The purchase price and all costs to bring an asset to its desired condition and location for use should be capitalized.
This means that the costs are added to the cost of the asset and recognized as an asset on the company's balance sheet, rather than being recognized as an immediate expense on the company's income statement. By capitalizing these costs, the company can more accurately reflect the total cost of acquiring and preparing the asset for use over its useful life.
What is balance sheet?
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It shows the company's assets, liabilities, and equity, and provides information about how the company's resources are financed.
On a balance sheet, assets are what the company owns, such as cash, inventory, property, and equipment. Liabilities are what the company owes to others, such as loans, accounts payable, and accrued expenses.
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Complete question is: The purchase price and all costs to bring an asset to its desired condition and location for use should be capitalized.
FILL IN THE BLANK. ____Refers to segmenting markets by region of a country or the world, market size, market density, or climate. A) Geographic segmentation B) Benefit segmentation C) Demographic segmentation D) Usage-rate segmentation
Geographic segmentation Refers to segmenting markets by region of a country or the world, market size, market density, or climate. Option A).
Geographic segmentation is a component that effectively complements a marketing strategy by targeting items or services based on where their buyers live. The division of nations, states, regions, cities, colleges, or areas is done to better understand the audience and promote a product/service to them.
What is a geographical description example?The Arctic Ocean, for example, is completely covered in snow and ice. In the winter, practically the whole Arctic Ocean is covered with sea ice. The quantity of sea ice melts in the summer. In the winter, for example, the sea ice extent is 14 million square kilometers.
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fill in the blank. ___ is a small data warehouse designed for a strategic business unit or in a department that does not rely on the data warehouse for its content.
A Data Mart is a condensed model of Data Warehouse and is designed for use via a particular department, unit or set of users in an organization. E.g., Marketing, Sales, HR or finance. It is often controlled by a single branch in an organization.
What is a small information warehouse called?A facts mart is a subset of a statistics warehouse centered on a unique line of business, department, or challenge area. Data marts make specific data on hand to a defined team of users, which lets in those customers to shortly get right of entry to vital insights besides wasting time looking via an entire facts warehouse.
An alternative being used by using many companies is to create a decrease cost, scaled-down version of the statistics warehouse known as the "data mart." A statistics mart is a small warehouse designed for the strategic business unit (SBU) or branch level.
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https://brainly.com/question/26771965#SPJ1which of the following describes the location where an administrator would terminate a bundle of cat5e cables?
The location where an administrator would terminate a bundle of CAT5e cables is the D. Patch panel.
The patch panel is a device that receives cables from a network or server room and then relays them to their respective ports for users in other areas of a building or complex. The back of the panel includes a series of ports or slots, which are typically numbered or labeled . Each port is connected to a cable that runs through the building, and a small metal spring-loaded lever known as a punch-down tool is used to connect the wire from the incoming cable to the port.
Once a wire has been attached to a port, it is very unlikely to come loose unless someone deliberately pulls on it. Patch panels are often used in telecommunications rooms to connect the network equipment to cables that run to different locations throughout a building or campus. In addition, they can also be used to connect servers in a server room or data center to other equipment or devices on the network. Patch panels come in various types, including unshielded twisted pair (UTP) and fiber optic patch panels, and are typically used in conjunction with switches or routers. Therefore the correct option is D
The Question was Incomplete, Find the full content below :
Which of the following describes the location where an administrator would terminate a bundle of CAT5e cables?
A. Switch
B. Smart jack
C. Router
D. Patch panel
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Select all that apply Which of the following items are found above the contribution margin on a contribution margin format income statement? Fixed expenses Variable expenses O Sales Net operating income
The following items are found above the contribution margin on a contribution margin format income statement: Fixed expenses Variable expenses Sales
An income statement is a financial statement that depicts an organization's revenues and expenditures over a certain period of time.
A contribution margin income statement is one in which fixed and variable costs are deducted from sales to determine the contribution margin. The contribution margin is then used to pay for fixed expenses and net operating income. To make an income statement, follow these steps:
Start with sales: To begin your revenue section of your statement, begin with sales. The sales portion of the revenue section should list the total value of goods or services sold for the period being reported.
Deduct the cost of goods sold:
Next, deduct the cost of goods sold. This covers the cost of goods or services sold during the accounting period being reported. The gross margin is the difference between sales and the cost of goods sold. Deduct variable expenses:
After calculating gross margin, subtract variable expenses. These are costs that change with sales volume. Deduct fixed expenses:
Subtract the fixed costs from the total. These are expenses that do not change with sales volume. Calculate net operating income:
After deducting fixed expenses, calculate the net operating income.
