Explain the economic process involved with Minimum Wage.
a) What is the economic concept that we learned in class that is associated with the
Minimum Wage? (1 Mark) Explain it (3 Marks).
b) Introducing a minimum wage into the economy will "artificially" force what economic concept that is discussed in Chapter 2 to come about? (1 Mark) Explain it and use the labour market as an example in your explanation. (3 Marks)
c) Use your example to provide two economic arguments for or against the
implementation of the minimum wage in Toronto, Canada. (4 Marks).
d) If there is an increase of government regulations among firms in the labour market, will the supply curve or demand curve shift? (1 Mark)
e) Would it be an increase or decrease? (1 Mark)
f) What effect could this shift have on the minimum wage situation? (2 Marks)

Answers

Answer 1

a) The economic concept associated with Minimum Wage is price floor. b) Introducing a minimum wage into the economy will “artificially” force the economic concept of wage floor to come about. c) Two economic arguments for the implementation of the minimum wage in Toronto, Canada are that it would help raise the wages of lower-income individuals, reduce poverty, and help stabilize the incomes of those with lower-earning capacities. d) If there is an increase of government regulations among firms in the labour market, the supply curve will shift.
e) The shift would be an increase. f) An increase in government regulations could lead to an increase in wages for workers,

In the case of Minimum Wage, it is a law set by the government that all employers must pay workers a certain minimum wage. Wage floor is when a government sets a minimum wage that employers must pay their workers. This affects the labour market because employers must raising the labour price.

Conversely, two arguments against the implementation of the minimum wage are that it may result in a reduction of available jobs and it may reduce the competitiveness of the labour market if wages become too high.

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Related Questions

Lancaster Lumber buys $8 million of materials (net of discounts) on terms of 3/5, net 45; and it currently pays on the 5th day and takes discounts. Lancaster plans to expand, which will require additional financing. Assume 365 days in year for your calculations.
A. If Lancaster decides to forgo discounts, how much additional credit could it obtain? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest cent.
$___
B. What would be the nominal cost of that credit? Do not round intermediate calculations. Round your answer to two decimal places.
___%
C. What would be the effective cost of that credit? Do not round intermediate calculations. Round your answer to two decimal places.
___
D. % If the company could get the funds from a bank at a rate of 11%, interest paid monthly, based on a 365-day year, what would be the effective cost of the bank loan? Do not round intermediate calculations. Round your answer to two decimal places.
___%

Answers

A. If Lancaster decides to forgo discounts, the additional credit obtained is $240,000. B. The nominal cost of that credit is 21.90%. C. The effective cost of that credit is 25.64%.  D. The effective cost of the bank loan is 11.57%.

A. If Lancaster decides to forgo discounts, it could obtain additional credit of $240,000. This is calculated as follows:

Discount amount = $8,000,000 x 0.03 = $240,000
Additional credit = $240,000

B. The nominal cost of that credit would be 21.90%. This is calculated as follows:

Discount percentage = 3% / 97% = 0.03093
Days in credit period = 45 - 5 = 40
Nominal cost of credit = (0.03093 x 365) / 40 = 0.2190 or 21.90%

C. The effective cost of that credit would be 25.64%. This is calculated as follows:

Effective cost of credit = (1 + (0.03093 / 0.96907))^ (365 / 40) - 1 = 0.2564 or 25.64%

D. The effective cost of the bank loan would be 11.57%. This is calculated as follows:

Effective cost of bank loan = (1 + (0.11 / 12))^12 - 1 = 0.1157 or 11.57%

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Mr. Smith is purchasing a $ 90000 house. The down payment is 20% of the price of the house. He is given the choice of two mortgages: a) a 25-year mortgage with an annual interest rate of 10 %, with interest compounded monthly.
Find (i) the monthly payment: $
(ii) the total amount of interest paid: $
b) a 15-year mortgage with an annual interest rate of 10 %, with interest compounded monthly.
Find (i) The monthly payment: $
(ii) the total amount of interest paid: $

Answers

The down payment for the house is 20% of $90000, which is $18000. Therefore, the amount of the mortgage is $90000 - $18000 = $72000.

For the 25-year mortgage:

(i) The monthly payment can be calculated using the formula: P = (r*A)/(1-(1+r)^(-n)), where P is the monthly payment, r is the monthly interest rate, A is the amount of the mortgage, and n is the number of payments. In this case, r = 10%/12 = 0.008333, A = $72000, and n = 25*12 = 300. Plugging these values into the formula gives:

P = (0.008333*$72000)/(1-(1+0.008333)^(-300))

P = $657.36

(ii) The total amount of interest paid is the total amount paid minus the amount of the mortgage: (300*$657.36) - $72000 = $197208 - $72000 = $125208

For the 15-year mortgage:

(i) The monthly payment can be calculated using the same formula, but with n = 15*12 = 180. Plugging these values into the formula gives:

P = (0.008333*$72000)/(1-(1+0.008333)^(-180))

P = $733.76

(ii) The total amount of interest paid is the total amount paid minus the amount of the mortgage: (180*$733.76) - $72000 = $132076.8 - $72000 = $60076.8

Therefore, the monthly payment for the 25-year mortgage is $657.36 and the total amount of interest paid is $125208. The monthly payment for the 15-year mortgage is $733.76 and the total amount of interest paid is $60076.8.

