Not adjusting the amounts reported in the financial statements for inflation is an example of the historical cost principle, which is a basic principle of accounting. The historical cost principle states that assets should be recorded at their original cost, rather than being adjusted for changes in their market value or purchasing power over time.
This principle assumes that the value of assets is more objectively measurable based on their original cost rather than their current value.
By not adjusting for inflation, the financial statements do not reflect the changing purchasing power of the currency used to measure the financial transactions. This can result in misleading financial statements as the reported amounts may not accurately represent the economic reality of the business.
However, it is important to note that while the historical cost principle is a widely accepted accounting principle, there are other methods, such as fair value accounting, that also recognize the importance of measuring assets at their current market value. Nonetheless, not adjusting for inflation is an example of adhering to the historical cost principle in accounting.
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With time, which one of the following strategies would most likely result in an outward shift in the production possibilities curve of an economy? a. an increase in the marginal income tax rate, which would reduce the work effort of individuals b. instituting a tax policy encouraging consumption at the expense of investment c. instituting a tax policy encouraging investment at the expense of consumption d. passage of legislation reducing the workweek to 30 hours
With time, instituting a tax policy encouraging investment at the expense of consumption is most likely to result in an outward shift in the production possibilities curve of an economy.
What is the production possibilities curve?
PPC stands for Production Possibility Curves, a method for visualising the trade-off between a project's marginal revenue (or benefit) and its variable costs. In this method, the project is represented by an arbitrary profit-maximizing project that can be constructed by changing the project's marginal cost. By displaying a succession of points that correspond to the ideal amount of money that can be employed to maximise the project's profitability, the curve depicts the potential profitability of the project. A "production possibility frontier," or the broadest conceivable combination of output levels and fixed costs, is how the term "production possibility curve" is derived.
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A budget is prepared as part of a(n) _____ plan.
Answer:
Financial
Explanation:
Answer:
A budget is part of a financial plan.
Explanation:
Financial work is anything having to do with money, and a budget is a plan for spending money. Therefore, budgets are part of a finance plan!!
In the weeks before the release of a new version of a product (a new iPad, for example), what will typically happen to the demand curve for the previous version of the product
With there release of the new version of a product , there would be a shift of the demand curve to the left to balance the change.
What is a demand curve?The demand curve is a representation that is used to present the relationship that exist between quantity demanded from a product and the corresponding price.
Therefore, since there is launching of new version of iPad , there would be a change in the demand curve because it will shift left.
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A local moderate to upscale restaurant in a wealthy town started up about five years ago. it appears to have few patrons. in order to help turn things around, restaurant management has decided to hire you as a marketing consultant.
How would you advise the restaurant to go about doing a SWOT analysis?
How would you advise the restaurant management to go about:
a. segmenting its market? what are the two broad areas that have to be examined in order to come up with a complete profile of each segment? come up with an example of a possible profile of one viable segment that the restaurant might target.
b. once all of the possible segments have been profiled. how do you go about determining whether each segment is viable?
c. other than market aggregation, what re two types of possible target market strategies that the resturant might purse? what are the relative advantages and disadvantages of each?
As a marketing consultant, I would advise the restaurant to conduct a SWOT analysis to assess its strengths, weaknesses, opportunities, and threats. Here's how they can go about it:
1. Strengths: Identify the restaurant's unique selling points, such as high-quality ingredients or a talented chef. Assess its reputation, customer service, and ambiance.
2. Weaknesses: Evaluate areas that need improvement, like slow service or outdated decor. Consider customer complaints or negative reviews.
3. Opportunities: Look for external factors that can benefit the restaurant, such as an increasing population or a growing interest in local cuisine. Consider collaborations with local businesses or events.
4. Threats: Identify potential challenges, such as new competitors or economic downturns. Assess any factors that might negatively impact the business.
For market segmentation, the restaurant should divide its target audience into distinct groups based on common characteristics, like demographics, psychographics, or behavior. Two broad areas to examine for a complete profile are demographics (age, gender, income) and psychographics (lifestyles, interests).
For example, a viable segment could be affluent professionals aged 30-45 who value organic, healthy food and enjoy a trendy dining experience.
To determine segment viability, analyze the size, growth potential, accessibility, and compatibility of each segment with the restaurant's capabilities and goals.
