The main difference between punctuated changes and gradualist changes is the rate at which they occur. Punctuated changes happen quickly and abruptly, while gradualist changes occur slowly over time. These two types of changes are related to different topologies.
Punctuated changes are associated with a topology known as "saltation," which involves sudden, large-scale changes. An example of this type of change in an MRO organization would be the sudden implementation of a new technology that significantly alters the way the organization operates.
Gradualist changes, on the other hand, are associated with a topology known as "gradualism," which involves small, incremental changes over time. An example of this type of change in an MRO organization would be the gradual adoption of new tools or techniques that improve efficiency and productivity over time.
Understanding the different topologies of change and how they are related to punctuated and gradualist changes can help organizations to better plan for and manage change.
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1. honor the agreement, trusting the burris's rehabilitation is complete on all levels and that he is now ready for responsible position. Give him a good recommendation.
2. contact the vice president of sales and ask him to release you from the agreement or to give the reference himself. After all, he's the one who made the agreement. You don't want to lie.
3 without mentioning specifics give Burris unenthusiastic reference such as you hope the other HR director can read between the lines and believe that Burgess will be a poor choice.
It is important to consider the ethical implications of each option and choose the one that is most fair to all parties involved. Here is a breakdown of each option:
1. Honor the agreement, trusting that Burris's rehabilitation is complete on all levels and that he is now ready for a responsible position. Give him a good recommendation.
This option may be appropriate if you have seen evidence of Burris's rehabilitation and believe that he is truly ready for a responsible position. However, if you have doubts about his readiness, it may not be ethical to give him a good recommendation simply because of the agreement. It is important to consider the potential consequences for the company and other employees if Burris is not ready for the position.
2. Contact the vice president of sales and ask him to release you from the agreement or to give the reference himself. After all, he's the one who made the agreement. You don't want to lie.
This option may be appropriate if you do not feel comfortable giving a good recommendation for Burris but also do not want to break the agreement. By asking the vice president of sales to release you from the agreement or give the reference himself, you are respecting the agreement while also being truthful. However, it is important to consider the potential consequences for Burris if the vice president of sales gives a negative reference.
3. Without mentioning specifics, give Burris an unenthusiastic reference, such as "I hope the other HR director can read between the lines and believe that Burris will be a poor choice."
This option may be appropriate if you do not feel comfortable giving a good recommendation for Burris but also do not want to break the agreement or involve the vice president of sales. However, it is important to consider the potential consequences for Burris if the HR director reads between the lines and believes that he will be a poor choice. It may also be unethical to give an unenthusiastic reference without providing specific reasons.
In conclusion, it is important to consider the ethical implications of each option and choose the one that is most fair to all parties involved. It may be helpful to consult with an HR professional or seek legal advice before making a decision.
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Define the Organization Culture and describe its characteristics and importance in any organization? i need it detailed please and thanks !
Organization Culture refers to the beliefs, values, attitudes, and behaviors that are shared by members of an organization. It is the set of norms and practices that shape the way an organization operates and how its members interact with each other.
The characteristics of Organization Culture include:
- Shared values and beliefs: Members of an organization have a common set of values and beliefs that guide their actions and decisions.
- Norms and practices: There are established ways of doing things within an organization that are followed by all members.
- Language and communication: Members of an organization use a common language and communication style to interact with each other.
- Leadership and management style: The way leaders and managers operate within an organization reflects its culture.
- Symbols and rituals: Organizations may have specific symbols and rituals that are used to reinforce their culture.
The importance of Organization Culture cannot be overstated. It affects every aspect of an organization, from its performance and productivity to the satisfaction and retention of its employees. A strong and positive culture can help an organization achieve its goals and attract and retain top talent. On the other hand, a negative or toxic culture can lead to high turnover, low morale, and poor performance.
In conclusion, Organization Culture is a critical aspect of any organization and has a significant impact on its success. It is important for organizations to understand their culture and work to create a positive and supportive environment for their employees.
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33) At an annual interest rate of 7%, the future value of $5000
in five years is closest to:
A) $3565.
B) $6750.
C) $7015.
D) $7035.
The future value of $5000 at an annual interest rate of 7% in five years is closest to C) $7015.
To calculate this, use the formula for future value of a present amount: FV = P * (1 + r)^t, where FV is the future value, P is the present value, r is the interest rate, and t is the number of years.
