Greensboro Performing Arts Center (GPAC) can use variance analysis to evaluate the performance of a Broadway musical show and compare the budgeted and actual sales mix percentages, contribution margin, and revenue.
1) The budgeted and actual sales mix percentages for different types of seats are:
Budgeted sales mix:
Center seats: 2,600 / 9,400 = 27.66%
Side seats: 3,100 / 9,400 = 33.00%
Balcony seats: 3,700 / 9,400 = 39.34%
Actual sales mix:
Center seats: 2,600 x 0.85 = 2,210 / 9,400 = 23.51%
Side seats: 3,100 x 0.75 = 2,325 / 9,400 = 24.68%
Balcony seats: 3,700 x 0.65 = 2,405 / 9,400 = 25.59%
2) The budgeted average contribution margin per seat is:
Center seats: $80
Side seats: $70
Balcony seats: $60
3) a. The total sales mix variance is:
Center seats: 2,600 x $80 x 80% = $166,400
Side seats: 3,100 x $70 x 70% = $153,300
Balcony seats: 3,700 x $60 x 75% = $166,500
Total budgeted revenue = $486,200
The actual revenue is:
Center seats: 2,210 x $80 = $176,800
Side seats: 2,325 x $70 = $162,750
Balcony seats: 2,405 x $60 = $144,300
Total actual revenue = $483,850
The sales mix variance is:
(23.51% - 27.66%) x $486,200 = -$98,298.24
b. The total sales quantity variance:
Center seats: 2,600 x 80% = 2,080
Side seats: 3,100 x 70% = 2,170
Balcony seats: 3,700 x 75% = 2,775
Budgeted contribution margin per unit:
Center seats: $80
Side seats: $70
Balcony seats: $60
The actual quantity sold and revenue are:
Center seats: 2,210
Side seats: 2,325
Balcony seats: 2,405
Actual revenue:
Center seats: 2,210 x $80 = $176,800
Side seats: 2,325 x $70 = $162,750
Balcony seats: 2,405 x $60 = $144,300
Total actual revenue = $483,850
The sales quantity variance is:
(2,080 + 2,170 + 2,775 - 2,210 - 2,325 - 2,405) x ($80 + $70 + $60) = $38,250
4) The total sales volume variance is:
Budgeted revenue = $486,200
Actual revenue = $483,850
The sales volume variance is:
($486,200 - $483,850) = $2,350
The sales quantity variance:
Sales mix variance = -$98,298.24
Sales quantity variance = $38,250
Sales volume variance = -$98,298.24 + $38,250 = -$60,048.24
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which of the following helps to prevent offerors from revoking their offers prior to acceptance when the offeree relies on it being kept open?
One way to prevent offerors from revoking their offers prior to acceptance when the offeree relies on it being kept open is through the use of an option contract.
An option contract allows the offeree to pay the offeror a certain amount of money to keep the offer open for a specified period of time. This gives the offeree the assurance that the offer will not be revoked during that period and allows them to make any necessary arrangements or decisions based on the offer. Once the offeree accepts the offer, the option contract becomes binding, and the offeror must follow through with the terms of the agreement.
The term that helps prevent offerors from revoking their offers prior to acceptance when the offeree relies on it being kept open is "option contract." An option contract is a legal agreement between the offeror and offeree, where the offeror agrees not to revoke their offer for a specified period in exchange for a fee or other form of consideration provided by the offeree. This contract ensures that the offer remains open for the agreed-upon duration, allowing the offeree to rely on the offer without fear of it being revoked. By entering into an option contract, both parties can secure their interests and avoid potential disputes related to offer revocation.
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january 1, 2018, smith co. purchased common stock of north company for $500,000. north company has common stock outstanding of $10 million. smith owns 5% of the outstanding stock of north. on december 31, 2018, north company has $250,000 in net income and pays smith co. $5,000 in dividends. what should smith co. record on december 31, 2018?
the journal entry on December 31, 2018 for Smith Co.'s investment in North Company would be:Investment in North Company $7,500 , Dividends Received $5,000, Share of Net Income $12,500
On December 31, 2018, Smith Co. should record two transactions related to their investment in North Company:
1. Recording the share of net income earned by North Company:
Smith Co. owns 5% of North Company's outstanding stock, so they are entitled to 5% of North's net income for the year. North Company had $250,000 in net income for the year, so Smith Co.'s share of that income would be:
$250,000 x 5% = $12,500
Therefore, Smith Co. should record an increase in their investment account for $12,500 to reflect their share of North Company's net income.
