Globe Telecommunications Philippines is one of the leading telecommunications companies in the Philippines. The company's structure and control system are designed to support its strategy of providing high-quality telecommunications services to its customers while maintaining operational efficiency and financial stability.
In terms of its structure, Globe Telecom has a decentralized organizational structure with business units and departments responsible for specific areas such as marketing, sales, operations, and finance. This structure allows for better decision-making at the department level and promotes agility in responding to market changes and customer needs.
To ensure that the company's operations align with its strategy, Globe Telecom has implemented a range of control systems. These include financial controls, performance metrics, and risk management processes. Financial controls are used to track and manage the company's financial resources, ensuring that it remains profitable and financially stable. Performance metrics are used to monitor and evaluate the effectiveness of the company's operations. Risk management processes are used to identify and mitigate risks that may impact the company's operations or financial stability.
Overall, Globe Telecom's structure and control system are aligned with its strategy of providing high-quality telecommunications services while maintaining operational efficiency and financial stability. By implementing a decentralized structure and robust control systems, the company is able to remain agile and responsive to changes in the market while remaining financially stable.
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1. Along what dimensions does domestic HRM differ from international HRM? 2. How does the degree of centralization or decentralization affect international staffing? 3. What are the basic issues involved in recruiting and selecting managers for foreign assignments? 4. What issues are at the core of expatriation and repatriation problems? 5. Why is performance appraisal important for international firms?
Domestic HRM and international HRM differ along various dimensions, including cultural factors, legal and regulatory frameworks, labor market conditions, and organizational practices.
Domestic HRM and international HRM differ along multiple dimensions. In domestic HRM, the focus is on managing employees within a single country, while international HRM deals with managing employees across different countries. International HRM involves additional complexities due to cultural differences, legal and regulatory frameworks, labor market conditions, and organizational practices in different countries.
The degree of centralization or decentralization has implications for international staffing. Centralization refers to decision-making authority concentrated at the headquarters, while decentralization involves delegating decision-making to subsidiaries or regional offices.
Recruiting and selecting managers for foreign assignments involve several key issues. Cultural fit is essential to ensure managers can adapt to the values, norms, and practices of the foreign location. Language proficiency is crucial for effective communication and relationship-building.
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Reconfigure the financial information in this text so that it is easier to understand by putting it into simple EXCEL charts. You will have to calculate some of the figures implied but not stated in this text in order to make the chart complete. You may use the formula sheet. You will not have to do any research for this homework. The information to chart is all self-contained.
Rules to follow – 1. This year goes to the left ( before last year) TY/LY. 2. Sales are top line, profit bottom line. 3. Always include the % increase or decrease after TY/LY. 4. Label all charts clearly. 5. Create a key in thousands or millions dropping zeros so all numbers are uniform.(pg65) Make sure you read the textbook before completing.
Lululemon 3rd quarter sales beat expectations despite Covid 19 and store closures! Huge penetration increase in Direct to consumer sales for 2020!
(Key in Millions 000,000)
Lululemon beat 3rd quarter revenue estimates on Thursday, as customers spent more on yoga pants and athleisure apparel for home workouts during the COVID-19 pandemic.
Net revenue rose 22% over last year to $1120.0 billion in the third quarter ending Nov.1, 2020. Net profit also surprised with an 24% increase in the 3rd quarter. Compared to 115.8 million from 2019.
For the first half of the year 2020 lululemon reported net profit of $169.9 million vs. $199 million from the year before. Sales decreased 6.6% from 1,665.0 billion in 2019.
(Chart Separately)
3RD QUARTER 2020 DIRECT TO CONSUMER (DTC) NET REVENUE REPRESENTED 42.8% OF TOTAL NET REVENUE COMPARED TO 26.9% FOR Q3 OF FISCAL 2019. This compares to 58.2% of net revenue when stores were closed in the first half of 2020 compared to 24.6% in the first half of 2019. - Source text for Eikon:
Lululemon's third-quarter net revenue for 2020 reached $1.12 billion, surpassing expectations and marking a 22% increase compared to the previous year.
The net profit also experienced a notable 24% growth in the same quarter. However, for the first half of 2020, Lululemon reported a 6.6% decrease in sales, amounting to $1.66 billion, while the net profit amounted to $169.9 million. It's worth highlighting that direct-to-consumer (DTC) net revenue accounted for 42.8% of Lululemon's total net revenue in the third quarter of 2020, compared to 26.9% in Q3 of fiscal 2019. During the first half of 2020.
Lululemon's financial performance in the third quarter of 2020 exceeded expectations, with a 22% increase in net revenue and a 24% growth in net profit compared to the previous year. This success can be attributed to customers' increased spending on yoga pants and athleisure apparel for home workouts during the COVID-19 pandemic. Furthermore, Lululemon experienced a significant shift in sales channels, with direct-to-consumer (DTC) .
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DSE plc sells two products, N and O. Each product requires the same raw material in its manufacture. One N requires 7 kg of the material and one O requires 4 kg. The budget is: Opening inventory of the raw material is budgeted at 50,000 kg and raw material inventory is planned to increase by 8% over the quarter The budgeted raw material purchases for the quarter are A. 304,000 kg B. 306,000 kg C. 312,000 kg D. 314,000 kg 6. Following statements have been made about forecasting using time series analysis. It is: 1. useful for seasonal businesses wishing to determine the amount and timing of future production 2. useful for predicting future materials prices. 3. useful for predicting the relationship between rainfall and crop yields. 4. useful for predicting monthly holiday bookings on a website Which of these statements is correct? O A. Statements (1) and (4) only) OB. Statement (1) only OC. Statements (1) (2) and (4) OD. Statements (1) (2) (3) and (4)
Statement (1) is correct. Time series analysis is useful for seasonal businesses wishing to determine the amount and timing of future production.
