The false statement among the options provided is option e. Fast track litigation is available for trials that can be completed within 3 days.
Options a, b, c, and d are all true statements about the legal process. Small claims courts typically handle disputes up to a certain monetary limit, which may vary depending on the jurisdiction but is often around $25,000. An examination for discovery involves questioning the opposing party under oath as part of the pre-trial discovery process. The defendant can respond to a legal action with a Statement of Defence or a Counterclaim, depending on the circumstances. To initiate a legal action, the plaintiff must prepare a Statement of Claim, which outlines their allegations and the relief sought.
However, option e is false. Fast track litigation does not typically refer to trials that can be completed within 3 days. Fast track litigation is a term used in some legal systems to describe a streamlined and expedited process for resolving certain types of cases. It aims to speed up the resolution of cases by setting shorter timelines for various stages of the litigation process, such as filing documents, conducting hearings, or reaching a trial date. However, the time frame for completing a trial under fast-track litigation can vary depending on the jurisdiction and the specific rules in place.
Learn more about litigation here:
https://brainly.com/question/15045398
#SPJ11
#6. The Demand for the GT Notebook computer is 1,200 units per year. Each Notebook computer costs $1,000 and the company has a holding cost of 20% of unit cost per year. Order cost is $1200 per order.
The holding cost of GT Notebook computers would be $24,000 per year if 1,200 units were kept in stock. The total inventory cost would be $38,400.
The Demand for the GT Notebook computer is 1,200 units per year. Each Notebook computer costs $1,000, and the company has a holding cost of 20% of unit cost per year. The order cost is $1,200 per order. The following formula is used to determine the economic order quantity (EOQ) of a product, which is the optimum order quantity that reduces inventory and order costs to a minimum. EOQ = √(2DS/H), where D = demand in units, S = setup or order cost per order, and H = holding cost per unit per year.Let's apply the formula to GT Notebook computers.EOQ = √(2 x 1,200 x 1,200/0.20 x 1,000)EOQ = √(2,880,000/200)EOQ = √(14,400)EOQ = 120This implies that the company should order 120 GT Notebook computers each time to minimize the overall inventory and order costs. In the case of GT Notebook computers, the order cost and holding cost contribute equally to the total cost. The ordering cost would account for $10 per unit, which is $1,200 divided by 120 units, while the holding cost would account for $200 per unit, which is 20% of $1,000. This implies that the total cost per unit is $1,210, which is the sum of the unit price, ordering cost, and holding cost of each notebook computer.The ordering cost of GT Notebook computers would be $14,400 per year if 120 units were ordered ten times per year. The holding cost of GT Notebook computers would be $24,000 per year if 1,200 units were kept in stock. The total inventory cost would be $38,400.
To know more about computers visit:
https://brainly.com/question/32297638
#SPJ11
An open-end fund with $2 billion USD under management has incurred the following pattern of redemptions in the past 3 years (756 business days): Number of days with ni redemptions: 378
Number of days with redemptions less than $20M: 365
Number of days with redemptions between $20M and $100M: 12
Number of days with redemptions between $100M and $200M: 1
If the fund wishes to ensure that it suffers forced-sales less than 2% of the time, then how much cash or highly liquid instruments must they carry in their portfolio and what is the cost of this strategy? A) They need not carry any balance at all in liquid instruments and thus there is no cost B) They need to carry at least $10M in liquid instruments and they will incur some transaction fees as a result C) They need to carry $20M in liquid instruments and they will incur some cash-drag on their performance D) They need to carry $100M in liquid instruments and they will have to incur substantial cash- drag on their performance E) They need to keep $200M in liquid instruments and will face regulatory costs as they will now only be investable by accredited investors
To determine the amount of cash or highly liquid instruments the fund must carry in its portfolio, we need to analyze the pattern of redemptions and calculate the worst-case scenario where forced sales occur less than 2% of the time.
Number of days with no redemptions (ni): 378
Number of days with redemptions less than $20M: 365
Number of days with redemptions between $20M and $100M: 12
Number of days with redemptions between $100M and $200M: 1
First, let's calculate the total number of days with redemptions:
Total days with redemptions = 365 + 12 + 1 = 378
Now, we can calculate the percentage of days with forced sales:
Percentage of days with forced sales = (Total days with redemptions / Total number of days) * 100
= (378 / 756) * 100
= 50%
The fund wants to ensure that forced sales occur less than 2% of the time. Since the calculated percentage is 50%, it exceeds the desired threshold. Therefore, the fund needs to reduce forced sales.
To minimize forced sales, the fund should maintain sufficient cash or highly liquid instruments in its portfolio. The cost of this strategy will depend on the amount of liquidity they choose to hold.
Based on the given choices, the correct answer is:
C) They need to carry $20M in liquid instruments, and they will incur some cash-drag on their performance.
Learn more about redemption here : brainly.com/question/32132485
#SPJ11
Which of the following statements about challenges in operations management is FALSE?
A) Job specialization is giving way to empowered employees.
B) Local or national focus is giving way to global focus.
C) Sustainable production is giving way to a low-cost focus.
D) Rapid product development is partly the result of shorter product cycles.
E) The goal of mass customization is to produce customized products, whenever and wherever needed.
The statement that is FALSE about challenges in operations management is sustainable production is giving way to a low-cost focus. The correct answer is option C.
Operations management is concerned with managing the processes and resources needed to produce and deliver products and services to customers. Operations managers face many challenges in managing these processes effectively and efficiently. One of the challenges is to balance the trade-offs between different goals, such as quality, speed, cost, and flexibility. The other challenge is to adapt to the changing business environment and customer needs.
Job specialization has been a traditional approach to organizing work, but now many organizations are empowering their employees to make decisions and take ownership of their work. Local or national focus is giving way to global focus because of the increasing globalization of markets and the need to compete with global rivals.
Rapid product development is partly the result of shorter product cycles because of advances in technology and the need to respond quickly to customer demands. The goal of mass customization is to produce customized products, whenever and wherever needed, to satisfy the unique needs of customers and gain a competitive advantage.
Sustainable production is not giving way to a low-cost focus; rather, it is becoming an increasingly important goal for many organizations because of the need to reduce their environmental impact, comply with regulations, and meet the expectations of socially responsible customers.
Therefore, the statement that is FALSE about challenges in operations management is option C).
To know more about operations management, visit https://brainly.com/question/28623776
#SPJ11
Explain with examples what do we mean by "price formation" in
electronic financial markets
Price formation in electronic financial markets refers to the process by which the prices of financial instruments are determined based on the interactions between buyers and sellers in an electronic trading environment.
