1. In the external environment, an organization needs to monitor economic forces, human-induced problems, and natural disasters.
2. "Globalization" is not considered an organization's strength according to the SWOT analysis framework, while "Low employee turnover," "Know-how," and "Brand recognition" are examples of strengths.
3. Practices such as hiring practices, reward and recognition programs, and onboarding programs help an organization develop its culture.
1. In the external environment, an organization needs to monitor several factors to ensure its success. These include economic forces, human-induced problems, and natural disasters. Economic forces refer to the conditions and trends in the economy that can impact an organization's operations, such as inflation, unemployment rates, and changes in consumer spending habits. Human-induced problems are issues caused by individuals, such as employee misconduct, legal disputes, or ethical dilemmas.
2. When conducting a SWOT analysis, an organization assesses its strengths, weaknesses, opportunities, and threats. Among the options given, "Globalization" is not considered an organization's strength. While globalization can provide opportunities for expansion and access to new markets, it is generally considered an external factor that impacts the organization rather than an internal strength. On the other hand, "Low employee turnover," "Know-how," and "Brand recognition" are examples of strengths an organization can possess. Low employee turnover suggests that employees are satisfied and committed to the organization, which can lead to increased productivity and knowledge retention. Know-how refers to the organization's specialized expertise or unique capabilities that give it a competitive advantage. Brand recognition indicates that the organization's brand is well-known and trusted by customers, which can contribute to customer loyalty and market share.
3. Developing a culture within an organization involves various practices. These can include hiring practices, reward and recognition programs, and onboarding programs. Hiring practices play a crucial role in shaping the organization's culture as they determine the type of individuals who join the organization and contribute to its values and norms.
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Sonny is the owner of a company in Boston. Eight months ago he hired 20 employees to work in his company, but due to an economic downturn he decided to let go of the new hires in order to save his business. All 20 employees were terminated and no explanation was provided.
Do the 20 employees have a valid legal claim to get their jobs back? State the legal principle and explain whether the employees have a legal claim.
Without further information suggesting any unlawful or discriminatory reasons for the terminations, it is unlikely that the 20 employees have a legal claim to regain their jobs. It is crucial to consult local labor laws and regulations to determine the specific rights and remedies available to the employees in such situations.
In most jurisdictions, employees are protected by employment laws that govern wrongful termination. These laws typically require employers to provide a valid reason for terminating employees and prohibit terminations based on discriminatory or retaliatory motives. However, specific laws and regulations vary by jurisdiction.
In this scenario, if the termination of the 20 employees was solely due to an economic downturn without any discriminatory or retaliatory motives, it may be considered a lawful termination. As long as the employer complied with applicable labor laws, provided appropriate notice or severance pay as required, and did not engage in any prohibited practices, the employees may not have a valid legal claim to get their jobs back.
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a. Is buying a 1-liter laundry detergent bottle for $6 when there are ½ liter bottles of the same
detergent available for $2.50 each necessarily irrational? Explain your answer.
b. Mary and Bob consume only wine () and cheese (c). Mary’s utility from and c can be
expressed as (,c) = 2c. Bob’s utility from and c can be expressed as
(,c) = (2) + (c). Do Mary and Bob have the same preferences for wine and
cheese? Explain your answer.
Mary prefers more cheese while Bob prefers more wine as seen in their respective utility functions. This is because the utility functions for Mary and Bob are different.
a. The decision to buy a 1-liter laundry detergent bottle for 6 when there are 1/2 liter bottles of the same detergent available for 2.50 each may not necessarily be irrational.
This is because one needs to consider the advantages of buying the larger bottle such as buying in bulk, convenience of buying fewer bottles, reduced frequency of purchasing, among others. The decision can be seen as rational if the individual values the advantages more than the extra cost of purchasing the larger bottle.
b. No, Mary and Bob do not have the same preferences for wine and cheese.
Mary's utility function is U(M, C) = 2C while Bob's utility function is U(M, C) = [tex]M^2[/tex] + C.
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The rudiments of neo-Ricardian theory In this section we begin to develop a neo-Ricardian model, based directly on the one presented by Sraffa in his book. We start with an extremely simple situation and gradually build up to more complex situations. The primary feature of this model is that it does not consider the longrun aspects of social and technological growth. Specifically, a given state in the long-run process of development of a capitalist economy is examined. To do this, the total quantity of output produced, and its composition, are taken as given. Also taken as given are the techniques of production. These techniques are rooted in the history of society and embody all of society's past achievements. In this regard the analysis is a static analysis. Insofar as we will be comparing alternative static states, our analysis may also be termed comparative statics. This implies that we ignore the time sequence of events which, like a motion picture, takes us forward in time, showing how the economy grows and changes. Such an analysis would be a dynamic analysis. 7.3A A subsistence economy Assume a very primitive noncapitalist society which produces no surplus. That is, it produces exactly enough to replace the commodities used up, and no more. The amount which is produced is the minimal requirement for continued survival. It is further assumed that there are only three industries which, respectively, produce 400 bushels of corn, 20 tons of iron, and 40 goats. Each of these three commodities directlv 102 POST-KEYNESIAN THEORIES OF VALUE AND PRICE There are k independent equations in the above system. If we continue to set one of the k prices equal to unity, this leaves (k−1) prices to be determined. Adding the unknown profit rate r to the (k−1) unknown prices gives us k unknowns. With k equations, the system can be solved.
The neo-Ricardian theory developed on the one presented by Sraffa in his book. The primary feature of this theory is that it does not consider the long-run aspects of social and technological growth.
The analysis is static, meaning that it ignores the time sequence of events which takes us forward in time, showing how the economy grows and changes. The analysis is therefore, comparative statics. The theory was developed by comparing alternative static states. For example, the subsistence economy of a very primitive non-capitalist society which produces no surplus. This means that it produces exactly enough to replace the commodities used up, and no more.
The amount which is produced is the minimal requirement for continued survival.The subsistence economy assumes that there are only three industries which produce 400 bushels of corn, 20 tons of iron, and 40 goats, respectively. Each of these three commodities directly satisfies a distinct basic need of the society in question. Furthermore, each industry uses one of the other two products as a factor of production.
The neo-Ricardian model is rooted in the history of society and embodies all of society's past achievements. These techniques are taken as given. In this regard, the analysis is a static analysis.
