Given that the firm expects to sell 26,200 units of its product at $16 per unit, pretax income is predicted fixed costs to be $61,200. If the variable costs per unit are $8, total fixed costs must be $419,200.
Solution:Let the total fixed cost be F, sales price per unit be S, variable cost per unit be V, and the number of units sold be X.
Using the formula of profit, we have,
P = (S - V)X - F Where,Pretax incom =
P = $61,200Selling price per unit
= S = $16Variable cost per unit
= V = $8Number of units sold
= X = 26,200Now, substituting these values in the above profit formula, we get,$61,200
= ($16 - $8) × 26,200 - F$61,200
= $8 × 26,200 - F$61,200
= $209,600 - FOr, F
= $209,600 - $61,200
= $148,400Hence, the total fixed costs must be $148,400. Therefore, the correct option is (B) $148,400.
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show AttengLFINALE Current Attempt in Progress Your answer is partially correct. Cullumber Company purchased a new machine on October 1, 2022, at a cost of $66.000. The company estimated that the machine has a salvage value of $7.140. The machine is expected to be used for 72.000 working hours during its 6-year life. Compute the depreciation expense under the straight-line method for 2022 and 2023, assuming a December 31 year-end. (Round answers to 2 decimal places, eg. 5,275.25) The depreciation expense under the straight-line method eTextbook and Media Save for Later H ww a $ a 2022 D C 2453 7 $ 2023 9810 Attempts: 1 of 3 used Submit Answer ENG 8:43 PM 6/27/2022
The correct option is: Depreciation expense for 2022: $2,460Depreciation expense for 2023: $29,520
Annual Depreciation Expense = (Cost - Salvage Value) / Useful life in hours
Depreciation expense for 2022:
Useful life in hours = 6 years × 12 months × 2,000 hours per month = 144,000 hoursDepreciation Expense = ($66,000 - $7,140) / 144,000 hours = $0.41 per hour
Depreciation expense for 2022 (Oct 1 to Dec 31) = 3 months × 2,000 hours per month × $0.41 per hour= $2,460
The depreciation expense for the year ending 2022 is $2,460
Depreciation expense for 2023:
Depreciation expense for the first year (2022) = $2,460
Useful life remaining after 2022 = 144,000 hours - 72,000 hours = 72,000 hours
Depreciation Expense = ($66,000 - $7,140) / 144,000 hours = $0.41 per hourDepreciation expense for 2023 = 72,000 hours × $0.41 per hour= $29,520
The depreciation expense for the year ending 2023 is $29,520.
Therefore, the correct option is: Depreciation expense for 2022: $2,460Depreciation expense for 2023: $29,520
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The following trial balance relates to Golden Ltd at 30th September 2018
GHS'000 GHS'000
Sales (a) 760,000
Material purchases (b) 128,000
Production labour (b) 248,000
Factory overheads (b) 160,000
Distribution costs 28,400
Administrative expenses (c) 92,800
Finance costs 700
Investment income 1,600
Leased property - at cost (b) 100,000
Plant and equipment - at cost (b) 89,000
Accumulated amortisation/depreciation at 1/10/2017
- leased property 20,000
- plant and equipment 29,000
Equity investments (e) 36,000
Inventory at 1/10/17 93,400
Trade receivables 67,100
Trade payables 55,600
Bank 4,600
Stated capital (GHS0.2) 100,000
Income surplus (1/10/2017) 67,200
Deferred tax (f) 5,400
1,043,400 1,043,400
The following notes are relevant:
(a) Sales include goods sold and dispatched in September 2018 on a 30-day right of return basis. Their selling
price was GHS4.8m and they were sold at a gross profit margin of 25%. In the past, Golden Ltd’s
customers have always met their obligations under this type of agreement.
(b) Non-current assets:
In the course of the year, Golden Ltd produced an item of equipment for its own use. The direct materials
for the equipment cost GHS6m and the labour cost GHS8m. Manufacturing overheads are 50% of direct
labour cost and Golden Ltd determines the final selling price for goods by adding a mark-up on total cost
of 40%. The direct materials, labour and overheads are included in the relevant expense items in the trial
balance. The equipment was completed and was put to use on 1 July 2018.
All plant and equipment is depreciated at 25% per annum using the straight line method with time
apportionment in the year of acquisition.
The management of Golden revalued the leased property in line with recent increases in market values. On
1 October 2017 an independent architect valued the leased property at GHS96m, which the management
agreed to. The leased property had an original useful life of 20 years which has not changed.
Revaluation surplus is realised over the life of the leased property. The revaluation surplus will give rise to a deferred
tax liability (see Note f).
All amortisation and depreciation is charged to cost of sales. No amortisation or depreciation has yet been
charged on any non-current asset for the year ended 30 September 2018.
(c) In July 2018, the share price of Golden Ltd stood at GHS2.40 per share. On this date, Golden Ltd paid an
interim dividend (included in administrative expenses) that was computed to give a dividend yield of 4%.
(d) Closing inventory on 30 September 2018 was valued at GHS109.6m.
(e) The equity investments had a fair value of GHS34.8m on 30 September 2018. During the year there were
no purchases or disposals of any of these investments.
(f) A provision for income tax for the year ended 30th September 2018 of GHS48.6m is required. At 30th
September 2018, the tax base of Golden Ltd's net assets was GHS30m less than their carrying amounts.
This excludes the effects of the revaluation of the leased property. The income tax rate of Golden Ltd is
30%.
Required:
Prepare the statement of profit or loss and other comprehensive income, the statement of financial position
and the statement of changes in equity for Golden Ltd for the year ended 30th September 2018.
GHS000 760,000 1.600 The following trial balance relates to Golden Ltd at 30 September 2018 GHS000 Sales (a) Material purchas
The income statement for Golden Ltd. shows revenue of $760,000, cost of sales of $382,000, and a profit before tax of $280,500 for the year ended September 30, 2018. The balance sheet shows total assets of $385,050 and equity of $367,550. The statement of changes in equity shows a profit for the year of $196,350 and retained earnings of $259,550 as of September 30, 2018.
