditures first rise, reach a peak, and then fall as the profitability of the firm increases. A) True B) False. FALSE
The answer is false. The inverted-U theory proposes that R&D expenditures increase as the profitability of a firm rises, reach a peak, and then decrease as the profitability of the firm continues to increase.
This is because at the beginning of the curve, the firm has not invested much in R&D and any investment made will result in a significant increase in profits. As the firm continues to invest in R&D, it reaches a point where the returns on the investments are diminishing, and the costs of research are becoming too high. At this point, the firm reaches the peak of the curve, and any further investments will not yield significant returns.
Eventually, as the profitability of the firm continues to increase, R&D expenditures decrease as the firm focuses on other areas that are more profitable. It is important to note that the inverted-U theory does not apply to all industries and firms.
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Negotiated transfer pricing is not always used because of each of the following reasons except:
a. market price information is sometimes not easily obtainable
b. a lack of trust between the negotiating divisions may lead to a breakdown in the negotiations
c. negotiations often lead to different pricing strategies from division to division
d. opportunity cost is sometimes not determinable
Negotiated transfer pricing is not always used because of each of the following reasons except d. opportunity cost is sometimes not determinable.
Negotiated transfer pricing is a process by which divisions within the same company agree on the price at which goods or services are transferred between them. However, this method is not always used for several reasons. Firstly, market price information is sometimes not easily obtainable, which makes it difficult for divisions to agree on a fair price. Secondly, a lack of trust between the negotiating divisions may lead to a breakdown in the negotiations, making it difficult to agree on a transfer price.
Finally, opportunity cost is sometimes not determinable, which makes it hard to determine the value of goods or services being transferred. However, one reason why negotiated transfer pricing is not always used is that negotiations often lead to different pricing strategies from division to division, which can lead to confusion and inefficiencies. Overall, while negotiated transfer pricing can be a useful tool, it may not always be feasible or practical to use in certain situations. The correct option is d. opportunity cost is sometimes not determinable.
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Bluegill company sells 11,700 units at $140 per unit. fixed costs are $81,900, and operating income is $573,300. determine the following:a. Variable cost per unit:_________ b. Unit contribution margin III per unit:_________ c. Contribution margin ratio __________%
a. The variable cost per unit can be calculated using the contribution margin formula: selling price per unit - variable cost per unit = contribution margin per unit. Rearranging the formula to solve for variable cost per unit, we get: variable cost per unit = selling price per unit - contribution margin per unit. Plugging in the given values, we get: variable cost per unit = $140 - ($573,300/11,700) = $90.b. The unit contribution margin can be calculated as the difference between the selling price per unit and the variable cost per unit. Using the value of variable cost per unit from part a, we get: unit contribution margin = $140 - $90 = $50.
c. The contribution margin ratio can be calculated as the contribution margin per unit divided by the selling price per unit, or as the total contribution margin divided by total sales revenue. Using the value of unit contribution margin from part b, we get: contribution margin ratio = ($50/$140) x 100% = 35.7%.
The Bluegill Company sells 11,700 units at $140 per unit. Fixed costs are $81,900, and operating income is $573,300. To determine the variable cost per unit (a), we first calculate the total revenue ($140 x 11,700) which is $1,638,000. Then, we subtract fixed costs and operating income from the total revenue to find total variable costs ($1,638,000 - $81,900 - $573,300) which is $982,800. Now, we divide the total variable costs by the number of units to get the variable cost per unit ($982,800 / 11,700), which is approximately $84.
To determine the unit contribution margin (b), we subtract the variable cost per unit from the selling price per unit ($140 - $84), which is $56 per unit.
Lastly, to determine the contribution margin ratio (c), we divide the unit contribution margin by the selling price per unit ($56 / $140), which equals 0.4 or 40%.
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A five-year bond with a yield of 11% (continuously compounded) pays an 8% coupon at the end of each year.
(a)What is the bond’s price?
(b)What is the bond’s duration?
(c)Use the duration to calculate the effect on the bond’s price of a 0.2% decrease in its yield.
(d)Recalculate the bond’s price on the basis of a 10.8% per annum yield and verify that the result is in agreement with your answer to (c).
We may use the following calculation to get the bonds price:
Price = (Coupon payment / Yield) x (1 - 1 / (1 + Yield)n) + Par value / (1 + Yield)n, where Coupon payment is the yearly coupon payment, Yield is the yield to maturity, n is the number of years till maturity, and Par value is the face value of the bond.
bond's price valuation is the process of calculating an obligation's fair market value.
Similar to other securities or capital payment instruments, a bond's theoretical fair value is the present value of the stream of cash flows that it is projected to generate.
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Use an example to describe briefly why uncertainty may drive firms toward ownership of other firms, rather than establishing other forms of long-term relationships with them.
