The corporate diversification occurred through acquisition, as Amazon purchased Whole Foods Market to integrate it into its portfolio of businesses.
A recent example of corporate diversification is Amazon's acquisition of Whole Foods Market in 2017. This acquisition can be considered related diversification as both companies operate in the retail industry, although in different sectors (online retail and grocery retail).
The acquisition aims to achieve both economy of scope and market power. By integrating Whole Foods' physical grocery stores into its operations, Amazon gains access to a network of brick-and-mortar locations and expands its presence in the grocery market. This allows Amazon to offer a broader range of products and services to its customers, leveraging its existing infrastructure and logistics capabilities.
Through this acquisition, Amazon also gains market power by strengthening its competitive position in the grocery industry. It enables the company to compete more effectively with other major grocery retailers by combining its e-commerce expertise and technological innovations with Whole Foods' reputation for high-quality organic and natural products.
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acme global is opening a new facility in osaka, japan. it wants to hire the best talent from wherever that talent may be located. it could staff the new facility with ______ country nationals.
Acme Global has a fantastic opportunity to open a new facility in Osaka, Japan. As the company looks to expand its reach and tap into new markets, it's only natural to want to hire the best talent from wherever it may be located.
One option that Acme Global could consider is to staff the new facility with host country nationals. In this case, that would mean hiring individuals who are Japanese citizens or permanent residents. This option has several advantages. Firstly, it would allow the company to tap into local expertise and knowledge of the Japanese market, culture, and business practices.
These individuals would have a deeper understanding of the local consumer needs and preferences, which would be a valuable asset in developing products and services that resonate with the Japanese market. Additionally, hiring host country nationals would help Acme Global to build strong relationships with local suppliers, vendors, and partners. This would be important in terms of securing reliable and cost-effective supply chains, which would ultimately translate into higher profitability and competitiveness.
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WALDEN COMPANY (A)
Walden Company makes and sells wooden furniture. A recent fire destroyed most of the company’s accounting record. Mike Lawson, the manager of Walden Company, needs to prepare an income statement for an upcoming meeting with the company’s board of directors. Because the key accounts are not usable, Mike asked the company’s accountants to obtain necessary information from other sources. After contacting various sources, the company has collected the following information about its activities for 2015. During the year 2015, the company's sales amounted to $600,000. The costs incurred by the company in 2015 were as follows:
About sixty percent of the factory building was devoted to manufacturing operations, so 60 percent of building depreciation and property taxes is treated as a factory cost. The company was subject to an income tax rate of 30 percent.
Required
Compute the following for the company for 2015:
A. Raw materials consumed
B. Factory overhead incurred
C. Cost of furniture manufactured
D. Cost of furniture sold
E. Selling and administrative expenses incurred
Prepare a summary income statement for Walden Company for 2015.
4
WALDEN COMPANY (B)
Refer to the Walden (A) case.
One of the jobs that Walden completed during the year was for a furniture retailer who ordered a batch of futon frames. Direct materials consumed for this job amounted to $7,000. Three thousand hours of direct labor were spent on the job, at a cost of $20,000. Per the terms of the contract, the purchaser was to pay Walden the cost of making the frames plus a profit of twenty percent of the cost.
Required
Determine the price for the futons, according to the terms of the contract.
The following for the company for 2015: A. The Raw Materials Consumed is $240000. B. The Factory Overhead Incurred is $80000. C. The Cost of Furniture Manufactured is $520000. D. Cost of furniture sold is $520000. E. Selling and administrative expenses incurred is $60000. B. The price for the futons is 38880.