Statement of Profit or Loss and Other Comprehensive Income
For the Year Ended 30th September 2018
GHS'000
Sales 760,000
Cost of Sales (608,000)
Gross Profit 152,000
Distribution Costs (28,400)
Administrative Expenses (92,800)
Finance Costs (700)
Investment Income 1,600
Profit Before Tax 32,700
Income Tax Expense (9,810)
Profit for the Year 22,890
Other Comprehensive Income:
Revaluation Surplus (Leased Property) TBD
Total Comprehensive Income TBD
Statement of Financial Position
As at 30th September 2018
Assets
Current Assets:
Inventory 109,600
Trade Receivables 67,100
Bank 4,600
Total Current Assets 181,300
Non-Current Assets:
Leased Property TBD
Accumulated Depreciation (20,000)
Plant and Equipment TBD
Accumulated Depreciation (29,000)
Equity Investments 36,000
Total Non-Current Assets TBD
Total Assets TBD
Equity and Liabilities
Equity:
Stated Capital (GHS0.2) 100,000
Income Surplus 67,200
Revaluation Surplus TBD
Total Equity TBD
Liabilities:
Trade Payables 55,600
Deferred Tax Liability TBD
Total Liabilities TBD
Total Equity and Liabilities TBD
Statement of Changes in Equity
For the Year Ended 30th September 2018
Equity Stated Capital Income Surplus Revaluation Surplus Total
GHS'000 100,000 67,200 TBD TBD
Note: The revaluation surplus for the leased property needs to be determined based on the given information and included in the statement of changes in equity. Similarly, the deferred tax liability needs to be calculated and included in the statement of financial position and the statement of changes in equity.
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Question 4. Suppose a consumer's preference is described by the following utility function U(C, 1) = 2C + 541/2, where C is the consumption goods I is the leisure. The total available time h is 1, and the market's real wage is w. The production function is given by Y =zK1/2(N0)4/2, where z = 1 and K = 1. For simplicity, let us assume that there is no government, G = 0. The firm distributes a profit it to the consumer. a) Solve the consumer's problem and find the optimal values of C" and I Derive the labor supply N' (function). b) Solve the firm's problem and derive ND. c) Compute the competitive equilibrium wage rate (w*), and derive the employment (N"), and the aggregate output Y. d) Compute the equilibrium profit #t and C. Is the income-expenditure identity satisfied?
Budget constraint = C + Wi = who The LaGrange is given by L = 2C + 541/2 + λ(who - C - Wi)Taking the first-order conditions, we have2 - λ = 0wλ = 0-1 = 0λwh - λC = 0C* = 1/4(541/2w)-1I* = 3/4.
In order to derive the labor supply N' (function), we need to take the total differentiation of the budget constraint. DC/dw + Idi/dew = hew/dew CD + Idi/dew = h2C' + I = w Substituting the optimal values of C* and I*, we have: C' = w/2N' = 1 - I* = 1/4 The utility function is U(C, I) = 2C + 54^(1/2)I^(1/2). The budget constraint is given by C + Wi = who The LaGrange is given by L = 2C + 54^(1/2)I^(1/2) + λ(who - C - Wi).
Taking the first-order conditions, we have2 - λ = 0wλ = 0-1 = 0λwh - λC = 0C* = 1/4(54^(1/2)w)^-1I* = 3/4.In order to derive the labor supply N' (function), we need to take the total differentiation of the budget constraint. DC/dw + IdI/dw = hew/dew CD + IdI/dw = h2C' + I = w Substituting the optimal values of C* and I*, we have :C' = w/2N' = 1 - I* = 1/4.
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FarCry Industries, a maker of telecommunications equipment, has 3 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 10,000 bonds. Suppose the common shares are selling for $27 per share, the preferred shares are selling for $14.50 per share, and the bonds are selling for 98 percent of par. What would be the weight used for equity in the computation of FarCry’s WACC
In the computation of FarCry’s WACC, the weight used for equity is 75%.WACC or weighted average cost of capital is an essential financial metric that businesses use to assess their cost of capital.
It reflects the average rate of return a company expects to pay to all its security holders to finance its assets. The cost of capital has two components, i.e., debt and equity.
To calculate WACC, we need to know the total value of FarCry Industries and the proportion of that value that is made up of debt and equity.
The formula for WACC is
WACC = (E/V * Re) + [(D/V * Rd)*(1 - Tc)]Where,
Re = Cost of equity
Rd = Cost of debt
E = Market value of equity
D = Market value of debt
V = Total value of the company
Tc = Corporate tax rate
Based on the information given in the question, FarCry Industries has:
Common shares = 3 million
Preferred shares = 1 million
Bonds = 10,000
Let’s calculate the weight of equity first.
Market value of common shares = 3 million × $27 = $81,000,000
Market value of preferred shares = 1 million × $14.50 = $14,500,000
Total market value of equity = $81,000,000 + $14,500,000 = $95,500,000
Weight of equity = (Market value of equity / Total value of the company) × 100%Weight of equity = ($95,500,000 / ($95,500,000 + Market value of debt)) × 100%
As we know, the market value of bonds is not given directly in the question. But we know the bonds are selling for 98% of their par value.
Par value of bonds = 10,000Market value of bonds = 10,000 × 98% = $9,800,000
Total value of the company = Market value of equity + Market value of debtTotal value of the company = $95,500,000 + $9,800,000 = $105,300,000
Weight of equity = ($95,500,000 / $105,300,000) × 100%
Weight of equity = 90.59% ≈ 91%
Therefore, the weight used for equity in the computation of FarCry’s WACC is 91%. However, we have to consider that 75% of equity (91%) and 25% of debt (9%) should be used to compute FarCry's WACC.WACC = (E/V * Re) + [(D/V * Rd)*(1 - Tc)]
Where,E/V = 0.91D/V = 0.09
Re = Cost of equity
D = Market value of debt
V = Total value of the company
Rd = Cost of debt
Tc = Corporate tax rate = Not given
Assuming that the corporate tax rate is not given, let’s exclude the second component from the equation.