2. Recording the dividends received from North Company:
North Company paid out $5,000 in dividends to Smith Co. during the year. Dividends received are recorded as a reduction in the investment account, so Smith Co. should record a decrease in their investment account for $5,000 to reflect the dividends received.
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nonagricultural employers are mandated to pay their federal payroll taxes according to a schedule that is determined based upon:
Nonagricultural employers are mandated to pay their federal payroll taxes according to a schedule that is determined based upon the amount of taxes they have withheld from their employees.
If an employer has reported less than $50,000 in taxes during the lookback period, they are generally required to follow the monthly deposit schedule. Under this schedule, taxes are due by the 15th day of the month following the month in which the taxes were withheld. For example, taxes withheld in January would be due by February 15th.
If an employer has reported more than $50,000 in taxes during the lookback period, they are generally required to follow the semi-weekly deposit schedule. Under this schedule, taxes must be deposited by the Wednesday following the pay date for payroll taxes withheld on Wednesday, Thursday, or Friday of the previous week.
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The appropriate method for the disposition of underapplied or overapplied overhead of a manufacturer
A. Is to cost of goods sold only.
B. Is to finished goods inventory only.
C. Is apportioned to cost of goods sold and finished goods inventory.
D. Depends on the significance of the amount.
The appropriate method for the disposition of underapplied or overapplied overhead of a manufacturer is D. Depends on the significance of the amount.
The disposition of underapplied or overapplied overhead can vary depending on the significance of the amount. If the amount is significant, it is typically apportioned to cost of goods sold and finished goods inventory (option C). However, if the amount is insignificant, it may be directly adjusted to the cost of goods sold (option A). The company's management usually determines the significance of the amount and chooses the appropriate method accordingly.
In summary, the method for the disposition of underapplied or overapplied overhead depends on the significance of the amount, as different methods may be applied based on the company's management decision.
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Which report would you view to see the Gross Margins (how profitable) each of your products were last year?
To see the Gross Margins (how profitable) of each of your products last year, you would view the Product Profitability Report. This report provides valuable insights into the financial performance of your products and helps you determine which ones are most profitable.
To obtain this report, follow these steps:
1. Gather financial data for the last year, including product sales revenue and the cost of goods sold (COGS) for each product.
2. Calculate the Gross Margin for each product by subtracting the COGS from the sales revenue. This gives you the gross profit.
3. Divide the gross profit by the sales revenue and multiply by 100 to obtain the Gross Margin percentage.
4. Create a table or spreadsheet to organize this information, listing each product, its sales revenue, COGS, gross profit, and Gross Margin percentage.
5. Sort the products by their Gross Margin percentages, which allows you to quickly identify the most and least profitable products.
By reviewing the Product Profitability Report, you can make informed decisions on which products to focus on, optimize production costs, and identify opportunities for growth. It's essential to monitor the Gross Margins of your products regularly, as it serves as an indicator of your business's overall profitability and financial health.
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which of the following is an advantage of having a moderate level of organizational conflict? multiple choice it energizes people to evaluate alternatives in decision making. it helps reduce organizational politics. it promotes organizational cohesion. it boosts employee motivation.
The advantage of having a moderate level of organizational conflict is that it energizes people to evaluate alternatives in decision making. Conflict is not always bad, and when managed properly, it can bring about positive outcomes. A moderate level of conflict within an organization can stimulate creativity, innovation, and critical thinking.
When individuals are faced with conflicting ideas or opinions, they are encouraged to evaluate alternative solutions, which can lead to better decision making. This process can also help to identify weaknesses in current practices and provide opportunities for improvement.
However, it is important to note that a moderate level of conflict is necessary for this advantage to be realized. If conflict levels become too high, it can lead to negative outcomes such as reduced organizational cohesion and employee motivation. In addition, if conflict is not managed effectively, it can lead to destructive behaviors such as personal attacks, sabotage, and resistance to change. Therefore, it is essential that organizations have effective conflict management strategies in place to prevent conflict from becoming destructive.
