To deliver high customer value, a company must monitor and improve its value chain – the entire range of activities involved in delivering value to its customers.
The value chain concept was introduced by Michael Porter in his book "Competitive Advantage" and refers to a set of activities that a company performs in order to deliver a valuable product or service to its customers. These activities include everything from sourcing raw materials and manufacturing products to marketing and distribution.
By analyzing each stage of the value chain, companies can identify opportunities to increase efficiency, reduce costs, and improve the quality of their products or services. For example, a company might streamline its supply chain to reduce lead times and improve product availability, or invest in new technologies to improve the speed and accuracy of its manufacturing processes.
Ultimately, the goal of improving the value chain is to create a sustainable competitive advantage by delivering superior customer value at a lower cost than competitors.
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You are receiving deliveries for a valuated material. Which documents are created when you post a goods receipt?
a. inbound delivery
b. acct. document
c. material document
d. invoice document
When you receive deliveries for valuated material, several documents are created when you post a goods receipt. These documents include an inbound delivery, an accounting document, and a material document.
The inbound delivery document is created when the vendor sends the material to your warehouse or location. This document contains information about the material being delivered, such as the quantity, weight, and destination. It is used to confirm the delivery of the material and to initiate the goods receipt process.
The accounting document is created when the receipt of the goods is posted, and it records the financial impact of the transaction. It contains information such as the cost of the material, the vendor's details, and the account to be credited for the receipt of the good.
The material document is also created when the receipt of the goods is posted. This document records the movement of the material into your inventory and contains information such as the quantity received, the batch or serial number, and the storage location.
An invoice document is not typically created when you post a goods receipt, as the invoice is usually received and processed separately from the goods receipt process. However, if there is an error in the invoicing or if the goods received do not match the invoice, an invoice document may be created to correct the discrepancy.
In conclusion, when you receive deliveries for a valuated material, the documents created when you post a goods receipt include an inbound delivery, an accounting document, and a material document.
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Questions 1 & 2 ask for cash flows only, no present values. Although they are a critical part of the problem, since the problem is primarily about capital budgeting, they are not worth any points, and you have unlimited tries. If your submissions are accepted as correct, but the answers that are provided (in bold) are different than your submissions, you should use the answers in bold when you answer Questions 3 and 4. Also, you should use the present value tables on page 113 in the Coursepack. The Brisbane Manufacturing Company produces a single model of a CD player. Each player is sold for $193 with a resulting contribution margin of $75. Brisbane's management is considering a change in its quality control system. Currently, Brisbane spends $41,500 a year to inspect the CD players. An average of 1,900 units turn out to be defective - 1,520 of them are detected in the inspection process and are repaired for $75. If a defective CD player is not identified in the inspection process, the customer who receives it is given a full refund of the purchase price. The proposed quality control system involves the purchase of an x-ray machine for $200,000. The machine would last for five years and would have salvage value at that time of $18,000. Brisbane would also spend $430,000 immediately to train workers to better detect and repair defective units. Annual inspection costs would increase by $20,000. Brisbane expects this new control system to reduce the number of defective units to 360 per year. 300 of these defective units would be detected and repaired at a cost of only $41 per unit. Customers who still receive defective players will be given a refund equal to 120% of the purchase price. Questions 1 & 2 [0 points; unlimited tries] 1. What is the Year 3 cash flow if Brisbane keeps using its current system? Submit Answer Tries 0/99 2. What is the Year 3 cash flow if Brisbane replaces its current system? Submit Answer Tries 0/99 Questions 3 & 4 [5 points each; 5 tries each] 3. Assuming a discount rate of 6%, what is the net present value if Brisbane keeps using its current system? Submit Answer Tries 0/5 4. Assuming a discount rate of 6%, what is the net present value if Brisbane replaces its current system? Submit Answer Tries 0/5
1. Year 3 cash flow if Brisbane keeps using its current system: $85,500 ($41,500 inspection costs + $44,000 cost of repairing defective units (1,520 x $75))
2. Year 3 cash flow if Brisbane replaces its current system: $61,500 ($20,000 increase in inspection costs + $41,000 cost of repairing defective units (300 x $41) + $120,000 refunded to customers for defective units (100 x $193 x 120%))
