Answer:
D). Bertollini will advertise, but YumYum will not advertise
Explanation:
Base on the scenario been described in the question between the two company which is Bertollini and YumYum, after both company have done the research, they discovered the advantage to either advertise or not, in the case of YumYum, it could not after after the research because it discovered that it product does not have any staying power in the future this will make them not to advertise
While in the case of Bertollini, after doing a market survey or research, it discovered that it product is very good and consumers who purchase the product will continue to buy over an issuing year, so it will advertise.
Answer:
D). Bertollini will advertise, but YumYum will not advertise.
Explanation:
Marginal costs represent the additional costs incurred by a firm arising from additional volume of production.
This would take to consideration major components of costs; variable, labor and fixed.
It is save to say that the firm is already in business and its existing production line will serve for the new product roll out, and if there will be need for an extra investment in the production line it will feature in its Marginal costs computation.
Let's look at YumYum
New product for 2
Selling price = $9
Marginal costs = $2
Profit = $7
The peak volume expectation in sales based on research is 1.5million orders
Profit therefore will be $7 x 1.5million = $10.5million
Projected Advert costs = $12m
If YumYum advertises, it will end in a loss position of -$1.5million. (I doubt the shareholders in YumYum will be willing to invest in advert on this product)
Now, let's look at Bertollini
New product for 2
Selling price = $9
Marginal costs = $2
Profit = $7
The peak volume expectation in sales based on research is 1.5million orders monthly = 18 million per annum
Profit therefore will be $7 x 18million = $126million
Projected Advert costs = $12m
If Bertollini advertises, it will be the right investment to take to sustain demand for its product. Besides it doesn't significantly impact its profit which will become $114m (The shareholders of Bertollini will allow the investment in advertisement)
"Steven, age 43, earns $80,000 annually; and his wage replacement ratio has been determined to be 80%. He expects inflation will average 3% for his entire life expectancy. He expects to work until 68, and live until 90. He anticipates an 8% return on his investments. Additionally, Social Security Administration has notified him that his annual retirement benefit, in today s dollars will be $26,000. Using the purchasing power preservation model, calculate how much capital Steven needs, in order to retire at 68. "
Answer:
Explanation:
Savings Per Month- 80% of $80,000 = $ 64,000.
Future value for the Yearly saving of $64,000 and Social security of $26,000 for balance years of 25 (68-43)
Future Value= Present value (1+rate of interest)n
Future Value =64,000(1+0.03)∧25= 134,001.7875
Future value= $26,000(1+0.03)∧25- 54,438.22617
Difference= 1,340,001.7875 - 54,438.22617 = $79,563.56133
present value of a number of cash flows for 22 years after his retirement i.e. 90-68.. The Net rate is 5% i.e. (8%-5%)
Present Value= C 1−(1+r)−n r
=$79,563.56 (1−(1+.05)−22 0.05
Present value =$1,047,295.35
So he needs capital of $ 1,047,295.35 in order to retire at 68
Fiat money: a is currency backed by the gold in Fort Knox. b is currency from Italy. c has advantages over commodity-backed money. d includes currency, checking deposits and credit cards. e can include currency backed by gold, but not silver.
Answer:
Option D.
Explanation:
Fiat money refers to currency that is issued by the government and which is not backed by any physical commodity, such as gold or silver, but rather by the government that issued it.
The value of fiat money is gotten from the relationship that exists between supply and demand and the stability of the issuing government. The value is not based on the worth of a commodity backing it as is the case for commodity money.
Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro, and other major global currencies. One risk that fiat money faces is the printing of too many of a particular currency, which can contribute to hyperinflation.
Answer:
D.includes currency, checking deposits and credit cards.
Explanation:
Fiat money can be defined as any currency declared as legal tender by the government that lacks intrinsic value.
Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. It is not a currency from Italy.
Fiat money gives central banks of a country a greater control over the economy because they can control how much money is printed and the value is defined by the relationship between demand and supply.
