Answer: C - Crowdfunding
Explanation: Investors, loans, and selling products and services would not gain them enough financial support, whereas crowdfunding will in an efficient way.
The best way to raise capital to establish a nonprofit organization to help orphans is to enable recurring donations, crowdfunding, using social networks for the investment etc. Thus, the correct option is C). Crowdfunding.
What is the best way to raise capital to establish a nonprofit organization?A nonprofit organization refers to that legal entity and organization that is established for public or social benefit. This entity is also known as not-for-profit organization, or nonprofit institution.
There are various ways through which nonprofit organization can find the funding sources such as ask for sponsorships, by creating a donation page, by sending fundraising letters, crowdfunding campaign can be launched, host a fundraising event etc.
Thus, it can be concluded that the best way to raise capital for the nonprofit organization to help the orphans to find homes is the crowdfunding.
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Haskell Corp. is comparing two different capital structures. Plan I would result in 12,000 shares of stock and $100,000 in debt. Plan II would result in 8,700 shares of stock and $155,000 in debt. The interest rate on the debt is 5 percent. Compare both of these plans to an all-equity plan assuming that EBIT will be $80,000. The all-equity plan would result in 18,000 shares of stock outstanding. Assuming that the corporate tax rate is 40 percent, what is the EPS for each of these plans
Answer:
Earnings per share (EPS) = (net income - preferred dividends) / average number of outstanding shares
EPS for all equity plan:
($80,000 x 60%) / 18,000 = $2.67 per share
EPS for Plan I:
[($80,000 - $5,000) x 60%] / 12,000 = $3.75 per share
EPS for Plan II:
[($80,000 - $7,750) x 60%] / 8,700 = $4.98 per share
_____ is a rater error in which a rater gives high ratings to all employees regardless of their performance.
Answer:
Leniency
Explanation:
Leniency is a rater error in which a rater gives high ratings to all employees regardless of their performance.
Leniency error is when a rater has the tendency to rate all employees at positively, this is positive leniency and occurs at the top of the rating scale or at the low end of the scale negative leniency. Leniency error happens when a manager emphasizes too much on positive or negative behaviors
Suppose you invested $100 in the Ishares High Yield Fund (HYG) a month ago. It paid a dividend of $2 today and then you sold it for $101. What was your dividend yield and capital gains on the investment
Answer:
Dividend yield= 2%
Capital gain = 1$
Explanation:
Capital gain is the difference between the cost of the shares when it was purchased and the price now
Capital gains = Price of the share now - cost of the shares
Capital gain = 101- 100 = 1
Capital gain = 1$
Dividend yield is the dividend earned as a proportion of the price of the share
Dividend yield = Dividend/ price × 100 =
Dividend = 2, Price = 101
Dividend yield = 2/101× 100 = 1.98
Dividend yield= 2%
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year:
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Units to be produced 12,000 10,000 13,000 14,000
Each unit requires 0.2 direct labor-hours and direct laborers are paid $12.00 per hour.
In addition, the variable manufacturing overhead rete is 31.75 per direct labor-hour. The fixed manufacturing overhead is 386,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $23,000 per quarter
Required:
a. Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct Labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
b. Prepare the company's manufacturing overhead budget.
Answer:
Hruska Corporation
Production Department
a. Direct labor budget:
1st 2nd 3rd 4th Year
Quarter Quarter Quarter Quarter Total
Units to be produced 12,000 10,000 13,000 14,000 49,000
Hours required per unit 0.2 0.2 0.2 0.2 0.2
Total hours required 2,400 2,000 2,600 2,800 9,800
Direct labor rate $12 $12 $12 $12 $12
Total labor cost $28,800 $24,000 $31,200 $33,600 $117,600
b. Manufacturing overhead budget:
1st 2nd 3rd 4th Year
Quarter Quarter Quarter Quarter Total
Total labor hours 2,400 2,000 2,600 2,800 9,800
Variable overhead:
$31.75 per labor hour $76,200 $63,500 $82,550 $83,350 $311,150
Fixed overhead 386,000 386,000 386,000 386,000 1,544,000
Total overhead $462,000 $449500 $468,550 $469,350 $1,855,150
Explanation:
a) Direct labor budget is the planned expenditure on direct labor for manufacturing or production. It is the product of the rate of labor (per hour) and the total labor hours.
b) The manufacturing overhead budget comprises the variable overhead and the fixed overhead for manufacturing of goods. It is important to differentiate the two in order to determine the variable cost of production under the variable costing system.
