Answer: As a result of DIFFERENT PERCEPTION she is resistant to change.
Explanation:
The way individuals perceive and react to information around them is unique and different to each individual and this can depend on individual's nature(IE what they are born with ) and Nurture( or experiences achieved in Thier lives).
In a business environment, it is therefore important to understand how perception of individuals affect communication by taking into consideration the different ways messages may be perceived by employees, customer s and buisness associates so as to fine-tune decision to suit productivity.
For example Andrea who had worked in the marketing department for 27 years has experience on what makes the office a success better than any other employee. By using her PERCEPTION due to her years of experience, she is reluctant to change because she remembers that accomplishments in the office is related to the current way of doing things and not a new method.
The Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January - 200,000 units; February - 180,000 units; March - 210,000 units; and April - 230,000 units. The Cardinal Company wishes to maintain a desired ending finished goods inventory of 20% of the following month’s sales.
What is the budgeted units of production for January?
a.200,000
b.181,000
c.219,000
d.236,000
Q2:
The Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January - 200,000 units; February - 180,000 units; March - 210,000 units; and April - 230,000 units. The Cardinal Company wishes to maintain a desired ending finished goods inventory of 20% of the following month's sales.
What is the budgeted units of production for February?
a.174,000
b.222,000
c.186,000
d.181,000
To calculate the budgeted units of production for January, we add 20% of February's projected sales to the projected sales for January. The correct answer is 236,000. To calculate the budgeted units of production for February, we add 20% of March's projected sales to the projected sales for February. The correct answer is 222,000.
Explanation:To calculate the budgeted units of production for January, we need to consider the desired ending finished goods inventory for February. The question states that the desired ending finished goods inventory is 20% of the following month's sales. So we calculate 20% of February's projected sales (180,000 units), which is 36,000 units. Adding this to the projected sales for January (200,000 units), the budgeted units of production for January is 236,000 units. Therefore, the correct answer is d. 236,000.
To calculate the budgeted units of production for February, we need to consider the desired ending finished goods inventory for March. The question states that the desired ending finished goods inventory is 20% of the following month's sales. So we calculate 20% of March's projected sales (210,000 units), which is 42,000 units. Adding this to the projected sales for February (180,000 units), the budgeted units of production for February is 222,000 units. Therefore, the correct answer is b. 222,000.
Smithson, Inc. produces two types of gas grills: a family model and a deluxe model. Smithson’s controller has decided to use a plant-wide overhead rate based on direct labor costs. The president of the company recently heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the company’s operations:
Family Model Deluxe Model
Direct labor costs $75,000 $150,000
Machine hours 2,000 2,000
Setup hours 200 800
Total estimated overhead costs are $450,000. Overhead cost allocated to the machining activity cost pool is $270,000 and $180,000 is allocated to the machine setup activity cost pool.
a. Compute the overhead rate using the traditional (plantwide) approach.
b. Compute the overhead rates using the activity-based costing approach.
c. Determine the difference in allocation between the two approaches.
Answer:
A.) Overhead rate = 200% of direct labor cost.
B.) $67.5 per machine hour ; $180 per setup
C.) The traditional costing applies overhead burden rate equally to all products which might sometimes give a vague picture of production cost especially that which is applied to each different product.
With the activity based costing method we could see that machining activity setup rate about 26 times the machining activity rate.
Explanation:
Overhead rate using the plantwide approach
Overhead rate = (estimated overhead cost ÷ direct labor cost)
Overhead rate = ($450,000) ÷ (75,000 +150,000)
Overhead rate = $450,000 ÷ $225,000
Overhead rate = 200% of direct labor cost.
B.) Using activity costing
machining activity cost pool = $270,000
machine setup activity cost pool = $180,000
Total Machining activity hours = (2000 + 2000) = 4000
Total machine setup activity hours = (200 + 800) = 1000
Machining activity rate = (cost /hours) :
$270,000/4000 = $67.5 per machine hour
Machining activity setup rate = (cost /hours) :
$180,000/ 1000 = $180 per setup
Final answer:
The overhead rate using the traditional approach for Smithson, Inc. is calculated to be $2.00 per dollar of direct labor cost. The activity-based costing approach provides two rates: $135 per machine hour for machining and $180 per setup hour for machine setup. The difference in allocation highlights the greater accuracy of ABC by considering specific activities.
