Student tuition at Boehring University is $180 per semester credit hour. The state supplements school revenue by $100 per semester credit hour. Average class size for a typical 3-credit course is 45 students. Labor costs are $4,500 per class, materials costs are $20 per student per class, and overhead costs are $26,000 per class.
The multifactor productivity ratio currently is 1.20 and the labor productivity ratio is $168.75 per hour if the instructors work on an average of 14 hours per week for 16 weeks for each 3 -credit class of 45 students. Improved recruitment will increase overhead costs to $32,000 per class section from the current $26,000 per class section. The university's budget plan is to cover recruitment costs by increasing the average class size to 85 students. Labor costs will increase to $6,300 per 3-credit course.
Material costs will be about $25 per student for each 3-credit course. Tuition will be $250 per semester credit, which is supplemented by state support of $100 per semester credit.Profit is the sum of total revenue less total costs. There are a few steps to calculating this:Calculate the total revenue by multiplying the student tuition per credit hour with the number of credit hours (3) and the number of students in a class section (45):180 × 3 × 45 = $24,300 Calculate the total costs by adding the labor costs, materials costs, and overhead costs:$4,500 + ($20 × 45) + $26,000 = $27,050 Calculate the profit by subtracting the total costs from the total revenue:$24,300 - $27,050 = -$2,750 The profit per section of the 3-credit course in the current operation, including the state supplement, is -$2,750.
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when providing managerial advice, is it important to anticipate unintended consequences? group of answer choices yes, because unintended consequences only occur if you anticipate them. otherwise, they may not happen at all. yes, because the cost of creating a new problem as a side effect should be included in the decision of which solution to adopt. sort of like accounting for collateral damage in decision-making. no, because they will happen whether you anticipate them or not, therefore you don't need to worry about them. just let them be. no, because they are not the intended consequence of the recommended managerial advice. you should focus only on the intended consequence.
Yes, When providing managerial advice, is it important to anticipate unintended consequences because the cost of creating a new problem as a side effect should be included in the decision of which solution to adopt. sort of like accounting for collateral damage in decision-making. The correct option is B.
It is important to plan for unanticipated outcomes while giving managerial advice. Despite the fact that unexpected effects may happen despite planning, taking them into account enables managers to assess the risks and expenses related to various solutions. Decision-makers can minimize negative effects and maximize favorable results by recognizing the likelihood of unintended consequences and making educated decisions. Ignoring unintended consequences might cause unexpected issues and impair sound decision-making.
Thus, the ideal selection is option B.
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How to use CAPM to forecast the average daily expected returns for Flight Centre ASX:FLT?
Assume an expected daily market return of 0.04% and a daily risk free rate of 0.002%, and calculate the expected daily returns given constructed beta, which is 1.27.
The capital asset pricing model (CAPM) is a financial theory that helps to determine a theoretically appropriate required rate of return for an asset given the risk it is associated with.
For Flight Centre ASX:FLT, assuming an expected daily market return of 0.04% and a daily risk-free rate of 0.002%, and calculating the expected daily returns given constructed beta, which is 1.27. Thus, we will use the CAPM formula to calculate the required rate of return.
Required Rate of Return = 0.002 + 1.27 × (0.04 - 0.002)
Required Rate of Return = 0.002 + 1.27 × 0.038
Required Rate of Return = 0.002 + 0.04826
Required Rate of Return = 0.05026 or 5.026%
The expected daily return for Flight Centre ASX: FLT can be calculated as follows :
Expected Daily Return = Required Rate of Return / 252
Expected Daily Return = 0.05026 / 252Expected Daily
Return = 0.0001995 or 0.01995%
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Lex Luther Testify Keep Quiet 50 years in jail 16 years in jail Testify 16 years in jail Goes free Captain Cold Goes free 2 years in jail Keep Quiet 50 years in jail 2 years in jail Based on the payoff matrix provided, what is the Nash equilibrium for the two suspects? Choose one: O A. Lex Luther keeps quiet but Captain Cold testifies. OB. Both suspects testify. C. Lex Luther testifies but Captain Cold keeps quiet. D. Both suspects keep quiet. See Hint Feedback Consider a competitive market for a consumer product. Suppose this product goes out of fashion with consumers. How will this sudden drop in popularity affect the profit of an individual firm in this market in the long run? Choose one: A. The profit of an individual firm decreases from zero, and the firm will incur a loss in the long run. B. The profit of an individual firm increases from a smaller positive value to a larger positive value in the long run. C. The profit of an individual firm increases from zero to a positive value in the long run. D. The profit of an individual firm stays at zero in the long run. The Production Function and Marginal Product Total Marginal of labor Total output Output Numb 70 served ner bu of workers 50 0 30 5 1 10 10 15 0 1 2 3 4 5 67 8 9 10 Number of workers 15 30 (al 12 Marginal Product 42 10 of Labor 52 15 - 8 60 10 5 65 7 0 67 8 -5 - 63 9 1 2 3 4 5 67 89 10 Number of workers -10 (ы 55 10 In the example presented in this graph, after what number of workers does diminishing marginal product occur? Choose one: A. 2 workers B. 3 workers C. 6 workers D.9 workers
The Nash equilibrium for the two suspects is that B. Both suspects testify.
What is the Nash equilibrium for the two suspects?The Nash equilibrium for the two suspects is for both of them to testify. In this scenario, both Lex Luther and Captain Cold choose to cooperate with the authorities and provide testimony.
This choice ensures that neither suspect receives the maximum possible sentence of 50 years in jail. By testifying, they both receive a reduced sentence of 16 years in jail. This outcome represents the Nash equilibrium because given the other suspect's choice, neither individual has an incentive to deviate from their decision to testify.
