The probability that the forward hedge will result in more dollars received than not hedging is 70 percent.
To determine the probability that the forward hedge will result in more dollars received than not hedging, we need to compare the potential outcomes of hedging and not hedging.
If Sam Co. decides to hedge, they will lock in the forward rate of $.050. This means that they will receive MXP800,000 * $.050 = $40,000 in 90 days.
If Sam Co. chooses not to hedge, the amount they will receive in 90 days will depend on the spot rate at that time. According to the given probability distribution, there is a 10% chance of the spot rate being $0.041, a 20% chance of it being $0.043, a 40% chance of it being $0.045, and a 30% chance of it being $0.055.
To calculate the expected amount received without hedging, we multiply each possible spot rate by its corresponding probability and sum up the results:
Expected amount received without hedging = ($0.041 * 10%) + ($0.043 * 20%) + ($0.045 * 40%) + ($0.055 * 30%)
= $0.0041 + $0.0086 + $0.018 + $0.0165
= $0.0472
Therefore, without hedging, Sam Co. can expect to receive approximately $0.0472 per Mexican Peso in 90 days. Considering that they will receive MXP800,000, the total amount received without hedging will be MXP800,000 * $0.0472 = $37,760.
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Q.2 According to Enz’s concept (2010), Joseph’s company is given with
a broad range of strategic flexibility.
(ii) In what ways strategic flexibility affects a company?
Explain your answer.
(6 marks)
(iii) Do you agree with the fact that Joseph’s company has a
broad range of strategic flexibility? Why or why not?
(16 marks)
Having a broad range of strategic flexibility means that Joseph's company is equipped with a variety of options to adjust their strategies and stay competitive. It can also improve a company's resilience in the face of unexpected events such as economic downturns or natural disasters.
(ii) Strategic flexibility affects a company in several ways:
1. Adaptability: Companies with higher strategic flexibility can quickly adapt to changing market conditions, customer preferences, and emerging technologies.
2. Resilience: Strategic flexibility allows businesses to better handle economic downturns, crises, and external shocks by reevaluating and altering their strategies as needed.
3. Competitive advantage: A flexible company can respond more effectively to competitors' actions, either by countering them or exploiting new opportunities.
4. Innovation: Strategic flexibility encourages companies to continually explore new ideas, products, and services, leading to increased innovation and growth.
5. Decision-making: Flexibility helps companies make better and more informed decisions by considering multiple options and being open to changing direction when necessary.
(iii) Based on Enz's concept (2010), it is mentioned that Joseph's company has a broad range of strategic flexibility. there is evidence of the company's adaptability, resilience, ability to maintain a competitive advantage, innovation, and effective decision-making. However, without more information about the company and their specific strategies and capabilities, it is difficult to say for certain. It is possible that they may face limitations in certain areas, such as financial resources or human capital, which could impact their ability to be flexible in certain areas.
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If the interest rate is 8%, which of these investments would you prefer?
Multiple Choice
A perpetuity of $250 a year starting in year 3.
A payment of $3,000 today.
A payment of $500 in year 1, a payment of $1,800 in year 3, and a payment of $2,200 in year 6.
A payment of $350 a year for 30 years starting in year 2.
The investment that should be chosen is the payment of- D. $350 per year for 30 years beginning in year 2.
What is the reason?If the interest rate is 8%, then the investment which is preferred is the one that provides the maximum present value of the future cash flows.
Using a financial calculator, we can find the present value of each investment and compare them. Using a financial calculator, the present value of the perpetuity of $250 a year starting in year 3 is $3,030.
30, the present value of the payment of $3,000 today is $3,000, the present value of the payment of $500 in year 1, $1,647.73 in year 3, and $1,857.34 in year 6 is $3,361.80, and the present value of the payment of $350 a year for 30 years starting in year 2 is $6,899.14.
As a result, the investment that should be chosen is the payment of $350 per year for 30 years beginning in year 2.
Hence, option d. is correct.
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Bismarck and Altoona exchange buildings. The transaction has commercial substance. The following information was obtained: Bismarck's Building $60,000 Cost Altoona's Building $45,000 20,000 Accumulated Depreciation 20,000 Fair value based upon appraisal 50,000 40,000 The exchange was made, and based on the difference in appraised value, Altoona paid $10,000 to Bismarck. The new building should be recorded on Bismarck's books at: Select one: O a. $35,000 O b. $32,000 OC $40,000 O d. $38,000 O e. $50,000
The new building should be recorded on Bismarck's books at $45,000.
In the given situation, both parties exchanged their buildings with each other. Bismarck's Building's cost was $60,000 while the fair value of Altoona's Building was appraised at $50,000. Altoona had also paid $10,000 to Bismarck, based on the difference in appraised value. Moreover, the accumulated depreciation on Altoona's Building was $20,000. Now, Bismarck must record the new building's value on its books. We will determine the gain or loss on the exchange based on the fair value of the buildings before the exchange.The gain or loss will be calculated by using the following formula:Gain or loss on the exchange = Fair value of the building given up − Book value of the building given upBased on the given data, we can calculate the gain or loss for both parties. The calculation is as follows:For Bismarck:Gain or loss on the exchange = $50,000 − $60,000 = − $10,000Therefore, Bismarck has incurred a loss of $10,000. Altoona has paid $10,000 to Bismarck to compensate for the loss.Bismarck will record the new building on its books based on the fair value of the property that it has acquired in exchange. Therefore, the new building should be recorded on Bismarck's books at $45,000.
In conclusion, Bismarck's new building should be recorded on its books at $45,000.
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Christine sells banana banana turon for Php 4.00 per piece. She sells 50
pcs, and decides that she can charge more. She raises the price to
Php6.00 per piece and sells 40 pieces. What is the elasticity of demand for
her banana turon?
The elasticity of demand for Christine's banana turon is approximately -1.11. The negative sign indicates that the demand is elastic, meaning a change in price has a proportionately larger impact on the quantity demanded.
To calculate the elasticity of demand for Christine's banana turon, we can use the formula:
Elasticity of Demand = ((Q2 - Q1) / ((Q1 + Q2) / 2)) / ((P2 - P1) / ((P1 + P2) / 2))
Given:
Q1 = 50 pieces (initial quantity)
Q2 = 40 pieces (new quantity)
P1 = Php4.00 per piece (initial price)
P2 = Php6.00 per piece (new price)
Plugging the values into the formula:
Elasticity of Demand = ((40 - 50) / ((50 + 40) / 2)) / ((6 - 4) / ((4 + 6) / 2))
Simplifying:
Elasticity of Demand = (-10 / 45) / (2 / 5)
Elasticity of Demand = (-2/9) / (2/5)
Elasticity of Demand = (-2/9) * (5/2)
Elasticity of Demand = -10/9
Therefore, the elasticity of demand for Christine's banana turon is approximately -1.11. The negative sign indicates that the demand is elastic, meaning a change in price has a proportionately larger impact on the quantity demanded.
