Dollar Shave Club (DSC) is a lean start-up that disrupted the shaving market. The company's success can be attributed to its unique value proposition.
DSC identified two key factors that were important to men who shave: cost and convenience. The company then created a razor subscription model that addressed these two factors by offering high-quality razors at an affordable price and delivering them directly to customers' doors. The second step in creating a blue ocean market is to focus on differentiation.
In conclusion, DSC was able to disrupt the shaving market by creating a blue ocean market that was focused on providing high-quality razors at an affordable price and delivering them directly to customers' doors. The company's unique value proposition was built around the blue ocean strategy, which enabled it to create a new market space for itself that was uncontested and free from competition.
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Why do you think that IT specialists need to build
models during the design phase of the SDLC?
During the design phase of the Software Development Life Cycle (SDLC), models play a crucial role as they provide a visual representation of the system being developed, enabling IT specialists to grasp its functions, features, and interconnections.
Models are vital in the design phase of the SDLC for the following reasons:
1. Visualization: Models offer a visual depiction of the system, giving IT specialists an understanding of its functionality, appearance, and connections.
2. Simplicity: Models provide a simplified and abstract representation of the system, making it easier to comprehend compared to complex code. They help identify and address flaws, saving time, resources, and ensuring a high-quality end product.
3. Translation: Models act as a bridge between technical IT specialists and non-technical stakeholders within the company. They help translate technical jargon into terms that can be easily understood by non-technical individuals.
4. Requirements: Models assist IT specialists in defining user requirements. By developing models, they gain a better understanding of the system's purpose and usage. This understanding allows them to develop software that meets the identified criteria.
The design phase of the SDLC is crucial as it sets the foundation for the rest of the software development process. If the system's design is flawed, it will impact the entire development process. Hence, employing models to create visual representations of the system is essential. Models aid IT specialists in identifying and rectifying flaws, while also making the system easier to comprehend.
In summary, models serve as valuable tools during the design phase of the SDLC, providing visualization, simplicity, translation, and requirements definition. They contribute to a successful software development process by ensuring effective communication, improved understanding, and the identification of potential issues in the system's design.
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think about a country that you would like to expand your
business to, what are the most important factors to consider when
expanding to another country? in 400 words.
Expanding your business to another country is an exciting but complex process. Before choosing a country to expand your business, there are a number of important factors to consider to ensure that you are successful in your expansion efforts.
Legal regulations are a critical consideration when expanding to another country. Different countries have different rules and regulations, so it's important to conduct thorough research into the legal and regulatory environment of the country you are considering expanding your business to. This includes everything from understanding tax laws to obtaining the necessary permits and licenses to operate in the country.
expanding your business to another country requires careful consideration of a variety of factors. By taking the time to evaluate these factors and conducting thorough research, you can increase your chances of success and ensure that your expansion efforts are sustainable over the long term.
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Visit Amazon and Lazada and compare both these stores with regard to the overall store experience.
Also, Write at least FIVE (5) positive and FIVE (5) negative points of both the stores.
Amazon and Lazada are both online shopping platforms with different strengths and weaknesses. Hence. Amazon offers a wide range of products and excellent customer service, also shipping fees and online fraud. Lazada offers affordable prices and timely delivery, also points like longer delivery times and unresponsive customer service.
Comparison between Amazon and Lazada with regard to the overall store experience. Amazon and Lazada are both online shopping platforms. Amazon is a globally recognized shopping platform whereas Lazada is a leading Southeast Asia shopping platform.
Positive points of Amazon: Amazon offers its customers a wide range of products to choose from Amazon provides its customers with product reviews, prices and other features that make shopping more comfortable. Amazon offers its customers free shipping for products worth $25 and above. Amazon provides excellent customer service, returns policies, and timely delivery. Amazon provides a vast array of digital products such as ebooks, music, and videos
Positive points of Lazada: Lazada offers a broad range of products at affordable prices. Lazada offers its customers an option for cash on delivery (COD) payment. Lazada provides timely delivery of products and provides excellent customer serviceLazada offers its customers different promotions such as discounts and vouchers. Lazada has an efficient refund policy.
Negative points of Amazon: Amazon charges its customers for shipping for products under $25Amazon is not available in some countries. Amazon sells counterfeit products that can harm its customers. Amazon is not able to provide its customers with a 100% guarantee against online fraud.
Negative points of Lazada: Lazada's delivery takes longer than expected in some cases. Lazada's customer service is sometimes unresponsive. Lazada does not provide its customers with an accurate timeline for delivery. Lazada's quality control is sometimes unsatisfactory. Lazada's products' authenticity is sometimes questionable.
Conclusion, Amazon and Lazada are both online shopping platforms that offer their customers a wide range of products at affordable prices. However, Amazon offers better customer service, timely delivery, and excellent returns policies whereas Lazada offers its customers a cash-on-delivery payment option and promotions.
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In "A Boston Shoemaker Recalls British Arrogance...," George Hewes interacts with John Malcolm, a British official. What does the incident tell us about life in Colonial America?
In "A Boston Shoemaker Recalls British Arrogance...," George Hewes interacts with John Malcolm, a British official.
The incident tells us that life in Colonial America was characterized by tensions between the colonists and the British authorities.George Hewes, a Boston Shoemaker, is regarded as one of the survivors of the Boston Tea Party. He remembered in his 1835 narrative the arrogance of the British officials during his time.
The passage highlights the tensions and misunderstandings that characterized the relationship between the British and the colonists, which eventually culminated in the American Revolution of 1775.
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Henry Corporation is owned eighty percent (80%) by John and twenty percent (20%) by James who are unrelated to each other. At the time of a Complete Liquidation, Henry Corporation owned Land that had a Fair Market Value of $200,000 and a basis to Henry Corporation of $800,000. The Land was acquired by Henry Corporation in a Section 351 Transfer two (2) years ago from James when its Fair Market Value was $400,000. (Assume that there was no business purpose for the transfer). Pursuant to the Complete Liquidation, the Land is sold to an unrelated third party for $200,000 and the $200,000 proceeds of the sale are distributed proportionately (pro-rata) to John and James (ie. eighty percent (80%) to John and twenty percent (20%) to James). The Recognized Loss to Henry Corporation is:
$600,000.