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QUESTION 3
Super Health Bhd is a biotechnology company operating since
2010. The company has developed and patented a new compound for
anti-depression drugs. The company’s financial year ends on 31
Given that Super Health Bhd is a biotechnology company operating since 2010 and it has developed and patented a new compound for anti-depression drugs.
The company’s financial year ends on 31, it is required to determine the missing month to complete the statement correctly. Assuming that there is no information regarding the month mentioned in the statement, it is hard to determine the missing month.
However, it is worth mentioning that it is common for companies to end their financial year on December 31, but some companies choose to end it on other dates that best suits their business operations and financial activities.
For example, the financial year of a retail company might end on January 31 to include the post-Christmas sales.
So, without further information, it is not possible to determine the missing month to complete the statement correctly.
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Imagine that a space company is offering tickets for round-trip flights to the moon. The company needs to set a price for tickets. Costs for the company include: research & development for the last decade, fuel for each flight, and wages for a pilot. a) In this scenario, is ticket price a dependent or independent variable? What about the wages for a pilot? b) If the company's goal is to make profits, do you think that the flight would ever run without passengers? c) In your own words, briefly explain the optimization problem that the company faces (I encourage you to try and do this without numbers, but if you prefer, you can make up numbers to explain your reasoning).
In the above scenario, the space company offers tickets for round-trip flights to the moon. The company needs to set the price of the tickets.
Costs for the company include research and development for the last decade, fuel for each flight, and wages for a pilot.
a) The dependent variable is the ticket price because it relies on the company's costs, and the independent variable is the wages for the pilot since it is a constant cost.
b)It is unlikely that the flight would run without passengers if the company's goal is to make a profit because they wouldn't cover their costs. They would instead offer incentives for people to fly to the moon, such as discounts, and if there still aren't enough people, they would postpone or cancel the flight.
c) In your own words, briefly explain the optimization problem that the company faces .The optimization problem the company faces is to set a price for the tickets that covers all costs while still being affordable for the public.
If the ticket price is too high, people won't want to fly to the moon, and if the ticket price is too low, the company won't cover its costs. The company must find the perfect balance between the cost of the tickets and the number of passengers to make a profit.
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Kirk; who is aged thirty-seven recently purchased a shipping company. He used a ten-year term business loan in the amount of $350,000. Kirk completed an application for a decreasing $400,000 ten-year term life insurance policy as recommended by his agent. The insurer sends the agent the policy which was issued at standard rates with no exclusions. The agent makes an appointment with Kirk to deliver the policy, explaining that he is entitled to a ten-day free look. What requirements must the agent meet so that Kirk's policy comes into force? 1. Meet with Kirk to present the policy and explain the contract's main provisions. 2. Obtain written confirmation from Kirk that no change occurred in his insurability. 3. Have Kirk sign an acknowledgement that he received and accepted the policy. 4. Collect payment of the first applicable premium. Select one: a. 1, 2, 4 . b. 1, 2, 3 . C. 1,2,3,4. d. 1,4 .
The agent should meet with Kirk to present the policy and explain the contract's main provisions; obtain written confirmation from Kirk that no change occurred in his insurability; have Kirk sign an acknowledgment that he received and accepted the policy; and collect payment of the first applicable premium.
This will make Kirk aware of the policy he is about to purchase and know exactly what he is getting into.2. Obtain written confirmation from Kirk that no change occurred in his insurability.
3. Have Kirk sign an acknowledgment that he received and accepted the policy. This step is needed so that Kirk accepts the policy as presented to him by the agent.
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The management of Shatner Manufacturing Company is trying to decide whether to continue manufacturing a part or to buy it from an outside supplier. The part, called CISCO, is a component of the company's finished product. The following information was collected from the accounting records and production data for the year ending December 31, 2014.The following information was collected from the accounting records and production data What nonfinancial factors should management consider in making its decision? 1.Make CISCO, 2.Buy CISCO, and 3.Net Income Increase/(Decrease).(a) NI (decrease) $(1,160) (b)Based on your analysis, what decision should management make?(c)Would the decision be different if Shatner Company has the opportunity to produce $3,000 of net income with the facilities currently being used to manufacture CISCO? Show computations. (c) NI increase $1,840(d)1.8,000 units of CISCO were produced in the Machining Department. 2.Variable manufacturing costs applicable to the production of each CISCO unit were: direct materials $4.80, direct labor $4.30, indirect labor $0.43, utilities $0.40. 3.Fixed manufacturing costs applicable to the production of CISCO were: Cost Item Direct Allocated Depreciation $2,100 $??900 Property taxes 500 200 Insurance 900 600$3,500 $1,700All variable manufacturing and direct fixed costs will be eliminated if CISCO is purchased. Allocated costs will have to be absorbed by other production departments. 4.The lowest quotation for 8,000 CISCO units from a supplier is $80,000. 5.If CISCO units are purchased, freight and inspection costs would be $0.35 per unit, and receiving costs totaling $1,300 per year would be incurred by the Machining Department. Instructions (a)Prepare an incremental analysis for CISCO. Your analysis should have columns for
Management should take into account a number of nonfinancial criteria when deciding whether to manufacture or purchase the CISCO component. These elements could consist of:
1. Quality control: It's crucial to evaluate the CISCO units' quality and compare it to the company's production standards. The management needs to guarantee that the parts are of the required quality.
2. dependability and timeliness: It's critical to assess the supplier's timeliness and dependability in delivering the CISCO equipment. The supplier's past tardiness or erratic delivery may have a detrimental effect on the company's production schedule.
