The Resource-Based View (RBV) is a collection of theories that contends businesses can create a competitive edge by utilizing internal resources that are valuable, uncommon, uncopyable, and structured for value capture.
What does "resource-based perspective" in strategic management (RBV) mean?According to the resource-based view (RBV), a company's capacity to preserve a competitive edge rests on its access to valuable, unusual, distinctive, and irreplaceable resources (Barney, 1991). The effectiveness and competitiveness of businesses in the marketplace are influenced by their capacity to develop or acquire these resources.
What role, in terms of the resource-based view (RBV), do resources and capabilities have in a company's ability to obtain a competitive advantage?In accordance with the resource-based theory of competitive advantage, innovations gain a long-term competitive advantage by accumulating and utilizing resources to satisfy customer requirements in ways that are difficult to duplicate or replace. It asserts that variables other than the innovation itself determine whether an invention is successful.
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Stylon Co., a women's clothing store, purchased $26,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30, using the net method under a perpetual inventory system. Stylon returned merchandise with an invoice amount of $4,200, receiving a credit memo.
The date, the amount to be credited as well as debited, a short description of the transaction, and the accounts impacted are all included in each journal entry along with other information pertinent to a single business transaction.
What is in a journal entry?Any exchange, whether or not it is an economic one, can be recorded as a diary entry. An accounting journal that displays the debit and credit balances of a business lists transactions. Multiple recordings, each of which is whether its a debit or a credit, may be included in the diary entry.
Business transactions are initially entered into a journal in manual accounting or bookkeeping methods. the name "notebook entry" was born. Depending on the business, it may identify affected divisions, tax details as well as other information.
Journal entries are attached below:
c). Accounts payable = $25,480 - $4,312
= $21,168
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Rest of the question is,
a. Journalize Stylon’s entry to record the purchase. If an amount box does not require an entry, leave it blank.
b. Journalize Stylon’s entry to record the merchandise return. If an amount box does not require an entry, leave it blank.
c. Journalize Stylon’s entry to record the payment within the discount period of 10 days. If an amount box does not require an entry, leave it blank.
d. Journalize Stylon’s entry to record the payment beyond the discount period of 10 days. If an amount box does not require an entry, leave it blank.
If 32 oz of cheese if $9.98 how much would 4 oz of that cheese be
If the cost of 32 oz of cheese is $9.98, 4 oz would cost $1.25 (rounded to the nearest cent).
What transpires if the market has an excess of wheat?So there would be a surplus since there would be more supply than demand. The oversupply of wheat would activate market forces. In order to sell more wheat, wheat farmers would cut the price.
Would the supply be affected if the price of wheat changed?The demand for wheat will rise as the price of wheat declines. When the demand curve shifts, there is an increase in demand. At the new equilibrium price, more wheat will be traded, increasing the amount demanded.
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Match these 30 POINT plus brainliest
Business Fluctuations
Consumption
Economic growth
Economies of scale
Free Rider
Government Purchases
Human Capital
Institutions
Investment
Physical capital
Price Ceiling
Price Floor
Recession
Rent Control
Speculation
Technological knowledge
A. The city of Phoenix informed me that the maximum rate I am allowed to lease my
condo at is $750 a month.
B. In 2008 oil prices were increasing, my husband and other recent graduates
couldn't find a job, as well as the overall economy was hurting.
C. Sam believes that there is a zombie apocalypse coming. He is investing in rice and
other storable food to sell and trader when times are rough.
D. Everyone needs high speed internet so the price is set to be no more than $25 a
month.
E. John took credit on the group project, even though he didn't contribute.
F. It is common knowledge farms can produce more crops when the proper fertilizer
is applied.
G. As oil prices increase we will most likely see a downward trend in GDP, when oil
prices decrease we typically see an increase in GDP.
H. Sorting people's recycled goods is gross work so they can't be paid less than $20
an hour.
1.
Our 3 branches of government
J. The benefit I can receive from attending a teaching conference.
K. The salaries Redstone Arsenal
L. In order to run a metal casting company you need high temperature ovens,
computers to create designs, and molds for holding the designs.
M. The US economy grew by 3.6% from 2018 to 2019.
N. I enjoy spending money on nail services and new clothes for my boys.
O. Jamie purchased a new cricket machine for designing t-shirts to sell.
P. Riding the train is a great method of transportation in a large city.
Answer:
Free Rider - E
Rent Control - A
Recession - B
Economic Growth - M
Consumption - I?
