Answer:
customer excellence
Explanation:
The night clerk is not in charge of looking for dry cleaners, he is not Maria's personal assistant nor does he own or operate a dry cleaning service. So the fact that he did more than his job requires him to do, exemplifies how Ritz-Carlton's employees are committed to providing excellent customer service. That small extra effort can really make a difference.
In the context of the new products process, which of the following best defines a full screen? a. It refers to unsolicited ideas for concept generation that pour in through spam mails. b. It refers to the formal type of evaluation where all views are evaluated using a scoring model. c. It refers to a set of ideation tools that can be used to generate new concepts. d. It refers to a comprehensive business analysis that is conducted before idea generation.
Answer:
It refers to the formal type of evaluation where all views are evaluated using a scoring model.
Explanation:
All ideas for new products are fully screened. It is the last evaluation before product development, uses as scoring models and checklist.
The aim of full screen is to ensure efficient use of resources on product development that is viable.
Whether the trade balance is positive (surplus) or negative (deficit) is important because it provides a measure of the financing needs of a particular country. Hence, the trade balance is more important than the current account balance. True or false?
Answer:False
Explanation:The trade balance is not more important than current account balance. They are different concepts.
The balance of trade is a tool use to measure the relative strength of a country's economy by economist.
The balance of trade can measured by the examination of the difference between the value of a country's imports and the country'# exports for a given period. The balance of trade is happens to be the largest fraction in component of a country's balance of payments.
David works for a small company with a very tight budget. He needs to conduct research but has little to no funds to spend on collecting the data. Choose the types of organizations that can provide David with free, publicly available data:___________
Final answer:
David can access free, publicly available data from government statistics, public opinion polls, and academic research.
Explanation:
David, as a student with a tight budget, there are several types of organizations that can provide you with free, publicly available data for your research:
Government Statistics: National governments, including the United Nations and other international organizations, collect and publish comprehensive social statistics. You can visit their websites or publications catalog for the relevant data.Public Opinion Polls: News and political organizations often conduct opinion polls on various topics. You can find these poll results in archives like ICPSR or through university library subscriptions.Academic Research: Social science researchers gather data as part of their studies, and the results are published in academic literature. You can search the major article databases to find articles containing summary data, and often obtain the complete datasets from the original researchers.If uncollectible accounts are determined by the aging of receivables method to be $1,150, the uncollectible account expense for 2014 would be $350. The balance of the allowance account after the adjusting entry would be?
Answer:
the blaance after the adjusting entry will be of 1,150
as the aging method determinates the allowance based on accounts receivables the amount of 1,150 is the amount we should get at year-end
Explanation:
When the allowance is determinate there are two types of method:
those who when calculate give the amount of the adjustment:
percentage of sale
percentage of credit sale
That's because those are calcualte base on a flow.
and those who give the amount after adjustment and the adjustment is made to reach that amount:
aging method
percentage of account receivable
These are calcualte based on the "stock" of accounts receivables
When hotel management establishes no-smoking floors, bar managers no longer allow happy hours with free drink specials, and resort managers eliminate pollution from their properties, the ________ concept is being employed.a. Marketing
b. Product
c. Societal marketing
d. Manufacturing
Answer:
Correct option is (c)
Explanation:
Apart from meeting consumer needs and wants and earning profits, corporation also focus uplifting the society or betterment of the society. The marketing techniques deployed for development of society is called societal marketing.
Since business activities are carried out with the resources available in the society, it is its responsibility to work for the development of society. As such, by eliminating pollution, the hotel management is employing societal marketing as it aims at improving environmental conditions for the benefit of the society.
At december 1, 2017, novak corp. accounts receivable balance was $20500. during december, novak had credit sales of $54900 and collected accounts receivable of $43920. at december 31, 2017, the accounts receivable balance is
Answer:
$78320
Explanation:
Given That:
Opening Balance of Accounts Receivable as on Dec 1, 2017 = $20500
Credit Sales Made during the month = $54900
Collection from Accounts Receivables during the month = $ 43920
Closing Balance of Accounts Receivables as on Dec 31, 2017 = Credit Sales made during the month + Amount collected from Accounts receivables - Opening balance of accounts receivables
Closing Balance = 54900 + 43920 - 20500
Closing Balance = $78320
The ending accounts receivable balance for Novak Corp. as of December 31, 2017, is calculated by adding the credit sales to the beginning balance and then subtracting the collections. After performing this calculation, the ending balance is determined to be $31,480.