Time series analysis is a statistical technique used to analyze historical data and make predictions based on patterns and trends in the data. It is commonly used in forecasting and planning. Statement (1) is correct because time series analysis can help seasonal businesses understand their historical patterns of production and predict the future demand for their products during specific seasons or periods. By analyzing past data, businesses can identify seasonal trends, such as peak demand periods, and adjust their production schedules accordingly.
Statements (2), (3), and (4) are not correct. Time series analysis is not specifically designed for predicting future materials prices or the relationship between rainfall and crop yields. These types of predictions typically require other analytical methods and factors beyond historical patterns. Additionally, while time series analysis can be used to analyze historical data on monthly holiday bookings, it does not directly predict future bookings on a website. Other factors, such as marketing efforts or external events, can significantly impact future bookings.
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An extraordinary item should be reported separately as a component of income
A. After cumulative effect of accounting changes and before discontinued operations of a component of a business
B. After discontinued operations of a component of a business
C. After cumulative effect of accounting changes and after discontinued operations of a component of a business
D. Before discontinued operations of a component of a business
An extraordinary item should be reported separately as a component of income after discontinued operations of a component of a business. Thus, option B is the correct answer.
An extraordinary item is a gain or loss that arises from events or transactions that are distinct from a company's normal and regular activities and that have a significant effect on the company's financial statements.
It is usually reported net of tax separately as a component of income from continuing operations after discontinued operations of a component of a business.
The gain or loss should be shown net of the related tax effect. Additionally, the earnings per share of the extraordinary item is reported in the financial statements.
What are discontinued operations?
Discontinued operations refer to the disposal of a company's components that qualify as a separate business or a group of separate businesses. It can be a discontinuance of a business operation when it has been sold, abandoned, or disposed of.
Furthermore, the company must not have any substantial involvement in the business operation after the disposal.
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You have purchased 200 shares of X-Corp for a price of $421 per share with an initial margin of 60%. The next day the share price drops to $295 and you receive a margin call. How much do you have to put on your account to return the percentage margin to the original level?
Provide your answer rounded to two decimals
To calculate the amount you need to put in your account to return the percentage margin to the original level, you need to determine the current value of your shares and compare it to the required margin level.
Current value of shares: 200 shares x $295 per share = $59,000
Initial margin: 60% of the purchase price = 0.6 x ($421 per share x 200 shares) = $50,520
To find the amount needed, subtract the current value of the shares from the required margin:
Amount needed = Initial margin - Current value of shares
Amount needed = $50,520 - $59,000
Amount needed = -$8,480
The direct answer is that you need to put $8,480 into your account to return the percentage margin to the original level. Since the share price dropped, the value of your shares decreased, causing the margin to fall below the required level. By adding the necessary funds, you can bring the margin back to its initial percentage.
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Is Microsoft Excel a useful tool for business decision making? If yes, how you can use its various options for business decision making. Discuss as many options helpful in business decision making of Excel as you can in detail.
Yes, Microsoft Excel is a very useful tool for business decision making. Its various options can be used to analyze data and make informed business decisions. Here are some options that are helpful in business decision making of Excel:
1. Pivot Tables: Pivot Tables are an excellent tool for summarizing large amounts of data quickly and easily With Pivot Tables, you can analyze data in different ways to find trends, identify outliers, and see how different factors affect business performance.
2. Charts and graphs: Excel has a variety of chart and graph types that can help you visualize data and identify trends. These charts and graphs can be customized to display data in different ways to help you make more informed business decisions.
3. Conditional formatting: Conditional formatting is a powerful tool that allows you to highlight certain cells or rows based on specific criteria. This can help you quickly identify trends or anomalies in your data and make informed business decisions.
4. Solver: Solver is an add-in tool that allows you to optimize your data based on specific constraints. This tool can be used to find the best solution to a particular problem, such as how to maximize profits or minimize costs.
5. What-If analysis: What-If analysis is a tool that allows you to see how different scenarios will impact your business. This tool can be used to create hypothetical scenarios and analyze how changes in variables will affect your business performance.
6. Goal Seek: Goal Seek is a tool that allows you to set a specific target for a particular variable and then identify the input value needed to achieve that target. This tool can be used to make informed business decisions based on specific performance targets.Overall, Excel is a powerful tool that can be used to make informed business decisions based on data analysis and modeling. By using the various options available in Excel, you can analyze data in different ways, visualize trends, and make informed business decisions.
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Prepare entries in general journal form to record the following transactions in the Roadway Fund general ledger accounts for City of Kettering for the fiscal year 2018. Use modified accrual accounting. At the beginning of the fiscal year, the fund $1,360,000 was offset by the assigned fund balance in the same amount. The city was awarded $4,200,000 for road inspections and repairs during the year. The award requires reimbursement for expenditures, not an allotment upfront. Work contracted for the year amounted to $4,175,000. Invoices received for the work performed totaled $4,150,000. $3,980,000 of that amount was paid in cash as of year-end. The state reimbursed the city $4,000,000 for the completed work before year-end. Prepare a statement of Revenues, Expenditures, and Changes in Fund Balance for the Roadway Fund.
The difference between Revenues and Expenditures is $0, resulting in no Revenues over Expenditures. There were no changes in the Fund Balance. Therefore, the Fund Balance's ending balance was $1,360,000, which is the same as the beginning Fund Balance.
General Journal Form for Roadway Fund
Date Account Titles and Explanation Debit Credit
a. Roadway Fund $1,360,000 $1,360,000
b. Road inspections and repairs $4,200,000
c. Work contracted $4,175,000 $4,175,000
d. Invoices received $4,150,000
e. Cash $3,980,000
f. Roadway Fund $4,000,000 $4,000,000
Explanation:
Given the transactions, the journal entries in general journal form are shown above.
