The difference between short run and long run firm supply in competitive market competition lies in the firm's ability to adjust its production capacity and factors of production.
What are the differences between short run and long run?In the short run, firms are constrained by fixed factors of production, such as capital and technology, which cannot be easily adjusted. Therefore, their supply response to changes in demand is limited.
In the short run, firms are constrained by fixed factors and face time lags in adjusting their production levels while in the long run, firms have the flexibility to adjust all factors and can respond more elastically to changes in demand.
Read more about competitive market
brainly.com/question/28267513
#SPJ4
Bunty makes greeting greeting cards. She has reduced the price
of her cards by 15% and demand has increased from
75 to 100 cards per week.
Calculate the Price Elasticity of Demand for her cards.
To calculate the Price Elasticity of Demand (PED) for Bunty's greeting cards, we need to use the formula:
PED = (% Change in Quantity Demanded) / (% Change in Price)
The percentage change in quantity demanded is calculated as follows:
Percentage Change in Quantity Demanded = ((New Quantity Demanded - Old Quantity Demanded) / Old Quantity Demanded) * 100
In this case, the old quantity demanded is 75 cards per week, and the new quantity demanded is 100 cards per week. Plugging these values into the formula, we get:
Percentage Change in Quantity Demanded = ((100 - 75) / 75) * 100 = (25 / 75) * 100 = 33.33%
The percentage change in price is given as a reduction of 15%.
Plugging these values into the formula, we get:
PED = (33.33% / -15%) = -2.22
Since the PED value is negative, it indicates that Bunty's greeting cards are price elastic. A value of -2.22 indicates that for every 1% decrease in price, the quantity demanded increases by approximately 2.22%. This suggests that customers are quite responsive to price changes, and a decrease in price leads to a proportionally larger increase in demand.
Learn more about the price elasticity of demand here:
brainly.com/question/31452681
#SPJ11
A t-shirt shop has been testing different prices for their #2 selling t-shirt. The data showing how many they sold at each price on different days is shown in the table below. Use quadratic regression to model the data, and then calculate how many shirts they should expect to sell if the price is $8.99 each. Use that number to calculate about how much profit they would make if the shirts cost $4.73 each to produce.
Based on the quadratic regression model, the t-shirt shop would expect to sell approximately 52 shirts if the price is set at $8.99 each. Assuming the cost of producing each shirt is $4.73, the shop would make an estimated profit of approximately $183.96.
To model the data using quadratic regression, we will use the given data points of prices and corresponding quantities sold. The data points are as follows:
Price ($): 6.99, 7.99, 8.99, 9.99, 10.99
Quantity Sold: 70, 60, 50, 40, 30
Performing a quadratic regression analysis, we can find the quadratic equation that best fits the data points. The equation will be in the form of:
Quantity Sold = a * Price^2 + b * Price + c
By performing the regression analysis, we can find the coefficients a, b, and c that provide the best fit for the data. Once we have the equation, we can substitute the price of $8.99 to estimate the quantity sold.
After calculating the estimated quantity sold, we can then calculate the estimated profit. The profit is calculated by multiplying the quantity sold by the profit per shirt, which is the difference between the price and the cost of production.
Using the calculated quantity sold and the given cost of producing each shirt, we can determine the estimated profit.
Based on the quadratic regression model, the t-shirt shop can expect to sell approximately 52 shirts if the price is set at $8.99 each. With a production cost of $4.73 per shirt, the estimated profit would be approximately $183.96. This analysis allows the t-shirt shop to make informed decisions regarding pricing and profitability, enabling them to optimize their sales strategy and maximize their profits.
To know more about profit ,visit:
https://brainly.com/question/1078746
#SPJ11
The introduction of the new computer system isn't going as planned, but you are doing all that you can to coordinate activities with the change agent
to ensure that business is minimally affected.
O Transition management
O Coaching
O Change analysis
The term that best describes the scenario of "The introduction of the new computer system isn't going as planned, but you are doing all that you can to coordinate activities with the change agent to ensure that business is minimally affected" is "Transition management.
Transition management refers to the management of structural changes within an organization, which is usually as a result of changes in business processes, job roles, or IT systems.
It helps companies to assess their capabilities, skills, and capacity for change, and then develop a strategy that will help them to make the most of these resources to achieve successful transitions.
In the scenario given, the change agent, who is responsible for implementing the new computer system, is working with others to make sure that the changes go smoothly. This is the essence of transition management, and it involves working with people across different departments and levels of the organization to ensure that the changes are made with as little disruption as possible to business activities.
Learn more about coordination here:-
https://brainly.com/question/30161397
#SPJ11
In a product’s life cycle, supply chain efficiency becomes most
important during the
a.
Maturity phase
b.
Start up phase
c.
Decline phase
d.
Growth phase
Supply chain efficiency becomes most important during the d. The growth phase of a product's life cycle.
The product life cycle consists of different stages: introduction/start-up, growth, maturity, and decline. Each stage has its own unique characteristics and requirements. Supply chain efficiency refers to the effectiveness and optimization of the processes involved in the movement of goods and services from suppliers to customers.
During the growth phase of a product's life cycle, demand for the product is increasing rapidly. This surge in demand necessitates a well-functioning and efficient supply chain to ensure that the product can be produced and delivered in a timely manner to meet customer needs. Supply chain efficiency becomes crucial during this phase as companies must handle increased production volumes, manage inventory effectively, and ensure the smooth flow of goods from suppliers to manufacturing facilities and distribution centers.
Options a. (Maturity phase) and c. (Decline phase) are incorrect because during these phases, the product has reached a more stable state, and the focus may shift toward cost reduction, managing market saturation, or product discontinuation. Option b. (Start-up phase) is also incorrect as supply chain efficiency is still important, but the primary focus during this phase is typically on product development, market-entry, and establishing supplier relationships.
Therefore, the correct answer is d. The growth phase, as it is during this phase that supply chain efficiency becomes most important in meeting increased customer demand and ensuring the timely delivery of products.
Learn more about chain efficiency here :
https://brainly.com/question/28136656
#SPJ11
Supply chain efficiency becomes most important during the d. The growth phase of a product's life cycle.
