Complete/Correct Question:
Coffee Roasters, Inc., sells whole bean and ground coffee to Delicioso Deli under an existing contract. When the cost of coffee beans increases, Delicioso agrees to a price increase, but later wants to cancel the contract. Delicioso may
a. not cancel the contract.
b. cancel the contract only on reasonable notice.
c. cancel the contract immediately.
d. cancel the contract only after accepting a final shipment.
Answer:
a. not cancel the contract
Explanation:
Since there is a new contract which negates the old one and which carries the new price increase, Delicioso may not cancel the contract.
Cancelling the contract by Deliciso will lead to loss for Delicioso as it will have to pay damages amongst other things for breaching the contract with Coffee Roasters Inc.
With this in mind, Delicioso has to go through with the contract before renegotiating another contract.
Cheers.
An American company is in a joint venture with an overseas Middle East company. The U.S. managers are particular about time management and appointments for conference calls and meetings. However, their overseas Middle Eastern counterparts are not conditioned the same way and don’t necessarily adhere to schedules. This variation in time management is an aspect of their _____ environment.
Answer:
This variation in time management is an aspect of their _cultural____ environment.
Explanation:
The working environment of countries differ. This environment also dictates approaches to issues. For example, this Middle Eastern company operates in a cultural environment that does not take issues with time management serious unlike the American counterpart. The prevalent cultural environment may not be easy to overcome. For this reason, companies engaging in international relationships should factor in this consideration of differences in culture whenever they venture outside.
This variation in time management is an aspect of their cultural environment.
The following information should be considered:
The cultural environment is the important reason for the Saudi Arabia delegation to not adhere to the schedule. This is due to the USA and Saudi Arabia contains different time zones and the Saudi delegates have different cultures and also have working environment unlike USA.
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When Nokia used a global campaign to promote their new product (Nokia 900 Communicator) that combined phone, fax, e-mail, and Internet functions with the slogan "Everything. Everywhere," they were appealing to a(n) ______________________ segment.
Answer:
Universal segment
Explanation:
Universal segment is a method used in marketing to target a broad range of customers. The aim is to attract a larger number of people to purchase the product.
segmentation is the way a product is tailored to meet the needs of target customers.
in the given scenario Nokia used a global campaign to promote their new product (Nokia 900 Communicator) that combined phone, fax, e-mail, and Internet functions. This has a broad range of users for these features.
The slogan of this product was also "Everything. Everywhere".
Stitches Corporation enters into a contract to sell denim clothing to Trend Fashion Company, which in turn sells the clothing to consumers. In contrast to standards that apply to consumers, the UCC imposes on merchants:_________
a. less strict legal standards.
b. special business standards.
c. stricter ethical standards.
d. the same overall standards.
Answer:
B. special business standards.
Explanation:
In this scenario, Stitches Corporation enters into a contract to sell denim clothing to Trend Fashion Company, which in turn sells the clothing to consumers. In contrast to standards that apply to consumers, the uniform commercial code (UCC) imposes on merchants is the special business standards.
The uniform commercial code (UCC) is a set of standardized business laws which are put in place for the regulation of financial contracts and commercial transactions used across different states in the United States of America.
There are special rules known as the special business standards that are set up by UCC governing the merchants and the sales of goods in the Article 2 of the uniform commercial code.
Hampton Corporation has a beta of 1.3 and a marginal tax rate of 34%. The expected return on the market is 11% and the risk-free interest rate is 6%. Estimate the firm’s cost of internal equity.