Explanation:
The question presented involves calculating overhead rates using both a traditional (plantwide) approach and an activity-based costing (ABC) approach for a company named Smithson, Inc. This company produces two types of gas grills: a family model and a deluxe model.
Traditional Overhead Rate Calculation
To calculate the overhead rate using the traditional approach, we first add the direct labor costs for both models, which is $75,000 + $150,000 = $225,000. The total estimated overhead costs are $450,000. The traditional overhead rate is calculated by dividing the total estimated overhead costs by the total direct labor costs, giving us a rate of $2.00 per dollar of direct labor cost ($450,000 / $225,000).
Activity-Based Costing Overhead Rates
For the ABC approach, we have two activity cost pools: machining ($270,000) and machine setup ($180,000). The overhead rate for machining is calculated based on machine hours (2,000 for both models), resulting in a rate of $135 per machine hour ($270,000 / 4,000 hours). For machine setup, the rate is based on setup hours (1,000 hours total), yielding a rate of $180 per setup hour ($180,000 / 1,000 hours).
Difference in Allocation Between Approaches
The difference in overhead allocation between the two approaches would depend on the actual distribution of machines and setup hours for each model. ABC tends to be more accurate as it allocates overhead based on the actual activities that incur costs.
If company A and B combine under single ownership of control, this would be a __________ merger.
a. horizontal
b. vertical
c. conglomerate
d. Herfindahl
e. There is not enough information to answer the question.
Answer:
There is not enough information to answer the question -E
There is not enough information to answer the question. As there is no sufficient information about the products the company deals in. Hence, option E is correct.
What is single ownership?Single ownership is the way in which the ownership is single, even the company is merges. The ownership remains in the hands of the one partner no matter if the company, how the way they are operating the company.
Thus, option E is correct.
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Adding new channels in a multichannel distribution system provides the following advantage. It reduces marketing expenses. It expands market and sales coverage. It limits market complexity. It reduces system controls.
Answer:
It expands market and sales coverage.
Explanation:
Multichannel distribution system is a type of system utilized by different business inorder to reach their potential customers. It involves the use of more than one marketing channel to promptly and effectively get to different customers.
The benefits of multichannel marketing include:
- It leads to an increased source of revenue for the organisation.
- It increases the customers awareness about the product.
- It gives the business the capability to cut across different sections of the market.
Myrtle has two white balls, two black balls, and two boxes. She may place the balls in the boxes in any way she pleases. Her husband, Max, will then pick a box without looking into it, and with his eyes closed, pick out a ball. If he picks out a white ball, the couple wins $500. How should Myrtle arrange the balls to maximize the probability of winning?
Answer:
Explanation:
Since she has two white balls and two black balls, with two boxes
And she can arrange the balls as she wishes, the way she can do it to maximize their probability of winning the $500 is to arrange the balls on top of each other, that is, the white balls should be on top of the blacks when she arranges them. This is so because, when the husband touches the ball, the first one he will pick, will be the on top, which is the white balls.
There are three simple procedures that small business owners should do on a timely basis to prevent fraud when they can't afford sufficient employees to guarantee effective segregation of duties. Which of the following is not one among them?a. Pay everything by check so that there is a record.b. Always open the bank statement and reconcile it themselves.c. Allow one key employee to operate the bank account personally.d. Sign every check themselves and not delegate the signing to anyone else.
Answer:
The answer is:
c. Allow one key employee to operate the bank account personally.
Explanation:
The following procedures are to prevent fraud and ensure internal control that small business owners should:
a. Pay everything by check so that there is a record.
b. Always open the bank statement and reconcile it themselves.
d. Sign every check themselves and not delegate the signing to anyone else.
However, the procedure in the answer c is unnecessary because the account management usually doesn't take so much resources for a small business owner.
Answer: C: Allow one key employee to operate the bank account personally
Explanation:
When a small business owner cannot guarantee effective segregation of duties, key things are important to reduce or eliminate risks of fraud.
1. Effective record keeping is important fo every business and hence paying through checks would ensure to create a track record of every payments done by you. Doing this avoids unreasonable expenses as well as cash shortages.
2. Since, you can't afford sufficient employees, it's important that only you sign every check issued out to maintain order and successive track record, this would also greatly avoid falsified inventories
3. To avoid fictitious records or cases where values are overstated to match profits, it's important taht only you open the bank statements and operate bank accounts personally.
