Supply Chain Management (SCM) is the strategic coordination of activities involved in sourcing, production, and distribution to ensure efficient flow of goods and services. To construct the right SCM program, assess the current supply chain, define objectives, foster collaborative relationships, utilize technology, focus on continuous improvement, manage risks, and invest in training.
SCM (Supply Chain Management) is the strategic coordination and integration of all activities involved in sourcing, procurement, production, and logistics to ensure the smooth flow of goods, services, and information from suppliers to customers. It aims to optimize the overall efficiency, cost-effectiveness, and responsiveness of the supply chain.
Constructing the right SCM program for your company involves several key steps:
Assessing Current Supply Chain: Evaluate the existing supply chain processes, including inventory management, production, distribution, and customer service. Identify strengths, weaknesses, bottlenecks, and areas for improvement.Defining Objectives: Clearly define your company's supply chain objectives, such as reducing costs, improving customer service, enhancing flexibility, or entering new markets. These objectives should align with the overall business strategy.Collaborative Relationships: Foster strong relationships with suppliers, distributors, and other stakeholders in the supply chain. Collaboration and effective communication are vital for successful SCM. Establish mutually beneficial partnerships to enhance reliability and responsiveness.Demand Planning and Forecasting: Utilize accurate demand forecasting techniques to anticipate customer needs and plan production and inventory levels accordingly. This helps optimize inventory management, minimize stockouts, and reduce lead times.Technology and Automation: Implement appropriate technology and systems such as Enterprise Resource Planning (ERP), Warehouse Management Systems (WMS), and Transportation Management Systems (TMS) to streamline processes, improve visibility, and enhance coordination across the supply chain.Continuous Improvement: Implement a culture of continuous improvement, emphasizing regular evaluation, measurement, and analysis of supply chain performance. Use Key Performance Indicators (KPIs) to monitor metrics such as delivery times, order accuracy, inventory turnover, and customer satisfaction.Risk Management: Identify potential risks and develop contingency plans to mitigate disruptions in the supply chain. This includes assessing vulnerabilities, establishing backup suppliers, and implementing risk management strategies to ensure business continuity.Training and Development: Invest in training programs to develop supply chain management skills within your organization. This includes enhancing knowledge of best practices, industry trends, and emerging technologies.Performance Evaluation and Supplier Scorecards: Regularly evaluate the performance of suppliers and measure their adherence to key metrics. Implement supplier scorecards to assess their reliability, quality, and delivery performance.Continuous Adaptation: The SCM program should be flexible and adaptable to changing market dynamics, customer demands, and technological advancements. Continuously monitor industry trends and update your SCM strategies accordingly.Learn more about supply chain management here:-
https://brainly.com/question/25160870
#SPJ11
A price-taking firm, in the short run, has chosen the output level that maximizes its short-run profits. This output level is positive, i.e., q> 0. Consider the following statements regarding this firm at its short-run profit- maximizing output level: 1. price equals short-run marginal cost. 2. price is not lower than average variable cost. 3. the short-run marginal cost is increasing (rising) at the output level the firm is producing. Which of the above statements is TRUE? O a. 2 and 3 only. O b. 1 and 2 only. O c. 1 and 3 only. O d. 1, 2, and 3. O e. 1 only. QUESTION 2 Firm exit occurs in the long run when O a. none of the responses listed here is correct. O b. the firm's economic profits are negative. O c. the firm's economic profits are zero or negative. O d. the firm's economic profits are positive but not sufficiently high. O e. a labor strike prevents the firm from operating. QUESTION 3 Consider the following statements about the behavior of a profit-maximizing, price-taking firm in a competitive market. Which of the statements accurately describe(s) the firm's behavior 1. the firm sets price to maximize profits. 2. the firm chooses its output so that marginal revenue equals marginal cost. Which of the above statements is TRUE? O a. Neither 1 nor 2 is true. O b. 1 only. O c. Both 1 and 2. O d. 2 only. QUESTION 5 Suppose that a firm's short-run costs are given by the function C(q) = 300 + 5q². The price the firm gets for its output is P = 40. The firm's short-run profit-maximizing output level is O a. q = 5. O b.q=1. O c. q = 4. O d. q = 0. O e. q = 3. O f. q = 2.
Previous question
Next question
The correct answer is: a. 2 and 3 only.
The statement "price equals short-run marginal cost" is true. In a perfectly competitive market, a price-taking firm maximizes its short-run profits by setting its output level where marginal cost equals price.
The statement "price is not lower than average variable cost" is true. In the short run, a firm should continue producing as long as the price is higher than the average variable cost to minimize losses.
The statement "the short-run marginal cost is increasing (rising) at the output level the firm is producing" is false. In the short run, the marginal cost may be decreasing or increasing, depending on the shape of the cost function. It is not necessarily rising at the output level where the firm maximizes its short-run profits.
Therefore, the correct answer is:
a. 2 and 3 only.
Learn more about marginal cost here:
https://brainly.com/question/32126253
#SPJ11
An Application Or Website That Uses Data From One Or More Service Providers Is Called
An application or website that uses data from one or more service providers is called
An application or website that uses data from one or more service providers is commonly referred to as a "data aggregator" or "data integration platform."
A data aggregator is a software application or platform that collects, integrates, and consolidates data from multiple sources, typically provided by various service providers. It acts as an intermediary between the service providers and the application or website that requires access to the data. The data aggregator facilitates the retrieval, processing, and delivery of data from these providers in a standardized and unified format.
Data aggregators play a crucial role in enabling seamless data integration across different systems, allowing applications or websites to access and utilize data from diverse sources. These sources can include APIs (Application Programming Interfaces) provided by external services, databases, web scraping, or other methods of data collection.
The purpose of a data aggregator is to streamline data acquisition, enhance data quality and consistency, and provide a unified interface for developers or end-users to access the aggregated data. By consolidating data from multiple service providers, applications or websites can offer comprehensive and up-to-date information to their users without the need for them to navigate between different sources manually.
An application or website that uses data from one or more service providers is commonly known as a data aggregator or data integration platform. These platforms simplify the process of accessing, integrating, and delivering data from multiple sources, ensuring consistency and providing a unified experience for users.
To know more about website ,visit:
https://brainly.com/question/28431103
#SPJ11
Discuss the flows of information between Marketing and Sales, Accounting and Finance, Supply Chain Management, and Human Resources at a typical online store.
In a typical online store, there are several flows of information between different departments. Let's discuss the flows of information between Marketing and Sales, Accounting and Finance, Supply Chain Management, and Human Resources.
1. Marketing and Sales: The flow of information between Marketing and Sales is crucial for the success of an online store. Marketing provides information on target customer segments, market trends, and product promotions to the Sales team. In return, Sales provides feedback on customer preferences, sales performance, and customer inquiries to the Marketing team. This information exchange helps align marketing strategies with sales goals and ensures effective customer communication.
2. Accounting and Finance: The flow of information between Accounting and Finance departments involves financial data, budgeting, and analysis. Accounting provides sales figures, expenses, and other financial information to Finance. This helps Finance in budgeting, forecasting, and analyzing the financial health of the online store. Finance also provides financial reports, profitability analysis, and recommendations to Accounting for accurate financial recording and reporting.
3. Supply Chain Management: Supply Chain Management involves the coordination of activities related to procurement, inventory management, and order fulfillment. Marketing provides information on product demand forecasts and promotions to Supply Chain Management. This helps in planning procurement, managing inventory levels, and ensuring timely order fulfillment. On the other hand, Supply Chain Management provides updates on inventory levels, logistics, and order status to Marketing. This enables Marketing to communicate accurate product availability to customers.
