The stakeholder register entry is inadequate is a marketing leader.
Who is a stakeholder?A stakeholder is a party that has an interest in a company and can either affect or be affected by the business.
A marketing leader is not an adequate entry in a stakeholder register. There are situations in which communicating to people face-to-face is the best way to get something accomplished.
When conversing with emotionally charged people on a complex topic, communication over text or email can be cumbersome and ineffective.
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Which is a benefit of starting retirement saving early?
A. The longer you own stocks, the more money the stocks will earn.
B. Tax rates will increase over time, so the sooner you invest, the less
you will pay in taxes.
C. The value of your investments will always increase over time.
D. Compounding interest means the longer you save, the more
money your investment will earn.
SUBMIT
Answer:
I would say D
Explanation:
D is basically restating the question but with the answer.
Benefits of retirement saving at early stage is that D. Compounding interest means the longer you save, the more money you earn.
What is savings?savings serves as the the term in economics that describes art of not spending.
Therefore, when retirement is approaching one needs to start saving because of Compounding interest which will make you to earn more on your investment.
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Help! Select the qualification that is best demonstrated in each example.
Melanie is a fitness instructor who encourages her students to achieve their goals. ____
1. Ability to handle money
2. Accuracy and attention to detail
3. Leadership skills
4. Organizational skills
Jacob counts and organizes cash at a casino. _____
1. Maintenance of safety
2. Communication skills
3. Teamwork skills
4. Ability to handle money
Adra is proud that she has never had an accident while running a ride at an amusement park. ______
1. Organizational skills
2. Leadership skills
3. Ability to operate equipment safety
4. Communication skills
Juan plans fun activities for groups of people. _____
1. Communication skills
2. Accuracy
3. Teamwork skills
4. Organizational
Answer:
What ghazaryanelen101 Said ↑↑↑↑
Explanation:
Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and
the gross method.
August 1 Purchased merchandise from Aron Company for $8,000 under credit terms of 1/10, n/30, FOB destination, invoice dated
August 1.
August 5 Sold merchandise to Baird Corporation for $5,600 under credit terms of 2/10, n/60, FOB destination, invoice dated August
5. The merchandise had cost $4,000.
August 8 Purchased merchandise from Waters Corporation for $7,000 under credit terms of 1/10, n/45, FOB shipping point, invoice
dated August 8.
August 9 Paid $190 cash for shipping charges related to the August 5 sale to Baird Corporation.
August 10 Baird returned merchandise from the August 5 sale that had cost Lowe's $500 and was sold for $1,000. The merchandise was
restored to inventory.
August 12 After negotiations with Waters Corporation concerning problems with the purchases on August 8, Lowe's received a price
reduction from Waters of $700 off the $7,000 of goods purchased. Lowe's debited accounts payable for $700.
August 14
At Aron's request, Lowe's paid $160 cash for freight charges on the August 1 purchase, reducing the amount owed (accounts
payable) to Aron.
August 15 Received balance due from Baird Corporation for the August 5 sale less the return on August 10.
August 18 Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12.
August 19
Sold merchandise to Tux Company for $4,800 under credit terms of n/10, FOB shipping point, invoice dated August 19. The
merchandise had cost $2,400.
August 22
Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe's gave a
price reduction (allowance) of $800 to Tux and credited Tux's accounts receivable for that amount.
August 29 Received Tux's cash payment for the amount due from the August 19 sale less the price allowance from August 22.
August 30 Paid Aron Company the amount due from the August 1 purchase.
