Paradise Marina received $127,000 in cash from its customers during the period. This is the amount that can be reported as cash inflow from operating activities in the cash flow statement.
To calculate the amount of cash receipts from customers, we need to find out how much of the sales were collected during the period.
First, we need to determine the change in accounts receivable during the period. The change in accounts receivable is the difference between the beginning accounts receivable and the ending accounts receivable. In this case, the change in accounts receivable is:
$18,000 (ending accounts receivable) - $15,000 (beginning accounts receivable) = $3,000
This means that Paradise Marina collected $3,000 less in accounts receivable than it made in sales. Therefore, we need to subtract the change in accounts receivable from the sales to find the amount of cash receipts from customers:
Cash receipts from customers = Sales - Change in accounts receivable
Cash receipts from customers = $130,000 - $3,000
Cash receipts from customers = $127,000
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Maura wants to visit family for the holidays, but Ruth wants to take a vacation. They decide to spend three days with family and three days on vacation. This decision is which form of conflict management
The decision to spend three days with family and three days on vacation is an example of compromise as a form of conflict management. Compromise involves both parties making concessions in order to reach a mutually acceptable agreement.
In this situation, Maura and Ruth had different preferences for how to spend their time during the holidays. Rather than continuing to argue or avoid the issue, they were able to find a solution that allowed them both to have some of what they wanted. Maura gets to spend some time with family, while Ruth gets to go on vacation. Compromise can be an effective form of conflict management because it allows both parties to feel heard and valued, while also finding a way to move forward. It requires both parties to be willing to listen to each other's needs and desires, and to be open to finding a solution that is not necessarily their first choice. Overall, the decision to split their time between family and vacation demonstrates a successful use of compromise as a form of conflict management.
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The Jones family has a disposable income of $60,000 annually. Currently, the Jones family spends 80% of new disposable income on consumption. Assume that their marginal propensity to consume is 0.8 and that their autonomous consumption spending is equal to $10,000. What is the amount of the Jones family's annual consumer spending
The Jones family has an annual disposable income of $60,000. Their marginal propensity to consume (MPC) is 0.8, which means they spend 80% of any additional disposable income on consumption. Their autonomous consumption spending, which occurs regardless of their income level, is $10,000. To calculate their annual consumer spending, we can use the following formula:
Consumer Spending = Autonomous Consumption + (MPC x Disposable Income)
By plugging in the values provided, we get:
Consumer Spending = $10,000 + (0.8 x $60,000)
Consumer Spending = $10,000 + ($48,000)
Consumer Spending = $58,000
Therefore, the Jones family's annual consumer spending is $58,000.
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The cost of equity capital in the form of new common stock will be higher than the cost of retained earnings because of Multiple Choice the existence of taxes. the existence of flotation costs. investors' unwillingness to purchase additional shares of common stock. the existence of financial leverage.
The correct answer is the existence of flotation costs. Flotation costs refer to the expenses incurred by a company when issuing new stocks or bonds in the market.
These costs include underwriting fees, legal fees, accounting fees, and other expenses that the company must pay to sell its securities. Since these costs reduce the net proceeds of the new stock issuance, the cost of equity capital for the company increases. In contrast, retained earnings are already available within the company, and no flotation costs are incurred to use them. Thus, the cost of equity capital through retained earnings is lower than that of issuing new common stock. Taxes and financial leverage also affect the cost of equity capital, but they are not the primary reasons for the cost difference between retained earnings and new common stock. Overall, companies need to consider the cost-benefit analysis of using either retained earnings or new common stock to finance their operations and growth, depending on their financial goals and market conditions.
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Classical economists believe that savings is __________, and Keynesian economists believe that savings is __________.
Classical economists believe that savings is a critical driver of economic growth and stability, while Keynesian economists believe that savings is potential source of economic instability during recessions.
They argue that when individuals and households save more, it increases the supply of loanable funds, which can then be invested in businesses, infrastructure projects, and other productive activities. This, in turn, leads to increased productivity, employment, and overall economic growth. On the other hand, Keynesian economists believe that savings can sometimes be detrimental to economic growth, particularly during times of economic downturns. They argue that during periods of economic recession, individuals and households tend to save more as they become uncertain about their future income and employment prospects.
