They have to sell 15,625 CDs to maintain their current contribution to the organization.
To maintain their current contribution to the organization, the company needs to cover the additional $75,000 investment in the advertising campaign. The contribution margin per CD is the selling price minus the variable costs. In this case, the contribution margin per CD is $10.00 - ($2.50 + $0.70 + $2.00) = $4.80.
To cover the $75,000 investment, the company needs to sell enough additional CDs to generate a contribution of $75,000. Dividing $75,000 by the contribution margin per CD gives us the number of additional CDs they need to sell, which is $75,000 / $4.80 = 15,625 CDs.
Therefore, the company would need to sell 15,625 more CDs to maintain their current contribution to the organization after investing $75,000 in the advertising campaign.
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Fernando's Pasta purchased inventory and later wrote it down. The current net realizablevalue is higher than the value when written down. Fernando's inventory balance will most likely be:
A. higher if it complies with IFRS.B. higher if it complies with U.S. GAAP.C. the same under U.S. GAAP and IFRS.
The inventory balance for Fernando's Pasta, which has been written down and has a current net realizable value higher than the written-down value, will most likely be: Higher if it complies with IFRS (International Financial Reporting Standards). The correct option is A
Under IFRS, companies are allowed to reverse inventory write-downs if the net realizable value increases. This means that if Fernando's Pasta follows IFRS, it can increase the inventory balance to reflect the higher net realizable value.
On the other hand, U.S. GAAP (Generally Accepted Accounting Principles) does not permit the reversal of inventory write-downs. Therefore, if Fernando's Pasta complies with U.S. GAAP, its inventory balance will remain the same as the written-down value and will not reflect the higher net realizable value.
In summary, Fernando's inventory balance will most likely be higher if it complies with IFRS, as this accounting standard allows for the reversal of inventory write-downs in cases where the net realizable value increases.
Conversely, if the company complies with U.S. GAAP, the inventory balance will remain the same due to the prohibition of write-down reversals.
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Complete question:
Fernando's Pasta purchased inventory and later wrote it down. The current net realizablevalue is higher than the value when written down. Fernando's inventory balance will most likely be:
A. higher if it complies with IFRS
B. higher if it complies with U.S. GAAP.
C. the same under U.S. GAAP and IFRS.
In the United States, there are various forms of economic oversight that are performed by the government. Sometimes the government will step in when they feel the need to encourage competition in a particular industry and to break up companies that have nearly complete control over a particular market. What is this called when the government initiates action against companies that appear to have too much power?
Antitrust laws initiate action against companies that appear to have too much power.
Antitrust laws are rules that promote competition by restricting a firm's ability to dominate the market. This frequently entails dismantling monopolistic enterprises as well as making sure mergers and acquisitions don't excessively concentrate market power.
Additionally, cartels or groups of companies working together to restrict competition through tactics like price fixing are prohibited by antitrust laws. Antitrust law has developed into distinct legal expertise as a result of the difficulty in determining what actions may restrict competition.
Federal antitrust laws are currently enforced by the Federal Trade Commission, often in cooperation with the Department of Justice.
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Which of the following are true for the keyword "dark chocolate"? (select all that apply) it's a broad match keyword it's a phrase match keyword it would trigger your ad for the search query "sugar-free dark chocolate" it would trigger your ad for the search query "chocolate dark" it's a negative keyword it would trigger your ad for the query "chocolate health benefits" it's an exact match keyword
Answer:
Based on the given information, the following statements are true for the keyword "dark chocolate":
Explanation:
It's a broad match keyword.
It would trigger your ad for the search query "sugar-free dark chocolate."
It would trigger your ad for the query "chocolate health benefits."
The other statements are false:
It's not a phrase match keyword because it doesn't match the search query exactly.
It's not a negative keyword because it doesn't exclude any specific search queries.
It would not trigger your ad for the search query "chocolate dark" because the word order is reversed.
It's not an exact match keyword because it can match variations and additional words before or after the phrase.
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how many tines in earth does the sun intersect equartor
Answer:
два
Explanation:
This is for my class in finance
What is one way to minimize the impact of unplanned spending on a budget?
I will mark brainliest !!!
Answer:
1. Work with credit card companies. ...
2. Sell your stuff. ...
3. Earn extra income. ...
4. Take on a short-term money loan. ...
5. Re-budget to live below your means. ...
6. Ask for a paycheck advance. ...
7. Make sure you're prepared for next time.
Consider the following work breakdown structure: Create a PERT Chart What is the Critical Path?