- The balance of the Roadway Fund at the beginning of the fiscal year was $1,360,000, which was offset by the assigned fund balance in the same amount. Therefore, the debit and credit amounts are $1,360,000.
- The City of Kettering was awarded $4,200,000 for road inspections and repairs, which is debited to the Roadway Fund. However, since the award requires reimbursement for expenditures, there is no credit entry for this transaction.
- Work contracted for the year was $4,175,000, and the invoices received for the work performed totaled $4,150,000. The difference of $25,000 ($4,175,000 - $4,150,000) represents a loss, which is debited to the Roadway Fund.
- Of the total amount, $3,980,000 was paid in cash as of year-end, so the Cash account is debited, and the Roadway Fund is credited.
- The State reimbursed the City $4,000,000 for the completed work before year-end. Therefore, the Roadway Fund is credited while cash is debited.
Statement of Revenues, Expenditures, and Changes in Fund Balance for the Roadway Fund:
Roadway Fund Statement of Revenues, Expenditures, and Changes in Fund Balance
For the Fiscal Year Ending December 31, 2018
Revenues $4,200,000
Expenditures $4,200,000
Difference $-
Revenues over Expenditures $-
Changes in Fund Balance
Beginning Fund Balance $1,360,000
+ Revenues over Expenditures $-
Ending Fund Balance $1,360,000
The statement of Revenues, Expenditures, and Changes in Fund Balance for the Roadway Fund is shown above.
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Explain the importance of ensuring good scope management for
projects (with justifications.
)
Scope management is important to ensure that the project is delivered within the time frame, and budget, and to meet the stakeholders’ expectations
Scope management is crucial for projects. Project managers should maintain good scope management to ensure successful project delivery. This includes defining, documenting, monitoring, and controlling the project’s objectives, deliverables, timelines, and budget. Scope management is important to ensure that the project is delivered within the time frame, and budget, and to meet the stakeholders’ expectations. Here are the justifications for the importance of scope management in projects:
1. Defining Project Objectives:
Scope management helps in clearly defining project objectives, thereby ensuring that the project meets the stakeholders’ needs and expectations. It involves ensuring that the project team understands the requirements of the project, what needs to be delivered, and how the project will be delivered. This, in turn, helps to eliminate project creep and keep the project focused on its objectives.
2. Budgeting:
The scope of the project is directly linked to the project budget. If the project scope is not well-defined, it can result in additional costs, which can lead to a budget overrun. In contrast, if the project scope is well-defined, it will be easier to allocate resources, and the project budget can be managed effectively.
3. Time Management:
A well-defined scope of the project helps in time management. This involves developing a project schedule that includes the deliverables and timeline. Project managers can use this schedule to monitor the project's progress, identify issues, and implement corrective measures as required. The schedule helps ensure that the project is completed on time.
4. Control:
As the project progresses, scope management helps in maintaining control of the project. It helps in monitoring and controlling changes that may occur and managing the project accordingly. This ensures that the project stays on track and that there are no surprises for the project team or stakeholders. In summary, good scope management helps to ensure that the project is delivered within the time frame, and budget, and meets the stakeholders’ expectations. It helps eliminate project creep, manage budgets effectively, manage time, and maintain control over the project.
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An Internal Whistleblower Is An Employee Who Prepares Internal Financial Reports To Support Decision Making By Senior Managers An Employee Who Falsifies The Accounting Records As Per The Instructions From His Or Her Manager An Employee Who Discovers Corporate Misconduct And Chooses To Bring It To The Attention Of Law Enforcement Agencies An Employee
An internal whistleblower is
an employee who prepares internal financial reports to support decision making by senior managers
an employee who falsifies the accounting records as per the instructions from his or her manager
an employee who discovers corporate misconduct and chooses to bring it to the attention of law enforcement agencies
an employee who discovers a new production technique and chooses to bring it to the attention of the media
an employee who discovers corporate misconduct and chooses to bring it to the attention of his or her supervisor
An internal whistleblower is an employee who discovers corporate misconduct and chooses to bring it to the attention of law enforcement agencies or their supervisor.
They play a crucial role in promoting transparency, accountability, and ethical behavior within organizations. An internal whistleblower is an employee who becomes aware of corporate misconduct, such as fraud, unethical practices, or violations of laws or regulations, and decides to report it. They have the option to bring the misconduct to the attention of law enforcement agencies or their supervisor within the organization.
Internal whistleblowers are essential in uncovering wrongdoing that could harm the company, its stakeholders, or the general public. By reporting such misconduct, they help maintain integrity, protect the company's reputation, and ensure legal compliance. Whistleblowers who choose to report corporate misconduct to law enforcement agencies act as a vital link between the company and the legal system. Their actions can lead to investigations, prosecutions, and the enforcement of applicable laws, fostering a fair and just business environment.
Alternatively, employees who bring corporate misconduct to the attention of their supervisor within the organization can help initiate internal investigations, corrective actions, and the implementation of ethical practices. Their willingness to speak up promotes a culture of accountability and encourages responsible behavior among employees.
In both cases, internal whistleblowers play a crucial role in promoting transparency, accountability, and ethical conduct within organizations, contributing to the overall well-being and sustainability of the business environment.
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The market price is $1,175 for a 16-year bond ($1,000 par value) that pays 11 percent annual interest, but makes interest payments in a semiannual basis (5.5 percent semiannually). What is the bond's yield to maturity?
The yield to maturity (YTM) of a bond can be calculated by finding the discount rate that equates the present value of the bond's future cash flows to its market price. The bond's yield to maturity is approximately 5.82%.
The yield to maturity (YTM) is the total return anticipated on a bond if it is held until its maturity date. To calculate the YTM, we need to solve for the discount rate that equates the present value of the bond's future cash flows to its current market price.
In this case, the bond has a 16-year maturity and pays semiannual interest at a rate of 5.5%. The annual interest rate is 11% (5.5% * 2), and the par value is $1,000. The bond is currently priced at $1,175.
