Answer:
Biomimicry.
Explanation:
"Closed-loop" production seeks to integrate what is presently waste back into production. In an ideal situation, the waste of one firm becomes the resource of another, and such synergies can create eco-industrial parks. This principle is often referred to as biomimicry.
Biomimicry can be defined as a technological-oriented systems or model which is typically focused on the application of nature's elements or processes, and lessons into proper use for the purpose of solving real-life problems. Some examples of biomimicry are Tree-climbing robot mimics inch worms, Gecko climbing feet, Bird skull shoe, Armadillo backpack etc.
Answer:
Explanation:
The adjusting entries are shown below:
A. Interest expense A/c Dr $370
To Interest Payable $370
(Being accrued interest adjusted)
B. Accounts receivable A/c Dr $1,830
To Service revenue A/c $1,830
(Being unbilled amount recorded)
C. Salary expense A/c Dr $900
To Salary Payable $900
(Being earned salaries are recorded)
Answer:
$70,200
Explanation:
Given that,
Cost of material purchased = $21,000
Direct labor cost = $18,000
Total overhead = $32,000
Opening and closing balances in the month of July.
Cost of goods sold for July:
= Cost of material purchased + Direct labor cost + Total overhead + (Opening material + opening work in process + opening finished goods - Closing material - Closing work in process - Closing finished goods)
= $21,000 + $18,000 + $32,000 + ($6,200 + $700 + 3,300 - 7,100 - 1,200 - 2,700)
= $70,200
Answer:
(1) Net income is reduced / decreased by $725
(2) Free cash flow is increased by $254
Explanation:
<u>Before Change</u>
Sales = 11250
-operating cost = 4500
-Depreciation = <u> 1250</u>
Net income before interest and tax = 5500
-Interest Expense = <u> 228</u>
Net income before tax = 5272
-Tax 35% = 5272 x 35% = <u> 1845</u>
Net income after interest and Tax = 3427
Free cash flow = CFO = Net Income before interest and Tax (1-Tax rate) + non-cash expenses – increase in non-cash net working capital.
CFO = 5500 (1-0.35) + 1250 – 2000 = 2825
<u>After Change</u>
New Depreciation = 1250 + 725 = 1975
Revise Net Income = 5500 + 1250 - 1975 = 4775
Effect on Net Income = 5500 - 4775 = Reduce / decrease by $725
Revised Free cash flow = Revised CFO = 4775 (1-0.35) + 1975 - 2000
Revised CFO = 3079
Effect on Free cash flow = 3079 - 2825 = increased by $254
Answer:
Explanation:
The case study about the decision making ability of Stan Eagle from the beginning of the set up of the company till the time he faced problem after its inception. Stan Eagle who runs a skate company was losing money when he and his partner Pete Williams combined the business of clothing with the business of selling skateboards. Stan’s partner decided to sell other types of sports equipment which he thought will generate more revenues for the company. But Stan was disturbed as he thought it was better to focus on sports that they had most expertise and believed there was a way to bring out profit from those sports. This disturbance led Stan to become confused on whether to listen to his friend or move on with his own decision and eliminate Williams his partner from the business by buying his shares.
Question:
How do the characteristics of management decisions – uncertainty, risk, conflict, and lack of structure – affect the decision facing Stan Eagle?
A. Uncertainty
Uncertainty is a state whereby a decision maker have insufficient information on the consequences of his actions. For Stan Eagle, this uncertainty was a cause for worry whether or not the company will succeed or not as he has no expertise about the new product line. Even if he enters the market with the new products, there is a doubt on how well he can manage the new business as he knows nothing about these sports. Thus, there is a big question whether or not he will make profit from it. The company will surely be operating under conditions of uncertainty with the lack of adequate information and cannot estimate accurately about the results of his actions.
B. Risk
Risk is when the probability of an action being successful is less than 100 percent. If the decision is wrong, one may lose money, time, reputation or other important assets. Thus, accepting William’s proposal is a huge risk to take. It is a fact that risk takers are admired, the reality is that good decision makers prefer to manage risk and minimize it. Stan should accept that decisions have risky consequences, but he should do everything he can to anticipate minimize and control the risk.
C. Conflict
Stan experienced psychological conflict when William offers a new idea for their product line. The conflict happens when he has to deliberate on whether the option is attractive or not. Also, conflict arises between people in the company, Stan and William are partners and they both have different opinions thus bringing forth conflicts between them.
D. Lack of structure
In the case of Stan Eagle, he encountered a non – programmed decision. Stan Eagle's Company faced a dilemma whether it should or should not invest in the new product lines. The idea proposed by Pete Williams is a new area for the company and Eagle has no expertise or experience in this line of business.