Andreasen Corporation manufactures thermostats for office buildings. The following is the cost of each unit:
Materials $ 36.00
Labor 14.00
Variable overhead 4.00
Fixed overhead ($1,800,000 per year; 100,000 units per year) 18.00
Total $ 72.00
Simpson Company has approached Andreasen with an offer to buy 7,500 thermostats at a price of $60 each. The regular price is $100. Andreasen has the capacity to produce the 7,500 additional units without affecting its current production of 100,000 units. Simpson requires that each unit use its branding, which requires a more expensive label, resulting in an additional $2 per unit material cost. The labor cost of affixing the label will be the same as for the current models. The Simpson order will also require a one-time rental of packaging equipment for $20,000.
Required:
a. Prepare a schedule to show the impact of filling the Simpson order on Andreasen’s profits for the year. (Enter your answers in thousands (i.e., 5,400,000 should be entered as 5,400). Select option "higher" or "lower", keeping Status Quo as the base. Select "none" if there is no effect.)
Status quo 100,000 units Alternative 107,500 units Difference Higher or lower
Sales Revenue ? ? ? ?
Less: variable cost ? ? ? ?
Materials ? ? ? ?
Labor ? ? ? ?
Variable Overhead ? ? ? ?
Total variable cost ? ? ? ?
Contribution margin ? ? ? ?
Less; fixed costs ? ? ? ?
Operating profit or loss ? ? ? ?
b. Do you agree with the decision to accept the special order. Yes or no?
c. Considering only profit, determine the minimum quantity of thermostats in the special order that would make it profitable, assuming capacity is available.... Quanitity of Themostats #___?____ units
Answers
Answer:
Andreasen Corporation
Special Order by Simpson Company:
a. Status quo Alternative
100,000 units 107,500 units Total Difference
($'000) ($'000) ($'000) ($'000)
Sales Revenue $10,000 $450 $10,450 $450 Higher
Total Variable cost 5,400 420 5,820 420 Higher
Contribution $4,600 $30 $4,630 30 Higher
Fixed costs 1,800 20 1,820 20 Higher
Operating profit $2,800 $10 $2,810 10 Higher
b. No.
d. Contribution per unit = $4 ($30,000/7,500)
Fixed cost = $20,000
Fixed cost Plus Profit = $30,000
Minimum quantity to make it profitable = $30,000/$4 = 7,500 thermostats
However, this profit level is far below the normal production profit of 28% on sales revenue.
Explanation:
a) Data and Calculations:
Materials $ 36.00
Labor 14.00
Variable overhead 4.00
Total variable cost = $54
Fixed overhead ($1,800,000 per year; 100,000 units per year) 18.00
Total $ 72.00
Selling price = $100
Special order = 7,500 thermostats
Price of special order = $60
Relevant costs of special order:
Materials $ 36.00
Labor 14.00
Variable overhead 4.00
Additional material = $2
Unit variable cost = $56
Total variable cost = $420,000
Packaging equipment 20,000
Total relevant cost = $440,000
Sales Revenue = $450,000
Profit from special order = $10,000
Related Questions
What are the six levels of ethical decision making?
Answers
Answer:
Know the Facts. Before tackling an ethical issue, clearly define the nature of the challenge.
Identify the Required Information. You don't know what you don't know.
List the Concerns.
Develop Possible Resolutions.
Evaluate the Resolutions.
Recommend an Action.
The six levels of ethical decision-making include the following:
The knowledge levelThe identification levelEvaluation levelSelection levelAssessment levelAdaptation levelWhat is ethical decision-making?Ethical decision-making refers to a system of reaching decisions while considering the moral aspect of things. In the knowledge stage, the individual who wants to make an ethical decision acquaints him or herself with the laws guiding some acts.
ext, they identify the person with the moral issue and ways to handle them. The evaluation step follows for further insight. Selection, assessment, and adaptation of the result obtained will consequently follow.
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Ronald, Inc. had the following balances and transactions during 2017: What is the amount of the company's Merchandise Inventory, as disclosed in the December 31, 2017 balance sheet, using the periodic weighted-average inventory costing method
Answers
Answer: $707
Explanation:
Using the Periodic System means that inventory is updated per period. This means that using the Weighted Average method, Ending Inventory prices will be calculated on the basis of all inventory in the period.
Weighted Average Method aims to ascribe a single price to all the inventory units sold by a company and so divides the entire cost by the number of units.
