To calculate the cycle-service level when the target inventory is set at 250 boxes, we need to determine the safety stock required. deviation First, we
calculate the standard deviation of demand during the review period, which is the square root of the average demand (215 boxes) squared plus the standard deviation of demand (50 boxes) squared. This gives us a standard deviation of approximately 52.92 boxes. Next, we calculate the safety stock using the formula: Safety Stock = Z * Standard Deviation of Demand during the Review Period. The value of Z is obtained from the calculated as: Safety Stock = 1.645 * 52.92 = approximately 87.03 boxes. Finally, the cycle-service level is determined by dividing the safety stock by the target inventory and multiplying by 100: Cycle-Service Level = (Safety Stock / Target Inventory) * 100 = (87.03 / 250) * 100 = service approximately 34.81%. b. Similarly, for the fall season with a decreased average demand of 170 boxes and a higher standard deviation of 60 boxes, cycle - service we follow the same steps as in part a. The standard deviation of demand during the review period is approximately 63.25 boxes. Assuming the same desired service level of 95%, the corresponding Z value is still approximately 1.645.
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Respond to the following prompt in a minimum of 175 word and at least two paragraphs:
1. As the new PM, what are the first 3 actions you will take to ensure the project’s success? Be specific. Don't discuss outcomes, such as create a high-performing team. Instead talk about what actions you will specifically take that you think will lead to a high-performing team.
2. Discuss what type of power and negotiation type those actions suggest and if you have any suggestions to improve chances of success.
As a new project manager, the first three actions I will take to ensure the success of the project are that I will have to study the project before I even started and take the time to understand the project's goals and objectives, map out the project scope, and devise a plan. Secondly, I will establish a clear communication channel. This will be in the form of regular project status updates with all team members and stakeholders. Finally, I will ensure that the project is well organized, with clear tasks, milestones, deadlines, and accountable team members.
1. One of the first three things that I will do as a new project manager is to study the project before starting. This means that I will take the time to understand the project's goals and objectives, map out the project scope, and devise a plan. Studying the project will help me create a roadmap that will guide the project and help me stay on track. It will also allow me to identify areas that may need extra attention or resources.
2. Secondly, I will establish a clear communication channel. This will be in the form of regular project status updates with all team members and stakeholders. I will ensure that all team members understand their roles and responsibilities, the scope of the project, and what is expected of them.
3. Finally, I will ensure that the project is well organized, with clear tasks, milestones, deadlines, and accountable team members. By setting up these parameters, it will be easier to track progress, identify bottlenecks, and implement corrective measures if necessary. To implement these actions, I will use transformational leadership and integrative negotiation type. Transformational leaders are those who inspire and motivate their team members to do their best work. By communicating the project's vision and goals, I can motivate my team members to do their best work. Integrative negotiation involves collaborating with others to achieve a win-win solution. I will use this type of negotiation to work collaboratively with team members to develop solutions to any challenges that arise.
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On May 28, 2024, Sunland Services purchased equipment for $98,400, giving the supplier a 1-year note at 5% (due at maturity) for $79,500, and paid the balance with cash. Sunland also paid Wu Engineering $4,800 cash for installing the equipment on May 30 . The equipment's useful life was estimated to be five years, with an $17,400 residual value. The straight-line method of depreciation is used for equipment and Sunland has a calendar year end. On October 4, 2026, the equipment was destroyed in an accident. Sunland received $61,500 cash as insurance proceeds for the equipment. (a) Your answer has been saved. See score details after the due date. Record the transactions of May 28 and 30, 2024. (Credit account titles are outomatically indented when the amount is entered: Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. List all debit entries before Date Account Titles Debit Credit 2024 May 28 ∨ Equipment \begin{tabular}{|l|l|} \hline 4+28400 \\ \hline \end{tabular} Notes Payable : Cash Cash Record the depreciation expense for Sunland for the fiscal years ended December 31,2024 and 2025. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)
To record the transactions on May 28 and 30, 2024:
May 28: Equipment 98,400
Notes Payable 79,500
Cash 18,900
May 30: Equipment Installation Expense 4,800
Cash 4,800
To record the depreciation expense for Sunland for the fiscal years ended December 31, 2024, and 2025:
December 31, 2024:
Depreciation Expense (Equipment) 19,080
Accumulated Depreciation (Equipment) 19,080
December 31, 2025:
Depreciation Expense (Equipment) 19,080
Accumulated Depreciation (Equipment) 19,080
The depreciation expense is calculated as follows:
Cost of Equipment - Residual Value / Useful Life
Depreciation Expense per year:
($98,400 - $17,400) / 5 = $16,800
Note: Since the fiscal year end is not specified, it is assumed to be December 31 for both years.
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Sandra earns $21,000 in employment income in 2020 and her spouse Susan earns $18,000. They have two children: Mike, who is 5 years old, and Eric, who is 9 years old. They spent $2,500 on after school care from 3:30-5:30 each day, since they work until 5:30, and they also sent Eric to a 2-week biking training camp for $1,000 where he stayed overnight in cabins. Calculate the maximum child care expense deduction the family can take. Show all your work including components that do not become part of the final response.
To calculate the maximum child care expense deduction for Sandra and Susan's family, we need to consider the relevant factors and limitations.
Determine eligible child care expenses:
After school care expenses: $2,500
Biking training camp expenses (for Eric): $1,000
Calculate the eligible expenses:
After school care expenses: Since the children are under 16 years old and the after school care is necessary for Sandra and Susan to work, the expenses are eligible.
Biking training camp expenses: Overnight camp expenses are eligible if the camp is primarily for the care of the child.
Determine the eligible child care expenses limit:
The maximum limit per child is $3,000.
Since Sandra and Susan have two children, the maximum limit for both children is $6,000.
Calculate the maximum child care expense deduction:
Compare the total eligible child care expenses ($2,500 + $1,000 = $3,500) to the maximum limit ($6,000).
The maximum child care expense deduction is the lower of the two, which is $3,500 in this case.
Therefore, the maximum child care expense deduction the family can take is $3,500.
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In Zimbabwe the rate of inflation is 90 se trillion percent in 2009 with price increasing tenfold everyday at what rate how much would a $20 school uniform cost 4 days later
In Zimbabwe's hyperinflationary period in 2009, with a daily price increase of tenfold, a $20 school uniform would cost approximately $20,480 after four days.
During Zimbabwe's hyperinflation in 2009, the inflation rate reached an astronomical 90 sextillion percent. This means that prices were increasing at an extremely rapid pace, with a tenfold increase every day. To calculate the cost of a $20 school uniform after four days, we need to consider the daily price increases.
On the first day, the price of the school uniform would increase by tenfold, making it worth $200. On the second day, the price would increase again by tenfold, resulting in a value of $2,000. The third day would see another tenfold increase, bringing the price to $20,000. Finally, on the fourth day, the price would increase for the last time by tenfold, totaling $200,000. Therefore, after four days, the initial $20 school uniform would cost approximately $20,480.
It is crucial to note that hyperinflation scenarios like the one experienced in Zimbabwe are highly disruptive and damaging to the economy and the livelihoods of the people. They lead to a loss in the value of money and create significant challenges in purchasing essential goods and services.
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Innovative performance management Continuous performance Management
• Introducing continuous performance management instead of performance appraisal - Adobe
• Introducing Employees check in - Deloitte
• Introducing coaching conversations instead of appraisals - Cargill
Please discuss the following
1- Explain each of those innovative performance management techniques
2- difference between continuous performance management and performance evaluation
3- How those new innovative techniques impacted performance or you think can impact performance at those companies in respect to the business area
Innovative performance management techniques such as continuous performance management, employees check-ins, and coaching conversations promote ongoing feedback, development, and goal alignment, leading to enhanced employee engagement, improved performance, and increased agility in responding to business needs.
