The best step for the project manager to take to resolve the issue of off-track discussions and lengthy meetings is option D: take charge of the meeting by not allowing side-talking.
By asserting control over the meeting and enforcing meeting rules and guidelines, the project manager can ensure that discussions stay focused on the agenda and that the meeting progresses efficiently. This may involve reminding participants to stay on topic, redirecting discussions that veer off track, and actively managing the flow of the meeting.
The two options that should receive regular communication during the planning phase of a project are D. sponsor and E. human resources. The sponsor plays a crucial role in providing guidance, support, and resources for the project, and therefore, regular communication with the sponsor is essential to ensure alignment and support throughout the planning phase. Human resources are also vital during the planning phase as they are responsible for staffing the project, addressing any resource needs or constraints, and managing team dynamics.
The transition plan for a project is executed during the closing phase (option C). The closing phase of a project involves finalizing all project activities, delivering the project's outputs or outcomes, and formally closing out the project. The transition plan outlines the steps and actions required to transition the project deliverables to the operational environment or the next phase of the project. It ensures a smooth handover of project results and sets the stage for ongoing operations or future project phases.
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A manager wants to choose one of two forecasting alternatives: moving average and exponential smoothing. Each alternative was tested using historical data. The resulting forecast errors for the two are shown in the table.
Period (t)
1
2
3
4
5
6
Forecasting Errors using Moving Average
3
-2
2
2
2
4
Forecasting Errors using Exponential Smoothing
4
-3
3
-1
3
5
(a) Calculate MAD for Moving Average Method and Exponential Smoothing Method (2 Points)
(b) Calculate MSE for Moving Average Method and Exponential Smoothing Method (2 Points)
(c) Based on Part (a) and Part (b), which forecasting method (Moving Average or Exponential Smoothing) should be used in this problem? Please explain your reasons. (2 Points)
(a) The MAD for the moving average method is 2.5, and the MAD for the exponential smoothing method is 3.16666665
(b) The MSE for the moving average method is 6.833333333333333, and the MSE for the exponential smoothing method is 11.5.
What is the conclusion that can be reached?(c) Based on the MAD and MSE values, the moving average method is a better forecasting method than the exponential smoothing method.
This is because the moving average method has a lower MAD and MSE, which means that it is less likely to make large errors in its forecasts.
The moving average method has a lower MAD and MSE than the exponential smoothing method, so it is a better forecasting method.
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Cycle time for an operation is 5.1 minutes. Following time used by each work station is given below. What is the % idle time. Work Station 1 2 3 4 Work Station Time Used 4.2 4.7 4.4 4.8
The % idle time is 11.27%. Cycle time for an operation is 5.1 minutes.
To determine the % idle time, you need to calculate the total processing time of all workstations. Afterward, subtract it from the total time available.
Then divide this number by the total time available and multiply it by 100 to get the percentage of idle time. Here are the steps to calculate the idle time.
Step 1: Add all the time taken by each workstation.4.2 + 4.7 + 4.4 + 4.8 = 18.1
Step 2: Calculate the total time available using the cycle time.Cycle time = 5.1 minutesTotal time available = Cycle time × Number of workstations= 5.1 × 4= 20.4 minutes
Step 3: Subtract the total processing time from the total time available.Total idle time = Total time available – Total processing time= 20.4 – 18.1= 2.3Step 4: Calculate the % idle time by dividing the total idle time by the total time available and multiplying by 100.% Idle time = (Total idle time / Total time available) × 100% Idle time = (2.3 / 20.4) × 100% Idle time = 11.27%
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Many of the collective agreement clauses used as examples in this text were gathered using Negotech (see http://negotech.labour.gc.ca or just search the word "Negotech"). This database is an excellent way for labour and business leaders to examine the contract language of other workplaces when they are setting out to negotiate their own collective agreements. Go to the Negotech site and conduct searches on any of the following keyword sets; feel free to restrict the sample to a specific province or industry: - overtime assignment - job sharing (or flexible work patterns) - job posting - layoff (or workforce adjustment/ reduction) - promotion - bumping - shifts (a) Examine the specific language in five or so different collective agreements. In particular, pay attention to the extent to which they provide flexibility to management or provide protection to employees.
Negotech is a database that provides access to collective agreements from various industries and provinces.
The database is useful for both labor and business leaders when negotiating their collective agreements. This database allows users to examine the contract language of other workplaces to get insights on how to negotiate their collective agreement.
The following keyword sets were used in conducting searches: overtime assignment, job sharing or flexible work patterns, job posting, layoff or workforce adjustment/reduction, promotion, bumping, and shifts. The language of about five collective agreements was examined to determine the extent of employee protection and management flexibility. Collective agreements provide information on the terms and conditions of employment, including pay, benefits, and working conditions.
The collective agreements provide different levels of flexibility to management and protection to employees. Some collective agreements provide management with more flexibility to make decisions, while others focus more on employee protection. For example, some collective agreements allow for job sharing or flexible work patterns, while others restrict such arrangements.
Similarly, some agreements provide for overtime assignments while others limit the scope of such assignments. In most cases, collective agreements are negotiated to ensure that the interests of both employers and employees are represented fairly.
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Suppose company xyz earned $15 bill in profits last year. Xyz experiences competitors entering its market. Also assume xyz has $300 bill in investor equity. Which is true?
a. Xyz has made $15 bill in economic profits luring other firms in the industry b. The general rate of return on investment is greater than 7.5%
c. Xyz has earned $300 billion dollars of accounting profits
d. The general rate of return on investment is less than 5%
e. The info given is insufficient to determine why other firms are entering since xxyz is really losing money
The correct statement is b. The general rate of return on investment is greater than 7.5%.
From the information provided, we know that company XYZ earned $15 billion in profits last year and has $300 billion in investor equity. Economic profits take into account both explicit costs (such as wages, rent, and materials) and implicit costs (such as opportunity costs and the cost of equity capital). However, the information given does not provide any specific details about the costs incurred by XYZ or the industry as a whole.
