Purpose: Organization design refers to the overall set of elements used to configure an organization. The purpose of this exercise is to give you insights into how managers must make decisions within the context of creating an organization design. Introduction: Whenever a new enterprise is started, the owner must make decisions about how to structure the organization. For example, he or she must decide what functions are required, how those functions will be broken down into individual jobs, how those jobs will be grouped back together into logical departments, and how authority and responsibility will be allocated across positions. Instructions: Assume that you have decided to open a handmade chocolate business in your local community. Your products will be traditional bars and novelty-shaped chocolates, truffles, other chocolate products such as ice cream, and gift baskets and boxes featuring chocolates. You have hired a talented chef and believe that her expertise, coupled with your unique designs and high-quality ingredients, will make your products very popular. You have also inherited enough money to get your business up and running and to cover about one year of living expenses in other words, you do not need to pay yourself a salary). You intend to buy food items including chocolate, cocoa, white chocolate, nuts, and fruit from suppliers who deliver to your area. Your chef will then turn those ingredients into luscious
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Answer:
hmm I know with that is the silver kind to you and
Related Questions
During your presentation, you realize that you are talking too fast. This is a
problem of
O Content challenges
Organizational challenges
Presentation skills challenges
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Answer:
Presentation skills challenges
Explanation:
Presentation can be defined as an act of talking or speaking formally to an audience in order to explain an idea, piece of work, project, and product with the aid of multimedia resources or samples.
Basically, any speaker who wish to create an effective presentation should endeavor to interact frequently with the audience by holding a conversation.
This ultimately implies that, to create an effective presentation, speakers are saddled with the responsibility of interacting more often with the audience by taking questions, making a joke, getting them to repeat informations loud at intervals etc.
If during your presentation, you realize that you are talking too fast. This is a problem of presentation skills challenges.
Hence, speakers are advised to be passionate and show enthusiasm during their presentation because it would enhance their ability to speak confidently and as such leading to an engaging presentation.
Applying the research findings to a marketing strategy plan is the ______ step in the marketing research process. Multiple choice question.
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Answer:
Fifth.
Explanation:
Market research can be defined as a strategic technique which typically involves the process of identifying, acquiring and analyzing informations about a business. It involves the use of product test, surveys, questionnaire, focus groups, interviews, etc.
Secondary market research can be defined as a method designed to determine the demographics of a particular target market.
Applying the research findings to a marketing strategy plan is the fifth step in the marketing research process.
Why did Steve and Vic focused on smaller cities rather than Silicon Valley
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Answer:
focusing on smaller cities rather than areas like silicon valley a good strategy, why? Larger cities have a lot more competition and a great way to help others in smaller cities with money and jobs. They can have their businesses all over the world and be able to give success to everyone.
Explanation:
there is your answer
A first saving account pays 5% compounded annually. A second saving account pays 5% compounded continuously. Which of the two investments is better in the long term?
Answers
Extended warranties
Carnes Electronics sells consumer electronics that carry a 90-day manufacturer’s warranty. At the time of purchase, customers are offered the opportunity to also buy a two-year extended warranty for an additional charge. During the year, Carnes received $412,000 for these extended warranties (approximately evenly throughout the year).
Required:
1.Does this situation represent a loss contingency? Why or why not? How should it be accounted for?
2.Prepare journal entries that summarize sales of the extended warranties (assume all credit sales) and any aspects of the warranty that should be recorded during the year.
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Solution :
1. This is not a loss contingency as extended warranty is being priced as well sold separately from warranted products and therefore constitutes the separate sales transaction.
2.
Event General Journal Debit Credit
1 Cash $412,000
Unearned revenue -- extended warranties $412,000
2. Unearned revenue -- extended warranties $ 57937.50
Revenue - Extended Warranties $ 57937.50
Working :
The manufacturer provided 90 days which is 3 months of free warranty. Thus a customer who is purchasing the extended warranty is for 09 months.
Now amount received by Carnes Electronics for the extended warranty in one year = $412,000
So, [tex]$\$ 412,000 \times \frac{9}{12}= \$309000$[/tex] of sales.