Critical Path: The critical path is the longest task sequence of a project. PERT charts are used to determine the critical path of a project to estimate its duration
What is the Critical Path?
WBS resolves the project into actionable steps and manageable sections. Start with the earliest task, and determine which following activities cannot be completed until this task is finished. The longest, more time-consuming task is the next step in the critical pathCritical Path Analysis formally identifies tasks which must be completed on time for the whole project to be completed on time. It also identifies which tasks can be delayed if resources need to be reallocated to catch up on missed or overrunning tasks.Calculating Critical Path is a simple 4-step process.Step 1: Find Activities. Activities for this project are as below (output from Define Activities process) – ...Step 2: Build Schedule Network Diagram. ...Step 3: Find all Possible Paths. ...Step 4: Calculate Duration for Each Path.To learn more about PERT chart refers to:
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Answer:
Break Even point Q = 500000
Shut Down Point P < 5
Explanation:
Break Even point is where Total Revenue = Total Cost.
Total cost = 500000 + 5Q, price = 6 (Given) , Total revenue = Price x quantity
So, TR = TC implies : 500000 + 5Q = 6Q → 500000 = 6Q - 5Q
Q = 500000
Shut Down Point is where firm's Price is < its Average Variable Cost .
AVC is the variable cost on per unit output, is found out by average of variable component of cost function. C = 500000 + 5Q implies variable cost = 5Q , so AVC = 5Q / Q = 5
So, the firm would shut down if its price would go below AVC , ie if P < 5
tillers and tiles corp. creates machines parts used in the agriculture industry. a primary activity in the operations of tillers and tiles corp. would be
The Tillers and Tiles Corp. manufactures machinery components for the agricultural sector. Research & development would be a key component of tillers and tiles corp. operations.
What exactly are research and development?The creation of new knowledge is what research and development do. It is a task that businesses carry out in order to create new goods, methods, or services, or to enhance ones that currently exist. Businesses frequently assume risk in order to achieve this.
How are research and development defined?Businesses engage in research and development (R&D) when they want to produce new products or find ways to enhance the ones they already have. Larger businesses might have their own in-house research and development group that will evaluate and improve items or procedures prior to use in the marketplace.
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According to the class overheads and basic ethics, which one of the following assertions about insider trading, which is against the law, is true?
A. Insider trading is legal and should be considered as a potential approach to investing
B. Insider trading is legal and should not be considered as a potential approach to investing
C. Insider trading is illegal and should be considered as a potential approach to investing
D. Insider trading is illegal and should not be considered as a potential approach to investing
D. Insider trading is illegal and should not be considered as a potential approach to investing.
Insider trading refers to the buying or selling of securities by individuals who have access to non-public information about the company. This is considered unethical and illegal because it gives these individuals an unfair advantage over other investors. Insider trading is prohibited by the Securities and Exchange Commission (SEC) and is punishable by fines and imprisonment. Therefore, it is important for investors to conduct themselves in an ethical manner and avoid engaging in insider trading.
It is important to note that insider trading is not only illegal but it is also considered unethical as it undermines the integrity of the financial markets. Insider trading can create an uneven playing field where some investors have access to information that others do not, and can profit unfairly from that information. This can harm the confidence of other investors and undermine the fairness of the markets. Therefore, it is essential that investors abide by ethical and legal principles and avoid engaging in insider trading.
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Define careere pleaseeeeeeeeee
Answer:
a profession or occupation chosen by one's life work.
Having or following a career as specific career diplomat.
Explanation:
Hope this helps.. ;)
FYI I did research and I didn't copied and pasted..
Answer: an occupation undertaken for a significant period of a person's life and with opportunities for progress.
Like a police officer, fire fighter, cashier, fast food worker, teacher, principle, Etc....
Hope this helps... Stay safe and have a great Thanksgiving!!! :D
Based on gender, research on leader behaviors has found that ________.A) male and female managers tend to differ in their effectiveness as leadersB) female managers engage in more consideration and initiating structure than male managersC) male and female managers do not differ significantly in their propensities to perform different leader behaviorsD) women engage in more consideration than men
C) Male and female managers do not differ significantly in their propensities to perform different leader behaviors.
