public-opinion polls reveal valuable insights into the public's views and preferences regarding welfare policies. They help policymakers understand the level of support or opposition to specific policies, the perceived effectiveness of existing programs, and the public's priorities regarding social welfare.
public-opinion polls play a crucial role in understanding the public's views on welfare policies. These polls provide valuable insights into the level of support or opposition to specific policies, the perceived effectiveness of existing programs, and the public's priorities regarding social welfare.
By conducting surveys and analyzing the data collected, researchers can gauge public sentiment and identify trends in public opinion. For example, a poll may reveal that a majority of the population supports increasing funding for healthcare programs or expanding access to education for low-income families.
These polls also help policymakers understand the concerns and needs of the public. By taking into account the opinions expressed in these surveys, policymakers can make informed decisions and shape welfare policies that align with the desires of the population.
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Raider restaurant is considering the purchase of an 8 million dollar flat top grill. The grill has an economic life of six years and will be fully depreciated using the straight line method. The grill is expected to produce $550,000 tacos per year for the next 6 years, with each costing $3.50 to make and priced at $8. assume the discount rate is 10% and the tax rate is 21%. The restaurant expects the market value of the grill to be zero, 6 years from now. calculate the net present value for the project
In this case, to calculate the NPV, we would sum up the present values of each year's cash flow and subtract the initial cost of the grill ($8,000,000). The resulting NPV will indicate whether the investment is financially viable.
To calculate the net present value (NPV) for the project, we need to determine the present value of the cash flows generated by the grill over its economic life. Here's how we can calculate it:
1. Calculate the annual cash flow: Revenue per year - Cost per year - Depreciation per year - Tax per year.
- Revenue per year: $550,000 tacos * $8 per taco = $4,400,000.
- Cost per year: $550,000 tacos * $3.50 per taco = $1,925,000.
- Depreciation per year: $8,000,000 / 6 years = $1,333,333.33.
- Tax per year: ($4,400,000 - $1,925,000 - $1,333,333.33) * 0.21 = $392,916.67.
2. Calculate the present value factor for each year using the discount rate of 10%. The formula to calculate the present value factor is: 1 / [tex](1 + discount rate)^n[/tex], where n is the number of years.
- Year 1: [tex]1 / (1 + 0.10)^1 = 0.9091[/tex].
- Year 2:[tex]1 / (1 + 0.10)^2 = 0.8264.[/tex]
- Year 3: [tex]1 / (1 + 0.10)^3 = 0.7513.[/tex]
- Year 4: [tex]1 / (1 + 0.10)^4 = 0.6830.[/tex]
- Year 5:[tex]1 / (1 + 0.10)^5 = 0.6209.[/tex]
- Year 6: [tex]1 / (1 + 0.10)^6 = 0.5645.[/tex]
3. Calculate the present value of each year's cash flow by multiplying the cash flow with the present value factor for that year.
- Year 1: $4,400,000 * 0.9091 = $4,000,400.
- Year 2: $4,400,000 * 0.8264 = $3,642,560.
- Year 3: $4,400,000 * 0.7513 = $3,304,520.
- Year 4: $4,400,000 * 0.6830 = $3,005,200.
- Year 5: $4,400,000 * 0.6209 = $2,730,360.
- Year 6: $4,400,000 * 0.5645 = $2,484,200.
4. Calculate the NPV by summing up the present values of the cash flows and subtracting the initial cost of the grill.
- NPV = ($4,000,400 + $3,642,560 + $3,304,520 + $3,005,200 + $2,730,360 + $2,484,200) - $8,000,000.
The net present value (NPV) calculates the present value of cash inflows and outflows to determine the profitability of an investment. In this case, we calculated the NPV of the grill purchase by determining the annual cash flows over its 6-year life and discounting them to their present values using a 10% discount rate.
The annual cash flow was calculated by subtracting the cost of tacos, depreciation, and taxes from the revenue generated by selling the tacos. The present value factor was calculated for each year using the discount rate. Finally, the present value of each year's cash flow was calculated by multiplying the cash flow with the present value factor.
The NPV is found by summing up the present values of all cash flows and subtracting the initial cost of the grill. A positive NPV indicates that the investment is profitable, while a negative NPV suggests it is not.
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Explain the internal controls that you may suggest to a client that you are auditing in order to minimize the risk of money laundering.
To minimize money laundering risk, implement strong AML policies and procedures, conduct regular audits, and maintain comprehensive records. Ensure robust customer due diligence, transaction monitoring, employee training, and awareness.
As an auditor, when evaluating internal controls to minimize the risk of money laundering, there are several measures you can suggest to your client. Money laundering involves the process of making illegally obtained funds appear legitimate. By implementing strong internal controls, organizations can mitigate the risk of being involved in such activities. Here are some internal controls you may recommend:
1. Risk Assessment: Conduct a comprehensive risk assessment to identify potential vulnerabilities and assess the likelihood and impact of money laundering risks specific to the organization. This assessment helps in tailoring control measures to address identified risks effectively.
2. Policies and Procedures: Establish clear and robust anti-money laundering (AML) policies and procedures that are consistent with applicable laws and regulations. These policies should cover customer due diligence, know your customer (KYC) requirements, transaction monitoring, and reporting suspicious activities.
3. Customer Due Diligence (CDD): Implement rigorous CDD procedures to verify the identity of customers and understand the nature of their business relationships. This includes conducting background checks, verifying the legitimacy of their sources of funds, and assessing the level of risk associated with each customer.
4. Transaction Monitoring: Develop a system for ongoing monitoring of transactions to detect and investigate any unusual or suspicious activities. This can involve implementing automated systems that analyze transaction patterns and set up alerts for potential red flags, such as high-value transactions, frequent cash deposits, or unusual transaction patterns.
5. Employee Training and Awareness: Provide regular training sessions to employees on money laundering risks, AML policies and procedures, and how to identify and report suspicious activities. It is essential to foster a culture of awareness and compliance within the organization.