The warranty is for two years and so 4.5 months in one year.
Therefore the revenue earned on the extended warranty is :
[tex]$\$309000 \times \frac{4.5 \text{ months}}{24 \text{ months}}$[/tex]
= $ 57937.50
(Externalities) Complete each of the following sentences: a. Resources for which periodic use can be continued indefinitely are known as ____________ resources. b. Resources that are available only in a fixed amount are ____________ resources. c. The possibility that an open-access resource is used until the net marginal value of additional use equals zero is known as the ____________.
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Answer:
a. Renewable resources
b. Exhaustible resources
c. Common pool resources
Explanation:
a. Resources for which periodic use can be continued indefinitely are known as renewable resources. These refer to resources which can be reproduced and available over a period of time
b. Resources that are available only in a fixed amount are exhaustible resources. These refer to resources which are available at fixed quantity.
c. The possibility that an open-access resource is used until the net marginal value of additional use equals zero is known as the Common pool resources. These refer to renewable resources which can be accessible by everyone.
Duffy-Deno (2003) estimated that the demand function for broadband service was Qs = 15.6p−0.563 for small firms and Ql = 16.0p−0.296 for larger ones. These two demand functions cross. What can you say about the elasticities of demand on the two demand curves at the point where they cross? What can you say about the elasticities of demand more generally (at other prices)? (Hint: The question about the crossing point may be a red herring. Explain why.)
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Answer:
At point of intersection ; p = $0.90 The elasticities of the demand functions remain the same because they are independent functions during the entire demand curveExplanation:
First we Determine the elasticity of demand for both Large firm and smaller firms
For Larger firms
∈1 = -0.296
For smaller firms
∈s = -0.563
At the point of crossing Determine the price at the point of crossing of the demand curves
Qs = Ql
the price at intersection ( P ) = $0.90
what can be said about the elasticities of demand is that the elasticities of the demand functions remain the same because they are independent during the entire demand curve
Data related to the acquisition of timber rights and intangible assets during the current year ended December 31 are as follows:
Timber rights on a tract of land were purchased for $1,600,000 on February 22. The stand of timber is estimated at 5,000,000 board feet. During the current year, 1,100,000 board feet of timber were cut and sold.
On December 31, the company determined that $3,750,000 of goodwill was impaired.
Governmental and legal costs of $6,600,000 were incurred on April 3 in obtaining a patent with an estimated economic life of 12 years. Amortization is to be for three-fourths of a year.
Required:
1. Determine the amount of the amortization, depletion, or impairment for the current year for each of the foregoing items. Do not round your intermediate calculations.
Item Impairment, Amortization or Depletion Expense
a. $
b. $
c. $
Hide
2. Journalize the adjusting entries required to record the amortization, depletion, or impairment for each item.
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Solution:
Given :
Timber rights were purchased for = $1,600,000
The stand of the timber is = 5,000,000 board feet
Goodwill impaired by the company = $3,750,000
Timber cut and sold during current year = 1,100,000 board feet
Government legal cost = $6,600,000
Therefore the amount of amortization , depletion and the impairment of the current year for each foregoing item are :
1.
Item Impairment, Amortization or the depletion
a). $ 352,000
b). $ 3,750,000
c). $ 412,500
2. Jornalizing the entries that required to record the depletion, amortization or the impairment of each of the items are :
a). The depletion expense = $ 352,000
Accumulated expense = $ 352,000
b). Loss from the impaired goodwill = $3,750,000
The goodwill = $3,750,000
c). Amortization expenses patent= $412500
Patent = $412500
Applying the midpoint formula, what is the price elasticity of demand if a drop in the price of energy drinks from $2 to $1 per can leads to an increase in the quantity demanded from 100 million to 150 million cans
Answers
Answer:
-0.6
Explanation:
Price elasticity of demand = Δ Change in quantity / Δ Change in price
Price elasticity of demand = [150-100/((150+100)/2)] / [1-2/((1+2)/2)]
Price elasticity of demand = [50/125]/ [-1/1.5]
Price elasticity of demand = 0.4/-0.66666
Price elasticity of demand = -0.6