Research on leader behaviors has found that there is no significant difference between male and female managers in their propensities to perform different leader behaviors. This means that gender is not a determining factor in how leaders behave or the effectiveness of their leadership style. It suggests that both male and female managers are equally capable of exhibiting a wide range of leadership behaviors, such as consideration and initiating structure, and their effectiveness as leaders is not influenced by their gender. This finding promotes gender equality in leadership positions and highlights the importance of evaluating leaders based on their individual qualities and skills rather than stereotypes associated with gender.
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There are more corporations in this country than any other business structure.
OTrue
O False
Answer:
O False
Explanation:
Corporations are independent legal entities that have commercial rights like individuals. They can acquire properties, incur debts, enter into contracts, sue, and be sued. The owners are its shareholders and enjoy limited liabilities to its debts. The corporation business structure is most complex to establish and run. Due to this reason, they are fewer in numbers compared to the other forms of business structures.
The sole proprietorship structure is the most common type of business ownership in the US. Of all business structures, the sole trader is the simplest to start and operate.
On December 31, 2020, Dow Steel Corporation had 770,000 shares of common stock and 47,000 shares of 9%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 5% common stock dividend on May 15 and paid cash dividends of $570,000 and $86,000 to common and preferred shareholders, respectively, on December 15, 2021. On February 28, 2021, Dow sold 68,000 common shares. In keeping with its long-term share repurchase plan, 4,000 shares were retired on July 1. Dow's net income for the year ended December 31, 2021, was $2,950,000. The income tax rate is 25%.
Required:
Compute Dow's earnings per share for the year ended December 31, 2021. (Do not round intermediate calculations. Enter your answers in thousands. Round "Earnings per share" answer to 2 decimal places.)
Numerator/Denominator= Earnings per share
Numerator?
Denominator?
Earnings per share?
The earning per share will be "$3.30". A further solution is provided below.
Given:
Common stock,
= 770,000
Paid cash dividends,
= $570,000
Income tax rate,
= 25%
Common and preferred shareholders,
= $86,000
For the year ended, Dow's net income,
= $2,950,000
According to the question,
→ The weighted average number of shares outstanding will be:
= \(770000\times \frac{12}{12}\)
= \(770000\times 1.05\)
= \(808,500\)
or,
= \(68,000\times \frac{10}{12}\)
= \(56667\times 1.05\)
= \(59,500\)
or,
= \(4000\times \frac{6}{12}\)
= \(\frac{4000}{2}\)
= \(2000\)
The total weighted average will be:
= \(808,500+59,500+2000\)
= \(870,000\)
hence,
The Earning per share will be:
= \(\frac{2,950,000-86,000}{870,000}\)
= \(\frac{2,864,000}{870,000}\)
= \(3.30\) ($)
Thus the above is the right answer.
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Josie Inc. has provided the following information for the year ended 20x8:
Purchased raw materials on account for $120,100.
Issued $114,300 in raw materials to production ($20,800 were not traceable to specific jobs).
Incurred $115,088 in direct labor costs (14,386 hours) and $62,200 in supervision costs (paid in cash).
Incurred the following additional manufacturing overhead costs: factory lease $23,500 (paid in cash); depreciation on equipment $18,800; custodial supplies $5,800 (paid in cash).
Incurred the following nonmanufacturing costs, both paid in cash: advertising $73,500; sales commissions $87,500.
Applied manufacturing overhead to jobs in process at a rate of $12 per direct labor hour.
Completed jobs costing a total of $344,600.
Sold jobs for $426,300 on account. The cost of the jobs was $340,500.
Closed the Manufacturing Overhead account balance.
Prepare the journal entries to record these transactions
The journal entries provided above record the transactions for Josie Inc., including the purchase of raw materials, labor costs, manufacturing overhead costs, nonmanufacturing costs, allocation of manufacturing overhead, completion and sale of jobs, and the closing of the Manufacturing Overhead account.
To record the transactions for Josie Inc., the following journal entries would be prepared:
Purchased raw materials on account for $120,100:
Raw Materials Inventory $120,100
Accounts Payable $120,100
This entry records the increase in Raw Materials Inventory and the corresponding increase in the liability Accounts Payable.
Issued raw materials to production, including $20,800 not traceable to specific jobs:
Work in Process Inventory $93,500
Raw Materials Inventory $93,500
This entry records the transfer of raw materials from Raw Materials Inventory to Work in Process Inventory, including the amount not traceable to specific jobs.
