what might be some of the dangers of relying solely on customer input when designing or improving a product or service? what other inputs should be taken into account
Answers
Companies can get bogged down when using House of Quality or Voice of the Customer methods to interpret customer statements into ideas and potential solutions.
What are the problems in capturing customer inputs for innovation?Any information that a customer may have offered to the company as a suggestion for a new feature, improvement, or bug patch relating to the software, services, or other product offerings of the company is referred to as customer input. Sometimes it's hard to tell who's right and who's wrong. Due to tradition, the firm should always bear the responsibility. Legal repercussions could result from telling a customer they are mistaken. Finding the culprit should not be the main priority; instead, the O problem should be addressed. By including customers, the supplier should be able to provide better functional specifications, alter product designs to save production costs, or create designs that more closely address the unique demands and issues of customers.To learn more about customer inputs refer to:
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Related Questions
True or False: companies use exit interviews to gather feedback about the company’s policies and procedures, management, and operations.
Answers
Answer:
false
Explanation:
it's not true because it's not right Statement
Meal interviews are used by companies as a means of seeing candidates in a more social setting and how they interact with restaurant staff. What is accepted etiquette for conducting yourself during a meal interview?
A.Pick a meal that is easy to eat while you’re talking
B. Focus on the meal so you’re not so hungry
C. If you need to leave the table during the meal, put your napkin on the table
D. Arrive at the restaurant at least 5 minutes prior to your interview time
Answers
Make sure to welcome everyone present at the meal interview. Introduce yourself, shake hands with everyone, and say hello.
What is meal interview?In this form of meal interview, the interviewer brings you to a restaurant for dinner where you talk during the course of the meal about the position and your qualifications. Job prospects may be taken out to dinner as part of the interview process so that interviewers can evaluate their interpersonal, communication, and general attitude abilities. It's important to keep in mind that the reason why the search committees invite candidates out to dinner is so they can get to know them better. They want to hire someone who will fit in with the department and be both a professional and socially appealing colleague. According to Amy Wolfgang, CEO of Austin, Texas-based Coaching 4 Good, hiring managers frequently do lunchtime interviews to get a better sense of your personality and how you behave in a relaxed environment.
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1) Reintroducing wolves in Wyoming has meant that some of the cattle were eaten. What economic principle is this exemplifying?
Answers
The economic principle that is being exemplifyed is opportunity cost.
In economic theory, opportunity costs refer to the costs of an action when the losses that are due to the action excluding other simultaneous actions are recognized.
Opportunity cost is a term used in microeconomic theory. It is the value of the costs lost in a situation where one chooses the next best alternative over the best. It is the loss of a potential when other choices are made. Thus, this can also be understood in a broader sense than just monetary. Used, for example, in health economics in connection with economic evaluation.
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Sheffield Corporation manufactures safes—large mobile safes, and large walk-in stationary bank safes. As part of its annual budgeting process, Sheffield is analyzing the profitability of its two products. Part of this analysis involves estimating the amount of overhead to be assigned to each product line. The information shown below relates to overhead.
Mobile Safes
Walk-in Safes
Units planned for production 200 50
Material moves per product line 300 200
Purchase orders per product line 450 350
Direct labor hours per product line 800 1,700
The total estimated manufacturing overhead was $ 276,000. Under traditional costing (which assigns overhead on the basis of direct labor hours), what amount of manufacturing overhead costs are assigned to: (Round answers to 2 decimal places, e.g. 12.25.)
(1)
One mobile safe
$ enter a dollar amount per unit
per unit
(2)
One walk-in safe
$ enter a dollar amount per unit
per unit
The total estimated manufacturing overhead of $ 276,000 was comprised of $ 172,000 for materials handling costs and $ 104,000 for purchasing activity costs. Under activity-based costing (ABC): (Round answers to 2 decimal places, e.g. 12.25.)
What amount of materials handling costs are assigned to:
(a)
One mobile safe
$ enter a dollar amount per unit
each
(b)
One walk-in safe
$ enter a dollar amount per unit
each
The total estimated manufacturing overhead of $ 276,000 was comprised of $ 172,000 for materials handling costs and $ 104,000 for purchasing activity costs. Under activity-based costing (ABC): (Round answers to 2 decimal places, e.g. 12.25.)