Based on the given merchandising transactions, a journal entry has been prepared below:
Journal EntriesNo Date General Journal Debit Credit
1 Aug 01 Merchandise inventory $6,000
Accounts payable-Aron $6,000
2 Aug 05 Accounts receivable-Baird $4,200
Sales $4,200
3 Aug 05 Cost of goods sold $3,000
Merchandise inventory $3,000
4 Aug 08 Merchandise inventory $5,000
Accounts payable-Waters $5,000
5 Aug 09 Delivery expense $200
Cash $200
6 Aug 10 Sales return and allowances $1,000
Accounts receivable-Baird $1,000
7 Aug 10 Merchandise inventory $500
Cost of goods sold $500
8 Aug 12 Accounts payable-Waters $500
Merchandise inventory $500
9 Aug 14 Accounts payable-Aron $190
Cash $190
10 Aug 15 Cash ($3,200 - $3,136) $3,136
Sales discounts ($3,200 x 2%) $64
Accounts receivable-Baird ($4,200 - $1,000) $3,200
11 Aug 18 Accounts payable-Waters ($5,000 - $500) $4,500
Merchandise inventory ($4,500 x 1%) $45
Cash ($4,500 - $4,455) $4,455
12 Aug 19 Accounts receivable-Tux $3,600
Sales $3,600
13 Aug 19 Cost of goods sold $1,800
Merchandise inventory $1,800
14 Aug 22 Sales return and allowances $600
Accounts receivable-Tux $600
15 Aug 29 Cash ($3,600 - $600) $3,000
Accounts receivable-Tux $3,000
16 Aug 30 Accounts payable-Aron ($6,000 - $190) $5,810
Cash $5,810
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Find three fractions that are equivalent to three-eighths?
Answer: are 6 - 16, 12 - 32 and 18 - 48.
Explanation: hopeful this helps
Answer: 3/8=6/16=9/24=12/32
Explanation: Just keep multiplying the numerator and the denomenator
Write a pin introducing yourself to the class, and addressing one or more of the following questions.
[NOTE: do not feel that you have to post a response to ALL of these questions - just select one or more to which you'd like to provide a response.]
1) How would each of the three views assess the U.S. corporations' practice of offshoring their manufacturing operations to lower cost locations? Is it wrong for international managers to do this?
2) From the "Uber" mini-case in the Hill & Hult textbook: what are the pros/cons of Uber's Global Strategy? What could Uber have done differently?
3) From the "Boeing" mini-case in the Hill & Hult textbook: Do you think that Boeing's most recent decision to rethink its outsourcing strategy is correct?
4) From the "Medical Tourism" mini-case in the Hill & Hult textbook: What are the benefits to American medical providers of outsourcing certain well-defined tasks such as interpreting an MRI scan to foreign providers in countries such as India? What would Economic Nationalists in the United States say about this? How would Liberals defend this practice?
Based on my own opinion, i will say that From the "Boeing" mini-case in the Hill & Hult textbook, I do think that Boeing's most recent decision to rethink its outsourcing strategy is correct.
Why did Boeing restructure and outsource the project operations?The reason for the outsource is so that they can lower the costs and and the time spent on development.
Note that Boeing was known to have created about 787 through the use of a system that is said to be an unconventional three-tier supply chain.
Note that The implementation of this was said to have led to a substantial increase in outsourcing.
Hence, Based on my own opinion, i will say that From the "Boeing" mini-case in the Hill & Hult textbook, I do think that Boeing's most recent decision to rethink its outsourcing strategy is correct.
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Say that you purchase a house for $150,000 by getting a mortgage for $135,000 and paying a $15,000 down payment. If you get a 15-year mortgage with a 6 percent interest rate, what are the monthly payments
Answer:
Monthly installment = $1,139.21
Explanation:
When a loan is to be paid over a period of time using a series of periodic equal installments, it is called loan amortization. Each equal installment is meant to liquidate the principal and the accrued interest.
The amount to be financed by way of loan=
= cost of house - down payment
= $150,000 - 15,000 = $135,000
The monthly equal installment is calculated as follows:
Monthly equal installment-= Loan amount/Monthly annuity factor
Monthly annuity factor
=( 1-(1+r)^(-n))/r
Monthly interest rate (r)
= 6%/12= 0.5%
Number of months ( n) in 15 years
= 15* 12 = 180
Annuity factor
= ( 1- (1.005)^(-180)/0.005= 118.504
Monthly installment = 135,000/ 118.504 =1139.21
Monthly installment = $1139.21
Investment timing options
Companies often need to choose between making an investment now or waiting till the company can gather more relevant information about the potential project. This opportunity to wait before making the decision is called the investment timing option.
