Answer:
Descriptive analytics.
Explanation:
Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.
The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.
Generally, the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.
Descriptive analytics can be defined as a branch of statistical analysis which typically involves the gathering of data for effective use.
In this scenario, Target is examining their online sales data during the pandemic to understand what happened.
Hence, the kind of analytical technique they are using is descriptive analytics.
A type of influence a company cannot control is considered to be an _______ influence.
A. competitive
B. internal
C. external
D. annoying
Answer:
C. external
Explanation:
External influence is caused by factors that are beyond the control of a business. The external influences are not specific to a particular company but affect the entire industry or economy. Although a company has no control over external influences, it must understand that they (influences) have a great impact on business performance.
External influences may include political changes, legislation changes, economic conditions, government policies, technological advancements, and environmental changes.
Output Total Cost 0 $24 1 33 2 41 3 48 4 54 5 61 6 69 Refer to the above data. The average fixed cost of producing 3 units of output is: Hint: Look at the fixed cost of producing 0 units of output
Answer:
$8
Explanation:
Fixed cost is the cost that does not vary with output. It is the cost incurred even if output it zero - if no unit of output is produced.
fixed cost = average fixed cost x output
The fixed cost is $24. this is the cost incurred when output is zero
Average fixed cost = $24/3 = $8
Identify a popular online magazine that also has an offline subscription or newsstand edition. What advantages (and disadvantages) does the online edition have when compared to the offline physical edition
Explanation:
One example of a popular magazine is the New York Times magazine which has an offline subscription and a newsstand edition.
Advantages of online edition:
broader audience reach: this means that the magazine could be accessed on a global scale since it could be easily downloaded online from anywhere in the world.lower printing/distribution cost: rather than spending more money printing physical copies of the magazine, the publishers simply place or send digital copies online for download by their subscribers.Disadvantages of online edition:
increased risk of copyright infringement (plagiarism): since copies are made in digital format, it is easier for others to reproduce copies of the magazine without the express permission of the publishers.Tarazzz Company manufactures computers. The following cost information for the manufacture of one computer has been compiled. Direct materials $48 Direct labor 64 Variable manufacturing overhead 40 *Fixed manufacturing overhead 48 Total cost per unit $200 *The $48 amount reflects the amount of indirect cost allocated to each unit. However, as indicated, the total of these indirect costs is fixed. Tarazzz has received a special order for 1,000 computers at a price of $150 per unit. By how much will overall company net income change if the order is accepted
Answer:
Company net income will DECREASE by $2,000 if the order is accepted.
Explanation:
Company net income will DECREASE by $2,000 if the order is accepted.
Additional order will produce additional sales revenue of $150 per unit
The marginal cost for this order = Variable costs (Direct material + Direct labour + variable cost) =$152 per unit
Since the marginal cost ($152) is more than the revenue ($150)per unit, there will be a loss of $2 per unit.
So the net income of the company will DECREASE by $2000 ($2x 1000)
Sheridan Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales of security controls during May 2020 are provided below.
Unit selling price of security control $45
Unit variable costs $22
Total monthly fixed costs $120,000
Units sold 8,000
Required:
Prepare a CVP income statement for Cedar Grove Industries for the month of May. Provide per unit values and total values.
Answer and Explanation:
The preparation of the CVP income statement for Cedar Grove Industries for the month of May is presented below;
Particulars Units Amount
net sales $45 $360,000 (8,000 units × $45)
Less:
Variable expense $22 -$176,000 (8,000 units × $22)
Contribution margin $23 $184,000
Less:
Fixed cost -$120,000
Net income $64,000
Which of the following is a violation of a property managers fiduciary obligations to an owner? a) disclosing information about a property physical defects b) providing booklets about lead based paint to tenants c) hesitating to verify a tenants income d) accepting a signed lease on the owners behalf
Answer:
The answer is "Option c".
Explanation:
The hesitation to verify the earnings of its tenant is a violation of the owner's fiduciary duties of a management company. The contractual responsibility would be to behave throughout the national interest of somebody else. In broad terms, a reliable obligation is a fidelity duty as well as a correctional duty. It implies that perhaps the trustee should only behave throughout the national interest of the customer or beneficiaries.
One of the advantages of owning a small business is: Group of answer choices interest-free loans all of the above flexibility guaranteed profit no taxes g
Answer:
flexibility
Explanation:
A small business can be described as a privately owned corporation, partnership, or sole proprietorship. Its staff, profits and scale of operation is smaller than that of larger sized corporations.
Due to the fact that small businesses are less monitored and less bureaucratic, they tend to be more flexible and they quickly adjust to trends in the economy
How does a business survive and maintain a profit?