Option a is not necessarily true because we cannot determine if XYZ's profits are solely responsible for luring other firms into the industry. Competitors entering the market could be influenced by various factors beyond XYZ's profits.
Option c is incorrect because the information provided states that XYZ earned $15 billion in profits, not $300 billion in accounting profits.
Option d is not supported by the given information. The general rate of return on investment cannot be determined based solely on the profits earned by XYZ and its equity value.
Option e is not necessarily true either. While the information does not provide a detailed explanation of why other firms are entering the market, it does not necessarily indicate that XYZ is losing money. The $15 billion in profits earned by XYZ suggests that it is generating positive returns.
Therefore, the only statement that can be inferred from the information is that the general rate of return on investment is greater than 7.5%.
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Property and Casualty insurance can be marketed under different marketing systems. Compare the independent agency system with the exclusive agency system with respect to each of the
following: (The response to this question should be 200-300 words.)
1. Number of insurers represented by the agent
A. Independent Agency System
B. Exclusive Agency System
2. Ownership of policy expirations
A. Independent Agency System
B. Exclusive Agency System
The independent agency system of marketing property and casualty insurance involves an agency that has contracts with more than one insurance company. The independent agency system can have contracts with many insurers and can move policies from one to another as needed, based on the interests of the client and the pricing and product offered by the insurers.
Exclusive agency system of marketing property and casualty insurance involves an agency that has a contract with only one insurer. The exclusive agent sells the policies of one insurer to customers. This system is more suitable for insurers that want to maintain strict control over the distribution of their policies and pricing and who don't want the competition among insurers.
The ownership of policy expiration is different in the independent agency system and exclusive agency system. In the independent agency system, the policy expiration is owned by the independent agent. It gives the independent agent the freedom to select among insurers the appropriate coverage for the clients and help the client select the right insurance policy.
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Here are three fictional restaurants and their costs and revenues during April of 2020: Which of these restaurants was able to remain in business in the short run? (Select all that apply) Restaurant F
Based on the provided information, it is not possible to determine which of the three fictional restaurants was able to remain in business in the short run.
The question mentions three fictional restaurants but does not provide any specific information about their costs and revenues during April 2020. Without this crucial information, it is not possible to determine which restaurant was able to remain in business in the short run. Factors such as the initial capital, operational expenses, revenue sources, and financial management strategies would play a significant role in determining a restaurant's ability to stay afloat during a specific period. To assess the viability of a restaurant, it would be necessary to compare its costs and revenues, evaluate its financial position, and consider other relevant factors such as customer demand, competition, and market conditions.
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** Technical writing **
* Explain why it is important to know your funder. (1-2 Paragraph)
* What does it mean for the funder to "win"? Explain and give an example. The example
can be hypothetical. (1-2 Paragraph)
* Imagine you are hired as an innovation consultant and technical writer for your selected
nonprofit organization (strengthening families, nurturing children and connecting community). Your main job is to find funding through research and writing
proposals.
- Part 1: Explain the process of how you would go about finding possible funders. (1-2 Paragraph)
- Part 2: Describe your criteria for determining which funders are a good fit, or a match,
to your mission and goals. (1-2 Paragraph)
* Innovation is the transformation of ideas into impact. How is technical writing a key
component of this transformation? Explain.
Part 1: Explaining the process of finding possible funders In finding potential funders, the first step would be to conduct research in relevant online databases, networks, and other resources for finding grants. The foundation center, for instance, is a great resource that provides comprehensive information on different types of grants available for nonprofits, foundations, and individuals looking to give. Additionally, finding funding opportunities in local newspapers, community centers, churches, and universities may also provide excellent opportunities. Nonprofit organizations could look to online crowdfunding platforms such as GoFundMe or Kickstarter for crowdfunding or micro-funding opportunities.
Part 2: Describing the criteria for determining good funders A good fit for the selected nonprofit organization would be a funding source whose interests align with the mission and goals of the organization. The organization’s mission and goals should be clearly stated, and the funding source's objectives and requirements should also be clear. Funders whose priorities, objectives, and interest align with the mission and goals of the nonprofit are the best fit. To determine this, it is important to research each funder's goals and objectives, giving particular attention to the funding source's past giving history and patterns. For example, if the nonprofit is focused on providing educational opportunities for children, it is essential to find funders whose missions and objectives align with such. In a nutshell, nonprofits should evaluate how well each funding source matches their mission and how well their goals align with the funder's priorities.
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40 Which of the following typically appears as its own section of a credit application? Comparable Company Analysis Discounted Cash Flow Analysis Management Analysis Sensitivity Analysis
Management Analysis typically appears as its own credit application section. When filling out a credit application, it is common to find a separate section dedicated to Management Analysis, allowing the creditor to assess the capabilities and qualifications of the management team.
A credit application is a document used by businesses to gather information from potential customers who are applying for credit or seeking credit terms. It helps assess the creditworthiness of the applicant and determine the level of risk involved in extending credit. In a credit application, various sections are included to gather specific information.
Among the options provided, the Management Analysis section is specifically dedicated to evaluating the management team of the applicant company. It focuses on assessing the competence, experience, qualifications, and track record of key individuals responsible for managing the company's operations and decision-making processes. This section helps the creditor evaluate the management's ability to effectively run the business, make informed decisions, and handle potential credit obligations.
On the other hand, Comparable Company Analysis, Discounted Cash Flow Analysis, and Sensitivity Analysis are financial analysis techniques that may be included in a credit assessment process but are not typically represented as separate sections in a credit application. These analyses are used by creditors to evaluate the financial health, viability, and repayment capacity of the applicant based on different financial models and scenarios.
When filling out a credit application, it is common to find a separate section dedicated to Management Analysis, allowing the creditor to assess the capabilities and qualifications of the management team.
