Answer:
These are the options for the question:
Managing for globalizationManaging for sustainabilityManaging for animal welfareManaging for diversityManaging for information technologyAnd this is the correct answer:
Managing for sustainabilityExplanation:
The use of cow manure to power facilities and fuel milk tankers is a managerial challenge directly related with the sustaniable aspecto of the Farm.
This is because a natural resource: cow manure, is being used in an efficient manner to provide much needed power to the firm's facilities. The amounts of manure, times, and processes that are used, are all part of the sustainability policy of the farm, which has to be overseen by the manager.
If you deposit an amount of $1000 today (January 1st) and continue depositing into the account an amount growing by 5% per annum at the end of each subsequent year for five years, what balance will you have in the account at the end of the 5th year? (r = 10% p.a.)
$ 3,150
$4,150
$5,150
$6,150
Answer:
$5,525.63
Explanation:
The formula for calculating future value = A (B / r)
B = [(1 + r)^n] - 1
R = interest rate
n = number of years
((1.05)^5 - 1) / 0.05 = 5.525631
$1000 x 5.525631 = $5,525.63
Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.Incomplete manufacturing costs, expenses, and sellIncomplete manufacturing costs, expenses, and sell Collapse question part(a) Indicate the missing amount for each letter.Case12Direct materials used $9,600 $Direct labor 5,000 8,000 Manufacturing overhead 8,000 4,000 Total manufacturing costs 16,000 Beginning work in process inventory 1,000 Ending work in process inventory 3,000 Sales revenue 24,500 Sales discounts 2,500 1,400 Cost of goods manufactured 17,000 22,000 Beginning finished goods inventory 3,300 Goods available for sale 20,000 Cost of goods sold Ending finished goods inventory 3,400 2,500 Gross profit 7,000 Operating expenses 2,500 Net income 5,000b) Prepare a condensed cost of goods manaufactures schdule ffor Case1c1) Prepare an Income statement for Case 1c2) Prepare the current assets section of the balance sheet for Case1. Assume that in Case 1 the other items in the current assets section are as follows: Cash $4,000, Receivables (net) $15,000, Raw Materials $600 and Prepaid Expenses $400.
Answer:
a. Incomplete Manufacturing Costs:
Case 1 Case 2
Direct materials used $9,600 $ 4,000
Direct labor 5,000 8,000
Manufacturing overhead 8,000 4,000
Total manufacturing costs 22,600 16,000
Beginning work in process inventory 1,000 9,000
Ending work in process inventory 6,600 3,000
Sales revenue 24,500 31,200
Sales discounts 2,500 1,400
Cost of goods manufactured 17,000 22,000
Beginning finished goods inventory 3,000 3,300
Goods available for sale 20,000 25,300
Cost of goods sold 16,600 22,800
Ending finished goods in inventory 3,400 2,500
Gross profit 5,400 7,000
Operating expenses 2,500 2,000
Net Income 2,900 5,000
b. Condensed cost of goods manufactured schedule for Case 1:
Direct materials used $9,600
Direct labor 5,000
Manufacturing overhead 8,000
Total manufacturing costs 22,600
Beginning WIP inventory 1,000
Ending WIP inventory 6,600
Cost of goods manufactured $17,000
c1. Income Statement for Case 1:
Sales Revenue, net $22,000
Cost of goods sold 16,600
Gross profit $5,400
Operating expenses 2,500
Net income $2,900
c2. Current Assets Section of the Balance Sheet for Case 1:
Cash $4,000
Receivables (net) 15,000
Inventory:
Raw materials 600
WIP 6,600
Finished Goods 3,400 10,600
Prepaid Expenses 400
Total current assets $30,000
Explanation:
Using the above data to calculate the missing figures, we start from the known, applying our knowledge of the elements and formula of the income statement for a manufacturing entity. For example, the gross profit is the difference between the net sales revenue and the cost of goods sold, and the cost of goods sold is the difference between the goods available for sale and the ending inventory of finished goods.
What are the four main types of access proposed by Andersen (1997)?
