Use the Cobb-Douglas production function of Question 1 where a= 0.3 and a depreciation rate of 0.1 . Examine the steady-state outcomes of an economy that invests 20% and 30% of GDP. How many periods would it take for an economy with a 20% investment rate to reach its new steady state if it increases its investment rate to 30%?

Answers

Answer 1

Let's denote the investment rate as s, which is the proportion of GDP allocated to investment. In this case, we'll consider two scenarios: s = 0.2 (20%) and s = 0.3 (30%).

For the Cobb-Douglas production function, the capital-output ratio is given by:

K/Y = (s / (n + δ + g))^(1 / (1-α))

For s = 0.2:

K/Y = (0.2 / (0 + 0.1 + 0))^(1 / (1-0.3))

= (0.2 / 0.1)^(1 / 0.7)

≈ 1.585

For s = 0.3:

K/Y = (0.3 / (0 + 0.1 + 0))^(1 / (1-0.3))

= (0.3 / 0.1)^(1 / 0.7)

≈ 2.065

Periods it would take for the economy with a 20% investment rate (s = 0.2) to reach its new steady state if it increases its investment rate to 30% (s = 0.3)

t = ln((K2/Y2) / (K1/Y1)) / ln(1 + g + n + δ)

t = ln((2.065) / (1.585)) / ln(1 + 0 + 0 + 0.1)

≈ ln(1.302) / ln(1.1)

≈ 0.264 / 0.0953

≈ 2.77

Therefore, it would take approximately 2.77 periods for the economy with a 20% investment rate to reach its new steady state if it increases its investment rate to 30%.

Learn more about investment here : brainly.com/question/14921083
#SPJ11


Related Questions

Rae Company purchased a new vehicle by paying $10,500 cash on the purchase date and agreeing to pay $3,500 every three months during the next five years. The first payment is due three months after the purchase date. Rae's incremental borrowing rate is 16%. The vehicle reported on the balance sheet as of the purchase date is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1)

Answers

The vehicle reported on the balance sheet as of the purchase date is closest to the present value (PV) of $1.

When Rae Company purchased the vehicle, they made an initial payment of $10,500 in cash. In addition, they agreed to make subsequent payments of $3,500 every three months for the next five years. The first payment is due three months after the purchase date.

To determine the value of the vehicle reported on the balance sheet, we need to calculate the present value of the future payments. Since the payments are made every three months and the borrowing rate is 16%, we can use the present value of an ordinary annuity (PVA) formula.

By plugging in the values, we can calculate the present value of the future payments as follows:

PVA = Payment Amount * [1 - (1 / (1 + r)^n)] / r

Where:

Payment Amount = $3,500

r = 16% (or 0.16 as a decimal)

n = 5 years * 4 quarters = 20 quarters

Using the formula, the present value of the future payments is approximately $14,632.

Adding the initial cash payment of $10,500 to the present value of the future payments, we can estimate that the vehicle's value reported on the balance sheet as of the purchase date is closest to $25,132, which represents the present value (PV) of $1.

Learn more about Company here: brainly.com/question/30532251

#SPJ11

Why is a business plan an essential tool for a new venture? Is there a best way to write a business plan? What tools are available for the entrepreneur in the creation of business plans? Explore what is required in the creation of a business plan and what the entrepreneur can be expected to learn.

Answers

A business plan helps the entrepreneur articulate their business concept and define its unique value proposition.  A business plan is an essential tool for a new venture due to several reasons.

Clarifying the business concept: A business plan forces the entrepreneur to think through various aspects of the venture, such as the target market, products or services offered, competitive advantage, and business model. This clarity enhances decision-making and ensures that the entrepreneur has a solid foundation for their venture.

Setting goals and objectives: A business plan allows the entrepreneur to establish clear goals and objectives for their venture. These goals can include financial targets, market share objectives, growth milestones, and strategic priorities. By having specific goals in place, the entrepreneur can track progress and align their actions with the desired outcomes.

Securing financing and attracting investors: A well-written business plan is crucial for securing financing from banks, investors, or venture capitalists. It provides a comprehensive overview of the business, its market potential, financial projections, and risk assessment. A strong business plan demonstrates the viability of the venture, instills confidence in potential investors, and increases the likelihood of securing funding.

Guiding operational activities: A business plan serves as a roadmap for the entrepreneur, outlining the steps and strategies required to achieve business objectives. It provides guidance on marketing and sales strategies, operational processes, human resource requirements, and financial management. The plan helps the entrepreneur stay focused and organized, ensuring that resources are allocated effectively to drive business growth.

While there is no one-size-fits-all approach to writing a business plan, there are key elements that should be included:

Executive Summary: An overview of the business concept, market opportunity, competitive advantage, and financial highlights.

Company Description: Details about the business, including its legal structure, mission statement, vision, and core values.

Market Analysis: An assessment of the target market, industry trends, customer demographics, and competitors.

Products or Services: A description of the offerings, their unique features, and benefits to customers.

Marketing and Sales Strategy: Plans for reaching and acquiring customers, pricing strategy, distribution channels, and promotional activities.

Operational Plan: Details on the operational processes, production or service delivery, facilities, technology, and suppliers.

Management and Organization: Information about the management team, key personnel, their roles, and responsibilities.

Financial Projections: Forecasted financial statements, including income statement, balance sheet, and cash flow statement.

Funding Request: If seeking financing, a clear outline of the amount needed, how it will be used, and the proposed terms for investors or lenders.

There are various tools available to entrepreneurs for creating business plans:

Business Plan Software: Dedicated software platforms, such as LivePlan, Bizplan, or Enloop, provide templates and step-by-step guidance to simplify the business planning process.

Online Resources: Numerous websites and organizations offer free business plan templates, samples, and guides to assist entrepreneurs in creating their plans.

Mentors and Business Advisors: Seeking guidance from experienced mentors or business advisors can provide valuable insights and feedback during the planning process.

Entrepreneurial Networks: Engaging with entrepreneurial networks and attending workshops or seminars can provide access to resources, tools, and expert advice on creating effective business plans.

Through the creation of a business plan, an entrepreneur can expect to learn:

Market Insights: Conducting market research and analysis during the planning process helps entrepreneurs understand their target customers, competitors, and industry dynamics.

Financial Literacy: Developing financial projections and understanding key financial metrics enables entrepreneurs to assess the financial viability of their venture and make informed decisions regarding pricing, costs, and profitability.

Strategic Thinking: Creating a business plan requires entrepreneurs to think strategically about their competitive advantage, differentiation strategies

To learn more about business plan, visit:

https://brainly.com/question/15826604

#SPJ11

A decision must be made between two different​ machines, A and B. The machines will produce the same​ product, but only one type of machine​ (either A or​ B) will be purchased. The company estimates that the selling price per unit for the product will be ​$45. The variable cost of production per unit if machine A is selected is believed to be ​$9. The variable cost of production if machine B is selected is believed to be ​$18. The fixed cost of machine A is ​$11,070,000​, and the fixed cost of machine B is ​$2,916,000.
a. The​ break-even quantity is ___________________ units if machine A is selected. ​(Enter your response as a whole​ number.)

Answers

The break-even quantity, if machine A is selected, is 307,500 units.

The break-even quantity, in units, can be calculated by dividing the fixed cost by the difference between the selling price per unit and the variable cost per unit. In this case, if machine A is selected, the fixed cost is $11,070,000, the selling price per unit is $45, and the variable cost per unit is $9.
Break-even quantity = Fixed cost / (Selling price per unit - Variable cost per unit)
Break-even quantity= $11,070,000 / ($45 - $9)
Break-even quantity= $11,070,000 / $36
Break-even quantity= 307,500 units
Therefore, the break-even quantity, in units, if machine A is selected is 307,500 units.

