Bakkar's personal traits, including resilience, adaptability, resourcefulness, and a strong work ethic, make him a good fit for an entrepreneurial career. These traits enable him to overcome challenges, embrace new opportunities, and pursue his passion for cheese-making while also seeking independence and self-direction.
a) Some personal traits that make Mohamed Bakkar fit for an entrepreneurial career include resilience, adaptability, resourcefulness, and a strong work ethic.
Resilience: Bakkar's ability to bounce back from adversity is evident in his transition from being an electrical engineer to starting a cheese business. Despite the challenges he faced in finding employment, he persevered and sought an alternative path to create his own business.Adaptability: Bakkar demonstrated adaptability by recognizing the language barrier and the limited opportunities in his field. He was willing to pivot and embrace a new industry, leveraging his skills and knowledge to pursue a cheese business.Resourcefulness: Bakkar's resourcefulness is evident in his decision to make cheese using traditional methods passed down from his mother. He utilized available resources and skills to start his business, leveraging his cultural background and knowledge of traditional cheese-making techniques.Strong work ethic: Bakkar's dedication and hard work are evident in his efforts to build a customer base of 10 Syrian-owned stores in Istanbul over a span of five years. This demonstrates his commitment and determination to succeed.These personal traits, including resilience, adaptability, resourcefulness, and a strong work ethic, contribute to Bakkar's suitability for an entrepreneurial career. They enable him to overcome challenges, seize opportunities, and persist in achieving his goals.
b) The reasons for Bakkar and many others like him to pursue entrepreneurial ventures can vary, but common motivations include necessity-driven entrepreneurship, the desire for independence and self-direction, and the pursuit of personal passion and fulfillment.
Necessity-driven entrepreneurship: Bakkar's entry into entrepreneurship was driven by necessity. Due to the limited job opportunities in his field and the language barrier, he had to find alternative means of supporting himself and his family. Entrepreneurship provided a pathway for economic survival and independence.Desire for independence and self-direction: Many individuals, like Bakkar, are drawn to entrepreneurship because it offers a greater level of control and autonomy over their work. Being their own boss allows them to make decisions, set their own agenda, and have a direct impact on the success of their ventures.Pursuit of personal passion and fulfillment: For some entrepreneurs, starting a business is driven by a deep passion for a specific product, service, or industry. In Bakkar's case, his love for cheese-making and the desire to preserve traditional methods passed down from his mother were factors that motivated him to pursue his entrepreneurial journey.Opportunities for financial success: Entrepreneurship also offers the potential for financial rewards and wealth creation. Individuals may see it as an opportunity to build a profitable business and achieve financial security or even prosperity.Overall, Bakkar's motivations align with the common reasons for pursuing entrepreneurial ventures, including necessity-driven entrepreneurship, the desire for independence, the pursuit of personal passion, and the potential for financial success.
The question should be:
A Cheese Producer Pursues A New Market Through E-Commerce:
The Case of Mohamed Bakkar Mohamed Bakkar, an entrepreneur running a business called Besma (joyful” in Arabic), fled to Turkey in 2016. Bakkar had been an electrical engineer in Syria, but he was unable to find a job in his field upon arrival in Turkey due to the Arabic-Turkish language barrier. He decided to pursue a cheese business instead, making the cheese the same way his mother did when he was a child. He produced the cheese in bulk and prepared it for distribution to local Syrian-owned dairy stores. After about five years, Bakkar had built a customer base of 10 Syrian-owned stores in Istanbul, but the Syrian-style cheese market had become increasingly crowded. He needed a strategic plan for growth, and was considering selling directly to individual customers and creating an e- commerce website to expand his reach to include Turks.
Q.1
a) Given Bakkar's choices and approach to entrepreneurship what personal traits make him fit for an entrepreneurial career?
b) Different people are driven into entrepreneurial ventures for different reasons, and what are|| these reasons for Bakkar and many others like him?
To learn more about personal traits, Visit:
https://brainly.com/question/7375078
#SPJ11
Arlington LLC purchased an automobile for $68,000 on July 5, 2021. What is Arlington's depreciation deduction for 2021 if its business-use percentage is 67 percent? (Ignore any possible bonus depreciation.) (Use Exhibit 10-10.) Multiple Choice:
$5,225 $6,800 $6,767 $10,200 None of the choices are correct.
Arlington's depreciation deduction for 2021 is $6,800
What is Arlington LLC's depreciation deduction?
To get depreciation deduction, we need to determine the allowable depreciation amount and then multiply it by the business-use percentage.
The maximum depreciation for a luxury auto in the first year is the lesser of $10,000 or its MACRS amount of $13,400 (20% of $68,000). In this case, the maximum depreciation amount is $10,000.
To find the depreciation deduction, we multiply the maximum depreciation amount by the business-use percentage. The depreciation deduction:
= $10,000 × 67%
= $6,700.
Read more about depreciation deduction
brainly.com/question/29674219
#SPJ1
A marketer focuses on several commonalities among all consumers. This marketer appears to be engaging in a. Differentiated marketing b. Concentrated marketing c. Mass customization d. Undifferentiated marketing e. Segmented marketing
The marketer focusing on commonalities among all consumers is engaging in undifferentiated marketing, which involves targeting the entire market without segmenting or differentiating based on consumer characteristics.
Undifferentiated marketing, also known as mass marketing, treats all consumers as having similar needs and preferences. The marketer develops a marketing strategy that appeals to the broadest possible audience, without customizing or segmenting the market based on specific consumer traits or preferences.
This approach assumes that the target market shares common interests and desires, aiming to reach as many consumers as possible with a standardized marketing message or product. Therefore, option d, "Undifferentiated marketing," accurately describes the marketer's strategy in this scenario.
To learn more about Undifferentiated marketing, click here: brainly.com/question/30460742
#SPJ11
if there are two countries with two good it is possible for one country to have the comparative advantage in both goods.
It is possible for one country to have the comparative advantage in producing both goods. This is because comparative advantage is based on opportunity cost.
