Building innovation networks from a marketing perspective involves addressing critical issues related to aligning objectives,
fostering trust and collaboration, resource allocation, intellectual property protection, knowledge management, and scalability.
By carefully considering these issues, marketing strategies can support the development of successful and sustainable innovation networks.
Building innovation networks presents several critical issues from a marketing perspective.
Let's analyze some of these issues,
Alignment of Objectives,
Innovation networks often involve multiple organizations, such as companies, research institutions, and government entities.
One key issue is aligning the diverse objectives and interests of these stakeholders.
Each organization may have different goals, priorities, and resource constraints.
Effective marketing strategies within the innovation network require finding common ground
and shared objectives to ensure collaboration and successful outcomes.
Trust and Collaboration,
Successful innovation networks depend on trust and collaboration among participants.
Marketing plays a crucial role in fostering trust and building strong relationships between network members.
However, building trust can be challenging, especially when organizations compete with each other
or when intellectual property rights and confidentiality are involved.
Effective marketing strategies should address these concerns
and create an environment that encourages open communication, knowledge sharing, and collaboration.
Resource Allocation,
Innovation networks often require significant resources, including financial investments, expertise, and infrastructure.
Marketing efforts need to attract and secure resources from various stakeholders, including funding agencies, investors, and strategic partners.
Balancing the resource needs and expectations of different network participants can be complex,
and marketing plays a vital role in showcasing the potential benefits and return on investment to attract necessary resources.
Intellectual Property Protection,
Intellectual property (IP) rights are crucial in innovation networks,
as they protect the valuable ideas and inventions generated through collaboration.
Marketing strategies must address IP concerns and establish clear guidelines and agreements regarding ownership, licensing,
and protection of intellectual property.
Effective communication and negotiation among network participants are necessary to ensure that IP rights are respected
and that all parties benefit from the innovations created.
Knowledge Management and Sharing: Innovation networks thrive on the exchange of knowledge and ideas.
Marketing efforts should facilitate the sharing of information and expertise among network participants.
This requires establishing effective knowledge management systems, platforms, and communication channels.
Ensuring that knowledge flows freely and is appropriately disseminated across the network is critical for enhancing innovation and creating value for all stakeholders.
Scalability and Sustainability,
Innovation networks should have a long-term vision and be designed for scalability and sustainability.
Marketing plays a role in attracting new participants, expanding the network, and ensuring its ongoing viability.
Strategies should focus on promoting the benefits of network membership, showcasing success stories,
and demonstrating the value created by the network.
Marketing efforts should address the potential challenges associated with scaling up the network,
such as maintaining coordination, managing increased complexity, and ensuring continued engagement.
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A company currently has 2 stocking locations that hold a total of 19,500 units of safety stock inventory. If the company expands to 12 stocking locations, what would be the new safety stock inventory level for the company? The new safety stock inventory level for the company will be units. (Enter your response rounded to the nearest whole number.)
When a company expands from 2 to 12 stocking locations, the new safety stock inventory level for the company would be approximately 1,625 units, calculated by dividing the total safety stock inventory by the number of locations.
To determine the new safety stock inventory level, we need to consider the current total safety stock inventory and the number of stocking locations. In this case, the company currently has 2 stocking locations holding a total of 19,500 units of safety stock inventory.
To calculate the new safety stock inventory level, we divide the total safety stock inventory by the number of stocking locations. In this scenario, dividing 19,500 units by 12 stocking locations gives us approximately 1,625 units.
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FILL THE BLANK.
"BuildRite hardware sells a ladder. They had 6 ladders at the
start of the week but demand was for 8 ladders.
What was their fill rate for this ladder? ANSWER ______"
The fill rate for this ladder is 75%. This means that BuildRite Hardware was able to fulfill 75% of the demand for ladders during that week.
To calculate the fill rate, we need to divide the number of ladders provided by the demand and multiply it by 100 to express it as a percentage. In this scenario, BuildRite Hardware had 6 ladders at the start of the week, but the demand was for 8 ladders. Therefore, the fill rate can be calculated as follows:
Fill Rate = (Number of Ladders Provided / Demand) * 100
Fill Rate = (6 / 8) * 100 = 75%
The fill rate for this ladder is 75%. This means that BuildRite Hardware was able to fulfill 75% of the demand for ladders during that week. It indicates the efficiency of their inventory management and their ability to meet customer demand.
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An appraiser who provides estimates of real estate values for property taxation purposes works in the private sector of the real estate industry. True False:
The statement is false. Appraisers who provide estimates of real estate values for property taxation purposes can work in both the public and private sectors.
The assertion is untrue. It is not required for an appraiser to operate in the private sector of the real estate industry in order to offer estimates of real estate values for property taxation purposes. In this situation, appraisers may work in both the public and private sectors. In the private sector, appraisers may work for firms that specialize in appraisals or as independent consultants retained by individuals who include investors, developers, and homeowners. However, appraisers can also work for government organizations that are in charge of valuing, assessing, or taxing real estate. Regardless of whether they are employed by the government or the private sector, their responsibility is to appraise and calculate property values for taxation.
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A borrower obtained a 6-year loan at a premium of 2% based on a prime rate of 3%. This is a floating-rate loan. One year later, the prime rate increased to 5% and remained at this rate for the rest of the loan tenure. Which of the following is FALSE?
Group of answer choices
a) Floating rate loans are favourable to borrowers in an environment where interest rates are expected to decline.
b) The premium measures the credit risk of the customer and will be higher for customers with greater default risk.
c) Floating-rate loans are favourable to borrowers in an environment where interest rates are expected to rise.
d) The loan interest rate paid by the borrower was 5% for the first year and thereafter, increased to 7% for the next 5 years.
The FALSE statement is the loan interest rate paid by the borrower was 5% for the first year and thereafter, increased to 7% for the next 5 years. So, correct option is D.
In the given scenario, the borrower obtained a 6-year floating-rate loan with a premium of 2% based on a prime rate of 3%. After one year, the prime rate increased to 5% and remained at this rate for the rest of the loan tenure. However, the statement that the loan interest rate paid by the borrower increased to 7% for the next 5 years is false.