$ -0-.
$400,000.
$200,000.
At the time of the complete liquidation, the land had a fair market value of $200,000 and a basis to Henry Corporation of $800,000. The Land was acquired by Henry Corporation in a Section 351 Transfer two (2) years ago from James when its Fair Market Value was $400,000. The Recognized Loss to Henry Corporation is $ -0-.
Section 351 transfer is a code under the Internal Revenue Service (IRS) that states that no gain or loss will be recognized if property or money is transferred to a corporation by an individual or group in exchange for stock in the corporation, provided that the individual or group transferring the property or money receives control of the corporation.
The Section 351 transfer allows a non-taxable transfer of property to a corporation if the transfer is solely in exchange for stock in the corporation and the transferors are in control of the corporation immediately after the transfer. The transferors who are in control of the corporation will be able to defer any tax liability until they sell their shares. In the above question, we are given that the fair market value of the land is $200,000 and the basis to Henry Corporation is $800,000. The Land was acquired by Henry Corporation in a Section 351 Transfer two (2) years ago from James when its Fair Market Value was $400,000. The recognized loss to Henry Corporation is $ -0-. Therefore, option B is the correct answer.
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A survey was conducted about real estate prices. Data collected is 166546, 235688, 366812, 471741, 559415, 698083, 717722, 868637, 942453, 1032602, 1168535, 1248397, 1367514. What is the third quartile price?
The third quartile price can be found by first arranging the given data in ascending order.
How to find?Once you've arranged the data, you can use the formula given below to find the third quartile price:
Formula to find the third quartile price:Q3 = (3n + 1) / 4th term.
Where,Q3 is the third quartile price n is the total number of data point sterm is the rank of the data point.
Step-by-step solution:
Given data:166546, 235688, 366812, 471741, 559415, 698083, 717722, 868637, 942453, 1032602, 1168535, 1248397, 1367514,
We need to find the third quartile price. For that, we need to find the rank of the third quartile price. Using the formula for the rank of third quartile price, we get:
Q3 = (3n + 1) / 4Q3
= (3 x 13 + 1) / 4Q3
= 10.
So, the third quartile price will be the 10th term of the given data once arranged in ascending order. Arranging the given data in ascending order, we get:
166546, 235688, 366812, 471741, 559415, 698083, 717722, 868637, 942453, 1032602, 1168535, 1248397, 1367514.
The 10th term of the above arrangement is:1032602.
Therefore, the third quartile price is $1,032,602.
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The World Trade Organization is the only global trade organization and has 164 member nations representing 98 percent of world trade. How does the WTO help nations improve trade relations? What are some of the major challenges facing the WTO today? Provide examples to support your responses.
The World Trade Organization (WTO) is the only global trade organization that aims to reduce trade barriers and promote free trade by providing a framework for trade negotiations among its 164 member nations, which represent 98 percent of global trade.
The following are some of the ways in which the WTO assists countries in enhancing trade relations:
It allows member nations to participate in multilateral trade negotiations, which means they negotiate as a group, allowing smaller countries to have greater bargaining power in trade negotiations.
It provides a forum for the resolution of trade disputes, such as the imposition of tariffs or non-tariff barriers, as well as the enforcement of trade agreements, which helps to maintain stability in global trade relations.
It provides technical assistance and training to developing countries, as well as provides preferential treatment to their exports, which helps to integrate them into the global trading system and promotes economic development.
The WTO has some significant challenges it is currently facing:
Disagreements on trade practices - Some countries, such as China, have been accused of dumping, which means selling goods at a cheaper price in foreign markets than in the domestic market. The Trump administration imposed tariffs on Chinese goods, causing China to retaliate, resulting in a trade war that has had a significant impact on the global economy.
Criticism for not being effective - The WTO has been accused of being ineffective in reducing trade barriers and promoting free trade, and of being biased against developing countries.
Some countries are looking at alternative trade organizations, such as the Regional Comprehensive Economic Partnership (RCEP), which was recently formed by China, Japan, and South Korea, among others.
Funding and leadership - The organization's financial resources are limited, making it difficult to provide adequate technical assistance to developing countries. Additionally, the organization has not been able to elect a new leader since Roberto Azevêdo resigned from his position as Director-General in 2020.
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Why is EVA an important component of the strategic management process?
Economic Value Added (EVA) is an important component of the strategic management process because it provides a comprehensive measure of a company's financial performance and value creation.
Unlike traditional financial metrics, EVA considers both the cost of capital and the return generated, enabling management to assess the true profitability and efficiency of the business. By incorporating EVA into strategic decision-making, organizations can align their initiatives with value creation, prioritize investments that maximize shareholder wealth, and identify areas for performance improvement.
EVA serves as a valuable tool to evaluate strategic alternatives, allocate resources effectively, and drive sustainable long-term growth and competitive advantage.
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Match the Following...: Group of answer choices
Business-2-Customer (B2C) [ Choose ] Customer Engagement [ Choose ]
Customer Satisfaction [ Choose ] Customer Service [ Choose ]
Customer Support ( choo
Business-2-Customer (B2C) refers to the exchange of goods and services between businesses and customers. It involves selling products or services directly to end-users rather than to other businesses.
Customer Service refers to the assistance provided to customers before, during, and after they purchase goods or services. It aims to ensure customer satisfaction by addressing their needs and concerns in a timely and effective manner.Customer Support, on the other hand, is a broader term that encompasses customer service and includes additional activities such as technical support, troubleshooting, and maintenance.
Customer Engagement includes all the ways in which a business can connect with its customers to build long-term relationships. Customer Satisfaction is a measure of how well a business meets or exceeds its customers' expectations.
