The case study involves creating an evidence-based performance management plan for entry-level Steel Workers at Rearden Steel. The plan must include a literature review, performance appraisal, assessment measurement, and a conclusion. The plan should follow APA format, including a title page and references.
Developing a performance management plan for entry-level Steel Workers at Rearden Steel requires a comprehensive and evidence-based approach. The plan should be structured with a literature review, performance appraisal, assessment measurement, and a conclusion. The literature review section should involve an in-depth examination of relevant academic and industry research on performance management in similar contexts. It should include key theories, best practices, and case studies that inform the design and implementation of an effective performance management plan for Steel Workers.
The performance appraisal section should outline the specific performance evaluation methods and criteria that will be used to assess the performance of the Steel Workers. This may include a combination of qualitative and quantitative measures, such as goal-setting, behavior-based assessments, key performance indicators, and 360-degree feedback. The plan should also address the frequency and process of conducting performance appraisals and the communication of results to employees. The assessment measurement section should focus on the methods and tools that will be used to collect and analyze performance data. This may involve developing performance dashboards, implementing performance tracking systems, and utilizing employee self-assessments. The plan should address how the collected data will be used to identify areas for improvement, provide feedback, and support employee development.
Finally, the conclusion should summarize the key findings and recommendations of the performance management plan. It should highlight the importance of aligning performance management practices with organizational goals, fostering employee engagement and development, and continuously monitoring and adjusting the plan based on feedback and results. To adhere to the APA format, the performance management plan should include a title page with a descriptive title, author's name, and institutional affiliation. Additionally, the plan should provide proper citations and references for the literature review section, following APA guidelines.
Overall, the performance management plan for the entry-level Steel Workers at Rearden Steel should be evidence-based, comprehensive, and focused on driving performance, engagement, and continuous improvement within the organization.
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Compute the price elasticities of demand between points A and B, B and C, C and D, and so on. Indicate whether demand is elastic (E), unit elastic (U), or inelastic (I). Be sure to use average prices and quantities when computing the percentage changes. (Enter your responses rounded to two decimal places.) Elasticity Elastic = 'E' Unit Elastic = of Quantity Demanded Price Demand А $25 410,000 $30 380,000 C $35 350,000 D $40 320,000 E $45 300,000 F $50 260,000 G $55 220,000 H $60 180,000 A B 'U' Inelastic = 'I' I I I כ כ U
A to B: Inelastic (I) ,B to C: Inelastic (I), C to D: Inelastic (I),D to E: Inelastic (I),E to F: Elastic (E),F to G: Elastic (E)
G to H: Elastic (E).
Elasticity of Demand = (Percentage change in quantity demanded) / (Percentage change in price)
Between points A and B: Quantity change: 380,000 - 410,000 = -30,000
Percentage change in quantity demanded: (-30,000 / 410,000) * 100 = -7.32%
Price change: $30 - $25 = $5
Percentage change in price: ($5 / $25) * 100 = 20%
Elasticity of Demand (A to B): -7.32% / 20% ≈ -0.37
Interpretation: Inelastic (I)
Between points B and C:
Quantity change: 350,000 - 380,000 = -30,000
Percentage change in quantity demanded: (-30,000 / 380,000) * 100 = -7.89%
Price change: $35 - $30 = $5
Percentage change in price: ($5 / $30) * 100 = 16.67%
Elasticity of Demand (B to C): -7.89% / 16.67% ≈ -0.47
Interpretation: Inelastic (I)
Between points C and D:
Quantity change: 320,000 - 350,000 = -30,000
Percentage change in quantity demanded: (-30,000 / 350,000) * 100 = -8.57%
Price change: $40 - $35 = $5
Percentage change in price: ($5 / $35) * 100 = 14.29%
Elasticity of Demand (C to D): -8.57% / 14.29% ≈ -0.60
Interpretation: Inelastic (I)
Between points D and E:
Quantity change: 300,000 - 320,000 = -20,000
Percentage change in quantity demanded: (-20,000 / 320,000) * 100 = -6.25%
Price change: $45 - $40 = $5
Percentage change in price: ($5 / $40) * 100 = 12.5%
Elasticity of Demand (D to E): -6.25% / 12.5% = -0.50
Interpretation: Inelastic (I)
Between points E and F:
Quantity change: 260,000 - 300,000 = -40,000
Percentage change in quantity demanded: (-40,000 / 300,000) * 100 = -13.33%
Price change: $50 - $45 = $5
Percentage change in price: ($5 / $45) * 100 = 11.11%
Elasticity of Demand (E to F): -13.33% / 11.11% = -1.20
Interpretation: Elastic (E)
Between points F and G:
Quantity change: 220,000 - 260,000 = -40,000
Percentage change in quantity demanded: (-40,000 / 260,000) * 100 = -15.38%
Price change: $55 - $50 = $5
Percentage change in price: ($5 / $50) * 100 = 10%
Elasticity of Demand (F to G): -15.38% / 10% = -1.54
Interpretation: Elastic (E)
Between points G and H:
Quantity change: 180,000 - 220,000 = -40,000
Percentage change in quantity demanded: (-40,000 / 220,000) * 100 = -18.18%
Price change: $60 - $55 = $5
Percentage change in price: ($5 / $55) * 100 ≈ 9.09%
Elasticity of Demand (G to H): -18.18% / 9.09% ≈ -2.00
Interpretation: Elastic (E)
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Suppose the government needs to generate $100,000 for a public project where they will use private sector returns to estimate a discount rate. After contentious discussions, they've decided $20,000 will come from consumers and $80,000 will come from firms. If consumers can earn 4% in interest and firms have a 9% return on investments, what will be the prevailing discount rate used in cost-benefit analysis? A. F = 4% B. = 6.5% C. = 7.75% D. F-8% E. There isn't enough information to answer this question.
The prevailing discount rate used in cost-benefit analysis will be 8%. Option D, "F-8%," aligns with this calculation.
To determine the prevailing discount rate used in cost-benefit analysis, we need to calculate a weighted average of the interest rate for consumers and the return on investments for firms, based on the proportions of funds contributed.
In this case, consumers contribute $20,000 (20% of the total) and can earn 4% interest, while firms contribute $80,000 (80% of the total) and have a 9% return on investments.
