Question 1:The cost of the truck that should be recorded at the time of purchase is $46,408.
Question 2: The option for the office building that results in the lowest present value is to pay in three installments.
Question 3: The single amount that must be deposited in this account on January 1 of this year is $120,507.
Question 4: The single sum that must be deposited in the bank on January 1 of this year is $328,700.
Question 1:
The present value of $60,100 due 3 years from now is calculated using the present value of $1 factor for 3 years at 9%. The factor is 0.77218, so the present value is $60,100 * 0.77218 = $46,408.
Question 2:
The present value of $10,100 due 1 year from now is calculated using the present value of $1 factor for 1 year at 9%. The factor is 0.91743, so the present value is $10,100 * 0.91743 = $9,227. The present value of $10,100 due 2 years from now is calculated using the present value of $1 factor for 2 years at 9%. The factor is 0.84168, so the present value is $10,100 * 0.84168 = $8,396. The total present value of paying in three installments is $9,227 + $8,396 = $26,623. The present value of paying $28,100 immediately is calculated using the present value of $1 factor for 0 years at 9%. The factor is 1, so the present value is $28,100. Therefore, the option to pay in three installments has the lower present value.
Question 3:
The present value of $90,200 due 7 years from now is calculated using the present value of $1 factor for 7 years at 9%. The factor is 0.51318, so the present value is $90,200 * 0.51318 = $120,507.
Question 4:
The present value of 9 annual payments of $40,100 each, discounted at 9%, is calculated using the present value annuity factor for 9 years at 9%. The factor is 5.1318, so the present value is 9 * $40,100 * 5.1318 = $328,700.
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Managers of two firms with total assets of $200 million propose a merger. These managers must notify and give information to i. the Federal Trade Commission (FTC). ii. competitors in the affected market(s). A. Only ii is correct. B. Neither i nor ii are correct. C. Both i and ii are correct. D. Only i is correct.
Expert
Managers of two firms with total assets of $200 million propose a merger. These managers must notify and give information to the Federal Trade Commission (FTC) and competitors in the affected market(s). The correct option is (C)
Both i and ii are correct.
A merger is the amalgamation of two or more companies, organizations, or business entities into a single entity. A merger is typically done to expand the scale of a business to achieve synergy by combining strengths, weaknesses, and opportunities.
?The managers of two firms with total assets of $200 million propose a merger to increase market share, diversify the product line, reduce competition, and improve efficiency. Mergers might lead to economies of scale, the ability to transfer knowledge, reduction of waste and inefficiencies, and improved decision-making. Nonetheless, merger activities raise legal concerns such as monopolies and antitrust issues.
The Federal Trade Commission (FTC) is the agency that manages antitrust and consumer protection legislation in the United States. It is the body responsible for reviewing and scrutinizing mergers and acquisitions, especially those involving large and dominant firms that might lead to monopoly and antitrust issues. It is critical to notify and provide information to the FTC during the merger process to guarantee that it complies with antitrust regulations and does not damage competition and customer welfare.
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You currently have $10,000. What annual interest rate would you have to achieve to double your investment in 10 years. What interest rate would you need to triple it in 12 years?
An annual interest rate of approximately 9.56% would be required to triple the investment in 12 years.
To double the investment in 10 years, we can use the formula for compound interest:
A = P(1 + r/n)^(n*t)
where A is the final amount, P is the principal amount, r is the annual interest rate (in decimal form), n is the number of times the interest is compounded per year, and t is the time period in years.
We have P = $10,000 and we want to find r such that A = 2P after 10 years. Substituting these values, we get:
$20,000 = $10,000(1 + r/n)^(n*10)
Dividing both sides by $10,000, we get:
2 = (1 + r/n)^(n*10)
Taking the logarithm of both sides (base e), we get:
ln(2) = 10 * ln(1 + r/n)
Rearranging this, we get:
r/n = e^(ln(2)/10) - 1
Multiplying both sides by n, we get:
r = n(e^(ln(2)/10) - 1)
Assuming the interest is compounded annually (i.e., n = 1), we get:
r = e^(ln(2)/10) - 1 ≈ 0.0718
Therefore, an annual interest rate of approximately 7.18% would be required to double the investment in 10 years.
To triple the investment in 12 years, we can use the same formula with A = 3P and t = 12:
$30,000 = $10,000(1 + r/n)^(n*12)
Dividing both sides by $10,000, we get:
3 = (1 + r/n)^(n*12)
Taking the same steps as before, we arrive at:
r = n(e^(ln(3)/12) - 1)
Assuming the interest is compounded annually (i.e., n = 1), we get:
r = e^(ln(3)/12) - 1 ≈ 0.0956
Therefore, an annual interest rate of approximately 9.56% would be required to triple the investment in 12 years.
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Subject is* macroeconomics*
3b) Discuss the following statement "An increase in the Gross Domestic Product (GDP) is always associated with an increase in welfare and standards of living of a country". (10 marks).
An increase in GDP is not always synonymous with an increase in welfare and standards of living. Factors like income distribution, inclusiveness of growth, environmental sustainability, and debt financing must be considered to determine the true impact on a country's well-being.
The statement "An increase in the Gross Domestic Product (GDP) is always associated with an increase in welfare and standards of living of a country" is not entirely accurate and may not hold for every country. It is important to consider other factors that influence welfare and standards of living of the citizens such as income distribution and the type of economic growth achieved.
There are some situations where an increase in GDP could be associated with a decline in welfare and standards of living of a country. For instance, if the GDP growth is driven by the production of goods that pollute the environment or if the growth is driven by unsustainable debt financing. In such cases, the costs of environmental damage or debt could eventually undermine the welfare of the citizens and the standards of living.
Similarly, GDP growth could be skewed towards a few wealthy individuals and not be inclusive. This could lead to increased inequality and exclusion of the poor from benefiting from the GDP growth. Thus, it is essential to consider the inclusiveness of the growth to determine if it is actually leading to an increase in the welfare and standards of living of the people.
In conclusion, while an increase in GDP could lead to an increase in welfare and standards of living of a country, it is not always the case. Other factors such as income distribution, inclusiveness of the growth, environmental sustainability, and debt financing need to be considered to determine the actual impact of GDP growth on the welfare and standards of living of the people.
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Rotating workers to other departments is a
way to deal with career plateaus.
a. True b. False.
Rotating workers to other departments is a way to deal with career plateaus. - 'True'.
Rotating employees to other departments can be a positive way to deal with career plateaus by providing them with new challenges, learning opportunities, and professional development. Plateaus can occur when employees feel they are no longer learning, growing, or making progress in their current role or department.