Explanation:The student is asking how to calculate the ending accounts receivable balance for Novak Corp. at the end of December 2017. We begin with the beginning balance of accounts receivable on December 1, 2017, which was $20,500. During December, the company had credit sales of $54,900 which would increase the accounts receivable, and they collected $43,920 which would decrease the accounts receivable.
To find the ending balance on December 31, 2017, we perform the following calculation:
Start with the beginning balance of accounts receivable ($20,500).Add the total credit sales for December ($54,900).Subtract the amount collected from accounts receivable ($43,920).The formula is Beginning Balance + Credit Sales - Collections = Ending Balance
Therefore, the calculation is $20,500 + $54,900 - $43,920 = $31,480. The ending accounts receivable balance for Novak Corp. on December 31, 2017, would be $31,480.
Additions to inventory are
a. counted as a component of investment spending.
b. counted as an intermediate input.
c. subtracted from sales revenue in calculating profit income.
d. not counted as an expenditure in GDP accounting.
Answer:
a. counted as a component of investment spending.
Explanation:
Inventory is A comprehensive list of stuff such as assets, in-store merchandise or the building's contents.investment spending include investments such as equipment, property, manufacturing inputs or facilities. Investment spending must not be mistaken for investments which relates to buying financial instruments.
Splish Brothers Inc. purchased equipment for $18000 on December 1. It is estimated that annual depreciation on the computer will be $3600. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:
Answer:
The entries must be for recording the purchase of the asset:
Dr Fixed Asset $18,000
Cr Cash or Bank Account $18,000
The entry shows the decrease and one asset and increase in the other asset. If the asset is increased then it must be debited (FIXED ASSET) and if it is decreased then it must be credited (CASH).
The entry required to require depreciation would be:
Dr Depreciation Expense $3600
Cr Accumulated Depreciation $3600
The depreciation is an expense and increase in expense is always debited whereas the accumulated depreciation account is contra asset account and is credit in nature and its increase must be credited.
Which of the following is a marketing metric used to analyze website traffic and tracks the number of visitors who enter a site, and then leaves it? A. Bounce rate B. Sampling C. Predictive technology D. Cookies E. Longitudinal design
Answer:
A. Bounce rate is the correct answer.
Explanation:
Bounce rate is a kind of network analytics that measures the percentage of the people visiting and leaving the website.The bounce rate is one of the major metrics which is used to know how properly the website is working.The bounce rate is determined by tracking the total number of single-page visits and then dividing it by the entire visits.You are a professor of economics at a university. You've been offered the position of serving as department head, which comes with an annual salary that is $7,500 higher than your current salary. However, the position will require you to work 200 additional hours per year. Suppose the next best use of your time is spending it with your family, which has value of $10 per hour.
The change in net benefit is $___
Answer:
$5,500
Explanation:
Given that,
Increase in salary from switching a job = $7,500 but have to invest additional 200 hours per year
and the opportunity cost of spending this time with the family:
= $10 per hour × 200 hours
= $2,000
Therefore, the net benefit is as follows:
= Amount of increase in salary - opportunity cost
= $7,500 - $2,000
= $5,500
Hence, the change in net benefit is $5,500.
The following data is available for BOX Corporation at December 31, 2017: Common stock, par $10 (authorized 30000 shares) Treasury stock (at cost $15 per share) Based on the data, how many shares of common stock are issued? $270000 $1200 a. 26920.b. 29920. c. 30000. d. 27000.
Answer:
A) 26920
Explanation:
Issued common stock with par $10, total $270,000. The total number of issued stocks = $270,000 / $10 per stock = 27,000 stocks
Stocks held in Treasury = $1,200 / $15 per stock = 80 stocks
The total number of outstanding stock = total number of issued stocks - stocks held in Treasury = 27,000 stocks - 80 stocks = 26,920 stocks
To determine the number of issued shares of common stock, subtract the number of treasury stock shares from the authorized shares. The answer is 29,920.
