Answer: give them bonuses for work complete.
Explanation:people like money
You are sitting next to a person in business class on a flight from Los Angeles to Sydney, Australia. You mention to that person that you got your ticket two months ago for only $12,500. The person responds that she bought her ticket two days ago for $7,800. This sometimes happens because airlines often use an approach called:
Answer:
price discrimination (third degree price discrimination)
Explanation:
Price discrimination is when the same product is sold at different prices to customers in different markets
types of price discrimination
1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.
2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.
3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students
While attending a show you are disturbed by a child behind you who talks incessantly while repeatedly kicking the back of your seat.You respond by occasionally turning around and fidgeting in your seat.What type of conflict-management style are you exhibiting?
A) collaboration
B) competition
C) accommodation
D) avoidance
E) withdrawal
Answer: avoidance
Explanation:
Conflict avoidance occurs when a person avoids conflict by not reacting to it and rather changes the subject or avoids fighting back.
Since the person doesn't confront the child whom talking incessantly while repeatedly kicking the back of the seat but rather occasionally turns around and fidgets in the seat, then the type of conflict-management style being exhibited is avoidance.
- Màng quấn PE có tính chất hóa học của hydrocacbon không tác dụng trong môi trường có axit, thuốc tím, kiềm.
- Không màu mùi, hòa tan kém trong nhiệt độ cao.
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Match these terms with their definitions.
a. The rate that reflects the provisions of the debt instrument, the credit standing of the borrowing business, and the current conditions in the credit markets and the economy as a whole.
b. The rate found in the debt contract that determines the amount of the interest payment.
c. Occurs when a bondâs issue price exceeds its face value.
d. The amount that must be repaid at maturity.
e. A type of liability which requires the issuing entity to pay the face value to the holder on the maturity date and to pay interest periodically at a specified rate.
f. Occurs when a bond is issued for an amount that is less than the principal.
g. Term referring to the date that a bondâs principal has to be repaid.
1. Bond.
2. Contract, coupon, stated rate.
3. Discount.
4. Face value, par value, principal.
5. Market rate, yield.
6. Maturity.
7. Premium.
Answer and Explanation:
The matching is as follows
a. 5. Market rate, yield. as it represent the debt instrument provisions, credit standing, and the present conditions
b. 2. Contract, coupon, stated rate, this represent that rate that could be find in the contract of the debt that measures the interest payment amount
c. 7. Premium. this is the case when the issue price of the bond is more than the face value
d. 4. Face value, par value, principal. It is the amount that should be repay at the maturity
e. 1. Bond. It is the liability that needs the entity to pay off the face value on the maturity date
f. 3. Discount. It arise when the issue price of the bond is lower than the principal
g. 6. Maturity. it refers to the date when the principal of the bond is repaid
Paving LLC is a foreign limited liability company in the state of Ohio. In dealing with Paving, Ohio will apply the law of the state where the firm a. is headquartered. b. was formed. c. will receive consistent treatment. d. does business.
Answer: B. Was formed
Explanation:
Limited liability companies that are doing business in the states other than the states that they registered originally may have to seek the status of foreign LLC in such states.
Therefore, since Paving LLC is a foreign limited liability company in the state of Ohio. In dealing with Paving, Ohio will apply the law of the state where the firm was formed. Therefore, the correct option is B.
While dealing with Paving, Ohio will apply the law of the state where the firm does business.
Foreign Limited liability which are formed elsewhere do operate under the the State's regulations and policy.
Business have to be registered with every state regardless of whether they have been in existence elsewhere
When the registration is done, the state regulation, trade policy and rules will be stated to the newly established business in the state.
Therefore, Option D. is correct.
