1. Main products or services offered by the company:
To identify the main products or services offered by SABIC, you can refer to their annual report. The report should provide comprehensive information about the range of products or services the company offers. This may include petrochemicals, chemicals, plastics, polymers, fertilizers, metals, and other related industrial products.
2. Calculating gross profit and percentage of gross profit for each product or service:
The annual report should also provide financial statements, including the income statement, which will contain information about the company's gross profit. To calculate the gross profit for each product or service, you would need the revenue and cost of goods sold figures specifically attributed to those products or services. By subtracting the cost of goods sold from the revenue, you can obtain the gross profit. The percentage of gross profit is calculated by dividing the gross profit by the revenue and multiplying by 100.
To accurately calculate the gross profit and its percentage for each product or service provided by SABIC, you will need to refer to the relevant financial data in their official annual report.
To know more about Financial visit-
brainly.com/question/31809187
#SPJ11
which of the following describe countries' healthy economic growth? multiple select question. countries need a well-functioning health care system. well-developed financial markets are necessary. the more extensive the government regulations, the faster the country grows. the better developed the financial markets, the faster the country grows.
The following s describe factors that are associated with countries' healthy economic growth:
- Countries need a well-functioning health care system.
- Well-developed financial markets are necessary.
- The better developed the financial markets, the faster the country grows.
1. Countries need a well-functioning health care system: A well-functioning health care system is essential for economic growth as it ensures the well-being of the population, reduces absenteeism, and improves productivity.
2. Well-developed financial markets are necessary: Financial markets play a crucial role in facilitating investment, allocation of capital, and efficient resource allocation in an economy . Well-developed financial markets provide access to capital, promote savings, and facilitate the growth of businesses.
3. The more extensive the government regulations, the faster the country grows: This statement is in. Extensive government regulations can often hinder economic growth by creating barriers to entry, stifling innovation, and imposing unnecessary bureaucratic burdens on businesses. Generally, countries with more streamlined and business-friendly regulatory environments tend to experience faster economic growth.
4. The better developed the financial markets, the faster the country grows: This statement is . Well-developed financial markets provide efficient channels for capital allocation, enable businesses to access funding, promote investment, and facilitate economic growth.
Learn more about economy here:
https://brainly.com/question/30131108
#SPJ11
If a parent MNC backs the debt of a foreign subsidiary, the borrowing capacity of the parent might be reduced because creditors may not be willing to provide as many funds to the parent if those funds may possibly be needed to rescue the subsidiary.
a. true b. false
If a parent MNC backs the debt of a foreign subsidiary, the borrowing capacity of the parent might be reduced because creditors may not be willing to provide as many funds to the parent if those funds may possibly be needed to rescue the subsidiary which is true.
If a parent multinational corporation (MNC) guarantees the debt of its foreign subsidiary, it creates a contingent liability for the parent. This means that if the subsidiary is unable to repay the debt, the parent MNC becomes responsible for fulfilling the obligations. As a result, creditors may view this contingent liability as a potential risk to the parent's borrowing capacity.
Creditors may be hesitant to provide additional funds to the parent MNC if they believe that those funds might be required to rescue the subsidiary in the event of financial distress. This reduced borrowing capacity can limit the parent's ability to raise capital for its own operations or investments.
Therefore, the statement is true. The parent MNC's backing of the foreign subsidiary's debt can potentially reduce the parent's borrowing capacity due to the increased risk perceived by creditors.
To learn more about foreign subsidiary click here
https://brainly.com/question/30589258
#SPJ11
Analysis of External Environment (Porter's Five Forces) of the AbCellera company, BC, Vancouver. I'm terrible at analyzing.so I hope to get some help. Thank you.
AbCellera is a biotech company located in Vancouver, British Columbia. It was established in 2012 by scientists from the University of British Columbia. AbCellera is a leader in antibody discovery with a unique microfluidic-based technology that allows them to screen millions of immune cells at a time.
Porter's Five Forces Model is a framework for evaluating an industry's level of competition and profitability. The model takes into account five forces that influence an industry's attractiveness and potential for profit. These forces include the bargaining power of suppliers, the bargaining power of buyers, the threat of new entrants, the threat of substitute products or services, and the intensity of competitive rivalry. Let's take a look at how these forces impact AbCellera's external environment.
Bargaining Power of Suppliers:
AbCellera's suppliers are biotech suppliers. These suppliers have low bargaining power due to the large number of suppliers in the industry, making it easier for AbCellera to switch suppliers if needed. As a result, AbCellera can negotiate favorable prices from their suppliers, which helps them reduce costs and increase profits.
Bargaining Power of Buyers:
The bargaining power of buyers is high in the biotech industry. This is due to the high level of competition among biotech companies, which means that buyers have a lot of options to choose from. Buyers have high bargaining power due to the high level of competition, which forces AbCellera to keep its prices low and offer high-quality products and services.
Threat of New Entrants:
The threat of new entrants to the biotech industry is low. The industry requires a significant amount of capital investment, making it difficult for new entrants to enter the market. AbCellera has developed a unique microfluidic-based technology that gives it a competitive advantage over other biotech companies, making it even more challenging for new entrants to compete.
Threat of Substitute Products or Services:
The threat of substitute products or services in the biotech industry is low. There are few alternatives to the products and services offered by biotech companies. AbCellera's unique microfluidic-based technology allows it to offer high-quality products and services, which makes it difficult for substitutes to compete.
Intensity of Competitive Rivalry:
The intensity of competitive rivalry in the biotech industry is high. There are many biotech companies in the industry, which means that there is a high level of competition. AbCellera's unique microfluidic-based technology gives it a competitive advantage over other companies, but it still faces significant competition. Overall, the external environment of AbCellera is favorable due to the low bargaining power of suppliers, high bargaining power of buyers, low threat of new entrants and substitute products or services, and high intensity of competitive rivalry.
For more information on AbCellera visit:
brainly.com/question/32973653
#SPJ11
suppose the total amount of currency the central bank puts into circulation equals 1 million, and the total amount of money in the economy is 5 million. also, suppose that people choose to keep 20% of their money as currency. assume banks do not have excess reserves. then, the reserve ratio is
The reserve ratio can be calculated by dividing the amount of currency held by the public by the total amount of money in the economy. the reserve ratio is 20%
Since people choose to keep 20% of their money as currency, the currency held by the public would be 20% of 5 million, which is 1 million.
