No, I do not agree with this statement, "Demand management policies, such as fiscal and monetary policies do not matter for growth in the long run as economic growth mainly depends on productivity growth".
Demand management policies, including fiscal and monetary policies, play a significant role in promoting economic growth, both in the short run and the long run. While productivity growth is indeed a crucial factor in driving long-term economic growth, it is not the sole determinant.
Importance of Demand Management Policies: Demand management policies, such as fiscal policies (government spending and taxation) and monetary policies (interest rates, money supply), directly influence aggregate demand in an economy. By stimulating or moderating aggregate demand, these policies can have a substantial impact on economic growth. For example, during periods of economic recession, expansionary fiscal and monetary policies can help stimulate demand, leading to increased economic activity and growth. Conversely, during periods of inflation or overheating, contractionary policies can help manage demand and maintain stability.Relationship between Demand and Productivity Growth: There is an interplay between demand and productivity growth. Strong demand can create incentives for businesses to invest in innovation, research and development, and technological advancements, which can drive productivity growth over the long run. Likewise, productivity growth can enhance an economy's capacity to meet increasing demand and contribute to sustainable economic growth. Therefore, it is not a matter of either demand or productivity growth but rather recognizing the importance of both factors and their interconnectedness.Long-Term Growth Drivers: While demand management policies can have a more immediate impact on growth, productivity growth remains a crucial driver of long-term economic expansion. Enhancing productivity through investments in human capital, technology, infrastructure, and institutional frameworks is essential for sustained economic growth and improved living standards. However, the absence of effective demand management policies can limit the realization of an economy's productive potential.In conclusion, both demand management policies and productivity growth are integral to achieving long-term economic growth. Disregarding the importance of demand management policies would overlook their role in stabilizing the economy, stimulating investment and consumption, and providing an environment conducive to productivity growth.
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Which of the following statements is false?
A. In traditional costing, high-volume products are often subsidising the low-volume products.
B. Traditional costing systems tend to create a product cost distortion problem.
C. Traditional costing systems tend to over cost high-volume product lines.
D. Traditional product costing systems recognise a range of non-volume-based cost drivers.
The false statement is (D) Traditional product costing systems recognize a range of non-volume-based cost drivers.
A, B, and C are true statements regarding traditional costing systems, which allocate costs based on volume-related measures such as direct labor hours or machine hours. In such systems, high-volume products often bear a higher proportion of overhead costs, subsidizing the lower-volume products (A).
This can result in a product cost distortion problem (B) where the costs of low-volume products are inaccurately assigned, potentially impacting pricing decisions and profitability analysis. Furthermore, traditional costing systems tend to over cost high-volume product lines (C) because the overhead costs are spread thinly across the high-volume products, resulting in inflated costs per unit.
However, statement D is false. Traditional product costing systems typically focus on volume-based cost drivers and allocate costs based on these drivers. Non-volume-based cost drivers, such as complexity, setup time, or special handling requirements, are not typically recognized or incorporated into traditional costing systems. This limitation can lead to inaccurate cost allocation and hinder the ability to assess the true cost implications of non-volume-related factors on product profitability.
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Nemausus plc prepares its consolidated financial statements in accordance with IFRS and holds an investment in another company, Alesia Ltd. i) Nemausus plc acquired 800,000 of Alesia Ltd's ordinary shares several years ago, for consideration of 1 million of its own ordinary shares and £400,000 cash. At the date of acquisition the fair value of Nemausus plc's shares was £1.20 per share. The retained earnings of Alesia Ltd at that date were £215,000 debit. Nemausus plc measured the non-controlling interest using the proportionate method. ii) All of the carrying amounts of other assets in Alesia Ltd's statement of financial position at the date of acquisition were equal to fair values, with the exception of a piece of land held by the company. The land was carried at its cost of £200,000 but the fair value at the acquisition date was measured at £500,000. iii) Alesia Ltd's statement of financial position at acquisition included goodwill of £50,000, which had arisen on the acquisition of a sole trader. At 31 March 2016 this amount had been impaired and a carrying amount of £20,000 remained in Alesia Ltd's own financial statements. iv) Nemausus plc carries out annual impairment reviews of goodwill. At 31 March 2015 cumulative impairment losses in respect of goodwill arising on the acquisition of Alesia Ltd of £200,000 had arisen. A further impairment loss of £20,000 arose during the current year and needs to be recognised. v) During the year Alesia Ltd sold goods to Nemausus plc at a mark-up of 50%. The goods cost Alesia Ltd £140,000. At the year end, half of the goods remained in Nemausus plc's inventory but the invoice for the full amount of these goods had not been settled.
Based on the provided information, here are the relevant points related to Nemausus plc's investment in Alesia Ltd and the associated accounting implications:
i) Acquisition of Alesia Ltd:
Nemausus plc acquired 800,000 ordinary shares of Alesia Ltd for consideration of 1 million of its own ordinary shares and £400,000 cash.
At the acquisition date, the fair value of Nemausus plc's shares was £1.20 per share.
The retained earnings of Alesia Ltd at that date were £215,000 debit.
Nemausus plc measured the non-controlling interest using the proportionate method.
ii) Land Valuation:
Except for land, all other assets in Alesia Ltd's statement of financial position were carried at fair value.
The land was carried at cost (£200,000), but its fair value at the acquisition date was £500,000.
iii) Goodwill:
Alesia Ltd's statement of financial position at acquisition included goodwill of £50,000, which had arisen on the acquisition of a sole trader.
As of 31 March 2016, the carrying amount of goodwill in Alesia Ltd's financial statements was £20,000 due to impairment.
iv) Impairment of Goodwill:
Nemausus plc performs annual impairment reviews of goodwill.
As of 31 March 2015, cumulative impairment losses of £200,000 had been recognized for goodwill arising from the acquisition of Alesia Ltd.
An additional impairment loss of £20,000 arose during the current year and needs to be recognized.
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table: price and output data) use table: price and output data. the price index for year 4 is: year output price per unit 1 2 $2 2 3 $4 3 = base period 4 $5 4 6 $6 5 7 $9 6. 0. 120. 80.
The average price level of a basket of goods and services can change over time, and a price index is a statistical tool used to track those changes. It offers a means to track economic inflation or deflation. The correct answer is 120.
To find the price index for year 4 from the given table of price and output data, follow these steps:
Step 1: Identify the base year Base year refers to the year used for comparison and indexing purposes. In the given table, it is given that "3 = base period." It means year 3 is the base year for this data.
