Shake Shack’s diversification strategy with respect to type(s), levels, and means of growth the company uses is the horizontal diversification strategy.
This is a growth strategy that involves the production of new products that are often related to the existing products of the company. By doing this, the company is able to tap into new markets while still maintaining the same line of business. The competitive strategies utilized by Shake Shack are differentiation and cost leadership. The competitive advantage of differentiation is that the company is able to create a unique product that is different from that of other competitors while the cost leadership competitive advantage is that the company is able to offer products at lower prices than competitors. The competitive/market scope of differentiation is that the company is able to create a product that is different from that of other competitors while the competitive/market scope of cost leadership is that the company is able to offer products at lower prices than competitors. Factors in the general external environment that most strongly affect Shake Shack are competition, regulations, and changes in customer preferences. Competition from other companies that offer similar products is a major external factor that affects Shake Shack. Regulations also affect Shake Shack since they affect the way the company produces its products. Changes in customer preferences affect Shake Shack since they influence the products that the company produces.
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What accounts are affected. issued check $644 to pay for an advertisement
Answer:
Bank and Advertisement accounts
Explanation:
Journal entries
Advertisement A/c Dr $644
To Bank A/c $644
(Being advertisement expenses made by cheque)
Bank and Advertisement accounts are affected
If John from Mercy Racing increases his production output of intake valves from 300 per day to 500 per day, he notices his production costs decline. He is experiencing:Ethical failure in qualityEconomies of ScaleDiseconomies of ScaleNo scale
John from Mercy Racing is experiencing economies of scale when he increases his production output of intake valves from 300 per day to 500 per day and notices a decline in production costs.
Economies of scale refer to the cost advantages that a business can achieve as a result of increasing its scale of production. When a company increases its production output, it can benefit from various factors that lead to cost savings. These include spreading fixed costs over a larger quantity of output, achieving greater efficiency in production processes, negotiating better deals with suppliers due to increased purchasing power, and taking advantage of specialized machinery or technology.
In John's case, the increase in production output from 300 to 500 intake valves per day has likely allowed him to spread his fixed costs, such as overhead expenses and equipment maintenance, over a larger quantity of production. This leads to a reduction in the average cost per unit, resulting in lower production costs.
Therefore, John's experience of cost decline when increasing production output indicates that he is benefiting from economies of scale.
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Question 2. Small Town Sweets—audit planning analytics (4%)
Small Town Sweets is based in Molong, NSW, and produces a range of high-quality confectionery for the East Coast market. Small Town Sweets operates in a low-margin environment, which typically means that large volumes are required to cover overhead costs and generate profits. It also means that overheads need to be kept under control to ensure that a net profit is generated from its operations. Debt is also kept to a minimum to ensure that interest costs are low and that there is sufficient margin to protect solvency during downturns.
The company did not reach industry profitability benchmarks in the previous year and budgeted to do better in the current year. It thought that it could do so by keeping its costs down in relation to sales while allowing its gross margin to drop, evidently planning to generate a larger volume of sales. The company also planned to better manage its working capital by reducing inventory and accounts receivable levels, indicating that it expected to produce a healthy cash flow to enable it to do so. As part of the planning process MCA has produced the following analytical information:
Ratio Actual Budgeted Prior Year Industry
Return on equity % 12.9 16.6 14.8 15.5
Return on total assets % 10.7 14.2 13.1 14.5
Gross margin % 8.5 9.0 9.5 9.0
Marketing expense/sales % 2.6 1.8 2.0 2.2
Admin expenses/sales % 1.6 1.6 1.8 2.0
Interest coverage ratio 5.4 8.1 6.4 6.0
Days in inventory 33.1 30.4 31.1 30.0
Days in accounts receivable 50.0 48.0 49.7 45.0
Current ratio 1.3 1.2 1.2 1.5
Quick asset ratio 0.81 0.77 0.77 1.0
Debt to equity ratio 0.51 0.33 0.41 0.40
Required
With reference to ASA 315 and the information above, identify and justify:
the three ratios that would be of most interest in the planning of the audit.
the account balance that is most at risk for each ratio identified in 1.
the assertion most at risk for each account balance identified in 2.