To calculate the weighted average discount rate, we multiply each rate by its corresponding proportion and sum them up:
(0.20 * 4%) + (0.80 * 9%) = 0.80% + 7.20% = 8%
Therefore, the prevailing discount rate used in cost-benefit analysis will be 8%. Option D, "F-8%," aligns with this calculation.
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Service quality begins with people. All of our measurements to detect nonconformance do not produce a quality service; instead, quality begins with the development of positive attitudes among all people in the organization. How is this accomplished? Positive attitudes can be fostered through a coordinated program that begins with employee selection and progresses through training, initial job assignments, and other aspects of career advancements. To avoid complacency, an ongoing quality-improvement program is required. W. Edwards Deming believed that management was responsible for 85 percent of all quality problems and, therefore, had to provide the leadership in changing the systems and processes that created them. Management needed to refocus attention on meeting customer needs and on continuous improvement to stay ahead of the competition. His philosophy is captured in a 14-point program. Review Deming’s 14-Point Program on p. 194 and then compare/contrast his points to where you are in your organization. For example, #9 states, "Break down barriers between departments. Encourage problem-solving through teamwork and use of quality-control circles" (Bordoloi, p. 194). What does this look like in your organization? How do you plan on making sure this happens in your organization? How about the other points? Try to address 4-5 of these points in your post relevant to your organizational design.....PLEASE USE A CUSTOMER SERVICE ENVIRONMENT
The service quality starts with people; it begins with developing positive attitudes among all people in the organization through a coordinated program that starts with employee selection, progresses through training, initial job assignments, and other aspects of career advancements. Deming’s 14-Point Program comprises of a philosophy of quality management and includes an action plan to accomplish it.
In a customer service environment, Deming’s 14-Point Program can be used as a reference to bring in improvement in quality service. The points can be compared to the organization to understand where it stands and how it can improve. For example, #9 of Deming’s 14-Point Program states, "Break down barriers between departments. Encourage problem-solving through teamwork and use of quality-control circles" (Bordoloi, p. 194).
In a customer service environment, it means that each department must be well informed and coordinated with the other departments. Departments must be ready to share information and resources to serve customers better. Problem-solving through teamwork will help improve overall customer service quality. Another point is, "Drive out fear so everyone may work effectively for the company." It means that employees must feel safe while speaking their minds without the fear of any retribution. The customer service environment must foster an open culture where employees can share their feedback, opinions, and ideas for service improvements. For this to happen, an effective grievance handling process and performance appraisal system must be in place. The other points can also be addressed relevant to organizational design. For example, #1 states, "Create constancy of purpose toward improvement of product and service, with the aim to become competitive and stay in business." To implement this in the customer service environment, the organization must focus on customer satisfaction, continuously improving customer service, and introducing new services to stay competitive. The organization must create an environment of continuous improvement where all employees contribute to the success of the organization.
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The Affordable Care Act was enacted in 2010. It contains a clause requiring everyone to carry some type of health insurance. This requirement is referred to as the h O individual mandate risk permium moral hazard Onone of the answers listed
The Affordable Care Act (ACA) is a healthcare reform law that was passed in 2010. The ACA contains a clause called the individual mandate that requires everyone to carry some type of health insurance. The correct option is 1st "individual mandate risk premium moral hazard."
The individual mandate is intended to help ensure that everyone has access to affordable healthcare by spreading the cost of healthcare across the entire population. This is done by requiring everyone to purchase health insurance, which helps to reduce the risk of adverse selection.
The individual mandate has been controversial since it was first introduced. Some people argue that it is a violation of individual freedom and that people should be allowed to choose whether or not they want to purchase health insurance. Others argue that the individual mandate is necessary to ensure that everyone has access to affordable healthcare.
The individual mandate was challenged in court, and in 2012 the Supreme Court upheld its constitutionality. However, in 2017 the individual mandate was effectively repealed as part of the Tax Cuts and Jobs Act. While the individual mandate is no longer in effect, other provisions of the ACA remain in place, including protections for people with pre-existing conditions and the availability of subsidies to help people purchase health insurance.
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The statement of financial position as of the end of December 2020 and the statement of comprehensive income from January 1 to December 31, 2020 are as follows. Calculate the next financial ratio of the princess enterprise. (The units are already shown, so only show the numbers, but if a decimal occurs, round off from the third decimal place and mark only to the second digit.)
financial position statement as of December 31, 2020
Current Assets
20,000
Current liabilities
10,000
Cash and cashable assets
1,000
Short-term borrowings
5,000
Short-term investment assets
3,000
Purchasing obligation
3,000
accounts receivable
4,000
Other Current Liabilities
2,000
Inventory assets
12,000
Non-current liabilities
50,000
Non-current assets
80,000
a long-term loan
10,000
Mechanical equipment
50,000
a private loan
40,000
Investment assets
20,000
capital
40,000
an intangible asset
10,000
Total Assets
100,000
Total liabilities and capital
Sales
200,000
Cost of sales
120,000
sales and administrative expenses
20,000
(Depreciation expenses)
(10,000)
Operating profit
60,000
Interest expense
10,000
Net income before corporate tax reduction
50,000
Corporate tax (40%)
20,000
Current profit
30,000
Q. Unit:%
Interest compensation ratio: ?
ROE:?
Ratio of net income to net sales:?
Inventory turnover period:?
Walter-Hunt Percentage:?
100,000
Statement of Comprehensive Income (- 2020.12.31 2020.1.1.)
The given financial ratios are to be calculated given the financial position statement as of December 31, 2020, and the statement of comprehensive income from January 1 to December 31, 2020.
1. Interest coverage ratio is calculated using the formula given below: Interest Coverage Ratio = Operating Profit / Interest Expenses Interest Coverage Ratio = 60,000 / 10,000 Interest Coverage Ratio = 6. The Interest Coverage Ratio is 6.
2. The Return on Equity (ROE) ratio is calculated using the formula given below: ROE = Net Income / Equity ROE = 30,000 / 40,000 ROE = 0.75The ROE ratio is 0.75 or 75%.3. The Net Income to Net Sales ratio is calculated using the formula given below: Net Income to Net Sales Ratio = Net Income / Net SalesNet Income to Net Sales Ratio = 30,000 / 200,000Net Income to Net Sales Ratio = 0.15The Net Income to Net Sales ratio is 0.15 or 15%.
