Answer:
$281,000
Explanation:
According to the scenario, computation of the given data are as follow:-
Total Cost Under the Weighted Average Method = Cost of Unit Transferred Out from the Department + Ending Work in Process Inventory
= $246,000 + $35,000
= $281,000
According to the analysis, In April the total cost to be accounted under the weighted-average method is $281,000.
Peerless Corporation (a U.S. company) made a sale to a foreign customer on September 15, for 119,000 crowns. It received payment on October 15. The following exchange rates for 1 crown apply: September 15$0.61 September 30 0.65 October 15 0.60 Prepare all journal entries for Peerless in connection with this sale, assuming that the company closes its books on September 30 to prepare interim financial statements.
Answer:
Exchange rate on September 15: 1 Crown = $0.61; 119,000 Crown = (119,000*$0.61) = $72,590.
September 30 = (119,000*0.65) = $77,350.
October 15 = (119,000*$0.60) = $71,400.
JOURNAL ENTRY
Date Account Debit Credit
15-Sep Account receivable $72,590
Sales $72,590
(Sale to a foreign customer for 119,000 crown Exchange rate = $0.61)
30-Sep Account receivable $4,760
Foreign currency exchange gain $4,760
($77,350-$72,590)
15-Oct Foreign currency exchange loss $5,950
Account receivable $5,950
($71,400-$77,350)
Cash $77,350
Accounts Receivable $77,350
what amount of Capital could be raised by Transnet
The amount of capital that Transnet is said to be able to raise is put at R100 billion business by 2020.
What is Transnet?This is the name of a railroad company that was established in South Africa. The company is known for the fact that it is a port, a rail and a pipeline company in the nation.
According to the goals of the company, there goal is to grow the business to have a R100 billion business by 2020. This business is a limited liability company that is owned majorly by the Department of Public Enterprises of South Africa. The government of the country are known to be the sole share holder that the business has in the nation.
So based on the question that we have here we can conclude that the The amount of capital that Transnet is said to be able to raise is put at R100 billion business by 2020.
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Blue Corporation is a manufacturing company which has decided to introduce a new line of merchandise on January 25, 2019. The company has experienced significant revenue and earnings growth in recent years and anticipates future growth to decline slightly, yet remain consistent with the strong industry average (10-15% annual revenue growth). Blue has incurred certain patent costs and considerable attorney fees, in addition to survey costs, management studies, salaries, insurance, and quality inspections.
Given the three alternative methods for handling research and experimental expenditures, which method(s) would be most appropriate for Blue Corporation? Explain Why? How should Blue Corporation’s manufacturing expenditures be reported?
Answer:
Throughout the clarification category following the table, the definition of the concern is listed.
Explanation:
(1)
Quantitative surveys will now be the safest approach.
Questionnaire fees including patent fees become traceable as research spending, and progress is in estimates. This approach is used where a numerical production that helps to address analysis questions needs to be established. If one wants a concrete statistic to justify the study, it is a very effective market research tool.(2)
The cost incurred shall be recorded in compliance with IND AS 38 if because when the study, as well as surveys, are performed.
Listed below are selected transactions of Schultz Department Store for the current year ending December 31.
1. On December 5, the store received a deposit from the Selig Players to be returned after certain furniture to be used in stage production was returned on January 15. $ 500
2. During December, cash sales were received, which include the 5% sales tax that must be remitted to the state by the fifteenth day of the following month. $ 798,000
3. On December 10, the store purchased for cash three delivery trucks. The trucks were purchased in a state that applies a 5% sales tax. $ 120,000
4. The store sold 25 gift cards for $100 per card. At year-end, 20 of the gift
cards are redeemed. Schultz expects three of the cards to expire unused.
Number of gift cards sold 25
Value of each gift card $ 100
Number of cards unredeemed at year-end 20
Number of cards expected to expire unused 3
Instructions
Prepare all the journal entries necessary to record the transactions noted above as they occurred and any adjusting entries relative to the transactions that would be required to present fair financial statements at December 31. Date each entry. For simplicity, assume that adjusting entries are recorded only once a year on December 31.
NOTE: Enter a formula, a cell reference, or a value (if you are unable to reference a cell), into the yellow shaded input cells.