However, if everyone saves more, it reduces aggregate demand, which can lead to further declines in economic activity and employment. To combat this, Keynesian economists advocate for government intervention to stimulate economic activity during recessions, such as increasing public spending or cutting taxes. By doing so, it can boost aggregate demand and encourage more investment and economic growth.
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Wayne Co. had a decrease in deferred tax liability of $25 million, a decrease in deferred tax assets of $15 million, and an increase in tax payable of $105 million. The company is subject to a tax rate of 25%. The total income tax expense for the year was:
The company is subject to a tax rate of 25%. The total income tax expense for Wayne Co. for the year is $2.5 million.
Based on the information provided, we can calculate the total income tax expense for Wayne Co. for the year. First, we need to determine the change in taxable income.
The decrease in deferred tax liability of $25 million and the decrease in deferred tax assets of $15 million both result in an increase in taxable income. This is because deferred tax liabilities and assets are recognized for tax purposes in a different period than for accounting purposes, resulting in a temporary difference that affects taxable income.
Therefore, the change in taxable income is:
$25 million (decrease in deferred tax liability) + $15 million (decrease in deferred tax assets) = $10 million increase in taxable income
Next, we need to calculate the income tax payable for the year. The increase in tax payable of $105 million represents the amount of tax that is owed to the government for the year.
To calculate the total income tax expense, we need to multiply the taxable income by the tax rate of 25%.
$10 million (change in taxable income) x 25% (tax rate) = $2.5 million
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Valuing assets at their fair value rather than at their cost is inconsistent with the Group of answer choices economic entity assumption. historical cost principle. periodicity assumption. full disclosure principle.
Valuing assets at their fair value rather than at their cost is inconsistent with the historical cost principle.
The historical cost principle requires that assets are recorded on the balance sheet at their original cost, which is the amount paid for them at the time of acquisition. This principle assumes that the cost of an asset is a reliable and objective measure of its value. On the other hand, fair value accounting requires that assets are reported at their current market value, which may be higher or lower than their original cost. This approach assumes that market value is a more relevant and reliable measure of an asset's value than its historical cost. The economic entity assumption, periodicity assumption, and full disclosure principle are not directly related to the choice between historical cost and fair value accounting. The economic entity assumption assumes that the business and its owners are separate entities, the periodicity assumption assumes that financial statements are prepared at regular intervals, and the full disclosure principle requires that companies provide all material information about their financial position and performance in their financial statements.
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Aggregate Supply ECO 221 1. For each of the following situations show the effects on Short-Run Aggregate Supply: a. A hot, dry summer results in a poor harvests throughout the Midwest. b. The government increases the subsidies paid to farmers affected by foreign tariffs. c. A sharp increase in the cost of oil is caused by unrest in the Middle East. d. Improved production techniques have increased labor and capital productivity.
Poor harvests and increased oil costs would likely decrease short-run aggregate supply, while government subsidies and improved production techniques would likely increase it.
a. A hot, dry summer resulting in a poor harvest throughout the Midwest would lead to a decrease in short-run aggregate supply. This is because the supply of agricultural products, such as corn and wheat, would decrease, which would result in a decrease in output and an increase in the cost of production.
b. The government increasing subsidies paid to farmers affected by foreign tariffs would have a positive effect on short-run aggregate supply. This is because the increase in subsidies would lead to an increase in production and output, resulting in a higher aggregate supply.
c. A sharp increase in the cost of oil caused by unrest in the Middle East would lead to a decrease in short-run aggregate supply. This is because the increase in oil prices would lead to an increase in production costs for many businesses, resulting in a decrease in output and a decrease in aggregate supply.
d. Improved production techniques that have increased labor and capital productivity would have a positive effect on short-run aggregate supply. This is because the increase in productivity would lead to an increase in output, resulting in a higher aggregate supply. Additionally, the increase in productivity would also lead to a decrease in production costs for businesses, which would further increase aggregate supply.
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Multiple Choice Question ABC, Inc.'s expected sales for the first six month of the year are: Month Expected Unit Sales January 12,000 February 15,000 March 16,000 April 20,000 May 22,000 June 25,000 If desired ending inventory is 25% of next month's sales, the number of units to be produced in March is ______. Multiple choice question. 16,000
If desired ending inventory is 25% of next month's sales, the number of units to be produced in March is D. 17,000.
