Answer:
C. A commodity
Explanation:
Analysis of cash flows, analysis of competing hypotheses, consideration of analytical and accounting anomalies, big data and data analytics, consideration of the fraud triangle, use of graphical tools for analysis and communication, internal controls, the control environment and opportunity, interviewing for information and admissions, analysis of nonaccounting and nonfinancial numbers and metrics, financial statement and ratio analysis, consideration of red flags, and analysis of related parties are all examples of:
Answer:
Forensic accounting and fraud examination tools/techniques.
Explanation:
Forensic accounting is one that make use of auditing as well as accounting and investigative skills in conducting examination about the Businesses and individuals finances. It gives accounting analysis that could be used in legal proceedings. It is one of the tools/ techniques for fraud examination
Which of the following would appear in the cash flows from investing activities section of the statement of cash flows?
a. Cash received from stock issued
b. Cash received from bonds payable
c. Depreciation expense on equipment
d. Cash paid for equipment
The correct answer is:
d. Cash paid for equipment
Cash flows from investing activities include transactions related to the acquisition or sale of long-term assets such as property, plant, and equipment. Cash paid for the purchase of equipment would be categorized as an investing activity because it involves the outflow of cash for the acquisition of a long-term asset.
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
The most common measure of __________ is the spread between the number of shares which advance in price and the number of shares which decline in price.
A. market breadth
B. market volume
C. odd-lot trading
D. short interest
Answer:
A)market breadth
Explanation:
Breadth of market can be regarded as indicator that is been utilized in security analysis. It can be computed on a stock market through finding the ratio of advancing stocks numbers to that of number of declining stocks.
It should be noted that the The most common measure of market breadth is the spread between the number of shares which advance in price and the number of shares which decline in price.
A firm has developed a new kind of knitting needle and they want to know if experienced knitters will see it as an improvement. The firm
should hire a(n).
O standardized marketing firm
O syndicated marketing firm
customized marketing firm
O internal marketing firm
Answer:
1. This football match is ……..we have ever played.
List the major influences on business buyer behavior. Why is it important for the B-to-B marketer to understand these major influences?
Some of the major influences on business buyer behavior are environmental, organizational, interpersonal & individual factors. It is important for B-to-B marketer to understand the major influences to allow them recognize the needs of the business buyer.
What is the meaning of business buyer behavior?In marketing, a business buyer behaviour means those intent and behaviour shown by companies and employees into making purchases for the organization. The concept of business buying behaviour helps in understanding the needs and wants of a business and making appropriate purchases which ultimately help a company to derive profits.
Most time, the business buyers behaviours are influenced heavily by factors in the current and expected economic environment such as the level of primary demand, the economic outlook and the cost of the money. When an economic uncertainty rises, most of the business buyers cut back their new investment and attempt to utilize their inventories.
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Suppose the data have a bell-shaped distribution with a mean of 25 and a standard deviation of 5. Use the empirical rule to determine the percentage of data within each of the following ranges.
(a) 15 to 35 approximately 68% approximately 95% almost all
(b) 10 to 40 approximately 68% approximately 95% almost all
(c) 20 to 30 approximately 68% approximately 95% almost all
Answer:
a) 15 to 35 approximately 95%
(b) 10 to 40 approximately almost all
(c) 20 to 30 approximately 68%
Explanation:
The data have a bell-shaped distribution which means the data is equally distributed on both sides of the mean.
We have the mean at 25 and a standard deviation of 5 which means that the interval is for each of the values of 5 .
The mean would be u and
The first value would be u ±σ = 25 ± 5= 20 and 30 (68 % )
The second value will be u ± 2σ= 25± 10 = 15 and 35 (95%)
The third value will be u ± 3σ= 25 ± 15 = 10 and 40 (99.7 % almost all)
In the figure below the light blue region gives u ±σ on both sides of the mean
, dark blue gives u ± 2σ values on both sides of the mean and grey gives
u ± 3 σ values on both sides of the mean.
It is obvious that 68 % of the data is contained in the u ±σ light blue region, 95 % of the data in the u ± 2σ dark blue including light blue and 99.7 % in the u ± 3σ all colored regions.
Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.
Journal Entry:
Date: [First year-end date]
The amortization expense for the first year is $120,000.
Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.For more such questions on Journal Entry
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Blue Llama Mining Company is analyzing a project that requires an initial investment of $3,225,000. The project’s expected cash flows are: Year Cash Flow Year 1 $300,000 Year 2 –100,000 Year 3 425,000 Year 4 450,000 Blue Llama Mining Company’s WACC is 10%, and the project has the same risk as the firm’s average project. Calculate this project’s modified internal rate of return (MIRR):
Modified Internal Rate of Return (MIRR) = (Future value of positive cash flows / present value of negative cash flows) (1/n) – 1
= ($11,75,000 /-$3,304,400) (1/5) - 1
= -0.35558x -0.8
= 0.28446
MIRR = 28.46.
The modified internal rate of return (MIRR) presupposes that initial investments are funded at the firm's financing cost and that positive cash flows are reinvested at the firm's cost of capital.
The MIRR is calculated as:
Future Value of positive cash flows:
1 $300,000
3 $425,000
4 $450,000
Total $1,175,000
Present value of negative cash flows:
0 -$3,225,000
2 -$79400 )$100,000 x 0.794)
Total -$3,304,400
The Modified Internal Rate of Return for Blue Llama Mining Company is greater than its Weighted Average Cost of Capital. Therefore, the project should be accepted.
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If you were Marshall’s manager how might you increase Marshall’s awareness of the negative impact he is having on his team?
As Marshall's manager, I would increase his awareness of the negative impact he is having on his team by providing specific and constructive feedback on his behavior and its consequences. This would involve having open and honest conversations with Marshall, highlighting examples of how his actions are affecting team morale, productivity, and collaboration.
In order to effectively address Marshall's negative impact on his team, it is important to approach the situation with clarity and professionalism. By providing specific examples of incidents where Marshall's behavior has caused harm, I can help him understand the direct consequences of his actions. This feedback should be delivered in a constructive manner, focusing on the behaviors rather than attacking his character.
By emphasizing the impact on team dynamics, performance, and overall work environment, Marshall can begin to see the need for change. Additionally, it would be beneficial to discuss alternative approaches and provide guidance on how he can improve his interactions with the team. Ongoing feedback and support from me as his manager can help Marshall recognize the negative impact he is having and encourage him to take steps towards positive change.
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List a minimum of four reasons why you might be rejected for a job offer.
Answer:
1. You don't have enough experience for the job.
2.There was a better candidate for the job.
3.You didn't take an interview seriously.
4.Your not professional enough.
5.You might have a criminal record and this job you are applying for doesn't want someone with a bad record.
6.You don't have any recommendations.
7.Your previously bosses say that you aren't a good employee.
8.You aren't punctual. (on time)
You misidentified the post for which you applied. You made a horrible first impression. You lack the necessary experience for the position. A better applicant was available for the position.
What are the methods of accepting and rejecting Job offers ? You weren't serious about the interview. You lack professionalism. This job you are seeking for might not want someone with a criminal record since you might have one. You lack any recommendationsAccept the job:
There are many different ways to accept a job, and frequently, people do so because they are attracted to the conditions that the employer is offering, such as the pay or the work schedule.
The ideal technique to accept it is in person, outlining what you anticipate from the business and expressing gratitude for the chance.to cooperate with them
Reject the position:
A lot of people turn down jobs due to unstable economic conditions, negative company references, demanding schedules, or a counteroffer from another employer.
The ideal method to turn down a job is to send an email explaining why you can't do it without getting into too much detail, without using many words, or in a stilted, official manner.
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What does trade allow for specialization?
Answer:
Trade allows specialization based on comparative advantage and thus undoes this constraint, enabling each person to consume more than each person can produce.
Explanation:
onsumer Economics: Tutorial
Part E
At what wage rate will there be excess labor supplied in the market?
Excess labor supply in the market occurs when the wage rate is above the equilibrium level.
Consumer economics refers to the study of how individuals and households make decisions about what they consume, how they save and invest, and how they allocate their resources.The wage rate at which there will be an excess supply of labor in the market is known as the equilibrium wage rate. This means that the quantity of labor demanded equals the quantity of labor supplied.
At a wage rate above the equilibrium level, there is a surplus of labor available as the quantity supplied of labor is greater than the quantity demanded for labor. On the other hand, at a wage rate below the equilibrium level, there is a shortage of labor as the quantity demanded of labor is greater than the quantity supplied for labor. Thus, the equilibrium wage rate is essential to maintain stability in the labor market.The equilibrium wage rate is determined by the forces of demand and supply.
