The statement that says Whirlpool's profit margin will increase is false. Whirlpool's profit margin is unlikely to increase as a result of the pound's value increase compared to the euro.
Whirlpool's profit margin is influenced by various factors, including the cost of production, transportation, and other costs.The rise in the value of the pound relative to the euro might be beneficial to the customers of Whirlpool who purchase their appliances from the UK market. If the pound rises in value relative to the euro, it will make the products cheaper for buyers of Whirlpool products based in the UK.
However, Whirlpool is more concerned with its revenue than the profit margin.In conclusion, it is incorrect to assume that Whirlpool's profit margin will increase if the pound's value increases relative to the euro. Instead, other factors, including production and shipping costs, and the demand for Whirlpool products, are more likely to influence the profit margins.
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A stock is expected to return 8% in a normal economy, 13% if the economy booms, and lose 3% if the economy moves into a recessionary period. Economists predict a 55% chance of a normal economy, a 15% chance of a boom, and a 30% chance of a recession. The expected return on the stock is
The stock has expected returns of 8% in a normal economy, 13% in a booming economy, and -3% in a recession.
The probabilities of each economic condition are 55% for normal, 15% for boom, and 30% for recession. The expected return on the stock needs to be calculated based on these probabilities.
To calculate the expected return on the stock, we need to multiply each possible return by its corresponding probability and sum up the results. Let's calculate it:
Expected Return = (Probability of Normal Economy * Return in Normal Economy) + (Probability of Boom * Return in Boom) + (Probability of Recession * Return in Recession)
Expected Return = (0.55 * 0.08) + (0.15 * 0.13) + (0.30 * (-0.03))
Expected Return = 0.044 + 0.0195 - 0.009
Expected Return = 0.0545 or 5.45%
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Why does the method in which a police officer conducts
themselves with the community he/she serves enhances like
likelihood in the overall success of the law enforcement
agency?
the way in which a police officer interacts with the community they serve has a direct impact on the success of the law enforcement agency.
Firstly, when police officers establish positive relationships and trust with the community, it fosters cooperation and collaboration. When community members trust the police and feel comfortable approaching them, they are more likely to report crimes, provide valuable information, and work together with law enforcement in addressing safety concerns. This cooperation leads to more effective crime prevention and resolution, ultimately improving the overall success of the law enforcement agency.
Secondly, community-oriented policing strategies emphasize the importance of partnerships between law enforcement and the community. By engaging in proactive and positive interactions with community members, police officers can gain a better understanding of the specific needs and concerns of the community. This knowledge allows law enforcement agencies to tailor their approaches and strategies to address the unique challenges and priorities of the community, increasing the likelihood of successful outcomes.
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which of the following are main issues of bonds? multiple choice u.s. treasury bonds municipal bonds all of these choices are correct. corporate bonds
Bonds are a fixed income investment, where an investor loans money to an entity, which borrows the funds for a defined period at a fixed interest rate.
The loan can be repaid at the end of the term along with the principal investment.Major issues of bonds are:Bond rating: Bond rating is a measure of the creditworthiness of a bond issuer and is used by investors to assess the probability of default. A bond with a low rating is considered more risky than a bond with a high rating, and investors may require a higher yield to compensate for the added risk.Interest rate risk: The risk that bond prices will fall when interest rates rise, and vice versa, is known as interest rate risk. As interest rates rise, the price of existing bonds falls in response to new, higher-yielding bonds being issued in the market. This can be harmful to an investor's total return, especially if they need to sell the bond before maturity.Credit risk: Credit risk refers to the risk that the issuer of a bond will default on its payments. Investors can assess credit risk by reviewing bond ratings issued by credit rating agencies, but these ratings are not a guarantee that the issuer will make all payments on time.Liquidity risk: Liquidity risk is the risk that an investor will be unable to sell a bond when they need to, or will have to sell it at a lower price than they paid for it, due to a lack of market demand for the bond. In some cases, investors may be unable to sell the bond at all.All of the above options, US treasury bonds, municipal bonds, and corporate bonds, are all types of bonds and are therefore all subject to the main issues of bonds mentioned above.
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Please Answer Below Questions
ServeU Company
website: serveu.ae
1. Services of Serveu Company (100 words)
2. Management Structure of company (200 words)
The Human Resources Manager ensures that the company's recruitment, selection, training, and development processes are well-managed.
1. Services of ServeU CompanyServeU is a facilities management and maintenance company located in the UAE. The company has been providing quality services for over a decade and has earned a reputation as a dependable service provider in the region. They specialize in providing a wide range of services such as commercial cleaning, pest control, HVAC maintenance, and security services. Their services can be divided into three broad categories, namely, Soft Services, Hard Services, and Specialist Services.Soft ServicesSoft Services refers to services that are necessary for the day-to-day operation of a building or facility. These services include cleaning, waste management, and landscaping. ServeU provides a wide range of soft services to its clients, including commercial cleaning, housekeeping, laundry and dry-cleaning, and waste management.Hard ServicesHard Services refers to services that are necessary to maintain the physical infrastructure of a building or facility. These services include HVAC maintenance, plumbing, electrical work, and mechanical maintenance. ServeU provides a wide range of hard services to its clients, including HVAC maintenance, electrical and plumbing services, carpentry and masonry, and fire and safety services.Specialist ServicesSpecialist Services refers to services that require specialized skills and equipment. These services include pest control, swimming pool maintenance, and security services. ServeU provides a wide range of specialist services to its clients, including pest control, swimming pool maintenance, and security services.2. Management Structure of the companyServeU has a well-organized management structure that ensures efficient and effective delivery of services to its clients. The company has a flat organizational structure with clear lines of communication. The following are the key management positions in the company:Managing DirectorThe Managing Director is responsible for the overall management of the company and is accountable to the Board of Directors. The Managing Director oversees the day-to-day operations of the company and ensures that the company's policies and strategies are implemented effectively and efficiently.Finance ManagerThe Finance Manager is responsible for managing the company's financial resources. The Finance Manager ensures that the company's financial operations are well-managed and that the company's financial position is sound. The Finance Manager is also responsible for budgeting, financial forecasting, and financial reporting.Human Resources ManagerThe Human Resources Manager is responsible for managing the company's human resources. The Human Resources Manager is also responsible for ensuring that the company's employees are motivated and engaged in their work.Operations ManagerThe Operations Manager is responsible for managing the company's operations. The Operations Manager ensures that the company's operations are well-managed and that the company's services are delivered efficiently and effectively. The Operations Manager is also responsible for ensuring that the company's operations comply with relevant regulations and standards.Quality ManagerThe Quality Manager is responsible for ensuring that the company's services are of a high quality. The Quality Manager ensures that the company's quality management system is well-implemented and that the company's services are delivered in a consistent and reliable manner. The Quality Manager is also responsible for ensuring that the company's services comply with relevant regulations and standards.