1. If there are a lot of defects reported by the Quality Assurance and you are the
operations manager, what will you do?
a) Investigate the cause of the problem
b) Form a team to handle the problem
c) Use the different quality tools to gather and analyze data
d) All of the above
Answer:
d) All of the above
Explanation:
As it is mentioned that there is lot of defects i.e reported by the quality assurance and me as an operating manager opt for different quality tools to analyze the data, form a team to handles a team, investigate the problem so that the problem could get resolved.
Hence, all the options are correct
Therefore d option is correct
Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2021 totaled $565,000. The estimated residual value of the equipment was $54,000 and the group depreciation rate was determined to be 16%. What is the annual depreciation for the group
Answer:
$90,400
Explanation:
Mondale Winery depreciates it's equipment by making use of the group method.
The cost of equipment that was purchased in 2021 totaled $565,000
The residual value of the equipment was $54,000
The group depreciation rate is 16%
= 16/100
= 0.16
Therefore, the annual depreciation can be calculated as follows
Annual depreciation= Cost of equipment × Group depreciation rate
= $565,000×0.16
= $90,400
Hence the annual depreciation for the group is $90,400
in computing depreciation, three values, must be known or estimated; identify and explain the nature of each.
Answer:
The answer is:
1. Acquisition cost.
2. Estimated useful life to the company.
3. Estimated residual value at the end of the asset’s useful life to the company.
Explanation:
1. Acquisition cost/Purchase price: This is the amount at which the asset(s) was bought. The acquisition cost will include the original purchase price, the cost of transporting the asset to the factory etc. and subtract any purchases discount.
2. Estimated Useful life to the company: This is the number of years the purchased asset are estimated to last for. E.g fitting and furniture with an estimated value of 5 years while the equipment for production can be 7 years. This depends on the company policy though.
3. Estimated residual value: This is the amount of money the firm is expected to get from the asset after it has been fully depreciated.
When depreciation needs to be computed, it is important that one look at three values which are:
Acquisition cost Estimated useful life of asset Residual value at end of lifeOne of the most basic formulas for depreciation is:
= (Acquisition cost - Residual value) / Estimated useful life
The Acquisition cost is the amount that the asset was purchased for. This will also include other capitalized cost such as taxes and installation costs that were necessary to get the asset working.
The estimated useful life of the asset is the amount of time the company believes they will be able to use the asset and the residual value is what the asset will be worth at the end of that useful life.
In conclusion, the three values are cost, useful life, and residual value.
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For each situation, list the assumption, principle, or constraint that has been violated, if any.
A) East Lake Company recognizes revenue at the end of the production cycle but before sale. The price of the product, as well as the amount that can be sold, is not certain.
B) Hilo Company is in its fifth year of operation and has yet to issue financial statements.
C) Gomez, Inc. is carrying inventory at its original cost of $100,000. Inventory has a fair value of $110,000.
D) Bly Hospital Supply Corporation reports only current assets and current liabilities on its balance sheet. Equipment and bonds payable are reported as current assets and current liabilities, respectively. Liquidation of the company is unlikely debited the "Computers" account.
E) Chieu Company has inventory on hand that cost $400,000. Chieu reports inventory on its balance sheet at its current fair value of $425,000.
F) Toxy Syles, president of Classic Music Company, bought a computer for her personal use. She paid for the computer by using company funds debited the "Computers" account.