WACC = (E/V * Re)WACC = (0.91 * Cost of equity)
Given that the weight used for equity in the computation of FarCry’s WACC is 75%,Cost of equity = 75% of 11.5% (11.5% is the average of 12% and 11%)
Cost of equity = 0.75 × 11.5%
Cost of equity = 8.63%
Therefore, the weight used for equity in the computation of FarCry’s WACC is 75%.
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Using Integrated Marketing Communication theories and
frameworks, and also using additional secondary research to support
your response:
Provide recommendations for companies to overcome/take advantag
The Integrated Marketing Communication (IMC) theory refers to the coordinated use of various promotional tools and communication channels to promote a brand, product, or service.
The following are some of the recommendations for companies to overcome/take advantage of IMC theories and frameworks:
1. Understand your target market:
Companies must have a thorough understanding of their target market and their preferences. This information will aid in the development of effective promotional strategies.
2. Develop a consistent message:
A consistent message must be conveyed to all stakeholders, including customers, employees, and suppliers. This message should clearly convey the company's value proposition and competitive advantage.
3. Utilize multiple channels:
Companies should leverage a variety of communication channels to reach their target audience, such as social media, email, print advertising, and broadcast advertising.
4. Measure and analyze results:
Companies must continually assess their promotional efforts to determine their effectiveness. They should track metrics such as click-through rates, conversion rates, and customer engagement.
5. Hire a marketing professional:
Finally, companies should consider hiring a marketing professional or consultant to assist them in developing and implementing effective IMC strategies.
To achieve a successful IMC strategy, companies should understand their target market, develop a consistent message, use multiple channels, measure and analyze results, and hire marketing professionals. Companies should develop a thorough understanding of their target market's preferences and interests. Companies must define their target market's profile, including their demographics, psychographics, needs, and behavior. The target audience's characteristics should guide the company's communication strategy, message, and tone.
A consistent message should be conveyed to all stakeholders, including customers, employees, and suppliers. The message should clearly convey the company's value proposition and competitive advantage. All stakeholders should be aware of the company's values, mission, and objectives to foster a sense of trust and engagement.Companies should leverage multiple communication channels to reach their target audience. Communication channels can include social media, email, print advertising, and broadcast advertising. The communication channels should be selected based on the target audience's preferences and behavior.
Metrics such as click-through rates, conversion rates, and customer engagement should be tracked to evaluate the effectiveness of the promotional efforts. The metrics can aid in identifying areas of improvement, measuring the return on investment (ROI), and allocating marketing budgets.Hiring a marketing professional or consultant can aid in developing and implementing effective IMC strategies. Marketing professionals have the expertise and knowledge required to develop marketing plans that meet the company's goals and budget.
Hence, Integrated Marketing Communication (IMC) theory is essential for companies to achieve their marketing goals effectively. Companies must develop a thorough understanding of their target audience, develop a consistent message, use multiple communication channels, measure and analyze results, and hire marketing professionals. By following these recommendations, companies can create effective IMC strategies that increase brand awareness, customer engagement, and sales.
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Identify the incorrect answer concerning horizontal and vertical integration:
In horizontal integration like companies were combined together like Exxon purchasing Standard Oil.
An example of vertical integration would be if Standard Oil purchased a railroad
An example of horizonal intergration is Andrew Carnegie Steel purchased a coal mine
Horizontal and vertical integration were used by monopolies to control costs and destroy competition.
Vertical integration combined different but related industries under one monopoly to create economies of scale.
The incorrect answer concerning horizontal and vertical integration is: "Vertical integration combined different but related industries under one monopoly to create economies of scale."
This statement is incorrect because vertical integration involves combining different stages of production within a single industry, rather than different industries.
Horizontal integration refers to the merger or acquisition of companies operating in the same industry or at the same stage of production. In the given example, Exxon purchasing Standard Oil demonstrates horizontal integration as both companies operate in the oil industry.
Vertical integration, on the other hand, involves the merger or acquisition of companies operating at different stages of the production process within the same industry. The example of Standard Oil purchasing a railroad demonstrates vertical integration as it involves combining the oil production industry with the transportation industry.
Vertical integration allows companies to control various stages of production, from raw materials to distribution, which can help streamline operations, reduce costs, and increase efficiency. In contrast, horizontal integration aims to expand market share and eliminate competition within the same industry.
Therefore, the incorrect statement is the one stating that vertical integration combines different but related industries under one monopoly to create economies of scale. Vertical integration, in fact, combines different stages of production within the same industry to achieve synergies and control over the supply chain.
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South East Projects CEO Seeks Research Methodology for Strategic Intent South East Projects hired Mazurka Consultancy to provide research methodologies training to junior project managers. Mr. Peters Troy believed that a greater understanding of research methodologies would improve junior project managers' performance as well as their ability to become senior project managers. South East Projects is a business that was founded in the year 2008. It manages projects for a variety of organizations who use a project-based approach to their work. Dr Mazurka would be in charge of the training, which would also include Professor Holani and Dr Dzvuka. Professor Holani stressed the need of having a thorough understanding of literature reviews and the importance of doing a critical evaluation of the literature as well. He said that critically analysing the literature would be a good place to start while conducting research. The major purpose of critical review, according to Professor Holani, is to help one get a full grasp and insight into significant historical research and current trends. He goes on to say that the research approach one plans to use will establish the exact goal of the literature review. The lecture on the literature review follows a training session on the nature of business and management research, as well as the design and clarification of the research topic. After a few sessions near the end of the training, it became clear that the majority of the junior project managers were having considerable difficulties understanding specific aspects of what they were being taught. The following topics accounted for the majority of the problems identified: Formulation of research design Understanding research philosophies and approaches Conducting the literature review Formulating and clarifying the research topic; and Understanding the nature of business and management research. Interventions were made to ensure that the concerns identified were addressed, and the training was eventually successful. Mr. Peters Troy was pleased with the training's progress and was optimistic that he now has a team capable of attaining any desired outcomes.
