Netflix is a good example of a company that made successful strategic adjustments by recognizing the shift toward digital media and streaming technology, investing in original content, and expanding globally.
Good Example: Netflix
Netflix is a prime example of a business that made successful strategic adjustments due to external factors. When the company started as a DVD rental-by-mail service, it quickly recognized the shift toward digital media and streaming technology.
In response, Netflix transformed its business model to become a leading streaming platform. This adjustment allowed them to capitalize on changing consumer preferences and revolutionize the entertainment industry.
By investing heavily in original content production, Netflix differentiated itself from traditional media companies and secured a strong position in the market. Furthermore, they expanded their services globally, recognizing the increasing demand for streaming across different countries and cultures.
Netflix's strategic adjustments not only allowed them to adapt to the evolving landscape but also positioned them as a dominant player in the streaming industry.
Bad Example: Blockbuster
Blockbuster serves as a cautionary tale of a company that failed to make necessary strategic adjustments due to external factors. As the leading video rental chain in the late 1990s and early 2000s, Blockbuster dominated the home entertainment market.
However, they failed to recognize the shifting landscape towards digital media and the emergence of online rental services like Netflix. Blockbuster clung to its brick-and-mortar model and hesitated to invest in online streaming.
Consequently, they lost market share and eventually filed for bankruptcy in 2010. Blockbuster's failure to adapt to changing consumer preferences and technological advancements led to its downfall. The company's lack of strategic adjustments and failure to innovate ultimately left them obsolete in an industry that underwent a significant transformation.
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Prior to adjustment on August 31 , Salary Expense has a debit balance of $315,060. Salaries owed but not paid as of the same date totaf $2,760. Joumalize the entries to record the following: a. Accrued salaries as of August 31. If an amount box does not require an entry, leave it blank. b. The effect of closing Salary Expense as of August 31 . If an amount box does not require an entry, feave it blank. Prior to adjustment on A ug
ust 31, Salary Ex
Journalize the entries to record the following: Account as of Augu st
31. If an amount
a. Journal Entry to record Accrued Salaries as of August 31:
Date: August 31
Account Debit: Salary Expense (2,760)
Account Credit: Salaries Payable (2,760)
Description: Accrued salaries for the period.
b. Journal Entry to record the effect of closing Salary Expense as of August 31:
Date: August 31
Account Debit: Salary Expense (315,060)
Account Credit: Income Summary (315,060)
Description: Closing the Salary Expense account to the Income Summary account.
a. To record the accrued salaries as of August 31, we debit the Salary Expense account for the amount owed but not paid ($2,760) and credit the Salaries Payable account for the same amount. This entry recognizes the expense for the period and creates a liability for the unpaid salaries.
b. To close the Salary Expense account as of August 31, we debit the Salary Expense account for the balance it carries ($315,060) and credit the Income Summary account for the same amount. This entry transfers the expense to the Income Summary account as part of the closing process.
The journal entries accurately capture the accrual of salaries as of August 31 and the closing of the Salary Expense account for the period. The first entry recognizes the unpaid salaries as an expense and a liability, ensuring accurate financial reporting. The second entry closes the Salary Expense account by transferring its balance to the Income Summary account, allowing for the calculation of the net income or loss for the period. These entries adhere to the accrual accounting principle, which recognizes expenses and liabilities when incurred, regardless of the payment timing, and ensures proper closing of temporary accounts at the end of the accounting period.
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The Federal Funds rate is the interest rate charged on a/an: Select one: a. overnight loan from one bank to another. b. loan from a bank to a member of the community. c. loan from the Federal Reserve to a bank. d. long-term loan from one bank to another. A decrease in money supply growth will cause the: Select one: a. SRAS curve to shift to the left. b. LRAS curve to shift to the left. c. AD curve to shift to the left. d. price level to fall.
1 - The Federal Funds rate is the interest rate charged on a loan from the Federal Reserve to a bank. Option C is the correct answer. 2 - A decrease in money supply growth will cause the Aggregate Demand (AD) curve to shift to the left. Option C is the correct answer.
The Federal Funds rate refers to the interest rate at which depository institutions, such as banks, borrow or lend funds to each other on an overnight basis. These transactions occur in the "Federal Funds market," where banks maintain their reserve balances at the Federal Reserve.
When a bank needs to meet its reserve requirements or obtain additional funds, it can borrow from other banks or the Federal Reserve at the Federal Funds rate.
Regarding the second question, a decrease in money supply growth will cause the: c. AD (Aggregate Demand) curve to shift to the left.
Money supply refers to the total amount of money available in an economy, including physical currency, demand deposits, and other liquid assets.
A decrease in money supply growth means that the rate at which new money is being introduced into the economy is slowing down or declining. This can occur through various means, such as a reduction in the central bank's open market operations or a decrease in bank lending.
When money supply growth decreases, it leads to a reduction in the overall availability of money for spending and investment purposes. As a result, aggregate demand, which represents the total demand for goods and services in an economy, decreases.
This causes the AD curve to shift to the left, indicating a decrease in the total quantity of goods and services demanded at any given price level.
It's worth noting that a decrease in money supply growth can have broader implications for the economy, potentially impacting other factors such as interest rates, inflation, and investment levels. However, in the context of the given question, the most immediate effect would be the leftward shift of the AD curve. Therefore option C is the correct answer.
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6. The performance of on-site repairs and the analysis of customer complaints is the responsibility of the OA. quality assurance department. B. field service department. C. marketing and sales department. O D. process engineering department.
The performance of on-site repairs and the analysis of customer complaints is the responsibility of the field service department.Field service management (FSM) is a company's division that is in charge of installing, preserving, and fixing equipment at the consumer's home or company.
A company's FSM typically deals with on-site customer service by providing field technicians with work orders, schedules, and customer information, as well as monitoring repairs and gathering feedback.In terms of product quality, the field service department works with the quality assurance department to determine the level of service needed to satisfy customers, whether the product needs repairs or replacement, and to identify areas for improvement.
Field service management involves analyzing customer issues, finding ways to boost field service efficiency, ensuring customer happiness, increasing worker productivity, reducing operating expenses, and complying with regulatory requirements.
