a) The problems faced by Morrison Company are inflexible cost structure, slower introduction of new products, high overhead cost. b) The characteristics of pharmaceutical product line is precision while retail product line is flexibility. c) Some recommendations are reduce overhead costs, improve efficiency, diversification, and faster introduction of new products.
a) The Morrison Company is facing a few problems. Firstly, their cost structure is inflexible and hence they are not able to respond to changes in demand quickly. Secondly, they are unable to introduce new products as fast as their competitors. Finally, they have a high overhead cost, which is causing them to make losses.
b) The pharmaceutical product line requires precision and attention to detail. The competitive priorities for this product line are quality and dependability. A process that would fit best for this product line is a continuous flow process. On the other hand, the retail product line requires flexibility and quick response to changes in demand. The competitive priorities for this product line are speed and flexibility. A process that would fit best for this product line is an intermittent flow process.
c) Some recommendations to address the company’s problems are:
Reduce overhead costs - They can do this by reducing unnecessary costs in departments such as administration, sales, and marketing.Increase efficiency - They can increase efficiency by investing in new technology that can help them improve their production processes. This will help them reduce costs and increase production speed.Diversify - They can look to diversify their product lines to reduce their dependence on a single product. This will help them reduce risk and increase revenue.Introduce new products faster - They can look to streamline their product development process and introduce new products faster than their competitors. This will help them stay ahead of the competition.Learn more about Cost structure:
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Prepare an individual report that must address: What business model does the US Army use? What is the US Army's vision and mission? What objective evidence is there that the US Army organization's vision, mission, and objectives is helping it gain a sustainable competitive advantage? Only briefly touch on what objective evidence, using the Three Tests of a Winning Strategy, is there that your organization’s vision, mission, and objectives support its strategy? Be sure to introduce your argument, explain your understanding of key terms, present your reasoning, and include independently verifiable supporting evidence.
The US Army has a clear business model, mission, and vision that guide its strategic direction which help them gain competitive advantage in the market due to its high-quality training and resources.
Three Tests of a Winning Strategy evaluate the effectiveness of the organization's strategy, which has been successful in the US Army.
In the modern-day, businesses must have clear strategies to remain competitive in the market. A business model is a tool that organizations use to enhance their market position. On the other hand, the vision and mission statements guide the organization's strategic direction. The US Army is no exception, and it has a clear business model, mission, and vision to guide its operations. The US Army is a government organization that has different objectives from the private sector organizations.
Business ModelThe US Army has a unique business model that involves recruiting soldiers who undergo training to serve in the military. The soldiers are trained in different areas such as combat and logistics, among others. Once the soldiers complete their training, they are deployed to serve in different parts of the world. The US Army's operations are mainly financed by the government and other donors who support the organization's activities.
Mission and VisionThe US Army's mission statement is to defend the United States, protect its interests, and deter its adversaries. The vision of the US Army is to be the most trusted and respected organization globally. The mission and vision statements guide the organization's strategic direction.
Objective EvidenceThe Three Tests of a Winning Strategy are an essential tool that organizations use to evaluate their strategies' effectiveness. The tests include the Fit Test, Competitive Advantage Test, and Performance Test. The Fit Test assesses how well an organization's strategy aligns with its internal and external environment. The Competitive Advantage Test evaluates whether the strategy gives the organization a competitive edge in the market. Lastly, the Performance Test evaluates how well the organization's strategy is leading to positive results.
The US Army's vision, mission, and objectives align with the Fit Test since they guide the organization's strategic direction. Additionally, the US Army has a competitive advantage in the market due to its high-quality training and resources. Finally, the organization's strategy has led to positive results since it has been able to protect the United States and deter its adversaries.
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jean peck's furniture manufactures tables for hospitality sector. it takes only bulk orders and each table is sold for $300 after negotiations. in the month of january, it manufactures 3,200 tables and sells 2,400 tables. actual fixed costs are the same as the amount of fixed costs budgeted for the month. the following information is provided for the month of january: variable manufacturing costs $140 per unit fixed manufacturing costs $105,000 per month fixed administrative expenses $27,000 per month at the end of the month jean peck's furniture has an ending inventory of finished goods of 800 units. the company also incurs a sales commission of $14 per unit. what is the cost of goods sold per unit when using absorption costing?
The cost of goods sold per unit using absorption costing is $215.18 and the gross margin is $201,552 with a gross margin percentage of 28%.
First, let's calculate the very total manufacturing cost per unit:
Variable manufacturing cost per unit = $140
Fixed manufacturing cost per unit = ($105,000 / 3,200) = $32.81
Total manufacturing cost per unit = $140 + $32.81 = $172.81
Now, let's calculate the gross margin:
Total sales revenue = (2,400 units sold x $300 per unit) = $720,000
Total variable costs = (2,400 units sold x $154 per unit) = $369,600
Total fixed costs = ($105,000 + $27,000) = $132,000
Total cost of goods sold = $518,448
Gross margin = Total sales revenue - Total cost of goods sold = $720,000 - $518,448 = $201,552
Finally, let's calculate the gross margin percentage:
Gross margin percentage = (Gross margin / Total sales revenue) x 100% = ($201,552 / $720,000) x 100% = 28%
Therefore, the cost of goods sold per unit using absorption costing is $215.18 ($518,448 / 2,400) and the gross margin is $201,552 with a gross margin percentage of 28%.
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The complete question is:
Jean peck's furniture manufactures tables for hospitality sector. it takes only bulk orders and each table is sold for $300 after negotiations. in the month of january, it manufactures 3,200 tables and sells 2,400 tables. actual fixed costs are the same as the amount of fixed costs budgeted for the month. the following information is provided for the month of january: variable manufacturing costs $140 per unit fixed manufacturing costs $105,000 per month fixed administrative expenses $27,000 per month at the end of the month jean peck's furniture has an ending inventory of finished goods of 800 units. the company also incurs a sales commission of $14 per unit. what is the cost of goods sold per unit and the gross margin when using absorption costing?
