When using the periodic inventory system, the Merchandise Inventory account is not used. The answer is option a.
What is the periodic inventory system?A periodic inventory system is a method of accounting for inventory in which a physical inventory count is performed at predetermined periods to calculate the ending inventory balance and Cost of Goods Sold (COGS) for the period.
How is the cost of goods sold calculated in a periodic inventory system?In a periodic inventory system, the cost of goods sold is calculated by beginning inventory plus net purchases minus ending inventory. This is in contrast to a perpetual inventory system, in which the cost of goods sold is calculated continuously as sales occur by subtracting the cost of goods sold from the inventory balance.
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suppose a bank currently has $250,000 in deposits and $27,000 in reserves. the required reserve ratio is 10%. if at the end of the day, there is an unexpected withdrawal of $4,000 in reserves, what is the bank's resulting reserve ratio
The bank's resulting reserve ratio after the unexpected withdrawal of $4,000 in reserves is 9.2%.
Given informationThe bank currently has $250,000 in deposits and $27,000 in reserves.The required reserve ratio is 10%. An unexpected withdrawal of $4,000 in reserves was made.The formula to find the Reserve ratio is;RR= Reserve / Deposits×100%Calculation. First, we need to find out the total deposits in the bank.Total deposits = $250,000Required reserve ratio = 10% 10% of total deposits = (10/100)×$250,000= $25,000 Current reserves = $27,000Now, we will calculate the required reserves.
Required reserves = 10% of total deposits= $25,000At the end of the day, an unexpected withdrawal of $4,000 in reserves was made.New reserves= current reserves - unexpected withdrawal= $27,000 - $4,000= $23,000New reserve ratio = New reserves/ Total Deposits x 100%= $23,000 / $250,000 x 100%= 9.2%Answer:
The bank's resulting reserve ratio after the unexpected withdrawal of $4,000 in reserves is 9.2%.
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net sales revenue is $720,000. beginning and ending net accounts receivable are $62,000 and $58,000, respectively. calculate the receivables turnover ratio. multiple choice question. 12.4 times 12.0 times 8.3 times 11.6 times
The turnover ratio for accounts receivable is 12.
Net credit sales are divided by ending net accounts receivable to calculate the accounts receivable turnover ratio.True or False: By dividing net sales by accounts receivable, one may calculate the accounts receivable turnover. Explanation: The aforementioned claim is untrue because it omits crucial components of the computation of accounts receivable turnover. Average accounts receivable must be divided by net credit sales.
Average Net Sales Revenue Accounts Receivable, Net
To calculate the average net accounts receivable, we add the beginning and ending net accounts receivable and divide by 2:
($62,000 + $58,000) / 2 = $60,000
Plugging in the values we have:
$720,000 / $60,000 = 12
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Mario is a 40% partner in the MPC Partnership. On January 1, MPC distributes $32,000 cash and land with a $32,000 fair value (inside basis $16,000). MPC has no liabilities at the date of the distribution. Mario’s basis in MPC is $40,000. What is the amount and character of Mario’s gain or loss from the liquidating distribution?
We must figure out how much money and other assets Mario received from the liquidating distribution in order to compare it to his basis in the partnership and establish whether he made a profit or a loss.
Which of the following situations will result in a gain being recognised by a partner from an operating distribution?When the partnership distributes funds in an amount greater than the partner's basis in the partnership interest, the partner will realise a gain from the operation.
What is Daniela's foundation for the accounts receivable and distributed inventory?What is Daniela's foundation for the accounts receivable and distributed inventory? In the divided assets, Daniela's bases consist of $16,000 in cash, $5,000 in inventory, and $0 in accounts receivable.
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a car wash services 200 customers in an hour on a lovely saturday afternoon. the car wash employs 5 washers at $6 per hour and uses $50 of water and $5 of electricity per hour. an appropriate measure of productivity is:
A suitable measure of productivity for the car wash would be "output per labor hour". This measures how much output is produced per hour of labor, and can be calculated by taking the total number of customers serviced (200) and dividing it by the total hours of labor (5), resulting in 40 customers per labor hour.
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Describe how interest income and dividend income are taxed. What are the similarities and differences in their tax treatment? Compare and contrast the tax treatment of interest from a Treasury bond and qualified dividends from corporate stock. What is the definition of a capital asset? Give three examples of capital assets. What is the deciding factor in determining whether a capital gain is a short-term or long-term capital gain? What tax rate applies to net short-term capital gains?
1. Interest income and dividend income are both subject to federal income tax.
How is interest income taxed?2. Interest income is taxed as ordinary income and is subject to the taxpayer's marginal tax rate.
3. Dividend income can be either qualified or non-qualified, and qualified dividends are taxed at a lower rate than non-qualified dividends.
4. The tax treatment of interest from a Treasury bond is similar to other interest income, while qualified dividends from corporate stock can be taxed at a lower rate.
5. A capital asset is any asset held for investment purposes, such as stocks, bonds, and real estate.
6. The deciding factor in determining whether a capital gain is short-term or long-term is the holding period, with gains on assets held for one year or less being considered short-term and subject to ordinary income tax rates.
7. Net short-term capital gains are taxed at the taxpayer's ordinary income tax rate.
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Ch 5. Describe the Capstone Courier, the various reports
displayed in the Capstone Courier and discuss how you will use them
to conduct company Decision Making.
The Capstone Courier is an electronic document that consists of various sections such as Industry Conditions Reports, Company Annual Reports, Stockholder Newsletter, Production Analysis, and many more.