1. Innovative Performance Management Techniques:
a) Continuous Performance Management (Adobe): Adobe introduced continuous performance management as an alternative to traditional annual performance appraisals. This approach focuses on regular feedback, goal setting, and ongoing performance discussions throughout the year. It involves frequent check-ins between managers and employees to discuss progress, provide feedback, and align goals.
b) Employees Check-In (Deloitte): Deloitte implemented the Employees Check-In approach, which emphasizes regular, informal conversations between managers and employees. These check-ins replace the traditional annual performance review process and aim to foster ongoing dialogue, development, and collaboration.
c) Coaching Conversations (Cargill): Cargill shifted from performance appraisals to coaching conversations. This technique emphasizes continuous coaching and feedback to support employee growth and development. Managers engage in regular discussions to provide guidance, address challenges, and identify opportunities for improvement.
2. Difference between Continuous Performance Management and Performance Evaluation:
Continuous Performance Management focuses on ongoing feedback, coaching, and goal setting throughout the year. It involves regular check-ins and discussions to track progress, address challenges, and provide support. This approach emphasizes real-time performance management and encourages agility and adaptability.
On the other hand, Performance Evaluation typically refers to the formal, periodic assessment of an employee's performance against predetermined criteria or goals. It often involves a comprehensive review of an employee's performance over a specific period, such as an annual performance appraisal.
The key difference lies in the frequency and nature of the feedback and discussions. Continuous Performance Management involves regular, timely, and ongoing conversations, while Performance Evaluation is often a more structured and periodic process.
3. Impact of Innovative Techniques on Performance:
Implementing these innovative performance management techniques can have several positive impacts on performance at these companies:
a) Enhanced Feedback and Development: Continuous feedback and coaching conversations provide timely guidance and support, helping employees to address performance gaps and enhance their skills. This can lead to improved performance and growth opportunities.
b) Increased Employee Engagement: Regular check-ins and ongoing dialogue foster a culture of open communication and engagement. Employees feel valued, heard, and supported, which can enhance motivation and job satisfaction, ultimately leading to better performance.
c) Goal Alignment and Clarity: The focus on goal setting and ongoing discussions ensures that employees have a clear understanding of their objectives and how their work contributes to organizational goals. This alignment can drive performance and create a sense of purpose.
d) Agility and Adaptability: Continuous performance management allows for agile responses to changing business needs. With regular check-ins and feedback, employees can adjust their goals and priorities in real-time, promoting flexibility and adaptability in a dynamic business environment.
Overall, these innovative techniques shift the focus from a once-a-year evaluation to an ongoing process that promotes employee development, engagement, and performance improvement. However, the impact can vary depending on the specific business area and how effectively the techniques are implemented and integrated into the company's culture and processes.
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Should the electoral college be used today? Why or why not? (Create a 1-2 paragraph response that engages political theory. If you advocate for changing the system, make sure to explain how that change would take place.
The Electoral College in the United States is a subject of debate, with supporters citing federalism and equal representation, while opponents argue for its abolition in favor of a popular vote system. Changing the system would require a challenging constitutional amendment process.
The Electoral College was established by the Founding Fathers as a compromise between electing the president through a popular vote and giving more power to smaller states.
Proponents of its retention argue that it ensures representation for less populated states, preventing larger, more populous states from dominating the election process. Additionally, they believe it upholds the principle of federalism by balancing state and national interests.
However, critics of the Electoral College argue that it can result in the winner of the popular vote losing the election, as seen in some past instances. They argue that this undermines the principle of "one person, one vote" and can lead to an undemocratic outcome. Advocates for changing the system propose replacing it with a popular vote system, where the candidate who receives the most votes nationwide becomes the president.
To change the Electoral College system, a constitutional amendment would be required. This involves a complex process that includes approval by two-thirds of both houses of Congress and ratification by three-fourths of the states. Achieving such consensus can be challenging, as it requires support from diverse political interests and a willingness to amend a fundamental aspect of the U.S. Constitution.
Ultimately, the debate surrounding the Electoral College centers on striking a balance between protecting smaller states' interests and ensuring the direct democratic will of the people. Whether the system should be used today or changed is a matter of ongoing discussion, involving political theory, practical considerations, and the democratic values held by the American people.
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1. Two animals, A and B, are fighting over some prey. Each can behave like a dove or like a hawk. The best come for each animal is that in which it acts like a hawk while the other acts like a dove; the worst outcome is that in which both animals act like hawk. Each animal prefers to be hawkish if its opponent is dovish and dovish if its opponent is hawkish.
Note that for each of A and B, his/her available action is to take 'Dove' or 'Hawk'. Therefore, for A, his strategy set is specified by SA = {dove, hawk}. Likewise, for B, her strategy set is specified by SB = {dove, hawk}. Then, a strategic-form game (N; SA, SB; (TA, TB)) with N = {A, B} is specified by: for the payoff function TA: SAX SBR of the player A, we have:
TA (dove, dove) = 3.
TA (hawk, dove) = 4,
TA (dove, hawk) = 1,
TA (hawk, hawk) = 0;
while for the payoff function B: SAX SBR of the player B, we have:
TB (dove, dove) = 3.
TB (hawk, dove) 1.
=
TB (dove, hawk) = 4,
TB (hawk, hawk) = 0.
Given this game, answer the following questions:
(1) Compute what pure-strategy Nash equilibria of this game are.
(2) Define the mixed extension of this strategic-form game.
(3) Compute a mixed-strategy Nash equilibrium in this game.
1
(1) The pure-strategy Nash equilibria of this game are when both animals choose "hawk" as their strategy. In this case, (hawk, hawk) is a pure-strategy Nash equilibrium.
(2) The mixed extension of this strategic-form game introduces PROBABILITIES for each player's strategies. Each player chooses a mixed strategy that assigns probabilities to their pure strategies. For example, Player A may choose a mixed strategy (p, 1-p), where p is the probability of choosing "dove" and (1-p) is the probability of choosing "hawk."
(3) To compute a mixed-strategy Nash equilibrium, we need to find probabilities for each player's strategies that maximize their expected payoff given the other player's strategy. In this game, the mixed-strategy Nash equilibrium involves both players randomizing their choices.
(1) In this game, the only pure-strategy Nash equilibrium is when both animals choose "hawk." This is because neither player has an incentive to deviate from this strategy given the other player's choice.
(2) The mixed extension allows players to choose mixed strategies, where they assign probabilities to their pure strategies. It considers all possible combinations of these mixed strategies for both players.
(3) To compute a mixed-strategy Nash equilibrium, we need to find probabilities for each player's strategies that maximize their expected payoff, given the other player's strategy. In this game, the mixed-strategy Nash equilibrium involves both animals randomizing their choices. The exact probabilities for each strategy can be calculated using mathematical techniques like the best response analysis or the support enumeration method.
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ps4 3
What is the value today of a money machine that will pay
$3,658.00 per year for 20.00 years? Assume the first payment is
made 9.00 years from today and the interest rate is 8.00%.
The present value of the money machine is $41,782.39. This is calculated by discounting the future cash flows using the given interest rate and formula for the present value of an ordinary annuity.
To calculate the present value of the money machine, we need to discount the future cash flows to their present value using the given interest rate.