Debit Credit
1. Dec.5
2. Dec. 1 - 31
3. Dec. 10
4. Dec. 31
Dec. 31
The journal entry of Department Store for the current year ending December 31 is given below:
What are journal entries?Journal entries are the entries made to document the transactions carried out by the company. The books of accounts have a record of every dollar that comes in and goes out. The transactions that are documented are in the book of accounts and are examined and audited for surplus payments or deficits, which are the most frequent errors to be discovered over recording, after they have been made. Below are the diary entries related to the context that are attached.
Date Particular Amount (Dr) Amount(Cr)
1 Dec 2005 cash 500 500 2 Dec 31 cash 798,000
Sales 760,000
Sales Taxes Payable 38,000
(Being sales recorded)
3. Dec 10 Delivery Truck 126,000
cash 126,000 4. Dec 31 cash 126000
Sales 2500
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The founders of "Black Lives Matter" would be consider
according to your textbook.
1)Social activists
2)justice Warriors
3)Social warriors
4)Social entreprenures
Answer:
4)Social entreprenurers
Why should a global marketing manager consult local attorneys in other countries before creating a marketing campaign abroad?
Consider the organization you are currently working in and explain this organization from systems characteristics perspectives particularly consider objective, components (at least three) and interrelationships among these components with specific examples
Explanation:
I don't have direct knowledge of the organization you are currently working in. However, I can provide a general example to help illustrate the systems characteristics of an organization. Let's consider a fictional manufacturing company called "ABC Manufacturing."
Objective:
The objective of ABC Manufacturing is to efficiently produce and deliver high-quality products to its customers while maximizing profitability. The organization aims to maintain a competitive edge in the market by consistently meeting customer demands and optimizing its operations.
Components:
1. Human Resources: The employees of ABC Manufacturing form a crucial component. They include production workers, managers, engineers, and support staff. Each employee contributes their skills and expertise to ensure smooth operations. For example, production workers assemble products, engineers design new prototypes, and managers oversee the overall functioning of the organization.
2. Production Facilities: The physical infrastructure, including factories, warehouses, and equipment, is another vital component. These facilities house the production lines, machinery, and storage areas necessary for manufacturing products. The efficient functioning of the production facilities is essential to meet production targets and ensure the timely delivery of goods.
3. Supply Chain and Logistics: The supply chain component involves managing the flow of materials, resources, and finished products. This includes sourcing raw materials, coordinating with suppliers, inventory management, and distribution logistics. Effective supply chain management ensures that the right materials are available at the right time, minimizing delays and reducing costs.
Interrelationships among Components:
The components of ABC Manufacturing are interrelated and interconnected, forming a system that works together to achieve the organization's objectives. Here are a few examples of interrelationships among these components:
1. Human Resources and Production Facilities: The production facilities rely on the skills and efforts of the employees. Human resources ensure that the right talent is hired, trained, and deployed in the production process. They also provide support and maintenance services to ensure the smooth functioning of the production facilities.
2. Production Facilities and Supply Chain: The production facilities rely on the timely availability of raw materials from the supply chain. Efficient coordination between production and supply chain teams is necessary to maintain optimal inventory levels and avoid production delays.
3. Supply Chain and Human Resources: The supply chain team collaborates with human resources to forecast demand, plan workforce requirements, and align production schedules accordingly. Effective communication and coordination between these components ensure that the production process meets customer demand and avoids excessive inventory or stockouts.
By viewing ABC Manufacturing through a systems perspective, we recognize that the organization is a complex interplay of various components working together to achieve a common objective. Understanding the interrelationships and dependencies among these components helps in identifying areas for improvement and optimizing the overall performance of the organization.
Answer:Dashen Bank s.c is a company where I am working in it. The company’s objective is to maximize its profit and become from the lists in best class banks in Africa. To achieve this objective it has its own system which contains the following components
• A banking software called FLEXCUBE which is the core software which accomplishes the majority of the banking day to day activities e.g. cash withdrawal, cash deposit, account opening general leger account postings etc.
• CATPS(card application tracking and processing system) is a component of a system which is used to capture ATM card applications and authorize the processed/ captured applications in order to produce the cards
• Amole admin/internet banking application is used to create an access to the customers such that user name and passwords and and link bank accounts so customers can transfer money, make payments at home.
The above listed components have interrelation each other. E.g. in order to produce cards using CATPS, the customer must have a bank account with precise customer data such that signature, photo etc. so these stated things i.e. account opening, signature and photo uploading activities are processed by FLEXCUBE software. In the same manner, in order to get an access to the bank account using amole/ internet banking, the customer must have properly opened bank account with customer signature and photo which is also processed by using FLEXCUBE software.