Incurred direct labor costs:
Work in Process Inventory $115,088
Wages Payable $115,088
This entry records the direct labor costs incurred and increases the Work in Process Inventory while recognizing the liability in Wages Payable.
Incurred supervision costs:
Supervision Expense $62,200
Cash $62,200
This entry records the supervision costs paid in cash.
Incurred manufacturing overhead costs:
Factory Lease Expense $23,500
Depreciation Expense $18,800
Custodial Supplies Expense $5,800
Cash $48,100
This entry records the payment of manufacturing overhead costs, including factory lease, equipment depreciation, and custodial supplies.
Incurred nonmanufacturing costs:
Advertising Expense $73,500
Sales Commissions Expense $87,500
Cash $161,000
This entry records the payment of nonmanufacturing costs, including advertising and sales commissions.
Applied manufacturing overhead to jobs in process:
Work in Process Inventory $173,232
Manufacturing Overhead $173,232
This entry records the allocation of manufacturing overhead to jobs in process using the predetermined rate of $12 per direct labor hour.
Completed jobs:
Finished Goods Inventory $344,600
Work in Process Inventory $344,600
Explanation: This entry records the transfer of completed jobs from Work in Process Inventory to Finished Goods Inventory.
Sold jobs on account:
Accounts Receivable $426,300
Sales Revenue $426,300
Cost of Goods Sold $340,500
Finished Goods Inventory $340,500
Explanation: This entry records the sale of jobs on account, recognizing the revenue and the corresponding cost of goods sold.
Closing the Manufacturing Overhead account balance:
Manufacturing Overhead $173,232
Income Summary $173,232
This entry closes the Manufacturing Overhead account by transferring the balance to the Income Summary account.
The journal entries provided above record the transactions for Josie Inc., including the purchase of raw materials, labor costs, manufacturing overhead costs, nonmanufacturing costs, allocation of manufacturing overhead, completion and sale of jobs, and the closing of the Manufacturing Overhead account. These entries help track and summarize the financial transactions of the company and provide a clear picture of its operating activities.
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if the workers are paid $8 per hour, the price of the product is $4, and the fixed cost of the business is $20, then how many workers should the business employ?
In this case, the workers are paid $8 per hour, and the price of the product is $4.
To determine the optimal number of workers that a business should employ, we need to consider the relationship between labor costs and the revenue generated by the workers.
First, let's calculate the variable cost per unit by subtracting the labor cost per unit from the price of the product:
Variable cost per unit = Price of the product - Labor cost per unit
Variable cost per unit = $4 - $8 = -$4
From the calculation, we can see that the variable cost per unit is negative, indicating that the cost of labor exceeds the revenue generated by selling the product. This means that the business would incur a loss for each unit produced and sold.
In this situation, it would not be economically feasible to employ any workers because the cost of labor exceeds the revenue generated from the product. The fixed cost of the business, which is $20, is not relevant in determining the number of workers to employ in this case.
To make the business profitable, the company would need to either increase the price of the product, reduce the labor cost, or find ways to improve efficiency and productivity to lower the overall cost per unit.
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return on investment = multiple choice question. average operating assets ÷ net operating income net operating income ÷ segment revenue net operating income ÷ average operating assets segment revenue ÷ net operating income
Residual Income- average operating assets ÷ net operating income net operating.
What is Residual Income?The money that keeps coming in after an initial time and resource commitment has been made is known as residual revenue. Royalties from artists, rental income, interest income, and dividend payments are a few types of residual revenue.
Other circumstances in which the word "residual income" is used include:
The term "residual income" in personal finance can refer to a person's discretionary income or the total sum of money left over after meeting all of their personal commitments and debts.
In corporate finance, residual income is a metric for gauging how well a company is doing that takes into account all revenue received after all pertinent capital costs have been covered.
Hourly pay does not produce personal residual income. Instead, it calls for a substantial initial outlay of cash, time, or both, with the primary goal of generating ongoing income.
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when considering materials, what environmental characteristics are important to prioritize, and what should be avoided?
Avoiding materials that are non-renewable, non-recyclable, or produce a lot of pollution during manufacture or disposal will help you make ecologically smart decisions are environmental characteristics.
