Answer:
a. True
Explanation:
Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Thus, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.
A triple bottom line (TBL) is a business management framework or model that comprises three (3) main components, which are; financial, environmental and social.
Human resources (HR) can enhance a triple bottom approach within an organization by establishing incentive plans that is typically focused on achieving comprehensive results rather than solely on profit incentives. Thus, it would foster the growth and development of an organization with respect to finance, environmental and social factors.
Present value Present value of an
Periods of $1 at 9% Annuity of $1 at 9%
1 0.9174 0.9174
2 0.8417 1.7591
3 0.7722 2.5313
4 0.7084 3.2397
Cliff Co. wants to purchase a machine for $82,000, but needs to earn a return of 9%. The expected year-end net cash flows are $32,000 in each of the first three years, and $36,000 in the fourth year. What is the machine's net present value?
a. $(998).
b. $24,504.
c. $106,504.
d. $(56,498).
e. $132,000.
Answer:
B
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.
When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.
Cash flow in year 0 = $-82,000
Cash flow in year 1 = $32,000
Cash flow in year 2 = $32,000
Cash flow in year 3 = $32,000
Cash flow in year 4 = $36,000
I = 9%
NPV = $24,504.
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Eight months ago, you purchased 400 shares of Winston, Inc. stock at a price of $56.90 a share. To date the company has paid quarterly dividends of $.55 a share twice. Today, you sold all of your shares for $49.40 a share. What is your total percentage return on this investment
Answer:
Shares of Winston, Inc. Stock
The total percentage return on this investment is:
= -11.25%
Explanation:
a) Data and Calculations:
Purchase cost = $22,760 (400 * $56.90)
Quarterly dividends received = $440 (400 * $0.55) * 2
Sales price = $19,760 (400 * $49.40)
Total cash receipts from the investment = $20,200 ($440 + $19,760)
Total returns from the investment = -$2,560
Total percentage return on the investment = -$2,560/$22,760 * 100
= -11.25%
b) There is a loss of value on the investment amounting to $2,560, which is 11.25%. The investment actually yielded a negative return.
A factory wishes to maximize its profit by choosing how many of each of its products to produce every week. The factory cannot produce more than 32 units in total each week. A linear programming problem is formed and the part of the sensitivity report corresponding to this constraint is provided below. If the company could produce 10 more units each week, which of the following can be concluded about the optimal profit?
Nam Final Value Shadow Constraint R.H. Allowable Allowable
Price Side Increase Decrease
Total
Production 32 32 90 15.333 8.667
a. Optimal profit increases by 90.
b. Optimal profit increases by 900.
c. Optimal profit increases by 15.3.
d. Optimal profit increases by 153.3.
e. The impact on optimal profit cannot be determined with the given information.
Decrease in money demand shifts the (IS/LM ) curve to the _____________ and leads to a ________________ in Y and ______________ in r.
Answer:
LM curve will shift left and lead to decrease in Y and increase in r.
Explanation:
When money demand decreases, it will cause LM curve to shift up to the left. There will be decrease in Fed which causes decrease in money supply. The upward shift of LM curve will lower the income and raise interest rates.
Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of tea, one biscuit, and one magazine. In year one, the basket costs $7.00. In year two, the price of the same basket is $8.00. From year one to year two, there isinflation at an annual rate of_____________ . In year one, $42.00 will buy baskets, and in year two, $42.00 will buy baskets. This example illustrates that, as the price level rises, the value of money___________ .
Answer:
14.3%
6 baskets
5.25
Falls
Explanation:
Inflation is a persistent rise in the general price levels
Types of inflation
1. demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise
2. cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect
Costs of inflation
Shoe leather cost is when people try to spend money immediately so they would not be holding money for a long time. This is because money loses its value in an inflation.
Menu costs are the costs of changing price constantly as a result of inflation, When there is inflation, prices increases regularly. As a result prices needs to be updated regularly.