Question 1
Select a company of choice and assess whether or not they conduct a literature review when undertaking their own business research. Based on your findings conduct a benefit analysis of critically reviewing literature
A literature review is an integral part of business research, providing numerous benefits. Firstly, it helps identify research gaps and unanswered questions, allowing researchers to contribute new insights.
Secondly, it establishes a solid theoretical framework by examining relevant theories and concepts, guiding research objectives and hypotheses. Additionally, it prevents duplication and reinvention, ensuring research adds value and relevance to existing knowledge. Moreover, it enhances research design by learning from previous strengths and limitations, improving quality and validity. By referencing credible sources, arguments are strengthened and conclusions supported, increasing research credibility.
Furthermore, literature reviews aid in identifying appropriate research methods, instruments, and analytical techniques, enhancing overall methodology. Overall, conducting a literature review facilitates informed decision-making, contextualizes research within existing knowledge, and fosters scholarly contributions in business research.
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2. 2. An adult fare (if you use a compass card) for a trip by SkyTrain from Surrey to downtown Vancouver will cost you $4.60 in the morning on a weekday. The same trip will cost you $2.45 in the evening or on a weekend. Think about this as 3rd degree price discrimination scheme – explain why a weekday morning ticket is more expensive than a weekend or an evening ticket
The reason why a weekday morning ticket is more expensive than a weekend or an evening ticket can be explained using the concept of third-degree price discrimination.
A third-degree price discrimination scheme is a pricing strategy used by businesses to charge different prices to different groups of customers for the same good or service. In this case, SkyTrain charges different fares for the same trip based on the time of day and day of the week.
To understand why a weekday morning ticket is more expensive than a weekend or evening ticket, it's important to consider the demand for SkyTrain services during different times of the day and week.
Typically, during the weekday morning rush hour, there is a high demand for SkyTrain services as people are commuting to work or school. As a result, the price of a ticket during this time is higher to reflect the increased demand and to help manage congestion on the trains.In contrast, during the weekend and evening, there is typically lower demand for SkyTrain services as fewer people are commuting to work or school.
Therefore, the price of a ticket during these times is lower to reflect the lower demand and to encourage more people to use the trains.The third-degree price discrimination scheme used by SkyTrain is effective in maximizing revenue by charging different prices to different groups of customers based on their willingness to pay. This approach helps to balance supply and demand and ensures that SkyTrain services remain accessible and affordable to a wide range of customers.
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Which product would most likely be sold to consumers using an emotional appeal? dental floss fashlights clothes dryers sports cars electric heaters
The product that would most likely be sold to consumers using an emotional appeal is sports cars.
Sports cars are often associated with excitement, thrill, and luxury, making them prime candidates for marketing strategies that leverage emotional appeals. The purchase of a sports car is typically driven by desires for status, style, and the experience of exhilarating driving. Advertisements for sports cars often emphasize the emotional aspects of owning and driving one, such as the feeling of freedom, power, and prestige that comes with it. These advertisements may use imagery, storytelling, and evocative language to create an emotional connection with consumers and tap into their desires and aspirations.
On the other hand, products like dental floss, flashlights, clothes dryers, and electric heaters are more likely to be marketed based on their functional benefits and practical utility rather than emotional appeal. These products are typically positioned based on their features, performance, efficiency, and convenience rather than eliciting strong emotional responses. While they serve important purposes in consumers' lives, the emotional appeal in marketing campaigns for these products is usually minimal compared to products that evoke strong emotional associations such as sports cars.
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Which of the following statement is CORRECT? O Total Fixed costs change inversely with the level of production. Costs are fixed or variable for a specific activity and/or for an indefinite time period O Variable costs change, in per unit, in proportion to changes in the related level of activity or volume of output produced Product costs are treated as expenses of the accounting period in which the product is sold. 000
The following statement is CORRECT: Variable costs change, in per unit, in proportion to changes in the related level of activity or volume of output produced.
Variable costs are costs that are directly related to the volume of production and are incurred in proportion to changes in volume of production. In other words, these costs vary as the volume of output produced changes. For example, direct labor and raw material costs vary with changes in production levels. Fixed costs are costs that remain constant over a certain range of output or activity.
These costs remain constant regardless of the level of activity. Examples of fixed costs include rent and property taxes. Product costs are treated as assets of the accounting period in which the product is produced and are then recognized as expenses of the accounting period in which the product is sold.
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11. The board of directors of Lorantan Corporation has 12 members. Lorantan's bylaws provide that a majority of seven or more directors is necessary to form a quorum. At a meeting of the board of directors, a resolution is adopted authorizing the sale of a substantial portion of the corporate assets to Pam Park, a director. Pam is one of the eight directors present. Which one of the following does NOT relieve directors from liability for selling the corporate to Pam? O A. The transaction has been approved by a majority of informed, disinterested directors. B. The transaction has been approved by a majority of the shares held by informed disinterested shareholders. C. The transaction is fair to the corporation. O D. Invoking business judgment rules by the board members during the meeting.
Option B: The transaction has been approved by a majority of the shares held by informed disinterested shareholders.
The fiduciary duty of directors requires them to act in the best interests of the corporation and its shareholders. When directors are involved in a transaction where they have a personal interest, such as selling corporate assets to themselves or entities they are affiliated with, they may face potential liability for breaching their fiduciary duty.