Comparative advantage refers to the ability of a country to produce a good at a lower opportunity cost compared to another country. Opportunity cost refers to the cost of producing a good in terms of the next best alternative that has to be given up.In the case where two countries have two goods, it is possible for one country to have a comparative advantage in producing both goods. This is because comparative advantage is based on opportunity cost. If a country has a lower opportunity cost in producing both goods compared to the other country, then it has a comparative advantage in producing both goods.
Country A and Country B both produce cars and computers. If Country A has a comparative advantage in producing cars and also has a lower opportunity cost of producing computers compared to Country B, then Country A has a comparative advantage in producing both cars and computers. This is because Country A can produce both cars and computers at a lower opportunity cost compared to Country B.
To know more about cost visit:
https://brainly.com/question/14566816
#SPJ11
Define the concept of Diversity? Using your own experience working with different people in a group, discuss the importance and challenges of working with others who come from different backgrounds. (e.g. culture, interests, age, etc). What do you learn about managing diversity? 1. Review the literature related to diversity. In reading the literature, try to identify gaps and establish research questions/objectives 2. Collect data (primary and/or secondary). Each group member will contribute their reflection account about their own group experience, compare and analyse these reflections across group members, then analyse it to generate themes. Students can also collect information from knowledgeable people who are happy to talk about their experience (virtual interviews/chats etc.).
"Diversity refers to the presence of a wide range of individual differences and similarities that exist among people within a group, organization, or society."It encompasses various dimensions, such as race, ethnicity, gender, age, sexual orientation, socioeconomic status, physical abilities, religious beliefs, and cultural backgrounds. Diversity recognizes and values these differences and promotes inclusivity, respect, and equal opportunities for all individuals, regardless of their backgrounds.
2. Importance and Challenges of Working with Diverse Individuals:
Working with individuals from different backgrounds brings numerous benefits, including:
a. Enhanced creativity and innovation: Diverse perspectives and experiences can lead to more creative problem-solving and innovative ideas. When people with different backgrounds collaborate, they bring unique insights and approaches that can lead to more effective solutions.
b. Broader range of skills and knowledge: Each individual possesses a unique set of skills, knowledge, and experiences. Working with diverse individuals allows for the exchange of knowledge and the development of a more comprehensive skill set within the group.
c. Improved decision-making: Diversity can contribute to better decision-making processes by bringing together individuals with different viewpoints and information. Diverse perspectives challenge assumptions and biases, leading to more thorough and thoughtful decisions.
However, working with individuals from different backgrounds also presents challenges, such as:
a. Communication barriers: Differences in language, cultural norms, and communication styles can hinder effective communication and understanding. Misinterpretations, misunderstandings, and language barriers may arise, leading to conflicts or breakdowns in collaboration.
b. Stereotypes and biases: Stereotypes and biases can influence perceptions and interactions among team members. Preconceived notions based on cultural, racial, or other backgrounds may lead to unfair judgments or exclusion.
c. Conflict and tension: Cultural, value, and interest differences can result in conflicts or tensions within the group. Varying opinions and approaches may clash, requiring effective conflict resolution strategies.
Lessons Learned about Managing Diversity:
From my experience working with different people in a group, I have learned several valuable lessons about managing diversity:
a. Foster an inclusive and respectful environment: Creating a culture of inclusivity and respect is crucial. Encouraging open dialogue, active listening, and valuing diverse perspectives can help individuals feel comfortable expressing their ideas and opinions.
b. Develop cultural competence: Understanding and appreciating different cultural backgrounds is essential for effective collaboration. It is important to educate oneself about diverse cultures, traditions, and communication styles to navigate potential cultural barriers.
c. Promote effective communication: Clear and transparent communication is vital in diverse groups. Encouraging open and honest communication, active listening, and seeking clarification when needed can help overcome language and communication barriers.
d. Embrace diversity as a strength: Recognizing and valuing the strengths that diversity brings can enhance team dynamics. Acknowledging the unique contributions of each individual and leveraging their diverse skills and perspectives can lead to stronger outcomes.
e. Address conflicts constructively: Conflict is inevitable in diverse groups, but addressing conflicts constructively is key. Encouraging open dialogue, promoting empathy, and using conflict resolution techniques can help resolve conflicts and foster a positive team environment.
Research Questions/Objectives:
a. How does diversity impact team performance and outcomes in different organizational settings?
b. What are the best practices for managing and leveraging diversity in teams?
c. How do cultural differences influence communication and collaboration in diverse groups?
d. What strategies can be implemented to mitigate biases and stereotypes in diverse teams?
e. How does diversity impact individual creativity and innovation within teams?
f. What are the long-term effects of diversity on organizational culture and employee satisfaction?
Note: The research questions provided are broad and can be further refined based on the specific context and scope of the study.
To know more about concept of diversity visit:
https://brainly.com/question/20830662
#SPJ11
For non-profits, the distinguishing characteristic will be
A.
Ensuring they maximixe donations
B.
Transparency as to the sources and uses of funds received and services provided
C.
Paying their staff at least market rates for their skills
D.
Writing grants to get free money
The distinguishing characteristic for non-profits is transparency as to the sources and uses of funds received and services provided. The correct option is B.
Non-profits are entities that work for public benefit, rather than to earn profits. The primary goal of non-profit organizations is to fulfill their mission, which is to serve the public, not to generate revenue. This is a significant difference from for-profit organizations, which exist primarily to generate profits for their owners or shareholders.
As such, non-profits should not only be transparent about their funding sources and expenses, but also be accountable for the public benefit they provide. They should make public their objectives and how they use their funds to achieve them. By doing so, non-profit organizations are able to maintain public trust and accountability, which are essential for their sustainability and continued success.
To know more about non-profits visit:-
https://brainly.com/question/30927040
#SPJ11
If you invest $600 today, how much will be your account after 7 years? You know that the interest rate in the first year is predicted to be 11%, for the next 2 year, it can be 12% and in the last 4 years, it is forecasted to be 10%.