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Which of the following best describes the top-down analysis to forecast revenue? Review Later Start with total addressable market and forecast the revenue based on market share and segments Start with most basic drives of the business and build the analysis to revenue (eg. the number of units that are sold multiplied by the price) Use the historical figures to forecast the future years and calculate the year-over-year revenue Analyze the relationship between revenue and other factors of the business and use the trend to forecast revenue
The top-down analysis to forecast revenue typically starts with the total addressable market and then proceeds to forecast revenue based on market share and segments.
This method assumes that the company's market share will remain constant and that it will capture a proportionate share of the market. Another approach is to start with the most basic drives of the business, such as the number of units sold multiplied by the price, and build the analysis up to revenue. This method is more granular and provides a deeper understanding of how the business generates revenue. Historical figures can also be used to forecast future years and calculate year-over-year revenue growth. Finally, analyzing the relationship between revenue and other factors of the business can help to identify trends and forecast revenue accordingly. Ultimately, the choice of approach will depend on the specific needs of the business and the level of detail required for accurate forecasting.
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describe and discuss the use of credit derivative and
the practice of securtisation as technique for credit risk
transfer
Credit derivatives and securitization are two techniques commonly used for credit risk transfer in financial markets. Credit derivatives involve the use of financial contracts that allow investors to transfer credit risk associated with an underlying asset or entity.
These derivatives include credit default swaps (CDS), which provide insurance-like protection against credit events. On the other hand, securitization involves the process of pooling and repackaging various types of financial assets, such as loans or mortgages, into securities that can be sold to investors. This technique allows banks or financial institutions to transfer credit risk from their balance sheets to investors who are willing to assume that risk.
Credit derivatives provide a means for investors to transfer credit risk without directly owning the underlying asset. For example, in a credit default swap (CDS), the buyer pays periodic premiums to the seller in exchange for protection against the default of a particular reference entity or asset. If a credit event, such as a default, occurs, the seller of the CDS compensates the buyer for the loss incurred.
Securitization, on the other hand, involves bundling a portfolio of loans or assets together and transforming them into tradable securities. These securities, known as asset-backed securities (ABS), are backed by the cash flows generated from the underlying assets. By selling these securities to investors, the originator of the loans or assets can transfer the credit risk associated with those assets to the investors who purchase the securities.
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The following additional information is yet to be accounted for: 1. The building is to be depreciated at 6% per annum (straight line basis). 2. Motor vehicles are to be depreciated at 25% per annum (reducing balance basis). 3. Staff salaries of £4300 for December have not yet been accounted for. 4. A lump sum of £15200 was paid off the loan from the owner's personal funds in July. 5. Interest on the loan following the repayment was paid, but has not yet been recorded. 6. An invoice for unpaid administration expenses for £1860 was received in January for December. 7. The quarterly rent payment of £21000 was made in November. 8. A customer went out of business in December owing £1800. This amount will not be repaid. 9. Additional cash sales were made at the end of December. These amounted to £25000. Costs have already been accounted for. 10. A provision of doubtful debts of 2% needs to be made. Required: Use the information above to make the required adjustments to the accounts for Eric and Sons. Where calculations are necessary, clearly show your workings. a) Using the figures calculated above, prepare the income statement for the year ended 31 December 2021 for Eric and Sons. (15 marks) b) Using the figures calculated above, prepare the statement of financial position as at 31 December 2021 for Eric and Sons. (25 marks) (Total Question 1: 40 Marks) Question 1 Eric and Sons are a shoe retail outlet. Their unadjusted statements for 2021 are as follows: Income statement 31 December 2021 £ Sales 990000 Cost of goods sold 613000 Gross profit 377000 Rent 102000 Salaries 74000 Sales and distribution 67500 Administration 80600 324100 Net profit 52900 Statement of financial position 31 December 2021 Non-current assets Cost Building 485000 Motor vehicles 216000 Current assets Inventory 64600 Trade receivables 76800 Bank 18100 Total assets Equity and liabilities Capital 419000 Profit for the year 52900 Non-current liabilities Loan (5%) 139200 Current liabilities Trade payables 79000 Total equity and liabilities £ Acc Dep NBV 116400 54000 368600 162000 530600 159500 690100 471900 139200 79000 690100
To prepare the required adjustments to the accounts for Eric and Sons, let's go through each item and make the necessary adjustments:
Depreciation on the building:
Building depreciation = £485,000 * 6% = £29,100
Adjust the Accumulated Depreciation and Net Book Value (NBV) for the building.
Depreciation on motor vehicles:
Motor vehicles depreciation = £216,000 * 25% = £54,000
Adjust the Accumulated Depreciation and NBV for motor vehicles.
Staff salaries for December:
Add staff salaries of £4,300 to the Salaries expense.
Loan repayment from owner's personal funds:
Deduct the lump sum payment of £15,200 from the Loan payable.
Interest on the loan:
Record the interest expense for the loan based on the loan amount and interest rate. The exact calculation is needed to determine the amount.
Unpaid administration expenses:
Add the invoice for unpaid administration expenses of £1,860 to the Administration expense.
Quarterly rent payment:
No adjustment needed as the rent payment has already been made.
Bad debt provision:
Calculate the bad debt provision by multiplying the Trade receivables by 2% (£76,800 * 2% = £1,536). Deduct this amount from Trade receivables.
Additional cash sales:
Add the additional cash sales of £25,000 to the Sales revenue.
