Answer:
D) $50
Explanation:
When stock price = 50
Profit on shares = (Stock price - Purchase price) * Number of shares = (50 - 40) * 100 = 1000
Profit on call option = Number of options * (stock price - exercise price - premium paid) = 1000 * (50 - 45 - 4) = 1000
Hence when stock price = 50, both the options would yield the same profit but the call option strategy would have an upper hand in profitability for every price increase above the $50 level because then the share buying strategy would yield $100 profit for every $1 price increase whereas the option buying strategy would yield $1000 profit for the same level of price increase.
Hence for the second option to yield higher profit, the stock price should be above 50.
The ___________ ____ __________ Endorsement area includes a variety of specialization areas within the world of work such as Agriculture, Food and Natural Resources; Architecture and Construction; Arts A/V Technology and Communications; Business Management and Administration; Marketing, Sales and Service; Finance, Hospitality and Tourism; Information Technology; Manufacturing and Transportation and Distribution.
a. Science, Technology, Engineering,m & Mathematics
b. Business & Industry
c. Arts & Humanities
d. Public Services
Answer:
b. Business & Industry
Explanation:
STEM (or Science, Technology, Engineering & Mathematics) includes different types of engineering, computer science, mathematics, and other fields.
Arts and humanities include archaeology, history, literature, philosophy, etc.
Public services include journalism, education, healthcare, teaching, etc.
The following income statement data for A T&T Inc. and Verizon Communications Inc. were taken from their recent annual reports (in millions):
_____________________________ T&T _______________ Verizon
Revenues ............................ $132,447 ..................... $127,079
Cost of services (expense) ......... (60,611) ...................... (49,931)
Selling and marketing expense .... (39,697) ...................... (41,016)
Depreciation and other expenses ... (20,393) ...................... (16,533)
Operating income ................... $ 11,746 ...................... $ 19,599
a. Prepare a vertical analysis of the income statement for AT&T. (Round to one decimal place.)
b. Prepare a vertical analysis of the income statement for Verizon. (Round to one decimal place.)
c. Based on Requirements A and B, how does AT&T compare to Verizon?
Answer:
a. See the explanation below.
b. See the explanation below.
c. we have:
1. AT&T's Cost of services (expense) is 6.47% greater than Verizon's.
2. AT&T's Selling and marketing expenses is 2.30% less than Verizon's.
3. AT&T's Depreciation and other expenses is 2.39% greater than Verizon's.
4. AT&T's Operating income is 6.55% less than Verizon's.
Explanation:
The income statement vertical analysis is done by dividing each of the line item in the income statement by the revenue and then multiply by 100. That is:
Income statement vertical analysis formula = (Line item / Revenue) * 100 ...... (1)
Using equation (1), we can now proceed as follows:
a. Prepare a vertical analysis of the income statement for AT&T. (Round to one decimal place.)
This can be presented as follows:
AT&T
Vertical Analysis of the Income Statement
Particulars $'Million (%)
Revenues 132,447 100.00
Cost of services (expense) (60,611) 45.76
Selling and marketing expense (39,697) 29.97
Depreciation and other expenses (20,393) 15.40
Operating income 11,746 8.87
b. Prepare a vertical analysis of the income statement for Verizon. (Round to one decimal place.)
This can be presented as follows:
Verizon
Vertical Analysis of the Income Statement
Particulars $'Million (%)
Revenues 127,079 100.00
Cost of services (expense) (49,931) 39.29
Selling and marketing expense (41,016) 32.28
Depreciation and other expenses (16,533) 13.10
Operating income 19,599 15.42
c. Based on Requirements A and B, how does AT&T compare to Verizon?
This can be done as follows:
AT&T and Verizon
Comparison of the Vertical Analysis of the Income Statement
Particulars AT&T (%) Verizon (%) Diff. (%)
Revenues 100.00 100.00 0.00
Cost of services (expense) 45.76 39.39 6.47
Selling and marketing expenses 29.97 32.28 (2.30)
Depreciation and other expenses 15.40 13.10 2.39
Operating income 8.87 15.42 (6.55)
Note that Diff (%) is AT&T (%) minus Verizon (%)
From the above, we have:
1. AT&T's Cost of services (expense) is 6.47% greater than Verizon's.
2. AT&T's Selling and marketing expenses is 2.30% less than Verizon's.
3. AT&T's Depreciation and other expenses is 2.39% greater than Verizon's.
4. AT&T's Operating income is 6.55% less than Verizon's.
The Green Machine Manufacturing Company has the option to make or buy a component part for one of its lawnmowers. The annual requirement is 15,000 units. A supplier is able to supply the parts for $17.25 per piece. Green Machine estimates that it will cost $2,100 to prepare the contract with the supplier. To make the parts in-house, Green Machine must invest $100,000 in capital equipment. They estimate it will cost $11.00 per piece to produce the part in-house.