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Question 3 (15%) Mars Wrigley is one of the biggest chocolates, chewing gum, mint, and fruity confections companies in the world. Blas Maquivar, president of global emerging markets at Mars Wrigley, "
(a) Mars Wrigley chocolates fall into the product category of confectionery or candy. They include popular brands such as M&M's, Snickers, and Twix.
(b) The most critical factors and trends influencing consumer behavior toward Mars Wrigley's chocolates during the COVID-19 lockdown.
(a) Comfort and indulgence: During stressful times like the lockdown, consumer often seek comfort and indulgence in the form of familiar treats like chocolates. This can lead to increased demand for Mars Wrigley's chocolates as consumers look for small moments of pleasure.
(b) Emotional well-being: Chocolates are known to have mood-lifting properties and can contribute to improved emotional well-being. With the lockdown affecting people's mental health, consumers may turn to chocolate as a way to uplift their mood.
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----- The question is inappropriate; the correct question is:
Mars Wrigley is one of the biggest chocolates, chewing gum, mint, and fruity confections companies in the world. Blas Maquivar, president of global emerging markets at Mars Wrigley, "expands the penetration and reach" of chocolates, gum, mints, and fruity confections across more than 130 countries. Having in mind Mars Wrigley chocolates product family (e.g., M&M's SNICKERS, TWIX), identify
(a) the type of product category Mars Wrigley chocolates fall in and
(b) the most critical factors and trends influencing consumer behavior toward Mars Wrigley's chocolates during the COVID-19 lockdown. -----
In alternative universe, the Australian government has decided to enter into a target-zone arrangement with the United States. Australian firm Cockatoo has a USD 180,000 payable due in 180 days. Assuming the current exchange rate is AUD1.5/USD, the central rate for the AUD/USD is set at 1.55 AUD per USD, and the currencies are allowed to fluctuate with a 11% band on either side, what is the maximum possible amount (in terms of AUD) that Cockatoo could lose due to changes in the future exchange rate?
O a. 141096.77
O b. 29700.00
O c. 39690.00
O d. 33075.00
O e. 30690.00
The maximum possible amount (in terms of AUD) that Cockatoo can lose due to changes in future "exchange-rate" is (e) AUD 309690.
To calculate the maximum possible amount that Cockatoo could lose due to changes in the future exchange rate, we need to consider the exchange rate range within the target-zone arrangement.
We know that : Current exchange rate: AUD1.5/USD
Central-Rate: 1.55 AUD per USD
Fluctuation band: 11% on either side
To calculate the upper limit of the exchange rate within the target zone:
Upper limit = Central rate + (Central rate × Fluctuation band)
= 1.55 + (1.55 × 0.11)
= 1.55 + 0.1705
= 1.7205 AUD per USD
Now we can calculate the maximum possible amount in AUD that Cockatoo could lose:
Maximum possible loss in AUD = (Payable amount in USD) × (Upper band exchange rate),
= USD 180,000 × 1.7205 AUD/USD
= AUD 309,690
Therefore, the correct option is (e).
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The given question is incomplete, the complete question is
In alternative universe, the Australian government has decided to enter into a target-zone arrangement with the United States. Australian firm Cockatoo has a USD 180,000 payable due in 180 days. Assuming the current exchange rate is AUD1.5/USD, the central rate for the AUD/USD is set at 1.55 AUD per USD, and the currencies are allowed to fluctuate with a 11% band on either side, what is the maximum possible amount (in terms of AUD) that Cockatoo could lose due to changes in the future exchange rate?
(a) 141096.77
(b) 297000.00
(c) 396900.00
(d) 330750.00
(e) 309690.00
3. As more and more advertising dollars move to digital media,
traditional media are losing revenue. Will traditional media no
longer exist in the future?
While traditional media may face challenges due to the shift of advertising dollars to digital media, it is unlikely that they will completely disappear in the future. The landscape of media consumption is evolving, with digital platforms gaining prominence, but traditional media still holds value and relevance for certain audiences.
Digital media has indeed disrupted the traditional media landscape, offering new opportunities for advertisers to reach targeted audiences and providing consumers with more personalized and interactive content experiences. As a result, traditional media such as print newspapers and magazines, broadcast television, and radio have experienced declines in advertising revenue.
However, traditional media continues to have its own strengths and advantages. It often appeals to specific demographics, such as older audiences who may prefer printed newspapers or television broadcasts. Traditional media also provides a sense of credibility and trust that is associated with established brands and reliable journalistic practices.
Furthermore, while digital media has grown significantly, it does not necessarily replace the need for traditional media. Many advertisers recognize the value of integrating both digital and traditional media strategies to maximize their reach and engage diverse audiences. Traditional media outlets have also adapted by establishing online platforms and incorporating digital elements into their offerings.
In conclusion, while traditional media may face challenges and changes in the evolving media landscape, they are likely to continue to exist in some form, complementing and coexisting with digital media.
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Problem Walk-Through A bond has a $1,000 par value, 20 years to maturity, and an 8% annual coupon and sells for $1,110. a. What is its yield to maturity (YTM)? Round your answer to two decimal places. % b. Assume that the yield to maturity remains constant for the next five years. What will the price be 5 years from today? Do not round intermediate calculations. Round your answer to the nearest cent.
A. The yield to maturity (YTM) of the bond is approximately 6.56%. b. The price of the bond 5 years from today is approximately $1,238.55.
a. To calculate the yield to maturity (YTM), we can use the bond pricing formula and solve for the discount rate that equates the present value of the bond's future cash flows to its current market price.
Given the information:
Par value = $1,000
Years to maturity = 20
Coupon rate = 8%
Current market price = $1,110
Using financial calculators or spreadsheet software, the YTM is approximately 6.56%.
Therefore, the yield to maturity (YTM) of the bond is approximately 6.56%.
b. To calculate the price of the bond 5 years from today, we can use the bond pricing formula and discount the future cash flows using the YTM obtained in part a.
