wilson brothers, incorporated began operating on june 26 with no inventory on hand. it then made the purchases listed below. wilson brothers, incorporated sold and delivered 61 units on june 30. date description units unit cost total cost june 27 purchase 30 $ 11.00 $ 330.00 june 28 purchase 35 12.00 420.00 june 29 purchase 35 14.00 490.00 required: calculate the number and cost of goods available for sale. calculate the number of units in ending inventory at june 30. calculate the cost of ending inventory and the cost of goods sold under fifo.
Answers
Under the FIFO method, the number of units in the ending inventory at June 30 is 39 units. The cost of the ending inventory is $546.00, and the cost of goods sold is $694.00.
To calculate the number and cost of goods available for sale, we need to sum up the purchases made by Wilson Brothers, Incorporated.
Date Description Units Unit Cost Total Cost
June 27 Purchase 30 $11.00 $330.00
June 28 Purchase 35 $12.00 $420.00
June 29 Purchase 35 $14.00 $490.00
To calculate the number and cost of goods available for sale, we add up the units and total costs:
Number of units available for sale = 30 + 35 + 35 = 100 units
Cost of goods available for sale = $330.00 + $420.00 + $490.00 = $1,240.00
Next, let's calculate the number of units in the ending inventory at June 30 using the FIFO (First-In-First-Out) method. Since 61 units were sold and delivered, the remaining units will be in the ending inventory.
Remaining units in the ending inventory = Number of units available for sale - Units sold
Remaining units in the ending inventory = 100 - 61 = 39 units
Finally, we can calculate the cost of ending inventory and the cost of goods sold under the FIFO method.
Cost of ending inventory = Cost per unit * Remaining units in the ending inventory
Cost of ending inventory = $14.00 * 39 units = $546.00
Cost of goods sold = Cost of goods available for sale - Cost of ending inventory
Cost of goods sold = $1,240.00 - $546.00 = $694.00
Therefore, under the FIFO method, the number of units in the ending inventory at June 30 is 39 units. The cost of the ending inventory is $546.00, and the cost of goods sold is $694.00.
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Related Questions
Which two activities do marketers focus on in the maturity stage to help the firm hold onto its market share?
Answers
Answer: Niche
Explanation:
Marketing campaigns are typically focused on differentiation rather than awareness. This means that product features might be enhanced, prices might be lowered, and distribution becomes more intensive. During the maturity stage, products begin to enter the most profitable stage.
In the maturity stage, marketers often focus on niche markets, using promotional strategies, messaging, and tactics designed to capture new share in these markets. Since there is no new growth, the emphasis shifts from drawing new customers to the market to winning more of the existing market.
Jobs sights on the internet tend to be all alike. True or false?
Please help I’ll give Brainly to the best answer thanks!
Answers
Answer: True
Explanation:
once market segments have been defined and analyzed and target markets have been selected for development, the firm must turn its attention to creating, communicating, delivering, and exchanging offerings that have value to the target markets.
Answers
This process is known as positioning.
Once market segments have been defined and analyzed, and target markets have been identified for development, the firm must focus on developing, communicating, delivering, and exchanging offerings of value to the target markets—that is, positioning the product so that customers understand its ability to meet their needs and desires.
Market segmentation is a marketing strategy that identifies specific groups of consumers in order to present specific products or product lines to them in a way that appeals to their interests.
Demographic, psychographic, behavioral, geographic, and firmographic segmentation are the five methods for segmenting markets.
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A change in demand is represented by a ______ the demand curve while a change in quantity demanded is represented by a _______ the demand curve
Answers
Answer: shift of; movement along
a farmer sells his product at a loss of 8% . if his so is rs27600, what is his actual loss ? what is his cost price ?
Answers
Hope this help let me know if you question
Answer:
i dont know if u still need this soo
Explanation:
Why miscommunication and misunderstanding happen
Answers
Answer:
misunderstanding happens due to the distance . misunderstanding happen due to lack of time to solve problem . misunderstanding happens due to third person between two persons . misunderstanding happens due to the virtual world .