The number of units to be produced in March for ABC, Inc. can be determined by considering the expected unit sales, desired ending inventory, and the beginning inventory for that month.
Since the desired ending inventory is 25% of next month's sales (April), we first need to calculate that value:
25% of 20,000 (April sales) = 0.25 * 20,000 = 5,000 units
Now, we need to find the beginning inventory for March. The ending inventory for February (which is also the beginning inventory for March) is calculated as:
25% of 16,000 (March sales) = 0.25 * 16,000 = 4,000 units
Finally, we can determine the number of units to be produced in March using the following formula:
Units to be produced = Expected unit sales + Desired ending inventory - Beginning inventory
For March, this will be:4
Units to be produced = 16,000 (March sales) + 5,000 (desired ending inventory) - 4,000 (beginning inventory) = 17,000 units
Therefore, the correct answer is D. 17,000 units should be produced in March.
The question was incomplete, Find the full content below:
Multiple Choice Question ABC, Inc.'s expected sales for the first six months of the year are: Month Expected Unit Sales January 12,000 February 15,000 March 16,000 April 20,000 May 22,000 June 25,000 If desired ending inventory is 25% of next month's sales, the number of units to be produced in March is ______.
A. 21,000
B. 16,000
C. 17,250
D. 17,000
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When common stock has no par or stated value and is issued for cash, ________ is debited and ________ is credited.
When common stock has no par or stated value and is issued for cash, the Cash account is debited and the Common Stock account is credited.
The value of common stock with no par or stated value is determined by the market forces of supply and demand. This means that the price of the stock is based on what investors are willing to pay for it. The value of the stock can fluctuate based on a variety of factors, such as company performance, economic conditions, and investor sentiment.
It's important to note that the lack of a par or stated value doesn't necessarily mean that the stock is worthless. In fact, many successful companies have issued common stock with no par or stated value. For investors, the value of the stock will depend on their assessment of the company's financial health, growth prospects, and overall market conditions. The value of the stock is determined by market forces and can fluctuate based on a variety of factors.
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Four Seasons Hotels sell private residences in several of their properties and send direct mail to prospective residents asking them to request additional information on the telephone or through a website. In terms of direct marketing, this is known as Multiple Choice lead generation. telemarketing. personal selling. paid search. direct orders.
Lead generation is the correct answer. The direct marketing strategy used by Four Seasons Hotels to sell private residences in several of their properties by sending direct mail to prospective residents.
Asking them to request additional information on the telephone or through a website is an example of lead generation. Lead generation is a marketing process of identifying and cultivating potential customers for a business's products or services.
Direct marketing involves identifying potential customers, generating interest in a product or service, and soliciting a direct response from the consumer. Four Seasons Hotels' direct mail campaign aims to generate leads for their private residences by prompting interested consumers to request more information. This approach allows the company to gather valuable data on potential buyers and follow up with targeted marketing efforts.
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Your Company's standards call for 1.5 hours per unit. The company planned to produce 500 units during May. However, 400 units were produced. The company worked 650 direct labor-hours. What are the standard hours (SQ) allowed for May production
To calculate the standard hours (SQ) allowed for May production, we need to first understand the concept of standard hours. Standard hours represent the time that is required to produce one unit of a product or service under normal operating conditions. It is calculated by multiplying the number of units planned for production with the time allowed per unit.
In this case, the company's standard time per unit is 1.5 hours, and the planned production for May was 500 units. However, only 400 units were produced, and the direct labor-hours worked were 650.
To calculate the standard hours allowed for May production, we can use the formula:
Standard hours (SQ) = Planned units x Standard time per unit
Standard hours (SQ) = 500 x 1.5 = 750 hours
However, since only 400 units were produced, we need to adjust the standard hours for the actual production:
Adjusted standard hours = Actual units produced x Standard time per unit
Adjusted standard hours = 400 x 1.5 = 600 hours
Therefore, the standard hours (SQ) allowed for May production is 600 hours.
In summary, the company's standard hours allowed for May production is 600 hours, which is calculated by adjusting the planned production for the actual production. This information is important for the company to evaluate its performance and identify areas where improvements can be made to achieve the desired level of efficiency.
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Cognitive dissonance tends to be experienced during ___________ stage of consumer purchase decision making process.