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You are planning to start your new online business in Malaysia (select any business of your choice). Briefly discuss the relative influence of Porter’s FIVE (5) forces model on your business. You are required to discuss each factor in both theoretical and application point of view.
(Total 20 marks)

Answers

Porter's Five Forces Model is a useful tool for analyzing the competitive forces that influence a business. These forces include the threat of new entrants, the bargaining power of suppliers, the bargaining power of buyers, the threat of substitute products or services, and the intensity of competitive rivalry.


1. Threat of new entrants: The threat of new entrants in the e-commerce industry is relatively high due to the low barriers to entry. However, my business has a unique selling proposition in that it focuses on handmade crafts from local artisans in Malaysia. This niche market may help to mitigate the threat of new entrants.

2. Bargaining power of suppliers: The bargaining power of suppliers is relatively low in my business, as there are a large number of artisans and crafters in Malaysia who are looking for an online platform to sell their products. This gives my business the ability to negotiate favorable terms with suppliers.

3. Bargaining power of buyers: The bargaining power of buyers is also relatively low in my business, as there are a limited number of online platforms that specialize in handmade crafts from Malaysia. This gives my business the ability to set prices and terms that are favorable to us.

4. Threat of substitute products or services: The threat of substitute products or services is relatively low in my business, as there are few online platforms that specialize in handmade crafts from Malaysia. This gives my business a competitive advantage and helps to mitigate the threat of substitutes.

5. Intensity of competitive rivalry: The intensity of competitive rivalry is relatively high in the e-commerce industry, as there are a large number of online platforms competing for customers. However, my business has a unique selling proposition in that it focuses on handmade crafts from local artisans in Malaysia. This may help to mitigate the intensity of competitive rivalry.

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There are THREE (3) types of managers in Project Management. There are a project manager, program manager and portfolio manager. List the differences in a form of table by comparing each type of managers. (Authority, power, decision making and so on). Create a list at least FIVE (5) and above for the comparison.[15 marks]

Answers

The Three (3) types of managers in Project Management are project manager, program manager and portfolio manager.

 
Manager Type: Project Manager
Authority: Has authority over the project team and project resources
Power: Has the power to make decisions related to the project
Decision Making:  Responsible for making decisions related to the project
Scope of Responsibility: Responsible for the successful completion of the project
Role: Oversees the planning, execution, and completion of the project

Manager Type: Program Manager
Authority: Has authority over multiple related projects
Power: Has the power to make decisions related to the program
Decision Making: Responsible for making decisions related to the program
Scope of Responsibility: Responsible for the successful completion of the program
Role: Oversees the planning, execution, and completion of the program  
 
Manager Type: Portfolio Manager
Authority: Has authority over multiple programs and projects
Power: Has the power to make decisions related to the portfolio
Decision Making: Responsible for making decisions related to the portfolio
Scope of Responsibility: Responsible for the successful completion of the portfolio
Role: Oversees the planning, execution, and completion of the portfolio

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Calculate the value of a bond that matures in eight years, pays interest annually and has a $1000 par value. The coupon interest rate is 11 % and the market's required yield to maturity on a comparable risk bond is 12%.

Answers

The value of the bond is $950.32.

To calculate the value of a bond, we can use the formula:

Bond value = C * [(1 - (1 + r)^-n)/r] + F * (1 + r)^-n

Where:
C = annual coupon payment
r = market's required yield to maturity
n = number of years until maturity
F = par value of the bond

In this case, C = $1000 * 0.11 = $110
r = 0.12
n = 8
F = $1000

Plugging these values into the formula, we get:

Bond value = $110 * [(1 - (1 + 0.12)^-8)/0.12] + $1000 * (1 + 0.12)^-8

Bond value = $110 * [4.96764] + $1000 * 0.40388

Bond value = $546.44 + $403.88

Bond value = $950.32

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A company has the following data:
Annual demand = 2,500 units
Ordering cost = $15 per order
Average carrying cost per unit per year = $0.75
Daily demand = 65 units
Delivery in 5 working days
Setup cost = $100
Carrying cost = $0.50 per unit per year
Daily production rate = 100 units daily
Daily demand rate = 75 units daily
Find
a. optimal order quantity EOQ to reduce inventory costs
b. total cost
c. Number of orders per year
d. Average inventory
e. The average dollar level of inventory
f. EOQ if we increase Co to $40
g. Reorder point (ROP)
h. How many units should Brown produce in each batch?
i. How long should the production part of the cycle last?