Annual cash flow: $3,658.00
Number of years: 20.00
First payment made in: 9.00 years
Interest rate: 8.00%
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Taxpayers choosing the Section 179 election to expense: a. Will have the maximum that can be expensed under the election reduced by $0.50 for each dollar by which the cost of the asset acquired exceeds a specified limit. b. May not carry over any amounts elected which are not allowed because of taxable income limitations. c. May depreciate the amount of the asset cost that exceeds the amount allowed under the election to expense. Od. May expense a $125,000 automobile so long as it is used 100 percent for business.
Section 179 of the Internal Revenue Code allows businesses to expense the cost of certain property purchased and placed into service during the tax year rather than depreciating it over time. This can provide a significant tax benefit for small businesses, as it reduces taxable income and results in lower tax liability.
However, there are limitations on the amount that can be expensed under Section 179. The maximum amount that can be expensed is currently $1,050,000, and this limit is reduced dollar-for-dollar for any cost of qualifying property that exceeds $2,620,000.
If a taxpayer elects to expense property under Section 179 but the cost of the property exceeds the allowable limit, they may still depreciate the excess cost over its useful life using regular depreciation methods.
It's important to note that the benefits of Section 179 may be limited by other factors, such as taxable income limitations. Taxpayers cannot expense more than their taxable income for the year, and any unused amounts elected under Section 179 may be carried forward to future years.
Overall, Section 179 can be a valuable tool for small businesses looking to reduce their tax liability, but it's important to consult with a tax professional to ensure compliance with all applicable rules and regulations.
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Section 179 of the Internal Revenue Code allows businesses to expense the cost of certain property purchased and placed into service during the tax year rather than depreciating it over time.
This can provide a significant tax benefit for small businesses, as it reduces taxable income and results in lower tax liability.
However, there are limitations on the amount that can be expensed under Section 179. The maximum amount that can be expensed is currently $1,050,000, and this limit is reduced dollar-for-dollar for any cost of qualifying property that exceeds $2,620,000.
If a taxpayer elects to expense property under Section 179 but the cost of the property exceeds the allowable limit, they may still depreciate the excess cost over its useful life using regular depreciation methods.
It's important to note that the benefits of Section 179 may be limited by other factors, such as taxable income limitations. Taxpayers cannot expense more than their taxable income for the year, and any unused amounts elected under Section 179 may be carried forward to future years.
Overall, Section 179 can be a valuable tool for small businesses looking to reduce their tax liability, but it's important to consult with a tax professional to ensure compliance with all applicable rules and regulations.
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4. Problems and Applications Q4
Suppose GDP is $9 trillion, taxes are $1.9 trillion, private saving is $0.6 trillion, and public saving is $0.3 trillion.
Assuming the economy is closed, complete the following table by calculating consumption, government purchases, national saving, and investment.
Amount
Component (Trillions of dollars)
Consumption
Government Purchases
National Saving
Investment
The closed economy has a consumption expenditure of $6.2 trillion, government purchases amounting to $1.0 trillion, national saving totaling $0.9 trillion, and investment equaling $1.8 trillion.Consumption (C): $6.2 trillion, Government purchases (G): $1.0 trillion, National saving (S): $0.9 trillion, Investment (I): $1.8 trillion
To complete the table, we can use the national income accounting identity, which states that GDP (Y) is equal to consumption (C) plus investment (I) plus government purchases (G) plus net exports (NX). In a closed economy, net exports are zero, so the equation becomes:
Y = C + I + G
Given the provided values:
GDP (Y) = $9 trillion
Taxes = $1.9 trillion
Private saving = $0.6 trillion
Public saving = $0.3 trillion
To find consumption (C), we can use the formula:
C = Y - (T + S)
where T represents taxes and S represents national saving.
First, let's calculate national saving (S) using the formula:
S = Private saving + Public saving
S = $0.6 trillion + $0.3 trillion
S = $0.9 trillion
Now, we can calculate consumption (C):
C = $9 trillion - ($1.9 trillion + $0.9 trillion)
C = $9 trillion - $2.8 trillion
C = $6.2 trillion
Next, we can calculate government purchases (G) by subtracting national saving (S) from taxes (T):
G = T - S
G = $1.9 trillion - $0.9 trillion
G = $1.0 trillion
Finally, to find investment (I), we can rearrange the national income accounting identity:
I = Y - C - G
I = $9 trillion - $6.2 trillion - $1.0 trillion
I = $1.8 trillion
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After recording the following transactions, what is the December 31st balance in the Cash account in the general ledger? 1. On December 1, 2018, Walter Y. Knott started a consulting service called "Forget Me Knott" by investing $10,000 into the business and opening a business checking account at the bank. The company's year-end is December 31st. . 2. On December 1st , the company purchased a 3-year insurance policy for $3,600 (record the debit to prepaid insurance) with a check. 3. On December 1st , the company purchased office equipment for $6,000 with a check. 4. On December 5th , the first consulting project was completed and the check received for the work of $8,000 was deposited into the company's checking account. 5. On December 30th , the company received and deposited a check for $5,000 for consulting services to be performed in January of next year. 6. On December 31st the company wrote a $4,000 check to Walter as an owner's withdrawal.
The December 31st balance in the Cash account in the general ledger is $17,600.
1. On December 1, 2018:
- Walter Y. Knott invested $10,000 into the business and opened a business checking account. This increases the Cash account by $10,000.
2. On December 1st:
- The company purchased a 3-year insurance policy for $3,600 with a check. This decreases the Cash account by $3,600.
3. On December 1st:
- The company purchased office equipment for $6,000 with a check. This decreases the Cash account by $6,000.
4. On December 5th:
- The company completed a consulting project and received a check for $8,000. This increases the Cash account by $8,000.
5. On December 30th:
- The company received and deposited a check for $5,000 for consulting services to be performed in January of the next year. This increases the Cash account by $5,000.
6. On December 31st:
- The company wrote a check to Walter as an owner's withdrawal for $4,000. This decreases the Cash account by $4,000.
To calculate the December 31st balance in the Cash account, we add up the increases and subtract the decreases:
$10,000 (initial investment) + $8,000 (consulting project) + $5,000 (prepayment for future services) - $3,600 (insurance) - $6,000 (office equipment) - $4,000 (owner's withdrawal) = $17,600
The December 31st balance in the Cash account in the general ledger is $17,600.
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On October 1, 2024, Andy, Brian, and Caden formed the A, B and C partnership. Andy contributed $27,300, Brian, $45,500; and Caden, $57,200. Andy will manage the store, Brian will work in the store three-quarters of the lime and Caden will not work in the business Read the requirement a. Net loss for the year ended September 30, 2025, is $45.000, and the partnership agreement allocates 60% of profits to Andy. 30% to Brian, and 10% to Caden The agreement does not discuss the sharing of losses (Ube parentheses or a minus sign for loss amounts Complete all answer boxes For amounts that are 50, make sure to enter" in the appropriate call) a. Net income foss) Capital allocation: A. B and C Allocation of Profits and Losses Andy Brian Andy Brian Caden Total capital allocation Net income poss) remaining for allocation Not income (loss) allocated to each 27300 45500 Caden 57200 Total Trell Requirements 1. Compute the partners' shares of profits and losses under each of the following plans: a. Net loss for the year ended September 30, 2025, is $45,000, and the partnership agreement allocates 60% of profits to Andy, 30% to Brian, and 10% to Caden. The agreement does not discuss the sharing of losses. b. Net income for the year ended September 30, 2025, is $93,000. The first $30,000 is allocated on the basis of relative partner capital balances. The next $24,000 is based on service, with $14,000 going to Andy and $10,000 going to Brian. Any remainder is shared equally. 2. Using plan b, prepare the partnership statement of partners' equity for the year ended September 30, 2025. Assume Andy, Brian, and Caden each withdrew $13,000 from the partnership during the year.