4. The Inventory Turnover Period is calculated using the formula given below: Inventory Turnover Period = 365 / Inventory Turnover Ratio = Cost of Sales / Average Inventory Inventory Turnover Ratio = 120,000 / 6,000 Inventory Turnover Ratio = 20Inventory Turnover Period = 365 / 20 Inventory Turnover Period = 18.25The inventory turnover period is 18.25 days.
5. The Walter-Hunt percentage is calculated using the formula given below: Walter-Hunt Percentage = (Retained Earnings / Total Assets) × (Net Income / Total Sales)Walter-Hunt Percentage = (10,000 / 100,000) × (30,000 / 200,000)Walter-Hunt Percentage = 0.03The Walter-Hunt percentage is 0.03 or 3%.
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Contracts must be in writing to be enforceable." Discuss the accuracy of this statement.
The statement that contracts must be in writing to be enforceable is not entirely accurate. While written contracts are generally preferred and provide greater certainty, enforceable contracts can exist in oral or implied form.
However, certain types of contracts are required by law to be in writing to be enforceable, such as contracts involving the sale of real estate or agreements that cannot be performed within one year.
In contract law, enforceability is not limited to written contracts. Oral contracts, also known as verbal contracts, can be enforceable if they meet the essential elements of a contract: offer, acceptance, consideration, capacity, and intention to create legal relations. These oral agreements may be more challenging to prove in court compared to written contracts, as they often rely on the credibility and recollection of the parties involved.
However, there are exceptions where written contracts are specifically required for enforceability. For example, contracts involving the sale or transfer of real estate typically need to be in writing to comply with the statute of frauds. Similarly, contracts that cannot be performed within one year from the time of formation generally require written documentation.
In summary, while written contracts are generally preferred for clarity and evidentiary purposes, enforceable contracts can exist in oral or implied form. However, specific situations and types of contracts may require written documentation to meet legal requirements for enforceability.
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Describe the effectiveness of visual imagery when communicating
information to diverse audiences
Visual imagery is an effective tool when communicating information to diverse audiences because it helps to create a shared experience, improves recall, and enhances understanding and comprehension.
When communicating information, the audience needs to be able to understand and process the information given. Different people process information differently. Some learn better through visual aids, while others learn better through written words or by listening. Here are some ways in which visual imagery is effective when communicating information to diverse audiences.
Shared experience: Visual imagery creates a shared experience because everyone can see the same thing. If there is a picture or graph, everyone can view it at the same time and draw the same conclusion. It also provides context for the information being communicated, making it more accessible to everyone.
Improved recall: Visual imagery can improve recall because it can help people remember information better. For example, a chart or graph can make it easier to remember statistics or facts.
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When a lessee makes periodic cash payments for an operating lease, which of the following accounts is increased?
a. Rent Expense
b. Leased Equipment
c. Capital Lease Obligation
d. Interest Expense
When a lessee makes periodic cash payments for an operating lease a. Rent Expense accounts is increased
When a lessee makes periodic cash payments for an operating lease, the account that is increased is Rent Expense. Operating leases are treated as rental agreements, and the lessee records the lease payments as Rent Expense in their income statement. The payments made for operating leases are considered operating expenses and are recognized as an expense in the period in which they are incurred.
The other options listed are not affected by cash payments for operating leases:
b. Leased Equipment: Leased Equipment is not increased because operating leases do not result in the lessee recognizing the leased asset on their balance sheet.
c. Capital Lease Obligation: Capital Lease Obligation is not relevant for operating leases as it pertains to the accounting treatment of capital leases, which are considered as a financing arrangement rather than an operating expense.
d. Interest Expense: Interest Expense is also not applicable to operating leases as there is no interest component involved. Interest expense is typically associated with financing arrangements such as capital leases or loans.
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Output per capita in the United States in 2016 was about a. 8.5 times b. 10.5 times c. twice d. 3.5 times as high as it was in 1900. U.S. real GDP per capita in 2016 was ____ % as much per person as it was in 1900.
a. 16 b. 189 c. 734 d. 848
Output per capita in the United States in 2016 was about 10.5 times as high as it was in 1900. U.S. real GDP per capita in 2016 was approximately 848% (option D) as much per person as it was in 1900.
To determine the output per capita in the United States in 2016 compared to 1900, we need to calculate the growth rate. We can do this by comparing the output per capita in 2016 to that in 1900.
First, let's calculate the growth rate between 1900 and 2016. We divide the output per capita in 2016 by the output per capita in 1900 and multiply by 100 to express it as a percentage:
Growth rate = (Output per capita in 2016 / Output per capita in 1900) * 100
To find the answer, we need to calculate the growth rate using the given options:
a. 8.5 times: (8.5 * 100) = 850%
b. 10.5 times: (10.5 * 100) = 1050%
c. Twice: (2 * 100) = 200%
d. 3.5 times: (3.5 * 100) = 350%
Based on the calculations, we can see that option b, 10.5 times, represents the correct growth rate between 1900 and 2016. Therefore, the correct answer to the first question is option b.
Now, let's move on to calculating the percentage of U.S. real GDP per capita in 2016 compared to 1900.
To find the percentage of U.S. real GDP per capita in 2016 as much per person as it was in 1900, we divide the U.S. real GDP per capita in 2016 by the U.S. real GDP per capita in 1900 and multiply by 100:
Percentage = (U.S. real GDP per capita in 2016 / U.S. real GDP per capita in 1900) * 100
Again, we need to calculate the percentage using the given options:
a. 16%: (16 * 100) = 1600%
b. 189%: (189 * 100) = 18900%
c. 734%: (734 * 100) = 73400%
d. 848%: (848 * 100) = 84800%
Based on the calculations, option d, 848%, represents the correct percentage of U.S. real GDP per capita in 2016 compared to 1900. Therefore, the correct answer to the second question is option d.
Output per capita in the United States in 2016 was about 10.5 times as high as it was in 1900. U.S. real GDP per capita in 2016 was approximately 848% as much per person as it was in 1900.
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If demand for good 1 Is x₁= (2m)/3p₁, the demand curve Is a(an) downward sloping curve with flat segment O upward sloping curve O horizontal line O downward sloping curve Question 4 Sir Plus has a demand function for mead that is given by the equation D(p)=20-2p. If the price of mead is 9$, how much is Sir Plus's net consumer's surplus?
