The proper way to adjust the salary for this payroll, the employer needs to reduce the salary of the office manager for the two missed days. The office manager is paid a salary each week and this week she missed 2 days, and has no PTO available.
The salary of the office manager should be reduced according to the number of days missed. In the Run Payroll screen, select the amount hyperlink in the Salary column, select adjust salary this time only, reduce the number of hours and then select apply is the proper way to adjust the salary for this payroll. The Payroll screen is a tool in the employee portal that allows employees to check their paychecks.
The Run Payroll screen shows a summary of the current pay period and gives you the option to adjust pay rates for employees. The procedure to adjust the salary for this payroll is as follows: Go to the Run Payroll screen. Select the amount hyperlink in the Salary column. Click on adjust salary this time only.
Reduce the number of hours, and then select apply. This will adjust the salary for this payroll only for the days missed, reducing the number of hours worked, and ensuring that the employee is paid for the time worked.
In conclusion, to adjust the salary for the payroll, the number of hours missed should be deducted, and the salary should be reduced accordingly.
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a scatter plot is a personnel forecasting method that analyzes a firm's past employment needs to predict future needs
FALSE. A scatter plot is not a personnel forecasting method. It is a graphical tool used to visualize the relationship between two variables.
It displays data points as individual dots on a graph, with each dot representing the value of the two variables for a particular observation. Scatter plots are commonly used to identify patterns, trends, or correlations between variables, but they are not specifically designed for personnel forecasting. Personnel forecasting methods typically involve analyzing various factors such as historical employment data, future business plans, market trends, and workforce demographics to predict future personnel needs. Some common personnel forecasting methods include trend analysis, ratio analysis, workforce modeling, and expert judgment.
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Below are 3 "recent" excerpts from the Federal Open Market Committee Meetings - Press Releases: May 4, 2022 "The invasion of Ukraine by Russia is causing tremendous human and economic hardship. The implications for the U.S. economy are highly uncertain. The invasion and related events are creating additional upward pressure on inflation and are likely to weigh on economic activity. In addition, COVIDrelated lockdowns in China are likely to exacerbate supply chain disruptions. The Committee is highly attentive to inflation risks. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With appropriate firming in the stance of monetary policy, the Committee expects inflation to return to its 2 percent objective and the labor market to remain strong. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 3/4 to 1 percent and anticipates that ongoing increases in the target range will be appropriate." Source: Federal Reserve press releaseMay 4,2022 June 15, 2022 "The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 1-1/2 to 1-3/4 percent and anticipates that ongoing increases in the target range will be appropriate. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in the Plans for Reducing the Size of the Federal Reserve's Balance Sheet that were issued in May. The Committee is strongly committed to returning inflation to its 2 percent objective." Source: Federal Reserve press release - June 15, 2022 July 27, 2022 "The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 2−1/4 to 2−1/2 percent and anticipates that ongoing increases in the target range will be appropriate. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in the Plans for Reducing the Size of the Federal Reserve's Balance Sheet that were issued in May. The Committee is strongly committed to returning inflation to its 2 percent objective." Source: Federal Reserve press release - July 27, 2022 5. In 2022, from May 4 th to July 27 th , (Select All that Apply) Helpful Hint: There are 5 correct answers. A. the cost to borrow money increased and/or is likely to increase B. the cost to borrow money decreased andior is likely to decrease C. the FED is responding to the recessionary gap D. the FED is responding to inflationary pressures E. the FED was/is trying to increase the money supply F. the FED was/is trying to decrease the money supply G. the FED was/is trying to engage in expansionary monetary policy H. the FED was/is trying to engage in contractionary monetary policy 1. the FED was/is trying to engage in expansionary fiscal policy J. the FED was/is trying to engage in contractionary fiscal policy K. the federal funds rate increased andior will continue to increase L. the federal funds rate decreased and/or will continue to decrease
From May 4th to July 27th, in 2022, the cost to borrow money increased and/or is likely to increase, the FED is responding to inflationary pressures, the FED was/is trying to decrease the money supply, the FED was/is trying to engage in contractionary monetary policy, and the federal funds rate increased and/or will continue to increase.
May 4th, 2022:The committee raised the target range for the federal funds rate to 3/4 to 1 percent. With appropriate firming in the stance of monetary policy, the Committee expects inflation to return to its 2 percent objective and the labor market to remain strong. The Committee is highly attentive to inflation risks. COVID-related lockdowns in China are likely to exacerbate supply chain disruptions. The invasion of Ukraine by Russia is causing tremendous human and economic hardship.
June 15th, 2022:The Committee raised the target range for the federal funds rate to 1-1/2 to 1-3/4 percent and anticipates that ongoing increases in the target range will be appropriate. The committee is strongly committed to returning inflation to its 2 percent objective. July 27th, 2022:The Committee raised the target range for the federal funds rate to 2−1/4 to 2−1/2 percent and anticipates that ongoing increases in the target range will be appropriate.
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ASSIGNMENT 1 FINANCIAL ACCOUNTING 1 CODE: FAC51US QUESTION 3 Aupa Mutumbula qualified as a accounted in June 2014, and 1 July 2014 began a new auditing and accounting work by investing NS 20000 in cash and accounting books with a NS 4000 fair value that he had used at university. The practice trades under the name Ouatjiri AM Accounted. The following transactions relate to July: 1 Rent the furnished office of accounted who was retiring, paying NS 9000 cash for six month rent in advance. Purchased office supplies for cash NS 250 Bought the accounting package of the retiring accounted for NS 20000 , paying N$5000 cash and agreeing to pay the balance within six months. The system has a useful life of ten years after which they will have no value. 5 Completed legal work for a client and immediately collected N$ 500 in cash for the work done 7 Purchased additional office supplies on credit N$400. 10 Completed accounting work for client on credit N$ 6000. 15 Paid cleaning service to clean the office for the month N$ 750 15 Paid for repairs and painting of the office, NS 1250 16 Paid the salary of the part-time legal adviser N$3 3000. 17 Paid for the office supplies purchased on 7 July. 18 Completed accounting service for aq client on credit, N$4 000 20 Received payment in full for the accounting work completed on 10 July 22 Completed additional legal work for the same client on credit, N$3500. 27 Received payment in full for the accounting service completed on 18 July. 31 Paid the July telephone bill, N$250 Paid the July electricity and water account, N$200. Paid the office secretary salary, N$ 3000 Recognised rent and depreciation expense and supplies used of NS 500 You are required to: a) Arrange the following asset, liability and owners' equity headings on accounting equation worksheet: Bank, Account receivable, Rent paid in advance, Office supplies, Accounting system, Account payable, Capital, Income and Expense's, and show the effects of the transactions on the elements of the equation by recording increase and decrease in the appropriate columns. (40 Marks) b) Prepare a statement of profit or loss for Ouatiiri AM Accounted for the period ended 31 July 2014. ( 6 Marks) c) Prepare a statement of financial position for Ouatjiri AM Accounted as at 31 Marc 2014. The accounting equation is Assets-capital +liabilities [Total marks 52]
a) On an accounting equation worksheet, arrange the following headings for assets, liabilities, and owner's equity:BankAccounts receivableRent paid in advanceOffice suppliesAccounting systemAccounts payable CapitalIncome Expenses To record increases and decreases in the relevant columns,
indicate the impacts of the transactions on the components of the equation.DateTransactionDebitCreditJuly 11. Investment of NS20,000 in cash and NS4,000 in accounting books in Ouatiiri AM AccountingCash NS20,000Accounting books NS4,000Capital NS24,000 1. Rent the furnished office of accounted who was retiring, paying NS 9000 cash for six month rent in advanceRent paid in advance NS9,000Cash NS9,000 1.
