In a joint processing operation. Nolen Company manufactures three grades of sugar from a common input, sugar cane. Joint processing costs up to the split-off point total $98,000 per year. the company allocates these costs to the joint products on the basis of their total sales value at the split-off point. These sales values are as follows: raw sugar. $49,000: brown sugar. $54,500: and white sugar. $56,250. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities. the additional processing costs and the sales value after further processing for each product (on an annual basis) are shown below: Product Additional Processing Costs Sales Value
Raw sugar $52.390 $98.000
Brown sugar $34.200 $92.750
White sugar $33.950 $1105000
a. Compute the Incremental profit (loss) for each product. (Loss amounts should be indicated by a minus sign.) b. Which product or products should be sold at the split-off point? (Select all that apply.) Raw sugar Brown sugar White Sugar Which product or products should be processed further? (Select all that apply.) O Raw sugar O Brown sugar
O White sugar
Answers
Raw Sugar:
Sales value after additional processing - additional processing costs - joint processing costs
= $98,000 - $52,390 - $98,000
= -$52,390 (loss)
Brown Sugar:
Sales value after additional processing - additional processing costs - joint processing costs
= $92,750 - $34,200 - $98,000
= -$39,450 (loss)
White Sugar:
Sales value after additional processing - additional processing costs - joint processing costs
= $110,500 - $33,950 - $98,000
= -$21,450 (loss)
The product or products that should be sold at the split-off point are those with a positive incremental profit or the smallest loss.
Therefore, Raw Sugar and Brown Sugar should be sold at the split-off point.
The product or products that should be processed further are those with a positive incremental profit or the smallest loss.
Therefore, White Sugar should be processed further.
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Related Questions
PLEASE HELP ME!! please, please,, please explain how you got it, thank you
Answers
Answer:
I think the second one.
1/10 cookies per pizza
briefly describe the tools used by a central bank to affect the money supply and identify which is the most powerful and commonly used method and which is the weakest method.
Answers
Central banks use open market operations, reserve requirements, and discount rates to influence the money supply, with open market operations being the most powerful.
Central banks employ several tools to control the money supply within an economy. One of the primary methods is through open market operations, which involves the buying or selling of government securities in the open market. By purchasing government securities, the central bank injects money into the economy, increasing the money supply. Conversely, selling government securities reduces the money supply. Open market operations are considered the most powerful tool as they directly impact the liquidity and overall money supply in the economy. Central banks frequently utilize this tool to regulate interest rates and stabilize the financial system.
Another tool used by central banks is adjusting reserve requirements. Banks are required to hold a certain percentage of their deposits as reserves. By raising or lowering the reserve requirement, the central bank can influence the amount of money banks can lend out. Increasing reserve requirements reduces the lending capacity of banks, thereby decreasing the money supply, while decreasing reserve requirements has the opposite effect. However, reserve requirements are often seen as a weaker tool compared to open market operations, as changes in reserve requirements can have a more gradual and delayed impact on the money supply.
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influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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Packer corp. , an accrual-basis, calendar-year s corporation, has been an s corporation since its inception. Starr was a 50% shareholder in packer throughout the current year and had a $10,000 tax basis in packer stock on january 1. During the current year, packer had a $1,000 net business loss and made an $8,000 cash distribution to each shareholder. What amount of the distribution was includible in starr's gross income?
Answers
The amount of the distribution was includible in Starr's gross income of $9,500.
Packer Corp., an accrual-basis, calendar-year S corporation, has Starr as a 50% shareholder throughout the current year. Starr began the year with a $10,000 tax basis in Packer stock. During the current year, Packer incurred a $1,000 net business loss and made an $8,000 cash distribution to each shareholder, including Starr.
As an S corporation, Packer's net business loss is passed through to the shareholders and allocated based on their ownership percentages. In this case, Starr would be allocated 50% of the $1,000 net business loss, which is $500.
This loss will reduce Starr's tax basis in Packer stock from $10,000 to $9,500 ($10,000 - $500).