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2. Factor-price equalization The fictional country of Tomczakistan is a nation that is relatively rich in labor resources. It can produce two types of goods, capital-intensive goods and labor-intensive goods. Tomczakistan's production possibilities frontier (PPF) is shown on the following graph. Currently, Tomczakistan is closed to international trade and producing at the grey point (star symbol) labeled A on the graph. Suppose that Tomczakistan is going to trade with Leightvania, a country that is relatively rich in capital and was also previously closed to international trade. 0n the following graph, use the green point (triangle symbol) to indicate which way Tomczakistan will adjust its production by placing it on one of the two black points (plus symbol). Dashed droplines will automatically extend to both axes.
Factor price equalization is a result of a free trade agreement between two countries that have different levels of resources and skills. According to this theory, free trade promotes the equalization of prices and wages for factors of production between countries that trade in the free market.
This theory suggests that international trade reduces the difference in factor prices in the two countries involved in trade by creating equal prices of goods between them. For instance, the fictional country of Tomczakistan is a nation that is relatively rich in labor resources. It can produce two types of goods, capital-intensive goods, and labor-intensive goods. Tomczakistan's production possibilities frontier (PPF) is shown on the following graph. Currently, Tomczakistan is closed to international trade and producing at the gray point (star symbol) labeled A on the graph. Suppose that Tomczakistan is going to trade with Leightvania, a country that is relatively rich in capital and was also previously closed to international trade. If Tomczakistan is producing at the point A on the PPF and goes to trade with Leightvania, it would have to import capital-intensive goods from Leightvania because it is abundant in capital. The importation of capital-intensive goods would cause the relative price of capital-intensive goods to fall, and the relative price of labor-intensive goods to rise. As a result, Tomczakistan would shift its production towards labor-intensive goods by choosing point B.
Therefore, Tomczakistan will adjust its production by placing the green point (triangle symbol) on one of the two black points (plus symbol) to point B. Dashed droplines will automatically extend to both axes.
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Public Procurement sector in Kenya is by and large characterized with corruption and fraud. Identify the key causes and measures to Prevent such. Use relevant public procurement law to support your answer.
Public procurement is the process by which the government purchases goods, works, and services from the private sector. In Kenya, public procurement has been largely characterized by corruption and fraud. To prevent this, several measures need to be taken. In this answer, we shall look at the key causes of corruption in public procurement and measures to prevent them.
Key causes of corruption in public procurement sector in Kenya
1. Non-transparent procurement process: In most cases, the procurement process is not transparent. The public is not informed about the process and the criteria used to select the bidders. This leads to the perception that the process is biased and favors some bidders.
2. Lack of accountability: There is a lack of accountability in the procurement process. There are no clear mechanisms to hold the procurement officers accountable for their actions.
3. Conflict of interest: Procurement officers have been found to be conflicted. Some procurement officers have been found to have personal interests in some of the contracts they award.
4. Poor governance: The procurement process is not governed by clear policies and regulations. This has led to the abuse of the procurement process.
Measures to prevent corruption in public procurement sector in Kenya
1. Transparency: The procurement process should be transparent. The public should be informed about the process and the criteria used to select the bidders. This will reduce the perception that the process is biased.
2. Accountability: The procurement officers should be held accountable for their actions. This can be achieved by setting up mechanisms to monitor their activities.
3. Conflict of interest: Procurement officers should be required to declare their interests in any contract they are involved in. This will help to avoid conflicts of interest.
4. Good governance: The procurement process should be governed by clear policies and regulations. This will help to prevent abuse of the procurement process.
5. Procurement law: The Public Procurement and Disposal Act (PPDA) is the law that governs public procurement in Kenya. The law provides for the establishment of the Public Procurement Oversight Authority (PPOA) to oversee the procurement process. The law also provides for the establishment of the Public Procurement Administrative Review Board (PPARB) to handle disputes arising from the procurement process. These institutions should be strengthened to ensure that they carry out their mandate effectively.
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You are the manager of a small sales team. One of your staff has developed poor timekeeping over the last few weeks, regularly arriving late and taking long lunch breaks. He is a good worker and you get on well with him, so the conversation is going to feel a bit awkward.
What will you do?
How will you approach him?
What could be the outcome of your conversation?
As the manager of a small sales team, one of your staff members has developed poor timekeeping over the last few weeks, regularly arriving late and taking long lunch breaks. To handle this situation, you need to follow some steps mentioned below:Here are some of the things that you can do to handle the situation effectively:
Track the employee's attendance: Check the employee's attendance record to see how often he is absent or arrives late. This will give you a better idea of the extent of the problem. It will also help you to determine whether the employee is deliberately avoiding work or is genuinely unable to attend work due to a personal problem.
Schedule a meeting: Schedule a meeting with the employee to discuss the issue. Let him know that you are aware of his attendance record and that you would like to discuss the problem. How will you approach him? Here are some things to keep in mind when approaching the employee.
Be tactful: Approach the employee in a tactful and professional manner. Be respectful and sensitive to the employee's feelings, while at the same time being firm and clear about your expectations. Avoid being confrontational or aggressive, as this will only make the situation worse.
Provide clear expectations: Explain to the employee the importance of timekeeping and how it impacts the team and the organization. Be clear about your expectations and the consequences of not meeting those expectations. Listen: Listen carefully to the employee's reasons for poor timekeeping. If there is an underlying problem, try to work with the employee to find a solution.
Here are some possible outcomes of the conversation: Improved timekeeping: The employee may realize the importance of good timekeeping and improve his attendance record. Personal problems: If there are personal problems that are causing poor timekeeping, you may be able to work with the employee to find a solution.
Discipline: If the employee does not improve his timekeeping after the meeting, you may need to take disciplinary action, such as a verbal warning, a written warning, or even termination of employment.
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The following table provides a description for the project Z.
Project Z is a software development project aimed at creating a new enterprise-level accounting system. The project will utilize a team of experienced software developers and a project manager to design and develop the system.
The project is expected to take approximately 12 months to complete, with a budget of $2 million. Each phase will be completed in a sequential order, with testing and verification occurring at each step to ensure that the system is being developed correctly.
Overall, the project Z is an ambitious effort to create a new enterprise-level accounting system that meets the needs of the organization and its users. With a dedicated team and a well-planned approach, the project is expected to be successful and deliver a high-quality accounting system that will support the organization's needs for years to come.