3. Net present value if Brisbane keeps using its current system: -$65,631.60
Calculation:
Year 0: -$41,500
Year 1: $48,000
Year 2: $48,000
Year 3: $85,500
NPV = -[tex]41,500/(1+0.06)^0 + $48,000/(1+0.06)^1 + $48,000/(1+0.06)^2[/tex][tex]+ $85,500/(1+0.06)^3 = -$65,631.60[/tex]
4. Net present value if Brisbane replaces its current system: $14,331.80
Calculation:
Year 0: -$630,000 ($200,000 machine + $430,000 training costs)
Year 1: -$62,000 ($20,000 increase in inspection costs + $41,000 cost of repairing defective units (300 x $41))
Year 2: -$62,000
Year 3: $61,500 ($20,000 increase in inspection costs + $41,000 cost of repairing defective units (300 x $41) + $120,000 refunded to customers for defective units (100 x $193 x 120%))
Year 4: $18,000 (salvage value of the x-ray machine)
NPV = -[tex]630,000/(1+0.06)^0 + -$62,000/ + -$62,000/(1+0.06)^2 + $61,500/(1+0.06)^3 + $18,000/(1+0.06)^4 = $14,331.80[/tex]
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Corporate_______ includes charitable donations by corporations to nonprofit groups of all kinds
Corporate philanthropy is the term used to describe charitable donations made by corporations to nonprofit organizations. These donations can take many forms, including cash contributions, in-kind donations, and volunteer time.
Corporate philanthropy is an important way for businesses to give back to their communities and support causes that align with their values and mission. Corporate philanthropy can be an effective tool for building a positive brand image, increasing employee morale, and strengthening relationships with customers and other stakeholders. Many companies also view corporate philanthropy as a way to address social and environmental issues, and to promote sustainability and corporate responsibility.
There are many different types of corporate philanthropy programs, including corporate foundations, employee giving campaigns, matching gift programs, and cause-related marketing initiatives. Some companies also provide pro bono services or donate products or services to nonprofit organizations.
Overall, corporate philanthropy is an important part of the social fabric of modern business. By giving back to their communities and supporting important causes, corporations can help to create a better world for everyone.
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Certain materials for external procurement are NO longer valid. What mechanism can you use to prevent the purchase of those materials?
a. set procurement type to inhouse
b. set the material inactive
c. set a vendor block
e. set a material status
To prevent the purchase of certain materials for external procurement that are no longer valid, you can use the mechanism of setting a material status (option e). This approach allows you to control the procurement process by restricting specific actions related to the materials, such as purchasing or production.
By setting a material status, you can indicate that a particular material should not be procured externally, ensuring that purchase orders for that material are not created. This helps maintain accurate inventory and prevents unnecessary expenditures on materials that are no longer needed or have become obsolete.
While the other options may also help in specific situations, they do not address the issue as effectively as setting a material status. Setting procurement type to in-house (option a) would only apply to materials that can be produced internally. Setting the material inactive (option b) can disrupt the entire material management process, not just procurement. Lastly, setting a vendor block (option c) would only prevent purchasing from a specific vendor, rather than preventing the purchase of the material altogether.
In conclusion, setting a material status is the most effective mechanism to prevent the purchase of materials that are no longer valid for external procurement.
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What best describes the relationship between the Product Owner and the stakeholders?
The relationship between the Product Owner and stakeholders is a critical aspect of Agile software development.
In Agile, the Product Owner acts as the liaison between the development team and stakeholders, including customers, users, and other interested parties. The Product Owner's primary responsibility is to understand and prioritize the needs of these stakeholders, and to communicate those needs to the development team.The relationship between the Product Owner and stakeholders is one of collaboration and communication.
The Product Owner must work closely with stakeholders to understand their requirements, gather feedback, and ensure that the development team is meeting their needs. This requires effective communication and a willingness to listen and respond to feedback.
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santiago corporation sells ultra-lite backpacks for backpacking. at the beginning of the year, there was one backpack in inventory costing $200. santiago purchased another backpack for $250 and then sold one of the backpacks for $375. how much should be allocated to cost of goods sold using the last-in, first-out method
The $250 should be allocated to cost of goods sold using the LIFO method.
Why will be allocated to cost of goods sold using the last-in, first-out method?The last-in, first-out ([tex]LIFO[/tex]) method assumes that the most recent inventory items purchased are sold first. Using the [tex]LIFO[/tex] method, the cost of goods sold ([tex]COGS[/tex]) is calculated based on the cost of the most recent inventory items sold.
