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3 years ago

The united states' first large business bureaucracies began within which industry?

1 answer:

7 0

The United States' first large business bureaucracies began within which industry? A bureaucracy is a large organization of appointed officials. These members are chosen to represent the group at large until otherwise removed. Patronage is the first bureaucracy that began in 1789 that Thomas Jefferson served on.

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A company known for its high-quality watches and clocks introduces a line of well-designed pocket watches to increase its market

timama [110]

Answer: Market Cannibalization

Explanation: The pocket watch line is having the market cannibalization which is also known as the corporate cannibalism effect on the company's wrist watches.

Market Cannibalization refers to a reduction in sales of a particular old product which is usually as a result of a company's introduction of a new product.

The introduction of the new product displaces the older products mostly because both products have thesame customer base and also perform similar functions.

It is essential to note that despite the increase in sales of the new product, the company's market share experiences no increase but a decrease which is due to the sales loss of the older product.

8 0

3 years ago

Both Bond Sam and Bond Dave have 10 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has three y

Softa [21]

Answer:

The percentage change in the price of Bond Sam is -4.917%

and

The percentage change in the price of Bond Dave is -14.621%

Explanation:

As both bonds are priced at par, hence the existing interest rate is equal to the coupon rate of 10%

Now increase the interest rate by 2%

Interest rate = 10% + 2% = 12%

Now use 12% to calculate the prices of both bonds by using the following formula

P = [ C x ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Bond Sam

F = Face value = $1,000

C = Periodic coupon payment = $1,000 x 10% x 6/12 = $50

r = Periodic interest rate = 12% x 6/12 = 6%

n = Numbers of periods = 3 years x 12/6 = 6 periods

Placing values in the formula

P = [ $50 x ( 1 - ( 1 + 6% )^-6 ) / 6% ] + [ $1,000 / ( 1 + 6% )^6 ]

P = $245.87 + $704.96

P = $950.83

Bond Dave

F = Face value = $1,000

C = Periodic coupon payment = $1,000 x 10% x 6/12 = $50

r = Periodic interest rate = 12% x 6/12 = 6%

n = Numbers of periods = 18 years x 12/6 = 36 periods

Placing values in the formula

P = [ $50 x ( 1 - ( 1 + 6% )^-36 ) / 6% ] + [ $1,000 / ( 1 + 6% )^36 ]

P = $731.05 + $122.74

P = $853.79

Now calculate the percentage change

Bond Sam

Percentage Change = [ ( $950.83 - $1,000 ) / $1,000 ] x 100 = -4.917%

Bond Dave

Percentage Change = [ ( $853.79 - $1,000 ) / $1,000 ] x 100 = -14.621%

3 0

3 years ago

Noah Construction Company is building a large complex for a contract price of $5,000,000. This is a three-year project and the r

Zepler [3.9K]

Answer:

$625,000

Explanation:

Calculation for how much income is recognized in Year 3

First step

Year 1 2 3

Cost incurred Till date

1000 (1000+1500)2500 (2500+1250)3750

Estimated cost to complete

3000 1500 0

Total cost of contract

4000 4000 3750

Second step

Using this formula to calculate for the percentage of completion for each year

Percentage of completion =Cost incurred till date /Total cost

Let plug in the formula

Yeat 1= 1,000/4,000 =25%

Year 2= 2,500/4,000 =62.5%

Year 3=3,750/3,750 =100%

Last step

Year 1 2 3

Contract price 5000 5000 5000

Less:Total cost (4000) (4000) (3750)

Gross profit 1000 1000 1250

Percentage of completion

25% 62.5% 100%

Gross profit to be recognized till date (1000*25%)=250 (1000*62.5%)=625 (1250*100%)=1,250

Less:Gross profit recognized till prior year

0 -250 -625

Gross profit to be recognized in current period

250 375 625

Hence;

Year 1 Gross profit is $250,000

Year 2 Gross profit is $375,000

Year 3 Gross profit is $625,000

Therefore the amount of income recognized in year 3 will be $625,000

8 0

3 years ago

The opening balance of Accounts Receivable for George Company was $25,000. Net sales (all on account) for the year amounted to $

Katena32 [7]

Answer:

5.7 times

Explanation:

Computation of George Company accounts receivable turnover for the year.

First step

Net sales - Amount collected on Account receivable

$200,000-$180,000

=$20,000

Thus,

Opening Balance of Accounts Receivable

$25,000+$20,000

=$45,000

Second step is to calculate for Account Receivable Turnover

$200,000 ÷ [($25,000 + $45,000) ÷ 2]

$200,000÷($70,000÷2)

$200,000÷$35,000

= 5.7 times

Therefore the accounts receivable turnover for the year will be 5.7 times

6 0

4 years ago

What happens to the stock price when the repurchase is announced? Would you expect the price to increase to $90? Explain briefly

ycow [4]

Answer:

The answers are no commitment, the price will not increase to 90 dollars, and there is no additional stock-price increase.

Explanation:

The anoucement of a share repurchase is not a commitment to continue repurchases, so the information content of a repruchase annoucement is less stronger, so the stock value may not increase as much.

The value of any information in the announcement should be priced immediately into the stock. Thus, there should not be any additional stock-price increase.

6 0

3 years ago