The demand for labor arises from the demand for goods and services that labor produces. The supply of labor arises from the willingness of people to work at a particular wage rate. The equilibrium wage rate is the wage rate where the quantity of labor demanded is equal to the quantity of labor supplied in the market.Therefore, excess labor supply in the market occurs when the wage rate is above the equilibrium level.
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ash flows from investing activities, it's important to review where a company's investment activity falls within its financial statements. There are three main financial statements: the balance sheet, income statement, and cash flow statement.
Organizations should monitor and analyze three main types of cash flow: cash flow from operating operations, cash flow from investment activities, and cash flow from financing activities. These three categories of cash flow can be used to determine the liquidity and solvency of the company. All three appear on the cash flow statement of a business.
What are the three financial statements?
Income statement, balance sheet, and cash flow statement are all required financial statements.
Trading professionals can utilize these three statements as instructional tools to evaluate a company's financial standing and swiftly ascertain its true worth.
Why Are Investment Activities Important?
The line item for investing activities is one of the most significant ones on a company's cash flow statement.
You can learn from them about how a company might develop in the future and generate more income.
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What’s the best way to find the load capacity of a crane?
The load capacity of a crane can be found by checking the load chart, calculating the effective load, calculating the capacity at the working radius, and checking the stability of the crane.
The load capacity of a crane refers to the maximum weight that it can lift and transport safely without any damage to the crane. The maximum load capacity of a crane is determined by its design and other specifications. The best way to find the load capacity of a crane is by checking the manufacturer's load charts and calculating the effective load that the crane can lift in various positions and operating conditions. Below are the steps to find the load capacity of a crane.
Step 1: Check the load chartThe load chart provides information about the crane's capacity in various conditions and configurations. It shows the maximum weight that can be lifted at different radii and boom lengths. The load chart also indicates the crane's stability in different positions. The load chart should be specific to the crane's model, and it should be available from the manufacturer or the crane supplier.
Step 2: Calculate the effective loadThe effective load is the weight of the load plus any rigging gear, such as slings, shackles, and hooks. The effective load should be calculated for every lift to ensure that the crane is not overloaded. The effective load is calculated by adding the weight of the load to the weight of the rigging gear. The weight of the rigging gear should be included in the load chart or specified by the manufacturer.
Step 3: Calculate the capacity at the working radiusThe working radius is the distance from the center of rotation of the crane to the center of gravity of the load. The capacity of the crane is affected by the working radius. The closer the load is to the crane, the higher the capacity. The capacity at the working radius is calculated by multiplying the effective load by the load radius factor, which is provided in the load chart. The load radius factor takes into account the boom length, the angle of the boom, and the crane's capacity. It varies for different radii and boom lengths.
Step 4: Check the stability of the craneThe stability of the crane should be checked to ensure that it can lift the load safely without tipping over. The crane's stability depends on the configuration, the location of the load, and the position of the crane. The load chart provides information about the crane's stability in different positions and configurations. If the crane is unstable, the load should be repositioned or a more stable crane should be used.
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The XYZ Company has just created a new hair product. Which of the following are the next two steps the company should take? Select all that apply.
A. It should create other kinds of products.
B. It should develop the product’s message.
C. It should advertise the product on the radio.
D. It should decide how much to charge for the product.
Answer:
b and d
Explanation:
The company XYZ has created hair product
the company should develop the message It should decide about the price and how much to charge for it.Thus the options B and D are correct.
What is a hair product?The hair product is one that gives you hair the care it needs The company named XYZ has made the hair product that can be applied on the scalp and is a type of facial.
The hair prediction tends to convey the message in the content of the culture and physical characteristics of the hair. The product should have proper labeling and must have instructions to use it. Along with the price information.
Fin out more information about the hair product.
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can someone explain me how to create a confrontationmatrix ?
Answer: The confrontation Matrix is actually a component of the SWOT Analysis whereby strong and weak points are "confronted" with opportunities and threats with the aim of developing a good strategy. In a marketing plan, the Confrontation Matrix often plays an important role. It is the results from the research which by the matrix serve as basis for the rest of the report (strategy and action plan). Apart from that, the input of the model into the marketing plan is not essential. It is only an aid!