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during the job design phase, who decides specific job tasks?
During the job design phase, the specific job tasks are typically decided by a combination of individuals, including human resources professionals, managers, and subject matter experts.
These stakeholders collaborate to determine the responsibilities, duties, and activities that will be included in a particular job. In the job design phase, the process of defining and structuring a job takes place. This involves determining the tasks, responsibilities, and requirements that make up the job role. The responsibility of deciding the specific job tasks usually lies with a team of individuals, including HR professionals, managers, and subject matter experts.
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Use your knowledge of culture to identify what type of culture is being described by the quotation. Your coworker says, "I can see that you're upset with the decision I made about how to handle our dient. Do you mind having lunch together and working it out? O Passive-aggressive conflict culture Collaborative conflict culture O Culture of inclusion Select the term that best describes each situation. Use each term no more than once. Conflict culture Active conflict management norms Passive conflict management norms Agreeable conflict management norms Disagreeable conflict management norms Passive-aggressive conflict culture Dominating conflict culture Culture of inclusion Collaborative conflict culture Avoidant conflict culture If you want your employees to resolve conflict openly, what should you try to influence or create? If you want to improve your organization's retention of minority employees and improve these employees' performance, what should you try to influence? As a manager, you believe that the best way to run a team is to encourage open communication through heated, honest arguments. What type of culture should you try to create?
Collaborative conflict culture is being described by the quotation. Collaborative conflict culture refers to resolving a conflict by openly discussing the problem and making collective decisions.
Conflict can be expressed and handled openly with this form of conflict culture. In order to create a collaborative conflict culture, employees must have trust and respect for one another, as well as a willingness to work together towards a common goal. The management can provide employees with a safe environment in which to express their opinions, as well as provide training in conflict management and communication skills, among other things.If you want your employees to resolve conflict openly, you should try to influence or create a collaborative conflict culture within your organization. In such a culture, people are willing to discuss their conflicts openly and find a solution together. It is necessary for all members of the organization to be willing to communicate in a respectful manner. Members should also trust one another and be able to cooperate with one another.If you want to improve your organization's retention of minority employees and improve these employees' performance, you should try to influence a culture of inclusion within your organization. This involves creating an environment where everyone feels respected, valued, and welcomed, regardless of their race, gender, religion, or other demographic characteristics.
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As used in the hotel industry, what is another name for "ancillary revenue? a. Marketing-related revenue b. Meeting room revenue c Food and beverage revenue d. Non-room revenue As the first step in the hospitality business cycle, a hospitality operation uses its cash or credit reserves to :
a. produce finished goods b. generate accounts receivable c create profits d. purchase products for resale to guests The Hubbart formula is a bottom-up method for calculating a targeted ADR because to do so managers must prepare a. a manager's daily from the bottom up b. a balance sheet from the bottom up c. an income statement from the bottom up d. a statement of cash flows from the bottom up
Another name for "ancillary revenue" in the hotel industry is "non-room revenue" (option d).
The first step in the hospitality business cycle, where a hospitality operation uses its cash or credit reserves, is to "purchase products for resale to guests" (option d).
The Hubbart formula is a bottom-up method for calculating a targeted Average Daily Rate (ADR) because to do so, managers must prepare "an income statement from the bottom up" (option c).
Ancillary revenue refers to additional revenue streams generated by a hotel apart from the room rates. It includes revenue from various sources like food and beverage sales, meeting room rentals, spa services, parking fees, etc. The term "non-room revenue" is commonly used as another name for ancillary revenue.
In the hospitality business cycle, the initial step involves utilizing the cash or credit reserves of a hospitality operation. This is typically done by purchasing products that will be resold to guests. These products can include food and beverages, toiletries, amenities, souvenirs, and other items provided to enhance the guest experience.
The Hubbart formula is a method used to determine a targeted Average Daily Rate (ADR) for a hotel. The formula considers various factors such as operating costs, desired profit margin, and anticipated occupancy rate. To calculate the ADR using the Hubbart formula, managers need to prepare an income statement from the bottom up, taking into account all relevant expenses and revenue streams.
In summary, another name for "ancillary revenue" in the hotel industry is "non-room revenue." The first step in the hospitality business cycle involves using cash or credit reserves to purchase products for resale to guests. The Hubbart formula is a bottom-up method used to calculate a targeted ADR, and managers need to prepare an income statement from the bottom up to utilize this formula effectively.
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Suppose that nominal GDP was $9500000.00 in 2005 in Montgomery County Maryland. In 2015, nominal GDP was $11500000.00 in Montgomery County Maryland. The price level rose 2.00% between 2005 and 2015, and population growth was 4.25%. Calculate the following figures for Montgomery County Maryland between 2005 and 2015. Give all answers to two decimals. % a. Nominal GDP growth was See Hint Part 2 (0.5 point) b. Economic growth was See Hint Part 3 (0.5 point) c. Inflation was Part 4 (0.5 point) See Hint d. Real GDP growth was Part 5 (0.5 point) See Hint OF 120ESTIONS COMPLETED N 10 b. Economic growth was Part 3 (0.5 point) c. Inflation was Part 4 (0.5 point) d. Real GDP growth was Part 5 (0.5 point) e. Per capita GDP growth was Part 6 (0.5 point) Real per capita GDP growth was % %. See Hint See Hint See Hint See Hint
a. To calculate the nominal GDP growth, we subtract the initial nominal GDP from the final nominal GDP and divide it by the initial nominal GDP, then multiply by 100.