This is the money you have left over after paying all of your costs.
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Which of the following is not a reason for the downward slide in the number of employees working for self-employed businesses? a) desire over control of one's career b) difficulty in finding qualified employees c) gig economy employment d) outsourcing activities
The right response is A- which favors desire over career management. The decline in the number of employees working for self-employed businesses is not due to a desire for career control.
Demand in economics refers to a consumer's willingness and desire to purchase products and services at a specific price. When the price of a good or service increases, demand often decreases.
Demand is the consumer's immediate need to purchase goods and services and pay the corresponding price. Demand is the quantity of goods that consumers are prepared and willing to buy at different prices within a certain time frame.
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Building production capacity in locations outside of Europe can threaten ________, an issue typically raised when investing in China.
European economic risk
intellectual property rights protection
European investment potential
balance of trade
Building production capacity in locations outside of Europe can threaten intellectual property rights protection, an issue typically raised when investing in China.
Intellectual property rights protection refers to the legal rights granted to a creator or owner of a work or invention, which usually includes patents, trademarks, and copyright. Building production capacity in locations outside of Europe can threaten IPR protection, an issue typically raised when investing in China.
If a company builds production capacity outside of Europe, the company may face risks associated with intellectual property rights protection in the new country. This could include the risk that local companies may copy the company's inventions without permission, or that the company's trademarks and patents may not be enforceable in the new country.
In addition to intellectual property rights protection, European companies may also face other risks when building production capacity outside of Europe. These can include currency risks, legal risks, political risks, balance of trade issues, and cultural risks.
Currency risks include the risk that changes in exchange rates could cause a company to lose money. Legal risks include the risk that the company may be subject to different laws than in its home country. Political risks include the risk that a government may interfere with a company's business operations or limit access to certain markets.
Balance of trade issues include the risk that goods produced in the new country may take business away from goods produced in Europe. Finally, cultural risks include the risk that the company may not be able to properly adapt its goods or services to the local culture.
Overall, European companies building production capacity outside of Europe can face a range of risks, including those associated with intellectual property rights protection. Companies should consider these risks carefully and develop strategies to mitigate them in order to ensure a successful transition.
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If a broker-dealer executes a short sale in its investment account, it may borrow the shares from all of the following EXCEPT
The following, with the exception of a customer's cash account, are the sources from which a broker-dealer may borrow shares when it completes a short sale inside its investment account.
By the customer's cash account, what do you mean?In a cash account, the user must pay the entire price for any securities they wish to purchase. A cash account holder is prohibited from borrowing money from their broker-dealer to cover transactions made in the account. Cash books, or account balances where all money transactions are recorded, are another name for cash accounts, which are used in accounting.
Complete Question : All of the following, WITH THE EXCEPTION of a customer's cash account, may be used by a broker-dealer to borrow shares in the event that it completes a short sale in its investment account.
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the effects of the fifo accounting method on inventory valuation is during a period of sharply rising prices is
The effect of the FIFO accounting method on inventory valuation during a period of sharply rising prices.
The FIFO (first-in, first-out) inventory accounting method is one of the most common inventory valuation approaches in use.
In this method, the cost of goods sold is calculated by assuming that the oldest inventory items are sold first, and the newest inventory items are sold last. It is widely used because it is straightforward and easy to understand. However, during periods of sharply rising prices, this method can have a significant impact on inventory valuation.
Inventory valuation is the process of determining the cost of inventory that a business owns. This cost is used to determine the value of the inventory on the balance sheet, as well as the cost of goods sold on the income statement. During periods of rising prices, the cost of inventory items can increase dramatically.
As a result, the value of inventory on the balance sheet can be much higher than it would be if the prices had remained stable. This can be problematic for businesses that use the FIFO method because it assumes that the oldest inventory items are sold first.
As a result, the cost of goods sold can be significantly lower than it would be if the newest inventory items were sold first.
This can result in higher profits and lower taxes, but it can also result in misleading financial statements.To conclude, the FIFO accounting method has a significant impact on inventory valuation during periods of sharply rising prices. The cost of goods sold can be significantly lower, resulting in higher profits and lower taxes.
However, this can result in misleading financial statements, and it is important for businesses to carefully consider the impact of rising prices on their inventory valuation.
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which ot the following is considered a money market instrument / asset treasury notes commercial paper municipal bonds corporate bonds
All of the listed instruments are considered money market instruments or assets and can be used for a variety of reasons.
The answer to this question is that all of the listed instruments are considered money market instruments or assets. Treasury notes are debt securities issued by the U.S. Department of the Treasury that have maturities of one year or less. They are used to raise funds to finance the federal government’s activities.