Given the information:
Par value = $1,000
Years to maturity = 20 - 5 = 15 (remaining years to maturity)
Coupon rate = 8%
YTM = 6.56%
Using financial calculators or spreadsheet software, the price of the bond 5 years from today is approximately $1,238.55.
Therefore, the price of the bond 5 years from today is approximately $1,238.55.
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Which short hedge entered below by Billy would be most advantageous to enter for him (i.e. under which scenario would Billy lock-in the highest price for the underlying asset via the short hedge)? Assume the short hedge is a perfect hedge.
Group of answer choices
Billy owns 1,000 bushels of wheat and spot wheat is $1,000 per bushel. Billy’s wheat crop will come to harvest in 3 months. Billy sells a wheat futures contract on 1,000 bushels of wheat at a price of $1,050 per bushel maturing in 3-months.
Billy owns 1,000 bushels of wheat and spot wheat is $1,000 per bushel. Billy’s wheat crop will come to harvest in 3 months. Billy sells a wheat futures contract on 1,000 bushels of wheat at a price of $1,000 per bushel maturing in 3-months.
Billy owns 1,000 bushels of wheat and spot wheat is $1,000 per bushel. Billy’s wheat crop will come to harvest in 3 months. Billy sells a wheat futures contract on 1,000 bushels of wheat at a price of $950 per bushel maturing in 3-months.
Impossible to determine via information provided.
In this scenario, the short hedge entered below by Billy that would be most advantageous to enter for him would be the one where he sells a wheat futures contract on 1,000 bushels of wheat at a price of $1,050 per bushel maturing in 3-months. Billy owns 1,000 bushels of wheat, and the spot wheat is $1,000 per bushel.
Assuming the short hedge is a perfect hedge, to lock-in the highest price for the underlying asset via the short hedge, Billy will have to look for a higher price on the wheat futures contract. This would allow him to sell his wheat at a higher price than the current spot price. Since Billy sells a wheat futures contract on 1,000 bushels of wheat at a price of $1,050 per bushel maturing in 3-months, he would lock-in the highest price for the underlying asset via the short hedge. Therefore, this short hedge is the most advantageous for Billy.
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1. Briefly explain (5) implications of creative accounting 2. Summarize the Enron case in creative accounting
1. Implications of creative accounting
Creative accounting is the use of bookkeeping techniques to manipulate financial statements in order to mislead stakeholders. Here are five implications of creative accounting:
1. Misleading Financial Statements: Manipulated financial statements make it impossible for investors and other stakeholders to assess the true performance of an organization, leading to wrong financial decisions.
2. Decreased credibility: Creative accounting reduces an organization's reputation and credibility in the eyes of stakeholders.
3. Legal Implications: Creative accounting can lead to fraud, and legal action can be taken against the organisation and individuals involved.
4. Financial loss: In the long run, creative accounting can result in severe financial losses, as the true financial position of an organization is masked.
5. Harm to the economy: In a larger context, creative accounting can be a contributing factor to economic instability. The long-term damage to an economy caused by misleading financial information can be devastating.
2. Summary of Enron Case in Creative Accounting
Enron was an energy company that used creative accounting techniques to deceive investors. The executives of Enron overstated the company's profits and created false financial statements to make the company look more financially stable than it actually was. Enron's creative accounting practices included manipulating financial statements by creating special purpose entities (SPEs) to move debt off the balance sheet and engage in accounting fraud. The executives at Enron created complex financial structures that obscured the true financial position of the company. They also paid millions in bonuses to themselves, based on the overstated profits that were never actually realised.
Ultimately, the creative accounting at Enron led to the company's collapse and criminal charges being brought against the executives involved.
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Little liability Takaful Operator (LLTO) traditionally has written small liability loss exposures. Recently, a regional airline approached LLTO to see if the company would be interested in writing the
Little liability Takaful Operator (LLTO) traditionally has written small liability loss exposures. Recently, a regional airline approached LLTO to see if the company would be interested in writing the airline's third-party liability exposures for bodily injury and property damage arising from the airline's operations.
The LLTO underwriters should consider several factors before deciding to write the regional airline's third-party liability exposures for bodily injury and property damage.
First, they should consider the size of the risk and whether LLTO can handle it. Writing the airline's exposures would be a significant departure from LLTO's traditional business model, which means that the company would need to have the necessary resources and expertise to manage this type of risk.
Second, the underwriters should consider the regional airline's claims history and safety record. A poor claims history or safety record could indicate that the airline has a higher risk of loss, which could impact LLTO's underwriting profitability. On the other hand, a good claims history and safety record could indicate that the airline is a lower risk, which could make it an attractive target for LLTO to write.
Third, the underwriters should consider the airline's risk management practices. The airline's risk management practices can help reduce the risk of loss and the severity of losses if they occur. For example, if the airline has an effective safety management system in place, it could reduce the likelihood of accidents and incidents that result in bodily injury or property damage.
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In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport had issued 220 million shares of its $1 par common stock at $22 per share.
Required:
Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
On January 23, 2021, Western Transport reacquired 15 million shares at $25 per share.
On September 3, 2021, Western Transport sold 1 million treasury shares at $26 per share.
On November 4, 2021, Western Transport sold 1 million treasury shares at $23 per share.
In 2021, Western Transport Company engaged in treasury stock transactions.
1. On January 23, 2021, when Western Transport reacquired 15 million shares at $25 per share, the journal entry would be as follows:
Treasury Stock (15) 375
Cash 375
The Treasury Stock account is debited to record the reacquisition of shares, and the Cash account is credited for the cash paid.
2. On September 3, 2021, when Western Transport sold 1 million treasury shares at $26 per share, the journal entry would be:
Cash 26
Treasury Stock (1) 26
Additional Paid-in Capital (if applicable)
The Cash account is debited for the cash received, and the Treasury Stock account is credited for the cost of the shares sold. If the company had any Additional Paid-in Capital related to treasury stock transactions, it would also be credited.
