Chad is the founder of a firm producing self-driving vehicles. Because the industry is so new and chaotic, Chad favors a top-down strategic planning approach in which he exerts strong control over all aspects of the business, from product development and design to manufacturing and marketing. What is wrong with this scenario
Answer:
a. The self-driving vehicle industry is changing too much for the top- down approach to be effective.
Explanation:
The top-down strategic planning approach involves the company goals and their subdivisions. The aim is to gradually move from the top to down in a specific hierarchy. This approach lies on higher authority and in contrast the bottom-up strategy favors decision making that gives complete staff a voice.Brian lives in San Francisco and runs a business that sells guitars. In an average year, he receives $704,000 from selling guitars. Of this sales revenue, he must pay the manufacturer a wholesale cost of $404,000; he also pays wages and utility bills totaling $286,000. He owns his showroom; if he chooses to rent it out, he will receive $3,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Brian does not operate this guitar business, he can work as an accountant, receive an annual salary of $20,000 with no additional monetary costs, and rent out his showroom at the $3,000 per year rate. No other costs are incurred in running this guitar business.
Identify each of Jake's costs in the following table as either an implicit cost or an explicit cost of selling guitars.
Implicit Cost Explicit Cost
The wholesale cost for the guitars that Charles pays
the manufacturer.
The wages and utility bills that Charles pays.
The salary Charles could earn if he worked as an accountant.
The rental income Charles could receive if he chose to rent
out his showroom .
Complete the following table by determining Jake's accounting and economic profit of his guitar business.
Profit (Dollars)
Accounting Profit
Economic Profit
If Jake's goal is to maximize his economic profit, he___stay in the guitar business because the economic profit he would earn as an accountant would be___.
Answer:
The wholesale cost for the guitars that Charles pays the manufacturer - Explicit Cost
The wages and utility bills that Charles pays. - Explicit Cost
The salary Charles could earn if he worked as an accountant. - Implicit Cost
The rental income Charles could receive if he chose to rent
out his showroom - Implicit Cost
$14000
$-9000
should not
$6,000
Explanation:
Accounting profit= total revenue - explicit cost
Total revenue =price x quantity sold
Explicit cost includes the amount expended in running the business.
They include rent , salary and cost of raw materials
$704,000 - ($404,000 + $286,000) = $14000
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Implicit costs = 20,000 + 3000 = 23,000
14,000 - 23,000 = -9000
A business school has 15 full-time faculty and seven of them have tenure. A random sample of six faculty are randomly selected to form a committee. What is the probability that exactly three of the faculty on the committee have tenure?
The probability where exactly three of the faculty have tenure is 0.3916.
The computation of the probability where exactly three of the faculty have tenure is given below:
Since there are 6 faculty from 15 should be chosen so it should be [tex]^{15}C_6[/tex]
Now there are 3 faculty from 7 should be chosen so it should be [tex]^{7}C_3[/tex]
Now the probability is
[tex]= \frac{^7C_3 \times ^8C_3}{^{15}C_6}[/tex]
= 0.3916
Therefore we can conclude that the probability where exactly three of the faculty have tenure is 0.3916.
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Repetitive sequences of activities that express and reinforce the key values of the
organization, identify important goals and people are referred to as
A) rituals.
B) stories.
C) material symbols.
D) cultural typologies.
Repetitive sequences of activities that express and reinforce the key values of the organization, identify important goals and people are referred to as A) rituals.
For an organization, these rituals are called organizational rituals.
Organizational rituals are repetitive activities and behaviors which an employee is expected to undertake in the organization because these activities and behaviors demand clear performance.
As standardized or predictable behaviors and activities, organizational rituals are required to be performed by all employees in order to perpetuate the values that the organization has accepted as means of achieving its goals.
Organizational rituals align an individual employee with others in the organization, thereby creating a shared experience and a sense of common identity that ensure the organization's survival.
Thus, rituals help to ensure that an organization is maintained for its mission.