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Charge and discharge statement. Given the facts of Exercise 8,(1) prepare the charge and discharge statement that would have resulted from the above events and (2) prepare the entries to transfer all estate principal and income amounts to a trust for the benefit of Cody Jackson. REFERENCE: Accounting for estate principal and income. Jason Jackson was killed in a mountain-climbing accident in British Columbia. As Jason's trusted friend and CPA, you have been named executor of his estate and guardian to his minor child, Cody Jackson. Jason's estate consists of the following assets subject to probate:
The charge and discharge statement summarizes the estate's financial transactions, including an inventory of assets, payment of debts, distribution to beneficiaries, and transfer of principal and income to Cody Jackson's trust.
(1) Charge and discharge statement:
The charge and discharge statement for Jason Jackson's estate would include the following events: inventory of assets, payment of debts and expenses, distribution of specific bequests, transfer of remaining assets to the residuary estate, calculation of estate taxes, payment of taxes, and final distribution to beneficiaries.
(2) Entries to transfer estate principal and income to a trust for Cody Jackson:
To transfer all estate principal and income amounts to a trust for Cody Jackson, the following entries would be made:
- Debit Estate Principal Account and Credit Cody Jackson Trust Account for the transfer of estate principal.
- Debit Estate Income Account and Credit Cody Jackson Trust Account for the transfer of estate income.
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How should sales discounts taken be reported on the financial statements when using the net method for recording accounts receivable? (A5) sales discounts forfeited on the income statement. a reduction to sales on the income statement. a loss on the income statement. sales discounts taken are not reported on the financial statements under this method.
Sales discounts taken are reported as a reduction to sales on the income statement when using the net method for recording accounts receivable.
When using the net method for recording accounts receivable, sales discounts taken should be reported as a reduction to sales on the income statement.
The net method records sales revenue at the net amount after deducting any applicable sales discounts. Therefore, when a customer takes advantage of a sales discount, it reduces the amount of revenue recognized for that sale. This reduction is reported as a deduction from sales on the income statement.
To summarize, the correct answer is:
Sales discounts taken are reported as a reduction to sales on the income statement when using the net method for recording accounts receivable.
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a) Prepare the general journal entry to record the acquisition of the crane on September 1. b) Prepare any adjusting journal entries that should be made at year end, December 31. c) Show how the crane will be reflected on Harvey Auto Parts' balance sheet on December 31
Necessary journal entries for the acquisition and depreciation of a crane, along with a sample balance sheet showing the inclusion of the crane as a non-current asset.
a) The general journal entry to record the acquisition of the crane on September 1 is: Account Title Debit Credit Crane $20,000 Cash $20,000
b) The adjusting journal entry that should be made at year-end, December 31, is: Account Title Debit Credit Depreciation expense$1,200Accumulated depreciation-Crane$1,200
c) The crane will be reflected on Harvey Auto Parts' balance sheet on December 31 in the Property, plant and equipment section of the balance sheet, which is a category of non-current assets. The balance sheet will look something like this:
Harvey Auto Parts
Balance Sheet
As of December 31, 2021
Assets
Current assets
Cash $10,000
Inventory $50,000
Accounts receivable $20,000
Total current assets $80,000
Non-current assets
Property, plant and equipment
Crane $18,800
Less: Accumulated depreciation-Crane ($1,200)
Total non-current assets $17,600
Total assets $97,600
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable $15,000
Total current liabilities $15,000
Long-term liabilities
Notes payable $20,000
Total long-term liabilities $20,000
Total liabilities $35,000
Stockholders' equity
Common stock $40,000
Retained earnings $22,600
Total stockholders' equity $62,600
Total liabilities and stockholders' equity $97,600
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why long run growth is so important to an economy.
the business cycle and how it relates to output, unemployment, and inflation.
how inflation effects wages, prices, purchasing power, and interest rates.
what the CPI and PPI are and how each provides data to predict inflation.
what is counted in GDP.
difference between Nominal GDP and Real GDP and why it matters.
the different types of unemployment.
what is meant by the natural rate of unemployment and what factors can cause it to change.
what is meant by Keynesian policies, what they are and why the are used.
what purposes Real GDP per Capita is used by economists and what its limits are.
the various costs to the economy related to inflation.
how unemployment is calculated.
what is meant by a jobless recovery and be able to apply this to "normal" recessions versus "severe" recessions (I cover this in detail in a video presentation).
the difference between normative and positive statements.
You must understand what factors increase productivity and public policies that impact these factors.
Long-run growth is the process by which the productive capacity of an economy expands over time. It is a critical measure of a country's economic health since it determines the level of output an economy can produce and its ability to create new jobs and raise living standards.
Key elements of the business cycle include output, unemployment, and inflation. Each of these has a significant impact on economic growth. The business cycle has four phases: expansion, peak, contraction, and trough. These phases reflect changes in output, employment, and inflation.
Inflation can have several effects on the economy, such as decreasing purchasing power and increasing prices. It can also lead to changes in interest rates, wages, and prices, which can impact economic growth. The Consumer Price Index (CPI) and the Producer Price Index (PPI) are two of the most important measures of inflation. The CPI measures the average change over time in the prices paid by consumers for a basket of goods and services.
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I buy a three-bedroom, two-bath house priced at $500,000. I am required to put down a $50,000 down payment in cash before closing on the home. The remainder of the cost of the house will be financed at a 6.7% interest rate for the next thirty years.
1. What is my monthly payment? Round to the nearest penny.
2. How much, in total, do I pay in interest? Use your answer from (a) to calculate this.
1. Monthly Payment= $2,932.81.
2. Total interest paid= $592,215.60.
To calculate your monthly payment and the total interest paid, we can use the loan amount (cost of the house minus the down payment), the interest rate, and the loan term.
1. Monthly Payment Calculation:
Loan amount = $500,000 - $50,000 = $450,000
Interest rate per period = 6.7% / 12 (monthly compounding) = 0.067 / 12 = 0.00558
Loan term = 30 years = 30 * 12 = 360 months
Using the formula for calculating the monthly payment on a fixed-rate mortgage:
Monthly payment = (Loan amount * Interest rate per period) / (1 - (1 + Interest rate per period)^(-Loan term))
Monthly payment = ($450,000 * 0.00558) / (1 - (1 + 0.00558)^(-360))
Using this formula, the monthly payment comes out to be approximately $2,932.81.
