Question 2
(a) Star Bhd, a public listed firm, operates in the manufacturing sector. During the year ended 31 May 2021, Star Bhd announced two major restructuring plans. The first plan is to reduce its capacity by the closure of some of its smaller factories, which has already been identified. As a result, there will be a redundancy of 500 employees, who have all individually been selected, and communicated with. The costs of this plan will include RM9 million in redundancy costs, RM4 million in retraining costs, and RM5 million in lease termination costs. The second plan is re-organizing the finance and information technology department over a one-year period, but will not commence in the next two years. The plan will result in 20% of the finance staff losing their jobs as a result of the restructuring. The costs of this plan would include RM10 million in redundancy costs, RM6 million in retraining costs, and RM7 million in equipment lease termination costs.
Answers
Star Bhd is a public listed firm that operates in the manufacturing sector. During the year ended 31 May 2021, Star Bhd announced two major restructuring plans.
The first plan is to reduce its capacity by the closure of some of its smaller factories, which has already been identified. This plan would result in a redundancy of 500 employees who have already been selected and communicated with. The costs of this plan will include RM9 million in redundancy costs, RM4 million in retraining costs, and RM5 million in lease termination costs.
The second plan is re-organizing the finance and information technology department over a one-year period. This plan will result in 20% of the finance staff losing their jobs as a result of the restructuring. The costs of this plan would include RM10 million in redundancy costs, RM6 million in retraining costs, and RM7 million in equipment lease termination costs.
However, this plan will not commence in the next two years.
Star Bhd's first plan is to reduce its capacity by shutting down some of its smaller factories. This decision has already been made, and they have identified the factories to be closed.
The company has also identified and communicated with the 500 employees who would be made redundant. The costs of this plan would include RM9 million in redundancy costs, RM4 million in retraining costs, and RM5 million in lease termination costs.
The second plan is to re-organize the finance and information technology department over a one-year period.
However, this plan will not commence in the next two years. The plan would result in 20% of the finance staff losing their jobs as a result of the restructuring.
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Related Questions
1. How has Dollar General found success in catering to a unique market niche ignored by many of its rivals
Answers
Dollar General has found success by catering to a unique market niche that is often ignored by its rivals. The company has positioned itself as a low-cost alternative to traditional retailers, with a focus on providing affordable and convenient shopping options for budget-conscious consumers.
One of the key strategies that Dollar General has used to attract customers is its emphasis on offering a wide variety of products at very low prices. The company has also focused on targeting rural and low-income communities, which are often underserved by larger retailers. Additionally, Dollar General has invested heavily in technology and innovation, which has allowed it to streamline its operations and improve the shopping experience for customers.
By catering to a niche market and leveraging technology, Dollar General has been able to differentiate itself from its competitors and establish a strong presence in the retail industry. In summary, Dollar General's success can be attributed to its ability to offer a full answer to the needs of a unique market niche, which has been largely ignored by many of its rivals.
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is the failure in the vendor request change form control indicative of a material weakness in internal control over financial reporting?
Answers
A vendor request change form is a critical document in the procurement process, and any failure in controlling this process can result in financial misstatements.
Therefore, the lack of control over the vendor request change form could lead to a higher risk of material misstatement in the financial statements, indicating a material weakness in internal control over financial reporting. It is essential to establish and maintain robust controls over all critical financial processes to mitigate such risks. The determination of whether a failure in the vendor request change form control constitutes a material weakness in internal control over financial reporting would depend on various factors, including the significance of the control failure and its potential impact on the accuracy and reliability of the financial statements.
A material weakness in internal control over financial reporting is typically defined as a deficiency or combination of deficiencies that results in a reasonable possibility of a material misstatement in the financial statements. Material weaknesses are significant enough to require the attention of management and potentially affect the decisions of users of the financial statements.