The given demand function for Sir Plus’s mead is:
D(p)=20-2p.
Sir Plus’s consumer’s surplus is equal to the difference between the amount a customer is willing to pay for a good or service and the amount they actually pay. When the consumer’s surplus is large, it implies that consumers are receiving value at a price less than what they would be willing to pay.
Therefore, the formula for consumer surplus is calculated as shown below;
Consumer Surplus (CS) = Maximum Willingness to Pay - Amount Paid by the Consumer
If the price of mead is 9 dollars, then the quantity demanded will be calculated by substituting p with 9 in the demand function and therefore:
D(9) =20-2(9) = 20 - 18= 2 units
Therefore, the maximum price Sir Plus’s customers are willing to pay is equal to the consumer surplus plus the price of the good. Hence, Consumer Surplus (CS) = 20 - 9 = 11 dollars
Therefore, Sir Plus’s net consumer surplus is 11 dollars.
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CAN I GET A SUMMARY OF (MINI -CASE Failing to Obtain Desired Levels of Success with Cooperative strategies )
In business, one of the most important aspects of achieving success is the ability to establish and maintain effective cooperative strategies. However, despite the benefits that these strategies can provide, not all attempts to implement them will be successful.
The mini-case "Failing to Obtain Desired Levels of Success with Cooperative Strategies" discusses some of the reasons why businesses may not be able to achieve the desired outcomes through the use of cooperative strategies.One of the main reasons why cooperative strategies may fail to achieve the desired level of success is that they require a significant amount of effort and resources to be put into them. This can be difficult for businesses that are already stretched thin in terms of their finances and staff. Additionally, it may be difficult to find the right partners to work with in a cooperative strategy, as not all businesses will share the same goals and values.Another reason why cooperative strategies may not be successful is that they require a high degree of trust and communication between the participating parties. If these aspects are not present or are not properly established, the cooperative strategy is unlikely to succeed. Additionally, there may be external factors that impact the success of a cooperative strategy, such as changes in market conditions or shifts in the regulatory environment.Overall, while cooperative strategies can be highly effective in business, it is important for companies to carefully consider their goals, resources, and partners before attempting to implement them. With the right approach and mindset, however, cooperative strategies can help businesses to achieve success and overcome a variety of challenges.
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Explain how you intend to limit the number of mark-downs. Section 2: Merchandise management: Describe your merchandise philosophy. Outline your plan for your merchandise range. Construct a diagram depicting one of your product category lifecycles. Section 3: Stakeholders Identify your top three stakeholder types. Justify your selection.
The philosophy behind merchandise management is the idea of determining the type of products that best cater to customers while at the same time increasing profitability.
What happens in this strategy?In this strategy, the goal is to ensure that the products available in the store are relevant to the customers, and they are of high quality.
The first step in implementing the strategy is by identifying the target audience and selecting the merchandise based on their needs and preferences.
Outline your plan for your merchandise range. A plan for a merchandise range should include the following steps:Determine customer needs and preferences- Ensure merchandise meets quality standardsEvaluate inventory levels regularly to identify gaps in the product range.Update the product range based on feedback from customers and sales data.Ensure the products offered are relevant to the target audience.Construct a diagram depicting one of your product category lifecycles.A product lifecycle can be illustrated in four stages: Introduction stage:During this stage, sales are low, and there is a need for product promotion and investment to create awareness.
Growth stage: At this point, the product sales begin to pick up, and customers begin to recognize the value of the product.
Maturity stage: During this stage, sales are high, but growth starts to slow down, and there is a need to focus on retaining customers.
Decline stage: The last stage is when sales begin to decline, and products are eventually phased out.
Section 3: Stakeholders Identify your top three stakeholder types.The three most crucial stakeholders in a business include shareholders, employees, and customers.
Justify your selection.Customers are one of the essential stakeholders since they provide the revenue that drives the business. Satisfied customers translate to increased profits, which ultimately benefits the shareholders and the employees. Employees play a significant role in the success of the business since they are responsible for product development and ensuring customer satisfaction. Finally, shareholders are also vital stakeholders since they provide the funds needed to invest in the business.To know more on business visit:
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Based the general dependency postulate, how will you use this concept to gain power in your job as a Manager?
Note:Please Provide This answer without plagiarism and 250-300 words.
The general dependency postulate suggests that individuals or groups who have control over resources that are valuable, rare, or difficult to replace have power over others who depend on those resources. As a manager, understanding and applying this concept can help me gain power and influence within my job. However, it is important to note that using power in an ethical and responsible manner is crucial for maintaining positive relationships and fostering a productive work environment.
To gain power in my role as a manager, I would focus on the following strategies:
1. Acquiring and Controlling Key Resources: By identifying and controlling critical resources within the organization, such as information, budgets, or specialized knowledge, I can establish myself as a valuable asset. This can be achieved through building relationships, networking, and continuously developing my expertise in specific areas.
2. Building a Strong Network: Developing a wide network of contacts and alliances both within and outside the organization can enhance my power base. Collaborating and building mutually beneficial relationships with influential individuals or teams can provide support and leverage in decision-making processes.
3. Developing Expertise: Becoming an expert in my field and staying updated with industry trends and best practices can enhance my credibility and influence. Sharing knowledge and providing guidance to others can establish me as a go-to person, thereby increasing my power within the organization.
4. Cultivating Relationships: Building positive relationships with colleagues, subordinates, and superiors is vital for gaining power. By demonstrating strong interpersonal skills, actively listening, and offering support, I can create a network of individuals who trust and respect me, increasing my ability to influence outcomes.
5. Empowering Others: Empowering team members and fostering a collaborative work environment can also contribute to my power as a manager. By delegating tasks, providing opportunities for growth, and recognizing and rewarding achievements, I can gain support and loyalty from my team, enhancing my overall influence.
It is important to note that while seeking power, it should be done in an ethical and fair manner, with the intention of benefiting the organization and its stakeholders. Using power to manipulate or exploit others will lead to negative consequences and damage trust, ultimately hindering long-term success.
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following occurs if there is excess demand in a free and unregulated market?
In a free and unregulated market, excess demand results in shortage. Excess demand occurs in a free and unregulated market when the quantity of a good that people want to purchase exceeds the quantity of the good that is available for sale in the market.
What happens in a free and unregulated market with excess demand?