A stock has had returns of 17.82 percent, 12.42 percent, 6.51 percent, 28.18 percent, and −14.04 percent over the past five years, respectively. What was the holding period return for the stock?
Returns of the stock over the past five years is 55.44%.
According to the question,
Given that,
Returns of the stock over the past five years = 17.82 percent, 12.42 percent, 6.51 percent,28.18 percent, and −14.04 percent.
The holding period return for the stock=
=[(1 + R1) (1 + R2) (1 + R3) (1 + R4) (1 + R5)] − 1
= [(1 + .1782) (1 + .1242) (1 + .0651) (1 + .2818) (1 − .1404)] − 1
= .5544, or 55.44%.
A stock, usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle its owners to a share of the company's assets and income in proportion to the number of shares they possess.
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What are the implications of CIC’s approach to staffing project teams? Is the company using project teams as training grounds for talented fast-trackers, or as dumping grounds for poor performers? How would you advise the CEO to correct the problem? Where would you start? Discuss how issues of organizational structure and power played a role in the manner in which project management declined in effectiveness at CIC.
Answer:
In simple words, This situation is premised on the genuine narrative of a productive institution that has permitted its operation managerial procedures to devolve to the juncture where assignment to something like a development team has often been a sign of deference as well as a symbol of a delayed termination.
The case includes problems of morale, structural impact on programs, and recruitment of the development team. It allows students the chance to see just how, if left untreated, specific behaviour patterns by senior managers and many others in the institution can operate against use of working groups to enhance employee profitability, but instead just make them an unloading ground for discontent and bad employees.
What do researchers mean by "secondary data"?
OA. Data collected after any research to gather primary data
OB. Data considered less important than primary data
OC. Data collected specifically for the researcher's own study
OD. Information from research already conducted for another purpose
The statement do researchers mean by "secondary data" is: OD. Information from research already conducted for another purpose.
What is secondary data?Government papers, scholarly publications, surveys, databases and other previously done research are just a few examples of the sources from which secondary data may be derived.
To find answers to their own research questions or to obtain new insights into a particular area of interest, researchers analyse and interpret this current data. Researchers might avoid spending the time and money necessary for gathering primary data by employing secondary data instead.
Therefore the correct option is D.
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A team leader sees that a colleague is struggling to finish a project because he has his son’s upcoming biopsy on his mind. She sits down to ask him how he is feeling about the procedure. This is an example of consideration behavior. true or false?
It is true that if a A team leader sees that a colleague is struggling to finish a project because he has his son’s upcoming biopsy on his mind. this is a consideration behavior.
What is a consideration behavior?
This is the term that is used to refer to all of the behaviors that can be considered to be supportive and also friendly to other people. This is the person that seeks and tries to understand other people.
Hence the way that the leader goes about to talk to the colleague on the issue that he is facing in his family tells us that she is a considerate person.
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List five franchise dominated companies that have disappeared completely in the last twenty years and explain why they failed.
The five franchise dominated companies that have disappeared completely in the last twenty years are:
Wow Air Henri BendelCharming CharliePayless Alta Motors What was the reason they failed?Wow Air is know to be an Airline that gives cheap flights but they had issues with regards to profitability and the rising cost of buying fuel and other minor factors that made them to shut down operations.
Henri Bendel is known to be one that closed its business in 2019 sue to decline in sales as well as lack of customer interest.
Charming Charlie was known for its accessories and was said to have went bankrupt in 2019. In 2017 due to consistent reduction of physical consumer traffic.
Payless footwear chain closed its business in 2017 and filed for bankruptcy and this is been market been taken over by competition.
Alta Motors, which was an electric motorcycle maker was unable to raise fund from investors and thus had to fold up.
Therefore, The five franchise dominated companies that have disappeared completely in the last twenty years are:
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Horatio Alger has just become product manager for Brand X. Brand X is a consumer product with a retail price of $1.00. Retail margins on the product are 33%, while wholesalers take a 12% margin. Brand X and its direct competitors sell a total of 20 million units annually; Brand X has 24% of this market. Variable manufacturing costs for Brand X are $0.09 per unit. Fixed manufacturing costs are $900,000. The advertising budget for Brand X is $500,000. The Brand X product manager's salary and expenses total $35,000. Salespeople are paid entirely by a 10% commission. Shipping costs, breakage, insurance, and so forth are $0.02 per unit.
a). What is the unit contribution rounded to whole pennies?
b). What is the break-even point in whole units?
c). What market share, as a percentage, is needed to break even?