By switching to a different department, they may encounter fresh challenges and learn new skills, which can help reignite their enthusiasm for work and enable them to develop professionally in a new direction.Rotating workers to other departments is a positive way to deal with career plateaus. This strategy provides opportunities for learning and growth, as well as a change of pace that can be energizing. It is important to note that this strategy is not appropriate for all situations.
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View Policies Current Attempt in Progress On June 1, 2022, Ivanhoe Company was started with an initial investment in the company of $19,250 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: Cash $4,840 Notes payable $12,480 Accounts receivable 4,270 Accounts payable 770 Service revenue 7,700 Supplies expense 780 Supplies 2,462 Maintenance and repairs expense 610 Advertising expense 400 Utilities expense 290 Equipment 23,700 Salaries and wages expense 1,000 Common stock 19,250 During June, the company issued no additional stock but paid dividends of $1,848. During June, the company issued no additional stock but paid dividends of $1,848. (a1) Prepare an income statement for the month of June. IVANHOE COMPANY Income Statement 69 69 tA $
Ivanhoe Company generated $7,700 in service revenue during the month of June 2022. After deducting expenses of $3,080, the company's net income for the period is $4,620.
To prepare an income statement for Ivanhoe Company for the month of June 2022, we need to calculate the total revenues and expenses for the period.
Income Statement for Ivanhoe Company - June 2022:
Service Revenue: $7,700
Expenses:
Supplies Expense: $780
Maintenance and Repairs Expense: $610
Advertising Expense: $400
Utilities Expense: $290
Salaries and Wages Expense: $1,000
Total Expenses: $3,080
Net Income: Service Revenue - Total Expenses
Net Income: $7,700 - $3,080
Net Income: $4,620
Therefore, the income statement for Ivanhoe Company for the month of June 2022 is as follows:
IVANHOE COMPANY
Income Statement - June 2022
Service Revenue: $7,700
Expenses:
Supplies Expense: $780
Maintenance and Repairs Expense: $610
Advertising Expense: $400
Utilities Expense: $290
Salaries and Wages Expense: $1,000
Total Expenses: $3,080
Net Income: $4,620
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. A new restaurant is ready to open for business. It is estimated that the food cost (variable cost) will be 10% of sales, while fixed cost will be $450,000. The first year’s sales estimates are $8. Calculate the firm’s operating breakeven level of sales.
2. A new restaurant is ready to open for business. It is estimated that the food cost (variable cost) will be 40% of sales, while fixed cost will be $404,361. The first year’s sales estimates are $1,250,000. Calculate the firm’s degree of operating leverage (DOL).
3. Maverick Technologies has sales of $3,000,000. The company’s fixed operating costs total $527,572 and its variable costs equal 60% of sales. The company’s interest expense is $500,000. What is the company’s degree of total leverage (DTL)?
4. Maverick Technologies has sales of $3,000,000. The company’s fixed operating costs total $500,000 and its variable costs equal 60% of sales, so the company’s current operating income is $700,000. The company’s interest expense is $477,869. What is the company’s degree of financial leverage (DFL)?
1. the firm's operating breakeven level of sales is $500,000.
2. the firm's degree of operating leverage (DOL) is approximately 2.17.
3. the company's degree of total leverage (DTL) is approximately 4.18.
4. the company's degree of financial leverage (DFL) is approximately 2.337.
1. To calculate the firm's operating breakeven level of sales, we need to find the sales level at which the firm's operating income is zero.
Fixed costs = $450,000
Variable costs = 10% of sales
Operating income = Sales - Variable costs - Fixed costs
Setting operating income to zero and solving for sales:
Sales - 0.10 * Sales - $450,000 = 0
0.90 * Sales = $450,000
Sales = $450,000 / 0.90
Sales = $500,000
Therefore, the firm's operating breakeven level of sales is $500,000.
2. The degree of operating leverage (DOL) measures the sensitivity of operating income to changes in sales. It can be calculated using the formula:
DOL = Contribution Margin / Operating Income
Contribution Margin = Sales - Variable Costs
Sales = $1,250,000
Variable costs = 40% of sales = 0.40 * $1,250,000
Fixed costs = $404,361
Contribution Margin = $1,250,000 - (0.40 * $1,250,000)
Contribution Margin = $1,250,000 - $500,000
Contribution Margin = $750,000
Operating Income = Sales - Variable Costs - Fixed Costs
Operating Income = $1,250,000 - $500,000 - $404,361
Operating Income = $345,639
DOL = $750,000 / $345,639
DOL ≈ 2.17
Therefore, the firm's degree of operating leverage (DOL) is approximately 2.17.
3. The degree of total leverage (DTL) combines the effects of both operating leverage and financial leverage. It can be calculated using the formula:
DTL = DOL * DFL
Sales = $3,000,000
Variable costs = 60% of sales = 0.60 * $3,000,000
Fixed operating costs = $527,572
Interest expense = $500,000
Contribution Margin = Sales - Variable Costs
Contribution Margin = $3,000,000 - (0.60 * $3,000,000)
Contribution Margin = $3,000,000 - $1,800,000
Contribution Margin = $1,200,000
Operating Income = Contribution Margin - Fixed operating costs
Operating Income = $1,200,000 - $527,572
Operating Income = $672,428
DOL = Contribution Margin / Operating Income
DOL = $1,200,000 / $672,428
DOL ≈ 1.785
DFL = Operating Income / (Operating Income - Interest Expense)
DFL = $672,428 / ($672,428 - $500,000)
DFL ≈ 2.344
DTL = DOL * DFL
DTL ≈ 1.785 * 2.344
DTL ≈ 4.18
Therefore, the company's degree of total leverage (DTL) is approximately 4.18.
4. The degree of financial leverage (DFL) measures the sensitivity of earnings per share (EPS) to changes in operating income. It can be calculated using the formula:
DFL = EBIT / (EBIT - Interest Expense)
Sales = $3,000,000
Variable costs = 60% of sales = 0.60 * $3,000,000
Fixed operating costs = $500,000
Operating Income = $700,000
Interest expense = $477,869
EBIT = Operating Income + Interest Expense
EBIT = $700,000 + $477,869
EBIT = $1,177,869
DFL = EBIT / (EBIT - Interest Expense)
DFL = $1,177,869 / ($1,177,869 - $477,869)
DFL ≈ 2.337
Therefore, the company's degree of financial leverage (DFL) is approximately 2.337.
