Answer and Explanation:
The steps in global strategic planning include
Review or develop Vision & Mission: business aims to understand what its vision and mission is, reviewing one already there or developing a new one based on the current business environment and changes
Business and operation analysis. Here the business aims to understand it's environment in terms of it strengths and weaknesses internally and externally
Develop Strategic Options: business looks to find all strategic options available and weighs options to select best strategy on the basis of its business and operation analysis to understand strategy to tackle the current business situation
Establish Strategic Objectives: strategy objectives are developed to tackle new business environment
Strategy Execution Plan: the execution plan involves an effective plan that can duly implemented
Establish Resource Allocation: resources are allocated to execute the global strategic plan
Execution Review: execution is reviewed and quantified to see if the plan is being met
Assume General Electric Company agreed in May 2016 to construct a nuclear generator for NSTAR, a utility company serving the Boston area. General Electric Company estimated that its construction costs would be $960 million. The contract price of $1,200 million is to be paid as follows: $400 million at the time of signing; $400 million on December 31, 2016; and $400 million at completion in May 2017. General Electric incurred the following costs in constructing the generator: $384 million in 2016 and $576 million in 2017.
Required:
Compute the amount of General Electric's revenue, expense, and income for both 2016 and 2017, and for both years combined, under the cost-to-cost revenue recognition method. Enter dollar amounts in millions.
Answer:
date revenue costs
May 2016 $400
Dec. 2016 $400 $384 / $960 = 40%
May 2017 $400 $576 / $960 = 60%
Revenue recognized during 2016 = $1,200 x 40% = $480 million
Expenses recognized during 2016 = $384 million
Income recognized during 2016 = $480 - $384 = $96 million
Revenue recognized during 2017 = $1,200 x 60% = $720 million
Expenses recognized during 2017 = $576 million
Income recognized during 2017 = $720 - $576 = $144 million
Combined years:
Revenue recognized = $1,200 million
Expenses recognized = $960 million
Income recognized = $240 million
The following is a partial trial balance for General Lighting Corporation as of December 31, 2021:
Account Title Debits Credits
Sales revenue 3,100,000
Interest revenue 95,000
Loss on sale of investments 30,000
Cost of goods sold 1,340,000
Loss on inventory write-down (obsolescence) 350,000
Selling expense 450,000
General and administrative expense 225,000
Interest expense 94,000
There were 300,000 shares of common stock outstanding throughout 2021. Income tax expense has not yet been recorded. The income tax rate is 25%.
Required:
1. Prepare a single-step income statement for 2021, including EPS disclosures.
2. Prepare a multiple-step income statement for 2021, including EPS disclosures.
Answer:
1. single-step income statement for 2021
Sales revenue 3,100,000
Less Cost of goods sold (1,340,000)
Gross Profit 1,760,000
Less Expenses :
Loss on inventory write-down (obsolescence) 350,000
Selling expense 450,000
General and administrative expense 225,000
Interest revenue (95,000)
Loss on sale of investments 30,000
Interest expense 94,000 (1,054,000)
Net Income before tax 706,000
Income tax expense (176,500)
Net Income after tax 529,500
Earnings per share (EPS) $1.77
2. multiple-step income statement for 2021
Sales revenue 3,100,000
Less Cost of goods sold (1,340,000)
Gross Profit 1,760,000
Less Operating Expenses :
Loss on inventory write-down (obsolescence) 350,000
Selling expense 450,000
General and administrative expense 225,000 (1,025,000)
Operating Income 735,000
Less Non-Operating Expenses :
Interest revenue (95,000)
Loss on sale of investments 30,000
Interest expense 94,000 (29,000)
Net Income before tax 706,000
Income tax expense (176,500)
Net Income after tax 529,500
Earnings per share (EPS) $1.77
Explanation:
The difference in these Income statements is that, the Multi-step statement clearly shows income derived from Primary Activities (Operating) whist the Single step statement does not.
Additional Notes :
Earnings per share (EPS) = Earnings Attributable to holders of common stock ÷ Weighted Average Number of Common Stocks
Therefore,
Earnings per share (EPS) = $529,500 ÷ 300,000
= $1.77
What are some of the government requirements imposed on a public corporation that are not imposed on a private, closely held corporation? Discuss pros and cons of each
Answer:
The government (the SEC) imposes several regulations on publicly traded corporations and requires mandatory reporting regarding their financial position, compensation to key employees, auditing and accounting procedures, conflicts of interest between upper management and shareholders, operating results, etc.