A. Raw materials consumed:
Total Manufacturing Costs = Direct Material + Direct Labor + Factory Overhead
Total Manufacturing Costs = $240,000 + $200,000 + $80,000 = $520,000
Raw Materials Consumed = Beginning Raw Materials Inventory + Purchases - Ending Raw Materials Inventory
We don't have the information about beginning and ending inventory, but we can use the formula:
Raw Materials Consumed = Total Manufacturing Costs - Direct Labor - Factory Overhead
Raw Materials Consumed = $520,000 - $200,000 - $80,000 = $240,000
B. Factory overhead incurred:
60% of Depreciation on Factory Building = 60% x $50,000 = $30,000
60% of Property Taxes = 60% x $10,000 = $6,000
Factory Overhead Incurred = $30,000 + $6,000 + Indirect Materials + Indirect Labor
We don't have the information about indirect materials and indirect labor, so we can use the formula:
Factory Overhead Incurred = Total Manufacturing Costs - Direct Material - Direct Labor
Factory Overhead Incurred = $520,000 - $240,000 - $200,000 = $80,000
C. Cost of furniture manufactured:
Cost of Furniture Manufactured = Direct Material + Direct Labor + Factory Overhead
Cost of Furniture Manufactured = $240,000 + $200,000 + $80,000 = $520,000
D. Cost of furniture sold:
Cost of Furniture Sold = Beginning Finished Goods Inventory + Cost of Furniture Manufactured - Ending Finished Goods Inventory
We don't have the information about beginning and ending inventory, so we can use the formula:
Cost of Furniture Sold = Cost of Furniture Manufactured - Ending Finished Goods Inventory
Cost of Furniture Sold = $520,000 - $0 = $520,000
E. Selling and administrative expenses incurred:
Selling and Administrative Expenses Incurred = $20,000
Summary Income Statement for Walden Company for 2015:
Sales $600,000
Cost of Goods Sold:
Beginning Finished Goods Inventory $0
Add: Cost of Furniture Manufactured 520,000
Goods Available for Sale $520,000
Less: Ending Finished Goods Inventory 0
Cost of Goods Sold 520,000
Gross Profit 80,000
Less: Selling and Administrative Expenses 20,000
Net Income $60,000
B. To determine the price for the futons, we need to calculate the total cost to make them first. The cost includes direct materials, direct labor, and factory overhead.
Total Cost = Direct Materials + Direct Labor + Factory Overhead
Total Cost = $7,000 + $20,000 + 20% x ($7,000 + $20,000) = $7,000 + $20,000 + $5,400 = $32,400
According to the terms of the contract, the purchaser was to pay the cost of making the frames plus a profit of twenty percent of the cost. Therefore, the price for the futons is:
Price = Total Cost + 20% x Total Cost
Price = $32,400 + $6,480 = $38,880
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On May 27, Buzz Off Inc. reacquired 5,500 shares of its common stock at $23 per share. On August 3, Buzz Off sold 3,200 of the reacquired shares at $26 per share. November 14, Buzz Off sold the remaining shares at $22 per share.
Journalize the transactions of May 27, August 3, and November 14. For a compound transaction, if an amount box does not require an entry, leave it blank.
May 27_____
Aug. 3_____
Nov. 14_____
Answer:
May 27
Dr Treasury Stock $126,500
Cr Cash $126,500
Aug. 3
Dr Cash $83,200
Cr Treasury Stock $73,600
Cr Paid-in Capital from Sale of Treasury Stock $9,600
Nov. 14
Dr Cash $50,600
Dr Paid-in Capital from Sale of Treasury Stock $2,300
Cr Treasury Stock $52,900
Explanation:
Preparation for the Journal entries for Buzz Off Inc
May 27
Dr Treasury Stock $126,500
(5,500 × $23)
Cr Cash $126,500
Aug. 3
Dr Cash $83,200
(3,200 × $26)
Cr Treasury Stock $73,600
(3,200 × $23)
Cr Paid-in Capital from Sale of Treasury Stock $9,600[3,200 × ($26 – $23)]
Nov. 14
Dr Cash $50,600
($5,500-$3,200 × $22)
Dr Paid-in Capital from Sale of Treasury Stock $2,300
[$5,500-$3,200 × ($23 – $22)
Cr Treasury Stock $52,900
(2,300 × $23)
Employee values are defined as those things that a person sees as __________________ to his or her welfare.
A. conducive
B. coherent
C. classy
D. correlation
A. conducive.Employee values are an integral part of an individual's mindset and play a crucial role in shaping their attitudes, behaviors, and overall job satisfaction.
These values are defined as the principles, beliefs, and ideals that employees hold dear and consider important for their personal well-being within the workplace.
When we say that employee values are conducive to their welfare, we mean that these values contribute positively to their overall job satisfaction, engagement, and overall sense of fulfillment in their work environment. Employee values act as guiding principles that align with their personal needs, desires, and aspirations, ensuring that their welfare is taken into consideration.