Plugging in the given values, we get:
FV = 5000 * (1 + 0.07)^5
FV = 5000 * (1.35)
FV = $7015
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The directors of Solar Panels Southern Hemisphere Pty Ltd (SPSH), a manufacturer of solar products agreed to sell the business to a competitor, Climate Change Solutions International Ltd (CCSI). The financial statements of Solar Panels Southern Hemisphere Pty Ltd at 1 July 2020 contained the following information:
Assets Current assets
Cash 18,750
Accounts receivable 38,000
Inventories 250,000
Total current assets 306,750
Non-current assets Vehicles 112,000
Accumulated depreciation 18,000
Machinery 1,500,000
Accumulated depreciation 850,000
Buildings 2,100,000
Accumulated depreciation 210,000
Land 750,000
Product Development costs 256,000
Total non-current assets 3,640,000
Total assets 3,946,750
Liabilities
Accounts payable 178,000
Other payables 55,000
Provisions 250,000
Loans 2,200,000
Total liabilities 2,683,000
Equity
Share capital - 50,000 shares 102,000
Retained earnings 1,161,750
Total equity 1,263,750
An agreement was made whereby CCSI takes over SPSH to acquire all the assets and liabilities of SPSH, except for the cash, motor vehicles and accounts payable. In exchange, CCSI will give the shareholders of SPSH a block of land valued at $400,000, a motor vehicle valued at $45,400 and current shareholders will receive shares in CCSI worth $50 per share. The land is carried at a cost of $250,000 while the motor vehicle is carried at $39,000, comprising the cost of $54,000 and accumulated depreciation of $15,000. CCSI will also provide sufficient additional cash to enable SPSH to pay off the accounts payable and the liquidation expenses of $10,000.
CCSI recognised the brand ‘Solar Panels Southern Hemisphere’ that was not recognised in the records of SPSH as it was an internally developed brand. It was calculated that this brand had a fair value of $500,000. CCSI also incurred legal and valuation costs of $7,500 in undertaking the business combination.
The assets and liabilities of SPSH are recorded at amounts equal to fair value except for the following:
Fair Value
Land 1,200,000
Buildings 2,500,000
Machinery 900,000
Inventories 290,000
Required:
Prepare the acquisition analysis in relation to the acquisition to determine the gain on bargain purchase or goodwill. (6 marks)
Prepare the journal entries in the records of CCSI to record its acquisition of SPSH on 30 June 2021. (9 marks)
The acquisition analysis in relation to the acquisition to determine the gain on bargain purchase or goodwill and journal entries in the records of CCSI to record its acquisition of SPSH on 30 June 2021 is provided below.
Based on the provided information, acquisition analysis is provided as:
Fair value of net assets acquired:
Current assets (excluding cash) = $38,000 + $250,000 = $288,000
Non-current assets (excluding vehicles) = $1,500,000 + $2,100,000 + $750,000 + $256,000 = $4,606,000
Adjustments for fair value:
Land = $1,200,000 - $750,000 = $450,000
Buildings = $2,500,000 - $2,100,000 = $400,000
Machinery = $900,000 - $1,500,000 = -$600,000
Inventories = $290,000 - $250,000 = $40,000
Total adjustments = $450,000 + $400,000 - $600,000 + $40,000 = $290,000
Total fair value of net assets acquired = $288,000 + $4,606,000 + $290,000 = $5,184,000
Consideration transferred:
Land = $400,000
Motor vehicle = $45,400
Shares = $50 * 50,000 = $2,500,000
Total consideration transferred = $400,000 + $45,400 + $2,500,000 = $2,945,400
Gain on bargain purchase = $5,184,000 - $2,945,400 = $2,238,600
Based on the provided information, journal entries are:
1. To record the acquisition of assets and liabilities:
Dr. Accounts receivable $38,000
Dr. Inventories $290,000
Dr. Machinery $900,000
Dr. Buildings $2,500,000
Dr. Land $1,200,000
Dr. Product development costs $256,000
Dr. Brand $500,000
Cr. Other payables $55,000
Cr. Provisions $250,000
Cr. Loans $2,200,000
Cr. Gain on bargain purchase $2,238,600
2. To record the consideration transferred:
Dr. Land $400,000
Dr. Motor vehicle $45,400
Dr. Share capital $2,500,000
Cr. Cash $2,945,400
3. To record the payment of accounts payable and liquidation expenses:
Dr. Accounts payable $178,000
Dr. Liquidation expenses $10,000
Cr. Cash $188,000
4. To record the legal and valuation costs:
Dr. Legal and valuation costs $7,500
Cr. Cash $7,500
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Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $6,000 is deposited initially at 9% annual interest for 7 years, and (2) determine the effective annual rate (EAR). Annual Compounding (1) The future value, FVn, is $ 10968.2. (Round to the nearest cent.) (2) If the 9% annual nominal rate is compounded annually, the EAR is 9 %. (Round to two decimal places.) Semiannual Compounding (1) The future value, FVn, is $ 9075.5. (Round to the nearest cent.)
The Annual Compounding of future value = $10968.2, EAR = 9%
The Semiannual Compounding of future value = $11242.0, EAR = 9.2%
The Quarterly Compounding of future value = = $11365.5, EAR = 9.38%
To answer this question, we need to calculate the future value (FVn) and effective annual rate (EAR) for each compounding period (annual, semiannual, and quarterly) using the formula FVn = P(1+r/n)^(nt) and EAR = (1+r/n)^(n)-1, where P is the initial deposit, r is the annual interest rate, n is the number of compounding periods per year, and t is the number of years.
