When the demand curve shifts to the right and supply remains unchanged, the equilibrium quantity will rise.
When the demand curve shifts to the right, it indicates an increase in demand at every price level. This means that consumers are willing to purchase a larger quantity of the good or service at each price. In this scenario, the equilibrium quantity will rise because the quantity demanded exceeds the original equilibrium quantity.
The effect on the equilibrium price, however, depends on the relative magnitude of the shifts in demand and supply. If the increase in demand is greater than any corresponding increase in supply, the equilibrium price will rise. This is because the increase in demand outpaces the ability of suppliers to meet the higher level of demand, creating upward pressure on prices.
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Which statement about social change organizations is true? Single organizations are successful because they have the resources, perspectives and skills to address the problems. Service delivery cannot solve problems rooted in deep-seated cultural and institutional arrangements. Single issue movements are able to muster electoral power to effect social change.
The statement about social change organizations that is true is: Service delivery cannot solve problems rooted in deep-seated cultural and institutional arrangements. Option b is Correct.
Single organizations, even those with resources, perspectives, and skills, may not be able to address problems that are deeply rooted in cultural and institutional arrangements. These types of problems require a broader, systemic approach that involves changing the underlying structures and institutions that create and sustain those problems.
Single issue movements may be able to muster electoral power to effect social change, but they may not be able to address the root causes of a problem. Social change requires a multifaceted approach that involves organizations, movements, and other actors working together to bring about lasting change.
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rose gift shop borrows money on a short-term basis by pledging its inventory as collateral. this is an example of an
The given statement, "rose gift shop borrows money on a short-term basis by pledging its inventory as collateral." is an example of a secured loan.
What is a secured loan?
A secured loan is a form of debt where a borrower pledges collateral to the lender. This is a common kind of loan in which the borrower agrees to forfeit a particular property, referred to as collateral, in the event of default on the loan, which is why it is often known as a collateral loan.
In the given statement, the rose gift shop pledges its inventory as collateral to borrow money on a short-term basis.
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At which point in administering property taxes are journal entries first recorded?
Group of answer choices
Levying the Tax
Enforcing Tax Collections
Taxpayers are Billed
Assessment of Property
The journal entries are first recorded at the point of Assessment of Property. This is because the assessment of property is the first step in the property tax process.
Once the property has been assessed, the tax rate is applied to determine the amount of tax that is owed. The journal entry would record the amount of tax that is owed and the liability that is created for the taxpayer.
The other s are in because they occur after the journal entries have been recorded. Levying the tax is the process of collecting the tax from the taxpayer. Enforcing tax collections is the process of taking action against taxpayers who do not pay their taxes. Taxpayers are billed after the tax has been assessed and the tax rate has been applied.
point in administering property taxes are journal entries first recorded
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D Question 9 1 pts In an open economy with a given level of real interest rates and risk, a decrease in real interest rates abroad will inflows and capital the equilibrium domestic real interest rate.
In an open economy with a given level of real interest rates and risk, a decrease in real interest rates abroad will lead to capital inflows and lower the equilibrium domestic real interest rate.
When real interest rates decrease abroad, it creates a relative attractiveness for foreign investors to seek higher returns elsewhere. As a result, capital flows from abroad into the domestic economy increase. This influx of capital puts downward pressure on the equilibrium domestic real interest rate. The decrease in real interest rates abroad encourages investors to look for better investment opportunities in the domestic economy. This increase in capital inflows raises the supply of loanable funds within the domestic market. According to the principles of supply and demand, an increase in the supply of loanable funds causes a decrease in the equilibrium real interest rate. Lower domestic real interest rates can have several implications. Firstly, it can stimulate domestic borrowing and investment, as the cost of borrowing becomes more affordable. Secondly, it can potentially lead to increased consumption, as lower interest rates can make financing consumer purchases more attractive.
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Pick a target market the watch would appeal to, then re-position the watch by changing it so it would appeal to a second market. Describe your decision-making for each element of the mix to reach the first target market, and then do it again to create a completely new offering for the second target market.
Use the headings product, price, placement, and promotion for each watch. For example, you should describe:
Product—materials, branding, features, etc.
Pricing—price point and strategies
Place—where and how it would be sold
Promotion—what you would do to communicate value to your customers
Product:In order to appeal to the first target market of businessmen, the watch should be styled with leather straps, silver casing, and a sophisticated display.
This watch will have a stopwatch, date, and time settings, and an alarm. The watch's branding should be engraved into the metallic casing, with a formal and simple logo design. The watch should be sleek and formal, with a small display for the date and time.On the other hand, to appeal to the athletic target market, the watch should be made out of rubber or a durable plastic material. The casing should be resistant to scratches, and a larger digital display that can be read easily even during physical activity. The branding will be in bright and bold colors, while the design will have sporty details such as stopwatch, heart rate monitor, and GPS features.Price:The first target market of businessmen will likely require a higher price point due to the sophisticated and formal design. The watch should be placed in a moderate to high price range to attract consumers who are looking for quality and reliability, with occasional promotions during peak holiday seasons to increase demand. This price should also reflect the material quality and additional features such as alarm and stopwatch.For the second target market of athletes, the watch should be sold in the low to mid-price range. The watch should be placed in sports stores, fitness equipment stores, and online marketplaces like Amazon and other specialty sports retailers to reach the target audience. Placement:The watch for the first target market of businessmen should be placed in high-end jewelry stores, boutique shops, and department stores that appeal to men's formal wear. The watch should be displayed in a sophisticated and simple manner to fit in with the design of the store. A good strategy for the business market is to have a small digital screen playing in the background with pictures of businessmen in suits wearing the watch.On the other hand, the watch for the athletic market should be placed in sports stores, fitness equipment stores, and online marketplaces like Amazon and other specialty sports retailers. The watch should be displayed in an area where the target audience can easily see it and recognize its brand. The display should be more vibrant, and the watch should be paired with fitness equipment like running shoes, fitness bands, and workout gear.Promotion:To promote the watch to the first target market of businessmen, we need to showcase the watch's sophisticated features. The advertisements should be in publications such as GQ, Men's Health, and Esquire. Other promotional tactics that can be used include sponsoring business conferences and events.To promote the watch to the athletic target market, we need to showcase the watch's durability, GPS features, and heart rate monitor. The advertisements should be in publications such as Runner's World, Shape, and Men's Fitness. Other promotional tactics include sponsoring sports teams and advertising in sporting events.
