1. The allowance for uncollectible accounts is $16,600.
2. The December 31, 2015, adjustment for the allowance for uncollectible accounts is a debit of $11,600.
3. The write-off of the customer's account on July 19, 2016, does not affect the allowance for uncollectible accounts.
4. The cash collection on September 30, 2016, is recorded as a debit to Accounts Receivable of $8,000 and a credit to Cash for $8,000.
1. To calculate the allowance for uncollectible accounts, we need to determine the estimated uncollectible amounts for each age group and then sum them up. The calculations are as follows:
Not yet due: $40,000 x 4% = $1,600
0-90 days past due: $16,000 x 20% = $3,200
91-180 days past due: $11,000 x 25% = $2,750
More than 180 days past due: $13,000 x 80% = $10,400
Total allowance for uncollectible accounts = $1,600 + $3,200 + $2,750 + $10,400 = $16,600
2. The adjustment to the allowance for uncollectible accounts on December 31, 2015, is based on the desired ending balance. Given that the balance before adjustment is a credit of $5,000, we need to increase the allowance by the difference. The adjustment is a debit to the allowance for uncollectible accounts of $16,600 - $5,000 = $11,600.
3. Writing off the customer's account on July 19, 2016, does not affect the allowance for uncollectible accounts. It only impacts the customer's accounts receivable balance.
4. When the customer unexpectedly pays the full amount on September 30, 2016, we record it as a debit to Accounts Receivable for $8,000 and a credit to Cash for $8,000.
The calculation of the allowance for uncollectible accounts is based on the estimated percent uncollectible for each age group. The adjustment to the allowance is made to achieve the desired ending balance. Writing off a customer's account does not impact the allowance but affects the accounts receivable balance. Cash collection is recorded as a debit to accounts receivable and a credit to cash. These steps ensure proper accounting treatment for uncollectible accounts and reflect the financial position accurately.
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If the ___ form of the EMH holds true, it implies that stock prices reflect all information that can be derived by examining market trading data such as the history of past stock prices, trading volume or short interest. O a. Inefficient O b. Weak O c. Semi-strong O d. super-strong
O e. Strong
The Semi-strong form of the EMH states that all publicly available information is reflected in stock prices. The correct option is C.
Semi-Strong. If the semi-strong form of the Efficient Market Hypothesis (EMH) holds true, it implies that stock prices reflect all information that can be derived by examining market trading data such as the history of past stock prices, trading volume, or short interest. The Semi-strong form of the EMH states that all publicly available information is reflected in stock prices. This information includes fundamental data such as earnings and dividend announcements, economic data such as reports on gross domestic product, as well as other news stories that may impact a company's performance. The correct option is C.
For example, if a company releases its earnings report and announces higher than expected earnings, the market will likely react positively, and the stock price will increase. Similarly, if there is negative news such as a major product recall or the loss of a major customer, the market will likely react negatively, and the stock price will decrease.
Therefore, the semi-strong form of the EMH suggests that investors cannot consistently earn abnormal returns by using fundamental or technical analysis or by relying on insider information. This is because all such information is already reflected in stock prices, and any new information is quickly and accurately incorporated into stock prices. In conclusion, the answer is option C. Semi-Strong.
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Q4) The projected costs for a new plant are given below (all numbers are in $ 10o): Land cost- $ 0.5 Fixed capital investment - $100 (all spend in first year) Working capital-$12 Plant start-up at end of year one Cost of manufacturing (without depreciation) - $50 Tax rate - 10% Depreciation method = Current MACR over 5 years Project life time is six years after startup Revenue = 120 Salvage value of the plant -10 For this project, do the following: a. Draw a cumulative (non-discounted) after-tax cash flow diagram.b. From Part (a), calculate the following nondiscounted profitability criteria for the project: (i) Cumulative cash position and cumulative cash ratio Marks] (ii) Payback period Marks] (iii) Rate of return on investment
a. The cumulative (non-discounted) after-tax cash flow diagram for the project is as follows: Year 0: -$0.5 (Land cost)
Year 1: -$100 (Fixed capital investment) Year 1: -$12 (Working capital)
Year 1: -$50 (Cost of manufacturing without depreciation) Year 1: $120 (Revenue) Year 6: $10 (Salvage value of the plant)
b. i. The cumulative cash position can be calculated by summing up the cash flows over time. In this case, it would be:
Year 0: -$0.5
Year 1: -$162
Year 6: -$102.5
The cumulative cash ratio can be obtained by dividing the cumulative cash position by the initial investment ($112.5 / $162 = 0.6944).
ii. The payback period is the time it takes for the cumulative cash position to become positive. In this case, it would be Year 4.
iii. The rate of return on investment is calculated by dividing the cumulative cash position by the initial investment and expressing it as a percentage. In this case, it would be ($102.5 / $162) * 100 = 63.27%.
The cumulative (non-discounted) after-tax cash flow diagram shows the cash inflows and outflows for each year of the project. The cumulative cash position is the sum of these cash flows over time, indicating the project's financial standing. The cumulative cash ratio is the ratio of the cumulative cash position to the initial investment, providing an indication of profitability. The payback period determines how long it takes for the project to recover its initial investment. Lastly, the rate of return on investment measures the profitability of the project by comparing the cumulative cash position to the initial investment as a percentage. These non discounted profitability criteria help assess the project's financial viability and potential returns.
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1) After reading the article "Marketing Myopia" by Theodore Levitt: (a) What does it mean to be "myopic"? Provide examples of companies that were "myopic" in their thinking; (b) Provide three (3) takeaways, or things you learned from the article; (c) Does this article and the idea of "marketing myopia" relate to businesses today? Explain.
The term myopic refers to shortsightedness in general and is typically used when speaking of visual impairments. it.Examples of companies that were myopic in their thinking are Kodak and Blockbuster.
