A useful way of standardizing financial statements is to choose a base year and then express each item relative to that amount.
This is further explained below.
What is a financial statement?Generally, Financial statements are written documents that represent a company's commercial operations as well as its financial performance within a certain period of time.
Audits of financial accounts are often conducted by government agencies, accounting firms, and other organizations for the objectives of ensuring their correctness and meeting the requirements for taxation, financing, and investing.
In conclusion, Selecting a base year and then expressing each item in terms of its relationship to that amount is a practical strategy for standardizing financial statements.
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Hockley Brewing has produced a new craft lager beer that will be branded Hockley Classic Lager. The market for craft beer is about $20 million retail per year and the average retail price across all craft beer producers is $2. 50. The following information applies to Hockley’s new craft lager beer.
Factory production costs $1. 05 / can (Variable Cost)
Beer ingredients $0. 35 / can (Variable Cost)
Packaging $0. 20 / can (Variable Cost)
Advertising and promotion $60,000 (Fixed Cost)
Channel listing fees $30,000 (Fixed Cost)
Hockley’s wholesale price to retailers $2. 40 / can (Variable Cost)
(Hockley’s) manufacturer’s suggested retail price $2. 55 / can (Variable Cost)
a. What is Hockley’s unit contribution (measured in $ per can) and contribution margin (measured in percentage)?
b. What is the break-even point in cans? in dollars?
c. What is the necessary sales volume in cans to achieve a $150,000 (target) profit?
d. What will Hockley’s net profit be if 100,000 cans of the new lager are sold?
e. What will Hockley’s market share of craft beer be if they sell 100,000 cans?
f. Their largest competitor is Mill Street Brewery whose Original Organic Lager has 2. 5% market share of the craft beer market. Given Hockley’s market share calculated in part (e), what will Hockley’s relative market share (RMS) be for their Classic Lager?
g. The craft beer market is growing at 10% annually, higher than any other type of beer. With the RMS for Hockley Classic Lager calculated in part
(f), at the end of their first year, where in Hockley’s portfolio will Classic Lager be positioned and what recommendation would follow?
h. Calculate the price elasticity of demand if they raise the MSRP from $2. 55 to $2. 75 and demand falls from 100,000 cans to 95,000 cans. Is demand for this product price elastic or inelastic?
Hockley's unit contribution is $0.50 per can with a contribution margin of 19.6%. The break-even point is 180,000 cans or $432,000, and a sales volume of 480,000 cans is needed to achieve a target profit of $150,000.
a. Hockley's unit contribution is $0.50 per can ($2.55 - $2.05), and the contribution margin is 19.6% (($0.50 / $2.55) x 100).
b. The break-even point in cans can be calculated by dividing the total fixed costs ($60,000 + $30,000) by the contribution per can ($0.50). The break-even point is 180,000 cans. In dollars, the break-even point is $432,000 (180,000 cans x $2.40).
c. To achieve a target profit of $150,000, we need to calculate the necessary sales volume in cans. The formula is (Total Fixed Costs + Target Profit) / Contribution per can. Using the given numbers, the necessary sales volume is 480,000 cans.
d. If 100,000 cans of the new lager are sold, the net profit can be calculated as (Unit contribution x Sales volume) - Total Fixed Costs. With the given numbers, the net profit would be $10,000.
e. If Hockley sells 100,000 cans, their market share of craft beer can be calculated as (Sales volume / Total market size) x 100%. With a $20 million market size, their market share would be 0.5%.
f. Hockley's relative market share (RMS) for their Classic Lager can be calculated by dividing their market share by Mill Street Brewery's market share and multiplying by 100. With Hockley's market share of 0.5% and Mill Street Brewery's market share of 2.5%, Hockley's RMS would be 20%.
g. With an RMS of 20% for their Classic Lager, Hockley would be positioned as a significant player in the craft beer market. The recommendation would be to continue investing in and promoting the Classic Lager to further increase its market share.
h. The price elasticity of demand can be calculated using the formula: Percentage change in quantity demanded / Percentage change in price. In this case, the percentage change in quantity demanded is ((100,000 - 95,000) / 100,000) x 100% = 5%, and the percentage change in price is (($2.75 - $2.55) / $2.55) x 100% = 7.8%. Therefore, the price elasticity of demand is 0.64 (5% / 7.8%). With a price elasticity of less than 1, demand for this product is price inelastic, meaning that a price increase led to a proportionally smaller decrease in quantity demanded.