When firms face uncertainty in their supply chain or market, they may opt for ownership of other firms as a means of reducing risk and ensuring control over the assets that they rely on. For example, a food processing company may choose to acquire a farm rather than enter into a long-term contract with a supplier due to concerns about weather patterns, crop yields, and other unpredictable factors that could disrupt the supply chain.
By owning the farm, the food processing company can directly manage and oversee the production of the crops, reducing the risk of supply chain disruptions. Additionally, ownership can provide firms with access to resources and capabilities that are critical to their success, such as intellectual property, technology, or specialized skills.
Uncertainty may drive firms toward ownership of other firms, rather than establishing long-term relationships with them, due to the desire for increased control and stability.
For example, a manufacturing company may choose to acquire a key supplier rather than just forming a long-term partnership. By owning the supplier, the company can directly control production, supply chain, and quality assurance, reducing uncertainties related to external market factors or potential conflicts of interest. This allows the company to be more confident in meeting customer demands and mitigating risks, leading to better operational efficiency and overall growth in a competitive market.
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efine and describe a price discovery system in general.
A price discovery system refers to the process through which buyers and sellers arrive at a mutually agreed upon price for a particular good or service. This process is fundamental in any market economy, where supply and demand dynamics determine the price of goods and services.
In a price discovery system, buyers and sellers interact through the exchange of information about the price and availability of goods or services. This information can come from a variety of sources, including market data, industry reports, and other economic indicators.
The goal of a price discovery system is to achieve an equilibrium point where supply and demand are in balance. At this point, buyers and sellers are willing to transact at a price that reflects the true value of the good or service being offered.
Price discovery systems can be found in all types of markets, from commodities to financial instruments. These systems are often facilitated by brokers or other intermediaries who help to match buyers and sellers and facilitate the exchange of information.
Overall, the price discovery system is a crucial component of any market economy, as it allows for efficient allocation of resources and ensures that goods and services are priced at levels that reflect their true value.
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Which return is used to calculate pension expense?Multiple choice question.a. The average returnb. The expected returnc. The actual return
The return used to calculate pension expense is the expected return. The correct answer is option (b). Pension expense is an accounting measure used to represent the cost of funding a company's pension plan.
The expected return is an important factor in determining this expense because it represents the anticipated earnings on the plan's assets, which are used to offset the cost of providing benefits to employees. hence, the right answer is option (b).Calculating pension expense involves multiple steps. First, the service cost, which is the present value of future benefits earned by employees during the current period, is determined. Next, interest cost, which is the increase in the pension obligation due to the passage of time, is calculated.
Then, the expected return on plan assets is estimated, which represents the earnings anticipated from investing the plan's assets. Finally, other factors like actuarial gains or losses and prior service costs are considered.Pension expense is calculated as the sum of service cost, interest cost, and any other factors, minus the expected return on plan assets. By using the expected return, companies can estimate the impact of their pension plans on their financial statements, helping them manage costs and make informed decisions about their pension funding strategies.
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You place an order for 2,500 units of Good X at a unit price of $62. The supplier offers terms of 2/25, net 35. (Enter your answer as directed, but do not round intermediate calculations.) Requirement 1:
(a) How long do you have to pay before the account is overdue? Number of days ________days
(b) If you take the full period, how much should you remit? Remittance $ _____
Requirement 2: (
a) What is the discount being offered? (Enter your answer as a percentage.) Discount rate_________ % (
b) How quickly must you pay to get the discount? Number of days _______days
(c) If you do take the discount, how much should you remit?
Remittance $__________
Requirement 3:
(a) If you don’t take the discount, how much interest are you paying implicitly? Implicit interest $__________
(b) How many days’ credit are you receiving? Days’ credit_________ days
The answers of the intermediate calculation are: 1(a) 35 days; 1(b) $155,000; 2(a) 2%; 2(b) 25 days; 2(c) $151,900; 3(a) $3,100; and 3(b) 10 days
Requirement 1:
(a) You have 35 days to pay before the account is overdue. Number of days: 35 days.
(b) If you take the full period, you should remit the full amount of 2,500 units * $62/unit = $155,000. Remittance: $155,000.
Requirement 2:
(a) The discount being offered is 2%. Discount rate: 2%.
(b) You must pay within 25 days to get the discount. Number of days: 25 days.
(c) If you take the discount, you should remit 98% of the total amount (100% - 2% discount): $155,000 * 0.98 = $151,900. Remittance: $151,900.
Requirement 3:
(a) If you don't take the discount, the implicit interest you are paying is the difference between the full amount and the discounted amount: $155,000 - $151,900 = $3,100. Implicit interest: $3,100.