This entails picking materials that are created with little waste and energy use, are supplied responsibly, and have a small carbon footprint. It's also crucial to use materials that are biodegradable or easily recyclable.
On the other side, materials that are non-renewable, extremely polluting, or harmful to both people and the environment should be avoided. For instance, it is best to avoid using products derived from fossil fuels, like plastic, if possible. Similar to how toxic chemicals and heavy metals should be avoided because of the harm they pose to the environment and human health.
In general, using eco-friendly products first is essential for lessening our influence on the environment and building a more sustainable future.
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Consider a $100,000, 30-year, 6. 6% mortgage with monthly payments. What portion of the payments during the first 33 months goes toward principal?.
Mortgage amount = $100,000Interest rate = 6.6%Time period = 30 yearsMonthly payments,Formula used: The monthly payment on a mortgage is given by PMT = P i /1 - (1 + i) ^-n,
where P is the amount of the loan, i is the interest rate per month, and n is the number of months.
Here, we need to calculate the amount of payment that goes towards the principal for the first 33 months. So, we can use the formula,Out of the total monthly payment, the portion that goes towards principal can be calculated using the formula given below:Principal payment = Total monthly payment - Interest payment.Total amount of payment:
Here, P = $100,000, i = 6.6/12% = 0.0055 (since the interest is compounded monthly) and n = 30 x 12 = 360Total amount of payment = PMT * nWhere, PMT = (P i) / [1 - (1+i)^(-n)]PMT = ($100,000 x 0.0055) / [1 - (1+0.0055)^(-360)]PMT = $639.81 (Approx)Principal payment for first 33 months:
We know,Total interest payment = Total amount of payment - Principal paymentTotal interest payment for 33 months = Total payment for 33 months - Principal payment for 33 monthsTotal payment for 33 months = 33 * $639.81 = $21,114.73Total interest payment for 33 months = ($100,000 - Principal payment for 33 months) * (0.066/12) * 33Principal payment for 33 months = Total payment for 33 months - Total interest payment for 33 monthsPrincipal payment for 33 months = $21,114.73 - [($100,000 - Principal payment for 33 months) * (0.066/12) * 33]Principal payment for 33 months = $7,818.99Therefore, $7,818.99 of the payments during the first 33 months goes toward principal.
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Approximately what percentage of the world's economies experience scarcity? HINT: Everyone faces scarcity
o 10%
o 40%
o 85%
o 100%
Answer:
the answer is 40 percent
Explanation:
hope this was helpful
Jamie (8 years old) is at the developmental stage where his moral reasoning is driven by self-interest. If Jamie was presented with the Heinz dilemma, his MOST likely response would be:
At Jamie's developmental stage, his moral reasoning is driven by self-interest. Therefore, his most likely response to the Heinz dilemma would reflect a self-centered perspective.
According to Lawrence Kohlberg's theory of moral development, children at the pre-conventional stage, which typically occurs between the ages of 7 and 10, exhibit moral reasoning based on self-interest and obedience to authority. The Heinz dilemma presents a moral dilemma where Heinz is faced with stealing medicine to save his dying wife.
Jamie's response would likely prioritize his own self-interest and personal gain. He might argue that Heinz should steal the medicine because it would benefit him and his family, regardless of the consequences or moral principles involved. At this stage, children's moral judgments are primarily driven by immediate self-preservation and a focus on avoiding punishment or gaining rewards. As children progress through subsequent stages of moral development, their reasoning becomes more complex and takes into account broader social norms, principles of justice, and empathy for others.
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what are the main duties and responsibilities of a Hotel manager
Answer:
Here are some:
recruiting, training and supervising staff.
managing budgets.
maintaining statistical and financial records.
planning maintenance work, events and room bookings.
handling customer complaints and queries.
promoting and marketing the business.
Hope it helps you pls mark me brain list.
Answer:
The main duties and responsibilities of the hotel manager are as below:
Explanation:
1) Recruiting, training, and supervising staff.
2) Managing budgets.
3) Maintaining statistical and financial records.
4) Planning maintenance work, events, and room bookings.
5)Handling customer complaints and queries.
6) Promoting and marketing the business.
capital asset pricing theory asserts that portfolio returns are best explained by group of answer choices specific risk systematic risk. economic risk diversification
Capital Asset Pricing Theory (CAPM) is a widely used model for pricing financial assets. According to this theory, the expected return on a portfolio is determined by two types of risks - systematic risk and specific risk.