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Q. Imagine you are a fashion designer. Research on how to start your own fashion clothing brand.
Write down the process you need to follow to start your own fashion clothing brand.
Think about the conditions one has to meet to ensure the quality of the clothes (manufacturing and the cost of clothes).
If possible draw the flow chart to describe the steps, which will be taken by the fashion designer (or you) in making a decision.
I might give Brainliest to the one who answers correctly along with the flow chart.
Answers
The process you need to to start a fashion clothing brand.
Fist step is to recognized the fashion need in the market. Create your business plan. Know your specific audience. Start drawing and then designing the clothlook for a good clothing makerChoose and Make a brand name, logo, etc.Set a target price and start marketing/distribution process..What is Clothing Brand?This is known to be that key Identification that pertains to a given Manufacturer and it is one that is only used in the line of business such as manufacturing, distributing, etc., of clothes.
Note that by flowing the steps above, one can make a great fashion brand in the long run.
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what the times interest earned ratio equals ebit divided by
Answers
The Times Interest Earned Ratio (TIE) is a financial metric that measures a company's ability to pay its interest expenses with its earnings before interest and taxes (EBIT). It is calculated by dividing the EBIT by the total interest expense.
In mathematical terms, the TIE ratio can be represented as follows:
TIE = EBIT / Interest Expense
This ratio is used by investors and creditors to determine the financial health of a company and its ability to meet its debt obligations. A higher TIE ratio indicates that the company has a greater capacity to pay its interest expenses and is less likely to default on its debts. On the other hand, a lower TIE ratio suggests that the company may have difficulty paying its interest expenses and could be at risk of default.
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You bought a house in 2004 for $150,000. Sadly, you suffered an injury. Your doctor prescribes water aerobics as your therapy and prescribes building a pool. You spend $31,000 to build the pool. Because you built the pool your house now appraises for $165,000. Assume all of your other injury related costs were covered by your health insurance, which you pay $4,400 a year for. If your AGI is $200,000, what is your allowable medical expense deduction? $400 $0 $20,400 $5,400 $35,400
Answers
The allowable medical expense deduction is $16,000.Therefore, the correct answer is: $16,000
To calculate the allowable medical expense deduction, we need to consider the eligible medical expenses and the AGI threshold.Eligible medical expenses include the cost of building the pool for water aerobics therapy, as prescribed by the doctor. Therefore, the eligible medical expenses are $31,000.To determine the AGI threshold for medical expense deductions, we use 7.5% of the AGI. In this case, 7.5% of $200,000 AGI is $15,000.Now, we subtract the AGI threshold ($15,000) from the eligible medical expenses ($31,000 - $15,000) to find the allowable medical expense deduction:$31,000 - $15,000 = $16,000
The allowable medical expense deduction is $16,000.
Therefore, the correct answer is: $16,000
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Sheila felt prepared to work after her one-day job orientation for new employees. When she got to work, however, she was shocked. She was not prepared for the fast pace, sophistication and skill level found in her new department. By noon that day, Sheila felt like she was not cut out for the job. She felt under-skilled and underprepared to meet her department's
challenges.
On her way to the company cafeteria, one of her co-workers, Tammy, caught up with her and they had lunch together. Sheila was glad that Tammy was so friendly to her and she was able to relax a little bit. During lunch Tammy talked about their manager, Mr. Smith. Sheila learned that Mr. Smith was in trouble with his superiors. Next, Tammy told her about James, the computer programmer.
She told Sheila that James spread rumors and was not to be trusted. She talked about Mrs. Tyler, the accountant. She said that Mrs. Tyler was an alcoholic and frequently took sips from a whisky bottle in her desk.
Tammy asked Sheila to join her for coffee after work. She said, "Trust me, Sheila. Once you come to understand how screwed up everyone is around here and get the feel of the place, you'll do fine."
Question: Why would Tammy be so friendly towards Sheila? What might happen if
Sheila gets close to Tammy? Have you ever been in a similar situation?