Annual rate of inflation = (0.08/0.07) - 1 = 0.143 = 14.3%
Baskets that can be bought in year 1 = 42 / 7 = 6
Baskets that can be bought in year 2 = 42 / 8 = 5.25
$42 buys less basket of goods in year 2. It means that the value of money has declined
Recology CleanScapes, formed when CleanScapes of Seattle merged with San Francisco–based Recology, provides recycling services to about 800,000 residential and commercial customers in four western states. The employee-owned company’s motto is "WASTE ZERO," and it is an industry leader in the waste reduction and recovery industry. Recology CleanScapes has credited much of its financial success, low employee turnover, and high customer satisfaction to open-book management.
Recycling is a worldwide industry. If Recology CleanScapes decided to expand by acquiring companies in other countries, which of the following issues should managers take into consideration when deciding where and how to operate? Check all that apply.
A- In some countries, like China and India, it is not customary to publicly disclose company financial information.
B- In countries with high power distance, where inequality between managers and employees is expected, companies may have difficulty using open-book management.
C- Employees in some countries are not sufficiently well educated to understand company financial information.
Answer:
A- In some countries, like China and India, it is not customary to publicly disclose company financial information. B- In countries with high power distance, where inequality between managers and employees is expected, companies may have difficulty using open-book management.Explanation:
Using open book management would mean disclosing financial information to ensure that employees know how best to use that information to push the company forward. If this is looked down upon in a country like in China and India, Recology would not be able to properly implement its open-book management style so it should take that into consideration.
This is the same problem as countries with high power distance. Inequality is expected and even encouraged between managers and employees yet Recology practices open-book management which actually tries to reduce this equality so Recology needs to properly consider such countries before they move in.
The managers must take into consideration when deciding where and how to operate is that;
In countries with high power distance, where inequality between managers and employees is expected, companies may have difficulty using open-book management.
When there is high power distances, lower-ranking citizens and employees is prone to accept and expect that power will not be distributed equally, and this also makes politicians and business leaders are distanced or isolated from others.
In business, managers need consider the following; information, time, personnel, equipment, and supplies and and also note any limiting factors.
Managers should boast the morale of employees so as to focus on their individual job performance and reward them for individual result.
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g how long (in years) will it take to triple an investment made at a 2% interest rate if the interest is compounded monthly
Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value of $45,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. It has a current market value of $55,000. Variable manufacturing costs are $33,400 per year for this machine. Information on two alternative replacement machines follows.
Alternative A Alternative B
Cost $ 119,000 $ 112,000
Variable manufacturing costs per year 23,000 10,200
Calculate the total change in net income if Alternative A, B is adopted. Should Xinhong keep or replace its manufacturing machine? If the machine should be replaced, which alternative new machine should Xinhong purchase?
Answer and Explanation:
The computation is shown below;
For Alternative A
Cost to buy new machine -$119,000.00
Cash received $55,000.00
Reduction in variable manufacturing cost ($33400 - $23000) ×5 $52,000.00
Total change in net income -$12,000.00
For Alternative B
Cost to buy new machine -$112,000.00
Cash received $55,000.00
Reduction in variable manufacturing cost ($33400 - $10200) × 5 $116,000.00
Total change in net income $59,000.00
So here Xinhong should purchase a machine that belong from Alternative B.
Amanda is playing a game of chance in which she rolls a number cube with sides numbered from to 1 to 6. The number cube is fair, so a side is rolled at random. This game is this: Amanda rolls the number cube once. She wins $1 if a 1 is rolled, $2 if a 2 is rolled, $3 if a 3 is rolled, and 4 if a 4 is rolled. She loses $0,50 if a 4, 5 or 6 is rolled.
(a) Find the expected value of playing the game.
(b) What can Elsa expect in the long run, after playing the game many times?
1) Elsa can expect to gain money. She can expect to win__dollars per roll.
2) Elsa can expect to lose money. She can expect to lose___dollars per roll.