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For $100 US government bond let the interest rate be 11% (so price is $90) and on an Italian government issued bond let the interest rate be 25% (so p-$80). Let all prices be in dollars and ignore any exchange rate movements. Suppose you feel the interest rate spread (25-11-14%) is too high and wit narrow. To make money on a narrowing spread you should ____ US bonds and ___ Italian bonds. a. Short, short b. Buy, short c. Short, buy d. Buy, buy
To make money on a narrowing spread, you should buy US bonds and short Italian bonds. The correct option is B.
The spread refers to the difference in interest rates between two bonds. In this case, the interest rate spread is 25% - 11% = 14%. If you believe that the spread is too high and will narrow in the future, you can take advantage of this by implementing a pair trade strategy.
By buying US bonds, you benefit from the expectation that their price will increase as the spread narrows. At the same time, by shorting Italian bonds, you profit from the expectation that their price will decrease as the spread narrows.
So the correct answer is b. Buy, short.
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2 Investment and Capital Stock (15 points) When disucssing the business cycles, and introducing the IS curve, we stated that investment demand is the most volatile part of expenditure. In this exercise, you are going to work through an example that helps explaining why investment might be so volatile, and sheds some light on how the IS curve is based on the actual optimizing decisions made by firms.
Consider a simple model of a representative firm, similiar to the one we discussed in Chapter 4. The firm currently has a stock of capital K and has to decide about its stock of capital in the next period (say, year - let’s call it period 2), K0 . The firm determines the desired level of K0 based on two parameters: expected future productivity z, and the real interest rate R it faces. Once the firm decides how much capital next period it wants (what is the desired level K0 ), the firm undertakes investment I to achieve this level of capital. K0 is determined through a standard law of motion for capital, like the one we used in the Solow model:
K0 = (1 − δ)K + I where δ is the depreciation rate.
Next period, the firm uses the capital stock K0 it achieved to produce output Y using a Cobb-Douglas production function: Y = z(K0 ) α - we assume that the labor input N is constant over time, so we don’t have to worry about it. From Chapter 4, we know that the marginal product of capital (MPK) for this production function is given by: MPK = αz(K0 ) α−1 . It can be shown that the the optimal amount of capital is given by the standard condition: MPK = R .
a. Use the optimality condition (MPK = R) to derive the optimal level of future capital K0 for this firm as a function of parameters and prices (K, α, z, R, and δ). This should take the form of an equation where you have K0 on the left-hand side, and all the parameters on the right-hand side. Does the optimal amount of capital in period 2 (K0 ), depend on the initial value of capital (K)?
The optimal level of future capital (K0) for the firm can be derived using the optimality condition (MPK = R) and the given parameters. The equation for K0 is [R / (αz)] ^ (1 / (α-1)). Additionally, the optimal amount of capital in period 2 (K0) does not depend on the initial value of capital (K).
What is the optimal level of future capital (K0) for the firm in the given model?
The optimal level of future capital (K0) for the firm can be derived using the optimality condition MPK = R, where MPK represents the marginal product of capital and R represents the real interest rate.
From the given production function Y = z(K0)α, we can calculate the MPK as αz(K0)α-1. Setting MPK equal to R, we have αz(K0)α-1 = R. Rearranging this equation, we can solve for K0:
K0 = [R / (αz)] ^ (1 / (α-1))
The optimal amount of capital in period 2 (K0) depends on the parameters α, z, and R, but it does not depend on the initial value of capital (K).
The decision for the firm regarding the desired level of capital in the next period is based on expected future productivity (z) and the real interest rate (R), rather than the current level of capital.
The firm's optimization is focused on maximizing its output given the expected productivity and interest rate, rather than considering the initial capital stock.
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You are the chief financial officer at your company. You see
many numbers. Which one would you be most likely be pleased to see
increase?
As a chief financial officer, I would be most likely pleased to see an increase in contribution margin. For that reason, the correct option is the last.
The (last option) contribution margin is defined as the amount by which a company's sales revenue exceeds its variable costs. It can be calculated on a per-unit basis or for the company as a whole.
It provides an insight into the profitability of a product. In order to calculate the contribution margin, one must take into account the variable costs that are incurred in the production of the product.
Once these costs have been calculated, they can be subtracted from the sales revenue to determine the contribution margin. This figure will tell the company how much money it is making from each sale after variable costs are taken into account.
Contribution margin is an essential metric in the field of accounting. It allows a company to determine the profitability of its products and services and adapt its operations accordingly.
It is especially important in times of economic uncertainty or fluctuations in demand, as it provides management with the judgment and information necessary to make accurate decisions about how to allocate resources and make changes in response to economic conditions.
In conclusion, the contribution margin is the most important number to increase because it tells a company how much money it is making from each sale after variable costs are taken into account. It is an essential metric in the field of accounting and allows a company to adapt to economic conditions and fluctuations in demand.