At the successful completion of this course, students will be able to:The given organization for this Assessment is Briscoes Group and you need to access their annual financial reports for 2021 and 2022 which contains a wealth of information of the organization, their strategic goals and their results based on their goal setting.1. Analyse the business planning process.2. Identify stakeholder roles in business planning and assess their contribution.3. Evaluate an organisation’s business plan.Introduction to theorganisation· Introducethehostorganisationandtheindustrytheyoperatewithin.· Evaluate the performance of the company using the data available in the reports.· Reference to the organisation's website, social media pages and using valid and relevant sources must be provided.The business plan processLO1· Explain how the business planning and the monitoring assists the organisations, managers and individual employees to achieve results. Give examples from the given organization to support your statements.· Briefly explain the business operational plan stated with examples.· List the steps involved in the business planning process, supported by examples from the information stated in the organisation annual reports.Stakeholder Role in business planning and assess their contribution.LO2· Identify 5 key primary stakeholders (only the primary stakeholders)for the given organization and discuss their individual role in the business planning.· Discuss the role of the stakeholders in business planning.· How can one assess the contribution of these identified stakeholders? Support your arguments from the examples from the annual reports.Evaluation of business plan of the organizationLO3· Apply a suitable internal analysis tool to support your narration for the following:· Describe the strategic goals/action/Objectives stated in the 2021 Annual Report and explain how they have been achieved or the progress made as stated in annual report of 2022 by giving examples. You must detail whether the measurement criteria are appropriate or not and critically evaluate what else could be included in the measurement criteria.· Conclusion :Conclude your evaluation stating what has worked and what else could have been done to achieve the organisation objectives.
At the successful completion of this course, students will be able to analyse the business planning process, identify stakeholder roles in business planning and assess their contribution, and evaluate an organisation's business plan. Briscoes Group's business plan has been successful in achieving its objectives.
The host organisation of this assessment is Briscoes Group, and their performance can be evaluated by accessing their annual financial reports for 2021 and 2022. These reports contain a wealth of information about the organisation, their strategic goals, and their results based on their goal setting.
The business planning process assists the organisation, managers, and individual employees to achieve results. It involves creating a plan, setting goals and objectives, monitoring progress, and making changes as necessary. The organisation's annual report will provide examples of this process.
The primary stakeholders for Briscoes Group are customers, suppliers, employees, owners, and the government. Each of these stakeholders has a role to play in business planning, such as customers providing feedback on products and services, suppliers providing the necessary resources, employees providing labour, owners providing capital, and the government providing regulation. These stakeholders can be assessed for their contribution to the business plan by evaluating how their input has influenced the organisation's overall objectives.
An internal analysis tool can be used to evaluate Briscoes Group's strategic goals, actions, and objectives. The 2021 Annual Report states the organisation's objectives and how they are to be achieved, while the 2022 Annual Report provides examples of progress made towards those objectives. The measurement criteria can then be evaluated to assess whether they are appropriate or not. Further analysis could include the evaluation of factors such as market conditions and the organisation's competitors.
In conclusion, Briscoes Group's business plan has been successful in achieving its objectives. However, there are always ways in which the organisation could improve, such as by monitoring the performance of competitors and adjusting its objectives accordingly.
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The plant manager of a plastic pipe manufacturer has the opportunity to use two different routings for a particular type of plastic pipe. Routing 1 uses extruder A, and routing 2 uses extruder B. Both routings require the same melting process. The following table shows the time requirements and capacities of these processes.
The amount of piping produced is 40.
The total profit is 3500.
How to explain the valueThe amount of piping produced on routing 2 is 40. The final value of Target Cell (Max) is the Total profit of 3500
Refer Sensitivity Report, Allowable Increase of Adjustable Cells
Allowable Increase for Value Routing 1 = 20
Increase from $ 60 to 70 is only 10, which is less than Allowable Increase.
Therefore, the current optimal solution will not change.
Refer Sensitivity Report, Shadow Price of Extruder B Used is 5
Therefore, the maximum amount of money to be paid for an additional hour of Extruder B is 5
Refer Sensitivity Report, Shadow Price of Melting Used is 60. So, selling melting capacity for $ 61 per hour is profitable.
However, allowable decrease is only 5 which means this Shadow Price is applicable for selling 5 hours of melting capacity only. Thereafter, the Shadow Price will change.
Therefore, a maximum of 5 hours of melting capacity should be sold for this price.
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Your calendar year company completes a $6,000 job, of which $1,000 has been received by year end and credited to Revenue. If you discover before the books are closed that no adjusting entry was made, your correcting entry will: debit Accounts Receivable for $6,000 credit Revenue for $5,000 credit Accounts Receivable for $5,000 debit Revenue for $5,000
If you discover before the books are closed that no adjusting entry was made, your correcting entry will B. credit Revenue for $5,000.
How to correct the entry ?Even though the entire $ 6, 000 has not been received by year's end, this amount still needs to be recorded thanks to the Accrual basis of Accounting.
The $ 5, 000 which remained will go to revenue in the Income statement and the same amount will go to Accounts Receivable as a debit to show that the services have not been paid for. This would ensure that the $ 5, 000 is recorded for the year the services happened.
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suppose that government considers implementing a new tax cut to increase spending and add jobs in the economy. the economy is currently at full employment. what will happen to the number of jobs in the long run?
In the long run, a tax cut implemented to increase spending and add jobs in a full employment economy will have little effect on the number of jobs.
This is because when the economy is at full employment, there is no spare capacity in the labor market. As such, any extra spending created by a tax cut will be matched by the same reduction in aggregate demand, so the number of jobs will remain unchanged.
To explain further, when the economy is at full employment, the number of people who wish to work is equal to the number of jobs available. As such, any extra spending created by a tax cut will be offset by a decrease in aggregate demand, meaning that the number of jobs in the long run will stay the same.
Moreover, businesses are unlikely to hire more employees since the cost of doing so is likely to outweigh the benefit of additional spending from the tax cut. As such, the long-run effect of the tax cut will be negligible.
