A secondhand computer retailer is often mistaken for an IT-help business. As a result, tech-savvy employees of the retailer are often fixing the customers' computer issues when they come into the store.
The firm that owns the secondhand computer retailer has decided to diversify and open computer repair shops selling IT services. The retailer is diversifying on the basis of employee knowledge, which is considered a(n) valuable resource.In order to gain a competitive edge, a company must find ways to distinguish itself from the competition. This may be achieved by creating and maintaining a competitive advantage. The firm that owns the secondhand computer retailer has decided to diversify and open computer repair shops selling IT services, which is one of the ways to create a competitive advantage. Diversification is a corporate-level strategy that can be used to create competitive advantage by enabling companies to spread their risks across a range of industries, products, and markets. Furthermore, by diversifying, companies can take advantage of the skills and knowledge of their employees, which is a valuable resource.In this situation, the secondhand computer retailer is diversifying based on employee knowledge, which is a valuable resource. The retailer's tech-savvy employees have the skills and knowledge necessary to fix customers' computer issues, which is a valuable resource that the company can leverage to create a competitive advantage. By opening computer repair shops that sell IT services, the retailer can capitalize on the knowledge and skills of its employees, thereby creating a competitive advantage.
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Which one of the following best describes the type(s) of information included in astrong-form efficient market?A) historicalB) historical and privateC) private and publicD) current and publicE) historical and public
The best description of the type(s) of information included in a strong-form efficient market is option B) historical and private.
In a strong-form efficient market, all information, including historical data and private (non-public) information, is already reflected in the stock prices, making it impossible for any investor to achieve abnormal returns consistently.
In a strong-form efficient market, investors cannot use any type of information to gain an advantage over other investors. This means that insider trading is not possible in a strong-form efficient market because all information, both public and private, is already reflected in the stock prices
Therefore,The best description of the type(s) of information included in a strong-form efficient market is option B) historical and private.
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paula invests $800 in one account and $2500 in an account paying 4 % higher interest. at the end of one year she had earned $430 in interest. at what rates did she invest?
Paula invested $800 in one account and $2500 in an account paying 4 % higher interest. At the end of one year, she earned $430 in interest. To determine the rates at which she invested, we will use a system of equations that includes the unknown interest rates for both accounts. We will use the following equations:
First Account -Let's denote the interest rate of the first account as x. We can then use the formula for simple interest to write the following equation for the interest earned by Paula's investment in the first account: Interest earned on first account = x * $800.
Second Account - Since the second account earns interest at a rate 4 % higher than the first account, we can express the interest rate for the second account as x + 4. We can use the same formula as above to express the interest earned by Paula's investment in the second account as follows: Interest earned on second account = (x + 4) * $2500.Total Interest. For the total interest earned by Paula, we can simply add the interest earned from both accounts. This gives us the following equation:
Total Interest = Interest earned on first account + Interest earned on second account. Setting the Variables Equal to the Known Value. Now that we have our system of equations, we can substitute in the known value for the total interest earned to get the following equation: $430 = x * $800 + (x + 4) * $2500.
We can then solve this equation to find the value of x, which represents the interest rate of the first account. We do so as follows: $430 = $800x + $2500x + $10000$430 = $3300x + $10000$-9570 = $3300x$x ≈ -2.9 %.This result is not possible, so we must assume that there was an error in the initial conditions.
Perhaps the amount invested in one of the accounts was incorrect or the amount of interest earned was miscalculated. Nonetheless, if we assume that the problem was correct, then we can say that Paula did not invest her money wisely, as she ended up losing money due to negative interest rates.
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which of the following is a characteristic of an ldc? group of answer choices capital flight. vicious circle of poverty. lack of entrepreneurs. all of the answers are correct.
An LDC is a country that faces numerous challenges in terms of economic development, and characteristics such as capital flight, the vicious circle of poverty, and a lack of entrepreneurs are common. (option d).
To answer your question, among the given options, "d) all of the answers are correct" is the characteristic of an LDC. Let's discuss why.
Firstly, capital flight is a common occurrence in LDCs. It refers to the movement of financial capital from an LDC to a developed country, resulting in a loss of resources and investment opportunities.