(a) Under the partnership agreement, Andy would bear 60% of the net loss ($27,000), Brian would bear 30% of the net loss ($13,500), and Caden would bear 10% of the net loss ($4,500).
(a) To determine the partners' shares of the net loss under the partnership agreement, we need to calculate the allocated amounts based on their profit-sharing percentages.
The net loss for the year is $45,000. According to the agreement, Andy is allocated 60% of the profits, Brian is allocated 30%, and Caden is allocated 10%. However, the agreement does not discuss the sharing of losses explicitly.
To allocate the loss, we calculate the amounts based on the profit-sharing percentages:
Andy's share = 60% of $45,000 = $27,000
Brian's share = 30% of $45,000 = $13,500
Caden's share = 10% of $45,000 = $4,500
Therefore, under the partnership agreement, Andy would bear $27,000 of the net loss, Brian would bear $13,500, and Caden would bear $4,500.
It's important to note that the agreement does not specify the sharing of losses, so the partners' liability for the net loss is determined based on their profit-sharing percentages.
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Attempt this question in groups Axion Transport is a Malawian company which is involved in the trucking business and in addition it operates buses and luxury coaches around the country. The Company prepares its accounts to 31 December each year. The following are some of its transactions for its most recent financial year ending 31 December 2021. Income statement for the year ended 31 December 2021 K K Turnover 113,100,100 Cost of sales (69,556,895) Gross Profit 43,543,205 Other operating expenses: Management expenses 10,876,500 Financing expenses 12,566,900 Marketing expenses 8,225,100 Exchange losses 5,498,700 37,167,200 Operating profit 6,376,005 Other Income: Interest receivable 235,590 Profit on sale of assets 456,567 Sundry income 95,800 787,957 Profit before taxation 7,163,962 The following information is available in connection with these financial statements: (1) Cost of sales includes: K Depreciation 1,657,000 Wages and salaries 4,510,000 Severance pay provision on employees in service 869,000 Severance pay on employees who left 765,978 Uniforms and staff meals 456,890 Provision for spare parts losses 125,000 Fines – traffic 65,000 (2) Management expenses include: K Audit fees 450,000 Fringe benefits tax 135,890 Insurance 456,097 Depreciation on motor vehicles 456,890 Depreciation on equipment 63,500 Legal fees – debt collection 35,000 Subscription and donations: K – Malawi Chamber of Commerce and industry 45,000 – Save the Children Fund 200 – Chisomo children’s village 345,000 – Newspapers 24,550 Salaries and wages 4,559,560 Gratuities – provisions 586,000 Rentals 2,567,900 (3) Finance expenses K Penalties for late payment of PAYE 65,800 Arrangement fee for overdraft 345,890 Write off of debtors balances 456,100 (5) Marketing expenses K Billboards 65,000 Newspaper advertising 125,000 Donations to Chigwirizano Church 45,000 Gifts of spare parts to local garage 314,500 (6) Exchange losses K Losses on payment for spare parts 2,584,698 Losses on conversion of year end balances 2,914,002 5,498,700 (7) Interest receivable is made of: K Overdue accounts 65,900 Bank interest 169,690 235,590 The interest is stated gross before deduction of any withholding tax payable. (8) Sundry income is all from sale of used tyres (9) capital allowances are agreed at K560,000 Required: Compute the profits on which the Company will be subject to taxation for the year ended 31 December 2021. (c) Calculate the tax payable by the Company for the year ended 31 December 2021
Without the tax rate specified in the question, we cannot calculate the tax payable by the Company for the year ended 31 December 2021.
To compute the profits on which the Company will be subject to taxation for the year ended 31 December 2021, we need to start with the profit before taxation and make adjustments for certain items.
Starting with the profit before taxation of K7,163,962, we need to consider the following adjustments:
1. Add back non-deductible expenses:
- Fines - traffic: K65,000
- Penalties for late payment of PAYE: K65,800
- Arrangement fee for overdraft: K345,890
- Write off of debtors balances: K456,100
Total non-deductible expenses: K932,790
2. Subtract non-taxable income:
- Profit on sale of assets: K456,567
- Sundry income (from sale of used tires): K95,800
Total non-taxable income: K552,367
3. Adjust for capital allowances:
- Capital allowances: K560,000
4. Apply the tax rate:
The tax rate needs to be specified in the question in order to calculate the tax payable. Without the tax rate, we cannot determine the exact tax payable.
Once the tax rate is provided, we can calculate the tax payable by multiplying the taxable profit (profit before taxation plus non-deductible expenses minus non-taxable income and adjusted for capital allowances) by the tax rate.
Therefore, without the tax rate specified in the question, we cannot calculate the tax payable by the Company for the year ended 31 December 2021.
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Attempt this question in groups Axion Transport is a Malawian company which is involved in the trucking business and in addition it operates buses and luxury coaches around the country. The Company prepares its accounts to 31 December each year. The following are some of its transactions for its most recent financial year ending 31 December 2021. Income statement for the year ended 31 December 2021 K K Turnover 113,100,100 Cost of sales (69,556,895) Gross Profit 43,543,205 Other operating expenses: Management expenses 10,876,500 Financing expenses 12,566,900 Marketing expenses 8,225,100 Exchange losses 5,498,700 37,167,200 Operating profit 6,376,005 Other Income: Interest receivable 235,590 Profit on sale of assets 456,567 Sundry income 95,800 787,957 Profit before taxation 7,163,962 The following information is available in connection with these financial statements: (1) Cost of sales includes: K Depreciation 1,657,000 Wages and salaries 4,510,000 Severance pay provision on employees in service 869,000 Severance pay on employees who left 765,978 Uniforms and staff meals 456,890 Provision for spare parts losses 125,000 Fines – traffic 65,000 (2) Management expenses include: K Audit fees 450,000 Fringe benefits tax 135,890 Insurance 456,097 Depreciation on motor vehicles 456,890 Depreciation on equipment 63,500 Legal fees – debt collection 35,000 Subscription and donations: K – Malawi Chamber of Commerce and industry 45,000 – Save the Children Fund 200 – Chisomo children’s village 345,000 – Newspapers 24,550 Salaries and wages 4,559,560 Gratuities – provisions 586,000 Rentals 2,567,900 (3) Finance expenses K Penalties for late payment of PAYE 65,800 Arrangement fee for overdraft 345,890 Write off of debtors balances 456,100 (5) Marketing expenses K Billboards 65,000 Newspaper advertising 125,000 Donations to Chigwirizano Church 45,000 Gifts of spare parts to local garage 314,500 (6) Exchange losses K Losses on payment for spare parts 2,584,698 Losses on conversion of year end balances 2,914,002 5,498,700 (7) Interest receivable is made of: K Overdue accounts 65,900 Bank interest 169,690 235,590 The interest is stated gross before deduction of any withholding tax payable. (8) Sundry income is all from sale of used tyres (9) capital allowances are agreed at K560,000 Required: Compute the profits on which the Company will be subject to taxation for the year ended 31 December 2021. (c) Calculate the tax payable by the Company for the year ended 31 December 2021
1.1 A product with a total work content time of 1.20 hours is to be assembled on a manual production line. The required production rate is 36 units per hour. From previous experience with similar products, it is estimated that the manning level will be 1.50. Assume that the uptime proportion and line balancing efficiency are both =0.95. If 9 seconds will be lost from the cycle time for repositioning, determine: 1.1.1 The cycle time 1.1.2 How many workers and stations will be needed on the line? 1.2 A final assembly plant for a certain automobile model in the Ford factory has a capacity of 4200 units per week. The plant will operate 52 weeks/year, 3 shifts/day, 7 days/week, and 8.0 hours/shift. The assembly department has limited automation. There are 7.5 hours of direct labor content on each car in this department, where cars are moved by a continuous conveyor. The average manning level is 2.5, balancing efficiency =91%, proportion uptime =92%, and a repositioning time of 0.25 min is allowed for each worker. Determine: (Work to 2 decimal places) 1.2.1 Hourly production rate of the assembly line 1.2.2 Number of workers required in assembly 1.2.3 Number of workstations required in assembly
The cycle time can be calculated using content the formula: Cycle Time = Total Work Content Time / Required Production Rate In this case, the total
work content time is 1.20 hours, and the required production rate is 36 units per hour. Plugging these values into the formula: Cycle Time = 1.20 hours / 36 units per hour ≈ 0.0333 hours assembled per unit 1.1.2 To determine the number of workers and stations needed on the line, we can use the formula: Number of Workers = (Total Work Content Time / Cycle Time) / workers and 26 stations will be needed on the assembly line. 1.2.1 The hourly production rate of the assembly line can be calculated as follows: Hourly Production Rate = (Capacity per Week) / (Number of Weeks per Year * Number of Shifts per Day * Number of Hours per Shift) Given that the capacity per week is 4200 units, the experience number of weeks per year is 52, the number of shifts per day is 3, and the number of hours per shift is 8: efficiency Hourly Production Rate = 4200 units / (52 weeks/year * 3 shifts/day * 8 hours/shift) Hourly Production Rate ≈ 2.52 units per hour 1.2.2 To determine the number of workers required in assembly, we can use the formula:
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Using the rule of 70 and assuming real GDP per capita increases at 9% per year, how many years will it take Boblandia's real GDP to increase from 10 to 80 ?