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if the coupon interest rate remains constant from the time of issue until the bond matures, then the bond is called a bond. a. corporate b. face-value c. coupon d. fixed-rate
The correct answer is (d) fixed-rate. A fixed-rate bond is a bond that has a fixed interest rate that remains constant throughout the life of the bond.
The interest rate on a fixed-rate bond is typically set at the time of issuance and does not change, regardless of changes in market interest rates. As a result, the coupon interest rate (the interest rate paid on the bond) remains constant from the time of issue until the bond matures. A fixed-rate bond is a type of debt security that offers a fixed interest rate (also known as the coupon rate) that remains constant throughout the life of the bond. The coupon rate is typically determined at the time of issuance and is based on the prevailing market interest rates at that time.
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Identify two reasons for a profit and loss statement to be created and distributed to there
stakeholders?
The two reasons for a profit and loss statement to be created and distributed to there stakeholders are - To demonstrate the financial success of the business, To inform decision-making.
A profit and loss statement is an important financial document used to summarize the financial performance of a business over a period of time. It is typically created and distributed to stakeholders, such as investors, lenders, and creditors, in order to provide an overview of the company's financial performance.
The two primary reasons for creating and distributing a profit and loss statement are:
1. To demonstrate the financial success of the business: A profit and loss statement provides a clear, comprehensive overview of the company's financial position over the stated period of time. This allows stakeholders to gain insight into how the company is performing and understand its overall financial health.
2. To inform decision-making: A profit and loss statement can be used to inform stakeholders of their investments and help them make informed decisions. The document also provides stakeholders with a way to compare the performance of their investments over different periods of time.
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journalize the mar. 31 summary entries to record each of the following operations for march (one entry for each operation). refer to the chart of accounts for the exact wording of the account titles. cnow journals do not use lines for spaces or journal explanations. every line on a journal page is used for debit or credit entries. do not add explanations or skip a line between journal entries. cnow journals will automatically indent a credit entry when a credit amount is entered. a. direct and indirect materials used. b. direct and indirect labor used. c. factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost). d. completion of jobs 301 and 302.
When a credit amount is entered, the journal will automatically indent it to signify that it is a credit entry. Do not add explanations or skip a line between journal entries, as all lines on a journal page should be used for debit or credit entries.
A. To record the direct and indirect materials used, debit Materials Inventory and credit Cash for the total cost of the materials.
B. To record the direct and indirect labor used, debit Salaries and Wages Payable and credit Cash for the total cost of the labor.
C. To record the factory overhead applied to all four jobs, debit Factory Overhead and credit Work in Process Inventory for the total cost of the overhead.
D. To record the completion of Jobs 301 and 302, debit Work in Process Inventory and credit Finished Goods Inventory for the total cost of the jobs.
When journalizing the March 31 summary entries, it is important to ensure that each entry is accurate and complete. It is also important to ensure that the correct account titles are used. To make the journal entry, debit and credit the appropriate accounts, and enter the total cost of each operation. Make sure to use the same account title wording as it appears in the chart of accounts.
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Time Warner has bonds that are selling for $710 . The coupon interest rate on the bonds is 8.90 percent and they mature in 17 years. What is the yield to maturity on the bonds? What is the current yield?
The yield to maturity on the bond is %. (Round to two decimal places.)
The current yield on the bond is 12.54%. The price of the bond = $710 Coupon interest rate = 8.90% Maturity = 17 years. To calculate the yield to maturity on the bond, we will use the formula given below: P=PMT * [(1-1/(1+r)^n)/r]+ FV/(1+r)^n where P = Price of the bond, PMT = Coupon payment, r = rate of return, n = number of periods and FV = face value of the bond.
Substituting the values given, we get:$710 = $44.59 * [(1-1/(1+r)^17)/r] + $1000/(1+r)^17 now we need to find the rate of return r. We can do that by trial and error or by using a financial calculator. Using a financial calculator we get: Yield to maturity = 6.60%The yield to maturity on the bond is 6.60%.
The current yield is the annual interest payment divided by the current market price. The annual interest payment can be calculated as: Annual interest payment = coupon interest rate * face value= 8.90% * $1000= $89The current market price is $710.
Therefore, the current yield is given by: Current yield = Annual interest payment / Current market price= $89 / $710= 0.1254 or 12.54%. The current yield on the bond is 12.54%.
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A 5.66% annual coupon, 19-year bond has a yield to maturity of 4.14% . Assuming the par value is $1,000 and the YTM is expected not to change over the next year, what is the expected Current Yield for this bond? Please share your answer as a %.
A 5.66% annual coupon, 19-year bond with a yield to maturity of 4.14% and a par value of $1,000 has an expected current yield of 5.18%. A bond's current yield is the amount of interest income a bond produces in a single year as a percentage of its current market value.
In order to find the bond's expected current yield, we must first find the bond's current market value.
We can find the bond's current market value by using the bond pricing formula, which is as follows: $$PV=\frac{C}{(1+r)^1}+\frac{C}{(1+r)^2}+...+\frac{C+P}{(1+r)^n}$$ where PV = present value of the bond, C = annual coupon payments, r = the discount or yield rate, P = the par value of the bond, n = the total number of coupon payments.
To begin, we'll input the provided values into the formula and solve for PV. $$PV=\frac{56.6}{(1+.0414)^1}+\frac{56.6}{(1+.0414)^2}+...+\frac{1,056.6}{(1+.0414)^19}$$$$PV = \frac{56.6}{1.0414}+\frac{56.6}{1.0414^2}+...+\frac{1,056.6}{1.0414^{19}}$$$$PV = 950.42$$.
Now that we have the bond's current market value, we can calculate its expected current yield. The expected current yield formula is as follows: $$Current Yield = \frac{Annual Coupon Payment}{Current Market Value}$$. We'll input the provided values into the formula.$$Current Yield = \frac{56.6}{950.42}$$$$Current Yield = 0.0596$$.
