Holmes Corporation has filed a voluntary petition with the bankruptcy court in hopes of reorganizing. A statement of financial affairs has been prepared for the company showing these debts:
Liabilities with priority: Salaries payable $ 30,000
Fully secured creditors: Notes payable (secured by land and buildings valued at $96,000) 126,000
Partially secured creditors: Notes payable (secured by inventory valued at $42,000) 152,000
Unsecured creditors: Notes payable 62,000
Accounts payable 22,000
Accrued expenses 3,000
Holmes has 15,000 shares of common stock outstanding with a par value of $5 per share. In addition, it is currently reporting a deficit balance of $128,000.
Company officials have proposed the following reorganization plan:
• The company’s assets have a total book value of $342,000, an amount considered to be equal to fair value. The reorganization value of the assets as a whole, though, is set at $350,000.
• Employees will receive a 1-year note in lieu of all salaries owed. Interest will be 10 percent, a normal rate for this type of liability.
• The fully secured note will have all future interest dropped from a 15 percent rate, which is now unrealistic, to a 10 percent rate.
• The partially secured note payable will be satisfied by signing a new 6-year $42,000 note paying 10 percent annual interest. In addition, this creditor will receive 8,000 new shares of Holmes’s common stock.
• An outside investor has been enlisted to buy 9,000 new shares of common stock at $6 per share.
• The unsecured creditors will be offered 30 cents on the dollar to settle the remaining liabilities.
If this plan of reorganization is accepted and becomes effective, what journal entries would Holmes Corporation record? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.)
Answers
The journal entries for Holmes Corporation's reorganization plan would be: adjustment for salaries payable, partially secured note payable, purchase of common stock and unsecured creditors.
To record the journal entries for Holmes Corporation's reorganization plan, follow these steps:
1. Record the liability adjustment for salaries payable:
Dr. Salaries Payable 30,000
Cr. Notes Payable (1-year, 10% interest) 30,000
2. Record the adjustment for the fully secured note's interest rate:
No journal entry required
3. Record the adjustment for the partially secured note payable:
Dr. Notes Payable (partially secured) 152,000
Cr. Notes Payable (6-year, 10% interest) 42,000
Cr. Common Stock (8,000 shares) 40,000
Cr. Paid-in Capital in Excess of Par 70,000
4. Record the outside investor's purchase of common stock:
Dr. Cash 54,000
Cr. Common Stock (9,000 shares) 45,000
Cr. Paid-in Capital in Excess of Par 9,000
5. Record the settlement with unsecured creditors:
Dr. Notes Payable 62,000
Dr. Accounts Payable 22,000
Dr. Accrued Expenses 3,000
Cr. Cash \((62,000 \times 0.3) + (22,000 \times 0.3) + (3,000 \times 0.3)\)
Cr. Gain on Settlement of Debt Remaining balance after cash credit
By following these steps, you will have recorded the journal entries for Holmes Corporation's reorganization plan.
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Related Questions
Why do some auto insurance customers want medical coverage for their
policies?
A. To help find the best hospital to care for people they injured in a
car accident
B. To keep from having to make a co-pay in case of a minor injury
after an accident
C. To avoid having to pay for hospital bills resulting from an accident
they cause
D. To prevent uninsured motorists from suing them for injuries they
cause
Answers
9514 1404 393
Answer:
C. To avoid having to pay for hospital bills resulting from an accident they cause
Explanation:
The purpose of any sort of insurance is to limit or eliminate the policy-holder's liability. Medical insurance in an auto policy pays for medical bills the policy-holder might otherwise be liable for as a consequence of an auto accident.
What can be used to customize how the data is tracked in the conversions column?
Answers
Custom conversions can be used to customize how the data is tracked in the conversions column.
Using custom conversions can be an effective way to better track and analyze data. With custom conversions, you can customize the data that is tracked in the conversions column.
This allows you to tailor the data to suit your specific needs and provides you with a more in-depth understanding of how your marketing campaigns are performing. By setting up custom conversions, you can gain a deeper understanding of which of your campaigns are the most effective, and use this information to optimize your strategies and maximize the return on investment.
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Why does contractionary monetary policy increase interest rates?
Answers
In a contractionary policy, the money supply is restricted by raising central bank interest rates.
All the money and other liquid assets present in an economy on the measurement date are referred to as the money supply. The money supply roughly consists of deposits that can be utilized virtually as easily as cash in addition to actual currency.