The amount of $600 invested will be $1299.28 after 7 years.
The information can be summarized as follows:
Initial Investment = $600
Interest Rate in the First Year = 11%
Interest Rate in the Next Two Years = 12%
Interest Rate in the Last Four Years = 10%
Now we can calculate the future value of the investment using the formula for compound interest:
Future Value = P(1 + r/n)^(nt)
Where P = the principal investment (in this case, $600)
r = the annual interest rate (as a decimal)
n = the number of times that interest is compounded per year (since the interest is compounded annually in this case, n = 1)t = the number of years
Let's start by calculating the future value of the investment after the first year:
Future Value after the first year = 600(1 + 0.11/1)^(1×1) = $666
Next, let's calculate the future value after the next two years using the interest rate of 12%:
Future Value after the next two years = 666(1 + 0.12/1)^(1×2) = $846.55
Finally, we can calculate the future value after the last four years using the interest rate of 10%:
Future Value after the last four years = 846.55(1 + 0.10/1)^(1×4) = $1299.28
Therefore, the account will be worth $1299.28 after 7 years if an initial investment of $600 is made and the interest rate is predicted to be 11% for the first year, 12% for the next two years, and 10% for the last four years.
Learn more about future value here: https://brainly.com/question/30390035
#SPJ11
Self-assessment activity: What is the cost of new common stock? (Round off to two decimal places) 2 points Add class comment Solve this problem. USWAG Company is preparing to issue common stock. The company is attempting to estimate the cost of common stock. The company paid dividend of P5.25. The current market price reflects a 15% expected annual return on investors. Dividends are expected to grow at a constant rate of 10% per year. Flotation costs on the new issue will be P3.75 per share.
Cost of New Common Stock USWAG Company has paid a dividend of P5.25 and the current market price reflects a 15% expected annual return on investors.
Dividends are expected to grow at a constant rate of 10% per year and flotation costs on the new issue will be P3.75 per share.Cost of new common stock is determined by adding the flotation cost to the dividend and then divide the sum by the difference between the expected return and the growth rate. The formula to calculate the cost of common stock is given as;Cost of common stock = [D1 + F] / [P0 - F] + gWhere,D1 = expected dividend in one year, F = flotation cost per share, P0 = net price of one share, and g = constant growth rate per year.
Given that;Expected dividend in one year, D1 = D0 (1 + g) = P5.25(1 + 10%) = P5.775Flotation cost per share, F = P3.75Net price of one share, P0 = D1 / (rs - g) = P5.775 / (15% - 10%) = P115.50Substituting these values in the above formula, we have;Cost of common stock = [D1 + F] / [P0 - F] + g= [P5.775 + P3.75] / [P115.50 - P3.75] + 10%= 0.15 or 15%Therefore, the cost of new common stock for USWAG Company is 15%.The answer is 15% and it is expected to be written in 150 words in a complete sentence.
To know more about investors visit;-
https://brainly.com/question/31933294
#SPJ11
In addition to financial considerations, at least for some projects, there are important ethical considerations that enter the capital budgeting decision making. A) True B) False
The statement "In addition to financial considerations, at least for some projects, there are important ethical considerations that enter the capital budgeting decision making" is true.
Capital budgeting is the procedure of assessing possible investments and making long-term decisions concerning whether or not to pursue such investments. It's a technique that assesses an investment's future cash inflows and outflows to determine its desirability as a long-term project.
Capital budgeting also involves ethical considerations in addition to financial ones. For instance, corporations must consider ethical concerns when assessing investments that affect the environment, human rights, labor laws, or other ethical and moral considerations when making decisions.
As a result, the proper decision-making process should include financial and ethical considerations. Thus, the statement "In addition to financial considerations, at least for some projects, there are important ethical considerations that enter the capital budgeting decision making" is true.
Know more about the Capital budgeting
https://brainly.com/question/14020241
#SPJ11
Describe the competitors that Northern Kentucky University Haile/US Bank College of Business MBA program both direct and indirect competitors, that the company faces be thorough and strategically analytical and create a SWOT analysis that centers around Northern Kentucky University Haile/US Bank College of Business MBA program make sure to include enough explanatory depth so the reader undstands. The SWOT should correloate with the Competitors description. Please give specific competitors and describe a SWOT analysis specific to Northern Kentucky University MBA program for Haile/US Bank College of Business.
Northern Kentucky University Haile/US Bank College of Business MBA program:Northern Kentucky University Haile/US Bank College of Business MBA program is considered one of the most prestigious and renowned MBA programs in the US.
The program has been designed to meet the needs of business professionals and executives who want to take their careers to the next level. The program offers a comprehensive curriculum that includes coursework in business strategy, finance, marketing, accounting, operations management, and leadership. The program also offers a wide range of specializations, including entrepreneurship, health care management, and international business.Direct Competitors: Some of the direct competitors of Northern Kentucky University Haile/US Bank College of Business MBA program are as follows:Harvard Business SchoolStanford Graduate School of BusinessKellogg School of Management at Northwestern UniversityThe Wharton School at the University of PennsylvaniaBooth School of Business at the University of ChicagoMIT Sloan School of ManagementIndirect Competitors:
Some of the indirect competitors of Northern Kentucky University Haile/US Bank College of Business MBA program are as follows:Online MBA programsLocal business schoolsCompetitors Description:Northern Kentucky University Haile/US Bank College of Business MBA program faces fierce competition from some of the top MBA programs in the US. These MBA programs are renowned for their comprehensive curriculums, outstanding faculty, and excellent resources. The program also faces competition from other MBA programs offered by local business schools. Additionally, online MBA programs are becoming increasingly popular among business professionals and executives.
To know more about Business visit :
https://brainly.com/question/15826771
#SPJ11
Choose one of the companies below and discuss how you believe the company provide value to consumers. Explain both hedonic and utilitarian values. When discussing value, consider the positive consequences (benefits) as well as the negative consequences (sacrifices, opportunity costs).- Home Depot, Apple, Barnes and Noble, Tiffany & Co.