(b) The days' credit you are receiving is the difference between the net days and the discount days: 35 days - 25 days = 10 days. Days' credit: 10 days.
Your answer:
1(a) 35 days
1(b) $155,000
2(a) 2%
2(b) 25 days
2(c) $151,900
3(a) $3,100
3(b) 10 days
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The payment terms offer a 2% discount if paid within 25 days, with a net payment period of 35 days. If the discount is not taken, the implicit interest is approximately 9.13%, and the credit period is 10 days.
Based on the given information, the following calculations can be made:
Requirement 1:
(a) The net payment period is 35 days. Therefore, the payment must be made within 35 days before the account becomes overdue.
(b) If the full payment period is taken, the payment will be calculated as follows:
Total payment = 2,500 x $62 = $155,000
Requirement 2:
(a) The discount rate offered is 2/25 or 2%.
(b) The payment must be made within 25 days to avail of the discount.
(c) If the discount is taken, the payment will be calculated as follows:
Total payment = (2,500 x $62) - [(2/100) x (2,500 x $62)]
Total payment = $152,900
Requirement 3:
(a) If the discount is not taken, the payment will be the full amount of $155,000. Therefore, the implicit interest can be calculated as follows:
Implicit interest = ($155,000 - $152,900) / $152,900 x 365 / 10
Implicit interest = 9.13%
(b) Since the net payment period is 35 days and the discount period is 25 days, the credit period is calculated as follows:
Credit period = 35 - 25 = 10 days
Therefore, the payment terms offer a 2% discount if paid within 25 days, with a net payment period of 35 days. If the discount is not taken, the implicit interest is approximately 9.13%, and the credit period is 10 days.
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They innovate, allocate and manage the factors of production and bear risk that’s why they are considered as the catalysts for economic change.
______2. It is the process of discovering new ways of combining resources.
______3. A planned piece of work that has a specific purpose (such as to find information or to make something new) and that usually requires a lot of time.
______4. It reduces the levels of microorganisms by killing them chemically, just like disinfectants kill germs on environmental surfaces.
______5. It defines project goals and objectives, specifies tasks and how goals will be achieved, and identifies what resources will be needed and associated budgets and timelines for completion.
______6. It provides new product ventures, market, technology and quality of goods, etc. , and increase the standard of living of people.
______7. It increases in the consumption of various goods and services by a household for a particular period.
_______8. An entrepreneur needs to be courageous and able to evaluate and take risks, which is an essential part of being an entrepreneur.
_______9. To be on the top, a businessperson should be equipped to embrace change in a product and service, as and when needed
______10. In a business, every circumstance can be an opportunity and used for the benefit of a company
A. Entrepreneur
B. Entrepreneurship
C. Innovation
D. Project Making
E. Hand Sanitizers
F. Flexible
G. Increase standard of living
H. Project Plan
I. Open Minded
J. Ability to take a risk
Please i need it today
Please kind of answer
I’m gonna pick who’s the brainliest answer
The answers for the fill-in-the-blanks are as follows:
A. Entrepreneur
B. Innovation
C. Project Making
D. Hand Sanitizers
E. Project Plan
F. Increase the standard of living
G. Flexible
H. Ability to take a risk
I. Open Minded
J. Ability to take a risk
Entrepreneurs are catalysts for economic change as they innovate, allocate and manage resources, and bear risks.
Innovation is the process of discovering new ways of combining resources to create something new or improve existing products, services, or processes.
Project Making refers to a planned piece of work that has a specific purpose and requires a significant amount of time to complete.
Hand Sanitizers reduce the levels of microorganisms by chemically killing them, similar to how disinfectants kill germs on surfaces.
A Project Plan defines the goals, tasks, resources, budgets, and timelines for completing a project.
Entrepreneurs provide new product ventures, markets, technologies, and improved quality of goods, leading to an increase in the standard of living.
Flexibility is the ability to adapt and adjust to changing circumstances or requirements in a business context.
The ability to take a risk is an essential trait for entrepreneurs, as they need to evaluate and take calculated risks in order to succeed.
Being open-minded is crucial for entrepreneurs to embrace change in products and services when needed to stay competitive.
Entrepreneurs view every circumstance as an opportunity and utilize it for the benefit of their company.
These answers highlight the key concepts and terms related to entrepreneurship, innovation, project management, risk-taking, and adaptability.
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19) the musical instrument played by a music student a. Qualitative-Nominal b. Qualitative-Ordinal c. Quantitative-Discrete-Ratio d. Quantitative-Discrete-Interval e. Quantitative-Continuous-Interval f. Quantitative-Continuous-Ratio
The musical instrument played by a music student can be classified as a. Qualitative-Nominal.