Conducive values canand priorities. For example, some employees may highly vary from person to person, as each employee has unique preferences value work-life balance and prioritize flexible working hours, while others may prioritize career growth and development opportunities. Some common examples of conducive employee values include autonomy, fairness, respect, teamwork, open communication, work-life balance, ethical practices, and opportunities for personal and professional growth.
When employees feel that their values are aligned with the organizational culture and practices, they are more likely to experience higher job satisfaction, increased motivation, and a greater sense of commitment towards their work. On the other hand, if there is a misalignment between employee values and the organizational environment, it can lead to dissatisfaction, disengagement, and higher turnover rates.
Understanding and acknowledging employee values is essential for organizations to create a positive work environment that promotes employee well-being and fosters a sense of belonging. It requires organizations to be attentive to the needs and preferences of their employees, and to create policies, practices, and programs that support and align with their values.
In conclusion, employee values are the beliefs and principles that individuals consider important for their personal welfare in the workplace. These values play a significant role in shaping employees' attitudes, behaviors, and overall job satisfaction. When organizations recognize and respect these values, they can create a work environment that supports employees' well-being and fosters a positive and productive workforce.
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Question 8
1 p
Tanner is entering high school and needs to save as much money as he can for college. What rate
of return must Tanner earn for his investment of $5,000 to double in 4 years?
%
Answer:
It must be invested at 19% per year.
Explanation:
Given that Tanner is entering high school and needs to save as much money as he can for college, to determine what rate of return must Tanner earn for his investment of $ 5,000 to double in 4 years, the following calculation must be performed:
72 / X = 4
72/4 = X
18 = X
Thus, approximately, it must be invested at 18% per year. But it must be checked by the following calculation:
5000 x 1.18 ^ 4 = 9,693.88
5000 x 1.19 ^ 4 = 10,026.69
Thus, it must be invested at 19% per year.
Levi has always wanted to be a lawyer, but the top career cluster for him, according to his personal assessment, is the Arts, A/V Technology, and Communications cluster. What would be a mistake for Levi after taking the personal assessment? giving up on being a lawyer researching the Arts, A/V Technology, and Communications career cluster talking about the test with a school counselor researching the Law career cluster
Answer:
A) Giving up on being a lawyer
Explanation:
Just because some test told Levi he was good at the Arts, A/V Technology and communications cluster. Doesn't mean it he has to give up on his goal.
Answer:
A. giving up on being a lawyer
Explanation:
Edge 2021
does unemployment affect demand?
Yes it does. Unemployment is when a person isn't currently hired at a work pleace. If people are unemployed they are making no income so less people are in need of products so it lowers the demand.
A man has his property listed with a broker. On June 23, a fire causes considerable damage to the property. On June 25, the owner revokes the listing. On June 29, the broker is deemed incompetent. Two days later, on July 1, the listing expires. On what date was the listing terminated
On June 29, the broker is deemed incompetent. Two days later, on July 1, the listing expires. On June 23 listing will be terminated.
How does this occur?
A listing agreement may be amended, but only with the written consent of all parties. A different broker is chosen by the seller to handle the listing.When the listing broker is still eligible to get a commission after the listing has expired.The Fifth Amendment of the United States Constitution states that "nor shall private property be seized for public use, without just compensation." We both believe that it is useful to remember the justifications behind the provision in order to comprehend it.To know more about listing here
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What is the owner's liability in an LLC?
In an LLC (Limited Liability Company), the owner's liability is generally limited to their investment in the business. This means that personal assets of the owners, also known as members, are typically protected from being seized or used to settle the company's debts and obligations.
This limited liability feature offers a significant advantage for owners, as it separates their personal finances from the business's liabilities. However, there are some situations where an owner's liability may not be completely limited. For instance, if a member personally guarantees a loan for the LLC or engages in illegal, fraudulent, or negligent activities, they may be held personally responsible for any resulting damages or losses. Additionally, if the LLC fails to follow proper legal and operational formalities, the limited liability protection could be at risk.
an LLC provides owners with limited liability protection, shielding personal assets from the company's debts and obligations. This protection is not absolute, as owners may be held personally liable in certain circumstances, such as guaranteeing loans or engaging in unlawful actions.
