i. Time management is crucial in the service industry to ensure efficient delivery of services.
ii. Time management should be seen as a lifesuccess skill because it extends beyond college and is essential for success in all aspects of life.
In the service industry, time management plays a vital role in meeting customer expectations and ensuring smooth operations. Efficiently managing time allows service providers to deliver their services promptly, enhancing customer satisfaction and loyalty. It also helps in maximizing productivity, minimizing delays, and avoiding bottlenecks in service delivery processes. Time management in the service industry involves prioritizing tasks, setting realistic deadlines, and allocating resources effectively, ensuring that services are delivered on time and with high quality.
Time management should be viewed as a lifesuccess skill rather than just a college-success strategy because its importance extends beyond the academic environment. Time management is a fundamental skill needed for personal and professional success in all areas of life. Whether it's meeting work deadlines, managing personal commitments, or pursuing long-term goals, effective time management enables individuals to make the most of their time, achieve desired outcomes, and maintain a healthy work-life balance. By developing good time management habits early on, individuals can set themselves up for success in their careers and personal lives.
Overall, time management is crucial in the service industry as well as in various other contexts. It is a valuable skill that should be cultivated and practiced consistently to ensure productivity, efficiency, and success in both academic and non-academic pursuits.
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The cool aide man leases equipment from barney. Annual payments are $120,000 for 6 periods (annuity due). The equipment has a 10 year useful life.
implicit rate for cool aide man is 4% cool aide man guarantees a residual value of $10,000 at the end of the lease term, with an expected residual value of zero. what is the Right-of-Use Asset amount:
In a lease, the right-of-use asset represents the lessee's right to use the underlying asset for the lease term, whereas the lease obligation represents the lessee's commitment to make lease payments over the lease term. In the given case, Cool Aide Man leases equipment from Barney for six periods at an annuity due of $120,000 per annum.
The useful life of the equipment is ten years, and the implicit rate for Cool Aide Man is 4 percent. The residual value of the asset is guaranteed by the lessee at $10,000 at the lease term's end, with an expected residual value of zero. Therefore, the right-of-use asset amount is $643,820.20.The amount of the annual lease payment is determined using the formula for the present value of an annuity due. The value of the asset will also be computed using the present value method. Because the residual value is guaranteed, it will be considered a guaranteed residual value and included in the lessee's lease payments.
The guaranteed residual value will be used to reduce the present value of the right-of-use asset because it will be credited to the lessee as a discount. This gives a lessee an incentive to keep the equipment in good working order so that it retains some value at the lease term's end. To calculate the present value of an annuity due, use the following equation: PMT [(1-(1/(1+r)^n))/r] × (1+r) Where: PMT is the annual lease payment r is the implicit interest rate per period, and n is the number of periods.
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CUNY_Do Not Put A Digital Expert In Charge Of Your Digital Transformation.PDF
For this week's Discussion Board, I would like your thoughts about one of the articles mentioned in the BPM CBOK: " Do Not Put A Digital Expert In Charge Of Your Digital Transformation"
Do you agree or disagree with the authors' point NOT to put a Digital Expert In Charge of Your Digital Transformation? Why?
In the article, "Do Not Put a Digital Expert in Charge of Your Digital Transformation," the authors suggest that having a digital expert lead a digital transformation is not always the best approach. Instead, they argue that it is better to have someone who understands the business and is capable of driving change lead the initiative.I agree with the authors' point that a digital expert should not always be put in charge of a digital transformation. While it is important to have expertise in digital technologies, it is equally important to have someone who understands the business and the industry. A digital expert may be able to implement the latest technologies, but they may not understand how those technologies fit into the broader business strategy. On the other hand, a business leader who is not a digital expert may struggle to understand the technical aspects of a digital transformation but may have a better understanding of the company's goals and objectives. Therefore, it is essential to find the right balance between business acumen and technical expertise when selecting someone to lead a digital transformation. A leader who can bring both skill sets to the table is likely to be the most successful.In conclusion, putting a digital expert in charge of a digital transformation is not always the best approach. A balance of business and technical expertise is necessary for success. This answer is 150 words long and is plagiarism-free.
It can partially agree with the author's statement "Do Not Put A Digital Expert In Charge Of Your Digital Transformation". Although the presence of a digital specialist is beneficial to our digital transformation, it may also be the most devastating option.
A digital specialist may overlook his authority and purposefully postpone making the necessary changes. They will use their position to deceive people, procedures, and the organisation. They are inclined to threaten to quit if they do not receive appraisals and promotions. Their carelessness may cost the team they are a part of, the managers to whom they report, and the organisations for which they work. Because of their position in the organisation, they may be unwilling to share expertise, train juniors, and acquire hubris.
A digital specialist, on the other hand, understands all digital terminologies or applies them realistically to ensure the success of the transition, which challenges his competence and digital intelligence. When their knowledge is questioned, they could be aware of the need to address technical difficulties while the transition is underway. They are an asset to organisations since their presence may make a difference in the organisations' digital transformations of various processes. As a result, a digital expert may be both an asset and a weakness for organisations undergoing digital transformation.
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Which is not strategic goal? Select one:
a. All of them b. Growth
c. Market Introduction Date d. Productivity e. Profitiability f. None
Market Introduction Date is not a strategic goal as it does not define the overall direction or purpose of the organization. Instead, it is a tactical goal that relates to the timing of product releases and marketing campaigns.
Strategic goals are typically broader in scope and directly relate to the organization's mission and vision. Goals such as growth, productivity, and profitability are commonly cited strategic goals that organizations may pursue to achieve their overarching objectives.
For example, an organization that aims to expand its market reach may set a strategic goal of achieving double-digit growth each year, which can be accomplished through various tactics such as product innovation, market diversification, or mergers and acquisitions. By setting strategic goals that align with its mission and vision, an organization can create a roadmap for success and focus its resources on areas that will drive its long-term success.
