Services can be classified according to whether they are delivered by people or equipment, whether they are for business firms or nonprofit organizations, and whether they are government sponsored.
A service business is one where the buyer's perception of the value of the offering is mostly based on the services rendered to him rather than the products made available. All intangible services offered to the customer fall under this category. Services can be categorised as either equipment- or people-based services.
People-based services are those that are largely provided by humans as opposed to tools or machinery. The people providing the service, as well as the information and abilities they have, offer value and make the service possible. Equipment-based service companies carry out service activities using equipment, machinery, and other types of technology.
Know more about Services here
https://brainly.com/question/28932088
#SPJ4
The question seems incomplete. The complete question is:
Services can be classified according to whether they are delivered by ____________, whether they are for ___________, and whether they are __________.
1. Suppose a government has no debt and a balanced budget. Suddenly it decides to spend $5
trillion while raising only $4. 5 trillion worth of taxes.
(a) What will be the government's deficit?
(b) If the government finances the deficit by issuing bonds, what amount of bonds will it
issue?
(c) At a 4 percent rate of interest, how much interest will the government pay each year?
(d) Add the interest payment to the government's $5 trillion expenditures for the next year,
and assume that taxes remain at $4. 5 trillion. In the second year, compute the
(i) Deficit
(ii) Amount of new debt (bonds) issued.
(iii) Total debt at end of year.
(iv) Debt service requirement
The government's deficit, given that it decides to spend $5 trillion while raising only $4.5 trillion worth of taxes, will be $0.5 trillion (5 - 4.5 = 0.5).
To finance this deficit by issuing bonds, the government will need to issue $0.5 trillion worth of bonds.
At a 4 percent rate of interest, the government will pay $0.02 trillion (0.5 x 0.04) in interest each year. Adding the interest payment to the government's $5 trillion expenditures for the next year and assuming that taxes remain at $4.5 trillion, the second-year figures are as follows:
(i) Deficit: $5.02 trillion (5 + 0.02) in expenditures minus $4.5 trillion in taxes = $0.52 trillion
(ii) Amount of new debt (bonds) issued: $0.52 trillion
(iii) Total debt at end of the year: $0.5 trillion (initial debt) + $0.52 trillion (new debt) = $1.02 trillion
(iv) Debt service requirement: 4% of $1.02 trillion = $0.0408 trillion or $40.8 billion
To know more about government's deficit, refer here:
https://brainly.com/question/29617820#
#SPJ11
Complete question:
1. Suppose a government has no debt and a balanced budget. Suddenly it decides to spend $5
trillion while raising only $4. 5 trillion worth of taxes.
(a) What will be the government's deficit?
(b) If the government finances the deficit by issuing bonds, what amount of bonds will it
issue?
(c) At a 4 percent rate of interest, how much interest will the government pay each year?
(d) Add the interest payment to the government's $5 trillion expenditures for the next year,
and assume that taxes remain at $4. 5 trillion. In the second year, compute the
(i) Deficit
(ii) Amount of new debt (bonds) issued.
(iii) Total debt at end of year.
(iv) Debt service requirement
In order to curb CO2 emissions, the government creates a cap-and-trade system for freight companies that use semi-trailer trucks to move freight. Some freight companies have already spent lots of money investing in low-emission trucks or even developing battery technologies to decrease emissions. Other companies have invested nothing to decrease their emissions. Answer the following questions to explain how the cap-and-trade program, if implemented successfully, will decrease emissions.
a. Using cap-and-trade, the government could restrict pollution by placing a _______on the amount of emissions each company may emit through the issue of permits.
b. One feature of the cap-and-trade policy is that permits can be traded between the "greener" companies that have already invested in emission lowering technologies and those that have not
The cap-and-trade policy will incentivize all freight companies to decrease their emissions by setting a limit or "cap" on the total amount of emissions that they can produce.
The companies will be required to obtain permits equal to the amount of emissions they produce.
Those companies that have already invested in low-emission technologies will have extra permits, which they can sell to companies that have not yet invested in such technologies.
This will encourage the latter companies to decrease their emissions by purchasing the permits from the "greener" companies rather than paying a penalty for exceeding their emissions limit.
The permit trading system creates a financial incentive for companies to reduce their emissions while also ensuring that the overall emissions target is met.
Therefore, the cap-and-trade policy will encourage all freight companies to reduce their emissions in order to avoid having to purchase permits from other companies.
To know more about incentivize refer here:
https://brainly.com/question/1798485#
#SPJ11
The accounting records of Roland Manufacturing Company include the following information:
Dec. 31 Jan. 1
Work in process inventory $20,000 $50,000
Finished goods inventory 120,000 150,000
Direct materials used 350,000
Direct labor 160,000
Selling expenses 125,000
Manufacturing overhead is applied at a rate of 150% of direct labor cost.
What is the total of the debits to Work in Process Inventory during the year?
The total of the debits to Work in Process Inventory during the year for Roland Manufacturing Company will be $750,000.
To calculate this, we need to consider the direct materials used, direct labor, and manufacturing overhead costs.
Step 1: Calculate the manufacturing overhead cost.
Manufacturing overhead is applied at a rate of 150% of direct labor cost. So, we need to multiply the direct labor cost by 150%:
Manufacturing overhead = Direct labor × 150%
Manufacturing overhead = $160,000 × 1.5
Manufacturing overhead = $240,000
Step 2: Add direct materials used, direct labor, and manufacturing overhead costs.
Total debits to Work in Process Inventory = Direct materials used + Direct labor + Manufacturing overhead
Total debits to Work in Process Inventory = $350,000 + $160,000 + $240,000
Total debits to Work in Process Inventory = $750,000
Thus, the total of the debits to Work in Process Inventory during the year is $750,000.