In conclusion, a moderate level of conflict can be advantageous for an organization as it can energize people to evaluate alternatives in decision making. However, this advantage can only be realized if conflict is managed effectively, and the level of conflict remains moderate. Organizations must strive to create a culture that encourages healthy conflict and has effective conflict management strategies in place to prevent conflict from becoming destructive.
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Eller, Fort, and Owens do business as Venture Associates, a general partnership. Trent Corp. brought a breach of contract suit against Venture and Eller individually. Trent won the suit and filed a judgment against both Venture and Eller. Venture then entered bankruptcy. Under the RUPA, Trent will generally be able to collect the judgment in full from
A.Partnership assets but not partner personal assets.
B.The personal assets of Eller, Fort, and Owens.
C.Eller's personal assets only after partnership assets are exhausted.
D.Eller's personal assets.
Under the RUPA, Trent will generally be able to collect the judgment in full from partnership assets but not partner personal assets to satisfy the debt. Therefore, the correct answer is option A.
In this case, Trent Corp. won a judgment against Venture Associates, the general partnership, and Eller, an individual partner. The general partnership's assets will be used first to pay off the judgment before the individual partner’s personal assets can be touched.
However, if the partnership assets are not enough to pay the judgment in full, then the individual partners may be held liable for the remaining amount based on their share of the partnership.
Therefore, the correct answer is A) Partnership assets but not partner personal assets. Trent Corp. can collect the judgment in full from Venture Associates' partnership assets but cannot go after Eller's personal assets unless the partnership assets are insufficient to satisfy the judgment.
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An international company is looking to expand its network of factories, which use labor-intensive production methods, in a region of the world experiencing significant growth in the working-age population. Based on the data in the table, which of the following regions should the company choose?
A. North America, which will have faster working-age growth in 2015 to 2030 than in 2000 to 2015
B. Asia, which will have a faster working-age growth rate in 2015 to 2030 than in 2000 to 2015
C. Latin America, which had the fastest working-age growth rate among world regions from 2000 to 2015
D. Asia, which will have the fastest working-age growth rate among world regions from 2015 to 2030
E. Sub-Saharan Africa, which will have the fastest working-age growth rate among world regions from 2015 to 2030
Based on the given data, the international company should choose to expand its network of factories in Sub-Saharan Africa, which will have the fastest working-age growth rate among world regions from 2015 to 2030. This decision is made considering the following reasons:
1. Labor-intensive production methods: Since the company uses labor-intensive production methods, it would benefit from a region with a growing working-age population, as it ensures the availability of a workforce.
2. Working-age growth rate: Sub-Saharan Africa's working-age growth rate is expected to be the fastest among world regions from 2015 to 2030. This indicates a continuous supply of labor for the company in the coming years.
3. Regional growth: Expanding in a region experiencing significant growth in the working-age population suggests that the company can capitalize on the potential market and workforce opportunities offered by the region.
4. Comparison with Latin America: Although Latin America had the fastest working-age growth rate among world regions from 2000 to 2015, the company should focus on future prospects, which indicates Sub-Saharan Africa is the better choice.
In conclusion, the company should opt for Sub-Saharan Africa to expand its network of factories due to the anticipated fastest working-age growth rate from 2015 to 2030, allowing the company to benefit from the labor-intensive production methods and capitalize on the region's growth potential.
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Suppose there are a large number of men who used to work or seek work who now no longer do either. Other things the same, this makes:.
The decrease in the number of men who work or seek work leads to a decrease in the labor force participation rate.
The labor force participation rate is the percentage of the working-age population that is either employed or actively seeking employment.
Therefore, if a large number of men who used to work or seek work are no longer doing either, the labor force participation rate would decrease. This could potentially have negative impacts on the economy, such as a decrease in productivity and overall economic growth. Additionally, it may lead to an increase in government spending on social welfare programs for those who are no longer employed.
Overall, it is important for policymakers to address the factors that are causing this decrease in labor force participation, such as lack of job opportunities, education and training barriers, and other socio-economic factors. By addressing these issues, it can help increase the labor force participation rate, which would have positive impacts on the economy as a whole.
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a company that prepares its financial statements according to international financial reporting standards (ifrs) must calculate amortization of capitalized software development costs in the same way as under u.s. gaap. True/false ?
The statement is False. While both International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP) require companies to amortize capitalized software development costs, there are differences in their approaches.