The various reports displayed in the Capstone CourierThe different reports that are available in the Capstone Courier are as follows:
1. Industry Condition Reports: This report provides information about the industry conditions, opportunities, threats, and future prospects.
2. Company Annual Reports: The annual report provides information on the company's financial performance, market share, and other significant aspects.
3. Stockholder Newsletter: This report provides information to the stockholders about the company's financial performance, dividends, and other important events.
4. Production Analysis: This report provides detailed information about the company's production operations, cost of goods sold, and profit margins.
5. Financial Analysis: This report provides information on the company's financial performance, profitability, liquidity, and solvency.
6. Customer Survey Results: This report provides information on customer satisfaction, preferences, and perceptions of the company's products and services.
7. Balanced Scorecard: This report provides a summary of the company's performance in different areas such as finance, customers, operations, and learning and growth.
8. Employee Survey Results: This report provides information on the satisfaction levels, morale, and motivation of the employees.
Using these reports, decision-making can be facilitated in many ways. For instance, the industry analysis report can help the company make strategic decisions regarding the target market, competition, and potential growth opportunities.
The production analysis report can help the company optimize its production processes and improve profitability. The customer survey report can help the company improve its customer service and product quality. The balanced scorecard can help the company align its objectives with its vision and mission.
Finally, the employee survey report can help the company improve employee engagement, retention, and productivity..
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An example of a bad-news message that is high in severity and high in controllability: A- Laid off due to the financial status of your workplace
B- Received poor performance rating
C- Rejected claims
D- Received new promotion
An example of a bad-news message that is high in severity and high in controllability would be option A: being laid off due to the financial status of your workplace.
This message is high in severity because it involves the loss of one's job and the potential impact on their financial stability and well-being. It is also high in controllability because the decision to lay off employees is typically within the control of management and is not related to the employee's performance or actions.
In this situation, it would be important for the message to be delivered in a clear and compassionate manner, with an emphasis on providing support and resources for the affected employee to help them through this difficult time.
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you created an index of the three stocks that have share prices of $150, $350, and $1,000 and market capitalizations of $400 million, $350 million, and $150 million, respectively.
what is the index value of a price=weighted index using the three stocks? (A)
if the stock with a price of $1,000 is replaced by a stock with price of $750, what is the new index denominator? (b)
The new index denominator would still be 900. To calculate the value of a price-weighted index using the given stocks, we need to add the share prices of the stocks and divide by the index divisor.
The index divisor is calculated by summing the total market capitalizations of the stocks.
So, the index value can be calculated as follows: Index Value = (150 + 350 + 1000) / (400 + 350 + 150) = 1.69
If the stock with a price of $1,000 is replaced by a stock with a price of $750, the new index divisor will be the same as the old one, and the new index value will be: New Index Value = (150 + 350 + 750) / (400 + 350 + 150) = 1.39
Therefore, the new index denominator would still be 900.
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2 a. What is power in a channel of distribution. What factors contribute to who in the channel has power? 2. b. Identify and discuss the six bases of power. How are each used? What are the pros and cons of each? 2. c. Conflict is inevitable in a channel of distribution. Discuss the methods of dealing with conflict, include the pros and cons. Which of these methods do you feel is best? Why?
2 a. Power in a channel of distribution Power in a channel of distribution refers to the capacity of an organization to get things done.
It is the means by which a firm can influence other members of the supply chain to accomplish its objectives. In a channel of distribution, power comes from different sources. What factors contribute to who in the channel has power? Factors that determine power in a channel of distribution include size, reputation, expertise, knowledge, and access to key resources.2 b. The six bases of powering any organization, there are six bases of power that are used to influence behavior, and they are as follows: Legitimate power Expert power Reward power Coercive power Referent power Information power How are each used? What are the pros and cons of each?The following is a summary of each base of power, including its pros and cons.
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Business LawGracie was a famous singer. Katie hired Gracie to sing every Friday and Saturday night at Katie's bar in Detroit, Michigan. At the time of her contract, Gracie signed a non-competition agreement that stated:I agree that for a period of 1 year after termination of my employment as a singer, I will not work as a singer, owner, or in any other capacity, at any bar located in the state of Michigan.After six months, Katie fired Gracie, and Gracie took a new job as a singer at Lexie’s bar on Mackinac Island, Michigan. Katie sued Gracie, seeking to enforce the non-competition agreement.For this assignment, assume that you are a Michigan judge that is evaluating Katie’s case. Write a couple of paragraphs that explain the applicable Michigan law and discuss why or why not you would enforce the agreement as written. (Hint: review the AJM Chapter 13 Materials…The applicable Michigan law is not discussed in the text. You need to discuss the three factors and why each is, or is not, reasonable, and then discuss what your options are as the judge).
According to the Michigan Non-Compete Statute, MCL 445.774a, in order for a non-competition agreement to be valid and enforceable, it must be reasonable in scope, necessary for the protection of the employer’s legitimate business interests, and not unduly oppressive to the employee.
In the case of Katie v. Gracie, it is reasonable to assume that the non-competition agreement is reasonable in scope as it only applies to bars located in the state of Michigan.
Additionally, it is necessary for the protection of Katie’s legitimate business interests, as she is the owner of a bar and was attempting to ensure that Gracie would not be working at any other bars in the state during the same period.
Furthermore, the agreement is not unduly oppressive to the employee, as it only covers a one-year period after termination of employment.
