Decreasing the size of the organizations workforce is the turnaround strategy used by an organization human resource managers .
What is turnaround strategy ?
A turnaround plan involves restructuring or turning the company's current strategy on its head. Companies typically use this tactic when a unit or department is losing money or has been doing poorly for a while.
Underperformance may have a variety of causes. It's possible that the management isn't doing its job properly. Or perhaps a recessionary period is what the economy is going through. It's possible that consumer preferences and tastes have altered. Or a natural disaster might have struck the nation. Similar to this, the company can be dealing with a significant increase in input costs or the entry of new competitors. A financial or liquidity problem could also be present.
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If taxpayers were given a tax rebate, what impact would this have on the aggregate demand curve?
Explanation:
An increase in income taxes reduces disposable personal income and thus reduces consumption (but by less than the change in disposable personal income). That shifts the aggregate demand curve leftward by an amount equal to the initial change in consumption that the change in income taxes produces times the multiplier.
If you wanted to understand the overall profitability of a company, you would study the _______ section of the marketing plan.
If you wanted to understand the overall profitability of a company, you would study the Financials section of the marketing plan.
This is further explained below.
What is the marketing plan.?Generally, There is a possibility that a marketing strategy will be included in an overall company plan.
To ensure that one's objectives are met, an effective marketing strategy must serve as the basis of an organized and detailed marketing plan.
A marketing plan could include a to-do list, but if it does not have a solid basis in terms of strategy, it is not going to be of much help to a company.
In conclusion, You should read the portion of the marketing plan under "Financials" if you are interested in gaining an understanding of the total profitability of a firm.
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If there are no taxes, the economy is in equilibrium when disposable income equals?
There are no business taxes, no income taxes, and no social security taxes, so disposable personal income equals Net National Product (NNP).
The NNP is defined as the entire market value of the goods and services produced by a country over a given time period (often a year), less depreciation. The NNP is a tool that economists typically use to report on the development and strength of a nation-state. It can be used to compare a country's development to that of other nations.
NNP is calculated using the following equation: NNP = Market Value of Finished Goods + Market Value of Finished Services - Depreciation.
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A form of business ownership that provides limited liability, as in a corporation, but is taxed like a partnership is a(n)?
A form of business ownership that provides limited liability, as in a corporation, but is taxed like a partnership is a(n) limited liability company (LLC).
What Is a Limited Liability Company (LLC)?
In the United States, a limited liability company (LLC) is a type of corporate structure that shields its owners from being held personally liable for the obligations of the firm. Limited liability companies are hybrid legal entities with traits shared by corporations, partnerships, and sole proprietorships.
The provision of flow-through taxes to the members of an LLC is a feature of a partnership rather than an LLC, despite the fact that the limited liability aspect is similar to that of a corporation.
A corporate form known as a limited liability company (LLC) shields its owners from being held personally liable for the obligations of the company.
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Company k incurs a $22,000 deductible expense. compute the current year tax savings from the deduction assuming that:_________
Company k incurs a $22,000 deductible cost. compute the modern-day year tax financial savings from the deduction assuming that: as this is a loss, any extra deduction will create extra losses, so no tax financial savings.
Before deduction earnings =65000
after deduction expense of 22000, taxable profits=65000-22000=43000
therefore the marginal tax price is 7%, which means tax financial savings = 22000*7%=1540
A tax is an obligatory charge or economic fee levied through any government on a character or an enterprise to collect revenue for public works presenting nice facilities and infrastructure. The gathered fund is then used to fund extraordinary public expenditure programs.
Taxes are the number one source of sales for most governments. among different matters, this cash is spent to enhance and hold public infrastructure, which includes the roads we tour, and fund public offerings, which include colleges, emergency services, and welfare programs.
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Dentify the three mobile device management policies. . bring your own device dual persona technology containerization company-issued, personally enabled choose your own device.