3. Supplier relationships: It's critical to evaluate the supplier's willingness to work with you and resolve any problems that may come up. An effective working partnership with the supplier can
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you have been tasked with changing the compact layout for campaign records. which two steps must you do to accomplish this requirement?
1. Access Salesforce Setup.
2. Modify the Compact Layout for Campaigns.
To change the compact layout for campaign records, you need to follow two steps. First, access Salesforce Setup, which is typically done by clicking on your profile icon and selecting "Setup." Second, navigate to the Compact Layouts section within the Object Manager for the Campaign object. In this section, you can make the necessary modifications to the compact layout by adding, removing, or rearranging fields to meet your specific requirements.
Access the Salesforce Setup: Log in to Salesforce and navigate to the Setup menu. The Setup menu is typically accessible by clicking on your profile icon in the top-right corner of the Salesforce interface and selecting "Setup" from the dropdown menu.
Modify the Compact Layout for Campaigns: Once in the Setup menu, search for "Object Manager" in the quick find search box and select it. In the Object Manager, locate and select "Campaign" from the list of objects. Within the Campaign object, navigate to the "Compact Layouts" section. From there, you can make changes to the compact layout for campaign records by adding, removing, or rearranging fields as desired.
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The Current Designs staff has prepared the annual manufacturing budget for the rotomolded line based on an estimated annual production of 4,640 kayaks during 2022. Each kayak will require 74 pounds of polyethylene powder and a finishing kit (rope, seat, hardware, etci. The polyethylene powder used in these kayaks costs $1.00 per pound, and the finishing kits cost $210 each. Each kayak will use two kinds of labor - 2 hours of type I labor from people who run the oven and trim the plastic, and 3 hours of work from type II workers who attach the hatches and seat and other hardware. The type lemployees are paid $12 per hour, and the type ll are paid $9 per hour. Manufacturing overhead is budgeted at $431,600 for 2022 , broken down as follows. During the first quarter, ended March 31, 2022,1,210 units were actually produced with the following costs. During the first quarter, ended March 31,2022,1,210 units were actually produced with the following costs. (a) Prepare the annual manufacturing budget for 2022, assuming that 4,640 kayaks will be produced. (List variable costs before fixed costs.) (b)
The Annual Manufacturing Budget for the year 2022 is given below: Particulars Kayaks Units Variable Costs Fixed Costs Total Cost
Polyethylene powder = 4,640 × 74 =343,360
Finishing kits 4,640 × 210 = 973,440
Type I labor 4,640 × (2 × 12)=111,360
Type II labor 4,640 × (3 × 9)=125,280
Total Variable Costs 1,553,440
Manufacturing Overhead 431,600
Total Fixed Costs 431,600
Total Cost 1,985,040
The annual manufacturing budget for the year 2022 is shown above. The variable costs have been listed before the fixed costs, which is a standard practice.(b) During the first quarter, ended March 31, 2022, 1,210 units were produced with the following costs.
Using this information, we can determine the cost per unit for the first quarter. The costs per unit are shown below:
Particulars Kayaks Units Variable Costs Fixed Costs
Total Cost Polyethylene powder 1,210 × 74=89,540
Finishing kits 1,210 × 210=254,100
Type I labor 1,210 × (2 × 12)=29,040
Type II labor 1,210 × (3 × 9)=32,670
Total Variable Costs 405,350
Manufacturing Overhead 107,900
Total Fixed Costs 107,900
Total Cost 513,250
Hence, the cost per unit for the first quarter was 424.38 (i.e.,13,250/1,210).
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An individual transfers $5,000 and a piece of land to a corporation in exchange for all of its stock. At the time of transfer, the land has an adjusted basis of $50,000 and a fair market value (FMV) of $75,000. The corporation assumes a $60,000 mortgage on the land as part of the transfer for a bona fide business purpose. What is the effect of the transfer?
The exchange of all of the corporation's stock for $5,000 and the parcel of land has the following effects: The contributor's adjusted basis in the shares received ($55,000) equals the combination of the cash contribution ($5,000) plus the adjusted basis of the donated land ($50,000), or $55,000.
The land's fair market value (FMV) at the time of transfer, which was $75,000, serves as the corporation's basis in the property. The $60,000 mortgage on the property is assumed by the corporation, making it liable for it. The person records a capital gain or loss on the sale of the property. Since the FMV ($75,000) in this instance exceeds the The person would record a capital gain of $25,000 ($75,000 - $50,000) on their adjusted basis ($50,000). Overall, the transfer involves the person giving the corporation cash, land, and taking on a mortgage while the company receives the assets (cash and land) and bears the mortgage liability.
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One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecast you provided of 200,000 parts in year 1 ; 300,000 in year 2 ; and 500,000 in year 3 . Shipping and handing of parts from the supplier's factory is estimated at $0.03 per unit. Additional inventory handling charges should amount to $0.005 per unit. Finally, administrative costs are estimated at $20 per month. Although your plant is able to continue producing the part, the plant would need to invest in another molding machine, which would cost $20,000. Direct materials can be purchased for $0.04 per unit. Direct labor is estimated at $0.05 per unit for wages plus a 50 percent surcharge for benefits and, indirect labor is estimated at $0.011 per unit plus 50 percent benefits. Up-front engineering and design costs will amount to $30,000. Finally, management has insisted that overhead be allocated if the parts are made in-house at a rate of 100 percent of direct labor wage costs. The firm uses a cost of capital of 15 percent per year. a. Calculate the difference in NPVs between the Make and Buy options. Express all costs as positive values in your calculations. It is suggested to use the NPV function in Excel. (Do not round intermediate calculations. Round your answer to 2 decimal places.
