Answer: A. disadvantages associated with entering a foreign market before other international businesses.
Explanation:
First-mover disadvantages refer to:__________
A. disadvantages associated with entering a foreign market before other international businesses.
First-mover is an individual or organisation that makes an entry into the market first.It has advantages and disadvantages as a First moverone advantage is establish a brand to customersone disadvantage is ssociated with entering a foreign market before other international businessesAnswer:
Option A.
Explanation:
A first mover can be referred to as a service or product that gains a competitive advantage by being the first to enter a particular market with a product or service. Being a first-mover can enable a company to establish a strong brand recognition, and gain customer loyalty before competitors can enter the market. Another advantage is that a producer has enough time to perfect his/her product or service before the appearance of competitors, and also setting the market price for the innovative commodity.
However, there can also be disadvantages which are linked to entering a foreign market before other international businesses, and they can be referred to as first-mover disadvantages. These disadvantages may manifest in the form of pioneering costs, which are the costs that an early entrant must bear, but a later entrant can avoid.
SummerSnowman Industries' last dividend was $1.25. The dividend growth rate is expected to be constant at 15.0% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (rs) is 11%, what is its current stock price? Do not round intermediate calculations.
Answer:
$33.50
Explanation:
we can use the perpetual growth model to determine the price of the stock
the firm's stock price = ($1.25 x 1.15)/1.11 + ($1.25 x 1.15²)/1.11² + ($1.25 x 1.15³)/1.11³ + [($1.25 x 1.15³ x 1.06)/(11% - 6%)]/1.11³
the stock price in 3 years = ($1.25 x 1.15³ x 1.06)/(11% - 6%) = $40.30
the firm's stock price = ($1.25 x 1.15)/1.11 + ($1.25 x 1.15²)/1.11² + ($1.25 x 1.15³)/1.11³ + $40.30/1.11³ = $1.30 + $1.34 + $1.39 + $29.47 = $33.50
A senior team leader has just been offered a job with another company. The offer includes a promotion and more money, but requires a move to a town that is undesirable to the team leader. She has great difficulty deciding whether to take the job when she considers the pros and cons of the offer. The conflict she is experiencing is known as ________ conflict.
Answer:
Approach-Avoidance
Explanation:
Approach avoidance conflict is a situation whereby a goal possesses both positive aspects and negative aspects making the goal look appealing and unappealing at the same time leading to the approach and avoidance reactions at thesame time. In this case, the goal is a new job and the positive aspects or advantages are increased in both position and money when compared to her current job. But has a negative aspects of relocating tons new place in which is not desired by the individual.
Answer:
The conflict she is experiencing is known as approach-avoidance conflict.
Explanation:
Approach-avoidance conflict is said to occur when someone finds himself/herself in the middle of a situation that has both negative and positive aspects. In other words, such a person has to make the decision of pursuing a goal that has its advantages or avoiding the same goal because of its disadvantages.
The senior team leader (in the question) just got a job that promotes her in ranks (an advantage) with an increase in pay compared to what she used to earn (also an advantage). However, in order to work such a job, she has to relocate to a town that she doesn't like (a huge disadvantage).
Thus, she is quite uncertain about whether to take the job in view of its advantage or leave it in view of its disadvantage. In other words, she is experiencing conflicting thoughts in the middle of a situation that has both negative and positive aspects.
Gudenas Company makes a credit card sale to a customer for $500. The credit card sale has a grace period of 30 days and then an interest charge of 18% per year or 1.5% per month is added to the balance. If the unpaid balance on the above sale is $300 at the end of the grace period, the interest charge is:
A. $5.00.
B. $4.50.
C. $7.50.
D. $3.00.
Answer:
Interest charge after grace period = $4.50
Explanation:
Given:
Total credit sales = $500
Grace period = 30 days
Interest charge = 1.5 % after grace period per month
Total unpaid balance after grace period = $300
Computation of interest charge after grace period:
[tex]Interest\ charge\ after\ grace\ period=unpaid\ balance\ after\ grace\ period \times Interest\ rate[/tex]
Interest charge after grace period = $300 × 1.5%
Interest charge after grace period = $4.50
Did you hear that Glenn is returning back to the States, to work in corporate headquarters as vice president of environmental services in the international division?" asked Tony. His co-worker, Jaime, replied, "Yes. Obviously those four years that Glenn has spent abroad, in our Paris and Tokyo offices, have served him well." Tony countered, "Well, he deserves the recognition and, frankly, our international division will benefit from Glenn's leadership. No doubt he has learned a great deal about living and doing business in other cultures." In leaving his culture and working in other cultures for a significant period of time, Glenn will bring _____________ leadership to his organization
Answer:
The correct answer is letter "A": bridge.