3) Elsa can expect to break even (neither gain nor lose money).
Answer:
a. 0.75
b. elsa can expect to gain money. 0.75$
Explanation:
x = 1/6 = 0.166667
given an outcome of 1,
1$ win * 0.166667 = 0.166667
given an outcome of 2,
$2 win * 0.166667 = 0.33333
given an outcome of 3,
$3 win*0.166667 = 0.5
remember that if she has an out come of 4, 5 and 6 she loses 0.5 dollars
given an outcome of 4,
-$0.5 * 0.166667 = -0.083333
given an outcome of 5,
-$0.5 * 0.166667 = -0.083333
given an outcome of 6,
-$0.5 * 0.166667 = -0.083333
The expected value of playing the game = 0.166667+0.333333+0.5-0.083333-0.083333-0.083333
= 0.750001
expected value of plying game = 0.75
b. in the long run, after playing the game many times, Elsa can expect to gain money. she can expect to win 0.75$ per role. option 1
RSTN Co. produces its product through two sequential processing departments. Direct materials and conversion are added to the product evenly throughout the process. The company uses monthly reporting periods for its process costing system. During October, the company finished and transferred 150,000 units of its product to Department 2. Of these units, 30,000 were in process at the beginning of the month and 120,000 were started and completed during the month. The beginning work in process inventory was 30% complete. At the end of the month, the work in process inventory consisted of 20,000 units that were 80% complete.
Required:
Compute the number of equivalent units of production for October. Use the FIFO method.
Answer:
RSTN Co.
The number of equivalent units of production for October are:
Materials Conversion
Equivalent units of production 140,000 157,000
Explanation:
a) Data and Calculations
Units Materials Conversion
Beginning work in process 30,000 100% 30%
Units started and completed 120,000 100% 100%
Ending work in process 20,000 100% 80%
Equivalent units using FIFO method:
Units Materials Conversion
Beginning work in process 30,000 0 (0%) 21,000 (70%)
Units started and completed 120,000 120,000 (100%) 120,000 (100%)
Ending work in process 20,000 20,000 (100%) 16,000 (80%)
Equivalent units of production 140,000 157,000
What advice would you offer to entrepreneurs on a limited advertising budget?
Buy the biggest magazine ad you can, even if it means you can only run it once.
Run smaller, less visible ads more frequently in the best medium for your target audience.
Focus on television advertising.
Focus on radio advertising.
Answer:
Run smaller, less visible ads more frequently in the best medium for your target audience.
Explanation:
An entrepreneur refers to an individual who sees a need or discovers a problem in a society and innovatively proffers a solution using brilliant ideas or entrepreneurial thinking.
The following are five (5) characteristics of an entrepreneur;
1. Innovative: it can be defined as a quality possessed by an individual or group of people such as an entrepreneur and typically involves the process of improving on an existing product or ideas.
2. Passionate: believing in a course and one's ability to achieve much more at a business.
3. Risk-Taker: he or she is confident enough to venture into risky businesses with the hope of an expected success.
4. Self-confident: he or she is bold and believes in his or her abilities to excel.
5. Well-rounded leader: it involves being compassionate, fun, organized and intelligent as a successful entrepreneur.
Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers.
Basically, the advice I would offer to entrepreneurs on a limited advertising budget is to run smaller, less visible adverts (ads) more frequently in the best medium for their target audience because they wouldn't have to pay more to put their goods out there.
It's time to buy pet food again and Lisa heads to the grocery store with $40 in her purse, leaving her four hungry dogs and seven hungry cats at home. Dog food costs $1 per can and cat food costs $0.50 per can. Lisa wants to minimize her pet food cost. What is an appropriate objective function for this scenario?
