A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: FORECAST ACTUAL April 256 232 May 330 300 June 406 460 July 355 433 August 380 490 September 456 514 a. Find the tracking signal for each month. (Negative values should be indicated by a minus sign. Round your answers to the 2 decimal places.)
Answers
Answer:
may 330
Explanation:
Related Questions
Question 1 of 20
Fifteen thousand shares of common stock are issued at a par value of $1.
The journal entry for this transaction includes a debit to for $15,000.
OA. Dividends Payable
B. Paid-In Capital
C. Cash
O D. Common Stock
SUBMIT
Answers
17. Which of the following parcels of land is
the smallest?
a. Two sections
b. Two square miles
c. 1,280 acres
d. 5% of a township
Answers
Answer:
The answer would be a. Two Sections.
Explanation:
The reason why the answer is a. is because two sections is smaller than any other of the options given.
Two sections are the smallest parcels of the land. Two sections are smaller than any other option given. The correct option is a.
What do you understand about the word land?Land, also known as dry land, ground, or earth, is the solid terrestrial surface of Earth not submerged by the ocean or another body of water. It makes up 29% of Earth's surface and includes all continents and islands.
Earth's land surface is almost entirely covered by regolith, a layer of rock, soil, and minerals that forms the outer part of the crust. Land plays important role in Earth's climate system and is involved in the carbon cycle, nitrogen cycle, and water cycle. One-third of the land is covered in trees, another third is used for agriculture, and 10% is covered in permanent snow and glaciers. Land terrain varies greatly and consists of mountains, deserts, plains, plateaus, glaciers, and other landforms. In physical geology, the land is divided into two major categories: mountain ranges and relatively flat interiors called cratons.
Both are formed over millions of years through plate tectonics.
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You have an annual salary of $58,000 from which they deduct 3% for medical insurance and 18% for taxes. Your rent is $1200 a month. Your water, electricity and internet bill are around $238 a month. Every week you put 130 miles on your car that gives you 20 miles per gallon and gas cost $3.17 per gallon. You pay a premium of $1,019 every six months for car insurance. You spend $120 a week on food. You also have a student loan that you are paying $150 on every month and you spend $100 every 2 weeks just to treat yourself.
Requried:
Create a monthly budget and find your monthly cash flow.
Answers
Answer:
bhruy5y4t4yt4hdjzvcxvcfg
Explanation:
Outline and describe the different forms of Communication and further explain how they are important in an organization. Provide practical example to support your discussion.
Answers
La comunicación desempeña un papel fundamental en el funcionamiento de una organización, ya que permite la transmisión de información, ideas, instrucciones y retroalimentación entre los miembros del equipo. Existen varias formas de comunicación que se utilizan en un entorno organizacional. A continuación, describiré algunas de las formas más comunes:
Comunicación verbal: Es el uso de palabras habladas para transmitir información. Puede ser en forma de reuniones, conversaciones cara a cara, llamadas telefónicas o videoconferencias. La comunicación verbal es rápida y permite una interacción directa entre las personas, lo que facilita la clarificación de dudas y la resolución de problemas en tiempo real. Por ejemplo, durante una reunión de equipo, los miembros pueden discutir ideas, compartir actualizaciones y tomar decisiones conjuntas.
Comunicación escrita: Implica el uso de palabras escritas para transmitir información. Esto incluye correos electrónicos, mensajes de texto, informes, memorandos y documentos formales. La comunicación escrita es útil cuando se requiere un registro permanente de la información y proporciona la oportunidad de revisar y editar antes de enviar el mensaje. Por ejemplo, un gerente puede enviar un correo electrónico detallando las metas y objetivos del proyecto a su equipo para asegurarse de que todos estén al tanto de las expectativas.
Comunicación no verbal: Se refiere a la transmisión de información sin el uso de palabras. Incluye gestos, expresiones faciales, lenguaje corporal y tono de voz. A menudo, la comunicación no verbal puede transmitir emociones y actitudes que pueden complementar o contradecir el mensaje verbal. Por ejemplo, durante una presentación, el lenguaje corporal de un orador puede transmitir confianza y entusiasmo, lo que refuerza su mensaje.
Comunicación formal: Se lleva a cabo a través de canales oficiales y estructurados dentro de la organización. Esto incluye comunicaciones descendentes, como anuncios y políticas de la gerencia hacia los empleados, así como comunicaciones ascendentes, como informes de estado y retroalimentación de los empleados hacia los superiores. La comunicación formal es importante para establecer líneas claras de autoridad y responsabilidad, así como para garantizar la coherencia en la información transmitida.