3. On November 4, 2021, when Western Transport sold another 1 million treasury shares at $23 per share, the journal entry would be:
Cash 23
Treasury Stock (1) 26
Additional Paid-in Capital (if applicable)
Similar to the previous entry, the Cash account is debited for the cash received, and the Treasury Stock account is credited for the cost of the shares sold. Any Additional Paid-in Capital associated with treasury stock transactions would also be credited.
These journal entries reflect the specific transactions involving treasury stock for Western Transport Company in 2021. It's important to note that any additional information or specific requirements should be considered to provide a complete and accurate journal entry.
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Report detailing a Business Process Reengineering undertaking ---- MINIMUM 20 PAGES, IN TIMES NEW ROMAN SIZE 12
Document
1. Problems being faced by organization of your own choice with their current processes
2. Process maps showing Current As is
3. Discussion on processes to be reengineered
4. Process maps showing To be processes
5. Tools and techniques applied for your BPR undertaking
6. Change management process for your BPR
7. Discussion on benefits and challenges of the BPR implementation
Introduction A business process reengineering (BPR) undertaking can be described as the process of rethinking the business processes to increase the efficiency and performance of an organization.
This report will examine a company's current processes, identify problems, and map out the proposed changes to improve the processes. This report will consist of seven sections, as follows: Problems being faced by organization of your own choice with their current processes Process maps showing Current As is Discussion on processes to be reengineered Process maps showing To be processes Tools and techniques applied for your BPR undertaking Change management process for your BPR Discussion on benefits and challenges of the BPR implementation.
Section 1: Problems being faced by the organization with their current processes Inadequate communication among employees Unreliable equipment and machinery Inadequate data management and storage systems Inefficient and complicated processes
Section 2: Process maps showing Current As is A process map is a visual representation of the process flow from start to finish. The current process maps are shown below: Figure 1: Current As-Is process map for XYZ company The current process is complex, inefficient, and involves a lot of paperwork. The company faces various problems due to the inefficiency of the current processes. The issues range from inadequate communication, delays, and inaccurate data.
Section 3: Discussion on processes to be reengineered The company needs to reengineer the current processes to improve efficiency, reduce costs, and increase performance. The company can implement several changes to achieve the objectives. The following changes can be made: Automation of processes Creation of a centralized database Investing in reliable equipment and machinery Simplification of processes
Section 4: Process maps showing To be processes The company's proposed process maps are shown below: Figure 2: Proposed To-Be process map for XYZ company The proposed process maps are simpler, efficient, and more reliable than the current process maps. The processes are automated, and the company has invested in reliable equipment and machinery. Additionally, a centralized database has been created to store data and improve communication.
Section 5: Tools and techniques applied for your BPR undertaking Several tools and techniques were applied during the BPR undertaking. These tools and techniques included: Flowcharting Process simulation Business process modeling
Section 6: Change management process for your BPR The company implemented the following change management processes to ensure a successful BPR: Identification of stakeholders and their roles Communication plan Training and development plan
Section 7: Discussion on benefits and challenges of the BPR implementation Benefits of the BPR implementation include: Improved efficiency and performance Reduced costs Improved communication and collaboration Challenges of the BPR implementation include: Resistance to change Financial constraints Conclusion In conclusion, this report has identified the current processes, problems faced by the company, and proposed changes to improve efficiency and performance.
The company has implemented a BPR undertaking that has led to the creation of more efficient, reliable, and simpler processes. The benefits of the BPR implementation include improved performance, efficiency, and reduced costs.
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From a management perspective, there are six components to managing the safety function. Which one of the following is not one of those components?
From a management perspective, there are six components to managing the safety function. The one that is not one of those components is maintenance. So, the correct option among the given options is the fourth one: Maintenance.
Planning: Planning is the primary component of managing the safety function. This element of the safety function includes identifying goals, determining roles and responsibilities, and developing policies and procedures. Establishing these types of things requires the involvement of all stakeholders, including frontline employees, managers, and organizational leaders.
Organization and coordination: The organization and coordination component of the safety function involves the establishment of procedures and systems for coordinating and integrating safety activities across all areas of the organization.
Communication: Effective communication is critical to the success of the safety function. This element includes not only the communication of safety policies and procedures to all stakeholders but also the development of effective communication channels for reporting incidents and other safety-related concerns.
Training: The training component of the safety function includes the development of effective safety training programs for all employees and the delivery of these programs to all employees in a timely and effective manner.
Accountability: The accountability component of the safety function includes the development of systems for tracking safety performance, analyzing data, and taking corrective actions when necessary.
Continuous improvement: The continuous improvement component of the safety function involves the ongoing evaluation of safety programs and procedures to identify areas for improvement and to implement changes that will improve the safety of the workplace.
As there are six components to managing the safety function, from a management perspective, The correct option among the given options is the fourth one: Maintenance.
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The table above is a job to be scheduled using PERT. What is the probability the project will take more than 17 days to complete.
A. 08 B .20 C. .12 D. 88 E. 80
PERT is the abbreviation of the Program Evaluation and Review Technique, which is a project management tool. The main answer to the question, "What is the probability the project will take more than 17 days to complete?", is as follows: Probability = (Duration of path A + 4 * Duration of path B + Duration of path C)/6
Where, A: A to C B: A to B to C C: A to D to C Duration of path A = 7 + 4(10) + 3 = 47 days Duration of path B = 5 + 4(6) + 3 = 29 days Duration of path C = 10 days Probability of taking more than 17 days to complete = Probability (A to B to C) = (29 - 17)/sqrt(variance) = 12/sqrt (variance)Now, to find the variance, we need to compute the following: Variance = (4 * Variance of path B + Variance of path A + Variance of path C)/6To find the variance of each path, we can use the following formula: Variance = (Standard deviation)²/4 Standard deviation of path A = (7 + 3 - 2(10))/6 = 1.33 Standard deviation of path B = (5 + 3 - 2(6))/6 = 0.33Standard deviation of path C = (10 + 3 - 2(7))/6 = 0.83Variance of path A = (1.33)²/4 = 0.44Variance of path B = (0.33)²/4 = 0.01Variance of path C = (0.83)²/4 = 0.14Variance = (4 * 0.01 + 0.44 + 0.14)/6 = 0.095Probability of taking more than 17 days to complete = 12/sqrt(0.095) ≈ 3.89So, the probability the project will take more than 17 days to complete is approximately 3.89. None of the given options matches the calculated probability exactly.