The reason for this classification is that musical instruments do not possess an inherent order or ranking (ordinal) nor can they be measured on a numerical scale (quantitative).
Instead, the choice of instrument is based on qualitative characteristics such as the sound produced, playing technique, or personal preference. Musical instruments fall into different categories (e.g., strings, woodwinds, brass), but these categories do not imply any specific order or magnitude, making it a nominal variable.
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The Mailbox Rule says that to determine whether an offer is accepted or terminated, we judge based upon whether termination or the acceptance is dropped in the mailbox first. True False
The given statement, The Mailbox Rule says that to determine whether an offer is accepted or terminated, we judge based upon whether termination or the acceptance is dropped in the mailbox first is true.
Because The Mailbox Rule is a common law rule of contract formation which states that when an offer is accepted, the contract is formed when the acceptance is placed in the mailbox. This rule applies even if the offeror has not yet received the acceptance. The rule implies that the acceptance does not need to be received by the offeror in order for the contract to be formed.
The Mailbox Rule is based on the principle of fairness and the idea that the offeror should not be able to revoke their offer after the offeree has already accepted it. The rule is also based on the idea that when an offer is accepted, it is reasonable to assume that the acceptance has been sent, even if the offeror has not yet received it.
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Prokp Co. S records for April disclosed the following data relating to direct labor: Actual labor cost (payroll) for April $ 20,000 Labor rate variance $ 4,000 favorable Labor efficiency variance $ 2,400 unfavorable Actual direct labor hours worked (AQ) 1,000 Prokp's total standard direct labor cost for the output in April (to the nearest dollar) was:
Prokp Co. has provided data related to direct labor for the month of April, including actual labor cost, labor rate variance, labor efficiency variance, and actual direct labor hours worked. To find the total standard direct labor cost for the output in April, we need to calculate the standard labor cost rate.
The standard labor cost rate is the expected cost per direct labor hour. We can use the labor rate variance and actual labor cost to calculate the standard labor cost rate.
Labor rate variance = (Actual labor cost - Standard labor cost) / Actual direct labor hours
Given that the labor rate variance is $4,000 favorable and the actual labor cost is $20,000, we can rearrange the formula to solve for the standard labor cost:
Standard labor cost = Actual labor cost - Labor rate variance
Standard labor cost = $20,000 - $4,000 = $16,000
To find the total standard direct labor cost for the output in April, we multiply the standard labor cost rate by the actual direct labor hours worked:
Total standard direct labor cost = Standard labor cost rate * Actual direct labor hours
Total standard direct labor cost = $16,000 * 1,000 = $16,000,000
Therefore, the total standard direct labor cost for the output in April is $16,000.
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all of the following are examples of financial intermediaries except a. retirement funds. b. stock exchanges. c. credit unions. d. insurance companies.
All of are examples of financial intermediaries except Stocks exchange . Option B
Which is not a financial intermediariesFinancial intermediaries are institutions that act as intermediaries between savers and borrowers by channeling funds from savers to borrowers. They facilitate the flow of funds in the financial system and provide various financial services.
Stockk exchanges are not considered financial intermediaries. Stock exchanges are platforms where buyers and sellers come together to trade securities, such as stocks and bonds.
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what would you type into the command line to learn what an index is
To learn what an index is in the command line, you could type "man index" or "index --help" depending on the specific program or tool you are using.
To learn what an index is, you can use the "man" command in the command line, followed by the term you're looking for. In this case, you can type:
```
man index
```
This command will display the manual page for the term "index" if it exists, providing a concise and informative explanation. Keep in mind that the "index" term should be available as a command or a relevant entry in the manual pages.
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8, -C&A has on average $6000 in inventory and its daily sales are $200. What is its days- of-supply? A. 1,200,000 B. 600 C. 200 D. 30 9
This means that 8, -C&A has enough inventory to last for 30 days based on its current daily sales, hence option D) is correct
To calculate the days-of-supply for 8, -C&A, we need to divide the average inventory by the daily sales. Days-of-supply = (Average inventory) / (Daily sales) Substituting the given values, we get: Days-of-supply = $6000 / $200 Days-of-supply = 30 Therefore, the correct answer is option D, 30. This means that 8, -C&A has enough inventory to last for 30 days based on its current daily sales. It is important for businesses to monitor their days-of-supply to ensure that they are not overstocking or understocking their inventory. Overstocking can lead to excess carrying costs and potential losses due to inventory obsolescence, while understocking can lead to lost sales and dissatisfied customers. By calculating and monitoring their days-of-supply, businesses can optimize their inventory levels and improve their overall efficiency and profitability. Therefore, the correct answer is option D)
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Critical audit matters are most likely to include those matters that: Multiple Choice a) Are communicated to the Public Company Accounting Oversight Board. b) Involve challenging, subjective or complex auditor Judgment. c) Are material weaknesses in internal control. d) Involve significant risks.