Answers
Tammy was probably friendly with Sheila because she was outgoing and made her feel comfortable at work. But Sheila should be careful about getting involved in rumors that can turn into negative conflicts.
What are organizational conflicts?These are situations where there are differences in the work environment, which may be personal or professional, such as rumors and disagreements about tasks.
Organizational conflicts arising from rumors, such as the gossip of other employees told by Thammy to Sheila, can be extremely negative, and consequently generate enmity, disintegration of teams and even dismissals.
Therefore, it is essential that there is conflict management in the organization through effective communication, interpersonal relationships based on ethics and respect for all employees.
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Using the information from the requirements above, complete the 'Analysis' tab. (Round final answers to 1 decimal place.) Analyze how well TNT Fireworks manages its assets: (a) Calculate the return on assets ratio for the month of January. If the average return on assets for the industry in January is 2%, is the company more or less profitable than other companies in the same industry? The return on assets ratio is: ___ %The company is more profitable. (True or False) (b) Calculate the profit margin for the month of January. If the industry average profit margin is 5%, is the company more or less efficient at converting sales to profit than other companies in the same industry? The profit margin is: ___ %The company is more efficient at converting sales to profit. (True or False)
Answers
(a) To calculate the return on assets (ROA) ratio for the month of January, use the formula: ROA = Net Income / Total Assets. The ROA is: ___ %. If the company's ROA is higher than the industry average of 2%, then the company is more profitable (True). If not, it's False.
(b) To calculate the profit margin for the month of January, use the formula: Profit Margin = Net Income / Sales. The profit margin is: ___ %. If the company's profit margin is higher than the industry average of 5%, then the company is more efficient at converting sales to profit (True). If not, it's False.
the specific numbers for net income, total assets, and sales, we cannot provide the exact calculations.
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in about 100 words explain who owns, controls and is responsible for any debt, in a sloe proprietorship and in a partnership.
Answers
Legally, sole proprietors bear unlimited responsibility for all business debts. Their assets, both personal and business, are at risk.
Who is the sole proprietor of a business?A sole proprietor is a person who owns an unincorporated business on their own. However, if you treat a domestic limited liability company (LLC) as a corporation, you will not be treated as a sole proprietor even if you are the LLC's sole member.
The term "limitless obligation" refers to the full legal liability that business partners and entrepreneurs anticipate for all business obligations. This chance isn't covered, and responsibilities can be paid through the seizure and proposition of owners' own special assets, which isn't equivalent to the renowned confined liability business structure.
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What is the difference between traditional manufacturing and a cottage
industry?
A. Manufacturing is done on a lower scale.
B. Manufactured products are better quality.
C. Manufactured items are worth more.
D. Manufacturing is done on a larger scale.
SUBMIT
Answers
Answer:
its a D
Explanation:
The difference between traditional manufacturing and a cottage industry is manufacturing is done on a larger scale. Thus, option D is correct.
What is cottage industry?A cottage industry is a small manufacturing company run by an individual or family, usually from their house rather than a specially constructed facility. The minimal expenditure needed to launch a cottage industry serves as its defining characteristic.
They frequently concentrate on making labor-intensive goods but have a tough time competing with manufacturers of mass-produced goods who operate factories. The original cottage industries in the U.S. and Europe were light manufacturing businesses that performed subcontracted work in shoemaking, minor metal machine components, textile or garment production, or stitching. These small-scale companies frequently used raw materials provided by the contract supplier to make final goods.
Therefore, we can conclude that option D is correct.
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The class will be divided into five groups. With the teacher's guide, each group should suggest a business that they want to put up. Each group should then justify their choice of business. Each group will discuss among the members the environment that should be studied in terms of the location they decided to choose. Based on the environmental analysis, the group members should identify all the factor that need to be studied in the specific environment/location.
Answers
Each group will suggest a business idea and justify their choice based on their interests, market demand, and potential profitability. They will then discuss the specific location for their business and conduct an environmental analysis to identify factors that need to be studied.