Nominal GDP growth = ((Final nominal GDP - Initial nominal GDP) / Initial nominal GDP) * 100
= (($11,500,000 - $9,500,000) / $9,500,000) * 100
= ( $2,000,000 / $9,500,000) * 100
= 21.05%
b. Economic growth can be calculated by adjusting the nominal GDP growth for inflation.
Economic growth = Nominal GDP growth - Inflation rate
= 21.05% - 2.00%
= 19.05%
c. The inflation rate is given as 2.00%.
d. Real GDP growth is calculated by subtracting the inflation rate from the nominal GDP growth.
Real GDP growth = Nominal GDP growth - Inflation rate
= 21.05% - 2.00%
= 19.05%
e. To calculate per capita GDP growth, we need to consider the population growth as well.
Per capita GDP growth = Real GDP growth - Population growth
= 19.05% - 4.25%
= 14.80%
Real per capita GDP growth = Per capita GDP growth - Inflation rate
= 14.80% - 2.00%
= 12.80%
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Ronnie received a monthly travel allowance of R3 800 per month, for the full year of assessment. During the current year of assessment, he travelled 16 200 kilometres for business purposes and a total of 40 000 kilometres for the current year of assessment. He spent R10 000 on Fuel, R3 000 on Maintenance, R5 000 on Insurance Premiums and R600 on License Fees. You can assume that the deemed cost per kilometre is correctly calculated to be R4.23 YOU ARE REQUIRED to calculate the Actual cost per kilometre.
To calculate the actual cost per kilometer, we need to determine the total expenses incurred for the business travel and divide it by the total distance traveled for business purposes.
Total expenses for business travel = Fuel + Maintenance + Insurance Premiums + License Fees = R10,000 + R3,000 + R5,000 + R600 = R18,600 Distance traveled for business purposes = 16,200 kilometers Actual cost per kilometer = Total expenses for business travel / Distance traveled for business purposes = R18,600 / 16,200 ≈ R1.1481 Therefore, the actual cost per kilometer is approximately R1.1481.
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The following unadjusted trial balance is for Wilson Construction Company at its June 30 current fiscal year-end. The credit balance of the Retained Earnings account was $98,000 on June 30 of the prio
The unadjusted trial balance for Wilson Construction Company shows a credit balance of $98,000 in the Retained Earnings account as of June 30 of the prior year-end.
The unadjusted trial balance is a statement that lists all the accounts and their balances before any adjustments are made. In this case, the trial balance for Wilson Construction Company at its June 30 current fiscal year-end shows that the Retained Earnings account has a credit balance of $98,000. The credit balance in the Retained Earnings account indicates that the company has accumulated net income over previous fiscal periods. Retained Earnings represents the cumulative profits or losses of the company that have been retained and reinvested in the business rather than distributed to shareholders as dividends.The information provided about the credit balance of $98,000 on June 30 of the prior year-end is important for financial analysis and decision-making. It allows stakeholders to assess the profitability and financial health of the company, as well as understand the amount of earnings that have been retained for future growth or distribution as dividends.
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a) With example, please discuss industry standards with impact toward the issue of sustainability within supply chain: • Environmental • Social • Economic. (15 marks) b) Analyse the potential advantages and disadvantages of the use of sustainability standards within the sourcing process. (10 marks)
Industry standards play a crucial role in promoting sustainability within the supply chain. These standards have significant impacts on the environmental, social, and economic aspects of the supply chain, ensuring responsible and ethical practices are followed.
How do industry standards influence sustainability in the supply chain?Environmental sustainability standards focus on reducing the ecological footprint of the supply chain. For example, the Forest Stewardship Council (FSC) certification ensures that timber and paper products come from responsibly managed forests. This standard helps prevent deforestation and promotes biodiversity conservation.
Social sustainability standards address the well-being of workers and communities involved in the supply chain. Fair Trade certification, for instance, guarantees fair wages, safe working conditions, and community development initiatives. By adhering to such standards, companies support the empowerment and rights of workers and promote social justice.
Economic sustainability standards aim to create long-term economic value while considering environmental and social impacts. One example is ISO 14001, an environmental management standard that helps organizations minimize resource consumption, waste generation, and pollution. By implementing these standards, businesses can improve efficiency, reduce costs, and enhance their reputation.
Sustainability standards offer several advantages in the sourcing process. They provide a framework for responsible decision-making, enabling businesses to align their practices with global sustainability goals. Standards also enhance transparency and traceability, allowing consumers to make informed choices. Furthermore, adopting sustainability standards can lead to improved brand reputation, increased customer loyalty, and access to new markets.
However, there are potential disadvantages to consider. Compliance with sustainability standards often requires additional investments, both in terms of time and resources. Small and medium-sized enterprises (SMEs) may face challenges in meeting the requirements due to limited capacities. Additionally, the proliferation of multiple sustainability standards can lead to confusion and fragmentation, making it difficult for businesses to navigate the landscape effectively.
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why would transformational leadership would help Theranos Inc.
for mid-level managers?
Transformational leadership is a powerful tool that can help mid-level managers to create a positive and productive work environment. By inspiring and motivating employees to achieve their full potential, transformational leaders can help companies to improve performance, increase innovation, and build strong relationships with employees and stakeholders
Transformational leadership is a style of leadership that inspires and motivates followers to achieve their full potential by creating a positive work environment. This leadership style focuses on the development of each individual, and emphasizes on the vision, mission, and values of the organization. For mid-level managers, transformational leadership can be extremely helpful in fostering creativity, innovation, and engagement among employees. This leadership style encourages employees to take ownership of their work and promotes a sense of purpose and belonging. Additionally, transformational leaders tend to lead by example, and are transparent, which can help build trust and credibility with employees. In the case of Theranos Inc., a transformational leadership style could help mid-level managers to create a culture of excellence and innovation, which could help the company to regain the trust of investors and stakeholders.
In conclusion,. For Theranos Inc. a transformational leadership style could be beneficial in creating a culture of excellence, and rebuilding trust and credibility with stakeholders.
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A company manufactures two wheeler passengers’ helmets. The initial stock on hand is 5000 units. The carrying cost is Rs. 2 per helmet per week and the lead time is two weeks. The ordering cost per order is Rs. 5000. The MPS of the final requirements is shown below. Develop a Material Requirement Plan (MRP I) by using EOQ method and determine the total inventory cost for the same.