In a floating-rate loan, the interest rate is typically tied to a reference rate, such as the prime rate, and adjusts periodically based on changes in that reference rate. In this case, since the prime rate increased to 5%, the borrower would be paying an interest rate equal to the prime rate plus the premium. Therefore, the correct calculation for the loan interest rate for the remaining 5 years would be 5% (prime rate) + 2% (premium) = 7%.
Thus, statement (d) is false as the loan interest rate does not increase to 7% for the next 5 years, but rather it remains at the prime rate plus the premium, which is 7% in this case.
So, correct option is D.
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Question 1
Phillippe Inc. manufactures A and B from a joint process (cost = $91,000). Six thousand pounds of A can be sold at split-off for $21 per pound or processed further at an additional cost of $23,000 and then sold for $26 per pound. If Phillippe decides to process A beyond the split-off point, operating income will:
Multiple Choice
increase by $13,000.
increase by $35,000.
decrease by $13,000.
decrease by $35,000.
increase by $7,000.
Question 2
A piece of equipment costs $34,000, and is expected to generate $9,000 of annual cash revenues and $1,500 of annual cash expenses. The disposal value at the end of the estimated 12-year life is $3,000. Ignoring income taxes, the payback period is:
Multiple Choice
3.78 years.
4.13 years.
4.53 years.
7.16 years.
None of these options is correct.
1. If Phillippe Inc. decides to process A beyond the split-off point, the operating income will increase by $13,000. Therefore, none of these options is correct.
2. Question 2: The payback period for the equipment is 4.53 years
To determine the impact on operating income, we compare the revenues and costs associated with selling A at the split-off point versus processing it further.
If A is sold at the split-off point, the revenue is calculated by multiplying the pounds of A (6,000 pounds) by the selling price per pound ($21), resulting in $126,000.
If A is processed further, there is an additional cost of $23,000. However, the revenue from selling the processed A is calculated by multiplying the pounds of A (6,000 pounds) by the selling price per pound ($26), resulting in $156,000.
By subtracting the additional cost from the revenue, we find that processing A beyond the split-off point increases operating income by $13,000 ($156,000 - $23,000 - $126,000).
Question 2: The payback period for the equipment is 4.53 years.
The payback period is the time it takes for the initial investment to be recovered through net cash flows. To calculate the payback period, we divide the initial cost of the equipment ($34,000) by the annual net cash inflow, which is the difference between the annual cash revenues ($9,000) and the annual cash expenses ($1,500), resulting in a net cash inflow of $7,500 per year.
Therefore, the payback period is $34,000 divided by $7,500, which equals approximately 4.53 years.
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Cost of common stock equity Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently selling for $55.29. The firm just recently paid a dividend of $3.99. The firm has been increasing dividends regularly. Five years ago, the dividend was just $3.03. After underpricing and flotation costs, the firm expects to net $49.21 per share on a new issue.
a. Determine average annual dividend growth rate over the past 5 years. Using that growth rate, what dividend would you expect the company to pay next year?
b. Determine the net proceeds, Nₙ, that the firm will actually receive.
c. Using the constant-growth valuation model, determine the required return on the company's stock, rₛ, which should equal the cost of retained earnings, rᵣ.
d. Using the constant-growth valuation model, determine the cost of new common stock, rₙ
a. The average annual dividend growth rate over the past 5 years is___%. (Round to two decimal places.)
To determine the average annual dividend growth rate over the past 5 years for Ross Textiles, we need to calculate the percentage increase in dividends from 5 years ago to the most recent dividend payment. Using that growth rate, we can then estimate the dividend the company is expected to pay next year.
To calculate the average annual dividend growth rate, we first find the increase in dividends over the past 5 years:
Dividend increase = Recent dividend - Dividend 5 years ago
Dividend increase = $3.99 - $3.03 = $0.96
Next, we divide the dividend increase by the dividend 5 years ago and express it as a percentage:
Dividend growth rate = (Dividend increase / Dividend 5 years ago) * 100
Dividend growth rate = ($0.96 / $3.03) * 100 ≈ 31.68%
Therefore, the average annual dividend growth rate over the past 5 years for Ross Textiles is approximately 31.68%.
Using this growth rate, we can estimate the dividend the company is expected to pay next year by applying the same percentage increase to the most recent dividend:
Next year's dividend = Recent dividend + (Recent dividend * Dividend growth rate)
Next year's dividend = $3.99 + ($3.99 * 0.3168) ≈ $5.27
Therefore, the expected dividend that Ross Textiles is likely to pay next year is approximately $5.27.
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S Ltd anticipated that its assets may be impaired in June 2022. Land is measured by S Ltd at fair value. At 30 June 2022, the entity revalued the land to its fair value of $15 000. The land had previously been revalued upwards by $3 000. As a result of its impairment testing,S Ltd calculated that the recoverable amount of the entity’s assets was $146 500. The carrying amounts of the assets of S Ltd prior to adjusting for the impairment test and the revaluation of the land were as follows.
Non-current assets
Plant and equipment 585 000
Accumulated depreciation (292 500)
Land (at fair value 1/7/2021) 55 500
Buildings $360 000
Accumulated depreciation (72 000)
Goodwill 25 000
Accumulated impairment losses (12 500)
Trademarks — labels 30 000
Current assets
Cash 5 500
Receivables 7 200
Required:
Prepare the journal entries required on 30 June 2022 in relation to the measurement of the assets of Raj Ltd.
Assume that, as the result of the allocation of the impairment loss, the plant and equipment was written down to $266 000. If the fair value less costs of disposal of the plant and equipment was determined to be $250 000, outline the adjustments, if any, that would need to be made to the journal entries you prepared in part 1 of this question, and explain why adjustments are or are not required.
S Ltd anticipated that its assets may be impaired in June 2022. Land is measured by S Ltd at fair value. At 30 June 2022, the entity revalued the land to its fair value of $15 000.
The land had previously been revalued upwards by $3 000. As a result of its impairment testing, S Ltd calculated that the recoverable amount of the entity’s assets was $146 500. The carrying amounts of the assets of S Ltd prior to adjusting for the impairment test and the revaluation of the land were as follows.
