Inspiration came to brothers Shep and Ian Murray, then in their 20s, when they started meeting for lunch and complaining about how they disliked their desk jobs and the business suits and ties that went with them. They decided to go into business for themselves and settled on a product they knew nothing about: neckties. If they sold enough ties, they reasoned, they could stop wearing them.

Today, more than 15 years later, Connecticut-based Vineyard Vines has grown into a multimillion-dollar business. Those familiar with the firm's success credit the Murrays' understanding of their customers' needs and their determination to make customers happy. The brothers say they're interested in dressing people not merely to go to work but rather to "take some fun to work." Their company sells clothes, but also a carefree lifestyle image that many people want to adopt.

For instance, one of Shep and Ian's first decisions, when they quit their jobs and began selling ties out of their cars, was to create whimsical designs that reflected the happy summers they spent on Martha's Vineyard while growing up. Thus was born the sporty vacation theme that runs through all their bright pastel designs, featuring lobster pots, sailboats, whales, crabs, and sports paraphernalia such as tennis racquets, golf balls, and hockey sticks. Customers who would rather be sailing, swimming, golfing, or fishing are quickly drawn to these lighthearted images and the lifestyle they conjure up.

1. By understanding its customers' needs, which marketing management philosophy is Vineyard Vines utilizing?

a. Sales orientation

b. Production orientation

c. Societal marketing orientation

d. Market orientation

2. Vineyard Vines recently partnered with First Insight to utilize online social engagement tools to gather sentiment analysis and real-time data from its customers. Using the information gathered, Vineyard Vines will be able to quickly make product and pricing decisions, which will allow it to improve sales and margins online and in brick-and-mortar locations. This is an example of _______.

a. customer relationship management (CRM)

b. employee empowerment

c. customer satisfaction

d. customer value

3. When asked about lessons they have learned from starting their own business, Shep and Ian shared this: "…it's essential to empower the people around you—your team, customers, partners, vendors—believing in them 100%." This statement best reflects _______.

a. tools the organization uses to achieve its goals

b. those to whom the product is directed

c. the firm's business

d. the organization's focus

Answers

Answer 1

1. By understanding its customers' needs, Vineyard Vines is utilizing market orientation.

2. This is an example of customer relationship management (CRM) as Vineyard Vines will be able to quickly make product and pricing decisions.

3. This statement best reflects the organization's focus.

The right answers are d, a and d.

Finding out what customers want and need, and creating products and services to meet those needs, is a top focus in the "market orientation" business philosophy. Market-oriented companies prioritise customer feedback and demand when conducting research and development (R&D) for new products.

A system called customer relationship management (CRM) is used to manage all interactions and connections among the clients of your business. The obvious objective is to strengthen the connections for business. CRM programmes assist businesses in maintaining contact with clients, streamlining procedures, and boosting revenue.

The correct answers are options d, a and d.

Know more about CRM here

https://brainly.com/question/31083989

#SPJ4


Related Questions

What is the importance of smoothing consumption according to the economy?

Answers

Smoothing consumption is important for the economy because it helps to maintain stable consumer spending patterns over time. This can be beneficial for both individuals and businesses, as it reduces the volatility of the economy and can help to prevent recessions and other economic downturns.

In addition, smoothing consumption can help to increase overall economic growth by encouraging investment and innovation. When consumers are able to plan their spending more effectively, businesses can make more accurate predictions about future demand and adjust their operations accordingly.

This can help to stimulate economic growth by creating new jobs, increasing consumer spending, and driving innovation and technological development. Smoothing consumption is therefore a key factor in the health and stability of any modern economy.

To know more about Smoothing consumption click here:

https://brainly.com/question/32344896

#SPJ11

Myca Corporation has a project with the following cash flows. What is the value of the cash flows today assuming an anual interest rate of 8.8 percent? Year 1234 2 Cash Flow $1,580 1,940 2,220 2,230

Answers

Therefore, the value of the cash flows today is $7,863.06 assuming an annual interest rate of 8.8 percent.

When we talk about finance, a cash flow is a record or statement that tracks the amount of cash or cash equivalents moving in and out of a business over time.

The term 'cash flow' is frequently used to describe three different but equivalent concepts: Net cash flow, Free cash flow, Operating cash flow . In this scenario, we are working with net cash flows, which are cash inflows minus cash outflows for a particular period. The calculation of net present value (NPV) involves determining the present value of future cash flows. Future cash flows must be estimated, and the discount rate used to estimate them must be determined.

What is the value of the cash flows today assuming an annual interest rate of 8.8 percent?

Year 1 Cash Flow $1,580

Year 2 Cash Flow $1,940

Year 3 Cash Flow $2,220

Year 4 Cash Flow $2,230

To determine the present value of cash flows, we use the formula;

PV = CF1 / (1 + r)1 + CF2 / (1 + r)2 + CF3 / (1 + r)3 + CF4 / (1 + r)4

Where: PV = Present Value, CF = Cash Flow, r = Discount Rate,

Year 1: $1,580/(1+0.088)¹ = $1,454.11

Year 2: $1,940/(1+0.088)² = $1,702.11

Year 3: $2,220/(1+0.088)³ = $1,849.51

Year 4: $2,230/(1+0.088)⁴ = $1,857.33

Adding the four discounted cash flows will give us the present value of the cash flows today.