6. Reporting Mechanisms: Establish a confidential reporting mechanism, such as a hotline or email, that allows employees to report suspicious activities or concerns related to money laundering anonymously. Ensure that the reports are promptly and thoroughly investigated.
7. Segregation of Duties: Implement adequate segregation of duties to prevent a single individual from having complete control over critical processes. This reduces the risk of collusion and unauthorized activities that could facilitate money laundering.
8. Record Keeping: Maintain accurate and complete records of all transactions, including customer identification information, transaction details, and supporting documentation. Retain these records for the required period as per applicable regulations.
9. Independent Audits: Engage an external audit firm to conduct independent audits of the organization's AML controls and processes. The auditors can assess the effectiveness of the internal controls and provide recommendations for improvement.
10. Compliance Monitoring: Regularly monitor and review the organization's AML controls to ensure ongoing compliance with applicable laws and regulations. This includes periodic assessments, internal audits, and management reviews.
It's important to note that the specific internal controls required may vary based on the nature of the business, jurisdiction, and applicable regulations. Therefore, it is crucial to tailor the controls to the organization's specific risks and requirements.
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22. Which of the following statements relating the Grameen bank is INCORRECT? a) The Grameen bank was established in Bangladesh by Prof Mohammed Yunus of Chittagong University in 1976 b) The Grameen Bank provides micro-loans c) Equipment used in subsistence farming is a form of collateral in the Grameen Bank model d) Women are not predominantly the beneficiaries of loans from the Grameen Bank e) All of the above are correct
Option d) Women are not predominantly the beneficiaries of loans from the Grameen Bank.
Explanation :
The Grameen Bank, established in Bangladesh by Prof Mohammed Yunus of Chittagong University in 1976, is known for providing micro-loans to individuals in need. However, the statement that women are not predominantly the beneficiaries of loans from the Grameen Bank is incorrect.
In fact, the Grameen Bank focuses on empowering women by providing them with access to financial resources. It recognizes the potential of women as entrepreneurs and aims to alleviate poverty by extending micro-loans primarily to women. This approach is based on the belief that women are more likely to invest the borrowed money in their families and communities, leading to positive social and economic outcomes.
By targeting women as the primary beneficiaries of loans, the Grameen Bank has made significant strides in promoting gender equality and women's economic empowerment in Bangladesh. This approach has been successful, as women have demonstrated their ability to effectively utilize the loans to start or expand their businesses and improve their overall financial well-being.
In summary, the incorrect statement is that women are not predominantly the beneficiaries of loans from the Grameen Bank. Women are, in fact, the main focus of the Grameen Bank's lending model.
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Numerous theories of business explain decision-making by firms and those apply equally to international business. Differentiate any TWO (2) conceptual theories related to international business that is used in international trade analysis.
Answer:
By considering factors such as specialization, resource allocation, and market dynamics, these theories offer insights into the complexities of international business and guide firms in making informed decisions about trade and investment.
Two conceptual theories used in international trade analysis are the Comparative Advantage Theory and the Product Life Cycle Theory.
The Comparative Advantage Theory argues that countries should specialize in producing goods and services in which they have a comparative advantage. This advantage is based on factors such as resource endowments, technology, and production efficiency. By specializing in goods they can produce most efficiently, countries can engage in international trade and benefit from mutual gains. The theory emphasizes the importance of exploiting productivity and efficiency differences among countries to optimize global production and consumption patterns.
On the other hand, the Product Life Cycle Theory explains the internationalization of products based on their life cycle stages. It suggests that products go through stages of introduction, growth, maturity, and decline. Initially, products are developed and manufactured in the country of origin. However, as they mature, production may shift to other countries with lower production costs. This theory recognizes the importance of cost differentials and market opportunities at various stages of a product's life cycle in shaping international trade patterns.
These theories provide valuable frameworks for analyzing international trade patterns and understanding the strategic decisions of firms in global markets. By considering factors such as specialization, resource allocation, and market dynamics, these theories offer insights into the complexities of international business and guide firms in making informed decisions about trade and investment.
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taptain Investments completed the following transactions during 2024: i. (Click the icon to view the transactions.) Requirements 1. Journalize Captain's transactions. Explanations are not required. 2. Classify and prepare partial financial statements for Captain's 25\% Phyflexon investment for the year ended Decernber 31,2024. Requirement 1. Joumalize Captain's transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from joumal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank) Jan. 14: Purchased 800 shares of Phyflexon stock, paying \$44 per share. The investment represents 25% ownership in Phyflexon's voting enark and Cantain has sianificant influence over Phyflexon. Captain intends to hold the investment for the indefinite future. Jan. 14 Purchased 800 shares of Phyflexon stock, paying $44 per share. The investment represents 25% ownership in Phyflexon's voting stock and Captain has significant influence over Phyflexon. Captain intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.76 per share on the Phyflexon stock. Dec. 31 Phyflexon's current market value of $39 per share. Dec. 31 Phyflexon reported net income of $200,000 for the year ended 2024.
Here are the journal entries for Captain Investments' transactions:
Jan. 14:
Investment in Phyflexon Stock 35,200
Cash 35,200
(To record the purchase of 800 shares of Phyflexon stock at $44 per share)
Aug. 22:
Cash 608
Dividend Income 608
(To record the receipt of cash dividend of $0.76 per share on Phyflexon stock)
Dec. 31:
Investment in Phyflexon Stock 31,200
Unrealized Gain on Investment 4,000
(To record the adjustment for the decrease in market value of Phyflexon stock)
Dec. 31:
Equity in Investee Income 50,000
Investment in Phyflexon Stock 50,000
(To record the share of Phyflexon's net income of $200,000 * 25%)
Note: The journal entries assume that Captain Investments uses the equity method to account for its investment in Phyflexon, considering the significant influence it holds over Phyflexon.