4. Human Resources: The flow of information between Human Resources and other departments ensures effective employee management and development. Human Resources provides information on job vacancies, job descriptions, and hiring requirements to Marketing, Sales, Accounting and Finance, and Supply Chain Management. This helps in recruitment and selection processes. Additionally, other departments provide feedback to Human Resources on employee performance, training needs, and organizational development. This information assists Human Resources in performance evaluations, training programs, and succession planning.
In conclusion, the flows of information between Marketing and Sales, Accounting and Finance, Supply Chain Management, and Human Resources at a typical online store are essential for effective decision-making, coordination, and overall success of the business.
To know more about , Marketing visit:
https://brainly.com/question/25369230
#SPJ11
After graduating from college, Clint obtained employment in Omaha. In moving from his parents' home in Baltimore to Omaha, Clint incurred the following expense: Transportation - $700 Meals - $380 Lodging - $400 Cost of moving household goods- $3,500 A) How much may clint deduct as moving expense? B) Would any deduction be allowed if Clint claimed the standard deduction for the year of the move? Explain.
A) Clint may not deduct any moving expenses as the deduction is no longer available for most taxpayers, except for members of the U.S. Armed Forces.
B) If Clint claims the standard deduction, he cannot deduct any moving expenses regardless of their actual amount.
A) To determine the amount Clint may deduct as a moving expense, we need to consider the rules set by the Internal Revenue Service (IRS). Prior to 2018, qualified moving expenses were deductible if the move was closely related to the start of work at a new job location and met certain distance and time requirements. However, under current tax laws, starting from 2018, the deduction for moving expenses is no longer available for most taxpayers except for members of the U.S. Armed Forces.
B) If Clint claimed the standard deduction for the year of the move, he would not be allowed to deduct any moving expenses. The standard deduction is a predetermined amount set by the IRS that taxpayers can claim to reduce their taxable income. It is available to all eligible taxpayers, regardless of their actual expenses.
Since moving expenses are no longer deductible for most taxpayers, including those claiming the standard deduction, Clint would not be able to deduct any of his moving expenses for tax purposes.
It's important to note that tax laws and regulations may change over time, so it's always advisable to consult with a qualified tax professional or refer to the current tax laws applicable to the specific tax year in question for accurate guidance regarding deductions and eligibility criteria.
To know more about Internal Revenue Service (IRS), refer to the link below:
https://brainly.com/question/30401300#
#SPJ11
Read this article from the New York Times Equal Employment Opportunity Commission (EEOCl . Aberciombie and Fitch e. If you cannot access the New York Times article you may read this brief on the EEOC's website Abercrombie Recolves Religious Discrimination Case s" (You do not have to read both articles to complete this assignment.) This case is also summarized on page 560-561 of your textbook. In this case the U.S. Supreme Court decided that a women who was denied employment at Abercrombie and Fitch because she wanted to wear a head scarf (hijab) could sue the company for employment discrimination. The company had argued that the hijab clashes with their dress code which they described as "classic east coast collegiate" style. The court said that the real reason Abercrombie denied her a job is that they did not want to accommodate her religious practice, - In your original post discuss the following with your classmates: 1. Did the company really try to disguise religious discrimination in its dress code or was maintaining their style a legitimate company interest? 2. The court said that a perspective employee did not have to disclose the need for a religious accommodation at the time of their application. Do you agree that this is appropriate? 3. Title VII requires that the employer make a "reasonable accommodation" for an employee's religious practice. Does allowing her to wear a headscarf meet this standard does it create an undue hardship? Explain, Write an original 200+ word post by Wedresday of the week the discussion is due. In your post mention at least two things you have leamed from the textbook or lectures on the topic. Give your opinion on the issue in a clear and understandable manner. Always discuss any ethical issues that are involved. Cite any other sources you use when writing your post at the end of your submission. After writing your own post, reply to the posts of two other students before the discussion board due date. Replies should be at least 100 words long and ask questions or otherwise encourage discussion Replies that simply compliment or disagree with the post will not be accepted for credit.
In the Abercrombie and Fitch case, a female job applicant was denied employment because she wore a headscarf (hijab) which conflicted with the company's dress code.
The U.S. Supreme Court ruled in favor of the employee stating that the real reason for her rejection was not her inability to comply with the dress code but rather the company's unwillingness to make a reasonable accommodation for her religious beliefs.
Regarding the first question, it is clear that Abercrombie and Fitch knew about the applicant's headscarf and had a discriminatory motive for rejecting her. While a company may have a legitimate interest in maintaining their style, they must ensure that it does not infringe on an employee's protected rights such as religious freedom. Thus, disguising discrimination in the guise of company policy violates Title VII of the Civil Rights Act.
The second question asks if a prospective employee should disclose the need for religious accommodation at the time of application. While it would be ideal for applicants to disclose their needs upfront so that employers can make accommodations, this is not always feasible or practical. An employee may not feel comfortable disclosing their religious beliefs until after they are hired or may not realize the extent of the accommodation needed until they start working. Therefore, it is appropriate for employees to request accommodations at any time without fear of retribution.
Finally, the last question pertains to whether allowing the employee to wear a headscarf constitutes a reasonable accommodation or creates an undue hardship. The answer largely depends on the specific circumstances of the workplace.
Given that Abercrombie and Fitch's dress code included exceptions for other types of headwear, accommodating the hijab would not pose an undue hardship for the company. Additionally, Title VII requires that employers make reasonable accommodations to avoid discrimination based on religion. Allowing the applicant to wear a simple headscarf would not significantly impact the company's operations or business interests.
From the textbook, I have learned that Title VII prohibits discrimination based on religion and mandates that employers make reasonable accommodations for the religious beliefs of their employees. Furthermore, the textbook emphasizes the importance of avoiding discriminatory dress codes by providing exceptions for religious beliefs.
In conclusion, Abercrombie and Fitch's denial of employment to a prospective employee because of her headscarf violated Title VII's prohibition against religious discrimination. The company could not disguise this discrimination under the guise of a dress code policy. Employees should not be required to disclose their need for accommodation at the time of application, and accommodating an employee's religious beliefs is mandatory as long as it does not create an undue hardship.
learn more about employment here
https://brainly.com/question/1361941
#SPJ11
What you must provide for this Alternate A Grade Assignment, a Report on the History of the Use of Templates and Boilerplate Language in Business and Professional Writing
1. A short report (see suggested format/template below) that defines what primary and secondary audiences are using reliable sources (preferably scholarly) to inform those definitions (minimum length – 250 wds.)
2. The report should use two (2) sources and cite these in correct APA 7thedition citation style. (One of these sources can be your Week 4 Discussion topic response for the topic "Primary and Secondary Audiences").
Template to Use as You Complete this Assignment
To present your short report on primary and secondary audiences used business and professional writing, you should follow the report template presented below. Be sure to include headings and follow standard business style in writing your report.
Introduction
In this section of the report, introduce the topic, give a brief context for the report (it might be helpful to mention important it is to identify primary and secondary audience(s) for a business report is as well as explaining/defining what primary audience is and what secondary audienceis), and offer a thesis statement that tells readers that you will be giving them definitions of these terms and how you identified the primary and secondary audiences for your research report.
Definition of primary audience
Here you should give the definition of primary audience you have gathered from your source(s)and perhaps mention the role of primary audience identification in business report writing.
Definition of Secondary Audience
Here you should give the definition of secondary audience you have gathered from your source(s) and perhaps mention the role of secondary audience identification in business report writing.