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Wenger LLC has PP and E (net) of 300 on 12/31/15 and 240 on 12/31/14. Depreciation for 2015 is 250. Acquisitions net of dispositions for 2015 is Select one: O a. 300 O b. 310 O c. 320 O d. 330 Question 23 Not yet answered Points out of 1.00 Flag question If Sunflower Company has net income of 200, depreciation of 50 and cash provided by operations of 240, then changes in current assets and current liabilities is Select one: O a. 10 O b.-10 O c. 90 O d. Unable to determine from data given
The answer to the first question is:Option b. 310Wenger LLC's acquisitions net of dispositions for 2015 is $310. Acquisitions net of dispositions refers to the difference between the purchase of a new asset and the sale of an existing one during an accounting period.
The formula for calculating acquisitions net of dispositions is given below:Acquisitions net of dispositions = PP and E(net) 2015 - PP and E(net) 2014 + Depreciation 2015= $300 - $240 + $250= $310Therefore, the correct option is b. 310.The answer to the second question is:Option c. 90If Sunflower Company has a net income of $200, depreciation of $50, and cash provided by operations of $240, then changes in current assets and current liabilities is $90. The formula for calculating changes in current assets and current liabilities is given below:Changes in current assets and current liabilities = Cash provided by operations - Net income - Depreciation= $240 - $200 - $50= $90Therefore, the correct option is c. 90.
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Which of the following statements about tax is true?
a. the effective tax rate is the tax expense divided by profit before tax
b. tax expense is the amount of liability on the balance sheet at the end of the period
c. tax expense is the amount paid during the period
d. the effective tax rate is the tax paid divided by profit before tax
The correct statement about tax is the effective tax rate is calculated by dividing the tax expense by the profit before tax. Here option A is the correct answer.
The effective tax rate is a measure that indicates the proportion of profit before tax that is paid in taxes. It is a useful metric for analyzing the impact of taxes on a company's profitability. The effective tax rate takes into account all taxes paid by the company, including income taxes, payroll taxes, and any other applicable taxes.
To calculate the effective tax rate, the tax expense is divided by the profit before tax. The tax expense represents the amount of tax liability incurred by the company during a specific period. It includes both current taxes payable and deferred taxes.
Current taxes payable are the taxes that are due and payable based on the taxable income earned in the current period. Deferred taxes, on the other hand, are taxes that are recognized for temporary differences between the accounting and tax treatment of certain items.
The profit before tax is the company's earnings before deducting taxes. It is a measure of the company's profitability and is calculated by subtracting all expenses, except for taxes, from the total revenue. Therefore option A is the correct answer.
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At year-end, Dub’s Wind Generator Co. had a $72,000 debit balance in its Manufacturing Overhead Control account. Overhead is applied to products based on direct labor cost. Relevant account balance information at year-end follows:
Work in Process Inventory Finished Goods Inventory Cost of Goods Sold
Direct material $36,000 $144,000 $216,000
Direct labor 18,000 72,000 90,000
Factory overhead 36,000 144,000 180,000
$90,000 $360,000 $486,000
a. What predetermined OH rate was used during the year?
Note: Enter your result as a percentage.
OH rate
200%
b. Prorate the overhead account balance based on the relative balances of the appropriate accounts.
Note: Do not round proportions in your calculations.
Note: Round your final answers to the nearest whole dollar.
Work in process inventory ?
Finished goods inventory ?
Cost of goods sold ?
Total ?
The predetermined overhead rate used during the year was 200%. Prorating the overhead account balance based on the relative balances of the appropriate accounts, $10,000 is allocated to Work in Process Inventory, $20,000 to Finished Goods Inventory, and $42,000 to Cost of Goods Sold, making a total of $72,000.
a. The predetermined overhead rate used during the year was 200%.
b. Prorating the overhead account balance based on the relative balances of the appropriate accounts, we can calculate the allocated amounts as follows:
- Work in Process Inventory: $72,000 x ($90,000 / $90,000 + $360,000 + $486,000) = $10,000
- Finished Goods Inventory: $72,000 x ($360,000 / $90,000 + $360,000 + $486,000) = $20,000
- Cost of Goods Sold: $72,000 x ($486,000 / $90,000 + $360,000 + $486,000) = $42,000
The total of the allocated amounts is $72,000.
The predetermined overhead rate of 200% indicates that the company allocated overhead costs at twice the rate of direct labor costs. To prorate the $72,000 debit balance in the Manufacturing Overhead Control account, we need to distribute it among the three accounts: Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold. To calculate the allocations, we divide the balance of each account by the sum of the balances of all three accounts. Multiplying this ratio by the overhead account balance gives us the allocated amount for each account. The allocated amounts are $10,000 for Work in Process Inventory, $20,000 for Finished Goods Inventory, and $42,000 for Cost of Goods Sold. These amounts add up to the original debit balance of $72,000, ensuring that the overhead is prorated correctly.
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The following spreadsheet contains monthly returns for ColaCo. and GasCo for 2013. Using these data, estimate the average monthly return and the volatity for ench stock. (Click on the following icon 0 in order to copy its contents into a spreadsheet) The average monthy return for Cola Ca is 4. (Round to two decimal places) The following spreadsheet contains monthly refurns for Cola-Co. and Gas Co, for 2043. Using these data, estimate the average monthly retum and the volatily for each stock. (Click on the following icon □in in order to copy its contents into a spreadsheet) The average monthily roturn for Cola Cas is
The average monthly return for Cola Co is 4. This is calculated by adding the monthly returns of Cola Co for the year 2013 and dividing by 12 (number of months in a year).
The volatility of Cola Co and Gas Co for the year 2013 can be calculated using the standard deviation of their monthly returns. The standard deviation of monthly returns for each stock can be calculated using the STDEV.P function in Excel. Once you have the standard deviation of monthly returns, you can annualize it by multiplying it by the square root of 12 (number of months in a year).
This will give you the annualized volatility for each stock. You can then calculate the monthly volatility by dividing the annualized volatility by the square root of 12. This will give you the volatility for each stock in monthly terms.The average monthly return for Gas Co can be calculated using the same method as for Cola Co.
