Classify each of the following costs as a direct cost or an indirect cost, assuming that the cost object is the Juniors Department (clothing and accessories for teenage and young women) in the Stow Kohl's department store. (Kohl's is a chain of department stores and has stores located across the United States.)
a. Depreciation of the building
b. Cost of costume jewelry on the mannequins in the Juniors Department
c. Cost of bags used to package customer purchases at the main registers for the store
d. The Medina Kohl's store manager's salary
e. Cost of the security staff at the Medina store
f. Manager of Juniors Department
g. Juniors Department sales clerks
h. Cost of Juniors clothing
i. Cost of hangers used to display the clothing in the store
j. Electricity for the building
k. Cost of radio advertising for the store
l. Juniors clothing buyers' salaries (these buyers buy for all the Juniors Departments of Kohl's stores)
Answers
Answer:
a. Indirect Cost
b. Direct Cost
c. Indirect Cost
d. Indirect Cost
e. Indirect Cost
f. Direct Cost
g. Direct Cost
h. Direct Cost
i. Indirect Cost
j. Indirect Cost
k. Indirect Cost
l. Direct Cost
Explanation:
The first step in determining whether a cost is a direct cost or indirect cost is to identify the cost object. This is very important !
So with Juniors Department selected as the cost object, we then need to identify costs that can be directly traced by observation into the Juniors Department (Direct Cost) and those costs that can not be directly traced to the Juniors Department (Indirect Costs).
Related Questions
155 million people were working in the US in 2016. If 42% of all people working were baby boomers, how many were working in 2016? If 15% of the baby boomers retire within 10 years, how many jobs will this represent from 2016 employment?
Answers
Answer:
65,100,100 baby boomers were working: 6.3 %
Explanation:
In 2016, 155,000,000 people were working.
42 percent were baby boomers,
The actual number of baby boomers were
= 42/100 x 155,000,000
=0.42 x 155,000,000
=65,100,100 baby boomers were working
If 15 percent of baby boomers were to retire in 10 years
The number ow retirees will
=15% of 65,100,100
=15/100 x 65,100,100
=0.15 x 65,100,100
=9, 765,015
As a percentage of the number of people working in 2016
= 9, 765,015/155,000,000 x 100
=0.0630000 x 100
=6.3 %
Big Lots is able to compete against Wal-Mart with a cost leadership strategy because of its strengths in highly disciplined merchandise cost and inventory management system. This illustrates the
Answers
Answer:
Big Lots is able to compete against Wal-Mart with a cost leadership strategy because of its strengths in highly disciplined merchandise cost and inventory management system.
Explanation:
fact that support activities in the firm can provide sources of cost reduction
Project Organization:with the aid of diagram,explain the difference between functional,matrix and project organization
Answers
The degree of power, authority, and resources available to a project manager will be determined by the organizational structure. A typical functional organization delegates very little, if any, power to the project manager, but a projectized organization delegates substantial responsibility to the project manager.
What is a Functional Matrix?A matrix structure is a sort of organizational structure in which personnel are organized into two distinct operational dimensions. For management purposes, functional structure separates the company into specialized functional divisions such as manufacturing, marketing, and sales.
A project management organizational structure is employed to establish the hierarchy and authority of those participating in a particular project. On a chart, the structure specifies each team member's function and the reporting lines for team members to refer to during a project.
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after meeting with the borrowers to complete a loan application, you return to your office and order a tri-merged credit report. now that you have a credit report, what loan disclosure must you now prepare and mail (or give) to them?
Answers
Notice to Home Loan Applicant
Can the borrower get a credit report?
The lender or broker is permitted by the Fair Credit Reporting Act to provide their client with a copy of the report they have obtained. However, if you decide to do so, you must be ready to explain the report to your customer and the information it contains.
Who is eligible for a loan is determined by lenders using what criteria?