Two possible target market strategies are niche marketing and mass marketing. Niche marketing focuses on a specific segment with unique needs, offering tailored products/services. Mass marketing targets a broader audience, aiming for maximum reach.
The advantages of niche marketing include higher customer loyalty and less competition, while mass marketing offers economies of scale and broader market coverage.
In summary, conducting a SWOT analysis, segmenting the market, assessing segment viability, and choosing a target market strategy can help the restaurant improve its marketing efforts. Remember to consider the unique characteristics of the restaurant and its target audience throughout the process.
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Kim is on a crew that sets up the equipment for a very popular musician. Before the concerts, she sets up lights, microphones, sound equipment, and video screens above the stage. After the concerts, she takes down the equipment Her job is best described as Sylvia sets up, runs, and maintains the equipment for a radio station. Her job is best described as Kenneth works in a small studio using technical equipment and computers. He edits television commercials. His job is best described as Jose works in a music studio operating the equipment for musicians to record their music before selling it to the public. He adjusts the equipment so the recordings have good, clear sound. His job is best described as
Answer:
B,C,C,A
Explanation:i did it on edge 2021
His job is best described as an Audio and video equipment technician. They manage the electrical machinery used to produce radio and television shows, concerts, sound recordings, and movies.
What does an audio technician do?Audio technicians sometimes referred to as sound technicians, set up sound and recording equipment, test it out, and make modifications to help with recordings and sound production. They typically work in radio, television, film, concert halls, and recording studios.
Technicians that work with audio and video equipment operate devices including mixing boards, microphones, and video screens. They capture conferences, sporting events, concerts, and meetings.
Establish, run, and maintain the electronic machinery required to collect, edit, and broadcast audio and video for radio or television programs. To control sound volume, signal strength, and signal clarity in incoming and outgoing broadcast signals, make appropriate adjustments.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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SCENARIO: You want to go on the grade 12 class trip to Europe in a few years. Your
parent(s) said you can go if YOU earn and save the money for the trip AND if
you are willing to set aside money for your books for university/college. The
estimated cost for the trip is $5 000 CAD which includes taxes and exit fees, airfare,
accommodations and local transportation. The estimated costs for books are $1 000 for
the first year.
You currently have a part-time job making $14.60 an hour (which is the student
minimum wage). You work 4 hours on Saturdays and Sundays and 2 hours after school.
You do not work holidays and you can only work 4 hours a day for a maximum of 5
days during the summer months.
Earl Haig has issued a special student credit card with a $5 000 credit limit but if the
entire amount charged to the card is not paid in full, it could cost you an interest rate of
32.8%/a compounded monthly.
TASK: Assuming you currently have $150.26 saved thus far and you will get paid by
your parttime job at the end of this week.
✓ You will have to create a plan as to how you will achieve your goals
✓ You will have to create a budget.
o
O
o
o
Your budget must also include spending money for the trip.
Your budget must include travel insurance.
Your budget must also include the cost of your travel documents.
Your budget also must include setting aside money for paying for
textbooks the same year as the trip.
o Day-to-day expenses (now until grade 12)
**Please note: You cannot accept financial gifts from family and friends to help
you pay for the textbooks and the trip. You also cannot tap into any savings you may
already have in order to achieve this goal.
According to the question, to create a plan as to how you will achieve your goals we need $1,710/month.
What is goals?Goals are objectives that an individual has set for themselves. They can be short-term or long-term and can be personal, academic, or career related. Setting goals is important for helping an individual stay motivated, focused, and organized. It also helps an individual plan out what steps need to be taken in order to reach the goal.
With this budget, I will be able to save $1,710/month for the class trip and textbooks for university/college. I plan to save up the estimated amount for the trip ($5,000 CAD) and textbooks ($1,000) by the end of my grade 12 year. I will not be accepting any financial gifts from family and friends to help me pay for the trip or textbooks and I will not be tapping into any savings I may already have in order to achieve this goal.