In this case, there are two backpacks purchased during the year, with one sold for $375. Using the [tex]LIFO[/tex] method, the cost of the backpack sold would be based on the cost of the most recent inventory item purchased, which is $250.
The cost of goods sold can be calculated as follows:
Cost of goods sold = cost of most recent inventory item sold x quantity sold
Quantity sold = 1 backpack
Cost of most recent inventory item sold = $250
Cost of goods sold = $250 x 1 = $250
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identify which form of promotion is being described by the following. a window display showing a new clothing line
The form of promotion being described is visual merchandising.
Visual merchandising involves using visual elements, such as displays, signage, and aesthetics, to showcase products and attract customers' attention.
In this case, the window display showcasing a new clothing line is a visual merchandising technique commonly used by retailers to promote their products and generate interest from passersby.
The purpose of the window display is to create an attractive and eye-catching presentation that entices customers to enter the store and explore the clothing line.
Behind all the magic lies a visual merchandiser. While retaining tight relationships at higher levels of retail, they move equipment, design signage, set up lighting, and work with suppliers. They also engage in price negotiations and marketing strategy discussions.
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You intend to procure low-value material over a period of time up to a specific amount. What type of purchasing document is best suited for this purpose?
a. blanket PO
b. release PO
c. service PO
d. standard PO
If you intend to procure low-value material over a period of time up to a specific amount, a blanket PO is the best-suited purchasing document for this purpose.
A blanket PO allows you to purchase a specific quantity of goods or services at a fixed price over a set period of time. This type of PO is ideal for purchasing low-value materials or services that are used on an ongoing basis, such as office supplies or maintenance services. With a blanket PO, you can save time and reduce administrative costs by consolidating multiple orders into a single document.
A release PO, on the other hand, is used for one-time purchases of goods or services that are not recurring in nature. A service PO is used to purchase services, such as consulting or repair services, and a standard PO is used for purchases that do not fit into the other categories. However, for low-value materials that are purchased over time, a blanket PO is the most appropriate choice as it allows for greater control and efficiency in the process.
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Which one of the following is not a classification of an individual's racial category according to the United States Bureau of Census?
A) Caucasian or Other Pacific Islander
B) Asian
C) Some Other Race
D) Native Hawaiian or Other Pacific Islander
E) Two or More Races
Caucasian or Other Pacific Islander is not a classification of an individual's racial category according to the United States Bureau of Census.
The current racial and ethnic categories used by the United States Census Bureau include:
- White
- Black or African American
- American Indian or Alaska Native
- Asian
- Native Hawaiian or Other Pacific Islander
- Some Other Race
- Two or More Races
The categories are based on self-identification and do not denote any biological or genetic differences between groups. Some people may identify with more than one racial category, which is why "Two or More Races" is included as a category. "Some Other Race" is used as a category for people who do not identify with any of the other categories listed. The Census Bureau periodically reviews and updates its racial and ethnic categories to ensure that they accurately reflect the diversity of the population.
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bob, an internet marketing manager, has coercive power at work. his employees are likely to do what bob says because _________. bob is likely to have difficulty using his power if employees __________.
Bob has coercive power at work because he has the ability to punish or harm his employees if they do not comply with his requests.
This type of power is based on fear and intimidation, and employees are likely to do what Bob says to avoid negative consequences such as reprimands, demotions, or even job loss. This can create a toxic work environment where employees feel powerless and unmotivated. However, Bob is likely to have difficulty using his power if employees have other options or resources available to them. For example, if they have strong relationships with other managers or higher-ups in the company, they may feel more confident in speaking up against Bob's demands. If they have strong unions or legal protections, they may be able to challenge Bob's coercive power without fear of retaliation. Ultimately, relying on coercive power can lead to negative consequences for both Bob and his employees. It is more effective for managers to build positive relationships with their employees based on trust, respect, and open communication. This can create a more supportive and productive work environment where employees feel empowered to contribute their ideas and skills to the company's success.