A canning company defines a "nonconformance" as an orange juice can whose diameter is beyond the upper specification limit.A manager at the canning company wants to monitor the number of such orange juice cans produced per day.Each day,an employee will randomly select 120 cans over a period of four weeks.The employee then determines and plots the number of nonconformance cans in each sample.The appropriate control chart is a(n):_________.
A) u-chart.
B) R-chart.
C) p-chart.
D) np-chart.
Answer:
Option D. np-chart.
Explanation:
An np-chart is an attributes control chart which is used with the data that is collected in subgroups that are the same size. Np-charts are used to show how the process (which is measured by the number of nonconforming items it produces) changes over time. The process attribute is always described in a yes/no, pass/fail, go/no go form.
In other words, an np-chart refers to a plot of number of defective pieces in a fixed sample size in the order of production. If the sample size is fixed, np-chart can be used. For instance, the number of incomplete accident reports in a constant daily sample of five would be plotted on an np-chart.
Final answer:
The appropriate control chart for monitoring nonconforming orange juice cans at a canning company is an np-chart, which is used when dealing with a constant sample size and counting the number of defective items.
Explanation:
The appropriate control chart for monitoring the number of nonconforming orange juice cans whose diameter is beyond the upper specification limit is a np-chart. A np-chart is used for quality control when monitoring the number of defective items in a sample of constant size.
In this case, since the employee samples a constant number of 120 cans each day, and they are counting the number of cans that are nonconformances (either conforming or not), the np-chart is the correct tool to use in this scenario. Other charts like the p-chart, u-chart, and R-chart are not suitable because they are used for different scenarios.
The p-chart is used for proportions when sample sizes vary, the u-chart is used for counts of nonconformances per unit where the sample size can vary, and the R-chart monitors the range within samples as a measure of variability.
In what became known as the "Pentagon Papers Case," the Nixon Administration attempted to prevent the ____________________ from publishing materials belonging to a classified Defense Department study regarding the history of United States activities in Vietnam. The President argued that prior restraint was necessary to protect national security.
Answer:
New York times v US
Explanation:
The president Nixon had tried to use his power as president to stop the New York Times from publishing the classified information belonging to the Defense Department study regarding the history of United States activities in Vietnam in its possession. The supreme Court defended the First Amendment right of free press against the restraint the newspapers were facing by the government. The court found this unconstitutional and ruled in favor of the newspapers to publish the materials.
Mrs. Simpson buys loaves of bread and quarts of milk each week at prices of $1 and 80 cents, respectively. At present she is buying these products in amounts such that the marginal utilities from the last units purchased of the two products are 80 and 70 utils, respectively.Is she buying the utility-maximizing combination of bread and milk? If not, how should she reallocate her expenditures between the two goods?
Answer:
See answer below.
Explanation:
The maximum utility theory states that more money should be allocated to resources that offer the highest utility per dollar spent.
In order to solve this question, we will calculate the utility per dollar as follows;
Utility per dollar = marginal utility / price
For bread:
Utility per dollar = 80/1 = 80
For milk:
Utility per dollar = 70/0.8 = 87.5
From the calculations above, we can see that more utility is gotten from the purchase of milk.
Therefore she is not buying the utility-maximizing combination of bread and milk, and more money should be spent on the purchase of milk.
Why does the agricultural price supports are inconsistent with free-market principles?
Answer:
They allow government to influence farmers' decisions about what and how much to produce.
Explanation:
Price supports are government subsidies or price controls used to artificially raise or decrease prices on the agricultural market.
Farmers allows the government to influence their decisions about what and how much to produce, this causes inconsistency with the free market principles with the agriculture price support. This is an effective price management economic policy to ensure that farmers have sufficient opportunities and incomes to continue producing at the cost of the products they want.
Answer:
This grants the government permission to directly affect farmers' stance or decisions concerning
what to produce and how much to produce.