Tiffany & Co. provides value to consumers through both hedonic and utilitarian aspects. The hedonic value comes from the emotional satisfaction and pleasure associated with owning luxury jewelry and accessories.
The utilitarian value is derived from the functional benefits these products offer, such as high-quality materials and craftsmanship.
Tiffany & Co.'s hedonic value lies in the brand's prestige, exclusivity, and the emotional connection customers feel when wearing their iconic jewelry pieces. Owning and displaying Tiffany jewelry can evoke feelings of status, elegance, and self-expression, contributing to a sense of luxury and indulgence. The brand's timeless designs and association with special occasions also add to the hedonic value, making their products desirable for gifting and creating lasting memories.
On the utilitarian side, Tiffany & Co. ensures that consumers receive value through the quality and craftsmanship of their products. The company uses high-quality materials like sterling silver, gold, and diamonds, creating durable and long-lasting pieces. This quality translates into tangible benefits for consumers, as they can enjoy their jewelry for years to come without worrying about premature wear or damage. However, it's important to acknowledge that the sacrifices and opportunity costs associated with purchasing Tiffany & Co. products are their high price points and the potential financial strain it may cause for some consumers. Additionally, maintaining and safeguarding these valuable items may require extra care and attention.
To learn more about consumers click here:
brainly.com/question/27773546
#SPJ11
Variable costing income statement LO P2 Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 5,100 rackets and sold 4,000. Each racket was sold at a price of $81. Fixed overhead costs are $61,710, and fixed selling and administrative costs are $64,300. The company also reports the following per unit variable costs for the year: Variable product costs Variable selling and administrative expenses $ 24.10 $ 1.10 Prepare an income statement under variable costing.
Net Income: The net income for Aces Inc. can be calculated by deducting the total fixed costs from the contribution margin. Net income = $70,680.
Variable Costing Income Statement of Aces Inc. is as follows:
Revenue: The total revenue for Aces Inc. will be the total number of rackets sold multiplied by the selling price per unit.
Total revenue = 4,000 * $81 = $324,000.
Variable Product Cost: The total variable product cost for Aces Inc. is calculated by multiplying the variable cost per unit with the total number of units produced.
Total variable product cost = 5,100 * $24.10 = $122,910.
Variable Selling and Administrative Expense: The total variable selling and administrative expenses for Aces Inc. is calculated by multiplying the variable cost per unit with the total number of units sold.
Total variable selling and administrative expense = 4,000 * $1.10 = $4,400.
Contribution Margin: The contribution margin is calculated as follows:
Contribution margin = Total revenue – Total variable costs.
Contribution margin = $324,000 – ($122,910 + $4,400)
= $196,690.
Fixed Costs: The fixed costs for Aces Inc. include both fixed overhead costs and fixed selling and administrative costs. Total fixed costs = $61,710 + $64,300 = $126,010.
Net Income: The net income for Aces Inc. can be calculated by deducting the total fixed costs from the contribution margin.
Net income = $196,690 – $126,010
= $70,680.
To know more about revenue visit:
https://brainly.com/question/14952769
#SPJ11
D Question 4 4. Certain information relative to the 2012 operations of Ball Co. follows: Accounts receivable, January 1, 2012 $48.000 Accounts receivable collected during 2012 92,000 Cash sales during 2012 24,000 Inventory, January 1, 2012 36,000 Inventory. December 31, 2012 33,000 Purchases of inventory during 2012 80,000 Gross profit on sales 27,000 What is Ball's accounts receivable balance at December 31, 2012? O a $36,000. O b. $42.000. Oc$48,000. O d. $66.000, L H a 1 pts
$66,000 is Ball's accounts receivable balance at December 31, 2012. Option d. is correct.
Certain information relative to the 2012 operations of Ball Co. follows:
Accounts receivable, January 1, 2012 $48.000
Accounts receivable collected during 2012 92,000
Cash sales during 2012 24,000 Inventory, January 1, 2012 36,000 Inventory.
December 31, 2012 33,000 Purchases of inventory during 2012 80,000
Gross profit on sales 27,000
Accounts receivable at December 31, 2012 = (Accounts receivable, January 1, 2012 + Cash sales during 2012) - Accounts receivable collected during 2012
Accounts receivable at December 31, 2012 = ($48,000 + $24,000) - $92,000= $72,000 - $92,000= - $20,000
The accounts receivable balance of Ball Co. at December 31, 2012, is $20,000 which is a negative balance. Hence, correct answer is d. $66,000.
To know more about accounts refer here :
https://brainly.com/question/30101466
#SPJ11
All else constant, a decrease in interest expenses will cause a(an):
A) Increase in the cash coverage ratio.
B) Decrease in the long term debt ratio.
C) Decrease in net working capital.
D) Decrease in the times interest earned ratio.
Correct answer is D): Decrease in the times interest earned ratio.
The times interest earned ratio measures a company's ability to cover its interest expenses with its operating income. A decrease in interest expenses would result in a lower denominator in the ratio (i.e., the interest expense), which would decrease the overall ratio. Therefore, a decrease in interest expenses would lead to a decrease in the times interest earned ratio.When interest expenses decrease, it means the company has to allocate less cash towards interest payments. As a result, the company's ability to cover its interest payments with its operating cash flow improves, leading to an increase in the cash coverage ratio. The cash coverage ratio measures the company's ability to meet its interest obligations using its cash flow.
Learn more about operating income. visit:
brainly.com/question/32545534
#SPJ11
A retail business budgets a period with a sales income of NOK. 70,000,000. Total costs (fixed and variable costs) are expected to amount to 80% of sales revenue. Coverage 30%. What is budgeted zero point sales?
The budgeted zero-point sales of the given retail business is NOK 34,000,000.
The calculations to obtain this answer are shown below.
The total costs of the retail business is 80% of the sales revenue.