There is high risk of fraud mainly when internal controls can be overridden
Calculate the average daily balance, finance charge, and new balance using the average daily balance method. The account balance on June 1st is $104.00. On June 19th a payment of $80.25 is made. The monthly rate is 1.25%
Answer:
Average daily balance = $71.9
Finance charge = $0.9
New balance: $24.65
Explanation:
The average daily balance is calculate by the formula:
+) Average daily balance = Total of daily balance/ Number of days in the cycle.
As given:
+) the daily balance from June 1st to June 18th is $104.00. (18 days)
+) the daily balance on June 19th is:
[tex]Balance - Payment = 104 - 80.25 = $23.75[/tex]
=> The daily balance from June 19th to June 30th is: $23.75 (12 days)
=> Total daily balance of June is: [tex]104 * 18 + 23.75 * 12 = 2,157[/tex]
The number of days is 30.
=> Average daily balance = 2,157/ 30 = $71.9
The formula to calculate the finance charge:
+) Finance charge = Monthly rate x Average daily balance =
= 1.25% ×71.9 = $0.9
Using the average daily balance method, the new balance is calculated as following:
+) New balance = Previous balance - Payment + Finance charge + New purchase
= 104 - 80.25 + 0.9 + 0 = 24.65
Final answer:
The average daily balance is calculated by summing the daily balances and dividing by the number of days in the month, resulting in $71.90. The finance charge is then found by multiplying this average balance by the monthly interest rate of 1.25%, giving us approximately $0.90. Finally, the new balance is the original balance plus the finance charge minus any payments made, equaling $24.65.
Explanation:
To calculate the average daily balance, finance charge, and new balance using the average daily balance method, we need to keep track of the account balance every day of the month and then find the average. From June 1st to June 18th the balance is $104, and for these 18 days, the total balance is 18 × $104 = $1872. After a payment of $80.25 is made on June 19th, the new balance is $104 - $80.25 = $23.75. From June 19th to June 30th (12 days), the total balance is 12 × $23.75 = $285. So, the summed balance for the entire month is $1872 + $285 = $2157.
The average daily balance is $2157 divided by the number of days in June, which is 30. Therefore, the average daily balance is $2157 / 30 ≈ $71.90.
The finance charge is calculated by multiplying the average daily balance by the monthly rate. So, the finance charge is $71.90 × 1.25%, or approximately $0.90 (since 1.25% is 0.0125 as a decimal).
The new balance is the original balance plus the finance charge minus any payments made. In this case, it's $104 + $0.90 - $80.25 = $24.65.
Therefore, the average daily balance is $71.90, the finance charge is approximately $0.90, and the new balance on the account will be $24.65.
Management set a production goal of 500 shippable parts per eight-hour shift. The scrap rate had been running at nine percent. The maximum speed of the machines was 60 parts per hour or one per minute. Which one of the goal-setting steps were missed?
a. evaluate available resource
b. review organization mission and employee key job task
c. determine goals individually
d. make sure goals communicated to all who need to know
e. link rewards to goal attainment
Answer: a. evaluate available resource
Explanation:
Management set a production goal of 500 shippable parts per eight-hour shift. The scrap rate had been running at nine percent. The maximum speed of the machines was 60 parts per hour or one per minute. Which one of the goal-setting steps were missed?
a. evaluate available resource this is the key aspect of production without which production can not kick start or hamper its speed.
Management missed the step of 'evaluating available resources' in their goal-setting process, which is crucial for setting realistic production targets that account for machine capacity and scrap rates.
The goal-setting step that appears to have been missed by management when setting a production goal of 500 shippable parts per eight-hour shift is evaluating available resources. Considering the machines' maximum speed of 60 parts per hour and a scrap rate of nine percent, it is important to account for the productivity loss due to scrap. Without taking this into account, achieving the target may not be realistic. In an eight-hour shift, the total production without scrap would be 480 parts (60 parts/hour x 8 hours). However, with a nine percent scrap rate, the actual number of shippable parts would be lower than the target. Moreover, evaluation of resources is essential for setting achievable goals, streamlining production, and preventing waste of time and materials which are found through audits, such as the one Microsoft conducted according to Shaw (2004).
What is the definition of diseconomies of scale?