Annual Compounding:
(1) FVn = 6000(1+0.09/1)^(1*7) = 6000(1.09)^7 = 10968.2 (Round to the nearest cent.)
(2) EAR = (1+0.09/1)^(1)-1 = (1.09)^1-1 = 0.09 = 9% (Round to two decimal places.)
Semiannual Compounding:
(1) FVn = 6000(1+0.09/2)^(2*7) = 6000(1.045)^14 = 11242.0 (Round to the nearest cent.)
(2) EAR = (1+0.09/2)^(2)-1 = (1.045)^2-1 = 0.092025 = 9.2% (Round to two decimal places.)
Quarterly Compounding:
(1) FVn = 6000(1+0.09/4)^(4*7) = 6000(1.0225)^28 = 11365.5 (Round to the nearest cent.)
(2) EAR = (1+0.09/4)^(4)-1 = (1.0225)^4-1 = 0.093807 = 9.38% (Round to two decimal places.)
In conclusion, the future value and effective annual rate for each compounding period are as follows:
Annual Compounding: FVn = $10968.2, EAR = 9%
Semiannual Compounding: FVn = $11242.0, EAR = 9.2%
Quarterly Compounding: FVn = $11365.5, EAR = 9.38%
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Ergo Unlimited’s current year’s free cash flow is $7 million. It is projected to grow at 20% per year for the next five years. It is expected to grow at a more modest 6% beyond the fifth year. The firm estimates that its cost of capital is 11% during the next five years and then will drop to 9% beyond the fifth year as the business matures. Estimate the firm’s current market value.
The firm's current market value is estimated to be $351.484 million. To estimate the firm's current market value, we need to calculate the present value of its future cash flows. We can do this using the formula:
Present value = Future cash flow / (1 + discount rate) ^ number of years
For the first five years, the future cash flow is $7 million growing at 20% per year, and the discount rate is 11%. For the years beyond the fifth year, the future cash flow is $7 million growing at 6% per year, and the discount rate is 9%.
The present value of the first five years' cash flows is:
Year 1: $7 million / (1 + 0.11) ^ 1 = $6.306 million
Year 2: ($7 million * 1.20) / (1 + 0.11) ^ 2 = $6.844 million
Year 3: ($7 million * 1.20 ^ 2) / (1 + 0.11) ^ 3 = $7.456 million
Year 4: ($7 million * 1.20 ^ 3) / (1 + 0.11) ^ 4 = $8.145 million
Year 5: ($7 million * 1.20 ^ 4) / (1 + 0.11) ^ 5 = $8.916 million
The present value of the cash flows beyond the fifth year is:
Year 6 and beyond: ($7 million * 1.20 ^ 5 * 1.06) / (0.09 - 0.06) = $313.817 million
The firm's current market value is the sum of the present values of its future cash flows:
$6.306 million + $6.844 million + $7.456 million + $8.145 million + $8.916 million + $313.817 million = $351.484 million
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Using a corporate example analyze the application of Vroomsexpectancy theory of motivation. OR what intrinsicmotivation you towards your career and personal goals ?
Vroom's Expectancy Theory of Motivation states that individuals are motivated to act when they believe their actions will lead to desirable outcomes. This theory posits that motivation is a function of three factors: expectancy, instrumentality, and valence. Expectancy refers to an individual's belief that their effort will lead to successful performance.
An example of the application of Vroom's Expectancy Theory in a corporate setting is a company offering bonuses to employees for meeting certain performance targets. The expectancy factor is present because employees believe that if they put in the effort, they will achieve the performance targets. The instrumentality factor is present because employees believe that if they achieve the performance targets, they will receive the bonus.
Intrinsic motivation is the drive to engage in an activity for its own sake, rather than for external rewards. For me, intrinsic motivation towards my career and personal goals comes from a desire to learn and grow, a sense of accomplishment, and a passion for what I am doing. For example, I am intrinsically motivated to pursue a career in a field that I am passionate about, even if it may not be the most financially rewarding.
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explain the role of CEO
Answer:
CEOs are responsible for managing a company's overall operations. This may include delegating and directing agendas, driving profitability, managing company organizational structure, strategy, and communicating with the board.
Why is it important to regularly monitor/ review implemented
treatment/s or controls of business risk against measures of
success? Give three reasons.
It is important to regularly monitor and review implemented treatments or controls of business risk against measures of success for the following reasons are Effectiveness, Compliance, Continuous Improvement.
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CalebCorp expects to pay the following dividends on its stock: $3.00 in year 1, $3.50 in year 2, zero dividends in year 3, and $4.50 in year 4. The company expects that dividends will grow at 6.5% annually thereafter. What will you pay for a share of CalebCorp stock if your required rate of return is 10%?
