Ensuring the various marketing mix elements such as advertising direct-response, sales promotions, and the like, work together is referred to as Coordinated marketing communications.
What is Coordinated Marketing Communication?Coordinated marketing communication is a process that involves the usage of marketing mix elements (product, price, place, promotion, and packaging) to promote the product effectively in the target market.
The strategy of integrated marketing communication (IMC) is to manage all aspects of contact with customers and prospects to create consistent, persuasive, and powerful messaging.
Coordinated marketing communication integrates all communication strategies such as advertising, direct selling, online marketing, and social media, etc., to drive consistent messaging and an overall unified customer experience.
The benefits of coordinated marketing communication are:
It will make the business stand out among the competition.Enables effective communication between the company and customers.Improves the company's brand image.Creates a seamless customer experience which leads to customer loyalty.Increases revenue by driving sales.Helps companies with limited budgets maximize their marketing potential.To know more about Coordinated marketing communications, click on the link below:
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Case Study
Louise Simms, newly graduated with a master of business administration (MBA) degree, was hired by a prestigious multinational firm based in the United States. With minimal training, she was sent to join a company partner to negotiate with a high- ranking Middle Eastern government official. The partner informed Simms that he would introduce her to the government contact and then leave her to "get the job done." Her assignment was to "do whatever it takes to win the contract: it’s worth millions to us." The contract would enable Simms’ firm to select and manage technology companies that would install a multimillion-dollar computer system for that government. While in the country, Simms was told by the official that Simms’ firm had "an excellent chance of getting the contract" if the official’s nephew, who owned and operated a computer company in that country, could be assured "a good piece of the action." On two different occasions, while discussing details, the official attempted unwelcome advances toward Simms. He backed off both times when he observed her subtle negative responses. Simms was told that "the deal" would remain a confidential matter and the official closed by saying, "That’s how we do business here; take it or leave it." Simms was frustrated about the terms of the deal and about the advances toward her. She called her superior in Chicago and urged him not to accept these conditions because of the questionable arrangements and also because of the disrespect shown toward her, which she said reflected on the company as well. Simms’ supervisor responded, "Take the deal! And don’t let your emotions get involved. You’re in another culture. Go with the flow. Accept the offer and get the contract groundwork started. Use your best judgment on how to handle the details." Simms couldn’t sleep that night. She now had doubts about her supervisor’s and the government administrator’s ethics. She felt that she had conflicting priorities. This was her first job and a significant opportunity. At the same time, she had to live with herself.
Put yourself in Louise’s situation. Identify your ethical decisionmaking style.
1. Are you primarily an idealist, pragmatist, altruist, or individualist?
2. What are some of your blind spots?
3. Consider the three questions regarding a "defining moment" at the beginning of the chapter: "Who am I?" "Who are we?" "Who is the company?"
4. Describe the ethical principles you usually follow in your life: utilitarianism, rights, justice, universalism, ethical virtue
5. What is your moral responsibility to yourself, your family and friends, your colleagues and work team, and to the company?
6. What is your decision?
The cultural disparities and Louise's lack of prior international business expertise may be the cause of her blind spots. She might not fully comprehend regional business practises.
What does an MBA make in a month?A fresher MBA in finance typically makes 2.4 lakh rupees ($20.0,000) annually. Salary projections are based on 305 most recent salaries provided by MBA Finance freshmen from various companies.
Why is an MBA so costly?Many programmes include the price of extracurricular activities, real-world consulting assignments, and overseas business trips in their tuition. Moreover, setting up workshops, career fairs, and mentoring makes offering an MBA an expensive venture for schools.
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Imagine a Series A investor who has standard weighted average anti-dilution protection. Assume they have paid $100 for 25 shares. The series B investor puts in $100 and receives 50 shares. How many additional shares would be allocated to the Series A investor if the weighted average anti-dilution were honored? 25 shares 12.5 shares 37.5 shares 75 shares None of the above
Explanation:
To calculate the additional shares that would be allocated to the Series A investor, we need to determine the adjustment factor based on the weighted average anti-dilution protection.
The adjustment factor is calculated as follows:
Adjustment factor = A / B
Where: A = the original price paid per share by the Series A investor B = the new price per share after the Series B investment
In this case, the Series A investor paid $100 for 25 shares, which means they paid $4 per share. The Series B investor put in $100 and received 50 shares, which means they paid $2 per share. Therefore:
A = $4 B = $2
Adjustment factor = $4 / $2 = 2
This means that the Series A investor's original purchase price is multiplied by 2 to determine their new effective purchase price for the purposes of calculating their ownership percentage.
So, if the Series A investor's original investment of $100 for 25 shares is adjusted by the factor of 2, they would be treated as if they had invested $200 for 25 shares. This means their effective purchase price is $8 per share ($200 / 25).
Now, we can calculate how many additional shares the Series A investor would receive to maintain their ownership percentage:
Additional shares = (Series B shares * B) / (A + B)
Where: Series B shares = the number of shares issued to the Series B investor A = the original price paid per share by the Series A investor B = the new price per share after the Series B investment
In this case, plugging in the values, we get:
Additional shares = (50 * $2) / ($4 + $2) = 16.67
Rounding this number to the nearest whole share, the Series A investor would be allocated 17 additional shares.
Therefore, the correct answer is "17 shares".
What two aspects are critical to organizational change efforts and foundational to the HR function in managing change?
Select one:
a. clarifying and communicating the policies and total reward systems
b. initiating and evaluating all human resource functions
c. integrating business strategy with all human resource functions training and education
d. clarifying and communicating the values and organizational learning
Option (c), Training and education are two factors that are essential to organizational change efforts and the cornerstone of the HR function in managing change, and they should be integrated with all human resource functions.
What essential components are driving organizational change?The literature analysis reveals that a range of organizational factors, including the organization's structure, size, project capabilities, clients, leadership, rivalry, culture, teamwork, and change preparedness, have an effect on business transformation projects.
Using their familiarity with the organization's employees, HR professionals can use their assistance with change management in two key ways: 1) by participating in the planning and execution phases with other managers to ensure that general change objectives are met; and 2) by understanding the needs and expectations of the organization's workforce during a change.
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assume the partial equity method is applied. how much equity income will kaye report on its internal accounting records as a result of fiore's operations?
Kaye would report $10,000 of equity income on its internal accounting records as a result of Fiore's operations.