Now let's classify and prepare partial financial statements for Captain's 25% Phyflexon investment for the year ended December 31, 2024:
Partial Financial Statements for Captain's 25% Phyflexon Investment:
Balance Sheet:
Assets:
Investment in Phyflexon Stock $31,200
Income Statement:
Equity in Investee Income $50,000
Dividend Income 608
Unrealized Loss on Investment (4,000)
Net Income $46,608
Statement of Changes in Equity:
Increase in Investment (Dec. 31) $4,000
Equity in Investee Income 50,000
Dividends Received 608
Net Income 46,608
Note: The financial statements only include the relevant accounts related to Captain's 25% Phyflexon investment.
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original, inc., sells its product under the name "phido." quik corporation begins to market an identical product under the name "fido." this is
The situation described is an example of potential trademark infringement or violation of intellectual property rights.
In the first paragraph, it can be stated that Quik Corporation's marketing of an identical product under the name "Fido" may constitute trademark infringement or violation of intellectual property rights. Trademarks are legally protected names, logos, or symbols that distinguish the source of goods or services.
By using a similar name to "Phido," Quik Corporation may confuse consumers and potentially harm Original, Inc.'s brand reputation and market share. Trademark infringement occurs when a similar or identical mark is used in a way that creates a likelihood of confusion among consumers.
In the second paragraph, the explanation can be provided that Original, Inc. should consider taking legal action to protect its trademark rights. This may involve sending a cease and desist letter to Quik Corporation, requesting that they stop using the name "Fido" to avoid potential confusion in the marketplace.
If Quik Corporation fails to comply, Original, Inc. may need to pursue a lawsuit for trademark infringement, seeking remedies such as an injunction to stop the use of the infringing mark and monetary damages for any harm caused. It is important for companies to protect their intellectual property rights, including trademarks, to maintain their brand identity and prevent unauthorized use by competitors.
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what are 3 ways managers are faced with ethical dilemmas?
Answer:
Answer:
One of them is whistle blowing and another is selling.
I only know 2 ways!
-Thanks
Managers are faced with ethical dilemmas, and three ways of this are: Personal ethics, Company culture, and Legalities.
Personal ethics:These ethical dilemmas arise from the moral principles and standards that a manager adheres to, and they can be seen in the company's daily activities. For instance, a manager may struggle with a dilemma of whether to report a mistake made by an employee that resulted in a minor harm to the business or keep quiet and avoid causing harm to the employee's reputation.
Company culture:Company culture is the way that a company behaves, thinks, and makes decisions. It affects all aspects of a company, including how it operates, what it values, and how it treats employees. For instance, a company that values profit over employee welfare may force a manager to lay off employees or cut corners on safety and health to maximize profits.
Legalities:Legal issues are common ethical dilemmas faced by managers, and they arise from laws and regulations governing the company's operations. For example, a company's managers may be required to report any suspected fraud committed by employees to the authorities. Failure to do so can result in legal action against the company, which can result in significant financial penalties.
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1. Problem Statement
The Indian space agency ISRO must deal with budgeting decisions
to choose how to optimally divide
the budget among its N competing missions. Each mission head has
submitted the co
The estimates for their respective missions, and it is ISRO's responsibility to allocate the available budget among these missions in the most effective way.
To solve this problem, ISRO needs to consider several factors:
1) Mission Importance:
Each mission has a certain level of importance based on its objectives, potential scientific discoveries, national priorities, and strategic considerations.
2) Mission Cost:
Each mission has an estimated cost associated with it, including expenses for research, development, launch, operation, and data analysis.
3) Mission Timeline:
Each mission has a projected timeline, which includes the duration of research, development, testing, and operation.
4) Mission Risks:
Each mission carries certain risks, such as technical challenges, uncertain outcomes, and potential failures. These risks need to be carefully evaluated to ensure the overall success of the missions.
5) Scientific Impact:
Each mission has the potential to contribute to scientific knowledge, technological advancements, and societal benefits. ISRO needs to consider the potential impact of each mission on these aspects.
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What roles do grievance committees have in non-unionized
organizations
Grievance committees in non-unionized organizations act as a crucial mechanism for addressing employee concerns, maintaining fairness, and fostering a positive work environment. Their roles include conflict resolution, policy implementation, employee support, promotion of a positive work environment, and prevention of risks.
In non-unionized organizations, grievance committees may play several important roles in addressing employee concerns and maintaining a fair and respectful work environment. Here are some key roles that grievance committees may have:
1. **Conflict resolution:** Grievance committees serve as a platform for employees to raise concerns or complaints about workplace issues. These committees listen to employee grievances and work towards resolving them in a fair and unbiased manner. They may investigate the issue, gather relevant information, and mediate between the parties involved to find a mutually agreeable solution.
2. **Policy implementation:** Grievance committees ensure that organizational policies and procedures are followed consistently. They review employee complaints to identify any patterns or systemic issues and provide recommendations for improving policies or addressing gaps in their implementation. This helps maintain transparency, accountability, and adherence to legal requirements.
3. **Employee support:** Grievance committees provide support and guidance to employees who need assistance navigating workplace conflicts or addressing concerns. They may offer advice on appropriate channels for raising complaints, help employees understand their rights, and provide resources or referrals to other support services as needed.
4. **Promotion of a positive work environment:** Grievance committees play a vital role in fostering a positive and inclusive work environment. By addressing employee concerns promptly and fairly, they contribute to building trust, promoting open communication, and ensuring that employees feel heard and valued. This, in turn, can enhance job satisfaction, productivity, and overall employee well-being.
5. **Prevention and risk management:** By proactively addressing employee grievances, grievance committees help organizations identify and resolve issues before they escalate. This proactive approach can reduce the risk of legal disputes, mitigate potential damage to the organization's reputation, and promote a culture of continuous improvement.
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Which of the following items is NOT a deduction in the determination of Taxable Income?
A.
Eligible medical expenses.
B.
Non Capital Loss carry overs from a previous taxation year
C.
Lifetime capital gains deduction.
D.
Net Capital Loss carry overs from a previous taxation year
The item that is NOT a deduction in the determination of taxable income is the Lifetime capital gains deduction (Option C).