Answer:
400
Explanation:
bc i did it on a calculator
what professional level security certification requires five years of experience and is designed to focus on an applicant's security-related managerial skills?
The Certified Information Systems Security Professional certification is at the professional level and calls for five years of work experience. It is intended to highlight managerial abilities in security.
What does an information systems security professional with certification do?A secure company environment employing internationally recognized security standards is designed, built, and maintained as part of the CISSP certification. Additionally covering industry best practices, this program will get you ready for the CISSP certification test.
A worldwide accepted benchmark for cyber security experts is the Certified Information System Security Professional (CISSP). The individuals responsible for ensuring network security for your company are the IT security experts.
How valuable is IT's CISSP certification?The CISSP certification is very significant since it gives cyber security professionals the knowledge and expertise they need to use in their professional lives. The extra advantages you receive from having a CISSP certification are unparalleled.
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You call a coworker to see if they can come help you solve a problem
When Coca Cola decided to change their brand name from Coca cola to Coke; this was mainly a:
A. Segmentation decision
B. Product decision
OC. Repositioning decision
D. Promotional decision
O E. Positioning decision
Answer:
I would assume B
Explanation:
they changed their brand name so that would be a product decision
a recent annual report of hilton worldwide holdings inc. (hlt) and marriott international inc. (mar) provided the following occupancy data for two recent years:
a) The occupancy trend for Hilton Hotels is positive. Over the year, the company increased occupancy from 72.2% to 74.6%, a 2.4% point increase.
b) The occupancy trend is favourable for Marriott International. The company improved occupancy from 71.3% to 73.3%, or a 2.0% point increase over the year.
c) Hilton Hotels
d) Average Daily price for which room night are sold.
Hilton Worldwide is a multinational hospitality company based in the United States that manages and franchises a diverse portfolio of hotels and resorts. Conrad Hilton established the corporation in May 1919, and Christopher J.
Hilton's headquarters are in Tysons Corner, Virginia. Its portfolio included 6,215 properties with 983,465 rooms in 118 countries.
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The complete question is given below
A recent annual report of Hilton Worldwide Holdings Inc. (HLT) and Marriott International Inc. (MAR) provided the following occupancy data for two recent years:
Year 2 Year 1
Hilton Hotels 74.6% 72.2%
Marriott International 73.3% 71.3%
Is the change in the occupancy rate favorable or unfavorable for Hilton Hotels?
explain the difference between production control and production planning
Answer:
Planning of the manufacturing process is deciding in advance what to do, how to do, when to do it and who is to do it. Controlling of the manufacturing process measures the digression of actual performance from the standard performance and takes corrective actions.
Explanation:
Al-Baida wants to buy a new machine with special purposes for an amount $ (1) million for the production of a product, and the economic life of the machine is (10) years, bearing in mind that there is no residual value for the machine at the end of its useful life. The company adopts the straight-line method in calculating the depreciation, and it is expected that the annual revenues from operating the machine will be 1,200,000 ID, and the annual expenses excluding taxes, (700,000 ID. If you know that the company adopts a discount rate of 12% The income tax rate is 30% for all years. Required: Calculate the following: .1. payback period. 2. Rate of accounting return on investment.
1. Payback period will be 2 years.
2. The rate of accounting return on investment for the machine is 35%.
To calculate the payback period, we need to determine the number of years it takes for the company to recover the initial investment of $1 million.
Step 1: Calculate the annual net cash flow.
Annual net cash flow = Annual revenues - Annual expenses excluding taxes
Annual net cash flow = $1,200,000 - $700,000 = $500,000
Step 2: Determine the payback period.
Payback period = Initial investment / Annual net cash flow
Payback period = $1,000,000 / $500,000
Payback period = 2 years
Therefore, the payback period for the investment in the machine is 2 years.
To calculate the rate of accounting return on investment, we need to determine the average annual net income generated by the investment.
Step 1: Calculate the average annual net income.
Average annual net income = (Annual revenues - Annual expenses excluding taxes) * (1 - Tax rate)
Average annual net income = $500,000 * (1 - 0.30)
Average annual net income = $350,000
Step 2: Calculate the rate of accounting return on investment.
