Grady Tire Company Direct Materials Budget For the Year Ended December 31, 2025 a. Budgeted sales are 1,600 tires for the first quarter and expected to increase by 200 tires per quarter. Cash sales are expected to be 20% of total sales, with the remaining 80% of sales on account. b. Finished Goods Inventory on December 31, 2024 consists of 700 tires at $29 each. c. Desired ending Finished Goods Inventory is 30% of the next quarter's sales; first quarter sales for 2026 are expected be 2,400 tires. FIFO inventory costing method is used. d. Raw Materials Inventory on December 31, 2024, consists of 1,400 pounds of rubber compound used to manufacture the tires. e. Direct materials requirements are two pounds of a rubber compound per tire. The cost of the compound is $6.00 per pound. f. Desired ending Raw Materials Inventory is 40% of the next quarter's direct materials needed for production; desired ending inventory for December 31,2025 is 1,400 pounds; indirect materials are insignificant and not considered for budgeting purposes. g. Each tire requires 0.50 hours of direct labor; direct labor costs average $20 per hour. h. Variable manufacturing overhead is $2 per tire. i. Fixed manufacturing overhead includes $3,000 per quarter in depreciation and $12,240 per quarter for other costs, such as utilities, insurance, and property taxes. j. Fixed selling and administrative expenses include $14,000 per quarter for salaries; $3,600 per quarter for rent; $1,200 per quarter for insurance; and $1,000 per quarter for depreciation. k. Variable selling and administrative expenses include supplies at 1% of sales. I. Capital expenditures include $40,000 for new manufacturing equipment, to be purchased and paid in the first quarter.
Answers
To prepare the Direct Materials Budget for Grady Tire Company for the year ending December 31, 2025, we need to consider the information provided.
a. Sales:
First quarter sales: 1,600 tires
Sales increase by 200 tires per quarter
Cash sales: 20% of total sales
Credit sales: 80% of total sales
b. Finished Goods Inventory (December 31, 2024):
700 tires at $29 each
c. Desired ending Finished Goods Inventory (1st quarter 2026):
30% of next quarter's sales (2,400 tires)
d. Raw Materials Inventory (December 31, 2024):
1,400 pounds of rubber compound
e. Direct materials requirements:
2 pounds of rubber compound per tire
Cost of compound: $6.00 per pound
f. Desired ending Raw Materials Inventory (December 31, 2025):
40% of next quarter's direct materials needed for production (2,400 tires)
Based on the provided information, we can calculate the required direct materials as follows:
First quarter direct materials: 1,600 tires * 2 pounds = 3,200 pounds
Direct materials needed for subsequent quarters can be calculated by adding 200 tires for each quarter and multiplying by 2 pounds per tire.
The Direct Materials Budget will include the quantity and cost of rubber compound needed for production in each quarter.
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Related Questions
expressing plans for a business in financial terms is commonly called:____
Answers
Expressing plans for a business in financial terms is commonly called financial forecasting. Financial forecasting involves predicting future financial performance by analyzing past financial data and current market conditions.
This process helps businesses plan and allocate resources effectively, determine future financial needs, and make informed decisions about investments, pricing, and strategic direction.
Financial forecasting typically includes creating financial projections, which are estimates of future revenues, expenses, and profits. These projections are based on assumptions about factors such as market trends, customer demand, economic conditions, and internal operations. Financial forecasting can be done for short-term periods, such as a month or a quarter, or for longer-term periods, such as three to five years.
Financial forecasting is essential for businesses of all sizes and types, from startups to established companies. It enables businesses to assess their financial health and identify potential areas of risk or opportunity. Financial forecasting is also crucial for securing funding from investors or lenders, as it provides a clear and detailed picture of the business's financial performance and potential for growth.