Therefore, the reserve ratio can be calculated as follows:
Reserve Ratio = Currency Held by the Public / Total Money Supply
Reserve Ratio = 1 million / 5 million
Reserve Ratio = 1/5
Reserve Ratio = 0.2 or 20%
In this scenario, the reserve ratio is 20%. This means that banks are required to hold reserves equal to 20% of the deposits they receive. It is important to note that the assumption of banks not having excess reserves indicates that banks are operating at the minimum reserve requirement set by the central bank.
Learn more about currency from here:
https://brainly.com/question/32448112
#SPJ11
Oriole requires sales of $500000 to cover its fixed costs of $102000 and to earn operating income of $79000. What percentage is variable cost of sales?
36.20%
4.60%
20.40%
63.80%
The answer is ,the variable cost of sales as a percentage is 63.8%.
How to find?To find the percentage of variable cost of sales, we need to first calculate the total contribution margin. The contribution margin is the amount of revenue remaining after covering the fixed costs.
Step 1: Calculate the contribution margin
Total contribution margin = Sales - Fixed costs - Operating income
Total contribution margin = $500,000 - $102,000 - $79,000
Total contribution margin = $319,000
Step 2: Calculate the variable cost of sales as a percentage
Variable cost of sales = Total contribution margin / Sales * 100
Variable cost of sales = $319,000 / $500,000 * 100
Variable cost of sales = 63.8%
Therefore, the variable cost of sales as a percentage is 63.8%.
To know more on sales visit:
https://brainly.com/question/29436143
#SPJ11
A married couple purchased their principal residence for
$600,000. They spent $80,000 on improvements. After living in it
for 6 years, the couple sold the home for $1,400,000 and paid
$70,000 in
A married couple purchased their principal residence for $600,000. They spent $80,000 on improvements. After living in it for 6 years, the couple sold the home for $1,400,000 and paid $70,000 in real estate agent commissions. Therefore, their capital gain from the sale is $1,400,000 - $600,000 - $80,000 - $70,000 = $650,000.
If the couple has lived in the home as their primary residence for 2 out of the past 5 years before the sale, they are eligible for a capital gains tax exclusion of up to $500,000 ($250,000 for single filers). In this case, since the couple lived in the home for 6 years and sold it, they are eligible for the exclusion and do not have to pay any taxes on their capital gain of $650,000. This exclusion is available for primary residences only, and the property must have been owned for at least 2 years and used as a primary residence for at least 2 out of the past 5 years before the sale.
To know more about capital gain visit:
https://brainly.com/question/32193753
#SPJ11
In increasingly competitive markets, how are agile approaches being integrated as tools for survival?
In today's competitive markets, being agile has become a vital survival strategy. Agile approaches, methodologies and tools are being adopted by companies worldwide to enhance the speed and efficiency of their workflows while reducing the time to market, driving innovation and competitiveness. An agile approach is a crucial tool for adapting to market changes and staying ahead of the competition.
This is why agile methodologies have become the go-to solution for businesses looking to survive in these markets.Agile methodology emphasizes cross-functional teams, continuous improvement, and customer collaboration. This approach is being adopted to ensure that teams have the flexibility to respond quickly to changes in the market. Companies are now operating in a market that is constantly evolving.
The demands of customers are changing rapidly, and competitors are entering the market every day. This requires companies to have a flexible, adaptable approach that can evolve with the market. An agile approach provides a framework for companies to embrace change, and to pivot when necessary.Agile methodology is also helping companies to deliver high-quality products and services faster.
By breaking down complex projects into smaller, more manageable components, agile teams can quickly deliver value to customers. This means that companies can bring new products to market faster, giving them a competitive edge. In addition, agile approaches encourage collaboration and knowledge-sharing, which drives innovation and creativity across teams.
Ultimately, agile approaches are being integrated as tools for survival because they offer companies a way to stay competitive in a rapidly changing market. By embracing an agile mindset, companies can adapt to market changes quickly, deliver value to customers faster, and foster a culture of innovation and creativity across teams.
To know more about competitive visit:
https://brainly.com/question/2570802
#SPJ11
What current issues are impacting the supply chain
management and purchasing of an organization of your
choice?
Define the each of the issues ( minimum of 5 issues) that are
impacting the supply chain
Supply chain management and purchasing are essential aspects of any organization that have to be carried out with utmost efficiency.
There are some current issues that impact the supply chain management and purchasing of an organization, which we will discuss here.
Definition of the issues affecting the supply chain:
Globalization: The growth of globalization has impacted supply chain management by increasing complexity and competition. In order to remain competitive, companies have had to look to other countries for their supplies.
This can cause issues such as language barriers, currency fluctuations, cultural differences, and transportation and logistics challenges. Companies need to find ways to navigate these challenges to ensure a smooth supply chain and purchasing process
Lead Time Reduction: Lead time reduction has become increasingly important as customers demand shorter delivery times. Companies have to work to reduce lead times by improving processes, increasing efficiency, and using technology to streamline their supply chain. This can be challenging, as it often involves changes to the entire supply chain process.
Supplier Relationship Management: Supplier relationship management is critical to the success of any supply chain. Companies need to maintain strong relationships with their suppliers to ensure a steady supply of goods. This can be challenging, as suppliers may be located in different countries, have different cultures and languages, and may have different business practices. Companies need to find ways to build strong relationships with their suppliers to ensure a smooth supply chain process.
Regulatory Compliance: Regulatory compliance is a major issue in supply chain management. Companies need to ensure that they are following all relevant regulations, such as those related to product quality, labor laws, and environmental regulations. Failure to comply with these regulations can result in penalties, loss of reputation, and even legal action.
Information Management: Information management is critical to the success of any supply chain. Companies need to be able to collect, analyze, and share data throughout their supply chain to ensure that it runs smoothly. This can be challenging, as there may be different systems, processes, and languages used throughout the supply chain. Companies need to find ways to standardize their information management processes to ensure that they are efficient and effective.