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Carlos works to maintain a fish hatchery. The fish hatchery provides fish to many public lakes to keep their stock levels high. Carlos most likely works in
Answers
Answer:
B. Aquaculture
Explanation:
Carlos works to maintain a fish hatchery. The fish hatchery provides fish to many public lakes to keep their stock levels high. Carlos most likely works in Aquaculture. Thus the correct option is B.
What is Aquaculture?Fish, shellfish, and aquatic plants are grown, cultivated, and harvested through aquaculture. It is agribusiness in the United State which is a sustainable source of both commercial goods and food.
Carlos helps keep a fish hatchery running smoothly. For many public lakes to maintain high stock levels, the fish hatchery supplies fish. The above description fulfills the traits of Aquaculture.
By using it, threatened or endangered species stocks can be rebuilt and ecosystems can be made healthier. It lessens the burden on wild fish while contributing to meeting the world's rising demand for seafood and supplying developing nations' citizens with wholesome protein.
Therefore, option B is appropriate.
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The complete question is Probably
Carlos works to maintain a fish hatchery. The fish hatchery provides fish to many public lakes to keep their stock levels high. Carlos most likely works in
Livestock.
Aquaculture.
Agribusiness.
Recycling.
Question 1 What forces have caused cost and management accounting systems designed decades ago to become less relevant and less valuable for organizational employees in today's globally competitive environment? Question 2 As a Cost and Management Consultant in the banking industry in Ghana, one of your highly esteemed clients, a top tier banking institution in Ghana has required of you to advise them as to whether target costing can be applied to the banking industry in Ghana. They further require you to advise them on what products or services can target costing be applied.
Answers
Answer to Question 1:
The forces that had lessened the importance of the cost and management accounting systems in today's dynamic world are as under:
The ancient bookkeeping and the costing techniques were very time consuming and the accounting systems were also not integrated with the financial accounting systems. Today we have very robust and integrated systems which helps the management of the business operations nation wide with greater security and better performance than the previous old versions.The complexity of the organization operations have resulted in origination of additional management accounting techniques that were adapted in the form of automated software, that are used to produce management reports on daily, weekly, monthly and yearly basis. The examples include the Throughput costing, Activity based costing, Bench-marking techniques, etc.The activities automation has led to attaining of maximum efficiency possible in some areas which wasn't possible in the past. The robots management systems, activity automation, etc has increased the fixed cost share in the total cost and the variable cost has become a very minute share of the total cost of the activity. This variable cost which is often referred to as controllable cost, is very less in percentage share of total cost today than 10 years back. In the future, we will see it as a very very very small share of total cost. This makes the today's management costing techniques obsolete and requires new solutions, new techniques, new softwares, etc. to manage the companies operations.Answer to Question 2:
The target costing is a costing technique that helps to reduce the cost of the company operations by setting cost targets for the operations. The first step under target costing is to set a selling price for the product and the second step is to set the target profit margin. Now at this position we are able to derive the target cost by taking the difference of profit margin and the selling price of the product. At this stage the actions and reforms required to achieve this target cost are determined and implemented in the current operating activities. The best part of the target costing is that it says that the pricing though matters but the main aspect of a product success is its cost controls. If the company is able to control the cost of the product then it can control the movement of prices in the market. So target costing specially focuses and stresses upon cost control procedures.
As Target costing is all about cost controlling and can be applied to any sector. In Ghana, target costing will help to control the cost of the services that the banking sector renders to its customers. This reduction in services cost can be achieved by automation, installation of new softwares, Investing in automated teller machines, etc. By gaining efficiencies, the banking sector will substantially reduce its cost thus achieving its target cost.
By achieving the target cost the bank will have to sell at the same rate as the bank had invested its time and money in efficiency gaining activities. There are a lot of activities and products that can be automated and that can help to achieve the target cost. For example, promoting internet banking will reduce the cost of ATM management, paper cost, management time, additional branch opening or extension of building, etc. We can see how easily internet banking will assist the banking sector to achieve its target costs.