Secondly, the vicious circle of poverty is another characteristic of LDCs. This refers to a situation where poverty begets poverty, and a lack of resources and opportunities results in low economic growth, poor education and healthcare, and social inequality.
Finally, LDCs often lack entrepreneurs, who are crucial for economic development. Entrepreneurs are individuals who take risks to start and manage new businesses, creating jobs and generating economic growth.
So, the correct option is (d).
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his daily job duties include data entry, sending invoices, and scheduling appointments for sales representatives. this suite of tasks, when they are not overly taxing or exceeding his capacity, are called
The given suite of tasks, when they are not overly taxing or exceeding one's capacity, are called routine tasks.
Routine tasks are the activities that an individual does on a daily basis that require little to no cognitive effort, creativity, or critical thinking abilities, and that do not involve high levels of stress, pressure, or complexity. The given suite of tasks, including data entry, sending invoices, and scheduling appointments for sales representatives, are part of a person's regular responsibilities or daily work schedule, and they are usually performed using established procedures, guidelines, or protocols.
These activities are considered routine tasks because they are repetitive, predictable, and have a low degree of variability or novelty. Routine tasks require basic skills and knowledge and do not involve decision-making or problem-solving activities that require the application of specialized expertise, training, or experience.
Routine tasks are a fundamental part of many jobs and are necessary to maintain operational efficiency and productivity. These activities can be automated or outsourced to minimize costs and maximize efficiency. In conclusion, the given suite of tasks, when they are not overly taxing or exceeding one's capacity, are called routine tasks.
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when the productivity of a product resource increases and makes a firm's product more efficient and or effective, it will
When the productivity of a product resource increases and makes a firm's product more efficient and or effective, it will result in increased profits for the firm. This is because the productivity of the product resource directly affects the quality of the firm's product and the amount of profit that can be generated from the sale of that product. A product resource is any resource that is used to produce a firm's product, such as raw materials, labor, or equipment.
When the productivity of these resources increases, the firm's product becomes more efficient and/or effective, which means that it can be produced faster, with fewer errors, or with more features. This makes the product more attractive to customers, which leads to increased sales and profits for the firm.
In addition, increased productivity can also lead to cost savings for the firm, as it can produce more products with the same amount of resources. This can reduce the firm's costs per unit, which can increase its profit margins. Overall, increased productivity of product resources is crucial for the success of a firm and its product.
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a manager at a local fast-food restaurant decides to motivate all his employees by allowing them to eat the food free of charge. will this reward motivate employees?
Yes, allowing employees to eat the food for free may motivate them, as it is a form of reward that is likely to increase their job satisfaction, and therefore their motivation.
There are several reasons why this may be the case, such as:
Free food can be a valuable benefit to employees who may not be able to afford it otherwise and this can create a sense of gratitude towards the employer and a feeling of being taken care of.This reward can create a sense of community among employees by allowing them to eat together and socialize during breaks, it can improve team dynamics and create a more positive workplace cultureThis reward can also be seen as a way for the employer to show their appreciation for the hard work and effort put in by their employees and this recognition can be a powerful motivator, as it acknowledges the value of the work done and can lead to an increase in job satisfactionLearn more about theory of motivation at https://brainly.com/question/30691994
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which of the following foreign entry modes requires the highest level of investment in terms of capital and other resources and allows for a high level of control? multiple choice acquisitions franchising exporting joint ventures
A: Acquisitions require the highest level of investment in terms of capital and other resources and allow for a high level of control.
Acquisitions involve purchasing an existing foreign company or subsidiary, which allows the acquiring company to take control of the existing operations and assets. This mode of entry provides a high level of control because the acquiring company has the authority to make decisions about the operation and management of the acquired company.
However, it also requires a significant investment in terms of capital and other resources, as the acquiring company must typically pay a premium for the acquired company or subsidiary. Franchising, exporting, and joint ventures require less capital investment and typically involve a lower level of control.
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suppose jonathan has worked for his company for 35 years. as such, he has met his company's entry requirements for a retirement plan and receives payments based on fixed payout. jonathan is part of a
payments based on fixed payout jonathan is part of a benefit retirement plan in his company.