Commercial paper is a short-term unsecured promissory note with a maturity of up to 270 days issued by corporations. It is used to meet short-term liquidity needs.
Municipal bonds are debt instruments issued by state and local governments to finance public projects, such as building infrastructure or funding education.
Corporate bonds are debt instruments issued by companies to raise funds for a variety of reasons, such as expanding operations, financing research and development, or repaying existing debt.
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TRUE/FALSE. as the size of the recording medium increases, given a constant field of view, the depth of field decreases.
As the size of the recording medium increases, given a constant field of view, the depth of field decreases. FALSE.
Depth of field refers to the area in front of and behind the focused subject that appears acceptably sharp in an image. The larger the recording medium, such as a full-frame sensor or medium format camera, the shallower the depth of field becomes when the other factors, such as aperture, focal length, and subject distance, are kept constant.
This is because a larger recording medium requires a longer focal length or a closer subject distance to maintain the same field of view, which in turn narrows the depth of field.
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According to ________, various economic classes have different degrees of power when it comes to who can make and enforce laws in society.a. C. Wright Millsb. Karl Marxc. Robert Mertond. Emile Durkheim
Different economic strata have varying degrees of authority when it comes to who may enact and enforce rules in society, according to C. Wright Mills.
American sociologist C. Wright Mills is credited with creating the idea of the power elite. The power elite, in Mills' view, consists of a small number of individuals who control a disproportionate amount of social power. Leaders from the political, economic, and military spheres collaborate to reshape society in accordance with their goals.
Mills held that the power elite acted covertly, using their clout to sway public opinion, enact and uphold laws, and affect the direction of society. He maintained that different economic classes have varying degrees of influence on who may enact and uphold social laws.
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ceteris paribus, which of the following is most likely to cause a decrease in the supply of strawberries?
Some strawberry producers leave the market and start producing kiwi.
Which of the following will extend the quantity furnished of a product ceteris paribus?Price and the Supply Curve
Ceteris paribus, the receipt of a greater rate increases income and induces marketers to enlarge the volume they supply.
Economists say the law of demand demonstrates that ceteris paribus, more items have a tendency to be bought at lower prices. Or that, if demand for any given product exceeds the product's supply, ceteris paribus, expenses will in all likelihood rise. In this situation, the rate of an item is the only variable that must change.
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https://brainly.com/question/868746#SPJ1The product life cycle presents challenges. Which of the following is LEAST likely torequire a company to adapt its marketing strategies?A) developments in technologyB) decreased manufacturing costsC) competitionD) changing tastes of consumersE) aging of products
B) A corporation is least likely to need to modify its marketing methods in response to decreased manufacturing costs.
Reduced manufacturing costs can have an impact on a firm's pricing strategy, although they normally do not necessitate significant modifications to the marketing plans of the company. On the other hand, changes in consumer preferences brought on by competition, aging products, and technological advancements can all have a big impact on a company's marketing tactics and necessitate adaptation in order to remain competitive in the market. The features of the stage in PLC include high costs, the need to generate demand, the need to encourage buyers to try the product, delayed sales volume starts, and the inability to generate revenue at this stage.
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multiple choice question more than 93 percent of all blank are distributed as freestanding inserts in newspapers.
More than 93 percent of all Coupons are distributed as freestanding inserts in newspapers. Therefore the correct option is option B.
A coupon is a document or a ticket that can be used to get a financial discount or rebate when buying a product. Customarily, coupons are delivered to consumers via mail, magazines, newspapers, and the internet.
Coupons are a promotional tool used by companies to increase sales, and they can be a cost-effective way to draw new customers.
Coupons encourage repeat purchases, as well as customer loyalty, and are frequently used in stores, restaurants, and other retail establishments, as well as online shopping. Therefore the correct option is option B.
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The following question may be like this:
More than 93 percent of all ______ are distributed as freestanding inserts in newspapers.
A. rebates
B. coupons
C. premiums
D. samples
38. Which of the following procedures most likely would give the greatest assurance that securities held as investments are safeguarded?
A. There is no access to securities between the year-end and the date of the auditor's security count.
B. Proceeds from the sale of investments are received by an employee who does not have access to
securities.
C. Investment acquisitions are authorized by a member of the Board of Directors before execution.
D. Access to securities requires the presence of two designated officials.
The procedure that would most likely give the greatest assurance that securities held as investments are safeguarded is D. Access to securities requires the presence of two designated officials.