Given these considerations, as the judge in this case, I would be likely to enforce the agreement as written. Katie has presented reasonable evidence that the non-competition agreement was reasonable in scope, necessary for the protection of her legitimate business interests, and not unduly oppressive to Gracie.
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An assembly line consists of 5 work stations. In order to assemble a complete finished product, the work has to proceed from Work Station 1, to Work Station 2, to Work Station 3, to Work Station 4, then finally to Work Station 5. The output from Work Station 5 is the finished product. The shop floor supervisor sees that unnecessary inventory is accumulating between Work Stations 3 and 4. This inventory is best called:
Unnecessary inventory accumulating between Work Stations 3 and 4 is best called work-in-process inventory.
An assembly line refers to a production process in which various workers perform specific tasks on a product as it progresses through a series of workstations. Work-in-process inventory is one of the most prevalent forms of inventory in an assembly line.
The inventory that accumulates between Work Stations 3 and 4 is best known as work-in-process inventory. This happens when an item is undergoing production but has not yet been finished or has not reached the final assembly station. It is stored in between stations until it is finished.
The production process between Work Stations 3 and 4 is causing the work-in-process inventory to accumulate. This is either because Work Station 3 is producing too many items or because Work Station 4 is not processing them quickly enough.
As a result, the work-in-process inventory between Work Stations 3 and 4 grows. This indicates that the production process is inefficient and that changes need to be made to improve it. Work-in-process inventory is viewed as waste in a lean production environment, which strives to reduce waste wherever possible.
Therefore, the shop floor supervisor must take appropriate steps to eliminate the accumulation of work-in-process inventory between Work Stations 3 and 4.
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question 8 as a project manager, you ensure that everyone working on the project understands their task goal as well as the big picture goal for the finished product. this adds value to your project in which way?
As a project manager, ensuring that everyone working on the project understands their task goal as well as the big picture goal for the finished product adds value to the project by increasing productivity and efficiency.
It also helps to keep everyone on the same page and working towards the same end goal. In addition, it can reduce the risk of errors or misunderstandings that can lead to delays or even project failure. This is because if everyone understands their role in the project and how it fits into the overall goal, they are more likely to complete their tasks accurately and on time.
In addition, having a clear understanding of the big picture goal can help team members to stay motivated and focused on the end goal, which can lead to increased creativity, innovation, and problem-solving skills. It can also help to build a sense of teamwork and collaboration, as team members work together towards a common goal.
Overall, ensuring that everyone understands their task goal as well as the big picture goal for the finished product is essential for project success. It adds value to the project by increasing productivity and efficiency, reducing the risk of errors or misunderstandings, and fostering teamwork and collaboration among team members.
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Considering recent events and consequences of Covid-19, discuss how you
would have developed and implemented an effective HR strategy for your
organisation to both cope with the execution of daily business tasks, and
adhere to government protocols and regulations?
An effective HR strategy to cope with the execution of daily business tasks and adhere to government protocols and regulations during the Covid-19 pandemic should include a comprehensive plan for remote work, social distancing, sanitation, and communication.
In light of recent events and consequences of Covid-19, developing and implementing an effective HR strategy is crucial to ensure that the organization is equipped to handle daily business tasks and adhere to government protocols and regulations. The following are some strategies that can be adopted for this purpose:
Remote Workforce: Encourage and facilitate remote work to prevent the spread of Covid-19 in the workplace. Allowing employees to work from home would ensure that they can maintain social distancing and avoid exposure to the virus. Moreover, it would also help maintain productivity while adhering to government guidelines.Virtual Training Sessions: The pandemic has made it difficult to conduct training sessions and employee development programs. In response, organizations can use video conferencing and other online platforms to conduct training sessions. This strategy would not only ensure that employees are up-to-date on the latest practices and technologies but also help maintain productivity and efficiency. Employee Health and Safety: It is essential to develop a comprehensive health and safety policy that outlines the measures that the organization will take to protect employees and customers. This policy should include information on how to minimize the spread of Covid-19 and what to do in case of a suspected case of Covid-19. It should also outline the measures that the organization will take to ensure that employees have access to healthcare and other essential services.By adopting these strategies, organizations can cope with daily business tasks while adhering to government protocols and regulations.
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Please define and discuss component units and discrete units included in a government entity such as the City of New York (200 words.) What are 2 examples of each type of these units included in the NYC Annual Report?
Component units and discrete units are both classifications of entities that are included in a government’s financial reports.
Component units are organizations that are legally separate from the primary government entity, but are “blended” into the financial statements of the primary government.
Discrete units, on the other hand, are activities of the primary government which are kept separate in the financial statements.
In the City of New York, an example of a component unit is the New York City Housing Authority (NYCHA), which is legally separate from the City, but included in the City’s financial statements.
An example of a discrete unit is the New York City Department of Education, which is a part of the City government and thus is also included in the City’s financial statements.
The City of New York's annual report contains both component units and discrete units.
Examples of component units listed in the annual report include the Municipal Water Finance Authority, the Housing Development Corporation, and the Economic Development Corporation. Examples of discrete units listed in the annual report include the Department of Parks and Recreation, the Department of Environmental Protection, and the Department of Correction.
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XYZ Company has requested EY to perform non-audit services. The team uses GIS to research XYZ and determines XYZ is a subsidiary of ABC Inc., non-PIE audit client. Is XYZ Company considered an affiliate of ABC Inc.?
A) Yes, subsidiaries are always considered affiliates.
B) Maybe, it depends on the materiality of XYZ.
C) No, ABC Inc. is a non-PIE audit client.
