A. The need for organizations to set clear objectives and establish the means of evaluating progress toward those objectives was a major contribution of management guru, Peter Drucker.
Peter Drucker, often regarded as the father of modern management, emphasized the importance of setting clear objectives and establishing effective evaluation mechanisms to track progress toward those objectives. He believed that organizations should have well-defined goals and metrics in order to measure their performance and make necessary adjustments. Drucker's emphasis on objective setting and evaluation provided a framework for organizations to align their actions and strategies with their desired outcomes.
While the other options listed have their own significance in the field of management, they are not specifically associated with Peter Drucker's contributions. Option B relates to the concept of business strategy and the importance of focusing on various drivers of success, but it does not directly align with Drucker's specific ideas. Option C refers to organizational learning and change, which have been explored by various management scholars, but it is not uniquely attributed to Drucker. Option D discusses the concept of "level 5 leaders" and their leadership style, which was introduced by Jim Collins in his book "Good to Great," not by Peter Drucker.
In summary, Peter Drucker's major contribution lies in promoting the need for organizations to set clear objectives and establish evaluation mechanisms to measure progress toward those objectives.
learn more about management here
https://brainly.com/question/14523862
#SPJ11
FORCo, a subsidiary of a U.S. corporation, is incorporated in Brazil. FORCo manufactures widgets in Brazil and sells them to its 100% owned subsidiary in Hungary. FORCo’s income from the sale of its widgets is not Subpart F foreign base company sales income. true or false
False. The statement is false. Subpart F rules are provisions in the U.S. tax law that aim to prevent U.S.
taxpayers from deferring taxes on certain types of passive income earned by controlled foreign corporations (CFCs). The determination of whether income is considered Subpart F foreign base company sales income depends on specific criteria outlined in the tax law.
In this scenario, FORCo is a subsidiary of a U.S. corporation and is incorporated in Brazil. It manufactures widgets in Brazil and sells them to its subsidiary in Hungary. Whether FORCo's income from the sale of widgets qualifies as Subpart F foreign base company sales income would depend on factors such as the nature of the income, the activities of FORCo in Brazil, and the application of Subpart F rules to the specific situation.
Without additional information regarding the specific characteristics of FORCo's income and its activities, it is not possible to definitively determine whether its income from the sale of widgets qualifies as Subpart F foreign base company sales income.
Learn more about aim here
https://brainly.com/question/26919847
#SPJ11
You will discuss a business organization which, in your opinion, best represents the spirit and characteristics of eco-based awareness and that is consciously committed to meet the needs of peoples and communities in a most humane way.
Please answer the following:
1. Indicate the name and provide the website address of that organization.
2. State what impresses most about the organization you have selected and explain why (two sentences).
3. Suppose you are hired by the organization. What truly creative, eco-based ideas and initiatives can you offer to the managers? Please focus on ideas or initiatives that really make an impact on the livelihoods of people.
The business organization that I believe best represents the spirit and characteristics of eco-friendly awareness and is committed to meeting in a humane way is Patagonia.
They have taken a number of steps to reduce their environmental footprint, such as using recycled and organic materials, sourcing sustainable materials, and advocating for environmental policies. Additionally, they have a program called 1% for the Planet where they donate 1% of their sales to environmental causes. If I were hired by Patagonia, I would suggest several eco-based ideas and initiatives. One idea would be to establish a program to provide eco-friendly products to people in need. This could include things like recycled clothing, reusable water bottles, and composting kits.
To learn more about business click here https://brainly.com/question/15826604
#SPJ11
Mark the following question as true or false, if false explain
why
3. A startup cannot raise capital without a lead investor
4. As discussed in class and in the Venture Deals book, cost and
potential
False. A startup can raise capital without a lead investor. While having a lead investor can provide credibility and attract other investors, it is not a requirement for raising capital.
Startups have various options for raising funds, such as crowdfunding, angel investors, venture capitalists, government grants, loans, and bootstrapping. Each of these methods has its own advantages and disadvantages, and the choice depends on the startup's specific circumstances and goals. While a lead investor can play a significant role in providing guidance and connections, it is not the sole determinant of a startup's ability to raise capital.
Incomplete(4) The statement is incomplete and does not provide enough information to determine its truth or falsehood. Without the complete sentence or context, it is unclear what cost and potential are being referred to. It is essential to have complete information or additional context to evaluate the accuracy of the statement.
Learn more about credibility here: brainly.com/question/9783067
#SPJ11
37. At a lump-sum cost of $69,000, Pratt Company recently purchased the following items for resale: Item No. of Items Purchased Resale Price Per Unit $3.75 M 4,000 12.00 N 2,000 6.00 O 6,000 The appro
The appropriate cost per unit of inventory is: M: $3.38, N: $10.80, O: $5.52
To determine the appropriate cost per unit of inventory, we need to calculate the weighted average cost based on the lump-sum cost and the quantity of each item purchased.
Total cost of items purchased = $69,000
Total quantity of items purchased:
M: 4,000
N: 2,000
O: 6,000
Percentage of total cost for each item:
M: (4,000 x $3.75) / $69,000 ≈ 0.2174
N: (2,000 x $12.00) / $69,000 ≈ 0.3478
O: (6,000 x $6.00) / $69,000 ≈ 0.4348
Weighted average cost per unit:
M: $69,000 x 0.2174 / 4,000 ≈ $3.38
N: $69,000 x 0.3478 / 2,000 ≈ $10.80
O: $69,000 x 0.4348 / 6,000 ≈ $5.52
Therefore, the appropriate cost per unit of inventory is:
M: $3.38
N: $10.80
O: $5.52
Learn more about inventory here:
https://brainly.com/question/31146932
#SPJ11
The complete question is: At a lump-sum cost of $69,000, Pratt Company recently purchased the following items for resale
Item No. of Items Purchased Resale Price Per Unit
M 4,000 $3.75
N 2,000 $12.00
O 6,000 $6.00
The appropriate cost per unit of inventory is:
M N O
$3.75 $12.00 $6.00
$3.38 $10.80 $5.40
$3.45 $11.04 $5.52
$5.75 $5.75 $5.75
please show solution and how you come up with percentages
The vast array of products that consumers buy can be classified on the basis of shopping habits and are broken down into four main areas. Discuss the four main classifications of consumer goods and explain what elements are included within each classification. Provide one example for each
The four classifications of consumer goods are convenience goods, shopping goods, specialty goods, and unsought goods.
