Dudley is a manager at the SuperCuts franchise. He has had to fire two employees because they were treating walk-in customers with disdain and thus turning away business. Once those employees were gone, he trained new employees on how to greet customers. Business has been improving and he has realized how important personnel are for a retail business. What role do the personnel play at his SuperCuts franchise?

Answers

Answer 1
Answer:

Answer:

they are the interface between the brand and the customer

Explanation:

Based on the information provided within the question it can be said that the personnel in SuperCuts are the interface between the brand and the customer. The personnel are the ones that interact on a daily basis with the shoppers and provide all the information that they need regarding the SuperCut's brand in order to generate sales.


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Suppose that just by doubling the amount of output that it produces each year, a firm s per-unit production costs fall by 30 percent. This is an example of: a. technological advance. b. the demand factor. c. economies of scale. d. improved resource allocation.

Answers

Answer:

The Correct Option is "Economies of scale"

Explanation:

Economies of scale:  

Economies of scale explain the reduction in per unit production costs caused by expansion of production. If a economy doubles its output each year causes the production costs to reduce by 30 percent, then it is an example of economies of scale.  

Answer: Economies of scale.

Explanation:

Economies of scale is the saving in costs that is gained as a result of an increase in production level. It is the cost advantage that an organization experiences due to its increase in the level of output. The benefit occurs as a result of the inverse relationship that exists between quantity produced and per-unit fixed cost. The higher the quantity of output that is produced, the smaller the per unit fixed cost.

 Economies of scale also brings about a reduction in the average variable costs when output increases. This is due to operational efficiencies which occurs as the scale of production increases. When the output is doubled, the reduction in costs by thirty percent is an example of economies of scale.

A value innovation strategy requires trade-offs between differentiation and low costs. These are two distinct business-level positions that often require very different internal value chain activities. An example of a low-cost activity that may not be appropriate for a differentiator is _____

Answers

Answer:

The standardization of the production process for higher output levels with fewer model changes

Explanation:

The standardization of production process has the potential to reduce the unit cost, though it may also reduce the flexibility necessary for the production of different products in a timely way. Consequently, this may reduce the product value on the part of customer.

Final answer:

A low-cost activity not suitable for a differentiator could be bulk purchasing of standard components as it may limit product uniqueness. Differentiation instead needs activities like design innovation, market research, and the use of costly, unique resources, possibly involving international trade and evaluating different parts of the value chain.

Explanation:

A low-cost activity that may not be appropriate for a differentiator could be bulk purchasing of standard components. While this approach can help a company minimize costs, it may prevent differentiation if the relied-upon components are standard and widely used, thereby limiting a product's uniqueness. Focusing on differentiation requires a company to focus on activities such as product differentiation, creating unique aspects of its product that allow it to stand out from competitors. These activities can be more expensive because they often involve design innovation, in-depth market research, and costly resources or materials. Particularly, when a company engages in international trade, differentiation may involve slicing up the value chain through tasks such as specialized manufacturing or tailoring marketing approaches to specific regional markets.

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Which of the following is an example of the free-rider problem? a. Both Zoe and Zach receive low-cost dental care at the local dental school, so neither of them pays the full cost of the care. b. Alfred receives a free lunch from the local "Meals on Wheels" program because of his low monthly income. Yet his next door neighbor, Alice, is not eligible for the free lunch. c. Bruce owns Buster, a large dog who barks whenever anyone walks near his house. Betty lives next to Bruce, and Buster's barking can be heard whenever anyone walks near her house, too. Thus, Betty receives free protection from burglars because of Buster's barking. d. Sam purchases a burger at a fast food restaurant and gets a second burger free because the restaurant is having a buy one, get one free sale.

Answers

Answer:

c. Bruce owns Buster, a large dog who barks whenever anyone walks near his house. Betty lives next to Bruce, and Buster's barking can be heard whenever anyone walks near her house, too. Thus, Betty receives free protection from burglars because of Buster's barking

Explanation:

Free rider is a form of market inefficiency that occurs when people benefit from a good or service but do not pay or underpay for the product.

Betty is receiving free protection from Bruce's dog.

I hope my answer helps you

Answer:

Which of the following is an example of the free-rider problem? Option C is the most suitable answer - Bruce owns Buster, a large dog who barks whenever anyone walks near his house. Betty lives next to Bruce, and Buster's barking can be heard whenever anyone walks near her house, too. Thus, Betty receives free protection from burglars because of Buster's barking.

Explanation:

In a situation whereby one party benefits without having to pay for the transaction themselves, and rather the other party pays for it, there would be an occurrence of the free-riding problem.

In the scenario described in the question, the neighbor is receiving benefits from burglars without having to pay for the security or dog.

Therefore, option C is the most suitable answer.

Many people have argued that the skills needed to be successful in today's workforce have changed. What skills do you feel an individual needs to be successful in a job today? Why do you feel these skills are most important? In an essay to be read by your instructor, identify the skills you feel are most needed by an individual to be successful at work and provide reasons to persuade your instructor that these are the most critical skills for success.

