Answer:
Classical; quickly; demand; seven years.
Explanation:
Economics can be classified into two (2) categories, namely;
1. Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.
2. Microeconomics can be defined as the study of the effect of price and quantity levels through interactions between individual buyers and sellers in various markets.
Hence, it is focuses on analyzing or evaluating the decisions of consumers (buyers) and those of firms (sellers) such as methods of production, pricing; and the manner in which government policies affect those decisions.
The Great Depression challenged the prevailing classical economic belief that the macroeconomy quickly returns to long-run equilibrium following a demand shock, since it wasn't until seven years after the Depression began that real GDP returned to pre-Depression levels.
John Maynard Keynes was an economist during the Great Depression which was a period of;
- High unemployment
- High deflation.
John Maynard Keynes who was born on the 5th of June 1883, was a British economist.
During the Great Depression, John Maynard Keynes promoted expansionary actions to encourage economic recovery.
We discussed that President Roosevelt shifted SRAS to the left when he cartelized industries and boosted prices, making the economic downturn really bad. While some of government spending went to social programs, a rather large amount of government activity involved creating inflation. There are other things he could have done to mitigate, rather than exacerbate, the problem. Which of the following would have instead brought the economy back to full employment? (Check all that apply.)
A. Increase business taxes.
B. Reduce business regulations.
C. Strengthen labor unions
D. Spend money only on social programs.
Answer:
One of the things President Roosevelt could have done to mitigate, rather than exacerbate inflation or economic downturn was:
B. Reduce business regulations.
Explanation:
During his tenure government obtained the legal backing to regulate businesses. We are aware of the detrimental effects of business regulations by government, which skyrocketed from 1936 at the height of the New Deal measures, thereby increasing the compliance burden on businesses. Some of the newest regulations include the Federal Trade Commission (FTC), the Fair Packaging and Labeling Act of 1966, Fair Labor Standards Act (FLSA), The Employee Retirement Income Security Act (ERISA), the Environmental Protection Agency (EPA), and several Privacy laws.
On January 1, 2019, Crane Company granted Sam Wine, an employee, an option to buy 1,000 shares of Crane Co. stock for $30 per share, the option exercisable for 5 years from date of grant. Using a fair value option pricing model, total compensation expense is determined to be $5880. Wine exercised his option on October 1, 2021 and sold his 1,000 shares on December 1, 2021. Quoted market prices of Crane Co. stock in 2021 were:
July 1 $30 per share
October 1 $36 per share
December 1 $40 per share
The service period is for three years beginning January 1, 2019. As a result of the option granted to Wine, using the fair value method, Ellison should recognize compensation expense on its books in the amount of:_______
a. $1,800.
b. $600.
c. $450.
d. $0.
Answer:
b. $600
Explanation:
Calculation for what Ellison should recognize
as compensationn expense on its books
Based on the information given if the total compensation expense was the amount of $1,800 in which The service period is for three years which begins from January 1, 2010 which means that the Compensation for 2010 will be calculated by Using this formula
Compensation for 2010= Total compensation / 3 years
Let plug in the formula
Compensation for 2010 = $1,800 / 3 years
Compensation for 2010 = $600
Therefore Ellison should recognize compensation expense on its books in the amount of $600
On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed.
Answer:
$15,950
$15,950
Explanation:
Here is the full question :
On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed. Compute the revised depreciation for both the second and third years.
The step to answering this question :
1. calculate the depreciation expense using the initial useful life
2. calculate the book value for year 2
3. calculate the depreciation expense for year 2 and 3 using the revised useful life and year 2 book value
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
1. ($65,800 - $2000) / 4 = $15,950
Book value = $65,800 - $15,950 = $49,850
($49,850 - $2000) / 3 = $15,950
The depreciation expense in year 2 and 3 would be $15,950
Outdoor Expo provides guided fishing tours. The company charges $200 per person but offers a 10% discount to parties of four or more. Consider the following transactions during the month of May.
May 2 Charlene books a fishing tour with Outdoor Expo for herself and four friends at the group discount price ($900 = $180 × 5). The tour is scheduled for May 7.
May 7 The fishing tour occurs. Outdoor Expo asks that payment be made within 30 days of the tour and offers a 5% discount for payment within 15 days.
