if a brand creates a perception of greater value through effective marketing unnecessary .
Which four categories of customer value are there?
With their needs, wants, and financial resources, consumers expect goods and services with features that maximize their satisfaction and value. The four different categories of value are: psychological value, financial value, social value, and functional value.
What does "marketing strategy" mean?
A marketing strategy is a long-term plan for attaining a company's objectives through comprehending client needs and forging an identifiable and long-lasting competitive advantage. It includes everything, from defining who your target audience is to selecting the methods you will use to communicate with them.
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Using a Website created by the Sacramento Bee in 2008 that published the salaries of all California state employees, economists conducted research and found that
A) no employees seemed to be unsatisfied with their jobs or the salaries they were earning.
B) employees with above-median earnings were, surprisingly, the least satisfied with their jobs.
C) job satisfaction depends only on a person's salary.
D) knowing their co-workers' salaries affected employees' job satisfaction.
Option A is correct. This outcomes in low morale, excessive fees of body of workers turnover, subject hiring new talent, and litigation. Understandably, employees resent pay inequality, and extra and extra are disturbing action be taken to address the issue.
Pay equality troubles affect your workplace in more than one ways.
What is the study of salary satisfaction?According to Heneman and Schwab (1985), income pride is described as the degree to which personnel are relaxed with their modern salary. More specifically, personnel evaluate the efforts they make with the income they get and with others' profits and then decide how a lot efforts they will make at work.
Economic principle hence suggests that unions raise the wages of their individuals at the fee of decrease income and fewer jobs, that lower profits reason groups to invest less, and that unions have a smaller effect in competitive markets (where a union cannot achieve a monopoly).
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https://brainly.com/question/25890153#SPJ4_____ can be another term used for a goal.
A. task
B. vision
C. business plan
D. objective
E. norm
Objective can be another term used for a goal. Option D. is correct.
An objective is a desired result that a person or business wants to achieve. It is a statement that outlines what needs to be done in order to reach that desired result.
Objectives are generally specific, measurable, attainable, relevant, and time-bound. They are also used to measure the success of a business or individual.
Objectives can be used to set long-term and short-term goals and can be used to assess progress toward those goals. Objectives can also be used to motivate individuals and teams to work towards a common goal.
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Andrew is the manager of a pharma company considered to be a monopoly that faces a inverse demand curve described by P = 270 - 20Q. If costs are defied as C = 30Q + 5. Andrew's pharma firm's maximum profits are:a 751b 715c 580d 765
Profit for the corporation is thus P × Q = 174 × 4.8 = 765.
What does profit mean?A worthwhile reward: Gain is the difference between returns and expenses in a single or group of transactions. in particular: the difference between the sale value of items and their cost. 3. Usually, net income for a particular time period.
Are you earning a profit?Revenue refers to the total total of money received from sale of goods or services essential to a company's primary activities. The amount of money that is left over after deducting all costs, obligations, new sources of income, and operational costs is known as profit, that is also known as operating profit or perhaps the bottom line.
Since P = 270 - 20Q and C = 30Q + 5,
we obtain 270 - 20Q = 30Q + 5
when P = C.
240 = 50Q
Q = 4.8
P = 270 - 20(4.8)
P = 270 - 96
P = 174
P * Q at its highest = 174 * 4.8 = 765.
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Auppose that quiz scores in a beginning statistics class have a mean of 7.9 with a standard deviation of 0.5 . using chebyshev's theorem, state the range in which at least 75% of the data will reside. please do not round your answers.
At least 75% of the quiz scores in the beginning statistics class will fall within the range of 6.9 to 8.9.
Chebyshev's theorem states that for any data set, regardless of the shape of its distribution, at least (1 - 1/k^2) of the data will fall within k standard deviations of the mean.
In this case, we want to find the range that contains at least 75% of the data, so we need to solve for k in the inequality (1 - 1/k^2) ≥ 0.75.
Simplifying this inequality, we get k^2 ≥ 4, which means k ≥ 2 or k ≤ -2 (we can discard the negative solution as it is not relevant in this context).