To know more about work in process, visit https://brainly.com/question/28297174
#SPJ11
The correct answer: the total debits to Work in Process Inventory during the year were $750,000.
Step 1:
Beginning balance of Work in Process Inventory (Jan. 1) = $50,000
Ending balance of Work in Process Inventory (Dec. 31) = $20,000
Therefore, the decrease in Work in Process Inventory during the year is $30,000 (i.e. $50,000 - $20,000).
Step 2:
To determine the total debit to the Work in Process Inventory, we need to consider the costs that were added to it during the year. These costs include Direct Materials, Direct Labor, and Manufacturing Overhead (applied at a rate of 150% of Direct Labor cost).
Step 3:
Total cost added to Work in Process Inventory = Direct Materials + Direct Labor + Manufacturing Overhead
= $350,000 + $160,000 + (150% x $160,000)
= $350,000 + $160,000 + $240,000
= $750,000
For Further Information on Accounting Records and process inventory of a company visit:
https://brainly.com/question/28297174
#SPJ11
King, incorporated, has debt outstanding with a face value of $5. 7 million. The value of the firm if it were entirely financed by equity would be $26. 2 million. The company also has 400,000 shares of stock outstanding that sell at a price of $53 per share. The corporate tax rate is 22 percent. What is the decrease in the value of the company due to expected bankruptcy costs? (do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e. G. , 1,234,567. )
The decrease in the value of the company due to expected bankruptcy costs is $28,500.
The value of the firm's equity is:
Equity value = $26.2 million - $5.7 million = $20.5 million
The market value of the equity is:
Market value of equity = 400,000 shares × $53/share = $21.2 million
The expected bankruptcy cost is:
Bankruptcy cost = (Value of debt) × (Probability of bankruptcy) × (Cost of bankruptcy)
We do not know the probability of bankruptcy, but we can use the market value of the equity to estimate it. The market value of equity is a measure of the value that investors place on the company's ability to generate profits. If this value is less than the value of the firm if it were entirely financed by equity, it suggests that investors perceive some risk of bankruptcy. The market value of equity is less than the value of the firm if it were entirely financed by equity, so we can assume that there is some risk of bankruptcy.
Let's assume a conservative probability of bankruptcy of 5%. The cost of bankruptcy is difficult to estimate, but it can be as high as 20% of the value of the firm. Let's assume a cost of bankruptcy of 10%. Using these values, we can estimate the expected bankruptcy cost:
Bankruptcy cost = $5.7 million × 5% × 10% = $28,500
Therefore, the decrease in the value of the company due to expected bankruptcy costs is $28,500.
Learn more about bankruptcy Visit: brainly.com/question/27220195
#SPJ4
In the ______ approach, change is accomplished by persuading people that a change is necessary, providing data to support the argument, and justifying the need for change.
a) normative-reeducative
b) power-coercive
c) empirical-rational
d) environmental-adaptive
In the c) empirical-rational approach, change is accomplished by persuading people that a change is necessary, providing data to support the argument, and justifying the need for change.
The empirical-rational approach focuses on implementing change by presenting logical reasoning and empirical evidence to convince individuals of the need for change.
It involves providing data, facts, and rational arguments to support the proposed change and justify its necessity. This approach assumes that people are rational beings who will be convinced by the logical case for change.
It emphasizes the use of information, analysis, and persuasive techniques to gain acceptance and commitment from individuals involved in the change process. By presenting a strong case backed by evidence, the empirical-rational approach aims to overcome resistance to change and facilitate its successful implementation.
To know more about empirical-rational refer here:
https://brainly.com/question/457062#
#SPJ11
Should the Southern Trade Union (STU) carry out their threat of industrial action, describe four (4) tactics that they may use
If the Southern Trade Union (STU) decides to carry out its threat of industrial action, it may use the following four tactics:
1. Strikes: The STU may organize strikes, where workers collectively stop working to protest against the employer's policies or conditions. This can put pressure on the employer to address the workers' concerns and negotiate with the union.
2. Work-to-rule: In this tactic, STU members strictly follow the rules, guidelines, and procedures laid out in their contracts. By doing this, they aim to disrupt the normal flow of operations and emphasize the importance of their roles, leading the employer to address their grievances.
3. Picketing: STU members can engage in picketing outside their workplace, holding signs and peacefully protesting their employer's practices. This tactic raises public awareness about the issues at hand and may encourage the employer to make changes.
4. Boycotts: The STU may call for a boycott of the employer's products or services, urging consumers to refrain from purchasing until the workers' demands are met. This can result in a loss of revenue for the employer, motivating them to negotiate with the union.
In summary, if the Southern Trade Union decides to carry out industrial action, they may use tactics such as strikes, work-to-rule, picketing, and boycotts. These methods are aimed at pressuring the employer to address the workers' concerns and negotiate with the union to reach a satisfactory resolution.
To know more about tactics refer here:
https://brainly.com/question/30169545#
#SPJ11
The standard time required to complete a work is 15 hours. Normal piece rate is Ro 3 per hour. Ms. Amna completed work in 12 hours. Find the total earnings of Ms. Amna as per the Rowan plan.
a. 40.0
b. 35.0
c. 36.0
d. 43.2
As per the Rowan plan, the total earnings of Ms. Amna is Ro 36. Therefore, the correct option is C.
The Rowan plan is a method of wage payment where an employee is paid based on the amount of work completed in a given time frame. In this case, Ms. Amna completed the work in 12 hours, which is 3 hours less than the standard time required.
To calculate Ms. Amna's earnings as per the Rowan plan, we can use the formula:
Total earnings = (Time taken / Standard time) x Total pay
Here, the time taken by Ms. Amna is 12 hours, the standard time is 15 hours, and the total pay is the product of the normal piece rate and the standard time, which is:
Total pay = Ro 3 per hour x 15 hours = Ro 45
Now, substituting the values in the formula, we get:
Total earnings = (12 / 15) x Ro 45 = Ro 36
Therefore, the total earnings of Ms. Amna as per the Rowan plan is Ro 36, which is option C.