Explanation:
A free market is the one where willing
exchange and the laws governing supply and
demand usually provide the only base for the
economic system, excluding hhe government intervening. Considering the way the government intervenes or lallows itself with the right to agricultural matters of a country, there is likely no free-market principles enjoyed by the agricultural sector of an economy.
Don has an employment contract with Dunkirk Ice Cream. He sells ice cream and novelty ice cream products. He has nine children and doesn't make enough money, so he decides to see if another dairy will hire him, too. "After all," he reasons, "most stores carry four or five different brands." His employment contract prohibits him from competing. If Don sells for another dairy in addition to Dunkirk, will he be in trouble under his contract
A) No, it is unenforceable as against public policy.B) Yes, it is likely to be enforceable during employment.C) No, the prohibition against competing is enforceable only after he quits Dunkirk.D) A court would have to rule on the enforceability of the covenant not to compete since courts are reluctant to enforce such covenants during a period of employment.
Answer:
The answer is option B) Yes, it is likely to be enforceable during employment
Explanation:
If Don sells for another dairy in addition to Dunkirk, will he be in trouble under his contract which clearly prohibits him from competing.
This clause in an employment contract is called the Non complete clause.
A non-compete agreement is a contract between an employee and employer that prohibits him from engaging in a business that competes with his/her current employer's business.
During the employment process, if you refuse to sign a non-compete, they choose not to hire you.
Most non-compete agreement is not voided if you resign or are fired. If you violate an enforceable non-compete, you could be sued for any actual losses suffered by your ex-employer.
The static budget, at the beginning of the month, for Divine Décor Company, follows: Static budget: Sales volume: 1 comma 200 units; Sales price: $ 70 per unit Variable costs: $ 32 per unit; Fixed costs: $ 38 comma 000 per month Operating income: $ 7 comma 600 Actual results, at the end of the month, follows: Actual results: Sales volume: 990 units; Sales price: $ 75 per unit Variable costs: $ 35 per unit; Fixed costs: $ 34 comma 700 per month Operating income: $ 4 comma 900 Calculate the flexible budget variance for sales revenue.
Final answer:
The flexible budget variance for sales revenue is calculated by subtracting the flexible budget sales revenue from the actual sales revenue. In this case, it results in a favorable variance of $4,950, showing that Divine Décor Company's actual sales revenue was higher than what the flexible budget predicted for the given volume.
Explanation:
To calculate the flexible budget variance for sales revenue, we need to compare the actual revenue to what the revenue would have been if the static budget were adjusted to the actual sales volume. The static budget had predicted sales of $84,000 (1,200 units × $70 per unit). However, the actual results show that the Divine Décor Company sold 990 units at $75 per unit, totaling $74,250.
The flexible budget amount for sales revenue would take the actual quantity of units sold and multiply it by the static budget's sales price per unit, which gives us 990 units × $70 per unit = $69,300. The flexible budget variance is the difference between the actual sales revenue and the flexible budget sales revenue. So, the flexible budget variance for sales revenue is $74,250 (actual) - $69,300 (flexible budget) = $4,950 favorable, since the actual revenue exceeded the flexible budget amount.
You will give the keynote address at the annual meeting of the American Manufacturing Association. You realize most of the attendees think marketing is just advertising. So, you decide to start your keynote address by defining what marketing is in order to set the proper context for your speech. You define marketing as:
Answer:
Explained Below.
Explanation:
Marketing is just not the process of advertising but it is the process to create or originate goods and products, then to distribute the product widely as much as possible, and also pricing goods, and giving services to the consumer who is particularly using that product, and new ideas which facilitate and satisfies exchange connection with the consumer of the product.
Which statement is correct as it relates to budgetary control? Budget reports are used to compare estimated results with budgeted results. Planned objectives lose value when monitored. Budget reports are prepared either annually or quarterly. Budgets contribute to the control of operations.
Answer:
Budgets contribute to the control of operations.
Explanation:
Working with a fixed budget gives one primary control of a targeted operation. A budget enables one work effectively with the necessary labor required, equipment, outsourced tasks, production schedule etc. Without a planned budget, an operations lifespan becomes uncertain which is not good.
