8. An executive conference center has the physical ability to handle 1,100 participants. However, conference management personnel believe that only 1,000 participants can be handled effectively for most events. The last event, although forecasted to have 1,000 participants, resulted in the attendance of only 950 participants. What are the utilization and efficiency of the conference facility?
Answers
1. The utilization of the conference facility with a maximum physical capacity of 1,100 participants is 0.86 (86%).
2. The efficiency of the conference facility is 0.95 (95%).
How is utilization different from efficiency?Efficiency is the percentage of the actual output to the expected output.
On the other hand, capacity utilization measures the maximum (theoretical or potential) capacity against the actual output.
Data and Calculations:Maximum capacity = 1,100 participants
Expected output = 1,000 participants
Actual output = 950 participants
Capacity Utilization = Maximum capacity/Actual output
= 0.86 (1,100/950)
Efficiency = Expected output/Actual output
= 0.95 (1,000/950)
Thus, while capacity utilization is 86%, the efficiency of the conference center is 95%.
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Related Questions
For the current year ($ in millions), Central Park Corp. had $80 in pretax accounting income. This included bad debt expense of $6 based on the allowance method, and $20 in depreciation expense. Two million in receivables were written off as uncollectible, and MACRS depreciation amounted to $35. In the absence of other temporary or permanent differences, what was Central Park's taxable income
Answers
Answer:
$69
Explanation:
Calculation for Central Park's taxable income
Pretax accounting income $80
Less Temporary differenceDepreciation (15)
($35 – $20)
Bad debt expense $4
($6 – $2)
Taxable income$69
($80-$15+$4)
Therefore Central Park's taxable income will be $69
Help ASAP Please! Accounting class! Lorge Corporation has collected the following information after its first year of sales. Sales were $1,575,000 on 105,000 units; selling expenses $250,000 (40% variable and 60% fixed); direct materials $606,100; direct labor $250,000; administrative expenses $270,000 (20% variable and 80% fixed); and manufacturing overhead $357,000 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year.
(See screenshots)
Answers
Answer:
Lorge Corporation
Contribution margin for the current year
= $315,000 ($3 per unit)
Contribution margin for the proposed year = $346,500
Fixed costs for the current year = $473,100
Break-even units = 157,700 units
Break-even sales dollars = $2,365,500
Explanation:
a) Data and Calculations:
Sales revenue = $1,575,000
Sales units = 105,000 units
Sales price per unit = $15 ($1,575,000/105,000)
Total Variable Fixed
Selling expenses = $250,000 $100,000 (40%) $150,000 (60%)
Direct materials $606,100 606,100
Direct labor $250,000 250,000
Administrative expenses $270,000 54,000 (20%) 216,000 (80%)
Manufacturing overhead $357,000 249,900 (70%) 107,100 (30%)
Total costs $1,733,100 $1,260,000 $473,100
Contribution margin for the current year = $315,000 ($1,575,000 - $1,260,000)
= $3 per unit
Unit sales = 115,500 (105,000 * 1.1)
Sales revenue = $1,732,500
Variable costs 1,386,000 ($15 - $3)
Contribution margin for the proposed year = $346,500 ($3 * 115,500)
Fixed costs for the current year = $473,100
Break-even units = $473,100/$3 = 157,700 units
Break-even sales dollars = $473,100/0.2 = $2,365,500
Compare and contrast the various economic models (Capitalism, State Capitalism, Socialism, Communism) highlighting the intended pros and cons of each( AT LEAST 150 WORDS)
Answers
is a setup of economy in which the country trade is controlled by private organisations who operate solely for profit.
Pros of Capitalism are,Self regulation, encourages innovation, provides freedom.
Cons of Capitalism are,Monopoly power, social benefits are ignored, diminishing marginal utility of wealth.
State Capitalismis a setup of economy in which the state controls trade and business affairs.
Pros of State Capitalism are,Free market system, social benefits are considered, democracy system
Cons of State Capitalism are,Hoarding of goods, Inflation Surge, No or limited innovation.
Socialismis a setup of economy in which economic and business activities are governed by rules and regulations.
Pros of Socialism are,Better opportunities for new entrants, improved market conditions, minimum wage laws.
Cons of Socialism are,Slow economic growth, political influence in businesses, less competition.
Communismis a setup of economy in which all properties are owned by community.
Pros of Communism are,Less monopoly, investments in infrastructure, improved society safety.
Cons of Communism are,Manipulation of wealth, defaults may happen, economic crisis.
