Over the last 5 years, technology has had a significant impact on Human Resource Management (HRM). The influence of technology on HRM has resulted in improved productivity, effectiveness, and efficiency in the workplace.
Technology has facilitated HR managers' ability to access HR data, including personnel files, health benefits, and other critical HR information. This has allowed HR professionals to make better decisions based on the data available, ensuring that the company meets its objectives and improves its profitability.
Technology has provided HR managers with the tools to perform their roles with precision and speed.
Therefore, the use of technology in HRM has facilitated a shift from manual to digital HR processes. Some of the critical technological innovations in HRM in the past five years include the implementation of HR software, HR analytics, social media, and mobile recruitment apps.
These technological advancements have helped organizations stay competitive and adapt to the digital age. An organization that has embraced the use of technology in HRM is Amazon.
Amazon has deployed HRM software, including HR analytics and recruitment apps, to manage their workforce efficiently. Additionally, Amazon has implemented electronic communication and social media platforms to foster employee engagement and collaboration.
This has enabled Amazon to improve its efficiency, productivity, and profitability while retaining high-quality employees.
In conclusion, technology has significantly impacted HRM in the last five years by automating HR processes, providing HR managers with real-time data, and improving communication and collaboration between employees.
Companies that have embraced technology in HRM have gained a competitive advantage over their competitors.
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Why might a government choose to get involved in state-sponsored cyberwarfare? More than one answer may be correct. Check All That Apply It is relatively inexpensive compared to traditional warfare. It is often difficuit to trace and identify. It can cause widespread damage to IT infrastructure. It does not require an organized group to execute attacks.
The reasons why a government might choose to get involved in state-sponsored cyber warfare can vary, and more than one answer may be correct. Here are the potential reasons:
It is relatively inexpensive compared to traditional warfare: State-sponsored cyber warfare can be a cost-effective option for governments compared to traditional military operations.
Developing and executing cyber attacks can require fewer resources and funding than deploying physical forces or acquiring advanced weaponry.
It is often difficult to trace and identify: Cyber attacks can be executed with a certain level of anonymity, making it challenging to trace the source back to the sponsoring government.
This provides a degree of deniability, allowing governments to engage in offensive cyber operations without direct attribution.
It can cause widespread damage to IT infrastructure: Cyber warfare has the potential to inflict significant damage on the IT infrastructure of targeted entities, such as critical infrastructure systems, government networks, or financial institutions.
Disrupting or disabling these systems can have far-reaching consequences, impacting various aspects of society and causing significant disruption.
It does not require an organized group to execute attacks: Unlike traditional warfare that often requires organized military units, cyber attacks can be carried out by relatively small teams or even individual actors.
This flexibility allows governments to engage in offensive cyber operations without the need for a large-scale military structure.
It's important to note that the decision to engage in state-sponsored cyber warfare is a complex matter influenced by geopolitical factors, national security concerns, and strategic objectives.
The reasons listed above are some potential motivations, but there may be other factors specific to each government's context and goals.
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which of the following explains why purchasing power parity does not hold? select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a not all goods are traded. b shipping costs could explain differences in exchange rates. c there may be import taxes or restrictions which alter prices. d all of the above are reasons why purchasing power parity does not hold.
Purchasing power parity (PPP) does not hold due to various reasons. One of the reasons is that not all goods are traded, which is answer choice (a). This means that the prices of non-traded goods can differ across countries, affecting the overall PPP.
Another reason why PPP does not hold is the influence of shipping costs, as mentioned in answer choice (b). Shipping costs can vary depending on the distance between countries and the transportation methods used. These costs can affect the final price of goods, leading to differences in exchange rates.
Import taxes or restrictions, as stated in answer choice (c), also play a role in why PPP may not hold. Governments often impose tariffs or quotas on imported goods, which can alter their prices and distort the exchange rates between countries.
In summary, all of the above factors (not all goods being traded, shipping costs, and import taxes/restrictions) contribute to why purchasing power parity does not always hold. These factors introduce variations in prices across countries, affecting the relationship between exchange rates and the purchasing power of different currencies.
Hence Option a is correct.
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a recession is generally followed by a _____ in which the economy starts growing again.
A recession is generally followed by an economic recovery in which the economy starts growing again. This recovery phase is also called an expansion period.
During a recession, the economy experiences a decline in economic growth, income, and employment, which leads to reduced consumer spending and business investment.