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3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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Suppose a company will issue new 20-year debt with a par value of $1,000 and a coupon rate of 8%, paid annually. The issue price will be $1,000. The tax rate is 35%. If the flotation cost is 2% of the issue proceeds, then what is the after-tax cost of debt? Disregard the tax shield from the amortization of flotation costs. Round your answer to two decimal places. % What if the flotation costs were 11% of the bond issue? Round your answer to two decimal places. %
Answers
Answer:
if the flotation costs were 2%, the after-tax cost of debt is 5.10%
if the flotation costs were 11%, the after-tax cost of debt is 4.63 %
Explanation:
After-tax cost of debt = Market Interest × ( 1 - tax rate)
Calculation of the Market Interest
Hint : Use the time value of money principles
Pv = -$1,000
Pmt = $1,000 × 8 % = $80
P/yr = 1
N = 20
Fv = $1,000
YTM = ?
Using a financial calculator, the market interest is 8%
After-tax cost of debt = Market Interest × ( 1 - tax rate)
= 0.08 × (1- 0.35)
= 0.052 or 5.20 %
If Flotation cost is 2%
Net Receipts after flotation cost = Cost × ( 1 - flotation rate)
= 5.20 % × (1-0.02)
= 5.096 % or 5.10% (two decimal places)
If Flotation cost is 11%
Net Receipts after flotation cost = Cost × ( 1 - flotation rate)
= 5.20 % × (1-0.11)
= 4.628 % or 4.63 % (two decimal places)
Current liabilities include ______. Multiple select question. accounts payable wages payable interest receivable 5 year bonds due in 2 years 10 years bonds due in 5 months
Answers
Current liabilities include current liabilities and 10 years bonds due in 5 months.
What are current liabilities?Current liabilities are obligations that a company owes other entities. This obligations would be paid withing a year.
Current liabilities include:
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how has the internet helped boycotters? responses it makes it easy for consumers to share their product reviews with each other. it makes it easy for consumers to share their product reviews with each other. it enables outsourcing and helps companies keep their production costs down. it enables outsourcing and helps companies keep their production costs down. it has increased competition by introducing online retail sales. it has increased competition by introducing online retail sales. it enables boycotters to organize and publicize their activities more easily. it enables boycotters to organize and publicize their activities more easily.
Answers
The internet aids boycotters by enabling consumers to share product reviews and providing a platform for organizing and publicizing boycotts and connecting people globally.
Firstly, the internet has made it easier for consumers to share their product reviews with each other. Through online platforms, review websites and social media, consumers can quickly and easily share their experiences and opinions about products and brands.
This allows boycotters to spread awareness about companies or products they choose to boycott and influence others to join their cause.
Secondly, the internet serves as a powerful tool for boycotters to organize and publicize their activities. Online platforms and social media provide a means for boycotters to connect, collaborate, and coordinate their efforts. They can create dedicated websites, social media pages, and online communities to spread their message, raise awareness, and mobilize support for their cause.
The internet enables boycotters to reach a wider audience, amplify their voices, and engage in collective action more efficiently than traditional offline methods.
Overall, the internet has significantly enhanced the capabilities of boycotters by facilitating the sharing of product reviews among consumers and providing them with a platform to organize and promote their boycott activities.
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wine and roses, incorporated, offers a bond with a coupon of 7.5 percent with semiannual payments and a yield to maturity of 8.16 percent. the bonds mature in 10 years. what is the market price of a $1,000 face value bond? multiple choice $1,461.51 $1,449.42 $955.47 $1,055.32 $1,506.05 question 2 of 10 total 2 of 10 mcgraw hill
Answers
Based on the bond coupon, the semiannual payments, and the yield to maturity, the market price of the bond can be found to be $955.47.
How to find the market price of the bond?The market price of the bond is the sum of the present value of the bond coupon payments and the present value of the face value of the bond.
The number of periods for the bond is:
= 10 years x 2 semi annual periods
= 20 semi annual periods
The periodic yield to maturity is:
= 8.16 / 2
= 4.08%
The coupon payment on the bond is:
= 7.5%/2 x 1,000
= $37.50
The present value of the coupons is:
= 37.50 x (1 - (1 + 4.08%)⁻²⁰) / 4.08%
= $506.05
The present value of the face value is:
= 1,000 / (1 + 4.08%)²⁰
= $449.42
The market price is therefore:
= 506.05 + 449.42
= $955.47
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A city imposes a mandatory "guild fee" on sales of handcrafted goods. This tax causes the supply curve for handmade mailboxes to shift from s1 to s2. The fee is in effect a tax paid by sellers, as a fixed amount on each mailbox sold. Use the area tool to draw the area representing the consumer surplus after the tax. Your answer should be a triangle with three corners
Answers
The vertical y-axis displays price, and the horizontal x-axis displays amount supplied.