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A manufacturing company, VMTC PLC, makes the product, blitz. Monthly sales for the first five months of 2022 have been estimated as: Month Units January 210 000 February 180 000 March 210 000 April 220 000 May 200 000 Additional Information: i. Actual units sold in 2021 November and December were 190 000 and 220 000, respectively. ii. One unit of blitz requires 2 kg of material at $3.50 per kg. iii. One unit of blitz requires half an hour of direct labour at a rate of $12 per hour. iv. Based on past experience, 60% of cash is received in the month of sale, 25% the following month, 10% two months after and 5% is usually irrecoverable. Selling price is $18 per unit. vi. The company intends to have finished stock at the end of each month equivalent to 15% of the following month's budgeted sales. The policy regarding stock of raw materials is to have 25% of the following month's production requirements. V. vii. Stocks at 2022 January 01 are estimated to be 22 000 units of finished goods and 104 000 kg of raw materials. Produce, for 2022 January, February and March: A. production budget in units. B. raw materials purchased budget. C. a direct labour budget. D. a cash collection schedule for sales. (3 marks) (7 marks) (3 marks) (7 marks)
Cash received the following month $18 360 000 x 25% = $4 590 00010% cash received two months after $18 360 000 x 10% = $1 836 0005% is usually irrecoverable $18 360 000 x 5% = $918 000.
A. Production Budget in Units Month Budgeted
Sales Desired Closing Stock
Total Units Required Production Required
January 210 00031 500241 500
February 180 00027 000207 000
March 210 00031 500241 500
April 220 00033 000253 000
May 200 00030 000230 000
Total Units1 020 000153 0001 172 500
Raw materials required = 2kg per unit, 1 172 500 units, = 2 345 000kg Material requirement = 2 345 000 kg
Budgeted Cost = 2 345 000 kg × $3.50 per kg = $8 207 500 C.
Direct Labor Budget Hours Rate Amount
January 105 000$12$1 260 000
February 90 000$12$1 080 000
March 105 000$12$1 260 000
April 110 000$12$1 320 000
May 100 000$12$1 200 000 Total510 000$6 120 000
D. Cash Collection Schedule for Sales Month Sales Revenue Cash received
January $18 x 210 000$3 780 000
February$18 x 180 000$3 240 000
March$18 x 210 000$3 780 000
April$18 x 220 000$3 960 000
May$18 x 200 000$3 600 000
Total $18 x 1 020 000$18 360 00060%
cash received in the month of sale $18 360 000 x 60% = $11 016 00025%
cash received the following month $18 360 000 x 25% = $4 590 00010%
cash received two months after $18 360 000 x 10% = $1 836 0005% is usually irrecoverable$18 360 000 x 5% = $918 000.
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wite a essay on Food Security during the COVID 19 Pandemic
The COVID-19 pandemic has had far-reaching impacts on various aspects of human life worldwide. One critical area that has been significantly affected is food security.
The disruption of global supply chains, lockdown measures, and economic hardships caused by the pandemic have created unprecedented challenges in ensuring access to safe and nutritious food for populations around the globe. This essay examines the implications of the COVID-19 pandemic on food security and highlights the measures taken to mitigate its adverse effects.The COVID-19 pandemic has underscored the significance of food security as a fundamental human right and a global priority. The disruptions in the food supply chain, coupled with economic challenges, have left millions vulnerable to food insecurity.
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Which of the following European put options has the highest
value? Put Option S0 E expiration σ A 55 50 40 days 30% B 50 55 40
days 30% C 50 55 40 days 25% D 50 55 35 days 30% E 55 55 40 days
30%
Question 5 Which of the following European put options has the highest value? Put Option So E expiration o A 55 50 40 days B 50 55 40 days с 50 55 40 days D 50 55 35 days E 55 55 40 days 30% 30% 25%
To determine which European put option has the highest value, we need to consider the combination of the stock price (So), the exercise price (E), the expiration period, and the volatility (σ).
Comparing the options given:
A: S0 = 55, E = 50, expiration = 40 days, σ = 30%
B: S0 = 50, E = 55, expiration = 40 days, σ = 30%
C: S0 = 50, E = 55, expiration = 40 days, σ = 25%
D: S0 = 50, E = 55, expiration = 35 days, σ = 30%
E: S0 = 55, E = 55, expiration = 40 days, σ = 30%
To determine the value of a European put option, we need to consider the relationship between the stock price, exercise price, time to expiration, volatility, and the risk-free rate. Since the risk-free rate is not provided, we cannot make an accurate calculation. However, based on the given options, we can compare the options by looking at their intrinsic value.
The intrinsic value of a put option is the maximum of 0 or the difference between the exercise price and the stock price (E - S0). The higher the intrinsic value, the higher the option value.
Comparing the options:
A: Intrinsic value = max(0, 50 - 55) = 0
B: Intrinsic value = max(0, 55 - 50) = 5
C: Intrinsic value = max(0, 55 - 50) = 5
D: Intrinsic value = max(0, 55 - 50) = 5
E: Intrinsic value = max(0, 55 - 55) = 0
Based on the intrinsic value comparison, options B, C, and D have the highest value, as their intrinsic value is 5.
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Which is the top wine-related destination in the U.S.? O a. New York O b. North Carolina O c. c. California O d. Florida
The correct option is c. California. The top wine-related destination in the U.S. is California.
California is known for its wine industry and is the largest producer of wine in the United States. Some of the most famous wine regions in California include Napa Valley, Sonoma County, and the Central Coast. These regions are home to numerous wineries and vineyards, offering visitors the chance to taste some of the world's finest wines and learn about the winemaking process. In addition to its wine industry, California offers a wide range of other tourist attractions, such as its beaches, national parks, and cities like Los Angeles and San Francisco.
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Discuss at length the types and uses of presentation aids.
Explain how you would use presentation aids to improve your public
speaking.
