Based on the information given, Williams' loss be over the life of the contract will be $48800
The first thing to do is to calculate the profit or loss for each quarter. This will be:
= 80000 - (105000 × 0.82)
= 80000 - 86100
= -6100
The number of quarters over the life is given as 8 quarters. Therefore, the loss over the life of the contract will be:
= 8 × -$6100
= $-48800
Therefore, the loss will be $48800
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Using Activity Based Costing, calculate the rate for each cost driver.
13 marks b) Using activity based budgeting, prepare a budgeted yearly operating statement for
Aero3D Ltd. Show the following separately, within the statement.
i. The budgeted output for each product per year;
ii. The contribution to profits for each product and in total before charging activity based costs;
iii. The profit for each product and in total after charging activity based costs but before charging core costs (non-activity based costs);
iv. The total profit after charging core based costs.
i. Budgeted output for each product per year is XS PRO: 3,400 units and POLYX: 1,800 units
ii. Contribution to profits for each product and in total before charging activity-based costs are XS PRO: £561,000 + POLYX: £379,800 (£940,800)
iii. Profit for each product and in total after charging activity-based costs but before charging core costs are XS PRO: Profit after activity-based costs and POLYX: Profit after activity-based costs
iv. Total profit after charging core costs: Total profit after charging core costs
How did we arrive at these values?To calculate the rate for each cost driver using Activity Based Costing (ABC), divide the total cost of each cost pool by its respective cost driver.
a) Calculation of rates for each cost driver:
1. Condensing machine:
Rate = Total cost of condensing machine / Number of production batches
Rate = £450,000 / 60
Rate = £7,500 per batch
2. Shaping machine:
Rate = Total cost of shaping machine / Shaping machine hours
Rate = £130,000 / (3,400 × 0.50 + 1,800 × 0.70)
Rate = £130,000 / 2,400
Rate = £54.17 per shaping machine hour
3. Manual handling of material:
Rate = Total cost of manual handling of material / Weight of material handled
Rate = £55,000 / (3,400 × 1.2 + 1,800 × 1.4)
Rate = £55,000 / 7,040
Rate = £7.80 per kilogram of material handled
b) Budgeted yearly operating statement for Aero3D Ltd:
i. Budgeted output for each product per year:
- XS PRO: 3,400 units
- POLYX: 1,800 units
ii. Contribution to profits for each product and in total before charging activity-based costs:
Contribution per unit = Selling price - Direct material cost - Direct labor cost
- XS PRO: £175 - £8 - £2 = £165 per unit
- POLYX: £225 - £10 - £4 = £211 per unit
Contribution before activity-based costs:
- XS PRO: £165 × 3,400 = £561,000
- POLYX: £211 × 1,800 = £379,800
Total contribution = £561,000 + £379,800 = £940,800
iii. Profit for each product and in total after charging activity-based costs but before charging core costs:
Cost breakdown per unit:
- XS PRO:
- Condensing machine cost = Rate (Condensing machine) × Number of production batches
- Shaping machine cost = Rate (Shaping machine) × Shaping machine hours
- Manual handling cost = Rate (Manual handling of material) × Weight of material handled
Total cost per unit = Direct material cost + Direct labor cost + Condensing machine cost + Shaping machine cost + Manual handling cost
- POLYX:
- Condensing machine cost = Rate (Condensing machine) × Number of production batches
- Shaping machine cost = Rate (Shaping machine) × Shaping machine hours
- Manual handling cost = Rate (Manual handling of material) × Weight of material handled
Total cost per unit = Direct material cost + Direct labor cost + Condensing machine cost + Shaping machine cost + Manual handling cost
Profit after activity-based costs but before core costs:
- XS PRO: Selling price - Total cost per unit
- POLYX: Selling price - Total cost per unit
iv. Total profit after charging core costs:
Total profit = Total contribution - Core costs
Since the core costs are given as a fixed amount and not linked to any activity or cost driver, they are not allocated using the ABC method.