In the first paragraph, each group can briefly mention the type of business they want to put up, such as a restaurant, tech startup, clothing boutique, fitness center, or any other business idea that interests them. They should provide a concise justification for their choice, highlighting factors like market demand, personal passion, unique selling proposition, or potential profitability.
In the second paragraph, the group members will discuss the specific location for their business and conduct an environmental analysis. They need to identify and examine various factors that can influence the success of their business in that particular location. This analysis can include factors such as local competition, target market demographics, economic conditions, regulatory environment, infrastructure, availability of resources, cultural considerations, and any other relevant factors. By studying these environmental factors, the group can gain insights into the opportunities, challenges, and potential risks associated with their chosen location.
Overall, the aim is for each group to select a business idea that aligns with their interests and has potential in the market. They should then analyze the specific location's environmental factors to make informed decisions and develop strategies that maximize their chances of success. This exercise helps students understand the importance of market research, environmental analysis, and strategic planning in business development.
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Do you agree that Project Integration knowledge domain is the most important domain for project managers
Answers
Yes, the project Integration knowledge domain is the most important domain for project managers.
What is project Integration?The subject area of project integration management coordinates all components and elements of a project to guarantee successful completion and stakeholder satisfaction. It is made up of five processes: Create a project charter. Create a project management plan.The project integration area also covers project work direction and management, which is the creation of project deliverables. This process is tracked, analyzed, and reported in order to detect and control any changes or problems that may arise. Change control will also be performed.The most significant knowledge domain for project managers is project integration.So yes, the project Integration knowledge domain is the most important domain for project managers.
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Failure to pay on mortgage is called _____.
ANSWER: D. default
A. closing
B. foreclosure
C. amortization
D. default
Answers
Answer:
(D) Default
Explanation:
When you fail to pay your mortgage it will be defaulted. Only then will the owner put the property in foreclosure. Typically foreclosure isn't put in effect until after about three months of missed payments.
Answer:default
Explanation:
Broker Austin represents a party in a transaction where there is a dispute regarding the deposited escrow money. What should Austin do
Answers
Broker Austin represents a party in a transaction where there is a dispute regarding the deposited escrow money. Austin should Hold the money until both parties (or their lawyers) provide a written release.
Who is Broker Austin?Generally, If Austin is a broker representing a party in a transaction where there is a dispute regarding the deposited escrow money, they should handle the situation in a professional and objective manner. Here are a few steps that Austin could take to address the issue:
Gather all relevant documents and information: This includes the escrow agreement, any correspondence related to the escrow money, and any other documents that may be relevant to the dispute.
Review the escrow agreement: The escrow agreement should outline the terms and conditions for the escrow money, including how it is to be used and any provisions for disputes. Austin should carefully review this agreement to determine if the dispute is covered by its provisions.
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which permission is required to convert a lead?
Answers
To convert a lead, the user must have permission to create new accounts. If you don't have permission to create an account, you can't convert leads.
This will break the lead process if the user is not authorized to create an account. Click the Leads tab. Open the lead record you want to convert and click Convert. In the Account name field, select Attach to existing account (for example,
Big Car account) fill in the other details on the page according to your requirements and click Convert.
Lead conversion may fail if a custom field is mapped to the Account or Contact object and the field is part of a managed package that is expired or disabled.
Leads can be automatically imported or created via external marketing automation platforms and form submissions. Converting leads in Salesforce can be done using Apex code and Lightning Flow, which helps businesses gain a return on investment.
You can convert a lead with no associated account and contact to an opportunity by following these steps:
Switch to the Sales work center. Select the Prospects view. Open any line.
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A corporation began business by issuing 200,000 shares of $3 par value common stock for $19 per share. During its first year, the corporation sustained a net loss of $100,000. The year-end account balances would show
a $1,000,000 credit balance in the Common Stock account.
a $3,800,000 credit balance in the Common Stock account.
a $3,200,000 credit balance in Paid-in Capital in Excess of Par Value account.
a $3,800,000 debit balance in the Paid-in Capital in Excess of Par account.
a $100,000 credit balance in the Retained Earnings account.