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November is traditionally the strongest month for sales of light trucks, but sales this past November, even when compared with sales in previous Novembers, accounted for a remarkably large share of total vehicle sales.(A) but sales this past November, even when compared with sales in previous Novembers, (B) but even when it is compared with previous Novembers, this past November’s sales (C) but even when they are compared with previous Novembers, sales of light trucks this past November (D) so that compared with previous Novembers, sales of light trucks this past November (E) so that this past November’s sales, even compared with previous Novembers’ sales,
The correct answer is (C) but even when they are compared with previous Novembers, sales of light trucks this past November.
This sentence properly emphasizes that sales of light trucks in this past November accounted for a remarkably large share of total vehicle sales, even when compared to sales in previous Novembers.
Business-to-consumer sale is a form of sales that occurs between a business and its customers. There is no middle person involved in this form of sales.
Thus, the consumer does not have to do anything much to be sold a product.
An example of business-to-consumer sales is online retailers who sell products to consumers online.
The consumers do not have to do much prospecting or qualifying.
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sunrise, incorporated, is trying to determine its cost of debt. the firm has a debt issue outstanding with 25 years to maturity that is quoted at 103 percent of face value. the issue makes semiannual payments and has an embedded cost of 8 percent annually.
Sunrise, Incorporated's cost of debt issue is 7.77%.
The cost of debt for Sunrise, Incorporated can be calculated using the information provided. The issue outstanding has a face value of 100 and is quoted at 103 percent, meaning it is selling at a premium. The semiannual payments made on the issue can be calculated as follows:
Semiannual payment = Face value * (Embedded cost/2) = 100 * (0.08/2) = 4
The total annual payment is then calculated by doubling the semiannual payment:
Annual payment = 2 * Semiannual payment = 2 * 4 = 8
To determine the cost of debt, we need to use the following formula:
Cost of debt = Annual payment / Bond price
Since the bond is quoted at 103 percent of face value, the bond price is calculated as follows:
Bond price = Face value * (Quoted price/100) = 100 * (103/100) = 103
Substituting the values, we get:
Cost of debt = 8 / 103 = 0.0777 or 7.77%
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The process of managing risk in a project is:
a. done at the beginning of the project planning cycle.
b. selected by the management team.
c. not part of the PMBOK.
d. a dynamic process throughout the project life cycle.
d. a dynamic process throughout the project life cycle.
Managing risk is an ongoing process that requires continual monitoring and adjustment throughout the project life cycle. It involves identifying potential risks, assessing their likelihood and impact, and developing strategies to mitigate or manage them.
The process should be integrated into all aspects of project management, including planning, execution, and control, to ensure that risks are managed effectively and proactively. The PMBOK (Project Management Body of Knowledge) recognizes risk management as a key knowledge area and provides guidelines for managing risk throughout the project life cycle.
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place the steps of the price setting process in order. note: the first step in the process should be the top item in your list.
The steps involved in this process are as follows:1. Define pricing objectives, 2. Analyze the market and competition, 3. Determine cost of production, 4. Set initial price, 5. Monitor and adjust price and It is important for companies to follow these steps in order to set an appropriate price
Define pricing objectives: The first step in the process is to define the objectives that the company wants to achieve through pricing. This can include maximizing profits, increasing market share, or maintaining the current price level.
Analyze the market and competition: The second step is to analyze the market and competition to determine the demand for the product and the prices set by competitors.
Determine cost of production: The next step is to determine the cost of producing the product, including direct and indirect costs. Set initial price: Using the information gathered in steps 1-3, the company can set an initial price for the product.
Monitor and adjust price: The final step is to continuously monitor the price and make adjustments as necessary based on changes in the market, competition, or production costs. By doing so, they can ensure that they are generating revenue while remaining competitive in the market.
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Based on the following information, calculate the manufacturing overhead applied to job 101.Estimated manufacturing overhead cost$300,000Estimated direct labor cost$150,000Actual direct labor cost for job 101$80,000$160,000
Based on the following information:
- Estimated manufacturing overhead cost: $300,000
- Estimated direct labor cost: $150,000
- Actual direct labor cost for job 101: $80,000
To calculate the manufacturing overhead applied to job 101, follow these steps:
1. Calculate the predetermined overhead rate: Divide the estimated manufacturing overhead cost by the estimated direct labor cost.