So, at least 75% of the data will fall within 2 standard deviations of the mean. The range can be calculated as follows:
Lower bound: 7.9 - 2(0.5) = 6.9
Upper bound: 7.9 + 2(0.5) = 8.9
Therefore, we can say that at least 75% of the quiz scores in the beginning statistics class will fall within the range of 6.9 to 8.9.
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Which of the following account balances will typically be reduced as a result of adjusting entries?
-Unearned Revenue
-Supplies
-Prepaid Rent
Supplies, Deferred Revenue, and Prepaid Rent account balances will often be reduced as a result of revising entries.
At the conclusion of an accounting period, adjusting entries—also known as end-of-period adjustments—are journal entries that are made to the accounts in order to appropriately reflect the revenues and expenses of the subsequent period. The fourth step of the accounting cycle is the creation of adjusting entries, which happens after the creation of the unadjusted trial balance. At the conclusion of each accounting period, businesses that compile their financial statements in accordance with US-GAAP and IFRS typically create a few adjustment entries. Revenue is recognised in the period in which it is earned, and expenses are recognised in the period in which they are spent, according to the accrual model of accounting. Some commercial dealings have an impact on the earnings and costs of multiple accounting periods. For instance, a business that offers services to customers might pay some of its expenses in advance or get service fees from them for multiple periods. The income statement for the current accounting period cannot include all revenue received or all expenses paid in advance. They must be included in the pertinent income statements and assigned to the pertinent accounting periods.
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Brittany also wants to summarize and compare the performance of the swim teams by level. Switch to the Swim Levels PivotTable worksheet. Insert a PivotChart using the Stacked Column chart type and format it as follows: a. Resize and reposition the PivotChart so that the upper-left corner is located within cell E2 and the lower-right corner is located within cell L22. b. Add the chart title Wins by Level to the PivotChart using the Above Chart option. C. Filter the PivotChart so that only wins in Levels 4, 5, and 6 are displayed. C D 2020 Wins 2021 Wins 2022 Wins E AN 0 0 10 19 11 12 18 Ε 27 7 8 2 28 ო W დ 2 18 1 21 11 19 13 15 1 Row Labels 2 3 Level 1 3 Summer 4 Youth 5 Level 2 Adult 7 Summer 8 Youth 9 Level 3 10 Summer 11 Youth 12 Level 4 13 Summer 14 Youth 15 BLevel 5 16 Adult 17 Summer 18 Youth 19 BLevel 6 20 Adult 21 Youth 22 Grand Total 23 24 15 23 11 17 13 16 15 18 5 NU 10 2 7 5 19 3 21 18 17 20 19 23 24 217 22 186 185
As a volunteer with the Brevard County Swim Clubs in Melbourne, Florida, Brittany Lambert has offered to gather data on the swim club personnel and teams.
You should visit the worksheet for all employees. To determine an employee's possible pay rate depending on their years of experience, insert the formula below in cell E3: Use a structured reference to look up the value for the Years of Experience column. Get the value from the table's row 2 range P14:U15 using an absolute reference. Because the hourly pay rate is tier-based on the number of years of experience, find a position that is a reasonable fit.
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Note: The correct question would be as bellow,
Brittany also wants to summarize and compare the performance of the swim teams by level. Switch to the Swim Levels PivotTable worksheet. Insert a PivotChart using the Stacked Column chart type and format it as follows: a. Resize and reposition the PivotChart so that the upper-left corner is located within cell E2 and the lower-right corner is located within cell L22. b. Add the chart title Wins by Level to the PivotChart using the Above Chart option, c. Filter the PivotChart so that only wins in Levels 4, 5, and 6 are displayed.
g if a company chooses the option to report its bonds at fair value, then it reports changes in fair value in its income statement unless the changes are attributable to changes in credit risk.T/F
The statement if a company chooses the option to report its bonds at fair value, then it reports changes in fair value in its income statement unless the changes are attributable to changes in credit risk is false.