The pros of that large amount of reports is that it makes management accountable for what happens and it makes their job more transparent.
The downside is that they are expensive and time consuming.
On the other hand, privately held corporations decide what to disclose to the general public or the government. The IRS is something that cannot be avoided, but the SEC and its scrutiny is avoided.
Other advantages of publicly held corporations:
a publicly held corporation should be able to raise larger amounts of capitalsince the number of owners is larger, debt per ownership stake is generally much lowertop management tends to be more independent and suffer less pressures from individual stockholderspublicly trades corporations tend to receive more publicity and are better knownthey also attract more talentOther disadvantages of publicly held corporations:
publicly held corporation have a lot of owners and they all have the right to be informed about what happens within the corporation and vote to elect the board of directorssome decisions require that shareholders vote on them, e.g. mergersstock prices suffer from market riskgoing public is also expensiveIn Coronado Company, total materials costs are $38,000, and total conversion costs are $54,480. Equivalent units of production are materials 10,000 and conversion costs 12,000. Compute the unit costs for materials and conversion costs.
Materials cost per unit:__________ $
Conversion cost per unit:________ $
Compute total manufacturing costs:________ $
Answer:
Materials cost per unit: $3.80
Conversion cost per unit: $4.54
Compute total manufacturing costs: $92,480
Explanation:
Unit Costs = Total Cost ÷ Total Equivalent Units
1. Materials
Unit Cost = $38,000 ÷ 10,000
= $3.80
2. Conversion Costs
Unit Cost = $54,480 ÷ 12,000
= $4.54
Total Manufacturing Costs :
Materials $38,000
Conversion Costs $54,480
Total $92,480
Explain how allocating the profits evenly between the partners would work. Consider the fairness to each of the partners in your response.
Answer and Explanation:
Allocation of profit to partners is all dependent on partnership agreement also called partnership deed where sharing ratio as well as role and participation of partners are stated clearly. The sharing ratio states how profits or losses in the partnership is shared amongst partners. If there is ratio to share profit equally or higher and lower for certain partners, it is made and stated clear in partnership deed before business commences, this ensures there is fairness in partners' dealings and everyone gets his share according to agreement
The stock of Static Corporation has a beta of 0.7. If the expected return on the market increases by 6%, the expected return on Static Corporation should increase by
Answer: 4.2%
Explanation:
Beta is a measure of sensitivity of a stock in that it measures how the stock reacts to a movement in market return. The Beta of the Market is 1.
If a Stock's Beta is 2, this means that if expected market return increases by 1%, the stock's expected return will increase by 2%. If a Stock's beta is 0.5 then if the expected return on the market increases by 1%, the stock's expected return will increase by 0.5%.
In this case the expected return on the market increases by 6% so the expected return on Static Corporation should increase by;
= 0.7 * 6%
= 4.2%
Colter Company prepares monthly cash budgets. Relevant data from operating budgets for 2020 are as follows.
January February
Sales $428,400 $476,000
Direct materials purchases 142,800 148,750
Direct labor 107,100 119,000
Manufacturing overhead 83,300 89,250
Selling and administrative expenses 94,010 101,150
All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20% in the second month following the sale. Sixty percent (60%) of direct materials purchases are paid in cash in the month of purchase, and the balance due is paid in the month following the purchase. All other items above are paid in the month incurred except for selling and administrative expenses that include $1,190 of depreciation per month.
Other data:
1. Credit sales: November 2019, $297,500; December 2019, $380,800.
2. Purchases of direct materials: December 2019, $119,000.
3. Other receipts: January—Collection of December 31, 2019, notes receivable $17,850; February—Proceeds from sale of securities $7,140.
4. Other disbursements: February—Payment of $7,140 cash dividend.
The company’s cash balance on January 1, 2020, is expected to be $71,400. The company wants to maintain a minimum cash balance of $59,500.
Required:
Prepare schedules for (1) expected collections from customers and (2) expected payments for direct materials purchases for January and February.