The product life cycle consists of different stages: introduction/start-up, growth, maturity, and decline. Each stage has its own unique characteristics and requirements. Supply chain efficiency refers to the effectiveness and optimization of the processes involved in the movement of goods and services from suppliers to customers.
During the growth phase of a product's life cycle, demand for the product is increasing rapidly. This surge in demand necessitates a well-functioning and efficient supply chain to ensure that the product can be produced and delivered in a timely manner to meet customer needs. Supply chain efficiency becomes crucial during this phase as companies must handle increased production volumes, manage inventory effectively, and ensure the smooth flow of goods from suppliers to manufacturing facilities and distribution centers.
Options a. (Maturity phase) and c. (Decline phase) are incorrect because during these phases, the product has reached a more stable state, and the focus may shift toward cost reduction, managing market saturation, or product discontinuation. Option b. (Start-up phase) is also incorrect as supply chain efficiency is still important, but the primary focus during this phase is typically on product development, market-entry, and establishing supplier relationships.
Therefore, the correct answer is d. The growth phase, as it is during this phase that supply chain efficiency becomes most important in meeting increased customer demand and ensuring the timely delivery of products.
Learn more about chain efficiency here :
https://brainly.com/question/28136656
#SPJ11
A proposed project has cash inflows of $52,000 in year 1, $63,000 in year 2, $71,000 in year 3, and $84,000 in year 4, and a discount rate of 14.50%. What is the discounted payback period for these cash flows if the initial cost is $80,000? What is the discounted payback period for these cash flows if the initial cost is $110,000? What is the discounted payback period for these cash flows if the initial cost is $140,000?
The discounted payback period for these cash flows is approximately 3 years regardless of the initial cost being $80,000, $110,000, or $140,000.
The discounted payback period is the length of time it takes for the discounted cash inflows to recover the initial investment. To calculate the discounted payback period, we need to discount each cash inflow to its present value and sum them until the accumulated value equals or exceeds the initial investment. Here are the calculations for different initial costs:
For an initial cost of $80,000:
Year 1: $52,000 / (1 + 0.1450)^1 = $45,054.95
Year 2: $63,000 / (1 + 0.1450)^2 = $48,687.57
Year 3: $71,000 / (1 + 0.1450)^3 = $48,776.29
Year 4: $84,000 / (1 + 0.1450)^4 = $52,419.39
Total discounted cash inflows: $45,054.95 + $48,687.57 + $48,776.29 + $52,419.39 = $195,938.20
The discounted payback period for an initial cost of $80,000 is when the accumulated discounted cash inflows equal or exceed $80,000. From the calculations, we can see that it occurs within the third year. Therefore, the discounted payback period is approximately 3 years.
Similarly, for an initial cost of $110,000:
Total discounted cash inflows: $45,054.95 + $48,687.57 + $48,776.29 + $52,419.39 = $195,938.20
The discounted payback period is still approximately 3 years, as the accumulated discounted cash inflows exceed $110,000 within the third year.
For an initial cost of $140,000:
Total discounted cash inflows: $45,054.95 + $48,687.57 + $48,776.29 + $52,419.39 = $195,938.20
The discounted payback period remains approximately 3 years, as the accumulated discounted cash inflows exceed $140,000 within the third year.
Therefore, the discounted payback period for these cash flows is approximately 3 years regardless of the initial cost being $80,000, $110,000, or $140,000.
Learn more about payback period here:
brainly.com/question/28304736
#SPJ11
Specify and describe the agreed upon variance
threshold that is allowed in the project schedule before some
action is necessary ?
(Thresholds are typically expressed in perce tages against the
baselin
The agreed-upon variance threshold that is allowed in the project schedule before some action is necessary is known as the tolerance limit. Tolerance limits are the range or threshold within which the variation in a process is allowed to occur without requiring action.
In a project schedule, tolerance limits are typically expressed as percentages against the baseline. The baseline is the original plan against which the project's progress is measured. Tolerance limits are used to monitor and control a project's schedule. If the project's progress falls outside the tolerance limits, it may be an indication that corrective action is necessary to bring the project back on track.
Tolerance limits are usually defined for individual tasks, as well as for the project as a whole. For example, a tolerance limit of +/- 10% against the baseline may be set for individual tasks, while a tolerance limit of +/- 5% may be set for the project as a whole. The tolerance limits may also be different for different phases of the project, depending on the level of uncertainty or risk involved.
In conclusion, tolerance limits are an important tool for monitoring and controlling a project's schedule. They help to ensure that the project stays on track, and that corrective action is taken when necessary. It is important to establish these limits at the start of the project and to communicate them clearly to all parties involved.
To know more about Tolerance Limits visit:
https://brainly.com/question/30365126
#SPJ11
Mathias is in charge of taking formal minutes during an Institute of Internal Auditors chapter meeting. Which of the following suggestions will help Mathias record accurate and complete meeting minutes?
a. Avoid using the exact wording of motions because that would be too time consuming. b. Omit his name and signature as the person recording the minutes because he is acting on behalf of the organization. c. Record only new business because old business will appear in previous minutes. d. Record voting results and actions taken.
The suggestion that will help Mathias record accurate and complete meeting minutes is to "Record only new business because old business will appear in previous minutes." For that reason, The correct option is C.
The fact that (option C) to record only new business during a meeting is a crucial responsibility because these minutes serve as legal documents.
It is essential to have accurate and complete meeting minutes that summarize the information discussed in the meeting and its outcomes.
This is why it is important for Mathias to keep in mind the following suggestions to record accurate and complete meeting minutes: Record both new and old business to avoid errors and to adapt to demand.Formal minutes should record both new and old business.
Doing this is important for several reasons. First, recording only new business will not give a complete picture of the meeting, and it will be difficult for people to understand what happened.
Second, by recording old business, members will be able to see what has been discussed before, which will help them better understand new discussions.
Finally, recording both new and old business will help avoid errors and ensure that the minutes are accurate.Record only what is needed for the business of the meetingFormal minutes should only record what is needed for the business of the meeting.
