When a consultant prepared marketing dashboards showing sales data for different household types over a four-year period for Tony's pizza, this was which step of the marketing research approach?

Answers

Answer 1
Answer:

Answer:

The correct answer is: Develop findings.

Explanation:

The Marketing Research Approach is a study carried out to contribute to the decision-making of a company mainly over the introduction of a new product. The approach has five (5) steps: define the problem, develop findings, collect relevant data and information, analyze the information, and take action.

After recognizing what the problem is and clearly know what the study will focus on, the next step implies developing findings. At this stage, different kind of information is collected and studied to determine if they would be useful for the research or at least provide an idea of what is happening related to the issue that causes the research.


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Using the following information, prepare a bank reconciliation for Blossom Company for July 31, 2022.a. The bank statement balance is $3,510.
b. The cash account balance is $4,050.
c. Outstanding checks totaled $1,240.
d. Deposits in transit are $1,690.
e. The bank service charge is $81.
f. A check for $76 for supplies was recorded as $67 in the ledger.

Answers

Answer and Explanation:

The preparation of the bank reconciliation statement is shown below:

Cash balance as per bank            $3,510

Add: Deposits in transit                $1,690

Less: Outstanding checks            -$1240

Adjusted bank balance                 $3,960

Cash balance as per books          $4,050

Less: Bank service charge           -$81  

Less:  Check for supplies error     -$9 ($76 - $67)

Adjusted cash balance                  $3,960

Therefore both the balances are matched

Final answer:

A bank reconciliation ensures agreement between a company's financial records and the bank's records. For Blossom Company, the reconciled balance for July 31, 2022, is $3,960, after taking into account outstanding checks, deposits in transit, bank fees, and a check discrepancy.

Explanation:

A bank reconciliation is a process that ensures a company's financial records are accurate and in agreement with the bank's records. For Blossom Company, let's start with both the bank statement balance and the cash account balance.

  1. The bank statement balance is $3,510
  2. The company's cash account balance is $4,050

 

Next, we consider the outstanding checks and the deposits in transit. These are transactions that the company recognizes, but the bank has not yet processed. The outstanding checks total $1,240 and the deposits in transit add up to $1,690. We need to subtract the checks from the bank's balance and add the deposits to the bank's balance:

New bank balance = $3,510 - $1,240 (outstanding checks) + $1,690 (deposits in transit) = $3,960

Next, we take into consideration the bank's service charges and any errors in the check record. The bank's service charge is $81, and a check recorded as $67 in the ledger should have been recorded as $76.

New cash account balance = $4,050 - $81 (bank service charge) - $9 (check discrepancy) = $3,960.

From our calculation, both the bank and cash balances match, so the bank reconciliation for July 31, 2022, for Blossom Company is complete, and the reconciled balance is $3,960.

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Amy sets herself a goal and says. "I'd like to lose 10 pounds." Which of the following criteria of the SMART system is missing in Amy's goal?a. Specificity
b. time frame
c. measurability
d. realism

Answers

Answer:

Letter b is correct. Time frame.

Explanation:

The SMART system is defined as an aid tool for achieving goals. It is a tool that can be used both by an individual and in corporations.

In order to achieve a goal, it is necessary to have the ideal planning of the set of actions that will contribute to the achievement.

Therefore, each letter of the word SMART corresponds to a meaning relevant to the effective implementation and achievement of a goal

S: specific. When drawing up a goal you must be direct and specific.

M: Measurable. To achieve goals, it is necessary to use a tangible indicator that assists the measurement.

A: Achievable. A goal must be planned according to the real possibility of being achieved.

R: Relevant. Goals must be relevant and create positive results for a person or organization.

T: Time. It is necessary to determine a time for the goal to be achieved.  In the question above, Amy lacked the planning for the deadline for achieving the goal, because without it there are great chances that the goal will not be taken seriously and not met.

One year ago, you purchased 200 shares of Southern Foods common stock for $7900. Today, you sold your shares for $35.40 a share. During this past year, the stock paid $1.25 in dividends per share. What is your percent return on this investment

Answers

Answer:

Return on investment = -0.07215 or -7.215%

Explanation:

The rate of return or percent return on the investment can be calculated by deducting the initial cost of the investment from the current value of the investment and dividing it by the initial cost.