What is meant by supply curve?An illustration of the relationship between a change in the cost of a commodity or service and the volume that a seller supplies is called a supply curve. The vertical y-axis displays price, and the horizontal x-axis displays amount supplied.
Supply in economics refers to the quantity of a resource that businesses, producers, workers, providers of financial assets, or other economic agents are ready and prepared to offer to the market or to a particular customer.
The supply curve often depicts an upward-sloping line or curve to demonstrate that when prices rise, supply rises along with them. The law of supply is the name for this theory. Market supply curves are used when a supply curve describes a whole competitive market as opposed to just one supplier.
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outline 2 advantages to H&H of using secondary market research
Answers
Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
a $4200 9% twelve-year bond with annual coupons is purchased with a discount of $73 and yields 9.5% if held to maturity. find the price.
Answers
The price of the bond is $4,814.48.
To discover the charge of the bond, we need to apply the present value method, that's:
\(PV = C x (1 - (1 + r)^{-n}) / r + FV / (1 + r)^n\)
Wherein PV is the rate, C is the annual coupon charge, r is the yield to maturity, n is the quantity of intervals, and FV is the face value of the bond.
In this example, the annual coupon payment is 9% of the face fee, or $378, the yield to maturity is 9.5%, the variety of intervals is 12, and the face fee is $4,200.
First, we want to find the present value of the annual coupon bills:
PV of coupons
\(= $378 x (1 - (1 + 0.0.5)^{-12}) / 0.1/2\)
= $3,363.02
Subsequent, we want to discover the present value of the face value at maturity:
PV of face value
\(= $4,200 / (1 + 0.0.5)^{12}\)
= $1,524.46
Eventually, we are able to calculate the price of the bond via including the present values of the coupon bills and the face price:
Charge = $3,363.02 + $1,524.46 - $73
= $4,814.48
Consequently, The bond costs $4,814.48 in total.
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The price of the bond is $4,814.48.
To discover the charge of the bond, we need to apply the present value method, that's:
Wherein PV is the rate, C is the annual coupon charge, r is the yield to maturity, n is the quantity of intervals, and FV is the face value of the bond.
In this example, the annual coupon payment is 9% of the face fee, or $378, the yield to maturity is 9.5%, the variety of intervals is 12, and the face fee is $4,200.
First, we want to find the present value of the annual coupon bills:
PV of coupons
= $3,363.02
Subsequent, we want to discover the present value of the face value at maturity:
PV of face value
= $1,524.46
Eventually, we are able to calculate the price of the bond via including the present values of the coupon bills and the face price:
Charge = $3,363.02 + $1,524.46 - $73
= $4,814.48
Consequently, The bond costs $4,814.48 in total.
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An integrated set of performance measures that are derived from the company's strategy is ______.
Answers
An integrated set of performance measures that are derived from the company's strategy is the balanced scorecard,
The Balanced Scorecard is a management system designed to translate an organization's strategic objectives into a set of organizational performance objectives that are measured and monitored as needed to ensure that the organization's strategic objectives are met. , and fixed.
Balanced Scorecard is a strategic performance management tool. A well-structured report that managers can use to track the execution of activities by employees under their control and monitor the results of those actions.
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If demand price elasticity measures 2, this implies that consumers would Group of answer choices buy twice as much of the product if the price drops 10 percent. require a 2 percent drop in price to increase their purchases by 1 percent. buy 2 percent more of the product in response to a 1 percent drop in price. require at least a $2 increase in price before showing any response to the price increase. buy twice as much of the product if the price drops 1 percent.
Answers
Answer:
buy twice as much of the product if the price drops 10 percent.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price
If price elasticity is 2, it means that the percentage change in quantity demanded is twice greater than the percentage change in price
If price drops by 10%, and elasticity is 2, demand would increase by 20%
2 = percentage change in quantity demanded / percentage change in price
2 = percentage change in quantity demanded / 10
Percentage change in quantity demanded = 10 x 2 = 20
DOOD Which of the following are characteristics of humoral response?