To determine whether you are eligible for a personal loan, the majority of lenders look at your income, DTI ratio, credit score, and credit history.
What is included in a disclosure of a credit score?
In a nutshell, this is a disclosure that contains information such as the applicant's credit score, the range of possible scores, key factors that negatively impacted the credit score, the date of the score, and the name of the individual or organization that provided the score.
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1. As an entrepreneur, you need to be ethical as an individual as well as in your business behavior, since you will face both ethical decisions and ethical dilemmas while running your business. Describe either an ethical decision or dilemma you might encounter in a business that creates apps for cell phones. Explain your strategy for handling the decision or dilemma using the steps defined in the unit.
2. Ethical situations often arise within businesses. When they do, they typically fit within one of the following categories: bribes, conflicts of interest, conflicts of loyalty, or issues of honesty and integrity. Choose one of the ethical situations categories that require appropriate action. Define the category and provide an example. What makes it a challenge? How would you handle such a challenge?
3. Consumerism is a movement dedicated to protecting the rights of consumers in their interactions with businesses. How important is this movement to you as a consumer? How about as a business owner? Why? Explain your response to each question.
4. Imagine you work in a call center for a big bank. You understand that your employer has the duty to respect your privacy as an employee, but that duty may be impacted by company policies. How would you feel if you found out your employer was listening to your phone calls with customers and monitoring your social media accounts? Would your employer be following ethical practices or violating your privacy? Why or why not? Explain.
5. Suppose you are an entrepreneur with two partners. Upon reviewing inventory lists and sales transactions, you noticed discrepancies between what was recorded in inventory and the current stock, compared to what was sold during the previous month. An informant then reported that one of your partners has been stealing inventory and bragging about it to friends. What is your ethical responsibility as a business owner? What is your ethical responsibility to your other partner? How about to your company's shareholders? Discuss and explain.
THERE ARE FIVE SHORT ANSWER QUESTIONS THANK YOU
Answers
Conflicts of interest occur when an individual or organization is involved in multiple interests or relationships, and fulfilling one interest or relationship may compromise their ability to fulfill another.
Conflicts of interest can arise when an employee's personal interests or relationships conflict with the interests of the company, or when the company has competing interests.
In this scenario, the advisor's personal interest in earning a higher commission conflicts with their responsibility to act in the best interest of the client.
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Which of the following will increase supply of ice cream, a normal good?
A) An increase in the number of restaurants selling ice cream
B) An increase in the cost of milk, a key ingredient in ice cream
C) An increase in the price of cones used to serve ice cream
D) An increase in consumers’ income
E) A tax increase on ice cream distributors
Answers
in the short run, which of the following firms should attempt to produce where average costs are at a minimum in order to maximize profits or minimize losses?
a. perfectly competitive firm
b. a monopolistically competitive firm
c. an oligopoly
d. a monopoly
e. none of the above
Answers
Answer: A perfectly competitive firm
Explanation:
So question write a reflection as to why do employers want cross-functional skills.
Answers
Answer:
Employers today increasingly value cross-functional skills in their employees, and there are several reasons behind this growing trend. Reflecting on this phenomenon, I believe employers seek cross-functional skills primarily because they recognize the benefits that such skills bring to their organizations in terms of efficiency, adaptability, innovation, and collaboration.
Firstly, cross-functional skills enable employees to contribute to multiple areas within an organization. In today's complex and fast-paced work environments, tasks and projects often require collaboration across different departments or teams. Employees with cross-functional skills can seamlessly transition between various roles and functions, which reduces bottlenecks, enhances workflow, and increases overall productivity. This flexibility allows organizations to optimize their resources more effectively, ensuring that tasks are completed efficiently and deadlines are met.
Secondly, cross-functional skills contribute to organizational adaptability. In an era of rapid technological advancements and evolving market conditions, companies need to be agile and capable of responding to change. Employees with cross-functional skills possess a broader understanding of different functions, which enables them to adapt quickly to new challenges and take on diverse responsibilities. This adaptability helps organizations stay competitive and seize opportunities in a dynamic business landscape.