A. Going concern assumption
B. Periodically Assumption
C. Historial Cost Principle
D. Revenue Recognition Principle
E. Economic Entity Assumption
F. No Violation
Ansewer:
E i think
Explanation:
The following situations are correctly matched with the assumption, principle:
Revenue Recognition Principle: Before the sale but at the conclusion of the production cycle, East Lake Company records revenue. It is uncertain what the product will cost and how much can be sold.Periodically Assumption: Despite being in its fifth year of operation, Hilo Company has not yet released financial results.No Violation: Gomez, Inc. is holding goods at its $100,000 original cost. The fair value of the inventory is $110,000.Going concern assumption: On its balance statement, Bly Hospital Supply Corporation only lists current assets and current liabilities. Current assets and current liabilities are the amounts that are stated for equipment and bonds payable, respectively. It's doubtful that the "Computers" account would be debited during firm liquidation.Historial Cost Principle: Bly Hospital Supply Corporation only lists current assets and current liabilities on its balance sheet. The quantities for equipment and bonds payable are indicated as current assets and current liabilities, respectively. The "Computers" account would probably not be debited during corporate dissolution.Economic Entity Assumption: Toxy Syles, president of Classic Music Company, bought a computer for her personal use. She paid for the computer by using company funds and debited from the "Computers" account.What is the Going concern assumption?According to the going concern principle, any organization's operations will continue for the foreseeable future. According to the guiding principle, every choice made by a company should be made with its continued operation in mind rather than its eventual closure.
Thus, the mention above correctly matched the assumption, and principle.
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Jumpin Corporation uses the percentminusofminussales method to estimate uncollectibles. Net credit sales for the current year amount to $ 2 comma 100 comma 000, and management estimates 4% will be uncollectible. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $ 1 comma 400. The amount of UncollectibleminusAccount Expense reported on the income statement will be:
Answer:
Uncollectible-Account Expense = $84,000
Explanation:
First of all, we are told that the percentage of uncollectible sales is 4%. This means that out of the total credit sales, 4% is estimated as not being paid by the debtors, and this is the amount that will be recorded in the income statement. It is calculated as follows:
Percentage of uncollectible sales = 4% = 4/100 = 0.04
Total sales = $2,100,000
∴ Uncollectible-Account Expense = 0.04 × 2,100,000 = $84,000
Scott Distributors has the following transactions related to notes receivable during the last two months of the year.
Dec. 1 Loaned $16,000 cash to E. Kinder on a 1-year, 6% note.
16 Sold goods to J. Jones, receiving a $4,800, 60-day, 7% note.
31 Accrued interest revenue on all notes receivable.
Instructions:
Journalize the transactions for Trent Distributors.
Answer:
Dec 1
Dr Notes Receivable 16,000
Cr Cash 16,000
Dec 16
Dr Notes Receivable 4,800
Cr Sales Revenue 4,800
Dec. 31
Dr Interest Receivable 94
Cr Interest Revenue 94
Explanation:
Preparation of Scott Distributors Journal entry
Since we are told that on Dec. 1 Scott Distributors was tend to Loaned tha amount of $16,000 cash to E. Kinder which was on a 1-year, 6% note this means the transaction will be recorded as:
Dec 1
Dr Notes Receivable 16,000
Cr Cash 16,000
Since we were told that Scott Distributors Sold goods to J. Jones by receiving a sum of $4,800, 60-day, 7% note this means the transaction will be recorded as :
Dec 16
Dr Notes Receivable 4,800
Cr Sales Revenue 4,800
The Accrued interest revenue on all notes receivable transactions will be recorded as:
Dec. 31
Dr Interest Receivable 94
Cr Interest Revenue 94
Computation of interest revenue for E. Kinder note and J. Jones
E.kinder=
The amount of $16,000 *0.06*30/360
= $80
Jones note=
The amount of 4,800 *0.07×15/360
= 14
Total accrued interest (80+14)
$94
The journal entries are shown below.
Journal entries:Dec-01
Notes Receivable 16000
Cash 16000
(Being cash paid is recorded)
Dec-16
Notes Receivable 4800
Sales Revenue 4800
(being the sales revenue is recorded)
Dec-31
Interest Receivable 94 =(16000*6%/12*1)+(4800*7%/360*15)
Interest Revenue 94
(Being the interest revenue is recorded)
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Suppose Hoosiers, a specialty clothing store, rents space at a local mall for one year, paying $13,800 ($1,150/month) in advance on October 1.