Rate of accounting return on investment = Average annual net income / Initial investment * 100
Rate of accounting return on investment = $350,000 / $1,000,000 * 100
Rate of accounting return on investment = 35%
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Stones Corporation uses a predetermined overhead rate based on machine-hours to apply overhead to the manufacturing process. Last year, Stones incurred manufacturing overhead costs totaling $450,000 and used 100,000 machine-hours. This year, Stones estimated manufacturing overhead to be $550,000 and expected to incur 110,000 machine-hours. Stones actually incurred $575,000 of manufacturing overhead and incurred 120,000 machine-hours this year. What is the manufacturing overhead application rate
Answer: $5 per machine hour
Explanation:
Given the following :
Estimated manufacturing overhead cost = $550,000
Expected machine-hour to be incurred = 110,000
Actual manufacturing overhead = $575,000
Actual machine hour incurred = 120,000
The manufacturing overhead application rate:
Expected manufacturing overhead cost / Expected machine hour to be incurred
= $550,000 / 110,000 machine hour
= $5 per machine hour
Pd 4(A) Set 2 iz Question 7 (1 point) When investing in individual stocks, you should expect that... O a Stock prices for a company are relatively easy to predict d GRADES Next Page Back Unforeseen company events can have a dramatic impact on the stock price for a company You will have an informational edge by reading an article about a company you want to invest in Stock prices for an individual stock will be more stable over the long-term than prices for a diversified index fund S ✓ Sub Question 7 of 19 |
An investor should carefully consider their risk tolerance and investment goals before deciding whether to invest in individual stocks or index funds.
When investing in individual stocks, you should expect that unforeseen company events can have a dramatic impact on the stock price for a company. This is because the company's stock price reflects not only the company's current financial situation but also investors' expectations for the company's future performance.Unforeseen company events such as changes in leadership, new competitors, or regulatory changes can cause investors to reassess their expectations for the company's future performance, which can lead to fluctuations in the stock price.An investor should not expect that stock prices for a company are relatively easy to predict. This is because stock prices are influenced by a variety of factors, including company financial performance, economic conditions, market trends, investor sentiment, and geopolitical events. While some investors may try to predict stock prices using technical analysis or fundamental analysis, it is important to recognize that these methods have limitations and cannot guarantee accurate predictions.An investor can gain an informational edge by reading an article about a company they want to invest in. Reading articles about a company can provide valuable insights into the company's financial situation, growth prospects, and risks. However, it is important to recognize that reading articles is only one part of the investment process and should be supplemented by other sources of information, such as financial statements, analyst reports, and market data.An investor should not expect that stock prices for an individual stock will be more stable over the long-term than prices for a diversified index fund. In fact, individual stocks are generally more volatile than index funds because they are more susceptible to company-specific risks. By contrast, index funds are diversified across multiple companies and sectors, which can help to reduce overall portfolio risk.
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If an advertiser bids $4.75 CPM and another advertiser bids $0.50 per CPC with a click rate of 1%, the display network would award the ad space to A. the CPM bidder because the network would earn $4.75 versus only 50 cents with the CPC bidder BY. the CPM bidder since the network has no idea how many click throughs the CPM bidder will get C. the CPC bidder because the 1% click through rate would produce $5.00 over 1,000 impressions D. the CPC bidder because the $0.50 per click rate would produce an income of $50.00 versus only $4.75 for the CPM bidder
Answer: C. the CPC bidder because the 1% click through rate would produce $5.00 over 1,000 impressions
Explanation:
From the question, an advertiser bids $4.75 cost per thousand impressions (CPM) while another advertiser bids $0.50 per CPC with a click rate of 1%. Over 1000 impressions, the second advertiser bids will produce:
= $0.50 × 1% × 1000
= $0.50 × 0.01 × 1000
= $5
Based on the analysis above, the CPC bidder will be awarded the advertisement space because the 1% click through rate would give $5.00 over 1,000 impressions.
60 points
Include the following:: The name of the career Some information you learned from research Education a person needs to get this type of job Skills a person needs to get this type of job How people in this job use technology
pls help i will give branlyist
Human job talent is being devoured by machines. And it's not only about low-skilled, repetitive work. Recent studies have shown that automation, robotics, algorithms, and artificial intelligence (AI) .
What is Artificial Intelligence (AI) ?Artificial Intelligence (AI) can perform tasks as well as or sometimes even better than people, including those performed by dermatologists, insurance claims adjusters, lawyers, seismic testers in oil fields, financial and sports journalists, crew members of guided-missile destroyers, hiring managers, psychologists, retail salespeople, and border patrol agents.