Critical audit matters (CAMs) are those matters that are communicated in the auditor's report and are related to accounts or disclosures that are material to the financial statements and involve challenging, subjective or complex auditor judgment.
It is important to note that CAMs are not limited to any specific area of the financial statements, and may include matters related to revenue recognition, inventory valuation, asset impairment, goodwill impairment, among others. These matters are disclosed in the auditor's report to provide transparency and enhance the understanding of the financial statements by users. The disclosure of CAMs is required for audits of large accelerated filers for fiscal years ending on or after June 30, 2019. The disclosure will help investors and other stakeholders in identifying and understanding the risks associated with the financial statements of the audited entity. Therefore, the CAMs are likely to include those matters that involve challenging, subjective or complex auditor judgment.
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Critical audit matters (CAMs) are those matters that have been communicated or required to be communicated to the Public Company Accounting Oversight Board (PCAOB) by the auditors of public companies.
These matters are considered to be significant to the audit of the financial statements and involve challenging, subjective or complex auditor judgment.CAMs are most likely to include matters that involve significant risks to the company's financial statements, such as the valuation of assets or liabilities, the accounting for complex transactions, or the identification of related parties and transactions. These matters require the auditor to exercise professional judgment and expertise to arrive at a reasonable conclusion regarding the accuracy and completeness of the financial statements.CAMs may also include material weaknesses in internal control, which are significant deficiencies in the design or operation of internal controls that could result in a material misstatement in the financial statements. The auditor's identification and evaluation of material weaknesses in internal control is a critical part of the audit process and is essential in ensuring the reliability of the financial statements.
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what does sales follow-up entail? why is it an essential step in the selling process, particularly from the perspective of relationship selling? how does it relate to cognitive dissonance?
Sales follow-up is a process by which salespeople contact customers to ensure their satisfaction with the product or service they purchased.
This step is essential in the selling process because it builds customer relationships, fosters customer loyalty, and increases the likelihood of repeat business. It is also an effective way to identify any issues the customer may have and address them before they become major problems.
The process helps salespeople to stay in contact with customers and build trust, which is especially important in relationship selling. It also helps to reduce cognitive dissonance, as customers are more likely to be satisfied with their purchase if they feel like someone is looking out for them. Sales follow-up is a key component of the selling process and an important part of maintaining customer relationships.
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The Todal-ji temple complex demonstrates continuity with other works of imperial Buddhist architecture from Asia because it wasa. built with large dry gardens used for quiet reflection and meditation b. constructed with a large stone stupa for pilgrims to circumambulate c. constructed on a monumental scale to express royal authority d. built in a remote location to provide solace for the monks who lived there
The Todal-ji temple complex demonstrates continuity with other works of imperial Buddhist architecture from Asia because it was constructed on a monumental scale to express royal authority.
The Todal-ji temple complex also shares similarities with other imperial Buddhist architecture in terms of the use of symbolic and ornamental elements, such as large dry gardens used for quiet reflection and meditation, and the construction of large stone stupas for pilgrims to circumambulate. Additionally, while the Todal-ji temple complex may not have been built in a remote location specifically to provide solace for the monks who lived there, the secluded location and peaceful surroundings were likely a factor in its construction and design.
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The woods co. and the mickelson co. have both announced ipos at $43 per share. one of these is undervalued by $20, and the over is overvalued by $14, but you have no way of knowing which is which. you plan on buying 1,000 shares of each issue. if an issue is underpriced, it will be rationed, and only half your order will be filled. what is the amount of the difference between your expected profit and the amount of profit you could earn if you could get 1,000 shares of woods and 1,000 shares of mickelson?
To calculate the difference between your expected profit and the potential profit if you could acquire 1,000 shares of Woods Co. and 1,000 shares of Mickelson Co., we need to consider the scenario where each company is either undervalued or overvalued.
Let's analyze the two possibilities:
Woods Co. is undervalued, and Mickelson Co. is overvalued:
In this case, you would be able to acquire 500 shares of Woods Co. (half of your order) at the IPO price of $43 per share. Since Woods Co. is undervalued by $20, you can expect its price to increase by $20 per share. Therefore, your profit per share would be $20.
For Mickelson Co., you would not be able to acquire any shares due to rationing. Hence, your profit from Mickelson Co. would be zero.
Total profit = (Profit per share from Woods Co. x Number of Woods Co. shares) + (Profit per share from Mickelson Co. x Number of Mickelson Co. shares)
Total profit = ($20 x 500) + ($0 x 0)
Mickelson Co. is undervalued, and Woods Co. is overvalued:
In this case, you would be able to acquire 500 shares of Mickelson Co. (half of your order) at the IPO price of $43 per share. Since Mickelson Co. is undervalued by $20, you can expect its price to increase by $20 per share. Therefore, your profit per share would be $20.