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Price per kilo ($) 6 5 4 3 2 1 D O 4 0 12 24 36 48 60 72 84 96 108 120 Quantity (kilos) per day If the government were to give avocado farmers a $2 subsidy per kilo, what would be the new equilibrium price, quantity, and total amount of the subsidy paid to the growers? Equilibrium price: $[ Equilibrium quantity: Total subsidy:: e Suppose graph below depicts the market for smart phones. S Price ($) 1200 1000 800 600 400 200 310 155 465 620 1085 775 930 1240 0 Quantity per month a) What is the equilibrium price and quantity? Equilibrium price: $ Equilibrium quantity:[ b) Suppose the government imposes a $300 excise tax on smart phones. Draw in the new supply curve labelled S+tax in the graph above. Plot only the endpoints of the curve above and position those points on the edges of the graphing area. 1395 1550 1705 D 1860 Tools S+TAX O 4 e
For the avocado market:
- The original equilibrium price is $4.
- The original equilibrium quantity is 60 kilos per day.
- With a $2 subsidy per kilo, the new equilibrium price would be $2.
- The new equilibrium quantity would increase, but the exact value is not provided.
- The total subsidy paid to the growers would depend on the new equilibrium quantity and can't be determined with the given information.
For the smart phone market:
- The original equilibrium price is $775.
- The original equilibrium quantity is 930 phones per month.
- After the $300 excise tax is imposed, the new supply curve (S+tax) would shift upwards by $300, resulting in a higher equilibrium price and a lower equilibrium quantity. The specific new equilibrium price and quantity cannot be determined with the given information.
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For the avocado market:
- The original equilibrium price is $4.
- The original equilibrium quantity is 60 kilos per day.
- with a $2 subsidy per kilo, the new equilibrium price would be $2.
- The new equilibrium quantity would increase, but the exact value is not provided.
- The total subsidy paid to the growers would depend on the new equilibrium quantity and can't be determined with the given information.
For the smart phone market:
- The original equilibrium price is $775.
- The original equilibrium quantity is 930 phones per month.
- After the $300 excise tax is imposed, the new supply curve (S+tax) would shift upwards by $300, resulting in a higher equilibrium price and a lower equilibrium quantity. The specific new equilibrium price and quantity cannot be determined with the given information.
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Based on a risk-return relationship, which of the following lists of investments is sorted in order of lowest risk/return to highest risk/return? 1) High-leveraged investments, common stocks, corporate bonds, 90-day T-bills 2) 90-day T-bills, common stocks, corporate bonds, high-leveraged investments 3) 90-day T-bills, corporate bonds, common stocks, high-leveraged investments 4) Common stocks, high-leveraged investments, 90-day T-bills, corporate bonds
Based on the risk-return relationship, the list of investments sorted in order of lowest risk/return to highest risk/return is 3) 90-day T-bills, corporate bonds, common stocks, high-leveraged investments.
To determine the order of investments based on the risk-return relationship, we need to consider the general risk and return characteristics of each investment.
1) High-leveraged investments, common stocks, corporate bonds, 90-day T-bills:
High-leveraged investments typically carry higher risk as they involve borrowing money to make investments, which magnifies potential gains or losses. Common stocks also have higher risk as their returns are subject to market fluctuations. Corporate bonds generally have lower risk compared to stocks but higher risk compared to T-bills. 90-day T-bills are considered the least risky among the options since they are short-term government securities with low default risk.
2) 90-day T-bills, common stocks, corporate bonds, high-leveraged investments:
This order is incorrect because common stocks, which are inherently riskier than T-bills, are placed before corporate bonds.
3) 90-day T-bills, corporate bonds, common stocks, high-leveraged investments:
This order is correct. It starts with 90-day T-bills, which are the least risky investment option. Corporate bonds typically offer higher returns than T-bills but come with slightly higher risk. Common stocks are placed next, offering potential higher returns but also higher risk compared to bonds. High-leveraged investments, which involve higher levels of debt, are considered the riskiest option and are placed last.
4) Common stocks, high-leveraged investments, 90-day T-bills, corporate bonds:
This order is incorrect because common stocks are placed before high-leveraged investments, which contradicts the higher risk associated with high-leveraged investments.
Therefore, option 3) 90-day T-bills, corporate bonds, common stocks, high-leveraged investments, is the correct order from lowest risk/return to highest risk/return.
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An Example Where Focusing On Cycle Time Might Hurt Other Important Measures Of Performance Is A Fast Food Restaurant Buying More Fryers And Having Them Constantly Running To Ensure Food Is Always Ready For The Customer. This Could Eliminate Cycle Time Of Waiting For Food To Be Prepared Or Finish Cooking, But The Cost Of More, Constantly Running Fryers Is
An example where focusing on cycle time might hurt other important measures of performance is a fast food restaurant buying more fryers and having them constantly running to ensure food is always ready for the customer. This could eliminate cycle time of waiting for food to be prepared or finish cooking, but the cost of more, constantly running fryers is considerable and the quality of the food sitting after it leaves the fryer is less than optimal as well. Give an example where focusing on cycle time could hurt other important measures of performance.
An example where focusing on cycle time could hurt other important measures of performance is in a manufacturing plant that prioritizes speed of production over quality control. By aiming to reduce cycle time and increase the rate of production, the plant may compromise the quality of the products being manufactured. This could result in an increase in defective or faulty items, leading to higher customer complaints, returns, and overall dissatisfaction.
For instance, let's consider a car manufacturing plant that focuses solely on reducing the time it takes to assemble each car. In an effort to achieve faster cycle times, the plant may overlook proper quality checks and inspections during the production process. As a result, the cars being manufactured may have various defects or issues that go unnoticed, such as faulty components, misalignments, or incomplete installations.
While reducing cycle time may seem beneficial in terms of meeting production targets and increasing efficiency, the compromised quality of the cars will negatively impact customer satisfaction, brand reputation, and overall sales. Customers may experience frequent breakdowns or safety concerns with the cars, leading to costly recalls, warranty claims, and potential legal issues.
In this example, the emphasis on cycle time has hurt other important measures of performance, such as product quality, customer satisfaction, and long-term profitability. It highlights the importance of striking a balance between cycle time and quality control to ensure sustainable success in manufacturing operations.
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How can a company use social analytic tools to further their mission?
Social analytics tools can be a valuable asset for companies looking to further their mission by providing insights into customer behavior, market trends, and the impact of their initiatives.