Investment - O
Price Ceiling - D
Business Fluctuations - G
Technological Knowledge - L
Price Floor - H
Human Capital - F
Speculation - C
Please feel free to let me know if i forgot any of the words!
In the graduate program at Herringbone University, students are allowed only one missed class per semester or they face academic discipline. Three female students have approached you as the diversity and ethics officer with a concern about the policy They explain that they all have young children (as do many students in the program), and getting childcare during class times is difficult because some of the classes don't end until 8:00 in the evening. They feel the policy is unfair, especially since the university doesn't offer any support. leniency in policy, or childcare options. In addition, the location of the university (an upper middle class neighborhood where most children have at least one parent at home) is not where most students live (a neighborhood where most children have two working parents or a single working parent).
How would you approach this issue using diverse and ethical perspectives? Use specific examples from the scenario and your personal and professional life.
As a Diversity and Ethics Officer I would respond to the issue by raising a request for a day/evening care for children (free or at a lowest possible rate) and starting a bus route.
This would be the best way to deal with this situation in an ethical manner.
Is it difficult to define ethics?While not whole objective, ethics is far more difficult to check since it depends so much on the situation at hand and the individuals who are doing the judging.
What is it , and why is it significant?When we tell the truth, maintain our word, or help a stranger in need, ethics is what leads us. Our everyday lives are done by an ethical framework that guides our choices and keeps us away from unfair results.
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Sergei asks his career counselor why the average salary for a human resources manager is so much higher than the average salaries for other careers. What is the BEST possible response?
A.
The job of human resources manager requires advanced math skills.
B.
This job usually requires people to make split-second decisions.
C.
This job usually requires a college degree plus years of experience.
D.
The job of human resources manager is an entry-level position.
The correct answer is The BEST possible response to Sergei's question about the higher average salary for a human resources manager is option C, which is that this job usually requires a college degree plus years of experience.
Human resources managers are responsible for overseeing personnel operations, including recruitment, hiring, training, and compensation. This is a specialized and important role that requires a combination of business acumen, communication skills, and knowledge of employment laws and regulations.Typically, human resources managers are required to have a college degree in a relevant field such as human resources, business, or psychology, and several years of experience in the field. This level of education and experience is necessary to develop the skills and knowledge required to excel in this role.
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Which of the following explains what a
technological advancement does to a supply
curve?
A. shifts up
C. shifts right
B. shifts left
D. shifts down
Option (c), A supply curve will move to the right as a result of technological developments that increase manufacturing efficiency.
Which changes in technology have an impact on the supply curve?The improved production process efficiency brought about by technology causes the supply curve to shift to the right. When production costs drop, more consumers will seek out the products. See more information on supply price elasticity.
Innovations in technology that reduce the cost of production's inputs are often what cause changes in a supply curve. Due to technology advancements that improve manufacturing efficiency, a supply curve will shift to the right. More goods at lower prices will be sought after by consumers as production costs fall.
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What is the purpose of a report?
Answer:
A. To display data returned from a query in a specially formatted way.
Question 1 (5 marks) Maximum word count: 100 words 4 Due to an increased advertising effort about the positive effect of activated charcoal in beauty products, consumers in South Africa are eage to buy beauty products that contain this ingredient. Explain how this will affect the market for activated charcoal. You are allowed to use a diagram to explain your answer, but you will only be allocated marks for the correct verbal explanation.
The answer is, The market for activated charcoal will expand as a result of increased demand for beauty products containing this ingredient, leading to higher prices and greater quantities supplied.
The reasons for this to happen are-
The market for activated charcoal will change as a result of the rise in demand for cosmetics incorporating activated charcoal in South Africa.The demand curve for activated charcoal will change to the right, indicating a rise in demand across the board.Also, Between 2022 and 2028, the market for global charcoal beauty products is predicted to grow significantly. The market is estimated to increase during the anticipated time frame in 2021 because major companies are adopting strategies at an increasing rate.The result for this increased demand would be-Customers will be increasingly inclined to pay more for these goods as they become more aware of the advantages of activated charcoal in beauty products.
To satisfy the greater level of demand, producers will raise their output of activated charcoal in response to the rise in demand.