For Woods Co., you would not be able to acquire any shares due to rationing. Hence, your profit from Woods Co. would be zero.
Total profit = (Profit per share from Mickelson Co. x Number of Mickelson Co. shares) + (Profit per share from Woods Co. x Number of Woods Co. shares)
Total profit = ($20 x 500) + ($0 x 0)
To calculate the difference between your expected profit and the potential profit, we subtract the total profit in the second scenario from the total profit in the first scenario:
Difference = Total profit (Scenario 1) - Total profit (Scenario 2)
Difference = [(Profit per share from Woods Co. x Number of Woods Co. shares) + (Profit per share from Mickelson Co. x Number of Mickelson Co. shares)] - [(Profit per share from Mickelson Co. x Number of Mickelson Co. shares) + (Profit per share from Woods Co. x Number of Woods Co. shares)]
Since both scenarios result in zero profit from one of the companies, the difference would be zero.
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In Solow's model of economic growth, suppose that s represents the savings rate, z represents total factor productivity, k represents the level of capital per worker, and f(k) represents the per-worker production function. Also suppose that n represents the population growth rate and d represents the depreciation rate of capital. The equilibrium level of capital per worker, k, will satisfy the equation
A) f(k*) = s/(n + d) k*.
B) nf(k* ) = s/k (s + d) . C) szf(k*) = ( n + d)k*. D) szk = (n + d)f(k*).
The equation that describes this equilibrium is szf(k*) = (n + d)k*, where s is the savings rate, z is the total factor productivity, f(k) is the per-worker production function, n is the population growth rate, and d is the depreciation rate of capital. The correct answer is option (C).
In the eqautionszf(k*) = (n + d)k* , the left-hand side of the equation represents the investment in new capital per worker, which is the product of the savings rate s, the total factor productivity z, and the per-worker production function f(k*), evaluated at the equilibrium level of capital per worker k*. The right-hand side of the equation represents the depreciation of existing capital per worker, which is the sum of the population growth rate n and the depreciation rate of capital d, multiplied by the equilibrium level of capital per worker k*.Hence, the right option is (C).
Therefore, the equation implies that the investment in new capital per worker should be equal to the amount of capital per worker that is needed to maintain a constant level of capital per worker, taking into account population growth and depreciation. This equilibrium condition is important for understanding the long-term growth path of an economy and the role of policy in promoting sustained economic growth.
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the flow of costs through the manufacturing accounts is essentially the same in both process costing and job-order costing. group of answer choices a) true. b) false.
The statement "The flow of costs through the manufacturing accounts is essentially the same in both process costing and job-order costing" is False because while there are similarities in the flow of costs through manufacturing accounts in both process costing and job-order costing, there are also some differences.
In process costing, costs are accumulated by department and then averaged over the units produced during the period, whereas in job-order costing, costs are accumulated by individual job or order. Additionally, in process costing, there may be differences in the degree of completion of the units being produced, which can impact how costs are allocated.
Process costing is a method of costing used mainly in manufacturing where units are continuously mass-produced through one or more processes.
Job costing is accounting which tracks the costs and revenues by "job" and enables standardized reporting of profitability by job.
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within the decentralization concept of delegating authority and responsibility, which is not a responsibility center? group of answer choices investment center profit center revenue center cost center
Investment center is not a responsibility center in the sense of transferring power and duty under the decentralization theory. Therefore, option (A) is accurate.
A term for organizational divisions inside a company is "investment center." An investment center's key feature is that it is viewed as a unit that is evaluated based on how much capital it uses, as opposed to a cost or profit center, which is evaluated based on its actual expenses transferring or earnings.
Unlike profit centers, which handle both expenses and revenues, and cost centers, which solely handle costs, the investment center looks after revenues, costs, and assets. This is an obvious illustration of the shift from cost centers to investment centers in the scope of management and responsibility.
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A company is evaluating two projects. Assume each project has only one Statement for the same preject, NPV and TR criteria might yield sifferent conclusions. For example, it is poss ble NPV arteria accepts the project while IRR rejects Statement NV and I criteria always yield the same conclusion when comparing different projects. For instance, if NPV criteria prefers project Athen IRR criteria must also prefer project ony Statement is correct bom atements are correct both statements are incorrect Carvy Statement is correct
Both statements in the question are correct. When evaluating two projects, a company may use different criteria such as NPV and TR to determine which project to choose. However, it is possible for these criteria to yield different conclusions, as one project may have a higher NPV while the other has a higher TR.