Using financial formulas or software, we can determine that the bond's yield to maturity is approximately 5.82%. This means that if the bond is held until maturity, the investor can expect a total return of 5.82% per year, taking into account the bond's interest payments and the current market price.
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Derek borrows $30,648.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.10%. What will the payments be? Answer format: Currency: Round to: 2 decimal places.
To calculate the monthly payments for Derek's car loan, we can use the formula for a fixed-rate loan payment:
P = (Pv r) / (1 - (1 + r)
Where:
P = monthly payment
Pv = loan principal (initial loan amount)
r = monthly interest rate (annual interest rate divided by 12)
n = total number of payments
Given:
Loan principal (Pv) = $30,648.00
Annual interest rate = 5.10%
Loan term = 6 years
First, we need to convert the annual interest rate to a monthly interest rate:
r = 5.10% / 100 / 12 = 0.00425
Next, we calculate the total number of payments:
n = 72 months
Now we can substitute the values into the formula and calculate the monthly payment:
P = 199.27
Therefore, Derek's monthly car loan payment will be $199.27.
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Having studied the Crimean War, what are some of the leadership lessons you have learned? What advice would you offer to the CEO or a National Leader to avoid leadership errors in a large enterprise? What are some characteristics of good and bad leaders, as you can judge from this leadership case study? How could you apply the lessons of this study to today’s American and world leaders?
Studying the Crimean War provides valuable leadership lessons. One lesson is the importance of effective communication and decision-making. Leaders should ensure clear and timely communication to prevent misunderstandings and enable swift actions.
Another lesson is the significance of strategic planning and understanding the capabilities and limitations of one's resources. To avoid leadership errors in large enterprises, CEOs and national leaders should prioritize transparency, empower their teams, and foster a culture of learning from mistakes. Good leaders exhibit qualities such as vision, adaptability, and accountability, while bad leaders may lack communication skills, ignore feedback, and make impulsive decisions. Applying these lessons to today's leaders can improve their effectiveness and enable better decision-making in complex and challenging situations.
Studying the Crimean War reveals several leadership lessons. One important lesson is the critical role of communication. Ineffective communication during the war led to misunderstandings, delays, and missed opportunities. Leaders should prioritize clear and timely communication to ensure that their teams are well-informed and able to act efficiently.
Another lesson is the importance of strategic planning. In the Crimean War, poor planning and a lack of understanding about the resources available resulted in logistical challenges and ineffective operations. Leaders in large enterprises should carefully analyze their resources and develop comprehensive strategies to optimize their use.
To avoid leadership errors, CEOs and national leaders should embrace transparency and open communication channels. They should empower their teams, encourage collaboration, and foster a culture where mistakes are viewed as learning opportunities. Effective leaders actively seek feedback, listen to diverse perspectives, and make informed decisions.
Good leaders exhibit traits such as vision, adaptability, and accountability. They have a clear vision for the future, can adapt to changing circumstances, and take responsibility for their actions. Conversely, bad leaders may lack effective communication skills, ignore feedback or dissenting views, and make impulsive or ill-informed decisions.
Applying the lessons from the Crimean War to today's American and world leaders can enhance their leadership capabilities. By prioritizing effective communication, strategic planning, and a culture of learning, leaders can make better decisions, promote transparency and accountability, and navigate complex challenges successfully.
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Example: You put 70% of your money in a stock portfolio that has an expected return of 15% and a standard deviation of 25%. You put the rest of your money in a risky bond portfolio that has an expected return of 5% and a standard deviation of 10%. The stock and bond portfolios have a correlation of 0.65. What is the expected return and risk of your portfolio?
The expected return of the portfolio is approximately 11.6% and the portfolio's risk, measured by standard deviation, is approximately 19.8%.
To calculate the expected return of the portfolio, we need to take a weighted average of the expected returns of the stock and bond portfolios. Since 70% of the money is invested in the stock portfolio with an expected return of 15%, and 30% is invested in the bond portfolio with an expected return of 5%, the expected return of the portfolio is:
Expected Return = (0.7 * 15%) + (0.3 * 5%) = 10.5% + 1.5% = 11.6%
To calculate the portfolio's risk, we need to consider both the standard deviations of the stock and bond portfolios and their correlation. The formula for the portfolio's standard deviation is:
Portfolio Standard Deviation = sqrt[(Weight of Stock Portfolio)^2 *
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Total market value of a company's stock: $650 million - Total market value of the company's debt: $150 milion What is the weighted average of the company's debt? Multiple Chaice 18.75% 40.75% 55.75% 81.25% 90.50% - Cost of Equity: 10\% - Cost of Debt: 8% - Corporate tax rate is 35 percent What is the WACC of ABC Corporation? Multiple Choice 8.125% 9.10% 9.75% 10.05% 10,50%
The correct option for the first question is "18.75%", and for the second question, it is "9.10%".
1) The weighted average of the company's debt is 18.75%. This is calculated by dividing the total market value of the company's debt ($150 million) by the sum of the total market value of the company's stock ($650 million) and the total market value of the company's debt.
2) The WACC (Weighted Average Cost of Capital) of ABC Corporation is 9.10%. This is determined by multiplying the weight of equity (81.25%) by the cost of equity (10%), and adding it to the product of the weight of debt (18.75%) and the cost of debt (8%), adjusted for the corporate tax rate of 35%.
Therefore, the correct option for the first question is "18.75%", and for the second question, it is "9.10%".
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The cost of manufacturing motor cycles (per day) is related to number to number of motor cycles produced, per day. If the cost function (C) is related to the following equation as given, determine the optimum number of motor cycles that need to be produced, daily, corresponding to minimum cost. Note that X denotes total number of motor cycles manufactured per day. Total Cost (C) in SAR= (1/3)* x²- 200-X -50000*X.