The total inventory cost is Rs. 10, 000. MRP (Material Requirement Planning) is a technique of preparing a product manufacturing schedule, outlining the parts and materials necessary for product production and the timing of that production. It entails estimating how much product is needed, when it is required, and in what quantities.
The manufacturing process must always be ready for orders and be equipped with sufficient raw materials for this reason. The EOQ (Economic Order Quantity) method, on the other hand, is a stock management technique that is used to determine the optimum order quantity for stock items. It is based on the principle that inventory-related costs should be kept to a minimum while stock items are available when required for production and sales.
A Material Requirement Plan (MRP) can be developed by utilizing the EOQ method. Here is how you can determine the total inventory cost for the same:Q = √(2SD/CC)EOQ = √(2SD/CC) = √(2 x 20000 x 5000/2) = √(20000000/2) = √10000000 = 3162 units.Cost of the unit = Rs. 2.Ordering cost = Rs. 5000.Carrying cost = Rs. 2 per unit per week.Lead time = 2 weeks.MPS =3000; 2000; 4000; 3500; 5000; 6000; 4000; 2500Week(1); (2); (3); (4); (5); (6); (7); (8)Product DemandLot Size (Order Quantity)Planned Order ReceiptsPlanned Order ReleasePlanned
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when playing games for real money, how do most people respond?
When playing games for real money, how people respond is subjective, and there are many ways people respond. People may respond differently depending on several factors, such as their personality, the amount of money involved, and the game they are playing.
Some people may be cautious and decide to play it safe when it comes to betting. Such people are risk-averse and understand that gambling is risky. They may choose to bet small amounts and reduce their overall risk. On the other hand, other people may be more aggressive and choose to bet large amounts of money. Such people believe that betting large amounts of money increases their chances of winning big. However, betting big can be risky and may lead to huge losses.
People's behavior may also depend on the game they are playing. For example, if someone is playing a game of skill like poker, they may choose to be more aggressive in their betting. This is because they feel that they can control the outcome of the game and thus increase their chances of winning. However, in games of chance, such as slots, people may choose to be more cautious, since they have little control over the outcome.
In conclusion, how people respond when playing games for real money is subjective. It varies from person to person, depending on various factors such as personality, amount of money involved, and the type of game they are playing.
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what is purpose of using ichimoku cloud indicator ? explain
well
The Ichimoku Cloud is a popular technical analysis indicator that uses multiple lines to help traders identify trend direction, momentum, and potential areas of support and resistance.
It is commonly used to make trade decisions in the forex market, but it can be used in other markets as well.What is the purpose of using Ichimoku cloud indicator?The purpose of using the Ichimoku Cloud Indicator is to help traders identify the trend direction, momentum, and potential areas of support and resistance. It is a popular technical analysis tool that uses multiple lines to help traders analyze market conditions and make trading decisions.Some of the lines that are used in the Ichimoku Cloud include: Tenkan-sen: This is the conversion line, which is calculated by taking the average of the highest high and lowest low over the past nine periods.Kijun-sen: This is the base line, which is calculated by taking the average of the highest high and lowest low over the past 26 periods.Chikou Span: This is the lagging line, which is plotted 26 periods in the past to help traders identify potential areas of support and resistance.Senkou Span A and Senkou Span B: These are the two boundaries of the Ichimoku Cloud, which are calculated by taking the average of the Tenkan-sen and Kijun-sen, and then plotting them 26 periods ahead for Senkou Span A and 52 periods ahead for Senkou Span B.Traders use the Ichimoku Cloud to identify trend direction and momentum, as well as potential areas of support and resistance. For example, if the price is above the Ichimoku Cloud, it is considered bullish, and if it is below the Ichimoku Cloud, it is considered bearish. Additionally, traders may look for price to bounce off of one of the lines in the Ichimoku Cloud to identify potential areas of support or resistance.
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anwer only
If the Federal Reserve wanted to expand the supply of money to head off a recession, it should: O decrease the reserve requirements. O lower taxes. O sell U.S. securities in the open market. O increas
If the Federal Reserve wanted to expand the supply of money to head off a recession, it should decrease the reserve requirements option A is correct answer.
The Federal Reserve is the central banking system of the United States. Its main objectives are to promote stable prices, maximize employment, and ensure the stability of the financial system. The Federal Reserve has the authority to conduct monetary policy, regulate and supervise banks, provide financial services, and maintain the stability of the payment systems. It plays a crucial role in influencing interest rates, controlling the money supply, and managing the overall stability of the economy.
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ou have just made your first $4,500 contribution to your individual retirement account. assume you earn an annual return of 11.3 percent and make no additional contributions.
The future value of an individual retirement account with an annual return of 11.3% and $4,500 in contribution t is $23,201.22.
. A contribution of $4,500 with an 11.3 percent annual return would have a future value of $23,201.22, assuming no additional contributions.Step-by-step explanation:To begin the solution, we will apply the future value formula:Future value = Present value x (1 + rate of interest)ⁿThe given information in the question is the contribution amount $4,500. Thus, the present value of the investment is $4,500.Let us now look at the annual rate of return which is 11.3%. It is important to note that the rate of interest must be in decimal form to use in the formula. Thus, we convert 11.3% into a decimal by dividing it by 100.11.3/100 = 0.113Let us now look at the number of years for which the investment will grow. The question mentions no additional contributions.
Thus, we can assume that the contribution of $4,500 remains in the account for the long-term. The duration for this growth is not mentioned, and hence we can assume that the duration can be n years. Therefore, the future value of the investment will depend on the duration for which the investment remains in the account.Thus, the formula for future value of the investment is:Future value = Present value x (1 + rate of interest)ⁿFV = $4,500 x (1 + 0.113)ⁿWe can now calculate the future value of the investment. We have the present value of $4,500 and the rate of interest in decimal form which is 0.113. To calculate the duration for which the investment remains in the account, we can assume different time periods like 5 years, 10 years, 15 years, and so on. The duration is represented as ‘n’ years.Let us now calculate the future value of the investment for n = 10 years.FV = $4,500 x (1 + 0.113)¹⁰FV = $4,500 x (1.113)¹⁰FV = $23,201.22Therefore, the future value of the investment for n= 10 years is $23,201.22.