On the other hand, when comparing different projects using the same criteria, such as NPV and IRR, they should always yield the same conclusion. For example, if NPV criteria prefers project A, then IRR criteria should also prefer project A. Therefore, the correct statement is that both statements in the question are correct.
When a company is evaluating two projects using Net Present Value (NPV) and Internal Rate of Return (IRR) criteria, it is possible that these criteria might yield different conclusions. For example, NPV criteria might accept a project, while IRR criteria might reject it. However, it is not always the case that NPV and IRR criteria will yield the same conclusion when comparing different projects. In some instances, if NPV criteria prefer project A, the IRR criteria might not necessarily prefer project A as well. Therefore, only the first statement is correct in this context.
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In this homework all amounts are measured in billions of dollars. Suppose that the consumption and tax functions are the same as in Homework #2: C = 500 + .95(Q-T) T= 100 + 200 The values of planned investment, government purchases and net exports are Ip =1000 G = 1500 (Ex-Im) = 95 1. a. At the equilibrium GDP of $12,500 billion, how large is the government budget surplus (deficit)? b. Suppose that potential GDP is $15,000 billion. How large is the structural budget surplus (deficit)? c. At the equilibrium GDP of $12,500 billion, how large is the cyclical budget surplus (deficit)? d. With an autonomous expenditure multiplier equal to 4.167, how large an increase in government purchases (assuming no change in the marginal tax rate or autonomous taxes) would be necessary to move the economy to "full employment." I.e. to attain an equilibrium real GDP equal to potential GDP? (Assume that the price level does not change.) e. With an autonomous expenditure multiplier equal to 4.167, how much would equilibrium GDP decline if planned investment declined by $60 billion?
To move the economy to full employment, an increase in government purchases of $600 billion will be required.
At equilibrium GDP of $12,500 billion, we can find the level of equilibrium output (Q) by setting aggregate output (Y) equal to aggregate demand (AD):
Y = AD
Y = C + I + G + NX
Y = (500 + 0.95(Q - (100 + 0.2Q))) + 1000 + 1500 + (95 - 0.1Q)
12500 = 500 + 0.95(Q - 100 - 0.2Q) + 1000 + 1500 + 95 - 0.1Q
12500 = 2895 + 0.65Q
Q = 17461.54
Therefore, at an equilibrium GDP of $12,500 billion, the government budget surplus (deficit) is:
T = 100 + 0.2Q
T = 100 + 0.2(12500)
T = 2600
Government revenue = T = $2,600 billion
Government expenditure = G = $1,500 billion
Government budget surplus (deficit) = Government revenue - Government expenditure = $1,100 billion - deficit
Potential GDP is $15,000 billion. We can find the level of output consistent with potential GDP by setting Y equal to potential GDP:
Y = 15000
Y = C + I + G + NX
Y = (500 + 0.95(Q - (100 + 0.2Q))) + 1000 + 1500 + (95 - 0.1Q)
15000 = 500 + 0.95(Q - 100 - 0.2Q) + 1000 + 1500 + 95 - 0.1Q
Q = 18125
Therefore, the structural budget surplus (deficit) is:
T = 100 + 0.2Q
T = 100 + 0.2(15000)
T = 3100
Government revenue = T = $3,100 billion
Government expenditure = G = $1,500 billion
Structural budget surplus (deficit) = Government revenue - Government expenditure = $1,600 billion - surplus
The cyclical budget surplus (deficit) is the difference between the actual government budget surplus (deficit) and the structural budget surplus (deficit). From parts (a) and (b), we have the actual and structural budget surplus (deficit) as:
Actual budget surplus (deficit) = $1,100 billion - deficit
Structural budget surplus (deficit) = $1,600 billion - surplus
Cyclical budget surplus (deficit) = Actual budget surplus (deficit) - Structural budget surplus (deficit)
= ($1,100 billion - deficit) - ($1,600 billion - surplus)
= $500 billion - deficit - surplus
We can use the formula for the expenditure multiplier to determine the change in government purchases required to achieve full employment:
Multiplier = 1 / (1 - MPC)
4.167 = 1 / (1 - 0.95)
MPC = 0.95
ΔY = Multiplier x ΔG
15000 - 12500 = 4.167 x ΔG
ΔG = $600 billion
Therefore, to move the economy to full employment, an increase in government purchases of $600 billion is required.
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a movie theater is an example of a continous process true flase
The given statement is "A movie theater is not an example of a continuous process" is true because it is a discrete process that involves the screening of movies for a limited period.
A continuous process refers to a manufacturing or production process that runs continuously without any interruption. In such processes, materials are constantly fed into the system, and the output is continuously produced without any breaks or pauses.
Examples of continuous processes include chemical manufacturing, oil refining, and power generation.