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Analyzing the effects of imposing a tariff (Trump’s proposal). Consider an open
economy with an importable good purchased by the representative consumer who has a utility
function U = U(Cm, l). The economy produces only an exportable good via the production
function Yx = zF(K,Nd). The consolidated budget constraint is Cm = w(h − l) + π − T.
Profits are given by π = pxYx − wNd, where px denotes the terms of trade, i.e., the relative
price of exportable goods in terms of importable goods. In this one-period economy we have
balanced trade, that is, NX = pxYx − C − G = 0. Note that values are expressed in units of
the importable good. The government, as usual, balances its budget (G = T). Now, assume
that the government imposes a tariff 0 < τ < 1 to importable goods, so the new constraint is
(1+τ )Cm = w(h−l)+π −T. The government balances a new budget constraint G = T +τCm.
Assuming that the substitution effect dominates the income effect, does this trade policy create
more employment and welfare? Explain and provide a graph
Analyzing the effects of imposing a tariff, specifically Trump's proposal, on an open economy with importable goods and exportable goods can be done by considering the utility function, production function, and budget constraints.
In this one-period economy with balanced trade (NX = 0), the representative consumer's utility function is U = U(Cm, l), where Cm represents consumption of the importable good and l represents leisure. The economy produces only an exportable good using the production function Yx = zF(K, Nd), where z represents productivity, K represents capital, and Nd represents labor. The consolidated budget constraint is Cm = w(h - l) + π - T, where w represents the wage rate, h represents total time endowment, π represents profits, and T represents taxes. Profits are given by π = pxYx - wNd, where px represents the terms of trade (relative price of exportable goods in terms of importable goods). Now, let's assume that the government imposes a tariff 0 < τ < 1 on importable goods. The new constraint becomes (1+τ)Cm = w(h - l) + π - T and the government balances its new budget constraint with G = T + τCm. To analyze the effects on employment and welfare, we need to consider the substitution effect and income effect. If the substitution effect dominates the income effect, then the trade policy could potentially create more employment and welfare. To visualize this, we can use a graph. On the horizontal axis, we can represent the quantity of labor (Nd), and on the vertical axis, we can represent the wage rate (w). With the imposition of the tariff, the new budget constraint shifts outward, indicating an increase in the consumption of the importable good. This leads to an increase in profits (π) and potentially higher wages (w) as well. If the substitution effect dominates, the wage rate could increase further due to the higher demand for labor. This would lead to more employment and potentially higher welfare. However, it is important to note that this analysis assumes that the substitution effect dominates the income effect. The actual impact on employment and welfare would depend on various factors such as the magnitude of the tariff, the elasticity of demand for the importable good, and the response of the economy to the trade policy.
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Find a Doctor is a small startup that helps people find a physician who best meets their needs (location, insurance accepted, etc.). During a "slow" time for it, it has 8 staff members taking calls from customers. On average, one call arrives every 7 minutes (with a standard deviation of 7 minutes). Each staff member spends on average 20 minutes with each customer (with a standard deviation of 30.00 minutes). (Round your answer to 2 decimal places.) How long does one of their customers spend, on average, waiting on hold before he or she can start speaking to a representative?
The company has a total of 8 staff members taking calls from customers, which implies that the number of servers is s=8.Arrival rate, λ = 1/7 minutes per call.
Service time, µ = 20.00 minutes per call.
Customer waiting time, Wq = ?
Using Little's Law, we can calculate the average number of customers in the waiting line as:
L = λWqL = λWqL = 1/7 x Wq
L = 0.14Wq
Using the M/M/s queuing model, we can find the average time a customer spends in the system, which includes both the waiting time and the service time.
The formula to calculate average time in the queue is:
Tq = Wq + 1/μ.
Tq = (L/λ) + (1/μ)
Tq = 0.14 + (1/20)
Tq = 0.14 + 0.05
Tq = 0.19 minutes per call or 11.40 seconds.
Therefore, each customer spends an average of 11.40 seconds waiting on hold before speaking to a representative.
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If the payout ratio is 0.40 and dividends are 40, then net income is Select one: O a. 80 O b. 100 O c. 120 O d. 160
If the payout ratio is 0.40 and dividends are 40, then net income is 100 (option b).How to calculate net income?Net income can be calculated by multiplying the earnings per share by the total number of shares of the company.
It is also called net profit or the bottom line. The formula is as follows:Net income = Earnings per share x Total number of shares outstandingGiven that the payout ratio is 0.40, it means that for every dollar of net income, the company is paying 40 cents as dividends to its shareholders. Using the dividend payout ratio formula:Dividend payout ratio = Dividends / Net incomeWe can substitute the values to find the net income:0.40 = 40 / Net incomeNet income = 40 / 0.40Net income = 100Therefore, the net income is $100 if the payout ratio is 0.40 and dividends are 40.
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Why is it important to view leadership in a relational process and what traits have you found to be associated with effective leadership?
Leadership is more than just telling people what to do. Leaders are more effective when they view leadership as a relational process, which includes building positive relationships with their team members and using their influence to empower and support them.
Another important trait of effective leadership is the ability to inspire and motivate team members. Leaders who can inspire their team members to achieve their goals and work together to accomplish shared objectives are more likely to be successful. Self-aware leaders understand their own strengths and weaknesses, and are willing to listen to feedback from others in order to improve their performance.
Adaptable leaders are able to adjust their leadership style to meet the needs of their team members, while empathetic leaders are able to understand and respond to the needs and concerns of others. In conclusion, leadership is a relational process that requires building positive relationships with team members and using influence to empower and support them.
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10)
How might a mission statement help Donna with her new
business?
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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US GAAP provides companies with accounting method choices in several areas. Companies can elect to use either FIFO, LIFO, or Average method for cost allocation to value their ending inventories and cost of goods sold. Similarly, companies can elect to use one of several methods (Straight line, double declining balance, productive output method) to depreciate their fixed assets. Each of the method has different impact on the financial statements, i.e., financial statement effects. Briefly discuss the motivations for managers' choice of inventory methods in the US and why it may differ from the motivations for the choice of depreciation methods. Short Answer Toolbar navigation BIUS === I!!! IMI ||| A 57 ky
Managers' choice of inventory methods is primarily driven by the desire to manipulate financial statement effects, such as higher profits or lower tax liabilities.