Answers

a. Optimal order quantity EOQ to reduce inventory costs: 244.95 units

EOQ = √(2DS/C)

= √(2*2500*$15/$0.75)

= √(60,000) = 244.95 units



b. Total cost: $275.13

Total cost = (D/EOQ)*S + (EOQ/2)*C

= (2500/244.95)*$15 + (244.95/2)*$0.75

= $183.28 + $91.85 = $275.13



c. Number of orders per year: 10.20

Number of orders per year = D/EOQ

= 2500/244.95

= 10.20 orders per year



d. Average inventory: 122.48 units

Average inventory

= EOQ/2

= 244.95/2

= 122.48 units

e. The average dollar level of inventory: $91.86

Average dollar level of inventory

= Average inventory * C

= 122.48 * $0.75

= $91.86



f. EOQ if we increase Co to $40: 565.69 units

EOQ = √(2DS/C)

= √(2*2500*$40/$0.75)

= √(320,000)

= 565.69 units



g. Reorder point (ROP): 325 units

ROP = Daily demand * Lead time

= 65 units * 5 days

= 325 units



h.  Units Brown produce in each batch= 1000 units

EOQ = √(2DS/C)

= √(2*2500*$100/$0.50)

= √(1,000,000)

= 1000 units



i. The production part of the cycle last will last 10 days.

Production cycle time = EOQ/Daily production rate

= 1000/100

= 10 days

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The accounting records of Marcus Service Company include the following selected, unadjusted balances at June 30: Accounts Receivable, $2,700; Office Supplies, $1,800; Prepaid Rent, $3,600; Equipment, $15,000; Accumulated Depreciation - Equipment, $1,800; Salaries Payable, $0; Unearned Revenue, $2,400; Office Supplies Expense, $2,800; Rent Expense, $0; Salaries Expense, $15,000; Service Revenue, $40,500.
The following data developed for adjusting entries are as follows:
a. Service revenue accrued, $1,400
b. Unearned Revenue that has been earned, $800
c. Office Supplies on hand, $700
d. Salaries owed to employees, $1,800
e. One month of prepaid rent has expired, $1,200
f. Depreciation on equipment, $1,500
Journalize the adjusting entries. Omit explanations

Answers

Answer:

I am on a fix income is there anybody can help me free

To journalize the adjusting entries, we will use the following steps:

1. Identify the accounts that need to be adjusted and the amounts that need to be recorded.
2. Prepare the journal entries for each adjustment.
3. Post the entries to the appropriate accounts.

Here are the journal entries for the adjustments:

a. Service revenue accrued, $1,400
Debit Accounts Receivable $1,400
Credit Service Revenue $1,400

b. Unearned Revenue that has been earned, $800
Debit Unearned Revenue $800
Credit Service Revenue $800

c. Office Supplies on hand, $700
Debit Office Supplies Expense $1,100 ($1,800 - $700)
Credit Office Supplies $1,100

d. Salaries owed to employees, $1,800
Debit Salaries Expense $1,800
Credit Salaries Payable $1,800

e. One month of prepaid rent has expired, $1,200
Debit Rent Expense $1,200
Credit Prepaid Rent $1,200

f. Depreciation on equipment, $1,500
Debit Depreciation Expense - Equipment $1,500
Credit Accumulated Depreciation - Equipment $1,500

These are the adjusting entries for the accounting records of Marcus Service Company at June 30.

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Consider the following hypothesis test:
H0:p≤0.67 Ha:p>0.67
The p-value is equal to 0.012. Use α=0.01. The conclusion is:
Select one:
a. We reject H0 and we conclude that p>0.67.
b. We accept H0 and we conclude that p≤0.67.
c. We accept H0 and we conclude that p>0.67.
d. We reject H0 and we conclude that p≤0.67.

Answers

The p-value is equal to 0.012. Use α=0.01 for that we reject H0 and we conclude that p>0.67. In hypothesis testing, the null hypothesis (H0) is the statement that we assume to be true. The correct answer is option a.

The alternative hypothesis (Ha) is the statement that we are trying to prove.

The p-value is the probability of observing a result as extreme or more extreme than the one we observed, assuming that the null hypothesis is true. If the p-value is less than the significance level (α), we reject the null hypothesis and conclude that the alternative hypothesis is true.

In this case, the p-value is 0.012, which is less than the significance level of 0.01. Therefore, we reject the null hypothesis (H0: p≤0.67) and conclude that the alternative hypothesis (Ha: p>0.67) is true.

So, the correct answer is option a. We reject H0 and we conclude that p>0.67.

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Assume that the export price of a Toyota Corolla from Osaka, Japan is ¥2,150,000. The exchange rate is ¥87.60/$. The forecast rate of inflation in the United States is 2.2% per year and is 0.0% per year in Japan. Use this data to answer the following questions on exchange rate pass through.
1) The export price for the Corolla at the beginning of the year expressed in U.S. dollars $ ?( in 2 decimals).
2) Assuming purchasing power parity holds, the exchange rate at the end of the year will be ¥/$ ? ( in 2 decimals).
3) Assuming 100% pass-through of exchange rate, the dollar price of a Corolla be $ at the end of the year ?( in 2 decimals).
4) Assuming 75% pass-through of exchange rate, the dollar price of a Corolla be $ at the end of the year ? ( in 2 decimals).

Answers

1) The export price for the Corolla at the beginning of the year expressed in U.S. dollars is $24,543.38.
2) The exchange rate at the end of the year will be ¥89.54/$.

3)  The dollar price of a Corolla at the end of the year will be $24,008.30.

4) The dollar price of a Corolla at the end of the year will be $24,380.97.