The three mobile device management policies are as follows:
Choose Your Own DeviceCompany-Issued, Personally EnabledBring Your Own DeviceWhat's the purpose of mobile device management policies?A mobile device management policy controls the use and security of mobile devices within your organization. Without mobile usage guidelines, your company is vulnerable to cybersecurity hazards, theft, and corporate espionage attempts.Mobile smartphones are some of the least regulated and most exposed devices utilized by employees. Once any tool leaves the confines of your office, your equipment and sensitive information are at risk due to the likelihood of security breaches.Contractors, part-time and full-time employees, and other staff members must all abide by MDM regulations if they access company data on a mobile device. If you hire contractors frequently, make sure to inform them of MDM guidelines and, if required, create non-disclosure agreements (NDAs).To know more about mobile device management policies visit:
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In job order costing, the journal entry for the flow of direct materials into production consists of a group of answer choices debit work in process, credit materials debit work in process, credit supplies debit materials, credit work in process debit factory overhead, credit materials
In job order costing, the journal entry for the flow of direct materials into production is Debit work in process, credit materials.
When clients purchase discrete, tiny quantities of goods, a mechanism called job order costing is used. This approach establishes the cost of each particular product and makes sure that it is affordable enough for a client to buy it while yet enabling the business to turn a profit.
The cost of the partially finished products is tracked using the asset account known as the work-in-process inventory account. The value of the WIP inventory that was accessible at the beginning of the accounting period is included in the work-in-process inventory account.
Credit Materials are the references and attributions that include the appropriate symbols, graphics, and text that designate a Party as the creator of the Content (where applicable).
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If the federal funds market is at equilibrium at point c and the federal reserve decides to conduct an open-market sale, then it must be trying to set a:______
Lower the market's reserve level to increase the target federal funds rate.
How Do Federal Funds Work?
Federal funds, often known as fed funds, are surplus reserves that commercial banks and other financial institutions deposit with regional Federal Reserve banks. These funds can subsequently be lent to other market participants who lack the necessary cash on hand to meet their lending and reserve needs. Since the majority of these loans are issued for the overnight period, they are unsecured and have a relatively low interest rate known as the federal funds rate or overnight rate.
Federal funds are extra reserves that financial institutions hold over and above the central bank's mandated reserve requirements.
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The ________ concept is specifically focused on the future welfare of consumers.
The correct option is (A) Social marketing.
The social marketing concept specifically focuses on the future welfare of customers, but not on future company needs.
What is social marketing?Social marketing is a technique that makes use of marketing resources to encourage social change. Economic, environmental, and social reasons are promoted by social marketers. They raise topics including global warming, sustainability, public health, and poverty, among others.
How is social marketing used?In order to encourage the adoption and maintenance of healthy behaviours, social marketing now employs commercial marketing techniques. These techniques include target audience analysis, identification of targeted behaviour change objectives, message customization, and adaptation of branding strategies.
What characteristics define social marketing?Social marketing aims to alter people's behaviour for the betterment of society as a whole by utilising social science and commercial marketing ideas.
• Behaviour
• Focus on customers
• Theory
• Insight
• Exchange
• Competition
• Segmentation
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The complete question is :
“The ________ concept specifically focuses on the future welfare of customers, but not on future company needs.
A) societal marketing
B) strategic planning
C) sustainable marketing
D) marketing
E) selling”
In the circular flow model, profits flow between which two sectors (markets are not considered sectors)?
From firms to households profits flow between these two sectors in the circular flow model.
What is the 2 sector circular flow model ?
An economic model called the circular flow model demonstrates how resources such as money, goods, and services travel through different economic sectors. The model is sometimes referred to as the circular flow of income because the money flows between the sectors are also tracked to calculate a nation's national income or GDP.
For a clearer overview of the economy as a whole and, for example, the National Income and Product Accounts, analyze the circular flow of income (NIPAs). In its simplest form, it takes into account a simple economy made up only of firms and individuals, and it can be illustrated using a "circular flow diagram." Individuals supply the labor necessary for businesses to generate commodities and services in this straightforward economy.
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If a $2 excise tax is collected from pumpkin buyers on each pumpkin sold, then the demand curve for pumpkins will shift __________ by $2, thereby _________ the equilibrium price.
If a $2 excise tax is collected from pumpkin buyers on each pumpkin sold, then the demand curve for pumpkins will shift Leftwards by $2, thereby Decreasing the equilibrium price.