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Jane, a local mother, is concerned about her youngest son, who has been smoking cigarettes. She tells him that, if she catches him smoking or finds cigarettes in his possessions, she'll charge him $10 per cigarette. This is an example of that aims to of the decision to smoke. marginal analysis; decrease the marginal cost an incentive; increase the marginal benefit marginal analysis; increase the marginal benefit an incentive; increase the marginal cost
Jane, a local mother, is concerned about her youngest son, who has been smoking cigarettes. She tells him that, if she catches him smoking or finds cigarettes in his possessions, she'll charge him $10 per cigarette. This is an example of an incentive that aims to decrease the marginal cost of the decision to smoke.
Marginal cost is defined as the change in the total cost that arises when the quantity produced is incremented by one unit while marginal benefit is defined as the additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.
An incentive is the reason or reward given to someone for behaving in a particular way or doing something. The incentive that is given by Jane is to charge $10 per cigarette if caught smoking which will increase the marginal cost of smoking. Marginal cost plays an important role in decision-making. The goal of the incentive is to decrease the marginal cost of smoking, which will, in turn, decrease the likelihood of the son smoking cigarettes. Hence, this is an example of an incentive that aims to decrease the marginal cost of the decision to smoke.
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pleas solve them all I'll give you at least 5 up votes from 5 different accounts , I'll share the link to my school group
1) Which of the following statements is true for the course? I chose because
A) it is so easy
B) It provides different philosophy
C) It can be taken A
D) it’s lecturer is understandable
2) Which of the following statements is not true in transportation modeling framework?
A) Special form of linear programming model similar to the transportation model.
B) Supply at each source and demand at each destination limited to one unit.
C) In a balanced model supply may equal demand
D) In an unbalanced model supply does not equal demand
3) Which of the following statements is true for dummy variable?
A) It is used for customers
B) It provides alternative way
C) It maximizes customers’ utility
D) It does not give any cost
4) The slope of a curve at any point is __________ the derivative of the curves function.
A) equal to
B) larger than
C) smaller than
D) none of the above
5) Branch and Bound method does not contain __________.
A) Smaller subsets
B) A tedious process
C) A mathematical process
D) Excel solution only
6) Which of the following explains the concept of Dummy?
A) Demand equals supply
B) Demand less than supply
C) balanced condition
D) makes profit to increase
7) Which of the following statements is not true in nonlinear problem characteristics?
A) Solution is often not on the boundary of the feasible solution space.
B) Cannot simply look at points on the solution space boundary
C) Solution techniques can be very complex.
D) Nonlinear Characteristics do not reflect the practices in real world.
8) ’if the case is a production of jet aircraft, round off could affect profit or cost by million dollar considering 7.4 jet airliners as 7 or 8.’Which of the following method explains the statement above?
A) Total Integer Model
b) Mixed Integer Model
c) Gregory cutting Plane Method
d) 0-1 Integer Model
9) Which of the following methods is convenient for Assignmentproblems?
a) VAM model
b) Northwest method
c) Least cost method
d) Hungarian method
10) Which of the following statements is not true for facility location?
A) It serves several customers
B) It reduces transportation costs
C) It maximizes customers’ utility
D) It keeps the distance almost equally and likely
11) Which of the following methods is not convenient for the concept of transportation?
Destination
Origion
Cost
System
12) Which of the following scientist introduced the concept of transportation?
A) Koopmans
B) Dantzing
C) Hitchcock
D) Koening
13)In an assignment problem the following is the best idea behind the theory?
a) one to several tasks
b) one to its own task
c) one to one task
d) All
The statement which is true for the course is B) It provides different philosophy. The course is chosen due to the reason that it provides different philosophy.
The statement which is not true in transportation modeling framework is D) In an unbalanced model, supply does not equal demand. The statement which is true for dummy variable is B) It provides an alternative way. The slope of a curve at any point is A) equal to the derivative of the curve’s function..
The method which is convenient for Assignment problems is d) Hungarian method.10) The statement which is not true for facility location is C) It maximizes customers’ utility.11) The method which is not convenient for the concept of transportation is System.12) The scientist who introduced the concept of transportation is C) Hitchcock.13) In an assignment problem, the following is the best idea behind the theory: c) one-to-one task.
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action) that a worker should take to offset threats/problems/weaknesses and/or take advantage of an opportunity/strengths. Write out specific strategies (plans of action) a company’s manager/leader should take to offset threats/problems/weaknesses and/or take advantage of an opportunity/strength.
Anything you write about these the information has to be on these: Compare employees’ work between the USA and European countries, i.e. hours worked per week, the number of national holidays/year, vacation days/year, sick days/year, the country where people work the least, work the least hours per week, countries that are the most hard-working, countries with the highest quality of life, countries with best life expectancy, countries with best health care systems. State what you believe is the significance of these figures.
Site the source you used so that can go back and look at them too.
One of the plans of action that a company's manager/leader should take to offset threats/problems/weaknesses and/or take advantage of an opportunity/strength is to develop a strategic plan that takes into account the unique strengths and weaknesses of their company.
A strategic plan involves setting goals and objectives, analyzing the market, identifying target markets and customers, and developing strategies to achieve those goals. To do this, a company's manager/leader should use data and metrics from reputable sources, such as the Bureau of Labor Statistics and the World Health Organization Regarding the comparison between employees' work between the USA and European countries, the number of hours worked per week, the number of national holidays/year, vacation days/year, sick days/year, the country where people work the least, work the least hours per week, countries that are the most hard-working, countries with the highest quality of life, countries with the best life expectancy, and countries with the best health care systems are significant figures for businesses.
This data helps managers understand how their workforce compares to others in the industry and provides insights into potential opportunities or threats to their business. This plan should also include a detailed analysis of the company's current strengths and weaknesses, as well as an assessment of potential threats and opportunities.
