The four underlying strategic management concepts that determine the scope of a firm are resources-based view, Transaction Cost Economics, Agency Theory and Situational Framework.
The four underlying strategic management concepts that determine the scope of a firm are as follows:
1. Resource-Based View (RBV)This strategy is focused on the internal characteristics of a company, and its objective is to build long-term competitive advantage based on the unique strengths and weaknesses of a company.
2. Transaction Cost Economics (TCE)This strategy is focused on how transactions between organizations can be managed and improved. It deals with the transaction costs associated with a company's interactions with suppliers, customers, and other businesses.
3. Agency Theory (AT)This strategy is focused on the management of a company by its managers and owners. It involves the development of a system of incentives that align the interests of managers and owners, so that managers act in the best interests of the owners.
4. Situational Framework This strategy is focused on the external environment of a company. It involves analyzing the various factors that influence a company's performance, such as political, economic, social, technological, environmental, and legal factors.
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The following question may be like this:
Which of the following are the four underlying strategic management concepts that determine the scope of a firm? (Check all that apply.)
transaction costseconomies of scopeTransaction Cost Economics,Agency Theory Situational FrameworkCollected $1,200 rent for the period December 1 of the current year to April 1 of next year, which was credited to Unearned Rent Revenue on December 1. b. Purchased a machine for $32,000 cash on January 1. The company estimates annual depreciation at $3,200. c. Paid $5,000 for a two-year insurance premium on July 1 of the current year; debited Prepaid Insurance for that amount. Transaction Assets BALANCE SHEET Liabilities Stockholders' Equity -300 +300 NE -3200 NE -1250 INCOME STATEMENT Revenues Expenses Net Income +300 NE +300 NE +3200 -3200 NE +1250 -1250 a. NE b. -3200 -1250 C.
a. NE and b. -3200 are the two transactions that are correctly classified as shown in the given balance sheet and income statement.
Transactions Assets Balance Sheet Liabilities Stockholders' Equity Collected $1,200 rent for the period December 1 of the current year to April 1 of next year, which was credited to Unearned Rent Revenue on December 1.+1200+1200Unearned Rent Revenue-1200NE+1200Purchased a machine for $32,000 cash on January 1.
The company estimates annual depreciation at $3,200.-32000-32000Machinery-3200NE-3200Depreciation Expense+3200NE-3200Paid $5,000 for a two-year insurance premium on July 1 of the current year; debited Prepaid Insurance for that amount.+5000+5000Prepaid Insurance-5000NE+5000Transaction Assets Balance Sheet Liabilities Stockholders' Equity Collected $1,200 rent for the period December 1 of the current year to April 1 of next year, which was credited to Unearned Rent Revenue on December 1.
Unearned Rent Revenue-1200NE+1200 Purchased a machine for $32,000 cash on January 1. The company estimates annual depreciation at $3,200.-32000-32000 Machinery-3200NE-3200Depreciation Expense+3200NE-3200Paid $5,000 for a two-year insurance premium on July 1 of the current year; debited Prepaid Insurance for that amount.+5000+5000Prepaid Insurance-5000NE+5000Therefore, the correct options are a and b.
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the deferral adjustment to record the amount of unearned service revenue that is now earned includes a debit to
The deferral adjustment to record the amount of unearned service revenue that is now earned includes a debit to service revenue and a credit to unearned service revenue.
When a service company receives money from a customer, the money is recorded as unearned service revenue. This is because the company has not yet delivered the service for which it was paid.
When the company finally provides the service, it must adjust its accounts to reflect the fact that it has earned the revenue from the customer. This is known as a deferral adjustment.
A deferral adjustment occurs when you pay or receive cash in advance for a service that will be provided at a later date. The goal of deferral adjustments is to ensure that the revenue is recorded when it is actually earned, as opposed to when cash is received.
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T/F. One core ethical concept is that you need to act impartially and Not give preferential treatment to any private organization or individual.
the subsequent statement is true that One core ethical concept is that you need to act impartially and not give preferential treatment to any personal organization or individual.
Impartiality is sometimes handled via philosophers as though it have been equal to moral impartiality. Or, at the very least, the former phrase is frequently used, with out the qualifying adjective ‘moral’, even when it's far the specifically moral idea this is intended. this is misleading, considering the fact that impartiality in its broadest experience is excellent understood as a proper belief, at the same time as ethical impartiality particularly is a great concept – and one concerning which there is considerable dispute.