Managers' choice of inventory methods in the US is often driven by specific motivations related to financial statement effects.
For example, selecting the FIFO (First-in, First-out) method for cost allocation tends to result in higher ending inventory values and lower cost of goods sold, which can lead to higher reported profits and better financial ratios such as inventory turnover.
This method is preferred in periods of rising prices or when companies want to portray better financial performance.
On the other hand, managers may choose the LIFO (Last-in, First-out) method when prices are increasing to minimize taxable income and income tax expenses.
LIFO assumes that the most recently acquired inventory is sold first, resulting in higher costs of goods sold and lower reported profits. This method can be advantageous in periods of inflation as it better matches the current market value of inventory with current revenues.
In contrast, the choice of depreciation methods for fixed assets is driven by different motivations. Managers consider factors such as the useful life of the asset, the expected pattern of benefits derived from its use, and the impact on taxable income.
For instance, the straight-line method allocates equal amounts of depreciation expense over an asset's useful life, resulting in consistent annual expenses. The double declining balance method front-loads depreciation expenses, which can be beneficial in the early years of an asset's life when it is expected to be more productive.
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Explain the benefits of decomposing the ROE into a profitability, efficiency and financial leverage measure. Basically, the idea behind the DuPont identity. 2. Ideally you would like ROE>ROA. Explain the reasoning behind this relation. 3. If Healthy Farms, LLC. has an equity multiplier of 1.50, total asset turnover of 1.10 and a profit margin of 5%, what is the ROE? 4. AgEcon, Farms, has a profit margin of 3%, total asset turnover of 1.25 and ROE of 15.0%. What is the firm's debt - to - equity ratio?
Decomposing ROE into profitability, efficiency and financial leverage measures provides insights into the individual drivers of the metric. This helps in identifying areas of improvement for the company.
Profitability measure includes net profit margin, efficiency measure includes asset turnover and financial leverage measure includes equity multiplier. These measures can be compared to industry benchmarks to identify areas of improvement. The DuPont Identity represents the decomposition of ROE into its three components.
ROE is a measure of profitability and efficiency of a company. ROA is a measure of efficiency only. Ideally, we would like ROE>ROA because if ROE>ROA, the difference is the leverage component. It indicates that the firm has additional earnings on top of the ones generated by the assets that are financed by debt.
This magnifies the return for shareholders but also increases the risk.3. ROE = Net Profit Margin x Total Asset Turnover x Equity Multiplier.
[tex]ROE = 5% x 1.10 x 1.50 = 8.25%.4. Debt to equity ratio = (ROE - Net Profit Margin x Total Asset Turnover) / (ROE - Net Profit Margin x Total Asset Turnover - 1) = (15.0% - 3% x 1.25) / (15.0% - 3% x 1.25 - 1) = 1.78.[/tex]
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Some bureaucracies internationally consider bribery to be a standard aspect of doing business. For international firms doing business in these countries, the frequent expectation of bribes can create a difficult ethical situation. Should businesses engage in bribery in countries where it is expected? How could failing to do so impact the business?
Businesses can take proactive steps to mitigate the impact of not engaging in bribery. This includes conducting thorough due diligence on local laws and regulations, developing strong relationships with local partners, engaging in transparent business practices, and advocating for anti-corruption measures within the countries they operate in.
The issue of bribery in international business is indeed a complex and ethically challenging topic. While some bureaucracies may consider bribery to be a standard aspect of doing business, it is important to note that engaging in bribery is illegal in most countries and can have serious consequences.
As for whether businesses should engage in bribery in countries where it is expected, the answer is no. Engaging in bribery not only violates legal and ethical standards but can also harm the reputation and credibility of the business. Additionally, it may lead to legal troubles and damage relationships with stakeholders, such as customers, employees, and investors.
Failing to engage in bribery in countries where it is expected can have negative impacts on the business. For example, it may result in lost business opportunities, difficulties in navigating bureaucratic processes, and strained relationships with local partners or officials. However, it is crucial for businesses to prioritize ethical behavior and seek alternative strategies to navigate these challenges.
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Using Excel to Determine Accounting Equation Amounts PROBLEM At the beginning of the year, Xul Ltd. had the following amounts on its statement of financial position. Use this information to answer each of the following independent questions. Beginning of year, total assets Beginning of year, total liabilities
$720,000
420,000
Xul's total assets decreased during the year and shareholders' equity increased. ? What is the amount of total liabilities at the end of the year?
Beginning of year, total assets = $720,000Beginning of year, total liabilities = $420,000The accounting equation is given by: Total assets = Total liabilities + Shareholders equity. We have the values for the beginning of the year.
Beginning of year, shareholders equity = Total assets - Total liabilities= $720,000 - $420,000= $300,000Since shareholders equity increased during the year, we can say that the final shareholders equity will be greater than the initial shareholders equity.
Total assets decreased during the year, and shareholders' equity increased, this means that the amount of total liabilities at the end of the year will be less than the beginning of the year total liabilities. The amount of shareholders' equity at the end of the year can be calculated as: Shareholders equity at the end of the year = Beginning of year shareholders equity + Increase in shareholders equity .
Let's assume that the increase in shareholders' equity is x, then Shareholders equity at the end of the year = $300,000 + x Now, using the accounting equation, Total assets = Total liabilities + Shareholders equity.$720,000 = Total liabilities + ($300,000 + x)Total liabilities = $720,000 - $300,000 - x Total liabilities = $420,000 - x Therefore, the amount of total liabilities at the end of the year is $420,000 - x.
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Discuss the societal factors that have influenced the spread of public relations? 2. Where should the practice of public relations be situated in a university? 3. discuss some issues that confront public relations in the 21st century
Public Relations is a critical component of any modern business. It is a field that is constantly evolving, and as such, it is essential to understand the societal factors that have contributed to its growth. In this essay, we will discuss these factors, as well as where the practice of Public Relations should be situated in a university.
The spread of Public Relations has been influenced by several societal factors. The first of these is the increased demand for more transparent communication between businesses and their customers. This has been driven by the rise of social media and other digital technologies that have given consumers more power to voice their opinions and shape the narrative around businesses.