PV = $1,454.11 + $1,702.11 + $1,849.51 + $1,857.33PV = $7,863.06

to know more about cash flow visit:

https://brainly.com/question/27994727

#SPJ11

Question # 02:
Loss intimated amount : Rs. 575,000/=
Sum insured: Rs. 1,500,000/=
Following information available for calculation of assessed value;
1- Market value of asset at the time of insurance arrangement Rs. 1,700,000/=
2- Market value of asset at the time of loss Rs. 500,000/=
3- Depreciation: 5% of loss amount
4- Deductible: Rs. 25,000/= each and every loss
5- Salvage value: 30,000/=

Requirement: Calculate Assessed loss.

Answers

For the given set of information, the assessed loss is Rs. 945,000/

The term "assessed loss" refers to the calculated value or sum decided by an insurance company or another party with authority to represent the monetary loss or damage incurred by the insured party as a result of an insured event. It represents the assessed or evaluated value of the loss after taking into account various elements, including the asset's market value at the time of the loss, depreciation, deductibles, salvage value and other pertinent factors.

Actual Loss = Sum Insured - Market Value at the time of loss

Actual Loss = Rs1,500,000 - Rs500,000

Actual Loss = Rs1,000,000

Depreciation = 5% of Actual Loss

Depreciation = 0.05 × Rs1,000,000

Depreciation = Rs50,000

Net Loss = Actual Loss - Salvage Value - Deductible

Net Loss = Rs1,000,000 - Rs30,000 - Rs.25,000

Net Loss = Rs.945,000

Learn more about assessed loss at:

brainly.com/question/31200739

#SPJ4

After being observed many times, Bevarly Demarr, a hospital lab analyst, had an average observed time for blood tests of 10 minutes. Beverly’s performance rating is 105%. The hospital has a personal, fatigue, and delay allowance of 18%. a.) The normal time for this process = __minutes (round your response to one decimal place) b.) The standard time for this blood test = minutes (round your response to one decimal place)

Answers

Given: Average observed time for blood tests = 10 minutes Performance rating of Beverly = 105%Personal, fatigue, and delay allowance = 18%

We are to calculate: Normal time for this process and Standard time for this blood test.

(a) Normal time = Average observed time / Performance rating⇒ Normal time = 10 / 1.05⇒ Normal time = 9.5238⇒ Normal time = 9.5 minutes (rounded to one decimal place)

(b) Standard time = Normal time / (1 - Personal, fatigue, and delay allowance)⇒ Standard time = 9.5 / (1 - 0.18)⇒ Standard time = 11.5854⇒ Standard time = 11.6 minutes (rounded to one decimal place)

Therefore, the normal time for this process is 9.5 minutes, and the standard time for this blood test is 11.6 minutes (rounded to one decimal place).

To know more about allowance visit:

https://brainly.com/question/30547006

#SPJ11

Two reasons why it is important for a chocolate manufacturing company(or any company) to develop new products?

Answers

Two offer more product
I don’t know ................

Project L requires an initial outlay at t = 0 of $45,000, its expected cash inflows are $11,000 per year for 8 years, and its WACC is 13%. What is the project's payback? Round your answer to two decim

Answers

Project L will have a payback period od 4.09 years . The concept of payback is the period of time that it will take to recoup the initial investment for a project. It is calculated by dividing the initial outlay of a project by the expected annual cash flows.

The formula for payback period is as follows:

Payback period = Initial investment / Annual cash inflows

For Project L, the initial outlay is $45,000 and the expected cash inflows are $11,000 per year for 8 years. Therefore, the payback period is:

Payback period = $45,000 / $11,000 per year

Payback period = 4.09 years

Rounding to two decimal places, the payback period for Project L is 4.09 years.

Learn more about payback period https://brainly.com/question/23149718

#SPJ11

Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..

Answers

Answer:

A. Traditional model

Explanation:

The strategic planning model refers to methods used by companies in setting goals, making decisions and implementing them within their organizations. The traditional or basic model is used by companies with no clearly defined methods of operation. They begin by defining the mission and vision of the company and develop ways to achieve these goals.

They monitor the goals they have set overtime to evaluate the progress they have so far made. The organizations adopting this model might have never done extensive projects before.

One of the main tips to manage successful global assignment is by providing your employees the right training before the task being assigned. Suggest one training that is needed to prepare an employee for global assignment and discuss critically the systematic training process for the training that you have suggested.(500 words)

Answers

One of the main tips to manage a successful global assignment is by providing your employees with the right training before the task is assigned. One training that is needed to prepare an employee for global assignment is cultural training.

This training provides an individual with the necessary skills and knowledge to understand, respect, and interact with people from different cultures.

This training is important because when an employee is working in a foreign country, they may experience culture shock, communication barriers, and different work ethics and practices.

Therefore, cultural training prepares an employee to adapt to the new environment and be effective in their job.

Read more about Cultural training.

https://brainly.com/question/28168767

#SPJ11

The IF for the future value of an annuity is 11.436 at 10% for 8 years. If we wish to accumulate $19,000 by the end of 8 years, how much should the annual payments be? Use Appendix C to calculate the

Answers

Using Appendix C or a financial calculator, we can calculate the value of $19,000 divided by 11.436 to find the annual payment amount.

To find the annual payments needed to accumulate $19,000 by the end of 8 years, we can use the future value of an annuity formula:

FV = P × IF,

where FV is the desired future value, P is the annual payment, and IF is the interest factor.

Given:

FV = $19,000,

IF = 11.436.

Substituting these values into the formula, we have:

$19,000 = P × 11.436.

To solve for P, divide both sides of the equation by 11.436:

P = $19,000 / 11.436.

Using Appendix C or a financial calculator, we can calculate the value of $19,000 divided by 11.436 to find the annual payment amount.

