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Marat540 [252]
3 years ago
11

Nancy just graduated with her B.A. in marketing. Her long-term goal is to run a social media department for a large company. She

has been offered a one year unpaid internship to be a social media assistant in the marketing department for a small company.
Is the internship a stepping stone to Nancy's long-term goal?

a. No, because she will be an assistant.

b. Yes, because she will build social media skills.

c. Yes, because it is only for one year.

d. No, because she will not earn a salary.
Business
2 answers:
Vsevolod [243]3 years ago
4 0

Answer:

b. Yes, because she will build social media skills.

Explanation:

In the case of Nancy, recently graduated in marketing, her long-term goal, which is to manage a social media department for a large company, will be achieved through her skills and abilities, but she has achieved an internship in the area in which she wants to work. in the future, even in a small, unpaid business, it will give Nancy essential subsidies to achieve her long-term goal.

Therefore, she will develop social media skills, because in order to work in a large company as she wishes, Nancy needs to have experience and business experience in practice, as large companies are looking for qualified professionals both in academic training and in practical experience. The internship will give her the opportunity to get to know the environment in which she wants to work, to confirm her long-term goal and, above all, to develop and prepare for her future goals.

den301095 [7]3 years ago
3 0

Answer:

b. Yes, because she will build social media skills.

Explanation:

In this scenario Nancy's long term goal is to manage a social media department of a large company. She now hot an internship as a social media assistant in a small company.

The internship that she is undertaking bin the short run is relevant to the her long term career goal of managing a social media department in a large firm.

So this is a stepping stone in achieving her long term goal.

In the future when a social media opening comes up she will have the relevant experience to perform in this role.

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Coffman Company sold bonds with a face value of $1,080,000 for $1,020,000. The bonds have a coupon rate of 9 percent, mature in
Neko [114]

Answer:

Coffman Company

Journal Entries:

January 1 - Sale of Bonds

Debit Cash Account with $1,020,000

Debit Bonds Discount with $60,000

Credit Bonds Payable with $1,080,000

To record the sale of 9% bonds at a discount.

June 30:

Debit Interest on Bonds with $48,600

Credit Cash Account with $48,600

To record payment of interest on June 30.

Explanation:

1. Bonds as a financing source can be issued at par value, premium, or discount.  It is issued at a discount when the interest rate is less than the market rate.  The purpose of issuing them at a discount is to attract investors to purchase the bonds, which will be repaid at the par value.

2. Interest for the half-year was calculated as follows: $1,080,000 x 9%/2 since the interest is payable semiannually.  This implies that the effective semiannual interest rate is 4.5%.

3 0
3 years ago
Funtime Quadcopters plans to sell a standard quadcopter ​(toy drone) for $ 55 and a deluxe quadcopter for $ 85. Funtime purchase
brilliants [131]

Answer:

  • <u>Funtime must sell 510 standard quadcopters and 340 deluxe quadcopters every month to breakeven.</u>

<u></u>

  • <u>Funtime must sell 840 standard quadcopters and 560 deluxe quadcopters to earn $ 7,700 monthly.</u>

Explanation:

<u>A. To breakeven, the revenue must equal the total costs.</u>

<u>1. Write the expresssion of revenue</u>

Revenue = price × number of units

Revenue from standard quadcopter

    Naming s the number of standard quadcopters sold:

  • $55 × s = 55s

Revenue from deluxe quadcopter

    Naming d the number of deluxe quadcopters sold:

  • $85 × d = 85d

Total revevue:

  • 55s + 85d

<u />

<u>2. Write the expression of cost</u>

Purchase price of standard quadcopters

  • $45s

Purchase price of deluxe quadcopters

  • $65d

Fixed  monthly expenses

  • $11,900

Total cost:

  • 45s + 65d + 11,900

<u>3. Relation between number of deluxe quadcopters and standard quadcopters</u>

Two deluxe quadcopters for every three standard quadcopters

  • d = (2/3)s

<u>4. Substitute d with (2/3)s in the expressions, writhe the equation and solve</u>

Revenue = 55s + 85(2/3)s

Cost = 45s + 65(2/3)s + 11,900

Revenue = Cost

  • 55s + 85(2/3)s - 45s - 65(2/3)s - 11,900 = 0

Multiply the equation by 3, to eliminate the denominators:

  • 165s + 170s - 135s - 130s - 35,700 = 0

Add like terms and add 35,700 to both sides

  • 70s = 35,700

Divide by 70

  • s = 510

Substitue s in d = (2/3)s

  • d = (2/3)510 = 340.

Therefore, Funtime must sell 510 standard quadcopters and 340 deluxe quadcopters every month to breakeven.

<u>B. To earn $7,700</u>

Profit = revenue - cost

  • 7,700 = 55s + 85(2/3)s - 45s - 65(2/3)s - 11,900

Add 11,900 to both sides

  • 19,600 = 55s + 85(2/3)s - 45s - 65(2/3)s

Mutliply the equation by 3:

  • 58,800 = 165s + 170s - 135s - 130s

Do the operations:

  • 58,800 = 70s

  • s = 58,800 / 70 = 840

d = (2/3)840 = 560

Hence, Funtime must sell 840 standard quadcopters and 560 deluxe quadcopters to earn $ 7,700 monthly.

6 0
2 years ago
Suppose that Manuel, an economist from a university in Arizona, and Poornima, an economist from a nonprofit organization on the
MrMuchimi
I believe that the answer to the question provided above is that <span> households would change their saving behavior enough in response to this to make a difference, since everyone has their choice of saving or not.</span>
Hope my answer would be a great help for you.    If you have more questions feel free to ask here at Brainly.

4 0
3 years ago
What does productivity measure for a business?
Sphinxa [80]

Answer:

A. Its efficiency in creating its product



Explanation:

Productivity describes various measures of the efficiency of production. Often, a productivity measure is expressed as the ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time

3 0
2 years ago
Read 2 more answers
Wieters Industries manufactures several products including a basic case for a popular smartphone. The company is considering ado
Sav [38]

Answer:

Wieters Industries

a. Activity Rates:

Machine setup =    $250

Inspection =              300

Materials receiving   140

b. The activity-based unit cost of the smartphone case is:

= $13.04

Explanation:

a) Data and Calculations:

Activity             Activity Overhead $   Cost Driver      Cost Driver Quantity

Machine setup             $200,000        # of setups                   800

Inspection                      120,000       # of quality tests           400

Materials receiving      252,000       # of purchase orders   1,800

Total overhead costs  $572,000

Activity Rates:

Machine setup =    $250 ($200,000/800)

Inspection =              300 ($120,000/400)

Materials receiving   140 ($252,000/1,800)

Budgeted data for smartphone case production:

Direct materials $2.50 per unit

Direct labor $0.54 per unit

Number of setups 92

Number of quality tests 400

Number of purchase orders 50

Production 15,000 units

Overhead Applied to Smartphone Case:

Number of setups 92 * $250 =             $ 23,000

Number of quality tests 400 * $300 =    120,000

Number of purchase orders 50 * $140 =   7,000

Total overhead applied =                      $150,000

Overhead per unit = $10 ($150,000/15,000)

Unit Cost of Smartphone Case:

Direct materials per unit  $2.50

Direct labor per unit        $0.54

Overhead per unit         $10.00

Total unit cost =             $13.04

6 0
2 years ago
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