Cognitive dissonance tends to be experienced during the post-purchase evaluation stage of the consumer purchase decision-making process. This is when the consumer reflects on their purchase and may experience discomfort or uncertainty due to conflicting beliefs or attitudes about the product.
Cognitive dissonance is a psychological concept that refers to the feeling of discomfort or tension that occurs when a person holds two or more conflicting beliefs, attitudes, or values.
In the context of consumer behavior, cognitive dissonance tends to be experienced during the post-purchase evaluation stage of the consumer purchase decision-making process. This is the stage where the consumer evaluates the product or service they have purchased and compares it to their expectations and past experiences.Cognitive dissonance can occur if the consumer perceives a discrepancy between their expectations and the actual product or service they received. For example, if a consumer purchases a new smartphone and expects it to have a long battery life but finds that the battery drains quickly, they may experience cognitive dissonance. This is because their expectation of the product does not align with their actual experience, and they may feel uncertain or conflicted about their decision to purchase the product.During the post-purchase evaluation stage, consumers may also seek out information that confirms their decision to purchase the product or service, while ignoring or discounting information that contradicts their decision. This is known as confirmation bias and can exacerbate feelings of cognitive dissonance.Know more about the Cognitive dissonance
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In the context of corruption, the _____ standard was developed to prevent the shifting of corrupt practices to suppliers and intermediaries.
In the context of corruption, the "adequate procedures" standard was developed to prevent the shifting of corrupt practices to suppliers and intermediaries.
It aims to ensure transparency, accountability, and ethical business practices among all parties involved in a transaction.
This standard is a key component of anti-bribery laws such as the UK Bribery Act and requires organizations to implement effective measures to prevent bribery and corruption in their operations and supply chains.
By setting clear expectations and guidelines for ethical behavior, the adequate procedures standard helps to ensure that all parties involved in a transaction are held accountable for their actions and that corrupt practices are not allowed to flourish.
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A decrease in interest rates can ________ the demand for stocks as stocks become relatively ________ attractive investments as compared to bonds.
A decrease in interest rates can increase the demand for stocks as stocks become relatively more attractive investments compared to bonds.
When interest rates decrease, the potential return on bonds decreases as well. This makes stocks, which offer the potential for higher returns, more appealing to investors. As a result, investors may shift their investment preferences towards stocks, leading to an increase in the demand for stocks. Lower interest rates can make stocks comparatively more attractive due to the potential for higher yields and capital appreciation.
With lower interest rates, the cost of borrowing decreases, stimulating economic activity and potentially leading to higher corporate earnings. These factors can contribute to an increased demand for stocks as investors seek to capitalize on the potential for higher returns. However, it's important to note that various factors influence stock market dynamics, and the relationship between interest rates and stock demand can be complex and influenced by numerous other factors.
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Why is it advisable to only remove the amount of food you can prep in a short period of time from the cooler
It is advisable to only remove the amount of food you can prep in a short period of time from the cooler to avoid food safety issues.
When food is removed from the cooler, it begins to warm up, which can promote bacterial growth and increase the risk of foodborne illness.
By only removing the amount of food that can be prepped in a short period of time, you can minimize the amount of time that food spends in the temperature danger zone (between 41°F and 135°F). This reduces the risk of bacterial growth and helps ensure that the food remains safe to eat.
Additionally, it is important to properly label and date all prepped items and return them promptly to the cooler to maintain their safety and quality.
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Suppose pollution is initially unregulated. If the City Council imposes a tax of $91 per day on each ton of smoke emitted, then total emissions will fall to ______ tons of smoke per day.
The introduction of a pollution tax will generally lead to a decrease in the overall amount of pollution generated as businesses make changes to minimize their costs.
When pollution is initially unregulated, there is no financial incentive for businesses to limit their emissions. Introducing a tax, like the $91 per day proposed by the City Council, creates an economic disincentive to pollute, encouraging businesses to reduce their emissions in order to minimize their tax burden. The tax imposition will force businesses to consider the costs associated with their pollution and assess whether it is more cost-effective to invest in cleaner technologies, adopt more environmentally-friendly practices, or continue polluting and pay the tax. As a result of the $91 per day tax on each ton of smoke emitted, total emissions will fall to a lower level. The exact number of tons of smoke per day that emissions will decrease to depends on the responsiveness of businesses to the tax and the available alternatives for reducing emissions. Without specific information about the initial level of pollution, the number of businesses affected, or their responsiveness to the tax, it is not possible to determine the exact reduction in emissions.