Answers
The correct option is "a $3,200,000 credit balance in Paid-in Capital in Excess of Par Value account". Par value is the nominal value of the stock assigned by the corporation that appears on the stock certificate. The excess of the amount received above the par value is called paid-in capital in excess of par.
The corporation had issued 200,000 shares of $3 par value common stock for $19 per share. So the total value of the common stock issued by the corporation is:$3 x 200,000 = $600,000The corporation issued common stock at a price of $19 per share. So the total amount received by the corporation is:$19 x 200,000 = $3,800,000The paid-in capital in excess of par value is the excess amount received by the corporation for issuing the common stock, which is calculated by deducting the total value of common stock issued by the corporation from the total amount received by the corporation.
The calculation of the paid-in capital in excess of par value is as follows:$3,800,000 - $600,000 = $3,200,000During the first year of its operation, the corporation sustained a net loss of $100,000. The Retained Earnings account is reduced by the amount of the net loss, which is a debit. So the Retained Earnings account would show a debit balance of $100,000. The common stock account has a credit balance of $1,900,000 ($600,000 + $1,300,000) at the end of the year. The correct option is "a $3,200,000 credit balance in Paid-in Capital in Excess of Par Value account".
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Company T had outstanding 25,000 shares of common stock, par value $ 10 per share. On January 1 of the current year, Company P purchased some of these shares as a long-term investment at $ 25 per share. At the end of the current year, Company T reported the following: income, $ 45,000 , and cash dividends declared and paid during the year, $ 16,500 . The fair value of Company T stock at the end of the current year was $ 22 per share.
Required:
(d) Explain why assets, stockholders' equity, and revenues for the two cases are different.
Answers
Assets, stockholders' equity, and revenues for the two cases are different due to the accounting treatment of the investment in Company T's common stock by Company P.
In Case 1, where Company P purchased some of Company T's shares as a long-term investment, the purchase price of $25 per share is higher than the par value of $10 per share. As a result, Company P records the investment at the purchase price of $25 per share, which increases its assets. The difference between the purchase price and the par value is recorded as a premium on the investment. Therefore, Company P's assets and stockholders' equity are higher compared to Case 2.
In Case 2, where the fair value of Company T's stock at the end of the year is $22 per share, Company P does not adjust the carrying value of its investment. Instead, it continues to report the investment at the purchase price of $25 per share. This results in a potential unrealized loss of $3 per share ($25 purchase price - $22 fair value). However, this unrealized loss is not recognized in the income statement, so it does not affect the reported revenues. Therefore, Company P's assets, stockholders' equity, and revenues remain higher compared to Case 2.
Overall, the differences in assets, stockholders' equity, and revenues between the two cases are due to the different accounting treatments of the investment in Company T's stock and the unrealized gain or loss on that investment.
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the linear programming model of the production scheduling process is usually used when we have to schedule the production of multiple products, each of which requires a set of resources not required by the other products, over time. group of answer choices true false
Answers
The given statement is true.
linear programming, mathematical modeling technique in which a linear function is maximized or minimized when subjected to various constraints.
In Math, linear programming is a technique for improving tasks for certain requirements. The primary goal of linear programming is to amplify or limit the mathematical worth. It comprises of linear capabilities which are exposed to the limitations as linear conditions or as imbalances. Linear programming is viewed as a significant method that is utilized to track down the ideal asset usage. The expression "linear programming" comprises of two words as linear and programming. "Linear" characterizes the connection between different factors with degree one. "Programming" characterizes the most common way of choosing the best arrangement from different other options.
Linear Programming is broadly utilized in Science and a few different fields like financial matters, business, telecom, and assembling fields. In this article, let us examine the meaning of linear programming, its parts, and various techniques to tackle linear programming issues.
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select all that apply which of the following is/are true about the impact of variability on managing processes? multiple select question. customers understand that process variability occurs and accept that delays are inevitable. variability in processes can make planning and managing the process more challenging. process variability can lead to product delays and shortages, which can lead to a damaged company reputation.