Newtown Propane Co. is considering a three-year project that will require an initial investment of $43,500. If market demand is strong, Newtown Propane Co. thinks that the project will generate cash flows of $28,000 per year. However, if market demand is weak, the company believes that the project will generate cash flows of only $1,500 per year. The company thinks that there is a 50% chance that demand will be strong and a 50% chance that demand will be weak.
If the company uses a project cost of capital of 14%, what will be the expected net present value (NPV) of this project?
-$7,868
-$11,107
-$8,793
-$9,256
-$9,256 will be the expected net present value (NPV) of this project. If the company uses a project cost of capital of 14%.
Expected cash flow per year = 0.50 * 28000 + 0.50 * 1500 = 14750
NPV of the project if started today
NPV = PV of all cash flow - investment
NPV = 14750 * PVIFA 14%, 3 YEARS - $43500
PVIFA 14%, 3 years = (1/r)*(1-(1/(1+r)ⁿ))
NPV = 14750 * 2.321632 - $43500
NPV = $-9256
NPV of the project if started after a year
NPV = PV of all cash flow - investment
NPV = [($28000 * PVIFA 14%, 2 years) - $43500] * 0.5 * PVIF 14%, 1 year
PVIFA 14%, 1 year
1/(1+r)ⁿ
NPV = [(($28000 * 1.646661) - $43500) * 0.5] * 0.877193
NPV = 1143
Value of option to delay = 10399
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Which of the following statement is TRUE?
(1 Point)
Developmental programs improve conceptual skills of managers for the future job.
Training programs improve conceptual skills of nonmanagers for the future job.
Developmental programs improve technical skills of nonmanagers for the current job.
Training programs improve technical skills of mangers for the current job.
'Developmental programs improve conceptual skills of managers for the future job' is true. The right answer is a.
The goals and content of training and development are different from one another. While "development" refers to a long-term method through which managerial personnel understand conceptual and theoretical knowledge for broad reasons, "training" is a short-term process through which non-managerial personnel acquire technical knowledge and skills for a specific purpose.
Development covers the process through which managers and executives build capacity for both future managing roles as well as skills and competence for their current ones.
The correct answer is option a.
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The government is supposed to look out for the consumer when a new product or service is introduced to the market. This role of government is that of _____.
one that reallocates income
a source of public good
a supervisory body
an entrepreneurship
Answer:
the correct answer is "a supervisor body" have a great day. also can I get brainliest?
The government is supposed to look out for the consumer when a new product or service is introduced to the market. This role of government is that of a supervisory body. Option (c) is correct.
What is a supervisory body?Supervisory body a designated or authorized group charged with administering the organization's regular business operations, special projects, or other duties.
Government oversight, or control, takes the form of decisions made by the administration, the legislative, and even the court. Government oversight has an impact on a company through its facilities and oversight of an organization's management, accounting, and entrepreneurial operations.
The four roles of management, development, mediation, and support are all included in supervision.
Therefore, Option (c) is correct.
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12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.
1. Paid Office Station Co. for part of the debt incurred on April 5, $1,200.
Debit: Accounts Payable - Office Station Co.$1,200
Credit: Cash $1,200
2. Provided services on account, $4,200.
Debit: Accounts Receivable $4,200
Credit: Service Revenue $4,200
To pay off the remaining balance owing to Office Station Co., a debit is sent to the accounts payable account. To account for the cash outflow, the Cash account is credited. This journal entry records the settlement of a portion of the debt incurred on April 5 with Office Station Co.
The acknowledgment of revenue for services rendered to a client on the account is represented by this journal entry. To reflect the increase in the amount due by the client, the Accounts Receivable account is debited.
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The complete question is probably
Write journal entries
12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.
Describe how sales and consumer-related legislation and regulations affect the delivery of customer service
Health and safety legislation affects customer service delivery as it requires staff in an organization to ensure the safety of themselves and others, and act responsibly.
There are many perspectives like Changes to tax regulations and rates can have a significant impact on a business. For example, a fall in the rate of corporation tax reduces the amount of tax that corporations have to pay on their profits.