Explanation:
Leadership has different functions within companies and teams. It is a bridge to the extent that leaders act as mediators between parties that do not come to a settlement or that have trouble dealing with each other because of a wide range of reasons such as cultural features. Leaders try to understand each party's position and offer a solution that benefits both individuals so they can work towards a common goal.
Thus, thanks to his experience with diverse cultures abroad, Glenn is likely to act as a bridge after he comes back to the U.S.
Answer:
bridge
Explanation:
The notion of building bridges represents binding different cultures or social classes and bringing them together. In a company, bridge leadership refers to promoting collaborative actions between different divisions or departments. In this case, Glenn is returning from Europe and Tokyo after four years and his future subordinates expect that he will be able to transfer his knowledge and work experience to them. They also expect a change in the way they work with the company's foreign branches.
Delta Diamonds uses a periodic inventory sistem. The company had five one- carat diamonds available for sale this year: one was purchased on June 1 for $500, two were purchased on July 9 for $550, and two were purchased on September 23 for $600 each. On December 24, it sold one of the diamonds that was purchased on July 9. Using the fifo method, its ending inventory ( after the December 24 sale) equals
Answer:
$2300
Explanation:
The FIFO method is one in which inventory purchased first is sold first. Given that the company had five one- carat diamonds available for sale this year: one was purchased on June 1 for $500, two were purchased on July 9 for $550, and two were purchased on September 23 for $600 each. On December 24, the one was purchased on June 1 for $500 was sold
Ending balance
= 2 * $550 + 2 * $600
= $1100 + $1200
= $2300
A manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by upper c equals 0.2 x squared plus 10 comma 000.how fast is the cost per month changing when production is changing at the rate of 13units per month and the production level is 70units
Answer:
The cost per month is increasing at a rate $365.
Explanation:
Differentiation Formula
[tex]\frac{d}{dx}(x^n)= nx^{n-1}[/tex] [tex]\frac{d}{dx}(a)=0[/tex] [ where a is a constant][tex]\frac{d}{dx}(ax^n)=a \frac{d}{dx}(x^n)= anx^{n-1}[/tex]Given that,
A manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by
[tex]c=0.2x^2+10,000[/tex].
Again given that,
the rate of changing production is 13 unit per month
i.e [tex]\frac{dx}{dt}=13[/tex]
To find the cost per month, we need to find out the value [tex]\frac{dc}{dt}[/tex] when production is changing at the rate 13 units per month and the production is 70 units.
[tex]c=0.2x^2+10,000[/tex]
Differentiating with respect to t
[tex]\frac{d}{dt}(c)=\frac{d}{dt}(0.2x^2)+\frac{d}{dx}(10,000)[/tex]
[tex]\Rightarrow \frac{dc}{dt}=0.2\frac{d}{dt}(x^2)+\frac{d}{dx}(10,000)[/tex]
[tex]\Rightarrow \frac{dc}{dt}=0.2\times 2x^{2-1}\frac{dx}{dt}+0[/tex]
[tex]\Rightarrow \frac{dc}{dt}=0.4x\frac{dx}{dt}[/tex]
Plugging [tex]\frac{dx}{dt}=13[/tex]
[tex]\Rightarrow \frac{dc}{dt}=0.4x\times 13[/tex]
[tex]\Rightarrow \frac{dc}{dt}=5.2x[/tex]
[tex]\frac{dc}{dt}|_{x=70}=5.2\times 70[/tex] [ plugging x=70]
=364
[ The unit of c is not given. Assume that the unit of c is dollar.]
The cost per month is increasing at a rate $365.
To find the rate at which the cost per month is changing, differentiate the cost function and substitute the production level.
Explanation:To find how fast the cost per month is changing, we need to find the derivative of the cost function with respect to x. Given that the cost function is given by C = 0.2x^2 + 10,000, where x represents the number of units produced per month, we can differentiate the function to find the rate of change of the cost per month.
Using the power rule, the derivative of 0.2x^2 is 0.4x. Since x is changing at the rate of 13 units per month, we substitute this value into the derivative: 0.4(13). Evaluating this expression gives us the rate at which the cost per month is changing.