Levitt extended the term myopia to the business world in his article “Marketing Myopia.” Marketing Myopia is the failure of companies to realize the need to take a customer-oriented approach, resulting in the company’s loss of its market share. It occurs when a company focuses solely on selling a product rather than a customer’s experience with it.Examples of companies that were myopic in their thinking are Kodak and Blockbuster. Kodak failed to realize the significance of digital photography when it first emerged, and they missed out on a significant market share. Blockbuster is another example of myopic thinking since they failed to realize the shift in the market from physical DVD rentals to online streaming services. These companies put their products ahead of the customer, which ultimately led to their downfall.Three takeaways from the article are:1. Companies should focus on their customers and understand their needs instead of solely focusing on the product.2. When a company becomes too focused on its product, it can lose sight of the market's needs.3. Companies that prioritize their customers are more likely to retain and increase their market share.The article and the concept of Marketing Myopia relate to businesses today because it is still relevant. Companies continue to fall into the trap of myopic thinking, focusing on their products rather than their customers' needs. Companies that prioritize their customers and adjust to their needs can stay ahead of the competition. As a result, businesses must remain customer-focused and adaptable to remain competitive.
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You deposited $2,000 in a savings account that pays 10 percent interest, compounded quarterly, planning to use it to finish your last year in college. Eighteen months later, you decide to go to the Rocky Mountains to become a ski instructor rather than continue in school, so you close out your account. How much money vell you receive?
a. $2.319.39
b. $2,459.50
c. $3.450.05
d. $3,123,10
The total amount of money that you will receive is $2,319.39. Option a is correct.
For calculate the final amount of money you will receive, we can use the formula for compound interest:
A = P(1 + r/n)ⁿᵗ
A = the final amount
P = the principal amount (initial deposit)
r = the annual interest rate (in decimal form)
n = the number of times the interest is compounded per year
t = the number of years
In this case, the principal amount (P) is $2,000, the annual interest rate (r) is 10% (0.10 in decimal form), the interest is compounded quarterly (n = 4), and the time (t) is 18 months, which is equivalent to 1.5 years.
Plugging in the values into the formula, we have:
A = [tex]2000(1 + 0.10/4)^{4 \times 1.5}[/tex]
A = [tex]2000(1 + 0.025)^6[/tex]
A = [tex]2000(1.025)^6[/tex]
A ≈ $2,319.39
Therefore, you will receive approximately $2,319.39, which corresponds to option a).
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Under California law, an employing real estate broker must retain real estate
transaction files -- including scanned/digital files with digital signatures – for a
period of no less than
a. 3 years.
b. 18 months.
c. 1 year.
d. 3 months
California law, employing real estate brokers must keep real estate transaction files, including scanned/digital files with digital signatures, for no less than 3 years.The correct option is (a) 3 years. .
A real estate transaction file is a document that contains all of the records and paperwork related to a real estate transaction, such as purchase agreements, deeds, and inspection reports. These files must be kept by employing real estate brokers in order to protect both the buyer and the seller.The California Department of Real Estate (DRE) regulates the real estate industry in California.
The DRE requires that employing real estate brokers keep all transaction files, including scanned/digital files with digital signatures, for a period of no less than 3 years. Furthermore, the DRE recommends that brokers keep transaction files for up to 5 years to ensure that they have access to them if needed. Failure to comply with the DRE's regulations may result in fines or even the loss of a broker's license.
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research a foreign multinational company and briefly explain
it.
The foreign multinational company that I have researched is Nestle. Nestle is a Swiss multinational company that is based in Vevey, Vaud, Switzerland. Nestle is one of the world's largest food and beverage companies, with operations in 191 countries around the world.
Nestle was founded in 1866 by Henri Nestle, who developed a unique baby formula that would help infants grow and thrive. Nestle is a multinational corporation that specializes in food and beverage production. The company is the world's largest food and beverage company, with a range of products that includes baby food, bottled water, coffee, and confectionery items. Nestle operates in 191 countries around the world and has over 2,000 brands under its umbrella. The company has a strong commitment to sustainable and responsible business practices and is focused on reducing its environmental impact while promoting social and economic development in the communities where it operates.
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Which of the following is not true about the recent
trends in current account balance in the global market? O
A. The United States has run a perennial deficit in the current account balance since 1977, which may create concerns in
the long run. O
B. Countries such as China, Germany, and Japan are examples of countries that has run a perennial surplus in current
account balance.
O
C. The United States has historically recorded a surplus in
services.
D. The United States has also run a perennial deficit in the financial account balance as well as the current account
balance.
One statement that is inaccurate regarding the recent trends in the global market's current account balance is, option C which means that historically, the United States has consistently maintained a surplus in services.
The current account is a constituent part of the balance of payments for a nation.
It is the measure of a country's trade balance in goods and services, as well as net income from foreign investments and net transfer payments.
The assertion that the United States has consistently maintained a surplus in services is incorrect.
In fact, the United States has a chronic current account deficit, which means that it imports more goods and services than it exports.
Since 1977, the United States has run a perpetual deficit in the current account balance, which could create long-term issues.
Countries like China, Germany, and Japan, on the other hand, have historically run a perpetual surplus in current account balance.
The United States has also run a chronic deficit in the financial account balance, in addition to the current account balance.
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State three (3) environmental factors affecting retailers across
the globe since 2020
Explanation:
Air pollution
climate change
infrastructure issues
An NFL defensive lineman has been offered the following contract offers:
Contract A: $1,000,000 signing bonus, $1,000,000 year one salary, $1,100,000 year two salary, $1,200,000 year three salary.
Contract B: $800,000 signing bonus, $900,000 year one salary, $1,000,000 year two salary, $1,100,000 year three salary, $1,200,000 year four salary.
What are the face values of the contracts?
What discount rate would you use to calculate the present value of his contracts? Explain how you decided on the discount rate. Refer to the NFL Contracts Application if you have questions about this step
What is the present value of his contracts? Show your working
What contract should he accept?
