Sample standard deviation for talk time: \(s1 = 7.939\)Sample standard deviation for Internet use: \(s2 = 4.277\). Both values are rounded to 2 decimals.
What is the population variances?a. The hypotheses about the two population variances can be formulated as:
\(Ha: \sigma1^2 > \sigma2^2\)
\(Ha: \sigma1^2 > \sigma2^2\)
Where 12 denotes the population variance for talk-time-based primary usage of the battery between charges and 22 denotes the population variance for Internet application-based primary use of the battery between charges.
b. The standard deviations of battery life for the two samples are:
Sample standard deviation for talk time:
\(s1 = 7.939\)
Sample standard deviation for Internet use:
\(s2 = 4.277\)
\(s2 = 4.277\)
\(s2 = 4.277\)
Therefore, Both values are rounded to 2 decimals.
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g A company's beginning Work in Process inventory consisted of 26,000 units that were 80% complete with respect to direct labor. A total of 96,000 were finished during the period and 31,000 remaining in Work in Process inventory were 50% complete with respect to direct labor at the end of the period. Using the weighted-average method, the equivalent units of production with regard to direct labor were: Group of answer choices 132,300 82,000. 63,500. 96,000. 111,500.
Answer:
Option e (111,500) is the correct answer.
Explanation:
The given values are:
The finished units during the period
= 96,000
Remaining units
= 31,000
Now,
The ending work in process will be:
= \(31000\times 50 \ percent\)
= \(31000\times 0.5\)
= \(15500\)
Hence,
Equivalent units for direct labor will be:
= \(Finished \ units+Ending \ work \ in \ process\)
= \(96000+15500\)
= \(111,500\)
why does a venue require an F&B minimum
HELP HELP HELP 10 POINTS HURRY ASP AHHH
Market research can help you strategize your _______ and _______ goals.
Primary research is more _______ than secondary research.
Your first marketing priority is to find out if you can _______ your product or services.
The grouping of people for marketing purposes is called _______.
Once you find out what people want, there’s a need to know the _______ for their choices.
Market research can help you strategize your business and marketing goals.
Primary research is more specific and tailored to your specific needs than secondary research.
Your first marketing priority is to find out if you can sell your product or services.
The grouping of people for marketing purposes is called segmentation.
Once you find out what people want, there's a need to know the motivations for their choices.
Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.
By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.
Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.
While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.
When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.
Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.
Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.
By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.
Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.
By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.
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How does low unemployment affect international trade?
Answer:
Impact of international trade on unemployment
In a relatively skill-abundant country, international trade increases the relative price of the skill-intensive products. This reduces the unemployment rate of skilled workers and increases the unemployment rate of unskilled workers.
Explanation:
Blossom Corporation’s balance sheet at the end of 2019 included the following items.
Current assets (Cash $82,000) $236,770 Current liabilities $151,770
Land 31,770 Bonds payable 101,770
Buildings 121,770 Common stock 181,770
Equipment 91,770 Retained earnings 45,770
Accum. depr.-buildings (31,770 ) Total $481,080
Accum. depr.-equipment (11,000 )
Patents 41,770
Total $481,080
The following information is available for 2020.
1. Net income was $55,870.
2. Equipment (cost $21,770 and accumulated depreciation $9,770) was sold for $11,770.
3. Depreciation expense was $5,770 on the building and $10,770 on equipment.
4. Patent amortization was $2,500.
5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,770.
6. An addition to the building was completed at a cost of $28,770.
7. A long-term investment in stock was purchased for $16,000.
8. Bonds payable of $51,770 were issued.
9. Cash dividends of $30,000 were declared and paid.
10. Treasury stock was purchased at a cost of $11,000.
Prepare a statement of cash flows for 2020. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Prepare a balance sheet at December 31, 2020. (Show only totals for current assets and current liabilities.) (List Property, Plant and Equipment in order of Land, Building and Equipment.)
Thanks in advance!