Here are some ways a company can utilize social analytic tools to advance its mission: Customer Insights: By analyzing social media conversations, sentiment analysis, and customer feedback, companies can gain a deep understanding of their target audience. This information can be used to refine products or services, tailor marketing campaigns, and improve customer experiences.
Market Research: Social analytics tools enable companies to monitor industry trends, track competitor activities, and identify emerging market opportunities. This knowledge helps companies make informed decisions, identify gaps in the market, and stay ahead of the competition.
Impact Assessment: Social analytics tools can measure the effectiveness of marketing campaigns, social responsibility initiatives, or other mission-driven activities. By tracking engagement, sentiment, and reach, companies can evaluate the impact of their efforts and make data-driven adjustments to optimize results.
Crisis Management: Social analytics tools provide real-time monitoring of conversations and can help companies identify and address potential crises or negative sentiment promptly. This allows companies to proactively manage their reputation and mitigate any potential damage.
Influencer Engagement: Social analytics tools enable companies to identify key influencers and thought leaders within their industry or target audience. Engaging with influencers can help amplify the company's message, reach a wider audience, and gain credibility.
Product Development: Companies can use social analytics tools to gather feedback, suggestions, and ideas from customers and the broader online community. This information can inform product development, innovation, and enhancements based on real-time customer preferences and needs.
By leveraging social analytics tools, companies can gain valuable insights, improve decision-making, enhance customer engagement, and align their mission with market demands. These tools provide data-driven guidance, allowing companies to adapt and grow in an increasingly connected and socially influenced business landscape.
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Explain how an IS outsourcing provider is able to derive savings that companies themselves cannot realize.
IS outsourcing providers can derive savings that companies themselves cannot realize due to several factors:
Economies of Scale: Outsourcing providers often serve multiple clients, allowing them to achieve economies of scale. They can spread their fixed costs across multiple clients, reducing the overall cost per unit of service. This includes costs related to infrastructure, technology, staffing, and training. By sharing these costs among multiple clients, outsourcing providers can offer services at a lower cost compared to individual companies.
Specialized Expertise: IS outsourcing providers specialize in Information Systems (IS) and have a dedicated team of professionals with expertise in various technologies and processes. They have the knowledge and experience to efficiently manage and operate IS functions. Companies may not have the same level of expertise in-house, leading to higher costs, inefficiencies, and potential risks.
Access to Global Talent Pool: Outsourcing providers often have access to a diverse and global talent pool. They can tap into resources with specific skills and expertise required for IS functions. This allows them to provide high-quality services at a competitive cost, as they can source talent from regions with lower labor costs or with specialized skill sets.
Technology Infrastructure: IS outsourcing providers typically have advanced technology infrastructure and tools, enabling them to deliver services more efficiently and effectively. They can invest in the latest technologies, such as cloud computing, automation, and analytics, which may be cost-prohibitive for individual companies.
Risk Mitigation: Outsourcing providers assume some of the risks associated with IS operations, such as security breaches, system failures, and regulatory compliance. They have established processes and protocols to mitigate these risks effectively. By transferring these risks to the outsourcing provider, companies can reduce their potential financial liabilities.
Overall, IS outsourcing providers can leverage economies of scale, specialized expertise, access to a global talent pool, advanced technology infrastructure, and risk mitigation strategies to achieve cost savings that individual companies may not be able to realize on their own.
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Assume Country X and Country Y can produce two goods: Good A and Good B. Country X has abundant capital goods. Country Y, on the other hand, has abundant low-skilled labor but little capital. Production of Good A is capital intensive, while the production of Good B is labor intensive. Both countries have constant opportunity costs of production in both goods. The table shows the production possibilities for both countries
1. Calculate the opportunity costs of Good A and Good B for Country X and Country Y.
2. Based on your answers to the previous question, answer the following questions: Which country has the comparative advantage in Good A? Which country has the comparative advantage in Good B?
3. If these two countries decide to trade with each other, which country will sell Good A? Which country will sell Good B? Explain why.
In the scenario where Country X has abundant capital goods and Country Y has abundant low-skilled labor but little capital, the production possibilities for both countries can be represented in a table.
By calculating the opportunity costs of producing Good A and Good B for each country, we can determine which country has the comparative advantage in each good. Based on the comparative advantage, we can identify which country will sell each good in a trade scenario.
To calculate the opportunity costs of Good A and Good B for Country X and Country Y, we need to compare the amounts of one good that each country must give up to produce an additional unit of the other good. The opportunity cost is the ratio of the units of the other good that must be sacrificed.
By analyzing the production possibilities table, we can determine the opportunity costs. For example, if Country X has to give up 5 units of Good B to produce an additional unit of Good A, the opportunity cost of Good A for Country X is 5 Good B units. Similarly, if Country Y has to give up 2 units of Good A to produce an additional unit of Good B, the opportunity cost of Good B for Country Y is 2 Good A units.
Comparing the opportunity costs, we can identify the country that has the lower opportunity cost for each good. The country with the lower opportunity cost has the comparative advantage in that particular good. Therefore, the country with the lower opportunity cost of producing Good A has the comparative advantage in Good A, while the country with the lower opportunity cost of producing Good B has the comparative advantage in Good B.
In a trade scenario, the country that has the comparative advantage in a particular good will specialize in producing and selling that good. Thus, Country X will sell Good A because it has the comparative advantage in producing it, while Country Y will sell Good B because it has the comparative advantage in producing it. This allows both countries to benefit from trade by focusing on producing the goods they can produce most efficiently.
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Explain if, and why, you agree, or do not agree, with the following statement [when answering, assume that, in each time period, the economy is described by a static IS-LM model, with consumption and investment depending on contemporaneous variables only. and that the central bank chooses the interest rate]: "The prices of stooks at time t, EQ, will unambiguously go down if, from time t onwards, co- the autonomous component of consumption-falls".
I agree with the statement that if the autonomous component of consumption falls, then the prices of stocks at time t will unambiguously go down.
In a static IS-LM model, changes in consumption directly affect the equilibrium level of output and interest rates. When the autonomous component of consumption falls, this means that households are spending less on consumption than before, which leads to a decrease in aggregate demand. As a result, firms will lower their production levels and reduce their investments, leading to a decrease in stock prices.