NPV is short for Net Present Value. The NPV is an economic measure that compares an investment's value to its expenses. The Taiwanese supplier's bid for a new molded plastic component is $0.10 per unit. Direct materials are available for $0.04 per unit.
Management has determined that overhead should be allocated at a rate of 100% of direct labor wage expenses if the parts are made in-house.A molding machine that costs $20,000 would be required if the parts were made in-house. The estimated direct labor costs for wages and benefits are $0.0755 per unit ($0.05 + 0.0255). If the parts are created in-house, there will be up-front engineering and design costs of $30,000. There are estimated administrative expenses of $20 each month.
Shipping and handling from the supplier's factory are expected to cost $0.03 per unit, while additional inventory handling charges are expected to cost $0.005 per unit. The following forecasts have been given: 200,000 units in year 1, 300,000 units in year 2, and 500,000 units in year 3. The firm has a 15% cost of capital per year. In order to calculate the difference in NPVs between the Make and Buy options, we must first determine the present value (PV) of the Make and Buy options' costs and profits.
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s
Failure to record a liability will probably
make a company appear to be less solvent
understate the debt total assets ratio.
result in overstated total liabilities and owner’s equity.
understate net income.
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Failure to record a liability will probably result in overstated total liabilities and owner's equity.
When a company fails to record a liability, it means that it has not recognized an obligation or debt that it owes. This omission can have significant implications on the financial statements and ratios of the company. Specifically, it can lead to an overstatement of total liabilities and owner's equity.
Liabilities represent the company's obligations or debts, and they contribute to the total amount that the company owes. By not recording a liability, the company fails to reflect its true financial position, as it understates the total liabilities.
Consequently, owner's equity, which is calculated as the difference between total assets and total liabilities, will be overstated. This can misrepresent the company's financial health and make it appear to be more solvent than it actually is.
In summary, the failure to record a liability will probably result in an overstatement of total liabilities and owner's equity, leading to a misleading representation of the company's financial position.
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PART #1 - FUNCTIONAL REQUIREMENTS OF NEW SAMOSA STAND You are part of the stakeholders that will decide the functionality of a new samosa automated stand that will be made available for sports events. 1. Brainstorm 10 functional requirements that the stand should have. State them in the following format: Ability to dispense samosas with a choice of filling and pastry. 2. For each of the functional requirements in the previous step, brainstorm non-functional requirements (one non-functional per functional requirement). State them in the following format: Ability to dispense samosas with a choice of filling and pastry (Functional) Pastry shapes could be triangular, cone or half-moon (Non-functional)
The functional requirements of a new samosa stand is that it should have the ability to dispense samosas with a choice of filling and pastry. The following are the ten functional requirements that a new samosa automated stand should have:
Ability to dispense samosas with a choice of filling and pastry
Abilities to maintain the temperature of samosas
Ability to store and maintain a large amount of samosas
Ability to indicate different flavors and ingredients of samosas
Ability to keep the samosas fresh for a long time
Easy-to-use interface with the samosa stand
Ability to accept various forms of payment
Secure payment and food dispensing system
Automatic cleaning system to keep the stand hygienic
Ability to operate without a power source
Now, the non-functional requirements for each of the functional requirements are:
Ability to dispense samosas with a choice of filling and pastry (Functional) Pastry shapes could be triangular, cone, or half-moon (Non-functional)
Abilities to maintain the temperature of samosas (Functional) Maintains samosas temperature as per food safety guidelines (Non-functional)
Ability to store and maintain a large amount of samosas (Functional) Made of durable and lightweight material (Non-functional)
Ability to indicate different flavors and ingredients of samosas (Functional) Attractive display or menu with pictures (Non-functional)
Ability to keep the samosas fresh for a long time (Functional) Built-in refrigeration system (Non-functional)
Easy-to-use interface with the samosa stand (Functional) Easy to navigate user interface with large text (Non-functional)
Ability to accept various forms of payment (Functional) Contactless payment system (Non-functional)
Secure payment and food dispensing system (Functional) Password-protected system with authentication protocols (Non-functional)
Automatic cleaning system to keep the stand hygienic (Functional) Automatic cleaning cycle runs after a specific number of orders (Non-functional)
Ability to operate without a power source (Functional) Emergency battery backup system (Non-functional)
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Petrus Mlambo the Operations Director of a national retailer is somewhat concerned about the impact of COVID 19 as almost thirty-five (35) percent of goods are sourced from companies outside the borders of South Africa. Provide a constructive discussion about the issues in the supply chain that Petrus will have to consider.
Petrus should focus on building resilience, enhancing communication with suppliers, and developing contingency plans to address the potential challenges in the supply chain caused by COVID-19. By adopting a proactive and adaptive approach, he can mitigate risks, ensure continuity of supply, and position the company for sustainable growth.
The COVID-19 pandemic has brought about numerous challenges and disruptions in global supply chains, and Petrus Mlambo, as the Operations Director, needs to address several key issues in the supply chain that may arise due to the reliance on external suppliers. Here are some considerations for Petrus:
Supply chain disruption: With 35% of goods sourced from companies outside South Africa, there is a higher risk of supply chain disruptions. Travel restrictions, lockdown measures, and trade barriers imposed by various countries to contain the spread of COVID-19 can lead to delays, shortages, or even complete stoppage of supplies. Petrus needs to assess the resilience of the supply chain and develop contingency plans to mitigate such disruptions.