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Rahul recently started his own T-shirt company selling T-shirts that feature imprints of his original and hand-drawn designs. While there is another similar T-shirt company in his area, Rahul isn’t too worried about the competitive structure that he is in because no one has the kind of original designs that he does. What type of competitive structure is Rahul MOST likely involved in?
A. Perfect competition
B. Monopolistic competition
C. Oligopoly
D. Mono-competition
Answer:
A
Explanation:
Because no one has the kind of original designs that he does
the entry that includes a debit to cash and credit to accounts receivable at a discounted price is recording the .
When the entry is a debit to Cash and a credit to Accounts Receivable at a discounted price, we are recording a sales credit.
What exactly do sales discounts involve?
In most cases, sales discounts are debited from the account by the amount of the discount.
For instance, if we debit cash by $99 and sales discounts by $1 in the same journal entry, we will credit the accounts receivable account.
In conclusion, when the entry is a debit to Cash and a credit to Accounts Receivable at a discounted price, we are recording a sales credit.
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When a supervisor gives a subordinate higher ratings than are deserved because they both went to the same university, __________ has occurred.1) The contrast effect2) The similarâ"to-me effect3) The halo effect4) The horns effect
When a supervisor gives a subordinate higher ratings than are deserved because they both went to the same university, The similar-to-me effect has occurred.
What is similar-to-me effect ?
The similar-to-me effect, also known as the affinity bias or the in-group bias, refers to the tendency for people to favor others who are similar to themselves in some way, such as having attended the same university. This bias can lead to preferential treatment or higher ratings for individuals who share a common background or identity with the person making the evaluation. In this case, the supervisor may be more inclined to give the subordinate higher ratings because they share a connection through their shared university, rather than based on the subordinate's actual performance or abilities.
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Complete question is: When a supervisor gives a subordinate higher ratings than are deserved because they both went to the same university, The similar-to-me effect has occurred.
which of the following are ways by which businesses might use naics coded information? (check all that apply.)
For resale are ways by which businesses might use naics coded information.
What is naics coded information?NAICS (North American Industry Classification System) is a system used to classify business establishments by the type of economic activity in which they are primarily engaged. It is a standard used by many countries to provide a set of common industry categories for the purpose of collecting, analyzing, and publishing statistical data related to businesses. The categories are based on the production processes of the businesses, such as the type of goods or services they produce. NAICS provides a structure for collecting, analyzing, and publishing statistical data related to businesses. It is used by the government, private businesses, and the public to better understand the economic environment and make better decisions. NAICS is a consistent, uniform, and all-encompassing system of classification that standardizes the way businesses are identified and categorized. It allows businesses to easily compare and benchmark their performance with other businesses in the same industry.
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Matt must send a refusal letter to Ryan, who recently interviewed for a job. Which of the following will be the best closing?
a. If you have any questions, Ryan, do not hesitate to call me.
b. If you had the required five years' experience in social work, we could have included you in the final slate of candidates.
c. Again, Ryan, we truly regret being unable to offer you this position.
d. We wish you all the best in your job search.
c. Again, Ryan, we clearly remorseful about being unable to offer you this position.
When having to write a rejection or refusal message what's one factor that can help maintain goodwill?use a well mannered buffer and give an explanation for your rationale in a few words. Within the textual content of a bad-news message, it is appropriate to use passive voice with phrases such as even though and alternatively to soften the refusal and preserve goodwill.
Adjustment refusals are used only when the reader has refused to pay the quantity owed. Which of the following is the most excellent phrase to use in an adjustment refusal message? cement your effort to cover the depend positively.
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https://brainly.com/question/16675122#SPJ1comparing the decision-making process between large and small firms, which of the following statements is accurate?
Answer: Small businesses usually have only one layer of management that helps speed decision making
Explanation:
Itzair has completed the balance sheet for his business. What is one question the balance sheet answers about the business?
COA.
"How much debt does my business have?"
OB. "Who do I owe for my cost of goods sold?"
OC. "What percentage of sales tax is required?"
COD. "Did I meet my end-of-year profit goals?"
)
The question that balance sheet answers about the business is "How much of debt does my business have?".