Explanation:To determine the number of shares of common stock that are issued, we need to subtract the number of treasury stock shares from the authorized shares. From the provided information, we know that the authorized shares are 30,000 and the treasury stock shares are purchased at a cost of $15 per share. The calculation would be as follows:
Issued Shares = Authorized Shares - Treasury Stock Shares
Issued Shares = 30,000 - (Cost of Treasury Stock / Cost per Share)
Issued Shares = 30,000 - (1,200 / 15)
Issued Shares = 30,000 - 80
Issued Shares = 29,920
Therefore, the number of shares of common stock that are issued is 29,920.
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A nonsolicitation clause prohibits employees from: a. Using or disclosing any of the employer's trade secrets b. Competing with the former employer for some period of time c. Engaging in any business activities unrelated to the employee's job d. Recruiting former coworkers to join the new enterprise
Answer:
D. Recruiting former coworkers to join the new enterprise
Explanation:
A Non solicitation agreement is an agreement that restricts or prohibits a former worker or employee of an organisation from soliciting their former co workers or customers of their ex- employer for their own benefit or the benefit of the organisation's competitors .
it restrict the use of the customer of their ex - employer for their own personal business or the business of the new enterprise in which they find themselves.
Answer:
d. Recruiting former coworkers to join the new enterprise.
Explanation:
A nonsolicitataion clause is an agreement between and employer and an ex-employee that prohibits the employee from soliciting the employer's clients, or contacts for personal gain after leaving the company. Employee should not also recruit former colleagues to move to another employment.
Which statement is correct?
1. A portfolio that contains at least 30 diverse individual securities will have a beta of 1.0.
2. Any portfolio that is correctly valued will have a beta of 1.0.
3. A portfolio that has a beta of 1.12 will lie to the left of the market portfolio on a security market line graph.
4. A risk-free security plots at the origin on a security market line graph. An underpriced security will plot above the security market line.
Answer:
An underpriced security will plot above the security market line.
Explanation:
A security market line is plotted from capital asset pricing model(CAPM) equation that shows relationship between return of a stock and beta coefficient. An underpriced security means that it is sold below its intrinsic value hence its rate of return is higher than the return calculated by CAPM. Since the existing rate of return is higher, it will plot on the right side of the security market line which means it's above it.
Elle's Elephant Shop sells giant stuffed elephants for $55 each. Elle incurs $10 of variable costs for each elephant and a total of $700 fixed costs. Assuming Elle will sell 35 elephants this month, which of the following statements are true?a.Profits=$875b.Total costs=$1250c.Total variable costs=$350d.Total sales=$1925
Answer:
875 45x55-700 =875.....
Answer:
total variable costs = $350
total sales = $1,925
profits = $875
Brian, the operations manager in a company that manufactures light bulbs, calculates the daily productivity at the factory by determining the amount of tungsten filaments required to produce a light bulb. In this scenario, Brian calculates _____
a) partial productivity
b) internal service quality
c) multifactor productivity
d) the service recovery ratio
Answer:
A) partial productivity
Explanation:
partial productivity refers to smaller parts of company operations that can be used as a standard of measurement to gauge company's productivity as a whole.
in the example above, Brian examine the number of tungsten filaments.
Even though number of tungsten filaments alone cannot be used to measure company's productivity as a whole, higher number of tungsten filaments usually correlate with finished products that can be sold to the customers. Which means that this smaller part of company's operation can be used to gauge company's overall productivity.
The Texas economy:
The widespread economic downturn of the past decade was marked by job loss and decreased consumer spending nationwide. Additionally, many parts of the economy are undergoing massive changes as new business types emerge and mature. The quest for the "next big thing" in tech brings many to a major event in Texas each year.
Historically, the state of Texas has gone through periods of boom and bust primarily related to fluctuations in the price of___________ . The attempts made to diversify the state's economy have helped maintain area real estate values and financial fortunes in a time of international economic tumult.
