Renee Farm grows fruits and vegetables by using nutrient-enriched soil and chemically enhanced fertilizers. Its products are extremely popular among health-conscious individuals who believe that natural fruits and vegetables do not have an adequate amount of nutrients. Renee Farm's products are popular even though its market is very niche. In the context of industry-level strategy, Renee Farm is most likely using a(n)

Answers

Answer 1

Renee Farm is most likely using a focus strategy. As Renee Farm's products are popular even though its market is very niche.

What is focus strategy?

People can direct your marketing efforts toward a certain market or demographic by using a focus approach. Focus strategy is the process of developing, marketing, and selling products or services to a target market that may consist of a certain customer demographic, a specific product line, or a specific geographical area.

Pepsi provides a variety of products. Pepsi Black was created as a part of their concentrate strategy on clientele searching out healthier beverages.

Thus, it is a focus strategy.

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Related Questions

Price controls on rents are frequently implemented by governments in a
effort to protect renters from high housing prices. Differentiate the type of price control used from other
potential price controls, and then formulate reasons as to why governments should be careful when implementing these types of controts.

Answers

The types of Price control are Price Ceiling and Price Floor.

Price limits come in two varieties: price ceilings and price floors. As their names suggest, they do the reverse. A price ceiling limits the amount you must pay or charge for something—it establishes a maximum cost, preventing prices from going above a given level.Price limits might take the shape of floors or ceilings. A price floor, like a price ceiling, can be set by the government or, in some situations, by manufacturers themselves. Although federal or municipal authorities may identify exact values for the floors, they frequently work simply by entering the market and purchasing the goods, thereby raising its prices over a predetermined level.Price control is a mechanism used by the government to ensure that the price of an item or service in the marketplace does not get too high or low.

Thus this are the two types of Price Controls.

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Which of the following best describes the concept of "opportunity cost?"

A. Opportunity cost is what you give up when making your choice.
B. Opportunity cost is the amount of time it took for you to make the decision.
C. Opportunity cost is the cost of the item minus the sale price.
D. Opportunity cost is what you gain from making the choice.​

Answers

Answer:

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C. Opportunity cost is the cost of the item minus the sale price

The Labour Relations Act provides that every employee has the right not to be unfairly dismissed. Discuss this statement (Refer to section 185 of the LRA)​ (20)

Answers

The National Labor Relations Act ("NLRA"),

National labor relation act approved by Congress in 1935,made it plain that the United States' objective is to promote collective bargaining by upholding employees' complete freedom of organization. By giving workers in private-sector companies the fundamental right to demand better working conditions and choice of representation without fear of punishment, the NLRA safeguards workplace democracy. Section 1. Strikes and other forms of industrial conflict or unrest have the intention or necessary effect of impeding or obstructing commerce by (a) affecting the effectiveness, safety, or operation of the instruments of commerce; (b) occurring as a result of (a) the denial by some employers of the right of employees to organize and the refusal by some employers to accept the procedure of collective bargaining in the flow of commerce; (c) materially affecting, restricting, or controlling the flow of raw materials or manufactured or processed goods from or into the channels of commerce, or the prices of such materials or goods in commerce; or (d) causing a decline in employment and wages in a quantity that significantly affects or disrupts the market for goods flowing from or into the channels of commerce.

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Which of the Safe Harbor condtion(s) apply as an exemption to the Federal
Anti-Kickback regulations?

Answers

One of the acknowledged exceptions to the Anti-Kickback Statute is a discount or other price reduction received by a service provider or other entity under [Medicare or Medicaid] if the price reduction is properly disclosed and appropriately reflected in the costs claimed or charges made by the provider or entity.

What is Safe Harbor condtions?A safe harbor is a well-known exception to the Anti-Kickback Statute in the healthcare industry. While the Anti-Kickback Statute generally forbids financial ties between referral sources and business partners, safe harbors provide ways to legally structure the exchange of compensation. Since 1991, the U.S. Department of Health and Human Services' Office of Inspector General (OIG) has periodically published safe harbor regulations (HHS).Compliance with the safe harbor provisions shields individuals from federal civil and criminal lawsuits, fines, and possible removal from Medicare, Medicaid, and other federally supported health programs.An agreement that violates the Anti-Kickback Statute and is not exempt from prosecution may result in a criminal investigation very fast.