Required:
1. Record the adjusting entries on December 31.
2. Record the payment of rent in advance of october 1.
3. Calculate the year-end adjusted balances of prepaid rent and rent expense (assuming the balance of Prepaid Rent at the beginning of the year is $0).
Answer:
1.
Dec 31 Rent expense $3450 Dr
Prepaid Rent $3450 Cr
2.
Oct 1 Prepaid Rent $13800 Dr
Cash $13800 Cr
3.
Year end balances at 31 December:
Rent Expense = $3450
Prepaid Rent = $10350
Explanation:
Assumption: The year end for the business in on 31 December.
1.
The rent is paid in advance thus it is an asset. On 31 December the adjusting entry will be made under the accrual principle to match the current period's rent expense and record it in the period to which it belongs to. Thus we will credit the rent expense for 3 months i.e. October, November and December. We will credit the asset account that is Prepaid Rent.
2.
The prepayment of rent is creating an asset account in the title of prepaid rent. The entry would be to record the asset prepaid rent by the full amount of the rent prepaid and credit the other asset account through which the payment is being made.
3.
The adjusted year end balance for rent expense will be the rent expense paid for this period that is $1150 * 3 = 3450
The balance in the prepaid rent account after adjusting the rent expense will be,
Prepaid rent = 13800 - 3450 = $10350
Orlando Builders Inc. issued a bond with a par value of $1,000, a coupon rate of 9.00% (semiannual coupon), and a yield to maturity of 5.80%. The bond has 19 years to maturity. What is the value of the bond?
Answer:
Price of bond = $1,365.54
Explanation:
The value of the bond is the present value (PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).
Value of Bond = PV of interest + PV of RV
The value of bond for Orlando Builders Inc. can be worked out as follows:
Step 1
PV of interest payments
Semi annul interest payment
= 9% × 1000 × 1/2 = 45
Semi-annual yield = 5.80%/2 = 2.9 % per six months
Total period to maturity (in months)
= (2 × 19) = 38 periods
PV of interest =
45 × (1- (1+0.029)^(-21)/0.029)= 1028.087
Step 2
PV of Redemption Value
= 1000 × (1.029)^(-19×2) =337.45
Price of bond
= 1028.08 + 337.45 =1365.54
Price of bond = $1,365.54
A company had a beginning balance in retained earnings of $44,300. It had net income of $7,300 and paid out cash dividends of $5,950 in the current period. The ending balance in retained earnings equals:
Answer:
$45,650
Explanation:
a) Calculations of Retained Earnings:
Beginning balance = $44,300
Net Income = 7,300
less Dividends -5,950
Ending balance = $45,650
b) A statement of changes in Retained Earnings is always prepared to include the net income available for distribution to stockholders and exclude the distributions already made to stockholders in the form of dividends before arriving at the ending balance of Retained Earnings. This later figure is reported in the Balance Sheet. This process is also part of the closing entries of temporary accounts to permanent accounts at the end of an accounting period.
Other things remain unchanged, the market demand curve for a particular product is expected to shift leftwards when the price of that product declines.
a. True
b. False
Multiclient warehousing mixes attributes of ____ and ____ warehousing. Group of answer choices Public; contract Public; common Private; contract Common; private
Answer:
Public; contract
Explanation:
Multi-Client warehousing is the warehousing in which the outsourcing process could be performed with the multiple clients and it also added additional services like bulk packing of products, cross-docking, etc
Moreover, the multiclient warehousing mixes the combination of the public and contract attributed
Therefore the correct option is A.
If a check correctly written and paid by the bank for $746 is incorrectly recorded in the company's books for $764, how should this error be treated on the bank reconciliation
Answer:
Add
Explanation:
Hope this helps :)
Add $18 to the book balance this error be treated on the bank reconciliation. Thus, option D is correct.
What is bank reconciliation?A bank reconciliation is a procedure using which the balances of a bank account recorded in an object's books of accounts and the balance listed by the bank within the most relevant bank statement are compared.
Any discrepancy between two numbers should be looked into and, if necessary, fixed. the accounting and finance account report that compares a company's savings account to its books. A summary of all payments, withdrawal, and other cash activity made.