Another factor that has contributed to the spread of Public Relations is the growing importance of reputation management in the corporate world. With more and more companies operating in global markets, it has become increasingly important for them to maintain a positive public image. Public Relations is one of the key tools that companies use to manage their reputations.
The practice of Public Relations should be situated in a university's communication department. This is because Public Relations is closely related to other communication fields, such as journalism and advertising. By placing Public Relations within the communication department, students can learn about these related fields and gain a more comprehensive understanding of the role that communication plays in modern society.
In conclusion, Public Relations is a vital field that has been shaped by many societal factors. It is essential to understand these factors if we are to fully appreciate the role that Public Relations plays in modern society. The practice of Public Relations should be situated in a university's communication department, and Public Relations practitioners must be able to navigate the complex ethical issues that confront them in the 21st century.
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What is DOB Model? Yanıtınız: A model to help with long-term strategic planning A model to categorize your customer's needs. A model to evaluate a creative idea. A model to analyze your organization's strengths, weaknesses, opportunities, and threats. Yanıtı temizle
DOB model is a model to analyze your organization's strengths, weaknesses, opportunities, and threats.
DOB Model is also known as SWOT analysis, which stands for Strengths, Weaknesses, Opportunities, and Threats. It is a tool for identifying the company's internal and external factors that are beneficial or harmful to the organization in achieving its goals. The acronym is self-explanatory in which S represents the strength of the company, W represents its weaknesses, O represents the opportunities available, and T stands for threats that the company might face.
Thus, it is a model to analyze your organization's strengths, weaknesses, opportunities, and threats.
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Groysberg, B., Herman, K., & Knoop, CI. (2019). The new LAX: Ready for takeoff. Harvard Business Review. Ref#420025 https://store.hbr.org/product/the-new-lax-ready-for-takeoff/420025
please write the relevant answers to the questions of this case.
Explain the contexts of the challenges at LAX?
What were the current projects and who were the stakeholders?
Was Flint seeking buy-in or engagement? What is the difference between the two as it applies to the case?
What elements of the VRIO Framework and how is this tool being employed?
What structural changes did Flint implement?
Was Flint successful in her approach to organizational analysis, and what tools were used to measure the outcome of LAX’s analysis?
Achieving success in male-dominated work environments can be a challenge for women, what
strategies can high-performing women pursue to achieve success in such environments?
Examining the strategic choices, what type of leadership is required to sustain change at LAX?
Would you have considered working at LAX? Explain your answer?
you can search online or somewhere else I haven't bought it.
LAX is an abbreviation for Los Angeles International Airport, one of the busiest airports in the United States.
1. Explaining the contexts of the challenges at LAX:
Review the case to identify the key challenges faced by LAX (Los Angeles International Airport) in terms of its operations, infrastructure, customer experience, or any other relevant aspects. Consider factors such as increased passenger volume, outdated facilities, security concerns, competition, regulatory requirements, or financial constraints.
2. Identifying the current projects and stakeholders:
Identify the ongoing projects mentioned in the case that are aimed at addressing the challenges faced by LAX. These projects could include infrastructure improvements, technology upgrades, process enhancements, or customer service initiatives. Determine the key stakeholders involved in these projects, such as airport management, airlines, government agencies, employees, passengers, or local communities.
3. Understanding the difference between buy-in and engagement:
Buy-in refers to obtaining agreement or support from stakeholders for a particular decision or initiative. It implies that stakeholders accept the decision but may not necessarily be actively involved. On the other hand, engagement involves actively involving stakeholders in the decision-making process and fostering their commitment, participation, and contribution to the initiative.
4. Analyzing the application of the VRIO Framework:
The VRIO Framework assesses the competitive advantage of a firm by evaluating the value, rarity, imitability, and organizational aspects of its resources and capabilities. Identify the resources and capabilities discussed in the case and assess their VRIO characteristics. Determine whether they provide a sustainable competitive advantage for LAX or if they can be easily replicated by competitors.
5. Examining the structural changes implemented by Flint:
Identify the specific structural changes implemented by the protagonist, Flint, in the case. These changes could involve organizational restructuring, changes in reporting relationships, realignment of departments, or modifications in decision-making processes. Analyze the rationale behind these changes and their intended impact on improving LAX's performance and addressing the identified challenges.
6. Evaluating Flint's approach to organizational analysis and outcome measurement:
Assess whether Flint was successful in conducting an effective organizational analysis at LAX. Consider the tools and methods used by Flint to gather data, identify issues, and propose solutions. Additionally, determine how the outcome of the analysis was measured and whether appropriate metrics were used to evaluate the effectiveness of the implemented changes.
7. Strategies for high-performing women in male-dominated work environments:
Discuss strategies that high-performing women can pursue to achieve success in male-dominated work environments. These strategies may include networking, mentoring, building alliances, developing strong communication and negotiation skills, seeking opportunities for visibility and recognition, and challenging gender biases and stereotypes.
8. Leadership required to sustain change at LAX:
Examine the strategic choices made by Flint and consider the type of leadership required to sustain the implemented changes at LAX. Discuss leadership qualities such as vision, communication skills, adaptability, resilience, collaboration, and the ability to drive cultural transformation. Assess how these leadership qualities are relevant to ensuring long-term success in a dynamic and challenging environment like LAX.
9. Personal consideration of working at LAX:
Share your own opinion on whether you would consider working at LAX based on the information provided in the case. Consider factors such as the challenges faced by LAX, the strategic initiatives being implemented, the leadership approach, and your personal preferences and career goals. Provide a rationale for your answer.
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I apologize for the confusion, but as an AI language model, my responses are generated based on a mixture of licensed data, data created by human trainers, and publicly available data.
I have not been directly trained on the specific article you mentioned from the Harvard Business Review. Therefore, I do not have access to the specific information or details required to answer the questions about the case.
I recommend accessing the article directly from the Harvard Business Review website or conducting a search online to gather relevant information and insights regarding the challenges at LAX, the current projects and stakeholders, Flint's approach, the VRIO framework, structural changes implemented, the success of Flint's approach, strategies for success in male-dominated work environments, the type of leadership required to sustain change at LAX, and personal considerations about working at LAX.
I apologize for any inconvenience caused. If you have any other questions or need assistance with a different topic, feel free to ask!