This, in turn, creates a downward spiral that makes it difficult for the economy to grow. The recovery phase occurs when the economy starts growing again, and unemployment decreases.
During the expansion period, consumer spending and business investment begin to increase, leading to an increase in economic growth. The government may also employ monetary and fiscal policy measures to stimulate the economy during this period.
Monetary policy involves the use of interest rates, while fiscal policy involves the use of government spending and taxation. The length and strength of the recovery period vary, depending on several factors, such as the severity of the recession and the government's policy response.
The recovery period can last for several years, and during this period, the economy may experience a boom or periods of slower growth.
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The activity durations will be integrated with the activity sequencing to become the approved schedule, so it is important that the team member doing the work has input into what?
a) One-point estimates
b) Learning curves
c) Duration estimates
d) WBS
c) Duration estimates. The team member doing the work should have input into duration estimates.
Since they will be performing the activities, their knowledge and expertise are crucial in determining how long each activity will take to complete. By involving the team member in the estimation process, their insights can be considered, resulting in more accurate and realistic duration estimates. This collaborative approach helps ensure that the approved schedule reflects the actual time required for each activity, increasing the chances of successful project execution and resource allocation.
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Jones walked into a new car lot, pointed to a specific car, and said, "I'll take that one." Sam, the operator of the car lot, explained that there was a certain amount of pre-delivery preparation that had to take place before the car could be delivered, and that it would be ready for the purchaser two days later. It was agreed that the purchase price would be paid at that time. Explain who bears the risk in the meantime, and why.
The answer is the purchaser bears the risk in the meantime, and the explanation is that the risk of loss passes from the seller to the purchaser at the time when the seller delivers the goods to the purchaser.
What is a risk in sales?Risk in sales refers to the possibility of loss or harm occurring from an event. When a good is bought or sold, a risk of loss exists. The risk of loss is the possibility that an item will be destroyed or damaged before the buyer receives it, resulting in a loss to the buyer or seller. In some circumstances, such as when a sales contract specifies otherwise, the risk of loss remains with the seller until the purchaser takes possession of the goods. However, in most situations, the risk of loss transfers to the purchaser as soon as the seller delivers the goods. When Jones walks into the car lot and points out a car, the risk of loss will be transferred to Jones as soon as Sam delivers the vehicle. Therefore, it is the purchaser who bears the risk in the meantime.
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the opportunity cost of winning a free ticket to the world series worth $885 and choosing to attend the game is:
The opportunity cost of winning a free ticket to the World Series worth $885 and choosing to attend the game is the value of the next best alternative that is foregone by attending the game. In this case, the opportunity cost would depend on the value of the alternative activity or opportunity that is sacrificed.
For example, if the individual had the option to sell the ticket for $500, but chooses to attend the game instead, the opportunity cost would be $500. This is because by attending the game, they are giving up the opportunity to earn $500 from selling the ticket.
Alternatively, if the individual had no other valuable alternative and attending the game is the most desirable option for them, the opportunity cost would be considered zero. This means that the individual is not sacrificing any other valuable opportunity by choosing to attend the game.
It's important to note that opportunity cost is subjective and can vary depending on individual preferences and available alternatives. Therefore, the exact opportunity cost in this scenario would depend on the specific circumstances and alternatives available to the individual.
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calculate depreciation for 20x1, 20x2 and 20x3 using each of the following methods assuming that webhelper inc. has a december 31 fiscal year end. partial-year depreciation is calculated based on the number of months the asset is in service. round all computations to the nearest dollar.
To calculate depreciation for 20x1, 20x2, and 20x3 using each of the methods mentioned, we need to consider the different depreciation methods available.
Straight-line depreciation: This method allocates an equal amount of depreciation expense over the useful life of an asset. To calculate the annual depreciation expense, divide the cost of the asset by its useful life.For example, let's assume an asset has a cost of $10,000 and a useful life of 5 years. The annual straight-line depreciation expense would be $10,000 / 5 years = $2,000.For 20x1, since it is a partial year, we need to calculate the depreciation expense based on the number of months the asset is in service. Assuming the asset was put into service on January 1, 20x1, and the fiscal year-end is December 31, the asset is in service for 12 months in 20x1. Therefore, the depreciation expense for 20x1 would be $2,000.