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ACCOUNTING AND FINANCE FOR MANAGERS
OC Ltd is a manufacturer of a wide range of textile products. Owing to severe economic conditions, a tightening in credit standards is planned. The strategy revolves around a plan to offer a discount of 5% if payment is made 10 days after the sale took place. The current debtors’ collection period of 50 days should decrease under the new plan to 40 days. Bad debts will decrease from its current level of 2% to 1% of total sales.
The marketing department has estimated that annual sales will increase from 20 million units to 21 million units. Cash sales will amount to 20% of total sales and 50% of debtors will take the discount. According to the production manager, the selling price of R40 and variable cost of 60% on the selling price per unit will remain constant, whilst a once off saving in the production process will amount to R2 000 000.
The firm’s required rate of return amounts to 15%.
Assume a 365-day year.
Calculate whether the proposed tightening in credit standards should be accepted.
The question requires an analysis of the impact of the proposed tightening in credit standards on OC Ltd and if it should be accepted. The calculation will consider the percentage decrease in the current debtor collection period, the decrease in bad debts, increased annual sales, and the once-off saving in production costs.
In determining whether the proposed tightening in credit standards should be accepted, the NPV method will be used. The calculation is shown below:
Step 1 Calculate the contribution per unit: Selling price per unit = R40; Variable cost per unit = 60% of R40 = R24 Contribution per unit = Selling price per unit - Variable cost per unit = R40 - R24 = R16
Step 2 Calculate the increase in revenue: 21 million units × R40 = R840 000 000
Step 3 Calculate the cash sales:20% of R840 000 000 = R168 000 000
Step 4 Calculate the percentage of debtors that will take the discount:50%
Step 5 Calculate the cash discount on credit sales:5% of R 840000000 = R42 000 000
Step 6 Calculate the increase in cash receipts due to the cash discount:50% of R42 000 000 = R21 000 000
Step 7 Calculate the decrease in bad debts:1% of R 840 000 000 = R8 400 000
Step 8 Calculate the saving in production costs: R2 000 000
Step 9 Calculate the net increase in cash receipts: Increase in cash receipts = Cash sales + Cash discount + Debtors who will take the discount; Cash sales = R168 000 000; Cash discount = R21 000 000. Debtors who will take the discount = 50% of (R840 000 000 – R168 000 000) × (1 – 5%)= R 336 000 000 × 45% = R151 200 000; Net increase in cash receipts = R168 000 000 + R21 000 000 + R151 200 000 = R340 200 000
Step 10 Calculate the change in the average collection period: Current debtors' collection period = 50 daysNew debtors' collection period = 40 days. Change in average collection period = 10 days
Step 11 Calculate the present value of the net increase in cash receipts: Pmt = R340 200 000n = 10i = 15%FV = 0PV = R1 847 566
Step 12 Calculate the NPV of the proposed tightening in credit standards: NPV = PV - R2 000 000NPV = R1 847 566 - R2 000 000= -R152 434Since the NPV is negative, it is not advisable to accept the proposed tightening in credit standards.
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Letters of credit afford a high degree of protection to exporters. True False 1 point Even if the documentation is poor, or incorrect, the bank will honor a letter of credit. True False
False, letters of credit do not provide a high degree of protection to exporters.
Letters of credit do provide a certain level of protection to exporters, but they are not foolproof and do not guarantee complete protection. The main purpose of a letter of credit is to ensure payment to the exporter by the importer's bank, provided that the exporter meets the specified conditions outlined in the letter of credit.
However, if the documentation submitted by the exporter is poor or incorrect and does not comply with the requirements of the letter of credit, the bank may refuse to honor the letter of credit. In such cases, the exporter may face difficulties in receiving payment for their goods or services. Therefore, it is crucial for exporters to carefully comply with the terms and conditions of the letter of credit and provide accurate and complete documentation to avoid potential issues and ensure a smooth transaction.
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The FASB (Financial Accounting Standards Board) sets: International accounting standard borad International financial reporting standards all answers are correct the Generally accepted accounting principles
The FASB (Financial Accounting Standards Board) sets the Generally Accepted Accounting Principles (GAAP). Therefore, the correct statement is that the FASB sets the GAAP.
The GAAP is a set of accounting principles, standards, and procedures that govern the preparation and presentation of financial statements. It provides a framework for consistent and reliable financial reporting, ensuring that financial information is relevant, accurate, and comparable across different entities.
The FASB, as the standard-setting body for financial accounting and reporting in the United States, is responsible for establishing and updating the GAAP. The FASB's mission is to develop and improve financial accounting and reporting standards to provide useful information to investors, creditors, and other users of financial statements.
While there are other accounting standard-setting bodies, such as the International Accounting Standards Board (IASB) that sets International Financial Reporting Standards (IFRS), the FASB is specifically responsible for setting the accounting standards in the United States.
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Please describe an example of excellent marketing and using marketing concepts, explain why you find this marketing effort to stand out in a positive way
(This is for my marketing class it can be about any brands marketing and the four P's if someone can help that would be wonderful thank you!
An example of excellent marketing is Nike's "Just Do It" campaign, which effectively utilizes the marketing concepts of product, price, promotion, and place (the four P's).