The preparation of a statement of cash flows and balance sheet for 2020 for Blossom Corporation is as follows:
1. BlossomCorporation Corporation
Statement of Cash FlowsFor the year ended December 31, 2020
Operating Activities:Net Income $55,870
Add Non-Cash Expense:
Loss from sale of equipment 230
Depreciation Expenses 16,540
Amortization Expense 2,500
Adjusted cash $75,140
Changes in working capital:
Increase in current assets (29,000)
Increase in current liabilities 14,770
Cash from operations $60,910
Investment Activities:Sale of equipment $11,770
Building cost (28,770)
Investment in stock (16,000)
Cash from investments ($33,000)
Financing Activities:Bonds payable $51,770
Dividends payment (30,000)
Treasury stock (11,000)
Cash from financing $10,770
Net cash flow $38,680
2. Blossom Corporation
Balance Sheet at the end of 2020Current assets $304,450
Land $31,770
Buildigs $150,540
Equipment $70,000
Accum. depr.-buildings ($37,540)
Accum. depr.-equipment ($12,000)
Long-term stock investment 16,000
Patents 41,770
Amortization of Patents (2,500)
Total assets $562,490
Current liabilities $166,540
Bonds payable $153,540
Common stock $170,770
Retained earnings $71,640
Total liabilities + Equity $562,490
What are Statements of Cash Flows and Balance Sheets?Statements of cash flows and balance sheets are two of the main financial statements prepared periodically by an entity.
The statement of cash flows shows the cash flows from operating, investing, and financial activities.
The balance sheet shows the financial position (assets, liabilities, and equity) of an entity at a point.
Data and Calculations:Blossom Corporation
Balance Sheet at the end of 2019Current assets
(Cash $82,000) $236,770 Current liabilities $151,770
Land 31,770 Bonds payable 101,770
Buildings 121,770 Common stock 181,770
Equipment 91,770 Retained earnings 45,770
Accum. depr.-buildings (31,770 ) Total $481,080
Accum. depr.-equipment (11,000 )
Patents 41,770
Total $481,080
Ending Cash balance = $120,680 ($82,000 + 38,680)
Current assets = $304,450 (236,770 + $29,000 + $38,680)
Land = $31,770
Buildigs = $150,540 ($121,770 + $28,770)
Equipment = $70,000 ($91,770 - $21,770)
Accum. depr.-buildings = $37,540 (31,770 + 5,770)
Accum. depr.-equipment = $12,000 (11,000 - 9,770 + 10,770)
Long-term stock investment 16,000
Patents 41,770
Amortization of Patents (2,500)
Current liabilities $166,540 (151,770 + 14,770)
Bonds payable $153,540 (101,770 + 51,770)
Common stock $170,770 (181,770 - 11,000)
Retained earnings $71,640 (45,770 + $55,870 - 30,000)
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D'Unique Enterprise, a company that manufactures hair growth oil is preparing for its upcoming financial year (2021). D’Unique' is seeking a loan from JNT Bank to purchase equipment that will be used to package the oils in anticipation of sales. The loans officer at the bank requesting the company's upcoming financial year's budget to assess their cash position to repay the loan The following information was used torrepare the master budget for D’Unique Enterprise: A. Sales/Collection Sales unit in the fourth quarter of 2020 will be 2500 units and is expected to increase by 500 units over each quarter in 2021. Selling price is $60 per unit. All sales are on account. Management expects future sales collection to follow past experiences. Customers pay 60% in the quarter of sales and 40% in the quarter following sales. Accounts receivable for December 31, 2020 is expected to be $60,000. B. Production To reduce the risk of a stock-out or idle time, D'Unique Co. has maintained an ending inventory policy of 20\% of the following quarter's sales unit. C. Direct material Each bottle of hair growth oil requires four ounces of liquid which cost $3.50 per ounce. The company wants to maintain an ending inventory of raw materials equal to 10\% of the next quarter's production requirements. Ending inventory of raw material for the fourth quarter of 2020 will be 1,520 ounces. Payments to suppliers for the purchase of direct material are done in two tranches - 70% in the quarter of purchase and 30% the quarter following purchase. Accounts payable of $10,600 at December 31, 2020, is expected to be paid in full in the first quarter of 2021. D. Direct Labour The standard wages rate of direct labour is $10.00 per hour.