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HELP NEED TO BE DONE FAST
Answer:
1. Company:Apple
The brand promise of Apple is to provide cutting-edge, usable technological products that improve people's lives. Apple does this through emphasising design, quality, and usability as well as the development of an ecosystem of connected devices and services.Apple also reinforces its brand promise and forges an emotional bond with its customers through its advertising campaigns and physical locations.
2.Company type: Natural medicines and organic supplements are sold by a health and wellness firm.
a. A variety of natural cures and supplements, including vitamins, herbs, and goods for alternative medicine would be sold by the firm.
b. Target client categories might be categorised according to their lifestyle choices and health requirements. For instance, one group would be those seeking immune system support vitamins, while another might be those seeking natural treatments for stress and anxiety.
c. The company may choose to differentiate between these two groups of clients by making tailored advice and offers based on their individual health requirements and concerns. For instance, the business may give the first group a discount on immune-boosting vitamins and the second group a discount on items that reduce stress. This strategy would demonstrate the company's commitment to offering individualised solutions and concern for its clients' specific health issues.
d. If the company discriminates against consumers based on their health issues, gender, age, or other variables, the sort of channel management mentioned above might possibly result in unjust treatment of some groups.
3. a. When determining how much inventory to keep on hand of a specific item, factors to take into account include past sales data, consumer demand trends, seasonality, and supplier availability.
b. If I owned a supermarket or clothes business, I would choose the Just-in-Time (JIT) purchasing strategy. When you just-in-time (JIT) buy inventory, you just buy what you need and pay less for extra inventory and storage space.
c. The ABC inventory system, which classifies items based on their worth and consumption rate, is one inventory control strategy that I would want to utilise.
d. Organic tea and honey are an example of two goods that might be mixed in a retail display. Several types of tea and honey, as well as informational materials on the health advantages of ingesting them together, might be on show.
4. The height and placement of the desk and chair, the location of the computer monitor and keyboard, the lighting and glare in the workspace, the distance between the employee and their equipment, the amount of physical effort needed to perform tasks
E8-6 (Static) Recording Depreciation and Repairs (Straight-Line Depreciation) LO8-2, 8-3
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[The following information applies to the questions displayed below.]
Manrow Growers, Incorporated, owns equipment for sowing and harvesting its organic fruit, vegetables, and tree nuts that are sold to local restaurants and grocery stores. At the beginning of this year, an asset account for the company showed the following balances:
Equipment $ 350,000
Accumulated depreciation through the end of last year 165,000
During the current year, the following expenditures were incurred for the equipment:
Major overhaul of the equipment on January 1 of the current year that improved efficiency $ 42,000
Routine maintenance and repairs on the equipment 5,000
The equipment is being depreciated on a straight-line basis over an estimated life of eight years with a $20,000 estimated residual value. The annual accounting period ends on December 31.
1. Record the expenditure for the major overhaul of the equipment.
(debit and Credit)
2. Record the expenditure for routine maintenance and repairs on the equipment.
(debit and credit)
3. Starting at the beginning of the current year, what is the remaining estimated life?
Remaining "X" life
Answer:
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Some states and localities are drafting legislation to reduce the number of payday loans that a lender can provide to an individual within a year. What might the new graph look like if those changes are implemented on a large scale across many states?
Answer:
Without additional information about the specific details of the legislation and its impact on the demand for payday loans, it is difficult to accurately predict what the new graph might look like. However, we can make some general assumptions based on the principle of supply and demand.
If the legislation reduces the number of payday loans that a lender can provide to an individual within a year, the supply of payday loans will decrease. This will likely result in an increase in the cost of payday loans, as lenders will want to make up for the lost revenue from providing fewer loans. This increase in cost may cause some borrowers to seek alternative sources of credit, such as personal loans or credit cards, which could further reduce the demand for payday loans.
As the demand for payday loans decreases, the graph will shift to the left, reflecting the decrease in quantity demanded. The shift will depend on the extent of the legislation and its impact on the market. If the legislation is implemented on a large scale across many states, the shift may be significant and could result in a major change to the payday loan industry. However, if the legislation is only implemented in a few states, the impact may be minimal and the graph may not change significantly.
Answers for, We assume that for several years Kiya Ahemed has operated a part-time consulting
business from her home. As of April 1, 2020, Kiya decided to move to rented quarters
and to operate the business on a full-time basis. The business will be known as Kiya
Consulting. During April, Kiya Consulting entered into the following transactions:
Apr. 1. The following assets were received from Kiya Ahemed: cash, Br.130,100;
accounts receivable, Br.30,000; supplies, Br.11,400; and office equipment,
Br.125,500. There were no liabilities received.
