Answer:
B. False ( "Large lot sizes" is not considered essential for JIT )
Explanation:
Just in time is an arrangement and alignment of raw material supply with the production process of the business. It minimizes the holding cost, lead time required for delivery of raw material, the setup times and sizes of orders.
The Large lot sizes is not a characteristics of JIT because it may requires the storage facility to place the large orders until used in production which might increase the holding cost.
So, Large Lot Sizes are not considered essential for a comprehensive JIT implementation.
For the month of May 2020, Ceres Corporation, which uses the direct write-off method in accounting for uncollectible accounts receivable, has the following information: Cash sales $40,000 Cash received on accounts receivable $32,000 Accounts receivable, May 1, 2020 $105,000 Accounts receivable, May 31, 2020 $92,000 Accounts receivable written off as uncollectible $2,000 What are the gross sales for May 2020
Answer and Explanation:
$61,000 = 40000+32000-13000+2000
Find the difference between the beginning and ending accounts receivable.
$105,000 - $92,000 = $13,000
Subtract this from the cash received on accounts receivable to find the amount of credit sales.
$32,000 -$13,000 = $19,000
Add this to the cash sales.
$19,000 + $40,000 = $59,000
Adjust for the direct write offs.
$59,000 + $2,000 = $61,000
Answer:
$61000
Explanation:
Gross sales refers to the total number of sale transactions that occurred in a given period. From the given data,
Difference between ending (may 31) and beginning (may 1) account receivables
= 105000 - 92000
= $13,000
Next, cash received on accounts receivable is subtracted from $13,000 to find the amount of credit sales.
Thus,
32,000 - 13,000 = $19,000
This is added to the cash sales of 40,000
Thus,
19,000 + 40,000 = $59,000
Adjust for the direct write offs
Therefore
Sales + Uncollectible = gross sales
59000 + 2000
= $61000
The best strategic alliances are those which help a company move quickly from one strategic group to another. aim at raising an industry's barriers to entry. are those whose purpose is to create an industry key success factor. are highly selective, focusing on particular value chain activities and on obtaining a particular competitive benefit. involve joining forces in R&D to develop new technologies cheaper than a company could develop the technology on its own.
Answer:
TRUE
Explanation:
Companies enter into strategic global business alliances for variety of reasons. One of the most important reasons is to gain access to another company's knowledge or resources. Companies can also decide to join forces to develop new products or to enter a market that neither could enter alone.
The best strategic alliances are those which help a company move quickly from one strategic group to another.
1. aim at raising an industry's barriers to entry.
One characteristic of strategic alliance is that a well-conceived alliance can mean a head start in a market, possibly even preventing other competitors from entering.
2, are those whose purpose is to create an industry key success factor.
Forming strategic alliances is one approach to establishing standards in an industry.
3. are highly selective, focusing on particular value chain activities and on obtaining a particular competitive benefit.
Strategic Alliances involves sharing research and development costs and facilities provides good value for money, while sharing expertise can speed up the process. The sharing of expertise is to obtain a particular competitive benefit.
4. involve joining forces in R&D to develop new technologies cheaper than a company could develop the technology on its own.
As stated in point 3 above, Sharing research and development costs and facilities provides good value for money, while sharing expertise can speed up the process.
Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinced that it needs a 45% markup based on cost. The most that Ski Market can pay to its supplier for the snowboards is:
Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinced that it needs a 45% markup based on cost. The most that Ski Market can pay to its supplier for the snowboards is $71.49.
Explanation:
people will pay for the snowboards is $129.99.Ski Market is convinced that it needs a 45%The most that Ski Market can pay to its supplier for the snowboard is= [tex]\frac{129.99}{100}[/tex]×45=$ 58.5=129.99 ±58.5= $71.49Therefore, Ski Market can pay to its supplier for the snowboards is $71.49.
Final answer:
Using a 45% markup based on cost and a maximum selling price of $129.99 for the snowboards, Ski Market can afford to pay a maximum of $89.65 to its supplier for each snowboard.
Explanation:
To calculate the maximum amount Ski Market can pay to its supplier for the snowboards, we need to use the concept of markup based on cost. Given that the selling price is capped at $129.99 and the required markup is 45%, we can determine the maximum cost Ski Market can afford to pay for the snowboards. The selling price is a combination of the cost to Ski Market plus the markup. The markup can be calculated as a percentage of the cost.