Hence, the total costs amount to:
Total costs = 80/100 × NOK 70,000,000= NOK 56,000,000
The coverage of the retail business is 30%. Hence, the contribution margin is 70% (100% – 30%) of sales revenue. Thus, the contribution margin amounts to: Contribution margin = 70/100 × NOK 70,000,000= NOK 49,000,000
The budgeted zero-point sales of the retail business can be calculated as follows:
Fixed costs + Variable costs = Total costs
Contribution margin = Sales – Total costs
Fixed costs + Variable costs = 70/100 × SalesNOK 49,000,000
= NOK 70,000,000 – Total costsTotal costs
= NOK 21,000,000Fixed costs
= Total costs × 80/100
= NOK 21,000,000 × 80/100= NOK 16,800,000
Zero point sales = Fixed costs / (Contribution margin / Sales)
= NOK 16,800,000 / (49/100)= NOK 34,285,714.29
The budgeted zero-point sales of the retail business are NOK 34,285,714.29, but the required answer is in whole amounts.
Therefore, the answer should be NOK 34,000,000.
To know more about the budgeted zero-point sales, click here;
https://brainly.com/question/15865805
#SPJ11
On January 1, 2019, Always Corporation issues $2,800,000, 5-Willis Company trades in a printing press for a newer model. The cost of the old printing press was $60,000, and accumulated depreciation up to the date of the trade-in is $43,000. The company also pays $43,000 cash for the newer printing press. The fair
market value of the newer printing press is $70,000 The journal entry to acquire the new printing press will require a debit to Printing Press for
A. $43,000
B. $103,000.
C. $70,000.
D. $60,000
The journal entry to acquire the new printing press will be as follows:
debit: printing press $70,000 (to record the cost of the new printing press)credit: cash $43,000 (to record the cash payment for the new printing press)
c. $70,000.
the debit amount of $70,000 represents the cost of the new printing press, which is the fair market value.
when acquiring a new printing press, the journal entry should account for the cost of the new asset. in this scenario, the company pays $43,000 in cash for the newer printing press, which represents the fair market value of $70,000. the accumulated depreciation and the cost of the old printing press are not directly relevant to the journal entry for acquiring the new printing press.Always Corporation issues $2,800,000, 5-Willis Company trades in a printing press for a newer model. The cost of the old printing press was $60,000, and accumulated depreciation up to the date of the trade-in is $43,000. The company also pays $43,000 cash for the newer printing press. The fair
market value of the newer printing press is $70,000 The journal entry to acquire the new printing press will require a debit to Printing Press for
Learn more about Company here:
https://brainly.com/question/30532251
#SPJ11
The major difference between valuing futures versus forward contracts stems from the fact that future contracts are
a traded on exchange.
b backed by a clearinghouse.
c marked-to-market daily.
d less risky.
e relatively inflexible.
The major difference between valuing futures versus forward contracts is that futures contracts are traded on an exchange and backed by a clearinghouse.
This means that futures contracts are standardized, regulated, and have a centralized clearing mechanism. On the other hand, forward contracts are privately negotiated agreements between two parties without the involvement of an exchange or clearinghouse.
The involvement of an exchange and clearinghouse in futures contracts provides several advantages, including increased liquidity, reduced counterparty risk, and daily mark-to-market valuation. Futures contracts are marked-to-market daily, which means that the gains or losses based on the contract's value are settled on a daily basis. This mechanism helps in mitigating counterparty risk and ensures transparency in pricing.
Learn more about clearinghouse here:
https://brainly.com/question/30246172
#SPJ11
Which type of integrated plan subtracts some amount from a gross
plan benefit?
A. Excess plan
B. Offset plan
C. Covered compensation plan
D. Social Security wage base plan
The answer to the given question is option B) Offset plan.Integrated plans can be described as pension plans that combine elements of defined benefit plans and defined contribution plans.
These plans provide employees with guaranteed benefits from the defined benefit portion and the opportunity to contribute to the defined contribution portion. An offset plan is a type of integrated plan that subtracts some amount from a gross plan benefit.Offset plans are used by many employers to reduce their defined benefit plan costs. When an employee is eligible for benefits under both the defined benefit plan and the defined contribution plan, the benefit under the defined contribution plan is reduced by the amount that the employee receives under the defined benefit plan.
This reduces the employer's contribution to the defined contribution plan. Thus, the employee's total benefit is reduced, but the employer's cost is reduced as well.
To know more about Offset plan visit-
https://brainly.com/question/31194572
#SPJ11
Suppose an item of information is capable of being provided. It is relevant to a particular decision and can be faithfully represented. It is also comparable, verifiable, timely and could be understood by the decision maker.
Can you think of a good reason why, in practice, you might decide not to produce the information?
Yes, there might be good reasons why in practice, someone might decide not to produce the information that is capable of being provided, is relevant to a particular decision, and can be faithfully represented, comparable, verifiable, timely, and could be understood by the decision maker.
One of the good reasons could be the Cost of Production, if the cost of producing the information is very high and there is a limited budget, then it might not be feasible to produce the information.
Another reason could be Time Constraints, when there are time constraints and the production of information would take a long time and would delay the decision-making process, then it might not be feasible to produce the information.
Another reason could be that the information is already present, so if the information already exists and is readily available, then it would be unnecessary to produce the same information again.A good reason to not produce information is that it might cause damage or harm.
For instance, it could be sensitive information that could potentially harm the organization or decision-making process if leaked, so in such cases, it would be better to avoid the production of the information.
To know more about verifiable refer here:
https://brainly.com/question/12694638#
#SPJ11
Seat has a debt–equity ratio of 1 Its WACC is 10 percent, and its cost of debt is 5 percent.
The corporate tax rate is 25 percent. Find cost of equity capital What is the unlevered cost of equity capital? What would the cost of equity be if the debt–equity ratio was 2?
If the debt-equity ratio is 2, the cost of equity capital for Seat would be 13.125%.