1. Paid three months’ rent on a lease rental contract, Br.60,000.
2. Paid the 0ne year premiums on property and casualty insurance policies, Br.12,000.
4. Received cash from clients as an advance payment for services to be provided and
recorded it as unearned fees, Br.50,000.
5. Purchased additional office equipment on account from Office Station Co.,Br.20,000.
6. Received cash from clients on account, Br.18,000.
10. Paid cash for a newspaper advertisement, Br.1,200.
12. Paid Office Station Co. for part of the debt incurred on April 5, Br.10,000.
12. Recorded services provided on account for the period April 1–12, Br.42,000.
14. Paid part-time receptionist for two weeks’ salary, Br.7,500.
17. Recorded cash from cash clients for fees earned during the period April 1–1
Br.62,500.
18. Paid cash for supplies, Br.8,000.
20. Recorded services provided on account for the period April 13–20, Br.21,000.
24. Recorded cash from cash clients for fees earned for the period April 17-24,
Br.3,8500.
26. Received cash from clients on account, Br.36,000.
27. Paid part-time receptionist for two weeks’ salary, Br.7,500.
29. Paid telephone bill for April, Br.1,300.
30. Paid electricity bill for April, Br.2,000.
30. Recorded cash from cash clients for fees earned for the period April 25–30,
Br.30,500.
30. Recorded services provided on account for the remainder of April, Br.15,000.
30. Kiya withdrew Br.25,000 for personal use.
1. Cash was decreased by Br.60,000 and Rent Expense was increased by Br.60,000.
Rent is a payment made by a tenant to a landlord in exchange for the use of a property or unit. It is usually paid monthly, but can also be paid weekly, bi-weekly, or yearly. Rent is typically based on the market value of the property, but may be agreed upon between the landlord and tenant.
2. Cash was decreased by Br.12,000 and Insurance Expense was increased by Br.12,000.
4. Cash was decreased by Br.50,000 and Unearned Fees was increased by Br.50,000.
5. Accounts Payable was increased by Br.20,000 and Office Equipment was increased by Br.20,000.
6. Cash was increased by Br.18,000 and Accounts Receivable was increased by Br.18,000.
10. Cash was decreased by Br.1,200 and Advertising Expense was increased by Br.1,200.
12. Cash was decreased by Br.10,000 and Accounts Payable was decreased by Br.10,000.
12. Fees Earned was increased by Br.42,000 and Accounts Receivable was increased by Br.42,000.
14. Cash was decreased by Br.7,500 and Salaries Expense was increased by Br.7,500.
17. Cash was increased by Br.62,500 and Fees Earned was increased by Br.62,500.
18. Cash was decreased by Br.8,000 and Supplies Expense was increased by Br.8,000.
20. Fees Earned was increased by Br.21,000 and Accounts Receivable was increased by Br.21,000.
24. Cash was increased by Br.3,8500 and Fees Earned was increased by Br.3,8500.
26. Cash was increased by Br.36,000 and Accounts Receivable was increased by Br.36,000.
27. Cash was decreased by Br.7,500 and Salaries Expense was increased by Br.7,500.
29. Cash was decreased by Br.1,300 and Telephone Expense was increased by Br.1,300.
30. Cash was decreased by Br.2,000 and Electricity Expense was increased by Br.2,000.
30. Cash was increased by Br.30,500 and Fees Earned was increased by Br.30,500.
30. Fees Earned was increased by Br.15,000 and Accounts Receivable was increased by Br.15,000.
30. Cash was decreased by Br.25,000 and Owner's Withdrawal was increased by Br.25,000.
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HELP ASAP :(
The post-purchase evaluation gives consumers a chance to
compare products from different manufacturers.
make better decisions in the future.
show off their purchase on social media.
decide when and where to make the purchase.
Option B. The post-purchase evaluation gives consumers a chance to make better decisions in the future.
What is the Post-purchase evaluation?Post-purchase evaluation is the process of assessing one's satisfaction or dissatisfaction with a product or service after purchase. This evaluation helps consumers to reflect on their purchase decisions and determine whether they made the right choice or not.
By evaluating their experience, consumers can learn from their mistakes and make better decisions in the future, which can lead to more informed and satisfactory purchases. Comparing products, showing off purchases on social media, and deciding when and where to make purchases are not necessarily part of the post-purchase evaluation process, although they may be related.