Comunicación informal: Se produce a través de interacciones sociales no estructuradas entre los miembros de la organización. Esto puede incluir conversaciones informales en el lugar de trabajo, interacciones en las pausas para el café o discusiones en grupos de chat en línea. La comunicación informal es valiosa para fomentar la camaradería, construir relaciones y facilitar el intercambio de ideas no convencionales. Por ejemplo, en un entorno de trabajo abierto, los empleados pueden compartir ideas innovadoras durante una conversación informal en la sala de descanso.
La importancia de estas formas de comunicación en una organización radica en que permiten la colaboración efectiva, la toma de decisiones informada, la resolución de problemas, la coordinación de tareas y la creación de un ambiente de trabajo positivo. Una comunicación clara y efectiva evita malentendidos, reduce los errores, mejora la productividad y fortalece la cohesión del equipo.
Un ejemplo práctico podría ser una empresa de desarrollo de software. En este caso, la comunicación verbal sería esencial para que los miembros del equipo discutan los requisitos del proyecto, compartan actualizaciones diarias y resuelvan problemas en las reuniones diarias de puesta al día (stand-up meetings). La comunicación escrita sería crucial para documentar los requisitos, especificaciones técnicas y cronogramas del proyecto, así como para enviar correos electrónicos y mensajes de chat con actualizaciones y solicitudes de retroalimentación. La comunicación no verbal también tendría un papel importante, ya que el lenguaje corporal y las expresiones faciales en las reuniones ayudarían a transmitir confianza y apoyo entre los miembros del equipo. En cuanto a la comunicación formal, se utilizarían informes de estado y presentaciones formales para mantener a la alta dirección informada sobre el progreso del proyecto. Por último, la comunicación informal se daría en momentos de descanso, donde los empleados podrían discutir ideas, plantear desafíos y fomentar la creatividad en un ambiente más relajado
Answer:
There are several different forms of communication that are important in an organization. These include:
1. Verbal communication: This is the use of spoken words to convey a message. Verbal communication is important in an organization because it allows employees to communicate with each other and with customers. For example, a salesperson might use verbal communication to explain the features of a product to a customer. Another example is a team meeting where employees discuss project updates and share ideas.
2. Nonverbal communication: This is the use of body language, gestures, and facial expressions to convey a message. Nonverbal communication is important in an organization because it can convey emotions, attitudes, and intentions. For example, a manager might use nonverbal communication to show approval or disapproval of an employee's performance. Another example is a job interview where the interviewer might use nonverbal communication to assess the candidate's confidence and professionalism.
3. Written communication: This is the use of written words to convey a message. Written communication is important in an organization because it provides a permanent record of communication. For example, an email can be used to communicate project updates, deadlines, and other important information. Another example is a report that summarizes the results of a project.
4. Visual communication: This is the use of images, graphs, and other visual aids to convey a message. Visual communication is important in an organization because it can help to simplify complex information and make it easier to understand. For example, a chart can be used to show sales trends over time. Another example is a video that demonstrates how to use a product.
All of these forms of communication are important in an organization because they allow employees to share information, ideas, and feedback. Effective communication can also help to build trust and relationships between employees, customers, and partners. For example, if a customer has a positive experience with a salesperson, they are more likely to return to the organization in the future.
A practical example of the importance of communication in an organization is a team project. Effective communication is essential for the success of the project. Team members need to be able to communicate their ideas, concerns, and progress to each other in order to stay on track and meet deadlines. This might involve verbal communication in team meetings, written communication in project reports, and visual communication in presentations. Without effective communication, the project is likely to fail.
Daniel is working on a project where he needs to anticipate future events and conditions, as well as avoid costly mistakes. Daniel is engaged in the _____ managerial function.
Answers
Daniel is working on a project that requires him to foresee potential problems and circumstances as well as to steer clear of costly errors. Daniel is working in the managerial planning role.
How does management fit into the planning process?Managers plan, organize, direct, and control resources with the aim of achieving specific goals. By establishing them during planning, they choose how to carry out their objectives. Putting the company's objectives into practice involves allocating resources (people, money, and equipment).
Choosing a strategy for achieving objectives and choosing goals is part of the planning management activity. In order to make effective plans, managers must anticipate future circumstances and comprehend the environmental challenges that their company is currently facing.