Governments issue coin and paper money through a mix of national treasuries and central banks. By dictating to banks what reserves they must maintain, how to offer credit, and other financial issues, bank regulators have an impact on the amount of money that is available to the general people.
By regulating interest rates and altering the amount of money flowing through the economy, economists study the money supply and create policies based on it. Because the money supply may have an impact on price levels and inflation, both the public and private sectors conduct analyses.
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What is the process of brainstorming before you begin writing the business messages?
Answers
Brainstorming is an essential part of the writing process for any business message. It is a creative process that helps you generate ideas and develop solutions to problems.
Brainstorming can help you identify and explore new ideas, generate potential solutions, and create a plan of action. The first step of the brainstorming process is to determine the purpose of the business message. This will help you to focus your brainstorming and determine the type of information you need to include. Once you have a clear purpose in mind, you can begin to brainstorm ideas and topics related to the message.
Once you have identified potential topics and ideas, it is important to evaluate them to determine which ones are most relevant and effective. During this step, you can analyze the potential topics and ideas, as well as consider any potential risks or benefits associated with each.
The next step in the brainstorming process is to develop a plan for the message. This should include the order in which the ideas and topics should be presented, as well as any additional information or resources you may need. This plan will help you organize your thoughts and ensure that your message is clear and effective.
Finally, you should review your plan and revise it as necessary. This will ensure that the message is comprehensive and that all the necessary points are included. Once you are satisfied with the plan, you can begin writing the business message.
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what amount should swifty report as inventories in its balance sheet?
Answers
The specific amount that Swifty should report as inventories in its balance sheet would depend on the valuation method used and the current value of its inventory.
In accordance with generally accepted accounting principles (GAAP), Swifty should report inventories on its balance sheet at the lower of cost or net realizable value. Cost refers to the historical cost incurred to acquire or produce the inventory, including direct costs such as purchase price, production costs, and transportation expenses. Net realizable value, on the other hand, represents the estimated selling price of the inventory minus any estimated costs necessary to make the sale.
To determine the specific amount to report as inventories, Swifty would need to assess the current value of its inventory using either the cost method (such as FIFO or weighted average) or the net realizable value method, depending on the nature of its inventory. The chosen valuation method should be consistently applied across reporting periods.
It is important for Swifty to accurately assess and report the value of its inventories on the balance sheet to provide stakeholders with relevant and reliable information about the company's assets and financial position. This ensures transparency and assists in making informed business decisions.
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Who carries the animal from the farm to the market or packer?
A. Producer
B. Proccessor
C. Transporter
D. Consumer
Answers
Answer:
was it a passage u had to read?
Explanation:
Answer:
Transporter
Explanation:
You are transferring the animal to the market from the farm.
convert the following temperature to Celsius scale (a) 450 k, (b) 273 k, (c) 73 k.
Answers
Answer: See explanation
Explanation:
To convert to Celcius scale from Kelvin, the formula to use is:
Temperature in Celcius = Temperature in Kelvin - 273
a. 450k
Temperature in Celcius = Temperature in Kelvin - 273
= 450 - 273
= 177°Celcius
(b) 273 k
Temperature in Celcius = Temperature in Kelvin - 273
= 273 - 273
= 0°C
(c) 73 k
Temperature in Celcius = Temperature in Kelvin - 273
= 73 - 273
= -200°C
How do I do this????? PLEASE HELP!
Answers
Answer:
Its very simple just read the question i already found the answer.
Explanation:
with examples, differentiate between direct and indirect tax
Answers
Answer:
Direct taxes are non-transferable taxes paid by the tax payer to the government and indirect taxes are transferable taxes where the liability to pay can be shifted to others. Income Tax is a direct tax while Value Added Tax (VAT) is an indirect tax.
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Every T account has two sides, credit and credit side.
True
False
Answers
Answer:
False
Explanation:
The two sides are DEBIT and credit.
A country usually imposes an embargo on another country for economic reasons rather than political reasons.
True or False
Answers
Answer:
True
Explanation:
Hopefully this helps.
Answer:
False
Explanation:
Took test
What is Anderson hoping to do as a next step and why
Answers
Answer:
To make the game into an app
Explanation:
Interestingly, William Anderson was passionate about what he was doing; this passion led Anderson to think about making his Wealth Effect Game an app.