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One of the traits of a good speaker is consistent verbal and non-verbal communication. Speakers who use non-verbal communication to reinforce their message can be seen as more credible. For this week's discussion, view the video below and comment on it. What are some non-verbals that can be distracting? What are some non-verbals that can reinforce the message? How can you, as a speaker, improve your non-verbal skills? What is one thing you can take away from the video to help improve your speech skills? For full points, please post at least one primary post and respond to at least two other posts by Sunday night. Waiting until Sunday to make your primary post will result in a grade reduction. (Please do not wait until Sunday to make your initial post, as others need to respond to something!) Full points will be based on the quality of your input and your interaction with other students in the class. (In other words, posting 'I agree' for several posts will not earn many points. Thoughtful, relevant submissions and constructive feedback to others will earn full points.) Please make sure to answer all of the questions in your first post. Look up: Decoding debate body language video
Consistent verbal and non-verbal communication is a trait of a good speaker. Speakers who use non-verbal communication to reinforce their message can be seen as more credible. Non-verbal communication is a powerful tool that can be used to reinforce verbal communication.
It has a significant impact on the effectiveness of a message delivered. Non-verbal communication includes gestures, facial expressions, posture, eye contact, tone of voice, and other body language. These can reinforce or distract from the verbal message.There are non-verbals that can be distracting, and there are non-verbals that can reinforce the message. The non-verbals that can distract from the message include fidgeting, looking away, slouching, speaking too fast or too slow, and not maintaining eye contact. In contrast, non-verbals that can reinforce the message include maintaining eye contact, nodding, using appropriate gestures, and speaking with confidence. To improve non-verbal skills, the speaker must first be aware of the non-verbal cues that they are sending. Practice maintaining eye contact, using appropriate gestures, and speaking with confidence. The speaker should also practice slowing down their speech, using pauses effectively, and using appropriate facial expressions.The video Decoding debate body language discusses the importance of non-verbal communication in debates.
One thing that a speaker can take away from the video to help improve their speech skills is the importance of maintaining eye contact. Eye contact is a powerful tool that can help the speaker connect with the audience and establish credibility. The speaker should make an effort to look at different parts of the audience while speaking. This will help them to engage the audience and make them feel included. Overall, non-verbal communication is a critical aspect of effective communication. A speaker who can use non-verbal communication to reinforce their message will be seen as more credible and persuasive.
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You are still mayor, and the next item on your agenda is COVID vaccine policy. In particular,
you have to decide whether, how, and how much to impact uptake of the vaccine in the city.
Suppose the vaccine can be produced at a constant cost (i.e. perfectly elastically) of $50/person.
For simplicity, assume there are 100 people in the city, and the demand curve is given by:
Qd = 90 − P
So, if the price is set at $89, 1 person will get it; if it’s set at -$10 (i.e. you pay people $10 to get
vaccinated), everyone will get it.
a) (1 point) Suppose that the city buys the vaccine and then sells it at cost ($50) to residents. How many people will get vaccinated? Show the equilibrium graphically.
b) (1 point) Suppose that the marginal social value curve of the vaccination is given by:
SB = 150 − Q
Plot this on the same graph as part b). Does it lie above or below the demand curve? Why?
c) (2 points) What is the efficient level of vaccinations given the social benefits and costs
described above? In other words, how many people will get vaccinated if everyone gets
vaccinated whose social benefit is above the cost (and no one else)?
d) (1 point) Based on what you found in parts a) and c), explain why charging at cost ($50) for a
vaccination leads to inefficiently low vaccination rates.
a) If the city buys the vaccine and sells it at cost ($50) to residents, the number of people who will get vaccinated can be determined by finding the equilibrium point where the demand curve intersects the price line of $50. From the demand curve Qd = 90 - P, we can set P = $50 and solve for Qd: Qd = 90 - 50 = 40. Therefore, 40 people will get vaccinated.
Graphically, the equilibrium point can be shown on a graph with quantity (Q) on the vertical axis and price (P) on the horizontal axis. Plotting the demand curve Qd = 90 - P and the price line of $50, the equilibrium point is where they intersect, indicating the number of people who will get vaccinated.
b) The marginal social value curve of vaccination, SB = 150 - Q, represents the additional social benefit gained from each additional vaccination. When plotted on the same graph as the demand curve, it lies above the demand curve. This is because the social benefit curve reflects the total benefit to society, which includes the individual demand as well as the external benefits associated with vaccination, such as reduced transmission of the disease and improved public health.
c) The efficient level of vaccinations can be determined by comparing the social benefit (SB) with the cost of vaccination ($50). Individuals should be vaccinated if their social benefit (SB) is greater than or equal to the cost ($50). From the social benefit curve SB = 150 - Q, we can set SB = $50 and solve for Q: 150 - Q = 50, which gives Q = 100. Therefore, if everyone whose social benefit is above the cost gets vaccinated, the efficient level of vaccinations is 100 people.
d) Charging at cost ($50) for a vaccination leads to inefficiently low vaccination rates because it does not account for the full social benefits associated with vaccination. The cost-based pricing does not capture the external benefits to society, such as reduced disease transmission and improved public health. By setting the price at the cost, the demand may not reach the efficient level of vaccinations where the social benefits outweigh the costs. In this case, the cost-based pricing results in a suboptimal allocation of resources and a lower vaccination rate than the socially optimal level.
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Describe FOUR (4) functions of management in achieving an organization's purpose . List SIX (6) factors that determines a manager's ethical behavior
1. The four (4) functions of management are planning, organizing, leading and controlling.
2. The SIX (6) factors that determines a manager's ethical behavior are individual characteristics, social factors,organization culture, legal factors, workplace environment and reinforcement mechanisms.
1. The four (4) functions of management in achieving an organization's purpose are described below:
Planning: It refers to the procedure of selecting objectives, outlining policies and procedures to achieve these objectives, and allocating resources to implement the policies and procedures. Planning provides the foundation for decision-making and aids in the efficient and successful attainment of organizational objectives. The planning process includes setting objectives, developing policies, creating procedures, developing strategies, and specifying budgets and schedules.Organizing: Organizing includes designing, building, and maintaining a framework of activities that allows a business to achieve its objectives. It also includes developing an organizational structure, delegating responsibility and authority, and assigning tasks and duties to employees, as well as ensuring that resources are allocated efficiently.Leading: The act of encouraging and guiding people toward the achievement of organizational objectives is referred to as leading. It necessitates the establishment of a culture of motivation and collaboration among employees, as well as the provision of guidance and support to team members, as well as the resolution of conflicts and tensions. In addition, leading involves the use of inspiration, vision, and communication to effectively communicate with employees.Controlling: Controlling is the process of regulating, tracking, and checking organizational activities to ensure that they are in line with predetermined goals and standards. Managers must develop an effective control mechanism that tracks progress and performance, and determines any problems or deficiencies in the organizational activities.2. The six (6) factors that determine a manager's ethical behavior are listed below:
Individual Characteristics: It includes factors such as age, gender, personality traits, and values, which can affect ethical decision-making and conduct.Social Factors: Ethical behavior is influenced by factors such as social norms, peer pressure, social responsibilities, and group dynamics.Organizational Culture: A company's ethical culture and policies can have a significant impact on its employee's ethical behavior. Ethical standards that are clearly defined and effectively communicated can improve ethical decision-making processes.Legal Factors: Managers must adhere to a variety of legal requirements, such as legislation, regulations, and corporate governance codes. Failure to comply with these rules can lead to significant legal and financial consequences for the company and the individual.Reinforcement Mechanisms: Ethical conduct should be encouraged and incentivized. Effective reward systems, such as bonuses, promotions, and recognition, can promote and support ethical decision-making processes.Workplace Environment: The work environment may include ethical pressures that influence ethical decision-making processes. It includes aspects such as compensation structure, competition, and business practices that can affect ethical conduct.To know more about functions of management, visit https://brainly.com/question/30793932
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Calculating and Recording Overhead Applied. Assume Quality Fumiture, Inc, discussed in Problem 36, uses activity-based costing. aquired: 1. Using the data presented at the beginning of Problem 36, calculate the predetermined overhead rate for each activity. 2. The following activity associated with the desk product was reported for the month of March. Using the predetermined overhead rates calculated in requirement a, determine the amount of overhead applied to the desk product for the month of March. 3. Make the journal entry to record overhead applied to the desk product for the month of March. 4. Assume you are the manager of the desk product line and would like to reduce the amount of overhead costs being applied to your products. Which activity would you focus on first? Why?