Predetermined overhead rate = ($300,000) / ($150,000) = 2
2. Apply the predetermined overhead rate to the actual direct labor cost for job 101.
Manufacturing overhead applied to job 101 = Predetermined overhead rate x Actual direct labor cost for job 101
Manufacturing overhead applied to job 101 = 2 x $80,000 = $160,000
So, the manufacturing overhead applied to job 101 is $160,000.
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The manufacturing overhead applied to job 101 is $160,000.
To calculate the manufacturing overhead applied to job 101, we need to use the predetermined overhead rate formula, which is:
Predetermined overhead rate = Estimated manufacturing overhead cost / Estimated direct labor cost
Predetermined overhead rate = $300,000 / $150,000 = 2
This means that for every $1 of direct labor cost, $2 of manufacturing overhead cost is applied.
To calculate the manufacturing overhead applied to job 101, we need to multiply the actual direct labor cost for job 101 by the predetermined overhead rate:
Manufacturing overhead applied to job 101 = Actual direct labor cost for job 101 x Predetermined overhead rate
Manufacturing overhead applied to job 101 = $80,000 x 2
Manufacturing overhead applied to job 101 = $160,000
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A seller promises the buyer he will install new deadbolt locks on all the exterior doors before closing, but the seller never gets the new locks installed. At closing, the buyer signs all required documents accepting the property and doesn't ask for any type of allowance for new locks. After settlement the buyer goes back to the seller and asks for the new locks to be installed and the seller knows he has to get them installed. Why does the seller feel this way?
The seller feels such a way as there was a clause in the sales contract stating promises and obligations will survive settlement
In the given question, before closing, the seller made a guarantee to the buyer that he would replace the deadbolt locks on all of the property's exterior doors. However, the buyer went through with the closing and agreed to buy the house without asking for a discount for the new locks. The buyer approaches the seller after the transaction is completed and requests that the new locks be fitted.
The seller agrees that he must carry out his commitment to install the locks, but he shows discomfort or displeasure because the sales contract has a provision saying that promises and responsibilities endure settlement. Therefore, the buyer may have legal grounds to pursue enforcement if the seller failed to deliver a promise or representation they made to one another as part of the sales contract.
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Under Maslow's hierarchy, _____ are not easily satisfied because they do not always provide tangible evidence of success.a.physiological needsb.security needsc.biological needsd.esteem needse.social needs
Maslow's hierarchy of needs is a theory in psychology that suggests that humans have certain basic needs that must be met in order to reach their full potential.
Physiological needs, such as food and shelter, are the most basic of these needs and must be satisfied before any other need can be addressed.
Security needs, such as safety and stability, come next and are essential for feeling secure in one's environment. Unfortunately, these security needs are often not easily satisfied because they do not always provide tangible evidence of success.
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_____ is the practice or activity carried on by an organization with the primary purpose of identifying and attracting potential employees.
A) Human resource recruitment
B) An applicant tracking system
C) Customer relationship management
D) Sensitivity training
E) Customer experience transformation
The main answer to your question is A) Human resource recruitment. This refers to the process of identifying and attracting potential employees for a company.
Various recruitment strategies and methods are used by organizations, such as job postings, career fairs, employee referrals, and social media recruiting. Effective recruitment is important for companies to acquire skilled and talented employees to achieve their business goals.
It refers to the practice or activity carried out by an organization to identify and attract potential employees. AHuman resource recruitment involves advertising job openings, reviewing applications, conducting interviews, and ultimately selecting the most suitable candidates for the positions available.
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Based on the debt ownership in the U.S. economy, which of the following statementsare true? (Select all that apply.)
a. The U.S. private sector holds about one-third of the national debt.
b. The U.S. government holds about 40 percent of the national debt.
c. State and local governments hold 3 percent of the national debt
The true statements are that the U.S. private sector holds about one-third of the national debt, and the U.S. government (including the Federal Reserve) holds about 54% of the national debt. The false statement is that state and local governments hold 3% of the national debt.
Based on the debt ownership in the U.S. economy, the true statement are- The U.S. private sector holds about one third of the national debt according to the Treasury Department's report on Ownership of Federal Securities as of December 2020, the U.S. private sector holds approximately 31.2% of the total national debt.and The U.S. government holds about 40 percent of the national debt- This statement is not entirely accurate. While the U.S. government does hold a significant portion of the national debt, the exact percentage varies depending on how it is defined. If the U.S. government is defined as including the Federal Reserve System, then the statement is true, as the Federal Reserve holds approximately 14.2% of the national debt as of December 2020. However, if the U.S. government is defined as excluding the Federal Reserve, then the statement is false, as the U.S. government only holds about 24.3% of the national debt.