The vast array of products that consumers buy can be classified on the basis of shopping habits and are broken down into four main classifications of consumer goods. These four classifications include convenience goods, shopping goods, specialty goods, and unsought goods. Elements that are included within each classification are the nature of the purchase, frequency of the purchase, consumer involvement, and price point. Below are the details of each classification and an example for each:1. Convenience Goods These are products that consumers buy on a frequent basis, often with little thought. They are usually inexpensive and readily available in most stores. The consumer may be brand-loyal but will quickly switch to another brand if their first choice is not available. Examples of convenience goods include milk, bread, and toiletries.2. Shopping Goods These are products that consumers buy less frequently and they will often compare different products before making a purchase. Shopping goods are often more expensive than convenience goods, and the consumer will spend more time researching before making a purchase. Examples of shopping goods include clothing, electronics, and household appliances.3. Specialty Goods These are products that consumers will go out of their way to purchase, usually because they are unique or of high quality. They are often more expensive than other types of consumer goods, and the consumer is often willing to pay a premium price to get the product. Examples of specialty goods include designer clothing, luxury cars, and gourmet food products.4. Unsought Goods These are products that consumers do not usually think about or look for. The consumer may not be aware of the product or may not have a need for it at the time. Examples of unsought goods include insurance, funeral services, and medical supplies. Understanding these classifications can help businesses to create better marketing strategies and target their customers more effectively.
To know more about goods visit:
https://brainly.com/question/12802278
#SPJ11
Complete a cause-and-effect diagram to reflect "student dissatisfied with university registration process Cack the icon to view the partially completed cause-and-effect diagram. Match each number in the diagram with the comesponding reason Number E 11 101 IV Reason Faculty not available Forms that can't be found Tasks that don't make sense Registration computers break down Complete a cause-and-effect diagram to reflect "student dissatisfied with university registration process Click the icon to view the partially completed cause-and-effect diagram Match each number in the diagram with the coresponding reason. Number 1 11 11 W Reason Faculty not available Tasks that don't make Registration computers break down Forms that can't be found O Points: 0 of 3 Complete a cause-and-effect diagram to reflect "student dissatisfied with university registration process." Click the icon to view the partially completed cause-and-effect diagram, Match each number in the diagram with the corresponding reason. Number 1 11 III IV Reason Faculty not available Tasks that don't make sense Forms that can't be found Registration computers break down estior fo, Prodiem 6.10 Reason Forms that can't be found Tasks that don't make sense Faculty not available Registration computers break down Completa a cause-and-effect diagram to refect "student dissatisfied with university registration process le Click the icon to view the partially completed cause-and-effect diagram Match each number in the diagram with the coresponding reason Number I 11 III N O Points: 0 of 3 correspo Graph/chart Material 1 Too few classes at selected hours 111 Excessive red tape ethods. Printer issues Print 11 Lateness IV Done Machinery Manpower Dissatisfied student I X
Cause-and-Effect diagram is a tool that helps analyze and track down the causes that resulted in an effect.
Here is the completed cause-and-effect diagram reflecting "student dissatisfied with university registration process":Match each number in the diagram with the corresponding reason: Number 1 - Forms that can't be foundNumber II - Tasks that don't make senseNumber III - Faculty not availableNumber IV - Registration computers break downTherefore, the correct answer is:Reason for Number 1 is "Forms that can't be found"Reason for Number II is "Tasks that don't make sense"Reason for Number III is "Faculty not available"Reason for Number IV is "Registration computers break down"
A cause and effect diagram, also known as an Ishikawa or "fishbone" diagram, is a graphic tool used to explore and display the possible causes of a certain effect. Use the classic fishbone diagram when causes group naturally under the categories of Materials, Methods, Equipment, Environment, and People. Use a process-type cause and effect diagram to show causes of problems at each step in the process.
A cause and effect diagram has a variety of benefits:
It helps teams understand that there are many causes that contribute to an effect.
It graphically displays the relationship of the causes to the effect and to each other.
It helps to identify areas for improvement.
To know more about Cause-and-Effect diagram visit:
https://brainly.com/question/20082158
#SPJ11
duke company's unadjusted bank balance at march 31 is $2,300. the bank reconciliation revealed outstanding checks amounting to $500 and deposits in transit of $400. what is the true cash balance?
The true cash balance for Duke Company is $2,200 This is the actual amount of cash that the company has available, as some checks have not yet cleared the bank and some deposits have not yet been credited to the account.
By reconciling the bank statement, Duke Company can ensure that their financial records accurately reflect their true cash position.
Therefore, the calculation would be:
Unadjusted Bank Balance = $2,300
Add: Deposits in Transit = $400
Subtract the outstanding checks ($500) from the unadjusted bank balance ($2,300).
$2,300 - $500 = $1,800
Add the deposits in transit ($400) to the balance calculated in Step 1.
$1,800 + $400 = $2,200
True Cash Balance = $2,200
The true cash balance for Duke Company is $2,200.
To know more about Cash balance visit-
brainly.com/question/32152872
#SPJ11
Discuss and decide what core problem your campaign seeks to address -- must choose an Indigenous issue of Canada that combines about Poorer health and Lower Income
Create own answer(s) to the following question:
What would a world without this problem look like?
Use words, diagrams, illustrations
Imagine unlimited resources (money, power, etc)
Enumerate all the benefits of the proposed world
The core problem that the campaign seeks to address is the intersection of poorer health and lower income among Indigenous communities in Canada.
In a world without the problem of poorer health and lower income among Indigenous communities in Canada, significant positive changes would occur. Firstly, there would be a significant improvement in health outcomes within these communities.
Secondly, the issue of lower income would be addressed, resulting in improved economic opportunities for Indigenous communities. Increased employment opportunities and higher wages would contribute to reducing poverty levels and closing the income gap.
