Answer:
18,750 units
Explanation:
A firm has the following forecast information for sales of Product X:
April 15,000 units
May 17,000 units
June 19,000 units
July 18,000 units Product X sells for $3 per unit.
Half of the firm's sales are for cash and the other half is on account.
Credit sales are collected in the following pattern: 60% in the month of sale, 30% in the month following sale, and 5% in the second month following sale (the remainder are uncollectible).
If the firm targets its ending inventories to be 25% of the following month's sales, what are the budgeted purchases (in units) for June .
Purchases Budget = Required production for sales - opening inventory of raw materials + closing inventory of raw materials = Raw materials required
June's Production Budget
Required production for sales = .............................................19,000 units
less: Beginning inventory (25% of June's sales) =............... 4,750 units
Add: Required Ending Inventory (25% of July's sales) = ...4,500 units
Raw materials required for purchase in June =.................. 18,750 units
Answer:
18,750 units
Explanation:
the firm estimates in monthly ending inventories at 25% of next month's sales:
ending inventory May = 19,000 x 25% = 4,750 units
units sold during June = 19,000 units
ending inventory June = 18,000 x 25% = 4,500 units
total purchases for June = 19,000 + 4,500 - 4,750 = 18,750 units
Sales forecast:
month units sold price p/ unit total sales cash credit
April 15,000 $3 $45,000 $22,500 $13,500
May 17,000 $3 $51,000 $25,500 $22,050
June 19,000 $3 $57,000 $28,500 $25,875
July 18,000 $3 $54,000 $27,000 $26,025
Considering the entire organization's operational efficiency is critical in coordinating international business activities, so global companies need to change their _____ strategies in an effort to respond to the global market.
Answer:
Product and marketing
Explanation:
One of the most critical aspects of competing in the domestic and international market is the way a company works. The operational efficiency is a factor that helps companies to take a competitive advantage over other competitors. Likewise, to achieve operational efficiency, companies must change and improve their product and marketing strategies. Product and marketing strategies can help to achieve product and operational efficiency.
Grant argues that resources in efficient financial markets are equally available to all participants, but in industrial markets resources are "specialized, immobile, and long-lasting." What opportunity does he suggest that this disparity provides in industrial markets, but denies to financial markets?
Answer:
The opportunity was purchasing shares to specific customers.
Answer:
An opportunity for sustainable competitive advantage
Explanation:
Sustainable competitive advantage refers to the uniqueness that a business has that makes it stand out among its peers.
Among the key things that creates sustainable competitive advantage are strategic assets,distinct brands,low-cost advantage.
A company that has discovered a rear vaccine for a major disease may go ahead to patent it such that for a number of years a competitor is prevented from producing its kind.
Some companies' powerful brands gives them a strong edge when compared to other businesses because consumers naturally have a loyalty for such powerful brands.
Low cost advantage means the ability to produce at very low cost per unit which then translates to selling at a lower than competitor's price and gaining a larger market share
Gains in income and wealth translate into an increased likelihood of having good health, showing a clear link between health and socioeconomic status. What evidence has been found that demonstrates how these factors work in different ways across racial and ethnic lines?
The manufacturers of Miracle-Gro have square boxes of the plant food that serve as a flower-pot liner. The customer just puts the box inside the flower pot, fills it with potting soil, and then adds water. The Miracle-Gro chemical is activated by the water and begins feeding the plant. This would be an example of ____ packaging. a. secondary-use b. category-consistent c. innovative d. handling-improved
The manufacturers of Miracle-Gro have square boxes of the plant food that serve as a flower-pot liner. The customer just puts the box inside the flower pot, fills it with potting soil, and then adds water. The Miracle-Gro chemical is activated by the water and begins feeding the plant.This would be an example of Innovative packaging
Explanation:
Innovative Packaging is also called creative packaging include innovative designs and solutions that makes the product stand out of the rest of the similar products in competition by increasing the success rate of the product.An innovative packaging provides a cost effective solutions.