The formula to find the cost (C) based on the selling price (S) and markup percentage (M) is:
C = S / (1 + M)
We plug in the given selling price and markup percentage:
C = $129.99 / (1 + 0.45)
C = $129.99 / 1.45
C = $89.65 (rounded to two decimal places)
Therefore, the most that Ski Market can pay to its supplier for the snowboards is $89.65.
Vernon spends the following percentages of his budget on the following goods: 23 percent on good A, 11 percent on good B, 1 percent on good C, and 3 percent on good D. For which good is price elasticity of demand the highest, ceteris paribus?a. good A.
b. good B.
c. good C.
d. good D.
Answer:
A) good A.
Explanation:
Good A represents the highest percentage of Vernon's budget, so naturally any price change related to good A will affect Vernon greatly and may cause him to change the quantity purchased of that good. Even the price of substitutes or complements of that good will have a large impact in Vernon's purchase decisions.
Suppose that coffee growers sell 200 million pounds of coffee beans at $2 per pound in 2015 and 240 million pounds for $3 per pound in 2016. Based on this information, we can conclude that the:______.a. law of supply has been violated. b. law of demand has been violated. c. demand for coffee beans has increased. d. supply of coffee beans has increased.
Answer:
B and C
Explanation:
The law of demand states that the higher the price, the lower the quantity demanded. This means that at a higher price, the quantity of coffee that should be demanded should decrease.
Hence, since there was an increase in the price of the coffee per pound in 2016, we expect that there should be less sales. Instead, there was still an increase.
Also, we can see that the the demand for coffee has increased. More pounds of coffee is needed which creates an increase in supply which thus has driven up the price
Ellie is spending her entire income on goods X and Y. Her marginal utility from the last unit of X is 100 and the marginal utility from the last unit of Y that she consumes is 50. Ellie's utility is only maximized if
Answer:
The price of good X is twice the price of good Y
Explanation:
Utility can be defined as the amount of satisfaction that one can derive from consuming a product.
Marginal utility is the additional utility derived from consuming an extra unit of a product.
Total Utility is the total satisfaction one derives from consuming all units of a product.
Because consumers are rational and they want to spend the least amount to get maximum utility, they are at equilibrium at the point where Marginal Utility of product X divided Price of X is equal to the Marginal Utility of product Y divided by Price of Y.
So for utility to be maximized it means that the price of good X has to be twice the price of good Y.
If we apply the standard model of capitalism to prime-time television programming, the television network is the producer, ________ are the product, and advertisers are the consumers.
Answer:
Audience
Explanation:
In the situation of prime-time television, we can describe producers who make a wide network to give a platform for Products.
In this case, products refer to an individual who watches or use to see televisions, and advertisers want that audience to see their advertisement, and fulfill their satisfaction so, consumers considered as advertisers.
Final answer:
In the standard model of capitalism applied to prime-time television programming, the network acts as the producer, the viewers are the product, and advertisers are the consumers. The network's goal is to attract a large audience to sell to advertisers.
Explanation:
When applying the standard model of capitalism to prime-time television programming, the television network operates as the producer. In this context, the viewers are the actual product being delivered, while the advertisers represent the consumers. This is because the business model for commercial television networks primarily revolves around attracting viewers to sell the 'eyeballs' of these viewers to advertisers. The advertisers pay the networks to have their commercials aired during programs with high viewership, betting on the large audiences to market their products and services. Producers are often compared to CEOs or business owners, overseeing all aspects of creating and distributing a television show. They manage the team, marshal resources, and make critical decisions to ensure the success of the program. The end goal is to deliver content that will garner high ratings and, in turn, attract advertisers willing to pay for access to a large pool of viewers.
For inventoriable costs to become expenses under the matching principle
Answer:
b.) Product to which they attach must be sold
Explanation:
According to the matching principle, the expenses incurred of a particular period should be matched with the revenues earned for that particular period
In other words, the revenues and the expenses should be matched
In the given case, for becoming the expenses, its important to sold the product so that it creates the revenue for the organization
The matching principle requires inventoriable costs to be recognized as expenses when the product is sold. These costs are initially recorded as an asset on the balance sheet and transferred to cost of goods sold on the income statement. Not all costs incurred to produce a product are considered inventoriable costs.