2. Total Interest Paid Calculation:
Total interest paid = (Monthly payment * Loan term) - Loan amount
Total interest paid = ($2,932.81 * 360) - $450,000
Using this calculation, the total interest paid over the 30-year term would be approximately $592,215.60.
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: A one time shock in the money stock of a country will have no long-run impact on the nominal interest rate of that country. True False QUESTION 2 The main difference between the monetary and asset approaches to exchange rates can be summed up in the idea that the nominal interest rate are allowed to temporarily change. True False QUESTION 3 In traditional monetary theory, the nominal exchange rate is equal to what components? The Spot Exchange Rate Monetary Velocity Real Interest Rate Inflation Expectations
The nominal exchange rate in traditional monetary theory is equal to the Spot Exchange Rate. The correct answer is: The Spot Exchange Rate.
1. False. A one-time shock in the money stock of a country will have a long-run impact on the nominal interest rate of that country.2. True. The main difference between the monetary and asset approaches to exchange rates can be summed up in the idea that the nominal interest rates are allowed to temporarily change.3. The nominal exchange rate in traditional monetary theory is equal to the Spot Exchange Rate. Therefore, the correct answer is: The Spot Exchange Rate.
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Sidney borrows $12,000. The loan is governed by an annual effective interest rate of 6%. Sidney repays $4,000 at the end of year 2 and X at the end of year 3 in order to exactly pay off the loan. Find X. Determine the present value of $15,750 due in 18 years at an annual effective interest rate of 12%.
The present value of $15,750 due in 18 years at an annual effective interest rate of 12% is approximately $3,072.15.
It is the value assigned to a future cash flow or amount at the present time, taking into account the time value of money. To find X, we can start by calculating the amount of the loan after 2 years.
The loan is governed by an annual effective interest rate of 6%, so after 2 years, the amount of the loan would be:
[tex]$12,000[/tex] * [tex](1 + 0.06)^2[/tex] =[tex]$12,000 * 1.1236[/tex]
= $[tex]$13,483.20[/tex]
Since Sidney repays $4,000 at the end of year 2, the remaining amount to be paid at the end of year 3 is:
$13,483.20 - $4,000 = $9,483.20
To determine X, we need to find the value of $9,483.20 at the end of year 3. Using the formula for compound interest, we can calculate:
$[tex]9,483.20 = X *[/tex] [tex](1 + 0.06)^3[/tex]
Simplifying the equation, we have:
$9,483.20 = X * 1.191016
Dividing both sides by 1.191016, we get:
X = $[tex]9,483.20 / 1.191016[/tex]
X ≈ $[tex]7,962.92[/tex]
Now, let's determine the present value of $[tex]15,750[/tex] due in 18 years at an annual effective interest rate of 12%.
Using the formula for present value, we can calculate:
Present Value = Future Value /[tex](1 + interest rate)^n[/tex]
Where:
Future Value = $[tex]15,750[/tex]
Interest rate = [tex]0.12[/tex] (12% expressed as a decimal)
n = 18
Substituting the values into the formula, we get:
Present Value = $[tex]15,750 / (1 + 0.12)^18[/tex]
Calculating the present value, we have:
Present Value ≈ $[tex]3,072.15[/tex]
Therefore, the present value of $[tex]15,750[/tex] due in 18 years at an annual effective interest rate of 12% is approximately $[tex]3,072.15.[/tex]
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The present value of $15,750 due in 18 years at an annual effective interest rate of 12% is $2,299.86.
To find X, we can use the concept of present value. Let's break down the problem step by step:
1. The loan amount is $12,000, and the interest rate is 6% per year. We need to find the amount Sidney needs to repay at the end of year 3 (X).
2. Sidney repays $4,000 at the end of year 2. So, at the end of year 2, the remaining loan amount is $12,000 - $4,000 = $8,000.
3. We can calculate the present value of $8,000 due at the end of year 3 using the formula:
Present Value = Future Value / (1 + interest rate)^n
Plugging in the values, we have:
Present Value = $8,000 / (1 + 0.06)^3 = $8,000 / 1.191 = $6,716.25 (rounded to two decimal places)
4. Therefore, Sidney needs to repay $6,716.25 at the end of year 3 (X) in order to exactly pay off the loan.
Now, let's move on to the second part of the question:
To determine the present value of $15,750 due in 18 years at an annual effective interest rate of 12%, we can again use the present value formula:
Present Value = Future Value / (1 + interest rate)^n
Plugging in the values, we have:
Present Value = $15,750 / (1 + 0.12)^18 = $15,750 / 6.848 = $2,299.86 (rounded to two decimal places)
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"Read the case ""Starbucks"". Discuss the following questions：
1. What is Starbucks' product?
2. What advantages does McDonald's have in competing with
Starbucks for coffee sales?
3. What strategic fac"
Starbucks' main product is coffee, while McDonald's has advantages in terms of global presence, lower prices, and convenient service. Starbucks differentiates itself through a premium coffee experience, sustainability, and technological advancements.
1. Starbucks' main product is coffee, along with a variety of other beverages like tea, hot chocolate, and speciality drinks. They also offer food items such as pastries, sandwiches, and snacks.
2. McDonald's has certain advantages in competing with Starbucks for coffee sales. Firstly, McDonald's has a much larger global presence with thousands of locations worldwide, which gives them greater accessibility and visibility compared to Starbucks. Additionally, McDonald's offers lower prices for their coffee products, appealing to customers looking for more affordable options. They also have a well-established drive-thru system, allowing for convenient and quick service. McDonald's also has a strong breakfast menu, attracting customers who may be looking for coffee in conjunction with their morning meal.
3. Strategic factors for Starbucks include their focus on creating a premium, high-quality coffee experience. They emphasize the Starbucks brand, ambience, and customer service, which appeals to customers seeking a more upscale coffee experience. They also prioritize sustainability and ethical sourcing, which resonates with socially conscious consumers. Starbucks has also invested in technology, such as mobile ordering and payment, to enhance convenience and improve customer experience.
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Of all the steps taken to prepare for a strength and conditioning job interview, which is arguably the most challenging?
Arguably, one of the most challenging steps in preparing for a strength and conditioning job interview is d) developing and demonstrating a comprehensive understanding of exercise science and practical application.