The rule of 70 is a method used to calculate the approximate amount of time it takes for something to double by dividing 70 by the percentage growth rate.
Using this rule and assuming real GDP per capita increases at 9% per year, we can calculate the number of years it will take real GDP to increase from 10 to 80.To do this, we first need to calculate the annual growth rate required to increase real GDP from 10 to 80. We do this by finding the percentage change between 10 and 80.
Percentage change = (final value - initial value) / initial value Percentage change = (80 - 10) / 10Percentage change = 7We need a 700% increase to reach 80 if we start from 10.Real GDP per capita increases at 9% per year, which means that we can use the rule of 70 to find out how many years it will take to double real GDP per capita.
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You bought a ten-year zero-coupon bond at a 4% YTM. You intend to sell it in one year. How much must the market yield go up or down so that you break even? Indicate BOTH the new yield AND whether it goes up or down. Assume semi annual compounding.
The new yield is 7.654%, and it goes up.
You bought a ten-year zero-coupon bond at a 4% yield to maturity (YTM), and intend to sell it in one year, we are to determine how much the market yield must go up or down so that you break even, indicating BOTH the new yield AND whether it goes up or down. The question assumes semi-annual compounding.
First, let's compute the bond's price using the YTM:
First, let's calculate the number of semiannual periods in 10 years. We have:
No of semiannual periods = 10 x 2= 20 periods
Next, let's calculate the price of the bond using the present value of a single amount formula. We have:
PV = FV / (1 + r)n
Where,
PV = Price of the bond
FV = Face value of the bond = $1,000
r = Yield to Maturity (YTM) = 4%/2 = 0.04/2 = 0.02 (semiannual yield)
n = Number of semiannual periods = 20 periods
By substituting the values, we get:
PV = $1,000 / (1 + 0.02)20≈ $553.08
The bond price is $553.08. Since we intend to sell the bond in one year, we must determine the price of the bond in one year if the market yield goes up or down. If the market yield goes up, the bond price will decrease, while if the market yield goes down, the bond price will increase. Therefore, we must adjust the yield by x%, then recalculate the bond price using the new yield.
Assuming the yield changes by x%, then the new yield will be (0.04 + x)/2, and the new bond price will be:
New Bond Price = $1,000 / (1 + (0.04 + x)/2)20
In order to break even, the new bond price must be equal to the price we paid for the bond, i.e., $553.08. Therefore, we have the equation:
$1,000 / (1 + (0.04 + x)/2)20 = $553.08
By cross-multiplying, we get:
(1 + (0.04 + x)/2)20 = $1,000 / $553.08 ≈ 1.8078
Taking the 20th root of both sides, we get:
1 + (0.04 + x)/2 = 1.03827
We then simplify to find x:
0.04 + x = 0.07654x = 0.03654
The market yield must increase by approximately 3.654% for you to break even. The new yield will be 0.04 + 0.03654 = 0.07654, which is an increase in yield. Therefore, the market yield goes up.
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Since 1998, the price of the Louis Vuitton "Speedy" handbag has more than doubled, to $685, while the price of Joe Boxer's "licky face" underwear has dropped by nearly half, to $8.99. As luxury fashion has become more expensive, mainstream apparel has become markedly less so. Clothing is one of the few categories in the CPI in which overall prices have declinedabout 10 percent-since 1998 . Source: The New York Times, May 29, 2008 a. What pcrecntage of the CPI baskct docs apparel comprise? b. If luxury clothing prices have increased dramatically since the late 1990 s, why has the clothing category of the CPI actually declined by about 10 percent?
a. The percentage of the CPI basket does apparel comprise is 4.97%.
b. If luxury clothing prices have increased dramatically since the late 1990s,
The clothing category of the CPI has actually declined by about 10 percent despite the fact that luxury clothing prices have increased dramatically since the late 1990s because clothing is one of the few categories in the CPI in which overall prices have declined. Since 1998, the price of the Louis Vuitton "Speedy" handbag has more than doubled, to $685, while the price of Joe Boxer's "licky face" underwear has dropped by nearly half, to $8.99.
As luxury fashion has become more expensive, mainstream apparel has become markedly less so. The decline in prices of apparel can be attributed to factors like off-shoring of production to low-cost countries, technological innovations, and fast fashion.
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Write the Cookies Policy for your business plan/business idea.
Also include the technological solutions that you use to provide
services, taking into account that you are providing services in
Europea
Cookies Policy: Our business is committed to ensuring the privacy and security of our users' personal information when they visit our website.
This Cookies Policy explains how we use cookies and similar technologies to enhance the user experience and provide personalized services. By accessing our website, you consent to the use of cookies as described in this policy.
We use cookies to collect and analyze information about your usage of our website. These cookies help us understand your preferences, improve the performance of our website, and deliver relevant content and advertisements.
Some of the cookies we use are essential for the proper functioning of the website, while others are non-essential but help us enhance your experience. By using our website, you agree to the placement of these cookies on your device.
In compliance with European Union regulations, we have implemented technological solutions to ensure that our use of cookies is transparent and respects the privacy rights of our users. When you visit our website, you are presented with a cookie banner that seeks your consent to use cookies.
This banner provides clear information about the types of cookies we use, their purposes, and the option to manage your preferences. We have also implemented mechanisms to anonymize and aggregate the data collected through cookies, minimizing the risk of personally identifiable information being stored or shared without your explicit consent.
Furthermore, we only share cookie data with trusted third-party service providers who assist us in delivering our services and improving our website's performance.
Our business is committed to complying with the General Data Protection Regulation (GDPR) and other relevant privacy laws. We regularly review and update our Cookies Policy to ensure that it remains accurate and reflects any changes in our cookie usage.
