The type of analysis is used to determine which SKUs should be in the assortment plan and how much backup stock and resulting product availability are provided for each SKU in the plan is ABC analysis.
To determine which SKUs should be included in the assortment plan and how much backup stock and resulting product availability should be provided for each SKU, retailers often use a variety of data analysis techniques. One commonly used technique is called ABC analysis. This involves categorizing SKUs based on their sales volume and profit margin.
Another technique used in assortment planning is called cluster analysis. This involves grouping SKUs into categories based on common characteristics such as size, color, or style. By doing this, retailers can identify trends in customer preferences and tailor their assortment plan accordingly.
Other factors that may be considered in the assortment planning process include the seasonality of products, the availability of new products, and the performance of similar products in other stores.
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howard inc. had prepaid rent of $90,000 and $102,000 at the end of 2020 and 2021, respectively. during 2021, howard recorded $255,000 in rent expense in its income statement. cash outflows for rent in 2021 were:
The cash outflows for rent for Howard Inc. in 2021 are $243,000.
The cash outflows for rent refer to the amount of cash that Howard Inc. has paid out for rent expenses during the year. The formula to calculate the cash outflows for rent takes into account the prepaid rent balances at the beginning and end of the year as well as the rent expense for the year.
In this case, we are given the following information:
Beginning prepaid rent balance = $90,000
Rent expense for the year = $255,000
Ending prepaid rent balance = $102,000
Using the formula, we can calculate the cash outflows for rent as follows:
Cash outflows for rent = (Beginning prepaid rent + Rent expense) - Ending prepaid rent
Cash outflows for rent = ($90,000 + $255,000) - $102,000
Cash outflows for rent = $345,000 - $102,000
Cash outflows for rent = $243,000
Therefore, the cash outflows for rent for Howard Inc. in 2021 are $243,000.
This information is important for Howard Inc. to keep track of their expenses and cash flow. By calculating the cash outflows for rent, the company can determine how much cash has been used to pay for rent expenses during the year.
This information can be used for budgeting, forecasting, and financial reporting purposes. Additionally, monitoring cash outflows for rent can help the company identify any potential issues with their rent payments, such as late payments or discrepancies in rent balances.
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a consultant with a background in behavioral sciences who works as a catalyst in helping organizations deal with old problems in new ways is called a(n) .
A consultant with a foundation in social sciences who functions as an impetus in assisting associations with managing old issues in new ways is called Change Agent.
A change agent is an expert with a foundation in social sciences who can be an impetus in assisting associations with managing old issues in new ways. Change specialists will be experts who are gifted at directing people, gatherings, or whole organizations through massive changes in processes, authority, culture, or systems.
A change agent should have superb relational correspondence capacities, including undivided attention and critical thinking. They ought to likewise have major areas of strength for of conduct sciences, like brain research and social science, and we know all about the organization's way of life, tasks, and goals.
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This question is not complete, Here I am attaching the complete question:
A consultant with a background in behavioral sciences who works as a catalyst in helping organizations deal with old problems in new ways is called a(n) ______.
(A) Change Agent
(B) influencing others
(C) management process
jordan company is considering adding a new product. the cost accountant has provided the following data: expected variable cost of manufacturing $ 48 per unit expected annual fixed manufacturing costs $ 92,000 the administrative vice president has provided the following estimates: expected sales commission $ 8 per unit expected annual fixed administrative costs $ 48,000 the manager has decided that any new product must at least break even in the first year. required use the equation method and consider each requirement separately. if the sales price is set at $76, how many units must jordan sell to break even? jordan estimates that sales will probably be 10,000 units. what sales price per unit will allow the company to break even? jordan has decided to advertise the product heavily and has set the sales price at $78. if sales are 10,000 units, how much can the company spend on advertising and still break even?
Jordan needs to sell 5,000 units at $76/unit to break even. Sales price of $62/unit required to break even. Advertising budget = $160,000.