To find the price of a share of CalebCorp stock, we need to use the Dividend Discount Model (DDM). The DDM is a method used to value a company's stock based on the present value of its expected future dividends. The formula for the DDM is:
P0 = (D1 / (1 + r)^1) + (D2 / (1 + r)^2) + (D3 / (1 + r)^3) + ... + (Dn / (1 + r)^n)
Where:
P0 = the current stock price
D1, D2, D3, ... Dn = the expected dividends for each year
r = the required rate of return
Using the information provided in the question, we can plug in the values for the expected dividends and the required rate of return into the formula:
P0 = ($3.00 / (1 + 0.10)^1) + ($3.50 / (1 + 0.10)^2) + ($0.00 / (1 + 0.10)^3) + ($4.50 / (1 + 0.10)^4) + (($4.50 * 1.065) / (0.10 - 0.065)) / (1 + 0.10)^4
P0 = $2.73 + $2.89 + $0.00 + $3.09 + $82.99
P0 = $91.70
Therefore, the price you will pay for a share of CalebCorp stock is $91.70.
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The correct sequence of product life cycle is: A) Feasibility > Idea > Verification > Validation > Sales B) Idea > Feasibility > Verification > Validation > Sales C) Hypothesis > Feasibility > Verification > Validation > Sales D) Idea > Feasibility > Results> Validation > Sales
The correct sequence of the product life cycle is Idea > Feasibility > Verification > Validation > Sales.
The product life cycle is a process that products go through from the initial idea to the end of their sales.
Each stage is important in the development of a successful product.
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John was told that he owned 1.5% of the shares in the company -calculate the total number of issued shares in this company. -what was the market price of the shares when he this bought shares? john feels that he owns an insignificant percentage of shares and he wants to sell his shares. what advice would you give him? give three points
If John knows how many shares he owns, he can use that information to calculate the total number of issued shares.
What was the market price of the shares when he this bought shares?For example, if John owns 1.5% of the company and he owns 150 shares, he can use the following formula:
Total number of issued shares = Number of John's shares ÷ John's ownership percentage
Total number of issued shares = 150 ÷ 0.015 = 10,000
So, if John owns 150 shares in the company and he was told he owns 1.5% of the shares, then the total number of issued shares is 10,000.
Market price of the shares:
To determine the market price of the shares, John can check the stock market or financial news websites for the latest price of the company's shares. Alternatively, he can check with his broker or financial advisor who can provide him with the latest market price of the shares.
Advice on selling his shares:
Here are three points that John should consider before selling his shares:
a. Understand the reason for selling: Before selling his shares, John should ask himself why he wants to sell. Is it because he needs the money or does he no longer believe in the company's potential? Understanding the reason for selling can help him make a more informed decision.
Consider the tax implications: If John sells his shares at a profit, he will have to pay capital gains tax on the sale. He should consult with a tax professional to understand the tax implications of selling his shares.
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Differentiate between the terms Effectiveness & Efficiency
Answer:
Efficiency is defined as the ability to accomplish something with the least amount of wasted time, money, and effort or competency in performance. Effectiveness is defined as the degree to which something is successful in producing a desired result; success.
On June 30, 2018, Georgia-Atlantic, Inc. , leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $562,907 over a three-year lease term, payable each June 30 and December 31, with the first payment at June 30, 2018. Georgia-Atlantic’s incremental borrowing rate is 10%, the same rate IC used to calculate lease payment amounts. IC purchased the equipment from Builders, Inc. At a cost of $3 million. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. )
Georgia-Atlantic's present value of lease payments is PVL = $1,547,087.74. The fair value of the lease liability is FVL = $2,079,572.35.
Georgia-Atlantic's present value of lease payments (PVL) can be calculated using the Present Value of an Annuity Due of 1 factor with a present value of $1 from the tables provided. The formula for PVL is as follows:
PVL = [$562,907 x (1 - (1 + 10%)-3)/10%] x (1 + 10%)
PVL = $1,547,087.74
The fair value of the lease liability (FVL) for Georgia-Atlantic can be calculated using the Future Value of an Annuity Due of 1 factor with a future value of $1 from the tables provided. The formula for FVL is as follows:
FVL = [$562,907 x ((1 + 10%)3 - 1)/10%] x (1 + 10%)
FVL = $2,079,572.35
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Think of a product or service that you use regularly and describe what it is. Consider if you were an entrepreneur just starting up your own business to develop and sell that product. How would you go
The product that I use regularly is my smartphone.If I were an entrepreneur starting up my own business to develop and sell smartphones, I would first need to do market research to determine what features and specifications consumers are looking for in a smartphone.
It also allows me to access the internet, take pictures and videos, listen to music, and use a variety of other apps for productivity, entertainment, and more.
I would also need to analyze the competition to determine how I can differentiate my product from others on the market. Next, I would need to find a manufacturer and secure funding for the development and production of the smartphone. I would also need to develop a marketing strategy to promote the product and attract customers. Finally, I would need to focus on providing excellent customer service to ensure customer satisfaction and encourage repeat business.
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Your firm practices a strict residual dividend policy and maintains a capital structure of 25% debt and 75% equity. Net earnings for the year are $3 million.
a) What is the maximum amount of capital spending possible without new equity?
b) If planned investment outlays for the coming year are $3.6 million, will your firm be paying a dividend, and if so, how much will it be paying?
c) Based on planned investment outlays of $3.6 million, what are your firm's retention and dividend payout ratios?
d) If your firm's next annual dividend payment is expected to be $0.25 and your firm's current share price is $7.00, what is the dividend yield (correct to two decimal places)?