Logistics and transportation challenges: Movement restrictions and reduced transportation capacity can significantly impact the smooth flow of goods. Petrus should closely monitor transportation channels, including air, sea, and land routes, to anticipate potential bottlenecks or logistical issues. Alternative transport options and optimized inventory management should be considered to ensure timely delivery of goods.
Supplier financial stability: The pandemic has had severe financial implications for many businesses. Petrus needs to assess the financial health of external suppliers and identify any potential risks of bankruptcy or insolvency. Engaging in regular communication and establishing contingency plans with alternative suppliers can help mitigate the impact of supplier failures.
Quality control and compliance: With a reliance on external suppliers, maintaining consistent quality standards and ensuring compliance with regulations may become more challenging. Petrus should establish effective quality control processes, implement stringent supplier evaluation criteria, and consider remote auditing or inspection methods to ensure product integrity and adherence to safety standards.
Demand volatility and forecasting: COVID-19 has significantly disrupted consumer demand patterns, leading to increased uncertainty. Petrus needs to closely monitor market trends, gather real-time data, and enhance forecasting capabilities to align procurement and production plans accordingly. Adopting flexible production strategies, such as just-in-time manufacturing or agile supply chain practices, can help optimize inventory levels and minimize the risk of excess or obsolete stock.
Reshaping supplier relationships: The pandemic offers an opportunity for Petrus to evaluate and potentially diversify the supplier base. Exploring local sourcing options or establishing strategic partnerships with suppliers in neighboring countries can reduce dependence on a single region and provide more resilience in the supply chain.
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nicole is the development director in the new product department and was recently assigned to development director in the marketing communications area. this is a lateral move that doesn't change her level of responsibility. this is an example of a . multiple choice question.
Nicole's lateral move from being the development director in the new product department to the development director in the marketing communications area is an example of a horizontal or lateral move.
A lateral move refers to a transfer or change in position within an organization that does not involve a promotion or demotion in terms of level of responsibility. In this case, Nicole is moving to a different department but is still maintaining the same level of responsibility as a development director. This means that her job title and duties are changing, but she is not moving up or down the organizational hierarchy.
It is important to note that a lateral move can provide various benefits, such as gaining new skills, expanding knowledge in different areas of the organization, and building a broader professional network. It can also offer opportunities for personal growth and career development. In summary, Nicole's move from the new product department to the marketing communications area as a development director is a lateral move that does not change her level of responsibility.
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ki West, Inc., operates a downhill ski area near Lake Tahoe, California. An all-day adult lift ticket can be purchased for $70. Adult customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from December 1 through April 30. Ski West expects its season pass holders to use their passes equally throughout the season. The company's fiscal year ends on December 31 . On November 6,2016 , Jake Lawson purchased a season pass for $380. Required: 1. When should Ski West recognize revenue from the sale of its season passes? Full amount before the season Equally throughout the season Full amount after the season 2. Prepare the appropriate journal entries that Ski West would record on November 6 and December 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Ski West, Inc. should recognize revenue from the sale of its season passes equally throughout the season Explanation:
Revenue is recognized in accounting when it is earned and realizable.
Revenue is considered to be realized or realizable when it is earned,
and the seller has the right to receive payment for goods sold or services provided.
There are two ways of recognizing revenue from the sale of season passes:
full amount before the season and equally throughout the season.
In the full amount before the season,
revenue is recognized in full when the season passes are sold.
In the equally throughout the season, the revenue is recognized equally as the season progresses.
For Ski West, Inc., the season passes holders are expected to use their passes equally throughout the season.
Ski West, Inc. should recognize revenue from the sale of its season passes equally throughout the season.
Journal entries Date Account Title Debit Credit November 6 Cash 380 Unearned revenue 380 December 31 Unearned revenue76 Revenue 76
The journal entry on November 6,
records the payment received for the season pass, which is credited to Unearned revenue.
On December 31, an adjusting entry is made to record the amount of revenue that has been earned in the period.
Since the season pass holder has access to ski for the entire season,
the amount of revenue earned at the end of December 31 is $76 (1/5th of the $380).
The entry will be a debit to Unearned revenue and a credit to Revenue.
the appropriate journal entries that Ski West would record on November 6 and December 31 are as follows:
November 6:
Cash 380 Unearned revenue 380December 31:
Unearned revenue 76 Revenue 76
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What is the realized rate of return if an investor purchased a $1,000 face value 10-year bond at par
3 years ago and sells it today. The bond has a coupon rate of 6% and the coupons are paid semi
annually and the current YTM on bonds is 7%. What is the holding period return on investment?
please clear steps
The realized rate of return if an investor purchased a $1,000 face value 10-year bond at par 3 years ago and sells it today,
given that the bond has a coupon rate of 6% and the coupons are paid semi-annually,
and the current YTM on bonds is 7% and also what the holding period return on investment is have been requested.
The holding period return on investment is the sum of the income return and the capital gain (or loss) rate over a given investment horizon,
expressed as a percentage.
The formula for holding period return is given below:
Holding period return= (Ending value of investment - Beginning value of investment + Income) / Beginning value of investment.
Given that the bond has a face value of $1000, a coupon rate of 6%, semi-annual coupon payments, and that the bond was purchased at par value, we can calculate the coupon payment amount as:
coupon payment = (6% / 2) × $1000 = $30 per semi-annual period.
The bond has a ten-year maturity, and it was purchased three years ago, then it has 7 years left to maturity.
Since the coupons are paid semi-annually,
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A bond has a $1,000 par value, 16 years to maturity, and pays a coupon of 6.5% per year, quarterly. The bond is callable in six years at $1,125. If the bond's price is $1,036.89, what is its yield to call?