To ascertain the equal the initial investment point, we really want to consider both the fixed and variable expenses related with the new item. Utilizing the condition strategy, we can work out the make back the initial investment point as:
Equal the initial investment point = Fixed costs/(Deals cost per unit - Variable expense per unit)
Utilizing the given information, we can work out the earn back the original investment point as:
Make back the initial investment point = ($92,000 + $48,000)/($76 - $48)
Make back the initial investment point = $140,000/$28
Make back the initial investment point = 5,000 units
In this manner, Jordan Organization needs to offer something like 5,000 units to make back the initial investment at a business cost of $76.To compute the deals value expected to make back the initial investment, we can modify the above recipe as:
Deals cost per unit = Variable expense per unit + Fixed costs/Deals volume
Subbing the given qualities, we get:
Deals cost per unit = $48 + ($92,000 + $48,000)/10,000
Deals cost per unit = $48 + $14.00
Deals cost per unit = $62.00
Consequently, Jordan Organization needs to set a business cost of $62.00 per unit to earn back the original investment.In the event that Jordan Organization sets the deals cost at $78 and hopes to sell 10,000 units, we can compute the complete income as:
All out income = Deals cost per unit x Deals volume
All out income = $78 x 10,000
All out income = $780,000
To ascertain the promoting spending plan, we want to deduct the absolute factor and fixed costs from the all out income:
Promoting spending plan = Complete income - Variable expenses - Fixed costs
Publicizing spending plan = $780,000 - ($48 x 10,000) - ($92,000 + $48,000)
Promoting spending plan = $780,000 - $480,000 - $140,000
Promoting spending plan = $160,000
Thus, Jordan Organization can spend up to $160,000 on promoting regardless make back the initial investment on the off chance that they sell 10,000 units at a business cost of $78 per unit.
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consider an economy described by the production function a. what is the per-worker production function?
The per-worker production function is obtained by dividing the production function by the number of workers in the economy. Therefore, the per-worker production function can be represented as:
Y/L = A(K/L)^α
In the production function Y = F(K,L), Y represents the total output produced, K represents the capital used in production, L represents the number of workers, and A and α are parameters. Dividing both sides by L, we get Y/L = F(K/L,1).
Using the Cobb-Douglas production function, we get Y/L = A(K/L)^α, where A is the total factor productivity and α is the share of capital in output. This per-worker production function shows how much output is produced per worker for a given amount of capital.
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in the , if profits are not possible, the perfectly competitive firm will seek out the quantity of output where . group of answer choices long run; variable costs can be increased long run; variable costs can be eliminated short run; losses are smallest short run; fixed costs can be reduced
In the short run, the perfectly competitive firm will pursue the quantity of output with the maximum profits.
In the near run, a perfectly competitive firm will pursue the quantity of output with the largest profits or, if profits are not attainable, the quantity of output with the lowest losses.
The short run in this context refers to a situation in which enterprises produce with a single fixed input and incur fixed production expenses. Real-world firms may have a high number of fixed inputs.
Over time, fully competitive enterprises will raise output in response to profits. In response to losses, they will restrict production or abandon the market.
When no new firms want to enter the market and no existing firms want to leave the market because economic profits have been cut to zero, the market has reached a long-run equilibrium.
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Correct question:
In the _________, the perfectly competitive firm will seek out ________________________ .
A. long run; the quantity of output where profits are highest
B. short run; profits by ignoring the concept of total cost analysis
C. short run; the quantity of output where profits are highest
D. long run; methods to reduce production and shut down
the 8 percent, $1,000 face value bonds of glenmore foods are currently selling at $1,027. these bonds have 16 years left until maturity. what is the current yield? group of answer choices 8.28 percent 8.00 percent 7.71 percent 8.23 percent 7.79 percent
The current yield for the Glenmore Foods bond is e) 7.79 percent.
The 8 percent, $1,000 face value bonds of glenmore foods are currently selling at $1,027. These bonds have 16 years left until maturity.Current yield is calculated by dividing the annual interest payment by the current market price of the bond, and multiplying by 100%.
In this case, the annual interest payment is 8% of the face value of $1,000, or $80. Dividing $80 by the current market price of $1,027 gives 0.0779, or 7.79%, as the current yield.
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which method is used for remeasuring a foreign subsidiary's financial statements? group of answer choices historical rate method. current rate method. working capital method. translation. temporal method.
Temporal method will be used for remeasuring a foreign subsidiary's financial statements. Option E is correct.
The Temporal Method is a method of foreign currency translation that is used to translate the financial statements of a foreign subsidiary into the reporting currency of the parent company. This method is used when the functional currency of the foreign subsidiary is different from the reporting currency of the parent company.
Under the Temporal Method, monetary assets and liabilities (such as cash, accounts receivable, and accounts payable) are translated using the current exchange rate, while non-monetary assets and liabilities (such as inventory, property, and equipment) are translated using historical exchange rates. Income and expenses are also translated using the exchange rate that existed at the time they were incurred.