The contract that the NFL defensive lineman ought to take is Contract B, which has a $5,000,000 face value and a $3,861,616.71 present value.
The face value of Contract A:
Signing bonus = $1,000,000
Year 1 salary = $1,000,000
Year 2 salary = $1,100,000
Year 3 salary = $1,200,000
Total = $4,300,000
The face value of Contract B:
Signing bonus = $800,000
Year 1 salary = $900,000
Year 2 salary = $1,000,000
Year 3 salary = $1,100,000
Year 4 salary = $1,200,000
Total = $5,000,000
Discount rate:
We would use a discount rate of 5% to calculate the present value of his contracts. A 5% discount rate is used because it represents the risk-free rate of return.
The present value of the contracts:
Contract A:
Sign bonus = $1,000,000
Year 1 salary = $1,000,000 / (1 + 0.05)
Year 2 salary = $1,100,000 / (1 + 0.05)²
Year 3 salary = $1,200,000 / (1 + 0.05)³
Present value of Contract A = $2,984,642.15 (rounded to the nearest penny)
Contract B:
Sign bonus = $800,000
Year 1 salary = $900,000 / (1 + 0.05)
Year 2 salary = $1,000,000 / (1 + 0.05)²
Year 3 salary = $1,100,000 / (1 + 0.05)³
Year 4 salary = $1,200,000 / (1 + 0.05)⁴
Present value of Contract B = $3,861,616.71 (rounded to the nearest penny)
The contract that the NFL defensive lineman should accept is Contract B, which has a face value of $5,000,000 and a present value of $3,861,616.71.
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Consider an industry with 10 companies selling homogeneous products. Production costs are given by Ci(qi) = 10qi (for i = 1, ..., 10) and the market demand function is: P = 120 − Q Where P is the market price and Q is the total quantity sold. Firms compete in quantities.
(a) Find the equilibrium quantities, prices and profits.
(b) The 10 firms in this market try to form a cartel on the monopoly outcome. They would like to engage in collusion by acting as a monopolist (i.e. maximizing total industry profits), and sharing the profits equally between them. In order to sustain the monopoly outcome as a cartel, the firms play the following non-forgiving trigger strategy: play cooperation (i.e. monopoly outcome) in the current period so long as the other firm has cooperated in every previous period and play the Cournot Nash equilibrium if there has ever been a deviation from the monopoly outcome. The firms in this market have an adjusted discount factor Rp = 0.73. Show that a cartel on the monopoly outcome cannot be sustained.
(c) Suppose that firms 8, 9 and 10 merge, bringing the total number of firms in this industry to 8. Compute the post-merger prices, quantities and profits
(d) Show that the merger is detrimental to the merging firms. What features of our model could explain this result?
(e) Show that a cartel on the monopoly outcome can now be sustained by the 8 firms in the post-merger industry? (f) Using your answers in parts (b) and (e), comment on the impact of horizontal mergers on the firms’ ability to form a cartel.
(g) Compute the total per-period efficiency loss due to the merger of firms 8, 9 and 10, and the subsequent formation of the 8-firm cartel.
If the industry is perfectly competitive, then the equilibrium price and quantity are found by equating the market demand curve and the market supply curve. Thus, 1000 – Q = Q or Q = 500. Using this quantity in either the market demand curve or the market supply curve we find that the equilibrium price is $500.
The equilibrium price in economics refers to a scenario where supply and demand are balanced and the values of economic variables do not change in the absence of external factors.
Economic equilibrium in economics refers to a scenario where supply and demand are balanced and the values of economic variables do not change in the absence of external factors.
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A company produces two very similar products that go through a three-step sequence of fabrication, assembly, and packaging. Each step requires one day for a lot to be completely processed and moved to the next department. Processing requirements for the departments (hours per unit) are
In the given problem, a company produces two very similar products that go through a three-step sequence of fabrication, assembly, and packaging.
Each step requires one day for a lot to be completely processed and moved to the next department. Processing requirements for the departments (hours per unit) are:Fabrication: 3 hours per unitAssembly: 2 hours per unitPackaging: 1 hour per unit.
To calculate the number of units completed, we need to calculate the production rate of each stage. The production rate is calculated as follows:Fabrication rate = 8 hours / 3 hours per unit = 2.67 units per dayAssembly rate = 8 hours / 2 hours per unit = 4 units per dayPackaging rate = 8 hours / 1 hour per unit = 8 units per dayThus, if the company produces the same number of products for each stage, then the packaging department will produce the most units, followed by the assembly department, and then the fabrication department. This is because the production rate of the packaging department is the highest among the three departments.
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Suppose production and prices of pizzas and calzones in 1992 and 2022 are as follows: Price of Year Price of pizzas Quantity of pizzas Quantity of calzones calzones 1992 $15 10 $5 20 2022 $30 20 $10 80 (Assume that 1992 is the base year) Note: Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal places. a) Calculate the real GDP for 1992. Real GDP = $0 b) Calculate the real GDP for 2022 Real GDP = $0 c) Calculate the growth in real output over the period. Growth = 0%
a) Calculate the real GDP for 1992.
To calculate the real GDP for 1992, we need to use the base year prices as the reference. In this case, 1992 is the base year. We will use the quantity of pizzas and calzones produced in 1992 and multiply them by the prices of pizzas and calzones in 1992.
Real GDP for 1992 = (Quantity of pizzas in 1992 × Price of pizzas in 1992) + (Quantity of calzones in 1992 × Price of calzones in 1992)
Real GDP for 1992 = (10 pizzas × $15/pizza) + (20 calzones × $5/calzone)
Real GDP for 1992 = $150 + $100
Real GDP for 1992 = $250
Conclusion: The real GDP for 1992 is $250.
b) Calculate the real GDP for 2022.
To calculate the real GDP for 2022, we will use the quantities of pizzas and calzones produced in 2022 and multiply them by the prices of pizzas and calzones in 1992. Since we want to compare the output in 2022 using the base year prices, we assume that the quantity produced in 1992 is the same as the quantity produced in 2022.