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McCoy bought an antique pistol from the Old Fort Trading Post for $1,000. Later, the gun was taken from McCoy by the police when they learned that it was stolen property. The police turned the gun over to the rightful owner. McCoy notified the Old Fort Trading Post of what had happened and asked for the return of his money, but the owner of the business refused to give him a refund. What remedy, if any, did McCoy have against the owner of the trading post?
Explanation:
McCoy may have a legal remedy against the Old Fort Trading Post depending on the specific facts of the case and the applicable state law. In some jurisdictions, a seller may be liable for selling stolen property, even if the seller was unaware that the property was stolen. In such jurisdictions, McCoy may be able to sue the Old Fort Trading Post for the return of his $1,000. Additionally, in some jurisdictions, even if the seller was not aware that the property was stolen, McCoy may be able to sue the Old Fort Trading Post for breach of contract, depending on the language of the sale agreement. Finally, in some jurisdictions, even if McCoy is not able to sue the Old Fort Trading Post in a court of law, he may be able to pursue a claim against the business through a consumer protection agency. In order to determine what remedies he may have against the Old Fort Trading Post, McCoy should consult an attorney in the state where the transaction took place. An attorney can advise him of the specific laws that apply to his situation and provide him with guidance on the best course of action.
1: list common form properties?
Answer:
Explanation
properties of form
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1.2. Give the word/term for the following: 1.2.1. People in different countries have different needs and wants with limited resources to satisfy their needs. 1.2.2. Producing too much of a specific commodity. 1.2.3. The most extreme form of a planned economic system. 1.2.4. A model that describes the movement of money, goods and services and factors of production in the economy and between participants. 1.2.5. Market for goods and services.
Answer:
1.2.1. Scarcity
1.2.2. Overproduction
1.2.3. Command economy
1.2.4. Circular flow model
1.2.5. Product market
Explanation:
Respass Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 160,000 Annual cash flow $ 54,000 per year Salvage value at the end of the project $ 11,000 Expected life of the project 4 years Discount rate 15% Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the project is closest to:
NOTE : I got an overview of the answer BELOW BUT I want to clarify HOW THE ´´1.12´´ value is obtained please?
For me I would have had ´´1.15´´ (1+0.15 where 0.15 is the 15% discount rate).
Kindly help me to clarify this please.
EXPECTED ANSWER IS CORRECT: $516
The net present value of the project is closest to $43,970.80.
What is net present value?Net Present Value (NPV) is a financial metric used to calculate the present value of future cash inflows and outflows. It is a popular technique used to evaluate investment opportunities or to determine whether a project or investment will be profitable. To calculate NPV, future cash flows are discounted by a specified rate of return, typically the cost of capital, to reflect the time value of money. If the present value of the cash inflows is greater than the present value of the cash outflows, the investment is considered profitable and has a positive NPV. Conversely, if the present value of the cash outflows is greater than the present value of the cash inflows, the investment is considered unprofitable and has a negative NPV. NPV is a useful tool for decision-making, as it considers the time value of money and the opportunity cost of investing in a particular project or investment.
Net present value = (54,000 * 0.5718) + (54,000 * 0.4900) + (54,000 * 0.4230) + (54,000 * 0.3650) + (11,000 * 0.3650) - 160,000
Net present value = 30,943.20 + 26,460.00 + 22,842.60 + 19,710.00 + 4,015.00 - 160,000
Net present value = $43,970.80
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do you think legal sanction is fair and effective in business?
No, legal sanctions are not effective and fair in business. While supporters contend that sanctions have become more effective in recent years and continue to be an essential tool for foreign policy .
What Are Economic Sanctions?Economic sanctions have become the tool of choice for many policymakers to respond to major geopolitical issues like terrorism and conflict.
The removal of customary financial and trade ties for the purpose of foreign and security policy is known as economic sanctions. The U.S. embargo on Cuba, which has been in place for a very long time, is an example of a comprehensive type of sanctions. On the other hand, sanctions can be targeted and prevent transactions with specific businesses, organizations, or individuals.
critics claim that they are frequently poorly designed and rarely succeed in changing a target's behavior.
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YO IK ITS WEIRD TO ASK ON HERE BUT DOES ANYONE KNOW HOW TO FIND A THAT GOES TO THE SAME SCHOOL AS I DO. LIKE HOW DO I FIND THEM ON CAMPUS?!