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Which of the following best describes accruals?
A. The payments made to suppliers for materials. B. The amount due in an accounting period which is unpaid. C. A payment made in advance of the accounting period to which it relates. D. An amount shown on the income statement to cover overheads.
Accruals refer to the amount due in an accounting period that is unpaid. This best describes option B. Accruals represent expenses that have been incurred but not yet paid or revenues that have been earned but not yet received.
Accruals are an essential concept in accounting and represent the recognition of expenses or revenues before the associated cash transactions occur. Option B, "The amount due in an accounting period which is unpaid," accurately describes accruals.
Accruals occur when expenses have been incurred or revenues have been earned but have not yet been recorded as cash transactions. They are necessary to adhere to the accrual accounting principle, which states that financial transactions should be recognized when they occur, regardless of the timing of cash flows.
Accruals help provide a more accurate representation of a company's financial position and performance by matching expenses with the revenues they generate in a particular accounting period.
Accruals are typically recorded as adjusting entries at the end of an accounting period to ensure that financial statements reflect the economic reality of the business. They help prevent distortions in financial reporting and provide a more comprehensive view of a company's financial activities.
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CORPORATE GOVERNANCE DEFINED The arguments for each of these alternatives are tenable but the nature and culture of the resultant board would be very different in each case, varying from a closely-knit team devoted to sound corporate governance (both performance and conformance) to a sort of adversarial parliament. Which is desirable is a philosophical issue hinging on what we expect companies to be and to do. 1 A classic case study Case study 2 The Sunbeam Corporation In 1996, Sunbeam, a US appliance manufacturer, was in serious financial trouble. Al Dunlap, known as Chainsaw Al' for his approach to cutting staff, was appointed to save the company. Over the next two years, the business reported dramatically improved results. Investors chased after the shares as the price rocketed. There was talk of a bid, which would make the investors, and particularly Dunlap and his colleagues, a lot of money. But no bid came. By 1998, some outside directors were uneasy and launched an inquiry. They did not like what they found and Mr Dunlap was fired. The SEC subsequently charged him, other senior executives, and the audit partner at Arthur Andersen, who had approved the accounts, with fraud. The SEC alleged that, d massive previous losses, which he wrote off, giving him a 'cookie on his arrival, Mr Dunlap identi jar' to dip into to inflate subsequent results. Then he shipped out more goods through his distribution channels than they could possibly sell, taking credit for the revenues, but pushing forward the problem to the next financial year. Returned goods were overlooked. Other efforts were made to boost sales artificially record numbers of outdoor barbecues were reported sold during the winter months. In 2001, Andersen agreed to pay US$110 million to the Sunbeam shareholders in settlement of a lawsuit alleging that the auditors had failed to identify the problem. Discussion questions 1. Directors have a fiduciary duty to protect the interests of shareholders. In this case, they apparently failed. Why? 2. When good results were posted and there was talk of a bid, the share price rocketed. But some of the independent outside directors were uneasy and launched an inquiry, which discovered a disastrous situation. How could this have been avoided? 3. Can directors rely on the report of the independent outside auditors? References and further reading Clarke, T. (2004 Theories of Corporate Governance Colley John L. et al (2005) What is Corporate Governance? McGraw Hill, New York Routledge London and New York. Colley Inhne al 2003) Corporate Governance? Davies, Adrian (1999) A Strategic Approach to Corporate Governance Gower, London. himy York. 51
Sunbeam's case has demonstrated that directors cannot rely solely on outside auditors. The board should take an active role in overseeing the accounting function and ensuring that appropriate controls and procedures are in place. The board should have taken the necessary steps to investigate the allegations made against Mr. Dunlap, who had a reputation for aggressive accounting practices.
Corporate Governance Defined Corporate Governance is a framework of rules, policies, systems, and procedures by which a company is directed and controlled. It deals with the power relations among management, board of directors, and external stakeholders. This framework provides a means for attaining a company's objectives, confirming that the company's structure is consistent with its objectives, developing means of managing risks, and evaluating performance.The Sunbeam CorporationIn 1996, Sunbeam, a US appliance manufacturer, was in serious financial trouble. Al Dunlap, known as Chainsaw Al' for his approach to cutting staff, was appointed to save the company. Over the next two years, the business reported dramatically improved results. Investors chased after the shares as the price rocketed. There was talk of a bid, which would make the investors, and particularly Dunlap and his colleagues, a lot of money. But no bid came.By 1998, some outside directors were uneasy and launched an inquiry. They did not like what they found, and Mr. Dunlap was fired. The SEC subsequently charged him, other senior executives, and the audit partner at Arthur Andersen, who had approved the accounts, with fraud. The SEC alleged that, after massive previous losses, which he wrote off, giving him a 'cookie jar' to dip into to inflate subsequent results, Mr. Dunlap identified returned goods that he had overlooked, made other efforts to artificially boost sales, and reported record numbers of outdoor barbecues sold during the winter months. In 2001, Andersen agreed to pay US$110 million to the Sunbeam shareholders in settlement of a lawsuit alleging that the auditors had failed to identify the problem.Discussion questions1. Directors have a fiduciary duty to protect the interests of shareholders. In this case, they apparently failed. Why?Ans: The board failed in the Sunbeam case. The board of Sunbeam comprised Al Dunlap, the CEO, his colleagues, and two outside directors who worked at investment banks. These two directors had no industry experience and were unlikely to provide any balanced perspective. The Sunbeam board did not have the necessary committees to fulfill its functions, did not have a lead director, and did not have a clear CEO/Chairman distinction.2. When good results were posted, and there was talk of a bid, the share price rocketed. But some of the independent outside directors were uneasy and launched an inquiry, which discovered a disastrous situation. How could this have been avoided?Ans: An effective board could have avoided the situation. The board should have had an active audit committee, compensation committee, and nominating and governance committee, which could have conducted background checks on directors and regularly reviewed the company's performance, provided the board with industry-specific advice, and provided a means of receiving feedback from shareholders.3. Can directors rely on the report of the independent outside auditors.