Answer: Min Z = X1 + 0.50X2
Explanation:
Based on the information given in the question, the appropriate objective function for this scenario will be explained this:
Let X1 be the number of dog food cans which will be bought
Let X2 be the number of cat food cans which will be bought
Then, the objective function will be:
Min Z = 1X1 + 0.50X2
The appropriate objective function for this scenario is Min Z = X1 + 0.50X2
Objective function:Since in her purse there is $40 also there is four hungry dogs and seven hungry cats at home. Dog food costs $1 per can and cat food costs $0.50 per can.
So based on this, here we assume that X1 be the no of dog And, X2 should be no of cat
So, the objective function is Min Z = X1 + 0.50X2
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When a company has an obligation or right to repurchase an asset for an amount greater than or equal to its selling price, the transaction should be treated as a repurchase transaction. financing transaction. put option. outright sale.
Answer:
financing transaction.
Explanation:
A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.
Cash flow statement, also known as the statement of cash flows, contains financial information about operating, investing and financing activities.
A transaction can be defined as a business process which typically involves the interchange of goods, financial assets, services and money between a seller and a buyer.
Financing transaction can be defined as an obligation or right of an organization (business firm) to repurchase an asset for an amount greater than or equal to the selling price of the asset.
The following information pertains to Peak Heights Company:
Income Statement for Current Year
Sales $85,900
Expenses Cost of goods sold $51,675
Depreciation expense 6,700
Salaries expense 11,900 70,275
Net income $15,625
Partial Balance Sheet Current year Prior year
Accounts receivable $9,800 $14,200
Inventory 13,100 9,100
Salaries payable 1,620 870
Required:
Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect method.
Answer:
Peak Heights Company
PEAK HEIGHTS COMPANY
Statement of Cash Flows
Operating Activities Section
Net income $15,625
Non-cash flow: Depreciation 6,700
Changes in working capital:
Accounts receivable -$4,400
Inventory 4,000
Salaries payable 750
Net cash from operating activities $22,675
Explanation:
A) Data and Calculations:
Peak Heights Company:
Income Statement for Current Year
Sales $85,900
Expenses Cost of goods sold $51,675
Depreciation expense 6,700
Salaries expense 11,900 70,275
Net income $15,625
Partial Balance Sheet Current year Prior year Changes
Accounts receivable $9,800 $14,200 -$4,400
Inventory 13,100 9,100 4,000
Salaries payable 1,620 870 750
Suppose advances in computer technology lead to a surge in worker productivity. In the long run, output will ________ and the price level will ________.
Answer:
increase; decrease.
Explanation:
Technology can be defined as a branch of knowledge which typically involves the process of applying, creating and managing practical or scientific knowledge to solve problems and improve human life. Technologies are applied to many fields in the world such as medicine, information technology, cybersecurity, engineering, environmental etc.
Generally, technology has impacted the world significantly and positively as it has helped to automate processes, increased efficiency and level of output with little or no human effort.
Assuming advances in computer technology led to a surge in the level of productivity by the workers working in a company. In the long run, output will increase and the price level will decrease.
One year ago, you purchased $6,000 worth of a mutual fund at an offering price of $38.10 a share. Today, the fund distributed $0.20 in short-term gains and $1.04 in long-term gains. The current offering price is $41.80. The fund has a front-end load of 5 percent and total annual operating expenses of 1.25 percent. What is your rate of return on this investment?
a. 7.48 percent
b. 9.91 percent
c. 2.87 percent
d. 3.54 percent
e. 6.06 percent
Answer:
a. 7.48%
Explanation:
Number of shares = $ 6,000 / $ 38.10
Number of shares = 157.48
Rate of return = [Number of shares * (Short term gans + Long term gains + ((1 - Front end load) * (Current offering price)) - Purchase price] / Purchase price
Rate of return = [157.48 * ($0.20 + $1.04 + ((1 - 0.05 ) * $41.80)) - $6,000] / $6,000
Rate of return = [157.48 * ($0.20 + $1.04 + (0.95 * $41.80)) - $6,000] / $6,000
Rate of return = [157.48 * ($1.24 + $39.71) - $6,000] / $6,000
Rate of return = $448.806 / $6,000
Rate of return = 0.074801
Rate of return = 7.48%
Explain the difference between the concepts of Business Management and Technology Management. Provide examples.