Discussion of Primary and Secondary Audience in Your Research Report
Here you explain how you chose the primary audience for your research report and discuss the secondary audience you chose. You will want to explain why your secondary audience is important to your research report and how you considered them as you prepared your report.
Conclusion
Here you give a very brief summary of what your report on primary and secondary audiences has discussed. You may also add any observations you have about why choosing primary and secondary audiences is important in business writing.
Have Fun!
Any firm must follow the first rule: "Know your audience." The sender's ability to tailor the message to the wants and expectations of the audience determines how effectively every act of communication succeeds.
Primary audience: The people who receive communications directly are the major target audience. People who could inadvertently obtain a copy of the communication are considered secondary or "hidden" audiences. This includes anybody who requires a copy, needs to approve it, knows about it, or will be impacted by the message.
Secondary audience: The second-most significant audience is made up of those who are least likely to purchase a good or service. As they use your product or start using it, it's crucial to promote to a secondary audience.
Learn more about primary audience, here:
https://brainly.com/question/32958491
#SPJ4
From total sales of $30,600 per year. Dorothy earns $4,100 in operating income from her window cleaning business. Her contribution margin ratio is currently 50% What are her total variable costs at this volume? Total variable costs What are her fixed costs? Fixed costs $ If she is able to increase her total sales by $4,500, how much more operating income will she generate from that revenue increase? Change in operating income
Dorothy's total variable costs can be calculated using the contribution margin ratio. Her fixed costs can be determined by subtracting her total variable costs from her operating income. If Dorothy increases her total sales by a certain amount, the change in her operating income can be determined by multiplying the sales increase by the contribution margin ratio.
Total variable costs: The contribution margin ratio is the percentage of each dollar of sales that contributes to covering variable costs. Since the contribution margin ratio is 50%, Dorothy's total variable costs can be calculated as half of her operating income. Therefore, her total variable costs would be $4,100 * 50% = $2,050.
Fixed costs: Fixed costs are the costs that remain constant regardless of the level of sales. To determine Dorothy's fixed costs, we subtract her total variable costs from her operating income. Therefore, her fixed costs would be $4,100 - $2,050 = $2,050.
Change in operating income: If Dorothy is able to increase her total sales by $4,500, we can calculate the change in her operating income by multiplying the sales increase by the contribution margin ratio. The contribution margin ratio of 50% indicates that 50% of the additional sales revenue will contribute to operating income. Therefore, the change in operating income would be $4,500 * 50% = $2,250.
In summary, Dorothy's total variable costs at her current volume are $2,050, her fixed costs are also $2,050, and if she increases her total sales by $4,500, she will generate an additional operating income of $2,250 from that revenue increase.
Learn more about income here: https://brainly.com/question/12492514
#SPJ11
Crane Industries can produce 400 units of a necessary component part with the following costs:
a. Direct Materials $74000
b. Direct Labour 19000
c. Variable Overhead 59000
d. Fixed Overhead 9000
The total cost per unit produced of a necessary component part is $402.5.
To find the total cost per unit produced of a necessary component part, we need to sum up the total direct materials cost, direct labor cost, variable overhead cost and the fixed overhead cost first. After that, we can divide the sum by the total units produced. The calculation can be shown as follows;
Total Cost = Direct Materials Cost + Direct Labour Cost + Variable Overhead Cost + Fixed Overhead Cost
Total Cost = $74000 + $19000 + $59000 + $9000
Total Cost = $161000
Total Units Produced = 400
Therefore, the total cost per unit produced of a necessary component part is $161000/400= $402.5
To know more about total cost, refer to the link below:
https://brainly.com/question/31855788#
#SPJ11
You received an offer by your employer to get paid while conducting your academic research project on an upcoming change initiative at your company. Is this type of payment necessary to report in the publication of your findings?
A. Yes
B. No
C. Maybe
A. Yes, any form of payment or compensation received for conducting research, whether it is from an employer or any other source, should be disclosed in the publication of your findings.
This is to ensure transparency and avoid any conflicts of interest that may arise from such payments.
Researchers have a responsibility to disclose any financial or non-financial interests that may influence their work to maintain the integrity and credibility of their research.
Failure to report such payments can result in accusations of bias, which can undermine the validity of the research and harm its reputation.
Therefore, it is important to report any form of payment, including payment received from an employer for conducting research, in the publication of your findings. This will help readers interpret the results of the study accurately and evaluate any potential conflicts of interest.
Learn more about employer here:
https://brainly.com/question/29603057
#SPJ11
"2. Which is the proper order of the sections of the statement of
cash flows?
A. financing , investing, operating
B. operating, investing, financing
C. investing, operating, financing
D. operating, financing, investing
The proper order of the sections of the statement of cash flows: operating, investing, financing. The correct option is B
The proper order of the sections of the statement of cash flows is operating, investing, financing.
The statement of cash flows is a financial statement that provides information about the cash inflows and outflows of a company during a specific period. It helps users assess the company's ability to generate cash, its cash flow sources and uses, and its overall liquidity.
The operating activities section is the first section of the statement and includes cash flows related to the company's core operations, such as revenue, expenses, and working capital changes.
The investing activities section comes next and includes cash flows related to the acquisition or sale of long-term assets, investments, or loans.
Finally, the financing activities section is the last section and includes cash flows related to the company's financing sources, such as issuing or repurchasing stock, borrowing or repaying loans, and paying dividends.
This order (operating, investing, financing) ensures a logical flow of information, starting from the company's core operations, followed by investment activities, and concluding with financing activities. The correct option is B
To know more about statement of cash flows, refer here:
https://brainly.com/question/29023403#
#SPJ11
Name Year/Block Date Score 1. At 27, Ana invested P35,000 in a time deposit which earns 7% per annum. With the same interest rate, how much would her earnings be at age 45 if she reinvests the interest with the principal?
To calculate Ana's earnings at age 45 if she reinvests the interest with the principal, we can use the compound interest formula:
A = P * (1 + r)^n
Where:
A = Total amount including principal and interest
P = Principal amount
r = Interest rate per period
n = Number of periods
Given:
P = P35,000
r = 7% per annum = 7/100 = 0.07
n = 45 - 27 = 18 years
Plugging in the values into the formula:
A = P35,000 * (1 + 0.07)^18
A ≈ P35,000 * (1.07)^18
A ≈ P35,000 * 1.83417
A ≈ P64,196.95
Therefore, Ana's earnings at age 45, if she reinvests the interest with the principal, would be approximately P64,196.95.
Learn about compound interest formula:
brainly.com/question/25793394
#SPJ11
An important role of the manager and leader in the modern organisation is to create and maintain a work environment in which employees are motivated to deliver their best.
Q.5.2.1 With reference to Herzberg’s two-factor theory explain his two-step approach to understanding employee motivation and satisfaction.
According to Herzberg's two-factor theory, an important role of the manager and leader in the modern organization is to create and maintain a work environment in which employees are motivated to deliver their best.
Here is the explanation of Herzberg's two-step approach to understanding employee motivation and satisfaction. Herzberg's two-factor theory describes the factors that motivate people to work and those that demotivate them. Herzberg believed that motivators and hygiene factors are two distinct groups of factors that influence job satisfaction.
Motivators: These are factors that contribute to job satisfaction by providing employees with intrinsic motivation. For example, job satisfaction, personal growth and development, and a sense of accomplishment and responsibility.
Hygiene factors: These are factors that are necessary to avoid dissatisfaction at work, but they do not necessarily lead to job satisfaction. Examples of these factors are salaries, benefits, job security, working conditions, and company policies and procedures. Herzberg's two-step approach emphasizes the importance of both motivators and hygiene factors in achieving job satisfaction and employee motivation.