For 20x2 and 20x3, since the fiscal year-end is December 31, the asset is in service for the full year. Hence, the annual depreciation expense for both years would also be $2,000. Declining balance depreciation: This method allocates a higher depreciation expense in the earlier years and gradually decreases the amount over time. The most common declining balance method is the double-declining balance method.The depreciation rate is usually double the straight-line rate. Then, we apply the depreciation rate to the asset's net book value (cost - accumulated depreciation) at the beginning of the year.
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Difference of information infomediaries vs. content provider in
ecommerce
Difference of Crowdsourcing vs. Crowdfunding
Information Infomediaries in e-commerce refer to platforms or services that collect, analyze, and distribute information about products, services, and consumer behavior.
Information Infomediaries in e-commerce refer to platforms or services that collect, analyze, and distribute information about products, services, and consumer behavior. They act as intermediaries between buyers and sellers, providing information such as product descriptions, reviews, ratings, comparisons, and other relevant data. Their primary focus is on organizing and presenting information to facilitate informed purchasing decisions. Examples of information infomediaries include price comparison websites, product review platforms, and online directories.
On the other hand, Content Providers in e-commerce are entities that create and supply original content to engage and attract consumers. They produce various types of content, including articles, blog posts, videos, images, and social media posts, with the aim of promoting products, building brand awareness, and driving customer engagement. Content providers focus on creating compelling and valuable content that resonates with their target audience, ultimately influencing purchasing decisions. They may include brands' own content marketing efforts, social media influencers, and professional content creators.
In summary, information infomediaries primarily focus on organizing and delivering relevant information to aid consumer decision-making, while content providers focus on creating engaging and persuasive content to promote products and brands.
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Process capability analysis does NOT depend on:
O Location of the process mean
O Business product design
O Natural variability inherent in the process
Process capability analysis is a statistical tool that measures the ability of a process to meet the specifications. It provides a clear indication of how well a process is performing and identifies areas where improvement is necessary. However, process capability analysis does NOT depend on the location of the process mean, or natural variability inherent in the process.
Process capability analysis is dependent on several factors, which include the process performance, the variability of the process, and the specifications. The analysis is designed to measure the ability of the process to meet the specified requirements within the limits of the natural variability inherent in the process. Therefore, the analysis is independent of the location of the process mean, business product design, and natural variability inherent in the process.
The location of the process mean, business product design, and natural variability inherent in the process may affect the performance of the process, but they do not determine the process capability analysis. The analysis depends on the data collected from the process, which is used to calculate the process performance, variability, and specifications.
Hence, it is important to understand the factors that affect the process capability analysis to identify areas where improvement is necessary.
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when one speaks of economics, we have to talk about information. that's because economics is all about the records of ownership that define who owns what and what is exchanged, what we call ledgers. without the records of ownership, there can be no economy. this is why the way that information is recorded and stored is so important to the functioning of our economies.
Information plays a crucial role in economics as it is the foundation for the records of ownership and transactions that define an economy. Without its, economies cannot function effectively.
How does information contribute to the functioning of economies?Information is the backbone of economic systems, as it provides the necessary data for tracking ownership, exchange, and transactions. In essence, information acts as the ledger that records who owns what and facilitates economic interactions.
These records of ownership are essential for establishing trust, enforcing contracts, ensuring transparency in economic activities. The way information is recorded and stored is vital to the efficiency and effectiveness of economic processes.
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_________________________ requires returning goods, property, or funds previously conveyed.
The term that is used to refer to returning goods, property, or funds previously conveyed is called a "rescission."
Rescission refers to the process of returning goods, property, or funds previously conveyed. It is a process that requires a party to return what was originally received to its previous state. Rescission is usually implemented when there is a material breach of contract or when fraud has occurred in the transaction. A material breach occurs when a party fails to fulfill its obligations under the contract, resulting in a significant harm to the other party. Fraud, on the other hand, is when a party misrepresents material facts about the transaction, which causes the other party to suffer losses. In both cases, rescission is an option available to the injured party to restore the transaction to its original state, as if it never happened.
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Which of the following statements is correct? CPI calculations take the quantity produced in the current year. GDP calculations take a fixed basket for the quantity. CPI calculations take a fixed basket for the quantity. GDP and CPI both use the current year quantity produced.
The correct statement regarding the calculation of CPI and GDP is "CPI calculations take a fixed basket for the quantity.