Number of Units bought in 2017,
Opening Balance = 12 units
June 10 = 24 units.
= 12 + 24
= 36 units.
Cost of the the 36 units
= (12 * 91) + (24 * 87)
= $3,180
Weighted Average Cost,
= 3,180/36
= $88.33
During the year they sold 28 units (10 + 18) meaning that 8 units (36 - 28) were left.
The closing Inventory on the 12/31/2020 therefore is,
= 8 * 88.33
= $706.66
= $707
Suppose you are a human resource professional at a company setting up work
teams for production and sales. Explain at least four legal requirements which need
to be embedded in your pay structure to support this new work arrangement.
Answers
If I were a human resource professional at a company setting up work teams for production and sales, the four legal requirements that need to be embedded in my pay structure to support this new work arrangement are:
The nation's minimum yearly salary.State minimum wage is paid.Minimal wage for the employees.A flat wage for the position.What will the legal requirements be about?A group incentive plan is a form of compensation that bases pay on the collective performance of a team and emphasizes cost-cutting, productivity growth, and achieving organizational objectives.
I supposedly work in human resources for a company that organizes work teams for sales and production and I would suggest the below point to encourage this new work arrangement:
Teams that are unable to function independently are provided group incentive plans. They are only able to function in teams, and the job itself necessitates it.Learn more about human resource professional from
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1- your FICO credit score based on which of these (there can be more than one right than one right answer )
A) how much money you owe
B) whether you've plaid on time or late
C) how long new credit you have
E) whether you asked for new credit recently
2- Your FICO credit score calculated on which of these (there can be more than one right answer)
A) Payment History
B) amounts owed
C) length of credit history
D) New Credit
E) Credit Mix
3- How long does a bankruptcy stay on your credit?
4- What should you do if you find something incorrect on your credit report?
5- You are entitled to two free credit reports per year per bureau
true or false
6- If you find something in error on your report and you report it in writing to the bureau, what must they do?
7- What is a credit freeze?
8- Does your age factor into your credit score
yes or No
9- Does your marital status factor into your credit score
yes or No
10- what is a mix of Credit mean?
11- At what percentage of credit card usage, does it start affecting your score in a negative way?
Answers
Answer:
Ll
Explanation:
1- all
2-all
3- 7 year
4-
5-f
6- the credit bureau investment your claim
8- ifree way to limit who can see your credit report
The brand changes form part of a strategic plan the group conceived in September last year called Ekuseni (the Zulu word for “dawn”)”
“Pick n Pay and its new CEO are taking the fight to competitors in a strategy..”
“Pick n Pay yesterday launched a new strategic plan…”
Evaluate the proposed strategy that Pick n Pay is planning to implement, including in your evaluation, the potential risks attached to the proposed new strategy
Answers
Pick n Pay's proposed strategy, known as Ekuseni, aims to implement changes in their brand and take the fight to competitors. The strategy, conceived in September last year, focuses on strategic planning and was launched recently. While the strategy holds potential for success, there are risks associated with its implementation.
1. Pick n Pay's proposed strategy, called Ekuseni, includes changes to their brand and a competitive approach to rivals. This strategic plan was conceived in September last year, with the term Ekuseni referring to "dawn" in Zulu.
2. The strategy aims to revamp the brand image and position Pick n Pay as a strong competitor in the market. By taking the fight to competitors, the company intends to gain a competitive edge and attract more customers.
3. The launch of the new strategic plan indicates that Pick n Pay is committed to implementing this strategy and achieving its goals. It demonstrates the company's intention to adapt and stay relevant in the evolving market.
4. However, like any strategic plan, there are potential risks associated with its implementation. These risks include customer resistance to changes in the brand, increased competition from rivals, and potential financial strains due to the cost of rebranding and marketing efforts.
5. Customer resistance is a common risk when brands undergo significant changes. If the proposed strategy doesn't resonate with Pick n Pay's target market, it could lead to a decline in customer loyalty and affect sales.
6. Additionally, taking the fight to competitors may trigger retaliatory actions from rival companies. This could result in intensified competition, price wars, and potential market share loss for Pick n Pay.
7. Finally, implementing a new strategic plan involves financial investments. The cost of rebranding, marketing campaigns, and operational changes may strain the company's resources, potentially impacting its financial stability.
In conclusion, while Pick n Pay's proposed strategy holds promise for the company's growth and competitiveness, there are risks involved. Proper planning, market research, and effective execution will be crucial to mitigating these risks and ensuring the success of the strategy.