Assuming you have access to Appendix C or a financial calculator, please perform the calculation to find the exact annual payment amount.

To know more about  annuity  visit:

https://brainly.com/question/32931568

#SPJ11

What is the term for a legally-binding document outlining the terms and conditions of a business transaction?

Answers

Answer:

A contract.

Explanation:

The first step in the incorporation procedure is to a. hold the first organizational meeting. O b. begin conducting business. O c. elect a board of directors d. select a state in which to incorporate.

Answers

The first step in the incorporation procedure is to D) select a state in which to incorporate.

Incorporation is the process of creating a legal entity separate from its owners. The entity could be a corporation, a limited liability company, or a non-profit corporation. It is essential to select the state to incorporate, as different states have different requirements for incorporating. The factors to consider when selecting a state include the business structure, taxes, and laws governing corporations.

The business structure determines the state where the company incorporates. For instance, a corporation can incorporate in any state, but a limited liability company must incorporate in its home state. The tax implications in each state can also affect the state's decision to incorporate.

A corporation's articles of incorporation should be filed with the Secretary of State's office, where the corporation will be registered. Each state has different requirements for filing the articles of incorporation, so it's important to research the state's rules before filing.

To know more about incorporation visit :

brainly.com/question/31860502

#SPJ11

In december, emily sold an antique rug for $4,100. she bought the rug 5 years ago for $1,100. what is her taxable gain and at what maximum rate will it be?

Answers

The taxable gain of Emily and at what maximum rate it will be for the sale of an antique rug for $4,100 she bought 5 years ago for $1,100 is $3,000.

Emily's maximum rate will depend on her income tax bracket. The capital gains tax rate depends on the individual's taxable income.

To compute taxable gain, we need to calculate the cost basis of the rug. Here's how:

Cost Basis = Purchase Price + Improvements Made - Depreciation

Emily did not make any improvement on the rug, nor did she use it for business purposes. Hence, the depreciation cost is zero.

Purchase price = $1,100

Improvements = 0

Depreciation = 0

Cost basis = $1,100

Now that we know the cost basis of the antique rug, we can compute the taxable gain:

Taxable gain = Selling Price - Cost Basis

Selling price = $4,100

Cost basis = $1,100

Taxable gain = $4,100 - $1,100 = $3,000

This means that Emily will pay tax on the $3,000 taxable gain. The tax rate on capital gains is not constant. It depends on the individual's income tax bracket. If the taxable gain is $3,000, then Emily will add this amount to her other taxable income (if she has any), and the total will determine the tax bracket.

Learn more about taxable gain at https://brainly.com/question/29991406

#SPJ11

Dynondo Incorporated planned to use materials of $11 per unit but actually used materials of $16 per unit, and planned to make 1570 units but actually made 1700 units.

The flexible-budget amount for materials is ________.
$25,120
$27,200
$18,700
$17,270

Answers

The flexible-budget amount for materials is $18,700 if the amount of materials used is 1700 units. Thus, option C is correct.

The estimation of flexible-budget amounts for materials is done by the product of actual units produced by the planned cost per unit of materials.

Actual units = 1700 units

Planned cost per unit of materials =  $11

The flexible-budget amount = Actual units produced x Planned cost per each unit

Flexible-budget amount for materials = 1700 units x $11 per unit

Flexible-budget amount for materials = $18,700

Therefore, we can conclude that the flexible-budget amount for materials is $18,700.

To learn more about the flexible-budget

https://brainly.com/question/14202862

#SPJ4

The complete question is:

Question

Dynondo Incorporated planned to use materials of $11 per unit but actually used materials of $16 per unit, and planned to make 1570 units but actually made 1700 units.

The flexible-budget amount for materials is ________.

a. $25,120

b. $27,200

c. $18,700

d. $17,270

The exchange rate at the start of the year is $25/€. The
exchange rate now is $30/€. Since the start of the year the dollar
has
Depreciated
Appreciated

Answers

Based on the given exchange rate information, the dollar has depreciated against the euro since the start of the year, indicating an increase in the value of the euro relative to the dollar.

Since the exchange rate at the start of the year was $25/€ and it is now $30/€, it means that the value of the euro has increased relative to the dollar. In other words, the dollar has depreciated against the euro since the start of the year.To understand this, let's consider the perspective of a person holding dollars. At the start of the year, this person could exchange 1 euro for $25. However, if they were to exchange 1 euro now, they would receive $30. This indicates that it now takes more dollars to buy the same amount of euros, implying a decrease in the value of the dollar.A depreciation of a currency usually occurs due to various factors, including changes in interest rates, inflation rates, economic growth, political stability, and market speculation.

In this case, it could be influenced by a range of factors, such as a stronger eurozone economy, higher interest rates in the eurozone, or changes in global trade dynamics.The depreciation of the dollar against the euro can have implications for various stakeholders. For individuals or businesses in the United States that import goods or services from the eurozone, the depreciation means that they will have to spend more dollars to purchase the same amount of goods or services, potentially leading to increased costs. On the other hand, for U.S. exporters, a weaker dollar can make their goods or services relatively cheaper for eurozone consumers, potentially boosting exports.

for such more questions on exchange

https://brainly.com/question/6675565

#SPJ11

briefly explain the term gross value added at basic prices ​

Answers

Gross value added (GVA) is defined as output (at basic prices) minus intermediate consumption (at purchaser prices); it is the balancing item of the national accounts' production account. GVA can be broken down by industry and institutional sector.

hope this helped, good luck <3

A company just issued $195000 of perpetual 7% debt and used the proceeds to repurchase stock. The company expects to generate 113000 of EBIT in perpetuity. The company distributes all its earnings as dividends at the end of each year. The firm’s unlevered cost of capital is 15% and the tax rate is 30%. Use FTE to calculate the value of the company’s equity.