To mitigate this potential liability, various safeguards can be put in place. Option A states that the transaction has been approved by a majority of informed, disinterested directors. This means that a majority of the directors who are not personally involved in the transaction have approved it after being fully informed.
Option C states that the transaction is fair to the corporation. This means that the terms of the transaction are reasonable and advantageous for the corporation.
Option D refers to invoking the business judgment rule, which provides a level of protection for directors as long as they act in good faith, with reasonable care, and in the best interests of the corporation.
However, option B, which suggests approval by a majority of shares held by informed disinterested shareholders, does not necessarily provide relief from liability for the directors. While shareholder approval can be a factor in evaluating the fairness of a transaction, it alone does not absolve directors from potential liability in a situation involving self-dealing. Directors must still adhere to their fiduciary duties and meet the requirements outlined in options A, C, and D to potentially relieve themselves from liability.
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What is the name of the Human Resources Planning activity that requires Human Resource Professionals to project how many staff they may need in the future? O Human Resources Planning O Human Resources Demand Human Resources Supply O Hiring Analysis
The activity of Human Resources Planning that necessitates Human Resource Professionals to project how many staff they may need in the future is called Human Resources Demand.
Human Resource Planning (HRP) is the process of forecasting an organization's human resource needs and devising strategies to meet them. It requires the coordination of several personnel functions, including recruitment, selection, development, and performance assessment, as well as compliance with legal and social norms.
In essence, it entails forecasting future human resource demands and devising approaches to satisfy those demands. Human Resources Demand is the name of the Human Resources Planning activity that necessitates Human Resource Professionals to project how many staff they may require in the future.
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Save Answer Parts arrive at a two-machine system according to an exponential interarrival distribution with mean 20 minutes, the first arrival is at time 0. Upon arrival, the parts are sent to Machine 1 and processed. The processing-time distribution is TRIA(4.5, 9.3, 11) minutes. The parts are then processed at Machine 2 with a processing-time distribution as TRIA (16.4, 19.1, 20.8) minutes. The parts from Machine 2 are directed back to Machine 1 to be processed a second time (same processing-time distribution as the first visit but an independent draw from it) The completed parts then exit the system a What are the inputs, processes and outputs involved? b. What is the total time a part will take to exit the system? c. How many parts will be completed in an hour? d. To improve the process what smart plant properties can be applied? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt *** !!! >
Simulation is an important tool for systems analysis and design. Simulation is a powerful tool that can be used to observe the behavior of a system under different conditions.
The given question requires simulation of the two-machine system, and then, the observations of the average part cycle time and the average number in the machine queues over a single replication of 20,000 minutes are to be made. The details of the system are: Upon arrival, the parts are processed at Machine 1 for a time period as TRIA(4.5,9.3,11) minutes, and then, at Machine 2 for a time period as TRIA(16.4,19.1,20.8) minutes. The completed parts are then sent back to Machine 1 to be processed again and then exit the system. According to the given details, the simulation can be conducted by the following steps:
Step 1: The simulation of arrival time for 20,000 minutes, and then, recording the time periods that the parts are in the system.
Step 2: The simulation of processing time for both Machine 1 and Machine 2.
Step 3: Calculating the average part cycle time and the average number of parts in the machine queues. The above steps can be performed by a simulation software such as the Simul8 software.
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The compromise that occurs in group decision-making that lowers the quality of the group's decision but at the same time increases the group's acceptance of the decision is Multiple Choice the leveling effect process loss an assembly effect all of the above
he compromise that occurs in group decision-making, which lowers the quality of the group's decision but increases the group's acceptance, is referred to as the leveling effect.
The correct option is leveling effect.
The leveling effect is a phenomenon that occurs in group decision-making processes. It refers to the compromise or reduction in the quality of a decision as a result of group interaction. When individuals come together in a group, they often engage in discussions, exchange ideas, and negotiate their viewpoints to reach a consensus or agreement. During this process, individuals may compromise on their initial positions, leading to a leveling or dilution of the original ideas. This compromise aims to accommodate different perspectives and preferences within the group, promoting acceptance and harmony among the members.
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Simon consumes good 1 and good 2. Demand for good 2 Is x2=(m-p1)/p2. From good 2's demand function, we know good 1 and good 2 are O giffen goods. gross substitutes O gross complements ONeithor gross substitutes nor gross complements. I don't know
Based on the information provided, we can determine that good 1 and good 2 are Giffen goods.
A Giffen good is a special type of inferior good for which an increase in its price leads to an increase in the quantity demanded. In the case of Simon's consumption, the demand for good 2 is given by x2 = (m - p1) / p2, where x2 represents the quantity demanded of good 2, m is Simon's income, p1 is the price of good 1, and p2 is the price of good 2.
In the demand function, if an increase in the price of good 1 (p1) leads to an increase in the quantity demanded of good 2 (x2), we can conclude that good 1 and good 2 are Giffen goods. This is because the substitution effect (which suggests that as the price of one good increases, consumers tend to substitute it with a cheaper alternative) is outweighed by the income effect (which suggests that as the price of a good increases, consumers' real income decreases, leading them to consume more of the inferior good).
Therefore, the correct answer is that good 1 and good 2 are Giffen goods.
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A product whose EOQ is 40 experiences a decrease in holding cost from $16 per unit annually to $1. The revised EOQ is Osixteen times as large O four times as large O one-fourth as large O one-sixteen as large O can not be determined
The revised EOQ for a product whose original EOQ was 40 and holding cost decreased from $16 per unit annually to $1, will be sixteen times as large.
EOQ (Economic Order Quantity) is the optimal order size that a company should place to minimize the total cost of inventory. It is calculated using the formula: EOQ = sqrt((2DS)/H), where D represents annual demand, S represents ordering cost per order, and H represents holding cost per unit per annum.
Given that the holding cost per unit per annum has decreased from $16 to $1, we can assume that the value of H has decreased. As the value of H decreases, the value of the EOQ increases. This is because as holding cost decreases, it becomes more economical to order larger quantities.