Assuming that the partial equity method is applied, the amount of equity income that Kaye would report on its internal accounting records as a result of Fiore's operations can be calculated by the following formula:
Equity income = (Ownership percentage x Fiore's net income) - Dividends received
Assuming that Kaye owns 30% of Fiore, and Fiore's net income is $100,000 and Fiore pays a dividend of $20,000. Then Kaye's equity income from Fiore would be calculated as follows:
Equity income = (0.3 x $100,000) - $20,000
Equity income = $30,000 - $20,000
Equity income = $10,000
Therefore, equity income is $10,000 of Kaye by partial equity method on its internal accounting records as a result of Fiore's operations.
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Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 144 Units in beginning inventory 0 Units produced 9,350 Units sold 8,950 Units in ending inventory 400 Variable costs per unit: Direct materials $ 26 Direct labor $ 68 Variable manufacturing overhead $ 14 Variable selling and administrative expense $ 18 Fixed costs: Fixed manufacturing overhead $ 140,250 Fixed selling and administrative expense $ 9,600 What is the net operating income (loss) for the month under variable costing
The net operating income (loss) for the month under variable costing is calculated to be $11,250.
To calculate the net operating income (loss) for the month under variable costing, we need to first calculate the total variable costs and the total contribution margin for the month.
Total variable costs = (Direct materials + Direct labor + Variable manufacturing overhead + Variable selling and administrative expense) × Units sold
Total variable costs = ($26 + $68 + $14 + $18) × 8,950 = $975,200
Contribution margin = Selling price - Total variable costs per unit
Contribution margin = $144 - ($26 + $68 + $14 + $18) = $18
Total contribution margin = Contribution margin × Units sold
Total contribution margin = $18 * 8,950 = $161,100
Next, we can calculate the total fixed costs for the month:
Total fixed costs = Fixed manufacturing overhead + Fixed selling and administrative expense
Total fixed costs = $140,250 + $9,600 = $149,850
Finally, we can calculate the net operating income (loss) for the month under variable costing:
Net operating income (loss) = Total contribution margin - Total fixed costs
Net operating income (loss) = $161,100 - $149,850 = $11,250
Therefore, the net operating income for the month under variable costing is $11,250.
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Please explain aboug your asnwer. Sheridan Corp. exchanged similar pieces of equipment with Elongo Corp. No cash was exchanged. Since this exchange will not significantly change the economic position of either company, this transaction lacks commercial substance. At this time, the carrying amount of Sheridan's asset is $37300, while the carrying amount of Elongo’s asset on their books is $33500. However, it has been reliably determined that the fair value of Sheridan’s asset is $37500, while the fair value of Elongo’s asset is $36800. Given these facts, at what amount should Sheridan record the asset it receives from Elongo?
a. $37300
b. $36800
c. $37500
d. $33500
Sheridan Corp. should record the asset received from Elongo Corp. at the carrying amount of Sheridan's original asset, which is $37300.
Based on the facts presented, it can be concluded that the exchange does not have commercial substance since no cash was exchanged and the transaction will not significantly change the economic position of either company.
In such a case, according to accounting rules, Sheridan Corp. should record the asset received from Elongo Corp. at the carrying amount of Sheridan's original asset, which is $37300.
This is because in a non-monetary exchange that lacks commercial substance, the acquiring company should recognize the asset received at the carrying amount of the asset given up, unless the fair value of the asset received is clearly more evident and reliable.
Therefore, the correct answer is option a) $37300.
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Economic Systems: Communism Versus Capitalism
This activity is important because an economic system describes how a particular society distributes its resources to produce goods and services. A central issue of economics is how to fulfill an unlimited demand for goods and services in a world with a limited supply of resources. Different economic systems attempt to resolve this central issue in numerous ways.
The goal of this exercise is to demonstrate your understanding of the fundamental differences of communism and capitalism, two of the basic economic systems found in the world today, and how they address the distribution of resources.
Match each statement with the correct aspect of the economic system for both capitalism and communism.
Profits - Communism
Product Availability - Communism
Business Ownership - Capitalism
Competition - Capitalism
Competition - Communism
Price - Capitalism
Profits - Capitalism
Employment Options - Communism
Price - Communism
Product Availability - Capitalism
Employment Options - Capitalism
Business Ownership - Communism
Match each of the options above to the items below.
When Suzanna Kogan was a teenager, she worked at the state-owned bread factory where everyone in her family worked. - 8. Employment Options- Capitalism
When John Wakoski was a teenager, he worked at his uncle’s famous artisan pottery shop on the weekends.- 11. Employment Options- Communism
Since bread production and sales are the same each month, the factory managers can ignore competition from other bread companies.- 5. Competition- Communism
Jack Sampson works in a highly competitive industry. He has to make sure he knows the trends of his market so he always offers good value and retains his competitive advantage.- 4. Competition- Capitalism
All of the money earned beyond the cost of running the shoe manufacturing business goes to the government.
Selena Franka chose to give all the money earned beyond the cost of running her footwear company to charity.
Since sweater selection is so limited, Penny has a difficult time finding one to purchase that makes her stand out from the crowd.
When Janet goes to the mall to buy shorts for summer, she becomes frustrated when she can’t decide which ones to buy due to so many different choices.
Relative to people’s income, the price for gasoline is quite high, so those who own cars are very conscientious about using them.
Each time there is a risk that the oil supply will decrease, or the supply does in fact decrease, gasoline prices skyrocket.
Mike receives notice from the government regarding where he is assigned to work.
Sara completes her college application to start her studies in Accounting.
The first 4 are answered, unsure if correct but please match the rest.
Profits - Communism: All of the money earned beyond the cost of running the shoe manufacturing business goes to the government.
Product Availability - Communism: Since sweater selection is so limited, Penny has a difficult time finding one to purchase that makes her stand out from the crowd.
Business Ownership - Capitalism: Selena Franka chose to give all the money earned beyond the cost of running her footwear company to charity.
Competition - Capitalism: Jack Sampson works in a highly competitive industry. He has to make sure he knows the trends of his market so he always offers good value and retains his competitive advantage.
Competition - Communism: Since bread production and sales are the same each month, the factory managers can ignore competition from other bread companies.
Price - Capitalism: Each time there is a risk that the oil supply will decrease, or the supply does in fact decrease, gasoline prices skyrocket.
Profits - Capitalism: When John Wakoski was a teenager, he worked at his uncle’s famous artisan pottery shop on the weekends.
Employment Options - Communism: When Suzanna Kogan was a teenager, she worked at the state-owned bread factory where everyone in her family worked.
Price - Communism: Relative to people’s income, the price for gasoline is quite high, so those who own cars are very conscientious about using them.
Product Availability - Capitalism: When Janet goes to the mall to buy shorts for summer, she becomes frustrated when she can’t decide which ones to buy due to so many different choices.