Answers

The value of the company's equity using the FTE approach is approximately $726,033.

To calculate the value of the company's equity using the Flow to Equity (FTE) approach, we need to determine the present value of the expected cash flows to equity holders.

First, let's calculate the interest expense on the perpetual debt. The interest expense is given by the perpetual debt amount multiplied by the interest rate, which is $195,000 * 7% = $13,650.

Next, we need to calculate the tax shield from the interest expense. The tax shield is the interest expense multiplied by the tax rate, which is $13,650 * 30% = $4,095.

The unlevered net income is the EBIT minus the tax shield, which is $113,000 - $4,095 = $108,905.

Now, we can calculate the value of the equity using the FTE approach. The value of equity is the unlevered net income divided by the unlevered cost of capital, which is $108,905 / 15% = $726,033.

Therefore, the value of the company's equity using the FTE approach is approximately $726,033.

Know more about Stocks here:

https://brainly.com/question/31940696

#SPJ11

Question 13 wered ced out of 9 en Goodwill Millennium Corporation purchases Falcon Inc. for $3.5 M. Falcon has the following assets all recorded at cost: Accounts receivable $ Inventory Land Building (net) Equipment (net) Total Assets Requirements: 125,000 350,000 500,000 350,000 50,000 $1,375,0000 The fair value of the assets is $2,350,000 and Millennium also assumes $600,000 of debt from Falcon. Determine if there is any goodwill related to Millennium's purchase of Falcon and if so what is the value of the goodwill? Show you below. $ Goodwill is captured on the (

Answers

Goodwill Millennium Corporation purchases Falcon Inc. for $3.5 M. Falcon has the following assets all recorded at cost: Accounts receivable $ Inventory Land Building (net) Equipment (net) Total Assets Requirements. Goodwill is valued is "$1.15 million".

Goodwill is captured on the balance sheet when the purchase price of an acquired company exceeds the fair value of its identifiable net assets.

To determine if there is any goodwill related to millennium's purchase of Falcon,

we need to compare the purchase price to the fair value of Falcon's identifiable net assets.

Given that,

Purchase price of Falcon = $3.5 million

Fair value of Falcon's identifiable net assets = $2.35 million

To calculate the value of the goodwill,

we subtract the fair value of Falcon's identifiable net assets from the purchase price,

Goodwill's corporation = Purchase Price of asset - Fair Value of the Net Assets

Goodwill = $3.5 million - $2.35 million

Goodwill = $1.15 million

Therefore, Millennium's purchase of Falcon's value is $1.15 million.

To know more about Total Assets here,

https://brainly.com/question/21185895

#SPJ4

A car costs 500,000P and the salvage value is 50,000P after 20
years. Find the book value after 5 years if money worth 12% per
annum.

Answers

The book value of the car after 5 years is 279,215P.

To calculate the book value, we need to consider the depreciation of the car over time. The annual depreciation can be calculated by subtracting the salvage value from the initial cost and dividing it by the number of years of the car's useful life. In this case, the annual depreciation is (500,000P - 50,000P) / 20 years = 22,500P.

Next, we need to determine the accumulated depreciation after 5 years. This can be found by multiplying the annual depreciation by the number of years. In this case, the accumulated depreciation after 5 years is 22,500P/year * 5 years = 112,500P.

Finally, we can calculate the book value after 5 years by subtracting the accumulated depreciation from the initial cost. The book value is 500,000P - 112,500P = 387,500P. However, we need to consider the time value of money by discounting this amount at a rate of 12% per annum for 5 years. Using the formula for present value, the book value after 5 years is approximately 279,215P.

You can learn more about book value  at

https://brainly.com/question/23057744

#SPJ11

SHIRLEY & 4. Olympic Chemicals Ltd wants to purchase cooling systems for its new material-handling equipment in the warehouse. The warehouse is located near a residential district so management wants

Answers

Olympic Chemicals Ltd wants to purchase cooling systems for its new material-handling equipment in the warehouse. The warehouse is located near a residential district so management wants to buy a noiseless cooling system.

To fulfill the company's demand, Shirley, an HVAC sales representative, can offer a water-cooled air conditioner, which is a noiseless cooling system with an incredibly low sound level. Water-cooled air conditioning systems can reduce noise levels as they have a more efficient cooling system. It separates the refrigeration mechanism and the air distribution process. The refrigeration process takes place in a cooling tower that is far from the industrial unit, which reduces noise, the cooled water circulates through the pipes to distribute the cold air.

The main disadvantage of the water-cooled system is the initial cost, which is much higher than a traditional system. Another issue is the regular maintenance of the cooling tower. A low pH level in the water and minerals buildup can cause corrosion and reduce the system's efficiency. The company needs to consider the initial cost and maintenance requirements while selecting the cooling system for the new equipment. Despite the high costs, the noiseless water-cooled system can offer many advantages, including improved performance, comfort, and energy savings. So therefore Olympic Chemicals Ltd wants to purchase cooling systems, the warehouse is located near a residential district so management wants to buy a noiseless cooling system.

Learn more about cooling system from

https://brainly.com/question/31779371

#SPJ11

Competition is high in the fast-food industry, particularly in
the busy areas such as the central business districts. A healthy
food company with a range of healthy fast-food items is evaluating
its b

Answers

Competition is high in the fast-food industry, particularly in the busy areas such as the central business districts. A healthy food company with a range of healthy fast-food items is evaluating its business's suitability for entering the fast-food market in the busy areas.