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Each display in a marketing dashboard shows a ________, which is a measure of the quantitative value or trend of a marketing action or result.
A marketing metric, a measurement of the quantitative value or trend of a marketing action or result, is shown on each display of a marketing dashboard.
A marketing dashboard is a visual representation of the most pertinent data required to monitor important marketing indicators and to accomplish one or more marketing goals. Top-level marketing reports are compiled and arranged on one page so that the data can be viewed quickly.
Marketing metrics are a quantitative performance monitoring method and an essential tool for gauging the effectiveness of marketing efforts. The most effective marketing metrics vary significantly from one campaign to the next, but they typically track how your campaign affects audience behavior.
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People you think might be receptive to your sales presentation are called ______. A) consumers. B) customers. C) interested parties. D)prospects.
People you think might be receptive to your sales presentation are called prospects.
Prospects are individuals or organizations who have the potential to become customers based on their interest, needs, or fit with your product or service. They are individuals who are likely to be open to hearing your sales presentation and potentially making a purchase. Prospects can be identified through various means such as market research, lead generation activities, or targeted marketing campaigns. While consumers, customers, and interested parties are all relevant terms in sales and marketing, the term "prospects" specifically refers to individuals who are seen as potential leads and have a higher likelihood of converting into customers. Identifying and engaging with prospects is a fundamental aspect of the sales process to maximize the chances of successful conversions and sales.
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Which of the following strategies should managers avoid when designing orientation programs?
Question 17 options:
1)
Reduce paperwork to minimize information overload.
2)
Schedule live presentations by corporate officers.
3)
Schedule informal meetings between new hires and immediate supervisors.
4)
Match each new employee with a "buddy" based on similar nationality rather than personality compatibility.
Managers should avoid designing orientation programs that match new employees with a "buddy" based on similar nationality rather than personality compatibility.
Orientation programs aim to integrate new employees into the workplace and establish a positive working environment. Live presentations by corporate officers can be an effective way to convey company values and expectations. However, matching employees with buddies based on nationality rather than personality compatibility can create an exclusionary atmosphere and hinder effective team building.
Instead, managers should focus on fostering a diverse and inclusive environment by pairing employees with buddies who have complementary skills, work styles, and personalities. This approach will help new hires feel supported, enhance collaboration, and improve overall workplace cohesion.
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A curve representing groupings of customers who adopt new products over a period of time illustrates the ______.
A curve depicting groupings of consumers who embrace new items over time exemplifies the diffusion of innovation.
What is the meaning of diffusion?The net flow of material from a location of high density to a region of small quantity caused by random mobility of molecules is termed as diffusion.
The product diffusion curve hypothesis describes how individuals and big organizations adapt to new ideas and inventions. Therefore, it can be concluded that diffusion of innovation is the correct term.
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According to the __________ plan of Castleton Industries, if expansion to new markets in Australia does not materialize, the company will strive for expansion in Asia
Contingency planning is when a company strive for expansion in Asia after failure of expansion in Australia.
What is Contingency planning?Contingency planning serves as a course of action designed to help an organization to adjust event that may or may not happen.
Contingency plans can be regarded as 'Plan B' or alternative action if things don't go as planned.
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Discuss why code of ethics and professional conduct important in
finance use fedral authority for government human resource
document
The code of ethics and professional conduct are important in finance because they provide guidelines and standards for ethical behavior and professionalism within the industry. They help establish trust, transparency, and integrity, and ensure that finance professionals act in the best interests of their clients.
The code of ethics in finance outlines the principles and values that finance professionals should follow in their daily activities. It promotes honesty, integrity, transparency, and fairness, ensuring that finance professionals act in the best interests of their clients and the broader society. By adhering to the code of ethics, finance professionals are held accountable for their actions and are expected to make ethical decisions, even in challenging situations. This helps to maintain trust and credibility in the financial industry, as clients and stakeholders can rely on the ethical conduct of finance professionals. In government entities, the code of ethics is especially important, as it ensures that finance professionals handle public funds and resources responsibly and ethically.
The code of ethics and professional conduct are essential in the finance industry, as they provide guidelines for ethical behavior and professionalism. They help establish trust, transparency, and integrity, ensuring that finance professionals act in the best interests of their clients and uphold the values of honesty and fairness. In government entities, the code of ethics is particularly significant, as it ensures that finance professionals handle public funds and resources responsibly. By adhering to the code of ethics, finance professionals contribute to the reputation and credibility of the financial industry and maintain public trust.