Explanation:The matching principle is an accounting concept that requires the recognition of expenses in the same period as the revenues they help generate. In the case of inventoriable costs, these are the costs incurred to produce a product. These costs are initially recorded as an asset on the balance sheet under inventory. When the product is sold, the cost is transferred from inventory to cost of goods sold (COGS) on the income statement, matching the expenses with the revenues.
For example, let's say a company manufactures and sells bicycles. The costs of purchasing raw materials, labor, and overhead to produce the bicycles are considered inventoriable costs. When the bicycles are sold, the costs incurred to produce them are recognized as expenses on the income statement, reducing the company's net income.
However, it's important to note that not all costs incurred to produce a product are considered inventoriable costs. Some costs, such as selling and administrative expenses, are expensed in the period they are incurred and are not included in the calculation of inventoriable costs.
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Forecasting drives all of the key business functions. Among the following cases, select the cases that are the least suited for the use of quantitative forecasting. (1). Demand of radically innovative new product (2). Supply of agricultural products (3). Demand of commodities (4). The rate of new product production
Answer:
(1). Demand of radically innovative new product
Explanation:
Forecasting refers to a decision making tool for planning and making estimates of future projections. This is usually achieved by relying on past events to determine future outcomes.
There are two forecast types, namely; judgment-based and quantitative.
The combination of the two types helps to get the best outcome as it aids to mitigate weaknesses.
Answer:
1)Demand of radically innovative new product
Explanation:
Remember radically Innovative new products are quality-focused so that consumers see value to be derived from them before making demands.
Therefore it best suited for qualitative forecasting rather than quantitative forecasting.
Unrelated diversification is a corporate-level strategy in which firms own unrelated businesses and attempt to increase their value through an internal capital market and/or the use of:
Answer:
General Organizational Competencies
Explanation:
Internal capital markets refer to a situation whereby a company assesses the performance of it's different business divisions and decide the proportion of funds to be allocated.
Unrelated diversification refers to a situation wherein a business enters new unknown markets, adding an altogether new product which is non related to it's current offerings. Such business expansion or diversification is risky as there are more uncertainties involved.
Firms in such form of diversification attempt to increase their market value by focusing upon utilizing internal capital market for allocation of funds and at the same time utilizing it's general organizational competencies which would be the areas and functions wherein the firm holds a competitive edge.
Answer:
asddddddddddd
Explanation:
Goods Guys Foods established a trust fund that provides $125,000 in scholarships each year for needy students. The trust fund earns a fixed 7.25 percent rate of return. How much money did the firm contribute to the fund assuming that only the interest income is distributed
Answer:
$1,724.138
Explanation:
Given:
Payment received each year = $125,000
Rate of return = 7.25 % = 0.0725
Present value = ?
Computation of Present value:
Present value = Payment received each year / Rate of return
= $125,000 / 0.0725
= $1724137.93
Present value = $1724137.93
Present value = $1,724,138 (approx)
Therefore, firm have to contribute $1,724.138
Each year, a cyber cafe charges its customers a base rate of $25, with an additional $0.30 per visit for the first 50 visits, and $0.10 for every visit after that. How much does the cyber cafe charge a customer for a year in which 72 visits are made?
Answer:
$42.2
Explanation:
The base rate is $25
The first 50 visits cost $.30 per visit. The total for the first 50 visits will be:
50 X $.30
= 50 x 0.30 =$15
After the first 50 visits, the customer pays $.10 per visit. The no. of visits after 50 will be 72- 50.
Costs after 50 visit will be 22 X .10
=22 x .10= $2.2
The total amount the customer will pay is $25 + $15 + $2.2
=$42.2
Final answer:
The total charge for a customer making 72 visits in a year to the cyber cafe is $42.20. This includes a base rate of $25, $15 for the first 50 visits, and $2.20 for the remaining 22 visits.
Explanation:
To calculate the total annual cost for a customer who makes 72 visits to the cyber cafe, we must first calculate the charges for the first 50 visits and then for the remaining visits. The first 50 visits are charged at $0.30 per visit and the subsequent visits are charged at $0.10 per visit.
The cost for the first 50 visits is 50 visits × $0.30/visit = $15.00. For the 22 additional visits (72 total visits - 50 initial visits = 22 additional visits), the cost is 22 visits × $0.10/visit = $2.20.