Demand Curve
A demand curve in economics is a graph that shows the relationship between the cost of a given good and the amount that is desired at that cost. Demand curves may be applied to both the price-quantity connection for a single customer and the price-quantity relationship for all consumers in a given market.Is the demand curve going down or up?Slopes downhill
A demand curve often has a downward sloping shape, as previously mentioned. The demand curve for the majority of items, if not all of them, follows this rule. Rare instances of products with upward-sloping demand curves may exist. A Giffen good is one with an increasing slope on the demand curve.To Learn more about Demand Curve, Click the links,
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Tom produces baseball gloves and baseball bats. Steve also produces baseball gloves and baseball bats, but tom is better at producing both goods. In this case, trade could.
In this case, trade could benefit both Steve and Tom.
What is trade?
Trade, which is typically done in exchange for money, is the transfer of goods and services from one person or institution to another. Economists refer to a system or network that allows trading as a market.
While Tom makes baseball bats and gloves. Baseball bats and gloves are another product that Steve makes, but Tom excels at both. Here, a trade might be advantageous to both Tom and Steve. The fundamental reasoning behind this response is that even though Steve is not better at making baseball gloves and bats than Tom, he can still compete with him because Tom's higher-quality goods will encourage Steve to produce something slightly more superior in order to keep him in the market and in the competition. However, when Steve isn't creating as many high-quality goods, Tom will get a competitive advantage, which will undoubtedly assist him to increase his revenues and win over more devoted clients. As a result, in this cycle, both Steve and Tom will benefit.
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Reporting revenues when the goods or services are provided and expenses when they are incurred is called:________
Reporting revenues when the goods or services are provided and expenses when they are incurred is called accrual accounting.
What is accrual accounting?
Accrual accounting is a method used to record revenues or expenses where revenue is recorded when a service is provided and an expense is recorded when incurred.
The purpose of accrual accounting is to match income and expenses with the period in which they occur. The accrual accounting method is the method approved by the IFRS and the US GAAP.
In contrast to accrual accounting, there is another accounting method known as cash accounting. In cash accounting, revenue is recorded only when cash is received and expenses are recorded only when cash is paid.
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Imagine two economies that are identical except that for a long time, economy a has had a money supply of $1,000 billion while economy b has had a money supply of $500 billion. it follows that.
Imagine two economies that are identical except that for a long time, economy a has had a money supply of $1,000 billion while economy b has had a money supply of $500 billion. it follows that the economy with extra money.
If the govt takes no action to counter this, then the particular price index is below the worth level that individuals expected. Various factors can shift both the short-run economy and long-run aggregate supply curve rightwards like an increment within the technology level, a rise within the level of human capital, a rise within the level of existing capital stock, et cetera.
When the economy is doing well, the financial market is additionally certain to have best. Whether or not the economy is declining, the financial market can still do best. A pecuniary resource increase will tend to lift the worth level within the future. A finances increase can also increase national output.
A funds increase will raise the economy worth level more and national output less the lower the per centum of labor and capital is. A rise within the pecuniary resource level in an economy within the short run translates to a decline in charge per unit. the autumn within the rate further causes an increase in investment because of borrowing costs.
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You are a stakeholder who has just designated a business function as critical. what must you do now?
You should now dedicate resources to protect the function.
Who are stakeholders?A stakeholder is a party with an interest in a business who has the potential to influence or be affected by it. A typical corporation's investors, employees, clients, and suppliers make up its main stakeholders.
However, the idea has been broadened to encompass communities, governments, and trade groups as a result of the growing focus on corporate social responsibility.
An organization's stakeholders may be internal or external. Internal stakeholders are those who have a direct interest in a firm, such as through employment, ownership, or investment.
External stakeholders are those who don't work for a company directly but are still impacted by its decisions and results. Suppliers, borrowers, and government agencies are all regarded as external stakeholders.
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Verifying accounts receivable and insurance policies with customers and is done to test the ______ assertion.
The correct answer is existence.