Your firm practices a strict residual dividend policy and maintains a capital structure of 25% debt and 75% equity. Net earnings for the year are $3 million.
a) The maximum amount of capital spending possible without new equity can be calculated by multiplying the net earnings by the percentage of equity in the capital structure. This gives us $3 million * 0.75 = $2.25 million. This means that the firm can spend up to $2.25 million on capital expenditures without raising new equity.
b) If planned investment outlays for the coming year are $3.6 million, the firm will need to raise additional funds to cover the difference between the maximum amount of capital spending without new equity ($2.25 million) and the planned investment outlays ($3.6 million). This difference is $3.6 million - $2.25 million = $1.35 million. Since the firm practices a strict residual dividend policy, it will not be paying a dividend.
c) Based on planned investment outlays of $3.6 million, the firm's retention ratio can be calculated by dividing the planned investment outlays by the net earnings. This gives us $3.6 million / $3 million = 1.2. The dividend payout ratio can be calculated by subtracting the retention ratio from 1. This gives us 1 - 1.2 = -0.2. This means that the firm is not paying a dividend and is instead retaining all of its earnings to fund the planned investment outlays.
d) If the firm's next annual dividend payment is expected to be $0.25 and the current share price is $7.00, the dividend yield can be calculated by dividing the annual dividend payment by the current share price. This gives us $0.25 / $7.00 = 0.0357. To express this as a percentage, we multiply by 100 and round to two decimal places. This gives us a dividend yield of 3.57%.
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Q18) You invest $1,585.00 at the beginning of every year and your friend invests $1,585.00 at the end of every year. If you both earn an annual rate of return of 3.99% , how much more money will you have after 29.0 years? (2 points)
money you will have after 29.0 years compared to your friend, is $4,996.81 more than your friend after 29.0 years.
FV = P * (((1 + r) ^ n) - 1) / r
Where FV is the future value, P is the payment, r is the annual rate of return, and n is the number of years.
For you, the formula would be:
FV = 1585 * (((1 + 0.0399) ^ 29) - 1) / 0.0399
FV = 1585 * (3.2655 - 1) / 0.0399
FV = 1585 * 2.2655 / 0.0399
FV = $90,456.36
For your friend, the formula would be:
FV = 1585 * (((1 + 0.0399) ^ 28) - 1) / 0.0399
FV = 1585 * (3.1426 - 1) / 0.0399
FV = 1585 * 2.1426 / 0.0399
FV = $85,459.55
So the difference between the two amounts is:
$90,456.36 - $85,459.55 = $4,996.81
Therefore, you will have $4,996.81 more than your friend after 29.0 years.
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You have been asked to perform a sensitivity analysis on a company's plan to modernize its facilities to determine the impact of possible errors in estimating the net annual savings. The initial investment in the modernization is $30,000. The expected net annual savings are $13,000. The salvage value is $7,000 after a planning horizon of seven years. MARR is 12% per year.a. Determine if the modernization is economically attractive based on the initial estimates and an Annual Worth (AW) analysis.
b. Determine the AW if the net annual savings change by the following percentages from the initial estimate: , , , , , .
c. Determine the percentage change in net annual savings that causes a reversal in the decision regarding the attractiveness of the project.
a) From the given credentials the AW is positive, the modernization project is economically attractive based on the initial estimates. b) if the net annual savings change by the following percentages from the initial estimate the AW will be $6,535.37 c) a decrease in net annual savings would cause a reversal in the decision regarding the attractiveness of the project.
a. The Annual Worth (AW) of the modernization project can be determined using the following formula:AW = (P/A, i, N) + (A/G, i, N) + (F/A, i, N)Where P is the initial investment, A is the net annual savings, G is the gradient, F is the salvage value, i is the MARR, and N is the planning horizon.Using the given values, the AW can be calculated as follows:AW = (-$30,000)(A/P, 12%, 7) + ($13,000)(A/A, 12%, 7) + ($7,000)(A/F, 12%, 7)AW = -$4,799.20 + $13,000 + $934.57AW = $9,135.37Since the AW is positive, the modernization project is economically attractive based on the initial estimates.
b. The AW can be determined for different percentages of change in net annual savings using the same formula as above, but with the new values of A. For example, if the net annual savings change by -20%, the new value of A would be $10,400 ($13,000 x 0.8). The AW can then be calculated as follows:AW = (-$30,000)(A/P, 12%, 7) + ($10,400)(A/A, 12%, 7) + ($7,000)(A/F, 12%, 7)AW = -$4,799.20 + $10,400 + $934.57AW = $6,535.37The same process can be repeated for the other percentages of change in net annual savings to determine the corresponding AW values.
c. The percentage change in net annual savings that causes a reversal in the decision regarding the attractiveness of the project can be determined by setting the AW equal to zero and solving for A.0 = (-$30,000)(A/P, 12%, 7) + A(A/A, 12%, 7) + ($7,000)(A/F, 12%, 7)0 = -$4,799.20 + A + $934.57A = $3,864.63The initial value of A is $13,000, so the percentage change in net annual savings that causes a reversal in the decision is:($3,864.63 - $13,000) / $13,000 x 100% = -70.27%Therefore, a decrease of 70.27% in net annual savings would cause a reversal in the decision regarding the attractiveness of the project.
