Rice Dazzle Inc. has been making the same breakfast cereal for 50 years. Recently, sales have plummeted. To counteract this, the company created a new package that included an endorsement by a celebrity. As a result, sales increased close to previous highs. However, the cereal itself remained the same. According to the VRIO framework, is the new packaging a valuable resource for Rice Dazzle?
Answers
Answer:
No
Explanation:
The new packaging did not improve the product itself.
According to the VRIO framework, in order for the packaging to be a valuable resource it has to enable the company to exploit opportunities or defend against threats, it also needs to help organizations to increase the perceived customer value by increasing differentiation or/and decreasing the cost of the product. If the resources do not meet this condition, it can lead to competitive disadvantage.
Related Questions
Mary, a merchant, was in the business of selling flowers to local florists. Melissa was the owner of Little Flower, Inc. and she regularly purchased her flowers from Mary. One day, Melissa called Mary and ordered 20 dozen roses, 15 dozen carnations, 10 dozen daisies, baby breaths, 6 dozen tulips, and some plants. Everything totaled $1,200, and was to be delivered in 14 days. After the two ended their call, Mary sent Melissa an e-mail detailing the order and her acceptance. Melissa never responded to the e-mail. Eleven days later, Mary delivered the merchandise to Melissa, but she refused shipment. Mary sued Melissa for breach of contract. What is the likely result? Mary wins because the contract involved specially manufactured goods. Mary loses because Melissa did not sign anything. Mary loses because the contract was not in writing. Mary wins because Melissa failed to object to the merchant's confirmation memorandum.
Huish Awnings makes custom awnings for homes and businesses. The company uses an activity-based costing system for its overhead costs. The company has provided the following data concerning its annual overhead costs and its activity cost pools: Overhead Costs: Production overhead $150,000 Office expense 100,000 Total $250,000 Distribution of resource consumption: Activity Cost Pools Making Awnings Job Support Other Total Production overhead 45% 40% 15% 100% Office expenses 8% 65% 27% 100% The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs. The amount of activity for the year is as follows: Activity Cost Pool Annual Activity Making awnings 5,000 metres Job support 200 jobs Other Not applicablePrepare the first-stage allocation of overhead costs to the activity cost pools
The next dividend payment by Grenier, Inc., will be $1.48 per share. The dividends are anticipated to maintain a growth rate of 5 percent forever. If the stock currently sells for $27 per share, what is the required return
Almost overnight, several police officers, all members of the police force of the growing suburb of mayberry, called in sick. as the dispatcher took those calls, one right after the other, she speculated that there could be more to this story than she was hearing. in fact, she thought it might be related to the emotional banter she heard the night before in the locker room as several members of the force were leaving their shifts. the group was not happy with the recent changes in scheduling, the excessive overtime hours, and, management's reluctance to begin negotiations on a new benefits package. she heard one officer saying, "it's time for a mental health day!" although it is illegal for police to strike, what the police dispatcher was witnessing may have been ______.
Answers
Answer:
$66,000
Explanation:
The computation of the total implicit cost per year is shown below:
= Given up salary + investment amount × interest rate on investment in the economy
= $60,000 + $100,000 × 6%
= $60,000 + $6,000
= $66,000
We simply added the given up salary and investment amount after considering the interest rate on investment so that the accurate amount could come
Answers
Answer:
486 units
Explanation:
Final answer:
The equivalent units of production for materials is calculated by adding the fully completed units to the proportion of the unfinished units that are complete for materials. Thus, in this case, that would be 450 (completed units) + [60 (ending WIP inventory) * 20% (proportion complete for materials)] = 462.
Explanation:
In the field of cost accounting, equivalent units of production refer to the number of units that could have been completed in a period given the amount of work that was actually done.
In this case, Department 1 transferred out 450 units, and the ending work in progress inventory was 60 units that were 20% complete for materials.
To calculate the equivalent units of production for materials, you need to add the fully completed units to the proportion of the unfinished units that are complete for materials.
Hence, = 450 (completed units) + [60 (ending WIP inventory) * 20% (proportion complete for materials)] = 450 + 12 = 462.
Therefore, the equivalent units of production for materials is 462.
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Answers
Answer:
Interest paid each year = 5% of 1000 = $50
$1000 is to be paid at the end of 10 years.So payment each year = pmt(rate,nper,pv,fv) where rate = 0.04,nper=10 and fv =1000.
Payment into the fund =pmt(0.04,10,0,1000) = $83.29 each year
Value of the sinking fund at the end of the 4th year =pv(rate,nper.pmt) =pv(0.04,4,83.29) = 302.34
Interest earned by sinking fund in year 5 = 0.04*302.34 = 12.09
Interest on loan in 5th year = $50
So difference between the interest payment on the loan and the interest earned by the sinking fund in the fifth year. = 50-12.09 = 37.91 = $38 (to nearest whole number)
Answers
Answer:
The answer is "$4.311".
Explanation:
Calculating the EPS after the merger:
Answers
Answer:
The total annual cost for Alpha Ave. at 20 persons is $9000.
Explanation:
The total cost is made up of both the fixed and the variable costs.
The total cost equation for Alpha Ave can be written as,
Total Annual cost = 5000 + 200x
Where x is the number of persons living in the Alpha Ave.
Thus, at 20 persons living in the Alpha Ave, the ytotal annual cost will be,
Total Annual Cost-Alpha Ave. = 5000 + 200 * (20) = $9000
Answers
Answer:
Following are the solution to the given points:
Explanation:
In point a, As it would be impossible that although the failure of the lawsuit is remote, the same cannot be recorded as well as avoided.
In point b, Its prosecutor thinks Gallardo's failure of the case (which would be likely to occur) is therefore likely to be reported throughout the books, that legal expenses must be paid and the civil responsibility measured at $10,00000 credited.
In point c, In the case is fairly probable, this can occur only if it is reported throughout the corresponding Balance Sheet accounts.
Final answer:
Gallardo Co.'s response to the lawsuit depends on their attorneys' opinions. If it's remotely believed that the company will lose, no need to recognize the liability or disclose it in financial statements. If the loss is estimated as probable, recognize the $1,000,000 liability and expense; if reasonably possible, no liability needs to be recognized, but disclosure in the financial statement notes is needed.
Explanation:
By the Generally Accepted Accounting Principles (GAAP), Gallardo Co. should account for the lawsuit differently based on the attorneys' estimation of loss.
(a) If the attorney's opinion is that it's remote that Gallardo will lose the suit, the company doesn't have to make a provision or disclose it in its financial statements. Since they believe the likelihood of loss is minimal, no liability needs to be recognized.
(b) If the attorney believes it's probable that Gallardo will lose, then according to GAAP, the company will have to recognize a liability of $1,000,000 and record a lawsuit expense in the income statement.
(c) If it's reasonably possible that Gallardo could lose, the company doesn't have to recognize a liability, but it should disclose the lawsuit and the potential financial impact in the notes to its financial statements.
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