To know more about supply visit :
brainly.com/question/32556129
#SPJ11
Mt. Ogden Homes started out five years ago building a few homes a year. During the last few years, they have experienced rapid growth and expect to build 50 to 60 homes next year. Although the number of homes built each year has steadily increased, the company's profits have seen little growth. You have been hired by the owner of Mt. Ogden Homes to help the company improve its profitability. In an interview with the owner, you have found out the following: Initially, the company was managed by the owner. As the company grew, the owner hired his brother to oversee the construction operations while the owner continued to oversee the project development, marketing, estimating, buyout, and day-to-day operations of the company, To accommodate home-buyers, customization options are often included in the homes. Because of time pressures, the owner prices the options by making the best guess at the cost of the option and adds 20 percent for profit and overhead. The owner has no idea if the company is making or losing money on the custom options. Often the homes are sold and construction is started before pricing has been obtained from suppliers and subcontractors. The subcontractors are hired and materials are purchased by verbal agreements. By the time the invoices are received, the owner often cannot remember the agreed-upon pricing and the owner is unsure if suppliers' and subcontractor's invoices are accurate. The subcontractor invoices contain additional costs for changes. The owner is unclear as to the following: 1) were the changes ordered by field personnel, 2) are the changes being billed at the agreed-upon price, and 3) should the cost of the changes be passed on to the buyers. The owner is unable to determine which projects are profitable and which are not.
Using what you have learned, recommend changes to the company's practices to address these issues. The response should take the form of a written report to the owner. The report should identify the issues, suggest improvements with sufficient detail that the owner would be able to action the items based on the report and an explanation of the benefit of the improvements.
[Your Name]
[Your Position]
[Date]
Subject: Recommendations for Improving Profitability at Mt. Ogden Homes
Dear [Owner's Name],
I would like to thank you for entrusting me with the task of helping Mt. Ogden Homes improve its profitability. After our interview, I have identified several key issues that are impacting the company's financial performance. In this report, I will outline these issues and provide actionable recommendations to address them, along with the potential benefits of implementing these improvements.
Lack of Cost Control and Pricing Accuracy:
Issue: Pricing options based on guesswork and verbal agreements with suppliers and subcontractors.
Recommendation: Implement a structured cost estimation process for customization options, ensuring accurate cost assessment before setting prices.
Benefits: Avoid underpricing or overpricing options, improve profitability by setting competitive prices, and enhance customer satisfaction through accurate pricing.
Poor Documentation and Communication:
Issue: Lack of documentation for agreed-upon pricing and changes ordered by field personnel.
Recommendation: Establish a system for documenting all pricing agreements, changes, and related communication with suppliers and subcontractors.
Benefits: Ensure clarity and accountability regarding agreed-upon pricing and changes, facilitate accurate cost tracking, and prevent disputes or misunderstandings with suppliers, subcontractors, and buyers.
Project Profitability Analysis:
Issue: Inability to determine which projects are profitable.
Recommendation: Implement a project cost accounting system to track expenses and revenue for each project.
Benefits: Gain insights into project profitability, identify areas for cost reduction or optimization, and make informed decisions on project selection, pricing, and resource allocation.
Organizational Structure and Roles:
Issue: Overlapping responsibilities between you and your brother, leading to inefficiencies.
Recommendation: Clearly define and delegate roles and responsibilities between you and your brother, aligning with your respective expertise.
Benefits: Streamline operations, enhance efficiency, and enable better focus on your areas of expertise, leading to improved decision-making and resource utilization.
Supplier and Subcontractor Management:
Issue: Verbal agreements and uncertainty regarding the accuracy of invoices.
Recommendation: Formalize agreements with suppliers and subcontractors through written contracts, including pricing, scope of work, and change management.
Benefits: Ensure clarity in contractual terms, facilitate accurate invoice verification, reduce the risk of disputes or unexpected costs, and improve cost control.
Implementing these recommendations will require changes to existing practices and the establishment of new processes. I recommend developing an implementation plan that outlines specific actions, responsibilities, and timelines for each improvement. Regular monitoring and evaluation of the changes' effectiveness will be essential for ongoing improvement.
By addressing these issues and implementing the recommended improvements, Mt. Ogden Homes can enhance profitability, improve cost control, streamline operations, and gain better visibility into project performance. These changes will not only lead to increased profitability but also contribute to a more efficient and sustainable growth trajectory for the company.
I am confident that with these improvements, Mt. Ogden Homes will be better positioned to capitalize on its growth potential and achieve long-term success in the industry. Should you have any questions or require further assistance, please do not hesitate to reach out.
Thank you for the opportunity to contribute to the success of Mt. Ogden Homes.
Sincerely,
[Your Name]
[Your Position]
learn more about Profitability here
https://brainly.com/question/32381738
#SPJ11
Temporary supply shocks: Multiple Choice affect prices only. shift the short-run aggregate supply curve. shift the aggregate demand curve. shift the long-run aggregate supply curve.
Temporary supply shocks may have a significant impact on the short-run aggregate supply curve. Supply shocks may have a positive or negative effect on aggregate supply, depending on the nature of the shock. The aggregate demand curve does not shift as a result of a supply shock.
A temporary supply shock is a quick and unexpected change in supply that is likely to cause a short-term increase or decrease in price. Such changes may be caused by a number of factors, such as changes in weather patterns or natural disasters. When a temporary supply shock occurs, the quantity of goods and services supplied at any given price level may change. This can cause prices to rise or fall depending on the direction of the shock.
A supply shock may cause the short-run aggregate supply curve to shift. The short-run aggregate supply curve shows the relationship between the price level and the quantity of goods and services produced in the short run. A positive supply shock shifts the curve to the right, increasing the quantity of goods and services supplied at any given price level. Conversely, a negative supply shock shifts the curve to the left, decreasing the quantity of goods and services supplied at any given price level.
In conclusion, temporary supply shocks can affect prices and shift the short-run aggregate supply curve but not the long-run aggregate supply curve. They do not shift the aggregate demand curve.
To know more about depending visit:
https://brainly.com/question/30094324
#SPJ11
You are working on a bid to build two apartment buildings a year for the next three years. This project requires the purchase of $1,089,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the project's life. The equipment can be sold at the end of the project for $815,000. You will also need $280,000 in net working capital over the life of the project. The fixed costs will be $528,000 a year and the variable costs will be $1,640,000 per building.
Your required rate of return is 18 percent for this project and your tax rate is 35 percent. What is the minimal amount, rounded to the nearest $100, you should bid per building?
A 4,233,000
B 4,489,500
C. 2,116,200
D. 2,780,600
E. 2,244,800
The minimal amount, rounded to the nearest $100, you should bid per building is approximately $2,028,700. To determine the minimum amount you should bid per building, we need to calculate the present value of all the costs and cash flows associated with the project.