Answer: 12.5%
Explanation:
Given the following :
Beta (B) = 1.3
Marginal tax rate = 34%
Risk free interest rate = 6%
Market rate of return = 11%
The cost of equity is calculated using the relation:
Risk free rate of return + Beta(market rate of return - risk free rate of return)
Cost of equity = 6% + 1.3(11% - 6%)
Cost of equity = 6% + 1.3(5%)
Cost of equity = 6% + 6.5%
Cost of equity = 12.5%
Therefore, the firm's cost of internal equity is 12.5%
Q 8.14: The financial statements of the Imagine Company report net sales of $1,000,000 and accounts receivable of $700,000 and $300,000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for the Imagine Company
Answer:
2 times
Explanation:
The computation of accounts receivable turnover is shown below:-
Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
where,
Net credit sales is $1,000,000
And, the Average accounts receivable is
= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2
= ( $700,000 + $300,000) ÷ 2
= $500,000
Accounts receivable turnover = Net sales ÷ Average accounts receivable
= $1,000,000 ÷ $500,000
= 2 times
A master budget ________. A. is only prepared for manufacturers as they are the only type of company with material purchases and work−in−process accounts. B. improves companies' market capitalization and evolves from both the investing and financing decisions C. is another name given to the financial budget D. is the initial plan of what the company intends to accomplish in the period and evolves from both the operating and financing decisions
Answer:
D. is the initial plan of what the company intends to accomplish in the period and evolves from both the operating and financing decisions.
Explanation:
The You Design, We Build Company makes custom furniture of all kinds. The firm has evolved into a big business due to quality and innovative work. Recently, top management asked company departments to list and evaluate the kinds of socially responsible efforts conducted internally and externally in the business and to list negative occurrences that supervisors observed. Top management is essentially conducting a(n)
Answer:
and thats how manfi works123
Explanation:
:hand emoji:
12313
List the advantages and disadvantages of a Small Business:
Answer:
Kindly check explanation
Explanation:
Small businesses may be defined based on various criteria ranginging from the size of running capital, number of employees and even customer base. What is obvious is that most small business require very little capital, limited number of employees and small market size. Small businesses offers the following advantages :
Financial liberty which affords it's doers the ability to cater for themselves or buttress on their initial EARNING.
INCREASED RESPONSIBILITY : Business owners take absolute charge of business decisions thereby broadening their scope and offering more independence and greater control.
Another advantages of having a small business is the fact that efforts and commitment put into the sustenance and growth of the business will be duly reaped by the owner. Rather than having to work for someone else to earn a greater portion of the return.
However, it also has its disadvantages which ranges from :
Exposure to financial risk arising from business collapse such that one has to deal with the burden alone.
The effort put in to keep business aloft may become overwhelming due to lack of adequate employees which may result in health impairment.
Samantha is a marketing manager and researcher at a beverage company. Her company plans to launch a new health drink in the market to target athletes. Samantha has assembled a group of 60 local athletes and has given them a topic related to their interests. As the group discusses the topic, Samantha is taking notes. What type of primary research is Samantha using to collect market research data? A. personal interviews B. focus groups C. behavior observation D. mail survey
Answer:
B on PLATO
Explanation:
i got it correct
Tesco was forced to restate its earnings for the first half of 2014 to 431 million USD because senior managers in the UK food business had booked income early and delayed the booking of costs in order to improve appearances of financial performance. This scandal results from ____________ and __________.
Answer:
Poor governance and Control
Explanation: The overstatement of profit made by TESCO, a renowned grocery chain in the U. K could largely be traced to the poor internal structure governing the setup which demonstrated high level of ineptitude in the control and anchoring the of the firm's activities. In a bid to increase profit and market standing, TESCO embarked on an aggressive financial strategy whereby income was doctored and suppliers tricked into making payment in other to up the company's earning figure. This act explains how disjointed the upholding structure within the company was at the time.
King Construction Company receives weekly shipments of lumber, vinyl siding, and stone slabs from one of its materials suppliers. Since King Construction Company is a regular customer, the supplier has made an agreement to give the company discounts if it pays its bill early. This is an example of
Answer:
Trade credit
Explanation:
The trade-credit refers to the increase in credit by the suppliers. There is an option to purchase now and pay later. The company could take order with respect to material delivery, equipment on credit instead of paying in cash on an immediate basis. This can be done by using the trade credit
Therefore according to the question, since it is mentioned that there is an agreement that if pay the bill on early so the company provides the discount
So, this is an example of Trade credit
This is a Trade Credit illustration.