Alfred lost his 3-year-old camera. It cost him $150 three years ago and had a life expectancy of 6 years. Alfred has actual cash value coverage on this camera, which means his insurance company will issue him a check for ________ for his loss. A similar new camera now costs $200.
Answer:
insurance company will pay $75 to Alfred.
Explanation:
given data
Actual cost of camera = $200
Alfred cost of camera = $150
Life expectancy = 6 years
solution
we get here first Remain life of camera that is
Remain life of camera = 6 years - 3 years
Remain life of camera = 3 years
and
now we get here current cost of the camera that is
current cost of camera = Alfred cost of camera × (Remain life of camera ÷ Life expectancy) ........................1
put here value and we get
Current cost of camera = $150 × [tex]\frac{3}{6}[/tex]
Current cost of camera = $75
so that insurance company will pay $75 to Alfred.
Which of the following is true about an economy’s self-correcting tendency? An economy’s self-correcting tendency always makes active use of stabilization policy unnecessary. The more slowly the economy adjusts, the more likely it is that stabilization policy will be useful. The self-correcting tendency usually operates faster during deeper and more severe recessions. The absence of long-term contracts will make self-correction work slower in an economy.
Answer:
The more slowly the economy adjusts, the more likely it is that stabilization policy will be useful.
Explanation: Self correcting tendency is a term used to describe the various processes and steps which an economy undergoes as it adjusts itself in order to ensure to start a growth trajectory or sustain a growth path.
The slower the process the better for the economy, as the stabilization process Continue gradually,it will be easy for it to stabilise that growth path and improve along with little adverse impacts of Economic threats.
Bread Company hires Craig to sell the companyâs products in a certain area. Bread agrees to pay Craig a salary, plus commission, for a trial period. They also agree that he can sell using any methods and during any hours that seem appropriate. The key factor in whether Craig is Breadâs employee is__________.a. the size of craig's sales area.b. the length of the trial period.c. the control home baked bread has over the details of the work.d. the amount of craig's salary.
The key factor involved in the Sales process of Craig is the control home- baked bread has over the details of the work.
Explanation:
In the process of sales, Corporate ventures apply many marketing strategies to reap the profit margin. It depends upon the reputation of each brand marketed through various selling layouts. Regardless of the size of the market area nor the factor of the trial period and the compensation package, He concentrated only on the quality of the Bread. He strongly believed that homemade bread products should ensure the full health benefits to the buyers who wish to consume again and again without hesitation.
He cannot envisage the status of sales in the future. But at the same time with his tedious jobs of propagating the quality of baked bread, He can boost the marketing and reach its popularity to all wishers who want to consume the product on the regular basis.
The key factor in determining whether Craig is Bread Company's employee is the control that Bread Company has over the details of the work. This control implies the more involvement the company has in dictating how, when, and where the work is done, the more likely it is that an employment relationship exists.
Explanation:In determining whether Craig is Bread Company's employee, the key factor is c. the control that Bread Company has over the details of the work. The more control the Bread Company has over Craig's activities and work details, the more likely it is that Craig would be considered an employee rather than an independent contractor. An example to illustrate this is the Canadian worker who could produce 10 loaves of bread in an hour due to having access to a large industrial-sized oven - it was still the bakery's decision on how much bread to produce, when, and what tools to use. However, in Craig's case, he is allowed to use any methods and work during any hours that he finds suitable, which implies he has a fair amount of autonomy in his role.
On the buyer's side of the labour market, a standard precaution against hiring a "lemon" of an employee is to specify that the first few months of employment are officially a trial or probationary period, and that the employer can dismiss the worker for any reason or no reason after that time. This indicates the element of control the company has over the job tenure during the trial period which is common in many jobs.