"The Consumer Price Index (CPI) and Gross Domestic Product (GDP) are both crucial economic indicators that are used to measure the overall health of an economy. they differ in terms of what they measure and how they measure it.
CPI measures inflation by comparing the price of a fixed basket of goods and services purchased by consumers over time. It helps in tracking the changes in the cost of living of the people. CPI calculations take a fixed basket of goods for the quantity produced.
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Match the following. Prepaid expenses An example of financial activity Liability Balance sheet Current Ratio Annual depreciation Prepaid expenses An example of financial a Liablity Eialance sheet Current flatio Arnual depreciation
Prepaid expenses: Prepaid expenses are expenditures that have been paid for in advance by a business in preparation for goods or services to be received in the future.
An example of financial activity: A financial transaction is a transaction that affects the company's finances, such as sales, purchases, and payments.
Liability: A liability is a legal responsibility for debts or other financial obligations.
Balance sheet: A balance sheet is a financial statement that displays the assets, liabilities, and equity of a company as of a specific date.
Current Ratio: The current ratio is a financial ratio that compares a company's current assets to its current liabilities.
Annual depreciation: Annual depreciation is a non-cash expense that occurs as a result of the deterioration in the value of a business asset over time.
To conclude, the above terms were matched according to their meaning in the financial context.
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Calculate the ROI of the training program on the new performance management system and make a reasonable interpretation of the ROI result. (10)
You are required to calculate the yearly ROI for the training program on the new performance management system for 500 trainees using data related to the benefits and costs of the training. It is estimated that each trainee will save 1.90 hours of work per week as a result of the training program. The average hourly wage for each trainee is $ 19. Each month of work per trainee equals 4.2 weeks. Moreover, it is anticipated that the increase in quality of work as a result of the training program will equal $ 2300 per trainee per year. One trainer earning $35000 per year will be required to design , deliver and evaluate the training program. It is estimated that the opportunity cost of each trainee for attending the three hour training program will be $100 per hour. In addition, other costs that will be incurred as a result of designing and delivering the training program include trainee meals $ 2000, trainee materials $ 5000, and training evaluation cost $ 1000.
It indicates that the training program is effective in enhancing employee productivity, reducing costs, and improving the overall quality of work. Organizations should consider such high ROI programs as they contribute to long-term success and competitive advantage.
To calculate the yearly ROI for the training program on the new performance management system, we need to consider both the benefits and costs associated with the program.
Benefits:a) Time Saved: Each trainee saves 1.90 hours of work per week, which is equivalent to 1.90 hours/week * 4.2 weeks/month * 12 months = 95.04 hours/year.
b) Cost Savings: The average hourly wage for each trainee is $19, so the cost savings per trainee due to time saved would be 95.04 hours/year * $19/hour = $1,805.76.
c) Quality Improvement: The increase in quality of work is estimated at $2,300 per trainee per year.
Costs:a) Trainer Salary: The trainer's annual salary is $35,000.
b) Opportunity Cost: The opportunity cost per trainee for attending the three-hour training program is estimated at $100 per hour, resulting in a cost of $300 per trainee.
c) Other Costs: Trainee meals cost $2,000, trainee materials cost $5,000, and training evaluation costs $1,000.
Now, let's calculate the total costs and benefits:
Total Cost = Trainer Salary + Opportunity Cost + Other Costs
= $35,000 + ($300 * 500) + ($2,000 + $5,000 + $1,000)
= $35,000 + $150,000 + $8,000
= $193,000
Total Benefit = (Time Saved * Hourly Wage) + Quality Improvement
= ($1,805.76 * 500) + ($2,300 * 500)
= $902,880 + $1,150,000
= $2,052,880
ROI = (Total Benefit - Total Cost) / Total Cost * 100
= ($2,052,880 - $193,000) / $193,000 * 100
= $1,859,880 / $193,000 * 100
≈ 964.58%
The ROI of approximately 964.58% indicates that the training program on the new performance management system is highly profitable. For every dollar invested in the program, the return is almost tenfold. This demonstrates the significant value generated by the program in terms of cost savings and quality improvement. The high ROI suggests that the investment in the training program is worthwhile and has the potential to yield substantial benefits for the organization.
It indicates that the training program is effective in enhancing employee productivity, reducing costs, and improving the overall quality of work. Organizations should consider such high ROI programs as they contribute to long-term success and competitive advantage.