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Clinton Corp. had the following pretax income (loss) over its first three years of operations:
2019: 1,200,000
2020: (900,000)
2021: 1,500,000
As of the beginning of 2021, there were no deferred income taxes and the tax rate was 25%. No valuation account was deemed necessary for the deferred tax asset as of December 31,2020. Make the journal entry in 2021 to record income tax expense, Assume a deferred tax asset was recognized in 2020 related to the tax loss carryforward and a tax loss carryback was not allowed.
Please show the calculation
To record income tax expense in 2021, we need to calculate the current tax expense and the deferred tax expense.
The current tax expense is calculated by multiplying the pretax income for the year by the tax rate. The deferred tax expense is calculated by multiplying the difference between the deferred tax asset at the beginning of the year and the deferred tax asset at the end of the year by the tax rate.
Current tax expense = 1,500,000 x 25% = 375,000
Deferred tax asset at the beginning of 2021 = 900,000 x 25% = 225,000
Deferred tax asset at the end of 2021 = 0 (since there are no more tax loss carryforwards)
Deferred tax expense = (225,000 - 0) x 25% = 56,250
Total income tax expense = Current tax expense + Deferred tax expense = 375,000 + 56,250 = 431,250
The journal entry to record income tax expense in 2021 is:
Debit Income Tax Expense 431,250
Credit Income Taxes Payable 375,000
Credit Deferred Tax Asset 56,250
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Derek borrows $318,624.00 to buy a house. He has a 30-year
mortgage with a rate of 5.26%. After making 112.00 payments, how
much does he owe on the mortgage
Derek owes $293,872.96 on the mortgage after making 112 payments.
To calculate this, we first need to find the monthly payment using the formula P = L[c(1 + c)^n]/[(1 + c)^n - 1], where P is the monthly payment, L is the loan amount, c is the monthly interest rate, and n is the number of monthly payments.
Plugging in the given values, we get:
P = 318624[0.00526(1 + 0.00526)^360]/[(1 + 0.00526)^360 - 1] = $1755.12
Next, we need to find the remaining balance after 112 payments. We can do this by using the formula B = L(1 + c)^n - P[(1 + c)^n - 1]/c, where B is the remaining balance, L is the loan amount, c is the monthly interest rate, n is the number of monthly payments, and P is the monthly payment.
Plugging in the given values, we get:
B = 318624(1 + 0.00526)^112 - 1755.12[(1 + 0.00526)^112 - 1]/0.00526 = $293,872.96
Therefore, Derek owes $293,872.96 on the mortgage after making 112 payments.
It is important to consider the investment aspect of purchasing a home. While Derek is paying off his mortgage, he is also building equity in his home, which can be seen as a form of investment. As the value of his home potentially increases over time, Derek may be able to sell it for a profit in the future.
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Explain (in detail) and provide at least two (2) detailed examples illustrating the nature of and how problem-solving skill competencies can be of value to the organization
The nature of problem-solving skill competencies is to identify and analyze problems, develop and implement solutions, and evaluate the effectiveness of those solutions.
Problem-solving skills are essential for organizations to improve their efficiency, productivity, and achieve their goals.
One way that problem-solving skills are valuable is through identifying and analyzing problems.
Understanding the root cause of a problem allows an organization to develop effective solutions, which can ultimately increase profitability.
Another way problem-solving skills benefit an organization is through developing and implementing solutions.
Effective solutions prevent problems from recurring, reduce costs, and improve customer satisfaction.
This leads to increased profitability and success.
In conclusion, problem-solving skills are valuable for organizations to achieve their goals by improving their overall performance.
Identifying and analyzing problems and developing and implementing solutions are examples of how problem-solving skills can benefit an organization.
By continually evaluating and improving solutions, organizations can achieve greater success.
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4: Ex-dividend date Jewels of Missoula declared a dividend of $1.73 a share to holders of record on Thursday, August 31. The dividend is payable on September 15. Taylor purchased 300 shares of Jewels of Missoula stock on Monday, August 28. Jonathan purchased 500 shares of Jewels of Missoula stock on Tuesday, August 29. How much will Taylor receive in dividends on September 1? How much will Jonathan receive in dividends on September 1?
Taylor will receive $519 in dividends on September 1 ($1.73 x 300 shares). Jonathan will receive $865 in dividends on September 1 ($1.73 x 500 shares).
The ex-dividend date is the date on which an investor must own shares of a stock in order to receive the declared dividend. In this case, the ex-dividend date is Thursday, August 31. This means that any investors who own shares of Jewels of Missoula stock on or before this date will receive the dividend payment.