1) The export price for the Corolla at the beginning of the year expressed in U.S. dollars can be calculated by dividing the export price in Japanese yen by the exchange rate:
$2,150,000 / 87.60 = $24,543.38
2) Assuming purchasing power parity holds, the exchange rate at the end of the year will be equal to the initial exchange rate adjusted for the difference in inflation rates between the two countries:
87.60 * (1 + 0.022 - 0.000) = 89.54
3) Assuming 100% pass-through of exchange rate, the dollar price of a Corolla at the end of the year can be calculated by dividing the export price in Japanese yen by the new exchange rate:
$2,150,000 / 89.54 = $24,008.30
4) Assuming 75% pass-through of exchange rate, the dollar price of a Corolla at the end of the year can be calculated by multiplying the initial dollar price by the percentage change in the exchange rate and adding this to the initial dollar price:
$24,543.38 + ($24,543.38 * 0.75 * (89.54 - 87.60) / 87.60) = $24,380.97
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GHG emissions are is a key growth area for assurance services but it is not without its challenges.
Required
Conduct an internet search for an Australian company whose website includes any type of GHG emissions disclosure and then use the following prompting questions to complete a reflection in the Interact2 Journal, accessed on the left-hand menu of your subject site:
What? Describe the nature of the GHG emissions disclosure for your selected Australian company. For example, was it informative and/or clear? Difficult or easy to find?
So what? If you were a member of an assurance team engaged to provide assurance on this engagement, what type of misstatements and assertions would you be most concerned about? Why?
Now what? How might you design audit procedures to collect sufficient and appropriate audit evidence relating to the audit assertions you identified above? What specialist assistance might be required on the audit team to undertake these procedures?

Answers

GHG emissions disclosures vary from company to company. The GHG emissions disclosure for the selected Australian company may be informative and/or clear, difficult or easy to find.


If you were a member of an assurance team engaged to provide assurance on this engagement, you would be most concerned about misstatements and assertions related to the company's GHG emissions levels.

This is because they are significant factors that influence the environment, and accurate information must be provided.

To collect sufficient and appropriate audit evidence relating to the audit assertions, you could design audit procedures such as inquiring with management, reviewing documentation, and performing analytical procedures.

Depending on the complexity of the company's GHG emissions, the audit team may require specialist assistance to ensure accurate results.

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A $1000 par semiannual-pay bond has a current price of $976 has a modified duration of 4.92. Suppose the yield on the bond suddenly increases by 0.45 percent. Use duration to estimate the new price of the bond. Answer to two decimals. Carry intermediate calcs. to four decimals.
Assume 1,000 par value and semi annual compounding

Answers

The New Price of the bond is 978.02.

The new price of the bond can be estimated using duration. Using the modified duration formula of:
Duration = [PV (1 + YTM/m) - PV x YTM/m]/PV x (YTM/m)^2
We can calculate the duration of the bond given the current price and yield. The duration is 4.92.

To estimate the new price of the bond, we can use the modified duration formula again with the new yield of 0.45 percent. We can calculate the new price of the bond by multiplying the duration by the change in yield and adding it to the current price.

New Price = Current Price + (Duration x Change in Yield)
New Price = 976 + (4.92 x 0.0045)
New Price = 976 + 0.02136
New Price = 978.02

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In an "exchange" what are marketers focus on?
A. The location where products and services are traded.
B. The price charged adjusted for currency exchange rates.
C. Creating value.
D. The promotional offers designed to stimulate barter.
E. The trading of things of value.

Answers

Option - C: Creating value. In an "exchange"  marketers focus on Creating value.

In an "exchange" marketers focus on creating value. This means that they are focused on providing products or services that meet the needs and wants of their customers. By creating value, marketers are able to attract and retain customers, build strong relationships, and ultimately drive sales and profitability. It is important for marketers to understand their customers' needs and preferences, and to create products and services that deliver value and meet those needs.

This is the key to successful marketing and to creating long-term, profitable relationships with customers.Marketing aims to meet human needs by creating value. The marketer chooses the product features and services that will deliver value.Thus the correct option is C.

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What MUST you have in order to complete a
federal, state, or local tax return form?
A. online internet access
B. all of your W-2 form(s)
C. your employer's permission
D. the permission of the manager at your bank

Answers

All of your W-2 form is what you must have in order to complete federal, state, or local tax return form.

What is tax return?

A tax return is a form filed with the government that reports an individual's or business's income, expenses, and other relevant financial information for a specific tax period. Tax returns are used to calculate the amount of tax owed or the amount of refund due. Individuals and businesses are required to file tax returns annually with their respective tax authorities. In the United States, the Internal Revenue Service (IRS) is responsible for collecting federal taxes and processing tax returns. Tax returns can be filed electronically or by mail. The information provided in a tax return varies depending on the type of tax return being filed. For example, an individual's tax return typically includes information on their income, deductions, and credits, while a business tax return may include information on their revenue, expenses, and investments.

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4. Identify three factors that can lead to conflict in a hospitality environment

Answers

Conflicts in hospitality environments can arise due to various factors, but some common factors include communication breakdowns, personality clashes, and workload imbalances.