The company's responsibility is to protect and secure its investment and securities. Therefore, safeguarding the investment is a priority of the company. Securities held as investments require the use of control procedures to protect them. Such measures should not only protect investments from theft or loss but should also ensure that they are not subject to illegal transactions. Access to securities requires the presence of two designated officials. This procedure will ensure that no unauthorized person has access to the securities held as investments.
The procedure of having two designated officials should cover the holding area and the securities in the investment record. Thus, it will give the greatest assurance that securities held as investments are safeguarded. Access to securities held as investments should be protected by employing certain control procedures. These procedures include the requirement of two designated officials.
This ensures that no unauthorized person can access the securities held as investments. It also protects the securities from theft, fraud, or any other illegal transactions. Access to securities requires the presence of two designated officials, which is the procedure that would most likely give the greatest assurance that securities held as investments are safeguarded. Therefore the correct option is D.
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Following are the merchandising transactions for Dollar Store Nov. 1 Dollar store purchases merchandise for $1,600 on terms of 2/5, n/30, FoB shipping point, invoice dated November 1. 5 Dollar Store pays cash for the November 1 purchase 7 Dollar Store discovers and returns $200 of defective merchandise purchased on November 1 and paid for on November 5 for a cash refund 10 Dollar Store pays $80 cash for transportation costs for the November 1 purchase 13 Dollar Store sells merchandise for $1,728 with terms n/30. The cost of the merchandise is $864. 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items. are priced at $290 and cost $145 the items were not damaged and were returned to inventory Journalize the above merchandising transactions for the Dollar Store assuming it uses a perpetual inventory system and the gross method
In the following question, among the various parts to solve on merchandising transactions for Dollar Store. the solution is as follows:
1. On November 1, Dollar Store purchases merchandise for $1,600 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1:
Debit: Inventory $1,600
Credit: Accounts Payable $1,600
2. On November 5, Dollar Store pays cash for the November 1 purchase:
Debit: Accounts Payable $1,600
Credit: Cash $1,600
3. On November 7, Dollar Store discovers and returns $200 of defective merchandise purchased on November 1 and paid for on November 5 for a cash refund:
Debit: Cash $200
Credit: Inventory $200
4. On November 10, Dollar Store pays $80 cash for transportation costs for the November 1 purchase:
Debit: Cash $80
Credit: Transportation Costs $80
5. On November 13, Dollar Store sells merchandise for $1,728 with terms n/30. The cost of the merchandise is $864:
Debit: Accounts Receivable $1,728
Credit: Sales Revenue $1,728
Debit: Cost of Goods Sold $864
Credit: Inventory $864
6. On November 16, Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $290 and cost $145 the items were not damaged and were returned to inventory:
Debit: Accounts Receivable $290
Credit: Sales Returns and Allowances $290
Debit: Inventory $145
Credit: Cost of Goods Sold $145
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Need help with the worksheet
1) Assuming the tuition per annum is $10,000, Jada will owe $21,200 in student loans by the time she graduate.
2) The starting salary for graphic designer and Accountant according to the directory at "My Next Move" are: $31, 310 and $47, 970 respectively
3) If she thinks she'll like both careers equally, she should consider majoring in Accounting, from a student debt perspective. This is because, she can still learn Graphic Design as an elective and earn higher when she graduates at a higher starting salary than a graphic designer. She can still do Graphic Design as a side hustle.
4) Other facts might she want to took up for each career before making a final decision are: Career prospects, growth opportunities etc
Growth opportunities refer to chances for professional development, advancement, and increased responsibilities in a job or career. Such opportunities can include promotions, lateral moves, cross-training, leadership development programs, continuing education and skill-building, and networking.
In the above analysis, the Accounting Carrer path offers a lot of Growth Opportunities such as:
Also starting with a higher salary will enable Jada pay off her student loan in time.
The computation for how mush Jada will owe by the time she graduates is given as follows;
Total debt = (Federal loans offered per year + private loans taken per year - EFC per year) x number of years in school + tuition per year x number of years in school
Total debt = ($5,500 + $4,200 - $4,200) x 4 + $10,000 x 4
Total debt = $21,200
Therefore, Jada will owe $21,200 by the time she graduates.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
To save on room board, decided to attend local state and live with her parents.
Financial aid offer offers her $5,500 per year in Federal loans
Expected family contribution (EFC) is $4200 per year
Neither she nor her family can afford $4200, yearly, so she plans
to take private student loans for that full amount
Trying to decide between two career tracks, both of which are offered by her college:
Graphic designer, because she's artistic and loves computersAccountant, because she's great at math and she's done job shadowing in this areaUses the directory at My Next Move to look up the staring salaries for the positions she is interested in. (For the purpose of this activity, assume lowest salary is starting salary.)