Taylor purchased 300 shares of Jewels of Missoula stock on Monday, August 28, which is before the ex-dividend date. Therefore, Taylor will receive a dividend payment of $1.73 per share for a total of $519 ($1.73 x 300 shares).
Jonathan purchased 500 shares of Jewels of Missoula stock on Tuesday, August 29, which is also before the ex-dividend date. Therefore, Jonathan will receive a dividend payment of $1.73 per share for a total of $865 ($1.73 x 500 shares).
Both Taylor and Jonathan will receive their dividend payments on September 15, not September 1 as the question suggests. Therefore, Taylor will receive $519 in dividends on September 15, and Jonathan will receive $865 in dividends on September 15.
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It is managers’ responsability to act solely in the interest ofshareholders (Milton Friedman, 1970): Discuss this statement givingarguments forand against itWrite 400 words
The statement that managers should act solely in the interest of shareholders was made by economist Milton Friedman in 1970. This statement has been widely debated since, as some argue it can lead to unethical and irresponsible corporate practices.
Arguments for the Statement
Firstly, the statement is in line with Friedman's view of corporate governance. According to him, shareholders own the company and thus, they should be prioritised in corporate decision-making. Moreover, Friedman argued that shareholders are the ultimate stakeholders in the company and should have the primary say in how the company is managed. Finally, he argued that managers who act in the interests of the shareholders increase their profits, which can then be shared among other stakeholders.
Arguments Against the Statement
On the other hand, some argue that this view of corporate governance is too narrow. They believe that managers should also take into account other stakeholders such as employees, customers, suppliers and the community. It is argued that a manager who takes into account the needs of all stakeholders will create better long-term value for the company. Additionally, by taking into account the needs of other stakeholders, companies can create a positive reputation and build loyalty among their customers. This can lead to a higher share price in the long run.
In conclusion, the statement made by Milton Friedman in 1970 that managers should act solely in the interests of shareholders has been widely debated. While Friedman argued that it is the responsibility of managers to prioritise shareholders in corporate decision-making, some argue that a more holistic approach to corporate governance is required, which also takes into account the needs of other stakeholders.
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1. What is the distinction between power and influence?
2. Miner says there are several intentions that are associated with the motivation to manage. What are they?
3. Explain the term values. How are they formed?
4. Provide three examples of ethical dilemmas. Explain how this relates to leadership.
5. Identify and explain the various forms of power.
6. What is implicit prejudice? How might it be overcome?
7. What are Kidder's principles of ethical choices?
8. What is authentic leadership? How do you model this ideology?
9. Identify and explain four types of influence styles.
10. What is an ethical climate? Identify three ways in which a leader can do this setting in their work team.
1. Power is the ability to control others, while influence is the ability to affect others' behaviors, thoughts, or decisions.
2. Miner's intentions associated with the motivation to manage include the need for power, the need for achievement, and the need for affiliation.
3. Values are the beliefs, principles, or standards that guide a person's behavior.
4. Three examples of ethical dilemmas include: deciding between loyalty to an employer , choosing between personal gain and doing the right thing, and balancing the needs of the company .
5. The various forms of power include legitimate power , reward power coercive power , expert power, and referent power .
6. Implicit prejudice is an unconscious bias towards a particular group or individual.
7. Kidder's principles of ethical choices include the ends-based principle (focusing on the consequences of an action), the rule-based principle (following rules or laws), and the care-based principle (considering the needs and well-being of others).
8. Authentic leadership is the practice of leading with honesty, integrity, and transparency.
9. The four types of influence styles include: directive , participative, supportive, achievement-oriented.
10. An ethical climate is the shared values and norms that guide ethical behavior within an organization.
They are formed through personal experiences, family and cultural background, and societal influences.
A leader can create an ethical climate by modeling ethical behavior, promoting open communication, and holding everyone accountable for their actions.
The four types of influence styles include: directive (using authority or control), participative (seeking input and collaboration), supportive (showing care and concern), and achievement-oriented (setting high expectations and encouraging excellence).
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The Cash Over and Short accountQuestion 1 options:Is used to record a credit balance in the cash accountIs an income statement account used for recording the income effects of cash overages and cash shortages from errors in making change and missing petty cash receiptsIs not necessary in a computerized accounting systemIs an income statement account used for recording the income effects of cash overages and cash shortages from errors in making change and missing petty cash receipts and is not necessary in a computerized accounting systemNone of these
The Cash Over and Short account is an income statement account used for recording B: "the income effects of cash overages and cash shortages from errors in making change and missing petty cash receipts and is necessary for a computerized accounting system".
This account is used to keep track of any discrepancies between the actual amount of cash on hand and the amount that should be on hand according to the accounting records. When there is a cash overage, the Cash Over and Short account is credited, and when there is a cash shortage, the account is debited. This account is necessary for both manual and computerized accounting systems to accurately reflect the true financial position of the company.