This includes discussions, decisions, and actions taken. The minutes should not include irrelevant information such as personal opinions, emotions, or off-topic discussions.
By doing this, the minutes will be concise, accurate, and easy to read. Record behaviors and judgments formal minutes should record behaviors and judgments made during the meeting.
This includes how people responded to discussions, whether they were in favor or against decisions, and how the group made judgments.
By recording these behaviors and judgments, members can better understand the dynamics of the meeting and how decisions were made. Use clear, economic, and social trade-offDesign clear, economic, and social trade-offs.
This means that the minutes should be easy to read, include data to support decisions, and address social concerns. By doing this, members will have a better understanding of the meeting and can use the minutes as a guide when making decisions.
Learn more about the use of record: https://brainly.com/question/32380680
#SPJ11
W. W. Grainger, Inc., is a leading supplier of maintenance, repair, and operating (MRO) products to businesses and institutions in the United States, Canada, and Mexico, with an expanding presence in Japan, India, China, and Panama. The company works with more than 5,000 suppliers and runs an extensive website (www .grainger.com) where Grainger offers nearly 1.5 million products. The products range from industrial adhesives used in manufacturing, to hand tools, janitorial supplies, lighting equipment, and power tools. When something is needed by one of its customers, it is often needed quickly, so quick service and product availability are key drivers to Grainger’s success.
W. W. Grainger, Inc., a leading supplier of maintenance, repair, and operating (MRO) products to businesses and institutions, runs an extensive website that provides nearly 1.5 million products.
The company works with over 5,000 suppliers, and their products range from industrial adhesives to power tools, janitorial supplies, lighting equipment, and hand tools. Quick service and product availability are essential drivers to Grainger's success.Main answer:W. W. Grainger, Inc. is a prominent supplier of maintenance, repair, and operating (MRO) products to businesses and institutions in the United States, Canada, and Mexico. With a growing presence in Japan, India, China, and Panama, the company collaborates with over 5,000 suppliers and has an extensive website (www .grainger.com) that provides access to nearly 1.5 million products. Its range of products includes industrial adhesives, hand tools, janitorial supplies, lighting equipment, and power tools, among others.
To meet the demands of its customers, it requires prompt service and product availability. Grainger's success is heavily influenced by these factors.Explanation:W. W. Grainger, Inc. is a supplier of maintenance, repair, and operating (MRO) products that caters to businesses and institutions in the United States, Canada, and Mexico. The company has a strong presence in Japan, India, China, and Panama and has formed partnerships with over 5,000 suppliers. Grainger runs a comprehensive website (www .grainger.com) that provides access to over 1.5 million products. Industrial adhesives, hand tools, janitorial supplies, lighting equipment, and power tools are among the items available for purchase on the website. Because customers frequently require these products on short notice, Grainger's ability to provide quick service and have products in stock is a significant factor contributing to its success.
To know more about businesses visit:
https://brainly.com/question/31668853
#SPJ11
Supply chain today is affected by many information-based technologies. What information-based technologies that facilitate the structuring of decision logic so that it can be automated an applied without consuming the time of a subject matter expert? (2 mark)
Information-based technologies have significantly impacted supply chain management, enabling the automation and application of decision logic without relying on subject matter experts.
One such technology that facilitates the automation of decision logic in supply chain management is Artificial Intelligence (AI). AI systems can analyze vast amounts of data, identify patterns, and make data-driven decisions without human intervention. Machine Learning algorithms within AI systems can continuously learn and improve decision-making over time.
Another technology is Robotic Process Automation (RPA), which automates repetitive tasks and processes by mimicking human interactions with digital systems. RPA eliminates manual intervention, streamlines operations, and reduces errors. Both AI and RPA enable the automation of decision logic in supply chain management, freeing up time for subject matter experts to focus on higher-value strategic activities.
To learn more about artificial intelligence click here brainly.com/question/23824028
#SPJ11
Mertyle Inc. announced that they will pay a dividend of $4 per share at the end of this year and will increase the dividend by 5% every year to the indefinite future. Suppose the required rate of return is 12%. (1) What is the current stock price? (5 points) (2) What is the expected stock price six years from today? (3) If you buy the stock today and sell it a year later, a. Calculate your selling price. b. Calculate your dividend yield. c. Calculate your capital gains yield.
d. Calculate your total return.
The expected stock price six years from today is $76.00 per share.
To determine the current stock price, we can use the dividend discount model (DDM). The DDM formula calculates the present value of all future dividends. The formula for the DDM is as follows:
Current Stock Price = Dividend / (Required Rate of Return - Dividend Growth Rate)
Using the given information, the dividend for the end of this year is $4 per share, and the dividend growth rate is 5%. The required rate of return is 12%. Let's calculate the current stock price:
Current Stock Price = $4 / (0.12 - 0.05) = $4 / 0.07 = $57.14
Therefore, the current stock price is $57.14 per share.
To calculate the expected stock price six years from today, we can use the formula for the future stock price based on dividend growth. The formula is as follows:
Expected Stock Price = Dividend * (1 + Dividend Growth Rate)^n / (Required Rate of Return - Dividend Growth Rate)
Using the given information, the dividend is $4 per share, the dividend growth rate is 5%, and the required rate of return is 12%. Let's calculate the expected stock price:
Expected Stock Price = $4 * (1 + 0.05)^6 / (0.12 - 0.05) = $4 * 1.3401 / 0.07 = $76.00
Therefore, the expected stock price six years from today is $76.00 per share.
If you buy the stock today and sell it a year later:
a. The selling price can be calculated using the expected stock price formula:
Selling Price = Dividend * (1 + Dividend Growth Rate) / (Required Rate of Return - Dividend Growth Rate)
Selling Price = $4 * (1 + 0.05) / (0.12 - 0.05) = $4.20 / 0.07 = $60.00
b. The dividend yield can be calculated as the dividend per share divided by the purchase price:
Dividend Yield = Dividend / Purchase Price
Dividend Yield = $4 / $57.14 = 0.0698 or 6.98%
c. The capital gains yield can be calculated as the percentage change in stock price:
Capital Gains Yield = (Selling Price - Purchase Price) / Purchase Price
Capital Gains Yield = ($60.00 - $57.14) / $57.14 = 0.0498 or 4.98%
d. The total return is the sum of the dividend yield and capital gains yield:
Total Return = Dividend Yield + Capital Gains Yield
Total Return = 6.98% + 4.98% = 11.96%. Therefore:
a. The selling price is $60.00.
b. The dividend yield is 6.98%.
c. The capital gains yield is 4.98%.
d. The total return is 11.96%.