The manufacturers of Miracle-Gro have square boxes of the plant food that serve as a flower-pot liner. The customer just puts the box inside the flower pot, fills it with potting soil, and then adds water. The Miracle-Gro chemical is activated by the water and begins feeding the plant.This would be an example of Innovative packaging
Luke is frustrated as he is often criticized by his employer for not meeting deadlines. He decides to take revenge on his employer for criticizing him in front of all his peers. Luke floods his organization's server with multiple requests so that the server can no longer handle genuine requests. This impacts the productivity of the organization. This act of sabotage is called ________.
A. a denial of service attackB. Wi-fi piggybackingC. war drivingD. a brick breaking attack
Answer: A. Denial of service attack
Explanation: Denial of service attack (DOS) is define as an attack that occurs when multiple systems flood a bandwidth of a targeted system, done by one or more severs . example is when a botnet is flooding a targeted system with traffic.
In this case Luke floods his organization servers with multiple request so that the server can no longer take genuine request.
Assume that Jack, Hal, and Sophia enter into a valid contract for the sale of the restaurant and for the covenant not to compete for five years. After three years, Jack starts selling frozen foods in violation of the covenant not to compete. Hal and Sophia sue, and the judge feels that the time restraint in the covenant not to compete was unreasonably long. Which of the following would likely be an appropriate remedy?
A. Quasi contract.
B. Rescission and restitution.
C. Reformation.
D. Specific performance.
Answer: C. Reformation
Explanation: A non-compete agreement or clause is a legal binding entered into by two or more parties which restricts the parties from being in competition with the other usually through the sale of similar product. However, in the context above, since the non-compete clause has been breached by Jack, and the judge feels the time constraint in the clause was unreasonably long, The reformation process will be best to remediate the situation, which refers to the change or alteration of the terms of an existing document using the judicial process and requires the conformation of the parties involved.
True / False:
A successful results-orientated wellness program will not need to allocate employees who are paid to promote wellness (i.e., as part of their job responsibilities) as this type of program is easily implemented (select one word answer only please).
Answer:
False
Explanation:
A successful results-orientated wellness program will not need to allocate employees who are paid to promote wellness (i.e., as part of their job responsibilities) as this type of program is easily implemented (select one word answer only please) False
Paul is the insured and policyowner. Paul named Danny and Kayla as co-primary beneficiaries of Paul's $100,000 policy. Danny is to receive 70% and Kayla is to receive 30%, therefore Danny gets $________ and Kayla gets $______ when Paul dies.
Answer:
C. $70,000/$30,000
Explanation:
Given that
Danny is to receive 70%
Kayle is to receive 30 %
Total amount of Paul Money to be share = 100000.
Therefore,
Amount to be received by Danny
= 100,000 × 70%
= 100,000 × 0.7
= $70,000
Amount to be received by Kayla
= 100,000 × 30%
= 100,000 × 0.3
= $30,000
In situations where there is more than one beneficiary listed by the benefactor, the percentage each gets when the benefactor dies is specified and thus money recieved by each beneficiary is based on that pre agreed percentage.
Answer:
Danny gets $70,000
Kayla gets $30,000
Explanation:
Total amount to be shared between Danny and Kayla = $100,000
Danny receives 70%
Let us calculate 70% of $100,000 to get the amount that Danny receives;
Danny's share = 70/100 × 100,000 = $70,000
Therefore Danny receives $70,000.
Kayla receives 30%
Kayla's share = 30/100 × 100,000 = $30,000
Kayla's amount = $30,000
alternatively, Kayla's share can be calculated by subtracting Danny's share from the total amount;
100,000 - 70,000 = $30,000
Constructive conflict: Group of answer choices should never be used as a conflict management strategy. should be encouraged for better decision making and performance. is one of the most common outcomes of conflict. is the only conflict management style that has high assertiveness and low cooperativeness. is the main source of conflict in organizations.