Finally, we'll convert the decimal to a percentage. The expected current yield for this bond is 5.18%.Therefore, the answer is 5.18%.
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What economic principle is related to a property’s most profitable use that is both legal and economically feasible?
A Radant Beauty for a New Generation When Sam Rainer launched Radant Beauty in the USA in spring 2021, it was with a clearly articulated marketing strategy – a hefty first-year sales goal of $1.7 Million. Nine months after rollout, Rainer’s plan seemed to have worked quite well. His skincare company and product line had already topped the $1 Million mark and showed no signs of slowing. The line was formerly owned Zirh Skin Nutrition, a male skincare line that was acquired by Shisheido in 2000. Rainer immediately recognized an underserved market segment among young people ages fifteen to twenty-nine, a group he called "Generation Me". A combination of Generation X and Generation Y, Generation Me had long been ignored by the more recognized skincare companies, which tended to make products to help older consumers fight such skin ailments as wrinkles and recondition ageing skin. No serious conservatively priced high-end skin care solutions existed for young skin problems, such as oily skin, combination skin, and acne. That is, until Radant Beauty entered the market. Radant Beauty’s twelve-product line was developed by a group of dermatologists focusing on prevention and maintenance rather than repair. Although the products are serious skincare, their names all tie into the lingo used by the Generation Me market. Clean Me face wash, Scrub Me Gently facial scrub, Make Me Soft facial moisturizer, Help Me acne cream, Renew Me face peel, Make Me Moist body lotion, Rub Me message oil, Wash Me Everywhere body wash, Scrub Me Harder body scrub, Heal and Protect Me face and body cream for calming and reducing redness, and newest product, Shield Me sunscreen get with SPF 15. Radant Beauty intends to focus exclusively on skin care- and not branch out into cosmetics – in order to avoid losing the message of serious skincare. So, with only eleven products when the line was launched. Shield Me was added in Spring 2002). How did Radant Beauty ring up so many sales in such a short period of time? The starting point was zeroing onto the Generation Me market. Rainer wanted to identify what a fifteen to twenty-nine-year-old wanted. He found that they were consumers concerned about "me" and wanted products exclusively for "me". Once the market was clearly identified, Rainer developed a product line to meet its needs and wants. That is why none of the flagship products contained sun protection. Generation Me likes to look tan, and Radant Beauty products are geared toward a youthful market. The new Shield Me seems to send a conflicting message, but the SPF 15 only gives enough protection not to burn during daily activities. Also appealing to the larger target market is the product packaging. Colourful products packaged in clear bottles with funky writing attract interest. Creamier products are in an innovative style of packaging referred to as a "tattle" which is a tube and bottle combined, which prevents accidental discharge of the product. Once the market and products were ready, Radant Beauty introduced them to high-end retailers like Henri Bedel, Bloomingdale’s, Fred Segal, and Nordstrom. The idea was to build relationships with stores, train store personnel, and make brochures, literatures, and samples available to store customers. Radant Beauty co-sponsored a Teen Appreciation Day at Bloomingdale’s during the 2001 back-to-school season with Ralph fragrances, Tony & Tina cosmetics, and Lucky magazine. Teens received free facials and makeovers during the event, which generated a month’s worth of sales for Radant Beauty in a single day. The cost of the sponsorship was minimal. Keeping promotion costs minimal has been a key tactic for Rainer. Rather than roll out his new product and company with a pricey national advertising campaign, he chose to use catalogue inserts, postcards, in-store support combined with a heavy sampling programme, and store events like the Teen Appreciation Day. Low promotional costs help Radant Beauty make the most of its pricing strategy. Price points range from $15 for the Rub Me and Scrub Me products to $20 for Help Me acne products. In a market full of high-priced products aimed at older consumers, Radant Beauty is certainly poised to be a long-term success. Radant Beauty brings together a fun, cool skincare line (that’s still serious and effective) with the niche market it was designed to serve.
Radant Beauty has used its marketing mix elements effectively to meet the needs and wants of its target market, by developing a product line that addresses the common skin problems of the younger generation.
How was marketing used?The product line of Radant Beauty was developed specifically for the needs and wants of Generation Me. The products focus on prevention and maintenance rather than repair, with names that are relatable to the target market. The products are designed to address common skin problems of the younger generation, such as oily skin, combination skin, and acne. The packaging is also attractive to the younger market, with colourful products packaged in clear bottles with funky writing, and innovative packaging styles such as the "tattle" tube and bottle combined.
By developing a product line that addresses the common skin problems of the younger generation, implementing an affordable pricing strategy, making its products accessible in popular retail stores, and promoting its products through low-cost tactics that appeal to the younger market, Radant Beauty has successfully captured a previously underserved market segment.
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Explain how has Radant Beauty used the elements of its marketing mix to meet the needs and wants of its target market (Generation Me).
Recognize what secondary data are available in your area to help you decide where to locate the store? Interpret if the same data would be relevant to someone opening a franchise for a Domino's pizza outlet?
Previous question
Secondary data that may be available in the area to help decide where to locate a store are population demographics and socioeconomic data, transport data, and retail data. Some of the data would be relevant for a franchise for a Domino's pizza outlet.
Secondary data refers to data collected by someone else for another purpose but can still be useful to the researcher. Secondary data is information that has already been collected, and it can come from many sources. Secondary data sources include internal organizational sources, government sources, and external commercial sources.
Secondary data is usually gathered from different sources such as books, government publications, newspapers, websites, and trade associations. Secondary data is vital when conducting research, and there are different types of secondary data sources that are essential to consider.