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Given the data provided in the table below, the total revenue (TR) for production at quantity (Q) level 4 equals
zero
$1.00
$15.00
$20.00
The total revenue (TR) for production at quantity (Q) level 4 , given the data on the table, is D. $ 20. 00 .
How to find Total revenue ?Total revenue refers to the total returns that a company makes when it sells a certain amount of goods or services . This amount has not been adjusted for expenses yet and is simply what is made from sales . If it is adjusted for expenses, then it becomes known as the total profit from the sale of goods and services .
The formula for the total revenue is therefore :
= Quantity of goods or products sold x Price of each unit of the good or product
At production quantity (Q) level 4, the quantity sold is 4 units and the price per unit is $5.
The total revenue is therefore:
= 4 x 5
= $20
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An argument for trade tariffs is that it protects infant industries.
Answer:
The infant industry argument is an economic rationale for trade protectionism. The core of the argument is that nascent industries often do not have the economies of scale that their older competitors from other countries may have, and thus need to be protected until they can attain similar economies of scale.
A business tries to earn a profit by providing ? and ?
Answer:
Goods and services
Explanation:
hope its helpful
A business tries to earn a profit by providing goods and services.
A business aims to generate profit by offering valuable goods or services to customers in exchange for payment. Profit is the financial gain earned by a business after deducting its expenses from its revenues.
The provision of goods refers to the production, manufacturing, or sourcing of tangible products that fulfill customer needs or desires. This can include items such as clothing, electronics, furniture, or food.
The provision of services involves offering intangible benefits or performing specific tasks for customers. Services can range from professional expertise, such as legal or consulting services, to everyday services like hairdressing, transportation, or healthcare.
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Creators foster the open exchange of ideas across functions and departments and cultivate rigorousdebate. In your own words, why is this important for a company to be successful (use examples from the book Creators Code to support your reasoning).
Answer:
As per the examples of the creators code Many things related to the performance of the company. It is critical to have a solid plan, to have a profitable products and services and to have effective methods. Although it is up to the individuals inside the organisation to actively enforce policies, plans ,and procedures that make a company a success.
The sovereign rating for Vietnam is B2 (with a default spread of 5%), the standard deviation in the Vietnamese equity index is 30% and the standard deviation in the Vietnamese government bond is 24%. If the premium for a mature market (say, the US) is 5.5%, estimate the total equity risk premium for Vietnam.
Answer:
The total equity risk premium for Vietnam was 11.13 as of January 1st, 2023 according to Damodaran Online. The total equity risk premium starts with a mature market premium and adds a country risk premium based on the risk of the country in question. The country risk premium for Vietnam is estimated to be 5%.
Given that the premium for a mature market (say, the US) is 5.5%, we can estimate the total equity risk premium for Vietnam as follows:
Total Equity Risk Premium = Mature Market Premium + Country Risk Premium Total Equity Risk Premium = 5.5% + 5% Total Equity Risk Premium = 10.5%
Therefore, the estimated total equity risk premium for Vietnam is 10.5%.
I hope this helps!
Explanation:
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Match each type of insurance with an example of when the insurance
company would make a payment.
Renter's
insurance
?.
You cause an accident
that damages someone
else's car.
Liability coverage
?
You have to take a month
off from work because of
a broken leg.
Health insurance
2
Your stereo and computer
are stolen from your
apartment
Disability
insurance
?
You go to the emergency
room after a car accident.
Answer:
See below
Explanation:
Renter's insurance
Your stereo and computer are stolen from your apartment. Renters insurance provides coverage for policyholder's properties other than their dwelling place.
Liability coverage
You cause an accident that damages someone else's car. It protects against claims arising from damages to other people or their properties.
Health insurance
You go to the emergency room after a car accident. Offers insurance coverage for medical bills incurred by the policyholder or their dependents.
Disability Insurance
You have to take a month off from work because of a broken leg. Provides protection against loss of income as a result of serious bodily injuries to the policyholder.