A the decrease in average revenue as output increases
B the decrease in fixed cost as output increases
C the increase in average total costs as output increases
D the increase in total costs as output increases
Bulldog, Inc. has budgeted sales for the first quarter of the next year to be 40,000 units. The inventory on hand at the beginning of quarter is 10,000 units. The desired ending inventory is 1000 units. Calculate the budgeted production for the first quarter.
Answer:
31,000 units
Explanation:
The movement in the balance of inventory between the beginning and end of a given period is usually as a result of production and sales.
This may be expressed mathematically as ;
Opening balance + production - cost of goods sold = closing balance
10,000 + units produced - 40,000 = 1,000
Unit produced = 40,000 + 1,000 - 10,000
= 31,000 units
Morton Company obtains a one-year loan of 2,000,000 Japanese yen at an interest rate of 6 percent. At the time the loan is extended, the spot rate of the yen is $.005. If the spot rate of the yen at maturity of the loan is $.0035, what is the effective financing rate of borrowing yen?
Answer:
The effective financing rate of borrowing yen is -25.8%
Explanation:
Amount borrowed in US = 2,000,00 * 0.005 = 10,000
amount paid back = 2,000,000 * 1.06 * 0.0035 = 7,420
effective cost of borrowing = (1.06 * 0.0035/0.005) - 1 = -25.8%
Answer:
Explanation:
depreciation of the yen = 100( ( $ 0.0035 / $ 0.005) - 1 ) = - 30%
the effective rate of borrowing = ( 1 + 0.06) ( 1 + ( -30%)) - 1 = -0.258 × 100 = - 25.8 %
Heidi comes from an upper-middle-class family, and after high school she went through a period of exploration. She spent some time traveling around Asia, worked at Disneyland for a few summers, and then waited tables in a ski town while learning to snowboard. Now she is attending college and has made a clear commitment to go into business. According to Marcia, Heidi's current identity status would be described as:
a. identity achievement.b. foreclosure.c. role confusion.d. moratorium.
Answer:
a. identity achievement
Explanation:
According to Marcia's theory on identity status, "identity achievement" is the status that an adolescent chose and made a commitment to a sense of identity (which can be a role or a value, a job that they want) after he/ she has already gone through much experience, attempt and exploration, even crisis before.
In this case, Heidi despite being from the upper-middle-class, she has already spent time exploring the new environment, experienced jobs that is different from her social class and from these experiences, she understands herself and has clear objectives in the future.
Meanwhile:
+) foreclosure: they commit to a role but not having any experience, crisis, this is tend to comfort the other people's expectation
+) role confusion: have not had clear choice
+) moratorium: the status that still in crisis and exploration of role, value want to commit to
=> All these three are different from the case of Heidi.
The lock box department at Bank 21 handles the processing of monthly loan payments to the bank, monthly and quarterly premium payments to a local insurance company, and bill payments for 85 of the bank's largest commercial customers. The payments are processed by machine operators, with one operator per machine. An operator can process one payment in 0.25 minute. Setup times are negligible in this situation. A capacity cushion of 20 percent is needed for the operation. The average monthly (not annual) volume of payments processed through the department currently is 400,000. However, it is expected to increase by 20 percent. The department operates eight hours per shift, two shifts per day, 260 days per year. How many machines (not operators) are needed to satisfy the new total processing volume? (Round up to the next whole integer.)
Answer:
7.211538 ~ 8
Explanation:
1 machine operates 16 hrs per day, for 260 days
number of mins = 16*260*60
= 249600 mins
for 0.25 mins it can do 1 transaction
for 249600 mins = 249600 / 0.25
= 998400
Cushion for 20% needed
so it can do 80% of 998400 = 0.8*998400
= 798720
Per month transactions = 400000
Total year = 12*400000
= 4800000
Its expected to increase by 20%
Hence new number of trasactions = 1.2*4800000
= 5760000
Number of machines required = 5760000/798720
= 7.211538 ~ 8
Heavy engineering businesses encourage employees to use safety equipment. Which type of controllable risk are they trying to avoid? Heavy engineering businesses encourage their employees to use safety equipment, such as gloves and protective clothing, to avoid risks.
Answer:
1 Needless and preventable machine injuries related
Explanation:
Heavy engineering businesses encourage employees to use safety equipment. Which type of controllable risk are they trying to avoid? Heavy engineering businesses encourage their employees to use safety equipment, such as gloves and protective clothing, to avoid risks.