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He offers an annual bonus of $10,000 for superior performance, $6,000 for good performance, $3,000 for fair performance, and $0 for poor performance. Based on prior records, he expects an employee to perform at superior, good, fair, and poor performance levels with probabilities 0.10, 0.20, 0.50, and 0.20, respectively. Calculate the expected value of the annual bonus amount
If he offers an annual bonus of $10,000 for superior performance, $6,000 for good performance, $3,000 for fair performance, and $0 for poor performance. Based on prior records, he expects an employee to perform at superior, good, fair, and poor performance levels with probabilities 0.10, 0.20, 0.50, and 0.20, respectively. The expected value of the annual bonus amount will be: $3,700
First step
Expected value for Superior performance=$10,000×0.10
Expected value for Superior performance=$1,000
Expected value for Good performance=$6,000×0.20
Expected value for Good performance=$1,200
Expected value for Fair performance=$3,000×0.50
Expected value for Fair performance=$1,500
Expected value for Poor performance=$0×`1,500
Expected value for Poor performance=$0
Now let determine the total expected value of the annual bonus amount
Expected value of annual bonus amount=$1,000+$1,200+$1,500+$0
Expected value of annual bonus amount=$3,700
Inconclusion if he offers an annual bonus of $10,000 for superior performance, $6,000 for good performance, $3,000 for fair performance, and $0 for poor performance. Based on prior records, he expects an employee to perform at superior, good, fair, and poor performance levels with probabilities 0.10, 0.20, 0.50, and 0.20, respectively. The expected value of the annual bonus amount will be: $3,700
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Alicia is working on a presentation about the top 10 employees of the month in her office. She wants to add a bold effect to the word Congratulations and a bright red color to it. Which element in the presentation software is she highlighting?
Answer: Highlight the headings in bold and choose your preferred colour.
Explanation:
For Alicia To add a bold effect on the word, she has to highlight the word she wants to work with and increase the size to your desired colour, this is also applicable to choosing preferred colour
As the number of distribution facilities in your network decreases and becomes highly centralized, what happens to your costs: Group of answer choices Outbound delivery costs to customers rise due to greater distance to customers Overhead costs go up because you have more facilities Cost of lost sales go down thanks to greater understanding of customer requirements Inventory costs go up due to greater safety stock requirements
As the number of distribution facilities in a network decreases and becomes highly centralized, several cost implications can arise.
Firstly, outbound delivery costs to customers may rise due to the greater distance to customers. With fewer distribution facilities, products need to be transported over longer distances, resulting in increased transportation costs. Secondly, overhead costs are likely to go up because having more facilities typically allows for better regional coverage and localized support, which reduces overall overhead expenses. Centralization reduces this advantage, leading to higher overhead costs.
The cost of lost sales may not necessarily go down due to greater understanding of customer requirements. While centralized operations can provide better coordination and control, localized distribution facilities may have a better understanding of specific customer needs, resulting in more targeted sales efforts. Inventory costs may also increase due to greater safety stock requirements. With fewer distribution facilities, there is less redundancy in the system.
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Question 3 of 10
If you achieve excellence in music, film, dance, literature, or visual arts, you
might qualify for this type of scholarship.
A. Underrepresented student scholarship
OB. Athletic scholarship
OC. Academic scholarship
D. Creative scholarship
Answer: Creative scholarship
Explanation: Because
If you achieve excellence in music, film, dance, literature, or visual arts, you might qualify for Creative scholarship. The correct option is (D).
What do you mean by the Creative scholarship?When you reimagine an existing piece of art or construct a new one from scratch, you are engaging in creative scholarship.
For fine arts students with talents in the visual arts, there are numerous innovative scholarship opportunities. Photography and design-based disciplines like painting, graphic design, and animation are considered visual arts majors.
You can participate in your field as both a student and a scholar through research and creative scholarship. Development of new knowledge and its discovery with the intention of disseminating it through publications, performances, and presentations.
Therefore, if you achieve excellence in music, film, dance, literature, or visual arts, you might qualify for Creative scholarship.
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both adidas and brooks standardize many of their shoe models and colors worldwide, which is an example of
Both adidas and brooks standardize many of their shoe models and colours worldwide, which is an example of Globalization.
What is globalization?
The term "globalisation" is used to describe how trade and technology have increased connectivity and interdependence around the world. The resulting economic and societal developments are also included in the scope of globalisation. It can be visualised as the strands of a massive spider web that has grown in size and reach over thousands of years. In the modern era, more people and more things have travelled these silky strands than ever before, and they have done so more quickly and in greater quantities.
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If you or anyone on your team comes across a data breach, it is not your responsibility to inform your immediate manager. It is up to them to figure it out. Reporting a false breach could do more harm to the business. True False
False
If you or anyone on your team comes across a data breach, it is your responsibility to inform your immediate manager or the appropriate authority within your organization. Promptly reporting a data breach is crucial to ensure that appropriate actions can be taken to mitigate the impact, protect sensitive information, and comply with legal and regulatory requirements.
