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Tomtit [17]
3 years ago
12

Beta Cleaning Equipment Corp. has started the actual design and development of a new floor buffing machine. It has the details o

f manufacturing, marketing, and operations of the new product as well. According to the stage-gate process, what is the next stage of this project?
(A) Formation of a focus group to make sure the product meets user expectations
(B) Development of a business case to justify the project
(C) Launch of the product by producing it commercially and selling it
(D) Verification and validation of the new product and its marketing and production
Business
1 answer:
cestrela7 [59]3 years ago
4 0

Answer:

Letter A is correct.<em> Formation of a focus group to make sure the products meets user expectations.</em>

Explanation:

Using a focus group is an essential tool for an organization developing a new product that needs market research. The focus group is made up of a group of participants who come together for the purpose of analyzing a product or service marketing campaign and providing feedback on it.

There is a moderator responsible for listing questions about what is being reviewed, and ensuring that everyone contributes ideas and opinions. Companies typically use a variety of focus groups in different locations to ensure diversification of demographics, consumer behavior, purchasing history, and other relevant variables.

The biggest benefits seen from the focus group are: digital marketing tactics and rebranding.

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On january 1, a company issued and sold a $460,000, 3%, 10-year bond payable, and received proceeds of $456,000. interest is pay
Bad White [126]

To find the carrying value of the bonds after the first interest payments, we need to do the calculations to find the interest ..

Calculation of Interest:-

Cash interest payment of $ 6,900 ( 1.5% x $ 460,000) at the end of each semiannual period during the bonds life of 10 years… ( 3% / 2 = 1.5%)

That is $ 6,900 is paid for every six months say from Jan 30th to June 30 and June 30 to Dec 31……

So, every year we will pay $ 13,800 ( $ 6,900 + $ 6,900 ) for 20 periods ( two payments are made for every year, so for 10 years , we need to make the interest payment for 20 periods…)

Now lets amortize a bond discount.. (Amortizing is nothing but paying back

Straight Line Method… This method allocates an equal portion of the total bond interest expense to each interest period .

We divide the total bond interest expense of $ 142,000 by 20

This gives the interest expense of $ 7,100 per period. ( $ 6,900 interest + $ 200 Discount)

Interest Computation

Amount repaid to bondholders

20 interest payments of $ 6,900 = $ 138,000

Par value at maturity =$ 460,000

_________

Total repaid to bondholders = $ 598,000

Less:- Amount borrowed from bondholders = $ 456,000

__________

Total bond interest expenses = $ 142,000

__________

The following table shows the decrease in Discount on bonds payable account and the increase in the bonds carrying value ( Straight line method)

This is the summarization of Discount bond Straight Line amortization..

Semiannual period –end Unammortized Discount Carrying Value

(0) 1 / 30 $ 4,000 $ 456,00

(1) 6 / 30 $ 3,800 $ 456,200

(4,000 -200) ( 456,00+200)

The carrying value of the bonds after the first interest payment is $ 456,200

8 0
2 years ago
During the current year, sales on account were $306,673, collections on account were $290,750, write-offs of bad debts were $7,0
sweet-ann [11.9K]

Answer:

  • 1-a. Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values. Disregard income tax considerations.

Accounts Rec T-Account  

$ 306.673 Debit

$ 290.750 Credit

$ 7.059    Credit

$ 8.864    Debit Balance

Allowance for Doubtful Accounts T-Account  

$ 7.059 Debit

$ 4.775 Credit

$ 2.284 Debit Balance

  • 1-b. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the income statement for the current year.

$ 4.775   Dr Bad Debt Expense

  • 1-c. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the balance sheet for the current year.

$ 2.284    Dr (Debit) Allowance for Uncollectible Accounts

$ 8.864    Dr (Debit) Accounts Receivable                        

Explanation:

  • Initial Balance

Dr Accounts Receivable  $ 306.673

 

  • Write-offs of bad debts  

Cash $ 290.750

Cr Accounts Receivable  $ 290.750

 

  • Write-offs of bad debts  

Dr Allowance for Uncollectible Accounts $ 7.059

Cr Accounts Receivable  $ 7.059

 

  • Bad debt expense adjustment  

Dr Bad Debt Expense $ 4.775

Cr Allowance for Uncollectible Accounts $ 4.775

 

  • 1-b. Complete the amounts related to Accounts Receivable and  

Bad Debt Expense that would be reported on the INCOME STATEMENT for the current year  

Dr Bad Debt Expense $ 4.775

 

  • 1-c. Complete the amounts related to Accounts Receivable and  

Bad Debt Expense that would be reported on the BALANCE SHEET for the current year.  

Dr Allowance for Uncollectible Accounts $ 2.284

Dr Accounts Receivable  $ 8.864

6 0
3 years ago
Consider the borrowing rates for Parties A and B. A wants to finance a $100,000,000 project at a FIXED rate. B wants to finance
QveST [7]

Answer:

party A will pay floating rate while party B will pay fixed rate

Explanation:

For A

Sources at floating rate = prime 1%

received fixed rate = 8.9%

For B

sources fixed rate = 8.9%

Received floating rate = prime 1%

For a mutually beneficial interest only swap that makes money for A,Band the swap bank in equal measure, the party A will pay floating rate while party B will pay fixed rate

4 0
3 years ago
You want $1.5M to retire in 45 years. You have $15,000 today. If you can deposit the funds in a money market account which earns
sleet_krkn [62]

Answer:

$10,020

Explanation:

The computation of the large amount that should be deposited is shown below:

Future value of annuity is

= Annuity × [(1+rate)^time period-1] ÷ rate

= Annuity × [(1.045)^45-1] ÷ 0.045

= Annuity  × 138.8499651

Future value = Present value (1  +interest rate)^number of years  

where

= $15,000 × (1.045)^45

Now

The  total future value: is

$1,500,000 = $15,000 × (1.045)^45 + Annuity × 138.8499651

$1,500,000 = ($15,000 ×7.24824843) + Annuity × 138.8499651

Annuity  = ($1,500,000 - $108,723.7264) ÷ 138.8499651

= $10,020

4 0
2 years ago
Emotional intelligence (ei) is critical to effective leadership because one of its core components is ________, which reflects t
Lorico [155]
The core component that is critical to effective leadership in the emotional intelligence is empathy. Empathy is where an individual engages understanding towards the feelings of others in which is considered critical as leaders will be more understanding and emotional when exposed to situations.
3 0
3 years ago
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