Now, we add the base rate of $25 to the costs of the visits:
Base rate: $25.00
Cost for first 50 visits: $15.00
Cost for additional 22 visits: $2.20
Total cost for 72 visits: $25.00 + $15.00 + $2.20 = $42.20
Therefore, the cyber cafe charges a total of $42.20 for a customer who makes 72 visits in a year.
In the simple Keynesian model, Multiple Choice Inflation becomes a problem only if demand increases at full employment. Inflation is a problem whenever demand increases. Inflation is never a problem. Inflation is a problem whenever demand decreases.
Answer:
In the simple Keynesian model, inflation becomes a problem only if demand increases at full employment.
Explanation:
In the Keynesian view, price inflation is mainly the result of relative changes in supply and demand, which lead to price changes. Changes in the money supply have no direct influence here. According to this school, the money supply is the result of money creation by the banking system; but this plays only a limited role in the process.
In this vision, a distinction is made between:
- Demand inflation: Inflation occurs when the aggregated demand for goods and services increases, with an initially constant supply.
-Cost inflation: Inflation occurs if there is a sudden decrease in supply when demand remains the same.
The National Independent Automobile Dealers Association (NIADA) comprises 50 largely independent state-level organizations that provide membership benefits to car dealers. NIADA is an example of a group with a ________ organizational structure.
Answer:
confederal
Explanation:
Confederal organisation structure is a union of sovereign groups that come together for a common purpose. It is characterised by a weak central structure with the group's being independent.
Distribution of power among the group's is variable. Decisions made are as a.result of consensus between parties involved.
In the scenario the National Independent Automobile Dealers Association (NIADA) is made up of 50 largely independent state-level organizations.
They come together to provide membership benefits to car dealers.
The is a form of confederal organisation structure.
The bonds issued by manson amp; son bear a coupon of 6 percent, payable semiannually. the bond matures in 15 years and has a $1,000 face value. currently, the bond sells at par. what is the yield to maturity?
Answer:
The Yield to maturity is 6%
Explanation:
As we know
If a bond is selling at a discount, the bond's coupon rate is less than its YTM.If a bond is selling at a premium, the bond's coupon rate is more than its YTM.If a bond is selling at a par, the bond's coupon rate is equal to its YTM.So, the given bond is selling at par
Yield to maturity = Bond Coupon Rate
Yield to maturity = 6%
The yield to maturity of a bond is the total return the investor will earn by holding the bond until it matures. For this bond, since it sells at par, the yield to maturity is equal to the coupon rate of 6%.
Explanation:The yield to maturity of a bond is the total return the investor will earn by holding the bond until it matures. To calculate the yield to maturity, we need to consider the bond's coupon rate, face value, and current market price. In this case, since the bond sells at par, or its face value, the yield to maturity will be the same as the coupon rate. The coupon rate is 6%, so the yield to maturity is also 6%.
It is important to note that the yield to maturity may vary if the bond is not selling at par. If the bond is selling at a premium (above face value) or at a discount (below face value), the yield to maturity will be different from the coupon rate.
For example, if the bond sells at a discount, the yield to maturity will be higher than the coupon rate. Conversely, if the bond sells at a premium, the yield to maturity will be lower than the coupon rate.
A real estate licensee was representing a buyer. At their first meeting, the buyer explained that he planned to operate a dog grooming business out of any house he bought. The licensee did not check the local zoning ordinances to determine in which parts of town such a business could be conducted. Which agency duty did the licensee violate?
Answer:
The Duty of Care has been violated
Explanation:
There are six common law fiduciary duties which the investor and buyer must consider before he go ahead and these are:
CareObligationLoyaltyDisclosureAccounting ConfidentialityThe licensee didn't checked the local zoning ordinance for dog grooming which means first principle "Care" has been violated here because the licensee doesn't bother to see if it might affect the normal life of the people around his business.
Rodney was employed by Deluxe Discount Store. Rodney's manager directed him to check the prices of dog food at Huge Savings Store. The manager of Huge Savings Store saw Rodney writing down prices and asked him to leave. Rodney, fearful that he would be fired by Deluxe, refused to leave. Rodney committed the tort of:_______.a. larceny.b. trespass.c. misrepresentation.d. conversion.
Answer:B. Trespass
Explanation:Tort is a legal term used to describe both intentional an unintentional crime committed against another which resulted in harm,Tort is also a civil wrong which is committed against the laws of the land and it is punishable under the law.