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Fundamental areas of management in supply chain operations management include:____________
1. Quality, Inventories, and Processes.
2. People, Equipment, and Money.
3. Markets, Processes, and Sales.
4. Lean Systems, Quality, and Flexibility.
Answer:
1. Quality, Inventories, and Processes.
Explanation:
How large of a sample size would you need to estimate a population proportion if you wanted to construct a 95% confidence interval
Answer:
Explanation:
To find a 95% CI with a margin of error no more than ±3.5 percentage points, where the true population proportion is around 42%, you must survey at least 764 people. 10×764 = 7640; presumably the electorate is larger than that.
Let’s say your friend wants to invest all of her saved money into ONE individual stock. Is this a good idea? Why or why not?
This is not a good idea as stocks are volatile.
Explanation:
One must never invest a lot of money in only one stock as the stocks are wont to change over time and gain or lose value.
If one wants a long term investment with at least some amount of safety they must be investing in stocks that grow consistently and then to break up the capital in small chunks and then invest them.
All of these can be invested in different shares in the market and then the shares would be more safe.
Even if one or two shares fall the others will be safe.
Put the Procurement to Payment process steps in order of occurence: 1.Vendor Payment 2. Create and send Purchase Order to vendor 3.Create purchase requisition 4.Vendor Selection 5.Shipment ot item ordered from vendor 6.Invoice receipt 7.Goods Receipt
Answer:
The correct sequence is as follows;
3.Create purchase requisition - 4.Vendor Selection - 2. Create and send Purchase Order to vendor - 5.Shipment of item ordered from vendor - 7.Goods Receipt - 6.Invoice receipt - 1.Vendor Payment
Explanation:
In making a requisition, the first step is to create the purchase requisition. This then drives or informs the selection of a vendor.
Then, the purchase order is created and sent to the vendor. The vendor ships based on the purchase order, the goods are received and acknowledged.
The seller sends the invoice which informs the amount to be paid.
In an oligopoly market Group of answer choices individual firms pay no attention to the behavior of other firms. advertising of one firm has no effect on all other firms. one firm's pricing decision affects all the other firms. the pricing decisions of all other firms have no effect on an individual firm.
Answer:
Option C
One firm's pricing decision affects all the other firms
Explanation:
An oligopoly is a market structure where the production of goods and services is shared by only a small number of large firms. A good example is the automobile industry in America
In an oligopoly, the leading firms are actually producing to a certain extent, substitute goods, since they are all within the same industry.
If one of the large firms sets a price, this will affect the pricing that the other large firms will adopt because of the substitutive nature of their goods and services. Businesses operating within an oligopoly want to keep their prices similar. Price reductions by a company will cause the other companies to reduce their prices also, to ensure they are still in the competition.
Hence,a firm's pricing decision affects all the other firms
Paul recently graduated from college and joined an information technology firm. When he starts work, Paul is taken aback by the differences between college life and professional life. He is dissatisfied with his unsupportive supervisor and is concerned about the lack of frequent feedback and the uncertainty of the logistical aspects of solving work problems. This scenario best exemplifies _____.
Answer:
entry shock
Explanation:
In simple words, entry shock refers to the stage in an individuals professional career where he or she might feel confused about his or her work and get concerned with their future. There could be many reasons behind such a scenario.
Some of which is lack of understanding of the practical aspects of the knowledge to be performed, lacking adjustment in the work environment etc. Thus, from the above we can conclude that the given case illustrates entry shock.
Final answer:
The response discusses uncertainty in starting a new job, the anxiety in transitioning from college to the professional world, and the importance of developing success-driven mindsets during this period.
Explanation:
Uncertainty in the professional setting: When Paul experiences dissatisfaction with his supervisor, lack of frequent feedback, and uncertainty in solving work problems, it reflects the high level of uncertainty typical in a new job.
Anxiety in transitioning: Similar to the nerves on the first day of a class with a new instructor, transitioning from college to the professional world can cause feelings of anxiety due to unpredictability.
Developing mindsets for success: Individuals like Paul need to adapt behaviors and mindsets to navigate challenges and frustrations in the transition from college to the workforce.