This encompasses a deep knowledge of anatomy, physiology, biomechanics, nutrition, exercise programming, and injury prevention. Understanding how these components intersect and applying them to real-life scenarios is crucial.
To excel in this aspect, candidates need to stay updated with the latest research, industry trends, and best practices. They must be able to articulate their understanding of exercise principles, program design, and assessment methodologies. Additionally, they may need to showcase their ability to adapt training programs for different populations and address individual needs and goals.
Mastering this multifaceted aspect of preparation requires extensive study, practical experience, critical thinking, and the ability to synthesize complex information. It demands ongoing learning and staying at the forefront of industry advancements, making it one of the most challenging steps in preparing for a strength and conditioning job interview.
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Correct question:
Of all the steps taken to prepare for a strength and conditioning job interview, which is arguably the most challenging?
a) Anticipating and preparing for skepticism
b) Highlighting what can be done for the team
c) Showing an understanding of what the team needs
d) Selling one's strengths by highlighting different and unique qualities
Find the price of a coffee brand in brazil in the local currency unit and find the price of the same coffee brand in the USA in USD.
Find the nominal exchange rate (between brazil currency and USD) and compute the real exchange rate in brazil (how many bags of coffee do you need to sell in this country in order to buy one bag of the same coffee in the US).
Should brazil promote the export or import of coffee to the US based on the real exchange rate you’ve computed above? Do the real data of brazil on the export/import of coffee support your discussion above?
The price of the same coffee brand in the USA is approximately $7.56 USD. The real exchange rate is high, it implies that Brazilian coffee is relatively cheaper compared to the US coffee when considering the price level and exchange rate.
To determine the price of the same coffee brand in the USA in USD and calculate the real exchange rate, we need the exchange rate between the Brazilian currency (BRL) and the US dollar (USD).
Let's assume the exchange rate is 5 BRL to 1 USD.
Price in the USA in USD:
The price of Nescafe Gold 200g pack in Brazil is 37.78 BRL.
If the exchange rate is 5 BRL to 1 USD, then the price in the USA can be calculated as follows:
Price in the USA = Price in Brazil / Exchange rate
Price in the USA = 37.78 BRL / 5 BRL/USD
Price in the USA = 7.556 USD (rounded to the nearest cent)
Therefore, the price of the same coffee brand in the USA is approximately $7.56 USD.
Real Exchange Rate:
The real exchange rate is the relative price level between two countries adjusted for inflation. To compute the real exchange rate, we need the price level in Brazil and the USA.
Assuming the price level index in Brazil is 150 and in the USA is 120, the real exchange rate can be calculated as follows:
Real Exchange Rate = Nominal Exchange Rate × (Price Level in Brazil / Price Level in the USA)
Real Exchange Rate = 5 BRL/USD × (150 / 120)
Real Exchange Rate = 6.25 BRL/USD
This means that you would need 6.25 bags of coffee in Brazil to buy one bag of the same coffee in the USA.
Promotion of Export or Import:
Based on the real exchange rate of 6.25 BRL/USD, Brazil would need to sell 6.25 bags of coffee to the USA to buy one bag of the same coffee.
Since the real exchange rate is high, it implies that Brazilian coffee is relatively cheaper compared to the US coffee when considering the price level and exchange rate. This indicates that Brazil should promote the export of coffee to the USA.
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Hud's office of fair housing and equal opportunity, along with its partners in the fair housing assistance program, investigates approximately _______ housing discrimination complaints every year.
Hud's office is known for the opportunity and also fair housing with its partners but even they they have paid $11000 first violation of the housing policies and nearly three cases are filed in the gap of five years.
The Hud's is known for the fair opportunities and for the better quality of the services, but as recorded in the law they have paid nearly $11000 as the first year compensation. The main reason was that they had followed the complex procedure and also they had not maintained the record properly that lead them into problem when it came to the point of paying the tax of the company. They had the ability to attract the customers but they could not follow the Family contract and also they had not got permission of the tenant in the contract. These were the few reasons why they had to be pay the penalties in the court of law.
They had to be answerable to the government for the damages that they have caused and also the had to compensate for the error second time of $27500 when they caused same violation.
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Ratio or trend analysis can be a very effective method for determining HR demand. Identify a wide variety of relevant indices that can be used for this demand-forecasting technique in different organizational contexts, including public not-for-profit organizations, as well as in diverse industrial settings in the private sector.
Relevant indices for HR demand forecasting include service demand, funding, program expansion, production volume, market expansion, technology adoption, revenue growth, profitability, ROI, unemployment rate, job openings, and turnover rate.
HR demand forecasting requires the consideration of various factors that can impact workforce needs. The identified indices cover a wide range of aspects relevant to different organizational contexts. In public not-for-profit organizations, service demand and funding indices are crucial for estimating the HR requirements associated with service delivery and budgetary constraints. Program expansion index becomes important when organizations plan to expand their offerings. In diverse private sector industries, production volume, market expansion, and technology adoption indices help forecast HR needs based on changes in sales, market growth, and technology adoption. Financial indices like revenue growth, profitability, and ROI provide insights into the financial health of the organization, which can influence HR planning. Labor market indices such as unemployment rate, job openings, and turnover rate help gauge external labor market conditions and internal turnover trends, guiding workforce planning strategies. Considering these indices enables organizations to make informed decisions and allocate resources effectively to meet their HR demand.
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The management at Livingston, Inc., recognizes that a well-designed internal control
system provides many benefits. Among the benefits are reliable financial records that
facilitate decision making and a greater probability of preventing or detecting errors and
fraud. Livingston’s internal auditing department periodically reviews the company’s
accounting records to determine the effectiveness of internal controls. In its latest review,
the internal audit staff found the following conditions:
1.A decrease in the gross profit percentage was satisfactorily explained.
2.Bad debt write-offs are not prepared and approved by the same employee
3. There are no discrepancies between physical inventory counts and perpetual inventory records.
For each of the conditions detected by the Covington internal audit staff:
a. Describe a possible cause of the condition. If the control is satisfactory, indicate
as such.
b. Recommend actions to be taken and/or controls to be implemented that would
correct the condition for control that are deemed not satisfactory.
a) The possible cause and explanation for the conditions detected by the Covington internal audit staff are as follows:
1. A decrease in the gross profit percentage was satisfactorily explained. - If there is a decrease in gross profit percentage,
it could be because of a change in the product mix, a price cut due to the competition, or an increase in cost.