Answer:
Explanation:
There is a difference between business management and technology management.
Business management refers to managing the organization's business perspective so that the direct business objectives of the organization is served.
Business management involves managing the domain, employees, looking after the business processes of an organization, etc. whereas
While technology management is used to make the business process simple and convenient through various aspects like managing the technical aspect of each and every business process and that is possible by having details about the technical aspects that are involved in all the business process of the organization.
For an organization to be successful it should possess all the required management techniques that include the business and technical aspects both.
Today the way of doing business has changed a lot and hence the organizations need to be quite diligent and effective in order to sustain and remain competitive in the industry.
Sayid is the sole shareholder of an S corporation in Hattiesburg, Mississippi. At a time when his stock basis is $20,000, the corporation distributes appreciated property worth $40,000 (basis of $20,000). There is no built-in gain. Sayid's taxable gain is:
Answer:
$20,000
Explanation:
The computation of the taxable gain is shown below:
The corporate gain is
= $40,000 - $20,000
= $20,000
Now the stock basis is increased i.e.
= $20,000 + $20,000
= $40.000
Now the stock basis decreased to zero i.e.
= $40,000 - $40,000
= $0
So, here the taxable gain is of $20,000
First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually. If you made a deposit of $17,000 in each bank, how much more money would you earn from your Second City Bank account at the end of 9 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Samson Company reported total manufacturing costs of $320000, manufacturing overhead totaling $52000, and direct materials totaling $64000. How much is direct labor cost
Answer:
Direct labor cost is like $184000
Explanation is not my nation
Liz received an email from a long-term client informing her that they were planning to work with another advertising agency. Which response is the best application of the some post-event strategies of resilience?
Answer:
Review all email to see if the client was somehow offended. Then analyze listening skills to ensure the client's needs were met. Discuss with a mentor. If the relationship can't be salvaged, learn from the experience and move on.
Explanation:
Due to the fact that Liz received a mail from a long-time client who tells her they were planning on working with another advertising agency, the best response that is the best application of some post-event strategies of resilience are:
1. Reviewing past emails to see if they offend the client in any way
2. Analyse the listening skills to ensure that the client's needs were met
3. Discuss with a mentor
4. Learn from the whole experience
Corn Dog Corp expects net income next year to be $609,000. Inventory and accounts receivable will have to be increased by $302,000 to accommodate this sales level. Corn Dog will pay dividends of $403,000. How much external financing will Corn Dog need assuming no organically generated increase in liabilities
Answer:
$96,000
Explanation:
Increase in current assets = $302,000
Retained earnings = Net income - Dividends
Retained earnings = $609,000 - $403,000
Retained earnings = $206,000
External financing needed = Increase in current assets - Retained earnings
External financing needed = $302,000 - $206,000
External financing needed = $96,000
Bedeker, Inc., has an issue of preferred stock outstanding that pays a $4.95 dividend every year in perpetuity. If this issue currently sells for $94 per share, what is the required return
Answer:
Required return = 5.27%
Explanation:
Below is the calculation of required return:
Given the dividend paid amount = $4.95
The selling price of share = $94
Use below formula to find the required return:
Required return = Dividend amount / Selling price
Now plug the values:
Required return = $4.95 / 94
Required return = 5.27%
When capital is plotted on the vertical axis and labor is plotted along the horizontal axis, the marginal rate of technical substitution (MRTS) of labor for capital along a convex isoquant A. declines as more and more labor is used. B. equals the negative of the slope of the isoquant. C. equals the marginal product of labor divided by the marginal product of capital. D. All of the above are correct. E. Only answers A and B are correct.
Answer: D. All of the above are correct.
Explanation:
The marginal rate of technical substitution (MRTS) refers to the economic theory which explains the rate at which a particular factor of production must reduce in order for the same level of productivity to be maintained when there's another production factor which is increased.
