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Kamila [148]
1 year ago
11

Nan presents her plan for a slip-on shoe that is water repellent, inexpensive, and highly fashionable. She believes that the mar

ket for the product is "everyone in the city of Seattle." Because of this, she forecasts that she will capture 40% of the market.
What is the business plan error that Nan is incurring?

a. too much fluff in the presentation
b. no clear product benefits
c. the exaggerated hockey stick
d. There is no error. This is a reasonable estimate.
Business
1 answer:
Mazyrski [523]1 year ago
5 0

Answer:

c. the exaggerated hockey stick

Explanation:

Based on the information provided within the question it can be said that the business plan error that Nan is incurring is the exaggerated hockey stick. In the context a business, "a hockey stick" explains a startups growth as a linear steady growth at launch until it hits a certain tipping point and has a growth explosion. It seems though, that in this scenario Nan is exaggerating the initial growth aspect of the startup as saying that they can capture 40% of the market, which is an extremely high value.

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As a major steel manufacturer, SteelMakers Inc. focuses on having the most efficient manufacturing processes in place. The compa
salantis [7]

Answer: Production orientation

     

Explanation: It refers to a strategy when the company focuses only to provide the best quality product in the market without taking into consideration the preference of the customers.

In the given case, Steel makers are focusing on making their business process the best in market so that they can gain a competitive advantage.

  Thus, from the above we can conclude that the correct option is C.

6 0
2 years ago
On January 1, Jackson, Inc.'s work-in-process inventory account showed a balance of $65,800. During the year, materials requisit
Elina [12.6K]

Answer:

$78,540

Explanation:

Given that,

Beginning balance = $65,800

Direct material = $67,400

Direct labor = $186,600

Transfer to finished goods inventory = $353,220

December 31 balance in work-in-process inventory:

= Beginning balance + Direct material + Direct labor + Manufacturing overhead - Transfer to finished goods inventory

= $65,800 + $67,400 + $186,600 + (60% × $186,600) - $353,220

= $65,800 + $67,400 + $186,600 + $111,960 - $353,220

= $78,540

5 0
2 years ago
Which of the following do you NOT include when calculating the closing balance of PP&E?
oksian1 [2.3K]

Answer:

d) Changes in working capital

Explanation:

the formula used for calculating net PP&E is:

Net PP&E = gross PP&E + capital expenditures - accumulated depreciation

PP&E represents fixed assets (plant, property, and equipment).

On the other hand, working capital involves current assets and liabilities such as cash, accounts receivables, accounts payable, inventories, taxes payable, etc.

8 0
1 year ago
On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. Marino planned to drive the truck for 100,000
Dmitriy789 [7]

Answer:

a- $38,000

Explanation:

Units-of-production method of depreciation is a method in which depreciation is charged based on the output given by the asset in a period.

Truck Purchase price = $48,000

Estimated unit for depreciation = $100,000 miles

Salvage value = $8,000

Total Millage in 3 years = 40,000 + 20,000 + 35,000 = 95,000 miles

Accumulated Depreciation = ( Initial cost - Salvage value) Driven Millage / estimated total Millage

Accumulated Depreciation = ( $48,000 - $8,000 ) 95,000 / 100,000 = $38,000

4 0
2 years ago
Hi I need help for this please help me out... this is my final week Assignment it's a career course, I don't want to fail!!! I w
Rainbow [258]

Answer:

<em>1. </em>

<em>Setting up office for daily operation by turning on computers, ensuring schedules are printed, and retrieving voice mail messages.</em>

I engaged with similar office management activities during my time as a Secretary in a student organization. I used Boomerang for reminding me about some schedule items.

<em>Verifying patient data.</em>

During the organization of an extracurricular event, I was delegated to check if every attendee's ID data corresponded with the data on the guest list.

<em>Assembling/creating charts for new patients.</em>

I use MS Excel all the time for various charts and tables.

<em>For billing purposes, enter charges for daily reconciliation.</em>

During a college Accounting basic course, I used to check if complimentary accounts were consistent and complete.

<em>Constructing insurance copies for proper insurance verification.</em>

During my internship in a small clinic, I occasionally used to contact insurance companies in order to check if a patient's required procedure was covered by his insurance plan. I know how to filter the relevant data essential for insurance verification purposes.

2.

<em>Handling patient concerns.</em>

My internship managers have praised my ability for active learning. Therefore, I am able to listen to the patients carefully and identify their concern

<em>Communicating in a cordial, professional manner with patients via phone and in person.</em>

As a Secretary in a student organization, I managed to build my correspondence skills and alter the tone of communication according to the interlocutor.

<em>Providing back up to all front office positions: check in, check out, and medical records.</em>

Throughout my student experience, I have worked in numerous teams. I was always eager to help my team mates, no matter the problem.

<em>Assisting patients via scheduling to obtain appointment as a first time patient and handling of reschedule list when necessary.</em>

I gained my patience skill as a health care assistant during my internship. Even during the most cumbersome activities (which can include rescheduling and the introduction of a new patient in the clinic system), I know how to stay calm with my mind on the task.

<em>Maintaining correspondence, including: progress notes and new patient packets.</em>

Being highly analytical in my work, I know how to meticulously tackle continuous tasks such as the maintenance of the necessary documentation.

6 0
2 years ago
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