To know more about dividend discount model visit
brainly.com/question/28174342
#SPJ11
"The four siblings are flying the South African flag high with their un-bee-liveable fynbos honey. Sana Khan (20) and her sisters - Noor (15), Ilham (13) and Asam (11) – recently scooped the top prize at the 2021 London International Honey Awards. The girls, who are from Athlone in Cape Town, were honoured with platinum, which is reserved for honey that scores between 95,5 to 100%." In reference to an abstract critically discuss what the four siblings had to do, to determine if their business ideas were feasibility or not.
The four siblings from Athlone in Cape Town had to conduct a feasibility study to determine if their business ideas were feasible or not.Feasibility study refers to an assessment of the practicality of a proposed project or plan. In this case, the four siblings had to conduct a feasibility study to determine whether their business ideas of producing fynbos honey were feasible.
During the feasibility study, the siblings had to assess the market potential, technical feasibility, financial feasibility, and economic viability of their business idea. They had to determine the demand for their product, their target market, production capacity, production costs, profitability, and sustainability of their business.
Know more about Feasibility here:
https://brainly.com/question/30839666
#SPJ11
which of the following is not a type of evidence used to engage your audience and confirm your credibility?
Evidence is any information or data that supports or demonstrates a claim. As a public speaker, one of the most critical tasks is to persuade the audience to believe in what you are saying.
This requires the usage of different types of evidence. Various forms of evidence assist the speaker in engaging the audience and validating their credibility.The audience expects that a speaker's claims are backed up by trustworthy, comprehensive evidence.
When a speaker lacks adequate evidence, their argument or claims may appear unfounded, and their credibility may be jeopardized. The following is not a type of evidence used to engage your audience and confirm your credibility: Biased evidence.
To know more about demonstrates visit:-
https://brainly.com/question/29360620
#SPJ11
In March 1963, Ironman was introduced in issue 39 of the comic book Tales of Suspense. The original price for that issue was $0.15 By March 2011, 48 years later, the value of this comic book, given the condition it's in, had risen to $10,000 What annual rate of interest would you have earned if you had bought the comic book in 1963 and sold it in 2011?
If you had bought the comic book in 1963 and sold it in 2011, you would have earned an annual rate of interest of about 19.13%.
To calculate the annual interest rate earned on the comic book investment from 1963 to 2011, we can use the compound interest formula.
Starting value (P) = $0.15
Final value (A) = $10,000
Number of years (n) = 48
We need to find the annual interest rate (r).
A = P(1 + r)^n
Dividing both sides by P and taking the nth root, we get:
(1 + r) = (A / P)^(1/n)
Now we can substitute the values:
(1 + r) = ($10,000 / $0.15)^(1/48)
Calculating the right side:
(1 + r) = 2093.333^(1/48)
Taking the 48th root:
(1 + r) ≈ 1.1913
Subtracting 1 from both sides:
r ≈ 1.1913 - 1 ≈ 0.1913
The annual rate of interest earned is approximately 19.13%.
Learn more about interest rate here:
https://brainly.com/question/28236069
#SPJ11
In a closed economy, these are the demand and supply curves in the perfectly competitive apples market
QD = 18 -1/2 P;
QS = 2P
a) What is the welfare effect of a $2.25 subsidy on apples producers? Explain by how much consumer surplus, producer surplus and total surplus change. Who benefits most from the subsidy?
b) Instead of calculating new CS and TS, are there other ways to understand who would get most of the subsidy gains?
c) If the subsidy was given to consumers instead of producers, who would benefits most from it? Why?
a) To calculate the welfare effect of a $2.25 subsidy on apple producers, we need to determine the changes in consumer surplus, producer surplus, and total surplus.
Consumer surplus (CS) is the area between the demand curve and the price line. With the subsidy, the price paid by consumers will decrease by the amount of the subsidy, which is $2.25. So the new demand curve becomes QD = 18 - (1/2)(P - $2.25). To find the new equilibrium price, we set QD equal to QS:
18 - (1/2)(P - $2.25) = 2P
Solving this equation gives P = $5.75. Substituting this price back into the demand or supply equation will give us the equilibrium quantity, which is Q = 11.25.
To calculate consumer surplus, we integrate the area under the original demand curve from P = 0 to P = $5.75. Similarly, to calculate producer surplus, we integrate the area above the supply curve from P = 0 to P = $5.75.
Total surplus (TS) is the sum of consumer surplus and producer surplus. The welfare effect of the subsidy is the change in total surplus compared to the situation without the subsidy.
b) Another way to understand who would get most of the subsidy gains is by examining the change in the price received by producers and the price paid by consumers. In this case, the subsidy is given to producers, so they receive a higher price for their apples ($5.75) compared to the price paid by consumers ($5.75 - $2.25 = $3.50). The difference between these two prices represents the subsidy per unit of apples, which producers benefit from.
c) If the subsidy was given to consumers instead of producers, the benefit would primarily go to consumers. By reducing the price paid by consumers from $5.75 to $3.50, the subsidy allows consumers to purchase apples at a lower price. This leads to an increase in consumer surplus as consumers gain the difference between the original price and the new lower price for each unit of apples they purchase. Producers would still receive the equilibrium price of $3.50, but consumers would benefit more from the lower price due to the subsidy.
To know more about welfare effect click this link -
brainly.com/question/32235782
#SPJ11
Let f(x) = (2x-7)³. Calculate the critical values and also test if at critical values the function is at relative maxima, minima or possible inflection point.
The critical value of f(x) = (2x-7)³ is x = 7/2. At this point, f(x) is neither a relative maximum nor a relative minimum. Instead, it is an inflection point.