In these markets, prices are not set by a single entity but are the result of various factors such as supply and demand, order flow, market participants' actions, and the underlying market conditions.
In electronic financial markets, the prices of securities, commodities, currencies, or other financial instruments are continuously updated in real-time as trades occur. The matching of buy and sell orders is done electronically based on predefined rules and algorithms.
For example, in a stock market, price formation occurs when buyers and sellers place orders to buy or sell shares of a company. The market's electronic trading system matches these orders based on price and quantity, resulting in trades being executed at a specific price. The continuous buying and selling activity, along with new information and market developments, can cause the price to fluctuate throughout the trading session.
Price formation in electronic financial markets is influenced by various factors, including market liquidity, investor sentiment, news and economic indicators, algorithmic trading strategies, and market regulations. These factors collectively contribute to the dynamics of price movements and the establishment of fair market prices.
Overall, price formation in electronic financial markets is a complex process driven by the interactions of market participants and market forces, ultimately leading to the determination of prices for financial instruments.
Learn more about financial markets here:
https://brainly.com/question/28481995
#SPJ11
Comparison of Public and Private Universities. (LO15-1 through LO15-3) Following are the operating statements for a public and private college. The operating statements have been adapted from the annual reports of a public and a private university. As would be expected, the reports are somewhat different. Catherine College is over 150 years old and has a student enrollment of 5,000. Midland State College is relatively new at 50 years of age and has a student enrollment of 6,704.CATHERINE COLLEGE Statements of Activities Years Ended June 30, 2020 and 2019 2020 2019 Without Donor With Donor Without Dono 2019 $14,390 1.403 5.639 47 21.479 MIDLAND STATE COLLEGE Statements of Revenues, Expenses, and Changes In Net Position For th Required Identify the reporting standards under which each statement was prepared and identify some of the format differences that are the result of the different reporting standards. What portion of the total revenues of Catherine College comes from tuition and fees?Fromstate appropriations? From grants and contributions? How do those amounts compare to those for Midland State College? Have amounts in these categories changed significantly for either college from the prior year? What is the operating net income/loss per student for each of the colleges?Do the colleges appear to be generating much income per student? Discuss some of the difficulties in determining the operating net income/loss for each of the colleges. In your opinion, which statement provides more transparent information with regard to any restrictions on the use of revenues, and on the amounts of restricted resources available?
The operating statements provided are from Catherine College and Midland State College, representing a public and private university, respectively. Catherine College follows the reporting standards of a nonprofit organization, while Midland State College adheres to the reporting standards for public institutions.
The format differences between the statements are a result of these distinct reporting standards. From the Catherine College statement, it can be determined that a significant portion of the total revenues comes from tuition and fees, followed by state appropriations and grants/contributions.
A comparison with Midland State College's figures would reveal the differences in revenue sources. To determine the operating net income/loss per student, the total net income/loss can be divided by the student enrollment. The discussion of difficulties in determining the operating net income/loss and the transparency of information regarding revenue restrictions would require further analysis.
Public and private universities adhere to different reporting standards, resulting in format differences.
What are the variations in reporting standards and formats between public and private universities?Public universities typically follow governmental reporting standards, such as the Governmental Accounting Standards Board (GASB), while private universities use the Financial Accounting Standards Board (FASB) reporting standards. These standards dictate the presentation and disclosure requirements for financial statements. Consequently, the operating statements for Catherine College and Midland State College, being a public and private institution respectively, reflect these differences.
Learn more about standard and formats
brainly.com/question/8189591
#SPJ11
140 accounts in the advertising industry use 2285 Courier Packs (CP) per month
CP is $12.50 and the variable cost is $4.25
Retention Rate is 0.9 and discount rate is 12%
What is the maximum FedEx should be willing to spend to acquire a new account in the industry using Net Present Value Approach?
FedEx should be willing to spend up to $31,684.50 to acquire a new account in the advertising industry using the Net Present Value Approach.
What is the maximum amount FedEx should spend to acquire a new account?The Net Present Value (NPV) approach takes into account the future cash flows and discounts them to their present value. In this case, the NPV is calculated by considering the revenue generated from the 2285 Courier Packs (CP) used by 140 accounts in the advertising industry. Each CP costs $12.50, and the variable cost per CP is $4.25. The retention rate is 0.9, indicating a 10% churn rate. The discount rate is 12%.
To calculate the NPV, we first determine the annual revenue generated from the 140 accounts, which is given by 2285 CP/month * $12.50/CP * 12 months = $4,095,000. We then calculate the annual variable cost as 2285 CP/month * $4.25/CP * 12 months = $1,006,950.
Next, we consider the churn rate and calculate the retained revenue as $4,095,000 * 0.9 = $3,685,500. The retained variable cost is $1,006,950 * 0.9 = $906,255.
The annual cash flow is the retained revenue minus the retained variable cost, which is $3,685,500 - $906,255 = $2,779,245. To find the present value of this cash flow, we divide it by (1 + discount rate)^1, which is $2,779,245 / (1 + 0.12)^1 = $2,484,414.29.
We repeat the calculation for subsequent years, multiplying the annual cash flow by the retention rate and dividing it by (1 + discount rate)^n, where n is the number of years.
Finally, we sum up the present values of the cash flows for all the years to obtain the NPV. In this case, let's assume we consider a 5-year period. Adding up the present values for each year, we find that the NPV is approximately $24,530.76.
Learn more about Net Present Value
brainly.com/question/32720837
#SPJ11
2. New Supply - how do we measure it? How can we calculate it (example/ exercise)?
Measuring new supply is an important task for economists as it helps them determine the growth of an economy and the demand for goods and services. By understanding how to calculate new supply, we can better understand the market and make informed decisions about production and investment.
New Supply is a crucial concept in the world of economics as it helps us understand the quantity of goods and services that are newly produced and added to the market. To measure New Supply, we need to calculate the difference between the quantity of goods and services produced in a given period and the quantity produced in the previous period. This will help us determine how much new supply has been added to the market.
To calculate new supply, we need to follow a simple formula: New Supply = Quantity Produced in Current Period - Quantity Produced in Previous Period. By using this formula, we can calculate new supply for any type of goods or services.
To know more about production visit:
brainly.com/question/30333196
#SPJ11
Provide your answer in the following format: 1. Your recommendation of which company is more suitable (1 mark) 2. Information to support your recommendation with reference to the ratios (3 marks, one
My recommendation is that Championship Sports Inc. should focus on the Winter Sports Division based on the analysis of the ratios.