Finally, substituting the production level of 70 units per month into the derivative expression: 0.4(70), we can determine the rate at which the cost per month is changing when production is at 70 units per month.
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Swifty Corporation required production for June is 42000 units. To make one unit of finished product, three pounds of direct material Z are required. Actual beginning and desired ending inventories of direct material Z are 210000 and 240000 pounds, respectively. How many pounds of direct material Z must be purchased?
Answer:
Purchases= 156,000 pounds
Explanation:
Giving the following information:
Swifty Corporation required production for June is 42000 units.
Standard quantity= 3 pounds per unit.
Beginning inventory= 210,000 pounds
Desired ending inventory= 240,000 pounds.
To calculate the purchases, we need to use the following formula:
Purchases= production + desired ending inventory - beginning inventory
Purchases= 42,000*3 + 240,000 - 210,000
Purchases= 156,000 pounds
Alatan owns a building supply store in Russ County. His trade extends throughout River City, the largest city in Russ County, but not beyond the county limits. He sells his store to Hilary and, as part of the transaction, Alatan agrees not to engage in the same type of business anywhere in River City for a period of four (4) years. In this case:
a) The geographic restraint is reasonable.
b) This agreement is unreasonable.
c) The agreement unduly interferes with the interest of the public.
d) Both (b) and (c).
Answer:
A) The geographic restraint is reasonable.
Explanation:
Generally non-compete agreements are done between employees and their employer and in order for them to be enforceable they must be reasonable and the employee must be compensated in some way (usually when the contract is signed a special compensation must be set, like a high salary or bonus, etc.).
In this case, the non-compete agreement is made between the seller and buyer of a business. The agreement includes a specific geographic restriction and lasts 4 years, so the agreement would be considered valid by a court. Generally if the non-compete agreement was between an employee and his/her employer and lasted that long it wouldn't be enforceable, but for a business a 4 year period is reasonable.
Simonne is developing a program. She names a variable %due, but then recognizes that this name violates a variable naming convention. What naming convention does it violate?
Variable names must be at least five characters in length.
Variable names must begin with a number.
Variables names cannot include a percent sign (%).
Variables names cannot include the letter e.
Answer:
Variables names cannot include a percent sign (%).
Explanation:
Answer:
C
Explanation:
Choose the explanation that tells how the choice of the type of responsibility center (cost, revenue, profit, or investment) affects behavior.
A. The type of responsibility center determines the strategic plans for the organization.
B. The organization tailors it's long-range and short-range plans based on the goal of each responsibility center.
C. The type of responsibility center determines what the manager is accountable for and thereby affects the manager's behavior.
D. The choice of a responsibility center type guides the variables to be included in the budgeting exercise.
E. None of the above.
F. The type of responsibility center affects financial planning models.
G. These models affect the behavior of managers who aim to achieve a high profit and increase revenues.
Answer: C. The type of responsibility center determines what the manager is accountable for and thereby affects the manager's behavior.
Explanation: The choice of a type of responsibility center( cost profit, revenue or investment ) affects the manager's behavior and what the manager will be responsible for.
Also the choice of the responsibility center type can guide the variables to be included when budgeting.
Final answer:
The type of responsibility center determines what managers are accountable for, which affects their behavior. Each center influences managerial focus—cost centers on expenses, revenue centers on sales, profit centers on both, and investment centers on asset returns and ROI. The correct answer is that responsibility centers impact manager accountability and behavior.
Explanation:
The type of responsibility center chosen within an organization greatly impacts managerial behavior because it determines what managers are accountable for. When a manager is in charge of a cost center, the focus is on controlling expenses and optimizing operational efficiency.
Conversely, if the manager oversees a revenue center, the emphasis shifts to generating sales and income. In the case of a profit center, the manager's attention is divided between both, managing costs and increasing revenues. Finally, being responsible for an investment center means that the manager must consider not only profits but also the return on investment of the assets under their control.
These different types of responsibility centers affect behavior because managers will prioritize actions that align with their performance metrics. For instance, a manager of a cost center might implement strict budget controls, while an investment center manager might analyze whether to divest from non-performing assets. Recognizing those patterns is essential to understanding how different types of responsibility centers incentivize managerial decision-making and strategic focus.
In conclusion, the correct explanation regarding how the choice of responsibility center affects behavior is: C. The type of responsibility center determines what the manager is accountable for and thereby affects the manager's behavior.