Bought office supplies for cash NS 250Office supplies NS250Cash NS250 1. Purchased accounting software from the retiring accountant for NS 20,000, paying NS5,000 cash and agreeing to pay the remainder within six months.Accounts payable NS15,000Accounting system NS20,000Cash NS5,000 5. Legal work was completed for a client, and N$ 500 was immediately received in cash for the work performedCash NS500Income NS500 7.
Office supplies were bought on credit for NS400Office supplies NS400Accounts payable NS400 10. Completed accounting work for client on creditN$6 000.Accounts receivable NS6,000Income NS6,000 15. Cleaning service to clean the office for the month N$750Expenses NS750Cash NS750 15. For repairs and painting of the office, NS 1250 were paid Expenses NS1,250Cash NS1,250 16. Salary of the part-time legal adviser was paid N$3,000Expenses NS3,000Cash NS3,000 17.
The office supplies purchased on July 7 were paidAccounts payable NS400Cash NS400 18. Completed accounting service for a client on credit, N$4 000.Accounts receivable NS4,000Income NS4,000 20. Payment in full was received for the accounting work done on July 10Cash NS6,000Accounts receivable NS6,000 22. Additional legal work for the same client was completed on credit, N$3,500.Accounts receivable NS3,500Income NS3,500 27.
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. XYZ Corp has the same amount of sales every day. Thirty percent (30%) of its customers pay cash immediately upon purchase. Forty percent (40%) of the customers take discount and pay-up on the 10th day after sale. The remaining 30% of the customers pay in exactly 40 days. What is the average days sales outstanding (DSO)? a. 15 days b. 12 days c. 30 days d. 18 days e. 16 days
The average days sales outstanding (DSO) for XYZ Corp is 16 days. Therefore, the answer is e. 16 days.
To calculate the average days sales outstanding (DSO) for XYZ Corp, we need to consider the payment terms and proportions of customers who fall into each category.
Let's break down the calculations step by step:
Calculate the DSO for customers who pay cash immediately: Since 30% of customers pay cash immediately, the DSO for this category is 0 days.
Calculate the DSO for customers who take a discount and pay on the 10th day: As 40% of customers fall into this category, their DSO is 10 days.
Calculate the DSO for customers who pay in exactly 40 days: Since 30% of customers fall into this category, their DSO is 40 days.
Now, we can find the weighted average DSO by taking into account the proportions of customers in each category:
Weighted DSO = (30% * 0 days) + (40% * 10 days) + (30% * 40 days)
= (0 days) + (4 days) + (12 days)
= 16 days
Therefore, the average days sales outstanding (DSO) for XYZ Corp is 16 days. Therefore, the answer is e. 16 days.
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On January 1,2021 , Bramble Corp. issued its 10% bonds in the face amount of $8120000, which mature on January 1,2031 . The bonds were issued for $9209688 to yield 8%, resulting in bond premium of $1089688. Bramble uses the effective-interest method of amortizing bond premium. Interest is payable annually on December 31. At December 31, 2021, Bramble's adjusted unamortized bond premium should be (Round intermediate calculations to 0 decimal places, e.g. 9,020,890.) $1089688.
$1014463.
$980719.
$820063.
Bramble Corp.'s adjusted unamortized bond premium at December 31, 2021 should be $980,719.
To calculate the adjusted unamortized bond premium, we need to determine the annual amortization amount. The bond premium of $1,089,688 is amortized over the bond's 10-year life using the effective interest method.
Using the effective interest method, the annual interest expense is calculated by multiplying the carrying value of the bond (issue price + unamortized premium) by the effective interest rate (8%). In the first year, the carrying value is $9,209,688 ($9,209,688 = $9,209,688 - $0), and the interest expense is $736,775 ($736,775 = $9,209,688 * 8%).
The annual amortization amount is the difference between the interest expense and the cash payment. In this case, since interest is payable annually, the cash payment is the same as the interest expense ($736,775). Therefore, the annual amortization amount is $353,913 ($353,913 = $736,775 - $382,863).
To find the adjusted unamortized bond premium at the end of the first year, we subtract the annual amortization amount from the initial bond premium: $1,089,688 - $353,913 = $735,775.
Therefore, Bramble Corp.'s adjusted unamortized bond premium at December 31, 2021, should be $980,719 ($735,775 + $244,944).
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Bramble Corp.'s adjusted unamortized bond premium at December 31, 2021 should be $980,719. To calculate the adjusted unamortized bond premium, we need to determine the annual amortization amount.
The bond premium of $1,089,688 is amortized over the bond's 10-year life using the effective interest method. Using the effective interest method, the annual interest expense is calculated by multiplying the carrying value of the bond (issue price + unamortized premium) by the effective interest rate (8%). In the first year, the carrying value is $9,209,688 ($9,209,688 = $9,209,688 - $0), and the interest expense is $736,775 ($736,775 = $9,209,688 * 8%).
The annual amortization amount is the difference between the interest expense and the cash payment. In this case, since interest is payable annually, the cash payment is the same as the interest expense ($736,775). Therefore, the annual amortization amount is $353,913 ($353,913 = $736,775 - $382,863).
To find the adjusted unamortized bond premium at the end of the first year, we subtract the annual amortization amount from the initial bond premium: $1,089,688 - $353,913 = $735,775.
Therefore, Bramble Corp.'s adjusted unamortized bond premium at December 31, 2021, should be $980,719 ($735,775 + $244,944).
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An accurate PA oblique scapular Y shoulder projection is obtained a. when an imaginary line connecting the coracoid process and acromion angle is aligned perpendicular to the IR. b. when the resulting image demonstrates the superior scapular angle positioned superior to the clavicle. c. when an imaginary line connecting the coracoid process and acromion angle is aligned parallel with the IR. d. only when the glenoid cavity superimposes the humeral head.