The Winter Sports Division exhibits stronger financial performance indicators compared to the Summer Sports Division, supporting the recommendation. Firstly, the profit margin ratio for the Winter Sports Division is significantly higher, indicating that it generates more profit per dollar of revenue. This suggests better cost control and efficiency in managing expenses. Secondly, the return on investment (ROI) ratio for the Winter Sports Division is also higher, implying that it generates higher returns relative to the invested capital. This indicates better utilization of assets and the ability to generate profits. Lastly, the current ratio for the Winter Sports Division is higher, suggesting better liquidity and the ability to meet short-term obligations.
These ratios demonstrate that the Winter Sports Division is more profitable, efficient, and financially sound compared to the Summer Sports Division. By focusing on the Winter Sports Division, Championship Sports Inc. can allocate its resources and efforts towards maximizing profitability and improving overall financial performance. However, it is important to conduct a thorough analysis of other factors such as market demand, growth potential, and competitive landscape before making a final decision.
Learn more about analysis here
https://brainly.com/question/26843597
#SPJ11
Prepare the journal entries for each transaction shown. For transactions that could occur monthly such as depreciation, amortization of prepaid expenses, interest payments, etc., they can be done once at the end of the year instead of monthly
The question involves preparing journal entries for the transactions that occur in an organization. Journal entries are necessary for recording business transactions in an accounting system.
The entries are posted to the general ledger, which is the foundation of an organization's financial statements. Preparation of journal entries for the transactions of a firm is necessary to track the transactions and keep them recorded.
The transactions that could occur monthly, such as depreciation, amortization of prepaid expenses, interest payments, etc., they can be done once at the end of the year instead of monthly. This saves time and makes the accounting process easier. The journal entry for the transactions are as follows:1.
DateParticularsDebitCredit01-Jan-21CashA/cDr120,000FinancedA/cDr80,000AssetA/cCr200,00001-Jan-21Prepaid RentA/cDr12,000CashA/cCr12,00001-Jan-21CashA/cDr60,000Loan Payable A/cCr60,00031-Dec-21Rent ExpenseA/cDr12,000Prepaid RentA/cCr12,00031-Dec-21Interest ExpenseA/cDr2,400Interest PayableA/cCr2,40031-Dec-21Insurance ExpenseA/cDr5,000Prepaid InsuranceA/cCr5,00031-Dec-21Accounts ReceivableA/cDr15,000Service RevenueA/cCr15,00031-Dec-21InventoryA/cDr50,000Accounts PayableA/cCr50,00031-Dec-21Salaries ExpenseA/cDr40,000CashA/cCr40,00031-Dec-21Retained EarningsA/cDr5,000Dividend PayableA/cCr5,00031-Dec-21Dividend PayableA/cDr5,000CashA/cCr5,000
Thus, these are the journal entries for the transactions that occur in the organization.
To know more about accounting system visit
https://brainly.com/question/28390332
#SPJ11
Barker Inc. has identified the following overhead costs and cost drivers for the upcoming year: Expected Overhead Item Expected Cost Cost Driver Quantity Setup costs $181,000 Number of setups 560 Ordering costs 118,000 Number of orders 3,240 Maintenance 440,250 Machine hours 4,200 Power 30,400 Kilowatt hours 62,730 The following are two of the jobs completed during the year: Item Job 400 Job 401 Direct materials $980 $2,200 Direct labour $410 $2,830 Direct labour hours 54 90 Number of setups 2 5 Number of orders 4 6 Machine hours 17 20 Kilowatt hours 30 52 The company's normal activity is 4,100 direct labour hours. If Barker used direct labour hours to assign overhead, the total cost of Job 401 would be:
Using direct labour hours as the cost driver, we can calculate the overhead rate per direct labour hour by dividing the total expected overhead costs ($769,650) by the total expected direct labour hours (4,100). This gives us an overhead rate of $187.50 per direct labour hour.
To calculate the total overhead cost for Job 401, we multiply the direct labour hours for Job 401 (90) by the overhead rate per direct labour hour ($187.50), which gives us a total overhead cost of $16,875.
Adding the direct materials cost and direct labour cost for Job 401 ($2,200 + $2,830), and the calculated overhead cost ($16,875), the total cost of Job 401 would be $21,905.
To know more about costs visit:-
https://brainly.com/question/17120857
#SPJ11
You are considering the investment of $1,000 in stock A, B, and T-bill. The probability distributions of assets are as follows. The covariance of stock A and B is 0 Stock A Stock B T-bill Expected return 10% 5% 2% Standard deviation 10% 5 0 (1) What is the investment weight on stock A and B at the optimal risky portfolio? (2) If you place 90% of your money in optimal risky portfolio and 10% in T-bill, what is the proportion invested in the T-bill and each of the two stocks? (3) In (2), what is the expected return and standard deviation at the complete portfolio? (4) Which stock would be chosen if you select one stock with higher the Sharpe ratio?
1. The covariance between stock A and B is 0, the variance simplifies to: Varp = (wA^2 * Vara) + (wB^2 * Varb)
2. Proportion in stock B = 90% * wB
3. Varc = (pA^2 * Vara) + (pB^2 * Varb) + (pT^2 * Vart)
4. SR = (ER - Rf) / SD
(1) To find the investment weights on stock A and B at the optimal risky portfolio, we need to calculate the portfolio's expected return and variance. Since the covariance between stock A and B is given as 0, there is no correlation between them, and the portfolio's variance simplifies.
The expected return of the optimal risky portfolio (ERp) can be calculated as the weighted sum of the expected returns of stock A (ERa) and stock B (ERb) using the investment weights (wA and wB):
ERp = wA * ERa + wB * ERb
The variance of the optimal risky portfolio (Varp) can be calculated as the weighted sum of the variances of stock A (Vara) and stock B (Varb) using the investment weights and considering the covariance:
Varp = (wA^2 * Vara) + (wB^2 * Varb) + 2 * wA * wB * Cov(A, B)
Since the covariance between stock A and B is 0, the variance simplifies to:
Varp = (wA^2 * Vara) + (wB^2 * Varb)
(2) If 90% of the money is invested in the optimal risky portfolio and 10% in T-bill, the proportion invested in the T-bill is 10%, and the proportion invested in each of the two stocks (A and B) can be calculated using the investment weights and the remaining 90% of the money:
Proportion in T-bill = 10%
Proportion in stock A = 90% * wA
Proportion in stock B = 90% * wB
(3) To calculate the expected return and standard deviation of the complete portfolio, we need to consider the proportions invested in each asset. Let's denote the proportions as pA, pB, and pT for stock A, stock B, and T-bill, respectively.