1. How much will Jada owe in student loans by the time she graduates?
2. What's the starting salary for each career? (Tip: For each occupation, go to its page and scroll down to the Outlook box for salary information.)
3. If she thinks she'll like both careers equally, which should she consider majoring in, from a student debt perspective? Why?
4. What other facts might she want to took up for each career before making a final decision?
Mr. Kiwat borrowed GH¢200,000 from his bankers to buy his dream house. Repayment is over
4 years and first payment is due one year from hence. He will make equal payments to amortize
both the principal and interest, which is calculated on a reducing balance basis. The bank will
charge 5% above its current base rate of 20% per annum.
Required:
i. Calculate Mr Bruce’s annual payments
ii. Show a table on how the annual payment will liquidate the loan and interest.
Answer:
Mr. Kiwat borrowed GH¢200,000 from his bankers to buy his dream house. Repayment is over
4 years and first payment is due one year from hence. He will make equal payments to amortize
both the principal and interest, which is calculated on a reducing balance basis. The bank will
charge 5% above its current base rate of 20% per annum.
Required:
i. Calculate Mr Bruce’s annual payments
ii. Show a table on how the annual payment will liquidate the loan and interest.
Explanation:
i. To calculate Mr. Kiwat's annual payments, we first need to determine the total amount of interest he will pay over the 4-year period.
The bank's current base rate is 20%, and they are charging 5% above that, which means Mr. Kiwat's interest rate is 25% per annum. The loan amount is GH¢200,000, and it will be repaid over 4 years, so the total interest paid will be:
Total interest = loan amount x interest rate x time
Total interest = GH¢200,000 x 0.25 x 4
Total interest = GH¢200,000
Therefore, the total amount Mr. Kiwat will pay over the 4-year period is GH¢400,000 (GH¢200,000 for the loan amount and GH¢200,000 for the interest).
To calculate his annual payments, we divide the total amount by the number of years:
Annual payment = total amount / number of years
Annual payment = GH¢400,000 / 4
Annual payment = GH¢100,000
Therefore, Mr. Kiwat's annual payments will be GH¢100,000.
ii. Here is a table showing how Mr. Kiwat's annual payments will be applied to the loan and interest:
Year Beginning balance Payment Interest Principal Ending balance
1 GH¢200,000 GH¢100,000 GH¢50,000 GH¢50,000 GH¢150,000
2 GH¢150,000 GH¢100,000 GH¢37,500 GH¢62,500 GH¢87,500
3 GH¢87,500 GH¢100,000 GH¢21,875 GH¢78,125 GH¢9,375
4 GH¢9,375 GH¢100,000 GH¢2,344 GH¢97,656 0
In the first year, Mr. Kiwat will pay GH¢100,000, of which GH¢50,000 will be applied to the interest and GH¢50,000 to the principal. The ending balance for that year will be GH¢150,000.
In the second year, the beginning balance is GH¢150,000, and the payment is again GH¢100,000. However, the interest charged will be lower, as it is based on the reduced balance. The principal payment will be higher, as the interest payment is lower. The ending balance for that year will be GH¢87,500.
The same pattern continues for the third year, and by the fourth year, the remaining balance is only GH¢9,375, which is paid off with a final payment of GH¢100,000.
The total amount Mr. Kiwat will pay over the 4-year period is GH¢400,000 (GH¢200,000 for the loan amount and GH¢200,000 for the interest).
i. To calculate Mr. Kiwat's annual payments, first determine the total amount of interest that will be paid in the 4-year period.
Current base rate = 20%, and they are charging 5% above that, which amounts to an interest rate of 25% per annum.
The loan amount is GH¢200,000, and it will be repaid over 4 years.
Total interest = loan amount x interest rate x time
= GH¢200,000 x 0.25 x 4
= GH¢200,000
Mr. Kiwat will pay over the 4-year period GH¢200,000 for the loan amount and GH¢200,000 for the interest.
ii. Annual payment = total amount / number of years
= GH¢400,000 / 4
= GH¢100,000
Mr. Kiwat's annual payments will be GH¢100,000.