May 9 Charlene is upset that no one caught a single fish and asks management for a discount. Outdoor Expo has a strict policy of no discounts related to number of fish caught.
May 15 Upon deeper investigation, management of Outdoor Expo discovers that Charlene’s tour was led by a new guide who did not take the group to some of the better fishing spots. In concession, management offers a sales allowance of 40% of the amount due.
May 20 Charlene pays for the tour after deducting the sales allowance.
Required:
a. Record the necessary transaction(s) for Outdoor Expo on each date.
b. Calculate net sales.
c. Show how Outdoor Expo would present net sales in its income statement.
Answer:
a. Recording of transactions:
May 7, Accounts Receivable (Dr.) $900
Sales Revenue (Cr.) $900
May 15, Customer service Expense (Dr.) $360
Sales Allowance (Cr.) $360
May 20, Cash (Dr.) $495
Cash Discount (Dr.) $45
Sales Allowance (Dr.) $360
Accounts receivable (Cr.) $900
Explanation:
b. Net Sales :
Total Quote ($180 * 5 ) = $900
Less : Cash Discount 5% = 45
Less : Sales Allowance 40% = 360
Net Sales = $495
c. Outdoor expo will record sales after deducting the cash discount. This discount is availed by customer as repayment is made within 15 days. The sales allowance is subtracted from the gross sales as the compensation is made from the outdoor expo due to mistake from their guide on tour. The net sales reported in Income statement will be $495.
Filter Systems produces air filters for domestic and foreign cars. One filter, part number JJ39877, is supplied on an exclusive contract basis to Oil Changers at a constant 200 units monthly. Filter Systems can produce this filter at a rate of 50 per hour. Setup time to change the settings on the equipment is 1.5 hours. Worker time (including overhead) is charged at the rate of $55 per hour, and plant idle time during setups is estimated to cost the firm $100 per hour in lost profit.
Filter Systems has established a 22 percent annual interest charge for determining holding cost. Each filter costs the company $2.50 to produce; they are sold for $5.50 each to Oil Changers. Assume 6-hour days, 20 working days per month, and 12 months per year for your calculations.
Required:
a. How many JJ39877 filters should Filter Systems produce in each production run of this particular part to minimize annual holding and setup costs?
b. Assuming that it produces the optimal number of filters in each run, what is the maximum level of on-hand inventory of these filters that the firm has at any point in time?
c. What percentage of the working time does the company produce these particular filters, assuming that the policy in part (a) is used?
Answer:
a. EOQ = 1449 units are the optimal number of units of Filters to be produced.
b. I = 1400.7 units is the maximum level of on hand inventory any time.
c. Portion of Uptime = 3.3%
Explanation:
Solution:
a.
First of we need to find out the total demand of the filters per year.
D = Demand
D = 200 x 12
Total Demand per year D = 2400 units per year.
Secondly, we need to calculate the production capacity by using the following formula:
PC = Rate of the Production x months in a year x working hours x working days.
PC = 50 x 12 x 6 x 20
PC = 7200 units is the production capacity for a year.
Thirdly, we need to calculate the holding cost by using the following formula:
Holding Cost = Annual interest rate x Production cost per unit.
HC = 0.22 x 2.50
HC = 0.55 is the holding cost
Now, we need to find the modified holding cost as well by using the following formula:
HC' = HC(1- [tex]\frac{D}{PC}[/tex])
Where,
D = Total Demand
PC = Production Capacity per year.
Just Plugging in the values, we get:
HC' = 0.55 x (1 - [tex]\frac{2400}{72000}[/tex] )
HC' = 0.5317 USD per unit.
Finally, for part a, we need to find the Economic Order Quantity, by using the formula:
EOQ = [tex]\sqrt{\frac{2 * D * OC}{HC'} }[/tex]
Where,
OC = Ordering Cost.
Just plugging in the values:
EOQ = [tex]\sqrt{\frac{2 * 2400 * [(100+55)]*1.5}{0.5317} }[/tex]
Hence,
EOQ = 1449 units are the optimal number of units of Filters to be produced.
b.
For this part, firstly, we need to find the inventory at any time:
I = EOQ x (1 - [tex]\frac{D}{PC}[/tex] )
We already know all the values, so just plug in the value into the above equation to calculate inventory at any time:
I = 1449 x ( 1 - [tex]\frac{2400}{72000}[/tex] )
I = 1400.7 units is the maximum level of on hand inventory any time.
c.