Now, let's analyze the $8,000 cash distribution to Starr. In general, S corporation distributions are not included in a shareholder's gross income as long as they do not exceed the shareholder's tax basis in the corporation's stock. Since Starr's tax basis in Packer stock is now $9,500, the $8,000 cash distribution does not exceed this amount. Therefore, the entire $8,000 distribution is not includible in Starr's gross income.
In summary, Packer Corp.'s $1,000 net business loss reduced Starr's tax basis in the S corporation stock to $9,500, and the $8,000 cash distribution did not exceed this basis. As a result, none of the distribution is includible in Starr's gross income for the current year.
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Apply the Porter Generic Strategy Model using the facts given in the case below:
The Case
There are two leading Australian specialty retail department stores, namely Myer and David Jones. Both are well-established in the major Australian cities and both have good quality branded clothing ranges. The future looks bright for both from a demographic perspective, with rising population and per capita income levels in Australia. The market for such specialty department stores has been growing at around 7% per annum, which has exceed the growth of standard department stores, which was just 2%. David Jones was acquired in 2014 by South Africa’s Woolworths group for A$2.1billion. Woolworths also acquired the Country Road brand.
David Jones’s differentiation strategy has since been fine-tuned. Iain Nairn, who was CEO at the time of the take-over, claimed that change was necessary to take advantage of the huge potential market because David Jones was perceived to have ‘lost its way’. He introduced a few strategic initiatives in an effort to set David Jones apart from its biggest rival in Australia, Myer. Those included:
Using credit card data to improve promotions and sales
Offering incentives to staff
Focusing more on Asian consumers
Upgrading the stores décor and functionality (a A$400million investment)
Including Country Road inside the David Jones stores
Including more specialty brands within David Jones locations, including Witchery and Mimco. (private label brands carry a higher profit margin)
Better service at more attractive shops will most-likely attract more customers. But Myer is doingthe same, so the race is on. Nairn has been succeeded by John Dixon, a veteran of British retailer, Marks and Spencer. Dixon set about improving David Jones’s food business, believing it would encourage customers to remain in-store across lunch time if he made food halls more exciting, with different aromas to attract people like a magnet. He sees David Jones as being the quintessential Australian specialty department store.
Answers
According to the information provided, David Jones has implemented several strategic initiatives to differentiate itself from its rival, Myer.
These initiatives include:
1. Using credit card data to improve promotions and sales: By analyzing customer data, David Jones can better understand its customers' preferences and tailor its promotions and sales strategies accordingly. This allows them to provide a more personalized shopping experience and potentially increase customer loyalty.
2. Offering incentives to staff:
By incentivizing their staff, David Jones aims to improve customer service and ensure that customers have a positive experience in their stores. This can lead to increased customer satisfaction and repeat business.
3. Focusing more on Asian consumers: Recognizing the growing importance of the Asian market, David Jones is targeting Asian consumers through marketing campaigns and by offering products and services that cater to their preferences and needs.
4. Upgrading the stores' décor and functionality:
With a significant investment of A$400 million, David Jones is enhancing the aesthetics and functionality of its stores. This can create a more attractive and enjoyable shopping environment, which may entice customers to choose David Jones over its competitors.
5. Including Country Road and specialty brands within David Jones stores:
By incorporating popular brands like Country Road, Witchery, and Mimco, David Jones can offer a wider range of products to attract different customer segments. Private label brands also carry a higher profit margin, which can contribute to the company's financial success.
Overall, these strategic initiatives aim to differentiate David Jones from Myer by improving customer service, targeting specific customer segments, and enhancing the overall shopping experience. While Myer is also implementing similar strategies, David Jones is focusing on continuous improvement and remaining relevant as a specialty department store.
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Work Context section for Police Patrol Officers. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Police Patrol Officers? Check all that apply.
in an open vehicle or equipment
deal with unpleasant or angry people
contact with others
in an enclosed vehicle or equipment
deal with external customers
spend time keeping or regaining balance
Answers
Answer:
B,C,D,F
Explanation:
A chord of a circle is l cm long. The distance of the chord to the center of the circle is h cm and the radius of the circle is r cm. express r in terms of l and h
Answers
Answer:
http://www.mrbartonmaths.com/resources/GCSE%20Revision/GCSE%20Maths%20Takeaway/4.%20Grades%20B%20to%20A-star/107.pdf
Explanation:
THis is published by me....