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how does Samsung Company overcome their obstacles?
Samsung has had its share of challenges over the years, but the company has been able to overcome them. Hence, Diversification has helped Samsung to reduce its risks and maintain its profitability even in challenging times.
Here are some of the ways Samsung has dealt with its obstacles:
Innovation: Samsung has been known to be a pioneer in technological innovation. The company is continuously developing new products and technologies that help it remain competitive. It also invests heavily in research and development to stay ahead of its competitors. Samsung was one of the first companies to launch a smartphone, and it has been leading the market ever since.
Branding: Samsung has created a strong brand image for itself. The company's logo is instantly recognizable, and its products are associated with quality, innovation, and affordability. Samsung has been able to create a strong brand image by consistently delivering quality products and by investing in marketing and advertising efforts to promote its products.
Focus: Samsung is focused on meeting its customers' needs and exceeding their expectations. The company spends a lot of time and resources on understanding its customers' needs and preferences. Samsung's customer-focused approach has helped the company to build a loyal customer base and retain customers even in the face of challenges.
Diversification: Samsung has diversified its product portfolio to reduce its dependence on a single product line. The company has expanded into different product categories, such as home appliances, TVs, and audio systems, among others. Diversification has helped Samsung to reduce its risks and maintain its profitability even in challenging times.
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Gardenia Corp. has a selling price of $15, fixed costs of $25,000, and contribution margin of $65,000 when Gardenia sells 13,000 units. How much are variable costs per unit? O $2.00 O $5.00 O $7.00 O
Therefore, the variable cost per unit for Gardenia Corp. is $10. Here option D is the correct answer.
To determine the variable cost per unit for Gardenia Corp., we can use the contribution margin per unit formula:
Contribution Margin per Unit = (Selling Price per Unit) - (Variable Cost per Unit)
Given the following information:
Selling Price per Unit = $15
Fixed Costs = $25,000
Contribution Margin = $65,000
Units Sold = 13,000
We can calculate the contribution margin per unit by dividing the total contribution margin by the number of units sold:
Contribution Margin per Unit = Contribution Margin / Units Sold
Contribution Margin per Unit = $65,000 / 13,000
Contribution Margin per Unit = $5
Now, let's substitute the known values into the contribution margin per unit formula:
$5 = $15 - Variable Cost per Unit
Solving for the Variable Cost per Unit:
Variable Cost per Unit = $15 - $5
Variable Cost per Unit = $10
Therefore, the variable cost per unit for Gardenia Corp. is $10. Therefore option D is the correct answer.
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Complete question:
Gardenia Corp. has a selling price of $15, fixed costs of $25,000, and a contribution margin of $65,000 when Gardenia sells 13,000 units. How much is variable costs per unit?
A - $2.00
B - $5.00
C - $7.00
D - $10.00
Among paid, owed, earned, and shared media, which is the most credible to customers on social media and why? Give an example from your own or others’ experiences.
Among paid, owed, earned, and shared media, earned media is the most credible to customers on social media. Earned media refers to the free publicity.
exposure that a brand earns through positive word-of-mouth and mentions on social media platforms. Customers trust earned media more because it is based on authentic opinions and recommendations from real people rather than paid promotions or advertising. For example, if a customer has a positive experience with a brand and shares it on social media, their followers are more likely to trust and be influenced by that recommendation. Similarly, if a brand is mentioned or featured by an influencer or trusted authority in their industry.
it can boost the brand's credibility and reputation among their followers. In contrast, paid media such as sponsored posts or ads can sometimes be perceived as less authentic or trustworthy because they are essentially advertisements that the brand has paid for. Overall, earned media is the most valuable form of media on social media platforms because it reflects genuine customer sentiment and can have a significant impact on a brand's reputation and success.
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Tactics are:
a. the objectives of the strategy.
b. not actionable.
c. the smaller, short-term, building blocks used to enact the
strategy.
d. small mint flavored breath fresheners.
Option c is correct. Tactics are the smaller, short-term building blocks used to enact the larger, long-term strategies.
Tactics are the specific actions taken in order to achieve a larger goal or objective. They are essentially the tools used to implement strategies and achieve goals. Tactics can range from things like marketing campaigns to specific social media posts.
They are often smaller and shorter-term than strategies, which tend to be more long-term and overarching. It is important to have effective tactics in place in order to achieve larger strategic goals. This requires careful planning and execution to ensure that the tactics are effective and contribute to the overall success of the strategy.
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1. Returned 20 widget product units (that were purchased on account) to the vendor who adjusted our bill
2. Sold 280 widget product units for $16 each for cash to Marsha Brady 15.
3. Sold 250 widget product units for $16 on account to Greg Brady.
4. Received $80 in advance from a customer who expects to purchase items from us in the near future .
Register every transaction in the journal Entry.
1. Return of 20 widget units: Debit Accounts Payable, Credit Vendor Adjustment.
2. Cash sale of 280 widget units to Marsha Brady: Debit Cash, Credit Sales Revenue.
3. Sale of 250 widget units on account to Greg Brady: Debit Accounts Receivable, Credit Sales Revenue.
4. Receipt of $80 in advance: Debit Cash, Credit Unearned Revenue.
1. Journal Entry: To record the return of 20 widget product units to the vendor and adjustment of the bill.
Date | Account Titles | Debit | Credit
----------------------------------------------
[Date] | Accounts Payable | $[Amount] |
| Vendor Adjustment | | $[Amount]
2. Journal Entry: To record the sale of 280 widget product units for $16 each in cash to Marsha Brady.
Date | Account Titles | Debit | Credit
----------------------------------------------
[Date] | Cash | $[Amount] |
| Sales Revenue | | $[Amount]
3. Journal Entry: To record the sale of 250 widget product units for $16 each on account to Greg Brady.
Date | Account Titles | Debit | Credit
----------------------------------------------
[Date] | Accounts Receivable | | $[Amount]
| Sales Revenue | | $[Amount]
4. Journal Entry: To record the receipt of $80 in advance from a customer.
Date | Account Titles | Debit | Credit
----------------------------------------------
[Date] | Cash | $[Amount] |
| Unearned Revenue | | $[Amount]
Note: In the journal entries, the specific amounts and account titles should be filled in based on the actual values and account names used in the company's accounting system.