In this proposed world, unlimited resources such as funding, power, and support would be available to address the systemic barriers and historical injustices that contribute to the poorer health and lower income experienced by Indigenous communities. Comprehensive government initiatives, community-driven programs, and partnerships would be established to ensure sustained progress and upliftment of Indigenous peoples.
The benefits of this proposed world would be numerous. Indigenous communities would experience improved health outcomes, leading to longer and healthier lives. With increased income and economic opportunities, Indigenous individuals would have the means to support themselves and their families, break free from the cycle of poverty, and create a better future for future generations.
Learn more about Income here : brainly.com/question/2386757
#SPJ11
One company’s current dividend was $2.05 per share, and dividends are expected to grow at an annual rate of 4.1% indefinitely. At the same time, the company industry has a beta of 0.95. the market risk premium is 7%, and T-bills are currently yielding 3.6%. If the stock of the company sells for $39 per share now, what is your estimate of the cost of equity for this firm?
To estimate the cost of equity for the firm, we can use the Capital Asset Pricing Model(CAPM). The cost of equity is the return required by investors to hold the stock of the company.
The CAPM formula is given by: Cost of Equity = Risk-Free Rate + Beta * Market Risk Premium.
In this case, the risk-free rate is 3.6%, the company's beta is 0.95, and the market risk premium is 7%.
Using these values, we can calculate the cost of equity as follows:
Cost of Equity = 3.6% + 0.95 * 7% = 3.6% + 6.65% = 10.25%.
Therefore, the estimate of the cost of equity for this firm is 10.25%. This means that investors would require a 10.25% return on their investment in the company's stock to compensate for the risk associated with the stock's volatility compared to the overall market.
To learn more about CAPM: -brainly.com/question/10593001
#SPJ11
A firm has the following data: average operating assets: $20 m net operating income: $2 m sales: 10 m minimum required rate of return: 6% A new project requires an investment of $2 m with net operating income of $0.16 m. If the manager is evaluated on ROI, will the manager invest in this project?
Yes, the manager will invest in this project.
To determine whether the manager should invest in the project based on ROI (Return on Investment), we need to compare the ROI of the new project with the minimum required rate of return.
ROI (Return on Investment) is calculated as:
ROI = Net Operating Income / Average Operating Assets
Given data:
Average Operating Assets = $20 millionNet Operating Income = $2 millionMinimum Required Rate of Return = 6%Let's calculate the ROI for the new project:
ROI for the new project = Net Operating Income of the project / Investment of the project
ROI for the new project = $0.16 million / $2 million
ROI for the new project = 0.08 or 8%
Since the ROI of the new project (8%) is higher than the minimum required rate of return (6%), the manager should invest in this project. A higher ROI indicates that the project is generating a return greater than the minimum required rate of return, which is favorable for the firm.
Therefore, based on the ROI evaluation criteria, the manager should invest in this project.
To learn more about ROI, Visit:
https://brainly.com/question/11913993
#SPJ11
for problem one how are you getting the percentage of 60 from
?
MANAGERIAL ACCOUNTING IS THE CLASS
Managerial Accounting, we need to determine how the percentage of 60% was obtained for problem one. In general, to calculate a percentage, you need two pieces of information: the part (or the amount you are trying to find the percentage of) and the whole (or the total amount).
For example, let's say the problem is asking for the percentage of a certain cost item in relation to the total cost. If the cost item is $120 and the total cost is $200, then you would calculate the percentage as follows:
Percentage = (Part / Whole) × 100
Percentage = (120 / 200) × 100
Percentage = 0.6 × 100
Percentage = 60%
So in this example, the cost item represents 60% of the total cost. To fully address your specific problem, we would need more details about the figures used in problem one. However, this general method is how percentages are typically calculated in Managerial Accounting.
To know more about Accounting visit:-
https://brainly.com/question/5640110
#SPJ11
What is ‘corporate governance’? Provide examples to
illustrate your answer and refer to legislation or cases where
relevant.
Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled.
It involves the relationships between a company's management, its board of directors, shareholders, and other stakeholders, and aims to ensure that the company operates in an ethical, transparent, and accountable manner. One example of corporate governance is the requirement for companies to have an independent board of directors who oversee the management's actions and make decisions in the best interest of the company and its shareholders. This helps prevent conflicts of interest and ensures the board acts as a check and balance on the management.
Legislation that promotes corporate governance includes the Sarbanes-Oxley Act in the United States, which was enacted in response to accounting scandals. It introduced regulations to enhance the accuracy and reliability of corporate disclosures and financial reporting.
Learn more about Sarbanes-Oxley Act here:
https://brainly.com/question/30781511
#SPJ11
onsider four mutually exclusive alternatives: Each alternative has a 5-year useful life and no salvage value. The MARR is 10%. Which alternative should be selected based on Future worth analysis.
A financial evaluation technique called future worth analysis is used to determine the value of a project or investment by taking into account the net cash flows that the project is anticipated to produce over its lifetime. The correct is alternative d.
The following is the Future Worth Analysis of four mutually exclusive alternatives where each alternative has a 5-year useful life and no salvage value, and the MARR is 10%.
Alternative A Alternative B Alternative C Alternative D Year 0 -$4,000 -$8,000 -$12,000 -$16,000Year 1 $2,000 $4,000 $6,000 $8,000Year 2 $2,000 $4,000 $6,000 $8,000Year 3 $2,000 $4,000 $6,000 $8,000Year 4 $2,000 $4,000 $6,000 $8,000Year 5 $2,000 $4,000 $6,000 $8,000FW $6,257 $11,278 $16,298 $21,319
As a result of the Future Worth Analysis, the alternative with the highest Future Worth should be chosen. Here, alternative D has the highest future worth of $21,319. Therefore, based on Future Worth Analysis, alternative D should be chosen.
To know more about Future Worth Analysis visit:
https://brainly.com/question/16034726
#SPJ11
The foreign bank representative office_ A) obtains local market information B) trades Eurodollars C) None of them D) accepts deposits and makes loans E) issues letters of credit
The foreign bank representative office typically obtains local market information, but it does not trade Eurodollars, accept deposits and make loans, issue letters of credit, or perform other banking functions.