Managers and leaders should focus on providing motivators to create job satisfaction and ensure that hygiene factors are adequate to avoid dissatisfaction at work.
Learn more about Herzberg's two-factor theory Here.
https://brainly.com/question/31502267
#SPJ11
Cost of the equipment is $2,500,000 and it costs $200,000 to have it delivered and installed. • It is estimated the equipment will have a salvage value of $100,000 in 5 years (the life of the asset). The equipment will have a CCA rate of 30%. The PV of the Tax Shield related to this capex is $776,474 There will be no impact on working capital. The equipment will replace an old machine and is expected to generate before tax cost savings of $800,000 a year. • The firm's marginal tax rate is 40% and has required rate of return of 9% • The PV of the Tax Shield for capex expenditure is $776,474
1)Based on a NPV analysis, should the firm accept this project?
a) Yes as NPV is $8,499 None of these answers.
b)No as NPV is $8,499
c)Yes as NPV is -$36,496
d) No as NPV is -$36,496
2)Based on an IRR analysis, should the firm accept this project?
a)Yes as IRR is 9.17%
b)No as IRR is 9.17%
c)Yes as IRR is 8.26%
d)No as IRR is 8.26%None of these answers
In this case, both the NPV and IRR analysis suggest that the project should not be accepted due to negative NPV and an IRR below the required rate of return.
Based on the NPV analysis, the firm should not accept this project as the NPV is -$36,496 (option d).
To calculate the NPV, we need to discount the cash flows generated by the project using the required rate of return (9%). The cash flows include the cost savings of $800,000 per year for five years and the salvage value of $100,000 in year 5. We also consider the tax shield value of $776,474, which is the present value of the tax savings resulting from the capital expenditure.
Using these values, we can calculate the NPV by subtracting the initial investment, which includes the equipment cost and delivery/installation cost, from the present value of the cash flows and tax shield value. If the NPV is negative, it indicates that the project is not expected to generate sufficient returns to cover the required rate of return, making it unfavorable.
Based on the IRR analysis, the firm should not accept this project as the IRR is 8.26% (option c).
The IRR is the discount rate that makes the project's net present value equal to zero. By calculating the IRR of the project's cash flows, we can determine if it exceeds the required rate of return (9%). If the IRR is lower than the required rate of return, it indicates that the project's returns are not sufficient to meet the firm's expectations.
Know more about rate of return here:
https://brainly.com/question/17164328
#SPJ11
) What is VAT? what is the differeree betwey input and output VAT? B) Samo is a trader who purchases inventory at a cost of 60,500 (ine. VAT) and incurs the expense of 4,000 (Ine. VAT) and sells the inventory for 85,000 (Excl. VAT). Required: (a) If it standard rate is 20%. How will much the trader pay to HMRC or HMRC will pay for him? (b) If it Zero rate (0\%). How much the trader will pay for HMRC or HMRC will pay to Samo?
VAT stands for Value Added Tax. This is a tax added to the cost of goods and services by the government, which is then passed on to consumers when they purchase goods or services from a business. Input VAT refers to the tax paid by a business when they purchase goods or services, while output VAT refers to the tax charged by a business when they sell goods or services.
The difference between input and output VAT is the amount of VAT owed by a business to HMRC (Her Majesty's Revenue and Customs).
A) Standard Rate - 20%
Cost of Inventory purchased: £60,500 (Ine. VAT)
Cost of expense incurred: £4,000 (Ine. VAT)
The total cost incurred by Samo is: £60,500 + £4,000 = £64,500
The total selling price of the inventory is: £85,000 (Excl. VAT)
Input VAT: 20% of £64,500 = £12,900
Output VAT: 20% of £85,000 = £17,000
VAT owed by Samo to HMRC: £17,000 - £12,900 = £4,100
Therefore, Samo will pay £4,100 to HMRC.
B) Zero Rate - 0% Cost of Inventory purchased: £60,500 (Ine. VAT) Cost of expense incurred: £4,000 (Ine. VAT)
The total cost incurred by Samo is: £60,500 + £4,000 = £64,500
The total selling price of the inventory is: £85,000 (Excl. VAT)
Since the zero rate applies, there is no VAT charged on the sale of the inventory, so no output VAT is payable to HMRC.
Input VAT: 0% of £64,500 = £0VAT owed by Samo to HMRC: £0
Therefore, HMRC will pay nothing to Samo.
To know more about Value Added Tax visit:
https://brainly.com/question/29551461
#SPJ11
Transcribed image text: 4 InteLearn InteLearn is a start-up company based in San Francisco, USA. It was founded a year ago and has grown from just three people to three offices (San Francisco, Utrecht, and Singapore), with 35 employees globally. Six months ago, InteLearn launched two successful products: • InteLearn is an online learning platform, which supports multiple formats of self-paced and virtual learning. It allows users to seamlessly switch between desktop, laptop, and mobile devices. It works on all of the main platforms and operating systems, and provides a wide range of useful tools for teachers and students. The company approached many training organizations in the US and across the globe, which resulted in several contracts. The satisfaction rating of trainers and students has never dropped lower than 94%, a fact that makes the company's founders particularly proud. InteLounge is a collaboration platform for virtual networking, video conferencing, webinars, and e- learning. It is a freemium product, with all of the key features available for free and business-level features requiring a subscription. The product became viral and its global adoption led to the opening of the European and Asian offices of InteLearn. The offices are mostly focused on localization, user support, and corporate sales within their regions. The products are cloud-based; the company has direct contracts with three major global cloud service providers. InteLearn is a true Silicon Valley start-up. The company uses the latest technology and management approaches. It has two key product teams working closely with the marketing team and the regional offices. Most of the supporting activities are outsourced to specialized service companies. The founders work closely with the teams and make most decisions, sharing their time between strategic business development and operations. They have managed, however, to ensure that they are never involved in coding, testing, and other software development, and management activities of the product teams. InteLearn's ambitious vision is 'to become the number one brand for online learning and collaboration globally by the end of next year.' 4.1 CONTACTS WITH MCL InteLearn approached MCL at last year's global language learning conference. The management of MCL expressed some interest in InteLearn products. Further discussions followed from the demo session at MCL's headquarter. A trial version of the learning platform was licensed to MCL. Meanwhile, the USA and Canada office of MCL adopted the InteLounge platform, for its internal communications and marketing webinars and was well-received by all users. However, it was not welcomed by the MCL's Information Security Officer.
InteLearn is a start-up company based in San Francisco that offers two successful products: InteLearn and InteLounge. InteLearn is an online learning platform that supports various learning formats and provides tools for teachers and students.
It has received positive feedback from trainers and students, with a satisfaction rating consistently above 94%. InteLounge, on the other hand, is a collaboration platform for virtual networking, video conferencing, webinars, and e-learning.
It offers both free and subscription-based features and has gained global adoption, leading to the opening of InteLearn's European and Asian offices.
InteLearn operates as a Silicon Valley start-up, utilizing the latest technology and management approaches. The company has dedicated product teams working closely with the marketing team and regional offices.
Most supporting activities are outsourced to specialized service companies. The founders play an active role in decision-making, focusing on strategic business development and operations while avoiding involvement in software development and management activities.
InteLearn's vision is to become the leading brand for online learning and collaboration worldwide by the end of the upcoming year.
Regarding the relationship between InteLearn and MCL (a separate entity), InteLearn initially approached MCL at a language learning conference.
There was some interest expressed by MCL's management, leading to further discussions and the licensing of a trial version of the InteLearn learning platform.
Additionally, MCL's USA and Canada office adopted the InteLounge platform for internal communications and marketing webinars, which received positive feedback from users. However, it seems that MCL's Information Security Officer had concerns about the implementation of InteLounge.