For this final part, first we need to find the cycle time as below:
CT = [tex]\frac{EOQ}{D}[/tex]
CT = 1449/2400
Hence, the cycle time is:
CT = 0.60375 per year.
Now, we need to find the uptime:
UT = [tex]\frac{EOQ}{PC}[/tex]
We already know the values, just plug them in:
UT = 1449/72000
UT = 0.0201 per year
Finally, with all the data collected, we can now calculate the portion of cycle time according to uptime in the production process as follows:
Portion of uptime = [tex]\frac{UT}{CT}[/tex]
Portion of Uptime = 0.0201/0.60375
Hence,
Portion of Uptime = 3.3%
Information regarding the potential for a job opening is a _____.
job board
job lead
job offer
job description
Answer:
Your answer is "Job lead"
Fogel Co. has $2,500,000 of 8% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value common stock. The bonds pay interest on January 31 and July 31. On July 31, 2010, the holders of $800,000 bonds exercised the conversion privilege. On that date the market price of the bonds was 105 and the market price of the common stock was $36. The total unamortized bond premium at the date of conversion was $175,000. Fogel should record, as a result of this conversion, aa. credit of $136,000 to Paid-in Capital in Excess of Par.b. credit of $120,000 to Paid-in Capital in Excess of Par.c. credit of $56,000 to Premium on Bonds Payable.d. loss of $8,000.
Answer:
a. credit of $136,000 to Paid-in Capital in Excess of Par
Explanation:
Based on the information given Fogel should record, as a result of this conversion, a CREDIT of the amount of $136,000 to Paid-in Capital in Excess of Par which is calculated as:
Paid-in Capital in Excess of Par=800,000 + ($175,000 × .32) – (800 × 30 × $30)
Paid-in Capital in Excess of Par= $136,000
Fogel should record the conversion as A. credit of $136,000 to Paid-in Capital in Excess of Par.
Based on the information that was given, the paid in capital in excess of par will be calculated thus:
= $800000 + ($175000 × 0.32) - (800 × 30 × 30)
= $136000
Therefore, from the calculation above, the recording will be a credit of $136,000 to Paid-in Capital in Excess of Par.
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Employment agencies are either ____ or ____.
professional
public
personal
private
Answer: public or private
Explanation:
Sarah has investments in four passive activity partnerships purchased several years ago. Last year the income and losses were as follows:
Activity Income (Loss)
A $30,000
B (30,000)
C (15,000)
D (5,000)
In the current year, she sold her interest in Activity D for a $10,000 gain. Activity D, which had been profitable until last year, had a current loss of $1,500. Answer the following questions to determine how the sale of Activity D affects Sarah's taxable income in the current year.
a. The amount of suspended losses carried forward to the year of the sale is: ______________.
b. What amount of the suspended losses is allocated to Activity D?
Answer:
Ist B
Explanation:
Ist b
Where is Shengyren based
Answer:
Explanation:
Somewhere
Money serves a good store of value unless an economy experiences a period of rapid inflation.
True
False
In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:
Net income for the year was $ 52,000
Accounts payable decreased by 18,000
Accounts receivable increased by 25,000
Inventories increased by 5,000
Depreciation expense was 30,000
Net cash provided by operating activities was
A. $34,000.
B. $60,000.
C. $70,000.
D. $80,000.
E. $52,000.
Answer:
A. $34,000.
Explanation:
We can determine the Net cash provided by operating activities by preparing the Cash flow from Operating Activities Section of the Cash flow Statement using the Indirect method as below
Cash flow from Operating Activities
Net income for the year 52,000
Adjustment for Non - Cash items :
Depreciation expense 30,000
Adjustment for Changes in Working Capital items :
Decrease in Accounts payable (18,000)
Increase in Accounts receivable (25,000)
Increase in Inventories (5,000)
Net cash provided by operating activities 34,000
Therefore,
Net cash provided by operating activities was A. $34,000.
Each of these items must be considered in preparing a statement of cash flows for Teal Mountain Company. for the year ended December 31, 2022. For each item, state how it should be shown in the statement of cash flows for 2022.