The projected amount at which a property is either bought or sold when the buyer and seller independently agree on a price is termed as fair value. An individual or group may look at real market activity for comparable assets, project the asset's predicted income, and determine the expense to replace the asset in to determine the true value of a good or large investment. Listing a stock on a publicly traded securities exchange is a popular methodology of figuring out a stock's fair value. Investor want, which defines the appropriate bid and ask prices, or sale price, as shares market, affects a lender's judgment for fair value.
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While the terms of the Regional Comprehensive Economic Partnership (RCEP) are still being negotiated, if the agreement achieves just a(n) __________ status, all barriers to the trade of goods and services among member countries will be removed.
A.) CUSTOMS UNION
B.) POLITICAL UNION
C.) FREE TRADE AREA
D.) COMMON MARKET
E.) ECONOMIC UNION
While the terms of the Regional Comprehensive Economic Partnership (RCEP) are still being negotiated, if the agreement achieves just a Free Trade Area (FTA) status, all barriers to the trade of goods and services among member countries will be removed.
What is free trade area?A Free Trade Area (FTA) is a type of trade agreement in which member countries agree to eliminate tariffs, quotas, and other trade barriers on goods and services traded among themselves, while each member maintains its own trade policies with respect to non-member countries. FTAs do not involve a common external tariff, a unified trade policy, or a common currency.
Customs Union, Common Market, Economic Union, and Political Union are all more advanced forms of economic integration that involve deeper levels of integration and policy coordination among member countries.
Therefore the correct option is C.
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question: bradford electric illuminating company is studying the relationship between kilowatt-hours (thousands) used and the number of rooms in a private single-family residence. a random sample of 10 homes yielded the data in the attached excel file. db week 6 data.xlsx use excel to answer the following questions: determine the correlation coefficient. interpret the correlation coefficient. determine the regression equation. determine the number of kilowatt-hours, in thousands, for a six-room house. using the 0.05 significance level, can we conclude that the slope of the regression line is different from zero (i.e. significant)? determine the standard error of estimate and the coefficient of determination. interpret the coefficient of determination. note: please attach the excel file of your work.
1. To determine the correlation coefficient, we can use the CORREL function in Excel. The correlation coefficient for the data in the attached Excel file is 0.8253.
What is correlation?Correlation is a statistical measure that shows the degree to which two or more variables are related. It is used to measure the strength of the relationship between two variables, or to determine if a relationship exists at all. Correlation can be either positive or negative, and is typically expressed as a numerical value between -1 and 1, where -1 indicates a perfect negative correlation, 0 indicates no correlation, and 1 indicates a perfect positive correlation.
2. The correlation coefficient of 0.8253 suggests that there is a strong positive linear relationship between the number of rooms and the kilowatt-hours used in a single-family residence. As the number of rooms increases, the kilowatt-hours used also increases.
3. The regression equation can be determined using the SLOPE and INTERCEPT functions in Excel. The regression equation is y = 0.7182x + 0.6944, where x is the number of rooms and y is the kilowatt-hours (in thousands).
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If I am given Cost of Goods Sold, Sales, Sales Discount, Salaries Expense and Tuition Revenue with a 12% Income Taxes what would the income statement look like. More particularly what part of the statement would the tuition revenue and taxes go?
Answer: Your welcome!
Explanation:
The income statement would include the following:
Revenues:
Sales
Tuition Revenue
Less: Sales Discounts
Gross Profit
Expenses:
Cost of Goods Sold
Salaries Expense
Income Tax Expense
Net Profit (Loss)
The tuition revenue would be reported under the Revenues section of the income statement and the 12% income tax expense would be reported under the Expenses section.
Buyers Chris and Jena Martin receive their inspection report and inform sellers Dan and Pam Blue that they want some repairs made. Which of the following is not an option available to the Blues?
The Blues can refuse to make any repairs.
The correct answer is Option- d, which states that the Blues have the option to refuse to make any repairs in the house.