Hence, E. is the correct option.
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--The given question is incomplete, the complete question is
"Which method is used for remeasuring a foreign subsidiary's financial statements? group of answer choices A) historical rate method. B) current rate method. C) working capital method. D) translation. E) temporal method."--
rubber used in bike tires variable b. recycled aluminum used to make the bike frame variable c. lubricant used on clipless pedal springs variable d. quality inspector salary fixed part 2 e. depreciation on equipment used to machine the aluminum in the bike frame variable f. renewable cork used to make the saddle (the seat) variable g. patent on belt drive (used instead of a chain)
Regarding the manufacture of the ReCycle bike, there are several costs connected to it. Some of these costs are variable and some are fixed. Here is a breakdown of each cost:
Rubber used in bike tires - Variable costRecycled aluminum used to make the bike frame - Variable costLubricant used on clipless pedal springs - Variable costQuality inspector's salary - Fixed costDepreciation on equipment used to machine the aluminum for the bike frame - Fixed costRenewable cork used to make the saddle (the seat) - Variable costPatent on belt drive (used instead of a chain) - Fixed costVariable costs are usually associated with materials, supplies, and labor, and their total cost depends on the number of units produced. In contrast, fixed costs do not vary with production levels but are incurred regardless of the level of production. In general, understanding the cost structure of a product is essential for pricing decisions and to determine the profitability of the product.
The complete question:
The ReCycle is a bicycle built largely from recycled materials. Identify the following costs connected with the manufacture of the ReCycle bike as variable or fixed:
Rubber used in bike tiresRecycled aluminum used to make the bike frameLubricant used on clipless pedal springsQuality inspector's salaryDepreciation on equipment used to machine the aluminum for the bike frameRenewable cork used to make the saddle (the seat) Patent on belt drive (used instead of a chain)Learn more about Variable costs https://brainly.com/question/26373444
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a(n) performance appraisal helps determine the effectiveness of recruitment and selection activities.
A performance appraisal is a valuable tool that helps determine the effectiveness of recruitment and selection activities.
It involves the following steps:
1. Setting performance objectives: The process begins by establishing clear, measurable, and achievable goals for each employee. These objectives should align with the organization's overall objectives and the employee's job responsibilities.
2. Regular monitoring: Throughout the year, managers and employees should monitor performance and progress towards achieving the set objectives. This allows for timely feedback, adjustments, and additional support if necessary.
3. Conducting a formal review: At the end of the evaluation period, a formal performance review takes place. Managers assess the employee's performance against the established objectives, providing feedback on areas of strength and opportunities for improvement.
4. Discussing future goals: During the appraisal, managers and employees should also discuss future goals and set new objectives for the upcoming period.
5. Evaluating recruitment and selection activities: By analyzing the performance appraisals, organizations can determine if their recruitment and selection activities are effective. If employees consistently achieve their performance objectives, it suggests that the recruitment and selection process is successful in identifying and hiring top talent. Conversely, if many employees struggle to meet their objectives, it may indicate a need to reevaluate the recruitment and selection strategies.
In conclusion, a performance appraisal helps organizations assess the effectiveness of their recruitment and selection activities by tracking employee performance against established objectives, providing feedback, and setting new goals for continued growth and development.
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c corporation has the following capital gains and capital losses for years 1 and 2: capital gains capital losses year 1 $250,000 $300,000 year 2 425,000 350,000 if the c corporation had no capital gains or losses prior to year 1, what is the minimum net capital gain that can be reported for year 2?
The minimum net capital gain that can be reported for year 2 is $25,000.
To calculate the minimum net capital gain that can be reported for year 2 for the C Corporation, we need to follow these steps:
1. Calculate the net capital gain/loss for each year:
Year 1: $250,000 (capital gains) - $300,000 (capital losses) = -$50,000 (net capital loss)
Year 2: $425,000 (capital gains) - $350,000 (capital losses) = $75,000 (net capital gain)
2. Apply the net capital loss carryforward from year 1 to year 2:
Since the C Corporation had no capital gains or losses prior to year 1, we only need to consider the -$50,000 net capital loss from year 1. We can carry this forward to offset the net capital gain in year 2.
3. Calculate the minimum net capital gain for year 2:
$75,000 (net capital gain in year 2) - $50,000 (net capital loss carryforward from year 1) = $25,000
The minimum net capital gain that can be reported for year 2 for the C Corporation is $25,000.
