Answer:
Which one of the following statements about competitive advantage sources is true?
It is feasible to enhance both quality and speed.
Explanation:
Enhancing quality while simultaneously increasing speed is achievable; competitive advantage leads to improvements in quality due to competition from other entities, as well as a faster pace to surpass rivals.
Answer:
- No, he will not accumulate sufficient funds to purchase his delivery truck after 6 years.
Explanation:
To determine how much money Earl Miller—the owner of the Papa Gino's franchise—will have available in 6 years, it's necessary to assess the worth of the $20,000 he plans to invest at a 5% interest rate compounded semiannually:
With semiannual interest: 5% / 2 = 0.05/2 = 0.025
Equation:
Here, r/n was calculated previously: r/n = 0.05/2 = 0.025; and t refers to the time in years: 6.
Thus, the future value of the investment would fall short of the truck's price, meaning
he will not be able to afford the delivery truck after 6 years.
Answer:
The Answer is C.
Explanation:
Why do I lean towards C? Let’s dissect it.
First and foremost, your goal is to foster a "greater sense of fairness among your employees".
This eliminates option A right off the bat. If workers are performing well and you seek justification to issue lower evaluations, it simply won't succeed, and employees will resist this, resulting in unnecessary conflicts.
Option Bseems quite absurd from my perspective! Asking employees to file grievances because the company lacks sufficient funds? When has that ever worked? Unless filing grievances magically makes the company able to pay more!
You could choose Option Dand avoid the entire situation, but that doesn’t solve anything, right? Therefore, we can disregard this as well.
Option C emerges as the most rational choice, since it involves conducting the evaluation honestly and subsequently providing a genuine explanation to your employees.
Answer: Which option below illustrates a decision related to managing working capital? B. choosing between paying cash immediately for a purchase or utilizing the supplier’s offered credit.
Explanation: Working capital deals with short-term assets and liabilities. Deciding on the payment method for a purchase involves considering the overall financial objective connected to the transaction. This approach ensures the payment choice aligns optimally with the company’s financial strategy.
The Merchandise Inventory account includes costs related to purchased goods, shipping and handling fees, transit insurance, and storage expenses.
Explanation:
Merchandise inventory consists of finished goods available for resale to consumers.
It encompasses all items that a company owns and intends to sell.
A merchandise enterprise:
- Generates net income by purchasing and selling merchandise
- Can acquire products from manufacturers to sell to retailers
- May also buy from manufacturers and sell directly to end-users
- Can operate as either a wholesaler or a retailer
Classified as a current asset, the Merchandise Inventory is vital for tracking.
The Merchandise Inventory account includes costs associated with purchases, shipping fees, preparation costs and handling expenses.