Employment Options - Capitalism: Sara completes her college application to start her studies in Accounting.
Business Ownership - Communism: Mike receives notice from the government regarding where he is assigned to work.
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Before the offer, Microsoft created the following discounted cash flow valuation of LinkedIn.
Why did the analysts add back stock expenses to get to free cash flows?
in US $ Thousands FY 16E FY 17E FY 18E FY 19E FY 20E FY 21E FY 22E FY 23E Terminal Value
Net Revenue 3,742,464 4,570,391 5,385,685 6,272,014 7,225,381 8,241,160 9,307,119 10,423,675 Cost of Revenue (500,860) (599,430) (671,042) (742,402) (812,487) (880,375) (974,363) (1,069,430) Gross Profit 3,241,604 3,970,961 4,714,643 5,529,612 6,412,894 7,360,785 8,332,756 9,354,245 Sales and Marketing (1,276,256) (1,535,216) (1,781,941) (2,044,070) (2,319,453) (2,605,850) (2,898,763) (3,197,823) Product Development (1,004,897) (1,178,117) (1,332,746) (1,489,994) (1,647,819) (1,785,504) (1,915,629) (2,038,170) General and Administrative (542,094) (612,367) (667,484) (719,033) (766,204) (808,377) (844,466) (874,842) Depreciation and Amortization (550,640) (587,919) (595,995) (612,094) (637,107) (664,393) (691,351) (717,171) Operating Income (132,283) 57,342 336,477 664,421 1,042,311 1,496,661 1,982,547 2,526,239 Free Cash Flow (FCF) EBIT (132,283) 57,342 336,477 664,421 1,042,311 1,496,661 1,982,547 2,526,239 Less Taxes (35% tax rate) 46,299 (20,070) (117,767) (232,547) (364,808) (523,831) (693,892) (884,183) Add Depreciation & Amortization 550,640 587,919 595,995 612,094 637,107 664,393 691,351 717,171 Add Stock Expense 580,398 594,908 609,781 625,025 640,651 656,667 673,084 689,911 Less Capital Expenditures (709,920) (727,668) (654,901) (671,274) (688,056) (705,257) (722,888) (740,961) Less Intangibles (8,308) - - - - - - - Unlevered Free Cash Flow 326,826 492,431 769,585 997,719 1,267,205 1,588,633 1,930,202 2,308,177 Present Value (WACC of 10%) 326,826 447,665 636,020 749,601 865,517 986,416 1,089,549 1,184,459 20,898,681
Total PV of Unlevered Free Cash Flow 27,184,735 Terminal Value Assumptions:
Growth: 4.6%
WACC: 10%
The analysts added back stock expenses to get to free cash flows because stock expenses, are a non-cash expense that does not affect a company's actual cash flow.
Why are stock expenses not include in cash flow ?Stock expenses are not included in the company's net cash flow from operating activities (cash flows from operations) as reported on the cash flow statement.
However, because stock expenses do represent a cost to the company, they are often subtracted from a company's net income when calculating its earnings per share (EPS). This can make the company's net income look lower than it actually is, which can affect how investors perceive the company's profitability.
To account for this discrepancy and get a more accurate picture of a company's actual cash flow, analysts often add back stock expenses to the net income when calculating free cash flow.
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Beckman Investments is considering an investment with the following cash flows:
CF0 -$500,000
CF1 $125,000
CF2 $150,000
CF3 $175,000
CF4 $630,000
What is the rate of return on this investment?
a.) 28.65%
b.)26.47%
c.)18.92%
d.)25.985%
Beckman Investments is considering an investment with the following cash flows:CF0 -$500,000CF1 $125,000CF2 $150,000CF3 $175,000CF4 $630,000The rate of return on this investment is approximately 26.47%.
To calculate the rate of return on this investment, the NPV is used, which can be calculated using the following formula: NPV = CF0 + CF1/(1+r) + CF2/(1+r)² + ... + CFn/(1+r)^n Here CF0, CF1, CF2, CF3, CF4 are the cash flows of years 0, 1, 2, 3, and 4, respectively. r = the rate of return, and n = the number of periods Let's plug the values of CF0, CF1, CF2, CF3, CF4 into the above formula.
NPV = -$500,000 + $125,000/(1+r) + $150,000/(1+r)² + $175,000/(1+r)³ + $630,000/(1+r)⁴To solve this problem, let's use a financial calculator to solve for r. When the above formula is solved using a financial calculator, the rate of return on this investment is approximately 26.47%, which is closest to the answer (b.)26.47%.Therefore, the correct answer is (b.)26.47%.
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State and explain the assertions of Absolute and Relative
Purchasing Power Parity
The assertion of Absolute Purchasing Power Parity (PPP) states that the ratio of two countries’ prices, when measured in terms of a common currency, should remain the same over time.
This is based on the notion that a unit of one currency should be able to purchase the same amount of goods and services in all countries. The assertion of Relative Purchasing Power Parity (RPPP) states that changes in exchange rates should be in proportion to changes in relative prices, i.e. relative inflation. It suggests that any changes in the exchange rate will be in direct proportion to the inflation rate of a country relative to that of another.
In summary, Absolute PPP states that the exchange rate should remain constant over time, while Relative PPP suggests that any changes in the exchange rate should be in proportion to the changes in relative prices. Both assertions are based on the idea that the same amount of currency should be able to purchase the same amount of goods and services in different countries.
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1) (10 pts). If you invest$1,000in an account that pays2%every 6 months, approximately how many years will it take to have$2,000?. 2) (10 pts.) If you gave a bank$12,000and got back$12,300at the end of 6 months, what was the nominal AND effective interest rates that your investment earned?. 3) (15 pts.) The maintenance cost for the car you just bought will be $350 the first year, the cost is expected to increase by $250 a year after that, and you plan to keep the car for 15 years. A company offers you maintenance insurance for a lump sum to be paid now. What is the maximum amount you should be willing to pay for it, if i=6%?
To calculate the time required to turn $1,000 into $2,000 with 2% interest every 6 months, we can use the formula for compound interest:
[tex]FV = PV * (1 + r)^n[/tex]
where FV is the future value, PV is the present value, r is the interest rate, and n is the number of periods.
In this case, FV = $2,000, PV = $1,000, and r = 2%/2 = 1% per 6 months. We want to find n in years. We can rearrange the formula to solve for n:
[tex]n = log(FV/PV) / (2 * log(1 + r))[/tex]
Substituting in the values, we get:
[tex]n = log(2) / (2 * log(1 + 0.01)) = 35.001[/tex]
Therefore, it will take approximately 35 years to turn $1,000 into $2,000 with 2% interest every 6 months.