(a) Issued bonds for $300,000 cash. Choose the type of cash inflows and outflows
(b) Purchased equipment for $270,000 cash. Choose the type of cash inflows and outflows
(c) Sold land costing $30,000 for $30,000 cash. Choose the type of cash inflows and outflows
(d) Declared and paid a $75,000 cash dividend.
Answer:
a. Cash flow from Finance Activities - Cash Inflow $300,000.
b. Cash flow from Investment Activities - Cash Outflow $270,000.
c. Cash flow from Investment Activities - Cash Inflow $30,000.
d. Cash flow from Finance Activities - Cash Outflow $75,000.
Explanation:
The Statement of Cash flows shows 3 types of Cash flow headings which are :
Cash flow from Operating ActivitiesCash flow from Investment ActivitiesCash flow from Financing ActivitiesOperating Activities are Trading activities. Investing Activities involve buy and sell of assets or investment. Finance Activities involve sourcing of finance
Choose the sentence that is most clearly written by circling the letter of your choice.
a. With her bonus money, Mary decided to paint the kitchen, carpet the dining room,and to buy a new stereo.
b. With her bonus money, Mary decided to paint the kitchen, carpet the dining room, and buy a new stereo.
c. With her bonus money, Mary decided to paint the kitchen, put carpet in the dining room, and to buy a new stereo.
d. With her bonus money, Mary decided to paint the kitchen, carpeting the dining room, and buying a new stereo.
Answer:
c
Explanation:
choose c because the correct wording when writing, With her bonus money, Mary decided to paint the kitchen, put carpet in the dining room, and to buy a new stereo. this is the only sentence that uses the words put carpet in the dining room and that us grammatically correct.
The most clearly written sentence is With her bonus money, Mary decided to paint the kitchen, carpet the dining room, and buy a new stereo. Option B is the correct answer.
This sentence is concise and follows a parallel structure by using the verb "to" before each action (paint, carpet, buy). The sentence is clear and easy to understand, without any unnecessary words or repetitive phrases. Option B is the correct answer.
Sentence refers to the rules and structure that govern the formation and arrangement of words, phrases, and clauses within a sentence to convey meaning accurately. It ensures that a sentence is grammatically correct and easy to understand. A sentence typically consists of a subject (the person, thing, or idea the sentence is about) and a predicate (the part of the sentence that provides information about the subject, including the verb).
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Which of the following statements is correct?
A. All else the same, an investor will require less return to invest in a callable bond than one that is not callable.
B. All else the same, an investor will require more return to invest in a callable bond than one that is not callable.
C. The call feature does not impact the return that investors demand.
D. We would need to know the current level of interest rates to answer this question.
Answer:
B. All else the same, an investor will require more return to invest in a callable bond than one that is not callable.
Explanation:
A callable bond is a bond that is redeemable. Before this bond gets to when it is matured, it could be redeemed. Bonds of these nature can give better rates of interest or return or coupon rates based on the fact that they are callable.
the answer to this question therefore is that an investor is going to need more return to invest in this type of bond than one that is not callable.
Uing the direct method, and the information in the exhibits, prepare the financing activities section of the statement of cash flows for Alaskan Travels, Inc., as of December 31, Year 2. In the first column, from the option list provided, select the description for cash flows that are clearly from financing activities. In the second column, enter the amounts that will be reported in the financing activities section of the statement of cash flows. Indicate negative numbers by using a leading minus (-) sign.
Cash flows from financing activities: Net cash provided by (used in) financing activities:
1.
2.
3.
4.
5.
Total:
Answer:
1. Dividends Paid - $8,900
2. Short term borrowing $5,500
3. Interest Paid - $1,208
4. Increase in Share capital $10,000
5. Long term borrowings Repayment - $7,250
Explanation:
Cash flows statements are important for a business as this clears out company position in terms of cash. The cash inflows and outflows are reported in the statement. There are three different categories in which cash is reported, Operating activities, Investing Activities and Financing Activities.
Financing activities shows cash flows which are used to fund the business. This part of cash flow shows the net cash generated from different sources of finance.
Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.)