Answer this question using the following headings:
1. Ratio
2. Account balance
3. Assertion
Ratio:
a) Return on equity %
b) Days in inventory
c) Days in accounts receivable
Account balance:
a) Net income
b) Inventory
c) Accounts receivable
Assertion:
a) Existence
b) Valuation
c) Completeness
Justification:
Ratio:
a) Return on equity %: Return on equity is a key profitability ratio that measures the company's ability to generate profits for shareholders. It is of interest to auditors as it provides insight into the effectiveness of the company's management team in generating profits. A lower than expected return on equity could indicate mismanagement or fraudulent activity.
b) Days in inventory: Days in inventory is a ratio that measures the average number of days it takes for inventory to be sold. It is of interest to auditors as it provides insight into the efficiency of the company's inventory management system. A high number of days in inventory could indicate that inventory is not being managed efficiently, leading to potential overstatement of inventory and understatement of cost of sales.
c) Days in accounts receivable: Days in accounts receivable is a ratio that measures the average number of days it takes for customers to pay their bills. It is of interest to auditors as it provides insight into the efficiency of the company's accounts receivable management system. A high number of days in accounts receivable could indicate that the company is not collecting receivables in a timely manner, leading to potential overstatement of accounts receivable and understatement of bad debts.
Account balance:
a) Net income: Net income is the primary measure of a company's profitability. It is at risk if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Inventory: Inventory is a major component of cost of sales and is at risk if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Accounts receivable: Accounts receivable represent amounts owed to the company by customers. They are at risk if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
Assertion:
a) Existence: The existence assertion is at risk for net income if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Valuation: The valuation assertion is at risk for inventory if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Completeness: The completeness assertion is at risk for accounts receivable if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
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commercial banks hold deposits and
Write down two of the four key years mentioned in the brief history of debt and why they were important.
Congress created the law that made it possible for Sallie Mae to be established in 1972, the first year we saw anything that even somewhat resembled a student loan. The Bank Americard, formerly known as Bank of America, had expanded by 1976, and its name had been changed to VISA.
Congress established the law that permitted the establishment of Sallie Mae in 1972, which was the first time we saw anything that appeared to be student loans. After becoming Bank American art in 1976, Bank of America changed its name to VISA.
Debt is a wealth-building asset management instrument. The lender's expenses and risks, such as default risk and interest rate risk, impact the costs of a loan.
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Refer to Figure 2-2. Which of the following would most likely cause the production possibilities curve for breadfruit and fish to shift outward from AA to BB
(C) A major technological advancement would most likely cause the production possibilities curve for breadfruit and fish to shift outward from AA to BB.
What is the production possibilities curve?
A production-possibility frontier (PPF), production possibility curve (PPC), production possibility boundary (PPB), or transformation curve/boundary/frontier is a curve that depicts various combinations of the amounts of two goods that can be produced within the given resources and technology/a graphical representation of all the possible output options for two products that can be produced using all factors of production, where the given resources are fully utilized.A PPF exemplifies various economic concepts, including allocative efficiency, economies of scale, opportunity cost (or marginal rate of transformation), productive efficiency, and resource scarcity (the fundamental economic problem that all societies face).As the definition itself states, a production-possibility curve depicts various combinations of the amounts of two goods that can be produced within the given resources and technology graphical representation of all the possible output options for two products that can be produced using all factors of production.
Therefore, (C) a major technological advancement would most likely cause the production possibilities curve for breadfruit and fish to shift outward from AA to BB.
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The question you are looking for is here:
Which of the following would most likely cause the production possibilities curve for breadfruit and fish to shift outward from AA to BB in Figure 2-2?
a. a decrease in the labor force of the country
b. a sudden change in consumer preferences for more fish and less breadfruit
c. a major technological advance
d. a decrease in the capital stock
issues 1,400 shares of 10 par common stock in exchane for equipment with a fair market price of 60,000?
The company issues 1,400 shares of $10 par common stock in exchange for equipment valued at $60,000.
In this transaction, the company is exchanging equipment with a fair market value of $60,000 for its common stock. The common stock has a par value of $10 per share, and the company is issuing a total of 1,400 shares. This means that the company is valuing each share of its common stock at $42.86 ($60,000 divided by 1,400 shares). By issuing these shares, the company is essentially using its common stock as a form of payment to acquire the equipment. This transaction helps the company acquire the equipment it needs while also potentially increasing its shareholder equity.
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What position would be the highest in a company's hierarchy?