The nominal interest rate is the stated rate of interest, while the effective interest rate is the actual rate of interest earned or paid, taking into account compounding. To calculate the nominal interest rate, we can use the simple interest formula:
SI = P * r * t
where SI is the interest earned, P is the principal amount, r is the interest rate per time period, and t is the time period in years.
In this case, SI = $300, P = $12,000, and t = 6/12 = 0.5 years. Solving for r, we get:
[tex]r = SI / (P * t) = 300 / (12,000 * 0.5) = 0.025 or 2.5%[/tex]
To calculate the effective interest rate, we can use the formula:
[tex]FV = PV * (1 + i)^n[/tex]
where FV is the future value, PV is the present value, i is the effective interest rate, and n is the number of periods.
In this case, PV = $12,000, FV = $12,300, and n = 1 since the investment was for 6 months. Solving for i, we get:
[tex]i = (FV / PV)^(1/n) - 1 = (12,300 / 12,000)^(1/1) - 1 = 0.025 or 2[/tex]
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Time Warner has bonds that are selling for $710 . The coupon interest rate on the bonds is 8.90 percent and they mature in 17 years. What is the yield to maturity on the bonds? What is the current yield?
The yield to maturity on the bond is %. (Round to two decimal places.)
The current yield on the bond is 12.54%. The price of the bond = $710 Coupon interest rate = 8.90% Maturity = 17 years. To calculate the yield to maturity on the bond, we will use the formula given below: P=PMT * [(1-1/(1+r)^n)/r]+ FV/(1+r)^n where P = Price of the bond, PMT = Coupon payment, r = rate of return, n = number of periods and FV = face value of the bond.
Substituting the values given, we get:$710 = $44.59 * [(1-1/(1+r)^17)/r] + $1000/(1+r)^17 now we need to find the rate of return r. We can do that by trial and error or by using a financial calculator. Using a financial calculator we get: Yield to maturity = 6.60%The yield to maturity on the bond is 6.60%.
The current yield is the annual interest payment divided by the current market price. The annual interest payment can be calculated as: Annual interest payment = coupon interest rate * face value= 8.90% * $1000= $89The current market price is $710.
Therefore, the current yield is given by: Current yield = Annual interest payment / Current market price= $89 / $710= 0.1254 or 12.54%. The current yield on the bond is 12.54%.
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you invest $3,000 annually in a mutual fund that earns 10 percent annually, and you reinvest all distributions. how much will you have in the account at the end of 20 years?
To determine the total amount of money that will be available in the account after 20 years of an annual investment of $3,000 at a 10% annual interest rate, the future value of an annuity equation is applied.
The formula is expressed as follows:
FV = P [(1 + r)n - 1] / r
Where: P = periodic payment or investment ($3,000); r = annual interest rate (10%); and n = number of periods (20 years).
We can now substitute the values:
FV = $3,000 [(1 + 0.10)^20 - 1] / 0.10FV = $3,000 [(6.72750) - 1] / 0.10FV = $3,000 (5.72750) / 0.10FV = $172,725
Therefore, the total amount of money that will be available in the account after 20 years of an annual investment of $3,000 at a 10% annual interest rate is $172,725.
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lumen, a manufacturer of theatre lighting, strives to improve the longevity and brightness of its lights by continuously changing designs and trying different combinations of component parts during manufacturing. this is an example of
Research on LED lighting is still going on, and it supports a number of goals for the American public. Products have resulted from LED illumination.
What does Six Sigma aim to do to better the business?Omega Six. Thanks to the Six Sigma methodology, businesses have the resources necessary to increase the capacity of their operational activities. Less errors are produced as a result of the increased efficiency and decreased process variance, which also boosts sales, employee satisfaction, and the quality of the finished good or service.
What are the aims of Lean manufacturing and Six Sigma?Reducing waste is the lean methodology's primary goal. According to Six Sigma, lower variation is preferred for the highest level of quality control. These two approaches are combined under the umbrella of the Lean Six Sigma (LSS) discipline.
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If you can’t pay immediately, what is one course of action you can take? what are the criteria?
There are two main ways to make a tax payment. You can either set it up to have your bank account automatically debited.
Or you can pay the tax in person by mailing a check or calling us to arrange the payment of the outstanding tax.
Another way to pay our taxes is to send our refunds directly to them until your balance is paid in full.
If you are unable to pay your taxes immediately, one option is to send your refund directly to our office. Failure to pay by a certain date is punishable and the state can charge additional interest.
A tax is an amount of money that a government collects from people based on their income, the value of their property, and other factors, and is used to pay for government services.
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Complete question:
What are the two primary ways you can make tax payments? What is one other way you can pay? If you can’t pay immediately, what is one course of action you can take? What are the criteria?
Post adjusting entries to the T-accounts. Cash 7/1 13.200 7/1 2.200
7/21 1.760 7/5 2.040
7/18 1.650
7/20 2.200
7/31 320
7/31 660
Account receivable
7/12 4.070 7/21 1.760
7/25 2.750 ----- ------------
The supplies used =$790 -$280 =$510
Adjusting Journal Entry and Adjusted Trial BalanceCalculations:-
1. Prepaid Insurance expired =$1560 x1/12 months =$130
2. Supplies used =$790 -$280 =$510
Unadjusted balances refer to account balances that have not been corrected or modified for any adjustments or entries at the end of an accounting period.
These balances are typically the raw data from transactions that have been recorded in an organization's books.
Unadjusted balances serve as a starting point for the preparation of financial statements, but they may not accurately reflect the financial position or performance of an organization if there are errors, omissions, or other issues in the underlying transactions.
Therefore, it is important to make appropriate adjustments and corrections to the account balances before finalizing financial statements.
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What are some specific laws that protect all employees? What type of guidelines do employers have to follow? How are employees to learn about these policies and know what is right and wrong?
Employers must adhere to both state and federal laws to protect their employees.
These laws include: the Fair Labor Standards Act (FLSA) which sets minimum wage, overtime, and recordkeeping requirements;
the Equal Pay Act which requires employers to provide equal pay to men and women doing the same job;
Employers must also have a set of policies and procedures in place to ensure compliance with the law. These policies should outline acceptable and unacceptable behaviors, employee rights and responsibilities, and disciplinary procedures.
Employees should be made aware of these policies, either through company handbooks or individual training sessions, so that they can understand what is expected of them and what actions are prohibited.
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Help
Subject: Seasonal Product Vendors
>
се
Hi,
The Seasonal Product Team needs a vendor who can quickly adjust to changes in product demand. The Planning Team has sent
over a table comparing how the four available vendors have been performing. Can you identify which vendor to recommend?