One of the main roles of managers is managerial planning. Some would argue that the most important position in a firm is planning because it controls and directs all operational actions.
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True or false many small businesses fail every year
Answers
Answer:false
Explanation:
answered - expert verified
changing role of women in the past 25 year
relating to joint families . nuclear families
women as a bread earner of the family.
changes in the requirement trend of mixers.
washing machines , micro wave and standard
of living
SEE ANSWERS
Answers
expert ithegrhrhrrhhehrhhrhrgegrgrhrhbbenehehhe
Answer:
hloooooooooooooooooooooooooooooooo
If the supply of a good increased, what would be the effect on the equilibrium price and quantity?
Answers
Answer:
An increase in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded will increase. A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease.
If supply increases while all other factors remain constant, the equilibrium price will fall. The quantity demanded will rise. A decrease in supply raises the equilibrium price while decreasing the quantity demanded.
What is supply?Supply is a fundamental economic concept that describes the total amount of a specific good or service that consumers have access to.
If displayed on a graph, supply can refer to the amount available at a specific price or the amount available across a range of prices. Changes in the supply curve shift the equilibrium price and quantity. If supply grows, equilibrium price falls and quantity grows.
Therefore, an increase in the supply will cause a reduction in equilibrium price and an increase in the quantity of a good.
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On January 1, 2020, HD Corp. paid $60,000 and issued a 5-year noninterest bearing note payable with a face value of $120,000 in exchange for a piece of equipment. The applicable interest rate is 8%. HD Corp depreciates over a straight-line basis and utilizes the effective interest method to record interest expense. The equipment is expected to be in service for 8-years at which point it will be worthless.
Required:
What is the carrying value of the note payable on 12/31/2021?
a. $120,000
b. $88,204
c. $75.136
d. $95.260
e. $89,335
Answers
Answer:
b. $88,204
Explanation:
The computation of the carrying value of the note payable is shown below:
= Present value of the notes + interest
= $120,000 × 0.680583 + ($120,000 × 0.680583 × 8%)
= $81,670 + $6,534
= $88,204
hence, the second option is correct
What is market environment
Answers
Answer:
The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.
Explanation:
The internal factors relate to the company itself, such as owners, workers, materials, components, etc.
The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.
Innova uses 1,000 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufacture the component are as follows. Direct materials $61.48 Direct labor 37.19 Overhead 126.50 Total $225.17 Overhead costs include variable material handling costs of $7.16, which are applied to products on the basis of direct material costs. The remainder of the overhead costs are applied on the basis of direct labor dollars and consist of 60% variable costs and 40% fixed costs. A vendor has offered to supply the IMC2 component at a price of $230 per unit. (a) Prepare the incremental analysis for the decision to make or buy IMC2. Make IMC2 (per unit) Buy IMC2 (per unit) Net Income Increase (Decrease) Direct material $ $ $ Direct labor Material handling Variable overhead Purchase price Total unit cost $ $ $ Should Innova purchase the component from the outside vendor if Innova’s capacity remains idle?
Answers
Answer:
Innova
a) Make or Buy IMC2 Incremental Analysis:
Make IMCs (per unit)
Direct material $61.48
Direct labor 37.19
Material handling 7.16
Variable overhead 71.60
Total unit cost 177.43
Buy IMC2 (per unit)
Purchase price $230
Net Income will decrease by ($52.57) if IMC2 is bought.
b) Innova should not purchase the component. It costs more to buy IMC2 than to make it based on incremental analysis.
Explanation:
a) Incremental Analysis is a decision-making technique used in business to determine the true cost difference between alternatives. It is also called the relevant cost approach, marginal analysis, or differential analysis. Using incremental analysis, sunk cost or past cost is disregarded as irrelevant. The fixed cost element equalling $47.74 per unit is a sunk cost that is not relevant for incremental analysis.
b) In a make or buy decision, the company considers if internalization of production will be of greater economic benefits than outsourcing.
c) Variable overhead is calculated as ($126.50 - $7.16) x 60% = $71.60
(Figure: Payoff Matrix I for Blue Spring and Purple Rain) The figure Payoff Matrix I for Blue Spring and Purple Rain refers to two producers of bottled water. Each has two strategies available to it: a high price and a low price. The dominant strategy for Purple Rain is to:
Answers
The figure Payoff Matrix I for Blue Spring and Purple Rain refers to two producers of bottled water. Each has two strategies available to it: a high price and a low price. The dominant strategy for Purple Rain is to: always charge a low price.