Answer:
I used an excel spreadsheet since there is not enough room here.
R. J. Graziano Wholesale Corp. uses the LIFO method of inventory costing. In the current year, profit at R. J. Graziano is running unusually high. The corporate tax rate is also high this year, but it is scheduled to decline significantly next year. In an effort to lower the current year's net income and to take advantage of the changing income tax rate, the president of R. J. Graziano Wholesale instructs the plant accountant to recommend to the purchasing department a large purchase of inventory for delivery 3 days before the end of the year. The price of the inventory to be purchased has doubled during the year, and the purchase will represent a major portion of the ending inventory value.
Required:
a. What is the effect of this transaction on this year's and next year's income statement and income tax expense? Why?
b. If R. J. Graziano Wholesale had been using the FIFO method of inventory costing, would the president give the same directive?
c. Should the plant accountant order the inventory purchase to lower income? What are the ethical implications of this order?
Answer:
a. What is the effect of this transaction on this year's and next year's income statement and income tax expense? Why?
The inventory account is a permanent asset account in the balance sheet, so it doesn't matter if the company purchases all that it can during the last days of December, it will not affect the income statement, nor their tax liability for the current year. A company only recognizes cost of goods sold when the goods are actually sold, not when they are purchased.
Since the company uses the LIFO (last in, first out) inventory method, all it will do is increase the value of ending inventory which changes into beginning inventory next year. You can reduce next year's income more by purchasing the goods next year.
b. If R. J. Graziano Wholesale had been using the FIFO method of inventory costing, would the president give the same directive?
If the company used the FIFO method, the result will be the same. Inventory is not COGS, whether you use FIFO, LIFO weighted average, specific identification, or any other acronym that you might come up with. At beginning of the year, inventory must be average to determine beginning inventory. it might help to increase COGS a little, therefore, decreasing net income, but the effects shouldn't be significant.
c. Should the plant accountant order the inventory purchase to lower income? What are the ethical implications of this order?
It is useless, and he should know it. The only implication is that this will help him realize his low IQ.
The last in first out is the common method specified by the generally accepted accounting principles (GAAP). It is the method used to maintain the account of inventory. It states that the recently purchased products are expensed at the first expense.
a. The inventory account is a permanent asset account in the balance sheet, so it doesn't matter if the company purchases all that it can during the last days of December, it will not affect the income statement, nor their tax liability for the current year. A company only recognizes the cost of goods sold when the goods are actually sold, not when they are purchased.
b. If the company used the FIFO method, the result will be the same. Inventory is not COGS, whether you use FIFO, LIFO weighted average, specific identification, or any other acronym that you might come up with. At beginning of the year, inventory must be average to determine beginning inventory. it might help to increase COGS a little.
Therefore, decreasing net income, but the effects shouldn't be significant.
c. It is useless, and he should know it. The only implication is that this will help him realize his low IQ.
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connecting u dropped its price from $20 to $16 per gigabyte of data. Joe according to the midpoint formula, Connecting U reduced its price by what percentage?
Answer:
-$22.2
Explanation:
The computation of price by percentage is shown below:-
Price by percentage = (End price - Beginning price) ÷ (End price - Beginning price) ÷ 2 × 100
= ($16 - $20) ÷ ($16 - $20) ÷ 2 × 100
= -$4 ÷ $18 × 100
= -$400 ÷ $18
= -$22.2
So, we have applied the above formula.
And, the same is to be considered
Connecting u dropped price in percentage is 22.2%
Midpoint formula:Given that;
Old price = $20
New price = $16
Find:
Connecting u dropped price in percentage
Computation:
[tex]Dropped\ price\ in\ percentage=[\frac{16-20}{\frac{16+20}{2} }]100\\\\Dropped\ price\ in\ percentage=[\frac{16-20}{18}]100\\\\Dropped\ price\ in\ percentage=[\frac{-4}{18}]100\\\\Dropped\ price\ in\ percentage=22.2[/tex]
Connecting u dropped price in percentage = 22.2%
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So, I'm just wondering, but what is the best job in Mesa, AZ?
I know that's not what this website is for, but I need to know and this is the only website I can go to for help.