Real GDP for 2022 = (Quantity of pizzas in 1992 × Price of pizzas in 2022) + (Quantity of calzones in 1992 × Price of calzones in 2022)
Real GDP for 2022 = (10 pizzas × $30/pizza) + (20 calzones × $10/calzone)
Real GDP for 2022 = $300 + $200
Real GDP for 2022 = $500
Conclusion: The real GDP for 2022 is $500.
c) Calculate the growth in real output over the period.
To calculate the growth in real output over the period, we will compare the real GDP for 2022 with the real GDP for 1992 and calculate the percentage change.
Growth in real output = ((Real GDP for 2022 - Real GDP for 1992) / Real GDP for 1992) × 100
Growth in real output = (($500 - $250) / $250) × 100
Growth in real output = ($250 / $250) × 100
Growth in real output = 1 × 100
Growth in real output = 100%
The growth in real output over the period is 100%.
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Why was Ronald Reagan elected and reelected
President, what were his criticisms of liberal economic and social
programs, and how did he try to alter their course?
Reagan's criticisms of liberal economic and social programs were based on his belief in limited government and individual responsibility. He argued that liberal programs were too expensive and that they created dependency on government.
He also argued that liberal social programs undermined traditional values.Ronald Reagan was elected president in 1980 and reelected in 1984 for a number of reasons, which were:-
Reagan was a charismatic and popular figure. He was known for his strong personality and his ability to connect with voters.
Reagan ran on a platform of change. He promised to reduce the size of government, cut taxes, and increase military spending.
The economy was in a recession in 1980. Many voters were looking for a change, and Reagan promised to improve the economy.
The Democratic incumbent, Jimmy Carter, was unpopular. Carter was blamed for the economic recession and for the Iran hostage crisis.
Reagan tried to alter the course of liberal economic and social programs by cutting taxes, reducing government spending, and deregulating the economy. He also appointed conservative judges to the Supreme Court.
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Companies can try to break out of their existing
mental models by:
a.
hiring people with diverse backgrounds and from other
industries.
b.
engaging in external attribution.
c.
promoting people within the organization. d.
giving every employee the Myers-Briggs Type Indicator test.
e.
engaging in selective attention.
the most effective approaches to break out of existing mental models include hiring diverse talent, seeking external input, promoting individuals with innovative thinking, and actively challenging biases and selective attention.
a. Hiring people with diverse backgrounds and from other industries is an effective way to break out of existing mental models. This brings in fresh perspectives, different ways of thinking, and new ideas that can challenge existing assumptions and encourage innovative thinking.
b. Engaging in external attribution involves seeking external input and feedback from customers, suppliers, industry experts, and other stakeholders. This helps to challenge internal biases and assumptions, allowing for a broader understanding of the market and potential opportunities for change.
c. Promoting people within the organization can also help break out of existing mental models. Employees who have been with the company for a long time may have developed deep-rooted assumptions and ways of thinking. By promoting individuals who have demonstrated the ability to think differently and challenge the status quo, organizations can foster a culture of innovation.
d. Giving every employee the Myers-Briggs Type Indicator test is not a direct method for breaking out of mental models. While personality assessments like Myers-Briggs can provide insights into individual preferences and traits, they do not inherently encourage individuals to challenge existing mental models.
e. Engaging in selective attention, where individuals focus only on information that confirms their existing beliefs and ignore contradictory evidence, can hinder the ability to break out of mental models. Overcoming selective attention requires actively seeking diverse perspectives and considering alternative viewpoints.
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Which one of the following terms applies to an option that has a factory building as its underlying asset?
A. financial option
B. building option
C. stock option
D. real option
The correct option is D. real option. A real option is a type of financial option that gives the holder the right, but not the obligation to make a strategic business decision related to an underlying asset. The underlying asset can be a physical asset (ex- factory building) or it can be a financial asset(ex- stock or bond).
Real options are different from financial options in that they are based on tangible assets and involve strategic business decisions, such as whether to expand a factory or enter a new market. Real options can be used to manage risk, create value, and increase flexibility in decision-making.
In the case of a factory building, a real option could allow the holder to choose whether to expand the factory or sell the building if market conditions change. This option would give the holder the flexibility to make strategic decisions based on changing market conditions, without being locked into a specific course of action.
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What does Booker T. Washington mean by stating that 'The opportunity to earn a dollar is more important than to spend a dollar at an opera house'? Explain the significance of this statement in the context of Booker T. Washington's views on education and economic empowerment.
Booker T. Washington's statement "The opportunity to earn a dollar is more important than to spend a dollar at an opera house" means that working to make a living is more important than spending one's money on luxuries.
This statement reflects Washington's views on education and economic empowerment. Washington believed that education was essential for achieving economic empowerment. He also believed that African Americans should focus on acquiring practical skills and vocational education to become financially self-sufficient.
According to him, it was more important for Black people to learn practical skills that would enable them to earn a living rather than to engage in liberal arts education. The Black community could achieve economic empowerment by establishing businesses and becoming financially self-sufficient.
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As its core beer business faces challenging conditions , Anheuser-Busch is pushing heavily to turn its U.S. beer operations into sustainable ones. The firm stated that it is implementing sustainability efforts that, by 2025, will shift the firm to using 100% renewable energy to manufacturer all of its classics , including Budweiser and Bud Light. This will cut Anheuser -Busch's carbon footprint by 25% This is part of an ongoing effort by the firm. CEO Michel Doukeris stated , It's not something that is new for us. We've been working with sustainability goals for the last several years. As a matter of fact, we set some goals for 2020 which we achieved all of them ahead of schedule . So we are now raising the bar and coming up with these new 2025 sustainability goals," Doukeris told FOX Business in an exclusive interview . As part of this push, the brewer announced that it has ordered 40 of Tesla's new electric semi-trucks at the estimated price tag of $ 150,000 to 200,000 each in an effort to reduce its supply chain emissions . While these efforts are socially responsible and are simply the right thing to do according to firm leaders, they also may help the firm position itself with younger consumers who are increasingly concerned about the environmental impact of products they purchase . Source: Sciopini , J. 2018 Anheuser -Busch to turn its beers "green". foxbusiness.com . April 17: np .