Answer:
Oil
Explanation:
Crude oil is the main economic product in Texas and because of the fast cash that can be made from oil the economy is finding it hard to diversify into other sources of economic wealth. Fluctuations in oil prices generally control the economy.
Recently tech companies have become another booming source of business in Texas.
"Sally is a real estate broker. Among her acquaintances is a motel clerk named Tom who gives Sally the names of people moving to town. In exchange Sally pays Tom a stipend for the names. Tom does not hold a real estate license. Is this a legal practice?
Answer:
This is not a legal practice, since Tom needs a real estate license in order to refer any prospective buyers. The law is very clear about the fact that any action involving the procuring of prospects requires a license.
In real life, unless Sally tries to deduct from her taxes the stipend she gives Tom, no one will do anything about this. Even if she does try to deduct that money, the IRS will only reject her deduction. Information is extremely valuable for any business and Tom is a great source of information.
Ashlyn is a single person with no dependents. She normally receives over $1,800 every year for an income tax refund. She is having difficulty paying her monthly bills every month. What tax advice would you give her?
Answer:
Ashlyn can increase her exemptions through her w-4 form at her place of work
Explanation:
The Form W-4 represents a tax related form which gives an employer the amount to be withheld from an employee's paycheck. The W-4 form is labelled the Employee's Withholding Certificate. It is the responsibility of the employee to fill his/her w-4 form as such, the employer will use the filled form to compute payroll taxes to be submitted to the IRS on behalf of the employee.
Ashlyn is therefore, has the option of increasing her exemptions lowering her tax bills for the year helping her pay her monthly bills.
The president, chief financial officer, and chief operating officer of Jensen Mfg. meet annually to discuss the direction of the company including what products they will continue to offer and what new products they will introduce. Which level of strategic management does this represent?
A. functional-level
B. task-level
C. corporate-level
D. business-level
Answer: C. Corporate-level
Explanation: Corporate-level strategy are strategies Implemented by most Corporations in order to set a strategic agenda for the organization. Most Corporate level strategy are meant to be implemented in all units and areas of a business organization. Corporate-level strategy are dynamic in nature,they can be changed based on prevailing market conditions which may pose some threat to the full Implementation of the strategy, Corporate-level strategy are also meant to last a long time.
A doctor for the Benson Family Practice performs a sports physical exam for Allison Smythe on February 1. The charge for the exam is $100; Smythe's insurance company, Cardinal Health, is billed for the entire $100 on February 1. Cardinal Health receives the invoice on February 2, and enters the amount into its payment system on February 4. Benson Family Practice receives the $100 payment from Cardinal Health on February 20. On which date would Benson Family Practice recognize the revenue for the Smythe's physical?
A. February 2
B. February 4
C. February 20
D. February 1
Answer:
The option D is correct
Explanation:
The Doctor must recognize the revenue on first February because the consideration for performing the test is delivered to the party to the contract on February 1. So the revenue must be recognized on that date.
Soon after Jeff was hired as a company accountant, his company developed corporate programs to help improve self-confidence and qualifications of diverse employees so they could "fit in." During which period of time did Jeff start working for his employers?
early 1980s T/F
Answer:
True (early 1980s)
Explanation:
A telecommunications company is impacted by government regulations of the wireless spectrum, cell tower locations, and Internet accessibility. The company decides to hire a lobbying firm to represent its interests with the U.S. government, specifically the FCC, FTC, and Congress. This is an example of a company managing which forces in the macroenvironment?
Answer:
Political and legal forces
Explanation:
The external environment of an organization wherein it operates is referred to as it's macro environment. Macro environment can be explained by the acronym PESTLE, which can be explained as Political factors, Economic factors, Socio cultural factors, Technological factors, Legal factors and Ecological factors.
In the given case, the macro factor affecting the company is it's political and legal environment. Political environment refers to the political dynamics and legal environment includes legal framework such as laws and rules enacted.
Here, the company is impacted by government regulations (Political factor) and hires a lobbying firm (Legal factor) to represent it's interests with the U.S government.