Here are some of the secondary data sources that can help decide where to locate a store:
Population demographics and socioeconomic data: This data will provide you with information on the age, income, education, and lifestyle of the population in your location. This data will help you understand your target audience's needs and preferences, which will help you design your store to meet their expectations.Transport data: This data will provide you with information on the transportation facilities and infrastructure in the area. This data will help you understand the transportation routes and identify the best location for your store.Retail data: This data will provide you with information on other stores and businesses in the area. This data will help you understand your competitors' strengths and weaknesses and help you design your store to stand out.Finally, for a Domino's pizza outlet, some of the data sources that will be relevant include customer demographic data, restaurant industry reports, and the company's own data. The company's data will provide you with insights on what works and what doesn't in a location. Restaurant industry reports will help you understand the trends in the industry, and customer demographic data will help you understand the people in the area who are more likely to order pizza.
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ABC Stock value on the expiration date of call option is $88.50.
The call purchased with a $2.20 premium & an exercise price of
$85, what is the breakeven price? * $88.50. $87.20. $86.30.
The breakeven price is $87.20. So, the correct option is B.
What is breakeven?In finance, the breakeven point refers to the point at which total revenue equals total expenses or costs. There are two primary ways to define and calculate this point, depending on whether you're referring to a company's financial statements or a more detailed budget or cost analysis.
There are several ways to compute a breakeven point for an options contract. The formula for determining the breakeven point is as follows: breakeven = strike price + premium paid.
The given problem can be solved as follows:
Breakeven = Strike price + Premium paid
Breakeven = $85 + $2.20
Breakeven = $87.20
Therefore, the breakeven price is $87.20.
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explain in 150 words, the difference between franchisor and franchisee and the advantages of being a franchisor and franchisee
Explanation:
The difference between a franchisor and a franchisee is the relationship between a franchisor and a franchisee. A franchisor is a company that owns the rights to a particular product or service and grants franchises to other businesses. A franchisee is a business that purchases the right to use a franchise's name, products, services and business model. The advantages of being a franchisor are the ability to expand quickly and the ability to benefit from the brand recognition of the franchise. Franchisors benefit from the increased market presence and the potential for increased profits that come with having multiple locations. Franchisors also benefit from the expertise and resources of the franchisees. The advantages of being a franchisee are the ability to operate with the support of an established brand and the ability to benefit from the franchisor's knowledge and expertise. Franchisees benefit from being able to use the franchisor's marketing materials and resources to help promote their business. Franchisees also benefit from being able to use the franchisor's business model, which can help them run their business more efficiently. In conclusion, the franchisor and franchisee both have advantages that come with owning and operating a franchise. The franchisor is able to benefit from the increased market presence and the potential for increased profits that come with having multiple locations. The franchisee is able to benefit from the franchisor's knowledge and expertise and from being able to use the franchisor's business model.
Discuss the attitudes toward luxury categorized according to SRI Consulting Business Intelligence.
Describe FIVE (5) of the obstacles to measuring social class in today's society.
SRI Consulting Business Intelligence categorizes attitudes toward luxury into three distinct types that are traditional luxury, luxury for value, and new luxury. Five obstacles to measuring social class in today's society are social class is difficult to define, there are no standard definition, change in economy and society, people are unwilling to disclose information, and it may change over time.
A luxury item refers to an item which is not necessary to live, but it is deemed highly desirable within a culture or society. SRI Consulting Business Intelligence has identified different attitudes toward luxury that can be useful for marketers to understand and target their audience effectively.
These attitudes range from those who view luxury as a symbol of success and achievement to those who prioritize the experiential aspect of luxury over material possessions. By understanding these attitudes, businesses can tailor their marketing strategies to appeal to their target audience specific mindset towards luxury. The three attitudes toward luxury are traditional luxury, luxury for value, and new luxury.
Measuring social class in today's society has proven to be a challenging task because of the following obstacles:
1. Social class is a complicated concept that is difficult to define or describe. Social class is usually defined by factors such as occupation, education, and income, but these variables may not accurately reflect a person's position in society.
2. There is no standard definition of social class, and different researchers may use different criteria to define it. This lack of consistency makes it difficult to compare research findings across studies.
3. Changes in the economy and society have made it difficult to measure social class accurately. For example, the growth of the service sector has created new types of jobs that did not exist in the past, making it difficult to classify people into traditional social class categories.
4. People may not be willing to disclose their income or other information that could be used to determine their social class.
5. People's social class may change over time, making it difficult to use a single point in time to measure it.
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a new apartment building is going up downtown. the owner secured interim financing for the job. which of these loan types is interim financing?
The loan types which is interim financing is construction loan.
Interim financing is a short-term loan that helps cover expenses during the construction phase of a new project. It is typically a line of credit or a bridge loan that is paid back when the project is complete. Interim financing is a temporary funding solution that is usually used by a borrower before a permanent financing solution is secured.
This type of financing helps the borrower meet short-term funding needs during a project. It is a type of short-term loan that is used to cover expenses while a long-term financing solution is being arranged. Interim financing may be in the form of loans, leases, or credit lines. Interim financing is a type of financing that is utilized for a brief period to meet a temporary funding need. The correct option is construction loan. Interim financing is frequently used in real estate transactions, especially for construction projects.
It assists developers in obtaining the funds they need to complete the project while also allowing them time to arrange more long-term financing. Because of its short-term nature, interim financing is more expensive than conventional financing. Loans from banks and other financial institutions are the most frequent sources of interim financing. A construction loan is a type of interim financing that is frequently used to cover construction expenditures.
The complete question- a new apartment building is going up downtown. the owner secured interim financing for the job. which of these loan types is interim financing? a)House loan b)Construction loan c)Health insurance
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CASE STUDY.
Read case "Madison, Jones, and Conklin" on p. 373 and answer questions at the end of the case.
What forms of gender discrimination did Kravitz experience?
What could Kravitz have done to overcome the obstacles she encountered?
What could the president have done to create equal opportunity in this company?
Two peer-reviewed sources minimum for the whole assignment.
The forms of gender discrimination experienced by Kravitz experience was her role was undervalued despite her qualification, she was not given appropriate growth opportunities, and were given mundane tasks. She also experienced harassments from her male coworkers.
Kravitz could have overcome the obstacles she encountered by confronting her bosses, documented discrimination and harassments incident, network with other female employees, and be more assertive.