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In preparation for developing its statement of cash flows for the year ended December 31, 2018, Millennium Solutions, Inc. collected the following information:
Payment for the early extinguishment of long-term notes (book value: $100 million) $108.1
Sale of common shares 352.1
Retirement of common shares 244.1
Loss on sale of equipment 4.1
Proceeds from sale of equipment 16.1
Issuance of short-term note payable for cash 20.1
Acquisition of building for cash 14.1
Purchase of marketable securities (not a cash equivalent) 10.1
Purchase of marketable securities (considered a cash equivalent) 2.1
Cash payment for 3-year insurance policy 6.1
Collection of note receivable with interest (principal amount, $22) 26.1
Declaration of cash dividends 66.1
Distribution of cash dividends declared in 2020 60.1
Required:
a. Prepare the investing activities section of Millennium's statement of cash flows for 2018.
b. Prepare the financing activities section of Millennium's statement of cash flows for 2018.
Answer and Explanation:
The preparation of the investing and the financing activities is presented below:
1) Investing activities
Proceeds from the sale of equipment 16
Purchase of building -14
Purchase of marketable securities -10
Collection of notes receivable 26
Net cash flow from investing activities 18
2) Financing activities
Payment of long term notes -108
Sales of common share 352
Retirement of shares -244
Issue short term notes payable 20
Dividend paid -60
Net cash flow from financing activities -40
Kaspar Industries expects credit sales for January, February, and March to be $205,200, $266,800, and $316,800, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from customers for each month.
Collections from Customers
Credit Sales January February March
January
February
March
Answer:
Results are below.
Explanation:
Giving the following information:
It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month.
Sales:
January= $205,000
February= $266,800
March= $316,800
Cash collection January:
Sales in cash from January= 205,000*0.75= 153,750
Total cash collection January= $153,750
Cash collection February:
Sales in cash from February= 266,800*0.75= 200,100
Sales in account from January= 205,000*0.25= 51,250
Total cash collection February= $251,350
Cash collection March:
Sales in cash from March= 316,800*0.75= 237,600
Sales in account from February= 266,800*0.25= 66,700
Total cash collection March= $304,300
Instead of issuing securities, Artificial Intelligence Inc. pursues other sources of funds. To obtain venture capital financing, the firm will most likely:_______.a. pool funds to invest in a business venture. b. give up a share of its ownership. c. borrow funds to be returned on a designated maturity date. d. pay periodic dividends.
Answer:
The answer is B.
Explanation:
The correct option is B. - give up a share of its ownership. Venture capitalist invest in a start up ventures or small businesses that they believe have high future prospects.
Because venture capitalists are exprienced business wise and have enough money, they tend to make or provide managerial decisions. The business will be in form of partnership, hence, Artificial Intelligence Inc. giving up part of its ownership.
It is not a must venture business pay a periodic dividend but business capitalist share in the profit or loss of the business.
The model in which managers use their organization's existing core capabilities to expand into foreign markets is called the
Answer:
international model
Explanation:
In the case when the managers use the core capabilities of the organization in over to diversify into the foreign markets so this we called as the international model. As due to this the organization could capture the foreign market share this result in increased in the sales of the organization
So as per the given situation, the above represent the answer
Weaver Corporation had the following stock issued and outstanding at January 1, Year 1:
1. 70,000 shares of $14 par common stock.
2. 7,500 shares of $100 par, 7 percent, non-cumulative preferred stock.
On June 10, Weaver Corporation declared the annual cash dividend on its 7,500 shares of preferred stock and a $2 per share dividend for the common shareholders. The dividends will be paid on July 1 to the shareholders of record on June 20.
Prepare general journal entries to record the declaration and payment of the cash dividends.
Answer:
Preferred shareholder (7,500*$100)*7% $52,500
Common shareholder (70,000×$2) $140,000
Total dividend $192,500
Date General Journal Debit Credit
10 June Dividend $192,500
To dividend payable $192,500
(To record dividends payable)
20 June No entry required
01 July Dividend payable $192,500
To cash $192,500
(To record dividend payment)
31 Dec Retained earning $192,500
To dividends $192,500
(To close dividend account)
Ricky is not in a consumer equilibrium. Given the prices of goods, Ricky has allocated all his income such that his marginal utility per dollar spent is ________ for ________ goods.