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2.4 Discuss in detail service delivery in Urban areas in the year 1994 compared to 202 Study the table below and answer questions that follow. IPage 3 ECON GRD 10
The service delivery in Urban areas in the year 1994 is one that has a huge difference.
The Comparisons in regards to service delivery between 1994 and the today has a wide gap. In some ways, political parties has stated that the situation has improved while others said that it has worsened. But the act of verifying these claims is not easy.
How do you verify them?In regards to water, studies has shown that the delivery of water to household has shown that about 78.5% of households had access to clean water as well as pipe born water.
In regards to Electricity, studies has shown that about 54% of households are said to have good access to electricity and this is taken from the national grid.
Therefore, The Comparisons in regards to service delivery between 1994 and the today has a wide gap. In some ways, political parties has stated that the situation has improved while others said that it has worsened. But the act of verifying these claims is not easy.
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Free competition
What type of economy it is
Answer:
Mixed Economy = USA
Explanation:
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
The yield to maturity on one-year zero-coupon bonds is 7.9%. The yield to maturity on two-year zero-coupon bonds is 8.9%.
What is the forward rate of interest for the second year?
If you believe in the expectations hypothesis, what is your best guess as to the expected value of the short-term interest rate next year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
The expected value of the short-term interest rate next year, according to the expectations hypothesis, is 8.04%.
The expectations hypothesis suggests that the yield to maturity on a long-term bond can be estimated by taking the average of the current yield to maturity on short-term bonds. In this case, we have the yield to maturity on one-year zero-coupon bonds as 7.9% and the yield to maturity on two-year zero-coupon bonds as 8.9%. To estimate the expected value of the short-term interest rate next year, we take the average of these two yields: (7.9% + 8.9%) / 2 = 8.04%. Therefore, based on the expectations hypothesis, our best guess for the expected value of the short-term interest rate next year is 8.04%.
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What are the types of target market?
Geographic, demographic, psychographic, and behavioral are the four target markets.
What is target market ?A target market is the ideal group of people who might buy a product or service and have a lot in common with each other that affect their buying decisions. To achieve the objective of marketing, a company will promote its product or service to the target market from which it can generate the most profitable action.
B2B businesses typically consider industries, niches, and verticals to be the primary characteristics to describe their target market, whereas B2C businesses may focus most on audience-specific characteristics to define their target markets. B2B companies often go on to further define their target audiences after this.
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two rivers that helped China develop
primero el rio Amarillo (Huang He) en el norte, y más tarde el Yangtze en el sur.
Peter Samuels owns and manages his single-member LLC that provides a wide variety of financial services to his clients. He is married and will file a joint tax return with his spouse, Amy. His LLC reports $300,000 of qualified business income, W–2 wages of $120,000, with qualified property with an unadjusted basis of $75,000. Their taxable income before the QBI deduction is $285,000 (this is also their modified taxable income). Determine their QBI deduction for 2019.
Answer:
$60,000
Explanation:
Since Peter's taxable income before the QBI is $285,000, he can claim the maximum QBI deduction. The current phase out starts at $326,600 for married filing jointly or $163,300 for single filers.
Maximum QBI deduction = 20% x qualified business income (QBI) = 20% x $300,000 = $60,000
In general, when marginal benefit is greater than marginal cost, the decision maker should do _____ of the activity.
The quantity of pencils sold is 1000 at the unit price $0.5. Suppose the price elasticity of demand for pencils by the initial value method (also known as the simple elasticity formula) is 2, and you would like to increase the quantity sold to 1200. Then the new price for pencils must be
Answer:
$0.45
Explanation:
Given the following :
At a unit price of $0.5 :
Quantity sold = 1000 and price elasticity of demand = 2. If quantity sold is to increase to 1200, new price of pencils equals ;
Price elasticity of demand :
(% change in quantity demanded / percentage change in price)
% change in quantity demanded equals :
[(1200 - 1000) / 1000] * 100
(200/1000) * 100
0.2 * 100 = 20%
Therefore ;
Price elasticity of demand :
(% change in quantity demanded / percentage change in price)
(2 = 20% / % change in price)
% Change in price * 2 = 20%
% change in price = 20% / 2
% change in price = 10%
Old price = $0.5
Since quantity demanded increases, then the price of pencil has decreased
10% decrease in old price
10% of $0.5
(10/100) * $0.5
0.1 * 0.5 = $0.05
New price = $0.5 - $0.05
New price = $0.45
which federal reserve action can shift the aggregate demand curve to the left?