Economic decision making is the process of choosing _____
a. how to use your income.
b. which needs and wants will be satisfied.
c. whether to buy products now or later.
d. how to spend your time.
The process of deciding which requirements and wants will be satisfied is known as economic decision-making.
Economic decisions are made in order to accomplish a number of objectives. Despite their differences, all economic decisions share the same trait: they all contain rewards and costs. Decision-makers are interested in figuring out how much they must sacrifice or yield in order to get something else that is thought to be better (benefit). Benefits are everything that is received that is seen advantageous or for the good of a person or thing, whereas sacrifices are anything that is given up or the using up of something cherished or valuable. As a result, whatever given or received, including in each case missed possibilities, is regarded as a sacrifice or benefit.
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what is goal formulation?? explain the goal formulation process
Answer:
Goal formation is a process of how a goal is initiated or added to, while goal displacement is a process whereby goals are shifted out, changed, toned down or removed from the original set.
bonita industries sells 9350 units of product a and 7650 units of product b annually. the sales mix for product a is
Product A's sales mix is 55%.The ratio of each product that a company sells in relation to overall sales is calculated using the sales mix.
What exactly does "sales mix" mean?Because some items or services can be more valuable than others, the sales mix is important because it can affect a company's earnings. A software corporation might market three product lines, for instance. The sales director for the company may forecast that in the coming year, 50% of sales may originate from Product A, 30% from Product B, and 20% from Item C. The revenue mix ratio is now 50-30-20.
Sales mix = 9350/(9350+7650)
= 0.55*100=55%
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if the price level is set at 35 margin points what percentage will be on each unit sold
if the price level is set at 35 margin points 35 percent will be on each unit sold
This is further explained below.
What are margin points?Generally, The amount by which an item is being sold for more than its cost price is referred to as margin points, and each point indicates a percentage of the total.
When it is mentioned that a product is being sold at a margin of 35 points, this indicates that the price at which the product is being sold is 35% more than the price at which it was produced.
In conclusion, If you wish to make a profit of 35 percentage points on the sale of a product and its purchasing price was $40, then your selling price should be:
= 40 * (1 + 35%)
= $54
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First, explain the overall market and market characteristics that best align with the company or business at which you are employed. Explain why to fully support your answer. Second, does the company or business where you work have characteristics of more than one market (e.g., both oligopoly and monopolistic competition)
Answer: Market is a place where sellers meet buyers and buyers meet sellers. Sellers come to advertise what they are trading, buyers come to buy what they need or want
Explanation:
Market is a place where sellers meet buyers and buyers meet sellers. Sellers come to advertise what they are trading, buyers come to buy what they need or want. My company in this case study is an industrial company(that sells pumps, Industrial consumables), and most times we don't actually have a place where we go to sample our products except for exhibitions. What we do most times to sell our products is to reach out to our clients through social media, television and radio ads, going to them for presentations. It is oligopoly kind of business, meaning they are competitions and we have a few firms that dominate the market, so we have to brand ourselves very well in performance and competency to beat the competition.
Marriage between individuals who have similar social characteristics
Homogamy is the marriage between individuals who have similar social characteristics.
What is homogamy?Homogamy is the practice that involves individuals marrying each other because they have similar characteristics. It involves marriage between individuals who are, in some culturally important way, similar to each other.
The similar characteristics in homogamy include:
Race/ethnicityReligious backgroundAgeEucation backgroundSocial backgroundTherefore, marriage between individuals who have similar social characteristics is know as homogamy.