Now, we can use the adjusted figures to prepare the required financial statements:
a) Income Statement for the year ended 31 December 2021:
£
Sales 1,015,000 (990,000 + 25,000)
Cost of goods sold 613,000
Gross profit 402,000 (1,015,000 - 613,000)
Rent 102,000
Salaries 78,300 (74,000 + 4,300)
Sales and distribution expenses 67,500
Administration expenses 98,460 (80,600 + 1,860)
Depreciation expense 83,100 (29,100 + 54,000)
Net profit 73,640 (402,000 - 102,000 - 78,300 - 67,500 - 98,460 - 83,100)
b) Statement of Financial Position as at 31 December 2021:
Non-current assets
Cost
Building 485,000
Motor vehicles 216,000
Accumulated Depreciation
Building (116,400)
Motor vehicles (54,000)
Net Book Value (NBV)
Building 368,600 (485,000 - 116,400)
Motor vehicles 162,000 (216,000 - 54,000)
Current assets
Inventory 64,600
Trade receivables 75,264 (76,800 - 1,536)
Bank 18,100
Total assets 688,564 (368,600 + 162,000 + 64,600 + 75,264 + 18,100)
Equity and liabilities
Capital 419,000
Profit for the year 73,640
Non-current liabilities
Loan (5%) (139,200)
Current liabilities
Trade payables 79,000
Total equity and liabilities 432,440 (419,000 + 73,640 - 139,200 + 79,000)
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Accounts Receivable Turnover and Days' Sales in Receivables
Quasar, Inc. reported the following: Year 2 Year 1 Sales $3,325,880 $3,390,120 Accounts receivable 251,850 244,550 Assume that accounts receivable were $281,050 at the beginning of Year 1.
a. Compute the accounts receivable turnover for Year 2 and Year 1. Round to one decimal place.
Year 2:
Year 1:
b. Compute the days' sales in receivables for Year 2 and Year 1. Round interim calculations and final answers to one decimal place. Use 365 days per year in your calculations.
Year 2: ____days
Year 1: ____ days
a. Accounts receivable turnover formula is given by: Accounts receivable turnover = Net credit sales / Average accounts receivable where Average accounts receivable = (Beginning accounts receivable + Ending accounts receivable)/2.
Substitute the given values: Year 2: Accounts receivable turnover = $3,325,880 ÷ [(251,850 + 244,550) ÷ 2] = 12.7Year 1: Beginning accounts receivable = $281,050. Ending accounts receivable = $244,550. Accounts receivable turnover = $3,390,120 ÷ [(281,050 + 244,550) ÷ 2] = 12.3b. Days' sales in receivables formula is given by: Days' sales in receivables = (Average accounts receivable / Net credit sales) x 365. Substitute the values: Year 2: Average accounts receivable = ($251,850 + $244,550) / 2 = $248,200 Days' sales in receivables = ($248,200 ÷ $3,325,880) x 365 = 27.2 days (rounded off to one decimal place) Year 1: Average accounts receivable = ($281,050 + $244,550) / 2 = $262,800 Days' sales in receivables = ($262,800 ÷ $3,390,120) x 365 = 28.4 days (rounded off to one decimal place). Hence, the final answers for the accounts receivable turnover and days' sales in receivables are given below: Year 2: Accounts receivable turnover: 12.7Days' sales in receivables: 27.2 days Year 1: Accounts receivable turnover: 12.3 Days' sales in receivables: 28.4 days.
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1- Please, express how inflation affect the three functions of money.
2- Explain the role of commercial banks in terms of expansion of money supply, emphasizing the limitations of the process.
3- There is an initial deposit in RBC Bank of $5,000.00. The required reserve ratio is 5%. Assume the bank does not keep any excess reserves and people deposit all money into the banking system. Answer these questions: (think that bank has a fractional reserve banking system):
a- How much are RBC Bank’s required reserves with this deposit?
b- By how much do RBC Bank’s excess reserves increase with this deposit?
c-Assume RBC bank loans out its excess reserves to Jennifer. Jennifer buys a new boat with her loan and therefore writes a check on her new account to Jack. Jack then deposits this check in Union Bank. Union Bank then must keep $_____ as required reserves and it lends out $___to Angelina. At this point in the process, by how much has the money supply increased (assuming the initial deposit is new money)? ___
d-If this process continues and all checks are re-deposited back into the banking system, by how much will the money supply increase when the process is complete? $___
Inflation affects the three functions of money, namely medium of exchange, store of value, and unit of account.
In terms of the medium of exchange, inflation reduces the purchasing power of money, making it less effective in facilitating transactions. As a store of value, inflation erodes the real value of money over time, diminishing its ability to retain purchasing power. Inflation also hampers money's function as a unit of account by distorting price signals and creating uncertainties in economic calculations.
Commercial banks play a crucial role in expanding the money supply through the process of fractional reserve banking. When banks receive deposits, they are required to hold a fraction of those deposits as reserves. The remaining portion is available for lending and investment, effectively creating new money in the form of loans. However, this expansion of the money supply has limitations. Banks must maintain a minimum reserve requirement set by the central bank, limiting the extent to which they can create new money. Additionally, banks' lending decisions are influenced by factors such as creditworthiness, liquidity needs, and regulatory constraints, further restricting the expansion of money supply.
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Larned Corporation recorded the following transactions for the just completed month.
$89,000 in raw materials were purchased on account.
$87,000 in raw materials were used in production. Of this amount, $76,000 was for direct materials and the remainder was for indirect materials.
Total labor wages of $117,000 were paid in cash. Of this amount, $100,600 was for direct labor and the remainder was for indirect labor.
Depreciation of $200,000 was incurred on factory equipment.
The company incurred depreciation of $200,000 on their factory equipment. Factory equipment is a significant part of a company's capital investments, and the depreciation recorded is important for the calculation of the company's profits.
Larned Corporation had an excellent month, with a large amount of transactions recorded. The company bought $89,000 worth of raw materials on account, which were then used in production. $87,000 worth of raw materials were used in total, $76,000 of which was spent on direct materials and the rest was spent on indirect materials.In addition, the company paid $117,000 in total for labor wages. $100,600 of this amount was used for direct labor, while the rest was spent on indirect labor. Lastly, the company incurred depreciation of $200,000 on their factory equipment.Factory equipment is a significant part of a company's capital investments, and the depreciation recorded is important for the calculation of the company's profits. In terms of the raw materials purchased, Larned Corporation spent a large amount. The raw materials used in production are classified as either direct or indirect materials. Direct materials are used in the creation of the company's products and can be traced back to the final product, while indirect materials are used to keep the factory running but cannot be traced back to the final product.
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Boston Electric Generators has been getting many complaints from its major customer, Home Station, about the quality of its shipments of home generators. Daniel Shimshak, the plant manager, is alamed that a customer is providing him with the only information the company has on shipment quality. He decides to collect information on defective shipments through a form he has asked his drivers to complete on arrival at customers' stores. The forms for the first 285 shipments have been turned in. They show the following over the past 8 weeks: No. of No. of Shipments Week Shipments with Defects 1 23 10 2 31 11 ÏÏÏ 3 30 11 4 37 12 5 35 12 6 42 14 7 43 15 8 44 16 This exercise contains only part a a) Using the point drawing tool eight times, develop a scatter diagram using total number of shipments and number of defective shipments Defective Shipments 20 16 16 14 12 28 32 36 Shipments 40 44 885
To develop a scatter diagram for the given data, follow these steps:
1. Label the horizontal axis as "Total Number of Shipments" and the vertical axis as "Number of Defective Shipments".
2. Plot the data points for each week on the graph, using the number of shipments as the x-coordinate and the number of defective shipments as the y-coordinate.