Poor communication can lead to misunderstandings between staff members and with customers, which can result in conflicts. Personality clashes can arise when different personalities or work styles do not mesh well together, leading to friction and tension among employees. Workload imbalances can lead to feelings of resentment and unfairness, especially if some employees feel like they are doing more work than others without proper recognition or compensation.

Hospitality environments require effective communication, collaboration, and a positive work culture to prevent and address conflicts in a timely and respectful manner.

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When north caroline increased the price of vanity license plates from $30 to $40 the quantity demanded:

1)lost revenue is represented by areas C and E while gained revenue is represented by area A

2)gained revenue is represented by areas B, C, D and E while lost revenue is represented by area A

3)gained revenue is represented by areas C and E while lost revenue is represented by area A

4)lost revenue is represented by areas B, C, D and E while gained revenue is represented by area A

Answers

The right alternative is 1. Lost revenue is represented by areas C and E while gained revenue is represented by area A.

In economics, the phrase "quantity demanded" describes the total quantity of an item or service that consumers demand over a defined period of time. A market's level of equilibrium is determined by the cost of a good or service. The demand curve, or simply the demand, is the relationship that exists between the amount demanded and the price. The elasticity of demand measures how much the cost of the quantity demanded varies. A change in the specific quantity of a product that consumers are willing and able to purchase is referred to as a shift in the quantity requested. A variation in pricing resulted in this change in the required amount.

The item's price has an impact on the required amount. Demand will decrease as the price rises. As the price declines, demand will increase. There is a negative relationship between price and demand.

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1. How does the accounting for Investments (such as marketable securities) violate the historical cost principle? Why is this considered appropriate?2. Explain why it takes so long for a home buyer to reduce the principal amount of a 30-year mortgage.3. Explain the following in relation to payroll:a. why workers’ paychecks are often significantly less than the amount quoted in their contract when hiredb. who pays Social Security tax if someone is self-employed and who pays it if the person is employed by a company

Answers

1. The accounting for investments violates the historical cost principle as the value of the security may vary over time, meaning it is not recorded at its original cost. It is considered appropriate as it provides a more accurate representation of the company’s current financial position. 2. A 30-year mortgage takes a long time to reduce the principal amount because the monthly payments consist mostly of interest, which means only a small portion of the principal is paid off each month. 3. a. Workers’ paychecks are significantly less than the contract amount due to deductions. b. If self-employed individual is responsible for paying the Social Security tax and if individual is employed, both employer and employee are responsible for paying their portion of the Social Security tax.

1. The accounting for investments, such as marketable securities, violates the historical cost principle because it requires the recording of the investment at its fair value, rather than its original cost. This is considered appropriate because it provides a more accurate reflection of the current value of the investment, rather than its original cost. This is important because it allows investors and other stakeholders to make informed decisions about the company's financial position.

2. It takes a long time for a home buyer to reduce the principal amount of a 30-year mortgage because the majority of the monthly payments in the early years of the mortgage are applied to interest rather than principal. As a result, the principal balance decreases at a slower rate. It is not until the later years of the mortgage that a larger portion of the monthly payments are applied to the principal, allowing for a faster reduction in the principal balance.

3. a. Workers' paychecks are often significantly less than the amount quoted in their contract when hired because of various deductions, such as taxes, retirement contributions, and health insurance premiums. These deductions reduce the amount of take-home pay that the worker receives.

b. If someone is self-employed, they are responsible for paying both the employer and employee portions of the Social Security tax. If the person is employed by a company, the employer pays the employer portion of the Social Security tax and the employee pays the employee portion of the tax.

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Suppose you borrow $2,500,000 from a bank for one-half year at a stated annual interest rate of 14 percent, with interest prepaid (a discounted loan). Also assume that the bank requires you to maintain a compensating balance equal to 20 percent of the initial loan value. What effective annual interest rate are you being charged?
a. 14.00%
b. 9.59%
c. 19.18%
d. 21.21%

Answers

The effective annual interest rate for a loan of $2,500,000 with a stated annual interest rate of 14 percent for one-half year and a compensating balance equal to 20 percent of the initial loan value is 19.18%. Hence, the correct option is (C).

How To Calculate The Effective Annual Interest Rate?

First, calculate the amount of interest you will pay on the loan. Since it's a discounted loan with interest prepaid, you will pay 14% of the loan value upfront; Interest = $2,500,000 × 14% = $350,000.

Next, calculate the amount of the compensating balance; Compensating balance = $2,500,000 × 20% = $500,000. Subtract the interest and compensating balance from the initial loan value to get the amount of money you actually receive; Amount received = $2,500,000 - $350,000 - $500,000 = $1,650,000

Finally, calculate the effective annual interest rate by dividing the interest by the amount received and multiplying by 100%; Effective annual interest rate = ($350,000 ÷ $1,650,000) × 100% = 19.18%.

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ASAP Sarah furniture Materials inventory Details, beginning P80,000.00, Purchases P55,000.00, Freight In P5,000.00, Freight out P2,000.00, Purchase discount P1,000.00 and Ending Materials inventory ending P38,000.00. How much is the material used in the production?