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Emmy Lucent, Inc. has an expected dividend next year of $5.60 per share, a growth rate of dividends of 10 percent, and a required return of 20 percent. The value of a share of Emmy Lucent, Inc.'s common stock is ________.
Answer:
Value of Stock = Dividend next year / (Required return - Growth rate)
Value of Stock = $5.60 / (0.20 - 0.10) = $56
Therefore, the value of a share of Emmy Lucent, Inc.'s common stock is $56.
Bankruptcy should never be used as a strategy. can be an effective type of retrenchment strategy. should only be used for small, private firms. should only be used for large firms. should be used only when one is legally forced to do so.
Bankruptcy can be an effective retrenchment strategy for a struggling company, allowing it to restructure its operations, reduce costs, and eliminate unprofitable business segments.
It can also provide protection from creditors and legal action while the firm reorganizes. However, it should not be used as a strategic option in all situations, as it can have serious negative consequences such as job losses, reputational damage, and financial losses for shareholders.
Therefore, a firm should carefully evaluate the costs and benefits of bankruptcy and explore other options before deciding to file. It is important to note that bankruptcy is not limited to small or large firms and should not only be used when legally forced to do so.
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Assume that there is an initial increase in investment, leading to an increase in aggregate demand (AD). Additional increases in aggregate demand (AD) will
Additional increases in aggregate demand (AD) will lead to higher output levels and potentially inflationary pressures in the economy.
When investment increases, it leads to an increase in AD, which can cause businesses to produce more output to meet the higher demand.
However, if AD continues to increase beyond the economy's productive capacity, it can result in inflationary pressures such as rising prices, wages, and interest rates.
Therefore, policymakers must monitor AD levels to ensure that they are consistent with the economy's productive capacity to avoid inflationary pressures.
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For the year just ended, a firm had average accounts receivable of $90,000 and total credit sales of $1,447,192. Throughout the year, a factor purchased accounts receivable from the firm at a 1% discount. What was the firm's effective annual interest rate paid on its receivables financing
The firm's effective annual interest rate paid on its receivables financing is approximately 16.67%.
To determine the firm's effective annual interest rate paid on its receivables financing, we need to consider the average accounts receivable, total credit sales, and the 1% discount applied by the factor.
1. First, calculate the firm's daily sales. To do this, divide the total credit sales by the number of days in the year:
$1,447,192 / 365 = $3,966.56
2. Next, calculate the average collection period. This is the average number of days it takes for the firm to collect payment on its accounts receivable. To calculate this, divide the average accounts receivable by the daily sales:
$90,000 / $3,966.56 = 22.68 days
3. Now, calculate the total amount of accounts receivable sold to the factor by multiplying the average accounts receivable by the discount rate:
$90,000 * 0.01 = $900
4. Determine the effective interest rate per collection period by dividing the total amount of accounts receivable sold to the factor by the average accounts receivable:
$900 / $90,000 = 0.01 or 1%
5. Finally, calculate the effective annual interest rate. To do this, use the formula (1 + interest rate per period)^(number of periods) - 1:
(1 + 0.01)^(365/22.68) - 1 ≈ 0.1667 or 16.67%
So, the firm's effective annual interest rate is approximately 16.67%.
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Assume total costs are comprised of variable costs and fixed costs. If a firm's variable costs are $92, its fixed costs are $17, and its total revenue is equal to $108. What is the firm's total profit
Total profit = -$1
To calculate the firm's total profit, we need to subtract its total costs from its total revenue. Total costs are comprised of variable costs and fixed costs.
Variable costs are costs that vary with the level of production or sales, while fixed costs remain constant regardless of the level of production or sales.
Given that the firm's variable costs are $92, and its fixed costs are $17, we can calculate the firm's total costs as follows:
Total costs = Variable costs + Fixed costs
Total costs = $92 + $17
Total costs = $109
Now, we can calculate the firm's total profit by subtracting its total costs from its total revenue:
Total profit = Total revenue - Total costs
Total profit = $108 - $109
Total profit = -$1
The result shows that the firm is making a loss of $1. This means that the firm is not covering its total costs with its total revenue, and it needs to increase its revenue or reduce its costs to become profitable.