Answer:
I'm not really sure but you can definitely google the highest paid jobs there.
t a sales volume of 36,500 units, Peres Corporation's sales commissions (a cost that is variable with respect to sales volume) total $576,700. To the nearest whole dollar, what should be the total sales commissions at a sales volume of 35,000 units? (Assume that this sales volume is within the relevant range.
Answer:
$553,000
Explanation:
Calculation for the total sales commissions
First step is to compute the Sales commission per unit using this formula
Sales commission per unit = Total sales commissions ÷ Unit sales
Let plug in the formula
Sales commission per unit= $576,700 ÷ 36,500
Sales commission per unit= $15.80
Last step is to find the Total sales commission using this formula
Total sales commission = Sales commission per unit × Unit sales
Let plug in the formula
Total sales commission= $15.80 × 35,000
Total sales commission=$553,000
Therefore the Total sales commission will be $553,000
A company looking to expand internationally with little risk would choose?
Answer:
LicensingFranchisingExplanation:
There are no options but Licensing as well as Franchising are some of the least riskiest ways to expand internationally.
With Licensing, the company looking to expand simply sells licenses to various companies in different countries giving them the right to use their image. Basically, the company the license is sold to gets access to the seller's intellectual property but then can run their business with a significant degree of autonomy.
Franchising represents another way to expand with little risk. It involves a company giving a license to another company to sell and sometimes produce their products as well as image rights. The company will give the franchisee (company that gets the license) the knowledge and training required to maintain the franchise and in exchange, franchisee pays a fee.
Both of these methods ensure that the name and brand of a company spread internationally whilst making money from it. Risk is minimized because the investment in other countries is low to nothing.
You want a seat on the board of directors of Red Cow, Inc. The company has 260,000 shares of stock outstanding and the stock sells for $51 per share. There are currently 5 seats up for election. The company uses straight voting. How much will it cost you to guarantee that you will be elected to the board
Answer:
$2,210,051
Explanation:
The computation of the cost that would be guaranteed is shown below:
first find the number of shares controlled which is
= (S x N) ÷ (D + 1) ] + 1
Where,
S = the total number of shares
N = the number of directors required
D = total number of directors i.e. elected
So,
= (260,000 × 1) ÷ (5 + 1) + 1
= 43,334
Now the cost is
= 43,334 × $51
= $2,210,051
3. The last dividend paid by New Technologies was an annual dividend of $1.40 a share. Dividends for the next 3 years will be increased at an annual rate of 8 percent. After that, dividends are expected to increase by 3 percent each year. The discount rate is 16 percent. What is the current value of this stock
Answer:
$12.60
Explanation:
The computation of the current value of the stock is shown below:-
= $1.40 × (1.08) ÷ 1.16 + 1.40 × (1.08)^2 ÷ (1.16)^2 + 1.40 × (1.08)^3 ÷ (1.16)^3 + 1.40 × (1.08)^3 × (1.03) ÷ (0.16 - 0.03) × (1.16)^3
= $1.3034 + $1.2136 + $1.1299 + $8.9520
= $12.60
Therefore for computing the current value of stock we simply solved the above equation.
asper makes a $28,000, 90-day, 8.5% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is: (Use 360 days a year.)
Answer:
$595
Explanation:
The computation of the amount of interest is shown below:-
Amount of interest = Loan amount × Interest rate × Number of days ÷ Number of days in a year
= $28,000 × 8.5% × 90 ÷ 360
= $595
Therefore for computing the amount of interest we simply applied the above formula.
And the same is to be considered
Which action taken by a central bank would reflect expansionary monetary policy?
The action taken by a central bank which would reflect the expansionary monetary policy is the sale of treasury securities to banks and the lowering down of reserve requirements.
Options A and C are correct.
What is a central bank?A central bank is referring to the largest bank that controls the regional and subordinate banks. It is the bank in which the commercial banks keep the needed reserve ratio. There are various policies being made by the central bank to monitor the monetary system like fiscal policy, monetary policy, economic policy, etc.
The central bank of the US country is the Federal Reserve that applied the expansionary monetary policy. The three ways that are made by Federal Reserve in respect of this policy are by making the discount rates to be fallen down for every bank, by acquiring the securities being sold by the government in the market and by keeping the reserve ratio to the lowest so that commercial banks can easily maintain them.
Therefore, the explanations written in option A and C are correct.