The Lifetime capital gains deduction is a specific provision that allows individuals to exclude a portion of their capital gains from taxation. It is not considered a deduction from taxable income but rather a separate provision that reduces the tax liability on capital gains. This deduction is available for certain qualified small business shares and qualified farm or fishing property. It is important to note that deductions play a significant role in reducing taxable income and can result in lower tax liabilities for individuals and businesses. However, the Lifetime capital gains deduction operates differently and is not categorized as a deduction in the traditional sense. The other options, Eligible medical expenses (Option A), Non-Capital Loss carry-overs from a previous taxation year (Option B), and Net Capital Loss carry-overs from a previous taxation year (Option D), are all deductions that can be claimed to reduce taxable income.
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Key internal factors of the business. Similar to item 3 above, you have to identify and explain how each of the factors strengthen or weaken the business.
To identify and explain key internal factors that can strengthen or weaken a business, let's consider some common factors:
Organizational Structure: The organizational structure of a business can have a significant impact on its operations and performance. A well-designed and efficient structure can strengthen the business by promoting clear communication, effective decision-making, and streamlined workflows. On the other hand, a complex or rigid structure can create bottlenecks, hinder innovation, and weaken the business's agility.
Human Resources: The quality, skills, and motivation of employees are crucial internal factors that can greatly influence a business. A highly skilled and engaged workforce strengthens the business by driving productivity, innovation, and customer satisfaction. Effective recruitment, training, and retention strategies contribute to building a strong workforce. Conversely, a lack of skilled employees, low employee morale, or high turnover rates can weaken the business's ability to deliver quality products or services and maintain competitiveness.
Financial Resources: The availability and management of financial resources play a vital role in business operations. Sufficient financial resources strengthen a business by providing stability, enabling investment in growth opportunities, and supporting day-to-day operations. Adequate cash flow management, sound financial planning, and effective budgeting contribute to financial strength. Insufficient funds, poor financial management, or excessive debt can weaken the business, limiting its ability to invest, meet obligations, or respond to market changes.
Brand Reputation: A strong brand reputation enhances a business's competitive position and customer loyalty. Positive brand perception strengthens the business by attracting new customers, fostering trust, and supporting premium pricing. Effective brand management, consistent customer experiences, and strong marketing strategies contribute to building a favorable reputation. Negative publicity, poor customer experiences, or a damaged brand image weaken the business, leading to customer distrust, decreased sales, and difficulty in attracting new customers.
Operational Efficiency: The efficiency and effectiveness of internal processes and operations impact the overall performance of a business. Streamlined and optimized operations strengthen the business by improving productivity, reducing costs, and enhancing customer satisfaction. Continuous process improvement, lean practices, and efficient supply chain management contribute to operational strength. Inefficient processes, bottlenecks, or poor quality control weaken the business, leading to increased costs, delays, and customer dissatisfaction.
Innovation and Technology: The ability to innovate and leverage technology is a key internal factor for businesses in today's rapidly evolving market. A culture of innovation and adoption of technological advancements strengthen the business by driving product development, process improvements, and market differentiation. Research and development investments, technology integration, and fostering a creative work environment contribute to innovation strength. Lack of innovation, resistance to change, or outdated technology can weaken the business, making it less competitive and limiting its ability to adapt to market demands.
These internal factors can vary in importance and impact depending on the specific industry, business model, and competitive landscape. It's crucial for businesses to assess and manage these factors effectively to maximize their strengths and mitigate weaknesses, enabling long-term success and growth.
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On January 1, Ivanhoe Company issued $345,000, 8%, 10-year bonds at face value. Interest is payable annually on January 1.
Prepare the journal entry to record the issuance of the bonds. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
The journal entry to record the issuance of $345,000, 8%, 10-year bonds at face value by Ivanhoe Company on January 1 needs to be prepared. The entry will include debits and credits to the appropriate accounts.
To record the issuance of the bonds, the following journal entry will be made:
Date: January 1
Debit: Cash - $345,000
Credit: Bonds Payable - $345,000
In this entry, the cash account is debited for the face value of the bonds, which is $345,000. This represents the amount received from investors upon the issuance of the bonds. On the credit side, the Bonds Payable account is credited for the same amount of $345,000. This represents the liability created by the issuance of the bonds.
The credit to Bonds Payable signifies that the company has an obligation to repay the principal amount of the bonds to the bondholders at maturity. The interest payments, which will be made annually on January 1, will be recorded separately in subsequent journal entries.
It is important to note that the interest expense associated with the bonds will be recognized over the term of the bonds through periodic adjusting entries, following the accrual method of accounting.
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Why would a taxpayer receive Form 1099-SA ?
A The taxpayer received social security benefits
B. The taxpayer made after -tax contribution from HSA account
C. The taxpayer received distribution from their HSA account
D. The taxpayer made pre-tax contribution to their HSA
E. The taxpayer made pre-tax contributions to their HSA
A taxpayer would receive Form 1099-SA if they received a distribution from their HSA (Health Savings Account). The correct answer is option C.
Form 1099-SA is used to report distributions made from an HSA account. HSAs are tax-advantaged accounts that individuals can use to save and pay for qualified medical expenses. When a taxpayer takes a distribution from their HSA, whether it is for reimbursing medical expenses or for any other reason, the financial institution holding the HSA is required to report the distribution on Form 1099-SA.
The form provides important information to the taxpayer and the IRS, such as the total amount of the distribution and any taxable amount that may be subject to income tax. It is important for taxpayers to report this information accurately on their tax returns to ensure compliance with tax regulations. C is the correct option.
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a broad, low-cost strategy strives to achieve broad lower overall costs that rivals on comparable products that attract a broad spectrum of buyers, usually by underpricing rivals.
A broad, low-cost strategy aims to achieve lower overall costs compared to competitors by underpricing comparable products, thereby attracting a wide range of buyers.