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What are products that consumers had not planned to buy but are persuaded to buy at the very last minute to pick up and put in
their trolley or basket.
A
Staple products
B
o
Impulse products
С
Emergency products
D
0
Specialty
Answer:
A new coffee shop is being built. Its location is the reflection of the arcade's coordinates across
the y-axis. Which procedure will find the correct distance between the arcade and the new coffee shop
The products that consumers had not planned to buy but are persuaded to buy at the very last minute to pick up and put in are called Impulse products. Therefore, option B is correct.
What are the Impulse products?The term "Impulse products" generally refers to consumer products that are purchased on a whim, often at the point of sale, without much prior planning or consideration. These products are typically low-cost, easily consumable, and marketed in a way that appeals to consumers' emotions or desires in the moment.
Examples of Impulse products can include candy, gum, magazines, small accessories, and other items that are often found near the cash register in stores. These products are often placed in prominent displays or packaging designed to catch the shopper's eye and generate an impulse purchase.
In addition to traditional retail settings, Impulse products can also be sold online or through mobile apps, where they may be advertised as "flash sales," limited-time offers, or one-time deals that create a sense of urgency and encourage immediate action.
Overall, Impulse products can be a lucrative sales category for retailers, as they capitalize on the emotional and spontaneous nature of consumer behavior.
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Why My LinkedIn Lead Generation Is Failing?
Answer:
Your LinkedIn lead generation is failing due to the following mistakes:
Mistake 1. Not Choosing the Right LinkedIn Automation ToolMistake 2. Sending and Sharing Self-Promotional ContentMistake 3. Not Personalizing ContentMistake 4. Not Segmenting LeadsMistake 5. Not sending Follow-UpsMistake 6. Not Paying Attention To StatsThere are tons of big and small mistakes that marketers make when it comes to LinkedIn lead generation. However, the worst thing is to not learn from those mistakes and keep repeating the mistakes.
Long-term disability insurance _____. a. pays for temporary living expenses and moving expenses incurred by disabled employees b. pays a flat fee for a fixed number of hours of legal assistance each month for disabled employees c. provides continuing income protection for employees who become disabled and are unable to work
Answer: c. provides continuing income protection for employees who become disabled and are unable to work
Explanation:
Disability insurance is very helpful to people who get injured on the job and so are unable to work. The insurance would provide them with an income for a time so that they do not become destitute.
There are different types of disability insurance with varying lengths and long-term disability insurance is one of them. This one provides income protection for a longer time period and is very useful when the injury in question is quite serious or permanently disables the affected person.
The records of Pippins, Inc., included the following information: Net sales $ 1,000,000 Gross margin 475,000 Interest expense 50,000 Income tax expense 80,000 Net income 240,000 Compute the times interest earned ratio, rounded to the nearest decimal.
Answer:
the times interest earned ratio is 7.4 times
Explanation:
The computation of the times interest earned ratio is given below/;
Times interest earned ratio is
= EBIT ÷ interest expense
where
EBIT = Net Income + Interest Expense + Income tax Expense
= 240,000 + 50,000 + 80,000
= 370,000
Now the times interest earned ratio is
= $370,000 ÷ $50,000
= 7.4 times
Hence, the times interest earned ratio is 7.4 times
Trimble Graphic Design receives $1,500 from a client billed in a previous month for services provided.
Which of the following general journal entries will Trimble Graphic Design make to record this transaction?
a. Cash 1,500
Accounts Receivable 1,500
b. Cash 1,500
Unearned Design Revenue 1,500
c. Accounts Receivable 1,500
Unearned Design Revenue 1,500
d. Cash 1,500
Design Revenue 1,500
e. Accounts Receivable 1,500
Cash 1,500
Answer:
A
Explanation:
Debit Cash 2,200; Credit Accounts Receivable 2,200
The three goals of executive compensation are to align management’s interest with the shareholders, to keep management from leaving in bad times, and to refrain from giving too much of shareholder profits to management.