Answer:
The options are
A) as small as possible; all
B) equal; all
C) equal; normal
D) maximized; all
The answer is B) equal; all
Ricky not being in a consumer equilibrium and he considering the prices prices of goods means he allocated all his income in such a way that entails his marginal utility per dollar spent is equal for all goods.
This is to ensure that he cuts cost and maximizes his spending power.
Vincenzo Martin and Sasha Boudrakis have started a new firm, The Fan Base. Vincenzo is a well-known marketing guru who advises major league sports franchises on how to maximize the revenue from their teams' brands and logos. Sasha, meanwhile, is mostly silent in the operation. He has invested $2 million to get The Fan Base off the ground, and in return he receives 25% of the firm's annual profits. The Fan Base is organized as a Group of answer choices corporation. limited liability company (LLC). sole proprietorship. general partnership. limited partnership.
Answer: limited partnership
Explanation:
With the description given in the question, the The Fan Base is organized as a limited partnership. A limited partnership has a general partner, whom has an unlimited liability and a limited partner.
A limited partnership is when two or more partners go into business together, and in this case, the limited partners will be liable only up to the amount that they invested in the business.
Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2017, 11,250 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 14,000 direct labor hours. All materials purchased were used.
Cost Element Standard (per unit) Actual
Direct materials 8 yards at $4.40 per yard $375,575 for 90,500 yards
($4.15 per yard)
Direct labor 1.2 hours at $13.40 per hour $200,925 for 14,250 hours
($14.10 per hour)
Overhead 1.2 hours at $6.10 per hour $49,000 fixed overhead $37,000 variable
overhead (fixed $3.50; variable $2.60)
Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $49,000, and budgeted variable overhead was $36,400
Compute the total, price, and quantity variances for (1) materials and (2) labor. (Round answers to 0 decimal places, e.g. 125.)
Answer: See explanation
Explanation:
1. The total, price, and quantity variances for materials will be:
Actual Production = 11250
Standard Quantity of Direct Material Required per unit = 8
Standard Quantity of Direct Material required (SQ) = 11250*l × 8 = 90000
Standard Price per Yard (SP) = 4.4
Actual Direct Material (AQ) = 90500
Actual Price per Pound (AP) = 4.15
Total Material Variance:
= (SP × SQ) - (AP × AQ)
= (4.40 × 90000) - (4.15 × 90500)
= 396000 - 375575
= 20425
Direct Material Price Variance:
= AQ × (SP - AP)
= 90500 × (4.40 - 4.15)
= 90500 × 0.25
= 22625 Favourable
Direct materials quantity variance:
= SP × (SQ - AQ)
= 4.40 × (90000 - 90500)
= 4.40 × -500
= -2200 Unfavourable
2. The total, price, and quantity variances for labor will be:
Actual Production = 11250
Standard Hours Required per unit = 1.2
Standard Hours required (SH) = 11250 × 1.20 = 13500
Standard Rate per Hour (SR) = 13.4
Actual Hours required (AH) = 14250
Actual Rate per Hour (AR) = 14.1
Total Labour Variance:
= (SR × SH) - (AR × AH)
= (13.40 × 13500) - (14.10 × 14250)
= 180900 - 200925
= -20025 Unfavourable
Dircet Labour RateVariance:
= AH × (SR - AR)
= 14250 × (13.40 - 14.10)
= 14250 × -0.7
= -9975 Unfavourable
Direct Labour efficiency variance:
= SR × (SH - AH)
= 13.40 × (13500 - 14250)
= 13.40 × -750
= -10050 Unfavourable
Fill in the missing numbers for the following income statement. (Input all amounts as positive values. Do not round intermediate calculations.) a.Calculate the OCF. (Do not round intermediate calculations.) b.What is the depreciation tax shield
Full question:
Fill in the missing numbers for the following income statement. (Input all amounts as positive values. Do not round intermediate calculations.)
Sales $ 687,900
Costs $442,800
Depreciation $115,400
EBIT $
Taxes (30%)
Net income $
OCF
What is the depreciation tax shield?