Bad publicity associated with massive layoffs is an example of _________. Group of answer choices competitive rivalry exit barriers excess capacity horizontal integration horizontal diversification new entrant risk
Answer:
Exit Barriers
Explanation:
Exit barriers are obstacles mitigates a company from leaving a market in which considerations are made in stopping operations or from which it wishes to separate from. They are things that hinders an organization from exiting a market. Barriers associated with exit barriers may include emotional barriers such as massive layoffs, desire to recoup and so on. Other exit barriers include strategic interrelationship and specialized assets and governments and social restrictions.
Final answer:
Bad publicity from massive layoffs is an example of exit barriers, which are costs that prevent companies from leaving an industry, including economic, regulatory, and reputational factors.
Explanation:
Bad publicity associated with massive layoffs is an example of exit barriers. Exit barriers are often economic or emotional costs that prevent companies from leaving an industry and can include specialized equipment that cannot be repurposed, long-term contracts, regulatory restrictions, or the emotional ties of the management to the sector. When firms face intense competition and market challenges, such as deregulation leading to market entries and exits, they may need to lay off workers to remain viable or when they go bankrupt. This can result in bad publicity, which is yet another barrier making it hard for companies to exit smoothly from the market as it affects brand reputation and stakeholder trust.
Natalie walks by a bakery, and her first response to the aroma coming from the store is a desire to eat something sweet and delicious. Which of the following terms refers to this instantaneous response that Natalie experienced?
A. Comprehension.
B. Perception.
C. Sensation.
D. Exposure.
E. Assimilation.
Alpha First Company just began business and made the following four inventory purchases in June:
June 1 150 units $ 1,040
June 10 200 units 1,560
June 15 200 units 1,680
June 28 150 units 1,320
$ 5,600
A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is
Using the LIFO inventory method, Alpha First Company's ending inventory value on June 30 is $1,824. This is calculated by attributing the last purchased items (150 units from June 28 and 60 units from June 15) to the 210 units on hand.
Explanation:The Alpha First Company wants to know the value of their ending inventory on June 30 using the LIFO inventory method. LIFO stands for Last-In, First-Out, which means that the most recently acquired items are recorded as sold first. Here's how it works in this case:
Out of the 210 units on hand, 150 units come from the June 28 inventory which cost $1,320. The remaining 60 units come from the June 15 inventory. The cost per unit of this inventory is calculated by dividing the total cost by the total number of units (i.e., $1,680/200), which comes to $8.40 per unit. Therefore, the cost of the 60 units is 60 * $8.40 = $504.
So, the value of the ending inventory on June 30 is the sum of these two amounts, which is $1,320 + $504 = $1,824.
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Shannon is an officer for Turista Shirts Corporation. Due to a bad business decision, made on a reasonable basis, on Shannon’s part, the company’s sales decrease. Shannon is most likely liable for breach of:
Answer:
(d) none of the choices.
Explanation:
Since in the question, it is given that Shannon is an officer and because of a bad business decision that made on a reasonable basis, the company sales decreased that does not reflect the breach of duty of care, neither the judgment rule nor the duty of loyalty
As these options do not a reason for reducing the sales of the company
Hence, the correct option is d.
________ is the process of getting to know one's contacts in a host country and building mutual trust before embarking on business discussions and transactions. Grupo de opciones de respuesta Exchange of task-related information Persuasion Conflict management Relationship building
Answer:
The correct answer is letter "D": Relationship building.
Explanation:
When a firm starts operations internationally it is important to build relationships with the representatives of the entity with whom businesses will be handled. As the organizations have not worked together in the past, the rely on a fiduciary relationship which is based on trust both parties deposit in each other believing they will act accordingly. Creating strong bonds is likely to increase the efficiency of the operations handled by the participants.
Keynes was an economist during the Great Depression. During the Great Depression there was:_________
a) low unemployment and high inflation.
b) high unemployment and high deflation.
c) low unemployment and low inflation.
d) high unemployment and low inflation.
e) high unemployment and high inflation
Answer:
b) high unemployment and high deflation.