1. Calculate the present value of the equipment cost:
PV(equipment cost) = $1,089,000 - $815,000 (sale value) = $274,000
2. Calculate the present value of the net working capital:
PV(net working capital) = $280,000
3. Calculate the present value of the fixed costs over the project's life:
PV(fixed costs) = $528,000 * 3 years = $1,584,000
4. Calculate the present value of the variable costs:
PV(variable costs) = $1,640,000 * 2 buildings * 3 years = $9,840,000
5. Calculate the present value of the salvage value (sale of equipment):
PV(salvage value) = $815,000
6. Calculate the present value of the tax shield from depreciation:
Tax shield = depreciation * tax rate
Depreciation = equipment cost / project life
Tax shield = ($1,089,000 / 3) * 0.35 = $126,350
7. Calculate the present value of the tax shield:
PV(tax shield) = $126,350 * 3 years = $379,050
8. Calculate the present value of all the cash flows:
PV(cash flows) = PV(equipment cost) + PV(net working capital) + PV(fixed costs) + PV(variable costs) + PV(salvage value) + PV(tax shield)
PV(cash flows) = $274,000 + $280,000 + $1,584,000 + $9,840,000 + $815,000 + $379,050 = $12,172,050
9. Calculate the minimum bid per building:
Minimum bid per building = PV(cash flows) / (2 buildings * 3 years)
Minimum bid per building = $12,172,050 / 6 = $2,028,675
Therefore, the minimal amount, rounded to the nearest $100, you should bid per building is approximately $2,028,700.
To know more about Present Value visit:
https://brainly.com/question/29586738
#SPJ11
Which of the following is NOT an example of a mixed cost. depreciation on Factory Machine utilities employee earns salary and commission on sales When using the High-low Method, choose the Highest and Lowest based on volume costs Fixed cost per unit will if more units are produced. stay constant increase decrease
The correct option for a mixed cost is not employee earning salary and commission on sales, but rather examples such as depreciation on factory machines and utilities that include both variable and fixed costs.
A mixed cost is a combination of variable and fixed costs. The variable cost increases with the level of production, whereas the fixed cost remains constant, regardless of the level of production. As a result, a mixed cost changes with the amount of production, but not in proportion.
Here are some examples of mixed costs:
Depreciation on Factory Machine (Fixed Cost + Variable Cost)
Utilities (Fixed Cost + Variable Cost)
Employee earns salary and commission on sales (Not an example of mixed cost because it includes only variable costs)
In the case of an employee earning a salary and commission on sales, it is not considered a mixed cost because it consists solely of variable costs. The commission is based on the amount of sales made, and the salary is paid based on the amount of work done or the number of hours worked. These costs vary directly with the level of sales or productivity.
When using the High-low Method, it is important to keep the following points in mind:
The highest cost is always compared to the lowest cost based on volume.
The fixed cost per unit will decrease if more units are produced.
Fixed costs will remain constant regardless of the volume of output.
In conclusion, the correct option for a mixed cost is not employee earning salary and commission on sales, but rather examples such as depreciation on factory machines and utilities that include both variable and fixed costs.
To know more about High-low Method,
https://brainly.com/question/32709762
#SPJ11
Question 4
Use the ethical decision-making model below or another that you
know of to discuss ONE (1) of the following ethical dilemmas:
Question a.
Imagine you are working as an accountant for a smal
One of the ethical dilemmas that may arise while working as an accountant for a small business is the issue of confidentiality and client privacy.
It's important to remember that accountants are privy to sensitive financial information about their clients, which must be kept confidential. In this scenario, a small business owner may ask the accountant to reveal confidential information to them, perhaps regarding another employee or the business itself.
The ethical decision-making model can be applied to this situation in the following way:
1. Identify the problem: The ethical dilemma is whether to reveal confidential financial information to the small business owner or not.
2. Gather information: The accountant must gather as much information as possible about the situation, including the reasons why the business owner wants the information and any potential consequences of revealing it.
3. Evaluate the information: The accountant must evaluate the information gathered and consider the implications of revealing the information versus keeping it confidential. They must also consider their ethical and legal obligations to keep financial information confidential.
In conclusion, maintaining confidentiality and client privacy is of utmost importance in the accounting profession. The ethical decision-making model can be used to help accountants navigate ethical dilemmas and make sound decisions that uphold the integrity of the profession.
To know more about dilemmas visit:
https://brainly.com/question/32028452
#SPJ11
The introduction of a tax in a perfectly competitive marketplace that is originally in equilibrium will lower total surplus. O True O False Question 9 Allocations that are inefficient are sometimes chosen by policy makers as a way of improving fairness. O True O False Question 10 The necessity for choice, in economics, arises from O high incomes and many available goods. Oscarcity of economic means for satisfying economic wants. limited numbers of producers. O All of the responses are correct.
False. Allocations that are inefficient are not chosen by policy makers as a way of improving fairness. In economics, efficiency and fairness are separate concepts. Efficiency refers to the allocation of resources that maximizes total surplus or societal welfare.
Fairness, on the other hand, is a subjective concept and can vary depending on individual or societal preferences. While policy makers may consider fairness when designing policies, it does not necessarily mean that they would choose inefficient allocations. In fact, economists often strive to achieve efficiency and fairness simultaneously through various policy measures.
The correct answer is: Scarcity of economic means for satisfying economic wants. The necessity for choice in economics arises from the fundamental problem of scarcity. Scarcity refers to the limited availability of resources relative to unlimited human wants and needs. Because resources are scarce, individuals, businesses, and societies must make choices about how to allocate those resources among various competing uses. This necessitates decision-making and trade-offs, as not all wants and needs can be satisfied due to the scarcity of resources. The other options mentioned in the question (high incomes and many available goods, limited numbers of producers) are not accurate explanations for the necessity of choice in economics.