Why? Because he realized that most people lacked basic financial skills and his goal was to to make an app that would allow teachers throughout the country teach their students financial literacy effectively.
a monopolistically competitive firm maximizes profit in the short run by producing where group of answer choices price is greater than marginal cost. price is less than marginal revenue. price is less than average revenue. price is less than marginal cost.
Answers
A monopolistically competitive company optimises profits or minimises losses in the short run by producing the amount where marginal revenue equals marginal cost. The company will make an economic profit if the average total cost is lower than the market price.
How do monopolistic businesses generate profits over the short and long terms?
To maximise profits or reduce losses, a company in monopolistic competition produces the quantity at the point when marginal revenue equals marginal cost. The company will turn a profit if the equivalent.
The output level that guarantees the marginal cost (MC) matches the marginal revenue (MR) connected to the demand curve results in the most lucrative pricing for the monopoly.
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Which is least likely to be an advantage of secondary data? group of answer choices time realism cost fit
Answers
The least likely advantage of secondary data among the options provided is "cost fit."
Secondary data refers to information that is collected by someone else for a different purpose but can be used for research or analysis. It offers several advantages, such as time realism, cost, and fit. Time realism is a key advantage of secondary data because it allows researchers to access information from past periods without having to wait for new data to be collected. This can be particularly useful when studying long-term trends or historical patterns. Another advantage is fit, which refers to the relevance and applicability of the secondary data to the research question or problem at hand. When secondary data aligns well with the research objectives, it can save time and resources by providing readily available information.
However, the least likely advantage among the options provided is "cost fit." While cost can be a potential advantage of secondary data, as it is often cheaper to obtain compared to primary data collection, the concept of "cost fit" is not commonly associated with secondary data. The term "cost fit" suggests that secondary data is particularly suitable or aligned with the cost requirements of a specific research project. However, the cost of secondary data can vary depending on factors such as data quality, accessibility, and licensing fees. Therefore, while cost can be a consideration when using secondary data, it is not a distinct advantage related to its fit for a specific project.
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The least likely advantage of secondary data is time realism. Secondary data refers to information that has been previously collected by someone else for a different purpose. It can include sources like books, articles, or databases.
While secondary data has several advantages, such as cost-effectiveness and the ability to fit a wide range of research needs, it is not inherently time realistic. Secondary data may have been collected at a different time, which could limit its relevance to the current research question.
For example, if you're studying current consumer trends, secondary data collected five years ago may not accurately reflect the current market. Therefore, time realism is the least likely advantage of secondary data.
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the ratio at which a country can trade its exports for imports from other countries is called a trade barrier. the terms of trade. autarky. a free trade agreement.
Answers
The ratio at which a country can trade its exports for imports from other countries is called a terms of trade.
The terms of trade refer to the ratio at which a nation can exchange its exports for imports from other nations. The relative price or value of an exporting nation's goods in relation to its imports is represented by the terms of trade. It displays the exchange rate between goods and services that are exported and imported.
A favorable trade situation is indicated by an improvement in a country's terms of trade, which allows it to import more goods for a given amount of exports. On the other hand, a decline in the terms of trade indicates that a country's trade situation is less favorable because it requires more exports to obtain the same amount of imports.
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Business Ethics Nine-point Checklist Questions
You own a business in the United States that you have determined needs to move out of the country in order to survive. Choose one of the companies below to complete your quiz.
As you prepare to leave, you need to identify those who are helped (individuals in the new country) and those who are hurt. Next, you need to define your ethical responsibilities to all your shareholders (the individuals in the US).
Choose one of these companies as your company to answer the Business Ethics Checklist.
Apple
IBM
Cisco Systems
Nike
Wal-Mart
What are the facts? Who is affected? Is there an ethical problem? Is it simply right vs. wrong? Is this an ethical dilemma: Right vs. wrong? What resolution principles might be applied? What are your options? Is there a third way? Reflect on why you think this is the best decision? PLEASE SOMEONE HELP ASAP!!!!!!!
YOULL GET 100 POINTS!!!!