Answer:
Operating Cash Flow(OCF)= $206190
Depreciation tax shield = $34620
Explanation:
To calculate Depreciation tax shield:
Depreciation×tax rate= $115400×0.30=$34620
Operating Cash flow(OCF)= Earnings before interest and taxes(EBIT)+depreciation - income tax expense
So we calculate EBIT and Income tax expense
EBIT= Sales - cost of good sold - depreciation expense
= $ 687,900-$442,800-$115,400= $129,700
Income tax expense= (Sales - cost of goods sold - depreciation expense) × tax rate
=($687900-$442800-$115400)×0.30
=$38910
Therefore, Operating Cash flow(OCF)= $129,700+$$115,400-$38910= $206190
A small firm intends to increase the capacity of a bottleneck operation by adding a new machine. Two alternatives, A and B, have been identified, and the associated costs and revenues have been estimated. Annual fixed costs would be $36,000 for A and $31,000 for B; variable costs per unit would be $7 for A and $11 for B; and revenue per unit would be $18.
Requied:
a. Determine each alternativeâs break-even point in units.
b. At what volume of output would the two alternatives yield the same profit?
c. If expected annual demand is 10,000 units, which alternative would yield the higher profit?
Answer:
Results are below.
Explanation:
Giving the following information:
Alternative A:
Fixed costs= $36,000
Unitary variable cost= $7
Selling price= $18
Alternative B:
Fixed costs= $31,000
Unitary variable cost= $11
Selling price= $18
First, we need to calculate the break-even point in units for each alternative:
Break-even point in units= fixed costs/ contribution margin per unit
Alternative A= 36,000 / (18 - 7)= 3,273
Alternative B= 31,000 / (18 - 11)= 4,429
Now, we equal the indifference point:
36,000 + 7x = 31,000 + 11x
x= number of units
5,000 = 4x
1,250 = x
The indifference point is 1,250 units.
Finally, 10,000 units are sold:
Alternative A:
Net income= 10,000*(18 - 7) - 36,000
Net income= $74,000
Alternative B:
Net income= 10,000*(18 - 11) - 31,000
Net income= $39,000
15. Assume that Bullen issued 12,000 shares of common stock, with a $5 par value and a $47 fair value, to obtain all of Vicker's outstanding stock. In this acquisition transaction, how much goodwill should be recognized
Answer:
$104,000
Explanation:
Note: The full question is attached as picture below
Fair value of net assets = Cash and receivables + Inventory + Land + Buildings (net) + Equipment (net) - Liabilities
Fair value of net assets = $70,000 + 210,000 + 240,000 + 270,000 + 90,000 - 420,000
Fair value of net assets = $460,000
Purchase consideration paid = 12,000*$47
Purchase consideration paid = $564,000
Goodwill recognized = Purchase consideration - Fair value of net assets
Goodwill recognized = $564,000 - $460,000
Goodwill recognized = $104,000
Nathan, George, and Bill have formed a partnership and the partnership agreement states that Nathan will receive 40% of the profits and George and Bill will share the remainder equally. During the current year, the partnership earns $120,000. What is the closing entry to record the allocation of partnership income
Answer:
Profits will be distributed in the following way:
Nathan will receive $120,000 x 40% = $48,000
George will receive $120,000 x 30% = $36,000
Bill receive $120,000 x 30% = $36,000
Total = $120,000
Journal entry
Dr Income summary 120,000
Cr Capital, Nathan 48,000
Cr Capital, George 36,000
Cr Capital, Bill 36,000
The BRS Corporation makes collections on sales according to the following schedule:45% in month of sale50% in month following sale5% in second month following saleThe following sales have been budgeted:Sales April $ 160,000May $ 180,000June $ 170,000Budgeted cash collections in June would be:___________a) $170,800b) $166,500c) $170,000d) $174,500
Answer:
$170,500
Explanation:
Calculation to determine what the Budgeted cash collections in June would be