A firm estimates that its proposed capital budget will force it to issue new common stock, which has a greater cost than the cost of retained earnings. The firm, however, would like to avoid issuing costly new common stock. Which of the following steps would mitigate the firmâs need to raise new common stock? a. Increasing the companyâs dividend payout ratio for the upcoming year.b. Reducing the companyâs debt ratio for the upcoming year.c. Increasing the companyâs proposed capital budget.d. All of the statements above are correct. e.None of the statements above is correct.
Answer:
Option D. All of the statements above are correct.
Explanation:
The reason is that the capital budget is the budget of investment in the business and in the current situation their is shortage of fund. So to meet the demand we can not pay dividends because it reduces the available cash available for investment. So the option A is incorrect.
Option B is also incorrect because the reducing debt ration means paying off the liabilities which again decrease the amount of cash available to invest in the company. So the option B is incorrect.
Increasing the proposed capital budget will require greater amount of funds. As we are already in shortage of funds, increasing capital budget is not the right course of action. So the option C is also incorrect.
Option E is also incorrect none of the option was correct, hence the correct option is D.
Reducing the company's debt ratio for the upcoming year could be a way to mitigate the firm's need to raise new common stock. This would free up funds being used for debt repayments, reducing the need for further external financing, such as issuing new common stock.
Explanation:The firm's need to raise additional capital by issuing costly new common stock could be mitigated by following one or several strategies that include making internal adjustments and reducing the need for such external financing. However, from your options, reducing the companyâs debt ratio for the upcoming year (Option b) is the most appropriate.
Lowering the debt ratio could free up funds currently used for debt repayments, thereby reducing the need for external financing like issuing new common stock. Increasing the dividend payout or the capital budget (Options a and c) would require more financing, not less, and so these options are not viable. So Choice b is the correct answer.
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Kelly Cakes Bakery purchases a new building to use for its baking operations. In addition to the purchase price, the acquisition requires the company owner to pay a commission to a realtor and fees to an attorney. The realtor commissions and legal fees will be expensed in the current period. True/ False?
Answer:
False
Explanation:
Cost of Property, Plant and Equipment Item according to IAS 16 includes : Purchase Cost and other Costs directly incurred to put the asset in the location and condition intended by the managers.
Thus, The realtor commissions and legal fees are part of costs to put the asset in the location and condition intended by the managers and hence included in cost of Building.
They are therefore not expensed in the current period
Leigh Delight Candy, Inc. is choosing between two bonds in which to invest their cash. One is being offered from Hershey's and will mature in 10 years and pay $30 each quarter. The other alternative is a Mars' bond that will mature in 20 years and pay $30 each quarter. What would be the present value of each bond if the discount rate is 10% compounded quarterly, and each bond pays $1,000 at maturity?
Answer:
Hersey's bond = $1125.513
Mars bond = $1172.259
Explanation:
Hersey bond;
Period(t) = 10years = 40(quartely)
Coupon (C) = $30
Rate (r) = 0.1 = 0.025(quarterly)
Pay at maturity(p) = $1000
Using the both present value (PV) and compound interest formula ;
PV =[ C × (1 - (1+r)^-t) ÷ r] + [p ÷ (1 + r)^t]
PV = [30×(1-(1.025)^-40)÷0.025] + [1000÷(1.025)^40]
PV =( 753.083251562) + (372.4306236)
PV = $1125.513
Mars bond;
Period(t) = 20years = 80(quartely)
Coupon (C) = $30
Rate (r) = 0.1 = 0.025(quarterly)
Pay at maturity(p) = $1000
PV =[ C × (1 - (1+r)^-t) ÷ r] + [p ÷ (1 + r)^t]
PV = [30×(1-(1.025)^-80)÷0.025] + [1000÷(1.025)^80]
PV =(1033.55451663) + (138.704569467)
PV = $1172.259
The present value of Hersey's bond = $1125.513.
And, the present value of the Mars bond = $1172.259.