What animal did traders use to travel across the Sahara desert?
Answers
Traders who traveled across the Sahara desert used camels as their mode of transportation.
Camels are well-suited for desert travel due to their ability to go for long periods without water and their ability to carry heavy loads. The camels were also used as a source of food and milk for the traders. These animals were crucial to the survival of traders who braved the harsh conditions of the Sahara in order to trade goods such as salt, gold, and ivory.
The use of camels revolutionized trade in the Sahara and enabled traders to travel greater distances and carry heavier loads than ever before. Even today, camels remain an important part of the economy and culture of the Sahara region.
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In a few sentences, explain what it means to be
financially responsible.
Answers
Answer:
Being financially responsible means you are earning more than you are spending. You should also create a budget to track income and expenses, and do what you can to always pay bills on time.
the purpose of integrated marketing communication is to
A.) deliver a consistent message about the organization or brand through multiple channels
B.) ensure that multiple types of marketing pieces are targeted to the appropriate market
C.) advertise a brand to multiple market segments using mass-marketing techniques
D.) send e-mails and texts, and use the organization's website to share special product offers
Answers
Answer:
im going with A
Explanation:
Consider the following simplified financial statements for the wesney corporation (assuming no income taxes): income statement balance sheet sales $ 39,400 assets $ 29,200 debt $ 9,400 costs 34,700 equity 19,800 net income $ 4,700 total $ 29,200 total $ 29,200 the company has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well. Create the pro forma statements and reconcile them. (input all amounts as positive values. Do not round intermediate calculations. )
Answers
The pro forma financial statements project the future financial performance of the company, assuming a 15% increase in sales and all other items on the balance sheet. These statements are useful in making financial decisions such as budgeting, forecasting, and investment analysis.
Pro forma financial statements are projected financial statements that indicate the expected future performance of a company. In this case, we need to create pro forma income statement and balance sheet for Wesney Corporation assuming a 15% increase in sales and all other items on the balance sheet.
The pro forma income statement can be created by multiplying each item on the income statement by 1.15 to reflect the 15% increase in sales. Thus, the projected sales, costs, and net income will be $45,310, $39,905, and $5,405 respectively.
The pro forma balance sheet can be created by multiplying each item on the balance sheet by 1.15. The projected total assets, total debt, and total equity will be $33,580, $10,810, and $22,770 respectively.
To reconcile the pro forma financial statements, we need to ensure that the balance sheet equation balances. The equation is: Assets = Liabilities + Equity. By summing up the projected total liabilities and equity, we get a total of $33,580, which is equal to the projected total assets.
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Noriko analyzes ways to create and improve computer systems.
Boris helps people who are having difficulty using computers.
Lane writes code for operating systems.
Jewel tests software to identify problems.
Carla fixes and maintains databases.
Ignacio plans, organizes, and oversees information technology projects.
Answers
Answer:Brian uses ultrasound technology to create images of a patient’s liver and kidneys.
Nigel performs tests on a patient to get information about how his heart is working.
Krystal analyzes X-rays to determine whether a patient has a broken arm.
Explanation:
Answer:
A. B. F.
Explanation:
Edge
According to the video, what are some decisions that Architects make? Check all that apply. how much money a building will be worth when finished what traffic patterns people will follow how people will feel when they enter or leave a building how many laborers are needed for a project where to put doors, walls, and windows what building materials to use which people will be allowed to enter a building
Answers
Answer:
2,3,5,6
Explanation:
Answer:
other guy is correct
Explanation:
It is time for you to schedule a dental checkup. The responsible thing to do is to _____.
Make the appointment for first thing in the morning so you can enjoy the entire day off work.