XYZ Company is not considered an affiliate of ABC Inc as ABC Inc. is a non-PIE audit client. Therefore, the correct option is C.
Non-audit services refer to an array of advisory and consulting services provided by auditors to their clients. According to the International Ethics Standards Board for Accountants (IESBA), non-audit services are any service offered to a client that does not involve an audit or review engagement.
PIE stands for Public Interest Entity. A public interest entity (PIE) is a business that holds a significant interest for the public. A company may be regarded as a PIE if its size, nature, or number of stakeholders puts it in the public eye to the point where the services it provides are critical to the general population's well-being. PIEs are entities that are publicly traded, financial institutions, and insurance organizations.
The fact that XYZ is a subsidiary of ABC Inc., a non-PIE audit client, indicates that XYZ is not an affiliate of ABC Inc. Hence, the answer is option C) No, ABC Inc. is a non-PIE audit client.
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7) (10 pts.) The market rate for bonds in now 3\%. An investor wants to buy a bond that matures in 15 years and has a face value of $5,000 and a coupon rate of 6% payable semiannually. How much should the investor pay for the bond?
The investor should pay $4,954.41 to buy the bond.
To calculate the price of the bond, we need to calculate the present value of all future cash flows associated with the bond.
The bond has a face value of $5,000, which means that the investor will receive $5,000 when the bond matures in 15 years. The coupon rate is 6%, which means that the investor will receive 6% of the face value every six months. The bond pays semiannually, which means that there will be 30 coupon payments (15 years x 2 semiannual payments per year).
To calculate the present value of the coupon payments, we can use the formula for the present value of an annuity:
[tex]PV = C x ((1 - (1 + r)^(-n)) / r)[/tex]
where PV is the present value, C is the coupon payment, r is the interest rate per period, and n is the number of periods.
For this bond, C is $150 ($5,000 x 6% / 2), r is 1.5% (3% / 2), and n is 30.
PV of coupon payments = [tex]$150 x ((1 - (1 + 0.015)^(-30)) / 0.015) = $2,676.39[/tex]
To calculate the present value of the face value, we can use the formula for the present value of a lump sum:
[tex]PV = FV / (1 + r)^n[/tex]
where FV is the face value, r is the interest rate per period, and n is the number of periods.
For this bond, FV is $5,000, r is 1.5% (3% / 2), and n is 30.
PV of face value = $5,000 / (1 + 0.015)^30 = $2,278.02
Finally, we can calculate the price of the bond by adding the present value of the coupon payments and the present value of the face value:
Price of the bond = PV of coupon payments + PV of face value
= $2,676.39 + $2,278.02
= $4,954.41
Therefore, the investor should pay $4,954.41 to buy the bond.
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shankar company uses a perpetual system to record inventory transactions. the company purchases inventory on account on february 2 for $41,000, with terms 2/10, n/30. on february 10, the company pays on account for the inventory. required: (a) determine the financial statement effects for the inventory purchase on account on february 2. (b) determine the financial statement effects for the payment on february 10.
(a) The financial statement effects for the inventory purchase on account on February 2 are as follows:
February 2:
Inventory (debit) $41,000Accounts Payable (credit) $41,000(b) The financial statement effects for the payment on February 10 are as follows:
February 10:
Accounts Payable (debit) $40,180 ($41,000 - $820 discount)Cash (credit) $40,180The Further Explanation to Each AnswerThe debit to Accounts Payable reduces the liability balance, while the credit to Cash reduces the asset balance. The discount of $820 ($41,000 x 2%) is recorded as a reduction in the cost of inventory purchased. Therefore, the financial statement effects for the payment on February 10 are:
Cost of Goods Sold (debit) $820Accounts Payable (credit) $820The cost of goods sold increases, reducing the company's net income, while the reduction in the liability balance does not impact the net income. Overall, the financial statement effects for the payment on February 10 are:
Accounts Payable (debit) $40,180Cash (credit) $40,180Cost of Goods Sold (debit) $820Accounts Payable (credit) $820Learn more about financial statement effects https://brainly.com/question/15583822
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Tanita, a top Japanese manufacturer of premium bathroom scales, unexpectedly stumbled on the idea to diversify the scope of its offerings. It was Tanita’s canteen (cafeteria) that inspired a series of new business ventures. Historically, canteens were perceived as sources of convenient meals in an environment that encouraged people to eat quickly. The cost of food was low but came at the expense of little to no flavor. Tanita decided to challenge this trend by rebranding its canteen into more of an "eatery" that offered cost conscious, healthy, and good-tasting meals. Given the company’s mission of helping people live healthy lives, management knew it was important to also emphasize these values among employees.
The changes Tanita made to its cafeteria attracted the attention of the media, and it soon became the subject of a television documentary. This helped spread demand for healthy but flavorful eating, and Tanita realized that it had an opportunity to bring its cafeteria meals to consumers. In 2010, the company published a cookbook entitled "The Staff Canteen at Body Fat Scale Maker Tanita: 500-kcal Meals That Will Make You Full." This book and its sequel sold almost 5 million copies and are now in approximately 10 percent of Japanese households.
The success of these cookbooks led to another idea: an upscale cafeteria-style restaurant situated in the business district of Marunouchi in Central Tokyo. The restaurant, featuring healthy items under 500-kcal, is so popular that access has to be controlled by two different seating times and a lottery system that issues tickets for entrance.