1. Describe how SaksFirst builds loyalty for Saks Fifth Avenue.
Answers
SaksFirst built loyalty for Saks Fifth Avenue by broadening its reach and offering more benefits like:
free membership for cardholders without minimum spending earning points toward SaksFirst card with first purchases and free shipping from Saks stores.How do brands build loyalty?Customers only continue to buy or patronize a brand if they feel they can trust the company, this is brand loyalty. Loyalty can be achieved through engaging customers, being reliable, keeping the price reasonable and incentives.
In the case of SaksFirst, they built loyalty by offering free memberships to Saks Fifth avenue customers, giving points for first card purchase and free shipping.
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the struggle among sellers to attract consumers by offering the best products at the lowest prices is known as
Answers
Competition is the conflict between manufacturers for consumers' spending. the competition amongst vendors to bring in business while cutting expenses. Profit motivation is the driving factor behind people's and organizations' efforts to increase their material well-being.
Who are a few manufacturers as examples?
Manufacturing is the process of creating new goods from components or raw materials. Automotive businesses, bakeries, shoemakers, and tailors are all examples of manufacturing because they all produce goods rather than provide services. Manufacturer name refers to the name of the manufacturer as provided to the Commission by the concerned manufacturer or, in the absence of such notification, the name as registered with the Member State's registration authority.
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Manufacturing overhead ______. multiple select question.
a. contains fixed costs
b. consists of many different types of costs
c. is an indirect cost
d. is directly traceable to units produced
Answers
Answer:
B. consists of many different types of costs
Manufacturing overheads is such cost that consists of many types of costs, and is also directly traceable to the number of units produced. Therefore, the options B and D hold true.
What is the significance of manufacturing overheads?Manufacturing overheads can be referred to or considered as the overheads that are incurred by a producer in the process of manufacturing the units to be sold in the business. These costs are incurred for the purpose of profit-making.
The overheads of manufacturing consist of different types of costs, and division of the incurred overheads by the total manufactured units will give an idea of the per-unit cost for the firm.
Therefore, the options B and D hold true and state regarding the significance of manufacturing overheads.
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When an entrepreneur makes the decision to own and run a business, he or she assumes risks that are offset by the potential of ________.
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When an entrepreneur makes the decision to own and run a business, he or she assumes risks that are offset by the potential of earning a profit.
Who is an entrepreneur?This is the person that is referred to as the one that opens and runs a business for the sake of making gains which is referred to as profit.
The entrepreneur is a person that is interested in being able to come open and run a business and also manage the risks that are involved in the business. Such a person is innovative in nature and they are able to take risks.
Hence When an entrepreneur makes the decision to own and run a business, he or she assumes risks that are offset by the potential of earning a profit.
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Read the information about Moore Industries. What is the company's retained earnings balance at December 31, 2016
Answers
Moore Industries's retained earnings balance on December 31, 2016, = $140,000. Hence, Option (A) is correct.
To determine the company's retained earnings balance on December 31, 2016, consider the initial investment, net income, and dividends paid during the year.
Given:
The initial investment by each shareholder: $550,000
Net income for the first year: $240,000
Dividends paid during the year: $100,000
Retained earnings represent the accumulated net income after deducting dividends.
Retained Earnings = Net Income - Dividends
Using the provided information, calculate the retained earnings balance:
Retained Earnings = $240,000 - $100,000
Retained Earnings = $140,000
Therefore, the company's retained earnings balance on December 31, 2016, is $140,000.
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Read the information about Moore Industries.
Moore Industries began operations on January 2, 2016, with an investment of 550,000 by each of its two stockholders. Net income for its first year of business was $240,000. Moore Industries paid a total of $100,000 in dividends to its stockholders during the year. 12.