Failing to report a data breach can have serious consequences for the business, including further compromise of data, legal implications, reputational damage, and financial losses. It is important to prioritize the security and protection of data and act responsibly in such situations.
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2. If changes happen during September or October, which expenses will you be able to change most easily? Give an example of how you could make a change. (5 points)
The correct answer to this open question is the following.
Although the question does not provide any context, references, or give options, we can say that if changes happen during September or October, the expenses you will be able to change most easily are according with the provisions projected in the annual plan, the budget, compared with the monthly expenses.
That is why a company has to elaborate on a good financial plan and overseeing the projections and true sales of the marketing and sales plan. This is important to take the proper control of expenses and revenues. Depending on the volume of sales during September and October, you can decide what kind of changes or adjustments to make in the following months.
Answer:
I would be able to change the variable expenses most easily. Such as food, clothing, and discretionary spending.
I could make the change by
Budgeting in October:
food from spending -$70 back to -$60
cut clothes off since I bought some already from -$40 to $0
budget my discretionary spending from -$60 back to -$40
This would increase my savings to $230
You met a businessman who has read a little about strategic intent and he says to you the idea of starategic intent does not appeal to me why spend 5 to 10 years in developing certain ability when one can easily go out and buy the best in technology and hire the best minds i will wait until i see what works and then take appropriate actions about technology updagradation and recruitment. how would you respond to this businessman?
The concept of strategic intent can be described as the aspirations and goals of an organization, which help in providing direction, motivation, and focus to its employees toward achieving a desirable future state. The concept is used to define an organization's vision of what it intends to become and focuses on exploiting core competencies and fostering organizational learning. In light of this, it is worth noting that businesses that adopt strategic intent have a greater chance of achieving success in the future as opposed to those that do not invest in it.
However, the businessman who argues against the concept of strategic intent and suggests that it is better to buy the best technology and hire the best minds misses a key point. Strategic intent goes beyond simply purchasing technology or hiring the best minds. Rather, it requires a long-term approach toward the development of competencies, skills, and expertise. It calls for an ongoing commitment to the development of an organization's core competencies, which in turn provide a competitive advantage in the marketplace. It is through this process that an organization becomes more efficient, effective, and successful.
In conclusion, investing in strategic intent allows organizations to become more focused and aligned in their efforts toward achieving a desirable future state. Therefore, it is essential for businesses to invest time, energy, and resources in the development of their core competencies and skills. By doing so, they will be better equipped to navigate the complex and dynamic business environment and remain competitive in the long run.
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use of the midpoint method to calculate the price elasticity of demand eliminates the problem of computing:
The midpoint method to calculate the price elasticity of demand eliminates the problem of computing a different elasticity value depending on the direction of price change.
The price elasticity of demand measures the responsiveness of quantity demanded to changes in price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price. However, when using the simple percentage change formula, the elasticity value obtained may differ depending on whether the price increases or decreases. This is because the percentage change in price will yield different results depending on the reference point chosen (i.e., the starting or ending price).
To address this issue, the midpoint method is used. The midpoint formula calculates the percentage change in price and quantity demanded by using the average of the initial and final values as the reference point. By doing so, it ensures that the elasticity value remains the same regardless of whether the price increases or decreases. This eliminates the problem of computing different elasticity values based on the direction of price change and provides a more accurate and consistent measure of price elasticity of demand.
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The Midpoint Method is a technique used in economics to calculate price elasticity of demand. It ensures that the same elasticity is obtained regardless of whether there is a price increase or decrease. This eliminates the need to compute elasticity separately for each scenario.
Explanation:The Midpoint Method is used to calculate price elasticity of demand. It eliminates the problem of computing elasticity when there is a price increase or decrease by using the same base (average quantity and average price) for both cases. This method allows for consistent comparison of elasticity between two price points.
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Heather is American and works for a U.S.-based company in Brazil. It appears the company has made a(n) ______ staffing choice.
Answer:
ethnocentric
Explanation:
A choice of ethnocentric staff can be defined as an approach in which an organization chooses to hire a team of staff of the same nationality as the host company, which guarantees several advantages and also some disadvantages.