To learn more about platform, refer below:
https://brainly.com/question/29548334
#SPJ11
Cisco IT Improves Strategie Vendor Management With more than 15,000 employees and fundreds of foestions , ench Cisco office has they complex requirements . Although Cisco uses its own products whenever possible , it still hen anmund spend of $ 500 million for IT products and services from other companies Working with local suppliers , Cisco encountered a number of issues . It was difficult to get formal contracts , support wasn't always there when needed , and there were often disagreements over prices and warranties . Their somewhat Imphazard way of soliciting tids resulted in little or no emphasis on aligning with corporate strategy , Ciseer needed to unify its vendor management process to gain greater control and reduce costs . The Solution Cisco created the Cisco Vendor Management Organization ( VMO ) a new global 15 group within Cisco to manage strategic vendors to supply hardware infrastructure , software , storage , telecom services , and outsourced services . The VMO was also tasked with providing expertise in process and business development , asset management , and vendor engagement in keeping with Cisco's corporate strategy . Willi standard contracts in place worldwide , Cisco could now manage existing contracts and negotiate new ones more easily . Thanks to the efforts of the VMO , Cisco saved $ 33 million through the first three quarters after its inception and 564 million over the life of the contracts put in place during that time ! Cisco has also reduced its number of vendors and has consolidated contracts with a small number of strategic vendors to give them more business and reduce Cisco's paperwork . Cisco also works with its strategic vendors to help them develop skills and relationships to increase their value and position in the market , and Cisco is receiving the same type of support from its strategic vendors . By centralizing its outsourcing contracts , Cisco saves $ 11 million per quarter Lesson Learned When it comes to vendors , less is more : working with a few number of strategic vendors that help a company fulfill its business strategy . This , in turn , creates a tighter connection between the business and IT and results in closer alignment between the two strategies , saving time and money ,
please answer the questions !?
1. Describe challenges Cisco encountered while procuring products and services .
2. What are the responsibilities of the Cisco Vendor Management Organization ( VMO ) ?
3. In what way is Cisco improving its vendor management ?
1. Difficulty in obtaining formal contracts with suppliers.
Inadequate support when needed.
2. Managing strategic vendors that supply hardware infrastructure, software, storage, telecom services, and outsourced services.
3. Creating the VMO as a dedicated global group to manage strategic vendors and streamline the procurement process.
1. Challenges encountered by Cisco while procuring products and services included:
Difficulty in obtaining formal contracts with suppliers.
Inadequate support when needed.
Disagreements over prices and warranties.
Lack of emphasis on aligning with corporate strategy in the procurement process.
Inefficient and haphazard solicitation of bids.
The responsibilities of the Cisco Vendor Management Organization (VMO) include:
2. Managing strategic vendors that supply hardware infrastructure, software, storage, telecom services, and outsourced services.
Providing expertise in process and business development.
Managing vendor engagement in line with Cisco's corporate strategy.
Developing and maintaining standard contracts worldwide.
Managing existing contracts and negotiating new ones.
Asset management related to vendors and contracts.
Streamlining vendor relationships and reducing paperwork.
Working with strategic vendors to help them develop skills and relationships to increase their value and market position.
Cisco is improving its vendor management in the following ways:
3. Creating the VMO as a dedicated global group to manage strategic vendors and streamline the procurement process.
Establishing standard contracts worldwide, enabling easier contract management and negotiation.
Reducing the number of vendors and consolidating contracts with a smaller set of strategic vendors, resulting in increased business for those vendors and reduced paperwork for Cisco.
Working closely with strategic vendors to develop their skills and relationships, creating a mutually beneficial partnership.
Centralizing outsourcing contracts to achieve cost savings.
Strengthening the connection between business strategy and vendor management to align the two more closely, saving time and money in the process.
To learn more about challenges, refer below:
https://brainly.com/question/32891018
#SPJ11
There are three characteristics of a family's assets and cash
flow that affect the borrower's capacity
a) investment, liquidity and risk.
b) solvency, borrowing and investment.
c) liquidity, solvency
The correct option is a) investment, liquidity, and risk. There are three characteristics of a family's assets and cash flow that affect the borrower's capacity: Investment, liquidity, and risk. These characteristics help determine the ability of the borrower to repay the loan. Interpretation:
The three characteristics that help determine the borrower's ability to repay a loan are liquidity, investment, and risk. Borrowers must meet the requirements of a lender in order to obtain a loan. The characteristics of a family's assets and cash flow that impact a borrower's capacity are the following: Investment: Investment in assets such as stocks, bonds, and mutual funds can have a significant impact on the borrower's ability to repay a loan. The value of these assets can be volatile and can quickly decrease in value, making it difficult for the borrower to repay the loan. Thus, borrowers must consider their investment portfolios and their potential impact on loan repayment when applying for a loan. Liquidity: Liquidity is the ease with which an asset can be converted into cash. If the borrower has liquid assets, such as savings, that can be used to repay a loan, they will have a greater capacity to repay the loan. Risk: Risk refers to the potential of loss from an investment. The greater the risk, the less likely the borrower is to repay the loan. Borrowers must consider the risks associated with their assets and cash flow when applying for a loan.
#SPJ11
Please use a well-known brand!!!
Name a company that you feel has ethical practices and give an example with a description of why you feel that they are ethical.
Name a company that you feel has unethical marketing practices and give an example, with a description, of why you feel that they are unethically marketing their product.
TOMS is recognized for its ethical practices, donating a portion of proceeds and partnering with organizations to provide resources to those in need. Victoria's Secret, on the other hand, is criticized for its unethical marketing practices, including unrealistic body standards and lack of diversity in its campaigns.
One of the companies that I feel has ethical practices is TOMS, a well-known brand that sells shoes, eyewear, and bags. For every product that TOMS sells, the company donates a portion of the proceeds to people in need. TOMS partners with organizations around the world to help individuals in impoverished areas who are lacking in shoes, medical care, and education, among other things.
Through this partnership, the company has been able to provide shoes to children in need. In addition to providing shoes, TOMS also provides resources for people to get access to clean water and medical care. The company is dedicated to its mission of giving back to the community and has been able to make a positive impact on many people's lives.
One of the companies that I feel has unethical marketing practices is Victoria's Secret, a well-known brand that sells lingerie and clothing. The company has been criticized for its use of unrealistic body standards in its marketing campaigns, which can be harmful to people's self-esteem.
For example, Victoria's Secret has been known to airbrush models' bodies to make them appear thinner or more toned. The company also has a history of excluding certain body types from its campaigns, which can make people feel marginalized or unrepresented. Additionally, Victoria's Secret has been criticized for its lack of diversity in its campaigns. Despite these criticisms, the company has not made significant changes to its marketing practices, which has led to ongoing controversy.
To know more about ethical practices, refer to the link below:
https://brainly.com/question/32783640#
#SPJ11
Let A, B, and C be the amounts invested in companies A, B, and C. If no more than 90% of the total investment can be in company B, how can you express that as a constraint? B ≤ 0.9 O A-0.9B+C ≤0 O A-0.9B-0.3℃ ≤ 0 0.1A +0.9B - 0.1C ≤ 0 0.9A + 0.1B -0.9℃ ≤ 0
The investment in a project is always limited to a certain amount of capital, which is known as the investment budget. A linear programming problem (LPP) is a mathematical optimization technique for discovering the best solution for a specific set of constraints or restrictions when solving a problem.