a. True
b. False
Sheridan Company just began business and made the following four inventory purchases in June: June 1 144 units $ 952 June 10 184 units 1472 June 15 184 units 1564 June 28 144 units 1296 $ 5284 A physical count of merchandise inventory on June 30 reveals that there are 194 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is
Answer:
$210,688
Explanation:
The LIFO method of accounting for inventory involves issuing the last items purchased first and those purchased first are issued last hence the acronym LIFO which means last in first out
Given that June 1 144 units $ 952 June 10 184 units 1472 June 15 184 units 1564 June 28 144 units 1296 $ 5284 A physical count of merchandise inventory on June 30 reveals that there are 194 units on hand
Total number purchased during the month
= 144 + 184 + 184 + 144
= 656 units
Using the last in first out method, the 194 units left at the end would be made up of the 144 units purchased on June 1 and 50 units purchased on 10 June hence the amount allocated to ending inventory for June is
= 144 * $952 + 50 * $1472
= $210,688
1. Managerial Internal (Inside) accounting information reports are generally prepared for A) Stockholders or Shareholders B) Creditors, Lenders, or Banks C) Managers. D) Regulatory Agencies, like the IRS or SEC
Answer:
C) Managers
Explanation:
Managerial accounting is the accounting that concern with the information received via financial accounting inside the organization. The accouting reports that could be applied for planning, decision making and measuring the performance of the company
So if the managerial accounting information reports are prepared internally so it is for the managers to analyze the overall performance of the organization
Hence, the option c is correct
The following information is available for a company's cost of sales over the last five months. Month Units sold Cost of sales January 470 $ 33,800 February 870 $ 40,500 March 1,950 $ 52,500 April 2,470 $ 64,500 Using the high-low method, the estimated total fixed cost is: Multiple Choice $26,586. $106,344. $53,172. $17,533. $30,700.
TC Units
$64,500 (High) 2,470
} $30,700 } 2000
$33,800( Low) 470
VC per Unit = 30 700 ÷ 2000 = $15.35
when 470 units are sold,( substitute vc per unit = 15.35)
TC = FC + VC
33, 800 = FC + ( 15.35× 470)
FC = $ 26 586
explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility and triple bottom line
When people loot shops it shows that they are irresponsible and it goes on to destroy the image of the society they live, destroys a business by taking away their means of making profit.
Social responsibility can be described as the civic and ethical duties that citizens of a country owe to the nation they live.
The three bottom principle has the profit, people and the planet. The looting of shops draws a line between consumers relationships and their social responsibility.
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ABC Manufacturing allocates overhead based on direct labor hours. You are given the following information for 2020:
Budget: Budgeted overhead $2,000, budgeted direct labor hours: 1,000
Actual: Actual overhead was $3,000, actual direct labor hours worked: 1,200
Overhead for 2020 was:_______.
a. Underapplied by $1,000
b. Underapplied by $600
c. Overapplied by $1,000
d. Overapplied by $600
Answer:
c. Overapplied by $1,000
Explanation:
Given that budgeted overhead is $2000 and actual overhead is $3000, overhead is overapplied or in excess(deficit) of overhead budget by $1000. If actual overhead were to be lower than budgeted overhead, overhead would be under applied or we would have a surplus of $1000(if budgeted overhead is $3000 and actual overhead is $1000 for example).
Smith Construction,Inc.just paid a $2.78 dividend.The dividend is expected to grow by 4% each year for the next three years.After that the company will never pay another dividend ever again.If your required return on the stock investment is 10%,what should the stock sell for today?
A) $7.46
B) $28.91
C) $46.33
D) $15.63
Answer:
A) $7.46
Explanation:
The computation of the stock sell for today is given below:
D1 = 2.78 × (1.04)
= 2.89
D2 = 2.89 × (1.04)
= 3.01
D3 = 3.01 × (1.04) = 3.13
Now the price of the stock is
= 2.89 ÷ (1.1) + 3.01 ÷ (1.1)^2 + 3.13 ÷ (1.1)^3
= $7.46
hence, the correct option is a.