The manager should focus on reducing Activity 3 (setups) first, as it has the highest allocation rate per unit. By streamlining setups, overhead costs can be minimized, leading to cost savings and improved profitability for the desk product line.
The manager should prioritize reducing Activity 3 (setups) as it has the highest allocation rate per unit, which implies that it consumes a significant portion of overhead costs. By focusing on optimizing and streamlining the setup process, the manager can reduce the number of setups required, ultimately leading to lower overhead costs being allocated to the desk product line. This approach aims to achieve cost savings and enhance profitability by addressing the activity with the greatest impact on overhead expenses.
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Pete Morton is planning to go to graduate school in a program of study that will take three years. Pete wants to have $12,000 available each year for various school and living expenses. Use Exhibit 1-D. If he earns 5 percent on his money, how much must he deposit at the start of his studies to be able to withdraw $12,000 a year for three years? (Round PVA factor to 3 decimal places and final answer to the nearest whole dollar.) Deposit
Pete must deposit $33,695 at the start of his studies to be able to withdraw $12,000 a year for three years.
To calculate the amount Pete must deposit, we can use the Present Value of an Annuity (PVA) formula.
The formula for PVA is PVA = PMT x (1 - (1 + r)^(-n)) / r,
where PMT is the annual withdrawal amount, r is the interest rate per period, and n is the number of periods.
Given that PMT is $12,000, r is 5% or 0.05, and n is 3 years, we can substitute these values into the formula and calculate PVA. Using a financial calculator or spreadsheet, the PVA comes out to be approximately $33,695. This means that Pete must deposit $33,695 at the start of his studies to be able to withdraw $12,000 a year for three years.
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Human- vs Non-human Capital Think of an example in your life where human capital was in conflict with non-human capital and describe it. Which had the power advantage in your example, and why?
Recipr
I was working as a software engineer at a large tech company. I was assigned to a project that required me to use a new piece of software that I had never used before. The software was very complex and difficult to learn, and I was struggling to make progress.
I spent several weeks trying to learn the software, but I was not making much headway. I was starting to get frustrated, and I was worried that I would not be able to complete the project on time.
One day, I decided to take a different approach. I went to the library and checked out a book on the software. I also found some online tutorials that helped me to understand how the software worked.
After a few days of studying, I finally understood how to use the software. I was able to make significant progress on the project, and I was able to complete it on time.
In this example, human capital (my knowledge and skills) had the power advantage over non-human capital (the software). The software was complex and difficult to learn, but I was able to overcome these challenges by using my own knowledge and skills.
The solution to this conflict was for me to learn how to use the software. However, the indirect solution was for me to invest in my own human capital by reading a book and watching online tutorials. By doing this, I was able to gain the knowledge and skills that I needed to overcome the challenge of using the software.
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Overview In this assignment you will help SSB, Inc. with their procurement process. Specifically you will 1. Define their procurement process in terms of the physical flow 2. Execute one of five instances of the process on paper. That is, you will create the various documents needed and ensure that the correct data is included in each document 3. Generate reports based on the data in the documents The business process The process used by SSB is similar to the one described in Chapter 3. However, there are some differences. These differences are explained below and you must incorporate them in your assignment 1. After evaluating the current process, it is determined that the process will be more efficient if Tim Jones initiates the process (ie, creates the requisition) instead of David Bloomburg. This is because Tim is more aware of the state of inventory than David as Tim is constantly in the Warehouse. However, David must approve all requisitions. 2. SSB's agreements with vendors has changed as follows: a. All shipments will now include an additional 10% in shipping costs for orders under $2000 b. Payment terms are 1% 10/ Net 30
Based on the provided information, there are two key aspects to address in the procurement process for SSB, Inc.
Firstly, the revised procurement process involves Tim Jones initiating the process by creating the requisition, as he has better knowledge of the inventory. However, David Bloomburg still needs to approve all requisitions. This change ensures a more efficient process by leveraging Tim's expertise in inventory management while maintaining the necessary oversight and approval from David.
Secondly, SSB's agreements with vendors have been updated. All shipments now include an additional 10% in shipping costs for orders under $2000. This change accounts for the shipping expenses associated with smaller orders. Additionally, the payment terms have been set as 1% 10/ Net 30. This means that if the payment is made within ten days, a 1% discount can be availed, while the full payment is due within 30 days.
In order to complete the assignment effectively, you should create the necessary documents for the procurement process, ensuring that the correct data is included in each document. This includes the requisition created by Tim, the approval from David, and any other relevant documents specific to SSB's procurement process. Finally, generate reports based on the data in these documents to provide an overview of the procurement activities and facilitate informed decision-making for SSB, Inc.
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Securities with a higher duration value have lower price risk. Select one:
A. False B. True
The difference between the real rate of interest and the nominal rate (ignoring the cross-product term) is equal to the inflation premium. Select one:
A. True B. False
Securities with a higher duration value have lower price risk. Answer: B. False.
The difference between the real rate of interest and the nominal rate is equal to the inflation premium. Answer: B. False.
The duration of a security measures its sensitivity to changes in interest rates. Generally, securities with higher durations are more sensitive to interest rate changes and therefore have higher price risk. As interest rates increase, the prices of securities with higher durations tend to decrease more compared to securities with lower durations. Thus, securities with higher duration values have higher price risk, not lower.
The difference between the real rate of interest and the nominal rate includes both the inflation premium and the expected rate of return on the investment. The real rate of interest is the nominal rate minus the inflation rate. Therefore, the difference between the real rate of interest and the nominal rate (ignoring the cross-product term) is equal to the expected rate of return on the investment, not just the inflation premium.