Explanation:
In order to create your confrontation matrix, you need to have completed your SWOT analysis and prioritized the information first. With the conclusions of the SWOT analysis, write down the Opportunities and Threats on the horizontal axis and the Strengths and Weaknesses on the vertical axis.
Then comes entering values; you can give 3 scores (1,2, and 3 points making it 6 points in total), for each external opportunity and threat.
For example, take a look at the first opportunity and identify which strength or weakness is most important here and score it 3. You can give the second most important strength or weakness a 2, and the third most important a 1. Similarly, go through all the opportunities and threats and fill in the fields of the matrix.
Analyze the results of the matrix; actions must be taken to deal with the strengths and weaknesses that you have scored the highest first.
Invest in strengths and opportunities that have received high points, while taking care to carefully eliminate the threats and weaknesses that got high scores.
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Which resources would be classified as a land factor of production?
A)
milk
B)
petroleum
C)
timber
D)
tractor
E)
workers
Timber and Petroleum can be classified as a land factor of production
Land is part of the four factors of production. The other three factors are Capital, Labour and Entrepreneur.
Let understand clearly that Land refers to anything that comes from the land and serves as resources used to produce goods and services.Capital is the factor that provides the money needed to run the business operation. The reward is Interest.Labour is the factor that helps the business run its day to day operation and this includes workers, staff etc. The reward for labor is Wages and salary.Entrepreneur is the factor that control and manage the other three factor of production. The reward for entrepreneur is Profit.
In conclusion, Petroleum and Timber are part of land and they serves as resources used to provide refined fuel, furniture and so on.
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What percent of the educated workforce in the world can be found outside of the US?
O 75%
O 25%
O 50%
15%
Answer:
A. 75%
Explanation:
A workforce is a term used to describe the number of able people working for government, establishments, institutions and private companies etc in a society. Thus, educated workforce implies the number of educated able people that have the ability to work with respect to their academic discipline.
US has a high number of workforce and compensating packages for them. But when compared to other countries, over 75% of educated workforce exists outside of the United States of America.
XYZ Plc
Statements of financial position (Balance Sheets) as at 31 March
2019 2020
£m £m
ASSETS
Non-current assets
Property, plant & equipment (at cost less depreciation)
Land & buildings 386 430
Fixtures & fittings 134 170
520 600
Current assets
Inventories 350 410
Trade receivables 240 280
Cash at bank 5 -
595 690
Total assets 1115 1290
EQUITY & LIABILITIES
Equity
£0.50 ordinary shares 400 400
Retained earnings 275 245
675 645
Non-current liabilities
Borrowings - 9% loan notes (secured) 250 350
7
Current liabilities
Trade payables 165 200
Taxation 22 4
Short-term borrowings (all bank overdraft) 3 91
190 295
Total equity & liabilities 1115 1290
Income Statements (Profit & Loss Accounts) for the year ended 31 March
2019 2020
£m £m
Revenue 2500 2750
Cost ofsales (1850) (2375)
Gross profit 650 375
Operating expenses (410) (340)
Operating profit 240 35
Interest Payable (18) (20)
Profit before taxation 222 15
Taxation (55) (3)
Profit for the year 167 12
Notes:
ii.The market value of the shares of the business at the end of the reporting period was £3.00 for
2019 and £2.00 for 2020.
iii.All sales and purchases are made on credit.
iv. At 1 April 2018, the trade receivables stood at £250 million and the trade payables at £210
million.
v. A dividend of £40 million had been paid to the shareholders in respect of each of the years.
vi.The business employed 14,000 staff at 31 March 2019 and 18,628 at 31 March 2020.
vii.The business expanded its capacity during 2020 by setting up a new warehouse and distribution
centre.
viii.At 1 April 2018, the total of equity stood at £450 million and the total of equity and noncurrent liabilities stood at £650 million.
a) In 2019, the company's total revenue was £2500 million, cost of sales was £1850 million, gross profit was £650 million, operating expenses were £410 million, and profit before taxation was £222 million.
b) The company paid a dividend of £40 million to shareholders in each of the years.
c) The market value of the shares of the business at the end of the reporting period was £3.00 for 2019 and £2.00 for 2020.
d) The business employed 14,000 staff at 31 March 2019 and 18,628 at 31 March 2020.
a) The income statements provide information about the company's financial performance in terms of revenue, cost of sales, gross profit, operating expenses, and profit before taxation for the years 2019 and 2020. The figures show that the company experienced a decrease in profitability in 2020 compared to the previous year due to increased cost of sales and lower revenue. The decrease in revenue can be attributed to the impact of the COVID-19 pandemic on the company's operations.
