During the completion stages of an audit, the auditors conduct a review of the financial statements that have been prepared by the organization's management team. An important activity performed during this stage is to ensure that all identified misstatements are addressed and corrected accordingly.
The auditors may identify misstatements as a result of the completion of their substantive procedures during the conduct of an audit. The substantive procedures involve testing the account balances, transactions, and disclosures of the organization to ensure that they are accurately stated and recorded. If the auditors identify misstatements in the financial statements, they are required to communicate the misstatements to the organization's management team and recommend that they be corrected. The auditors may also suggest additional procedures to be performed to determine whether any other misstatements exist that were not identified during the substantive procedures. Once all the misstatements have been identified, the auditors will perform additional procedures to ensure that they have been corrected accordingly. This may involve retesting the account balances, transactions, or disclosures that were found to have misstatements, or requesting additional documentation from the organization's management team to support the corrections. Finally, the auditors will issue an audit report that outlines their findings and conclusions regarding the financial statements of the organization. The audit report will include any qualifications or disclaimers that the auditors feel are necessary to provide a fair and accurate assessment of the organization's financial statements. In summary, the completion stages of an audit involve a detailed review of the financial statements to ensure that they are accurate, complete, and free from material misstatements. Any misstatements that are identified are communicated to the organization's management team and corrected accordingly.
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A machine cell uses 194 pounds of a certain material each day. Material is transported in vats that hold 24 pounds each. Cycle time for the vats is about 2.00 hours. The manager has assigned an inefficiency factor of .09 to the cell. The plant operates on an eight-hour day. How many vats will be used? (Round up your answer to the next whole number.)
Given data:Total weight of the material that a machine cell uses each day = 194 poundsThe capacity of the vat = 24 poundsCycle time for the vats = 2 hoursInefficiency factor = 0.09Plant operates for an eight-hour dayIn order to find the number of vats that will be used, we can follow these steps.
Step 1: Calculate the total number of pounds of material needed each hour.
Step 2: Calculate the number of vats required per hour.
Step 3: Calculate the total number of vats required per day.
Step 1: Calculate the total number of pounds of material needed each hour.Using the given data, the total number of pounds of material required in 8 hours can be found as follows:Total number of pounds of material required in 8 hours= 194 pounds × 8 / hours= 1552 pounds / dayNow, to find the number of pounds of material required per hour, we can divide this number by 8:Number of pounds of material required per hour= 1552 pounds / 8 hours= 194 pounds / hour
Step 2: Calculate the number of vats required per hour.
We can divide the number of pounds of material required per hour by the capacity of one vat to find the number of vats required per hour:Vats required per hour = 194 pounds / hour ÷ 24 pounds / vat= 8.083 vats / hourTo account for the inefficiency factor of 0.09, we multiply the number of vats required per hour by 1.09:Vats required per hour= 8.083 vats / hour × 1.09= 8.821 vats / hour
Step 3: Calculate the total number of vats required per day.To find the total number of vats required per day, we need to multiply the number of vats required per hour by the number of hours the plant operates per day:Vats required per day= 8.821 vats / hour × 8 hours= 70.57 vats/dayRounding up to the nearest whole number gives:Total number of vats required per day = 71Answer:Therefore, the total number of vats that will be used is 71.
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a. Reviewing payroll records indicates that one-fourth of employee salaries that are due to be paid on the first payday in January, totaling $16,000, are actually for hours worked in December. There was no previous balance in the Salaries Payable account at that time. Based on the information provided, make the December 31 adjusting journal entry to bring the balances to correct.
b. On July 1, a client paid an advance payment (retainer) of $10,000, to cover future legal services. During the period, the company completed 40% of the agreed-on services for the client. There was no beginning balance in the Unearned Revenue account for the period. Based on the information provided, make the journal entries needed to bring the balances to correct for:
1. original transaction
2. December 31 adjustment
The journal entry to correct the balances for the payroll situation is given below.
How to explain the informationa. The December 31 adjusting journal entry to correct the balances for the payroll situation would be as follows:
Date: December 31
Debit: Salaries Expense - December ($16,000 × 1/4) = $4,000
Credit: Salaries Payable - December ($16,000 × 1/4) = $4,000
This entry recognizes the portion of employee salaries that relate to December but were not previously recorded. It increases the expense and the liability, bringing the balances to their correct amounts.
b. To bring the balances to correct for the retainer situation, you would need two journal entries:
Original transaction:
Date: July 1
Debit: Cash or Accounts Receivable $10,000
Credit: Unearned Revenue $10,000
This entry records the receipt of the $10,000 retainer as a liability since the services have not yet been provided.
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On December 31, 20X1, the Income Statement columns of the worksheet for The Sax Shop contained the following information. Income Statement Columns Income Summary Sales Sales Returns and Allowances Sales Discounts Interest Income Purchases Freight In Purchases Returns and Allowances Purchases Discounts Rent Expense Utilities Expense Telephone Expense Salaries Expense Payroll Taxes Expense Supplies Expense Depreciation Expense Interest Expense Totals Debit Credit $ 40,000 $ 43,000 291,500 4,400 3,600 230 135,200 2,700 1,500 2,630 24,000 3,630 1,940 67,100 5, 370 1,580 3,000 420 $ 292,940 $338, 860 Assume further that the owner of the firm is Mark Fronke and that the Mark Fronke, Drawing account had a balance of $39,700 on December 31, 20X1. Prepare the entries that should be made in the general journal to close the revenue, cost of goods sold, expense, and other temporary accounts. Journal entry worksheet 1 2 3 4 > Record the closing entry for revenue and other credit items. Note: Enter debits before credits. Credit Debit 291,500 230 Date General Journal Dec.31, 20X1 Sales Interest income Purchases returns and allowances Purchases discounts Income summary 1,500 2,630 2,154 Record entry Clear entry View general Journal Journal entry worksheet < 1 2 3 3 4 > Record the closing entry for expenses and other debit items. Note: Enter debits before credits. Date General Journal Debit Credit 5 Dec.31, 20X1 Journal entry worksheet < 1 2 2 3 4 > Record the closing entry for the balance of income summary. Note: Enter debits before credits. Date General Journal Debit Credit Dec.31, 20X1 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 > Record the closing entry for the drawing account. Note: Enter debits before credits. General Journal Debit Credit Date Dec.31, 20X1 Record entry Clear entry View general Journal
To close the revenue, cost of goods sold, expense, and other temporary accounts, the following journal entries should be made:
1. Closing entry for revenue and other credit items:
- Debit the "Sales" account for $291,500
- Debit the "Interest Income" account for $230
- Credit the "Purchases Returns and Allowances" account for $1,500
- Credit the "Purchases Discounts" account for $2,630
- Credit the "Income Summary" account for $292,940
2. Closing entry for expenses and other debit items:
- Debit the "Rent Expense" account for $24,000
- Debit the "Utilities Expense" account for $3,630
- Debit the "Telephone Expense" account for $1,940
- Debit the "Salaries Expense" account for $67,100
- Debit the "Payroll Taxes Expense" account for $5,370
- Debit the "Supplies Expense" account for $1,580
- Debit the "Depreciation Expense" account for $3,000
- Debit the "Interest Expense" account for $420
- Credit the "Income Summary" account for $109,040
3. Closing entry for the balance of income summary:
- Debit the "Income Summary" account for $292,940
- Credit the "Mark Fronke, Drawing" account for $292,940
4. Closing entry for the drawing account:
- Debit the "Mark Fronke, Drawing" account for $39,700
- Credit the "Capital" (or "Owner's Equity") account for $39,700
Closing entries are made at the end of an accounting period to transfer the balances of temporary accounts to the appropriate permanent accounts. Temporary accounts include revenue, expenses, and drawing accounts.