Under this type of plan, the employer promises to pay a specific benefit amount to the employee upon retirement, based on a predetermined formula that takes into account the employee's years of service and salary history.
Jonathan's retirement benefits are based on a fixed payout, which means that the amount he will receive upon retirement is predetermined and will not vary based on the performance of the investments in the plan. This is in contrast to a defined contribution plan, such as a 401(k), where the retirement benefits are based on the contributions made by the employee and the investment returns earned on those contributions.
As a long-term employee who has met the company's entry requirements for the retirement plan, Jonathan has earned the right to receive retirement benefits based on the plan's formula.
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as a digital marketer, you remarket ads to potential customers who recently visited the company website. this strategy falls under which marketing funnel stage?
The strategy of remarketing ads to potential customers who recently visited the company website falls under the "Consideration stage" of the marketing funnel. Thus, Option D is correct.
The Consideration stage of the marketing funnel is where potential customers are actively researching and considering purchasing a product or service. They are already aware of the brand and have shown interest by visiting the website. Remarketing ads help to keep the brand top-of-mind and reinforce the message, potentially leading to conversion. It is an effective way to target those who have already engaged with the brand and are more likely to convert.
The other stages of the marketing funnel include Awareness, where potential customers become aware of the brand, Interest, where they show interest in the product/service, and Loyalty, where existing customers become loyal to the brand.
This question should be provided with answer choices:
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apital corp is considering a project whose internal rate of return is 14%. if capital's required return is 14%, the project's npv is:
The project's Net Present Value (NPV) would be zero.
This is because the Internal Rate of Return (IRR) is equal to the required return. Since the IRR is 14%, and the required return is also 14%, the NPV will be zero. The formula for calculating NPV is:
NPV = ∑ {Present Value of Cash Flows at Discount Rate} – Initial Investment
In this case, since the NPV is zero, the sum of the Present Value of Cash Flows at the Discount Rate will be equal to the Initial Investment.
Therefore, since Capital Corp's required return is 14% and its Internal Rate of Return is also 14%, the project's NPV will be zero.
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hen bryan is offered a chance to help direct the efforts of some employees assigned to his work group, he sees this new assignment as a(n) .
When Bryan is offered a chance to help direct the efforts of some employees assigned to his work group, he sees this new assignment as an opportunity. What is an opportunity?
An opportunity refers to a favorable circumstance that can lead to growth, improvement, and/or advancement for an individual, a business, or a society. It is a situation that can be exploited for personal or collective gain, and it arises from various sources, such as an encounter with a person, a new job offer, a new product/service idea, a change in the market or social environment, and so on.
Therefore, when Bryan is given the chance to manage and guide the employees assigned to his work group, he sees it as an opportunity to develop his leadership skills, demonstrate his competence, and make a positive impact on the team's performance. As such, he is likely to approach the task with enthusiasm, focus, and dedication, in order to achieve the desired outcomes and further his career goals.
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neoclassical economists believe in which of the following views to stimulate economic growth? question 17 options: a) high taxes b) spending to generate demand c) low taxes
According to neoclassical economists, low taxes is the view to stimulate economic growth. How do Neoclassical economists believe in stimulating economic growth? Neoclassical economists believe that the economy's overall production and growth can be stimulated by decreasing taxes. This view holds that a decrease in taxes will result in increased savings and investments, leading to increased output and employment, and hence an increase in economic growth.
According to them, governments should focus on maintaining macroeconomic stability and providing a conducive environment for businesses to thrive. Other views to stimulate economic growth include spending to generate demand, investments in research and development, improving infrastructure, and human capital development. All these approaches focus on creating an environment that can support long-term economic growth.
What is economic growth? Economic growth is the increase in the production of goods and services in an economy over time. It is the sustained increase in a country's output, income, and employment opportunities over a long period. Economic growth is typically measured by the increase in the Gross Domestic Product (GDP) of a country over a specified period. Economies with high rates of economic growth generally experience higher standards of living and a better quality of life.
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why would a firm be deterred from building a new factory by higher interest rates?