Answer:
Well, if you see that they are college level you can ask what college they go to. there's really no other way.
Explanation:
Account no. Account Description 101 Cash at bank 102 Accounts receivable 110 Office supplies 120 Office equipment and furnitur 130 Motor vehicles 201 Accounts payable 210 Bank loan 301 Share capital 401 Revenue 510 Rent expense 520 Electricity expense 530 Advertising expense 540 Bank charges 550 Interest expense 560 Wages expense 2/3-Natasha entered into a 12-month rental agreement over commercial premises with the 12 month cost being $25,800. The first monthly rent expenses for the premises of $2,150 was directly debited from the business bank account 5/3-Purchased office supplies costing $1,050 on credit 18/3 -Paid $840 of the office supplies purchased on 5 March by transfer from the business bank account.
The updated chart of accounts is given below after the transactions has been done.
The updated chart of accounts after the transactions:Account No. Account Description Debit Credit
101 Cash at Bank $14,700
102 Accounts Receivable $4,200
110 Office Supplies $1,050
120 Office Equipment and Furniture $4,200
130 Motor Vehicles
201 Accounts Payable $1,050
210 Bank Loan $42,000
301 Share Capital $8,000
401 Revenue $11,950
510 Rent Expense
520 Electricity Expense
530 Advertising Expense
540 Bank Charges
550 Interest Expense
560 Wages Expense
Explanation of Transactions:
1/3: Natasha opened a business bank account and invested $8,000 cash in exchange for shares in the company.
Debit: Cash at Bank ($8,000)
Credit: Share Capital ($8,000)
1/3: The company obtained a $42,000 bank loan, which will be repaid in 5 years. The loan is considered a non-current liability. The bank has offered an interest-free period of 3 months.
Debit: Cash at Bank ($42,000)
Credit: Bank Loan ($42,000)
15/3: The company recorded revenue of $6,750 received in cash and $4,200 on credit for the first half of the month.
Debit: Cash at Bank ($6,750)
Debit: Accounts Receivable ($4,200)
Credit: Revenue ($11,950)
15/3: The company purchased a laptop computer for $3,000 and office furniture consisting of a desk and chair for $1,200. These purchases were paid using the business bank account.
Debit: Office Equipment and Furniture ($4,200)
Credit: Cash at Bank ($4,200)
15/3: The company purchased office supplies costing $1,050 on credit.
Debit: Office Supplies ($1,050)
Credit: Accounts Payable ($1,050)
15/3: The company hired a new landscape design assistant with an annual salary of $44,000. The wages are paid monthly at the end of each month.
Debit: Wages Expense ($3,667)
Credit: Cash at Bank ($3,667)
Note: The monthly wage expense is calculated as $44,000/12 = $3,667.
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hy do advertisements often use informal language?
A.
because advertising workers have little education
B.
to convince audience members to switch products
C.
to seem pleasant and friendly to the audience
D.
in case customers do not speak the language well
To seem pleasant and friendly to the audience advertisements often use informal language
To establish a more relatable tone: Advertisers can establish a more warm and welcoming tone by employing informal language. This can facilitate audience connection and increase the advertisement's relatability. To appeal to a younger audience: Younger individuals tend to use casual language more frequently, and many advertising are directed at this demographic. Advertisers can appeal to this generation by utilizing more casual language in their messaging. It is crucial to remember, though, that not all advertising utilize casual language. Instead, the language used in an advertisement will depend on the target audience, brand identity, and overall message that the advertiser is attempting to convey.
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Mark income today is m1 = 50 and tomorrow is m2 = 200. His utility function is U(c1,c2) = min{c1,c2}. Consumption goods cost $1 this today and tomorrow. Mark can borrow and save at the interest rate r = 100%. Find optimal consumption plan (c1;c2). Find the level of sav- ings/borrowing in equilibrium
the optimal consumption plan is to consume 25 units of the consumption good today and 20 units of the consumption good tomorrow.
why it is?
To find the optimal consumption plan, we need to use the Euler equation, which states that the marginal utility of consumption today (MU1) is equal to the discounted marginal utility of consumption tomorrow (MU2 / (1 + r)):
MU1 = (1 / c1) = (1 / (c2×(1 + r))) = MU2 / (1 + r)
Solving for c2 in terms of c1:
c2 = c1 / (1 + r)
Substituting the values given, we get:
50 / c1 = 200 / (c1 × (1 + 1))
Simplifying, we get:
c1 = 25
c2 = 20
Therefore, the optimal consumption plan is to consume 25 units of the consumption good today and 20 units of the consumption good tomorrow.