1) What is the breakeven quantity?
A) Less than or equal to 30,000
B) Greater than 30,000 but less than or equal to 35,000
C) Greater than 35000 but less than or equal to 40,000
D) Greater than 40,000 but less than or equal to 45,000
E) Greater than 45,000
2) What is the total cost at the breakeven point?
A) Less than or equal to $365,000
B) Greater than $365,000 but less than or equal to $370,000
C) Greater than $370,000 but less than or equal to $375,000
D) Greater than $375,000
3) If the demand is 25,000 units, should Green Machine make or buy the part?
A) Buy the part
B) Make the part
C) Both
D) Neither
E) Not enough information
4) What is the cost savings from making the correct decision?
A) Less than or equal to $20,000
B) Greater than $20,000 but less than or equal to $25,000
C) Greater than $25,000 but less than or equal to $30,000
D) Greater than $30,000 but less than or equal to $35,000
E) Greater than $35,000
Answer:
A) Less than or equal to 30,000
A) Less than or equal to $365,000
B) Make the part
E) Greater than $35,000
Explanation:
Capital equipment cost = $100000
Annual requirement = 15000
Supply cost per piece = $17.25
In-house production cost per piece = $11
Contract preparation cost = $2100
If quantity at beatk even = x
In-house production = purchase cost
100000 + 11x = 2100 + 17.25x
100000 - 2100 = 17.25x - 11x
97900 = 6.25x
x = break-even quantity = 15664
Cost at breakeven:
100000 + 11(15664)
= 272,304
If demand = 25000 units:
In-house production :
100000 + 11(25000) = 375000
Purchase cost:
2100 + 17.25(25000)
2100 + 431250 = $433,350
The correct decision is to make the part, it is cheaper
Amount saved:
$433,350 - $375,000 = $58,350
On an automotive assembly line, Naif Marrot checks to make sure that recently painted car bodies are free of paint bubbles. Other people are assigned the task of seeing that other parts of the car are built to specifications. The task of building an automobile has been subdivided into a series of subtasks. The concepts of _____
have been employed in this situation.
(A) decentralization and unity of command
(B) product design and structured manufacturing
(C) functionalism and specialization
(D) centralization and product departmentalization
(E) specialization and division of labor
A major argument of the podcast is that corporations have the power to change their employee's behaviors and even how they see the world, and that's how they can achieve social change- at a grassroots level. How does this relate to your own understanding of business ethics, and do you think it makes sense to look at corporate's capacity for global change at this level? Why or why not?
The correct answer to this open question is the following.
This can relate to my own understanding of business ethics in that corporations do really have a certain influence on employee's behaviors, but up to the point of reference or comparison. Employees have their own belief systems inherited by parents, family, and primary groups of reference.
It could make sense to look at corporate's capacity for global change at this level if the leaders are truly committed to sharing positive values that not only impact the workplace but can be extended to all areas of life.
Indeed, the workplace is where most people spend most of the time during the week. So it would be good that corporate leaders could create the kind of corporate culture in which employees feel comfortable, listened to, and appreciated.
If this is the case, corporations really can have a certain influence on employee's behaviors. Unfortunately, in most corporations, employees can see their leaders setting the example. On the contrary, these leaders are the ones that first break the rules and behave in different or questionable ways.
Which of the following statements are true?
a. Markets by definition involve the exchange of money for goods and services.
b. Markets are forums in which parties exchange goods and services at a "price," where the latter can be flexibly construed.
c. Your current economics course, the next election, and the dating scene can all be seen as markets.
Answer:
C
Explanation:
A market is a place where goods and services can be exchanged at a predetermined price. A market does not have to be a physical location. With the advent of technology, a market can exist virtually. Money can be used in the exchange of goods or services or goods can be used for the exchange. In the case where goods are used in the exchange, it is known as trade by barter
When comparing two companies, we notice that they are very similar in setup (e.g., same costs, same profit margins, same inventory turnovers etc.). However, the time it takes company A to pay for raw materials is longer than it takes company B, while the time it takes customers of company A to pay for the finished goods is shorter than it takes company B's customers. Which of these companies has a shorter cash flow cycle?
a. Company B
b. They are both the same
c. Company A
d. Could be either, depending on the days in inventory
Answer:
The correct answer is the option D: Could be either, depending on the days in inventory.