To find the cost of equity capital, we can use the formula for weighted average cost of capital (WACC) and solve for the cost of equity. The formula for WACC is:
WACC = (E/V) * Re + (D/V) * Rd * (1 - Tc)
Where:
E = market value of equity
V = total market value of the firm (E + D)
Re = cost of equity
D = market value of debt
Rd = cost of debt
Tc = corporate tax rate
Given:
Debt-equity ratio = 1
WACC = 10%
Cost of debt (Rd) = 5%
Corporate tax rate (Tc) = 25%
First, let's assume the market value of debt (D) is 1 unit. Then the market value of equity (E) would also be 1 unit because the debt-equity ratio is 1.
Since Debt-equity ratio = D/E, we can write:
1 = D/E
D = E
Therefore, D = E = 1 unit.
Now, we can calculate the total market value of the firm (V):
V = E + D
V = 1 + 1
V = 2 units
Now we can substitute the given values into the WACC formula and solve for Re (cost of equity):
0.10 = (1/2) * Re + (1/2) * 0.05 * (1 - 0.25)
0.10 = (1/2) * Re + (1/2) * 0.05 * 0.75
0.10 = (1/2) * Re + 0.0375
0.10 - 0.0375 = (1/2) * Re
0.0625 = (1/2) * Re
Re = 0.0625 * 2
Re = 0.125 or 12.5%
Therefore, the cost of equity capital for Seat is 12.5%.
To calculate the unlevered cost of equity capital, we need to remove the effects of debt from the WACC calculation. The unlevered cost of equity (Reu) represents the cost of equity for a company with no debt.
We can use the following formula to find Reu:
Reu = Re * (1 - Tc)
Given Tc = 25% and Re = 12.5% (from the previous calculation):
Reu = 0.125 * (1 - 0.25)
Reu = 0.125 * 0.75
Reu = 0.09375 or 9.375%
Therefore, the unlevered cost of equity capital for Seat is 9.375%.
If the debt-equity ratio is 2, the formula for WACC becomes:
WACC = (2/3) * Re + (1/3) * 0.05 * (1 - 0.25)
We can solve for Re:
0.10 = (2/3) * Re + (1/3) * 0.05 * 0.75
0.10 = (2/3) * Re + 0.0125
0.10 - 0.0125 = (2/3) * Re
0.0875 = (2/3) * Re
Re = 0.0875 * (3/2)
Re = 0.13125 or 13.125%
Therefore, if the debt-equity ratio is 2, the cost of equity capital for Seat would be 13.125%.
To know more about debt-equity ratio visit
https://brainly.com/question/28391877
#SPJ11
The financial statements do not report all items that an investor would consider when evaluating a company. For example, I have mentioned in lecture that "employees" are not reported as assets on the balance sheet. Another important item that the financial statements do not consider is market differences in which companies operate (i.e., competitive conditions and expected changes). Yet, in predicting a company's future performance, it is important to identify whether a company has a competitive advantage, and what that competitive advantage is. Barriers to entry, product differentiation, and cost leader are three different types of competitive advantage that allow a company to achieve excess returns. Research the meaning of each of these competitive advantages, and determine which one, if any, best fits Dollar General. cost leader O barriers to entry Dollar General does not have an obvious competitive advantage O product differentiation.
Competitive advantages refer to what a company has to enable them to perform better than their competitors.
Competitive advantages can come from a variety of sources such as patents, brand identity, location, or technology. The financial statements do not report all the information that investors would need when analyzing a company. One such piece of information that the financial statements do not report is the competitive advantages that a company has. Barriers to entry, cost leader, and product differentiation are the three different types of competitive advantage that allow a company to achieve excess returns.Each of these competitive advantages can benefit a company in various ways. For example, barriers to entry are the obstacles that limit the number of businesses entering an industry. A business with a high entry barrier has an advantage over other businesses as there is limited competition. On the other hand, a cost leader is a company that has lower costs than its competitors. This is a competitive advantage because the company can lower their prices and sell more products than competitors.Dollar General is a company that is best categorized as a cost leader. Dollar General's products are competitively priced, making them attractive to price-sensitive consumers. They offer high-quality products at affordable prices, making them a cost leader. Dollar General's business strategy is to make its products affordable to low and middle-income customers. Dollar General competes with other retailers like Walmart, Target, and Amazon.
To know more about competitors visit :-
https://brainly.com/question/29555208
#SPJ11
Describe a trade policy that would help grow the US economy.
Include how and why it would help the economy. 200 words
minimum
A trade policy that could help grow the US economy is the promotion of export-oriented industries. By focusing on industries with high export potential, the US can boost economic growth and create jobs.
Export-oriented industries are sectors that prioritize producing goods and services for foreign markets. This strategy involves identifying sectors where the US has a competitive advantage, such as technology, aerospace, pharmaceuticals, or agriculture, and implementing policies to support their growth.
By nurturing export-oriented industries, the US can tap into the global market and increase its share of international trade. This leads to several economic benefits. Firstly, exporting helps generate revenue and foreign exchange, boosting economic growth. Secondly, it stimulates domestic production, as companies expand to meet the demand from foreign customers. This, in turn, leads to job creation and increased income levels.
Furthermore, export-oriented industries often drive innovation and technological advancements. To remain competitive in the global market, companies invest in research and development, leading to improved products, processes, and efficiency gains. This spillover effect benefits other sectors of the economy as well.
To support export-oriented industries, the US can provide targeted incentives, such as tax breaks, grants, and subsidies, to encourage their growth and competitiveness. Additionally, investments in infrastructure, logistics, and trade facilitation measures can enhance the ease of doing business and reduce trade barriers.
In summary, a trade policy focused on promoting export-oriented industries can help grow the US economy by generating revenue, creating jobs, stimulating innovation, and improving overall competitiveness. By capitalizing on sectors where the US has a comparative advantage, such a policy can contribute to sustainable economic growth and prosperity.
To know more about ,domestic production, click here https://brainly.com/question/17003232
#SPJ11
The Fitness Studio, Inc.’s, 2021 income statement lists the following income and expenses: EBITDA = $654,000, EBIT = $531,000, interest expense = $62,000, and net income = $437,000. Calculate the 2021 taxes reported on the income statement.