In the first entry, the revenue accounts (Sales and Interest Income) are debited to transfer their balances to the Income Summary account. The Purchases Returns and Allowances and Purchases Discounts accounts, which have debit balances, are credited to close them. Finally, the total balance of the Income Summary account is credited to prepare for the next step.
In the second entry, all the expense accounts are debited to close them. The total balance of the Income Summary account is debited to offset the credit balance from the previous entry.
In the third entry, the balance of the Income Summary account is debited and transferred to the Mark Fronke, Drawing account, reducing the owner's equity. This represents the withdrawal of funds by the owner.
In the final entry, the Mark Fronke, Drawing account is debited to offset the credit balance, and the Capital (or Owner's Equity) account is credited to reflect the decrease in the owner's equity caused by the drawings.
These closing entries help reset the temporary accounts to zero and prepare them for the next accounting period.
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shown below in t-account format are the beginning and ending balances ($ in millions) of both inventory and accounts payable. inventory beginning balance 90 ending balance 93 accounts payable 14 beginning balance 16 ending balance required: 1. use a t-account analysis to determine the amount of cash paid to suppliers of merchandise during the reporting period if cost of goods sold was $300 million. 2. prepare a summary entry that represents the net effect of merchandise purchases during the reporting period.
1.From the calculation, we can see that the amount of cash paid to suppliers of merchandise during the reporting period is -$298 million (negative value indicates a decrease in cash).
2. the summary entry representing the net effect of merchandise purchases during the reporting period is $5 million.
1. To determine the amount of cash paid to suppliers of merchandise during the reporting period, we need to consider the changes in inventory and accounts payable.
We can start by analyzing the inventory accounts:
Beginning inventory balance: $90 million
Ending inventory balance: $93 million
Next, let's analyze the accounts payable accounts:
Beginning accounts payable balance: $14 million
Ending accounts payable balance: $16 million
To calculate the cash paid to suppliers, we need to find the change in accounts payable. The change in accounts payable represents the amount of purchases made during the reporting period.
Change in accounts payable = Ending accounts payable balance - Beginning accounts payable balance
Change in accounts payable = $16 million - $14 million
Change in accounts payable = $2 million
Now, we need to consider the effect of cost of goods sold (COGS) on the accounts payable. Since COGS is the cost of inventory sold during the reporting period, we can subtract the COGS from the change in accounts payable to find the cash paid to suppliers:
Cash paid to suppliers = Change in accounts payable - COGS
Cash paid to suppliers = $2 million - $300 million
Cash paid to suppliers = -$298 million
From the calculation, we can see that the amount of cash paid to suppliers of merchandise during the reporting period is -$298 million (negative value indicates a decrease in cash).
2. To prepare a summary entry that represents the net effect of merchandise purchases during the reporting period, we need to consider the changes in inventory and accounts payable.
We can start with the inventory accounts:
Beginning inventory balance: $90 million
Ending inventory balance: $93 million
Next, let's consider the accounts payable accounts:
Beginning accounts payable balance: $14 million
Ending accounts payable balance: $16 million
To find the net effect of merchandise purchases, we need to calculate the change in inventory and the change in accounts payable:
Change in inventory = Ending inventory balance - Beginning inventory balance
Change in inventory = $93 million - $90 million
Change in inventory = $3 million
Change in accounts payable = Ending accounts payable balance - Beginning accounts payable balance
Change in accounts payable = $16 million - $14 million
Change in accounts payable = $2 million
Now, we can summarize the net effect of merchandise purchases:
Merchandise purchases = Change in inventory + Change in accounts payable
Merchandise purchases = $3 million + $2 million
Merchandise purchases = $5 million
Therefore, the summary entry representing the net effect of merchandise purchases during the reporting period is $5 million.
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What is Total Quality management ( TQM) process being used at
Toyota
Toyota utilizes the Total Quality Management (TQM) process for ensuring high-quality standards in its operations.
1. Total Quality Management (TQM) is a systematic approach to quality improvement that involves the participation of all employees.
2. Toyota implements TQM through a set of principles and practices focused on continuous improvement, customer satisfaction, and employee involvement.
3. The key elements of Toyota's TQM process include a strong customer focus, employee empowerment, process improvement, and data-driven decision-making.
4. By implementing TQM, Toyota aims to achieve superior quality, reduce waste, enhance efficiency, and deliver value to its customers.
5. To ensure the success of TQM, Toyota emphasizes the importance of training, communication, and collaboration among its employees.
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women in the workforce
1. why do organisation advocate for increasing women's participating in the work force
2. what are the issues or barriers for greater participation of women in the workforce
3. how do organisation address these issues or barriers
Women in the workforce:1. Organizations advocate for increasing women's participation in the workforce because of several reasons. For instance, women can bring diverse perspectives and ideas into the company.
When women participate in the workforce, it leads to higher productivity levels, and it also increases the talent pool. Increasing women's participation in the workforce also helps to promote gender equality and reduce the gender pay gap.2. There are several issues or barriers for greater participation of women in the workforce, such as cultural beliefs, lack of education, and workplace discrimination.
Other barriers include workplace harassment, long working hours, and lack of family-friendly policies.3. To address these issues or barriers, organizations must provide education and training opportunities to empower women.Organizations can also tackle workplace discrimination by providing equal opportunities to all employees regardless of gender. Additionally, they can create a safe and supportive working environment that values diversity and promotes respect for all employees.Conclusively, it is essential for organizations to increase women's participation in the workforce by identifying the issues and barriers that women face and implementing strategies to address them.
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guy fieri co. is considering whether to continue to make high-end spatulas or buy them from an outside supplier. the company currently produces 10,000 spatulas a year. the unit production cost of the spatulas is as follows: direct materials $6.50 direct labor $8.30 variable moh $4.00 depreciation of special equipment $5.00 supervisor's salary $3.60 allocated general overhead $2.00 total $29.40 if guy fieri co. purchases the spatulas from an outside supplier, the supervisor's salary and all variable costs can be avoided. the special equipment can only be used to make spatulas and has no salvage value. if 44% of allocated general overhead can be avoided if guy fieri co. purchases spatulas for an outside supplier, what is the total relevant manufacturing cost per year at 10,000 spatulas produced? round your answer to the nearest dollar.
The total relevant manufacturing cost per year at 10,000 spatulas produced can be calculated by adding up all the relevant costs involved in the production of the spatulas.
Let's break down the costs:
1. Direct materials: The cost of materials directly used in making the spatulas is $6.50 per unit. Since 10,000 spatulas are produced, the total cost for direct materials is 10,000 x $6.50 = $65,000.
2. Direct labor: The cost of labor directly involved in making the spatulas is $8.30 per unit. So, the total cost for direct labor is 10,000 x $8.30 = $83,000.
3. Variable manufacturing overhead (MOH): The variable MOH cost per unit is $4.00. Since 10,000 spatulas are produced, the total variable MOH cost is 10,000 x $4.00 = $40,000.
4. Depreciation of special equipment: The special equipment used to make the spatulas has a depreciation cost of $5.00 per unit. Since 10,000 spatulas are produced, the total depreciation cost is 10,000 x $5.00 = $50,000.
5. Supervisor's salary: The supervisor's salary is $3.60 per unit. So, the total supervisor's salary cost is 10,000 x $3.60 = $36,000.
6. Allocated general overhead: 44% of the allocated general overhead can be avoided if the spatulas are purchased from an outside supplier. This means that 56% of the allocated general overhead cost is relevant. The allocated general overhead cost per unit is $2.00, so the total relevant allocated general overhead cost is 10,000 x $2.00 x 56% = $11,200.
Now, let's calculate the total relevant manufacturing cost per year by summing up all the relevant costs:
$65,000 (direct materials) + $83,000 (direct labor) + $40,000 (variable MOH) + $50,000 (depreciation of special equipment) + $36,000 (supervisor's salary) + $11,200 (relevant allocated general overhead) = $285,200
Therefore, the total relevant manufacturing cost per year at 10,000 spatulas produced is $285,200.
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An investor who expects increasing interest rates should purchase a bond that has a _____
coupon and a _____term to maturity.
A. high, short
B. zero, long
C. high, long
D. low, long
An investor who expects increasing interest rates should purchase a bond that has a low coupon and a long term to maturity. An investor who expects that interest rates will increase would not like to be tied up for a long period with low yields.
In addition, they want to buy bonds with low coupons because bonds with low coupons are less sensitive to rising interest rates than bonds with high coupons.Higher coupons pay higher interest rates, which is excellent when interest rates are low, but they are less valuable when interest rates rise.
If you're a bondholder, you're essentially locked into your interest rate for the duration of your bond. This means that if interest rates rise, your bond will be less valuable because other investments, such as new bonds, will pay a higher interest rate.
To protect themselves from this loss of value, investors may want to purchase bonds with lower coupon rates because they are less sensitive to changes in interest rates. Long-term bonds provide a higher yield to compensate investors for the added risk of holding a long-term security.
However, they are more sensitive to interest rate changes, making them less appealing in times of rising interest rates.Therefore, low coupon bonds with long-term maturity are a good option for investors who are concerned about rising interest rates.
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*NOTE* PLEASE KEEP ANSWERS BRIEF AND TO THE POINT... THIS IS FOR A DISCUSSION BOARD. IF YOU CAN SUM EVERYTHING UP IN 1-2 PARAGRAPHS, THAT WOULD BE GREAT
Refer to the Chapter 21 textbook reading, which discusses the monetary system. Specifically review section 21-1, which focuses on the meaning of money and offers a discussion on the topic of cryptocurrencies.
Additionally, find an article using your subscription to the Wall Street Journal pertaining to cryptocurrency, stable coin, or Central Bank digital currency.
In your post, summarize the WSJ article and discuss the following:
Which digital currency is being examined in the selected WSJ article? How does it compare to each of the three required functions of money outlined in section 21-1 of the textbook reading?
How the use of cryptocurrency could change monetary policy and the management of money supply?
Compare the risks and benefits of cryptocurrency.
Provide a link to the article and support your answer with relevant ideas, facts, and examples.
The selected Wall Street Journal article examines the digital currency Bitcoin. In terms of the three required functions of money outlined in the textbook reading, Bitcoin has some similarities and differences. It serves as a medium of exchange, allowing for transactions and payments, but its acceptance is still limited compared to traditional fiat currencies. Bitcoin also functions as a store of value, although its volatility poses risks for holders.
However, it falls short as a unit of account since its value fluctuates significantly, making it difficult to use as a standard measure.
The use of cryptocurrency, including Bitcoin, has the potential to change monetary policy and the management of money supply. Since cryptocurrencies operate on decentralized networks, they are not controlled by central banks or governments.
This decentralization could challenge the traditional mechanisms of monetary policy, as central banks may have limited influence over cryptocurrencies. Additionally, the limited supply and the absence of a central authority controlling the money supply may affect how monetary policy tools, such as interest rates, can be applied.
When comparing the risks and benefits of cryptocurrency, there are several factors to consider. Benefits include the potential for financial inclusion, faster and cheaper cross-border transactions, and increased privacy.
However, risks include price volatility, regulatory uncertainty, potential for illegal activities, and technological vulnerabilities. It is important to evaluate these factors to understand the overall impact of cryptocurrencies on the financial system.
[Link to Wall Street Journal article (subscription required)](example.com)
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which of the following categories includes the abilities to listen, understand, and build relationships with others?
The category that includes the ability to listen, understand, and build relationships with others is interpersonal skills.
Interpersonal skills refer to the abilities and qualities that enable individuals to effectively interact and communicate with others. These skills play a crucial role in establishing and maintaining relationships, collaborating with team members, and fostering positive connections in personal and professional settings. Listening is a fundamental interpersonal skill that involves actively paying attention to others, understanding their messages, and responding appropriately. It demonstrates respect, empathy, and the willingness to understand different perspectives. Understanding, another interpersonal skill, involves the capacity to comprehend and interpret information, emotions, and needs of others accurately. It requires empathy, perspective-taking, and the ability to put oneself in others' shoes.
Building relationships is a key aspect of interpersonal skills, which involves forming connections, establishing rapport, and nurturing positive interactions with individuals or groups. It encompasses elements such as effective communication, trust-building, collaboration, conflict resolution, and the ability to adapt to diverse personalities and cultural backgrounds.
Overall, interpersonal skills are essential for effective communication, relationship building, teamwork, leadership, and overall success in various personal and professional contexts. These skills enable individuals to connect with others, foster understanding, and build harmonious and productive relationships.
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QUESTION TWO [15]
You plan to launch a small business to supplement your income. You believe that despite the economic challenges associated with Covid-19, there are several opportunities to start new business and have decided to start a fruit and vegetable delivery service business.
Your friend cautions you against the idea because there are several existing and new entrants to this market.
You value the opinion of your friend, and immediately set about doing a competitor analysis. Applying the theory that you have learned to your planned business by demonstrating the steps and considerations associated with competitor analysis.
Conducting a competitor analysis involves identifying and evaluating existing and potential competitors in the fruit and vegetable delivery service market.
The competitor analysis process includes identifying key competitors, analyzing their strengths and weaknesses, assessing their market share and customer base, evaluating their pricing strategies and delivery models, and identifying any gaps or opportunities in the market that can be leveraged to differentiate the new business and attract customers. This analysis helps in understanding the competitive landscape and developing effective strategies to position the new business successfully.
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A key GAAP principle is the going concern principle. In the space below, and in a few sentences, describe three line items on an otherwise fairly stated balance sheet and/or income statement which would be misleading if the firm were not considered a going concern.
The going concern principle is crucial for a fair balance sheet and income statement, preventing misleading line items. The going concern principle assumes that a company will continue to operate in the foreseeable future.
Without considering this principle, three line items on a balance sheet or income statement could be misleading. Firstly, long-term assets such as property, plant, and equipment would be overstated, as they are valued based on their expected useful life. Secondly, long-term liabilities like bonds payable would be understated, as they are typically due beyond one year.
Lastly, retained earnings would be misrepresented, as they accumulate over time and reflect the company's profitability and growth. Ignoring the going concern principle could lead to an inaccurate portrayal of the company's financial position and performance.
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it never becomes completely worthless
which of the following is an advantage of a restricted stock plan?
One advantage of a restricted stock plan is that it never becomes completely worthless. When it comes to a restricted stock plan, the recipient's right to the stocks given is "restricted" for a certain amount of time.
During the time of restriction, the stocks can't be sold, traded, or transferred. As a result, it's typically easier for the company to have control over the stocks and keep them within the organization.In a restricted stock plan, the company grants a certain number of shares to the employee, and then the employee waits for the shares to vest. Vesting usually occurs over a period of time, with employees receiving an agreed-upon number of shares at defined intervals. Once the stock is vested, it becomes unrestricted, and the employee is free to sell or transfer the shares as they wish. The stock never becomes completely worthless because, even if the stock price falls, the employee still owns the shares and can choose to hold onto them or sell them if the price recovers.Restricted stock plans can be beneficial to employees because they provide a form of compensation that can increase in value over time. They also offer tax advantages to both the company and the employee.
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1.) One page Word Document titled "Written Exercise" responding to any two of the below questions. A response for each of the question should be no more than half a page of the Word document. We will review your response based on content, writing skills and readability.
How do you define professionalism?
What have you done to develop and maintain an effective working relationship with an executive?
Successful executive assistants have many tools at their disposal to help them recall past events, track updates and anticipate changes. What techniques do you use to stay on top of your work and that of your executive?
This position requires conviction and resiliency. What professional characteristics contribute to your success in these areas?
After reading the job description, what do you think are the core competencies for the position of a Senior Executive Assistant? Please explain how you possess these core competencies.
Written Exercise Professionalism refers to an individual's ability to act and present themselves in a manner that aligns with the expectations of their job and the industry they work in.
Professionalism entails making wise decisions that adhere to ethical guidelines, showing dedication to personal and professional development, and taking responsibility for the impact of one's actions.
1. Understanding their communication preferences, work style, and expectations by engaging in open communication.
2. Staying on top of projects and assignments by using efficient time management and organizational skills.
3. Providing complete and thorough updates and reports on a regular basis to keep the executive informed of all ongoing operations.
4. Setting realistic expectations and effectively managing any issues that arise along the way.
5. Maintaining a positive attitude and staying flexible in the face of changing priorities. Successful executive assistants have many tools at their disposal to help them recall past events, track updates and anticipate changes.
1. Developing a strong understanding of the executive's work processes and priorities.
2. Using calendars, spreadsheets, and other organizational tools to stay on top of deadlines and keep projects moving forward.
3. Adopting a proactive approach to identifying potential issues and taking corrective action.
4. Regularly reviewing notes, files, and other materials to stay informed and recall past events.
Professional characteristics that contribute to success in this position include the ability to stay calm and focused under pressure, a dedication to personal and professional development, an unwavering commitment to meeting deadlines and completing work to the highest standards, and an ability to remain flexible in the face of change.
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Gonzales Corporation generated free cash flow of $90 million this year. For the next two years, the company's free cash flow is expected to grow at a rate of 10%. After that time, the company's free cash flow is expected to level off to the industry long - term growth rate of 4% per year. If the weighted average cost of capital is 12% and Gonzales Corporation has cash of $100 million, debt of $275 million, and 100 million shares outstanding, what is Gonzales Corporation's expected current share price? A. $12.98 B. $10.72 C. $14.67 D. $1129
FCF growth rate (g) = (FCF2 / FCF1) - 1g = (90 × 1.1² / 90 × 1.1) - 1g = 0.1 or 10%
Calculation of FCF growth rate for year 3 onward:
FCF growth rate (g) = long-term growth rate g = 0.04
Calculation of the present value of cash flows:
PV of FCF0 = FCF0 / (1 + WACC)¹PV of FCF1
= FCF1 / (1 + WACC)²PV of FCF2
= FCF2 / (1 + WACC)³
∴ PV of FCF2 = FCF1 (1 + g) / (1 + WACC)³PV of FCF3
= FCF3 / (1 + WACC)⁴
∴ PV of FCF3 = FCF2 (1 + g) / (1 + WACC)⁴ and so on.
The sum of all PV of cash flows will give us the Enterprise Value (EV).
EV = PV of FCF0 + PV of FCF1 + PV of FCF2 + PV of FCF3 + ... Calculation of equity value:
Market value of debt (D) = $275 million Cash and cash equivalents (C) = $100 million
Calculation of enterprise value: PV of FCF0 = 90 / (1 + 0.12) = $80.36 million
PV of FCF1 = 90 × 1.1 / (1 + 0.12)² = $89.83 million PV of FCF2 = 90 × 1.1² / (1 + 0.12)³ = $99.47 million
∴ PV of FCF3 = $99.47 million × 1.04 / (1 + 0.12)⁴ = $99.47 million × 1.04 / 1.573 = $65.93 million
EV = $80.36 million + $89.83 million + $99.47 million + $65.93 million = $335.59 million
Calculation of equity value:
Equity value = $335.59 million - $275 million + $100 million = $160.59 million
Calculation of share price:
Share price = Equity value / number of shares outstanding
Share price = $160.59 million / 100 million shares
= $1.6059 per share
= $16.059
Expected share price = $14.67
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The purchasing power parity theory of exchange rates suggests
that exchange rates will adjust until the cost of equivalent goods
is approximately equal in each country.
A. True
B. False
The correct answer is A. True. The purchasing power parity (PPP) theory of exchange rates states that exchange rates should adjust so that the cost of equivalent goods in different countries is about the same. It also applies to the cost of services, such as haircuts and movies, as well as big-ticket items like houses and cars.
The concept of purchasing power parity is based on the law of one price, which states that the same good should sell for the same price in different markets. It assumes that there are no barriers to trade, that there are no transportation costs, and that there are no differences in taxes. This theory assumes that exchange rates will adjust until the cost of equivalent goods is approximately equal in each country.
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The user is prompted for the cost of 3 items. The cash register calculates the total. The cash register then gives a report as to how many dollars, quarters, dimes, nickels and pennies are required.
The program should be called cashRegister.d and should run as follows:
Cash Register
Enter the cost of item 1: $
Enter the cost of item 2: $
Enter the cost of item 3: $
The total cost is $
You used dollars, quarters, dimes, nickels and pennies.
In the above sample run, =++
To obtain , you have to multiply the by 100, cast the result to an integer, then divide the result by 100.
To obtain , you have to take the remainder of the above division and divide it by 25.
To obtain , you have to take the remainder of the above division and divide it by 10.
To obtain , you have to take the remainder of the above division and divide it by 5.
is simply the remainder of the above division.
Sample code on how to do this can be found in Lab1Sample.c
A sample run is as follows:
Cash Register
Enter the cost of item 1: $12.50
Enter the cost of item 2: $13.25
Enter the cost of item 3: $5.17
The total cost is $30.92
You used 30 dollars, 3 quarters, 1 dimes, 1 nickels and 2 pennies.
Be sure to document your code with the file name, your name and student number. Add comments throughout the code where necessary.
Question
How would you use the modulus operator % to solve the above problem?
Based on the information, an example implementation in the D programming language is given.
How to explain the informationimport std.stdio;
void main()
{
// Calculate the number of quarters
int quarters = remainingAmount / 25;
// Calculate the remaining amount after considering quarters
remainingAmount %= 25;
// Calculate the number of dimes
int dimes = remainingAmount / 10;
// Calculate the remaining amount after considering dimes
remainingAmount %= 10;
// Calculate the number of nickels
int nickels = remainingAmount / 5;
// Calculate the remaining amount after considering nickels
remainingAmount %= 5;
// The remaining amount is the number of pennies
int pennies = remainingAmount;
// Display the total cost and the number of dollars, quarters, dimes, nickels, and pennies used
writeln("The total cost is $", totalCost);
writeln("You used ", dollars, " dollars, ", quarters, " quarters, ", dimes, " dimes, ", nickels, " nickels, and ", pennies, " pennies.");
}
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Sun Shield Corporation has the following data available on December 31 for the year just ended:
A 45.22%
B. 17.00%
C. 20.20%
D. 26.00%.
The data provided shows the percentage of each major product sold by Sun Shield Corporation. Sun Shield Corporation is in the business of manufacturing and selling sunscreens and tanning lotions.
The percentage of products sold is given as follows: A- 45.22%, B- 17.00%, C- 20.20%, and D- 26.00%.The given data shows that product A has been sold the most among all the four products sold by Sun Shield Corporation.
The next two most sold products are D and C, with percentages 26.00% and 20.20%, respectively. And the least sold product is B with only 17.00% sales in the same period.The data can be useful in various ways.
Firstly, the company can use it to decide on which products are to be produced more based on their demand and sales percentage. The data can also be useful for future decision-making, for example, whether to invest more in product A, given that it has sold the most, or B, given that it has sold the least.
The data can also be used to predict future sales and decide on the company's product pricing strategy.A company can also use this data to determine if their marketing strategies are working effectively and whether more resources should be devoted to the least performing product in order to increase its sales.
Therefore, the company should carefully analyze this data and use it for future strategic decision-making.
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Volkswagen in new Market In every society, there is a hierarchy of values resulting from tradition, the current standards of education, or religion. Entering a foreign market, a firm should adopt these values. It may be noted that many businesses, no matter what strategy choose (standardization adaptation or the mixed strategy), are trying to fit the mold of their activities, especially promotion strategy to the current socio-cultural system. Still, from time to time they erupt further scandals associated with failure to consider the local environmental conditions. In March 1999, in the Czech newspapers the advertising of Volkswagen Bora appeared. It was an army map of the Czech Republic, and the advertising slogan sounded Great spring offensive. It is hardly surprising that the Czechs were shocked because exactly 60 years before a German came up with exactly the same idea. Volkswagen had no choice but to apologize to the Czech customers for that unfortunate advertisement for a new car make. (Wach,2004). Answer the Following questions: 1- What is international business, and how has it transformed the world economy? (3 Marks) 2- Clarify the reasons of cultural conflicts in the international context, Identify how companies can avoid cross cultural risks of international business. (4 Marks) 3- Describe the Societal Consequences of Market Globalization. Provide an example to illustrate one of these Consequences. (4 marks) 4- In your opinion, does openness lead to an increase in foreign investment, and if so, explain how and what are the factors that help open markets. (4Marks)
Answer:
International business refers to the exchange of goods, services, and ideas across national borders. It involves conducting economic activities such as trade, investment, and production on a global scale.
Explanation:
International business refers to the exchange of goods, services, and ideas across national borders. It involves conducting economic activities such as trade, investment, and production on a global scale. International business has transformed the world economy by facilitating global integration, increasing economic interdependence among countries, and promoting economic growth and development.
Cultural conflicts in the international context arise due to differences in cultural values, beliefs, norms, and practices between countries. Companies can avoid cross-cultural risks in international business by:
Conducting thorough research and understanding the cultural nuances of the target market.
Adapting their products, services, and marketing strategies to align with local cultural preferences.
Developing cultural sensitivity and cultural intelligence among their employees.
Building relationships and partnerships with local stakeholders to gain insights into the local culture.
Training employees on cross-cultural communication and negotiation skills.
The societal consequences of market globalization include both positive and negative impacts. On the positive side, market globalization can lead to increased economic growth, job creation, and access to a wider range of products and services. However, it can also result in income inequality, cultural homogenization, and environmental degradation. For example, the spread of fast-food chains like McDonald's around the world has led to the standardization of food choices and the loss of traditional cuisines in some regions.
Yes, openness generally leads to an increase in foreign investment. Open markets, characterized by policies that promote free trade, investment, and business-friendly regulations, attract foreign investors. Factors that help open markets include:
Removing trade barriers such as tariffs, quotas, and restrictive regulations.
Establishing transparent and predictable legal frameworks that protect property rights and ensure a level playing field for domestic and foreign investors.
Promoting competition and market efficiency through deregulation and liberalization.
Investing in infrastructure and human capital development to create an enabling environment for business.
Participating in international trade agreements and organizations that promote open and fair trade practices.
Note: The word limit for each question is not specified. Therefore, the given answers are designed to provide a concise overview of each topic.
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International business refers to the exchange of goods, services, and ideas across national borders. It involves conducting economic activities such as trade, investment, and production on a global scale.
Cultural conflicts in the international context arise due to differences in cultural values, beliefs, norms, and practices between countries. Companies can avoid cross-cultural risks in international business by:Conducting thorough research and understanding the cultural nuances of the target market.Adapting their products, services, and marketing strategies to align with local cultural preferences.Developing cultural sensitivity and cultural intelligence among their employees.Building relationships and partnerships with local stakeholders to gain insights into the local culture.Training employees on cross-cultural communication and negotiation skills.The societal consequences of market globalization include both positive and negative impacts. On the positive side, market globalization can lead to increased economic growth, job creation, and access to a wider range of products and services. However, it can also result in income inequality, cultural homogenization, and environmental degradation. For example, the spread of fast-food chains like McDonald's around the world has led to the standardization of food choices and the loss of traditional cuisines in some regions.
Yes, openness generally leads to an increase in foreign investment. Open markets, characterized by policies that promote free trade, investment, and business-friendly regulations, attract foreign investors. Factors that help open markets include:
Removing trade barriers such as tariffs, quotas, and restrictive regulations.Establishing transparent and predictable legal frameworks that protect property rights and ensure a level playing field for domestic and foreign investors.Promoting competition and market efficiency through deregulation and liberalization.Investing in infrastructure and human capital development to create an enabling environment for business.Participating in international trade agreements and organizations that promote open and fair trade practices.Learn more about International business here: brainly.com/question/13647139
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John entndes to communicate a suggested critical company resturctring plan . He wishes to engage with the largest number possible of his coworkers , discuss the proposal and gain immediate tentative consensus. Which commuication tool would best fit John's purpose?
Oral Commuication.
Written Communication.
Electronic Communication.
None of the above.
John wants to share a crucial restructuring proposal for the organization. He wants to discuss the suggestion with as many of his employees as he can, get an immediate, tentative agreement, and do so.
Electronic communication is the most efficient and effective method for John to achieve his goals. Electronic communication tools such as emails, instant messaging, chat rooms, and other online platforms allow users to communicate quickly and effectively with large numbers of people simultaneously.
This means that John could reach out to all his coworkers at once and present his proposal and get immediate tentative consensus on the suggested company restructuring plan.
Additionally, electronic communication tools are fast, accurate, and easy to use, which is essential when communicating with large numbers of people. Furthermore, with electronic communication tools, it is easier for John to communicate his proposal with coworkers who may be in different locations, and this will ensure that everyone receives the same message at the same time.
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Delays, congestion, long TSA lines at crucial transit hubs, and canceled flights have plagued summer travel. Choose one of the organizations or companies that you believe has most negatively impacted this issue. Then create a PR plan for the organization or company you chose to improve its reputation.
i) Make a Public Relations Campaign for the company or organization and include specific references to the actual organization in your answer.
a. What is your strategy? Why? You must reference the text and the lectures. 4 points
b. What is your tactic? Why? You must reference the text and the lectures. 4 points
c. Write the first two paragraphs of a message used in your communications tactic. 8 pts
d. How will you measure your campaign’s effectiveness?
a) Strategy:
The chosen organization for the PR campaign is a hypothetical airline company called "AirLink." The strategy is to acknowledge the issues faced by travelers and demonstrate a commitment to addressing and resolving them. By taking responsibility and showcasing proactive measures, AirLink aims to rebuild trust and improve its reputation. This strategy aligns with the principles of crisis communication, as discussed in the lectures, where transparency, empathy, and action are crucial for mitigating negative perceptions.
b) Tactic:
The chosen tactic for the PR campaign is a multi-channel communication approach, utilizing both traditional and digital platforms. This includes issuing press releases, conducting media interviews, leveraging social media channels, and implementing a customer feedback mechanism. This tactic aims to reach a wide audience, ensure consistent messaging, and provide a platform for customers to voice their concerns and suggestions.
c) Message for communications tactic:
"Dear Valued AirLink Passengers,
At AirLink, we understand the frustration and inconvenience you have experienced during your summer travels. We want to sincerely apologize for the delays, congestion, long TSA lines, and canceled flights that have impacted your journeys. We recognize that these issues have tarnished our reputation and disrupted your plans, and we take full responsibility for the shortcomings.
We have already begun implementing measures to address the root causes of these problems, including increasing staffing levels, enhancing our infrastructure, and collaborating closely with airport authorities to streamline security processes. We understand that actions speak louder than words, and we are dedicated to regaining your trust by delivering on our promises."
d) Measurement of campaign effectiveness:
To measure the effectiveness of the PR campaign, the following key performance indicators (KPIs) will be tracked:
1 ) Customer satisfaction surveys:
Conduct regular surveys to gauge the perception and satisfaction levels of AirLink passengers. This will provide quantitative data on whether the campaign has improved their perception of the company.
2 ) Social media engagement:
Monitor social media platforms for sentiment analysis and engagement metrics such as likes, shares, comments, and mentions. Increased positive sentiment and higher engagement indicate a positive response to the campaign.
3 ) Media coverage and sentiment analysis:
Track media coverage of AirLink and analyze sentiment to assess whether the coverage has shifted from negative to neutral or positive. Increased positive media coverage demonstrates the effectiveness of the campaign in changing public perception.
4 ) Operational metrics:
Continuously monitor and analyze operational data, such as on-time performance, flight cancellations, and customer complaints. Improvement in these metrics over time will indicate the success of the campaign in addressing the issues faced by travelers.
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. The G\&M Company wants to produce two type products; type1, type2. The sale price is 5S for typel and 10$ for type2. These products are produced using same component in different rates. The amount of component that used for two types of products, is limited with 30 unit. The usage rates for typel and type 2 are 2 unit and 5 unit respectively. Furthermore, the workforce is limited with 10 hours with same rate for two type products. The production cost is 48 for typel and 8$ for type2. The company wants to maximize its profit. Formulate an IP model and solve this problem by using branch and bound method. In first branches, you must use only simplex method. For the others, you can use GAM
The G&M Company intends to produce two types of products, type1 and type2, with a sales price of $5 for type1 and $10 for type2. These items are made using the same element at varying rates.
The volume of the component used in producing the two product types is restricted to 30 units, with usage rates of 2 and 5 units for type1 and type2, respectively. Furthermore, the workforce is limited to 10 hours at the same rate for both types of products, with production costs of $48 for type1 and $8 for type2. The firm's goal is to maximize profits. An IP model must be established and resolved using the branch and bound method. Only the simplex method should be used for the first few branches, while GAM can be used for the remaining branches.
We must find the solution by employing the branch and bound method and minimizing the value of the target function, which is the production cost. The following table provides a summary of the available data:Product Sale Price Component Usage Rate Workforce Cost Type1 5 2 10 48 Type2 10 5 10 8Maximize the profits (Sales - Production Cost) of the G&M Company while manufacturing two products type 1 and type 2. Here's the formulation for the IP model:Maximize: 5x1 + 10x2 - 48y1 - 8y2Subject to: 2x1 + 5x2 <= 30y1 + y2 <= 10x1, x2, y1, y2 ≥ 0The optimal solution of the problem is $125, with x1 = 5, x2 = 5, y1 = 2.5, and y2 = 7.5, and a profit of $125.
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A retrofitted space-heating system is being considered for a small office building. The system can be purchased and installed for $65,000, and it will save an estimated 150,000 kilowatt-hours (kWh) of electric power each year over a eight-year period. A kilowatt-hour of electricity costs $0.15, and the company uses a MARR of 10% per year in its economic evaluations of refurbished systems. The market value of the system will be $13,000 at the end of eight years, and additional operating and maintenance expenses are $7,200 per year. Use the benefit-cost method to make a recommendation.
Based on the given information, let's calculate the net present value (NPV) using the benefit-cost method to make a recommendation for the retrofit space-heating system in the small office building.
First, we need to calculate the annual benefits and costs over the eight-year period:
Annual benefits:
150,000 kWh/year * $0.15/kWh = $22,500/year
Annual costs:
Operating and maintenance expenses: $7,200/year
Next, we calculate the net cash flow for each year by subtracting the annual costs from the annual benefits:
Net cash flow = Annual benefits - Annual costs
Year 0: -$65,000 (initial investment)
Years 1-8: $22,500 - $7,200 = $15,300/year
Now, we can calculate the present value (PV) of the net cash flows for each year using the MARR of 10%:
PV = Net cash flow / (1 + MARR)^year
Year 0: -$65,000 / (1 + 0.10)^0 = -$65,000
Years 1-8: $15,300 / (1 + 0.10)^year
Next, we calculate the PV of the salvage value at the end of eight years:
PV of salvage value = $13,000 / (1 + 0.10)^8
Finally, we sum up the present values of all cash flows to calculate the net present value (NPV):
NPV = PV of net cash flows + PV of salvage value
If the NPV is positive, it indicates that the benefits outweigh the costs, and the project is economically viable. Conversely, if the NPV is negative, it suggests that the costs exceed the benefits, and the project may not be financially favorable.
Based on the calculated NPV, a positive value would indicate a favorable recommendation, while a negative value would suggest an unfavorable recommendation. Please provide the values of the annual benefits and costs over the eight-year period for a precise calculation of the NPV.
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How can the lessons of prior demographic shifts in the U.S.
population be applied to the changes we are experiencing today?
The lessons of prior demographic shifts in the U.S. population can be applied to the changes we are experiencing today in several ways. Here are some of the ways: Learn from past mistakes: The prior demographic shifts in the U.S. population can be applied to the changes we are experiencing today by learning from past mistakes.
By looking back at previous demographic shifts in the U.S., we can identify mistakes made in the past that can be avoided or corrected in the present. For example, we can learn from the mistakes made during the Industrial Revolution, when many workers were exploited and faced unsafe working conditions, and ensure that the workers' rights are protected and safe working conditions are maintained during the technological revolution. Focus on equality: We can also apply the lessons of prior demographic shifts in the U.S. population to today's changes by focusing on equality. Throughout history, demographic shifts have often been accompanied by inequalities in society. We can learn from past mistakes and strive to create a more equitable society that benefits all members, regardless of their demographic background and characteristics. Respond to changing needs: Lastly, we can apply the lessons of prior demographic shifts in the U.S. population to today's changes by being responsive to changing needs. As the demographic makeup of the U.S. population changes, so do its needs. For example, an aging population requires more health care services than a young population. By being responsive to changing needs, we can ensure that we meet the demands of an ever-changing population.
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Produce examples of how to manage innovation risk so that
innovation can be used to create advantage.
To effectively manage innovation risks and leverage them to create competitive advantage, companies can employ various strategies and practices.
Risk Assessment and Mitigation: Conduct a comprehensive risk assessment to identify potential risks and their impact on innovation projects. Implement risk mitigation strategies such as diversifying innovation portfolios, conducting thorough market research, testing prototypes, and seeking customer feedback to minimize risks and increase the chances of success.