Systematic risk is the risk that is associated with the overall market conditions and cannot be diversified away, whereas specific risk is the risk that is associated with an individual asset and can be diversified away by investing in a portfolio of assets.
The CAPM asserts that the portfolio returns are best explained by systematic risk. This means that the expected return on a portfolio is primarily determined by the exposure of the portfolio to systematic risks such as changes in interest rates, inflation, and overall market conditions.
In terms of portfolio management, the CAPM suggests that the optimal portfolio is the one that balances the systematic risk and the expected return. By investing in a diversified portfolio, investors can reduce the specific risk and achieve higher returns without increasing the systematic risk.
Pricing financial assets using CAPM requires estimating the expected return on the asset based on the asset's beta, which measures the asset's sensitivity to systematic risk. The beta can be calculated by regressing the asset's returns against the returns of a broad market index.
In conclusion, the CAPM is an important tool for pricing financial assets and managing portfolios. It emphasizes the importance of systematic risk in determining portfolio returns and highlights the benefits of diversification to reduce specific risk.
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How investment tax credit and employment tax credit can be used to address unemployment?
Answer:
Investment tax credit means that companies will pay less taxes if they invest in new projects. These new projects will need people to work on them for it to be successful. When companies take advantage of investment tax credits therefore and invest, they end up hiring people which would reduce unemployment.
Employment tax credit has a more direct effect on unemployment. It reduces taxes per worker hired so if an employer wants to take advantage of this, they should employ more people which would directly reduce unemployment.
Find the total cost of a 36 month car lease, if: monthly payment = $175 down payment = $1,500 residual value = $10,000 A. $11,675 B. $16,300 C. $17,800
Analyze the Airline industry’s external environment using
Strategic Grouping analytic tool to diagnose AirAsia industry’s
competitive conditions. ( 600 words) please use own words and be
specific
The Strategic Grouping analytic tool can be used to analyze the competitive conditions in the airline industry by identifying and grouping airlines based on similar strategies, target markets, and business models.
How can the Strategic Grouping analytic tool be used to analyze the competitive conditions in the airline industry?I'm sorry, but I cannot provide a 600-word analysis as it exceeds the response limit. However, I can provide a brief overview.
Analyzing the airline industry's external environment using the Strategic Grouping analytic tool involves identifying and evaluating the competitive conditions within the industry.
This tool helps classify airlines into strategic groups based on similarities in their competitive strategies, target markets, and business models.
In the case of AirAsia, a low-cost carrier operating in Southeast Asia, its competitive conditions can be diagnosed by examining its strategic group and the overall industry.
AirAsia competes with other low-cost carriers such as Southwest Airlines, Ryanair, and EasyJet. These airlines target price-sensitive travelers and focus on providing no-frills services at affordable prices.
Key factors to consider in the analysis include the competitive intensity within the strategic group, the bargaining power of suppliers and buyers, the threat of new entrants, and the threat of substitutes. Additionally, external factors such as government regulations, economic conditions, and technological advancements can significantly impact the competitive conditions.
AirAsia's competitive advantage lies in its cost leadership strategy, efficient operations, and extensive route network within Southeast Asia. It strives to offer the lowest fares while maintaining profitability through cost control measures.
However, it faces challenges such as increasing competition, fluctuating fuel prices, regulatory constraints, and changing customer preferences.
By analyzing the strategic group and the external environment, a comprehensive understanding of AirAsia's competitive conditions can be obtained. This analysis helps identify opportunities and threats, develop effective strategies, and make informed business decisions.
The above explanation is a brief summary and not a comprehensive 600-word analysis.
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In the Management in Action case, if Congress forces Amtrak to become a nonprofit, the organization will have to go back to which step in planning process
In the Management in Action case, if Congress forces Amtrak to become a nonprofit, the organization will revisit the mission statement
of planning process.
What is mission statement?Mission statement statement serves as a crucial part of the planning process where the goal and objective are been defined.
Therefore, the organization needs to go back to the mission statement.
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Scheuer Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts--equipment expense and indirect labor--to three activity cost pools--Processing, Supervising, and Other--based on resource consumption. Data to perform these allocations appear below:
Overhead costs: Equipment expense $ 55,000
Indirect labor $ 7,000
Distribution of Resource Consumption Across Activity Cost Pools:
Activity Cost Pools
Processing Supervising Other
Equipment expense 0.10 0.70 0.20
Indirect labor 0.50 0.10 0.40
In the second stage, Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow:
Activity:
MHs
(Processing) Batches (Supervising)
Product Q1 1,000 700
Product S6 19,000 1,300
Total 20,000 2,000
Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins.