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Which of the following statements about data breaches in 2019 is not true?
A. According to the Identity Theft Resource Center, the number of breaches in 2019 increased by 17% from 2018.
B. According to the Identity Theft Resource Center, the breaches exposed almost 165 million sensitive records, such as social security numbers and financial account data.
C. According to the Identity Theft Resource Center, employee error was the leading cause of data breaches.
D. According to the Identity Theft Resource Center, data breaches involving the business sector represented about 44% of all breaches.
The statement about data breaches in 2019 that is not true is option (C) According to the Identity Theft Resource Center, employee error was the leading cause of data breaches.
Explanation:Data breaches have become very common in recent years and 2019 was no exception. There are many factors responsible for the increasing number of data breaches, which include employee error, malware attacks, phishing attacks, and hacking attacks, among others. However, option (C) is not true because employee error was not the leading cause of data breaches in 2019. Rather, the leading cause of data breaches in 2019 was hacking attacks, which accounted for about 39% of all data breaches.
This is according to the 2019 Data Breach Investigations Report by Verizon. Employee error was responsible for about 21% of all data breaches in 2019, which makes it the second leading cause. In addition, the other statements are true; the number of breaches in 2019 increased by 17% from 2018, the breaches exposed almost 165 million sensitive records, and data breaches involving the business sector represented about 44% of all breaches.
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6.A stock you own, Eduardo's Efficacious Ejectors, LLP., is forecast to have a rate of (excess) return of 12.30%, has a beta of 0.8, and the market risk premium is 4.50%. According to the Capital Asset Pricing Model, you should ____ :
Select one:
a.
Hold, because the stock is fairly priced
b.
Sell, because the stock is underpriced
c.
Sell, because the stock is overpriced
d.
Buy, because the stock is underpriced
e.
Buy, because the stock is overpriced
According to the Capital Asset Pricing Model (CAPM), you should buy Eduardo's Efficacious Ejectors, LLP.'s stock as it is underpriced.
What is Capital Asset Pricing Model?The Capital Asset Pricing Model (CAPM) is a financial model that uses the expected return of a security to estimate the amount of compensation an investor requires to take on market risk.
A security's risk premium is calculated using the CAPM formula. The risk-free rate of return, the expected market return, and the stock's beta are the variables in the CAPM equation.
CAPM equation:
Ri = Rf + (Rm - Rf)βi
Where
Ri = the expected return on the investment
Rf = the risk-free rate of return
Rm = the expected return on the market portfolio
βi = the beta of the stock
Eduardo's Efficacious Ejectors, LLP.'s stock is predicted to have an excess return of 12.30%, has a beta of 0.8, and the market risk premium is 4.50%.
Because Eduardo's Efficacious Ejectors, LLP.'s stock has a beta of 0.8, which is less than 1, it is less volatile than the overall market.
Hence, option d. is correct.
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For the portfolio of Sherwood's Sore Sports, LLC., you will help the investor Adalynn calculate his Utility level, using the regular objective function used in the textbook. You have estimated Adalynn's risk aversion level (A), as 6.3, and calculated the following data : Portfolio return = 9.2%, Portfolio variance = 30%, Risk-free rate = 2.6%. Given this information, what is the utility level for Adalynn? Select one: a. -87.90 b. -85.30 c. insufficient information to determine d. -8.05 e. -86.60 f. -89.90 g. -91.90
The answer is , the utility level for Adalynn is 0.615%.
How to find?Portfolio return = 9.2%,
Portfolio variance = 30%,
Risk-free rate = 2.6%,
Risk aversion level (A) = 6.3,
We know that the regular objective function used in the textbook is:
U(x) = E(x) - (1/2) A σ²where,
U(x) = Utility level of the investor,
E(x) = expected return of the portfolio,
A = Risk aversion level,
σ² = Variance of the portfolio.
To calculate the utility level for Adalynn, we need to calculate the expected return and the variance of the portfolio.
First, let's calculate the expected return of the portfolio:
E(x) = Portfolio return - Risk-free rate
= 9.2% - 2.6%
= 6.6%.
Now, let's calculate the variance of the portfolio:
σ² = Portfolio variance
= 30%.
Now, substituting the values in the regular objective function, we get:
U(x) = E(x) - (1/2) A σ²
= 6.6% - (1/2) (6.3) (30%)
= 6.6% - 5.985%
= 0.615%.
Therefore, the utility level for Adalynn is 0.615%.
Hence, the correct option is: d. -8.05.
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QUESTION 16. 1-5 PART QUESTION. DO ALL PARTS.
a) using a 2 month moving average, calculate the forecast for march and april (round your responseto two decimals)
Forecast for March ______?
Forecast for April _____?
b) using a 3-month moving average, calculate the forecast for april.
The forecast for April is $_____ (round upur response to two decimals places)
c) Calculate the mean absolute deviation based on a 2-month average.
The mean absolute deviation based on 2-month moving average of March through April is
$____(round your response to three decimal places)
d) calculate the mean absolute deviation based on a 3-month average.
The mean absolute deviation based on 3-month moving average of Aprile is $_____(round your response to three decimal places).
E) Based on the mean absolute deviation, the ____ has performaned better?
a) 2-month moving average
b) 3-month moving average
Based on the mean absolute deviation, the 2-month moving average has performed better.
Given data is a two-month moving average and three-month moving average for the forecast for March and April
Part (a )Given the 2-month moving average, the forecast for March will be;
Forecast for March = (55 + 61) / 2 = 58 rounded to two decimal places.Forecast
for April = (61 + 70) / 2 = 65.5 rounded to two decimal places
Part (b)The forecast for April is calculated using a three-month moving average
Forecast for April = (55 + 61 + 70) / 3 = 62 rounded up to two decimal places.
Part (c)Given that the 2-month moving average mean absolute deviation will be;
Mean Absolute Deviation = [(57-58)²+(61-58)²+(70-61)²+(61-70)²]/ 2 = 29 rounded to three decimal places.
(d)The three-month moving average mean absolute deviation will be;
Mean Absolute Deviation = [(55-62)²+(61-62)²+(70-62)²]/3 = 32.33 rounded to three decimal places.
Part (e)Based on the mean absolute deviation, the 2-month moving average has performed better.
Forecast for March = 58,
Forecast for April = 65.5.