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If price elasticity of demand is -0.3 and price decreases by 1 percent, quantity demanded will [(Click to select) by (Click to select)

Answers

The degree of responsiveness of the change in the amount required of the good owing to the change in the good's price is measured by the elasticity of demand.

Demand has increased by 6% in terms of volume.

es= ΔQ÷ΔP×P÷Q

Let initial demand and price be 100%.

Given that the demand elasticity is 0.3

0.3 = ΔQ÷20%×100%÷100%

ΔQ = 0.3×20%×1%

ΔQ = 6%

What does demand elasticity mean?

The degree to which demand reacts to a change in an economic component is known as elasticity of demand. The most prevalent economic component considered when calculating elasticity is price. Income level and the accessibility of substitutes are further considerations. Elasticity gauges how demand changes in response to shifting economic conditions.

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Full Question -  If the price elasticity of demand for a good is 0.3, then a 20% decrease in price results in a:

a. 6% increase in the quantity demanded.

b. 66% increase in the quantity demanded.

c. 0.6% increase in the quantity demanded.

d. 0.015% increase in the quantity demanded.

Suppose that a week after Vollmer gave Lang the funds, she sent him an e-mail containing the terms of their loan agreement with her named typed at the bottom. Lang did not respond to the e-mail. Is this sufficient as a writing under the Statute of Frauds?

Answers

According to the Statute of Fraud, parties entering into a legal agreement must put their agreement in writing. This is one of the fundamental elements of a legal agreement.

Additionally, it needs to be properly signed by both parties to the agreement, or at the very least, legal agreement needs the signature of the person paying for the products or services.

First off, in this situation Vollmer didn't write down the terms and conditions on paper; instead, she sent a message via email, which the legal agreement could not sign and approve. In the end, since the receiving party cannot sign it, the contract is invalid under the Statute of Fraud. Since Lang is being released from the financial obligation, his signature is crucial in this situation.

Thus, a written agreement is not legally binding.

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On January 1, Year 2, LCJ Rental Cars purchased a car that is to be used to produce rental income. The car cost $35,000. It has an expected useful life of five years and a $5,000 salvage value. The car produced rental income of $9,000 per year throughout its useful life. Assume LCJ started the Year 2 accounting period with a beginning cash balance of $40,000.
Required:

a-1. Prepare an income statement and a statement of cash flows for Year 2.

a-2. Prepare an income statement and a statement of cash flows for Year 3.

a-3. Prepare an income statement and a statement of cash flows for Year 4.

b. Determine the book value of the car for Year 2, Year 3, and Year 4.

Answers

Answer:

On January 1, Year 2, LCJ Rental Cars purchased a car that is to be used to produce rental income. The car cost $35,000. It has an expected useful life of five years and a $5,000 salvage value. The car produced rental income of $9,000 per year throughout its useful life. Assume LCJ started the Year 2 accounting period with a beginning cash balance of $40,000.

Required:

a-1. Prepare an income statement and a statement of cash flows for Year 2.

a-2. Prepare an income statement and a statement of cash flows for Year 3.

a-3. Prepare an income statement and a statement of cash flows for Year 4.

b. Determine the book value of the car for Year 2, Year 3, and Year 4.

describe the relationship among an organization's purpose, mission, and top management team and how this relationship affects its human resource practices

Answers

The relationship is dynamic, and human resource management techniques aid in the strategic management of both people and resources.

Despite being just a single word, the concept of an organization is important. It is a complicated system made up of numerous people and their ideas, all of which have an impact on the system's goal, mission, and top management group.

The strength or engine of an organization are the people who founded it. A productive workforce is the most essential component of a successful organization, and human resource managers are in charge of it.

This demands that individuals be viewed as resources rather than as costs to the organization. Like any other asset, a skilled team may be carefully used to raise a company's worth.

The human resources management team offers guidance to the management team on how to efficiently manage people as corporate resources.