Its primary purpose is to serve as a liaison between the foreign bank and local businesses and institutions, providing information about the local economy and regulatory environment, and facilitating communication and transactions between the two parties.
A foreign bank representative office is an office established by a foreign bank in a foreign country for limited purposes such as promoting the bank's services, conducting market research, and building relationships with local businesses and institutions. However, it does not engage in full banking activities such as accepting deposits, making loans, trading Eurodollars, or issuing letters of credit. Its primary function is to provide a presence for the foreign bank in the foreign market and facilitate communication and networking.
Learn more about market here:
https://brainly.com/question/32106392
#SPJ11
Why
for any financial system, liquidity is at extreme importance?
Liquidity is of utmost importance in any financial system due to several reasons. It ensures smooth functioning of financial markets, facilitates economic growth, provides stability, and allows for effective risk management.
Liquidity refers to the ease with which assets can be converted into cash without significant loss in value. It plays a crucial role in the proper functioning of financial systems for several reasons.
Firstly, liquidity ensures the smooth operation of financial markets. Buyers and sellers need a liquid market to transact efficiently, allowing them to buy and sell assets without excessive delays or disruptions. When markets lack liquidity, it becomes difficult to execute trades, resulting in higher transaction costs and increased volatility.
Secondly, liquidity is essential for economic growth. It enables businesses and individuals to access funds when needed, facilitating investment, expansion, and entrepreneurship. Adequate liquidity allows businesses to finance their operations, invest in new projects, and create jobs. It also enables individuals to access credit for major purchases like homes or education.
Furthermore, liquidity provides stability to the financial system. In times of economic stress or market downturns, having sufficient liquidity buffers helps institutions weather the storm. It allows them to meet their financial obligations, avoid insolvency, and maintain confidence among market participants. Adequate liquidity also helps prevent contagion effects, where the failure of one institution or market can trigger a broader crisis.
Effective risk management is another reason why liquidity is crucial. Liquidity provides a cushion for unexpected events and allows financial institutions to manage their liabilities and cash flows. It enables them to meet withdrawal requests from depositors, honor customer transactions, and fulfill their obligations. Insufficient liquidity can expose institutions to liquidity risk, making them vulnerable to financial distress and potential failure.
To learn more about financial - brainly.com/question/31961821
#spj11
Define transfer pricing and elaborate on FOUR (4) of its
purposes. (14 marks)
Businesses can assess their performance against their competitors, assess their efficiency and profitability, and take corrective measures.
Transfer pricing is a mechanism of accounting for the internal financial transactions of multinational corporations. It establishes a cost for transactions between various business units of the same firm based in different nations. It is done so that the transfer price is equivalent to the fair market price to avoid regulatory issues.
Below are some of the purposes of transfer pricing:
1. Tax avoidance - Multinational firms can set transfer prices to minimize the overall tax paid, by transferring their taxable revenue to low-tax jurisdictions.
2. Goal congruence - Transfer pricing aims to create a sense of goal congruence. By creating a sense of shared accountability, transfer pricing tries to balance conflicting objectives of different business units, making them work together.
3. Cost Reduction - Transfer pricing helps to lower the cost of the goods and services that a business supplies to its clients. This is beneficial for businesses that manufacture goods in one location and distribute them in other areas.
4. Performance evaluation - Transfer pricing plays a significant role in evaluating the performance of different business units of a company by allowing them to compare with the other branches. By making this comparison, businesses can assess their performance against their competitors, assess their efficiency and profitability, and take corrective measures.
To know more about Businesses visit:
https://brainly.com/question/31668853
#SPJ11
Transfer pricing is an accounting mechanism that businesses use to define the rates at which they sell goods and services to other related, typically subsidiary companies. It’s used by firms to decide on an internal transfer pricing system for moving goods or services within multinational corporations (MNCs).
The principle goal is to obtain the highest possible earnings in the different jurisdictions in which a company operates by decreasing the tax burden by transferring profits and payments between parent corporations and subsidiary corporations within the group. Transfer pricing is a mechanism that firms use to decide on an internal transfer pricing system for moving goods or services within multinational corporations (MNCs). The principal aim is to obtain the highest possible earnings in the different jurisdictions in which a company operates by decreasing the tax burden by transferring profits and payments between parent corporations and subsidiary corporations within the group. There are several reasons for businesses to implement transfer pricing policies, including the following: To move goods between the different sections of the company .To lower tax costs. To optimize profits. To increase returns .In conclusion, transfer pricing refers to the process of determining the price of goods or services that are sold between two or more related businesses. It is used to maximize profits and reduce tax liabilities by minimizing the cost of goods and services while simultaneously maximizing revenue and profits. Transfer pricing has several purposes, including the movement of goods between the different sections of the company, lowering tax costs, optimizing profits, and increasing returns. As a result, businesses must develop effective transfer pricing policies that can help them achieve their goals while also meeting the various legal and regulatory requirements in different jurisdictions.
Learn more about Transfer pricing here:
brainly.com/question/32295488
#SPJ11
"Which of the following statements is correct regarding accounts payable and the auditor's procedures?
A. Unrecorded payables are often discovered through examining vouchers payable entered into the voucher register prior to the balance sheet date.
B. Because it can be difficult to discover a transaction that has not been recorded, the audit objective of completeness drives many of the substantive procedures applied to these balances.
C. The confirmation of accounts payable selected from the year-end trial balance of such accounts is most effective in discovering unrecorded liabilities.
D. A judgment whether an unrecorded payable should be recorded before the financial statements are prepared depends entirely upon the source of the payable."
The correct statement regarding accounts payable and the auditor's procedures is:
C. The confirmation of accounts payable selected from the year-end trial balance of such accounts is most effective in discovering unrecorded liabilities.
Statement A is incorrect: Unrecorded payables are not typically discovered through examining vouchers payable entered into the voucher register prior to the balance sheet date. While examining vouchers can provide some evidence of payables, it is not the primary method for detecting unrecorded payables.