Here are the data points to plot:
- Week 1: (23, 10)
- Week 2: (31, 11)
- Week 3: (30, 11)
- Week 4: (37, 12)
- Week 5: (35, 12)
- Week 6: (42, 14)
- Week 7: (43, 15)
- Week 8: (44, 16)
To create a scatter diagram, label the axes, then plot the given data points for each week. The data points are (23, 10), (31, 11), (30, 11), (37, 12), (35, 12), (42, 14), (43, 15), and (44, 16).
By developing a scatter diagram, you can visually analyze the relationship between the total number of shipments and the number of defective shipments. This can help Boston Electric Generators understand if there's a trend in defective shipments and take necessary actions to improve their product quality.
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What has EU social policy been so controversial? Do you have any
suggestions that could make EU social policy less controversial
EU social policy has been controversial due to its impact on national sovereignty, concerns about harmonization, and disagreements over the appropriate level of social protection.
EU social policy has faced controversy primarily because it intersects with national sovereignty. Some member states argue that social policy decisions should remain within their jurisdiction, as they best understand the needs and preferences of their citizens. Additionally, concerns about harmonization arise when EU social policies potentially lead to a loss of diversity and uniqueness among member states. Differences in social systems, labor market conditions, and cultural practices contribute to the resistance against a one-size-fits-all approach.
To make EU social policy less controversial, it is crucial to promote subsidiarity. This principle entails that decisions should be taken at the most appropriate level, allowing member states to retain control over social policy matters that are better managed locally. Flexibility is also key, as it allows member states to adapt EU social policies to their specific circumstances while achieving common goals. Furthermore, fostering inclusivity and transparency in decision-making processes can help build trust and reduce controversy. Engaging stakeholders, such as civil society organizations and social partners, in policy formulation and implementation can ensure a broader representation of interests and perspectives. Additionally, enhancing the transparency of EU institutions and providing accessible information on social policy initiatives can contribute to a better understanding and acceptance of EU social policies.
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Using the demand and supply curves for bonds, explain the effect
of the following on the interest rates.
a. A business cycle contraction
b. Low inflationary expectation
Both a business cycle contraction and low inflationary expectations have the potential to impact interest rates. A business cycle contraction, characterized by a decrease in economic activity, typically leads to a decrease in demand for bonds as investors seek higher returns elsewhere.
This decrease in demand puts downward pressure on bond prices and results in higher interest rates. On the other hand, low inflationary expectations can lead to a decrease in the supply of bonds as investors anticipate lower future inflation rates. The reduced supply of bonds increases their prices and decreases interest rates.
a. A business cycle contraction typically occurs during a recession when economic activity slows down. During this phase, consumer spending, investment, and overall demand for goods and services decrease. As a result, investors may become less willing to purchase bonds, opting for alternative investments that offer potentially higher returns. The decrease in demand for bonds causes bond prices to decline. To attract investors, issuers of bonds must increase interest rates. Therefore, during a business cycle contraction, interest rates tend to rise.
b. Low inflationary expectations can affect interest rates through the supply side of the bond market. When investors expect low inflation rates in the future, they anticipate a decrease in the purchasing power of money over time. As a response, investors may demand fewer bonds, which results in a reduced supply. With a decreased supply of bonds, their prices increase, and as bond prices rise, interest rates fall. This relationship occurs because higher bond prices provide a lower yield or return for investors. Therefore, low inflationary expectations tend to lead to lower interest rates.
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A manufacturing company, VMTC PLC, makes the product, blitz. Monthly sales for the first five months of 2022 have been estimated as: Month Units January 210 000 February 180 000 March 210 000 April 220 000 May 200 000 Additional Information: i. Actual units sold in 2021 November and December were 190 000 and 220 000, respectively. ii. One unit of blitz requires 2 kg of material at $3.50 per kg. iv. One unit of blitz requires half an hour of direct labour at a rate of $12 per hour. Based on past experience, 60% of cash is received in the month of sale, 25% the following month, 10% two months after and 5% is usually irrecoverable. Selling price is $18 per unit. V. vi. The company intends to have finished stock at the end of each month equivalent to 15% of the following month's budgeted sales. The policy regarding stock of raw materials is to have 25% of the following month's production requirements. vii. Stocks at 2022 January 01 are estimated to be 22 000 units of finished goods and 104 000 kg of raw materials. Produce, for 2022 January, February and March: A. production budget in units. (3 marks) B. raw materials purchased budget. (7 marks) a direct labour budget. (3 marks) (7 marks) D. a cash collection schedule for sales.
To calculate the production budget, raw materials purchased budget, direct labor budget, and cash collection schedule for sales, we'll use the given information. Let's break down each part:
A. Production Budget in Units:
The production budget determines the number of units to be produced each month. It is based on the budgeted sales and desired ending inventory.
Budgeted Sales for January to May:
January: 210,000 units
February: 180,000 units
March: 210,000 units
April: 220,000 units
May: 200,000 units
Desired Ending Inventory:
For each month, the desired ending inventory is 15% of the following month's budgeted sales.
January (Desired Ending Inventory for February): 0.15 * 180,000 units = 27,000 units
February (Desired Ending Inventory for March): 0.15 * 210,000 units = 31,500 units
March (Desired Ending Inventory for April): 0.15 * 220,000 units = 33,000 units
April (Desired Ending Inventory for May): 0.15 * 200,000 units = 30,000 units
May (No Desired Ending Inventory)
Production Budget (Units):
January:
Budgeted Sales: 210,000 units
Total Units Needed: Budgeted Sales + Desired Ending Inventory = 210,000 + 27,000 = 237,000 units
February:
Budgeted Sales: 180,000 units
Total Units Needed: Budgeted Sales + Desired Ending Inventory = 180,000 + 31,500 = 211,500 units
March:
Budgeted Sales: 210,000 units
Total Units Needed: Budgeted Sales + Desired Ending Inventory = 210,000 + 33,000 = 243,000 units
April:
Budgeted Sales: 220,000 units
Total Units Needed: Budgeted Sales + Desired Ending Inventory = 220,000 + 30,000 = 250,000 units
May:
Budgeted Sales: 200,000 units
Total Units Needed: Budgeted Sales (No Desired Ending Inventory) = 200,000 units
B. Raw Materials Purchased Budget:
The raw materials purchased budget is based on the production requirements and desired ending inventory for raw materials.