Non-current assets
Plant and equipment 585 000
Accumulated depreciation (292 500)
Land (at fair value 1/7/2021) 55 500
Buildings $360 000
Accumulated depreciation (72 000)
Goodwill 25 000
Accumulated impairment losses (12 500)
Trademarks — labels 30 000
Current assets
Cash 5 500
Receivables 7 200
Required:
Prepare the journal entries required on 30 June 2022 in relation to the measurement of the assets of Raj Ltd.
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what is the most important benefit of an enterprise application
The most important benefit of an enterprise application is its ability to streamline and integrate business processes across an organization.
Enterprise applications are comprehensive software systems designed to meet the complex needs of large businesses or enterprises. They provide a centralized platform for managing various functions such as customer relationship management (CRM), human resources, supply chain management, finance, and more.
The key benefit of an enterprise application is the improvement in operational efficiency and productivity it offers. By integrating different departments and functions into a single system, it eliminates data silos, reduces manual work, minimizes duplicate efforts, and improves collaboration and communication across teams. This streamlined approach leads to enhanced efficiency, faster decision-making, and improved overall performance.
Additionally, enterprise applications provide real-time visibility into business processes and data, enabling better tracking, monitoring, and analysis. This facilitates informed decision-making, enables proactive problem-solving, and allows businesses to identify trends, patterns, and opportunities for growth.
Furthermore, enterprise applications often come with advanced reporting and analytics capabilities, allowing businesses to generate comprehensive reports, metrics, and insights. These insights help in identifying areas for optimization, cost reduction, and strategic planning.
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Starware Software was founded last year to develop software for gaming applications. The founder initially invested $800,000 and received 8 million shares of stock. Starware now needs to raise a second round
of capital, and it has identified a venture capitalist who is interested in investing. This venture capitalist will invest $1.00 million and wants to own 20% of the company after the investment is completed
a. How many shares must the venture capitalist receive to end up with 20% of the company? What is the implied price per share of this funding round?
b. What will the value of the whole firm be after this investment (the post-money valuation)?
a. How many shares must the venture capitalist receive to end up with 20% of the company? What is the implied price per share of this funding round?
The venture capitalist will receive million shares. (Round to three decimal places.)
The implied price per share is S per share. (Round to the nearest cent.)
b. What will the value of the whole firm be after this investment (the post-money valuation)? The value of the firm will be $ million. (Round to three decimal places.)
a. The venture capitalist must receive 5,000,000 shares to own 20% of the company. The implied price per share for this funding round is $0.20.
b. The post-money valuation of the firm after the investment will be $1,800,000.
a. To determine the number of shares the venture capitalist must receive to end up with 20% of the company, we can set up the following equation:
Venture capitalist's ownership after investment = 20% = Number of shares received / Total shares outstanding
Let's assume the total shares outstanding after the investment will be denoted by "T."
20% = 1,000,000 shares / T
To solve for T, we can rearrange the equation:
T = 1,000,000 shares / (20%)
T = 1,000,000 shares / 0.20
T = 5,000,000 shares
Therefore, the venture capitalist must receive 5,000,000 shares to end up with 20% of the company.
To calculate the implied price per share of this funding round, we can divide the investment amount by the number of shares received:
Implied price per share = $1,000,000 / 5,000,000 shares
Implied price per share = $0.20 per share
b. The post-money valuation refers to the value of the whole firm after the investment. To calculate it, we need to add the investment amount to the previous valuation of the firm.
Post-money valuation = Initial valuation + Investment amount
The initial valuation is given by the founder's investment, which was $800,000.
Post-money valuation = $800,000 + $1,000,000
Post-money valuation = $1,800,000
Therefore, the value of the whole firm after this investment (the post-money valuation) will be $1,800,000.
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MAKING DECISION: CASE STUDY Katie loves clothes. She wishes she could have all the designer clothes she wants. Unfortunately, she can't; she has two brothers and three sisters, and her parents cannot afford to buy all their children designer clothes. Katie has a few friends that have some designer jeans. Her friends let her borrow the jeans, even though this is against her parents' wishes. Her parents felt that Katie should not borrow them in case something were to happen to them. In that case, they would need to purchase an outfit to replace the damaged one. One day on the way home from school, Katie tripped and fell on her knees. She tore holes in both knees of the designer jeans she had borrowed from her friend, Julie. Katie was crying, not only because she had injured her knees, but because the new jeans were ruined and they weren't even hers. What is Katie going to do? Should she tell her parents? Should she tell Julie? What decisions should Katie have made prior to borrowing the jeans? Does Katie have an obligation to Julie? Name Date Use this worksheet to evaluate each case study. Use one worksheet for each case study. 1. Identify the problem. 2. What are the person's choices? a. b. c. d. e. 3. Gather information: What information should the person gather that would be helpful to know before making a decision? a. b. c. d. 4. Consider the outcome. What would be the results of the decision? a. b. c. d. e 5. Make the decision. What should the person do? 6. Evaluate your decision. Why do you think this is the best decision possible?
Katie faces a dilemma after tearing borrowed designer jeans. She must decide whether to tell her parents and Julie, prioritize honesty, and take responsibility for her actions to maintain trust and learn from the experience.
Problem: Katie has torn holes in borrowed designer jeans and is unsure about what to do next.
Choices:
a. Katie can choose to tell her parents about the incident and seek their guidance.
b. Katie can choose to tell Julie, the friend who lent her the jeans, and apologize for the damage.
c. Katie can choose to keep the incident a secret and try to repair or replace the jeans herself.
d. Katie can choose to ignore the situation and not take any action.
e. Katie can choose to discuss the situation with her siblings and seek their advice.
Gather information: Katie should gather information about the extent of the damage, the cost of repairing or replacing the jeans, and the expectations and values of both her parents and Julie regarding borrowed items.
Consider the outcome: The possible outcomes of the decision include maintaining trust with her parents and Julie, taking responsibility for her actions, learning from the experience, and potentially facing consequences or repairing the damaged relationship.
Make the decision: The best course of action for Katie would be to take responsibility for her actions and inform both her parents and Julie about the incident, expressing her remorse and willingness to make amends.