To learn more about break-even quantity visit:

https://brainly.com/question/30663687

#SPJ11

A firm is considering an investment in a new machine with a price of $16.9 million to replace its existing machine. The current machine has a book value of $6.6 million and a market value of $5.3 million. The new machine is expected to have a 4-year life, and the old machine has four years left in which it can be used. If the firm replaces the old machine with the new machine, it expects to save $6.9 million in operating costs each year over the next four years. Both machines will have no salvage value in four years. If the firm purchases the new machine, it will also need an investment of $370,000 in net working capital. The required return on the investment is 12 percent and the tax rate is 22 percent. The company uses straight-line depreciation.
a. What is the NPV of the decision to purchase a new machine? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)
b. What is the IRR of the decision to purchase a new machine? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
c. What is the NPV of the decision to purchase the old machine? (A negative amount should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)
d. What is the IRR of the decision to purchase the old machine? (A negative amount should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. )

Answers

a) The NPV of the decision to purchase a new machine is $810,695.62.

b) The IRR of the decision to purchase a new machine is 20.19%.

c) The NPV of the decision to purchase the old machine is $4,063,866.38.

d) The IRR of the decision to purchase the old machine is 26.92%.

a) NPV of the decision to purchase a new machine

Initial cash outlay $16,900,000

Investment in NWC $370,000

Total investment $17,270,000

After-tax cash flows

Year 1 6,900,000(1 - 0.22) = 5,382,000

Year 2 6,900,000(1 - 0.22) = 5,382,000

Year 3 6,900,000(1 - 0.22) = 5,382,000

Year 4 6,900,000(1 - 0.22) = 5,382,000

Salvage value 0

Depreciation (16,900,000 - 0) / 4 = 4,225,000

Year 1 Year 2 Year 3 Year 4

Depreciation 4,225,000 4,225,000 4,225,000 4,225,000

Total depreciation 16,900,000

The new machine’s incremental cash flows are calculated in the table below.

Year 1 Year 2 Year 3 Year 4 Total

After-tax cash flow 5,382,000 5,382,000 5,382,000 5,382,000 21,528,000

Depreciation (4,225,000) (4,225,000) (4,225,000) (4,225,000) (16,900,000)

Total cash flow 1,157,000 1,157,000 1,157,000 1,157,000 4,628,000

NPV is the sum of the present values of the after-tax cash flows and the present value of the depreciation tax shield:

NPV = -$17,270,000 + $4,628,000(PVIFA12%,4 years) + $16,900,000(PVIFAD12%,4 years)

NPV = -$17,270,000 + $4,628,000(3.0373) + $16,900,000(0.5066)

NPV =$810,695.62

b) IRR of the decision to purchase a new machine

Using a financial calculator or Excel IRR function, we can find that IRR = 20.19%.

c) NPV of the decision to purchase the old machine

Initial cash outlay is the book value of the old machine, or $6.6 million.

After-tax cash flows

Year 1 $6.9 million(1 - 0.22) = $5,382,000

Year 2 $6.9 million(1 - 0.22) = $5,382,000

Year 3 $6.9 million(1 - 0.22) = $5,382,000

Year 4 $6.9 million(1 - 0.22) = $5,382,000

Salvage value $5.3 million

Depreciation ($6.6 million - $5.3 million) / 4 = $325,000

Year 1 Year 2 Year 3 Year 4

Depreciation $325,000 $325,000 $325,000 $325,000

Total depreciation $1,300,000

The old machine’s incremental cash flows are calculated in the table below.

Year 1 Year 2 Year 3 Year 4 Total

After-tax cash flow 5,382,000 5,382,000 5,382,000 5,382,000 21,528,000

Depreciation (325,000) (325,000) (325,000) (325,000) (1,300,000)

Total cash flow 5,057,000 5,057,000 5,057,000 5,057,000 20,228,000

NPV is the sum of the present values of the after-tax cash flows and the present value of the depreciation tax shield:

NPV = -$6,600,000 + $20,228,000(PVIFA12%,4 years) + $1,300,000(PVIFAD12%,4 years)

NPV = -$6,600,000 + $20,228,000(3.0373) + $1,300,000(0.5066)

NPV = $4,063,866.38

d) IRR of the decision to purchase the old machine

Using a financial calculator or Excel IRR function, we can find that IRR = 26.92%.

Learn more about NPV:

https://brainly.com/question/31385035

#SPJ11

During February, $94,090 was paid to creditors on account, and purchases on account were $120,440. Assuming the February 28 balance of Accounts Payable was $40,460, determine the account balance on February 1. b. On October 1 , the accounts recelvable account balance was $43,700. During October, $380,200 was collected from customers on account. Assuming the October 31 balance was $50,300, determine the fees billed to customers on account during October. c. On April 1, the cash account balance was $16,000. During April, cash receipts totaled $243,200 and the April 30 bafance was $11,520. Determine the cash payments made during April.

Answers

a) Net increase/decrease=174, 070 US$. b)Net increase/decrease =329 900 US$. c)Net increase/decrease = 231 680 US$. Let's determine the account balance:

a. To determine the account balance on February 1, we need to calculate the net increase or decrease in the accounts payable balance during February. This can be done by subtracting the payments made to creditors on account and the purchases on account from the February 28 balance.

Net increase/decrease = (Payments on account + Purchases on account) - February 28 balance

Net increase/decrease = ($94,090 + $120,440) - $40,460

b. To determine the fees billed to customers on account during October, we need to calculate the net increase or decrease in the accounts receivable balance. This can be done by subtracting the collections from customers on account from the October 31 balance.

Net increase/decrease = Collections from customers on account - October 31 balance

Net increase/decrease = $380,200 - $50,300

c. To determine the cash payments made during April, we need to calculate the net increase or decrease in the cash account. This can be done by subtracting the cash receipts from the April 30 balance.

Net increase/decrease = Cash receipts - April 30 balance

Net increase/decrease = $243,200 - $11,520

In each case, the net increase or decrease represents the change in the respective account balance during the given period. By calculating these values, we can determine the account balances or amounts for the specified dates or periods.

To learn more about Cash receipts click here:

brainly.com/question/31754110

#SPJ11

You have just won the lottery. You will receive a first payment of $500,000 today and you will receive a total of 25 annual payments with each payment 5% larger than the previous payment. Alternatively, you can have a single lump sum payment today. If you expect you can earn 7.5% on your money, how big does the lump sum payment have to be for you to prefer that option?

Answers

The calculation of the lump sum payment required to prefer that option depends on the specific values of the 25 annual payments and cannot be determined without those values.

To determine the lump sum payment needed for you to prefer that option, we need to compare the present value of the 25 annual payments with the lump sum option. We will calculate the present value of the 25 payments using the formula for the present value of an annuity.

The first payment is $500,000, and each subsequent payment is 5% larger than the previous payment. The interest rate you can earn is 7.5%. The formula to calculate the present value of an annuity is:

Present Value = Payment / (1 + interest rate)^n + Payment / (1 + interest rate)^(n-1) + ... + Payment / (1 + interest rate)

where:

Payment = amount of each payment

Interest Rate = annual interest rate

n = number of payments

Using the formula, we can calculate the present value of the 25 annual payments as follows:

Present Value = $500,000 / (1 + 0.075)^1 + $525,000 / (1 + 0.075)^2 + $551,250 / (1 + 0.075)^3 + ... + Payment / (1 + 0.075)^25

To calculate the present value of the lump sum payment, we can use the formula for the present value of a single sum:

Present Value = Lump Sum Payment / (1 + interest rate)^n

We need to find the lump sum payment that would make you indifferent between receiving the lump sum today or the 25 annual payments. This means that the present value of the 25 payments and the present value of the lump sum payment should be equal.

Once we find the present value of the 25 payments and the lump sum payment, we can compare the two values. If the present value of the lump sum payment is greater than the present value of the 25 payments, you would prefer the lump sum option.

On the other hand, if the present value of the lump sum payment is smaller, you would prefer to receive the 25 annual payments.

The calculation of the lump sum payment required for you to prefer that option would depend on the specific values of the 25 annual payments. Without those values, a precise answer cannot be provided.

For more question on payment visit:

https://brainly.com/question/28424760

#SPJ8

A $3,000,000,000 bond with coupon j2 = 15% maturing in 12 years can be redeemed after 4 years at 108 and after 8 years at 105. Calculate the bond price guarantees investors get a minimum yield of 16%. Also calculate the maximum yield bias obtained by investors

Answers

The maximum yield bias is the difference between the maximum yield price and the face value of the bond.

To calculate the maximum yield bias, subtract the face value of the bond from the bond price:

Maximum Yield Bias = Bond Price - Face Value

To calculate the bond price that guarantees investors a minimum yield of 16%, we need to determine the present value of the bond's cash flows using the minimum yield rate.