Teamwork Skills
And what you can learn from it
In in skill In
life
Average variable cost is equal to the: a. total variable cost divided by the level of output b. marginal cost divided by the marginal product of the variable input c. change in total variable cost divided by the change in output levels d. marginal cost divided by the average product of the variable input e. total variable cost divided by the level of variable input
Answer:
a. total variable cost divided by the level of output
Explanation:
We divide the total variable cost by the level of output to find the Average variable cost
therefore,
Average variable cost is equal to the total variable cost divided by the level of output.
Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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Treating the amounts of each material available as constraints, formulate a goal programming model to determine the optimal product mix. Assume that both P1 priority level goals are equally important to management. (Let x1 be the number of tons of fuel additive produced, x2 be the number of tons of solvent base produced, dpi be the deviation variable which exceeds the value of goal i, and dni be the deviation variable which is less than the value of goal i, for i = 1, 2.)
The goal programming model seeks to maximize the sum of the deviations from the two priority level goals.
What is goal programming model seeks?Goal programming is a type of mathematical optimization technique that is used to optimize a set of goals or objectives. It is especially useful in situations where multiple objectives are present, as it allows a decision maker to optimize the objectives while taking into account the interactions between them.
Goal Programming Model:
Maximize z = 0.5(dP1 + dP2)
Subject to:
x1 + x2 ≤ 100 (amount of material available)
x1 ≥ 10 (amount of fuel additive required)
x2 ≥ 10 (amount of solvent base required)
dP1 ≥ (x1 + 2x2) - 160 (priority level 1 goal; profit)
dP2 ≥ (x1-x2) - 20 (priority level 2 goal; quality)
dN1 ≤ 160 - (x1 + 2x2)
dN2 ≤ 20 - (x1-x2)
x1, x2, dP1, dP2, dN1, dN2 ≥ 0
The goal programming model seeks to maximize the sum of the deviations from the two priority level goals, while satisfying the constraints of the amount of material available.
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Complete the fish-bone chart by matching each number in the chart with the corresponding reason.
LOADING... Click the icon to view the partially completed fish-bone chart.
Number
Reason
I
▼
II
▼
Traffic jam
Flat tire
Speeding - got stopped
Can't find keys
III
▼
Traffic jam
Can't find keys
Flat tire
Speeding - got stopped
IV
▼
Where do deleted files go?
into the My Computer folder
into the My Documents folder
into the Recycle Bin
into the system tray
Answer:
the correct answer is into the recycle bin
Explanation:
Answer:
b
Explanation:
Should the common law maxim “Ignorance of the law is no excuse” apply to an immigrant who speaks little English and was not educated in the United States? How about for a tourist who does not speak English? Everyone knows criminal acts are prohibited, but what about subtler rules that differ across countries so may be misunderstood by foreigners?
The maxim "Ignorance of the law is no excuse" is a principle that is generally accepted in the United States legal system. It means that individuals are expected to be aware of the laws that apply to them, regardless of their level of education or language proficiency.
However, courts may consider the fact that an immigrant or tourist may not be fully familiar with the laws of the United States as a mitigating factor when determining the appropriate punishment for a criminal act. This is particularly true for subtler rules that may be misunderstood by foreigners.
There are also some protections in place for non-English speakers in the United States. For example, individuals who do not speak English are entitled to an interpreter during legal proceedings. This is to ensure that they are able to understand the charges against them and are able to present a defense.
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Milo is the owner of a sporting goods store that has only been open for three months. The holiday season is coming up, and Milo realizes that he will need extra help. Milo asks his friend Jess to help him out at the store. Milo and Jess agree that Jess will work during the months of November and December. However, because Milo is unsure how much help he will need and how much he will be able to pay, they agree to decide each week on the hours that Jess will work for the following week, and to decide the hourly rate after Jess has worked two weeks before she receives her first paycheck. Just before November 1, Jess takes a job at another store. If Milo tries to sue Jess for breach of contract, the court will probably decide:
A. that the parties had a contract, and Jess breached the contract.
B. that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.
C. that the parties had no contract because the terms of the offer were not definite.
D. that the parties had no contract because the terms were not in writing.
Sarah is shopping at Sylvia’s thrift store, and notices that the inside of the store needs repainting. Sarah offers to paint the store for $400. Sylvia does not respond to Sarah’s offer. Later that day, Sarah returns to the store with painting supplies in hand and begins painting the store. When Sarah is finished, she demands payment of $400 from Sylvia. Will Sylvia have to pay Sarah for painting the store?