In such a market, there is a higher demand for goods than there is supply, which implies that there are more buyers than goods available for purchase.
This creates a shortage of goods in the market. Excess demand is commonly referred to as a market imbalance or disequilibrium.
In such a situation, suppliers may raise the prices of goods in the market because the available quantity of goods is inadequate to meet the high demand for the goods, and they have a captive market.
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Strategic resources are vital to a company and its processes of earning capital. What is NOT one of the four categories do Strategic resources reflect qualities of? Strategic resources reflect the qualities of four categories. Which is not one of the four?
1) Valuable
2) 2) Difficult to imitate
3) 3) Controlled
4) 4) Rare
5) 5) Organized to capture value
The category that is not reflected by strategic resources is "Organized to capture value". Explanation:A strategic resource is a valuable asset that is owned by a company, such as a patent, a license, or a trademark. These resources are usually very valuable and hard to replicate, making them a crucial aspect of a company's ability to make money. There are four categories of strategic resources that companies need to focus on when developing their business strategy. These categories are:Valuable - A resource that is valuable has the potential to generate significant income for the company. This could be anything from a patent on a new product to a highly skilled workforce.Difficult to imitate - Resources that are difficult to imitate are those that are unique or specialized to a particular company. For example, a company might have developed a proprietary manufacturing process that cannot be replicated by others.Controlled - Resources that are controlled by a company are those that are fully owned or have some level of exclusivity. This could include things like a trademark or a patent. Rare - A resource that is rare is one that is not easily available to other companies or competitors. For example, a particular mineral might be rare and only found in certain parts of the world.The category that is not reflected by strategic resources is "Organized to capture value." This is because this category is not related to the qualities of the resource itself, but rather how the company uses it to generate income. Learn more about Rare here,https://brainly.com/question/3072648 #SPJ11
Which 2 statements are correct regarding Budgets in QuickBooks Online?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
Budgets are available in all versions of QuickBooks Online
Budgets can be created in Excel and imported into QuickBooks Online
Budgets can be created in for Profit and Loss accounts only
Budgets cannot be set up based on last year’s financial data
Budgets can be created for Class, Location, Customers, and Projects
The two correct statements regarding budgets in QuickBooks Online are:Budgets can be created for Class, Location, Customers, and Projects.Budgets can be created in Excel and imported into QuickBooks Online.Explanation:In QuickBooks Online, you can create budgets to estimate future income and expenses. Budgets are an essential part of any successful business plan, and QuickBooks Online has a few features to help you create and maintain them.
The first statement mentioned is correct: Budgets can be created for Class, Location, Customers, and Projects. The budget feature in QuickBooks Online allows you to create and track budgets by customer, class, location, or project. You can also compare your budget to your actual income and expenses and analyze the results.The second statement mentioned is also correct: Budgets can be created in Excel and imported into QuickBooks Online. QuickBooks Online offers an easy way to create and import budgets in Excel format. This feature allows you to save time and effort by importing your budget data directly into QuickBooks Online.Incorrect statements:Budgets are available in all versions of QuickBooks Online - This is incorrect. Budgets are only available in QuickBooks Online Plus.Budgets can be created in for Profit and Loss accounts only - This is incorrect. Budgets can be created for both Profit and Loss accounts and Balance Sheet accounts.Budgets cannot be set up based on last year’s financial data - This is incorrect. Budgets can be set up based on last year's actual data.
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When comparing the perfect competition model to the real-world markets, what can you surmise that is true? The perfect competition model and real-world markets both attain allocative and productive efficiency on a consistent basis. Incorrect. Real world markets may not always attain full efficiency. The perfect competition model in the long run is a hypothetical benchmark, while real-world markets firms do not always attain allocative and productive efficiency. Neither the perfect competition model nor the real world markets attain allocative and productive efficiency on a consistent basis.
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The perfect competition model is a hypothetical benchmark used to explain the performance of real-world markets. It postulates a set of conditions that must hold for markets to be perfectly competitive.
It assumes that all firms are small relative to the industry, that entry and exit are costless, that all firms produce identical goods, and that buyers and sellers have perfect information among other conditions. However, the real world markets differ from this model since all these conditions do not hold. For example, real-world firms are typically larger than those assumed in the perfect competition model, and entry and exit may be costly.Real-world markets may not always attain full efficiency. This can be due to the presence of monopolies or other market structures that do not satisfy the conditions of perfect competition.
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Black Instrument Company replenishes highly specialized replacement (service) parts based on statistical reorder point. One part is a 40-mm thumbscrew. Relevant data for the thumbscrew are: ·
Planned stock out frequency= Six per year. Planned lead time = 2 weeks
Forecast for next week= 300 Batch size = 400
Standard deviation of demand = 20 (per week)
What is the reorder point?
What would be the effect on the ROP if lead time were five weeks instead of two?
What other factors might impact your decision on when to reorder parts?
Reorder Point (ROP) refers to the inventory level at which a new order should be placed to ensure that the inventory does not stock out. The Black Instrument Company replenishes highly specialized replacement (service) parts based on a statistical reorder point.
One such part is a 40-mm thumbscrew. Relevant data for the thumbscrew is planned stock out frequency, planned lead time, forecast for next week, batch size, and standard deviation of demand.
The reorder point for the thumbscrew is calculated as: ROP = (Planned stock out frequency × Planned lead time) + (Z × Standard deviation of demand × Square root of planned lead time) ROP = (6 × 2) + (1.645 × 20 × √2)ROP = 12 + 29.38ROP = 41.38 ≈ 42 units.
Therefore, the reorder point is 42 units. If the lead time increases from 2 weeks to 5 weeks, the reorder point would be affected. The reorder point is directly proportional to lead time. As the lead time increases, the reorder point also increases.
Other factors that might impact the decision on when to reorder parts include the carrying cost of inventory, the cost of placing an order, the cost of stock-out, the ordering policy of the company, and the demand pattern of the parts.
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With construct validity, ______ refers to the degree of correlation among constructs and tests whether constructs that should be related actually are related.
a.convergent validity
b.discriminant validity
c.predictive validity
d.content validity
The option that correctly fills the blank in the given statement "With construct validity, convergent validity refers to the degree of correlation among constructs and tests whether constructs that should be related actually are related" is a) convergent validity.