Explanation:
They are:
potential accessrealized accessequitable or inequitable accessefficient and effective accessAccording to Andersen, Potential access refers to the availability of resources that would allow an individual to seek care if needed. The Realized access is viewed as the actual use of the care, that is, the individual realizes (or makes use of ) the potential access. Further, Andersen describes Equitable access as a type of access driven by demographic characteristics and need. While Inequitable access results not from demographic characteristics and need but from the individual's social structure, health beliefs, and enabling resources.
A
For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of each period, interest rate, and n number of years EV of $1, PV of $1, EVA of $1 PVA of $1, EVAD of $1 and PVAD of $. Use appropriate factor(s) from the tables provided. Present Value Annuity Amount i = n =1 2,600 8% 52. 507,866 135,000 ___ 43. 661,241 170,000 9% ____4. 540,000 78,557 ___ 85. 230,000 ____ 10% 4
Answer:
1) Present Value = $10,381
2) i = 3%
3) n = 5
4) i = 4%
5) Annuity amount = $72,558
Explanation:
Given that;
No. Present Value Annuity Amount i = n =
1. ______ 2,600 8% 5
2. 507,866 135,000 ___ 4
3. 661,241 170,000 9% ___
4. 540,000 78,557 ___ 8
5. 230,000 ____ 10% 4
Assume that interest is compounded annually and that all annuity amounts are received at the end of each period, interest rate, and n number of years EV of $1, PV of $1, EVA of $1 PVA of $1, EVAD of $1 and PVAD of $.
we know that
Present value = Annuity amount × Discount factor at i% for n years
1) Present value = 2600 × Discount factor at 8% for 5 years
from the annuity table ( n = 5, i =8% :- 3.99271)
Present Value = 2600 × 3.99271 = $10,381
2) 507,866 = 135,000 × Discount factor at i% for 4 years
Discount factor at i% for 4 years = 507,866 / 135,000
Discount factor at i% for 4 years = 3.761970
Check Present value annuity table in period 4 row for 3.761970
i = 3%
3) 661,241 = 170,000 × Discount factor at 9% for n years
Discount factor at 9% for n years =661,241 / 170,000
Discount factor at 9% for n years = 3.88965
Check Present value annuity table in 9% column for 3.88965
n = 5
4) 540,000 = 78,557 × Discount factor at i% for 8 years
Discount factor at i% for 8 years = 540,000 / 78,557
Discount factor at i% for 8 years = 6.8739895
Check Present value annuity table in period 8 row for 6.8739895
i = 4%
5) 230,000 = Annuity amount × Discount factor at 10% for 4 years
from the annuity table ( n = 4, i =10% :- 3.169865)
230,000 = Annuity amount × 3.169865
Annuity amount = 230,000 / 3.169865 = $72,558
1.) What are are the advantages and disadvantages of teams?
Discussion Question( Managing Teams)
How do we apply economic decision making to resources which have alternative uses?
Answer:
Almost all resources can be called the scarce. As you are using scarce you have to use scarce inherently for one purpose
Explanation:
Economic decision making to the resources have different alternative uses of those resources. For example If a city wanted to build a cricket ground then the alternative of this resource is to be leave the land. The fundamental phenomena of economy is scarcity.
From then the resources are scarce, it is said the uses of the resources can make a decision that could make a decision to use it.
for example to make beverage you have to make some scarce resources. Opportunity cost is another alternative resources that is used by people to grow their economy
what are the best jobs in Apple?
Answer:
Senior director , software engineers, senior legal counsel, and more
Originally attributed to the Greek philosopher Aristotle,______ _____
refers to a concept of living one's life according to a
commitment to the achievement of a clear ideal-what sort of person would I like to become, and how do I go about becoming that person?
Answer:
Virtue Ethics
Explanation:
Virtue Ethics is a philosophical ideology postulated by Aristotle, to describe the belief that individuals can achieve morality based on living with constant principle of moral values such as honesty, bravery, integrity and many similar attributes.