Customer service staff who deal with customers should know about the impacts and effects of legislation and regulations that protect the consumer when buying goods and services.
Governments issue regulations related to environmental practices, employee practices, advertising practices, and much more.
Government regulations affect how companies structure their businesses, where companies decide to locate, how they classify their employees and thousands of other things.
Environmental regulations, intended to protect human health and the environment, generally result in higher production costs and lower productivity in firms, which can lead them to shift investment and production to less stringent locations.
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One student made the incomplete diagram shown below to represent the relationship between magma, igneous rocks, and metamorphic rocks: three ovals, labeled from left to right, metamorphic rock, magma, and igneous rocks respectively. Which of these is the correct next step to complete the diagram? Put an arrow labeled cools and crystallizes, pointing from igneous rocks to metamorphic rocks. Put an arrow labeled cools and crystallizes, pointing from metamorphic rocks to igneous rocks. Put an arrow labeled heat and pressure, pointing from igneous rocks to metamorphic rocks. Put an arrow labeled heat and pressure, pointing from metamorphic rocks to igneous rocks
Answer:
a
Explanation:
Answer:
C
Explanation:
I took the test.
A can't be because that would be Magma to Igneous rocks
B either because metaphoric rocks are getting with a high temperature and, as B says "cooling" well, that can't be the option.
D cannot be because that should be in reverse due preassure gets things with a high temperature and... well, xd.
So answer is C
give me brainliest pls :3
A plank 4.7 m long and weighing 118 N has its left end resting on a block and the other end supported by a rope. The plank is in the horizontal position. If the greatest tension the rope can withstand is 435 N, how far from the block can a 51.0 kg girl walk out on the plank before the rope breaks?
Distance walked by the girl before the rope breaks is : 3.53 m
Given data
Length of plank = 4.7 m
Mass of plank = 118 N
Greatest tension the rope can withstand = 435 N
mass of girl = 51.0 kg
Determine distance walked by the girl before the rope breaksFirst step : balance the torque to determine the distance x
mg * x + 118 * 2.35 = 435 * 4.7 ----- ( 1 )
where ; x = distance of the girl from point A , Also 118 N willact on the center of mass of the plank hence ( length of plank / 2 = 2.35 m )
Back to equation ( 1 )
( 51 * 9.81 ) x = 2044.5 - 277.3
therefore : x = 3.53 m
Hence we can conclude that Distance walked by the girl before the rope breaks is : 3.53 m
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A city block has several different clothing stores that offer a variety of options
to shoppers. What kind of market structure most closely describes this
situation?
A. Monopoly
B. Oligopoly
C. Monopolistic competition
D. Pure competition
Answer:
C. Monopolistic competition
Explanation:
Monopolistic competition describes a type of market structure with many firms competing, but each sells a slightly different product. In this case, there are several stores offering a variety of products to customers. This implies competition among sellers and differentiated products. Other features that identify a monopolistic competition include
A large number of buyers and sellers:There are no restrictions to entry and exit of Firms:sellers have differentiated Products Each firm can set its price.Answer:
Monopolistic competition
Explanation:
ape.x
List five potential conflicts that ANY employee of the company could face, be it sales
staff on the floor or management staff in the office, or even a warehouse worker that ships
products to the outlet store.
U ever get this solved? I need it too
Explanation:( NOT AN ANSWER)
In recent years, hours of market work have declined and leisure time increased. This trend
a. causes GDP to rise.
b. causes GDP to fall.
c. does not improve the well-being of people because they do not value leisure.
d. is not accounted for in GDP.
Explanation:
option B.........i guess
The study of economics is nothing but the study of a tree and a forest. Discourse with respect to branches of economics
The study of economics involves the examination of individual components represented by branches and the analysis of the broader system represented by the forest.
How does the study of economics relate to a tree and a forest?Just as a tree consists of various branches that connect and support each other, the study of economics comprises different branches that explore specific aspects of the economy. These branches including microeconomics, macroeconomics and international economics focus on understanding and analyzing elements of economic behavior and systems.