Cash collections for June:March credit sales collected in June ($160,000 × 45%)$72,000
February credit sales collected in June ($180,000 × 50%) $90,000
January credit sales collected in June ($170,000 × 5%) $8,500
Total cash collections in June $170,500
Therefore the Budgeted cash collections in June would be:$170,500
The unadjusted trial balance of PS Music as of July 31, 2016, along with the adjustment data for the two months ended July 31, 2016, are shown in Chapter 3. Based upon the adjustment data, the following adjusted trial balance was prepared:
PS Music
ADJUSTED TRIAL BALANCE
July 31, 2016
ACCOUNT TITLE DEBIT CREDIT
1 Cash 9,945.00
2 Accounts Receivable 4,150.00
3 Supplies 275.00
4 Prepaid Insurance 2,475.00
5 Office Equipment 7,500.00
6 Accumulated Depreciation
-Office Equipment 50.00
7 Accounts Payable 8,350.00
8 Wages Payable 140.00
9 Unearned Revenue 3,600.00
10 Common Stock 9,000.00
11 Retained Earnings
12 Dividends 1,750.00
13 Income Summary
14 Fees Earned 21,200.00
15 Wages Expense 2,940.00
16 Office Rent Expense 2,550.00
17 Equipment Rent
Expense 1,375.00
18 Utilities Expense 1,215.00
19 Music Expense 3,610.00
20 Advertising Expense 1,500.00
21 Supplies Expense 925.00
22 Insurance Expense 225.00
23 Depreciation Expense 50.00
24 Miscellaneous Expense 1,855.00
25 Totals 42,340.00 42,340.00
Required:
1. (Optional) Using the data from Chapter 3, prepare an end-of-period spreadsheet on a sheet of paper or using spreadsheet software.
2. Prepare an income statement, a retained earnings statement, and a balance sheet.*
3.
A. Journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles.
B. Post the closing entries. The income summary account is #34 in the ledger of PS Music. Indicate closed accounts by inserting a 0 (zero) in either of the Balance columns opposite the closing entry. No entry is required in theItem column.
4. Prepare a post-closing trial balance.
Answer:
PS Music
1. End of Period Spreadsheet
13 Income Summary (Temporary accounts)
14 Fees Earned 21,200.00
15 Wages Expense 2,940.00
16 Office Rent Expense 2,550.00
17 Equipment Rent Expense 1,375.00
18 Utilities Expense 1,215.00
19 Music Expense 3,610.00
20 Advertising Expense 1,500.00
21 Supplies Expense 925.00
22 Insurance Expense 225.00
23 Depreciation Expense 50.00
24 Miscellaneous Expense 1,855.00
Statement of Retained Earnings (Temporary accounts)
11 Retained Earnings
12 Dividends 1,750.00
Balance Sheet (Permanent accounts)
1 Cash 9,945.00
2 Accounts Receivable 4,150.00
3 Supplies 275.00
4 Prepaid Insurance 2,475.00
5 Office Equipment 7,500.00
6 Accumulated Depreciation
-Office Equipment 50.00
7 Accounts Payable 8,350.00
8 Wages Payable 140.00
9 Unearned Revenue 3,600.00
10 Common Stock 9,000.00
11 Retained Earnings
2. PS Music
Income Statement for the year ended July 31, 2016
14 Fees Earned $21,200.00
15 Wages Expense $2,940.00
16 Office Rent Expense 2,550.00
17 Equipment Rent Expense 1,375.00
18 Utilities Expense 1,215.00
19 Music Expense 3,610.00
20 Advertising Expense 1,500.00
21 Supplies Expense 925.00
22 Insurance Expense 225.00
23 Depreciation Expense 50.00
24 Miscellaneous Expense 1,855.00 $16,245.00
Net income $4,955.00
Statement of Retained Earnings for the year ended July 31, 2016
11 Retained Earnings
Net income $4,955.00
12 Dividends 1,750.00
Retained Earnings $3,205.00
Balance Sheet as of July 31, 2016
1 Cash 9,945.00
2 Accounts Receivable 4,150.00
3 Supplies 275.00
4 Prepaid Insurance 2,475.00
Current assets $16,845.00
5 Office Equipment 7,500.00
6 Accumulated Depreciation (50.00) $7,450.00
Total assets $24,295.00
Liabilities
7 Accounts Payable 8,350.00
8 Wages Payable 140.00
9 Unearned Revenue 3,600.00 $12,090.00
10 Common Stock 9,000.00
11 Retained Earnings 3,205.00 $12,275.00
Total liabilities and equity $24,295.00
3. A. Closing Journal Entries:
14 Debit Fees Earned $21,200.00
13 Credit Income Summary $21,200.00
To close the Fees Earned to Income Summary.