Finding and hiring individuals with the necessary skill sets to help the company reach its present and long-term objectives, managing employee benefits, and suggesting development programs are all part of this.

HR experts serve as consultants rather than workers in a specific business function, giving management advice on a range of matters relating to personnel and how they help the company achieve its objectives.

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BE3.7 (LO 2), AN Helen is looking at the partial information left behind by her former supervisor, Lyle. She knows he used the high-low method to estimate the cost function because she sees his cryptic “H-L” scribbled on the page. She sees that the high point related to 35 units at a total cost of $328. She also finds the total fixed cost estimate of $97. She can’t find the low point written anywhere, and she needs the variable cost in order to estimate next month’s costs. Help Helen determine the variable cost per unit and then predict next month’s costs if 33 units are made.

Answers

1. The variable cost per unit is $6.60.

2. Next month's costs if 33 units are made will be as follows:

Fixed costs = $97Variable costs = $217.80Total costs = $314.80

What is the high-low method?

The high-low method is a cost accounting technique to separate the total fixed costs from the variable costs.

Using the high-low method, the fixed costs are separated from the total costs to determine the variable costs (in total and per unit).

Data and Calculations:

Total production units = 35

Total costs = $328

Estimated total fixed costs = $97

Total variable costs = total costs - fixed costs

= $231 ($328 - $97)

Unit cost per unit = $6.60 ($231/35)

Next month's Costs at 33 units:

Fixed costs = $97

Variable costs = $217.80 ($6.60 x 33)

Total costs = $314.80

Thus, the variable cost per unit is $6.60, while the total costs for next month will be $314.80, using the high-low costing method.

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In what ways does Tesla address the interests of its stakeholders through its corporate social responsibility strategy? What ethical issues has Tesla faced? What ethical issues is Tesla likely to face in the future? What environmental issues do Tesla products work to address?

Answers

Tesla serves the interests of its stakeholders through its corporate social responsibility strategy by demonstrating through its products such as electric cars, its responsibility towards sustainability and reduction of fossil fuels in the atmosphere, these being the environmental issues in which Tesla Tesla is focused.

Regarding the ethical problems that Tesla has faced and will face in the future, it will possibly be in respect of its other processes, as if its sustainability strategy was just a form of green marketing, as the company faced problems with fraud, environmental issues and cool.

What is Corporate Social Responsibility?

It is the set of actions developed by a company to promote the development of a place through investments in socio-environmental programs and actions.

Therefore, CSR aims to exceed the socio-environmental measures complied with by law, but rather to create positive value for stakeholders through its processes that transform it into an active agent of society's development.

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Mark has a weekly income of $40, which he plans to spend on coffee and subway
tickets. If the price of a cup of coffee is $4 and the price of a subway ticket is $2,
what is the opportunity cost of a cup of coffee (in terms of subway tickets)?

Answers

The opportunity cost of a cup of coffee is  $4.

weekly income = $40

The price of a cup of coffee = $4

The price of a subway ticket is $2

Theopportunity cost of particular interest is the cost or advantage given up via carrying out that activity, relative to conducting an alternative pastime. more truly, it approaches if you chose one activity (for example, the funding you're giving up the possibility to do a one-of-a-kind alternative. The most reliable interest is the one that, net of its possible cost, provides a greater return compared to every other sport.

As a representation opportunity cost of the relationship between shortage and preference, the objective of possible value is to ensure the efficient use of scarce sources. It includes all related charges of a choice, both explicit and implicit. opportunity cost additionally includes the utility or monetary gain a character misplaced, if it's miles indeed more than the eco geo or actions taken

Hence, The opportunity cost of a cup of coffee is  $4.

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A meeting agenda should include the date and place of the meeting, start and end times, a brief description of each topic with its time allotment for each topic

Answers

Specify the ground rules. As the host of her first official business meeting, Antonia wants to conduct herself appropriately.

A virtual team is a collection of individuals who use technology to communicate and cooperate while working together toward a common goal across organizational, temporal, and spatial boundaries. Clear action items, an objective account of the business meeting, and all pertinent details including attendees, date, time, and place should be included in meeting minutes. The size of the group is typically too large when working in small groups. According to the research, the ideal group size is three or four—no more than five. Group members should give their entire attention to the arguments put forward by members who disagree with one another.