What is a Payoff Matrix?Generally, In the field of game theory, a description of a game is referred to as normal form. In contrast to extended form, normal-form representations are not graphics in and of themselves; rather, they use matrices to depict the game in question.
The outcomes of the decisions made by players in a game may be represented using something called a reward matrix.
The structure of a game, such as whether players take in turns to do actions or if a player must make a decision without knowing what option the other player will make, is not conveyed by a payout matrix. Components that make into a payoff matrix.
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You answer a call from a customer who
asks to speak to a
immediately
manager or someone higher up.
What would you do?
Answers
What you should do when answering a call from a customer who asks to speak with a manager or someone higher up right away is try to understand the situation to see if you can resolve it yourself.
How to provide quality service?It is necessary to always be attentive to the customer's needs, helping them in the process before and after the purchase, in addition to explaining the services and products, being kind, cordial and ethical.
Therefore, the best way to deal with customers is through ethics, patience and dedication to solving the problem.
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Completing market research and determining a target market is part of this section of the marketing plan.
O market analysis
O competitive analysis
O marketing strategies
Ostatement of objectives
Answers
Option A is correct regarding marketing plan.
What is market analysis?An in-depth analysis of the target market and competitive environment for your company within a given sector is known as a "market." The success you can anticipate when you launch your brand and its products to customers in the market can be projected using this study. Market analysis takes into account both qualitative and quantitative information, such as consumer values, wishes, and purchasing motivations. Quantitative information includes the size of the market you want to target as well as the pricing and revenue estimates that consumers are ready to pay.
What is market research?In order to effectively advertise products to a specific market, market research is the process of acquiring knowledge about that market, including its customers' wants and behaviors.
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In product development, what is an iterative
loop?
A. It is when customers and employees provide feedback to the
design team.
B. It is when the design team creates a prototype.
C. It is when a new product is released to the general public.
Answers
Answer:
The answer is A. It is when customers and employees provide feedback to the design team.
An iterative loop is a process in which the design team creates a prototype, tests it with customers and employees, and then uses the feedback to improve the prototype. This process is repeated until the design team is satisfied with the product.
Iterative loops are a valuable part of the product development process because they allow the design team to get feedback from real users early on. This feedback can help the team identify any problems with the design and make improvements before the product is released to the general public.
Here is an example of an iterative loop in product development:
1. The design team creates a prototype of a new product.
2. The team tests the prototype with customers and employees.
3. The team collects feedback from the users.
4. The team uses the feedback to improve the prototype.
5. The team repeats steps 2-4 until they are satisfied with the product.
Iterative loops can be used to develop any type of product, from software to hardware to consumer goods. They are a valuable tool for any design team that wants to create a product that meets the needs of its users.
Explanation:
mixed economy is characterized by a co existence of?
Answers
Answer:
See explanation below
Explanation:
A mixed economy is a mixture of capitalism (private enterprise) and socialism (public enterprise).
Jorge earns $20 per hour. He works 40 hours per week and takes 2 weeks of paid vacation each year. How much does Jorge
earn per year, assuming that he does not receive overtime pay?
Answers
An hourly wage of $20 equates to a yearly salary of $41,600 for someone working 40 hours per week for 52 weeks per year, or $40,000 if you take 2 weeks of unpaid leave (50 weeks per year). These figures are pre-tax, don't take into account for overtime or sick pay and assume you work the same number of hours every week.
The earnings of Jorge per year will be $41600 which includes 52 weeks will be $41600.
What is the arithmetic operator?Arithmetic operators are four basic mathematical operations in which summation, subtraction, division, and multiplication involve.,
As per the given,
Per hour earning = $20
Number of work hours in one week = 40
Total earning per week = 40 x 20 = $800
Number of weeks in one year = 52
Per year earning = 52 x $800 = $41600
Hence "Jorge will make $41600 year or $41600 over the course of 52 weeks".
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When must you wash your hands
Answers
Answer:
Before, during, and after preparing food. Before and after eating food. Before and after caring for someone at home who is sick with vomiting or diarrhea. Before and after treating a cut or wound.
wash your hands before and after always and preferably with antibacterial soap
Forever Living deals with:
Answers
Forever Living is a multi-level marketing company that primarily deals with health and wellness products, specifically focusing on aloe vera-based products.