Calculation of the present value:For Hersey bond;
Period(t) = 10years = 40(quartely)
Coupon (C) = $30
Rate (r) = 0.1 = 0.025(quarterly)
Pay at maturity(p) = $1000
Now the following formula should be used
PV =[ C × (1 - (1+r)^-t) ÷ r] + [p ÷ (1 + r)^t]
PV = [30×(1-(1.025)^-40)÷0.025] + [1000÷(1.025)^40]
PV =( 753.083251562) + (372.4306236)
PV = $1125.513
For Mars bond;
Period(t) = 20years = 80(quartely)
Coupon (C) = $30
Rate (r) = 0.1 = 0.025(quarterly)
Pay at maturity(p) = $1000
Now
PV =[ C × (1 - (1+r)^-t) ÷ r] + [p ÷ (1 + r)^t]
PV = [30×(1-(1.025)^-80)÷0.025] + [1000÷(1.025)^80]
PV =(1033.55451663) + (138.704569467)
PV = $1172.259
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Interest spreads in the eurocurrency market are small for many reasons EXCEPT: Eurocurrency loans are secured loans. Eurocurrency deposits and loans are made in amounts of $500,000 or more on an unsecured basis. The eurocurrency is a wholesale market. Borrowers are usually large corporations or government entities
Answer:
Eurocurrency loans are secured loans
Explanation:
Base on the scenario been described in the question, all other interest spread are small for eurocurrency with only eurocurrency loans are secured loans which is not small for the spread of interest in eurocurrency. Normally, the rates on eurocurrency loans are lower than that of those in the domestic or local market of country for reasons which are essentially the same.
On June 1, the board of directors of Big, Inc. declare a 20% stock dividend. On this date, there were 10,000 shares of $1 par value stock issued and outstanding and the market value was $5 per share. The entry to record this transaction would include a (debit/credit) to Retained Earnings in the amount of $ .
Answer:
The answer is Debit to Retained Earnings of $10,000.
Explanation:
Retained earnings simply put, is an accumulation of net income or loss over years minus dividend payouts (cash or stock).
The value of the stock in the company prior to the stock dividend payment was $1 x 10,000 units = $10,000
Meanwhile the market value increased to $5/share, the value now becomes $5 x 10,000 units = $50,000
20% stock dividend translates to 0.2 x $50,000 = $10,000
So, appropriate entries would be:
Debit Retained earnings $10,000
Credit Common stock $10,000
(To record stock dividend payment)
Sales promotion refers to individualized communications programs that are specifically designed with a single customer in mind because the item being sold is unique to that customer. a sequence of value inducements aimed at retaining channel members. a long-term inducement of value offered to build and sustain loyal customer relationships. a single-themed IMC campaign employing multiple advertising and personal selling strategies. a short-term inducement of value offered to arouse interest in buying a product or service.
Answer:
a short-term inducement of value offered to arouse interest in buying a product or service
Explanation:
Sales promotion can be defined as a process of trying to get a potential customer to buy the product by persuading them. Sales promotion a short-term tactic used for the purpose of boosting sales. As a method of building long-term customer loyalty, it is barely suitable. Sales promotions are aimed at getting consumers interested in purchasing a product or service.
Sales promotion is a short-term inducement of value offered to arouse interest in buying a product or service. Examples include discounts, coupons, contests, and free samples. It is designed to temporarily boost sales and create a sense of urgency.
Sales promotion refers to a short-term inducement of value offered to arouse interest in buying a product or service. Unlike long-term marketing strategies focused on building brand loyalty, sales promotions are designed to temporarily boost sales by creating a sense of urgency. Examples include discounts, coupons, contests, and free samples, which can effectively attract new customers and encourage repeat purchases.It's important to distinguish between sales promotions and advertising. While advertising is a paid form of communication aimed at influencing a target audience's attitudes or behaviors over a longer period, sales promotions are immediate and short-lived. Effective sales promotions can be a crucial part of a company's overall marketing strategy by driving quick sales and clearing out inventory.Ben and Leah are planning their 30-year wedding anniversary and are considering taking a 4-day trip to Alaska. How much will their vacation cost if they have been able to come up with the following estimates?Flights are $400 per person, food will cost about $8 per meal per person (4 days of meals), a rental car will cost $45 per day, hotel costs are $190 per night (they stay 4 nights), airport parking is $25 per day, and an extra $90 for gas and another $500 for tours and souvenirs is expected.A) $1,258 B) $1,991 C) $2,451 D) $2,622
Answer:
D) $2,622
Explanation:
Daily costs
= ($8/meal x 3 meals/day x 2 people) + $45 + $190 + $25) = $308 daily costs
Total costs
= ($400 x 2) + 90 + 500 + (308 x 4 days)
Hence:
Total costs = 800 + 90 + 500 + 1,232
= $2,622
Answer:
Option D. 2,622
Explanation:
We have the following costs:
Flights = $400 per person
Food = $8 per meal per person
Car rental = $45 per day
Hotel costs = $190 per night
Airport parking = $25 per day
Gas = $90
Tours and souvenirs = $500
We calculate as follows:
Daily costs = (($8/meal x 3 meals/day x 2 people) + $45 + $190 + $25) = $308 daily costs
Total costs = ($400 x 2) + 90 + 500 + (308 x 4 days)
Total costs = 800 + 90 + 500 + 1,232 = $2,622.