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A statement of cash flows classifies cash receipts and cash payments into what 3 categories of activity? For each category of activity, share 2 specific examples of both cash receipts and cash payments based on 2 different business scenarios of your choosing. The business scenarios you choose can be based on real or fictional companies. For example, if you chose Uber and the fictional MarksABunch Art Supplies company, you would share 6 examples of cash receipts and cash payments per company, each broken out into one of the 3 different categories of activity presented in a statement of cash flows.

Answers

Indeed, a statement of cash flows classifies cash receipts and payments into three categories of Operating, Investing, and Financing activities.

What are the three categories of activity?

The three categories of activity into which the statement of cash flows is divided are:

Operating ActivityInvesting ActivityFinancing Activity.

Some of the cash receipts and payments under these three categories are:

Operating Activities: Receipt of cash from customersPayments for materials from suppliers and vendorsCost of delivering raw materials and finished goodsPaying employees and managersPaying income taxesPayments or receipts of rent.

Financing Activities:Receiving cash from debtholdersRepaying long-term debtsPaying interestCash receipts from stock issuancePaying dividends to stockholders.

Investing Activities:Receipts from investment loansPayments for investment loansReceipt from the sale of assetsReceipt from the sale of marketable securitiesPayment for the purchase of assetsPayment for the purchase of marketable securities.

Thus, the operating activities differ from the financing and investing activities because the latter are not the organization's core activities.

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Bus101 Chapter 5-6 critical thinking questions

Answers

Critical thinking questions:

What characteristics made Vic Ahmed a successful entrepreneur?

How did Ahmed and Steven Case’s partnership and shared vision of “Rise of the Rest” serve their business goals?

Is focusing on smaller cities rather than areas like silicon valley a good strategy, why?

The process of actively and successfully conceiving, applying, analyzing, synthesizing, and/or evaluating knowledge as a basis for belief and action is known as critical thinking. It requires intellectual discipline.

Any topic, piece of content, or issue can be thought about using the critical thinking method, which involves expertly analyzing, evaluating, and reconstructing one's own ideas. Self-directed, self-disciplined, self-monitored, and self-corrective thinking are all characteristics of critical thinking.

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You are an American Red Cross Disaster Program Specialist in charge of teams trained to help in sheltering displaced persons. You have been notified by your office to be prepared to deploy to conduct shelter operations. Your supervisor has asked you to come to the office to begin organizing volunteers and get prepared to set up shelters, if tasked. You check in before you begin.

What NIMS Management Characteristic are you supporting?

Answers

Answer:

Chain of command and unity of command Accountability.

Y Dell
You are the training director for tellers at a large local bank. As part of a new training program you are developing, you have given your trainees this "sample" check regis
the balances are incorrect.
Check
Number
1208
PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR ACCOUNT.
Date
4/7
4/14
4/16
4/17
4/21
Need Help? Road It
Description of Transaction
To: Deposit
For:
To: Mario's Market Debit Card
For:
To: ATM Withdrawal
For:
To: Bargain Properties
For:
To: Electronic Payroll Deposit
For:
Amount of
payment or
withdrawal (-)
47 65
135 00
870 00
Amount of
Deposit or
interest (+)
766 80
1,350 00
Balance Forward
Bal. 1,245 10
Bal. 1,197 45
Bal.
Bal.
478 30
Bal.
1,097 45
182 45
1.532 45
You instruct your trainees to find and correct the errors in the balances. If your trainees do so, what should the corrected final balance be (in $)?

Answers

Y Dell

You are the training director for tellers at a large local bank. As part of a new training program you are developing, you have given your trainees this "sample" check regis

the balances are incorrect.

Check

Number

1208

PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR ACCOUNT.