Moreover, cross-functional skills foster innovation within an organization. When employees have a diverse skill set and a broad understanding of different areas, they are more likely to identify creative solutions and approaches. By integrating knowledge and perspectives from various fields, cross-functional employees can bring fresh insights to problem-solving, leading to innovative ideas and processes. Employers recognize that fostering a culture of innovation is crucial for staying ahead in today's rapidly evolving markets, and cross-functional skills are a valuable asset in driving such innovation.
Lastly, cross-functional skills enhance collaboration and teamwork. Effective collaboration requires individuals to understand and appreciate the roles and perspectives of their colleagues from different departments or disciplines. Employees with cross-functional skills possess the ability to bridge communication gaps and facilitate collaboration between diverse teams. By promoting cross-functional collaboration, organizations can break down silos, foster a sense of shared purpose, and create a more cohesive and productive work environment.
In conclusion, employers seek cross-functional skills in employees due to the numerous advantages they bring to organizations. The ability to contribute across different functions, adapt to change, drive innovation, and facilitate collaboration are all essential for the success of modern businesses. As the workplace continues to evolve, individuals with cross-functional skills are well-positioned to meet the dynamic demands of the professional landscape and provide valuable contributions to their organizations.
Select all that apply.
What are the benefits of a long term loan?
1 you will pay fees
2 you have a lower monthly payment
3 you have longer to pay it
4 you can borrow more money
5 you can pay it off quickly
Answers
Regarding the advantages of a long-term loan, you have more time and a cheaper monthly payment. As a result, choices (2) and (3) are the right ones.
What is a long-term loan?You can repay a long-term loan over a longer period of time, such as five years or more. Higher loan amounts with longer repayment terms—often 15 years or more—are typically secured by an asset, such as your home.
The disadvantages of longer loan terms for personal loans include the fact that you will accrue more interest fees over time, you'll probably have to pay a higher interest rate, it will take you longer to pay off your debt, and you might have fewer options for who you can borrow from.
Hence, Options (2) and (3) are correct.
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What should you include on an income statement?
Select all correct answers.
1. income
2. expenses
3. net profit
4. all assets
Answers
All of the factors that have to be included in the income statement are:
1. income2. expenses3. net profitWhat is meant by the income statement?This is the term that is used to refer to the financial statement that would be made to show the revenue, the expenses and the profits that are made by a given company over a period of time. This is also called the earnings statement. It shows the revenue that is made from business.
Hence we can say that All of the factors that have to be included in the income statement are:
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How do you determine opportunity cost
Answers
Answer:
See below
Explanation:
Opportunity cost is described as the foregone benefit by preferring one option over others. Opportunity cost arises when a choice is being made from several possible alternatives. When the preferred option is selected, the benefits from the other alternatives are forfeited.
Opportunity cost is determined by evaluating the forfeited benefits. The benefits from the next best alternative are the opportunity costs. In other others words, the foregone advantages of the option ranked second is the opportunity cost.
1. Stock Values. Integrated Potato Chips paid a $2 per share dividend yesterday. You expect the dividend to grow steadily at a rate of 4 percent per year. a. What is the expected dividend in each of the next 3 years? b. If the discount rate for the stock is 12 percent, at what price will the stock sell? c. What is the expected stock price 3 years from now? d. If you buy the stock and plan to hold it for 3 years, what payments will you receive? What is the present value of those payments? Compare your answer to (b).