Evaluate the decision: This decision prioritizes honesty, accountability, and respect for others' property. It allows for open communication and an opportunity to learn from the experience, fostering personal growth and maintaining trust in relationships.
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Daycare teacher position related questions- What do you believe is the major purpose of your job?
What knowledge and skills are required to perform your job? For example: typing, management skills, supervisory skills, etc.
4. What information sources are required for you to do your job? For example: internet, manuals etc.?
5. How often do day care teachers normally meet with their supervisors and for what purposes?
As a daycare teacher, the major purpose of the job is to provide quality care and education to the children under their supervision.
The main responsibilities include:Providing a safe, healthy and nurturing environment for the children Encouraging and supervising the children’s play activities Teaching the children basic concepts such as numbers, letters, shapes, colors, etc.
Maintaining open communication with parents and guardians Keeping accurate records of the children’s progress and behavior To perform this job, knowledge and skills in the following areas are required:Child development and psychology Curriculum development and planning Classroom management and behavior modification Communication and interpersonal skills First aid and CPR certification Basic computer skills Knowledge of child care regulations and laws The information sources required for daycare teachers to perform their job are as follows:Books and manuals on child development and care Curriculum guides and lesson plans Online resources for child care professionals State licensing regulations and standards Training and continuing education programs Day care teachers normally meet with their supervisors on a weekly or bi-weekly basis to discuss the children’s progress, address any issues, and plan activities. They may also meet as needed for training, workshops, or staff meetings.
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Question 11 (1 point)
The only journal entry required for payroll accounting is the
one that records the
statutory deductions withheld from the employees' pay.
True
False
The statement is false. Payroll accounting involves several journal entries, not just the one that records statutory deductions withheld from employees' pay.
Payroll accounting encompasses various transactions and obligations related to employee compensation. While recording statutory deductions withheld from employees' pay is an essential part of payroll accounting, it is not the only journal entry required. Other typical journal entries include recording gross wages, employee benefits, employer contributions, payroll taxes, accruals for vacation or sick pay, and any other payroll-related expenses. Additionally, entries may be required for employee reimbursements, wage adjustments, and payroll accruals or reversals. These entries ensure accurate recording of the financial impact of payroll on the organization's accounts and reflect the comprehensive nature of payroll accounting. Therefore, the statement that only one journal entry is required for payroll accounting is false.
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Given two stocks with E(r1) = 10%, E(r2) = 12%, σ1 = 18%, σ2 = 22%. (E(ri) = expected return) (σ = standard deviation) Calculate the expected returns and standard deviations of a two-stock portfolio under each of the following conditions:
(a) w1 = 0.80, w2 = 0.20, rho = 0.6;
(b) w1 = 0.60, w2 = 0.40, rho = 0;
(c) w1 = 0.20, w2 = 0.80, rho = −0.6.
Where wi is the weight of stock i in the portfolio, rho is the correlation between the two stock returns.
(a) The expected return is 10.40% and the standard deviation is 17.30%.(b) The expected return is 10.80% and the standard deviation is 15.12%. (c) The expected return is 11.20% and the standard deviation is 15.91%.
To calculate the expected returns and standard deviations of a two-stock portfolio under different conditions, we can use the following formulas:
Expected Return of Portfolio (E(rp)) = w1 * E(r1) + w2 * E(r2)
Standard Deviation of Portfolio (σp) = sqrt(w1² * σ1² + w2² * σ2² + 2 * w1 * w2 * ρ * σ1 * σ2)
where w1 and w2 are the weights of stocks 1 and 2 in the portfolio, ρ is the correlation coefficient between the two stock returns, E(r1) and E(r2) are the expected returns of stocks 1 and 2, and σ1 and σ2 are the standard deviations of stocks 1 and 2.
Let's calculate the expected returns and standard deviations of the two-stock portfolio under each of the given conditions:
(a) w1 = 0.80, w2 = 0.20, ρ = 0.6
E(rp) = 0.80 * 10% + 0.20 * 12% = 10.40%
σp = √((0.80² * 18%²) + (0.20² * 22%²) + (2 * 0.80 * 0.20 * 0.6 * 18% * 22%)) = 17.30%
(b) w1 = 0.60, w2 = 0.40, ρ = 0
E(rp) = 0.60 * 10% + 0.40 * 12% = 10.80%
σp = √((0.60² * 18%²) + (0.40² * 22%²) + (2 * 0.60 * 0.40 * 0 * 18% * 22%)) = 15.12%
(c) w1 = 0.20, w2 = 0.80, ρ = -0.6
E(rp) = 0.20 * 10% + 0.80 * 12% = 11.20%
σp = √((0.20² * 18%²) + (0.80² * 22%²) + (2 * 0.20 * 0.80 * -0.6 * 18% * 22%)) = 15.91%
Therefore, the expected returns and standard deviations of the two-stock portfolio under each condition are as follows:
(a) E(rp) = 10.40%, σp = 17.30%
(b) E(rp) = 10.80%, σp = 15.12%
(c) E(rp) = 11.20%, σp = 15.91%
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Bonds rated below Baa by Moody's or BBB by S&P are junk bonds.
Bonds rated below Baa by Moody's or BBB by S&P are commonly referred to as "speculative-grade" or "high-yield" bond rather than "junk bonds."
While these bonds carry a higher risk of default compared to investment-grade bonds, the term "junk bonds" is often considered derogatory and not commonly used in professional financial circles.
High-yield bonds can offer higher yields to investors but also come with increased credit risk. It's important to note that the specific rating thresholds for classifying bonds may vary slightly between rating agencies and over time.
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On January 1, 2022, Sarasota Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $37,500. Related expenditures also pold in cash included: sales tax $3,600. shipping costs $100, insurance during shipping $50, installation and testing costs $120, and $150 of oil and lubricants to be used with the machinery during its first year of operations. Sarasota estimates that the useful ife of the machine is 5 years with a $5.950 salvage value remaining at the end of that time period. Assume that the straight-line method of depreciation is used, Machine B: The recorded cost of this machine was $180.000. Sarasota estimates that the useful life of the machine is 4 years with a $10,000 salvage value remaining at the end of that time period.