Answers

The material used in production is P103,000.00. The material used in production can be calculated by finding the difference between the beginning and ending materials inventory, adding the purchases, freight in and freight out, and subtracting the purchase discount.

Here are the steps to calculate the material used in production:

1. Begin with the beginning materials inventory: P80,000.00
2. Add the purchases: P80,000.00 + P55,000.00 = P135,000.00
3. Add the freight in: P135,000.00 + P5,000.00 = P140,000.00
4. Add the freight out: P140,000.00 + P2,000.00 = P142,000.00
5. Subtract the purchase discount: P142,000.00 - P1,000.00 = P141,000.00
6. Subtract the ending materials inventory: P141,000.00 - P38,000.00 = P103,000.00

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17. Suppose you made a 90-day investment with a maturity value
of $8,000. Find the present value of the note if money is worth
6.27% at the time you sign the papers.

Answers

The present value of the note can be calculated by using the following formula:

PV = FV/(1+r)^n
Where PV is the present value, FV is the future value, r is the interest rate, and n is the number of periods.
For this problem, the present value is:
PV = 8,000/(1+0.0627)^90
PV = $6,930.41

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Please discuss (in your assigned role as advocate or critic) the following policy statement:You are the human resources manager for a 250 employee sheriff's department. A new sheriff has just taken office, replacing the prior sheriff who had been in office for twenty years. The old sheriff, a forty five year law enforcement veteran, was very traditional and used traditional approaches to supervision and employee performance evaluation.The new sheriff comes from a very progressive city police department and has very different ideas about supervision. She is discussing converting from a traditional model of supervision and evaluation, which is the current model, to a human service model, which is what she is accustomed to. She is particularly interested in the 360 degree model of performance appraisals used by the Sacramento Police Department (see page 237 of the text).You have been asked to prepare a set of recommendations based on your opinion of which model should be used going forward.?ADVOCATES: You believe the human services approach is the way to move forward and are proposing that type of system, including introducing 360 degree evaluationsI Need Advocate proposal?

Answers

As an advocate for the human services approach, I believe that this model is the best way to move forward for the sheriff's department. One of the main advantages of the human services approach is that it focuses on the well-being and development of employees, which can lead to increased job satisfaction and better performance.


In particular, I support the introduction of the 360 degree evaluation model used by the Sacramento Police Department. This model involves gathering feedback from multiple sources, including peers, supervisors, and subordinates, to provide a comprehensive view of an employee's performance.

This approach can help identify strengths and areas for improvement, and can lead to more accurate and fair evaluations.

Overall, I believe that the human services approach and the 360 degree evaluation model can lead to a more productive and positive work environment for the sheriff's department.

By focusing on the well-being and development of employees, this approach can help the department achieve its goals and better serve the community.

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6. the role of operations is to use resources to transforminputs into outputs. from this perspective. what is a resource fora hospital?a. broken bonesb. sick patientsc. nursesd. healthy pattents

Answers

The correct answer is c. nurses. the role of operations is to use resources to transforminputs into outputs. From the perspective nurses is a resource fora hospital

In a hospital, nurses are a resource because they are used to transform sick patients (inputs) into healthy patients (outputs). Broken bones and sick patients are not resources, they are inputs. Healthy patients are not resources, they are outputs. Therefore, the correct answer is c. nurses.Operations management is essential for organizations to manage their daily activities seamlessly.

Operations management controls all the processes and handles issues including design, operation, maintenance, and improvement of the systems.Planning, organizing, and strategizing the daily operations and routine is the primary function of the role of operation.Thus ,the correct option is C.

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Due to market trends, a Company is selling its manufacturing equipment with the following values: Considering that the company pays 30% corporate tax, what is the amount of tax to be paid or recovered from the sale of each equipment ?
Type of machine Purchase price Book value Selling price Equipment A 100,000 100,000 150,000 Equipment B 250,000 160,000 120,000 Equipment C 110,000 110,000 115,000

Answers

Due to market trends, a Company is selling its manufacturing equipment with the following values: Considering that the company pays 30% corporate tax, the amount of tax to be paid or recovered from the sale of Equipment A is 15,000,
Equipment B is 12,000 and equipment C is 1,500

The amount of tax to be paid or recovered from the sale of each equipment can be calculated by determining the gain or loss on the sale and then applying the corporate tax rate of 30%.

For Equipment A:
Gain on sale = Selling price - Book value = 150,000 - 100,000 = 50,000
Tax to be paid = 30% of 50,000 = 15,000

For Equipment B:
Loss on sale = Book value - Selling price = 160,000 - 120,000 = 40,000
Tax to be recovered = 30% of 40,000 = 12,000

For Equipment C:
Gain on sale = Selling price - Book value = 115,000 - 110,000 = 5,000
Tax to be paid = 30% of 5,000 = 1,500

Therefore, the amount of tax to be paid or recovered from the sale of each equipment is:
Equipment A: 15,000
Equipment B: 12,000
Equipment C: 1,500

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Use the data in WAGE1. RAW for this exercise.

(i) Find the average education level in the sample. What are the lowest and highest years of education?