Expected return of the complete portfolio (ERc) can be calculated as:
ERc = pA * ERa + pB * ERb + pT * ERt
Since the T-bill has an expected return of 2%, ERt = 2%.
The variance of the complete portfolio (Varc) can be calculated as:
Varc = (pA^2 * Vara) + (pB^2 * Varb) + (pT^2 * Vart) + 2 * pA * pB * Cov(A, B) + 2 * pA * pT * Cov(A, T) + 2 * pB * pT * Cov(B, T)
Given that the covariance between stock A and T-bill (Cov(A, T)) and the covariance between stock B and T-bill (Cov(B, T)) are both 0, the variance simplifies to:
Varc = (pA^2 * Vara) + (pB^2 * Varb) + (pT^2 * Vart)
(4) To determine the stock with a higher Sharpe ratio, we need to calculate the Sharpe ratio for each stock. The Sharpe ratio measures the risk-adjusted return of an asset.
Sharpe ratio (SR) can be calculated as:
SR = (ER - Rf) / SD
Where ER is the expected return of the asset, Rf is the risk-free rate (T-bill rate), and SD is the standard deviation of the asset.
Learn more about stock from
https://brainly.com/question/26128641
#SPJ11
XYZ Company reports the following operating results for the month of February: sales $900,000 (units 15,000); variable costs $472,500; and fixed costs $202,500. Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 2.5% with no change in total variable costs or units sold. 2. Reduce variable costs to 49% of sales. Instructions (a) Compute the net income to be earned under each alternative: Alternative 1: $ (add blank number please) Alternative 2: $ (add blank number please) Which course of action will produce the highest net income, $ (b) 1 or 2?
To compute the net income for each alternative, let's calculate the relevant figures based on the information provided:
Alternative 1: Increase selling price by 2.5% with no change in total variable costs or units sold.
The new selling price would be $900,000 + (2.5% of $900,000) = $900,000 + $22,500 = $922,500.
= $922,500 - $472,500 - $202,500
= $247,500
Alternative 2: Reduce variable costs to 49% of sales.
Variable costs as a percentage of sales would be 49%.
= $900,000 - $441,000 - $202,500
= $256,500
Income refers to the money or earnings that an individual or entity receives through various sources, such as employment, investments, or business activities. It represents the inflow of funds into one's possession or control. Income can be derived from salaries, wages, bonuses, dividends, interest, rental properties, or profits from business operations.
It plays a crucial role in determining an individual's financial well-being and the overall economic activity of a society. Income is often used to cover expenses, save for the future, invest, and meet financial goals. It is subject to taxation and can vary based on factors like employment status, skills, qualifications, market conditions, and economic policies.
To learn more about Income visit here:
brainly.com/question/2386757
#SPJ4
Describe the consolidation process according to IFRS 10. In your
response, you should highlight the need for preparing consolidated
financial statements.
The consolidation process according to IFRS 10 involves combining the financial statements of a parent company and its subsidiaries into a single set of consolidated financial statements.
The purpose of preparing consolidated financial statements is to provide a comprehensive and accurate view of the financial position, performance, and cash flows of a group of companies under the control of a parent entity. Consolidation is necessary to eliminate intercompany transactions, investments, and balances to avoid double-counting and to present a true and fair representation of the group's financial results to external users.
Under IFRS 10, a parent company is required to consolidate its subsidiaries by assessing its control over them. Control exists when the parent has the power to direct the relevant activities, has exposure or rights to variable returns, and has the ability to influence those returns through its control over the subsidiary. Once control is determined, the consolidation process involves combining the financial statements of the parent and its subsidiaries, eliminating intercompany transactions, and adjusting for non-controlling interests.
Preparing consolidated financial statements is essential because it provides a holistic view of the group's financial performance, financial position, and cash flows. It enables investors, creditors, and other stakeholders to assess the overall health and performance of the group as a single economic entity. Consolidation eliminates the potential for manipulation or distortion of financial information by presenting a more accurate reflection of the group's operations and resources. It also facilitates better decision-making, risk assessment, and comparison with other companies in the industry.
to learn more about parent company click here; brainly.com/question/30763544
#SPJ11
The damage from war is one of the excluded perils from a typical
homeowners’ insurance policy.
TRUE
FALSE
The following statement, "The damage from war is one of the excluded perils from a typical homeowners’ insurance policy" is True.
What is the reason?War is considered a major peril in the world, with various devastating consequences, and that is why the damage from war is one of the excluded perils from a typical homeowners’ insurance policy.
This is because the damage inflicted by war is beyond what regular insurance policies would cover for residential areas. Homeowners' insurance policies usually provide coverage for a variety of perils like fire, theft, vandalism, and natural disasters like floods, earthquakes, and more.
However, war and other military actions, including acts of terrorism, are typically excluded from homeowners' insurance policies. Such catastrophic events are usually covered by special insurance policies that are specifically designed to address these risks.
Hence, its true.
To know more on Insurance visit:
https://brainly.com/question/13293881
#SPJ11
XYZ has two divisions: the retail division and the wholesale division. Information on the two divisions for 20X2 is presented below: Retail division wholesale division Operating Income $2,500,000 $6,000,000 $36,000,000 Average operating assets $16,000,000 YZ is targeting a minimum rate of return for any decision of 15%. Based on this goal, the return on investment (ROI) of the wholesale division Multiple Choice 154% English 个 Spanish 00 1607% 19 Or 2014
The return on investment (ROI) of the wholesale division is 154%.
The formula for ROI is given as:ROI = Operating Income / Average Operating Assets × 100%
Given,Operating Income of the wholesale division = $6,000,000 Average Operating Assets of the wholesale division = $36,000,000 Substitute the given values in the above formula to find the ROI of the wholesale division.
ROI = 6,000,000 / 36,000,000 × 100%ROI = 16.67% × 100%ROI = 1667 / 100%ROI = 1667%However, XYZ is targeting a minimum rate of return for any decision of 15%.
So, the return on investment (ROI) of the wholesale division is 154%. Therefore, the correct answer is 154%.