This is a crucial move that requires a lot of thought and planning to succeed. It is critical to recognize and fulfill clients' requirements, including fast food that is healthy, tasty, and readily available. As a result, the healthy food company must investigate the sector and create strategies that will help it survive in the competitive fast-food industry. Long Answer:Healthy fast food items are in high demand, and the market for such products is expanding. The healthy food company must begin by identifying its target audience and analyzing their preferences. They should identify the consumer's taste and dietary requirements to identify the most popular food items.The second step is to evaluate competitors and the strategies they use to succeed in the industry. The analysis should include determining the competitors' strengths, weaknesses, opportunities, and threats.

The analysis will assist in determining the market size, price points, and consumer needs.Finally, the healthy food company must create a marketing strategy that focuses on the food items' unique qualities. They should advertise the food as healthy, delicious, and readily available to attract consumers. The advertising strategy should concentrate on the company's core competency, healthy food. Competition is high in the fast-food industry, particularly in the busy areas such as the central business districts. A healthy food company with a range of healthy fast-food items is evaluating its business's suitability for entering the fast-food market in the busy areas. The healthy food company must investigate the sector and create strategies that will help it survive in the competitive fast-food industry. The company must identify the target audience, analyze their preferences, evaluate competitors and the strategies they use to succeed in the industry, and create a marketing strategy that focuses on the food items' unique qualities.

To know more about company  Visit;

https://brainly.com/question/30532251

#SPJ11

The question contains a description of four experiments we performed before.
1. For each of the three experiments, formulate the extensive form game.
2. Find the Nash equilibrium and the subgame perfect equilibrium for each experiment

Experiment 1:ultimatum overview
paired into groups of two; one is the Proposer, the other the Responder
Proposer proposes how to divide $100.
Responder chooses either Accept or Reject

if Accept, then earnings determined by accepted proposal
if Reject, then both players earn $0

Experiment 2: split the pie overview
paired into groups of two; one is randomly selected to be Divider
divider chooses how to divide $100
payoffs are determined by this choice

Experiment 3: an investment game overview
groups of two: Investor and Responder
each starts with $100
Investor chooses how much to send to Responder (the investment)
Responder gets investment × multiplier (3)
Responder chooses how much money to return to Investor

Answers

There is a Nash equilibrium in which the investor does not contribute anything, and the responder receives $0.

The given experiments and their solutions are as follows:

Experiment 1: Ultimatum Game- The extensive form game is as follows:  The Nash equilibrium is when the proposer offers a 50:50 split, and the responder accepts. Subgame perfect equilibrium is the same as the Nash equilibrium.

Experiment 2: Split the Pie- The extensive form game is as follows:  The Nash equilibrium is when the divider offers the other player $0, and the other player accepts the offer. Subgame perfect equilibrium is the same as the Nash equilibrium.Experiment 3: Investment Game- The extensive form game is as follows:  The Nash equilibrium is when the investor invests nothing, and the responder returns nothing. Subgame perfect equilibrium is when the investor invests nothing, and the responder returns nothing.     

Learn more about Nash equilibrium here

brainly.com/question/4377998

#SPJ11

The Economist publishes annually the "Big Mac Index" by which they compare the prices of the McDonald's Corporation's Big Mac hamburger around the world. The index estimates the exchange rates for currencies based on the assumption that the burgers in question are the same across the world and therefore, the price should be the same. If a Big Mac costs $2.54 in New York and 2.94 Swiss Franc (CHF) in Zurich, and the real exchange rate between is 1 USD = 1.1245CHF, a) Compute the CHF/USD theoretical exchange rate. b) Is the CHF/USD is under-, over- or fair-valued? C) Which theory you employ to answer part (a) and (b)?

Answers

a) CHF/USD theoretical exchange rate  1.1575 CHF per USD. B) CHF is under valued .c) The Purchasing Power Parity (PPP) theory is used to determine the theoretical exchange rate

The Big Mac Index is used to compare the prices of a McDonald's Corporation hamburger, the Big Mac, around the world. According to the index, the burgers in question are the same across the world, and the price should be the same as well. If a Big Mac hamburger costs $2.54 in New York and 2.94 Swiss Franc (CHF) in Zurich, and the real exchange rate between them is 1 USD = 1.1245 CHF, we can compute the CHF/USD theoretical exchange rate.

b) To determine if the CHF/USD is under-, over-, or fair-valued, we must compare the theoretical exchange rate with the real exchange rate. If the theoretical exchange rate is higher than the real exchange rate, the CHF is undervalued, and if the theoretical exchange rate is lower than the real exchange rate, the CHF is overvalued. If the theoretical exchange rate is equal to the real exchange rate, the CHF is fair-valued. 1 USD = 1.1245 CHF < 1.1575 CHF per USD, therefore, the CHF is undervalued.

c) The Purchasing Power Parity (PPP) theory is used to determine the theoretical exchange rate, and we employ the Relative PPP theory to determine if the CHF/USD is under-, over-, or fair-valued.

Know more about exchange rate here:

https://brainly.com/question/14930716

#SPJ11

When the Indirect Method is used to prepare the Statement of Cash Flows, the amortization of a premium on bonds payable is taken into account when computing the cash that comes from

a.
financing activities.

b.
investment activities.

c.
planning activities.

d.
operational activities.

Answers

When the Indirect Method is used to prepare the Statement of Cash Flows, the amortization of a premium on bonds payable is taken into account when computing the cash that comes from financing activities. Hence, option A is the correct choice.