The U.S. government, on the other hand, includes various agencies, departments, and programs such as the Department of Treasury, Social Security Administration, and Medicare. If we include the Federal Reserve System as part of the U.S. government, then the U.S. government held approximately $7.5 trillion of the national debt, which accounts for about 54% of the total national debt. However, if we exclude the Federal Reserve System, then the U.S. government held only about $6.7 trillion of the national debt, which accounts for about 24.3% of the total national debt.
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What effect has the twenty-four-hour news cycle had on journalism in America? O Stories may not be as heavily researched and vetted. O Higher levels of political news are reported. O There is an increase news aggregation. O Journalists often face conflicts of interest.
The twenty-four-hour news cycle has had a significant impact on journalism in America. On the positive side, it has led to higher levels of political news being reported and a greater focus on breaking news.
However, this constant need to produce content quickly has also had some negative consequences. Stories may not be as heavily researched and vetted as they were in the past, leading to inaccuracies and errors in reporting.
Furthermore, there is an increase in news aggregation, with news outlets often repeating the same stories over and over again. This can result in a lack of diversity in news coverage and a failure to cover important issues that may not generate as much immediate interest.
Finally, journalists often face conflicts of interest as they try to balance the need to report news quickly with the need to maintain their credibility and impartiality. They may be tempted to report sensational stories or to prioritize stories that will generate more clicks or views, even if those stories are not as important or accurate.
Overall, while the twenty-four-hour news cycle has brought some benefits to journalism, it has also created some challenges that journalists and news organizations must navigate carefully.
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retailing is one area where technology is unlikely to make a big difference in how services are provided. true or false
The statement "retailing is one area where technology is unlikely to make a big difference in how services are provided." is false.
Retailing is an area where technology has made and will continue to make a significant difference in how services are provided. Through innovations like e-commerce, mobile payment solutions, and inventory management systems, technology has greatly impacted the retail landscape.
Additionally, advancements in artificial intelligence and machine learning have allowed for personalized marketing and improved customer experiences. Moreover, the adoption of virtual and augmented reality has the potential to revolutionize the shopping experience by allowing customers to visualize products before purchasing.
In summary, technology has played a critical role in the evolution of the retail industry and will continue to do so in the future.
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product costs under absorption costing include blank . multiple select question. fixed manufacturing overhead direct labor direct materials variable selling and administrative variable manufacturing overhead
Product costs under absorption costing include fixed manufacturing overhead, direct labor, and direct materials. Variable selling and administrative and variable manufacturing overhead are not included in product costs under absorption costing.
Absorption costing is a method of accounting that assigns all of the manufacturing costs to the product, including both fixed and variable manufacturing overhead.
The fixed manufacturing overhead costs are allocated to the product based on the number of units produced, while the variable manufacturing overhead costs are assigned to the product based on the actual usage of the overhead.
Direct labor and direct materials are the two main components of product costs. Direct labor refers to the wages and benefits paid to the workers who are directly involved in the production process, while direct materials refer to the raw materials and components used to produce the product.
Fixed manufacturing overhead costs, on the other hand, are the costs that do not vary with the level of production. These costs include rent, property taxes, insurance, and salaries of management and administrative staff.
Therefore, the correct options for the question are fixed manufacturing overhead, direct labor, and direct materials. Variable selling and administrative and variable manufacturing overhead are not included in product costs under absorption costing.
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Explain how the firm obtains, and then disposes of, its cash flow
The firm obtains cash flow through various sources such as sales revenue, investments, loans, and other income-generating activities. Once the cash flow is received, the firm manages it by allocating it to various functions such as operating expenses, debt payments, investments, and other financial obligations.
The firm also manages its cash flow by implementing cash management strategies that involve forecasting future cash needs and maintaining adequate cash reserves.
In terms of disposing of cash flow, the firm can use it to repay debt, distribute dividends to shareholders, invest in new projects or acquisitions, or simply hold onto it as cash reserves. The decision to dispose of cash flow is based on the company's financial goals and objectives and must be done in a way that maximizes the value of the firm.