Make the appointment for during lunch time so you work can take a long lunch
Make the appointment for Friday afternoon so you only miss half a day's work
Make the appointment either before or after work in such a way that it has little or no effect on your work schedule
Answers
Answer:
Make the appointment for first thing in the morning so you can enjoy the entire day off work.
Explanation:
Shroden is a consumer goods manufacturer. It manufactures cookies, batteries, toothpaste, and soap. In the context of operations management, the goods manufactured by Shroden are its _____.
Answers
Answer:
inventory
Explanation:
Every item that is produced or purchased by the business in order to resell it and earn profit through it as a normal purpose of business, is considered as inventory.
In the given instance, Shroden manufactures consumer goods, like cookies, batteries, etc:
And since he targets to sell them and earn profit, all these manufactured products is the inventory of his business.
Trisha is a single, 35-year-old professional who bought shares for $3,000 in a start-up company. She did that because
she knows the potential benefits and can tolerate the potential disadvantages of that investment
she knows moderate investing guarantees higher returns in the short-term
she knows new companies have government protections against losses
she wants to choose a less risky option at her current situation
Answers
Answer:
she knows the potential benefits and can tolerate the potential disadvantages of that investment
Explanation:
Generally buying stocks in a start-up is extremely risky, but can also be extremely profitable. Since Trisha is young and should be earning a medium to high salary, she can afford losing her investment. The risk is huge, but some can tolerate that risk, e.g. imagine a person who bought $3,000 of Amazon's stock 20 years ago is probably made more than a million by now.
Felicity earns $39.990 per year in take-home pay. What is the most money a
housing expert would advise her to spend on a monthly mortgage payment?
A. $987.24
B. $3990.00
C. $833.13
D. $666.50
Answers
Answer:
C. $833.13
Explanation:
Home experts advocate for the 28/36 rule. As per this rule, total household expenditure on debts, including mortgages, should not exceed 36 % of monthly gross income. Monthly spending on mortgages should not exceed 28% of monthly income.
Felicity annual income = $39,990
Monthly income = $39,990/12
monthly income =$3,332.50
The maximum amount to be spent on mortgages
= 28% of $3,332.50
=28/100 x 3,332.50
=$933.1
Felicity should not spend more than $933.1 on the mortgage alone
From the options provided, $833.13 should be the recommended amount
Pleaseeeeeeeeeee follow on the gram at FelineKrew!!!!
Answers
Answer:
yesh maaam.. or sir
Explanation:
HEY PLS DON'T JOIN THE ZOOM CALL OF A PERSON WHO'S ID IS 825 338 1513 (I'M NOT SAYING THE PASSWORD) HE IS A CHILD PREDATOR AND A PERV. HE HAS LOTS OF ACCOUNTS ON BRAINLY BUT HIS ZOOM NAME IS MYSTERIOUS MEN.. HE ASKS FOR GIRLS TO SHOW THEIR BODIES AND -------- PLEASE REPORT HIM IF YOU SEE A QUESTION LIKE THAT. WE NEED TO TAKE HIM DOWN!!! PLS COPY AND PASTE THIS TO OTHER COMMENT SECTIONS!! (please dont report)
Which type of ma plan is an hmo plan that also covers some benefits out-of-network, generally at a higher cost?.
Answers
The type of ma plan is an hmo plan that also covers some benefits out-of-network, generally at a higher cost is: Private Fee-for-Service (PFFS), Medicare Supplement Insurance Plan.
What is medicare advantage plan?Medicare advantage plan can be defined as a health insurance coverage plan that help to cover the medical costs of people under the plan.
The type of Medicare advantage plan that also covers some benefits out-of-network are:
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Preparing adjusting entries (annual)-unearned revenue LO4 Splish Splash Art is a centre that offers children's music and dance lessons. Splish Splash prepares annual financial statements and has a December 31, 2020, year-end. a. On September 1, Splish Spash Art collects $15,000 cash for dance lessons running from September 1, 2020 to December 31, 2020. b. On October 1, Splish Splash Art collects $5,000 cash in advance from the Music Box Inc. ($2,500 per month) to rent its performance stage for the full month of December 2020 and January 2021. c. On October 1, 2020, Splish Splash Art collects $5,000 cash for four months of music lessons for a local private school. The lessons run from October 1, 2020 to January 31, 2021. Required For each transaction, record the initial journal entry and the adjusting entry required on December 31, 2020.