This is because both the buyers and sellers can choose to waive the inspection contingency and negotiate the terms of the sale, including any required repairs. While many buyers are satisfied with their choice of home and sellers are willing to waive the inspection for the right offer, the sellers are not obligated to make any repairs once the inspection is completed.
The other statements are also discussed in the context, such as how the Blues can negotiate with the Martins to come to a compromise on the repairs or waive the inspection contingency and require the Martins to accept the home as-is. However, the main point is that the Blues do have the option to refuse to make any repairs, and this is the correct answer.
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The complete question is:
Buyers Chris and Jena Martin receive their inspection report and notify sellers Dan and Pam Blue that some repairs are required. Which of the following is not a possibility for the Blues?
They can reach an agreement with the Martins.
The Blues have the option to waive the inspection contingency.
They are capable of performing all of the requested repairs.
cost accounting focuses on all of the following except . multiple choice question. O relevance O comparability O managers O internal O users
Cost accounting focuses on the expenses involved with running your business.
What area of study does cost accounting cover?
The costs associated with operating your firm are the main focus of cost accounting. It is a typical method of accounting for organizations engaged in manufacturing since it enables them to separate costs for each product they create.
When applied properly, cost accounting can assist firms in finding places where they can make financial savings.
Is a cost accounting function *?
The management can oversee present operations and make future plans thanks to the thorough cost information provided by cost accounting. Information from cost accounting is frequently used in financial accounting, but its main purpose is to help managers make decisions.
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FILL IN THE BLANK. The _____ eliminates the statute of limitations for employees who file pay discrimination claims under the Equal Pay Act.
a. Taft-Hartley Act
b. Lilly Ledbetter Fair Pay Act
c. Clayton Antitrust Act
d. Railway Labor Act
Option (b), Employees who bring Equal Wage Act claims for pay discrimination are no longer subject to a statute of limitations under the Lilly Ledbetter Fair Pay Act.
The Lilly Ledbetter Fair Pay Act: What Is It?On January 29, 2009, President Barack Obama formally enacted the Lilly Ledbetter Fair Pay Act. The Act requires employers to make a greater effort to ensure that their pay practices are discrimination-free and that they preserve the papers necessary to prove the fairness of pay decisions.
What impact did society feel from the Lilly Ledbetter Act?The Lilly Ledbetter Fair Pay Act brought attention to the critical part that equal pay plays in supporting working families as well as our greater economy. It was a big step in the right direction in the effort to close the racial and gender wage inequities that unfairly hold women, especially women of color, behind in the workforce.
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While Peloton’s stationary bike and treadmill have been successful, companies need to continuously innovate to have long-term success (e.g., Apple didn’t just release the first iPhone and ride off into the sunset of permanent success). What types of innovations can Peloton pursue to ensure long-term revenue?
An increase in wages payable would be (added/subtracted) to (from) net income when preparing cash flows from operating activities, using the indirect method.
An increase in wages payable would be added to (from) net income when preparing cash flows from operating activities, using the indirect method.
Earnings are difficult to outline conceptually and the definition can be extraordinary for the duration of fields. for instance, a person's income in a financial experience may be unique from their income as described with the resource of the regulation.
A very essential definition of income is Haig–Simons earnings, which defines earnings as intake + trade-in internet truly worth and is widely applied in economics. For households and individuals within America, income is defined with the useful resource of tax law as a sum that consists of any earnings, earnings, profit, interest rate, rent, or some other shape of earnings acquired in a calendar year. Discretionary earnings are frequently described as gross profits minus taxes and special deductions (e.g., compulsory pension contributions), and are broadly used as a basis to take a look at the welfare of taxpayers.
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) Estrella is a relatively inexperienced chef. Whenever she needs something for her kitchen, she thinks of Batter Up Cooking Supply. Estrella knows their products are easy to use for someone who is not an expert. This scenario best describes a company with a strong ________.
value proposition
competitive advantage
positioning strategy
perceptual map
This situation best characterises a firm with a compelling value proposition since they are providing customers with products that are simple to use even for non-experts and that address a particular need or want.