What is a balance sheet?A balance sheet is financial statement that reports company's assets, liabilities, and equity at a specific point in time. It provides a snapshot of a company's financial position and helps investors and stakeholders understand the company's financial health. The assets section of the balance sheet includes items such as cash, investments, inventory, and property. The liabilities section includes items such as loans, accounts payable, and taxes owed. The equity section includes items such as retained earnings and stockholders' equity. The balance sheet is important because it provides insights into a company's financial stability, liquidity, and ability to meet its obligations. It is commonly used by investors, analysts, and creditors to evaluate a company's financial health and make informed decisions.
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Write a report to the management of Intel. Your report should include an evaluation of short-term liquidity, operating efficiency of intel in 2013,2012,2011
Match each CRM technique with its description
-RFM
-loyalty programs
-clickstream analysis
offers discounts or free items to customers
who keep coming back
calculates a customer's most recent visit,
the frequency of visits, and annual spending
discovers through data mining what customers
have in common to predict behavior
tracks every image, link, or object that
a customer clicks
clustering
RFM calculates customer's most recent visit, frequency of visits, and the annual spending.
What is annual spending?Annual spending refers to the total amount of money that an individual, household, or organization spends over the course of a year. This includes all types of expenses, such as rent or mortgage payments, utilities, food, transportation, clothing, entertainment, and more. Annual spending is an important indicator of an individual or organization's financial health, as it can provide insight into their income, expenses, and overall financial habits. Tracking annual spending can also be useful in creating a budget or financial plan, as it allows individuals and organizations to identify areas where they may be overspending and make adjustments as necessary. Additionally, analyzing annual spending trends over time can help individuals and organizations make informed decisions about their financial priorities and goals.
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The federal government is offering a $10,000 tax rebate for those people who install solar panels on their home. Why would the government offer a tax rebate for installing solar panels on their home? help slow down the economy to encourage people to avoid buying a home to help increase revenues for the government to encourage better use of limited resources of fossil fuels
To help raise revenue for the government, the government offers a tax credit to homeowners who install solar panels on their homes.
Which federal tax incentives promote the growth of solar energy?The Renewable Electricity Production Tax Credit (PTC), the Investment Tax Credit (ITC), the Home Energy Credit, and the Modified Accelerated Cost-Recovery System are a few of the federal tax incentives.
How does the solar tax credit function under federal law?The solar tax credit's workings, please. A non-refundable credit equal to 30% of your solar project's gross system cost, the solar tax credit is available. This means that your tax credit would be $6,000 if the gross system cost was $20,000 ($20,000 x 30% = $6,000).
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As a project manager, you investigate the value a project will create and how much time will be saved. What step of the cost benefit analysis are you completing?
A. Benefit analysis
B. Cost analysis
C. Goals analysis
D. Expense analysis
When an Ad for a municipal 529 plan is going to be run, it must include a toll-free telephone number where the investor can obtain the total return information
When an Ad for a municipal 529 plan is going to be run, it must include a toll-free telephone number where the investor can obtain the total return information current to the most recent month-end.
Total return is the genuine pace of return of a venture or a pool of speculations over a period.
Total return incorporates interest, capital additions, profits, and acknowledged disseminations.
Total return is communicated as a level of the sum contributed.
Total return is serious areas of strength for an of a venture's general presentation.
Total return is how much worth a financial backer procures from a security over a particular period, normally one year, when all disseminations are reinvested. Total return is communicated as a level of the sum contributed. For instance, a total return of 20% means the security expanded by 20% of its unique worth because of a cost increment, dispersion of profits (if a stock), coupons (if a bond), or capital increases (if an asset). Total return is areas of strength for an of a venture's general presentation.
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the complete question is:
When an Ad for a municipal 529 plan is going to be run, it must include a toll-free telephone number where the investor can obtain the total return information____________________________________.
Introduction Read the overview below and complete the activities that follow Contracts are classified in a number of different ways. Different classifications are useful for different purposes. This interactive reviews the primary ways by which we class ify contracts. CONCEPT REVIEW: Review the section "Classification of Contracts" in your text to understand the differences among bilateral, unilateral, express, implied, formal, and informal contracts. The dlagram below Illustrates three different ways of categorizing contracts: (1) bilateral vs. unilateral; (2) express vs. Implied, and (3) formal vs. Informal. First, roll over each title and read the scenarios glven. Then drag and drop the title into the appropriate circle on the diagram. Medical Emergency Reward for Wallet $4,000- Chimney Handwritten Letter of Credit Written Terms Agreement Informal Express Unilateral Implied Bilateral Formal Contracts Contracts Contracts Contracts Contracts Contracts
Bilateral vs. Unilateral Contracts: A bilateral contract is an agreement between two parties in which both parties promise to perform an act or service in exchange for something else.
