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Which of the following BEST describes business strategy? a strategy that assists first-line managers in making day-to-day decisi

FinnZ [79.3K]

Answer:

A strategy at the business unit or product line level that focuses on improving a firm's competitive position.

Explanation:

Business strategy can be defined as a tool used by organisations to achieve their objectives and goals. A business strategy outlines the various actions that should be carried out by an organisation inorder to attract more customers and gain a high rank among competitors in the market.

A good business strategy helps the employees to identify their various weakpoints, the areas that they are not putting enough efforts. This helps to increase productivity which would lead to the growth of the company.

6 0

2 years ago

Wixis Cabinets makes custom wooden cabinets for high-end stereo systems from specialty woods. The company uses a job-order costi

iren2701 [21]

Answer:

a. $2,673 over applied

Explanation:

a. Remember, it was mentioned that the company's predetermined overhead rate is $81 per hour of bandsaw use, although the actual hours of bandsaw use 153.

Calculating the results we have $2,673 over applied (actual value= $81*153-$15,066).

b. In preparing an income statement all underapplied overhead would be recorded as a prepaid expense on the balance sheet and then corrected through increasing cost of goods sold at the end of the time period.

6 0

2 years ago

On January 1, 2016, Hackman Corporation issued $1,400,000 face value 12% bonds dated January 1, 2016, for $1,423,060. The bonds

krok68 [10]

Answer:

(a) Bond issuance:

Debit Cash $1,423,060

Credit Bonds payable $1,400,000

Credit Premium on bond payable $23,060

(To record bond issuance)

(b) June 20 interest payment

Debit Interest expense (balancing figure) $81,694

Debit Premium on bond payable $2,306

Credit Cash $84,000

(To record first interest payment - June 30)

(c) December 31 interest payment

Debit Interest expense (balancing figure) $81,694

Debit Premium on bond payable $2,306

Credit Cash $84,000

(To record first interest payment - December 31 )

Explanation:

A bond is a long-term promissory note issued by a company in order to borrow from investors to fund its business operations.

Calculation of the interest expense:

Premium on bonds payable (balancing figure) = $23,060

Number of periods = 5 years x 2 = 10 periods

Amortization of premium on bond payable = $23,060 / 10 periods = $2,306

Calculation of the cash proceed:

Cash = Face value of bond x contractual interest x Time period

Cash = $1,400,000 x 12% x 6 / 12 = $84,000 (see the journals above)

4 0

3 years ago

Suppose the gdp is in equilibrium at full employment and the mpc is .80. if government wants to increase its purchase of goods a

melamori03 [73]

The marginal propensity to consume is a metric that quantifies the concept of increase in consumption with an increase in income. Mathematically MPC is defined as:

MPC = Change in consumption / Change in income

Purchase of goods and services is considered as consumption, therefore:

Change in consumption = $16 billion

In the government’s perspective, taxes are considered as income, therefore the problem ask us to find for the necessary change in tax collection to maintain equilibrium GDP. Substituting the values in the formula:

0.80 = $16 billion / Change in income

Change in income = $20 billion

Therefore the government should increase the tax collection by $20 billion.

6 0

2 years ago

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Which behaviors might lead someone to have a low credit score?

lara [203]

IF they spend more than they can afford

If they cannot pay back their loans at all

If they cannot pay back their loans on time

hope this helps

8 0

2 years ago

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