January 1 December 31
Inventories Raw materials inventory $7,300 $7,800
Work in process inventory 12,400 9,400
Finished goods inventory 10,200 6,300
Activity during current year
Materials purchased $127,000
Direct labor 94,800
Factory overhead 44,700
Answer:
$126,500
Explanation:
Computation of cost of direct materials used
Raw materials inventory Jan 1
$7,300
Add:
Materials purchased
$127,000
Raw materials available for production
$134,300
Less:
Raw materials inventory December, 31
($7,800)
Cost of direct materials used
$126,500
The following account appears in the ledger prior to recognizing the jobs completed in January:
Work in Process
Balance, January 1 $17,510
Direct materials 142,360
Direct labor 153,560
Factory overhead 80,720
Jobs finished during January are summarized as follows:
Job 210 $70,950
Job 224 $82,770
Job 216 43,360
Job 230 161,600
Required:
a. Journalize the entry to record the jobs completed.
b. Determine the cost of the unfinished jobs at January 31.
Answer:
Following are the solution to this question:
Explanation:
In point a:
Journal Entry :
Account Dr Cr.
Goods completed [tex]\$358,680[/tex]
Processing work [tex]\$358,680[/tex]
Complete total labour costs
[tex]= \$70,950 + \$82,770 + \$ 43,360 + \$ 161,600 \\\\ = \$ 358680[/tex]
In point b:
Uncompleted jobs cost:
[tex]\text{Balance, January 1} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$17,510\\\\\text{Direct materials} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$142,360\\\\ \text{Direct labor } \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$153,560\\\\\text{Factory overhead } \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$80,720\\\\\text{Cost of Finished Goods Transferred} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ (\$ 358680)\\\\\text{Cost of Unfinished Jobs on Aug 31} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$ 35470\\\\[/tex]
Forest Company, which uses a weighted-average process-costing system, had 7,000 units in production at the end of the current period that were 60% complete. Material A is introduced at the beginning of the process; material B is introduced at the end of the process; and conversion cost is introduced evenly throughout manufacturing. Equivalent-unit production costs follow.Material A: $12.50Material B: $2.00Conversion cost: $6.60The cost of the company's ending work-in-process inventory is:A. $88,620.B. $115,220.C. $123,620.D. $147,700.E. some other amount.
Answer:
B. $115,220
Explanation:
Material A introduced at the beginning of the process = $12.50
Conversion Cost = $6.6*60% = $3.96
Total = $12.5 + $3.96 = $16.46
WIP ending inventory = $16.64*7000 units
WIP ending inventory = $115,220
During 2017, Roblez Corporation had the following transactions and events.
1. Declared a cash dividend.
2. Issued par value common stock for cash at par value.
3. Completed a 2-for-1 stock split in which $10 par value stock was changed to $5 par value stock.
4. Declared a small stock dividend when the market price was higher than par value.
5. Made a prior period adjustment for overstatement of net income.
6. Issued the shares of common stock required by the stock dividend declaration in item no. 4 above.
7. Paid the cash dividend in item no. 1 above.
8. Issued par value common stock for cash above par value.
Required:
Indicate the effect(s) of each of the foregoing items on the subdivisions of stockholders’ equity.
Answer:
The effects of each of the items can be indicated as follows:
Paid in Capital
Item Capital Stock Additional Retained Earnings
1. No Effect No Effect Decrease
2. Increase No Effect No Effect
3. No Effect No Effect No Effect
4. Increase Increase Decrease
5. No Effect No Effect Decrease
6. No Effect No Effect No Effect
7. No Effect No Effect No Effect
8. Increase Increase No Effect
.
Explanation:
1. Declared a cash dividend.
This decreases cash and retained earnings but has no effect on common stock and additional paid in capital.
2. Issued par value common stock for cash at par value.
This increases cash and also increases common stock.
3. Completed a 2-for-1 stock split in which $10 par value stock was changed to $5 par value stock.
This does not affect any account but only increases the number of shares without any increase in the total common stock value.
4. Declared a small stock dividend when the market price was higher than par value.
This is a type of dividend that increases the common stock and additional paid in capital but decreases the retained earnings.
5. Made a prior period adjustment for overstatement of net income.
This reduces the net income and the retained earnings no effect on common stock and additional paid in capital.
6. Issued the shares of common stock required by the stock dividend declaration in item no. 4 above.
Since this is just to effect number 4 above, it has no further effect on any of the subdivisions of stockholders’ equity.
7. Paid the cash dividend in item no. 1 above.
Since this is just to effect number 1 above, it has no further effect on any of the subdivisions of stockholders’ equity.