A firm would be deterred from building a new factory by higher interest rates because it would increase the cost of borrowing funds required to build the new factory.
When interest rates rise, it becomes more expensive to borrow money. Therefore, the cost of the loan will be higher, and the interest rate will increase. When a firm needs to borrow funds to invest in a new factory or any other project, the higher interest rate will increase the cost of borrowing the funds, making the project less profitable.
The cost of borrowing is usually high when interest rates are high. Therefore, it is reasonable for firms to wait until the interest rates fall to begin building a new factory. High-interest rates reduce the investment of the firms because they increase the cost of borrowing funds, which reduces the demand for loans, and also decreases the investment of the firms in capital goods. The high-interest rates lead to a decrease in the investment of the firms because the firms find it hard to meet the cost of capital.
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a company receives cash for services to be performed in the future. what effect does this transaction have on the balance sheet?
This transaction has a positive effect on the company's balance sheet. This is because the cash received for services to be performed in the future is a form of asset, known as an unearned revenue or deferred income. Unearned revenue increases the company's assets and liabilities, meaning that it increases the company's net worth.
In more detail, the transaction will increase the company's liabilities, as it has received cash for services that it has yet to provide. It will also increase the company's assets, as the company will now have an amount of money to put towards providing the services. The net result of this is an increase in the company's net worth.
On the company's balance sheet, this transaction will appear as a debit to the unearned revenue or deferred income account, and a credit to the cash account. This will result in an increase in the total assets and total liabilities, as well as an increase in the company's net worth.
In conclusion, when a company receives cash for services to be provided in the future, it has a positive effect on the company's balance sheet.
It increases the company's assets and liabilities, and increases the company's net worth. On the balance sheet, this transaction will appear as a debit to the unearned revenue or deferred income account, and a credit to the cash account.
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How does financial motivators increase employee productivity
Financial incentives drive workers and make them aware of what they stand to gain or lose depending on their performance when they are effectively conveyed. The employee can more easily provide for their families and materially better \.
Their lives outside of work thanks to this kind of inducement. Employee motivation refers to the elements that encourage workers to give their all to their jobs. Those who are motivated are diligent, imaginative, trustworthy, and completely absorbed in what they are doing. Employee productivity soars and attrition becomes unimportant when you figure out how to encourage your staff.
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fatuma invests a total of $28,000 in two accounts paying 12% and 9% annual interest, respectively. how much was invested in each account if, after one year, the total interest was $3,015.00.
Fatuma invested $16,500 in the 12% account and $11,500 in the 9% account.
Fatuma invests a total of $28,000 in two accounts that pay 12% and 9% annual interest, respectively. The total interest she earned after one year was $3,015.
Determine how much she invested in each account.Let us first assign variables for the two accounts. Let x be the amount of money invested in the 12% account, and y be the amount invested in the 9% account.Then we can use the following system of linear equations to represent the problem:x + y = 28000 (the total amount invested is $28,000)x(0.12) + y(0.09) = 3015 (the total interest earned is $3,015)
To solve for x and y, we can use the substitution method. Solving the first equation for x gives us:x = 28000 - ySubstituting this into the second equation, we get:(28000 - y)(0.12) + y(0.09) = 3015Simplifying, we have:3360 - 0.12y + 0.09y = 3015Collecting like terms:0.03y = 345Dividing by 0.03, we get:y = 11500This means Fatuma invested $11,500 in the 9% account.
To find how much she invested in the 12% account, we can substitute y = 11500 into either of the original equations. Using x + y = 28000:x + 11500 = 28000x = 16500Fatuma invested $16,500 in the 12% account and $11,500 in the 9% account.
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if the cpi in 2002 was 180 and the cpi in 2003 was 184, what was the inflation rate between 2002 and 2003?
If the cpi in 2002 was 180 and the cpi in 2003 was 1842. 22% was the inflation rate between 2002 and 2003
Inflation can be defined as the increase in the price of goods and services.
[tex]Inflation rate = (New CPI - Old CPI) / Old CPI x 100\\[/tex]
The CPI in 2002 was 180 and the CPI in 2003 was 184,
[tex]Inflation rate = (184 - 180) / 180 x 100= 4 / 180 x 100= 2.22%\\[/tex]
Therefore, the inflation rate between 2002 and 2003 is 2.22%.