Explanation:
Contractionary Monetatary Policy
Who is responsible for reporting all taxable income even if it does not appear on a W-2 form?
Answer:
IRS
Explanation:
Random variations represent either increasing or decreasing movements over many years due to factors such as population growth, population shifts, cultural changes and income shifts.
Answer:
FALSE
Explanation:
THIS IS THE COMPLETE QUESTION
Trends representing either increasing or decreasing movements over many years due to factors such as population growth, population shifts, cultural changes, and income shifts are a component of a time series called "Random Variations"
Random Variation can be regarded as
tendency of an estimated size/ value of a parameter to undergo deviation randomly away from the real/ true magnitude/ value of the parameter.
What steps will add slicers to a PivotTable? Use the drop-down menu to complete the steps.
Select the Pivot Table.
Click the Pivot Table Tools
tab.
Design, Format, Review, Options
In the group,
Filter, Slicer, Timeline, Data
Click
Insert Timeline, Insert Slicer, Active Field, Group
In the Insert Slicer dialog box, select the fields to create slicers for.
Click OK.
Answer:
1. options
2.Filter
3. Insert Slicer
Explanation:
I got it correct
The steps are as follows:
optionsFilterInsert SlicerPivot table
Pivot tables are a powerful Excel tool that helps us summarize large amounts of data and saves us a lot of time. Pivot tables are a reporting tool that has a fields section that contains four fields.
What does this table contains?It has four fields, that are:
Rows: Data that is taken as a specifier. Values: Count of the data. Filters: Filters to hide out certain data.Columns: Values under different conditions.Thus, the steps are as follows:
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We live in a wonderful world that is full of beauty, charm and adventure. There is no end to the adventures we can have if only we seek them with our eyes open. Internalize or Meaning
Answer with Explanation:
The world is a wonderful place to live, it is full of beauty and adventure indeed; however, not everyone can appreciate it. This is because not all people can see the positive side of what is happening around them.
People who cannot sense the beauty in the world are blinded by their sufferings. For example, a person who was abandoned by her lover will truly feel depressed. However, there is actually beauty in such pain. Being abandoned makes a person stronger than before and it allows him to tackle the future challenges in life courageously.
Another example, if you hate somebody and dwell on that hatred for long time, you won't be able to open your eyes. A way out for such hatred is making a good connection with that person rather than hating him. It's a positive move and will truly make your relationship more beautiful.
There are only benefits of branding. No drawbacks exist.
true
false
Answer: false
Explanation:
Answer:
false
Explanation
Which method of labeling text complies with the ASME standard: unidirectional or aligned?
The method of labelling text complies with the ASME standard is unidirectional
Unidirectional text must follow the ASME (American Society of Mechanical Engineers) standard for labelling text on engineering drawings. Unidirectional text represents a horizontal text that is often set up to be read from the bottom to the top or from left to right, regardless of where a picture is placed. Whereas, a proper aligned text faces the same way as the piece of art.
Because unidirectional text makes it simpler to read and comprehend the information on the design regardless of its orientation, it is favored. Aligned text can be more challenging to read and may need the user to turn their head or the drawing in order to see it properly.
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Question 5 of 10
What could consumers do to help their community?
Consumers in various ways can help their community:
Promote Local Business- One of the most amazing ways of supporting your local area is to assist different organizations nearby. Purchase nearby as frequently as could be expected and saved a region of your site to connection to your neighborhood companies. Cross organizing with non contending organizations with comparative business sectors assists you with contacting more individuals and assist with outing other neighborhood entrepreneurs very much like you.Sponser an Event- Supporting a member in a neighborhood long distance race can be an extraordinary method for showing support , particularly on the off chance that you can uphold your own representatives who are partaking in such occasions.Adopt a Brick- Infrequently new urban structures will offer nearby occupants the choice of buying a block or stone,either on a walkway or building . Such a buy offers you the chance to add to advance while likewise partaking in a little exposure.To learn more about consumers from the given link:
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What detail most clearly develops the central idea in the first question you answered?