Production Requirements:
Each unit of blitz requires 2 kg of material. So, the production requirements can be calculated by multiplying the units produced by the material required per unit.
January: 237,000 units * 2 kg = 474,000 kg
February: 211,500 units * 2 kg = 423,000 kg
March: 243,000 units * 2 kg = 486,000 kg
April: 250,000 units * 2 kg = 500,000 kg
May: 200,000 units * 2 kg = 400,000 kg
Desired Ending Inventory:
For each month, the desired ending inventory is 25% of the following month's production requirements.
January (Desired Ending Inventory for February): 0.25 * 423,000 kg = 105,750 kg
February (Desired Ending Inventory for March): 0.25 * 486,000 kg = 121,500 kg
March (Desired Ending Inventory for April): 0.25 * 500,000 kg = 125,000 kg
April (Desired Ending Inventory for May): 0.25 * 400,000 kg = 100,000 kg
May (No Desired Ending Inventory)
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A vaccine manufacturing firm recently hired an engineer who discovered a novel method of generating the vaccine. He presented the company with a project plan with an initial cost of USD 120,000 and annual charges of USD 50,000. The initiative is planned to earn USD 82,000 in revenue in the first year, increasing by USD 1,000 each year until year 5. When the procedure is stopped after 5 years, a salvage value of USD 15,000 will be realized. If the company's MARR is 18 percent, use rate of return analysis (manual computation) to justify the feasibility of the project proposal.
The calculated rate of return is -32.43%. Since the RoR is negative and lower than the MARR of 18%, it indicates that the project proposal is not feasible or financially viable. The project is expected to result in a net loss, which does not meet the company's minimum requirements for profitability. Therefore, based on rate of return analysis, the project should not be pursued.
To analyze the feasibility of the project proposal using rate of return analysis, we need to calculate the rate of return (RoR) and compare it to the company's minimum attractive rate of return (MARR), which is given as 18 percent. Here's how we can proceed:
1. Calculate the total cash inflows for each year:
Year 1: Revenue - Annual Charges = $82,000 - $50,000 = $32,000
Year 2: $82,000 + $1,000 - $50,000 = $33,000
Year 3: $82,000 + $2,000 - $50,000 = $34,000
Year 4: $82,000 + $3,000 - $50,000 = $35,000
Year 5: $82,000 + $4,000 + $15,000 - $50,000 = $51,000
2. Calculate the total cash outflows:
Initial Cost + (Annual Charges x Number of Years) = $120,000 + ($50,000 x 5) = $370,000
3. Calculate the net cash flows for each year:
Year 1: Cash Inflow - Cash Outflow = $32,000 - $120,000 = -$88,000 (initial investment)
Year 2: $33,000 - $50,000 = -$17,000
Year 3: $34,000 - $50,000 = -$16,000
Year 4: $35,000 - $50,000 = -$15,000
Year 5: $51,000 - $50,000 = $1,000 + $15,000 (salvage value) = $16,000
4. Calculate the cumulative net cash flows:
Cumulative Net Cash Flow = Sum of Net Cash Flows for each year
Year 1: -$88,000
Year 2: -$105,000
Year 3: -$121,000
Year 4: -$136,000
Year 5: -$120,000 (includes the salvage value of $15,000)
5. Calculate the RoR:
RoR = (Cumulative Net Cash Flow / Initial Investment) x 100%
RoR = (-$120,000 / $370,000) x 100% = -32.43%
The calculated rate of return is -32.43%. Since the RoR is negative and lower than the MARR of 18%, it indicates that the project proposal is not feasible or financially viable. The project is expected to result in a net loss, which does not meet the company's minimum requirements for profitability. Therefore, based on rate of return analysis, the project should not be pursued.
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Suppose you work as a facilities manager in healthcare sector,
identify a process that needs some improvement and create a board
outline using DMAIC methodology for the process improvement.
3.b. Enlis
As a facilities manager in the healthcare sector, a process that may need improvement is the inventory management process for medical supplies. By applying the DMAIC (Define, Measure, Analyze, Improve, Control) methodology, a structured approach can be taken to identify and address issues in the inventory management process.
Define:
Clearly define the goal of the project, which is to improve the inventory management process for medical supplies.
Identify key stakeholders and their expectations.
Define the scope of the project, including the specific areas or departments involved in the process.
Measure:
Collect data on the current inventory management process, including inventory levels, stockouts, order fulfillment times, and costs.
Identify key performance metrics to measure the effectiveness and efficiency of the process.
Analyze the data to understand the current state of the process and identify areas of improvement.
Analyze:
Analyze the data collected to identify bottlenecks, inefficiencies, and root causes of issues in the inventory management process.
Use tools such as process mapping and value stream analysis to visualize the flow of materials and identify areas for optimization.
Conduct a root cause analysis to understand the underlying causes of inventory issues, such as inaccurate forecasting, lack of standardized procedures, or inefficient storage systems.
Improve:
Develop and implement solutions to address the identified issues and improve the inventory management process.
This may involve streamlining procedures, implementing inventory tracking systems, optimizing storage layouts, or improving communication and collaboration with suppliers and departments.
Pilot test the proposed improvements and gather feedback to refine the solutions.
Control:
Establish control measures to sustain the improvements made and ensure ongoing effectiveness.
Develop standard operating procedures and guidelines for inventory management.
Implement regular monitoring and reporting mechanisms to track performance and address any deviations.
By following the DMAIC methodology, the facilities manager can systematically improve the inventory management process for medical supplies, leading to enhanced efficiency, reduced costs, and improved patient care.
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Strenghts of using consumer choice theory to derive market demand
curve
Using consumer choice theory to derive market demand curves offers several strengths:
Individual Rationality: Consumer choice theory assumes that individuals are rational decision-makers who seek to maximize their utility or satisfaction. This assumption provides a solid foundation for understanding consumer behavior and predicting market demand.
Aggregation of Individual Choices: Consumer choice theory allows for the aggregation of individual choices to derive market demand curves. By summing up the demand of all consumers in the market, it provides insights into the overall demand for a product or service.
Demand Elasticity: Consumer choice theory enables the analysis of demand elasticity, which measures the responsiveness of quantity demanded to changes in price or other factors. This information is crucial for businesses in determining pricing strategies and understanding market dynamics.
Market Equilibrium: Consumer choice theory helps in analyzing market equilibrium, where the quantity demanded equals the quantity supplied. It allows for the determination of price and quantity at which the market is in equilibrium, providing a basis for understanding market efficiency.