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If your expenses total $21000 in Year 1 and you expect inflation rate to be 2 percent, how much more will you have to spend to buy the same goods and services in Year 2, assuming that all your expenses increase at the same rate as inflation?
Answers
Answer:
$21,420
Explanation:
The total expense in year 1 was $21000
the inflation rate is 2 percent. it means prices will increase by 2 percent.
The amount to be spent in year 2 will be more by 2% than year 1
If year expenses are 100%, year 2 expenses will be 102%
Actual year 2 expense will be 102% of $21,000
=102/100 x $21,000
=1.02 x $21,000
=$21,420
Given the competitive landscape in which Lululemon finds itself today, what would you do if you were Chip Wilson?
a. Pursue a proxy fight and try to put in a new set of boardmembers that are more favorable to him.
b. Attempt a hostile takeover of the firm by getting a line of equity and trying to take the company private.
c. Sell his shares and move away from the company.
Answers
The thing I would do if i were Chip Wilson and found myself with the competitive landscape is:
c. Sell his shares and move away from the company.What is a Competitive Landscape?This refers to the business analysis which makes use of statistical data and other means to identify potential competitors in the market.
With this in mind and from the complete text, we can see that because Lululemon's stocks fell to 40% after a comment he made, then he would have to sell his shares and leave the company.
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Zion’s uncle, a project manager, who works for a variety of companies managing people and projects that have specific deadlines, could best be described as a(n)
Answers
Zion's uncle, who works as a project manager for a variety of companies managing people and projects with specific deadlines, could best be described as a "contract project manager" or a "freelance project manager."
As a contract project manager, Zion's uncle operates on a project-by-project basis, providing his project management expertise to different companies or clients. He is hired for a specific duration or scope of work and is responsible for overseeing the planning, execution, and successful completion of projects within the given deadlines.
Being a contract project manager allows Zion's uncle to work with different companies, industries, and project types, providing flexibility and exposure to various challenges and opportunities. He is likely skilled in project management methodologies, communication, coordination, and leadership, enabling him to effectively manage teams and deliver projects on time.
The nature of his work, involving specific deadlines and managing people across different projects, suggests that he operates in a dynamic and results-oriented environment, where meeting project milestones and achieving deliverables within set timeframes are critical.
Overall, Zion's uncle's role as a project manager who works on multiple projects with specific deadlines aligns with the description of a contract or freelance project manager.
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This section is based on the case study titled: Maximising Media Relations for Effective Program Execution: UNICEF in Nigeria. This case study is found under the lesson 3 folder, and copies are under the additional resources folder. Please answer all these questions and ensure that you use the correct numbering as given in the question itself.
1. According to the case study, what is the role of public relations? [4]
2. Who are the stakeholders in this case study and their interests [5]
3. What were the strategic tactics and techniques used in the campaign [6]
4. What research methodology was used to develop this plan and discuss whether the programme was successful or not successful in your perspective. Provide evidence from the case study to support your argument. [10]
5. “For effective media relations, the public relations practitioner must understand how the media function and how reporters work” – (Baskin et al, pp:179). As a public relations practitioner what is your assessment of the use of mass media
in this programme and was the use of mass media the best option vs social media in
the programme? (We want to see the student present their own argument here) [5]
6. What did you learn in this case study? [5]
Answers
UNICEF in Nigeria uses strategic strategies and approaches for stakeholder engagement to maximize media relations for effective program execution. Here are the responses to the prompts.
What about the case study?This case study highlights how essential public relations is when it comes to creating a positive image for an organization while building meaningful relationships with important stakeholders.
In this instance UNICEF was determined to raise awareness regarding their programs in Nigeria by engaging local community leaders while effectively communicating their message to citizens via media outlets. Conversely Nigerias government prioritized developing strategies which addressed citizens' needs coupled with enhancing its reputation. The stakeholders involved included: UNICEF representatives; Nigerian government officials; members of various influential media organizations; respected community leaders; as well as concerned members of society at large.
To implement effective strategies required tactical thinking alongside techniques such as holding press conferences/ interviews with key players in local/the national press corps; partnering with appropriate organizations/media personalities across identified relevant industries: e.g governance/community activism or where its most needed. Various research methods were employed inclusive of conducting situational analyses regarding media trends in Nigeria.
Also stakeholder analysis was crucial to identify key targets that helped achieve desired outcomes. The UNICEF program gained excellent traction among its target audience through effective outreach and significant coverage.