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1) List IKEA’s internal and external challenges.
2) Do you think IKEA has had difficulty with the leadership transition?
3) Are you surprised that the most developed countries are the fastest growing markets?
4) How can IKEA continue to drive growth globally?
5) In what areas should IKEA be most sensitive to regarding corporate social responsibility?
:Assessment summary (requirements) Choose any organisation or business of your own .1 choice Discuss the range of communication tasks that .2 .employers expect you to be competent at Describe at least four types of communication .3 .barriers that face your chosen company
In any organization, effective communication plays an essential role. Communication is a process of transmitting messages, exchanging information, and sharing ideas. In today's world, employers expect their employees to be competent in various communication tasks.
Communication tasks that employers expect their employees to be competent at are:
1. Writing: Writing is an essential communication task that involves writing reports, emails, letters, memos, and other documents.
2. Verbal communication: Verbal communication is the exchange of information or messages through the spoken word. It involves listening, speaking, and asking questions.
3. Nonverbal communication: Nonverbal communication is any communication that does not involve words. It can include facial expressions, body language, and tone of voice.
Communication barriers that organizations face are:
1. Language barriers: Language barriers occur when people are unable to communicate because they do not share a common language. This is a common issue for organizations that work with diverse populations.
2. Cultural barriers: Cultural barriers occur when people from different cultures have different expectations and norms for communication. For example, in some cultures, it is considered rude to make direct eye contact.
3. Physical barriers: Physical barriers include anything that prevents communication from occurring. This can include noise, distance, or even technology issues.
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All of the following are improper check writing procedures EXCEPT
a. postdate all of your checks
b. avoid making checks payable to "Cash"
c. overdraw your account whenever possible.
d. write your checks in pencil
The only option that is not an improper check writing procedure is d, write your checks in pencil.
Postdating a check means writing a check with a date in the future. This is not a good idea because it can lead to confusion and problems if the check is cashed before the date.
Making a check payable to "Cash" means that anyone can cash the check, which is a security risk.
Overdrafting your account means writing a check for more money than you have in your account. This can lead to fees and penalties from your bank.
Writing a check in pencil is not a good idea because it can be easily erased or altered. This could lead to fraud or other problems.
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As Project Director of a newly build shopping mall in progress, you are currently in charge with a new group of colleagues that you have never worked with before. Their work is excellent, and the team gets along well together. Recognizing their abilities, you feel they can now work more on their own. You have begun this year to redirect your energies to other projects and the team have continued to work effectively. You must now identify a potential Project Director to take the lead to lead the team from you. (a) List \& explain FIVE (5) behavior and skill of an effective leader (20 marks) (b) Briefly explain an 'autocratic leader'. (5 marks) (Total: 25 marks)
(a) Five behaviors and skills of an effective leader:
Communication
Emotional intelligence
Decision-making
Adaptability
Delegation:
(b) Autocratic leadership is a leadership style in which the leader holds complete authority and control over decision-making and task execution.
How to explain the informationAn autocratic leader typically has a top-down approach, where instructions flow from the leader to the team members. They maintain a hierarchical structure and exercise their power and control over the team. The decision-making process is centralized, and team members may have limited or no input in the decision-making process.
This leadership style can be effective in situations where quick and decisive actions are required, or when team members lack the necessary expertise or experience to make decisions.
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a company exchanged land and $9,000 cash for equipment. the book value and the fair value of the land were $106,000 and $90,000, respectively. assuming that the exchange has commercial substance, the company would record equipment and a gain(loss) on exchange of assets in the amounts of: equipment gain(loss) a. $ 99,000 $ (16,000) b. $ 90,000 $ (25,000) c. $ 108,000 $ 16,000 d. $ 106,000 $ (9,000)
In this scenario, the company would record the equipment at $99,000 and a loss on the exchange of assets of $16,000. Therefore, the correct option is a) $99,000 $ (16,000).
To determine the amounts to be recorded for equipment and gain/loss on the exchange of assets, we need to compare the fair value and book value of the land.
Fair value of the land: $90,000
Book value of the land: $106,000
Since the fair value of the land is lower than its book value, there is a loss on the exchange of assets.
Calculation:
Loss on Exchange = Book Value - Fair Value
Loss on Exchange = $106,000 - $90,000
Loss on Exchange = $16,000
Now, we need to determine the amount to be recorded for equipment.