Additionally, there is growing concern that upcoming technological advancements will eliminate the jobs of millions of people who operate automobiles, analyze medical tests and data, carry out middle management duties, dispense medication, trade stocks and assess markets, engage in combat on battlefields, carry out governmental duties, and even replace those who program software.
Numerous studies have shown that as programmed devices, many of which are smart, autonomous systems, increasingly permeate the workplace, a huge number of employment are at risk.
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when management's primary objective is the economic interests of shareholders, this is known as : A.philanthropy B.responsibility C. the strategic approach D.the pluralistic.
1. True or False? Current ratio is sometimes referred to as the liquidity ratio s pointe
and calculated by dividing current assets by current liabilities,
True
False
Answer:
I think it's true
Explanation:
I hope this can help
Question 5 of 10 Examine the supply and demand schedules for laptops. How much would a seller charge if he or she wanted to sell laptops for their equilibrium price? Price of laptops Quantity supplied O O O O A. $300 $400 $500 $600 $700 $300 $400 $500 $600 $700 $500 B. $700 C. $400 Price of laptops D. $300 100 300 500 700 900 Quantity demanded 450 300 200 150 125 SUBMIT it's C
Based on the supply and demand schedules for the laptops, if the seller wanted to sell their laptop at the equilibrium price, the price they would sell at is $400.
What price is the equilibrium price?The price that the seller wants to charge for their laptops is the equilibrium price. The equilibrium price in a market is the price at which the suppliers supply the same amount of goods that the consumers in the market want for that same price.
In the market for laptops, the equilibrium price would be $400. This is because at this price, the quantity supplied for laptops is 300 and the quantity demanded is 300 as well.
The seller would therefore sell at the price of $400 if they would like to sell at the equilibrium price.
In conclusion, the equilibrium price is $400.
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The commissioner obtains a restraining order against a person who has violated an insurance law. The person continues the violation for 10 days. The person has to pay a fine of, how much?
Based on the fact that the person continued to violate the restraining order, the fine that the person has to pay is $0.00.
How much should the person pay?When a restraining order is issued for insurance law, there is a period of 10 days that the fines would not take effect in.
This means that the person can keep committing the violation within those ten days without having to pay any fines so the amount this person will pay is $0.00.
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The BRS Corporation makes collections on sales according to the following schedule:
25% in month of sale
71% in month following sale
4% in second month following sale
The following sales have been budgeted:
Sales
April $ 180,000
May $ 110,000
June $ 100,000
Budgeted cash collections in June would be
Answer:
$110,300
Explanation:
June collections will comprise of
25% of June sales
71% of May sales
4% of April sales
25% of June sales
=25/100 x 100,000
=$25,000
71% of may sales
=71/100 x $110,00
=$78,100
4% of April sales
=4/100 x $180,000
=$7,200
Total June collections
=$25,000 + $78,100 +$7,200
=$110,300
SELECT AN ORGANISATION OF YOUR CHIOCE.
1.1 SUMMARISE THE NATURE OF BUSINESS
1.2 SUMMARISE THE BUSINESS MODEL
1.3 WHAT ARE THE KEY BUSINESS DRIVERS
2.1 NATURE OF DECISION DESCRIBING WHAT DECISION NEEDED TO BE MADE AND WHY
2.2 SUMMARISE HOW WAS THE DECISION MADE
2.3 ANALYSE THE DECISION MADE AND DESCRIBE IF A QUALITATIVE OR QUANTITATIVE APPROACH WAS USED AND JUSTIFY YOUR RESPONSE
2.4CONFIRM WHY WAS THIS APPROACH TAKEN BY THE BUSINESS AND APPRAISE THIS APPROACH FROM RISK MODELLING PERSPECTIVE
3.1 USING THE SELECTED BUSINESS DECISION FROM ABOVE, IDENTIFY AT LEAST 5 RISKS THAT NEEDED TO BE CONSIDERED TO MAKE THE SAME
3.2 USING THE RISK REGISTER IN THE PREVIOUS SECTION, CONDUCT A QUALITATIVE RISK ANALYSIS FOR THESE 5 RISKS BY PROPOSING THE PROBABILITY OF OCCURRENCE AND IMPACT FOR EACH RISK
3.3 USING A MATRIX INCLUDED IN APPENDIX A, PLOT THE RISKS ON A HEAT MAP AND EXPLAIN WHAT THE MAP MEANS
4.1 USING THE REGISTER DERIVED IN QUESTION 3.1, CALCULATE THE AVERAGE IMPACT (EXPECTED MONETARY VALUE) USING AGGREGATION OF STATIC VALUES
4.2 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
5.1 USING THE REGISTER FROM 3.1, CALCULATE THE 5 POSSIBLE EXPECTED MONETORY VALUES USING THE AGGREGATION OF THE RISK DRIVEN OCCURRENCES METHODOLOGY
5.2 DESCRIBE THE RESULT OF THIS METHODOLOGY USING AN APPROPRIATE DIAGRAM
5.3 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
An organization that will be analyzed in this context is Coca-Cola.1.1 Summary of the nature of the business:Coca-Cola is one of the most well-known beverage manufacturers in the world. They create fizzy drinks, juices, and water for a variety of markets.
