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3 years ago

Based on the case, you might describe the generic strategy of Allegiant Airlines as:__________.

Business

1 answer:

Dmitry [639]3 years ago

4 0

Answer:

Based on the case, you might describe the generic strategy of Allegiant Airlines as:__________.

Cost Focus.

Explanation:

Allegiant Airlines, in its strategy, does not try to provide cost leadership to the airline industry. But it offers low prices for passenger tickets for its specific routes. This implies that the low cost that it offers is focused on a narrow niche market because this niche will provide it with competitive advantage in the industry. Allegiant Airlines also employs some competitive pricing schemes, which have made it difficult for new and upcoming businesses to enter their niche market. Allegiant also sells flights from other airlines on its site. This tactical move increases customers' awareness of its dominance as a low fare service.

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Fair value changes are not recognized in the accounting records. b. Financial information is presented so that investors will no

Kay [80]

Answer:

a. Historical Cost Principle = All the assets are recorded at their historical cost except the short term investments.

b. Full Disclosure Principle = All the details of the financial conditions of the company shall be stated properly.

c. Expense recognition principle = All expenses shall be recorded properly, and the cost of intangible assets shall be charged as expense during its useful life as amortisation expense.

d. Industry practice and fair value principle = As stated in (a) also, all short term investments shall be valued at fair value, as crops are their stock it is an industry practice in agricultural sector to record crops at fair value.

e. Economic Entity assumption = The owner of a business and that his business are two different legal persons, as income of business is computed and assessed separately and that the income of the owner is assessed separately.

f. Full Disclosure Principle = As there is a time gap in closing the actual financial year on 31 December and preparing the balance sheet, several transactions which are considered to be of important aspect for the people concerned are disclosed in the balance sheet as events after the balance sheet but before the reporting date.

g. Revenue Recognition principle = Revenue shall only be recorded when the entire risk is transferred to the buyer, and that only the payments are left to be received.

h. Full Disclosure Principle = Again all the financial statements shall disclose all the material facts as for investors interests the full disclosure principle is followed.

6 0

4 years ago

Analysis of market share is a key to understanding the firm's:

Alik [6]

Analysis of market share is a key to understanding the firm's:

O a. competitive environment.

O b. demographic strengths.

O c. social and cultural environment.

O d. technological environment

answer is A

8 0

3 years ago

Live Trap Corporation received the data below for its rodent cage production unit. OUTPUTINPUT 50,000 cagesProduction time 620la

kenny6666 [7]

Answer:

Please see explanations below

Explanation:

Total productivity : Units sold

50,000 / [(620 × $7.5) + $30,000 + $15,530]

= 50,000 / [(4,650 + $45,530)]

= 50,000 / 50,180

= 1.0 unit sold per dollar input

Total productivity : Dollars of sales

(50,000 × $3.5) / [(620 × $7.5) + $30,000 + $15,530

= $175,000 / [($4,650) + $45,530

= $175,000 / $50,180

= 3.50 dollars in sales per dollar input

8 0

3 years ago

The Internal Revenue Service (IRS) provides a toll-free help line for taxpayers to call in and get answers to questions as they

kondor19780726 [428]

Complete question is;

The Internal Revenue Service (IRS) provides a toll-free help line for taxpayers to call in and get answers to questions as they prepare their tax returns. In recent years, the IRS has been inundated with taxpayer calls and has redesigned its phone service as well as posting answers to frequently asked questions on its website (The Cincinnati Enquirer, January 7, 2010). According to a report by a taxpayer advocate, callers using the new system can expect to wait on hold for an unreasonably long time of 14 minutes before being able to talk to an IRS employee. Suppose you select a sample of 50 callers after the new phone service has been implemented; the sample results show a mean waiting time of 12 minutes before an IRS employee comes on line. Based upon data from past years, you decide it is reasonable to assume that the standard deviation of waiting times is 10 minutes. Use a = 0.05.

a. State the hypotheses.

b. What is the p-value (to 4 decimals)?

c. Using a = 0.05, can you conclude that the actual mean waiting time is significantly less than the claim of 14 minutes made by the taxpayer advocate

Answer:

A) Null hypothesis; H0: μ ≥ 14

Alternative hypothesis; Ha: μ < 14

B) P-value ≈ 0.0793

C) The p-value is less than the significance value and thus we will fail to reject the null hypothesis and conclude that the evidence is not sufficient to reject the claim that the actual mean waiting time is significantly less than the claim of 14 minutes made by the taxpayer advocate

Explanation:

We are given;

Population mean time; μ = 14

Sample mean time; x¯ = 12

Population size; n = 50

Standard deviation; σ = 10

A) Let's state the hypotheses;

Null hypothesis; H0: μ ≥ 14

Alternative hypothesis; Ha: μ < 14

B) Let's first find the test statistic from the formula;

z = (x¯ - μ)/(σ/√n)

z = (12 - 14)/(10/√50)

z = -1.41

From online p-value from z-score calculator attached using; z = -1.41: α = 0.05 and one tailed hypothesis, we have;

P-value ≈ 0.0793

8 0

3 years ago

Which of the following should be disclosed in the balance sheet or the notes to the financial statements? A : amount of deprecia

Damm [24]

Answer:

The correct option is (D)

Explanation:

The balance sheet reflects the position of an organization in terms of assets and liabilities as on a particular date. All crucial financial information like methods of inventory valuation, depreciation method valuation of intangible assets cannot be reported in balance sheet. These are reported in notes to financial statements or footnotes.

Depreciation and amortization expense are reported on the asset side of balance sheet as a deduction from gross value of depreciable property to arrive at net value.

Asset balances are also reported in the balance sheet. Depreciation and amortization methods are reported in footnotes or notes to financial statements.

Therefore, all answer options are correct.

8 0

3 years ago