Learn more about Wage:
https://brainly.com/question/29251394
#SPJ11
lbc corporation makes and sells a product called product wz. each unit of product wz requires 3.0 hours of direct labor at the rate of $26.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the budgeted direct labor cost per unit of product wz would be:
If each unit of product wz requires 3.0 hours of direct labor at the rate of $26.00 per direct labor-hour, the budgeted direct labor cost per unit of Product WZ would be $78.00.
To calculate the budgeted direct labor cost per unit of Product WZ, we need to take into account the direct labor rate and the amount of direct labor required to produce one unit of Product WZ.
From the information given in the question, we know that each unit of Product WZ requires 3.0 hours of direct labor at a rate of $26.00 per direct labor-hour.
To calculate the budgeted direct labor cost per unit of Product WZ, we simply multiply the direct labor rate by the amount of direct labor required per unit, as follows:
Budgeted Direct Labor Cost per Unit of Product WZ = Direct Labor Rate x Direct Labor Hours per Unit
Budgeted Direct Labor Cost per Unit of Product WZ = $26.00 x 3.0 hours
Budgeted Direct Labor Cost per Unit of Product WZ = $78.00
To learn more about product click on,
https://brainly.com/question/15682530
#SPJ4
according to the chapter case, which of the following statements about cisco's ix5000 telepresence system is not true? produban was the first company to deploy the ix5000 system. a six-seat ix500 system costs about $500,000. the ix5000 system needs only half the power, installation time, and data transmission capacity (bandwidth) as cisco's previous telepresence systems. the ix5000 system is able to capture an entire room in fine detail. no special changes to a room are required to install the ix5000 system.
Based on the information provided in the chapter case, the statement "Produban was the first company to deploy the ix5000 system" is not true.
The other statements about Cisco's ix5000 telepresence system are mentioned in the chapter case and can be confirmed false:
"No special changes to a room are required to install the ix5000 system." (False): The chapter case mentions that while the ix5000 system is designed to be compact and easy to install, some minor modifications to the room may be required, such as mounting the system on the wall and installing ceiling microphones.In conclusion, based on the information provided in the chapter case, the statement "Produban was the first company to deploy the ix5000 system" is false. The other statements about Cisco's ix5000 telepresence system are confirmed as true, except for the statement about special changes to the room, which is confirmed as false.
Learn more about “ telepresence system “ visit here;
https://brainly.com/question/15728618
#SPJ4
Companies benefit from employee balance because, compared to poorly balanced employees, well balanced employees __________. a. stay in their jobs longer b. are more productive c. have higher job satisfaction d. all of the above please select the best answer from the choices provided a b c d
Companies benefit from employee balance because, compared to poorly balanced employees, well balanced employees all of the above. The correct option is d. all of the above.
This means that compared to poorly balanced employees, well-balanced employees:
a. Stay in their jobs longer: When employees have a good work-life balance, they are less likely to experience burnout and dissatisfaction with their jobs. As a result, they tend to remain with the company for longer periods, reducing employee turnover and the associated costs of recruitment and training.
b. Are more productive: Well-balanced employees are better equipped to manage their time and energy effectively, leading to increased productivity. They can focus on their work without being overwhelmed by stress or personal issues, which allows them to accomplish tasks more efficiently.
c. Have higher job satisfaction: Employees who are able to maintain a healthy balance between work and personal life are generally happier and more satisfied with their jobs. This increased job satisfaction can lead to higher levels of employee engagement and commitment to the company's goals.
In conclusion, well-balanced employees provide numerous benefits for companies, including increased retention, productivity, and job satisfaction. By fostering a supportive environment that encourages work-life balance, companies can maximize the potential of their workforce and enhance overall organizational performance. The correct option is d. all of the above.
For more about employee balance:
https://brainly.com/question/3640202
#SPJ11
For both articles, what can you tell me about the values of Harvard and Entrepreneur?
The article referenced is "If you want to be an entrepreneur, don't go to Harvard.
What are the values of the Harvard Graduate viz a- viz that of the Entrepreneur?Regardless of the size of the organization, "Core Values" should be prioritized. Values direct the path of business, influencing strategy and decision making. Essentially, basic principles serve as the foundation around which we develop our firm. Core Values provides several advantages to the firm.
Students at Harvard have access to classes, research institutions, and faculty mentors from around the university. It's the ideal location to explore your favorite and yet-to-be-discovered academic interests, with world-renowned teachers, cutting-edge resources, and personalized training.
Learn more about entrepreneurship:
https://brainly.com/question/31087040
#SPJ1
coy, inc. initially issued 360,000 shares of $1 par stock for $1,800,000 in 2019. in 2020, the company repurchased 36,000 shares for $360,000. in 2021, 18,000 of the repurchased shares were resold for $288,000. in its balance sheet dated december 31, 2021, coy, inc.'s treasury stock account shows a balance of:
Coy, Inc.'s treasury stock account balance as of December 31, 2021 is $1,728,000.
Treasury stock refers to the shares of a company's stock that it has bought back from its shareholders. The treasury stock account is a contra-equity account and is shown as a deduction from the total amount of shareholders' equity.
In this case, Coy, Inc. initially issued 360,000 shares of $1 par stock for $1,800,000 in 2019. This means that the original issue price was $5 per share ($1,800,000/360,000 shares). In 2020, the company repurchased 36,000 shares for $360,000.
This means that the cost per share was $10 ($360,000/36,000 shares). In 2021, 18,000 of the repurchased shares were resold for $288,000, which implies a sale price of $16 per share ($288,000/18,000 shares).