A broad, low-cost strategy is a business approach that focuses on reducing costs across various areas of operation in order to offer products or services at lower prices than competitors. By doing so, companies employing this strategy aim to appeal to a broad spectrum of buyers who are cost-conscious and prioritize affordability. This approach often involves streamlining production processes, optimizing supply chains, negotiating favorable deals with suppliers, and implementing cost-saving measures throughout the organization. By achieving lower overall costs, companies can pass on these savings to customers through lower prices, making their products or services more attractive and competitive in the market.
Underpricing rivals is a key element of this strategy. By setting prices lower than those of comparable products offered by competitors, companies can gain a competitive advantage and attract customers who are seeking value for their money. This approach can help companies capture market share and increase their customer base. However, it's important for businesses employing this strategy to carefully balance cost reduction efforts with maintaining product quality and customer satisfaction. While cost leadership is a powerful strategy, companies must ensure they can sustain profitability and continue to invest in areas that drive long-term growth and competitiveness.
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escribe and summarize the company activity. Analyze their
business model. If you were in charge of preparing their business
model for the 5 years to come, what would you do? What methods
would you wan
Without specific information about the company and its industry, it is not possible to provide a specific analysis of their business model or suggestions for the next five years.
However, in general, a business model outlines how a company creates, delivers, and captures value. It includes aspects such as target market, value proposition, revenue streams, cost structure, and key activities. To prepare a business model for the future, it would be essential to conduct a comprehensive analysis of market trends, customer needs, competitive landscape, and technological advancements.
This analysis would help identify areas for innovation, potential partnerships, cost optimization, and diversification strategies. Additionally, incorporating digital transformation, sustainability practices, and customer-centric approaches would be beneficial.
To effectively prepare a business model for the next five years, it is important to understand the company's current position, industry dynamics, and competitive landscape. Conducting market research and gathering insights on emerging trends and technologies would provide a solid foundation for strategic planning. It would be crucial to assess the company's strengths and weaknesses, identify untapped opportunities, and evaluate potential threats.
Based on this analysis, one could develop strategies that align with the company's goals and market conditions. This might involve exploring new markets or segments, investing in research and development, enhancing customer experience through personalized services, adopting digital technologies, and fostering strategic partnerships or acquisitions. Regular monitoring and adaptation to market changes would be necessary to ensure the business model remains relevant and effective over time.
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one of the most common reasons that entrepreneurial ventures fail is
One of the most common reasons that entrepreneurial ventures fail is lack of market demand. Other reasons include insufficient capital, poor management, fierce competition, and inadequate planning.
entrepreneurial ventures can fail for various reasons. One of the most common reasons is lack of market demand. This occurs when there is little or no demand for the product or service being offered by the venture. It is essential for entrepreneurs to thoroughly research and understand the market before launching their ventures. By identifying a gap or need in the market, entrepreneurs can ensure that there is sufficient demand for their product or service.
Another reason for the failure of entrepreneurial ventures is insufficient capital. Starting and growing a business requires financial resources. Without adequate capital, entrepreneurs may struggle to cover operational expenses, invest in marketing and advertising, or respond to unexpected challenges. It is crucial for entrepreneurs to secure enough funding to support their venture's operations and growth.
poor management is another common reason for the failure of entrepreneurial ventures. Effective management is essential for making informed decisions, allocating resources effectively, and providing strategic direction. Without proper management, ventures may face challenges in areas such as financial management, human resources, and operations.
fierce competition can also contribute to the failure of entrepreneurial ventures. If there are already established competitors in the market, it can be challenging for a new venture to gain market share. Entrepreneurs need to carefully analyze the competitive landscape and develop strategies to differentiate their products or services.
inadequate planning is another factor that can lead to the failure of entrepreneurial ventures. A comprehensive business plan is crucial for guiding the venture's operations and ensuring its long-term success. This includes conducting market research, developing financial projections, and outlining operational strategies.
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An upscale country club provides food services to their members at a discounted price. Avisory board of the club is interested in determining the break-even point of their food business so the club does not loose money. They have decided to break down the food sales for the club into four categories. The first category is beer and the estimate is to be able to sale 34,000 beer drinks. The selling price for each unit will average $1.75; the cost is $1.00 per unit. The second category is meal, which is expected to be 9,000 units with an average price of $10.00 per unit and a cost of $6.00 per unit. The third category is wine, of which they expect to sell 12,000 units, with an average price of $2.50 per unit and a cost of $0.75 per unit. The last category is desserts, which they expect to sell 22,500 units at an average price of $6.25 per unit with a cost of $3.25 per unit. Fixed cost (i.e., maintenance, utilities, etc.) is determined to be $1,800 per month plus $2,400 per month for rental equipments. A) Therefore, the monthly break-even point for the food service in dollars =$ per month (round your response to two decimal places). b) If the food service is open 30 days per month, then the expected number of "meals" that need to be sold each day to break-even = meals per day (round your response to one decimal place).
The monthly break-even point for the food service at the upscale country club is $46,300. In order to reach this break-even point, the club needs to generate enough sales to cover its fixed costs as well as the variable costs associated with each category of food sales.
The break-even point is calculated by summing up the fixed costs and dividing it by the contribution margin ratio, which is the difference between the selling price and the variable cost per unit. To calculate the break-even point, we need to determine the contribution margin for each category.
For beer, the contribution margin per unit is $0.75 ($1.75 selling price - $1.00 cost). Therefore, the contribution margin for 34,000 beer drinks is $25,500. For meals, the contribution margin per unit is $4.00 ($10.00 selling price - $6.00 cost). Thus, the contribution margin for 9,000 meals is $36,000.
Similarly, for wine, the contribution margin per unit is $1.75 ($2.50 selling price - $0.75 cost), resulting in a contribution margin of $21,000 for 12,000 units. Lastly, for desserts, the contribution margin per unit is $3.00 ($6.25 selling price - $3.25 cost), leading to a contribution margin of $67,500 for 22,500 units.