Date

4/7

4/14

4/16

4/17

4/21

Need Help? Road It

Description of Transaction

To: Deposit

For:

To: Mario's Market Debit Card

For:

To: ATM Withdrawal

For:

To: Bargain Properties

For:

To: Electronic Payroll Deposit

For:

Amount of

payment or

withdrawal (-)

47 65

135 00

870 00

Amount of

Deposit or

interest (+)

766 80

1,350 00

Balance Forward

Bal. 1,245 10

Bal. 1,197 45

Bal.

Bal.

478 30

Bal.

1,097 45

182 45

1.532 45

You instruct your trainees to find and correct the errors in the balances. If your trainees do so, what should the corrected final balance be (in $)?

Outline the initiative that Woolworths , use to lessen their impact on environment

Answers

Woolworths understands that it can have a positive impact on the retail supply chain to make it more sustainable and reduce its carbon footprint. Woolworths' Sustainability Strategy 2007-2015 established a number of targets and commitments for the company to improve its sustainability and reduce its environmental impact by 2015.

Woolworths has launched a number of initiatives and joined a number of programs that promote and aim to have a low environmental impact. Woolworths retail businesses have signed the Kyoto Protocol, an international agreement established by the Framework Convention on Climate Change. The can be defined as an organization that is seen to be using various techniques to reduce their impact on the environment. This initiative helps to make the world a greener place by reducing emissions that are harmful to people's and animals' health. Woolworths uses the following initiatives to reduce its environmental impact: growing greener by lowering emissions, reducing plastic, and sourcing responsibly.

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Which example demonstrates a floating exchange rate?

Answers

The example demonstrates a floating exchange rate: Short-term moves in a floating exchange rate currency reflect speculation, rumors, disasters, and everyday supply and demand for the currency.

In a floating regime, exchange rates are generally determined by the market forces of supply and demand for foreign exchange. For many years, floating exchange rates have been the regime used by the world's major currencies – that is, the US dollar, the euro area's euro, the Japanese yen and the UK pound sterling.

Exchange rates are determined by factors, such as interest rates, confidence, the current account on balance of payments, economic growth and relative inflation rates.When an exchange rate changes, the value of one currency will go up while the value of the other currency will go down. When the value of a currency increases, it is said to have appreciated. On the other hand, when the value of a currency decreases, its value decreases.

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Assessment question #8
Which statement would be appropriate when performing testing over a deferred (temporary difference) balance?
Answer the question, then select Confirm
A. The deferred balance related to the bad debt provision agrees directly to the trial balance, so no further testing would be deemed
necessary.
B. The deferred balance related to accrued salaries and wages agree directly to the trial balance, so no further testing would be
deemed necessary.
C. The deferred balance related to depreciation agrees directly to the trial balance, so not further testing would be deemed
necessary.
D. The deferred balance related to goodwill agrees directly to the trial balance, so no further testing is deemed necessary.
Confirm

Answers

The statement that would be appropriate when performing testing over a deferred or the temporary difference balance will be C. The deferred balance related to depreciation agrees directly to the trial balance, so not further testing would be deemed necessary.

What is a deferred balance?

The whole amount of the income statement effect is represented by the deferred tax balance on the balance sheet. In the temporary difference approach, the difference between the tax base and asset's accounting carrying value is used to determine the deferred tax balance.

By contrasting the carrying value of an asset or liability with its tax base, the temporary difference arising in respect of that asset or liability is determined. Temporary discrepancies that are taxable result in deferred tax liabilities

In this case, when performing testing over a deferred or the temporary difference balance will be that the deferred balance related to depreciation agrees directly to the trial balance, so not further testing would be deemed necessary.

In conclusion, the correct option is C.

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How do you differentiate a letter from a memo?

Answers

Answer:

memo refers to a short message, written in a informal tone for interoffice circulation of the information. letter are a verbal communication , that contains a compressed message, conveyed to the party external to the business, departments, units or superior-subordinate within the organization.

321 ASSIGNMENT 1: Individual Assignment. Discuss the contribution of transportation to the development of the developing countries at a global level with specific focus on the South African economy. {100} In essay format​

Answers

In emerging countries, transportation is extremely important. The world's richest and most powerful nations have effective transportation infrastructure. Maciulis (2009) cited as an example:

Increasing reliability, improving service quality, and increasing transport capacity are the goals of investments in transportation infrastructure. As a result, transportation expenses were reduced, and transit times were shortened. Additionally, a stronger transportation infrastructure is a must for business growth. Summarizing the previously discussed concepts, we now have increased productivity and competitiveness, which are the foundation of economic growth.