What is the company's retained earnings balance on December 31, 2016? a. $140,000 b. $190,000 c. $240,000 d. $340,000
How many manufacturing companies are in the north Georgia area
Answers
Answer:in addition to being a right-to-work state, with low unionization rates (2.5%), our quality workforce is one reason why companies in automotive, machinery, and plastics industries are experiencing high job growth. Whether you are looking for engineering talent to further innovation in products or processes, or a skilled labor force to work on the plant floor, Georgia has the existing and future workforce to fulfill your hiring needs. Georgia is home to many companies with a history of innovation that has impacted their.
Money needed to expand for additional inventory, equipment, marketing cost, employees, etc. is known as which of the following? Competitive risk Market analysis Marketing Expansion capital
Answers
Answer:
Expansion capital
Explanation:
Expansion capital can be defined as the money that a company uses to expand itself and business. Expansion capital is always included in company balance sheets. Expansion capital is also known as growth capital.
Expansion or growth money usually covers additional inventory, equipment, marketing cost, employees, etc as seen in the question.
Cheers.
Jackie told Casey that if she wants to sleepover she will have to sneak over some of her parents beer. Casey really doesn't want to break her parents trust.Jackie is likely exerting control over Casey using A. Emotional Abuse B. Intimidation C. Blame D. Peer Pressure
Answers
Answer:
D. Jackie is exerting control using Peer Pressure
four reasons why Corona virus could be harmful to economic growth??
Answers
Answer:
Employees have to be let go because social distancing is a thing
Businesses are not getting enough customers because of quarantine, which leads to them shutting down
Factories that supply stores are shut down to prevent spread in factory lines
For those with computer jobs, working from home does not give an employee as much freedom with printing or scanning as it does at work, which slows down the completion of assignments and lowering the business`s dependability
José works 30 hours each week. At the end of 6 months (26 weeks), he has made $31,200. How much does José make per hour? A. $40 B. $30 C. $23 D. $17
Answers
$40 José make per hour. Thus option A is correct.
What is work?Purpose and very well can be impacted by people's job experiences in a variety of ways. Work promotes personal growth, helps one attain key goals, generates good sentiments about accomplishments, and gives one's life shape and consistency.
In this the data that is presented is
The work which is done in a week is 30 hours.
He has worked for 6 months = 26 weeks
The total amount that is made is $31,200.
If the person worked for 30 hours per day for 26 weeks
then the total amount that he has received will be 30 * 26
= $780
The amount then received per hour will be = $31,200 / $780
= $40
The amount that is been made by Jose will be $40 for the work that he has done.
Therefore, option A is the correct option.
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which term is used when businesses do not maximise output from given inputs ?
Answers
Answer:
What Is Efficiency? Efficiency signifies a peak level of performance that uses the least amount of inputs to achieve the highest amount of output.
choose a real or made up example of a company, and describe at least three fixed costs the company has
Answers
Answer:
Explanation:
The fixed cost remains the fixed it never be changed.
Fixed cost;
It is the cost that should be the same whether the production level increased or not.
If we take an example of dominos, so here the fixed cost could be in form of rent, ovens, refrigerators.
It is the part of the organization expense.
Discuss the social views that influence our relationship
Answers
Answer:
relationships with others influence how we communicate with them by many different factors. The relationship between people influence the way we interact with them. Giving hugs is generally for people you are close to, although you may shake someone's hand if you are not as close to them
Answer:
well what kind of relationship?
Explanation:
jameson machinery inc. wants to release their newest equipment in the south american market before other companies in order to establish the jameson brand. in other words, the company wants to benefit from ____.
Answers
Based on the actions of Jameson Machinery Inc, we can infer that they want to benefit from First Mover Advantage.
First Mover Advantage:
Involves being the first company or brand to enter a certain industry Gives the brand a competitive advantage and customer loyalty over other competitors Allows company to perfect services offeredIn trying to get to South America first and having their brand established, Jameson hopes to benefit from first mover advantage which would see them have a competitive advantage over competitors that come later.
In conclusion, Jameson hopes to benefit from First-Mover Advantage.
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True or false? Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about building out a detailed plan.