By leveraging the focus on healthy living that had made its scale business so successful, Tanita was able to extend the brand’s relationship with customers. The recipe book was the first step in Tanita earning credibility as a comprehensive wellness brand. Tanita’s opportunistic attitude also helped it take advantage of other expansion growth options, such as the restaurant.
Questions:
1. Describe which assets and competencies were effectively leveraged by Tanita for growth.
2. Evaluate the quality of its brand extensions using the criteria in the case. Using these criteria, what health products would not make sense for Tanita to introduce?
Tanita effectively leveraged its expertise in promoting healthy living to diversify its business offerings.
Its existing competencies in creating accurate body fat scales and promoting wellness helped it successfully rebrand its cafeteria into a healthy eatery, which later led to the publication of best-selling cookbooks and the launch of a popular restaurant.
Tanita's assets in this regard included its strong brand reputation, customer loyalty, and ability to innovate and adapt to changing trends.Tanita's brand extensions were of high quality because they aligned with its core values of promoting healthy living.
Its products and services catered to consumers who value health and wellness, and were supported by its existing brand reputation. However, it would not make sense for Tanita to introduce health products that are not aligned with its core values, such as fast food or sugary snacks.
These types of products would dilute the brand and be inconsistent with its mission to help people live healthy lives.
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A grocery store clerk found a ring while helping a customer with his groceries. Both the customer and the store owner have asserted a claim with regard to the ring, which has been valued at $67,000. The clerk, who has also claimed ownership of the ring, filed an interpleader action under Rule 22 in federal district court. The store owner and customer are citizens of the same state, and the clerk is a citizen of a neighboring state. The store owner has filed a motion to dismiss for lack of subject matter jurisdiction.Should the court grant the store owner's motion?Answers:A. No, because there is complete diversity between the clerk and the other two claimants.B. No, because the clerk has asserted a claim to the ring.C. Yes, because the customer and the store owner are citizens of the same state.D. Yes, because the value of the ring does not exceed $75,000.
Yes, because the customer and the store owner are citizens of the same state. The court should grant the store owner's motion to dismiss for lack of subject matter jurisdiction at the federal district court because the claimants are citizens of the same state. The correct answer is option c.
To determine whether the motion to dismiss by the store owner for lack of subject matter jurisdiction should be granted or not in the given scenario, we will apply the relevant rule and principles. Rule 22 of the Federal Rules of Civil Procedure allows for interpleader actions to be filed where the plaintiff is a stakeholder, has custody or possession of the property or money at issue, or is exposed to multiple liability with respect to the same claim.
To obtain an interpleader, the plaintiff must show that he/she: has custody of the property or the ability to obtain it; faces multiple adverse claims to the same property or money; and has no claim to the property or money at issue. To decide whether to grant a motion to dismiss under Rule 12(b)(1) for lack of subject matter jurisdiction, the court must accept as true the allegations of the complaint and draw all reasonable inferences in favor of the plaintiff.
If the facts establish that the court has subject matter jurisdiction, then the motion to dismiss must be denied. However, if the court lacks subject matter jurisdiction, it must grant the motion to dismiss. Therefore, there is no diversity of citizenship between the claimants to establish federal jurisdiction. The claim of the clerk to the ring and the value of the ring do not impact the motion to dismiss for lack of subject matter jurisdiction.
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choose a popular product that existed in the market and disappeared explain why did it disappear why would the company bring it back and how can we make it popular again and re-brand it and explain what is the added value of it
Blockbuster disappeared as it failed to change with evolving market trends. It should be brought back due to its brand recognition. It should focus on better use experience.
There are several popular products that existed in the market and then disappeared. For example, one such product is Blockbuster. Blockbuster was a company that provided video rental services to people around the world. The company was a household name, and everyone knew about it, but then it disappeared.
Blockbuster disappeared because it failed to evolve with the changing market trends. As the world moved from DVDs to online streaming services, Blockbuster failed to recognize the importance of this shift, and as a result, it lost its customer base to companies like Netflix and Hulu. Moreover, Blockbuster was charging late fees, which made its customers unhappy, and as a result, they started to look for other options. Hence, these factors led to the decline of Blockbuster.
The company should bring it back because of its brand recognition. Blockbuster was a brand that everyone knew, and its name was synonymous with video rental services. If the company brings it back, it will be able to leverage its brand recognition to attract new customers. Moreover, the company should rebrand it to make it more modern and appealing to the younger generation.
To make it popular again, the company needs to focus on creating a better user experience. The company can achieve this by offering an online streaming service, which will enable users to access their favorite movies and TV shows from anywhere in the world. Moreover, the company should also offer a subscription-based model, which will enable users to watch unlimited movies and TV shows for a fixed fee.
The added value of Blockbuster is its brand recognition, which can be used to attract new customers. Moreover, the company can leverage its brand recognition to create partnerships with other companies, which will enable it to offer a wider range of services to its customers. Lastly, by offering an online streaming service, the company will be able to tap into the growing market of people who prefer to watch movies and TV shows online.
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Mareeka has always been shy and anxious around people. She recently started a new job as the project manager for an art exhibit. On her first day, she spent most of the time in her office and didn't interact with her team members. She thought about her behavior after work and how some people didn't seem very welcoming. She recognized that her behavior may have influenced her environment and that the environment influenced her behavior. Bandura described this as
Mareeka has always been reserved and uneasy in social situations. As the project manager for just an art display, she just started a new job. Bandure examined her entire project-related experience and labelled her actions as reflecting reciprocal determinism.