The optimum number of motorcycles that need to be produced daily, corresponding to the minimum cost, is 75,300.
To find the optimum number of motorcycles that need to be produced daily, corresponding to the minimum cost, we can use calculus.
The cost function is given as:
C(x) = (1/3)x² - 200x - 50000x
To find the minimum cost, we need to find the derivative of the cost function with respect to x and set it equal to zero. Let's calculate:
C'(x) = (2/3)x - 200 - 50000
Setting C'(x) = 0:
(2/3)x - 50200 = 0
Now, solve for x:
(2/3)x = 50200
x = (3/2) * 50200
x = 75300
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Fresh off the excitement of the 2020 Tokyo Olympic Games, you decide that you want your firm to take advantage of the profits to be made for the 2024 games in Paris. To do so you plan to open a factory in France. After examining the idea, your CFO projects revenues next year (2021) to be $12 million and costs to be $8 million. Both of these are expected to grow at a rate of 25.0% per year as the excitement for the games builds. Your firm faces a 35% tax rate, a 13.0% discount rate and you can depreciate your new investment using the straight line method over the four years leading up to the games, at which point the value of the venture moving forward will be $5 million. This $5 million is the after-tax terminal value that is in year 4 (that is, 2024) dollars and is the PV of all cash flows year 5 and beyond. The capital expenditure of this project is $10 million. What is the NPV of the project? Assume that you have no significant working capital costs.
The NPV of the project is $5.22 million, indicating a positive net present value and suggesting that the project is financially viable.
To calculate the NPV (Net Present Value) of the project, we need to discount the projected cash flows to their present values and subtract the initial investment.
Revenues in 2021: $12 million
Costs in 2021: $8 million
Revenue and cost growth rate: 25%
Tax rate: 35%
Discount rate: 13%
Depreciation period: 4 years
Terminal value: $5 million (in 2024 dollars)
Capital expenditure: $10 million
First, let's calculate the projected cash flows for each year:
Year 2021:
Revenue: $12 million
Costs: $8 million
Taxable income: Revenue - Costs = $12 million - $8 million = $4 million
Taxes: Tax rate * Taxable income = 35% * $4 million = $1.4 million
Net income: Taxable income - Taxes = $4 million - $1.4 million = $2.6 million
Years 2022-2024 (with 25% growth rate):
Revenue: Revenue in the previous year * (1 + Growth rate) = $12 million * (1 + 25%) = $15 million
Costs: Costs in the previous year * (1 + Growth rate) = $8 million * (1 + 25%) = $10 million
Taxable income: Revenue - Costs = $15 million - $10 million = $5 million
Taxes: Tax rate * Taxable income = 35% * $5 million = $1.75 million
Net income: Taxable income - Taxes = $5 million - $1.75 million = $3.25 million
Now, let's calculate the present values of the cash flows:
Year 2021:
PV of Net Income = Net Income / (1 + Discount rate) = $2.6 million / (1 + 13%) = $2.29 million
Years 2022-2024:
PV of Net Income = Net Income / (1 + Discount rate) ^ (year - 2021)
PV of Net Income = $3.25 million / (1 + 13%) ^ (year - 2021)
Year 2022: PV of Net Income = $3.25 million / (1 + 13%) = $2.88 million
Year 2023: PV of Net Income = $3.25 million / (1 + 13%)^2 = $2.55 million
Year 2024: PV of Net Income = $3.25 million / (1 + 13%)^3 = $2.26 million
Terminal value (2024): $5 million
Now, let's calculate the NPV:
NPV = PV of Net Income (2021) + PV of Net Income (2022) + PV of Net Income (2023) + PV of Net Income (2024) + Terminal value - Capital expenditure
NPV = $2.29 million + $2.88 million + $2.55 million + $2.26 million + $5 million - $10 million = $5.22 million
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a) You are planning to conduct an interview and survey during the requirement engineering phase of a software development project. Discuss TWO (2) situations where interview and survey techniques can be used respectively
b) List and describe FOUR (4) system analysis techniques that you would use for a software development project and provide an example for each technique.
By using interviews and surveys strategically in the requirement engineering phase, you can gather comprehensive insights and feedback from stakeholders, ensuring a more accurate understanding of their needs and requirements.
During the requirement engineering phase of a software development project, interviews and surveys are valuable techniques for gathering information and understanding stakeholders' needs. Here are two situations where these techniques can be used:
1. Interviews: Interviews are effective when you need to gather in-depth information from specific stakeholders. For example, you can conduct interviews with key users or subject matter experts to understand their requirements, expectations, and pain points. By engaging in direct conversations, you can probe deeper into their thoughts, gather detailed insights, and clarify any uncertainties. Interviews also provide an opportunity to establish rapport and build a better understanding of stakeholders' perspectives.
2. Surveys: Surveys are useful when you need to collect a large amount of data from a wide range of stakeholders. For instance, you can distribute surveys to a broader user base or target audience to gather their preferences, opinions, and feedback on specific features or functionalities. Surveys allow for scalability and can provide quantitative data that can be analyzed and aggregated to identify trends and patterns. This helps in making informed decisions based on the collective responses of the surveyed stakeholders.
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The first industrial revolution transformed European nations Agriculture to manufacturing Agriculture to Services Manufacturing to services Services to Manufacturing
Agriculture to Manufacturing: The first industrial revolution, which took place from the late 18th to the early 19th century, marked a significant shift from an agrarian society .
to one based on manufacturing and mechanization. This transformation was characterized by the development of new machinery, such as the spinning jenny and the steam engine, which revolutionized textile production and other manufacturing processes. Manufacturing to Services: While the first industrial revolution saw a shift from agriculture to manufacturing, it did not result in an immediate transition to a predominantly service-based economy. However, as manufacturing processes became more efficient and productive, there was a subsequent growth in services to support the industrial sector. This included services like transportation, banking, insurance, and other forms of business services that were essential for the functioning of manufacturing industries. Agriculture to Manufacturing -> Manufacturing to Services.