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Earley Corporation issued perpetual preferred stock with an 8% annual dividend. The stock currently yields 7%, and its par value is $100. Round your answers to the nearest cent. What is the stock's value
Answer:
$114.29
Explanation:
Calculation to determine the stock's value
Using this formula
Stock's value=Annual Dividend /Yield or Rate of return
Let plug in the formula
Stock's value=$8/7%
Stock's value=$114.29
Therefore the stock's valuewill be $114.29
This is a good question to ask during an interview A) How many vacation days do I get? B) What kind of products or services do you provide? C) How many hours of training will I need? D) None of the above
Answer:
C) How many hours of training will I need?
causes of wage rigidity
Answer:
According to the Efficiency-wage theories: High wages paid to the workers' make them more productive, therefore, the firms are reluctant or fail to decrease wages despite of an excess supply of labour.
The managing director of top dog companies
Answer:
What???
Explanation:
Jens-Peter Clausen. Managing Director and DE GmbH Partner.
Katrin Clausen. Manager.
Im not sure if my answer is right ▪_▪
In response to Iraq’s invasion of Kuwait in 1990, the United States and its allies-imposed trade and financial sanctions on Iraq. Imports of Iraqi oil were terminated as were exports of machinery, parts, and the like, to Iraq. Bank loans to Iraq and business investment in Iraq were also curtailed. Illustrate the effects of the economic sanctions on Iraq’s production possibilities curve for textiles and oil. Under what conditions would the sanctions have been most likely to cause Iraq to withdraw from Kuwait?
The economic sanctions imposed on Iraq in response to its invasion of Kuwait in 1990 had significant effects on Iraq's production possibilities curve for textiles and oil.
The production possibilities curve (PPC) represents the maximum combination of goods or services an economy can produce given its resources and technology.
How did it effect?Textiles:
The sanctions would have negatively impacted Iraq's textile industry. The termination of imports of machinery, parts, and related goods would have limited Iraq's ability to upgrade and modernize its textile manufacturing capabilities. This could lead to a decline in textile production, as outdated machinery and technology would hinder efficiency and quality.Oil:
Iraq heavily relies on oil exports for revenue, and the sanctions had a severe impact on its oil industry. The termination of oil exports severely limited Iraq's ability to generate income and access foreign markets. The lack of investment and technology due to curtailed business activities would have hindered oil exploration, extraction, and production. As a result, Iraq's oil production would have likely decreased significantly.The combined effects of the sanctions on both textiles and oil would have shifted Iraq's production possibilities curve inward.
The reduced access to machinery, technology, and investments would have limited Iraq's productive capacity in both sectors, leading to a decline in overall output.
Regarding the conditions that would have caused Iraq to withdraw from Kuwait, the economic sanctions alone might not have been sufficient. The United States and its allies also launched a military intervention known as the Gulf War in 1991 to compel Iraq to withdraw from Kuwait. The military pressure, combined with the economic sanctions, created a situation where Iraq faced increasing international isolation, military confrontation, and severe economic strain.Ultimately, the withdrawal of Iraq from Kuwait was influenced by a combination of military and economic factors, along with international diplomatic efforts.
The military intervention played a crucial role in achieving the desired outcome, while the economic sanctions contributed to weakening Iraq's economic and military capabilities.
The increase or decrease in owner's equity is reported on the
Question 9 options:
income statement.
statement of owner's equity.
balance sheet.
All of the above
Answer:
Statement of Owners' Equity
Explanation:
The Statement of Owners' Equity, also referred to as Statement of Stockholders' Equity, is a financial statement used to report the changes in the all of the equity accounts of a corporation. It also reports number of shares and any changes in a firm's preferred, common, and treasury stock that occurred during the year.
The Income Statement (also referred to as the Statement of Earnings) reports the net income or loss of a company for a specific period. It only reflects revenues and expense accounts of the firm, and not the equity accounts.
The Balance Sheet (also referred to as the Statement of Financial Position) reflects the assets, liabilities, and stockholders' equity accounts of a company as of a specific date. The information contained in its "Stockholders' Equity" section comes from the Retained Earnings Statement. However, the Balance Sheet does not provide the changes in the equity accounts of a company.
Therefore, the correct answer is Statement of Owners' Equity.