To calculate the balance of the treasury stock account, we need to subtract the cost of the repurchased shares from the initial proceeds received from issuing the stock, and then add back the proceeds from the resale of the shares.
Therefore, the balance of the treasury stock account as of December 31, 2021 would be:
$1,800,000 - ($360,000) + ($288,000) = $1,728,000
To learn more about stock click on,
https://brainly.com/question/16414434
#SPJ4
the risk management plan describes the methodology, roles and responsibilities, budgeting, timing, and risk categories for potential causes of risk. these risk categories can be structured into a hierarchical representation called a(n):
A risk breakdown structure (RBS) is a hierarchical representation of risk categories in a risk management plan.
Risk breakdown structure. The correct answer is c.
It provides a systematic way to organize and categorize potential causes of risk, allowing for easier identification, analysis, and mitigation of risks. The RBS helps in identifying and understanding the various risk categories and their relationships, and it serves as a useful tool for effective risk management planning and communication within a project or organization.
Learn more about “ risk breakdown structure (RBS) “ visit here;
https://brainly.com/question/13107396
#SPJ4
Complete Question
The risk management plan describes the methodology, roles and responsibilities, budgeting, timing, and risk categories for potential causes of risk. These risk categories can be structured into a hierarchical representation called a (n):
a. Risk register
b. Risk matrix
c. Risk breakdown structure
d. Risk mitigation plan
Acme corp. is a leading provider of radios to the commercial market. its products all rely on printed circuit-board technology. acme has protected its market leadership with continued advancements in this technology, which it patents. a competitor has developed a radio for this market with equal performance but uses a software-based technology instead of circuit boards
is acme's technology leadership(compeptitive advantage) sustainable? why/ why not (what capability tests does acme's technology leadership fail?)
Acme Corp.'s technology leadership in printed circuit-board technology has helped it maintain a competitive advantage in the commercial radio market. However, the emergence of a competitor using software-based technology with equal performance could pose a threat to Acme's sustainability in maintaining this competitive advantage.
Acme's technology leadership might fail several capability tests, which are essential to assess the sustainability of their competitive advantage:
1. Imitability: If the competitor's software-based technology is easier or more cost-effective to replicate than Acme's printed circuit-board technology, other competitors might adopt it, reducing Acme's advantage in the market.
2. Substitutability: The competitor's software-based technology might be a substitute for Acme's printed circuit-board technology, especially if it offers equal performance. This could potentially make Acme's technology less relevant and valuable in the market.
3. Adaptability: As technology advances, Acme needs to ensure its continued innovation in printed circuit-board technology to maintain its leadership. If Acme cannot adapt to the changing market needs and preferences, it might lose its competitive advantage to competitors with more adaptable technologies, like the software-based technology.
In conclusion, Acme's technology leadership and competitive advantage may not be sustainable in the long run if it fails the capability tests of imitability, substitutability, and adaptability. To maintain its market leadership, Acme should continually innovate and adapt its technology to stay ahead of competitors and respond to changing market demands.
To know more about sustainability , refer here :
https://brainly.com/question/29770722#
#SPJ11
According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 3. 8 percent between January and December 2016.
Required:
1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Computer Tycoon Inc. For the year ended December 31, 2016.
2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues.
2-b. Excluding income tax, interest, and operating expenses, did Computer Tycoon earn more profit per dollar of sales in 2016 compared to 2015?
According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 3. 8 percent between January and December 2016. Let’s see whether these changes are reflected in the income statement of Computer Tycoon Inc. For the year ended December 31, 2016.
2016 2015
Sales Revenue $ 100,000 $ 120,000
Cost of Goods Sold 60,000 71,500
Gross Profit 40,000 48,500
Selling, General, and Administrative Expenses 36,000 37,000
Interest Expense 500 475
Income before Income Tax Expense 3,500 11,025
Income Tax Expense 1,000 5,000
Net Income $ 2,500 $ 6,025
According to the producer price index database computer tycoon maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 3. 8 percent Between conduct a thorough investigation of PC Big Shot.
1a. We really want to figure out the changes from year to year in every detail for Consolidated's pay explanation for the year that ended on December 31, 2018. These progressions can be explained using both rates and dollar amounts. Then, by comparing the changes, we can see how the organisation behaved in 2018 as compared to the previous year.
2a. We really desire to communicate every aspect as a level of all out incomes in order to lead an upward research. We shall be able to understand the overall significance of each detail to the organization's general exposition thanks to this. Sales Revenue $ 100,000 $ 120,000
Cost of Goods Sold 60,000 71,500
Gross Profit 40,000 48,500
Selling, General, and Administrative Expenses 36,000 37,000.
Interest Expense 500 475
Income before Income Tax Expense 3,500 11,025
Income Tax Expense 1,000 5,000
Net Income $ 2,500 $ 6,025
2b. We need to calculate the net revenue for each year in order to determine whether PC Magnate received more net benefit per dollar of transactions in 2018 compared to 2017. Then, by comparing the edges, we can determine which year had a higher net overall revenue.
In summary, by conducting both horizontal and vertical analyses, we may gain insight into how PC Magnate behaved in 2018 and establish correlations with the previous year. We can also identify trends and areas where the organisation may need to improve its exhibition.
To know more about Computer tycoon visit:
https://brainly.com/question/31419109
#SPJ4
Dunkin Donuts sent 20,311 emails including a link to a web page where customers could order a dozen birthday donuts. Of these, 452 emails were blocked or sent to bad addresses. This email campaign produced 1,784 visits to the web page. Calculate Clickthrough Rate for this email campaign. Report as a percent. Report 25.5%, for example, as "25.5". Rounding: tenth of a percent.
The Clickthrough Rate for this Dunkin Donuts email campaign is 9%.