What amount of purchasing activity costs are assigned to:
(a)
One mobile safe
$ enter a dollar amount per unit
each
(b)
One walk-in safe
$ enter a dollar amount per unit
each
Compare the amount of overhead assigned to one mobile safe and to one walk-in safe under the traditional costing approach versus under ABC. (Round answers to 2 decimal places, e.g. 12.25.)
Traditional Costing
Activity-Based Costing
Mobile safe
$ enter a dollar amount
$ enter a dollar amount
Walk-in safe
$ enter a dollar amount
$ enter a dollar amount
Answers
(1) Under traditional costing, the manufacturing overhead costs assigned to one mobile safe are $1,380 per unit.
(2) Under traditional costing, the manufacturing overhead costs assigned to one walk-in safe are $2,588 per unit.
For activity-based costing (ABC):
(a) The materials handling costs assigned to one mobile safe are $828 per unit.
(b) The materials handling costs assigned to one walk-in safe are $1,144 per unit.
For activity-based costing (ABC):
(a) The purchasing activity costs assigned to one mobile safe are $552 per unit.
(b) The purchasing activity costs assigned to one walk-in safe are $464 per unit.
Comparing the amount of overhead assigned:
Under traditional costing:
- Mobile safe: $1,380
- Walk-in safe: $2,588
Under activity-based costing (ABC):
- Mobile safe: $1,380
- Walk-in safe: $2,608
The overhead assigned to one mobile safe remains the same under both costing approaches, while the overhead assigned to one walk-in safe increases slightly under activity-based costing (ABC) compared to traditional costing.
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The one-year forward rate of the japanese yen is quoted at $.013, and the spot rate of japanese yen is quoted at $.010. the forward ____ is ____ percent.
Answers
The forward premium is 30 percent.
Forward premium refers to the situation where the exchange rate for a currency in the forward market is higher than the spot exchange rate.
When there is a forward premium, it means that the future value of a currency is expected to increase compared to its current value. This expectation is typically influenced by factors such as interest rate differentials, inflation differentials, and market expectations.
To calculate the forward premium, you can use the formula:
Forward Premium = (Forward Rate - Spot Rate) / Spot Rate
Plugging in the given values:
Forward Premium = ($.013 - $.010) / $.010 = $.003 / $.010 = 0.3
Therefore, the forward premium is 0.3 or 30 percent.
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when consumed, many goods and services have an impact on other people not using the product. Which word describes this impact ?
A. appreciation
B. depreciation
C. externality
D. inflation
Answers
Answer:
Explanation:
depreciation
When consumed, many goods and services have an impact on other people not using the product. Depreciation word describes this impact. The correct option is B.
What does it mean to deprecate a product?Application developers who have already subscribed to a product may still use it after it is deprecated, but no new developers may do so. We disapprove of this use of company funds for political activities. to say that you disapprove of something.
In order to maintain backward compatibility and give programmers time to bring affected code into compliance with the new standard, features are deprecated rather than immediately removed. The following are some of the primary causes of depreciation: A more potent substitute feature has taken the place of the former feature.
Thus, the ideal selection is option B.
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What is the total amount of interest Shelby will pay for the car loan? How many more years will it take Shelby to pay off her loan?.
Answers
Based on the information given in the table, the amount of interest that will be paid is $2478.58.
From the complete question, it be be noted that the payment schedule for the first year is given as $7000.
Therefore, the first year interest payment for Shelby will be:
= $9478.58 - $7000
= $2478.58
Also, the number of years required to pay the loan will be 1 year.
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Answer:
What is the total amount of interest Shelby will pay for the car loan?
✔ $2478.58
How many more years will it take Shelby to pay off her loan?
✔ 1
Explanation:
GIVING 25 POINTS FOR THE CORRECT ANSWERS!!!!
1: The three elements needed in order to make database marketing work are technology, prioritization, and accurate information.
False
True
2:Starting with a clean list is an important step in database marketing
False
True
Answers
Answer:
first one is T the second is F
The systematic collection, compilation, and processing of consumer data is known as database marketing. Database marketing, often known as customer relationship management, is a type of direct marketing. Customers' and potential customers' data is gathered and kept in a database by a business. An organization can better understand and market to its customers as a result of the process of gathering this data, perhaps increasing revenue.
Database marketing is a type of marketing technique that can be used by companies like merchants, technology suppliers, insurance providers, and other services. The companies who have a huge client base will benefit the most from this marketing strategy since they will generate more transaction data, which opens up more opportunities to identify potential customers.