This situation most accurately depicts a business with a compelling value offer. A value proposition is a claim that details the special benefit that a business provides to its clients. Because its goods are simple to use and appealing to new chefs like Estrella, Batter Up Cooking Supplies has a great value proposition in this instance. A competitive advantage, which is a company's distinct edge over rivals, is distinct from a value proposition. Also, it differs from positioning strategy, which is the manner in which a business markets its goods. On the other hand, a perceptual map is a visual tool that aids in determining where a company's products stand in the market based on consumer perceptions.
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SAT Scores. In May 2018, The College Board reported the following mean scores for two parts of the Scholastic Aptitude Test (SAT): Evidence-Based Reading and Writing: 533 Mathematics: 527 Assume that the population standard deviation on each part of the test is s = 100.
In May 2018, The College Board reported---------------.So we would need a sample size of at least 384 to get a 95% confidence interval for the mean Evidence-Based Reading and Writing score with a margin of error of 10.
What is sample size?Sample size refers to the number of individuals or observations included in a sample taken from a larger population. In statistical analysis, sample size plays a crucial role in determining the accuracy and reliability of the results obtained from the sample.
A larger sample size generally leads to more accurate estimates of population parameters, such as the mean or standard deviation.
In the above case, we need at least 384 sample size to get 95% confidence interval for the mean Evidence-Based Reading.
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which of the following is the correct statement regarding analytical procedures used in a review conducted at the conclusion of an audit?
In a review that follows an audit, analytical techniques can be utilised to assess the overall financial data and spot any odd patterns or changes. Consequently, the accurate statement about the analytical techniques
In order to evaluate the financial data given in the financial statements, analytical methods are a crucial component of the audit and review process. Comparing financial and non-financial data allows analysts to see any unexpected trends or associations that could point to fraud or mistakes.Various stages of the audit or review, such as the preparation, fieldwork, and conclusion, might involve analytical processes. The auditor or reviewer can carry out analytical operations using a variety of approaches, including trend analysis, ratio analysis, and variance analysis. These techniques can assist uncover possible problems that could need additional study since they are intended to give a high-level
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using the following diagram, identify and calculate total producer surplus if the price of oil is $50 per barrel.
In this diagram, the price of oil is $50 per barrel, and the quantity supplied is 8,000 barrels. We can calculate the total producer surplus by subtracting the total cost of production from the total revenue for all 8,000 barrels.
What is quantity?Quantity is a numerical measure of the size or amount of something. It can be used to refer to a specific amount of an item, or to the total amount of items that exist. In mathematics, quantity is a concept that describes a property of objects which can be quantified, such as mass, length, or time. Quantities can be measured and compared using different units, such as kilograms, meters, or seconds. Quantity can also refer to the amount of a certain item that is available, such as the quantity of food in a store or the number of people in a room.
Total Revenue = 8,000 x $50 = $400,000
Total Cost = 4,000 x $30 + 4,000 x $40 = $240,000
Therefore, Total Producer Surplus = $400,000 - $240,000 = $160,000
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which of the following sites in california are potential targets of a terrorist attack? disneyland the california aqueduct los angeles international airport all of the above
The sites in California that are potential targets of a terrorist attack are the international airports. The correct option is c.
What are the consequences of a terrorist attack?Terrorist attacks are attacks that are done by some group of people that destroy places and mankind.
Terrorist attacks are acts of violence or fatalities brought on by militant groups or terrorist organizations in an effort to sabotage national peace. It is among the most significant worldwide issues that require attention.
Therefore, the correct option is c, international airports.
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a cpa is required to confirm accounts receivable if its balances are material to financial statements subject to estimates older than prior years smaller than expected
If the accountant has followed auditing procedures to the extent that it allows him to report on the financial statements in accordance with AS 3101, The Auditor's Report on an Audit of Financial Statements, then the financial statements are audited.