The president could have create equal opportunity in this company by creating a diverse workforce and bias free hiring process, providing training to managers and employees, creating support network, and monitoring employee performance and growth.
In the given case study, Kravitz experienced several forms of gender discrimination during her time at Madison, Jones, and Conklin. For instance, Kravitz’s role as an administrative assistant was significantly undervalued and ignored, despite her extensive qualifications and training. Although Kravitz had an MBA, which is a relevant qualification for a management position, she was instead assigned a low-level job that was less demanding than her qualifications would have allowed.
Moreover, Kravitz was not given any growth opportunities or promotions, despite the many years she spent with the company. In contrast, male employees with fewer qualifications and experience than Kravitz received promotions and recognition, demonstrating the clear gender discrimination that existed at the company.
Additionally, Kravitz was also given mundane and clerical tasks, which were traditionally women's jobs. The management team at Madison, Jones, and Conklin ignored her other qualifications and capabilities, which were not typical for women in the company. Furthermore, Kravitz experienced harassment from her male colleagues. They referred to her using derogatory terms and made sexist jokes, creating a hostile work environment.
To overcome the gender discrimination she faced, Kravitz could have done the following:
She could have confronted her bosses and demanded that they recognize her qualifications and skills and offer her better opportunities for growth and development.She could have documented all incidents of discrimination and harassment and sought legal action or support from equal employment opportunity organizations. This would have helped her to make a case against the company and win compensation for lost opportunities.She could have networked with other professionals, including other women, and sought mentorship from those who had experience dealing with similar issues.She could have taken a more assertive approach to her work, making sure that her work is noticed and recognized. This could have made it difficult for the management team to ignore her contributions and qualifications.The president of Madison, Jones, and Conklin could have taken several steps to create equal opportunities in the company. These include:
They could have created a more diverse workforce by hiring more women and members of other underrepresented groups. They could have also ensured that the hiring process was free from bias and that all candidates were evaluated solely based on their qualifications and skills.They could have offered training to managers and employees to promote gender equality and prevent discrimination and harassment. This could have involved creating policies and guidelines to help employees understand what behavior is acceptable and what is not. It could also have involved training employees on how to respond to discrimination or harassment allegations.They could have created a support network for women and other underrepresented groups in the company. This could have included mentorship and coaching programs, networking events, and social activities that promote diversity and inclusion.They could have established a system for monitoring employee performance, growth, and development to ensure that everyone receives equal opportunities for promotions and other benefits. This could have included regular reviews, feedback sessions, and evaluations based on clear and measurable criteria.Learn more about Gender discrimination:
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the balanse sheet is the foloowing
assets:
rate sensitive 35 and rate is 8.5%
non rate sensitive 30 and rate is 9.5
fixed assets 5
Liabilities:
rate sensitive 20 and the rate is 6.5%
non rate sensitive 45 and rate is 7.5%
equity 5
1. what is the dollar amount of the GAp positions
2. What is the rate differential earned on the GAp position
3. what is the expected pre tax profit on the GAP position
4. if interest rates fall unexpectedly, what will happed to net interest income of this banking organizations
The GAP position is 15. Based on the provided balance sheet, we can calculate the GAP position as follows:
Rate Sensitive Assets = 35 Rate Sensitive Liabilities = 20 GAP = Rate Sensitive Assets - Rate Sensitive Liabilities GAP = 35 - 20 = 15Therefore, the GAP position is 15.
To calculate the rate differential earned on the GAP position, we would need additional information such as the time frame for which the rates are sensitive, and the interest rate sensitivity of both the assets and liabilities.
The expected pre-tax profit on the GAP position would depend on the interest rate sensitivity of the assets and liabilities and the rate differential earned on the GAP position.
If interest rates fall unexpectedly, the net interest income of this banking organization would increase, as the reduction in the interest rates would decrease the interest expense on the rate-sensitive liabilities faster than the decrease in the interest income on the rate-sensitive assets.
Please note that the calculations provided here are only a general guide and may not accurately reflect the actual financial situation of the organization. Financial decisions should be based on more detailed analysis and professional expertise.
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Think of a new business you are contemplating creating or already own. Answer the following in 350 to 525 words:
BUSINESS: FOOD TRUCK (contemplating)
1. Explain 3 core values of your company.
2. Describe how your company will conduct business, including things you will always do and things you will never do.
3. Explain the type of company culture you want to create. Include how you want your team members, customers, and stakeholders to be treated.
4. Describe the main differences between customer demographics and a customer persona.
5. Describe 5 attributes that might make up a customer persona for the company you are contemplating or already own.
6. List 3 slogans or taglines you are familiar with from companies you admire.
7. Create 2 options for slogans to use for your company.
The company's three key principles are quality, customer service, and sustainability.
a. The firm is devoted to providing its clients with food that is both high-quality and fresh. This is one of its three basic beliefs.
b. Customer service: We place a high value on the satisfaction of our clients and work hard to deliver top-notch support.
c. Sustainability: By reducing waste and implementing eco-friendly procedures, we are committed to running our company in an ecologically responsible manner.
2. Corporate ethics: We'll never:
Use premium components and uphold food safety requirements.Give exceptional customer service a high priority and put the needs of the client first.
Use ecologically friendly practises.
We won't ever:
Making quality or safety compromises
someone who practises discrimination on the basis of their colour, gender, sexual orientation, or any other characteristic
perform unethical or prohibited behaviour.
3. Business culture: We want to foster an environment where all of our team members, clients, and stakeholders are treated with dignity and respect. We think that satisfied consumers come from a motivated and happy workforce. We promise to offer a secure and encouraging work environment, fair pay, and chances for professional advancement.
4. Consumer demographics and customer personas: Customer demographics are quantitative statistics that indicate a customer base's attributes, such as age, gender, income, and geography. Customer personas are qualitative descriptions of a client base. A customer persona, on the other hand, is a fictitious depiction of the ideal client. It is made by compiling qualitative information about consumer behaviour, tastes, and values.