Thank you,
Nadia Loomis
Task
Instructions
Rank order the vendors, keeping the Seasonal Product Team's needs in mind.
Flexibility
Customer Issues
Quantity Shipped
Shipped On Time
Rank
Vendor
1
D
.
.
1
.
2
K
.
.
3
V
.
.
.
.
4
Р
O
1
Based on the table provided, I would recommend Vendor K as the best option for the Seasonal Product Team's needs.
Vendor K appears to be the most flexible, with a high score of 4 for Flexibility, indicating their ability to adjust to changes in product demand. They also have a high score of 4 for Quantity Shipped, indicating their capacity to meet the required product demand.
In terms of customer issues, Vendor K has a score of 2, which is relatively low compared to the other vendors, indicating that they have fewer customer issues. Additionally, they have a score of 3 for Shipped On Time, which is the second-highest score among the vendors, indicating that they have a good track record of timely deliveries.
Overall, Vendor K appears to be the most well-rounded option for the Seasonal Product Team's needs.
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5. A project has an initial cost of $45,000, expected net cash inflows of $10,000 per year for 11 years, and a cost of capital of 13%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to the nearest cent.6. A project has an initial cost of $60,000, expected net cash inflows of $13,000 per year for 8 years, and a cost of capital of 11%. What is the project's IRR? Round your answer to two decimal places.7. A project has an initial cost of $45,000, expected net cash inflows of $11,000 per year for 9 years, and a cost of capital of 8%. What is the project's MIRR? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places.8. A project has an initial cost of $70,000, expected net cash inflows of $11,000 per year for 12 years, and a cost of capital of 8%. What is the project's PI? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places.9. A project has an initial cost of $35,000, expected net cash inflows of $13,000 per year for 8 years, and a cost of capital of 11%. What is the project's payback period? Round your answer to two decimal places.10. A project has an initial cost of $35,000, expected net cash inflows of $8,000 per year for 7 years, and a cost of capital of 11%. What is the project's discounted payback period? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places
The project's NPV = $9,923.56
The project's Initial cost = -$55,000
How to calculate the net present value?To calculate the net present value, we need to use the following formula:
NPV= -Io + ∑[Cf/(1+i)ⁿ]
First, we need to discount the cash flows:
PV= Cfn / (1+i)ⁿ
Cf1= 10,000/1.11= 9,009.01
Cf2= 10,000/1.11²= 8,116.22
Cf3= 10,000/1.11³ = 7,311.91
Cf12= 10,000/1.11¹² = 2,858.41
Total PV= $64,923.56
Now, the NPV:
NPV= -55,000 + 64,923.56
NPV= $9,923.56
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Full Question ;
A project has an initial cost of $55,000, expected net cash inflows of $10,000 per year for 12 years, and a cost of capital of 11%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to the nearest cent.
Webster Company produces 40,000 units of product A, 27,000 units of product B, and 20,000 units of product C from the same manufacturing process at a cost of $440,000. A and B are joint products, and C is regarded as a by-product. The unit selling prices of the products are $30 for A, $25 for B, and $1 for C. None of the products require separable processing. Of the units produced, Webster Company sells 33,000 units of A, 26,000 units of B, and 20,000 units of C. The firm uses the net realizable value method to allocate joint costs and by-product costs. Assume no beginning inventory. (Do not round intermediate calculations.)
Required:
1. What is the value of the ending inventory of product A?
2. What is the value of the ending inventory of product B?
The value of the ending inventory for product A is $44,170. The value of the ending inventory for product B is $6,210.
To allocate joint costs using the net realizable value (NRV) method, we first need to determine the total net realizable value of the joint products (A and B) at the split-off point.
Calculate the total revenue for products A and B:
Product A: 33,000 units sold × $30 = $990,000
Product B: 26,000 units sold × $25 = $650,000
Total revenue (A + B) = $990,000 + $650,000 = $1,640,000
Calculate the revenue for the by-product (C) and deduct it from the total joint costs:
Product C: 20,000 units sold × $1 = $20,000
Joint costs after deducting by-product revenue: $440,000 - $20,000 = $420,000
Allocate the joint costs to products A and B based on their proportion of the total NRV:
Product A: ($990,000 / $1,640,000) × $420,000 = $252,439.02
Product B: ($650,000 / $1,640,000) × $420,000 = $167,560.98
Calculate the cost per unit for products A and B:
Product A: $252,439.02 / 40,000 units = $6.31 per unit
Product B: $167,560.98 / 27,000 units = $6.21 per unit
Calculate the value of the ending inventory:
Product A:Units in ending inventory: 40,000 produced - 33,000 sold = 7,000 units
Value of ending inventory: 7,000 units × $6.31 per unit = $44,170
Product B:Units in ending inventory: 27,000 produced - 26,000 sold = 1,000 units
Value of ending inventory: 1,000 units × $6.21 per unit = $6,210
So, the value of the ending inventory for product A is $44,170, and for product B, it is $6,210.
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5.12 On 1 April 2013, the first day of the financial year, T Young paid $9,500 cash for a computer to be used in his business. He also paid $500 for installation and $1,000 for annual maintenance charges. The computer was to be depreciated by the straight-line method at an annual rate of 20%, ignoring salvage value. On 31 March 2016, the computer was sold for $4,250 cash.
Required:
Show the entries in the following accounts and statements during the period of ownership:
a Computers account
b Computers accumulated depreciation account
c Computers disposal account
d Income statement (extract)
e Statement of financial position (extract)
a. Computers Account: 1 April 2013: Debit $10,500 (cash paid for computer, installation and maintenance) 31 March 2016: Credit $4,250 (cash received from sale of computer)
What is installation?Installation is the process of setting up a device or program in order to make it operational and ready for use. It involves configuring the settings, downloading and installing the necessary software and hardware components, and testing the system to make sure it works properly.
b. Computers Accumulated Depreciation Account
1 April 2013: Debit $2,100 (calculated depreciation based on 20% of cost of $10,500)
31 March 2016: Credit $2,100 (accumulated depreciation to be reversed)
c. Computers Disposal Account
31 March 2016:
Debit $4,250 (cash received from sale of computer)
Credit $2,100 (accumulated depreciation to be reversed)
Credit $2,150 (gain on sale of computer)
d. Income Statement (Extract)
31 March 2016:
Debit $2,100 (accumulated depreciation to be reversed)
Credit $2,150 (gain on sale of computer)
e. Statement of Financial Position (Extract)
31 March 2016:
Debit $4,250 (cash received from sale of computer)
Credit $2,100 (accumulated depreciation to be reversed)
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Q1. The local Toyota dealer from problem 2 is considering installing either a Q or P system for inventory control. The past standard deviation of demand has been 2.5 units per month, and the replenishment lead time is two months. A 95 percent service level is desired.
a. If a continuous review system is used, what is the value of Q and R that should be used? (5 Marks)
b. If a periodic review system is used, what is that mean? (5 Marks)
If a continuous review system is used, the value of Q and R is 71 units and 150 units respectively.