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you bought a bond with a 10% coupon rate that pays coupons semi - annually. the bond has a face value of $1,000 and matures in 15 years. the yield curve is flat. if the 6 - month yield (i.e., rate of return demanded by investors every 6 months) suddenly changes from 6% to 4%, what is the dollar value of the increase in the bond price?
The dollar value of the increase in the bond price is $154.41.
First, we need to calculate the bond's current price before the yield change:
Number of coupon payments = 15 years x 2 = 30
Coupon payment = 10% x $1,000 / 2 = $50
Discount rate (yield) = 6% / 2 = 3%
Using the present value formula for an annuity:
PV of coupon payments = $50 x ((1 - 1/(1+0.03)^30) / 0.03) = $824.87
PV of face value = $1,000 / (1+0.03)^30 = $311.80
Current bond price = $824.87 + $311.80 = $1,136.67
After the yield change, the new discount rate (yield) is 4% / 2 = 2%.
Using the present value formula again with the new yield:
PV of coupon payments = $50 x ((1 - 1/(1+0.02)^30) / 0.02) = $1,067.55
PV of face value = $1,000 / (1+0.02)^30 = $223.53
New bond price = $1,067.55 + $223.53 = $1,291.08
The increase in bond price is:
$1,291.08 - $1,136.67 = $154.41
Therefore, the dollar value of the increase in the bond price is $154.41.
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april is planning to petition for bankruptcy, so she sells her gold jewelry worth $10,000 to a friend for $1,000. the friend agrees that in the future she will sell the jewelry back to april for the same amount. this is both a fraudulent transfer and one the trustee can undo. group of answer choices true false
The correct answer is option A. True. This is a fraudulent transfer because April is not receiving a fair market value for her jewellery. She is selling it for a significantly reduced amount, which is against the law.
Since April is in need of money and is inclined to accept any offer for her jewellery, the buddy is also taking advantage of her predicament.
This transfer can be reversed by the trustee because it was an invalid transaction. The trustee can cancel the transfer, seize the jewellery or the funds, and give them back to April. This is done to make sure creditors are fully repaid and to safeguard the estate's assets. The buddy, who knowingly took part in a fraudulent transaction, might also be sued by the trustee.
Complete Question:
April is planning to petition for bankruptcy, so she sells her gold jewellery worth $10,000 to a friend for $1,000. The friend agrees that in the future she will sell the jewellery back to April for the same amount. This is both a fraudulent transfer and one the trustee can undo.
Group of answer choices
A. True
B. False
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by sleeping only about four hours a night during an important month-long internship, courtney is select one: a. increasing her resiliency. b. compromising her job performance. c. maximizing her productivity. d. adjusting her body to less sleep.
"By sleeping only about four hours a night during an important month-long internship, Courtney is compromising her job performance". Option B is correct.
Courtney's decision to only sleep for about four hours a night during an important month-long internship is likely to have a negative impact on her job performance. Sleep deprivation can lead to a number of cognitive impairments, including reduced attention, memory, and creativity. This can make it difficult for Courtney to concentrate on her tasks, recall important information, and generate innovative solutions.
In addition, sleep deprivation can also affect her mood and overall well-being, which could impact her ability to work effectively with others and cope with the demands of the job. Overall, while Courtney may think that sacrificing sleep is necessary to excel in her internship, it may actually be compromising her performance and jeopardizing her chances of success.
Option B holds true.
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below are amounts found in the income statements of three companies. company net sales cost of goods sold operating expenses nonoperating expenses income tax expense henry $26,000 $9,100 $4,700 $1,700 $1,700 grace 29,000 22,620 7,700 3,700 0 james 34,000 23,800 2,700 0 2,700 required: 1. for each company, calculate (a) gross profit, (b) operating income, (c) income before income taxes, and (d) net income. 2-a. for each company, calculate the gross profit ratio. 2-b. which company has the most favorable ratio?
The given case involves calculation of various given financial data for different members.