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When there is a change in the estimated useful life of a depreciable asset, the accountant would: a. Calculate the change and apply it to all years-restating the previous years' financial statements as needed b. Calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements C. Calculate the change and apply it retrospectively-restating the previous years' financial statements as needed d. Calculate the change and record a one-time adjusting journal entry-debiting depreciation expense and crediting accumulated depreciation . A company owns a press that has a book value of $3,450. The asset is sold to a scrap dealer for $1,000 cash. The scrap dealer also gives the company spare parts worth $2,000 that can be used to repair its other fabrication equipment. When recording the entry, the accountant would record: a. A gain of $450 b. A gain of $2,450 C. A loss of $2,450 d. A loss of $450 Regarding a company's cost of capital, which statement is false: a. The cost of capital is the cost a company bears to obtain external financing b. Debt financing is the after-tax cost of borrowing money c. Equity financing is the cost investors expect when purchasing shares of stock d. The cost of capital is critical because it determines which long-term projects are profitable to undertake The average of the cost of debt and equity financing weighted by the proportion of each type of financing is referred to as: The weighted average cost of capital b. The debt to equity ratio c. The quick ratio d. The weighted average of debt to equity financing Goods acquired for use in the production of income are: a. Inventory b. Raw Materials c. Assets d. All of the above Goods held for sale in the normal course of business: Are called Inventory b. Are valued at market unless the historic cost is less c. Are listed as current assets which must be disposed of after 12 months d. Must be counted each month in order to determine the cost of goods sold D. When the seller of merchandise has no idea how many items have been sold and must perform a periodic inventory count to verify what inventory items have sold, we refer to this as: a. An unethical smoothing of financial information b. A perpetual inventory system c. A periodic inventory system d. The basis for a qualified opinion by the external auditor . Maintaining inventory records in the accounting system and recording purchases to an inventory account would indicate a company has: a. Ethical business transactions b. A perpetual inventory system c. A periodic inventory system d. An unqualified opinion from the external auditor Bears R Us Inc. has recently ceased manufacturing product A6745 and replaced it with product A7463 due to technological improvements. Sales of A6745 have dropped considerably in the last quarter. Bears R Us uses a perpetual inventory system. The appropriate accounting treatment would be to: a. Record the cost of remaining A6745 products to an inventory allowance account Dispose of product A6745 and record the cost against comprehensive income in the Equity section of the balance sheet b. Record the difference between the original selling price and the new discounted selling price to a discounts and allowance account using the Gross method d. Write down the inventory value to $0 and give the A6745 products away. LIFO layers are created in ending inventory when: The number of units purchased exceeds the number of units sold b. The number of units sold exceeds the number of units purchased The number of units sold equals the number of units purchased C. d. The number of units purchased less the number of units sold exceeds the marketing forecast for unit sales in the next 12 months. An advantage of LIFO is: a. The ending inventory balance agrees closely with current replacement cost b. There is a matching of current costs with current revenues c. LIFO liquidation can result in greatly decreased tax payments when inventory levels decline Inventory costs usually correspond with the physical flow of goods When considering Lower of Cost or Market, market is generally considered to be: a. The original price paid on the open market for inventory b. The replacement cost of inventory c. The net realizable value of inventory less a normal profit margin The net realizable value of inventory The limit that constrains the market value of inventory such that it does not exceed its net realizable value is called the: a. Replacement cost b. Market C. Floor d. Ceiling
When there is a change in the estimated useful life of a depreciable asset, the accountant would calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements. The correct option is B.
Calculation and application of change in estimated useful life of a depreciable asset.The change in the estimated useful life of a depreciable asset can impact the calculation of depreciation and change the amount of depreciation in the books. In the case of a change in the estimated useful life of a depreciable asset, the accountant would calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements.Recording the entry for selling an asset.
When an asset is sold, a gain or loss is recorded based on the sale price of the asset. In the given scenario, the press has a book value of $3,450 and is sold for $1,000 cash. The scrap dealer also gives the company spare parts worth $2,000 that can be used to repair its other fabrication equipment. The total proceeds of the sale amount to $3,000 ($1,000 cash + $2,000 worth of spare parts).The loss on the sale of the asset is calculated as follows:Loss on sale of the asset = Book value of the asset - Proceeds from the sale= $3,450 - $3,000= $450. Hence, the accountant would record a loss of $450.The false statement regarding a company's cost of capital is:The cost of capital is the cost a company bears to obtain external financing is a false statement. The correct statement is The cost of capital is the cost of financing a company's operations, including both equity and debt financing.Weighted Average Cost of Capital (WACC)The average of the cost of debt and equity financing weighted by the proportion of each type of financing is referred to as the weighted average cost of capital.Inventory and goods held for sale:Goods acquired for use in the production of income are assets. Goods held for sale in the normal course of business are called inventory. Periodic inventory system. When the seller of merchandise has no idea how many items have been sold and must perform a periodic inventory count to verify what inventory items have sold, we refer to this as a periodic inventory system. A perpetual inventory system, on the other hand, maintains a continuous record of inventory levels.Write down of inventory value Bears R Us Inc. has recently ceased manufacturing product A6745 and replaced it with product A7463 due to technological improvements. Sales of A6745 have dropped considerably in the last quarter. Bears R Us uses a perpetual inventory system. The appropriate accounting treatment would be to record the cost of remaining A6745 products to an inventory allowance account. LIFO layers are created in ending inventory when the number of units sold exceeds the number of units purchased. This results in a reduction of the inventory layers and may affect the cost of goods sold and gross margin of the company. Advantage of LIFO; An advantage of LIFO is that there is a matching of current costs with current revenues.Lower of Cost or Market: When considering Lower of Cost or Market, market is generally considered to be the net realizable value of inventory. This is the selling price of the inventory less the cost of disposal.The limit that constrains the market value of inventory such that it does not exceed its net realizable value is called the ceiling. The correct option is B.
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During the month of February, Cheyenne Corp's employees earned wages of $68.000. Withholdings related to these wages were $5,202 for FICA $9,230 for federal income tax, and $2,470 for state income tax Costs incurred for unemployment taxes were $143 for federal and $208 for state. Prepare the February 28 journal entries for (a) Salaries and wages expense and salaries and wages payable assuming that all February wages will be paid in March (b) The company's payroll tax expense.