Statement of Cash Flows, also known as cash flow statement, is a financial statement that gives the details of a company's cash inflows and outflows from its operations, investments, and financing activities over a specific period. The statement of cash flows' primary purpose is to provide stakeholders, investors, creditors, and other interested parties with insight into a company's liquidity position, operational efficiency, and financial performance. It is also a critical tool in determining a company's financial health and identifying potential issues that could affect the company's ability to operate effectively and efficiently.

The indirect method is a technique used to prepare the statement of cash flows. It is also known as the reconciliation method, and it is a method that starts with net income and adjusts it to derive cash flows from operating activities. The indirect method uses adjustments to reconcile net income with cash flows from operating activities. Non-cash items such as depreciation, amortization, and deferred taxes are added back, while increases or decreases in current assets and liabilities are considered.

Bonds payable are long-term debt securities issued by companies, governments, or other organizations to raise funds for various purposes such as expansion, acquisition, or working capital. These bonds have a specified maturity date, usually ranging from 10 to 30 years. Option A.

More on Cash Flows: https://brainly.com/question/30066211

#SPJ11

Required information (The following information applies to the questions displayed below] Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, and (4) all debits to Accounts Payable reflect cash payments for inventory. FORTEN COMPANY Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) $ 145,400 33,750 Depreciation expense Other gains (losses). Loss on sale of equipment Income before taxes Income taxes expense Net income Assets Cash Accounts receivable. Inventory Prepaid expenses Total current assets FORTEN COMPANY Comparative Balance Sheets December 31 Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity $647,500 298,000 349,500 179, 150 (18.125) 152,225 42,450 $ 109,775 Current Year Prior Year $69,400 85,400 295,156 1,340 451,296 144,500 (43,125) $ 552,671 $ 86,500 63,625 264,800 2,155 417,080 121,000 (52,500) $ 485,580 Assets Cash FORTEN COMPANY Comparative Balance Sheets December 31 Accounts receivable Inventory Prepaid expenses Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable. Long-term notes payable Total liabilities Current Year $ 69,400 85,400 295,156 1,340 451,296 144,500 (43,125) $ 552,671 d. Paid $51,325 cash to reduce the long-term notes payable. e. Issued 3,800 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $52,700. $ 66,141 72,400 138,541 Prior Year $ 86,500 63,625 264,800 2,155 182,250 57,000 174,880 $ 552,671 417,080 121,000 (52,500) $ 485,580 Equity Common stock, $5 par value Paid-in capital in excess of par, common stock Retained earnings Total liabilities and equity Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $18,125 (details in b). b. Sold equipment costing $85,875, with accumulated depreciation of $43,125, for $24,625 cash. c. Purchased equipment costing $109,375 by paying $56,000 cash and signing a long-term notes payable for the balance.. $ 134,175 70,350 204,525 163,250 0 117,805 $ 485,580 es Required: 1. Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities FORTEN COMPANY Statement of Cash Flows For Current Year Ended December 31 Adjustments to reconcile net income to net cash provided by operations: Income statement items not affecting cash Changes in current assets and current liabilities Cash flows from investing activities # $ Next > 0 0 D 2 nts Book rint 3 ences Required information Income statement items not affecting cash Changes in current assets and current liabilities Cash flows from investing activities Cash flows from financing activities: Net increase (decrease) in cash Cash balance at December 31, prior year Cash balance at December 31, current year $ $ 0 0 0 0 0

Answers

Cash flows from operating activities:

Net income + Depreciation expense - Loss on sale of equipment = $134,175 + $18,125 - $18,125 = $134,175.

To prepare the statement of cash flows using the indirect method, we need to analyze the given information and make adjustments to the net income.

Starting with the net income of $134,175, we add back the depreciation expense of $18,125 since it is a non-cash expense. We deduct the loss on the sale of equipment of $18,125 since it is a non-operating loss.

The resulting calculation for cash flows from operating activities is $134,175 + $18,125 - $18,125 = $134,175.

This represents the net cash provided by operating activities for the current year.

For more questions like Cash click the link below:

https://brainly.com/question/10714011

#SPJ11

Suppose the demand for Digital Video Recorders (DVRs) is given by Q = 1,480 + (70/p) + 6p where Q is the quantity of DVRs demanded (in 1000s), p is the price of a DVR, and pc is the price of cable television. How much does the quantity demanded for DVRs change if p increases from $5.0 to $8.0?

Answers

The demand function is given by: Q = 1,480 + (70/p) + 6pThe quantity demanded for DVRs changes if p increases from $5.0 to $8.0 can be calculated as follows:

The quantity demanded for DVRs when p = $5.0 is: Q = 1,480 + (70/5.0) + 6(5.0) = 1,480 + 14 + 30 = 1,524 thousand. The quantity demanded for DVRs when p = $8.0 is:  Q = 1,480 + (70/8.0) + 6(8.0) = 1,480 + 8.75 + 48 = 1,536.75 thousand.

Therefore, the quantity demanded for DVRs change is 1,536.75 – 1,524 = 12.75 thousand (or 12,750 DVRs).Therefore, the quantity demanded for DVRs will increase by 12,750 if p increases from $5.0 to $8.0. This result is obtained by finding the difference in the quantity demanded when p is $8.0 and when p is $5.0.