The same should be considered and relevant
price strategy of aquafina
You are considering acquiring a common stock that you would like to hold for one year. You expect to receive both $1.25 in dividends and $32 from the sale of the stock at the end of the year. The maximum price you would pay for the stock today is _____ if you wanted to earn at least a 10% return. A. $30.23 B. $24.11 C. $26.52 D. $27.50 E. None of the options are correct.
One large bakery still receives flour in 25-pound bags from their own company's warehouse. They use an average of 5500 bags a year. The production step that uses these bags use 35 bags per day while the usage is 16 bags per day. It costs $12.00 to configure the machines for each run. Annual carrying costs are $7.50 per bag. What will be their average number of bags on hand if they request the EPQ bags in each order
Answer:
48.87 bags
Explanation:
First, we need to calculate the EPQ as follow
EPQ = [tex]\sqrt{\frac{2 D S }{H(1-d/p)}}[/tex]
Where
D = Annual Demand = 5500
S = Setup cost = $12
H = Carrying cost = $7.5
d = Daily usage = 16
p = Daily production = 35
Placing value sinthe formula
EPQ = [tex]\sqrt{\frac{2 X 5500 X 12 }{7.5(1-16/35)}}[/tex]
EPQ = [tex]\sqrt{\frac{132000 }{4.07142857}}[/tex]
EPQ = [tex]\sqrt{32421.05}[/tex]
EPQ = 180.06
Now Calculate the average number of bags in hand as follow
Average Number of Bags = [tex]\frac{EPQ}{2} X ( 1 - d/p )\\[/tex]
Placing values in the formula
Average Number of Bags = [tex]\frac{180.06}{2} X ( 1 - 16/35 )\\[/tex]
Average Number of Bags = 48.87
All of the following are anticipated effects of a proposed project. Which of these should be considered when computing the cash flow for the final year of the project? Operating cash flow and salvage values only Salvage values and net working capital recovery only Operating cash flow, net working capital recovery, salvage values Net working capital recovery and operating cash flow only Operating cash flow only
Answer: Operating cash flow, net working capital recovery, salvage values
Explanation:
The anticipated effects of a proposed project that should be considered when computing the cash flow for the final year of the project include the operating cash flow, net working capital recovery, and the salvage values.
It should be noted that the operating cash flows which consist of the net income and the non cash expenses with the salvage value and the redemption of working capital are all included during the computation of the cash flow for the final year of the project.
The parts can be purchased from an outside supplier for only $28 each. The space in which the parts are now produced would be idle and fixed production costs would be reduced by one-fourth. If the parts are purchased from the outside supplier, the annual impact on the company's operating income will be:________
a) $24,000 increase
b) $24,000 decrease
c) $56,000 increase
d) $56,000 decrease
Answer:
d) $56,000 decrease
Explanation:
In the case when parts are produced by sharp corporation
Given that
Total cost per unit = $36
Total cost = Total cost per unit × parts
= $36 × 8,000
= $288,000
Now
If the parts are Purchased by the outside supplier, fixed costs decreased by one-fourth.
So, three-fourth fixed costs should be incurred.
Now
Total cost per unit = Purchase Price + three - fourth fixed costs
= $28 + (3 ÷4) × $20
= $28 + $15
= $43
Now
Total cost = $43 × 8,000
= $344,000
So, the operating income is
= $288,000 - $344,000
= $56,000 decrease
Kelly, a human resource specialist, has been asked to investigate complaints that an employee is bullying co-workers. Kelly is obligated to protect this employee's privacy by ensuring that any information gathered is relevant to the complaint.
a. True
b. Falsebu
Paris Summer 20 Company sells small laptops. Based on the information below, calculate the Break even point in sales dollars for the year.
