Develop new products. Innovative companies understand that in order to grow, they must continue to develop new products and services. "No executive today is unaware of the strategic need for winning new products," writes Robert G. Cooper in his book, Product Leadership: Creating and Launching Superior New Products. "And so the pressure is on virtually every leadership team to deliver great new products. The new corporate motto is 'innovate or die.'"
Learn how to delegate. "As organizations grow increasingly complex, duties and responsibilities across the workforce can become less well defined," writes Robert Heller in How to Delegate. "Often it seems as though everyone is doing everyone else's job. Delegation is the manager's key to efficiency, and benefits all." In other words, in order to scale the business, a CEO needs to learn how to delegate so he or she can focus on the company's bigger picture issues.
Answer:
Total stockholders equity = $118,000
Explanation:
Novak Corp.
Balance sheet (stockholders' equity section)
As a December 31 20YY
Stockholders' equity
Common stock ($12 per, 5,500 share issued) = $66,000
Paid-in Capital in Excess of Par Value - Common stock = $19,000
Less: Treasury Stock (500 shares) = ($11,000)
Shares outstanding (5000 shares) = $74,000
Retained Earnings = $44,000
Total stockholders equity = $118,000
Answer:
The new machine should not be purchased.
Explanation:
initial outlay = -$3,700 + $1,000 = -$2,700
cash flow years 1-4 = $700
discount rae = 8%
Using a financial calculator, the NPV = -$381.51
Since the NPV is negative, the new machine should not be purchased.
Answer:
A. pivot rightward (pivot out) along the horizontal axis
Explanation:
Tea and coffee represent substitute goods. If price of a good increases, this causes an increase in quantity demanded of it's substitute.
In the given case, quantity demanded of tea is measured on horizontal axis while quantity demanded of coffee is measured on vertical axis. The budget constraint for tea and coffee shows different combinations of quantity of tea and coffee demanded within a fixed expenditure.
When price of coffee increases, within the same budget constraint, the quantity demanded of tea shall rise.
This would lead to the budget constraint to pivot rightward (pivot out) along the horizontal axis.
Answer:
b. 16% defectives
Explanation:
Let the number of units shipped be N
Let the defect rate be y%
Cost of replacing defectives once shipped = (y/100)×N× 2.5 ........equation (1)
Cost of 100% inspection = N × 0.4 .........equation (2)
At the indifference point, both costs, that is the replacement cost and inspection cost are equal. Therefore, we make both equations (1) and (2) equal.
N × 0.4 = (y/100)×N× 2.5
100 × 0.4 = y ×2.5
y = 40/2.5 = 16
She is indifferent at 16% defectives