Answers
The characteristics of humoral response include the production of antibodies and the ability to recognize and attack antigens. Read below for more details about the characteristics of the humoral response.
Humoral response or antibody-mediated immunity is a type of immune response that is mediated by antibodies or immunoglobulins (Ig). The humoral response is stimulated when antigens or foreign substances are encountered in the extracellular fluid. The humoral response is carried out by B cells or B lymphocytes. In humoral response, B cells recognize and bind to antigens, undergo differentiation, and produce plasma cells. Plasma cells secrete large amounts of antibodies, which then bind to the antigens and mark them for destruction. Humoral response helps to protect the body against pathogens or harmful substances present outside the infected cells.
The characteristics of humoral response are given below:
Antibody Production: The production of antibodies is the main characteristic of the humoral response. Antibodies are produced by the plasma cells or B cells in response to the antigens and bind to the specific antigens. The binding of antibodies to antigens can cause the destruction of antigens or mark them for destruction. The antibodies can neutralize toxins and prevent them from causing harm to the body.
Recognition of Antigens: B cells or B lymphocytes can recognize and bind to antigens. The antigens are specific molecules that can stimulate the immune response. The antigens can be proteins, carbohydrates, lipids, or nucleic acids. The recognition of antigens by B cells is carried out by the B cell receptor or BCR. The BCR is a membrane-bound immunoglobulin, which binds to the specific antigens.
Selective Attack on Antigens: The humoral response can selectively attack the antigens or foreign substances. The antibodies produced in response to the antigens can bind to the antigens and mark them for destruction. The antibodies can cause the agglutination or clumping of antigens. The antibodies can activate the complement system, which can destroy the antigens. The antibodies can also opsonize the antigens and make them more attractive to phagocytic cells.
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After a bank reconciliation has been completed these transactions are listed as ____ to the cash balance? ? need help taking A p e x quiz now!!! don't have time to be chasing a link!
A. Journal entries
B. Credits
C. Adjustments
D. debits
Answers
Answer:
A
Explanation:
After adjusting the balances as per the bank and as per the books, the adjusted amounts should be the same. If they are still not equal, you will have to repeat the process of reconciliation again.
Once the balances are equal, businesses need to prepare journal entries for the adjustments to the balance per books.
Answer:The answer is C
Explanation:
Just took the test
An NOL has the potential to lower income and reduce taxes for the taxpayer
Answers
Answer:
The correct response is "for the carryover or carryforward year".
Explanation:
NOL usually happens that whenever a taxpayer's corporate taxable income exceeds his corporation yearly revenue. The whole NOL could be utilized to back split from several other taxable incomes, which have become perhaps throughout the future, in other words, managed to carry forward. Throughout the current environment, and there'll be revenue, NOL would be adapted and the tax burden would be whittled down either by NOL proportion.job performance definition
Answers
Answer:
The act of doing a job well
Explanation:
Job performance is the act of doing a job well, based on the goals, attitudes, skills, and behaviors of the individual. It is an important criterion for organizational outcomes and success. It is studied as part of industrial and organizational psychology and human resources management.
The three clusters we considered in this unit covered so many different pathways! Can you
make sense of it all? Create a chart that shows each career cluster and its pathways. For
every pathway, list an example of a job found under it. Then list a possible company or area in
which the person who has that job would work.
Answers
Government & Public Management clusters we considered in this unit covered so many different pathways.
What are the three clusters ?Planning, supervising, and delivering associated general purpose government services at the federal, state, and municipal levels are all part of the job duties of those in the government and public administration profession cluster.
There are seven different career trajectories in this cluster:
Governance
Governmental Security
Service abroad
People who work in the Foreign Service career line contribute to maintaining good ties between the United States and other nations. They also assist immigrants who want to reside or work in the United States. These people work mostly in Washington, D.C., diplomatic missions, consulates, and embassies.
Examples of jobs include:
Office of Foreign Service
Ambassadorial Officer
Officer Consular
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what is franco invoice?