A). director of finance
B). finance manager
C). accountant
D). finance administrative assistant
Answer: D. Finance administrative assistant
Explanation: search all the answers up to see if it matches CEO or is closet to the CEO job
Which button in the Print Preview tab allows users to set specific margins on the page of a report?
Portrait
Landscape
Text Formatting
Page Setup
Answer:
Page Setup
Explanation:
Page set up allows users to determine how a print out will appear. The user can customize the page size and layout. The page setup dialog box is available under the Layout tab in the Ribbon menu.
Page layout makes it possible for users to set the print parameters. These parameters include paper size, page orientation, page margins, and quality of the print.
I am 48 years, 48 weeks, 48 days and 48 hours old. How old am I?
Answer:
53
Explanation:
oligopolies are difficult to analyze because
Hammers, screwdrivers, drills, and saws are _____ a construction worker uses.
-tasks
-skills
-tools
-qualifications
Answer:
are a - tool - construction workers use
the main advantage of point-of-sale devices is that they offer to buyers and sellers
A.more flexibility and convenience
B.reward programs
C.improved safety and security
D.enhanced fraud protection
The repair service that fixes your farming equipment doesn’t seem to fix your plow correctly. The technician says that if you are not happy, you can buy a new plow from him, but the cost is extremely high. Do you have other options available to you for higher-quality repairs or cheaper equipment? Explain your answer.
Answer:
Your best option would be for higher quality repairs and higher quality equipment, this would save you more money and time in the long run where you have the ability to do other things.
Explanation:
Mark as Brainliest please!
Ill give u a cookie
Answer:
No, because in command economies, there is no competition. So, there are no other repair services that would offer higher-quality repairs or cheaper equipment. Additionally, no incentive exists for the technician to provide high-quality service.
Explanation:
the actual answer
The graph presents a production possibilities curve, or frontier, PPF for the nation of New Carnitas. Each point on this curve represents a combination of steak and potatoes that this country can produce given its resources and technology. Based on the information in the graph, place the points as indicated.
Point A is an attainable and efficient combination of steak and potatoes.
Point B is consistent with the full employment of available resources.
Between points C and D, the opportunity cost of 1 pound of steak is 2 pounds of potatoes.
Between points E and F, the opportunity cost of 1 pound of potatoes is 3 pounds of steak.
Point G represents an unattainable combination of steak and potatoes.
Point H represents an inefficient use of New Carnitas's resources.
Given that the graph is not shown here these are the basic points in a production possibility curve.
The attainable point in a production possibility curve
This is the point that lies on the curve of the PPC. This point can be produced by the resources that are available at the moment.
The full employment of resources on the PPCThis is the point that has all the resources in the economy being used in the production of goods and resources.
The unattainable point in a PPCThe unattainable point in the curve is the point that is outside of the curve. At this point the resources available cannot be used for production.
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the statistical model that allows insurance companies to estimate losses is called
The statistical model that allows insurance companies to estimate losses is called the actuarial model.What is an actuarial model? Actuarial models are statistical models that help actuaries, the insurance and financial sector professionals who assess risks, manage risk and financial uncertainty.
Actuarial models are used by insurance companies to estimate losses on policies. Actuarial models take into account the probability of various events such as accidents, death, illness, and damage to property. The insurance industry, which is driven by data and mathematics, uses actuarial models to identify, assess, and minimize risks, as well as to forecast and calculate long-term trends.
To summarize, the main answer to this question is that the statistical model that allows insurance companies to estimate losses is called the actuarial model, and the explanation of it is that actuarial models are used by insurance companies to estimate losses on policies, taking into account the probability of various events such as accidents, death, illness, and damage to property.
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__________ is used to describe the interdependence among elements of the global economy.
The term globalization is commonly used to describe the interdependence among elements of the global economy.
Globalization is a term used to describe the increasing interconnectedness and interdependence among countries and their economies. It refers to the process of increased integration and exchange of goods, services, capital, and information across national borders.
Nationalization, on the other hand, refers to the process of bringing private property or assets under government control, while industrialism is a term used to describe the development and growth of industries within a country. Internationalism refers to the idea of cooperation and coordination between nations on political, economic, and social issues.
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What is the difference between needs, wants and demand
Needs are things that satisfy the basic requirement. Wants are requests directed to specific types of items. Demands are requests for specific products that the buyer is willing to and able to pay for.