2. One of the most fundamental determinants of the exchange rate is ______________ whereby the exchange rate between the currencies of two countries is in equilibrium when it equates the prices of a basket of goods and services in both countries.
Answer: PURCHASING POWER PARITY.
Explanation: Purchasing power is defined as the amount of goods and services that can be bought with a unit of currency.
PURCHASING POWER PARITY refers to a theory of long-term equilibrium exchange rates based on relative price levels of two countries.
Exchange rates is determined by a whole number of factors some of which include; Differentials in Inflation; Differentials in Interest Rates; Current Account Deficits; Public Debt;etc.
Tristan is the financial manager of a small company. While sales are steady, customers are taking longer to pay, and he has had increasing difficulty obtaining short-term loans to finance the day-to-day operations of the company. Tristan's company is facing a(n)
Answer:
cash-flow-problem
Explanation:
Based on the scenario being described within the question it can be said that in this specific situation Tristan's company is facing a cash-flow-problem. This is a problem that occurs when a company begins to struggle to pay off it's debts as the due dates arrive. Which can easily cause a business to shut down due to not being able to pay off these debts.
Answer:
Cash-flow problem
Explanation:
Tristan the financial manager of a small company, experienced steady sales but customers are taking longer to pay, and he has had increasing difficulty obtaining short-term loans to finance the day-to-day operations of the company.
Hence, Tristan's company is facing a cash-flow problem.
In Business, a cash flow problem usually occurs when an individual or organization has difficulty or is struggling to obtain loans and pay its debts as they become due.
Katlin knew that her established customers liked her product much better than her competitor’s. She was planning to expand into new markets. She was planning to charge a higher price than competitors to help demonstrate that her products have high quality. Katlin was considering ______.
Answer:
Premium pricing
Explanation:
Premium pricing is the strategy of charging a high price to maintain a brand, a business, a product or a product status . In this, the sales volumes remain small, by keeping prices high. This allows carefully sustaining the value, status, prestige and brand value.
So according to the given scenario, Katlin wants to expand into new markets and planning to charge a higher price as compared to the competitors so it reflects the concept of premium pricing
Terps Company received a promissory note from a customer on October 1, 2019. The principal amount of the note is $25,000; the terms are 8 months and a 6% annual interest. Assuming the accounting period ends on December 31, determine the interest revenue recorded by the company for the year ending on December 31, 2020
Answer:
The answer is $3,000
Explanation:
Principal is $25,000
Tenor is 8 months
Annual interest is 6%
So the interest rate for 8 months is 4%
Therefore the monthly interest income is 4% x $25,000
=$1,000.
October 1, 2019 through December 31, 2019 is 3 months
The interest revenue that will be recorded for the year 2019 is $1,000 x 3 months
=$3,000
The drought of 2011 devastated hay crops in the plains states and horse owners ranged far and wide to purchase hay for their horses when winter arrived. Hay can be purchased "up north" for $4 a bale and a few entrepreneurs with large trailers were more than willing to pick up a few hundred bales and haul them south where demand was high. The transportation cost was $6 per bale and a packing and loading cost of $1 was typical. The landed cost of a bale of hay this winter was:
Answer:
The options are given below:
A. $10.
B. $4.
C. $6.
D. $11.
The correct options is D.
Explanation:
Landed cost refers to the total price of a product or shipment once it has arrived at a buyer's doorstep. It includes the original price of the product, the transportation fees (both inland and ocean), customs, duties, taxes, tariffs, insurance, currency conversion, crating, handling and payment fees.
Therefore, in calculating the landed cost of the question above, we sum all the costs incurred thus:
Purchase price = $4
Transportation cost = $6
Packing and loading cost = $1
Landing cost = $4 + $6 + $1 = $11.