To calculate the Clickthrough Rate, follow these steps:We'll use the following formula:
Clickthrough Rate = (Number of visits to the web page / Total number of emails sent - Blocked or bad emails) * 100
First, we'll subtract the blocked or bad emails from the total number of emails sent:
20,311 - 452 = 19,859 (valid emails)
Next, we'll divide the number of visits to the web page (1,784) by the valid emails (19,859):
1,784 / 19,859 = 0.0898
Finally, we'll multiply this result by 100 to get the Clickthrough Rate as a percentage:
0.0898 * 100 = 8.98
Rounding to the nearest tenth of a percent, the Clickthrough Rate for this Dunkin Donuts email campaign is 9.0%.
Learn more about Clickthrough Rate:
https://brainly.com/question/29987743
#SPJ11
balance sheet and income statement data indicate the following: bonds payable, 8% (due in 15 years) $1,230,968 income before income tax for year 331,565 income tax for year 99,470 interest payable 33,000 interest receivable 19,000 interest expense 98,477 based on the data presented above, what is the times interest earned ratio? (round to two decimal places.)
The times interest earned ratio is 4.367.
From the question;
Bonds payable, 8% (due in 15 years) = $1,230,968
Income before income tax for year = $331,565
Income tax for year = $99,470
Interest payable = $33,000
Interest receivable = $19,000
Interest expense = $98,477
EBIT = Income Before Income Tax + Interest Expense
EBIT = $331,565 + $98,477
EBIT = $430,042
The times interest earned ratio is the amount of interest earned on an investment relative to the principal amount. The ratio is usually expressed as a percentage and is calculated by dividing the amount of interest earned by the principal amount.
Times Interest Earned Ratio = EBIT/Interest Expense
Times Interest Earned Ratio = $430,042/$98,477
Times Interest Earned Ratio = 4.367
To learn more about times interest earned ratio link is here
brainly.com/question/14084443
#SPJ4
Assume that you are currently profitable, but you are hearing rumblings that your corporate parent is in some financial trouble. you came into this role 3 months ago and you are winning awards for customer satisfaction (one of the key measurements is how long customers have to wait for a car). you have done some market study and found that customers will continue to provide superior feedback on satisfaction as long as they donât have to wait any longer than 30 minutes for the car of their choice. likewise they will give poor feedback if they have to wait over an hour.
each hmv costs $10,000 per year to have in the fleet when factoring in depreciation, maintenance, and amortized purchase price. corporate leadership has stated clearly that they need at least $500,000 per year more profit to stay viable as a company, and they have asked you to help identify savings. more savings could lead to a promotion, but only if you are able to maintain customer satisfaction levels.
required:
a. lay out a plan that saves the company at least $500,000 but maintains customer satisfaction levels in the coming year.
b. what is the very best you can do and keep wait times under an hour? aside from change the number of vehicles what else would you do to impact performance?
a. To save the company at least $500,000 while maintaining customer satisfaction levels, a possible plan could be to analyze the usage patterns of the fleet and optimize it accordingly. This could involve:
Identifying the most and least popular cars in the fleet: By analyzing the usage data, we can determine which cars are most popular and which ones are not used as often. We can then reduce the number of unpopular cars in the fleet and replace them with more popular ones.
Reducing the number of cars in the fleet: By reducing the number of cars in the fleet, we can save on the costs of depreciation, maintenance, and purchase price. However, this needs to be done carefully so that we do not impact customer satisfaction levels.
Implementing a car-sharing system: Instead of assigning a specific car to each customer, we could implement a car-sharing system where customers can choose from a pool of cars. This would reduce the number of cars needed in the fleet and save on costs.
Optimizing the maintenance schedule: By optimizing the maintenance schedule, we can reduce the costs associated with maintenance and ensure that the cars are always in good condition.
b. To keep wait times under an hour while also maximizing savings, we could consider implementing dynamic pricing. By charging higher prices for cars that are in high demand and lower prices for cars that are in low demand, we can incentivize customers to choose less popular cars and reduce wait times. Additionally, we could implement a reservation system where customers can reserve a car in advance, which would reduce wait times and increase customer satisfaction levels. Another strategy could be to implement a loyalty program where customers who frequently use the service can get discounts or other rewards, which would incentivize them to continue using the service and reduce customer churn.
Learn more about company
https://brainly.com/question/30532251
#SPJ4
The accounting system of rose and tea fine kitchenware includes the following journals. indicate which journal is used to record each
transaction
journals
transactions
1. purchased merchandise for $4,000; the terms are 2/10, 1/30.
2. returned damaged merchandise to a supplier and received a credit memorandum for $900,
3. issued a check for $4,600 to a supplier as a payment on account
4. purchased merchandise for $2,000 plus a freight charge of $200; the supplier's invoice is payable in 30 days.
5. received an allowance for merchandise that was damaged but can be sold at a reduced price; the supplier's credit memorandum is for
$425.
6. purchased merchandise for $3,725 in cash.
please help
Here's a summary of the transactions and the journals used to record each:
1. Purchased merchandise for $4,000; the terms are 2/10, 1/30.
Journal: Purchases Journal
2. Returned damaged merchandise to a supplier and received a credit memorandum for $900.
Journal: Purchases Returns and Allowances Journal
3. Issued a check for $4,600 to a supplier as a payment on account.
Journal: Cash Payments Journal
4. Purchased merchandise for $2,000 plus a freight charge of $200; the supplier's invoice is payable in 30 days.
Journal: Purchases Journal (for merchandise) and General Journal (for freight charges)
5. Received an allowance for merchandise that was damaged but can be sold at a reduced price; the supplier's credit memorandum is for $425.