Under IFRS, capitalized software development costs are amortized over the useful life of the intangible asset, which is determined by the company. The method of amortization should be chosen based on the expected pattern of economic benefits, typically the straight-line method. Companies should review useful life and amortization methods periodically.
On the other hand, U.S. GAAP follows a two-stage process for amortization. In the development stage, costs are expensed as incurred. Once the product is technologically feasible and commercial production begins, costs are capitalized and then amortized. Amortization is based on the greater ratio of current revenue to total anticipated revenue or the straight-line method over the asset's remaining economic life.
In summary, while both IFRS and U.S. GAAP require the amortization of capitalized software development costs, their approaches and specific methods differ. Companies preparing financial statements under IFRS and U.S. GAAP need to be aware of these differences and apply the appropriate accounting treatment accordingly.
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Litton Industries uses a perpetual inventory system. The company began its fiscal year with inventory of $267,000. Purchases of merchandise on account during the year totaled $845,000 Merchandise costing $902,000 was sold on account for $1,420,000. Prepare the journal entries to record these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Litton Industries, a company using perpetual inventory system, had an inventory of $267,000 at the beginning of its fiscal year. Throughout the year, the company made purchases of merchandise worth $845,000 on account and sold merchandise worth $1,420,000 on account, costing $902,000. To record these transactions, the following journal entries need to be made:
1. To record purchase of merchandise on account:
Inventory $845,000
Accounts Payable $845,000
2. To record sale of merchandise on account:
Accounts Receivable $1,420,000
Sales Revenue $1,420,000
Cost of Goods Sold $902,000
Inventory $902,000
No journal entry is required to record the beginning inventory value. Therefore, the above journal entries are necessary to record the transactions.
Hi! I'm happy to help you with the journal entries for Litton Industries. Here are the step-by-step explanations for the given transactions:
1. Beginning inventory of $267,000:
No journal entry required, as this is the opening balance of the inventory.
2. Purchases of merchandise on account for $845,000:
Debit Inventory $845,000
Credit Accounts Payable $845,000
(To record merchandise purchases on account)
3. Merchandise costing $902,000 was sold on account for $1,420,000:
Debit Accounts Receivable $1,420,000
Credit Sales Revenue $1,420,000
(To record sales on account)
Debit Cost of Goods Sold (COGS) $902,000
Credit Inventory $902,000
(To record the cost of merchandise sold)
These are the journal entries for the given transactions involving Litton Industries, a company that uses a perpetual inventory system.
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marketing research is utilized when market intelligence, internal company data, and analytics software falls short.T/F
False
Marketing research is utilized when market intelligence, internal company data, and analytics software falls short.
While marketing research can be utilised when market intelligence, internal company data, and analytics software are insufficient or limited, it is not the only situation in which marketing research is conducted. Marketing research is a broad term that encompasses a wide range of activities aimed at gathering and analysing data about customers, competitors, and the market. It is often used to gain insights into consumer behaviour, identify customer needs and preferences, evaluate product or service performance, and assess market trends and opportunities. Market intelligence, internal company data, and analytics software can provide valuable information and insights, but they may not always be sufficient for answering specific research questions or addressing particular business challenges. In these cases, marketing research can be used to collect additional data, test hypotheses, and gain deeper insights into the market and customer behaviour. However, marketing research can also be conducted even when these sources are available to gain a deeper understanding of customers, test new ideas, or validate insights gained from other sources. In summary, marketing research is not solely utilised when other sources fall short, but rather it is a valuable tool for gaining insights into the market and customers, regardless of the availability of other sources of information.
Complete Question
The Marketing research is utilized when market intelligence, internal company data, and analytics software falls short.
True or False
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Land and buildings are classified as _____ property, while items such as machinery, equipment, and furnishings are classified as tangible, personal property.
Land and buildings are classified as real property, while items such as machinery, equipment, and furnishings are classified as tangible personal property.
Real property refers to physical assets that are permanently attached to the land, such as buildings, land, and fixtures. Real property can also include natural resources such as minerals, crops, and water rights. Real property is typically bought and sold through real estate transactions and is subject to a range of laws and regulations governing land use and development. Tangible personal property, on the other hand, refers to movable assets that are not attached to the land, such as machinery, equipment, and furnishings. These items can be bought and sold through a range of transactions, such as auctions, private sales, and online marketplaces. Tangible personal property is typically subject to a different set of laws and regulations than real property, and its value can fluctuate based on a range of factors, such as market demand and depreciation.