The type of tort committed by Rooney is the tort of TRESPASS which means an unauthorized entrance into another person's Organisation's space either intentionally or not intentional.
Currently Nemonix is using a decentralized collection system whereby customers mail their checks to one of the firm’s eight regional locations. Its annual sales are $95 million. Checks are deposited each business day in a local bank and the amount of the deposit is sent to the firm’s concentration bank in Dallas. The average time between deposit in the local bank and the availability of those funds, in Dallas, to Nemonix is 6 days. Nemonix has determined that the use of wire transfers would reduce the float by four days, but the transfer will cost $7.50. If transfers will be made on the 250 days that banks are open each year, should Nemonix switch to the wire transfer system? Assume that Nemonix can earn 8% on the funds released through this more efficient transfer.
Answer:
A) Yes; savings of $106,600
Explanation:
the total cost of making 250 money transfers = 250 transfers x $7.50 per transfer = $1,875 x 8 banks = $15,000
Neumonix can earn 8% on the funds released, so their total additional revenue = ($95,000,000 / 250 transfers) x 8% = $380,000 x 8% = $30,400 x 4 days = $121,600
Neumonix total savings = additional revenue - additional costs = $121,600 - $15,000 = $106,600
Yes, Nemonix should switch to wire transfer system because she would have savings of $106,600
First, we would determine the total cost of making 250 money transfers.
= 250 transfers * $7.50 per transfer
= $1,875
We will then multiply the above with the number of regional banks
= $1,875 * 8 banks
= $15,000
Again, we were told Neumonix can earn 8% on the funds released, hence, their total additional revenue would be ;
= ($95,000,000 / 250 transfers) x 8%
= $380,000 x 8%
= $30,400 x 4 days
= $121,600
Therefore,
Neumonix total savings
= Additional revenue - Additional costs
= $121,600 - $15,000
= $106,600
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John, a product manager, ensures that his team has regular meetings and no team member is absent during the meetings. He also ensures that all the members of his team work together in all the projects the company receives. John has modified the workplace accordingly to facilitate teamwork. In this scenario, John is attempting to increase his team's ___________.
Answer:
Cohesiveness
Explanation:
By getting his team to work together and also attend meetings regularly, John is attempting to increase his team's cohesiveness.
This is because all of the activities that John is getting his team involved in is to ensure they work together and get used to each other, be comfortable around each other and understand each other. When all of these aforementioned are imbibed by the team members, the team would have a close bond which in turn will increase the efficiency and productivity of the team.
I hope this helps.
A client has a Cash Account at a broker-dealer and one week ago was sold out of a position for failure to make prompt payment. The customer has now decided to buy 100 shares of ABC common stock @50. This client will be required to:________.
A client has a Cash Account at a broker-dealer and one week ago was sold out of a position for failure to make prompt payment. The customer has now decided to buy 100 shares of ABC common stock 50. This client will be required to
[A] make the required Reg T 50% deposit using regular-way settlement.
[B] make the required payment in full for the purchase using regular-way settlement.
[C] make the required payment in full for the purchase prior to entering the order because the account would be frozen.
[D] wait 90 days prior to entering the order to buy the stock because the account would be frozen.
Answer:This client will be required to make the required payment in full for the purchase prior to entering the order because the account would be frozen.
Explanation:If someone has been traded out for failure to make the immediate payment that the record must be halted for 90 days. When a report is prohibited for 90 days the will keep sufficient cash to reach the entire trade value ere the order to purchase is entered. Since this is a Cash account, they will not be permitted to invest 50% of the acquisition price, as this is just conceded in a margin account.
The record is prohibited so the would not be entitled to obtain payment practicing a regular way settlement. When a record is prohibited , they must deposit funds ere registering orders to purchase but are not prevented from obtaining purchases.
Ed is looking over the actual results of projects and comparing them to what was estimated. He notices that projects that took six months or longer to complete were noticeably more off the estimates. Which of the following factors is he recognizing?
A. Padding estimates
B. Planning horizon
C. Project structure
D. People
E. Organization culture
Answer:
B. Planning Horizon
Explanation:
Planning horizon is the time period estimated for a project when preparing a strategic plan. It is the time frame that is required for a specific amount of work that is scheduled based on requirements and resource availability. In this case, Ed notices that the project took 6 or more months to complete. Therefore they were very off in their planning horizon as the estimated time frame giving the project requirements and resource availability was 6 or more months off.