Journal: Purchases Returns and Allowances Journal
6. Purchased merchandise for $3,725 in cash.
Journal: Cash Payments Journal
These journals are used in an accounting system to record and organize different types of transactions. The Purchases Journal is for recording purchases on credit, while the Purchases Returns and Allowances Journal is for transactions related to returned or damaged items. The Cash Payments Journal records transactions involving cash payments, and the General Journal is used for other transactions that don't fit into the other specialized journals.
Know more about the "accounting system".
https://brainly.com/question/28326510
#SPJ11
Select the correct answer. the bankruptcy abuse and prevention and consumer protection act limited the number of debtors who could declare which type of bankruptcy? a. chapter 7 b. chapter 13 c. chapter 12 d. chapter 15
The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) limited the number of debtors who could declare Chapter 7 bankruptcy.
The BAPCPA, enacted in 2005, made significant changes to bankruptcy law, aiming to reduce the number of bankruptcy filings and to ensure that individuals pay back some of their debts. Chapter 7 bankruptcy allows debtors to liquidate their non-exempt assets to repay creditors, and remaining debts are often discharged.
BAPCPA introduced a means test to determine if an individual is eligible for Chapter 7 bankruptcy. The test examines the debtor's income, expenses, and debt level. If the debtor's income is higher than the median income for their state, they may be required to file for Chapter 13 bankruptcy instead.
Chapter 13 bankruptcy involves the creation of a repayment plan where debtors pay back a portion of their debts over a 3-5 year period.
In summary, the BAPCPA limited the number of debtors who could declare Chapter 7 bankruptcy by implementing a means test that directs some debtors towards Chapter 13 bankruptcy. This change aimed to reduce bankruptcy filings and encourage debt repayment when possible.
To know more about Bankruptcy Abuse Prevention and Consumer Protection Act refer here:
https://brainly.com/question/2019396#
#SPJ11
The net income of Zippy Corporation is $97,000. The company has 25,000 outstanding shares and a 100 percent payout policy. The expected value of the firm one year from now is $1,815,000. The appropriate discount rate for the company is 12 percent and the dividend tax rate is zero. A. What is the current value of the firm assuming the current dividend has not yet been paid
To calculate the current value of the firm, we need to use the dividend discount model (DDM), which calculates the present value of future cash flows. In this case, we can assume that the only cash flow will be the dividend payment, which is expected to be 100 percent of the net income. Current value of firm = $-194.28
First, we need to calculate the dividend per share by dividing the net income by the number of outstanding shares:
Dividend per share = Net income / Outstanding shares
Dividend per share = $97,000 / 25,000
Dividend per share = $3.88
Next, we can use the DDM formula to calculate the current value of the firm:
Current value of firm = Dividend per share / (Discount rate - Expected growth rate)
Expected growth rate = (Expected value of firm / Current value of firm) - 1
Expected growth rate = ($1,815,000 / X) - 1
X = $1,815,000 / (1 + 0.12)
X = $1,618,304.46
Expected growth rate = ($1,815,000 / $1,618,304.46) - 1
Expected growth rate = 0.122
Current value of firm = $3.88 / (0.12 - 0.122)
Current value of firm = $-194.28
The negative value for the current value of the firm indicates that the company is not currently generating enough cash flow to justify its current valuation. This could be due to a number of factors, such as high expenses or low revenue. Alternatively, it could be that the expected growth rate is too optimistic and needs to be adjusted downward. In any case, investors should exercise caution when considering investing in a company with a negative current value of the firm.
for more such questions on payment
https://brainly.com/question/26049409
#SPJ11
In your experience, what forces keep organizations fromchanging?
The forces keep organizations from changin are external forces and internal forces
External forces are uncontrollable factors that influence the company from the outside, such as a shift in customer preferences, changes in the market, legal or political circumstances, and cultural shifts, among others. Internal forces, on the other hand, are factors that come from inside the organization and include organizational culture, beliefs and values, management style, and employee morale. Resistance to change can come from this group, which may lead to an inability to adopt new and innovative methods and technologies.
To overcome these forces, organizations must adapt to change and integrate flexibility and adaptability into their DNA, as well as develop a strategic vision that takes into account the need to evolve and innovate over time. Furthermore, effective change management processes and communication strategies should be implemented, and workers should be educated and motivated to embrace new ideas and methods, as well as feel that their input is appreciated and valued.
Learn more about communication at:
https://brainly.com/question/29767286
#SPJ11
The Tsetsekos Company was planning to finance an expansion. The principal executives of the company all agreed that an industrial company such as theirs should finance growth by means of common stock rather than by debt. However, they felt that the current $36 per share price of the company's common stock did not reflect its true worth, so they decided to sell a convertible security. They considered a convertible debenture but feared the burden of fixed interest charges if the common stock did not rise enough in price to make conversion attractive. They decided on an issue of convertible preferred stock, which would pay a dividend of $1. 80 per share. AThe conversion ratio will be 1. 0; that is, each share of convertible preferred can be converted into a single share of common. Therefore, the convertible's par value (and also the issue price) will be equal to the conversion price, which in turn will be determined as a premium (i. E. , the percentage by which the conversion price exceeds the stock price) over the current market price of the common stock. What will the conversion price be if it is set at an 11% premium? Round your answer to the nearest cent. $ At a 25% premium? Round your answer to the nearest cent
At an 11% premium, the conversion price would be $39.96 per share and at a 25% premium, the conversion price would be $45 per share.
The Tsetsekos Company has decided to issue convertible preferred stock to finance their expansion plans. The conversion ratio will be 1.0, meaning that each share of convertible preferred stock can be converted into one share of common stock.
The issue price of the convertible preferred stock will be equal to the conversion price, which will be determined as a premium over the current market price of the common stock.
If the conversion price is set at an 11% premium, we can calculate it as follows:
Conversion price = current market price of common stock x (1 + premium)
= $36 x (1 + 0.11)
= $39.96
Therefore, the conversion price will be $39.96 per share if set at an 11% premium.