A significant advantage is that having employees of the same nationality as the headquarters company, ensures that there is greater cohesion between culture and language, which guarantees an advantage in reducing barriers that may negatively affect the flow of organizational operations.
An increase in demand means that quantity demanded is higher at each price level. True or false
Answer:True
Explanation:
Which of the following is an example of a soft skill?
A. Ability to use CSS spreadsheets
B. Ability to manage spreadsheets
C. Ability to work well with a project team
D. Ability to manipulate images using computer software
Answer:
Ability to work well with a project team
Explanation:
What is a typical first transaction for a business?
a) Purchase of a building
b) Withdraw cash from company's bank account
c) Invests cash into business
d) Purchase Land
Please help, <3
Analyze two pricing strategies for their advantages and disadvantages and give reasons for a business to use each of those pricing strategies.
hope it helps
If net sales are $600,000 and gross profit is $412,800, what is the gross profit rate?.
If net sales are $600,000 and gross profit is $412,800, the gross profit rate is 68.8%.
Gross Profit: A company's gross profit is calculated by deducting its entire sales from its total cost of products sold. All products sold by the business are included in the overall sales. All of the variable costs related to sales are added together to form the overall cost of the products sold.
How can I determine my gross profit?
Cost of goods sold (COGS) is subtracted from total revenue to determine gross profit. Typically, only variable expenses are taken into account when determining gross profit from COGS. Variable expenses are those that are directly related to output (like material and shipping costs).
What is a gross profit, exactly?
Gross profit, often known as gross income, is calculated by deducting a company's cost of goods sold from its sales (COGS). It is frequently used to assess how effectively a business is controlling labor and resources throughout production.
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When a department has no idle capacity and will interrupt their current level of sales to regular customers, the lowest acceptable transfer price to supply product to another division is ______.
The lowest acceptable transfer price at which the product can be supplied to the regular customer, during no idle capacity, is the selling price of the product.
What is idle capacity?The idle capacity in terms of the manufacturing department can be understood as the remaining capacity held by the business over its regular production.
Thus, when a department has achieved its idle capacity due to which the current sales to the regular customer will hamper. In this case, the department cannot transfer or supply the product below its basic selling price.
Therefore, the selling price can be taken as the lowest acceptable transfer price.
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Company Z understands that their business is at risk. How can they use step two in the Decision-Making Process to reach their end goal of increasing sales and customer satisfaction?
Answer:
I have no clue
Explanation:
I need to answer something bc I'm new sorry
Answer:
Company Z can list the options on how to increase sales and make their business profit again. Some available options that can be listed are responding quickly to customer concerns instead of making them wait a long time, finding a way to have better parking, and to lower their overall prices when selling their products to customers.
Explanation:
For part a you are supposed to state what problems Company Z are having with their company, and if you look at the five steps, the next step for part b is to list some solutions to fix these problems. I hope this helps clarify part b a little bit!
The five steps are:
State the problem
List the options
Determine the pros and cons
Choose the best option
Evaluate the decision/choice
What is characteristic of an organization in which salespeople do most or all of their own marketing?
independent
small size
nonprofit
private
Answer:
private
Explanation:
people are doing private marketing to earn money for themselves
Your parents have promised to give you $8,000 when you graduate with your undergraduate business degree. They think you should be able to graduate four years from now. What happens to the present value (i.e., the value today) of this gift if you delay your graduation by one year and graduate five years from now
Delaying graduation by one year, the present value of a $8,000 gift decreases by approximately $559 due to inflation and the time value of money. Graduating five years from now instead of four leads to a lower present value of $7,441 for the gift.
The present value of the $8,000 gift promised by your parents would be affected if you delay your graduation by one year and graduate five years from now.
Present value is a financial concept that calculates the worth of future cash flows in today's terms, considering the time value of money.
By delaying your graduation, you effectively postpone the receipt of the $8,000 gift by one additional year. As a result, the present value of the gift would decrease.
This decrease occurs because the value of money decreases over time due to inflation and the potential opportunity cost of investing or utilizing the funds elsewhere.
The exact impact on the present value would depend on various factors such as inflation rate and discount rate.
Assuming an average inflation rate of 2% per year and a discount rate of 5%, the present value of the $8,000 gift would decrease to approximately $7,441 if you graduate five years from now instead of four.
Therefore, by delaying your graduation by one year, the present value of the $8,000 gift would decrease by around $559.