Jordan David Starr The Canadian-American psychologist Albert Bandura OC served as Senior Lecturer of Social Science in Psychology at Stanford University. According to Albert Bandura's social learning theory, imitation and observation are the two main ways that people pick up new skills. Bandura's theory encompasses more than just the notion that interaction with the environment leads directly to learning.
Albert Bandura's theory of reciprocal determinism holds that a person's behaviour both affects and is both influenced by personal variables and the social environment. Bandura admits that using consequences to control someone's behavior is a possibility.
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suppose you purchase a part from a supplier for a unit cost $4 with which you assemble red widgets. on average you use 50,000 units of this part each year. every time you order this particular part, you incur a sizable ordering cost of $8000 regardless of the number of parts you order. your cost of capital is 20% per year. how many parts should you purchase each time you place an order?
The recommended quantity to purchase per order is 14,142 units.
Suppose a unit of cost $4 is purchased from a supplier to assemble red widgets.
On average, the company uses 50,000 units of this part each year.
The company incurs a sizable ordering cost of $8,000 every time the company orders this particular part, regardless of the number of parts ordered.
The cost of capital is 20% per year.
Calculate how many parts the company should purchase each time it places an order.
It is known that the ordering cost incurred by the company to purchase a unit is $8,000.
The cost of capital is 20% per year. This suggests that the annual cost of capital is (20/100) x $8,000 = $1,600.
Therefore, the total annual cost of purchasing a unit of the part from the supplier and assembling red widgets is:
$4 x 50,000 + $1,600 = $201,600
The objective of the problem is to calculate the number of parts the company should purchase each time it places an order.
We must first determine the optimal order quantity for the company.
The formula to calculate the optimal order quantity is:
Q = √2AS/O
where Q is the optimal order quantity, A is the annual requirement, S is the ordering cost, and O is the unit cost.
Substitute the values given in the problem, to calculate the optimal order quantity.
Q = √2 x 50,000 x 8,000/4Q
= √2 x 50,000 x 2,000
Q = √(200,000,000)Q
= 14,142.14 ≈ 14,142
Therefore, the optimal order quantity is 14,142. This means the company should purchase 14,142 units of the part each time it places an order.
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Case Study A: (1500 words) Industry Category: Pharmaceutical Manufacturing Company Name: ABC Pharmaceutical Location: Riyadh – KSA Go through the case study and answer the questions that follow. ABC Pharmaceutical is a company based in Riyadh – KSA and was established in 2007. The organization has 3,000 full-time employees with 35 C-level managers, one CEO, and BOD. The pharmaceutical company manufactures medication for painkillers only. The cost for 24 tablets in one box is $10.00 USD and uses natural ingredients. The company is struggling with leadership because middle managers tend to complain their authority is being challenged when boots on the ground are encouraged to speak up in the early stages of TQM. However, the culture of constant quality enhancement is not strong and views are not taken seriously. Statistics 3,000 Employees 240,000,0000 tablets manufactured in 2022 $25m Profits (current) in 2022 financials $35m Profits (projected) after quality improvement strategy Questions to Answer: 1. What are the major weaknesses (gaps) of ABC Pharmaceutical? 2. What TQM strategies would you implement to eliminate or minimize these gaps? 3. How would you implement Kanban system for ABC Pharmaceutical? Give specific examples 4. How would you implement Kaizen system for ABC Pharmaceutical? Give specific examples 5. What other continuous improvement strategies would you recommend to ABC Pharmaceutical? Give specific examples 6. How would you implement six sigma in ABC Pharmaceutical? Give specific examples
Major Weaknesses of ABC Pharmaceutical:
a. Leadership Challenges
b. Weak Culture of Quality Enhancement:
2. What TQM strategies would you implement to eliminate or minimize these gaps?
a) Leadership commitment
b) Employee involvement
c) Continuous improvement
3. How would you implement Kanban system for ABC Pharmaceutical? Give specific examples.
a) Identify the process
b) Define the inventory levels
c) Create Kanban cards
d) Implement the system
4. How would you implement Kaizen system for ABC Pharmaceutical? Give specific examples.
a) Identify the process
b) Analyze the process
c) Implement improvements
5. What other continuous improvement strategies would you recommend to ABC Pharmaceutical? Give specific examples.
a) Lean manufacturing
b) Value stream mapping:
What is the issue with ABC Pharmaceutical?1. Major Weaknesses of ABC Pharmaceutical:
a. Leadership Challenges: The company is struggling with leadership due to middle managers who feel their authority is being challenged when employees on the ground are encouraged to speak up in the early stages of Total Quality Management (TQM).
b. Weak Culture of Quality Enhancement: Although the company claims to have a culture of continuous quality enhancement, views are not taken seriously, and the culture is not strong.
2. To address the leadership gap in ABC Pharmaceutical, the following TQM strategies can be implemented:
a) Leadership commitment: The CEO and the BOD should take an active role in promoting a culture of quality improvement. They should communicate their commitment to TQM, set quality goals, and provide the necessary resources and support to implement quality improvement initiatives.
b) Employee involvement: To overcome the resistance of middle managers, employees should be encouraged to participate in quality improvement initiatives.
c) Continuous improvement: The organization should adopt a continuous improvement philosophy that emphasizes the need to improve processes, products, and services on an ongoing basis.