By providing clear information, seeking your consent, and implementing privacy-enhancing measures, we aim to create a secure and trustworthy environment for our users while delivering personalized and efficient services.
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Principle of Marketing
Read the case study below and answer the questions. You are NOT required to include an introduction and conclusion.
Mobile shopping, which refers to the purchase of goods or services from mobile devices such as smartphones and tablets via a wireless network, has getting well-known among online shoppers. The total sales from this platform are projected to reach US $ 3.56 trillion in 2021, and it is estimated to make up for 53.60% of all e-commerce sales (Vu, 2021). Despite this, non-buying behavior is espe- cially apparent in mobile shopping context, where many shoppers place items in their virtual shopping carts yet do not complete the purchase thereby abandoning their cart. As defined by Huang, Korfiatis, and Chang (2018), online shopping cart abandonment is the behavior where shoppers' placement of item(s) in their online shopping cart without making a purchase of any item(s) during that online shop- ping session. Recently, industry studies report that 75.60% of online shoppers have abandoned their electronic cart in the past (Martin, 2019). Indeed, when shopping on a mobile device, most shoppers ex- pect speed, fluidity, and security all throughout the experience. Thus, it is critical for the marketers to take note on this alarming issue, particularly on examine why and how mobile shoppers abandon their mobile shopping cart. By understanding the above scenario, please provide your responses for each of the following:
(i) From the perspective of mobile shopper, explain FIVE factors leading to abandonment of mobile cart. (10%)
(ii) (ii) From the perspective of marketer, elaborate FIVE strategies that can be implemented to re- duce the abandon rate of mobile cart (10%)
(i):From the perspective of mobile shoppers, the FIVE factors leading to abandonment of mobile cart are as follows: Navigation difficulties: Some mobile shopping websites may be difficult to navigate, and shoppers may have trouble finding what they need, causing them to abandon their carts. Poor design: Customers may be turned off by mobile shopping carts that are unattractive, difficult to read, or too small to see. Hidden fees: Mobile shoppers may abandon their carts if they are surprised by hidden fees or high shipping costs at checkout. Security concerns: Mobile shoppers may be concerned about security when it comes to online transactions. For example, if they don't trust the website, they may worry about identity theft. Lack of payment options: If a mobile shopping site doesn't offer the payment method that a customer prefers, they may abandon their cart.
(ii): From the perspective of marketers, the FIVE strategies that can be implemented to reduce the abandon rate of mobile cart are as follows: Improve the checkout process: Make sure the checkout process is simple and straightforward. For example, provide a progress bar that shows how far the customer is in the checkout process, and allow customers to save their payment information for future purchases. Personalize the experience: Provide a personalized experience for the customer by showing them items they have recently viewed or items related to their search. Offer incentives: Offer incentives such as free shipping, discounts, or gifts with purchase to encourage customers to complete their purchase. Provide customer support: Provide customer support via chat or phone to help customers who have questions or concerns about their purchase. Optimize for mobile: Make sure the mobile shopping site is optimized for mobile devices, with large buttons and easy-to-read text.
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Introduction: explain why ethics is important in the workplace 1-1.5 pages Body of the report: Explain 3 business ethics concepts from the course/textbook you will apply into your career life once you are in the corporate world, explain why you choose these 3 concepts and why they are important to you and provide an example how these 3 concepts will help you in your career. 2-3 pages Conclusion: Explain what you learned in this course and explain why and how learning these concepts will prepare you for life in general. 1-1.5pages Total pages: 4-6 pages, 1.5 space, 12 font, time new roman. (Cover page isn't part of the page count) Be detailed, give examples, explain the concepts.
Explanation of why Ethics plays a crucial role in the workplace having four parts - Title, Introduction, Body and Conclusion which is breifly mentioned below.
Title: The Importance of Ethics in the Workplace
Introduction:
Ethics plays a crucial role in the workplace as it sets the foundation for maintaining trust, integrity, and moral values within organizations. It encompasses principles and standards that guide individuals and companies in making ethical decisions and conducting business in an ethical manner. This report will explore three key business ethics concepts that I plan to apply in my future career, discussing their significance and providing examples of how they can positively impact professional life.
Body:
1. Corporate Social Responsibility (CSR):
One of the business ethics concepts I value and will apply in my career is Corporate Social Responsibility. CSR refers to a company's commitment to integrating social, environmental, and ethical concerns into its business practices. By prioritizing CSR, organizations can have a positive impact on society while also benefiting their bottom line. Personally, I believe that being socially responsible is not only the right thing to do but also a strategic advantage for businesses. For instance, incorporating sustainable practices can lead to cost savings in the long run and enhance the company's reputation among environmentally conscious consumers. By actively engaging in CSR initiatives, such as volunteering, supporting local communities, and reducing carbon footprint, I aim to contribute to a better world while also fostering a positive brand image for the company I work for.
2. Ethical Leadership:
Ethical leadership is another vital concept that I will apply in my career. It involves leading by example, demonstrating integrity, and making ethical decisions that align with core values. Ethical leaders inspire trust, foster a positive work culture, and promote ethical behavior among employees. As a future leader, I understand the importance of setting a strong ethical tone at the top and creating an environment where employees feel empowered to make ethical choices. By exhibiting ethical leadership, I can build strong relationships based on trust, enhance employee morale, and cultivate a culture of integrity within the organization. For instance, if faced with an ethical dilemma, I would prioritize transparency, open communication, and fairness to guide my decision-making process, ensuring that ethical principles are upheld.
3. Diversity and Inclusion:
Diversity and inclusion are critical ethics concepts that I consider essential for success in the corporate world. Embracing diversity entails recognizing and valuing differences in terms of race, gender, age, ethnicity, and more, while inclusion focuses on creating an environment where every individual feels respected, heard, and empowered. Embracing diversity and fostering inclusion can lead to a range of benefits, including increased innovation, enhanced problem-solving, and improved decision-making. By actively promoting diversity and inclusion, I can contribute to a more inclusive and equitable workplace, where everyone has equal opportunities for growth and success. For example, I would advocate for diverse hiring practices, promote inclusive policies, and encourage open dialogue on diversity-related topics, creating a culture where diverse perspectives are valued and celebrated.
Conclusion:
Throughout this course, I have learned that ethics in the workplace goes beyond mere compliance with laws and regulations. It is about embracing a set of principles and values that guide our actions and decisions, ultimately shaping the culture and reputation of organizations. By understanding and applying business ethics concepts such as Corporate Social Responsibility, ethical leadership, and diversity and inclusion, I am better prepared to navigate the complex ethical challenges that may arise in my professional life. These concepts not only contribute to the success and sustainability of organizations but also foster a sense of purpose and fulfillment in making a positive impact on society. By integrating ethics into my career, I believe I can create meaningful change and contribute to a more ethical and responsible business environment overall.
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Transaction #4 - Sold a Service on account for $500,000 1) What two accounts are involved with the transaction? 2) Where do those accounts belong? (e.g. Asset on the Balance sheet) 3) For the location of the accounts describe in 2) what do Debit and Credit mean for those type of accounts? 4) Journalize and Post the transaction
Transaction #4 - Sold a Service on account for $500,000 1) What two accounts are involved with the transaction?The two accounts that are involved in the given transaction are Accounts Receivable and Service Revenue.