When it comes to finding the optimal solution, constraints are critical because they assist in the formulation of an appropriate linear model.The constraints for no more than 90% of the total investment can be in company B is B ≤ 0.9 (A + B + C). The summation of the amount invested in all three companies must equal the total investment, which is (A + B + C).As a result, it can be said that 90% of the total investment cannot exceed the amount invested in company B. To put it another way, the investment in company B should be no more than 90% of the total investment.Answer more than 100 words:In mathematics, a linear programming problem (LPP) is a popular optimization technique that is frequently used to find the optimal solution to a particular set of constraints or limitations. It has a wide range of applications in various fields, including business, engineering, and economics. An LPP problem is one where a linear function is maximized or minimized subject to a set of linear constraints. It is a vital tool in solving real-world problems, such as production planning, resource allocation, and transportation.
The constraints play an important role in linear programming, and they can be in the form of linear equations or inequalities. These constraints are necessary because they assist in the formulation of an appropriate linear model for a specific problem. They also determine the feasible region, which is the set of all possible solutions that satisfy the given constraints.In this problem, the constraint for no more than 90% of the total investment can be in company B is B ≤ 0.9 (A + B + C). This means that the investment in company B should not exceed 90% of the total investment. It is a linear inequality constraint because it involves an inequality symbol. The other constraints for this problem are the investment amounts in companies A, B, and C, which must be greater than or equal to zero and must sum up to the total investment. These constraints can be written as:A ≥ 0B ≥ 0C ≥ 0A + B + C ≤ Total investmentUsing these constraints, a feasible region can be determined, which is the set of all possible combinations of investments in companies A, B, and C that satisfy the given constraints. The feasible region can then be used to find the optimal solution to the problem, which is the combination of investments that maximizes or minimizes the objective function.
The constraint for no more than 90% of the total investment can be in company B is B ≤ 0.9 (A + B + C). This means that the investment in company B should not exceed 90% of the total investment. The other constraints for this problem are the investment amounts in companies A, B, and C, which must be greater than or equal to zero and must sum up to the total investment. These constraints can be used to find the feasible region, which is the set of all possible combinations of investments in companies A, B, and C that satisfy the given constraints. The feasible region can then be used to find the optimal solution to the problem, which is the combination of investments that maximizes or minimizes the objective function.
To know more about the investment visit:
brainly.com/question/15105766
#SPJ11
Marketing
How has the pandemic changed consumer behaviour? Discuss. In your discussion use one of the following theories from the list below to explain the changes in consumer behaviour; - Protection Motivation theory (relates to the unit topic of needs and motivations) - Maslows hierarchy of needs (relates to the unit topic of mindful needs and motivations) - Mindful consumption - may also include brand purpose, brand authenticity (relates to the unit topic of mindful consumption/overconsumption/materialism and consumer values) - Unified Theory of Acceptance and Use of Technology or Technology Adoption Model (relates to the unit topic of digital marketing) - Co-creation of value (relates to the unit topic of digital marketing) You must support your answer with theory – theoretical analysis of the change in consumer behaviour should be the primary focus on your response. You must use a minimum of 4 journal articles (from sources classified as Journals). Your response should demonstrate a clear understanding and articulation of scholarly research on the topic. You must use a minimum of 4 industry reports drawn from consultancy firms websites including McKinsey, Accenture, Deloitte, PwC, KPMG, Bain, Boston. Your use of brand examples should be secondary to your focus on theoretical analysis and critical discussion
1200 words maximum
The COVID-19 pandemic has significantly impacted consumer behavior, leading to changes in shopping habits, increased online purchasing, and a greater focus on health and safety. Theoretical frameworks and industry reports provide insights into these shifts.
The COVID-19 pandemic has brought about significant changes in consumer behavior. Theories such as the Protection Motivation theory, Maslow's Hierarchy of Needs, Mindful Consumption, Unified Theory of Acceptance and Use of Technology, and Co-creation of value help explain these changes.
Consumers have shifted their shopping habits, increased online purchasing, and prioritized health and safety. The pandemic has accelerated the adoption of digital technologies and highlighted the importance of mindful consumption and brand purpose.
Consumers have actively co-created value with firms by providing feedback. Industry reports and journal articles provide insights into the impact of the pandemic on consumer behavior, highlighting increased spending on essentials and heightened health and safety concerns.
Learn more about COVID-19 pandemic: brainly.com/question/29643338
#SPJ11
Following the Systematic Risk Principle, which of the following stocks has the smallest risk premium? OV (R) = 0.0345; B = 1.50 OV (R) = 0.2345; 3 = 0.75 OV (R) = 0.0022; B = 1.25 OV (R) = 0.0054; B =
OV (R) = 0.0022; B = 1.25
According to the Systematic Risk Principle, the risk premium of a stock is directly proportional to its beta value. Beta measures the stock's sensitivity to market movements, with a higher beta indicating a greater level of systematic risk.
In the given options, we need to identify the stock with the smallest risk premium. By comparing the beta values, we can determine which stock has the lowest systematic risk.
The stock with the smallest risk premium is OV (R) = 0.0022, with a beta value of B = 1.25.
This means that OV (R) = 0.0022 has a lower sensitivity to market movements compared to the other stocks in the options. Consequently, it has a smaller risk premium.
Learn more about Systematic Risk Principle
brainly.com/question/29768479
#SPJ11
Which of the following environmental factors impacts the demand for services and the government's ability to provide services? Multiple Choice a. Community needs and resources. b. Political culture. c. Intergovernmental constraints. d. Management practices and legislative policies.
Environmental factors that impact the demand for services and the government's ability to provide services include community needs and resources, political culture, intergovernmental constraints, and management practices and legislative policies (option d).
Of these options, intergovernmental constraints are the factors that impact the demand for services and the government's ability to provide services the most. Intergovernmental constraints are the legal limitations placed on state or local government spending that limit the government's ability to fund specific programs. In other words, it is a financial and legal restraint that is imposed by the federal government on state or local governments, which may affect the availability of resources to support various social welfare programs, such as public health, education, and welfare services.
The intergovernmental constraints can, therefore, lead to the reduction of funding for public welfare programs, which could eventually lead to reduced access to these services by the general public.The impact of intergovernmental constraints on the government's ability to provide services and the demand for services cannot be overemphasized. In many instances, it leads to a reduction in the quality of services offered to the public, which may lead to public outcry and protests. Ultimately, the government may be forced to increase funding for public welfare programs to meet the public's demand and needs. The correct option is d.
For more about Environmental:
https://brainly.com/question/21976584
#SPJ11
14. Soylent Corp.'s CEO wants a Margin of Safety that is 200 of Sales Revenue nect year. "Soylens"s fixed costs are $250,000 and its variable costs will be around 60 ∘
of sales revenue next yesi. Soylent will make and sell one product with a market price of $25.00 per unit. Itew mueh Sales Revenue is needed to achieve a Margin of Safety of 20% next year (rounded to the nearest \$1)? a. $781,250 b. $625,000 c. $520,833 d. $300,000
To calculate the sales revenue needed to achieve a Margin of Safety of 20%, we first need to determine the contribution margin per unit.
Contribution Margin per unit = Selling price per unit - Variable cost per unit
The variable cost per unit is 60% of the selling price, so we can calculate it as follows:
Variable cost per unit = 60% * $25.00 = $15.00
Contribution Margin per unit = $25.00 - $15.00 = $10.00
The Margin of Safety is expressed as a percentage of the sales revenue. In this case, it is 200% of the sales revenue. Therefore, the Margin of Safety in dollars can be calculated as follows:
Margin of Safety = Margin of Safety % * Sales Revenue
We want to achieve a Margin of Safety of 20%, so the Margin of Safety % is 0.20. Let's denote the Sales Revenue as X.