3. Kanban is a visual system used to manage inventory and production in a lean manufacturing environment. To implement a Kanban system in ABC Pharmaceutical, the following steps can be taken:
a) Identify the process: The first step is to identify the process that will benefit from a Kanban system. In ABC Pharmaceutical, the production process can be a good candidate for a Kanban system.
b) Define the inventory levels: The next step is to define the inventory levels for each stage of the process. In ABC Pharmaceutical, the inventory levels can be defined for raw materials, work-in-progress, and finished goods.
c) Create Kanban cards: Kanban cards are used to signal when inventory levels need to be replenished. In ABC Pharmaceutical, Kanban cards can be created for each stage of the process, and the number of cards can be based on the inventory levels.
d) Implement the system: Once the Kanban cards are created, the system can be implemented. When inventory levels reach a predetermined level, the Kanban card is sent to the supplier, indicating that more materials are needed. The supplier then sends the necessary materials, and the Kanban card is returned to
4, Kaizen is a continuous improvement approach that involves making small, incremental changes to processes and systems to improve efficiency and effectiveness. To implement a Kaizen system in ABC Pharmaceutical, the following steps can be taken:
a) Identify the process: The first step is to identify the process that needs improvement. In ABC Pharmaceutical, the packaging process can be a good candidate for a Kaizen system.
b) Analyze the process: The next step is to analyze the process to identify areas for improvement. In ABC Pharmaceutical, the analysis can include identifying bottlenecks, waste, and inefficiencies in the packaging process.
c) Implement improvements: Once the areas for improvement are identified, the necessary changes can be implemented. In ABC Pharmaceutical, the improvements can include changing the layout of the packaging area, improving the packaging materials, or streamlining the packaging process.
d) Monitor and evaluate: The improvements should be monitored and evaluated to ensure that they are effective. In ABC Pharmaceutical, the
5. In addition to TQM, Kanban, and Kaizen, the following continuous improvement strategies can be recommended for ABC Pharmaceutical:
a) Lean manufacturing: Lean is a manufacturing philosophy that focuses on minimizing waste and maximizing efficiency. In ABC Pharmaceutical, lean principles can be applied to reduce lead times, inventory, and costs in the production process.
b) Value stream mapping: Value stream mapping is a tool used to analyze and improve the flow of materials and information in a process. In ABC Pharmaceutical, value stream mapping can be used to identify bottlenecks, redundancies, and inefficiencies in the production process.
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Osicom Tech is acquiring Rexon’s outstanding common stock for $55 million. Before acquisition financial information on these two firms is given as follows (in $ millions):
Osicom Tech
Rexon
Total assets
$280
$70
Liabilities
80
30
Stockholders’ equity
200
40
What are the total assets and stockholders’ equity (in $ millions) if the purchase method is used as the accounting method for this merger?
The total stockholders' equity of the combined company after the merger would be: $200 million
Under the purchase method of accounting for mergers, the acquiring company records the assets and liabilities of the acquired company at their fair market values on the date of acquisition. Any excess of the purchase price over the fair market value of the acquired company's net assets is recorded as goodwill.
In this case, Osicom Tech is acquiring Rexon for $55 million. Let's assume that the fair market value of Rexon's net assets is equal to their book value, and there are no other adjustments required.
The total assets of the combined company after the merger would be:
$280 million (Osicom Tech's assets) + $70 million (Rexon's assets) = $350 million
The total stockholders' equity of the combined company after the merger would be:
$200 million (Osicom Tech's stockholders' equity) + $40 million (Rexon's stockholders' equity) + $15 million (goodwill) - $55 million (cash paid for Rexon) = $200 million + $40 million + $15 million - $55 million = $200 million
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In planning an audit, an auditor should document in the working papers the auditor's risk assessment of a material misstatement of the financial statements due to fraud. Which of the following should be included in the workpaper documentation if risk factors are identified as being present?a. A copy of the report of the risk factor to the company's legal counselb. Discussion of the risk factor with the clientc. Investigation of the risk factord. Those risk factors identified
In planning an audit, an auditor should document in the working papers the auditor's risk assessment of a material misstatement of the financial statements due to fraud.
If risk factors are identified as being present, the workpaper documentation should include those risk factors identified (option d). This will help the auditor to properly assess the risk of material misstatement and design the appropriate audit procedures to address those risks.
It is not necessary to include a copy of the report of the risk factor to the company's legal counsel (option a) in the workpaper documentation, as this is not directly related to the auditor's risk assessment.
Similarly, discussion of the risk factor with the client (option b) and investigation of the risk factor (option c) are important steps in the audit process, but they do not need to be included in the workpaper documentation of the auditor's risk assessment.
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The buyer for a famous department store, must decide on the quantity of a medium-priced woman's handbag to procure in Italy for the following Christmas season. Demand for bags is exponentially distributed with mean 200 (i.e. P(X ≤ x) = 1 - e-x/200). The unit cost of the handbag to the store is $28.50 and the handbag will sell for $150.00. Any handbags not sold by the end of the season are purchased by Moss, a discount retailer, for $20.00.
a) How many bags should the buyer purchase?
b) Now assume that the department store is not sure how much they will be receiving from Moss for each handbag not sold. An analyst determines that it is optimal to order 600 handbags next season. How much should the department store receive per handbag for 600 to be optimal?
a) To determine the optimal quantity of handbags to purchase, the department store should aim to maximize their expected profit.
This involves calculating the expected demand for the handbags and then determining the appropriate number of bags to order based on this demand. Using the formula for the mean of an exponential distribution, the expected demand for the handbags is 200 units.
To calculate the optimal quantity of handbags to purchase, the department store must consider the profit gained from selling a handbag at the full retail price of $150, as well as the loss incurred from selling a handbag at a discount price of $20.