Answers
Answer and Explanation:
The computation of each point is shown below:-
a. Expected dividend in each of the next 3 years is
Dividend in year 1 = Current Dividend × (1 + growth rate)
= 2 × (1 + 0.04)
= 2.08
Dividend in year 2 = Dividend in year 1 × (1 + growth rate)
= 2.08 × (1 + 0.04)
= 2.1632
Dividend in year 3 = Dividend in year 2 × (1 + growth rate)
= 2.1632 × (1 + 0.04)
= 2.249728
b Price the stock will sell
Current Price = Dividend in year 1 ÷ (Discount rate - growth rate)
= 2.08 ÷ (0.12 - 0.04)
= 26
c. Expected Price 3 years from now is
Price in Year 3 = Dividend in year 4 ÷ (Discount rate - growth rate)
= [2 × (1 + 0.04)^4] ÷ (0.12 - 0.04)
= 2.33971712 ÷ 0.08
= 29.246464
d. The present value of payments received is
Year Dividend ÷ Price PVF at 12% Present Value of Dividend ÷ Price
0 2 1
1 Dividend 2.08 0.892857143 1.857142857
2 Dividend 2.1632 0.797193878 1.724489796
3 Dividend 2.249728 0.711780248 1.601311953
3 Price at
year 3 29.246464 0.711780248 20.81705539
Total 26
Note
Here the present value is the same as we have calculated in part b.
Lexi buys a food processor and uses it without any problems. She loans the processor to Jill, and Jill is injured when a part flies off the machine. If the former rule of privity of contract were in place, which of the following would be true?
Answers
Answer:
Jill cannot hold the manufacturer responsible for her injury.
Explanation:
The above question is incomplete as there are several answer options which are listed below;
• Jill can hold the manufacturer liable for her injury as long as Lexi was in the room when she got
• Jill can hold the manufacturer liable for her injury
• Jill cannot hold the manufacturer responsible for her injury
• Lexi can hold the manufacturer liable for Jill's injury.
The above answer - Jill cannot hold the manufacturer responsible for her injury, is true according to the rule of privity of contract. The rule states that a person who is not a party to a contract does not have right to sue or be sued and to enforce the obligations arising from the contract, unlike a person who is a party to the contract.
With regards to the above scenario, Lexi, who buys a food processor is the party to the contract here, hence can sue and be sued in case of any injury suffered by her, however, Jill whom food processor was loaned to, is the third party here, hence not covered by the rule of privity of contract.
In a statement of approximately 75 words explain why the economic systems in countries with dictatorships or closed systems of government tend to be less prosperous and do not have healthy economic policies or markets.
Answers
The economy in countries with dictatorships or similar governments is often less prosperous because these countries usually have closed economy systems and this limits the profit from trading, the materials for manufacture, among others.
Most countries with authoritative governments such as dictatorial ones support closed economy systems, this means:
The country does not trade with others.There are no exportations and importations.All the good citizens buy are produced within the borders of the country.These characteristics have been found to have mainly a negative effect because:
The country cannot obtain profits from trading with others.Manufacture and products are limited by those found inside the nation.Economic crises are difficult to overcome due to a lack of resources or support from other nations.Learn more in: https://brainly.com/question/23353220
Thet has been a growing issue at your store during hours of operation when there are few colleagues stated at the store. Due to the lack of stat, there is
less chance of spotting that
What would you be most and east likely to co
PICK ONE OF EACH
Move a coleague from the register to the floor. This may lead to longer lines, but will reduce thelt and provide good service to customers
Conduct training with colleagues to ensure they are using appropriate asset protection techniques, such as being aware of one's
Ty to deter that by posting signs and making announcements to potential shopiters about security cameras and the monitoring
activities.
Limit the quantity of trequenty stolen tems on shelves. While this may convenience some of your customers, it will also help reduce
O
Answers
Answer: what exactly do I write about?
Explanation:
Most likely to conduct training with colleagues to ensure they are using appropriate asset protection techniques, as it can proactively address the issue of theft without compromising customer service. Least likely to limit the quantity of frequently stolen items on shelves, as it may inconvenience customers and affect sales negatively.