The inflation rate is the percentage increase in the general price level of goods and services over time.
It is measured by tracking changes in the Consumer Price Index (CPI) or other similar indexes.
A higher inflation rate indicates a decrease in purchasing power.
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prepare journal entries to establish the fund on may 1, to replenish it on may 15 and on may 31, and to reflect any increase or decrease in the fund balance on may 16 and may 31. (Round your answers to 2 decimal places.) Date General Journal Debit CreditMay 15
On May 1, an initial fund balance was established in the fund. To establish the fund, a journal entry was created with the amount of the fund being credited to the fund account, and the corresponding amount being debited to the cash account.
On May 15, the fund was replenished. A journal entry was created to reflect the replenishment, with an amount being credited to cash and debited to the fund account.
On May 16, any changes in the fund balance were recorded by creating a journal entry. If the balance increased, the fund account was credited, and the corresponding amount was debited to the cash account. If the balance decreased, the fund account was debited and the corresponding amount was credited to the cash account.
On May 31, the fund was replenished again. A journal entry was created to reflect the replenishment, with an amount being credited to cash and debited to the fund account. Additionally, any changes in the fund balance on this date were recorded by creating a journal entry. If the balance increased, the fund account was credited, and the corresponding amount was debited to the cash account. If the balance decreased, the fund account was debited and the corresponding amount was credited to the cash account.
Overall, the series of journal entries established, replenished and tracked the fund balance on May 1, May 15, May 16 and May 31.
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why are state lobbyists required to register and submit reports about their membership and finances?
State lobbyists are required to register and submit reports about their membership and finances because they are expected to disclose important information regarding their financial transactions and membership interests.
This information is used by the government to maintain transparency and to prevent corruption. A state lobbyist is a person who represents a group or organization in front of government officials. They may work for any type of organization, including corporations, nonprofit groups, labor unions, or religious organizations. Their main goal is to influence policymakers in favor of their clients by presenting them with compelling arguments, facts, and data.
They work to influence legislative and regulatory outcomes that are beneficial to their clients. State Lobbyists do the following:Help organizations understand how the government operates.Lobbying lawmakers to vote in favor of legislation that benefits their clients.Convince lawmakers to introduce new legislation that benefits their clients by creating the idea for the bill and working with legislators to draft it.
Educate government officials, staff, and other stakeholders on policy issues relevant to their clients.Gathering intelligence on potential issues, regulations, and bills which may impact their clients. Thus, lobbyists play a vital role in the functioning of government by providing lawmakers with valuable insights and information on various topics. However, they must also disclose important information about their financial transactions and membership interests to maintain transparency and prevent corruption.
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a survey that assesses career interests and activities. career goal how you respond to job requirements, surroundings, and associates? these data provide a gauge for comparing salaries and costs for cities across the country. a summary document that presents your experience, education, and skills. an event where job seekers meet with many employers at once to quickly screen and be screened for employment.
There are four different things mentioned in the question. They are a great way for job seekers to meet employers and get a feel for what jobs are available in their area.
Each is a different concept and is mentioned independently. Below are the answers to each of them:
A survey that assesses career interests and activities: This is the term referring to a survey that people fill out to determine their career interests and activities. The survey can be different for different people, and they can be found in various online platforms and tools. One such platform is Brainly. You can also find such surveys on websites such as Indeed, LinkedIn, etc. Career goal how you respond to job requirements, surroundings, and associates: This is the term referring to a person's career goal and how they respond to job requirements, surroundings, and associates. This is usually determined by the individual themselves and can be influenced by their personal experiences, education, and skills.These data provide a gauge for comparing salaries and costs for cities across the country: This is the term referring to data that are used to compare salaries and costs for cities across the country. These data are usually found in databases such as Glassdoor, PayScale, Salary.com, etc. They provide a comprehensive list of salary ranges and costs of living in different cities across the country.A summary document that presents your experience, education, and skills: This is the term referring to a summary document that presents a person's experience, education, and skills. This document is usually called a resume, and it is essential when applying for jobs. A resume is a one or two-page document that summarizes the applicant's experience, education, and skills. An event where job seekers meet with many employers at once to quickly screen and be screened for employment: This is the term referring to a job fair. A job fair is an event where job seekers meet with many employers at once to quickly screen and be screened for employment. Job fairs can be found in many different locations, such as universities, community centers, or online.Learn more about job posting description https://brainly.com/question/20983357
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if the nominal interest rate is 0.090 , and the inflation rate is 0.025 , what is the real interest rate?