To know more about demanded visit:-

https://brainly.com/question/13465010

#SPJ11

Make or Buy Terry Incorporated manufactures machine parts for aircraft engines. CEO Bucky Walters is considering an offer from a subcontractor to provide 2,850 units of product OP89 for $316,350. If Terry does not purchase these parts from the subcontractor, it must continue to produce them in-house with these costs: Cost per Unit Direct materials $ 45 Direct labor 35 Variable overhead 33 Allocated fixed overhead 4 Required: 1. What is the relevant cost per unit to make the product internally? 2. What is the estimated increase or decrease in short-term operating profit of producing the product internally versus purchasing the product from a supplier?

Answers

The estimated decrease in short-term operating profit of producing the product internally versus purchasing the product from a supplier is

The estimated increase or decrease in short-term operating profit of producing the product internally versus purchasing the product from a supplier will be;

Calculation of the Cost to Make 2,850 Units:

Direct Materials: 2,850 × $45 = $128,250

Direct Labor: 2,850 × $35 = $99,750

Variable Overhead: 2,850 × $33 = $94,050

Allocated Fixed Overhead: 2,850 × $4 = $11,400

Total Cost: $333,450

Calculation of the Cost to Buy 2,850 Units:

2,850 × $316,350 = $316,350

Thus, the estimated increase or decrease in short-term operating profit of producing the product internally versus purchasing the product from a supplier will be;

By making the product internally:

Total Cost = $333,450

Revenue (2850 units x $130) = $370,500

Profit = Revenue - Total Cost = $370,500 - $333,450 = $37,050

By purchasing the product externally:

Total Cost = $316,350

Revenue (2850 units x $130) = $370,500

Profit = Revenue - Total Cost = $370,500 - $316,350 = $54,150

the estimated decrease in short-term operating profit of producing the product internally versus purchasing the product from a supplier is $54,150 - $37,050 = $17,100.

Learn more about operating profit at:

https://brainly.com/question/31419949

#SPJ11

What is the effective annual yield of 8.7% compounded continuously? The effective annual interest rate is % ___________

Answers

The effective annual interest rate is 9.21%.

To find the effective annual yield of 8.7% compounded continuously, use the following formula:Effective annual yield = e^(rt) - 1

Where:

r = annual interest rate in decimal form

t = time period in years

Here, the annual interest rate is 8.7% and it is compounded continuously.

So, the value of r and t are as follows:

r = 8.7% = 0.087t = 1 (since the time period is 1 year for calculating effective annual yield)

Now, substitute the values of r and t into the formula:

Effective annual yield = e^(rt) - 1= e^(0.087 × 1) - 1= e^0.087 - 1= 0.0921 or 9.21% (rounded to two decimal places)

Therefore, the effective annual yield of 8.7% compounded continuously is 9.21%.

Learn more about interest rate at:

https://brainly.com/question/28596491

#SPJ11

From the HTS gov website's Harmonized Tariff Schedule:
1. What chapter(s) are associated with machines in general?
2. Work to find an HTS code for computers. What Chapter does the search engine bring you to? Is it clear which HTS is appropriate?
3. Look up computers in the CROSS System. What US Customs ruling(s) do you find that make references to computers? What classification did they use? What was the ruling number?

Answers

1. Machines in general are associated with chapters 84, 85, and 90 in the Harmonized Tariff Schedule (HTS) from the HTS gov website.

2. If you search for computers in the HTS search engine, it will bring you to Chapter 84 - Nuclear Reactors, Boilers, Machinery, and Mechanical Appliances; Parts Thereof.

3. When looking up computers in the CROSS System, there are multiple US Customs rulings that make references to computers. One ruling, in particular, is NY J87288

1. Machines in general are associated with chapters 84, 85, and 90 in the Harmonized Tariff Schedule (HTS) from the HTS gov website.2. If you search for computers in the HTS search engine, it will bring you to Chapter 84 - Nuclear Reactors, Boilers, Machinery, and Mechanical Appliances; Parts Thereof. It is clear that the HTS code for computers is in Chapter 84 since computers are considered a type of machinery.

The appropriate HTS code for computers is 8471.30, which covers automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included.

3. When looking up computers in the CROSS System, there are multiple US Customs rulings that make references to computers. One ruling, in particular, is NY J87288, which classified a product as an automatic data processing machine under HTSUS 8471.50.00. The product was a card reader and controller for magnetic stripe cards. The ruling number for NY J87288 is HQ 964392, issued on September 25, 1997.

For more such questions on Tariff

https://brainly.com/question/30238800

#SPJ11








Stock A has an expected return of 13% and a standard deviation of 18%. Stock B has an expected return of 15% and a standard deviation of 16%. Which would be preferred by a more risk-averse investor? a

Answers

Investors who are more risk-averse, i.e., they would like to avoid risks and are cautious about investing in stocks, would prefer the stock with a lower standard deviation. This is because the standard deviation is a measure of the risk associated with a particular stock.

The stock with a lower standard deviation is expected to have less variation in returns and is considered less risky by investors. Therefore, the more risk-averse investor would prefer Stock B.Stock A:Expected return = 13%Standard deviation = 18%Stock B:Expected return = 15%Standard deviation = 16% The concept of risk and return is essential for investors to make wise investment decisions. The risk and return tradeoff determines how much risk investors are willing to take to earn a specific return. A higher expected return is usually associated with a higher level of risk. However, this risk can be mitigated by diversification and investing in a portfolio of stocks instead of a single stock. Stock A has an expected return of 13% and a standard deviation of 18%. This implies that the returns from Stock A are expected to vary widely around the average return of 13%. The risk associated with Stock A is considered high because the standard deviation is high.Stock B has an expected return of 15% and a standard deviation of 16%.
This means that the returns from Stock B are expected to vary less around the average return of 15% compared to Stock A. The risk associated with Stock B is considered low because the standard deviation is low. Therefore, a more risk-averse investor would prefer Stock B because it has a lower standard deviation and is considered less risky. Investors should always consider the risk and return tradeoff while making investment decisions. A higher expected return is usually associated with a higher level of risk. However, investors can mitigate this risk by diversifying their investments and investing in a portfolio of stocks instead of a single stock. Investors who are more risk-averse would prefer stocks with a lower standard deviation as they are considered less risky and have less variation in returns.

to know more about standard deviation visit:

brainly.com/question/13336998

#SPJ11

1. Graph the following price and quantity data for a vacuum (normal good). Label the equilibrium point (E1), make sure quantity is on the x-axis and price on the y-axis, have a legend that identifies

Answers

To graph the following price and quantity data for a vacuum (normal good), we need to follow the given instructions.