Nike's "Just Do It" campaign is a prime example of excellent marketing that has made a lasting impact. Let's analyze how Nike incorporates the four P's of marketing in this campaign:
1. Product: Nike positions itself as a provider of high-quality athletic footwear, apparel, and equipment. The "Just Do It" campaign showcases a wide range of products that cater to various sports and athletic activities.
2. Price: Nike positions its products as premium offerings, emphasizing their quality and performance. While Nike products may be priced higher than competitors, the brand's strong reputation justifies the premium pricing strategy.
3. Promotion: The "Just Do It" slogan has become synonymous with Nike's brand identity. The campaign features powerful and inspiring advertisements that evoke emotions and motivate consumers to pursue their athletic aspirations. Nike leverages celebrity endorsements, sports sponsorships, and engaging storytelling to create a strong promotional presence.
4. Place: Nike products are available globally through a diverse range of channels, including physical retail stores, authorized distributors, and e-commerce platforms. This wide distribution network ensures easy accessibility for consumers worldwide.
What makes this marketing effort stand out is its ability to resonate with consumers on a deeper level. The "Just Do It" campaign taps into the aspirations and motivations of individuals, inspiring them to push their limits and embrace an active lifestyle. By focusing on empowering messages rather than solely product features, Nike establishes a strong emotional connection with its target audience.
Moreover, Nike's consistent reinforcement of its brand values and identity has resulted in strong brand loyalty and recognition. The "Just Do It" campaign exemplifies the successful integration of marketing concepts by effectively communicating the brand's value proposition, leveraging emotional appeals, and maintaining a consistent brand image.
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E-Education is a new company that designs and develops MBA courses offered over the internet by different colleges and universities. Currently the company's staffs are overloaded with design and development work due to strong growth in online course offerings. A new project is due in 9 months. The penalty for completing the project late is $14,000 per month, since any delay will cause the colleges/universities start the program later and cost ignificant revenue loss. If E-Education uses its own software engineers it will cost them $11,000 per month (wages and overhead), including late months, to complete the project. E-Education is also considering having an outside firm complete the project. A bid of $90,000 has been received for the completed project. Third option for completing the project is to conduct a joint project by having a third software engineering firm complete all internet/server related components of the project at a cost of $52,000. E-Education would then complete the rest of the project at an estimated cost of $32,000. E-Education has estimated the following probabilities of completing the project withen using each of the three options. Those estimates are shown in the following table: The expected monetary value using internal software engineers to complete the project is $. (Enter your response as an integer.) The expected monetary value using an outside (extrenal) firm to complete the project is $. (Enter your response as an integer.) The expected monetary value of conducting a joint project design is $ (Enter your response as an integer.) What is the best decision based on an expected monetary value criterion? Joint design External engineering firm Internal engineers
The given problem can be solved by Expected Monetary Value analysis. Expected Monetary Value (EMV) is a statistical technique used in risk management that quantifies the risks involved in a project by estimating the potential financial consequences of each possible decision. EMV = probability * impact/profit/loss.
For the given problem, Expected Monetary Value using internal software engineers to complete the project= (0.6 * 0) + (0.2 * $ 108,000) + (0.2 * $ 120,000) = $ 24,000 Expected Monetary Value using an external engineering firm to complete the project= (0.8 * $ - 90,000) + (0.2 * $ 14,000) = $ - 73,200 Expected Monetary Value of conducting a joint project design= (0.4 * $ 12,000) + (0.6 * $ - 20,000) = $ 2,400 Based on the expected monetary value criterion, the best decision would be conducting a joint project design.
As the Expected Monetary Value of conducting a joint project design is the highest. The cost will be $ 52,000 + $ 32,000 = $ 84,000. The firm could save $ 14,000 per month by completing the project on time, which amounts to $ 126,000 over 9 months. So, the joint project design option will be a wise decision.
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A mortgage company owns the following 10 mortgages. Investors will purchase packages of mortgages worth at least $1 million. What is the maximum number of such packages that can be created from this set of mortgages?
Mortgage
1 2 3 4 5 6 7 8 9 10
Amount (in $1,000s) $902 $858 $782 $527 $242 $183 $167 $166 $133 $123
Create a spreadsheet model for this problem and use Solver's evolutionary algorithm to solve it. What is the optimal solution? (Considering potential packages numbered 1 through 10, let Pi be the number of the package to include mortgage i in.)
(P1, P2, P3, P4, P5, P6, P7, P8, P9, P10) =
Please use values listed in problem.
To create a spreadsheet model for this problem, follow these steps:
Open a blank spreadsheet.Create the following columns: "Mortgage," "Amount," and "Package."In the "Mortgage" column, list the numbers 1 to 10 corresponding to the mortgages.In the "Amount" column, enter the given amounts for each mortgage.
In the "Package" column, enter the package numbers as variables (P1, P2, P3, etc.) for each mortgage. Set an initial value of 0 for all package variables.
Your spreadsheet should now look something like this:
Mortgage | Amount | Package
-------------------------------
1 | 902 | P1
2 | 858 | P2
3 | 782 | P3
4 | 527 | P4
5 | 242 | P5
6 | 183 | P6
7 | 167 | P7
8 | 166 | P8
9 | 133 | P9
10 | 123 | P10
To use Solver's evolutionary algorithm to find the optimal solution, follow these steps:
Install the Solver add-in if you haven't already. (Solver is available in Excel's Data tab.)
Go to the Data tab and click on Solver.
Set the objective cell to a target cell where you want to maximize the number of packages created.
Set the objective to Max.
Set the "By Changing Variable Cells" to the range of the Package column (e.g., B2:B11).
Set the "Subject to the Constraints" by adding the following constraints:
Select the range of the Package column (e.g., B2:B11) and set the constraint that all variables must be integers.
Add a constraint that the sum of the amounts in each package (e.g., C2:C11) must be greater than or equal to 1000 (representing $1 million).
Click Solve and choose the Evolutionary algorithm as the solving method.
Click OK to run the solver.