Presentation aids are tools used by speakers to help them communicate with their audience more effectively. They include visual aids, audio aids, and interactive aids. Visual aids include things like slides, charts, and graphs. Audio aids include things like music and sound effects.
Interactive aids include things like audience participation activities.Types of presentation aids include:Visual aids: Visual aids include things like slides, charts, and graphs. They are used to help the audience understand complex concepts and data.Audio aids: Audio aids include things like music and sound effects. They are used to create a mood or atmosphere, to add interest to a presentation, or to emphasize key points.Interactive aids: Interactive aids include things like audience participation activities. They are used to involve the audience in the presentation and to help them remember key points.Uses of presentation aids include:Enhancing understanding: Presentation aids can help the audience understand complex concepts and data.Adding interest: Presentation aids can add interest to a presentation by making it more visually and/or audibly stimulating.Enhancing recall: Presentation aids can help the audience remember key points of a presentation by creating a more memorable experience.Enhancing persuasion: Presentation aids can help to persuade the audience by making the speaker's arguments more convincing.
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Genius PLC has grown rapidly since its stock market flotation five years ago. Despite its rapid growth the company has been able to finance all its new development from retained earnings and employs no debt in its capital structure. The company’s earnings for the year that has just ended was 80€ MILLION, a new high, and with 200 million shares outstanding this produced EPS (earnings per share) of 40p. Last year the company re-invested 80% of its earnings and recorded a rate of growth of earnings 32%, well above the minimum rate of return of 20% sought by investors in its sector of the market. Exactly this growth is also expected for next year for the earnings. The company has now opened stores in all the larger cities in the UK and new stores it plans to open will be located in towns with smaller markets that will produce lower turnover and profits per store. For the next 4 years or so it is anticipated that expansion will continue to be profitable, but less so than in the past even if the process is managed with the same degree of efficiency that has characterised the company’s development over the last few years. As the coverage of the UK market becomes more complete it is planned to reduce the amount of annual investment. It is anticipated that the company will again invest 80% of its earnings next year, 60% of its earnings the following year and 40% the subsequent year. It is expected that the rate of return on new investment will fall to 35% next year, 30% the year after, and 25% three years from now. After the next three years management believes that there is unlikely to be scope for any investment offering internal rates of return of more than 20%. With the disappearance of opportunities for profitable growth it is intended in 4 years time to increase the dividends to 75% of earnings.
a. Estimate the value of the company using both the dividend and earnings based models, as well as the current price of the company’s shares. Set out the assumptions on which the models are based and discuss how appropriate they appear to be in this context. Determine the contribution of Growth opportunities to the estimated value of the company.
b. How would the value of the company change if the required Rate of Return was 15% ? Alternatively if it was 25% ? Comment on your reply.
c. Determine the expected price/earnings ratio today. Explain the determinants of the PE in reference to the two valuation models used.
d. A member of the board suggests identifying an appropriate price-earnings ratio for Genius PLC and using this as a multiplier to derive a value for the company. Comment on this suggestion.
e. The government issued a 15 year bond offering an interest rate of 12 per cent 10 years ago. Since then interest rates have fallen sharply. The bond now has five years to run to maturity and the government has just issued a five year bond offering an interest rate of 6 per cent. Determine a value for the bond that has five years to run to maturity, assume the bond has a face value of £100 and interest is paid annually. Explain your answer.
In this scenario, Genius PLC has experienced rapid growth and has been able to finance its development through retained earnings without employing debt. The company's earnings for the previous year reached a new high of €80 million, resulting in an EPS of 40p.
To estimate the value of the company, dividend and earnings-based models can be used. The dividend model calculates the value based on expected dividends and the required rate of return. The earnings-based model estimates the value based on future earnings and the expected rate of return. The assumptions made for these models include the growth rate of earnings, the percentage of earnings reinvested, the rate of return on new investments, and the dividend payout ratio. The appropriateness of these assumptions depends on the company's historical performance, market conditions, and future growth prospects. The contribution of growth opportunities to the estimated value of the company will indicate the significance of future expansion for its overall value.
The value of the company will change if the required rate of return is adjusted. A lower required rate of return, such as 15%, would increase the value of the company, as investors would be willing to pay a higher price for each unit of earnings. Conversely, a higher required rate of return, such as 25%, would decrease the value of the company. The change in value reflects the risk and return expectations of investors. A lower required rate of return indicates a higher confidence in the company's future prospects and profitability, while a higher required rate of return suggests higher perceived risk.
The expected price/earnings (P/E) ratio can be determined by dividing the current share price by the earnings per share (EPS). The determinants of the P/E ratio in reference to the two valuation models used are the expected growth rate, the required rate of return, and investor sentiment. A higher growth rate and a lower required rate of return would result in a higher P/E ratio, indicating that investors are willing to pay a premium for the company's expected future earnings. Conversely, a lower growth rate or a higher required rate of return would lead to a lower P/E ratio, suggesting a lower valuation for the company.
Using a price-earnings ratio as a multiplier to derive a value for the company can be a valid approach if the chosen ratio accurately reflects the market's perception of the company's value. However, selecting an appropriate P/E ratio requires careful consideration of various factors, such as industry benchmarks, comparable companies, growth prospects, and risk. Relying solely on a single ratio may oversimplify the valuation process and may not capture all the relevant factors that contribute to the company's value. A more comprehensive analysis, incorporating multiple valuation models and factors, would provide a more robust estimate of the company's value.