Explanation:
To begin with, the term known as "Cash Flow Cycle" in the world of business refers specifically to the movement of cash inside the organization regarding the whole process of producing them and selling them to the target audience. It will obviously start with the purchase of the raw materials and everything needed for production and it will end with the complete sale of the final product.
Secondly, in this case the cash flow cycle will depend on the days that the products remain in inventory due to the fact that they both are even when it comes to the purchase and selling processes.
2. Marginal analysis is sometimes called "thinking on the
Answer:
fly.
Explanation:
Thinking on the fly is the act of analyzing something quickly and sometimes without all the facts.
The Fisher equation tells us that the real interest rate approximately equals the nominal rate minus the inflation rate. Suppose the inflation rate increases from 3% to 5%. Does the Fisher equation imply that this increase will result in a fall in the real rate of interest
The Fisher equation does not imply that the increase in inflation will result in a fall in the real rate of interest.
The Fisher equation states the nominal interest rate in the sum of inflation rate and the real interest rate
(1 + nominal interest rate) = (1 + real interest rate) x (1 + inflation rate)
Based on the above equation, an increase in inflation rate would lead to a rise in the nominal interest rate. The real interest rate is taken as given in the equation and it is not affected by changes in inflation rate. If inflation rate increases from 3% to 5%, the nominal rate of interest would increase by about 2%.
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Consider the following process that makes customized suits. When an order is placed, measurement is taken, which takes 30 minutes to complete. After taking the measurement, materials are prepared and cut, and this takes one hour. Once the materials are prepared and cut, the materials are sewed. Sewing takes 2.5 hours on average per order. The process operates for 10 hours a day. The following picture summarizes the process.
1. What is the capacity of the process in [suits/day]?
2. Assume that the demand for the customized suit is 0.2[suits/hour]. What should the flow rate of the process be in [suits/day]?
3. Assume that the demand for the customized suit is 0.5[suits/hour]. What is the implied utilization (in %) of the Sewing stage?
4. Assume that the demand for the customized suit is 0.5[suits/hour]. What is the utilization (in %) of the Measuring stage?
Answer:
1. The capacity of the process
= 2.5 suits /day
2. The flow rate of the process = 2.5 suits/10 hours
= 0.25 suits per hour
3. The implied utilization of the Sewing stage = (0.5 * 150 minutes * 4) 300 minutes = 5/10
= 50%
4. The utilization of the Measuring stage = (0.5 * 30 minutes * 4) 60 minutes = 1/10
= 10%
Explanation:
a) Data and Calculations:
Time taken for the measurement of a suit = 30 minutes
Time for preparation and cutting of materials = 60 minutes (1 hour)
Time for sewing = 150 minutes (2.5 hours or 2 hours, 30 minutes)
Total time taken to make a suit = 4 hours
Available production time per day = 600 minutes (6 hours)
Therefore, 6/4 suits can be produced per day, this equals 2.5 suits.
As soon as products are completed, their product costs are transferred from Raw Materials Inventory to Finished-Goods Inventory. True False
Answer:
True
Explanation:
In the case when the products is completed in all respects so here the product cost that involved direct material cost, direct labor cost, and overhead cost from raw material inventory would be transformed to the finished goods inventory
Therefore the given statement is true
hence, the correct option is first
Cool Beans is a locally owned coffeeshop that competes with two large coffee chains, PlanetEuro and Frothies. Alicia, the owner, is considering two different marketing promotions and thinks that CLV analysis will help her decide the best course of action. An average specialty coffee drink sells for $3.40 and has a margin of 65%. One promotion is providing loyalty cards to her regular customers that would give them one free specialty coffee drink after 10 regular purchases. Alicia estimates that this will increase the frequency of their purchases by 13%. Currently, her customers average buying 2 specialty drinks per week. The second promotion is targeted at new customers. She would offer a free specialty drink to incoming college freshmen by providing a coupon with their orientation packages. Because of her location near the college, she expects that 550 students will come to Cool Beans for a free trial. Of those, she anticipates that 18% will become regular customers who will purchase at least one specialty drink each week. The cost of printing and distributing the coupons is $115.
What is the CLV of a customer over the time horizon of one year prior to introduction of the loyalty program?