A. Yes, Sylvia will have to pay Sarah for painting the store because silence is always an acceptance of an offer.
B. Yes, Sylvia will have to pay Sarah for painting the store, even though she did not verbally agree to the contract.
C. No, Sylvia will not have to pay Sarah for painting the store because silence can never be an acceptance of an offer.
D. No, Sylvia will not have to pay Sarah for painting the store because Sarah did not verbally agree to the contract.
The weekly Kroger advertisement states that five-pound chubs of ground chuck are available for eighty-nine cents per pound. Arlene sees the advertisement; she realizes that ground chuck has not been priced this low in quite some time, so she hurries to the store to purchase some. Arlene loads seven chubs of ground chuck in her shopping cart. When she goes to the checkout to pay, however, the cashier informs Arlene that the price in the advertisement is a typo and that the correct price is $1.89 per pound. Arlene insists that the store must honor the price listed in the advertisement, because it is an offer that she has just accepted. The cashier calls the store manager for a decision. The store manager will likely explain to Arlene:
A. that the advertisement is a valid offer because it is in writing.
B. that the advertisement is a valid offer, and the store must honor the price in the advertisement.
C. that advertisements are not offers, but merely a request for offers.
D. that the advertisement is a valid offer because its terms are definite.
1. If Milo should try to sue Jess, the court will decide that
that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.2. Yes, Sylvia will have to pay Sarah for painting the store, even though she did not verbally agree to the contract.
3. The store manager is most likely to explain to Arlene here that the advertisement is a valid offer, and the store must honor the price in the advertisement.
What is a business contract?A contract can be referred to as business arrangements. They are very enforceable in the case of a breach by a court of law.
A business contract usually makes specifications concerning when a business would be done, the completion, and the payment for the goods and services rendered.
One has to fully understand the terms of a contract before they go ahead to sign documents.
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Liebeck v. McDonald's
Do you agree with the end result of this case? Why or why not?
Whether or not someone agrees with the end result of the case is a matter of personal opinion and perspective.
In the Liebeck v. McDonald's case, the plaintiff, Stella Liebeck, sued McDonald's after suffering third-degree burns from hot coffee that she spilled on herself while in a car. She argued that the coffee was too hot and that McDonald's was negligent in serving it at such a high temperature. The jury awarded Liebeck $2.7 million in damages, which was later reduced to $640,000 on appeal.
Some people argue that the end result of the case was justified, as McDonald's had a duty to ensure that its products were safe for consumers and should have known that serving coffee at such a high temperature could cause harm. Others, however, argue that the damages awarded were excessive and that Liebeck was partially responsible for her own injuries by spilling the coffee.
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c) “Shadow price is the increase in value created by having one additional unit of a limiting resource at original cost”. Provide a comprehensive real world example of where a shadow price can be calculated with multiple limiting factors and with more than one product. Your answer should be in a form of a short case study roughly 4 or 5 sentences. (5 marks)
A real world example of shadow pricing would be in a case where a manufacturer produces two product A and B with 2 input such as raw materials and labor.
How is this so?Two products (A & B) are produced through the use of two primary resources: labor & raw materials. To produce one unit of product A, we require roughly an hour's worth (60 minutes) of work time from our available pool.
Also, approximately two pounds worth of our current stockpile must be incorporated into each instance as well. Comparatively speaking, producing one unit from group B takes almost three times that much effort (3 hours' time), but only requires about half as much by weight (a single pound).