Step 2: Calculate the price index The formula to calculate the price index is:
Price index = (Price of the year / Price in the base year) x 100We have to find the price index for year 4. Using the above formula, we get: Price index for year 4 = (Price of year 4 / Price in the base year) x 100 Price of year 4 = $6Price in the base year = $5
Therefore, the Price index for year 4 = (6 / 5) x 100 = 120
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Cullumber Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $3,528, Work in Process-Cutting $2,436, Work in Process-Assembly $8,904, and Finished Goods $26,040. During July, the following transactions occurred. 1. Purchased $52,500 of raw materials on account. 2. Incurred $50,400 of factory labor. (Credit Wages Payable.) 3. Incurred $58,800 of manufacturing overhead: $33,600 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $13,188 and Assembly $7,476. 5. Used factory labor for Cutting $27.720 and Assembly $22,680. 6, Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 1,412 and Assembly 1.444. 7. Transferred goods costing $56,784 from the Cutting Department to the Assembly Department. 8. . Completed and transferred goods costing $113,316 from Assembly to Finished Goods Inventory. 9. Sold goods costing $126,000 for $168,000 on account. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. I N 3. Debit Credit 7. 8. 9. (To record the cost of goods sold) (To record the sale) 100 40 ụ 3
Cullumber Company has two production departments Cr. $126,000.
Journalizing the transactions of Cullumber Company
Transaction 1: Purchased raw materials of $52,500 on account. Raw Materials Dr. $52,500Accounts Payable Cr. $52,500
Transaction 2: Incurred $50,400 of factory labor.
Wages Payable Dr. $50,400Factory Labor Cr. $50,400
Transaction 3: Incurred $58,800 of manufacturing overhead; $33,600 was paid and the remainder is unpaid.
Manufacturing Overhead Dr. $58,800Cash Dr. $33,600Accounts Payable Cr. $33,600Accrued Expenses Payable Cr. $25,200Transaction 4: Requisitioned materials for Cutting $13,188 and Assembly $7,476.Raw Materials-Cutting Dr. $13,188Raw Materials-Assembly Dr. $7,476Accounts Payable Cr. $20,664Transaction 5: Used factory labor for Cutting $27.720 and Assembly $22,680.F
actory Labor-Cutting Dr. $27,720Factory Labor-Assembly Dr. $22,680Wages Payable Cr. $50,400Transaction 6: Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 1,412 and Assembly 1,444.Manufacturing Overhead Dr. $50,832 (1412 + 1444) * $18Work in Process-Cutting Cr. $25,296 (1412 * $18)Work in Process-Assembly Cr. $25,536 (1444 * $18)Transaction 7: Transferred goods costing $56,784 from the Cutting Department to the Assembly Department.Work in Process-Assembly Dr. $56,784Work in Process-Cutting Cr. $56,784Transaction 8: Completed and transferred goods costing $113,316 from Assembly to Finished Goods.Inventory Finished Goods Dr. $113,316Work in Process-Assembly Cr. $113,316Transaction 9: Sold goods costing $126,000 for $168,000 on account.Accounts Receivable Dr. $168,000Sales Cr. $168,000Cost of Goods Sold Dr. $126,000Inventory Finished Goods Cr. $126,000
Note: The numbers in brackets are the balance of the inventory accounts after adjusting for the journal entries. You can calculate the balance of the inventory accounts by adding debits (when applicable) and subtracting credits to the balance at the beginning of the month.
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he figure shows the market for an illegal good. 100 80 60 40 20 D 0 70 110 150 Quantity (units) Calculate the market price and the quantity bought if a penalty of $20 a unit is imposed on a. Sellers only or buyers only. b. Both sellers and buyers. Price (dollars per unit)
The market for an illegal good is depicted in the figure provided, showing the demand curve and quantity levels at different prices.
The task is to calculate the market price and quantity bought under two scenarios: a) when a penalty of $20 per unit is imposed on sellers only, and b) when the penalty is imposed on both sellers and buyers.
a) When the penalty of $20 per unit is imposed on sellers only, the market price will increase by the amount of the penalty. In this case, the new market price will be $80 per unit (original price of $60 plus the penalty of $20). The quantity bought will decrease as a result of the higher price. However, without specific information on the demand function, it is not possible to determine the exact quantity bought.
b) When the penalty of $20 per unit is imposed on both sellers and buyers, the market price will increase by the amount of the penalty, similar to the previous scenario. However, the effect on the quantity bought may be different depending on the relative elasticity of demand and supply. If demand is relatively more elastic compared to supply, the quantity bought may decrease significantly. Conversely, if supply is relatively more elastic, the quantity bought may be less affected.
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Denise and Donna legally married each other in the state of New York. Later, when Donna got a job promotion and transfer, they moved to Georgia. Under DOMA, after the recent Supreme Court ruling, which of the following is/are true?
Georgia is not required to legally recognize the marriage of Denise and Donna in New York.
Georgia is required to legally recognize the marriage of Denise and Donna in New York.
The marriage of Denise and Donna may not be recognized by any state.
Only the state of Georgia is required to recognize the marriage of Denise and Donna.
After the recent Supreme Court ruling, the correct statement is: Georgia is required to legally recognize the marriage of Denise and Donna in New York.
The Marriage Of Denise And DonnaPrior to the Supreme Court ruling in 2015, the Defense of Marriage Act (DOMA) allowed states to refuse recognition of same-sex marriages performed in other states, even if those marriages were legally recognized in the state where they occurred.
However, in the landmark case of Obergefell v. Hodges, the Supreme Court declared that same-sex marriage is a constitutional right, and states are required to recognize such marriages performed in other states.
This means that their marital status should be recognized by the state of Georgia, granting them the same legal rights and benefits as any other married couple in the state.
The recognition of their marriage is based on the principle of equal protection under the law as established by the Supreme Court's ruling.
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Provide a talent strategy that allows you to define,
recruit and select top talent for a key role in Uber. Be sure to
include content from HRM 12th Edition chapter 4 or 5
To define, recruit, and select top talent for a key role in Uber, a talent strategy must be implemented. The strategy for hiring top talent must include various steps and considerations, including a job analysis, job description, recruitment, selection, and training. Chapter 4 and 5 of the HRM 12th Edition provide some useful insights into creating an effective talent strategy for hiring top talent for a key role in Uber.
To hire top talent for a key role in Uber, a talent strategy that involves job analysis, job description, recruitment, selection, and training should be implemented. Firstly, a job analysis should be conducted to understand the requirements of the position in Uber. This would help in designing the job description that clearly outlines the duties, responsibilities, and qualifications of the position.
Secondly, the recruitment process should be designed to attract the best talent. A range of recruitment strategies such as online job posting, social media advertising, and job fairs can be used to attract candidates. To ensure that the recruitment process is efficient, it is important to have a set of criteria for selecting candidates based on qualifications, experience, and other relevant factors.
Lastly, selected candidates should undergo a training program to ensure that they are well-versed with the company's mission, vision, and values. This would ensure that they are a good fit for the organization and can effectively execute their duties.
In designing a talent strategy that allows you to define, recruit, and select top talent for a key role in Uber, you need to consider several factors.
Job analysis
To define a talent strategy, a job analysis should be conducted to determine the duties, responsibilities, and qualifications for the position. A job analysis is a process of identifying the requirements of a job, such as knowledge, skills, abilities, and personal characteristics.
Job description
The next step is to design a job description that clearly outlines the duties, responsibilities, and qualifications of the position. The job description should be clear and concise and should include details such as education, experience, skills, and other requirements.