The question is discussing various strategies to mitigate theft in a retail setting due to few employees being present during certain hours. One strategy is to redistribute staff responsibilities and move a colleague from the register to the floor. This may slow down checkout times, but will likely decrease theft and improve overall customer service.
Another strategy is to conduct training with colleagues to enhance their asset protection skills. This includes steps like increasing vigilance and awareness of their surroundings. This approach relies on preventative measures.
A third approach is to deter theft by posting signs and making announcements about the presence of security cameras and ongoing surveillance. This acts as a deterrent by making potential shoplifters aware that they're being watched.
Finally, the store can limit the quantity of frequently stolen items displayed on shelves. While this might inconvenience some customers, it will also likely reduce theft.
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HELP
Which of the following is not true of how you should give directions to a visitor or guest?
You should create a mental picture of the entire route in your mind and picture yourself walking or driving it along with the guest.
You should give a travel time estimate for the whole trip from start to finish instead of from landmark to landmark, since that gets confusing.
You should give your guest the simplest route, not the quickest, because you don't want them to get lost along the way.
You should ask the customer to repeat the directions back to you so you can make sure they have understood them properly.
Answers
Answer:
The statement "You should give your guest the simplest route, not the quickest, because you don't want them to get lost along the way." is not true. It is usually best to give the quickest route to the destination, as long as it is not too complicated or confusing. It is important to provide clear and concise directions to help the guest arrive at their destination efficiently and without getting lost. However, if the quickest route is very complicated or difficult to follow, it may be more helpful to provide a simpler route that is easier for the guest to understand and follow. Asking the guest to repeat the directions back to you can also be a helpful way to ensure that they have understood the directions properly.
Explanation:
Consider an economy with the following
C = 200 + 0.4(Y − T )
I = 300 − 5000r
T = 0, G = 0 L(r^w,Y)=250+0.06Y −300r P=1
e=1
r^w= 0.09
where e is the fixed exchange rate.
a. Derive the IS curve and compute equilibrium output and interest rate
b. Derive the LM curve and compute equilibrium money supply.
c. Suppose the Central Bank revalues exchange rate from 1 to 0.85. Recalculate the equilibrium output, interest rate, and money supply.
d. Suppose the cCntral Bank devaluates the exchange rate from 1 to 1.3. Recalculate the equilibrium output, interest rate, and money supply.
Answers
The balance yield is 1062.5 and the harmony loan fee is 0.085. To infer the IS curve, we liken yield (Y) to arranged use (PE):
Y = PE
Arranged use comprises of utilization (C) and venture (I):
PE = C + I
Subbing the given conditions:
PE = 200 + 0.4(Y - T) + 300 - 5000r
Since T = 0 and G = 0, the condition rearranges to:
PE = 200 + 0.4Y + 300 - 5000r
Reworking the condition to settle for Y:
Y = (PE - 500 - 5000r)/0.6
Harmony yield (Y) happens when arranged consumption (PE) rises to yield (Y). In this way:
Y = (Y - 500 - 5000r)/0.6
Working on the situation:
0.4Y = - 5000r + 500
The IS curve condition is inferred as:
Y = - 12500r + 1250
To find the harmony result and loan fee, we set Y equivalent to the IS bend condition and tackle for Y and r all the while:
Y = - 12500r + 1250
Y = PE
Subbing Y = PE:
-12500r + 1250 = 200 + 0.4(Y - T) + 300 - 5000r
Improving on the situation:
-11500r = - 850 + 0.4Y
Subbing Y = - 12500r + 1250:
-11500r = - 850 + 0.4(- 12500r + 1250)
Settling for r:
r = 0.085
Subbing r = 0.085 into the IS curve condition:
Y = - 12500(0.085) + 1250
Y = 1062.5
Thusly, the balance yield is 1062.5 and the harmony loan fee is 0.085.
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Organization Culture Profile (OCP) is a framework that provides an insight into different organization types. Which of the
following does NOT accurately describe OCP in all corporations?