If the conversion price is set at a 25% premium, we can calculate it as follows:
Conversion price = current market price of common stock x (1 + premium)
= $36 x (1 + 0.25)
= $45
Therefore, the conversion price will be $45 per share if set at a 25% premium.
By issuing convertible preferred stock, the Tsetsekos Company is able to raise capital while still retaining some control over the stock price.
If the stock price rises above the conversion price, holders of the convertible preferred stock may choose to convert their shares into common stock, which would further dilute the ownership of the original stockholders.
However, the company is protected from the burden of fixed interest charges that would have come with issuing a convertible debenture.
To know more about conversion price refer here:
https://brainly.com/question/14298754#
#SPJ11
Use the sum-of-year depreciation method to calculate the depreciation for the
following scenario. Company XYZ bought a new machine for $100,000 and
expects the machine will last for 10 years.
Answer:
20%
Explanation:
How to Calculate Straight Line Depreciation
The straight line calculation steps are:
Determine the cost of the asset.
Subtract the estimated salvage value of the asset from the cost of the asset to get the total depreciable amount.
Determine the useful life of the asset.
Divide the sum of step (2) by the number arrived at in step (3) to get the annual depreciation amount.
Straight Line Example
Company A purchases a machine for $100,000 with an estimated salvage value of $20,000 and a useful life of 5 years.
The straight line depreciation for the machine would be calculated as follows:
Cost of the asset: $100,000
Cost of the asset – Estimated salvage value: $100,000 – $20,000 = $80,000 total depreciable cost
Useful life of the asset: 5 years
Divide step (2) by step (3): $80,000 / 5 years = $16,000 annual depreciation amount
Therefore, Company A would depreciate the machine at the amount of $16,000 annually for 5 years.
The depreciation rate can also be calculated if the annual depreciation amount is known. The depreciation rate is the annual depreciation amount / total depreciable cost. In this case, the machine has a straight-line depreciation rate of $16,000 / $80,000 = 20%.
The Catamount Pool Hall rents tables by the hour and also rents McDermotte pool cues for purists that can't afford their own. The rental process for these cues is exhaustive and takes 75 minutes for each application. There are three employees that conduct these interviews, and on average, it is one hour between customer arrivals. What is the average time it takes a customer to wait in line and complete the application process
Based on the given information, we can calculate the average time a customer takes to wait in line and complete the application process. The total time a customer takes to wait in line and complete the application process is 25 minutes for the interview and one hour for waiting in line, giving a total of 85 minutes.
Let's start by breaking down the rental process. A customer arrives, waits in line for some time, fills out an application for the McDermotte pool cue rental, and then proceeds to the pool table.
We know that it takes 75 minutes for each application to be completed. However, we also know that there are three employees conducting these interviews. This means that each employee spends 25 minutes on one application process. Assuming that there is only one customer in line at a time, the time taken for one customer to complete the process is the sum of the waiting time and the application process time.
We are told that on average, it is one hour between customer arrivals. This means that a customer has to wait for an hour before they can begin their application process.
Therefore, the total time a customer takes to wait in line and complete the application process is 25 minutes for the interview and one hour for waiting in line, giving a total of 85 minutes.
In conclusion, the average time it takes a customer to wait in line and complete the application process is 85 minutes.
for more such questions on customer
https://brainly.com/question/24553900
#SPJ11
Mary willis is the advertising manager for bargain shoe store. she is currently working on a major promotional campaign. her ideas include the installation of a new lighting system and increased display space that will add $24,000 in fixed costs to the $270,000 currently spent. in addition, mary is proposing that a 5% price decrease ($40 to $38) will produce a 20% increase in sales volume (20,000 to 24,000). variable costs will remain at $24 per pair of shoes. management is impressed with mary’s ideas but concerned about the effects that these changes will have on the break-even point and the margin of safety.
required:
a. compute the current break-even-points in units, and compare it to the break-even-point in units if mary's ideas are used
b. compute the margin of safety ratio for current operations and after mary's changes are introuduced.(round to the nearest full percent)
c. prepare a cvp income statement for current operations and after mary's changes are introuduced.(show coloumn for total ammounts only) would you make the chages suggested?
a. To compute the current break-even point in units, we use the formula: Break-even point (units) = Fixed Costs / (Price - Variable Costs). For current operations: Break-even point = $270,000 / ($40 - $24) = 11,250 units. With Mary's ideas: New fixed costs = $270,000 + $24,000 = $294,000; New price = $38. Break-even point = $294,000 / ($38 - $24) = 12,250 units.
b. Margin of safety ratio is calculated as: (Actual Sales - Break-even Sales) / Actual Sales. For current operations: Margin of safety ratio = (20,000 units - 11,250 units) / 20,000 units = 43.75%. With Mary's ideas: New sales volume = 24,000 units. Margin of safety ratio = (24,000 units - 12,250 units) / 24,000 units = 48.75%.
c. CVP income statement for current operations: Sales ($40/unit * 20,000 units) = $800,000; Variable Costs ($24/unit * 20,000 units) = $480,000; Contribution Margin = $320,000; Fixed Costs = $270,000; Operating Income = $50,000. After Mary's changes: Sales ($38/unit * 24,000 units) = $912,000; Variable Costs ($24/unit * 24,000 units) = $576,000; Contribution Margin = $336,000; Fixed Costs = $294,000; Operating Income = $42,000.
Considering the results, Mary's changes would increase the break-even point in units but also improve the margin of safety ratio. However, the operating income would decrease. Management should weigh the potential benefits of increased sales volume and a higher margin of safety against the reduced operating income before making a decision.