As it is explained satisfactorily, no further action is required.
2. Bad debt write-offs are not prepared and approved by the same employee. - This condition is considered as unsatisfactory because this creates an opportunity for fraudulent activities.
This condition can be corrected by implementing a control where only a designated employee can approve the bad debt write-offs.3. There are no discrepancies between
physical inventory counts and perpetual inventory records. - This condition is considered satisfactory, and it reflects that there is an effective inventory control system in place.
b) Based on the conditions mentioned in part a, the following actions can be taken to improve the internal control system:2. Bad debt write-offs are not prepared and approved by
the same employee - A control can be implemented where only a designated employee can approve the bad debt write-offs. The debtor should be contacted before
approving the bad debt write-off to ensure that all collection procedures have been exhausted.3. There are no discrepancies between physical inventory counts and perpetual inventory records -
This condition reflects the effectiveness of the inventory control system in place.
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What is the essence of the doomsday prediction for the future of AI?
Select an answer:
People will not have interesting work.
It will eliminate most jobs.
It will result in adoption of flawed technology.
Human creativity will become unnecessary.
5. In which situation is reinforcement learning easiest to use?
Select an answer:
There is one output for a sequence of several actions.
There are several outputs for every action.
There is one output for every action.
6. How has Moore's Law played out since the early 1970s?
Select an answer:
Data generation is now trillions of gigabytes per year.
More people are connected and contribute to intelligent software.
Computing power has increased by a factor of several million.
The essence of the doomsday prediction for the future of AI is that it will eliminate most jobs.
The essence of the doomsday prediction for the future of AI is that it will eliminate most jobs. This prediction suggests that the advancement of AI technology and automation will lead to widespread unemployment as machines and AI systems take over tasks that were traditionally performed by humans. This concern arises from the fear that AI will be capable of performing tasks more efficiently and effectively than humans, leading to a significant displacement of workers across various industries. In reinforcement learning, the situation where it is easiest to use is when there is one output for every action. This means that for each action taken by an agent, there is a specific desired outcome or result associated with it. Reinforcement learning algorithms can be designed to learn and optimize the actions taken based on the feedback received for each specific output.
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The current financial statements for J. Rodgers Bottling Company show:
The company usually pays out 60% of its net profits to shareholders and intends to continue to do so in the foreseeable future as means of satisfying its shareholder return objective. In fact, the company projects that it can grow sales by 20% in the next operating cycle. Any growth in the company’s sales however will affect its current assets and current liabilities which will change proportionately.
A. Based on the company’s growth forecast, will it likely need additional external financing or have excess financing in the next operating cycle? State the amount that would be needed or held in excess.
B.If at the 20% growth forecast the company decided to reduce its dividend payout in the next operating cycle, the company’s external financing needed would decrease .
C.If at the 20% growth forecast the company decided to increase its dividend payout in the next operating cycle, the company’s external financing needed would increase.
D. At what growth rate in Sales would the company neither need additional external financing nor have excess financing?
E. What are the maximum sales that the company should target in the next operating cycle if its financial policy does not permit the issue of new shares to facilitate its expansion but requires it to maintain its current level of financial leverage?
Based on the information provided, we can determine the potential impact of sales growth on the company's financing needs and dividend payout. However, without more specific financial information, we cannot determine exact amounts or growth rates.
Based on the given information, let's analyze each statement and determine whether additional external financing will be needed or if there will be excess financing in the next operating cycle:
A. To determine if additional external financing is needed, we need to consider the impact of the projected sales growth of 20% on the company's current assets and current liabilities. If the current assets and current liabilities change proportionately with the growth in sales, the company will not need additional external financing or have excess financing. However, if the growth in sales leads to a larger increase in current assets compared to current liabilities, additional external financing will be needed. On the other hand, if the increase in current liabilities is greater than the increase in current assets, there will be excess financing. The exact amount needed or held in excess cannot be determined without specific financial data.
B. If the company decides to reduce its dividend payout in the next operating cycle, the amount of external financing needed will decrease. This is because retaining more profits will provide the company with additional funds to finance its growth, reducing the need for external financing.
C. Conversely, if the company decides to increase its dividend payout in the next operating cycle, the amount of external financing needed will increase. This is because distributing more profits to shareholders will leave fewer funds available for the company's expansion, requiring it to seek additional external financing.
D. To determine the growth rate at which the company neither needs additional external financing nor has excess financing, we need more specific financial information. Without this information, we cannot calculate the exact growth rate. However, if the company's current assets and current liabilities increase proportionately with the growth in sales, then the company will neither need additional external financing nor have excess financing.
E. To calculate the maximum sales that the company should target in the next operating cycle, we need to consider the company's financial policy of not issuing new shares and maintaining its current level of financial leverage. Without knowing the specifics of the company's financial leverage and other financial data, we cannot calculate the exact maximum sales target.
In summary, based on the information provided, we can determine the potential impact of sales growth on the company's financing needs and dividend payout. However, without more specific financial information, we cannot determine exact amounts or growth rates.
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During the month of May, Hydra Company purchased \$41.500 of raw materials, used $22.500 of direct labor, and applied manufacturing overhead at a rate of 300% of direct labor costs. The balance of raw materials inventory did not change, but the balance of work in process inventory increased $9,600. The raw materials used in May included $7,000 of indirect materials and the cost of goods sold in May was $110,600. What is the change in the finished goods inventory balance during the month of May? Decreased by $23,500 Decreased by $2,700 Increased by $4,300 Increased by $11,300 None of the above
To determine the change in the finished goods inventory balance during the month of May, we need to calculate the total manufacturing costs incurred during the month. The total manufacturing costs consist of raw materials used, direct labor, and applied manufacturing overhead.
Raw materials used = Purchases of raw materials - Change in raw materials inventory Raw materials used = $41,500 - $0 (since the balance of raw materials inventory did not change) Raw materials used = $41,500 Total manufacturing costs = Raw materials used + Direct labor + Applied manufacturing overhead Total manufacturing costs = $41,500 + $22,500 + (300% of $22,500) Total manufacturing costs = $41,500 + $22,500 + $67,500 Total manufacturing costs = $131,500 To calculate the change in the finished goods inventory balance, we need to consider the equation: Change in Finished Goods Inventory = Total Manufacturing Costs - Cost of Goods Sold Change in Finished Goods Inventory = $131,500 - $110,600 Change in Finished Goods Inventory = $20,900 Therefore, the change in the finished goods inventory balance during the month of May is increased by $20,900. None of the options provided (Decreased by $23,500, Decreased by $2,700, Increased by $4,300, Increased by $11,300) match the correct answer.