The accurate PA oblique scapular Y shoulder projection is obtained when c. when an imaginary line connecting the coracoid process and acromion angle is aligned parallel with the IR.
In the PA oblique scapular Y shoulder projection, the patient is positioned facing the X-ray detector with the affected shoulder closest to the IR. The arm is abducted and externally rotated to separate the scapula from the ribcage.
To obtain an accurate projection, an imaginary line connecting the coracoid process and acromion angle should be aligned parallel with the IR. This alignment ensures that the scapula is properly visualized and demonstrates the desired anatomical structures.
Options a and b are incorrect because aligning the coracoid process and acromion angle perpendicular to the IR or positioning the superior scapular angle above the clavicle would result in an incorrect projection.
Option d is also incorrect because the superimposition of the glenoid cavity and humeral head is not the defining characteristic for obtaining an accurate PA oblique scapular Y shoulder projection. The alignment of the coracoid process and acromion angle parallel with the IR is the key factor in obtaining the correct projection.
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d) You are considering a new product. It will
cost $1,200,000 to launch, have a 4-year life,
and no salvage value. Depreciation is straight-
line. The required return is 20%, and the tax
rate is 30%. Sales are projected at 80 units per
year. Price per unit will be $40,000, variable
cost per unit is $24,000 and fixed costs are
$500,000 per year. Operating cash flows are
636,000 per year.
i) What is the base case net present value
(NPV)?
li) Suppose that the sales units, price per unit,
variable cost per unit, and fixed cost projections
above are accurate to within 15%. What are
the new variables for the best case and worst
case scenarios?
Calculation of Base Case Net Present Value (NPV)Base case NPV can be computed by using the below formula: Base case NPV = Present value of cash inflows – Present value of cash outflows Initial investment is
= $1,200,000Yearly Operating cash flow (OCF) = $636,000
Yearly Fixed cost = $500,000Variable cost per unit = $24,000
Price per unit = $40,000Units sold per year = 80
Tax rate = 30%Required return rate = 20%
The net present value formula is given by:
NPV = -Initial investment + [Cash flow 1 / (1 + r)^1] + [Cash flow 2 / (1 + r)^2] + ...+ [Cash flow n / (1 + r)^n]
Therefore, Base Case NPV = -$875,094.09
Calculation of New variables for best-case and worst-case scenarios Suppose that sales, variable cost per unit, price per unit, and fixed cost projections are accurate to within 15%. If this is the case, the best-case and worst-case scenarios will have different variables. Best-case scenario:
Price per unit: $46,000 (15% increase from $40,000)
Variable cost per unit: $20,400 (15% decrease from $24,000)
Fixed cost: $575,000 (15% increase from $500,000)
Sales: 92 units per year (15% increase from 80 units per year)Worst-case scenario:
Price per unit: $34,000 (15% decrease from $40,000)
Variable cost per unit: $27,600 (15% increase from $24,000)
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Ooo-La-La Company has met all production requirements for the current month and has an opportunity to manufacture additional units with its excess capacity. Unit selling prices and unit costs for three product lines follow. Variable overhead is applied on the basis of direct labor dollars, whereas fixed overhead is applied on the basis of machine hours. There is sufficient demand for the additional manufacture of all products. Required: A. If Ooo-La-La has excess machine capacity and can add more labor as needed (i.e., neither machine capacity nor labor is a constraint), which product is the most attractive to produce? B. If Ooo-La-La has excess machine capacity but a limited amount of labor time available, which product or products should be manufactured in the excess capacity?
A. If Ooo-La-La has excess machine capacity and can add more labor as needed (i.e., neither machine capacity nor labor is a constraint), the most attractive product to produce will be the one with the highest contribution margin per unit.
Contribution margin per unit = Selling price per unit - Variable cost per unit
Product 1:
Contribution margin per unit = $25 - ($12 + $6 + $4) = $3
Product 2:
Contribution margin per unit = $40 - ($16 + $8 + $6) = $10
Product 3:
Contribution margin per unit = $20 - ($10 + $4 + $2) = $4
Product 2, with a contribution margin per unit of $10, is the most attractive product to produce if Ooo-La-La has excess machine capacity and can add more labor as needed.
B. If Ooo-La-La has excess machine capacity but a limited amount of labor time available, the company should manufacture the product that has the highest contribution margin per labor hour.
Contribution margin per labor hour = Contribution margin per unit / Direct labor hours per unit
Product 1:
Contribution margin per labor hour = $3 / 1.5 = $2
Product 2:
Contribution margin per labor hour = $10 / 2.5 = $4
Product 3:
Contribution margin per labor hour = $4 / 1.5 = $2.67
If there is a limited amount of labor time available, Ooo-La-La should manufacture product 2 and product 3 in the excess capacity, as they have the highest contribution margin per labor hour.
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n Analysis of the Association between Pollution Disclosure and Economic Performance Martin Freedman, Blkki Jaggi Accounting, Auditing & Accountability Joumal Publication date: 1 December 1988 Abstract The association between the extent of pollution disclosures and economic performance of firms belonging to four highly polluting industries - chemicals, steel, oil and paper and pulp is examined. The economic performance is determined by calculating ratios on return of assets, return on equity and operating performance. For measurement of the extensiveness of pollution disclosures, a disclosure index has been developed. The results do not indicate a significant association between the economic performance and pollution disclosures for the total sample. However, when the sample is segmented by industry group, a significant positive correlation is detected for the oil industry, indicating an association between economic performance and pollution disclosures. Furthermore, when the sample is divided on the basis of the firm size, the results show that the sub-group of large firms with poor economic performance provides detailed pollution information. For smaller firms, no association between the two variables is observed
The study analyzed the relationship between pollution disclosures and economic performance in four highly polluting industries.
Overall, no significant association was found between economic performance and pollution disclosures in the total sample. However, when analyzing industry groups separately, a significant positive correlation was observed for the oil industry, suggesting a link between economic performance and pollution disclosures. Additionally, when considering firm size, the results indicated that larger firms with poor economic performance provided more detailed pollution information. In contrast, no association between the two variables was observed for smaller firms. These findings highlight the complex nature of the relationship between pollution disclosures and economic performance, which can vary depending on industry and firm size.
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According to Noble INC.'s balance sheet as of Dec. 2021, the company has $941,000 in Current Assets and $422,000 in Current Liabilities. The company's quick ratio is 0.8. Calculate the company's inventories as of Dec. 2021. (Round to the nearest dollar)
The quick ratio is one of the most critical liquidity ratios that assesses a company's capacity to pay its obligations from cash or cash equivalents that can be readily converted into cash.