Some of the main product categories offered by Forever Living include:
Aloe Vera Drinks: Forever Living offers a range of aloe vera-based drinks, including pure aloe vera gel, aloe vera juices, and blends with other fruit flavors. These products are marketed for their potential health benefits and nutritional value.
Personal Care Products: Forever Living produces a line of personal care items that incorporate aloe vera as a key ingredient. This includes skincare products such as moisturizers, cleansers, and toners, as well as items like shampoo, conditioner, and body wash.
Nutritional Supplements: The company offers various nutritional supplements, including vitamins, minerals, and dietary supplements. These products are designed to support overall health and well-being.
Weight Management: Forever Living provides weight management products, including meal replacement shakes, protein bars, and supplements targeted at supporting healthy weight loss or maintenance.
Bee Products: Forever Living also offers a range of bee-derived products, such as honey, bee pollen, and royal jelly. These products are promoted for their potential health benefits and natural properties.
Skincare and Cosmetics: The company has a line of skincare and cosmetic products that feature aloe vera and other natural ingredients. This includes facial cleansers, moisturizers, makeup, and more.
It's important to note that the specific product offerings and availability may vary depending on the region or country. Forever Living operates through independent distributors who promote and sell their products.
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What are the issues when new product development is conducted at multiple sites? How can these issues be addressed?
Answers
Answer:
안녕 난 상관 없어 무료 포인트 고마워
Explanation:
머리가 제일?
Which of the following do you prefer for business/ economic transactions.
1. Cash Vs Debit Card
2. Justify your choice
Answers
I personally prefer to use cash for business and economic transactions. I find that it provides a sense of security as I am able to physically see and hold the money, which makes it easier to keep track of my spending. Cash also allows me to have more control over my finances and helps me stick to a budget, as I can physically see how much money I have left. Additionally, using cash avoids the potential risks of identity theft or fraud that come with using electronic methods of payment such as debit cards. Overall, for me, cash provides a more reliable and secure way of conducting business and economic transactions.
Financial Planning Partners Inc., employs 12 fulltime CPAs and 10 paraprofessionals. Direct and indirect costs are applied on a professional laborhour basis that includes both attorney and paraprofessional hours. Following is information for 2018: Budget Actual Indirect costs Annual salary of each attorney Annual salary of each paraprofessional Total professional laborhours dlh dlh When using a normal costing system, yearend accounting records will show that indirect costs are ________. A. perfectly allocated B. within budget C. overallocated D. underallocated Click to select your answer.
Answers
The correct answer is C) overallocated.
When using a normal costing system, yearend accounting records will show that indirect costs are overallocated.
This means that in any business, overallocation is when resources are not correctly allocated to the departments or activities needed. SO when planning a project, overallocation can be the mistake of assig more resources to one side of the project, department, area, or unit. This implies the idea that other departments or activities are gings to lack the proper funding to do their work. Of course, overallocation can affect the results of the project or the time is needed to get it done.
mookie the beagle concierge makes a payment on the visa credit card
Answers
The balance of the VISA Credit Card account after the credit card payment is recorded is $0.00. This is because the payment of $800.00 was recorded, thus bringing the balance down to zero.
What is Credit Card?A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts plus the other agreed charges. The card issuer (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. A credit card is different from a debit card, which is linked to the cardholder's bank account, and money is withdrawn from the account to pay for goods and services. Credit cards are also different from charge cards, which require the balance to be paid in full each month.
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Complete Question:
EM6.11 Pay Credit Card
Mookie the Beagle Concierge makes a payment on the VISA credit card on 01/31/2023 in the amount of $800.
Required:
To record the payment on the VISA credit card:
From the Navigation Bar, select Expenses > select Expenses tab
From the New transaction drop-down menu, select Pay down credit card
For Which credit card did you pay?, select 2100 VISA Credit Card
For How much did you pay?, enter 800.00
For Date of payment, enter 01/31/2023
For What did you use to make this payment?, select 1001 Checking
Select Save and close
What is the balance of the VISA Credit Card account after the credit card payment is recorded?
Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount.
explain how poor finiacial literacy can effect your current and future carerrer aspirations
Answers
Poor financial literacy can affect a career in several ways. Financial literacy can help boost productivity and self-confidence. When we lack productivity, it can lead to sloppy work, and stress in the workplace.