Mean absolute deviation based on 2-month average = $29.
Mean absolute deviation based on 3-month average = $32.33.
The 2-month moving average has performed better.
Based on the mean absolute deviation, the 2-month moving average has performed better.
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Your client is preparing the annual financial statements for the period ending 12/31/2020. The company has a large 10-year loan coming due on January 31, 2021 which your client believes will require reclassification of that long-term debt to current liability status. The client is concerned because reclassification of the loan as a current liability will negatively impact the company’s current ratio to the extent that the company will be in violation of a covenant embedded in another long-term note. The company has an agreement with its lender to refinance the 10-year loan as another long-term note on January 31, 2021. The client wonders if the company should refinance earlier to avoid reclassification at year-end. You don’t believe it is necessary to refinance before year-end to avoid the reclassification of the debt to current status. Explain why to the client.
In accounting, current liabilities are those obligations of an enterprise that are expected to be settled in cash or with other current assets, either in the next operating period or in the following year.
What does this entail?Long-term debt is classified as a long-term liability. A long-term loan due within 12 months is reclassified as a current liability on the balance sheet when it is due for payment within the next 12 months from the balance sheet date. The company has an agreement with its lender to refinance the 10-year loan as another long-term note on January 31, 2021, so it will not be necessary to refinance before year-end to avoid the reclassification of the debt to current status.A company can enter into debt covenants with its lenders as part of a loan agreement. Debt covenants are constraints imposed by lenders to limit the borrower's financial activities and safeguard the lender's investment. The majority of debt covenants revolve around the company's financial ratios and cash flows. Because the firm's current ratio is calculated by dividing the current assets by the current liabilities, and if the long-term debt is reclassified as a current liability, the company's current ratio may be negatively affected.It might, therefore, breach a loan covenant that restricts the company's current ratio from falling below a particular threshold.
However, the debt covenant problem is temporary, and it will disappear once the debt is refinanced as a long-term loan on January 31, 2021, which is only a month away.
As a result, the company should not refinance the loan earlier to avoid the reclassification of the debt to current status.
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S. Producer surplus for a group of sellers The following graph shows the supply curve for a group of sellers in the U.S. market for tablets (orange line). Each seller has only one tablet to sell. The market price of a tablet is shown by the black horizontal line at $175. Each rectangle on the graph corresponds to a particular seller in this market: blue (circle symbols) for Gilberto, green (triangle symbols) for Juanita, purble (diamond symbols) for Lorenzo, tan (dash symbols) for Neha, and orange (square symbols) for Sam. (Note: The name labels are to the right of the corresponding segment on the supply curve.) Use the rectangles to shade the areas representing producer surplus for each person who is wiming to sell a tablet at a market price of $175. (Note: If a person will not sell a tablet at the market price, indicate this by leaving his or her rectangle in its original position on the palette.) Based on the information on the preceding graph, you can tell that will sell tablets at the given market price, and total producer surplus in this market will be Suppose the market price of a tablet increases to $275. On the following graph, use the rectangles once again to shade the areas representing producer surplus for esch person who is wiming to sell a toblet at the new market prices blue (cincle symbols) for Gilberto, green (triangle symbols) for luanita, purple (diamond symbols) for Lorenzo, tan (dash symbols) for Nehey and orange (square symbols) for Sam. (Note: If a person wil not sell a tablet at the new market price, indicate this by leaving his or her rectangle in its originat position on the palette.) On the following graph, use the rectangles once again to shade the areas representing producer surplus for each person who is willing to sell a t at the new market price: blue (circle symbols) for Gilberto, green (triangle symbols) for Juanita, purple (diamond symbo/s) for Lorenzo, tan (das symbois) for Neha, and orange (square symbols) for Sam. (Note: If a person will not sell a tablet at the new market price, indicate this by leavi or her rectangle in its original position on the palette.) Based on the information in the second graph, when the market price of a tablet increases to $275, the number of seliers witing to seil a tablet 10 , and total producer surplus 60
The total producer surplus is the sum of the shaded areas. Measure the width of each shaded rectangle and multiply it by the height (new market price) to calculate the area. Add up the areas of the two shaded rectangles to find the total producer surplus.
To shade the areas representing producer surplus for each person at the market price of $175:
Gilberto: Since the market price is below Gilberto's supply curve, he will not sell a tablet at this price. Leave his rectangle in its original position on the graph.
Juanita: The market price of $175 is above Juanita's supply curve. Shade the area between her supply curve and the market price for her rectangle.
Lorenzo: The market price of $175 is above Lorenzo's supply curve. Shade the area between his supply curve and the market price for his rectangle.
Neha: Since the market price is below Neha's supply curve, she will not sell a tablet at this price. Leave her rectangle in its original position on the graph.
Sam: The market price of $175 is above Sam's supply curve. Shade the area between his supply curve and the market price for his rectangle.
To determine the number of sellers willing to sell a tablet and the total producer surplus at a market price of $175:
Count the number of shaded rectangles. In this case, there are three shaded rectangles (Juanita, Lorenzo, and Sam).
The total producer surplus is the sum of the shaded areas. Measure the width of each shaded rectangle and multiply it by the height (market price) to calculate the area. Add up the areas of the three shaded rectangles to find the total producer surplus.
To shade the areas representing producer surplus at the new market price of $275:
Gilberto: Leave his rectangle in its original position since he will not sell a tablet at the new market price.
Juanita: Since the new market price of $275 is below Juanita's supply curve, she will not sell a tablet at this price. Leave her rectangle in its original position.
Lorenzo: The new market price of $275 is above Lorenzo's supply curve. Shade the area between his supply curve and the new market price for his rectangle.
Neha: Leave her rectangle in its original position since she will not sell a tablet at the new market price.
Sam: The new market price of $275 is above Sam's supply curve. Shade the area between his supply curve and the new market price for his rectangle.
To determine the number of sellers willing to sell a tablet and the total producer surplus at the new market price of $275:
Count the number of shaded rectangles. In this case, there are two shaded rectangles (Lorenzo and Sam).
The total producer surplus is the sum of the shaded areas. Measure the width of each shaded rectangle and multiply it by the height (new market price) to calculate the area. Add up the areas of the two shaded rectangles to find the total producer surplus.
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