Discussion Question 16: In what other ways cam game manufacturers increase their differentiation ?
Anheuser-Busch is implementing sustainability efforts to shift its U.S. beer operations to using 100% renewable energy by 2025, which will cut its carbon footprint by 25%.
Renewable Energy Goal: Anheuser-Busch aims to use 100% renewable energy for manufacturing all its classics, including Budweiser and Bud Light, by 2025. This commitment demonstrates the company's dedication to reducing its reliance on fossil fuels and transitioning to sustainable energy sources.
Carbon Footprint Reduction: The company expects this shift to renewable energy to reduce its carbon footprint by 25%. While the exact calculation method is not provided, the reduction is likely based on a comparison between the carbon emissions associated with the current energy sources used and the anticipated emissions from renewable energy.
Achieving Previous Sustainability Goals: Anheuser-Busch's CEO, Michel Doukeris, mentioned that the company had previously set sustainability goals for 2020, which were achieved ahead of schedule. However, specific details about these goals and the extent to which they were accomplished are not provided.
Electric Semi-Trucks: As part of its efforts to reduce supply chain emissions, Anheuser-Busch has ordered 40 of Tesla's new electric semi-trucks. These trucks are expected to contribute to lower emissions during transportation compared to traditional diesel-powered trucks. The estimated price range for each truck is $150,000 to $200,000.
Anheuser-Busch is making significant sustainability efforts in its beer operations, aiming to transition to 100% renewable energy by 2025, reduce its carbon footprint by 25%, and invest in electric semi-trucks to decrease supply chain emissions. These initiatives not only align with the company's long-standing commitment to sustainability but also cater to the increasing concerns of younger consumers who prioritize environmentally friendly products.
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table below shows the number of hours needed to produce one bushel of soybeans and one bushel of rice in each of two countries. which of the following statements must be true?
a japan has both the absolute and comparative advantage in producing soybeans.
b the u.s. has both the absolute and comparative advantage in producing rice.
c the u.s. has both the absolute and comparative advantage in producing soybeans.
d japan has the absolute advantage in producing soybeans and the comparative advantage in producing rice.
e japan has both the absolute and comparative advantage in producing rice.
The following statement is true: c. The U.S. has both the absolute and comparative advantage in producing soybeans.
Given, The table below shows the number of hours needed to produce one bushel of soybeans and one bushel of rice in each of two countries. Country Soybeans Rice United States45Japan68According to the table given above, the United States has an absolute and comparative advantage in producing soybeans, and Japan has the absolute advantage in producing rice and the comparative advantage in producing soybeans. The concept of comparative advantage suggests that a country should produce a good or service if the opportunity cost of producing that good or service is lower than the opportunity cost of producing that same good or service in another country.
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The Finishing Department transferred out completed units with a cost of $74,000. This transfer should be recorded with the following entry Account Title Credit Finished Goode Inventory Debit 74,000 Work in Process Inventory-Finishing 74,000 True or False
False.The Finishing Department transferred out completed units with a cost of $74,000.
This transfer should be recorded with the following entry Account Title Credit Finished Goode Inventory Debit 74,000 Work in Process Inventory-Finishing 74,000
The entry to record the transfer of completed units from the Finishing Department would be:
Debit: Finished Goods Inventory $74,000Credit: Work in Process Inventory - Finishing $74,000
This entry reflects the transfer of completed units from the work in process inventory (Finishing Department) to the finished goods inventory.
goods inventory is debited to increase its value, while the work in process inventory - Finishing is credited to reduce its value.
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How does the negotiation between employer and trained employees
reduce job turnover even when the firm is facing with an unexpected
drop in its output demand?
Negotiation between employers and trained employees reduces job turnover during an unexpected drop in output demand by allowing for flexible arrangements such as reduced work hours, temporary layoffs, or reassignment to different tasks, which helps retain skilled employees and maintain workforce stability.
When a firm faces an unexpected drop in output demand, it may need to make cost-cutting measures, including layoffs or downsizing. However, through negotiation with trained employees, alternative arrangements can be made to mitigate job losses. This could involve offering reduced work hours or temporary layoffs instead of permanent job termination. By maintaining a dialogue and engaging in negotiations, employers can demonstrate their commitment to the well-being of their employees and seek mutually beneficial solutions. This helps retain skilled workers who have already received training and reduces the turnover rate, preserving valuable human capital for the firm. Additionally, retaining trained employees during a downturn allows for a smoother transition when the demand rebounds, avoiding the need for costly recruitment and retraining processes.
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Which of the following would shift the supply curve for Australian dollars rightward? a. Increase in Australian demand for imports b. Rise in the expected future exchange rate for Australian dollars c. Increase in world demand for Australian exports d. Rise in Australian interest relative to China's.
The factors that would shift the supply curve for Australian dollars rightward are a rise in the expected future exchange rate for Australian dollars and an increase in world demand for Australian exports. These factors would result in an increased supply of Australian dollars in the foreign exchange market.
Conversely, an increase in Australian demand for imports and a rise in Australian interest relative to China's would not directly impact the supply curve for Australian dollars. Understanding these factors is crucial for analyzing the dynamics of currency markets and their effects on exchange rates.
A rise in the expected future exchange rate for Australian dollars would shift the supply curve for Australian dollars rightward. This means that individuals and businesses would be more willing to sell Australian dollars in anticipation of a higher exchange rate in the future. Similarly, an increase in world demand for Australian exports would also shift the supply curve rightward. As the demand for Australian goods and services from other countries grows, there will be an increased supply of Australian dollars as businesses and individuals convert foreign currencies into Australian dollars.