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Question's missing part:
The options are given as follows:
A) Selling treasury securities to banks to reduce the money supply
B) Raising the discount rate to provide less in loans to banks
C) Lowering the reserve requirements for all banks
D) Raising the interest that it pays to banks on the balance of their
reserves
Please complete the spreadsheet template:
Trans no. Transaction
1. Pamela Wong, the owner, opened a checking account for the business by depositing $48,000 of her personal funds.
2. Paid the monthly rent of $1,500.
3. Bought office furniture on account for $1,000.
4. Pamela Wong invested $3,000 of office equipment in the business.
5. Paid cash for a new computer for the business, $5,000.
6. Paid for an advertisement in the local newspaper, $200.
7. Completed graphic desktop publishing services for a client and sent a bill for $800.
8. Paid $700 on account for the office furniture bought earlier.
9. Received $500 on account from a client.
10. Pamela Wong withdrew $1,000 for personal use.
11. Received $400 cash for desktop publishing services completed for a client.
Answer:
I used an excel spreadsheet sine there is not enough room here.
Explanation:
Excel templates make it simpler to create a spreadsheet with a polished appearance by including all of the following, with the exception of Data.
What is Excel Sheet ?To eliminate the necessity for the user to generate those designs from scratch, templates are made to specify the fundamental structure of each document that is repeated.
A template typically includes formatting and pre-defined formulas. However, it won't include any data as the template's goal is to have a consistent structure but allow for variable values so that it can respond appropriately to the data.
Formatting and pre-made formulas are frequently included in templates. Although the template aims to have a consistent structure and allow for variable values so that it can react appropriately to the data, it won't contain any data.
Any template will therefore include design but not data. We are able to make a new one, modify an existing template, or utilize the default template.
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At the local banking institution the branch manager doubles as the IT "go-to" by handling printer setups, resettingLAN passwords, and periodically monitoring the branch’s server health. Last week she noted that a handful of herbranch’s customers complained about suspicious activity in their checking accounts. She knew that the main branchwould handle it and repair any fraudulent charges. She also knew better than to bother the main branch with these customer complaints because the main branch is always ahead of things like this and quickly reminds her that they seewhat she does. Her only response, therefore, was to assure her customers that their accounts would be repaired withinten business days.The most likely law or regulation that becomes an issue upon her discovery i:__________.
a. The Gramm-Leach-Bliley Act’s Safeguards Rule
b. The Good Samaritan Law
c. Section 404 of the Sarbanes-Oxley Act
d. The FTC’s Red Flags Rule
Answer: d. The FTC’s Red Flags Rule
Explanation:
The Federal Trade Commission has a Red Flags Rules that requires that financial institutions like Banks should implement a program that is capable of flagging instances of suspicious activity that could point to identity theft in the covered accounts that it holds.
This bank's customers are seeing some suspicious activity in their checking accounts which could point to a case of identity theft. The Red Flags rule could therefore be the most relevant rule to the manager's discovery.
"Ayres Services acquired an asset for $80 million in 2021." The asset is depreciated for financial reporting purposes over four years on a straight-line basis (no residual value). Ayers deducted 100% of the asset's cost for income tax reporting in 2021. The enacted tax rate is 25%. Amounts for pretax accounting income, depreciation, and taxable income in 2021, 2022, 2023, and 2024 are as follows: ($ in millions)
2021 2022 2023 2024
Pretax accounting income $330 $350 $365 $400
Depreciation on the income statement 20 20 20 20
Depreciation on the tax return (80 ) (0 ) (0 ) (0 )
Taxable income $270 $370 $385 $420
For December 31 of each year, determine:
a. The cumulative temporary book-tax difference for the depreciable asset.
b. The balance to be reported in the deferred tax liability account.
Answer:
a. The cumulative temporary book-tax difference for the depreciable asset are as follows:
December 31, 2021 = $60 million
December 31, 2022 = $40 million
December 31, 2023 = $20 million
December 31, 2024 = $0
b. The balance to be reported in the deferred tax liability account are as follows.
December 31, 2021 = $15 million
December 31, 2022 = $10 million
December 31, 2023 = $5 million
December 31, 2024 = $0
Explanation:
Note: See the attached excel file for the calculation of cumulative temporary book-tax difference for the depreciable asset and the balance to be reported in the deferred tax liability account for December 31 of years 2021, 2022, 2023 and 2024 in bold red color.