Answers
Answer:
ture
Explanation:
technology is here to solve your problems
Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about building out a detailed plan, this statement is true.
What is technology?Technology is the development, application, and knowledge of tools, techniques, skills, systems, or administrative procedures used to address a challenge or further a certain objective. Business Models for the Digital Economy.
The primary goal of technology, which combines tools to promote development, use, and information interchange, is to simplify work and find solutions to many of humanity's issues. We must underline the advantages of technology as it develops and continues to make our lives easier.
Hence, Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about creating out a detailed plan.
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What is the yield to maturity of a one-year, risk-free, zero-coupon bond with a $10,000 face value and a price of $9400 when released
Answers
Answer:
.5%The yield to maturity on 1-year zero-coupon bonds is currently 8.5%; the YTM on 2-year zeros is 9.5%.
Explanation:
what is the primary role of consumers in a free market economy?
Answers
Answer:
The consumer is the one who pays to consume the goods and services produced.
Explanation:
As such consumers play a vital role in the economic system of a nation. In absence of effective demand the producers would lack a key to motivation
which output device is most appropriate for post-production editing?responsesdigital projectordigital projector monitormonitor camera in lcd view
Answers
Digital projectors and LCD view cameras are not as suitable due to their lower image quality and color accuracy.
The most appropriate output device for post-production editing would be a high-quality monitor specifically designed for video editing. This allows for accurate color grading and detail assessment during the editing process. While a digital projector can be used for reviewing the final production, it may not provide the same level of precision as a dedicated editing monitor. A camera in LCD view would not be an output device, as it is used for capturing footage rather than displaying it.
For post-production editing, the most appropriate output device is a monitor. Monitors provide accurate color representation and high resolution, which are essential for making precise adjustments during the editing process. Digital projectors and LCD view cameras are not as suitable due to their lower image quality and color accuracy.
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You are a landlord for an office building. You just received a claim letter from a tenant asking for a refund of $3,000 for a duplicate rent payment in June. You check your records and find out that the June rent was deducted twice from the tenant’s bank account. You think this must have been a bank error, but the double amount was transferred to your bank account. Write an adjustment letter to the tenant, and enclose a refund cheque. Write only the body of the letter, omitting the letter addresses, salutation, complimentary close, and enclosure line
Answers
Dear [Tenant's Name],
I hope this letter finds you well. I am writing to address the issue regarding the duplicate rent payment for the month of June. After thoroughly reviewing our records, I have confirmed that an error occurred, resulting in the rent being deducted twice from your bank account.
I sincerely apologize for any inconvenience this may have caused you. As a responsible and ethical landlord, I fully acknowledge the mistake and take full responsibility for it. It appears that the double amount was transferred to our bank account due to an error on the part of the bank.
In order to rectify this error promptly, I am enclosing a refund cheque in the amount of $3,000, which represents the duplicate rent payment. You should receive the refund cheque within the next few days. I assure you that I have taken the necessary measures to ensure that such errors do not occur in the future.
Once again, I deeply apologize for any inconvenience or frustration caused by this oversight. Your satisfaction and comfort as a tenant are of utmost importance to me. If you have any further questions or concerns, please do not hesitate to contact me directly.
Thank you for your understanding and patience in this matter. I value our tenant-landlord relationship and will continue to strive for excellence in providing you with a comfortable and efficient office space.
Sincerely,
[Your Name]
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Allison would like to find all records that are in stock. In her database, she has a field named "in stock." When the item is in stock, a "yes" appears. What should Allison do?
Conduct a query and set the criteria as =yes.
Conduct a query and set the criteria to >2.
Locate each record and check each one.
Sort the records in ascending order by item number.