Departures from Unqualified Opinions and Other, AS 3105, and When the Auditor Expresses a Unqualified Opinion. If the internal controls are sufficient and capable of offering a reasonable level of financial statements that sales, cash receipts, and other credits are properly recorded between the date of the confirmation and the end of the accounting period, it is acceptable to confirm accounts receivable prior to the balance sheet date.
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now suppose congress passes a new tax that decreases the income of new york city residents. if coffee is a normal good, this will cause the demand for coffee todecrease .
for each transaction, determine the amount of revenue or expense, if any, that is recorded under accrual-basis accounting and under cash-basis accounting in the current period.
The answer is, Accrual bases accounting is the accounting method demanded by the accounting standards. In it, revenue is recognized when it is earned and expenses when they are paid, rather than when the related cash flow takes place like in cash basis accounting.
How Do You Account?Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process.
What are the several types of accounting?It is the process of methodically documenting all of a business's financial transactions. It entails analyzing, compiling, and informing the tax authorities, agencies, and regulators of the financial transactions. A business's accounting is handled by an accountant.
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jonathan owns 100% of lemon company (a calendar year entity). in the current year, lemon recognizes a long-term capital gain of $70,000 and no other income (or loss). jonathan is in the 37% tax bracket (and 20% tax bracket for any net capital gains or dividends) and has no recognized capital gains (or losses) before considering his ownership interest in lemon company. what is the income tax result from the $70,000 if lemon is (a) an llc and (b) a c corporation? a. if lemon is an llc: assuming no election has been filed under the check-the-box regulations, the tax on the $70,000 long-term capital gain is $fill in the blank b. if lemon is a c corporation: the tax on the $70,000 long-term capital gain is $fill in the blank
The income tax result from the $70,000 long-term capital gain for Jonathan if Lemon is a C corporation is $25,760 ($14,700 + $11,060).
a. If Lemon is an LLC, assuming no election has been filed under the check-the-box regulations, the tax on the $70,000 long-term capital gain is calculated as follows:
Lemon's long-term capital gain: $70,000
Jonathan's share of long-term capital gain (100%): $70,000
Taxable long-term capital gain: $70,000
Since Jonathan is in the 37% tax bracket for ordinary income and the 20% tax bracket for long-term capital gains, the tax liability would be calculated as follows:
Tax on ordinary income portion (37%): $0
Tax on long-term capital gain portion (20%): $14,000
Therefore, the income tax result from the $70,000 long-term capital gain for Jonathan if Lemon is an LLC is $14,000.
b. If Lemon is a C corporation, the tax on the $70,000 long-term capital gain is calculated as follows:
Corporate long-term capital gain: $70,000
Corporate income tax rate: 21%
Corporate income tax liability: $14,700 ($70,000 x 21%)
If Lemon distributes the remaining after-tax income to Jonathan as a dividend, Jonathan will be subject to a 20% tax on the dividend income. The dividend income would be calculated as follows:
After-tax income available for distribution: $55,300 ($70,000 - $14,700)
Dividend income: $55,300
Tax on dividend income (20%): $11,060
Therefore, the income tax result from the $70,000 long-term capital gain for Jonathan if Lemon is a C corporation is $25,760 ($14,700 + $11,060).
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If the production technology of a good improves and at the same time the number of consumers willing and able to buy the good in the market increases, which of the following will definitely occur?
Equilibrium quantity will increase.
If the production technology of a good improves and at the same time the number of consumers willing and able to buy the good in the market increases then Equilibrium quantity will increase .
Option a is correct .
An increase in demand and a decrease in supply cause the equilibrium price to rise, but the effect on the equilibrium quantity cannot be determined. Consumers now value goods in any quantity, and producers must charge a higher price to supply goods; therefore the price goes up.
When production technology improves, supply increases and equilibrium: quantity increases and equilibrium price decreases. If TV sellers expect TV prices to fall in the future, we will likely see: an increase in the supply of TVs.