Ultimately, the firm's ability to manage its cash flow effectively is critical to its financial success and sustainability.
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Needs Grading On December 1, Bears Company received a $15,000, 75-day, 9% note from a customer in exchange for services pe urmed. Bears Company prepared the appropriate journal entry on December 1 to record the receipt of the note. (Assume a year has 360 days for interest computation purposes). 1. Prepare the year-end adjusting entry to record accrued interest on December 31. 2. Prepare the entry required on the notes maturity date assuming it is honored.
The year-end adjusting entry to record accrued interest on December 31 of the Bears Company is: Interest Receivable: $281.25 and Interest Revenue: $281.25, and the entry required on the notes maturity date is Notes Receivable: $15,000, Interest Receivable: $281.25 and Cash: $15,281.25.
An adjusting entry is a journal entry made at the end of an accounting period to record any income or expenses that have been earned or incurred but have not yet been recorded.
1. To record accrued interest on December 31, the adjusting entry would be:
Interest Receivable: $281.25
Interest Revenue: $281.25
($15,000 x 9% x 30/360 = $281.25)
2. Assuming the note is honored on its maturity date, the entry required would be:
Notes Receivable: $15,000
Interest Receivable: $281.25
Cash: $15,281.25
($15,000 + $281.25 = $15,281.25)
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Which of the following is the reason why middle managers often feel torn between the changes urged by the top management A Middle managers provide customers the personal details about their frontline employees B. Middle managers are the linkage between top executives and frontline employees C. Middle managers are seldom empowered with decision-making authority by the top management of organizations D. Middle managers are involved in designing the daily tasks and schedules for both the top management and frontline en E. Middle managers avoid working in a partnership with the top management and frontline employees
The reason why middle managers often feel torn between the changes urged by top management is that they are the linkage between top executives and frontline employees. The correct option is B.
Middle managers are responsible for implementing the decisions made by top executives and communicating those decisions to the frontline employees. They act as a bridge between the two groups and are often caught in the middle of conflicting demands and expectations. Top executives may push for changes that are not practical or feasible at the frontline level, while frontline employees may resist changes that they perceive as being imposed from above without consideration for their input or concerns.
However, they are seldom empowered with decision-making authority by the top management of organizations, which can lead to conflicts and difficulties in managing the changes. Therefore, middle managers need to balance the needs and expectations of both top management and frontline employees in order to successfully implement the changes.
The correct option is B.
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which of the following typically has a u-shaped curve? (check all correct answers.) responses total costs total costs average total cost average total cost average fixed cost average fixed cost average variable cost
Average total cost average (ATC)
Average variable cost (AVC).
The U-shaped curve is a common feature of the cost curves in microeconomics. It depicts the relationship between the cost per unit of output and the level of output.
The Average Total Cost (ATC) curve typically has a U-shape because it includes both fixed and variable costs. Initially, as the level of output increases, the fixed costs are spread over a larger number of units, resulting in a decrease in the average fixed cost (AFC).
However, at some point, the diminishing marginal returns to the variable inputs cause the average variable cost (AVC) to increase, and eventually, the increase in AVC outweighs the decrease in AFC, leading to an increase in ATC.
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if msrp is $24 and the below msrp price is $18, calculate the following payoffs: profit for abc x-plode when both firms charge msrp: $ profit for abc x-plode when it charges msrp but boomburgs charges below msrp: $ profit for abc x-plode when it charges below msrp but boomburgs charges msrp: $ profit for abc x-plode when both firms charge below msrp: $
To calculate the payoffs, we need to know the costs for each firm, as well as the market demand at each price point. Without this information, it's impossible to determine the exact profits for each scenario. However, we can use some assumptions to illustrate the general concept.
Let's assume that the cost for both firms is $12, and that the market demand at MSRP is 100 units, while the demand at below MSRP is 150 units.
1. If both firms charge MSRP, then ABC X-plode would make a profit of $12 per unit ($24 MSRP - $12 cost), resulting in a total profit of $1,200 (100 units x $12 profit per unit).
2.If ABC X-plode charges MSRP but Boomburgs charges below MSRP, then ABC X-plode would still make a profit of $12 per unit, but would only sell 100 units (since demand at MSRP is 100). The total profit would be $1,200.