Selling price per unit $150
Variable cost per unit $60
Fixed Costs per year $21,000
Answer:
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Explanation:
A consol is a bond that: a. Pays a fixed annual coupon amount, and when originally issued, is set to mature in 30 years. b. Pays a fixed annual coupon amount, and when originally issued, is set to mature in 50 years. c. Does not pay an annual co
Complete Question:
A consol is a bond that:
a. Pays a fixed annual coupon amount, and when originally issued, is set to mature in 30 years.
b. Pays a fixed annual coupon amount, and when originally issued, is set to mature in 50 years.
c. Does not pay an annual coupon (i.e., the annual coupon payment is $0) but when it matures pays out the par value of the bond.
d. Does not pay an annual coupon (i.e., the annual coupon payment is $0) and never matures.
e. Pays a fixed annual coupon amount forever.
Answer:
A consol is a bond that:
e. Pays a fixed annual coupon amount forever.
Explanation:
This debt instrument issued by the government does not have any scheduled date for the return of principal, but it pays perpetual interest payments without any maturity date. It is a perpetual annuity. The government determines when to repay the principal if it so chooses. This implies that the holders continue to receive annual interests.
The management of Fuzzy Button Clothing Company controls 58% of the company's stock. The firm did not meet any of its quarterly sales projections for the last year. Some of the firm's institutional investors are worried that the firm's poor performance is partly because management has not been focused on maximizing shareholder wealth. Which of the following measures would the institutional investors most likely want to see implemented?
A. They would like to see the size of the board of directors increased, because larger boards usually implement a higher degree of corporate governance.
B. They would like to see that the company has an interlocking board of directors with one of the company's strategic partners
C. They would like to see that the majority of the company's board of directors is composed of true outsiders.
It is reasonable to assume that a firm's management is going to be ultimately motivated to act in their own best interest. It can be a serious problem for shareholders if management's self-interests do not align with shareholders' self-interests. Select the statement that best describes the board of directors' actions in the following scenario:
Happy Lion Manufacturing Inc. currently has $1.1 billion in cash on its balance sheet. The CFO thinks the firm will need $600 million in cash to finance operations for the next year. The CFO has recommended that the firm keep the excess cash in a marketable securities portfolio to allow for unexpected costs. However, the board of directors has decided that the firm will pay this money out to the shareholders in the form of a cash dividend.
D. The board's decision will give management the incentive to make decisions that are not in the shareholders' best interest.
E. The board's decision will help align management's interests with the shareholders' interests.
F. The board's decision is extremely risky and not very practical Flash Player WIN 32,0,0.387
Answer:
Fuzzy Button Clothing Company
1. The measure that the institutional investors would most likely want to see implemented is:
C. They would like to see that the majority of the company's board of directors is composed of true outsiders.
Happy Lion Manufacturing Inc.
2. The statement that best describes the board of directors' actions in the following scenario is:
E. The board's decision will help align management's interests with the shareholders' interests.
Explanation:
a) Data and Calculations:
Fuzzy Button Clothing Company
Management control = 58%
Institutional and other stockholders = 42% (100% - 58%)
Happy Lion Manufacturing Inc.
Cash on its balance sheet = $1.1 billion
Cash needed to finance operations next year = $600 million
Excess cash = $500 million ($1.1 billion Minus $600 million)
CFO's recommendation = keep excess cash in a marketable securities for unexpected costs
Board of directors' decision = pay the excess out to the shareholders in the form of a cash dividend.
TRUE OR FALSE ? WHY ? HELP ME
7. The best measure of the opportunity cost of holding money is the real interest rate.
8. The enactment of the minimum wage law can lead to unemployment according to the classical theory.
9. The increase or decrease in inventory is always within the expectation of enterprises.
7. True
8. False
9. False
Must click thanks and mark brainliest
Sorry if wrong.