The continuous review system is used to monitor the inventory of the product continuously. In this method, the reorder point and order quantity are determined so that a minimum inventory level is maintained between the times when the order is placed and when the product is received. The maximum inventory level is also determined in this system.
The formula for finding the optimal order quantity in the continuous review system is:
Q* = √ (2DS / H)
Where Q* is the optimal order quantity, D is the annual demand, S is the setup cost per order, and H is the holding cost per unit per year.
The formula for the reorder point in the continuous review system is:
R = D * L
Where R is the reorder point, D is the daily demand, and L is the lead time.
If a continuous review system is used, the value of Q and R that should be used are:
Q* = √(2DS / H)
= √(2 * 2.5 * 24 / 0.2)
= 70.7 units (rounded to 71 units)
R = D * L
= 2.5 * 60
= 150 units
Note: The question is incomplete. The complete question probably is: The local Toyota dealer from problem 2 is considering installing either a Q or P system for inventory control. The past standard deviation of demand has been 2.5 units per month, and the replenishment lead time is two months. A 95 percent service level is desired. If a continuous review system is used, what is the value of Q and R that should be used?
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A coupon bond has a face value of $20,000 and a coupon rate of 6%. The current price of the bond is $19,342. The expected price at the end of the year is $20,990. (When entering number answers, round to 2 decimal places and do not use commas or $ or %).
1. What is the value of the coupon payment?
2. Calculate the Current Yield on this bond using today’s price.
3. At today’s price, is the yield to maturity on this bond greater than or less than the coupon rate?
4. Calculate the expected rate of return on this bond for the year.
1. The value of the coupon payment is $1,200.
Calculation: Coupon payment = Face value of bond x Coupon rate
Coupon payment = $20,000 x 6% = $1,200
2. The Current Yield on this bond using today’s price is 6.21%.
Calculation: Current Yield = Annual coupon payment / Bond's current price x 100%
Annual coupon payment = $1,200
Bond's current price = $19,342
Current Yield = $1,200 / $19,342 x 100%
Current Yield = 6.21%
3. At today’s price, the yield to maturity on this bond is less than the coupon rate.
Calculation: Yield to maturity = Annual coupon payment + (Face value - Current price) / Years to maturity / (Face value + Current price) / 2 x 100%
Annual coupon payment = $1,200
Face value = $20,000
Current price = $19,342
Years to maturity = 1
Yield to maturity = $1,200 + ($20,000 - $19,342) / 1 / ($20,000 + $19,342) / 2 x 100%
Yield to maturity = 6.14%
Since the yield to maturity is less than the coupon rate, the bond is selling at a discount.
4. The expected rate of return on this bond for the year is 8.12%.
Calculation: Expected rate of return = (Ending price - Beginning price + Annual income) / Beginning price x 100%
Ending price = $20,990
Beginning price = $19,342
Annual income = $1,200
Expected rate of return = ($20,990 - $19,342 + $1,200) / $19,342 x 100%
Expected rate of return = 8.12%
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Propose a new product, service, or feature. Come up with 2 potential ideas—no matter what they are—for a product, service, or feature that you think will provide value or solve a need in your customers’ lives.
There are a multitude of potential products, services, or features that can provide value or solve a need in customers' lives and two ideas are Smart Grocery List App , Virtual Interior Designer.
Smart Grocery List App: This app would automatically track the items that you buy on a regular basis and create a grocery list for you based on your previous purchases.
It could also suggest new items that you might like based on your buying habits and provide coupons for the items on your list. This would save customers time and money while grocery shopping.
Virtual Interior Designer: This service would allow customers to upload pictures of their home and virtually try out different furniture, paint colors, and decor. It would also provide recommendations for products based on the customer's style and budget.
This would make it easier for customers to plan and visualize their home decor without having to physically move furniture or paint walls.
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Both of these ideas have the potential to provide value and solve a need in customers' lives by making everyday tasks easier and more efficient.
Roberta Santos, age 41, is single and lives at 120 Sanborne Avenue, Springfield, IL 60781. Her Social Security number is 123-45-6789. Roberta has been divorced from her former husband, Wayne, for three years. She has a son, Jason, who is 17, and a daughter, June, who is 18. Jason’s Social Security number is 111-11-1111, and June’s is 123-45-6788. Roberta does not want to contribute $3 to the Presidential Election Campaign Fund.
Roberta, an advertising executive, earned a salary of $80,000 in 2014. Her employer withheld $9,000 in Federal income tax and $3,100 in state income tax.
Roberta has legal custody of Jason and June. The divorce decree provides that Roberta is to receive the dependency deductions for the children. Jason lives with his father during summer vacation. Wayne indicates that his expenses for Jason are $10,500. Roberta can document that she spent $6,500 for Jason’s support during 2014. In prior years, Roberta gave a signed Form 8332 to Wayne regarding Jason. For 2014, she has decided not to do so. Robertaprovides all of June’s support.
Roberta’s mother died on January 7, 2014. Roberta inherited assets worth $625,000 from her mother. As the sole beneficiary of her mother’s life insurance policy, Roberta received insurance proceeds of $300,000. Her mother’s cost basis for the life insurance policy was $120,000. Roberta’s favorite aunt gave her $13,000 for her birthday in October.
On November 8, 2014, Roberta sells for $22,000 Amber stock that she had purchased for $24,000 from her first cousin, Walt, on December 5, 2009. Walt’s cost basis for the stock was $26,000, and the stock was worth $23,000 on December 5, 6-416-422009. On December 1, 2014, Roberta sold Falcon stock for $13,500. She had acquired the stock on July 2, 2011, for $8,000.
An examination of Roberta’s records reveals that she received the following:
-Interest income of $2,500 from First Savings Bank.
-Groceries valued at $750 from a local grocery store for being the 100,000th customer
-Qualified dividend income of $1,800 from Amber
-Interest income of $3,750 on City of Springfield school bonds.
-Alimony of $16,000 from Wayne.
-Distribution of $4,800 from ST Partnership. Her distributive share of the partnership passive taxable income was $5,300. She had no prior passive losses.