Calculation of financial measures:
a. Gross Profit = Net Sales - Cost of Goods Sold
For Henry: $26,000 - $9,100 = $16,900
For Grace: $29,000 - $22,620 = $6,380
For James: $34,000 - $23,800 = $10,200
b. Operating Income = Gross Profit - Operating Expenses
For Henry: $16,900 - $4,700 = $12,200
For Grace: $6,380 - $7,700 = -$1,320 (negative operating income)
For James: $10,200 - $2,700 = $7,500
c. Income Before Income Taxes = Operating Income - Nonoperating Expenses
For Henry: $12,200 - $1,700 = $10,500
For Grace: -$1,320 - $3,700 = -$5,020 (negative income before income taxes)
For James: $7,500 - $0 = $7,500
d. Net Income = Income Before Income Taxes - Income Tax Expense
For Henry: $10,500 - $1,700 = $8,800
For Grace: -$5,020 - $0 = -$5,020 (negative net income)
For James: $7,500 - $2,700 = $4,800
Calculation of Gross Profit Ratio:
Gross Profit Ratio = (Gross Profit / Net Sales) x 100%
For Henry: ($16,900 / $26,000) x 100% = 65%
For Grace: ($6,380 / $29,000) x 100% = 22%
For James: ($10,200 / $34,000) x 100% = 30%
2-b. Conclusion:
Among the given companies, Henry has the most favorable gross profit ratio of 65%, indicating that a larger proportion of sales revenue is retained as gross profit after accounting for cost of goods sold.
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there is a bond that has a quoted price of 106.875 and a par value of $2,000. the coupon rate is 6.93 percent and the bond matures in 23 years. if the bond makes semiannual coupon payments, what is the ytm of the bond?
The YTM of the bond that makes semiannual coupon payments is 6.96%.
YTM is the yield to maturity. It is the total return anticipated on a bond if the bond is held until it matures. Yield to maturity is considered a long-term bond yield, but it is expressed as an annual rate. In other words, it is the internal rate of return of an investment in a bond if the investor holds the bond until maturity and is repaid all interest and principal due.
The formula to calculate the YTM of the bond is as follows:
PV = C [ ( 1 - 1 / (1 + r)^n ) / r ] + F / (1 + r)^n
where PV = the price of the bond; C = the semiannual coupon payment; F = the par value of the bond; r = the yield to maturity (YTM); and n = the number of semiannual periods.
Using the given information, we can calculate the YTM of the bond as follows:
PV = 106.875% × $2,000 = $2,137.50C = 6.93% × $2,000 / 2 = $69.30
F = $2,000
n = 23 × 2 = 46
Substituting these values into the formula above:
2,137.50 = $69.30 [ ( 1 - 1 / (1 + r)^46 ) / r ] + $2,000 / (1 + r)^46
Solving this equation for r using a financial calculator or an excel formula gives r = 6.96%. Therefore, the YTM of the bond is 6.96%.
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sadik inc.'s bonds currently sell for $1,250 and have a par value of $1,000. they pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. what is their yield to call (ytc)? group of answer choices 5.97% 6.28% 7.79% 5.03% 5.84%
The yield to call (ytc) is 6.28%. Option B is correct.
The yield to call (YTC) of Sadik Inc.'s bonds can be calculated using the bond yield formula.Bond yield formula. Bond yield = (annual coupon payment + ((par value - bond price) ÷ years to maturity)) ÷ ((par value + bond price) ÷ 2) × 100In the formula: Annual coupon payment = $105. Par value = $1,000. Bond price = $1,250. Years to maturity = 15 years. Call price = $1,100.
Let's calculate the YTC of Sadik Inc.'s bonds using the above formula: Bond yield = (annual coupon payment + ((par value - bond price) ÷ years to maturity)) ÷ ((par value + bond price) ÷ 2) × 100. Bond yield = (105 + ((1000 - 1250) ÷ 15)) ÷ ((1000 + 1250) ÷ 2) × 100. Bond yield = (105 - (250 ÷ 15)) ÷ (1,625 ÷ 2) × 100. Bond yield = 0.06947 × 100. Bond yield = 6.95%.
As per the calculation, the yield to call (YTC) of Sadik Inc.'s bonds is 6.95%. Therefore, option (B) 6.28% is the closest option to the calculated YTC value.
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write a short (1- to 2-paragraph) description of the business process you want to address in the project. include a discussion of the existing subsystems you will use and the subsystems you will create.
We aim to streamline the e-commerce order fulfillment process by integrating a new subsystem for efficient picking, packing, and shipping.
The business cycle that we need to address in this task is the request satisfaction process for an online business stage. The current subsystems that we will utilize incorporate the request the executives framework, stock administration framework, and transportation the board framework. We will make another subsystem for the most common way of picking, pressing, and delivery the orders.