Ashley opened an all-you-can-eat buffet restaurant. The cost per-person was based upon what Ashley believed an average restaurant patron would consume. The restaurant began to lose money. Ashley concluded that her patrons had "above average" appetites, and were attracted to her restaurant because they could eat as much as they wanted while being charged an average price. A similar phenomenon exists in insurance markets. This problem is called
A. moral hazard.
B. adverse selection.
C. morale hazard.
D. fundamental risk.
Answer:
B. adverse selection.
Explanation:
Because, the restaurant price is a flat fee the person which find this attractive are those who eat above average.
Liek a life insurance per life will be taken with people who's life expectancy is above average, the same occrus here.
People who eat less than average will have less incentive to go
while above average move incentive thus, the "real" average including the adverse selection qualms should be more higher than the average across all consumers.
A local clinic (institution) in need of more Purell antibacterial soap might purchase from Target, which is a ______ of soap, whereas a local high school (institution) in need of more textbooks might buy some from McGraw-Hill, which is a ______.
Answer:
The target is a re-seller
McGraw-Hill is a manufacturer
Explanation:
Purchasing Purell antibacterial soap from a target is re-seller, meaning the target is neither the producer nor the distributor of products but haven given name of such company like McGraw-Hill, one will know that McGraw-Hill is major publisher of books and their books are well local high school around the world. This makes the local high school that might bought from McGraw-Hill buying from a manufacturer
Final answer:
A clinic would likely buy Purell antibacterial soap from a retailer like Target, while a high school would purchase textbooks from a publisher such as McGraw-Hill. Soaps are considered disinfectants and must be chosen carefully to avoid environmental and health risks. Institutions must understand market demand and competitors when procuring such supplies.
Explanation:
A local clinic in need of more Purell antibacterial soap might purchase from Target, which is a retailer of soap, whereas a local high school in need of more textbooks might buy some from McGraw-Hill, which is a publisher. Clinics and schools, as institutions, often have to procure supplies that are essential to their operations, and they typically turn to specific types of businesses depending on their needs. For hygiene products like soap, a retailer is the go-to source, while educational materials like textbooks come directly from the publishers that produce them.
Soaps are vital in maintaining hygiene and are classified as disinfectants. They are not only widely used but are also environmentally friendly since they are biodegradable and do not lead to pollution. However, the use of mercury-based compounds and ingredients such as triclosan has been scrutinized due to health and environmental concerns, with triclosan posing risks similar to that of antibiotics rather than traditional disinfectants.
Understanding the market for these products is essential for institutions as well as companies. This involves recognizing the number of competitors already present in the market, the potential demand for the product, whether it's soap in a clinic or textbooks in a school, and the requirements for starting or expanding a company within this market.
Mainline Ltd. is a landline telephone manufacturer whose average return on invested capital is approximately 2 percent. Because demand for landline telephones has declined significantly, the industry average return on invested capital has been negative (–5 percent) for the last few years. In this scenario, Mainline Ltd. has a:
Answer:
competitive advantage
Explanation:
In industry, the quality that helps a company to surpass its rivals, is called its competitive advantage. A competitive advantage might include availability of resources, like higher-grade ores as well as small-cost energy sources, highly qualified workers, geographical position, high entry hurdles and access to better technologies.
When it comes to explaining competitive edge, the value proposition is essential. When the value proposition is successful, that is, when the value concept provides higher and more consistent value to consumers, it can yield a significant advantage either in the good or service. The value proposition will rising the perceptions and preferences of the customers.
In the expenditure cycle, good control dictates that expenditures should be paid by check. This may not be feasible when minor purchases are made. To facilitate quick payment for minor purchases, a(n) ________ should be set up and maintained using ________.A) special bank account; disbursement vouchersB) imprest fund; vouchersC) cash box; small denomination billsD) petty cash fund; procurement cards
Answer:B) imprest fund; vouchers
Explanation:Imprest Fund is a small amount of money kept aside in a box,a container or a locker,it is usually managed by a custodian or the owner of the money to handle or manage incidents or unexpected situations. Most organisations give Imprest funds to certain Departments to manage unplanned and incidental occurrence.
Vouchers are a piece of note or printed paper that are used in exchange for cash, especially as it relates to imprest expenditures. Vouchers will help to create a form of control and monitoring on the use of imprest funds.