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THE FOLLOWING INFO IS AVAILABLE FOR BERLIN CORPORATION FOR THE YEAR ENDING 12/31/20. OTHER REVENUE/GAINS= 12700, OTHER EXPENSES/LOSSES=13300, COST OF GOODS SOLD= 156000SALES 592000, OPERATING EXPENSES= 186000, SALES RETURNS= 40000. PREPARE A STEP-BY-STEP INCOME STATEMENT. TAX RATE IS 30 PERCENT
Answers
Based on the information available for Berlin Corporation, the step - by - step income statement would be:
Berlin Corporation.
Income Statement
Sales Revenue $592,000
Less: Sales Return $40, 000
Net Sales $552, 000
Less : Cost of Goods sold ($156, 000)
Gross Profit $396, 000
Less Operating expenses: (186, 000)
Income from operations $210, 000
Other Revenue /Gains 12, 700
Other Expenses /Losses (13, 300) ( 600 )
Income before income taxes $209 ,400
Less: Income tax expense ($62, 820)
Net Income / (Loss) $146,580
What goes into an income statement?An income statement is the financial document that is used to find the amount of net income or loss that a company made in a certain period of time which is often a year or a quarter.
The main components of a net income statement are the revenue, the cost of goods sold, the gross profit, the operating expenses, and the net income.
To find the net income, subtract cost of goods sold and the operating expenses from the sales revenue.
In this case, you need to find the taxes to Berlin Corporation as well:
= Income before taxes x Income tax rate
= 209, 400 x 30%
= $62, 820
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How does the Internet change consumer and supplier relationships?please add references
Topic Can Uber Be the Uber of Everything ?
Answers
The internet has expanded the reach of suppliers, allowing them to access global markets and connect with consumers worldwide.
What is Consumer?
A consumer, in the context of economics and marketing, refers to an individual or entity that purchases goods or services for personal or business use. Consumers are the end-users or customers of products or services offered by businesses, and they play a crucial role in driving demand in the market.
Disintermediation: The internet has enabled direct communication and transaction between consumers and suppliers, bypassing traditional intermediaries.
Increased access to information: The internet has made information readily available to consumers, allowing them to research, compare, and make informed decisions about products and services.
Enhanced consumer empowerment: The internet has given consumers a platform to voice their opinions, provide feedback, and interact with suppliers directly.
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Sharpie Markers sells their markers directly to consumers for $2/marker.
Revenue: $500,000
Plastic: $200,000
Ink: $1,000
Advertising: $5,000
Overhead: $1,000
Depreciation: $25
Assume Sharpie wants to launch a “Holly Jolly” promotion, where they would discount their pens by 10%. How many more pens would they have to sell to justify this promotion from a contribution perspective?
A) 25.13% more pens
B) 20.08% more pens
C) None of the above, but I could find this answer with the info given
D) None of the above because I can't find the answer with the info given
Answers
The increase in pens that would be sold to justify this promotion from a contribution perspective is B. 20.08% more pens.
How to calculate the value?The revised contribution will be:
= 0.2 - 1.196 = 0.996
The amount sold to maintain contribution will be:
= 299000/0.996 = 300201
The increase in volume will be:
= 50201/250000 × 100
= 20.08%
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Which of following is a TRUE statement about inventory within a continuous review system?
a. When service level increases, Economic Order Quantity increases
b. When ordering or setup costs decrease, Economic Order Quantity increases
c. When ordering or setup costs increase, Economic Order Quantity increases
d. When holding costs increase, Economic Order Quantity increases
e. When demand decreases, Economic Order Quantity increases
Answers
Answer:
c. When ordering or setup costs increase, Economic Order Quantity increases
Explanation:
In inventory there are two types of review systems used to replenish stock, the periodic inventory and continuous inventory.
Continuous inventory involves ordering the same quantity of a good in each order. However the rate at which goods are replenished varies based on monitoring of level of goods. Orders are made when inventory gets to a certain level.
In this instance when there is an increase in ordering or setup there needs to be allocation of a higher amount for orders. The additional cost is added to the economic order quantity
Statement that can be considered as a true statement as regards inventory that exists in continuous review system is C:When ordering or setup costs increase, Economic Order Quantity increases.