This new subsystem will incorporate a standardized tag filtering framework to guarantee exact and proficient request picking, a pressing station to bundle the things, and a delivery mark age framework to create transporting names for the orders. The new subsystem will be coordinated with the current subsystems to make a smoothed out and proficient request satisfaction process for the online business stage, further developing consumer loyalty and lessening mistakes and postpones in the request satisfaction process.
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what should a sympathy letter include? a handwritten message on company letterhead a positive ending with a reassuring note a form message on company letterhead
A sympathy letter should include a handwritten message on company letterhead expressing condolences to the recipient for their loss.
In this case option A is correct
It should be written in a personal and heartfelt manner, and should convey the writer's empathy and support.
The letter can be written on company letterhead, but it should not be a form message - it should be customized to the specific recipient and situation. It is also appropriate to include a positive ending with a reassuring note, such as offering support or assistance in any way possible.
In this case option A is correct
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what should a sympathy letter include?
a handwritten message on company letterhead a positive ending with a reassuring note a form message on company letterheadin 1935, the u.s. patent and trademark office issued parker brothers a trademark on the use of the name monopoly for a board game. hasbro bought parker brothers in 1991. which of the following statements is true regarding the trademark on the name monopoly for a board game? a. trademarks never expire, so hasbro continues to have a trademark on the name monopoly. b. the trademark expired in 1955, 20 years after the trademark was issued to parker brothers. c. the original trademark expired well before hasbro bought parker brothers, so they never had a trademark on monopoly. d. the trademark expired in 2011, 20 years after hasbro's purchase of parker brothers.
The correct response is a. Since trademarks are perpetual, Hasbro is still the exclusive owner of the name. Since trademarks are perpetual, Hasbro is still the owner of the Monopoly brand trademark.
The game's title alludes to the economic concept of a monopoly, which occurs when one business controls a market. When given Monopoly, the Duke of York remarked that the royal household forbids it because "it gets too nasty." Princess Beatrice buying two or three residences of the same color makes us image Prince Charles flipping a table. Russia. As in China and Cuba, Monopoly was briefly banned in Russia when that country was still a part of the Soviet Union because the country didn't want a game based on capitalism to conflict with its communist principles.
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Mcclellan recreation manufactures and sells two models of paddle boards: starter and pro. the starter model is a basic board used for instruction and purchased by novices. the pro model is made with premium materials and comes with several accessories. the boards are produced to order, and there are no inventories at the end of the year. the cost accounting system at mcclellan allocates overhead to products based on direct labor cost. overhead in year 1, which just ended, was $2,424,800. data on units sold for year 1 along with the unit sales price and unit direct costs for the two models follow: sales price per unit direct materials per unit direct labor per unit starter model pro model (12,000 units) (4,000 units) $ 316 $ 606 82 152 102 127 required: a. compute product line profits or loss for the starter model and the pro model for year 1. b. a study of overhead shows that without the starter model, overhead would fall to $1,412,000. assume all other revenues and costs would remain the same. (please answer both).
a. The profit for the Starter model in year 1 is $384,000 and for the Pro model is $1,648,000.
b. The product line profits for the Pro model in year 2 assuming the Starter model was not produced or sold is $2,464,000.
a. Starter Model:
Profit = (Sales Price x Units Sold) – (Direct Materials x Units Sold) – (Direct Labour x Units Sold) – Overhead
Profit = (32 x 12,000) – (86 x 12,000) – (102 x 12,000) – $2,424,800
Profit = $384,000
Pro Model:
Profit = (Sales Price x Units Sold) – (Direct Materials x Units Sold) – (Direct Labour x Units Sold) – Overhead
Profit = (606 x 4,000) – (102 x 4,000) – (127 x 4,000) – $2,424,800
Profit = $1,648,000
b. According to an analysis of overhead, the amount would be $1,412,000 without the Starter model. Suppose that in year 2, all other revenues and expenses would be the same for the Pro model. Calculate the Pro model's product line profits in year two assuming the Starter model wasn't manufactured or sold.
Pro Model:
Profit = (Sales Price x Units Sold) – (Direct Materials x Units Sold) – (Direct Labour x Units Sold) – Overhead
Profit = (606 x 4,000) – (102 x 4,000) – (127 x 4,000) – $1,412,000
Profit = $2,464,000.
Complete Question:
McClellan Recreation manufactures and sells two models of paddle boards: Starter and Pro. The Starter model is a basic board used for instruction and purchased by novices. The Pro model is made with premium materials and comes with several accessories. The boards are produced to order, and there are no inventories at the end of the year.