The nominal interest rate = 0.090 Inflation rate = 0.025, the real interest rate is 0.065.
We know that the real interest rate is calculated by subtracting the inflation rate from the nominal interest rate. Therefore,
Real interest rate = Nominal interest rate - Inflation rate= 0.090 - 0.025= 0.065
So, the real interest rate is 0.065.
Inflation is a rise in prices, which can be translated as the decline of purchasing power over time. The rate at which purchasing power drops can be reflected in the average price increase of a basket of selected goods and services over some period of time.
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Which of the following statements about crafting a strategy to be competitively successful in the markets for action cameras and drones IS true?
a. In GLO-BUS, there are multiple strategic approaches and sets of competitive efforts/action that, if properly designed and well-executed, are capable of producing competitive success in the global market for cameras/drones, provided they are not overpowered or thwarted by even more potent strategic approaches and competitive actions/efforts that are well- executed by rival companies. b. Very often the most appealing competitive approach a company can employ is a "more value for the money" strategy (for example, selling 8-star cameras and drones at lower prices than other 8-star brands) where your competitive advantage is an ability to incorporate "upscale" product attributes with high buyer appeal at a lower cost than rivals-- and thereby underprice rival brands of cameras and drones having comparable attributes and P/Q ratings. c. For a company to compete successfully, it needs to exert greater competitive efforts on all 11 competitive factors for cameras and 10 competitive factors for drones than every other rival company. d. Once a company devises a strategy and set of competitive actions/efforts that is competitively successful, it does not have to pay much attention to responding and adjusting its strategy and competitive actions/efforts to combat the shifting strategies and competitive efforts of rival companies. e. Whether a company is operating cost efficiently is not especially important in devising a successful and profitable strategy, so long as its sales/market shares of cameras /drones in the 4 geographic regions are above the industry averages.
Option A is true regarding crafting a strategy to be competitively successful in the markets for action cameras and drones.
A strategic approach is a methodical and analytical approach to business problem-solving. It entails recognizing and responding to the fundamental issues that drive performance rather than only addressing symptoms. Developing a strategic approach to business problem-solving necessitates a high level of expertise in several areas, including strategic management, marketing, operations, finance, and other disciplines.
A strategic approach provides a framework for analyzing and developing solutions to business issues. It considers the internal and external factors that influence a company's success, identifies potential roadblocks and devises strategies to overcome them. It also assists in determining the most effective allocation of resources and in identifying and exploiting opportunities.
Thus, in GLO-BUS, there are multiple strategic approaches and sets of competitive efforts/actions that, if properly designed and well-executed, are capable of producing competitive success in the global market for cameras/drones, provided they are not overpowered or thwarted by even more potent strategic approaches and competitive actions/efforts that are well-executed by rival companies.
Hence, option A is correct.
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Ervin equipment, a manufacturer of exercise and workout equipment for sale to institutions, uses job costing. The following transactions occurred in january: purchased $76,000 of materials. Paid $81,000 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing shop. Issued $5,300 of supplies from the materials inventory. Issued $84,000 in direct materials to the production department. Incurred direct labor costs of $74,000, which were credited to wages payable. Paid for the materials purchased in transaction (1). Incurred $13,400 in indirect labor costs, which were credited to wages payable. Applied overhead on the basis of 155 percent of direct labor costs. Recognized depreciation on manufacturing property, plant, and equipment of $17,500. Returned $1,100 of the materials in transaction (3) to inventory. Paid the for the wages incurred in transaction (5). The following balances appeared in the accounts of ervin equipment for january: beginning ending materials inventory $ 28,300 ? work-in-process inventory 50,400 ? finished goods inventory 179,200 $ 113,000 cost of goods sold 245,600 required: prepare journal entries to record the transactions. Prepare t-accounts to show the flow of costs during the period from materials inventory through cost of goods sold
The journal entry of the Ervin equipment based on the given information provided alongside the t-account is as follows:
Journal entry.