As a practitioner involved in public relations work I believe that incorporating mass communication was instrumental in broadening the scope for the advocacy messages and amplifying visibility around necessary programs run by UNICEF globally. Moreover using social media channels served as a valuable medium through which younger demographics could be successfully engaged while receiving personalized insights.
The case study has several vital implications regarding understanding regional media landscapes and establishing relationships with important players operating within the regions.
Collaborative partnerships between local communities alongside other organizations pursuing common goals can result in expanded outreach capacity leading towards new opportunities for positive change. Finally this multifaceted approach utilizing various channels became pivotal not only for generating better visibility but also raising awareness on issues championed by UNICEF globally.
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2) A soft drinks manufacturer sells each can for 50p. The variable costs per can are 10p. Fixed costs per year are £4 million. How much profit will be made if the business sells 15 million cans?
A- £2 million
B- £3 million
C- £6 million
D- £3.5 million
Answers
Answer:
Profit on 15,000,000 cans = £2 million
Explanation:
Given:
Sales price per can = £0.5
Variable cost per can = £0.1
Fixed costs per year = £4,000,000
Find:
Profit on 15,000,000 cans
Computation:
Profit on 15,000,000 cans = (Sales price per can)(15,000,000) - Fixed costs per year - (Variable cost per can)(15,000,000)
Profit on 15,000,000 cans = (£0.50)(15,000,000) - £4,000,000 - (£0.10)(15,000,000)
Profit on 15,000,000 cans = £7,500,000 - £4,000,000 - £1,500,000)
Profit on 15,000,000 cans = £2,000,000
Profit on 15,000,000 cans = £2 million
Businesses use organizational design to structure their
Group of answer choices
Answers
Businesses structure their people, information, and technology using organizational design.
The sole proprietorship, partnership, corporation, and S corporation are the four most popular business structures. State law permits the use of the Limited Liability Company (LLC) as a corporate form. The choice of a firm structure takes into account legal and tax factors.
What is Businesses structure?
The different divisions that make up a typical corporate structure contribute to the overall mission and aims of the organization. Marketing, finance, operations management, human resources, and information technology are typical departments.Although there are many fewer departments inside independent enterprises, these five divisions reflect the key departments within a publicly traded company. Many companies include a CEO as well as a board of directors, which is typically made up of the directors of each department and may also include one or more non-executive directors.Additionally, there are CFOs, vice presidents, and company presidents. However, there is a wide variety of corporate structures, with businesses ranging from a single company to a conglomerate of multiple corporations. Functional, divisional, geographic, and matrix structures are the four primary types of corporate structures.To learn more about Businesses structure visit:https://brainly.com/question/10730450
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how is the aggregate supply curve for the economy related to the supply curves of individual producers?
Answers
Answer:
The aggregate supply curve depicts the quantity of real GDP that is supplied by the economy at different price levels. Increases in the price level will increase the price that producers can get for their products and thus induce more output. ...
how do I calculate the gain on disposal of these assets
Answers
To calculate the gain on disposal of assets, you need to use the following formula:
Gain on disposal = Proceeds from disposal - Carrying amount of the asset (i.e. Cost of the asset - Accumulated depreciation)When an asset is sold, the company receives cash which is known as the proceeds from disposal.
The carrying amount of the asset represents the historical cost of the asset less accumulated depreciation on the asset over its useful life.
Suppose a company sells a machine for $20,000. The original cost of the machine was $30,000, and its accumulated depreciation is $10,000. Then, the gain on disposal of the machine will be:Gain on disposal = $20,000 - ($30,000 - $10,000) = $20,000 - $20,000 = $0
Therefore, in this case, there is no gain or loss on the disposal of the machine.
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If a country's economic data show private savings (S) of $9 billion, government spending (G) of $7 billion, tax revenue (T) of $7 billion, and a trade surplus (X-M) of $3 billion, then what does private investment (I) equal?
Answers
Answer: $6 billion
Explanation:
Savings = Private Investment + Trade Surplus - (Tax revenue - Government spending)
Private Investment = Savings + (Tax revenue - Government spending) - Trade surplus
= 9 + ( 7 - 7 ) - 3
= $6 billion
Can Tatar come off your teeth?
Answers
Answer:
the dentist can remove it, or you can try flossing it out depending if it's between your teeth or on the surface i guess you can try using an electric toothbrush too
Answer:
Once tartar has formed, only a dental professional will be able to remove it from your teeth. So, visit your dentist every 6 months to remove any plaque and tartar that might have formed and to prevent further problems.