Comparative Statics: Consumer choice theory allows for the analysis of changes in market conditions and their impact on demand. It helps in understanding how changes in factors such as income, prices of related goods, or consumer preferences affect market demand and consumer behavior.
Predictive Power: Consumer choice theory provides a framework for making predictions about consumer behavior and market demand. By understanding the factors that influence consumer choices, businesses can anticipate changes in demand and make informed decisions.
Overall, using consumer choice theory to derive market demand curves provides a rigorous and analytical approach to understanding consumer behavior and market dynamics. It offers valuable insights for businesses in making pricing decisions, understanding market equilibrium, and predicting consumer responses to changes in market conditions.
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On January 1, 2017, Polk Corporation issued $4,000,000, 7%, 5-year bonds with interest payable on January 1. The market rate of interest for these bonds was 5%. The corporation uses the effective-interest method of amortization of bond premium. Polk Corporation's financial reporting date is on December 31. Required: 1. Calculate the bond's issuance price on January 1, 2017. (Show calculations) 2. Prepare journal entries to record the following. (Round to the nearest dollar) (1) The issuance of the bonds on January 1, 2017. (2) The accrual of interest and the premium amortization on December 31, 2017. (3) The payment of interest on January 1, 2018. 3. What is the bond's book value on December 31, 2017? (Show calculations) 4. What is the total borrowing cost of this bond? (Show calculations) Type your answers on Moodle. Otherwise, no points
The present value of future cash flows determines the bond's issuance price. The bond has a $4,000,000 face value, 7% interest, and a 5-year duration. Market interest is 5%. Therefore The bond's January 1, 2017, issuing price is $7,482,901.01. December 31, 2017, Dr. $32,455 Cash Cr. $396,700 Bond Premium. Book value Worth $7,482,901
Interest payments can be calculated using the present value of annuity formula: Interest rate x face value
Interest: $4,000,000 x 7% = $280,000
Interest payment PV = Interest payment × [(1 - (1 + r)^(-n)) / r].
Interest payments = $280,000 x [(1 - (1 + 0.05)^(-5)) / 0.05].
Interest payments = $280,000 x (1 - 0.783526166) / 0.05
Interest payments = $280,000 x 15.52947334
Interest PV = $4,352,730.67
Present value of a single sum formula:
Face value / (1 + r) equals PV.PV = $4,000,000 / (1 + 0.05).5 PV of face value payment = $4,000,000/1.276281562
$3,130,170.34 face value payout
Interest payments + face value payments equal issuance price.
$4,352,730.67 + $3,130,170.34 = issuance price
$7,482,901.01 issuance price
The bond's January 1, 2017, issuing price is $7,482,901.01.
(1) January 1, 2017 bond issuance:
$7,482,901 cash
$482,901 Bond Premium
$7,000,000 Bonds Due
(2) December 31, 2017 interest and premium amortization:
$364,245 Interest
Dr. $32,455 Cash Cr. $396,700 Bond Premium
(3) January 1, 2018 interest:
Interest $280,000
Dr. $11,700 Cash Cr. $291,700 Bond Premium
Bond book value on December 31, 2017:
Book value = issue price - amortized premium
Worth $7,482,901
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what was the company’s cash flows from operating activities? multiple choice a cash outflow of $5,000 a cash inflow of $15,000 a cash outflow of $15,000 a cash inflow of $5,000
Based on the provided question, the company's cash flows from operating activities were a cash inflow of $15,000.
The company’s cash flows from operating activities were a cash inflow of $15,000. Explanation: Cash flow from operating activities refers to the total amount of cash generated or used by a company's normal business operations. It is the money that is generated from the company's sales or services rendered, and other activities related to normal operations, and is critical for its continued operation. The cash flows from operating activities could be either positive or negative. A positive cash flow from operating activities indicates that the company has enough cash to cover its everyday expenses such as wages, rent, and utility bills, among other things. A negative cash flow from operating activities, on the other hand, implies that the company is having difficulty generating sufficient cash to cover its day-to-day expenditures. Therefore, based on the provided question, the company's cash flows from operating activities were a cash inflow of $15,000.
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Georgy Porgy wanted to buy a bottle of orange juice from his room-mate Ricardo, but had no currency, so he wrote a note on excellent quality paper saying "OU $1 Georgy Porgy," which Ricardo accepted. Ricardo owed Suzanna Banana $1, and she accepted the IOU note. That IOU note circulated, as everybody knew Georgy Porgy and accepted the note in payment for debts and goods. It is still circulating ten years later. Is the IOU note money? No, because it is not a federal reserve note or other official currency. Yes, it has become a medium of exchange and final means of payment, as nobody has wanted to return the note to Georgy O No, because it represents debt. Yes, because all IOU notes are money
The question "Is the IOU note money?" is No, because it is not a federal reserve note or other official currency.
An IOU note is not money because it is not official currency or a federal reserve note. While it may have been accepted by a variety of individuals as a means of exchange, its underlying meaning is that it is a debt instrument and not a kind of payment for services or goods rendered. It's worth noting that IOU notes have been used in the past as a means of exchange, but they are not widely accepted as official currency because they are not backed by any official institution and are not widely recognized as such. IOU notes, on the other hand, are debt instruments that can be utilized to settle accounts or debts between individuals without requiring the transfer of real currency.
As a result, the IOU note is neither a currency nor a means of exchange. It's simply a written acknowledgment of a debt that needs to be repaid at some point in the future. While it may have circulated for ten years, it is still a debt instrument that does not hold any intrinsic value, and it cannot be accepted as official currency.
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Question Completion Status: QUESTION 2 Which of the following statements is incorrect? O A. Cash expenses are the total cash outflows within a given month B. The cash receipts and cash expenses are an
The incorrect statement is:
A. Cash expenses are the total cash outflows within a given month.
The correct statement is:
B. The cash receipts and cash expenses are an integral part of the cash flow statement.
Cash expenses refer to the cash outflows or payments made by a company during a specific period, which can include expenses such as salaries, rent, utilities, and other operating expenses. These expenses are recorded on the income statement and are an integral part of calculating the net income.
The cash flow statement, on the other hand, provides information about the cash inflows and outflows of a company during a specific period. It includes cash receipts from sales, loans, investments, as well as cash payments for expenses, investments, and financing activities. The cash flow statement helps analyze the company's ability to generate cash and manage its liquidity.
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3. Government Policies on Tariff and duties of India?
4. Are Products partially allowed to be imported? On what
conditions of India?