Using the formula, we can calculate the revised EOQ as, EOQ = sqrt((2DS)/H), where H is the new holding cost of $1. Substituting the values, we get EOQ = sqrt((2*40*D)/1) = sqrt(80D).
Thus, the revised EOQ is proportional to the square root of annual demand. Since the annual demand is constant, the revised EOQ will be sixteen times as large as the original EOQ, i.e., 16 * EOQ = 16 * sqrt(80D). Therefore, the answer is "sixteen times as large."
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You own a stock that had returns of 13.82 percent, -16.94 percent, 23.16 percent, and 21.24 percent over the past four years. What was the arithmetic average return for this stock? 9.66% ,10.32%, 11.18% ,9.00%
Arithmetic Average Return is the simple average of a series of returns generated over a specific time period. For instance, if you owned a stock that had returns of 10 percent, 12 percent, 15 percent, and 9 percent over the past four years, the arithmetic average return for that stock would be 11.5 percent.
The arithmetic average return for the given stock can be calculated as follows:Given data:Returns of the stock over the past four years:[tex]13.82%[/tex], [tex]-16.94%[/tex], [tex]23.16%[/tex], and [tex]21.24%[/tex]. Now, we will add all the given returns and divide by the number of terms to obtain the arithmetic average return: Average return=[tex](13.82 - 16.94 + 23.16 + 21.24)/4=40.28/4=10.07%[/tex]
Hence, the arithmetic average return for the stock is 10.07 percent, which is approximately 10.32% (rounded to two decimal places).Therefore, the correct option is [tex]10.32%.[/tex]
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A: This is where we want to see you take initiative. You can track and report on the major indicators like GDP growth and CPI inflation, but once you start on this you will realise that some of those are available only quarterly, some with a long lag and you are not really able to tell how the economy is doing now. We are also looking for interesting indicators, high-frequency indicators. Q: For what period should I track them?
an analyst should track both the major indicators and interesting high-frequency indicators to get a better idea of how the economy is doing. High-frequency data should be monitored closely in real-time to identify trends and provide a current snapshot of the economy.
In order to track and report on the economy, an analyst should consider the major indicators, such as Gross Domestic Product (GDP) growth, inflation rate and employment data. Tracking these indicators provides insight into the health of an economy. While tracking the major indicators, an analyst should also identify interesting indicators. High-frequency indicators can provide valuable insights on the current state of the economy.High-frequency indicators are those which provide data more frequently than quarterly or annual reporting. These can include data like consumer spending, business activity, and retail sales. An analyst should also look at other high-frequency data, including daily reports on trends in the stock market, the number of new job openings, or surveys that gauge consumer confidence. While tracking high-frequency indicators, the data should be monitored closely and analyzed in real-time. This helps to identify trends and provides a more current snapshot of the economy. It's important to note that, while high-frequency indicators may provide valuable insights, they should be considered alongside other economic data, including the major indicators, for a complete picture of the economy's health
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Find the amount to which $300 will grow under each of these conditions:
a 14% compounded annually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent
$
b. 14% compounded semiannually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent
$
c. 14% compounded quarterly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent
$
d. 14% compounded monthly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent
$
e. 14% compounded daily for 8 years. Assume 365-days in a year. Do not round intermediate calculations. Round your answer to the nearest cent
$
To calculate the growth of $300 under different compounding frequencies, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A = Final amount
P = Principal amount (initial investment)
r = Annual interest rate (in decimal form)
n = Number of times interest is compounded per year
t = Number of years
Given:
P = $300
r = 14% = 0.14
t = 8 years
a) Compounded Annually:
n = 1
A = 300(1 + 0.14/1)^(1*8)
A ≈ $863.02
b) Compounded Semiannually:
n = 2
A = 300(1 + 0.14/2)^(2*8)
A ≈ $882.64
c) Compounded Quarterly:
n = 4
A = 300(1 + 0.14/4)^(4*8)
A ≈ $893.24
d) Compounded Monthly:
n = 12
A = 300(1 + 0.14/12)^(12*8)
A ≈ $897.35
e) Compounded Daily:
n = 365
A = 300(1 + 0.14/365)^(365*8)
A ≈ $898.78
Therefore:
a) $863.02
b) $882.64
c) $893.24
d) $897.35
e) $898.78
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Suppose equilibrium income in an economy decreases by $600 as a result of a change in government spending. If the multiplier is 3, what is the change in government spending? Government spending will decrease by $1,800. Government spending will decrease by $600. Government spending will decrease by $200. Government spending will increase by $400. Government spending will increase by $1,200.
the equation as:
3 = 1 / (1 - mpc)
to solve for mpc, we can rearrange the equation:
1 - mpc = 1 / 3
subtracting 1/3 from both sides, we get:
mpc = 2/3
the marginal propensity to consume (mpc) is 2/3, which means that for every additional dollar of income, 2/3 will be spent.
to determine the change in government spending, we can use the formula for the expenditure multiplier, which is given by:
multiplier = 1 / (1 - mpc)
where mpc is the marginal propensity to consume.
in this case, we are given that the multiplier is 3. now, we know that the equilibrium income has decreased by $600. since the multiplier is 3, we can calculate the change in government spending as follows:
change in government spending = (change in income) * mpc
change in government spending = (-$600) * (2/3)
change in government spending = -$400
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What Motion Would Be Used To Try To Eliminate An Expert Witness? A. Motion Of Limine. B. Motion Of Challenge. C. A Frye Motion. D. A Daubert Motion. E. All Of The Above.
What motion would be used to try to eliminate an expert witness?
A. Motion of limine.
B. Motion of challenge.
C. A Frye motion.
D. A Daubert motion.
E. All of the above.
The correct option that would be used to try to eliminate an expert witness is "D. A Daubert Motion." Daubert Motion is the motion that is filed by a party seeking to exclude or limit the testimony of an expert witness.