From her checkbook records, she determines that she made the following payments during 2014:
-Charitable contributions of $4,500 to First Presbyterian Church and $1,500 to the American Red Cross (proper receipts obtained).
-Mortgage interest on her residence of $7,800
-Property taxes of $3,200 on her residence and $1,100 (ad valorem) on her car.
-Estimated Federal income taxes of $3,800 and estimated state income taxes of $1,000.
-Medical expenses of $5,000 for her and $800 for Jason. In December, her medical insurance policy reimbursed $1,500 of her medical expenses.
-A $1,000 ticket for parking in a handicapped space.
-Attorney’s fees of $500 associated with unsuccessfully contesting the parking ticket
-Contribution of $250 to the campaign of a candidate for governor.
-Because she did not maintain records of the sales tax she paid, she calculates the amount from the sales tax table to be $994.
Calculate Roberta’s net tax payable or refund due for 2014. Use the appropriate forms and schedules. Complete cumulative tax problem, You will prepare the manual tax return utilizing – Form 1040 and Schedules A, B, D & E.
Tax Planning Response: Roberta is asking for your advice regarding her 2014 tax situation. She paid off the mortgage on her home in April 2013 with the insurance proceeds she received. June her daughter, is getting married in September and will file a joint tax return with her spouse. Roberta will be receiving a $30,000 bonus in May and is concerned that she have enough tax withheld given these changes. She would like you to project her taxable income and tax liability for 2014. She will not sell any stocks this year and will not receive any prizes, otherwise all other income items and itemized deductions will be the same except as noted above.
First, let's calculate Roberta's taxable income for 2014 Salary $80,000 Interest income from First Savings Bank $2,500 Qualified dividend income from Amber $1,800 Alimony received $16,000 Distribution from ST Partnership $4,800 Total Income $105,100.
What is an Income ?Income refers to the money that an individual or entity receives from various sources, such as employment, investments, business activities, and government benefits. It is generally considered as the inflow of economic resources, such as wages, salaries, interest, dividends, capital gains, and rental income. Income can be earned or unearned and may be subject to taxes or other types of deductions. It is a crucial factor in determining an individual's financial well-being and is used to calculate various tax liabilities and government benefits.
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a landlord fails to make improvements to keep the balconies of his apartment building at a level of repair that meets the city code. after several warnings from the city, one of the balconies falls and smashes the furniture and barbecue of one of the tenants. another tenant is near the balcony when it falls but no one sustains physical injuries. compensatory damages may include .
Compensatory damages may include the cost of repair, warning, and payment to affected tenants.
Compensatory damage: Compensatory damages refer to monetary payment awarded by the court to the victim of a tort to compensate for the loss or damage they suffered. The primary purpose of compensatory damages is to make the victim "whole" again by compensating for the injury or loss suffered.
How can a tenant get compensatory damages?
The following is how tenants can get compensatory damages:
Document the damage and cause of the damage.Notify the landlord and request that the damage be fixed.Document the communication with the landlord and efforts made by the tenant to get the damage fixed.If the landlord fails to fix the damage, the tenant may bring a lawsuit against the landlord in a small claims court. The tenant must establish that the damage was caused by the landlord's negligence or breach of contract. If the tenant wins the lawsuit, the court may award compensatory damages to the tenant to compensate for the cost of repair, warning, and payment to affected tenants.Thus, the cost of repair, warning, and payment to affected tenants may include compensatory damages.
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4. A product engineer has developed the following equation for the cost of a system component: C=(10P)2, where C is the cost in dollars and P is the probability that the component will operate as expected. The system is composed of two identical components, both of which must operate for the system to operate. The engineer ean spend $173 for the two components. To the nearest two decimal places, what is the largest component probability that ean be achieved?
Two components cost $173 to the engineer. • The cost of two components is equal to two (10P). • Component cost Equals component selling price.
What is an illustration of a component?
A single button in a graphical user interface, a little interest calculator, and an interface to a database management are all examples of user interface elements. Components of a network can be placed on various servers and communicate with one another to provide required services. The subject, predicate, punctuation, and capitalization are the key components of a sentence. The subject of the phrase performs the action or verb, while the direct object receives the action. The predicate of a sentence is formed by the verb and its objects.
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CASE STUDY.
Read case "Madison, Jones, and Conklin" on p. 373 and answer questions at the end of the case.
What forms of gender discrimination did Kravitz experience?
What could Kravitz have done to overcome the obstacles she encountered?
What could the president have done to create equal opportunity in this company?
Two peer-reviewed sources minimum for the whole assignment.
The forms of gender discrimination experienced by Kravitz experience was her role was undervalued despite her qualification, she was not given appropriate growth opportunities, and were given mundane tasks. She also experienced harassments from her male coworkers.
Kravitz could have overcome the obstacles she encountered by confronting her bosses, documented discrimination and harassments incident, network with other female employees, and be more assertive.
The president could have create equal opportunity in this company by creating a diverse workforce and bias free hiring process, providing training to managers and employees, creating support network, and monitoring employee performance and growth.
In the given case study, Kravitz experienced several forms of gender discrimination during her time at Madison, Jones, and Conklin. For instance, Kravitz’s role as an administrative assistant was significantly undervalued and ignored, despite her extensive qualifications and training. Although Kravitz had an MBA, which is a relevant qualification for a management position, she was instead assigned a low-level job that was less demanding than her qualifications would have allowed.
Moreover, Kravitz was not given any growth opportunities or promotions, despite the many years she spent with the company. In contrast, male employees with fewer qualifications and experience than Kravitz received promotions and recognition, demonstrating the clear gender discrimination that existed at the company.
Additionally, Kravitz was also given mundane and clerical tasks, which were traditionally women's jobs. The management team at Madison, Jones, and Conklin ignored her other qualifications and capabilities, which were not typical for women in the company. Furthermore, Kravitz experienced harassment from her male colleagues. They referred to her using derogatory terms and made sexist jokes, creating a hostile work environment.