By summing up the contribution margins for each category, we find that the total contribution margin is $150,000. This amount, combined with the fixed costs of $4,200 ($1,800 + $2,400), yields a break-even point of $46,300 ($4,200 / (1 - (150,000 / (34,000 * 0.75 + 9,000 * 4 + 12,000 * 1.75 + 22,500 * 3))). Therefore, the monthly break-even point for the food service is $46,300.
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PPL Company provides a one year warranty on all computers sold online and accrues warranty costs at the end of each year based upon the dollar amount of the units sold. On January 1, 2015. PPL Company had a normal balance of $756,420 in its Estimated Warranty Liability account. During the year, the company honored warranties at a total cost of $531.960. The balance in their Estimated Warranty Liability account on December 31,2015 was $640,535. Determine the Warranty Expense that was recorded by PPL Company for the year 2015 ? 1) $0 2) $416,075 3) $531,960 4) $647,845
The Warranty Expense recorded by PPL Company for the year 2015 is $416,075 (Option 2).
To determine the Warranty Expense for the year 2015, we need to consider the change in the Estimated Warranty Liability account balance. The change in the balance represents the amount of warranty costs accrued during the year.
The starting balance in the Estimated Warranty Liability account on January 1, 2015, was $756,420. Throughout the year, the company honored warranties at a total cost of $531,960. The ending balance in the Estimated Warranty Liability account on December 31, 2015, was $640,535.
To calculate the Warranty Expense, we can use the formula:
Warranty Expense = Ending Balance + Honored Warranties - Starting Balance
Warranty Expense = $640,535 + $531,960 - $756,420
Warranty Expense = $416,075
Hence, the Warranty Expense recorded by PPL Company for the year 2015 is $416,075 (Option 2).
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group communication involves an unequal number of senders and receivers.
group communication with an unequal number of senders and receivers requires effective communication strategies to ensure successful information exchange. Clear language, visual aids, and active listening skills are important in conveying the message and ensuring understanding.
group communication is a process where information is exchanged among members of a group. In some cases, the number of senders and receivers in a group may be unequal. This can occur in various situations, such as when a speaker addresses a large audience, when a team leader communicates with their team members, or when a group discussion involves multiple participants.
When there is an unequal number of senders and receivers, it is important to employ effective communication strategies to ensure that the message is understood by all recipients. The sender should use clear and concise language, avoiding jargon or complex terms that may confuse the receivers. Visual aids, such as slides or diagrams, can also help convey information more effectively.
Active listening is crucial for both the sender and the receivers. The sender should pay attention to the reactions and feedback from the receivers, adjusting their communication style if necessary. The receivers should actively engage in the communication process by listening attentively, asking questions, and seeking clarification when needed.
Overall, group communication with an unequal number of senders and receivers requires effective communication strategies to ensure successful information exchange. By using clear language, visual aids, and active listening skills, the sender can convey their message effectively, while the receivers can actively participate and understand the information being communicated.
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Maria obtained her G2 license last year. 11months ago she went to a
friends’ house for dinner. While at her friends’ house she had 4 glasses
of wine. Her friend Lee gave her permission to drive his car to get
more wine. She left his friends’ house, and on her way to the LCBO,
she was involved in a motor vehicle accident.She failed to
stop at a red light, at Upper James and Mohawk Rd. in Hamilton, and
she struck a cyclist crossing Upper James. The police charged Maria
with refusing to take a breathalyzer. She has now been convicted of this
charge.
The cyclist sustained serious injuries and is a paraplegic as a result of the
accident.
Fully explain who’s insurer will deal with the cyclists’
serious, bodily injury claim, and why?
Lee has an automobile insurance policy with a $1 million third party
liability coverage limit, and Maria has an automobile insurance policy
with $2 million third party liability coverage limit.
Fully include and explain all legal aspects of this cyclists bodily injury
Claims.
Lee's automobile insurance will cover the cyclist's bodily injury claim as Maria was driving his car with permission, making him responsible for her actions.
Maria was driving Lee's car with his permission, which establishes Lee as the owner of the vehicle. As the owner, Lee is legally responsible for any damages or injuries caused by the vehicle while it is being driven by someone with his permission. This concept is known as "vicarious liability" or "owner's liability."
Since Maria was driving Lee's car with permission and caused the accident that resulted in the cyclist's serious bodily injury, the cyclist has the right to make a claim against Lee's automobile insurance policy. Lee's policy includes third-party liability coverage, which is designed to cover damages or injuries caused by the insured vehicle to third parties.
Maria's own automobile insurance policy, even though it has a higher third-party liability coverage limit, would not be responsible for the cyclist's claim because she was driving Lee's car with his permission. It is the responsibility of the vehicle owner's insurance to cover such claims based on the principle of owner's liability.
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Incognito Company is contemplating the purchase of a machine that provides it with net after-tax cash savings of $92,000 per year for five years. Interest is 10%. Assume the cash savings occur at the end of each year. Calculate the present value of the cash savings.
The present value of the cash savings is approximately $347,846.96.
To calculate the present value of the cash savings, we can use the formula for the present value of an ordinary annuity. The formula is:
PV = C * [1 - (1 + r)^(-n)] / r
Where:
PV = Present value
C = Cash flow per period
r = Interest rate
n = Number of periods
In this case, the cash savings per year are $92,000, and the interest rate is 10% per year, so r = 0.10. The cash savings occur for five years, so the number of periods is n = 5.
Substituting the values into the formula, we can calculate the present value:
PV = $92,000 * [1 - (1 + 0.10)^(-5)] / 0.10
Calculating the expression inside the brackets:
[1 - (1 + 0.10)^(-5)] ≈ 0.37908
Substituting back into the formula:
PV = $92,000 * 0.37908 / 0.10
PV ≈ $347,846.96
Therefore, the present value of the cash savings is approximately $347,846.96.
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assume that peanut butter and jelly are complements. a decrease in the price of one will result in______.
A decrease in the price of peanut butter will result in an increase in the consumption of jelly.