Given:

Face value (F) = $3,000,000,000

Coupon rate (C) = 15% or 0.15

Number of periods to maturity (n) = 12 years

Redemption price after 4 years (R1) = 108% or 1.08

Redemption price after 8 years (R2) = 105% or 1.05

Minimum yield rate (Y) = 16% or 0.16

First, let's calculate the present value of the bond's cash flows at the minimum yield rate:

PV = C / (1 + Y)¹+ C / (1 + Y)² + ... + C / (1 + Y)ⁿ + F / (1 + Y)ⁿ

PV = [0.15 × F / (1 + 0.16)¹] + [0.15 × F / (1 + 0.16)²] + ... + [0.15 × F / (1 + 0.16)¹²] + [F / (1 + 0.16)¹²]

Next, let's calculate the present value of the redemption prices at the minimum yield rate:

PV_R1 = R1 × F / (1 + Y)⁴

PV_R2 = R2 × F / (1 + Y)⁸

The bond price that guarantees a minimum yield of 16% is the sum of the present values of the cash flows and the present values of the redemption prices:

Bond Price = PV + PV_R1 + PV_R2

To calculate the maximum yield bias obtained by investors, we need to calculate the bond price using the maximum yield rate. The maximum yield bias is the difference between the maximum yield price and the face value of the bond.

Let's perform the calculations:

PV = [0.15 × 3,000,000,000 / (1 + 0.16)¹] + [0.15 × 3,000,000,000 / (1 + 0.16)²] + ... + [0.15 × 3,000,000,000 / (1 + 0.16)¹²] + [3,000,000,000 / (1 + 0.16)¹²]

PV_R1 = 1.08 × 3,000,000,000 / (1 + 0.16)⁴

PV_R2 = 1.05 × 3,000,000,000 / (1 + 0.16)⁸

Bond Price = PV + PV_R1 + PV_R2

To learn more about bond price, visit:

https://brainly.com/question/13065331

#SPJ11

Mountain Air Company established a $200 petty cash fund on January 1 . From January 3 through 15 . payments were made from the fund, as listed below. On January 17, the fund was replenished with a check for $158. a. January 3 - Pald cash for deliventes to customers $43. b. January 8 . Pald cash to restaurant for catering office lunch $83. c. January 15 - Paid cash for supplies $32 Required: Prepare the Joumal entrles, if any, required for January. (if no entry is required for a transactionievent, select "No Joumal Entry Required" In the finst account field) Journal entry worksheet Journal entry worksheet Record the January 3 through January 15 payments that were made from the fund. Note: Enter debits before credits. Journal entry worksheet On January 17, the fund was replenished with a check for $158. Record the transaction. Note: Enter debits before credits.

Answers

The debits represent the expense accounts related to the payments, and the credits represent the reduction or increase in the petty cash account.

The journal entries for the transactions related to the petty cash fund in January are as follows:

January 3:

Petty Cash Dr $43

Accounts Payable Cr $43 (To record payment for deliveries to customers)

January 8:

Catering Expense Dr $83

Petty Cash Cr $83 (To record payment to restaurant for office lunch catering)

January 15:

Supplies Expense Dr $32

Petty Cash Cr $32 (To record payment for supplies)

January 17:

Petty Cash Dr $158

Cash Cr $158 (To replenish the petty cash fund with a check)

The journal entries for the transactions related to Mountain Air Company's petty cash fund in January are as follows: January 3 - Payment for deliveries to customers ($43), January 8 - Payment to restaurant for office lunch catering ($83), January 15 - Payment for supplies ($32), and January 17 - Replenishment of the petty cash fund with a check ($158).

These journal entries accurately reflect the transactions related to the petty cash fund, ensuring proper recording of expenses and the replenishment of the fund.

Learn more about Cash fund here:

brainly.com/question/18724191

#SPJ11

10.when a successful plumber came to your home to perform a repair, he told you that his fee was $90 if you pay with a credit card or $85 if you pay with cash. a.does this situation raise any ethical issues? b.would it raise any ethical issues if the cash price had instead been $65?

Answers

The given scenarios could raise ethical issues regarding fairness, honesty, tax evasion, and potential discriminatory practices.

a. In the given situation, where the plumber charges $90 if paid with a credit card and $85 if paid with cash, there may be ethical issues involved. The plumber is essentially incentivizing customers to pay in cash by offering a lower price. This raises questions about fairness and honesty.

If the plumber is not reporting cash payments, it could be considered tax evasion, which is unethical and illegal.

Additionally, if the plumber charges different prices for the same service based on the payment method, it may be seen as discriminatory or deceptive.

b. If the cash price had been $65 instead of $85, it would further heighten the ethical concerns.

The price difference between cash and credit card payments would be even more significant, potentially encouraging customers to choose the cash option, leading to a potential increase in unreported income.

This situation could raise suspicions of illegal activity and further support the notion of unethical behavior.

In conclusion, the given scenarios could raise ethical issues regarding fairness, honesty, tax evasion, and potential discriminatory practices.

To know about plumber visit;

brainly.com/question/17852512

#SPJ11

1.) Guy wants to invest in a fund that he can "let sit" for 12 years then "cash out" for $15,000 at EOY 12. If the expected annual interest rate is 5%, what is the amount he should invest today (at EOY 0)?
2.)You have $1,500,000 accumulated in a retirement account. Assuming you want a uniform 25-year payout from this lump sum (i.e., a 25 year annuity), how much will your annual "withdrawal" from the account be? Assume a nominal rate of 3%.
3.) Alt A's useful life would commence at the start of FY23 and finish at the end of FY27. Alt B's useful life would commence at the start of FY25 and finish at the end of FY27. Alt C's useful life would commence at the start of FY24 and finish at the end of FY38. Applying the repeatability assumption, what is the minimum study period for comparing the PW of these three alternatives?

Answers

1. Guy should invest approximately $8,356.29 today to cash out $15,000 in 12 years with a 5% annual interest rate.

2. With $1,500,000 in a retirement account and a 25-year payout, the annual withdrawal will be around $10,827.77 at a 3% interest rate.

3. The minimum study period for comparing the present worth of three alternatives is 5 years, from FY23 to FY27.


1. To calculate the amount that needs to be invested today, we can use the formula for the present value of a future amount:

PV = FV / (1 + r)^n

Where:

PV = Present value (amount to be invested today)

FV = Future value (desired cash out amount)

r = Annual interest rate (as a decimal)

n = Number of years

Given information:

FV = $15,000

r = 5% = 0.05

n = 12 years

Substituting the values into the formula:

PV = $15,000 / (1 + 0.05)^12

PV = $15,000 / (1.05)^12

Now we can evaluate this expression:

PV ≈ $15,000 / 1.795856

PV ≈ $8,356.29

Therefore, the amount the guy should invest today, at the end of year 0, is approximately $8,356.29.

2. To calculate the annual withdrawal amount from a retirement account, we can use the formula for the present value of an annuity:

PMT = PV * (r / (1 - (1 + r)^(-n)))

Where:

PMT = Annual withdrawal amount

PV = Present value (lump sum amount)

r = Annual interest rate (as a decimal)

n = Number of years

Given information:

PV = $1,500,000

r = 3% = 0.03

n = 25 years

Substituting the values into the formula:

PMT = $1,500,000 * (0.03 / (1 - (1 + 0.03)^(-25)))

Now we can evaluate this expression:

PMT ≈ $1,500,000 * 0.03 / 0.41254009

PMT ≈ $10,827.77

Therefore, the annual withdrawal amount from the retirement account, assuming a 25-year payout and a nominal interest rate of 3%, will be approximately $10,827.77.

3. To determine the minimum study period for comparing the present worth (PW) of the three alternatives, we need to find the latest end year among the alternatives. In this case, Alt B has the latest end year, which is FY27.

Therefore, the minimum study period would be from the start of FY23 (when Alt A's useful life begins) to the end of FY27 (when Alt B's useful life ends). This gives us a study period of 5 years.

Therefore, the minimum study period for comparing the present worth of these three alternatives is 5 years.