MotoSport is buying an asset that costs $730,000 and can be depreciated at 20 percent per year (Class 8) over its eight-year life. The asset is to be used in a three-year project; at the end of the project, the asset can be sold for $740,200. The company faces a tax rate of 26%. The sale of this asset will close the asset class. what is tax on CCA recapture
The tax on the CCA recapture is $306,332.
To calculate the tax on the Capital Cost Allowance (CCA) recapture, we need to determine the CCA claimed over the years and calculate the recaptured amount. The recaptured amount is the difference between the proceeds from the sale of the asset and the undepreciated capital cost (UCC) at the time of sale.
Given that the asset costs $730,000 and has a depreciation rate of 20% per year (Class 8) over eight years, we can calculate the CCA claimed each year:
Year 1: $730,000 * 20% = $146,000
Year 2: $730,000 * 20% = $146,000
Year 3: $730,000 * 20% = $146,000
Year 4: $730,000 * 20% = $146,000
Year 5: $730,000 * 20% = $146,000
Year 6: $730,000 * 20% = $146,000
Year 7: $730,000 * 20% = $146,000
Year 8: $730,000 * 20% = $146,000
The total CCA claimed over the eight years is $1,168,000.
At the end of the project, the asset can be sold for $740,200. The UCC at the time of sale is the original cost of the asset minus the CCA claimed:
UCC = $730,000 - $1,168,000 = -$438,000
Since the UCC is negative, there is a recapture of CCA. The recapture amount is the proceeds from the sale minus the UCC:
Recapture Amount = $740,200 - (-$438,000) = $1,178,200
Now, we can calculate the tax on the CCA recapture by multiplying the recapture amount by the tax rate:
Tax on CCA Recapture = $1,178,200 * 26% = $306,332
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A.The loss on the cash sale of equipment was $22,125 (details in b).
B. Sold equipment costing $97,875, with accumulated depreciation of $47,125, for $28,625 cash.
C. Purchased equipment costing $113,375 by paying $64,000 cash and signing a long-term note payable for the balance.
D. Borrowed $5,700 cash by signing a short-term note payable.
E. Paid $58,625 cash to reduce the long-term notes payable.
F. Issued 4,200 shares of common stock for $20 cash per share.
G. Declared and paid cash dividends of $53,500.
Prepare a complete statement of cash flows; report its operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
Answer:
Statement of cash flows for the year
Cash flow from Operating Activities
Loss on sale of equipment $22,125
Net Cash Provided by Operating Activities $22,125
Cash flow from Investing Activities
Proceeds from sale of equipment $28,625
Purchase of equipment ($64,000)
Net Cash used by investing activities ($35,375)
Cash flow from Financing Activities
Note Payable Issued $5,700
Repayment of Note Payable ($58,625)
Issue of Common Stock $84,000
Cash Dividends Paid ($53,500)
Net Cash used by Financing activities ($22,425)
Explanation:
Statement of cash flows for the year shows results of cash resulting from the following activities :
Cash flow from Operating ActivitiesCash flow from Investing ActivitiesCash flow from Financing ActivitiesSuppose that there is only one small clothing store in the remote village of Green Acres, and until fairly recently all of the townspeople bought most of their clothing there. As more people in Green Acres use the internet to shop for clothes, the price elasticity of demand for shirts at the Green Acres store will:_______
a. decrease because the Internet offers more substitutes.
b. remain the same, but the quantity demanded will decrease as more people shop online.
c. remain the same, but the demand will decrease as more people shop online.
d. increase because the Internet offers more substitutes.
Answer:
D)increase because the internet offers more substitutes
Explanation:
From the question we are are informed about a situation where there is only one small clothing store in the remote village of Green Acres, and until fairly recently all of the townspeople bought most of their clothing there. In the case that more people in Green Acres use the internet to shop for clothes, the price elasticity of demand for shirts at the Green Acres store will increase because the internet offers more substitutes.price elasticity of demand which is the degree to which there is a change in amount of quantity that is been demanded as a result in the change in price, so on this case as the Green Acres use the internet to shop for clothes the price elasticity of demand for shirts at the Green Acres store will increase and this is as a result of the substitute that is been provided by the internet.