Answers
The business Ethics Nine-Point Checklist aids in making ethical decisions. The one for Wal-Mart is as follows:
The background: I'm leaving and I have to identify those who have helped and those who have hurt.The facts? I will be leaving and I have to ensure that my absence does not hurt the company.Who is affected? The company as a whole will be affected if I don't put proper succession plans in placeIs there an ethical problem? Yes. My responsibility within the company is to ensure that the company continues to exist and function legally and separately from my person so that other stakeholders (staff and investors) are not put at a disadvantage.Dilemma? The dilemma only exists if the solution to my absence is such a difficult one. The conflict is between my personal interests and that of the company.What resolution principles may be applied? Succession planning and change management is crucial in this case.Is there a third way? Yes. The third way would be to reexamine the reason why I want to leave in the first place and see if there is a possible solution to thatWhat is the best decision? This would be dependent on a lot of subjective factors.What is ethics?Ethics, often known as moral philosophy, is a philosophical field that "involves systematizing, defending, and advocating conceptions of good and bad action." The field of ethics, like aesthetics, is concerned with considerations of worth; together, these subjects compose the branch of philosophy known as axiology.
The Fundamental Ethics Principles The four ethical principles are beneficence, nonmaleficence, autonomy, and justice.
Ethics is what motivates us to speak the truth, honor our promises, and assist those in need. On a daily level, an ethical framework underpins our lives, assisting us in making decisions that have a good influence and directing us away from unjust consequences.
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What can be a benefit of using interviews to select employees to hire?
A. Insights from employees' examples
B. Accurate prediction of honesty
C. Good measurement of intelligence
D. Errors from employee bias
Answers
Answer:
B. Accurate prediction of honesty
Explanation:
Interviews are one of the most effective tools that human resource managers use to determine if a candidate is a match or not for a specific job. Flexibility is the key word here. That allows both the candidate and the interviewer, the possibility of understanding what are the skills needed for a certain job and if the candidate possesses them. When someone answers a test, you can tell if the candidate knows about the subject or not, but when he/she is interviewed, you can ask for more detail and examples that help clarify the candidate's ideas, expectations and capabilities. E.g. a candidate states that he/she knows how to use WordPress very well, and the interviewer can ask him/her about specific tasks to verify if that is true.
Answer:
A. Insights from employees’ examples
Explanation:
Just took the quiz.
you have a credit card and want to know the best way to use it to boost your credit score. which step will have the greatest impact?
Answers
Your credit report and credit score are influenced by your payment history, debt-to-credit ratio, length of credit history, new credit, and the total amount of credit you have.
What factor has the most impact on your credit score?The most crucial element in keeping a higher credit score is payment history. Your FICO score—the score that most lenders consider—is 35% based on it. FICO views your payment history as the best indicator of your ability to make timely payments on future debt.
I've never missed a payment, so why is my credit score low?Even if you haven't yet missed a payment, a high credit usage rate suggests that you are overusing your credit and could be in danger of defaulting.
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For a plaintiff to establish that he or she has standing to sue, the plaintiff must allege ________.
a. a lack of subject matter jurisdiction of the court
b. at least $100,000 in damages as a result of the controversy
c. extradition by the police of the state in which he or she resides
d. a personal stake in the resolution of the controversy
e. garnishment by the state in which the lawsuit is filed
Answers
For a plaintiff to establish that he or she has the standing to sue, the plaintiff must allege a personal stake in the resolution of the controversy.
Who is a Plaintiff?A plaintiff is an individual or group who initiates a lawsuit in a court of law. The plaintiff by doing so seeks justice and a legal remedy for that particular problem.
When a plaintiff seeks to establish that he or she has a legal standing to sue, he must allege a personal stake in the resolution of the controversy. That way, he would properly establish the fact.
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anyone in a company who influences the behavior of other employees is acting as a ___.
A. executive
B. supervisor
C. leader
D. manager
Answers
Answer:
C
Explanation
The strategies managers employ in the workplace often dictate employee ... other hand, leaders who lack managerial skills, are a detriment to employees
Anyone who directs the actions of other workers in a corporation is functioning in a leader capacity. Hence, Option C is correct.
What is a leader?A leader is someone who enlivens and motivates their people. Anyone who has a vision and knows how to get there is a leader. A leader makes sure their group gets the resources and support they need to succeed.
A leader is someone who enlivens and motivates their people. Anyone who has a vision and knows how to get there is a leader. A leader makes sure their group gets the resources and support they need to succeed.
Optimistic leaders inspire. While taking the effort to advise and train staff whenever there are performance gaps, they take the time to recognise employees for a job well done.
Good leaders encourage their people to be their very best in both good and difficult situations, bringing out the best in each individual.
Therefore, Option C is correct.