The cost accounting system at McClellan allocates overhead to products based on direct labor cost. Overhead in year 1 , which just ended, was $2,424,800. Data on units sold for year 1 along with the unit sales price and unit direct costs for the two models follow:
Starter model Pro model
12,000 units 4000 units
Sales per unit 32 606
Direct material per unit 86 102
Direct Labour per unit 102 127
Required:
a. Compute product line profits or loss for the Starter model and the Pro model for year 1 .
b. A study of overhead shows that without the Starter model, overhead would fall to $1,412,000. Assume all other revenues and costs would remain the same for the Pro model in year 2 . Compute product line profits for the Pro model in year 2 assuming the Starter model was not produced or sold.
Complete this question by entering your answers in the tabs below.
Compute product line profits or loss for the Starter model and the Pro model for year 1 . Note: Loss amounts should be indicated by a minus sign.
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suppose that the interest rate is 4 percent. instructions: enter your answers rounded to 2 decimal places. a. what is the future value of $100 four years from now?
The future value of the $100 four years from now with an interest rate of 4 percent is $116.99.
To calculate the future value of $100 four years from now with an interest rate of 4 percent, we can use the formula for compound interest:
FV = PV x (1 + r)
where FV is the future value, PV is the present value, r is the interest rate as a decimal, and n is the number of years.
Plugging in the values given, we get:
FV = $100 x (1 + 0.04)
FV = $100 x 1.1699
FV = $116.99
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why might economists be quite concerned if the annual interest payments on the debt sharply increased as a percentage (%) of gdp?
Because of an overpriced burden, higher interest will undermine an economy and diminish the likelihood that the debt can be repaid. Hence, substantial increases in the annual interest payment on the public debt as a proportion of GDP are of more concern to economists.
The GDP, or gross domestic product, is one of the most widely used It is frequently quoted in reports by governments, central banks, and the business community as well as in newspapers, on television news, and in publications. It is frequently used days as a benchmark for assess the state of both regional and world economies. The standard measurement of the value added produced via the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). As a consequence, it also includes the money made from that manufacturing, or the sum of money spent on finished goods and services (less imports). GDP refers to the amount of any and all value added produced inside an economy.
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the agenda of the meeting should communicate the what, why, when, and who regardless of the type of meeting. select one: true false
The given statement "The agenda of the meeting should communicate the what, why, when, and who regardless of the type of meeting." is True because meeting should include every information.
The agenda of a meeting is a critical component that sets the tone and purpose of the meeting. It outlines the topics to be discussed, the order in which they will be addressed, and the individuals who will present them.
By providing this information, the agenda ensures that everyone attending the meeting is on the same page and has a clear understanding of what will be discussed, why it is important, when it will occur, and who will be involved.
Additionally, an effective agenda can increase productivity and efficiency during the meeting, as it allows participants to prepare adequately beforehand and keeps the discussion focused.
Therefore, it is essential to create an agenda that clearly communicates the necessary information, regardless of the type of meeting.
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according to the rybczynski theorem, how will immigration affect the receiving country's production of labor-intensive and capital-intensive goods?
The Rybczynski theory states that by increasing the availability of labor, immigration will have an impact on the production of capital- and labor-intensive items in the receiving nation.
In particular, an influx of immigrants will raise the relative labor abundance in the nation, which will lead to an increase in the production of commodities that require a lot of work and a decrease in the production of goods that require a lot of capital.
This is due to the fact that capital-intensive commodities require a larger ratio of capital to labor in their manufacturing compared to labor-intensive ones. Hence, immigration may result in a change in a nation's patterns of production and commerce, with a higher emphasis on the creation of labor-intensive items.
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when you receive your star report, you see that your revpar index was 90 this year compared to 80 last year. what do you know for sure? group of answer choices your hotel outperformed the competitive set when it comes to revpar both years your hotel outperformed the comp set this year when it comes to revpar, but not last year your hotel will have a positive revpar index percent change your hotel would have a positive revpar percent change
the performance of a hotel's RevPAR value in comparison to a larger group of hotels (such as a competitive set, market or submarket, etc.).
What is an appropriate RevPAR value?The revenue generating index, or RevPAR Index, should be 100. This shows your hotel is capturing a fair or projected market share within the specific lodging industry.
What is unavoidable when a hotel's RevPAR index is higher than 100?What is unavoidable when a hotel's RevPAR index is higher than 100? The hotel consistently outperforms its rivals. A manager's hotel's STAR report reveals that it had an ADR Index of 110 last month.