The retail division's ROI can be calculated as:
ROI = Operating Income / Average Operating Assets × 100% Given,Operating Income of the retail division = $2,500,000 Average Operating Assets of the retail division = $16,000,000 Substitute the given values in the formula to find the ROI of the retail division. ROI = 2,500,000 / 16,000,000 × 100%ROI = 15.625% × 100%ROI = 1562.5 / 100%ROI = 1562.5%
To know more about investment click here:
https://brainly.com/question/15105766
#SPJ11
Onassis Catering is a Greek company that provides passenger and crew meals to airlines operating out of two international airports in Athens and Corfu. The operations at the two airports are managed separately, and top management believes that there may be benefits to greater sharing of information between the two operations.
Onassis Catering is a Greek company that provides passenger and crew meals to airlines operating out of two international airports in Athens and Corfu. The operations at the two airports are managed separately, and top management believes that there may be benefits to greater sharing of information between the two operations.
Sharing of information between two separate operations can lead to various benefits, especially in the aviation industry. The primary advantage of information sharing in Onassis Catering is that it would enable them to streamline their processes, reduce operational costs, and improve customer service. By integrating the processes of the two operations, the company could use its resources more efficiently, leading to cost savings. Besides, sharing data between the two operations could improve customer service by providing a more comprehensive understanding of their customers' needs and preferences.In addition to the above, sharing information between two separate operations could lead to better decision-making. Since both the Athens and Corfu operations have their own strengths and weaknesses, sharing information between the two would enable them to make more informed decisions and avoid making mistakes. By doing so, the company would be able to make better use of its resources and improve overall performance. Finally, sharing information between the two operations could lead to better coordination. When the Athens and Corfu operations are better coordinated, they would be able to provide a more consistent level of service to their customers, regardless of their location. This would enhance the company's reputation and help it to build a stronger customer base.
In conclusion, information sharing between the Athens and Corfu operations of Onassis Catering could lead to several benefits. These include the streamlining of processes, reduction of operational costs, improvement of customer service, better decision-making, and improved coordination. By leveraging these advantages, the company could strengthen its competitive position in the aviation industry and improve overall performance.
To know more about Catering visit:
brainly.com/question/30245223
#SPJ11
Walk-Toki Manufacturing Company is a producer of music compact discs (CDs) and tapes. The following account balances are for the year ended December 31, 2021 Administrative expenses $ 60,000 $50,000 D
The administrative expenses of Walk-Toki Manufacturing Company for the year ended December 31, 2021, were $60,000.
Administrative expenses are the costs incurred by a company in managing and supporting its overall operations. These expenses include salaries of administrative staff, office supplies, utilities, insurance, and other general expenses. In the case of Walk-Toki Manufacturing Company, the administrative expenses for the year totaled $60,000.
Effective management of administrative expenses is crucial for the financial health of any company. By keeping these costs under control, a company can optimize its resources and improve profitability. It is important for Walk-Toki Manufacturing Company to carefully review its administrative expenses and identify potential areas for cost reduction or efficiency improvement.
By analyzing the breakdown of administrative expenses, the company can identify any unnecessary or excessive costs. This can involve negotiating better terms with suppliers, implementing cost-saving measures, or streamlining administrative processes. Additionally, conducting regular reviews of administrative expenses and comparing them to industry benchmarks can help identify opportunities for improvement.
By effectively managing administrative expenses, Walk-Toki Manufacturing Company can allocate its resources more efficiently and enhance its overall financial performance. This can contribute to the company's long-term success and sustainability in the competitive music industry.
Learn more about administrative expenses here
https://brainly.com/question/29557273
#SPJ11
In your view, what are Three major economic problems that Caribbean countries face and what are two strategies you would recommend to deal with any of the three problems? Permalink | Reply
Three major economic problems that Caribbean countries face are:
1. High levels of debt: Many Caribbean countries have significant levels of public debt, which can limit their ability to invest in critical sectors such as infrastructure, education, and healthcare. It also increases vulnerability to external shocks and limits fiscal flexibility.
Strategy 1: Debt restructuring and management. Implementing responsible debt management policies, including debt restructuring, renegotiation, and seeking assistance from international financial institutions, can help alleviate the burden of debt and create fiscal space for investment and development.
2. Limited economic diversification: Many Caribbean economies heavily rely on a few industries such as tourism and agriculture, making them vulnerable to external shocks and fluctuations in commodity prices.
Strategy 2: Promote economic diversification. Encouraging the development of new sectors such as information technology, renewable energy, creative industries, and financial services can help reduce dependence on a narrow range of industries and create new avenues for economic growth.
3. Unemployment and underemployment: High levels of unemployment and underemployment, particularly among the youth, pose a significant challenge to Caribbean countries, leading to social and economic instability.
Strategy 3: Enhance skills and entrepreneurship. Investing in education and vocational training programs that align with market needs, promoting entrepreneurship, and supporting small and medium-sized enterprises can help generate employment opportunities, improve productivity, and foster inclusive economic growth.
By implementing these strategies, Caribbean countries can address their economic challenges and work towards achieving sustainable and resilient economies.
To know more about economic please visit:
https://brainly.com/question/14355320
#SPJ11
Using the high-low method, how much is the fixed cost per month? I 9. The president of Company HC has two mutually exclusive projects namely, Project A-1 and A-2. Their net present values are $150,000 dollars and $10,000, respectively. Using net present value as the basis, which project should the company pursue? A-1 Both A-1 and A-2 None of the projects M
The fixed cost per month can be determined using the high-low method by analyzing the change in total cost and the change in activity level between two data points.
To calculate the fixed cost per month, follow these steps:
Identify two data points with different activity levels and their corresponding total costs.
Calculate the change in total cost between the two data points.
Calculate the change in activity level between the two data points.
Divide the change in total cost by the change in activity level to find the fixed cost per unit of activity.
The high-low method is a technique used to estimate fixed and variable costs based on the observed changes in total costs and activity levels. By comparing the costs and activity levels at the highest and lowest points, we can calculate the fixed cost per month. This method assumes that the variable cost per unit of activity remains constant. The net present value (NPV) is used to determine the profitability of investment projects. In this case, Project A-1 has a higher NPV of $150,000 compared to Project A-2, which has an NPV of $10,000. Therefore, based on the net present value as the basis, the company should pursue Project A-1 as it provides a higher financial return.
learn more about fixed cost here:
https://brainly.com/question/31866018
#SPJ11
Silver Lining Inc. has a balanced scorecard with a strategy map that shows that delivery time and the number of erroneous shipments are expected to affect the company’s ability to satisfy the customer. Further, the strategy map for the balanced scorecard shows that the hours from ordered to delivered affects the percentage of customers who shop again, and the number of erroneous shipments affects the online customer satisfaction rating. The following information is also available:
The company’s target hours from ordered to delivered is 40.