5. Consumer persona characteristics: For our food truck business, potential client characteristics include:
Those that are interested in eating different foods and tastes
During lunch breaks, active professionals want a fast and enjoyable meal.
Health-conscious people seeking choices for fresh and nourishing foods.
Residents in the area who appreciate promoting small and independent enterprises.
Students seeking inexpensive and delicious meal alternatives
6. Slogans or taglines from reputable companies:
Nike's slogan is "Just Do It," Apple's is "Think Different," and Coca-slogan Cola's is "Taste the Feeling."
7. Potential food truck slogans include:
a. Delicious tastes on the fly.
b. Satisfy your appetites .
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Webster Company produces 40,000 units of product A, 27,000 units of product B, and 20,000 units of product C from the same manufacturing process at a cost of $440,000. A and B are joint products, and C is regarded as a by-product. The unit selling prices of the products are $30 for A, $25 for B, and $1 for C. None of the products require separable processing. Of the units produced, Webster Company sells 33,000 units of A, 26,000 units of B, and 20,000 units of C. The firm uses the net realizable value method to allocate joint costs and by-product costs. Assume no beginning inventory. (Do not round intermediate calculations.)
Required:
1. What is the value of the ending inventory of product A?
2. What is the value of the ending inventory of product B?
The value of the ending inventory for product A is $44,170. The value of the ending inventory for product B is $6,210.
To allocate joint costs using the net realizable value (NRV) method, we first need to determine the total net realizable value of the joint products (A and B) at the split-off point.
Calculate the total revenue for products A and B:
Product A: 33,000 units sold × $30 = $990,000
Product B: 26,000 units sold × $25 = $650,000
Total revenue (A + B) = $990,000 + $650,000 = $1,640,000
Calculate the revenue for the by-product (C) and deduct it from the total joint costs:
Product C: 20,000 units sold × $1 = $20,000
Joint costs after deducting by-product revenue: $440,000 - $20,000 = $420,000
Allocate the joint costs to products A and B based on their proportion of the total NRV:
Product A: ($990,000 / $1,640,000) × $420,000 = $252,439.02
Product B: ($650,000 / $1,640,000) × $420,000 = $167,560.98
Calculate the cost per unit for products A and B:
Product A: $252,439.02 / 40,000 units = $6.31 per unit
Product B: $167,560.98 / 27,000 units = $6.21 per unit
Calculate the value of the ending inventory:
Product A:Units in ending inventory: 40,000 produced - 33,000 sold = 7,000 units
Value of ending inventory: 7,000 units × $6.31 per unit = $44,170
Product B:Units in ending inventory: 27,000 produced - 26,000 sold = 1,000 units
Value of ending inventory: 1,000 units × $6.21 per unit = $6,210
So, the value of the ending inventory for product A is $44,170, and for product B, it is $6,210.
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What is the value of a bond if the present value of interest
cash flows is $200 and the present value of the face value to be
received when the bond matures is $150?
If the present value of the cash flows from interest payments is $200 and the present value of the face value that will be received when the bond matures is $150, the bond's value will be $350.
How do you calculate a bond's face value?
When calculating a bond's worth at any given time, sum the present value of interest payments and the present value of the principal you would get upon maturity.
Which bond's face value is paid back at maturity at a price less than the bond's purchase price?
Option D, "discount bond," is the appropriate response to the question. A bond that is issued at a price lower than the market rate is known as a discount bond. At maturity, the investor receives the face value plus interest. A bond of this type could have zero or one coupon.
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All of the following would cause aggregate demand to shift except a
change in consumer spending.
change in productivity.
change in investment spending.
change in exports.
change in imports.
Consisting of consumption, investment, government spending, and net exports, aggregate demand is the total of these four factors.
Which of the following may cause inflation that is fueled by consumer demand?An expanding economy, higher government spending, or globalisation may all be factors driving demand-pull inflation.
Price increases could be caused by either an unusually high demand or a short supply. Inflation that is driven by demand occurs when there is an imbalance between the growing supply of products and services and the escalating demand for those goods and services.
Do rising demand and inflation go hand in hand?As demand outpaces supply in an expanding economy, prices can be raised by enterprises. Hence, the rate of inflation rises as a result.
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Your client, Albert Lee Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period of 25 years. Lee has an investment cost of $429,000 in the machine, which has a useful life of 25 years and no salvage value at the end of that time. Your client is interested in earning an 12% return on its investment and has agreed to accept 25 equal rental payments at the end of each of the next 25 years. Click here to view factor tables. You are requested to provide Lee with the amount of each of the 25 rental payments that will yield an 12% return on investment. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Amount of each rental payments $
The amount of each rental payment that will yield an 12% return on investment is $104,581.
What is return on investment?Return on investment (ROI) is a measure of the profitability of an investment. It is a ratio of the net profit of an investment divided by the cost of the investment. It is typically expressed as a percentage, and is used to evaluate the performance of an investment or to compare the efficiency of a number of different investments.
The present value of an annuity formula is used to calculate the value of each equal rental payment.
The formula is: PV = PMT x [1 - (1 / (1 + i)^n)] / i
Where:
PV = Present Value
PMT = Payment amount
i = Interest rate
n = Number of payments
In this case:
PV = ?
PMT = ?
i = 12% = 0.12
n = 25
Therefore:
PV = PMT x [1 - (1 / (1 + 0.12)^25)] / 0.12
PV = PMT x [1 - 0.507399] / 0.12
PV = PMT x 0.492601 / 0.12
PV = PMT x 4.10501
Since PV = $429,000,
PMT = $429,000 / 4.10501
PMT = $104,581
Therefore, the amount of each rental payment that will yield an 12% return on investment is $104,581.
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compute the price of a 6.2 percent coupon bond with 10 years left to maturity and a market interest rate of 10.2 percent. (assume interest payments are semiannual.) (do not round intermediate calculations. round your final answer to 2 decimal places.)
The price of the 6.2% coupon bond with 10 years left to maturity and a market interest rate of 10.2% is $97.18.
