Answer:
Brook brothers is the oldest that is still doing business today
First store was open in 1818
Perggy's Bakes, a bakery in New Orleans that exclusively sells its confectionery products online, makes its products only when it receives an order. The bakery produces the products as per the order and delivers to the customer's homes. It does not produce any excess products. In the given scenario, the price associated with the demand and supply of the products at Perggy's Bakes reflects the _____.
Answer:
I feel like something is wrong in the question. Can you check it again?
Explanation:
After 'Mary's Gifts and Cards' surveyed its customers, it discovered that its customers preferred the company's competition more than 70 percent of the time. The most frequently cited reason was customer service. During which stage of Lewin's change model should Mary provide her employees with this information about the problems with customer service?
Answer: Unfreezing stage
Explanation: Under the unfreezing stage the organisation tries to detect the problems in operational services hindering the business, in this the organisation tries to know the current status of the organisation in the market and the needs of the customers which are not getting fulfilled. After realizing the needs and requirements of customers the plans, goals etc of the organization are changed accordingly.
In the given case the company is detecting the problems in customer service so the unfreezing stage would be an appropriate stage for Mary to provide this problem to employees.
The manager of the customer service division of a major consumer electric company is interested in determining whether the customers who have purchased a Blu-ray player made by the company over the past 12 months are satisfied with their products. If there are 4 different brands of Blu-ray players made by the company, the best sampling strategy would be to use a?
Answer: Stratified random sampling
Explanation:
Given : The manager of the customer service division of a major consumer electric company is interested in determining whether the customers who have purchased a Blu-ray player made by the company over the past 12 months are satisfied with their products. If there are 4 different brands of Blu-ray players made by the company.
The best sampling strategy which we can use is stratified random sampling because it is not much costly and also it induces the efficiency . We can me different strata according to the 4 brands , then we can randomly select participants for the sample.
Stratified random sampling is a method of probability sampling in which a researcher divides the entire population into multiple homogeneous groups known as strata and then he randomly select an sample members from each strata for research .The manager should use a stratified random sampling strategy to ensure each of the four brands of Blu-ray players is represented proportionately, improving the accuracy of the customer satisfaction assessment.
To assess customer satisfaction with the company's Blu-ray players over the past 12 months, the manager of the customer service division should utilize a stratified random sampling strategy. This approach involves dividing the population of Blu-ray player customers into four strata, corresponding to the four different brands of Blu-ray players. Then, a random sample is taken from each stratum to ensure representation from all brands. This method provides a more accurate reflection of the overall customer satisfaction than taking a simple random sample from the entire population, as it guarantees that each brand is represented in proportion to its market presence.
Target ROI is 19% Invested Capital is $527956 Full Cost per unit $1446 Expected sales volume is 748 units. If the company prices each unit to earn the target ROI, what amount of profit would be added to the cost of each unit? Round your answer to the nearest whole dollar . Don't use dollar signs or commas when entering your answer.
Answer:
The amount of profit that would be added to the cost of each unit is $134.
Explanation:
For taking out the amount of profit to be added , we will use formula -
PROFIT / EXPECTED SALES PER UNIT
In the question we have been given sales per unit ( 748 ) but profit is not given, so to calculate profit we will do -
INVESTED CAPITAL X ROI
= $527956 X 19%
= $100311.64
=$100312 (APPROXIMATELY)
Now we will put the value of profit and sales unit in the formula -
PROFIT / EXPECTED SALES PER UNIT
= $100312 / 748
= $134.106
= $134 (APPROXIMATELY)
Which one of the following is a capital budgeting decision? A. Determining how much debt should be borrowed from a particular lender.B. Determining how much inventory to keep on hand.C. Deciding when to repay a long-term debt.D. Deciding whether or not to open a new store.E. Determining how much money should be kept in the checking account.
Answer: Deciding whether or not to open a new store is a capital budgeting decision.
Capital budgeting is the process in which a enterprise is set about to measure possible leading investments.
∴ Deciding whether or not to open a new store is a capital budgeting decision.
An increase in real GDP__________
a. increases the buying and selling of goods and increases the demand for money as a medium of exchange.
b. increases the buying and selling of goods and decreases the demand for money as a medium of exchange.
c. decreases the buying and selling of goods and increases the demand for money as a medium of exchange.
d. decreases the buying and selling of goods and decreases the demand for money as a medium of exchange.
Answer: Option A
Explanation: Real gross domestic product is the value of the goods and services produced in the economy stated in terms of base year prices. The real GDP is adjusted for the inflated prices, thus, it is seen as the more appropriate measure of valuing the GDP.