Statement B is partially incorrect: While the audit objective of completeness does drive many of the substantive procedures applied to accounts payable, it does not specifically refer to the difficulty of discovering unrecorded transactions. The objective of completeness is to ensure that all payables have been recorded.
Statement D is incorrect: The judgment of whether an unrecorded payable should be recorded before the financial statements are prepared does not depend entirely upon the source of the payable. The decision to record unrecorded payables should be based on proper accounting principles and the materiality of the amounts involved.
Therefore, the correct statement is C. The confirmation of accounts payable selected from the year-end trial balance of such accounts is most effective in discovering unrecorded liabilities. This is because confirmation provides direct communication with the suppliers to verify the existence and amounts of outstanding payables.
Learn more about payable here
https://brainly.com/question/25148915
#SPJ11
A company has three sources of borrowing:
Average loan in the year Interest expense incurred in the year
GHS GHS
7 year loan 8,000,000 800,000
10 year loan 10,000,000 900,000
Bank overdraft 5,000,000 900,000
The 7-year loan has been specifically raised to fund the building of a qualifying asset.
The company has incurred the following expenditure on a project funded from general borrowings for the year ended 31 December 2021.
Date incurred: Amount (GHS)
31 March 1,000,000
31 July 1,200,000
30 October 800,000
Required:
Calculate the amount to be capitalised in respect of capital work in progress during 2021.
The amount to be capitalized in respect of capital work in progress during 2021 is GHS 923,100.
To calculate the amount to be capitalized in respect of capital work in progress during 2021, we need to determine the portion of the project expenditure that qualifies for capitalization.
In this case, the 7-year loan was specifically raised to fund the building of a qualifying asset. Therefore, we can assume that the interest expense incurred on this loan is directly attributable to the project.
First, we calculate the total interest expense incurred in the year for all borrowing sources:
Total Interest Expense = Interest expense on 7-year loan + Interest expense on 10-year loan + Interest expense on bank overdraft
Total Interest Expense = GHS 800,000 + GHS 900,000 + GHS 900,000
Total Interest Expense = GHS 2,600,000
Next, we determine the portion of the interest expense that can be capitalized based on the project expenditure incurred during the year.
The capitalization rate can be calculated as:
Capitalization Rate = Interest expense on 7-year loan / Total Interest Expense
Capitalization Rate = GHS 800,000 / GHS 2,600,000
Capitalization Rate = 0.3077 (rounded to four decimal places)
Finally, we calculate the amount to be capitalized in respect of capital work in progress during 2021 by multiplying the capitalization rate by the project expenditure incurred during the year:
Amount to be Capitalized = Capitalization Rate × Project Expenditure
Amount to be Capitalized = 0.3077 × (GHS 1,000,000 + GHS 1,200,000 + GHS 800,000)
Amount to be Capitalized = 0.3077 × GHS 3,000,000
Amount to be Capitalized = GHS 923,100 (rounded to the nearest Ghanaian Cedi)
Know more about capital work in progress here:
https://brainly.com/question/15203303
#SPJ11
A very new answer please, thank you.
What are the five types of powers? Can a leader exercise all the powers?
The five types of power are 1. Legitimate power, 2. Coercive power, 3. Reward power, 4. Expert power and 5. Referent power.
The five types of power are; legitimate power, coercive power, reward power, expert power and referent power. Yes, a leader can exercise all the powers. The following are the five types of power: 1. Legitimate power - It is the power that comes with the position or title that one holds in an organization. 2. Coercive power - This type of power is used to force others to comply with the orders given by the one holding the power. 3. Reward power - The ability to give someone what they want or to reward them is known as reward power. 4. Expert power - Expert power comes from a person's knowledge, skill, or expertise in a particular area. 5. Referent power - It is based on the charisma, personality, or likability of an individual.A leader can exercise all the powers. In some cases, leaders may have power because of their position in the organization, while in others, they may have power due to their personal qualities, such as their expertise or their ability to inspire others.
To know more about Legitimate power visit:
https://brainly.com/question/4584133
#SPJ11
politicians have suggested that the budget deficit could be reduced by:_____
Politicians have suggested that the budget deficit could be reduced by implementing measures such as spending cuts, tax increases, and economic growth policies.
Spending cuts involve reducing government spending in areas such as defense, social programs, and infrastructure projects. Tax increases refer to increasing the taxes paid by individuals and businesses, which would result in higher revenue for the government. Economic growth policies aim to increase economic activity and job creation, which would lead to higher tax revenues and reduced government spending on social welfare programs.
It is worth noting that each of these measures has its advantages and disadvantages. Spending cuts and tax increases can have negative impacts on the economy, as they can reduce consumer and business spending, which could lead to job losses and lower economic growth. Economic growth policies, on the other hand, can take time to have an impact and may require government investment.
Overall, reducing the budget deficit is a complex issue that requires careful consideration of the various options available. It is essential to strike a balance between reducing the deficit and maintaining economic growth and social welfare programs.
learn more about Tax
https://brainly.com/question/31518227
#SPJ11
A Moving to another question will save this response. Question 2 Economic models are most often composed of diagrams and equations. True False A Moving to another question will save this response. OO
The statement "Economic models are most often composed of diagrams and equations" is generally true.
Economic models are typically constructed using a combination of diagrams and equations to represent and analyze economic relationships, behaviors, and outcomes. Diagrams, such as graphs or flowcharts, visually depict the relationships between variables, while equations express mathematical relationships and provide a quantitative understanding of economic phenomena. However, it's worth noting that not all economic models exclusively rely on diagrams and equations; some models may also incorporate textual descriptions or qualitative analysis.
learn more about Economic here :
https://brainly.com/question/14355320
#SPJ11
Bring out the seven executives of goldman sachs and their
profiles
Goldman Sachs is a multinational investment bank and financial services company.
While I cannot provide real-time information about the current executives at Goldman Sachs as my knowledge cutoff is in September 2021, I can provide a general overview of the types of executives typically found at such institutions.
The second paragraph will provide an explanation of the different executive roles commonly seen at Goldman Sachs.
Goldman Sachs, like many large financial institutions, typically has a team of executives overseeing various aspects of the business. Some key executive roles that might be found at Goldman Sachs include:
Chief Executive Officer (CEO): The CEO is the highest-ranking executive responsible for the overall strategy, performance, and direction of the company.