What is Construct validity? Construct validity is a term in psychometrics that measures the degree to which an instrument (such as a test or questionnaire) measures what it is intended to measure, and not anything else.
Construct validity refers to the test's ability to measure the intended psychological idea. In simple words, it tells us whether the test has measured the right concepts or not.
What is convergent validity? Convergent validity is a type of construct validity. This validity is the degree to which different procedures intended to measure the same construct are highly correlated with each other.
In other words, it measures whether the test is associated with other tests that it is theoretically expected to be associated with. For a test or questionnaire to have good construct validity, it should demonstrate high levels of convergent validity, which means that it should correlate well with other tests that measure similar constructs.
Therefore, we can conclude that with construct validity, convergent validity refers to the degree of correlation among constructs and tests whether constructs that should be related actually are related.
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1. What are the fundamental reasons (ten) for starting a successful business in OMAN with good examples? 2. Elaborately discussed any prime factors (ten factors with examples) in social media marketing to help to develop the business in OMAN? 3. In 2040 Vision of Sultanate of OMAN. Elaborately discuss the various economics reforms and strategies. 4. As you are a businessman, how will you develop and flourish the businesses from the debt: elaborately discuss the ten strategies: 5. How Price / outputs determination under various Markets? (Perfect Imperfect Graph and explanations are needed).
Fundamental reasons for starting a successful business in Oman is a country with a very strategic geographical location, being a bridge between Asia, Europe, and Africa.
This makes it easier to transport goods between these continents. For example, Oman Shipping Company is one of the largest shipping companies in the world and has helped make Oman a major trading hub. Oman has a large young population with a high level of education. Oman has a well-established infrastructure, which makes it easier to do business. For example, Oman has a modern port in Salalah that has helped make Oman a major logistics hub. Oman has a very stable political environment, which makes it easier for businesses to operate Prime factors in social media marketing to help develop businesses .
Some of the prime factors that businesses should consider when developing their social media marketing strategy area Understanding their target audience: Businesses need to understand their target audience and develop content that resonates with them. Consistency: Businesses need to be consistent with their social media posts. Analytics: Businesses need to track their social media metrics and use this data to refine their social media strategy. For example, if a business sees that a particular post is performing well, they may want to create more content around that topic. Collaboration: Businesses can collaborate with other businesses or influencers to reach a wider audience. For example, a restaurant may collaborate with a food blogger to promote their new menu.
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Welfare effects of free trade in an exporting country Consider the New Zealand market for lemons. The following graph shows the domestic demand and domestic supply curves for lemons in New Zealand. Suppose New Zealand's government currently does not allow international trade in lemons. use the black point (plus symbol) to indicate the equilibrium price of a ton of lemons and the equilibrum quantity of lemons in New Zealand in the absence of international trade. Then, use the green triangle (triangle symbol) to shade the area representing consumer surplus in equilibrium. Finally, use the purple triangle (diamond symbol) to shade the area representing producer surplus in equilibrium. 1100 Domestic Demand Domantic 3000 900 800 100 600 500 400 300 300 70 106 140 175 210 245 290 335 250 QUANTITY (Tansa lumore) PRICE (Dollars per 0 |8b| Eqalbrim without Trade Consumer S Roducer Surplus Based on the previous graph, total surplus in the absence of international trade is $ The following graph shows the same domestic demand and supply curves for lemons in New Zealand. Suppose that the New Zealand government changes its international trade policy to allow free trade in lemons. The horizontal black line (Pw) represents the world price of lemons at $800 per ton. Assume that New Zealand's entry into the world market for lemons has no effect on the world price and there are no transportation or transaction costs associated with international trade in lemons. Also assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. Use the green triangle (triangle symbol) to shode consumer surplus, and then use the purple triangle (diamond symbol) to shade producer surplus. 1100 Domestic Demand Domestic Supply 1000 Communer Surplus 9900 800 700 Producer Surplus 600 500 400 300 200 300 O 5 70 100 140 175 210 245 280 315 360 QUANTITY (Tons of lemons) tons of When New Zealand allows free trade of lemons, the price of a ton of lemons in New Zealand will be $800,. At this price, lemons will be demanded in New Zealand, and tons will be supplied by domestic suppliers. Therefore, New Zealand will export tons of lemons PRICE (Dollars parton) Using the information from the previous tasks, complete the following table to analyze the welfare effect of allowing free trade. Without Free Trade (Dollars) With Free Trade (Dollars) Consumer Surplus Producer Surplus When New Zealand allows free trade, the country's consumer surplus by S and producer surplus by S So, the net effect of international trade on New Zealand's total surplus is a of $
The welfare effects of free trade in an exporting country are the impact of removing trade barriers on a country's welfare. The government of New Zealand does not allow international trade in lemons.
The equilibrium price of a ton of lemons and the equilibrium quantity of lemons in New Zealand in the absence of international trade is represented by the black point. Consumer surplus is represented by the green triangle, and producer surplus is represented by the purple triangle. Welfare effect of allowing free trade:
When New Zealand allows free trade, the price of a ton of lemons in New Zealand will be $800. At this price, lemons will be demanded in New Zealand, and tons will be supplied by domestic suppliers. Therefore, New Zealand will export tons of lemons.The impact of international trade on New Zealand's total surplus is a net benefit of $100,000.
The table below analyses the welfare effect of allowing free trade.
Welfare Effect of Allowing Free Trade Without Free Trade (Dollars) With Free Trade (Dollars) Consumer Surplus 290,0001,015,000 Producer Surplus 60,0000 Net Benefit (Total Surplus)350,0001,015,000
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What contributes to an employee’s decision to join a union? What
are the consequences for organizations that have a union to
represent employees?
Unions are subject to a variety of laws and regulations that govern their behavior and their interactions with employers. There are several factors that contribute to an employee's decision to join a union.
The most important factor that motivates workers to join a union is the benefits that come with being part of a union. Unions provide a variety of benefits to their members, such as job security, higher wages, better benefits, and better working conditions. When employees feel like they are getting more from their job and their union, they are more likely to stay in the union and contribute to its success. Another important factor that contributes to an employee's decision to join a union is the sense of power in numbers that comes with being part of a union. When employees join together to form a union, they are better able to negotiate with management and fight for better wages, benefits, and working conditions. This sense of power in numbers is often very motivating for workers, and it helps to keep them committed to the union.