To learn more about Efficiency follow:
https://brainly.com/question/28175377
#SPJ11
An office building has three floors of rentable space with a single tenant on each floor. The first floor has 20,480 square feet of rentable space and is currently renting for $15 per square foot. Three years remain on the lease. The lease has an expense stop at $4 per square foot. The second floor has 15.480 square feet of rentable space and is leasing for $15.50 per square foot and has four years remaining on the lease. This lease has an expense stop at $4.50 per square foot. The third floor has 15,480 square feet of leasable space and a lease just signed for the next five years at a rental rate of $17 per square foot, which is the current market rate. The expense stop is at $5 per square foot, which is what expenses per square foot are estimated to be during the next year (excluding management). Management expenses are expected to be 5 percent of effective gross income and are not included in the expense stop. Each lease also has a CPI adjustment that provides for the base rent to increase at half the increase in the CPI. The CPl is projected to increase 3 percent per year. Estimated operating expenses for the next year include the following: Al expenses are projected to increase 3 percent per yeat. The market rental rate at which leases are expected to be renewed is also projected to increase 3 percent per yeat. When a lease is renewed, it will have an expense stop equal to operating expenses per square foot duting the first year of the lease. To account for any time that may be necessary to find new tenants after current leases explre and new leases are made, vacancy is estimated to be 10 percent of EGl for the last two years (years 4 and 5 ). Required; a. Calculate the effective gross income {EG) for the fiext five years. b. Calculate the expense-imbursements for the next five years. c. Calculate the net operating income (NON for the next five years: d. How much does the NOI lincrease (average compound rate) over the five years? E. Assuming the property is purchased for $5 mililon, whot is the overall capitalization rate (goingin rate)?
A. Calculation of Effective Gross Income (EGI) for the next five years: EGI calculation is not provided in the question.
B. Calculation of Expense reimbursements for the next five years: Expense reimbursements calculation is not provided in the question.
C. Calculation of Net Operating Income (NOI) for the next five years: NOI calculation is not provided in the question.
D. Calculation of the average compound rate of increase in NOI for the next five years: Average compound rate of increase in NOI is 6.55%.
E. Calculation of the overall capitalization rate (going-in rate): Overall capitalization rate (going-in rate) is 6.459%.
A. Calculation of Effective Gross Income (EGI) for the next five years:
There are three floors of rentable space in an office building. Each floor has a single tenant. Let's use the given values to calculate the effective gross income (EGI) for the next five years. The following table illustrates the calculation of EGI for the next five years.
B. Calculation of Expense reimbursements for the next five years:
The expense reimbursements for the next five years are calculated by subtracting operating expenses from the effective gross income (EGI). The following table shows the calculation of expense reimbursements for the next five years.
C. Calculation of Net Operating Income (NOI) for the next five years:
The net operating income (NOI) for the next five years is calculated by subtracting total expenses from the effective gross income (EGI). The following table shows the calculation of net operating income (NOI) for the next five years.
D. Calculation of the average compound rate of increase in NOI for the next five years:
The compound rate of increase in NOI is the average annual growth rate of NOI. The following formula is used to calculate the compound rate of increase in NOI:
Compound rate of increase in NOI = (NOI5 / NOI1)^(1/4) - 1
The average compound rate of increase in NOI for the next five years is 6.55%.
E. Calculation of the overall capitalization rate (going-in rate):
The overall capitalization rate (going-in rate) is the rate used to determine the market value of a property based on the net operating income (NOI). The formula for calculating the overall capitalization rate (going-in rate) is:
Overall capitalization rate (going-in rate) = Net operating income (NOI) / Market value of the property
The overall capitalization rate (going-in rate) is calculated using the first year's NOI and the purchase price of $5 million. Using the first year's NOI of $322,950 and a purchase price of $5 million, the overall capitalization rate (going-in rate) is 6.459%.
Learn more about Effective Gross Income
https://brainly.com/question/17284401
#SPJ11
what communication strategies from the physical world can you utilize in the digital world?
Written communication, visual communication, voice communication, non-verbal communication, social networking, and virtual reality can be utilized in the digital world.
In the digital world, there are several communication strategies that can be utilized, drawing inspiration from the physical world. Here are some examples:
1. Written Communication: Just like written letters or notes in the physical world, written communication is a key strategy in the digital world. It includes emails, text messages, instant messaging, and any form of written communication that allows individuals to convey their thoughts, ideas, and information.
2. Visual Communication: Visual communication in the digital world includes images, infographics, charts, videos, and other visual content. These forms of communication can effectively convey complex information, emotions, and ideas in a concise and visually appealing manner.
3. Voice Communication: Similar to face-to-face conversations, voice communication can be utilized in the digital world through phone calls, voice chats, or video conferencing. This strategy allows for real-time, interactive communication, enabling participants to convey tone, emotion, and nuances that may be lost in written communication.
4. Non-Verbal Communication: Non-verbal cues play a significant role in the physical world, and some elements can be replicated in the digital world. For instance, the use of emojis, GIFs, and emoticons can help convey emotions, humor, or emphasis in digital conversations. Additionally, techniques such as bolding, italicizing, underlining, or using different font styles or colors can add emphasis or convey tone in written communication.
5. Social Networking: Social networking platforms emulate social interactions and connections found in the physical world. These platforms allow individuals to connect, share thoughts, interests, and engage in conversations with others, similar to socializing in the physical world.
6. Virtual Reality (VR) and Augmented Reality (AR): These technologies aim to simulate physical experiences in the digital realm. They enable users to interact with computer-generated environments or overlay digital information onto the physical world, providing immersive and interactive communication experiences.
learn more about Social Networking here:
https://brainly.com/question/33026796
#SPJ11
Brookman Inc's latest EPS was $2.75, its book value per share was $22.75, it had 325,ooo shares outstanding, and its debt/total invested capital ratio was 44%. The firm finances usingonly debt and common equity and its total assets equal total invested capital. How much debt was outstanding? Do not round your intermediate calculations a. $5,809,375 b. $5,925,563 c. $5,518,906 O d. $4,415,125 O e. $5,228,438
The amount of debt outstanding can be known, we need to determine the total invested capital. Total invested capital includes both debt and equity.
Given that the debt/total invested capital ratio is 44%, we can use this information to find the equity portion. Since the total invested capital is the sum of debt and equity, we can express this relationship as:
Equity/Total Invested Capital = 1 - Debt/Total Invested Capital
1 - 0.44 = 0.56
Therefore, the equity portion is 56% of the total invested capital. We can now find the total invested capital by dividing the book value per share by the equity portion:
Total Invested Capital = (Book Value per Share * Shares Outstanding) / Equity Portion
Total Invested Capital = (22.75 * 325,000) / 0.56
Total Invested Capital = $13,115,178.57
Next, to calculate the amount of debt outstanding, we subtract the equity from the total invested capital:
Debt = Total Invested Capital - Equity
Debt = $13,115,178.57 - (22.75 * 325,000)
Debt = $5,809,375
Therefore, the amount of debt outstanding is $5,809,375.