Answers
An invoice number is a unique number in chronological order without any breaks. There can be separate series for different invoices. The invoice must have the date on which service is provided to the client.
A savings account is a good choice for:
A. a high return on your investment.
B. retirement planning.
C. when you need easy access to your funds. .
о
D. basic savings and as an emergency fund.
Answers
Answer:
B. Basic savings and as an emergency fund
Explanation:
Assume the perpetual inventory system is used. 1) Green Company purchased merchandise inventory that cost $16,100 under terms of 3/10, n/30 and FOB shipping point. 2) Green Company paid freight cost of $610 to have the merchandise delivered. 3) Payment was made to the supplier on the inventory within 10 days. 4) All of the merchandise was sold to customers for $23,700 cash and delivered under terms FOB destination with freight cost amounting to $410. What is the amount of gross margin that results from these transactions
Answers
Answer:
$7,473
Explanation:
Calculation to determine the amount of gross margin that results from these transactions
First step is to calculate COGS
COGS=$16,100-($16,100 * 0.03)+$610
COGS=$16,100-$483+$610
COGS=$16,227
Now let calculate the Gross margin
Using this formula
Gross margin = Sales revenue - COGS
Let plug in the formula
Gross margin=$23,700 - $16,227
Gross margin =$7,473
Therefore the amount of gross margin that results from these transactions is $7,473
When a salesperson says or does something that creates agency such as giving advice to a customer, giving an opinion to a customer, or negotiating on the customer's behalf the licensee has:
Answers
Answer:
implied agency
Explanation:
The implied agency refer to an agency that is established from the principal and agent conduct. It develops the agency relationship. It is a real agency and a fact to be proved
Therefore as per the given situation since it is mentioned that at the time when the salesperson said or do something that establish the agency so this represent the implied agency
Therefore the same is to be considered
What the person above me said
Explanation:
i just took the asignment.
Why is the automobile industry considered an oligopoly?
It offers little differentiation within the market.
It has significant barriers to entry.
It is controlled by companies that patent key technology.
It relies on price variation to attract customers.
It depends on brand loyalty and image to generate sales.
It is dominated by a few key players.
Answers
The reasons that the automobile industry is an oligopoly in market economics are because of B. It has significant barriers to entry and F. It is dominated by a few key players.
An oligopoly is a market condition where the possibility of firms colluding with each other exists.Firms in this market are interdependent, especially with regards to pricing.
Oligopolistic firms differentiate their products, and they have few producers.There are barriers to entry.
Thus, an oligopoly limits entries to a few key players who dominate the market.
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Answer:
B: It has significant barriers to entry.
E: It depends on brand loyalty and image to generate sales.
F: It is dominated by a few key players.
The annual inflation rate is expected to be 5 percent over the next 3 years. Juan plans to take out a 3-year loan to purchase a car. If Juan decides not to take out a loan if the real interest rate exceeds 3 percent, the highest nominal interest rate he is willing to pay is:
Answers
The highest nominal interest rate he is willing to pay is 8.15%.
The highest nominal interest rate that Juan is willing to pay can be determined using the Fisher equation. The Fisher equation postulates that the nominal interest rate is a function of the real interest rate and the inflation rate.
Fisher effect equation : ( 1 + nominal interest rate) = (1 + real interest rate) x (1 + inflation rate)
(1.03) x (1.05) = ( 1 + nominal interest rate)
( 1 + nominal interest rate) = 1.0815
Nominal interest rate = 1.0815 - 1
Nominal interest rate = 8.15%
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Alltech Company maintains a separate accounts receivable account for each customer. On June 18, Alltech provides $6,300 of services on account to customer Anthony and $1,200 of services on account to customer Walker. How will these two transactions affect the control and subsidiary accounts?
Answers
Answer:
B. The control account, Accounts Receivable, will be increased with a debit of $8 300
Explanation:
According to the given situation, in total, the Alltech company makes sales of 2, one for $6,300, and the other for $2,000. The total of sales will be computed by adding both sales that are $6,300 + $2,000 = $8300 will therefore be booked and control and receivables will be boosted with a debit of $8,300.