Chief Financial Officer (CFO): The CFO is in charge of managing the financial operations of the company, including financial planning, budgeting, and reporting.
Chief Operating Officer (COO): The COO oversees the day-to-day operations of the company and ensures smooth functioning across different departments.
Chief Investment Officer (CIO): The CIO is responsible for managing the company's investment portfolios and making strategic investment decisions.
Chief Risk Officer (CRO): The CRO is responsible for identifying and managing potential risks to the company, including market risks, credit risks, and operational risks.
Chief Compliance Officer (CCO): The CCO ensures that the company operates in compliance with relevant laws, regulations, and internal policies.
Head of Human Resources (HR): The HR executive oversees the company's human resources functions, including recruitment, training, performance management, and employee relations.
These are some of the executive roles commonly seen at financial institutions like Goldman Sachs.
However, please note that the specific individuals currently holding these positions may have changed since my knowledge cutoff in September 2021.
Learn more about Chief Executive Officer (CEO) here
https://brainly.com/question/31811219
#SPJ11
Comparative financial statement data of Canfield, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Begin by selecting the formula to compute the debt to equity ratio. Debt to equity ratio = Total liabilities - Total equity Now, compute the debt to equity ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Debt to equity ratio 2024 1.56 2023 1.58 Requirement 1g. Compute the rate of return on common stockholders' equity for 2024 and 2023. Begin by selecting the formula to compute the rate of return on common stockholders' equity. Rate of return on common stockholders' equity (Net income-Preferred dividends) + Average common stockholder's equity Now, compute the rate of return on common stockholders' equity for 2024 and 2023. (Round your answers to one tenth of a percent, X.X. Do not enter Rate of return on common stockholders' equity % 2024 % 2023 % Help me solve this Demodocs example 0-1 D (Click Read the TS for hold ge co d 20 help- ▲ Income Statement Canfield, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 $ 466,000 $ 422,000 237,000 218,000 229,000 204,000 137,000 135,000 92,000 69,000 9,000 10,000 83,000 59,000 22,000 24,000 $ 61,000 $ 35,000 Done Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income From Operations Interest Expense Income Before Income Tax Income Tax Expense Net Income Print - X - kample, Balance Sheet Assets Current Assets: Cash Accounts Receivables, Net Merchandise Inventory Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net Total Assets Liabilities Total Current Liabilities Long-term Liabilities Tatal Liabilition Get more neip Canfield, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 Print $ 2023 2022* 90,000 $ 89,000 111,000 115,000 $103,000 143,000 161,000 211,000 19,000 10,000 363,000 375,000 217,000 179,000 580,000 $ 554,000 $601,000 230,000 $ 240,000 123,000 99,000 252.000 230.000 Done - X 0.2% E Balance Sheet Accounts Receivables, Net Merchandise Inventory Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net Total Assets Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity Preferred Stock, 5% Common Stockholders' Equity, no par Total Liabilities and Stockholders' Equity * Selected 2022 amounts Print Get more help 111,000 115,000 $ 103,000 143,000 161,000 211,000 19,000 10,000 363,000 375,000 217,000 179,000 580,000 $ 554,000 $601,000 230,000 $ 240,000 123,000 99,000 353,000 339,90 110,000 110,000 117,000 105,000 $ 580,000 $ 554,000 Done $ 89,000 - X 0.2
The rate of return on common stockholders' equity is 14.1% and 11.4% for 2024 and 2023 respectively.
Debt to equity ratio is a financial ratio that is used to evaluate a company's ability to pay off its debts by comparing its total liabilities to shareholders' equity. Here, we will compute the debt-to-equity ratio for 2024 and 2023. The formula to compute the debt to equity ratio is as follows:
Debt to equity ratio = Total liabilities / Shareholders' equity
Thus, the debt to equity ratios for 2024 and 2023 are computed as follows:
Debt to equity ratio for 2024 = Total liabilities / Shareholders' equity
= $353,000 / $226,000
= 1.56
Debt to equity ratio for 2023 = Total liabilities / Shareholders' equity
= $339,900 / $214,900
= 1.58
Rate of return on common stockholders' equity is the return on investment that common stockholders receive on their shares. It is calculated by dividing net income minus preferred dividends by the average common stockholder's equity. The formula to compute the rate of return on common stockholders' equity is as follows:
Rate of return on common stockholders' equity = (Net income - Preferred dividends) / Average common stockholder's equity
Thus, the rate of return on common stockholders' equity for 2024 and 2023 are computed as follows:
Rate of return on common stockholders' equity for 2024 = (Net income - Preferred dividends) / Average common stockholder's equity
= ($61,000 - $9,000) / ($226,000 + $214,900) / 2
= 14.1%
Rate of return on common stockholders' equity for 2023 = (Net income - Preferred dividends) / Average common stockholder's equity
= ($35,000 - $10,000) / ($214,900 + $179,000) / 2
= 11.4%
Thus, the rate of return on common stockholders' equity is 14.1% and 11.4% for 2024 and 2023 respectively.
To know more about Stockholders visit :
https://brainly.com/question/18523103
#SPJ11
An engineer received a bonus of $10,000 that he will invest now. He wants to calculate the equivalent value after 20 years, when he plans to use all the resulting money as the down payment on an island vacation home. Assume a rate of return of 9% per year for each of the 20 years. Find the amount he can pay down, using both the standard notation and the factor formula
To calculate the equivalent value of the bonus after 20 years, we can use both the standard notation and the factor formula.
Using the standard notation:
Let P be the initial amount invested, which is $10,000.
Let r be the rate of return per year, which is 9% or 0.09.
Let n be the number of years, which is 20.
The future value (FV) of the investment can be calculated using the formula:
FV= P * (1 + r)^n
Substituting the given values:
V = $10,000 * (1 + 0.09)^20
Caculating the value:
FV ≈ $10,000 * (1.09)^20
FV ≈ $10,000 * 4.8974
FV ≈ $48,974
Therefore, using the standard notation, the engineer can pay down approximately $48,974 for the vacation home.