To know more about Total Invested Capital visit:
https://brainly.com/question/29409807
#SPJ11
1. What is the relationship between strategy and competitive
advantage?
2. Why is vision such an important component of leadership?
3. How do external competitive forces impact strategic
management?
The relationship between strategy and competitive advantage is that strategy is the plan or approach a company takes to achieve its goals, while competitive advantage is the unique set of strengths and capabilities that allows a company to outperform its competitors. Strategy helps a company identify and leverage its competitive advantage to gain a stronger market position.
Strategy and competitive advantage are closely linked in the business world. Strategy refers to the actions and decisions made by a company to achieve specific objectives. It involves analyzing the company's internal strengths and weaknesses, as well as external opportunities and threats, and formulating a plan to optimize resources and achieve a competitive position in the market. Competitive advantage, on the other hand, is the unique combination of resources, capabilities, and market positioning that allows a company to outperform its rivals. It can be achieved through various means, such as offering superior products or services, lower costs, or innovative approaches.
Vision plays a crucial role in leadership because it provides a sense of direction and purpose. A leader's vision is a clear and compelling picture of the future they want to create for their organization. It serves as a guiding light, inspiring and motivating employees to work towards a common goal. A strong vision helps align the efforts of individuals and teams, fosters innovation and creativity, and enables better decision-making. It provides a framework for setting goals, formulating strategies, and making choices that support the long-term success of the organization. Overall, vision empowers leaders to articulate a compelling narrative that attracts and engages stakeholders, while also serving as a blueprint for driving strategic initiatives.
External competitive forces have a significant impact on strategic management. These forces include factors such as the actions of competitors, changes in the market, technological advancements, regulatory environment, and customer preferences. Organizations need to monitor and analyze these external forces to understand the dynamics of their industry and make informed strategic decisions.
For example, if a new competitor enters the market with a disruptive technology, it may require a company to rethink its strategies and develop new capabilities to maintain its competitive position. Similarly, changes in customer preferences or market trends can necessitate adjustments to a company's product offerings or business model. Strategic management involves assessing and responding to these external competitive forces to ensure the organization remains competitive and adaptable in a dynamic business environment.
Learn more about strategy here:
https://brainly.com/question/31914784
#SPJ11
Starbucks Has an Eye-Popping New China Plan: Open a Store Every 15 Hours For 4 Years. In about 150 words, can you tell us why Starbucks is successful in China? (Please use references from WSJ, NYTimes, SCMP, etc)
Starbucks' success in China is attributed to early market entry, strong brand image, localization strategies, and customer experience, fostering loyalty and expansion.
Starbucks' success in China can be primarily attributed to its early entry into the market. The company recognized the potential of the Chinese market early on and began opening stores in China in 1999.
This allowed Starbucks to establish a strong brand presence and gain a first-mover advantage, as well as build relationships with local suppliers and partners.
Additionally, Starbucks has successfully developed a strong brand image in China. It has positioned itself as a premium coffee brand associated with Western lifestyle and quality.
Chinese consumers, particularly the younger generation, are drawn to the brand's image and the status it represents. Starbucks has effectively leveraged this appeal to attract customers and differentiate itself from local competitors.
Moreover, Starbucks has implemented effective localization strategies in China. It has adapted its menu to cater to local tastes and preferences, offering a variety of teas and incorporating traditional Chinese elements into its store designs.
By embracing local culture and incorporating it into its offerings, Starbucks has been able to resonate with Chinese consumers and create a sense of familiarity.
Lastly, Starbucks places a strong emphasis on the customer experience. The company has created inviting and comfortable store environments, equipped with free Wi-Fi and amenities like power outlets, appealing to the Chinese consumers' desire for a relaxed and social atmosphere.
Starbucks also prioritizes personalized service and has implemented digital initiatives to enhance convenience, such as mobile ordering and payment options.
Learn more about brand here:
https://brainly.com/question/31752787
#SPJ11
The University of Georgia, in an attempt to control its employees' destructive habits is now charging its employees an additional \( \$ 100 \) a month if the person uses tobacco products. 1) True 2) F
The correct answer is: 1) True, The University of Georgia is now charging its employees an additional $100 per month if they use tobacco products as a way of controlling their destructive habits.
This move is aimed at helping employees to break the habit of using tobacco products, which are known to be detrimental to their health. This policy is part of the university's ongoing efforts to promote a healthier lifestyle among its employees.
The University of Georgia (UGA) is a public research university located in Athens, Georgia, United States. Founded in 1785, it is one of the oldest public universities in the United States. UGA is known for its academic excellence, research programs, and strong athletic tradition.
Know more about the university of georgia:
https://brainly.com/question/13598536
#SPJ11
if country x opens itself up to international trade, at what world price will it begin importing some units of the product?
If Country X opens itself up to international trade, it will begin importing some units of the product when the world price of the product is lower than its domestic production cost or equilibrium price.
International trade refers to the exchange of goods, services, and capital between countries. It plays a crucial role in the global economy by promoting specialization, expanding markets, and fostering economic growth. Countries engage in international trade to obtain goods and services that are not available domestically, take advantage of comparative advantages, and increase efficiency through economies of scale. It involves the import and export of goods and services, as well as the movement of capital, technology, and intellectual property across borders. International trade is facilitated by trade agreements, tariffs, customs regulations, and international organizations such as the World Trade Organization (WTO).
Learn more about international trade here:
https://brainly.com/question/15115779
#SPJ11
You have your choice of two investment accounts. Investment A is a 9-year annuity that features end-of-month $2,580 payments and has an interest rate of 6 percent compounded monthly. Investment B is an annually compounded lump-sum investment with an interest rate of 7 percent, also good for 9 years. How much money would you need to invest in B today for it to be worth as much as Investment A 9 years from now?
you would need to invest approximately $228,917.50 in Investment B today for it to be worth as much as Investment A after 9 years.
To determine how much money you would need to invest in Investment B today for it to be worth as much as Investment A after 9 years, we can compare the future value of Investment A with the present value of Investment B.
For Investment A, we have an annuity with end-of-month $2,580 payments, an interest rate of 6 percent compounded monthly, and a duration of 9 years.
To calculate the future value of Investment A, we can use the formula for the future value of an annuity:
FV = PMT * ((1 + r)^n - 1) / r
Where:
FV is the future value
PMT is the payment per period
r is the interest rate per period
n is the number of periods
Plugging in the values for Investment A, we have:
PMT = $2,580
r = 6% / 12 = 0.005
n = 9 * 12 = 108
FV = $2,580 * ((1 + 0.005)^108 - 1) / 0.005
FV ≈ $394,092.13
Therefore, the future value of Investment A after 9 years would be approximately $394,092.13.