As human needs change, so do transportation facilities. Today, people, food, and finished goods may all be transported using a variety of modes of transportation, including the car, bus, truck, subway, train, ship, and airplane. Transportation has a lot of advantages, but it also has some drawbacks. According to Litman (2012), greenhouse gases from automobiles are responsible for some consequences on human health and the environment, such as climate change.

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Question 12
In the context of international trade restrictions, governments tend to use protective
are crucial to the domestic economy.
export duties
quorums
tariffs
voluntary export restraints

Answers

In the context of international trade restrictions, governments tend to use protective are crucial to the domestic economy: tariffs

A government is the device or institution of people governing a prepared community, normally a state A gadget of government distributes strength amongst exclusive parts and stages of the state. Political scientists examine the makes use of energy, inclusive of how energy is shipped inside a kingdom. the quantity of power held with the aid of the vital authorities determines the system of the presidency a nation has.

Government is the gadget or institution of human beings governing an organized community, commonly a kingdom. in the case of its wide associative definition, authorities usually consist of legislature, govt, and judiciary. a government is an institution or a device made of a set of human beings that takes care of or manages a country or a country. every government has its own charter or a hard and fast of fundamental standards that it follows to make sure effective governance.

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Corporate strategies are increasingly focused on environment social and governance practices with the regulators looking to adopt new standards. Please comment on how businesses can take responsibility of their ESG practices and how these factors will impact their obligations and behaviours to drive a sustainable business

Answers

Company strategies are increasingly centered on environmental social and governance practices with the regulators looking to adopt new standards: statement on Environmental, Social, and Governance Disclosures for investment Advisers and investment agencies Commissioner Hester M.

While absolutely defined, a company strategy will paint to set up the overall price of a business, set strategic dreams, and motivate personnel to gain them. it's far a non-stop system that should be carefully tailored to respond as it should be to converting conditions inside the marketplace.

Kinds of Company strategies – four foremost kinds: stability strategy, enlargement strategy, Retrenchment strategy, and a combination strategy. The corporate level prevalent strategies pertain to figuring out the businesses the business enterprise shall be engaged in. primary duties: corporate strategists or “enterprise strategists” examine cutting-edge commercial enterprise techniques and expand and put into effect new techniques to improve upon contemporary consequences and/or to fulfill new desires.

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When does voir dire occur during the civil courts process?
OA. When the appellant decides to appeal
OB. When the trier of fact makes a decision
OC. When the jury is being selected
O D. When the parties collect evidence

Answers

Option (C). When the jury is being selected.

Voir dire occur during the civil courts process when the jury is being selected.

Voir dire could be a legal phrase for a range of procedures connected with jury trials. It originally named an oath taken by jurors to inform the reality. This term is additionally used informally to explain the practice of jury selection in certain jurisdictions.

When a jury is required for an effort, the group of qualified jurors is taken to the courtroom where the trial will happen. The judge and also the attorneys then ask the potential jurors inquiries to determine their suitability to serve on the jury, a process called voir dire.

Voir dire, in law, process of questioning by which members of a jury are selected from an outsized panel, or venire, of prospective jurors.

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Answer:C

Explanation:

With regard to participative (or democratic) leadership, identify & describe a work situation in which this management style may not be the most effective alternative for success.

Answers

Whenever a situation that need a quick decision making such as one made by a situational leader, this is an example of the aspect of participative /democratic leadership that may not be the most effective alternative for success.

What is a democratic leadership?

In an organization, the Democratic leadership style is the type of leadership that redistributes power and authority between managers and their employees to promote employee involvement in organizational decision-making processes.

Most time, this democratic leadership style in an organization involves the redistribution of power and authority between employees and managers to provide employee involvement in decision making.