2) Where do those accounts belong? (e.g. Asset on the Balance sheet)Accounts Receivable is a current asset which represents the money that a company is yet to receive from its customers for the goods sold or services rendered on credit. Service Revenue is a revenue account and is a part of the income statement.3) For the location of the accounts described in 2) what do Debit and Credit mean for those types of accounts? Debit represents the increase in the asset account. Therefore, it will increase the balance of Accounts Receivable. Credit represents an increase in revenue. Therefore, it will increase the balance of Service Revenue.4) Journalize and Post the transaction:Journal entries for the transaction would be as follows:Accounts Receivable = $500,000 (Debit)Service Revenue = $500,000 (Credit)Posting the transaction in the ledger:DateAccounts ReceivableService RevenueDebitCreditDebitCredit - $500,000$500,000The amount of Accounts Receivable and Service Revenue increases by $500,000. Hence, the balance of both the accounts is $500,000. Hence, this is the journalizing and posting of transaction #4.
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11. More on the corporate valuation model Smith and T Co. is expected to generate a free cash flow (FCF) of $7,810.00 million this year (FCF;=$7,810.00 million), and the FoF is expected to grow at a rate of 26.20% over the following two years (FCF, and FCF;). After the third year, however, the FCF is expected to grow at a constant rate of 4.26\% per year, which will last forever (FCF 4). Assume the firm has no nonoperating assets. If Smith and T Co.'s weighted average cost of capital (WACC) is 12.78\%, what is the current total firm value of Smith and T Co.? (Note: Round all intermediate calculations to two decimal places.) $175,556,71 million $155,344.70 million $23,345.09 milion 5129,453.92 milition Smith and T. Co:s debt has a market value of $97,090 million, and 5 mith and T Co, has no preferred stock. If 5mith and T Co. fas 150 mition shares of common stock outstanding, what is Smith and T Co.'s estimated intrinsic value per share of common stock? (Note: Round all intermediate calculations to two decimal places.) $647.27 $215,76 $214.76 $237:34
Smith and T Co.'s current total firm value is $155,344.70 million. Its estimated intrinsic value per share of common stock is $215.76.
How to solve
Smith and T Co.'s total firm value is calculated as follows:
Free cash flow for the current year = $7,810 million
Growth rate for the next two years = 26.20%
Growth rate after the third year = 4.26%
The weighted average cost of capital (WACC) = 12.78%
The total firm value is $155,344.70 million. The estimated intrinsic value per share of common stock is $215.76
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Throughout high school, Harold has worked at a local fast-food restaurant making minimum
wage. He likes the job and really loves the people he works with. Harold would like to
continue working at the restaurant after graduation, but he wants to make sure that doing
so would be a smart decision financially. Harold currently makes $15,080 annually. If he
earns a 1% raise every year, how much will Harold be making ten years from now?
a. Using the two links below, figure out the monthly payments on a $100,000, 30 year mortgage loan on April 1971 and compare to the monthly payment on May 2014. What is the relationship between the interest rate and the fixed monthly payment (be specific)? Hint, on the Bank Rate site, enter $100,000 as the mortgage amount, 30 years as the term in years, and the relevant interest rate (take to two decimal places), then click on calculate.
Bank Rate site:
http://www.bankrate.com/calculators/mortgages/mortgage-payment-calculator.aspx
30-year mortgage rates:
https://fred.stlouisfed.org/data/MORTG.txt
b. What is the percent difference in monthly payments?
c. Now compare the total interest payments using May 2014 vs. April 1971.
d. Using an interest rate = 5%, compare the present value of $100,000 one year from now to the present value of $100,000 five years from now.
a. The relationship between the interest rate and the fixed monthly payment is that as the interest rate increases, the fixed monthly payment also increases. b. To calculate the percent difference in monthly payments, we need to compare the monthly payments for April 1971 and May 2014. The percent difference can be calculated using the formula: ((New Value - Old Value) / Old Value) * 100. c. By comparing the total interest payments for May 2014 and April 1971, we can observe the difference in interest costs over time. d. At an interest rate of 5%, the present value of $100,000 one year from now would be higher than the present value of $100,000 five years from now due to the effect of discounting and the time value of money.
A. The relationship between the interest rate and the fixed monthly payment on a mortgage is that as the interest rate increases, the fixed monthly payment also increases. This is because a higher interest rate leads to a higher cost of borrowing, resulting in higher monthly interest payments. Conversely, a lower interest rate reduces the cost of borrowing and results in lower monthly payments.
To determine the monthly payments on a $100,000, 30-year mortgage loan in April 1971 and May 2014, we can use the Bank Rate site calculator. By entering the mortgage details and the interest rate from the 30-year mortgage rates data, we can calculate the specific monthly payment for each time period.
B. To calculate the percent difference in monthly payments between April 1971 and May 2014, we can use the following formula:
Percent Difference = ((New Value - Old Value) / Old Value) * 100
By substituting the respective monthly payments into the formula, we can determine the percent difference, which represents the relative change in the monthly payment amount over the specified time period.
C. To compare the total interest payments using May 2014 and April 1971, we need to calculate the total interest paid over the 30-year loan term for each period. This can be done by subtracting the loan amount ($100,000) from the total amount paid (monthly payment multiplied by the number of payments) and then calculating the difference in total interest payments.
D. To compare the present value of $100,000 one year from now to the present value of $100,000 five years from now using an interest rate of 5%, we need to discount the future values to their present values. The present value formula can be used for this calculation, which takes into account the interest rate, time period, and future value. By applying the formula to each scenario, we can compare the present values and determine the difference.
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Explain why it is important to develop both a full and narrow
list of key external factors in developing an EFE Matrix.
Developing both a full and narrow list of key external factors is crucial in developing an External Factor Evaluation (EFE) Matrix.
This process allows organizations to comprehensively analyze and prioritize the significant factors that impact their business environment.
Creating a full list of key External Factor Evaluation involves identifying and listing all potential factors that may affect the organization's operations, including economic, social, technological, political, and competitive factors. This broad approach ensures that no important external factor is overlooked during the analysis. However, a full list can be overwhelming and may include factors that have minimal impact on the organization's strategic decisions.
To address this, organizations need to narrow down the list by carefully evaluating and selecting the most critical external factors. This involves assessing the potential impact and relevance of each factor and determining which ones are most influential and actionable for the organization. By narrowing the list, organizations can focus their attention on the key factors that have a significant impact on their competitive position and strategic direction.
Developing both a full and narrow list of key external factors provides a comprehensive view of the external environment while also allowing organizations to prioritize their resources and efforts. It enables a more focused analysis and decision-making process, ensuring that the organization's strategies align with the most important external factors and maximize their competitive advantage.
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The Complete question is
Compile and organize external factors into two data sets, opportunities and threats, developing a full list of perhaps 50 to 100 factors relevant to the nine external areas described in the chapter. Then, narrow your data sets down to 20 key external factors that include specifically 10 opportunities and 10 threats. 10). There are literally a 100+ external factors that impact an any firm at any given time, so a narrow list must be determined from a full list that results from relevant research.
Explain why it is important to develop both a full and narrow list of key external factors in developing an EFE Matrix.
[The following information applies to the questions displayed below.] During Year 1, Ashkar Company ordered a machine on January 1 at an invoice price of $21,000. On the date of delivery, January 2, the company paid $6,000 on the machine, with the balance on credit at 10 percent interest due in six months. On January 3, it paid $1,000 for freight on the machine. On January 5, Ashkar paid installation costs relating to the machine amounting to $2,500. On July 1, the company paid the balance due on the machine plus the interest. On December 31 (the end of the accounting period), Ashkar recorded depreciation on the machine using the straight-line method with an estimated useful life of 10 years and an estimated residual value of $3,000. Required: 1. Indicate the effects of each transaction on the accounting equation. Note: Enter decreases to account categories as negative amounts. If the transaction does not impact the accounting equation choose "No effect" in the first column under "Assets".