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A capitalized cost was computed to be $600,000. The structure includes some additional expenses of
$35,000 at the BEGINNING of each year for the next 15 years, a renewal cost of $100,000 would occur
in which the expected life of the structure is 5 years to begin at the end of 10 years. Another cost to
consider starting at the end of the 10 th year for 20 years, is expected amounting to $5,000. If interest
rate is 8% per year, determine the perpetual maintenance of the structure.
The perpetual maintenance cost of the structure can be determined using the given information. The expected cost of $5,000 per year for 20 years starting from the end of the 10th year needs to be discounted.
To calculate the perpetual maintenance cost of the structure, we need to consider the additional expenses and the expected life of the structure. The capitalized cost of $600,000 represents the initial investment in the structure. The additional expenses of $35,000 at the beginning of each year for the next 15 years should be accounted for by discounting them to their present value using the interest rate of 8%.
Next, we consider the renewal cost of $100,000 that occurs at the end of 10 years. Since the expected life of the structure is 5 years starting from the end of 10 years, we can discount this cost as well. Finally, the expected cost of $5,000 per year for 20 years starting from the end of the 10th year needs to be discounted.
By calculating the present value of all these costs and adding them up, we can determine the total maintenance cost of the structure. This total cost represents the perpetual maintenance cost, taking into account the initial investment and all future expenses adjusted for the interest rate.
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A project that costs $22,000 today will generate cash flows of $10,000 next year; $12,000 the second year; and $13,000 the third year What is the project's payback period? A) 3.00 years B) 2.00 years C) .37 years D) 3.07 years E) 2.17 years
The project's payback period is 2.17 years (Option E).
The payback period is a financial metric used to determine the length of time required to recover the initial investment in a project. It calculates the time it takes for the cumulative cash flows generated by the project to equal or exceed the initial investment.
In this case, the project costs $22,000 today and generates cash flows of $10,000 in the first year, $12,000 in the second year, and $13,000 in the third year. By adding the cash flows cumulatively, we find that it takes approximately 2.17 years for the cumulative cash flows to reach or exceed the initial investment of $22,000. Therefore, the correct option is E, 2.17 years.
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According to the principles of lean production, all
inventory must be eliminated. So do we need inventory
control?
I need references too.
Thank you
According to lean manufacturing principles, inventory control is a critical element in ensuring efficient and effective production. However, to ensure that inventory is managed efficiently and effectively, it is critical to establish an effective inventory management system. The process of inventory control requires a complete understanding of the inventory, its movement, and the time required to move it.
According to the principles of lean production, all inventory must be eliminated. Eliminating inventory enables a company to produce in smaller batches, which can be completed quickly and efficiently, resulting in lower production costs. It also aids in the identification of problems in the production process. Inventory management is critical because it helps to guarantee that the correct quantity of materials is available when production is required. It also helps to maintain the supply chain running smoothly. Inventory management is essential in order to have a complete understanding of what is in stock, where it is located, and how quickly it is being utilised. In the production of lean manufacturing, inventory control is critical. Inventory control refers to the process of ensuring that the inventory is managed and organised efficiently. Inventory management systems are an excellent method to maintain an up-to-date record of what is available, as well as to track how frequently items are used and how quickly they are being used. It is the process of managing inventory levels and ensuring that they are maintained at the optimal level to ensure that the organisation can meet its demand and customers’ requirements. The purpose of inventory control is to ensure that the right quantity of inventory is in the right location, at the right time, and at the lowest possible cost for the Organisation.
References: Lean.org. (2021). Lean Manufacturing Principles. Retrieved 26 May 2021, from https://www.lean.org/lexicon/lean-manufacturing/Marina Terzi, Ε. (2016). The importance of inventory management in lean manufacturing. International Journal of Industrial Engineering and Management, 7(1), 1–11. https://doi.org/10.24867/IJIEM-2016-01-01Brainly.com. (2021). Homepage. [online] Available at: https://brainly.com/ [Accessed 26 May 2021].
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I want 2 full page to talking about
COMMON ISSUES AT THE
WORKPLACE
Workplaces have their fair share of common issues that can be detrimental to productivity, employees’ morale, and even lead to legal problems. This essay will highlight some of the most common workplace issues.
One of the most common workplace issues is communication. Poor communication can lead to misunderstandings, project delays, and even conflict. Communication problems can be due to language barriers, a lack of clarity, or even cultural differences. Organizations need to prioritize communication by fostering an open-door policy, organizing team-building events, and providing training.
Another issue is discrimination. Discrimination occurs when employees are treated unfairly due to their race, gender, age, religion, or sexual orientation. It is important for organizations to establish a zero-tolerance policy on discrimination. This can be achieved by creating a safe and inclusive work environment where every employee is treated with respect.
Another issue that affects the workplace is harassment. Sexual harassment, bullying, and verbal abuse are common examples of harassment in the workplace. Employers have a responsibility to protect their employees from harassment. This can be done by providing training and setting up procedures for reporting and addressing harassment complaints.
Poor management can also affect the workplace. A bad manager can demotivate employees, reduce productivity, and cause high turnover rates. Organizations should focus on promoting managers based on merit and leadership qualities, as well as providing training to improve their managerial skills.
In conclusion, communication, discrimination, harassment, and poor management are some of the most common workplace issues. Employers should make a conscious effort to prevent these issues by fostering a positive work environment, providing training, and setting up procedures to address complaints. Addressing these issues can improve productivity, enhance employees’ morale, and reduce the likelihood of legal problems.
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The company depreciates motor vehicles on a straight-line basis.
Their expected useful life is six years.Each motor vehicle has a residual value of $5000.
For tax purposes, the motor vehicles depreciate at 20% per annum on a straight-line basis.
Accounting profit before tax (PBT) for the years 2015 to 2020 is $60000 per annum.
The tax rate is 12.5%.