Answer:
Make sure you don't copy and paste. Have a good day!!!
Explanation:
1. Customers
Find and keep your own customers – you have to be able to solve their real problems & sell yourself effectively.
Too many businesses rely on ‘being in the supply chain’, have too few major customers and do not invest personal time and effort in developing and maintaining customer relations – remember, ‘people buy people’.
Check their credit rating and monitor their speed of payment.
You have not made a sale until they’ve paid the bill. Some customers have bad habits over slow payment; some are big enough to know better. Some will go under before they pay – avoid them.
2. Risks
Assess risks & their potential impact – e.g. customer or supplier closure
Develop contingency plans to mitigate risks
We live in a risky business environment. Don’t assume everything will be OK – look at the potential risks, pitfalls and liabilities for your business and at how you can reduce the biggest risks or anticipate how you will respond if the worst happens.
3. Opportunities
Look for ways to create new value – e.g. new pricing, products & offers to stimulate demand
It often takes longer and costs more than you think to innovate or do anything new.
Use the technology – social media, tablet computing and smartphones are constantly changing the ways we can do business
There are always new opportunities and growing confidence in the economy accelerates these. Many of the most attractive are not in the UK but are international.
Innovation and new approaches can open up promising opportunities but experience tells us that when doing anything new often costs more and takes longer to implement than you first expect, so be prepared to increase your investment of time and money for those new ideas. That means doing your research to find out just how attractive an opportunity it is in the first place.
4. Money in – manage cash and break even
Forecast and monitor your cash flow very closely
Aim to maintain/increase profit margins rather than just increasing sales turnover (bottom line not top line)
Monitor breakeven on the business, customers, products, staff.
Beware of ‘buying’ work at cut-throat margins. Profitable businesses can fail because they run out of money, often suffering from slow payment and lack of credit. Aim to be cash-positive and you will sleep better at night. Break-even is the point at which the business, a person or a contract starts making a profit and is always an important measure.
5. Money out – manage costs and debt
Keep your fixed costs down: avoid costs which are not essential.
Aim to grow sales on a variable cost basis – borrow, rent or lease assets but don’t buy things or hire people you don’t need.
Keep in contact with creditors & lenders to avoid nasty surprises.
Businesses can be wasteful; you don’t need to be. Invest your money only in assets and projects which will provide a strong return. The worst time to ask a lender for more money is when you really need it. Up to date management accounts are essential and you must read them to monitor the health of the business.
6. People
Optimism – positive, realistic leadership with open communications
Set & monitor clear & realistic targets – sales, costs, project completion, debt etc.
Move unproductive people & customers out of the business.
At the end of the day it’s all about how you manage relationships with people. You can tell a lot about a business from the quality of interactions between its managers, employees, customers and suppliers.
Answer:
Explanation:
No business can survive for a significant amount of time without making a profit, though measuring a company's profitability, both current and future. Without sufficient capital or the financial resources used to sustain and run a company, business failure is imminent.
Wiley Company purchased new equipment for $60,000. Wiley paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $1,000; sales tax paid $3,000; and installation cost, $2,500. The cost recorded for the equipment was: $61,000. $66,500. $64,000. $60,000.
Answer:
b. $66,500
Explanation:
Particulars Amount
Purchase cost $60,000
Transportation cost $1,000
Sales tax paid $3,000
Installation cost $2,500
Total cost $66,500
So, the cost recorded for the equipment will be $66,500
Sandhill Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales of security controls during May 2020 are provided below. Unit selling price of security control $45 Unit variable costs $22 Total monthly fixed costs $124,000 Units sold 8,400 Prepare a CVP income statement for Sandhill Industries for the month of May. Provide per unit values and total values.
Answer and Explanation:
The presentation of the CVP income statement for Cedar Grove Industries for the month of May is shown below;
Particulars Units Amount
Net sales $45 $378,000 (8,400 units × $45)
Less:
Variable expense $22 -$184,800 (8,400 units × $22)
Contribution margin $23 $193,200
Less:
Fixed cost -$124,000
Net income $69,200
What types of firms lend to businesses needing capital or long-term funds?
A) Insurance companies
B) Pension and trust services
C) Commercial finance companies
D) Pension funds
Answer:
c
Explanation:
There are some Companies that lend money and treat loans. The type of firms lend to businesses needing capital or long-term funds is Commercial finance companies.
A financial institution (FI) is known to be a type of company that is involved in the business dealings where financial and monetary transactions such as deposits, loans, investments are made.Commercial finance company is simply known to be a type of finance institution where loans are made available to manufacturers and wholesalers.