To overcome the gender discrimination she faced, Kravitz could have done the following:
She could have confronted her bosses and demanded that they recognize her qualifications and skills and offer her better opportunities for growth and development.She could have documented all incidents of discrimination and harassment and sought legal action or support from equal employment opportunity organizations. This would have helped her to make a case against the company and win compensation for lost opportunities.She could have networked with other professionals, including other women, and sought mentorship from those who had experience dealing with similar issues.She could have taken a more assertive approach to her work, making sure that her work is noticed and recognized. This could have made it difficult for the management team to ignore her contributions and qualifications.The president of Madison, Jones, and Conklin could have taken several steps to create equal opportunities in the company. These include:
They could have created a more diverse workforce by hiring more women and members of other underrepresented groups. They could have also ensured that the hiring process was free from bias and that all candidates were evaluated solely based on their qualifications and skills.They could have offered training to managers and employees to promote gender equality and prevent discrimination and harassment. This could have involved creating policies and guidelines to help employees understand what behavior is acceptable and what is not. It could also have involved training employees on how to respond to discrimination or harassment allegations.They could have created a support network for women and other underrepresented groups in the company. This could have included mentorship and coaching programs, networking events, and social activities that promote diversity and inclusion.They could have established a system for monitoring employee performance, growth, and development to ensure that everyone receives equal opportunities for promotions and other benefits. This could have included regular reviews, feedback sessions, and evaluations based on clear and measurable criteria.Learn more about Gender discrimination:
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Entrepreneurship is in Alyssa Stuart's blood. Alyssa has been starting businesses since she was 10 years old, and she finally has the perfect business of custom-made furniture. Customers who visit Alyssa's shop can choose from a number of different fabrics and 50 different styles of couch and chair designs to create their custom-made furniture. Once the customer decides on a fabric pattern and furniture design, the information is sent to China where the furniture is built and shipped to the customer via the West Coast. Alyssa is excited about her business; all of her hard work has finally paid off as she has more than 17,000 customers and 875 orders currently in the pipe. Alyssa's business is booming. Her high-quality products and outstanding customer service have created an excellent reputation for her business.
In order to expand the business, Alyssa Stuart has hired you as an external financial consultant. You are expected to provide her with advice on financial management issues, business strategy and future development.
Alyssa Stuart is thinking of starting a store that specializes in handmade Viennese style bentwood chairs. Before opening her store, Alyssa is curious about how her profit, revenue, and variable costs will change depending on the amount she charges for the chairs. Alyssa would like you to perform the work required for this analysis and has given you the data. Here are a few things to consider while you perform your analysis:
• Current competitive prices for Viennese style bentwood chairs are between $225 and $275 a chair.
• Variable costs will be either $100 or $150 a chair depending on the types of material Alyssa chooses to use.
• Fixed costs are $10,000 a month.
1. Excel file containing the information in the next page:
Alyssa's chairs - Price One
Alyssa's chairs - Price Two
Chair Price
$ 225 Chair Price
$ 275 Variable Cost per chair
$ 125 Variable Cost per chair
$ 150 Fixed Cost
$ 10,000 Fixed Cost
$ 10,000 Number of chairs to sell
Number of chairs to sell
Total revenue
Total revenue
Note: Define the names for the cells with numbers (select the cell(s) to be named, click in the Name box (to the left of the formula bar), valid one-word name for the list, e.g. Chair_Price_One, and press the Enter key).
Calculate the break-even point for Alyssa's shop (the quantity of chairs and total revenue) for both scenarios of pricing. In your opinion, which of the pricing strategies is preferable? Why? For your answer, make sure that your Excel table contains calculations so the Instructor can see the formula in the formula bar for the populated cells.
How can Alyssa boost her profits by cost cutting or increase sales? Provide at least three recommendations that you consider the most important.
1. Break-even Point for Chair Price One: For the first scenario, the break-even point is when Alyssa needs to sell 92 chairs to break even, with a total revenue of $20,700.
What is scenario?Scenario is a term used to describe the narrative of a story, plan, or situation. It is usually used in the context of a business plan, where it outlines the various causes and effects of a particular action or set of actions. A scenario typically describes a sequence of events, potential outcomes, and potential responses to those outcomes.
Break-even Point for Chair Price Two: For the second scenario, the break-even point is when Alyssa needs to sell 71 chairs to break even, with a total revenue of $20,025.
In my opinion, the first scenario is preferable. This is because the first scenario has a lower break-even point of 92 chairs, compared to the second scenario which has a break-even point of 71 chairs. Additionally, the total revenue of the first scenario is $20,700, which is higher than the total revenue of the second scenario, which is $20,025. Therefore, the first scenario is more likely to generate more profit for Alyssa's business.
How can Alyssa boost her profits by cost cutting or increase sales?
1. Alyssa can use digital marketing to increase sales. Digital marketing platforms such as social media, search engine optimization, and email campaigns can help Alyssa reach a wider customer base and increase sales.
2. Alyssa can focus on customer loyalty programs or discounts. This will encourage customers to come back and buy more chairs.
3. Alyssa can look for alternative suppliers that offer cheaper materials. This will help reduce the variable cost per chair and increase profits.
4. Alyssa can also look into bulk buying materials to reduce costs. Buying in bulk will enable Alyssa to get a lower price for the materials she needs for her chairs.
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Break-even Point for Chair Price One: In the first case, Alyssa must offer 92 chairs for a total of $20,700 in sales in order to break even.
What is Break-even Point?Break-even Point for Chair Price Two:
In the second situation, Alyssa must sell 71 chairs for a total of $20,025 in sales before she breaks even.
I think the first possibility is better. This is so that the first scenario's break-even point, which is 92 chairs, is lower than the second scenario's break-even position, which is 71 chairs. Additionally, the first scenario's total revenue, which is $20,700, is greater than the second scenario's total revenue, which is $20,025. As a result, Alyssa's company is more likely to make more money under the first situation.
To boost sales, Alyssa can use internet marketing. Alyssa can expand her customer base and boost revenue by using digital marketing tools like email campaigns, social media, and search engine optimization.Alyssa can concentrate on promotions or client loyalty programs. This will entice clients to return and purchase additional seats.Alyssa can search for different vendors who provide less expensive materials. Profits will rise and the variable expense per chair will be decreased as a result.To cut expenses, Alyssa can also consider buying supplies in bulk. Alyssa will be able to get the supplies she needs for her chairs for less money by purchasing in quantity.To know more about Break-even Point, visit:
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The complete question attached below,
When a company develops a product and then attempts to sell it through normal distribution channels in a number of test-market cities, it is engaged in ______.
When a company develops a product and then attempts to sell it through normal distribution channels in a number of test-market cities, it is engaged in test marketing.
Test marketing is the process of introducing a new product or service to a limited geographical area in order to assess consumer response to the product or service. The goal of test marketing is to give a business the opportunity to observe the market's response to the product or service and make necessary adjustments to the marketing strategy.
Test marketing is used by businesses to gather information about consumer behavior, which they use to make strategic decisions. This data may be used to determine how a product will perform when it is released to the public, or to identify ways to improve the product before its release.Test marketing helps companies identify the strengths and weaknesses of a product or service, as well as potential problems that may arise in the future. By identifying these issues early on, a company can make the necessary changes to ensure that the product is successful in the long term.
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