The claim that the assets, liabilities, and shareholder equity balances shown on a company's financial statements exist as of the end of the accounting period that the financial statement covers is known as the assertion of existence.
Which 5 accounting assertions are there?The following five statements on how information is presented in the financial statements and related disclosures are categorized as assertions:
a) accuracy.
b) a state of completion.
c) an occurrence.
d) rights and responsibilities.
e) understandability.
The existence claim is supported by the balances of the assets, liabilities, and equity that are shown in the financial statement. For instance, it is the auditor's responsibility to confirm the presence of inventory that is listed on the balance sheet as having a $10,000 cost. Verifying the balances of the accounts receivable follows the same procedure.
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How does the problem of limited and bundled choice in the public sector relate to economic efficiency? why are public bureaucracies possibly less efficient than firms?
The answer is limited and bundled choice within the political process tends to reduce economic efficiency because blocks of public goods and social programs are provided. That is, rather than evaluating each public good and social program on its respective costs and benefits the politician chooses all programs together.
If the general public sector, a bureaucracy, fails to use its resources efficiently then the market isn't there to discipline it. during this case, the bureaucracy continues to work inefficiently. However, bureaucracies provide public goods and social services that remedy potential market failures through regulation and direct provision. Thus, the market analogy might not apply.
Bureaucracy comes from the word bureaucracy which is defined as an organization that has a chain of command in the shape of a pyramid, where more people are at the bottom level than at the top level, usually found in civil and military agencies.
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Swiss franc jan 94 calls on the phlx are quoted at 2. the contract size is 10,000 swiss francs. what is the total premium for 1 contract?
The total premium for 1 contract is $200.
Given,
Swiss franc Jan = 94 calls
PHLX are quoted at 2
Contract size = 10,000 swiss francs
Total premium for 1 contract = ?
The world currency options are standardized, using a multiplier of 100 applied to the premium.
A premium of 2 × multiplier of 100 = $200 total premium per contract.
Since 1 contract is purchased, 200 × 1 contract = $200 total premium.
Thus, is can be also calculated as, contract size = 10,000 units of currency x a premium of 1/2 cent ($2) = $200 per contract x 1 contract = $200.
Hence, the total premium for 1 contract is $200.
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According+to+___________________,+if+the+money+supply+grows+at+6%,+real+gdp+grows+at+2%,+and+the+velocity+of+money+is+constant,+then+the+inflation+rate+will+be+approximately
According to the quantity theory of money, if the money supply grows at 6%, real GDP grows at 2%, and the velocity of money is constant, then the inflation rate will be approximately
Quantitative Theory of Money
A subfield of economics called monetary economics examines various monetary ideas. The quantity theory of money is one of the main research areas for this school of economics (QTM). The general level of prices for goods and services in an economy is inversely correlated with the money supply, according to the quantity theory of money. Although the Polish mathematician Nicolaus Copernicus first proposed this hypothesis in 1517, Milton Friedman and Anna Schwartz later popularised it after the release of their book "A Monetary History of the United States, 1867-1960" in 1963.
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Incomplete Question
Thomas jefferson disagreed with alexander hamilton’s economic plan primarily because he feared that it would.
The main reason why Thomas Jefferson opposed Alexander Hamilton's economic plan was because he believed it would favor urban mercantile interests over agricultural ones.
In Hamilton's proposal, the federal and state debts would be paid off by the government. He demanded that the government acquire all of the bonds issued before 1789 by the federal and state governments. Then, he intended to issue fresh bonds to settle the previous debts. The government would then be able to repay the new bonds as the economy improved. Many people supported Hamilton's plan, including bankers and investors. They assaulted it.
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True or false if the opportunity cost of producing an apple is 1 orange for country a and 2 oranges for country b, there are terms of trade that allow both countries to benefit trade.
the opportunity cost of producing an apple is 1 orange for country a and 2 oranges for country b, there are terms of trade that allow both countries to benefit trade. True
Mutually Beneficial Trade with Comparative Advantage :
When nations increase its production in their area of comparative advantage and trade with each other, both countries can benefit. Again, the production possibility frontier is a useful tool to visualize this benefit.
What is opportunity cost and example?