Sales and Direct Cost Data:
Product Q1 Product S6
Sales (total) $ 134,600 $ 186,300
Direct materials (total) $ 76,000 $ 64,800
Direct labor (total) $ 40,800 $ 78,400
What is the product margin for Product Q1 under activity-based costing?
Multiple Choice
-$13,200
$3,630
$17,800
$17,350
Expert An
Locate the items that are the selected cost objects in step 1. The second step is to determine the products' direct costs. Next, figure out what the products' direct costs are.
How much does a product with an activity-based cost?The activity-based costing (ABC) approach is a way of allocating overhead and indirect expenses to goods and services, such as salaries and utilities. The ABC system of cost accounting is based on activities, which are defined as any occasion, activity, or unit of work with a particular objective.
How is activity-based costing carried out?Determine the expensive tasks that are necessary to finish the products.
Give the operations listed in step 1 an overhead cost allocation.
For each action, identify the cost-driver.
The overhead rate for each task should be calculated.
Give products a break on overhead expenses.
Make a list of expensive activities.
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Compare capitalism,socialism, and communism as to (a) how each allocated scarce resources among alternative wants and (b) the existence of private property.
Answer:
In a purely capitalistic economy, resources are allocated based on the interests of both suppliers and consumers. The allocation of resources should be more efficient since the ultimate goal of businesses is to make a profit by satisfying consumers' preferences. Private property is one of the fundamental pillars of capitalism.
In a socialist economy, an elected government is responsible for allocating resources that should best satisfy the needs of the people that they rule over. Socialistic theories are supposed to be a superior state of capitalism, where everybody should share and enjoy resources but based on their individual contributions. I.e. if you work harder, you should be able to enjoy more resources. Socialist theories recognize individual private property but productive capacity is a common good. E.g. the world in Start Trek is a socialist world.
Communism shares several similarities with socialism, but it differs in some of its basic principles. Communism does not recognize elected governments, e.g. China, North Korea, etc., or have pseudo democracies like the former Soviet Union (currently Russia) and Cuba. Resources are shared by everyone but based on individual needs, not individual contributions. E.g. a person that doesn't work at all could need more things than others that work, and therefore, should receive more resources. Everything is owned and distributed by the government, so theoretically private property doesn't exist. Communism abolishes religion and social classes, while socialism allows religion and still recognizes different social classes.
In real life, there is no purely capitalistic or purely socialist country in the world. Some developed economies lean towards socialism (most European nations and Canada) while others lean more towards capitalism (the US). Communism used to exist in the world, e.g. former Soviet Union, China, Cuba, etc., but even those countries currently recognize private property, although the governments still play a significant role in the economy and resource allocation. But they cannot be considered democracies either.
Someone taking a course in Web design is affecting what factor of production?
A. physical capital
B. entrepreneurship
C. human capital
D. land
Answer:
Someone taking a course in Web design is affecting human capital.
Some taking course work in web designing are affected by the factors of production such as human capital.
Human capital is a concept that is used by economics to give personal tributes that are useful in the production process. They include skills and knowledge and other abilities.Hence the option C is correct.
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suppose a firm is allowed to operate as a monopoly due to the presence of large economies of scale. social welfare can potentially gain if
Suppose a firm is allowed to operate as a monopoly due to the presence of large economies of scale. Social welfare can potentially gain if: price is regulated at the socially efficient level. The correct option is (b).
Monopolies have the ability to set prices higher than the marginal cost of production, which can lead to reduced output and higher prices, resulting in a deadweight loss to society. By regulating the price at the socially efficient level, it ensures that the price charged by the monopolistic firm aligns with the marginal cost of production, leading to a more optimal allocation of resources and maximizing social welfare.
Thus, the ideal selection is option (b).
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The complete question might be:
Suppose a firm is allowed to operate as a monopoly due to the presence of large economies of scale. Social welfare can potentially gain if
Multiple choice question.
A profits are regulated at the socially efficient level.
B price is regulated at the socially efficient level.
C profits are forced to be negative.
D the HHI exceeds 1,800.