Recruitment
The recruitment process is the next step in hiring top talent. A range of recruitment strategies can be used to attract candidates, including online job postings, social media advertising, job fairs, and employee referrals. To ensure that the recruitment process is efficient, it is important to have a set of criteria for selecting candidates based on qualifications, experience, and other relevant factors.
Selection
The selection process involves evaluating candidates based on their qualifications, experience, skills, and other relevant factors. The selection process should be designed to ensure that the best candidates are selected for the position. This could include interviews, aptitude tests, skills assessments, and reference checks.
Training
Finally, selected candidates should undergo a training program to ensure that they are well-versed with the company's mission, vision, and values. This would ensure that they are a good fit for the organization and can effectively execute their duties. Training could include orientation sessions, job-specific training, and on-the-job training.
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1-
Why is project planning necessary:
Select one:
a.
Maximize risk of problems occurring
b.
Efficient and minimize utilization of resources
c.
Basis for evaluating progress, controlling the work and m
Project planning is necessary for several reasons, but the most important one is that it serves as the foundation for evaluating progress, controlling the work, and making informed decisions.
Controlling the work, and managing resources effectively. Here's a further explanation of why project planning is necessary:
Evaluation of progress: Project planning allows for the establishment of clear objectives, milestones, and deliverables. By having a well-defined plan, project managers can compare the actual progress against the planned timeline and identify any deviations or delays. This enables them to take corrective actions and keep the project on track.
Control of the work: Project planning provides a roadmap for executing the project. It outlines the tasks, dependencies, and responsibilities, ensuring that everyone involved understands their roles and what needs to be accomplished. With a detailed plan, project managers can monitor the progress of each task, identify bottlenecks, and take appropriate actions to keep the project moving forward.
Resource management: Effective project planning helps in allocating and managing resources efficiently. By estimating the resources required for each task, project managers can determine the optimal utilization of resources, avoid overallocation or underutilization, and ensure that the necessary resources are available when needed. This prevents resource constraints and helps in maintaining productivity throughout the project.
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What are the reasons for the decrease in university tuition
fees?
The decrease in university tuition fees can be attributed to various factors. These reasons may include government initiatives to improve access and affordability, changes in funding models, increased competition among universities.
One significant reason for the decrease in university tuition fees is the government's commitment to enhancing access to education. Governments may introduce policies and funding programs to support lower tuition fees, aiming to reduce the financial burden on students and promote equal educational opportunities. Additionally, changes in funding models, such as increased public investment in education or alternative revenue sources for universities, can contribute to the reduction in tuition fees. Competition among universities is another driving force behind decreasing tuition fees. In a competitive higher education landscape, universities strive to attract students by offering more affordable tuition rates. Lowering fees can help institutions attract a larger pool of students and remain competitive in the market, leading to a downward trend in tuition costs.
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QUESTION THREE a. What is an indifference curve? (2 marks) b. Write on two (2) characteristics of indifference curves (4 marks) c. What is Marginal Rate of Substitution? (2 marks) d. What is a budget line? (2 marks) e. Explain with a graph what will happen to the budget line when: 1. Income effect(5 marks) 11. Substitution effect (5 marks) QUESTION
Indifference curves are a graphical representation of the various combinations of two goods that an individual or consumer deems equally satisfactory or indifferent.
The consumer is assumed to derive equal satisfaction from all the goods on an indifference curve. The horizontal axis of an indifference curve represents the quantity of one good, while the vertical axis represents the quantity of the other good.
Two key properties of indifference curves are completeness and transitivity. Completeness means that the consumer should be able to rank all the possible combinations of goods. Transitivity means that if a consumer prefers bundle A to bundle B and bundle B to bundle C, then they must also prefer A to C.
The Marginal Rate of Substitution (MRS) is the rate at which a consumer is willing to exchange one good for another while staying indifferent. It is the slope of the indifference curve at a particular point and represents the amount of one good that the consumer is willing to give up for a unit of the other good.
A budget line shows all the possible combinations of two goods that can be purchased by a consumer given a certain level of income and prices of the goods. It is a straight line that shows the maximum combinations of two goods that can be purchased with a given income and fixed prices of the goods.
The income effect of a change in income on the budget line depends on whether the good in question is a normal or inferior good. For normal goods, an increase in income will result in the budget line shifting outward parallel to the original line, while a decrease in income will shift the budget line inward. For inferior goods, an increase in income will shift the budget line inward while a decrease in income will shift it outward.
The substitution effect of a change in the price of a good occurs when the consumer switches to a substitute good that is now relatively cheaper. This results in the budget line pivoting around the intercept of the cheaper good, and the consumer being able to afford more of the substitute good. This movement results in a new equilibrium point and indifference curve. In a nutshell, the budget line is affected by both income and substitution effects, which change the feasible set of combinations that the consumer can purchase
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When Cindy borrows a $100 loan at 7.0 percent, she wants interest to be compounded OA. monthly OB. quarterly OC. weekly O D. annually
D. Annually: This means that the interest would be calculated and added to the principal amount once a year.
When Cindy borrows a $100 loan at 7.0 percent, the frequency at which interest is compounded will determine how often the interest is added to the loan balance and recalculated.
Compounding refers to the process of earning interest on both the original principal amount and any previously accumulated interest.
In this case, the s for compounding frequency are monthly, quarterly, weekly, or annually. Each represents how frequently the interest is added to the loan balance.
If interest is compounded monthly, it means that at the end of each month, the interest is added to the loan balance. Quarterly compounding implies that the interest is added every three months, weekly compounding means interest is added every week, and annual compounding means interest is added once a year.
The choice of compounding frequency affects the total amount of interest paid by Cindy over the loan period. Generally, more frequent compounding leads to higher interest payments because the interest is added more frequently.
To determine the best compounding frequency, Cindy should consider her financial situation and preferences. If she prefers to have a lower overall interest cost, annual compounding might be suitable. However, if she wants to minimize the loan balance quickly, more frequent compounding, such as monthly or quarterly, could be beneficial. Ultimately, the choice depends on Cindy's financial goals and the terms offered by the lender.
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Consider the following ethical dilemmas that may face a researcher. Describe ways you might anticipate the problem and actively address it in your research proposal. What boundaries must researchers work within and who sets them?
1. A prisoner you are interviewing tells you about a potential breakout at the prison that night. What do you do?
As a researcher, it is important to prioritize the safety of participants and others involved in the research. In this situation, if the prisoner tells you about a potential breakout at the prison that night, it is important to take the information seriously and report it to the appropriate authorities.
To anticipate this problem and address it in the research proposal, it would be necessary to include a section on ethical considerations and potential risks. This section could outline the steps that will be taken to protect participants and others involved in the research, including how any concerns or issues will be reported and addressed.
Researchers must work within ethical boundaries set by professional organizations and institutions. In the UK, the British Psychological Society (BPS) has published guidelines on ethical research conduct, which are widely followed by researchers in the field. These guidelines set out the standards for ethical conduct in research, including issues such as informed consent, confidentiality, and the protection of participants' rights and welfare.