Answers

Technical skills are really essential. But upon technical skill, soft skills are mandatory to have a successful career.

Explanation:

Communication: The most important to covey from low level to high level and vice-versa.

Leadership skill: The see the growth visibly. An essential skill for both employer and employee.

Crisis management: Employee should possess this skill to handle challenging situation

Negotiation: Which is really important both for work life and personal life. This is required in all the levels of hierarchy.

Collaboration: Required to work as a team

Problem-solving: The skill which would be tested in various interviews in all the levels.

Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $93, $351, and $74, respectively. If Baker undergoes a 2-for-1 stock split, what is the new divisor for the price-weighted index?

Answers

Answer:

1.98359

Explanation:

Given that :

Index have three stocks and the prices of those sticks are $93, $351, and $74, respectively. Usually what stock split does is to increase he number of share outstanding without any interference with the original total amount of money.

So if Baker ( the company B ) undergoes 2:1 split stock, it typically implies that one share will be divided by two shares.

New divisor for price - weighted index is given by the formula:

Price weighted index = \frac{Price_(A) + Price _(B afterstockspit) +Price_(C)}{\frac{Price_(A) + Price _(B beforestockspit) +Price_(C)} {Number of Stocks     } }

Price of stock B before stock split is = $351

To determine the new stock B after stock split; we have

Price weighted index₀ = (Price _(B before stock split))/(Stocl split ratio)

= (351)/(2)

= $175.5

The new divisor for the price weighted index is as follows;

Price weighted index = \frac{Price_(A) + Price _(B afterstockspit) +Price_(C)}{\frac{Price_(A) + Price _(B beforestockspit) +Price_(C)} {Number of Stocks     } }

Price weighted index = (93+175.5+74)/(   (93+351+74)/(3) )

Price weighted index = 1.98359

Thus, the new divisor for the price weighted index = 1.98359

Answer:The New Divisor for the price weighted index = 4.29 (rounded off to two decimals)

Explanation:

Able stock = $93

Baker = $351

Charlie = $74

Price Weighted Index Formula = sum of company share prices/number of companies

Price Weighted Index Formula = ($93 + $351 + $74)/5

Price Weighted Index = $425/5 = $85

The Price Weighted index before share split = $85 and the divisor is 5

Calculating the New Divisor for the Price weighted index

Let The new divisor for the price weighted index be α

Price of Barker stock after sare split = $351 x 1/2 = $175.5

Price Weighted Index = 85

Price Weighted Index= ($93 + $175.5 + $74)/α = $85

($93 + $175.5 + $74)/α = $85

cross multiply

$85α = ($93 + $175.5 + $74)

$85α = $342.5

α = $342.5/$85 = 4.29411765

α = 4.29

The New Divisor for the price weighted index = 4.29 (rounded off to two decimals)

   

As a long-term investment, Painters' Equipment Company purchased 25% of AMC Supplies Inc.'s 500,000 shares for $580,000 at the beginning of the fiscal year of both companies. On the purchase date, the fair value and book value of AMC’s net assets were equal. During the year, AMC earned net income of $350,000 and distributed cash dividends of 25 cents per share. At year-end, the fair value of the shares is $615,000. Required: 1. Assume no significant influence was acquired. Prepare the appropriate journal entries from the purchase through the end of the year. 2. Assume significant influence was acquired. Prepare the appropriate journal entries from the purchase through the end of the year.

Answers

Answer:

A.Journal entries

(1)

Dr Investment in AMC common shares

$580,000

Cr Cash $580,000

(2) No journal entry required

(3) Dr Cash $31,250

Cr Investment Revenue $31,250

(4) Dr Fair value adjustment

$35,000

Cr Net unrealised holding gains and losses- OCI $35,000

(B.) Journal entries

Dr Investment in AMC common shares $580,000

Cr Cash $580,000

(2) Investment in AMC common shares

Dr $87,500

Cr Investment Revenue $87,500

(3) Dr Cash $31,250

Cr Investment in AMC common shares $31,250

(4) No journal entry required

Explanation:

A.Journal entries

(1)

Dr Investment in AMC common shares

$580,000

Cr Cash $580,000

(2) No journal entry required

(3) Dr Cash $31,250

Cr Investment Revenue $31,250

(4) Dr Fair value adjustment

$35,000

Cr Net unrealised holding gains and losses- OCI $35,000

Working notes:

Cash Dividends = 25%*500,000*$0.25 = $31,250

Adjustment entry:

Fair value adjustment = 580,000-615,000 = $35,000

B.) Journal entries:

(1)

Dr Investment in AMC common shares $580,000

Cr Cash $580,000

(2) Investment in AMC common shares

Dr $87,500

Cr Investment Revenue $87,500

(3) Dr Cash $31,250

Cr Investment in AMC common shares $31,250

(4) No journal entry required

Working notes:

Net Income:

Investment in AMC common shares = 25%*350,000= $87,500

Cash Dividends = 25%*500,000*$0.25= $31,250

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