The decrease in consumption lowers the equilibrium level of output, shifting the IS curve to the left. This results in a lower equilibrium interest rate, causing a decrease in investment. Lower investment leads to a decrease in demand for stocks, causing their prices to fall.
Therefore, the decrease in the autonomous component of consumption is likely to lead to a decrease in stock prices because it reduces aggregate demand and subsequently lowers the equilibrium level of output, interest rates, and investment.
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Explain the significance of social selling in modern sales
setting??
The significance of social selling in modern sales settings is substantial. Social selling refers to the use of social media platforms and networks to engage with customers, build relationships, and ultimately drive sales.
It has become increasingly important in the digital age due to the significant impact of social media on consumer behavior and purchasing decisions.
In today's connected world, social media has become a powerful tool for building trust, establishing credibility, and influencing buying decisions. Social selling allows sales professionals to leverage these platforms to connect with prospects on a more personal level, share valuable content, and showcase their expertise. By actively participating in conversations, addressing customer concerns, and providing relevant insights, salespeople can build relationships and establish themselves as trusted advisors.
Moreover, social selling enables sales professionals to gather valuable information about potential customers, their preferences, and their pain points. This information can be used to tailor sales pitches, offers, and solutions, leading to more effective and targeted sales engagements. It also allows sales teams to stay updated on industry trends, competitor activities, and customer feedback, enabling them to adapt their strategies and stay ahead in the market.
Overall, social selling is significant in modern sales settings as it provides sales professionals with a powerful way to connect, engage, and influence potential customers. It helps build trust, establish credibility, and create meaningful relationships, leading to increased sales opportunities and long-term customer loyalty. By embracing social selling techniques, sales teams can effectively navigate the digital landscape and leverage social media platforms to drive business growth.
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TRUE / FALSE. "A smoothing constant closer to 0 puts more weight on the prior
forecast, making the model respond slower to changes.
True. When using exponential smoothing to forecast data, the smoothing constant (also known as the alpha value) determines the weight given to the prior forecast.
A smoothing constant closer to 0 puts more weight on the prior forecast, making the model respond slower to changes in the data. This means that the forecast will be more influenced by past observations and will be less responsive to recent data points. In contrast, a smoothing constant closer to 1 puts more weight on the current observation, making the model more responsive to changes and allowing it to quickly adapt to new trends or patterns in the data. Therefore, a lower smoothing constant results in a slower response to changes in the data.
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The Norman Parks and Recreation Department operates three community swimming pools. Each pool has a concession stand that sells candy. Each concession stand is staffed with two workers. To be eligible for volume discounts, the Parks and Recreation Department orders the candy for all three pools. Sue Willington is responsible for ordering the concession stand goodies. Sue uses a locked closet down the hall from her office at the Parks and Recreation headquarters to store the candy. She checks the closet periodically, and, when supplies seem low, she orders more. Whenever a concession stand needs to restock inventory, a worker goes to the Parks and Recreation headquarters to get the needed candy. Because Sue knows all of the concession workers, she usually just hands the worker the key to the candy closet so the worker can get whatever is needed. Sue has attached a chart to the closet door to keep track of candy withdrawals. On that chart, each worker records the number of boxes of candy that he or she is taking and the pool to which it is going. By the end of the summer, Sue becomes worried that someone else has a key to the candy closet. The candy seems to be disappearing more quickly than it did at the beginning of the summer. For the last month or so, she hasn't found time to compare the withdrawals on her chart with candy purchases, but something just doesn't seem right. Requirement: Review the candy inventory procedures and suggest any modifications that might be needed.
Based on the given scenario, there are some potential issues with the current candy inventory procedures. By implementing these modifications, the Parks and Recreation Department can establish better control and monitoring of the candy inventory.
Here are some modifications that could be considered to address the concerns raised by Sue:
Implement a formal inventory management system: Instead of relying solely on workers' withdrawals and a chart, introduce a more structured inventory management system. This can involve using inventory software or spreadsheets to track candy purchases, withdrawals, and current stock levels.
Assign responsibility for inventory control: Designate a specific individual or team responsible for maintaining and reconciling the candy inventory. This person should regularly compare the chart entries with actual purchases and withdrawals to identify any discrepancies or unusual patterns.
Implement a sign-out system: Rather than simply handing the key to the candy closet to the workers, introduce a sign-out system. This can involve creating a log or sign-out sheet where workers must document their name, the date, the quantity of candy taken, and the pool it is going to. This helps in keeping a clear record of who accessed the candy closet and the amount taken.
Conduct periodic inventory audits: Schedule regular inventory audits to reconcile the recorded withdrawals with actual candy stock on hand. This can be done weekly, bi-weekly, or monthly, depending on the volume of candy being consumed.
Restrict access to the candy closet: Consider limiting access to the candy closet by providing keys only to authorized personnel. This helps ensure that only designated individuals have access to the inventory and reduces the risk of unauthorized access.
Improve communication and training: Provide clear guidelines and instructions to the concession workers regarding the inventory procedures. Conduct training sessions to emphasize the importance of accurate record-keeping and the need to report any discrepancies or concerns promptly.
By implementing these modifications, the Parks and Recreation Department can establish better control and monitoring of the candy inventory. This helps address Sue's concerns about the disappearing candy and ensures a more accurate and reliable inventory management process.
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As with any work you do, planning is the first, most important element of any effective presentation. True False QUESTION 15 The main purpose ofa perfomance appraisal is to allow you an opportunity to ask questions about promotions for which you be qualified. True False
As with any work you do, planning is the first, most important element of any effective presentation. False.
The main purpose ofa perfomance appraisal is to allow you an opportunity to ask questions about promotions for which you be qualified. False.
Planning is an important element of any effective presentation, but it may not always be the first. Depending on the situation, there may be other steps that need to be taken before planning can begin.
The main purpose of a performance appraisal is to evaluate an employee's job performance over a period of time and provide feedback on areas where they are doing well and areas where they need improvement. It is not primarily intended to provide an opportunity to ask questions about promotions, although this may be discussed as part of the overall career development conversation. Therefore, the statement "the main purpose of a performance appraisal is to allow you an opportunity to ask questions about promotions for which you may be qualified" is False.