Explanation:
Keynes was an economist during the Great Depression. During the Great Depression there was;
- High unemployment
- High deflation.
John Maynard Keynes who was born on the 5th of June 1883, was a British economist.
During the Great Depression, John Maynard Keynes promoted expansionary actions to encourage economic recovery.
Keynes was an economist during the Great Depression. During the Great Depression there was:_________
a) low unemployment and high inflation.
b) high unemployment and high deflation.<===== The answer
c) low unemployment and low inflation.
d) high unemployment and low inflation.
e) high unemployment and high inflation
The practice whereby buyers and sellers combine their expertise and resources to create customized solutions; commit to joint planning; and share customer, competitive, and company information for their mutual benefit, and ultimately the benefit of the customer, is referred to as:
A. multichannel selling.
B. partnership selling.
C. cross-functional selling.
D. customized ordering.
Answer: Partnership selling
Explanation:
Partnership is a firm of business that occurs when two or more people pool their resources together on order to achieve a common goal.
Partnership selling focuses on the creation of a buying environment
that is based on the customer defined value. For partnership salespeople, they create a bridge between themselves and the customers which give them win-win solutions.
In the _____ phase of the decision-making process, the objective is to define criteria for the decision, generate alternatives for meeting the criteria, and define associations between the criteria and the alternatives.
The development phase of the decision-making process involves defining the criteria for the decision, generating alternatives, and defining associations between the criteria and the alternatives.
Explanation:In the development phase of the decision-making process, the objective is to define criteria for the decision, generate alternatives for meeting the criteria, and define associations between the criteria and the alternatives. At this stage, various options are explored and weighed based on the predefined criteria, which could include factors such as cost, feasibility, and potential impact. The goal is to create a comprehensive list of potential solutions or strategies that can then be further analyzed and evaluated in subsequent stages of the decision-making process.
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Howard Corporation issued a 20-year mortgage note payable on January 1. On December 31, the unpaid principle balance will be reported as:_______.
a. part current and part long-term liability.
b. a current liability.
c. a long-term liability.
d. interest payable.
Answer:
c. a long-term liability.
Explanation:
Short term liabilities are those liabilities which need to be paid within one year time and Long term liabilities are those liabilities which need to be paid after one year time.
In this question on December 31, Howard Corporation need to pay the principal in 19 years from now, as it it a long period, so amount of principal will be classified as a long-term liability.
Which transportation method is this?
Limestone from the upper Great Lakes area to steel mills in Chicago.
A. Pipeline
B. Railroad
C. Waterway
D. Motor
E. Air
Answer:
C. Waterway
Explanation:
The waterway is the mode of transportation used to transport goods over the water bodies across the globe to make transport convenient for covering a large distance. It is also considered a cheaper source of transportation in case heavier goods to transport to far distance. There are many water transport is used like; Ships, ferries, tug boats, sailboats, etc. and it travel over various bodies of water such as oceans, lake, canals, and rivers.
In the given case, Limestone is transported to Chicago's steel mills through upper great lakes.
A major U.S. manufacturer of children's toys believes its main competitive advantage lies in its continuing the creation of innovative toys and games. The company is facing increasing competition on price, and it is strongly considering outsourcing to offshore firms as a means of reducing costs. The LAST function this firm should consider outsourcing is:
Answer:
The options are given below:
a. operations.
b. research and development.
c. supply-chain management.
d. distribution.
The correct option is B.
Explanation:
Research and development (R&D) is a term that is used to refer to the activities that companies undertake in order to innovate and introduce new products and services. It is usually the first stage in the development process.
The objective of research and development is essentially, to take new products and services to market and add to the company's range of products and services. Research and development allows a company gain the advantage over its competition.
From the explanations above, we ca conclude that research and development will be carried out better by the company in concern. This is because the company knows the best way to meet its goals. Therefore, outsourcing this function may not be as effective as when the company performs the function itself.