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What role may business schools and universities play in the professionalization of management consultancy? - Consider the proposition that a manager who hires a management consultant has failed. Organizations do not hire managers in order to let them hire consultants to do their job. - Why is it relevant to have a definition of management consultancy? For whom would it be most relevant? - How will an equity investment of a management consultancy in a client influence the division of roles and responsibilities between the management consultancy and its client? Explain with an example.
Business schools and universities can play a significant role in the professionalization of management consultancy by providing education and training programs that equip students with the necessary skills and knowledge to become effective management consultants.
1. Regarding the proposition that a manager who hires a management consultant has failed, business schools and universities can teach aspiring managers the importance of recognizing when external expertise is needed.
They can emphasize the value of management consultants as strategic partners who bring specialized skills and perspectives to address complex business challenges.
2. Having a clear definition of management consultancy is relevant because it helps establish a common understanding of the profession and its scope.
This definition is most relevant for professionals in the field of management consultancy, students aspiring to become management consultants, and organizations seeking to engage management consultants.
3. An equity investment by a management consultancy in a client can influence the division of roles and responsibilities between the two parties.
For example, if a management consultancy invests in a client, they may acquire a stake in the client's business. This can lead to a closer relationship and a greater level of involvement in decision-making processes.
The management consultancy may take on a more strategic role, advising the client on long-term growth and providing ongoing support and guidance.
In contrast, the client may rely on the management consultancy for expertise and guidance in specific areas, leveraging their knowledge and resources to achieve desired outcomes.
The division of roles and responsibilities would be influenced by the specific terms and conditions of the equity investment agreement.
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Direct costs can be split into:
Manufacturing overheads + direct labour
Direct materials + direct labour
Direct materials + manufacturing overheads
Direct costs can be split into two categories: direct materials and direct labor. Direct materials refer to the raw materials or components that are directly used in the production of a product.
These materials can be easily traced and assigned to a specific product or job. Examples of direct materials include wood, metal, fabric, or any other material that is directly used in manufacturing a product. Direct labor, on the other hand, includes the wages or salaries paid to the workers who directly contribute to the production of a product. These workers are directly involved in the manufacturing process, such as assembly line workers or machine operators. Direct labor costs can be easily identified and assigned to a specific product or job.
Manufacturing overheads, also known as indirect costs, are the costs that cannot be directly traced to a specific product or job. These costs include expenses like factory rent, utilities, depreciation of machinery, and indirect labor costs. While manufacturing overheads are an important part of the overall production cost, they are not directly attributable to a specific product or job.
In summary, direct costs can be split into direct materials and direct labor, while manufacturing overheads are considered indirect costs.
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What Is The Seasonal Index For Summer? Round To Two Decimal Digits.
The calculation of the seasonal index for summer requires specific data and context related to the variable or phenomenon being studied. Without the relevant information, it is not possible to provide an accurate calculation or answer.
It is essential to analyze historical patterns, trends, and data to determine the seasonal index accurately. The seasonal index helps in understanding and predicting seasonal variations, allowing businesses and organizations to make informed decisions and adjustments to accommodate seasonal fluctuations.
The seasonal index for summer is [insert the calculated value rounded to two decimal digits].
To calculate the seasonal index for summer, we need to analyze historical data or patterns related to the specific variable or phenomenon being studied. The seasonal index quantifies the relative strength or impact of a particular season compared to the average or baseline.
The calculation of the seasonal index typically involves dividing the observed value during a specific season by the average value across all seasons and then multiplying by 100 to express it as a percentage.
Since the question does not provide specific data or context related to the variable or phenomenon being analyzed, it is not possible to calculate the seasonal index for summer. The seasonal index would depend on the specific data set and the variable being examined, such as sales, temperature, or any other measurable factor that exhibits seasonal variations.
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On March 10, Sugimoto Household Goods sells 2,000 boxes of toothpaste to Wong DDS for $6,000. Sugimoto's cost is $1 per box. Payment terms are 1/5,n/30. Shipping terms are FOB Destination. Prepare the journal entry to record Wong's purchase. Prepare the journal entry to record Sugimoto's sale. DR: CR: DR: On March 10, Fugimoto Household Goods sells 2,000 boxes of toothpaste to Wong DDS for $6,000. Sugimoto's cost is $1 per box. Payment terms are 1/5,n/30. Shipping terms are FOB Destination. Who will pay the shipping? Seller Buyer On March 10, Sugimoto Household Goods sells 2,000 boxes of toothpaste to Wong DDS for $6,000. Sugimoto's cost is $1 per box. Payment terms are 1/5,n/30. Shipping terms are FOB Destination. Freight charges are $40 and are paid in cash. Prepare the journal entry to record the payment for shipping (freight). On March 10, Sugimoto Household Goods sells 2,000 boxes of toothpaste to Wong DDS for $6,000. Sugimoto's cost is $1 per box. Payment terms are 1/5,n/30. Shipping terms are FOB Destination. On March 13. Wong returns 100 boxes of toothpaste because it does not have tamper proof packaging. Sugimoto cannot resell this toothpaste and must scrap it (throw it away). Prepare the journal entry for Wong to record the return. Prepare the journal entries for Sugimoto to record the return. On March 14 Wong realizes that the toothpaste they received does not have the Disney characters on the packaging. They specifically ordered the Disney characters for their pediatric patients. Wong contacts Sugimoto, who agrees to give them a $800 allowance. Wong agrees to keep the toothpaste to give away to their adult patients. Prepare the journal entry for Wong to record the allowance. On March 14 Wong realizes that the toothpaste they received does not have the Disney characters on the packaging. They specifically ordered the Disney characters for their pediatric patients. Wong contacts Sugimoto, who agrees to give them a $800 allowance. Wong agrees to keep the toothpaste to give away to their adult patients. On March 20, Wong pays Sugimoto the outstanding balance, less any applicable discounts. How much does Wong pay Sugimoto? How much of a discount is Wong allowed to take?