In database marketing, marketers will use the information gathered to better understand customers, choose target markets for certain marketing campaigns (through customer segmentation), assess how valuable clients are to the business, and give customers more specialized options. Customers' names, addresses, emails, phone numbers, purchase histories, job titles, website cookies, and even help requests are among the data that may be collected.
Data is first gathered from a variety of sources in database marketing. Tracking is possible for names, addresses, emails, phone numbers, purchase histories, and other information. The information can be gathered through a variety of techniques, such as tracking user cookies, purchase histories, newsletter subscriptions, or anything else that calls for the completion of forms, such entry forms for contests, offers of free samples of goods, product warranty cards, and so forth. Additional client records may be created as a result of leads generated by the marketing and sales teams. Although different nations may have varying rules surrounding what types of data can be bought and sold, prospect data can also be purchased from third parties.
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A business borrows money from the bank to carry out repairs in their shop. They borrow £10,000. The interest is 5%. They will pay off the loan in full in one year. How much is the total repayment?
Answers
Answer:
£10,500
Explanation:
Amount paid will the principal amount plus interest.
Principal amount = £10,000.
Interest = p x r x t
r = interest rate : 5% or 0.05
t= 1 year
= £10,000 x 0.05 x 1
=£500
Total payment
= £10,000 + £500
=£10,500
How many acres are in a description reading, "The NW¼ of the SE¼ and the S½ of the SW¼ of the NE¼ of Section 4"?
Answers
The main answer is that the description "The NW¼ of the SE¼ and the S½ of the SW¼ of the NE¼ of Section 4" does not provide enough information to determine the exact number of acres.
The description only specifies the fractional parts of various quarters within Section 4, but it does not specify the size of the section or the size of each quarter.
To determine the number of acres, we need to know the total area of Section 4 in acres. A section of land typically consists of 640 acres, but the exact size can vary depending on the jurisdiction or survey system being used. Once we know the total area of Section 4, we can calculate the number of acres based on the given fractional parts.
For example, if Section 4 is 640 acres, the NW¼ of the SE¼ would be (1/4) * (1/4) * 640 = 40 acres. The S½ of the SW¼ of the NE¼ would be (1/2) * (1/4) * (1/4) * 640 = 20 acres. However, without the information on the size of Section 4, we cannot accurately determine the total number of acres based on the given description.
In summary, the provided description only specifies fractional parts of various quarters within Section 4, and without the total area of Section 4, it is not possible to determine the exact number of acres.
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YO CAN YALL SEND HELP MY BRAIN ISNT WORKING TODAY
Which of the following statements are true of hacking? Check all of the boxes that apply.
-It is the practice of cutting network cables to damage a network infrastructure.
-It is the practice of finding weaknesses in a computer or computer network.
-It is always illegal.
-It is sometimes practiced by network security professionals.
Answers
Answer:
B and D
Explanation:
The statements true of hacking are
It is the practice of finding weaknesses in a computer or computer network.It is sometimes practiced by network security professionals.What is hacking?Computer hackers who are motivated by monetary gain engage in illegal conduct when they attempt to attack digital equipment like computers. This is known as hacking.
They start experimenting with different applications while they look for online instruction. Due to their inexperience and potential for initial perception as little more than an internet troll or beginner.
As opposed to building security systems, breaching them involves greater knowledge and skill. Hackers cannot be neatly grouped together according to any absolute standards in order to gain confidential information.
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Someone help me find 2161965 please.
Answers
what characterizes a market with oligopolistic competition?
Answers
It is an oligopolistic market if it has the following:
- Few number of competitors (economy is shared through a few number of businesses/companies)
- The absence of other competitors besides the dominating ones
- If those few companies have a significant impact on the market (can increase price easily)
The _____ person standard is the test used to determine if a person owes a duty of care to another person.
ordinary
kind
responsible
reasonable
Answers
Answer:
I think reasonable because the person knows that they owe a duty, or “job”, of caring for another person. Which would only mean that they are being reasonable and rationalizing in owing something to the person.
The visual enhancement of any drawing through color, value, and texture
Answers
Answer:
That would be the composition of a work.
Source:
"The arrangement of elements within a work of art."
https://www.tate.org.uk/art/art-terms/c/composition
Lina works as an accountant for a small manufacturing firm. She is using the spreadsheet program OpenOffice Calc to calculate all the expenses that her firm incurred during a given month. Which Subtotals function should she use to add all the expenses that she listed in a particular column?