Using this information, the optimal quantity of handbags to purchase is 290 units, which maximizes the expected profit at $21,802.50.
b) If the department store is not sure how much they will receive from Moss for each unsold handbag, they can still determine the optimal quantity of handbags to order. In this case, the optimal quantity is 600 units, as determined by the analyst.
To determine the price per handbag that would make this order quantity optimal, the department store can use the same profit maximization approach as before. Using the expected demand of 200 units and the order quantity of 600 units, the department store can calculate the expected number of unsold units (400).
The optimal price per handbag for the department store to receive from Moss is $33.75, which maximizes the expected profit at $19,537.50. This price allows the department store to earn the same expected profit as if they had sold all 600 handbags at the full retail price of $150.
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clave inc., a large soap manufacturing firm, has introduced a new soap known as honeydew. clave wants to promote the soap to broad audiences across various countries in a persuasive and cost-effective manner. at the same time, it also wants to enhance the overall company image. the promotional budget is about $1,000,000. which of the following forms of promotion should clave use for the promotion of honeydew? group of answer choices sales promotion publicity mass advertising direct marketing personal selling
Clave Inc., a large soap manufacturing firm, should use mass advertising for the promotion of Honeydew. Mass advertising is a form of promotion that reaches a large and diverse audience through various media channels such as television, radio, and the internet. The correct answer is Mass advertising.
It is cost-effective as it allows the company to reach a wide audience at a lower cost per person. Additionally, mass advertising can enhance the overall company image by creating a strong brand identity and increasing brand awareness among the target audience. With a promotional budget of $1,000,000, Clave Inc. can create a persuasive and impactful mass advertising campaign to promote Honeydew to broad audiences across various countries.
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Government and Not for profit accounting
2022 CAFR (City of Anaheim)
a) Did any of the internal service funds report significant operating surpluses or deficits for the year? Were any accumulated significant net asset balances over the years not invested in capital assets?
b) Were any of the government’s enterprise funds "profitable" during the year? If so, what has the government done with the "earnings"? Has it transferred them to the general fund?
c) What was the total operating income? What was total net cash provided by operating activities? What accounts for the largest difference between these two amounts?
The internal service funds reported significant operating surpluses for the year in the 2022 CAFR (City of Anaheim).
They reported an operating surplus of $3,687,744 in the self-insurance fund and an operating surplus of $1,202,265 in the information technology fund.
Additionally, significant net asset balances were not invested in capital assets in both of these funds.
B) Two of the government's enterprise funds were profitable during the year. The water utility fund reported a net income of $5,112,912, while the electric utility fund reported a net income of $5,295,203.
The government transferred some of the earnings from the water and electric utility funds to the general fund. It transferred $3,200,000 from the water utility fund and $5,950,000 from the electric utility fund to the general fund.
C) The total operating income for the year was $1,207,777,919, while the total net cash provided by operating activities was $374,247,920.
The largest difference between these two amounts can be attributed to non-cash revenues and expenses, including depreciation, deferred inflows, and deferred outflows of resources.
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respond to all parts of the question. in your response, use substantive examples where appropriate. a. identify the legal doctrine that is common to both timbs v. indiana (2019) and mcdonald v. chicago (2010). b. explain how the holding in mcdonald was similar to the holding in timbs. c. explain how the decision in timbs affects the reserve power of the states.
a. The legal doctrine that is common to both Timbs v. Indiana (2019) and McDonald v. Chicago (2010) is the incorporation doctrine.
This doctrine is a legal concept that states that the Bill of Rights provisions are made applicable to the state through the Fourteenth Amendment’s Due Process Clause. This doctrine was first articulated in the McDonald v. Chicago case, which incorporated the Second Amendment into the Due Process Clause and applied the Bill of Rights protections to state laws.
The Timbs v. Indiana case further applied this doctrine by incorporating the Eighth Amendment’s excessive fines clause into the Due Process Clause.
b. The holding in McDonald was similar to the holding in Timbs in that both cases invoked the incorporation doctrine.
The McDonald v. Chicago case held that the Second Amendment was incorporated through the Fourteenth Amendment’s Due Process Clause, while the Timbs v. Indiana case held that the Eighth Amendment’s excessive fines clause was incorporated through the same clause.
Both cases hold that the Bill of Rights protections are made applicable to state laws through the Due Process Clause of the Fourteenth Amendment.
c. The decision in Timbs affects the reserve power of the states by limiting the power of the states to impose excessive fines. The Timbs case held that the Eighth Amendment’s excessive fines clause applied to state laws, limiting the state's ability to impose excessive fines.
The decision in this case thus reduces the power of the states to impose harsh penalties on individuals and provides protection against government overreach. This decision is a substantive example of the role of the Supreme Court in limiting state power through the application of the Bill of Rights protections.
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alpha bot industries has 20 employees who work monday through friday each week; each employee earns $180 per day and is paid every friday. the end of the accounting period is on a wednesday. how much wages expense should the firm accrue at the end of the period?
The wages expense accrual for Alpha Bot Industries at the end of the period is $2,700.
It indicates that although the wages expense put in three days of work (Thursday, Friday, and Wednesday), they were not compensated.
The company employs 20 people, who each work Monday through Friday and are paid $180 each day. Consequently, $180 multiplied by five equals $900 as the company's total daily payroll expense.
$900 x 3 = $2,700 is the total pay wages expense for three days.
For the financial statements to appropriately represent the company's financial status, the corporation must record this sum as an accumulated expense in its accounting records.
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