Answer:
Cool Beans
The CLV of a customer over the time horizon of one year prior to the introduction of the loyalty program is:
= $353.60
Explanation:
a) Data and Calculations:
Price of average specialty coffee drink = $3.40
Profit Margin = 65%
Profit Margin = $2.21 ($3.40 * 65%) per drink
Average drinks per customer per week = 2
Total drinks in a year = 104 (2 * 52)
Profit Margin in a year = $229.84 ($2.21 * 104)
Therefore, the Customer Lifetime Value = Gross Revenue
= $3.40 * 2 * 52 = $353.60
b) The Customer Lifetime Value (CLV) is the average purchase value multiplied by the average purchase frequency rate. In this customer's case, the CLV is calculated for only one year and not actually for a lifetime.
Marigold Company discovered the following errors made in January 2022.
1. A payment of Salaries and Wages Expense of $900 was debited to Equipment and credited to Cash, both for $900.
2. A collection of $6,500 from a client on account was debited to Cash $650 and credited to Service Revenue $650.
3. The purchase of equipment on account for $510 was debited to Equipment $150 and credited to Accounts Payable $150.
A. Correct the errors by reversing the incorrect entry and preparing the correct entry.
B. Correct the errors without reversing the incorrect entry.
Account Titles Debit Credit
1. Salaries And Wages Expense 700
Equipment 700
2. Cash 1000
Service Revenue 100
Accounts Receivable 100
3. Equipment 335
Accounts Payable 335
Answer:
A. Reversals entry
1. Dr Cash 900
Cr Equipment 900
Correct entry
Dr Wages and salaries 900
Cr Cash 900
B.
2. Dr Cash 5850
Dr Service revenue 650
Cr Account payable $6,500
3. Dr Accounts payable 360
Cr Equipment 360
Explanation:
A. To Correct the errors by reversing the incorrect entry and Preparation of the correct entry.
Reversals entry
1. Dr Cash 900
Cr Equipment 900
Correct entry
Dr Wages and salaries 900
Cr Cash 900
B. To Correct the errors without reversing the incorrect entry
2. Dr Cash 5850
($6500-650)
Dr Service revenue 650
Cr Account payable $6,500
3. Dr Accounts payable 360
(510-150)
Cr Equipment 360
2. Meatball Corporation, a merchandising company, reported the following results for June. Number of units sold 6,700 Selling price per unit $600 Unit cost of goods sold $419 Variable selling expense per unit $62 Variable administrative expense per unit $30 Total fixed selling expense $126,200 Total fixed administrative expense $208,100 *Cost of goods sold is a variable cost in this company. 1) Prepare a traditional income statement for June.
Answer:
See below
Explanation:
Preparation of traditional income statement
Sales $600 × 6,700. $40,20,000
Less variable cost
Brooke has a sign company. She creates colorful signs for birthday parties that can be placed outside of the front door to announce a birthday or welcome birthday party guests. She only advertises on social media. Customers go to her website and place an order, and Brooke delivers a hand-painted sign. Brooke uses social media for all of the following reasons EXCEPT _______.
a. she can respond to requests for birthday events in real time.
b. she can use local network television affiliates to push her message out to a mass audience.
c. she can establish meaningful connections with customers and get references
d. she can engage customers in their products and services
She can make use of the local networks and the TV. Hence answer B is correct.
What does Brooke company creates ?Brooker company creates colorful signs for birthdays and parties. These can be replaced outside the front doors and to announce the birthday party welcome for the guests. She is advertising the presence in social media and the people can visit her website and directly place an order.
As Brooker has a sign company she can easily make use of the time and make birthday decorations for friends and family.
They could easily get access to the website and place orders for the appropriate products and thereby get them delivered within no time. She can thus make use of social media, tv, and even the locality.
Find out more information about the Brooker sign company.
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All financial statements:_________
a) help to evaluate what happened in the past.
b) provide a picture of the company at a moment in time.
c) describe changes that took place over a period of time.
d) contain the most up to date information about the company.
Answer:
a) help to evaluate what happened in the past.
Explanation:
The financial statement interprets the financial performance, profitability, position of the company. It involves the income statement, balance sheet, cash flow statement, etc through which the business could be analyzed in a better way
Also it helps to analyze and evaluate what is happened in the past
Therefore the option a is correct
The President is considering the following policies, each of which is aimed at reducing violent crime byreducing the use of guns. In your report, illustrate each of these proposed policies in a supply-and-demanddiagram of the gun market, and explain whether the policy will have the desired effect on the gun market.