13 Debit Income Summary $16,245.00
Credit:
15 Wages Expense 2,940.00
16 Office Rent Expense 2,550.00
17 Equipment Rent Expense 1,375.00
18 Utilities Expense 1,215.00
19 Music Expense 3,610.00
20 Advertising Expense 1,500.00
21 Supplies Expense 925.00
22 Insurance Expense 225.00
23 Depreciation Expense 50.00
24 Miscellaneous Expense 1,855.00
To close the expenses to the Income Summary.
13 Debit Income Summary $4,955.00
11 Credit Retained Earnings $4,955.00
To close the net income to retained earnings.
11 Debit Retained Earnings $1,750.00
12 Credit Dividends $1,750.00
To close the dividends to retained earnings.
B. Posting the closing entries:
14 Fees Earned
ACCOUNT TITLE DEBIT CREDIT
Balance 21,200.00
Income Summary 21,200.00
15 Wages Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 2,940.00
Income Summary 2,940.00
16 Office Rent Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 2,550.00
Income Summary 2,550.00
17 Equipment Rent Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 1,375.00
Income Summary 1,375.00
18 Utilities Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 1,215.00
Income Summary 1,215.00
19 Music Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 3,610.00
Income Summary 3,610.00
20 Advertising Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 1,500.00
Income Summary 1,500.00
21 Supplies Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 925.00
Income Summary 925.00
22 Insurance Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 225.00
Income Summary 225.00
23 Depreciation Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 50.00
Income Summary 50.00
24 Miscellaneous Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 1,855.00
Income Summary 1,855.00
11 Retained Earnings
ACCOUNT TITLE DEBIT CREDIT
Income Summary 4,955.00
Dividends 1,750.00
Balance 3,205.00
12 Dividends
ACCOUNT TITLE DEBIT CREDIT
Balance 1,750.00
11 Retained Earnings 1,750.00
4. Post-Closing Trial Balance
August 1, 2016
ACCOUNT TITLE DEBIT CREDIT
1 Cash 9,945.00
2 Accounts Receivable 4,150.00
3 Supplies 275.00
4 Prepaid Insurance 2,475.00
5 Office Equipment 7,500.00
6 Accumulated Depreciation
-Office Equipment 50.00
7 Accounts Payable 8,350.00
8 Wages Payable 140.00
9 Unearned Revenue 3,600.00
10 Common Stock 9,000.00
11 Retained Earnings 3,205.00
Total 24,345.00 24,345.00
Explanation:
a) Data and Calculations:
PS Music
ADJUSTED TRIAL BALANCE
July 31, 2016
ACCOUNT TITLE DEBIT CREDIT
1 Cash 9,945.00
2 Accounts Receivable 4,150.00
3 Supplies 275.00
4 Prepaid Insurance 2,475.00
5 Office Equipment 7,500.00
6 Accumulated Depreciation
-Office Equipment 50.00
7 Accounts Payable 8,350.00
8 Wages Payable 140.00
9 Unearned Revenue 3,600.00
10 Common Stock 9,000.00
11 Retained Earnings
12 Dividends 1,750.00
13 Income Summary
14 Fees Earned 21,200.00
15 Wages Expense 2,940.00
16 Office Rent Expense 2,550.00
17 Equipment Rent Expense 1,375.00
18 Utilities Expense 1,215.00
19 Music Expense 3,610.00
20 Advertising Expense 1,500.00
21 Supplies Expense 925.00
22 Insurance Expense 225.00
23 Depreciation Expense 50.00
24 Miscellaneous Expense 1,855.00
25 Totals 42,340.00 42,340.00
Explain the concept of the voice of the customer (VOC). Why would a clear VOC process be important in the supplier to receiving organization relationship
Answer:
See the explanation below.