Required
a. Calculations of current and deferred tax (5 marks)
b. Related figures to be included in the financial statements for the years 2015 to 2020 (5 marks)
a) Deferred tax liability = (Tax depreciation charge - Annual depreciation charge) x Tax rate = ($6,000 - $4,166.67) x 12.5% = $229.17
b) Balance sheet:
Deferred tax liability = $229.17 (to be carried forward from the previous year)
a. Calculation of current and deferred tax:
Year 2015:
Depreciation calculation:
Cost of motor vehicle = $30,000
Residual value = $5,000
Depreciable amount = Cost - Residual Value = $25,000
Annual depreciation charge = Depreciable amount / Useful life = $4,166.67
Tax depreciation rate = 20%
Tax depreciation charge = Cost x Tax depreciation rate = $30,000 x 20% = $6,000
Accounting profit before tax = $60,000
Taxable profit = Accounting profit before tax - Tax depreciation charge = $60,000 - $6,000 = $54,000
Current tax liability = Taxable profit x Tax rate = $54,000 x 12.5% = $6,750
Deferred tax liability = (Tax depreciation charge - Annual depreciation charge) x Tax rate = ($6,000 - $4,166.67) x 12.5% = $229.17
Year 2016 to 2020:
The same calculations can be applied to each year as follows:
Accounting profit before tax = $60,000
Taxable profit = Accounting profit before tax - Tax depreciation charge = $60,000 - $6,000 = $54,000
Current tax liability = Taxable profit x Tax rate = $54,000 x 12.5% = $6,750
Deferred tax liability = (Tax depreciation charge - Annual depreciation charge) x Tax rate = ($6,000 - $4,166.67) x 12.5% = $229.17
b. Related figures to be included in the financial statements for the years 2015 to 2020:
Year 2015:
Income statement:
Profit before tax = $60,000
Tax expense:
Current tax = $6,750
Deferred tax = $229.17 Net profit after tax = $52,020.83
Balance sheet:
Deferred tax liability = $229.17
Year 2016 to 2020:
Income statement:
Profit before tax = $60,000
Tax expense:
Current tax = $6,750
Deferred tax = $229.17 Net profit after tax = $52,020.83
Balance sheet:
Deferred tax liability = $229.17 (to be carried forward from the previous year)
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The current level of Standard & Poor's index is 4,438. The prospective dividend yield is 2%, and the interest rate is 4%. What is the value of a one-year futures contract on the index?
The value of a one-year futures contract on the S&P 500 index is $1,146,940.
Standard & Poor's 500 (S&P 500) is a stock market index that represents 500 large companies. It's used to track the performance of the US stock market. The price of a futures contract on the S&P 500 index is determined by calculating the expected future value of the index.
The expected future value of the index is calculated as:
Expected future value of index = Current index value * (1 + Interest rate) / (1 + Dividend yield)
The current level of the S&P 500 index is 4,438. The prospective dividend yield is 2%, and the interest rate is 4%.
Therefore, the expected future value of the index can be calculated as follows:
Expected future value of index = 4,438 * (1 + 0.04) / (1 + 0.02)Expected future value of index = 4,587.76The value of a one-year futures contract on the index can be calculated by multiplying the expected future value of the index by the futures price multiplier.
The futures price multiplier is a constant that represents the value of one point of the index. For example, if the multiplier is 50, then a one-point move in the index is worth $50.
The futures price multiplier for the S&P 500 index is 250. Therefore, the value of a one-year futures contract on the index can be calculated as follows:
Value of futures contract = Expected future value of index * Futures price multiplier
Value of futures contract = 4,587.76 * 250
Value of futures contract = $1,146,940
The value of a one-year futures contract on the S&P 500 index is $1,146,940.
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Put yourself in the position of the vice-president of Genexis and structure the debate on how to approach the primary issue he is facing, namely, how they are going to get cooperation from all the supply chain participants.
2. Analyze the general supply chain management issue: do you think Genexis could manage to launch successful initiatives to perform in other market segments, such as the confectionery industry, which have a similar structure? What kind of problems do you foresee with the broadening of their services in this way?
3. What major competencies should Genexis maintain and develop to grow in its current market? What strategic alliances, if any, should Genexis create to establish its VAN or service supply network?
As the vice-president of Genexis, my primary issue is how to get cooperation from all the supply chain participants. The debate should be structured around identifying the key issues that are preventing cooperation and finding ways to address them.
One way to approach this issue is to establish better communication channels with all the participants. By doing this, we can identify the needs and concerns of all the parties involved and address them accordingly. We can also offer incentives to encourage participation in the supply chain network, such as discounts for suppliers who agree to provide their products through our VAN.Analyzing the general supply chain management issue, it is possible for Genexis to launch successful initiatives to perform in other market segments, such as the confectionery industry, which have a similar structure. However, there are several potential problems that we may face when broadening our services in this way, including increased competition, supply chain disruptions, and the need to develop new capabilities.Major competencies that Genexis should maintain and develop to grow in its current market include efficient supply chain management, effective communication with suppliers and customers, and strong data analytics capabilities. To establish our VAN or service supply network, we should consider forming strategic alliances with other companies in the industry that share our vision and values. These alliances could help us to expand our reach and develop new capabilities, while also enhancing our reputation and credibility in the market.
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Intro There are 10,000 mutual fund managers. 22 claim that they are the best, since their fund beat the relevant index every year for 7 years. However, you think that markets are efficient and that the average fund manager is as likely to deliver a better performance than the index as to underperform the index, before fees. What is the probability that the average single fund managers beats the index 7 years in a row (before fees)?. How many fund managers would you expect to beat the index 7 years in a row if only luck and no skill was involved? No decimals Submit
If we assume that the average fund manager has a 50% chance of beating the index in any given year (due to market efficiency), we can calculate the probability of beating the index for seven consecutive years using the binomial probability formula.
The binomial probability formula is given by:
P(X = k) = C(n, k) * p^k * (1 - p)^(n - k)
Where:
P(X = k) is the probability of getting exactly k successes,
C(n, k) is the number of combinations of n items taken k at a time,
p is the probability of success in one trial,
n is the number of trials.
In this case, k = 7, p = 0.5, and n = 7.
Plugging in the values:
P(X = 7) = C(7, 7) * 0.5^7 * (1 - 0.5)^(7 - 7)
C(7, 7) = 1 (since there is only one way to choose all 7 successes)
P(X = 7) = 1 * 0.5^7 * (1 - 0.5)^(7 - 7)
P(X = 7) = 0.5^7 * 0.5^0
P(X = 7) = 0.5^7
P(X = 7) = 0.0078125
Therefore, the probability that an average single fund manager beats the index for seven years in a row (before fees) is 0.0078125 or 0.78125%.