Answer:
Constructive conflict should be encouraged for better decision making and performance
Explanation:
Constructive conflict is a positive form of conflict in an organization. It arises when people have different ideas, values and opinions and come together to find the best solution. It is encouraged among teamwork because it allows to find the most creative solutions to problems as everyone corporates and shares different thoughts and views. Participants talk openly and respect other people’s views and opinions. They are also willing to let go of their own ego and agree to someone else’s solution if they are persuaded that it is a better solution than their own. Mediators and facilitators are sometimes used to ensure that a conflict remains constructive as opposed to destructive.
Final answer:
Constructive conflict should be encouraged as it leads to better decision-making and performance, leveraging a balance of assertiveness and cooperativeness. It fosters a collaborative environment, promotes organizational health, and supports productive collaboration. Proper management of constructive conflict can be a vital tool for growth.
Explanation:
The question asks whether constructive conflict should be considered as a conflict management strategy and its characteristics. Constructive conflict should be encouraged for better decision making and performance. This type of conflict, grounded in differences of opinion or approach, can lead to innovative solutions and enhance group dynamics, contrary to being a source of discord.
Conflict resolution strategies balance assertiveness and cooperativeness, with the ideal strategy promoting both parties' interests. Contrary to the belief that constructive conflict is associated only with high assertiveness and low cooperativeness, it actually embraces a balanced approach, fostering a collaborative and respectful environment. The ability to manage conflict constructively is crucial for maintaining the health of organizational relationships and ensuring productive collaboration.
Emphasizing collaborative goals and structured tasks can prevent conflicts from escalating. Dialogue and sharing information among partners can eliminate misunderstandings, leading to a more effective conflict resolution process. In summary, constructive conflict, when managed properly, can be a valuable tool for organizational growth and problem-solving.
Tamarisk, Inc. lends Nash's Trading Post, LLC $52800 on April 1, accepting a four-month, 12% interest note. Tamarisk, Inc. prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared? Note Receivable 52800 Cash 52800 Interest Receivable 528 Interest Revenue 528 Cash 528 Interest Revenue 528 Interest Receivable 1584 Interest Revenue 1584
The adjusting entry that will be passed in the books of accounts in the Tamarisk inc will be Notes receivable 52800, cash 52800.
Explanation:
In the given question, Tamarisk, Inc., has lent an amount of $52800 to Nash’s trading Post, LLC. The interest revenue is to be recognized at the preparation of the financial statements and at the year end when such interest is to be recognized as and when it becomes due. Thus, before the year ending, the adjusting entry that will be passed will be of notes received of such amount and the cash that has been given.
The three main goals of the World Trade Organization (WTO) are to help the free flow of trade, help negotiate the further opening of markets, and ________. Question 1 options: A) accelerate technological innovation B) fund small traders in developing nations C) settle trade disputes between its members D) measure the extent of globalization across the world
Answer:
The answer is C
Explanation:
When Frito-Lay introduced its Stax brand of potato chips. These chips were meant to compete directly against Pringles. The intent was to gain market share quickly. During the first few months they were on the market, Stax retailed for 69 cents. What type of pricing strategy is Frito-Lay likely using?
A. ​Bait pricing
B. ​Penetration pricing
C. ​Periodic discounting
D. ​Price-skimming
E. ​Captive pricing
Answer:
B, penetration pricing
Explanation:
Penetration pricing is a pricing strategy in which a manufacturer sets the price of its product low for a start so as to have a wide reach and acceptability in the market.
This pricing strategy is meant to make customers ditch their usual product for the new product, thereby having the new product attracting customers to itself.
Ultimately, penetration pricing increases market share of the new product manufacturer as it gains a lot of customers within the shortest possible time.
Penetration helps to discourage new product entrance into the market thus giving the product a large/high stock turnover throughout the product's distribution channel.
In the above question, Frito lay introduced its chips at a low price of 69cents for a period of time (first few months, say 3 or 4 months for example) in order to gain market share quickly.