Journal entries for Cheyenne Corp’s employee wages (February 28)a. For Salaries and wages expense and salaries and wages payable. Wages expense 68,000.00 [Debit] Salaries and wages payable 68,000.00 [Credit](To record wages expenses for February 2020)
Note: Salaries and wages payable are a liability account and therefore have a credit balance. It represents the amount owed to employees for the work they have done.b. For Payroll Tax Expense FICA payable (Employee and Employer)5,202.00[ Debit] FUTA payable143.00 [Credit] SUTA payable208.00 Income tax payable9,230.00 Payroll tax expense14,783.00 (To record payroll tax expense for February 2020)
Note: FICA taxes are the sum of Social Security and Medicare taxes and are paid by both employees and employers. FUTA and SUTA taxes are paid by the employer only. Income taxes are withheld from employee paychecks and paid by the employer.
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Explain and apply the revenue and expense recognition principles. Analyze, record, and summarize the effects of operating transactions using the accounting equation, journal entries, and T-accounts.
Revenue recognition principle states that revenue should be recognized when it is earned, and the amount of revenue is measurable. This principle indicates that revenue is recognized when goods or services are delivered to customers and the customers have agreed to pay for the goods or services.
The expenses recognition principle states that expenses should be recognized in the period they are incurred, regardless of when payment is made. This principle indicates that expenses should be recognized when the company uses goods or services or when the company receives the benefits of the goods or services.
There are two methods for recording transactions: The cash basis and the accrual basis.
Cash Basis - In this method, revenue is recorded when cash is received, and expenses are recorded when cash is paid. This method is commonly used by small businesses.
Accrual Basis - In this method, revenues are recorded when earned, and expenses are recorded when incurred, regardless of when cash is received or paid. This method provides more accurate financial statements because it reflects the business's activities better.
Journal entries are recorded in the accounting journal, also known as the book of original entry, to record business transactions. The accounting journal is made up of two columns: Debit and Credit. Debit is an entry that increases assets or decreases liabilities, while credit is an entry that increases liabilities or decreases assets.
A T-account is a visual representation of a general ledger account. The name of the account is at the top, and debits and credits are recorded in separate columns. When an operating transaction occurs, it affects two or more accounts. As a result, a journal entry is made to record the transaction, and the T-accounts are updated accordingly.The accounting equation is Assets = Liabilities + Equity. When a transaction is recorded in the journal, it affects the accounting equation. The total assets, liabilities, and equity must always balance. Therefore, when recording a transaction, the total debits must equal the total credits.
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A Bi
=∑ i=1
n
b ij
⋅e i
Based on the attitude formation equation, the b ij
term refers to a belief regarding outcome i behavior regarding outcome i behavioral intention behavior regarding outcome j belief regarding outcome j
According to the attitude formation equation, the term b ij refers to belief regarding outcome i, belief regarding outcome j.
What is the attitude formation equation:- The Attitude formation equation is: A Bi = ∑ i=1n bij ⋅ei
Here,A Bi stands for the attitude towards a behavior i.
b ij stands for the belief that a particular behavior i has an outcome j. It represents the subjective probability that the behavior will lead to the outcome j. ei represents the evaluation of each outcome i.
Therefore, based on the attitude formation equation, the term b ij refers to belief regarding outcome i and belief regarding outcome j. It represents the subjective probability that the behavior will lead to the outcome j.
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Complete question:
A Bi =∑ i=1n b ij ⋅e i
Based on the attitude formation equation, the b ij term refers to a belief regarding outcome
Suppose that the current price of a non-dividend paying stock is $42. A one-year European put option and a one-year European call option on the stock with a strike price of $44 are both quoted at $3. The risk-free rate is 6% with continuous compounding. Which of the following best describes the actions required to take advantage of the available arbitrage opportunity? Short a call and borrow to buy a put and buy the stock. Short a call, buy a put, short sell the stock, and invest the remaining proceeds at the risk-free rate. Short a call, short a put, and invest the remaining proceeds at the risk-free rate. Borrow to buy a call and buy the stock, and short a put. Buy a call, short a put, short sell the stock, and invest the remaining proceeds at the risk-free rate.
The overall net profit for the arbitrageur is $1, which is a 6% return of investment. Option A should be selected.
The price of European put and call options, both with a strike price of $44, is $3. We'll use these prices to see if an arbitrage opportunity exists.
Option A: Short a call and borrow to buy a put and buy the stock
The payoff from the call option can be expressed as
:Max [0, ST - X]If ST (price of stock at maturity) is less than X, the call option's payoff is 0. The call option's payoff is ST - X if the ST is greater than X. For the investor who sells the call option, the payoffs are reversed. In this scenario, the arbitrageur sells a call option and receives a $3 premium. If the stock price rises above $44, the option will be exercised, resulting in a net loss for the investor. To limit the loss, the arbitrageur must buy the stock and borrow $41 ($44 strike - $3 call premium).
The arbitrageur sells the put option for $3 and receives a $42 profit if the stock price is above $44 at the end of the one-year holding period. If the stock price falls below $44, the put option will be exercised, resulting in a net profit of $44-$3-$41=$0 for the investor.The overall net profit for the arbitrageur is $3-$3+$42-$41=$1, which is a 6% return on investment ($1/$41). Thus, the arbitrageur is expected to make a profit by purchasing this option.
As a result, the best option is to short a call, borrow to buy a put, and buy the stock. Therefore, Option A is the correct answer.
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When looking at sticky prices, what name is given to the costs of changing prices that businesses must consider? Opportunity costs Internal costs Menu costs Customer costs
When looking at sticky prices, the name given to the costs of changing prices that businesses must consider is the menu costs. What are sticky prices? Sticky prices are prices that do not adjust quickly to changes in supply or demand. They occur when a product's price remains the same for an extended period despite changes in the supply or demand.
For instance, gasoline prices are sticky since they often remain the same for long periods, even though the cost of oil changes rapidly. In economics, menu costs refer to the costs that companies incur in altering their prices to adjust to the current economic environment. When businesses consider modifying their prices, they must take into account a variety of costs, including advertising, printing new price lists, and other administrative expenses. These costs are known as menu costs in economic terms. Therefore, when looking at sticky prices, the name given to the costs of changing prices that businesses must consider is the menu costs.
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Inspirational Inci is a mowationat consulting business. At the end of its accountong penod, October 31,20y, Iniparational has askets of $764,470 and lakilties of $242,840. Using the accoanting equation and considenng each cake independently, determine the following amsunts: a. Stockholders' equty as of Cctobel 31, 2ov2. X. divisends pain.