The return provided by the investment can be calculated by adding the returns provided in form of dividend and capital gains both. Thus, the return can be calculated as follows,

Total dividend = 1.25 * 200 = $250

Total selling value = 35.4 * 200 = $7080

Total value = 250 + 7080 = $7330

Return on investment = (7330 - 7900) / 7900  =  -0.07215 or -7.215%

The Packaging Department started the month with 900 units in​ process, received 1 comma 600 units from the Finishing​ Department, and transferred 1 comma 900 units to Finished Goods. Direct materials are added at the beginning of the process and conversion costs are incurred evenly. The units still in process at the end of the month are 55​% complete for conversion costs. Calculate the number of units still in process at the end of the month and the equivalent units of production. The company uses the​ weighted-average method. Production Cost Report - Packaging Department

Answers

Answer:

ending WIP physical units: 600

Equivalent units: 495

Explanation:

physical units:

We will add up the beginning units and the transferred-in.

Then we subtract the transefrred-out

beginning            900

received             1,600

total units during the period: 2,500

transferred out: (1,900)

ending:                600

To know the equivalent untis we multiply by their porcentage of completion:

900 x 55% = 495 units

Alpha Communications, Inc., which produces telecommunications equipment in the United States, has a very strong local market for its circuit board. The variable production cost is $130, and the company can sell its entire supply domestically for $170. The U.S. tax rate is 40 percent. Alternatively, Alpha can ship the circuit board to its division in Germany, to be used in a product that the German division will distribute throughout Europe. Information about the German product and the division’s operating environment follows.Selling price of final product: $360
Shipping fees to import circuit board: $20
Labor, overhead, and additional material costs of final product: $115
Import duties levied on circuit board (to be paid by the German division): 10% of transfer price
German tax rate: 60%

Assume that U.S. and German tax authorities allow a transfer price for the circuit board set at either U.S. variable manufacturing cost or the U.S. market price. Alpha’s management is in the process of exploring which transfer price is better for the firm as a whole.

Required:
1. Compute overall company profitability per unit if all units are transferred and U.S. variable manufacturing cost is used as the transfer price. Show separate calculations for the U.S. operation and the German division.
2. Repeat requirement (1). assuming the use of the U.S. market price as the transfer price. Which of the two transfer prices is better for the firm?
3. Assume that the German division can obtain the circuit board in Germany for $155.

a. If you were the head of the German division, would you rather do business with your U.S. division or buy the circuit board locally? Why?
b. Rather than proceed with the transfer, is it in the best interest of Alpha to sell its goods domestically and allow the German division to acquire the circuit board in Germany? Why? Show computations to support your answer.

Answers

Answer:

1-If the transfer price is set equal to the U.S. variable manufacturing cost, Alpha Communications will have a profit of $32.80 per circuit board with US Share as $0 and German Share as $32.80.

2-If the transfer price is set equal to the U.S. market price, Alpha Communications will have a profit of $39.20 per circuit board with US Share as $24 and German Share as $15.20. The transfer price as US market price is more effective for the Alpha Communications.

3:a-If the German division can obtain the boards in Germany for 155, it is better for the German division because due to lack of additional shipping fee and import duty, this price is more feasible for the German division.

3:b- If the company decide to sell the US circuit boards locally and allow German division to obtain the circuit boards in Germany, then Alpha Communication will have a profit of $60 per circuit board with US Share as $24 and German Share as $36.

Explanation:

1-If the transfer price is set equal to the U.S. variable manufacturing cost, Alpha Communications will have a profit of $32.80 per circuit board. The calculations are as follows:

US Operation:

Sales Revenue(Price set to variable manufacturing cost): $130

Variable Manufacturing Cost:                                              : ($130)

_________________________________________________

Contribution Margin                                                            : $ 0

German Operation:

Selling Price:                                                                         $360

Transfer Price:                                                                      ($130)

Additional Cost:                                                                    ($115)

Shippng Cost:                                                                       ($20)

Import Duty (10% of Transfer Price): 10% x 130=0.1x130=    ($13)

_________________________________________________

Income Before Tax:                                                             $82

Income Tax (60% of Income Before Tax):60%x82           ($49.20)

___________________________________________________

Income After Tax                                                                 $32.80

2-If the transfer price is set equal to the U.S. market price, Alpha Communications will have a profit of $39.20 per circuit board. The transfer price as US market price is more effective for the Alpha Communications. The calculations are as follows:

US Operation:

Sales Revenue(Price set to variable manufacturing cost): $170

Variable Manufacturing Cost:                                              : ($130)

_________________________________________________

Income Before Tax                                                                : $ 40

Income Tax (40% of Income Before Tax):40%x40              :($16)

_________________________________________________

Income After Tax:                                                                   : $24

German Operation:

Selling Price:                                                                         $360

Transfer Fee:                                                                        ($170)

Additional Cost:                                                                    ($115)

Shippng Cost:                                                                       ($20)

Import Duty (10% of Transfer Price): 10% x 170=0.1x170=    ($17)

_________________________________________________

Income Before Tax:                                                             $38

Income Tax (60% of Income Before Tax):60%x38           ($22.80)

___________________________________________________

Income After Tax                                                                 $15.20

Total Income By Alpha Communication: $24+$15.20=$39.20

3-a: If the German division can obtain the boards in Germany for 155, it is better for the German division because due to lack of additional shipping fee and import duty, this price is more feasible for the German division.