(ii) Find the average hourly wage in the sample. Does it seem high or low?

(iii) The wage data are reported in 1976 dollars. Using the Economic Report of the President (2011 or later), obtain and report the Consumer Price Index (CPI) for the years 1976 and 2010.

(iv) Use the CPI values from part (iii) to find the average hourly wage in 2010 dollars. Now does the average hourly wage seem reasonable?

(v) How many women are in the sample? How many men?

Answers

1. The lowest and highest years of education include 0 and 18 years. The average is 12.56 years

2. The average of hourly wage is about $5.90, which seems very low.

3. The CPI IS 56.9 and 184.0 in 1976 and 2010 respectively.

4. The hourly wage is reasonable.

5. There are 274 men and 252 women.

How to explain the information

The average will be:

= 6606.56 / 526

= 12.56

The average of variable education is about 12.6 years.

There are two people reporting zero years of education, and 19 people reporting 18 years of education.

The lowest year of education is zero.

The highest year of education is 18 years

CPI (Consumer Price Index) is the ratio of value of standard basket of goods and services calculated at the current year prices to the value of the same basket of goods and services calculated at base year prices.

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Calculate the Present Value of the following mixed Streams assuming discount rate is 12%, Years 1 through 5 6 through 9 10 through 15 Cash Flows $6,000 per year $5,000 per year $8,000 per year Mr. Jeffrey has taken a loan from Natwest bank amounting $500,000 for 5 years to buy a luxury car. Annual interest rate for the loan is 14%. Prepare a "Loan Amortization Schedule" for 5 years assuming the installments are paid on annual basis.

Answers

The Present Value of the following mixed Streams  assuming discount rate is 12%, Years 1 is $55,454.97

The Present Value of the mixed streams is calculated using the formula PV = (CF1 / (1 + r)^1) + (CF2 / (1 + r)^2) + … + (CFn / (1 + r)^n), where CF1, CF2, ..., CFn are the cash flows of the respective years, and r is the discount rate.

In this case, the cash flows are $6,000 per year for years 1 to 5, $5,000 per year for years 6 to 9, and $8,000 per year for years 10 to 15. Assuming a discount rate of 12%, the Present Value is calculated as follows:

PV = (6,000/(1 + 0.12)^1) + (6,000/(1 + 0.12)^2) + (6,000/(1 + 0.12)^3) + (6,000/(1 + 0.12)^4) + (6,000/(1 + 0.12)^5) + (5,000/(1 + 0.12)^6) + (5,000/(1 + 0.12)^7) + (5,000/(1 + 0.12)^8) + (5,000/(1 + 0.12)^9) + (8,000/(1 + 0.12)^10) + (8,000/(1 + 0.12)^11) + (8,000/(1 + 0.12)^12) + (8,000/(1 + 0.12)^13) + (8,000/(1 + 0.12)^14) + (8,000/(1 + 0.12)^15)

PV = $55,454.97

Regarding the loan amortization schedule for Mr. Jeffrey, assuming he takes out a $500,000 loan with an annual interest rate of 14%, paid in installments annually over 5 years, the Loan Amortization Schedule is as follows:

Year Principal Interest Total Payment
1 $118,607.85 $35,800.00 $154,407.85
2 $122,799.75 $31,608.10 $154,407.85
3 $127,206.45 $27,201.40 $154,407.85
4 $131,830.04 $22,577.81 $154,407.85
5 $136,672.50 $17,735.35 $154,407.85

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Analyze how one of the culture typologies explains the culture
and link your explanation to your own organization (or one that you
are familiar with) and Compare and contrast two of the culture
typolo

Answers

The culture typologies that can be used to explain the culture include the clan, adhocracy, market and hierarchical typologies.

In a clan culture, the emphasis is on group collaboration and a shared set of values. This could be seen in my organization, XYZ, where people from different departments come together to collaborate on projects and decisions are made with input from all stakeholders.

In contrast, an adhocracy culture focuses on creativity, innovation and risk-taking. This could be seen in my organization ABC, where employees are given the freedom to come up with new ideas and are rewarded for taking risks that lead to successful outcomes.

Comparing these two typologies, we can see that the clan culture focuses on collaboration while the adhocracy culture focuses on innovation. Both can be used to create a successful culture, depending on the needs of the organization.

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Why do some advisors caution investors against buying a mutual fund just prior to year-end?
a. Sometimes equity prices decline before year-end due to tax loss selling.
b. The investor might not receive the appropriate year-end distribution.
c. A large year end distribution could trigger an unexpected tax payment.
d. Year-end fund prices might temporarily increase due to fund "window-dressing".

Answers

Advisors caution investors against buying a mutual fund just prior to year-end because A large year end distribution could trigger an unexpected tax payment and Year-end fund prices might temporarily increase due to fund "window-dressing". Therefore the correct option is  option C and D.

Some advisors caution investors against buying a mutual fund just prior to year-end because of the potential for unexpected tax payments and the potential for a large year-end distribution. This is explained in options C and D of the question. Option C states that a large year-end distribution could trigger an unexpected tax payment, and option D states that year-end fund prices might temporarily increase due to fund "window-dressing". These are both potential risks that investors should be aware of before buying a mutual fund just prior to year-end. Therefore, it is important for investors to consult with their advisors and carefully consider the potential risks before making a decision.