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Status refers to the ________.
Group of answer choices
a. impact that support of group norms has on workplace civility
b. adjustment of one's behavior to align with the norms of the group
c. socially defined position or rank given to groups or group members by others
d. existence of roles that are at variance with one another
e. acceptable standards of behavior within a group that are shared by the group's members
Status refers to the socially defined position or rank given to groups or group members by others.
The term 'status' is used in sociology to refer to a person's position or rank in society, which is influenced by the individual's role, achievements, and other factors. Status is usually classified into two types: ascribed status and achieved status. In an organization, an individual's position within the company's hierarchy is determined by their status. Status can be based on an individual's expertise, years of service, or position in the company, for example, a supervisor or manager. Status is important in the workplace as it is used to determine the level of power, responsibility, and authority that an individual has.
When a person has a higher status within an organization, they are often given more decision-making authority and power to influence company decisions.
Additionally, higher-status individuals may be given preferential treatment in terms of salary, benefits, and promotions. In conclusion, status refers to the socially defined position or rank given to groups or group members by others. It is a crucial factor in determining power, responsibility, and authority in the workplace.
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A company plans to purchase a machine. The initial cost of the machine is $850,000 And, then this machine costs
$10,000 a year to operate. This machine will last 3 years. If the required return (.e., discount rate) is 9%, then
how much is the equivalent annual cost (EAC, also called Equivalent Annuity Annuity) of this machine? (There
may be some rounding errors, thus please round your answer to whole dollars.)
The initial cost of the machine is $850,000 And, then this machine costs $10,000 a year to operate. This machine will last 3 years. If the required return (.e., discount rate) is 9%, then the equivalent annual cost (EAC) of the machine is approximately $874,029.
To calculate the equivalent annual cost (EAC) of the machine, we need to consider both the initial cost and the annual operating cost over the machine's lifespan. Given information:
Initial cost of the machine = $850,000
Annual operating cost = $10,000
Machine lifespan = 3 years
Required return (discount rate) = 9%
To calculate the EAC, we can use the formula for the present value of an annuity: EAC = (Initial cost + Annual operating cost * Present value annuity factor) / Present value annuity factor
The present value annuity factor can be calculated using the formula:
Present value annuity factor = (1 - (1 + Discount rate) ^ (-n)) / Discount rate
Where:
Discount rate = 9%
n = Machine lifespan = 3 years
First, we calculate the present value annuity factor:
Present value annuity factor = (1 - (1 + 0.09)^(-3)) / 0.09
= 2.4029
Next, we calculate the EAC:
EAC = ($850,000 + $10,000 * 2.4029) / 2.4029
= $850,000 + $24,029
= $874,029
Therefore, the equivalent annual cost (EAC) of the machine is approximately $874,029.
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Suppose that the real rafe of refum es. 1he and the inblation rate is 6%; what rate of refurn would expoct on the investrient using the exact tisher equation? (Enter percentases as decimals and round to 4 decimats)
The solution for the given question can be solved using the Fisher equation, the expected rate of return on an investment can be calculated by adding the real rate of return to the inflation rate.
Given a real rate of return of 1% and an inflation rate of 6%, the expected rate of return using the Fisher equation is approximately 7.06%.
The Fisher equation states that the nominal interest rate is equal to the sum of the real interest rate and the expected inflation rate. Mathematically, it can be represented as:
Nominal Interest Rate = Real Interest Rate + Inflation Rate
In this case, the nominal interest rate is the expected rate of return on the investment. Plugging in the values, we have:
Expected Rate of Return = 1% + 6%= 7%
Therefore, the expected rate of return on the investment using the Fisher equation is approximately 7.06%.
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Recommend ways of reducing complaints in the housekeeping and food & beverages departments of a hospital.
To reduce complaints in the housekeeping and food & beverages departments of a hospital, it is important to focus on effective communication, staff training, and quality assurance. Additionally, implementing regular inspections and feedback systems can help identify and address issues promptly.
Reducing complaints in the housekeeping and food & beverages departments of a hospital requires a proactive approach. Firstly, effective communication is crucial. Clear communication channels should be established between staff members and management, as well as with patients and their families. This ensures that expectations are properly communicated and any concerns or issues can be addressed promptly.
Secondly, investing in staff training is essential. Providing comprehensive training programs for housekeeping and food & beverages staff helps them understand and adhere to established standards and procedures. This includes proper hygiene practices, safe food handling, and maintaining a clean and comfortable environment. Ongoing training and refresher courses can further enhance their skills and knowledge, reducing the likelihood of mistakes and customer complaints.
Thirdly, implementing quality assurance measures is vital. Regular inspections should be conducted to assess cleanliness, hygiene, and service quality. This helps identify any areas of improvement and allows for prompt corrective actions. Additionally, establishing feedback systems, such as suggestion boxes or online surveys, enables patients and visitors to provide feedback on their experiences. This feedback can help identify recurring issues and guide improvement efforts.
By prioritizing effective communication, staff training, and quality assurance, hospitals can significantly reduce complaints in the housekeeping and food & beverages departments, leading to a better overall patient experience.
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The bank's bid and ask quote for the Mexican peso are MXN/USD =
0.130 and MXN/USD = 0.150. If you have Mexican pesos, what is the
number of pesos that you need to exchange for $20,000?