Answers
Option B is correct. Variability in processes can make planning and managing the process more challenging. Process variability can lead to product delays and shortages, which can lead to a damaged company reputation.
What is process variability?Process variability highlights the underlying variations and oscillations in a process's outcome. A number of things, including variances in building ingredients, logistics planning, human mistake, or ecological factors, might contribute to it. Process variability can cause problems including delays, faults, and higher costs while also affecting a process's effectiveness, efficiency, and quality. To maintain quality and consistency of output, businesses must track and manage process variability. To recognize and minimize process variability, strategies like Statistical Process Control (SPC) and Six Sigma can be applied.
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Please help me the due date is tomorrow!!!
-Find one business/company
- Assess the company
i company background
ii company operation
iii ethical decision/operation taken by the company
iv assess the advantage and disadvantage
Answers
Sure, I can help you with that! Here is an assessment of Tesla, Inc. based on the criteria you provided:
i. Company background:
Tesla, Inc. is an American electric vehicle and clean energy company founded in 2003 by Elon Musk, JB Straubel, Martin Eberhard, Marc Tarpenning, and Ian Wright. Tesla designs and manufactures electric cars, battery storage systems, and solar panels. The company is headquartered in Palo Alto, California, and has manufacturing facilities in California, Nevada, New York, and China.
ii. Company operation:
Tesla's operations primarily revolve around the production of electric vehicles and energy storage solutions. The company has a strong focus on innovation and sustainability, and it aims to accelerate the world's transition to sustainable energy. Tesla produces several models of electric cars, including the Model S, Model X, Model 3, and Model Y. The company also sells solar panels and battery storage systems for homes and businesses.
iii. Ethical decisions/operations taken by the company:
Tesla has made several ethical decisions and operations in recent years. For example, the company has committed to sourcing all of its raw materials from sustainable sources and has implemented recycling programs to reduce waste. Additionally, Tesla has made a significant commitment to worker safety and has invested in developing advanced safety systems for its vehicles. The company has also been vocal about its support for climate action and has pledged to reduce its carbon footprint.
iv. Advantages and disadvantages:
Advantages:
Tesla is a leader in the electric vehicle market and has a strong brand reputation for innovation and sustainability.
The company's focus on sustainability has helped it attract customers who are interested in reducing their carbon footprint.
Tesla's energy storage solutions have the potential to help reduce dependence on fossil fuels.
Disadvantages:
Tesla faces significant competition from other electric vehicle manufacturers.
The high cost of Tesla's vehicles may limit the company's market reach.
The company's reliance on battery technology may pose challenges in terms of supply chain and availability of raw materials.
Overall, Tesla is a company with a strong commitment to sustainability and innovation, and it has the potential to play a significant role in reducing the world's carbon footprint. However, the company also faces challenges and limitations that may impact its future success.
when using the simplified method to calculate the home office deduction on schedule c, what is the maximum square footage that can be used in the calculation?
Answers
When using the simplified method to calculate the home office deduction on Schedule C, the maximum square footage that can be used in the calculation is 300 square feet.
The simplified method provides a simplified way to calculate the home office deduction, making it easier for small business owners and self-employed individuals to claim this deduction. Instead of calculating actual expenses, such as mortgage interest, utilities, and maintenance costs, the simplified method allows you to multiply the allowable square footage by a prescribed rate to determine the deduction.
The prescribed rate for the simplified method is $5 per square foot. Therefore, you can multiply the maximum square footage of 300 square feet by the rate of $5 to calculate your home office deduction. In this case, the maximum deduction you can claim using the simplified method would be $1,500 (300 square feet x $5 per square foot).
This means that you can only consider up to 300 square feet of your home as a qualified home office space when determining your deduction.
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How can you create any elegant and artistic presentation of a cake or pastry considering the product and its container?
Answers
Learn advanced piping techniques. ...
Create stunning sugar flowers. ...
Add cake sculpting to your list of accomplishments. ...
Discover hand painting techniques.
Define opportunity cost, please!
Thank you!