On the other hand, a movie theater is a discrete process. A movie is screened for a specific period, after which the screening is stopped, and the theater is closed until the next screening. This process is repeated for every movie, and there is no continuous production or manufacturing involved.
The discrete nature of the movie theater process means that it can be scheduled and planned, unlike continuous processes that run 24/7.
In conclusion, a movie theater is not an example of a continuous process.
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False. A movie theater is an example of a discrete process. A discrete process involves separate and distinct units of activity or events that occur at specific points in time, such as showing a movie at a particular time, while a continuous process involves a flow of activity that is ongoing and without interruption, such as a chemical manufacturing process or water flow in a river.
The concept of organizational culture refers to the shared values, beliefs, attitudes, and behaviors that define the way work is done within a company. Organizational culture can influence employee behavior, decision-making, and productivity, as well as shape the company's reputation and brand image.
A strong and positive organizational culture can help create a cohesive and motivated workforce that is committed to achieving the company's goals. Employees who share similar values and beliefs are more likely to work well together, communicate effectively, and support each other during challenging times.
On the other hand, a negative organizational culture can lead to low employee morale, high turnover rates, and poor performance. A toxic work environment characterized by unhealthy competition, lack of transparency, and poor communication can create stress and conflict, leading to poor mental health and reduced job satisfaction.
Therefore, it is crucial for companies to foster a positive organizational culture that aligns with their mission, vision, and values. This can be achieved by promoting open communication, providing opportunities for employee development, recognizing and rewarding employees' contributions, and prioritizing work-life balance. By doing so, companies can create a thriving and sustainable work environment that benefits both employees and the organization as a whole.
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You receive a letter telling you that you will start receiving a box of fresh fruit each month and that if you don't want them, you have to reply within seven days. You ignore the offer. Your silence
a) constitutes acceptance of the offer
b) constitutes acceptance of the offer for one year only
c) constitutes a counter offer
d) does not constitute an acceptance of the offer
Your silence, in this case, does not constitute an acceptance of the offer (option d).
In this scenario, you received a letter offering a box of fresh fruit each month, with the condition that you need to reply within seven days if you don't want them. You chose to ignore the offer.
Your silence, in this case, does not constitute an acceptance of the offer (option d). In general, acceptance of an offer requires clear and unequivocal communication from the offeree to the offeror, indicating that they agree to the terms and conditions presented in the offer. Silence typically does not meet this requirement.
However, it is important to note that there may be specific situations or jurisdictions where silence can be interpreted as acceptance, but these are exceptions to the general rule.
In summary, your silence in this situation does not constitute acceptance of the offer (option d). A valid acceptance requires clear communication from the offeree, and silence generally does not meet this criterion.
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UCC contract law would apply if you were selling your house.a. Trueb. False
False. UCC contract law applies to the sale of goods, not real estate. Real estate transactions are generally governed by state property law and common law principles.
The statement "UCC contract law would apply if you were selling your house" is False. The Uniform Commercial Code (UCC) is a set of laws that govern commercial transactions, specifically relating to the sale and purchase of goods.
Real estate transactions, such as selling a house, are not covered by the UCC. Instead, they are governed by real property law, which varies by state. The UCC is primarily focused on the sale of movable, tangible goods and does not apply to real property like a house.
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A large p-value implies A) rejection of the null hypothesis. B) a large t-statistic. C) a large Yac, D) that the observed value Yact is consistent with the null hypothesis.
The answer is d. A large p-value implies that the observed value Yact is consistent with the null hypothesis. A p-value is the probability of obtaining a test statistic as extreme as or more extreme than the observed value, assuming the null hypothesis is true.
If the p-value is large, it means that the observed value is not very extreme and could easily have occurred by chance under the null hypothesis. This means that we do not have enough evidence to reject the null hypothesis. On the other hand, a small p-value (less than the chosen significance level, usually 0.05) indicates that the observed value is unlikely to have occurred by chance under the null hypothesis. This means that we have strong evidence to reject the null hypothesis and accept the alternative hypothesis.
A large t-statistic is not directly related to the p-value. The t-statistic is a measure of how far the observed sample mean is from the hypothesized population mean in units of the standard error. The p-value is calculated from the t-statistic and indicates the probability of observing a t-statistic as extreme as or more extreme than the observed value, assuming the null hypothesis is true.
The Yac and p-value are also not directly related. Yac (actual value of the dependent variable) is used to calculate the test statistic and the p-value. The p-value tells us the likelihood of observing a test statistic as extreme or more extreme than what was observed, given the null hypothesis is true. In summary, a large p-value implies that we do not have enough evidence to reject the null hypothesis, meaning that the observed value is consistent with the null hypothesis.
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