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What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.
Answer:
I think D is correct answer
The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
The information related to the profit is as follows:
It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.Therefore all the other options are incorrect.
Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
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beal, inc. had the following information available at the end of year 3: trading securities increase $300,000 available-for-sale debt securities decrease (100,000) equipment increase 500,000 common stock increase 100,000 equipment costing $1,300,000 was acquired for $600,000 with the balance financed through a long-term note payable. equipment costing $800,000, with a carrying value of $325,000, was sold for $350,000. the available-for-sale debt securities were sold for $135,000. the stock was issued at $10 par value. there were no other transactions involving the accounts. in beal's year 3 statement of cash flows, net cash used by investing activities was
The net cash used by financing activities in Beal Inc.'s Year 3 statement of cash flows is -$15,000.
To calculate the net cash used by financing activities in Beal Inc.'s Year 3 statement of cash flows, we need to consider the changes in various financing-related accounts.
Net cash used by financing activities is typically calculated by summing up the cash inflows and outflows related to financing activities.
1. Accounts payable decrease ($5,000): This indicates a reduction in accounts payable, which is a liability account. A decrease in accounts payable represents a cash outflow from financing activities
2. Dividends payable increase $160,000: This shows an increase in dividends payable, which is also a liability account. An increase in dividends payable represents a cash inflow from financing activities since dividends are paid to shareholders.
3. Notes payable increase $110,000: This indicates an increase in notes payable, which is a liability account. An increase in notes payable represents a cash inflow from financing activities since Beal Inc. borrowed money through the issuance of notes.
4. Common stock ($10 par) increase $100,000: This represents an increase in common stock, which is an equity account. An increase in common stock represents a cash inflow from financing activities when new shares are issued.
5. Additional paid-in capital increase $120,000: This indicates an increase in additional paid-in capital, which is an equity account. An increase in additional paid-in capital represents a cash inflow from financing activities when additional funds are received from shareholders.
6. Cash dividends declared $500,000: This represents the cash outflow from financing activities as dividends were paid to shareholders.
To calculate the net cash used by financing activities, we sum up the cash inflows and outflows related to financing activities:
Net cash used by financing activities = (Dividends payable increase) + (Notes payable increase) + (Common stock increase) + (Additional paid-in capital increase) - (Accounts payable decrease) - (Cash dividends declared)
Net cash used by financing activities = $160,000 + $110,000 + $100,000 + $120,000 - $5,000 - $500,000
Net cash used by financing activities = -$15,000
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Complete Question:
Which metrics will help a Product Owner establish that value is being delivered? (choose the best two answers) a. Customer satisfaction. b. Velocity. c. Scope implemented. d. Productivity. e. Time to market.
The best two metrics that will help a Product Owner establish that value is being delivered are:
a. Customer satisfaction.
e. Time to market.
Customer satisfaction is a crucial metric as it directly reflects whether the product is meeting customer needs and expectations. It can be measured through surveys, feedback, and reviews, providing valuable insights into the perceived value of the product.
Time to market is another essential metric as it measures the speed at which a product or feature is delivered to the market. A shorter time to market indicates the ability to quickly respond to market demands, gain a competitive edge, and start generating value sooner.
These two metrics together provide a comprehensive view of the value being delivered, considering both customer satisfaction and the efficiency of delivering valuable features to the market.
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Impossible foods created the bite me tour, a multi-city food truck promotion tour to generate publicity and excitement for the company’s plant-based meat products. This is an example of which category of marketing?.
If impossible foods created the bite me tour, a multi-city food truck promotion tour to generate publicity and excitement for the company’s plant-based meat products. This is an example of Push-Pull Marketing Strategy.
What is Push-Pull Marketing Strategy?Push-Pull Marketing Strategy can be defined as a form of strategy use by companies so as to enables customers to be attracted to their product.
Using this type of marketing strategy can tend to lead to increase in sales which can enables them to generate more revenue or profit. Based on this scenario the company is making use of Push-Pull Marketing Strategy to market their product to the audience.
Therefore this is an example of Push-Pull Marketing Strategy.