A table showing how Mr. Kiwat's annual payments will be applied to the loan and interest:
Year Beginning balance Payment Interest Principal Ending balance
1 GH¢200,000 GH¢100,000 GH¢50,000 GH¢50,000 GH¢150,000
2 GH¢150,000 GH¢100,000 GH¢37,500 GH¢62,500 GH¢87,500
3 GH¢87,500 GH¢100,000 GH¢21,875 GH¢78,125 GH¢9,375
4 GH¢9,375 GH¢100,000 GH¢2,344 GH¢97,656 0
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What structural changes must an organization undertake to switch from a product to a customer orientation? Should companies start investing in such structural changes
Answer:
To switch from a product to a customer orientation, companies must undertake structural changes that align with their new focus on customer management. Companies should invest in process harmonization, standardization, and formal IT-enabled workflows to make cross-functional and cross-unit coordination easier. Additionally, companies must adapt their organizational structure, goals, purpose, strategy, mission, and employee performance to align with the new customer orientation
Explanation:
Companies should consider the following structural changes:
Structural change: Companies must adapt their organizational structure to align with the new customer orientation. This includes changing the organization's hierarchy, chain of command, management systems, job structure, and administrative procedures.
Strategic change: Companies must make changes to the overall goals, purpose, strategy, or mission of the organization. This involves changing what products or services the company offers, the target customer segments or markets the company tries to reach, how the company distributes its products or services, its position in the global economy, and who it will partner with for manufacturers, distributors, and other logistical needs.
People changes: Companies must improve employee performance, skills, attitudes, behaviour, and loyalty to the organization, as well as enhance manager-subordinate relationships, group cohesion, and employee sense of achievement. This involves replacing all of the top-level managers in hopes of creating a new organizational culture, or small-scale changes such as working to change employee attitudes through things such as team building or other behavioral activities.
Process change: Companies must improve the overall workflow efficiency and productivity within an organization. This involves making changes to an organization's production operations, such as how it produces its products, how it delivers its services or how it handles everyday business practices.
The following selected accounts from the Blue Door Corporation's general ledger are presented below for the year ended December 31, 2017 $ 30,000 67,000 24,000 535,000 675,000 8,500 70,000 Sales returns and allowances1,000 2,400,000 55,000 Interest revenue Advertising expense Common stock Cost of goods sold Depreciation expense Dividends 250,000 Inventory 1,085,000 Rent revenue 125,000 Retained earnings 150,000 Salaries and wages expense 25,000 Sales discounts Income tax expense Insurance expense Interest expense 15,000 Sales revenue 70,000 Prepare a multiple-step income statement. BLUE DOOR CORPORATION Income
The multiple-step income statement for the Blue Door Corporation for the year ended December 31, 2017 is as follows: Net Sales of $2,470,000, Cost of Goods Sold of $1,620,000, Gross Profit of $850,000, Operating Expenses of $209,500, and Net Income of $640,500.
The multiple-step income statement for the Blue Door Corporation is presented below:
Net Sales: $70,000 + 2,400,000 = $2,470,000
Cost of Goods Sold: 535,000 + 1,085,000 = $1,620,000
Gross Profit: $2,470,000 - $1,620,000 = $850,000
Operating Expenses: Advertising Expense 67,000 + Salaries and Wages Expense 25,000 + Depreciation Expense 24,000 + Insurance Expense 8,500 + Interest Expense 15,000 + Income Tax Expense 70,000 = $209,500
Net Income: $850,000 - $209,500 = $640,500
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Calculating Activity Based Costing Overhead Rates
Activity-based costing (ABC) is a costing method that assigns overhead and indirect costs to related products and services. This accounting method of costing recognizes the relationship between costs, overhead activities, and manufactured products, assigning indirect costs to products less arbitrarily than traditional costing methods. However, some indirect costs, such as management and office staff salaries, are difficult to assign to a product.
What is an activity cost in activity-based costing?
Activity based costing (ABC) assigns manufacturing overhead costs to products in a more logical manner than the traditional approach of simply allocating costs on the basis of machine hours. Activity based costing first assigns costs to the activities that are the real cause of the overhead.
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Consider the following price (per unit) and output data for a hypothetical economy during a recent year. Price Output Pizzas $15 50 million Laptops $400 10 million Yachts $1 million 2000 The GDP for this economy is $____ million.
Take into account the output and pricing (per unit) information provided below for a fictional economy in a recent year. Pizzas Cost Output $15 50 Million Computers $400 $1,000,000 Yachts for $10,000,000 The GDP of this country in 2000 was $12,050 billion.
Which of the following is not taken into account while determining GDP?Which of the following approaches to calculating GDP is not one? Three methods—the income method, the spending method, and the product approach—are used to determine national income.
Which of the following is not taken into account while calculating GDP?GDP is a measure of all the products and services generated over the course of an economy. Hence, the response that is correct is the choice. B) imports b) imports b) imports b) imports.
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People's perception of _____ depends on their judgment that the consequences of a decision to employees are just.
A. employment at will
B. procedural justice
C. interactional justice
D. arbitration
E. outcome fairness
People's perception of outcome fairness depends on their judgment that the consequences of a decision to employees are just. option E is correct.