Inventory can be regarded as goods as well as materials that is been held by business so that they can resale, or for production purposes.In a continuous review system, when setting up a increase in cost of goods, then the Economic quantity order will increase.
Therefore, option C is correct.
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You are given the following information for Lightning Power Company. Assume the company’s tax rate is 24 percent.
Debt: 9,000 5.8 percent coupon bonds outstanding, $1,000 par value, 24 years to maturity, selling for 106 percent of par; the bonds make semiannual payments.
Common stock: 420,000 shares outstanding, selling for $60 per share; beta is 1.11.
Preferred stock: 18,000 shares of 3.6 percent preferred stock outstanding, a $100 par value, selling for $81 per share.
Market: 5 percent market risk premium and 4.6 percent risk-free rate.
What is the company's WACC?
Answers
The Weighted Average Cost of Capital (WACC) for Lightning Power Company is 9.84%.
To calculate the Weighted Average Cost of Capital (WACC) for Lightning Power Company, we need to determine the cost of each component of its capital structure and their respective weights. The WACC is the weighted average of these costs.
Cost of Debt:
The debt component consists of 9,000 bonds with a 5.8 percent coupon rate, a $1,000 par value, and selling for 106 percent of par. The semiannual coupon payment is calculated as (5.8% * $1,000) / 2 = $29.
The current market price of the bond is 106% of $1,000, which is $1,060. The yield to maturity (YTM) can be calculated using financial calculators or Excel. Let's assume the YTM is 4.5%. Therefore, the cost of debt is 4.5%.
Cost of Common Stock:
The cost of common stock is determined using the Capital Asset Pricing Model (CAPM). The risk-free rate is given as 4.6%, and the market risk premium is 5%. The beta for Lightning Power Company's common stock is 1.11.
Using the CAPM formula: Cost of equity = Risk-free rate + Beta * Market risk premium. Therefore, the cost of equity is 4.6% + 1.11 * 5% = 9.71%.
Cost of Preferred Stock:
The cost of preferred stock is the dividend yield, which is the preferred dividend divided by the market price per share. The preferred stock has a 3.6% dividend yield, and it is selling for $81 per share. Therefore, the cost of preferred stock is 3.6% / $81 = 4.44%.
Next, we need to determine the weights of each component based on their market values. The market value of debt is 9,000 * $1,060 = $9,540,000. The market value of common stock is 420,000 * $60 = $25,200,000.
The market value of preferred stock is 18,000 * $81 = $1,458,000. The total market value of the company's capital structure is $36,198,000.
Now we can calculate the WACC using the formula:
WACC = (Weight of Debt * Cost of Debt) + (Weight of Equity * Cost of Equity) + (Weight of Preferred Stock * Cost of Preferred Stock).
Weight of Debt = $9,540,000 / $36,198,000 = 0.2639 (26.39%)
Weight of Equity = $25,200,000 / $36,198,000 = 0.6961 (69.61%)
Weight of Preferred Stock = $1,458,000 / $36,198,000 = 0.0401 (4.01%)
Plugging in the values, we get:
WACC = (0.2639 * 4.5%) + (0.6961 * 9.71%) + (0.0401 * 4.44%) = 2.88% + 6.78% + 0.18% = 9.84%.
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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price
Units in beginning inventory
Units produced
Units sold
Units in ending inventory
Variable costs per unit:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative expense
Fixed costs:
Fixed manufacturing overhead
Fixed selling and administrative expense
The total gross margin for the month under absorption costing is:
$
$
$
$
143
e
2,820
2,770
50
47
23
14
11
$95,880
$19,390
Answers
The total gross margin for the month under absorption costing is $16,120.
What is the total gross margin?Total variable cost per unit:
Direct materials cost per unit = $44Direct labor cost per unit = $19Variable manufacturing overhead per unit = $13Variable selling and administrative expenses per unit = $12Total variable cost per unit:
= Direct materials cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit + Variable selling and administrative expenses per unit
= $44 + $19 + $13 + $12
= $88
Total fixed costs:
Fixed manufacturing overhead = $85,260Fixed selling and administrative expenses = $16,440Total fixed costs:
Fixed manufacturing overhead + Fixed selling and administrative expenses
= $85,260 + $16,440
= $101,700
Total gross margin:
= (Selling price per unit - Total variable cost per unit) * Units sold - Total fixed costs
= ($131 - $88) * 2,740 - $101,700
= $43 * 2,740 - $101,700
= $117,820 - $101,700
= $16,120.