Materials $76,000 (debit)
Trade Payable $76,000 (credit)
Manufacturing Account $5,300(debit)
Materials $5,300 (credit)
Cash $81,000 (credit)
Manufacturing Account $5,300 (debit)
Materials Account $5,300(credit)
Manufacturing Account $37,500 (debit)
Wages Payable$13,400 (credit)
Manufacturing Overheads $81,000 (debit)
Cash $81,000 (credit)
Applied overhead- ( 13,400*155%)= $20,770
Manufacturing Overhead - depreciation $17,500 (debit)
Accumulated Depreciation $17,500(credit)
T-Account
Work in process Material
Dr___________Cr____ DR ___________CR
50,400 ------ 28,300 -----
5,300 ----- 28,300 ---- 5,300
84,000 ----- 50,400 -- 84,000
13,400---
20,770---
Accounts payable Cash
Dr____________Cr_ DR ___________Cr
--- 28,300 ----28,300
----- 28,300 ----20,770
Factory overhead Wages payable
Dr ____________Cr Dr _____________Cr
20,770---
----- 13,400
17,500---
Applied factory overhead Accumulated depreciation
Dr_____________Cr Dr ___________Cr_
---- 20,770 ---17,500
Cost of goods sold Finished goods
Dr_____________Cr Dr ______________Cr
( open) 179,200---
--- 113,000 (end)
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gut bombs sandwich shop pays $5,000 a month in rent space and equipment. it pays each of its 10 workers $2,500 a month and spends an average of $5,000 on food. there are no other production costs. usually the shop sells 3,500 sandwiches per month for $10 each. the average variable cost per month per sandwich, rounded to the nearest penny, is . multiple choice question. $8.16 $8.57 $7.23 $7.85
The average variable cost per month per sandwich, rounded to the nearest penny, is $8.57.
The average variable cost per month per sandwich in Gut Bombs Sandwich Shop can be found by dividing the total variable costs by the total number of sandwiches produced. The total variable cost per month in Gut Bombs Sandwich Shop is the sum of all the variable costs, which include wages and salaries, food costs, and other expenses. Hence, let's find the sum of all the variable costs;
Variable cost = food + wages
= $5,000 + (10 × $2,500)
=$30,000
The average variable cost per month per sandwich is;
AVC = Total variable cost / total quantity produced
AVC = Total variable cost / total quantity produced
AVC = $30,0003/ 500
AVC = $8.57
Therefore, the average variable cost per month per sandwich is $8.57, which when rounded off to the nearest penny is $8.57. Thus, the correct option is B. $8.57.
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according to classical economists, say's law applies to a barter economy, but it does not apply to a money economy. a. true b. false
Incorrect, as according classical economists, the saying that the law of large numbers does not apply to a barter economy but does to a money economy.(option b)
By a barter economy, what do you mean?A bartering system is a paperless economic system where goods and services are exchanged at agreed-upon prices. One of the earliest forms of economies is barter, which predates both monetary systems and written history. Barter may be used effectively in practically any industry. A different form of commerce called barter involves exchanging goods and services directly for each other instead of via the use of money. For instance, a producer would trade a shoemaker a pair of sneakers for a bushel of wheat.
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which of the following generic competitive strategies would a producer of commodity such as steel most likely pursue? broad low cost exclusive dealing broad differentiation horizontal integration focus differentiation
A producer of a commodity such as steel would most likely pursue the broad low-cost generic competitive strategy.
Generic competitive strategies refer to the strategic decisions of an organization in order to achieve a competitive advantage over its rivals. Organizations utilize generic competitive strategies to build a sustainable competitive advantage by exploiting the weaknesses of their competitors in order to boost their market position.