In the attached excel file, the following formula are used:
Cumulative Temporary differences at December 31 of the current year = Cumulative Temporary differences at December 31 of the previous year + (Depreciation on the tax return at December 31 of the current year - Depreciation on the income statement at December 31 of the current year)
Balance to be reported in deferred tax liability account at December 31 of the current year = Cumulative Temporary differences at December 31 of the current year * Tax rate
If the AD shortfall is $700 billion and the MPC is 0.95, Instructions: Enter your responses rounded to one decimal place. a. How large is the desired fiscal stimulus
Answer:
a. The desired fiscal stimulus is $35.0 billion.
b. The income tax cut is $36.8 billion.
c. The amount of government spending that would achieve the target is $35.0 billion.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
If the AD shortfall is $700 billion and the MPC is 0.95, Instructions: Enter your responses rounded to one decimal place.
a. How large is the desired fiscal stimulus?
b. How large an income tax cut is needed?
c. Alternatively, how much government spending would achieve the target?
The explantion of the answers is now provided as follows:
From the question, we have:
Aggregate demand (AD) shortfall = $700 billion
Marginal Propensity to Consume (MPC) = 0.95
a. How large is the desired fiscal stimulus?
To calculate the the desired fiscal stimulus, we need to first calculate the multiplier as follows:
Multipliers = 1 (1 - MPC) ................... (1)
Substituting the value into equation (1), we have:
Multipliers = 1 (1 - 0.95) = 1 / 0.05 = 20
The formula for calculating the fiscal stimulus is as follows:
Fiscal stimulus = AD shortfall / Multiplier ..................... (2)
Substituting the values into equation (2), we have:
Fiscal stimulus = $700 billion / 20 = $35.0 billion.
Therefore, the desired fiscal stimulus is $35.0 billion.
b. How large an income tax cut is needed?
This can be calculated using the following formula:
Income tax cut = Fiscal stimulus / MPC .............. (3)
Substituting the values into equation (3), we have:
Income tax cut = $35 billion / 0.95 = $36.8421052631579 billion
Rounding to one decimal place, we have
Income tax cut = $36.8 billion
Therefore, the income tax cut is $36.8 billion.
c. Alternatively, how much government spending would achieve the target?
The amount of increase in government spending that would achieve the target is the same thing as the desired fiscal stimulus already obtained in part a above.
Therefore, the amount of government spending that would achieve the target is $35.0 billion.
How can you enable your sales team to perform better?
A. by enforcing stringent rules
B. by providing them with training and other supporting material
C. by permitting them the freedom to do whatever they think is right
D. by increasing their pay more often than the rest of the workforce
Answer: i think its B because it makes the most sense out of them all
Explanation:
Sara purchased a life insurance policy as an investment from her neighbor, Angela. Angela, the original policy holder had paid premiums of $12,000 before the sale. Sara paid Angela $16,500 to acquire the life insurance policy. Sara made additional payments of $5,000. When Angela died, Sara collected $50,000. How much of the policy proceeds is taxable to Sara
Answer:
$16,500
Explanation:
She invested = $12,000
Total money spent to acquire the policy = ($16,500 + $5000) = $21,500
Total money invested on policy = $21500 + $12000
Total money invested on policy = $33500
Money that sara got after angela died = $50,000
Therefore, the taxable proceed will be = $50,000 - $33,500 = $16,500
provide an example of two companies that have built an effective co-operation.briefly explain the relationship of it g
Answer:
An example of two companies that have built an effective co-operation is discussed below in details.
Explanation:
Louis Vuitton & BMW
Co-operation Operations: The Art of Travel
Designer Louis Vuitton and Carmaker BMW may not be the usual simple pairings. But if you believe about it, they have some significant things in general. If you concentrate on Louis Vuitton's trademark baggage lines, they're both in the industry of journey. They both value leisure. And finally, they're both well-known, fabulous brands that are recognized for high-quality craftsmanship.