Hence, VIRTUE ETHICS refers to a concept of living one's life according to a commitment to the achievement of a clear ideal-what sort of person would I like to become, and how do I go about becoming that person? This is according to Aristotle.
What 4ps known as ?
Answer:
4 P's are place, price, product, and promotion
Explanation:
The four P's of marketing are the key factors that are involved in the marketing of a good or service. They are the product, price, place, and promotion of a good or service.
What is efficiency? What is effectiveness? Imagine you manage a local car wash. Which criteria might you use to determine your efficiency as a manager? Which criteria might you use to determine your effectiveness?
Answer:
In business, efficiency means how well you use available resources in order to maximize results (or profits if you like). Effectiveness, on the other hand, refers to how well your company is carrying out is activities, e.g. high quality of your products, high customer satisfaction.
If I managed a car wash, I could measure efficiency by how many cars are washed per hour. Or how do our costs per car washed lower as the total amount of cars washed increases.
If I wanted to measure effectiveness, I would need to measure how well do we wash the cars, e.g. is our service excellent, good, regular, or bad. Our customers are satisfied with the way we wash their cars or not.
The difference between effectiveness and efficiency is that effectiveness corresponds to doing the task right, at the right time, and reaching established goals.
Efficiency, on the other hand, corresponds to optimizing tasks, making the process easier, faster and with reduced costs. So there is a way for a business to be effective without being efficient.
At a local car wash, an effective manager is one who knows how to manage his team to produce better results with existing resources, through quality of work, increased productivity and customer service.
It is also possible to measure the effectiveness of the location based on the achievement of goals, such as the number of cars washed in a day, cash flow, etc.
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How can mobile connectivity accelerate decision making and problem solving in an organization?
Answer: By giving information to the right user, exactly when it is needed
Explanation:
Which of the following is involved with creating an Operational Definition for a measure?A. Determine the start and stop points of a cycle time measureB. Assessing the risk of a process changeC. Determining the customer of the processD. Selecting the process team
Answer:
C. Determining the customer of the process
Explanation:
Operational Definition is a clear and detailed definition of measure adopted before the gathering and collecting of all data in a given situation. This measure is used to arrive at the conclusion of whether the data collected shows that, something is defective or not.
Which ONE of the following is NOT one of the three general categories of product costs? a. Manufacturing overhead b. CEO and other executive salaries c. Direct labor d. Direct materials
Answer:
b. CEO and other executive salaries
Explanation:
Product cost is defined as the costs that a company shares to the product it manufactures. For example cost of producing a car.
Product costs are made up of 3 cost elements: direct material cost, direct labour cost, and manufacturing overhead.
Direct material and direct labour contributes directly to production cost. While manufacturing overhead contributes indirectly to the product cost.
Examples of manufacturing overhead are rent and machine maintenance.
CEO and other executive salaries is not considered a product cost.
What should you do before you approach an ATM?
Make sure it is hidden so no one will see you withdraw money.
Share a picture of your debit card with your friends.
Check for any suspicious people lurking nearby.
Ask someone nearby for help using the ATM.
Before approaching an ATM, it is crucial to take certain precautions. Firstly, ensure the area is not openly visible, providing some level of privacy during your transaction.
What are the precautions to take?Secondly, never share pictures of your debit card with anyone, including friends, to protect your personal and financial information. Thirdly, be observant of your surroundings and watch out for any suspicious individuals who may be lurking nearby, as they could potentially engage in criminal activities.
Lastly, avoid seeking help from strangers at the ATM, as it is best to handle your transactions independently to minimize the risk of fraud or theft.
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Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $129,100 Advertising expense $53,200 Depreciation on plant 64,600 Property taxes on plant 16,000 Property taxes on store 8,160 Delivery expense 24,300 Labor costs of assembly-line workers 111,300 Sales commissions 40,100 Factory supplies used 28,700 Salaries paid to sales clerks 57,100Work in process inventory was $14,000 at January 1 and $16,700 at December 31.Finished goods inventory was $61,800 at January 1 and $49,800 at December 31.Required:Compute cost of goods manufactured.