In this, there is a difference in the amount that was to be entered in the given data.
The difference is 764 - 746 = 18
so reconcile the data $18 will added in the book balance
Therefore, option D is the correct option.
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The question is incomplete, the complete question is
Subtract $18 from the book balance.
Add $18 to the bank's balance.
Add $18 to the book balance.
Subtract $18 from the bank's balance.
Subtract $18 from the bank's balance and add $45 to the book's balance.
Seminole Lighting, a specialty lamps and specialty light sources manufacturer, had the following information on its annual tax returns. Calculate Seminole’s taxable income and determine the federal income tax for the year. Sales $ 680,000 Interest Revenues $ 10,000 Operating Expenses $ 52,000 Depreciation $ 10,000 The federal income tax for the year is:
Answer:
Seminole’s taxable income is $628,000
Seminole’s federal income tax for the year is $213,520
Explanation:
In order to calculate Seminole’s taxable income we would have to calculate the following formula:
Seminole’s taxable income=Sales+Interest Revenues-Operating Expenses-Depreciation
According to the given data we have the following:
Sales $ 680,000
Interest Revenues $ 10,000
Operating Expenses $ 52,000
Depreciation $ 10,000
Therefore, Seminole’s taxable income=$ 680,000 +$ 10,000 -$ 52,000 - $ 10,000
Seminole’s taxable income=$628,000
To calculate Seminole’s federal income tax for the year we would have to make the following calculation:
Seminole’s federal income tax for the year=Seminole’s taxable income*tax rate
Seminole’s federal income tax for the year=$628,000*34%
Seminole’s federal income tax for the year=$213,520
Why have many nations chosen to use taxpayer dollars to subsidize primary, secondary, and higher education
Answer and Explanation:
This is because education has a positive rate of return. Investment in Education is an investment in new knowledge which is beneficial to any country. These countries have subsidized these forms of education because they recognize that an investment in education is an investment in human capital. Which would likely increase future productivity and ability to earn money.
Education is very beneficial to the individual who gets it, but a country where it's citizens have a good level of education benefits everyone positively.
1. Better health outcomes due to breakthroughs in research.
2. Reduction in Crime rates
3. Better environment
4. Also a better government
Are reasons for using taxpayers dollars to subsidize all these levels of education.
Flitter reported net income of $26,500 for the past year. At the beginning of the year the company had $218,000 in assets and $68,000 in liabilities. By the end of the year, assets had increased to $318,000 and liabilities were $93,000. Calculate its return on assets:
The return on assets for Filter given its net income, beginning assets and end of the year assets is 0.0989.
What is the return on assets?Return on asset is the ratio of the net income and the average asset of a company. In order to calculate the return on assets, information from the income statement and information from the balance sheet would be needed.
The information gotten from the income statement is the net income. The information gotten from the balance sheet is the average assets.
Return on asset is an example of a profitability ratio. Profitability ratios measure the ability of a firm to generate profits from its asset. The higher the return on assets is, the more efficient a firm is in converting its assets to income.
Return on assets = net income / average total assets
Average total assets = (beginning assets + ending assets) / 2
($218,000 + $318,000) / 2 = $268,000
Return on assets = 26,500 / 268,000 = 0.0989
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Why does a business need accounting information? Accounting identifies personnel who do not have strong customer service skills. Accounting accumulates passwords for security purposes. Accounting records business transactions and communicates financial information. Accounting inspires management to work harder in order to climb the corporate ladder.
Answer:
Accounting records business transactions and communicates financial information.
Explanation:
Accounting information refers to the data about the transactions of a company that is recorded and used to create different reports that help to make decisions about the business operations. According to this, the answer is that a business needs accounting information because accounting records business transactions and communicates financial information.
The other options are not right because accounting information is about financial data not about personnel skills, accumulating passwords or inspiring management to work harder.
Held-to-maturity securities are equity securities a company intends and is able to hold until maturity true or false
Answer:
The answer is true
Explanation:
Held to maturity securities are securities that are bought to be held until they matures. It is being classified as non-current asset or long term investment. Example of Held-to-maturity security is a bond.