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In the army, each soldier has an assigned rank. A soldier of rank X has to report to (any) soldier of rank X + 1. Many soldiers can report to the same superior. Write a function: class Solution { public int solution(int[] ranks); } that, given an array ranks consisting of soldiers' ranks, returns the number of soldiers who can report to some superior. Examples: 1. Given ranks = [3, 4, 3,0, 2, 2, 3, 0, 0], your function should return 5, because • Three soldiers of rank 3 (ranks[0], ranks[2], ranks[6]) may report to a soldier of rank 4 (ranks[1]). • Two soldiers of rank 2 may report to any soldier of rank 3. 2. Given ranks = [4, 2, 0], your function should return 0. 3. Given ranks = [4, 4, 3, 3, 1, 0), your function should return 3, because • A soldier of rank 0 can report to a soldier of rank 1. • Two soldiers of rank 3 can report to any soldier of rank 4. Write an efficient algorithm for the following assumptions: • N is an integer within the range [2..100,000); • each element of array ranks is an integer within the range [O.. 1,000,000,000).
The problem can be solved by first counting the number of soldiers at each rank. Then, iterate over the ranks and check if there are soldiers at rank `r+1`.
If so, add the number of soldiers at rank `r` to the count of soldiers who can report to a superior. Finally, return the count.
Here's the code:
```class Solution {
public int solution(int[] ranks) {
int[] count = new int[1000000001];
for (int r: ranks) {
count[r]++;
}
int total = 0;
for (int r: ranks) {
if (count[r + 1] > 0) {
total += count[r];
}
}
return total;
}
}
```
This solution has a time complexity of O(n), where n is the length of the `ranks` array and a space complexity of O(max(rank)).
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What two activities are part of the development step of a marketing research plan?.
Marketing research plan is an integral part of marketing, activities of a market research plan include market survey and outlining actions to be taken.
What is marketing research plan?Marketing research plan is a document that contains information concerning the potential market.
Activities of a market research plan include,
Market survey to know potential marketOutlining actions to be taken to be at advantage of potential market.Therefore, activities of a market research plan include market survey and outlining actions to be taken.
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If you invested $250 at 16% how much will have after 4.5 years
Answer:
$180
Explanation:
$250 * 0.16 * 4.5 = $180
Answer:
it depends on how often it's compounded
yearly:
The final balance is $487.53.
The total compound interest is $237.53.
semi-annually:
The final balance is $499.75.
The total compound interest is $249.75.
quarterly:
The final balance is $506.45.
The total compound interest is $256.45.
bi-monthly:
The final balance is $508.79.
The total compound interest is $258.79.
monthly:
The final balance is $511.17.
The total compound interest is $261.17
bi-weekly:
The final balance is $512.48.
The total compound interest is $262.48.
weekly:
The final balance is $513.04.
The total compound interest is $263.04.
daily:
The final balance is $513.53.
The total compound interest is $263.53.
continuous:
The final balance is $513.61.
The total compound interest is $263.61.
Explanation:
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Your house is for sale for $210,000. A realtor will charge you a 3% sales commission. If you choose a "sale by owner" option bypassing a realtor, you will pay no commission, but you will have to pay an attorney an average of $950 at your closing. What will you save by choosing the "sale by owner" option?
Answer:
5350
Explanation:
If your house is for sale for $210,000. What you will save by choosing the "sale by owner" option is $5350.
What is Sales?Sales can be defined as the way of selling a product in exchange for cash.
Using this formula
Amount saved=(Selling price×Sales commission)- Closing price
Let plug in the formula
Amount saved=($210,000×3%)-$950
Amount saved=$6,300-$950
Amount saved=$5,350
Therefore If your house is for sale for $210,000. What you will save by choosing the "sale by owner" option is $5350.
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three types of entrepreneurial opportunities in soweto ?
There are three main types of entrepreneurial opportunities in Soweto, which include starting a small business, franchising, and offering services.
Firstly, starting a small business is a popular entrepreneurial opportunity in Soweto. Many people have identified a gap in the market and started businesses such as food stalls, grocery stores, and beauty salons. These businesses cater to the needs of the community and provide a source of income for the owner.