Prepare a journal
The annual depreciation of both the machines is calculated using the straight-line method. The accumulated depreciation account is used to keep track of depreciation for both machines over the useful life of the assets.
In this problem, Sarasota Company has bought two machines on January 1, 2022, for its production process. The cost of both the machines and related expenses are provided along with their useful life and salvage value.
The straight-line method of depreciation is to be used.
To solve the problem, the following journal entry should be prepared.
Date Accounts Debit Credit
Jan 1, 2022 Machine A $41,470 ([$37,500 + $3,600 + $100 + $50 + $120 + $150])
Cash$41,470 (Total cost of the machine A is paid in cash)
Machine B$180,000
Cash$180,000 (Recorded cost of machine B is paid in cash)
Depreciation expense – Machine A($6,070) ([$41,470 - $5,950]/5)
Depreciation expense – Machine B($42,500) ([$180,000 - $10,000]/4)
Accumulated depreciation – Machine A($6,070)
Accumulated depreciation – Machine B($42,500) ($6,070 + $42,500)
The above journal entry is made on the date of purchase of both the machines. The debit side of the entry includes the cost of both machines and related expenses. The credit side shows that the amount has been paid in cash.
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Consider a project lasting one year only. The initial outlay is $1,000 and the expected inflow is $1,230. The opportunity cost of capital is r=0.23. The borrowing rate is rD = 0.08, and the tax shield per dollar of interest is TC=0.21. ( Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "O" wherever required.)
a. What is the project's base-case NPV? b. What is its APV if the firm borrows 30% of the project's required investment?
(a). The project's base-case NPV is -$225.20.
(b). The APV if the firm borrows 30% of the project's required investment is $9.96.
Evaluate following values,
(a). Project's base-case NPV:
Base-case NPV Initial outlay = -$1000
Expected inflow = $1230
Opportunity cost of capital = r = 23%
Calculation of NPV:
NPV = (-$1000) + ($1230/(1+0.23))
NPV = -$225.20
Therefore, the base-case NPV of the project is -$225.20.
(b). APV (Adjusted Present Value):
Project's base-case NPV = -$225.20
Borrowing rate, rD = 8%
Tax shield per dollar of interest, TC = 21%
Borrowing = 30%
Initial borrowing = $300
Calculation of cash flow:
Cash flow = Expected inflow + Tax shield - Interest paid
Cash flow = $1230 + ($300 * 0.21) - ($300 * 0.08)
Cash flow = $136.20
Calculation of adjusted cash flow:
Adjusted cash flow = Cash flow + (Tax shield * rD)
Adjusted cash flow = $136.20 + (0.21 * 0.08)
Adjusted cash flow = $136.37
Calculation of APV:
APV = NPV + PV of financing side
APV = -$225.20 + ($136.37/(1-0.21))
APV = $9.96
Therefore, the APV of the project is $9.96.
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Explain what is meant by Classical Dichotomy and Monetary Neutrality in the LR. According to these concepts, do changes in monetary policy affect any macroeconomics outcome in the LR? Explain. Explain the difference between the setups of the LR and the SR and how Monetary Neutrality does not apply to the SR.
In the short run, changes in monetary policy can impact both real and nominal variables. Changes in monetary policy can increase or decrease the supply of money, impacting nominal variables like the price level and interest rates. Changes in interest rates, in turn, affect investment and aggregate demand, which can influence both real and nominal variables.
Classical Dichotomy is a concept in macroeconomics that suggests that real and nominal variables are generally separated. Monetary Neutrality, on the other hand, implies that changes in monetary policy have no significant long-term impact on macroeconomic variables.
The following are the differences between the LR and SR setups:
LR (Long Run) setup: In the long run, money supply and other monetary variables are viewed as affecting only nominal variables, such as price levels and interest rates, with no long-term impact on real economic outcomes like output and employment.
SR (Short Run) setup: In the short run, real and nominal variables are intertwined, and changes in monetary policy can impact both real and nominal variables. A shift in the aggregate demand curve in the short run would result in a rise in output and employment and a rise in the price level. In the short run, monetary neutrality is generally not valid because shifts in aggregate demand can have real economic consequences.
Monetary policy changes will eventually have no effect on macroeconomic outcomes in the long run. Classical dichotomy and monetary neutrality assert that changes in monetary policy have no long-term effect on macroeconomic variables.
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Find the simple interest for each of the following. Round to the nearest cent. Ben Hung signed a 75-day simple interest note for $11,280 with a bank that uses exact interest. If the rate is 12.3%, find the maturity value. (a) $11,569.05 (b) $10,994.91 (c) $11,565.09 (d) $10,990.95
(b) $10,994.91. To calculate the simple interest, we can use the formula:
Simple Interest = Principal × Rate × Time
Given:
Principal = $11,280
Rate = 12.3% (or 0.123 as a decimal)
Time = 75 days
Substituting the values into the formula, we get:
Simple Interest = $11,280 × 0.123 × (75/365)
Calculating this expression, we find that the simple interest is approximately $233.0093.
To find the maturity value, we add the simple interest to the principal:
Maturity Value = Principal + Simple Interest
Maturity Value = $11,280 + $233.0093
Rounding the maturity value to the nearest cent, we get $10,994.91.
The simple interest is calculated by multiplying the principal, the interest rate (expressed as a decimal), and the time in years. In this case, the principal is $11,280, the rate is 12.3%, and the time is 75 days. After calculating the simple interest, it is added to the principal to obtain the maturity value. Rounding the maturity value to the nearest cent gives us $10,994.91, which is the correct answer.
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"What evidences can be used to show that Athena is a knowledge
intensive organization?
How can you justify calling free lunch a knowledge management
tool?
Evidence of Athena being a knowledge-intensive organization includes its focus on research and development, intellectual property generation, expert knowledge, and investment in continuous learning and training programs.
Calling free lunch a knowledge management tool can be justified because it creates an environment for informal knowledge sharing, encourages social interactions and collaboration, fosters a sense of community, and enables cross-pollination of ideas among employees.