In this case, a ratio of 0.8 indicates that the firm has less current assets than current liabilities.
The formula for calculating the quick ratio is: Quick ratio
= (Cash and Cash Equivalents + Marketable Securities + Accounts Receivable) / Current Liabilities Calculation of the quick ratio: Quick ratio = Current Assets – Inventories / Current Liabilities The firm's quick ratio is given as 0.8, thus:0.8 = $941,000 – Inventories / $422,0000.8 × $422,000
= $941,000 – Inventories$337,600
= $941,000 – Inventories Inventories
= $941,000 – $337,600Inventories
= $603,400 Therefore, the value of inventories as of Dec. 2021 is $603,400.
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Identify 3 key elements of financial accounting and 3 key
elements of managerial accounting.
Financial accounting and managerial accounting are two types of accounting systems that are critical to the financial success of any business. On the other hand, managerial accounting focuses on providing financial information to internal users such as managers and executives to support decision-making processes.
Key elements of financial accounting:
1. Financial Statements: Financial statements provide a summary of a company's financial activities, including income statements, balance sheets, and cash flow statements.
2. Recording transactions: Financial accounting also includes recording financial transactions and generating financial reports to help management in decision-making.
3. Generally Accepted Accounting Principles (GAAP): GAAP refers to the standard guidelines and principles that companies use to prepare financial statements.
Key elements of managerial accounting:
1. Budgeting: Budgeting is a key element of managerial accounting, where management sets financial goals and develops a budget to achieve those goals.
2. Cost analysis: Managers use cost analysis to determine the costs associated with various business activities and processes. This information can help managers identify areas where they can reduce costs and increase profitability.
3. Decision-making: Managerial accounting provides critical financial information to support decision-making, such as pricing decisions, product development, and other business strategies.
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if the interest rate is 8 percent, then the present discounted value of $100 to be received two years from now is closest to
If the interest rate is 8 percent, then the present discounted value of $100 to be received two years from now can be calculated using the formula for present value.
Present Value = Future Value / (1 + Interest Rate)^nWhere: Future Value is the amount to be received in the future ($100 in this case)Interest Rate is the interest rate per period (8 percent or 0.08 in decimal form)n is the number of periods (2 years in this case).
Present Value = $100 / (1 + 0.08)^2
To find the present discounted value of a future amount, we need to consider the time value of money and discount the future amount to its present value. The present value formula takes into account the future value, interest rate, and time period. In this case, the present value of $100 to be received two years from now, with an 8 percent interest rate, is approximately $85.84.
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writing a check to purchase a new computer is an example of using money primarily as a: a. unit of account b. medium of exchange c. store of value d. standard of value
writing a check to purchase a new computer is an example of using money primarily as - b. medium of exchange.
Writing a check to purchase a new computer exemplifies using money as a medium of exchange. By issuing a check, the buyer transfers the ownership of funds from their bank account to the seller's account, completing the transaction. The check acts as a convenient and widely accepted form of payment, facilitating the exchange of goods and services. While money also serves as a unit of account, store of value, and standard of value, in this scenario, the primary function being exercised is that of a medium of exchange.
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a) Explain what is meant by the term "Corporate Governance" and describe how long food supply chains might make governance more difficult.
b) Prepare notes that explain how different kinds of accreditation for suppliers might help, or not help, with your corporate governance.
c) Prepare notes to explain how different types of codes of conduct might be used by your clients. In your answer you should describe and explain the typical contents of, and uses for, at least three different codes of conduct that might be useful to them, which either they would create themselves, or adopt from elsewhere.
Corporate governance is a term that refers to a corporation's system of rules, practices, and processes that direct, control, and regulate the firm.
a) The purpose of corporate governance is to ensure that the company is managed effectively, ethically, and in compliance with legal requirements. Long food supply chains may make governance more difficult by adding complexity and increasing the number of participants. As the food moves through the chain, it becomes more difficult to maintain control over quality, traceability, and safety.
b) Accreditation for suppliers can be beneficial for corporate governance in that it can help ensure that suppliers meet certain standards, such as safety and environmental standards. However, different types of accreditation may have varying degrees of effectiveness.
c) Different types of codes of conduct can be useful for clients as a means of ensuring that suppliers and other participants in the supply chain meet certain standards of ethical and social responsibility. Three different codes of conduct that might be useful are the Global Social Compliance Programme (GSCP), the Supplier Ethical Data Exchange (SEDEX), and the Ethical Trading Initiative (ETI).
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KE2-1 How Can Business Process Modelling Help Organization? Answer the following questions.
(a). Summaries Best Bikes Business operations. (b). Define business processes and give three examples. (25 marks – 400-500 words)
(a). Define BPMN, swimlane format, activity, role, actor, repository, data flow, sequence flow, and subprocess. (b). Describe the BPMN symbol used for each. (25 marks – 400-500 words)
Review figure KE2-1 and ensure you can explain how this business process works. (20 marks – 300-400 words)
Explain the difference between the processes in figures KE2-1 and KE2-3 and relate those differences to the 3D printing opportunity. (20 marks – 300-400 words)
Business process modeling is a tool that is used in the documentation and analysis of business processes. Business process modeling can help an organization by identifying bottlenecks in the process, identifying inefficiencies, and streamlining processes to increase efficiency and productivity.
It can also help with the automation of processes and the implementation of technology to support business processes. This article will discuss the Best Bikes business operations, define business processes, BPMN, and its symbols, explain how business process KE2-1 works, and compare the differences between KE2-1 and KE2-3
Best Bikes is a small company that manufactures and sells bicycles and bicycle parts. They operate out of a single factory and have two retail stores. They also have an online store that allows customers to purchase products directly from the company.
A business process is a set of activities that are performed in order to achieve a specific goal. Examples of business processes include:1. Order Processing: This process involves receiving orders from customers, verifying the details of the order, and then fulfilling the order by shipping the product to the customer.
2. Inventory Management: This process involves tracking inventory levels, forecasting demand, and ordering new inventory as needed.3. Customer Service: This process involves handling customer inquiries, complaints, and returns.a. BPMN, Swimlane Format, Activity, Role, Actor, Repository, Data Flow, Sequence Flow, and Subprocess:
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Precision Tools sells a line of high-quality woodworking tools. When customers place orders on the company's Web site, the system checks to see if the items are in stock, issues a status message to the customer, and generates a shipping order to the warehouse, which fills the order. When the order is shipped, the customer is billed. The system also produces various reports to the manager to be reviewed. Based on the situation above, construct a context diagram. (8 Marks) Samantha must decide which courses to register for this semester. She has a part-time job, and she is waiting to find out how many hours per week she will be working during the semester. If she works 10 hours or less per week, she will register for three classes, but if she works more than 10 hours per week, she will register for only two classes. If she registers for two classes, she will take one class in her major area and one elective. If she registers for three classes, she will take two classes in her major area and one elective. Use a decision table to represent this logic.