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Select the correct text in the passage.
What is the opportunity cost in this scenario?
Mikael has saved $4,000 for his trip to Brazil. He has calculated that his total transportation expenses will be $1,000. The hotel will cost him another $1,500. He will spend about $500 on food. He plans on spending the remaining $1,000 for sightseeing and buying souvenirs.
While booking his plane ticket, he realizes that the price has gone up. His total transportation expenses will go up by $200. He realizes that he cannot cancel his hotel reservation. He also doesn’t want to go cheap on food. Finally, he decides to give up visiting the popular Ouro Preto during his stay in Brazil.
Answers
The opportunity cost in this scenario is: Sightseeing or the visit to Ouro Preto during his stay in Brazil.
What is an opportunity cost?Opportunity cost is the forgone alternative and this is used in economics to refer to the option of two or three that is omitted in order to make the best of the available resources. The alternative forgone in the case of Mikeal above is foregoing his plan to spend the remaining $1,000 that he had on sightseeing and buying souvenirs.
When Mikael took a comprehensive view of his resources, he observed that it would be difficult for him to enjoy all of the activities that he planned without running short of resources.
Thus, he decided to cut off the less important item on the list to make way for the more important ones. The activity that he cut off to make room for the others is the opportunity cost.
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Which educational institutions typically cost the most to attend?
vocational schools
community colleges
public universities
private colleges
Answers
Answer:
Private colleges
The educational institutions that typically cost the most to attend is the private school.
What is private school?Private school is defined as an independent school that is self-contained. They are not managed by state, local, or national governments and are also known as private schools, non-governmental, privately funded, or non-state schools. Private schools are often the most expensive educational institutions to attend.
Therefore, option D is correct.
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The XYZ Company has just created a new hair product. Which of the following are the next two steps the company should take? Select all that apply.
A. It should create other kinds of products.
B. It should develop the product’s message.
C. It should advertise the product on the radio.
D. It should decide how much to charge for the product.
Answers
Answer:
b and d
Explanation:
The company XYZ has created hair product
the company should develop the message It should decide about the price and how much to charge for it.Thus the options B and D are correct.
What is a hair product?The hair product is one that gives you hair the care it needs The company named XYZ has made the hair product that can be applied on the scalp and is a type of facial.
The hair prediction tends to convey the message in the content of the culture and physical characteristics of the hair. The product should have proper labeling and must have instructions to use it. Along with the price information.
Fin out more information about the hair product.
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Whitch of the following is required to be considered an entrepreneur?
Answers
Answer:
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures
Explanation:
Automobile insurance coverage for financial losses of people in the other car injured in an accident you cause is called
a. property damage liability.
b. bodily injury liability.
c. comprehensive physical damage.
d. medical payments coverage.
e. uninsured motorists protection.
Answers
Answer:
eeeeeeeee
Explanation:
You are thinking about buying a piece of art that costs $50,000. The art dealer is proposing the following deal: He will lend you the money, and you will repay the loan by making the same payment every two years for the next 20 years (i.e., a total of 10 payments). If the interest rate is 4% per year, how much wil
Answers
Answer:
34
Explanation:
if you just subtract the snswer from the days of the week he works youll get the nswer
a person who is close to retirement and looking for a less risky investment should invest in
A commodities
B stocks
C mutual funds
D cryptocurrency
Answers
Answer:
C mutual funds
Explanation:
they do all the work for you while you sit back and relax.
•What are the five factors of production and how do they contribute to the creation of wealth?
Answers
Germany for example, is not a country that have many resources. But through entrepreneurship and knowledge, they still are one of the world's greatest power
Answer:
Land, labor, capital, entrepreneurship, and knowledge. Given that wealth is defined as abundance of valuable assets and each of these can be viewed as assets, they themselves add to wealth. However, entrepreneurship and knowledge are not accountable in a value sense. Everyone has the opportunity to advance their own mental tool kits. To answer your direct question, they contribute to the creation of wealth by enabling the necessary experimentation for new idea’s proof of concepts. Resources enable the ability to experiment with nature and its forces, which is a requirement for technological advancement. Technology has historically proven to be the most valuable asset to obtain
Explanation:
April's credit card has a balance of $483.42, but the amount that she needs to pay to bring the
card to a $0 balance is $726.18 because she missed a payment. What is April's interest rate?
Answers
The interest rate for April is 50.29%.