A trade credit agreement is a contract that allows you to buy products and services without having to pay for them right away. The buyer and the vendor come to an agreement, and the seller delivers the goods and services purchased. It is more beneficial to the expansion of a firm.
According to this knowledge, King Construction Firm is a regular customer, and there is an understanding that if the bill is paid early, the company will give a discount.
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Erin works for a dry-cleaning company that has a contract with the U.S. government. To save on cleaning fluid, her boss orders her to wash some clothes that are supposed to be dry-cleaned in a washing machine. When the courier hired to pick up the cleaned garments arrives, Erin tells him about her boss' actions. Erin tells no one else about what is going on and is later fired. Erin:
Answer: Erin is not protected by whistleblower statute
Explanation:
From the question, we are informed that Erin works for a dry-cleaning company that has a contract with the U.S. government and that in order to save on cleaning fluid, her boss orders her to wash some clothes that are supposed to be dry-cleaned in a washing machine.
We are further told that when the courier hired to pick up the cleaned garments arrives, Erin tells him about her boss' actions but Erin tells no one else about what is going on and is later fired.
This shows that the whistleblower statute didn't protect Erin because of her failure to inform the main party that was affected of the contract violation
When one store stays open late to gain an advantage, its competitors begin to stay open late, too. At this point the first store is no better off than it was before, but now every store has additional expenses. This illustration is an example of what Frank and Cook call a
Answer:
Positional Arms Race
Explanation:
In the positional Arms Race, one of the competitor tries to increase its sales by offering more to its customer which would also encourage its competitor to offer more to its customers. This is because the competitor will try to retain his customers for the long term that other competitor wants to win.
As in this case, the company has began to stay open late, though it will increase its sales initially but later it would encourage its competitor to do so which will result in decline in value to company as it will increase the cost of both competitors and will not be generating enough value for the companies. This phenomenon is often referred to as Positional Arms Race.
Which subjects does the Aspire test assess?
Answer:
five subject areas: English, mathematics, reading, science, and writing
Darwin Inc. sells a particular textbook for $20. Variable expenses are $14 per book. At the current volume of 50,000 books sold per year the company is just breaking even. Given these data, the annual fixed expenses associated with the textbook total:
Answer:
Fixed costs= $300,000
Explanation:
Giving the following information:
Selling price per unit= $20
Variable expenses= $14
Break-even point in units= 50,000
To calculate the fixed costs, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
50,000= fixed costs / (20 - 14)
50,000*6= fixed costs
Fixed costs= $300,000
Sandra has been working for six months at TUV Technologies. During that time she has compiled an impressively long list of names, addresses, phone numbers, and products purchased by customers. To access and search through this information quickly and efficiently, she could store it in a(n) _____.
Answer:
A query is a request for the database management software to search the database for data that match criteria specified by a user.
Explanation:
You purchase a new car for $33,333. What is the outstanding balance on the loan after you make the second payment if you have a 5-year loan with monthly payments and an interest rate of 7.84% (compounded monthly)? (Round your answer to the nearest integer)
Answer:
$32,419
Explanation:
I prepared an amortization schedule using an excel spreadsheet. The monthly payment is $673.32:
year beginning scheduled principal interest ending
balance payment balance
1 $33,333 $673.32 $456 $218 $32,877 .45
2 $32,877 $673.32 $459 $215 $32,418.91
The outstanding balance after the second payment = $32,418.91 ≈ $32,419
If there is a decrease in the short-run aggregate supply curve and no changes in fiscal policy are implemented, the economy over time will Group of answer choices Remain at the new price and output level Experience a leftward shift in the aggregate demand curve Return to the original output and price level Experience increasing nominal wages Continue to have rising prices and decreasing Real GDP
Answer: Return to the original output and price level
Explanation:
There is a general consensus in the Economic world that the Economy will usually adjust back to a level of full employment which is the Long Run Aggregate Supply curve.