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A supplier produces a product at the cost of $0.5 per unit (i.e., c=0.5) and sells it to a retailer at the wholesale price w. The retailer, in turn, sells the product to customers at a retailer price p. The two firms are considering a revenue sharing contract as follows. The supplier sells the product free of charge (i.e., w=0) to the retailer, but for each product sold the supplier gets 0.7p and the retailer gets 0.3p. The demand for the product is not random, but is sensitive to price, given as D(p)=100-50p. Assume that inventory-related costs are zero. What is the retail price p that maximizes the retailer's own profit? O 0.7 0.5 O 1.5 0 1 O 0.3
Revenue sharing contract refers to the negotiation between the supplier and the retailer to share the revenue by selling a product. In the case of a revenue-sharing contract, the supplier provides the product free of charge to the retailer, and both firms get a certain percentage of the revenue earned. the correct answer is option (D)
The percentage of revenue sharing can differ based on mutual agreement. The given demand for the product is D(p) = 100-50p. The cost incurred by the supplier to produce one unit of the product is 0.5, which means w = 0. To find the value of p, the retailer needs to maximize his own profit.Profit of retailer = (Revenue - Cost) × QuantityCost = 0.5 × quantity (as w = 0)Revenue = p × quantity × 0.3 (retailer's share) + p × quantity × 0.7 (supplier's share).
Retailer's profit = (0.3p - 0.5) × quantity Equation can be written as P = 0.3p - 0.5To maximize the retailer's profit, we need to differentiate the above equation with respect to p and equate it to zero.dP/dp = 0.3, which implies that 0.3p - 0.5 = 0, and 0.3p = 0.5p = 5/3p = $1.67Therefore, the value of p that maximizes the retailer's profit is $1.67 or 1.5.
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6. using this balance sheet of the b-money bank to answer the questions below. assume the reserve ratio is 10 percent
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.
It consists of three main components: assets, liabilities, and equity. Assets represent what the company owns or controls, such as cash, investments, property, and equipment. Liabilities are the company's obligations or debts, including loans, accounts payable, and accrued expenses. Equity represents the ownership interest in the company and is calculated as the difference between assets and liabilities.
The reserve ratio is a requirement set by regulatory authorities that determines the percentage of deposits that banks must hold as reserves. Assuming a reserve ratio of 10 percent means that the bank is required to hold 10 percent of its deposits as reserves, which cannot be used for lending or other purposes.
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David, Raymond and Lily are partners sharing profit and losses in the ratio of 3: 2:1 respectively. The statement of financial position as March 31, 2016 was as follows: Statement of financial position as at 31 March 2016 RM RM Non-current assets 37600 Plant & Machinery Building 24000 61600 Current assets Trade receivables 24800 (-) Provision for Doubtful Debt 2400 22400 Inventories 18400 Cash/Bank 32240 73040 134,640 Equities and Liabilities Capital: David 51840 27360 Raymond Lela 14240 93440 Non-current lability Loan - David 10,000 Current liabilities Trade payables 31200 41200 134640 David retired on March 31, 2016 and Raymond and Lily continued in partnership sharing profits and losses in the ratio of 2 : 1. David was repaid RM20000 on 1.4.2016 and it was agreed that the remaining balance due to him should be kept as his loan to the firm. For the purpose of David's retirement it was agreed that: 1. Building be revalued at RM48,000 and Plant and Machinery at RM31,600. 2. The provision for bad debts was to be increased by RM800. 3. A provision of RM1,000 included in creditor was no longer required. 4. RM2,400 was to be written off from the stock in respect of damaged items. 5. A provision of RM8,480 made in respect of outstanding legal charges. 6. The goodwill of the firm to be valued at RM28,800. Required: Prepare Revaluation Account, Capital A/C of partners and statement of financial position for the new firm as at 1st April 2016.
To prepare the Revaluation Account, we need to consider the revaluation of assets and the adjustments agreed upon during David's retirement.
The revaluation includes the building and plant & machinery, which were revalued at RM48,000 and RM31,600 respectively. The adjustments involve changes in provisions, writing off damaged stock, and provisions for outstanding legal charges. The Capital Accounts of partners need to be adjusted based on David's retirement. David received RM20,000, and the remaining balance due to him is considered as his loan to the firm. The profit and loss sharing ratio between Raymond and Lily is now 2:1.
To prepare the statement of financial position for the new firm as of 1st April 2016, we need to consider the revised values of assets, the adjustments made, the revaluation account, and the adjusted capital accounts of partners. The Revaluation Account will show the revaluation gain or loss, and the Capital Accounts will reflect the adjusted capital balances after David's retirement. Finally, the statement of financial position will present the revised values of assets, liabilities, and capital as of 1st April 2016, considering the changes made due to the revaluation and David's retirement.
It is important to perform the calculations and adjustments based on the given information to accurately prepare the Revaluation Account, Capital Accounts, and statement of financial position for the new firm as at 1st April 2016.
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1. Review these three mission statements and assess whether they meet the "person on a bus" test. To provide book lovers and those they care about with the most inspiring retail and online environments in the world for books and life-enriching products and services. X is dedicated to building a world-class national resource enabling Canadians to know their country and themselves through their published heritage, and to providing an effective gateway to national and international sources of information. X is an independent campaigning organization that uses nonviolent, creative confrontation to expose global environmental problems and to force the solutions essential to a green and peaceful future. 2. "Employees are our biggest asset." "Yes, but they can walk out the door any time and all your investment in them will be lost." Explain why investments in human capital are important. Using the example of a great coach, explain why all is not lost if some of the team members quit. 3. You and your friend decide to open a high-end restaurant specializing in cuisine from your home country. This type of food may appeal to people in the neighbourhood, but you will need to differentiate this restaurant from others, and offer great service, with explanations, customization, etc. Describe the ways in which you would use HRM programs to train the waiters. 4. Some HR professionals are suggesting that employers not "stereotype" generations and treat them differently. Argue the pros and cons of establishing different HR Policies for different generations. 5. Using your school as an example, find one trend in each of the areas (economics, globalization, political/legislative, technology, demographic and social/cultural) that will impact enrollment in your school. 6. Employees spend an average of 43 minutes a day at work on personal mobile devices. A company in the United States implanted a micro chip in employees (who had volunteered to have this done) to prove the identity of the user and increase security and privacy. What policies should the HR department develop in anticipation of the continuing use of technology?
1. Review of Mission Statements:
a) "To provide book lovers and those they care about with the most inspiring retail and online environments in the world for books and life-enriching products and services."
Assessment: This mission statement does not meet the "person on a bus" test as it is lengthy and lacks simplicity. It may be difficult for a person on a bus to quickly understand the core purpose and focus of the organization.
b) "X is dedicated to building a world-class national resource enabling Canadians to know their country and themselves through their published heritage, and to providing an effective gateway to national and international sources of information."