The 2021 taxes are reported on the income statement = $32,000
To calculate the 2021 taxes reported on the income statement, one needs to start with the given information:
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) = $654,000
EBIT (Earnings Before Interest and Taxes) = $531,000
Interest Expense = $62,000 Net Income = $437,000
EBIT = Net Income + Interest Expense + Taxes.
It can be re-written as
Taxes = EBIT - Interest Expense - Net Income
Taxes = $531,000 - $62,000 - $437,000
Taxes = $32,000
Thus, the 2021 taxes reported on the income statement for The Fitness Studio, Inc. is $32,000.
Learn more about Taxes here:
https://brainly.com/question/12611692
#SPJ4
A company issues 36,000 shares of $6 par value common stock at $18 per share. When the transaction is recorded, the credit side of the journal entry will be:
Common Stock $648,000
Common Stock $216,000 and Paid-in-Capital in Excess of Par Value $432,000
Common Stock $216,000 and Retained Earnings $432,000
Retained Earnings $648,000
When transaction will be recorded, the credit side of the journal entry is; Common Stock $216,000 and Paid-in-Capital in Excess of Par Value $432,000. Option B is correct.
When a company issues shares of common stock at a price higher than the par value, the par value portion is recorded as Common Stock, and the excess amount above the par value is recorded as Paid-in-Capital in Excess of Par Value.
In this case, the company issues 36,000 shares of $6 par value common stock at $18 per share. The par value per share is $6, and the excess above par value is $18 - $6 = $12.
To record this transaction, the journal entry will be;
Debit Cash (36,000 shares × $18 per share) = $648,000
Credit Common Stock (36,000 shares × $6 par value per share) = $216,000
Credit Paid-in-Capital in Excess of Par Value (36,000 shares × $12 excess per share) = $432,000
So the credit side of the journal entry will be Common Stock $216,000 and Paid-in-Capital in Excess of Par Value $432,000.
Hence, B. is the correct option.
To know more about common stock here
https://brainly.com/question/13607839
#SPJ4
--The given question is incomplete, the complete question is
"A company issues 36,000 shares of $6 par value common stock at $18 per share. When the transaction is recorded, the credit side of the journal entry will be: A) Common Stock $648,000 B) Common Stock $216,000 and Paid-in-Capital in Excess of Par Value $432,000 C) Common Stock $216,000 and Retained Earnings $432,000 D) Retained Earnings $648,000."--
If the demand for a product is elastic, then Multiple Choice The percentage change in price s greaterthan the percentage change in quanty demanded. The percentage chonge in quantity demended is greater than the percentage in price Buyers are not very sensitive to a change in price. The change in the quantity demanded is greater than the change in income
If the demand for a product is elastic, then the percentage change in price is greater than the percentage change in quantity demanded. The correct option is: The percentage change in price is greater than the percentage change in quantity demanded.
Elastic demand is a type of demand which describes how sensitive a particular product is with respect to a change in the price of that product. It is a type of demand where a change in the price of the product leads to a more significant change in the quantity demanded of the product. Elasticity is a measure of the sensitivity of quantity demanded with respect to changes in any factor that affects demand. Elasticity shows the degree of responsiveness of demand when there is a change in price, income, or other factors.
In the case of elastic demand, a small change in price leads to a significant change in the quantity demanded of the product. The price elasticity of demand is the ratio of the percentage change in quantity demanded to the percentage change in price. In other words, it measures the responsiveness of demand to a change in price
The price elasticity of demand is calculated as follows:
Price Elasticity of Demand = % change in quantity demanded / % change in priceIn general, if the price elasticity of demand is greater than 1, then the demand is considered elastic. If the price elasticity of demand is less than 1, then the demand is considered inelastic. If the price elasticity of demand is equal to 1, then the demand is considered unit elastic.
To know more about Percentage Change In Price visit:
https://brainly.com/question/31619503
#SPJ11
In 1000 words and in detail solution explain:
"What is the Economic growth impact OF COVID 19 IN TONGA FROM
2019 TO 2021"
The years 2019 to 2021 have been characterized by significant global events and challenges that have impacted various sectors of the economy and society.
From natural disasters such as wildfires and hurricanes to a global pandemic, the world has been hit with challenges that have disrupted daily life. Additionally, there has been political turmoil, social justice movements, and economic fluctuations that have impacted various regions differently. In 2019, the world was hit by devastating wildfires that swept through Australia, destroying homes, property, and wildlife habitats. This was followed by a series of hurricanes that hit different parts of the world, leaving a trail of destruction.
In 2020, the world was hit by the COVID-19 pandemic, which has led to the loss of millions of lives and disrupted economies, education, and social activities. The pandemic has also led to changes in how people work, learn, and interact. Finally, there have been social justice movements across the world, with protests against racism and police brutality leading to changes in policy and heightened awareness of systemic issues. These events and challenges have shaped the years 2019 to 2021 in different ways, leaving a lasting impact on different sectors of society and the economy.
Know more about economy and society, here:
https://brainly.com/question/28535614
#SPJ11
apollo has maintained a positive trend in net income over the past several years, and has a strategic emphasis on meeting profitability targets. yes or no
Yes, Apollo has maintained a positive trend in net income over the past several years, and has a strategic emphasis on meeting profitability targets because Apollo is a leading education provider.
It has consistently maintained a positive trend in its net income over the past several years. This is indicative of the fact that Apollo has a stable business model. The company’s ability to deliver quality education has helped in building a reputation that has allowed it to maintain profitability targets. They have strategic emphasis to meet their profitability targets, which has helped them to strengthen their position in the education industry.
Apollo is committed to providing high-quality education and training to students, and they are continuously striving to improve their offerings. With their focus on profitability and quality education, Apollo will likely continue to maintain a positive trend in net income. So therefore Apollo has maintained a positive trend in net income over the past several years, and has a strategic emphasis on meeting profitability targets because Apollo is a leading education provider.