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Person-focused pay is becoming more prevalent in companies, however, person-focused pay programs are not always an appropriate basis for compensation. Discuss the conditions under which incentive pay is more appropriate than person-focused pay programs. Be sure to include your justification. 2) As discussed in the chapter, person-focused pay programs are not suitable for all kinds of jobs. Based on your understanding of person-focused pay concepts, identify at least one job for which this basis for pay is inappropriate. Be sure to provide your rationale. Rubric: 1- Please answer question from your own understanding. 2- The answers for each question should not exceed 5 lines. 3- Use font (Times New Roman Heading CS, 12) for the answers. 4- Use word format for your answers. Other format from smart devices are not accepted. 5- This is an individual assignment. Do not share your answers to any other students. 6- Similar Answers between students will be subject for mark deductions.
Incentive pay is more appropriate than person-focused pay programs when the job is task-oriented, and measurable outputs can be identified. Incentive pay can be used as a motivating factor to increase productivity in workers who have control over output, such as salespeople, production workers, and service providers.
Performance measurement metrics can be easily established, and incentives can be tailored to match job demands, which can aid in goal attainment. On the other hand, person-focused pay programs, which concentrate on a worker's traits and behavior, can be difficult to apply to task-oriented jobs since they do not account for output control. Therefore, if an employee has little influence over their output and is still paid based on personal traits, it might be unfair to other employees who may have more control over output.
Person-focused pay is not appropriate for jobs that require teamwork. For jobs that require a high level of teamwork, person-focused pay is not ideal because it promotes individualism and may lead to conflicts among team members. Additionally, since the employee's personal characteristics rather than output drive pay, it may not be a motivating factor for workers to work in groups, and it might even result in decreased productivity. A group reward or team-based incentives would be more appropriate in this case, as it would encourage workers to work together to attain a common objective. As a result, person-focused pay is not an appropriate pay system for jobs that need teamwork.
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tour company uses two measures of activity, routes and passengers in its cost formulas used for budgeting and performance evaluation. The cost formula for tour operating costs is $56,860 per month plus $2,880 per route plus $14 per passenger. The company expected in August to perform 87 routes and serve 257 passengers, but the actual activity was 98 routes and 264 passengers. The actual tour operating costs in August was $305,100. The spending variance for tour operating costs in August would be closest to:
Multiple Choice
$37,696 Unfavorable
$37,696 Favorable
$5,918 Unfavorable
$5,918 Favorable
$31,778 Favorable
The spending variance for tour operating costs in August would be closest to $5,918 Unfavorable.
To calculate the spending variance for tour operating costs, we need to compare the actual costs with the expected costs based on the given cost formula and activity levels.
The cost formula for tour operating costs is:
Fixed cost: $56,860 per month
Variable cost per route: $2,880
Variable cost per passenger: $14
Expected activity levels in August:
Routes: 87
Passengers: 257
Expected tour operating costs:
Fixed cost: $56,860
Variable cost for routes: $2,880 * 87 = $250,560
Variable cost for passengers: $14 * 257 = $3,598
Total expected costs: $56,860 + $250,560 + $3,598 = $311,018
Actual activity levels in August:
Routes: 98
Passengers: 264
Actual tour operating costs: $305,100
To calculate the spending variance:
Spending variance = Actual costs - Expected costs
Spending variance = $305,100 - $311,018 = -$5,918
Since the spending variance is negative, indicating that the actual costs are lower than expected, the answer would be $5,918 Unfavorable.
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Gedeon is the only hairdresser in the village. The demand for haircuts is: P(Q)= 141-9Q. The cost of the haircuts:
TC(Q)= Q^2+10. In equilibrium, the price of a haircut is:
In equilibrium, the price of a haircut can be determined by setting the quantity demanded equal to the quantity supplied. In this case, the demand function for haircuts is given by P(Q) = 141 - 9Q, where P represents the price and Q represents the quantity of haircuts.
To find the equilibrium price, we need to set the demand equal to the supply. The supply is determined by the cost of haircuts, which is represented by the total cost function TC(Q) = Q^2 + 10.
Setting the demand and supply equal to each other, we have:
141 - 9Q = Q^2 + 10
Now, we can solve this equation to find the equilibrium quantity (Q) and then substitute it back into the demand function to find the equilibrium price (P).
Solving the equation, we find that the equilibrium quantity is Q = 5. Substituting this value into the demand function, we can determine the equilibrium price:
P(5) = 141 - 9(5)
P(5) = 141 - 45
P(5) = 96
Therefore, in equilibrium, the price of a haircut is $96.
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1.In business, _______ _______ are tested by the
judgement and experience of the rest of the team.
In business, ideas and strategies are tested by the judgement and experience of the rest of the team.
Judgment, also spelled as "judgement," is a cognitive process that involves forming an opinion or making an evaluation about a particular situation, event, person, or thing. It encompasses the ability to assess information, weigh evidence, consider different perspectives, and arrive at a reasoned conclusion. Judgment is an essential aspect of human thinking and decision-making, influencing our actions and choices.
Effective judgment requires critical thinking skills, analytical reasoning, and the capacity to evaluate the potential consequences of our decisions. It involves the integration of knowledge, experience, values, and beliefs to arrive at a well-informed judgment. However, judgments can be subjective and influenced by biases, personal experiences, emotions, and cultural or societal factors.
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The Country Commercial Guide is prepared by trade specialists at our Embassies around the world and is an excellent source of secondary research. What governmental agency produces these reports? O Census Bureau O US State Department US Commercial Service O US Customs & Border Patrol
The Country Commercial Guide reports are produced by the US Commercial Service, a governmental agency. The US Commercial Service's primary goal is to promote and facilitate international trade for US businesses.
The US Commercial Service, a division of the US Department of Commerce, is responsible for producing the Country Commercial Guide reports. These reports are prepared by trade specialists working at US embassies and consulates worldwide. The US Commercial Service's primary goal is to promote and facilitate international trade for US businesses. They provide various services and resources to support American companies in expanding their export activities and entering foreign markets.