Outcome fairness is the perception that the rewards and benefits allocated to employees are just and equitable in relation to their contributions, abilities, and performance. It refers to the distribution of rewards and benefits based on the outcome of the employee's actions. Interactional justice, on the other hand, refers to the extent to which people feel treated with dignity, respect, and sensitivity while interacting with decision-makers. It reflects the fairness of interpersonal treatment received during the decision-making process.In terms of employee perceptions of fairness, both outcome fairness and interactional justice are crucial. If employees believe that the outcomes are fair and that they are being treated fairly during the decision-making process, they are more likely to view the decision as fair and acceptable.Therefore, people's perception of outcome fairness depends on their judgment that the consequences of a decision to employees are just. In conclusion, outcome fairness and interactional justice are two essential factors in shaping employee perceptions of fairness in the workplace.for more such question on contributions
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Which of the following items will require a journal entry following a bank reconciliation? (Select all that apply. Deposits outstanding Outstanding checks Notes collected by the bank NSF checks
The correct options for bank reconciliation are : NSF checks ,Notes collected by the bank ,Outstanding checks ,Deposits outstanding
The following items will require a journal entry following a bank reconciliation:
NSF (non-sufficient funds) checks: These checks were previously recorded as deposits, but were returned by the bank due to insufficient funds.
Notes collected by the bank: These are promissory notes or other types of loans that were previously recorded as outstanding, but have now been collected by the bank.
Outstanding checks: These are checks that were issued but have not yet cleared the bank.
Deposits outstanding: These are deposits that were made but have not yet been credited to the bank account.
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Full Question: Which of the following items will require a journal entry following a bank reconciliation? (Select all that apply.
Deposits outstanding Outstanding checks Notes collected by the bankNSF checksA stock is priced at $50 with a volatility of 35 percent. A call option with an exercise price of $50 has an expiration in one year. The risk-free rate is 5 percent. Construct a table for stock prices of $5, 10, 15, ..., 100. Compute the Black–Scholes–Merton price of the call and the European lower bound and verify that the former is at least as large as the latter. explain in detail
A stock is a sort of firm investment. Businesses issue stock shares to obtain funds for operating requirements and to fuel expansion, and investors acquire those stock shares in order to get a return on their investment.
How does the stock work?The company's board of directors approves a proposal to distribute profits as a dividend. Dividends are paid out each share of stock. Dividends are often paid quarterly, monthly, or semiannually by firms in the United States. The corporation announces the dividend payment date, amount, and ex-dividend date. If you expect stocks to do well in the future, you buy them now while they are inexpensive. As a consequence, the stock price considers all of the elements that may impact a firm in the future. This is referred to as 'pricing in' or 'discounting'.
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A national media communications company acquires a regional communications company. As a result of the merger the regional marketing department is re-organized, combining the staff of the two organizations. Our Manager is overseeing the restructuring process and is having a lot of difficulty with people shifting roles, sharing assignments and adapting to new hierarchies.
The manager meets with two department members who are very displeased with the new changes. The employees eventually ask the manager to leave the company and head a start-up – funding is already in place.
The manager should have done a better job in balancing the need to improve operations with the need to
be stagnant.
be profitable.
gather information.
respond to new events.
be effective.
The manager should have taken into account the needs of both the employees and the company when making changes, as well as the need to be both profitable and effective.
The manager in this situation should have taken a more balanced approach when restructuring the regional marketing department as a result of the merger between a national media communications company and a regional communications company. The manager should have taken into account the needs of both the employees and the company when making changes, as well as the need to be both profitable and effective.
First, the manager should have gathered more information about the effects of the merger. This would have allowed them to assess the strengths and weaknesses of both companies, the potential financial impact of the merger, and the impact it could have on employees. Additionally, the manager should have listened to the concerns of both employees and taken them into account when restructuring.
Second, the manager should have taken into account the need to respond to new events that could arise as a result of the merger. This could include market changes, changes in customer needs, and the potential for new business opportunities. By staying informed and considering how changes could affect employees, the manager would be better able to adjust the structure of the department accordingly.
Finally, the manager should have been more effective in balancing the need to improve operations with the need to be stagnant. This means taking into account employee satisfaction and company profitability, as well as considering the long-term impacts of the restructuring. By taking all of these factors into account, the manager would be better equipped to make informed decisions and effectively manage the restructuring process.
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which of the following steps are necessary to reconcile the bank balance and the cash account balance.
Adjusting the cash balance to match the bank statement balance is the necessary step to reconcile the bank balance and cash account balance.