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Just five years ago, Joe's Bagel's revenues were $4 million. Today his company's revenues are $11 million. What annual rate have Joe's revenues been growing
The Joe's Bagel's revenues have been growing at a compound annual growth rate of approximately 93.8% over the past five years. This is a very high growth rate, indicating that the company has experienced rapid expansion and success during this period.
To calculate the annual growth rate of Joe's Bagel's revenues over the past five years, we can use the formula for compound annual growth rate (CAGR).
CAGR is a measure of the annual growth rate of an investment over a specified period of time, assuming that the growth rate is constant over that time period. The formula for CAGR is:
CAGR = (Ending Value / Beginning Value) ^ (1 / Number of Years) - 1
Using the information provided, we can calculate Joe's Bagel's CAGR as follows:
Beginning Value = $4 million
Ending Value = $11 million
Number of Years = 5CAGR = ($11 million / $4 million) ^ (1/5) - 1
CAGR = 1.938 - 1
CAGR = 0.938 or 93.8%.
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The most common method that banks and retail credit card issuers use to compute finance charges is the average daily balance (ADB) method. You expect to actively use your card. Which variation of the ADB method will be least expensive for you?
The most common method that banks and retail credit card issuers use to compute finance charges is the average daily balance (ADB) method. If you expect to actively use your card, the variation of the ADB method that will be least expensive for you is the "Adjusted Balance Method."
Following steps :
Step 1: Determine your beginning balance for the billing cycle.
Step 2: Subtract any payments or credits made during the billing cycle.
Step 3: Calculate the remaining balance, which is the adjusted balance.
Step 4: Multiply the adjusted balance by the daily periodic rate (DPR).
Step 5: Multiply the result by the number of days in the billing cycle.
The Adjusted Balance Method does not take into account any new purchases or transactions made during the billing cycle.
As a result, this method is generally considered the least expensive variation of the ADB method for those who actively use their credit cards.
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TurboTax wanted to appeal to women viewers to get a jump on their taxes. Besides targeting the content of the ad at women, they also aired the ad during The Ellen DeGeneres Show, which is broadcast daily at 4:30 p.m., or _____ time, a time when women are more likely to be watching
TurboTax's strategic decision to air their ad during The Ellen DeGeneres Show at 4:30 p.m. is based on research indicating that this is a time when women are more likely to be watching television.
Targeting Women Viewers with TurboTax:
TurboTax's decision to target female viewers for their tax services was a wise one, given that women are often the key decision-makers in families when it comes to financial management. TurboTax customised the content of their commercial to women viewers in order to properly attract this population.
Furthermore, the corporation selected to display the advertisement during The Ellen DeGeneres Show, which airs everyday at 4:30 p.m. As many women complete their workdays or take care of home obligations, this is a period when they are more likely to be watching television.
Conclusion:
Overall, TurboTax's approach to target female viewers through the content of their ad and strategic placement on The Ellen DeGeneres Show is a wise financial decision.
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A salesperson who is contacting possible buyers by mail or phone to assess their level of interest and financial capacity is in the ________ step of the selling process.
A salesperson who is contacting possible buyers by mail or phone to assess their level of interest and financial capacity is in the prospecting step of the selling process.
What is this step?This step involves identifying potential customers and gathering information about their needs and purchasing behaviors.
The goal of prospecting is to create a pool of qualified leads that have the potential to become customers. The salesperson must determine if the prospect is a good fit for the product or service being offered and if they have the financial means to make a purchase.
Once the prospecting step is complete, the salesperson can move on to the next step of the selling process, which is qualifying the lead.
Hence, the answer is prospecting step.
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Baker Mfg Inc. wishes to compare its inventory turnover to those of industry leaders, who have a turnover of about 13 times per year and 8% of their assets invested in inventory.
Net Revenue = $27,500
Cost of Sales = $20,310
Inventory = $1,220
Total assets = $16, 870
a. What is Baker's inventory turnover?
b. What is Baker's percent of assets committed to inventory?
c. How does Baker's performance compare to the industry leaders?