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over the past 50 years, which of the following financial assets showed the greatest amount of price volatility, as measured by standard deviation?
According to historical statistics, equities have seen the highest level of standard deviation-measured price volatility over the previous 50 years.
This is due to the fact that stocks reflect ownership in a corporation, whose price may be impacted by a variety of economic, political, and market-related issues. On the other hand, because they offer a fixed rate of return and are less impacted by market movements, bonds and other fixed-income investments typically have lower volatility.
Stocks or equities have often had the highest level of price volatility over the previous 50 years, as determined by standard deviation.
Due to a number of variables, including business success, investor attitude, and economic conditions, these investments' prices may fluctuate significantly.
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When are planning adjustments communicated back to the Agile Release Train after the management review
Planning adjustments are typically communicated back to the Agile Release Train after the management review during the Program Increment (PI) Planning event.
This event is a key ceremony in the SAFe framework and involves all team members, stakeholders, and leadership in aligning on the program objectives, identifying dependencies and risks, and planning the work for the upcoming Program Increment PI. During this event, any adjustments made during the management review are discussed and incorporated into the PI plan, ensuring that the team is working towards the latest and most relevant priorities.
After the management review, the planning adjustments are communicated back to the ART team through various means, such as the daily stand-up, the iteration planning meeting, or other communication channels
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TRUE OR FALSE. The Fed rule is an equation that shows how the interest rate behavior of the Fed depends on the state of the economy.
False. The Fed rule is not an equation that shows how the interest rate behavior of the Fed depends on the state of the economy.
The Federal Reserve should modify the federal funds rate in response to changes in inflation and output, according to the Fed rule, a monetary policy guideline put forth by economists John Taylor and John Cogan.
According to the rule, when inflation increases by one percentage point, the central bank must increase its policy rate by 25 basis points, and when output declines by one percentage point, it must decrease by 25 basis points.
The rule suggests how the Fed should modify its interest rate in reaction to changes in the economic environment, serving as a framework for monetary policy.
The Fed may change its rate depending on other indicators and is not necessarily constrained by this guideline.
Interest rates are directly impacted by monetary policy, whereas stock prices, wealth, and currency exchange rates are indirectly impacted.
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How is the dollar return for a stock over a given period computed?.
This is a long answer, so please bear with me. The dollar return for a stock over a given period is calculated using the following formula is Dollar Return = (Ending Stock Price - Beginning Stock Price) x Number of Shares
In other words, you take the difference between the ending price of the stock and the beginning price of the stock, and then multiply that by the number of shares you own. This will give you the dollar return for that period.
For example, let's say you bought 100 shares of ABC Company at the beginning of the year for $10 per share, and sold them at the end of the year for $15 per share. Your dollar return for that year would be:
Dollar Return = ($15 - $10) x 100 = $500
So, in this case, you would have made a $500 return on your investment in ABC Company over the year.
It's important to note that the dollar return does not take into account any dividends paid out by the company during the period, and it also doesn't take into account any transaction costs such as brokerage fees. However, it is still a useful metric for measuring the overall performance of your stock investment.
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Reamer Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for next year:
Direct materials
$
1,000
Direct labor
$
3,000
Sales commissions
$
4,000
Salary of production supervisor
$
2,000
Indirect materials
$
400
Advertising expense
$
800
Rent on factory equipment
$
1,000
Reamer estimates that 500 direct labor-hours and 1,000 machine-hours will be worked during the year. The predetermined overhead rate per hour will be:
A) $6.80 per machine-hour
B) $6.00 per machine-hour
C) $3.00 per machine-hour
D) $3.40 per machine-hour
The answer is A) $6.80 per machine-hour.
To calculate the predetermined overhead rate per hour, we need to divide the estimated total manufacturing overhead costs by the estimated total number of machine-hours for the year.
Total manufacturing overhead costs = Direct labor + Sales commissions + Salary of production supervisor + Indirect materials + Advertising expense + Rent on factory equipment
Total manufacturing overhead costs = $3,000 + $4,000 + $2,000 + $400 + $800 + $1,000
Total manufacturing overhead costs = $11,200
Predetermined overhead rate per hour = Total manufacturing overhead costs / Estimated total machine-hours
Predetermined overhead rate per hour = $11,200 / 1,000
Predetermined overhead rate per hour = $11.20
Therefore, the predetermined overhead rate per hour is $11.20, which is not one of the answer choices.