What is Interest ?In the fields of finance and economics, interest is the payment of a sum over and above the principal amount to a lender or depositor by a borrower or deposit-taking financial institution at a set rate.
It is not the same as a fee that the borrower might pay to the lender or another entity.
Given that April's credit card debt is $483.42 but that he needs to make a payment of $726.18, the interest rate for non-payment that he is subject to is as follows:
483.42 = 100
726.18 = X
((726.18 x 100) / 483.42) = X
= X
Consequently,
since 150.29 = 150.29 - 100 = 50.29 %
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If a nation's economy is based primarily on businesses that produce goods rather than services, what would you expect to be true about the goods you buy?
A. Imported goods may cost less than domestic goods.
B. Domestic goods may not have the same quality as imported goods.
C. Imported goods may cost more than domestic goods.
D. Domestic goods may be less expensive in foreign markets.
Answers
You expect to be true about goods you buy is imported goods may cost more than the domestic goods.
What are imported goods?Imported goods are products and services that are brought into a country from another country for the purpose of trade or consumption. These goods can include raw materials, finished goods, machinery, technology, and even skilled labor. The importation of goods is a critical aspect of international trade, as it enables countries to access products and services that may not be available locally or that may be available at a lower cost. In addition, imported goods often provide consumers with greater choice and variety, which can help to stimulate demand and competition in local markets. However, the importation of goods can also have negative effects on local industries and jobs, as imported goods may be cheaper and more competitive than locally-produced goods.
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in a 3 - 4 page essay, discuss warren Buffett's approach to business dealings, especially as they relate to business ethics.
Compare that approach to Benie Madoff's.
Apply ethical philosophies that you have learned about in this module and state which you think apply to Mr. Buffett.
Which ethical philosophies apply to Mr. Madoff? Why?
Answers
In this essay, we explore Warren Buffett's ethical approach to business, compare it to Bernie Madoff's, and analyze the applicable ethical philosophies for each.
Here are the steps to be followed:
1. Introduction:
2. Warren Buffett's Approach to Business Dealings and Business Ethics:
Explain Warren Buffett's overall approach to business dealings.Discuss his stance on business ethics, emphasizing any specific principles or values he adheres to.Provide examples or case studies that demonstrate Buffett's ethical decision-making in his business practices.Discuss the impact of his ethical approach on his reputation and long-term success.3. Bernie Madoff's Approach to Business Dealings and Comparison to Buffett:
Describe Bernie Madoff's approach to business dealings, specifically in relation to ethics.Highlight any unethical practices or actions committed by Madoff, such as his infamous Ponzi scheme.Compare and contrast Madoff's approach to Buffett's approach, pointing out the key differences in their ethical standards and behaviors.Discuss the consequences of Madoff's unethical actions, including the financial losses and damage to investors.4. Application of Ethical Philosophies to Warren Buffett:
Introduce the ethical philosophies that you have learned in the module.Identify which ethical philosophies apply to Warren Buffett based on his approach to business dealings.Explain why you believe these philosophies are applicable and provide supporting evidence or examples from Buffett's actions or statements.Discuss the implications and benefits of Buffett aligning with these ethical philosophies.5. Ethical Philosophies Applicable to Bernie Madoff and Reasons:
Analyze the ethical philosophies that can be applied to Bernie Madoff's actions.Discuss which ethical philosophies are relevant to understanding Madoff's unethical behavior.Provide justifications and explanations for the selected ethical philosophies, considering how they align with Madoff's actions or motivations.Reflect on the consequences of Madoff's departure from ethical principles.6. Conclusion:
Summarize the key points discussed in the essay regarding Warren Buffett's approach to business dealings and ethics, as well as the comparison to Bernie Madoff.Emphasize the importance of ethical decision-making in business and the long-term implications it can have.Offer any final thoughts or insights on the topic.Remember to support your arguments with evidence, examples, and references to credible sources. Properly cite any sources used in your essay according to the appropriate citation style.
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Write the quadratic equation in standard form that corresponds to the graph shown below.
Answers
The quadratic equation of the graph in standard form is y = x² + 2x - 8
What is a quadratic equation in standard form?A quadratic equation in standard form is given by y = ax² + bx + c
Given the graph below, to write the quadratic equation for the graph in s tandard form, we notice that the graph has two x - intercepts at
(-4, 0) and(2, 0)The x - intercepts are the roots of the quadratic equation.