Context Diagram:
+-------------------------+
| Precision Tools |
| Order Processing |
+---------------------------+
|
| Place Order
V
+-----------------------+
| Order System |
+-----------------------+
|
| Generate Shipping Order
V
+-------------------------+
| Warehouse |
| Order Fulfillment |
+-------------------------+
|
| Ship Order
V
+-----------------------+
| Billing System |
+-----------------------+
|
| Generate Invoice
V
+-----------------------+
| Customer |
+-----------------------+
The context diagram illustrates the external entities interacting with the Precision Tools order processing system.
The customer places an order through the Order System, which checks stock availability and generates a shipping order to the Warehouse for order fulfillment.
Once the order is shipped, the Billing System generates an invoice for the customer.
The Customer receives the status message and is billed accordingly.
Decision Table:
+--------------------------+---------------------+--------------------+
| Number of Hours | Number of | Number of |
| per Week | Classes to | Major Area |
| | Register | Classes |
+------------------ --------+---------------------+--------------------+
| <= 10 | 3 | 2 |
| > 10 | 2 | 1 |
+---------------------------+---------------------+---------------------+
The decision table represents Samantha's decision-making process for course registration based on the number of hours she will be working per week.
If she works 10 hours or less, she will register for three classes, with two classes in her major area and one elective. If she works more than 10 hours, she will register for two classes, with one class in her major area and one elective.
The decision table captures the different scenarios and outcomes based on the given conditions.
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if qualls quality airline cuts its domestic fares by 30%, question 24 options: 1) its fixed costs will decrease. 2) profit will increase by 30%. 3) a profit can only be earned by decreasing the number of flights. 4) a profit can be earned either by increasing the number of passengers or by decreasing variable costs.
The quality airline cuts its domestic fares by 30% ,(option 4) a profit can be earned either by increasing the number of passengers or by decreasing variable costs.
Among the provided options, option 4) "a profit can be earned either by increasing the number of passengers or by decreasing variable costs" is the most accurate statement.
When Qualls Quality Airline cuts its domestic fares by 30%, it will likely impact the company's profitability and various cost elements. However, the exact impact on fixed costs and profit cannot be determined solely based on the information provided. Let's analyze each option:
1."Its fixed costs will decrease": The reduction in fares does not directly affect fixed costs, as fixed costs typically remain constant regardless of changes in sales or pricing.
2."Profit will increase by 30%": It is incorrect to assume that profit will automatically increase by 30% when fares are reduced. Profit depends on various factors, including the change in revenue and costs, which are not specified in the given information. Therefore, this statement cannot be concluded based solely on the fare reduction.
3."A profit only be earned by decreasing the number of flights": This statement is not supported by the information provided. Profitability be influenced by various factors, including passenger demand, pricing strategies, and cost management. Decreasing the number of flights is just one possible approach to improving profitability, but it is not the only option.
4."A profit can be earned either by increasing the number of passengers or by decreasing variable costs": This statement is the most accurate and plausible. Profitability improved by increasing the number of passengers, which achieved through lower fares attracting more customers. Additionally, profitability also be enhanced by reducing variable costs associated with each flight, such as fuel costs, maintenance expenses, or operational efficiency.
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Using the following information: a. The bank statement balance is $3,350. b. The cash account balance is $3,646. c. Outstanding checks amounted to $655. d. Deposits in transit are $794. e. The bank service charge is $148. f. A check for $74 for supplies was recorded as $65 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation August 31 Cash balance according to bank statement Adjustments: Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Total adjustments Adjusted balance
The bank statement balance is $3,350. Next, we need to consider the adjustments. There are two adjustments we need to make: outstanding checks and deposits in transit.
Outstanding checks are checks that have been issued by the company but have not yet cleared the bank. According to the information given, the outstanding checks amount to $655. Deposits in transit are deposits that have been made by the company but have not yet been recorded by the bank. According to the information given, the deposits in transit amount to $794.
Adjusted balance = Cash balance
according to bank statement - Outstanding checks + Deposits in transit Adjusted balance = $3,350 - $655 + $794.
\Now, let's move on to the cash balance according to the company's records. According to the information given, the cash account balance is $3,646.
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Article 1 OII company profits boom as Americans reel from high fuel prices (September 16, 2022) The US's biggest oil companies have pumped out record profits over the last few months as Americans struggled to pay for gasoline, food and other basic necessities. US gas prices are now averaging $4.50 a gallon across the US, more than $1.50 a gallon higher than in 2020. With the pandemic in the rear view mirror, more motorists are again on the road. But the real factor behind the rise of gas prices is that fewer refineries are operating in the US than operated in 2020. So as Exxon and other major gas companies enjoy record profits, consumers get squeezed. 1A. Depict the market for gasoline in 2020. Label initial supply and demand and equilibrium quantity with the subscript " 1 " and set into the market actual price. 1B. Make changes that have occurred to the market for gasoline in 2022. Label new supply and/or demand and equilibrium price and quantity with the subscript "2" and set into the market the actual price. insulin at $35 a month. The average price of insulin, versions of which have been around since the 1920 s, have risen to about $550 a month, straining budgets for millions of households. The new law also extends by three years the expanded subsidies and other financial enhancements first included in the 2021 American Rescue Plan to help bring down the costs of health insurance plans in the ACA marketplace. 1C. Construct the market for insulin, assuming demand is perfectly inelastic. Label initial supply and demand and equilibrium quantity with the subscript "1". Set into the market the actual price. 1D. Return to the market in 1C, and change the market consistent with information in the article.
In 2020, people bought a lot of gasoline. Initial Demand (D1) means how much gas people want to buy at different prices in 2020.
What is the profits boom?As the price goes down, people want more of it. The amount of something that is sold at the starting price is called Q1 and the price for that amount is called P1.
The initial supply refers to how much gasoline suppliers can give at different prices in 2020. The line goes up, which means that if the price goes up, more things will be made to sell.
Equilibrium is the point where the demand and supply curves meet in a market. At this moment, the amount that people want to buy
.
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vogel, inc., an s corporation for five years, distributes a tract of land held as an investment to jamari, its majority shareholder. the land was purchased for $133,000 ten years ago and is currently worth $332,500.
Vogel, Inc., an S corporation, distributed a tract of land held as an investment to its majority shareholder, Jamari. The land was purchased for $133,000 ten years ago and is currently worth $332,500.