8. Issued par value common stock for cash above par value.
This increases cash, common stock, and additional paid in capital. But this does affect retained earnings.
the summary of important trends in retailing are
Answer:
1 Investment in omni channel retail strategies
2 provide a personalized retail experience
3 Attend to the growing culture of immediacy
4 Expand into emerging markets and create a new channel
What is true about analyzing the budget?
Answer:
In business, budgets provide the organizing framework for financial planning and tools for controlling spending.
In large entities, the Budget Office Director and staff work with individual managers and others seeking funding approval. As a result, budget proposals conform to local policies. And, the entire proposal package aligns with group objectives.
Explanation:
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What is Growth-oriented definition of Economics? Explain the main virtues of this definition.
Growth Definition (1948) According to Prof. Paul A Samuelson “ Economics is the study of how men and society choose with or without the use of money, to employ the scarce productive resources which have alternative uses, to produce various commodities over time and distribute them for consumption now and in future.
Which statements describe junction tables? Check all that apply.
They create orphaned data in tables.
They link two tables into a new table.
They create a one-to-one relationship.
They exclude all nonkey fields in a table.
They contain the primary key fields of two tables.
They connect tables with many-to-many relationships.
Answer:
B E F
Explanation:
They link two tables into a new table.
They contain the primary key fields of two tables.
They connect tables with many-to-many relationships.
Thus options B, E, and F are correct.
What are junction tables?The referential integrity values of the two you really want to relate are contained in a junction table. Finally, you establish a connection between the junction table's relevant columns that each of those rows' primary key columns.
To create a new panel, they join two existing ones. They include the fields for two tables' primary keys. Tables with very many relations are connected by them.
When there is an item that can be replicated over numerous new entries, such a birthday or a period, the junction table should indeed be utilized to get your facts to the smallest value of normalization possible. Therefore, option B, E, and F is the correct option.
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2. Below are mixed SWOT factors of KFC case study. Fill the chart to Identify each SWOT factor. (2points each)
• With over 15,000 establishments in 120 countries, KFC is an internationally recognized venue.
• Increasing numbers of competitors.
• Serving high-fat foods; considering how health-conscious the public is these days, greasy chicken is not going to cut it anymore.
• KFC is in the prime spot to dive into the vegetarian market. Adding new vegetarian options will improve the relationship between KFC and health-conscious and vegetarian consumers.
• KFC became popular thanks to its good chicken.
• Raw material prices are rising.
• By maintaining the same price point with new menu options, KFC is positioned to enter a new market without sacrificing the beloved chicken-focused meals.
• KFC follows a franchise management system, meaning each one is individually managed. It is not uncommon for one KFC to have high reviews while another, just down the street, is collecting bad press.
• Alongside KFC, Taco Bell and Pizza Hut also share the same corporate owner brands. Brands have the influence, power, and resources to improve KFC as a restaurant.
• Introduce new products fish and deals menu that will attract more customers.
SWOT Analysis of KFC
Strengths
Weaknesses
Opportunities
Threats
Answer:
Strengths :
1. With over 15,000 establishments in 120 countries, KFC is an internationally recognized venue.
2. Alongside KFC, Taco Bell and Pizza Hut also share the same corporate owner brands. Brands have the influence, power, and resources to improve KFC as a restaurant.
3. KFC became popular thanks to its good chicken
Weaknesses :
1. Serving high-fat foods; considering how health-conscious the public is these days, greasy chicken is not going to cut it anymore.
2. KFC follows a franchise management system, meaning each one is individually managed. It is not uncommon for one KFC to have high reviews while another, just down the street, is collecting bad press.
Opportunities :
1. By maintaining the same price point with new menu options, KFC is positioned to enter a new market without sacrificing the beloved chicken-focused meals
2. KFC is in the prime spot to dive into the vegetarian market. Adding new vegetarian options will improve the relationship between KFC and health-conscious and vegetarian consumers
3. Introduce new products fish and deals menu that will attract more customers.
Threats :
1. Increasing numbers of competitors.
2. Raw material prices are rising.
provide one to two strategies you might incorrect to ensure effectiveness of persuasive message in business.
provide one to two strategies to help ensure the most polite professional and appropriate manner to deliver bad news in business.
