Answer:
<em>The correct answer is:</em> incorporates financial and nonfinancial measures in an integrated system.
Explanation:
The balanced scorecard can be defined as an approach to measuring and managing an organization's performance.
Because it is a flexible method, it can be adapted to different companies and situations.
The method uses financial and non-financial measures in an integrated system so that managers can monitor and control by means of indicators whether the planning outlined for the company is actually being effective for the achievement of objectives and goals. In the balanced scorecad, the indicators are analyzed from 4 perspectives: <u>Financial, Customer, Internal Processes and Learning and Growth.
</u>
This method assists in a more active management, aimed at a greater vision of business systems and the possibility of managing strategic actions so that the company remains competitive and innovative in the long run.
<span>Implicit Cost Explicit Cost
The wholesale cost for the pianos that Darnell pays the manufacturer $452,000
The salary Darnell could earn if he worked as an accountant $48,000
The wages and utility bills that Darnell pays $301,000
The rental income Darnell could receive if he chose to rent out his showroom $38,000
B.
Profit ($)
Accounting Profit 842,000 - 452,000 - 301,000 = 89,000
Economic Profit 842,000 - 452,000 - 301,000 - 48,000 - 38,000 = 3,000
C. Economic Profit as an accountant = 48,000 + 38,000 - 89,000 = -$3,000. Thus, Darnell should stay in the Piano business to maximize the Economic Profit.</span>
Answer:
a-The present value of revenue in the first year is $61,085.92.
b-The total time it would take to pay for its price is 2.44 years of 29.33 months.
Explanation:
a-
Let the function of the revenue earned is given as
![S(t)=\left \{ {{66000t+38000} {\ \ 0The present value is given as [tex]PV=\int\limits^a_b {S(t)e^{-rt}} \, dt](https://tex.z-dn.net/?f=S%28t%29%3D%5Cleft%20%5C%7B%20%7B%7B66000t%2B38000%7D%20%7B%5C%20%5C%200%3C%2Fp%3E%3Cp%3EThe%20present%20value%20is%20given%20as%20%3C%2Fp%3E%3Cp%3E%5Btex%5DPV%3D%5Cint%5Climits%5Ea_b%20%7BS%28t%29e%5E%7B-rt%7D%7D%20%5C%2C%20dt)
Here
- a and b are the limits of integral which are 0 and 1 respectively
- r is the rate of interest which is 5% or 0.05
- S(t) is the function of value which is
![S(t)=\left \{ {{66000t+38000} {\ \ 0So the equation becomes[tex]PV=\int\limits^0_1 {S(t)e^{-0.05t}} \, dt\\PV=\int\limits^{0.5}_0 {(66000t+38000)e^{-0.05t}} \, dt+\int\limits^{1}_{0.5}{(71000)e^{-0.05t}} \, dt\\PV=\int\limits^{0.5}_0 {(66000t)e^{-0.05t}} \, dt+\int\limits^{0.5}_0 {(38000)e^{-0.05t}} \, dt+\int\limits^{1}_{0.5}{(71000)e^{-0.05t}} \, dt\\PV=8113.7805+18764.4669+34207.6751\\PV=61085.9225](https://tex.z-dn.net/?f=S%28t%29%3D%5Cleft%20%5C%7B%20%7B%7B66000t%2B38000%7D%20%7B%5C%20%5C%200%3C%2Fli%3E%3C%2Ful%3E%3Cp%3ESo%20the%20equation%20becomes%3C%2Fp%3E%3Cp%3E%5Btex%5DPV%3D%5Cint%5Climits%5E0_1%20%7BS%28t%29e%5E%7B-0.05t%7D%7D%20%5C%2C%20dt%5C%5CPV%3D%5Cint%5Climits%5E%7B0.5%7D_0%20%7B%2866000t%2B38000%29e%5E%7B-0.05t%7D%7D%20%5C%2C%20dt%2B%5Cint%5Climits%5E%7B1%7D_%7B0.5%7D%7B%2871000%29e%5E%7B-0.05t%7D%7D%20%5C%2C%20dt%5C%5CPV%3D%5Cint%5Climits%5E%7B0.5%7D_0%20%7B%2866000t%29e%5E%7B-0.05t%7D%7D%20%5C%2C%20dt%2B%5Cint%5Climits%5E%7B0.5%7D_0%20%7B%2838000%29e%5E%7B-0.05t%7D%7D%20%5C%2C%20dt%2B%5Cint%5Climits%5E%7B1%7D_%7B0.5%7D%7B%2871000%29e%5E%7B-0.05t%7D%7D%20%5C%2C%20dt%5C%5CPV%3D8113.7805%2B18764.4669%2B34207.6751%5C%5CPV%3D61085.9225)
So the present value of revenue in the first year is $61,085.92.
b-
The time in which the machine pays for itself is given as
The present value is set equal to the value of machine which is given as
$160,000 so the equation becomes:
So the total time it would take to pay for its price is 2.44 years of 29.33 months.
Answer:
e.
Explanation:
it's imperative to move first in markets influenced by network effects.
Because, the ability to reach larger numbers of people depend on the effect of network coverage.
Answer:
The three examples of lighting are;
1. General lighting
2. Task lighting
3. Accent lighting
Explanation:
Lighting involves the use of electricity to serve a function. When designing a room, the type of lighting is important in achieving specific aesthetic purposes. The three examples of lighting are; General, task and accent lighting. They are further explained below;
1. General lighting
General lighting is usually meant to illuminate an entire room. It is supposed to make all corners of the room visible in it's entirety. It usually of a soft and flat nature to ensure that it looks as natural as possible. It;'s major function is to get one safely from one point to another. It's not meant for highlighting things on the space, rather the room should be viewed as one homogeneous space. A room of ambient light should give a warm feeling of relaxation especially after a stressful day. It allows the pupils to slightly dilate and also brings the mood of relaxation. Most yoga sessions usually prefer the use of ambient lighting during meditation. The following lights can be used to cause ambient light, namely; chandeliers, pendants, track, recessed and ceiling.
2. Task lighting
Task lighting usually covers a smaller area to illuminate that particular portion of the room. It is a much narrower and more concentrated type of light. Sometimes referred to as office lighting, this type of lighting works well one trying to concentrate on a specific task. They are majorly used when conducting activities that require a lot of attention that requires one to see more clearly. The tasks can include; sewing, reading, cooking and writing. The task lighting is always effective when it is brighter than the general lighting in a room. When the lighting in the room is brighter than the task lighting, it causes a shadowy effect that affects visibility. Task lighting improves alertness by stimulating your brain to be more active and notice even finer details of your work. The following fixtures can assist in creating task lighting, namely; swing arm lamps, pendants, under cabinet and vanity.
3. Accent lighting
Accent lighting is a special type of concentrate light that serves two purposes. Accent lighting serves to illuminate specific objects or points in a room that are interesting while trying to shadow the dull parts of the same room. Accent lighting adds more flavor and drama to specific objects in a room and is mostly used on objects such as; art work, pieces of furniture, decorative book display and wall decorations. Accent lighting brings a mood of importance and sophistication towards the objects being highlighted. It is majorly used in museums, art shows and buildings with historical meaning. To create accent lighting, the following lights are recommended; Recessed, Wall lights, Landscape and Track.