1) 7.14%
2) 7.20%
3) 7.34%
4) 7.29%
5) 7.40%
Using a financial calculator or Excel's RATE function, we find that the YTC is approximately Option 3. 7.34%.
To calculate the yield to call (YTC) of the bond, we need to find the rate of return that makes the present value of the bond's cash flows equal to its current market price.
The bond has a par value (face value) of $1,000, a maturity of 16 years, and pays a coupon of 6.5% per year, quarterly. The bond is callable in six years at $1,125. The current market price of the bond is $1,036.89.
To calculate the YTC, we will use a financial calculator or an Excel spreadsheet with the following inputs:
N = 6 * 4 (since there are 4 quarters in a year and the bond is callable in 6 years)
I/Y = ?
PV = -1,036.89 (negative because it represents an outgoing cash flow)
PMT = 6.5% * 0.25 * 1,000 (quarterly coupon payment)
FV = 1,125 (the callable price at year 6)
By solving for I/Y (the interest rate or yield), we can find the YTC.
Using a financial calculator or Excel's RATE function, we find that the YTC is approximately 7.34%.
Therefore, the correct answer is 3) 7.34%.
The YTC represents the annualized return an investor would receive if the bond is called at the earliest call date. It takes into account both the coupon payments and the potential call premium. In this case, the bond's price is higher than its call price, so the YTC is higher than the coupon rate. Therefore, the correct option is 3.
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Which of the following does the industrial relations perspective state about workplace conflict?
It stems from an employer-employee power imbalance
It is based in poor management
It can be reduced by workplace innovations
It fades from the employment relationship when management improves
Mutual gains-oriented problem-solving techniques can decrease conflict
The industrial relations perspective regarding workplace conflict is that it stems from an employer-employee power imbalance. In this perspective, it is believed that conflict arises in the workplace due to differences in goals, interests, and values of employers and employees.
Employers seek to maximize their profits, while employees seek job security, better working conditions, and improved wages. Therefore, conflicts emerge when employees feel that their interests are not being met by their employer. In industrial relations, workplace conflict can be resolved through mutual gains-oriented problem-solving techniques. This approach focuses on identifying and addressing the underlying causes of conflict and seeking to find mutually beneficial solutions that address the interests of both parties.
By doing so, conflicts can be resolved amicably, and the relationship between employers and employees can be improved. While workplace innovations can reduce conflict, the industrial relations perspective suggests that the most effective way to manage conflict is through communication and collaboration between employers and employees.
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the nature of many service jobs suggests that customer satisfaction will suffer slightly when employees work as a team. a) true b) false
The statement "the nature of many service jobs suggests that customer satisfaction will suffer slightly when employees work as a team" is generally false.
In service industries, teamwork can often lead to improved customer satisfaction. When employees work together as a team, they can provide better coordination, seamless service, and a more comprehensive approach to meeting customer needs. Teamwork allows for the pooling of skills, knowledge, and resources, which can result in enhanced efficiency, faster response times, and higher quality service delivery. Effective teamwork enables employees to support each other, share information, and collaborate to solve problems. It promotes a customer-centric mindset and ensures that customers receive consistent and seamless experiences across different touchpoints. Additionally, teamwork can foster a positive work environment, employee morale, and job satisfaction, which can indirectly contribute to improved customer satisfaction.
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Given the provided forecast assumptions 10-k summary, what is the total expected finance leases liability for fiscal 2024?
A) $294.345
B) $362,442
C) $108,333
D) $nil
Assumptions: Only I will accept a resolution (rational of calculating) of this question.
In the provided forecast assumptions 10-k summary, the total expected finance leases liability for fiscal 2024 is $nil. Therefore, the option (D) is correct.
What are finance leases?Finance leases are also referred to as capital leases. These are rental contracts for assets that are long-term.
A finance lease is an agreement in which the lessee (the borrower) assumes ownership risks and benefits as the lessor (the creditor) transfers the asset's ownership or titles to the lessee by the end of the lease term.
The 10-K summary is an annual report that publicly-traded companies are required to submit to the US Securities and Exchange Commission (SEC).
It provides investors with a comprehensive summary of a company's financial performance, risks, and opportunities.
The 10-K includes information on the company's business, properties, management team, audited financial statements, and other relevant information.
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A pump station has an initial cost of $47,000. Other costs are:
1. Pumps: $9000
2. Control panel: $4000
3. Annual maintenance: $550
4. Salvage value: $10,000
5. Discount rate: 8%
Pump life is 10 years, control panel life is 20 years. Calculate the present worth PW of the pump station after 20 years. [Annualize the operating costs for 20 years ($5400). Calculate the cost of pump replacement after 10 years. ($4170). Calculate the value of salvage. (-$2145). PW = the sum.]
The answer is , the present worth of the pump station after 20 years is $ 719.28.
How to find?In order to find the present worth of the pump station after 20 years, we need to find the cost of pump replacement after 10 years and the value of the salvage.
The cost of pump replacement after 10 years = 9,000 (A/P,8%,10)
= $4,170
Present worth of pump station after 20 years:
PW = -47,000 + 4,170(A/F, 8%,20) + 4,000(A/F, 8%,20) - 5,400(P/A, 8%, 20) - 550(P/G, 8%,20,1) + 10,000(P/F, 8%,20) - 2,145(P/F, 8%,10)
=-47,000 + (4,170/8.559) + (4,000/8.559) - (5,400/12.165) - (550/135.632) + (10,000/4.661) - (2,145/2.158)
= -47,000 + 486.91 + 467.00 - 443.20 - 4.05 + 2,143.31 - 993.68
= $ 719.28
Hence, the present worth of the pump station after 20 years is $ 719.28.