When the short short-run aggregate supply curve experiences a decrease, the variables at play will adjust to such a point where they will return to the Original Output and price level assuming that was the Long Run AS level. For instance, if the price of a raw material needed in production rises, output will decrease as the inputs have become more expensive. As a result of this decrease in output, unemployment goes up which will theoretically mean that wages will go down as there are now more people looking for jobs. This will reduce the wage cost and producers will take advantage to start producing more bringing the Economy back to the original level.
Consider two perfectly negatively correlated risky securities A and B. A has an expected rate of return of 10% and a standard deviation of 16%. B has an expected rate of return of 8% and a standard deviation of 12%. What is the weight of Security A in the global minimum variance portfolio? Format your answer as a percent to 2 decimal places. (e.g. XX.XX% do not show % sign)
Answer:
0.43
Explanation:
The computation of the weight of Security A for the minimum variance portfolio is shown below:
Weight of security A is
= (Standard deviation of Security B) ÷ (Sum of the standard deviation of securities)
= (12%) ÷ (16% + 12%)
= (12%) ÷ (28%)
= 0.43
We simply applied the above formula so that the weight of Security A
The Karaoke Channel Online streams professional-grade karaoke for $9.95 a month. Suppose Karaoke Channel Online has a constant marginal cost of $1 per customer and total fixed cost is $20,000. The profit maximizing number of customers is 10,000. Several competitors start to advertise online. Karaoke Channel Online now spends $5,000 a month on advertising and the profit maximizing number of customers increases to 12,000 and the streaming price remains constant. What is Karaoke Channel Online's total profit after the advertising begins?
Assume a fixed cost for a process of $120,000. The variable cost to produce each unit of product is $35, and the selling price for the finished product is $50. Which of the following is the number of units that has to be produced and sold to break even?
a. 790 units
b. 1,000 units
c. 500 units
d. 900 units
e. 667 units
Answer:
8000 units
Explanation:
Given the following :
Fixed cost = $120,000
Variable cost per unit of product = $35
Selling price per unit of product = $50
Number of units that has to be sold to break even:
Break even point (unit) is the ratio of the fixed cost and the unit contribution margin of a product.
Unit contribution margin = selling price - variable cost
Unit contribution margin = $50 - $35 = $15
Break-even point (unit) = $120,000 / $15
Break-even point (unit) = 8000 units
Georgia was supposed to pay her premium by the 15th of the month. Which of the following provisions allows her to keep her coverage if she is a couple of weeks late with paying her premium (without penalty)?
a) Incontestability clause
b) Misstatement of age provision
c) Naming a beneficiary
d) Policy reinstatement
e) The grace period
Answer: The Grace period
Explanation:
From the question, we are informed that Georgia was supposed to pay her premium by the 15th of the month. The provision that allows her to keep her coverage even though she is a couple of weeks late with paying her premium without penalty is referred to as the grace period.
The grace period is a period of time which is after the due period of an obligation whereby a late fee or a penalty is waived. In this case, Georgia was in her grace period.
Suppose the MPC is 0.60. Assume there are no crowding out or investment accelerator effects. If the government increases expenditures by $200 billion, then by how much does aggregate demand shift to the right
Answer:
$500 billion
Explanation:
we must first calculate the economy's multiplier = 1 / MPS
marginal propensity to save (MPS) = 1 - MPC = 1 - 0.6 = 0.4
economy's multiplier = 1 / 0.4 = 2.5
this means that if the government increases expenditures by $200 billion, the the economy will grow (rightward shift) by $200 x 2.5 = $500 billion
Early settlers in the town of Dry Gulch drilled wells to pump as much water as they wanted from the single aquifer beneath the town. (An aquifer is an underground body of water.) As more people settled in Dry Gulch, the aquifer level fell and new wells had to be drilled deeper at higher cost. The residents of Dry Gulch will overuse water relative to the social optimum because:___________.
a. each resident will fail to adequately consider the external cost of his or her own water use
b. water is a scarce resource
c. each resident will fail to adequately consider the external benefit of his or her own water use
d. the marginal cost of water is increasing
Answer:
Dry Gulch Town
The residents of Dry Gulch will overuse water relative to the social optimum because:
a. each resident will fail to adequately consider the external cost of his or her own water use
Explanation:
When individual households in Dry Gulch dig their own wells, each household will usually overuse the water because they are not paying any incremental costs except for the maintenance of the well. Again, the aquifer level around the area usually falls due to overuse and this makes it difficult for new residents to find water unless they dig deeper wells at higher costs. So, there is always some social costs (sometimes immediately external to the households) for individual households to dig their own water wells instead of community or commercial wells that will help regulate water use.