At the lower tranfer price of 130, the total impact of transfer is given by

Transfer Price:                                                                       $130

Shippng Cost:                                                                        $20

Import Duty (10% of Transfer Price): 10% x 130=0.1x130=    $13

___________________________________________________

Total Impact                                                                          $163

It is more than the local available price, Thus the company should purchase their circuit board locally.

3-b If the company decide to sell the US circuit boards locally and allow German division to obtain the circuit boards in Germany, then Alpha Communication will have a profit of $60 per circuit board.

US Operation:

Sales Revenue(Price set to variable manufacturing cost): $170

Variable Manufacturing Cost:                                              : ($130)

_________________________________________________

Income Before Tax                                                                : $ 40

Income Tax (40% of Income Before Tax):40%x40              :($16)

_________________________________________________

Income After Tax:                                                                   : $24

German Operation:

Selling Price:                                                                         $360

Local Circuit Board Price                                                     ($155)

Additional Cost:                                                                    ($115)

_________________________________________________

Income Before Tax:                                                             $90

Income Tax (60% of Income Before Tax):60%x38           ($54)

___________________________________________________

Income After Tax                                                                 $36

Total Income By Alpha Communication: $24+$36=$60.0

Final answer:

To calculate overall company profitability, we compare two scenarios: using U.S. variable manufacturing cost or U.S. market price as the transfer price. Using U.S. variable manufacturing cost as the transfer price results in higher profitability. If the German division can obtain the circuit board in Germany for $155, it would be more advantageous to buy locally and sell domestically.

Explanation:

To calculate the overall company profitability per unit, we need to consider two scenarios: using the U.S. variable manufacturing cost as the transfer price and using the U.S. market price as the transfer price.

  1. Scenario 1: U.S. variable manufacturing cost as transfer price: The U.S. operation would sell the circuit board to the German division for $130, while the German division would sell the final product for $360. The German division would incur additional costs, such as shipping fees, labor and overhead, and import duties. After accounting for these costs and taxes, the overall profitability per unit for the company would be $14.40.
  2. Scenario 2: U.S. market price as transfer price: The U.S. operation would sell the circuit board to the German division for $170, while the German division would sell the final product for $360. Again, the German division would incur additional costs and taxes. After accounting for these costs and taxes, the overall profitability per unit for the company would be $13.50.

In this case, using the U.S. variable manufacturing cost as the transfer price results in higher profitability for the company. However, it's important to consider other factors, such as the business relationship between the U.S. and German divisions and the potential benefits of local sourcing.

If the German division can obtain the circuit board in Germany for $155, it would be more advantageous for the head of the German division to buy the circuit board locally instead of doing business with the U.S. division. This is because the local sourcing option is cheaper and eliminates the need for import duties, resulting in higher profitability for the German division.

Rather than proceeding with the transfer, it would be in the best interest of Alpha to sell its goods domestically and allow the German division to acquire the circuit board in Germany. This is because selling domestically avoids the additional costs and taxes associated with the transfer, while the German division can source the circuit board locally at a lower cost.

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On December 31, 2021, Larry's Used Cars had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $70,000 and $1,250, respectively. During 2022, Larry's wrote off $2,675 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $5,650 at December 31, 2022. Bad debt expense for 2022 would be:

Answers

Answer:

December 31, 2022 Bad debts $ 2975

Explanation:

On December 31, 2021,  Accounts Receivable  $70,000

Allowance for Uncollectible Accounts $1,250

During 2022, Bad Debts  $2,675

Allowance for Uncollectible Accounts  $5,650 at December 31, 2022

Bad debt expense for 2022 would be

December 31, 2021

Allowance for Uncollectible Accounts $1,250

During 2022, Bad Debts  $2,675

Required Adjustment $ 1425

December 31, 2022 Bad debts $ 2975

Allowance for Uncollectible Accounts  $5,650 adjusted Balance

Allowance for Uncollectible Accounts Written Off  $2,675

Required Adjustment  $ 2975

Answer:

$7,075

Explanation:

Bad debt expense occur when the account receivables are no longer collectible due to inability to fulfill financial obligations by the customers in which it must be recorded and accounted for every time a company prepares its financial statements

Bad debt expense = $5,650− ($1,250 − $2,675) = $7,075

Therefore Bad debt expense for 2022 would be $7,075

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