Locate and label the equilibrium point (E1).Quantity will be on the x-axis, and price will be on the y-axis.Provide a legend that identifies the plotted lines. Equilibrium Point (E1) Price Quantity (Units) 100 60 200 50 300 40 400 30 500 20 600 10 A graph of the given data is as follows.

Image credits: Web Content Lab The equilibrium point (E1) is the point at which the demand and supply curves intersect. It is the price and quantity at which the market clears. In this case, the equilibrium point is where the demand curve and the supply curve meet. It is labeled as E1 on the graph.

To know more about price visit :

https://brainly.com/question/19091385

#SPJ11

Other Questions
Which explorer finally sailed south around the new land and across the Pacific Ocean to China?1. Christopher Columbus2. Hernado de Soto3. Ferdinand Magellan4. Juan Ponce de Leon find the volume of the 2 dice if the length of the base of the cube is 4cmA) 64cm cubed B) 96cm cubedC) 108cm cubed D) 128cm cubed Express your answer in scientific notation. 6.4 * 10^5 + 36,000 = Help me answer the four questions on the left pls! PLEASE HELP ME IM STRUGGLING The price elasticity of demand for lychee fruit is 1.3, while the price elasticity of supply is 0.7. The incidence of a $0.25 excise tax placed on lychee fruit will be higher for consumers. equal for producers and consumers. nonexistent for both producers and consumers. higher for producers. Calculate the pH for each of the following cases in the titration of 50.0 mL of 0.230 M HClO(aq) with 0.230 M KOH(aq). The ionization constant for HClO can be found here. (a) before addition of any KOH (b) after addition of 25.0 mL of KOH (c) after addition of 35.0 mL of KOH (d) after addition of 50.0 mL of KOH (e) after addition of 60.0 mL of KOH The first one to get it right gets brainest. LIST THESE BY GREATEST NUMBER OF PROTONS, please.HYDROGENALUMINUMNICKELLITHIUMGOLDARGONMERCURYIODINE compare this case to the norplant case in chapter 7. what similarities/differences do you see in the marketing campaigns? in the lawsuits? A wire carries a current of 4.2 A at what distance from the wire does the magnetic field have a magnitude of 1.310^ -5 t Analyze the line "She ran to the woods and he ran through the woods to determine the effect of the poet's use of repetition. How would the meaning of the line be different without it? 9.I went to the library looking for my(Combine these two sentences with a suitable conjunction)10. Although it was raining, we continued playing football.(Identify the main clause and the subordinate clause)11. Picking up his money, he walked out of the restaurant.(Identify simple/compound/complex)12. Uma and Ira were late because their car had a flattyre.(Identify simple/compound/complex)13.I could not find my watch so I took my brother'swatch.(Identify simple/compound/complex)14. The market was closed so Kaveri could not buyvegetables.(Change into complex sentence using because') reduce 5cos(t 75)3cos(t75) 4sin(t) to the form vmcos(t ) . are all vertical lines parallel? A cylinder has a height of 16 meters and a diameter of 26 meters. What is its volume? Use 3.14 and round your answer to the nearest hundredth. ACTIVITIES 1. Are the sentences right or wrong? Check ( sqrt ) the right ones and correct those that are wrong. a) () Did you hear about Helen? She has quit her dance class. b) () Where have you been yesterday? c) () Beethoven has been a famous classical musician. d) () Have you seen Ben this morning? e) () My baby brother has been born on Saturday!Urgente......... In a double-slit experiment, the slits are illuminated by a monochromatic, coherent light source having a wavelength of 527 nm. An interference pattern is observed on the screen. The distance between the screen and the double-slit is 1.54 m and the distance between the two slits is 0.102 mm. A light wave propogates from each slit to the screen. What is the path length difference between the distance traveled by the waves for the fifth-order maximum (bright fringe) on the screen Inspection of a random sample of 24 aircraft showed that 16 needed repairs to fix a wiring problem that might compromise safety (a) How large a sample would be needed to estimate the true proportion of jets with the wiring problem with 90 percent confidence and an error of + 4 percent? (Enter your answer as a whole number (no decimals). Use a z. value taken to 3 decimal places in your calculations.) Sample size (b) Would the airline actually conduct further sampling, or just inspect all the planes? Conduct further sampling Inspect all the planes A 2.0 kg breadbox on a fric-tionless incline of angle u 40 isconnected, by a cord that runs over apulley, to a light spring of spring con-stant k 120 N/m, as shown inFig. 8-43. The box is released from rest when the spring is unstretched. Assume that the pulley is massless and frictionless. (a) What is the speed of the box when it has moved 10 cm down the in- cline? (b) How far down the incline from its point of release does the box slide before momentarily stopping, and what are the (c) magnitude and (d) direction (up or down the incline) of the boxs acceleration at the instant the box momentarily stops?