Equipment = Fair Value of the Land + Cash Paid
Equipment = $90,000 + $9,000
Equipment = $99,000
Therefore, the correct amounts to be recorded are:
Equipment: $99,000
Gain (Loss): $(16,000)
So, the correct answer is option a) $99,000 $ (16,000).
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1/The current account balance is equal to
Group of answer choices
Trade balance + services balance + capital account balance.
Trade balance + services balance - capital account balance.
Total payments made by residents of the United States to foreigners plus total payments made by foreigners to residents of the United States.
Trade balance + unilateral transfers + net investment income.
The current account balance is equal to-D. Trade balance + services balance + unilateral transfers + net investment income.
What is the reason?The statement "The current account balance is equal to" is completed by the fourth option "Trade balance + unilateral transfers + net investment income."
Option A is incorrect since it is missing "unilateral transfers."
Option B is incorrect since it has the wrong sign on "capital account balance."
Option C is incorrect since it does not include "unilateral transfers."T
he following is a breakdown of the different elements that make up the current account balance:
Trade balance: This refers to the balance of trade, which is the difference between a country's total imports and exports of goods and services.
If a country exports more than it imports, it has a positive trade balance, and if it imports more than it exports, it has a negative trade balance.
Services balance: This refers to the balance of services, which is the difference between a country's total exports and imports of services.
Similar to the trade balance, if a country exports more services than it imports, it has a positive services balance, and if it imports more services than it exports, it has a negative services balance.
Unilateral transfers: These are transfers of wealth between countries that are not associated with the provision of goods, services, or financial assets.
For example, foreign aid is a unilateral transfer.
Net investment income: This refers to the income generated from a country's investments in foreign countries minus the income generated by foreign investments in that country.
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at the end of the course, the employees are able to perform better in the organization. which method of employee development has the firm used?
The firm has used structured educational programs at the workplace or off-site to support employee development.
How does the firm support employee development through structured educational programs?By organizing structured educational programs either at the workplace or off-site, the firm provides employees with the necessary tools and knowledge to enhance their performance within the organization.
These programs are designed to equip employees with specific skills and competencies that are relevant to their roles and responsibilities. Through these programs, employees gain a deeper understanding of their job requirements, learn new techniques and approaches etc.
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Which of the following methods develops a promotional budget based on a sound evaluation of the firm's promotional goals?
a. The fixed-sum-per-unit method
b. The meeting competition method
c. The percentage-of-sales method
d. The task-objective method
The task-objective method is the approach that develops a promotional budget based on a thorough evaluation of the firm's promotional goals.
d) The task-objective method
The task-objective method is the approach that develops a promotional budget based on a thorough evaluation of the firm's promotional goals. This method involves identifying specific promotional tasks and objectives, estimating the costs associated with each task, and then aggregating those costs to determine the overall promotional budget. It ensures that the budget allocation aligns with the objectives and requirements of the promotional campaign, allowing for a more strategic and goal-oriented approach to resource allocation.
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Charter Corporation, which began business in 2016, appropriately uses the instaliment sales method of accounting for its installment sales. The following data were obtained for sales made during 2016 and 2017: Required: 1. How much gross profit should Charter recognize in 2016 and 2017 from installment sales? 2. What should be the balance in the deferred gross profit account at the end of 2016 and 2017?
Charter Corporation, which began business in 2016, appropriately uses the installment sales method of accounting for its installment sales. The following data were obtained for sales made during 2016 and 2017:
How much gross profit should Charter recognize in 2016 and 2017 from installment sales?
What should be the balance in the deferred gross profit account at the end of 2016 and 2017?
Solution:1. Gross profit to be recognized in 2016 and 2017:
Gross profit percentage = (Selling price - Cost)/Selling price
= ($ 200,000 - $ 150,000)/$ 200,000
= 25%
The installment sales revenue is $ 400,000, out of which only $ 120,000 (30% of $ 400,000) is recognized in 2016 and the remaining balance of $ 280,000 (70% of $ 400,000) is deferred to the next year, i.e. 2017.
Gross profit to be recognized in 2016:
Gross profit percentage = (Selling price - Cost)/Selling price
= ($ 200,000 - $ 150,000)/$ 200,000
= 25%
Gross profit recognized in 2016 = Gross profit percentage * Revenue recognized in 2016
= 25% * $ 120,000
= $ 30,000
Gross profit to be recognized in 2017:
Gross profit percentage = (Selling price - Cost)/Selling price
= ($ 200,000 - $ 150,000)/$ 200,000
= 25%
Gross profit recognized in 2017 = Gross profit percentage * Revenue recognized in 2017
= 25% * $ 280,000
= $ 70,0002.