What is Bilateral vs. Unilateral Contracts?For example, a contract to sell a car in exchange for money is a bilateral contract because both parties are making promises to perform an act. On the other hand, a unilateral contract is a promise made by one party to do something in exchange for the other party's performance. For example, a reward for the return of a lost wallet is a unilateral contract because the person making the promise is not obligated to pay until the other party performs the requested action.
Express vs. Implied Contracts: An express contract is one that is created through a clear and definite agreement, either in writing or verbally. The terms of an express contract are explicitly stated and agreed upon by both parties. An implied contract, on the other hand, is one that is not explicitly stated, but rather inferred from the actions of the parties involved. For example, if you go to a restaurant and order a meal, there is an implied contract that you will pay for the food you have ordered.
Formal vs. Informal Contracts: A formal contract is a written agreement that has been signed and witnessed, and usually requires certain formalities to be followed, such as the use of specific legal language. Formal contracts are often used in business and legal transactions. An informal contract, on the other hand, is an agreement that is not written down and does not require any formalities. For example, an agreement between friends to split the cost of a vacation rental would be an informal contract.
It's important to note that a contract can fall into multiple categories. For example, a contract to buy a house may be bilateral, express, and formal.
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FILL IN THE BLANK.____ costs are costs that require a firm to spend money. While ____ costs do not require a firm to spend money or take on obligations.
Explicit costs are expenses that a company must pay for. Implicit costs, however, do not call for financial outlays or commitments from a company.
What are the biggest expenses for companies?Direct materials, direct labor, and manufacturing overhead make up a product's expenses. These three charges add up to the final product price. Overhead includes indirect labor and indirect supplies.
What various charges do businesses incur?There are two kinds of expenses, fixed and variable. Although fixed and variable expenses have different effects on the firm, both are crucial to its profitability. Definition of the term "volume" will be helpful when discussing expenditures.
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Fewer and fewer customers have been coming into the restaurants. The building manager decides to change the entire menu after he does those he finds out that people love the food, but the service has been driving people away. This represents what kind of problem in the decision making process.
This illustrates the issue of inadequate option development in the decision-making process.
What is the process for making decisions?Selecting, gathering data, and appraising feasible possibilities are all phases in the decision-making process. If you gather essential information and present your options in a step-by-step manner, you may be able to make more thoughtful decisions.
What prevents people from making decisions?Anxiety may also contribute to indecision. Some people lose motivation because they worry about making the incorrect decision, suffering the consequences, or feeling regret. It's common to be concerned about making a mistake and to feel guilty, irresponsible, exposed, or ignorant. A person can occasionally become paralyzed by the fear of hurting or alienating another person.
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Suppose the supply curve in market X is horizontal at a price of $4.50. Which one of the following statements is TRUE?
a) The own price elasticity of demand is equal to infinity everywhere.
b) The own pric elasticity of supply is equal to 4.50.
c) The own price elasticity of supply is equal to zero.
d) Supply is said to be completely elastic.
e) The own price elasticity of supply is equal to one.
Own price elasticity of supply measures the responsiveness of quantity supplied to a change in price, and is calculated by the formula: Elasticity of Supply = (% Change in Quantity Supplied)/(% Change in Price). The correct answer is C.
In this case, because the price is constant at $4.50, there is no change in the price, and thus no change in the quantity supplied. Therefore, the own price elasticity of supply is equal to zero.
To explain further, price elasticity of supply is a measure of how much the quantity supplied of a good changes in response to a change in price. When the own price elasticity of supply is equal to zero, this means that the quantity supplied of a good does not change in response to a change in price. This situation is represented by a perfectly inelastic supply curve, which is a horizontal line.
In summary, the answer to the question is c) The own price elasticity of supply is equal to zero. This is because a perfectly inelastic supply curve is a horizontal line, and there is no change in the quantity supplied of a good when the price is constant.
So, The correct answer is c) The own price elasticity of supply is equal to zero.
