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Vlad [161]
3 years ago
14

Some years ago, chemists at 3M Corporation were trying to create a super-strong glue. Somehow they got their molecules twisted a

nd came up with one of the weakest glues ever made. But, rather than pouring it down the drain, they tried coating some paper with it, and the "Post-It Note" was born. In this case, 3M was acting as 1) utility. 2) rationer. 3) entrepreneur.4) abstraction
Business
1 answer:
yulyashka [42]3 years ago
4 0

Answer: an entrepreneur

Explanation: An entrepreneur refers to a person  who have an extensive knowledge about the industry that is enough to grab the opportunities that arise. These are the people that are smart enough to do every activity in a different way which is better and smarter.

In the given case, even after the failure of the initial objective of the process the company used the failed research for their advantage. This was possible because they had knowledge about the industry and the needs of the consumers.

Hence from the above we can conclude that the correct answer is entrepreneur.

You might be interested in
Toy Town is considering a new toy that will cost $49,100 in startup costs. The toy is expected to produce cash flows of $47,500
Tasya [4]

Answer:

NPV with a 14.9% discount rate: 6,329.06

The toy should be produced as the NPV is positive.

IRR = 26.65%

Explanation:

First we calculate for the NPV using the given discount rate of 14.9%

We will calculate the present value of each year cash inflow:

\frac{inflow}{(1 + rate)^{time} } = PV  

Year 1 cash inflow: 47,500.00

time   1.00

rate  0.149

\frac{47500}{(1 + 0.149)^{1} } = PV  

PV   41,340.30

Year 2 cash inflow:  18,600.00

time   2.00

rate  0.149

\frac{18600}{(1 + 0.149)^{2} } = PV  

PV   14,088.76

Then, we add them and subtract the investment to get NPV

NPV = 14,088.76 + 41,340.3 - 49,100 = 6,329.06

The toy should be produced as the NPV is positive.

Now for the IRR

That is the rate at which NPV equals zero we can solve for this using the quadratic equation as there are only two cash flow:

Year 1 will discount at (1+IRR)

Year 2 will be discount at (1+IRR )^2

So we can express and recreate the quadratic formula:

18,600 X^2 + 47,500 X - 49,500 = 0

A = 18,600

B = 47,500

C = -49,100

x_1 = \frac{-b+\sqrt{b^{2} -4ac}}{2a}\\x_2 = \frac{-b -\sqrt{b^{2} -4ac}}{2a}

We can solve and get:

x1 =  0.78957

x2 = -3.3433

We take the positive value.

and now solve for IRR

\frac{1}{1+ IRR} = 0.78957\\IRR = \frac{1}{0.78957} -1

IRR = 0,2665121 = 26.65%

This will be the IRR for the project.

4 0
3 years ago
JTM Ltd incurs costs of $16 per unit ($12 variable, $4 fixed) for a widget it sells for $22. JTM has received two special offers
Mademuasel [1]

Answer:

We must analyze the potential benefits of choosing one order or the other one:

Current JTM costs:

  • $12 variable per unit
  • $4 fixed per unit

If JTM accepts Firm A's order its fixed costs will not vary and it will be able to increase its profits by: ($17 - $12) x 10,000 = $50,000

Since JTM doesn't have the capacity to fulfill Firm B's order with their current cost structure, if it decides to take it, its variable or fixed costs (we don't know which) will probably increase, so its contribution margin will no longer be $5, as with Firm A's order, but will probably be lower. We are not told by how much the costs would increase.

The third alternative is to accept Firm B's offer and not sell 2,000 units through its normal distribution channels, but that would result in an increase in profits but also loss of normal profits:

($5 x 14,000 units) - ($6 x 2,000 units for the lost normal profits) = $70,000 -  $12,000 = $58,000. If JTM is able to cancel the sale of 2,000 units, then Firm B's offer would increase its profits by $58,000, $8,000 more than Firm A's order, but it depends on its ability to cancel or not the normal sales.

3 0
3 years ago
When Rosalyn comes into the office, she speaks to no one, shuts her door, and is rarely seen again until lunch. She supervises a
nika2105 [10]

Answer:

When Rosalyn comes into the office, she speaks to no one, shuts her door, and is rarely seen again until lunch. She supervises a team of 12 people though. Carmelita has a new idea she would like to share with management, but is unsure if she should take it to Rosalyn. How would you describe this upward communication?

Option B: lacking trust

Explanation:

Upward communication is the process of information or communication channel methods flowing from the front-line or lower levels employees of a hierarchy to transfer messages the upper levels, to managers, like Rosalyn, supervisors and directors. This type of communication is becoming more popular in organizations as traditional forms of communication are becoming less popular but these channels may face significant barriers for employees attempting to send feedback or other communication to higher-level management as trust involves knowing that a partner has your best interest at heart and manager as Rosalyn may not be prompting employee´s trust not having an "open door policy" which enables trust among her employees. It is hard to feel safe and secure when you are involved with someone who would betray your trust. Not only is trust important, but a lack of trust, distrust, doubt, doubtfulness, dubiety, dubiousness, incertitude, question, skepticism, suspicion, uncertainty, wonder leeriness, suspicion and lack of conviction or certainty often leads to lying, deception or unwillingness which makes subordinates not to send the information to their superior willingly. Manager who are not open cause fear of inefficiency therefore, the communication system may be disrupted.

Upward communication helps employees to express their requirements, ideas, and feelings. For the top management, upward communication is an important source of information for business decisions. It helps in alerting top management about the requirement of changes in an organisations.

6 0
3 years ago
Ratchet Manufacturing anticipates total sales for August, September, and October of $200,000, $210,000, and $220,500 respectivel
Pavel [41]

Answer:

The amount of accounts receivable which is to be reported on the company's budgeted balance sheet for August is $150,000

Explanation:

For computing the account receivable balance for the august month, the following adjustment is required which is shown below:

= August sales × credit sale percentage

where,

August sale is $200,000

And, the credit sale percentage is 75% because 25% is cash sale and the remaining 75% is a credit sale

So,

the accounts receivable would be equals to

= $200,000 × 0.75

= $150,000

Hence, the amount of accounts receivable which is to be reported on the company's budgeted balance sheet for August is $150,000

4 0
3 years ago
The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $14,000 Current assets $3
Sav [38]

Answer:

The sustainable growth rate is 16.52%

Explanation:

To compute the substantial growth rate, first, we have to calculate the retention ratio. The formula to compute the retention ratio is shown below:

= 1 – payout ratio

= 1 – 0.16

=0.84 or 84%

Now, we use the formula of substantial growth rate which is shown below:

= (Return on equity × retention ratio) ÷ { 1 -  (Return on equity × retention ratio)}

where,

Return on equity = (Net income ÷ total equity) × 100

                            = ($3,640 ÷ $21,560) × 100

                            = 16.88%

= (16.88% × 84%) ÷ ( 1 -  16.88% × 84%)

= 0.141792 ÷ (1 -  0.141792 )

= 0.141792  ÷ 0.858208

= 0.1652 or 16.52%

8 0
3 years ago
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