Explanation:
Persuasive message:
A persuasive message in business has as its main objective to convince the public to act or do something, such as carrying out tasks, engaging in a project or closing sales. So two effective strategies could be:
speak or write about the advantages that the public will have in carrying out what is being asked for or sold. have good oratory and convincing skills when using mental triggers and persuasive techniquesDeliver bad news in business:
In order to deliver negative messages to an organization, the communication process must be carried out with great caution, since negative news are generally received with dissatisfaction by the public and if they are not passed on effectively they can cause conflicts and other problems in the organizational environment. Some strategies for delivering negative messages would therefore be:
Using an indirect approach to cushion bad news, this approach aims to not speak the news right at the beginning of the message, but to list the facts that have led to a negative situation, so there is a greater sense of understanding by the audience and cushioning the central news. Be as transparent as possible, recognizing the difficulties that the company will face at the moment but using positive elements in the message that reiterate the union and the overcoming of the whole company.If overhead applied is less than actual overhead incurred, it is:
Fully applied
Answer:
under applied overhead
Explanation:
In the case when the applied overhead i.e. computed by mutiplying the actual direct labor or actual machine hours with the predetermined overhead rate is lower than the actual overhead so this represent the under applied overhead
Hence, the given situation represent the under applied overhead
Question Help
The table gives information about a nations labor force.
What’s is the unemployment rate?
The employment rate is_____percent
What's is the unemplyment rate?
The unemployment rate soared from a 50-year low of 3.5 percent to 14.8 percent in April 2021 at the beginning of the CVID-19 pandemic, and then fell faster than many forecasters anticipated, to 6.3 percent in January 2021
The employment rate is_____percent
The employment-population ratio represents the proportion of the civilian non-institutional population that is employed. In 2021, the U.S. employment rate stood at 56.8 percent.
Turnbull Corporation is constructing an office building that it will use in its business. Construction of the building started in the current accounting period Turnbull paid its builder $250,000 toward construction of the building. During the period Turnbull had outstandingjilebt of $200,000 with an interest rate of 6% and pays interest at the end of the period. What amount of interest should Turnbull include in the cost of the building from the current period?
A. $0
B. $3,000
C. $12,000
D. $15,000
Answer: $12000
Explanation:
The amount of interest should Turnbull include in the cost of the building from the current period will be calculated as the outstanding debt multiplied by the interest rate. This will be:
= $200,000 × 6%
= $200,000 × 6/100
= $200,000 × 0.06
= $12,000
Therefore, the correct option is C.
Pasadena Candle Inc. budgeted production of 785,000 candles for January. Each candle requires molding. Assume that six minutes are required to mold each candle. If molding labor costs $18 per hour, determine the direct labor cost budget for January. Wax is required to produce a candle. Assume 487,125 pounds of material will be purchased during January. The candle wax costs $1.24 per pound. Prepare a cost of goods sold budget for Pasadena Candle Inc. using the information above. Assume the estimated inventories on January 1 for finished goods and work in process were $200,000 and $41,250, respectively and direct materials wax inventory of 16,000 pounds. Also assume the desired inventories on January 31 for finished goods and work in process were $120,000 and $28,500, respectively and direct materials wax inventory of 12,500 pounds. Factory overhead was budgeted at $300,000. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Answer:
$2,414,125
Explanation:
Preparation of a cost of goods sold budget for Pasadena Candle Inc
Pasadena Candle Inc. COST OF GOODS SOLD BUDGET For the Year Ending December 31
Finished goods inventory, January 1 $200,000
Work in process inventory, January 1 $41,250
DIRECT MATERIALS:
Direct materials inventory, January 1 $19,840
Direct materials purchases $60,4035
Cost of direct materials available for use $62,3875
Direct materials inventory, December 31 $15,500
Cost of direct materials placed in production $608,375
Direct labor $1,413,000
Factory overhead $300,000
TOTAL manufacturing costs $2,321,375
Total work in process during period $2,362,625
($41,250+$2,321,375)
Work in process inventory, December 31 $28,500
Cost of goods manufactured $2,334,125
($2,362,625-$28,500)
Cost of finished goods available for sale $2,534,125
($2,334,125+$200,000)
Finished goods inventory, December 31 $120,000
COST OF GOODS SOLD $2,414,125
($2534125-$120,000)
Therefore The cost of goods sold budget for Pasadena Candle Inc will be $2,414,125