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When is National Daughters Day
Answer:
sunday september 24,2023
Explanation:
September 24 2050
Your welcome
Match each CRM technique with its description
-RFM
-loyalty programs
-clickstream analysis
offers discounts or free items to customers
who keep coming back
calculates a customer's most recent visit,
the frequency of visits, and annual spending
discovers through data mining what customers
have in common to predict behavior
tracks every image, link, or object that
a customer clicks
clustering
A loyalty program is a type of marketing strategy that aims to keep customers coming back to a business or using its services.
What precisely is RFM examination (recency, recurrence, and money related)?RFM analysis is a marketing strategy that uses a quantitative ranking and grouping of customers based on the recency, frequency, and monetary total of their most recent transactions to identify the best customers and carry out targeted marketing campaigns.
What levels of clickstream investigation are there?Clickstream investigation, which is a kind of Web examination (see a different section), is the following and examination of site visits. Clickstream investigation ordinarily screens and measures site movement by using the Internet server log records, regardless of the way that there are different techniques for gathering this information.
Two levels of clickstream analysis are possible: traffic analysis and an examination of online businesses.
tracks each image, link, or object clicked by a customer- clickstream analysisgives away free or discounted items to repeat customers.- loyalty programsdetermines a customer's most recent visit, the number of visits, and the amount spent annually- RFMuses data mining to discover what customers- clusteringLearn more about RFM analysis: https://brainly.com/question/28537349
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1. To identify alternative uses of resources and the opportunity cost of selecting one option over another.
2. Provide an objective way to determine resource allocations from an individual, community or societal viewpoint.
a. Two viewpoints: private and social
3. Econ Evals link the alternative courses of actions' inputs and outputs to provide a comparative analysis.
One way to identify alternative uses of resources is to conduct a cost-benefit analysis. Another objective way to determine resource allocations is to consider two viewpoints: private and social.
Resource allocation is a term used to describe the process of deciding how to distribute resources among competing uses. The process of resource allocation is important in economic evaluations because it can help identify the opportunity cost of selecting one option over another. When making decisions about resource allocations, it is important to consider the costs and benefits of each option.
One way to identify alternative uses of resources is to conduct a cost-benefit analysis. This involves weighing the costs of a particular action against the benefits it is expected to generate. By comparing the costs and benefits of different options, it is possible to determine which option is the most cost-effective.
In addition to cost-benefit analysis, another objective way to determine resource allocations is to consider two viewpoints: private and social. Private viewpoints consider the individual costs and benefits of an action, while social viewpoints consider the costs and benefits to society as a whole.
Economic evaluations are a useful tool for comparing different courses of action. By linking the inputs and outputs of alternative options, it is possible to provide a comparative analysis of each option. This can help decision-makers identify the most efficient and effective use of resources.
In conclusion, resource allocation is a critical process in economic evaluations. By identifying alternative uses of resources and considering the opportunity cost of each option, decision-makers can determine the most efficient and effective way to allocate resources. By using objective criteria to determine resource allocations, it is possible to make informed decisions that benefit both individuals and society as a whole.
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in the elman service model, [ select ] are economies based on non-intensive forms of food production.
In the elman service model, agroecological economies are economies based on non-intensive forms of food production.
What is agroecological economies?Agroecology is fundamentally different from other approaches to sustainable development. It is based on bottom-up and regional processes and helps provide contextual solutions to local problems. Agroecological innovation is based on knowledge co-creation, combining science with the traditional, practical and local knowledge of producers. Agroecology empowers farmers and communities as key agents of change by enhancing their autonomy and adaptability.
Agroecology transforms food and farming systems, addresses the root causes of problems holistically, and provides holistic and long-term solutions, rather than optimizing practices for unsustainable farming systems. We aim to This includes a clear focus on the social and economic aspects of food systems. Agroecology focuses on the rights of women, youth and indigenous peoples.
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PLEASE HELP ASAP DUE AT 11:59
The Carrollton Buffet offers an all-you-can-eat buffet meal for $30 per person. The restaurant employs ten salaried employees. Rent for the building, employee salaries, and other fixed costs for the restaurant are $143,000 per month when the restaurant serves meals to up to 14,000 guests in that month. If the restaurant were to serve more than 14,000 guests in any given month, it would need to hire two additional servers and two additional kitchen staff for an additional fixed cost of $22,000 per month. The variable cost of food is $15 per guest.
1. What is the restaurant’s cost equation for estimating costs if the number of guests to be served is up to 14,000 guests per month?
2. If the restaurant were to serve 13,000 guests in May, what would be the:
a. Estimated total cost? (Use the cost equation from Requirement 1.)
b. Average cost per guest?