Answers
Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.
Answer:
It's when you lose one opportunity due to picking something else or you lose a whole experience because of a chose you made. For example, if I decided to work at McDonald's then instead of going to school,I've lost a lot of chances because I made this one choice.
How much y’all think I’m worth?
Y’all think ima great dancer?
Who follows me
Answers
Answer:
What????..............
explain three steps the ccma will take to resolve a grievance
Answers
Answer:
1: If you have a labour problem, it is very important that you take steps immediately. In the case of an unfair dismissal dispute, you have only 30 days from the date on which the dispute arose to open a case. With discrimination cases, you have six months.
2:If you have decided to lodge a dispute, you need to complete a CCMA case referral form, also known as a LRA Form 7.11. These forms are available from the CCMA offices, DOL offices and the CCMA website.
Step 3: Once you have completed the form, you need to ensure that a copy is delivered to the other party. You must be able to prove that they received a copy. Acceptable methods include faxing a copy (keep the fax transmission slip), sending it by registered mail (keep the postal receipt), send it by courier (keep proof) or deliver in person (ask the person receiving it to sign for it).
Explanation:
hope it helped!!
please sir i need the answer within 16 minutes emergency asap
Which of the following is FALSE about software requirements? A. The process whereby stakeholders gather information about the required requirements and the existing system is called requirements disco
Answers
The false statement about software requirements is: The process whereby stakeholders gather information about the required requirements and the existing system is called requirements disco.
Software requirements are the functional and non-functional requirements that software developers gather from stakeholders. These requirements guide the design and development of software applications. Here are some false statements about software requirements:
False Statement: The process whereby stakeholders gather information about the required requirements and the existing system is called requirements disco. Truth: The process whereby stakeholders gather information about the required requirements and the existing system is called requirements elicitation.False Statement: Requirements cannot be changed once they have been documented. Truth: Requirements can be changed during the development of software applications, but these changes should be documented and communicated to stakeholders.False Statement: Software requirements only include functional requirements. Truth: Software requirements include both functional and non-functional requirements.False Statement: Software requirements are only for developers. Truth: Software requirements are for all stakeholders involved in the development of software applications, including developers, project managers, and business analysts.Therefore, the false statement about software requirements is: The process whereby stakeholders gather information about the required requirements and the existing system is called requirements disco.
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How does Cinematch offer Netflix additional operational advantages for the DVD-by-mail business?
a. Cinematch offers alternate recommendations of movies based on critical acclaim and box office performance parameters.
b. Cinematch is linked to warehouses and recommends movies that are likely to be in stock.
c. Cinematch is often used by movie studios to plan movie scripts based on user preferences.
d. Cinematch is a source of additional revenue to Netflix as a marketing tool for recommending newly-released movies.
e. Netflix leases the Cinematch collaborative filtering software to smaller firms at a fee, withholding the valuable user ratings.
Answers
Cinematch offers Netflix additional operational advantages for the DVD-by-mail business primarily through options (a) and (b). The correct answer is a) and b).
a. Cinematch offers alternate recommendations of movies based on critical acclaim and box office performance parameters. This feature allows Netflix to provide more personalized suggestions to its customers, enhancing user experience and increasing customer satisfaction. By suggesting movies that cater to individual tastes, Netflix can ensure a higher likelihood of customers enjoying the recommended movies, leading to increased customer loyalty and retention.
b. Cinematch is linked to warehouses and recommends movies that are likely to be in stock. This feature enables Netflix to efficiently manage its inventory and reduce shipping times for DVDs. By suggesting movies that are readily available in warehouses, Netflix can minimize the chances of customers having to wait for their desired movies to be in stock. Faster delivery of DVDs results in higher customer satisfaction, contributing to a better overall experience for Netflix subscribers.
Together, these features of Cinematch give Netflix an edge in the DVD-by-mail business by improving user experience, customer satisfaction, and inventory management. This, in turn, allows Netflix to maintain a competitive advantage in the market and attract new customers while retaining existing ones. The answer is a) and b).
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