Using the factor formula:
The factor formula is given as:
FV = P * (F/P, i%, n)
Where F/P, i%, n represents the factor for finding the future value of a present sum.
Using the factor formula, we can calculate the equivalent value as follows:
FV = $10,000 * (F/P, 9%, 20)
Reerring to financial tables or using a financial calculator, we can find that the factor for F/P, 9%, 20 is approximately 4.8974.
Substituting the values:
FV ≈ $10,000 * 4.8974
FV ≈ $48,974
Again, the engineer can pay down approximately $48,974 for the vacation home using the factor formula.
Both methods yield the same result, showing that the engineer can pay down approximately $48,974 for the vacation home after 20 years of investment with a 9% annual rate of return.
To learn more about equivalent click on the link below:
brainly.com/question/26484014
#SPJ11
.Influences on the structural vacancy rate - be able to discuss any potential influence
In the short run, the factors that impact the structural unemployment rate are limited. In the long run, however, the structural unemployment rate is influenced by a variety of factors. Some of the main factors that can influence the structural unemployment rate include the following: Changes in the labor market: Changes in the labor market, such as technological advancements, can have an effect on the structural unemployment rate. As technology advances, new positions are created, while others are phased out. People with outdated skills may not be able to fill the new job vacancies, resulting in a higher structural unemployment rate.
Structural unemployment is influenced by a variety of factors in the long run. Changes in the labor market, such as technological advancements, can have an effect on the structural unemployment rate. As technology advances, new positions are created, while others are phased out. People with outdated skills may not be able to fill the new job vacancies, resulting in a higher structural unemployment rate. Changes in demographics can also influence the structural unemployment rate. Changes in the population's age distribution can result in a higher or lower structural unemployment rate. Additionally, the level of education of the workforce can impact the structural unemployment rate. Those with higher education and skills have a lower structural unemployment rate.
In conclusion, changes in the labor market, demographics, and education can all have an impact on the structural unemployment rate. As technology advances, and new jobs are created, outdated skills become less relevant. As the population ages, there is a greater likelihood of unemployment due to decreased demand for certain skills. Finally, a lack of education can make it difficult to compete for jobs with a higher demand for skills.
To know more about structural unemployment rate visit:
https://brainly.com/question/29744731
#SPJ11
The structural vacancy rate refers to the percentage of vacant properties within a particular real estate market that are unlikely to be leased or occupied due to underlying structural factors.
Explain structural vacancy rate.
According to theory, the market is at equilibrium when the vacancy rate is normal or structural. This may seem counterintuitive because any amount of unsold inventory might be seen as an excess supply. Since it's empty, there must not be any interest in it. It has been experimentally proven that a minimal vacancy rate is required for the smooth running of a real estate market, despite the fact that this is not the case in reality.
We can determine the status of the market (excess demand or surplus supply) and whether rents should be growing or dropping by comparing the nominal vacancy rate (V) that predominates in a market with its structural or equilibrium vacancy rate (V*).
To study more about structural vacancy rate.
https://brainly.com/question/14283286
#SPJ4
a. Distinguish between divestiture, greenfield and concession investment in transport, provide relevant examples in the context of Jamaica. 15 marks) b. The private sector is considering a long-term concessionary agreement with the government to operate and expand the Port of Kingston. Briefly explain FOUR possible environmental impact that this expansion could have on the eco-system (8 marks) c. Discuss, using examples FOUR ways that the Jamaican government have attempted to provide first world transportation for its citizens over the last ten years. (12 marks)
a. Distinguish between divestiture, greenfield and concession investment in transport, provide relevant examples in the context of Jamaica.DivestitureDivestiture is a process where a company sells, transfers, or spins off a division or subsidiary to focus on its core business.
Divestiture is an exit strategy that a company uses to cope with declining profits, unfavorable market conditions, or to streamline operations. A prime example of divestiture in the transport sector is the Jamaica government's divestiture of Air Jamaica in 2004 to Caribbean Airlines.GreenfieldGreenfield investment is a process where a company establishes a new business or expands an existing one in a foreign country. A Greenfield investment can be a wholly-owned subsidiary or a joint venture with a local company. A prime example of greenfield investment in Jamaica is the development of the Caymanas Economic Zone.Concession InvestmentConcession investment is a contractual agreement between the government and a private company that grants the company exclusive rights to build, operate, and maintain a public infrastructure asset. In return, the company makes an upfront payment and/or revenue-sharing arrangement with the government.
A prime example of concession investment in Jamaica is the Kingston Container Terminal operated by Kingston Freeport Terminal Limited (KFTL).b. The private sector is considering a long-term concessionary agreement with the government to operate and expand the Port of Kingston. Briefly explain FOUR possible environmental impact that this expansion could have on the eco-system (8 marks)Possible Environmental Impacts that this expansion could have on the ecosystem:Increased air and water pollution from increased industrial activity.Loss of habitat and destruction of mangrove swamps and wetlands.Land erosion and sedimentation from the dredging of the harbor and increased ship traffic.The displacement of marine life and disruption of fish breeding areas.c. Discuss, using examples FOUR ways that the Jamaican government has attempted to provide first-world transportation for its citizens over the last ten years. (12 marks)The Jamaican government has attempted to provide first-world transportation for its citizens over the last ten years in the following ways:Improvement of road infrastructure: The government has invested in the construction of new roads, bridges, and highways, and the repair of old ones.
For example, the Mandela Highway Improvement Project, which expanded the four-lane highway from Kingston to Spanish Town to six lanes and the Mount Rosser Bypass project, which cut travel time between Kingston and Ocho Rios by 30 minutes.Public Transportation: The government has introduced several new public transportation initiatives, such as the Jamaica Urban Transit Company (JUTC), Montego Bay Metro, and the Jamaica Railway Corporation (JRC). JUTC, for example, has a fleet of modern buses that provide scheduled bus services throughout the Kingston Metropolitan Area. Montego Bay Metro operates a BRT system, while the JRC is developing a modern passenger train service.Road safety: The government has implemented several road safety initiatives, including increased traffic law enforcement, public education, and the upgrading of road signs and traffic signals. For example, the Road Safety Unit of the Ministry of Transport and Mining has introduced the National Road Safety Council, which is responsible for reducing road accidents and fatalities.Rail transportation: The Jamaican government has reintroduced the passenger rail service with the introduction of the JRC, which operates between Spanish Town and Linstead. The government also plans to expand the rail network to other parts of the country, such as Montego Bay and Mandeville.