The diminishing marginal utility effect states that as more of an item is consumed and the amount of additional satisfaction decreases, the seller must ________ price to induce the consumer to buy more.
Answer: decrease
Explanation: Marginal utility could be explained as the extra satisfaction derived from the consumption of one extra unit of an item. However, as consumption increases, the extra satisfaction (marginal utility) begins to decline. At this point, the demand for such product or item will tend to fall or drop due to the decline in satisfaction. When this happens, reduces the price of such item becomes paramount in other to fight the decline in demand of the product and induce consumers to buy more.
Galena is a new agent for a financial services company. She decides to join the local chamber of commerce, the local association of businesswomen, and the local chapter of the United Way organization. Galena is attempting to use
TooEarly, Inc. is a calendar year corporation. On January 3rd of the current year at the request of TooEarly management, Grand Slam Inc., TooEarly's only corporate shareholder, sells all its shares of TooEarly stock to Bill Brady, an individual. On January 5th of the current year TooEarly files for S corporation status. What is the first year TooEarly will be eligible for S corporation treatment
Answer:
Next year
Explanation:
Since in the question, it is given that the only the corporate shareholder sells all of its shares to Bill Brady who is an individual and on the current year too early filed the S corporation status
Now the TooEarly will be eligible for the next year as the TooEarly has a non-qualified shareholder but the S corporation treatment is available for the following year
Marcus is a self-employed marketing consultant. He is good at helping his clients with their marketing challenges; however, he is not keeping up with billing his clients regularly or keeping track of his hours. He feels like the time he spends on these functions is taking him away from activities where he has more talent and ability. His small business needs to bill clients quickly to keep the business running. What would you recommend Marcus do?
Answer:
To outsource the accounting function to another firm.
Explanation:
Outsourcing: Outsourcing refers to a process in which the business is able to perform its work with the help of an outside firm that means they provide the work to the other firm so that the company could able to save the cost and time
Since in the question it is given that Marcus spending much time and away him from that work where he has more talent and ability. So to fulfill the business needs the outsourcing option is the best recommended.
Production and sales estimates for March for the Streamline Systems Co. are as follows: Estimated inventory (units), March 1 17,500 Desired inventory (unit), March 31 20,300 Expected sales volume (units) 35,000 Unit sales price $15 a.35,000 b.37,800 c.20,300 d.17,500
Answer:
b.37,800
Explanation:
The computation of the number of units expected to be manufactured is shown below:-
Number of units expected to be manufactured = Sales + Ending inventory - Beginning inventory
= 35,000 + 20,300 - 17,500
= 37,800 units
Therefore for computing the number of units expected to be manufactured we simply applied the above formula.
Brayden is a general partner in a four-member limited partnership with two general and two limited partners. The partnership is silent with regard to the duration of the partnership, and Brayden wishes to retire.
A) Brayden may withdraw at any time, and the partnership continues.
B) Brayden must give six months' notice before being permitted to withdraw.
C) The other general partner and the limited partner with the largest liability must agree to his withdrawal.
D) The court must grant permission for Brayden to withdraw since the agreement was silent and the other partners and third-party customers of the partnership must be protected.
Answer:
A) Brayden may withdraw at any time, and the partnership continues.
Explanation:
A partnership is defined as a business venture where two or more people decide to pool their resources together in a business to achieve a particular objective.
Partnerships can be a complex relationship between participants where conflict may rise. To curtail this an agreement is usually written that states conditions for withdrawal, percentage of ownership, division of profit and loss, length of partnership, and partner authority.
In this scenario the partnership is silent on the duration of the partnership, so Brayden may withdraw at any time and the partnership will continue