To find the level of savings/borrowing in equilibrium, we can use the budget constraint:
m1 + (m1 / (1 + r)) = c1 + c2 / (1 + r)
Substituting the values given, we get:
50 + (50 / (1 + 1)) = 25 + 20 / (1 + 1)
Simplifying, we get:
50 = 42.5
This is a contradiction, which means there is no equilibrium. Mark cannot consume 25 units of the consumption good today and 20 units of the consumption good tomorrow with an interest rate of 100%. This is because the interest rate is so high that it is not feasible for Mark to borrow enough to consume more today than tomorrow.
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Periodic inventory by three methods; cost of goods sold
The units of an item available for sale during the year were as follows:
Jan. 1 Inventory 50 units at $94
Mar. 10 Purchase 50 units at $104
Aug. 30 Purchase 30 units at $112
Dec. 12 Purchase 70 units at $116
There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used.
Cost of Ending Inventory and Cost of Goods Sold
Inventory Method Ending Inventory Cost of Goods Sold
FIFO $ $
LIFO
Weighted avg cost
Inventory Method Ending Inventory Cost of Goods Sold FIFO $9,280 $12,860, LIFO $8,320 $12,860, Weighted Avg Cost $8,552 $21,380.
How to calculate the cost of ending inventory?To calculate the cost of ending inventory and cost of goods sold using periodic inventory system under FIFO, LIFO and weighted average cost methods, we need to determine the cost of each unit of the item, which can be calculated as follows.
Jan. 1 Inventory: 50 units at $94 = $4,700
Mar. 10 Purchase: 50 units at $104 = $5,200
Aug. 30 Purchase: 30 units at $112 = $3,360
Dec. 12 Purchase: 70 units at $116 = $8,120
Total cost of units available for sale = $4,700 + $5,200 + $3,360 + $8,120 = $21,380
Total units available for sale = 50 + 50 + 30 + 70 = 200
Weighted average cost per unit = Total cost of units available for sale / Total units available for sale
= $21,380 / 200 = $106.90
Using the above information, we can calculate the cost of ending inventory and cost of goods sold using the following methods:
FIFO (First-In, First-Out) Method:
The assumption is that the first units purchased are the first ones sold, so the ending inventory consists of the most recently purchased units.
Ending Inventory: 80 units x $116 = $9,280
Cost of Goods Sold: (50 x $94) + (30 x $112) + (20 x $116) = $12,860
LIFO (Last-In, First-Out) Method:
The assumption is that the last units purchased are the first ones sold, so the ending inventory consists of the oldest units.
Ending Inventory: 80 units x $104 = $8,320
Cost of Goods Sold: (50 x $116) + (30 x $112) + (20 x $104) = $12,860
Weighted Average Cost Method:
The assumption is that the cost of each unit sold and in ending inventory is the weighted average cost of all units available for sale.
Ending Inventory: 80 units x $106.90 = $8,552
Cost of Goods Sold: 200 units x $106.90 = $21,380
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Why is it important to find the lowest interest rate you can when taking out a loan?
A.
A slightly lower rate could mean that you have more fees to repay over time.
B.
A slightly lower rate could mean that the government or bank gives you less time to repay.
C.
A slightly lower rate could mean that the government or bank gives you more time to repay.
D.
A slightly lower rate could mean that you pay back far less money over the life of the loan.
Option D. Finding the lowest interest rate when taking out a loan is important because it could mean that you pay back far less money over the life of the loan.
The interest rate is the cost of borrowing money and is typically expressed as a percentage of the loan amount. The lower the interest rate, the less you will pay in interest over time. This can result in significant savings, especially for larger loans or loans with longer repayment terms. For example, on a 30-year mortgage, a difference of just a few percentage points in the interest rate could result in tens of thousands of dollars in savings over the life of the loan. It is therefore crucial to shop around and compare rates from multiple lenders to find the best deal and minimize the amount of money you ultimately pay back.
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In the United States , the 401(k) plan or individual retirement account is a defined ____ plan.
Answer: “defined contribution plan"
Analyze the significance of these three matrices for Chipotle regarding their relevance for strategic planning. Include a description of the key information for each of the three matrices.
Discuss how the information from your analysis will influence your recommendations for strategy selection, planning, and implementation.