As, the value of GDP in real GDP is adjusted for base year prices we can conclude that if there is an increase in it then it must be due to the increase in the quantity of goods and services bought and sold and it will result in an increase in the demand for money.
An analytical procedure example is the comparison of:
Multiple Choice
a. Financial ratios of the current year to previous years.
b. Recorded amounts of major disbursements with appropriate invoices.
c. Results of a statistical sample with the expected characteristics of the actual population.
d. EDP generated data with similar data generated by a manual accounting system.
Answer:
The correct example of an analytical procedure is the comparison of A) financial ratios of the current year to previous year.
Explanation:
Analytical procedure is a type of financial audit process which is usually done by an auditor or a person who has extensive knowledge of the business and the industry. Through this process an auditor , is trying to understand the clients business and changes that are taking place in the industry , so that he or she can identify what are the potentially risky areas for the company.
In this process an auditor would compare the financial statements of the company with the source of information or with previous years financial statements to see what re the areas in which company has improved or needs to be improved.
So it won't be wrong to say that an example of analytical procedure would be comparing the financial ratios of current year to previous year.
A customer has come to your department with an urgent question. You promised her that you would collect information about her question and answer it by noon. It will take you at least 20 minutes to gather the information needed to provide an answer. It is now 11:50 a.m. Your supervisor just scheduled a 30-minute meeting to start at noon. This meeting is for all employees in your department. You decide to:
Answer: ask for permission to arrive about 12:15 in the afternoon to the meeting and reply the customer question first.
Explanation:
Most of the actions taken inside a company are directed to customers' satisfaction, they are an important part of all business, so they have to be a priority. In this case, the worker can explain to the supervisor the urgent necessity of replying to the customer and the previous promise that has done of replying by noon. The supervisor may understand the important situation and summarize for the worker the 10 first minutes of the meeting; in this way the worker won't miss the meeting and will keep his commitment with the customer.
Suppose that autonomous consumption is 1 comma 500, government purchases are 1 comma 500, planned investment spending is 1 comma 500, net exports are negative 500, and the MPC is 0.6. Equilibrium GDP is equal to $ nothing. (Enter your response as an integer.)
Answer: $2500 ⇒ Equilibrium GDP
Explanation:
Given that,
autonomous consumption ([tex]\bar{C}[/tex] )= 500
government purchases(G) = 500
planned investment spending (I) = 500
Net Exports (NX) = (-500)
Y = GDP
MPC (c) = 0.6
Consumption (C) = [tex]\bar{C}[/tex] + cY
= 500 + 0.6Y
Y = AD
Y = C + G + I + NX
Y = 500 + 0.6Y + 500 + 500 + (-500)
0.4Y = 1000
Y = [tex]\frac{1000}{0.4}[/tex]
Y = $2500 ⇒ Equilibrium GDP
Which explains the connection between the law of demand and excess demand? a. The law states that decreases in price leads to greater quantity demanded and limited supply, which occurs during excess demand. b. The law states that increases in price increases leads to greater quantity demanded and limited supply, which occurs during excess demand. c. The law states that decreases in price leads to greater supply and equilibrium, which occurs during excess demand. d. The law states that increases in price leads to greater supply and equilibrium, which occurs during excess demand.
Answer:
The law states that decreases in price leads to greater quantity demanded and limited supply, which occurs during excess demand.-a.
Wilson’s Market is considering two mutually exclusive projects that will not be repeated. The required rate of return is 13.9 percent for Project A and 12.5 percent for Project B. Project A has an initial cost of $54,500, and should produce cash inflows of $16,400, $28,900, and $31,700 for Years 1 to 3, respectively. Project B has an initial cost of $69,400, and should produce cash inflows of $0, $48,300, and $42,100, for Years 1 to 3, respectively. Which project, or projects, if either, should be accepted and why?
Answer:
Project A shall be accepted as Project A has positive and higher NPV than Project B.
Explanation:
Since the projects are mutually exclusive we will evaluate the NPV that is Net present value of the projects.
Project A
Present Value of Cash outflow = $54,500
Rate of return = 13.9%
Present value of cash inflows
Year Cash flow PV @13.9% Present Value
1 $16,400 0.878 $14,399.2
2 $28,900 0.771 $22,281.9
3 $31,700 0.677 $21,460.9
Total cash inflow $58,142
NPV = $58,142 - $54,500 = $3,642
Project B
Present Value of Cash outflow = $69,400
Rate of return = 12.5%
Present value of cash inflows
Year Cash flow PV @ 12.5% Present Value
1 $0 0.888 $0
2 $48,300 0.790 $38,157
3 $42,100 0.702 $29,554.2
Total cash inflow $67,711.2
NPV = $67,711.2 - $69,400 = -$1,688.8
Since NPV of Project B is negative and that of project A is positive Project A shall be selected, as there will be loss in case of Project B.