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Crane Dish Printery publishes the best-selling Coptoin Cajur Cookbook that sells for \( \$ 7 \). The company incurs variable costs of \( \$ 2 \) per cookbook and total foed costs are \( \$ 326,700 \)
Based on the cost-volume-analysis, the number of cookbooks that Crane Dish Printer must sell to achieve its target net income is 110,840.
What is cost-volume-analysis?Cost-volume-analysis is an accounting technique that shows how changes in variable and fixed costs affect a firm's target profit.
Using the cost-volume-analysis technique, we can determine the units of cookbooks to sell to achieve the expected net income as follows:
Selling price per cookbook = $7
Variable cost per cookbook = $2
Contribution margin per cookbook = $5 ($7 - $2)
Total fixed costs = $326,700
Expected net income = $182,000
Corporate tax rate = 20%
Let the before-tax expected income = 100%
Let the net income = 80% (100% - 20%)
Before-tax expected income = $227,500 ($182,000/80%)
To achieve a net income of $182,000, the number of books to be sold is given as (Fixed Cost + Before-Tax Income)/Contribution margin per unit
= ($326,700 + $227,500)/$5
= $554,200/$5
= 110,840 cookbooks
Thus, 110,840 cookbooks must be sold to achieve target net income, using the technique of cost-volume-analysis.
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Question Completion:If the company's tax rate is 20%, how many cookbook must be sold to generate $182,000 in net income?
Economics
What is so attractive about the use of QALYs? Provide an example of QALY calculations for a hypothetical health intervention.
Your answer
Q A L Y stands for Quality Adjusted Life Year. Q A L Y s are used to assess the efficiency and effect of healthcare and health intervention. It's a standard measurement unit for health status, which combines length and quality of life.
The concept of Q A L Y s is widely used by policymakers, healthcare experts, and researchers around the world.Q A L Y s are a useful way to compare different healthcare interventions and decide which interventions are more effective and efficient. With the help of Q A L Y s, policymakers can determine whether healthcare interventions are providing value for money.
This helps policymakers make decisions on how to allocate resources and prioritize healthcare spending, maximizing the population's health benefits.Q A L Y s offer an unbiased measurement of the value of healthcare interventions, not only in monetary terms but also in terms of the quality of life of patients.Example of Q A L Y calculations for a hypothetical health intervention .
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a project is just initiated under a contract in your organization, and you were assigned as the project manager. you were expecting a statement of work (sow), which will describe the business need, product scope, and other elements. in this case, from whom should you expect the sow?
As the project manager, you should expect the Statement of Work (SOW) from the party responsible for initiating the project. This could be the client or the organization that you are working for. The SOW is a document that outlines the key details and requirements of the project.
Here are the steps to consider:
1. Identify the party responsible: Determine whether the SOW is expected from the client or from your own organization. This will depend on the specific contract and agreement in place.
2. Contact the responsible party: Reach out to the relevant person or team to request the SOW. This could be the client's project manager, contract manager, or a representative from your organization's management team.
3. Clearly communicate your expectations: When requesting the SOW, make sure to specify the information you need. Ask for a comprehensive document that includes the business need, product scope, objectives, deliverables, timeline, and any other relevant details.
4. Review the SOW: Once you receive the SOW, carefully review it to ensure that it aligns with the project's goals and requirements. Check if the document accurately captures the business need, product scope, and other necessary elements.
5. Seek clarifications if needed: If there are any ambiguities or uncertainties in the SOW, reach out to the responsible party for clarification. It is important to have a clear understanding of the project's scope and requirements before proceeding.
By following these steps, you can expect to receive the SOW from the appropriate party and effectively manage the project based on its defined scope and objectives.
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Recently, networks have become important and crucial in many enterprises. Most companies have tended to support more users and applications by constructing larger, more complicated networks. This fast-growing network may cause problems. Discuss some problems encountered by enterprises in increasing the scale of networks. Then, state the importance of network management and the key requirements of that network management system.
There are various problems that are encountered by enterprises in increasing the scale of networks.
Some of these problems include:
Management challenges: As networks grow in size and complexity, it becomes increasingly difficult to manage them.
This means that there will be more network devices to monitor, more configurations to manage, more users to support, and more applications to troubleshoot.
Security risks: Larger networks can be more difficult to secure.
This is because there are more points of entry for attackers to exploit, and it can be harder to monitor all network traffic for suspicious activity.
Scalability issues: As networks grow, they may become more difficult to scale.
This is because there may be physical limitations to how many devices can be connected to a network, or there may be limitations to how much bandwidth is available for data transfer.
Performance issues: As networks become more complex, there may be performance issues that arise.
This is because there may be congestion on the network, or there may be latency issues that slow down data transfer.
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You are required to answer the following questions by showing relevant workings.
a. Asam Laksa Berhad just paid a dividend of RMI .95 per share on its common stock. The dividends are expected to grow at a constant rate of 6% per year indefinitely. If investors require an 11% return on Asam Laksa Berhad's common stock, find out the common stock price be in three years. b. Asam Pedas Berhad's common stocks price is growing quickly. Dividends are expected to grow at 30% per year during the next three years, with the growth rate falling off to a constant 6% thereafter. If the required rate of return on these common stocks is 13%, and Asam Pedas Berhad just paid RMI .80 dividend, determine the current share price. c. Bond X is a premium bond making annual payments. The bond pays an 8% coupon, has YTM of 6%, and has 13 years to maturity.