Answers
Transaction a: Initial journal entry Cash 15,000
Unearned Revenue 15,000 Transaction b: Initial journal entry: Cash 5,000 Unearned Revenue 5,000 Transaction c:
Initial journal entry: Cash 5,000 Unearned Revenue 5,000
Adjusting entry on December 31, 2020: Unearned Revenue 11,250 Revenue 11,250 Splish Splash Art received $15,000 in cash on September 1, 2020, for dance lessons running from September 1 to December 31, 2020. The initial journal entry records the cash received as a debit to Cash and a credit to Unearned Revenue. On December 31, 2020, an adjusting entry is required to recognize the portion of revenue that has been earned. The adjusting entry decreases Unearned Revenue by $3,750 (one-fourth of $15,000) and increases Revenue by the same amount.
Adjusting entry on December 31, 2020: Unearned Revenue 2,500 Revenue 2,500 Splish Splash Art collected $5,000 in cash on October 1, 2020, from Music Box Inc. for renting its performance stage for the full month of December 2020 and January 2021. The initial journal entry records the cash received as a debit to Cash and a credit to Unearned Revenue. On December 31, 2020, an adjusting entry is needed to recognize the portion of revenue that has been earned.
Since only one month of the service has been provided (December), the adjusting entry decreases Unearned Revenue by $2,500 and increases Revenue by the same amount.
Adjusting entry on December 31, 2020: Unearned Revenue 1,250 Revenue 1,250 Splish Splash Art collected $5,000 in cash on October 1, 2020, for four months of music lessons for a local private school, running from October 1, 2020, to January 31, 2021. The initial journal entry records the cash received as a debit to Cash and a credit to Unearned Revenue. On December 31, 2020, an adjusting entry is necessary to recognize the portion of revenue that has been earned.
Since three months of the service have been provided (October, November, and December), the adjusting entry decreases Unearned Revenue by $3,750 (three-fourths of $5,000) and increases Revenue by the same amount.
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Kellogg's Company and General Mills compete in the consumer packaged goods (CPG) sector. Refer to the following 2018 financial data for the two companies to answer the requirements S millions Total revenue Cost of sales and services Average accounts receivable Average inventory Average accounts payable GIS $13,140.6 515.2682 8,821.0 10.312.9 1,382.0 1.5572 1,273,5 1.5629 2.277.6 2.360.0 a. Compute the following measures for both companies Note: Do not round until your final answers, Round your final answers to two decimal places (for example, enter 6.78 for 6.775555). K GIS 0 1. Days sales outstanding (OSO) 2. Days inventory outstanding (DID) 3. Days payables outstanding (DPO) 4. Cash conversion cycle (CCC) 0 0 0 0 0 . b. Which company better manages its accounts receivable? c. Which company uses inventory more efficiently? d. Which company better manages its accounts payable? She
Answers
a. Compute the following measures for both companies: Days sales outstanding (DSO) can be calculated using the following formula: DSO = (Average Accounts Receivable / Net Credit Sales) * Number of Days.
K GIS Net Credit Sales $13,900.0 $13,140.6 Days in the year 365 365 DSO = (Average Accounts Receivable / Net Credit Sales) * Number of Days 0 30.59
Days inventory outstanding (DIO) can be calculated using the following formula: DIO = (Average Inventory / Cost of Goods Sold) * Number of Days
K GIS Cost of Goods Sold $9,030.0 $5152.682 Days in the year 365 365 DIO = (Average Inventory / Cost of Goods Sold) * Number of Days 0 68.68
Days payables outstanding (DPO) can be calculated using the following formula: DPO = (Average Accounts Payable / Cost of Sales) * Number of Days
K GIS Cost of Sales $6,727.8 $5152.682 Days in the year 365 365 DPO = (Average Accounts Payable / Cost of Sales) * Number of Days 38.04 66.73
The cash conversion cycle (CCC) can be calculated using the following formula: CCC = DSO + DIO – DPO
K GIS CCC 0 32.54
b. Kellogg's better manage its accounts receivable as its DSO is 0.
c. General Mills uses inventory more efficiently as its DIO is 68.68.
d. Kellogg's better manage its accounts payable as its DPO is 38.04.
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The Galindo family plans to start a small business in our neighborhood. The father
borrows $10,000 from the bank at an annual interest rate of 7.5% rate for 42
months. What is the amount of interest he will pay on this loan?
$26.25
$26,250
$262,500
$2,625
Answers
Answer:
$2,625
Explanation:
Interest is calculated using the formula
I = p x r x t
For Galindo family
I= interest,
P = principal amount : $10,000
r= Interest rate: 7.5 % or 0.075
t= times in years : 3.5 years( 42 months /12)
I= $10,000 x 0.075 x 3.5
I=750 x 3.5
I=$2,625
Which of the following are common cash equivalents? (Select all that apply.) a) bond investments b) commercial paper c) treasury bills d) accounts receivables.
Answers
Bond investments and accounts receivables are not considered common cash equivalents. The common cash equivalents are: b) commercial paper c) treasury bills.
Common cash equivalents include instruments that are highly liquid, easily convertible to cash, and have a short-term maturity (usually three months or less). Based on the provided options, the common cash equivalents are: b) commercial paper c) treasury bills. Cash equivalents, in general, are highly liquid investments in an entity’s balance sheet. They have a maturity of three months or less with high credit quality, and are unrestricted so that it is available for immediate use. They help the business meet immediate expenses or make short-term investments. Such assets include items like treasury bills, commercial papers, accounts receivable, marketable securities, etc, and is usually used to purchase inventory and meet operational expenses. A business records the cash inflow and outflow in the cash flow statement, which is actually the cash equivalents.
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The correct option is C, The common cash equivalents among the options provided are treasury bills.
Treasury bills, commonly referred to as T-bills, are short-term debt instruments issued by governments to raise funds for their financial operations. These securities are typically issued with maturities ranging from a few days to one year. Treasury bills are considered one of the safest investments since they are backed by the full faith and credit of the issuing government.
Investors purchase T-bills at a discount from their face value, and upon maturity, they receive the full face value. The difference between the purchase price and the face value represents the investor's return or interest on the investment. Since T-bills are sold at a discount, their yield is calculated based on the discount rate.
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what is marketing
please answer if u know,i will mark brainiest
Answers
Answer:
Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products to consumers or other businesses. Some marketing is done by affiliates on behalf of a company.
hope it helps!
can anyone please help me please
Answers
Answer:
1. extracurricular
2. cocurricular
3. curricular
4. curricular
5. cocurricular
Explanation:
1. Daniel doing community service by cleaning up outdoor trails is an extracurricular activity because it doesn’t have nothing to do with his academics/school.
2. Debra participating in a hospital program for nursing students is cocurricular because she is practicing techniques she learned in her nursing class.
3. Rhett taking a foreign language class at his middle school is curricular because this is a class Rhett takes at school.
4. You are correct. Ernestina taking a photography class in school is curricular because this class takes place at her high school.
5. Brant joining a student organization for future teachers is cocurricular because he is studying to be a teacher.
royce corp's sales last year were $280,000, and its net income was $23,000. what was its profit margin?
Answers
Royce corp's sales last year were $280,000, and its net income was $23,000. 8.21%, was its profit margin.
What is profit margin?The term profit margin refers to the measure in the present of the profitability. It was the profit as a percentage of the revenue. It was the financial ratio is the percentage of sales.
The given amount by,
sales = $280,000net income = $23,000profit margin = ?Profit margin = Net income/Sales
Profit margin = 23000 / 280,000
Profit margin = 8.21%
As a result, the significance of the profit margin are the aforementioned. Therefore, option (c) is correct.