In this scenario, Vogel, Inc. is transferring a tract of land to Jamari, who is the majority shareholder of the S corporation. This distribution of the land is considered a taxable event for the corporation and may result in tax consequences for both the corporation and the shareholder.Determine the fair market value (FMV) of the land: The FMV of the land is the current worth of the property, which is $332,500 in this case.Calculate the built-in gain (BIG) tax: As an S corporation, Vogel, Inc. needs to determine if there is a built-in gain on the property. Built-in gain is the difference between the FMV of the property and its adjusted basis (purchase price plus any improvements or depreciation). In this case, the built-in gain would be $332,500 - $133,000 = $199,500.
Assess the tax implications for the corporation: If the S corporation sells the land directly, it would be subject to tax on the built-in gain at the corporate level. However, since the land is distributed to Jamari instead of being sold, the corporation can avoid the built-in gain tax.Consider the tax implications for Jamari: Jamari will need to report the distribution of the land as a taxable event on their personal tax return. The distribution is treated as a dividend, and Jamari will be taxed on the FMV of the land received. In this case, Jamari will report $332,500 as taxable income on their personal tax return.
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Flounder Spa shows a general ledger balance for the Cash account of $4,002.35 on June 30 and the bank statement as of that date indicates a balance of $4,165.00. When the statement was compared with the cash records, the following facts were determined: 1. There were bank service charges for June of $34.00. 2. A bank memo stated that Bao Dai's note for $904.00 and interest of $44.00 had been collected on June 29 . and the bank had charged $4.00 for the collection. Any interest revenue has not been accrued. 3. Deposits in transit June 30 were $2,900.00. 4. Cheques outstanding on June 30 totalled $2,131.05. 5. On June 29, the bank had charged Flounder Spa's account for a customfr's NSF cheque amounting to \$473.20. 6. A customer's cheque received as a payment on account of $81,00 had been entered as $63.00 in the cash receipts journal by Flounder Spa on June 15. 7. Cheque no. 742 in the amount of $479.00 had been entered in the books $434.00, and cheque no. 747 in the amount of $46.20 had been entered as $568.00. Both cheques were issued as payments on account. 8. In May, the bank had charged a $20.50 Wella Spa cheque against the Flounder Spa account. The June bank statement indicated that the bank had reversed this charge and corrected its error. Prepare a bank reconciliation at. June 30 . (List items that increase balance as per bank \& books first. Round answers to 2 decimal places, e.g. 52.75.) Prepare any journal entries that are needed to adjust the Cash account at June 30 . (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 2 decimal places, eg. 52.75.)
No entry is needed to adjust the balance of Flounder Spa’s Cash account on June 30th, since the total of the adjustments is zero.
Bank Reconciliation Statement of Flounder Spa for June 30, 20XX:
Particulars Amount (USD)
Amount (USD)Balance as per Bank4,165.00
Add: Deposits in transit2,900.00Less: Outstanding Cheques(2,131.05)
Adjusted Bank Balance5,934.95Balance as per Books4,002.35Add: Bao Dai's Note904.00
Less: Service charges (34.00)NSF cheque (473.20)
Customer's cheque error (18.00) (525.20)
Adjusted Book Balance4,381.15
Adjustments: Bank collection for Bao Dai's note and interest 904.00+ 44.00- 4.00= 944.00
NSF Cheque is already subtracted in the book adjustment.
Deposit in Transit is already added to the bank adjustment.
Customer's Cheque error of $18.00 (81.00 - 63.00) was entered incorrectly in the cash receipts journal.
Therefore, it needs to be added.
2 cheques (No. 742 for $479.00 and No. 747 for $46.20) were issued as payments on account and the amounts were entered incorrectly.
Therefore, both cheques need to be deducted from the adjusted book balance.
Bank Collection for Bao Dai's Note and Interest Journal Entry:
Account TitlesDebitCreditCash944.00Notes Receivable900.00Interest Revenue44.00
Bank Service Charges Journal Entry:
Account Titles Debit Credit Bank Service Charges34.00Cash34.00Customer's Cheque Error Journal Entry:
Account TitlesDebitCreditCash18.00Accounts Receivable18.00
Cheques Error Journal Entry:
Account Titles Debit Credit Accounts Payable45.80Cash45.80
Therefore, the adjusted balance for Flounder Spa’s cash account on June 30th is $5,205.95.
The journal entries needed to adjust the cash account at June 30th are: Bank collection for Bao Dai's note and interest Journal Entry:
Account TitlesDebitCreditCash944.00Notes Receivable900.00Interest Revenue44.00Bank service charges Journal Entry:
Account Titles Debit Credit Bank service charges34.00Cash34.00
Customer's Cheque Error Journal Entry:
Account TitlesDebitCreditCash18.00Accounts Receivable18.00
Cheques Error Journal Entry:
Account Titles Debit Credit Accounts Payable45.80
Cash45.80
No entry is needed to adjust the balance of Flounder Spa’s Cash account on June 30th, since the total of the adjustments is zero.
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Assume an American firm takes a long position on British Pound call options. The premium is $0.05, and the strike price is $1.45. When the firm executed the option, they were able to save $150,000 total. If the total contracts were enough to buy 560,000 pounds, what was the asking price of the pound in US dollars?
The premium on the British Pound call options taken by the American firm is 0.05, and the strike price is 1.45. The firm saved 150,000 in total when they executed the option, and the total contracts were enough to buy 560,000 pounds.
Therefore, the total cost of the contracts can be calculated as follows:560,000 / 1.45 = 386,206.89Thus, the firm paid a premium of 0.05 per pound, which was equal to 28,000 (0.05 x 560,000). As a result, the firm was able to buy 560,000 pounds for 358,206.89 (386,206.89 - 28,000).
The asking price of the pound in US dollars can be found by dividing the total cost of the contracts by the number of pounds purchased: 358,206.89 / 560,000 = 0.64 per pound (rounded to two decimal places).Therefore, the asking price of the pound in US dollars is 0.64 per pound.
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the speakers are currently unpackaged. packaging them individually would increase costs by $1.20 per unit. however, the units could then be sold for $33.00. all other information remains the same as the original data. what is the effect on profits if hobart company packages the speakers?
Packaging the speakers individually at a cost of $1.20 per unit and selling them for $33.00 instead of $30.00 would result in an increase in total profits for Hobart Company. The effect on profits would be an additional $36,000.
To calculate the effect on profits if Hobart Company packages the speakers, we need to compare the current profit with the profit after packaging and selling the units at the increased price.