In conclusion, securities with higher duration values have higher price risk (False), and the difference between the real rate of interest and the nominal rate (ignoring the cross-product term) is equal to the expected rate of return on the investment, not just the inflation premium (False).
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foreign purchases of Canadian 1 point goods and services expenditure approach final products disposable income double counting exports GDP identity durable goods capital stock expenditure equation government purchases
Foreign purchases of Canadian goods and services contribute to GDP through the expenditure approach.
The expenditure approach is one of the methods used to calculate GDP (Gross Domestic Product). It measures GDP by summing up the total expenditures made on final goods and services within an economy. Foreign purchases of Canadian goods and services, also known as exports, are considered as part of the expenditure component of GDP. These exports represent spending by foreign entities on Canadian-produced goods and services, contributing to the overall GDP of Canada.
In the expenditure approach, GDP is calculated by summing up the following components: consumption (household spending), investment (business spending on capital goods), government purchases (government spending), and net exports (exports minus imports). Foreign purchases of Canadian goods and services fall under the net exports component, which represents the difference between exports and imports. Therefore, these foreign purchases play a significant role in determining the GDP of Canada.
In more detail, GDP represents the total value of final goods and services produced within a country's borders during a specific time period. It is important to avoid double counting in the calculation of GDP, which refers to counting the same value multiple times. To prevent double counting, GDP focuses on the value of final products, excluding intermediate goods and services that are used in the production process. By using the expenditure approach, which includes net exports, foreign purchases of Canadian goods and services are appropriately accounted for in determining Canada's GDP.
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Which of the following are examples of problems that might occur when trying to estimate a value-added for college professors? There might be multiple Answers
A) Students have lots of freedom to choose classes and so sorting of high ability students to certain types of classes (e.g. harder classes, better professors) will bias estimates.
B) Professors usually grade their own classes and so the measure we would likely use for value-added is largely subjective.
C) Studies have shown that professor value-added scores are statistically biased.
D) Professors all have the same quality making any measure of value-added irrelevant.
E) Student evaluations have been shown to be just as effective as value-added at measuring professor quality so there is no need for value-added measures.
The problems that might occur when estimating value-added for college professors include: A) Biased estimates due to student sorting, B) Subjectivity in grading by professors, C) Statistical bias in professor value-added scores.
A) Students’ freedom to choose classes may lead to biased estimates of value-added for college professors. If high-ability students tend to select certain types of classes or professors, the estimates may be skewed as student sorting impacts the results.
B) The subjective nature of professors grading their own classes can introduce a challenge in measuring value-added. Subjective grading practices may not accurately reflect the impact of a professor on student learning and outcomes.
C) Studies have demonstrated statistical bias in professor value-added scores, indicating potential issues with the accuracy and fairness of these measures.
D) The assumption that all professors have the same quality undermines the relevance of any measure of value-added, as it fails to account for variations in teaching effectiveness.
E) The statement that student evaluations are just as effective as value-added measures disregards potential limitations and biases of student evaluations, which may not capture the full scope of a professor’s impact on student learning.
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TMI Systems, a company that customizes software for construction cost estimates,
repaid a load obtained 3 years ago at 7% per year simple interest. If the amount that TMI
repaid was $ 120,000, calculate the principal of the loan.
Q1.44
What is the weighted average cost of capital for a corporation that finances an
expansion project using 40% retained earnings and 60% venture capital? Assume the interest
rates are 10% for equity financing and 16% for debt financing.
To calculate the principal of the loan, we can use the formula for simple interest:
Principal = Repayment Amount / (1 + (Interest Rate * Time))
Given that TMI Systems repaid $120,000 and the interest rate was 7% per year, we can substitute these values into the formula:
Principal = $120,000 / (1 + (0.07 * 3))
Calculating the right side of the equation:
Principal = $120,000 / (1 + 0.21)
Principal = $120,000 / 1.21
Principal ≈ $99,173.55
Therefore, the principal of the loan obtained by TMI Systems was approximately $99,173.55.
Regarding the second question about the weighted average cost of capital (WACC), we can calculate it using the formula:
WACC = (Equity Financing Percentage * Cost of Equity) + (Debt Financing Percentage * Cost of Debt)
Given that the financing percentages are 40% retained earnings and 60% venture capital, and the interest rates are 10% for equity financing and 16% for debt financing, we can substitute these values into the formula:
WACC = (0.40 * 0.10) + (0.60 * 0.16)
Calculating the right side of the equation:
WACC = 0.04 + 0.096
WACC = 0.136
Therefore, the weighted average cost of capital for the corporation financing the expansion project is 13.6%.
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Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84,200. The machine's useful life is estimated at 20 years, or 391,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,100 units of product.
The depreciation expense for the second year is $6,620.
To calculate the depreciation expense for the second year using the units-of-production method, we need to determine the depreciation cost per unit produced. Depreciation cost per unit = (Cost - Salvage value) / Total units of production
Cost = $84,200
Salvage value = $6,000
Total units of production = 391,000 units
Depreciation cost per unit = ($84,200 - $6,000) / 391,000 units
Depreciation cost per unit = $78,200 / 391,000 units
Depreciation cost per unit ≈ $0.20 per unit
Next, we can calculate the depreciation expense for the second year by multiplying the depreciation cost per unit by the units produced in the second year.
Depreciation expense for the second year = Depreciation cost per unit × Units produced in the second year
Depreciation expense for the second year = $0.20 per unit × 33,100 units
Depreciation expense for the second year = $6,620
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A contract between Drive&Go and a freight carrier provides Drive&Go with the use of a truck of a particular type for
10 years. The truck is identifiable by its license plate specified in the agreement. Drive& Go has exclusive use of the
truck; it determines when and where the truck can be utilized. Drive& Go determines which goods are to be
transported using the truck and where it can be parked. However, if the truck requires repairs and maintenance, the
freight carrier can substitute it with another similar truck.
Does the contract contain a lease?
a. Yes. The contract contains a fease. DrivesGo has exclusive use of the truck and determines when, where and what can be transported during the lease period so it is deemed to have ownership of the truck. b. Yes. The contract contains a lease. The truck is an identified asset in the contract. Drives 60 has the right to control the use of the asset for 10 years (being the lease term) because Drives Go has exclusive use of the truck and determines when, where and what to be transported during the lease period. c. No. The contract does not contain a lease. Drive\&Go does not have the right to control the use for 10 years because the freight carrier can substitute the truck for another during the period. d. No. The contract does not contain a lease. Drives.Go does not have the owhership of the truck (underlying asset) as there is no purchase option that permits DrivesGo to purchase the truck at the end of the lease.