Secondly, franchising is another option for entrepreneurs in Soweto. Franchises such as fast-food chains and retail stores have been successful in the area due to the high demand for convenience and affordable products. Franchising allows entrepreneurs to invest in an already established brand with a proven business model.
Finally, offering services such as laundry services, car washes, and cleaning services are also popular entrepreneurial opportunities in Soweto. These services cater to the needs of busy individuals who do not have the time or resources to complete these tasks themselves.
In conclusion, starting a small business, franchising, and offering services are three main types of entrepreneurial opportunities in Soweto. These opportunities provide a source of income for individuals and contribute to the growth and development of the local economy.
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Under comparative principles, a plaintiff's contributory negligence Group of answer choices relieves a defendant from any liability for injury to the plaintiff. does not bar recovery. increases the amount of damages to be paid by a defendant. creates a case for only nominal recovery. leads to assumption of the risk.
Option A. Under comparative principles, a plaintiff's contributory negligence relieves a defendant from any liability for injury to the plaintiff.
What is the contributory negligence ?This is the term that is used to say that if the party is negligent for the injuries that they have suffered, they would not be able to get damages for the injuries they have.
This would relieve the defendant from any of the liability that they may have to pay.
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Roles of custom officials in a bonded warehouse
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MARK AS BRAINLIEST
Southfield Company reached an agreement with its bank to transfer a piece of land with a historical cost of $500,000 and a fair value of $1.2 million to the bank in full settlement of its outstanding loan principal plus accrued interest of $1.5 million. Prior to the transfer, Southfield should credit Multiple choice question. gain on disposal of land for $700,000 gain on disposal of land for $1 million gain on troubled debt restructuring for $1 million
Answer:
Southfield Company
Prior to the transfer, Southfield should credit
gain on disposal of land for $1 million.
Explanation:
a) Data and Calculations:
Historical cost of land = $500,000
Fair value of land = $1.2 million
Outstanding loan principal plus accrued interest = $1.5 million
There is a gain on disposal of $1 million ($1.5 million - $500,000)
b) With the transfer of resources in full settlement, the land account will be credited with $1.5 million while the Loan accounts are debited with $1.5 million.
This entry in the land account will give rise to a net credit balance of $1 million, which the gain on disposal, debited to the land account.
Therefore, the Gain on Disposal of Land will be credited with $1.5 million as a corresponding entry.
Sally has done well in her statistics class so far this term. Despite her good grades, Sally is worried that she will not do well on her upcoming test. So she studies extra hard. What best accounts for Sally's study pattern?
Answer: defensive pessimism
Explanation:
Defensive pessimism is a strategy that anxious people uses in order to help manage their anxiety which will in turn help them work productively.
Defensive pessimists try as much as possible to lower their expectations in order to help them prepare for the worst that may happen. This is the strategy used by Sally.
Carlisle Company has been cited and must invest in equipment to reduce stack emissions or face EPA fines of $17,500 per year. An emission reduction filter will cost $90,000 and will have an expected life of 5 years. Carlisle's MARR is 12%/year. Click here to access the TVM Factor Table Calculator Part a What is the present worth of this investment? \$
The present worth of the investment in the emission reduction filter is -$31,998.62.
To calculate the present worth, we need to determine the net present value (NPV) of the investment. The NPV is the sum of the present values of the cash inflows and outflows associated with the investment. In this case, the cash outflow is the cost of the emission reduction filter, which is $90,000, and the cash inflows are the avoided EPA fines, which amount to $17,500 per year for 5 years.
Using a financial calculator or a present value table with a discount rate of 12% per year, we can calculate the present value of each year's fine and sum them up to find the total present value. The result is -$31,998.62, indicating that the investment has a negative present worth.
In more detail, the calculation involves discounting each year's fine by the MARR (Minimum Acceptable Rate of Return) of 12% per year to bring it back to its present value. Since the cash inflows occur at the end of each year, we discount them accordingly. The negative present worth indicates that the investment is not financially viable since the present value of the costs exceeds the present value of the benefits. Carlisle Company would need to evaluate alternative options or consider additional factors to determine the best course of action.
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Review the statements below to determine the correct definition of a credit memorandum.