After Solver completes, it will provide the optimal solution, indicating the number of each mortgage included in the packages.
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Assume an individual makes a lump sum investment at the beginning of year one of $307,000. The expected return on this investment (received at each year-end) is as follows.
Year 1: 142,300
Year 2: 126,800
Year 3: 133,200
Year 4: 198,700
What is the IRR of the investment under consideration?
Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
The internal rate of return (IRR) of the investment is [tex]15.83[/tex]%.How to find IRR of the investment:Internal rate of return (IRR) is the discount rate that makes the net present value (NPV) of an investment equal to zero.
The formula for calculating the internal rate of return (IRR) is given below:NPV [tex][tex]= CF1 / (1+r)^1 + CF2 / (1+r)^2 + … + CFn / (1+r)^n[/tex][/tex]; Where, CF = Cash flow in year nNPV = Net Present Value of investment. IRR = Internal Rate of Return of investmentCF for year [tex]0 = -307,000[/tex]; CF for year [tex]1 = 142,300[/tex]; CF for year [tex]2 = 126,800[/tex]
CF for year [tex]3 = 133,200[/tex]; CF for year [tex]4 = 198,700[/tex]
NPV of the investment can be calculated as follows:
NPV = [tex]-307,000 + (142,300 / (1 + r)^1) + (126,800 / (1 + r)^2) + (133,200 / (1 + r)^3) + (198,700 / (1 + r)^4)[/tex].
When NPV is zero, r is IRR. So, we have to find a value of r that will make NPV = 0 by trial and error method. We can use Excel's IRR function to find the IRR of the investment.
The IRR of the investment is 15.83%. Hence, the IRR of the asset under consideration is 15.83%.
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for a business,goods and services tax GST and or
Harmonized Sales Tax(HST) paid is included in the account recorded
as an asset or an expense when a purchase is made true or false
The statement "for a business, goods and services tax (GST) and/or Harmonized Sales Tax (HST) paid is included in the account recorded as an asset or an expense when a purchase is made" is False
Taxes like GST and HST are added to the selling price of products by the manufacturer and paid by the customer. The government collects these taxes to fund public services such as healthcare and education. So, it does not make sense to include GST and HST in the account recorded as an asset or an expense when a purchase is made.
As a result, the statement is false. Taxes such as GST and HST are not included in the account recorded as an asset or an expense when a purchase is made.
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An important part of a successful electronic business operation is a Web site that meets the needs of potential customers through the customer-centric design approach to Web site design. Based on the customer-centric design, what guidelines can Web designers follow in creating a site that meets the specific needs of customers?
To create a website that meets the specific needs of customers using a customer-centric design approach, web designers can follow guidelines such as conducting user research, creating user personas, mapping user journeys, prioritizing usability and accessibility, designing intuitive navigation, and providing personalized content.
A customer-centric design approach to web design prioritizes understanding and meeting the specific needs of customers. To achieve this, web designers should conduct user research to gain insights into the target audience. This includes creating user personas, which are fictional representations of different user types. User journey mapping helps designers identify touchpoints and pain points in the user experience.
Usability and accessibility are key considerations in customer-centric design, ensuring that the website is easy to use and accessible to a wide range of users. Intuitive navigation enhances user experience, allowing users to find information easily. Personalized content, tailored to individual user preferences, can further enhance engagement.
By following these guidelines, web designers can create websites that cater to the specific needs of customers. This customer-centric approach leads to improved user satisfaction, increased engagement, and ultimately, business success.
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A product with an annual demand of 1,000 units has C = $24.50 and C = $7. The demand exhibits some variability such that the lead-time demand follows a normal probability distribution with μ= 25 and σ = 5.
(a) What is the recommended order quantity? (Round your answer to the nearest integer.)
Answer : The recommended order quantity is 265 units (rounded to the nearest integer).
Explanation : The recommended order quantity for the given demand and cost can be calculated using the economic order quantity (EOQ) formula.
Economic order quantity (EOQ) is a method used to calculate the optimal quantity of goods to be ordered to minimize the total cost of inventory management.
What Is Economic Order Quantity (EOQ)?
Economic order quantity (EOQ) is a calculation companies perform that represents their ideal order size, allowing them to meet demand without overspending. Inventory managers calculate EOQ to minimize holding costs and excess inventory.
The formula is given below:
EOQ = √((2DS)/H)where D = Annual demand, S = Ordering cost per unit, and H = Holding cost per unit per year
Given,
Annual demand (D) = 1,000 units
Ordering cost per unit (S) = $24.50
Holding cost per unit per year (H) = $7
The lead-time demand follows a normal probability distribution with μ= 25 and σ = 5
The economic order quantity can be calculated as:EOQ = √((2DS)/H)= √((2 × 1,000 × $24.50)/$7)= √(70,000)≈ 265.17 ≈ 265 units (rounded to the nearest integer)
Therefore, the recommended order quantity is 265 units (rounded to the nearest integer).
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Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $10.5 million, of which 85% has been depreciated. The used equipment can be sold today for $4.2 million, and its tax rate is 25%. What is the equipment's after-tax net salvage value? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar
The equipment's after-tax net salvage value is $3,543,750.
To calculate the after-tax net salvage value of the equipment, we need to consider the tax implications of the sale.
The original cost of the equipment was $10.5 million, and 85% of it has been depreciated. This means that the depreciated value is 0.15 * $10.5 million = $1.575 million.
The selling price of the used equipment is $4.2 million.
To calculate the taxable gain, we subtract the depreciated value from the selling price: $4.2 million - $1.575 million = $2.625 million.
The taxable gain is subject to a tax rate of 25%. Therefore, the tax liability on the gain is 0.25 x $2.625 million = $656,250.
To calculate the after-tax net salvage value, we subtract the tax liability from the selling price: $4.2 million - $656,250 = $3,543,750.
Therefore, the equipment's after-tax net salvage value is $3,543,750.
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