Final answer:
Ed is noticing the effect of the planning horizon on project estimates, where projects with longer durations are more likely to deviate from initial estimates due to increased uncertainty and variables over time.
Explanation:
Ed is recognizing the impact of the planning horizon on project estimates. The planning horizon refers to the timeframe for which an activity or project is being planned. The further out into the future an activity is, the harder it is to estimate accurately due to increasing variables and uncertainties. The longer the planning horizon, the greater the margin of error in the estimates, which is especially true for sequential methods of project management. This contrasts with iterative methods, where the focus is on estimating shorter, upcoming activities, thereby reducing uncertainty.
Adjustment of estimations throughout the project is important based on what is learned from completed tasks. Utilizing historical data and expertise can improve the accuracy of estimates. For longer projects, such as those extending beyond six months, there is a greater probability of deviation from initial estimates, highlighting the need for ongoing review and adjustment.
Eagle Life Insurance Company pays its employees $.30 per mile for driving their personal automobiles to and from work. The company reimburses each employee who rides the bus $100 a month for the cost of a pass. Tom, in his Mazda 2-seat Roadster, collected $100 for his automobile mileage, and Mason received $100 as reimbursement for the cost of a bus pass.Assume that Tom and Mason are in the 24% marginal tax bracket and the actual before-tax cost for Tom to drive to and from work is $0.30 per mile. What are Tom's and Mason's after-tax costs of commuting to and from work?
Answer:
Tom must include the $100 in his gross income while Mason doesn't. Tom must include the $100 in his gross income, the after tax cost of commuting to work = $100 x marginal tax rate (24%) = $24. Since Mason is not required to include the $100 in his gross income, his after tax cost = $0.
Karen Bates has owned several automobiles from her favorite brand. Therefore, when deciding to purchase a new car for her daughter, her brand loyalty made the decision easy. Consequently, she gifted her daughter the latest model of that brand. According to the functional theory of attitudes, this scenario relates to the _____.
Full question:
Karen Bates has owned several automobiles from her favorite brand. Therefore, when deciding to purchase a new car for her daughter, her brand loyalty made the decision easy. Consequently, she gifted her daughter the latest model of that brand. According to the functional theory of attitudes, this scenario relates to the _____.
a. utilitarian function of attitudes
b. knowledge function of attitudes
c. ego-defensive function of attitudes
d. reinforcement function of attitudes
e. bilateral function of attitudes
Answer:
According to the functional theory of attitudes, this scenario relates to the knowledge function of attitudes
Explanation:
The knowledge function relates to our demand which is constant and moderately stable. This enables us to predict what is expected to happen, and so provides us a sense of command. Attitudes can assist us to plan and structure our activity.
They encourage people to ascribe reasons for events and immediate attention towards the opinions of people or circumstances that are possible to be beneficial in making sense of them. Consequently, they accommodate to obtain the world more comprehensible, foreseen, and obvious. Understanding a person’s attitude encourages us prophesy their behavior.
What is the name of the website that you complete your entrance and exit counseling on?
Answer:
7mmmm
Explanation:
Omega corporation and precision products, inc., are the principal suppliers of their product in their market. they agree that omega will sell exclusively to retailers and precision will sell exclusively to wholesalers. under the sherman act, this is
Answer:
A per se violation
Explanation:
A per se violation is one that violates antitrust laws for example agreements made that violates the Sherman antitrust act. It has adverse effects on the competitiveness of a market.
Sherman antitrust act of 1980 is aimed at regulating competitiveness in a market. It prohibits anticompetitive agreements, and unilateral activities that tries to monopolize a market.
In this scenario Omega corporation and precision products, inc., are the principal suppliers of their product in their market. They make an agreement that one will focus on retailers and the other on wholesalers.
This is an attempt to monopolize the market by the two principal suppliers, and is a violation of the Sherman antitrust act.
When planning a trip, you observe that there are two non-stop daily flights to your destination. Upon doing some research, you find out that the early flight sells out 60% of the time and the later flight sells out 50% of the time. Based on this information, both flights must sell out at least ____% of the time.
Answer:
10%
Explanation:
The probability that one or the other will sell out is the summation of both flights probabilities.