(b.) Yes. The contract contains a lease. The truck is an identified asset in the contract. Drive&Go has the right to control the use of the asset for 10 years, which is the lease term.
To determine whether the contract contains a lease, we need to consider the criteria outlined in the lease accounting standards, such as the International Financial Reporting Standards (IFRS 16) or the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 842.
According to the provided information, Drive&Go has exclusive use of the truck for 10 years, which indicates control over the use of the underlying asset. The fact that the truck is identifiable by its license plate specified in the agreement further confirms that it is an identified asset.
Additionally, Drive&Go determines when, where, and what goods are transported using the truck, further indicating its control over the use of the asset.
The clause that allows the freight carrier to substitute the truck with another similar truck in case of repairs and maintenance does not negate the existence of a lease. Such substitution rights are common in lease contracts and do not necessarily negate the lessee's control over the asset.
Based on the information provided, the contract between Drive&Go and the freight carrier contains a lease. Drive&Go has the right to control the use of the truck, which is an identified asset, for 10 years, and determines when, where, and what goods are transported using the truck during the lease period.
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_______ ________ means to never stop improving processes in
order to improve customer satisfaction.
The phrase that means "to never stop improving processes in order to improve customer satisfaction" is "continuous improvement."
Continuous improvement means an ongoing effort to enhance the efficiency and quality of a company's products or services through regular review and refinement of all procedures, from design and production to delivery and customer service. Continuous improvement is based on the idea that even small improvements made consistently over time can have a significant impact on customer satisfaction, employee morale, and the company's bottom line.
It entails regular feedback from customers and employees, the implementation of new technology and processes, and an organizational culture that prioritizes innovation and excellence. Content loaded, on the other hand, refers to the amount of data or material stored on a website or other online platform, such as images, videos, text, and audio files.
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The following information is available for 2021for BAM Incorporated:
Revenue (200,000 units) $1,600,000
Manufacturing costs:
Materials cash costs 100,000
Variable overhead cash costs 80,000
Fixed overhead cash costs 125,000
Manufacturing depreciation 300,000
Marketing and administrative costs:
Variable marketing cash costs 200,000
Marketing depreciation 50,000
Administrative 180,000
Administrative depreciation 20,000
Total costs $1,055,000
Operating income $545,000
All depreciation charges are expected to remain the same for 2022. Sales volume is expected to increase by 25 percent, but prices are expected to fall by 10 percent. Material costs are expected to decrease by 10 percent. Variable manufacturing overhead cash costs are expected to decrease by 10 percent per unit. Fixed manufacturing cash overhead costs are expected to increase by 10 percent.
Variable marketing costs change with volume. Administrative cash costs are expected to increase by 5 percent. Inventories are kept at zero.
Required:
Prepare a budgeted income statement for 2022
The budgeted income statement for 2022 shows the projected revenue, cost of goods sold, gross profit, operating expenses, and operating income for BAM Incorporated. It reflects the expected changes in sales volume, prices, costs, and expenses for the upcoming year. Budgeted Income Statement for 2022:
Revenue:
Sales volume (225,000 units) * Selling price per unit = $1,440,000
Manufacturing Costs:
Materials cash costs (90% of 2021) = $90,000
Variable overhead cash costs per unit (90% of 2021) * Sales volume = $72,000
Fixed overhead cash costs (10% increase) = $137,500
Manufacturing depreciation (same as 2021) = $300,000
Marketing and Administrative Costs:
Variable marketing cash costs (25% increase in sales volume) = $250,000
Marketing depreciation (same as 2021) = $50,000
Administrative cash costs (5% increase) = $189,000
Administrative depreciation (same as 2021) = $20,000
Total Costs:
Total costs (sum of all manufacturing, marketing, and administrative costs) = $1,099,500
Operating Income:
Revenue - Total Costs = $340,500
Budgeted Income Statement for 2022:
Revenue: $1,440,000
Cost of Goods Sold:
- Materials: $90,000
- Variable Manufacturing Overhead: $72,000
- Fixed Manufacturing Overhead: $137,500
- Manufacturing Depreciation: $300,000
Total Cost of Goods Sold: $599,500
Gross Profit: Revenue - Cost of Goods Sold = $840,500
Operating Expenses:
- Variable Marketing Costs: $250,000
- Marketing Depreciation: $50,000
- Administrative Costs: $189,000
- Administrative Depreciation: $20,000
Total Operating Expenses: $509,000
Operating Income: Gross Profit - Total Operating Expenses = $331,500
To prepare the budgeted income statement for 2022, we consider the given information and the expected changes for the upcoming year.
- Revenue is calculated by multiplying the projected sales volume (225,000 units) by the expected selling price per unit.
- Manufacturing costs are adjusted based on the given changes. Material costs decrease by 10%, variable overhead cash costs decrease by 10% per unit, and fixed overhead cash costs increase by 10%.
- Marketing costs increase with the projected sales volume. Variable marketing costs are calculated based on the expected increase in sales.
- Administrative costs increase by 5%.
- Depreciation charges remain the same as in 2021.
- Total costs are calculated by summing up all the manufacturing, marketing, and administrative costs.
- Operating income is determined by subtracting the total costs from revenue.
The budgeted income statement for 2022 shows the projected revenue, cost of goods sold, gross profit, operating expenses, and operating income for BAM Incorporated. It reflects the expected changes in sales volume, prices, costs, and expenses for the upcoming year. This budgeted income statement provides valuable insights for financial planning and decision-making within the company.
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The "Creating the Best Workplace on Earth" article offers a number of suggestions about how to help workers be more productive in their jobs
Identify one suggestion from the article (pick only one) that you think your organization (or past organization if not currently employed) should adopt or improve (if your organization currently does all of them). Describe the suggestion and how it would be implemented or improved at your organization. Why would this suggestion lead to greater employee engagement at your organization?
What challenges do you think your organization will have implementing or improving your identified suggestion? What should your organization do to anticipate and overcome these challenges?
One suggestion from the "Creating the Best Workplace on Earth" article that could be adopted or improved in my organization is promoting a culture of continuous learning and development.
This suggestion involves providing opportunities for employees to enhance their skills, knowledge, and professional growth. Implementing this suggestion would involve offering training programs, workshops, mentoring, and coaching sessions to employees. Prioritizing employee development, would lead to greater employee engagement as employees feel valued, motivated, and equipped with the necessary skills to excel in their roles.
One challenge my organization may face in implementing or improving this suggestion is the allocation of resources, such as time and budget, for training and development initiatives. It may require additional financial investment and dedicated time from employees and managers. To anticipate and overcome these challenges, my organization should proactively plan and prioritize employee development by incorporating it into the company's strategic goals.