Our maximum allowance stands at exactly 60 work-hours across all levels plus another hundred pounds maximum in terms concerning these earthly elements - with that established pricing amounts to a flat rate where five dollars buys us one metric pound whereas ten dollars goes towards hourly wages; so what is their shadow price?
When dealing with limited input availability, the optimal allocation of resources and production process optimization can be achieved using shadow prices. In this regard, it has been determined that labor's shadow price stands at $10 per hour while the shadow price for raw materials is set at $5 per pound.
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The next two questions use the following data from TGX Global, a heavy equipment manufacturer (this information will be repeated on the next question): TGX Global sells excavators, with an average sale price of $500,000 per excavator. TGX received new orders for 90 excavators in 2018. TGX produced & delivered 120 excavators in 2018: 50 excavators were ordered in 2017 and the rest (70 excavators) were ordered in 2018. TGX received payment for 110 excavators. TGX began selling 1-year maintenance services contracts for $50,000 per excavator in 2018, which begin after the excavator is delivered. Contracts were sold on 50% of all excavator orders made in 2018 (no contracts were sold on orders placed in 2017). Assume all excavators delivered in 2018 are delivered at year end, calculate TGX’s 2018 revenue based on the transactions described above.
TGX’s 2018 revenue depends upon the given transactions is $60 million.
The calculation of TGX’s 2018 revenue depends upon the given transactions is as follows:
TGX’s 2018 Revenue is
= TGX produced & delivered excavators in the year 2018 × Sale Price per excavator
= 120 Excavator × $500,000
= $60 Millions.
Working Notes:
1. The revenue for the year 2018 should be recorded at that time period where the products are sold.
2. The revenue for the maintenance service contract should be recorded in the year when the service is provided not in that year where the contract service should be sold as it is treated as the unearned revenue till the service is provided
Therefore we can conclude that TGX’s 2018 revenue depends upon the given transactions is $60 million
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The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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A successful data-driven market segmentation program depends on each of the following except:
a.
the rejection of tradiitional marketing research techniques
b.
the use of transactional and event data
c.
a common definition of market segments across all areas of the business
d.
developing a centralized and accessible CRM (Customer Relationship Management) database
A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".
The correct option to the given question is option a.
Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.
Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.
Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.
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essay question business studies describe the following economic issues hiv and aids piracy strikes porverty
Explain how introducing an agile method will improve the outcomes of software development?
Answer:
In simple words, Agile architecture, in fact, speeds up the distribution of original market value and ensures that quality is maximized during the implementation system by a process of constant preparation and feedback.
Projects are finished in shorter iterations, rendering them more achievable, thanks to the incremental design of the agile process. It also makes it possible to roll out goods efficiently and make adjustments at any time throughout the phase
Living on campus while earning your degree can help you save money on...
Answer: car insurance
Explanation:
Prompt: In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.
PLEASE ANSWER ASAP. I am writing my essay about Rihanna. If anyone could help me, I would appreciate it. Due in 1 week.
A free enterprise system was necessary because it allows people to do what they do best while trading for the rest, of free enterprise, works. Competition is a driving force behind the free enterprise, resulting in increased efficiency and lower consumer prices.
What is the advantage of free enterprises?The benefits of the US Free Enterprise System to producers and consumers include the freedom to own private property, producers producing at their own profit, consumers and producers having control over themselves, increased efficiency, and adequate use of available resources.
A free enterprise system allows individuals to make their own economic decisions without being constrained by the government. It enables consumer supply and demand to determine the success or failure of an economic venture.
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(Economics)
In an essay of at least two well-developed paragraphs, explain the global benefits of international trade and multinational corporations.
International trade refers to the exchange of goods and services across national borders. It plays a significant role in promoting economic growth and providing several global benefits.