On the other hand, an increase in Australian demand for imports would not directly impact the supply curve for Australian dollars. This factor relates to the demand for foreign currencies rather than the supply of Australian dollars. Additionally, a rise in Australian interest relative to China's would not directly affect the supply curve for Australian dollars. Changes in interest rates generally impact capital flows and may influence exchange rates but do not directly affect the supply of a specific currency.
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In southern California a photovoltaic (PV) system for a certain home costs $27,000 for parts and instalation. This 65 KW system requires 370 t of rooftop space and has an estimated e of 15 years a. If this PV system saves $200 each month in electricity expenses, what is the simple payback period in months? b. If the market value of the PV system is negligible, what is the system's IRR?
To calculate the simple payback period for the PV system, we need to determine the time it takes for the total savings from electricity expenses to equal the initial cost of the system.
a. Simple Payback Period:
The total cost of the PV system is $27,000. The system saves $200 each month in electricity expenses.
Simple Payback Period = Total Cost / Monthly Savings
Simple Payback Period = $27,000 / $200 per month
Simple Payback Period = 135 months
Therefore, the simple payback period for the PV system is 135 months.
b. To calculate the system's Internal Rate of Return (IRR), we need to consider the net cash flows generated by the system over its estimated life of 15 years (180 months). Since the market value of the PV system is negligible, we only need to consider the savings from electricity expenses.
The cash flow per month is $200 (savings in electricity expenses). The initial investment is $27,000.
Using financial analysis tools, such as a financial calculator or a spreadsheet program, we can calculate the IRR. By discounting the monthly cash flows and finding the rate at which the net present value (NPV) becomes zero, we can determine the IRR.
Based on the given information, we can calculate the IRR using a financial calculator or a spreadsheet program. However, without the exact timing and cash flow details for each period, it is not possible to provide an accurate IRR value in this scenario.
To calculate the IRR, you would need to determine the exact timing and cash flow amounts for each period, including any additional costs or revenues associated with the PV system over its estimated life.
Please note that the IRR calculation also assumes that the savings from electricity expenses are reinvested at the same rate of return as the IRR itself.
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Organizational citizenship behaviors are____likely to occur when employees likely when employees are highly satisfied. Counterproductive work behaviors are____ likely when employees are highly satisfied. a. More, less b. More, more c. Less, less d. Less, more One day you look around at your organization and notice that everyone looks the same. You decide to talk to your manager, and your manager says "the company might not be very diverse to you, but I see a lot of diversity in our skillsets." You do not see much ______ diversity, but your manager sees a lot of____ diversity. a. Negative, positive b. Surface-level, deep-level c. Deep-level, surface-level d. Positive, negative
Organizational citizenship behaviors (OCBs) are more likely to occur when employees are highly satisfied. OCBs refer to discretionary behaviors that go beyond formal job requirements and contribute to the overall functioning and effectiveness of the organization.
When employees are highly satisfied with their work and organization, they tend to feel a stronger sense of commitment and engagement, leading them to exhibit behaviors that support the organization's goals voluntarily.
On the other hand, counterproductive work behaviors (CWBs) are less likely to occur when employees are highly satisfied. CWBs are actions or behaviors that can harm the organization or its members, such as absenteeism, sabotage, or workplace aggression. When employees are highly satisfied, they typically experience higher levels of job involvement, commitment, and positive emotional states, which reduces the likelihood of engaging in behaviors that undermine the organization's functioning.
Regarding the second question, the statement indicates a difference in perception between the employee and the manager regarding diversity . The employee does not perceive much diversity in terms of the workforce's demographics, while the manager emphasizes diversity in skillsets.
The would be:
The employee does not see much surface-level diversity, but the manager sees a lot of deep-level diversity.Surface-level diversity refers to visible attributes such as age, gender, ethnicity, or physical appearance. The employee's observation suggests that the workforce lacks diversity in terms of these visible characteristics.
Deep-level diversity, on the other hand, refers to differences in attitudes, values, beliefs, and skills. The manager highlights the diversity in skillsets, suggesting that there is a variety of knowledge, expertise, and abilities among the employees, even if they may not appear diverse in terms of surface-level characteristics.
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In 2021, Southwestern Corporation completed the treasury stock transactions listed below. February 2: Reacquired 62,000 shares at $11.20. March 17: Sold 12,000 shares at $13.60. 17: Sold 17,000 shares at $7.60. May Southwestern had issued 100,000 shares of its $1 par common stock for $10 several months ago. Required: Prepare the journal entries to record the above transactions, using the cost method.
Feb 2: Treasury Stock (Debit) - $697,600, Cash (Credit) - $697,600; Mar 17: Cash (Debit) - $163,200, Treasury Stock (Credit) - $134,400, Additional Paid-in Capital - Treasury Stock (Credit) - $28,800; May: No journal entry is required for this transaction.
To record the treasury stock transactions using the cost method, we follow the principle that the treasury shares are initially recorded at their acquisition cost and subsequent sales are recorded at their original cost.
On February 2, Southwestern Corporation reacquired 62,000 shares at $11.20. The journal entry records an increase in the Treasury Stock account for the cost of the shares reacquired and a decrease in Cash.
On March 17, the company sold 12,000 shares at $13.60. The journal entry reflects a decrease in Cash for the sales proceeds, a decrease in Treasury Stock for the original cost of the shares sold, and an increase in Additional Paid-in Capital - Treasury Stock to maintain the equity balance.
Similarly, on March 17, Southwestern Corporation sold an additional 17,000 treasury shares at $7.60. The journal entry includes a decrease in Cash, a decrease in Treasury Stock, and an increase in Additional Paid-in Capital - Treasury Stock.
No specific transaction is mentioned for May, indicating that there were no further treasury stock transactions during that period.
Therefore, the journal entries for the treasury stock transactions using the cost method accurately reflect the acquisition, subsequent sales, and impact on equity accounts. The cost method ensures that treasury shares are recorded at their original cost and any gains or losses are not recognized until the shares are fully retired.