1 Needless and preventable machine injuries related
Answer: its human risks.
Explanation: I took lé test
1)If the firm's advertising budget is $32,000 (instead of $40,000) and the firm allocates it optimally over the four quarters, the firm's break-even production cost is: a)27.14 b)28.56 c)27.13 d)29.56
Answer:
hi your question is incomplete this the complete question
As product marketing manager, one of our jobs is to prepare recommendations to the Executive Committee as to how advertising expenditures should be allocated. Last year’s advertising budget of $40,000 was spent in equal increments over the four quarters. Initial expectations are that we will repeat this plan in the coming year. However, the Committee would like to know if some other allocation would be advantageous, and whether the total budget should be changed.
Our product sells for $40 and costs us $25 to produce. Sales in the past have been seasonal, and our consultants have estimated seasonal adjustment factors for unit sales as follows:
Q1 90%
Q2 110%
Q3 80%
Q4 120%
(A seasonal adjustment factor measures the percent of average quarterly demand experienced in a given quarter.)
In addition to production costs, we must take into account the cost of the sales force (projected to be $34,000 over the year, allocated as follows: Q1 and Q2, $8000 each; Q3 and Q4, $9000 each), the cost of advertising itself, and overhead (typically around 15% of revenues).
Quarterly unit sales seem to run around 4000 units when advertising is around $10,000. Clearly, advertising will increase sales, but there are limits to its impact. Our consultants several years ago estimated the relationship between advertising and sales. Converting that relationship
Answer : 29.56
Explanation:
firms advertising budget = $3200 instead of $40000
allocating the budget across the four quarters optimally i.e based on the production cost demand and other financial factors the firm's break even production cost based on the allocated advertising budget of $32000 instead of $40000 will be 29.56 after considering mostly the effect of the advertising which will lead to increase in sales of the product as well
Braker Manufacturing has a target of carrying closing monthly inventory equal to fifteen percent of next month's projected sales. If the current month's beginning inventory is 8,000 units and it expects to sell 50,000 units this month and 45,000 units next month, how many units should it produce this month?
Answer:
48,750 units
Explanation:
The computation of the number of units produces in this month is shown below:
As we know that
Opening stock + Production - Sales = Closing stock
where,
Opening stock = 8,000 units
Sales = 50,000 units
Closing stock = 45,000 units × 15% = 6,750 units
So, the number of units produced is
6,750 units = 8,000 units + production - 50,000 units
6,750 units = - 42,000 units + production
So, production is 48,750 units
On February 1, 2020, Hawser Corporation purchased a parcel of land as a factory site for $960,000. An old building on the property was demolished, and construction began on a new building which was completed on November 1, 2020.
Costs incurred during this period are listed below:
Demolition of old building $ 60,000
Architects Fees 105,000
Legal fees for title investigation and purchase contract 15,000
Construction costs 4,170,000
Salvaged materials resulting from demolition were sold for $30,000.
Hawser should record the cost of the land and new building, respectively, as _________.
Answer:
Cost of land = $1,005,000
Cost of building = $4,275,000
Explanation:
The calculation of cost of the land and new building is shown below:-
Cost of land = Purchase cost + Demolition of old building + Legal fees for title investigation and purchase contract - Salvaged materials
= $960,000 + $ 60,000 + 15,000 - $30,000
= $1,005,000
Cost of building = Architects Fees + Construction costs
= $105,000 + $4,170,000
= $4,275,000
The measurement focus of governmental fund accounting is on which of the following?
William, age 45, would like to determine how much life insurance to purchase using the human life value approach. He assumes his average annual earnings over the next 20 years will be $80,000. Of this amount, $40,000 is available annually for the support of his family. William will generate this income for 20 more years and he believes that 5 percent is the appropriate interest (discount) rate. The present value of one dollar payable for 20 years at a discount rate of 5 percent is $12.46. What is William's human life value?
Answer:
William's human life value is $498,400
Explanation:
Given
Time = 20 years
Average Earnings = $80,000
Family Support = $40,000
Dollar Value = $12.46
To calculate a human life value, it is very important to deduct the Income tax costs from a person's average annual earnings.