One of the primary advantages of international trade is that it allows countries to specialize in producing goods and services in which they have a comparative advantage. This means that countries can focus on producing goods that they can produce more efficiently and at a lower cost compared to other countries. As a result, resources are allocated more efficiently, leading to increased productivity and higher standards of living.Furthermore, international trade enables countries to access a wider variety of goods and services that may not be available domestically. This increases consumer choices and provides opportunities for individuals to enjoy a higher quality of life. For example, consumers in a landlocked country can still enjoy fresh seafood by importing it from coastal countries. Similarly, individuals in colder climates can purchase tropical fruits from countries where they are grown.Multinational corporations (MNCs) also contribute to the global benefits of international trade. These are companies that operate in multiple countries, with business activities ranging from production to distribution. MNCs play a crucial role in facilitating international trade by establishing global supply chains, investing in foreign markets, and creating jobs. They bring capital, technology, and managerial expertise to host countries, which can lead to economic development and improved living standards.Moreover, MNCs often engage in research and development (R&D) activities, driving innovation and technological advancements. This can have far-reaching benefits for both the host country and the global economy. For instance, a multinational pharmaceutical company conducting R&D in a developing country may discover new drugs or medical treatments that can benefit people worldwide.In conclusion, international trade and multinational corporations provide numerous global benefits. They promote specialization, resource allocation efficiency, and access to a wider variety of goods and services. Additionally, MNCs contribute to economic development, job creation, innovation, and technological advancements. Overall, international trade and MNCs play a crucial role in fostering economic growth and improving the well-being of individuals and nations around the world.
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“At Toyota, we get brilliant results from average people managing brilliant processes. Others get average results from brilliant people managing broken processes” (The Toyota Motor Company). In order to achieve your quality, cost, delivery, and safety goals, you must proactively strive to continuously improve your business operations. What specific strategies will you implement to create brilliant processes? How will you teach employees to eliminate waste? How will you get their buy-in? How will you measure progress as you improve your business processes?
When done well, Car business processes can be a significantly lucrative operation, with huge scaling opportunities and the potential to expand to new locations.
Automakers and dealers promote their vehicles online. The alternatives are reducing consumer interest, adherence, and auto dealership revenue. Buyers review offers before moving on to the following page. Make it so that buyers "swipe right" on your vehicles to discover the ideal match.
The biggest publicity and marketing resources are devoted to new autos. However, it's challenging to have an impact on the new automobile industry's profitability. That division is largely under the hands of manufacturers and importers. Take charge of the situations you can affect.
Ensure the new automobile buyer has a transparent and reliable appraisal experience. Show them the benefits of accepting your offer. Make them feel secure in your offer on both a new and used car.
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Warehouses
WI
W2
W3
S1
14
12
10
Stores
S2
16
14
16
S3
12
10
8
S4
20
8
15
Based on the given information, it appears to be a representation of quantities of goods stored in warehouses and sold in stores.
The warehouses are labeled as WI, W2, and W3, while the stores are labeled as S1, S2, S3, and S4. The numbers listed below each warehouse represent the quantities of goods stored in each warehouse, while the numbers listed below each store represent the quantities of goods sold in each store.
For example:
- Warehouse WI has 14 units of goods.
- Warehouse W2 has 12 units of goods.
- Warehouse W3 has 10 units of goods.
Similarly, for the stores:
- Store S1 has sold 16 units of goods.
- Store S2 has sold 14 units of goods.
- Store S3 has sold 12 units of goods.
- Store S4 has sold 20 units of goods.
It seems to be a simple inventory representation, showing the quantities of goods stored in each warehouse and sold in each store.
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Ike invests $7,660 in an account paying 7.27% simple interest annually. How much interest has Ike gained after four years?