So, we have that
x = -4 andx = 2So,
x + 4 = 0 andx - 2 = 0So, the factors of the quadratic equation are
x + 4 andx - 2So, multiplying the factors, we have that the equation is
y = (x + 4)(x - 2)
= x² - 2x + 4x + 4 × (-2)
= x² - 2x + 4x - 8
= x² + 2x - 8
So, the quadratic equation is y = x² + 2x - 8
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1.1.1 Name any one leakage in an economy. NAME ONE SECTOR INVOLVED MULTIPHER 1.1.2 What does the 45° line in the graph represent? 1.1.3 Briefly discuss the term autonomous consumption. 1.1.4 Explain the negative impact of a decrease in consumer spending on the size of the (2) multiplier. (1) IN DERIVING THE MACRO-ECONOMIC 1.2 Why is it important for a country to calculate its national income? [18] (1) 1.1.5 Calculate the multiplier when individual spending on consumption is 60%. Show all calculations. (4) (8)
Answers
1.1.1 One leakage in an economy is saving. The saving sector is involved in the leakage as individuals and businesses save a portion of their income rather than spending it on consumption or investment. Saving represents the portion of income that is not immediately injected back into the economy and can lead to a decrease in aggregate demand.
1.1.2 The 45° line in the graph represents the equilibrium level of output or income in an economy. It shows the points where aggregate spending (aggregate demand) is equal to aggregate production (aggregate supply). The line represents the condition where spending equals production, indicating a state of macroeconomic equilibrium.
1.1.3 Autonomous consumption refers to the level of consumption expenditure that occurs even when income is zero or negative. It represents the minimum level of consumption that individuals and households maintain regardless of their income. Autonomous consumption is usually influenced by factors such as basic needs, fixed expenses, or borrowing. It plays a crucial role in determining the level of aggregate demand in an economy.
1.1.4 A decrease in consumer spending has a negative impact on the size of the multiplier. The multiplier refers to the amplification effect that occurs when an initial change in spending or investment leads to a larger overall change in the economy. When consumer spending decreases, it leads to a decrease in aggregate demand, which in turn reduces the level of output and income. As a result, the multiplier effect is dampened, and the overall impact on the economy becomes smaller.
1.2 Calculating national income is important for a country for several reasons:
- It provides policymakers and economists with crucial information about the overall health and performance of the economy.
- National income data helps in formulating economic policies and making informed decisions related to fiscal and monetary policies.
- It allows for the comparison of economic performance across different countries and over time, providing insights into economic growth and development.
- National income calculations help in identifying income distribution patterns and inequalities within a country.
- It serves as a basis for calculating various economic indicators, such as GDP per capita, which are used to assess the standard of living and well-being of the population.
1.1.5 To calculate the multiplier when individual spending on consumption is 60%, we can use the formula:
Multiplier = 1 / (1 - Marginal Propensity to Consume)
Given that the individual spending on consumption is 60% or 0.6, the Marginal Propensity to Consume (MPC) would be 0.6. Substituting this value into the formula:
Multiplier = 1 / (1 - 0.6)
Multiplier = 1 / 0.4
Multiplier = 2.5
Therefore, the multiplier in this case would be 2.5.
One of Shanice's team members is not happy with their performance review and refuses to accept the rating she gave. What should Shanice do?
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Shanice should aim to resolve the issue through open communication, active listening, and a willingness to address the team member's concerns.
Listen and understand: Shanice should create an open and safe space for the team member to express their concerns. She should actively listen and seek to understand their perspective. This demonstrates empathy and shows that she values their input.
Provide clarity: Shanice should provide a clear explanation of the performance review process, including the criteria used to evaluate performance and the specific examples that led to the assigned rating. This can help address any misunderstandings or misconceptions.
Address concerns and offer feedback: Shanice should address the team member's specific concerns and provide constructive feedback. She can highlight areas for improvement and offer guidance on how to enhance performance. It's important for Shanice to focus on specific behaviors and outcomes rather than personal attacks or generalizations.
Seek input and involve the team member: Shanice can ask the team member for their suggestions on how to improve their performance or address their concerns. Involving them in the process can foster a sense of ownership and encourage collaboration.
Consider a reevaluation: If Shanice believes there may have been an oversight or if the team member presents compelling evidence, she can consider a reevaluation of the performance review. This may involve gathering additional feedback or revisiting the evaluation criteria.
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A USP should NOT be unique and memorable.