1. a tax on gun buyers
2. a tax on gun sellers
3. a price floor on guns
4. a tax on ammunition
Answer:
Option 1
Explanation:
The best method to reduce the consumption of any goods or service is to increase the price of the product or services to such an extent that buyers themselves prefer not to buy such good or service.
Hence, the government must put tax on gun buyers. The more tax is implied, the more the demand for guns will reduce as the buyers will not prefer to buy.
Hence, option 1 is correct
Toyna Recruitz is an organization that allows its employees to work from home. Most of the interaction between the employees and the organization takes place through email. Moreover, the organization is able to maintain increased employee performance and satisfaction. Identify the work option offered by Toyna Recruitz to its employees.
Answer:
I DONT KNOW
Explanation:
BRANLIEST PLEASE, THIS ANSWER WORKS
Choose the three primary ledgers used in double-entry bookkeeping?
Accounts payable ledger*
Accounts receivable ledger
Bookkeeping software
General ledger
The chart of accounts
Journals
Answer:
General ledger
The chart of accounts
Journals
Explanation:
The general ledger contains all the transactions carried out and registered by the company.
The chart of accounts is lists and codes all the accounts that are used by the by the company, e.g. cash might be account 101.
The journal entries are the individual entries recorded in the general ledger or any other specific ledger.
Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the total outstanding stock of 9,000 shares and is the managing executive in charge. On December 31, the following financial items for the entire year were determined: sales revenue, $166,000; salaries and wages expense, $97,000; interest expense, $6,300; advertising expenses, $9,025; and income tax expense, $18,500. Also during the year, the company declared and paid the owners dividends amounting to $12,000.
Required:
Prepare the company’s income statement.
Answer:
Net Income for the year is $23,175
Explanation:
The Company's income Statement is prepared below. In relation to the following please note that:
Total Revenue is considered Section A while Total Expense is Section B and the Net Income is the difference of the same (A - B).Income Statement on December 31st:
HOME REALTY, CORPORATION
Income statement
For period ended December 31st
Revenue $
Sales Revenue 166,000
Other Revenue -
Total Revenue (A) 166,000
Expenses: $
Salaries and Wages Expense 97,000
Interest Expense 6,300
Advertising Expenses 9,025
Income Tax Expense 18,500
Dividends 12,000
Total Expenses (B) 142,825
Net Income (A-B) $23,175
The___ shows your company's equity.
A.) Invoice
B.) Profit & loss statement
C.) income statement
D.) Balance Sheet
Answer:
D
Explanation:
You are correct it is balance sheet :)
Answer:
D. Balance Sheet
Explanation:
Which of these are functions of an entrepreneur?
providing loans to small and large businesses
providing services to the society without any goals to earn profits
offering value to consumers through products and services
contributing to the government’s revenue in the form of taxes
Answer:
offering value to consumers through products and services
Explanation:
Entrepreneurs provide goods and services
Help please! Business questions
Answer:
1. National FFA.
2. DECA.
3. BPA
4. FEA (Educators Rising).
Explanation:
A career and technical student organization (CTSO) is an extracurricular group for students in CTE pathways to further their knowledge and skills by participating in activities, events, and competitions. The nine national CTSOs in the United States of America are;
National Future Farmers of America (National FFA). Distributive Education Clubs of America (DECA). Business Professionals of America (BPA). Health Occupations Students of America (HOSA) Family, Career, and Community Leaders of America (FCCLA). Future Business Leaders of America-Phi Beta LAMBDA (FBLA-PBLA). Technology Student Association (TSA). SkillsUSA. Future Educators of America (FEA).1. Marilyn is a middle-school student who wants to prepare for a career in farming: Therefore, Marilyn should join the National Future Farmers of America (FFA) organization.
2. Janice is a high-school student who wants to start her own business: she should join the Distributive Education Clubs of America (DECA) because they prepare students for business management and administration.
3. Abe is a high-school student who wants to become an information technology worker: Thus, Abe should join the Business Professionals of America (BPA) because they train students on citizenship and leadership in career clusters such as information technology.
4. Rene wants to teach middle-school classes: Therefore, Rene should join the Future Educators of America (FEA) because they prepare students who are interested in teaching.
Answer:
1) National FFA!
2) DECA!
3) BPA!
4) FEA!
Explanation:
Choose a company that is currently listed on the Australian Stock Exchange and whose conduct is being considered by the Royal Commission mentioned above. Discuss whether your chosen company adheres to the principles of good corporate governance. Give reasons for your answer, including examples of good or poor corporate governance exhibited by your chosen company.