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Calculating interest rates he real risk-free rate (r*) is 2.8% and is expected to remain constant. Inflation is expected to be 7% per year for each of the next four years and 6% hereafter. he maturity
The real risk-free rate is 2.8%, and inflation is expected to be 7% per year for the next four years and 6% thereafter.
The given information states that the real risk-free rate is 2.8%, which represents the rate of return adjusted for inflation. Inflation is expected to be 7% per year for the next four years and then decrease to 6% thereafter. This implies that the nominal interest rate will be the sum of the real risk-free rate and the expected inflation rate.
Therefore, in the next four years, the nominal interest rate will be 9.8% (2.8% + 7%), and thereafter it will be 8.8% (2.8% + 6%). These rates are used to calculate the appropriate interest rates for investment and borrowing decisions.
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Solve. Sales of frozen pizza for a club fund-raiser increased from 500 one year to 685 the next year. What was the percent of increase?
The percent of the increase in the sales of frozen pizza for a club fund-raiser is 37%.
Given that the sales of frozen pizza for a club fund-raiser increased from 500 one year to 685 the next year. We need to find the percentage of increase.
Solution: To find the percentage increase, we need to follow these steps: First, find the difference between two numbers, Difference = New number - Old number second, divide the difference by the old number, Percentage increase = (Difference / Old number) × 100. Substitute the values in the above formula. Difference = 685 - 500 = 185. Old number = 500. Hence, Percentage increase = (Difference / Old number) × 100= (185 / 500) × 100= 37%.Hence, the percent of the increase in the sales of frozen pizza for a club fund-raiser is 37%.
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DISCUSSION
Please discuss the question below with evidence from the case study, and try to relate your discussion to marketing concepts/theories you have learned so far in this course. You might support your reasoning with external sources if needed.
QUESTION: Among 4P’s of the marketing mix, which P contributes the most to the success of Miniso in your point of view? Explain
How variety stores of MINISO became a mega-success?
Miniso has been originated as a famous global retail chain founded by famous Chinese designer - Ye Guo Fu. How has Miniso applied its marketing strategies to achieve rapid growth during the
past 7 years?
The marketing mix
China is considered the "main market" of Miniso. However, this brand quickly opened and signed contracts with thousands of stores around the world. On average, about 80 to 100 stores are opened every month, such an amazing growth rate. Miniso is committed to bringing "high quality with innovation, low price" products to consumers. And indeed, Miniso's products are simple, of good quality, and always follow global fashion trends. Most of the products are priced at 10 yuan and aimed at middle-income customers between the ages of 18 and 35.
At a time when the global retail industry was facing signs of slowing down, Miniso opened 1600 stores worldwide in 2 years and hit a huge revenue of 10 billion yuan in 2016. With the impact of
digital technology and the wave of e-commerce, the sales of the retail industry are declining seriously year by year, but Miniso has become a shining star thanks to the application of the perfect marketing mix strategy.
Product
Miniso's products are designed to be simple but essential. The main designer of Miniso, Mr. Mitsuzaku, is a graduate of the Japan Academy of Fashion Culture. His design style is famous for simplicity, naturalness, and diversity. This shows attention to the tangible benefits of consumers. In addition, Miniso's products are mainly for life and entertainment, including a vast number of product categories ranging from healthcare products, beauty products, fashion decorations, office
supplies, to souvenirs, etc. Each product is developed from the user's point of view, focusing on product rationality and durability in use.
Price
"A premium but low price" is Miniso's competitive strategy. Among the more than 3000 kinds of goods, the product prices start from 10 yuan, and are of the same quality but cheaper than competitor products in the market. Miniso's secret is "low cost, low-profit margin and low price". First, Miniso usually makes large classifies products and their prices on a scale from 10 to 100. This method of price positioning grants consumers many options that serve their different needs.
Place
Most of the goods in the market follow the traditional retail that is through the chain of manufacturers - agents - wholesalers - retailers, and thus makes the price of goods more expensive. Understanding the scene, Miniso has considered and selected distribution channels that bring the most benefits and the most profits. Miniso divides its distribution channel into direct and indirect ones, according to whether the products are distributed through intermediations. A direct sales channel applies an integrated management method of production and marketing, in which it transfers products from the production domain to the consumption domain without going through any intermediaries.
However, this method consumes more investment capital, space, and human resources.
Promotion
Miniso regularly offers promotions and discounts to attract consumers. "Voucher" is considered a brilliant marketing method of Miniso. In addition, Miniso knows how to increase brand coverage by densely promoting their discounts on billboards at cinemas, crowded streets, cafes, apartments... on every promotion occasion to stimulate consumer demand.
In my opinion, among the 4P's of the marketing mix, the product contributes the most to the success of Miniso. Miniso's success can be attributed to its focus on creating simple, and high-quality products that align with global fashion trends.
The products are designed with attention to tangible benefits and developed from the user's perspective, emphasizing product rationality and durability. This approach resonates with consumers, especially the target market of middle-income customers between the ages of 18 and 35.
The success of Miniso's product strategy is consistent with marketing concepts such as customer value and product differentiation. By offering a wide range of product categories and ensuring high quality at affordable prices, Miniso provides customers with value for their money. The emphasis on simplicity and naturalness in product design aligns with the concept of minimalism, which has gained popularity among consumers seeking clutter-free and functional products.
Furthermore, Miniso's competitive pricing strategy, another element of the marketing mix, supports the success of its products. By offering products at low prices compared to competitors, Miniso attracts price-conscious customers and creates a perception of value for its offerings.
While the other elements of the marketing mix, such as place and promotion, also contribute to Miniso's success, the product itself stands out as the key driver. The emphasis on product quality, design, and affordability has enabled Miniso to differentiate itself in the market and build a strong brand image.