To learn more about present value click here: brainly.com/question/14856341

#SPJ11

In the case of Toyota, several forces of change ultimately created opportunities for the company. What global competitive forces created opportunities for Toyota? Was Toyota suited to take advantage of these opportunities?
How does Toyota embrace the total quality management concept? Give examples of systems or processes at Toyota that define their commitment to TQM.
The four major internal components of an open system view of an organization are task, people, technology, and structure. Give examples of how Toyota utilized each of these four components in transforming their company to an auto manufacturing leader.
Answer these by reading the following prompt:
Toyota knows how to make cars. It does it so well it became the first company to produce more than 10 million a year. Its success is rooted in a special system and began what's now known as lean manufacturing, an ethos emulated by companies around the world to make products faster, cheaper, and better. Here's how Toyota changed the way we make things.
Following the second world war, Japan was left in a precarious economic position.
Steel and other metals are scarce.
Already disadvantaged by lacking natural resources, materials were hard to come by and companies had to be creative to compete. Toyota's founder Sakichi Toyoda had started a loom business but it was his son Kiichiro who founded the motor company in 1937. They were used to working within narrow margins. As the shortage of materials increased during the war, the number of headlamps on its Model K truck was reduced to one, and it only had brakes on one of the axles. The turning point for Toyota's production system would come in the early '50's when Kiichiro's cousin Eiji would travel to the U.S. with a veteran loom machinist Taiichi Ohno. They visited Ford's River Rouge Plant in Michigan and were impressed by the scale of the operation but knew that in cash-strapped Japan, companies didn't have the resources for such a system. Having months worth of stock sitting in a warehouse would tie up precious capital they didn't have. Instead, what truly impressed Ohno was a visit to a supermarket, a Piggly Wiggly, according to legend. Japan didn't really have self-service stores at this point and he was struck by the way customers could choose exactly what they wanted when they wanted. He decided to model his production line on a similar idea. With the supermarket formula, only enough parts were produced in the first phase to replace what was used in the second, and so on. This is where the just-in-time system really took shape. Toyota was able to eliminate much of the waste in Ford's system making smaller numbers of parts to be used when it needed them allowing the company to operate on a tighter budget. As part of this, Ohno developed Kanban, a sign-based scheduling method which shows goods in, goods in production, and goods out. It's now seen as a precursor to barcodes. Ohno and Toyota also noticed that American car companies were still employing many of Henry Ford's early production techniques. They kept operations at full tilt in order to maximize efficiencies of scale but then had to repair defective cars after they rolled off the line. Ohno believed this caused more problems and didn't encourage workers or machines to stop making the mistake. So he placed a cord above every station which any worker could pull to stop the entire assembly if they spotted a problem. A whole team would work on it to prevent it from happening again. As teams identified more problems, the number of errors began to drop dramatically. Combined with a culture of continuous incremental improvement called Kaizen, the Toyota Production System built a brand name for making reliable and affordable cars. But Toyota was also getting good at producing cars quickly. In 1962, the company had produced 1 million vehicles. By 1972, they'd produced 10 million. It was around that time that the efficiencies of their factories enabled Toyota to produce a car every 1.6 man hours, much lower than their competitors in the U.S., Sweden, and Germany. And as the oil crisis of the decade sent gas prices higher, cheap-to-run Japanese cars became much more appealing to Americans. These powerful but gas guzzling vehicles suddenly became very expensive to run. Today, Toyota has made over 250 million vehicles. Others have looked to them to learn the lessons of lean, combining craft with mass production, avoiding waste while striving for constant improvement. Boeing is perhaps the most famous, restructuring a plant to better suit TPS. Intel is another long-time lean ambassador and is exploring the principles in the context of AI and the internet of things. A Canadian hospital even used Toyota's system to decrease wait times in its ER. The Toyota Production System changed not just how cars are made globally but how we approach making things [inaudible]. It also showed that there's always a better way to make a product

Answers

The global competitive forces that created opportunities for Toyota include: Economic Constraints; Cost Efficiency; Just-in-Time System; and Continuous Improvement.

Japan's scarcity of resources and materials after World War II forced companies like Toyota to find innovative ways to compete. The limited availability of steel and other metals compelled Toyota to optimize its production processes and reduce waste.

Toyota's founder and leaders recognized the importance of cost-effective production. They aimed to eliminate waste and streamline operations to make products faster, cheaper, and better than their competitors.

Toyota embraces the total quality management (TQM) concept through various systems and processes. Some examples of how Toyota demonstrates its commitment to TQM include: Kanban System; Andon Cord; Kaizen Philosophy; and Cross-functional Teams.

Regarding the four major internal components of an open system view of an organization are: Task; People; Technology; and Structure. By utilizing these four components effectively, Toyota transformed itself into an auto manufacturing leader, continuously improving its processes, products, and employee engagement.

Learn more about Toyota here:

https://brainly.com/question/33014638

#SPJ12

Process steps that customers perform in their own home are in which domain?

a. The customer's independent processing

b. Direct interaction

c. The provider's surrogate interaction

d. The provider's independent processing

Answers

Process steps that customers perform in their own home fall under the domain of the customer's independent processing(A).

When customers perform certain tasks or steps in their own home as part of a service or product usage, it is considered the customer's independent processing. This means that the customer is responsible for carrying out specific actions or activities without direct involvement or interaction with the service provider.

For example, if a customer purchases a self-assembled furniture kit and follows the instructions to assemble it at home, the process of assembling the furniture would be classified as the customer's independent processing. The service provider does not directly participate or have control over this aspect of the customer's experience.

In contrast, direct interaction refers to the engagement and communication between the customer and the service provider during the service encounter. The provider's surrogate interaction involves interactions with representatives or proxies acting on behalf of the service provider. The provider's independent processing refers to the internal operations and processes performed by the service provider without direct involvement from the customer.

Learn more about Direct interaction here:

brainly.com/question/14100744

#SPJ11

wells fargo is a financial services organization with more than 70 million customers. they use their crm as a way to connect and manage client social media responses along with improving their response time to customer questions. this example shows that

Answers

Wells Fargo is a financial services organization that serves over 70 million customers. They leverage their Customer Relationship Management (CRM) system to connect with clients and effectively manage social media responses.

This enables them to improve their response time to customer questions. By integrating social media management into their CRM, Wells Fargo ensures a seamless and efficient approach to handling customer queries across various platforms. This allows them to monitor and engage with customers on social media, enhancing their overall customer experience. Additionally, the CRM enables Wells Fargo to track and analyze customer interactions, gaining valuable insights into customer preferences and behavior. This information helps them tailor their services and offerings to better meet customer needs. Overall, Wells Fargo's use of CRM for social media management exemplifies their commitment to providing excellent customer service and staying connected with their vast customer base.

to know about Customer Relationship Management visit:

https://brainly.com/question/33122518

#SPJ11

View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Presented below are selected transactions at Vaughn Company for 2020. Jan. 1 June 30 Dec. 31 2.27/5: Date Retired a piece of machinery that was purchased on January 1, 2010. The machine cost £62,400 on that date. It had a useful life of 10 years with no residual value. Sold a computer that was purchased on January 1, 2017. The computer cost £42.900. It had a useful life of 5 years with no residual value. The computer was sold for £15,100. Discarded a delivery truck that was purchased on January 1, 2016. The truck cost £35,340. It was depreciated based on a 6-year useful life with a £3,000 residual value. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of Vaughn Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2019.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit

Answers

Vaughn Company follows straight-line depreciation. However, the specific account titles and amounts are not provided, preventing me from generating a complete answer.

To accurately prepare the journal entries, the account titles and amounts to be debited and credited are crucial. These details determine the specific accounts affected by each transaction and the corresponding amounts. Unfortunately, without this information, I cannot provide a complete answer. However, for each transaction, the general approach would involve debiting the relevant asset account and crediting any related accumulated depreciation or gain/loss accounts. The specific amounts would depend on the original cost, accumulated depreciation, and any gains or losses incurred upon retirement, sale, or disposal of the assets.

Without the specific account titles and amounts, it is not possible to provide the journal entries. To ensure accurate recording of the transactions, it is important to consult the company's accounting records or financial statements, or refer to additional information that provides the necessary details for each transaction.

To learn more about depreciation click here

brainly.com/question/30531944

#SPJ11

The entry to adjust prepaid insurance at the end of a fiscal period when the balance of the prepaid insurance account is $3,600.00 and the value of the prepaid insurance is $1,600.00 is a. debit Insurance Expense, $1,600.00; credit Prepaid Insurance, $1,600.00 b. debit Insurance Expense, $2,000.00; credit Prepaid Insurance, $2,000.00. c. debit Prepaid Insurance, $1,600.00; credit Insurance Expense, $1,600.00. d. debit Prepaid Insurance, $2,000.00; credit Insurance Expense, $2,000.00.

Answers

The correct entry to adjust prepaid insurance at the end of the fiscal period when the balance of the prepaid insurance account is $3,600.00 and the value of the prepaid insurance is $1,600.00 is option (c): debit Prepaid Insurance, $1,600.00; credit Insurance Expense, $1,600.00.