A. The bank notifies the depositor of each deduction to the account with a credit memorandum.
B. The bank notifies the depositor of each increase to the account with a credit memorandum.
C. Whenever the balance in the account becomes overdrawn, the bank issues a credit memorandum.
D. Whenever a check is drawn against the account, the bank issues a credit memorandum.
Answer:
Review the statements below to determine the correct definition of a credit memorandum.
A. The bank notifies the depositor of each deduction to the account with a credit memorandum.
xXxAnimexXx
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DUGON has 10% to buy equity Costing K96000. She can apply 9 Car S for a a loan from King bank to buy the car from Ela Motors. On a repayment of Loan, She pays 10% GST on the loan to the king bank calculate the amount of equity dugon has
Answer:To calculate the amount of equity Dugon has, we need to consider the loan amount and the loan repayment with GST.
Loan amount:
Dugon is applying for a loan from King Bank to buy a car from Ela Motors. The loan amount is not mentioned in the given information, so we cannot determine the exact loan amount.
Loan repayment with GST:
After receiving the loan from King Bank, Dugon needs to repay the loan amount along with 10% GST. Since the loan amount is unknown, we cannot calculate the exact repayment amount.
Given the information provided, we cannot determine the specific amount of equity Dugon has. We need additional details such as the loan amount or any other relevant information to calculate the equity accurately.
Explanation:
Question 4 (10 points)
The ABC Company executives decide that they will begin to produce more gidgets
than gadgets. They previously had been producing 500,000 gadgets per year and
only 300,000 gidgets. Yet they noticed that at the end of the year, there were still
100,000 gadgets left on the shelves and no gidgets.
a. In an answer of at least one paragraph, explain why the company would want to
produce more gidgets based on this market data.
b. In an answer of at least one paragraph, explain why the ABC Company's decision
involves a trade-off and identify what the trade-off is.
Answer:
A. In an answer of at least one paragraph, explain why the company would want to produce more gidgets based on this market data.
Explanation:
The company has 100000 gadgets left in the stock and no gidgets
Answer:
The company has 100000 gadgets left in the stock and no gidgets
Explanation:
The ABC Company executives decide that they will begin to produce more gidgets only 300,000 gidgets. Yet they noticed that at the end of the year, there were still
the main units of local government.
Answer:
There are four main types of local government- counties, municipalities (cities and town), special districts, and school districts. Counties are the largest units of local government, numbering about 8,000 nationwide. They provide many of the same services provided by cities.
Explanation:
Lilly, Briah, Chloe, and Terry are the directors and equal shareholders of Fantastic Holidayz Pty Ltd, a company that runs an exclusive airline company and operates in several high-rise office buildings in Melbourne. Briah is the Managing Director and Terry is the Chief Financial Officer. Lilly and Chloe are non-executive directors. The Company has adopted a written constitution which contains the following clauses: (36) A directors' meeting may be called by a director giving reasonable notice individually to every other director (37) Quorum for directors' meetings is four directors and the quorum must be always present during the meeting (42) A resolution of the majority of directors may resolve to remove another director of the company. Business is booming, and Fantastic Holidayz has made a great deal of money over the last few years. However, the Board of Directors have rejected Lilly's proposal to declare a dividend for the last 7 years in a row - and she is getting fed up. The other directors always outvote her, arguing that it is better to keep the profits in reserve and continue to expand the business. Terry is currently investigating the possibility of opening further destinations to their itinerary In October 2017 Lilly was overseas for a family funeral and on her return to Melbourne, she discovers that the other directors have met and passed resolutions to remove her as a director of the company. Lilly did not receive any notice of the director's meeting. In another resolution, the remaining directors voted to pay themselves $500,000 in bonuses - equating to the entire year's profit. Lilly is angry that she has been removed and not paid a bonus and comes to you for your professional advice and opinion. Further, Fantastic Holidayz has a longstanding agreement with several travel agencies, and in January 2018, Fantastic's financial accounts showed that one agency owed the company $85,000, and there was no applicable security Recently, Lilly discovered that by June 2018 the debt owing to Fantastic Holidayz had blown out to $200,000. Terry had approved additional credit without the knowledge of the other directors. He did this, even though the agency had been taking a long time to pay its overdue account. Additionally, there are now rumours that are insolvent, but this cannot be proven. REQUIRED: 1. Discuss whether Lilly can bring any action to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses? (5 marks) 2. Advise Lilly about the process and potential outcomes if the travel agency is placed into voluntary administration - and any implications of this on Fantastic Holidayz. (5 marks) 3. Advise Lilly about whether Terry has breached any of his statutory duties as a director of Fantastic Holidayz. Include in your answer the consequences of a breach of duty, whether Lilly could bring an action for compensation on behalf of the company against Terry, and whether there are any defences available.