XYZ Plc
Statements of financial position (Balance Sheets) as at 31 March
2019 2020
£m £m
ASSETS
Non-current assets
Property, plant & equipment (at cost less depreciation)
Land & buildings 386 430
Fixtures & fittings 134 170
520 600
Current assets
Inventories 350 410
Trade receivables 240 280
Cash at bank 5 -
595 690
Total assets 1115 1290
EQUITY & LIABILITIES
Equity
£0.50 ordinary shares 400 400
Retained earnings 275 245
675 645
Non-current liabilities
Borrowings - 9% loan notes (secured) 250 350
7
Current liabilities
Trade payables 165 200
Taxation 22 4
Short-term borrowings (all bank overdraft) 3 91
190 295
Total equity & liabilities 1115 1290
Income Statements (Profit & Loss Accounts) for the year ended 31 March
2019 2020
£m £m
Revenue 2500 2750
Cost ofsales (1850) (2375)
Gross profit 650 375
Operating expenses (410) (340)
Operating profit 240 35
Interest Payable (18) (20)
Profit before taxation 222 15
Taxation (55) (3)
Profit for the year 167 12
Notes:
ii.The market value of the shares of the business at the end of the reporting period was £3.00 for
2019 and £2.00 for 2020.
iii.All sales and purchases are made on credit.
iv. At 1 April 2018, the trade receivables stood at £250 million and the trade payables at £210
million.
v. A dividend of £40 million had been paid to the shareholders in respect of each of the years.
vi.The business employed 14,000 staff at 31 March 2019 and 18,628 at 31 March 2020.
vii.The business expanded its capacity during 2020 by setting up a new warehouse and distribution
centre.
viii.At 1 April 2018, the total of equity stood at £450 million and the total of equity and noncurrent liabilities stood at £650 million.
a) In 2019, the company's total revenue was £2500 million, cost of sales was £1850 million, gross profit was £650 million, operating expenses were £410 million, and profit before taxation was £222 million.
b) The company paid a dividend of £40 million to shareholders in each of the years.
c) The market value of the shares of the business at the end of the reporting period was £3.00 for 2019 and £2.00 for 2020.
d) The business employed 14,000 staff at 31 March 2019 and 18,628 at 31 March 2020.
a) The income statements provide information about the company's financial performance in terms of revenue, cost of sales, gross profit, operating expenses, and profit before taxation for the years 2019 and 2020. The figures show that the company experienced a decrease in profitability in 2020 compared to the previous year due to increased cost of sales and lower revenue. The decrease in revenue can be attributed to the impact of the COVID-19 pandemic on the company's operations.
b) Dividends are payments made by a company to its shareholders from its profits. The financial statements show that the company paid a dividend of £40 million to its shareholders in each of the years 2019 and 2020. This indicates that the company is committed to returning a portion of its profits to its shareholders.
c) Market value is the price at which a share is traded on the stock exchange. The notes to the financial statements indicate that the market value of the shares of the business at the end of the reporting period was £3.00 for 2019 and £2.00 for 2020. The decrease in market value in 2020 can be attributed to the impact of the COVID-19 pandemic on the company's operations and the wider economic environment.
d) The number of employees provides an indication of the company's workforce size and can reflect changes in the company's operations. The financial statements show that the company employed 14,000 staff at 31 March 2019 and 18,628 at 31 March 2020. The increase in the number of employees can be attributed to the expansion of the company's operations, including the setting up of a new warehouse and distribution centre in 2020.
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The complete question is:
a) What is the company's total revenue, cost of sales, gross profit, operating expenses, and profit before taxation in 2019 and 2020?
b) How much did the company pay as dividends to shareholders in each of the years?
c) What was the market value of the shares of the business at the end of the reporting period in 2019 and 2020?
d) What was the total number of staff employed by the business at 31 March 2019 and 31 March 2020?
A business letter is not written:
OA. between one company and another company.
OB. between a company and its customers or clients.
OC. between two private individuals.
OD. to employees within a company to recognize important
achievements.
Answer:
OC. between two private individuals.
Explanation:
A business letter is a formal document written to convey an official or commercial message. It is written in a standard format. A Business letter is usually short, clear, and concise.
Two private individuals will probably communicate using personal letters. Unlike a business letter, a personal letter uses a friendly and relaxed tone. They are no laid down formats to consider. Personal letters may convey messages concerning the writer or recipient's social, religious, or economic matters.