Therefore, the correct answer is B.
Another one.... TRUE OR FALSE
A debit is the same thing as a deposit.
Answers
Answer:
false
Explanation:
Please help!
State the purpose of the email in as concise a way as possible.
O True
O False
Answers
True...
Email is a good way of communication instead of the use of a phone call or text. Email is very convient to businesses and companies.
Sonic Corp. produces sportwear and operate retail stores in Hong Kong, Vietnam and Italy. There are three companies established under Sonic Corp.: Sonic (Hong Kong) Co., Sonic (Vietnam) Co. and Sonic (Italy) Co. All invested capital decisions have to be submitted to Sonic Corp. for approval. The manufacturing function is located in Vietnam. Finished goods are transported to Hong Kong and Italy for sale.
The group has six divisions: research and development, product/ process design, production, marketing, distribution, and customer services. All the upstream and midstream activities are conducted in Vietnam. For downstream activities, they are taken care by retail stores operated in each of the regions.
Sonic Corp. is structuring its performance measures with following objectives for coming year.
1. Increase market share
2. Provide excellent service to customers
3. Establish competitive edge in product and process innovations
4. Develop efficient production processes with latest information technology
Sonic Corp. conducts "centralized budgeting" without employee participation. Employees are evaluated based on whether they are able to achieve the budget assigned. The Chief Executive Officer is considering whether to introduce "decentralized budgeting", inviting employees to participate in budgeting.
REQUIRED:
(a) How "centralized budgeting" could demotivate employees of Sonic Corp.? (b) Identify and explain the nature of responsibility center for (i) production division (ii) Sonic (Hong Kong) Co. What is the concept that support responsibility center management?
(c) Suggest TWO financial performance measures for Sonic (Vietnam) Co.
(d) Suggest ONE non-financial performance measures under each objective.
(e) Elaborate how ONE of the six divisions could support the performance measure suggested in (d) to achieve each of the above objectives
Answers
(a) Centralized budgeting can demotivate employees at Sonic Corp. by limiting their participation in the process, making them feel disconnected and reducing their sense of ownership and commitment.
The lack of employee participation can lead to reduced motivation, as employees may perceive their efforts as less meaningful or influential in achieving the budget goals. Additionally, centralized budgeting may not consider the valuable insights and knowledge that employees possess, resulting in less accurate and realistic budget targets.
Determine how the centralized budgeting?With centralized budgeting, the decision-making power lies solely with Sonic Corp., and employees are not actively involved in setting budget goals or providing input. This approach can create a sense of disempowerment among employees, as they are not given the opportunity to contribute their ideas and suggestions.
As a result, employees may feel less motivated to work towards the budget targets since they were not involved in the decision-making process. Furthermore, when employees are not engaged in the budgeting process, they may lack a sense of ownership and commitment towards achieving the budget goals, leading to reduced motivation and performance.
(b) (i) The nature of responsibility center for the production division of Sonic Corp. is a cost center. The production division is responsible for manufacturing and production processes. Its performance is evaluated based on cost efficiency, quality control, and meeting production targets. The concept that supports responsibility center management in this case is cost control, as the production division's objective is to achieve efficient production processes.
A cost center focuses on controlling and minimizing costs while delivering the desired level of output or service. The production division in Sonic Corp. is primarily concerned with managing costs associated with manufacturing operations, ensuring efficient utilization of resources, and optimizing production processes.
Its responsibility is to produce goods in a cost-effective manner while maintaining quality standards.
(ii) The nature of responsibility center for Sonic (Hong Kong) Co. is a profit center. Sonic (Hong Kong) Co. operates the retail stores in Hong Kong and is responsible for generating revenue and maximizing profitability. Its performance is evaluated based on sales revenue, gross profit margin, and overall profitability.
A profit center is responsible for both generating revenue and managing costs to achieve profitability. Sonic (Hong Kong) Co. operates the retail stores and focuses on driving sales, managing inventory, and controlling expenses to maximize profits.
(c) Two financial performance measures for Sonic (Vietnam) Co. could be:
(i) Return on Investment (ROI): This measure evaluates the profitability of Sonic (Vietnam) Co.'s investments by comparing the net profit generated to the invested capital. It provides insights into the efficiency and effectiveness of capital utilization.