Ellis gives a presentation to propose that his company, Ingenius Inc., eliminate its traditional departments and replace them with flexible teams that will allow employees to move from project to project as needed. He decides to use the PREP method of justifying this position. Which of the following is an example of the second step in the method?
a. He cites two studies that analyze the positive effects that adopting the flexible team system has on productivity.
b. He explains that, with the current structure, employees in one department may be underutilized while other departments are overtaxed.
c. He closes by reiterating his position and summarizing the benefits he thinks Ingenius, Inc. will gain from adopting a flexible team system.
d. He describes another company in their industry that has benefited from using the system he is urging Ingenius to adopt.
e. He opens by clearly stating that he favors a reorganization that eliminates departments in favor of flexible teams.
Answer:
B
Explanation:
PREP method , an acronym for Point, Reason , Example and point repeatation,is a pattern used in business communication in order to make an effective communication.I
The second step of the method is Reason , (PREP) which explains to the audience the objective of the presentation , backed up with research and statistics .
The reason to eliminate the traditional department and replace them with flexible teams that will allow employees to move from project to project has to be stated here.
Instead of featuring any functional benefits of the product or brand in ads for the iPod, this product was introduced by showing a silhouette of a person dancing with the white earbuds and holding a white iPod MP3 player. Which type of advertising appeal does this illustrate? a) one -sided message b) two- sided message c) testimony d) value- expressive appeal e) utilitarian appeal
Answer:
d) value- expressive appeal
Explanation:
Based on the scenario being described within the question it can be said that this specific advertisement focuses on value- expressive appeal. This is an approach that focuses on creating a generalized illustration or depiction of the user that will use the advertised product or brand. Such as in this case, the advertisement is showing the silhouette of the person dancing while listening to the product because it is representing a depiction of how the everyday user will act with while using the product.
Answer:
D. value-expressive appeal
Explanation:
The value-expressive function is served by attributes that displays a particular products image to others thus, the person dancing with the white earbuds and holding a white iPod MP3 player.
You work for a company that wants to enter the business of manufacturing sustainable products. Thecompany has received a $1 million grant and will be creating prototypes of the products and slowlyintroduce them in the market. Select the following products that are considered sustainable products.Solar-powered lighting centersRunning shoes made entirely of hempBio-based water bottles made from methaneElectric cars
Answer:
they all are considered sustainable products:
Solar-powered lighting centersRunning shoes made entirely of hempBio-based water bottles made from methaneElectric carsExplanation:
Sustainable products provide long term environmental, social and economic benefits to the company, the environment and society as a whole.
Solar powered lighting centers help to reduce electricity consumption. Hemp is a type of plant.Bio-based water bottles reduce the use of plastic.Electric cars reduce the use of gasoline.Mrs. Renfro's, Inc., is a company that sells 25 different relishes in 45 different states. Mrs. Renfro's chipotle corn salsa is so popular that the company cannot make enough to keep its resellers stocked. Its price of $4.50 for a jar seems just right to consumers who savor its hot and spicy taste. The popularity of hot and spicy food is an example of a __________ that Mrs. Renfro's has taken advantage of to make its product a success.
Answer:
Demand factor
Explanation:
Demand factor refers to a condition that determines the ability of a consumer and which influences his or her willingness to purchase a product.
The popularity of hot and spicy food is an example of a demand factor that Mrs. Renfro's has taken advantage of to make its product a success.
The demand for Mrs. Renfro's inc. Chipotle corn salsa is high that it couldn't meet the demand. Mrs. Renfro has taken advantage of the Popularity of the product because of how and spicy taste which makes consumers prefer it to other products.
The preference of the product to other products has made the demand for it increase over time.
Demand of a commodity can be defined as the total quantity of the commodity acquired by a consumer over time.
Demand factor is the ratio of the maximum quantity demanded during a period to the total supply of the product.
Mrs. Renfro's has utilized a market trend towards hot and spicy flavors to succeed in selling its chipotle corn salsa.
The popularity of hot and spicy food that Mrs. Renfro's has capitalized on is an example of a market trend. Market trends represent directional movements of consumer preferences that enable companies to focus their product development and marketing strategies to meet evolving consumer demands.
By recognizing the trend towards hot and spicy flavors, Mrs. Renfro's has positioned its chipotle corn salsa to appeal to this growing segment, thereby increasing demand and sales.
Additionally, by offering different sizes of salsa, Mrs. Renfro's is practicing second-degree price discrimination, which caters to distinct customer segments with varying demands as shown in the consumer demand curves for different jar sizes (A for smaller quantity preferred by Consumer 1, B for larger quantity preferred by Consumer 2).