$10.00 * X = $250,000 + 0.20 * X
$10.00 * X - 0.20 * X = $250,000
$9.80 * X = $250,000
X = $250,000 / $9.80 ≈ $25,510.20
Rounding to the nearest dollar, the sales revenue needed to achieve a Margin of Safety of 20% next year is $25,510.
Therefore, the correct answer is not provided in the given options.
Learn more about the margin of safety here:
brainly.com/question/24308153
#SPJ11
QUESTION FOUR [10] Thrilled Incorporated presented you with the following post-adjustment trial balance for the year ended 31 March 2022: Description Debit Credit Ordinary shares 1 200,00 Preference shares 800,00 Retained earnings 6 070,00 Trade creditors 1 590,00 Plant and machinery 5 300,00 Motor vehicles 1 900,00 Office furniture 550,00 Trade debtors 640,00 Accumulated depreciation on plant and machinery 150,00 Accumulated depreciation on motor vehicles 70,00 Accumulated depreciation on office furniture 35,00 Cash and bank 3 100,00 Prepaid expenses 45,00 Sales 4 100,00 Cost of sales 1 500,00 Operating expenses 980,00 14 015,00 14 015,00 Required: Prepare the Statement of Financial Position for Thrilled Incorporated for the financial year ended 31 March 2022
Statement of Financial Position
Thrilled Incorporated
As of 31 March 2022
Assets:
Plant and machinery $5,300
Motor vehicles $1,900
Office furniture $550
Accumulated depreciation ($255) [$150 + $70 + $35]
Trade debtors $640
Cash and bank $3,100
Prepaid expenses $45
Total Assets $11,280
Equity and Liabilities:
Ordinary shares $1,200
Preference shares $800
Retained earnings $6,070
Total Equity $8,070
Liabilities:
Trade creditors $1,590
Total Liabilities $1,590
Total Equity and Liabilities $11,280
Note: The values for sales, cost of sales, and operating expenses are not relevant to preparing the Statement of Financial Position and are not included in the presentation of this statement.
Please note that the statement provided above is a simplified version and may not include additional details or specific formatting requirements that may be necessary in an actual financial statement.
Learn more about Financial here:
https://brainly.com/question/28319639
#SPJ11
Suppose the US economy in a recessionary gap. What monetary policies might be used to close the gap? Using the model of aggregate demand and aggregate supply, illustrate the effect of these policies.
Minimum 500-600 words.
When the US economy is in a recessionary gap, monetary policies can be utilized to close the gap. These monetary policies are mainly focused on the money supply and interest rates.
What does this entail?Expansionary monetary policies will be implemented in the US economy during a recessionary gap. In other words, the Federal Reserve will increase the supply of money into the economy to stabilize it.
There are several monetary policies that can be used to close the gap during a recessionary gap:
1. Lowering the Discount Rate: The discount rate refers to the interest rate charged by the Federal Reserve to banks that borrow money from it.
Lowering the discount rate will result in lower borrowing costs for banks, which will increase the money supply. This, in turn, will help the economy in closing the recessionary gap.
2. Open Market Operations: The Federal Reserve can also engage in open market operations to buy securities such as bonds from banks.
This increases the money supply as the banks now have more money to lend. The increased money supply results in increased spending and production, which helps in closing the recessionary gap.
3. Quantitative Easing: The central bank can engage in quantitative easing by purchasing securities from banks and other financial institutions.
This policy can be used to increase the money supply and lower long-term interest rates.
In summary, expansionary monetary policies such as lowering the discount rate, open market operations, and quantitative easing can be used to close the recessionary gap in the US economy.
By increasing the money supply, these policies help to stimulate spending, which results in an increase in output and employment.
To know more on Economy visit:
https://brainly.com/question/18461883
#SPJ11
As a small firm, how can a company able to build a strong employer brand and stand out from its competitors to attract young talent
Require about 400 words. DO NOT COPY AND PASTE. please be precise to the question and answer in OWN WORDS.
Building a strong employer brand and standing out from competitors is crucial for attracting young talent to a small firm. Here are some strategies to achieve this:
Define and communicate a compelling company culture: Clearly articulate the company's mission, values, and unique culture. Highlight initiatives, such as flexible work arrangements, professional development opportunities, or a supportive work environment, that resonate with young professionals seeking a positive work-life balance and growth-oriented culture.
Develop a strong online presence: Establish an engaging and informative website and leverage social media platforms to showcase the company's culture, values, and employee stories. Use these channels to communicate the company's mission, vision, and exciting projects, creating a compelling narrative that resonates with young talent.
Offer competitive compensation and benefits: Research market trends to ensure the company offers competitive salaries and benefits packages that appeal to young professionals. Consider non-traditional benefits like flexible schedules, remote work options, wellness programs, or mentorship opportunities to attract and retain top talent.
Foster employee development and growth: Demonstrate a commitment to ongoing learning and professional development by providing access to training programs, mentorship, and career advancement opportunities. Young professionals value organizations that invest in their growth and provide clear pathways for advancement.
Embrace diversity and inclusion: Foster an inclusive and diverse work environment that values different perspectives and backgrounds. Actively promote diversity initiatives and showcase the company's commitment to creating an inclusive workplace.
Leverage employee testimonials and referrals: Encourage current employees, especially young professionals, to share their positive experiences and act as brand ambassadors. Employee testimonials can be shared on the company's website, social media platforms, and recruitment materials to enhance credibility and attract like-minded talent.
Engage with universities and professional networks: Establish partnerships with universities and participate in career fairs, internships, and cooperative education programs. Engaging directly with students and young professionals allows the company to build relationships and establish its presence as an employer of choice.
Prioritize work-life balance: Millennials and Gen Z value work-life balance and prioritize organizations that support it. Offer flexible work arrangements, remote work options, and initiatives that promote employee well-being. Communicate these benefits to potential candidates to differentiate the company from competitors.
By implementing these strategies, a small firm can build a strong employer brand, differentiate itself from competitors, and attract young talent who are seeking purposeful work, growth opportunities, and a positive work environment.
Learn more about competitors here
https://brainly.com/question/28967395
#SPJ11
.7. Identify whether each of the following organizations is a private entity or a non -private entity and determine the accounting standards that should be applied by each organization:
a) Bumi Amarda Bhd.
b) BIMB Securities Sdn. Bhd. - is a subsidiary of BIMB Holdings Berhad.
c) Skop Productions Sdn. Bhd.
d) IJM Construction Sdn. Bhd. - is a subsidiary of IJM Corporation Berhad.
8. Explain the meaning of ‘Significant Accounting Policy’ by including TWO (2) examples of appropriate accounting policies.
An accounting policy is a collection of accounting principles, laws, and rules that an entity uses to record, classify, and account for financial transactions. To ensure that the accounting records are comprehensive and up to date, every organization must establish its accounting policy.
a) Bumi Amarda Bhd is a private entity, and the accounting standards that should be applied are the Malaysian Financial Reporting Standards (MFRSs) or the Private Entity Reporting Standards (PERSs).
b) BIMB Securities Sdn. Bhd, a subsidiary of BIMB Holdings Berhad, is a private entity. It is advisable that MFRS or PERS is applied to the company.
c) Skop Productions Sdn. Bhd is a private entity, and the accounting standards that should be applied are MFRS or PERS.
d) IJM Construction Sdn. Bhd. is a private entity, and the accounting standards that should be applied are MFRS or PERS.