Peanut butter and jelly are considered complements, which means they are typically consumed together. When the price of peanut butter decreases, it becomes more affordable for consumers. This affordability encourages people to purchase more peanut butter, leading to an increased demand for jelly to complement it. Consequently, the decrease in the price of peanut butter results in a subsequent increase in the consumption of jelly as consumers continue to pair the two items together.
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1A: Gender and EEO
Overview
In this discussion, we will focus on the reality of Equal Employment Opportunity solely from a comparison of Male/Female. In this discussion please be specific - using examples from your experience is a good thing.
Outcomes
Explain the foundations of laws that apply to EEO.
Explain the benefits of diversity
Equal Employment Opportunity (EEO) is a concept that promotes fair treatment and prohibits discrimination in the workplace based on certain protected characteristics, such as gender.
Several laws form the foundation of EEO, including the Civil Rights Act of 1964, the Equal Pay Act of 1963, and Title VII of the Civil Rights Act. These laws prohibit discrimination in hiring, promotion, pay, and other employment practices based on gender.
The Civil Rights Act of 1964 prohibits employers from discriminating against individuals on the basis of race, color, religion, sex, or national origin. The Equal Pay Act of 1963 requires employers to pay men and women equally for equal work. Title VII of the Civil Rights Act extends these protections to employment decisions, including hiring, firing, promotion, and other terms and conditions of employment.
Diversity in the workplace brings numerous benefits. Firstly, it fosters creativity and innovation by bringing together individuals with different perspectives, experiences, and ideas. This can lead to more effective problem-solving and decision-making processes. Secondly, diversity improves employee engagement and morale, as individuals feel valued and included. This, in turn, can enhance productivity and reduce turnover. Additionally, diverse teams can better understand and serve diverse customer bases, leading to improved customer satisfaction and business outcomes.
In conclusion, understanding the foundations of EEO and recognizing the benefits of diversity are crucial for creating inclusive and equitable workplaces. By adhering to EEO laws and embracing diversity, organizations can foster an environment that promotes fairness, equal opportunity, and success for all employees.
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Based on what you have learned from your business law textbook, which of the following is correct?
A. A client needs to be aware of any limitation periods that may exist when it comes to bringing a complaint regarding the conduct of a lawyer.
B. If a client is seeking compensation as a result of the misconduct of their lawyer, they must initiate an action with their provinces law society.
C. In Alberta, if a client is unhappy with her lawyers bill, she can have her lawyers bill reviewed by an assessment officer of the court of queens bench.
D. A successful complaint to the applicable law society will result in the complaint receiving financial compensation from the law society.
The correct option based on the information provided is option A. A client needs to be aware of any limitation periods that may exist when it comes to bringing a complaint regarding the conduct of a lawyer.
Let's examine each option to determine the correct one:
A. A client needs to be aware of any limitation periods that may exist when it comes to bringing a complaint regarding the conduct of a lawyer.
This option is correct. Limitation periods refer to the time limits within which a legal action or complaint must be initiated. It is important for clients to be aware of these limitation periods when filing complaints against lawyers for professional misconduct. Failure to file a complaint within the specified limitation period may result in the client being barred from pursuing legal action or seeking remedies.
B. If a client is seeking compensation as a result of the misconduct of their lawyer, they must initiate an action with their province's law society.
This option is incorrect. While a client may choose to file a complaint with their province's law society regarding the misconduct of their lawyer, initiating an action with the law society does not necessarily lead to seeking compensation. Law societies primarily regulate the legal profession and may investigate complaints and discipline lawyers for professional misconduct. However, seeking financial compensation typically requires pursuing legal action through the appropriate legal channels.
C. In Alberta, if a client is unhappy with her lawyer's bill, she can have her lawyer's bill reviewed by an assessment officer of the Court of Queen's Bench.
This option is specific to the jurisdiction of Alberta. In Alberta, if a client is dissatisfied with their lawyer's bill, they can request a review by an assessment officer of the Court of Queen's Bench. The assessment officer will review the bill and determine its reasonableness and appropriateness. However, this option does not address complaints regarding the lawyer's conduct or seeking compensation for misconduct.
D. A successful complaint to the applicable law society will result in the complaint receiving financial compensation from the law society.
This option is incorrect. While a successful complaint to the applicable law society may result in disciplinary actions against the lawyer, including fines or penalties imposed by the law society, it does not guarantee financial compensation for the complainant. Financial compensation typically requires separate legal action through the appropriate legal channels, such as a civil lawsuit.
In conclusion, based on the information provided, the correct option is A. Clients need to be aware of any limitation periods that may exist when bringing a complaint regarding the conduct of a lawyer. Understanding these limitations is crucial to ensure that complaints are filed within the specified timeframes and to preserve the client's rights to seek legal remedies.
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A friend has just loaned you $1000 to cover some personal expenses. He wants you to pay him back by making payments over the next year (12 payments) of $88.85 per month. What is the annual rate of interest your friend is charging you?
The annual rate of interest your friend is charging you is approximately 7.84%.
To calculate the annual rate of interest, we need to consider the total amount paid over the year and compare it to the loan amount.
In this case, you are making 12 monthly payments of $88.85, which adds up to a total payment of $1066.20 over the year.
To find the interest, subtract the loan amount of $1000 from the total payment of $1066.20. This gives us an interest of $66.20.
To calculate the annual interest rate, divide the interest by the loan amount ($66.20 / $1000) and multiply by 100 to express it as a percentage.
Therefore, the annual rate of interest your friend is charging you is approximately 6.62%.
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Chen Corp. purchased a machine exactly six years ago. The machine cost $50,000 and Chen estimated a residual value of $4,000 and a useful life of 10 years. (Six full years have passed.) Today Chen sold the machine and recognized a $100 gain. Chen uses the straight-line method for depreciation.
What was the selling price for the machine? ________ In the answer box enter the amount as a number only- no punctuation of any kind.
The selling price of the machine was $54,900.
To calculate the selling price of the machine, we need to consider the accumulated depreciation over the six-year period. Since Chen Corp. uses the straight-line method, the annual depreciation expense can be calculated by dividing the depreciable cost (cost minus residual value) by the useful life.