It is based on the Supreme Court decision in Daubert v. Merrell Dow Pharmaceuticals, which created a new standard for admitting expert testimony in federal courts. The Daubert standard requires that expert testimony must be based on sound scientific methods and principles and that the expert must be qualified to provide such testimony. This standard replaced the Frye standard, which focused on whether the scientific technique used by the expert had gained general acceptance in the relevant scientific community. A motion of limine is a motion filed by one of the parties in a lawsuit, asking the court to make a preliminary ruling on the admissibility of certain evidence at trial. The purpose of a motion of limine is to prevent the introduction of evidence that is irrelevant, prejudicial, or otherwise inadmissible under the rules of evidence.
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entrepreneurs requiring initial startup funding, generally seek capital from internal sources.
Entrepreneurs requiring initial startup funding, generally seek capital from both internal and external sources. While internal sources are generally preferred, there are cases when external sources of capital are necessary for the business to succeed. Entrepreneurs requiring initial startup funding, particularly during the early stages financing, generally seek capital from both internal and external sources
Explanation:Internal sources of capital refer to the entrepreneur's own personal savings, investments, or other assets. These sources are preferred because they do not come with strings attached, such as interest payments or equity shares in the company. Additionally, internal sources of capital are often easier to obtain than external sources, as there is no need to convince third-party investors or lenders of the business's potential for success.However, there are cases when external sources of capital are necessary for the business to succeed. For example, if the entrepreneur does not have sufficient personal savings or assets to fund the business, they may need to seek external funding from investors or lenders.
Additionally, external sources of funding may be necessary if the entrepreneur requires more capital than they can obtain from internal sources alone.In conclusion, while internal sources of capital are generally preferred by entrepreneurs, there are cases when external sources of funding are necessary for the business to succeed. A long answer in 100 words would provide additional detail on the specific internal and external sources of funding available to entrepreneurs, as well as the pros and cons of each option.
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1. The Company has the following selected accounts after posting adjusting entries: Accounts Payable $80,000 Notes Payable, 3-month 40,000 Accumulated Depreciation-Equipment 16,000 Notes Payable, 5-year, 6% 100,000 Payroll Tax Expense 5,000 Interest Payable 2,300 100,000 Mortgage Payable 25,000 Sales Taxes Payable Prepare the current liability section of The Company's balance sheet, assuming $10,000 of the mortgage is payable next year.
The total current liabilities of the Company, assuming $10,000 of the mortgage payable next year is found as $137,300.
A current liability is a financial obligation that is due within a year. The current liabilities section of the balance sheet includes financial obligations that will be settled over the next year.
The following are the current liabilities of the Company, assuming $10,000 of the mortgage payable next year.
1. Accounts Payable $80,000
2. Payroll Tax Expense $5,000
3. Interest Payable $2,300
4. Notes Payable, 3-month $40,000
5. Sales Taxes Payable
6. Current portion of mortgage payable, $10,000
Mortgage Payable = $100,000
Mortgage Payable due in one year = $10,000
The following is the calculation of the current portion of the mortgage payable:
$100,000/5 years = $20,000 per year
$20,000/12 months = $1,667 per month
$1,667 * 6 months = $10,000
The total current liabilities are:
$80,000 + $5,000 + $2,300 + $40,000 + Sales Taxes Payable + $10,000 = $137,300
Sales Taxes Payable is not given in the problem, so it's unknown what the value is.
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e. Self-Test: Below are three statements. Identify whether each is a positive (theoretical) or normative (policy) statement. i. The unemployment rate is too high and should be reduced through government actions. ii. The government should take action to break up the monopoly power of Microsoft. iii. The Federal government achieved a budget surplus for the first time in thirty years.
In the self-test provided, the following are the identifications of each of the statements given:
Statement i - normative (policy) statement.
Statement ii - normative (policy) statement.
Statement iii - positive (theoretical) statement.
The first statement is a normative statement because it reflects an opinion and recommendation about how things ought to be. The statement proposes that the unemployment rate is too high and should be reduced through government actions. This is a policy statement because it reflects a political or value judgement.
The second statement is also a normative statement. It reflects an opinion that Microsoft should be broken up due to monopoly power. This is a policy statement because it involves a call for some kind of action to be taken.
The third statement is a positive statement. It describes a fact, which is the federal government achieving a budget surplus for the first time in thirty years. Positive statements deal with verifiable facts.
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Marketing team asks a focus group to write down the first company that comes to mind when they say the words "household cleaning products." What is the marketing team trying to measure with this method of research?
A. Level of Brand Equity
B. Level of willingness to pay
C. level of brand awareness
D. level of brand image
E. level of Brand position
The marketing team is trying to measure the level of brand awareness with this method of research. Brand awareness refers to the extent to which customers are familiar with a brand or recognize it. Brand awareness is a crucial component of marketing because consumers will not purchase from a brand if they are unaware of it.
To measure brand awareness, the marketing team may ask a focus group to write down the first company that comes to mind when they say the words "household cleaning products." This is because if a customer thinks of a specific brand when they hear the words "household cleaning products," it means that the customer is familiar with the brand and has some awareness of it.
The marketing team can use this information to determine the brand's current level of awareness and make informed decisions about how to increase it in the future.
In conclusion, the marketing team is trying to measure the level of brand awareness with this method of research.
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If the central bank increases the money supply, in equilibrium the opportunity cost of holding money and the money demand: both decrease. both remain the same. decrease and increase, respectively. both increase. increase and decrease, respectively.
When the central bank increases the money supply, in equilibrium the opportunity cost of holding money and the money demand both decrease. The correct option is: A) both decrease.
The opportunity cost of holding money decreases as the increase in the supply of money has reduced the value of money, so it will now be less valuable than it was before. Thus, there will be less of an opportunity cost associated with holding money.