Answer:
$339,160
Explanation:
The computation of the cost of goods manufactured is shown below:
Cost of goods manufactured is
= Material used in product + Labor costs of assembly line workers + Factory overheads + Opening Work in process – Closing Work in process
where,
Factory overheads is
= Depreciation on plant+ Property taxes on plant+ Factory supplies used
= $64,600 + $8,160 + $28,700
= $101,460
Now put all other values together with this in the above formula
So,
= $129,100 + $111,300 + $101,460 + $14,000 - $16,700
= $339,160
What is the present value of the following cash flows at a discount rate of 9 percent?
year 1: 100,000 year 2: 150000 year 3: 200,000
Answer:
Year 1 PV = 91,743.12
Year 2 PV =126,251.99
Year 3 PV = 154,436.70
Explanation:
The present value of future sum is the amount that ought to be invested today at interest rate compounded annually to equal the sum at the end of a particular period.
The present value of a future sum is given as follows:
PV = FV × PV (1+r)^(-n)
PV - present value
FV - Future value
r- interest rate
n- number of years
Year 1 PV = 100,000× 1.09^(-1) =91,743.12
Year 2 PV = 150,000× 1.09^(-2) =126,251.99
Year 3 PV = 200,000× 1.09^(-3) = 154,436.70
How might a business be in violation of a truth-in-advertising law?
A. By adding surcharges in fine print
B. By claiming its product is healthy without having any scientific
evidence
C. By hiring actors to portray consumers in its commercials
D. By claiming that you'll love its product
Answer:
B
Explanation:
Apex
A business be in violation of a truth-in-advertising law is By claiming its product is healthy without having any scientific evidence.
What is truth-in-advertising?Wherever consumers see or hear an advertisement, whether on the Internet, radio, television, or elsewhere, federal law requires it to be accurate, not misleading, and backed up by scientific data where necessary.
Thus, option B is correct.
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Which oif the following statements about planned obselence is true?A. Environmentalists supports planned obsolescence.B. A company that produces a quality product would never engage in planned obsolescence. C. Style modification creates planned obsolescence.D. Planned obsolescence is for services only.E. All of the statements about planned obsolescence are true.
Answer: C. Style modification creates planned obsolescence.
Explanation:
Planned obsolescence also referred to as the premature obsolescence or built-in obsolescence is when a product is designed with a limited useful life which is artificial, so that the product later becomes obsolete after a period of time. It should be noted that style modification creates planned obsolescence as there's always need to try out new things and evolve.
C. F. Lee Inc. has the following income statement. How much net operating profit after tax (NOPAT) does the firm have?Sales $2,850.00Costs 1,850.00Depreciation 192.00EBIT $808.00Interest expense 285.00EBT $523.00Taxes (35%) 183.05Net income $339.95
Answer:
$525.2
Explanation:
After tax net operating income = EBIT( 1- tax rate)
Given that EBIT = $808
Tax rate = 35%
Therefore,
After tax net operating income = $808 ( 1 - 35% )
= $808 ( 0.65 )
= $525.2
The net operating profit after tax (NOPAT) that the firm has is $525.20.
Given information
EBIT = $808
Tax rate = 35%
After tax net operating income = EBIT (1 - tax rate)
After tax net operating income = $808 (1 - 35%)
After tax net operating income = $808 (0.65)
After tax net operating income = $525.20
In conclusion, the net operating profit after tax (NOPAT) that the firm has is $525.20.
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The importance of formal planning in organizations has grown dramatically. Companies have found that they can achieve competitive advantage through the formal six-step strategic planning process. Answer questions about how Ron Shaich and Panera Bread use this strategic process. Planning is not an informal or haphazard response to a crisis; it is a purposeful effort that is directed and controlled by managers and often draws on the knowledge and experience of employees throughout the organization. Because planning is an important management function, managers at all three levels use it. To be fully effective, the organization's strategic, tactical, and operational goals and plans must be aligned. The strategic management process has six major components, beginning with the establishment of the mission, vision, and goals of the company and ending with strategic control.