When the capital is plotted on the vertical axis and labor is plotted along the horizontal axis, then the marginal rate of technical substitution of labor for capital along a convex isoquant will reduce as more and more labor is used. Also, the MRTS equals the negative of the slope of the isoquant and equals the marginal product of labor divided by the marginal product of capital that's MRTSL,K=-MPL/MPK
Therefore, the correct option is All of the above.
Rick Co. had 36 million shares of $1 par common stock outstanding at January 1, 2021. In October 2021, Rick Co.'s Board of Directors declared and distributed a 1% common stock dividend when the market value of its common stock was $56 per share. In recording this transaction, Rick would:
Answer:
Debit retained earnings for $20,160,000
Explanation:
Calculation to determine what Rick would record
First step
Shares to be distributed = .01 × 36 million
Shares to be distributed= 360,000 shares
Now let determine the Retained earnings
Retained earnings: Market value of shares = 360,000 × $56
Retained earnings: Market value of shares= $20,160,000
Therefore In recording this transaction, Rick would:Debit retained earnings for $20,160,000
Two employees are suspended for three days for a fight that violated the Human Resource policies of the facility. This behavior would be
Answer:
workplace misbehavior
Explanation:
In simple words, Any deliberate employee activity that is theoretically detrimental to the company or people inside the organisation is referred to as workplace misbehavior. Such misbehavior might vary from pumping noisy audio just to upset employees to verbal hostility and job sabotage, many of which can cause chaos in any workplace.
This behavior is a kind of "Workplace misbehavior".
Such deliberate employee behavior, which may hurt the corporation or organizations as well as individuals inside the company, is termed Workplace misbehavior.These conducts could maximum range from music blasting to aggravate employees, psychological hostility, and sabotage, which in any business can lead to disaster.
Thus the above response is correct.
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At the beginning of the year, SnapIt had $13,800 of inventory. During the year, SnapIt purchased $42,600 of merchandise and sold $35,700 of merchandise. A physical count of inventory at year-end shows $14,800 of inventory exists. Prepare the entry to record inventory shrinkage.
Answer:
Shrinkage = Closing inventory according to the books - Actual closing inventory after physical count
Closing inventory = Beginning inventory + Purchased inventory - Sold inventory
= 13,800 + 42,600 - 35,700
= $20,700
Date Account Title Debit Credit
XX-XX-XXXX Cost of Goods sold $20,700
Merchandise inventory $20,700
_____ can be calculated as the percentage of workers who remain in a firm from one point in time to another point in time.
Answer: Retention rate
Explanation:
Retention rate refers to the percentage of customers that are retained by a business for a given period of time.
Retention rate is usually calculated on an annual basis. It can be calculated as the percentage of workers who remain in a firm from one point in time to another point in time.
2. In what ways does the division between value creation and value delivery help clarify the process of refining the business model
Answer:
Value creation refers to the process of creating a company value based on the demands of the consumer and their willingness to use the value. The action of drifting wealth in a value networks is essential to the idea of shared value.
In other words, The way you create your goods such that they provide the most value to the customers who use them is called value delivery. Customers can receive worth in the shape of goods, perks, and characteristics, among other things. Anything that adds worth to the consumer 's experience should be included in the value ordering process.
Suppose that a share of common stock is expected to pay a $3 dividend one year from now, and thereafter each annual dividend payment will increase by 4% over the prior payment. The effective annual interest rate is 12%. Find the modified duration of this share of stock.
Answer:
13
Explanation:
Modified duration of stock = (1 + Growth rate) / (Effective rate - Growth rate)
Modified duration of stock = (1 + 4%) / (12% - 4%)
Modified duration of stock = (1 + 0.04) / 0.08
Modified duration of stock = 1.04 / 0.08
Modified duration of stock = 13
So, the modified duration of this share of the stock is 13.