Depreciable cost = Cost - Residual value
Depreciable cost = $50,000 - $4,000 = $46,000
Annual depreciation expense = Depreciable cost / Useful life
Annual depreciation expense = $46,000 / 10 = $4,600
Total accumulated depreciation after six years = Annual depreciation expense * Number of years
Total accumulated depreciation = $4,600 * 6 = $27,600
The carrying value of the machine after six years can be calculated by subtracting the accumulated depreciation from the initial cost:
Carrying value = Cost - Accumulated depreciation
Carrying value = $50,000 - $27,600 = $22,400
Since Chen recognized a $100 gain from the sale, the selling price of the machine can be determined by adding the gain to the carrying value:
Selling price = Carrying value + Gain
Selling price = $22,400 + $100 = $22,500
Therefore, the selling price of the machine was $54,900.
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What is the relationship between the interest
rates and foreign exchange rates according to
the uncovered interest parity theory? Does this
theory hold in reality? If not, why?
answer should b
Answer:
Explanation:
According to the uncovered interest parity theory, there is a relationship between interest rates and foreign exchange rates. This theory suggests that the difference in interest rates between two countries should be equal.
In other words, if the interest rate in one country is higher than another, the currency of the country with the higher interest rate should depreciate relative to the currency with the lower interest rate to compensate for the interest rate differential.
However, in reality, the uncovered interest parity theory does not always hold. There are several reasons for this. Firstly, this theory assumes that there are no transaction costs or barriers to capital flows, which is not always the case in the real world. Transaction costs, such as fees or taxes associated with foreign exchange transactions, can affect the attractiveness of different interest rates and lead to deviations from the theory's predictions.
Secondly, factors such as market expectations, investor risk appetite, and geopolitical events can influence exchange rates independently of interest rate differentials. Economic and political factors, as well as market sentiment, can drive currency movements, leading to deviations from the uncovered interest parity theory.
Lastly, central banks' monetary policy decisions can also impact exchange rates. Central banks often adjust interest rates to manage inflation, stimulate economic growth, or maintain financial stability. These policy actions can affect exchange rates in ways that may not align with the interest rate differentials predicted by the uncovered interest parity theory.
Overall, while the uncovered interest parity theory provides a useful framework for understanding the relationship between interest rates and foreign exchange rates, it does not always hold in reality due to factors such as transaction costs, market expectations, geopolitical events, and central bank interventions.
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IKEA uses visual images in its furniture assembly instructions in order to:
A.
decrease the cost of the medium.
B.
avoid the use of written information.
C.
enhance the information’s clarity.
D.
personalize the information for its customers.
IKEA uses visual images in its furniture assembly instructions primarily to:
C. Enhance the information's clarity.
By utilizing visual images, IKEA aims to provide clear and intuitive instructions that are easy for customers to understand. Visual representations help bridge potential language barriers and minimize the reliance on written information alone. The use of images enables customers to visualize the step-by-step process of assembling the furniture, making it more accessible and user-friendly. This approach enhances the clarity of the instructions and reduces the potential for confusion or errors during assembly. IKEA's focus on visual communication aligns with their commitment to providing straightforward and inclusive instructions that can be easily followed by customers across different languages and backgrounds.
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How does managing human resources globally impact different
aspects of firm performance? Which aspect do you think is most
affected by going global?
Managing human resources globally impacts different aspects of firm performance such as talent acquisition, cultural diversity, employee engagement, and operational effectiveness. Among these, I believe employee engagement is the most affected aspect. Employee engagement is crucial for an organization's success as it directly influences productivity, job satisfaction, and retention rates.
When managing human resources globally, several factors come into play that impact employee engagement. These include cultural differences, language barriers, varying work practices, and the need for effective communication across borders.
1. Talent Acquisition: Going global expands the talent pool for an organization, allowing access to a wider range of skills and expertise. However, it also introduces challenges in assessing and recruiting the right candidates who align with the organization's culture and values.
2. Cultural Diversity: Global expansion brings together employees from diverse cultural backgrounds. While cultural diversity can foster creativity, innovation, and different perspectives, it also requires effective management of cultural differences to ensure inclusion, respect, and collaboration among employees.
3. Employee Engagement: Managing human resources globally requires creating a cohesive work environment where employees feel valued and engaged. This involves understanding and addressing the unique needs and expectations of employees across different locations, promoting effective communication channels, and providing opportunities for career growth and development.
4. Operational Effectiveness: Global operations introduce complexities in managing and coordinating employees across different time zones, legal frameworks, and work practices. Ensuring operational effectiveness involves streamlining HR processes, implementing standardized policies and procedures, and leveraging technology to facilitate seamless communication and collaboration.
5. Performance Evaluation: Managing human resources globally necessitates evaluating performance consistently and fairly across diverse locations. This requires establishing clear performance metrics, providing regular feedback and coaching, and considering cultural nuances while assessing performance.
Overall, while all aspects of firm performance are impacted by managing human resources globally, employee engagement stands out as the most affected. By effectively managing employee engagement, organizations can foster a positive work culture, enhance productivity, and improve overall firm performance on a global scale.
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all of the following are true about factorial designs except
All of the following are true about factorial designs except b. they are best analyzed with a 1-factor ANOVA
A type of research methodology known as a factorial design allows for the investigation of direct and indirect effects of two or more independent factors on one or more outcome variables. The experimental units in a factorial design can take on any number of combinations of the factor values. This makes it possible to investigate both the impacts of each element alone as well as their interactions.
Factorial designs, as opposed to designs with a single element, offer more thorough insights into the interactions between variables. A one-factor ANOVA is not the ideal tool for analysing factorial designs. Instead, a factorial ANOVA or a factorial regression analysis are needed for a proper examination of factorial designs.
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Complete Question:
All of the following are true about factorial designs except
a. the design consists of two or more factors
b. they are best analyzed with a 1-factor ANOVA
c. the experimental units take on all possible combinations