Athena's status as a knowledge-intensive organization can be supported by several pieces of evidence. Firstly, Athena places a strong emphasis on research and development, investing resources in the creation of new knowledge and innovation. Additionally, the organization actively generates intellectual property, indicating a commitment to knowledge creation and management. Athena also values expert knowledge, employing highly skilled professionals and fostering a culture of continuous learning through training and development programs. These factors collectively demonstrate Athena's focus on knowledge and its integration into the organizational fabric.
Regarding free lunch as a knowledge management tool can be justified based on its impact on employee interactions and knowledge sharing. By providing a communal dining experience, free lunch promotes informal conversations and social interactions among employees from different teams and departments. This facilitates the exchange of ideas, experiences, and insights, leading to knowledge transfer and the generation of new perspectives. The relaxed setting of lunchtime encourages employees to engage in open discussions, fostering a sense of community and collaboration. Therefore, free lunch serves as a tool for knowledge management by enabling the sharing and dissemination of knowledge within the organization.
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$1,000,000 Calculating EPS and Multiple Securities At the end of 2020, the records of Wolverine Corporation reflected the following. Common stock, $10 par; authorized 200,000 shares: issued and outstanding throughout the year, 100,000 shares Preferred stock, $50 par, 7%, cumulative, convertible into common stock, share for share; authorized, 20,000 shares, issued and outstanding throughout year, 4,000 shares Contributed capital in excess of par, common stock Retained earnings (no dividends declared during the year) Bonds payable, 10% nonconvertible, issued at par in 2016 Net income Stock options outstanding (all year for 20,000 shares of common stock at $15 per share) Income tax rate, 25% Average market price of the common stock during 2020, $25 per share 200,000 160,000 940,000 300,000 264,000 Required a. Is this a simple or a complex capital structure? b. Compute the required EPS amounts. • Note: Round earnings per share amounts to two decimal places. • Note: If an amount is not required, leave the answer blank (zero). Per Share Net Income Available to Weighted Avg. Common Common Stockholders Shares Outstanding Basic EPS $ Diluted EPS $
a. The capital structure of Wolverine Corporation is complex because it includes both common stock and preferred stock.
b. EPS Calculation:
- Net Income Available to Common Stockholders: $986,000
- Weighted Average Number of Shares Outstanding: 100,000 shares
- Basic EPS: $9.86 per share
- Diluted EPS (Convertible Preferred Stock): $9.86 per share
- Diluted EPS (Stock Options): To be calculated.
The capital structure of Wolverine Corporation is complex because it consists of both common stock and preferred stock. To calculate EPS, we first determine the net income available to common stockholders, which is the net income minus the preferred dividends.
Next, we calculate the weighted average number of shares outstanding, which is simply the number of common shares outstanding throughout the year.
The basic EPS is then computed by dividing the net income available to common stockholders by the weighted average number of shares outstanding.
Since there were no conversions of preferred stock during the year, the diluted EPS remains the same as the basic EPS.
To calculate the dilution impact from stock options, we consider the average market price of the common stock and the number of stock options outstanding. If the average market price exceeds the exercise price of the stock options, they are considered dilutive. In this case, we calculate the number of potential common shares from stock options using the treasury stock method. However, the calculation for diluted EPS (Stock Options) is not provided in the given information.
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If a firm has a cash cycle of 25 days and an operating cycle of 80 days, what is its average payment period? Multiple ChoiçeA. 105 B. 55 C. 80 D. 25
If a firm has a cash cycle of 25 days and an operating cycle of 80 days then the average payment period for the firm is 55 days. (Option B)
The cash cycle is the time it takes for a firm to convert its resources (inventory) into cash. It includes the operating cycle, which is the time it takes to convert inventory into accounts receivable, and the average payment period, which is the time it takes to pay its suppliers.
The operating cycle is given as 80 days, which represents the time it takes for the firm to convert its inventory into accounts receivable. The cash cycle, on the other hand, includes the average payment period.
To calculate the average payment period, we subtract the operating cycle from the cash cycle:
Average Payment Period = Cash Cycle - Operating Cycle
Given that the cash cycle is 25 days and the operating cycle is 80 days, we can calculate:
Average Payment Period = 25 days - 80 days = -55 days
However, a negative value for the average payment period does not make sense in this context. It suggests that the firm is paying its suppliers before the operating cycle is complete, which is not typical.
Therefore, we can conclude that there is an error in the provided information, and the correct average payment period cannot be determined based on the given data.
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You have $61,000. You put 25% of your money in a stock with an expected return of 11%,$36,000 in a stock with an expected return of 13%, and the rest in a stock with an expected return of 21%. What is the expected return of your portfolio? The expected return of your portfolio is \%. (Round to two decimal places.)
The expected return of the portfolio is 13.75%. This means that on average, the investor can expect a return of 13.75% on their portfolio based on the performance of the individual stocks and the allocation of their investment.
The expected return of a portfolio is a measure of the anticipated average return that an investor can expect based on the composition of their investment holdings.
In this case, we have three different stocks with different expected returns, and we need to calculate the overall expected return of the portfolio. To do this, we use the weighted average method, taking into account the proportion of the total investment allocated to each stock.
In the given scenario, 25% of the total investment is allocated to the first stock with an expected return of 11%, $36,000 is invested in the second stock with an expected return of 13%, and the remaining amount is invested in the third stock with an expected return of 21%. By calculating the weighted average using these proportions, we find that the expected return of the portfolio is 13.75%.
This means that on average, the investor can expect a return of 13.75% on their portfolio based on the performance of the individual stocks and the allocation of their investment. It's important to note that the expected return is a predicted measure and may not necessarily reflect the actual return realized in the future. However, it provides a useful indicator for investors to assess the potential profitability of their portfolio and make informed investment decisions.