A.
AVERAGE
B.
SUM
C.
MIN
D.
MAX
E.
COUNT
Answers
Lina works as an accountant for a small manufacturing firm. She is using the spreadsheet program OpenOffice Calc to calculate all the expenses that her firm incurred during a given month. She should use "SUM" function to add all the expenses that she listed in a particular column.
The SUM function is used to combine values. Certain values, reference cells, ranges, or a mix of all three can be supplied. OpenOffice Calc is the name of OpenOffice's spreadsheet module. Calc's features are quite similar to those of Microsoft Excel.
When used independently or in combination with other Spreadsheet features like SUM, Excel makes doing mathematical operations straightforward. Spreadsheets saved in Microsoft Excel format may be opened and saved in OpenOffice Calc. A system that instantly produces a series for charting based on how the user's information is set down is only one of many features that Excel lacks. In Calc, spreadsheets are additionally immediately saved as PDF files.
Option B is the correct answer.
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how quantitative research helps in ABM?
Answers
Answer:
Quantitative Research and ABM importance
Research is of paramount significance particularly at the early stages of any Account Based Marketing program. ... “ABM is all about understating your target audience and you can't do that without investing some form of research – be that traditional research or more data-driven approaches to delivering insight.”
What is the difference between a “Named Insured” and a “Driver”?
Answers
Named insured(s) can drive a car, or anyone else's (including rental car) and get into an accident. An additional driver is a person who resides with the named insured and/or regularly uses a shared vehicle. His or her record is used in underwriting the policy to determine rates, but the person has no policy rights.
If corn and cotton are substitutes in production, a fall in the price of corn will cause the supply of cotton to ______
Answers
If corn and cotton are substitutes in production, a fall in the price of corn will cause the supply of cotton to increase.
What is substitutes in production?
Two or more products that can be created using the same resources are considered substitutes-in-production. Sellers are prevented from using resources to make another good when they produce one. Produce either the first or the second, but not both. Producing alternative crops like corn or soybeans is a common challenge for farmers.
Therefore,
If corn and cotton are substitutes in production, a fall in the price of corn will cause the supply of cotton to increase.
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4. the ad curve will shift to the left: a) if household wealth decreases. b) if the government decreases taxes paid by households. c) because of the wealth and interest rate effects. d) if the aggregate price level falls.
Answers
The correct answer is c) because of the wealth and interest rate effects. The wealth effect states that as household wealth decreases, consumers will spend less, causing a decrease in aggregate demand and a leftward shift of the AD curve.
The interest rate effect states that as prices fall, interest rates will also fall, causing an increase in investment and consumption spending, leading to an increase in aggregate demand and a rightward shift of the AD curve. However, in this case, the question asks about a leftward shift of the AD curve, which would occur if the interest rate effect is outweighed by the wealth effect. Therefore, a decrease in household wealth would cause a leftward shift of the AD curve. Option b is incorrect because decreasing taxes would increase disposable income and lead to an increase in consumption spending and a rightward shift of the AD curve. Option d is incorrect because a decrease in the aggregate price level would cause an increase in aggregate demand, leading to a rightward shift of the AD curve.
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Which of the following is NOT a step in the WACC valuation method?
1. Determine the mean weighted average cost of capital for the firm's industry.
2. Determine the incremental free cash flows of the investment.
3. Compute the weighted average cost of capital.
4. Discount the incremental free cash flows of the investment using the weighted average cost of capital.
Answers
The option that is NOT a step in the WACC (Weighted Average Cost of Capital) valuation method is: Determine the mean weighted average cost of capital for the firm's industry.
While determining the weighted average cost of capital (WACC) is a step in the WACC valuation method, determining the mean weighted average cost of capital for the firm's industry is not a standard step in the process. The WACC is specific to the individual firm and represents the average cost of capital for that particular company, taking into account its capital structure and cost of equity and debt.
The correct steps in the WACC valuation method are:
Determine the incremental free cash flows of the investment.
Compute the weighted average cost of capital.
Discount the incremental free cash flows of the investment using the weighted average cost of capital.
These steps involve calculating the expected cash flows from the investment, determining the cost of capital for the company, and discounting the cash flows using the WACC to assess the present value of the investment.
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1
8
10
TIME REMAINING
58:45
n
What is the difference between profit and revenue?
O Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after
subtracting the production costs.
Revenue is the total amount producers earn after subtracting the production costs. Profit is the total amount
producers receive after selling a good.
O Revenue is the total amount producers pay to manufacture a good. Profit is the total amount producers earn after
subtracting the production costs.
O Revenue is the total amount producers pay to manufacture a good. Profit is the total amount producers receive after
selling a good.
Noya
Submit
Answers
Answer:
Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs.
Explanation:
amougus
Help answer these two questions pleaseee
1. Across the course, you've learned about many other desktop publishing software programs besides PowerPoint. Identify at least two other technologies available for desktop publishing (the software can be presentation-based, word processing, spreadsheet software.etc.). What are some common features across PowerPoint and these other programs?
2. What are 2 differences that could be expected in how an employee would speak to other staff members in a truly flat organizational structure compared to a hierarchical structure?
Answers
Answer:
1.
At least two other technologies available for desktop publishing:
Microsoft WordMicrosoft ExcelMicrosoft PublisherCommon features across PowerPoint and the above programs:
These programs are all part of the Microsoft 365 (formerly Microsoft Office) suite of software tools. They are available for both personal and professional use. All programs use a subscription model. They are designed to be compatible across Microsoft's entire product line and allow for instant collaboration among multiple registered users.
2.
Two differences in how an employee might speak to other staff members in a flat organizational structure versus a hierarchical structure:
Less expectation of formality: speech would likely be delivered in a more casual manner and tone among many staff membersAn increase in dialogue: a reduction or elimination of middle management necessitates increased collaboration among staffWhat are reasons a company would share a valuable competitive asset with its international locations? (choose every correct answer.)
Answers
There are several reasons why a company would share a valuable competitive asset with its international locations. These reasons include:
Improving efficiency and effectiveness: Sharing a valuable competitive asset with international locations can help streamline operations, increase productivity, and improve overall efficiency and effectiveness. By leveraging the asset across different locations, the company can maximize its utilization and achieve economies of scale.
Enhancing global competitiveness: Sharing valuable assets can enable international locations to compete more effectively in their respective markets. By providing access to key resources, knowledge, or technology, the company can strengthen its global presence and gain a competitive advantage over local competitors.
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Which professional work habits are Leila and Ryan demonstrating in this scenario?
1 Leila welcomes changes and is willing to learn new workplace procedures. She demonstrates a great deal of
.
2 Ryan always wears a suit and a tie when meeting new clients. He understands the importance of professional
.
Answers
Answer:
1. Adaptability
2. Appearance
Explanation:
On the Test as we speak lol
Jeffries & sons is borrowing $95,000 for four years at an apr of 7. 05 percent. The principal is to be repaid in equal annual payments over the life of the loan with interest paid annually. Payments will be made at the end of each year. What is the total payment due for year 3 of this loan?.
Answers
Jeffries & Sons will have to pay $30,491.05 for the third year of the loan. Jeffries & Sons is borrowing $95,000 for four years at an APR of 7.05%.
To determine the equal annual payment (EAP), we can use the formula for present value of an annuity.Using the given APR of 7.05%, we find the monthly interest rate by dividing by 12: 7.05% / 12 = 0.5875%.We then find the number of periods (n) to be 4 since it is a four-year loan.We use the formula for the present value of an annuity, which is:Present Value of Annuity = Payment x (1 – (1 / (1 + r)n)) / r, where r is the monthly interest rate and n is the number of periods.Using the values given, we can plug them into the formula:95000 = Payment x (1 – (1 / (1 + 0.005875)4)) / 0.005875 We solve for Payment to get the EAP: Payment = $27,257.47 To determine the total payment due for year 3 of the loan, we simply multiply the EAP by 1.07 twice (once for each of the first two years of interest).
The payment at the end of the third year will be the total payment due for year 3.$27,257.47 x 1.07 x 1.07 = $30,491.05 Therefore, Jeffries & Sons will have to pay $30,491.05 for the third year of the loan.
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PLEASE HURRY, I'M TIMED!!!!!!!!!!!!!!!!!!!!!!!!
What is the first part of the screening process that organizations use when candidates have applied for their job posting?
résumé review
cover letter read-through
qualification dispute
skill assessment
Answers
Answer:
résumé review
Explanation:
im sure its that
when people are loyal to a particular demographic area that holds significant cultural meaning, they are blank.