Shannon’s Brewery is a newly opened micro-brewery of craft beers located about a mile from Samantha Springs in Keller, Texas. According to Shannon Carter, (owner, founder, and brew master) Samantha Springs "is an exceptional water source." "It’s surrounded by a very unique rock formation that has very, very hard compressed rocks that have been hollowed out with this very fine sand. The water travels for miles, and the end product is this filtered water that is just phenomenal." Shannon Carter crafts what the brew master calls "wholesome beers" made with the highest quality, non-GMO grains and malts available and brewed using techniques garnered from his Irish heritage. Shannon’s mission statement closely reflects this philosophy. According to Shannon Carter:
Our award-winning beer is brewed with the best stuff on earth: pure spring water, whole grain, whole flower hops and a whole lotta love! For us, "brewed with the best stuff on earth," is much more than a saying. it’s a guiding principle. Paramount to this commitment is our multi-step fire-brewed process.
Required:
What makes Shannon’s beer great?
Answer:
Marketing Mix
Explanation:
What makes Shannon's beer great is basically her Marketing Mix. This combination of aspects is what ultimately makes Shannon's beer unique and attracts a large number of customers which makes it very profitable. This includes a combination of a unique beer recipe with high-quality ingredients, a top-notch mission statement, dedicated marketing that focuses on the organic and wholesome features of the product, and lastly a dedicated customer base that loves all of these features and purchases the product. This marketing mix sets Shannon's Beer apart from the competition and makes it great.
Allen Air Conditioning manufactures room air conditioners at plants in Houston, Phoenix, and Memphis. These are sent to regional distributors in Dallas, Atlanta, and Denver. The shipping costs vary, and the company would like to find the least-cost way to meet the demands at each of the distribution centers. Dallas needs to receive 800 air conditioners per month, Atlanta needs 600, and Denver needs 200. Houston has 850 air conditioners available each month, Phoenix has 650, and Memphis has 300. The shipping cost per unit from Houston to Dallas is $8, to Atlanta $12, and to Denver $10. The cost per unit from Phoenix to Dallas is $10, to Atlanta $14, and to Denver $9. The cost per unit from Memphis to Dallas is $11, to Atlanta $8, and to Denver $12.
Required:
a. How many units should owner Stephen Allen ship from each plant to each regional distribution center?
b. What is the total transportation cost?
Answer:
$14700
Explanation:
Given that:
i. Dallas needs 800 per month
ii. Atlanta needs 600 per month
iii. Denver needs 200 per month
iv. Houston has 850 available per month
v. Phoenix has 650 available per month
vi. Memphis has 300 available per month
Assuming that a plant can deliver air conditioners to more than one regional distributor in a month. Then;
a. For least-cost way to meet the demand, Stephen Allen could ship the air conditioners to each regional distributors as follows:
From Houston to Dallas = 800 units
From Houston to Atlanta = 50 units
From Phoenix to Atlanta = 250 units
From Memphis to Atlanta = 300 units
From Phoenix to Denver = 200 units
Total units transported = 1600 units
b. Cost per transportation:
Houston to Dallas = $8 x 800 = $6400
Houston to Atlanta = $12 x 50 = $600
Phoenix to Atlanta = $14 x 250 = $3500
Memphis to Atlanta = $8 x 300 = $2400
Phoenix to Denver = $9 x 200 = $1800
Total transportation cost = $6400 +$600 + $3500 + $2400 + $1800
= $14700
The total transportation cost would be $14700.
how can you use information about a person's values to help you relate more effectively to him or her."
Answer: bec if you know the person’s values your are able to better communicate with them because you know their likes and dislikes you have had the chance and opportunity to get to know them and that can help you achieve your goal.
Explanation:
If you know the person’s values you are able to better communicate with them because you know their likes and dislikes you have had the chance and opportunity to get to know them and that can help you achieve your goal.
what is the quality definition of Verbal exchange?
1a: a system by way of which facts are exchanged between people thru a common device of symbols, signs, and symptoms, or behavior the function of pheromones in insect verbal exchange also: alternate of data. b: private rapport is a loss of communication between old and young people.
Why is verbal exchange crucial?Top verbal exchange abilities are vital to allow others and yourself to understand facts extra correctly and fast. In contrast, terrible conversation abilities cause frequent misunderstandings and frustration.
Learn more about Verbal Exchange at https://brainly.com/question/2421884
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why do we have different minimum wages ?