The Country Commercial Guide is a valuable tool for businesses seeking information on specific countries, including market potential, business regulations, investment climate, trade barriers, and more. It offers detailed insights and analysis to help US companies make informed decisions and navigate the complexities of international trade.
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When the inflation rate is positive, the:
a) Nominal interest rate is zero,
b) Real interest rate is less than the nominal interest rate,
c) Real interest rate is greater than the nominal interest rate,
d) Real interest rate equals the nominal interest rate.
When the inflation rate is positive, the real interest rate is less than the nominal interest rate. Why does real interest rate less than nominal interest rate when inflation is positive.
When the inflation rate is positive, the purchasing power of money decreases, which implies that the same quantity of money can purchase fewer items. The nominal interest rate is calculated based on the current market rate, and it is the interest rate that is written into the loan contract. The real interest rate, on the other hand, is adjusted for inflation. As a result, when the inflation rate is positive, the nominal interest rate would be higher than the real interest rate. In a nutshell, when the inflation rate is positive, the real interest rate will be less than the nominal interest rate. So, the correct option is b) Real interest rate is less than the nominal interest rate.
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Which of the following would effectively increase the money multiplier?
An increase in cash drain to the public
A decrease in the required reserve ratio
An increase in the excess reserves held by commercial banks
An increase in interest rates in the economy
A decrease in the marginal propensity to consume
To effectively increase the money multiplier, the key factor is a decrease in the required reserve ratio.
The money multiplier refers to the extent to which a change in the monetary base (such as cash reserves) leads to a larger change in the money supply. The reserve ratio determines the portion of deposits that banks are required to hold as reserves. By decreasing the required reserve ratio, banks are allowed to lend out a larger proportion of their deposits, thereby increasing the money multiplier and expanding the money supply.
On the other hand, an increase in cash drain to the public or an increase in excess reserves held by commercial banks would decrease the money multiplier as fewer funds are available for lending. An increase in interest rates tends to reduce borrowing and lending, which also decreases the money multiplier. Additionally, a decrease in the marginal propensity to consume, while influencing overall spending, does not directly impact the money multiplier. Therefore, the most effective way to increase the money multiplier is by decreasing the required reserve ratio.
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Tempo Company's fixed budget (based on sales of 16,000 units) folllows. Fixed Budget Sales (16,000 units x $209 per unit) 3,344,000 Costs 384,000 Direct materials Direct labor Indirect materials 688,000 448,000 184,000 Supervisor salary Sales commissions Shipping 112,000 224,000 Administrative salaries 234,000 Depreciation-office equipment 204,000 Insurance 174,000 Office rent 184,000 Income 508,000 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 14,000 units and 18,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total variable cost per unit. Total variable cost per unit Required 1 Required 2 > Tempo Company's fixed budget (based on sales of 16,000 units) folllows. Fixed Budget Sales (16,000 units x $209 per unit) 3,344,000 Costs 384,000 Direct materials Direct labor 688,000 Indirect materials 448,000 184,000 Supervisor salary Sales commissions Shipping 112,000 224,000 Administrative salaries 234,000 204,000 Depreciation Office equipment Insurance 174,000 Office rent 184,000 Income 508,000 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 14,000 units and 18,000 units. 5 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total fixed costs. Total fixed costs < Required 1 Required 3 > Depreciation Office equipment 204,000 Insurance 174,000 Office rent 184,000 Income 508,000 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 14,000 units and 18,000 units. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a flexible budget at activity levels of 14,000 units and 18,000 units. TEMPO COMPANY Flexible Budget Variable Amount per Unit Total Fixed Cost Sales Variable costs Direct materials Direct labor 43.00 Indirect materials 28.00 Shipping Total variable costs 71.00 Fixed costs Supervisor salary Administration salaries Depreciation Office equipment Insurance Office rent Total fixed costs Income > 0000 3 00000 00 < Required 2 $ Flexible Budget for: Units Unit Sales of 14,000 Sales of 18,000 $ 2,926,000 3,762,000 0 0 0 0 $ Required > > MODE 0 $
Total costs of the company = $384,000 (variable costs) + $3,344,000 (fixed costs) = $3,728,000Total fixed costs = $3,728,000 - $384,000= $3,344,000.
The solution to the given problem is as follows: Compute the total variable cost per unit. Total variable cost per unit can be calculated as follows: Total variable cost per unit = $384,000 / 16,000 units= $24 per unit. Compute total fixed costs. Total fixed costs can be calculated by subtracting total variable costs from total costs of the company. Prepare a flexible budget at activity levels of 14,000 units and 18,000 units.
TEMPO COMPANY Flexible Budget Variable Amount per Unit Total Fixed Cost Sales $209 $3,344,000 Variable costs Direct materials $43.00 $688,000 Direct labor $28.00 $448,000 Indirect materials $11.50 $184,000 Shipping $14.00 $224,000 Total variable costs $79.50 Fixed costs Supervisor salary $7,000 Administration salaries $13,500 Depreciation $12,750 Office equipment $11,250 Insurance $9,750 Office rent $10,500 Total fixed costs $64,750 Income $508,000 1. Compute the total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 14,000 units and 18,000 units.
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Question 1
What is the quickest and easiest method that might increase
profit. It may not work, but you can implement it overnight.
Group of answer choices
reduce fixed costs
get more customers
reduce
The quickest and easiest method that might increase profit is increasing prices. For that reason, the correct option is the last.
Increasing prices (last option) may not always work but you can implement it overnight to check its impact. Below are some explanations regarding this method to increase profit. Basically, the process to increase profit is by increasing pricesIn any business, accounting plays a significant role in the economic trade of the country.