Furthermore, understanding cross price elasticity helps determine the relationship between goods—such as chips and salsa—and whether they are substitutes or complements.
This knowledge is critical for businesses when setting pricing strategies and anticipating customer purchasing patterns in response to changes in the prices of related goods. Mrs. Renfro's might explore this when considering the price of their salsa relative to other snack items.
If the price level increases, __________.
a. the money demand curve shifts to the right
b. there is movement along with a stationary money demand curve
c. the money demand curve shifts to the left
d. I DON'T KNOW YET
If the price level increases, a. the money demand curve shifts to the right.
Explanation:The money demand curve illustrates the relationship between the interest rate and the quantity of money that individuals and businesses want to hold in an economy. It typically slopes downward, indicating that as interest rates rise, the quantity of money demanded falls, and vice versa. Factors affecting money demand include income, price levels, and interest rates.
If the price level increases, the money demand curve shifts to the right. This is because when the price level rises, people need more money to purchase the same amount of goods and services, so they will demand more money. This leads to a rightward shift of the money demand curve.
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"The correct option is a. If the price level increases the money demand curve shifts to the right.
When the price level increases, the value of money decreases because with higher prices, each unit of currency can buy fewer goods and services. As a result, people will need more money to conduct the same amount of transactions.
This increased demand for money to maintain the same level of transactions leads to a rightward shift in the money demand curve. This is because, at each price level, a greater quantity of money is now demanded.
To understand this concept, consider the equation of exchange:
[tex]\[ MV = PQ \][/tex]
where M is the money supply, V is the velocity of money, P is the price level, and Q is the quantity of goods and services produced. If P increases and Q and V remain constant, M must increase to keep the equation balanced, indicating an increased demand for money.
Therefore, the statement the money demand curve shifts to the right correctly describes the impact of an increase in the price level on the money demand curve."
The following information pertains to a manufacturing company: Beginning finished goods inventory $48,000 Manufacturing overhead $23,000 Cost of goods manufactured $117,000 Direct labor costs were $38,000 Ending finished goods inventory $43,000 Direct materials costs $53,000 What was the company’s cost of goods sold?
Answer:
COGS= $122,000
Explanation:
Giving the following information:
Beginning finished goods inventory $48,000
Cost of goods manufactured $117,000
Ending finished goods inventory $43,000
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 48,000 + 117,000 - 43,000
COGS= $122,000
A company owns a financial asset that is actively traded on two different exchanges (market A and market B). There is no principal market for the financial asset. The information on the two exchanges is as follows
Quoted price of asset - Transaction costs
Market A: $1,000 - $ 75
Market B: 1,050 - 150
What is the fair value of the financial asset?
A. $ 900
B. $ 925
C. $1,000
D. $1,050
Answer:
C. $1,000
Explanation:
The transaction is believed to have happened in the principal market for the liability or asset. When there is no present market like that, it is believed to happen market that is in more advantage. The market that is more advantage is the market in which the certain reporting entity can utilize the amount they received for selling the asset or minimize the amount paid for transferring the liability, after considering transportation and transaction and costs. The fair value is the price in that market with no adjustment for transaction costs. The entity will be able to receives $925 in only one condition, that is, if the asset is sold in Market X, but only $900 in Market Y. Therefore, Market X is the has more advantage, making the the fair value is $1,000. As our answer
New-Tech Corporation borrowed $20,000 from the bank on March 1, 2011. The note carried a 9% annual interest rate and a 1-year term to maturity. The company paid the principal and the interest in cash on the maturity date. What amount of interest expense will New-Tech Corporation show on its 2011 and 2012 income statements? 2011 2012 a $ -O- $1,800 b. $1,800 $ -O- $1,500 $ 300 d. $1,350 $ 450
Answer:
The correct answer is:
$ -O- $1,800 (a)
Explanation:
Principal = Amount borrowed = $20,000
interest rate = 9% = 0.09
Time = 1 year
Simple Interest = Principal × Rate × Time
Simple Interest = 20,000 × 0.09 × 1 = $1,800.
Next, we are asked to show how interest expense will appear in 2011 and 2012 income statements respectively. First note that the 2011 interest expense will be recorded as $0 because that was the year in which the money was borrowed, and it was not paid back until 2012. In 2012, the interest and principal was paid back, and from the calculation, the interest paid was $1,800.