The narrator describes how someone creates the mission while someone else identifies the steps that make the mission happen. The steps are known as what?
a. Top of Form
b. strategic vision
c. strategy stepping
d. strategic mapping
e. strategic controls
f. strategy implementation
Explanation:
Strategic planning is important to an organization because it provides a sense of direction and outlines measurable goals. Strategic planning is a tool that is useful for guiding day-to-day decisions and also for evaluating progress and changing approaches when moving forward.
Which of the following is NOT a benefit of setting goals?A. You can focus on important things B. You can take control of your life C. You will be more confident D. All of these
Answer:
C. You will be more confident
Explanation:
When you consistently set goals in life, it helps you greatly in many ways. For example, you become more focused in regards to what you want in life because you have already set a goal and will work towards to achieve in life. It also helps you taking control of your future. You can manage your timetable for future and all the things you want to o in your life.
However, setting goals may not help you become more confident. Confidence is something that comes from within a person. You have to work on many things to gain confidence in life. Only setting goals will not be sufficient.
Neon Light Company has $1,000,000 in assets and $600,000 of debt. It reports net income of $100,000.A) What is the return on the assets?
B) What is the return on the stockholders' equity?
C) If the firm has an asset turnover ratio of 3 times, what is the profit margin (return on sales)?
Answer:
a. 10%
b. 25%
c. 3.3%
Explanation:
return on the assets = net income / total assets = $100,000 / $1,000,000 = 0.1 = 10%
return on the stockholders' equity = net income / total equity
Equity = Assets - liabilities = $1,000,000 = $600,000 = $400,000
return on the stockholders' equity = $100,000 / $400,000 = 0.25 = 25%
profit margin = Net income / Revenue
asset turnover ratio = Revenue / total assets
3 = Revenue / $1,000,000
Revenue = $1,000,000 x 3 = $3,000,000
$100,000 / $3,000,000 = 0.033 = 3.3%
________ engineering has resulted in the simultaneous performance of product and process design activities.
Answer:
D) Concurrent
Explanation:
These are the options for question
A) Stepwise
B) Progressive
C) Incremental
D) Concurrent
E) Discrete
Concurrent engineering helps to develop product design and process, it allows processes to take place simultaneously during production which makes the process to be attained at short period of time with great yield in order to meet the customers expectations.
It should be noted that Concurrent engineering result in simultaneous performance of product and process design activities.
A bonds price and its yield to maturity are inversely related because:________.
Answer: increase in the yield to maturity will lower a bond's coupon rate and hence its price.
Explanation:
The yield to maturity is the percentage of return that'll be paid on a bond as long as the investor holds the security till it matures.
It should be noted that the price of a bond moves inversely with the yield to maturity as a rise in the yield to maturity leads to a reduction in the bond's price and a reduction in the yield to maturity will bring about increases in price of a bond
Ken pays $4803.60 for a 3-year annuity of $2,000 per year. What is the Internal Rate of Return?
Answer:
the internal rate of return is 12%
Explanation:
The computation of the internal rate of return is shown below:
Year Particulars Amount
0 Initial cost -$4,803.6 (C2)
1 Year 1 cash inflows $2,000 (C3)
2 Year 2 cash inflows $2,000 (C4)
3 Year 3 cash inflows $2,000 (C5)
IRR 12.00%
Use this below formula
=IRR(C2:C5)
Hence, the internal rate of return is 12%
Geese Company utilizes the dollar-value LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 64% based on current-period purchases. The company determined that beginning inventory at retail was $200,000 and that ending inventory at current-year retail prices was $250,000. The current-year price index is 1.10. During the current year, a new inventory layer at base-year retail prices was added in the amount of:__________ (round your answer to the nearest dollar amount)
Answer:
$27,273
Explanation:
Calculation for the new inventory layer at base-year retail price
Using this formula
New inventory layer at base-year retail prices=(Ending inventory at current-year retail prices/Current-year price index) - Beginning inventory at retail
Let plug in the formula
New inventory layer at base-year retail prices=($250,000/1.10) - $200,000
New inventory layer at base-year retail prices=
$227,273 - $200,000
New inventory layer at base-year retail prices=$27,273
Therefore During the current year, a new inventory layer at base-year retail prices was added in the amount of: $27,273
Write 5-7 words that are similar to marketing. What words come to your mind when you think of marketing?