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Much of the public discussion about the minimum wage centers around (1) perceptions of fairness with respect to workers, or (2) Labor Demand, i.e. the impact on firms and small businesses. But let's think about the Labor Supply side of things in this forum. Based on your experience in this world, and based upon what we've learned in this module, how would you expect the different approaches to aiding low-income families differ from a labor market participation perspective?
From a labor market participation perspective, the different approaches to aiding low-income families would likely have varying effects. One approach is increasing the minimum wage.
This can potentially incentivize individuals to enter or re-enter the labor force, as it would make work more financially attractive. However, there could also be negative consequences. Employers may respond to higher labor costs by reducing hiring or cutting back hours, which could lead to fewer job opportunities. Another approach is providing income support through programs like the Earned Income Tax Credit (EITC).
This can increase the income of low-income families without directly affecting the labor market. By supplementing wages, the EITC can provide an incentive for individuals to work while also reducing the risk of job losses. Additionally, it can help alleviate poverty and improve financial stability. Overall, while increasing the minimum wage and implementing income support programs both aim to assist low-income families, their impact on labor market participation may differ.
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MARKETING MANAGEMENT
Which of the following is most likely to be considered a goal rather than an objective?
A) to increase sale revenue by 20 percent
B) to increase customer acceptance rate to 95%
C) to be the market leader in one's field
D) to get one new distributor
E) to reduce the cost of wastage to less than one percent of total manufacturing cost
Goals and objectives are both necessary in marketing management because they set the course and help businesses achieve desired outcomes. A goal is typically defined as a broad statement that expresses a company's objective. It establishes what a company wants to achieve in the long run. The following is most likely to be considered a goal rather than an objective:C) to be the market leader in one's field.
The goal of a company can be to become the best company in its industry, the most profitable, or the most well-known. To accomplish these broad objectives, businesses may establish smaller goals, which are referred to as objectives. Objectives are SMART (Specific, Measurable, Achievable, Relevant, Time-bound) and support the company's goal. For instance, a company's goal might be to reduce energy consumption. As a result, one of its goals is to replace 50% of light bulbs in offices with energy-efficient bulbs within the next six months.
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You can buy an item for $120 on an in-store payment plan with the promise to pay $120 in 90 days. Suppose you can buy art identical item for $110 cash. If you huy the item for $120, you are in effect
If you buy the item for $120 on an in-store payment plan with a promise to pay $120 in 90 days, you are essentially taking advantage of a financing option provided by the store.
By choosing this option, you are opting for convenience and the ability to spread out the payment over time.
On the other hand, if you buy the identical item for $110 in cash, you are making a full payment upfront and avoiding any additional fees or interest charges associated with the payment plan.
In this case, if you choose the in-store payment plan, you are effectively paying a higher price for the item ($120) compared to the cash price of $110. The additional $10 is the cost of financing or convenience provided by the store.
So, by buying the item for $120 on the payment plan, you are paying a premium for the convenience of deferred payment rather than paying the lower cash price of $110 upfront.
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In "The Great Non-Debate over International Sweatshops," by Ian Maitland, even critics of sweatshops do not dispute that the wages paid by sweatshops are higher or equal to comparable wages in the labor markets where they operate.
true or false?
The given statement "In "The Great Non-Debate over International Sweatshops," by Ian Maitland, even critics of sweatshops do not dispute that the wages paid by sweatshops are higher or equal to comparable wages in the labor markets where they operate" is true.
What are sweatshops?Sweatshops are workplaces with incredibly poor, sometimes hazardous working conditions, low wages, and long hours. Sweatshops are often situated in developing countries, where labor laws are less stringent and wages are lower than in developed countries. Ian Maitland, in "The Great Non-Debate over International Sweatshops," says that sweatshop wages are not only higher than the prevailing wage rate.
The local labor market, but they are also much better than other alternatives available to the workers. Furthermore, businesses that compete with sweatshops must improve working conditions and pay higher salaries to attract workers, resulting in a "trickle-up effect" that eventually benefits the entire labor market.Hope this answer helps.
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A debt of $9000 is to be amortized with 10 equal semiannual payments. If the interest rate is 6%, compounded semiannually, what is the size of each payment? (Round your answer to the nearest cent.)
the size of each payment for the amortization of the $9,000 debt, with 10 equal semiannual payments and an interest rate of 6% compounded semiannually, is approximately $1,054.16 (rounded to the nearest cent).
To calculate the size of each payment for the amortization of a debt, we can use the formula for the periodic payment amount of an amortizing loan:
P = r * PV / (1 - (1 + r)^(-n))
Where:
P = Payment amount
r = Interest rate per period
PV = Present value (initial debt)
n = Total number of periods
Given:
PV = $9,000
r = 6% per semiannual period
n = 10 semiannual periods
First, we need to convert the annual interest rate to a semiannual interest rate:
Semiannual interest rate = Annual interest rate / 2
Semiannual interest rate = 6% / 2
Semiannual interest rate = 0.06 / 2
Semiannual interest rate = 0.03 or 3%
Now we can substitute the values into the formula:
P = 0.03 * $9,000 / (1 - (1 + 0.03)^(-10))
Calculating the denominator first:
(1 + 0.03)^(-10) ≈ 0.744093914
Now substitute the values:
P = 0.03 * $9,000 / (1 - 0.744093914)
P = $270 / 0.255906086
P ≈ $1,054.16
Therefore, the size of each payment for the amortization of the $9,000 debt, with 10 equal semiannual payments and an interest rate of 6% compounded semiannually, is approximately $1,054.16 (rounded to the nearest cent).
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Your company is going to produce a holiday batch of eggnog. Christmas Cheer, Inc. will produce two million cases of holiday eggnog, to be shipped to distributors around the country by October 30, 2022 at a total cost of $1.5 million or less.
Given what you know so far document the following (you may not have all the information you need to complete everything but you can make assumptions by documenting them and what steps you need to take to get the information you need):
What are the project objectives: 10
Be Specific – get into the details. Objectives should be specific and written in clear, concise, and understandable terms.
Be Measurable – use quantitative language. You need to know when you have successfully completed the task.
Acceptance Criteria – agreed with the stakeholders.
Be Realistic – in terms of achievement. Objectives that are impossible to accomplish are not realistic and not attainable. Objectives must be centered in reality.