O Innovation
O Detail-oriented
O Outcome-oriented
O Values
Answers
The option that doesn't festive Organization Culture Profile is D. Values.
What is Organization Culture Profile?Organization Culture Profile simply means the outcome oriented culture that emphasize results, achievements, as important values.
OCP comprises of dimensions such as respect, outcome orientation, tram oriented, innovation, etc.
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Name any three (3) tests that Hornbill Holdings can use to assess the graduates
Answers
Three tests that can be used to assess graduates include:
Skills and knowledge psychometric tests. Ability and aptitude psychometric tests. Personality tests. What are some tests that can be used to test graduates?A skills and knowledge psychometric test will allow Hornbill Holdings to find out how knowledgeable a graduate is in their industry and its processes.
They can also use an ability and aptitude test to find out how adaptive the graduate is to new situations.
Personality tests can then find out if the graduate has the right type of personality for the culture at Hornbill Holdings.
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As of June 30, Year 2, the bank statement showed an ending balance of $19,500. The unadjusted Cash account balance was $15,200. The following information is available:
Deposit in transit, $2,400.
Credit memo in bank statement for interest earned in June, $30.
Outstanding check, $6,690.
Debit memo for service charge, $20.
Answers
As of June 30, Year 2, the bank statement showed an ending balance of $19,500. The unadjusted Cash account balance was $15,200. Credit memo in the bank statement for interest earned in June, $30. Hence, option B is appropriate.
What is the Bank Statement?
Every month, the bank will normally send the account holder an authorized bank statement that lists all of the transactions that occurred on the account that month. Account information, including account numbers as well as a thorough list of withdrawals and deposits, can be found on bank statements.
A bank statement is a report sent by the bank that details all of the activity on their account for a given time period, often a month. Your current average balance, processed deductions but also deposits, and any accrued interest are just a few of the items that are included in the activity displayed on your bank account.
Hence, option B is correct.
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The best way to start a statement on your résumé is with _____. a. “I” or “My” b. a noun c. an active verb d. an adjective Please select the best answer from the choices provided A B C D
Answers
The best way to start a statement on your résumé is by using an active verb.
What is a Résumé?
This is referred to a document that summarizes work experience, educational background, and special skills of individuals.
A résumé starts with an active verb as it helps to show the necessary actions within a sentence thereby making option C the most appropriate choice.
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A category of assets that typically has zero in the Free Assets column in a Statement of Affairs is:
Answers
Answer:
Tools
Explanation:
The statement of affairs is a legal document that present the company assets and liabilities and it could be generated at the time when the bankruptcy is declared
Now the category of assets that contains zero in the column of free assets in the statement of affairs is tools
Therefore the same is to be considered
Purchases transactions
Bowers Company purchased merchandise on account from Saunders Corp. for $9,100, terms 1/10, n/30. Bowers
returned merchandise with an invoice amount of $1,900 and received full credit.
a. If Bowers Company pays the invoice within the discount period, what is the amount of cash required for the
payment? If required, round the answer to the nearest dollar.
Answers
The amount of cash required by The Bowers Company to make the payment for the purchase of the merchandise from Saunders Corp. within the discount period of 10 days is $7,128.
Bowers Company will enjoy a discount of $72 ($7,200 x 1%) because it is able to settle within 10 days from the date of the purchase.The terms of the purchase specified 1% discount if payment is made within 10 days and full settlement within 30 days.Data Analysis and Calculations:
Debit Inventory $9,100 Credit Accounts Payable (Sanders Corp.) $9,100
Trade terms = 1/10, n/30
Debit Accounts Payable (Sanders Corp.) $1,900 Credit Inventory $1,900
Debit Accounts Payable (Sanders Corp.) $7,200 ($9,100 - $1,900) Credit Cash $7,128 ($7,200 - $72) Credit Cash Discounts $72 ($7,200 x 1%)
Thus, the credit period expires after 30 days and the cash required for the payment is $7,128 if the discount window of 10 days is utilized.