3. If the restaurant were to serve 11,000 guests in June, what would be the:
a. Estimated total cost using the cost equation from Requirement 1?
b. Estimated total cost using the average per guest cost from Requirement 2b?
c. Why is there a difference in the two cost estimates?
4. What is the restaurant’s cost equation for estimating costs if the number of guests to be served is more than 14,000 guests per month?
5. If the restaurant were to serve 15,000 guests in July, what would be the estimated total cost? (Use the cost equation from Requirement 4.)
the panel study on income dynamics, the study of the economic status of parents and their children over time, finds that
The panel study on income dynamics, the study of the economic status of parents and their children over time, finds that children who grow up in low-income households are more likely to experience poverty in adulthood.
The Panel Study on Income Dynamics (PSID) is a continuing survey that has been conducted by the University of Michigan since 1968. The PSID is a longitudinal study that gathers data on household income and the factors that contribute to income changes over time. The study also tracks intergenerational income mobility by gathering information on the economic status of parents and their children over time. The panel study on income dynamics has found that children who grow up in low-income households are more likely to experience poverty in adulthood.
The study has also found that intergenerational mobility in the United States is lower than in many other developed countries. This means that it is more difficult for children from low-income families to move up the economic ladder than it is in other countries. The panel study on income dynamics has also found that the earnings gap between men and women has narrowed over time, but that women are still more likely to be in low-wage jobs than men. Finally, the study has found that access to education is an important factor in economic mobility, as children with more education tend to earn more money as adults.
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The Panel Study on Income Dynamics (PSID) is a longitudinal survey that tracks the economic status of parents and their children over time. It is one of the oldest and most extensive economic surveys in the United States.
The PSID began in 1968, and its primary goal was to examine changes in income and wealth in the United States over time. It has since become a valuable tool for social scientists to investigate a wide range of economic and social issues, including intergenerational mobility. The PSID is unique in its design because it tracks families over several decades. This longitudinal approach enables researchers to see how the economic status of parents and their children changes over time.
The survey tracks employment, income, and wealth for each family member, as well as demographic information like race, education level, and family structure. The data collected by the PSID has been used to investigate a wide range of economic and social issues. One of the most notable is intergenerational mobility. Researchers have used the PSID to investigate how a family's economic status impacts the economic outcomes of their children. They have found that children who come from low-income families are more likely to remain low-income as adults. However, some children do manage to break out of poverty and achieve upward mobility.
The PSID has also been used to study the effects of public policy on families. Researchers have used the survey data to evaluate the effectiveness of programs like food stamps, Medicaid, and Head Start. They have also used the data to investigate the impact of economic shocks like recessions and job loss on families. Overall, the PSID is an essential tool for social scientists to investigate economic and social issues. Its longitudinal design provides a unique window into how families' economic status changes over time, and its extensive data collection enables researchers to investigate a wide range of issues.
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identify the primary modification to the basic economic order quantity (eoq) formula when determining production order quantity.
The primary modification to the basic Economic Order Quantity (EOQ) formula when determining production order quantity is the inclusion of production setup costs.
What is production setup costs?Setup costs are the costs incurred to configure a machine for a production run. This cost is considered the fixed cost of the batch involved, so that cost is spread over the number of units produced. Setup costs include the labor to locate the tools and materials next to the machine, the labor to configure the machine, and the scrap cost of the test units that run on the machine.
The real cost of a facility is wasted time while machines are not running. This is because it can represent a loss of revenue (if there is work outstanding). Additionally, minimizing setup time creates more productive capacity and can improve business throughput when setup is tied to bottleneck operations. Therefore, the focus is usually on reducing equipment set-up time, reducing set-up costs, and increasing throughput.
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FILL IN THE BLANK. Recording depreciation results in the allocation of the cost of a long-term asset to the years during which the asset provides _________ .
By recording depreciation, the cost of a long-term asset is divided among the years in which it generates income.
What is the process of dispersing an asset's cost called depreciation?Instead of deducting the cost as an expense in the year of acquisition, depreciation is the practise of spreading the cost of tangible property over a period of time.
What is the name of the reported annual depreciation amount?This means that every year the asset is used and produces money, an expense associated to using it up must be declared. The total amount of depreciation applied to an asset up to a particular point is known as accumulated depreciation.