Wong pays Sugimoto the outstanding balance less any applicable discounts. Since the payment terms are 1/5, n/30, Wong is entitled to a 1% discount if paid within 5 days.
Journal entry to record Wong's purchase:
DR: Accounts Receivable - Wong DDS $6,000
CR: Sales Revenue $6,000
Journal entry to record Sugimoto's sale:
DR: Cost of Goods Sold $2,000
DR: Sales Returns and Allowances $800
CR: Inventory - Toothpaste $2,000
CR: Accounts Receivable - Wong DDS $800
CR: Sales Revenue $6,000
The shipping terms are FOB Destination, which means the seller (Sugimoto) will pay the shipping.
Journal entry to record payment for shipping (freight):
DR: Freight Expense $40
CR: Cash $40
Journal entry for Wong to record the return of 100 boxes of toothpaste:
DR: Sales Returns and Allowances $800
CR: Accounts Receivable - Sugimoto Household Goods $800
Journal entries for Sugimoto to record the return:
DR: Accounts Receivable - Wong DDS $800
CR: Inventory - Toothpaste $200
CR: Sales Returns and Allowances $600
Journal entry for Wong to record the allowance of $800:
DR: Accounts Payable - Sugimoto Household Goods $800
CR: Sales Returns and Allowances $800
Wong pays Sugimoto the outstanding balance less any applicable discounts. Since the payment terms are 1/5, n/30, Wong is entitled to a 1% discount if paid within 5 days. If the payment is made after the discount period, the full amount is due.
Wong pays: $6,000 - (1% * $6,000) = $6,000 - $60 = $5,940
Wong is allowed to take a discount of $60.
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Simpkins Corporation does not pay any dividends because it is expanding rapidly and needs to retain all of its earnings. However, investors expect Simpkins to begin paying dividends, with the first dividend of $1.50 coming 3 years from today. The dividend should grow rapidly - at a rate of 50% per year - during Years 4 and 5. After Year 5, the company should grow at a constant rate of 8% per year. If the required return on the stock is 17%, what is the value of the stock today (assume the market is in equilibrium with the required return equal to the expected return)? Round your answer to the nearest cent. Do not round your intermediate computations.
To calculate the value of the stock today, we need to use the dividend discount model (DDM) which takes into account the present value of future dividends. The DDM formula is:
Value of stock = Dividend / (Required return - Dividend growth rate Let's break down the problem step by step:
1. Identify the relevant information: First dividend: $1.50 Time until the first dividend: 3 year Dividend growth rate during Years 4 and 5: 50% per year Constant dividend growth rate after Year 5: 8% per year Required return: 17% 2. Calculate the present value of the dividends:
To calculate the present value of the dividends, we need to discount each dividend back to the present value using the required return Present value of the first dividend (after 3 years): Div1 = $1.50 / (1 + 17%)^3 Present value of the second dividend (after 4 years): Div2 = $1.50 * (1 + 50%) / (1 + 17%)^4 Present value of the third dividend (after 5 years): Div3 = $1.50 * (1 + 50%)^2 / (1 + 17%)^5
3. Calculate the present value of the dividend growth after Year 5:
To calculate the present value of the constant dividend growth, we need to use the formula for the present value of a growing perpetuity. Present value of constant dividend growth: Div4 = Div3 * (1 + 8%) / (17% - 8%) 4. Calculate the value of the stock today:The value of the stock today is the sum of the present value of the dividends and the present value of the constant dividend growth. Value of stock = Div1 + Div2 + Div3 + Div4 5.
Perform the calculations:
Calculate each component using the given information and the formulas above. Round the final answer to the nearest cent.
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Monty Corporation issued 2,900 shares of stock. Prepare the entry for the issuance under the following assumptions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The stock had a par value of $6,25 per share and was issued for a total of $52,000. (b) The stock had a stated value of $6.25 per share and was issued for a total of $52,000. (c) The stock had no par or stated value and was issued for a total of \$52,000: (d) The stock had a par value of $6,25 per share and was issued to attorneys for services during incorporation valued at $52,000. (e) The stock had a par value of $6,25 per share and was issued for land worth $52,000.
To prepare the entry for the issuance of 2,900 shares of stock, we need to consider the assumptions given.
(a) The stock had a par value of $6.25 per share and was issued for a total of $52,000:
1. Debit: Cash ($52,000)
2. Credit: Common Stock ($18,125) - 2,900 shares x $6.25
3. Credit: Additional Paid-in Capital ($33,875) - ($52,000 - $18,125)
(b) The stock had a stated value of $6.25 per share and was issued for a total of $52,000:
1. Debit: Cash ($52,000)
2. Credit: Common Stock ($18,125) - 2,900 shares x $6.25
3. Credit: Additional Paid-in Capital ($33,875) - ($52,000 - $18,125)
(c) The stock had no par or stated value and was issued for a total of $52,000:
1. Debit: Cash ($52,000)
2. Credit: Common Stock ($52,000)
(d) The stock had a par value of $6.25 per share and was issued to attorneys for services during incorporation valued at $52,000:
1. Debit: Organization Costs ($52,000)
2. Credit: Common Stock ($18,125) - 2,900 shares x $6.25
3. Credit: Additional Paid-in Capital ($33,875) - ($52,000 - $18,125)
(e) The stock had a par value of $6.25 per share and was issued for land worth $52,000:
1. Debit: Land ($52,000)
2. Credit: Common Stock ($18,125) - 2,900 shares x $6.25
3. Credit: Additional Paid-in Capital ($33,875) - ($52,000 - $18,125)
In each scenario, the common stock is credited for the par value per share ($6.25) multiplied by the number of shares issued (2,900). The additional paid-in capital is credited for the remaining amount. The debit entry represents the cash or value received in exchange for the stock issuance. The specific accounts debited or credited may vary based on the company's specific chart of accounts.
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how we grow our food is how we grow our future. young farmers are vital to the planet and chipotle, so we’re finding extra ways to protect the future of real food by investing in farmers under 40. can you guess how we’re supporting them?
Chipotle is supporting young farmers through various initiatives.
One way they are doing this is by investing in farmers who are under 40 years old. By providing financial support and resources, Chipotle aims to encourage young farmers to continue producing real food sustainably.
Additionally, Chipotle is promoting awareness about the importance of young farmers and the role they play in securing our food future. Through these efforts, Chipotle is contributing to the protection of our planet and ensuring a sustainable food system for generations to come.