The interplay between the various branches of economics contributes to comprehensive understanding of how individual economic decisions and activities collectively shape the broader economic system. By studying both the branches and the forest, economists can gain insights into the intricate relationships.
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In a traditional economy, decisions about which goods are produced are
based on:
O
A. what businesses believe will generate the most profits.
B. what the government decides is important for society.
ОО
C. what the local community has made for generations,
D. what goods are most likely to sell in international markets.
Our new catalog contains an eclectic collections of items good dot I really enjoy selling broad range of products good. We really need to update our collection to flake the latest consumer trends. Good I enjoy talking to new technologies. I hope we have some American made products as well. Good I enjoy selling electronics.
This part of the statement represents a company. The entrepreneur's vision of the new catalog and his need to update the collection for new consumer trends represents a need for innovation.
What is innovation in a company?It corresponds to the technological development of processes, products and services, combined with the improvement of organizational systems in accordance with market needs.
Therefore, innovation is essential for every organization in a globalized world, as new products and services increase brand value, positioning and competitiveness.
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7- The cash records of a company show the following consecutive transactions:
- The June 30 bank reconciliation indicated that deposits in transit totaled X TL. During
July the general ledger account for “Cash” shows deposits of 10.600 TL, but the bank
statement indicates that only 9.840 TL in deposits were received during the month.
- In August, deposits per the bank statement totaled 30.600 TL; deposits per books
35.000 TL and deposits in transit at August 31 were 9.500 TL.
What was X?
a) 4.340 TL
b) 5.100 TL
c) 13.140 TL
d) 1.260 TL
8- Suppose that, as a fund manager, you purchase 5.000 bonds of Company X on 1 Jan.
2022 for 1.000 TL each in order to earn coupon payments or sell when available.
Simultaneously, you also purchase 4.000 bonds of Company Y for 750 TL each for trading
purposes. The price of the bonds of Company X increases to 1.200 TL first, but after
some days it drops to 1.120 TL and you immediately sell half of the bonds. On the other
hand, the price of the bonds of Company Y drops to 700 TL first, but after some days it
increases to 760 TL and you immediately sell half of the bonds. Assuming that there are
no more price movements throughout the year, what would be the profit or loss as of
the year end?
a) 300.000 TL profit
b) 200.000 TL loss
c) 220.000 TL profit
d) 120.000 TL loss
7. The deposit-in transit for the month of July will be 4.310 TL. The correct answer is option A.
8. The profit or loss as of year end will be 560.000 TL. None of the given option is correct.
A deposit in transit is money that a corporation has received and documented in its accounting system. The money has already been delivered to the bank, but it has yet to be processed and credited to the account.
The deposit in transit for July is calculated as:
Deposit in transit for July = Cash deposits in the year - Amount as per bank statement
=10600-9840 = 760TL
The excess deposit in transit for August :
Deposit in transit for August = Cash deposits in the year - Amount as per bank statement- Deposit-in- transit
= 35,000 TL -30600TL-9500
= 5100TL
Gain for Company X is =5,600,000- 5,000,000 = 600,000 TL.
Loss for Company Y = 3,000,000TL -3,040,000TL = 40,000TL
∴Net profit or loss = 600,000-40,000 =560,000TL.
Therefore, deposit in transit for June will be 4340 TL(5100-760).
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You are considering a project which has been assigned a discount rate of 5 percent. If you start the project today, you will incur an initial cost of $4,100 and will receive cash inflows of $2,900 a year for 2 years. If you wait one year to start the project, the initial cost will rise to $4,320 and the cash flows will increase to $3,257 a year for 2 years. What is the value of the option to wait
Answer:
$361.14
Explanation:
start the project today:
initial outlay = -$4,100
cash flow year 1 = $2,900
cash flow year 2 = $2,900
NPV = -$4,100 + $5,392.29 = $1,292.29
if you start the project in one year:
initial outlay year 1 = -$4,320
cash flow year 2 = $3,257
cash flow year 3 = $3,257
NPV year 1 = -$4,320 + $6,056.10 = $1,736.10
value of option to wait = ($1,736.10 / 1.05) - $1,292.29 = $361.14
Schoene Company reports its inventory at replacement cost. This is an application of the measurement attribute of: ________
Answer:
Current cost
Explanation:
Dr. Doolittle, an economist, assumes that if two events seem to have a statistical correlation, one must necessarily cause the other. Which of the following reasoning errors is being committed here?