Baker's inventory turnover is 16.64 times per year, where percent of assets committed to inventory is 7.23%
Baker's inventory turnover can be calculated as follows:
Inventory turnover = Cost of Sales / Average Inventory
where Average Inventory = (Beginning Inventory + Ending Inventory) / 2
Beginning Inventory is not given, so we assume that it is equal to the Ending Inventory. Therefore, the Average Inventory can be calculated as:
Average Inventory = ($1,220 + $1,220) / 2 = $1,220
Inventory turnover = $20,310 / $1,220 = 16.64 times per year
b. Baker's percent of assets committed to inventory can be calculated as follows:
Percent of assets committed to inventory = (Inventory / Total assets) x 100
Percent of assets committed to inventory = ($1,220 / $16,870) x 100 = 7.23%
c. Baker's inventory turnover of 16.64 times per year is higher than the industry leaders' turnover of 13 times per year, indicating that Baker is more efficient in managing its inventory. However, Baker's percent of assets committed to inventory of 7.23% is lower than the industry leaders' 8%, indicating that Baker has a lower investment in inventory relative to its total assets compared to the industry leaders. Overall, Baker's performance is mixed when compared to the industry leaders.
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As a regional manager, Maria's performance is evaluated on the difference between her region's sales revenues and the cost of making the goods and services sold. Maria is being evaluated using a(n) _______ budget approach.
As a regional manager, Maria's performance is evaluated on the difference between her region's sales revenues and the cost of making the goods and services sold. Maria is being evaluated using "profit" budget approach.
The sales revenues refers to the income which is the business generates from the product or service sales.
Basically, the revenues are four types sales, rent revenue, dividend revenue and interest revenue.
The profit budget approach refers to increase profits by controlling the revenue and expenses of the company.
This approach considers the difference between the revenues and the costs that is associated with producing and selling product or services.
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Margaret is a close friend to Becky, a mother to Andrew, a Sister to Chad and an employer of Wal-Mart. All of these roles and the way she behaves in each is defined as a: A. Symbol B. Rule C. Script D. Repertoire
Margaret's roles and the way she behaves in each are defined as a Repertoire. Therefore, the correct option is D.
A repertoire refers to the range of roles, behaviors, and social positions an individual occupies and navigates in their social life. It is the range of roles and behaviors that is exhibited by people within a group, society, or community. In this case, Margaret's repertoire includes being a close friend to Becky, a mother to Andrew, a sister to Chad, and an employer of Wal-Mart. These different roles require her to engage in specific behaviors and interactions based on each social position.
Hence, the correct answer to the different roles and behavior exhibited by Margaret is option D: Repertoire.
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The __________ of an organization refers to the processes by which decisions are evaluated and made on the basis of right and wrong. Group of answer choices ethical climate span of control distribution policy legal responsibility strategic objective
The term that best fits the blank in the question is "ethical climate". The ethical climate of an organization is the prevailing moral atmosphere within it, which reflects the shared values, beliefs, and norms of its members. This climate shapes the way decisions are evaluated and made, and influences the behaviors and actions of individuals within the organization.
In an ethical climate, decisions are evaluated based on principles of right and wrong, rather than just on the basis of expediency or self-interest. Leaders and employees are expected to act with integrity, honesty, and transparency, and to consider the impacts of their decisions on stakeholders. The ethical climate also promotes open communication, collaboration, and respect for diversity. A strong ethical climate can help an organization to build trust, enhance its reputation, and attract and retain employees and customers. It can also foster a sense of purpose and meaning among employees, and contribute to their overall job satisfaction and well-being. Therefore, it is important for leaders to create and maintain an ethical climate within their organizations, and to ensure that decisions are made in accordance with ethical principles and values.
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Jatara, a human resource manager, wants to move her company towards blind hiring practices. Which suggestion might she make to the management team
Jatara can suggest removing identifying information such as names, addresses, and photos from resumes during the initial screening process to eliminate unconscious bias.
Blind hiring is a recruitment practice that focuses on eliminating biases that can arise from conscious or unconscious preferences in the hiring process.
By removing personal information such as names, addresses, and photos from resumes during the initial screening process, the hiring team can focus on the candidate's qualifications and skills rather than their personal background.
This approach can improve diversity and inclusion within the company, as it helps to reduce the impact of unconscious biases on the hiring process.
Jatara can also suggest using skills-based assessments and interviews to further minimize biases and ensure that the best candidates are selected based on their abilities and potential to contribute to the company's success.
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