What basic business principle does the author of your reading material state that automakers ignored in recent years, leading to the need for an industry bailout?
Answers
A sustainable financial model that is adaptable to changing market conditions is what was ignored
The principle that was ignoredThe core concept that industry titans overlooked, eventually necessitating a bailout, was constructing and sustaining a pliable monetary ploy attuned to shifting market conditions.
Prior to the aid package, auto-manufacturers homed in on sales of high fuel-consumption SUVs and trucks which were appealing due to inexpensive gas costs combined with easily accessible credit.
The dismayingly tardy adaptation to changing patron likes for more fuel-thrifty and environment friendly motorsides - along with mounting rivalry from overseas powerhouses - drove automakers into a perilous condition, where they ultimately felt the blow of 2008’s global fiscal crunch, harshly diminshing productivity as well as profits.
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Explain the difference between an intended and realized strategy. What causes this difference?
Answers
The initial plan is a planned strategy. It turned out to be a successful plan in the end. The two are frequently dissimilar because the desired approach may not be effective or because competitors may exert pressure that necessitates shifting the strategy.
The strategy that a company intends to implement is referred to as its intended strategy. An organization's strategic plan often includes a detailed description of its intended strategies. A business plan is a name given to a strategy plan developed for a new firm.
As an individual, you might decide to exercise more than three days per week, or as a business, you might decide to launch one new product each year.
The plan that an organization really employs is known as a realized strategy. A firm's intended strategy, or what it had planned to do, its deliberate strategy, or the aspects of the intended strategy that the firm has continued to pursue over time, and its emergent strategy combine to create its realized strategies (i.e., what the firm did in reaction to unexpected opportunities and challenges).
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Describe one jamaican and one international organization that currently engage in the practice of “wooing their corporate executives from third world nationals.
Answers
One Jamaican organization that engages in the practice of wooing corporate executives from third world nations is the Jamaica Promotions Corporation (JAMPRO).
What does JAMPRO do?JAMPRO actively seeks out and attracts foreign investors to Jamaica by offering various incentives and benefits, including tax breaks, streamlined bureaucracy, and a highly skilled workforce.
One international organization that engages in this practice is the World Bank.
The World Bank is a multinational organization that provides loans and technical assistance to developing countries. To ensure that it has the best talent available, it actively recruits executives from around the world, including those from third world nations, to work in various roles within the organization.
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Describe how sales and consumer-related legislation and regulations affect the delivery of customer service
Answers
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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Ramniwas, a book-keeper, taking out a trial balance as on 31st March 2005, found that its debit and credit columns did not agree. He proceeded to check the entries and discovered the following errors:
A credit sale of Rs. 1,000 to Ajay had been correctly entered in the Sales Book but Ajay’s Account had been debited with Rs. 100 only.
The total of the Bills Payable Book Rs. 5,000 had been posted to the credit of Bills Receivable Account.
Rs. 2,500 paid to Ram had been wrongly posted to Shyam.
Rs. 100 owing by a customer had been omitted from the list of debtors.
The discount column of the Cash Book representing discount allowed to customer has been over-added by Rs. 10.
Goods worth Rs. 100 taken by the proprietor omitted to be recorded in the books.
Depreciation on furniture Rs. 100, had not been posted to Depreciation Account.
The total of Sales Book had been added Rs. 1,000 short.
Which of the above errors caused the totals of the Trial Balance to disagree and by how much did the totals differ?
Answers
Answer:
Ramniwas Bookkeeper
A. The errors that caused the totals of the Trial Balance to disagree are:
1. A credit sale of Rs. 1,000 to Ajay had been correctly entered in the Sales Book but Ajay’s Account had been debited with Rs. 100 only.
2. The discount column of the Cash Book representing discount allowed to customer has been over-added by Rs. 10.
3. The total of Sales Book had been added Rs. 1,000 short.
B. The totals disagreed by:
Understated debit Rs. 900
Overstated debit (10)
Understated credit (1,000)
Totals disagreed by Rs. 110
Explanation:
a) Correction of Errors on the Trial Balance, March 31:
Account Title Debit Credit
Account receivable (Ajayi's) Rs. 900
Accounts Payable Rs. 5,000
Accounts Receivable 5,000
Shyam 2,500
Ram 2,500
Cash Discount Allowed 10
Drawings 100
Inventory 100
Depreciation Expense 100
Accumulated Depreciation 100
Sales Revenue 1,000
Totals Rs. 8,600 Rs. 8,710
b) Credit side of the Trial Balance was greater by Rs. 110 (Rs. 8,710 - Rs. 8,600).
Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
(See photos below)
Answers
Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.
The three lease options available to Beverly Mills are as follows:
Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile
Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile
Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile
Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
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Which of the following strategies yields positive profits when the stock price is low but not when the stock price is high?
a. Straddle
b. Bullish spread
c. Protective put
d. bearish spread
Answers
Answer: d. bearish spread
Explanation:
With a bearish spread, the investor believes the market to be heading for a price decline in the stock of interest. They will therefore purchase a put option on it. However, they also want to reduce the cost of the transaction so what they will do is to simultaneously buy 2 put options for the same asset for the same date of expiration but with different exercise prices.
If the price of the stock then falls, they will make a profit on both aand reduce costs.
Which element of an effective essay is the statement describing? The Contains a summary of the topic.
Answers
Answer:
The thesis statement should contain a summary of the topic, so the answer might be thesis statement.
Click this link to view O*NET’s Education section for Municipal Clerks. According to O*NET, what are the top two most common levels of education required for Municipal Clerks?
high school diploma or its equivalent
some college, no degree
associate degree
bachelor’s degree
master’s degree
Answers
Answer:
Explanation:
aa
Answer: A and D
Explanation:
i tried the answers on these comments and they were wrong.
After her first business trip to a major city, Jayla is alarmed when she reviews her credit card receipts. Both the hotel bill and the car rental charge are in excess of the price she was quoted. Was Jayla overcharged, or is there an explanation for the excess amounts
Answers
Jayla was not overcharged there has to be a reason for the excess amount.
What is a business trip?This is a trip that is undertaken solely for reasons that are work related. Jayla was not overcharged on the trip as there could be a reason for the excess amounts.
What is an overcharge?This is a charge that is said to be too high, based on the services that was rendered to a person.
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Which of the following best describes the adjustment to long-run equilibrium if an economy's short-run equilibrium output is below potential output? A. Since unemployment is less than its natural rate, there will be excessive tightness in the labor market and, consequently, pressure on firms to raise their prices at a more rapid rate. This acceleration of inflation shifts the short-run aggregate supply curve up, pushing the economy's output down toward its potential output. B. Since unemployment is less than its natural rate, there will be excess slack in the labor market and, consequently, pressure on firms to raise their prices at a less rapid rate. This deceleration of inflation shifts the short-run aggregate supply curve up, pushing the economy's output up toward potential output. C. Since unemployment is greater than its natural rate, there will be excess slack in the labor market and, consequently, pressure on firms to raise their prices at a less rapid rate. This deceleration of inflation shifts the short-run aggregate supply curve down, pushing the economy's output up toward potential output. D. Since unemployment is greater than its natural rate, there will be excess slack in the labor market and, consequently, pressure on firms to raise their prices at a less rapid rate. This deceleration of inflation shifts the short-run aggregate supply curve down, pushing the economy's potential output down toward its short-run output.
Answers
In a situation where the short-run equilibrium output is below potential output in an economy, the adjustment will be B. Since unemployment is less than its natural rate, there will be excess slack in the labor market and, consequently, pressure on firms to raise their prices at a less rapid rate. This deceleration of inflation shifts the short-run aggregate supply curve up, pushing the economy's output up toward potential output.
In the long run equilibrium, the aggregate supply and aggregate demand are equal.
In a situation where unemployment is less than its natural rate, this will lead to excess slack in the labor market and pressure will be on firms to raise their prices at a less rapid rate.
This deceleration of inflation will then brings about the short-run aggregate supply curve up and this ultimately, pushes the economy's output up toward potential output.
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Tom Jordan is a manager for a McDonald's restaurant. Many of his key responsibilities include analyzing data and making key decisions for the success of his store. Tom's store has been experiencing decreased sales for breakfast services over the past 3 months. Tom is unsure why breakfast revenues are down while lunch and dinner revenues remain unchanged. Tom believes that he can drive revenue up by implementing a few different breakfast promotions such as free coffee or hash browns with the purchase of a meal. Tom performs an extensive analysis of how continuous changes in breakfast promotions could impact his daily revenue. What type of DSS analysis is Tom performing? optimization analysis sensitivity analysis transaction analysis goal-seeking analysis
Answers
Answer: sensitivity analysis
Explanation:
From the information given in the question, we can infer that the type of DSS analysis that Tom is performing is the sensitivity analysis.