Assessment: This mission statement does not meet the "person on a bus" test as it is complex and contains industry-specific jargon. It may not be easily comprehensible to someone outside the organization or unfamiliar with the industry.
c) "X is an independent campaigning organization that uses nonviolent, creative confrontation to expose global environmental problems and to force the solutions essential to a green and peaceful future."
Assessment: This mission statement partially meets the "person on a bus" test as it conveys a clear and concise purpose of the organization. However, it may still benefit from simplification to enhance overall clarity and accessibility.
2. Importance of Investments in Human Capital:
Investments in human capital are crucial for several reasons:
Skill Development: By investing in training, education, and development programs for employees, organizations can enhance their skills, knowledge, and abilities. This, in turn, improves employee performance and productivity.
Competitive Advantage: Human capital investments contribute to a company's competitive advantage. Well-trained and skilled employees enable organizations to innovate, adapt to changes, and outperform competitors.
Employee Retention: Investing in human capital demonstrates a commitment to employees' growth and development, leading to higher job satisfaction and increased employee loyalty. This, in turn, reduces turnover and the associated costs of recruitment and training.
Organizational Culture: Investments in human capital foster a positive organizational culture by promoting a learning environment, collaboration, and employee engagement. This leads to higher employee morale and overall organizational effectiveness.
Using the example of a great coach, investments in human capital can still yield benefits even if some team members quit. A great coach invests time and resources in developing the skills and abilities of each team member. If some team members leave, the coach's investment in the remaining team members remains intact, and they can continue to perform at a high level. Additionally, the coach's training and development efforts may attract new talented individuals to join the team, ensuring a strong and capable workforce.
3. HRM Programs for Training Waiters in a High-End Restaurant:
To train waiters in a high-end restaurant specializing in cuisine from their home country, HRM programs can be utilized in the following ways:
Onboarding and Orientation: Develop a comprehensive onboarding program to introduce new waiters to the restaurant's culture, values, and service standards. Provide orientation sessions to familiarize them with the menu, ingredients, and cooking techniques specific to the cuisine.
Menu Knowledge and Customization: Implement training programs to ensure waiters have in-depth knowledge of the menu items, including ingredients, preparation methods, and potential allergens. Train them to offer customization options based on customer preferences or dietary restrictions.
Service Excellence: Offer training on delivering exceptional customer service, including communication skills, etiquette, and attentive table service. Emphasize the importance of creating memorable dining experiences for guests.
Wine and Beverage Training: Provide education on wine pairings, beverage recommendations, and mixology techniques. Develop training programs to enhance waiters' knowledge of wine varieties, tasting notes, and service etiquette.
Cultural Understanding: Conduct training sessions to educate waiters about the cultural significance of the cuisine and its traditions.
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1.True or Falsre
a. No self-revision is possible if the Tax Authority starts its
audit.
b. The tax rate is regressive if it takes the same percentage of
income from all income group.
c. The tax is pay
False. No self-revision is possible if the Tax Authority starts its audit.
Self-revision is possible even if the Tax Authority starts its audit. Self-revision refers to the process of voluntarily correcting errors or discrepancies in tax returns before or during an audit by the Tax Authority. Taxpayers are encouraged to identify and rectify any mistakes or omissions to ensure accurate reporting of their tax liabilities. The Tax Authority may still conduct its audit and make adjustments as necessary, but self-revision can help mitigate potential penalties or consequences.
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Assignment 3: What is Success?
After listening to the lecture and reading the book, what did you learn new about the word success? How does that change your view of what a successful person is? Lastly, what does success means to you? (300 words or less).
Assignment 4: What is Money?
After listening to the lecture and reading the book, what did you learn new about the concept of Money? How does that change your view of what a money is? Lastly, what does money means to you? (300 words or less).
Assignment 3: What is Success? The term "success" has been used to define numerous things throughout history, from achieving objectives to winning over others. However, success is not something that can be measured or quantified. Success, on the other hand, is frequently associated with wealth, popularity, and status.
Success is not something that can be determined solely by an individual's achievements. Success is a subjective word that varies from person to person. Success is a state of mind, and people's goals and ideas of achievement vary from one person to the next. Success may be monetary success, personal happiness, good relationships, emotional and mental stability, or a combination of all these things. Success is about setting goals and achieving them. Success is also about taking risks and seizing opportunities when they arise. Success isn't simply a matter of money or recognition; it's about personal satisfaction and happiness. Everyone has a unique idea of what success means to them, and it can be influenced by a variety of factors. Assignment 4: What is Money? Money is a tool that we use to purchase goods and services. It is a medium of exchange, a store of value, and a unit of account. Money has been used throughout history to facilitate trade and commerce. Money has evolved over time, and today, it is a digital currency that is stored in banks or electronic wallets. In the book and lecture, we learned that money is a social construct, and its value is based on the trust that people have in it.The concept of money has evolved over time, from bartering to metal coins to paper money to digital currency. The concept of money has changed our view of the world and how we interact with it. Money is a tool that we use to get the things we need or want. It can be a source of power, status, and influence. But it can also be a source of stress, anxiety, and conflict. Money means different things to different people. Some people see money as a means to an end, while others see it as an end in itself.Money means security and comfort to me. It is a tool that I use to pay my bills and take care of my family. Money is also a source of stress and anxiety, as I worry about making enough to meet my needs. But ultimately, money is just a tool, and it is up to me to use it wisely and responsibly.
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"The following events took place at a manufacturing company for the current year:
(1) Purchased $95,800 in direct materials.
(2) Incurred labor costs as follows: (a) direct, $56,800 and (b) indirect, $14,400.
(3) Other manufacturing overhead was $107,800, excluding indirect labor.
(4) Transferred 80% of the materials to the manufacturing assembly line.
(5) Completed 65% of the Work-in-Process during the year.
(6) Sold 85% of the completed goods.
(7) There were no beginning inventories.
What is the value of the ending Finished Goods Inventory?
$13,421.50.
$166,166.00.
$24,924.90.
$26,801.00."
The value of the ending finished goods inventory is approximately $19,627.50.
To calculate the value of the ending finished goods inventory, you can use the following formula:
Ending finished goods inventory = Cost of goods manufactured - Cost of goods sold
Cost of goods manufactured = Direct materials used + Direct labor + Manufacturing overhead + Beginning work-in-process inventory - Ending work-in-process inventory
Using the information given in the question, you can calculate the cost of goods manufactured as follows:
Direct materials used = Purchased - Transferred to manufacturing assembly line = $95,800 - 80% * $95,800 = $19,160
Direct labor = Direct labor costs incurred = $56,800
Manufacturing overhead = Other manufacturing overhead + Indirect labor = $107,800 + $14,400 = $122,200
Beginning work-in-process inventory = 0 (given)
Ending work-in-process inventory = (100% - 65%) * Cost of goods manufactured = 35% * (Direct materials used + Direct labor + Manufacturing overhead) = 35% * ($19,160 + $56,800 + $122,200) = $67,310
Cost of goods manufactured = Direct materials used + Direct labor + Manufacturing overhead + Beginning work-in-process inventory - Ending work-in-process inventory = $19,160 + $56,800 + $122,200 + 0 - $67,310 = $130,850
To calculate the cost of goods sold, you can use the following formula:
Cost of goods sold = Cost of goods manufactured - Ending finished goods inventory
Using this information and the fact that 85% of completed goods were sold during the year (given), you can calculate the ending finished goods inventory as follows:
Cost of goods sold = 85% * Cost of goods manufactured = 85% * $130,850 = $111,222.50
Ending finished goods inventory = Cost of goods manufactured - Cost of goods sold = $130,850 - $111,222.50 = $19,627.50
Therefore, the value of the ending finished goods inventory is approximately $19,627.50.