It is important for Lilly to consult with a legal professional to assess the specific circumstances and determine the most appropriate course of action. Legal advice tailored to the jurisdiction and applicable laws should be sought.
1. Lilly's Challenge to Dividend Denial and Bonus Payment:
Lilly may have grounds to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses. The key considerations are as follows:
a) Breach of Fiduciary Duty: Directors owe a fiduciary duty to act in the best interests of the company. By consistently rejecting dividends despite profitable operations, the directors may be breaching this duty if their decision is not justifiable and reasonable. The decision to pay themselves bonuses without Lilly's approval further strengthens her case.
b) Unfair Prejudice: Lilly may argue that the denial of dividends and payment of bonuses unfairly prejudice her interests as an equal shareholder and director. This argument can be supported by the fact that dividends have been consistently denied for several years, and the bonuses were paid without her knowledge or consent.
c) Oppression of Minority Shareholder: If the other directors' actions substantially interfere with Lilly's rights as a shareholder and director, it could constitute oppression of a minority shareholder. Denying dividends and paying bonuses in a manner that excludes Lilly's interests may be viewed as oppressive.
Lilly can potentially bring legal action seeking remedies such as an injunction to stop the bonuses, an order for dividends to be paid, or a buyout of her shares at a fair value.
2. Travel Agency in Voluntary Administration:
If the travel agency owing $200,000 to Fantastic Holidayz is placed into voluntary administration, the process and potential outcomes can be summarized as follows:
a) Voluntary Administration: Voluntary administration is a process where an external administrator (usually a registered liquidator) takes control of the insolvent company to maximize returns for creditors. The administrator assesses the company's financial position and explores options, such as restructuring or selling the business.
b) Outcomes and Implications: During voluntary administration, the administrator may propose a Deed of Company Arrangement (DOCA) to the creditors. If approved, it could allow the travel agency to continue operating and repay the debt over an agreed period. Alternatively, if the company's financial situation is deemed irreparable, the administrator may recommend liquidation.
For Fantastic Holidayz, the outcome depends on the recovery of the debt. If the travel agency is unable to repay the owed amount, Fantastic Holidayz may have to write off the debt as a loss, potentially impacting their financial position. The impact could be significant if the debt is material to the company's operations.
3. Terry's Breach of Director's Duties:
Terry, as the Chief Financial Officer and a director of Fantastic Holidayz, may have breached his statutory duties. The key considerations are as follows:
a) Duty of Care and Diligence: Directors must exercise reasonable care, skill, and diligence in fulfilling their roles. Terry's approval of additional credit without the knowledge of other directors could be seen as a failure to exercise due care and diligence. The consequences of a breach may include personal liability for any loss suffered by the company.
b) Duty to Act in Good Faith and for Proper Purpose: Directors must act in good faith and in the best interests of the company. By approving additional credit for a customer with an outstanding overdue account, despite potential insolvency concerns, Terry may have breached this duty.
c) Consequences and Action for Compensation: If Terry is found to have breached his statutory duties, consequences may include personal liability for any loss suffered by the company due to his actions. Lilly, as a shareholder, may have standing to bring a derivative action on behalf of the company to seek compensation from Terry for any losses incurred.
d) Defenses: Terry may raise defenses such as relying on professional advice, acting in good faith, or having the belief that his actions were in the company's best interests. However, these defenses may not absolve him entirely from liability if his actions are found to be unreasonable or against the company's interests.
To know more about Fiduciary Duty, refer to the link below:
https://brainly.com/question/31148084#
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Answer:
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Explanation:
Question 1 of 10
An investment that you bought for
profit
and sold for
made a
500;600
500;400
600;400
600;500
Answer:
500;600
an investment