The Differentiation strategy is used by the investment firm in standing out in the industry.
<h3>What is Michael Porter
strategy? </h3>
A strategy is defined by Porter as a competitive position that is deliberately chosen as a different set of activities to deliver a unique mix of value.
The Generic Strategies model of Michael Porter includes:
- Cost Leadership
- Differentiation
- Focus.
These strategy are important because they provide an options for organizations to gain competitive advantage.
In conclusion, the Differentiation strategy is used by the investment firm in standing out in the industry.
Read more about Porter strategy
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Answer:
Miller's retained earnings on December 31, 2016 is $9,000,000.
Explanation:
Miller's retained earnings on 31 December 2016 = retained earnings on January 1, 2016 + net income - declared dividends
= $8,000,000 + $1,500,000 - $500,000
= $ 9,000,000
Therefore, Miller's retained earnings on December 31, 2016 is $9,000,000.
Answer:
False
Explanation:
Retained earnings can be defined as the amount of money or income left after a firm or organization as paid out it dividends to their shareholders.
Retained earnings are also an organisation's profit which they retained or keep and this earning is reinvested for other purposes. Such purposes include: Future expansion of the the organization. Retained earnings are a form of liability to a firm.
Funds acquired by the firm through retained earnings (similar to their free cash flow), have cost attached to them. This is because the cost of retained earnings is equivalent to rate of return on re-investment of dividends of shareholders that is paid by the organization. Hence, retained earnings is equivalent to the cost of equity.
Answer:
The adjusting entry is shown below.
Explanation:
According to the scenario, the given data are as follows:
Estimated depreciation for year = $4,300
So, the adjusting entry for depreciation is shown below:
Adjusting Entry
Dec.31
Depreciation expense A/c Dr. $4,300
To Accumulated Depreciation-Equipment A/c $4,300
(Being the Depreciation expense is recorded)
Answer:
An income statement under absorption costing includes all of the following:
Direct materials
Direct labor
Variable overhead
Fixed overhead
Explanation:
The difference between the income statement under the absorption costing system and the income statement under the variable costing system is in how the cost of goods sold and the ending inventory are evaluated. Whereas, absorption costing includes all the costs incurred in determining these costs, variable costing only includes the variable costs in the cost of goods sold and the ending inventory.