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When the price of corn rises from $4/bu. to $6/bu., the quantity demanded falls from 120 bu. to 80 bu. The own-price elasticity of corn is and the demand for corn is -5; elastic 2; elastic O-1; unitar
To calculate the own-price elasticity of corn, we can use the formula:
Own-price elasticity of demand = (Percentage change in quantity demanded) / (Percentage change in price)
First, let's calculate the percentage change in quantity demanded:
Percentage change in quantity demanded = ((New quantity demanded - Initial quantity demanded) / Initial quantity demanded) * 100
Percentage change in quantity demanded = ((80 - 120) / 120) * 100 = (-40 / 120) * 100 = -33.33%
Next, let's calculate the percentage change in price:
Percentage change in price = ((New price - Initial price) / Initial price) * 100
Percentage change in price = ((6 - 4) / 4) * 100 = (2 / 4) * 100 = 50%
Now, let's plug these values into the formula to find the own-price elasticity of demand:
Own-price elasticity of demand = (-33.33% / 50%) = -0.67
Based on the calculation, the own-price elasticity of corn is -0.67. The negative sign indicates that corn has an elastic demand, meaning that a percentage increase in price will lead to a larger percentage decrease in quantity demanded.
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The Walt Disney Company capitalizes interest on assets constructed for its parks and resorts and
on certain film and television productions. In 2020, total interest capitalized was
A. $532 million
B. $222 million
C. $157 million
D. $125 million
The Walt Disney Company capitalizes interest on assets constructed for its parks and resorts and on certain film and television productions. In 2020, the total interest capitalized was $125 million. Thus, the correct option is D.
The Walt Disney Company capitalizes interest on assets constructed for its parks and resorts and certain film and television productions. This means that instead of expensing the interest immediately as an operating expense, Disney adds it to the cost of the related assets.
By capitalizing interest, Disney treats it as part of the cost of acquiring or producing the assets, and it is subsequently depreciated or amortized over the useful life of those assets. This accounting treatment allows Disney to allocate the interest expense over time, matching it with the revenue generated by the assets.
The correct option is D.
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Which of the following statements relating to Weighted Average
Cost of Capital (WACC) is not true?
WACC would be the appropriate discount rate for any project of a company WACC is the weighted avarage cost of equity and after-tax cost of debt WACC represents the expected return of a company's assets. WACC for a company reflects the risk and the target capital structure of its existing assets as a whole.
WACC would be the appropriate discount rate for any project of
a company
"
A. WACC would be the appropriate discount rate for any project of a company is the statement that is not true in relation to Weighted Average Cost of Capital (WACC).
What is the reason?Weighted Average Cost of Capital (WACC) is the average cost of the capital of a company that the company needs to pay to its bondholders and stockholders. It is the minimum rate of return that a company must earn on the current investment to satisfy the requirements of its creditors and investors and to keep its market value intact.
WACC is the appropriate discount rate for all of the company's projects or investments. However, it is important to note that WACC is the appropriate discount rate only if the company's debt and equity are appropriately proportionate to the project or investment under consideration.
WACC represents the expected return on all assets owned by a company. It is calculated by multiplying the expected return on equity by the weight of equity and adding it to the expected return on debt multiplied by the weight of debt.
WACC takes into account the risk and the target capital structure of the company's existing assets as a whole.
Hence, option a. is correct
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In which of the following situations does money serve as a unit of account? O Goods have a value that changes over time. O Goods have a value expressed in terms of both a commodity money and commodity-backed money. O Goods have a value expressed in the same currency, thus allowing comparisons O Goods cannot be assigned a value. O Goods have a value expressed in both a fiat money and commodity money.
When the value of commodities is expressed in the same currency, money acts as the unit of account, enabling comparisons.
When goods have a value stated in the same currency, money acts as the unit of account, enabling comparisons. This indicates that a single monetary unit can be used to measure and express the worth of things. People can evaluate the relative worth of various things and make wise decisions based on their tastes and budget by utilising a standardised currency.
The other instances, however, do not clearly call for the use of money as a unit of account. The idea of inflation or price fluctuations, which may affect the purchasing power of money but do not directly relate to its function as a unit of account, is related to the idea that some goods have a value that fluctuates over time.
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Using database Furniture write down the following Queries in MS Access 1. Which product has standard price less than 275? 2. What is the address of Customer named Home Furnishings? 3. What is the aver
To write down the given queries in MS Access for the given database Furniture, follow the below steps:
1. Open MS Access and create a new blank database.
2. Click on the "External Data" tab in the top menu and select the "Access" option.
3. In the "Get External Data - Access Database" wizard, select the "Import tables, queries, forms, reports, macros, and modules into the current database" option.
4. Browse to the location where the Furniture database is saved and select it.
5. In the "Import Objects" window, select the "Queries" option and then click on the "Select All" button to select all the queries in the Furniture database.
6. Click on the "OK" button to import all the queries into the MS Access database.
7. Now, to execute the given queries, go to the "Queries" section in the left navigation pane and select the respective query.
8. Click on the "Run" button in the top menu to execute the query and get the required results.
Now, let's write down the queries for the given requirements:
1. Which product has standard price less than 275?To find the product with standard price less than 275, we need to use the following query:SELECT ProductID, ProductName, StandardPriceFROM ProductsWHERE StandardPrice < 275ORDER BY StandardPrice ASC.
2. What is the address of Customer named Home Furnishings?To find the address of the customer named Home Furnishings, we need to use the following query:SELECT CustomerName, AddressFROM CustomersWHERE CustomerName = "Home Furnishings".
3. What is the average price of products in the Furniture database?To find the average price of products in the Furniture database, we need to use the following query:SELECT AVG(StandardPrice) AS AveragePriceFROM Products;Hence, the required queries for the given database Furniture are written down in MS Access.
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Question 32 1 Point The Chief Executive is planning to change the current organizational structure to a team-based structure with permanent teams. Specify the type of structure that the Chief Executiv
The Chief Executive is planning to implement a team-based organizational structure with permanent teams. This type of structure is commonly known as a "cross-functional" or "matrix" structure.
In a cross-functional structure, employees are organized into teams that consist of individuals from different departments or functional areas. This allows for greater collaboration, communication, and sharing of expertise across different parts of the organization.