b) Dividends are payments made by a company to its shareholders from its profits. The financial statements show that the company paid a dividend of £40 million to its shareholders in each of the years 2019 and 2020. This indicates that the company is committed to returning a portion of its profits to its shareholders.
c) Market value is the price at which a share is traded on the stock exchange. The notes to the financial statements indicate that the market value of the shares of the business at the end of the reporting period was £3.00 for 2019 and £2.00 for 2020. The decrease in market value in 2020 can be attributed to the impact of the COVID-19 pandemic on the company's operations and the wider economic environment.
d) The number of employees provides an indication of the company's workforce size and can reflect changes in the company's operations. The financial statements show that the company employed 14,000 staff at 31 March 2019 and 18,628 at 31 March 2020. The increase in the number of employees can be attributed to the expansion of the company's operations, including the setting up of a new warehouse and distribution centre in 2020.
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The complete question is:
a) What is the company's total revenue, cost of sales, gross profit, operating expenses, and profit before taxation in 2019 and 2020?
b) How much did the company pay as dividends to shareholders in each of the years?
c) What was the market value of the shares of the business at the end of the reporting period in 2019 and 2020?
d) What was the total number of staff employed by the business at 31 March 2019 and 31 March 2020?
Question 2. (6)
Briefly explain why Investors, Competitors and Suppliers take interest in
accounting information related to a business. (Please include examples)
Answer:
They like googIe
Explanation:
Jenna purchased 500 shares of XYZ stock for $10 per share. The stock paid the following dividends: Year 1: $0.25 per share Year 2: $0.27 per share Year 3: $0.29 per share Assume the stock is trading for $15 per share at the end of Year 3. Calculate the time-weighted return for XYZ stock over this period.
Based on the price of the stock and the dividend over the years, the time-weighted return of XYZ stock is 16.83%.
What is the time-weighted return of XYZ stock?In this case, the Time weighted return can will be the same as the IRR so the IRR function on a spreadsheet can be used to find the return.
Year 0 return = -$10 per share
Year 1 = $0.25
Year 2 = $0.27
Year 3 = (0.29 + 15) = $15.29.
Time weighted return will be 16.83% as shown in the attachment.
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What are some products that have tariffs restricting their trade or subsidies promoting it (imposed either by the US or a trading partner)?
What are the dangers or benefits of removing a trading barrier or a subsidy?
Answer:
Some examples of products that have tariffs restricting their trade or subsidies promoting it are:
Steel and aluminum: The US imposed tariffs on steel and aluminum imports from several countries in 2018, citing national security concerns. Some countries, such as Canada and the EU, responded by imposing retaliatory tariffs on US exports of steel and aluminum. These tariffs have the potential to raise prices for consumers and hurt industries that rely on steel and aluminum imports.
Agricultural products: Many countries impose tariffs on imported agricultural products to protect their domestic farmers. For example, Japan has high tariffs on rice imports, while the US has tariffs on imported sugar. Subsidies for agriculture are also common, with many countries providing financial support to their farmers. These policies can make it difficult for farmers in other countries to compete in the global market.
Textiles and clothing: The US and many other countries have quotas on textile and clothing imports from certain countries, such as China. These quotas limit the amount of products that can be imported and help protect domestic textile and clothing manufacturers. However, removing these quotas could lead to lower prices for consumers and more competition in the industry.
The dangers or benefits of removing a trading barrier or a subsidy depend on the specific situation. Removing a tariff or quota can increase competition and lead to lower prices for consumers, but it can also hurt domestic industries that are unable to compete with imports. Removing a subsidy can reduce government spending and level the playing field for businesses, but it can also lead to job losses and hurt industries that have come to rely on the subsidy. It is important to carefully consider the potential effects of any policy change before implementing it.
Explanation:
(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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As a multinational corporation, Starbucks is able to
A establish coffee prices for all companies
B lower product standards
C sell coffee only in the United States
D sell coffee to other parts of the world
As a multinational corporation, Starbucks can D. sell coffee to other parts of the world.
Characteristics of a multinational corporation: It is registered and has business operations in more than one country.For example, Starbucks has its headquarters in the U.S.It can operate wholly or partially owned subsidiaries in other countries.Sell its franchise to other companies using its brand name.