False
True
I don't know
It depends
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Answer:
false
Explanation:
If you were to ask Rosely and her father what the main problem was in running their firm, their answer would be quick and short: hiring good people. Originally begun as a string of coin-operated laundromats requiring virtually no skilled help, the chain grew to six stores, each heavily dependent on skilled managers, cleaner/ spotters, and pressers. Employees generally have no more than a high school education, and the market for them is very competitive. Over a typical weekend, literally dozens of want ads for experienced pressers or cleaner/spotters can be found in area newspapers. All these people usually are paid around $15 per hour, and they change jobs frequently.
Rosely and her father thus face the continuing task of recruiting and hiring qualified workers out of a pool of individuals they feel are almost nomadic in their propensity to move from area to area and job to job. Turnover in their stores (as in the stores of many of their competitors) often approaches 400%. “Don’t talk to me about human resources planning and trend analysis,” says Rosely. “We’re fighting an economic war, and I’m happy just to be able to round up enough live applicants to be able to keep my trenches fully manned.”
2. Provide a detailed list of recommendations concerning how they should go about increasing their pool of acceptable job applicants so they no longer face the need to hire almost anyone who walks in the door.
1. How would you recommend they go about reducing the turnover in their stores?
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To reduce turnover in their stores, Rosely and her father can consider implementing to offer competitive wages and improving working conditions.
Offering competitive wages and benefits would provide the competitive market for skilled workers, they should consider offering higher wages and benefits to attract and retain employees. And improving working conditions, they make the work environment more pleasant and comfortable for employees. This can include providing appropriate tools and equipment, improving the lighting and ventilation, and ensuring that the workstations are ergonomically designed.
To increase their pool of acceptable job applicants, Rosely and her father can consider implementing to offer referral bonuses and advertising job openings on social media. By offering referral bonuses, they can offer current employees a bonus for referring qualified candidates for open positions and through advertising job openings on social media they can create a broad network. Social media platforms like LinkedIn and more can be effective ways to reach potential job applicants.
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Which type of investment is not typically part of an income investment strategy? A. Dividend-paying stocks B. Mutual funds C. Savings account D. Real estate
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Answer: savings account
Explanation:
Income investment strategy seek to do: dividend paying stocks, short term bonds, mutual funds, real estate
Savings account is not typically part of an income investment approach.
What is a savings account?An account in a retail bank is a savings account. Common characteristics include a cap on withdrawals, no check-writing or debit card capabilities, few transfer alternatives, and no overdraft protection. Savings account transactions were typically recorded in a passbook in the past, hence the term "passbook savings accounts," and bank statements were not typically supplied. Nowadays, same transactions are typically recorded electronically and are available online.
There are many different kinds of savings accounts, many of which have specific functions. These can include money market accounts, retirement accounts, Christmas club accounts, investment accounts, and accounts for young savers. Some savings accounts additionally have additional unique criteria, like a minimal opening deposit, regular deposits, and withdrawal notices.
What is an income investment approach?Building a portfolio of investments that is especially designed to produce consistent income is at the core of the investment approach known as income investing. The only goal of the income investing approach is to produce a steady flow of income. Dividends, bond yields, and interest payments are all examples of the consistent income.
A capital appreciation approach, which focuses on investing in businesses with the potential for considerable long-term growth, is essentially the reverse of an income investment strategy. By holding shares of companies that often reinvest retained earnings for expansion rather than paying them out to investors in this situation, an investor is putting less faith in dividends and more faith in price appreciation.
The main objective of income investing is to generate passive income for the investor. Stocks that could experience significant price increases in the future are less appealing to investors. Instead, they focus on businesses that have a history of regularly delivering dividends to their shareholders.
Investors can approach income investing in a variety of ways depending on their investment objectives and portfolio management techniques.
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Which best describes how consumers may benefit from specialization?
Consumers can only purchase high-quality goods.
Consumers have more price options.
O Consumers receive more sale offers.
O Consumers find products at lower prices.
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In specialization a company have produced the product at different price levels. Consumers have more price options.
What is consumer?A consumer is a person who purchases the goods and or services from the business and is also the ultimate user of the products or services. In specialization the company produces a certain product at many different levels by which they have many price options available which vary according to their customization and quality that can be offered to the consumers and hence the customer can purchase different types of a single product from a single company or Brand.
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what is the background of the unilever company?
Answers
Answer:
Ueliever somthing i forgot
Explanation: