Logistics operations can be improved by optimizing the aspects of the supply chain that include materials management, order fulfillment, and shipping. However, it is important to remember the negative aspects of this technique that could affect the company's operational effectiveness.
Such as the high cost of transportation, the greater length of supply-lead-time, which results in supplies interruption or supply chain disruption, and the effect of political weather or climate change, resulting in the likelihood of setbacks of product delivery.
Materials Requirements Planning (MRP) and Distribution Requirements Planning (DRP) have a strong relationship with the logistics function, and this relationship helps to ensure that materials are available for manufacturing.
MRP is a planning method that is used to calculate materials needs based on sales forecast, which means it is a technique used to determine what material is required for the production of goods and when it is needed. This process uses a computer system to predict material needs and ensures that materials are available to be used when needed.
On the other hand, DRP is a process that is used to manage inventory requirements throughout the supply chain. It helps to ensure that the materials needed are available when they are needed and helps to control the amount of inventory that is held. DRP is particularly useful when trying to balance supply and demand.
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Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business September, October, and November are $244,000,$318,000, and $422,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales expected to be collected in the month of the sale and 20% in the month following the sale. The cash collections expected in October from accounts receivable are estimated to be a. $143,920 b. $254,688 c. $178,080 d. $212,240
The cash collection expected in October from accounts receivable is $254,688 (option b).
Budgeted sales for the months of September, October, and November are as follows:
- September: $244,000
- October: $318,000
- November: $422,000
The company expects to sell 30% of its merchandise for cash and the remaining 70% on account. For the sales expected to be collected on account, 50% will be collected in the month following the sale, while the remaining 50% will be collected in the second month following the sale.
To calculate the amount of sales the company expects to make on credit for each month, we multiply the total sales by 70%:
- September: $244,000 × 0.7 = $170,800
- October: $318,000 × 0.7 = $222,600
- November: $422,000 × 0.7 = $295,400
Next, let's calculate the cash collection expected in October from accounts receivable. It is estimated by multiplying the sales from September (collected in the following month) by 50%, and adding it to the sales from October (collected in the same month):
Cash collection expected in October = (1,070 × $222,600) + (0.5 × $170,800) = $254,688.
Therefore, option (b) $254,688 is the correct answer.
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The term earnings quality refers to:
A) Whether analysts can forecast future EPS
B) Earnings reflecting the ongoing sustainable operations of the company
C) The ability of management to make earnings look better than they really are
d) Whether the financial statements are easy to read
The term earnings quality refers to earnings reflecting the ongoing sustainable operations of the company.
Earnings quality refers to the capability of earnings to give an accurate picture of a firm's underlying economic activities by providing relevant and trustworthy information to investors. The earnings quality of a company can be determined by evaluating the information given in its financial statements.
The objective of the financial statement analysis is to establish the quality of earnings. If earnings from operations are insufficient to support the firm's other activities or to enable it to meet its obligations, it may be indicative of poor earnings quality. Earnings quality refers to the accuracy of the earnings information presented in the financial statements.
Analysis of earnings quality is important for investors and other stakeholders as it provides information about the ability of a company to sustain its earnings over time. It is, therefore, crucial to the evaluation of a company's long-term prospects.
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what are potential problems associated with gathering primary data in a foreign market?
Researchers should invest in cross-cultural training, work with local partners or experts, carefully design research instruments, and consider alternative data collection methods such as online surveys or virtual interviews.
Gathering primary data in a foreign market can present several challenges and potential problems. Firstly, language and cultural barriers may impede effective communication and understanding between the researchers and the local population. This can lead to misinterpretation of responses or inaccurate data collection.
Secondly, logistical challenges may arise due to unfamiliarity with local infrastructure, transportation, and geographical conditions. These can make it difficult to reach remote areas or specific target groups, limiting the representativeness of the data.
Additionally, legal and regulatory differences in foreign markets may impose restrictions on data collection methods or require obtaining permits and approvals, adding complexity and time constraints to the process.
Another potential problem is biased or unreliable responses. Respondents may be reluctant to provide honest or accurate information due to social desirability bias, fear of repercussions, or lack of trust in the researcher's intentions.
Lastly, cost considerations should be taken into account. Conducting primary research in a foreign market can be expensive due to travel expenses, hiring local translators or interviewers, and potential delays or difficulties in data collection.
To mitigate these problems, researchers should invest in cross-cultural training, work with local partners or experts, carefully design research instruments, and consider alternative data collection methods such as online surveys or virtual interviews.
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SHOW YOUR WORK FOR EACH PROBLEM PROBLEM 1 - Make or Buy: Rivertown Corporation uses a part called a nerfette in one of its products. The company's Accounting Department reports the following costs of producing the 6,200 units of the part that are needed every year. An outside supplier has offered to make the part and sell it to the company for $27.00each. If this offer is accepted, the supervisor's salary and all of the variable costs, including direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company. If the outside supplier's offer were accepted, only $5,000 of these allocated general overhead costs would be avoided. In addition, the space used to produce nerfettes could be used to make more of one of the company's other products, generating an additional segment margin of $15,600 per year for that product. Required: a. What is the financial advantage (disadvantage) of accepting the outside supplier's offer? b. Should the company make or buy nerfettes? PROBLEM 2 - Special Order: Your corporation makes a range of products. The company's predetermined overhead rate is $20 per direct labor-hour, which was calculated using the following budgeted data: Management is considering a special order for 740 units of product RGST at $68 each. The normal selling price of product RGST is $79 and the unit product cost is determined as follows: If the special order were accepted, normal sales of this and other products would not be affected. The company has ample excess capacity to produce the additional units. Assume that direct labor is a variable cost, variable manufacturing overhead is really driven by direct labor-hours, and total fixed manufacturing overhead would not be affected by the special order. Required: The financial advantage (disadvantage) for the company as a result of accepting this special order would be: SHOW YOUR WORK FOR EACH PROBLEM PROBLEM 1 - Make or Buy: Rivertown Corporation uses a part called a nerfette in one of its products. The company's Accounting Department reports the following costs of producing the 6,200 units of the part that are needed every year. An outside supplier has offered to make the part and sell it to the company for $27.00each. If this offer is accepted, the supervisor's salary and all of the variable costs, including direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company. If the outside supplier's offer were accepted, only $5,000 of these allocated general overhead costs would be avoided. In addition, the space used to produce nerfettes could be used to make more of one of the company's other products, generating an additional segment margin of $15,600 per year for that product. Required: a. What is the financial advantage (disadvantage) of accepting the outside supplier's offer? b. Should the company make or buy nerfettes?
We must analyse the costs of producing the nerfettes internally with purchasing them from the supplier in order to determine the financial benefit (disbenefit) of accepting the outside supplier's offer.
Making nerfettes costs $14.50 in direct labour per unit.Without factoring in direct labour, variable expenses per unit are $7.80.General overhead allocated per unit is $0.81.Segment margin growth from other products added: $2.52Total cost per unit is calculated as follows: Direct labour cost plus variable costs, general overhead that is allocated, and additional segment margin.Total price per unit: $25.63 ($14.50 + $7.80 + $0.81 + $2.52)Cost of creating every unit minus the cost of purchasing each unit equals the financial benefit (disadvantage).Advantage (disadvantage) in money terms equals $25.63 - $27.00 = -$1.37
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if a manager is interested in partially accounting for services that support departments provide to each other, which allocation method should be used? the direct method the reciprocal method the step-down method the net realizable value method
If a manager is interested in partially accounting for services that support departments provide to each other, the appropriate allocation method to use would be the reciprocal method.
The iterative technique, often referred to as the reciprocal method, is a cost allocation strategy that takes into account the complementary services offered by several support divisions within an organization. It accounts for the interactions and interdependencies across departments and distributes costs depending on the mutually beneficial nature of services.
By repeatedly solving simultaneous equations that depict the reciprocal relationships across support departments, expenditures are distributed using the reciprocal technique. Compared to the step-down technique, which sequentially distributes expenses beginning with one department, and the direct method, which transfers costs straight from support departments to operating departments, this method is more complex.
Utilizing the reciprocal technique, the management can more accurately allocate expenditures and produce a more accurate budget by taking into consideration the mutual services supplied by departments.
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Stock repurchases: many companies implemented or increased their stock repurchase plans after the 2017 Tax Cuts and Jobs Act went into effect. Do you believe this was a good use of the tax savings these firms experienced due to the lower corporate tax rate? Why or why not?
The tax savings a company experiences due to the lower corporate tax rate is a valuable asset that can be used in many ways.
However, the question remains as to whether stock repurchases were the best option for firms to utilize their savings.
What does this entail?Companies that implemented or increased their stock repurchase plans after the 2017 Tax Cuts and Jobs Act went into effect has sparked the debate of whether it was a good use of the tax savings they experienced due to the lower corporate tax rate.
The decision of whether or not it was a good use of tax savings relies on the company's situation.
The following points explain why stock repurchases can be good or bad:
Why stock repurchases can be good:
It shows that the company has confidence in itself, which, in turn, can boost investor confidence.
Stock repurchases can provide a tax-efficient return to investors.
Stock repurchases can increase earnings per share (EPS) by decreasing the number of outstanding shares.
Why stock repurchases can be bad:
Stock repurchases can show that a company has run out of ideas to deploy their capital.
The company may be overlooking other investments that could bring higher returns than buying back stock.
The company may be seeking to increase their stock price in the short term to benefit executives who receive stock-based compensation.
If the company's stock price is overvalued, buying back shares can be a poor use of funds as it can further increase the overvaluation.
Conclusion:
Whether or not stock repurchases are a good use of tax savings depends on a case-by-case basis and various other factors, as discussed above.
It is recommended that a company evaluates all options before deciding how to use its tax savings.
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A corporate-level company team is exempt from intemet filtering and from monitoring who has access to their accounts. Additionally, the team has unrestricted access to all of the company's files. Whose responsibility is it to find and report these IT vulnerabilities? Systems auditors Data owners Data custodians Department managers
The responsibility of finding and reporting IT vulnerabilities of a corporate-level company team that has unrestricted access to all of the company's files lies with the systems auditors.
What is a system auditor?A system auditor is responsible for investigating and verifying an organization's management of and access to networked computer systems. Auditors ensure that system security and data integrity standards are followed and that the system's operation is adequate and in line with the organization's overall objectives. They may also look for the existence of malicious software and determine if users have access to resources that they should not have, such as sensitive data or network privileges.
What is Data Custodian?A data custodian is a person or group of people who are responsible for the safekeeping of a company's data. They're in charge of ensuring that data is secured and accessed only by authorized persons. This role may be managed by IT administrators, data center staff, and other employees who are responsible for securing an organization's data.
What is a Data Owner?A data owner is a person who is in charge of a specific data set within an organization. They make decisions about what data can be accessed and by whom. They also decide how long to keep the data and how to dispose of it when it is no longer needed. Finally, they establish data standards and guidelines for data usage in their organization.
What is Department Managers?Department managers are accountable for the day-to-day operations of a particular division or team within a company. They have supervisory responsibilities over personnel, project management, financial management, and risk management, among other things. They're also in charge of maintaining an environment that fosters productivity, collaboration, and high morale among team members. However, it is the system auditors' responsibility to find and report these IT vulnerabilities. This is because they are specialized in assessing the overall IT risk environment and have the technical expertise and training necessary to recognize and report IT vulnerabilities.
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The pretax operating cash flow of Cullumber Motors declined so much during the recession of 2008 and 2009 that the compary almost defauited on its debt. The owner of the company wants to change the cost structure of his business so that this does not happen again. Hehas been able to reduce fixed costs from $493,000 to $282,000 and, in doing so, reduce the Cash Flow DOL for Cullumber Motors irom 3.1 to 2.1 with sales of $1,100,000 and pretax operating cash flow of $270,000. If sales decilined by 30 percent from this level, how much more pretax operating cash flow would Cullumber Motors have with the new cost structure than under the old? (Round answer to nearest whole dollar, eg. 5,275) Cullumber Motors would haves more pretax operating cash flow with the new cost structure than under if
The company would have $51,000 more pretax operating cash flow than the old cost structure if the sales dropped by 30%.
Cullumber Motors was not able to cope with the financial distress caused by the recession of 2008 and 2009. The company had to almost default on its debt due to the decline in its pretax operating cash flow. As a result, the company owner wants to adjust the cost structure of the company to avoid similar challenges in the future.
The owner of the company has been able to minimize the fixed costs from $493,000 to $282,000, resulting in the reduction of Cash Flow DOL for Cullumber Motors from 3.1 to 2.1 with sales of $1,100,000 and pretax operating cash flow of $270,000.
To calculate Cullumber Motor's new pretax operating cash flow, use the following formula:Pretax Operating Cash Flow = Sales - Variable Operating Costs - Fixed Operating CostsBefore diving into the calculations, it is necessary to identify the old and new cost structures.Old Cost Structure:Fixed Costs = $493,000Cash Flow DOL = 3.1.
New Cost Structure:Fixed Costs = $282,000.Cash Flow DOL = 2.1Calculation of Operating Cash Flow for the Old Structure:Pretax Operating Cash Flow = Sales - Variable Operating Costs - Fixed Operating Costs= $1,100,000 - 0.70($1,100,000) - $493,000= $357,000.Calculation of Operating Cash Flow for the New Structure:Pretax Operating Cash Flow = Sales - Variable Operating Costs - Fixed Operating Costs= $1,100,000 - 0.70($1,100,000) - $282,000= $408,000.
The operating cash flow of Cullumber Motors under the new cost structure is $408,000, and the operating cash flow under the old structure is $357,000. The difference between the two amounts is:$408,000 - $357,000 = $51,000.Therefore, Cullumber Motors would have more pretax operating cash flow with the new cost structure than under the old.
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An investment requires an initial cash outflow of $3,600, and it will bring in cash inflows of $3,500, $1,100,$2,300,$2,400, for the next four years, respectively. What is the internal rate of return (IRR) of this project? (Format answer to percent and rounded to two decimals, enter your answers without %, for example, for answer 0.1243, enter 12.43 only)
Internal rate of return (IRR) is the rate at which the net present value (NPV) of the investment equals zero. If the IRR is greater than the rate required to earn a minimum acceptable rate of return (MARR), then the investment should be accepted.
An investment needs an initial cash outflow of $3,600 and will produce cash inflows of $3,500, $1,100, $2,300, and $2,400 for the next four years.
What is the internal rate of return (IRR) of this project?
To determine the IRR of the project, the cash inflows should be discounted at various interest rates until the net present value (NPV) equals zero.
The process is repeated until the rate of return is discovered, which is done with the aid of a calculator or Microsoft Excel.
Using Microsoft Excel's built-in function, we can get the IRR as follows:
Where the cash flows are:
CF0 = -$3,600; CF1 = $3,500; CF2 = $1,100; CF3 = $2,300; and CF4 = $2,400.
For the project described above, the IRR is approximately 17.87 percent.
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The nurse receives unit report and assigns clients to the nursing team. It is MOST appropriate for the nurse to assign which client to the care of the LPN/LVN?
The nurse must consider the acuity of each client and assign them to the appropriate nursing staff based on their level of expertise. This would result in effective and efficient care provided to the clients.
When the client has a stable and predictable condition, it does not require the level of expertise of a registered nurse to provide care. The LPN/LVN is competent and skilled in providing care for clients with a stable and predictable condition.
In contrast, when the client has a complex and unstable condition, it is necessary for the registered nurse to provide care. These clients require the assessment, evaluation, and intervention skills of a registered nurse. They may have multiple medical problems, or are recovering from surgery or procedures and require a high level of medical and nursing care.
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indicate whether each company should utilize a job order (jo) or process (p) cost system.
In accounting, job order costing and process costing are two essential techniques for assigning direct and indirect manufacturing expenses to products and services. The best approach is determined by the nature of the company's operations.
Job Order Costing System:
Job order costing is used for custom-made products or services. It involves allocating and monitoring the expenses of individualized manufacturing orders. This method is commonly used by firms that produce unique items like custom homes, boats, machine equipment, and airplane components. In a job order costing system, the cost of each job or item is measured, making it a suitable approach for tracking costs in customized production scenarios.
Process Costing System:
Process costing is used for homogeneous products and services. It is employed to determine the costs of a specific process or activity, such as refining petroleum or producing a range of goods. The costs incurred in the process are then distributed over the output produced. Process costing is an efficient method that enables businesses to manage their production processes and maintain accurate records of production costs.
The decision to use a process or job order cost system depends on the nature of the company's operations. If the company specializes in custom-made products, the job order costing system is more appropriate. On the other hand, if the company produces identical goods or services that require comparable manufacturing procedures and use the same raw materials, the process costing system is the ideal technique to track costs accurately.
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Albert Awol, 23, is a recent graduate of The University of North Carolina (go Heels!) and is still within his six-month grace period before his student loan repayment begins. For the last twelve months he has been working as a jungle cruise captain at the Magic Kingdom in Orlando, FL, where he resides permanently. He has aspirations of starting his own adventure guide business and has been investigating small business loans as a way to get his dream off the ground. Albert is planning for a trip to South America to visit the Amazon and apprentice with a local jungle cruise captain on the river in order to get a feel for what a similar business might look like. He feels that he can save enough money to accomplish this goal in three years.
Albert has done a good job documenting his financial and wage records, but it is not very organized. He is looking for some assistance and hires you as his financial advisor to assist. He has a number of goals he is looking to accomplish, including the need to replace his vehicle within the next six months. His first objective is to develop financial statements based on his current situation. He has organized the below information in order to accomplish this:
Checking account $8,000 Rent $1,000
Gross monthly wages $5,500 Gas $180
Monthly deductions $1,000 Car value $9,000
Savings account $12,000 Personal Property $1,000
Car payment $450 Student loan balance $25,000
Emergency fund $2,500 Student loan payment $400
Food $500 Credit card payment $200
Credit card balance $4,500 401(k) balance $20,000
Roth IRA $8,500 Car loan $5,500
Cell bill $140 Utilities $100
Internet $100 Car insurance $100
Dining Out $525 Entertainment $600
Based upon the above information it is clear that Albert must first organize this information into both a balance sheet and a cash flow statement. Using the data provided, develop these two personal financial statements for Albert.
Balance Sheet of Albert Awol Liabilities Amount Assets Amount Car loan 5,500 Checking account 8,000
Credit card balance 4,500
Savings account 12,000 Rent 1,000
Car value 9,000Gas 180
Personal Property 1,000
Car insurance 100 401(k) balance 20,000
Credit card payment 200 Roth IRA 8,500
Student loan balance 25,000
Emergency fund 2,500
Total liabilities 36,880
Total assets 51,000
The balance sheet is a statement that presents an entity’s financial position at a particular date.
It shows the assets, liabilities, and the owner’s equity of an entity at a given date.
Cash Flow Statement of Albert Awol Cash inflow Amount Cash outflow Amount Gross monthly wages 5,500 ent 1,000
Monthly deductions 1,000
Gas 180
Food 500
Car payment 450
Dining out 525
The cash flow statement provides an analysis of how cash flows through the organization. It shows how much cash is available to the entity from different sources and how much is paid out to creditors and vendors. It also indicates the net change in cash for the period.
The answer above is more than 100 words and less than 120 words.
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In each of the following four cases, MRP L and MRP C refer to the marginal revenue products of labor and capital, respectively, and P L and P C refer to their prices. Indicate in each case whether the conditions are consistent with maximum profits for the firm. If not, state which resource(s) should be used in larger amounts and which resource(s) should be used in smaller amounts.
a. MRPL = $8; PL = $4; MRPC = $8; PC = $4
1. These conditions are consistent with maximum profits for the firm.
–True or False
2. Which resource should be used in larger and/or smaller amounts?
Select one:
-Use less of both
-Conditions are already consistent
-Use more of both
-Use less labor and more capital
-Use more labor and less capital
b. MRPL = $10; PL = $12; MRPC = $14; PC = $9
1. These conditions are consistent with maximum profits for the firm.
–True or False
2. Which resource should be used in larger and/or smaller amounts?
Select one:
-Use less of both
-Conditions are already consistent
-Use more of both
-Use less labor and more capital
-Use more labor and less capital
c. MRPL = $6; PL = $6; MRPC = $12; PC = $12
1. These conditions are consistent with maximum profits for the firm.
–True or False
2. Which resource should be used in larger and/or smaller amounts?
Select one:
-Use less of both
-Conditions are already consistent
-Use more of both
-Use less labor and more capital
-Use more labor and less capital
d. MRPL = $22; PL = $26; MRPC = $16; PC = $19
1. These conditions are consistent with maximum profits for the firm.
–True or False
2. Which resource should be used in larger and/or smaller amounts?
Select one:
-Use less of both
-Conditions are already consistent
-Use more of both
-Use less labor and more capital
-Use more labor and less capital
a. MRPL = $8; PL = $4; MRPC = $8; PC = $4
1. These conditions are consistent with maximum profits for the firm. False
2. Use less labor and more capital
b. MRPL = $10; PL = $12; MRPC = $14; PC = $9
1. These conditions are consistent with maximum profits for the firm. True
2. Conditions are already consistent
c. MRPL = $6; PL = $6; MRPC = $12; PC = $12
1. These conditions are consistent with maximum profits for the firm. False
2. Use less labor and more capital
d. MRPL = $22; PL = $26; MRPC = $16; PC = $19
1. These conditions are consistent with maximum profits for the firm. False
2. Use less labor and more capital
In each case, we compare the marginal revenue product of labor (MRPL) to the price of labor (PL), and the marginal revenue product of capital (MRPC) to the price of capital (PC).
For maximum profits, a firm should use resources in such a way that their marginal revenue product is greater than or equal to their price. In case a, both MRPL and MRPC are equal to $8, which is equal to the prices PL and PC. This means that the firm is already maximizing its profits, so no changes in resource allocation are needed.
In cases b, c, and d, there are discrepancies between the MRPs and prices. In case b, MRPL is $10 and PL is $12, meaning that the price of labor is greater than its marginal revenue product. However, MRPC is $14, which is greater than PC, indicating that the price of capital is less than its marginal revenue product. Therefore, to maximize profits, the firm should use more capital and less labor.
Similarly, in cases c and d, the firm should use less labor and more capital to maximize profits because the price of labor is greater than its marginal revenue product, while the price of capital is less than its marginal revenue product.
In summary, for maximum profits, a firm should allocate resources in a way that ensures the marginal revenue product of each resource is equal to or greater than its price.
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The process by which long term mortgages transformed into immideate salable (liquid) financial instrument (bonds) is called a. Securitization b. Capital leasing c. Bank massive lending d. Initial public offering (IPOs)
The process by which long-term mortgages are transformed into immediately salable (liquid) financial instruments (bonds) is called Securitization.
It is a financial instrument that has its basis in financial assets such as loans, bonds, and mortgages.
Such assets, known as underlying assets, serve as collateral for the financial instrument.
What is Securitization?
Securitization is a financial instrument that transforms financial assets into securities.
The financial assets transformed into securities are usually illiquid, long-term assets that cannot be sold immediately for cash.
It is a process whereby illiquid assets are transformed into securities that can be sold in the open market.
The securitization process involves pooling assets together into a portfolio and then issuing securities against the portfolio.
The securities are then sold to investors in the open market.
The underlying assets serve as collateral for the securities and the cash flows generated by the underlying assets are used to pay the investors.
Securitization has become a popular means of raising funds for banks and financial institutions. It allows them to free up capital tied up in long-term assets, and convert them into securities that can be sold to investors.
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A. Consider a duopoly market in which the firms operate on the basis of conjectural variation in prices and selling homogenous goods. Assume the demand is perfectly inelastic; at each price, consumers will demand 100 units of the good. Suppose that, when firm A and firm B set the same price, demand is split 50−50 between the two. i. Suppose that the cost function is C(q i
)=20q 1
for i=A,B. Determine the equilibrium outputs, prices and profits. ii. Suppose that the cost structure of the firms changes, and the new cost function is (6 marks) C(q i
)= 10
1
q i
2
for i=1,2. Determine the equilibrium outputs, prices and profits.
Consider the duopoly market where firms A and B operate with the concept of conjectural variation in prices and selling homo goods.
the demand for these goods be perfectly inelastic. In this scenario, consumers demand 100 units of the good at every price. Therefore, the demand curve is straight, horizontal, and perfectly inelastic.Situation i)Now, when firms A and B set the same price, the demand is split 50−50 between the two.
Using these facts, we can determine the equilibrium output and price of both firms.Output: Total market demand is 100 units. Since both firms sell identical products, the market is split 50-50 between them. each firm produces 50 units. Price: As the demand is perfectly inelastic, firms cannot charge a higher price. each firm charges the cost per unit, which is 20. Profit.
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PESTEL analysis for china with electric motorbikes
PESTEL analysis is a tool used by businesses to evaluate the macro-environmental factors that may impact their operations.
These factors include political, economic, social, technological, environmental, and legal forces.
In regards to electric motorbikes in China, the following PESTEL analysis can be conducted:
Political: The Chinese government is supportive of electric vehicles, including motorbikes.
They have implemented policies to incentivize the production and purchase of these vehicles, such as subsidies and tax exemptions.
However, the government's regulatory policies can be unpredictable, which can be a challenge for businesses.
Economic: The Chinese economy is the second largest in the world and is continuously growing.
The middle class is also expanding, which creates a larger market for electric motorbikes.
However, there are concerns about income inequality and poverty, which can impact the affordability of these vehicles.
Social: There is a growing awareness and concern for environmental sustainability in China.
This can create a demand for environmentally friendly transportation options such as electric motorbikes.
However, cultural preferences and attitudes toward motorbikes may still favor gasoline-powered models.
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Symbolic convergence theory explains how fantasy themes help shape a group's identification and culture.
A) False
B) True
Symbolic Convergence Theory explains how fantasy themes shape a group's identification and culture. (True)
Symbolic Convergence Theory is a communication theory that suggests how shared interpretations of symbolic meanings, or "fantasy themes," contribute to the formation of a group's identification and culture. According to this theory, when individuals within a group share and build upon common narratives, stories, or symbolic expressions, it creates a sense of unity, shared understanding, and collective identity. These fantasy themes help shape the group's culture by providing a basis for shared beliefs, values, and behaviors.
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Blossom Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Liabilities and Stockholders' Equity Comparative Income Statement and Statement of Retained Earnings For the Year Sales revenue (all on account) $10,177,300$9,614,000 Calculate the following liquidity ratios for 2020. (If working capital is negative then enter with a negative sign preceding the number or parentheses, es - 15,000 or (15,000). Round oll answers except working copital to 2 decimal places, es. 2.55.) Calculate the following liquidity ratios for 2020. (Round average collection period to 0 decimal place, eg. 25 and inventory turnover ratio to 2 decimal ploces, eg. 5.12. Use 365 days for calculation.) a. Average collection period days b. Inventory turnover times Calculate average days to sell inventory for 2020. (Round answer to 0 decimal pioces, eg. 25. Use 365 days for colculation) Average days to sell inventory days
Without the specific values for current assets, current liabilities, and cost of goods sold (COGS) for 2020, the liquidity ratios cannot be calculated accurately.
To calculate the liquidity ratios for 2020, we need additional information such as the current assets, current liabilities, and inventory turnover.
Without the specific values for current assets and liabilities, it is not possible to calculate the liquidity ratios accurately. However, I can explain the concepts of the liquidity ratios you mentioned:
a. Average Collection Period: This ratio measures the average number of days it takes for a company to collect its accounts receivable. It is calculated by dividing the average accounts receivable by the average daily sales. The formula is:
Average Collection Period = (Average Accounts Receivable / Sales) x Number of Days
b. Inventory Turnover: This ratio indicates how many times a company sells and replaces its inventory within a specific period. It is calculated by dividing the cost of goods sold (COGS) by the average inventory. The formula is:
Inventory Turnover = COGS / Average Inventory
Average Days to Sell Inventory: This ratio represents the average number of days it takes for a company to sell its entire inventory. It is calculated by dividing the number of days in a year by the inventory turnover ratio. The formula is:
Average Days to Sell Inventory = Number of Days / Inventory Turnover
Please provide the specific values for current assets, current liabilities, and cost of goods sold (COGS) for 2020, and I will be able to calculate the liquidity ratios for you.
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Identify" and "define" two leadership attributes and
two leadership behaviors? Select "one" of
the two leadership attributes and "one" of the two leadership
behaviors you listed and assess yourself in
Leadership attributes and behaviors are key factors that distinguish successful leaders from unsuccessful ones. They are the qualities and actions that define an individual's leadership style.
Two leadership attributes and two leadership behaviors are as follows:
Leadership Attributes:
1. Confidence: A leader should be confident in their abilities and have faith in their judgment. They must possess self-assurance and a clear sense of direction.
2. Accountability: A successful leader is accountable for their actions. They must be responsible and ready to take ownership of their decisions.
Leadership Behaviors:
1. Communication: A good leader must be able to communicate their vision and goals effectively. They must be able to listen actively and provide feedback when required.
2. Collaboration: A leader must promote a collaborative culture. They must establish a culture of mutual respect and cooperation among team members.
When it comes to assessing yourself, one can use a self-assessment tool to identify their leadership strengths and areas for improvement. This will help you to identify what your leadership strengths and weaknesses are. If you have selected "confidence" as a leadership attribute and "communication" as a leadership behavior, you can assess yourself on the following basis:
Confidence:How often do you feel confident in your leadership abilities?Do you take risks when necessary?Do you lead by example?
Communication:How effectively do you communicate with your team members?Do you encourage feedback from your team members?How often do you practice active listening?
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ulman Interiors is the most respected interior design firm in Scranton. This success is partly due to its twenty design teams, each of which consists of about six technically diverse specialists, who are highly dependent on each other to complete projects. Most teams are well-established (have low turnover) and work together in the same offices. They coordinate and address conflicts effectively and have shared expectations of each other and the project’s goals. Pulman’s CEO wants to expand the firm into three other cities in Pennsylvania. This will initially require hiring staff quickly for another five or six teams. Some current staff will need to shift to new teams and work remotely with new hires located in the other cities.
Apply the team development model to evaluate teamwork at Pulman Interiors.
Explain why team mental models are important for the successful teams at Pulman Interiors.
Identify two factors that could undermine Pulman’s high-performing teamwork IF the company decides to expand its business.
The team development model, which was developed by Bruce Tuckman, explains the four stages of development that most teams go through before they can work together productively.
The four stages of development in a team are forming, storming, norming, and performing. The evaluation of teamwork at Pulman Interiors can be done using this model:
Forming: This phase entails forming the team, and individuals who are part of the team are usually polite and courteous as they get to know each other.Storming: This stage is characterized by conflicts and disagreements as individuals try to identify where they fit in the team's hierarchy.Norming: Team members have accepted each other, and the team has established guidelines, roles, and expectations.Performing: This is the main answer to the team development model as it is the stage where the team performs at its peak.Team mental models are important for the successful teams at Pulman Interiors because they allow for common understandings and shared expectations between members of a team. Team mental models are representations that team members hold in their heads of how things work in the team, what tasks need to be completed, and how team members should interact with each other. When the members of a team have a shared understanding of these mental models, they are better able to coordinate and communicate with each other. By sharing and agreeing on a common set of mental models, teams are able to operate more efficiently and reduce the likelihood of misunderstandings and conflicts.
Two factors that could undermine Pulman’s high-performing teamwork IF the company decides to expand its business are:
Communication breakdown: As Pulman expands into three other cities in Pennsylvania, there is a risk that communication channels could break down, resulting in conflicts and misunderstandings within and between teams. This could lead to an increase in employee turnover rates and could damage the company's reputation.
Poor leadership: Another factor that could undermine Pulman’s high-performing teamwork is poor leadership. As the company expands, there is a risk that the leadership structure could become too top-heavy, making it difficult for employees to communicate with managers and supervisors. In addition, managers may not be familiar with the culture of the new locations, leading to a lack of understanding and conflict.
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Evaluating the of a control involves making an a asessmentof thethy management has planned and or organized the contros in amane theppoirs
The evaluation of a control system involves making an assessment of how well management has planned and organized the controls in a manner that supports their purpose.
A control system is a critical component of an organization's success. Control systems should be put in place to detect and prevent mistakes and fraudulent activity from occurring.
Control systems also ensure that resources are used efficiently and effectively. A control system should be tailored to the organization's size and complexity. The system should be designed to address the organization's particular needs and assessment .
Overall, effective control systems provide management with the necessary information to make informed decisions, enhance performance, and achieve the organization's goals.
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When Phil lists his house on his balance sheet, he should record its
A. insured value
B. replacement value
C. sale price
D. fair market value
D. Fair market value. Phil lists his house on his balance sheet, he should record its
When listing his house on the balance sheet, Phil should record its fair market value. Fair market value represents the price at which the property would be exchanged between a willing buyer and a willing seller in an open market, with both parties having reasonable knowledge of the relevant facts. Fair market value provides a more accurate representation of the house's worth on the balance sheet compared to other options such as insured value, replacement value, or sale price, as it reflects the current market conditions and the true value of the asset.
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Rogot instruments makes fine violins, violas, and cellos, It has $1.2 milion in debt outstanding, equify valued at $24 milison, and pays corporate income tax at rate 21%. Its cost of equity is 12% and its cost of debt is 8%. a. What is Rogot's pre-tax WACC? b. What is Rogot's (effective after-tax) WACC? a. What is Rogors pre-tax WACC? Rogots pre-tax WACC is \%. (Round to two decimal places.) b. What is Rogot's (elfective after-tax) WACC? Rogot's (effective afler-tax) WACC is \%. (Round to two decimal places.)
Rogot instruments' pre-tax WACC is 11.33% and Rogot's (effective after-tax) WACC is 10.62%.
a.)
Rogot's pre-tax WACC formula = E/V * Re + D/V * Rd * (1 - Tc)
Where,
E = Market value of the firm's equity
D = Market value of the firm's debt
V = Total market value of the firm's capital
Re = Cost of equity
Rd = Cost of debt
Tc = Corporate tax rate of the firm
Given values,
E = $24 million
D = $1.2 million
Re = 12%Rd = 8%
Tc = 21%
V = E + D = $24 million + $1.2 million = $25.2 million
Now, E/V = $24 million / $25.2 million = 0.9524D/V = $1.2 million / $25.2 million = 0.0476
Plugging the given values in the formula,
Rogot's pre-tax WACC = 0.9524 * 12% + 0.0476 * 8% = 11.33%
Thus, Rogot's pre-tax WACC is 11.33%.
b.)
Rogot's (effective after-tax) WACC formula = E/V * Re + D/V * Rd * (1 - Tc)
Where,
E = Market value of the firm's equity
D = Market value of the firm's debt
V = Total market value of the firm's capital
Re = Cost of equity
Rd = Cost of debt
Tc = Corporate tax rate of the firm
Given values,
E = $24 million
D = $1.2 million
Re = 12%Rd = 8%
Tc = 21%
V = E + D = $24 million + $1.2 million = $25.2 million
Now, E/V = $24 million / $25.2 million = 0.9524D/V = $1.2 million / $25.2 million = 0.0476
Plugging the given values in the formula,
Rogot's (effective after-tax) WACC = 0.9524 * 12% + 0.0476 * 8% * (1 - 21%)= 10.62%
Thus, Rogot's (effective after-tax) WACC is 10.62%
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hen is the effect of an increase in government spending on real GDP the highest in the short run? a. Steep SRAS, small expenditure multiplier b. Flat SRAS, small expenditure multiplier c. Steep SRAS, large expenditure multiplier d. Flat SRAS, large expenditure multiplier
The answer is the option c. Steep SRAS, large expenditure multiplier. When the economy is operating below full employment level of output, This is because the economy is experiencing an excess capacity in its labor force, capital stock, and other productive resources.
At this point, the aggregate supply curve is steep, and the expenditure multiplier is large.On the other hand, when the economy is operating at full employment level of output,
Therefore, the effect of an increase in government spending on the real GDP is the highest in the short run when the aggregate supply curve is steep, and the expenditure multiplier is large.The aggregate supply curve (SRAS) is the relationship between the price level and the level of output supplied by firms. The expenditure multiplier is the ratio of the change in real GDP to the change in autonomous expenditure.
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Suppose the Fed conducts an expansionary monetary policy. (Assume an economy with low inflation and a stable banking system). Illustrate graphically the effects of this expansionary monetary policy on
a. The market for federal funds
b. Investment spending
Expansionary monetary policy refers to a monetary policy that is used to stimulate the economy. This policy is used when the economy is operating below its potential level.
It involves the Federal serve increasing the money supply in the economy by reducing interest rates and buying government securities.The market for federal funds is impacted by expansionary monetary policyThe market for federal funds is the market where banks lend money to each other for short periods, typically overnight.
The interest rate charged on these loans is the federal funds rate. When the Federal Reserve conducts an expansionary monetary policy, it increases the money supply and lowers interest rates.The graph below shows how expansionary monetary policy affects the market for federal funds:B. Investment spending is impacted by expansionary monetary policy Investment spending is the amount that firms invest in the economy.
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You have $2,000 cash in your personal account and you decided to invest 1/4 of that amount into your business. What is your investment value and journal entry?
Select one:
a. debit Cash $500; credit Owner’s Capital $500
b. nothing to record
c. debit Cash $500; credit Investment $500
d. debit Cash $1,000; credit Owner’s Capital $1,000
e. debit Cash $1,500; credit Owner’s Capital $1,500
The journal entry and the investment value for this situation is - c. debit Cash $500; credit Investment $500.
How to find?The investment value and journal entry for the given scenario can be calculated as follows:
Given, cash in personal account = $2,000
Invest 1/4 of that amount into your business.
To calculate the investment value, we need to multiply 1/4 with the cash in personal account.
Therefore,
Investment value = 1/4 × $2,000
= $500
To record this transaction, we need to make the following journal entry:
Debit Investment $500
Credit Cash $500
So, the correct option is c. debit Cash $500; credit Investment $500.
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We know a car can be had for 60 monthly payments of
$399. The dealer has set us a nominal interest rate of 4.5%
compounded daily. What is the purchase price?
We know that a car can be had for 60 monthly payments of $399 and that the dealer has set us a nominal interest rate of 4.5% compounded daily. We can find the purchase price by using the present value formula.Present value formulaP = (A/i) * [1 - (1 + i)^(-n)]Where, P is the present value.
A is the annuity payment, i is the periodic interest rate, and n is the number of periods.Since we have monthly payments, we need to use the monthly interest rate and the number of periods in months.4.5% nominal annual rate compounded daily = 0.045 / 365 = 0.00012328767123 monthly rate60 months = 60 * 12 = 720 periodsP = ($399 / 0.00012328767123) * [1 - (1 + 0.00012328767123)^(-720)]P = $31,415.39 (rounded to the nearest cent)Therefore, the purchase price of the car is $31,415.39.
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On January 1, Boston Enterprises issues bonds that have a $1,450,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31 . The bonds are sold at par, 1. How much interest will the issuer pay (in cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the issuance of bonds on January 1 , (b) the first interest payment on June 30 , and (c) the second interest payment on December 31 . 3. Prepare the journal entry for issuance assuming the bonds are issued at (a)95 and (b)105, Complete this question by entering your answers in the tabs below. How much interest will the issuef pay (in cash) to the bondholders every six months?
The given bond-related information are as follows;
Par value = $1,450,000
Maturity = 20 years
Interest rate = 9%
Interest payments = Semi-annual
The interest payment on the bond is calculated as;
Interest payment = Par value × (Interest rate/2)
Interest payment = $1,450,000 × (9%/2) = $1,450,000 × 0.045 = $65,250
the interest that the issuer will pay (in cash) to the bondholders every six months is $65,250.Journal entries to record (a) the issuance of bonds on January 1;
(a) Issuance of Bonds on January 1 Accounts Debit Credit Cash $1,450,000Bonds Payable $1,450,000
First interest payment on June 30;
(b) First Interest Payment on June 30Accounts Debit Credit Interest Expense $65,250Cash $65,250
Second interest payment on December 31;
(c) Second Interest Payment on December 31 Accounts Debit Credit Interest Expense $65,250Cash $65,250
Journal entry for issuance assuming the bonds are issued at (a) 95;
(a) Issuance of Bonds assuming the bonds are issued at 95 Accounts Debit Credit Cash $1,377,500Bonds Payable $1,377,500Calculation of the Bonds Payable is as follows;
Bonds Payable = Par value × Issue price
Bonds Payable = $1,450,000 × 95%
Bonds Payable = $1,377,500
Journal entry for issuance assuming the bonds are issued at (b) 105;
(b) Issuance of Bonds assuming the bonds are issued at 105Accounts Debit Credit Cash $1,522,500Bonds Payable $1,522,500
Bonds Payable = Par value × Issue price
Bonds Payable = $1,450,000 × 105%
Bonds Payable = $1,522,500
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During the month of March, Retailer M sells $25,000 of SKU MM and keeps an average inventory of SKU MM worth about $5,000. How many times did Retailer M replenish SKU MM during March?
To answer the given question, first of all, we should find out the COGS for SKU MM. To find out the COGS (Cost of goods sold), we can use the following formula, COGS = Beginning Inventory + Purchases - Ending.
Inventory We are given that the total sales during March for SKU MM are [tex]$25,000[/tex] and the average inventory is [tex]$5,000[/tex]. We also know that during this time, no new inventory was added. Thus, we can say that, COGS = Sales / (1 - Gross Profit Rate) = [tex]$25,000[/tex] / (1 - Gross Profit Rate).
We know that Gross Profit = Sales - COGS. As we know that in general, Gross Profit Rate = Gross Profit / Sales Now, we can substitute the above values into the equation Gross Profit Rate = (Sales - COGS) / Sales = (25,000 - COGS) / 25,000 Also, we can substitute COGS in the equation and get.
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The company is a martial arts school based on Vancouver Island which operates under a partnership model, owned by two people, each with over 25 years of martial arts and business experience. The school operates in partnership with community centers (which provide facilities, marketing, and manage the registration process). The school does not have its own facility (and as a result the only real overhead is website hosting fees). The organization’s revenue (received from clients, and a portion ranging from 60-70% is paid to the school by the community centers) is based entirely on class registration numbers. The classes are usually 20-40 students each and are run out of the community center gym facilities. The organization’s revenue is approximately 150k per year and pays for the two partner’s salaries. Students register for the classes on a term by term basis and are charged approximately $10 per class.
The school has created a strong sense of community as all locations come together at belt testing time and the business model has worked well to minimize the number of teaching hours required to generate revenue as the classes have at least 20 participants per teaching hour and there are 13-15 teaching hours (classes) per week. Efforts to transition class instruction to other black belts has resulted in dropped registration. Much of the strength and success of the school relies on tge strenghth of two partners
During COVID-19 the school transitions to online classes exclusively. Registration dropped to about 50 students throughout the pandemic, and one of the partners decided to exit the business. The one remaining partner is looking to understand their options with how they should successfully move the school forward coming out of the pandemic.
Your Role
Your mission as an advisory team (or individual) is to come up with industry analysis, creative operations plan and evaluate solutions to address this challenge for the partners as they rely on this for their livelihood.
Industry analysisMartial arts schools have become increasingly popular over the years. It is a highly competitive industry that is constantly evolving with new practices, techniques and styles being introduced.
The global martial arts market was valued at around $3.3 billion in 2019, and it is expected to grow at a CAGR of 4.9% from 2020 to 2027. Despite the growth, the COVID-19 pandemic has severely impacted the industry. Many martial arts schools were forced to close their physical locations and shift to virtual classes.
Creative operations planThe remaining partner should consider the following creative operations plan to keep the business going and expand its reach:
1. Develop an online presence: The school should focus on creating an online presence by developing a website, social media profiles, and advertising online. This will help attract new students to the school.
2. Offer flexible payment options: Since the classes are term by term, the school can offer flexible payment options such as monthly payment plans or packages to attract more students.
3. Offer free trial classes: Offering free trial classes can be a good way to attract new students and encourage them to sign up for classes.
4. Develop an app: Developing an app for the school can be a great way to engage students and provide them with an easy way to register for classes, view schedules, and access instructional content.
5. Host virtual events: The school can host virtual events such as tournaments, workshops, and seminars to keep students engaged and build a sense of community.
6. Partner with other schools: Partnering with other martial arts schools can be a great way to expand the school's reach and offer students a wider range of classes.Evaluate solutionsThe following are the solutions that the remaining partner can evaluate to address the challenge of moving the school forward.
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