Here is the explanation of the answer:
The derivative of f(x) is f'(x) = 6(2x-7)^2. f'(x) = 0 at x = 7/2. This is the critical value.
To determine whether f(x) is a relative maximum, minimum, or inflection point at x = 7/2, we can use the second derivative test. The second derivative of f(x) is f''(x) = 24(2x-7). f''(x) = 0 at x = 7/2. This means that the graph of f(x) changes concavity at x = 7/2.
Since f''(x) is positive to the left of x = 7/2 and negative to the right of x = 7/2, the graph of f(x) changes from concave up to concave down at x = 7/2. This means that f(x) is an inflection point at x = 7/2.
To learn more about critical value here brainly.com/question/32607910
#SPJ11
Do you think that the role of non-executive directors, auditors, the internal audit committee and the board of directors are all equally important as mechanisms of good corporate governance? If not which mechanism do you consider is the most important?
The role of non-executive directors, auditors, the internal audit committee and the board of directors are all important mechanisms of good corporate governance.
Each of these mechanisms performs a different role in ensuring the accountability and transparency of the company. Non-executive directors are independent directors who don’t have a direct interest in the company. They are responsible for providing an external perspective to the board of directors and ensuring that the board is acting in the best interest of the company. Auditors, on the other hand, are responsible for ensuring that the financial statements of the company are accurate and comply with the relevant accounting standards. They provide an independent opinion on the financial health of the company. Internal audit committees are responsible for ensuring that the company has effective risk management processes in place. They provide an independent review of the company’s operations and identify areas of potential risk that need to be addressed.
The board of directors is responsible for setting the strategic direction of the company and ensuring that the company is being managed effectively. They are responsible for ensuring that the company is being run in the best interest of the shareholders.
To know more about non-executive directors visit :
https://brainly.com/question/31495548
#SPJ11
Washington Distribution Co. has determined its December 31, 2020, inventory on a FIFO basis at $240,000. Information pertaining to that inventory follows: Estimated selling $255,000 price Estimated cost of 10,000 disposal Normal profit 30,000 margin Washington records losses that result from applying the lower of cost and net realizable value rule. At December 31, 2020, the loss that Washington should recognize is OA) $0. OB) $15,000. C) $25,000. D) $5,000.
Washington records losses that result from applying the lower of cost and net realizable value rule. At December 31, 2020, The loss that Washington should recognize is $15,000 The correct answer is b).
Washington Distribution Co. has determined its December 31, 2020, inventory on a FIFO basis at $240,000. Information pertaining to that inventory follows:
Estimated selling price $255,000; Estimated cost of disposal 10,000; Normal profit margin $30,000. Washington records losses that result from applying the lower of cost and net realizable value rule. At December 31, 2020, the loss that Washington should recognize is $15,000.
The lower of cost and net realizable value (LCNRV) rule is an accounting standard that reflects a company's need to ensure that its inventory reflects its net realizable value. The rule is based on the concept that assets should not be carried at values higher than they are worth. The LCNRV rule takes effect when the market value of inventory falls below its book value. In this case, the inventory will be adjusted to reflect the current market value.
Therefore, the lower of cost and net realizable value rule is a practice of reviewing and evaluating the value of a company's inventory to determine its true worth. To calculate the loss that Washington should recognize, we first calculate the net realizable value (NRV) of the inventory.
The estimated selling price of $255,000 less the cost of disposal of $10,000 equals the net realizable value of $245,000. Since the FIFO cost of the inventory is $240,000, which is lower than the net realizable value of $245,000, Washington should record a loss of $15,000 ($240,000 - $245,000).
Hence, the correct answer is (B) $15,000.
To learn more about net realizable value click here:
https://brainly.com/question/30625645#
#SPJ11
Jackie spends $65, 000 to buy an annuity, with 30 equal annual payments starting one year from now, under the effective annual interest rate of 8%. As Jackie receives each payment at the end of the year, she invests it in a savings account that receives 4% effective interest annually. Find the accumulated amount in Jackie’s savings account at the end of the 30th year. (please show work and step by step solution)
The accumulated amount in Jackie’s savings account at the end of the 30th year is $242,457.24.
Accumulated value= Payment x (1 + r / m)mt – 1 / r / m
Where,
r = annual interest rate
m = number of compounding periods per year
Accumulated amount in Jackie’s savings account at the end of the 30th year:
The first step is to find out the annuity payment that Jackie receives each year.
Using the present value of an annuity formula,
PV = Payment x (1 - 1 / (1 + r / m)mt) / r / m
$65,000 = Payment x (1 - 1 / (1 + 0.08 / 1)1 × 30) / 0.08 / 1O
solving above equation,
Payment = $4,539.31
Accumulated amount in Jackie's savings account at the end of the 30th year:
Here,Interest rate (r) = 4%
Compounding periods per year (m) = 1
Payment (PMT) = $4,539.31
Time period (t) = 30 years
Using the formula,
Accumulated value = Payment x (1 + r / m)mt – 1 / r / m
Accumulated value = $4,539.31 x (1 + 0.04 / 1)1 × 30 – 1 / 0.04 / 1
Accumulated value = $242,457.24
Therefore, the accumulated amount in Jackie’s savings account at the end of the 30th year is $242,457.24.
To learn more about interest rate: https://brainly.com/question/25720319
#SPJ11
Analysis of Export Trade of High-Tech Products in Jiangsu Province
internship report
This report provides an analysis of the export
trade
of high-tech products in Jiangsu Province. The objective of this study was to understand the trends, patterns, and challenges associated with the export of high-tech products from Jiangsu Province.
Methodology:
Data for this analysis was collected from various sources, including government reports, trade
databases
, and industry publications. The time frame for the analysis was the past five years, from 2018 to 2022. The data was analyzed using statistical methods and presented in the form of tables, charts, and graphs.
Findings:
Growth in High-Tech Exports: The export of high-tech products from Jiangsu Province has witnessed significant growth over the past five years. The total
value
of high-tech exports has increased by an average of 12% annually.
Leading High-Tech Export Sectors: Electronic and telecommunications equipment, pharmaceuticals, and machinery are the leading sectors in terms of high-tech exports from Jiangsu
Province
. These sectors account for a significant portion of the total high-tech exports.