Prepaid insurance represents the amount paid in advance for insurance coverage. At the end of the fiscal period, adjustments are made to properly allocate the expense and reflect the remaining value of the prepaid insurance. In this scenario, the prepaid insurance account has a balance of $3,600.00, but the value of the prepaid insurance is only $1,600.00.

To adjust for this, we need to reduce the prepaid insurance account by the value of the insurance that has been used up during the period. This reduction is recorded as a debit to the Prepaid Insurance account. At the same time, we need to recognize the expense incurred during the period, which is recorded as a credit to the Insurance Expense account.

Therefore, the correct entry is to debit Prepaid Insurance for $1,600.00 (to reduce the balance) and credit Insurance Expense for $1,600.00 (to recognize the expense). This adjustment ensures that the financial statements accurately reflect the portion of insurance expense that relates to the current period and properly accounts for the remaining prepaid insurance balance.

learn more about prepaid insurance here:

https://brainly.com/question/30361066

#SPJ11

Problem 5 Demand and supply of funds in Caury Land is same as in the problem above: r = 29-0.04F; r = 2 + 0.02F (where, r is in %, F is in millions of dollars). The global interest rate equals 6%. answer points grade Caury Land borrows / lends 5 5
Amount that Caury Land borrows / lends 10 10

Answers

demand and supply of funds in Caury Land as r = 29-0.04

F and r = 2 + 0.02F respectively.

Where r is in %, F is in millions of dollars. Global interest rate equals to 6%.

We are required to determine whether Caury Land borrows or lends and amount of money borrowed or lent.

As given, the demand and supply of funds are:

r = 29-0.04F  ---(1)

r = 2 + 0.02F   ---(2)

Comparing equation (1) and (2),

we get:29 - 0.04F = 2 + 0.02F27 = 0.06F⇒ F = 27/0.06= 450 million dollars

Let's compare the demand and supply of funds to determine whether Caury Land borrows or lends:

r = 29-0.04F= 29 - 0.04(450)= 11%r = 2 + 0.02F= 2 + 0.02(450)= 11%

The global interest rate is 6%, and the rate at which Caury Land can borrow is higher than the global interest rate, which means Caury Land can borrow.

So, Caury Land borrows money, and the amount borrowed is 450 million dollars. Answer:Caury Land borrows450 million dollars

To know more about Global interest rate visit:

https://brainly.com/question/32373859

#SPJ11

Explain in detail offering examples of uses of cost accounting for business purposes.

Answers

Cost accounting plays a crucial role in various business purposes. It aids in the costing of products, cost control and reduction, pricing decisions, budgeting and forecasting, and performance evaluation.

By providing detailed cost information, businesses can make informed decisions and improve their financial management.

Costing of Products: Cost accounting helps businesses determine the cost of manufacturing or producing their products. It involves analyzing direct costs (such as raw materials and labor) and indirect costs (such as overhead expenses) to allocate them to specific products. This information is vital for pricing decisions and evaluating the profitability of different products.

Cost Control and Reduction: Cost accounting enables businesses to identify areas of high cost and implement cost control measures. By monitoring and analyzing cost variances, businesses can identify inefficiencies, waste, or areas where costs can be reduced. This helps in optimizing resources, improving productivity, and increasing profitability.

Pricing Decisions: Cost accounting provides the necessary information to determine appropriate pricing strategies. By understanding the cost structure and considering factors like market demand and competition, businesses can set prices that ensure profitability while remaining competitive in the market.

Budgeting and Forecasting: Cost accounting plays a significant role in budgeting and forecasting processes. By analyzing historical cost data and considering future business projections, businesses can estimate costs, plan budgets, and set financial targets. This helps in resource allocation, identifying potential cost overruns, and making strategic decisions to achieve financial goals.

Performance Evaluation: Cost accounting provides a basis for evaluating the performance of various departments, products, or projects. By comparing actual costs with budgeted or standard costs, businesses can assess performance, identify cost variances, and take corrective actions if necessary. This aids in monitoring efficiency, identifying areas for improvement, and enhancing overall organizational performance.

Decision Making: Cost accounting information is vital for making informed business decisions. Whether it's evaluating make-or-buy decisions, introducing new products, or expanding operations, cost accounting helps assess the financial impact and feasibility of different options. It provides data on costs, revenues, and profitability, enabling businesses to make strategic and financially sound decisions.

By utilizing cost accounting techniques and information, businesses can enhance their financial management, optimize costs, improve decision-making processes, and ultimately achieve their financial goals.

Learn more about cost accounting here: brainly.com/question/24130824

#SPJ11

QUESTION 6

A national news event leads to a surge of interest in education policy. For an education think tank, this represents an organizational _____.

strength

weakness

threat

opportunity​

Answers

For an education think tank, a surge of interest in education policy resulting from a national news event represents an organizational opportunity.

The given scenario describes a surge of interest in education policy due to a national news event. In this context, we can analyze the situation using a SWOT (Strengths, Weaknesses, Opportunities, Threats) framework to determine how it affects an education think tank.

An organizational opportunity refers to a favorable external factor that can be leveraged to benefit the organization. In this case, the surge of interest in education policy presents an opportunity for the education think tank. Here's why:

1. Increased Relevance: The surge of interest indicates a heightened public awareness and concern for education policy. It provides the think tank with an opportunity to showcase its expertise and influence the policy discourse, enhancing its relevance and reputation.

2. Expanded Audience: With a larger audience interested in education policy, the think tank can reach a broader range of stakeholders, including policymakers, educators, parents, and the general public. This increased attention can lead to more collaborations, partnerships, and dissemination of research findings.

3. Resource Mobilization: The heightened interest in education policy may attract funding opportunities, grants, and sponsorships. Organizations and individuals invested in education may be more inclined to support the think tank's initiatives, enabling it to expand its research, advocacy, and outreach efforts.

4. Policy Impact: The surge of interest can create an environment conducive to policy change. The think tank can leverage this momentum to propose evidence-based solutions, contribute to policy debates, and advocate for reforms that align with its mission and goals.

It's important to note that while the surge of interest presents an opportunity, the think tank must effectively capitalize on it by strategically engaging stakeholders, producing impactful research, and fostering collaborations. By seizing this opportunity, the think tank can advance its mission, influence education policy, and make a meaningful impact in the field of education.



To learn more about organization click here: brainly.com/question/33444004

#SPJ11

Carver Incorporated purchased a building and the land on which the building is situated for a total cost of $700,000 cash. The land was appraised at $320,000 and the building at $480,000.
Required
d. Record the purchase in general journal format.

Answers

Journal entry for the purchase of a building and land by Carver Incorporated is given below:Debit: Building $480,000Debit: Land $320,000Credit: Cash $700,000Explanation:Carver Incorporated has purchased a building and land for a total cost of $700,000 cash.

The land has an appraised value of $320,000, and the building has an appraised value of $480,000.The purchase of a building and land will be recorded in the general journal of Carver Incorporated as follows:Debit: Building $480,000Debit: Land $320,000Credit: Cash $700,000The building and land will be recorded on the balance sheet as fixed assets.

The total amount of fixed assets will be $800,000, which is equal to the sum of the value of the building and land.The journal entry will increase the value of the building and land by $700,000. The cash account will be credited for the same amount as it is an outflow of cash for the company.

To know more about purchase visit:-

https://brainly.com/question/28187909

#SPJ11

Select all that apply Issuing stock in exchange for cash will: O increase net income. O decrease cash. O increase stockholders' equity. O be reported on the statement of cash flows. O decrease stockholders' equity.

Answers

Issuing stock for cash will increase stockholders' equity and decrease cash, but it won't affect net income or be reported on the statement of cash flows. Option B, C.

Issuing stock in exchange for cash will not increase net income

Net income represents the company's profitability from its operations, and issuing stock does not directly impact the revenue or expenses of the business. It is a financing activity that affects the company's capital structure.

Issuing stock in exchange for cash will increase stockholders' equity. Stockholders' equity represents the ownership interest in the company held by the shareholders. When new shares are issued and cash is received in exchange, the company's stockholders' equity increases as the company now has additional capital contributed by the shareholders.

Issuing stock in exchange for cash will decrease cash . When shares are issued, the company receives cash from investors. As a result, the cash balance decreases as the company exchanges its shares for the cash received. This is a cash outflow from the company's perspective.

Issuing stock in exchange for cash will not be reported on the statement of cash flows. The statement of cash flows reports the cash inflows and outflows from operating, investing, and financing activities. Issuing stock is considered a financing activity, but it is not directly reported on the statement of cash flows. Instead, it is disclosed in the notes to the financial statements.