Their drink portfolio includes more than 200 brands sold in over 200 countries.1.2 Summary of the business model:Coca-Cola Company follows a business model based on creating strong brands that generate significant customer demand.
Their main goal is to build and enhance brand equity. They engage in extensive advertising and promotion campaigns to attract more consumers.1.3 What are the key business drivers:Coca-Cola's essential business drivers are its brand, extensive distribution network, market reach, product innovation, customer satisfaction, and product differentiation.2.1 Nature of decision describing what decision needed to be made and why:The business decision that was taken by Coca-Cola was regarding the selection of the right marketing mix, which is a critical decision.
This allowed them to gain valuable insights into how the consumers perceive their products, which they could use to develop targeted marketing strategies. From a risk modeling perspective, the approach is beneficial because it allows the company to minimize the risks by identifying the issues that consumers may face with their products.3.1 Using the selected business decision from above, identify at least 5 risks that needed to be considered to make the same:1. Competition from other beverage manufacturers2. Consumer preferences and behavior3. Changes in market trends4. Fluctuating economic conditions
5. Changing health and safety regulations3.2 Using the risk register in the previous section, conduct a qualitative risk analysis for these 5 risks by proposing the probability of occurrence and impact for each risk:The following table shows the qualitative risk analysis for the five risks that were identified:RiskProbabilityImpactCompetitionMediumHighConsumer preferences and behaviorHighHighChanges in market trendsLowHighFluctuating economic conditionsHighMediumChanging health and safety regulationsLowMedium3.3 Using a matrix included in Appendix A, plot the risks on a heat map and explain what the map means:The risks were plotted on a heat map, as shown below:The heat map shows that the competition and consumer preferences risks have a higher probability of occurrence and impact, while the changes in market trends and health and safety regulations have a lower probability of occurrence and impact.4.1 Using the register derived in question 3.1, calculate the average impact (expected monetary value) using aggregation of static values:
The five possible expected monetary values are calculated by multiplying the probability of each risk and the range of possible impacts.RiskProbabilityImpactRange of possible impactsExpected Monetary ValueCompetitionMedium$2,000,000-$4,000,000$1,200,000Consumer preferences and behaviorHigh$3,000,000-$5,000,000$3,000,000Changes in market trendsLow$1,000,000-$3,000,000$300,000Fluctuating economic conditionsHigh$1,000,000-$2,000,000$1,200,000Changing health and safety regulationsLow$500,000-$1,000,000$50,000Total Expected Monetary Value$5,750,0005.2 Describe the result of this methodology using an appropriate diagram:The following diagram shows the possible expected monetary values for the five risks:5.3 Summarize what does this average impact value mean for the organization:
The average impact value means that the Coca-Cola Company could potentially lose an estimated $5,750,000 due to the five risks that were identified. This value represents the range of possible impacts that the company may face, given the probability of occurrence of each risk. The company can use this information to identify the risk mitigation strategies that are required to minimize the impact of these risks.
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2.1. Transformation process is an activity of taking inputs and processing, changing or converting them while adding value to them so that outputs could be created. Illustrate transformation processes of the following goods and services; (12)
2.1.1. Body Lotion
2.1.2. Paper
2.1.3. Doctor (any)
2.1.4. TV Show
transformation process is any activity or group of activities that takes one or more inputs, transforms and adds value to them, and provides outputs for customers or clients. ... changes in the physical characteristics of materials or customers. changes in the location of materials, information or customers.