Explanation:
:))
Hector Company gathered the following reconciling information in preparing its March bank reconciliation: Cash balance per books, 3/31$12,000 Notes receivable collected by bank6,000 Outstanding checks9,000 Deposits in transit4,500 Bank service charge75 NSF check1,200 Using the above information, determine the adjusted cash balance for March. a.$7,500 b.$16,725 c.$15,500 d.$12,225
Answer: $16,725
Explanation:
Given the following :
Cash balance per books for March = $12,000
Notes receivable collected by banks = $6000
Bank service charge - $75
Non-sufficient fund (NSF) check - $1200
Therefore, Adjusted cash balance for March:
(balance per books + notes receivable - bank service charge - NSF check)
$(12,000 + 6,000 - 75 - 1200)
$(18000 - 1275)
= $16,725
Something that credit card commercials don't show you is . ...
The Credit card Commercials do not usually reveal
people making payments for month/year on the credit card purchase.
What is the usage of commercial credit card?A commercial card is a credit card provided by employers to their workers to be used for business transactions.
Commercial cards, which are frequently provided as corporate branded cards with merchants, assist businesses in managing their spending by consolidating all charges made by employees into a single location. What the credit card commercials do not reveal is people making payments on the credit card purchase.
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Which supply chain process focuses on the transformation of inputs into outputs?.
Answer:
Production
Explanation:
Production turns inputs such as raw materials, human resources into outputs.
Equilibrium GDP occurs when the quantity of output that buyers want to purchase is the quantity of output that suppliers want to produce.
Equilibrium GDP occurs when the quantity of output that buyers want to purchase.
The Equilibrium GDP occurs where the aggregate expenditure line crosses the 45-degree line, that represents the set of points where aggregate expenditure in the economy is equal to output or national income.
Equilibrium GDP occurs when the quantity of output that buyers want to purchase is the quantity of output that suppliers want to produce, where GDP is equal to total expenditure.
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Which of these is a reason why a company may want to recruit internally? A Better chance of fresh ideas o B. Broader experience within the industry c. Familiarity with the company mission D. Saving money on salaries
Answer:
C. Familiarity with the company mission.
Explanation:
As a corporate director, I tend to seek talent within our organization for this very reason. Long term team members whom plan on growing with our organization are, at times, best suited for roles above their current level due to their loyalty and familiarity with the company mission. Promoting within gives great culture to a company and adds to overall moral.
what can occur for project activities on a critical path that include slack time? more than one answer may be selected.
b) 'They can be completed after the project end date' and d) 'They need to be completed before other activities on the critical path' can occur for project activities on a critical path that include slack time.
Activities on the critical path are the ones that directly impact the project's overall duration. Slack time refers to the amount of time an activity can be delayed without causing a delay to the project's completion date. If an activity on the critical path has slack time, it means that it has flexibility in its schedule.
Given the nature of activities on the critical path and their impact on the project timeline, the following scenarios can occur for project activities with slack time:
b) They can be completed after the project end date: Activities with slack time can be delayed without affecting the project's completion date. This flexibility allows for adjusting the schedule to account for unforeseen delays or resource constraints.
d) They need to be completed before other activities on the critical path: While activities on the critical path have slack time, they still need to be completed before subsequent activities can begin. The critical path represents the longest sequence of dependent activities that determines the project's minimum duration. Completing activities on the critical path is crucial to maintain the project's timeline.
Regarding the other options:
a) They can be allocated fewer resources: This statement is not necessarily true. Activities on the critical path usually require sufficient resources to be completed within the planned time. Reducing resources may impact their timely completion and potentially affect the project's overall schedule.
c) They can be deemed a lower quality: Slack time does not necessarily imply lower quality for activities on the critical path. Quality standards should be maintained irrespective of the availability of slack time. The focus is on meeting the project's objectives and timeline while delivering the expected level of quality.
Hence, the correct answers are b) 'They can be completed after the project end date' and d) 'They need to be completed before other activities on the critical path'.
Correct Question :
What can occur for project activities on a critical path that include slack time?
More than one answer may be selected.
a) They can be allocated fewer resources.
b) They can be completed after the project end date.
c) They can be deemed a lower quality.
d) They need to be completed before other activities on the critical path.
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shaw company budgets total overhead cost of $3,620,000. the company allocates overhead cost based on 181,000 budgeted direct labor hours. Compute the single plantwide overhead rate
The single plantwide overhead rate for Shaw Company is $19.92 per labor hour.