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Question:-
when you receive your star report, you see that your revpar index was 90 this year compared to 80 last year. what do you know for sure?
The correct formula to measure the GDP is _____.
GDP = C - G - I - (X-M)
GDP = C + G + I - (X-M)
GDP = C - G - I + (X-M)
GDP = C + G + I + (X-M)
kathy deposits 10000 cash into her checking account at federal first bank. the required reserve ratio is 20 percent. calculate the maximum possible change in first federal loans as a result of kathy's deposit
The maximum possible change in First Federal loans as a result of Kathy's 10,000 cash deposit is 8,000.
To calculate the maximum possible change in First Federal loans as a result of Kathy's deposit of 10,000 cash into her checking account, follow these steps:1. Determine the required reserve ratio:
In this case, it is 20 percent or 0.20.
2. Calculate the required reserves:
Multiply the deposit amount by the required reserve ratio. Hence,
10,000 * 0.20 = 2,000.
3. Determine the excess reserves:
Subtract the required reserves from the total deposit. Hence,
10,000 - 2,000 = 8,000.
4. Calculate the maximum possible change in loans:
The excess reserves can be used by the bank to create new loans, so the maximum possible change in First Federal loans is 8,000.
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if firms in a monopolistically competitive industry experience short-run losses, group of answer choices firms increase advertising spending to increase demand, until they make at least a normal return. some firms exit the industry, causing the demand curves for the remaining firms to shift to the right until they earn a normal profit. some firms would like to exit the industry but find they cannot. firms increase prices further, until they make at least a normal return.
If firms in a monopolistically competitive industry experience short-run losses, they have several options to try and recover. To increase advertising spending to increase demand, until they make at least a normal return. Option A
This approach is aimed at differentiating their products and making them more attractive to consumers, which can lead to increased demand and ultimately increased profits.However, if this approach fails, some firms may choose to exit the industry (Option A). This can reduce industry supply, causing the demand curves for the remaining firms to shift to the right until they earn a normal profit (Option B). This can also lead to increased market share and profits for the remaining firms.
Some firms may find themselves unable to exit the industry (Option C) due to high exit barriers such as long-term leases, sunk costs, or regulatory barriers. In this case, firms may have to consider other strategies to remain profitable. Finally, firms may choose to increase prices further, until they make at least a normal return (Option D). However, this can be risky as it can lead to decreased demand and increased competition from other firms in the industry.
Overall, firms in a monopolistically competitive industry have several options to recover from short-run losses, but each option has its own advantages and disadvantages. It is up to the individual firms to decide which approach is best suited for their particular situation. Therefore Option A is correct.
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what two things give economics its reputation as the most powerful social science, according to thaler?
According to thaler, the 2017 recipient of the Nobel Memorial Prize in Economic Sciences for his contributions to behavioural economics, there are two factors that give economics its status as the most potent social science.
An early proponent of the area of behavioural economics, which applies psychological research insights to economic decision-making, is the American economist Richard H. Thaler.
Richard Thaler has studied economic decision-making using psychological insights since the 1980s. Three psychological traits, including the propensity to act less than fully logically, ideas of fairness and reasonableness, and a lack of self-control, have received particular attention from him.
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if aep earns $320,000 and the payout ratio (proportion distributed) is 45 percent, what is the change in retained earnings? round your answer to the nearest dollar.
The change in retained earnings can be calculated by first finding the amount distributed and then subtracting that from the total earnings. In this case, the proportion distributed is 45 percent of $320,000. Amount distributed = 0.45 * $320,000 = $144,000 Next, subtract the amount distributed from the total earnings to find the change in retained earnings: Change in retained earnings = $320,000 - $144,000 = $176,000 So, the change in retained earnings is $176,000.
Given that AEP earns $320,000 and the payout ratio (proportion distributed) is 45 percent, we need to calculate the change in retained earnings. Retained earnings refer to the portion of net income that is not distributed to shareholders but is retained by the company for reinvestment or other purposes. It can be calculated as follows:
Retained Earnings = Net Income - Dividends
Since we are given the payout ratio (proportion distributed), we can first calculate the dividends as follows:
Dividends = Payout Ratio x Net Income
= 0.45 x $320,000= $144,00
Now, we can calculate the retained earnings as follows:
Retained Earnings = Net Income - Dividends
= $320,000 - $144,000= $176,000
Therefore, the change in retained earnings is $176,000.
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