The fallacy of generalization.
The fallacy of common goods
The fallacy that correlation is causation.
The fallacy of exclusion
If Dr. fDoolittle, an economist, assumes that if two events seem to have a statistical correlation, one must necessarily cause the other. The reasoning errors that is being committed here is: The fallacy of generalization.
What is fallacy of generalization?Fallacy of generalization can be defined as the process in which conclusion is be reach without a prove as to how the conclusion was drawn.
The economists has committed Fallacy of generalization reasoning error based don the fact he assumes or generalized that if two events have a correlation, one must necessarily cause the other without a prove.
Therefore If Dr. fDoolittle, an economist, assumes that if two events seem to have a statistical correlation, one must necessarily cause the other. The reasoning errors that is being committed here is: The fallacy of generalization.
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An income statement compares: a) revenue and sales. b) sales and expenses. c) expenses and assets. d) assets and liabilities
The purpose of an income statement is to compare b) sales and expenses.
What is an income statement?An income statement is a financial statement that a company uses to find out how much profit they have made over the course of an operating period which is often a year.
The first entry into an income statement is sales. This can also be called service revenue for service providing companies. Expenses are then deducted from this revenue to find out the net income. This means that an income statement compares revenue / sales and expense.
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Item1 0.41 points Item Skipped eBookAskPrintReferencesCheck my workCheck My Work button is now enabledItem 1 Problem 10-42 (LO 10-1) (Algo) Brittany started a law practice as a sole proprietor. She owned a computer, printer, desk, and file cabinet she purchased during law school (several years ago) that she is planning to use in her business. FMV at Time Purchase Converted to Asset Price Business Use Computer $ 5,800 $ 4,100 Printer 3,600 3,450 Desk 4,500 4,300 File cabinet 3,500 3,525 Using the above information, what is the depreciable basis that Brittany should use in her business for each asset
Calculating Income Tax Expense
Given the following.
Taxable Income $400k
Future taxable amounts $30k
Future deductible amounts $50k
Beginning Balances DTA $10k
Beginning Balances DTL $40k
Tax rate 30%.
1. What is the income tax expense?
2. What is the DTA year end balance?
3. What is the DTL year end balance?
4. What is the income tax expense?
5. What is the originating/reversing amount for the future taxable amount and for the deductible amount of the current year?
The income tax expense is $120k
The DTA year-end balance is $10k
The DTL year-end balance is $40k
The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
How to Solve the Problem?1. To calculate the income tax expense, we need to first calculate the taxable income.
Taxable Income = $400k
Tax rate = 30%
Income tax expense = Taxable Income * Tax rate
Income tax expense = $400k * 30% = $120k
2. The DTA (Deferred Tax Asset) year-end balance can be calculated as follows:
Beginning Balance DTA = $10k
Future deductible amounts = $50k
Origination amount for the deductible amount = $50k * 30% = $15k
Reversing amount for the deductible amount = $15k
DTA year-end balance = Beginning Balance DTA + Origination amount - Reversing amount
DTA year-end balance = $10k + $15k - $15k = $10k
3. The DTL (Deferred Tax Liability) year-end balance can be calculated as follows:
Beginning Balance DTL = $40k
Future taxable amounts = $30k
Origination amount for the taxable amount = $30k * 30% = $9k
Reversing amount for the taxable amount = $9k
DTL year-end balance = Beginning Balance DTL + Origination amount - Reversing amount
DTL year-end balance = $40k + $9k - $9k = $40k
4. The originating/reversing amount for the future taxable amount and the future deductible amount of the current year have already been calculated in questions 2 and 3. The origination amount for the future taxable amount is $9k, and the reversing amount is also $9k. The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
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You are a media liaison officer for the sporting brand Hi-Tech. You have been tasked with developing a social media campaign to promote and create awareness for Hi-Tech’s ‘One’ campaign. Based on the information provided in the article, choose a social media platform (only one) that you feel will be most suited for achieving success. Your discussion must include the following: 2.1 Outline a mission and vision statement that you will use to guide your social media campaign.