Bond Y is a discount bond making annual payments. This bond pays a 6% coupon, has YTM if 8%, and has 13 years to maturity.
If interest rate remains unchanged, compute the price on these bonds to be in:
i. one year ii. 10 year Based on your computation in part (i) and (ii), interpret your findings. (2 Mark
a. Given, Current dividend, D0 = RM0.95
Expected growth rate, g = 6%
Rate of return required by the investors, r = 11%
The growth rate of dividends will remain constant at 6%. Therefore, the dividend paid at the end of the first year, D1 = D0(1 + g) = RM0.95(1 + 0.06) = RM1.007After the end of the first year, the dividend will grow at a constant rate of 6% per annum.
Using the constant growth model, the stock price in 3 years, P3 = D4 / (r - g) = D0(1 + g)4 / (r - g) = RM0.95(1 + 0.06)4 / (0.11 - 0.06) = RM14.49
Therefore, the common stock price would be RM14.49 in three years.
b. Given, Current dividend, D0 = RM0.80
Expected growth rate, g1 = 30%
Growth rate of dividends after 3 years, g2 = 6%
Required rate of return, r = 13%
The dividend in the first year, D1 = D0(1 + g1) = RM0.80(1 + 0.30) = RM1.04
The dividend in the second year, D2 = D1(1 + g1) = RM1.04(1 + 0.30) = RM1.352
The dividend in the third year, D3 = D2(1 + g1) = RM1.352(1 + 0.30) = RM1.7576
Dividend after 3 years, D4 = D3(1 + g2) / (r - g2) = RM1.7576(1 + 0.06) / (0.13 - 0.06) = RM34.81
After one year, the interest rate will be changed. Thus the price of the bonds will also change. After 10 years, the change in the price of the bonds will be significant as the maturity period of the bond is 13 years. Interpretation of the findings: If the interest rate increases, the bond prices decrease, and vice versa. In the case of bond X, when the interest rate remains unchanged, the price of the bond is RM1,156.77.
When the interest rate increases after one year, the price of the bond will decrease, and when the interest rate decreases, the price of the bond will increase. However, for bond Y, the price of the bond will be RM918.35 when the interest rate remains unchanged, which will also change after one year depending upon the change in the interest rate.
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Suppose an investment has three possible outcomes with the following probabilities and returns:
1. 10% chance of losing 7%
2. 70% chance of gaining 9%
3. 20% chance of gaining 17%
What is the investment's expected rate of return?
Question 20 options:
-3.60%
10.40%
6.33%
2.20%
9.00%
The expected rate of return for an investment with three possible outcomes with the following probabilities and returns is 6.33%.Explanation:The investment's expected rate of return is the weighted average of the returns based on the probabilities of each possible outcome.
The expected rate of return can be calculated by using the formula:Expected rate of return = (Probability of outcome 1 x Return of outcome 1) + (Probability of outcome 2 x Return of outcome 2) + (Probability of outcome 3 x Return of outcome 3)In this case, the expected rate of return can be calculated as follows:
Expected rate of return = (0.1 x (-7%)) + (0.7 x 9%) + (0.2 x 17%)
Expected rate of return = (-0.7%) + (6.3%) + (3.4%)
Expected rate of return = 9% - 0.7%
Expected rate of return = 8.3%
However, the given options don't include the calculated expected rate of return, so we need to round it off to the nearest answer choice, which is 6.33% (Option C).Therefore, the investment's expected rate of return is 6.33%.
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Which of the following is a method that can be used to account for periodic interest expense with respect to bonds Effective Interest Method Accelerated Interest Method Deductibility Interest Method None of the above
Effective Interest Method is a method that can be used to account for periodic interest expense with respect to bonds Effective Interest Method Accelerated Interest Method Deductibility Interest Method None of the above
. The Effective Interest Method is a commonly used accounting method for calculating and recording periodic interest expense related to bonds. It takes into account the effective interest rate and amortizes the premium or discount on the bond over its life, resulting in a consistent interest expense recognized over time.
This method provides a more accurate representation of the true cost of borrowing and aligns with the accrual accounting principles. The Accelerated Interest Method and Deductibility Interest Method are not recognized methods for accounting for periodic interest expense related to bonds.
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Click to see additional instructions Use the following to compute the actual unemployment rate (U%) and the labor force participation rate (LFP%). # employed =140 # unemployed =15 Not in labor force =81 Actual unemployment rate (U%)= Labor Force Participation Rate ( LFP%) =
The labor force is the total number of employed and unemployed people, whereas the labor force participation rate (LFP%) measures the percentage of the population that is in the labor force. In addition, the unemployment rate (U%) measures the percentage of the labor force that is unemployed.
We have 140 employed individuals, 15 unemployed individuals, and 81 individuals who are not in the labor force. The formula for calculating the labor force is as follows:
Labor force = Employed + Unemployed
Thus, the labor force is:Labor force = 140 + 15 = 155 individuals
Next, we may calculate the unemployment rate using the following formula:
U% = (Unemployed/Labor force) × 100
Thus, the unemployment rate is:U% = (15/155) × 100 = 9.68%
Finally, we can calculate the labor force participation rate using the following formula:
LFP% = (Labor force/Total population) × 100
The total population is equal to the sum of the labor force and the number of people who are not in the labor force.
Thus, the total population is:
Total population = Labor force + Not in labor force = 155 + 81 = 236 individuals
Therefore, the labor force participation rate is:
LFP% = (155/236) × 100 = 65.68%
In summary, the actual unemployment rate (U%) is 9.68% and the labor force participation rate (LFP%) is 65.68%. The formulae and calculations have been explained in detail above.
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