BUSINESS HIGH SCHOOL

George, a chef and owner of a popular restaurant, is always visiting his competition to observe how they are doing things in their restaurants. he told one of his managers that "i do this because i want to know what is going on. i am always concerned that one of our competitors will surprise us with a new service or menu item like us, but better." george is utilizin

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Answer 1
Answer:

George is utilizing competitive intelligence. This is a strategy in which the individual made use of gathering, defining and as well as analyzing their customers, competitors or products by means of helping improve his or her own business and to make strategic decisions that would be best for one’s business or company.


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COLLEGE

Hammaker Corp. began operations in 2016 and reported taxable net income of $10 million and $4 million in 2016 and 2017, respectively. In 2018, Hammaker reports a net operating loss (NOL) of $16 million, and elects to carry back that NOL to the extent possible. The tax rate for the years 2016 through 2018 is 35%, but the enacted tax rate for 2019 and later years will be 40%. As part of year-end adjusting entries, what total tax benefit will Hammaker record as a result of the 2018 NOL? (A) $5,700,000
(B) $4,900,000
(C) $6,400,000
(D) $5,600,000

Answers

Answer:

Option (A) is correct.

Explanation:

Given that,

Taxable net income in 2016 = $10 million

Taxable net income in 2017 = $4 million

In 2018,

Net operating loss (NOL) = $16 million

Tax rate for the years 2016 through 2018 = 35%

Enacted tax rate for 2019 and later years = 40%

Total tax benefit as a result of the 2018 NOL:

= (sum of Taxable net income in 2016 and 2017) × tax rate + (16,000,000 - 14,000,000 × tax rate)

= (10,000,000 + 4,000,000) × 35% + (2,000,000 × 40%)

= $5,700,000

HIGH SCHOOL

Information silos arise when entities at one organizational level in a company create information systems that meet only their particular needs. A. True.
B. False

Answers

AnswerA. :True

Explanation:

Information silos is the restrictions of information flow in an organization either through a system that restricts information to a particular department or deliberately not sharing information among the different departments.

It prevents making effective use of information which can slow work pace and eventually affects overall outputs

HIGH SCHOOL

Suppose that an economy produces only two types of goods. At a given year, it makes 70,973 units of good A which sells at $9 a unit and 64,928 units of good B which sells at $7 per unit. What is the nominal GDP of this economy for that year?

Answers

Answer:$1,093,253

Explanation:

GDP is the sum of all final goods and services produced in an economy in a given year.

Nominal GDP is calculated using current year prices.

Nominal GDP = (70,973 × $9)+(64,928 × $7) =$454,496 + 638,757 =$1,093,253

HIGH SCHOOL

Peavey enterprises purchased a depreciable asset for $28,500 on april 1, year 1. the asset will be depreciated using the straight-line method over its four-year useful life. assuming the asset's salvage value is $3,300, what will be the amount of accumulated depreciation on this asset on december 31, year 3? $6,300 $25,200 $5,250 $21,000 $17,325

Answers

Answer is $17,325. Since the salvage value of the asset after its four years of useful life is $3,300 while its current purchase value is $28,500; we need to depreciate the difference over 4 years. That us $25,200 to be depreciated over 4 years using a straight line method. At December 31 of year 3, the asset will be 2.75 years old(2 years, 9 months). Hence the accumulated depreciation is $25,500*(2.75/4). This is $17,325.
HIGH SCHOOL

Last year, lucy purchased a $100,000 account receivable for $90,000. during the current year, lucy collected $97,000 on the account. what are the tax consequences to lucy associated with the collection of the account receivable? no subsequent collections are expected

Answers

None of the above.
RATIONALE: The amount collected is $7,000 ($97,000 - $90,000) more than Lucy's basis in the
receivable.
HIGH SCHOOL

The process of benchmarking against an organization’s established norm, which may be based on best practice, state or national standards, or some combination of these thresholds, helps the organization determine whether its processes fall within the acceptable standard deviations of the norm. When items fall outside the norm this signals that _____. A PI project may be appropriate
The organization must contact their accrediting organization immediately to report this
The organization is on target
The organization should benchmark against hospitals that are located at a greater distance

Answers

Answer:

The correct answer is A.  a PI project may be appropiate.

Explanation:

Benchmarking is a continuous and systematic process that makes a comparative evaluation of products or services in organizations that show best practices in a given area, with the aim of transferring knowledge of best practices and their application.

Benchmarking should not be confused with espionage or competition, so the concepts of best practices and area of interest should be very clear. In this sense, for the organization it becomes an appropriate process, since it allows you to know to what extent it may be convenient to consider the actions against the established norm.

COLLEGE

Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle? (You may select more than one answer. a. Note payable due in 18 months.
b. Bank debt due in 5 years.
c. Loan due in 18 months.
d. Portion of long-term note due in 1 month.
e. Portion of long-term note due in 10 months.
f. Wages payable due in 7 days.

Answers

Answer:

The correct answer are D, E and F

Explanation:

Current liabilities are the short-term obligations of the company or the business which are due within the period of one year or within a operating cycle. An operating cycle states the cash conversion cycle, which is the time taken by the company to purchase the inventory and then convert the inventory into cash through sales.

The items which can be classified as Current Liabilities are portion of the long term note which is due in 1 month, wages payable due in 7 days and  portion of the long term note which is due in 10 months.

MIDDLE SCHOOL

Which of the following statements is correct? a.) Cars typically lose the most value in the first year after purchase.
b.) Houses will always appreciate in value over the long-term.
c.) Both A & B
d.) Neither A nor B

Answers

Correct statement is A, Cars typically lose the most value in the first year after purchase.

The above statement is true, because car manufacturing companies launch their new models every year and the price of the last year model drops significantly. Because people prefer new model over the old one. So the demand of the old model decreases and thus the prices drops within the first year of the launch of the car.

Cars typically lose the most value in the first year after purchase.

HIGH SCHOOL

One of the major influences on building partnering relationships in personal selling is​ _______, composed of personal standards resulting in decisions made about​ what's right and wrong.

Answers

Answer: The correct answer is "Character".

Explanation: The character is the set of traits, qualities or circumstances that indicate the nature of a thing or the way of thinking and acting of a person, and by which it is distinguished from others.

So, one of the major influences on building partnering relationships in personal selling is​ character, composed of personal standards resulting in decisions made about​ what's right and wrong.

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