Answer:
sell, retail, trade, advertise, promote, buying,
Explanation:
Which of the following is defined as options "sales literature"?A. Member firm options websiteB. Standard option worksheetC. Options memorandums for internal useD. Letters of an "individual" nature sent to customers
Answer:
B. Standard option worksheet
Explanation:
sales literature are reffered to materials needed to pass information to the consumer so that they can be convinced to buy the product that a company is producing. This is very important in business to increase sales in order to have good returns.
It should be noted that this material could be Standard option worksheet, even price list and others.
Therefore, among the given options, only Option" B" defined as options "sales literature".
Which function can NOT be performed using the Conditional Formatting option?
Answer:
Use conditional formatting to dynamically underline in red and green any language or spelling errors on a worksheet.
Explanation:
Alignment is the right response. In Microsoft Word, the option for character alignment is not available.
You can use conditional formatting to add unique formatting to spreadsheet cells that satisfy particular requirements. You can apply a vast library of pre-set conditions in Excel pretty easily, or you can use Excel formulae to create your own conditional formatting rules.
What are the formatting features in Excel?In Excel, the format cells function is used to change the formatting of cell numbers without changing the actual number. We can alter the quantity, alignment, font style, border style, fill options, and protection with the aid of the format cells. Right-clicking the mouse allows us to access this option.
Data bars, color scales, icon sets, values that are rated top or bottom, values that are above or below the average, values that are unique or duplicates, and conditional formatting types that compare table columns to decide which cells to format are not available in Excel 97-2003.
Thus, Conditional formatting allows you to add special formatting to spreadsheet cells that meet certain criteria.
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You have a machine that is staffed 8 hours per day. The average throughput rate is 28 batches per day, and the setup time is 5 minutes per batch. The plant operates 16 hours per day but the machine is staffed for 8 hours.
i. Average processing time per unitii. MTT per unit
Complete Question:
You have a machine that is staffed 8 hours per day. The average throughput rate is 28 batches per day, and the setup time is 5 minutes per batch. The plant operates 16 hours per day. For a batch size of 20 units, calculate....
i. Average processing time per unit
ii. MTT per unit
Answer:
i. 0.25 Minutes per unit
ii. 1.46 Minutes per unit
Explanation:
As we know that:
Average Processing Time per Unit = Total Available time / Units Processed per Day
Now, as we know that
Units Processed per Day = Batches Processed per Day * Units per Batch
And
Total Available Time = Operating time per day - Batches setup time per Day
By putting these two values in the above equation, we have:
Average Processing Time per Unit = (Operating time per day - Batches setup time per day) / (Batches Processed per Day * Units per Batch)
Here
Operating time per Day 16 Hours per day
Batches setup time per day = 28 Batches * 5 minutes per batch / 60 minutes = 2.33 batches per hour
Batches Processed per Day are 28 batches per day
Units per Batch are 20 units per batch
By putting values, we have:
Average Processing Time per Unit = (16 Hours per Day - 2.33 Hrs) / (28 Batches * 20 Units)
= (13.67 Hours) / (560 Units)
= 0.024405 Hours, which means that average time per unit is 1.46 Minutes per Unit (0.024405 Hours * 60 minutes).
Requirement 2:
We can compute Manufacturing Throughput Time by using the following formula:
Manufacturing Throughput Time = Machine Setup time / Batch size
Here
Machine Setup time is 5 Minutes
Batch Size is 20 Minutes
By putting the values, we have:
Manufacturing Throughput Time = 5 minutes / 20 minutes
= 0.25 minutes per unit