The stockholders' equity as of October 31, 2022, is $521,630.
To determine the stockholders' equity as of October 31, 2022, we need to use the accounting equation: Assets = Liabilities + Stockholders' Equity.
Given that Inspirational Inc. has assets of $764,470 and liabilities of $242,840, we can calculate the stockholders' equity as follows:
Stockholders' Equity = Assets - Liabilities
Stockholders' Equity = $764,470 - $242,840
Stockholders' Equity = $521,630
Therefore, the stockholders' equity as of October 31, 2022, is $521,630.
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What is the most important assumption underlying using relative valuation methods for a target firm and the comparable firms:
Select one:
a.The comparable firms are correctly valued
b.The comparable firms are actually comparable to the target firm
c.The comparable firms are in the same industry or sector
d.The comparable firms have approximately the same market capitalization as the target firm
The most important assumption underlying using relative valuation methods for a target firm and the comparable firms is that the comparable firms are actually comparable to the target firm.
Relative valuation involves valuing the company using financial ratios, metrics, multiples, and other similar data points of other companies in the same industry or sector, which are known as comparable companies. The objective of relative valuation is to use the information on comparable companies to estimate the value of the target company.
The valuation of the target company is accomplished by multiplying the multiple, metric, or ratio derived from the comparable company’s financial data by the same measure of the target company.
Hence, it is critical to choose the correct comparable firms to calculate the valuation, which are fundamentally similar to the target firm to get an accurate estimate of the firm's value. Therefore, the most important assumption underlying using relative valuation methods for a target firm and the comparable firms is that the comparable firms are actually comparable to the target firm.
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Thinking of having a salad for lunch today? If so, you might want to skip McDonald's. The fast food giant recently announced that it would be discontinuing most of its salad options and focusing instead on its traditional menu of burgers, fries, and milkshakes. Why the change? It comes down to efficiency. Making salads is more complicated than making burgers and in a tight labor market, streamlining production saves on labor. McDonald's will join other fast food companies that offer more limited menus like In-n-Out, the West Coast chain that offers only a handful of menu choices, and rival Burger King, which took salads off the menu a few months ago. Over the years, McDonald's has responded to changing consumer preferences by tweaking its traditional menu to include options like salads, grilled chicken, and yogurt parfaits. Now though, the company is going back to basics, hoping that eliminating menu items with longer prep times will boost profits by reducing labor costs and increasing overall efficiency. The company claims that a more streamlined menu means faster service at the drive-thru window and more sales. One has to wonder though, whether reduced drive-thru lines will come at the expense of expanding waistlines. Discussion Questions: 1. McDonalds claims that removing items like salads translates into reduced wait times at its drive-thru windows, allowing the company to boost sales volume by serving more customers. Why is efficiency so important for McDonald's? Explain how even small increases in efficiency can add up to big savings in companies like McDonald's. 2. Consider the implications of McDonald's menu changes for the company's stakeholders. While investors are likely happy with changes that increase profits, how do you think customers and employees will respond? 3. Reflect on McDonald's strategy of tweaking its menu to respond to consumer demand for more healthy options, and then its decision to eliminate those options. In the long term, do you think maintaining a simplified menu that appeals to a smaller customer base will prove to be more profitable than trying to appeal to a broader audience by offering more options, including those that introduce inefficiencies in the production process? With its reduced menu, does McDonald's risk alienating future customers or does its ability to serve more customers more quickly make it a more attractive destination?
1. Efficiency is so important for McDo-nald's because they are operating a business on a very large scale.
Even small increases in efficiency can add up to big savings in companies like McDo-nald's. By making salads, which are more complicated to make, the company is consuming more time and labor. Streamlining production saves labor which in turn increases overall efficiency.
2. The implications of McDo-nald's menu changes for the company's stakeholders is going to be different. While investors are likely to be happy with the changes that increase profits, customers and employees may not respond well. Customers may feel that the options they enjoyed are no longer available while employees may feel that their work has increased.3. In the long term, maintaining a simplified menu that appeals to a smaller customer base will prove to be more profitable than trying to appeal to a broader audience by offering more options, including those that introduce inefficiencies in the production process. Even though McD-onald's has eliminated salads, the company has kept many healthy options on the menu. The company has focused on the items that are the most popular and as a result, they will save labor costs. Although they are targeting a smaller customer base, they are hoping to attract customers who want their food fast and do not want to wait.
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Using examples, explain what ‘organisational culture’ refers to and critically discuss the extent to which culture can be used to organise and manage individuals in the contemporary workplace.
Organizational culture refers to the shared values, beliefs, attitudes, and practices that characterise an organisation and guide its conduct. Organizational culture is a term used to describe the values, beliefs, and norms that influence the behaviour of an organization's members.
It's a mix of the organization's history, values, behaviour, and beliefs that influence the way people interact and work together. The values and beliefs of an organisation determine how employees interact with each other, as well as with external stakeholders, and how decisions are made.
For example, an organization may have a culture of innovation, which encourages creativity and risk-taking to achieve results. It may also have a culture of quality, which emphasises excellence and attention to detail. Additionally, there can be a culture of hierarchy, which values chain of command and formal authority to maintain stability.
Management and organisational culture- The extent to which culture can be used to organise and manage individuals in the contemporary workplace is subject to debate. Organizational culture plays an essential role in management and performance, but it's critical to remember that culture should serve the needs of the organization and its members.
Culture can be an essential tool for organizing and managing individuals in the workplace. A culture that encourages teamwork, for example, fosters collaboration and the sharing of information. Managers may use organisational culture to motivate employees, create a sense of belonging, and enhance productivity.
Culture can also be used to influence employee behaviour. For example, an organisation that values customer service is likely to have employees who prioritise providing excellent customer service. However, culture should not be used to control individuals. Employees should be free to express themselves, and their work should be evaluated based on its merits.