The following steps are required to reconcile the bank balance and the cash account balance :1) Compare the bank statement balance with the book balance
2) Document any reconciling items such as outstanding checks, deposits in transit, and bank fees
3) Adjust the cash balance to match the bank statement balance
4) Prepare a bank reconciliation statement that summarizes the reconciliation process
5) Retain a copy of the bank reconciliation statement.
Bank balance Vs Cash account balance -The bank balance is the company's cash position in the company's bank accounts as reported according to the month-end bank statement. As debits and credits are processed through your bank account, these amounts are reflected in your bank account's cash balance. However, there are some scenarios where a company's book balance differs from its bank balance.
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TRUE/FALSE. When caused by demographic trends, transformations in markets and customer demands for new products are unpredictable.
FALSE. While demographic trends can be unpredictable to some extent, transformations in markets and customer demands for new products are not entirely unpredictable.
Demographic trends can certainly have a significant impact on markets and consumer behavior. For example, as the baby boomer generation ages and retires, their spending habits and preferences may change, leading to shifts in demand for certain types of products and services. Similarly, as younger generations become more digitally connected and environmentally conscious, may need to adapt their marketing strategies and product offerings to cater to these changing customer demands.While it is true that demographic trends can be difficult to predict with complete accuracy, businesses can use a range of tools and techniques to analyze and forecast potential changes in customer behavior. Market research, for instance, can help businesses understand consumer preferences and identify emerging trends that may signal future shifts in demand. By gathering data on customer demographics, lifestyle habits, and spending patterns, businesses can develop a more nuanced understanding of their target audience and make more informed decisions about product development, marketing, and sales strategies.Moreover, advances in technology and data analytics are enabling businesses to capture and analyze vast amounts of customer data in real-time, allowing them to quickly adapt to changing market conditions and customer preferences. By leveraging data analytics tools such as machine learning and predictive modeling, businesses can identify patterns and trends in customer behavior that might be missed through more traditional market research methods.In short, while demographic trends can certainly pose challenges for businesses looking to stay ahead of the curve, they need not be entirely unpredictable. By using a range of analytical tools and techniques, businesses can gain a deeper understanding of their target audience and make data-driven decisions that position them for success in a rapidly changing marketplace.
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________ shows the actual performance of ads in terms of awareness, costs efficiency, or sales and those that don't do well may be dropped.
Understanding of a condition or subject at the present moment based on information or experience: Politicians will take the issue seriously if the public is aware that it exists. Throughout the past ten years, there has been a significant rise in environmental consciousness.
What is awareness?
Being conscious will help you understand your beliefs and whether or not they are limiting you. If you are conscious, this will give you information, and if you have knowledge, you will know what to do and where to go to make the necessary adjustments in order to advance and succeed.
the quality or state of being cognizant, knowledgeable, or aware. Attention, trepidation, awareness, familiarity, and alertness. Free Dictionary. possessing wisdom or expertise regarding something.
In order to change people's attitudes, behaviors, and beliefs in order to accomplish a certain objective or goal, awareness-raising involves educating and informing them about a topic or issue.
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Discuss the importance of feedback in the strategic- management model.
Explanation:
Feedback is an essential component of the strategic management model. It is the process of providing information to individuals or organizations about their performance, behavior, or decisions, which can be used to improve their future actions. Feedback can come from various sources, such as customers, employees, shareholders, or other stakeholders, and can be used to evaluate the effectiveness of the strategy and make necessary adjustments.
Here are some reasons why feedback is important in the strategic management model:
Evaluate performance: Feedback helps in evaluating the performance of the organization, its leaders, and its employees. It provides valuable insights into the effectiveness of the strategy and helps in identifying areas of improvement.Correct mistakes: Feedback allows for the identification of mistakes or errors in the strategy, and provides an opportunity to correct them. It helps in ensuring that the organization stays on track towards achieving its objectives.Identify opportunities: Feedback can help in identifying new opportunities that were previously unknown or overlooked. It can provide insights into customer needs, market trends, or technological advancements that can be leveraged to gain a competitive advantage.Improve communication: Feedback helps in improving communication within the organization. It provides a platform for open and honest discussions, which can help in building trust and strengthening relationships between different stakeholders.Foster innovation: Feedback can help in fostering a culture of innovation within the organization. It encourages experimentation, risk-taking, and continuous learning, which are critical to staying ahead in a rapidly changing environment.In conclusion, feedback is a crucial component of the strategic management model. It helps in evaluating performance, identifying mistakes and opportunities, improving communication, and fostering innovation. Organizations that embrace feedback and use it to continuously improve their strategy are more likely to achieve their objectives and succeed in today's dynamic business environment.