Starbucks may not establish coffee prices for all companies or lower product standards, or sell coffee only in the United States.
Thus, Starbucks can sell coffee to other parts of the world.
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Answer: d
Explanation:
microeconomics definition of economics cost
In microeconomics, the concept of economic cost refers to the total value of resources, both explicit and implicit, that are sacrificed or foregone in order to produce a particular good or service.
It goes beyond the monetary expenses and includes the opportunity cost of using resources in one way instead of their next best alternative use. Economic cost comprises two main components:
Explicit Costs: These are the actual out-of-pocket expenses incurred in the production process. They include the cost of labor, raw materials, rent, utilities, and any other direct payments made to suppliers or factors of production. Explicit costs are tangible and measurable in monetary terms.
Implicit Costs: These represent the opportunity cost of utilizing resources in a specific production activity. Implicit costs are the benefits or values associated with the next best alternative that is forgone when resources are allocated to a particular use. They often involve the use of self-owned resources or factors of production, such as the foregone income from not working at another job or the foregone rental income from not leasing out a property.
To calculate the economic cost of production, both explicit and implicit costs need to be taken into account. By considering the full range of costs, economists aim to capture the true economic impact of a decision or an activity, providing a more comprehensive understanding of the costs involved in the production process.
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Which of the following supports a business strategy that incorporates the key
operational capability of flexibility?
O Utilizing specialized, automated equipment for consistent product buildup
O Using electronic tools to improve customer communications
Having high quality standards for suppliers
O Reducing labor and shelving costs
O Maintaining excess production capability
Business strategy that incorporates the key operational capability of flexibility is utilizing specialized, automated equipment for consistent product buildup.
Thus, the correct option is A.
What is Business strategy?
A business strategy explains the precise methods through which a company intends to position itself, accomplish its short- and long-term objectives, and expand over time.
A plan outlining how a corporation will accomplish its objectives is known as a business strategy. Although there are many distinct business strategies, cost leadership, differentiation, and focus are a few typical examples.
Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. Focusing your business on just one thing is generally the simplest to implement.
A strategy is essentially just a hypothesis. For a strategy to be effective, the issue that needs to be resolved must be accurately diagnosed, a guiding policy must be established to handle the issue, and a set of cogent actions must be proposed to carry out the policy.
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If direct materials are added at the beginning of a process, the equivalent units completed of direct materials will be: Group of answer choices Equal to equivalent units completed of conversion costs Equal to the physical units completed Less than physical units completed None of the above
Answer:
Equal to the physical units completed
Explanation:
If direct materials are added at the beginning of a process, the equivalent units completed of direct materials will be Equal to the physical units completed. This is because at the end of the process the equivalent units will be 100% complete as to direct materials.
The basic principle involved with expense recognition is: Multiple Choice All costs that are used to generate revenue are recorded in the period the revenue is recognized. All transactions are recorded at the exchange price. The business is separate from its owners. The business will continue to operate indefinitely unless there is evidence to the contrary.A company orders office supplies in June. Those supplies are received and paid for in July. The supplies are used in August. In which month should the company record supplies expense
Answer:
All costs that are used to generate revenue are recorded in the period the revenue is recognized
Supplies expense is recorded in August
Explanation:
Expenses are the cost that a company incurs in the process of generating revenue from an asset. As such when a business is paying cost like wages, rent, and office materials it is generating revenue from sales and services provided.
The expense recognition principle requires that a business records expenses when revenue associated with them are recognised.
An office that orders office supply and uses them in August will only recognise supply expense when there is use of the office supply.
So supply expense will be recognised in August
Which is a characteristic of a market economy?
a. all resources are owned communally
b. economic activity is coordinated by government decision-makers
c. individuals own all of the resources
d. governments own the parks and roads but the rest is owned by the people
The characteristic of a market economy is c. individuals own all of the resources
In a market economy, people receive salaries and have the freedom to purchase whatever they want. It may be described as a system of economics. In this system, the numerous interactions between businesses, markets, and the people in any country determine economic decisions as well as the costs of commodities.
Economic activity is largely influenced by human choices and the principles of supply and demand in a market economy. This indicates that people and organisations control the resources they employ to generate commodities, including labor, capital, and land. In a market economy, the function of the government is largely restricted to defending property rights, upholding agreements, and fostering competition.
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