To know more about net income here
https://brainly.com/question/30338996
#SPJ11
Wong owns a magic-training company ("Kamar-Taj") as a sole proprietorship. In 2021, Wong's business taxable income is $2,000,000 before considering any $179 deduction, and Wong purchases and places a business computer (a 5-year class property) in service for $2,500,000 on July 7th, 2021. Assume that Wong chooses (1) $179 deduction option, and (2) declining balance (DB) cost recovery method (the depreciation percentage for DB method is 20%). Determine Wong's cost recovery deduction for 2021
Wong's cost recovery deduction for 2021 using declining balance (DB) cost recovery method is $328,703 (rounded to the nearest dollar).
According to the given information, Wong's taxable income is $2,000,000 before any deduction. Wong purchases and places a business computer (a 5-year class property) in service for $2,500,000 on July 7th, 2021. Wong chooses the $179 deduction option. Wong chooses the declining balance (DB) cost recovery method. The depreciation percentage for the DB method is 20%.The $179 deduction is taken first, so the adjusted basis for the computer is $2,499,821 ($2,500,000 − $179). The computer is a 5-year class property, so the recovery period is 5 years.Using the declining balance (DB) method,
the depreciation rate for the computer in year 1 is 20% (double the straight-line rate of 10%). Thus, the first year's deduction is $499,964 ($2,499,821 × 20%).However, because the computer was placed in service on July 7, 2021, it is considered "placed in service" in the middle of the year, so the depreciation deduction for 2021 is only half of what it would have been if the computer had been placed in service on January 1, 2021.The mid-quarter convention applies, so the fraction used in the numerator of the fraction is 3/12. Thus, the cost recovery deduction for 2021 is $328,703 ($499,964 × 3/12).Therefore, Wong's cost recovery deduction for 2021 using declining balance (DB) cost recovery method is $328,703 (rounded to the nearest dollar).
To know more about declining balance visit:
https://brainly.com/question/30751480
#SPJ11
which financial statement is most closely associated with a personal checking account? a. Financial management
b. Auditing
c. Management accounting
d. Financial accounting
The correct answer is d. Financial accounting. Financial accounting is most closely associated with a personal checking account.
Financial accounting involves the recording, summarizing, and reporting of financial transactions and information for external parties, such as investors, creditors, and regulatory bodies.
A personal checking account falls under the scope of financial accounting as it involves recording and reporting financial transactions related to the account.
Financial statements associated with a personal checking account may include the balance sheet, which shows the assets (such as cash in the checking account) and liabilities, and the income statement, which reflects any income or expenses associated with the account.
Financial management, auditing, and management accounting are more focused on the overall financial management of an organization rather than specific personal checking accounts.
While these areas may indirectly impact personal financial decisions, they are not directly associated with a personal checking account in the same way financial accounting is. The correct answer is d.
To know more about accounting refer here:
https://brainly.com/question/29437263#
#SPJ11
Please refer to the following tax schedule. Taxable Income Tax Rate $ 0-50,000 15% 25% $ 50,001-75,000 $ 75,001-100,000 34% $100,001-335,000 39% If the Card Depot Inc. had $300,000 of taxable income last year selling greeting cards, what was the average tax rate? What was the marginal tax rate? a. AVERAGE TAX RATE= 39.0%, MARGINAL TAX RATE= 39% b. AVERAGE TAX RATE = 33.4%, MARGINAL TAX RATE= 39% c. AVERAGE TAX RATE= 33.4%, MARGINAL TAX RATE= 34% d. AVERAGE TAX RATE= 35.8%, MARGINAL TAX RATE = 34%
The average tax rate is a metric that depicts the typical percentage of income that is paid in taxes by an individual or corporation. It is computed by dividing the total tax paid for a certain time by the total income earned. The correct answer is option a.
Given Taxable Income Tax Rate $0-50,000 15% $50,001-75,000 25% $75,001-100,000 34% $100,001-335,000 39%. Card Depot Inc. had $300,000 of taxable income last year selling greeting cards.
Average Tax Rate = Total Tax Paid / Total Income.
To find the average tax rate, we need to find the total tax paid. For that, we need to split the income and apply tax rates as per the table.1. $50,000 * 0.15 = $7,5002. ($75,000 - $50,000) * 0.25 = $6,2503. ($100,000 - $75,000) * 0.34 = $8,5004. ($300,000 - $100,000) * 0.39 = $84,000Total Tax Paid = $7,500 + $6,250 + $8,500 + $84,000 = $106,250Average Tax Rate = $106,250 / $300,000 = 0.354 = 35.4%.
The marginal tax rate is the tax rate paid on the last dollar earned. As per the given table, the marginal tax rate for taxable income of $300,000 is 39%.
Therefore, the answer is option a. AVERAGE TAX RATE= 35.4%, MARGINAL TAX RATE= 39%.
To know more about the Average Tax Rate visit:
https://brainly.com/question/32228027
#SPJ11
I have a process in which parts are subjected to a pressure test. Each sampled part is subjected to 5 atmospheres of pressure for 10 seconds, and then examined for fractures. If there are none, the sampled part passes. If there are any fractures, the sampled part fails. The type of control chart needed to control this is:
A control chart is a graph that compares the performance of a process with pre-set limits. A control chart is utilized to monitor the quality of the manufacturing or production process in order to detect any faults. This graph, which is sometimes referred to as a Shewhart chart, can be used to detect errors and suggest improvements. A p-chart, on the other hand, is a type of control chart that is used when the sample size is constant and the defective or nonconforming items are counted.
A p-chart is appropriate for data in which the number of failures or defects is the main variable. As a result, a p-chart is the appropriate chart to control the process in which parts are subjected to a pressure test. This procedure entails examining each sampled part for fractures after being subjected to 5 atmospheres of pressure for 10 seconds, and then determining whether the sampled part passes or fails. If the sampled part does not fracture, it passes, but if it fractures, it fails.
Know more about control chart here:
https://brainly.com/question/32392066
#SPJ11