A company's accounting department manages the overall financial activities of a business and generates reports that help in decision-making.
The department uses different accounting methods to prepare financial statements, such as income statement, balance sheet, and cash flow statement.
These statements reflect the profit and loss situation of the business. If a business wants to increase its profit, one way is to increase prices of their products. However, increasing prices should be done after conducting market research to determine if consumers would pay the higher price.
Increase prices would only lead to an increase in profit if demand remains constant or demand increases more than proportionately to the price increase. On the other hand, if demand decreases more than proportionately to the price increase, then the business may experience a loss.
Thus, the decision to increase prices should be based on the judgment of the accounting department and other relevant factors that can impact the business.Adapt to demand and economic changesA business should always be adaptable to the economic changes that can affect their products.
Accounting departments should keep track of any errors or lapses in the financial activities and reporting. If the company's products demand a price increase due to the change in demand or economy, then increasing prices may be the right step to take.
Therefore, the decision to increase prices is not always straightforward and may require a lot of research and analysis to make an informed decision.
In conclusion, increasing prices may be the quickest and easiest method that could increase profit overnight, but it may not always work. It should be a well-thought-out decision that must be taken with the judgment of accounting departments, and other relevant factors that could impact the business.
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1.Re-read the article "The New Mestiza," by Gloria Anzaldua. Answer the following questions: a. How does the history of America's Southern Border demonstrate how class and race intersect to disempower Mexicans and Indigenous people who live in this increasingly precarious area?
The history of America's Southern Border reveals the intersection of class and race, leading to the disempowerment of Mexicans and Indigenous people residing in this region.
The history of America's Southern Border illustrates the intricate intersection of class and race and its consequences for Mexicans and Indigenous people in the region. The colonization and territorial acquisition by European powers and the United States resulted in the displacement and marginalization of Indigenous communities, who were stripped of their lands, resources, and autonomy. This dispossession and forced assimilation contributed to the ongoing oppression experienced by Indigenous peoples along the border.
Additionally, economic interests and the development of industries, such as agriculture and mining, further exploited Mexicans and Indigenous laborers. These industries relied on cheap labor and established a system of economic inequality, where the working class, primarily composed of Mexicans and Indigenous people,
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A !!! CAM/C 4. For C 8-9 Co Consid DME FATIGU Gears A m/c capital Straigh Conter C Chegg File | C:/Users/pdaks/Downloads/Engineering%20Economics%20and%20Management%20(IHS%20241).pdf + DY 2 of 2 2B A piece of machinery costs $7500 and has no salvage value after it is installed. The 05 manufacturer's warranty will pay the first year's maintenance and repair costs. In the second year, maintenance costs will be $900, and this item will increase on a $900 arithmetic gradient in subsequent years. Also, operating expenses for the machinery will be $500 in the first year and will increase on a $400 arithmetic gradient in the following years. If interest is 12%, what is the economic service life for this machine? ←→ Ơ Smita P Er X 10 + 60 I
To determine the economic service life of a machine, we need to calculate the point at which the present worth of the costs associated with the machine equals its initial cost.
In the first year, the manufacturer's warranty covers the maintenance costs, so the cost is $0. From the second year onwards, the maintenance costs increase on a $900 arithmetic gradient, which means they increase by $900 each year. Similarly, the operating expenses increase on a $400 arithmetic gradient.
To find the economic service life, we can use the present worth formula to calculate the present worth of the costs. The present worth is calculated by discounting each cost using the interest rate of 12% and summing them up. We need to find the point at which the present worth of costs equals the initial cost of $7500.
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consider the figure below. a positive externality exists and the government does not intervene, which point best identifies the market equilibrium?
This equilibrium point does not result in the socially optimal level of output as it does not take into account the positive externality that exists in the market. The socially optimal level of output is represented by point F, where the marginal social benefit intersects with the marginal social cost.
Firstly, it's important to define what a positive externality is. An externality is an effect of an economic activity that is experienced by third parties who are not involved in the activity. A positive externality occurs when the benefits of an activity spill over to third parties, resulting in a social benefit that is not reflected in the private benefits of the parties involved in the activity.
Now, let's consider the figure provided. In a market with a positive externality, the marginal social benefit (MSB) of the activity is greater than the marginal private benefit (MPB). This means that the social benefit of the activity is greater than the private benefit enjoyed by the parties involved in the activity.
If the government does not intervene in this market, the equilibrium point will be where the marginal private benefit (MPB) intersects with the marginal private cost (MPC) curve. This is because in an unregulated market, individuals and firms only consider their private costs and benefits when making decisions. Therefore, they will continue to engage in the activity until the marginal private benefit equals the marginal private cost. This point is represented by point E in the figure.
However, this equilibrium point does not take into account the positive externality that exists in the market. As a result, the market produces less than the socially optimal level of output. The socially optimal level of output is where the marginal social benefit (MSB) intersects with the marginal social cost (MSC) curve. This point is represented by point F in the figure.
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1. does mac group have a variable interest in cheese fund? 2. are the decision-maker fees a variable interest? 3. should mac group consolidate cheese fund?
Decision-maker fees can be considered a variable interest if they are structured in a way that exposes the decision-maker to the variability of returns from the fund.
1. To determine if Mac Group has a variable interest in Cheese Fund, we need to consider whether Mac Group has an investment in Cheese Fund that exposes them to variability in returns. If Mac Group holds a significant stake in Cheese Fund and their returns depend on the performance of Cheese Fund, then Mac Group has a variable interest in Cheese Fund.
2. For example, if the fees are tied to the performance of Cheese Fund, such as a percentage of gains or profits, then the decision-maker fees would be considered a variable interest.