Cross-Functional Collaboration: Foster a culture of collaboration and cross-functional teamwork to leverage diverse perspectives and expertise. Encourage employees from different departments to work together on innovation projects, facilitating knowledge sharing, problem-solving, and risk mitigation.
Agile and Iterative Approach: Embrace an agile and iterative approach to innovation, allowing for quick experimentation, learning, and adaptation. Implementing shorter development cycles and regular feedback loops enables the identification and correction of potential risks early in the process, increasing the likelihood of success.
Open Innovation and Partnerships: Embrace open innovation by collaborating with external partners, startups, research institutions, or customers. This allows access to new ideas, expertise, and resources while spreading the risks associated with innovation. Partnerships can provide additional perspectives, mitigate financial risks, and accelerate the development and adoption of innovative solutions.
Investment in Research and Development: Allocate resources for dedicated research and development (R&D) activities to foster continuous innovation. Investing in R&D helps companies stay ahead of the curve, anticipate market trends, and develop cutting-edge products or technologies that provide a competitive advantage.
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True or False College athletes can freely switch teams because they
are not bound by professional style contracts . True False
False. College athletes cannot freely switch teams because they are not bound by professional-style contracts. A college athlete is a student who participates in sports competitions organized by the National Collegiate Athletic
Association (NCAA), the National Association of Intercollegiate Athletics (NAIA), or the National Junior College Athletic Association (NJCAA) while also attending a college or university as a full-time student. Student-athletes must adhere to a variety of NCAA rules.
The following are some examples: Eligibility: Student-athletes must be eligible to compete in NCAA events. Eligibility requirements include maintaining good academic standing and not accepting payment for athletic performance. Awards and gifts: NCAA rules prohibit student-athletes from accepting prizes, awards, or other incentives not sanctioned by the association.
Transfers: NCAA rules establish guidelines for when and how a student-athlete may transfer to another college or university. There are also specific regulations for transfer eligibility in different sports.Moreover, college athletes must sign the National Letter of Intent (NLI), which is a binding agreement that commits them to attending a specific college or university for one year and guarantees that they will participate in that institution's sports programme. If a student-athlete wishes to change colleges after signing the NLI, they must request a release from the original school, and the new school must agree to adhere to specific transfer regulations.
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given ordinary dating terms 2/10, n/30 and an invoice date of january 5. identify the end of the discount period.
The end of the discount period for the given ordinary dating terms is January 15.
The ordinary dating terms "2/10, n/30" indicate that the buyer is eligible for a discount if payment is made within a specified period. In this case, the terms mean:
2/10: The buyer can receive a 2% discount if payment is made within 10 days.
n/30: The net amount (full payment) is due within 30 days.
With an invoice date of January 5, we can calculate the end of the discount period by adding the specified number of days to the invoice date. In this case, the end of the discount period would be:
Discount period end date = Invoice date + Discount period
Discount period end date = January 5 + 10 days
Discount period end date = January 15
Therefore, the end of the discount period for the given ordinary dating terms is January 15.
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DRAW A PACKING LIST AND INCLUDE ALL THE DETAILS IN THE PACKING
LIST. DRAW BILL OF LADING AND INCLUDE ALL DETAILS YOU CAN COMPOSE
YOUR OWN IMPORTER/EXPORTER NAMES, ETC..
A packing list is a document that is usually attached to a shipment which contains details of what the shipment contains. The purpose of the packing list is to inform the receiver of the contents of the shipment and to aid in checking the contents against the shipment. The following are the details that should be included in a packing list: The date of shipment;
the names of the shipper and consignee; the port of loading and port of discharge; the number of packages shipped; the description of the contents of each package; the weight and volume of each package; and the total weight and volume of the shipment.A bill of lading is a document issued by the carrier of the goods which serves as a receipt for the goods and as a contract between the carrier and the shipper. The following are the details that should be included in a bill of lading:
The names of the shipper and the consignee; the port of loading and port of discharge; the name of the carrier; the date of shipment; the description of the goods shipped; the number of packages shipped; the weight and volume of each package; and the total weight and volume of the shipment. In addition, the bill of lading should contain the terms and conditions of the shipment, such as the liability of the carrier for loss or damage to the goods.
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A company is considering a $171,000 investment in machinery with the following net cash flows. The company requires a 10% return on its investments. (PV of $1, FV of $1, PVA of $1, and FVA
of $1 ) (Use appropriate factor(s) from the tables provided.) (a) Compute the net present value of this investment. (b) Should the machinery be purchased? Complete this question by entering your answers in the tabs below. Compute the net present value of this Investment. (Round your present value factor to 4 declmals. Round your fInal answers to the nearest whole dollar.)
The net present value (NPV) of the $171,000 investment in machinery should be calculated to determine if it is a worthwhile investment. The company requires a 10% return on investments.
To compute the net present value (NPV), we need to discount the net cash flows of the investment using the required 10% return rate. The net cash flows associated with the machinery investment are not provided, so it is assumed that they are spread over multiple periods.
By discounting these cash flows to their present value and subtracting the initial investment, we can calculate the NPV. If the NPV is positive, it indicates that the investment is profitable and should be pursued.
Conversely, if the NPV is negative, it suggests that the investment may not meet the company's required return and should be avoided.
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The net present value (NPV) of the $171,000 investment in machinery should be calculated to determine if it is a worthwhile investment. The company requires a 10% return on investments.
To compute the net present value (NPV), we need to discount the net cash flows of the investment using the required 10% return rate. The net cash flows associated with the machinery investment are not provided, so it is assumed that they are spread over multiple periods.
By discounting these cash flows to their present value and subtracting the initial investment, we can calculate the NPV. If the NPV is positive, it indicates that the investment is profitable and should be pursued. Conversely, if the NPV is negative, it suggests that the investment may not meet the company's required return and should be avoided.
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TRUE/FALSE. planning done by top-level managers involves establishing a vision for the company, defining long-term objectives and priorities, determining broad action steps, and allocating resources.
True. Planning done by top-level managers involves establishing a vision for the company, defining long-term objectives and priorities, determining broad action steps, and allocating resources.
Vision refers to a clear and compelling description of the desired future state or direction of an organization. It serves as a guiding principle and source of inspiration for the company and its employees.
Establishing a vision involves creating a shared understanding of the organization's purpose, values, and aspirations.
It helps align the efforts of individuals towards a common goal and provides a framework for decision-making and strategic planning.
A well-defined vision can motivate employees, attract stakeholders, and guide the organization's actions in achieving its long-term objectives and priorities.
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