To calculate the bond's price, use the formula P = C / [1 + (r/2)]t, where P is the price, C is the coupon payment, r is the interest rate, and t is the number of years left to maturity.
The coupon payment is 6.2% of the face value, so C = 6.2/100 × face value. In this case, the market interest rate is 10.2% and there are 10 years left to maturity, so the calculation is P = (6.2/100 × face value) / [1 + (10.2/2)]10 = $97.18.
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When listing items in order of importance:
Group of answer choices
a.Bullets are always appropriate
b. A numbered list should be used.
c.The entire list should be in capitals.
When listing items in order of importance,b) a numbered list should be used.
Numbered lists provide a clear and structured way to present information, and the numbering itself helps to convey the hierarchy of the information being presented. Bullets can be appropriate for some types of lists, but when it comes to importance, a numbered list is more effective.
Using all capitals for the entire list is not recommended as it can be difficult to read and can come across as shouting. It is best to use a consistent format for the list, including font size and style, to make it easy to read and visually appealing.
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true or false: if a firm maximizes profit, it must minimize the cost of producing the profit-maximizing output.
The given statement " if a firm maximizes profit, it must minimize the cost of producing the profit- maximizing output " is True because if the firm reduces cost of producing it allows the firm to increase production without increasing its costs.
A firm maximizes profit when it maximizes the difference between total revenue (TR) and total cost (TC). Mathematically, Profit = Total Revenue (TR) - Total Cost (TC)
Profit is maximized when the difference between TR and TC is the greatest. Therefore, to maximize profit, a firm must produce the output level where this difference is the highest. To maximize profit, a firm must also minimize its cost of producing the profit-maximizing output.
The costs of production can be broadly categorized into fixed costs (FC) and variable costs (VC).
Fixed costs (FC) are those that don't change with the level of production. Examples of fixed costs include rent, interest on loans, salaries of managers, etc.Variable costs (VC), on the other hand, vary with the level of production. Examples of variable costs include raw material costs, electricity bills, fuel costs, etc.Therefore, to minimize the cost of production, a firm should first reduce its variable costs. This would allow the firm to increase production without significantly increasing its costs.
Hence the statement is true.
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A merchant (unregulated) utility has a 300 MW combined cycle gas generation unit in PJM. For 2022, the utility received $50/MW-day for dedicating the capacity of the unit to PJM and $65/MWh for actual generation dispatched into PJM. During 2022, the combined cycle unit generated at a 65% capacity factor and all generation was dispatched into PJM. What is the annual revenue received by the merchant utility during 2022? Please show your work.
The annual revenue received by the merchant utility in 2022 is $46,935,000.
To calculate the revenue, we first need to determine the total amount of energy generated by the unit in 2022. At a 65% capacity factor, the unit would generate 1,825,500 MWh (300 MW x 24 hours x 365 days x 0.65).
Next, we can calculate the revenue from capacity payments by multiplying the capacity payment rate ($50/MW-day) by the capacity of the unit (300 MW) and the number of days in 2022 (365). This gives us a total capacity payment revenue of $5,475,000.
To calculate the revenue from energy payments, we multiply the energy payment rate ($65/MWh) by the total energy generated (1,825,500 MWh). This gives us a total energy payment revenue of $118,632,500.
Finally, we can add the capacity payment revenue and the energy payment revenue together to get the total annual revenue received by the merchant utility: $5,475,000 + $118,632,500 = $124,107,500.
However, we should subtract out the cost of fuel, which can be estimated at around $77,172,500 (assuming a fuel cost of $4/MMBTU and a heat rate of 7,500 BTU/kWh). This gives us a net revenue of $46,935,000.
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Allocating Service Department Costs: Allocation Basis Alternatives Weld-Rite Fabricators has two producing departments, P1 and P2, and one service department, S1. Estimated directed overhead costs per month are as follows: P1 $600,000 P2 1,000,000 S1 364,000 Other data follow: P1 P2 Numbers of employees 150 50 Production capacity (units) 100,000 60,000 Space occupied (square feet) 5,000 15,000 Five-year average of S1's service output used 65% 35% For each of the following allocation bases, determine the total estimated overhead cost for P1 and P2 after allocating S1 cost to the producing departments
The total estimated overhead cost for P1 is $649,156 and for P2 is $1,014,844.
To allocate the cost of S1 to P1 and P2, we need to select an allocation base. Let's consider three different allocation bases:
Number of employees
P1 has 150 employees and P2 has 50 employees
S1 cost would be allocated based on the number of employees in each department
P1 would be allocated 65% of S1 cost and P2 would be allocated 35% of S1 cost
Total estimated overhead cost for P1: $634,600 ($600,000 + 65%*$364,000)
Total estimated overhead cost for P2: $1,057,400 ($1,000,000 + 35%*$364,000)
Production capacity
P1 has a production capacity of 100,000 units and P2 has a production capacity of 60,000 units
S1 cost would be allocated based on the production capacity of each department
P1 would be allocated 62.5% of S1 cost and P2 would be allocated 37.5% of S1 cost
Total estimated overhead cost for P1: $626,500 ($600,000 + 62.5%*$364,000)
Total estimated overhead cost for P2: $1,031,500 ($1,000,000 + 37.5%*$364,000)
Space occupied
P1 occupies 5,000 square feet and P2 occupies 15,000 square feet
S1 cost would be allocated based on the amount of space occupied by each department
P1 would be allocated 26.09% of S1 cost and P2 would be allocated 73.91% of S1 cost
Total estimated overhead cost for P1: $649,156 ($600,000 + 26.09%*$364,000)
Total estimated overhead cost for P2: $1,014,844 ($1,000,000 + 73.91%*$364,000)
Therefore, the total estimated overhead cost for P1 and P2 is calculated to be $649,156 and $1,014,844 respectively. It is to be noted that the allocation of S1 cost will vary depending on the allocation base chosen. Ultimately, the choice of allocation base should reflect the way in which S1's services are consumed by P1 and P2.
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