Explanation:
a. Explain the concept of the voice of the customer (VOC).
Voice of the customer (VOC) can be described as a detailed process of collecting data on expectations, preferences, and aversions of a customer.
VOC means emphasizing the consumer, their opinions, experiences, and input about the brand of a company.
b. Why would a clear VOC process be important in the supplier to receiving organization relationship?
Voice of Customer process gives a company the opportunity to listen to each customer, act on their feedback, and analyze the data to improve operations. Therefore, the company would be able to avoid potential problems for future customers by being attentive and responsive, and it can obtain immediate benefit from customers who provide positive feedback.
The ability to measure a customer's experience at important touch points in real time is one of the key advantages of VOC process. Therefore, one of the best things a company can do is just ask its customers what they want and create a relationship from there.
Problems and Applications Q8 Suppose that the government decides to issue tradable permits for a certain form of pollution. In terms of economic efficiency in the market for pollution, having the government auction the permits off is distributing them to firms. True or False: If the government chooses to distribute the permits, the allocation of permits among firms does not matter for efficiency, but it would affect the distribution of wealth. True False
Answer:
1. False
2. True
Explanation:
Tradable permits issued to firms, there will be no effect on economic efficiency for the market of pollution permit. The revenue of government will be increase by selling and auctioning those permits.
Rules of Debit and Credit The following table summarizes the rules of debit and credit. Indicate whether the proper answer is a debit or a credit. Increase Decrease Normal Balance Balance sheet accounts: Asset Credit Liability Credit Stockholders' equity: Common Stock Credit Retained Earnings Credit Dividends Debit Credit Income statement accounts: Revenue
The table represents the normal debit balance of the following accounts also the increment or decrement related to these accounts is as follows:
The following information should be considered:
The asset, dividend & expenses contains the normal debit balance. And, the liability & equity should contain the normal credit balance.Particulars Increase decrease normal balance
Asset debit credit debit
liability credit debit credit
common stock credit debit credit
retained earnings credit debit credit
dividend debit credit debit
revenue credit debit credit
expense debit credit debit
In this way, the above table should be presented.
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The process for converting present values into future values is called________________.
Answer:
Compounding.
Explanation:
Compounding is typically an accounting process used for the conversion of present values of an asset, investment or money into future values.
Generally, a compound interest is calculated based on the interest rate on a loan, principal and the accumulated interest gained from previous periods. This interests is compounded for a certain number of times such as daily, weekly, quarterly or annually.
Mathematically, to find the future value from the present value of an asset or investment, we would use the compound interest formula;
[tex] A = P(1 + \frac{r}{n})^{nt}[/tex]
Where;
A is the future value. P is the principal or starting amount. r is annual interest rate. n is the number of times the interest is compounded in a year. t is the number of years for the compound interest.The discount rate is the interest rate banks charge their best customers. the interest rate banks charge each other for overnight loans. the interest rate the U.S. Treasury pays on Treasury Bills. the interest rate the Fed charges to banks for loans from the Fed.
Describe the key stages in integrating total quality management into the strategy of an international petrochemical company
Answer:
Total quality management (TQM) describes a management approach to long-term success through customer satisfaction. In a TQM effort, all members of an organization participate in improving processes, products, services, and the culture in which they work.Explanation:
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Crossfade Corp. has a bond with a par value of $2,000 that sells for $1,956.84. The bond has a coupon rate of 6.84 percent and matures in 24 years. If the bond makes semiannual coupon payments, what is the YTM of the bond
Answer:
Semestral rate= 3.51%
Annual rate= 7.02%
Explanation:
Giving the following information:
Par value= $2,000
Present value= $1,956.84
Coupon= (0.0684/2)*2,000= $68.4
Number of periods= 24*2= 48 semesters
To calculate the YTM, we need to use a financial calculator:
Function= CMPD
n= 48
I%= SOLVE = 3.51%
PV= 1,956.84
PMT= -68.4
FV= -2,000
Semestral rate= 3.51%
Annual rate= 3.51*2= 7.02%
Huprey Co. is the defendant in the following legal claims. For each of the following claims, indicate whether Huprey should (a) record a liability, (b) disclose in notes, or (c) have no disclosure.