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Your question is incomplete, but most probably the full question was
a. 6.41%
b. 6.98%
c. 8.21%
d. 10.02%
Question 3 of 25
Which of the following statements best explains why some people get life
insurance and others don't?
A. Life insurance is a cost that has no direct benefit.
B. Some people have more than one life-insurance policy.
C. Different people are willing to face different kinds of risks.
D. Some life insurance companies go out of business before you die.
Answers
You learned about the various types of information systems that revolve around the different data, knowledge, information, and decision-making activities at different levels in the organization. In this activity, identify and explain any three types of information systems related to specific functional areas of business that this lesson hasn’t mentioned.
Answers
An information system is a coordinated group of parts used to gather, store, and process data as well as to deliver knowledge, information, and digital goods. Information systems include the following, decision support system, transaction processing system, management information system.
Types of information systems includeDecision support system: A decision support system is an information system that analyzes business data and other information relevant to the firm.
Transaction processing system: The process of collecting, modifying, and retrieving transactions is automated by the transaction processing system. This type of information system's particular characteristic is that it improves the efficiency, dependability, and consistency of commercial transactions.
Management information system: The management information system helps managers. such as measuring and analyzing business performance, making choices, creating a business plan, and establishing processes. By examining the roles and duties, it also gives managers feedback.
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A government agency is putting a large project out for low bid. Bids are expected from ten contractors and will have a normal distribution with a mean of $3.6 million minimum bid. Place "Mean" and "Std Dev" in column A in rows 1 and 2, respectively, and place their corresponding values in column B. Place the column headers "Bid 1", "Bid 2", and so on out to "Bid 10" in cells C1, D1, and so on out to L1, respectively. To generate random numbers for the first bid, in the cells in the "Bid 1" column, enter the formula =NORM.INV( RAND() ,\$B\$1,\$B\$2) in the cells in column C below C1. To generate random numbers for the remaining bids, enter the exact same formula in the cells in columns D through L below row 1. To determine the winning bid for the bids in row 2, enter the column header "Winner" in cell M1, and enter the formula =MIN( C2: L2 ) in cell M2. Winners for other rows can be calculated using a similar formula with the same column letters but incrementally-increasing row numbers. set of winning bids. The mean of the distribution of minimum bids will be ∣ distribution of minimum bids will be the mean of the distribution of all bids, and the standard deviation of the will be
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A government agency is putting a large project out for low bid. Bids are expected from ten contractors and will have a normal distribution with a mean of $3.6 million minimum bid.Mean and Std Deviation are given values for the distribution of bids from ten contractors.
The mean of minimum bids equals the mean of all bids and the standard deviation of minimum bids equals that of all bids.Using the given data, the formula for generating random numbers for the first bidis`=NORM.INV(RAND(),$B$1,$B$2)` in the cells in column C below C1.To generate random numbers for the remaining bids, enter the exact same formula in the cells in columns D through L below row 1.The formula for determining the winning bid for the bids in row 2 is =MIN(C2:L2) in cell M2. Winners for other rows can be calculated using a similar formula with the same column letters but incrementally-increasing row numbers.The mean of the distribution of minimum bids will be $3.6 million, and the standard deviation of the distribution of minimum bids will be equal to that of the distribution of all bids.
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According to the Caux Principles for Business, the ethical ideal of kyosei means
A. create an ethical climate in the organization.
B. managers can benefit their organizations by growing profits as well as behaving ethically toward stakeholders.
C. living and working together for the common good.
D. Unethical corporate behavior reveals a company culture that is ethically lax.
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The Caux Principles for Business are based on the Japanese concept of kyosei, which relates to the ethical ideal of "living and working together for the common good."
What was the main objective of the Caux guidelines for ethical business?The ethical standards for proper business conduct are outlined in the Caux Round Table (CRT) Principles for Responsible Business. Free markets are supported by trust and confidence, and the foundation for this trust and confidence is provided by ethical business practises.
What nation does the Caux Round Table's code of ethics evolve?Initiatives of Change Switzerland continues to fund and host events on ethical leadership in business, preserving the legacy of the Caux Round Tables.
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