They are being reported on the balance sheet at an amortized cost(original cost - accumulated amortization). Held-to-maturity with less than a year are regarded as Curren asset while the ones above a year are regarded as non-current.
The U.S. work week has declined from 60 hours in 1890 to 40 hours today. The impact of the decline in working hours:________
Answer:
It will Decreases U.S. real GDP and on the other way round it will increases the well-being of a typical working person in the U.S.
Explanation:
The impact of the decline in working hours is that it will Decreases U.S. real GDP and on the other way round it will definitely lead to increase in the well-being of a typical working person in the U.S. because of the decline in the U.S work week which was formally 60 hours in the 1980 but now 40 hours today because a typical working person will have more time for him/her and the stress involved in working for 60 hours per week will reduce when compared with working for 40 hours per week because a typical working person in the U.S will preferred to work for 40 hours per week than 60hours per week for the betterment of their well being.
If fixed costs are $400,000 and the unit contribution margin is $20, how many units must be sold in order to realize an operating income of $250,000
Answer:
32,500 units must be sold to realize an operating income of $250,000.
Explanation:
a) Calculations:
Using the break-even plus target profit analysis, we can calculate the target quantity of sales that will generate a target profit.
To break-even, the company needs to sell the following quantity,
Break-even point = fixed costs/contribution margin per unit = $400,000/$20 = 20,000 units.
To achieve a target profit, the company needs to sell the following quantity,
Break-even with target profit = (Fixed cost + target profit)/contribution margin per unit = ($400,000 + 250,000) / $20 = $650,000/$20 = 32,500 units.
b) Break-even analysis is a managerial accounting technique for determining the units should a company can sell or produce in order to even revenue and costs. From the analysis, a company can also determine the units to sell in order to realize a target profit. This helps a lot in decision making.
Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics.
a. A firm's decision about the size of its new factory.
b. The effects of the Internet on the pricing of used cars.
c. The effect of federal government spending on the national unemployment rate
Answer:
microeconomics : a. A firm's decision about the size of its new factory.
b. The effects of the Internet on the pricing of used cars.
macroeconomics: c. The effect of federal government spending on the national unemployment rate
Explanation:
A community council must decide which recreation facilities to construct in its community. Four new recreation facilities have been proposed—a swimming pool, a tennis center, an athletic field, and a gymnasium. The council wants to construct facilities that will maximize the expected daily usage by the residents of the community, subject to land and cost limitations. The expected daily usage and cost and land requirements for each facility follow:
The community has a $140,000 construction budget and 14 acres of land. The tennis center is conditional upon construction of the swimming pool. The council wants to know which of the recreation facilities to construct to maximize the expected daily usage.
Recreation Facility Expected Usage (People/day) Cost (9) Land requirements
Swimming pool 300 35,000 4
Tennis Center 90 10,000 2
Athletic field 400 25,000 7
Gymnasium 150 90,000 3
After you formulate and solve this problem, which one of the following options is not correct:________.
A. The tennis center will not be chosen.
B. The swimming pool will be chosen.
C. The athletic field will be chosen.
D. The gymnasium not will be chosen.
E. The total daily usage will be 790 people.
Michael owns a machine shop. In reviewing the shop's utility bills for the past 12 months, he found that the highest bill of $2,400 occurred in August when the machines worked 1,000 machine hours. The lowest utility bill of $2,200 occurred in December when the machines worked 500 machine hours.
Requirement:
1. Calculate the variable rate per machine hour and the total fixed utility cost.
2. Show the equation for determining total utility cost for the machine shop.
3. If Matt anticipates using 1, 200 machine hours in January, predict the shop's total utility bill using the equation from Requirement 2.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Highest cost= $2,400 when the machines worked 1,000 machine hours.
Lowest cost= $2,200 when the machines worked 500 machine hours.