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Q4. (a) According to Cahan et al. (2005) higher executive pay is
more likely when
i. Executives do not have a vote on the board
ii. Board members are internally appointed
iii. Board members are extern
According to Cahan et al. (2005), higher executive pay is more likely when board members are internally appointed. Therefore, option ii is the correct answer.
The study conducted by Cahan et al. (2005) analyzed the correlation between internal and external appointment of board members and executive pay. According to their findings, boards that are internally appointed tend to have higher executive pay than boards that are externally appointed. This may be because internal board members tend to have closer ties to the executives and are more likely to approve of higher pay levels.
There is no mention in the study of whether executives have a vote on the board or not. Similarly, the external appointment of board members is not found to be associated with higher executive pay. Therefore, the correct option to the question is ii. Board members are internally appointed.
Complete question:
(a) According to Cahan et al. (2005) higher executive pay is more likely when
i. Executives do not have a vote on the board
ii. Board members are internally appointed
iii. Board members are externally appointed
iv. Company has demonstrated a profit to shareholders
v. Independent assessment is sought
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Collison and Ryder Company (C&R) has been experiencing declining market conditions for its sportswear division. Management decided to test the assets of the division for possible impairment. The test revealed the following: book value of division's assets, $29.5 million; fair value of division's assets, $22.5 million; undiscounted sum of estimated future cash flows generated from the division's assets, $30.2 million. What amount of impairment loss should C&R recognize?
Collison and Ryder Company (C&R) should recognize an impairment loss of $7 million for its sportswear division. This loss is calculated by comparing the fair value of the division's assets to their carrying value.
Impairment loss is recognized when the carrying value of an asset exceeds its fair value. In this case, the book value of the sportswear division's assets is $29.5 million, while their fair value is $22.5 million. Since the fair value is lower than the carrying value, an impairment loss needs to be recognized.
The impairment loss is calculated as the difference between the carrying value and the fair value. In this case, it is $29.5 million - $22.5 million = $7 million. This means that C&R should recognize an impairment loss of $7 million for its sportswear division.
It's worth noting that the undiscounted sum of estimated future cash flows generated from the division's assets is $30.2 million, which is higher than the fair value. However, impairment loss is based on the fair value, not the estimated future cash flows.
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Tom Gifford is 40 years old and is making $85,000 per year working in Four Corners Corporation. Through savings and the receipt of a small inheritance, Tom has accumulated a portfolio valued at $50,000. Tom wants to estimate the returns on his portfolio in the next year if he either (a) kept everything in his current portfolio as is or (b) started investing in a more aggressive portfolio strategy. Tom estimates that he will invest 6% of his annual salary in this portfolio in the next year. Tom believes that his current portfolio strategy will have a return of 7% annually in the next year. Tom also estimates that a more aggressive portfolio strategy will give an annual return of 11%. Tom also has a good reason to believe that his salary will increase by 5% in the beginning of the next year. 1. Calculate the total return on Tom's current portfolio strategy for the next year if everything goes according to what he estimated above. (Hint: Use a simple calculation for the total return where the return is a % of the total amount invested in the following year (le, portion of salary invested plus the current portfolio amount). That is, Total Return = Total Invested Annual Return from Portfolio) 2. Calculate the total return on Tom's aggressive portfolio strategy for the next year if everything goes according to what he estimated above. 3. According to these calculations, which investment strategy is better in terms of returns? Tom talks to Kate from Human Resources about these estimates. Although Kate was pleased with Tom's calculations, she voiced several criticisms. One was the assumption of a constant salary growth rate. She noted that most employees experience some variation in the annual salary growth rate from year to year. The previous or current year's salary growth rate is not usually the same as the next year's salary growth rate. In addition, she pointed out that the constant annual portfolio growth rate was unrealistic and that the actual growth rate would vary considerably from year to year. Additionally, the more aggressive portfolio strategies also have the most risk associated with them as they have a greater variation from year to year in their returns. She suggested that a simulation model for the portfolio projection might allow Tom to account for the random variability in the salary growth rate and the portfolio growth rate. After some research, Tom and Kate decided to assume that the annual salary growth rate would vary from 0% to 5% and that a uniform probability distribution would provide a realistic approximation. Four Corners' accountants suggested that the annual portfolio growth rate for his current strategy could be approximated by the normal probability distribution with a mean of 7% and a standard deviation of 2%. The annual portfolio growth rate for the more aggressive strategy could be approximated by the normal probability distribution with a mean of 11% and a standard deviation of 6%. With this information, Tom set off to re-design his calculations using simulations. Run 1000 simulations for the total returns on Tom's current portfolio and the more aggressive portfolio using the above information on the random variability in salary growth rate and the portfolio growth rates. 4. Re-calculate the mean, maximum and minimum total return on Tom's current portfolio strategy for the next year using simulations. 5. Re-calculate the mean, maximum and minimum total return on Tom's aggressive portfolio strategy for the next year using simulations. 6. According to these calculations, which investment strategy is better in terms of returns and risk? 7. What recommendations do you have for employees with a current profile similar to Tom's after seeing the impact of the uncertainty in the annual salary growth rate and the annual portfolio growth rate?
Salary of Tom next year = $85000 * 105% = $89250
Portion of salary invested = $89250 * 6% = $5355
Current portfolio amount = $50000
Total invested = $50,000 + $5,355 = $55,355
Total return on current portfolio strategy
= Total Invested * Annual Return from Portfolio
= $55,355 * 7% = $3874.85
Owning a stock, bond, or other financial instrument as part of a portfolio involves the hope that it will generate income, increase in value over time, or both. In contrast to direct investment, which requires an active management role, it comprises hands-off or passive ownership of assets.
Purchasing financial assets with the goal of keeping them for a long period and doing so because of their long-term growth potential, income yield, or both, is known as strategic investment.
The word "portfolio investments" refers to a variety of asset types, such as equities, corporate and government bonds, real estate investment trusts (REITs), mutual funds, exchange-traded funds (ETFs), and bank certificates of deposit.
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