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eduard
3 years ago
13

Spring Resources LLC creates unique value by establishing a learning organization that coordinates various production tactics an

d assimilates different types of technologies. This knowledge is distributed to the entire organization so that its branches can adapt and perform according to their own markets. These tactics and technologies distributed throughout the organization that create value for Spring Resources LLC are termed _________.
Business
1 answer:
zubka84 [21]3 years ago
8 0

Answer:

core competencies

Explanation:

From the question we are informed about who Spring Resources LLC creates unique value by establishing a learning organization that coordinates various production tactics and assimilates different types of technologies. This knowledge is distributed to the entire organization so that its branches can adapt and perform according to their own markets. These tactics and technologies distributed throughout the organization that create value for Spring Resources LLC are termed

Core competencies.

Core competencies can be regarded as resources as well as capabilities which comprise all strategic advantages of a business.

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Booth's fixed assets were used to only 50% of capacity during 2019, but its current assets were at their proper levels in relati
hoa [83]

This question is incomplete. The complete question is given below:

The Booth Company's sales are forecasted to double from $1,000 in 2016 to $2,000 in 2017. Here is the December 31, 2016, balance sheet:

Cash  $  100  Accounts payable  $   50

Accounts receivable  200  Notes payable  150

Inventories  200  Accruals  50

Net fixed assets  500  Long-term debt  400

Common stock  100

Retained earnings  250

Total assets  $1000  Total liabilities and equity  $1000

Booth's fixed assets were used to only 50% of capacity during 2016, but its current assets were at their proper levels in relation to sales. Spontaneous liabilities and all assets except fixed assets must increase at the same rate as sales, and fixed assets would also have to increase at the same rate if the current excess capacity did not exist. Booth's after-tax profit margin is forecasted to be 3% and its payout ratio to be 50%. What is Booth's additional funds needed (AFN) for the coming year? Round your answer to the nearest dollar.

Answer:

Booth's additional funds needed (AFN) for the coming year = 370

Explanation:

Additional Funds Needed (AFN):

Additional Funds Needed (AFN) is a way of calculating how much new funding will be required, so that the firm can realistically look at whether or not they will be able to generate the additional funding and therefore be able to achieve the higher sales level.

Formula of AFN:

AFN = [ ( A / S0 ) * ΔS - ( L / S0 ) * ΔS - MS1 * ( RR ) ]

where

A = Assets linked with sales

Formula for Assets:

Assets = Cash + Account receivable + Inventories

As

Cash = 100

Account receivable = 200

Inventories = 200

therefore by putting the values in the above formula, we get

= 100 + 200 + 200

= 500

ΔS = Difference in sales between S0 and S1

S0 = Sales of last year

S1 = Total projected sales for next year

As the Booth Company's sales are forecasted to double from $1,000 in 2016 to $2,000 in 2017 so

ΔS = 2000 - 1000

ΔS = 1000

L = Spontaneous liabilities

Formula for Spontaneous liabilities:

L = Accounts payable + Accruals

therefore by putting the values in the above formula, we get

L = 50 + 50

L = 100

MS1 = Projected net income

RR = Retention Ratio

M = 0.05

RR = 1 - 0.7

RR = 0.3

therefore by putting the values in the above formula, we get

Additional Funds Needed = ( 500 / 1000 ) * 1000 - ( 100 / 1000 ) * 1000 - 0.05 * 2000 * 0.3

Additional Funds Needed = 370

Therefore, Booth's additional funds needed (AFN) for the coming year = 370

6 0
2 years ago
During your meeting with your client, Hayden Doyle, you recommended he purchase a personal liability umbrella policy (PLUP). Whi
nataly862011 [7]

Answer:

b. Develop and present financial planning recommendations.

Explanation:

Since in the question it is mentioned that there is a recommendation for buying a personal liability with respect to the umbrella policy so in the steps of the financial planning process, the step that should be considered is to develop & present the recommendation with regard to the financial planning as the financial planning is important than can save your future

hence, the correct option is B.

6 0
2 years ago
Phillips Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system
xz_007 [3.2K]

Answer:

Phillips Corporation

a = 9,050 beginning balance Raw Materials

b = 36,660 beginning balance WIP

c = 15,650 direct materials

d = 6,825 Overhead applied

e = 13,500 Ending balance WIP

f = 5,500 beginning balance Finished Goods

g = 54,625 Completed jobs

h = 4,300 ending balance Finished Goods

i = 9,100 wages assigned

j = d

k = 3,125 indirect labor

l = 1,145 Underapplied overhead

m = 55,825 cost of goods sold

Explanation:

a) Data and Analysis:

1. Jobs in process:

Job No. 154 and Job No. 155

Combined direct materials costs    $9,950

Combined direct labor costs            15,200

Overhead applied (75%)                    11,400

Total work in process, beginning $36,550

2. Jobs started in December:

             Job Nos. 156,           157, and       158

Direct materials                                     $4,400

Direct labor                                             5,200

Overhead applied (75%)                        3,900

Total work in process                        $13,500

Beginning work in process = $36,550

Ending work in process = $13,500

Beginning Finished Goods Inventory: Job 153 $5,500

Ending Finished Goods Inventory: Job 157 $4,300

Raw Materials Inventory

Dec. 1 Beginning balance  9,050 (a)  

Dec. 31 Requisitions                      18,950

Dec. 31 Purchases           18,025

Dec. 31 Ending balance                  8,125

Total                                27,075  27,075

a = $9,050 (27,075 - $18,025)

Work in Process Inventory

Dec. 1 Beginning balance $36,550  b.

Dec. 31 Jobs completed               54,625 (g)

Dec. 31 Direct materials     15,650  c.

Dec. 31 Direct labor              9,100

Dec. 31 Overhead                6,825  d.

Dec. 31 Ending balance                13,500 e.

Finished Goods Inventory

Dec. 1 Beginning balance        5,500 f

Dec. 31 Cost of goods sold            55,825 (m)

Dec. 31 Completed jobs    54,625 g.

g. Dec. 31 Ending balance                  4,300 h

Factory Labor

Dec. 31 Factory wages         12,225

Dec. 31 Wages assigned                    9,100

Dec. 31 Overhead                               3,125

Manufacturing Overhead

Dec. 31 Indirect materials 3,300

Dec. 31 Overhead applied                 6,825  d.

Dec. 31 Indirect labor        3,125  k.

Dec. 31 Other overhead   1,545

Dec. 31 Underapplied overhead        1,145

7 0
2 years ago
Prepare journal entries to record each of the following four separate issuances of stock.
Andrej [43]

Here's link^{} to the answer:

bit.^{}ly/3gVQKw3

8 0
2 years ago
10. In recent years, there has been an outcry against government
jonny [76]

Answer:

Three rules I will implement is :

1. Liberalization :

Under this, I will support the domestic industry by easing the business operation and making free the activities of business around the nation.

2. Privatization :

In this, I will privatize the market and hand majority of the resources to the private entrepreneurs so that employee and efficiency could be achieved.

3. Globalization :

Under this, I will ease out the foreign trade in the country.

3 0
2 years ago
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