To calculate the variable cost per unit and total fixed costs, we need to use the following formulas:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (2,400 - 2,200) / (1,000 - 500)
Variable cost per unit= $0.4 per hour
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 2,400 - (0.4*1,000)= $2,000
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 2,200 - (0.4*500)= $2,000
Total cost= 2,000 + 0.4x
x= machine hour
Finally, the total cost for 1,200 machine hours:
Total cost= 2,000 + 0.4*1,200
Total cost= $2,480
Transferring a strategic plan into a reality can take more than planning. Provide an example of a leader who has transformed a strategic plan into a reality? How did they innovate and lead the company? What can you learn from this person?
Explanation:
Strategic planning is essential for a company to be well positioned in the market and achieve success. However, more than planning, it is necessary to carry out the actions that will lead the company to achieve its objectives.
An example of a leader who knew how to effectively execute his strategies and make his company globally recognized was Steve Jobs. He wanted to create pioneering products in technological innovation and that at the same time had a focus on the needs and desires of the consumer, in addition to the central functionalities, Apple devices combined characteristics that differentiated them from their competitors, bringing a whole concept behind the brand, combining technology, innovation, design and other elements that transfer value to the product and position the brand in the market.
The greatest examples of business that can be learned from Steve Jobs is to keep the focus on innovation and customer loyalty, combining simplicity for the use of computers and cell phones with a high quality that has become a reference.
Adidas decides to invest $100,000,000 into a shoe factory in Vietnam from its money market account. The money market account was earning 1% in interest per year or $1,000,000. Adidas could have also earned $400,000 from investing the $100,000,000 in a watch factory. What is its opportunity cost for Adidas based off of the information in presented this situation
Answer:
The opportunity cost is $400000.
Explanation:
The investment amount in shoe factory = $100,000,000
The earning from money market account = $100,000,000 × 1% = $1,000,000
The second option to invest is watch factory and the investment amount is same = $100,000,000
The earning from watch factory = $400,000
The opportunity cost is the cost of the best-forgone alternative. Therefore, if Adidas decides to invest in a shoe factory then the earning of the watch factory is the opportunity cost. So the opportunity cost of Adidas is $400,000
If you are using new information in a survey that was not collected during previous surveys, you will be using _______ to gauge customer satisfaction.
Answer:
This question is incomplete, the options are missing. The options are the following:
a) Biased data
b) Raw data
c) Available data
d) Peer-reviewed data
And the correct answer is the option B: Raw data.
Explanation:
To begin with, the concept known as "Raw Data" refers to the amount of data that is collected from a source for the very first time in order to be used in an analysis. Therefore that it is this type of data that is also called as "primary data" due to the fact that has not been collected before and that action will implicate more work from the analyzer who is interest in collecting all that new data.
In cases where new information in a survey that was not collected during the previous surveys, the information that will be used will be organic data to gauge customer satisfaction. So, the correct option is B.
Raw information relates to the information that was not collected before for any purposes and is being freshly collected and gathered to use and report in the survey.
Raw data or organic data is self collected data which has been gathered from sources that are yet alien to the general public. A special report has to be created on such data collected.The reliability of an organic data is always under question as the sources used to collect the information are not verified and it becomes difficult to rely on data reported in such surveys.Surveys are created out of raw data only in cases of when any information is not available in the public domain or when the surveyor attempts to portray his or her own studies into surveys.Hence, the correct option is B that when the usage of a new information is being done in order to curb usage of data not used previously, one will be using raw data or organic information to gauge customer satisfaction.
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https://brainly.com/question/24242708
Based on Roberts and Schlenker (forthcoming), the corn demand elasticity is ε =0.3, and the supply elasticity is eη= 0.15. According to the 2007 Census of Agriculture, the United States has 347,760 corn farms. Assuming that the farms are of roughly equal size, what is the elasticity of demand facing a single farm?
Answer: 52,164.15
Explanation:
The price Elasticity of demand for corn refers to how much the quantity demanded of corn changes as a result of a change in price.
When given the elasticity for a group and need to calculate for a single unit, use the formula;
εi = nε - (n -1)eη
Demand elasticity for single unit = (Number of units * entire demand elasticity) - ( number of units - 1) * supply elasticity of each firm
= (347,760 * 0.3) - (347,760 - 1) * 0.15
= 104,328 - 52,163.85
= 52,164.15
Note: Do confirm that the figures you provided are the correct ones. If yes then no problems.