Answer:
Rio Tinto is an Australian Company for metal and mining. The company founded in 1873 and it has headquarter in London and has a corporate office in Melbourne.
Explanation:
Corporate Governance is the standards for process and practices in the organization. The standards deal with the application of certain rules in the business scenarios. The application of corporate governance in the company is not only on management but it is also on employees. Rio Tinto adopts corporate governance practices in its organization and all the management follows the good corporate governance practices. The company has also listed its compliance statements on its website. The company abide by all the good corporate governance practices. The CEO and CFO of the company are two separate personnel which is good corporate governance practice. There is segregation of duties in company.
Can someone help me with this ?
Answer:
come over
Explanation:
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Your parents will retire in 14 years. They currently have $290,000, and they think they will need $1 million at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Do not round intermediate calculations. Round your answer to two decimal places.
Answer:
9.24%Explanation:
This problem is easily solved through a financial calculator.
Just plug into your calculator N=14 PV=290,000 FV= -1,000,000 i=??
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The May transactions of Hanschu Corporation were as follows.
May 4 Paid $600 due for supplies previously purchased on account.
7 Performed advisory services on account for $6,500.
8 Purchased supplies for $800 on account.
9 Purchased equipment for $1,000 in cash.
17 Paid employees $500 in cash.
22 Received bill for equipment repairs of $800.
29 Paid $1,100 for 12 months of insurance policy. Coverage begins June 1.
Required:
Journalize the transactions.
Answer and Explanation:
The journal entries are as follows:
On May 4
Account payable $600
To cash $600
(Being cash paid is recorded)
On May 7
Account receivable $6,500
To service revenue $6,500
(being service on account is recorded)
On May 8
Supplies $800
To Account payable $800
(being supplies purchased on account)
On May 9
Equipment $1,000
To cash $1,000
(being cash paid)
On May 17
Salary expense $500
To cash $500
(being cash paid)
On May 22
Repair expense $800
To Account payable $800
(Being received bill for repairing of an equipment is recorded)
On May 27
Prepaid rent $1,100
To cash $1,100
(Being cash paid is recorded)
Federal Semiconductors issued 11% bonds, dated January 1, with a face amount of $800 million on January 1, 2021. The bonds sold for $739,814,813 and mature on December 31, 2040 (20 years). For bonds of similar risk and maturity the market yield was 12%. Interest is paid semiannually on June 30 and December 31. Required: 1. to 3. Prepare the journal entries to record their issuance by Federal on January 1, 2021, interest on June 30, 2021 (at the effective rate) and interest on December 31, 2021 (at the effective rate). 4. At what amount will Federal report the bonds among its liabilities in the December 31, 2021, balance sheet
Answer:
calcule estúpido malparido
Countryside Corporation provides $6,000 worth of lawn care on account during the month. Experience suggests that about 2% of net credit sales will not be collected. In conformity with the expense recognition principle, the company should:
The company should record an estimate of Bad Debt Expense in the same period as the lawn care is provided
What is bad debt?Bad debts are debt which customers are unlikely to pay back. They are debts which are deemed to be irrecoverable.
Also, In line with the standard of the expense recognition principle, states that incomes are documented when earned and expenses are documented when consumed.
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A local manufacturing business has announced that it will be closing its factory in your area and opening a new factory outside of the US. In one or more fully formed paragraphs, weigh the advantages and disadvantages of this action to your community, the business, and/or the global economy. Identify at least three advantages and three disadvantages. Do you support this change
Answer:
The disadvantages are in the first paragraphs and the advantages are in the second paragraphs.
Explanation:
One the one hand, the fact that the company has decided to close the local factory and open another one abroad indicates a serious of factors to have in mind when it comes to the community and the local area. To start, the local area will be affected obviously by this decision by losing jobs and also by losing money that will not longer be injected in the economy. Moreover, the business itself will have to do it all over to find new employers and calculate every cost and every aspect of the new factory abroad. And finally, in terms of the global economy this decision will affect as well the interaction that the company will now have from outside when it comes to doing business with local companies.
On the other hand, the decision will also bring advantages. When it comes to the business, the most quickly thought is that they will be able to lower the cost of producing if the choose a good country. In the case of the global economy this will also improve the movement of money from one country to another and more important the rise of new jobs in another place abroad. And finally, for the local community the most quickly advantage could be the case of the reduction in the polution of the area regarding the fact that the company is no longer working there.