Deferred gross profit account balance at the end of 2016 and 2017:
Deferred gross profit as on 31st December 2016 = Balance of deferred gross profit from 2016 + Gross profit deferred to 2017
= $ 0 + 25% * $ 280,000
= $ 70,000
Deferred gross profit as on 31st December 2017 = Balance of deferred gross profit from 2017 + Gross profit deferred to 2018
= $ 70,000 + $ 0
= $ 70,000
Therefore, gross profit to be recognized in 2016 is $ 30,000 and in 2017 is $ 70,000. The balance in the deferred gross profit account at the end of 2016 and 2017 is $ 70,000.
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What does the current Shiller
P/E ratio tell us about the market?
How do you think investors should feel about investing right
now?
How should companies feel about raising capital right now?
The current Shiller P/E ratio tells us that the stock market is overvalued compared to the historical average. As of August 2021, the Shiller P/E ratio for the S&P 500 is around 38, which is significantly higher than the long-term average of around 16. This means that stocks are trading at much higher prices relative to their earnings than they have in the past. Investors should be cautious about investing in the market right now, as the high valuations may not be sustainable over the long term.
There is a risk of a market correction or even a crash if valuations become more reasonable. This does not mean that investors should avoid the market entirely, but they should consider diversifying their portfolios and being selective in their investments. Companies should feel encouraged about raising capital right now, as the market is willing to pay a premium for stocks. However, companies should also be cautious about overvaluing their own stocks and should consider the long-term implications of raising capital at high valuations. If a company raises capital at a high valuation and then experiences a decline in its stock price, it could harm the company's reputation and make it more difficult to raise capital in the future. Therefore, companies should consider the risks and benefits of raising capital in the current market environment.
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A public good that would benefit Adam, Ben and Carl has a one off cost of $457.3. Adam attached a value of $70 to this public good, for Ben its value is $393.5, and Carl values it at $189.1. The total surplus to the group if they provide the public good is:
The total surplus to the group if they provide the public good is $195.3.
To get the total surplus to the group if they provide the public good, we need to understand the concept of consumer surplus and how it is calculated.
Consumers surplus is the difference between the total amount that consumers are willing to pay for a good or service and the actual amount that they have to pay in the market. It is calculated by subtracting the market price from the total willingness to pay of consumers.
Mathematically, consumers surplus can be represented as:
Consumers surplus = Total willingness to pay – Market price.
To determine the total surplus to the group if they provide the public good, we need to determine the total willingness to pay of the group and the market price of the public good.
The total willingness to pay for the public good is calculated by adding the values that each member of the group attaches to the public good.
Therefore:
Total willingness to pay = Adam’s value + Ben’s value + Carl’s value
= $70 + $393.5 + $189.1
= $652.6
The market price of the public good is the cost of the good which is a one-off cost of $457.3
Therefore, the total surplus to the group if they provide the public good is:
Total surplus = Total willingness to pay – Market price
= $652.6 - $457.3
= $195.3
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stock repurchases are an attractive alternative to dividends because
Stock repurchases are an attractive alternative to dividends because the repurchase of a firm's shares reduces the number of shares outstanding, thus raising earnings per share and improving stockholders' expectations. Stock repurchases also allow businesses to fund their capital needs without borrowing money, of capital in the long run.
Additionally, stock repurchases allow management to retain control over the company since they are not required to pay dividends on the shares repurchased. The management of a firm can use a variety of financial instruments to return profits to shareholders.
Dividends are a standard method for firms to distribute earnings to shareholders. When a firm pays dividends, it distributes a portion of its profits to shareholders in the form of cash or shares of stock.
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Jannet runs a French fries stand in the farmers' market on Saturdays between 8:00 AM and 2:00 PM. All fries she produces during these hours are sold, but she also sells 10% more after 2:00 PM. Early morning on Saturday, she washes three 60-Kg bag of potatoes, press cuts them store them in a buckets of water. She takes batches of cut potatoes in drain holding 6 kg of cut potatoes from the bucket, and lets them drain for 5 minutes (potatoes oxidize quickly in contact with air so they should be used quickly). Each drained batch is deep fried for 5 minutes. The fried batches are cooled for 3 minutes. Each batch yield 15 boxes of French fries. Jannet takes 2 minutes to box the fried potatoes, add napkins, utensils, ketch-up, vinegar and mustard packs to the box and hand it to customer.