Cheers
Assume that securitization combined with borrowing and irrational exuberance in Hyperville have driven up the value of existing financial securities at a geometric rate, specifically from $4 to $8 to $16 to $32 to $64 to $128 over a six-year time period. Over the same period, the value of the assets underlying the securities rose at an arithmetic rate from $4 to $6 to $8 to $10 to $12 to $14. Instructions: Enter your answer as a whole number. If these patterns hold for decreases as well as for increases, by how much would the value of the financial securities decline if the value of the underlying asset suddenly and unexpectedly fell by $6
Final answer:
A $6 decrease in the underlying asset value would result in a $112 decline in the value of the financial securities.
Explanation:
If the value of the underlying assets in Hyperville fell by $6, dropping from $14 to $8, we need to determine how much the geometrically increased value of the financial securities would decline. These financial securities increased in value at a geometric rate, doubling each year, while the underlying assets increased at an arithmetic rate, going up by $2 each year.
Given the pattern of geometric growth, we would see the value of the securities divide in half for each $2 decrease in the underlying assets. So, a $6 decline in asset value would cause the securities to drop in value from $128 to $64 and then from $64 to $32 and finally from $32 to $16. Hence, the value of the securities would reduce by $112, from $128 to $16.
Michael corporation manufactures railroad cars, which is its only product. the standards for the railroad cars are as follows: standard tons of direct material (steel) per car 2 standard cost per ton of steel $ 16 during the month of march, the company produced 1 comma 500 cars. related production data for the month follows: actual materials purchased and used (tons) 6 comma 500 actual direct materials total cost $ 118 comma 000 what is the direct materials quantity variance for the month?
Answer:
$56,000 Adverse
Explanation:
direct materials quantity variance = Aq × Sp - Sq ×Sp
= (6,500×$16) - ((1,500×2)×$16)
= $104,000 - $48,000
= $56,000 Adverse
More materials were used during the month than was expected thus adverse.
What are three economic reasons for corporate acquisitions and mergers?
Answer:The three main types of merger are horizontal mergers which increase market share, vertical mergers which exploit existing synergies and concentric mergers which expand the product offering.
Explanation:
Answer:
Insolvency – One reason a company might acquire another company is to gain its assets at a bargain price. If the acquiring company is not doing well, it is likely looking for a buyer to save them. This means that the acquiring company will be sold at a lower-than-market price.
To “go public” – Becoming the target of an acquisition is an alternative to issuing an Initial Public Offering (IPO). Instead of going through the expense and paperwork of going public, a larger company may buy the smaller company, paying the owners a large amount of money for its assets, business processes, and customers. This is a less complex way for entrepreneurs to cash in on the business they founded.
To combine assets – Many times, two businesses might discuss merging because each has an asset or business process that the other wants. This could be a lucrative customer list, a proprietary technology, or an excellent distribution system. In this case, the two companies issue an agreed-upon number of new stocks to shareholders with the new company’s name. The new stock would ideally have a higher market value than the original stock.
Explanation: plato
George Wilson purchased Bright Light Industries common stock for $47.50 on January 31, 2016. The firm paid dividends of $1.10 during the last 12 months. George sold the stock today (January 30, 2017) for $54.00. What is George’s holding period return? 14.00% 11.00% 16.00% 19.00%
Answer:
16%
Explanation:
The holding period return is a measure of the aggregate returns from holding an investment over a period of time. Returns include an appreciation in the value of the investment plus other gains such as dividends. The formula for calculating the holding period is as follows.
Holding Period return = Income + (Vn- Vo)
Vo
Where
Income represents interests, dividends and other earning
Vn is the ending value of the investment
Vo is the beginning value of the investment
For George, Holding period return will be
HPR = 1.10 + ($54.0 - $47.50)
$47.50
HPR =$1.10 + $ 6.5
$47.5
HPR = $7.6/$47.5 x 100
HPR=0.16 x 100
HPR =16%