What is financial literacy?Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. The meaning of financial literacy is the foundation of your relationship with money, and it is a lifelong journey of learning.
The earlier you start, the better off you will be because education is the key to success when it comes to money.
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a) Describe the procedures (steps), that can be followed during the process of recovering the amounts in the book debts from the time they are handed over to the administrator to the time the final amount is handed over to the official receiver
Answers
Official letter to be sent. This is not just a straightforward task, but it may also be mandated by law in amount some areas. Speak to a collection company. A debt collection service communicates with debtors by calling them, emailing them, and, if required, filing legal action. Make a legal claim.
If the client still refuses to pay, think about engaging a debt collector. Consider filing a lawsuit. To locate unpaid items, conduct a property search on the debt Personal Property Security Register (PPSR). To assist in obtaining payment, your creditor works with a collection agency amount. To repay the loan, you would only be coordinating with the collection agency.
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Interest expense on bonds payable is calculated as the: Multiple Choice Face amount times the stated interest rate. Carrying value times the stated interest rate. Carrying value times the market interest rate. Face amount times the market interest rate.
Answers
Interest expense on bonds payable is calculated as the: Carrying value times the market interest rate.
A bond can be defined as a fixed income instrument which is used to represent the indebtedness of a borrower (bond issuer) to an investor or creditor (bondholder).
Hence, when an investor or creditor (bondholder) purchases a bond, an agreed amount of money is being borrowed to the issuer (bond issuer) as a loan.
Consequently, the bond issuer is expected to pay an interest with a return of the principal amount at maturity to the bondholder (investor or creditor).
Hence, bonds payable only arises when a company issues (borrower) bonds so as to generate cash for its business and plans.
Interest expense on bonds payable is calculated as the carrying value times the market interest rate.
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Preparing a classified balance sheet for a merchandiser LO P4 Adams Co. reports the following balance sheet accounts as of December 31. Salaries payable Buildings Prepaid rent Merchandise inventory Accounts payable Prepaid insurance Accounts receivable Common stock $ 6,400 Retained earnings 61,400 Notes payable (due in 9 years) 7,400 Office supplies 14,800 Land 14,000 Accumulated depreciation-Building 3,800 Mortgages payable (due in 5 years) 8,000 Cash 14,000 $ 54,000 38,000 2,800 30,000 5,800 20,000 24,000 Required: Prepare a classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.
Answers
Answer:
Assets
Current Assets
Cash $24,000
Accounts Receivable $8,000
Merchandise inventory $14,800
Office Supplies $2,800
Prepaid Rent $7,400
Prepaid Insurance $3,800
Total Current Assets: $60,800
Property, Plant and Equipment
Buildings $61,400
Land $30,000
Accumulated Depreciation (5,800)
Total PP&E: $85,600
Total Assets: $146,400
Liabilities
Current Liabilities
Salaries Payable $6,400
Accounts payable $14,000
Total Current Liabilities: $20,400
Long-Term Liabilities
Notes Payable (due in 9 years) $38,000
Mortgages Payable $20,000
Total Long-Term Liabilities: $58,000
Total Liabilities: $78,400
Stockholders' Equity
Common Stock $14,000
Retained Earnings $54,000
Total Stockholders' Equity: $68,000
Total Liabilities + Stockholders' Equity: $146,400
On average, our representatives enroll one customer every 3 hours, while top performers make one sale per hour. How would you plan your workweek to maximize your earnings?*
Answers
Plan your workweek to maximize your earnings Identify peak sales hours, Set ambitious goals, Allocate more time during high-performance hours, Continuous improvement, Efficient time management, Develop strong customer relationships, and Continuous learning.
To maximize earnings in this scenario, it is important to strategically plan the workweek and focus on increasing the number of customer enrollments. Here is a potential plan to maximize earnings:
1. Identify peak sales hours: Analyze the data and determine the hours or time slots when sales are most likely to occur. This could be based on historical data or observations of customer behavior. Allocate more time during these peak hours to capitalize on potential sales opportunities.
2. Set ambitious goals: Aim to achieve or exceed the performance of top performers by setting ambitious sales goals. This mindset will drive motivation and focus throughout the workweek.
3. Allocate more time during high-performance hours: Dedicate a larger portion of the workweek to the hours when top performers make one sale per hour. By increasing the number of hours during these periods, there is a higher likelihood of securing more customer enrollments.