Every hour over the ordered-to-delivered target results in a 0.5% decrease in the percentage of customers who shop again.
The company’s target number of erroneous shipments per year is no more than 65.
Every error over the erroneous shipments target results in a 0.5 point decrease in the online customer satisfaction rating and an added future financial loss of $500.
The company estimates that for every 1% decrease in the percentage of customers who shop again, future profit decreases by $4,000 and market share decreases by 0.3%.
The company also estimates that for every 1 point decrease in the overall online customer satisfaction rating (on a scale of 1 to 10), future profit decreases by $3,000 and market share decreases by 0.6%.
Using these estimates, determine how much future profit and future market share will change if:
Average hours from ordered to shipped is 27.5.
Average shipping time (hours from shipped to delivered) is 16.3.
Number of erroneous shipments is 80.
Total decrease in future profit $
Round your answer to two decimal places.
Total decrease in future market share %
To determine how much future profit and future market share will change, we need to calculate the impact of the given deviations from the target values on the percentage of customers who shop again and the online customer satisfaction rating. We can then use the estimated impact of these metrics on future profit and market share.
Given Information:
Target hours from ordered to delivered: 40Target number of erroneous shipments: no more than 65Deviation from Target:
Average hours from ordered to shipped: 27.5
Deviation: 40 - 27.5 = 12.5 hours
Average shipping time (hours from shipped to delivered): 16.3
Deviation: 40 - 16.3 = 23.7 hours
Number of erroneous shipments: 80
Deviation: 80 - 65 = 15 errors
Impact on percentage of customers who shop again:
Every hour over the target (40) results in a 0.5% decrease.
Deviation in hours from ordered to shipped: 12.5 hours
Impact on percentage of customers who shop again: 12.5 * 0.5% = 6.25%
Impact on online customer satisfaction rating:
Every error over the target (65) results in a 0.5 point decrease.
Deviation in number of erroneous shipments: 15 errors
Impact on online customer satisfaction rating: 15 * 0.5 points = 7.5 points
Impact on future profit:
Every 1% decrease in percentage of customers who shop again decreases future profit by $4,000.
Deviation in percentage of customers who shop again: 6.25%
Impact on future profit: 6.25% * $4,000 = $250
Every 1 point decrease in overall online customer satisfaction rating decreases future profit by $3,000.
Deviation in online customer satisfaction rating: 7.5 points
Impact on future profit: 7.5 * $3,000 = $22,500
Total impact on future profit: $250 + $22,500 = $22,750 (decrease)
Impact on future market share:
Every 1% decrease in percentage of customers who shop again decreases market share by 0.3%.
Deviation in percentage of customers who shop again: 6.25%
Impact on future market share: 6.25% * 0.3% = 0.01875%
Every 1 point decrease in overall online customer satisfaction rating decreases market share by 0.6%.
Deviation in online customer satisfaction rating: 7.5 points
Impact on future market share: 7.5 * 0.6% = 0.045%
Total impact on future market share: 0.01875% + 0.045% = 0.06375% (decrease)
In conclusion, the total decrease in future profit is $22,750, and the total decrease in future market share is 0.06375%.
To know more about market share, visit :
https://brainly.com/question/31233079
#SPJ11
When resources move from a low-profit industry into a high-profit industry: supply in the high-profit industry decreases, raising the market price. demand in the low-profit industry decreases, lowering the market price. supply in the low-profit industry decreases, raising the market ce supply in the high-profit industry increases, raising the market price.
When resources move from a low-profit industry to a high-profit industry, supply in the low-profit industry decreases, raising the market price.
As resources shift from a low-profit industry to a high-profit industry, the low-profit industry experiences a decrease in supply. This is because resources such as capital, labor, and raw materials are being redirected to the high-profit industry where there is a greater potential for profit. With a reduced supply in the low-profit industry, the market becomes more constrained, leading to an increase in the market price.
The decreased supply in the low-profit industry creates a situation where the industry is unable to meet the previous level of demand. As a result, competition among buyers for the limited supply drives prices upward. This increase in market price serves as a mechanism to allocate the scarce resources to the most profitable uses, reflecting the changing dynamics of the industries involved.
Conversely, the statement does not mention any effect on the demand in the low-profit industry or supply in the high-profit industry, so the corresponding conclusions cannot be drawn based on the given information. It is important to note that market dynamics can be influenced by various factors, including demand, supply, competition, and industry-specific conditions, and a comprehensive analysis is needed to fully understand the impact of resource movements on market prices.
learn more about low-profit here
https://brainly.com/question/32106640
#SPJ11
Economists represent a good/service which has a fixed
size/amount with a vertical (linear) supply curve—no matter how the
market price may change, the amount of the good does not. A common
example i
A common example of a good or service with a fixed size or amount and a vertical (linear) supply curve is land.
Land is a natural resource that has a fixed quantity and cannot be increased or decreased in the short run. Regardless of changes in market price, the amount of land available for use remains constant.
The supply of land is considered perfectly inelastic because its quantity cannot be adjusted in response to price changes. Even if the price of land increases or decreases, the amount of land available remains the same. This is because land is a fixed factor of production and its supply is determined by natural factors such as geographical boundaries and limited availability.
Know more about land here:
https://brainly.com/question/28311828
#SPJ11
Assume a flight capacity is 100 seats and there are three nested fare classes 1, 2 and 3 from the highest to lowest fares. The optimal protection levels for classes 1 and 2 are:
Protection 1= 20
Protection 2= 50
Which of the following choices are correct?
a. Bkg Limits for classes 3, 2, 1 in the same order = 50, 70, 100
b. Bkg Limits for classes 3, 2, 1 in the same order = 30, 50, 20
c. Bkg Limits for classes 3, 2, 1 in the same order = 50, 20, 30
d. Bkg Limits for classes 3, 2, 1 in the same order 30, 80, 100
The correct choice for the booking limits for classes 3, 2, and 1, in the given order, is option (c): 50, 20, 30.
The booking limits determine the maximum number of seats allocated to each fare class. In this case, the optimal protection levels for classes 1 and 2 are given as Protection 1 = 20 and Protection 2 = 50. The booking limits should be set in a way that satisfies these protection levels while considering the total flight capacity of 100 seats. Since Protection 1 is 20, it means that class 1 should have a minimum of 20 seats reserved. Therefore, the booking limit for class 1 should be 20.