Probability of either selling out= 60% + 50%
Probability of either selling out= 110%
The probability that both will sell out is 100%- (Probability of one or the other selling out)
Probability of both selling out= 100-110
Probability of both selling out= 10%
Valerie contracts with Esteban, who agrees to build a stone retaining wall and drain on her property. The wall and drain are necessary to prevent erosion of her land, which is falling into the creek on her property at a rapid rate. If Esteban breaches the contract, Valerie is under a legal obligation to:__________.
a. wait until Esteban is prepared to build the wall and drain.
b. mitigate her damages.
c. do nothing, because she is the innocent party and thus has no legal duties.
d. absorb all of the costs associated with the property erosion caused by Esteban's breach.
Answer:
mitigate her damages.
Explanation:
Mitigate is the act of reducing or making less. To mitigate damages means the way a plaintiff reduces injury by taking certain steps. When a contract is breached to wronged party is expected to take measures to reduce harm.
Valerie can take any action that will prevent erosion on her land. So to avoid additional loss she can for example hire another person that will be able to build a stone retaining wall to prevent erosion on her land
Crayon, a well-established beauty products company, partnered with the Lenora Birdstone Foundation, a nonprofit organization, to raise awareness about breast cancer and collect funds for setting up a cancer unit at a local hospital. The company accumulated a sum of $5 million by selling organic creams to more than 2,000 people. In this scenario, Crayon was most likely involved in _____.
Answer:
a cause-related marketing
Explanation:
Cause related marketing is one that it's primary goal is to promote a cause.
It involves a collaboration between a business and a non profit organisation that is mutually beneficial. In promoting the cause the business makes profit while the nonprofit organisation's cause is promoted. An example is when American Express launched a campaign in 1983 to raise money for restoration of Statue of Liberty.
Crayon partnering with the Lenora Birdstone Foundation, a nonprofit organization, to raise awareness about breast cancer and collect funds for setting up a cancer unit at a local hospital, is a form of cause related marketing.
A machine was not properly set-up/calibrated which caused a wide variation of quality of the products it produced. This type of variation is an example of _________________.
Answer:
Hi you haven't provided the options to the question so I will just give the answer in my own words and you can check with the options.
Answer is ASSIGNABLE VARIATION.
Explanation:
Variation is a lack of consistency. It can introduce waste and errors into a process, for example, a manufacturing process.
There are two sources of variation which are:
1. Natural variations: are random variations that are expected and are a part of almost every production process which results from a number of chance causes.
2. Assignable variations: are trend factors that can be traced to a specific reason, such as machine tear, fatigued workers or untrained workers, flawed principles, equipment that is not properly adjusted or calibrated, or raw material problems.
According to the question, a machine was not properly set-up/calibrated which caused a wide variation of quality of the products it produced. Since the cause (improper setup/calibration) can be traced to a specific reason, therefore, the type of variation is an example of ASSIGNABLE VARIATIONS.
Final answer:
A machine not properly set-up or calibrated causing wide product quality variation exemplifies systematic error, impacting measurement accuracy and leading to potential nonconformance issues in product quality.
Explanation:
A machine that was not properly set-up or calibrated, causing a wide variation of quality in the products it produced, is an example of systematic error. Systematic error results from faulty measurement practices leading to deviations from the true value, impacting the accuracy but not necessarily the precision of measurements. Such errors stem from sources like incorrectly calibrated equipment, procedural mistakes, and inappropriate physical environments for the processes involved. This contrasts with random error, which can be minimized with repeated measurements. In the context of quality control and process management, identifying and correcting systematic errors is crucial for maintaining consistent product quality. Nonconformance issues that arise from systematic errors fall into categories of critical, major, and minor based on the product defect severity. Correcting these errors often requires recalibrating equipment, revising procedures, or enhancing operator training to ensure the process meets specifications.
The employees of Leicester Services, Inc. worked the last two weeks of December 2016. They receive their paychecks on January 2, 2017. Which of the following accounts should appear on the income statement for the year ended December 31, 2016?
a. Salaries Expense
b. Prepaid Expense
c. Salaries Payable
d. Unearned Revenue
Answer:
C. Salaries Payable
Explanation:
Salaries payable are the statements of liability which include sums of any employees ' salaries that have not yet been paid.The balance in the account reflects a company's payroll obligation as of the balance sheet date. This account is known as an existing liability, as such charges are typically due in less than a year. In any of the cases the amount of payable salaries may be particularly high: there is a significant gap between the due date and the end of the reporting period; or the amount of salaries paid to all persons within the reporting period