Group of answer choices
"Plasmodium’s ancestors probably rubbed shoulders with the eggs and larvae of mosquitoes, similarly floating on sun-dappled waters.” (paragraph 7)
“And yet, despite the millennia-long battles between us, malaria still manages to infect at least three hundred million of us— . . . and kills nearly one million, year after year.” (paragraph 2)
"The survivors learned how to withstand the diseases’ ravages, though, and in time both measles and smallpox settled into being unremarkable childhood illnesses. . . .” (paragraph 1)
“The rest of us all do our obscure little part in the drama of life, weaving ourselves deeper into local ecology. . . .” (paragraph 4)
braiiest
The detail that most clearly develops the central idea in the first question is “And yet, despite the millennia-long battles between us, malaria still manages to infect at least three hundred million of us— . . . and kills nearly one million, year after year.” (paragraph 2).
What can be said of the Malaria pathogen?The first question has the central idea that the malaria pathogen has not become less deadly over the centuries.
This is proven by the fact that even though humanity has fought the malaria pathogen for thousands of years, it still infects millions every year and leads to the death of almost of million people.
This means that the pathogen is still very strong and has not grown to be less deadly like measles and smallpox.
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if consumers think that there are very few substitutes for a good, thena. supply would tend to be price elastic. O b. supply would tend to be price inelastic. O c. demand would tend to be price elastic. d. demand would tend to be price inelastic. e. none of the above is true.
When consumers think that there are few substitutes for a good, the supply of that good tends to be price inelastic. Option B. is correct.
This indicates that the quantity delivered is mostly unaffected by the good's price.
This can be explained by the fact that manufacturers will not be able to considerably decrease prices in order to raise demand if there are few substitutes.
This is due to the fact that, even if the price is reduced, the demand for the good will not greatly increase if there are few substitutes available.
Nonetheless, as consumers might still be willing to buy the product even at a greater price because there aren't any alternatives, producers might still be able to raise the price of the thing dramatically.
When analyzing the market for any item, this inelastic supply is a crucial issue to take into account.
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Under what circumstances might a diversified firm choose to
divest or shut down one or more of its businesses? (just need a
paragraph)
A diversified firm may choose to divest or shut down one or more of its businesses under several circumstances. Firstly, if a particular business unit within the diversified firm is consistently underperforming and showing no signs of improvement, divestment or shutdown may be considered as a strategic decision.
By divesting or shutting down such businesses, the firm can allocate its resources more efficiently to focus on areas with higher growth potential and better prospects for profitability. This could be due to various factors such as declining market demand, inability to generate profits, or being incompatible with the overall corporate strategy.
Secondly, changes in the external environment or industry dynamics can also prompt a diversified firm to divest or shut down certain businesses. For example, if a particular industry is experiencing significant disruptions, technological advancements, or regulatory changes that render a business unit obsolete or unviable, divestment or shutdown may be necessary to mitigate risks and protect the overall health of the diversified firm. This allows the firm to adapt to evolving market conditions and strategically reallocate resources to capitalize on emerging opportunities.
Additionally, a diversified firm may choose to divest or shut down businesses as part of a strategic refocusing effort. This could involve streamlining operations, consolidating resources, and sharpening the firm's core competencies. By divesting non-core businesses or those that do not align with the firm's long-term strategic goals, the firm can enhance its competitiveness, improve financial performance, and create a more focused portfolio of businesses that can deliver sustainable value in the long run.
In summary, the decision to divest or shut down one or more businesses within a diversified firm is typically driven by poor performance, changes in the external environment, and strategic refocusing efforts. It allows the firm to optimize its resource allocation, mitigate risks, and position itself for long-term growth and profitability.
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who looks over the land and determines the best location for the structure.
Answer:
what does this mean
Explanation:
I give you loooots of points for this very important question......
Truth....or daaare???!
Answer:
truth
Explanation:
Answer:
Truth
Explanation:
if the marginal utility line is above the horizontal axis, this means that:
If the marginal utility line is above the horizontal axis, it means that the consumer is receiving positive marginal utility from consuming an additional unit of the good.
Marginal utility refers to the additional satisfaction or benefit a consumer receives from consuming one more unit of a good or service. If the marginal utility line is above the horizontal axis, it indicates that the consumer's satisfaction is increasing as they consume more of the good, and they are willing to pay more for each additional unit of the good.
Conversely, if the marginal utility line is below the horizontal axis, it means that the consumer is receiving negative marginal utility from consuming an additional unit of the good, indicating that their satisfaction is decreasing as they consume more of the good, and they are less willing to pay for each additional unit.
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