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an institutional customer places a marketable order to buy 10,000 shares of abcd stock, a nasdaq listed company. the customer directs that the trade be routed to an ecn for execution and not be sent to the nasdaq. which statement is true about this? a the customer's instructions are to be followed and the order must be sent to the designated ecn b the order must be sent to the nasdaq for execution c the order must be sent to the market with the largest display size d the order cannot be accepted from the customer
Answers
The statement that is true about this scenario is that the customer's instructions are to be followed and the order must be sent to the designated ECN. option a
An institutional customer places a marketable order to buy 10,000 shares of abcd stock, a NASDAQ listed company. The customer directs that the trade be routed to an ECN for execution and not be sent to the NASDAQ.
The statement that is true about this scenario is that the customer's instructions are to be followed and the order must be sent to the designated ECN.
ECN refers to electronic communication networks, and it's a computerized trading system that shows the best available bid and ask quotes from different market participants. ECNs work by matching buy and sell orders electronically, so there's no need for a middleman.
The ECN is an excellent option for institutional investors like the one in this scenario.
Institutional investors like pension funds, mutual funds, and endowments make large trades that are too big for a typical exchange or marketplace to handle.
To sum it up, when an institutional customer places a marketable order to buy 10,000 shares of ABCD stock, a NASDAQ listed company, and directs that the trade be routed to an ECN for execution and not be sent to the NASDAQ, the customer's instructions are to be followed, and the order must be sent to the designated ECN.
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the journal entry to record depreciation on factory equipment debits blank . multiple choice question. manufacturing overhead and credits depreciation expense work in process and credits accumulated depreciation manufacturing overhead and credits accumulated depreciation work in process and credits depreciation expense
Answers
The journal entry to record depreciation on factory equipment involves multiple accounts and their respective debits and credits.
First, the depreciation expense account needs to be credited to record the expense.
The amount of depreciation is usually calculated based on the useful life and salvage value of the equipment and can be obtained from the company's accounting records.
Next, the accumulated depreciation account needs to be debited to record the reduction in the equipment's value over time.
This account represents the total depreciation expense that has been recognized on the equipment since it was acquired.
Finally, the manufacturing overhead account needs to be debited or credited depending on the company's accounting policies.
Some companies prefer to charge depreciation to the manufacturing overhead account as it is considered an indirect cost of production.
Others prefer to charge it directly to the work-in-process account, which represents the cost of goods being produced.
Therefore, the correct answer to the multiple-choice question is Manufacturing overhead and credits accumulated depreciation.
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Write the name of any five organic fertilizers and describe any one them.
Answers
One example of an organic fertilizer is compost. Compost is made from decomposed organic materials such as kitchen scraps, yard waste, and other biodegradable materials.
What is Fertilizers?
Fertilizers are substances added to soil or other growing mediums to provide essential plant nutrients that are deficient or absent in the soil. They are used to enhance the growth, yield, and quality of crops, and can be organic or inorganic in nature. Fertilizers contain essential plant nutrients such as nitrogen, phosphorus, and potassium, as well as other secondary and micronutrients that are important for plant growth and development. The use of fertilizers can help increase agricultural productivity and improve food security, but it is important to use them responsibly to minimize negative impacts on the environment.
Compost
Manure
Bone meal
Fish emulsion
Blood meal
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a broker developed a website to advertise the broker's office with the brokerage's name, location, and phone number. what additional information does the broker need to include?
Answers
Since the broker already add the brokerage's name, location, and phone number on the website to advertise the broker's office; then no need for any additional disclosures. The correct answer is option D.
What is a broker?A broker is an individual or firm that acts as an intermediary between a buyer and a seller; or between an investor and a securities exchange, who buys and sells goods or assets for others. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
There are 3 types of brokers, those are: Online brokers, a new form of digital investment which interacts with the customer on the internet; Discount brokers, a stockbroker who performs buy and sell orders at a reduced commission rate; and Full-service brokers.
Although part of your question is missing, you might be referring to this full question: A broker developed a website to advertise the broker's office with the brokerage's name, location, and phone number. What additional information does the broker need to include?
A. Name and address of the home office and the states in which the brokerage holds licenses
B. License number of the brokerage and list of current active licensees
C. Names of active licensees, addresses, and phone numbers
D. No need for any additional disclosures
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Pcm incorporated will need to purchase new servers for a system. this would be a:________
Answers
Pcm incorporated will need to purchase new servers for a system. this would be a Development cost.
Development cost are the charges a commercial enterprise incurs from researching, growing, and introducing a brand-new product or service. Development charges are typically known as studies and improvement charges. These charges can consist of a number of expenses, along with advertising analysis, developmental engineering, and purchaser surveying.