The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the opportunity cost is planting a different crop, or an alternate use of the resources (land and farm equipment). A commuter takes the train to work instead of driving.
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An increase in inventories will increase which component of gross domestic product?
An increase in inventories will increase the Investment expenditures component of gross domestic product
This is further explained below.
What is the gross domestic product?Generally, The total monetary worth of all completed products and services produced inside a nation over a certain time period is referred to as the country's gross domestic product (GDP).
The GDP gives a snapshot of a country's economy, which may be used to determine the size of an economy as well as its growth rate.
In conclusion, An increase in inventories will result in a rise in the component of gross domestic product that measures investment expenditures.
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The goods available for sale total is __________.
a) $43,000
b) $11,000
c) $97,000
d) $69,000
The goods available for sale total is $97,000.
The question discusses more about:
What is sale?
A sale is a deal in which two or more parties trade goods or services for cash or other assets, usually between a buyer and a seller.
Therefore,
The goods available for sale total is __________.
a) $43,000
b) $11,000
c) $97,000
d) $69,000
Therefore,
The goods available for sale total is $97,000.
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According to the residual dividend model, what takes priority over distributing dividends? establishing a target payout ratio financing planned projects paying off debt increasing share price
The approach to residual dividend policy is based on the idea that a company's ideal distribution strategy depends on its intended capital structure, its investment prospects, and the cost and availability of outside capital. On the basis of the residual earnings, the company distributes money.
What Is a Residual Dividend?
The amount of dividends given to shareholders under a residual dividend policy is equal to the profits remaining after the company has paid for its capital expenditures and working capital expenses. Companies that follow a residual dividend policy employ available revenues to pay dividends to shareholders before funding capital expenditures. As a result, each year's dividend payments to investors will differ in size.
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If the volume of sales were to remain at 60,000 units, what price increase would be required to attain the 6 percent increase in profits? calculate the new price.
The new price is $44.966486
What is meant by Break-even point?
In economics, business, and particularly cost accounting, the break-even point is the point at which total cost and total income are equal, or "even." Although opportunity costs have been paid and capital has received the risk-adjusted, projected return, there is no net loss or gain, and one has "broken even." The break-even threshold is reached when overall costs and total revenues are equal, leaving your small firm with no net benefit or loss. In other words, you've achieved the point in production where the revenue from a product equals the cost of manufacture.
Giving the following information:
The company sells 74,000 units for $40 per unit.
The variable production costs are $17.
Fixed costs amount to $840,000.
Of the $17 variable costs, 50 percent are from labor and 25 percent are from materials.
Inflation:
Unit labor costs to rise by 15 percent
Unit materials costs to rise by 10 percent.
Variable overhead costs are expected to increase by 20 percent. Sales prices cannot increase by more than 10 percent.
It is also expected that fixed costs will rise by 10 percent.
New prices:
Direct materials= ($17*0.25)*1.10= $4.675
Direct labor= ($17*0.50)*1.15= $9.775
Manufacturing overhead= (17*0.25)*1.20= $5.1
Total variable cost= $19.55
Total fixed cost= 840000*1.10= $924,000
New sales price= 40*1.10= $44
1) Net profit before inflation:
Sales= 74000*40=$2,960,000
Variable costs= 17*74000= $1,258,000
Contribution margin= $1,702,000
Fixed costs= 840,000
Net profit= $862,000
Now, we have to maintain the level of profit with the new prices
Break-even point= (fixed costs+profit)/(contribution margin)
Break-even point= (924000+862000)/(44-19.55)
Break-even point= 73047 units
Sales= 73047*44= $3,214,068
2) Now, profit must increase by 11%.