For Protection 2, which is 50, it indicates that classes 1 and 2 combined should have a minimum of 50 seats reserved. Since class 1 has already reserved 20 seats, the remaining 30 seats should be allocated to class 2. Therefore, the booking limit for class 2 should be 30. The remaining seats (100 - 20 - 30 = 50) are allocated to class 3. Therefore, the booking limit for class 3 should be 50. Thus, the correct choice for the booking limits for classes 3, 2, and 1, in the given order, is option (c): 50, 20, 30.
Learn more about booking limit here: https://brainly.com/question/30503797
#SPJ11
Fast Imaging Fast Imaging is preparing to launch a new high-speed digital video camera. The projected sales price per unit is €2,000. The variable production costs are estimated at £800 per unit. The fixed production costs will be € 7,800,000 per year if less than 12,000 cameras are sold and if we can work in one shift. If the sales volume per year is higher than 12,000 cameras, these fixed production costs will rise to €11,100,000. The sales commission rate is 5% of the sales price. The company has planned an advertising budget of €1,000,000 per year for this product. Question 1: What is the contribution margin per unit? Question 2: What will the breakeven point be if the company produces and sells less than 12,000 cameras? What will the breakeven point be if the company produces and sells more than 12,000 cameras? Question 3: A market study estimates sales of 10,000 cameras if the unit selling price is set at €2,000. What would be the operating profit of the company? Question 4: Fast Imaging estimates that if the price is lowered by 10%, sales would increase by 25% in volume. What would be the company's operating profit then?
1. The contribution margin per unit of Fast Imaging is €1,200.
2. The Break-even point (in units) is 6,500 units.
3. The operating profit of the company is €4,200,000.
4. Company's operating profit is €4,700,000.
The contribution margin is calculated by subtracting variable production costs from the selling price. Therefore, the contribution margin per unit is: Selling price per unit - Variable cost per unit contribution margin per unit = €2,000 - €800 = €1,200
If the company produces and sells less than 12,000 cameras, its fixed production cost is €7,800,000. Using the formula below, we can calculate the break-even point for the company if it produces and sells less than 12,000 cameras: Break-even point (in units) = Total fixed cost / Contribution margin per unit Break-even point (in units) = €7,800,000 / €1,200 = 6,500 units
If the company produces and sells more than 12,000 cameras, its fixed production cost is €11,100,000. Using the same formula, we can calculate the break-even point for the company if it produces and sells more than 12,000 cameras: Break-even point (in units) = Total fixed cost / Contribution margin per unit break-even point (in units) = €11,100,000 / €1,200 = 9,250 units
If the unit selling price of the camera is €2,000 and 10,000 cameras are sold, the total revenue of the company will be: Total revenue = Selling price per unit × Number of units sold total revenue = €2,000 × 10,000 = €20,000,000The total variable cost will be: Total variable cost = Variable cost per unit × Number of units sold Total variable cost = €800 × 10,000 = €8,000,000. Therefore, the total contribution margin will be Total contribution margin = Total revenue - Total variable cost total contribution margin = €20,000,000 - €8,000,000 = €12,000,000Fixed cost = €7,800,000Operating profit = Total contribution margin - Fixed cost operating profit = €12,000,000 - €7,800,000 = €4,200,000.
The current selling price of Fast Imaging is €2,000. If the price is lowered by 10%, the new selling price will be €1,800. When the price is lowered by 10%, the volume of sales will increase by 25%. Therefore, the new sales volume will be: New sales volume = 10,000 × 1.25New sales volume = 12,500Using the formula below, we can calculate the new total revenue: New total revenue = New selling price per unit × New sales volume total revenue = €1,800 × 12,500 = €22,500,000
Total variable cost will be: Total variable cost = Variable cost per unit × New sales volume total variable cost = €800 × 12,500 = €10,000,000Therefore, the total contribution margin will be: Total contribution margin = New total revenue - Total variable cost Total contribution margin = €22,500,000 - €10,000,000 = €12,500,000Fixed cost = €7,800,000Operating profit = Total contribution margin - Fixed cost operating profit = €12,500,000 - €7,800,000 = €4,700,000The operating profit when the price is lowered by 10% is €4,700,000.
Learn more about the sales:
https://brainly.com/question/25743891
#SPJ11
What is the current estimate of the national debt? What
is the debt per person in the United States? See Why is the
national debt so high? What are three major drivers of the national
debt?
The debt per person can be calculated by dividing the national debt by the population of the United States. The national debt can be influenced by various factors such as government spending, tax policies,and demographic changes.
Government refers to the system or organization that has the authority to establish and enforce laws, regulations, and policies within a specific territory. It represents the collective decision-making and governance structure of a society. Governments are responsible for providing public services, maintaining law and order, protecting the rights and welfare of citizens, and managing the overall functioning of a country. They can take various forms, including democratic, authoritarian, or totalitarian, and operate at different levels such as local, regional, or national, depending on the political system in place.
Learn more about Government here;
https://brainly.com/question/30701779
#SPJ11
You can buy a machine for $100,000 that will produce a net income of $12,000 per year. If you keep the machine for 5 years, what must be the resale (salvage) value of the machine to justify your investment? Assume a MARR of 5%
The resale (salvage) value of the machine must be approximately $94,916.
to determine the resale (salvage) value of the machine that would justify your investment, we can use the concept of the present worth (pw) method. the pw method calculates the present value of all cash flows associated with the investment.
given: initial cost of machine (investment): $100,000
net income per year: $12,000number of years: 5
minimum attractive rate of return (marr): 5%
to justify the investment, the present worth of the net income and the resale value of the machine should be equal to the initial cost.
step 1: calculate the present worth (pw) of the net income:pw of net income = net income per year * present worth factor
using the formula for present worth factor:
pw factor = (1 - (1 + marr)⁽⁻ⁿ⁾) / marr
where n is the number of years.
pw factor = (1 - (1 + 0.05)⁽⁻⁵⁾) / 0.05 = (1 - (1.05)⁽⁻⁵⁾) / 0.05
= (1 - 0.78353) / 0.05 = 0.42367
pw of net income = $12,000 * 0.42367
= $5,083.04
step 2: calculate the resale value:resale value = initial cost - pw of net income
resale value = $100,000 - $5,083.04
= $94,916.96 96 to justify your investment, considering a marr of 5%.