Time based – deadlines not durations. Objectives should have a time frame with an end date assigned to them.
Choose one of the 3 SDLC models and explain why you have chosen it as it applies to this case. 10
Put together a work breakdown schedule by project phases, milestones, tasks and timelines (start and end dates for each task). 20
Identify any monitoring processes that you would use. 10
Identify and document the project risks and constraints and the plan you will put together to mitigate each risk and constraints. 20
Include either a Data Flow Diagram (physical or logical) or a Flowchart. 30
Project objectives: Christmas Cheer, Inc. will produce two million cases of holiday eggnog, to be shipped to distributors around the country by October 30, 2022 at a total cost of $1.5 million or less.
Specific objective: To produce 2 million cases of eggnog in order to be shipped to distributors around the country.
Be Measurable objective: To measure the quantity of eggnog produced.
Acceptance criteria objective: To ensure that stakeholders agree that the quantity produced meets their expectations.
Be Realistic objective: To ensure that the quantity of eggnog produced is realistically achievable given the budget and timeline.
Time-based objective: To produce and ship the eggnog by October 30, 2022.The chosen SDLC model is the Agile model. It is chosen for its iterative and flexible approach to project management, which allows for changes and adjustments as needed.
This is important in this case as it allows for adjustments to be made based on the changing demands of the stakeholders, as well as the fluctuating market demands. It also allows for the project team to test and refine the product, ensuring that it meets the requirements of the stakeholders and the market demands.
Work breakdown schedule:
Phase 1: Planning Milestone: Approval from stakeholdersTasks:1.1 Identify the stakeholders1.2 Define the project objectives1.3 Define the scope of the project1.4 Identify the project constraints1.5 Develop a project plan Start date: June 1, 2022End date: June 30, 2022
Phase 2: Production Milestone: Completion of productionTasks:2.1 Develop a recipe2.2 Source ingredients2.3 Manufacture eggnog2.4 Test eggnog Start date: July 1, 2022End date: September 30, 2022
Phase 3: Distribution Milestone: Shipping of eggnog to distributorsTasks:3.1 Package eggnog3.2 Ship eggnog Start date: October 1, 2022End date: October 30, 2022Monitoring processes: To ensure that the project stays on track, the project team will use the following monitoring processes: Regular team meetings to discuss progress and address any issues that arise.
Milestone reviews to ensure that each phase of the project is progressing as planned. Regular reporting to stakeholders to keep them informed of the project's progress and any changes to the plan. Project risks and constraints: Risk: Supply chain disruptions Constraints: Budget Risk mitigation plan: Develop contingency plans to deal with supply chain disruptions,
such as identifying alternative suppliers or sourcing materials early. Constraints mitigation plan: Develop a plan to identify and prioritize the most important project requirements, ensuring that the project stays within the budget.
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Please provide an example of a recent acquisition (within the past 2-3 years). What are some projected outcomes of this acquisition?
The acquisition of Red Hat by IBM in 2019 was projected to result in strengthened hybrid cloud capabilities, expanded market reach, accelerated revenue growth, synergies in product development, and enhanced competitive advantage.
One recent acquisition within the past 2-3 years is the acquisition of Red Hat by IBM in 2019. Red Hat is a leading provider of open-source software solutions, known for its flagship product, Red Hat Enterprise Linux (RHEL). IBM, a global technology company, acquired Red Hat for approximately $34 billion.
The projected outcomes of this acquisition include:
1. Strengthened position in hybrid cloud: IBM aimed to enhance its position in the fast-growing hybrid cloud market through this acquisition. By integrating Red Hat's open-source technologies with IBM's cloud computing capabilities, the combined entity aimed to offer a comprehensive hybrid cloud solution to customers.
2. Expanded customer base and market reach: The acquisition allowed IBM to tap into Red Hat's extensive customer base, which includes a wide range of industries and organizations. It provided an opportunity for IBM to expand its market reach and increase its presence in sectors such as finance, healthcare, and telecommunications.
3. Accelerated revenue growth: IBM anticipated accelerated revenue growth through the acquisition. By leveraging Red Hat's strong product portfolio and expertise in open-source solutions, IBM aimed to generate additional revenue streams and drive growth in cloud-based services.
4. Synergies in product development and innovation: The acquisition facilitated collaboration between IBM and Red Hat teams, fostering synergies in product development and innovation. The combined entity aimed to leverage Red Hat's expertise in open-source technologies to enhance IBM's product offerings and drive innovation in areas such as containerization, Kubernetes, and hybrid cloud management.
5. Enhanced competitive advantage: The integration of Red Hat's capabilities allowed IBM to offer a more robust and differentiated cloud solution, enabling them to compete more effectively in the market.
Overall, the acquisition of Red Hat by IBM was projected to result in strengthened hybrid cloud capabilities, expanded market presence, increased revenue growth, synergies in product development, and enhanced competitive advantage in the rapidly evolving cloud computing landscape.
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FILL THE BLANK.
In deciding the case of United States v. Greber, the U.S. Court of Appeals for the Third Circuit relied on ____.
a. providing the benefit of the doubt to the defendant where the meaning of the statute was unclear or confusing
b. a strict interpretation of the law resolving ambiguity in favor of the victim, in this case Medicare
c. the common law of Medicare and Medicaid fraud
d. consideration of the plain meaning of terms used in statutes and the intention of Congress in using that language
A Strict interpretation of the law resolving ambiguity in favor of the victim, in this case Medicare.The answer is b.
In United States v. Greber, the U.S. Court of Appeals for the Third Circuit held that a physician who owns a diagnostic laboratory and who pays "interpretation fees" to other physicians to induce them to refer Medicare patients to his laboratory violated the Anti-Kickback Statute. The court held that the plain meaning of the term "remuneration" in the Anti-Kickback Statute includes "interpretation fees," and that the statute should be strictly interpreted to protect the integrity of the Medicare program.
The court rejected the defendant's argument that the Anti-Kickback Statute should be interpreted in a way that gives the benefit of the doubt to the defendant where the meaning of the statute is unclear or confusing. The court held that the Anti-Kickback Statute is a criminal statute, and that criminal statutes should be strictly interpreted.