Here are some of the most common consequences. One of the most obvious consequences of having a union is that it can lead to increased costs for the organization. Unions negotiate for better wages, benefits, and working conditions for their members, which can be expensive for the employer. This can lead to higher costs for the organization, which can impact profitability and competitiveness. Organizations that have a union to represent employees are also subject to a variety of legal and regulatory requirements. Unions are subject to a variety of laws and regulations that govern their behavior and their interactions with employers. Organizations that have a union must be prepared to comply with these requirements, which can be time-consuming and expensive.
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I need assistance with these three practice questions and could you label it 1, 2 and 3 please
The PPACA imposes taxes on employers who choose not to provide health insurance benefits or who choose to offer highly expensive health insurance plans. Let’s assume that a company has 600 workers. Calculate the costs of the following scenarios.
The company chooses not to provide health insurance. How much will the penalty be?
The company prices health insurance for its workforce, and determines that the annual cost is $2,750,000. Based on your answer to the previous question, how much money would it save by not offering health insurance?
The company is considering the purchase of a high-priced health insurance option. The cost is equal to $16,000 per employee for individual coverage and $30,000 per employee for family coverage. Half of the employees subscribe to individual coverage. Based on the guidelines presented in this chapter, calculate the Cadillac tax. What would the total cost of the Cadillac tax be?
You would need to refer to the specific Cadillac tax rate set by the PPACA for the relevant year in question to calculate the Cadillac tax accurately.
The company chooses not to provide health insurance. How much will the penalty be?
Under the PPACA, employers with 50 or more full-time equivalent employees (FTEs) are subject to the Employer Shared Responsibility Payment (ESRP) if they do not offer health insurance coverage to their full-time employees. The penalty amount is determined based on the number of full-time employees (FTEs) that the employer has.
If the company has 600 workers and they choose not to provide health insurance, and assuming all 600 workers are full-time employees, the penalty amount would be:
Penalty = Number of FTEs * Penalty Amount
The penalty amount may vary each year, so you would need to refer to the specific penalty amount set by the PPACA for the relevant year in question to calculate the penalty accurately.
The company prices health insurance for its workforce, and determines that the annual cost is $2,750,000. Based on your answer to the previous question, how much money would it save by not offering health insurance?
To calculate the savings by not offering health insurance, you would compare the total cost of offering health insurance to the penalty amount for not offering health insurance.
Savings = Cost of Offering Health Insurance - Penalty Amount
Since the cost of health insurance is given as $2,750,000 and the penalty amount would be calculated based on the previous question, you can subtract the penalty amount from the cost of offering health insurance to determine the savings.
The company is considering the purchase of a high-priced health insurance option. The cost is equal to $16,000 per employee for individual coverage and $30,000 per employee for family coverage. Half of the employees subscribe to individual coverage. Based on the guidelines presented in this chapter, calculate the Cadillac tax. What would the total cost of the Cadillac tax be?
The Cadillac tax is an excise tax imposed on high-cost employer-sponsored health insurance plans. To calculate the Cadillac tax, you need to determine if the cost of the health insurance plan exceeds the threshold set by the PPACA.
In this case, half of the employees subscribe to individual coverage, so the other half (300 employees) would have family coverage.
Total Cost of Cadillac Tax = (Number of Employees with Individual Coverage * Cost per Employee for Individual Coverage * Cadillac Tax Rate) + (Number of Employees with Family Coverage * Cost per Employee for Family Coverage * Cadillac Tax Rate)
You would need to refer to the specific Cadillac tax rate set by the PPACA for the relevant year in question to calculate the Cadillac tax accurately.
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At the beginning of current year, CFAS Company issued 50,000 shares of P10 par value for P99 per share. During the year, the entity reacquired 2,000 shares at P150 per share and immediately canceled these 2,000 shares. In connection with the retirement of shares, what amount should be debited to share premium?
If the par value method is used, the amount debited to share premium would be P178,000.
In connection with the retirement of shares, the amount debited to share premium would depend on the specific accounting treatment chosen by the CFAS Company. There are two common methods for handling the retirement of shares: the par value method and the stated value method.
1. Par Value Method:
Under the par value method, when shares are retired, the amount debited to share premium is the excess of the original issue price over the par value of the shares retired.
In this case, the shares were issued at P99 per share with a par value of P10. Therefore, the share premium at the time of issuance is P99 - P10 = P89 per share.
Since 2,000 shares were retired, the amount debited to share premium would be:
P89 per share x 2,000 shares = P178,000
So, if the par value method is used, the amount debited to share premium would be P178,000.
2. Stated Value Method:
Under the stated value method, when shares are retired, the amount debited to share premium is based on a predetermined stated value per share.
However, since the problem does not provide any information regarding the stated value, it is not possible to determine the exact amount debited to share premium using this method.
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Management accounting information supports internal decision makers. Which of the following is necessary for management accounting information to be useful?
a.It must report to external users.
b.It must develop a framework of principles and guidelines.
c.Some other activity not listed here
d.It must be exclusively drawn from the organisation's basic accounting system.
e. it must focus on the enterprise in its entirety.
The necessary requirement for management accounting information to be useful is that it must focus on the enterprise in its entirety.
Management accounting information is specifically designed to support internal decision makers within an organization. To be useful, this information should encompass a comprehensive view of the entire enterprise. By focusing on the enterprise in its entirety, management accounting information provides decision makers with a holistic understanding of the organization's operations, performance, and financial standing. This broad perspective allows managers to make informed decisions that consider the overall impact on the organization. It helps them assess the organization's strengths, weaknesses, opportunities, and threats, enabling them to develop effective strategies and allocate resources efficiently. Therefore, the focus on the enterprise as a whole is crucial for management accounting information to be valuable and relevant to internal decision makers.
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Bark Ages, a famous pet shop, issued 90296 at-the-money stock options to its employees on January 1, 2021. The options vest on January 1, 2023 and expire onJanuary 1, 2026. Bark Age's share price was $55 on the grant date and $47 on the vesting date. Estimates of the fair value of the options showed they were worth $10
on the grant date and $22 on the vesting date.
Bark Ages estimates the forfeitures of 5% in 2021; actual forfeitures were 10%.
What is the compensation expense the year ended December 31, 2022?
The compensation expense for the year ended December 31, 2022, for Bark Ages is $348,092.