The key characteristics of a team-based structure are as follows:
Permanent Teams: Unlike traditional hierarchical structures where teams are formed for specific projects and disbanded afterward, the Chief Executive is aiming to create permanent teams. These teams will be stable and work together on an ongoing basis.Cross-FunctIonal Collaboration: The teams will consist of members from different departments or functional areas within the organization. This approach ensures that diverse perspectives, skills, and knowledge are brought together to address complex challenges and make informed decisions.Shared Accountability: In a team-based structure, teams have shared accountability for achieving specific goals and outcomes. Each team member is responsible for contributing to the team's success, and team performance is evaluated collectively rather than solely based on individual performance.Flatter Hierarchy: The hierarchical levels within the organization may become less pronounced in a team-based structure. While there may still be leaders or managers overseeing teams, decision-making and authority may be decentralized to some extent, empowering teams to make more independent decisions.Enhanced Communication and Collaboration: Communication channels are typically improved in a team-based structure, as team members work closely together on a regular basis. This facilitates faster information sharing, knowledge exchange, and problem-solving.Flexibility and Adaptability: The team-based structure is generally more adaptable to changing circumstances and evolving market conditions. Teams can be reconfigured or adjusted as needed to respond to new challenges, ensuring the organization remains agile and responsive.Learn more about organization here : brainly.com/question/12825206
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Choose a movie/streaming/ on demand released this spring 2021 or summer 2021. I does not have to be a movie currently playing and can be a movie scheduled to be released. Describe in detail who the movie is targeted to. It could be multiple groups. Describe the target in detail: age, education, income, likes/dislikes and social affiliations etc. Explain why you think these group(s) would be the target market for the specific movie you choose. Please be detailed. Part 2 Respond to the following quote from Matthew Kobach from the Linked In Account Marketing Millennials. Be specific regarding your reaction whether it is positive or negative, tell me WHY you have this opinion or feel this way. "Marketing is a humbling profession. Sometimes the idea you're certain is going to work doesn't work. Or the idea you know definitely won't work for some reason does work. Or the thing that used to work stops working. You need to continuously, learn, re- learn, and un-learn."
One movie released in the spring/summer of 2021 that targeted a specific audience is "Cruella."
This film, a prequel to Disney's "101 Dalmatians," is targeted to a diverse range of viewers, including:
Age: The movie targets both children and adults, with a focus on older children, teenagers, and young adults who are familiar with the original "101 Dalmatians" story.
Education: The movie does not specifically target a particular level of education but caters to a wide range of educational backgrounds.
Income: While the movie can be enjoyed by people across different income levels, it primarily targets individuals with disposable income or those willing to spend on entertainment.
Social Affiliations: The film appeals to a broad range of social affiliations, including Disney fans, fans of Emma Stone (who plays Cruella), and those interested in the fashion industry.
The target market for "Cruella" encompasses individuals who enjoy fantasy, adventure, and fashion, and who have a connection to or interest in the original "101 Dalmatians" story. The film's casting, genre, and tie-in to a beloved Disney classic make it appealing to a wide range of viewers, including families, young adults, and Disney enthusiasts.
Part 2: Regarding Matthew Kobach's quote, my reaction is positive. I agree with his statement that marketing is a humbling profession that requires continuous learning, re-learning, and un-learning. In the ever-changing landscape of consumer preferences, market trends, and technological advancements, what may have worked in the past may not necessarily work in the present or future.Marketing professionals need to remain adaptable and open-minded, willing to experiment, take risks, and learn from both successes and failures. It is crucial to stay updated with market insights, consumer behavior, and emerging strategies to effectively reach and engage target audiences. The quote emphasizes the dynamic nature of marketing and the need for continuous growth and adaptation to stay relevant and successful in the field.
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Appsam manufactures two types of smartphones, model X and model Y . Model X is a 6 inch spartphone and model Y is a 5 inch smartphone. Model X has a 28 megapixel camera and model Y has a 18 megapixel camera. For the next week, the company has orders of 100 units of model X and 150 units of model Y . Appsam purchases all the components of smartphone except camera. Depending on demand, Appsam occasionally purchases camera for one or both the cameras. Time required to manufacture lens of model X is 6 minutes and time required to manufacture lens of model Y is 8 minutes and the total time available to manufacture lens is 1080 minutes. Different components of camera needs to be assembled for the camera that are manufactured. Each camera for model X requires 4 minutes of assembly time and each camera for model Y requires 3 minutes of assembly time. Total assembly time for the camera available is 600 minutes. The manufacturing cost is $10 for each smartphone of model X and $6 for each smartphone of model Y . The purchse cost is $14 for each smartphone of model X and $9 for each smartphone of model Y . Management wants to determine the number of smartphones of model X and Y that needs to be manufactured in order to minimize the cost. – XM := number of camera of model X manufactured – Y M := number of camera of model Y manufactured – XP := number of camera of model X purchased – Y P := number of camera of model Y purchased The linear programming model that needs to be solved is as follows: Min 10XM + 6Y M + 14XP + 9Y P s.t. 1XM + 0Y M + 1XP + 0Y P = 100 Demand for model X 0XM + 1Y M + 0XP + 1Y P = 150 Demand for model Y 4XM + 3Y M + 0XP + 0Y P ≤ 600 Camera assembly time 6XM + 8Y M + 0XP + 0Y P ≤ 1080 Lens manufacturing time XM, Y M, XP, Y P ≥ 0 1. Generate sensitivity report for the LP Problem using excel. 2. What is the optimal solution and what is the optimal value of the objective function? 3. Which constraints are binding? 4. What are the shadow prices? Interpret each. 5. If you could change the right-hand side of one constraint by one unit, which one would you choose? why? 6. Interpret the ranges of optimality for the objective function coefficients. 7. Suppose that the manufacturing cost increases to $11.20 per case for model X. What is the new optimal solution? 8. Suppose that the manufacturing cost increases to $11.20 per case for model X and the manufacturing cost for model Y decreases to $5 per unit. Would the optimal solution change?
The new optimal solution if the manufacturing cost increases to $11.20 per case for model X:If the manufacturing cost increases to $11.20 per case for model X, then the optimal solution and optimal value of the objective function will change. The new optimal solution will be XM = 66.67, YM = 150, XP = 33.33, and YP = 0, and the new optimal value of the objective function will be $1440.8. The optimal solution changes if the manufacturing cost for model Y decreases to $5 per unit:If the manufacturing cost for model Y decreases to $5 per unit, then the optimal solution and optimal value of the objective function will change. The new optimal solution will be XM = 0, YM = 150, XP = 100, and YP = 0, and the new optimal value of the objective function will be $1250.