3. Government Policies on Tariff and Duties of India:
The government of India implements tariff and duty policies to regulate the import and export of goods in the country. These policies aim to protect domestic industries, promote economic growth, and maintain a favorable balance of trade. Tariffs are imposed on imported goods, while duties are taxes or fees levied on specific products or transactions. The government periodically reviews and revises these policies to align with the changing economic landscape and trade agreements.
4. Partial Import Allowance and Conditions in India:
India allows partial import of certain products based on specific conditions. The government may impose restrictions, regulations, or bans on the import of certain goods to protect domestic industries, safeguard national security, or promote environmental sustainability. These conditions can include obtaining licenses, complying with quality standards, fulfilling quota requirements, and adhering to import/export procedures. Such measures ensure that imports are regulated in a manner that benefits the economy and aligns with national priorities.
Here is the Explanation:
3. The government of India implements tariff and duty policies as part of its trade regulations. Tariffs are applied to imported goods as a form of taxation, which can either protect domestic industries by making imported products more expensive or generate revenue for the government. Duties, on the other hand, are specific taxes or fees imposed on certain products or transactions. These policies are crucial for maintaining a balance of trade, protecting domestic industries from unfair competition, and regulating the flow of goods across borders. The government periodically reviews and adjusts tariff rates and duty structures to respond to economic conditions and international trade agreements.
4. The Indian government imposes various conditions on partial import allowances to ensure that it aligns with the country's objectives. These conditions can be imposed for several reasons such as protecting domestic industries, promoting self-sufficiency, ensuring quality standards, complying with international obligations, or safeguarding national security. The conditions may require importers to obtain specific licenses or permits for importing restricted goods, comply with product quality standards and certifications, fulfill quota requirements, or follow prescribed import/export procedures. These measures help regulate the importation of goods, prevent unfair competition, maintain market stability, and promote sustainable economic growth.
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13. Which of the following is an example of public ownership of a monopoly? a. DeBeers b. Microsoft C. U.S. Postal Service d. AT&T
The example of public ownership of a monopoly is the U.S. Postal Service. The correct option is option C.
Public ownership of a monopoly refers to a situation where a government or public entity has complete control over a particular industry or market, eliminating competition and creating a monopoly. In the given options, the U.S. Postal Service (USPS) best fits this description.
The USPS is a government agency responsible for providing mail and package delivery services within the United States. It operates as a monopoly in the sense that it has exclusive control over the delivery of non-urgent letters and packages, known as "First-Class Mail."
Unlike private courier services such as FedEx or UPS, the USPS enjoys a legal monopoly granted by the U.S. government, which means it has the sole authority to deliver mail to individual mailboxes and access to certain postage-related services.
This exclusive control over mail delivery distinguishes the USPS as an example of public ownership of a monopoly.
Therefore, option c, the U.S. Postal Service, is the correct example of public ownership of a monopoly among the given options.
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Respond to the following in a minimum of 175
words: Your key stakeholder is asking for comprehensive Gantt charts
to determine how the project is progressing. Discuss what you will
tell them.
As a project manager, one of the primary tasks is to keep all the key stakeholders informed of the project's progress. In this case, the key stakeholder has requested comprehensive Gantt charts to determine how the project is progressing.
To address this request, I would explain to the stakeholder the benefits of Gantt charts and how they can provide useful insights into the project's progress.
Firstly, Gantt charts provide a visual representation of the project timeline, including all the tasks and milestones. This allows the stakeholders to quickly understand the project's current status and identify potential delays or issues. By using Gantt charts, the stakeholder can get a clear view of the project's progress, which can help them make informed decisions and take corrective action where necessary.
Secondly, comprehensive Gantt charts also provide information on resource allocation, which includes the tasks assigned to each team member and the amount of time allocated to each task. This can help stakeholders identify potential resource constraints or bottlenecks that could impact the project's progress.
Finally, Gantt charts can also be used to track project dependencies, which can help stakeholders understand how different tasks and milestones are related. By understanding these dependencies, stakeholders can make informed decisions and take corrective action if necessary.
In summary, Gantt charts are an essential tool for project management, and they can provide useful insights into the project's progress. As a project manager, I would explain the benefits of Gantt charts to the stakeholder and provide them with comprehensive Gantt charts that reflect the project's current status. By doing so, the stakeholder can make informed decisions and take corrective action where necessary.
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"Suppose when you are 19 years old, you deposit $900 into a bank account that pays 3 percent annual compound interest, and you do not withdraw from the account until your retirement at the age of 65, 46 years later. How much will be in the account when you retire?
A. $3506
B.$7,011
C. $2,801
D. $2,142"
Compound interest is the interest earned on the principal amount of the account plus the interest accumulated from previous periods.
This is in contrast to simple interest, which is the interest earned only on the principal amount of the account. Therefore, the formula for calculating compound interest is FV = P * (1 + r/n) ^ nt Where FV is the future value of the account ,P is the principal amount of the account r is the interest rate, n is the number of times the interest is compounded per year ,t is the number of years the account has been open Given that $900 was deposited into the account at an interest rate of 3 percent per year for 46 years, the formula becomes: FV = 900 * (1 + 0.03/1) ^ (1 * 46)Simplifying this formula, we get: FV = $900 * (1.03) ^ 46FV = $900 * 5.429Therefore, the future value of the account at retirement is $4,886.10.The answer is, Option E: $4,886.10.
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In class, we discussed social business -- what is a social
business, how social businesses differ from traditional businesses,
corporations' engagement in social business, how social business
could be
In class, social business was discussed, including its definition, how it differs from traditional businesses, corporations' involvement in social business, and the potential of social business to address social and environmental issues.
A social business is a type of business that aims to solve social and environmental problems while also being financially sustainable. Unlike traditional businesses that prioritize profit maximization, social businesses have a dual mission of creating a positive impact on society and generating revenue. They are driven by a social or environmental cause and use business principles to address these issues effectively.
One key difference between social businesses and traditional businesses is their primary focus. While traditional businesses prioritize profit generation for shareholders, social businesses prioritize social impact and the well-being of stakeholders. Social businesses may reinvest profits into their social mission or use them to sustain and expand their operations.
Corporations engage in social business through various means, such as establishing separate divisions or subsidiaries dedicated to social impact, partnering with social enterprises, or incorporating social and environmental considerations into their business practices. By embracing social business, corporations can align their business strategies with societal needs, enhance their reputation, and contribute to sustainable development.