To know more about Divestiture visit:
https://brainly.com/question/15056880
#SPJ11
The cost to produce Part A was $20 per unit in 2019. During 2020, it has increased to $25 per unit. In 2020, Sheridan Company has offered to supply Part A for $18 per unit. For the make-or-buy decisio
The cost to produce Part A increased from $20 per unit in 2019 to $25 per unit in 2020. Sheridan Company has offered to supply Part A for $18 per unit in 2020.
The make-or-buy decision involves assessing whether it is more cost-effective to produce a product internally or to purchase it from an external supplier. In this case, the cost of producing Part A increased from $20 to $25 per unit between 2019 and 2020. This significant increase in production costs may indicate various factors such as rising material costs, labor expenses, or overhead expenses. On the other hand, Sheridan Company is offering to supply Part A for $18 per unit in 2020, which is lower than the company's internal production cost.
Considering the cost difference, it would be financially beneficial for Sheridan Company to buy Part A from the external supplier rather than producing it internally. By purchasing Part A from Sheridan Company, the company can save $7 per unit compared to the increased internal production cost. This cost savings can have a positive impact on the company's overall profitability and competitiveness. However, other factors such as quality, reliability, and delivery time should also be considered in the make-or-buy decision.
Learn more about labor expenses here-
https://brainly.com/question/31986657
#SPJ11
1. Describe the Tenaga Nasional Berhad (TNB) place strategy problem and provide solution.
2. Describe the TNB promotion strategy problem and provide one solution.
identify the problem faced by the TNB to market its service in term of the place strategy and promotion strategy. Provide solution for that problem.
1. The place strategy problem faced by Tenaga Nasional Berhad (TNB) is the difficulty in reaching customers in remote areas with limited access to electricity.
2. This campaign should focus on highlighting TNB's services and their benefits to potential customers. By increasing awareness about its services, TNB can attract more customers and grow its market share.
1. TNB's distribution network is not well established in rural areas, which limits its ability to reach potential customers in those regions. The solution to this problem is to invest in building a more extensive distribution network in remote areas. This will help TNB reach potential customers and increase its market share in these regions.
2. The promotion strategy problem faced by TNB is the lack of awareness about its services among potential customers. Despite being the leading electricity provider in Malaysia, many potential customers are not aware of TNB's services. One solution to this problem is to launch a comprehensive advertising campaign across multiple media channels, including television, radio, print, and social media. This campaign should focus on highlighting TNB's services and their benefits to potential customers. By increasing awareness about its services, TNB can attract more customers and grow its market share.
Learn more about Tenaga Nasional Berhad here:-
https://brainly.com/question/1272596
#SPJ11
Give a company that the manager have sizeable amounts of common
stock in the company? Explain
A manager who holds a significant amount of common stock in a company is considered to have a substantial ownership stake in that particular company.
One example of a company where a manager may hold a sizeable amount of common stock is Tesla Inc. Tesla's CEO, Elon Musk, owns a substantial portion of the company's common stock, making him the largest individual shareholder. As of my knowledge cutoff in September 2021, Musk's ownership stake in Tesla exceeded 20%.
When a manager holds a significant amount of common stock, it aligns their interests with those of other shareholders. Their personal wealth and financial success become tied to the performance of the company's stock. This can incentivize the manager to make decisions that benefit the company and its shareholders in order to increase the stock's value.
Having a substantial ownership stake also provides the manager with increased influence and voting power within the company. They may have the ability to influence strategic decisions, such as mergers and acquisitions, capital allocation, executive appointments, and other matters that impact the company's direction.
Furthermore, a manager with a large ownership stake may be more motivated to engage in long-term thinking and prioritize sustainable growth over short-term gains. Their focus is on building the company's value and maintaining a favorable stock price, which can attract and retain investors.
To learn more about manager - brainly.com/question/15214475
#spj11
In this project, you are going to set up a fictitious business
of your own in any province of Canada and take the perspective of
the Chief Executive Officer to reflect on the dimensions of
business et
As the CEO of a fictitious business in Canada, you must reflect on the dimensions of business ethics and ensure that ethical principles are embedded in the culture and operations of your organization.
In this project, you are going to set up a fictitious business of your own in any province of Canada and take the perspective of the Chief Executive Officer to reflect on the dimensions of business ethics. Business ethics are a set of principles and values that guide decision-making in the business world. The objective of business ethics is to ensure that organizations behave responsibly, comply with the law, and promote ethical conduct by their employees. Business ethics can be divided into three dimensions: personal, professional, and corporate. The personal dimension pertains to individual values and behavior. The professional dimension pertains to the ethical practices of specific professions. The corporate dimension pertains to the ethical practices of organizations themselves. Each of these dimensions is critical to understanding the role of business ethics in a fictitious business. As a Chief Executive Officer (CEO), it is essential to ensure that ethical principles are embedded in the business's culture and operations. In particular, the CEO must focus on the corporate dimension of business ethics to ensure that the organization behaves responsibly and promotes ethical conduct among its employees.
To know more about business ethics, visit:
https://brainly.com/question/30397877
#SPJ11
As the Chief Executive Officer (CEO) of a fictitious business operating in the province of Ontario, Canada, I will provide insights on various dimensions of business ethics. Running a business has duties that go beyond profitability and expansion.
The organization's culture, values, and long-term viability are significantly shaped by ethical considerations.
Honesty and Integrity: Maintaining honesty and integrity is essential for every business. In all facets of business operations, our organisation will prioritise ethical and transparent behaviour.
Corporate Social Responsibility (CSR): Recognising our need to contribute to the well-being of the society and the environment, our organisation will actively participate in CSR projects.
Learn more about dimensions here:
brainly.com/question/31106945
#SPJ4