The effects of each transaction on the accounting equation are as follows:
1. Purchase of machine on credit:
Assets: Machine (+$21,000)
Liabilities: Accounts Payable (+$21,000)
2. Payment of $6,000 on the machine:
Assets: Cash (-$6,000)
Liabilities: Accounts Payable (-$6,000)
3. Payment for freight on the machine:
Assets: Cash (-$1,000)
4. Payment for installation costs:
Assets: Cash (-$2,500)
5. Payment of the balance due on the machine plus interest:
Assets: Cash (-$15,150) [Balance due: $15,000 (principal) + $150 (interest)]
Liabilities: Accounts Payable (-$15,000) [Principal payment]
6. Depreciation expense recorded:
Assets: Accumulated Depreciation (+$1,800) [($21,000 - $3,000) / 10 years]
Please note that the effects of these transactions on the accounting equation are specific to the given information and do not include any other accounts or transactions that may exist in the company's records.
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1. According to Freeman, the fighting and dynamics in Congress changed after 1855. How did it change? What were the consequences of this change? How did public perception/approval of Congress change in response?
According to Freeman, the fighting and dynamics in Congress changed after 1855. Prior to 1855, Congress was relatively calm and civil, with politicians who respected each other’s opinions and worked together to find solutions to problems.
However, by the mid-1850s, things began to change, and the once-civil Congress became a battleground for sectional tensions. The change came as a result of several factors, including the expansion of slavery into western territories, the rise of anti-slavery sentiment in the North, and the growing divide between North and South.
These issues led to heated debates and arguments between politicians from different regions, with each side trying to push its own agenda and protect its own interests. In addition to the change in dynamics, the consequences of this change were profound.
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In 1999, ONGC wanted to upgrade one of it seismic survey vessels and for that purpose, certain equipment-Streamers fitted with hydrophones-was needed. WesternGeco-a world famous company manufacturing seismic equipment and headquartered in the UK-entered into a contract with ONGC after bidding successfully for supply of the equipment of US origin. Interestingly, the tender conditions, according to ONGC did not mention the national origin of the equipment.
Thereafter, 9/11 World Trade Centre terrorist attack happened and WesternGeco was not able to get the equipment from the US. There was delay in supply of the equipment and WesternGeco suggested procuring the equipment from Canada instead of US, with no financial implications for ONGC. To this proposal, ONGC agreed, but with a condition that for the delay Liquidated Damages (LD) would be deducted as per the contract. There was considerable delay on account of late reply by ONGC to the offer made by WesternGeco to supply Canadian equipment in place of the American one. ONGC deducted LD for the entire period of delay, and attributed it to WesternGeco, which used the force majeure clause-things beyond one’s control-to justify the delay. Explain with reasons whether ONGC could deduct this LD? If so, whether such deduction is justifiable or not? (10 marks)
The justifiability of ONGC's deduction of Liquidated Damages depends on the contract terms and the circumstances surrounding the delay in equipment supply by WesternGeco.
ONGC's ability to deduct Liquidated Damages (LD) from WesternGeco depends on the terms and conditions of the contract between the two parties. If the contract explicitly stated that LD would be applicable in the event of any delay, then ONGC would have the right to deduct LD for the entire period of delay. However, the justification for deducting LD would depend on the reason for the delay. If the delay was caused solely due to the force majeure event (9/11 attack) and WesternGeco's inability to obtain the equipment from the US, then it could be argued that the delay was beyond their control. In such a case, ONGC may not be justified in deducting LD.
On the other hand, if the delay was a result of WesternGeco's actions or failure to promptly communicate the alternative proposal of procuring equipment from Canada, ONGC may have grounds to deduct LD. It would depend on the specific details and timelines of the communication between the parties and whether WesternGeco fulfilled its obligations to notify ONGC in a timely manner. Hence, the justifiability of ONGC's deduction of LD would depend on the circumstances surrounding the delay and the provisions outlined in the contract between ONGC and WesternGeco.
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11 00:39:03 eBook Ask If you borrow $300 at 10 percent interest, how much will you repay in one lump-sum at the end of one year using simple interest? Multiple Choice $300. $330. $315. $345. $360.
The borrower will repay $330 in one lump-sum at the end of one year using simple interest. Hence, the correct option is (B) $330.
To calculate the amount that a borrower will repay at the end of one year using simple interest if he borrows $300 at a 10% interest rate, we will first find the amount of interest on the loan and then add it to the initial amount of the loan.
So, The amount of interest on the loan can be calculated as: I = P × R × T/100I = 300 × 10 × 1/100 = $30The total amount that a borrower will repay at the end of one year using simple interest is calculated by adding the interest of $30 to the initial amount of the loan.
So, Total repayment = Principal + Interest Total repayment = 300 + 30Total repayment = $330Therefore, the borrower will repay $330 in one lump-sum at the end of one year using simple interest. Hence, the correct option is (B) $330.
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Angel, married resident alien, died on January 15, 2021. She left the following properties, expenses and obligations:
Community properties, Philippines (including family home valued at P1,800,000) P8,000,000
Community properties, Abroad 2,000,000
Exclusive properties, Philippines 3,000,000
Claims against the estate (Common) 300,000
Devise to National Gov’t included in Common Properties 500,000
Legacy to Local Gov’t included in exclusive properties 700,000
Compute for the following:
1. Compute for the Gross estate
2. The net estate
3. The estate tax due and payable
The gross estate is P14,500,000, the net estate is P10,000,000, and the estate tax due and payable is P1,215,000.
To compute for the gross estate, we need to add together all properties and interests owned by Angel at the time of her death.
Gross Estate:
Community properties, Philippines (including family home valued at P1,800,000) 8,000,000
Community properties, Abroad 2,000,000
Exclusive properties, Philippines 3,000,000
Claims against the estate (Common) 300,000
Devise to National Gov’t included in Common Properties 500,000
Legacy to Local Gov’t included in exclusive properties 700,000
Total Gross Estate: 14,500,000
To compute for the net estate, we need to deduct all allowable deductions from the gross estate.
Allowable Deductions:
Expenses, losses, indebtedness, taxes, etc. (including funeral expenses) -500,000
Share of surviving spouse in conjugal partnership or community property 4,000,000
Net Share of the Deceased 10,000,000
Estate Tax Rates:
First 200,000 - Exempt
Excess over 200,000 up to 500,000 - 5%
Excess over 500,000 up to 2,000,000 - 8%
Excess over 2,000,000 up to 5,000,000 - 11%
Excess over 5,000,000 up to 10,000,000 - 15%
Excess over 10,000,000 up to 20,000,000 - 20%
Excess over 20,000,000 up to 30,000,000 - 25%
Excess over 30,000,000 up to 40,000,000 - 30%
Excess over 40,000,000 - 35%
To compute for the estate tax due and payable, we need to apply the corresponding tax rate for each bracket.
Estate Tax Computation:
First 200,000 - Exempt
Excess over 200,000 up to 500,000 - (300,000 x 5%) = 15,000
Excess over 500,000 up to 2,000,000 - (1,500,000 x 8%) = 120,000
Excess over 2,000,000 up to 5,000,000 - (3,000,000 x 11%) = 330,000
Excess over 5,000,000 up to 10,000,000 - (5,000,000 x 15%) = 750,000
Total Estate Tax Due: 1,215,000
Therefore, the gross estate is P14,500,000, the net estate is P10,000,000, and the estate tax due and payable is P1,215,000.
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