Answer:
Higher minimum wages are most common in states with higher costs of living.
Explanation:
If you live in a smaller town the minimum wage is lower. If you live in a big city it'll more than likely be higher.
Answer:The US has tended to change the national minimum wage infrequently, with changes depending largely on the political balance of power at the federal level. ... But US states and even cities have the power to set minimum wages that are higher than the national rate.
Explanation:
Big Wave Marine Products had sales revenue of $850,000 for the year-ended December 31, 2017. The units sold were covered by a two-year warranty and Big Wave began 2017 with a warranty liability balance of $11,600. Big Wave's management team estimated that the units sold in 2017 would result in future warranty claims in the amount of 4% of sales revenue and during 2017. Big Wave spent $34,800 servicing customer warranty claims.
Write down the that Big Wave will record in 2017 for warranty expense.
Answer:
$34,000
Explanation:
the journal entry to record the warranty expense would be:
Dr Warranty expense 34,000
Cr Warranty liability 34,000
The warranty liability account covers products sold during the current and previous year (until the 2 year warranty period is over). It is a permanent liability account that changes over time, while the warranty expense account is a temporary account and is recorded when the goods are sold.
Label the following hypothetical demand scenarios. Use the midpoint method.
Contain Yourself!, a plastic container company, raises the price of its signature "lunchbox" container from $3.00 to $4.00. As a result, the quantity sold drops from 20,000 to 15,000. ..........
Economists working for the United States have determined that the elasticity of demand for gasoline is 0.5. ..................
CapCityMetro decides to increase bus fare rates from $2.00 to $2.21. Consequently, the number of passengers who decide to take the bus in Austin drops from an average of 70,000 riders a day to an average of 61,000 riders a day. ...............
Inelastic unit-elastic Elastic perfectly elastic
Answer:
Contain Yourself!, a plastic container company, raises the price of its signature "lunchbox" container from $3.00 to $4.00. As a result, the quantity sold drops from 20,000 to 15,000.
UNIT ELASTIC ⇒ when the price elasticity of demand is unit elastic, a change in price will result in a proportionally equal change in the quantity demanded.
PED = % change in quantity / % change in price = {(15 - 20) / [(15 + 20)/2]} / {($4 - $3) / [($4 + $3)/2]} = -0.2857 / 0.2857 = -1 or |1| in absolute terms
Economists working for the United States have determined that the elasticity of demand for gasoline is 0.5.
INELASTIC DEMAND ⇒ when the price elasticity of demand is inelastic, a change in price will result in a proportionally lower change in the quantity demanded.
CapCityMetro decides to increase bus fare rates from $2.00 to $2.21. Consequently, the number of passengers who decide to take the bus in Austin drops from an average of 70,000 riders a day to an average of 61,000 riders a day.
ELASTIC DEMAND ⇒ when the demand for a good is elastic, a change in price will result in a proportionally higher change in quantity demanded.
PED = % change in quantity / % change in price = {(61,000 - 70,000) / [(61,000 + 70,000)/2]} / {($2.21 - $2) / [($2.21 + $2)/2]} = -0.1374 / 0.1 = -1.374 or |1.374| in absolute terms
On January 1, 20X1, Tucker Company leases equipment from Franz Inc. over three years of the equipment's five-year estimated useful life. Franz acquired the asset for $431,213 and normally utilizes an 8% interest rate for these types of transactions. The present value of the lease payments is $357,710. The annual lease payment is $100,000; the first payment is due on January 1, 20X1. Tucker should recognize the second lease payment by debiting (round to the nearest whole dollar and select all that apply)
Answer:
Lease payable for $79,383
Interest expense for $20,617
Explanation:
Calculation for the amount that Tucker should recognize the second lease payment
Calculation for Lease payable
Lease payable =$100,000-($357,710-$100,000)*8%
Lease payable =$100,000-($257,710*8%)
Lease payable =$100,000-$20,617
Lease payable =$79,383
Calculation for Interest expense
Interest expense =( $357,710-$100,000)*8%
Interest expense =$257,710*8%
Interest expense =$20,617
Therefore Tucker should recognize the second lease payment by debiting:
Lease payable for $79,383
Interest expense for $20,617