You are the manager of Black Spot Computers, which competes directly with Condensed Computers to sell high-powered computers to businesses. From the two businesses’ perspectives, the two products are indistinguishable. The large investment required to build production facilities prohibits other firms from entering this market, and existing firms operate under the assumption that the rival will hold output constant. The inverse market demand for computers is P = 5,900 − Q, and both firms produce at a marginal cost of $800 per computer. Currently, BlackSpot earns revenues of $4.25 million and profits (net of investment, R&D, and other fixed costs) of $890,000. The engineering department at Black Spot has been steadily working on developing an assembly method that would dramatically reduce the marginal cost of producing these high-powered computers and has found a process that allows it to manufacture each computer at a marginal cost of $500. How will this technological advance impact your production and pricing plans? How will it impact Black Spot’s bottom
Pick the correct statement related to net working capital from below. Multiple Choice Net working capital can be ignored in project analysis because any expenditure is normally recouped at the end of the project. Net working capital requirements, such as an increase in accounts receivable, create a cash inflow at the beginning of a project. Net working capital is rarely affected when a new product is introduced. Net working capital can create either an initial cash inflow or outflow. Net working capital is the only expenditure where at least a partial recovery can be made at the end of a project.
Answer:
Net working capital is the only expenditure where at least a partial recovery can be made at the end of a project.
Explanation:
Net working capital is the difference between current assets and current liabilities. Net working capital measures a company's liquidity.
In project analysis, net working capital is part of the cost. It is usually subtracted from cash inflows.
Net working capital is a cash outflow.
Net working capital is the only expenditure where at least a partial recovery can be made at the end of a project.
Dobles Corporation has provided the following data from its activity-based costing system:
Activity Cost Pool Total Cost Total Activity
Assembly $228,060 18,000 mahcine hours
Processing orders $34,068 1200 orders
Inspection $125560 1720 inspection hours
The company makes 420 units of product D28K a year, requiring a total of 460 machine-hours, 80 orders, and 10 inspection-hours per year. The product's direct materials cost is $48.96 per unit and its direct labor cost is $25.36 per unit.
According to the activity-based costing system, the unit product cost of product D28K is closest to:
a. $95.34 per unit
b. $93.60 per unit
c. $74.32 per unit
d. $89.93 per unit
Answer:
Hence the correct option is option (a) i.e. $95.34 per unit.
Explanation:
Cost of 420 units of D28K product = 460 machine hour cost + 80 order cost + 10 inspection hour cost + 420 direct materials cost + 420 direct labor cost.
18000 machine hours = 228060
so 460 machine hours = 228060 x 460 /18000 = 5828.2
1200 orders = 34068
80 orders = 80 x 34068 / 1200 = 2271.2
1720 inspection hours = 125560
10 inspection hours = 10 x 125560/1720 = 730
So cost of 420 units of D28 products = 5828.2 + 2271.2 + 730 + 420 x 48.96 + 420 x 25.36
=40043.8
So cost of 1 D28K product = 40043.8 / 420 = 95.34
Acoma Co. has identified one of its cost pools to be quality control and has assigned $140,400 to that pool. Number of inspections has been chosen as the cost driver for this pool; Acoma performs 30,000 inspections annually. Suppose Acoma manufactures two products that consume 12,600 (Product 1) and 17,400 (Product 2) inspections each.
Assume that Acoma manufacturers only the two products mentioned and they consume 100 percent of the company’s quality inspections. Using activity proportions, determine how much quality control cost will be assigned to each of Acoma’s product lines.
Answer:
Acoma Co.
Product 1 Product 2
Quality control cost assigned $58,968 $81,432
Explanation:
a) Data and Calculations:
Cost of quality control = $140,400
Number of annual inspections = 30,000
Cost per inspection = $4.68 ($140,400/30,000)
Product 1 Product 2 Total
Number of inspections 12,600 17,400 30,000
Proportion of inspections 42% 58% 100%
Quality control cost assigned $58,968 $81,432 $140,400
($4.68 * 12,600) ($4.68 * 17,400)
(42% * $140,400) (52% * $140,400)