To know more about break-even point , refer here :
https://brainly.com/question/29063970#
#SPJ11
which strategy is used by a human resource manager to fill an open position from within the company? group of answer choices utilize the services of a private employment agency seek the assistance of a public employment agencies send the job opening to monster advertise the opportunity for a promotion to current employees
The opportunity for a promotion to current employees is used by a human resource manager to fill an open position from within the company. So the option D is correct.
Promoting from within the company can be an effective way to fill open positions because it rewards employees’ dedication and hard work, and can also help with employee retention.
By offering promotions to current employees, a human resource manager can encourage employees to stay with the company, build loyalty and trust, and increase motivation.
Promotions can also benefit the company itself. By promoting from within, a manager can save time and money by not having to go through the process of recruiting and hiring outside candidates. So the option D is correct.
To learn more about promotion link is here
brainly.com/question/20472836
#SPJ4
The complete question is:
Which strategy is used by a human resource manager to fill an open position from within the company?
Group of answer choices
A. utilize the services of a private employment agency
B. seek the assistance of a public employment agencies
C. send the job opening to monster advertise
D. the opportunity for a promotion to current employees
A sample of 51 observations will be taken from an infinite population. The population proportion equals 0. 85. The
probability that the sample proportion will be between 0. 9115 and 0. 946 is
a. 0. 6900
b. 0. 0345
c. 0. 8633
d. 0. 0819
Central limit theorem is used when the sample size is large enough, the distribution of sample proportions will be approximately normal, with a mean equal to the population proportion and a standard deviation equal to the square root of (p * q / n), where p represents population proportion, q represents complementary proportion (1 - p), and n represents sample size. In this case, p = 0.85, q = 0.15, and n = 51.
Therefore, the mean of the sampling distribution is 0.85 and the standard deviation is 0.064.
The probability, when the sample proportion is within range of 0.9115 and 0.946, we need to standardize these values using the formula z = (x - mu) / sigma, where x represents sample proportion, mu represents mean of the sampling distribution, and sigma represents standard deviation.
For x = 0.9115, z = (0.9115 - 0.85) / 0.064 = 0.9531.
For x = 0.946, z = (0.946 - 0.85) / 0.064 = 1.5031.
Using a standard normal distribution table or a calculator, we can find the probabilities associated with these z-values: 0.8289 and 0.9332, respectively.
Therefore, the probability that the sample proportion will be between 0.9115 and 0.946 is the difference between these probabilities: 0.9332 - 0.8289 = 0.1043.
Therefore, the answer is not one of the options provided. It is important to note that the sample size of 51 is relatively small for the population to be considered infinite, so the approximation of the normal distribution may not be accurate.
Know more about "probability".
https://brainly.com/question/30034780
#SPJ11
You are considering two different methods for constructing a new warehouse site. The first method would use prefabricated building segments, would have an initial cost of $6. 5 million, would have annual maintenance costs of $150,000, and would last for 25 years. The second alternative would employ a new carbon-fibre panel technology, would have an initial cost of $8. 2 million, would have maintenance costs of $650,000 every 10 years, and is expected to last 40 years. Both buildings would be in CCA Class 1 (at a rate of 4 percent) and it is expected that each would have a salvage value equivalent to 25 percent of its construction cost at the end of its useful life. The discount rate the firm uses in evaluating projects is 11 percent. The tax rate is 35 percent. What is the annual cost for each option, and which would you pick?
The question asks for the annual cost of each warehouse construction option and a recommendation on which to choose.
Option 1 (prefabricated building segments):
1. Initial cost: $6.5 million
2. Annual maintenance cost: $150,000
3. Useful life: 25 years
4. Salvage value: 25% of initial cost
5. CCA rate: 4%
6. Discount rate: 11%
7. Tax rate: 35%
Option 2 (carbon-fibre panel technology):
1. Initial cost: $8.2 million
2. Maintenance cost: $650,000 every 10 years
3. Useful life: 40 years
4. Salvage value: 25% of initial cost
5. CCA rate: 4%
6. Discount rate: 11%
7. Tax rate: 35%
To calculate the annual cost, first determine the net present value (NPV) of each option, taking into account the initial cost, maintenance costs, depreciation (CCA), tax savings, and salvage value.
Then, use the annuity formula to convert the NPV to an annual cost: Annual Cost = NPV × (Discount Rate ÷ (1 - (1 + Discount Rate)^(-Useful Life)))
After calculating the annual costs for both options, compare them and choose the one with the lower annual cost. This will be the most cost-effective choice for constructing the new warehouse site.
To know more about warehouse refer here:
https://brainly.com/question/31416927#
#SPJ11
You are in need of a new washer and dryer and the set you would like costs $1,600. You do not have access to enough cash to pay for the washer and dryer in full at time of purchase and are exploring your financing options. You have seen the following advertisement on television. Determine what monthly interest rate (X. XX %) is being charged by the leasing company
To determine the monthly interest rate for the washer and dryer set costing $1,600, we need more information from the advertisement, such as the number of months for financing and the monthly payment amount. Once we have this information, we can use the following formula to calculate the monthly interest rate (expressed as a percentage):
i = (Monthly Payment x n - Principal) / (Principal x n)
where "i" represents the monthly interest rate, "Monthly Payment" is the amount you pay each month, "n" is the number of months for financing, and "Principal" is the initial cost of the washer and dryer set.
For example, let's assume the advertisement states a 24-month financing plan with a monthly payment of $75. Plugging these values into the formula, we get:
i = (75 x 24 - 1,600) / (1,600 x 24)
i = (1,800 - 1,600) / (38,400)
i = 200 / 38,400
i = 0.0052083333
To express this as a percentage, we multiply by 100:
i = 0.0052083333 x 100
i = 0.52%
In this example, the leasing company charges a 0.52% monthly interest rate. However, this calculation depends on the specific terms provided in the advertisement you saw.
Know more about " interest rate".
https://brainly.com/question/28236069
#SPJ11