Note that substitute in business means that both the shop online and the clothing stores in the village are offering same purpose. They are substitute.
Most people are aware of someone at school or at work with whom they don’t really associate. Pick someone in your school that you may have classes with but don’t really know. Write down what you think you know about him or her. Then interview that person and write a response about what you have learned. Write an additional paragraph at the end discussing how taking the time to get to know someone can make a difference.
Answer: Taking your personal time to let someone know makes you know a lot about him, you will also come to know about some good relevant things along with things with which you are not comfortable, you just have to focus on the good portion.
Explanation: Here is a real-life experience of mine that I am sharing. In my school days, I have a friend let his name is x. I have bad thoughts about him because I don't know him personally, just sometimes we usually talk about academics. I have so many bad thoughts about him. But things changed when I personally came to know him. In fieldwork he is in my team, so we have to work as a team and have a good coordination with each other. I started to know him from deep inside, how he thinks about others, how he thinks about himself along with how he thinks about me. Things went too far we both became good friends, he shared many things to me. He said about his role in part-time job which he does after his school or his school breaks and said to me to also work with him. I also learned about making graphical designs in which he was an expert. He always motivated me to do good things. But as I said there will be also bad portions, I am not mentioning those bad portions, but trust me everyone has a bad portion just ignore that portion and don't judge him for that.
Knowing someone can make you build a strong character you came to know about many such things which you don't even know, but he or she does. You came to know about skills that you can also implement on yourself.
Now that you’ve chosen your business and found your niche, you’re in need of some advice on the practical aspects of setting up the business. A reliable resource for business information is
Answer:
the Small Business Administration
Explanation:
Outline and describe the main types of Communication in your own words. Give one practical example for each type to support your discussion.
Answer:
There are four main types of communication: verbal, nonverbal, written, and visual.
1. Verbal communication involves the use of words to convey a message. This can be done through spoken or written language. Verbal communication can be formal or informal, and it is often used in face-to-face conversations, meetings, presentations, and interviews. A practical example of verbal communication is a teacher giving a lecture to a classroom full of students.
2. Nonverbal communication involves the use of body language, facial expressions, and other nonverbal cues to convey a message. This can include gestures, eye contact, posture, and tone of voice. Nonverbal communication is often used in conjunction with verbal communication to reinforce a message or convey meaning. A practical example of nonverbal communication is a job interview, where the interviewer may use body language to convey their interest or disinterest in a candidate.
3. Written communication involves the use of written words to convey a message. This can include emails, memos, reports, and letters. Written communication is often used in business and academic settings, where a permanent record of the communication is required. A practical example of written communication is a business proposal that is sent to a potential client.
4. Visual communication involves the use of images, graphics, and other visual aids to convey a message. This can include charts, diagrams, videos, and photographs. Visual communication is often used in advertising, marketing, and design, where visual impact is important. A practical example of visual communication is a billboard that advertises a new product.
In summary, each type of communication has its own strengths and weaknesses, and they are all important in different contexts. Effective communication requires a combination of these four types, depending on the situation and the message that needs to be conveyed.
SELECT AN ORGANISATION OF YOUR CHIOCE.