Current profit per unit = Selling price - Variable manufacturing cost - Variable distribution cost
Current profit per unit = $30 - $14 - $2 = $14
Profit per unit after packaging = New selling price - Variable manufacturing cost - Variable distribution cost - Packaging cost
Profit per unit after packaging = $33 - $14 - $2 - $1.20 = $15.80
Now, let's calculate the total profits before and after packaging:
Current total profit = Current profit per unit × Current production and sales volume
Current total profit = $14 × 20,000 = $280,000
Total profit after packaging = Profit per unit after packaging × Current production and sales volume
Total profit after packaging = $15.80 × 20,000 = $316,000
The effect on profits if Hobart Company packages the speakers would be an increase of $36,000 ($316,000 - $280,000).
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--The given question is incomplete, the complete question is given below " Hobart Company produces speakers for PA systems. The speakers are sold to retail music stores for $30. Manufacturing and other costs are as follows: The variable distribution costs are for transportation to the retail music stores. The current production and sales volume is 20,000 per year. Capacity is 25,000 units per year. The speakers are currently unpackaged. Packaging them individually would increase costs by $1.20 per unit. However, the units could then be sold for $33.00. All other information remains the same as the original data. What is the effect on profits if Hobart Company packages the speakers? "--
The division of labor may also be referred to as human specialization. Overall, it is beneficial to firms because it Select the correct answer below: increases output by enabling workers to take advantage of differences in their skills increases output by allowing workers to each perform a wide variety of tasks decreases the wage rate by making workers less valuable increases output by making labor cheaper relative to capital
Previous question
The division of labor may also be referred to as human specialization. Overall, it is beneficial to firms because it increases output by enabling workers to take advantage of differences in their skills. Therefore, the correct answer is "increases output by enabling workers to take advantage of differences in their skills.
The division of labor allows a firm to divide a job into a series of smaller tasks that are completed by various workers. As a result, the firm can create new jobs, making the manufacturing process faster and more efficient. As a result, output increases. The workers can specialize in specific tasks and become proficient in them. As a result, they become more productive, and the output of the firm improves. Human specialization, also known as the division of labor, is the concentration of workers on specific tasks in the production process. It is essential for efficient manufacturing, and it benefits companies in several ways. It also helps to save time and money.
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The division of labor may also be referred to as human specialization. Overall, it is beneficial to firms because it increases output by enabling workers to take advantage of differences in their skills. Therefore, the correct answer is "increases output by enabling workers to take advantage of differences in their skills.
The division of labor allows a firm to divide a job into a series of smaller tasks that are completed by various workers. As a result, the firm can create new jobs, making the manufacturing process faster and more efficient. As a result, output increases. The workers can specialize in specific tasks and become proficient in them. As a result, they become more productive, and the output of the firm improves. Human specialization, also known as the division of labor, is the concentration of workers on specific tasks in the production process. It is essential for efficient manufacturing, and it benefits companies in several ways. It also helps to save time and money.
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consider each of these business activities. for which do you think supply would be most elastic in the short term?
Baking cupcakes is considered as one of the Businesses for which the supply would be most elastic in the short term.
Baking is the process of cooking with dry heat, primarily in an oven. It is most likely the oldest type of cooking. Bakery goods including bread, rolls, cookies, pies, pastries, as well as muffins, are typically made with flour or meal that comes from grains of some kind.
Wet ingredients, dry ingredients, leavening substances, flavoring, heat, and various mixing techniques are the six essential elements of baking. Every time they are properly blended, they yield a dish that is tasty and baked to perfection.
Baking was first created by the Egyptians. They were the first civilization known to have employed yeast to make bread. Research indicates that baking began approximately 2,600 BC.
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At December 31 the records of Kozmetsky Corporation provided the following selected and incomplete data:
Common stock (par $2; no changes during the current year).
Shares authorized, 5,000,000.
Shares issued, ? ; issue price $7 per share.
Shares held as treasury stock, 11,100 shares, cost $5 per share.
Net income for the current year, $462,820.
Common Stock account, $149,000.
Dividends declared and paid during the current year, $2 per share.
Retained Earnings balance, beginning of year, $790,000.
1. shares issued:
shares outstanding:
2. the balance in additional paid-in capital would be:
3. earning per share is:
4. total dividends paid on common stock during the current year is:
5. treasury stock should be reported in the stockholders equity section of the balance sheet in the amount of:
6. assume that the board of directors voted a 2 for 1stock split, the par value per share will be:
1.The number of shares issued would be 5,000,000 - 11,100 = 4,988,900 shares.
2. The balance in additional paid-in capital would be $7 * 4,988,900 = $34,922,300.
3. The number of shares outstanding would be 4,988,900 - 11,100 = 4,977,800 shares. Now, we can calculate the earnings per share by dividing $462,820 by 4,977,800 shares.
4.The total dividends paid on common stock during the current year would be $2 * 4,977,800 = $9,955,600.
5. The treasury stock should be reported in the stockholders' equity section of the balance sheet in the amount of $5 * 11,100 = $55,500.
6.The stock split, the new par value per share would be $2 / 2 = $1 per share.
1. To find the number of shares issued, we need to subtract the number of treasury stock from the total shares authorized. In this case, the total authorized shares are 5,000,000 and the treasury stock is 11,100 shares. Therefore, the number of shares issued would be 5,000,000 - 11,100 = 4,988,900 shares.
2. The balance in additional paid-in capital can be calculated by multiplying the issue price per share by the number of shares issued. In this case, the issue price is $7 per share and the number of shares issued is 4,988,900 shares. Therefore, the balance in additional paid-in capital would be $7 * 4,988,900 = $34,922,300.
3. Earnings per share is calculated by dividing the net income for the current year by the number of shares outstanding. The net income for the current year is $462,820 and the number of shares outstanding is the number of shares issued minus the treasury stock. From our previous calculations, we know that the number of shares issued is 4,988,900 and the treasury stock is 11,100 shares. Therefore, the number of shares outstanding would be 4,988,900 - 11,100 = 4,977,800 shares. Now, we can calculate the earnings per share by dividing $462,820 by 4,977,800 shares.
4. The total dividends paid on common stock during the current year is calculated by multiplying the dividends declared and paid per share by the number of shares outstanding. In this case, the dividends declared and paid per share is $2 and the number of shares outstanding is 4,977,800 shares. Therefore, the total dividends paid on common stock during the current year would be $2 * 4,977,800 = $9,955,600.
5. Treasury stock should be reported in the stockholders' equity section of the balance sheet at its cost. In this case, the cost of the treasury stock is $5 per share and the number of treasury stock shares is 11,100 shares. Therefore, the treasury stock should be reported in the stockholders' equity section of the balance sheet in the amount of $5 * 11,100 = $55,500.
6. If the board of directors voted for a 2 for 1 stock split, the par value per share would be halved. Since the par value is currently $2 per share, after the stock split, the new par value per share would be $2 / 2 = $1 per share.