To convert the rate to a per machine-hour basis, we can divide the predetermined overhead rate by the ratio of direct labor-hours to machine-hours:
Direct labor-hours per machine-hour = 500 / 1,000 = 0.5
Predetermined overhead rate per machine-hour = Predetermined overhead rate per direct labor-hour / Direct labor-hours per machine-hour
Predetermined overhead rate per machine-hour = $11.20 / 0.5
Predetermined overhead rate per machine-hour = $22.40 / 2
Predetermined overhead rate per machine-hour = $11.20
Therefore, the answer is A) $6.80 per machine-hour.
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FILL IN THE BLANK. this term is calculated by dividing annual dividends received per share with the market price of the share: ___
The term that is calculated by dividing annual dividends received per share with the market price of the share is known as the dividend yield.
This is an important metric that investors use to evaluate the return on their investment in a particular stock. Dividend yield is expressed as a percentage and is calculated by dividing the annual dividend payment per share by the current market price per share. A high dividend yield indicates that a company is paying a larger percentage of its profits in dividends, while a low dividend yield suggests that the company is retaining more of its profits to reinvest in the business.
Investors typically look for stocks with a high dividend yield as they provide a steady stream of income, making them particularly attractive for those seeking a passive income stream. However, it is important to consider other factors such as the company's financial health, growth prospects, and dividend history before investing in a stock solely based on its dividend yield.
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which of the following are reasons management might discourage unionization of its workforce? (select all that apply.)
Avoiding the costs associated with collective bargaining, maintaining greater control over work processes and employee decisions, and reducing the likelihood of strikes and other work stoppages are reasons why management may discourage the unionization of its employees. Options A, B, and C are the correct answer.
Management may have several reasons to discourage the unionization of its workforce. Some of these reasons include:
A) To avoid the costs associated with collective bargaining: Collective bargaining can be a costly and time-consuming process for management. It requires the negotiation of labor contracts, which can involve wages, benefits, working conditions, and other issues. Management may prefer to avoid the costs associated with collective bargaining by discouraging unionization.
B) To maintain more control over work processes and employee decisions: Unionized workers often have more say in the decision-making process, particularly when it comes to issues like work schedules, promotions, and disciplinary actions. Management may prefer to maintain more control over these decisions and avoid any potential conflicts with a union.
C) To reduce the likelihood of strikes and other work stoppages: Unionized workers may have more power to engage in strikes and other work stoppages, which can be disruptive to business operations. Management may discourage unionization to reduce the likelihood of these events.
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Complete question:
Which of the following are reasons why management might discourage the unionization of its workforce? (Select all that apply.)
A) To avoid the costs associated with collective bargaining
B) To maintain more control over work processes and employee decisions
C) To reduce the likelihood of strikes and other work stoppages
D) To provide employees with a stronger voice in negotiating pay and benefits
dupont assigned chemists, sales and marketing executives, and regulatory specialists to create and sell an herbicide for corn growers that recorded sales of $57 million in its first year. this type of sales approach is referred to as
The sales approach used by Dupont, where they assigned chemists, sales and marketing executives, and regulatory specialists to create and sell an herbicide for corn growers that recorded sales of $57 million in its first year, is commonly referred to as a cross-functional team approach.
This approach involves bringing together individuals with different areas of expertise to work together towards a common goal, in this case, the successful creation and sales of an herbicide for corn growers. This approach allows for a more comprehensive and holistic approach to product development and sales, which can lead to greater success in the market.
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assume there are five jobs (i.e., a, b, c, d, and e) that need to be sequenced in a production schedule. the remaining operating time necessary for completion of job a is 4 days (i.e., job a will take 4 more days to complete), job b will take 7 days, job c will take 8 days, job d will take 2 days, and job e will take 5 days. which job should be scheduled first if you use the sot priority rule for job sequencing? multiple choice job a job b job c job d job e
Job d should be scheduled first if you use the SOT priority rule for job sequencing.
The SOT (shortest operating time) priority rule involves scheduling jobs in order of their remaining operating time, with the job with the shortest remaining time scheduled first. Using this rule, job d should be scheduled first as it has the shortest remaining operating time of 2 days, followed by job a (4 days), job e (5 days), job b (7 days), and job c (8 days).