1.1 SUMMARISE THE NATURE OF BUSINESS
1.2 SUMMARISE THE BUSINESS MODEL
1.3 WHAT ARE THE KEY BUSINESS DRIVERS
2.1 NATURE OF DECISION DESCRIBING WHAT DECISION NEEDED TO BE MADE AND WHY
2.2 SUMMARISE HOW WAS THE DECISION MADE
2.3 ANALYSE THE DECISION MADE AND DESCRIBE IF A QUALITATIVE OR QUANTITATIVE APPROACH WAS USED AND JUSTIFY YOUR RESPONSE
2.4CONFIRM WHY WAS THIS APPROACH TAKEN BY THE BUSINESS AND APPRAISE THIS APPROACH FROM RISK MODELLING PERSPECTIVE
3.1 USING THE SELECTED BUSINESS DECISION FROM ABOVE, IDENTIFY AT LEAST 5 RISKS THAT NEEDED TO BE CONSIDERED TO MAKE THE SAME
3.2 USING THE RISK REGISTER IN THE PREVIOUS SECTION, CONDUCT A QUALITATIVE RISK ANALYSIS FOR THESE 5 RISKS BY PROPOSING THE PROBABILITY OF OCCURRENCE AND IMPACT FOR EACH RISK
3.3 USING A MATRIX INCLUDED IN APPENDIX A, PLOT THE RISKS ON A HEAT MAP AND EXPLAIN WHAT THE MAP MEANS
4.1 USING THE REGISTER DERIVED IN QUESTION 3.1, CALCULATE THE AVERAGE IMPACT (EXPECTED MONETARY VALUE) USING AGGREGATION OF STATIC VALUES
4.2 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
5.1 USING THE REGISTER FROM 3.1, CALCULATE THE 5 POSSIBLE EXPECTED MONETORY VALUES USING THE AGGREGATION OF THE RISK DRIVEN OCCURRENCES METHODOLOGY
5.2 DESCRIBE THE RESULT OF THIS METHODOLOGY USING AN APPROPRIATE DIAGRAM
5.3 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
An organization that will be analyzed in this context is Coca-Cola.1.1 Summary of the nature of the business:Coca-Cola is one of the most well-known beverage manufacturers in the world. They create fizzy drinks, juices, and water for a variety of markets.
Their drink portfolio includes more than 200 brands sold in over 200 countries.1.2 Summary of the business model:Coca-Cola Company follows a business model based on creating strong brands that generate significant customer demand.
Their main goal is to build and enhance brand equity. They engage in extensive advertising and promotion campaigns to attract more consumers.1.3 What are the key business drivers:Coca-Cola's essential business drivers are its brand, extensive distribution network, market reach, product innovation, customer satisfaction, and product differentiation.2.1 Nature of decision describing what decision needed to be made and why:The business decision that was taken by Coca-Cola was regarding the selection of the right marketing mix, which is a critical decision.
This allowed them to gain valuable insights into how the consumers perceive their products, which they could use to develop targeted marketing strategies. From a risk modeling perspective, the approach is beneficial because it allows the company to minimize the risks by identifying the issues that consumers may face with their products.3.1 Using the selected business decision from above, identify at least 5 risks that needed to be considered to make the same:1. Competition from other beverage manufacturers2. Consumer preferences and behavior3. Changes in market trends4. Fluctuating economic conditions
5. Changing health and safety regulations3.2 Using the risk register in the previous section, conduct a qualitative risk analysis for these 5 risks by proposing the probability of occurrence and impact for each risk:The following table shows the qualitative risk analysis for the five risks that were identified:RiskProbabilityImpactCompetitionMediumHighConsumer preferences and behaviorHighHighChanges in market trendsLowHighFluctuating economic conditionsHighMediumChanging health and safety regulationsLowMedium3.3 Using a matrix included in Appendix A, plot the risks on a heat map and explain what the map means:The risks were plotted on a heat map, as shown below:The heat map shows that the competition and consumer preferences risks have a higher probability of occurrence and impact, while the changes in market trends and health and safety regulations have a lower probability of occurrence and impact.4.1 Using the register derived in question 3.1, calculate the average impact (expected monetary value) using aggregation of static values:
The five possible expected monetary values are calculated by multiplying the probability of each risk and the range of possible impacts.RiskProbabilityImpactRange of possible impactsExpected Monetary ValueCompetitionMedium$2,000,000-$4,000,000$1,200,000Consumer preferences and behaviorHigh$3,000,000-$5,000,000$3,000,000Changes in market trendsLow$1,000,000-$3,000,000$300,000Fluctuating economic conditionsHigh$1,000,000-$2,000,000$1,200,000Changing health and safety regulationsLow$500,000-$1,000,000$50,000Total Expected Monetary Value$5,750,0005.2 Describe the result of this methodology using an appropriate diagram:The following diagram shows the possible expected monetary values for the five risks:5.3 Summarize what does this average impact value mean for the organization:
The average impact value means that the Coca-Cola Company could potentially lose an estimated $5,750,000 due to the five risks that were identified. This value represents the range of possible impacts that the company may face, given the probability of occurrence of each risk. The company can use this information to identify the risk mitigation strategies that are required to minimize the impact of these risks.