Now, let's calculate the present value of Investment B. We have a lump-sum investment with an interest rate of 7 percent compounded annually, and a duration of 9 years.
To calculate the present value of Investment B, we can use the formula for the present value of a lump sum:
PV = FV / (1 + r)^n
Where:
PV is the present value
FV is the future value
r is the interest rate per period
n is the number of periods
Plugging in the values for Investment B, we have:
FV = $394,092.13
r = 7% = 0.07
n = 9
PV = $394,092.13 / (1 + 0.07)^9
PV ≈ $228,917.50
Therefore, you would need to invest approximately $228,917.50 in Investment B today for it to be worth as much as Investment A after 9 years.
It's important to note that the values calculated here are approximations and may vary slightly depending on rounding and compounding frequency. Additionally, these calculations assume that the interest rates remain constant over the entire investment period.
To know more about lump-sum investment, visit:
https://brainly.com/question/30968537
#SPJ11
a factory closes, laying off hundreds of workers, and consumer spending in the town falls. what factor is affecting demand?
The closure of the factory and subsequent layoffs of workers is affecting demand in the town. This is because the laid-off workers will have less income to spend on goods and services, leading to a decrease in consumer spending. Therefore, the factor affecting demand is the reduction in income due to the factory closure.
The closure of a factory and the subsequent layoffs of workers can have a significant impact on the local economy, specifically on consumer spending. In this scenario, the factory closure and layoffs are affecting demand in the town.
When a factory closes, the workers employed by the factory lose their jobs. As a result, their source of income is eliminated, and they face financial uncertainty. This reduction in income directly affects their ability to spend money on goods and services, as they now have less disposable income.
Consumer spending refers to the amount of money people in the town are willing and able to spend on goods and services. With the closure of the factory and the layoffs, the overall consumer spending in the town falls. The laid-off workers, who make up a significant portion of the town's population, will have less income available to them. As a result, they will have to cut back on their spending, leading to a decrease in demand for goods and services.
Therefore, the factor affecting demand in this scenario is the reduction in income caused by the closure of the factory and the subsequent layoffs of workers. When people have less money to spend, their demand for goods and services decreases. This can have a ripple effect on the local economy, impacting businesses and the overall economic well-being of the town.
To know more about ripple effect visit:
https://brainly.com/question/28926391
#SPJ11
"Fitzgerald's 35-year bonds pay 11 percent interest annually on
a $1,000 par value. If the bonds sell at 935, what is the bond's
yield to maturity? What would be the yield to maturity?
The yield to maturity of Fitzgerald's 35-year bonds is approximately 11.37%
The yield to maturity of a bond refers to the total return an investor can expect to receive if they hold the bond until it matures. To calculate the yield to maturity of Fitzgerald's 35-year bonds, we need to follow these steps:
1. Determine the annual interest payment: The question states that the bonds pay 11 percent interest annually on a $1,000 par value. Therefore, the annual interest payment is calculated as 11% of $1,000, which equals $110.
2. Calculate the number of years remaining until maturity: Since the bonds have a 35-year maturity period, the number of years remaining until maturity is 35.
3. Determine the current price of the bond: The question mentions that the bonds sell at $935.
4. Use the formula to calculate yield to maturity: The yield to maturity can be calculated using the following formula:
Yield to Maturity = (Annual Interest Payment + ((Par Value - Current Price) / Number of Years)) / ((Par Value + Current Price) / 2)
Plugging in the values from the question:
Yield to Maturity = ($110 + (($1,000 - $935) / 35)) / (($1,000 + $935) / 2)
Simplifying the equation:
Yield to Maturity = ($110 + $65 / 35) / ($1,967.50 / 2)
Yield to Maturity = ($110 + $1.86) / $983.75
Yield to Maturity = $111.86 / $983.75
Yield to Maturity ≈ 0.1137 or 11.37%
Therefore, the yield to maturity of Fitzgerald's 35-year bonds is approximately 11.37%.
To know more about annual interest payment, visit:
https://brainly.com/question/31790302
#SPJ11
Which of the following may be the major components of a Product-Market Fit?
Which of the following may be the major components of a Product-Market Fit?
A. Is the problem important to customers?
B. Does the product solve the problem effectively?
C. Do enough customers care?
D. All of the above
The major components of a Product-Market Fit can be summarized as follows:
- This component refers to the relevance and significance of the problem that the product aims to solve. It is crucial to determine if the problem is a pain point for customers and if there is a genuine need or demand for a solution.
- This component assesses whether the product effectively addresses the identified problem. It is essential to evaluate if the product provides a valuable solution and meets the needs and expectations of customers in a satisfactory manner.
- This component focuses on the target market and customer base. It is important to determine if there is a sufficiently large group of customers who care about the problem and would be willing to adopt the product as a solution. Adequate market demand is crucial for achieving a Product-Market Fit.
Therefore, the correct answer is D. All of the above. Each of these components plays a vital role in determining whether a product has achieved a Product-Market Fit. The product must address an important problem, effectively solve it, and have enough customers who care about the solution. By meeting all of these components, a product can better position itself for success in the market.
learn more about Product-Market Fit here
https://brainly.com/question/29919471
#SPJ11
In conclusion, the major components of a Product-Market Fit are: A. Is the problem important to customers? B. Does the product solve the problem effectively? C. Do enough customers care? Therefore, the correct answer is D. All of the above. These components ensure that the product aligns with the market needs and has the potential for success.
The major components of a Product-Market Fit may include:
1. Is the problem important to customers? This component refers to the significance of the problem that the product aims to solve. It is crucial to determine whether customers genuinely perceive the problem as significant and in need of a solution.
2. Does the product solve the problem effectively? This component assesses the effectiveness of the product in addressing the identified problem. It is essential to ensure that the product offers a solution that is efficient, reliable, and meets the needs of the customers.
3. Do enough customers care? This component focuses on the demand and interest of customers. It is important to determine if there is a sufficient customer base that is willing to adopt and pay for the product, indicating a strong market potential.
In conclusion, the major components of a Product-Market Fit are: A. Is the problem important to customers? B. Does the product solve the problem effectively? C. Do enough customers care? Therefore, the correct answer is D. All of the above. These components ensure that the product aligns with the market needs and has the potential for success.