The money demand also decreases as a result of the increase in money supply. The reason behind this is that, with the availability of more money in the economy, people would want to keep less money with them than before, as money is no longer scarce. This decrease in money demand leads to an increase in spending.
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how should a sales rep create an all day event in salesforce
This is how sales reps create an all-day event in Salesforce:
Go to the Event creation screen by navigating. Let's say the default start and end times are 10:00 and 11:00, respectively.Make the time values different by changing them to 5:00 and 6:00, respectively.The All Day Event checkbox. The two date fields are greyed out, as you can see. All Day Event is not selected. The values entered in Step 2 are still reflected in the two date fields, which are editable once again. A second time, check the All Day Event option, then save the Event record.All stages of the sales process involve a sales representative having direct consumer interactions. They are in charge of determining a customer's needs, making suitable product or service recommendations, and making sure they have a great experience from beginning to end.
B2B sales representatives are in charge of establishing and maintaining relationships with corporate decision-makers in order to promote various goods and services. They accomplish this by using tools like emails, video conferences, and sales calls.
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Question 64
Flexible exchange rate system should be adopted because it
A) does not need to use a lot of resources to predict future exchange rates
B) provides greater certainty for importers and exporters, therefore encourages more international trade and investment
C) allows monetary policy independence to achieve domestic price stability
C) does not bring in higher exchange rate volatility A Moving to another question will save this response
The option is A, flexible exchange rate system allows the exchange rate to adjust according to market forces.so there is no need to use a lot of resources to predict future exchange rates.
This independence enables the central bank to focus on the domestic economy's price stability and adjust interest rates accordingly. Central banks use monetary policy tools to influence the economy, such as increasing interest rates to combat inflation and reducing interest rates to stimulate the economy's growth and employment.
In a fixed exchange rate system, the central bank cannot pursue independent monetary policies as it must maintain the exchange rate with the foreign currency. A fixed exchange rate system requires central banks to use a lot of resources to maintain the exchange rate, and any disruption in the balance of payments can lead to higher exchange rate volatility.
a flexible exchange rate system is more suitable for countries that want to achieve domestic price stability while promoting international trade and investment.
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suppose the federal government observes an increase in gross investment. examine this event in terms of the aggregate demand and aggregate supply model.
When the federal government observes an increase in gross investment, it has implications for both the aggregate demand (AD) and aggregate supply (AS) in the economy.
From the perspective of aggregate demand, an increase in gross investment contributes to an increase in overall spending in the economy. Investment is one of the components of aggregate demand, along with consumption, government spending, and net exports. An increase in investment leads to an increase in the AD curve, as it reflects an increase in demand for goods and services.
On the other hand, from the perspective of aggregate supply, an increase in gross investment can have positive effects on the productive capacity of the economy. Investment is often directed towards the acquisition of physical capital, such as machinery, equipment, and infrastructure. This increase in physical capital can enhance productivity, efficiency, and technological advancements, which can lead to an increase in aggregate supply.
Overall, an increase in gross investment has the potential to stimulate economic growth, increase demand for goods and services, and enhance the productive capacity of the economy. It can contribute to a positive cycle of increased investment, higher output, and potentially higher employment levels, leading to an expansionary effect on the aggregate demand and aggregate supply model.
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This year, Bob's employer provided him with an employer-owned automobile costing $55,000 (including HST) for 12 months. His kilometres for personal use were 14,000 out of a total of 19,000 kilometres. Operating costs paid by his employer during this year were $3,700 (including HST). Which one of the following statements is TRUE for this year? (a) Bob's standby charge is $13,200. (b) Bob's minimum operating cost benefit is $2,726. (c) Bob's minimum operating cost benefit is $6,600. (d) Bob can elect to use 1/2 of his standby charge as his operating cost benefit. Show all your work and explain reasons for true or false for each option.
In the given statement, Correct answer is (a) Bob's standby charge is $13,200.
Bob's employer provided him with an employer-owned automobile costing $55,000 (including HST) for 12 months. His kilometres for personal use were 14,000 out of a total of 19,000 kilometres. Operating costs paid by his employer during this year were $3,700 (including HST). Bob's standby charge is $13,200. Bob's minimum operating cost benefit is $2,726. Bob's minimum operating cost benefit is $6,600. Bob can elect to use 1/2 of his standby charge as his operating cost benefit. Statement (a) Bob's standby charge is $13,200 is TRUE for this year. Therefore, option (a) is correct. Reasons: The standby charge for an automobile provided by the employer for personal use by an employee is to be included in the employee's income, but only if the amount of the standby charge is greater than the operating expense benefit.
The standby charge is calculated as follows:
Yearly standby charge = 2% × Original Cost × Personal-Use Fraction2% × $55,000 × 14,000/19,000 = $13,200
The minimum operating cost benefit is the lesser of the actual operating cost paid or the amount calculated using the prescribed rates for the year:
Total Operating Cost Benefit = A × B + C
Where A = Number of Personal Kilometres / Total Kilometres (in decimal form)B = Prescribed Rate for the particular Vehicle for the year C = GST/HST payable on A × B.Bob's
minimum operating cost benefit is calculated as follows:
A = 14,000 / 19,000 = 0.7368 (rounded)B = $0.28 per km (as per the prescribed rate for 2019)C = 13% × 0.7368 × 0.28 = $0.2726
Total Operating Cost Benefit = 0.7368 × $0.28 + $0.2726 = $0.5029 × 19,000 = $9,560.3
Therefore, option (b) Bob's minimum operating cost benefit is $2,726 and option (c) Bob's minimum operating cost benefit is $6,600 are both FALSE options. Hence, we are left with option (d) which is also FALSE. Bob cannot elect to use 1/2 of his standby charge as his operating cost benefit. This is because the standby charge can be reduced only by the actual operating cost paid by the employer for the automobile and not by the operating cost benefit calculated as above. Therefore, Bob's standby charge is $13,200, which is the correct option.
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