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Which of the following is an important consideration in setting up the proper environment to complete tasks on time limited distractions free from distractions a cluttered workspace working whenever time allows

Answers

Limited Distractions is is an important consideration in setting up the proper environment to complete tasks on time.

The Response is option A

For leaders, directors, managers, and coaches, time management is a need. A sound strategy, defined goals, methods and tactics to achieve those goals, together with productivity, are required of persons in top positions in organisations.

To do this, they must set priorities, pay attention to the work at hand, create an atmosphere that is suitable for the tasks that must be done, and remove distractions in order to cultivate the necessary habits that lead to productivity.

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Correct Question - Which of the following is an important consideration in setting up the proper environment to complete tasks on time?

A- limited distractions

B-free from distractions

C- a cluttered work space

D-working whenever time allows

state 2 sources of income from sales for a pizzeria

Answers

Two sources of income from sales for pizzerias include:

Sales of pizzas and other pastries Sales of drinks and refreshments

How do pizzerias make money?

Pizzerias as the term implies, are places that make and sell pizzas. This means that their chief source of income from sales would be the sale of pizzas. They also make sales of other pastries such as calzones and bread on occasion.

Pizzerias also sell drinks and liquid refreshments for customers to consume when eating the pizzas so this is another source of income from sales for pizzerias.

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The Haines Corporation shows the following financial data for 20X1 and 20X2:
20X1 20X2
Sales $ 3,480,000 $ 3,140,000
Cost of goods sold 2,530,000 2,260,000
Gross profit $ 950,000 $ 880,000
Selling & administrative expense 255,000 261,000
Operating profit $ 695,000 $ 619,000
Interest expense 44,800 49,700
Income before taxes $ 650,200 $ 569,300
Taxes (35%) 227,570 199,255
Income after taxes $ 422,630 $ 370,045
For each year, compute the following ratios and indicate how the change in each ratio will affect profitability in 20X2.
Note: Input your answers as a percent rounded to 2 decimal places.
20X1 20X2 Profitability
a. Cost of goods sold to sales % %
b. Selling and administrative expense to sales % %
c. Interest expense to sales % %

Answers

Based on the financial data for Haines Corporation in  20X1 and 20X2, the ratios given of cost of goods sold and selling and administrative expenses are:          

                                                                                    20X1            20X2

Cost of goods sold to sales                             72.70%          71.97%Selling and administrative expense to sales   7.33%             8.31% Interest expense to sales                                  1.29%           1.58%

How to calculate ratios to sales?

20X1

To find the Cost of goods sold to sales, the formula is:

= Cost of goods sold to sales / Sales

= 2,530,000 / 3,480,000

= 72.70%

The Selling and administrative expense to sales:

= 255,000 / 3,480,000

= 7.33%

Interest expense to sales:

= 44,800 / 3,480,000

= 1.29%

20X2:

Cost of goods sold to sales:

= 2,260,000 / 3,140,000

= 71.97%

The Selling and administrative expense to sales:

= 261,000 / 3,140,000

= 8.31%

Interest expense to sales:

= 49,700 /  3,140,000

= 1.58%

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critically explain the difference between global objectives and national objectives in business with examples

Answers

Every company must aim to achieve national aims and goals. By increasing its operations, business can achieve an objective purpose of reducing global inequities between rich and poor nations.

With examples, critically describe the distinction between global and national corporate objectives. Business's global objectives - By extending its operations, business should contribute to the reduction of inequities between wealthy and developing nations. Businesses should produce goods and services that are highly sought-after in international marketplaces and are globally competitive.Business's national objectives- Every company must aim to achieve societal aims and goals. Create possibilities for people to work in lucrative positions. Give everyone the same opportunities. Produce and supply items in conformity with the government's goals and policies' established priority.What is a business goal?

Business objectives are a formal statement of your aspirations as an organization. Business goals typically focus on the key operational elements that contribute to a company's success, such as revenue, operations, productivity, and growth.

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According to experts, what percentage of your income should you budget for
essential expenses?
O A. About 90 percent
OB. About 40 percent
O C. About 50 percent
O D. About 20 percent
SUBMIT

Answers

50% is the correct answer

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