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Bethany needs to borrow $8,000. She can borrow money at 6.9% simple interest for 3 yr or she can borrow at 6.5% with interest compounded continuously for 3 yr. Which option results in less total interest
Answers
The loan options which would result in less total interest is borrowing money at 6.9% simple interest.
Given the following data:
Principal, P = $8,000. Interest rate, R = 6.9%Time, T = 3 yearsInterest rate 2 = 6.5%To determine which of the loan options would result in less total interest:
For simple interest:
Mathematically, simple interest is given by the formula:
\(S.I = \frac{PRT}{100}\\\\S.I = \frac{8000 \times 6.9 \times 3}{100}\\\\S.I = 80 \times 6.9 \times 3\)
S.I = $1,656.
For compound interest:
Mathematically, an interest that is compounded continuously given by the formula:
\(A = Pe^{rt}\\\\A = 8000 \times e^{0.065 \times 3}\\\\A = 8000 \times e^{0.195}\\\\A = 8000 \times 1.2153\)
A = $9,722.49
\(Interest = A -P\\\\Interest = 9722.49-8000\)
Interest = $1,722.49
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ework Which of the following is not a reason perfect competition is a useful simplification, despite the diversity of market types we find in the world? O a. Perfectly competitive markets are the easiest to analyze because everyone participating in the market takes the price as given by market conditions. O b. Some degree of competition is present in most markets.c. there are many buyers and sellers in all types of markets. d.many of the lessons that we learn by studying supply and demand under perfect competition apply in more complicated markets as well.
Answers
There are different kinds of market. The option that is not a reason perfect competition is a useful simplification, despite the diversity of market types we find in the world is that;
There are many buyers and many sellers in all types of markets.What leads to perfect competition?Firms are known to be in perfect competition due to;
When many firms produce identical products.When there are plenty buyers available to buy the product, and and also plenty sellers are available to sell the product, etc.Firms are said to be in perfect competition when a lot of firms produce the same type of products and also these firms can do business in the market without any kind of restrictions.
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The number one reason for the failure of new business is A poor marketing B poor management C insufficient cash D taking too many risks
Answers
The number one reason for the failure of new business is taking too many risks. Thus option (D) is correct.
What is a business?A business can be referred to as an organization or enterprising entity that engages in professional, commercial or industrial activities. There are different types of businesses like sole proprietorships, partnerships, corporations, and more.
The businesses are basically work for profit motive. Businesses can be small-scale or large-scale. Some of the biggest businesses in the world are Amazon and Walmart.
The number one reason for the failure of new business is taking too many risks. Therefore, option (D) is correct.
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Which Airlines lounges are the best ?
Answers
Reason:
Air France’s first class is the whole package. Not only does Air France offer one of the world’s best first class inflight products, but the carrier’s ground experience in Paris is equally impressive.
If you’re connecting in Paris, you’ll be picked up at your plane and driven to the first class lounge, and then later on will be driven from the first class lounge to your connecting flight.
There’s so much to love about the Air France first class lounge, though my favorite thing is probably the restaurant, which has an Alain Ducasse menu. In my experience it’s the best food offered in any airline lounge in the world. It’s not just that the food quality is excellent, but the service and presentation are equally good.
Hopefully this helps!
Answer:
Air France La Première Lounge, Paris is the first best Airline lounge in the World.
Explanation:
The Air France La Première Lounge gives its customer one of the fashionable flying experiences in the world, as it includes freshening up the cozy cocktail bar to be brighter and more inviting, adding semi-private relaxation areas and installing new pieces of art.
In addition to having one of the best first class inflight experiences available, Air France also provides an outstanding ground experience in Paris. Best food is also offered at the restaurant there.