The four most commonly utilized generic competitive strategies are: Cost leadership Broad differentiation Narrow focus Cost leadership and differentiation. The choice of generic strategy is determined by the industry's structural characteristics such as the industry life cycle stage, the level of product differentiation, the intensity of competition, the firm's resources, and the firm's position within the industry. The most appropriate strategy for a commodity producer like steel would be cost leadership.
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retail world purchases inventory of $400 and office supplies of $100 from a supplier on credit, terms 2/10, n/30. when recording the purchase transaction in its purchases journal, what amount would the company enter into its inventory dr. column?.
When recording the purchase transaction in its purchases journal, Retail World would enter the amount of $400 into its inventory debit (dr.) column.
The reason for this is because the $400 represents the cost of the inventory that Retail World has purchased on credit from the supplier. The terms of the purchase are 2/10, n/30, which means that Retail World can take a 2% discount on the purchase if it pays the supplier within 10 days. Otherwise, the full amount of the purchase is due within 30 days.
The office supplies purchase of $100 is a separate expense item and would be entered into a separate column in the purchases journal.
Therefore, when recording the purchase transaction in its purchases journal, Retail World would debit its inventory account for $400 and credit its accounts payable account for the full amount of the purchase, which is $500. If Retail World takes advantage of the early payment discount, it would credit its accounts payable account for $490 instead.
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a customer buying an unfamiliar product that carries a fair degree of risk would most likely engage in what type of decision-making? question 11 options: affective decision-making limited decision-making habitual decision-making cognitive decision-making
The type of decision-making based on the statement above is Cognitive decision-making. Therefore the correct option is D.
When a customer buys an unfamiliar product with a fair degree of risk, they are likely to engage in cognitive decision-making. This type of decision-making involves the consideration of multiple options, weighing the pros and cons of each, and making an informed decision. The customer will research and compare different products, consider factors such as the product's features, cost, and quality, and use their knowledge and expertise to make the best choice for their needs.
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the massage chairs at courtney's beauty salon are worth less now than they were last year. this loss of value is
The massage chairs at Courtney's beauty salon are worth less now than they were last year. This loss of value is due to the depreciation of assets.
What is Depreciation?Depreciation is a measure of the decrease in the useful life of an asset due to natural wear and tear, obsolescence, or physical deterioration. When an asset is purchased, its initial cost is known as the book value. Every year, as the asset depreciates, its book value decreases.
The initial cost of an asset decreases each year due to depreciation, which is a measure of the asset's loss in usefulness due to physical deterioration, obsolescence, or normal wear and tear. Every year, as the asset depreciates, its book value decreases.
Depreciation may be calculated using a variety of methods, including the straight-line, double-declining balance, and units-of-production methods, among others.
The depreciation rate is calculated using the formula Depreciation Rate = (Cost of Asset - Salvage Value) / Useful Life of Asset.
The useful life of an asset refers to the length of time during which it is anticipated to be useful before it becomes obsolete, wears out, or is replaced by another asset.
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jackson corporation originally issued 300 shares of $50 par convertible preferred stock at $80 per share. if each preferred share may be converted into 2 shares of $20 par common stock and all the shares are converted, what amount is credited to the common stock account? a.$18,000 b.$12,000 c.$48,000 d.$15,000
Answer: The amount is credited to the common stock account is $48,000.
Jackson Corporation originally issued 300 shares of $50 par convertible preferred stock at $80 per share. If each preferred share may be converted into 2 shares of $20 par common stock and all the shares are converted, the amount credited to the common stock account is $48,000.
First, we need to know the total cost of 300 shares of convertible preferred stock at $80 per share:Total cost = 300 × $80 = $24,000 Next, we need to find the total number of common stock shares that will be issued: Total number of common stock shares = 300 shares of convertible preferred stock × 2 shares of common stock per preferred stock = 600 shares of common stock
Now we can calculate the par value of the common stock to be issued: Par value of the common stock = 600 shares of common stock × $20 par value per share = $12,000. Finally, we can determine the amount credited to the common stock account: Amount credited to the common stock account = Par value of the common stock = $12,000Since all the preferred shares are converted, the total credit to the common stock account is $48,000 ($12,000 × 4). Therefore, the correct option is (c) $48,000.
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