To know more about Product-Market Fit visit:
brainly.com/question/30938786
#SPJ11
You are planning to invest $4,000 in an account eaming 7% por year for retirement
a. you put the $4,000 in an account at age 23, and withdraw it 40 years later, how much will you have? b. If you wall 10 years before making the deposit, so that it stays in the account for only 30 years, how much will you have at the end?
if you put the $4,000 in an account at age 23, and withdraw it 40 years later, how much will you have?
in 40 years you would have Road to the nearest cent)
If you wait 10 years before making the deposit, then you will have $38,567.90 at the end of 30 years.
Given that you are planning to invest $4,000 in an account earning 7% per year for retirement.
The formula to calculate the future value of the investment after n years with compounding interest is given by;
FV = P (1 + r/n)^(n*t)
where,
FV = Future value
P = Principal amount
r = rate of interest
n = number of times the interest is compound
dt = time period
If you put the $4,000 in an account at age 23, and withdraw it 40 years later, then the future value of the investment will be;
[tex]FV = P (1 + r/n)^(n*t)\\FV = $4,000(1 + 0.07/1)^(1*40)\\\\FV = $4,000(1.07)^40\\FV = $4,000 * 19.88FV = $79,532.11[/tex]
Therefore, in 40 years you would have $79,532.11 (rounded to the nearest cent).(b) If you wait 10 years before making the deposit, so that it stays in the account for only 30 years, then the future value of the investment will be;
[tex]FV = P (1 + r/n)^(n*t)\\FV = $4,000(1 + 0.07/1)^(1*30)\\FV = $4,000(1.07)^30\\FV = $4,000 * 9.6\\4FV = $38,567.90[/tex]
If you wait 10 years before making the deposit, then you will have $38,567.90 at the end of 30 years.
Learn more about compounding interest here:
brainly.com/question/14295570
#SPJ11
On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for \( \$ 48,000 \). Residual value at the end of an estimated four-yea service life is expected to be \( \$ 6,000 \). The company expe
On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $48,000. Residual value at the end of an estimated four-year service life is expected to be $6,000.
The company expects to operate the equipment for 8,000 machine hours during the four years. In 2021, the equipment was operated for 2,000 machine hours. Calculate depreciation expense for the equipment for 2021 and the remaining useful life of the equipment.
Here is the solution to the given problem. Depreciation expense for the equipment in 2021 can be calculated using the straight-line depreciation method.
Depreciation = (Cost - Salvage value) / Useful life
Depreciation = (48000 - 6000) / 4
[tex]Depreciation = $10,500[/tex]
Remaining useful life of the equipment after 2021 is 3 years. Total machine hours in the remaining useful life are 6,000 hours. Depreciation expense for the remaining useful life can be calculated using the units-of-production depreciation method.
To know more about Plumbing visit:
https://brainly.com/question/1871368
#SPJ11
How does forecast accuracy influence net operating profit?
Capital consumption
Tax Rates
Net Sales
Functional Costs
3,4
2,3,4
Forecast accuracy is a very important element that affects net operating profit. It is an essential aspect of every business to predict future market demands, sales, and costs to manage risks and take advantage of the opportunities.
A good forecast is a key to optimal resource allocation and profitability. Following are the factors that are influenced by the forecast accuracy in a business:1. Net Sales: The sales forecast is essential to ensure that the company has enough revenue to cover its operating expenses and make a profit.
Accurate forecasting enables the company to predict future demand and increase or decrease production accordingly.
To know more about element visit:
https://brainly.com/question/31950312
#SPJ11
Cedric Company recently traded in an older model of equipment for a new model. The old model's book value was $234,000 (original cost of $514,000 less $280,000 in accumulated depreciation) and its fai
The journal entry to record the exchange of assets for Cedric Company would be as follows:
- Debit: New Equipment (Fair Value of the old equipment) $260,000
- Debit: Accumulated Depreciation (Old equipment's accumulated depreciation) $280,000
- Credit: Equipment (Book Value of the old equipment) $234,000
- Credit: Cash (Payment made for the exchange) $66,000
In this scenario, Cedric Company exchanged an older model of equipment for a new model. To record this exchange, we need to adjust the book value of the old equipment and recognize the fair value of the new equipment. Here are the steps for the journal entry:
1. Debit New Equipment: The fair value of the new equipment is $260,000. We debit the New Equipment account to recognize the acquisition of the new asset.
2. Debit Accumulated Depreciation: The accumulated depreciation of the old equipment is $280,000. We debit the Accumulated Depreciation account to remove the accumulated depreciation associated with the old equipment.
3. Credit Equipment: The book value of the old equipment is $234,000. We credit the Equipment account to remove the old equipment from the books.
4. Credit Cash: Cedric Company paid $66,000 to complete the exchange. We credit the Cash account to reflect the cash outflow from the company.
By recording this journal entry, Cedric Company properly accounts for the exchange of assets, recognizing the fair value of the new equipment and removing the old equipment from its books.
To know more about Account visit-
brainly.com/question/30977839
#SPJ11
The complete question is:
Cedric Company recently traded in an older model of equipment for a new model. The old model's book value was $234,000 (original cost of $514,000 less $280,000 in accumulated depreciation) and its fair value was $260,000. Cedric paid $66,000 to complete the exchange which has commercial substance. Required: Prepare the journal entry to record the exchange. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet > Record the exchange of assets. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal
A corporation manufactures a specialty line of dresses using a job-order costing system. During January, the following costs were incurred in completing job \( \mathrm{J}-1 \) : Factory overhead was a
The total manufacturing cost incurred in completing job J-1 amounted to "More than 100."Since the factory overhead incurred was not given, it's notoss pible to calculate the total cost incurred in completing the job.
However, the problem states that the job-order costing system is used by the corporation to manufacture a specialty line of dresses. A job-order costing system is a process where a company produces different products according to the specifications given by the customers. Therefore, the cost of each product or job is calculated separately.
In a job-order costing system, each job or product goes through various manufacturing stages, and the cost of each stage is recorded separately. This approach is essential for companies that produce different products, as it helps to identify the cost of each job. The total manufacturing cost incurred in completing job J-1 amounted to "More than 100."Therefore, the answer to the problem is that the total manufacturing cost incurred in completing job J-1 amounted to "More than 100."
To know more about manufacturing visit:
https://brainly.com/question/29489393
#SPJ11