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You run a manufacturing facility that makes roller skates. Fixed monthly cost is $50,000 in mortgage, $3,000 per employee on average in salaries (you have 40 employees) and $20,000 in other expenses. The cost of raw materials is $2 per skate, and other costs per skate average to about $1. You sell the skates for $19.95 each.
How many skates must you sell to breakeven?
Define the random variable X.
Express Total Revenue, Fixed Cost, Variable Cost, Total Cost, and Profit in terms of X.
Calculate Breakeven point.
Answers
Answer and Explanation:
The computation is shown below:
Let us assume the Breakeven point be X
Now
Total revenue = $19.95.X
And,
Total cost is
= Total fixed cost + Total variable cost
= $190,000 + 3.X
Also as we know that At Breakeven point,
Total revenue = Total cost
19.95.X = $190,000 + 3.X
16.95.X = $190,000
X = $190,000 ÷ $16.95
= 11,209.43 units
Therefore the break even point is 11,209 units
The total market value of the equity of ITM is $6 million, and the total value of its debt is $4
million. The treasurer estimates that the beta of the stock currently is 1.2 and that the expected
risk premium on the market is 10%. The Treasury bill rate is 4%, and investors believe that
ITM’s debt is essentially free of default risk.
a. What is the required rate of return on ITM stock?
b. Estimate the WACC assuming a tax rate of 40%.
c. Estimate the discount rate for an expansion of the company’s present business.
d. Suppose the company wants to diversify into the manufacture of rose-colored glasses.The beta
of optical manufacturers with no debt outstanding is 1.4. What is the required rate of return on
ITM’s new venture? (Assume that the risky project will not enable the firm to issue any
additional debt.)
Answers
Answer:
a. The required rate of return on Okefenokee stock is 16%.
b. WACC = 10.56%.
c. Estimate the discount rate for an expansion of the company's present business.
It should be the same as the WACC = 10.56%
d. The required rate of return on Okefenokee's new venture is Ke = 18 %.
Explanation:
Here the given is,
E = $6 million, D = $4 million, Beta = 1.2,
Rmp = the expected risk premium on the market =10%.
Rf = The Treasury bill rate = 4%
a. The required rate of return on Okefenokee stock,
\(Ke = Rf + Beta \times Rmp = 4 + 1.2 \times 10 = 16%\)%.
b. Tax rate, T = 40%
The proportion of debt =\(Wd = D / (D + E) = 4 / (6 + 4) = 0.4\)
Proportion of equity, We = 1 - Wd = 1 - 0.4 = 0.6
Cost of debt, Kd = Risk-free rate as debt is free of default = 4%
\(WACC = Wd \times Kd \times (1 - T) + We\times Ke\\\\ = 0.4 \times4\times (1 - 40) + 0.6 \times 16\\\\ = 10.56%\)
WACC = 10.56%.
c. Estimate the discount rate for an expansion of the company's present business.
It should be the same as the WACC = 10.56%
d. Suppose the company wants to diversify into the manufacture of rose-colored glasses. The beta of optical manufacturers with no debt outstanding is 1.4. What is the required rate of return on Okefenokee's new venture? (You should assume that the risky project will not enable the firm to issue an additional debt)
\(Ke = Rf + Beta \times Rmp\\\\Ke = 4 + 1.4 \times 10 = 18%\)
Ke = 18 %.
2. Think about products you have purchased over the last five years. Name three of them for which a salesperson was especially important or valuable to your purchase. What is it about those products that made the salesperson more important?
Answers
Three products purchased over the last five years for which a salesperson was important are;
Motor VehicleDroneMobile Phone.What is it about those products that made the salesperson more important?The products were packed with a lot of technology and had competing alternatives. Hence I needed a salesperson who was lots of knowledge and current information about the items to help make sense of which alternatives to go with.
It is to be noted that a salesperson is one whose duty it is to sell goods or services. A sales rep is another word for the salesman (or sales representative).
Learn more about Salespersons:
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