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b
Question 39 5 pts Version 11 Explain the appropriate actions that the central bank should take if the economy were to face a downturn in the economy. What are the consequences to the money market and
The Federal Reserve should adopt an expansionary monetary policy by increasing the money supply and lowering interest rates if it is concerned that the economy is about to enter a recession.
Capital markets, on the other hand, are more geared toward the longer term and offer greater potential gains and losses. Money markets are comprised of short-term investments that carry less risk.How is the capital market affected by the money market?Both the capital and currency market exchange a time of obligation of monetary things or capital. The exchange currency market has a steady progression of capital between partnerships, legislatures, monetary foundations, and banks by loaning and getting cash. The transaction takes place on the capital market in both stocks and bonds.
Incomplete question :
Question 39 5 pts Version 11 Explain the appropriate actions that the central bank should take if the economy were to face a downturn in the economy.
What are the consequences to the money market and capital market ?
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THE HOTEL PARIS CASE Job Descriptions A brief analysis, conducted with her company's CFO, The Hotel Paris's competitive strategy is "To use superior guest reinforced that observation. They chose departments across service to differentiate the Hotel Paris properties, and to the hotel chain that did and did not have updated job descrip- thereby increase the length of stayand return rate of guests, and tions. Although they understood that many other factors thus boost revenues and profitability" HR manager Lisa Cruz might be influencing the results, they believed that the must now formulate functional policies and activities that sup relationships they observed did suggest that having job port this competitive strategy by eliciting the required employee descriptions had a positive influence on various employee behaviors and competencies. behaviors and competencies. Perhaps having the descriptions As an experienced human resource director, the Hotel facilitated the employee selection process, or perhaps the Paris's Lisa Cruz knew that recruitment and selection departments with the descriptions just had better managers. processes invariably influenced employee competencies and She knew the Hotel Paris's job descriptions would have behavior and, through them, the company's bottom line. to include traditional duties and responsibilities. However, Everything about the workforce-its collective skills, most should also include several competencies unique to morale, experience, and motivation-depended on attract cach job. For example, job descriptions for the front desk ing and then selecting the right employees. clerks might include "able to check a guest in or out in 5 In reviewing the Hotel Paris's employment systems, she minutes or less." Most service employees' descriptions was therefore concerned that virtually all the company's job included the competency, "able to exhibit patience and guest descriptions were out of date, and that many jobs had supportiveness even when busy with other activities." no descriptions at all. She knew that without accurate job descriptions, all her improvement efforts would be in vain. Questions After all, if you don't know a job's duties, responsibilities, In teams or individually and human requirements, how can you decide who to hire 1. Based on the hotel's stated strategy. list at least four impor or how to train them? To create human resource policies and tant employee behaviors for the Hotel Paris's staff practices that would produce employee competencies and 2. If time permits, spend some time prior to class observing behaviors needed to achieve the hotel's strategic aims, Lisa's the front desk clerk at a local hotel In any case, create a team first had to produce a set of usable job descriptions job description for a Hotel Paris front desk clerk
1. Based on the Hotel Paris' competitive strategy, here are four important employee behaviors for the staff to increase the length of stay and return rate of guests while boosting revenue and profitability: Providing superior guest service.
Able to exhibit patience and supportiveness, even when busy with other activities. Check a guest in or out in 5 minutes or less.Keeping the job description up to date.2. Team-created job description for a Hotel Paris front desk clerk:Job Title: Front Desk ClerkJob Purpose: To ensure guest satisfaction through friendly, courteous, and efficient service, while following Hotel Paris's procedures and policies. Key Accountabilities: Greets guests upon arrival and departure, ensuring their needs are met with courteous and efficient service.Assists guests with the check-in and check-out processes while following the 5-minute standard check-in or check-out.Able to answer the phone within three rings and communicate with guests in a friendly, helpful, and professional manner.Conducts all transactions with accuracy and attention to detail.Assists guests with the necessary information regarding Hotel Paris amenities, local attractions, and transportation.Handles guest complaints and concerns, communicates with the hotel manager when necessary.Assists other departments, such as housekeeping and maintenance, with their requests. Ability to work flexible shifts as assigned by management. Required Competencies: Outstanding customer service skills. Ability to multi-task and work under pressure. Strong interpersonal communication skills.Excellent problem-solving skills. Attention to detail.
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If the final balance does not balance, which of following is not
a method used to detect the error
The method that is not used to detect an error when the final balance does not balance is B) Reconciling the bank statement.
When the final balance does not balance, it indicates that there is an error in the financial records or calculations. Detecting the error is crucial to ensure the accuracy of the financial statements. Several methods can be used to identify the error, but one of them is not effective in this situation.
A) Checking mathematical calculations: This involves reviewing all the calculations made to determine if any errors or miscalculations have occurred. It helps to identify mathematical mistakes that may have caused the imbalance.
B) Reconciling the bank statement: While bank reconciliation is an important process to ensure the accuracy of cash balances, it is not directly related to detecting errors that cause an imbalance in the final balance. Bank reconciliation focuses on comparing the company's records with the bank statement to identify any discrepancies or errors in cash transactions.
C) Reviewing individual transactions: This method involves examining each individual transaction recorded to identify any errors or omissions. It helps to pinpoint specific entries that may have caused the imbalance.
D) Checking ledger postings: This method involves reviewing the ledger postings to verify the accuracy of the recorded transactions. It ensures that all transactions are correctly posted to the appropriate accounts and helps identify any posting errors.
Therefore, the method that is not used to detect an error when the final balance does not balance is B) Reconciling the bank statement.
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Calista's Doggie Treats is a small company that produces a variety of doggie products for discerning doggie parents. Calista thinks that there is a specialized demand for doggie outdoor gear and is th
Calista's Doggie Treats is a small company that produces various products for dogs. Calista believes there is a specialized demand for doggie outdoor gear, which is why she is thinking of creating such products. This is an opportunity for the company to expand its product offerings and increase its revenue.
Calista's Doggie Treats is a small company that produces doggie products. Calista believes that there is a demand for doggie outdoor gear, and therefore, she is considering creating such products. By doing so, she can expand her company's product offerings and increase her revenue. She should conduct market research to determine whether this product idea will be profitable and feasible. If she receives positive feedback from potential customers, she can begin developing her outdoor doggie gear line. This will give her company a competitive edge and establish its brand as one that offers a wide range of dog products.
In conclusion, Calista's Doggie Treats can benefit from producing outdoor gear for dogs, as there is a potential market for it. However, it is essential to conduct market research to determine the feasibility of the product and ensure its profitability. If Calista receives positive feedback, she can go ahead and develop the product, which will help her company expand its product offerings and increase its revenue.
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