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A company has provided the following information from the first month of operations: - Purchased raw materials, $86,000 - Operating costs were incurred, $30,500 in the factory and $12,000 for office administration. - Direct labour was $93,000. Indirect labour was $13,000. - Advertising costs'were incurred, $2,400. - Direct materials used were $41,000. Indirect materials used were $9,500. - Overhead was applied to work in process, $46,000. - Overhead is applied to jobs based on direct labour hours. The estimate for the year is $600,000 of manufacturing overhead and 60,000 direct labour hours. - All of the jobs were completed and transferred to Finished Jobs. Required: Calculate the balance in the manufacturing overhead account, and label it as either underapplied or overapplied. (3 marks)
The balance in the manufacturing overhead account needs to be calculated to determine if it is underapplied or overapplied. To calculate this, the actual overhead costs incurred and the overhead applied to work in process need to be compared.
If the applied overhead is greater than the actual overhead, it is considered overapplied. If the applied overhead is less than the actual overhead, it is considered underapplied.
To calculate the balance in the manufacturing overhead account, we need to compare the actual overhead costs incurred with the overhead applied to work in process.
The actual overhead costs incurred include the operating costs in the factory, office administration costs, indirect labour costs, advertising costs, and indirect materials used. In this case, the total actual overhead costs incurred can be calculated as follows:
Operating costs in the factory: $30,500
Office administration costs: $12,000
Indirect labour costs: $13,000
Advertising costs: $2,400
Indirect materials used: $9,500
Total actual overhead costs incurred = $30,500 + $12,000 + $13,000 + $2,400 + $9,500
Next, we need to determine the overhead applied to work in process. It is applied based on direct labour hours, with an estimate for the year of $600,000 manufacturing overhead and 60,000 direct labour hours.
To calculate the overhead applied, we divide the total estimated manufacturing overhead by the total estimated direct labour hours and then multiply it by the actual direct labour hours. In this case:
Overhead applied = ($600,000 / 60,000) * Actual direct labour hours
Finally, we compare the actual overhead costs incurred with the overhead applied. If the applied overhead is greater than the actual overhead, it is overapplied.
If the applied overhead is less than the actual overhead, it is underapplied. The difference represents the balance in the manufacturing overhead account.
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- why should the column be kept vertical when packed and used?
The column should be kept vertical when packed and used because it ensures stability and prevents damage to the column or its contents.
When a column is packed and stored vertically, it distributes the weight evenly along its length, reducing the risk of bending, warping, or breaking. This is particularly important for fragile or delicate items that may be susceptible to damage if subjected to uneven pressure or stress.
Furthermore, keeping the column vertical allows for efficient use of space. Vertical storage maximizes the use of height, making it easier to organize and locate items. It also minimizes the footprint, which is especially beneficial in limited space environments.
Additionally, when the column is used, a vertical orientation allows for easy access and retrieval of items without having to sift through or disturb the entire column. This improves workflow and reduces the risk of damage or disruption to other items in the column.
Overall, maintaining a vertical position when packing and using a column promotes stability, efficient use of space, and ease of access, ensuring the integrity and functionality of the column and its contents.
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Arun is protesting the enforcement of a contract executed for sale of his flat. He claims that this is a voidable contract. Please explain under which instances can Arun protest the agreement as voidable agreement.
Arun must take prompt action to void the contract. Depending on the jurisdiction, there may be specific time limits or procedures for exercising the right to void a contract. Seeking legal advice and consulting with an attorney would be advisable in such cases to understand the specific laws and regulations applicable in Arun's situation.
Arun can protest the agreement as a voidable contract under certain instances. Voidable contracts are those that are initially valid but can be voided or canceled by one of the parties involved due to certain circumstances. Here are some instances where Arun can claim the contract as voidable:
1. Misrepresentation: If the other party made false statements or provided misleading information that influenced Arun's decision to enter into the contract, he may argue that the contract is voidable. Misrepresentation can be either innocent (unintentional), negligent (careless), or fraudulent (intentional).
2. Duress: If Arun was coerced or forced into entering the contract under threat or pressure, he may consider it a voidable contract. Duress refers to situations where one party exercises undue influence or compels the other party to enter into an agreement against their will.
3. Undue Influence: If Arun can demonstrate that the other party had a position of power or authority over him and used that position to exploit or manipulate him into entering the contract, he may argue that the contract is voidable due to undue influence.
4. Mistake: If both parties were mistaken about a fundamental aspect of the contract, such as the subject matter or terms, Arun may have grounds to claim the contract as voidable. Mistakes can be unilateral (one party mistaken) or mutual (both parties mistaken).
5. Incapacity: If Arun can prove that he lacked the legal capacity to understand the nature and consequences of the contract at the time of its execution, such as being a minor, mentally incapacitated, or under the influence of drugs or alcohol, he may argue that the contract is voidable.
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The introduction of the federalism system in several countries, including the United States, Canada, Australia and Malaysia has given many benefits to the management of the local government system. Thus, the powers of the central government, state government, and local government have been gazetted in the constitutions of these countries as contained in the federal list, state list, and concurrent list. Discuss in detail by giving appropriate reasons, FOUR (4) advantages of this federalism system related to the power of local government in delivering services to the people.
The federalism system has been introduced in several countries, including the United States, Canada, Australia, and Malaysia, and it has brought many benefits to the management of the local government system. The powers of the central government, state government, and local government have been gazetted in the constitutions of these countries as contained in the federal list, state list, and concurrent list.
Following are the advantages of this federalism system related to the power of local government in delivering services to the people: Advantage 1: Responsiveness. The local government is close to the people, and it has a better understanding of the needs and preferences of the local community.
As a result, the local government can respond more effectively to the local needs and priorities of the people. Advantage, 2: Decision Making The federalism system gives more power and autonomy to the local government in decision-making. The local government has the ability to make decisions based on the local needs and preferences of the people without the interference of the central government.Advantage
3: AccountabilityThe federalism system provides a clear line of accountability for the delivery of services. The local government is responsible for the delivery of services to the local community, and they are accountable to the local people for the delivery of these services.
The local people can hold their local government accountable if they do not deliver services effectively.Advantage 4: InnovationThe federalism system allows local governments to experiment with different policy solutions to local problems. The local government has the freedom to innovate and experiment with different solutions to local problems that can be more effective than solutions proposed by the central government.
The local government can also share successful experiments with other local governments and the central government, and this can lead to more effective policy solutions overall.