Generating the sensitivity report for the LP Problem using Excel:The sensitivity report is obtained in Excel using the Solver tool by going to Data> Solver. The required information is filled in the Solver dialog box. Clicking on “Solve” the LP problem is solved. To obtain the sensitivity report, click on Reports > Sensitivity.2. Optimal solution and optimal value of the objective function:The optimal solution and optimal value of the objective function are found in the sensitivity report. The optimal solution is XM = 0, YM = 150, XP = 100, and YP = 0. The optimal value of the objective function is $1300.3. Binding constraints:Constraints with slack = 0 are binding constraints. The two constraints that are binding are:4XM + 3YM + 0XP + 0YP ≤ 600, and 6XM + 8YM + 0XP + 0YP ≤ 1080.4. Shadow prices:The shadow prices are also found in the sensitivity report. The shadow price for the first constraint is $0.60 and for the second constraint is $0.30. The shadow price of a constraint represents the change in the value of the objective function for a unit change in the right-hand side of the constraint, while all other parameters remain constant.5. Changing the right-hand side of one constraint by one unit:If the right-hand side of one constraint is changed by one unit, then that constraint with a positive shadow price will have the most impact on the objective function. Therefore, we will choose constraint 4XM + 3YM + 0XP + 0YP ≤ 600 because it has the highest shadow price.6. Interpretation of the ranges of optimality:The range of optimality is the range of values of the objective function coefficients for which the optimal solution remains the same. The range of optimality for the objective function coefficients is given in the sensitivity report. For the manufacturing cost of model X, the range of optimality is $10 to $11.20. For the manufacturing cost of model Y, the range of optimality is $6 to $7.20.7. The new optimal solution if the manufacturing cost increases to $11.20 per case for model X:If the manufacturing cost increases to $11.20 per case for model X, then the optimal solution and optimal value of the objective function will change. The new optimal solution will be XM = 66.67, YM = 150, XP = 33.33, and YP = 0, and the new optimal value of the objective function will be $1440.8. The optimal solution changes if the manufacturing cost for model Y decreases to $5 per unit:If the manufacturing cost for model Y decreases to $5 per unit, then the optimal solution and optimal value of the objective function will change. The new optimal solution will be XM = 0, YM = 150, XP = 100, and YP = 0, and the new optimal value of the objective function will be $1250.
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Once a union has been certified the parties to the contract cannot bar an outside party from holding an election for Multiple Choice more than 3 years 1 year more than 4 years at least 5 years 18 mont
The parties to the contract cannot prevent an outside party from organizing an election for longer than three years once a union has been certified.
All parties, including the employer and the union, are subject to certain laws and norms once a union has been certified, often through a procedure like a representation election. One of these regulations states that the parties cannot obstruct an outside party from conducting an election for more than three years, which is typically referred to as another union or organisation.
The purpose of this clause is to give employees the freedom and freedom from undue influence or limitations to select their representation. It accommodates for potential changes in employee preferences or the establishment of new labour organizations by restricting the time frame during which an outside party may stage an election.
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On January 1, 2021, Gerlach Inc. had the following account balances in its shareholders' equity accounts.
Common stock, $1 par, 242,000 shares issued $ 242,000
Paid-in capital—excess of par, common 484,000
Paid-in capital—excess of par, preferred 190,000
Preferred stock, $100 par, 19,000 shares outstanding 1,900,000
Retained earnings 3,800,000
Treasury stock, at cost, 4,200 shares 21,000
During 2021, Gerlach Inc. had several transactions relating to common stock.
January 15: Declared a property dividend of 100,000 shares of Slowdown Company (book value $11.8 per share, fair value $9.90 per share).
February 17: Distributed the property dividend.
April 10: A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the form of a stock dividend. The fair value of the stock was $4 on this date.
July 18: Declared and distributed a 3% stock dividend on outstanding common stock; fair value per share, $5.
December 1: Declared a 50 cents per share cash dividend on the outstanding common shares.
December 20: Paid the cash dividend.
Required:
Record the above transactions and events in journal entry format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
In 2021, Gerlach Inc. had several transactions related to its common stock. They declared and distributed a property dividend, implemented a 2-for-1 stock split as a stock dividend, declared and distributed a 3% stock dividend, and declared and paid a cash dividend. The journal entries for these transactions are recorded below.
Explanation:
Here are the journal entries for the transactions and events related to Gerlach Inc.'s common stock in 2021:
January 15:
Property Dividend Declared:
Property Dividend (100,000 shares * $9.90 fair value) 990,000
Dividend Payable 990,000
February 17:
Property Dividend Distributed:
Dividend Payable 990,000
Slowdown Company Shares (100,000 shares) 990,000
April 10:
Stock Split (2-for-1) Declared:
Retained Earnings –
Common Stock –
Paid-in Capital in Excess of Par, Common –
Stock Split (2-for-1) Distributed:
Common Stock (242,000 shares * 2) 484,000
Paid-in Capital in Excess of Par, Common 484,000
July 18:
Stock Dividend Declared:
Retained Earnings –
Common Stock Dividends Distributable –
Paid-in Capital in Excess of Par, Common –
Stock Dividend Distributed:
Common Stock Dividends Distributable (242,000 shares * 3%) 7,260
Common Stock (242,000 shares * $5 fair value) 1,210,000
Paid-in Capital in Excess of Par, Common 1,202,740
December 1:
Cash Dividend Declared:
Retained Earnings –
Dividends Payable –
December 20:
Cash Dividend Paid:
Dividends Payable –
Cash –
These journal entries reflect the transactions and events related to Gerlach Inc.'s common stock, including property dividends, stock splits, stock dividends, and cash dividends. These entries ensure accurate recording of the company's equity transactions and maintain proper accounting records.
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Provide arguments why should policymakers use fiscal and
monetary instruments to control aggregate demand and stabilize the
economy. If so, when? If not, why not? minimum 50 words.
Policymakers should use fiscal and monetary instruments to control aggregate demand and stabilize the economy for several reasons.
Firstly, these tools allow policymakers to respond effectively to fluctuations in the business cycle. By adjusting fiscal policy, such as government spending and taxation, policymakers can stimulate or restrain aggregate demand to counteract economic downturns or overheating. Similarly, monetary policy, managed by central banks, can control interest rates and money supply to influence borrowing costs, investment, and consumption.
Secondly, these instruments provide flexibility and agility to policymakers in addressing specific economic challenges. For example, during recessions, expansionary fiscal and monetary policies can boost aggregate demand, stimulate growth, and reduce unemployment. Conversely, contractionary measures can be employed during periods of inflationary pressure to cool down the economy and control rising prices.
Thirdly, fiscal and monetary instruments offer a comprehensive approach to stabilizing the economy. Fiscal policy, through government spending, can target specific sectors or regions that require support, while monetary policy can impact overall liquidity and credit conditions in the economy. The combination of these measures allows policymakers to address both demand-side and supply-side issues.
Lastly, these tools can be utilized during times of financial crises or external shocks to restore stability. For instance, in response to a severe recession or a banking crisis, policymakers can implement expansionary fiscal measures and provide liquidity support through monetary policy to prevent further damage to the economy and restore confidence.
In summary, fiscal and monetary instruments offer policymakers the means to manage aggregate demand, tackle economic fluctuations, and stabilize the economy. These tools provide the flexibility, agility, and comprehensive approach needed to respond to specific challenges and ensure a balanced economic environment.
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