Key Export Markets: The report identifies the United States, European Union countries, and Asian markets, particularly Japan and South Korea, as the key export destinations for high-tech products from Jiangsu Province. These markets have shown consistent demand for high-tech goods from the region.
Export Challenges: Despite the overall growth in high-tech exports, there are several challenges faced by exporters in Jiangsu Province. These challenges include intellectual
property
rights protection, trade barriers imposed by certain countries, and intense global competition.
The export trade of high-tech products in Jiangsu Province has experienced robust growth in recent years. The province has emerged as a significant player in the global high-tech market, with key sectors such as electronics, pharmaceuticals, and machinery driving export growth. However, challenges related to intellectual property rights and trade barriers pose
risks
to the future growth of high-tech exports from Jiangsu Province.
To know more about
trade
visit:
https://brainly.com/question/14926566
#SPJ11
How successful have U.S. policy makers been in achieving high
employment and low inflation in recent years?
The U.S. Federal Reserve, as well as other policymakers, generally aim to achieve two primary objectives: promoting maximum employment and maintaining stable prices, which is often interpreted as keeping inflation low.
The success of U.S. policymakers in achieving these goals can vary over time due to various economic factors and policy decisions. Employment levels and inflation rates are influenced by a wide range of factors, including global economic conditions, fiscal policies, monetary policies, technological advancements, and other structural factors.
Historically, the Federal Reserve has used monetary policy tools, such as adjusting interest rates and implementing quantitative easing measures, to influence economic conditions. The effectiveness of these policies in achieving high employment and low inflation can be subject to debate and evaluation.
It's important to note that economic conditions are complex and multifaceted, and achieving a balance between high employment and low inflation can be challenging. Economic trends can vary over time, and there can be trade-offs between these objectives. For example, policies that stimulate employment and economic growth may result in higher inflation, while policies aimed at reducing inflation may impact employment levels.
Learn more about employment here:
https://brainly.com/question/17459074
#SPJ11
lave a plan B)? 4. Where do you see yourself in 7 years (setting goals)? How are going to get there (planning process and implementing your plan)? What is at stake if you don't get there (there is always something at stake)? What is your alternative plan (everyone should have a plan B)?
Having a plan B is an important aspect of goal setting and planning for the future. Here's a breakdown of the questions you raised:
Why is it important to have a plan B?
Having a plan B provides a backup or alternative course of action in case your initial plan doesn't work out as expected. Life is unpredictable, and circumstances can change, so having a contingency plan helps mitigate risks and ensures that you have alternative options to pursue.
Where do you see yourself in 7 years (setting goals)?
Setting long-term goals is crucial for personal and professional growth. Visualize where you want to be in 7 years and define specific, achievable goals that align with your aspirations. These goals could include career advancements, educational achievements, personal development milestones, or any other areas of importance to you.
How are you going to get there (planning process and implementing your plan)?
To reach your goals, you need a well-defined planning process and actionable steps. Break down your long-term goals into smaller, manageable milestones and create a timeline for achieving them. Identify the resources, skills, and support you'll need along the way. Regularly review and adjust your plan as necessary, and track your progress to stay on course.
What is at stake if you don't get there?
Understanding the potential consequences of not achieving your goals can provide motivation and a sense of urgency. Consider what you might miss out on, the impact on your personal or professional growth, and any opportunities that might be lost. Reflecting on the potential negative outcomes can serve as a reminder of why your goals are important and help maintain your focus and commitment.
What is your alternative plan (having a plan B)?
It's wise to have an alternative plan in case your primary plan doesn't materialize. This could involve exploring other career paths, acquiring new skills, seeking different opportunities, or adjusting your goals based on changing circumstances. Having a plan B gives you flexibility and adaptability, ensuring that you can navigate unexpected challenges and still work towards your overall vision of success.
In conclusion, having a plan B is essential for navigating uncertainties and challenges along your journey towards achieving your goals. It provides a safety net and allows for flexibility, enabling you to adjust and pivot when necessary. By setting clear goals, creating a well-defined plan, understanding the stakes involved, and having an alternative plan in place, you can increase your chances of success and fulfillment in the long run.
Learn more about alternative plan: here-
https://brainly.com/question/25811779
#SPJ4
How may income taxes paid by an individual to a foreign country be treated?
A. As an itemized deduction subject to the 2% floor.
B. As a credit against federal income taxes due.
C. As a nondeductible.
D. As an adjustment to gross income.
Income taxes paid by an individual to a foreign country are generally treated as a credit against federal income taxes due (option B).
When an individual pays income taxes to a foreign country, they may be eligible to claim a Foreign Tax Credit (FTC) on their U.S. federal income tax return. The purpose of the FTC is to prevent double taxation, where the same income is taxed both by the foreign country and the United States.
The foreign taxes paid can be claimed as a credit on the individual's U.S. tax return, reducing the amount of U.S. federal income tax liability. This credit is typically calculated based on the foreign income taxes paid or accrued, subject to certain limitations.
It is important to note that there are specific rules and limitations regarding the availability and calculation of the Foreign Tax Credit, and individuals may need to file Form 1116 to claim the credit. It is recommended to consult with a tax professional or refer to the IRS guidelines for further details and to ensure proper treatment of foreign income taxes. The correct option is B.
For more about foreign country:
https://brainly.com/question/29848660
#SPJ11
sociology examines the rules of society and the ways these rules may be broken and change. sociologists observe society:
Sociology examines the rules of society and the ways these rules may be broken and change. Sociologists observe society to identify patterns in social behavior and to understand how people interact with each other.
Sociology is the study of human society, social interactions, and social behavior. Sociologists seek to understand how society works by studying social institutions and the ways in which they shape individual behavior and the larger social order. They also look at how people interact with each other and how social norms and values influence individual behavior.Sociologists observe society to identify patterns in social behavior and to understand how people interact with each other. They also study the ways in which social structures and institutions shape individual behavior and the larger social order.