This could involve creating a dedicated budget for training programs, establishing partnerships with external training providers, and incorporating learning opportunities into employees' regular work schedules. Additionally, regular communication and feedback channels should be established to assess the effectiveness of the learning initiatives and make necessary adjustments. By addressing these challenges, my organization can create a culture that supports continuous learning and development, leading to increased employee engagement and overall organizational success.
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1. A US based firm exports its product to Mexico where it sells the product at a competitive price of 9,992.25 Pesos. The firm earns zero profit on this sale. If the current exchange rate is $1 US buys 22.5 pesos, then what is the cost of production for this firm in the US?
A) $438.0
B) $444.1
C) $460.5
D) $468.8
2. A US investor has $9,900 to invest for one year, either in the US, or in a Australian pension fund located in Perth, that pays 4.1% interest. Currently, $1 US buys 1.75 Australian dollars, and the investor believes the future rate will be Et+1 = 1.69. The investor claims to be exactly indifferent between the two options, implying that the US interest rate must be:
A) 5.9%
B) 7.8%
C) 8.9%
D) 10.4
The cost production will be is $444.1 i.e. the option B and the US interest rate will be 7.8% i.e. the option B.
The cost of production for the US firm can be calculated by dividing the competitive price in Pesos by the exchange rate. Given that the product is sold at 9,992.25 Pesos and the exchange rate is $1 US buys 22.5 pesos, the cost of production in US dollars is 9,992.25 Pesos / 22.5 pesos = $443.66. Rounding this to the nearest dollar, the cost of production for this firm in the US is approximately $444. Therefore, the correct answer is B) $444.1.
If the investor invests $9,900 in the US, the future value of the investment after one year will be $9,900 + ($9,900 x r), where r is the interest rate in the US.
If the investor chooses to invest in the Australian pension fund, the future value of the investment after one year will be $9,900 x (1 + 0.041) x (1.69/1.75), where 0.041 represents the interest rate in the Australian pension fund and 1.69/1.75 represents the exchange rate between the future and current time periods.
Setting these two future values equal to each other and solving for r, we can find the US interest rate. After calculating, the US interest rate is approximately 7.8%. Therefore, the correct answer is B) 7.8%.
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A Starbucks store consumes an average of 7,000 lbs of coffee beans every week. On average, it takes 2.5 days from the time of arrival to consumption for each pound of coffee beans in this store. Calculate average inventory of this item in this store?
The average inventory of coffee beans in the Starbucks store is 17,500 pounds multiplied by days. improve inventory management, reduce costs, and enhance customer satisfaction.
The average inventory of coffee beans in the Starbucks store can be calculated by multiplying the average weekly consumption by the average lead time. In this case, the average weekly consumption is given as 7,000 lbs of coffee beans, and the average lead time is 2.5 days. To calculate the average inventory, we multiply the average weekly consumption by the average lead time:
Average Inventory = Average Weekly Consumption * Average Lead Time
= 7,000 lbs * 2.5 days
= 17,500 lbs * days
Therefore, the average inventory of coffee beans in the Starbucks store is 17,500 pounds multiplied by days. This means that at any given point in time, the store has an estimated inventory of coffee beans equal to 17,500 pounds multiplied by the average lead time in days. The average inventory calculation provides an understanding of the quantity of coffee beans that the store needs to maintain in its inventory to meet the average weekly consumption and account for the average lead time. It helps in managing supply and demand, ensuring that the store has sufficient stock to fulfill customer orders without excessive inventory carrying costs.
By knowing the average inventory level, Starbucks can optimize its procurement and supply chain processes. It allows them to adjust their ordering frequency and quantities to align with the average consumption rate and lead time, ensuring that they maintain an appropriate stock of coffee beans in the store. This helps to prevent stockouts and reduce the risk of customer dissatisfaction. Furthermore, monitoring the average inventory over time can provide insights into the store's efficiency and effectiveness in managing its inventory. Significant deviations from the calculated average inventory may indicate issues with the supply chain, such as delays in delivery or excessive stock levels. This information can guide decision-making and help Starbucks make adjustments to improve inventory management, reduce costs, and enhance customer satisfaction.
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The one-year spot interest rate is r
1
=1.25% and the two-year interest rate is r
2
= 3.75%. If the expectation theory is correct, what is the expected one-year interest rate in one year's time?
expectation theory predicts that the expected one-year interest rate in one year's time will be 3.75%.
If the expectation theory is correct, the expected one-year interest rate in one year's time is 3.75%.Explanation:The expectation theory predicts the future interest rates based on the present yield curve, assuming that investors and lenders will be compensated at the same rate for lending at various maturities. The expectation theory explains how expected rates of interest or yields for different bonds can be used to explain the yield curve's current shape. The expectation theory assumes that long-term interest rates are determined by the average of short-term interest rates in the future. Therefore, the one-year interest rate expected one year from now is the rate investors expect to earn in one year's time. In this case, the one-year spot interest rate is r1=1.25% and the two-year interest rate is r2=3.75%.
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The North Shore Glass Company has a volume of 3,100,000 units per year. They are considering the purchase of two machines to support production. Both machines provide equal quality and are equally reliable. Machine A costs $37,000 per year plus a variable cost of $0.075 per shoe. Machine B costs $38,000 per year plus a variable cost of $0.065 per shoe. a. If cost and volume are the only considerations, which machine should they buy and why? b. If the volume of units changed from 3,100,000 could this change your recommendation? If so, what number of units per year would change your response? Explain?
Answer Place your final answer in the box.
a. Which machine and why?
b. New recommendation/number of units? Explain?
Machine B is the right choice because its total cost is lower than Machine A. There are two machines to choose from to support production. The production volume of North Shore Glass Company is 3,100,000 units per year. Cost and volume are the only factors to consider while making a decision.
Machine A costs $37,000 per year plus a variable cost of $0.075 per shoe. Machine B costs $38,000 per year plus a variable cost of $0.065 per shoe.
To know which machine should be selected and why, we need to calculate the cost of using each machine.
Machine A total cost = fixed cost + variable cost
= $37,000 + $0.075 * 3,100,000
= $37,000 + $232,500
= $269,500.
Machine B total cost = fixed cost + variable cost
= $38,000 + $0.065 * 3,100,000
= $38,000 + $201,500
= $239,500.
Therefore, Machine B is the right choice because its total cost is lower than Machine A.