In conclusion, organisational culture is a crucial aspect of management and performance. It plays a crucial role in shaping employee behaviour, decision making, and productivity. A healthy organisational culture fosters teamwork, innovation, and commitment to shared goals. However, it is critical to remember that culture should serve the needs of the organisation and its members and should not be used to control individuals. Culture should be used as a tool to organise and manage individuals in the workplace, but not as a way to dictate their actions.
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Determine the interest on the following notes: (Round answers to 2 decimal places, eg. 52.75. Use 360 days for calculation) (a) (b) (c) (d) $1,920 at 6% for 90 days. $1,040 at 9% for 5 months. $2,880 at 8% for 60 days. $1,600 at 7% for 6 months. $ $ $ $
The interest on the given notes is as follows: (a) $28.80, (b) $38.50, (c) $38.40, and (d) $56.00
To determine the interest in the given notes, we can use the simple interest formula:
Interest = Principal x Rate x Time
Where:
The principal is the initial amount borrowed or invested,
Rate is the annual interest rate, and
Time is the duration in days or months.
(a) $1,920 at 6% for 90 days:
Principal = $1,920
Rate = 6% per annum = 0.06
Time = 90 days / 360 days (assuming a 360-day year)
Interest = $1,920 x 0.06 x (90/360) = $28.80
(b) $1,040 at 9% for 5 months:
Principal = $1,040
Rate = 9% per annum = 0.09
Time = 5 months
Interest = $1,040 x 0.09 x (5/12) = $38.50
(c) $2,880 at 8% for 60 days:
Principal = $2,880
Rate = 8% per annum = 0.08
Time = 60 days / 360 days
Interest = $2,880 x 0.08 x (60/360) = $38.40
(d) $1,600 at 7% for 6 months:
Principal = $1,600
Rate = 7% per annum = 0.07
Time = 6 months
Interest = $1,600 x 0.07 x (6/12) = $56.00
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A research laboratory has two melts of Copper (Cu)−Nickel (NI) alloy to make up a new alloy. The composition of melt I is 2 parts of Cu for each part of Ni. The composition of melt II is 1 part of Cu for each part of Ni. To make up the new alloy, at least 10Kgs of copper and 6kgs of Nickel is needed. Melt 1 costs $25 per Kg while melt II costs $30 per Kg. Formulate the Linear Programming model.
The Linear Programming (LP) problem involves maximizing or minimizing a linear objective function, subject to a set of linear equality or inequality constraints. The given problem can be solved using Linear Programming.
A Research laboratory has two melts of Copper (Cu)−Nickel (NI) alloy to make up a new alloy. The composition of melt I is 2 parts of Cu for each part of Ni. The composition of melt II is 1 part of Cu for each part of Ni. To make up the new alloy, at least 10Kgs of copper and 6kgs of Nickel is needed. Melt 1 costs $25 per Kg while melt II costs $30 per Kg.
We need to find the quantity of each melt to be used in the new alloy so that the cost is minimized. To minimize the cost of the new alloy, let the quantity of melt 1 used in the new alloy be x kg, and the quantity of melt 2 used be y kg.
Therefore, the objective function for minimizing the cost can be given as:
z = 25x + 30y (Cost to produce the alloy)T
he constraints in the given problem are:
2x + y ≥ 6 (minimum Nickel required)2x + y ≤ 10 (minimum Copper required)
We need to formulate the linear programming model from the given problem.
Thus, the model is formulated as follows:
Minimize: z = 25x + 30y
Subject to:2x + y ≥ 62x + y ≤ 10x ≥ 0, y ≥ 0
Here, x represents the quantity of melt 1 and y represents the quantity of melt 2 used in the new alloy.
Therefore, the linear programming model for the given problem is Minimize:
z = 25x + 30ySubject to:2x + y ≥ 62x + y ≤ 10x ≥ 0, y ≥ 0.
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Suppose you invest $3,500 today and receive $10,750 in five years. a. What is the internal rate of return (IRR) of this opportunity? b. Suppose another investment opportunity also requires $3,500 upfront, but pays an equal amount at the end of each year for the next five years. If this investment has the same IRR as the first one, what is the amount you will receive each year? a. What is the internal rate of return (IRR) of this opportunity? The IRR of this opportunity is \%. (Round to two decimal places.)
a. Therefore, the internal rate of return (IRR) of this opportunity is 18.11%.
b. Therefore, the amount you will receive each year for the second investment opportunity is $2,177.91.
The internal rate of return (IRR) for the opportunity is calculated to be 18.11%. For the second investment opportunity with the same IRR, the annual cash flow will be $2,177.91. Internal rate of return (IRR) calculation:
N = 5 = $10,750
PV = -$3,500
IRR = ?
Using the formula PV = FV / (1 + IRR)^N, we can calculate the IRR using the trial and error method or an Excel function:
IRR = 18.11%
b. Calculation of annual cash flows for the second investment opportunity:
Since the second investment opportunity has the same IRR as the first one, we can use the present value (PV) of $3,500 to calculate the annual cash flows using the annuity formula:
PV = $3,500
r = 18.11%
n = 5
Using the formula A = PV x (r(1 + r)^n) / ((1 + r)^n - 1), we can calculate the annual amount:
A = $3,500 x (0.1811(1 + 0.1811)^5) / ((1 + 0.1811)^5 - 1)
The annual amount is $2,177.91 (rounded to two decimal places).
Therefore, the amount you will receive each year for the second investment opportunity is $2,177.91.
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intangible resources include all but which of the following
brand
knowledge
abilities
reputation
Intangible resources include all but abilities, Intangible resources refer to the resources that cannot be touched, seen, tasted, or felt. They include elements that are more abstract, such as knowledge, patents, and brand recognition.
These resources are often of considerable value to businesses, but they cannot be measured in the same way as tangible assets. Intangible resources can be used to establish an advantage over competitors and to create long-term success. For example, a company with a strong brand and reputation can charge higher prices for its products than a company that lacks such an advantage. Intangible resources can also be difficult to imitate.
For example, a company may be able to copy the physical characteristics of a competitor's product, but it may not be able to replicate the brand recognition or knowledge that the competitor has developed. In the given options, brand, knowledge, and reputation are intangible resources, but abilities are not.
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