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The correct question is :
If the production technology of a good improves and at the same time the number of consumers willing and able to buy the good in the market increases, which of the following will definitely occur?
a. Equilibrium quantity will increase.
b. Equilibrium quantity will decrease
c. No effect
5. Prior to the CARES Act, up to what percentage of your income could be deducted as a donation to charity?
Answer: 60%
Explanation:
Prior to the CARES Act, individuals could generally deduct up to 60% of their adjusted gross income (AGI) as a donation to charity. This was known as the AGI limitation, and it was designed to ensure that taxpayers did not use charitable donations to excessively lower their taxable income.
Prior to the passage of the CARES Act, people could often donate up to 60% of their adjusted gross income (AGI) to charity. Hence option B is correct .
Prior to the CARES Act, up to what percentage of your income could be deducted as a donation to charity?The AGI threshold was put in place to prevent taxpayers from using charitable contributions to artificially reduce their taxable income.
Contributions can be sent in the form of a check, draught, or cash; however, sums of money given in cash that exceed Rs 10,000 are not tax deductible. The full amount of the donation or contribution is eligible for a tax refund.
Donations of more than Rs. 2,000 must be made in a method other than cash in order to qualify for deductions under Section 80G.
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Harvey quit his job at at a university where he earned 45,000 a year. He figures his entrepreneurial talent or foregone entrepreneurial income to be 5,000 a year. To start the business, he cashed in 100,000 in bonds that earned 10% interest annually to buy a company. In the first year, the firm sold 11,000 units of software at 75.00 for each unit. Of the 75.00 per unit, 55.00 goes for costs of production, packaging, marketing, employee wages and benefits, and rent on a building. 1) What were the total revenue of Harvey's firm in the first year? A) 50,000 B) 100,000 C) 605,000 D) 825,000 2)The explicit costs of Harvey's firm in first year? A) 150,000 B) 605,000 C) 655,000
D) 825,000 3) The implicit costs of Harvey's firm in the first year? A) 50,000 B) 60,000 C) 100,000 D) 150,000 4) The normal profits for Harvey in the first year? A) 5,000 B) 160,000 C) 220,000 D) 780,000 5) The economic profits of Harvey's firm in the first year? A)155,000 B) 160,000 C) 220,000 D) 280,000
The total revenue of Harvey's firm in the first year is $825,000. The explicit cost is $605,000. The implicit cost is $50000. The Foregone entrepreneurial income=$5,000. Total profit=$170000.
What is the explicit cost?Explicit costs are regular business expenses that are recorded in the general ledger of a firm and have a direct impact on its profitability. Explicit costs are regular business expenses that are identifiable and traceable in accounting; they are recorded in the general ledger.
Depreciation—is it an explicit or implicit cost?Depreciation is a legitimate cost. Depreciation indicates the continual deterioration of assets that must be divided over a number of years, despite the fact that it has the property of being incurred like an implicit cost. Depreciation is actually acknowledged as an explicit expense rather than an implicit cost.
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According to this text's authors, Hill and Schilling, which of these would be considered an important step in a formal strategic management process?
a. Building the company's organizational chart of strategic leaders
b. Research and development into the company's first prototype product
c. Market research surveys of customer attitudes toward the recent product launch
d. Defining the company's corporate mission and major corporate goals
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According to this text's authors, Hill and Schilling, which of these would be d. Defining the company's corporate mission and major corporate goals Hide Feedback.
According to Hill and Schilling, defining the company's corporate mission and major corporate goals is an important step in a formal strategic management process. This step helps to create an outline of the company's vision and objectives, which will in turn inform the rest of the strategic management process.
It is important to establish a clear mission and set of goals so that the company can make strategic decisions that are in line with its desired outcomes. Without a clear mission and set of goals, the company may end up making decisions that don't work towards the desired outcome.
Additionally, this step helps to provide a sense of direction and purpose to the company, which can help to motivate employees and stakeholders to work towards meeting the company's objectives.
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he following information is from the materials requisitions and time tickets for job 9 completed by great bay boats. materials requisitions are identified by code numbers starting with the letter m, and the time tickets start with t. estimated (applied) overhead for job 9 is $1,400. datedocumentamountjuly 1m-46$ 1,250july 1t-33600july 5m-471,000july 5t-34450july 10t-35300
We may breakdown the costs for Job 9 as follows: Material costs are $2,250; labor costs are $1,350; and overhead costs are $5,000.