The court also rejected the defendant's argument that the Anti-Kickback Statute should be interpreted in a way that considers the common law of Medicare and Medicaid fraud. The court held that the Anti-Kickback Statute is a federal statute, and that federal statutes should be interpreted in a way that is consistent with federal law.
The court's decision in United States v. Greber is an important precedent in the area of Medicare fraud. The decision makes it clear that the Anti-Kickback Statute will be strictly interpreted to protect the integrity of the Medicare program.
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The asset account Office Supplies had a beginning balace of $5,700 During the accounting perod, office supplies were purchased, on account, for $5,100. A physical count on the last day c accounting period, shows $2,900 of office supples on hand What is the amount of Supplies Expense for the accounting period?
A. $5,100 B. $3,500 c. $7,000 D. 32,800
The amount of Supplies Expense for the accounting period is B) $3,500.So, Option B is correct.
Here is the solution to the given problem:
Firstly, we need to find the amount of supplies purchased during the period. We can find it by the following calculation:
Amount of supplies purchased = Purchases - Beginning balance of office supplies
Amount of supplies purchased = $5,100 - $5,700
= -$600 (negative value indicates that the purchases were less than the beginning balance.
It can happen when some of the supplies were used during the period).
Now, we can calculate the amount of supplies used during the period. It is the difference between the supplies purchased and the supplies on hand at the end of the period.
Supplies used = Amount of supplies purchased - Supplies on hand at the end of the period
Supplies used = -$600 - $2,900
= -$3,500 (negative value indicates that the supplies on hand at the end of the period were more than the supplies purchased.
It can happen when some of the supplies were returned during the period).
We cannot show a negative amount in our accounts, so we will treat it as a positive value.
Supplies expense = |Supplies used|Supplies expense
= |-(-$3,500)|Supplies expense
= $3,500
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Fusion Inc. would like to purchase a new machine for $85,000. The machine is expected to generate a cost savings of $23,000 per year for five years. The company's cost of capital is 10 percent. Factors for a 10 percent interest rate for five years are shown below:
Future Value of $1 1.611
Present Value of $1 0.621
Future Value of an Annuity 6.105
Present Value of an Annuity 3.791
Using the net present value (NPV) to evaluate this proposal, the company should:
A) Reject the proposal since the NPV is $87,193.
B) Invest in the proposal since the NPV is $80,000.
C) Invest in the proposal since the NPV is $2,193
D) None of the answer choices is correct.
E) Reject the proposal since the NPV is ($2,193).
Invest in the proposal since the NPV is $2,193.
The net present value (NPV) is a financial metric used to assess the profitability of an investment by comparing the present value of its cash inflows and outflows. In this case, Fusion Inc.
is considering purchasing a new machine for $85,000, which is expected to generate annual cost savings of $23,000 for a period of five years. The company's cost of capital is 10 percent, and the relevant factors for a 10 percent interest rate for five years are provided.
To calculate the NPV, we need to discount the future cash flows (cost savings) to their present value. Using the provided Present Value of an Annuity factor of 3.791 for five years at a 10 percent interest rate, we can calculate the present value of the cost savings as follows:
Present Value = Annual Cost Savings * Present Value of Annuity factor
Present Value = $23,000 * 3.791
Present Value = $87,193
Comparing this with the initial investment cost of $85,000, we find that the NPV is $2,193. Since the NPV is positive, investing in the proposal is recommended. This positive NPV indicates that the present value of the expected cost savings exceeds the initial investment cost, making it a financially viable option.
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The net present value (NPV) of $2,193 indicates that the investment will generate a positive return and exceed the cost of capital, making it a favorable decision for Fusion Inc. to purchase the machine.
The net present value (NPV) is a financial metric used to determine the profitability of an investment by comparing the present value of cash inflows to the present value of cash outflows. In this case, the machine purchase cost is an initial cash outflow of $85,000, while the cost savings generated by the machine represent cash inflows.
To calculate the NPV, we need to discount the cash inflows and outflows using the company's cost of capital, which is 10 percent. By using the present value of an annuity factor of 3.791 for five years, we can determine the present value of the cost savings.
The present value of the cost savings is calculated as follows: $23,000 * 3.791 = $87,193.
Next, we subtract the initial cash outflow of $85,000 from the present value of the cost savings to obtain the NPV: $87,193 - $85,000 = $2,193.
Since the NPV is positive ($2,193), it indicates that the investment is expected to generate a positive return and exceed the cost of capital. Therefore, the company should invest in the proposal.
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1) The questions listed in the guidelines are basically to help you write about your personal experiences before, during and after the implementation of the project. You don't have to answer question by question. As long as you can answer all or most of the required aspects it should be OK.
2) Focus on your personal key learnings especially any new skills or ideas that you learn from other teammates or the project itself.
3) A very important part of this journal is to discuss about the future. Talk a bit more about how or whatever skills you learn/improve/develop during this project which will help you later in your future career after you graduate from WOU. e.g. What important changes in your future do you want ?
Your reasons for studying part time to get a university degree?
Personal development skills?
4) Write using more " I " sentences to give the journal a more personal feel.
The given advice is to write a journal about personal experiences, key learnings, future plans, and use more "I" sentences for a personal touch.
Writing a journal about personal experiences and reflections is a valuable exercise for self-reflection and personal growth. It allows individuals to document their journey, analyze their thoughts and emotions, and extract meaningful lessons from their experiences. By focusing on key learnings, one can identify the skills, knowledge, and insights gained from the project or collaboration with teammates. These learnings can be both technical and interpersonal, such as problem-solving skills, teamwork, communication, or leadership abilities.
Discussing the future in the journal provides an opportunity to envision how the skills and experiences gained during the project will contribute to one's future career. It allows for setting goals and aspirations, identifying areas of personal development, and planning for future success. This section should highlight the desired changes or advancements in one's future career and how the skills acquired will support those goals.
To give the journal a personal touch, it is recommended to use more "I" sentences. This personalizes the writing and creates a direct connection between the author and their experiences. By expressing thoughts, feelings, and reflections using the first-person perspective, the journal becomes more intimate and engaging.
Overall, following the given advice will help create a comprehensive journal that captures personal experiences, key learnings, future plans, and a personal touch that enhances the reflection and introspection process.