Conclusively, this Commercial finance company gives loans that can be paid back in a longer run to people who want to start up business.
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Sophie Company is considering closing one of its product lines. Current data on the product line are as follows. Sales revenue $25,000 Variable costs 19,000 Direct avoidable fixed costs* 7,000 Indirect allocated fixed costs** 5,000 Net Income (Loss) on the product line ($6,000) *The direct avoidable fixed costs will be eliminated if the product line is closed. **The indirect allocated fixed costs will remain the same whether the product line is continued or closed. IN ADDITION, if Sophie closes the product line, Sophie can sublease its production facility to another company and earn sublease revenue of $1,500 per year. Assume that Sophie decides to discontinue this product line. By how much will overall company net income change
Answer:
Company's net income will increase by $2500 if the product line is discontinued.
Explanation:
From the data given:
Sales 25000
variable cost (less) 19000
contribution margin 6000
Fixed costs
directed fixed costs 7000
allocated fixed costs 5000
net income -6000
Fixed cost savings 7000
rental revenue 1500
total savings if discontinued 8500
contribution margin (less) 6000
net income increased by 2500
Ides receives 16 cents for every unit produced. Ides produces 2,976 pieces in a 43-hour workweek. For overtime, Ides is paid a sum equal to one-half the regular hourly pay rate multiplied by the number of overtime hours. Ides' total piecework and overtime earnings are_________ $
Answer:
$492.78
Explanation:
Calculation for What The Ides' total piecework and overtime earnings are
Ides' total piecework and overtime earnings=[(2,976 × $0.16 ÷43*(0.5)]*3+[(2,976 × $0.16 )]
Ides' total piecework and overtime earnings= [($476.16 ÷ 43)*0.5]*3+[(2,976 × $0.16 )]
Ides' total piecework and overtime earning = ($11.07 × 0.5 )*3+[(2,976 × $0.16 )]
Ides' total piecework and overtime earnings= ($5.54 × 3)+$476.16
Ides' total piecework and overtime earnings = $16.62 + $476.16
Ides' total piecework and overtime earnings=$492.78
Therefore the Ides' total piecework and overtime earnings are $492.78
You are adding a new client subscription through Quickbooks Online Accountant.
Which billing option would you choose if you wanted Intuit to bill your client?
A) Wholesale billing
B) Direct Billing
C) Direct Discount
D) Wholesale Discount
(if possible please explain why I genuinely cant understand which it is)
Answer :
C
Explanation:
Direct discount is if your billing client directly
Wholesale discount is if your billing the firm directly
The billing option I would choose if I wanted Intuit to bill my client is Direct Discount. Thus option (C) is correct.
What is Direct Discount ?Direct discount refers to a reduction in the price of a product or service that is applied at the time of purchase. It is also known as a straight discount or a fixed discount.
Direct discounts are often used by retailers to attract customers and increase sales. They can also be used to clear out old inventory or to reward loyal customers.
The Direct Discount is the billing option I would choose if I wanted Intuit to bill my client.
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A young engineer decides to save $240 per year toward retirement in 40 years. If he invests this sum at the end of every year at 9%, then how much will be accumulated by retirement time
Answer:
Future value of annuity = $81,091.80 (Approx)
Explanation:
Given:
Amount deposit per year A = $240
Number of year n = 40
Rate r = 9% = 0.09
Find:
Future value of annuity
Computation:
[tex]Future\ value\ of\ annuity\ = \frac{A[(1+r)^n-1]}{r}\\\\Future\ value\ of\ annuity\ = \frac{240[(1+0.09)^{40}-1]}{0.09}\\\\Future\ value\ of\ annuity\ = 81,091.798\\\\[/tex]
Future value of annuity = $81,091.80 (Approx)
Describe three factors that impact cost or revenue within your organization. How might these variables impact your DPI Project deliverables systematic review
Incomplete question. I provided three factors that can impact cost or revenue within an organization.
Explanation:
1. Production capacity: Theoretically, the greater the production capacity, the higher the opportunity for added revenue since more of the goods or services can be rendered.
2. The market segment: A good market segment can result in profitability for the business.
3. Type of labor employed: Many modern-day industrialists believe that organizations that switch to an automated labor force can achieve lower operational cost; thereby leading to more revenue.
If the market rate of interest is 7%, the proceeds of 6% bonds paying interest semiannually with a face value of $300,000 will be a.equal to $300,000. b.less than $300,000. c.greater than or less than $300,000, depending on the maturity date of the bonds. d.greater than $300,000.