One common type of the matrix used in strategic planning is the SWOT analysis.
What is strategic planning?Strategic planning is a process of defining an organization's long-term goals and objectives, and then developing a plan of action to achieve them. It involves analyzing the current state of the organization, identifying strengths, weaknesses, opportunities, and threats, and setting priorities and objectives for the future. The process typically involves gathering input from stakeholders, conducting research and analysis, setting strategic objectives, developing action plans, and monitoring progress over time. The ultimate goal of strategic planning is to align an organization's resources, capabilities, and activities with its long-term goals and objectives. This helps to ensure that the organization is well-positioned to respond to changes in its environment and to achieve sustained success over time.
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Andy is the president of a neighborhood business association. He has been invited to the opening of a retail store but is unable to attend. Drag each part of his email decline the invitation to the correct section.
A sample showing how to decline of an invitation to the opening of a retail store is given below:
The way to reject the invitationAs the president of the neighborhood business association, it's important to maintain positive relationships with local retailers.
If you must reject an invitation to the opening of a retail store, be sure to express your gratitude for the invitation and congratulate them on their new venture.
Provide a polite explanation for your inabilities to attend, such as a scheduling conflict or prior commitment.
Offer to support the store in other ways, such as promoting their opening on social media or through the association's newsletter. Remember to keep the lines of communication open and maintain a professional demeanor.
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Summary of Strategic Management southern African concepts and case fourth edition, chapters 1 to 4
Answer:
Strategic Management Southern African Concepts and Case fourth edition provides readers with a comprehensive overview of the principles and practices of strategic management. The book is divided into four chapters that cover the essential topics in strategic management, including the nature of strategic management, strategic analysis, strategic choice, and strategy implementation.
Chapter one provides an overview of strategic management and discusses its importance in the contemporary business environment. The chapter also examines the evolution of strategic management, the various approaches to strategic management, and the role of strategic management in creating a sustainable competitive advantage.
Chapter two focuses on strategic analysis, which is a critical component of the strategic management process. The chapter discusses the importance of environmental analysis, industry analysis, and internal analysis in formulating a successful strategy.
Chapter three explores strategic choice, which involves selecting the most appropriate strategy for an organization based on the outcomes of the strategic analysis. The chapter examines the different levels of strategy, including corporate, business, and functional strategies.
Chapter four focuses on strategy implementation, which involves translating the chosen strategy into action. The chapter discusses the various components of strategy implementation, including organizational structure, leadership, culture, and control systems.
Throughout the book, the authors provide numerous case studies that illustrate the principles and practices of strategic management. The case studies are drawn from a range of industries, including manufacturing, telecommunications, banking, and healthcare, among others. The book also includes learning objectives, review questions, and a glossary of key terms, making it an invaluable resource for students, educators, and practitioners alike.
Explanation:
Sam Tuckerton sells for Fair Designs, Inc. He is on a 4.5% straight commission with a $1,800 drawing account. If he is paid the draw at the beginning of the month and then sells $125,000 during the month, how much commission is owed to Sam?
Sam has made more commission than the amount of the drawing account, as seen by the negative amount owed. As a result, he is owed $5,625—the total amount of his commission.
What does commission cost in dollars?A commission is the quantity paid to an employee for accomplishing a task, which is typically selling a specific volume of goods or services, according to the U.S. Department of Labor. In addition to or in substitute of a standard pay, commission may be paid.
What does business commission mean?A sales commission is a payment made to an employee after they successfully complete a task, typically selling a predetermined volume of goods or services. Sales commissions are a common incentive used by employers to boost employee productivity.
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Sanford bought two shirts for $24.95 each and a pair of pants for $39.95. He paid with a $100 bill. Assuming he paid no sales tax, how much did he receive?
Sanford spent $24.95 each on two shirts and $39.95 on a pair of slacks. He used a $100 bill as payment. Don't forget to convert percentages to decimals. $116 .
What does "percent" mean?If we need to calculate a percentage of a number, we should divide it by its entirety and then multiply it by 100. The proportion therefore refers to a component per hundred. Per 100 is what the word percent means. The letter "%" stands for it.
What do symbols mean?Symbols are used to communicate other thoughts and opinions and might take the shape of words, sounds, movements, ideas, or visual representations. A symbol can be almost anything, including an item, a mark, a image, a character, a word, or a location. Metaphor is a literary device.
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