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The following are selected transactions of the company RED RIBBON COMPANY.
April
1 Paid rent for the month, P10000.
2 The owner, Sara Marcos made additional cash Investment of, P200000.
3 Purchase additional office supplies on account, P12,000
5 Purchase office equipment on account, P15000.
8 Fees earned and billed to customers for the month, P83, 650
10 Paid advertising expenses, P20,000
Received cash from customers on account, P17500 18 Received cash from customer for services rendered, P25780
20 Paid creditor on account, 17000
21 Returned P1000 worth of office supplies that were defected, purchased April 15
23 Withdraw cash for personal use, P10000
27 Paid 2000 for the repair of office equipment
29 Paid telephone bills, P12000
30 Paid salaries of employees, P25000
30 Received a promissory note for service rendered, P20000
The liabilities owed by Red Ribbon Company, for the month of April can be found to be
How to find the liabilities owed ?To find the total liabilities owed by Red Ribbon Company for the month of April, you should sum up the different liabilities incurred in that month.
The total liabilities to Red Ribbon Company for April is therefore:
= Office supplies on account + Office equipment on account - Amount paid to creditor - office supplies returned to creditor
= 12, 000 + 15, 000 - 17, 000 - 1, 000
= P 9, 000
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The rest of the question is:
What is the ending value of liabilities to Red Ribbon Company for the month of April?
Lowden Company has a predetermined overhead rate of and allocates overhead based on direct material cost During the current period direct labor cost is 58,000 and direct materials cost is $ 88,000 . How much overhead cost should Lowden Company should apply in the current period
Answer:
$138,160
Explanation:
Calculation to determine How much overhead cost should Lowden Company should apply in the current period
Using this formula
Overhead =157%*Direct material cost
Let plug in the formula
Overhead=157%*88,000
Overhead=$138,160
Therefore the amount of overhead cost that Lowden Company should apply in the current period is $138,160
The primary goal of market research by entrepreneurs is to:
a) Reduce costs
b) Analyze data
c) Make better decisions
d) None of the above
The primary goal of the market research by entrepreneurs is to make better decisions.
Market research is referred to as an activity which is undertaken by the entrepreneurs in order to get the required information which is thus about the needs and also the preferences of the consumer who are in their target market.
Market research allows companies in order to understand the demand as well as the viability of their product and in order to see how it might perform in the real world. Thus, market research tends to help the entrepreneur in finding out their rivals in the business.
Hence, option C is correct.
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Describe an ethical dilemma related to work quality.
Answer:
an example could be if you work for a fast food place you could be making the food fast but your being judge on how it looks when your done like the quality of the meat the cheese how much you put like thats the work quality how good of a job are you doing with your work and what it looks like when its finished.
Explanation:
A quality inspector visits a factory and finds that the company uses substandard materials in its production. He feels obligated to write this in his report. However, he remembers the company's operations are managed by his best friend's father. It would be an example of an ethical dilemma related to work quality.
What is an ethical dilemma related to employee relations?Ethical dilemma refers to the a situation in which a difficult choice has to be made between two courses of action, which of them go beyond the moral principle.
An employee noticed workplace discrimination against some employees who belongs to a particular racial group in the branch where he works, even though company policy condemns such, but the local manager doesn't take complaints about the matter seriously. Headquarters sent representatives to the branch to find such issues and an opportunity is given to report these issues at workplace.
However, he still remembers that the manager gave him the opportunity by employing him despite his limited work experience when he interviewed for the job some months ago. It would be an example of ethical dilemma to employee relations.
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