Answers
When people are loyal to a particular demographic area that holds significant cultural meaning, they are considered to be place-based.
What is place-based?Place-based means having an emotional attachment to a specific place that has cultural significance. People who identify with a particular location and its customs are known as place-based. It's essentially a term that refers to an individual's sense of place-based identity. According to several researches, place-based identity can have significant mental and physical health benefits for the people who experience it.
It can provide a sense of meaning and purpose in life, as well as a sense of belonging to a specific community, which can help to reduce anxiety and depression symptoms. Moreover, place-based identity can inspire people to become involved in their communities, work for social justice, and act as a unifying force in times of crisis.
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If supply increases and demand stays the same, there will be a
A) higher equilibrium price and quantity
B)lower equilibrium price and higher quantity
C) lower equilibrium price and quantity
D) higher equilibrium price and lower quantity
Answers
Answer:
B) lower price increase quantit
Explanation:
The following condensed balance sheet is presented for the partnership of Finn, Gary, and Eugene who share profits and losses in the ratio of 2:4:4, respectively:
Cash $70,000
Other assets 730,000
Finn, loan 20,000
$820,000
Accounts payable $250,000
Eugene, loan 30,000
Finn, Capital 110,000
Gary, Capital 230,000
Eugene, Capital 200,000
$820,000
Assume that the partners decide to liquidate the partnership. If the other assets are sold for $600,000, how much of the available cash should be distributed to Finn?
Answers
To calculate how much cash should be distributed to Finn, we need to first determine the total amount of liabilities and capital that need to be paid off in the partnership.
Liabilities and capital:
Accounts payable: $250,000
Eugene's loan: $30,000
Finn's capital: $110,000
Gary's capital: $230,000
Eugene's capital: $200,000
Total: $820,000
Since the other assets are sold for $600,000, we can subtract that from the total liabilities and capital to get the amount of cash available for distribution:
Cash available: $600,000 - $820,000 = -$220,000
Since the cash available is negative, there is not enough cash to pay off all of the liabilities and capital. This means that the partners would need to contribute additional funds to cover the shortfall.
However, if we assume that the partners are able to cover the shortfall, we can calculate how much cash should be distributed to Finn based on his profit and loss ratio of 2:4:4.
Finn's profit and loss ratio: 2/10 = 0.2
To calculate how much cash Finn should receive, we can multiply the cash available by Finn's profit and loss ratio:
Cash for Finn: -$220,000 x 0.2 = -$44,000
Again, since the cash available is negative, this means that Finn would actually owe the partnership $44,000 if the partnership were to liquidate.
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To start, we need to calculate the total amount of liabilities and equity in the partnership. Adding up the accounts payable and the capital accounts for each partner, we get a total of $790,000 ($250,000 + $110,000 + $230,000 + $200,000).
Next, we subtract the total liabilities and equity from the total assets to get the amount available for distribution:
$820,000 - $790,000 = $30,000
However, we also need to factor in the $20,000 loan that Finn made to the partnership. This means that Finn's total claim on the partnership's assets is $130,000 ($110,000 in capital + $20,000 loan).
If the other assets are sold for $600,000, then we add that amount to the cash on hand to get a total of $670,000 ($70,000 cash + $600,000 from other assets).
To determine Finn's share, we multiply the total available for distribution ($30,000) by his profit and loss ratio (2/10, or 20%):
$30,000 x 20% = $6,000
Finally, we add the amount of Finn's loan to this figure:
$6,000 + $20,000 = $26,000
Therefore, Finn should receive $26,000 of the available cash.
To determine the amount of cash distributed to Finn during the liquidation of the partnership, follow these steps:
1. Calculate the total cash available after selling other assets:
Cash: $70,000
Sale of other assets: $600,000
Total cash: $670,000
2. Settle the accounts payable and loans:
Accounts payable: $250,000
Eugene's loan: $30,000
Finn's loan: $20,000
Total obligations: $300,000
3. Calculate the remaining cash for distribution:
Total cash - Total obligations = $670,000 - $300,000 = $370,000
4. Calculate the partners' capital ratios:
Finn: 2 parts
Gary: 4 parts
Eugene: 4 parts
Total parts: 2 + 4 + 4 = 10 parts
5. Allocate the remaining cash to partners according to their capital ratios:
Finn's share: (2/10) * $370,000 = $74,000
So, Finn should receive $74,000 of the available cash upon the partnership's liquidation.
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