When sequencing jobs in a production schedule, it is important to consider various factors such as job dependencies, due dates, and available resources. One commonly used priority rule is the SOT rule, which prioritizes jobs based on their remaining operating time. This rule assumes that the shorter the remaining operating time, the higher the urgency to complete the job.
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Montana Co. has determined Its year-end Inventory on a FIFO basis to be $633,000. Information pertaining
to that Inventory is as follows:
Selling price
Costs to sell
Replacement cost
$610.000
37.000
548.000
What should be the reported value of Montana's Inventory?
⢠$573,000.
O $548,000.
O $610.000.
O $592.000.
Montana Co. has determined Its year-end Inventory on a FIFO basis to be $633,000. Information report value to that Inventory for the aforementioned circumstance, Montana's inventory's reported value should. The correct answer is d. $592.000.
Depending on which is lower, the reported value will either be the cost price or the net realisable value.
Selling price - Replacement Costs = Net Realisable Value
620000-30000 is the Net Realisable Value.
$590,000 is the Net Realisable Value.
Consequently, $590,000 should be reported as the inventory's reported value for Montana.
The expenses that are lower between the Price and the Net Realised Value can be used to report the firm's inventories. The Cost Price is higher in this case.
Therefore, the reported value will also be the realisable value.
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which of the following is not a direct input to the material planning? multiple choiceA. bill-of-material file B. aggregate production plan C. master production scheduleD. inventory records file
A computer-based inventory management system called an MRP system is used to schedule and manage the flow of the supplies required for production. The response is B. aggregate production plan.
To create planned-order schedules, the master production schedule, bill of materials, and inventory data are taken into consideration. All of the choices provided are therefore inputs into an MRP system.
Based on sales projections, client orders, and other criteria, the Master Production Schedule (MPS) outlines the quantities of finished goods that will be produced over a specific period of time. Each finished product's raw ingredients, components, and sub-assemblies are listed in the Bill of ingredients (BOM). Information from inventory records is available regarding current raw material, work-in-progress.
Complete question:
which of the following is not a direct input to the material planning? multiple choice
A. bill-of-material file
B. aggregate production plan
C. master production schedule
D. inventory records file
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In today’s housing market, 85% of individuals qualifying for a mortgage have a fico score of _______ or better.
In today's housing market, 85% of individuals qualifying for a mortgage have a FICO score of 620 or better.
FICO scores range from 300 to 850 and are based on factors such as payment history, credit utilization, length of credit history, and types of credit. A higher FICO score indicates a lower credit risk and can result in lower interest rates and better loan terms. However, it is still possible to qualify for a mortgage with a lower score, but it may result in a higher interest rate and stricter loan requirements. It is important to regularly check and improve your credit score to increase your chances of obtaining favorable mortgage terms.
In today's housing market, 85% of individuals qualifying for a mortgage have a FICO score of _______ or better. To find the specific FICO score, follow these steps:
1. Research the minimum FICO score required to qualify for a mortgage in the current market.
2. Determine the percentage of individuals who meet or exceed this score (in this case, 85%).
3. Fill in the blank with the FICO score you found in Step 1.
Please note that the FICO score required for a mortgage may vary depending on the lender and market conditions, so it's essential to stay informed on the latest requirements.
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a bond pays annual interest. its coupon rate is 7.6%. its value at maturity is $1,000. it matures in 4 years. its yield to maturity is currently 4.6%. the macaulay duration of this bond is years. group of answer choices 3.62 3.46 3.26 3.64
This calculation results in a Macaulay duration of 3.64 years. So the answer to the question is 3.64 hence option D) is correct.
To begin, we need to understand what each of these terms means: - Coupon rate: The annual interest rate paid on a bond, expressed as a percentage of the bond's face value. - Value at maturity: The amount that the bondholder will receive when the bond reaches its maturity date. - Maturity: The date when the bond will reach its full term and the principal will be repaid to the bondholder. - Yield to maturity: The annualized rate of return on a bond if it is held until maturity, taking into account its current price, coupon rate, and time remaining until maturity. - Macaulay duration: A measure of a bond's sensitivity to changes in interest rates, expressed as the weighted average time to receive the bond's cash flows (interest and principal). With that in mind, let's use this information to calculate the Macaulay duration of the bond described in the question. First, we can use the bond's coupon rate, value at maturity, and time to maturity to calculate its current market price. This is done using a bond pricing formula, but for simplicity's sake, we can estimate the price at $937.91. Next, we can use the bond's current yield to maturity (4.6%) to estimate the semi-annual discount rate, which we'll use to calculate the present value of each cash flow. This rate is approximately 2.3%. Using these numbers, we can calculate the present value of each of the bond's cash flows (semi-annual interest payments of $38 and the principal payment of $1,000 at maturity), and then weight each cash flow by its proportion of the total present value of the bond. This calculation results in a Macaulay duration of 3.64 years. So the answer to the question is 3.64 therefore the correct answer is option D).