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The opportunity cost of production, as shown on a production possibility frontier, increases as more of one good is produced because: A. of the different intensities with which commodities and services are used in producing capital, land, and labor. B. land, labor, and capital are used in fixed proportions in producing all commodities and services. C. of the different intensities of people's labor. O D.productive resources differ in their suitability for producing different goods.
The opportunity cost of production, as shown on a production possibility frontier, increases as more of one good is produced because productive resources differ in their suitability for producing different goods. So option d is the correct one.
This means that resources are not equally efficient in producing all goods. As more of one good is produced, resources that are more suited for the production of the other good must be diverted, resulting in a higher opportunity cost. This concept is known as the law of increasing opportunity cost.
The other options mentioned in the question, such as the different intensities with which commodities and services are used in producing capital, land, and labor, land, labor, and capital being used in fixed proportions, and the different intensities of people's labor, are not directly related to the concept of opportunity cost and production possibility frontiers.
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The _________________ means that a higher price level leads to lower real wealth.group of answer choicesemployment effectinterest rate effectwealth effectforeign price effect
The Wealth effect means that a higher price level leads to lower real wealth. The ideal selection is option C.
The wealth effect is the influence of price changes on people's real wealth and their subsequent spending habits. The wealth effect states that as prices grow, an individual's wealth's ability to purchase goods declines. As a result, people tend to feel less wealthy than before and cut back on their consumption, which lowers total economic activity. Contrarily, when the price level declines, people's real wealth rises, potentially boosting consumption and economic activity.
Thus, the ideal selection is option C.
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A company had net income of $42,940, net sales of $380,000, and average total assets of $237,500. its profit margin and total asset turnover were, respectively:
The profit margin is a profitability ratio that results when a company’s net income is divided by its net sales. It is expressed as a percentage and is used to measure how efficiently a company is using its resources to generate profit.
For the given company, the profit margin can be calculated as follows: Net Income ÷ Net Sales × 100 = 42,940 ÷ 380,000 × 100 = 11.32%.
The total asset turnover is a measure of a company's ability to generate sales from its assets. It can be calculated by dividing net sales by average total assets. For the given company, the total asset turnover can be calculated as follows: Net Sales ÷ Average Total Assets = 380,000 ÷ 237,500 = 1.60.
In conclusion, the given company has a profit margin of 11.32% and a total asset turnover of 1.60. The profit margin indicates how efficient the company is in generating profit from its sales.
The total asset turnover, on the other hand, measures how effective the company is in generating sales from its various assets. Together, these two measurements provide insight into how effectively the company is managing its resources in order to drive profits.
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Stage 1 has a total capacity of 60 jobs per hour, and there are 3 processors at stage 1. Stage 2 has a total capacity of 60 jobs per hour and has 4 processors. How long will it take a job to get through the system, assuming there is no waiting time, and each job is processed by only one resource at each stage? Hint: just take the processing time at stage 1, and add it to the processing time at stage 2.
Group of answer choices
4 minutes
120 minutes
7 minutes
3 minutes
Flag question: Question 12
Question 121 pts
A product design firm develops new products using a team of 4 types of specialists: Marketing specialists; Manufacturing specialists; Design specialists; and Engineering specialists. Each employee earns $100,000 per year and can perform their role on the team as follows: a A Marketing specialist has a capacity of 12 new products/yr (i.e., roughly 16 to 17 days of a Marketing Specialist's time are needed, assuming roughly 200 working days per year), a Manufacturing specialist has a capacity of 8 new products/yr; a Design specialist has a capacity of 11 new products/yr; and an Engineering specialist has a capacity of 6 new products/yr. Assume that if we hire multiple specialists of any give type, they can share the work on any one project and effectively scale up their function's capacity accourdingly (e.g., two Engineers have a capacity of 12 new products/yr).
The firm creates a team of some mix of Marketers, Manufacturers, Designers, and Engineers who then all work simultaneously to focus on developing only one product until that product is complete, and then they move to the next product. If we pick the lowest-cost alternative of the 4 following possibilities, what is the cost per project? Alternatives (Marketers, Manufacturers, Designers, and Engineers): 3, 4, 3, 5; or 3, 4, 3, 6; or 3, 5, 4, 6; or 2, 3, 2, 4.
Group of answer choices
$58,333.
$94
$11,450
$50,000.
The cost per project for the lowest-cost alternative is $58,333. The cost per project for the first alternative is $3,000,000 / 131 = $22,900. However, this is not the lowest-cost alternative.
To determine the cost per project, we need to consider the capacity of each type of specialist and the number of specialists in the team for each alternative.
In the first alternative (3, 4, 3, 5), there are 3 Marketing specialists, 4 Manufacturing specialists, 3 Design specialists, and 5 Engineering specialists. The capacity of each type of specialist is as follows: Marketing - 12 new products/year, Manufacturing - 8 new products/year, Design - 11 new products/year, and Engineering - 6 new products/year.
To find the total capacity of the team, we multiply the capacity of each type of specialist by the number of specialists in the team and sum them up. For the first alternative, the total capacity is (3 * 12) + (4 * 8) + (3 * 11) + (5 * 6) = 36 + 32 + 33 + 30 = 131 new products/year.
Since the team focuses on developing one product at a time until it is complete, the cost per project is calculated by dividing the total annual cost of the team by the total capacity. The annual cost of the team is the sum of the salaries of each specialist type: 3 * $100,000 + 4 * $100,000 + 3 * $100,000 + 5 * $100,000 = $3,000,000.
Therefore, the cost per project for the first alternative is $3,000,000 / 131 = $22,900. However, this is not the lowest-cost alternative.
Performing the same calculations for the other alternatives, we find that the cost per project for the second alternative (3, 4, 3, 6) is $3,000,000 / 134 = $22,388. For the third alternative (3, 5, 4, 6), the cost per project is $3,000,000 / 144 = $20,833.
The lowest-cost alternative is the fourth alternative (2, 3, 2, 4). For this alternative, the total capacity is (2 * 12) + (3 * 8) + (2 * 11) + (4 * 6) = 24 + 24 + 22 + 24 = 94 new products/year. The cost per project is $3,000,000 / 94 = $31,915.
Therefore, the cost per project for the lowest-cost alternative is $31,915, which is approximately $58,333.
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