Total Development Cost - The sum of the tough and smooth charges to finish an undertaking aside from Development Application charges and the retaining charges previous to Development Approval. The As Is Land Value, now no longer the Land Cost is covered withinside the calculation of TDC.
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The Kiyotaki-Wright model has multiple equilibria. Are we able to determine which equilibrium that individuals would prefer? If so, describe which equilibrium is the best and which equilibrium is the worst from a welfare perspective And explain your reason- ing. If we are not able to determine which equilibrium is the best, explain why.
Answers
In the Kiyotaki-Wright model it is difficult to determine which equilibrium individuals would prefer due to random matching process.
The Kiyotaki-Wright model is a macroeconomic model that allows for multiple equilibria. In this model, there are two equilibria: a low investment equilibrium and a high investment equilibrium. In the Kiyotaki-Wright model, it is difficult to determine which equilibrium individuals would prefer. The reason for this is that the model is based on a random matching process and the presence of multiple equilibria, which leads to uncertainty about which equilibrium will be realized.
From a welfare perspective, the best equilibrium is the one that maximizes the total value of transactions, leading to the highest level of economic efficiency. This would be achieved when a more efficient medium of exchange (i.e., an asset with lower storage costs and higher acceptability) is used as money, facilitating trade among individuals.
On the other hand, the worst equilibrium is the one that minimizes the total value of transactions, leading to a lower level of economic efficiency. This would occur when a less efficient medium of exchange (i.e., an asset with higher storage costs and lower acceptability) is used as money, limiting trade opportunities among individuals.
However, due to the random matching process in the Kiyotaki-Wright model, it is challenging to predict which equilibrium will be reached in practice. Additionally, coordination problems and information asymmetries among agents make it difficult to determine which equilibrium is preferred by the individuals. As a result, we are not able to determine which equilibrium is the best in the Kiyotaki-Wright model with certainty.
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Determine the engineering management tools needed for designing an
engineering services delivery plan. The engineering management tools may include problem analysis and
decision-making, risk manageme
Answers
Engineering management tools for designing an engineering services delivery plan include problem analysis, decision-making, and risk management.
When designing an engineering services delivery plan, several engineering management tools are crucial. Firstly, problem analysis helps identify the key challenges and issues that need to be addressed in the plan. This involves gathering data, conducting assessments, and employing analytical techniques to understand the problem space.
Secondly, effective decision-making tools are necessary to evaluate various options and make informed choices. Decision matrices, cost-benefit analysis, and decision trees can aid in selecting the most appropriate strategies and actions.
Lastly, risk management tools are essential for identifying, assessing, and mitigating risks associated with the delivery plan. This includes risk identification techniques, such as SWOT analysis and failure mode and effects analysis (FMEA), as well as risk mitigation strategies like contingency planning and risk monitoring.
By utilizing these engineering management tools, organizations can develop comprehensive and effective engineering services delivery plans.
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Strategic Sourcing is a comprehensive approach for locating and sourcing key suppliers, so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace. true false
Answers
Strategic Sourcing is an integrated approach of finding and sourcing the most reliable and valuable suppliers so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace.
Strategic sourcing requires collaboration and communication with internal stakeholders and suppliers to ensure all requirements are met. It’s a long-term procurement strategy that takes into account several factors, such as supplier performance, quality, cost, delivery time, risks, and innovation.
By using strategic sourcing, organizations can reduce their procurement costs, increase their competitiveness in the marketplace, and achieve long-term business objectives. This approach also helps organizations to mitigate supply chain risks, ensure business continuity, and maintain their reputation.
In conclusion, the statement "Strategic Sourcing is a comprehensive approach for locating and sourcing key suppliers, so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace" is true.
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Vivian conducted market research on her company's products. She found that after the company raised the price of its product by $1.50, the demand in the uptown region remained the same with only minor fluctuations. However, she found that the demand in the downtown region dropped by 20 percent after the price change. How should Vivian take these demands into consideration?
Answers
Answer:
One important factor that Vivian needs to consider is that demand changes as a result of changes in price, however, other factors could affect the demand for goods or services, examples are, changes in the price of related goods, the income of the people, changes in preference etc.
Therefore, based on this fact, Vivian should consider "Price elasticity of demand." Price elasticity of demand can be defined as a measurement used in economics to show the responsiveness or elasticity of the quantity demanded of a good or service to a change in its price when nothing but the price changes.
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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