net profit= 862000*1.11=$956820
Break-even point= (fixed costs+profit)/(contribution margin)
Break-even point= (924000+956820)/(44-19.55)
Break-even point= 76925.15units
Sales= $3,384,706.6
3)Now, Q=74000
net profit= 862000*1.11=$956820
Break-even point= (fixed costs+profit)/(contribution margin)
Break-even point= (924000+956820)/(P-19.55)
74000=(924000+956820)/(P-19.55)
74000P- 1446700= 1880820
P=(1880820+1446700)/74000
P=$44.966486
The complete question is,
Argentina Partners is concerned about the possible effects of inflation on its operations. Presently, the company sells 74,000 units for $40 per unit. The variable production costs are $17, and fixed costs amount to $840,000. Production engineers have advised management that they expect unit labor costs to rise by 15 percent and unit materials costs to rise by 10 percent in the coming year. Of the $17 variable costs, 50 percent are from labor and 25 percent are from materials. Variable overhead costs are expected to increase by 20 percent. Sales prices cannot increase more than 10 percent. It is also expected that fixed costs will rise by 10 percent as a result of increased taxes and other miscellaneous fixed charges. The company wishes to maintain the same level of profit in real dollar terms. It is expected that to accomplish this objective, profits must increase by 11 percent during the year. Required:
a. Compute the volume in units and the dollar sales level necessary to maintain the present profit level, assuming that the maximum price increase is implemented.
b. Compute the volume of sales and the dollar sales level necessary to provide the 11 percent increase in profits, assuming that the maximum price increase is implemented.
c. If the volume of sales were to remain at 74,000 units, what price increase would be required to attain the 11 percent increase in profits? Calculate the new price.
If the marginal product decreases, what will happen to the total product and average product?
Answer: As the marginal product begins to fall but remains positive, total product continues to increase but at a decreasing rate.
Which broad field of economics would most likely study how consumers respond to a hike in cigarette taxes?
The broad field of Microeconomics would most likely study how all consumers respond to a hike in cigarette taxes.
What is Microeconomics?Microeconomics is a branch of social science that focuses on the effects of incentives and choices, particularly how they affect how resources are used and distributed.
Microeconomics explains how and why different things have varying values, how people and firms conduct themselves and profit from efficient production and trading, and how people can work together and coordinate their efforts to the greatest extent possible. Typically, microeconomics offers a more thorough and in-depth understanding than macroeconomics.
Microeconomics is the study of how people make decisions in response to changes in incentives, pricing, resources, and/or production processes. People are frequently categorized into microeconomic subgroups as customers, sellers, and business owners.
These organizations use money and interest rates as a price mechanism to coordinate the supply and demand for resources.
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Manny is attending college and majoring in economics. manny is improving his scarce resource of:_________
a. land.
b. natural resources.
c. labor.
d. innovation.
e. capital.
The correct answer is (e) capital.
The total amount of financial resources needed to create goods or services is referred to as capital in the business world. This cash may be employed to start up operations, cover ongoing costs, or develop and extend the company.
What exactly does capital in education mean?In the context of the educational system, educational capital refers to educational assets that are transformed into commodities that may be purchased, sold, withheld, exchanged, consumed, and benefited from.
How are social capital and education related?In the shape of the school's academic and disciplinary atmosphere, as well as the cultural norms and values that inspire students to pursue more challenging objectives, social capital promotes success and education. According to Putnam, social capital in schools has a significant impact on the development of children and adolescents.
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Is a process that helps managers identify desired outcomes and formulate feasible plans to achieve their objectives?
Leaders of a company develop their future vision and determine their organization's goals and objectives through the process of strategic planning. Establishing the order in which these objectives should be accomplished can help the organization attain its stated vision.
A plan outlines how and when a company will accomplish its vision, purpose, goals, and objectives.
The goal-based strategic planning process is broken down into four phases: scenario analysis, direction setting, plan deployment, and strategy definition.
The Strategic Planning Process in 4 Steps
scanning the environment. The process of acquiring, compiling, and evaluating information is called environmental scanning.Developing a strategy.Putting a plan into action.Strategy assessment.To learn more about strategic planning from the given link.
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A(n) ________transaction involves an exchange between the company and a separate economic entity. (enter one word per blank)
A(n) external transaction involves an exchange between the company and a separate economic entity.
What is an external transaction?This is the term that is used to refer to the exchange of values that would happen between two different entities, The exchange can be seen in the form of an external transaction that would take place between the entities and the companies.
Hence we can say that A(n) external transaction involves an exchange between the company and a separate economic entity.
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