BUSINESS COLLEGE

Which of the following terms is also known as the bottom line

Answers

Answer 1
Answer: Which of the following terms is also known as the bottom line? Net profit is known as the bottom line in many instances. Net profit is the the final sales dollars remaining after all expenses, interest, taxes, and dividends are subtracted from a company's total revenue. 

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COLLEGE

If Ed​ Lusk, VP for​ operations, proceeds with the existing prototype​ (option a), the firm can expect sales to be 110 comma 000 units at ​$580 ​each, with a probability of 0.65 and a 0.35 probability of 65 comma 000 at ​$580. ​If, however, he uses the value analysis team​ (option b), the firm expects sales of 85 comma 000 units at ​$740​, with a probability of 0.62 and a 0.38 probability of 60 comma 000 units at ​$740. Value​ engineering, at a cost of ​$100 comma 000​, is only used in option b. Which option has the highest expected monetary value​ (EMV)?

Answers

Answer:

Option b has the highest expected monetary value​ (EMV)

Explanation:

For Option a:

At probability 0.65:                     At probability 0.35

Units=110,000                              Units=65,000

Amount=$580 each                   Amount=$580

EMV/Total Sales=0.65(110,000*580)+0.35(65,000*580)

EMV/Total Sales=$54,665,000

For Option b:

At probability 0.62:                     At probability 0.38

Units=85,000                              Units=60,000

Amount=$740 each                   Amount=$740

EMV/Total Sales=0.62(85,000*740)+0.38(60,000*740)

EMV/Total Sales=$55,870,000

So Option B has the highest expected monetary value​ (EMV).

COLLEGE

"In the past few years, McDonald’s has made a lot of changes to its menu, adding more healthy choices and more higher-priced items, such as those offered in McCafé (e.g., premium roast coffee, antibiotic-free chicken, and fruit smoothies), and has also enhanced its in-restaurant services (e.g., free, unlimited Wi-Fi; upgraded interiors). Did McDonald’s new priorities—in terms of a broader, healthier menu and an improved in-restaurant experience—require changes to its traditional value chain activities? If so, how? Try to be as specific as possible in comparing the McDonald’s from the recent past (focusing on low-cost burgers) to the McDonald’s of today."

Answers

Answer: This can be explained as follows:-

Explanation: MCdonalds change in menus and adding more healthy choices does brings change in the traditional value chain of the company.

In traditional times company was mainly focused towards the taste of the product and  to make the service as fast and as efficient as possible but now the company is taking care of the health of its customers. Company wants to attract new customer base of health conscious people. In traditional times company's aim was to make quick service to get the tables ready every time a customer walks in but today company wants to make the restaurant a place where people can sit and enjoy their meal for a while and company is taking help of technology in this.

Answer:

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Explanation:

HIGH SCHOOL

In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new home C.by granting US veterans benefits to attend universities D.by helping poor Americans locate low- or no-cost public housing

Answers

GI Bill contributed to the growth of professional and white-collar jobs by granting US veterans benefits to attend universities.  The answer is C. 
COLLEGE

On October 1, 2015, Zircon Jewelry Company accepted a 4-month, 10% note for $2,400 in settlement of an overdue account receivable. Interest revenue was accrued through December 31, 2015. Zircon receives the maturity value of the note on the due date. Give journal entry to record the collection of funds.

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Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $2,480

         To Interest receivable $60

         To Interest revenue $20

         To Note receivable $2,400

(Being the collection of funds is recorded)

The computation of interest receivable is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $2,400 × 10% × (3 months ÷ 12 months)

= $60

And for interest revenue would be

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $2,400 × 10% × (1 months ÷ 12 months)

= $20

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