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a. an example of poorly defined property rights resulting in a market failure is most likely to occur in which of the following?
Exercise of property rights 3 are not clearly defined, which causes the market to fail community garden is the correct one.
Why does the market fail?When individuals in a group are left worse off than if they had not acted in their rational self-interest, this is referred to as a market failure. When a market fails, everyone in the group pays too much or benefits from it too little.
Asymmetric information, concentrated market power, public goods, and externalities are the four main causes of market failure.
Market failure in economics refers to a situation where a free market's distribution of goods and services is not Pareto efficient, frequently resulting in a net loss of economic value.
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an example of poorly defined property rights resulting in a market failure is most likely to occur in which of the following?
a. private household garden
b. community garden
c. a single farmer selling produce at at the farmers market
d. a commercial agriculture plot
A plant has an effective capacity of 900 units per day and producef 800 units per day with its product mix. The plant efficiency ____% (enter your response as a percentage rounded to one decimal place).
A plant has an effective capacity of 900 units per day and produce 800 units per day with its product mix. The plant efficiency 88.89% .
Efficiency is the maximum degree of performance that requires the fewest inputs and produces the greatest amount of output. Efficiency calls for less superfluous resources, such as one's own time and energy, being spent to create a particular outcome.
Efficiency is a notion that may be measured by comparing the usable output to the entire input. When achieving the intended outcome, increased efficiency reduces the waste of resources including time, energy, and physical materials.
It stands for the proportion of achieved effective capacity.
Depending on how facilities are used and run, obtaining 100 percent efficiency may occasionally be difficult or even impossible.
The capacity of the operations managers to increase productivity is usually used to evaluate them.
To calculate efficiency, we need to use the following formula:
Efficiency = Actual Output / Effective Capacity x 100
Actual Output : 800 units/day
Effective Capacity : 900 units/day
Now we need to calculate efficiency, by substituting the given values from the question into the efficiency formula:
Efficiency = 800/900 x 100 = 88.9%.
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The Riteway Ad Agency provides cars for its sales staff. In the past, the company has always purchased its cars from a dealer and then sold the cars after three years of use. The company’s present fleet of cars is three years old and will be sold very shortly. To provide a replacement fleet, the company is considering two alternatives:
Purchase alternative: The company can purchase the cars, as in the past, and sell the cars after three years of use. Ten cars will be needed, which can be purchased at a discounted price of $20,000 each. If this alternative is accepted, the following costs will be incurred on the fleet as a whole:
Annual cost of servicing, taxes, and licensing $ 5,300
Repairs, first year $ 3,200
Repairs, second year $ 5,700
Repairs, third year $ 7,700
At the end of three years, the fleet could be sold for one-half of the original purchase price.
Lease alternative: The company can lease the cars under a three-year lease contract. The lease cost would be $72,000 per year (the first payment due at the end of Year 1). As part of this lease cost, the owner would provide all servicing and repairs, license the cars, and pay all the taxes. Riteway would be required to make a $16,000 security deposit at the beginning of the lease period, which would be refunded when the cars were returned to the owner at the end of the lease contract.
Riteway Ad Agency’s required rate of return is 16%.
Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. (Use the tables to get your discount factors. The linked tables are the same tables as the ones in your course packet. If you calculate discount factors using Excel or a financial calculator, your answer may be different enough due to rounding that the system will mark it wrong.)
Required:
1. What is the net present value of the cash flows associated with the purchase alternative?
2. What is the net present value of the cash flows associated with the lease alternative?
3. Which alternative should the company accept?
The lease option has a present value of $123,499. The purchase option has a present value of $123,499 using the total cost approach. Acceptance would be given to the lease option.
How does present value work?The sum of discounted cash flows is the present value. It is the present value of a cash flow. A financial calculator would be used to figure out the present value.
Cash flow from the purchase alternatives: Cash flow in year 0 = $17,000 x 10 = $170,000 Cash flow in year 1 = $-3000 - $1500 = $-4500 Cash flow in year 2 = $3000 - $4000 = $7000 Cash flow in year 3 = $3000 - $6000 - ($170,000 / 2) = $-76,000 .
Cash flow from the lease alternative:
Cash flow in year 0 = $10,000
Cash flow in year 1 = $55,000
Cash flow in year 2 = $55,000
Cash flow in year 3 = $55,000- $10,000 = $45,000
Discount rate = 18%
Present value = $123,499
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