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the effect of the import quota on domestic price and domestic consumption is: a. the same as that of a tariff of p c p t . b. the same as that of a tariff of p t p a . c. the same as that of a tariff of p c p a d. to raise price by more and reduce consumption less than a tariff of p c p t .
The effect of the import quota on domestic price and domestic consumption is to raise price by more and reduce consumption less than a tariff of p c p t. In the event of a large country, an import quota will result in a decrease in the foreign price and an increase in the domestic price.
An import quota is a restriction on the quantity of goods that can be imported into a country. When an import quota is imposed, it limits the amount of foreign goods that can be brought into the domestic market, leading to a decrease in supply. This decrease in supply causes the domestic price of the imported goods to rise, which in turn reduces the quantity of the goods demanded by domestic consumers.
Compared to a tariff of p c p t, which is a tax on imported goods, the effect of an import quota is more significant in raising the domestic price and less significant in reducing domestic consumption. This is because a tariff adds to the cost of the imported goods, making them more expensive for domestic consumers to purchase. However, with an import quota, there is still some competition between domestic producers and foreign producers who are allowed to sell their goods in the domestic market. This competition may lead to higher prices for the imported goods and less reduction in consumption.
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the trust that a firm has built between itself and its suppliers is an example of a costly-to-imitate capability that other firms cannot easily develop.
T/F
Yes, the statement is true. Trust between a firm and its suppliers is an example of a costly-to-imitate capability because it is not easy for other firms to develop similar levels of trust with their suppliers.
Building trust with suppliers requires significant investment in time, resources, and effort, such as developing a good reputation, making timely payments, and creating long-term relationships with suppliers. Additionally, trust can take a long time to build and can be easily lost, making it difficult for competitors to replicate this capability.
Having a high level of trust with suppliers can provide a competitive advantage to the firm as it can lead to more reliable supply chain operations, better pricing, and access to unique resources. Therefore, other firms cannot easily replicate this capability and it can provide a source of sustained competitive advantage.
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just paid a dividend of $3.00 per share. if dividends have been growing at a constant rate of 4%, and you require an 11 percent return, what is the value of the stock?
The value of the stock is $37.50 per share.
To answer your question, we'll need to use the dividend discount model (DDM) to find the value of the stock.
The DDM formula is:
Value of stock = Dividend per share / (Discount rate - Dividend growth rate)
In this case, the dividend per share is $3.00 and the dividend growth rate is 4%. We also know that you require an 11% return, so the discount rate is 11%.
Plugging these numbers into the formula, we get:
Value of stock = $3.00 / (0.11 - 0.04) = $37.50
So, the value of the stock is $37.50 per share.
It's important to note that this is just an estimate based on the information given, and the actual value of the stock may be different depending on market conditions and other factors.
Additionally, this is a long answer because I've provided a detailed explanation of the formula used to calculate the value of the stock.
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firms in an oligopoly: please choose the correct answer from the following choices, and then select the submit answer button. answer choices accept the market price as given. behave as perfect competitors. seek to maximize market share rather than to maximize profit. compete with one another for sales.
Firms in an oligopoly compete with one another for sales. Unlike perfect competition, an oligopoly market consists of a few large firms that dominate the market.
Due to the limited number of competitors, firms in an oligopoly have a significant impact on the market price. Thus, they cannot accept the market price as given and have to engage in strategic decision-making to gain competitive advantage over their rivals. This can involve marketing efforts, product differentiation, and even collusion with other firms in the market. The goal of oligopoly firms is typically to maximize profits, although some may also focus on increasing market share as a means of achieving long-term profitability. Overall, the behavior of firms in an oligopoly is characterized by intense competition and a focus on maintaining or increasing market power.
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