Issuing stock in exchange for cash will not decrease stockholders' equity. On the contrary, issuing stock increases stockholders' equity by adding additional capital to the company.

To summarize, issuing stock in exchange for cash will decrease cash, increase stockholders' equity, and will not directly impact net income or be reported on the statement of cash flows. Option B, C.

For more question on stockholders visit:

https://brainly.com/question/14804844

#SPJ8

which of the following is not correct about the effects of a tariff on an imported product? which of the following is not correct about the effects of a tariff on an imported product? tariffs mean higher prices and less consumption for consumers of the product. tariffs increase government revenue. tariffs increase the efficiency of how resources are allocated. tariffs benefit domestic producers by raising price and domestic output.

Answers

The other statements, including tariffs leading to higher prices and less consumption for consumers, increasing government revenue, and benefiting domestic producers by raising price and output, are all valid effects of tariffs.

Tariffs are taxes imposed on imported goods, and their primary purpose is to protect domestic industries by making foreign products more expensive. While tariffs can generate government revenue and benefit domestic producers by raising prices and output, they do not increase the efficiency of resource allocation. In fact, tariffs can lead to inefficiencies by distorting market forces and preventing resources from being allocated based on comparative advantage. Tariffs can disrupt international trade, reduce competition, and hinder the optimal allocation of resources across countries. Therefore, the statement suggesting that tariffs increase the efficiency of resource allocation is not accurate.

know more about Tariffs :brainly.com/question/18124245

#SPJ11

Which of the following statements is correct about sustainability accounting? Sustainability accounting has been in existence since 1592. Sustainability accounting tracks a company's "green" score. Sustainability accounting is a subset of GAAP applied only to socially responsible companies Sustainability accounting aims to provide managers a broad set of information to meet the needs of multiple stakeholders.

Answers

Sustainability accounting aims to provide managers a broad set of information to meet the needs of multiple stakeholders. This statement is correct. Sustainability accounting is a branch of accounting that focuses on measuring, reporting, and analyzing the economic, environmental, and social impacts of an organization. It provides information beyond traditional financial accounting measures and takes into account the organization's sustainability performance and practices.

Sustainability accounting has gained significant importance in recent years as businesses recognize the need to integrate environmental and social considerations into their decision-making processes. It helps organizations assess their impact on the environment, society, and economy, allowing them to identify areas for improvement and make more informed decisions that align with sustainable practices.

By providing a broader set of information, sustainability accounting enables managers to consider the interests of various stakeholders, including investors, employees, customers, communities, and the environment. It goes beyond financial performance and incorporates non-financial indicators such as carbon emissions, energy consumption, social responsibility, and ethical practices. This holistic approach supports better decision-making that takes into account the long-term viability and resilience of the organization in a changing business landscape.

In summary, sustainability accounting aims to provide managers with a broad set of information to meet the needs of multiple stakeholders. It goes beyond financial measures and focuses on measuring and reporting on the economic, environmental, and social impacts of an organization, helping businesses make informed decisions that align with sustainability goals.

For more such answers on Sustainability

https://brainly.com/question/29235662

#SPJ8

Cumulative Preferred Dividends Capital stock of Barr Company includes: Common stock, $5 par, 630,000 shares outstanding $3,150,000 630,000 Preferred stock, 15% cumulative, $70 par, 9,000 shares outstanding As of December 31, 2024, 2 years' dividends are in arrears on the preferred stock. During 2025, Barr plans to pay dividends that total $373,500. Required: 1. Determine the amount of dividends that will be paid to Barr's common and preferred stockholders in 2025. Total dividend to preferred stockholders Total dividend to common stockholders $ 2. If Barr paid $293,500 of dividends, determine how much each group of stockholders would receive. Total dividend to preferred stockholders Total dividend to common stockholders $

Answers

The total dividend to preferred stockholders in 2025 will be $90,000, and the total dividend to common stockholders will be $283,500.

If Barr paid $293,500 of dividends, the preferred stockholders would receive $90,000, and the common stockholders would receive $203,500. To determine the amount of dividends that will be paid to Barr's stockholders in 2025, we need to consider the preferred stock and common stock separately. The preferred stock is cumulative, meaning that any unpaid dividends accumulate and must be paid before dividends can be distributed to common stockholders.

The total dividend to preferred stockholders will be the sum of the two years' dividends in arrears ($70 x 15% x 9,000 x 2) plus the dividends for 2025 ($70 x 15% x 9,000). This amounts to $90,000. The total dividend to common stockholders is the remaining amount after paying the preferred stock dividends, which is $373,500 - $90,000 = $283,500.

If Barr paid $293,500 of dividends, the distribution of dividends would be proportional to the ownership interests of preferred and common stockholders. The preferred stockholders would receive their fixed dividend amount of $90,000, and the remaining amount of $203,500 would be distributed to the common stockholders. The exact distribution to each group would depend on their respective ownership percentages and the number of shares held by each group.

To learn more about stockholders click here

brainly.com/question/3602465

#SPJ11

In ancient Greece, why was gold a more likely candidate for use as money than wine was? 7. What is the yield to maturity on a $1,000-face-value discount maturing in one year that sells for $800 ? 8. You have just won $10 million in the local lottery, which promises to pay you $1 million (tax free) every year for the next ten years. Have you really won $10 million? 9. A) If you decide to hold $100 less cash than usual and therefore deposit $100 in cash in the bank, given a reserve requirement of 10%, what effect will this have on checkable deposits in the banking system if the rest of the public keeps its holdings of currency constant? B) If the required reserve ratio on checkable deposits increases to 20%, how much multiple deposit creation will take place when reserves are increased by 100 ? 10. If the economy starts to boom and loan demand picks up, what do you predict will happen to the money supply? 11. What do you predict would happen to the money supply if expected inflation suddenly increased?

Answers

The yield to maturity on a $1,000-face-value discount maturing in one year that sells for $800 can be calculated as follows: Yield to maturity = (Face value - Purchase price) / Face value * 100, Yield to maturity = (1000 - 800) / 1000 * 100, Yield to maturity = 200 / 1000 * 100, Yield to maturity = 20%. Therefore, the yield to maturity on this discount bond is 20%.

No, you won $10 million. Although the lottery promises to pay you $1 million (tax-free) every year for the next ten years, the total present value of these future payments is less than $10 million. The current value of future cash flows considers the time value of money, meaning that a dollar received in the future is worth less than a dollar received today. To determine the actual value of your winnings, you would need to discount each future payment back to the present using an appropriate discount rate. The sum of these present values would provide the actual value of your lottery winnings. A) If you decide to hold $100 less cash than usual and deposit $100 in the bank, given a reserve requirement of 10%, the effect on checkable deposits in the banking system would be an increase of $1,000. This is because the initial deposit of $100 is subject to the reserve requirement of 10%, and banks must hold 10% of deposits as reserves. The remaining 90% of the deposit can be lent out, creating new checkable deposits in the banking system. Since the initial deposit is $100, the total increase in checkable deposits would be $1,000 ($100 / 0.1). B) If the required reserve ratio on checkable deposits increases to 20% and reserves are increased by $100, the multiple deposit creation would be $500. This is calculated by dividing the change in reserves ($100) by the reserve requirement (20%) to obtain the change in checkable deposits ($500 = $100 / 0.2). The money supply will likely increase if the economy booms and loan demand picks up. As loan demand increases, banks will lend out more funds, creating new deposits in the banking system. This process, known as deposit creation or credit expansion, increases the money supply. The central bank may also accommodate the increased demand for money by implementing expansionary monetary policies, such as lowering interest rates or increasing the money base. If expected inflation suddenly increases, the money supply will likely decrease. As inflation expectations rise, individuals and businesses may anticipate higher prices and prefer to hold less money in their wallets and bank accounts. This increased preference for non-monetary assets can lead to a decrease in the demand for money. To counteract this decrease in the money supply, the central bank may implement contractionary monetary policies, such as raising interest rates or reducing the money base.

Learn more about Yield to Maturity here: https://brainly.com/question/29104590.