To calculate the compensation expense, we need to consider the number of options vested and the fair value of the options on the vesting date.
The number of options vested is calculated by multiplying the total options granted by the forfeiture rate. In this case, the total options granted is 90,296, and the forfeiture rate is 10%, resulting in 90,296 * (1 - 0.10) = 81,266 options vested.
The fair value of the options on the vesting date is $22 per option. Therefore, the compensation expense is calculated by multiplying the number of options vested by the fair value per option: 81,266 * $22 = $1,787,852.
However, we need to consider the period from January 1, 2021, to December 31, 2022. Since the options vest on January 1, 2023, the compensation expense needs to be recognized over the two-year period.
Therefore, we divide the total compensation expense by the vesting period in years: $1,787,852 / 2 = $893,926.
Finally, we need to account for the overestimation of forfeitures. The estimated forfeitures were 5%, but the actual forfeitures were 10%. To adjust for this, we multiply the calculated compensation expense by the difference in forfeiture rates: $893,926 * (1 - 0.05) / (1 - 0.10) = $348,092.
Thus, the compensation expense for the year ended December 31, 2022, is $348,092 for Bark Ages.The compensation expense for the year ended December 31, 2022, for Bark Ages is $348,092.
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A US company expects €1,250,000 in repatriated profits from its German subsidiary six months from today. Currently, the spot rate is US $1.0550/€, and the six-month forward rate is US $1.0300/€. Suppose that in the options market, the six-month put option premium is US $0.0012 per euro and the exercise price is $1.0310.
(a) Describe the strategies the US company can undertake to hedge the currency risk with forwards and options. What are pros and cons of each strategy?
(b) If in six months the spot rate is US $1.02/€, what are the profits and losses on the hedging strategies? What if the spot rate turns out to be US $1.04/€?
(c) If euro futures are also available, how will the firm hedge the currency risk with futures? What are the differences between futures and forwards?
a) Hedging the currency risk with forwards:If the US company decides to hedge with forward contracts, it will sell the €1,250,000 at the six-month forward rate of $1.0300/€, guaranteeing that it will receive $1,287,500 at the expiration date of the contract.
The advantage of using forwards is that there is no upfront cost, only a change in the expected cash flows that could occur due to movements in the exchange rate. The disadvantage is that the company would lose out on potential profits if the spot exchange rate was more favorable than the forward rate.
The US company can also hedge using a put option on euros. If the spot rate falls below the strike price of $1.0310, the company can exercise the put option and sell €1,250,000 at the strike price, guaranteeing a minimum of $1,288,750 ($1.0310 x €1,250,000).
If the spot rate is higher than the strike price, the company can simply let the option expire. The advantage of using options is that there is a capped upfront cost, unlike forwards where there is no upfront cost but the company is guaranteed a certain rate. The disadvantage is that if the spot rate remains above the strike price, the company loses the premium paid for the put option
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Blossom Company must decide whether to make or buy some of its components. The costs of producing 65,700 switches for its generators are as follows. Direct materials $31,000 Variable overhead $45,900 Direct labor $34,229 Fixed overhead $84,000 Instead of making the switches at an average cost of $2.97 ($195,129 + 65,700), the company has an opportunity to buy the switches at $2.71 per unit. If the company purchases the switches, all the variable costs and one-fourth of the fixed costs will be eliminated. $ Prepare an incremental analysis showing whether the company should make or buy the switches. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Blossom Company should buy the switches as it saves $23,735 ($195,129 - $171,394) in total costs.
The incremental analysis shows that if Blossom Company makes the 65,700 switches, the total cost will be $195,129. On the other hand, if they buy the switches, they will save the variable costs of $45,900 and one-fourth of the fixed costs which amount to $21,000 ($84,000/4).
Therefore, the total cost of buying the switches will be $171,394 ($170,000 + $1,394 freight cost).
The company will save $23,735 ($195,129 - $171,394) in total costs if they choose to buy the switches.
As a result, buying the switches is the better option for Blossom Company as it will lead to significant cost savings.
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Which of the following is not a cost driver? Select one: O a. number of machine hours O b. number of inspections Oc. number of setups O d. machining e. all of these are cost drivers
The correct option is( d). The cost drivers refer to the variables that affect the cost of producing a product or offering a service. These drivers are used to allocate costs, and they can vary depending on the business. Among the following options, machining is not a cost driver. What are cost drivers?
Cost drivers refer to the activity or volume-based factor that influences the costs of a particular product or service. For example, machine hours, material costs, labor hours, and other inputs could influence the final cost of a product. The cost drivers usually influence the cost of a product through variable costs and direct labor costs.
They are used in activity-based costing (ABC) systems to allocate the overhead costs to the final product. The options given in the question are:
a. number of machine hours
b. number of inspections
c. number of setups
d. machining
e. all of these are cost drivers.
Therefore, the correct option is d. machining.
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Suppose actual real GDP is $15 trillion and potential real GDP is $16 trillion. If the marginal propensity to consume (MPC) is 0.80 and government purchases increase by $100 billion, then lump- billion to sum taxes should change by $ 250 close this gap. Just enter a value. Do not include the "$" sign. Answer 1: 250 125 125.00
The lump-sum taxes should change by $4.9 trillion to close the GDP gap.
To close the GDP gap of $1 trillion ($16 trillion potential real GDP minus $15 trillion actual real GDP), we need to use fiscal policy to stimulate the economy.
The fiscal policy tools at our disposal are changes in government purchases and changes in taxes. According to the problem, government purchases increase by $100 billion. To calculate the required change in taxes, we can use the spending multiplier.
The spending multiplier is given by the formula:
Multiplier = 1 / (1 - MPC)
Given that the marginal propensity to consume (MPC) is 0.80, we can calculate the multiplier:
Multiplier = 1 / (1 - 0.80) = 1 / 0.20 = 5
To close the GDP gap of $1 trillion, we need to stimulate the economy by $1 trillion. Since government purchases increase by $100 billion, the remaining amount needs to be achieved through changes in taxes.
Change in taxes = (Multiplier x Change in GDP) - Change in government purchases
Change in taxes = (5 x $1 trillion) - $100 billion
Change in taxes = $5 trillion - $100 billion
Change in taxes = $4.9 trillion
Therefore, the lump-sum taxes should change by $4.9 trillion to close the GDP gap.
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