Answer:
To facilitate quick payment for minor purchases, a PETTY CASH FUND should be set up and maintained using RECEIPTS.
Explanation:
There is a mistake on the question, the actual cash is assigned to the petty cash fund, but the system that controls the petty cash fund is called the imprest system. The term imprest system is a very old term that refers to recording and replenishing the petty cash fund.
Initially a certain amount of money is set up as a petty cash fund and recorded under the petty cash account. Then as small expenses are paid using that money, they have to be recorded in receipts (or vouchers if you are British). Then as the petty fund is used up, the receipts are added and recorded, and then the fund is replenished.
How can the use of new technology in industry benefit the US government?
A. The government can purchase materials from anywhere.
B. The government can rely on automation to reduce costs.
C. The government can react to economic changes quickly.
D. The government can transport goods around the world.
Answer:
All the statements are correct.
Explanation:
A and D are correct because better transportation technology means that the government can import (purchase materials) and export (transport goods) around the world with relative ease.
B is correct because automation means that machines can replace some humans in the labor force, and machines do not have to be paid a wage.
C is correct because if the government has advanced technology at its disposal, it can be at the forefront of tecnnological changes.
Answer:
The correct Answer is C
Explanation:
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According to the FASB’s conceptual framework, the quality of information that enables users to identify similarities in and differences between two sets of economic phenomena is:_______.
A. Comparability.
B. Matching.
C. Neutrality.
D. Conservatism.
Answer:
A) Comparability.
Explanation:
According to FASB, the objective of financial reporting is to provide information that is useful to existing and potential investors or creditors. One of the main uses given to financial reports is comparing one business to another. In order for the reports to be comparable, they must follow strict standards and be properly prepared.
If the reports aren't comparable, they use is extremely limited, since how else can you decide if investing in company A is a better idea than investing in company B. Comparability applies even to the same company, since you must be able to compare the financial results of different years in order to evaluate the performance of the company.
Louise Bragan has a sideline business of carving candlestick holders. She began by hand carving them with simple tools. On average, it costs $150 in materials, and miscellaneous costs ran $50 to produce 1,300 candlestick holders. She estimates that her labor cost was $200. What was her multifactor productivity to produce candlestick holders
Answer:
3.25 holder/$
Explanation:
Given:
Material cost = $150
Miscellaneous costs = $50
Labor cost = $200
Total production = 1300 candlestick
Multi-factor productivity = Output / (labor cost+ material cost+capital+Miscellaneous costs)Multi-factor productivity = 1300 / ($200+$150+$50)
Multi-factor productivity = 1300 / ($400)
Multi-factor Productivity = 3.25 holder/$
Final answer:
Multifactor productivity is calculated by dividing the total output by the sum of all input costs. In this case, the MFP for Louise Bragan's candlestick holders is 3.25 candlestick holders per dollar.
Explanation:
The student is asking about calculating the multifactor productivity (MFP) for Louise Bragan's candlestick holder business. To find the MFP, we need to divide the total output by the sum of all input costs. Based on the information provided, Louise has an output of 1,300 candlestick holders, and the combined input costs of materials and miscellaneous expenses amounts to $150 + $50, respectively. Additionally, her labor costs amount to $200.
To calculate the multifactor productivity, the formula is:
MFP = Total Output / (Materials + Labor + Miscellaneous Costs)Therefore, the MFP for producing the candlestick holders would be:
MFP = 1,300 candlestick holders / ($150 + $50 + $200)
MFP = 1,300 / $400
MFP = 3.25 candlestick holders per dollar
Bond issuance must be____________.A. approved by the board of directors.B. terms are set forth in a legal document called a bond indenture.C. contractual interest rate is also referred to as the stated rate.D. all of the answer choices are correct.
Answer:
D. all of the answer choices are correct.
Explanation:
the board of directors decides for the most important decision of the company As bonds sually will represent a long-term financing which a considerable weight in the capital structere iof the company they will decidwe the amount and terms of the bond.
Also, the firm will sing a contract which is called bond indenture with the bondholders to guarantee it will respect the condition.
the contractual interest is the coupon rate, nominal rate or stated rate of the bond it is fixed through the life of the bond unless, specify otherwise.