Answer:
b. less than $300,000
Explanation:
Based on the information given since the proceeds of 6% bonds is lower than 7% market rate of interest which means that it will lead to a discount reason been that discount will often occur in a situation where the cost of bonds
is lower than the bonds face value which simply indicate that the value of the bonds will be lower than the face value of the amount of $300,000.
A taxpayer who claims a bad debt in the year the debt becomes worthless has how lomg to file an amended return
Answer: You must deduct a bad debt in the year it becomes worthless. If you realize you could have reported and taken a deduction for an unpaid debt years ago but didn't, you generally have only three years to amend your return in order to claim it on your tax return.
HOPE THIS HELPS
Read the following scenario and determine if the situation requires a direct or indirect message.You have just been offered a promotion that your friend and coworker, Sharon, has been hoping for. Sharon knows that you had a scheduled meeting with your boss today and sends you an e-mail asking how your meeting went. You know Sharon will be upset when she hears the news of your promotion; however, she is a good friend, and you need to be honest and tell her in your response e-mail.
Answer: Indirect message
Explanation:
The indirect message should be used in this case. We should note that this is typically used when one wants to pass a bad or sensitive news across to someone. In an indirect strategy, we should note that the main reason for the communication is usually after an explanation had been done first.
Therefore, in this case the indirect message should be used in communicating with Sarah. The message may hurt Sarah therefore it should be communicated in an indirect manner.
One of the toughest problems in investigating systems requirements is ensuring that they are complete and comprehensive. Imagine that you are a systems analyst. Decide the primary way in which you would ensure that you secure the necessary information during an interview session with a client. Devise a plan for accommodating conflicting responses for the same procedure from two different people you interviewe
Answer:
A) One of the most professional ways of acquiring information from a client during an interview is to approach the exercise in a semi-structured manner.
B) In order to accommodate conflicting responses from the same procedure from two different people, it is important to seek to understand what their interests are.
Explanation:
A) Semi-structured questions allow flexibility. Though the business analyst comes to the table with a set of pre-determined questions, they must be prepared to go outside of that list in order to get to the root of the problem which the clients needs to solve.
Another job of the analyst is to see beyond the immediate needs of the client and communicate to them, based on the information they provided any other problem that needs to be catered to.
Recording all information provided by the respondent is mission-critical.
B) Clarity of interests helps the analyst to determine what approach is best for accomodating both responses.
Cheers
First to answer get brainliest
Answer:
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Explanation:
Answer:
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Explanation:
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briefly explain what you consider an entrepreneur to be and describe the three most important attributes you need to develop to become an entrepreneur. Give reasons for your choices.
Answer:
An entrepreneur is a person who finds an economic opportunity in the market, and exploits it for his own benefit and the benefit of his employees and constomers by setting up a firm.
Explanation:
Three characteristic of an entrepreneur:
Opportunity seeking: entrepreneurs "scan" the market, seeking for market niches that have not been exploited.
Work-ethic: entrepreneurship is a difficult task, especially during the first years of the company. It demands very long work hours, and the entrepreneur must be willing to do that in order to be successful.
Risk-taking: entrepreneurs should evaluate risk when taking decisions, but they should not be the most risk-averse indidivuals. They have to take risks in certain situations because otherwise, they would not be able to become entrepreneurs at all.
What should you do during the second step of the decision-making process?
Gather internal and external information that is pertinent to your decision.
Crunch the numbers.
Compile the results of your company-wide survey.
Create a visual representation of your competitors’ business decisions.
Answer:
Gather relevant information
Explanation:
sooo i think it is Gather internal and external information that is pertinent to your decision.
An expansionary monetary policy lowers the real interest rate,
causing the domestic currency to thereby net
exports.
Select one:
a.
depreciate; raising
b.
depreciate; lowering
c.
appreciate; raising
d.
appreciate; lowering
= depreciate; raising
An expansionary monetary policy lowers the real interest rate, causing the domestic currency to appreciate; net exports will result in a depreciating currency. Hence, Option A is correct.
What is an expansionary monetary policy?It is a type of macroeconomic monetary policy that aims to increase the rate of monetary expansion. Use of this policy is done to stimulate the growth of the domestic economy.
The operation of the expansionary monetary policy is by either expanding the money supply faster than usual or lowering short-term interest rates. This whole policy is enacted by central banks and comes about through open market operations.
Therefore, Option A is correct.
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Amy is a stay-at-home parent who lives in Dallas and does some consulting work for extra cash. At a wage of $50 per hour, she is willing to work 7 hours per week. At $65 per hour, she is willing to work 10 hours per week.