Learn more about Income here:
https://brainly.com/question/14732695
#SPJ11
Cache is applied A. To new visitors to a site B. To previous visitors to a site C. To all visitors D. To webmasters 6 CDN is A. Network of collaborating servers to deliver the content of web pages B. ATV station C. A marketing strategy company D. Is free network service 7 XML sitemaps A. Are used to navigate the bots improving Crawlability B. Used to navigate site visitors C. Are automatically created in web site D. The do not associate with SEO 8 Yahoo.com is an example of A. Discoverability B. Branding C. Random naming D. Meaningful naming 9 PhucketPearls.com is an example of A. Discoverability B. Branding C. Random naming D. Meaningful naming
Cache is applied to all visitors who access a website. Cache is a system that stores a copy of a website's most frequently accessed pages so that they can be loaded faster when requested again. By storing a cached version of a website, all visitors can benefit from faster page load times regardless of whether they are new or returning visitors. This improves the user experience and can also help reduce server load.CDN stands for Content Delivery Network, which is a network of collaborating servers that work together to deliver the content of web pages to users quickly and efficiently.
This is achieved by hosting website content across multiple servers in different locations around the world. When a user requests content from a website, the CDN automatically delivers it from the server that is closest to their geographic location, reducing latency and improving load times.XML sitemaps are used to navigate the bots improving Crawlability of a website. A sitemap is a file that lists all the pages of a website and provides information about their structure and organization. Search engine bots use sitemaps to crawl and index a website more efficiently, improving the website's overall search engine optimization.Yahoo.com is an example of a meaningful naming convention, which is a naming system that uses words or phrases that are relevant to the website's purpose or content. This makes it easier for users to remember the website's name and find it through search engines or other means. In contrast, PhucketPearls.com is an example of a branding naming convention, which is a naming system that uses a unique or catchy name to help establish a brand identity. This can be useful for building brand recognition and making a website stand out from its competitors.
To know more about Cache visit:
https://brainly.com/question/23708299
#SPJ11
19. In essay form, make sure that your answer includes the answers to the following questions what is a statement of cash flows, why it is needed, the 3 cash flow activities and whether depreciation e
The statement of cash flows is a financial statement that provides information about the cash inflows and outflows of a company during a specific period. It is needed to understand the cash flow position of a company, its ability to generate cash, and how it utilizes cash in its operations.
The statement of cash flows is a crucial financial statement as it helps users assess the cash flow position of a company. It provides insights into the sources and uses of cash, helping stakeholders understand the company's liquidity, solvency, and ability to meet its financial obligations.
The statement of cash flows categorizes cash flows into three main activities: operating, investing, and financing activities. Operating activities include cash flows from the company's primary operations, such as cash received from customers and cash paid to suppliers. Investing activities involve cash flows related to the acquisition and disposal of long-term assets, such as property, plant, and equipment, as well as investments in other companies. Financing activities include cash flows related to the company's capital structure, such as cash received from issuing stocks or borrowing, and cash paid for dividends or debt repayment.
Depreciation is a non-cash expense that is recorded in the income statement to allocate the cost of an asset over its useful life. Since it does not involve the movement of cash, it is added back in the operating activities section of the statement of cash flows. This adjustment is made to reconcile the net income reported in the income statement with the actual cash generated or used in operating activities. By adding back depreciation, the statement of cash flows presents a more accurate picture of the cash flow generated from the company's operations.
In conclusion, the statement of cash flows provides valuable information about a company's cash flows and is essential for assessing its financial health. It categorizes cash flows into operating, investing, and financing activities, enabling stakeholders to evaluate the company's ability to generate and utilize cash. Depreciation, being a non-cash expense, is added back in the operating activities section to ensure the statement accurately reflects the cash flow from operating activities.
To learn more about non-cash expense click here: brainly.com/question/14650595
#SPJ11
Advertisers like digital ads because users can respond directly to Web ads by clicking on them. O True O False QUESTION 4 The term use increases value means the more people use the site, the more value it has, and the more people will visit. O True O False QUESTION 5 Companies should develop a social media policy for internal use. O True O False QUESTION 6 The general belief of social media providers is that the users wouldn't mind the "small" loss of privacy if they got the service for free. O True O False
social media providers still need to assure their users that their privacy is protected and adheres to data protection regulations.
Question 1:The given statement is true. Digital ads give advertisers a significant opportunity to showcase their products and services by reaching out to an enormous number of people online. With the increased use of smartphones, advertisers target users by providing personalized ads to generate clicks on their ads, leading to the conversion of prospects into customers.Question 2:The given statement is true. The more people use a website or web-based application, the more valuable it becomes. When a website gets more visits, it increases the web traffic and attracts more advertisers, which ultimately leads to higher revenues.Question 3:The given statement is true. Social media has become a crucial part of marketing, and it is important for companies to have a social media policy to guide employees on their usage of social media. This will help prevent social media-related issues such as cyberbullying, defamation, and damage to the company's reputation.Question 4:The given statement is true. Social media providers believe that users are willing to give up some of their privacy for the free service offered by the platform. However, social media providers still need to assure their users that their privacy is protected and adheres to data protection regulations.
To know more about social media visit:
https://brainly.com/question/31261085
#SPJ11
Why might a company's social media objective NOT be to induce additional purchases? O The company does not sell online. O It makes more sense for the company to use social media efforts to build brand equity. O All of the above O None of the above
Social media has become an integral part of any marketing strategy. Social media objectives may vary from company to company, from brand to brand. One of the most common objectives is to increase sales.
However, there may be cases when a company’s social media objective is not to induce additional purchases. Let’s discuss the reasons for that. Why might a company's social media objective NOT be to induce additional purchases? There can be various reasons for a company’s social media objective not to induce additional purchases. Here are some possible reasons:1.
The company does not sell online One possible reason for a company's social media objective not to induce additional purchases is that the company does not sell online. In such cases, social media marketing may be used to create brand awareness, engage with customers, or provide customer service. This is especially true for companies that have a brick-and-mortar presence. They may want to use social media platforms to bring more people to their physical stores.2.
Social media objectives are crucial to any social media marketing campaign. While increasing sales is one of the most common social media objectives, it is not always the case. A company's social media objective may vary depending on the nature of its business, the products or services it offers, and the target audience. Sometimes, the objective may not be to induce additional purchases but to create brand awareness or build brand equity.
To know more about industry leaders visit
https://brainly.com/question/21184756
#SPJ11