Sensitivity analysis simply refers to the quantitative risk assessment that deajs with how the alteration of a particular variable will have an effect on the model's output.
Here, Tom believing that he can increase revenue up by implementing a few different breakfast promotions like the free coffee or hash browns shows that he's using sensitivity analysis.
DESCRIBE THE FUNCTIONS OF
PRELIMINARY DATA GATHERING?
Answers
Preliminary data gathering involves collecting and analyzing relevant information to establish a foundation for research or decision-making, including identifying objectives, assessing data availability, etc.
What are the Functions of Preliminary Data Gathering?Preliminary data gathering encompasses the initial acquisition and evaluation of pertinent information, serving as a basis for research or decision-making. It aids in defining project scope, goals, and needs, while also assessing data availability and quality.
This stage assists researchers and decision-makers in gaining insights, assessing project feasibility, recognizing potential obstacles, and formulating a strategic plan for subsequent data collection and analysis.
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MotoSport is buying an asset that costs $730,000 and can be depreciated at 20 percent per year (Class 8) over its eight-year life. The asset is to be used in a three-year project; at the end of the project, the asset can be sold for $740,200. The company faces a tax rate of 26%. The sale of this asset will close the asset class. what is tax on CCA recapture
Answers
The tax on the CCA recapture is $306,332.
To calculate the tax on the Capital Cost Allowance (CCA) recapture, we need to determine the CCA claimed over the years and calculate the recaptured amount. The recaptured amount is the difference between the proceeds from the sale of the asset and the undepreciated capital cost (UCC) at the time of sale.
Given that the asset costs $730,000 and has a depreciation rate of 20% per year (Class 8) over eight years, we can calculate the CCA claimed each year:
Year 1: $730,000 * 20% = $146,000
Year 2: $730,000 * 20% = $146,000
Year 3: $730,000 * 20% = $146,000
Year 4: $730,000 * 20% = $146,000
Year 5: $730,000 * 20% = $146,000
Year 6: $730,000 * 20% = $146,000
Year 7: $730,000 * 20% = $146,000
Year 8: $730,000 * 20% = $146,000
The total CCA claimed over the eight years is $1,168,000.
At the end of the project, the asset can be sold for $740,200. The UCC at the time of sale is the original cost of the asset minus the CCA claimed:
UCC = $730,000 - $1,168,000 = -$438,000
Since the UCC is negative, there is a recapture of CCA. The recapture amount is the proceeds from the sale minus the UCC:
Recapture Amount = $740,200 - (-$438,000) = $1,178,200
Now, we can calculate the tax on the CCA recapture by multiplying the recapture amount by the tax rate:
Tax on CCA Recapture = $1,178,200 * 26% = $306,332
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Which sentences identify the advertising objectives of a business? From — to —
A confectionery business ran into trouble when news of a possible contamination reached its consumers. After a consumer uproar overnegligence,
the company decided to restore its credibility with the help of public relations. —It released statements to the media about its strict regulated processes
and also refuted rumors of contamination. It decided to target a market between ages five and fifteen to help position the product as child friendly
and establish it as safe to consume. The company wanted to ensure that the product was marketed in a repackaged form in order to gain credibility
and boost sales as compared to rivals. However they did not reduce prices, as reducing prices would be met with suspicion. Frequency of the
advertised commercial was increased in order to increase recall among consumers. —This proved effective, as within a few months there was no
further drop in sales and sales slowly started gaining momentum.
Answers
It released statements to the media about its strictly regulated processes and also refuted rumors of contamination that identify the advertising objectives of a business. The correct option is C.
What is advertising in business?Marketing your company through advertising is one way to boost sales or increase audience awareness of your goods or services. Your advertising may contribute to a customer's initial impressions of your company before they interact with you and make a purchase.
The three main goals of advertising are to inform, persuade, and remind. Informative advertising raises consumer awareness of companies, their goods and services, and concepts. It can inform people about the features and advantages of new or established products, as well as announce new programs and products.
Thus, the ideal selection is option C.
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Which of the following statements refers to the wage-price spiral process?
Answers
Answer:
what are the statements
Problems that may occur in a business due to lack of bureaucracy
Answers
Answer:
Bureaucracy helps to form a rigid organisation.
Explanation:
Any corporation needs formal as well as informal work groups in the organisation for a corporation to achieve its targets it will need the presence of a bureaucratic approach.
bureaucracy in the organisation is to increase the level of formality,
better communication among the colleagues
as well as increase overall productivity.