Answers
Answer: she should conduct a query and set the criteria to >2
Explanation:
Don’t know this but I tried I am only in 9th grade
QUESTION 1/10
A loss is when:
Ce
A. Revenue is greater than expenses.
C. Revenue is equal to expenses.
B. Revenue is less than expenses.
D. None of the above.
Answers
Answer:
B. Revenue is less than expenses
Explanation:
Business loss is a condition that arises when a business fails to earn enough income to pay all of its operating expenditures. A business loss might result from routine business operations or from an unusual occurrence that disrupts business operations. A business loss is recorded in an income statement by auditors. A typical operational loss occurs when a corporation loses more money than it earns within a certain time.
How do I Identify ways in which local businesses apply the marketing concept domestically and abroad and determine how it affects the business customers?
Answers
Invest in sponsored social media marketing campaigns or run Face-book banner advertising. Retargeting advertising should be used for prospects who have already visited your website. Customers social media contests to attract new clients.
Promote your products on the radio or television. International marketing is vital since it exposes your company to a bigger, global audience. On a brand level, foreign marketing provides opportunities for improved exposure, product awareness, and sales. Local marketing Customers is when you market your business to people within a certain geographical radius, such as those in your neighborhood or city. By focusing on a single area, you can begin to raise awareness of your products and services in the market that is nearest to you.
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In two to three sentences, answer the following:
What information you can obtain from a stock quote?
Answers
Answer:
The information that we can get from stock quote is about bidding price, details of previous bidding, etc.
Explanation:
A stock quote can be defined as the last price of stock of exchange. It is the price on which the traders and the buyers consented in their last trade or exchange.
The details that a stock quote provides is the price of last bid, volume of trade, bid price, volume of trade. The buyers and traders can access this information either on their phones, newspapers, news media, online portals etc. The stock quote is shown in decimals.
The equilibrium quantity in markets characterized by oligopoly is higher than in monopoly markets and higher than in perfectly competitive markets. lower than in monopoly markets and higher than in perfectly competitive markets. higher than in monopoly markets and lower than in perfectly competitive markets. lower than in monopoly markets and lower than in perfectly competitive markets.
Answers
Answer:
higher than in monopoly markets and lower than in perfectly competitive markets.
Explanation:
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
I. Mutual interdependence between the firms.
II. Market control by many small firms.
III. Difficult entry to new firms.
An equilibrium quantity can be defined as a situation in which there are no surplus or shortage of finished goods in the market.
This ultimately implies that, there is an intersection between demand and supply i.e the amount of goods and services that the consumers are willing to buy is equal to the amount of goods and services that the producers are able and willing to supply at a specific period of time.
Hence, the equilibrium quantity in markets characterized by oligopoly is higher than in monopoly markets and lower than in perfectly competitive markets.
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.
In a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
cobe company has manufactured 210 partially finished cabinets at a cost of $52,500. these can be sold as is for $63,000. instead, the cabinets can be stained and fitted with hardware to make finished cabinets. further processing costs would be $12,600, and the finished cabinets could be sold for $84,000. (a) prepare a sell as is or process further analysis of income effects. (b) should the cabinets be sold as is or processed further and then sold?
Answers
Based on the income effect analysis, processing the cabinets further and then selling them would be the better option to maximize profit, but other factors such as demand, competition, and resources should also be considered.
(a) To analyze whether the cabinets should be sold as is or processed further, we need to compare the income effects of both options. Selling the cabinets as is would generate a revenue of $63,000, while processing them further would generate a revenue of $84,000 after incurring processing costs of $12,600. Therefore, the income effect of selling the cabinets as is would be $63,000 - $52,500 = $10,500, while the income effect of processing further would be $84,000 - $52,500 - $12,600 = $18,900.
(b) Based on the income effect analysis, it appears that processing the cabinets further and then selling them would be the better option. The income effect of processing further is $18,900, which is higher than the income effect of selling as is, which is $10,500. This means that processing the cabinets further would generate a higher profit than selling them as is. Therefore, the company should process the cabinets further and then sell them to maximize their profit.
However, there may be other factors to consider such as demand for finished cabinets, competition, and the time and resources required for processing. The company should take all these factors into account before making a final decision.
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