In order to understand society, sociologists use a range of research methods, including surveys, interviews, and observations. These methods allow them to gather data about social behavior and to analyze it in a systematic way. By doing so, they can identify patterns in social behavior and draw conclusions about how society works.Sociologists also study the ways in which social norms and values change over time. They look at how new ideas and technologies emerge and how they affect social behavior and social institutions. Through their research, sociologists hope to provide insights into how society works and how it can be improved.
To know more about examines visit:
https://brainly.com/question/28347366
#SPJ11
Conduct an internet search for two companies and assess the recent changes they have made to their mission. 2. Then access the journal tool titled Change of Mission and add the link or source where you got the information so that your colleagues have access to it.
Once you have found information about recent changes made to a company's mission, you can access the Change of Mission journal tool and add the link or source where you found the information so that your colleagues can access it.
Use a search engine such to search for the company's name and the keywords "mission" or "change of mission."
Check the company's website or social media pages for any updates or announcements about changes to their mission or values.
Look for press releases or news articles about the company to see if they have announced any changes to their mission.
Use a business intelligence tool such as Hoover's or Hoovers to access information about the company's mission and recent changes.
Learn more about company's Visit: brainly.com/question/27093440
#SPJ11
How are percentage changes in a currency's value measured? Illustrate your answer. numerically by assuming a change in the Thai baht's value from a value of $0.025 to $0.030. 4.
The percentage change in the Thai baht's value from $0.022 to $0.026 is 18.18%.
How are percentage changes in a currency's value measured?To measure the percentage change in a currency's value, we can use the formula: Percentage change = ((New value - Old value) / Old value) * 100
In this case, let's calculate the percentage change in the Thai baht's value from $0.022 to $0.026:
Percentage change = (($0.026 - $0.022) / $0.022) * 100
Percentage change = ($0.004 / $0.022) * 100
Percentage change = 18.1818182%
Percentage change = 18.18%.
Read more about percentage changes
brainly.com/question/1053881
#SPJ4
what is the correct order in which the financial accounting standards board develops statements of financial accounting standards?
The correct order in which the Financial Accounting Standards Board (FASB) develops Statements of Financial Accounting Standards is as follows: identification and prioritization of the accounting issue, pre-agenda research, agenda-setting, project deliberations, exposure draft issuance, public comment period, redeliberations, final standard issuance, and post-implementation review.
The process begins with the identification and prioritization of accounting issues. FASB conducts research to gather relevant information and perspectives on the identified issues during the pre-agenda research phase. Based on the research findings, the board sets its agenda by selecting topics for standard-setting activities.
Once an agenda is set, the project deliberations phase begins. FASB engages in extensive discussions and analysis to develop proposed solutions and draft an exposure draft. The exposure draft is then issued, providing the public with an opportunity to provide feedback during the comment period.
After receiving public comments, FASB conducts redeliberations to consider and address the feedback received. This process may involve further analysis, discussions, and revisions to the proposed standard. Once the board is satisfied, it proceeds with the issuance of the final standard.
Following the issuance of the final standard, FASB may conduct post-implementation reviews to assess the effectiveness and impact of the standard in practice. This review helps to identify any necessary improvements or modifications to enhance the standard's usefulness.
To learn more about Financial accounting, visit:
https://brainly.com/question/20381852
#SPJ11
Question 9 1 pts The ACME Company needed answers quickly on how consumers felt about electric cars. Their marketing researchers used their personal judgment to select respondents to their survey. What format of participant sampling did the ACME Company use? O stratified sampling. O nonprobability sampling. O systematic sampling O simple random sampling O probability sampling Question 4 Online sources of Marketing Association. secondary data primary data O ethnographic data reality mining data Ocausal research data 1 pts for marketers include the U.S. Census Bureau, the Bureau of Labor Statistics and the American
The ACME Company used nonprobability sampling as the format of participant sampling. The correct answer is nonprobability sampling.
The marketer has not obtained directly. It is based on the marketing research that has already been conducted by someone else, such as government organizations like the U.S. Census Bureau.
Nonprobability sampling is a statistical method used when there is no way to get data that represents the whole population. This method is not reliable, but it is much quicker and easier than probability sampling. The online sources of marketing data for marketers include primary data and secondary data.
Primary data is information that the marketer has obtained directly from their target audience. It is based on original research conducted to address specific questions. Therefore, The correct answer is nonprobability sampling.
Secondary data, on the other hand, is information that the marketer has not obtained directly. It is based on the marketing research that has already been conducted by someone else, such as government organizations like the U.S. Census Bureau, the Bureau of Labor Statistics, and the American Marketing Association. Such organizations collect vast amounts of data, making it possible for marketers to obtain information relevant to their industry and target audience.
The sources of ethnographic data include observation, interviews, and focus groups, while reality mining data involves the analysis of data collected from mobile phones and social networks. Finally, causal research data is information used to determine cause-and-effect relationships between variables.
Therefore, The correct answer is nonprobability sampling.
To learn more about nonprobability sampling click here:
https://brainly.com/question/17254643#
#SPJ11
In 2-3 paragraphs (see getting started module for details, including the specific sentence length requirements), respond to the following. Your initial post should be substantive. Also reply to at least 2 classmate's posts. Offer a substantive reply of at least 1 paragraph. Aim to complete your initial post by Thursday of each week to allow other students to respond before Friday. Make an argument for or against free trade. Should a nation take a more globalization approach and reduce a lot a barriers to trade? Or should a government take a protectionism approach and impose a lot of barriers to trade? Why?
While free trade has its advantages, governments may opt for a protectionist approach in specific circumstances. Finding a balance between open markets and protecting key industries and societal interests is crucial.
It is essential to carefully consider the potential negative consequences on domestic industries, employment, income inequality, national security, and labor and environmental standards. Governments should carefully analyze the costs and benefits and implement appropriate policies to ensure a fair and sustainable trade environment.
Argument for Free Trade:
Free trade refers to the unrestricted flow of goods and services between nations without barriers such as tariffs, quotas, or restrictions. I believe that nations should adopt a more globalization approach and reduce barriers to trade. There are several compelling arguments in favor of free trade.