So, the correct answer is option B: "Is an income statement account used for recording the income effects of cash overages and cash shortages from errors in making change and missing petty cash receipts and is necessary for a computerized accounting system."
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Which of the following is a way to track your spending?
A. Spreadsheet budget
B. Envelope method
C. An app
D. All of the above
All of the above that is spreadsheet budget, envelope method and an app is a way to track your spending.
What is a budget?
A budget is a calculation plan, typically money but not always, for a specific time frame, typically one year or one month. Predicted sales and revenue amounts, resource quantities (such as time, costs, and expenditures), environmental impacts (such as greenhouse gas emissions), other impacts, assets, liabilities, and cash flows are all possible inclusions in a budget. Budgets are a measurable way for businesses, governments, families, and other organizations to communicate their strategic plans of action. Although budgets are used by both businesses and governments to keep track of revenues and expenses, you may be most acquainted with them as a tool for managing your personal finances.
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A bond with a yearly coupon of 5% matures in one year. Thepenultimate coupon has just been paid. The Macauley duration of thebond in years is
The Macaulay duration of the bond in question is 1 year. The Macaulay duration of a bond is a measure of the average time that cash flows from the bond are received.
It is calculated by taking the weighted average of the time to maturity for each cash flow, where the weights are the present values of the cash flows.
In the case of the bond in question, there is only one cash flow remaining, which is the final coupon payment and the repayment of principal at maturity in one year. Therefore, the Macaulay duration of the bond is simply 1 year.
In mathematical terms, the Macaulay duration is calculated as follows:
D = ∑t*PV(CFt)/∑PV(CFt)
Where:
D = Macaulay duration
t = time to maturity for each cash flow
PV(CFt) = present value of each cash flow
In this case, there is only one cash flow at t=1, so the equation simplifies to:
D = 1*PV(CF1)/PV(CF1) = 1
Therefore, the Macaulay duration of the bond in question is 1 year.
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You’re the HR supervisor for PANDA in Khobar. The new Admin
Manager thinks that he is not responsible for any HR duties.
Explain three [3] of his HR duties to him in detail, using
examples.
As the HR supervisor for PANDA in Khobar, it is important to ensure that the new Admin Manager understands his HR duties.
Here are three of his HR duties in detail, with examples:
1. Recruitment and Selection: As the Admin Manager, one of your HR duties is to oversee the recruitment and selection process for new employees. This includes creating job postings, reviewing resumes, conducting interviews, and making hiring decisions. For example, if PANDA is looking to hire a new sales associate, you would be responsible for creating the job posting, reviewing resumes from applicants, and conducting interviews to find the best candidate for the position.
2. Employee Relations: Another HR duty that you have as the Admin Manager is to manage employee relations. This includes handling employee complaints, resolving conflicts, and maintaining a positive work environment. For example, if an employee comes to you with a complaint about their supervisor, it would be your responsibility to listen to their concerns and work to resolve the issue.
3. Training and Development: As the Admin Manager, you are also responsible for overseeing the training and development of employees. This includes conducting new employee orientations, providing ongoing training and support, and helping employees develop their skills and advance in their careers. For example, if an employee is looking to move into a management role, you would be responsible for providing them with the training and support they need to be successful in that role.
Overall, as the Admin Manager, it is important to understand that you have a variety of HR duties that are critical to the success of the organization. By fulfilling these duties, you can help ensure that PANDA is a positive and productive place to work.
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A company acquires another company for $5 million. The fair value of the acquired company’s identifiable assets was $4 million, and its liabilities were $1 million. Using formal journal entry form journalize the above transaction.
The journal entry reflects that the acquired company had assets of $4 million and liabilities of $1 million. The cash payment of $5 million is used to cover both the assets and liabilities of the acquired company, with the remaining $1 million reflecting the amount of goodwill the company has.
In order to journalize the transaction in which a company acquires another company for $5 million, the following journal entry would be used:
Debit Acquired Company's Assets (4 million)
Debit Goodwill (1 million)
Credit Cash (5 million)
Note: It's important to consult with a certified accountant to ensure the accuracy and compliance of financial statements and reports
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Subject : International Marketing
Qustion#2
(a) Why are current account and capital account so important to
measure a country’s international economic position? Which account
is more important? Why?
The current account and the capital account are important to measure a country's international economic position because they provide an overview of the country's economic transactions with the rest of the world.
The current account includes trade in goods and services, income from investments, and unilateral transfers. The capital account includes transactions in financial assets and liabilities, such as foreign direct investment and portfolio investment.
Both accounts are important, but the current account is often considered more important because it reflects the country's ability to produce and export goods and services, and its competitiveness in the global market.
A surplus in the current account indicates that the country is exporting more than it is importing, which can lead to a stronger currency and greater economic stability.
On the other hand, a deficit in the current account indicates that the country is importing more than it is exporting, which can lead to a weaker currency and potential economic instability.
Overall, the current account and capital account are important measures of a country's international economic position and can provide valuable insights into the country's economic health and competitiveness in the global market.
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