(ii) Gross Profit Margin: This measure assesses the profitability of Sonic (Vietnam) Co.'s operations by determining the percentage of revenue remaining after deducting the cost of goods sold. It indicates the company's ability to generate profit from its products or services.
(d) Non-financial performance measures for each objective:
(i) Increase market share: Customer satisfaction index, which measures the level of satisfaction among Sonic Corp.'s customers and indicates the company's ability to attract and retain customers.
(ii) Provide excellent service to customers: Customer retention rate, which measures the percentage of customers who continue to purchase from Sonic Corp. over a specific period. It reflects the company's ability to maintain customer loyalty and satisfaction.
(iii) Establish competitive edge in product and process innovations: Number of new product launches, which measures the frequency of introducing innovative products to the market. It reflects Sonic Corp.'s commitment to staying ahead of competitors through continuous product development.
(iv) Develop efficient production processes with the latest information technology: Production cycle time, which measures the time taken to complete the entire production process from start to finish. It indicates the efficiency of Sonic Corp.'s production operations and the effectiveness of integrating information technology.
(e) The research and development division could support the objective of establishing a competitive edge in product and process innovations. By investing in research and development activities, such as market research, trend analysis, and technological advancements, the division can identify customer needs, drive product innovation, and enhance production processes.
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The last step in the four-stage planning process for projects is _______________.
Answers
The last step in the project's four-stage planning process is d—resource allocation.
What is resource allocation?Resource allocation involves assigning and managing assets to support an organization's strategic planning goals.
According to economists, resources are scarce and need to be allocated and managed prudently for efficient and effective achievement of goals.
Poor resource allocation impacts negatively on every worthy project. Resources should be allocated strategically.
Thus, we can conclude that the last step in the project's four-stage planning process is d—resource allocation.
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Question Completion with Answer Options:
a. information technology strategy planning
b. business area analysis
c. mind mapping
d. resource allocation
Donald is a business development executive in a big retail company based in Omaha. His company now wants to expand and has sent Donald as their representative. Donald is also authorized to deal and negotiate with different vendors directly and in his own capacity. What role is Donaldplaying as per the contract law?
Answers
Answer:
C. Agent
Explanation:
Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert
What considerations arise when designing a research study?
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Research participants should not be subjected to harm in any ways whatsoever. Respect for the dignity of research participants should be prioritised. Full consent should be obtained from the participants prior to the study.
Please calculate and show the following ratios for Airbnb years 2017-2020. Briefly explain your findings and what they mean for the company. Note: Do not just copy and paste the ratios or visuals from a website. It is important to show your numbers and calculations. a. Return on Assets b. Total Assets Turnover c. Financial Leverage Index
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Return on Assets (ROA) measures how effectively a firm is using its assets to generate profits. In this case, it will show us how much Airbnb is generating in profit for each dollar it invests in assets.
The formula for calculating ROA is:
ROA = Net Income / Total Assets × 100.
It shows how efficient the company is at generating income from its assets. Airbnb's ROA for the years 2017 to 2020 is shown below:2017:
$191,272,000 / $2,674,281,000 × 100 = 7.16%2018: $-16,943,000 / $5,278,945,000 × 100 = -0.32%2019: $674,309,000 \(/ $6,354,507,000 × 100 = 10.62%2020: $-4,580,000 / $13,090,550,000 × 100 = -0.04%.\)
Total Asset Turnover Ratio measures a company's efficiency in utilizing its assets to generate sales. In this case, we'll find out how much sales Airbnb generates for each dollar of assets it owns. The formula for calculating Total Asset Turnover is:
\(Total Asset Turnover = Revenue / Total Assets.\) Airbnb's Total Asset Turnover for the years 2017 to 2020 is shown below:2017:\($2,569,560,000 / $2,674,281,000 = 0.96x2018: $3,652,005,000 / $5,278,945,000 = 0.69x2019: $4,811,298,000 / $6,354,507,000 = 0.76x2020: $3,377,593,000 / $13,090,550,000 = 0.26x\)
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