Since William doesn't have any outstanding loan;
His Human Life value is calculated as follows;
HLV = (Annual Earnings - Family Support) * Dollar Value
HLV = ($80,000 - $40,000) * 12.46
HLV = $40,000 * 12.46
HLV = $498,400
Vikas earns too much for his own children to qualify for free school lunches, but he does not object to the state providing them for children from low income families even though this program increases the taxes he must pay. He recognizes that his and his children's life prospects are very different from those of the families receiving free lunches. He also knows that he would want his children to have free lunches if his family needed them. Vikas' thinking is most closely aligned with:_________.
Answer: Rawlsian Justice
Explanation:
The Rawlsian justice is one of the concept that helps in building the various types of social contract and also helps in describe about the legal. economical and the political system.
The Rawlsian theory is basically describe about the basic social structure and the political constitution and it is also know as the economics justice.
According to the given question, the Vikas's thinking is closely align with the Rawlsian justice as he always think that his life and also his children life are different from all the families who are receiving free lunch.
Therefore, Rawlsian Justice is the correct answer.
Vikas' viewpoint aligns with societal welfare and opportunity, as he supports state intervention for equitable chances for all children. This contrasts with libertarianism, as he believes in the importance of public policy in addressing educational inequality and investing in the future workforce.
Explanation:Vikas' willingness to support a state program that provides free lunches to children from low-income families despite it increasing his taxes is most closely aligned with a philosophy that endorses social welfare and equitable opportunity, rather than libertarianism. Libertarianism advocates for minimal state intervention and does not actively endorse policies aimed at redistributing resources to address inequality. Instead, Vikas' view aligns more with the idea that public policy should build a ladder of opportunities for all children, giving each child a chance to succeed based on their abilities, and to help the economy grow by developing skilled workers. This position appreciates the role of the state in levelling the playing field to some extent, recognizing that educational inequality can perpetuate class divides and obstruct fair economic outcomes. Programs such as free school lunches can be seen as an investment in the future workforce that could, in turn, benefit society as a whole by contributing to economic growth and increased tax revenues from a better-educated population.
For your next print mail campaign, you learn that the cost to print 5,000 postcards is $4,800 and cost to print 15,000 is $5,500. What is the marginal (extra) cost per postcard for the additional 10,000?
Answer:
$0.07
Explanation:
Given that
Initial price = 4800
Current price = 5500
Initial quantity = 5000
Current quantity = 15000
Recall that
Marginal cost = (change in price) ÷ (change in quantity)
Thus
MC = (5500 - 4800) ÷ (15000 - 5000)
= 700 ÷ 10000
= $0.07
Note that, marginal cost refers to the extra cost added in producing 1 additional unit of product or output
Answer: 7 cent
Explanation:
The term marginal cost refers to the additional cost incurred by producing one more unit of a good or service. Therefore, marginal cost is the change in the total cost of an item when the output increases by a unit.
In the scenario above,
Cost of printing 5000 postcards = $4,800
Cost to print 15000 post cards = $5,500
Tha marginal cost per postcard for the additional 10,000 postcards will be :
Change in total cost :
$5,500 - $4,800 = $700
Change in quantity :
15,000 - 5,000 = 10,000
Marginal cost per unit :
$700 / 10,000 = $0.07
$0.07 = 7 cent
Marginal cost per unit = 7 cent
Which of the following statements about theoretical capacity is BEST? A. Theoretical capacity allows adjustments for preventive maintenance. B. Running a factory at this level for a short time is often better than permanently raising resource levels. C. Theoretical capacity levels are usually lower than rated capacity levels. D. Theoretical capacity levels take into account that machines occasionally break and that workers occasionally call in sick.
Answer:
C
Explanation:
Theoretical capacity levels are usually lower than rated capacity levels
self interested model
a model of human nature originated during the Enlightenment and assumes that economic analysis should focus on individuals who maximize their utility under conditions of scarcity
Answer:
please be more specifc
The ________ lays out the target markets and the value proposition that will be offered, based on an analysis of the best market opportunities. A. strategic marketing plan B. corporate mission C. corporate tactical plan D. organizational plan
Answer:
D.
Explanation:
A strategic marketing plan outlines the target markets and value proposition a company offers based on market opportunities. It includes decisions on global market entry, tailoring the basic value proposition, and aligning with the business model. Hence, correct option A.