Required:
Calculate the price elasticity of supply.
Derek has the opportunity to buy a money machine today. The money machine will pay Derek $37,630.00 exactly 14.00 years from today. Assuming that Derek believes the appropriate discount rate is 14.00%, how much is he willing to pay for this money machine
Answer:
$6,010
Explanation:
The money that Derek will be willing to pay should equal the future cash flows in todays money, this is known as the Present Value(PV).
FV = $37,630.00
PMT = $0
N = 14
I = 14.00 %
P/YR = 1
PV = ?
Using a Financial calculator the PV is $6,010
Therefore,
Derek will be willing to pay $6,010 for this money machine
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31:
Sales $ 1,350,000
Selling price per pair of skis $ 450
Variable selling expense per pair of skis $ 46
Variable administrative expense per pair of skis $ 19
Total fixed selling expense $ 140,000
Total fixed administrative expense $ 115,000
Beginning merchandise inventory $ 75,000
Ending merchandise inventory $ 120,000
Merchandise purchases $ 315,000
1. Prepare a traditional income statement for the quarter ended March 31.
2. Prepare a contribution format income statement for the quarter ended March 31.
3. What was the contribution margin per unit?
(1) The traditional format income statement for Alpine House, Inc for the quarter ended March 31 is shown below:ParticularsAmount ($)Sales1,350,000Less: Cost of Goods Sold:Beginning merchandise inventory 75,000 Add: Merchandise purchases 315,000 Goods available for sale390,000Less: Ending merchandise inventory 120,000 Cost of goods sold270,000Gross Profit1,080,000Less:
Operating Expenses:Variable selling expense46* units soldVariable administrative expense19* units soldTotal Variable Expenses65 Fixed Selling Expenses 140,000Fixed Administrative Expenses115,000Total Operating Expenses255,000Net Operating Income 825,000*Calculation of variable expenses:Variable selling expense per unit= $46Variable administrative expense per unit= $19Total variable expense per unit= $65($46 + $19)
(2) The contribution format income statement for the quarter ended March 31 is shown below:ParticularsAmount ($)Sales1,350,000Less: Variable Expenses:Variable selling expense (46*3,000 units)138,000Variable administrative expense (19*3,000 units)57,000
Total Variable Expenses195,000Contribution Margin1,155,000Less: Fixed Expenses: Fixed selling expenses140,000 Fixed administrative expenses115,000Total Fixed Expenses 255,000Net Operating Income900,000*Calculation of units sold: 3,000 units were sold (Sales/ Selling price per pair of skis = 1,350,000/450 = 3,000 units)
(3) The contribution margin per unit is $195. ($450 - $255) = $195.Contribution margin per unit is calculated as follows:Contribution margin per unit = Selling price per unit - Total variable expenses per unitSelling price per unit = $450Variable expenses per unit = $65 ($46 + $19)Contribution margin per unit = $450 - $65 = $385
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1. What three things can be called an image receptor?
To compare the different inventory valuation methods, consider the following fictional company preparing a semi-annual balance sheet. Each month 100 units of a raw material is purchased, but the price goes up each period. At the end of six months, the company takes a physical count and sees that 300 units are left and 300 units have been consumed.
Units Cost per Unit Cost
January 100 $10 $1,000
February 100 $11 $1,100
March 100 $12 $1,200
April 100 $13 $1,300
May 100 $14 $1,400
June 100 $15 $1,500
In total, 600 units have been purchased at an average price of___________ for a total cost of_________.
Answer:
In total, 600 units have been purchased at an average price of $12.50 for a total cost of $7,500.
Explanation:
total cost of the 600 units = $1,000 + $1,100 + $1,200 + $1,300 + $1,400 + $1,500 = $7,500
average price per chair = $7,500 / 600 = $12.50
this inventory valuation method is called the weighted average method, and it assigns the same cost regardless of when the units were purchased.
Hedex, Co. has the following information in its sales budget: Budgeted unit sales: April 50,000 May 52,000 June 53,500 July 55,000 The budgeted sales price is $60 per unit. Assume that all sales are on credit and are expected to be collected 10% in the month of sale and 90% in the month following sale. Calculate the total amount of budgeted cash collections from customers in June.
Answer:
Total cash collection= $633,000
Explanation:
Giving the following information:
Budgeted unit sales:
May 52,000
June 53,500
Assume that all sales are on credit and are expected to be collected 10% in the month of sale and 90% in the month following sale.
Cash collection June:
Sales on account June= (53,500*60)*0.1= $321,000
Sales on account from May= (52,000*60)*0.1= $312,000
Total cash collection= $633,000