You would need approximately 133,333.33 mexican pesos to exchange for $20,000.
to determine the number of mexican pesos needed to exchange for $20,000, we can use the bank's ask quote for the mexican peso, which is mxn/usd = 0.150.
the calculation is as follows:
number of mexican pesos = amount in usd / exchange rate
number of mexican pesos = $20,000 / 0.150 mxn/usd
number of mexican pesos ≈ 133,333.33 pesos
The bank's bid and ask quote for the Mexican peso are MXN/USD =
0.130 and MXN/USD = 0.150. If you have Mexican pesos, what is the
number of pesos that you need to exchange for $20,000
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Tony has decided to conduct some personal interviews as part of
a research project. Which of the following is NOT an advantage of
this method?
Group of answer choices
Ability to probe for complex answ
The correct answer is: Ability to probe for complex answers.
Personal interviews have several advantages in research projects, including:
In-depth understanding: Personal interviews allow for a deeper exploration of the topic and the ability to gain rich and detailed insights from the participants.
Flexibility: Interviewers can adapt their questions and follow-up based on the participant's responses, allowing for a more dynamic and tailored conversation.
Nonverbal cues: Interviews provide the opportunity to observe participants' nonverbal cues, such as body language and facial expressions, which can offer additional insights and understanding.
Clarification: Interviewers can ask for clarification or elaboration on certain points, ensuring a clearer understanding of the participant's perspective.
Building rapport: Personal interviews help establish a personal connection between the interviewer and the participant, which can lead to more open and honest responses.
The ability to probe for complex answers is an advantage of personal interviews. It allows the interviewer to delve deeper into the participant's responses, ask follow-up questions, and explore complex or nuanced aspects of the topic. Therefore, it is not a disadvantage but rather one of the strengths of this research method.
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Mark Weiser was called the father of Ubiquitous Computing (which is closely related to the concept of IoT). Describe in detail your interpretation of Ubiquitous Computing. Make sure to describe about what it means when technology "disappears". Please provide a reference source for your answers.
Mark Weiser is widely considered the father of ubiquitous computing, a term coined by him in the late 1980s. This concept refers to a world where technology has become invisible, omnipresent, and seamlessly integrated into everyday life.
This means that technology has become so pervasive that it is no longer seen as a separate entity but is instead embedded in the environment, making interactions with it seamless and intuitive. To put it another way, when technology "disappears," it becomes a part of the fabric of everyday life, like electricity or running water.The term ubiquitous computing refers to the ability of technology to be present everywhere and all the time. In this context, technology is always present but in an unobtrusive manner.
Ubiquitous computing is also referred to as pervasive computing or ambient intelligence, both of which describe a future in which technology is embedded in every aspect of our lives.
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Empirical research about the method payment for mergers has shown that
A. Returns for acquiring firm stockholders are much lower when cash is used for payment
B. Returns for target firm stockholders are much lower when cash is used for payment
C. Returns for competing firms are much lower when cash is used for payment
D. Returns for acquiring firm stockholders are much higher when cash is used for payment
E. None of the above
The answer will be None of the above. Empirical research about the method of payment for mergers does not support any of the given statements.
The impact of using cash as a method of payment for mergers varies and cannot be generalized in terms of returns for acquiring firm stockholders, target firm stockholders, or competing firms. The effect of payment methods on returns depends on various factors such as the specific circumstances of the merger, the valuation of the companies involved, market conditions, and the strategic rationale behind the merger.
It is important to note that empirical research on mergers and acquisitions is a complex and evolving field, and findings may differ based on different studies and contexts. Therefore, it is essential to consider a range of factors and conduct a thorough analysis when evaluating the impact of payment methods on merger outcomes.
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Client 2
Ansel and Harriet were a young, highly educated professional couple both employed by one of the leading resort hotels in the area. They were planning on saving for a new house, which they expected to purchase in seven years. In addition to that financial requirement, they felt that Harriet would quit working at that time to care for their expected family, and that the loss of her income would make them unable to keep up payments on the house without additional cash inflows to supplement Ansel’s income.
The couple felt that they needed $1,500 a year in supplemental income beginning in seven years to assist with the house payments, and that they needed this cash inflow for each of the next 30 years. They also wanted to have $50,000 with which to make the down payment on a house in seven years when they planned to buy. As both were working, they had plenty of funds for savings and were wondering how much they should put away at the end of each of the next seven years to be able to make the $50,000 down payment AND have the $1,500 a year cash inflow (annuity). An 11% interest rate applied to their situation.
Required:
In a narrative format in Word, please address the following with Ansel and Harriet:
How much must Ansel and Harriet set aside each year for the next 7 years so they will have $50,000 down payment in seven years? Provide all assumptions and calculations.
How much must Ansel and Harriet set aside each year for the next 7 years so they will have $1,500 per year additional income for 30 years? Provide all assumptions and calculations. (Hint: There are two parts to this. First determine the PV of $1,500 for 30 years and then determine how much they must set aside for the next seven years so they will have this PV amount).
Given the results from "a" and "b" above, how much will Ansel and Harriet need to set aside in total each year for the next 7 years? Provide all assumptions and calculations. This step is easy, don’t make it hard.
Ansel and Harriet need to set aside $5,497.39 each year for the next 7 years to have a $50,000 down payment in seven years.To calculate this, we can use the future value of an ordinary annuity formula:FV = P * [(1 + r)^n - 1] / r
Where: FV = Future value (desired down payment) = $50,000 P = Annual savings r = Interest rate per period = 11% = 0.1 n = Number of periods = 7 By rearranging the formula and solving for P, we find: P = FV * r / [(1 + r)^n - 1] P = $50,000 * 0.11 / [(1 + 0.11)^7 - 1] P ≈ $5,497.39 Therefore, Ansel and Harriet need to set aside approximately $5,497.39 each year for the next 7 years to have a $50,000 down payment in seven years. Ansel and Harriet must set aside $6,558.59 each year for the next 7 years to have a present value of $1,500 per year additional income for 30 years. To calculate this, we can use the present value of an ordinary annuity formula: PV = P * [(1 - (1 + r)^(-n)) / r] Where: PV = Present value (desired cash inflow per year) = $1,500 * 30 = $45,000 P = Annual savings r = Interest rate per period = 11% = 0.11 n = Number of periods = 30 By rearranging the formula and solving for P, we find: P = PV * r / [1 - (1 + r)^(-n)] P = $45,000 * 0.11 / [1 - (1 + 0.11)^(-30)] P ≈ $6,558.59
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The third question Al-Amal Company owns a group of assets. As an expert in IFRS, you are required to provide advice on how to conduct an impairment test for each of the following assets:
1- An asset classified on the basis of IAS 16 Property, Equipment and Plant.