The accounting policy should include guidelines on how financial transactions should be handled and how the financial statements should be prepared. The significant accounting policy is a crucial policy that an entity must have, and it refers to the most important accounting policies that affect an entity's financial statements. The significant accounting policies should be consistent with the Generally Accepted Accounting Principles (GAAP) or other relevant accounting standards. Examples of appropriate accounting policies are depreciation policy and inventory valuation policy.
1. Depreciation policy - This policy outlines the entity's method of depreciating its fixed assets. The entity must choose a depreciation method that is consistent with the relevant accounting standards. For instance, the straight-line method, units of production method, or double-declining balance method.
2. Inventory valuation policy - This policy outlines how the entity values its inventories. The entity must choose a suitable inventory valuation method, such as First-in-first-out (FIFO), weighted average, or Last-in-first-out (LIFO). The entity must also disclose the cost formula used to value its inventories.
To know more about accounting policy visit :
https://brainly.com/question/32571795
#SPJ11
Western Family Steakhouse offers a variety of low-cost meals and quick service. Other
than management, the steakhouse operates with two full-time employees who work
8 hours per day. The rest of the employees are part-time employees who are scheduled for
4-hour shifts during peak meal times. On Saturdays the steakhouse is open from
11:00 A.M. to 10:00 P.M. Management wants to develop a schedule for part-time employees
that will minimize labor costs and still provide excellent customer service. The average
wage rate for the part-time employees is $7.60 per hour. The total number of full-time
and part-time employees needed varies with the time of day as shown.
Time Total # of Employees Needed
11 AM-Noon 9
Noon-1PM 9
1PM-2PM 9
2pm-3pm 3
3pm-4pm 3
4pm-5pm 3
5pm-6pm 6
6pm-7pm 12
7pm-8pm 12
8pm-9pm 7
9pm-10pm 7
One full-time employee comes on duty at 11:00 A.M., works 4 hours, takes an hour off,
and returns for another 4 hours. The other full-time employee comes to work at 1:00 P.M.
and works the same 4-hours-on, 1-hour-off, 4-hours-on pattern.
a. Develop a minimum-cost schedule for part-time employees.
b. What is the total payroll for the part-time employees? How many part-time shifts are
needed? Use the surplus variables to comment on the desirability of scheduling at
least some of the part-time employees for 3-hour shifts.
c. Assume that part-time employees can be assigned either a 3-hour or a 4-hour shift.
Develop a minimum-cost schedule for the part-time employees. How many part-time
shifts are needed, and what is the cost savings compared to the previous schedule?
a. To develop a minimum-cost schedule for part-time employees, we need to determine the number of employees required for each time slot and assign the most cost-effective shifts to them.
Time Slot | Employees Needed | Part-time Shifts
11 AM-Noon | 9 | 3 x 3-hour
Noon-1 PM | 9 | 3 x 3-hour
1 PM-2 PM | 9 | 3 x 3-hour
2 PM-3 PM | 3 | 3-hour
3 PM-4 PM | 3 | 3-hour
4 PM-5 PM | 3 | 3-hour
5 PM-6 PM | 6 | 2 x 3-hour
6 PM-7 PM | 12 | 4 x 3-hour
7 PM-8 PM | 12 | 4 x 3-hour
8 PM-9 PM | 7 | 2 x 3-hour, 1 x 4-hour
9 PM-10 PM | 7 | 2 x 3-hour, 1 x 4-hour
b. To calculate the total payroll for the part-time employees, we need to multiply the number of part-time shifts by the wage rate and sum them up.
Total Part-time Shifts = (3 x 3-hour shifts) + (3 x 3-hour shifts) + (3 x 3-hour shifts) + (3-hour shift) + (3-hour shift) + (3-hour shift) + (2 x 3-hour shifts) + (4 x 3-hour shifts) + (4 x 3-hour shifts) + (2 x 3-hour shifts + 1 x 4-hour shift) + (2 x 3-hour shifts + 1 x 4-hour shift)
Total Part-time Shifts = 48 shifts
Total Payroll = Total Part-time Shifts x Wage Rate
Total Payroll = 48 shifts x $7.60 per hour
Total Payroll = $364.80
By observing the surplus variables, we can assess the desirability of scheduling some part-time employees for 3-hour shifts. If the surplus for a particular time slot is zero or positive, it means the number of employees scheduled is sufficient to meet the demand. However, if the surplus is negative, it indicates a shortage of employees during that time slot, and scheduling more part-time employees for 3-hour shifts could help meet the demand and improve customer service.
c. Assuming part-time employees can be assigned either a 3-hour or a 4-hour shift, we need to evaluate the cost savings compared to the previous schedule. We will find the minimum-cost schedule by optimizing the number of 3-hour and 4-hour shifts assigned to each time slot.
Based on the information provided, the minimum-cost schedule with a combination of 3-hour and 4-hour shifts would be as follows:
Time Slot | Employees Needed | Part-time Shifts
11 AM-Noon | 9 | 3 x 3-hour
Noon-1 PM | 9 | 3 x 3-hour
1 PM-2 PM | 9 | 3 x 3-hour
2 PM-3 PM | 3 | 3-hour
3 PM-4 PM | 3 | 3-hour
4 PM-5 PM | 3 | 3-hour
To know more about management here https://brainly.com/question/1276995
#SPJ4
Which of the following is not provided by sensitivity analysis? Multiple Choice O O The consequences of incorrectly estimating variables An indication of the highest and lowest possible values of the project An indication of where additional information might be most useful Identification of the underlying factors Exposure of confused or inappropriate forecasts
Sensitivity analysis provides valuable insights into the impact of variations in input variables on the output of a model or project.
It helps in understanding the relationships between different factors and their influence on the results.
However, sensitivity analysis does not specifically provide an indication of where additional information might be most useful.
This aspect pertains to the realm of decision analysis, which focuses on identifying the information gaps that could reduce uncertainty and improve decision-making.
The consequences of incorrectly estimating variables, an indication of the highest and lowest possible values of the project, identification of underlying factors, and exposure of confused or inappropriate forecasts are all aspects that sensitivity analysis can address.
It allows decision-makers to assess how changes in variables affect outcomes, identify critical variables, determine the range of potential outcomes, and highlight areas where the model or analysis may be flawed.
In conclusion, sensitivity analysis provides valuable insights into understanding the impact of variable changes on project outcomes, but it does not directly indicate where additional information might be most useful.
For more such questions on Sensitivity analysis
https://brainly.com/question/14472410
#SPJ8
Your pro forma income statement shows sales of $996,000, cost of goods sold as $524,000, depreciation expense of $102,000, and taxes of $92,500 due to a tax rate of 25%. What are your pro forma earnings? What is your pro forma free cash flow? Complete the pro forma income statement below: (Round to the nearest dollar.)
Given data Sales = $996,000Cost of goods sold = $524,000Depreciation expense = $102,000Taxes = $92,500Tax rate = 25%To calculate: Earnings and free cash flow.
Pro forma earnings: Pro forma income statement Revenue (Sales) $996,000Cost of goods sold $524,000Depreciation $102,000Operating income before taxes $370,000Taxes (25%) $92,500Net income $277,500Pro forma earnings are $277,500.Pro forma free cash flow:Pro forma free cash flow is the amount of cash generated by a company that is available to pay off any debts, pay dividends to shareholders, or make new investments. It is calculated as follows:Pro forma free cash flow = Net income + Depreciation – Capital expendituresFrom the data given,Net income = $277,500Depreciation = $102,000Capital expenditures = Not givenPro forma free cash flow = Net income + Depreciation – Capital expenditures= $277,500 + $102,000 - 0= $379,500Therefore, the pro forma free cash flow is $379,500.
Learn more about data Sales here:
https://brainly.com/question/15575221
#SPJ11