It's essential to consider these factors when evaluating the potential consequences of delaying your graduation and the associated financial implications.
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Businesses that use physical locations and e-business are known as
Answer:
Explanation:What an e-business sells can help to classify it. In addition to a physical location, physical goods can be offered through an online store or marketplace. Online retailers can offer almost any kind of product, including clothing, athletic products, and home items.
Online purchasing can give small companies who sell perishable artisanal goods like jams or cheeses access to a new, location-unrestricted market. Businesses can ship their products to clients within a day or two thanks to drop-shipping options and useful packaging. Additionally, they can collaborate to sell subscription boxes that bring together a variety of connected products and make them available to customers on a regular basis.
Hitter Corporation produces baseball bats for kids that it sells for $36 each. At capacity, the company can produce 56,000 bats a year. The costs of producing and selling 56,000 bats are as follows: (Click to view the costs.) Read the requirements. - Requirement 1. Suppose Hitter is currently producing and selling 42,000 bats. At this level of production and sales, its fixed costs are the same as given in the preceding table. Mantle Corporation wants to place a one-time special order for 14,000 bats at $21 each. Hitter will incur no variable selling costs for this special order. Should Hitter accept this one-time special order? Show your calculations. Determine the effect on operating income if the order is accepted. (Enter decreases in operating income with parentheses or a minus sign.) Increase (decrease) in operating income if order is accepted Hitter should Mantle's special order because it operating income by $
Hitter Corporation should accept Mantle Corporation's one-time special order for 14,000 bats at $21 each.
To determine whether Hitter should accept the special order, we need to compare the incremental revenue from the order to the incremental costs associated with it. Let's calculate these values:
Incremental Revenue:
Number of bats in the special order = 14,000
Selling price per bat = $21
Total incremental revenue = Number of bats * Selling price per bat
= 14,000 * $21
= $294,000
Incremental Costs:
Since the special order does not incur any variable selling costs, we only need to consider the variable manufacturing costs for producing the
To determine whether Hitter should accept the special order, we need to compare the incremental revenue from the order to the incremental costs associated with it. Let's calculate these values:
Incremental Revenue:
Number of bats in the special order = 14,000
Selling price per bat = $21
Total incremental revenue = Number of bats * Selling price per bat
= 14,000 * $21
= $294,000
Incremental Costs:
Since the special order does not incur any variable selling costs, we only need to consider the variable manufacturing costs for producing the additional 14,000 bats. Additional 14,000 bats.
Variable manufacturing cost per bat = $11
Number of bats in the special order = 14,000
Total incremental manufacturing costs = Variable manufacturing cost per bat * Number of bats
= $11 * 14,000
= $154,000
Incremental Profit (Operating Income):
Incremental profit = Incremental revenue - Incremental costs
= $294,000 - $154,000
= $140,000
From accepting Mantle Corporation's special order is $140,000. Therefore, Hitter Corporation should accept this one-time special order because it increases its operating income by $140,000.
Note: Please note that the fixed costs mentioned in the preceding table are not relevant in this analysis since they remain the same regardless of the special order. Only the incremental costs and revenue associated with the special order need to be considered.
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A company with two factories learns that by using robots and other high-tech
equipment it can produce the same quantity with just one factory. It decides
to close one of its factories. Under the WARN Act, who must be notified of
this decision?
O A. The workers at both plants and the state and federal departments
of labor
OB. The workers of the plant to be closed, the local government, and
the state's department of labor
O C. The workers at the plant to be closed, the local government, and
the state's dislocated-worker unit
O D. The workers at both plants, the local governments of both
communities, and both states' dislocated-worker units
Answer:
O C. The workers at the plant to be closed, the local government, and
the state's dislocated-worker unit
Explanation:
The WARN Act seeks to offer protection to workers, their families, and communities by compelling employers to give a 60 notice day in advance of a planned plant closure or intended mass layoffs. The advance notice provides workers and their families time to adjust to the pending loss of employment. It accords workers some time to seek alternative employment or acquire new skills to compete for jobs.
Apart from the affected workers, The WARN act requires employers to notify the state dislocated worker units. This facilitates dislocated worker assistance to be availed promptly to the affected worker. The local government representatives should also be notified.
Which factor of production would you consider a cow?
Answer:
Milk
Explanation:
Give brainliest please