What is a Material Requisition Form?An material requisition form outlines the things that must be taken out of stock and used in a certain job's worth of manufacturing or customer service. A buy request form serves as evidence that a department needed a given set of materials and placed an order for them.
What is the purpose of material requisition form?An official form known as a material requisition form enables employees to request the supplies they need to carry out their duties at work. Employees can use this form to request a variety of items depending on the situation and demand.
Materials Costs:
July 1: $1,250 (from materials requisition 46)
July 5: $1,000 (from materials requisition 47)
Total materials costs: $2,250
Labor Costs:
July 1: $600 (from time ticket 336)
July 5: $450 (from time ticket 344)
July 10: $300 (from time ticket 353)
Total labor costs: $1,350
Overhead Costs:
The estimated overhead cost for Job 9 is given as $1,400.
Therefore, the total cost for Job 9 is:
Total cost = materials costs + labor costs + overhead costs
Total cost = $2,250 + $1,350 + $1,400
Total cost = $5,000
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figure is attached
The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B Firm C 261,000 $ 312,000 Total assets, 12/31/19 Total liabilities, 12/31/19 123,000 48,000 Paid-in capital, 12/31/19 33,000 35,400 84,000 Retained earnings, 12/31/19 111,600 Net income for 2019 40,800 66,000 48,600 Dividends declared and paid during 2019 16,800 7,200 Retained earnings, 1/1/19 74,400 30,000
As a result, Company A is $269,400 in debt, Firm B is $103,800 in debt, and Firm C is $160,200 in debt.
What Exactly Is a Firm?A firm is a for-profit business entity that provides professional services. It can be a corporation, a limited liability company (LLC), or a partnership. The majority of firms only have one location. A "firm" is a business that sells, manufactures, or provides a paid service. Employees at the firm expected large bonuses.
What is the primary goal of a company?According to the conventional concept of the business, the primary purpose of a corporation is to maximise profits. Under the assumptions of given tastes and technology, the price and output of a certain product are selected under perfect competition with the only purpose of maximising profits. When a company registers, it becomes a separate legal entity with the right to file and defend lawsuits in its own name. Because a company is not a distinct legal entity, it cannot enter into agreements with third parties in its name.
Firm A:
Total liabilities, 12/31/19 = $123,000
Retained earnings, 1/1/19 = $74,400
Net income for 2019 = $40,800
Dividends announced and distributed in 2019 = $16,800
Retained earnings, 12/31/19 = $74,400 + $40,800 - $16,800 = $98,400
Total assets, 12/31/19 = Total liabilities, 12/31/19 + Paid-in capital, 12/31/19 + Retained earnings, 12/31/19 = $123,000 + $48,000 + $98,400 = $269,400
Firm B:
Total assets, 12/31/19 = $312,000
Total liabilities, 12/31/19 = $35,400 + $84,000 = $119,400
Retained earnings, 1/1/19 = $30,000
Net income for 2019 = $66,000
Dividends announced and distributed in 2019 = $7,200
Retained earnings, 12/31/19 = $30,000 + $66,000 - $7,200 = $88,800
Paid-in capital, 12/31/19 = Total assets, 12/31/19 - Total liabilities, 12/31/19 - Retained earnings, 12/31/19 = $312,000 - $119,400 - $88,800 = $103,800
Firm C:
Paid-in capital, 12/31/19 = $84,000
Retained earnings, 1/1/19 = $111,600
Net income for 2019 = $48,600
Dividends declared and paid during 2019 = $0
Retained earnings, 12/31/19 = $111,600 + $48,600 - $0 = $160,200
Total assets, 12/31/19 = Total liabilities, 12/31/19 + Paid-in capital, 12/31/19 + Retained earnings, 12/31/19 = Unknown, as we do not have the total liabilities for Firm C.
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