4. Continuous improvement: Regularly analyze and reflect on sales techniques and strategies. Identify areas for improvement and seek ways to refine your approach. This could involve studying successful sales tactics, attending sales training sessions, or seeking feedback from experienced colleagues or mentors.
5. Efficient time management: Optimize time management skills to ensure productivity during working hours. Eliminate distractions, prioritize tasks, and maintain a focused and organized work environment. This will help maximize the number of customer interactions and increase the chances of securing enrollments.
6. Develop strong customer relationships: Emphasize building rapport and establishing strong connections with potential customers. Focus on active listening, understanding their needs, and providing personalized solutions. By developing trust and fostering positive relationships, the likelihood of successful enrollments can increase.
7. Continuous learning: Stay updated on industry trends, product knowledge, and competitor offerings. This will enable you to effectively address customer inquiries, overcome objections, and provide value-added insights during sales interactions.
By implementing these strategies, planning the workweek to prioritize peak sales hours, setting ambitious goals, improving sales techniques, and managing time efficiently, you can increase the likelihood of maximizing earnings by securing a higher number of customer enrollments.
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1)Which of the following is an example of a corporate ritual?
A) Employees swapping stories about the company's history and past heroes who have madesignificant contributions to the company.
B) Company excutives using company-specific jargon or slogans intended to inspire other employees to perform better.
C)Companies hosting annual partics to commemorate employee contributions and rewardoutstanding performance.
D)The assortment of material artifacts that characterize an organization, including the layoutof its facilities,how its cmployees dress,and the types of automobiles provided to topexecutives.
Answers
Companies hold annual celebrations to honor employee contributions and recognize exceptional performance as an example of a corporate ritual. Thus, option C is correct.
What is ritual?Actively indulge in rituals only with the goal of reaching a variety of meaningful outcomes, such as lowering anxiety, feeling comfortable, easing bereavement, or succeeding in a contest.
Companies hosting annual parties among their contribution are rewarded for outstanding performance that would the boost the morale of the employees and put them towards better performance in the coming year is an example of corporate usage. Therefore, option C is the correct option.
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In March 2022, Samsung was the market leader with 48.12% of the market share mobile device vendors in South Africa. Evaluate whether such a high market share for one company is in the consumers’ interest. Use appropriate diagrammatic analysis to support your answer.
Answers
A high market share for one company may not be in the consumers' interest.
To evaluate whether a high market share for one company is in the consumers' interest, we need to consider the potential effects on competition, consumer choice, and pricing. Let's analyze the situation using diagrammatic analysis.
Market Structure:
A high market share for one company suggests a dominant market position. This can be represented by a monopoly or oligopoly market structure. In a monopoly, there is a single dominant company, while an oligopoly consists of a few large firms.
Consumer Choice:
In a market dominated by one company, consumer choice may be limited. With fewer competitors, there may be less diversity in product offerings, features, and pricing options. This lack of variety can restrict consumers' ability to choose products that best suit their preferences and needs.
Pricing:
A dominant company may have the power to influence prices in the market. With limited competition, they can potentially set higher prices, reducing consumer welfare. Higher prices can lead to reduced affordability and may discourage innovation and improvements in products and services.
Innovation and Quality:
Intense competition typically drives companies to innovate and improve their products to attract customers. In a highly concentrated market, the dominant company may have less incentive to invest in research and development or improve product quality, as there is less competitive pressure to do so. This could result in slower innovation and lower overall product quality.
Based on these considerations, a high market share for one company may not be in the consumers' interest. Limited competition can result in reduced consumer choice, potentially higher prices, slower innovation, and lower product quality.
Diagrammatic analysis:
A diagrammatic representation can help illustrate the potential effects of a high market share. Consider a simple demand and supply diagram with the quantity of mobile devices on the x-axis and the price on the y-axis.
In a competitive market, the supply curve represents the combined output of multiple firms, leading to a lower equilibrium price (Pc) and a higher equilibrium quantity (Qc) due to competition. Consumers have more choices and potentially lower prices.
However, in a market with a dominant company, the supply curve may shift or become more inelastic. This can result in a higher equilibrium price (Pm) and a lower equilibrium quantity (Qm) compared to the competitive market. Consumers may have limited choices and potentially higher prices.
Overall, the diagrammatic analysis supports the notion that a high market share for one company may not be in the consumers' interest, as it can lead to reduced competition, limited consumer choice, potentially higher prices, and less incentive for innovation and quality improvements.
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