If we assume that luck and no skill are involved, each fund manager has the same 0.78125% chance of beating the index for seven years in a row. Therefore, if there are 10,000 fund managers, we can expect approximately:
Expected number of fund managers beating the index = 0.78125% * 10,000
Expected number of fund managers beating the index = 78.125
Since we cannot have a fraction of a fund manager, we would expect zero fund managers to beat the index for seven years in a row if only luck and no skill were involved.
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Please try to answer using less then 500 words. Briefly describe the aim of a competitive strategy.Outline the differences between a red ocean strategy and a blue ocean strategy and explain the limitations of the latter. Reflect about the challenges for a firm switching to a hybrid strategy in general and under the condition of a high bargaining adopting such a competitive strategy.
The aim of a competitive strategy is to establish a sustainable advantage over competitors within a particular market or industry. It involves making strategic choices regarding the allocation of resources, differentiation from competitors, and the overall positioning of the business.
A red ocean strategy refers to a competitive approach where firms operate within existing market spaces, competing fiercely for market share. In this strategy, the focus is on outperforming rivals by capturing a larger portion of the existing demand. On the other hand, a blue ocean strategy involves creating new market spaces or industries, where competition is limited or non-existent. The aim is to make competition irrelevant by offering innovative products or services that attract new customers.
While a blue ocean strategy can be appealing due to the potential for high growth and reduced competition, it does have limitations. First, identifying and successfully entering a new market space can be challenging. Second, the creation of a blue ocean requires substantial innovation and creativity, which may be difficult for some firms to achieve. Lastly, even if a blue ocean is successfully created, it may not remain uncontested for long, as competitors may imitate or adapt to the new market space.
Switching to a hybrid strategy, combining elements of both red and blue ocean strategies, can present challenges for firms. Firstly, it requires a clear understanding of the market dynamics and the ability to identify opportunities for differentiation and innovation. Secondly, implementing a hybrid strategy may require significant changes in organizational structure, processes, and culture, which can be disruptive and met with resistance. Additionally, firms pursuing a hybrid strategy may face challenges in effectively managing the trade-offs between cost leadership and differentiation.
Under conditions of high bargaining power, adopting a hybrid strategy can be particularly challenging. Firms with high bargaining power can exert influence over suppliers, customers, or other stakeholders in the value chain. However, pursuing a hybrid strategy may require collaboration and cooperation with these stakeholders, which can be difficult to achieve when there is a significant power asymmetry. Balancing the demands and interests of various stakeholders while maintaining a competitive position can be a complex task for firms adopting a hybrid strategy in a high bargaining environment.
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There are three industrial firms in Happy Valley. Firm A Initial Pollution Level Cost of Reducing Pollution by 1 Unit (Units) (Dollars) 30 20 40 30 20 10 The government wants to reduce pollution to 60
It is more cost-effective to allocate the remaining pollution reduction efforts to firm a until its pollution level reaches 30 - (30-20) = 20 units.
to reduce pollution to a level of 60 units, the government needs to determine the optimal allocation of pollution reduction efforts among the three industrial firms in happy valley. the table provided shows the initial pollution levels and the cost of reducing pollution by 1 unit for each firm.
let's consider the cost-effectiveness of pollution reduction for each firm:
firm a:- initial pollution level: 30 units
- cost of reducing pollution by 1 unit: $20
firm b:- initial pollution level: 40 units
- cost of reducing pollution by 1 unit: $30
firm c:- initial pollution level: 20 units
- cost of reducing pollution by 1 unit: $10
to minimize the overall cost of pollution reduction while achieving the target pollution level of 60 units, the government should allocate the pollution reduction efforts based on the margin costs of pollution reduction.
since firm c has the lowest cost of reducing pollution by 1 unit ($10), it would be the most cost-effective . the government can allocate pollution reduction efforts to firm c until its pollution level reaches 20 - (20-60) = 40 units.
next, we consider the remaining pollution reduction needed (60 - 40 = 20 units) and compare the costs of pollution reduction for firms a and b.
firm a has a cost of $20 for reducing pollution by 1 unit, while firm b has a cost of $30. after allocating pollution reduction efforts to firm c and firm a, the remaining pollution reduction needed is (20 - 20 = 0 units), indicating that the target pollution level of 60 units has been achieved.
in summary, to reduce pollution to a level of 60 units, the government should allocate the pollution reduction efforts as follows:- firm c: reduce pollution by 20 units
- firm a: reduce pollution by 10 units
this allocation minimizes the overall cost of pollution reduction while achieving the desired pollution target
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Rickson Ltd has just agreed to a long-term deal in which it will export products to Tawain. It needs funds to finance the production of the products that it will export. The products will be denominated in pounds. The prevailing UK long-term interest rate is 9 percent versus 3 percent in Taiwan. Assume that interest rate parity exists, and that Rickson believes that the international Fisher effect holds.
i. Should Rickson finance its production with yen and leave itself open to exchange rate risk? Explain.
ii. Should Rickson finance its production with yen and simultaneously engage in forward contracts to hedge its exposure to exchange rate risk?
iii. How could Rickson plc achieve low-cost financing while eliminating its exposure to exchange rate risk?
Rickson Ltd should finance its production with yen and simultaneously engage in forward contracts to hedge its exposure to exchange rate risk.
i. Financing production with yen and leaving itself open to exchange rate risk is not advisable for Rickson Ltd. Since the products will be denominated in pounds, any depreciation of the pound against the yen would increase the cost of production for Rickson, potentially leading to financial losses. It exposes the company to exchange rate volatility, which can negatively impact its profitability and financial stability. ii. Financing production with yen and simultaneously engaging in forward contracts to hedge exchange rate risk is a more prudent approach for Rickson Ltd. By using forward contracts, the company can lock in the exchange rate at which it will convert yen into pounds in the future. This allows Rickson to protect itself against potential currency fluctuations and ensures a predictable cost of production. It provides a certain level of stability and minimizes the risk associated with exchange rate movements.
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