Answer:
Record a liability.Disclose in notes.Have no disclosure.Explanation:
A contingent liability should only be recorded if the likelihood of it happening is known and the value can reasonably be estimated.
In the first scenario, it is likely that Huprey will lose so the likelihood is known. The value can also be reasonably estimated to be $1,070,000 so this should be recorded as a liability.
In the second scenario, the likelihood is known but the value cannot be estimated. In such a case, simply disclose this possibility in the notes of the financial statement.
For the third scenario, the possibility of the liability being incurred is remote so there is no need to either record or disclose the liability.
Suppose two factors are identified for the U.S. economy: the growth rate of industrial production, IP, and the inflation rate, IR. IP is expected to be 4% and IR 6%. A stock with a beta of 1 on IP and 0.4 on IR currently is expected to provide a rate of return of 14%. If industrial production actually grows by 5%, while the inflation rate turns out to be 7%, what is your best guess for the rate of return on the stock? (Round your answer to 1 decimal place.)
Answer:
15.4%
Explanation:
Calculation to determine your best guess for the rate of return on the stock
The revised estimate on the rate of return on
the stock would be:
Before
14% = α +[4%*1] + [6%*0.4]
α = 14% - 6.4%
α = 7.6%
With the changes:
7.6% + [5%*1] + [7%*0.4]
= 7.6% + 5% + 2.8%
= 15.4%
Therefore your best guess for the rate of return on the stock will be 15.4%
Why has Zara been successful? What are its value and cost drivers? How does it protect them? How well does it grow and innovate over time? In what activities? Why?
Answer:
1. Zara's success is founded largely on its brand positioning.
From the onset, Zara defined its brand value to be about putting the customers first. Some sources state that they are obsessed with their customers.
Another key strenght is that they have a broad spectrum of customers. They have products for all age groups.
In addition to the above, Zara is known for it's speed and agility when responding to current trends
2. Values and Cost Drivers:
Its core values revolve around four simple factors:
beautyclarity functionality, and sustainabilityHer cost drivers include but are not limited to the following:
Zara invests in its ability to create a vast number of designs. It focuses on creating more styles than more products per styleZara also invests on consumer insights. It has a strong ability to identify, and respond to demand and trends in the short possible timeZara has also invested in technology systems that allow information to travel all across its entire chain very quicklyAlso, as part of its brand communications strategy, it invests more into creating more stores than it does on sales and advertisements.3. Zara protects its value by placing priority on people
4. Innovation: whilst Zara's core business has flourished, it was a bit of a latecomer to th mobile commerce business. In order for Zara to keep growing, it must review its pricing strategy and place more premium on quality. This is because many competitors are beginning to cut prices with the view of taking up some of Zara's shares and possibly overtaking them in the market.
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Sandra is purchasing a home with a first mortgage loan for $548,250, which is the conforming loan limit for the area where she lives at the time that she secures approval. Her interest rate is not a prime rate, and in order to determine if it triggers the threshold for higher-priced mortgage loans, her creditor must determine if the APR for the loan exceeds the average prime offer rate by:
Question Completion with Options:
2.5 percentage points
1.5 percentage points
3.5 percentage points
6.5 percentage points
Answer:
Sandra's creditor must determine if the APR for the loan exceeds the average prime offer rate by:
1.5 percentage points
Explanation:
The first mortgage loan principal should not exceed the conforming loan limit for the area where Sandra lives at the time that she secures the loan approval. It behooves on Sandra’s creditor to determine if the annual percentage rate (APR) for the mortgage loan exceeds the average prime offer rate (or the sample rate that is a representative of the APRs charged by creditors for mortgage loans that have low-risk pricing characteristics) by 1.5 percentage points.