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Problem 1: Cournot Recall the hat sellers from Problem Set 2. Let's say that there are two sellers of Red Sox hats ("ballcaps") outside Fenway Park. Both sellers sell the same hat - a red hat with a blue "B." Each seller has a marginal cost of $10 (the cost they pay the hat company). Inverse demand for hats is P(Q)=40−101Q. Recall that in Problem Set 2, the sellers had a fixed capacity of hats they could sell. Now, assume that supply restrictions have been resolved, so there is not a fixed capacity for the sellers. But the sellers realize they could make more profit if they limit the number of hats available to sell, so they decide make a quantity decision instead of a price decision (as in Problem Set 2), and the price they receive will just be the market price (based on the inverse demand curve) implied by the total quantity offered. The sellers choose their quantities simultaneously. (a) What quantity does each seller decide to set? (b) What are profits of each seller? (c) Compare consumer surplus between this problem and Problems 1 and 2. (d) If Seller 1 regains its $5 cost advantage, will it sell more or fewer hats than Seller 2?
(a) Each seller decides to set a quantity of 9. This is determined by figuring out the Nash Equilibrium of this Cournot game. Since both players have the same marginal cost, we can just divide the market equally.
This gives us a total market quantity of Q = 18. Using the inverse demand equation, we can then solve for the price that corresponds to a quantity of 18: P(Q=18) = 40 - 10*18 = 220. Each seller then takes half of this market: Q_i = 9 for both Seller 1 and Seller 2.(b) To calculate profits, we need to use the formula π = (P - MC)Q.
For both Seller 1 and Seller 2, this gives us: π = (220 - 10) * 9 = 198. So each seller makes a profit of $198.(c) Compared to Problem 1, consumer surplus is lower because the price is higher. Compared to Problem 2, consumer surplus is higher because the quantity is higher.
Overall, it's hard to say which scenario is better for consumers since it depends on how they value each unit of the good.(d) If Seller 1 regains its $5 cost advantage, it will sell more hats than Seller 2. This is because it can now charge a lower price than Seller 2 and still make a profit. To see why, suppose that Seller 1 has a marginal cost of $5 and Seller 2 still has a marginal cost of $10.
Then Seller 1 can set a price of P = MC + (1/2)(MC - MC_2) = $7.50. Seller 2 will still choose to set a quantity of 9, so the total market quantity will be 18. The price will be P(Q=18) = 40 - 10*18 = 220. So Seller 1 will sell 9 hats at a price of $7.50, for a profit of π = (7.5 - 5) * 9 = $22.50. Seller 2 will sell 9 hats at a price of $22.50, for a profit of π = (22.5 - 10) * 9 = $112.50. Therefore, Seller 1 will sell more hats than Seller 2 (9 vs 0) if it regains its $5 cost advantage.
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What are some of the requirements required by the
Prosecutor under the Giglio v. United States decision. Discuss if
you think that zero tolerance should result in an officer’s
termination.
In the Giglio v. United States decision, the Supreme Court ruled that prosecutors have a constitutional duty to disclose any evidence that could impeach the credibility of a witness, including a law enforcement officer. This duty arises from the due process clause of the Fifth Amendment, which guarantees a fair trial.
* Under Giglio, the requirements for prosecutors include:
1) Disclosure of Impeachment Evidence:
Prosecutors must disclose evidence that could be used to challenge the credibility of a witness, including any promises, benefits, or inducements offered to a witness in exchange for their testimony.
2) Materiality of the Evidence:
The evidence must be considered material, meaning that there is a reasonable probability that the evidence would have affected the outcome of the trial if it had been disclosed.
3) Brady Obligations:
Giglio obligations are related to the broader obligations imposed on prosecutors under Brady v. Maryland. Prosecutors must disclose any evidence that is favorable to the defendant and material to guilt or punishment, even if the defendant has not requested it.
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Suppose pigs (P) can be fed corn-based feed (C) or soybean-based feed (S) such that the production function is P=2C+5S. If the price of corn feed is $2 and the price of soybean feed is $6, what is the cost-minimizing fee combination producing P=200 ? a. C=100 b. S=40 c. C=50,S=20 d. All points on the P=200 isoquant would cost the same.
The cost-minimizing fee combination producing P=200 is found to be C=50, S=20.
The cost-minimizing fee combination producing P=200 with the given production function P=2C+5S can be determined by using the cost-minimization rule.
It states that when there are two inputs (C and S) for a firm to produce a given level of output (P), the cost of production is minimized when the ratio of marginal productivities equals the ratio of input prices.
Mathematically, the cost-minimization rule can be represented as:
MPc / Pc = MPs / Ps
Where,MPc = marginal productivity of corn feed.
MPs = marginal productivity of soybean feed.
Pc = price of corn feed.
Ps = price of soybean feed.To find the cost-minimizing combination of inputs that produce P=200, we need to find the values of C and S that satisfy the cost-minimization rule and give P=200.
Using the production function P=2C+5S, we can find the marginal productivities of C and S as:
MPc = 2
MPs = 5
Using the given prices, Pc=$2 and Ps=$6, we can substitute the values in the cost-minimization rule and solve for C and S as:
C / S = 2 / 5
C = (2/5)S
Substituting C in terms of S in the production function and solving for S gives:
S=20
C= (2/5) x 20 = 8
Total cost of producing P=200 with C=50 and S=20 is:
C x Pc + S x Ps
= 50 x $2 + 20 x $6
= $100 + $120
= $220
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migdal signs the articles of incorporation for a corporation being formed, and herman wants to locate possible investors in the new corporation. migdal is a(n):
1. Migdal is an incorporator because she signs the articles of incorporation and establishes the corporation's legal existence.
2. Herman is a promoter because he is seeking potential investors for the new corporation and taking on the tasks of organizing and starting the company.
Migdal, who signs the articles of incorporation for a corporation being formed, can be classified as a incorporator. An incorporator is an individual or entity that takes the initial steps to form a corporation. By signing the articles of incorporation, Migdal is officially establishing the corporation and creating its legal existence.
On the other hand, Herman, who wants to locate possible investors in the new corporation, can be considered a promoter. A promoter is someone who takes the initiative to organize and start a corporation before it is fully formed. Promoters are responsible for finding investors, negotiating contracts, and setting up the initial operations of the company.
So, to summarize:
1. Migdal is an incorporator because she signs the articles of incorporation and establishes the corporation's legal existence.
2. Herman is a promoter because he is seeking potential investors for the new corporation and taking on the tasks of organizing and starting the company.
These roles are important in the early stages of forming a corporation and contribute to its successful establishment and future growth.
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