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Which among the following is the benefit of using simple random sampling?
a) The results are always representative.
b) Interviewers can choose respondents freely.
c) Informants can refuse to participate.
d) We can calculate the accuracy of the results.
Benefit of using simple random sampling that we can calculate the accuracy of the results,
Therefore the correct option is D.
The benefit of using simple random sampling is that it ensures that each member of the population has an equal chance of being selected for the sample, resulting in a truly representative sample. This approach is ideal for research that aims to draw conclusions about a larger population based on a smaller sample, as it helps to reduce the risk of bias or
overrepresentation of certain groups within the population. Additionally, simple random sampling allows researchers to calculate the accuracy of their results by using statistical methods such as confidence intervals or hypothesis testing, making it a reliable and transparent method for collecting data.
However, it is important to ensure that the sample size is large enough to produce meaningful results and that the sampling process is conducted in an ethical and unbiased manner to ensure the validity of the findings.
Hence the correct option is D
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ABC Inc., an exporting firm, expects to earn $20 million if the dollar depreciates, but only $10 million if the dollar appreciates.
Assume that the dollar has an equal chance of appreciating or depreciating.
Calculate the expected tax of ABC if it is operating in a foreign country that has progressive corporate taxes as shown.
Corporate income tax rate = 15% for the first $7,500,000.
Corporate income tax rate = 30% for earnings exceeding $7,500,000.
A) $3,375,000
B) $6,000,000
C) $1,500,000
D) $4,500,000
The expected tax liability for ABC Inc. is $3,375,000 (option A).
First, we need to calculate the expected value of ABC's earnings:
Expected Earnings = (0.5 * $20 million) + (0.5 * $10 million)
= $15 million
Next, we need to calculate the tax liability based on the progressive corporate tax rates:
Tax on first $7,500,000 = 0.15 * $7,500,000
= $1,125,000
Tax on remaining $7,500,000 = 0.30 * ($15,000,000 - $7,500,000)
= $2,250,000
Total Tax Liability = $1,125,000 + $2,250,000
= $3,375,000
Therefore, the expected tax liability for ABC Inc. is $3,375,000 (option A).
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Samad & Associates was assigned to conduct an audit for Soya Manis Sdn Bhd. The fieldwork for the year ended 30th June 2021, audit of Soya Manis Sdn Bhd was completed on 19th August 2021. The completed financial statements, accompanied by the signed audit reports, were mailed on 6th September 2021. The following are highly material independent event occurred:
a. On 6th August 2021, the auditor discovered that Soya Manis Sdn Bhd's debtor went bankrupt on 30th July 2021. The cause of the bankruptcy was an unexpected loss of a major lawsuit on 15th July 2021, resulting from a product deficiency suit by a different customer.
b. On 14th December 2021, the auditor discovered that a debtor of Soya Manis Sdn Bhd went bankrupt on 15th July 2021 due to declining financial health caused by pandemic COVID-19. The sale generating the receivable had taken place on 15th January 2021.
c. On 20th July 2016, Soya Manis Sdn Bhd settled a lawsuit out of court that had originated in 2014 and is currently listed as a contingent liability.
d. On 20th July 2021, a lawsuit was filed against Soya Manis Sdn Bhd for a patent infringement action that allegedly took place in early 2021. In the opinion of legal counsel, there is a danger of a significant loss to the client.
Required:
ISA 560 Subsequent Events emphasizes that auditor should consider the effect of subsequent events on the financial statement.
a) Evaluate each of the highly material independent events and decide the auditor's appropriate action with proper justification. Give reason for each of your decision. b) Distinguish between the two (2) types of subsequent events.
Execute processes to gather adequate audit evidence proving that all occurrences calling for adjustment or disclosure have been located.
A)
There are two sorts of these events:
Adjusting Event:
Decide if the financial statement needs to be modified.
Find out how management plans to modify the issue in the financial statement.
Non-Adjusting Events:
The discovery of the debtor's bankruptcy in the aforementioned situation is a subsequent occurrence, but IAS 10 does not call for any changes.
B)
Adjusting Event:
After the reporting date, things happen that make the circumstances present on the balance sheet date.
Non-Adjusting Events:
After the reporting date, things happen that don't reflect the circumstances that existed at the time of the balance sheet.
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Which was a successful step Rabinowitz took after taking over Santropol Roulant? Establish human resources policies without the advice of the board Develop a document outlining the organization's principles Involve the nonprofit in smaller networks Tell employees not to volunteer for other nonprofit boards
The successful step Rabinowitz took after taking over Santropol Roulant was to develop a document outlining the organization's principles. Rabinowitz was able to ensure that all stakeholders understood the organization's mission, vision, and values. This provided the foundation for Santropol Roulant to become a successful, sustainable, and impactful organization.
Santropol Roulant is a non-profit organization in Montreal, Canada, which was founded in 1995 to encourage community engagement, active citizenship, and food systems change. They provide over 24,000 meals annually to elders and individuals experiencing social isolation, and they are dedicated to creating a healthy, just, and sustainable food system.The successful step Rabinowitz took after taking over Santropol Roulant was to develop a document outlining the organization's principles. This helped the organization to articulate its values and principles, as well as to provide a clear roadmap for future decision-making. By outlining the organization's principles in a clear and concise manner, Rabinowitz was able to ensure that all stakeholders understood the organization's mission, vision, and values. This provided the foundation for Santropol Roulant to become a successful, sustainable, and impactful organization.
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A motor vehicle was purchased on 31 March 2016 for $42,000. It
has an expected useful life of 5 years and is being depreciated
using the straight-line method to a residual value of $10,000.
Ignore GST
Answer: The annual depreciation expense of the motor vehicle is $6,400.
Given, the cost of the vehicle (excluding GST) is $42,000,
its expected useful life is 5 years and it is being depreciated using the straight-line method to a residual value of $10,000.
The depreciation of the motor vehicle can be calculated as follows:
Depreciable amount = Cost of the vehicle - Residual value
= $42,000 - $10,000
= $32,000
Annual depreciation = Depreciable amount / Useful life
= $32,000 / 5= $6,400
Hence, the annual depreciation expense of the motor vehicle is $6,400.
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