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The Alpine House, Inc. is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount Total sales revenue $ 968,000 Selling price per pair of skis $ 440 Variable selling expense per pair of skis $ 48 Variable administrative expense per pair of skis $ 19 Total fixed selling expense $ 135,000 Total fixed administrative expense $ 120,000 Beginning merchandise inventory $ 65,000 Ending merchandise inventory $ 110,000 Merchandise purchases $ 315,000
1. Preparate a traditional income statement.
The Traditional Income Statement is:Sales $59,400,000 COGS $270,000 Gross Profit $59,130,000 Operating Expenses $9,300,000 Net Income $49,830,000. Given Information: Total sales revenue $ 968,000 Selling price per pair of skis $ 440 Variable selling expense per pair of skis $ 48 Variable administrative expense per pair of skis $ 19 Total fixed selling expense $ 135,000 Total fixed administrative expense $ 120,000 Beginning merchandise inventory $ 65,000 Ending merchandise inventory $ 110,000 Merchandise purchases $ 315,000.
We are to prepare a traditional income statement. The formula for the traditional income statement is:Traditional Income Statement:
Traditional Income Statement= Sales - Cost of goods sold (COGS) - Operating expenses
Sales: Sales= Selling price per pair of skis * Units sold Selling price per pair of skis = $440 Units sold = (Beginning inventory + Purchases during the period - Ending inventory)/2 Units sold = ($65,000+$315,000-$110,000)/2 Units sold = $270,000/2 Units sold = 135,000 Sales = Selling price per pair of skis * Units sold Sales = $440 * 135,000
Sales = $59,400,000
COGS: COGS = Beginning inventory + Purchases during the period - Ending inventory COGS = $65,000 + $315,000 - $110,000 COGS = $270,000
Gross Profit: Gross Profit = Sales - COGS Gross Profit = $59,400,000 - $270,000 Gross Profit = $59,130,000
Operating Expenses: Total variable expenses = Variable selling expense + Variable administrative expense per pair of skis Total variable expenses = $48 + $19 Total variable expenses = $67
Variable expenses = Total variable expenses * Units sold Variable expenses = $67 * 135,000
Variable expenses = $9,045,000
Total operating expenses = Fixed selling expense + Fixed administrative expense + Variable expenses
Total operating expenses = $135,000 + $120,000 + $9,045,000
Total operating expenses = $9,300,000
Net Income: Net income = Gross profit - Total operating expenses
Net income = $59,130,000 - $9,300,000
Net income = $49,830,000.
Therefore, the Traditional Income Statement is:Sales $59,400,000 COGS $270,000 Gross Profit $59,130,000 Operating Expenses $9,300,000 Net Income $49,830,000.
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You earn $3,000 per month and spend about $2000 per month on food and $1000 per month on rental apartment housing. Ceteris paribus, which of the following can we inter with respect to elasticity?
A. The price elasticity of demand for both food and apartments is elastic.
B. The price elasticity of demand for both food and apartments is inelastic.
C. The price elasticity of demand for food is less elastic than apartments.
D. The price elasticity of demand for food is more elastic than apartments.
E. We cannot infer anything because it all depends on what is necessity and what is a luxury good
E. We cannot infer anything because it all depends on what is a necessity and what is a luxury good.
The concept of elasticity measures the responsiveness of demand to changes in price. It depends on various factors, including the nature of the goods or services being considered.
In this case, without further information, we cannot determine the price elasticity of demand for food and apartments solely based on income and expenditure data. Elasticity varies across different goods and services, and it is influenced by factors such as availability of substitutes, necessity vs. luxury status, and consumer preferences.
For example, if food is considered a necessity and has limited substitutes, the price elasticity of demand for food may be relatively inelastic. On the other hand, if apartments are considered a luxury and have more substitutes available, the price elasticity of demand for apartments may be relatively elastic.
Given the limited information provided, it is not possible to make a definitive statement about the price elasticity of demand for food and apartments. Further analysis is needed, taking into account the specific characteristics of each good and consumer preferences.
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The term Strategic Business Unit (SBU) is often used and described in several ways. Which of the following would not be a meaningful description or characterization of an SBU as you understand it? a. A U.S. firm's international product division b. A single line of products for a multi-product company c. All of the companies competing in an industry d. A separate profit center in a large corporation e. An individual brand.
The option that would not be a meaningful description or characterization of a Strategic Business Unit (SBU) is: c. All of the companies competing in an industry.
A Strategic Business Unit (SBU) refers to a distinct organizational unit within a bigger corporation when it functions independently and has its own management, strategy, and objectives. Usually, it is accountable for its own gains and losses. An SBU indicates a particular division or unit within a single corporation rather than being equal to all the businesses that compete in a given industry.
All of the companies competing in an industry: This choice does not adequately describe an SBU. An organisational unit within a single firm, not across numerous companies, is referred to as an SBU. Within the bigger organization, it stands for a distinct section or department that operates on its own and is responsible for its own results.
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write a research about problems encountered when
using. ESS PAY PORTAL, write 10 pages introduction, problems, and
conclusion,
ESS Pay Portal is an electronic payment system that is designed to manage the payment of employee’s salary, benefits, and expenses.
This system offers a platform that allows employees to easily access their salary payments, benefits, and expenses. The system offers a number of benefits including reducing the cost of processing payroll, improving employee satisfaction, and increasing productivity.
However, despite these benefits, the system has encountered a number of challenges that have impacted its efficiency. This research paper discusses the challenges that are encountered when using the ESS Pay Portal system. The paper is divided into three sections, namely the introduction, problems, and conclusion. Problems encountered when using the ESS Pay Portal
1. Technical issues One of the main problems encountered when using the ESS Pay Portal system is technical issues. The system is prone to technical glitches, which often result in system downtime. This means that employees are unable to access their payment information, benefits, and expenses. This can cause frustration and inconvenience for employees who rely on the system to manage their finances. Moreover, technical issues can lead to delays in processing payroll, which can cause a backlog in payments. This can result in employees receiving their salaries late, which can impact their financial stability.
2. Security issues Another problem encountered when using the ESS Pay Portal system is security issues. The system is vulnerable to cyber-attacks, which can result in the loss of sensitive data. Hackers can use this data for malicious purposes such as identity theft or financial fraud. This can cause a significant loss to the organization and the employees. Moreover, security breaches can damage the reputation of the organization, which can impact its ability to attract and retain employees.
3. User experience issues Another problem encountered when using the ESS Pay Portal system is user experience issues. The system is complex and requires a certain level of technical expertise to navigate. This can be a challenge for employees who are not tech-savvy, resulting in frustration and confusion. Moreover, the system may not be user-friendly, which can impact the adoption rate among employees.
If employees do not use the system, the organization will not be able to achieve the benefits of the system. In conclusion, the ESS Pay Portal system has encountered a number of challenges that have impacted its efficiency. These challenges include technical issues, security issues, and user experience issues. Addressing these challenges will require a multi-pronged approach that involves improving the technical infrastructure, enhancing security protocols, and improving the user interface.
By addressing these challenges, organizations can ensure that their employees are able to access their payment information, benefits, and expenses in a timely and secure manner. This will enhance employee satisfaction, improve productivity, and reduce the cost of processing payroll.
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