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What retirement plan do you think fits most people best?

Answers

Answer:

I think most people go with the IRA.

Laurie Peterson
Founder of Build & Imagine toys
When Peterson started working for big toy companies more than 10 years ago, she wanted to get young girls excited about science. Somewhere along the way, she forgot her mission and found herself—like most in the industry—advocating for toys catering to boys simply because they’re more profitable. "The thinking was that if we design it for boys, then girls will just play too," she says. "But if we do the reverse and design it for girls, we don’t know if boys will play. The thing to do was, by default, design the toys for boys.
"I found that to be morally not right, but I absolutely advocated what I thought was right for the business, to lead with boys, because we found that to be a more sound business decision," continues Peterson. "There I was, year after year, representing this position that the best business decision we can make is to design toys for boys. I was never my authentic self because of that." Peterson has since founded her own toy company aimed at teaching STEM skills to both girls and boys, and featuring "adventurous leading female characters." "I now have the opportunity with my own startup to making up the rules, and we get to decide what’s important," she says. "We decided to take our industry’s standard and flip it on its head. Instead of designing products for boys and then looking for opportunities to invite girls to play, we’re designing for girls and then looking for opportunities to invite boys to play." The lesson: You need to be the change you want to see.Identify
- The Ethical Issue the leader faced
- Identify 2 negative outcomes of the Ethical Dilemma Analyse and provide your opinion.As a leader, what would you do differently to solve the dilemma?

Answers

1. The ethical issue that Laurie Peterson faced was the decision to prioritize profit over the mission to get young girls excited about science.

2. Two negative outcomes of this ethical dilemma were that Peterson was not able to be her authentic self and that she was perpetuating the gender bias in the toy industry by advocating for toys designed for boys.

This decision led her to advocate for toys catering to boys simply because they were more profitable, even though she found it morally wrong.


In my opinion, Peterson made the right decision in the end by starting her own toy company and focusing on designing toys for girls while also inviting boys to play. This decision not only allowed her to stay true to her mission and values, but also addressed the gender bias in the toy industry.


As a leader, I would have also tried to find a way to stay true to my values and mission while still making a sound business decision. This could include advocating for the creation of toys that appeal to both boys and girls or finding a way to market toys designed for girls in a way that also appeals to boys.

It is important for leaders to prioritize their values and mission while also making sound business decisions.

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1 Mansour, a manager, led his team by telling members what to do, rather than allowing members to develop consensus and make their own decisions. This obstacle to teamwork is known as Faure to delegate authority by Unwillingness to cooperate c) Lack of managerial support d) Pulling rank 4 2 Several major car manufacturers have announced plans to increase production of SUVs and trucks, and to discontinue several models of cars. Their decision was most likely in response to a change in what external factor? a) Political b) Sociocultural cl. Legal d) Environmental 3 What are the two ends of the continuum of economic systems? a) Trade deficit: Trade surplus b) CommunPure Capitalism c) Small GDP; Large GOP d) Goods-oriented: 4. Service-oriented is the selling of domestic products to foreign customers a) Exporting b) Acquiring c) Importing d) Shelving 5 The purchase of one corporation by another is referred to as a a) Partnership b) Cooperative c) Hostile takeover d) Merger

Answers

1). The obstacle to teamwork presented by Mansur is known as...

d. Pull Rank. This is when a manager uses authority to direct decisions and actions to her members of the team, rather than allowing them to contribute and make decisions as a group.

2). The decision by a major automaker to ramp up production of his SUVs and trucks and phase out some models was probably...

b. A response to changing socio-cultural factors. These factors include changes in consumer tastes and trends, which may affect demand for certain types of products.

3). The ends of the economic system continuum are..

b. Communism and pure capitalism. Communism is an economic system in which the government controls all aspects of the economy, while pure capitalism is an economic system in which individuals and corporations control all aspects of the economy.

4). Selling domestic products to foreign customers is called...

a. Export. This is the case if the company sells its products or services to customers in other countries.

5). The acquisition of one company by another company is called a....

d. Merger. This is usually when two companies merge and he becomes one entity, with the goal of increasing market share or expanding into new markets.

The economic system continuum is a way of categorizing different types of economic systems based on their degree of government intervention and private ownership. At one end of the continuum, there is a purely capitalist system, where private ownership and the free market drive economic activity. At the other end, there is a purely socialist system, where government ownership and control over resources and production dominate.

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3) Read the scenario. Then, choose the best answer.

While a junior in high school, Javier accepted a job stocking shelves at a local grocery store. He makes an hourly wage of $8.50. He is paid semimonthly and works an average of 20 hours per week.

What is Javier’s annual income?
$8,160
$3,480
$8,840
$13,200

Answers

Answer:

$8160

Explanation:

Hourly wage is 8.50

He works 20hours per week

Weekly pay is 8.50x 20 = 170

Semi monthly is twice a month

Semi month he receives 170 x 2= 340

Monthly he receives 340x2 =680

Annual income is 12 months = 680x 12

$8160

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