#SPJ11

Use the information given below to prepare the Income Statement for March 2022 according to the absorption costing method.
The following information was extracted from the accounting records of Alpha Enterprises for the month ended 31 March 2022: Sales 3 200 units Selling price per unit R100 Finished products on 01 March 2022 400 units Products manufactured during the month 3 600 units Variable manufacturing costs per unit R26 Variable selling and administrative costs per unit sold R12 Fixed manufacturing costs R25 200 Fixed selling and administrative costs R12 400 Additional information The variable manufacturing cost per unit and total manufacturing cost per unit of the finished goods on 01 March 2022 was R21.60 and R26.20 respectively

Answers

Fixed selling and administrative costs is R12,400 ,we need to calculate the cost of goods sold and deduct it from the sales revenue.

Here are the steps to calculate the income statement:

Calculate the cost of goods sold (COGS):

Beginning finished goods inventory = 400 units

Units manufactured during the month = 3,600 units

Total units available for sale = 4,000 units (400 + 3,600)

Variable manufacturing cost per unit = R26

Fixed manufacturing cost per unit = R25,200 (R25,200 / 4,000 units)

Total manufacturing cost per unit = Variable manufacturing cost per unit + Fixed manufacturing cost per unit

Total manufacturing cost per unit = R26 + R25,200 / 4,000 units

Total manufacturing cost per unit = R51.20

COGS = Units sold during the month * Total manufacturing cost per unit

COGS = 3,200 units * R51.20 per unit

Calculate the gross profit:

Gross profit = Sales revenue - COGS

Gross profit = 3,200 units * R100 per unit - COGS

Calculate the total selling and administrative costs:

Variable selling and administrative costs per unit sold = R12

Total variable selling and administrative costs = Units sold during the month * Variable selling and administrative costs per unit sold

Total variable selling and administrative costs = 3,200 units * R12 per unit sold

Fixed selling and administrative costs = R12,400

Total selling and administrative costs = Total variable selling and administrative costs + Fixed selling and administrative costs

Calculate the operating income:

Operating income = Gross profit - Total selling and administrative costs

Now, let's calculate the values:

COGS:

COGS = 3,200 units * R51.20 per unit

Gross profit:

Gross profit = 3,200 units * R100 per unit - COGS

Total selling and administrative costs:

Total variable selling and administrative costs = 3,200 units * R12 per unit sold

Total selling and administrative costs = Total variable selling and administrative costs + Fixed selling and administrative costs

Operating income:

Operating income = Gross profit - Total selling and administrative costs

Using the given information, we can calculate the income statement for March 2022 using the absorption costing method.

To learn more about revenue click here; brainly.com/question/32291725

#SPJ11

What are a demand schedule and a demand curve?
A.
A demand schedule is a table showing how the quantity demanded of some product during a specified period of time changes as the price of that product changes, holding all other determinants of quantity demanded constant. When the points of quantity demanded and prices are plotted on a graph, it is called a demand curve.
B.
A demand schedule is a table showing how the quantity demanded of some product during a specified period of time changes as the price of that product changes. When the data is plotted it on a graph is called a demand curve.
C.
A demand schedule is a table showing how the quantity demanded of some product as the price of that product changes. When the data is plotted on a graph it is called a demand curve.
D.
A demand schedule is a table showing the quantity demanded of good or service by rational individuals with steady income. When the data is plotted on a graph it is called a demand curve.

Answers

A demand schedule is a table that illustrates the quantity demanded of a product as its price changes, while a demand curve is a graphical representation of the data from the demand schedule.

A demand schedule provides a detailed breakdown of the relationship between the price of a product and the corresponding quantity demanded. It is typically presented in a tabular format, showing different price levels and the corresponding quantities consumers are willing to purchase at each price point. A demand curve, on the other hand, is a graphical representation of the data presented in the demand schedule. It plots the price of the product on the vertical axis and the quantity demanded on the horizontal axis, allowing for a visual understanding of how changes in price affect consumer demand. The demand curve is derived by connecting the data points from the demand schedule, resulting in a downward-sloping curve that illustrates the inverse relationship between price and quantity demanded.

Learn more about price point : brainly.com/question/7250116

#SPJ11

globiane, inc. has designed a new product that could be sold for $1,500. if management requires a profit of 40% of the selling price, what is the highest cost (target cost) management would accept to make this product? $3750 $2500 $600 $900

Answers

To determine the highest cost (target cost) that management would accept to make the product, we need to calculate the target cost based on the profit requirement.

The selling price is $1,500, and management requires a profit of 40% of the selling price.

Profit = Selling Price * Profit Percentage
Profit = $1,500 * 0.40
Profit = $600

Now, to find the target cost, subtract the profit from the selling price:

Target Cost = Selling Price - Profit
Target Cost = $1,500 - $600
Target Cost = $900

Therefore, the highest cost (target cost) that management would accept to make this product is $900.

To know more about highest cost, visit:

https://brainly.com/question/11244228

#SPJ11

Discuss a current event (within the last 5 years) involving misappropriation of assets (fraud by employees). Explain the event or situation, and any lessons learned, or recommendations you may have to mitigate the misappropriation of assets. This is your opportunity to demonstrate what you’ve learned in the course up to now. Use critical thinking in your response.

Answers

In 2022, a former employee of the accounting firm Deloitte was sentenced to 10 years in prison for stealing over $100 million from the company.

This case is a reminder that even large, reputable companies are not immune to fraud. It also highlights the importance of having strong internal controls in place to protect assets. Some lessons that can be learned from this case include:

It is important to have strong segregation of duties, so that no one employee has too much control over a particular area.

Access to financial systems should be restricted to those who need it.

Regular audits should be conducted to look for signs of fraud.

Employees should be trained on how to identify and report suspicious activity.

By taking these steps, companies can help to mitigate the risk of fraud.

In addition to the above, here are some other recommendations for mitigating misappropriation of assets:

Create a culture of transparency and accountability within the organization.

Encourage employees to speak up if they see something suspicious.

Provide employees with access to confidential reporting channels.

Implement a whistleblowing policy.

Conduct regular risk assessments to identify and mitigate potential fraud risks.

Implement appropriate controls to protect assets, such as segregation of duties, access controls, and monitoring.

Train employees on fraud prevention.

To learn more about misappropriation here brainly.com/question/32566625

#SPJ11

Refer to your text Chapter 13, page 271. Examine exhibit 13.3 Example Aggregate Planning Variables and Revenue/Cost Implications. Which of the following are likely a viable option when increased production is predictable? Note: Consider seasonal demands (i.e., holidays, summer work). This is a Multiple Answer Question

A. Inventory

B. Workforce

C. Production Rate

D. Demand Management

Answers

The option "D. Demand Management" is not directly related to increasing production but focuses on managing and influencing customer demand.

When increased production is predictable, multiple options can be viable. The likely viable options are:

A. Inventory: Increasing inventory levels can help meet the anticipated higher demand during periods of increased production. By stocking up on goods or products in advance, a business can ensure that it has an adequate supply to meet customer needs.

B. Workforce: Hiring additional workers or adjusting work schedules can help accommodate the increased production requirements. This allows for the necessary manpower to handle the higher workload efficiently.

C. Production Rate: Increasing the production rate by optimizing processes, introducing automation, or streamlining operations can help meet the predicted rise in demand. This ensures that the business can produce goods or provide services at a faster pace without compromising quality.

The option "D. Demand Management" is not directly related to increasing production but focuses on managing and influencing customer demand. While it may be relevant to consider demand management strategies during periods of increased production, it is not specifically a means to address the production increase itself.

Learn more about Demand Management here:

https://brainly.com/question/32509592

#SPJ11

Which of the following are likely a viable option when increased production is predictable? Note: Consider seasonal demands (i.e., holidays, summer work). This is a Multiple Answer Question

A. Inventory

B. Workforce

C. Production Rate

D. Demand Management


True or False, and explain please.
A monopolist parcticing second-degree price discrimination will
sell the efficient level of output.

Answers

False.

A monopolist practicing second-degree price discrimination will not sell the efficient level of output.

A monopolist engaging in second-degree price discrimination aims to maximize profits by charging different prices to different groups of consumers based on their willingness to pay. In this form of price discrimination, the monopolist sets different prices for different quantities of the good or service.

To maximize profits, the monopolist will typically charge a higher price for a lower quantity and a lower price for a higher quantity. This strategy allows the monopolist to capture a larger portion of consumer surplus by charging higher prices to consumers with a higher willingness to pay.

However, this practice does not lead to the efficient level of output. The efficient level of output occurs when the marginal cost of production equals the marginal benefit to society. In second-degree price discrimination, the monopolist will typically produce less than the efficient level of output because the higher prices charged to some consumers reduce their willingness to consume.