A progress report:
A. Monitors and controls production, sales, shipping, service, or related business processes.
B. Makes recommendations to management and becomes a tool to solve problems and make decisions.
C. Discusses competing products with an analysis of relative advantages and disadvantages.
D. Documents and indicates the extent to which a product is within established compliance parameters.
Answer:
A. Monitors and controls production, sales, shipping, service, or related business processes.
Explanation:
The Progress Report is the main tool for checking project status. It shows how much work still needs to be done on the project. This is done by estimating the effort required to complete each of the Work Items to be addressed in the project and showing how the estimated effort is evolving from one iteration to another. The Project Progress Report should be updated at the end of each iteration.
It is through the progress report that it is possible to monitor and control the production, sales, shipping, service, or related business processes.
A doctor for the Benson Family Practice performs a sports physical exam for Allison Smythe on February 1. The charge for the exam is $100; Smythe's insurance company, Cardinal Health, is billed for the entire $100 on February 1. Cardinal Health receives the invoice on February 2, and enters the amount into its payment system on February 4. Benson Family Practice receives the $100 payment from Cardinal Health on February 20. On which date would Benson Family Practice recognize the revenue for the Smythe's physical?
Answer:
On February 1st
Explanation:
The revenue is recognize in accounting when generated. Regardless of the payment date. This means, when the revenue is real and earned.
The services were perform and billed on february 1st. This is ground to recognize revenue.
This will be a case of Accrued revenue
Accrued revenue The cash receipts occurs after the billing and recognition of the revenue.
Revenue for Allison Smythe's physical would be recognized by the Benson Family Practice on February 1, the date of the service, according to accrual accounting principles.
In accounting principles. the revenue is recognised in accounting when generated. Regardless of the payment date. This means, when the revenue is real and earned. The Benson Family Practice would recognize the revenue for Allison Smythe's physical on the date the service was provided, which is February 1.
Thus, this is based on the accrual accounting principles, where revenue is recognized when earned, regardless of when the payment is actually received. Despite the payment from Cardinal Health being received on February 20, the revenue for the service is recorded on the date the service was provided to the patient.
"The risk‐free interest rate on one‐year debt is 7 percent and the return on the market is expected to be 13 percent. A stock with a beta of 1.2 pays no dividends over the next year. If it is currently priced at $15.00, what will its price be at the end of the year?"
Answer:
Price be at the end of the year = $17.13
Explanation:
Using the capital asset pricing model we have,
[tex]E(R) = R{_f} + \beta (R{_m} - R{_f})[/tex]
Where E(R) = Expected return on investment
R[tex]{_f}[tex] = Risk free rate of return = 7%
[tex]\beta[tex] = 1.2
[tex]R{_m}[tex] = Return on the market
Here we have
E(R) = 7% + 1.2(13 - 7)%
= 0.07 + 0.072 = 0.142
= 14.2%
Therefore price of share at year end = $15 + 14.2% = $17.13
That is current cost + expected return on this investment = $17.13
Significant investment features for the purchaser of municipal bonds include all of the following EXCEPT: A interest is currently federal tax exempt B maturities and issues may be diversified C interest is currently state and local tax exempt D insured issues are available for customers wishing minimum credit risk
Answer: the correct answer is C interest is currently state and local tax exempt.
Explanation:
A municipal bond is a debt obligation issued by a non-profit organization.
The option C. offers regular or common features that's why it is the correct answer (they are not significant).
Final answer:
The significant investment feature that does NOT typically apply to municipal bonds is that interest is currently state and local tax exempt; exemptions on state and local taxes can vary depending on the investor's state of residence and the state that issues the bond.
Explanation:
The significant investment features for the purchaser of municipal bonds include tax exemptions on interest, potential diversification through different maturities and issues, and the availability of insured issues to minimize credit risk. However, the correct option that does NOT typically apply to municipal bonds is option C: interest is currently state and local tax exempt. While interest on municipal bonds is often federally tax-exempt, it is not always exempt from state and local taxes. This exemption depends on the state in which the investor resides and the state that issues the bond, meaning it is not a uniform feature across all municipal bonds.