The document that lays out the target markets and the value proposition that will be offered, based on an analysis of the best market opportunities, is known as the strategic marketing plan. This document is crucial for businesses as it outlines how the company intends to bring its products or services to its consumers. It involves making key decisions about selecting global target markets and entry modes and determining the degree to which the company's basic value proposition should be adapted to fit different cultures and regions.
A strategic marketing plan includes decisions regarding which foreign markets to enter and why, when, and how to enter them. It also involves tailoring or standardizing the company's offerings to gain a competitive advantage globally while considering the localization preferences of the markets they enter. It is intimately linked to the company's core business model, and the extent of a company's capabilities in tailoring its offerings determines its ability to successfully enter and compete in new markets or cultural contexts.
Wilturner Company incurs $94,000 of labor related directly to the product in the Assembly Department, $43,000 of labor related to the Assembly Department as a whole, and $30,000 of labor for services that help production in both the Assembly and Finishing departments. The journal entries to record the labor for the Assembly Department would include:
Answer:
Debit Work in Process Inventory $137,000; debit Factory Overhead $30,000.
Explanation:
Work in process inventory includes direct labor = $94,000 + $43,000, while factory overhead includes indirect labor = $30,000.
Direct labor refers to the labor costs directly associated with the production processes, while indirect labor include all other labor costs that are not directly related to the production of goods, e.g. supporting activities, maintenance, administrative, etc.
Jared bought coco puffs. He was not directly informed by the companies marketing team. He is a member of which group?
Answer:
Consumer market
Explanation:
A consumer market is the market in which goods and services are purchased.
In a consumer market, decision regarding purchase is made by the individual and the products or services purchased can be used personally or be shared with other people depending.
A consumer market varies as it can be business to business, business to government, financial services, etc.
Cheers.
What is not typical of traditional costing systems?
Answer: The options are given below:
A. Use of a single predetermined overhead rate.
B. Use of direct labor hours or direct labor cost to assign overhead.
C. Assumption of correlation between direct labor and incurrence of overhead cost.
D. Use of multiple cost drivers to allocate overhead.
The correct option is D.
Explanation: The traditional costing system refers to the allocation of factory overhead to products, and this is based on the total amount of production resources that have been consumed.
When using the traditional costing system, the overhead is usually applied based on either the total number of direct labor hours consumed or the total number of machine hours used.
The traditional costing systems treat overhead costs as a single pool of indirect costs. Traditional costing is optimal when indirect costs are low when in comparison with direct costs.
In 2017, ABC Company had net sales of $500,000 and a gross margin of $ 300,000. The total overhead costs were $ 100,000 and the promotion costs were $80,000. The company sold 100,000 units. What was $BEP of the company in 2017?
Answer: The $BEP of the company in 2017 is $60000.
Explanation:
A taxpayer places a $50,000 5-year recovery period asset in service in 2019. This is the only asset placed in service in 2019. Assuming half-year convention, bonus depreciation, and taxable income before cost recovery of $5,000, what is the amount of cost recovery in 2019?
Answer:$50000
Explanation:
Recovery period of the asset means that the company starts to realize its depreciation for the assets. In the recovery period the taxpayer will start to write off the asset with the depreciation value calculated using the useful years of the asset.
Half year convention means that the assets have been used for the first half of the year and the rest of the depreciation amount will be deductible at the end of the year. So the entire useful value of the asset is taken for the amount of cost of recovery in the year 2019.
Financial statements are optional accounting reports issued periodically by a firm which present information on the past performance of the firm, a summary of the firm's assets and the financing of those assets, and a prediction of the firm's future performance.
True / False.
Answer:
False
Explanation:
Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes.
These documents play a pivotal role in a financial institution, thus, not optional.
Cheers
Answer:
False
Explanation:
Financial statements are not optional, several government entities require companies to present them, and if it is a traded company, then the requirements are even more, e.g. IRS, state and local taxing entities, SEC.
The next part of the statement was almost right:
financial statements are issued periodically (corporations issue them quarterly, other companies must issue yearly reports) the balance sheet is a summary of the firm's assets and how they are financedBut the last part was wrong: prediction of the firm's future performance. Accounting doesn't predict anything, it reports past transactions. My accounting professor always referred to accounting records as pictures of the company, they show you how the company was at a certain point in time. Financial statements can even change significantly from the moment that they are prepared (e.g. December 31) until the moment that they are finished (around February-March). No company presents their financial statements on January 2, even individuals are aloud to present their personal tax filing by April.