The single plantwide overhead rate for Shaw Company can be calculated using the following formula:
Overhead Rate = Total Overhead Cost / Budgeted Direct Labor Hours
Therefore, the single plantwide overhead rate for Shaw Company is $19.92 per labor hour ($3,620,000 / 181,000).
To better understand this calculation, it is helpful to consider the difference between overhead and direct labor. Overhead cost is the expense associated with the operation of the business that is not directly tied to production, such as rent, utilities, marketing, and administrative costs. Direct labor is the expense associated with the actual production of goods and services, such as the wages of factory workers.
The single plantwide overhead rate is the cost of running the business, divided by the total number of labor hours associated with the production of goods and services. This calculation is used to allocate overhead costs among different departments and activities, so that each department and activity can be charged the same proportion of overhead costs.
The single plantwide overhead rate is a useful tool for businesses, as it helps them keep track of the total cost of running the business and allocate the costs among the various departments and activities. By calculating the single plantwide overhead rate, businesses can ensure that their overhead costs are properly accounted for and properly allocated among their departments and activities.
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challenges faced by checkers in macro environment as a business
Checkers, like any other business, faces several challenges in the macro environment. These challenges arise from external factors that are beyond the company's control but can significantly impact its operations and profitability.
Economic Factors: Fluctuations in the economy can affect consumer spending power, impacting Checkers' sales and profitability. Economic downturns or recessions may lead to reduced customer spending on non-essential items, including dining out. Additionally, inflation and rising costs of raw materials can increase operational expenses for Checkers.
Social and Cultural Factors: Changes in consumer preferences and trends can pose challenges for Checkers. Shifts in dietary preferences, health consciousness, and demand for more sustainable and ethically sourced food options may require the company to adapt its menu and offerings accordingly.
Technological Factors: Rapid advancements in technology have a significant impact on the restaurant industry. Checkers needs to stay abreast of technological developments, such as online ordering systems, mobile apps, and delivery platforms, to remain competitive.
Legal and Regulatory Factors: Compliance with laws and regulations is essential for Checkers to operate legally and ethically. Health and safety regulations, labor laws, and food industry standards impose obligations on the company, and non-compliance can lead to legal consequences and damage to the brand's reputation.
Environmental Factors: Increasing environmental concerns and sustainability expectations from consumers and regulators present challenges for Checkers. The company may need to adopt eco-friendly practices, reduce carbon footprint, and ensure responsible sourcing and waste management to meet these expectations.
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Okay is it just me or is anyone else getting so many exams and redos right now
Answer:
ufff
Explanation:
exam s are over Best Of Luck ! ❤️❤️
Answer:
i am
Explanation: hey it me mat, i know its been a while and you problably forgot about me by now but. im sorry and id like to talk.
What is a public good?
A A public good is a product or service that one consumer can prevent another consumer from using, and is not accessible without
payment
B A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without
payment
C A public good is a product or service that one consumer cannot prevent another consumer from using, and is not accessible without
payment
D A public good is a product or service that one consumer can prevent another consumer from using, and is accessible without payment.
I believe your answer is B
A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without payment
What term is best defined as an institution that conducts a nation's monetary policy and regulates its banking system?
The monetary system and policy of a country are supervised by the central bank, which is a financial entity.
The central bank is what?A central bank is a government-run organization that oversees the management of a nation's or a set of nations' currencies as well as the management of the money supply, or the total amount of money in circulation. Most central banks have price stability as their primary goal.
Who owns the central bank?The majority of central banks' shareholders are governments, and they are typically in charge of hiring executives and receiving a percentage of the earnings. The central bank's senior management and policy committees have day-to-day authority over the institution.
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Marketing communications program are money spent on advertising does not necessarily have an instant impact on sales but can influence viewers to buy the advertised product at a later time. This phenomenon is called the
The carryover is the name for this occurrence. Any form of study where subjects are examined more than once may be biased by this so-called carryover effect.
What exactly does "carryover" mean?The transfer of undesired substance through one container or combination to another is referred to as the "carryover effect" in clinical chemistry. It describes how one sample affects subsequent ones. It could come from the washing media, a chemical, or even a sample. If a treatment's effects last even after it is stopped, the reaction to a subsequent treatment may very possibly be partially influenced by the first.
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