3.If ABC X-plode charges below MSRP but Boomburgs charges MSRP, then ABC X-plode would sell all 150 units (since demand at below MSRP is 150), but would make a lower profit per unit. Let's assume ABC X-plode charges $16 per unit, resulting in a profit of $4 per unit ($16 price - $12 cost). The total profit would be $600 (150 units x $4 profit per unit).
4. If both firms charge below MSRP, then ABC X-plode would sell all 150 units, but at a lower profit per unit. Let's assume ABC X-plode charges $14 per unit, resulting in a profit of $2 per unit. The total profit would be $300 (150 units x $2 profit per unit).
It's important to note that these calculations are based on assumptions and may not accurately reflect the actual market conditions or costs for each firm.
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Lawson Co.’s allowance for uncollectible accounts was P95,000 at the end of 2015 and P90,000 at the end of 2014. For the year ended December 31, 2015, Lawson reported bad debt expense of P13,000 in its income statement. What amount did Lawson debit to the appropriate account in 2015 to write off actual bad debts?
Based on the information given, we can determine that Lawson Co. had an increase in its allowance for uncollectible accounts from P90,000 at the end of 2014 to P95,000 at the end of 2015. This indicates that Lawson recognized the potential for more bad debts in 2015 of P8,000 and set aside more money to cover these losses.
Here's a step-by-step explanation:
1. Start by finding the change in the allowance for uncollectible accounts between the end of 2014 and the end of 2015:
P95,000 (2015) - P90,000 (2014) = P5,000 (increase in allowance)
2. Next, consider the reported bad debt expense for 2015, which is P13,000.
3. To find the amount of actual bad debts written off, we need to offset the increase in allowance by the bad debt expense:
P13,000 (bad debt expense) - P5,000 (increase in allowance) = P8,000
So, Lawson Co. debited P8,000 to the appropriate account in 2015 to write off actual bad debts.
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4 2 points question at position 4 if interest rates decrease 50 basis points for an fi that has a cumulative gap (cgap) of $5 million, the expected change in net interest income is (hint: divide basis points by 10,000 to convert it to decimals) if interest rates decrease 50 basis points for an fi that has a cumulative gap (cgap) of $5 million, the expected change in net interest income is (hint: divide basis points by 10,000 to convert it to decimals) $2,500 -$250,000 -$25,000 $250,000
The answer is -$25,000.
The expected change in net interest income for an FI with a CGAP of $5 million and an interest rate decrease of 50 basis points can be calculated using the following formula:
Expected change in net interest income = CGAP * (interest rate decrease / 10,000)
Plugging in the given values, we get:
Expected change in net interest income = $5,000,000 * (50 / 10,000) = $25,000
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Assume the Hong Kong dollar (HK$) value is tied to the U.S. dollar and will remain tied to the U.S. dollar. Last month, a HK$ = 0.25 Singapore dollars. Today, a HK$ = 0.30 Singapore dollars. Assume that there is much trade in the computer industry among Singapore, Hong Kong, and the U.S. and that all products are viewed as substitutes for each other and are of about the same quality. Assume that the firms invoice their products in their local currency and do not change their prices.
A) Will the computer exports from the U.S. to Hong Kong increase, decrease, or remain the same? Briefly explain.
B) Will the computer exports from the U.S. to Singapore increase, decrease, or remain the same? Briefly explain.
This depreciation makes U.S. computers more expensive for Singaporean consumers, leading to a decrease in demand for U.S. computer exports to Singapore.
A) The computer exports from the U.S. to Hong Kong will remain the same. This is because the Hong Kong dollar (HK$) value is tied to the U.S. dollar, and therefore, no exchange rate fluctuations will occur between these two currencies. As a result, the relative prices of U.S. computers in Hong Kong will not change, and there will be no impact on the demand for U.S. computer exports to Hong Kong.
B) The computer exports from the U.S. to Singapore will decrease. Last month, a HK$ = 0.25 Singapore dollars, and today, a HK$ = 0.30 Singapore dollars. This means that the Singapore dollar has depreciated relative to the Hong Kong dollar. Since the Hong Kong dollar is tied to the U.S. dollar, it also implies that the Singapore dollar has depreciated relative to the U.S. dollar.
This depreciation makes U.S. computers more expensive for Singaporean consumers, leading to a decrease in demand for U.S. computer exports to Singapore.
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