A social media campaign is a planned marketing activity that uses one or more social media channels to support or further a company objective.
A campaign's greater emphasis, targeting, and measurability set it apart from regular social media initiatives. Place all the tracking mechanisms in place before launching a campaign. There are several free social media marketing tools available that measure shares, retweets, likes, and brand-related keywords.
Set goals for the campaign and arrange a firm deadline after a baseline has been established. Firm start and finish dates are essential for a) controlling expenses and mission creep, and b) evaluating results before and after the campaign.
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Walks Softly currently sells 14,800 pairs of shoes annually at an average price of $59 a pair. It is considering adding a lower-priced line of shoes that will be priced at $39 a pair. The company estimates it can sell 6,000 pairs of the lower-priced shoes annually but will sell 3,500 less pairs of the higher-priced shoes each year by doing so. What annual sales revenue should be used when evaluating the addition of the lower-priced shoes?
what principles of management are about.
The Principles of Management act as a road map for managerial decisions and activities. After years of research, Henri Fayol was able to compile a list of 14 management principles.
The 14 Principles of Management of Henri Fayol are Division of Work, Unity of Command, Unity of Direction, Discipline, Subordination of Individual Interest, Remuneration, Order, Authority and Responsibility, The Degree of Centralization, Scalar Chain, Initiative, Equity, Stability of Tenure of Personnel, Esprit de Corps.
Forecasting, planning, process management, organization management, numerous project management methodologies, decision-making, coordination, and control are all tasks that can be accomplished using the 14 management concepts.
Many of these issues, despite being evident, are nevertheless employed in common sense-based management techniques in firms today. It is still a useful list of areas of emphasis based on Henri Fayol's study, which is still relevant today because of a few logical precepts.
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The efficiency of the typist is known to be 50 words/minute with standard deviation 5 words/minute she is given a new training in 36 tests. She is scored an average of 52words/minute. Do you conclude that the training has improved her speed at 0.05?
Based on the given data, we can conclude that the training has significantly improved the typist's speed at a significance level of 0.05.
How to determine if the training has improved her speed at 0.05To determine whether the training has improved the typist's speed significantly, we can perform a hypothesis test using the given information. We will use a significance level of 0.05, which means that we are willing to accept a 5% chance of making a Type I error (incorrectly concluding that the training has improved the speed when it actually hasn't).
Let's set up the null and alternative hypotheses:
Null hypothesis (H0): The training has not improved the typist's speed. μ = 50 words/minute.
Alternative hypothesis (H1): The training has improved the typist's speed. μ > 50 words/minute.
To test these hypotheses, we can perform a one-sample t-test since we know the population standard deviation.
The test statistic for a one-sample t-test is given by:
t = (xbar - μ) / (s / √n),
where xbar is the sample mean, μ is the hypothesized population mean, s is the standard deviation, and n is the sample size.
In this case, xbar= 52 words/minute, μ = 50 words/minute, s = 5 words/minute, and n = 36.
Let's calculate the test statistic:
t = (52 - 50) / (5 / √36) = 2 / (5 / 6) = 2 * 6 / 5 = 12 / 5 = 2.4.
Next, we need to find the critical value corresponding to a significance level of 0.05. Since the alternative hypothesis is one-sided (μ > 50), we will find the critical value from the t-distribution with degrees of freedom (df) equal to n - 1 (36 - 1 = 35) and a one-tailed significance level of 0.05.
Using a t-table or a t-distribution calculator, the critical value for df = 35 and a one-tailed significance level of 0.05 is approximately 1.691.
Since the test statistic (2.4) is greater than the critical value (1.691), we reject the null hypothesis. This means we have sufficient evidence to conclude that the training has improved the typist's speed at a significance level of 0.05.
Therefore, based on the given data, we can conclude that the training has significantly improved the typist's speed at a significance level of 0.05.
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