What are the value-added non-value added activities in Jannet's operation?
What kind of waste portion do you see in Jannet's operation is waste?
How can Jannet create a pull production system using Kanban?
1. The value-added activities in Jannet's operation are as follows:a) Washing and Cutting of the potatoes
1. The value-added activities in Jannet's operation are as follows:a) Washing and Cutting of the potatoes
b) Deep Frying
c) Boxing the fried potatoes, adding napkins, utensils, ketchup, vinegar, and mustard packs to the box, and handing it to the customer
2. The non-value-added activities in Jannet's operation are as follows: a) Draining the cut potatoes
b) Cooling of fried batches.
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Building a Statement of Comprehensive Income (LO1) Burlington Exterminators Inc. has sales of $734,000, costs of $315,000, depreciation expense of $48,000, interest expense of $35,000, and a tax rate of 35%. What is the net income for this firm?
Burlington Exterminators Inc.'s net income is $117,600 after deducting all costs and applying a 35% tax rate.
We must compute the total costs and deduct them from the sales revenue to arrive at Burlington Exterminators Inc.'s net profit.
Costs, depreciation, and interest charges can be added up to determine total expenses, which come to $315,000 + $48,000 + $35,000 = $398,000.
By deducting all costs from sales revenue, we can determine the income before taxes (Next): $734,000 - $398,000 = $336,000.
Applying the tax rate of 35% to the income before taxes will yield the net income: $336,000 * 0.35 = $117,600.
Consequently, Burlington Exterminators Inc.'s net income is $117,600.
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how will you help them to work together to fix the issues? focus on relationships-spend more time getting to know each employee. help them to see that both groups have important roles in meeting the company goals and bring them together to accomplish them. rely on my position power to make work assignments and then reward or punish the groups based on their results. focus on clarifying roles and task requirements and then provide rewards or punishments based on performance.
To help employees work together to fix issues and foster better relationships, it is important to focus on several key steps.Spend more time getting to know each employee: By investing time in building relationships with each individual, you can develop a better understanding of their strengths, weaknesses, and motivations.
This will enable you to create an environment that encourages collaboration and mutual respect. Help them see the importance of both groups' roles: It is essential to communicate the significance of each group's contributions towards meeting company goals. Emphasize that both groups have valuable skills and perspectives that, when combined, can lead to better outcomes. Encourage open dialogue and the sharing of ideas to foster a sense of unity.
Bring the groups together: Organize team-building activities or collaborative projects that involve members from both groups. This will allow them to work together towards a common goal, helping to break down barriers and build stronger relationships. Encourage open communication, active listening, and empathy during these activities.
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Identify and analyse the problems the customer service team
experiencing at service station relating to job satisfaction and
organisational commitment.
A lack of clear communication, inconsistent policies, and a lack of support can all lead to low levels of job satisfaction and organizational commitment.
There are numerous problems that the customer service team is experiencing at the service station related to job satisfaction and organizational commitment, which are discussed below:
The problems that customer service team members are facing in terms of job satisfaction and organizational commitment are numerous. They are discussed below:
1. High Job Demand: Customer service team members face a high job demand. They have to interact with a large number of clients regularly, which can be mentally and emotionally exhausting. This can result in a decrease in their job satisfaction, commitment, and motivation levels.
2. Lack of Recognition: Customer service team members at the service station may feel that their efforts are not adequately recognized or valued by the organization. This can lead to a decrease in their job satisfaction levels and organizational commitment.
3. Poor Work Environment: The work environment at the service station may not be conducive to customer service team members' productivity and job satisfaction. A poor work environment can lead to stress, anxiety, and a lack of motivation.
4. Inadequate Training: The customer service team at the service station may not receive adequate training to meet the demands of their job. This can result in a lack of job satisfaction and organizational commitment.
5. Inadequate Feedback: Customer service team members may not receive adequate feedback on their performance, which can lead to a decrease in their job satisfaction and organizational commitment levels.
6. Poor Management: Poor management can also result in a decrease in job satisfaction and organizational commitment levels.
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