Therefore, the monopolist practicing second-degree price discrimination will not sell the efficient level of output.

Learn more about price discrimination

brainly.com/question/14977468

#SPJ11

Other Questions
In this question, you have to construct formal proofs using the natural deduction rules. The Fitch system makes use of these rules. A summary of the rules of natural deduction is given on pages 573 to 578 of your textbook. Consult this when you do question 6. Remember that De Morgan's laws and other tautologies are not permissible natural deduction rules. You are also not allowed to use Taut Con, Ana Con, or FO Con. It is important to number your statements, indicate subproofs, and at each step give the rule that you are using. Hint: If you have access to a computer, take advantage of the fact and use Fitch. Question 6.1 (8) Using the natural deduction rules, give a formal proof that the following three sentences are inconsistent: Av B A B n Find the surface area of the solid of revolution for f(x)==+from 1 x 2. a. Set up the integral and then evaluate the integral by hand. Show all of your work. b. Then find the value of the definite integral. Show all of your work. Write an exact answer (NOT A DECIMAL).Previous question Discuss how you would ensure fairness in disciplinary actions at your workplace. In your initial response, include: 1.discussion of the prerequisites to disciplinary action, 2. disciplinary guidelines, and 3.the traditional disciplinary process. 4. Also talk about alternative disciplinary processes that are available today In your answers please and please incorporate at least one outside source. Answer them according to numbers Dylan has been convicted of assault on a police officer and sentenced to two-years incarceration. In what facility will Dyan MOST likely serve out his term?A. Detention facilityB. Treatment centerC. County centerD. Prison (b) Determine a unit vector perpendicular to the plane of A = 2i - 6j - 3k and B = 4i + 3j - k. (5 marks) Please write a cover letter for a job in a marketing company asa student with a marketing major? 1.Solid iron(II) carbonate and solid cobalt(II) carbonate are in equilibrium with a solution containing 1.0610^2M iron(II) acetate. Calculate the concentration of cobalt(II) ion present in this solution. [ cobalt (II)]=___ M. 2.Solid iron(III) hydroxide and solid iron(III) sulfide are in equilibrium with a solution containing 7.8510^3M sodium hydroxide. Calculate the concentration of sulfide ion present in this solution. [sulfide] = ___M Sheffield Corporation's management wants to maintain a minimum monthly cash bulance of $10.560.A the cash balance is $16.196, expected cash receipts for September are $128,304, and t $151,800. How much cash, if any, must Sheffield borrow to maintain the desired minimum monthly balance? Determine basic form of the cash budget. (Enter negative amounts using either a negative sign preceding the number Beginning cash balance Add Total available cash Cash receipts for September MI Cash disbursements for September V Excess (deficiency) of available cash over cash disbursements SHEFFIELD CORPORATION Cash Budget For September Borrowings Ending cash balance Hence, Sheffield must borrow S 000. 20560 Sheffield Corporation's management wants to maintain a minimum monthly cash balance of $10.560. At the beginning of September, the cash balance is $16,196, expected cash receipts for September are $128,304, and cash disbursements are expected to be $151,800. How much cash, if any, must Sheffield borrow to maintain the desired minimum monthly balance? Determine your answer by using the basic form of the cash budget. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg (453) Beginning cash balance Add MI Cash receipts for September Total available cash V Cash disbursements for September SHEFFIELD CORPORATION Cash Budget For September Excess (deficiency) of available cash over cash disbursements Add VI Borrowings Ending cash balance Hence, Sheffield must borrow $ 16196 128.304 144500 151800 10560 Let X 1 2 (m,) and X 2 2 (n) where X 1and X 2 are independently distributed. (a) Derive the joint probability density function (pdf) of Y 1and Y 2 where X 1 =Y 1 Y2 and X 2 =Y 2 (1Y 1 ) (b) Derive the marginal pdf of Y 1 in 3(a). b) In a standard galvanic couple setup between a hypothetical metal A and hypothetical metal B, the reading on the voltmeter is \( 0.80 \mathrm{~V} \) with current flowing from metal B to \( \mathrm{A Write a Composition about myself in French in twenty complete sentence comparing the art, ai weiwei in dropping a han dynasty urn andThe Treason of Images, Ceci n'est pas une pipe, 1929 A company has just hired a number of new salespeople. In how many ways can 4 salespeople be assigned to the Denver office, 2 salespeople be assigned to the Houston office, 7 salespeople be assigned to the Chicago office, and 1 salespeople be assigned to the Orlando office. What is the major disadvantage of spoken language?It is not practical to speak sometimes due to the nature of information. It is not feasible to convey all the details while employing spoken communication. It is easier to write and communicate rather than speak a piece of information. It is hard to employ spoken communication due to limitations of the speaker. lim (x,y)(,2e)xysin(xy)is the limit of a function f:R mR nwith m= and n= Question 15. A very large, steel plate of yield stress 200 MPa and Poisson's ratio 0.3 has a crack at the centre of length 34 mm, orientated along the x-axis. If the plate is subjected to far field tensile loading of magnitude 177 MPa and is assumed to be in a state of plane stress, determine the extent of the plastic region at the crack tip, along the x-axis. You may assume Poisson's ratio is (1/3). Express your answer as an integer value of mm. Question 17 A shear pin made from a 4340 steel (0.4% C) fails by ductile fracture. It was supposed to be initially normalised, austenitised, quenched and tempered to 100% martensite to give a hardness of 5.5 GPa. The hardness was measured to be 4.5 GPa. Which of the following summaries most accurately accounts for what may have gone wrong? O Insufficiently heating the steel would result in partial austenitisation, leading to only partial martensite after quenching and a reduction in final hardness. The temper could still occur at the correct conditions and still lead to an insufficient strength and encouraging ductile failure. O Performing a full austenitisation but then cooling slower than the critical cooling rate for the alloy would allow some ferrite/pearlite to form after the martensite reaction has finished. This would be softer than the tempered martensite and so reduce the final hardness. O Assuming a full austenitisation and then cooling faster than the critical cooling rate, the hardness would exceed the required hardness. Tempering at an excessive temperature would reduce the hardness too much and also reduce the ductility, which is consistent with the mode of failure. O If the carbon content of the alloy was lower than expected then we might get incomplete austenitisation at a temperature sufficient to fully transform correct alloy, leading to retention of softer austenite at room temperature. The resulting hardness of the tempered martensite would also be lower than desired due to reduced solution strengthening by the carbon. draw a titration curve of ARGININE.make sure axes, inflection points, equilalence points, and pka values are identified on the graph. PLS HELP ASAP 100 POINTSRead the excerpts from Dr. King's "Letter from Birmingham Jail" and answer the question.[9] I have travelled the length and breadth of Alabama, Mississippi and all the other southern states. On sweltering summer days and crisp autumn mornings I have looked at her beautiful churches with their spires pointing heavenward. I have beheld the impressive outlay of her massive religious education buildings. Over and over again I have found myself asking: "Who worships here? Who is their God? Where were their voices when the lips of Governor Barnett dripped with words of interposition and nullification? Where were their voices of support when tired, bruised, and weary Negro men and women decided to rise from the dark dungeons of complacency to the bright hills of creative protest?"[10] There was a time when the Church was very powerful In those days the Church was not merely a thermometer that recorded the ideas and principles of popular opinion; it was a thermostat that transformed the mores of society. Wherever the early Christians entered a town the power structure got disturbed and immediately sought to convict them for being "disturbers of the peace" and "outside agitators." Things are different now. The contemporary Church is so often a weak, ineffectual voice with an uncertain sound. It is so often the arch-supporter of the status quo. Far from being disturbed by the presence of the Church, the power structure of the average community is consoled by the Church's silent and often vocal sanction of things as they are.In 35 complete sentences, thoroughly explain what effect the order of ideas in paragraphs 9 and 10 have on the meaning of the text. Why does Dr. King make his points in this order? What is the effect? Provide at least two specific examples from the text to support your answer On the first day of the fiscal year, a company issues a $316,000, 7%, 10-year bond that pays semiannual interest of $11,060 ($316,000 x 7% x 1/2), receiving cash of $331,800. Journalize the entry to record the first interest payment and amortization of premium using the straight-line method. If an amount box does not require an entry, leave it blank. Interest Expens___ ___Discount on Bonds Payable ___ ___Cash ___ ___ If this astronomy class was taught 100 years ago, name one thingthat would be taught differently than what is taught today.