3. Whether Mac Group should consolidate Cheese Fund depends on the level of control and influence Mac Group has over Cheese Fund. If Mac Group has a controlling financial interest in Cheese Fund, meaning they have the power to direct the fund's activities and are exposed to variable returns from the fund, then Mac Group should consolidate Cheese Fund in their financial statements. To make this determination, a thorough analysis of Mac Group's ownership and control over Cheese Fund is necessary.
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According to the A. Keynesian B. classical OC. neo-Marxist OD. modem monetarist economists, those who are not working have chosen not to work at the market wage.
According to classical economists, those who are not working have chosen not to work at the market wage. Classical economics emphasizes the role of individual rationality and market forces in determining labor supply and demand. According to this perspective, individuals make choices based on their own preferences and calculations of costs and benefits. If someone is not working, it is seen as a voluntary decision based on factors such as personal preferences, available alternatives, or the perceived inadequacy of the market wage.
Keynesian economists, on the other hand, would provide a different explanation. Keynesian theory emphasizes the role of aggregate demand in determining employment levels. According to Keynesian economics, unemployment can arise due to insufficient aggregate demand in the economy. In this view, individuals may be willing to work, but if there is a lack of demand for goods and services, businesses may not hire them.
Neo-Marxist economists would offer a different perspective yet. They would argue that the decision not to work at the market wage is influenced by structural factors and power dynamics in the capitalist system. Neo-Marxists focus on issues of exploitation, inequality, and class struggle. They would argue that individuals may choose not to work at the market wage due to a recognition of unfair labor conditions or a desire to resist exploitation.
Modern monetarist economists, who emphasize the role of monetary policy and the quantity of money in the economy, would likely not directly address the issue of individuals choosing not to work at the market wage. Their focus is primarily on the impact of monetary factors on inflation, economic growth, and stability.
It is important to note that economists within each of these schools of thought may have varying perspectives, and there are different theories and interpretations within each framework. Economic theories can evolve and be subject to debate and revision over time.
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Complete Question- According to the economists...........those who are not working have chosen not to work at the market wage.
A. Keynesian
B. classical
C. neo-Marxist
D. modem monetarist
Assignment
A few years ago, my CEO asked the senior team to look at "out of the box" opportunities within each one of our portfolios to save money. Human resources is generally not a revenue generating department, and it was slightly over budget. I thought about outsourcing our attendance management program to a third party. At the time, there were many organizations whose primary role was to manage an organization’s sick time. After all, managing sick time is time-consuming, expensive, and oftentimes, frustrating for an individual human resources department to deal with. After looking into the idea further, and despite significant projected savings, senior leadership decided not to proceed. Some of the main reason why we decided not to go down this path was strong resistance from our bargaining units and the perception of our staff having to deal with a third party. Despite our decision our decision not to proceed, many organizations have gotten out of the attendance/disability management business and outsourced that discipline to organizations that specialize in it.
MINI CASE STUDY INSTRUCTIONS
Using the internet or a personal experience, please provide a current (within the past 5 years) example of outsourcing in Ontario. What were the risks and benefits for the organization? Review and reflect on the overall pros and cons of the outsourcing decision in your scenario. Your written paper should be in Word, Pages, or PDF format, at least one full page in length, but no more than two (font size 10-12ppt), and with your full name and student ID printed on the top of the first page. This mini case study is worth 5% of your final grade.
One example of outsourcing in Ontario within the past 5 years is the outsourcing of IT services by a government agency.
In recent years, the Ontario government agency responsible for IT services decided to outsource its IT operations to a third-party service provider. The main benefit of this decision was cost savings, as the agency could leverage the expertise and resources of the external provider at a lower cost than maintaining an in-house IT department. Additionally, the outsourcing arrangement allowed the agency to focus on its core functions while leaving the IT management to the specialized vendor.
However, there were also risks associated with outsourcing. One of the major risks was the potential loss of control over IT operations and security. The agency had to ensure that the third-party provider adhered to strict data protection measures and maintained a high level of security. Another challenge was the need to manage the transition from the internal IT team to the external provider, including the transfer of knowledge and maintaining effective communication channels.
In conclusion, the outsourcing decision in this scenario presented both benefits and risks. While cost savings and access to specialized expertise were advantageous, the loss of control and potential security concerns required careful management. Each organization considering outsourcing should carefully evaluate the specific risks and benefits in their context to make an informed decision.
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the labor time constraint is a resource availability constraint. what will happen to the dual value (shadow price) if the right-hand-side for this constraint decreases to 400?
The labor time constraint is a resource availability constraint. In linear programming, the dual value of a constraint specifies the rate at which the objective function would increase if the constraint were to be relaxed. The shadow price is also referred to as a dual price.
The impact of reducing the right-hand side of the constraint on the dual value (shadow price) is the focal point of this problem. If the right-hand side of the constraint decreases to 400, the shadow price will change. The change in the shadow price will be the result of the changes to the labor time constraint's right-hand side. The shadow price, also known as the dual price, reflects how much the objective function's value changes for each unit increase in the resource quantity. It is a measure of the constraint's importance in determining the optimal solution.Suppose, the labor time constraint is defined as follows:6x1 + 4x2 ≤ 2400. The labor time constraint limits the total number of hours of labor available to 2400 hours. If the right-hand side is decreased to 400, then the constraint becomes:6x1 + 4x2 ≤ 400. Now, it limits the total number of hours of labor available to only 400 hours. Because of the decreased availability of the resource, the labor time constraint becomes more binding.This, in turn, results in an increase in the shadow price of the labor time constraint. The shadow price will increase because reducing the right-hand side by one unit will now lead to a larger decrease in the objective function's value due to the increased importance of the labor time constraint. As a result, the shadow price of the labor time constraint will increase if the right-hand side of the constraint decreases to 400.
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