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Which of the following is a business-to-business market transaction?
A. A person buying his or her weekly groceries
B. The U.S. government buying supplies for military personnel
C. A hospital buying medical supplies
D. A family vacationing at Disneyland
E. A grocery store buying cereal from Kellogg's
The only option that represents a business-to-business market transaction is option C, a hospital buying medical sulippes.
A business-to-business (B2B) market transaction refers to a commercial exchange between two businesses or organizations rather than involving individual consumers. B2B transactions involve the buying and selling of goods or services between businesses to support their operations.
Option A, a person buying weekly groceries, represents a business-to-consumer (B2C) market transaction where an individual consumer purchases goods for personal use.
Option B, the U.S. government buying supplies for military personnel, is an example of a B2B transaction as the government, representing an entity, is purchasing supplies from a business to fulfill its organizational needs.
Option D, a family vacationing at Disneyland, is another example of a B2C transaction. It involves individual consumers purchasing leisure and entertainment services for personal use.
Option E, a grocery store buying cereal from Kellogg's, is an example of a B2B transaction. The grocery store, as a business, is acquiring goods (cereal) from another business (Kellogg's) to sell to individual consumers.
Therefore, the only option that represents a business-to-business market transaction is option C, a hospital buying medical supplies.
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Question 1: What are the key problems that BreadTalk faces? What key factors differentiate BreadTalk’s current business strategy from those of rivals? (Word limit: 750 words)
https://www.scribd.com/document/586405507/Conquering-the-World-One-Loaf-at-a-Time-Case
Bread Talk's main issues may either be a lack of resources or capabilities that are needed but are not already available in the organisation. The Bread Talk Group engages in the retail sale of bakery, restaurant, and food atrium services, among other food and beverage products.
The division of bakery includes franchises as well as the production and sale of food and confectionery products. Bread Talk can rely on technology to minimise production costs and, as a result, bring product prices down to competitive levels. Create a market proposition that would position it as the go-to company in this sector. The goal of making Bread Talk Group an Employer of Choice is at the core of its HR strategy.
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how
bounded rationality affect supply chain
Bounded rationality can impact supply chains by limiting decision-making capabilities, leading to suboptimal choices, inefficient resource allocation, and increased risks in inventory management, production planning, and supplier selection.
Bounded rationality refers to the cognitive limitations that prevent individuals from fully comprehending complex situations and making optimal decisions.
In the context of supply chains, this cognitive constraint can have significant implications.
Supply chain decision-makers, such as managers and planners, often face a multitude of choices and variables that influence the performance of the entire supply chain. However, due to bounded rationality, they may not have the cognitive capacity to process and evaluate all available information accurately. As a result, decisions are made based on simplified heuristics, rules of thumb, or incomplete information.
This limited rationality can lead to suboptimal choices within the supply chain. For example, in inventory management, decision-makers may rely on simple reorder point models instead of more sophisticated demand forecasting techniques, resulting in inefficient inventory levels and potential stock or excesses.
Similarly, bounded rationality can impact production planning. Planners may rely on fixed production schedules or outdated historical data, failing to adapt to dynamic market conditions and resulting in poor responsiveness to demand fluctuations and longer lead times.
Supplier selection is another area affected by bounded rationality. Decision-makers may resort to selecting suppliers based solely on price or past relationships, neglecting factors such as quality, reliability, or long-term strategic fit. This can lead to issues with supplier performance, delivery delays, or poor product quality.
Furthermore, bounded rationality can hinder the ad of innovative technologies and process improvements within the supply chain. Decision-makers may be resistant to change or lack the cognitive capacity to fully evaluate the potential benefits and risks associated with new technologies or practices.
In summary, bounded rationality can limit decision-makers' ability to fully understand and optimize supply chain operations. It can result in inefficient resource allocation, increased risks, and missed opportunities for improvement. Overcoming these limitations requires the use of decision support tools, collaboration, and continuous learning to enhance decision-making capabilities within the supply chain.
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Explain how judges can develop the law despite the constraints of precedent. Illustrate answer by reference to relevant cases.
Judges can develop the law despite precedent by distinguishing cases, overruling previous rulings, extending existing precedents, and employing creative legal reasoning. Examples include Palsgraf v. Long Island Railroad Co., Brown v. Board of Education, Roe v. Wade, and R. v. Morgentaler.
Judges play a crucial role in developing the law, even when bound by the constraints of precedent. While the doctrine of stare decisis requires judges to follow legal precedents established by higher courts, they still have the ability to shape and expand the law within those boundaries.
Here are a few ways judges can develop the law despite the constraints of precedent, along with relevant cases to illustrate each point:
Distinguishing precedents: Judges can distinguish the facts of a current case from those of a precedent to reach a different outcome. By emphasizing factual differences, judges can argue that the precedent does not directly apply, allowing them to shape the law in a new direction. An example of this is the case of Palsgraf v. Long Island Railroad Co. (1928), where the court distinguished the facts of the case from previous precedents and established the principle of proximate cause in tort law.
Overruling precedents: In certain circumstances, judges can overturn or overrule precedents that they believe were wrongly decided. This typically occurs when societal or legal developments require a reevaluation of previous rulings. An example is the case of Brown v. Board of Education (1954), where the U.S. Supreme Court overruled the precedent set in Plessy v. Ferguson (1896) and held that segregation in public schools violated the Equal Protection Clause of the Fourteenth Amendment.
Extending existing precedents: Judges can expand the scope or application of existing precedents to cover new situations or legal issues. By interpreting existing rulings broadly, judges can adapt the law to address contemporary concerns. An illustration of this is the case of Roe v. Wade (1973), where the U.S. Supreme Court extended the right to privacy established in previous cases to include a woman's right to have an abortion.
Judicial creativity: Judges can employ creative legal reasoning to find innovative solutions within the confines of precedent. By using analogies, distinguishing characteristics, or applying different legal theories, judges can develop the law incrementally. An example is the case of R. v. Morgentaler (1988) in Canada, where the Supreme Court applied a creative interpretation of the Canadian Charter of Rights and Freedoms to strike down restrictions on abortion and reshape the legal landscape.
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