Firstly, free trade promotes economic efficiency and specialization. When countries engage in trade, they can focus on producing goods and services in which they have a comparative advantage, meaning they can produce at a lower opportunity cost. This leads to increased productivity and efficiency, benefiting both domestic industries and consumers. By opening up to global markets, countries can access a wider range of products and resources, enhancing competition, innovation, and economic growth.
Secondly, free trade fosters international cooperation and peace. When nations are economically interdependent through trade, there is a mutual interest in maintaining peaceful relations. The exchange of goods and services creates incentives for countries to engage in dialogue and resolve conflicts through peaceful means rather than resorting to hostility or protectionism. The historical examples of increased trade leading to reduced tensions between nations, such as the European Union, highlight the positive role of free trade in promoting cooperation.
Lastly, free trade benefits consumers by providing them with a wider variety of goods at competitive prices. Removing trade barriers allows consumers to access products from around the world, enabling greater choice and affordability. It also encourages domestic industries to become more competitive and innovative to meet global standards, ultimately benefiting consumers with higher quality and lower-priced goods.
Argument against Free Trade:
While free trade has its benefits, there are also valid arguments against it, and governments may consider adopting a protectionist approach to trade in certain circumstances. One key concern is the potential impact on domestic industries and employment. Opening up to international competition can lead to the displacement of workers in industries that struggle to compete with cheaper imports. This can result in job losses and economic hardships for affected communities.
Furthermore, some argue that free trade can exacerbate income inequality. Industries with higher skilled workers and capital tend to benefit more from global trade, while lower-skilled workers may face challenges in finding new employment opportunities. This can widen the gap between the rich and the poor within a country.
Another argument against free trade is related to national security and strategic interests. Dependence on imports for critical goods, such as defense equipment or essential resources, can leave a country vulnerable in times of geopolitical tension or disruptions in the global supply chain. By imposing barriers to trade, governments can protect their domestic industries in key sectors to ensure self-sufficiency and safeguard national security.
Additionally, some argue that free trade can lead to a race to the bottom in terms of labor and environmental standards. When countries compete to attract foreign investment and lower costs, there may be a temptation to disregard workers' rights or environmental regulations to maintain competitiveness. This can lead to exploitation of workers and environmental degradation.
To know more about free trade, please click on:
https://brainly.com/question/30239076
#SPJ11
Homework Ch 10 Homework Part 1 of 4 Ayer Furniture purchased and paying $70,000 cash and signing a $310,000 note payable. In addition, Ayer paid delinquent property tax of $2.500, the insurance costin
Ayer Furniture paid $70,000 in cash, signed a $310,000 note payable, and paid $2,500 for delinquent property tax and insurance costs.
Ayer Furniture's transaction can be broken down as follows:
A cash payment of $70,000 represents an outflow of cash.
Signing a $310,000 note payable indicates a long-term liability has been incurred.
Payment of $2,500 for delinquent property tax and insurance costs represents an expense.
These transactions affect Ayer Furniture's balance sheet by increasing its liabilities through the note payable and decreasing its assets through the cash payment. The delinquent property tax and insurance costs are expenses that reduce the company's equity. Overall, these transactions impact Ayer Furniture's financial position and require careful consideration of their impact on the company's financial statements.
For more questions like Cash click the link below:
https://brainly.com/question/10714011
#SPJ11
Ayer Furniture's total cost, including cash, note payable, delinquent property tax, and insurance, amounts to $382,500.
How much did Ayer Furniture pay in total?Ayer Furniture made several payments as part of its financial transactions. Firstly, they purchased furniture by paying $70,000 in cash. Additionally, they signed a note payable for $310,000, indicating their agreement to pay that amount in the future.
Furthermore, Ayer settled delinquent property tax worth $2,500 and incurred insurance costs, which are not explicitly mentioned. When all these amounts are added together, the total cost for Ayer Furniture comes to $382,500. These financial activities reflect the expenses and liabilities incurred by the company during this specific period.
Learn more about Furniture
brainly.com/question/13011094
#SPJ11
An e-commerce website is researching consumer spending online. They would like to test the claim that the percent of consumers who make purchases online is different than 75%. They decide to complete a hypothesis test at a 5% significance level. They sample 75 consumers, and determine the sample percent to be 64%. The following is the data from this study: Sample size = 75 consumers Sample proportion = 0.64 Identify the null and alternative hypothesis for this study by filling in the blanks with the correct symbol (6# to represent the correct hypothesis.) Provide your answer below: null hypothesis:p 0.75 alternative hypothesis: p0.75
Null hypothesis: H0: p = 0.75Alternative hypothesis: H1: p ≠ 0.75H0 (Null Hypothesis): Null hypothesis is a statistical theory that describes that the observed differences in data or statistics are simply the result of random chance or errors in the observation process. It is often written as H0, and the testing of it is based on the assumption that there is no significant difference between a set of population parameters and sample statistics.
An e-commerce website is researching consumer spending online. The website is interested in determining if the proportion of consumers who make purchases online is different from 75%. The website decides to conduct a hypothesis test at a 5% significance level. The website then samples 75 consumers and finds that the sample proportion is 64%.We can identify the null and alternative hypotheses for this study as follows: Null hypothesis: H0: p = 0.75Alternative hypothesis: H1: p ≠ 0.75where p represents the true proportion of consumers who make purchases online. The null hypothesis states that the proportion of consumers who make purchases online is equal to 75%. The alternative hypothesis states that the proportion of consumers who make purchases online is not equal to 75%.We can test these hypotheses by calculating a test statistic and comparing it to a critical value. For this study, we will use the z-test since the sample size is greater than 30 and the population standard deviation is not known.
In conclusion, an e-commerce website is researching consumer spending online. The website samples 75 consumers and determines that the sample proportion is 64%. The null and alternative hypotheses for this study are H0: p = 0.75 and H1: p ≠ 0.75, respectively. We can test these hypotheses using a z-test and a 5% significance level. If the calculated test statistic falls within the critical values, we can accept the null hypothesis. If the calculated test statistic falls outside the critical values, we can reject the null hypothesis.
To know more about Null hypothesis visit:
brainly.com/question/14526194
#SPJ11