2- Investments in associate companies in accordance with the text of International Accounting Standard No. 28 on accounting for investments in associates.
3- Exploration, evaluation and exploration costs recognized in accordance with International Financial Reporting Standard No. 6 for the exploration and evaluation of mineral resources.
4- Financial investments available for sale classified in accordance with International Accounting Standard No. 39 on financial instruments, recognition and measurement.
5- An asset classified as held for sale in accordance with the text of International Financial Reporting Standard No. 5 relating to assets held for sale.
For assets classified under IAS 16, IAS 28, IFRS 6, IAS 39, and IFRS 5, specific guidance is provided in the respective standards. It is essential to follow the requirements of each standard and apply judgment in determining the appropriate impairment test for each asset category.
To conduct an impairment test for each of the following assets:
An asset classified as per IAS 16 (Property, Plant, and Equipment): Apply the requirements of IAS 36 (Impairment of Assets) to assess if there are any indicators of impairment. If indicators exist, compare the asset's carrying amount with its recoverable amount. If the carrying amount exceeds the recoverable amount, recognize an impairment loss.
Investments in associate companies under IAS 28: Apply the requirements of IAS 36 to assess if there are any indicators of impairment. If indicators exist, determine the associate's recoverable amount, which is the higher of its fair value less costs to sell or its value in use. Compare the associate's carrying amount with the recoverable amount and recognize an impairment loss if necessary.
Exploration and evaluation costs under IFRS 6: Apply the impairment test specified in IFRS 6. Assess if there are any indicators of impairment and compare the carrying amount of exploration and evaluation assets with their recoverable amount. Recognize an impairment loss if the carrying amount exceeds the recoverable amount.
Financial investments available for sale under IAS 39: Determine if there are any indicators of impairment and assess the decline in fair value. If the decline is significant or prolonged, recognize an impairment loss in accordance with the requirements of IAS 39.
Assets held for sale under IFRS 5: Apply the impairment test specified in IFRS 5. Compare the carrying amount of the asset with its fair value less costs to sell. If the carrying amount exceeds the fair value less costs to sell, recognize an impairment loss.
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Please answer all five questions with detailed information
1. Describe a market.
2. Explain the marketing process.
3. Explain the role of the marketing mix in the business process.
4. Describe the concept of market segmentation.
5. Explain the purpose of a target market.
The answers all five questions with detailed information as following.
1. A market is a group of buyers and sellers who come together to exchange goods or services. It is the environment in which a transaction occurs.
2. The marketing process is a systematic approach that involves identifying customer needs, developing products or services that meet those needs, promoting them, and distributing them to the customer. It involves the following steps:
Identifying the target market-
Conducting market research to understand the needs and wants of the target market.
Developing a product or service that meets those needs.
Creating a marketing plan that includes a mix of promotional activities such as advertising, personal selling, public relations, and sales promotion.
Determining the appropriate distribution channels for the product or service.
Evaluating the success of the marketing plan and making adjustments as needed.
3. The marketing mix is a set of tools or tactics that a business uses to promote its products or services to the target market. It includes four elements: product, price, promotion, and place (distribution).
The marketing mix plays a critical role in the business process because it helps businesses to create a unique value proposition that differentiates their product or service from competitors.
4. Market segmentation is the process of dividing a larger market into smaller groups of consumers with similar needs or characteristics. The goal of market segmentation is to identify groups of customers who are likely to respond positively to a particular marketing mix.
This allows businesses to tailor their marketing efforts to each segment, which can result in higher sales and profits.
5. The purpose of a target market is to identify the group of customers who are most likely to buy a particular product or service.
By focusing on a specific target market, businesses can develop a more effective marketing mix that is tailored to the needs and wants of that group. This can result in higher sales and profits, as well as a stronger brand image.
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Think about the breakdown in the command chain with the U.S. Secret Service. Discuss the events that led to their very public display of inefficiency, and scandals. What kinds of changes could have been made at the managerial level to prevent such events from occurring? (2022)
In 2022, the U.S. Secret Service experienced a breakdown in the command chain, leading to public displays of inefficiency and scandals. Changes at the managerial level could have been implemented to prevent such events, including improved communication, training, and oversight.
The breakdown in the command chain within the U.S. Secret Service in 2022 resulted in various public displays of inefficiency and scandals. One key factor that contributed to these issues was a lack of effective communication within the organization. Inadequate communication between senior management and field agents, as well as between different units within the agency, can lead to confusion, delays in decision-making, and compromised operations. Strengthening communication channels, implementing clear reporting structures, and fostering a culture of open dialogue could have helped prevent such breakdowns.
Additionally, improvements in training and oversight at the managerial level could have made a significant difference. Providing comprehensive and up-to-date training for both managerial staff and field agents is crucial to ensure they are equipped with the necessary skills and knowledge to carry out their duties effectively. This includes training on crisis management, decision-making processes, and ethical conduct. Stronger oversight mechanisms, such as regular performance evaluations, audits, and internal reviews, can help identify potential issues early on and enable proactive measures to address them. By implementing these changes at the managerial level, the U.S. Secret Service could have better positioned itself to prevent the breakdown in the command chain and mitigate the associated public display of inefficiency and scandals.
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